<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: March 15, 1996
--------------------
AUDIO COMMUNICATIONS NETWORK, INC.
- ---------------------------------------
(Exact name of Registrant as Specified in its Charter)
Florida 0-7762 59-0690530
- -------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1000 LEGION PLACE STE. 1515 ORLANDO FL 32801
- ----------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (407)649-8877
----------------------
<PAGE>
Item 1. CHANGES IN CONTROL OF REGISTRANT
--------------------------------
This item is not applicable.
Item 2. ACQUISITION OR DISPOSITION OF ASSETS
------------------------------------
Effective January 2, 1996 Audio Communications Network Inc. acquired
the assets of Florida Sound Engineering Company holder of the Muzak(R)
Jacksonville, Florida franchise including its Pro Sound Division for
$5,750,000.
The assets acquired included:
(a) All subscriber accounts and equipment, all Pro Sound equipment,
accounts receivable, uninstalled contracts and jobs in progress.
(b) All equipment inventory as of the date of the closing.
(c) All trucks and vans.
(d) The seller's Company name, Florida Sound Engineering Company and
business goodwill.
The consideration given for these assets was based upon the following:
(a) Warren Coughlin who founded Florida Sound in 1958 has expanded
the Muzak(R) franchise for Jacksonville to include Gainesville, Ocala
and St. Augustine, Florida and has extended into southern Georgia
including Brunswick. Florida Sound also has a Pro Sound Division that
includes complex and extensive communication systems such as the newly
completed Jacksonville Municipal Stadium. When Mr. Coughlin announced
he wanted to retire Audio Communication Network, Inc. proceeded to
acquire the assets of his Company.
Florida Sound fits into Audio's plans to expand its franchise business
and allows it to enter the sound system communications business adding
another dimension to its revenues.
<PAGE>
Item 2. (b) The new acquisition was acquired for cash and Audio
Communications Network, Inc. received 100% financing from SunTrust,
Central Florida, N.A. for the purchase.
The Jacksonville franchise will retain its name and operate as a
wholly owned subsidiary of Audio Communication Network, Inc.
Item 3. BANKRUPTCY OR RECEIVERSHIP
--------------------------
This item is not applicable
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTS
-------------------------------------------
This item is not applicable
Item 5. OTHER EVENTS
------------
This item is not applicable
Item 6. RESIGNATION OF REGISTRANT'S DIRECTORS
-------------------------------------
This item is not applicable
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
-----------------------------------------
INFORMATION AND EXHIBITS
------------------------
Exhibit I Agreement of Sale
Exhibit II Second Amended and Restated Loan Agreement by and between
SunTrust Bank, Central Florida, N.A. and Audio
Communications Network, Inc. December 21, 1995, effective
January 2, 1996.
Exhibit III Muzak(R) License Agreement Dated January 1, 1991
Exhibit IV Audited Financial Statements for Years Ended December 31,
1994 & 1993 Years Ended December 31, 1995 & 1994 audited
by Meek and McLeod, Certified Public Accounts,
Jacksonville, FL
Exhibit V Unaudited Pro Forma Condensed Combined Balance Sheet and
Consolidated Statement of Operations
<PAGE>
Item 7. Exhibit V for the year ending December 31, 1995 along with the
Notes to the Financial Statements, which includes the
audited financial statements of Florida Sound Engineering
Company for 1995. This resulted in net sales, net income
and earnings per share of approximately $11,500,000,
$612,000 and $.27.
<PAGE>
AGREEMENT OF SALE
AGREEMENT made this 19 day of October, 1995, between FLORIDA SOUND
ENGINEERING COMPANY, a Florida corporation, 3016 Mercury Road South,
Jacksonville, Florida, 32207 ("Seller") and AUDIO COMMUNICATIONS NETWORK, INC.,
1000 Legion Place, Orlando, Florida, 32801, a Florida corporation ("Buyer").
WITNESSETH
WHEREAS Seller desires to sell its assets specified herein to Buyer, for
both its background music business and its sound business, principally located
in Jacksonville and the State of Florida, and
WHEREAS Buyer desires to purchase those assets,
NOW THEREFORE the parties agree as follows:
1. Buyer will pay $6,000,000 cash for Seller's background music business
and sound business and all assets related to each except for cash and prepaids
as specified below.
2. Buyer's agreement to purchase Seller's background music business is
based upon guaranteed Monthly Billings of $125,000 at closing. This purchase
price may be adjusted as provided in Paragraph 6(b) hereof.
3. The purchase price includes:
(a) All subscriber contracts set forth on Exhibit A to be attached hereto
and any leased equipment on location at such subscriber sites.
(b) All office, studio and shop furniture, fixtures, equipment and
supplies and all data processing equipment, software
1
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and computer supplies, to be set forth on Exhibit B to be attached hereto.
(c) All vehicles owned and used by Seller in its business, except the
automobile used by Seller's president, to be set forth on Exhibit C and attached
hereto.
(d) All accounts receivable (for both the sound and background music
businesses), guaranteed to be not less than $360,000 at closing, to be listed on
Exhibit D to be attached hereto.
(e) All inventory and equipment of the business, guaranteed to be not less
than $340,000, to be listed as Exhibit E to be attached hereto.
(f) Seller's land and building in Jacksonville, estimated to be worth
$250,000, the legal description of which will be attached hereto as Exhibit F.
(Seller will pay all 1995 taxes attributable to this property.)
(g) Seller's vacant land in Ft. Myers, having a book value of
approximately $19,000, the legal description of which will be attached hereto as
Exhibit G. (Seller will pay all 1995 taxes attributable to this property.)
(h) Seller's 8 Jacksonville Jaguar football tickets (4 club seats and 4
non-club seats), with rights to renew and assignment of the deposits previously
made by Seller for those seats.
(i) Seller's muzak franchise rights in counties in the States of Florida
and Georgia.
(j) All goodwill related to Seller's background and sound businesses.
2
<PAGE>
(k) All other assets listed on the balance sheet of Seller as of December
31, 1995, except cash and prepaids, as provided below, a copy of which shall
become a part of this Agreement as soon as it is prepared after closing.
The purchase price does not include cash in Seller's bank accounts, or
prepaid items (which prepaid items will be credited to Seller dollar-for-
dollar).
4. If Seller's account receivables and inventory and equipment are less
than $360,000 and $340,000, respectively, at closing, as determined by the
parties' CPA, the purchase price for the sound business will be reduced dollar-
for-dollar for the respective difference.
5.(a) The total purchase price for Seller's business includes all rights
in and to the name "Florida Sound Engineering Company," and any other corporate
names reserved or in use by Seller. The purchase price further includes the
right to keep all phone numbers and other listings presently used by Seller,
together with all trademarks or other trade dress rights presently owned or used
by Seller.
(b) The parties contemplate that Buyer shall form a corporation by the
name of "Florida Sound Engineering Company," with Seller's express consent, and
that Seller shall change its name at the same time. The parties further
contemplate that at the time of closing, this contract will be assigned to
Buyer's then wholly owned subsidiary, Florida Sound Engineering Company. Buyer
may assign the rights to any or all the assets covered by this Agreement to any
third party at or prior to closing. Provided, if
3
<PAGE>
such an assignment is made, the duties of Buyer under this Agreement shall be
assumed by the assignee.
6.(a) For purposes of this Agreement the term Monthly Billings shall be
defined as "recurring monthly revenue to include music service and equipment
lease billings and monthly allocation of advanced billings."
(b) If Seller's Monthly Billings as of closing are less than the
$125,000 guaranteed, the purchase price shall be reduced by 40 times the amount
under the guaranteed Monthly Billings. Provided, if monthly billings fall below
$120,000, either party will have the option of accepting the reduced purchase
price or cancelling this Agreement.
(c) The purchase price may also be reduced on a dollar-for-dollar basis,
and the guaranteed Monthly Billings shall be adjusted accordingly, should error
be found that is attributable to duplicate billings of customers.
(d) In computing the Monthly Billings for purposes of adjustment of the
purchase price, the parties agree that:
(1) Installations completed as of the date of closing shall be
included in the Monthly Billings.
(2) Signed, bona fide, five-year music service contracts, not
yet installed, shall be included in the Monthly Billings.
(3) Monthly Billings of subscribers who have given written or
oral notice of cancellation prior to the closing of this contract shall not be
included.
4
<PAGE>
(4) Customers whose accounts are not within 90 days of being
current as of December 31, 1995, shall not be included in the Monthly Billings
for purposes of determining the total adjusted purchase price.
7. Prior to closing Buyer shall have the right to inspect Seller's
relevant books and records of Seller's background business and its sound
business, with the inspection to take place at Seller's Jacksonville office.
8. The parties specifically understand that Buyer's obligation to close on
this contract and pay the purchase price as determined above is expressly
conditioned upon the following:
(a) Formal approval of this Agreement by Buyer's Board of Directors.
(b) Buyer obtaining an assignment in its favor of Seller's 956 Hz
contract, with written approval of such assignment, conditioned only upon
closing, to be attached hereto as Exhibit H.
(c) Buyer obtaining approval by Muzak for a 10 year franchise agreement,
commencing January 1, 1996, in a form substantially the same as currently
offered to Muzak franchisees.
(d) Evidence satisfactory to Buyer that Seller has paid off or will
otherwise discharge at closing its obligation to the Trustee of the Mark
Coughlin Trust, in the approximate amount of $600,000.
(e) Buyer obtaining adequate financing to close this Agreement.
(f) Completion of all Exhibits required by this Agreement.
5
<PAGE>
9. Seller agrees to continue to operate its business between the date of
this Agreement and the closing date in the normal course.
10. Seller agrees to continue at its current pace the conversion of its
Ocala accounts to DBS Equipment so that such conversion will be completed or
nearly so by the closing date of this Agreement.
11. Seller and its principal stockholder, Warren C. Coughlin, hereby agree
that they will not directly or indirectly participate in competition with Buyer
after the close of this contract with respect to a background music or sound
business for a period of 7 years in the Jacksonville metropolitan area and for a
period of 5 years within the State of Florida and southern Georgia.
12. Seller agrees to pay for all 1995 costs and expenses for services
performed and material received whether or not they were invoiced during 1995.
13. Buyer agrees to pay, as an addition to the purchase price, for jobs in
progress with respect to Seller's background music and its sound business, for
which Seller has not been paid, as set forth on Exhibit I to be attached hereto,
as determined by the parties' CPA. Payment for such jobs in progress shall
include the cost or actual value of the parts, materials, equipment used, plus
direct labor and normal labor burden, including payroll taxes, workmen's
compensation, social security, medicare, and the like.
14. Seller specifically agrees to indemnify Buyer for all warranty work
installed (whether or not completed) through December
6
<PAGE>
1995. If a claim for warranty sound business work is made in excess of $5,000,
Buyer shall notify Seller of the claim and Seller shall have the right to
contest and defend the claim or pay the reasonable cost of the claim, but in any
event, Seller will hold Buyer harmless from the claim. Seller's obligation to
indemnify Buyer for this warranty work shall include the cost or actual value of
the parts, materials and equipment used, plus direct labor and normal labor
burden, including payroll taxes, workmen's compensation, social security,
medicare and the like. This obligation for warranty work as to the music aspect
of the business shall be for all amounts in excess of $500 per occurrence.
15. Seller warrants that all assets included hereunder are or shall be as
of the date of closing free and clear of all liens, encumbrances or claims of
any kind.
16. Seller agrees to hold Buyer harmless from any and all liabilities
asserted against Buyer for a period of three years after closing which in any
way relate to Seller's obligations for the period prior to closing. Should any
such claims be made, Buyer shall give Seller and its principal stockholder
notice as soon as practicable to provide an opportunity to defend or otherwise
handle the claim.
17. The parties agree to execute such documents as reasonably needed to
close on this Agreement and to thereafter carry out the terms hereof. The
parties shall pay their own costs and expenses of closing this transaction,
except that the stamps on deed, title
7
<PAGE>
insurance, survey, and inspection fees on the two real estate assets shall be
split equally between the parties.
18. Seller and its principal stockholder, Warren C. Coughlin, acknowledge
that of necessity Buyer will look to Coughlin for the performance of any
continuing obligations of Seller incurred prior to closing, such as warranty
work reimbursement and indemnification of after-asserted claims; for his part,
Coughlin acknowledges and agrees to assume and perform Seller's obligations in
that connection. This Agreement shall run in favor of Buyer or its assignee and
shall not be enforceable by any third party claimant.
19. The parties hereto acknowledge that the purchase price is being paid
only for assets, not the corporate stock, and that Buyer in no way assumes any
of Seller's liabilities except as specifically provided for in this Agreement.
20. Buyer, with Seller's cooperation, shall prepare and send out the
Monthly Billings for January 1996 at the closing of this Agreement.
21. The formal closing date of this Agreement shall be January 2, 1996;
provided, however, that the parties shall endeavor to complete all obligations
hereunder and make provisions satisfactory to Seller for wire payment of the
purchase price on January 2, 1996.
22. Until otherwise changed, the mailing addresses of the parties for all
notices to be given hereunder shall be as follows:
8
<PAGE>
A. J. Schell, President COPIES TO: Robert Dyer, Esq.
Audio communications Network, Inc. Allen, Dyer, Doppelt,
1000 Legion Place Franjola & Milbrath
Orlando, FL 32801 P.O. Box 3791
Orlando, Florida 32802
Warren C. Coughlin COPIES TO: Charles W. Arnold, Jr.
11548 Mandarin Forest Drive Holland & Knight
Jacksonville, FL 32223 50 North Laura Street
Suite 3900
Jacksonville, FL 32202
23. This Agreement shall be specifically enforceable by Buyer or Seller, at
the option of either party, if such other party shall default. The parties
hereto agree that the provisions of this contract, including the categories of
property to be purchased hereunder, are detailed enough (to persons
knowledgeable in this business) to form the basis of a valid specific
performance action in the event that either Seller or Buyer refuses to close as
agreed herein.
24. The parties hereto agree that any and all disputes, specific
performance proceedings or the like arising out of or in any way involving the
subject matter of this Agreement, whether it be before or after closing, shall
be settled by arbitration before the American Arbitration Association in
accordance with its Commercial Rules, using a panel of three arbitrators.
25. This Agreement may be executed in counterparts each of which shall be
considered an original and that the Agreement shall
9
<PAGE>
become effective when such signed counterparts have been delivered to the other
party.
IN WITNESS WHEREOF the parties have executed this Agreement on the day and
year first above written.
FLORIDA SOUND ENGINEERING COMPANY
By: /s/ Warren C. Coughlin, President
---------------------------------------
Warren C. Coughlin, President
Warren C. Coughlin, President
--------------------------------------
Warren C. Coughlin, Individually
AUDIO COMMUNICATIONS NETWORK, INC.
By: /s/ A.J. Schell, President
----------------------------------------
A.J. Schell, President
10
<PAGE>
COMPANY VEHICLES
----------------
<TABLE>
<CAPTION>
Vehicle # Make/Model Assignment Title# Tag # Mileage
- --------- ---------- ---------- ------ ----- -------
<S> <C> <C> <C> <C> <C>
1 93 Chevy Astro K. Tengue 48236110 INY39Y 71,474
2 89 Chevy Astro - 64195953 QWW76S 181,415
3 92 Chevy Astro P. Nicholson 60407343 JGJ96X 147,000
4 91 Ford Van C. Ivey 49603914 INY36Y 121,568
5 90 Chevy Astro E. Acklen 48374374 QWW80B 111,791
6 92 Chevy Astro S. Boone 62392566 SVD56D 112,799
7 93 Chevy Astro K. Niblick 63937184 JQP92Z 35,668
8 90 Ford Van G. Duffy 48406888 KUP58W 111,300
9 91 Ford Van P. Dicharia 49647385 INY34Y 122,909
10 Gnsvl 95 Chevy Astro K. Bonne BANK- RLM37W 28,011
10 Jax 88 Chevy Astro - 45928496 NVG25N 182,390
11 94 Chevy Astro J. Marshall 65490659 PVV74H 52,893
90 Jeep Chero. B. Cole 48477076 QWW78S 68,554
89 Jeep Chero. D. Mann 47670034 SVD57D 78,239
90 Ford T-Bird L. McGowan 49508786 SVD58D 76,344
95 Chevy S-10 D. Blyar 69148129 TQC27T 4,233
93 Ford Explor. R. Closs 65491642 PVI56K 45,183
</TABLE>
"EXHIBIT C"
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AA0107 AAA 11/1/95 5 $ 55.50 S 956 1 1
3033 Sw College Road
Ocala, Florida 34474
AB0103 ABC Home Health Services 1/1/88 5 $ 30.00 S DBS 1
120 Darien Highway
Brunswick, Georgia 31521
AC0100 Ace Electric Supply 11/1/85 5 $ 45.00 S 956 1
5911 Phillips Highway
Jacksonville, Florida
32247
AC0140 Acordia Benefits of No. 3/1/95 5 $ 45.00 S 956 1
Fla
6440 Southpoint Pkwy
Jacksonville, Florida
32216
AD0113 Elizabeth Street Diner 8/1/92 5 $ 50.00 L DBS 7 1 1
604 Elizabeth Street
Waycross, Georgia 31501
AE0100 Cigna C&P Company 7/1/87 5 $146.25 L 956 87 1 1
644 Cesery Blvd.
Jacksonville, Florida
32211
AI0100 Air Kaman of Jax 1/1/94 5 $ 85.40 L 956 8 2 1
14700 Youngerman Circle
Jacksonville, Florida
32205
AI0110 A1A Ale House 6/1/95 5 $178.50 L DBS 29 1 1
One King Street
St. Augustine, Florida
32084
AL0090 Alamo Rent-a-car 6/15/87 5 $ 57.20 L 956 7 1 1
1735 Airport Road
Jacksonville, Florida
32218
AL0100 Alltel Mobile 2/1/94 5 $ 62.00 L DBS 2 1 1
3207 SW 35th Blvd.
Gainesville, Florida
32608
AL0103 Alice Street Podiatry 3/1/91 5 $ 49.50 S DSB 1 1
2003 Alice Street
Waycross, Georgia 31501
AL0105 Alachua General Hospital 1/1/94 5 $ 94.60 S DBS 1
912 SW Fourth Avenue
Page 1 of 161
</TABLE>
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<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Gainesville, Florida
32601
AL0107 Albertson's#4388 11/1/92 1 $ 45.00 S 956 1
2553 E. Silver Springs
Blvd.
Ocala, Florida 34470
AL0110 Albertson's #4307 11/1/90 1 $ 45.00 S 956 1
7117 Merrill Road
Jacksonville, Florida
32211
AL0120 Albertson's #4305 11/1/90 1 $ 45.00 S 956 1
2875 University Blvd. W.
Jacksonville, Florida
32217
AL0130 Albertson's #4330 11/1/90 1 $ 45.00 S 956 1
5940 Beach Blvd.
Jacksonville, FL 32207
AL0135 The Connection 12/1/91 5 $ 45.00 S 956 1 Inc. Maint.
Seven Main Street
Alachua, Florida 32615
AL0140 Albertson's #4325 11/1/90 1 $ 45.00 S 956 1
5435 Blanding Boulevard
Jacksonville, Florida
32210
AL0150 Albertson's #4314 11/1/90 1 $ 45.00 S DBS 1
2323 NW 13th Street
Gainesville, Florida
32601
AL0160 Albertson's #4369 11/1/90 1 $ 45.00 S 956 1
10500-36 San Jose Blvd.
Jacksonville, FL 32217
AL0170 Albertson's #4367 11/1/90 1 $ 45.00 S 956 1
200 State Road #312
St. Augustine, FL 32084
AL0175 Albertson's #4389 7/1/92 1 $ 45.00 S DBS 1
3930 SW Archer Road
Gainesville, FL 32601
AL0180 Albertson's #4378 11/1/90 1 $ 45.00 S 956 1
950 Blanding Blvd.
Orange Park, FL 32073
AL0190 Julian E. Allen, MD 2/1/90 5 $ 65.00 L 956 6 2 1
Page 2 of 161
</TABLE>
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<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1801 Barrs Street #620
Jacksonville, FL 32204
AL0200 All Saints 12/1/95 2 $ 85.00 S 956 2 1 Inc. Maint.
Nursing Home
5888 Blanding Blvd.
Jacksonville, FL 32244
AL0203 Alma Exchange Bank 4/1/90 5 $ 45.00 S DBS 1 1
104 N. Dixon Street
Alma, GA 31510
AL0210 Alltel Mobile 12/1/94 5 $ 45.00 L DBS 3 1
US 90 West
Lake City, FL 32205
AL0240 Alltel Mobile 10/1/94 5 $ 45.00 S DBS 1
7525 NW 4th Blvd.
Gainesville, FL 32607
AL0260 Alltel Mobile 2/1/94 5 $ 66.00 L DBS 6 1 1
2701 SW College
Road #1000
Ocala, FL 34474
AL0270 Alltel Mobile 10/1/95 5 $ 45.00 L DBS 3 1
5711 Altama Avenue
Brunswick, GA 31520
AL0470 Alliance Mortgage 1/1/93 5 $270.00 L 956 108 2 2
Company
4500 Salisbury Road
Jacksonville, FL
32207
AL0500 All State Pipe Supply 3/1/91 5 $ 82.50 L 956 12 5 1 1
2253 Dennis Street
Jacksonville, FL
32204
AM0103 Barnell Bank of GA 4/1/94 5 $190.00 L DBS 80 2 1
710 Gloucester Street
Brunswick, GA 31520
AM0104 American National Bank 6/1/93 5 $152.95 L 956 83 1 2 1
1562 Atlantic Blvd.
Jacksonville, FL 32207
AM0106 American Express/OROC 1/1/90 5 $110.00 S 1 1 Tape Mach.
10401 Deerwood PO in file
Park Blvd.
Jacksonville, FL 32256
</TABLE>
Page 3 of 161
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<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AM0114 American 6/1/93 5 $ 88.95 L 956 29 1 1
National Bank
1565 Atlantic Blvd.
Jacksonville, FL 32233
AM0118 American Express Centurion PO $883.00 S Labor only
7777 Centurion Parkway
Jacksonville, FL 32256
AM0120 American 6/1/93 5 $ 98.95 L DBS 38 1 1
National Bank
1551 Atlantic
Boulevard
Jacksonville, FL 32207
AM0150 American Express 8/1/90 5 $ 40.00 S 956 1
Travel
10401 Deerwood Park Blvd.
Jacksonville, FL 32256
AM0163 Barnett Bank of GA 5/1/92 5 $ 55.00 L DBS 13 1 1
124 Lee Street
Kingsland, GA 31548
AM0200 Amelia Island Inn 10/1/84 5 $140.92 L 956 29 1 1
1501 Lewis Street
Amelia Island, FL 32034
AM0203 Barnett Bank of SE GA 5/1/92 5 $ 45.00 S DBS 1 1
1811 Frederica Road
St. Simon's Island, GA
31522
AM0250 Amelia Island Convention 9/1/95 2 $145.00 S DBS 1 Inc. Maint.
Center
1501 Lewis Street
Amelia Island, FL 32034
AM0300 Amelia Island Tennis 10/1/95 5 $94.50 L 956 34 2 1 2
Club
1501 Lewis Street
Amelia Island, FL 32034
AM0303 Barnett Bank of SE GA 5/1/92 5 $ 55.00 L DBS 12 1 1
18 Beachview Drive
Jekyll Island, GA 31520
AM0395 American 12/1/91 5 $ 56.10 L DBS 16 1 1
National Bank
1717 NW 13th Street
Gainesville, FL 32602
AM0400 American 5/1/93 5 $ 58.90 L 956 24 1 2
National Bank
6615 Arlington Expressway
</TABLE>
Page 4 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jacksonville, FL 32211
AM0403 Barnett Bank of SE GA 5/1/92 5 $ 55.00 L DBS 13 1 1
2616 Cypress Mill Road
Brunswick, GA 31520
AM0413 Barnett Bank SE GA 5/1/92 5 $ 55.00 L DBS 4 1 1
3028 Norwich Street
Brunswick, GA 31520
AM0424 AT&T Communications 1/1/94 5 $137.00 L 956 53 1 1
3451 Beach Blvd.
Jacksonville, FL 32207
AM0450 AT&T/American Transtech 5/1/92 5 $ 40.00 S 956 1
8000 Baymeadows Way
Jacksonville, FL 32256
AM0600 American National Bank 5/1/93 5 $ 48.95 L 956 14 1 2
5624 Beach Blvd.
Jacksonville, FL 32207
AM0700 Southem Wine & Spirits 11/1/94 5 $138.45 L DBS 33 2 1
6867 Stuart Lane South
Jacksonville, FL 32236
AM0940 American National Bank 5/1/93 5 $ 48.95 L 956 12 1 2
9802 Baymeadows Road
Jacksonville, FL 32217
AM0950 American National Bank 5/1/93 5 $124.95 L 956 55 2 2
2031 Hendricks Avenue
Jacksonville, FL 32207
AM0960 American National Bank 6/1/93 5 $ 48.95 L 956 8 1 2
11683 San Jose Blvd.
Jacksonville, FL 32223
AM0970 American National Bank 6/1/93 5 $ 53.45 L 956 11 1 2
5665 Normandy Blvd.
Jacksonville, FL 32205
AM0990 American National Bank 6/1/93 5 $ 48.95 L 956 10 1 2
1031 Atlantic Blvd.
Atlantic Beach, FL 32233
AM1100 American National Bank 6/1/93 5 $ 46.91 L 956 12 1 2
</TABLE>
Page 5 of 161
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<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
US Naval Station
Mayport, FL 32228
AM1130 American National 5/1/93 5 $ 49.95 L 956 10 1 2
Bank
580 W. 8th Street
Jacksonville, FL 32205
AM1140 American National 6/1/93 5 $ 47.95 L 956 7 1 2
Bank
7640 103rd Street
Jacksonville, FL 32210
AM1164 American National 6/1/93 5 $ 53.00 L 956 7 1 2
Bank
1978 Park Avenue
Orange Park, FL 32073
AM1200 Amoco Oil 1/1/95 5 $165.00 L DBS 13 2 1
11060 Old St.
Augustine Road
Jacksonville, FL 32257
AMI300 Amoco Oil 5/1/95 5 $165.00 L DBS 15 2 1
9370 Philips Highway
Jacksonville, FL 32256
AM1310 Amoco Oil 6/1/95 5 $165.00 L DBS 11 2 1
8863 San Jose Boulevard
Jacksonville, FL 32217
AM1400 American Trans-Tech 1/1/94 5 $123.50 S DBS 1
8000 Baymeadows Way
Jacksonville, FL 32256
AM1450 American Heritage Ins. 9/1/94 5 $395.00 S DBS Inc. Maint.
1776 American
Heritage Life Dr.
Jacksonville, FL 32224
AN0106 Anglin Construction 11/1/95 2 $ 50.00 L 7 1 Tape
Company
622 SE Second Street
Gainesville, FL 32601
AN0110 Anderson Columbia Co. 1/1/91 5 $ 39.00 L DBS 4 1 1
Rt. 19- KOA Campground
Old Town, FL 32680
AN0126 Angelo's Restaurant 2/1/92 5 $ 68.50 L Tape
2111 University
Blvd. South
Jacksonville, FL 32211
</TABLE>
Page 6 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AN0190 Anthem Health Systems 3/1/94 1 $ 45.00 S 956 1 1
10199 Southside Blvd.
Jacksonville, FL 32256
AN0200 Anheuser Busch/ 8/1 /87 5 $ 52.34 S 956 1
Hospitality House
111 Busch Drive
Jacksonville, FL 32218
AN0204 Anchor Lithkemko 6/1/94 3 $115.00 L 956 18 21 2 1
50 Industrial Loop
Orange Park, FL 32073
AN0300 Anheuser Busch PO $243.00 L DBS/956 75 4 2
111 Busch Drive
Jacksonville, FL 32218
AP0100 Applebee's 6/1/91 5 $120.75 L DBS 29 2 1
10502 San Jose Blvd.
Jacksonville, FL 32217
AP0110 Applebee's 1/1/90 5 $120.00 L DBS 19 2 1 2
492 Blanding Blvd.
Orange Park, FL 32607
AP0120 Applebee's 6/1/91 5 $120.00 L DBS 26 2 1 1
4194 South Third Street
Jacksonville Beach, FL
3250
AP0130 Applebee's 7/1/91 5 $120.00 L DBS 18 2 1 1
9498 Atlantic Blvd.
Jacksonville, FL 32211
AP0140 Applebee's 10/1/91 5 $120.00 L DBS 18 2 1
9450 Baymeadows Road
Jacksonville, FL 32216
AP0150 Applebee's 6/1/93 5 $ 55.00 S DBS 1
US#1 & #312
St. Augustine, FL 32086
AP0160 Applebee's 4/1/94 5 $ 55.00 S DBS 1
177 Altama Connector
Brunswick, GA 31525
AP0170 Applebee's 10/1/94 5 $ 55.00 S DBS 1
1901 Memorial Drive
</TABLE>
Page 7 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Waycross, GA 31501
AO0180 Applebee's 4/1/95 5 $ 55.00 S DBS 1
574 Busch Drive
Jacksonville, FL 32218
AP0190 Applebee's 6/1/95 5 $ 55.00 S DBS 1
113 The Lakes Boulevard
Kingsland, GA 31548
AP0200 Applebee's 9/1/95 5 $ 55.00 S DBS 1
Rt. 17, Box 2219
Lake City, FL 32055
AP0210 Applebee's 9/1/95 5 $ 55.00 DBS 1
6251 103rd Street
Jacksonville, FL 32210
AQ0106 Aqua East Surf Shop 9/1/89 5 $110.00 S Tape/Adcas
696 Atlantic Boulevard
Neptune Beach, FL 32233
AR0103 Arby's 12/1/90 5 $ 52.00 L DBS 6 2 1
163 Altama Connector
Brunswick, GA 31520
AR0105 Arby's 6/1/92 5 $ 43.70 L DBS 2 1 1
1405 SW 13th Street
Gainesville, FL 32601
AR01Ol Arby's 11/1/92 5 $ 37.50 S DBS 1 1
2130 E. Silver
Springs Blvd.
Ocala, FL 34470
AR0120 Arrow Food Market 10/1/91 5 $ 49.50 L DBS 2 1 1 2
140 N. Main Street
High Springs, FL 32604
AR0l20 Arby's 2/1/95 5 $ 52.50 L DBS 8 1 1
I-95 & Dunn Avenue
Jacksonville, FL 32218
AR0124 Arby's 7/1/91 5 $ 47.50 L 956 7 1 1
10477 San Jose Blvd.
Jacksonville, FL 32217
AROl30 Arby's #253 2/1/95 5 $ 52.50 L DBS 8 1 1
</TABLE>
Page 8 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
10160 Philips Highway
Jacksonville, FL 32256
AR0134 Arby's #5075 7/1/91 5 $ 47.50 L 956 7 1 1
11190 Beach Boulevard
Jacksonville, FL 32216
AR0150 Argyle Village 7/1/91 5 $ 97.00 L 956 26 1 1
Shopping Ctr
6001 Argyle
Forest Blvd.
Jacksonville, FL 32244
AR0160 Cicso Travel 1/1/95 5 $ 95.00 L DBS 35 4 3 1
Plaza/Arby's
1104 Colerain Road
Kingsland, GA 31548
AR0l70 Arby's #226 9/1/95 5 $ 45.00 L DBS 4 1 1
2211 SW College Road
Ocala, FL 32670
AR0184 Arby's 7/1/91 5 $ 47.50 L 956 7 1 1
54 Blanding Blvd.
Orange Park, FL 32073
AR0190 Arby's #221 9/1/95 5 $ 45.00 L DBS 4 1 1
896 Blanding Blvd.
Orange Park, FL 32065
AR0700 Arvida Realty Sales 2/1/94 5 $126.25 L DBS 42 1 1
5 TPC Boulevard
Ponte Vedra
Beach, FL 32082
AS0110 Ash Tisdelle 12/1/91 5 $ 39.95 L 956 1 1
Automotive
1481 Wells Road
Orange Park, FL 32073
AT0100 Atkinson's Pharmacy 12/1/91 5 $ 35.97 L 956 8 1 1 2
9735 St. Augustine Road
#15
Jacksonville, FL 32257
AT0110 ATP Tour 200 Tournament 1/1/94 5 $ 94.50 L DBS 27 2 2
Players Blvd.
Ponte Vedra Beach, FL
32082
AT0114 Atlantic Dodge 1/1/91 5 $ 45.00 S 956 1
2330 US #1 South
St. Augustine, FL 32035
</TABLE>
Page 9 of l6l
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AT0140 AT&T Universal Card 8/1/92 5 $ 60.00 S DBS 1 MOH only
8787 Baypine Road
Jacksonville, FL 32256
AT1900 Atlantic Mortgage 12/1/91 5 $ 73.70 L 956 26 1 1
& Investment
4348 Southpoint Blvd.
Jacksonville, FL 32216
AV0100 Avondale Pharmacy 4/1/82 5 $ 25.00 L 956 7 1 1 1
3590 St. Johns Avenue
Jacksonville, FL 32205
AV0105 AV Med Health Plans 9/1/90 5 $ 45.00 S DBS 1
8930 NW 39th Avenue
Gainesville, FL 32606
AV0110 AV Med Health Plans 12/1/95 5 $ 65.00 S 956 1
1300 River Place
Drive #200
Jacksonville, FL 32207
AW0100 AwShucks 3/1/94 5 $105.00 L DBS 23 3 2
950 Sawgrass
Village Drive
Ponte Vedra
Beach, FL 32082
AY0105 Ayers Medical Plaza 10/1/95 5 $100.00 L DBS 3 2 1
720 SW 2nd Avenue #409
Gainesville, FL 32601
BA0100 Baker Brothers 1/1/94 5 $ 98.95 L 956 42 1 1
7892 Baymeadows Way
Jacksonville, FL 32216
BA0105 Barnett Technologies 1/1/92 5 $ 53.96 L DBS 14 1 1 1
2627 NW 43rd Street
Gainesville, FL 32602
BA0107 Barnett Bank 12/31/94 5 $ 50.35 S 956 1
35 SE First Street
Ocala, Florida 34478
BA0108 Bargain House of Fleas 12/1/91 5 $ 56.07 L 9 4 1 1 1 paging
6016 Blanding Blvd.
Jacksonville,
Florida 32210
BA0110 Barnett Mortgage Co. 2/1/94 5 $401.50 L DBS 306 7 2
</TABLE>
Page 10 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
9000 Southside Blvd., 956
700 Bldg.
Jacksonville, Florida
32203
BA0115 Barnett Bank 1/1/92 5 $ 44.00 L DBS 6 1 1
7606 Newbeny Road
Gainesville, Florida
32602
BA0120 Barnett Office Park 5/1/89 5 $125.00 L 956 1
9000 Southside Boulevard
Jacksonville, Florida
32256
BA0125 Barnett Bank of Alachua 1/1/92 5 $ 42.50 L DBS 25 1 1
2815 NW 13th Street
Gaineville, Florida
32609
BS0130 Barnett Bank Center 9/1/95 5 $115.00 L DBS 8 1 1
50 North Laura Street
Jacksonville, Florida
32202
BA0134 Barbecue, Ltd. 4/1/89 5 $ 55.00 L 956 12 1 1
506 Beach Boulevard
Jacksonville, Florida
32250
BA0140/1 Barnett Bank 1/1/93 5 $ 69.45 L 956 14 1 2
60 Cathedral Place
St. Augustine, Florida
32084
BA0140/2 Barnett Bank 4/1/90 5 $ 48.40 L 956 1 1
500 Anastasia Blvd.
St. Augustine, Florida
32084
BA0140/3 Barnett Bank 6/1/91 5 $ 53.00 L DBS 8 1 1
709 Ponce DeLeon Blvd.
St. Augustine, Florida
32084
BA0140/4 Barnett Bank 4/1/90 5 $ 48.40 L 956 8 1 1
2135 US 1 South
St. Augustine, Florida
32084
BA0140/5 Barnett Bank 4/1/90 5 $ 49.00 L 956 12 1 1
A1A& SR #3
St. Augustine Bch., FL
32084
BA0140/6 Barnett Bank 4/1/90 5 $ 49.00 L DBS 11 1 1
4305 US#1 So.
St. Augustine, Florida
32086
</TABLE>
Page 11 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BA0140/7 Barnett Bank 9/1/91 5 $ 50.82 L DBS 1 1
One North Summit Street
Crescent City, Florida
32012
BA0140/8 Barnett Bank 9/1/91 5 $ 50.82 L DBS 1 1
620 Highway 19
Palatka, Florida
32077
BA0140/9 Barnett Bank 9/1/91 5 $ 50.82 L DBS 1 1
Highway #308/309
Welake, Florida
32093
BA0140/10 Barnett Bank 9/1/91 5 $ 50.82 L DBS 1 1
917 North Summit Street
Crescent City, Florida
32012
BA0140/100 Barnett Operations 4/1/90 5 $160.00 L DBS 91 1 1
2155 Old Moultrie Road
St. Augustine, Florida
32085
BA0160 Barnett Bank 12/1/90 5 $ 55.00 L 956 13 1 1
13174 Atlantic Boulevard
Jacksonville, Florida
32225
BA0170 BancBoston Mortgage Corp. 9/1/91 5 $434.00 L 956 140 2 1
7585 Baymeadows Road
Jacksonville, Florida
32256
BA0180 Barnett Bank 1/1/94 5 $ 55.00 L DBS 5 1 1
Advent Christian Village
Dowling Park, Florida
32060
BA0190 Barnett Campus 3/1/95 5 $ 50.00 S DBS 1
Cafeteria/PruCare
9000 Southside Blvd.
Jacksonville, FL 32256
BA0200 Barnett Bank 11/1/95 5 $ 75.00 L DBS 10 1 1
4850 BelIe Terre Parkway
Palm Coast, FL 32164
BA0250 Barnett Bank 1/1/92 5 $ 49.50 L DBS 6 1 1
400 Cottonwood Center
Archer, FL 32618
BA0207 Baxter Scientific Products 11/1/92 5 $ 62.00 L 956 6 1 1
601 SW 33rd Avenue
</TABLE>
Page 12 of l6l
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ocala, FL 34470
BA0410 Broudy's Liquors 1/1/93 5 $ 67.50 L DBS 7 1 1
1915 SR3 #A
St. Augustine, FL 32085
BA0600 Baptist Medical Center 4/1/94 5 $290.40 DBS 2
800 Prudential Drive
Jacksonville, FL 32207
BA0800/2 Barnett Bank 4/1/90 5 $ 67.73 L 956 13 1 1
US Naval Air Station
Jacksonville, FL 32228
BA0800/3 Barnett Bank 4/1/90 5 $ 44.96 L 956 6 1 1
7254 103rd Street
Jacksonville, FL 32210
BA0800/5 Barnett Bank 5/1/92 5 $100.54 L 956 26 1 1
840 S. Edgewood Avenue
Jacksonville, FL 32205
BA0800/6 Barnett Bank 4/1/90 5 $106.92 L 956 30 1 1
1055 Dunn Avenue
Jacksonville, FL 32218
BA0800/7 Barnett Bank 10/1/95 5 $105.00 L DBS 23 1 1
9550 Regency Square Blvd.
Jacksonville, FL 32211
BA0800/8 Barnett Bank 4/1/90 5 $ 45.00 L 956 6 1 1
5580 Ft. Camline Road
Jacksonville, FL 32211
BA0800/9 Barnett Bank 5/1/90 5 $ 87.12 L 956 24 1 1
3535 University Blvd. W.
Jacksonville, FL 32217
BA0800/10 Barnett Bank 12/1/94 5 $ 91.62 L DBS 28 1 1
29 Blanding Blvd.
Orange Park, FL 32073
BA0800/11 Barnett Bank 4/1/90 5 $ 40.88 L 956 5 1 1
500 Third Street
Neptune Bch., FL 32250
BA0800/12 Barnett Bank 4/1/90 5 $ 54.63 L 956 12 1 1
Page 13 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Wabash at Roosevelt
Jacksonville, FL 32299
BA0800/13 Barnett Bank 4/1/90 5 $44.97 L 956 6 1 1
10445 San Jose Blvd.
Jacksonville, FL 32232
BA0800/14 Barnett Bank 4/1/90 5 $51.70 L 956 9 1 1
2285 Kingsley Avenue
Orange Park, FL 32073
BA0800/15 Barnett Bank 4/1/90 5 $55.00 L 956 12 1 1
11790 San Jose Blvd.
Jacksonville, FL 32217
BA0800/16 Barnett Bank 4/1/92 5 $54.40 L 956 13 1 1
2011 San Marco Blvd.
Jacksonville, FL 32207
BA0800/17 Barnett Bank 4/1/90 5 $48.40 L 956 11 1 1
6622 Southpoint Drive. S.
Jacksonville, FL 32216
BA0800/18 Barnett Bank 4/1/90 5 $53.24 L 956 14 1 1
1300 Cooks Land
Green Cove Springs, FL
32043
BA0800/19 Barnett Bank 4/1/90 5 $49.50 L 956 10 1 1
859 Blanding Blvd.
Orange Park, FL 32073
BA0800/20 Barnett Bank 4/1/90 5 $49.50 L 956 10 1 1
11140 Beach Blvd.
Jacksonville, FL 32216
BA0800/21 Barnett Bank 5/1/92 5 $55.00 L 956 1 1 1 Maint.
5859 Moncrief Avenue
Jacksonville, FL 32209
BA0800/22 Barnett Bank 4/1/90 5 $48.40 L 956 8 1 1
531 A1A
Ponte Vedra Bch., FL 32083
BA0800/23 Barnett Bank 4/1/90 5 $34.49 L 956 4 1 1
5156-2 Norwood Avenue
Jacksonville, FL 32208
</TABLE>
Page 14 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BA0800/24 Barnett Bank 10/1/95 5 $ 55.00 L 956 6 1 1
50 West State Street
Jacksonville, FL 32202
BA0800/25 Barnett Bank 2/1/87 5 $ 51.98 L 956 7 1 1
9550 Regency Square Blvd.
Jacksonville, FL 32231
BA0800/26 Barnett Bank 4/1/90 5 $ 58.00 L 956 15 1 1
Hartley @ St. Augustine Rd
Jacksonville, Florida
32257
BA0800/27 Barnett Bank 4/1/90 5 $ 58.30 L 956 11 1 1
Deerwood Village Office
Jacksonville, FL 32216
BA0800/28 Barnett Bank 4/1/90 5 $ 49.50 L 956 10 1 1
2709 Monument Road
Jacksonville, FL 32211
BA0800/29 Barnett Bank 4/1/90 5 $ 50.00 L 956 15 1 1
7770 Normandy Blvd.
Jacksonville, FL 32221
BA0800/30 Barnett Bank 4/1/90 5 $ 58.00 L 956 15 1 1
14288 Beach Boulevard
Jacksonville Bch., FL
32250
BA0800/31 Barnett Bank 4/1/90 5 $ 55.00 L 956 12 1 1
Race Track Rd & SR #13
Jacksonville, FL 32223
BA0910 Barnett Bank 11/1/91 5 $ 41.00 L 956 8 1 1
1315 S. Third Street
Jacksonville Bch., FL
32250
BA0920 Barnett Bank 1/1/92 3 $ 75.00 L DBS 8 1 1
100 Flagler Plaza Drive
Palm Coast, FL 32137
BA1000 BancBoston/Hovanunan 12/1/93 5 $236.00 L 956 66 3 1
Center
8201 Cypress Plaza Drive
Jacksonville, FL 32256
BA1200 Barnett Bank 1/1/92 5 $ 59.58 L DBS 12 1 1
520 Centre Street
</TABLE>
Page 15 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Femandina Bch., FL
32034
BA1210 Barnett Bank 1/1/92 5 $ 48.40 L DBS 8 1 1
St. Rd. #200
Callahan, FL 32011
BA1220 Barnett Bank 3/1/94 5 $ 75.00 L DBS 15 1 1
1810 S.8th Street
Fernandina Beach, FL
32034
BA1230 Barnett Bank 1/1/92 5 $ 75.90 L 956 23 1 1
503 Centre Sreet
Fernandina Bch., FL 32034
BA1243 Barnett Bank 5/1/92 5 $ 55.00 L DBS 4 1 1
204 West Cherry Street
Jesup, GA 31545
BA1250 Barnett Bank 11/1/95 5 $ 75.00 L DBS 8 1 1
323 Moody Blvd.
Flagler Bch., FL 32037
BA1253 Barnett Bank of SE 5/1/92 5 $ 55.00 L DBS 12 1 1
Georgia
2712 Osbom Road
St. Mary's, GA 31538
BA1310 Barnett Bank 1/1/94 5 $ 41.25 L DBS 6 1 1
3000 5. First Street
Lake City, FL 32056
BA1320 Barnett Bank 1/1/94 5 $ 41.25 L DBS 7 1 1
I-75 & US 90
Lake City, FL 32056
BA1360 Barnett Center - Fls 9-18 3/1/95 5 $312.00 L DBS 7 1 1
50 North Laura Street
Jacksonville, FL 32202
BA1370 Barnett Plaza 3/1/90 5 $ 59.90 L 956 12 1 1
6622 Southpoint Drive South
Jacksonville, FL 32201
BA1380 Barnett Bank 9/1/91 5 $ 42.35 S DBS 1
Two Old Kings Road
Palm Coast, FL 32037
BA1490 Barnacle Bills 9/1/92 5 $ 55.00 L DBS 12 2 1
</TABLE>
Page 16 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
14 Castillo Drive
St. Augustine, FL
32084
BA1600 Baymeadows Apt. Gen. 10/1/82 3 $ 55.00 L 956 13 1 1 3
Office
7915 Baymeadows
Circle E1
Jacksonville, FL
32216
BA1704 Baymeadows Racquet Club 3/1/89 5 $ 48.50 L 956 6 1 1
7915 Baymeadows
Circle E.
Jacksonville, FL 32216
BA1710 Bass Outlet 11/1/93 5 $ 45.00 L 1
2700 SR 16
St. Augustine, FL
32092
BA1720 Bass Company Store 8/1/95 5 $ 45.00 L DBS 1
One Magnolia Bluff Way
Darien, GA 31305
BA1804 Baymeadows Swim Club 7/1/89 5 $ 28.32 L 956 1 1
7915 Baymeadows
Circle E.
Jacksonville, FL 32216
BA1900 Baymeadows Golf Club 9/1/95 5 $ 85.00 L DBS 21 3 1
7981 Baymeadows
Circle W
Jacksonville, FL 32216
BE0104 Beall's 10/1/89 5 $ 50.00 S 956 1
11111-56 San Jose Blvd.
Jacksonville, FL 32256
BE0105 Bear Archery 1/1/94 5 $274.79 L DBS 44 47 4 1
4600 41st Blvd. SW
Gainesville, FL 32608
BE0107 Beall's 11/1/92 5 $ 45.00 S 956 1
2015 E. Silver
Springs Blvd.
Ocala, FL 34471
BE0110 Beall's 11/1/91 5 $ 55.00 S DBS 1
104 Palm Coast Parkway
Palm Coast, FL 32137
BA0113 Bennett Chevrolet 1/1/91 5 $ 45.00 L DBS 3 1 1
1974 Highway 40 East
Kingsland, GA 31548
</TABLE>
Page 17 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BE0114 Beall's 6/1/93 5 $ 45.00 S DBS 1
8585 College Road SW #7
Ocala, FL 32674
BE0120 Beall's 4/15/92 5 $ 45.00 S 956 1
4427 Roosevelt Blvd.
Jacksonville, FL
32210
BE0124 Beall's 5/1/90 5 $ 60.00 S 956 1
3876 S. Third Street
Jacksonville Bch., FL
32250
BE0130 Beall's 4/1/93 5 $ 45.00 S 956 1
10305 US Highway 441 SE
Belleview, FL 32620
BE0140 Beech Street Grille 7/1/92 5 $106.00 L DBS 7 1 1
801 Beech Street
Femandina Bch., FL
32034
BE0143 Belk Hudson 12/1/91 5 $ 80.00 L DBS 1 1
101 City Smitty Road
St. Mary's, GA 31558
BE0144 Beach Hut Cafe 11/1/93 5 $ 59.00 L DBS 9 1 1
1281 Third Street North
Jacksonville Bch., FL
32250
BE0150 Beall's 11/1/92 5 $ 45.00 S DBS 1
2202 North Young Blvd.
Chiefland, FL 32626
BE0154 Main Street Chevrolet 12/1/92 5 $ 51.44 L DBS 1 1
2600 N. Main Street
Gainesville, FL 32601
BE0160 Beach Cafe 6/1/95 5 $ 35.00 L 956 2 1 2
10769-14 Beach Blvd.
Jacksonville, FL
32246
BE0170 Beauty Warehouse & 7/l/94 5 $ 35.00 S 956 1
Hair Zone
10500 San Jose Blvd. #34
JacksonvilLe, FL
32257
BE0190 Beloit Corporation 3/1/94 5 $ 73.00 L DBS 29 1 1
6620 Southpoint
Drive S. #500
</TABLE>
Page 18 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jacksonville, FL 32216
BE0200 Beall's 1/1/95 5 $ 45.00 S DBS 1
11352 William Street #503
Dunellon, FL 34432
BE0203 Crafts & Stuff 2/1/94 5 $ 60.00 L DBS 9 1 1 4
206 Retreat Road
St. Simon's Is., GA
31522
BE0204 Unison Industries 2/1/95 5 $110.00 S DBS 1
7575 Baymeadows Way
Jacksonville, FL 32256
BE0205 Belk-Lindsey 12/1/92 5 $ 70.00 L DBS 1 1
1302 North Main Street
Gainesville, FL 32601
BE0207 Beall's 11/1/92 5 $ 55.00 S 956 1
4901 E. Silver Springs
Blvd.
Ocala, FL 34470
BE0210 Best Western 3/1/94 5 $172.26 L DBS 41 4 1 5
300 Park Avenue North
Orange Park, FL 32073
BE0220 Beall's 1/1/95 5 $ 45.00 S DBS 1
316 State Rd. 312
St. Augustine, FL 34206
BE0230 Beall's 3/1/95 5 $ 45.00 S DBS 1
837 S. Walnut Street
Starke, FL 32091
BE0240 Ben Franklin 7/1/94 5 $ 46.46 S DBS 1
1927 Sw College Road #200
Ocala, FL 34474
BE0250 Beck Nissan 2/1/95 5 $ 69.00 L DBS 4 1 1
3523 Reid Street
Palatka, FL
BE0260 Beck Chrysler/Dodge/ 2/1/95 5 $ 69.00 L DBS 4 1 1
Jeep/Eagle
256 Highway 17 North
Palatka, FL 32177
BE0270 Beall's 5/1/95 5 $ 45.00 S DBS 1
</TABLE>
Page 19 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3002 Dunn Avenue
Jacksonville, FL 32218
BE0280 Beall's 7/1/95 5 $80.00 S DBS 1
1439 Sadler Road
Fernandina Beach, FL
32034
BE0290 Coral Bay Direct #94 8/1/95 5 $45.00 S DBS 1
One Magnolia Bluff Way
#470
Darien, GA 31305
BE0300 Beall's 9/1/95 5 $45.00 S DBS 1
100 Mall Boulevard
Brunswick, GA 31625
BE0304 Belk-Lindsey #490 12/1/92 5 $70.00 L DBS 1 1
6323 W. Newberry Road
Gainesville, FL 32605
BE0307 Belk-Lindsey #109 12/1/92 5 $70.00 L DBS 1 1
3100 SW College Road
Ocala, FL 34474
BE0310 Beauty Warehouse 11/1/95 5 $75.00 L DBS 8 1 1
565 Marsh Landing Parkway
Jacksonville Beach, FL
32250
BE0320 Belleview Pizza 10/1/95 5 $50.00 S DBS 1
5428 SE Abshier Blvd.
Belleview, FL 34420
E0404 Beall's 1/1/89 5 $50.00 S 956 1
950-16 Blanding Blvd.
Orange Park, FL 32065
BE0405 Crafts & Stuff 12/1/91 5 $62.65 L DBS 16 1 1
4114 NW 16th Blvd.
Gainesville, FL 32601
BE0500 Bellemeade Development 12/1/91 5 $58.50 L 956 16 1 1
of Florida
6650 Southpoint Parkway
Jacksonville, Florida
32213
BE0600 Belk-Hudson 12/1/91 5 $53.24 L DBS 1 3
2121 US Highway #1 South
St. Augustine, FL 32084
</TABLE>
Page 20 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BE0753 Belk-Hudson 8/1/92 5 $ 68.24 S DBS 1
Two Mall Boulevard
Brunswick, FA 31525
BE0760 BellSouth 10/1/85 5 $114.18 L 956 24 1 1
100 Bell Tell Way
Jacksonville, FL
32216
BE0763 Belk-Hudson 4/1/94 5 $ 60.00 L DBS 1
2215 Memorial Drive
Waycross, GA 31501
BE1000 Betz Paper Chem 3/1/92 5 $175.00 S DBS 1 Maint.
7510 Baymeadows Way
Jacksonville, FL
32216
BF0100 BFI 6/1/94 5 $ 45.00 L 956 1 1 1
7580 Philips Highway
Jacksonvile, FL
32256
BI0100 BigJ Foods 3/1/95 5 $ 88.50 L DBS 38 1 1
815 S. Second Street
Folkston, GA 31537
BI0114 Big Lot's #500 1/9/95 1 $ 40.00 L 956 5 1 1
1018 Dunn Avenue
Jacksonville, FL
32218
BI0124 Big Lots#501 1/9/95 1 $ 40.00 L 956 9 1 1
5810 Normandy
Boulevard
Jacksonville, FL
32205
BI0134 Big Lots #502 1/9/95 1 $ 35.00 L 956 1 1 1
7490 Beach Boulevard
Jacksonville, FL
32216
BI0144 Big Lots #504 1/9/95 1 $ 35.00 L 956 15 1 1 1
978 Arlington Road
Jacksonville, FL
32211
BI0154 Big Lots #503 1/9/95 5 $ 35.00 L 956 14 1
630 Atlantic Blvd.
Neptune Beach, FL
32266
BI0160 Big Lots 1/9/95 5 $ 40.00 L DBS 7 3 1 1
2400 North Main
Street
</TABLE>
Page 21 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Gainesville, FL
32601
BI0344 Big Lots #509 1/9/95 5 $ 40.00 L 956 18 1 1
308 State Road 312
St. Augustine, FL
32084
BL0053 Black Beards 7/1/92 5 $108.60 L DBS 18 4 3 1 2
Restaurant
2000 Beachview
Drive
Jekyll Island, GA
31527
BL0080 Blanche's 4/1/94 5 $ 95.00 L DBS 15 1 1 1
Courtyard
440 Ocean
Boulevard
St. Simon's
Island, Ga 31522
BL0100 Blackstone 6/1/91 5 $ 60.00 L 956 35 4 1 1
Building
233 E. Bay Street
#701
Jacksonville, FL
32202
BL0103 Bluestein's 10/1/88 5 $ 80.85 L DBS 30 3 1 5
Grocery
US #17
Darien, GA 31305
BL0200 Blue Cross/Blue 5/1/80 5 $249.30 S DBS 1 Maint.
Shield
532 Riverside
Avenue
Jacksonville, FL
32203
BL0203 Bluestine's 10/1/88 5 $ 66.09 L DBS 2 1 1 4
Grocery
Rt. 2
Eulonia, GA 31335
BL0300 Black-Eyed Pea 4/1/94 5 $ 64.50 S DBS 1
3510 SW 36th
Avenue
Ocala, FL 34474
BO0054 Bob Evans Farms 11/1/91 5 $ 50.00 L DBS 1 1
Rt. 13
Lake City, FL
32055
BO0064 Bob Evans Farms 11/1/91 5 $ 58.75 L DBS 1 1
4110 40th Blvd. SW
Gainesville, FL
32608
BO0104 Bono's 8/1/80 5 $ 55.00 L 956 9 1 1
705 S. Lane Avenue
Jacksonville, FL
32205
B00107 Bob Evans 11/1/92 5 $ 53.00 L 956 1 2
</TABLE>
Page 22 of 16
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3535 SW College Road
Ocala, FL 34474
BO0124 Bono's 10/1/93 5 $55.00 L 956 8 1 1
8611 Merrill Road
Jacksonville, FL 32211
BO0134 Bono's 5/1/92 5 $57.75 L 956 8 1 1
1177-9 Park Avenue
Orange Park, FL 32073
BO0144 Bono's 7/1/92 5 $57.75 L DBS 10 1 1
5229 Jammes Road
Jacksonville, FL 32210
BO0154 Bono's 10/1/93 5 $55.00 L 956 6 1 1
1307 Atlantic
Boulevard
Jacksonville, FL 32266
BO0160 Bono's 1/1/94 5 $55.00 L DBS 14 1 1
700-10 Blanding
Boulevard
Orange Park, FL 32073
BO0164 Bono's 8/1/91 5 $57.75 L DBS 8 1 1
139 City Smitty Road
St. Mary's, GA 31558
BO0165 Bono's 6/1/92 5 $45.00 L DBS 8 2 1
6760 Newbeny Road
Gainesville, FL 32607
BO0170 Bono's 8/1/95 5 $60.00 L DBS 9 1 1
2900 Cypress Mill Road
Brunswick, GA 31520
BO0180 Bono's 6/1/93 5 $55.00 L DBS 12 1 1
14444 Beach Boulevard
Jacksonville, FL 32250
BO0190 Bono's 1/1/95 5 $55.00 L DBS 10 1 1
10019-11 San Jose
Blvd.
Jacksonville, Fl 32257
BO0204 Bono's 10/1/93 5 $55.00 L DBS 8 1 1
4907 Beach Blvd.
Jacksonville, FL 32207
</TABLE>
Page 23 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BO0207 Boissoneault 11/1/92 5 $ 75.00 L DBS 3 1
Oncology
2020 SE 17th
Street
Ocala, FL 34471
BO0304 Bono's 10/1/93 5 $ 69.50 L 956 9 2 1 1
5711 Bowden
Road
Jacksonville,
FL 32216
B00307 Bono's 11/1/92 5 $ 59.00 L DBS 9 1
303 SE 17th
Street #315
Ocala, FL 34471
BR0100 Brannon, 11/1/91 5 $ 72.00 L DBS 29 1 1
Brown, et al
10 North
Columbia
Lake City, FL
32056
BR0105 Brasington 4/1/92 5 $40.39 S DBS 2 Maint.
Cadillac/Oldsmobile
2001 NW 13th
Street
Gainesville,
FL 32601
BR0110 Bridal Center of 1/1/93 5 $45.00 L 956 5 1 1
Jacksonvile
9787 Atlantic
Blvd.
Jacksonville,
FL 32225
BR0113 Brunswick Mall 1/1/88 5 $ 42.00 L DBS 1 1
4420 Altama
Avenue
Brunswick, GA
31520
BR0114 Brown Shoe 12/1/91 5 $ 43.00 L DBS 5 1 1
Store
2700 SR 16 #617
St. Augustine,
FL 32092
BR0118 Bridge Terminal Transport No $ 35.00 Messages
5100 Gordon Contract/TH
Street
Jacksonville,
FL 32216
BR0120 Breast Health 1/1/92 5 $ 42.35 L DBS 4 1 1
Center
580 W. 8th
Street #901
Jacksonville,
FL 32209
BR0130 Bretts 9/1/91 5 $182.00 L DBS 25 4 1 2
Waterway Cafe
Fernandina harbor &
Market
Fernandina Beach, FL
32034
BR0140 Brant, Moore, 7/1/91 5 $ 37.00 L DBS 2 1 1
Sapp, et al
50 North Laura Street
#3100
</TABLE>
Page 24 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jacksonville,
FL 32202
BR0150 Bryan Ace 10/1/92 5 $ 40.00 L DBS 1 1
Hardware
SR #100 East
Keystone
Heights, FL
32656
BR0160 Branford State 11/1/93 5 $ 71.50 L DBS 15 1 1
Bank
814 Suwanee
Avenue
Branford, FL
32008
BR0408 The New School 9/7/78 5 $ 32.50 L 20 1 page only
4625 Lenox
Avenue
Jacksonville,
FL 32205
BR0504 Broudy Brothers 1/1/93 5 $ 83.68 L DBS 14 2 1 4
198 W. King
Street
St. Augustine,
FL 32084
BU0073 Budgetel Inns 11/1/89 5 $ 35.00 L DBS 1 1
105 Tourist
Drive
Brunswick, GA
31520
BU0093 Clarion Resort 9/1/94 5 $251.50 L DBS 27 6 4 1 5
85 Beachview
Drive
Jekyll Island,
GA 31527
BU0100 Burger King 5/1/94 1 $ 35.00 DBS 6 1 1
2325 SR 16
St. Augustine,
FL 32095
BU0103 Burger King 11/1/95 3 $ 58.25 L DBS 6 1 1
1710 Memorial
Drive
Waycross, GA
31501
BU0107 Burdine's 12/1/92 5 $ 65.00 S DBS 1
3100 SW College
Road
Ocala, FL 32270
BU0110 Budgetel Inns 12/1/89 5 $ 35.00 L 956 1 1
3199 Hartley
Road
Jacksonville,
FL 32257
BU0113 Burger King 8/1/95 3 $ 58.25 L DBS 6 1 1
2733 Glynn
Avenue
Brunswick, GA
31520
BU0114 Buddy 1/1/92 5 $ 71.00 L 956 19 2 2
Hutchinson
Toyota
</TABLE>
Page 25 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5323 Philips
Highway
Jacksonville, FL 32207
BU0120 Buddy 2/1/94 5 $ 58.00 L DBS 6 1 1 1
Hutchinson
Honda/Mazda
2898 US #11
St. Augustine, FL 32086
BU0123 Burger King 11/1/95 3 $ 62.25 L DBS 6 1 1
367 New Jesup
highway
Brunswick, GA 31520
BU0124 Burdine's 11/1/91 5 $ 94.65 S DBS 1
6671 Newbeny Road
Gainesville, FL
32605
BUO133 Burger King 11/1/95 3 $ 58.25 L DBS 6 1 1
4445 Altama Avenue
Brunswick, GA
31520
BU0164 Burger King 1/1/89 5 $ 35.00 L DBS 8 1
US 1 South
St. Augustine, FL 32086
BU0174 Burger King 4/1/93 2 $ 43.84 L 956 1
13180 Atlantic
Boulevard
Jacksonville, FL 32225
BU0274 Burger King 5/1/93 5 $ 50.93 L 956 8 1 1
400 West
Forsyth Street
Jacksonville, FL 32202
BU0314 Burger King 5/1/93 2 $ 43.84 S 956 1
265 Fifth
Avenue North
Jacksonville Bch., FL
32250
BU0400 Burger King 8/1/95 5 $ 59.00 L DBS 11 1 1 4
10 NW 16th Avenue
Gainesville, FL
32601
Burger King 8/1/95 5 $ 59.00 L DBS 1 1 1
3505 Crille Avenue
Palatka, FL
32077
Burger King 8/1/95 5 $59.00 L DBS 7 1 1 4
6123 NW Avenue
Gainesville, FL 32601
</TABLE>
Page 26 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------- ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Burger King 8/1/95 5 $59.00 L DBS 5 1 2 1
Rt. 13, Box 1136
Lake City, FL 32055
Burger King 8/1/95 5 $59.00 L DBS 7 1 1 7
3905 SW Archer Road
Gainesville, FL 32608
Burger King 8/1/95 5 $59.00 L DBS 2 1 1 3
Rt. 1, Box 51
East Palatka, FL 32031
Burger King 8/1/95 5 $59.00 L DBS 13 2 1 4
1542 University Avenue W
Gainesville, FL 32607
Burger King 8/1/95 5 $59.00 L DBS 1 1
433 S. Temple Avenue
Starke, FL 32091
Burger King 8/1/95 5 $59.00 L DBS 10 2 1
1022 NW 22nd Avenue
Chiefland, FL 32626
BU0505 Butler Plaza 1/1/92 5 $45.00 L DBS 26 1 1
3232 SW 35th Blvd. #440
Gainesville, FL 32608
BU0634 Burger King 4/1/93 2 $43.84 S 956 1
250 Monument Road
Jacksonville, FL 32211
BU0644 Burger King 4/1/93 2 $43.84 S 956 1
1201 Atlantic Blvd.
Neptune Beach, FL 32233
BU0714 Burger King 6/1/94 5 $43.84 S 956 1
2717 Main Street
Jacksonville, FL 32203
BU0724 Burger King 6/1/94 5 $43.84 S 956 1
7725 Lem Turner Road
Jacksonville, Florida
32206
BU0734 Burger King 6/1/94 5 $43.84 S 956 1
937 Dunn Avenue
</TABLE>
Page 27 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jacksonville, FL 32218
BU0814 Burger King 1/1/94 5 $43.84 L 956 5 1 1
3768 Beach Blvd.
Jacksonville, FL 32207
BU0824 Burger King 1/1/94 5 $43.84 L 956 5 1 1
5922 Merrill Road
Jacksonville, FL 32211
BU0834 Burger King 1/1/94 5 $43.84 L 956 5 1 1
8669 Baymeadows Road
Jacksonville, FL 32216
BU0844 Burger King 12/1/91 5 $43.84 L 956 1 1
11031 St. Augustine
Road
Jacksonville, FL 32257
BU0890 Burger King 7/1/95 3 $58.25 L DBS 6 1 1
l362 Boone Avenue
Kingsland, GA 31348
BU0914 Burger King 6/1/94 5 $43.84 L 956 7 1 1
1020 King Street
Jacksonville, FL 32204
BU0924 Burger King 6/1/94 5 $43.84 S 956 1
637 Edgewood Avenue N.
Jacksonville, FL 32205
BU0934 Burger King 6/1/94 5 $43.84 S 956 1
6634 Normandy Blvd.
Jacksonville, FL 32205
BU1014 Burger King 9/1/88 5 $43.84 S 956 1
4948 University Blvd. W
Jacksonville, FL 32217
BU1024 Burger King 9/1/88 5 $43.84 S 956 1
5431 Roosevelt Blvd.
Jacksonville, FL 32205
BU1034 Burger King 9/1/88 5 $43.84 S 956 1
10903 San Jose Blvd.
Jacksonville, FL 32217
BU1044 Burger King 11/1/92 1 $43.84 L 956 6 1 1
</TABLE>
Page 28 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
10142 Philips Highway
Jacksonville, FL 32258
BU1114 Burger King 10/1/91 5 $43.84 L 956 1
4408 Blanding Blvd.
Jacksonville, FL 32210
BU1120 Burger King 8/1/95 1 $43.84 L 956 8 1 1 1
14355 Beach Blvd.
Jacksonville Bch., FL 32250
BU1124 Burger King 10/1/91 5 $43.84 L 956 1
2297 Kingsley Avenue
Orange Park, FL 32073
BU1134 Burger King 10/1/91 5 $43.84 L 956 1
7320 103rd Street
Jacksonville, FL 32210
BU1144 Burger King 6/1/93 5 $43.84 L 956 10 1 1 1
7900 Blanding Blvd.
Jacksonville, FL 32244
BU1154 Burger King 8/1/93 5 $43.84 L 956 10 1 1 1
1092 Blanding Blvd.
Orange Park, FL 32073
BU1214 Burger King 9/1/88 5 $43.84 S 956 1
1981 Kings Road
Jacksonville, FL 32209
BU1224 Burger King 9/1/88 5 $43.84 S 956 1
210 E. State Street
Jacksonville, FL 32202
BU1414 Burger King 6/1/94 5 $43.84 L 956 8 1 1
1093 US 310
Baldwin, FL 32234
CA0020 Capt. D's 4/1/90 5 $28.50 L 956 1 1 1
2053 N. Main Street
Jacksonville, FL 32206
CA0030 Capt. D's 9/1/90 5 $28.50 L 956 1 1 1
1318 Dunn Avenue
Jacksonville, FL 32218
</TABLE>
Page 29 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CA0040 Capt. D's 4/1/90 5 $ 28.50 L 956 1 1 1
5640 University
Blvd. W
Jacksonville, FL
32216
CA0050 Capt. D's 4/1/90 5 $ 28.50 L 956 1 1 1
318 Blanding Blvd.
Orange Park, FL
32073
CA0060 Capt. D's 4/1/90 5 $ 28.50 L 956 1 1 1
6550 Normandy Blvd.
Jacksonville, FL
32205
CA0070 Capt. D's 4/1/90 5 $ 28.50 L 956 1 1 1
904 N. Edgewood
Avenue
Jacksonville, FL
32205
CA0080 Capt. D's 4/1/90 5 $ 28.50 L 956 1 1 1
7916 Atlantic Blvd.
Jacksonville, FL
32211
CA0090 Capt. D's 4/1/90 5 $ 28.50 L 956 1 1 1
6740 103rd Street
Jacksonville, FL
32210
CA0110 Capt. D's 4/1/90 5 $ 28.50 L DBS 1 1 1
3610 SW Archer Road
Gainesville, FL
32608
CA0120 Capt. D's 11/1/89 5 $ 28.50 L DBS 6 2 1 4
2728 Sadler Road
Fernandina Beach,
FL 32034
CA0123 Cafe Oglethorpe 2/1/92 5 $100.00 L DBS 1
5445 Frederica Road
St. Simon's
Island, GA 31'122
CA0130 Carlyle & Co 2/1/93 5 $ 50.00 L DBS 5 1 1
10300 Southside
Boulevard
Jacksonville, FL
32225
CA0140 Capt. D's 6/1/90 5 $ 28.50 L DBS 1 1 1
804 S. Walnut
Street
Starke, FL 32091
CA0143 Captain's Table 1/1/88 5 $ 36.00 L DBS 1 1
146 Darien Highway
</TABLE>
Page 30 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Brunswick, GA 31525
CA0150 Capt. D's 11/1/95 3 $ 28.50 L DBS 4 1
161 Altama
Connector
Brunswick, GA 31521
CA0160 Carlyle & Co. 7/1/93 5 $ 50.00 L DBS 5 1 1
9501 Arlington Exp.
Jacksonville, FL
32225
CA0170 Cafe & Caterer's 8/1/93 5 $ 45.00 L DBS 5 1 1
4168 S. Third
Street
Jacksonville Bch.,
FL 32250
CA0180 Carnett 9/1/93 5 $ 45.00 956 1
8505 Bay Center
Road
Jacksonville, FL
32256
CA0190 Capt. Steve's 10/1/95 5 $ 55.00 L DBS 6 1 1
Seafood
1183 Beach Boulevar
Jacksonville Bch.,
FL 32260
CA0300 Casablanca 7/1/94 5 $ 89.00 L DBS 7 1 1
3611 St. Johns
Avenue
Jacksonville, FL
32205
CA0414 Canada Dry 9/1/86 5 $ 71.46 L 956 29 1 1
Bottling Company
6001 Bowdendale
Road
Jacksonville, FL
32245
CA0500 Cabana Club 6/1/95 5 $275.00 L DBS 21 4 2 2
617 Ponte Vedra
Blvd.
Ponte Vedra Bch.,
FL 32082
CA0600 Ethan Allen Home 2/1/92 5 $ 42.25 L 956 25 1 1 2
Interiors
7666 Blanding Blvd.
Jacksonville, FL
32210
CA0750 Caruso Chrysler 7/1/84 2 $ 25.00 L 956 10 9 2 1
Plymouth
1750 Southside
Blvd.
Jacksonvilel, FL
32245
CA0800 Castleton Beverage 4/1/93 3 $ 73.14 L 956 1 1
Corp.
12200 North Main
Street
Jacksonville, FL
32218
CE0140 Central Park Cafe 2/1/95 5 $ 65.00 L DBS 2 1 1
</TABLE>
Page 31 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
4506 Altama Avenue
Brunswick, GA 31520
CE0150 Cellular One 6/1/95 5 $45.00 L DBS 6 1 1
8081 Phillips
Highway #10
Jacksonville, FL
32256
CE0170 Center Street 12/1/95 1 $95.00 L DBS 22 1 1
2500 Atlantic
Avenue
Femandina Beach,
FL 32034
CE0180 Cedar River Seafood 12/1/95 5 $49.00 L DBS 6 1 1
601 N. Kings Road
Callahan, FL 32011
CE0190 Cedar River Seafood 12/1/95 5 $49.00 L DBS 6 1 1
2475-1 Blanding
Blvd.
Middleburg, FL
32068
CE0207 Certified Grocers 11/1/92 5 $48.00 S 956 1
8305 SE 58th Avenue
Ocala, FL 34480
CE0800 Franklin Mortgage 6/1/94 5 $42.00 L DBS 1
Company
6700 Southpoint
Parkway #500
Jacksonville, FL
3216
CH0110 Charneco Skin Care 4/1/91 5 $41.00 L 956 6 1 1
Center
1801 Barrss Street
#615
Jacksonville, FL
32204
CH0120 Chuck Wagon 4/1/93 5 $77.50 L DBS 10 2 1 1
3483 SW Williston
Road
Gainesville, FL
32608
CH0214 Champion Crafts 1/1/94 5 $81.00 L 956 30 1 1 13 C's
9750 Regency
Square Blvd.
Jacksonville, FL
32225
CH0306 Cha Cha's 5/1/92 5 $55.00 L 10 1 tape mach.
9551 Baymeadows
Road
Jacksonville, FL
32216
CH0400 China House 9/1/92 5 $36.27 L 956 6 1 1
Restaurant
1540 Atlantic Blvd.
Jacksonville, FL 32207
</TABLE>
Page 32 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CH0410 Chase Manhattan 9/1/92 5 $ 41.50 L DBS 1
Mortgage
9485 Regency Square
#205
Jacksonville, FL
32225
CI0107 Citizens First Bank 11/1/92 5 $ 45.00 S 956 1
3033 SW College Road
Ocala, FL 34474
CI0170 CNB National Bank 1/1/94 5 $ 50.00 L DBS 5 1 1
205 White Avenue SE
Live Oak, FL 32060
CI0200 Citizens Bank 7/1/93 5 $105.00 L DBS 30 1 1 1
MacClenny
32 5th Street W
MacClenny, FL 32063
CI0210 Citizens Bank 7/1/93 5 $ 78.50 L DBS 12 1 2
SR#121
MacClenny, FL 32063
CI0300 Citizens Bank 8/1/94 5 $ 45.90 L 956 12 1 1
930 University
Blvd. N.
Jacksonville, FL
32211
CI0307 Citizens First Bank 11/1/92 5 $ 45.00 S 956 1
1025 E. Silver
Springs Blvd.
Ocala, FL 34470
CL0094 Clark's Fish Camp 1/1/96 5 $ 98.00 L 956 32 6 4 1
12903 Hood Landing
Jacksonville, FL
32223
CL0100 Caude Nolan Cadillac 3/1/93 5 $ 65.45 S 956 1 Maint.
4700 Southside Blvd.
Jacksonville, FL
32216
CL0105 Clock Restaurant 12/1/92 5 $ 40.00 L DBS 6 1 1
2010 N. Main Street
Gainesville, FL
32601
CL0107 Clock Restaurant 12/1/92 5 $ 40.00 L 956 1 1
3612 Abshire Blvd.
Belleview, FL 32620
CL0114 Clairson 2/1/93 5 $ 45.00 L 956 1
International
650 SW 27th Avenue
</TABLE>
Page 33 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ocala, FL 34420
CL0124 Clairson 2/1/93 5 $ 45.00 L 956 1
International
720 SW 17th
Street
Ocala, FL 34470
CL0150 Clay County Bank 12/1/91 5 $ 64.35 L 956 18 1 1 1
794 Blanding
Blvd.
Orange Park, FL
32067
CL0220 Cloth World #12 10/1/91 5 $ 39.06 S 956 1
3636 Blanding
Blvd.
Jacksonville, FL
32210
Cloth World #97 10/1/91 5 $ 39.06 S 956 1
4117 NW 16th
Blvd.
Gainesville, FL
32601
Cloth World #29 10/1/91 5 $ 39.06 S 956 1
1010 Arlington
Road
Jacksonville, FL
32210
Cloth World #537 10/1/91 5 $ 39.06 S 956 1
1634 University
Blvd. W.
Jacksonville, FL
32217
Cloth World #407 10/1/91 5 $ 39.06 S 956 1
311 Blanding
Blvd.
Orange Park, FL
32073
Cloth World #413 10/1/91 5 $ 44.07 S 956 1
10991-21 San
Jose Blvd.
Jacksonville, FL
32217
Cloth World #244 10/1/91 5 $ 39.06 S 956 1
3442 E. Silver
Springs Blvd.
Ocala, FL 34470
CL0250 Clerk Circuit 8/1/93 5 $ 65.00 S 956 2
Court - Clay
County
P.O. Box 698
Green Cove
Springs, FL
32043
CL0310 Clock Restaurant 12/1/92 5 $ 40.00 L DBS 5 1 1 1
3743 Reid Street
Palatka, FL
32077
CL0230 Clock Restaurant 12/1/92 5 $ 40.00 L 956 5 1 1 2
</TABLE>
Page 34 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5306 N. Main
Street
Jacksonville,
FL 32208
CN0120 CNB National 5/1/95 5 $ 58.45 L DBS 8 1 1
Bank
606 West Madison
Starke, FL 32091
CN0130 CNB National 5/1/95 5 $ 61.45 L DBS 10 1 1
Bank
145 W. Baya
Avenue
Lake City, FL
32055
CN0140 CNB National 5/1/95 5 $ 53.00 L DBS 6 1 1
Bank
1562 S. Ohio
Avenue
Live Oak,FL
32060
CO0034 Coggin Acura 11/1/95 5 $ 95.00 L DBS 1
7600 Blanding
Blvd.
Jacksonville,
FL 32244
CO0044 Coggin Nissan 1/1/88 5 $ 55.00 L 956 1 1
10600 Atlantic
Blvd.
Jacksonville,
FL 32225
CO0063/1 Coastal Bank 1/1/92 5 $ 49.50 S DBS 1
1500 New Castle
Street
Brunswick, GA
31520
CO0063/2 Coastal Bank of 1/1/94 5 $ 53.50 L DBS 12 1 1
Georgia
4501 Altama
Avenue
Brunswick, GA
31520
CO0063/3 Coastal Bank of 1/1/91 5 $ 45.00 L DBS 6 1 1
Georgia
1625 Frederica
Road
St. Simon's
Island, GA 31521
CO0063/4 Coastal Bank of 1/1/91 5 $ 38.50 L DBS 1
Georgia
529 Beachview
Drive
St. Simon's
Island, GA 31522
CO0063/6 Coastal Bank of 1/1/91 5 $ 48.40 L DBS 12 1 1
Georgia
2601 Osborne
Street
St. Mary's, GA
31558
CO0100 Coggin Pontiac 8/1/94 5 $182.00 L 956 21 10 5 2 4 messages
9201 Atlantic
Blvd.
Jacksonville, FL 32211
</TABLE>
Page 35 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CO0103 Dan Vaden 10/1/93 5 $ 98.00 L DBS 26 7 3 1
Chevrolet/Olds
1004 Gloucester
Street
Brunswick, GA 31520
CO0108 Construction 3/1/94 5 $ 45.00 S DBS 1
Bookstore
1830 NE 2nd Street
Gainesville, FL 32609
CO0110 Computer City 11/1/95 3 $ 50.00 S DBS 1
9041 Southside Blvd.
#118
Jacksonville, FL
32258
CO0113 Comfort 8/1/93 5 $240.00 L DBS 25 5 2
Inn/Denny's/Sleep Inn
490 New Jesup Highway
Brunswick, GA 31520
CO0120 Coggin Honda 5/1/93 5 $ 84.75 L 956 3 4 1 1
9401 Atlantic Blvd.
Jacksonville, FL
32211
CO0123 Comfort Inn 3/1/95 5 $186.50 L DBS 34 4 3 1 2
711 Beachview Drive
Jekyll Island, GA
31520
C00130 SunBank of Volusia 11/1/92 5 $ 45.00 L DBS 4 1 1
205 North Central
Avenue
Flagler Beach, FL
32036
CO0140 Computer Power 12/1/94 5 $180.00 L DBS 1585 7 1 12 EQ
661 Riverside Avenue 12 mixers
Jacksonville, FL
32204
CO0150 Compumedia 9/1/95 5 $ 45.00 L 956 6 1 1
2100 Corporate Sq.
Blvd. #101
Jacksonville, FL
32216
CO0154 Community First Bank 4/1/91 5 $ 55.00 L 956 4 1 1
10304 San Jose Blvd.
Jacksonville, FL
32211
CO0160 Comp USA 4/1/94 3 $ 45.00 S 956 1
9244 Ariington
Expressway
Jacksonville, FL
32225
CO0170 Columbia House 4/1/93 3 $ 75.00 S 956 1 tapes
Restaurant
98 St. George Street
</TABLE>
Page 36 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
St. Augustine, FL
32084
CO0180 CB Commercial Real 7/15/84 5 $ 59.29 L 956 9 1 1
Estate
121 W. Forsyth Street
#100
Jacksonville, FL 32202
CO0190 CNB National Bank 1/1/94 5 $ 55.00 L DBS 4 1 1
US Highway 27
Ft. White, FL 32038
CO0200 Columbia County Bank 10/1/91 5 $ 88.63 L DBS 20 1 1
127 W. Hillsborough
Avenue
Lake City, FL 32055
CO0210 Coach 9/1/95 5 $ 52.00 L DBS 1
One Coach Way
Jacksonville, FL 32229
CO0220 Corbel and Company 9/1/95 5 $150.00 L DBS 71 2 1
1660 Prudential Drive
Jacksonville, FL 32207
CO0230 Courson's 3/1/93 5 $ 51.00 S DBS 1
Highway 341 North
Hazelhurst, GA 31539
CO0250 Anderson Columbia Co. 11/1/91 5 $ 30.50 L DBS 1 1 Maint.
Guerdon Road
Lake City, FL 32056
CO0290 CNB National Bank 1/1/94 5 $ 53.00 L 956 6 1 1
595 S. 6th Street
MacClenny, FL 32063
CO0306 Cowboy's Restaurant 2/1/88 5 $ 75.00 L 17 3 1 tape
299 Dondanville Road
St. Augustine, FL
32084
CO0320 Community Savings Bank 2/1/90 5 $ 57.75 L 956 10 1 1
299 Monument Road
Jacksonville, FL 32211
CO0340 CNB National Bank 1/1/94 5 $ 70.70 L DBS 23 1 1
201 Marion Street
Lake City, FL 32055
CO0350 Community Saving Bank 12/1/91 5 $ 65.45 L 956 8 1 1
</TABLE>
Page 37 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3740 Beach Blvd.
#101
Jacksonville,FL
32207
CO0364 Community S&L Bldg. 2/1/90 5 $ 69.40 L 956 5 1 1
33 S. Hogan Street
Jacksonville, FL
32202
CO0370 Community Savings 4/1/90 5 $ 60.50 L 956 8 1 1
Bank
226-8 Solano Road
Ponte Vedra
Bch.,FL 32082
CO0380 Computer Power 6/1/95 5 $140.00 L 956 38 2 1 Maint.
661 Riverside
Avenue
Jacksonville,FL
32205
CO0400 Conrad Hawkins 10/1/94 5 $265.00 L DBS 31 17 4 2
Chevrolet
10880 Philips 956
Highway
Jacksonville, FL
32256
CO0410 ComputerPower 7/1/91 5 $115.00 L 956 80 1 1
751 Riverside
Avenue
Jacksonville, FL
32203
CO0420 Computer Power 12/1/92 5 $125.00 L 956 40 2 1
645 Riverside
Avenue
Jacksonville, FL
32203
CO0440 Comfort Suites 10/1/93 5 $ 78.50 L 956 7 1 1
Hotel
8333 Dix Ellis
Trail
Jacksonville, FL
32216
CO0600 Coopers & Lybrand 7/1/92 5 $135.00 L DBS 38 1 1
50 North Laura
Street #3000
Jacksonville, FL
32202
CO0700 Cove Restaurant 10/1/94 5 $338.50 L DBS 78 8 1 4 tape
2500 Beach
Boulevard
Jacksonville, FL
32240
CR0108 Crabpot 5/1/94 5 $ 82.50 L 16 2 2 paging
12 North only
Oceanfront Drive
Jacksonville Bch.,
FL 32250
CR0113 Crab Trap 6/1/90 5 $ 38.50 L DBS 1 1
Restaurant
1209 Ocean Blvd.
St. Simon's Island, GA 31522
</TABLE>
Page 38 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CR0120 Crowley-Maritime 1/1/94 5 $699.00 L DBS 589 6 1
9487 Regency
Square Blvd.
Jacksonville, FL
32225
CR0120 Crowley 6/1/87 5 $ 50.82 L 956 7 1 1
Maritime-Marine
Op.
1163 Tallyrand
Road
Jacksonville, FL
32203
CR0123 Crabdaddy's 6/1/90 5 $ 85.00 L DBS 6 1 1 1
1217 Ocean Blvd.
St. Simon's
Island, GA 31522
CR0140 Crafts and Stuff 10/1/94 5 $ 65.00 L DBS 25 1 1 1
6915 NW 4th Blvd.
Gainesville, FL
32607
CR0144 Creative 1/1/95 5 $ 39.50 L 956 9 1 2
Management
Services
400 Riverside
Avenue
Jacksonville, FL
32204
CR0510 Crossroads Center 10/1/92 2 $ 74.25 L 956 17 1 1
10550 St.
Augustine Road
Jacksonville, FL
32245
CS0120 BTI 2/1/95 5 $245.00 L 956 196 4 2 3
6420 Southpoint
Parkway
Jacksonville, FL
32216
CS0140 CSX Transportation 1/1/94 5 $215.00 L DBS 182 4 1 2 1 yr
6737 Southpoint renewal
Dr.S
Jacksonville, FL
32216
CU0200 Cuco's 4/1/93 5 $115.00 L DBS 11 2 1
Two Independent
Drive
Jacksonville, FL
32202
CY0108 Cybernetics & 1/1/92 5 $ 29.70 L 3 1 Paging only
Systems
550 Water Street
Jacksonville, FL
32202
CY0110 Cybernetics & 1/1/92 5 $116.76 L 956 49 1 1
Systems
550 Water Street
Jacksonville, FL
32202
CY0130 Cybernetics & 1/1/92 5 $146.90 L 956 58 1 2
Systems
550 Water Street
</TABLE>
Page 39 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jacksonville, FL
32202
CY0140 CSX 1/1/92 5 $372.79 L 956 170 2 1
550 Water Street
Jacksonville, FL
32202
CY0160 Cybernetics & Systems 1/1/92 5 $98.45 L 28 1 1
550 Water Street
Jacksonville, FL
32202
DA0114 Dairy Queen 7/1/90 5 $44.00 L DBS 9 1 1
100 San Marco Avenue
St. Augustine, FL
32084
DA0120 Dairy Queen 11/1/91 5 $45.00 L DBS 1 1
1101 N. Temple Avenue
Starke, FL 32091
DA0130 Dairy Queen 1/1/94 5 $46.00 L DBS 1 1
2218 Norwich Street
Brunswick, GA 31520
DA0133 Dairy Queen 6/1/92 5 $46.00 L DBS 3 1 1
4435 Altama Avenue
Brunswick, GA 31520
DA0140 Dairy Queen 7/1/95 5 $58.00 L DBS 7 2 1 1
501 Mallory
St. Simon's Island,
GA 31520
DA0150 Danny Sullivan Lexus 1/1/94 5 $99.00 L DBS 27 4 2 1
10259 Atlantic Blvd.
Jacksonville, FL
32211
DA0153 Damon's 7/1/92 5 $90.00 L DBS 26 1 1
2463 Demere Road #102
St. Simon's Island,
Ga 31522
DA0310 Daily Discount Drug 1/1/94 5 $46.75 L 956 15 1 1
Store
1030 N. Arlington
Road
Jacksonville, FL
32211
DA0400 Data Plans Inc. 8/1/93 1 $67.00 L 956 28 1
6620 Southpoint Dr.
S #610
Jacksonville, FL
32216
DA0404 Days Inn 8/1/90 5 $69.83 L 956 21 1 3 1
</TABLE>
Page 40 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1057 Broward Road
Jacksonville,FL 32218
DA0600 Days Inn 12/1/91 5 $ 44.00 L 956 5 6 2 1
2800 Ponce DeLeon
Blvd.
St. Augustine, FL
32084
DE0100 Deerwood Club 11/1/94 5 $295.00 L DBS 48 7 1
10239 Golf Club Drive
Jacksonville, FL 32216
DE0107 Denny's 11/1/92 5 $ 34.03 S 956 1
3805 SW Broadway
Ocala, FL 34475
DE0110 Denny's Restaurant 6/1/92 5 $ 42.50 L DBS 1 1
7 Kings Way
Palm Coast, FL 32137
DE0120 Denny's 9/1/93 5 $ 38.50 L DBS 1 1
1250 W. University
Avenue
Gainesville, FL 32601
DE0150 Deercreek Country Club 10/1/95 5 $ 85.00 L 956 4 2
7816 McLaurin Road N.
Jacksonville, FL 32256
DE0180 Dexter Shoes #76 4/1/94 3 $ 60.00 L DBS 1
2700 SR 16 #508
St. Augustine, FL
32092
DE0300 Denny's 8/1/89 5 $ 34.03 L 956 1
8409 Blanding Blvd.
Jacksonville, FL 32244
Denny's 8/1/89 5 $ 34.03 L 956 1
5941 Ramona Blvd.
Jacksonville, FL 32205
Denny's 8/1/89 5 $ 34.03 L 956 1
8215 Dix Ellis Trail
Jacksonville, FL 32256
Denny's 8/1/89 5 $ 34.03 L 956 1
2455 SR #16
</TABLE>
Page 41 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
St. Augustine, FL
32084
Denny's 8/1/89 5 $34.03 L 956 1
14697 Duval Road
Jacksonville, FL 32218
Denny's 8/1/89 5 $34.03 L 956 1
10445 Atlantic Blvd.
Jacksonville, FL 32225
Denny's 8/1/89 5 $34.03 L 956 1
11250 St. Augustine Road
Jacksonville, FL 32257
DI0110 Dillards 11/1/91 5 $ 85.00 S DBS 1
10300 Southside Blvd.
Jacksonville, FL 32256
DO0104 Island Chevrolet 5/1/95 5 $ 77.25 L DBS 14 3 1 1
Sadler Rd @ 14th Street
Fernandina Beach, FL 32034
DO0108 Dolphin Restaurant 1/1/94 5 $ 40.00 L Tape 10 1 stand by
9507 sys
Marineland, FL 32086
DO0140 Double Tree Hotel 7/1/95 1 $ 50.00 L DBS 1 1
4700 Salisbury Road
Jacksonville, FL 32256
DR0400 Dr. Gary Dopson 11/1/91 5 $ 48.40 L DBS 1 1
32 South 5th Street
MacClenny, FL 32063
DR0050 Driltech, Inc. 12/1/93 3 $175.00 L DBS 5 1
SR #235
Alachua, FL 32615
DR0120 Westport, LTD 9/1/94 5 $ 42.00 L DBS 1 1
2700 SR 16 #307A
St. Augustine, FL 32092
DR0130 Dress Barn 3/1/98 5 $ 26.50 L DBS 1
One Magnolia Bluff Way
Darien, GA 31305
DR-140 Westport, LTD 3/1/93 5 $ 42.00 L DBS 1 1
Page 42 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L'S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2117SW Highway #484
Ocala, FL 34473
DS0100 DSI Forms 9/1/93 5 $84.70 L DBS 21 3 1 1
Rt. 2, Box 971
Palatka, FL 32077
DU1100 Duval Motor Company 5/1/95 5 $164.31 L DBS 35 10 3 1
1616 Cassat Avenue
Jacksonville, FL 32210
EA0140 Eagle Harbor Golf 12/1/95 5 $59.00 L DBS 1
Clubhouse
2217 Eagle Harbor
Parkway
Orange Park,FL 32083
ED0100 Ed Fraser Memorial 3/1/92 5 $116.44 L DBS 69 2 1
Hospital
159 N. Third Street
MacClenny, FL 32063
ED0110 Educational Community 1/1/92 5 $51.00 L 956 6 1 1
Credit Union
2177 Kingsley Avenue
Orange Park, FL 32073
ED0120 Educational Community 4/1/95 5 $52.00 L 956 7 1 1
Credit Union
1451 5. Third Street
Jacksonville Bch., FL
32250
ED0140 Educational Community 1/1/94 5 $51.00 L 956 6 1 1
Credit Union
2777 University Blvd. W
Jacksonville, FL 32207
ED0500 Educational Community 4/1/92 5 $60.63 L 956 8 1 1
Credit Union
1623 Edgewood Avenue
Jacksonville, FL 32208
ED0600 Educational Community 1/1/94 5 $122.25 L 956 33 2 1
Credit Union
623 Main Street
Jacksonville, FL 32208
EI0200 1878 Steakhouse 5/1/95 5 $70.00 L DBS 17 2 1
12 North Second Street
Fernandina Bch., FL
32034
EN0303 Endicott 12/1/90 5 $53.82 L DBS 7 1 1
Buick-Cadillac
2304 Glynn Avenue
Brunswick, GA 31521
Page 43 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EN0510 Enterprise National 9/1/87 5 $65.45 L 956 11 1 1
Bank
4190 Belfort Road #100
Jacksonville,FL 32216
EP0104 Epping Forest Yacht 12/1/94 5 $225.00 L DBS 2 Cassette dk
Club Maint.
1830 Epping Forest
Drive
Jacksonville, FL 32217
ES0106 Glynn Place Carousel 10/1/90 5 $40.00 L Maint.
100 Mall Boulevard Tape mach
Brunswick, GA 31520
ET0120 Ethan Allen Home 3/1/95 5 $52.26 L DBS 21 2 1
Interiors
10452 Phillips Highway
Jacksonville, FL 32256
EU0100 Euro Pines Imports 12/1/95 5 $35.00 L 956 6 1 2
11112-5 San Jose Blvd.
Jacksonville, FL 32257
FA0030 Family Practice 1/1/92 5 $65.00 S 956 1
Association
1594 Kingsley Avenue
Orange Park, FL 32073
FA0104 Lee's Famous Chicken 11/1/95 5 $45.00 L 956 1 2 1 1 2
1338 Dunn Avenue
Jacksonville, FL 32218
FA0106 Fazoli's/Seed 11/1/92 5 $45.00 L 1 Tape mach
Restaurant
2594 SW College Road
Ocala, FL 34474
FA0107 Famous Footwear 5/1/93 5 $43.00 L 956 5 1 1
2701 SW College Road
Ocala, FL 34474
FA0114 Famous Footwear 2/1/91 5 $43.00 L 956 10 1 1
11111 San Jose Blvd.
Jacksonville, FL 32223
FA0117 Famous Footwear 5/1/93 5 $43.00 L 956 5 1 1
213 US 484 #2141
Ocala, FL 32273
FA0120 Famous Footwear 8/1/95 5 $45.00 L DBS 5 1 1
One Magnolia Bluff
Page 44 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Darien, GA 31305
FA0124 Famous Footwear 7/1/91 5 $43.00 L 956 10 1 1
9400 Atlantic Blvd.
Jacksonville, FL 32225
FA0130 Famous Footwear 12/1/90 5 $43.00 L DBS 10 1 1
2700 SR 16 #315
St. Augustine, FL
32092
FA0140 Famous Footwear 7/1/91 5 $43.00 S DBS
3001 Scarlett Drive
Brunswick, GA 31520
FA0144 Famous Footwear 7/1/91 5 $43.00 S 956 1
6001-34 Argyle Forest
Blvd.
Jacksonville, FL 32244
FA0160 Fast Food 12/1/95 5 $45.00 L 956 1
Merchandisers
2096 Dennis Street
Jacksonville, FL 32204
FA0207 Lee's Famous Chicken 11/1/92 5 $45.00 L 956 1 2
2303 E. Silver
Springs Blvd.
Ocala, FL 34470
FE0120 Dr. Thomas Ferrell 1/1/95 5 $35.00 L DBS 1 1
1208 Alice Street
Waycross, GA 31501
FI0100 First Coast Bar & 12/1/90 5 $40.00 S DBS
Grille
2400 Yankee Clipper Drive #206
Jacksonville, FL 32218
FI0105 Barnett Bank 1/1/92 5 $69.60 L DBS 24 1 1 1
1116 University
Avenue W
Gainesville, FL 32602
FI0107 Fiddlestik 11/1/92 5 $42.50 L DBS 1 1
1016 SE Third Avenue
Ocala, FL 34471
FI0110 First Street Grille 1/1/94 5 $77.50 L DBS 7 1 1
807 North First Street
Jacksonville Bch., FL
32250
FI0115 McGuren Investments 9/1/91 5 $45.00 L DBS 4 1 1
Page 45 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
104 North Main Street
Gainesville, FL 32601
FI0180 South Trust Bank 6/1/91 5 $41.00 L 956 3 1 1
4343 Roosevelt Blvd.
Jacksonville, FL 32210
FI0200 South Trust Bank 9/1/90 5 $62.65 L 956 18 1 1
6477 103rd Street
Jacksonville, FL 32210
FI0210 First National Bank 3/1/95 5 $55.00 L DBS 6 1 1
State Road #40
Kingsland, GA 31548
FI0303 First Federal Savings 12/1/92 5 $49.00 L DBS 4 1 1
Bank
621 Ocean Blvd.
St. Simon's Island, GA
FI0313 First Federal Savings 12/1/92 5 $49.00 L DBS 5 1 1
Bank
1600 Frederica Road
St. Simon's
Island, GA
FI0315 First National Bank 12/1/91 5 $48.40 L DBS 6 1 1
Alachua
6360 NW 13th Street
Gainesville, FL 32615
FI0315 First National Bank 12/1/91 5 $48.40 DBS 7 1 1
Alachua
US #441 & N. Main
Alachua,FL 32615
FI0323 First Federal Savings 12/1/92 5 $77.00 L DBS 39 1 1
Bank
777 Gloucester Street
Brunswick, GA 31520
FI0333 First Federal Savings 12/1/92 5 $49.00 L DBS 6 1 1
Bank
4401 Altama Avenue
Brunswick, GA 31520
FI0413 First Bank of 12/1/90 5 $49.00 L DBS 6 1 1
Brunswick
2812 Cypress Mill Road
Brunswick, GA 31521
FI0343 First Federal Savings 12/1/92 5 $49.00 L DBS 6 1 1
Bank
167 Altama Connector
Brunswick, GA 31520
Page 46 of 181
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L'S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FI0414 Fiore Chiropractic 7/1/92 5 $45.00 S DBS 1
Office
637 Blanding Blvd. #3
Orange Park, FL 32073
FI0800 First Guaranty Bank & 6/1/92 1 $61.00 L 956 10 1 1
Trust
1234 Kings Street
Jacksonville, FL 32203
FI0813 First National Bank 3/1/95 5 $45.00 L DBS 1 1
2509 Osborne Road
St. Mary's, GA 31558
FI1060 Barnett Bank 1/1/94 5 $85.00 L DBS 25 1 1
201 S. Ohio Avenue
Live Oak, FL 32060
FI1100 First Guaranty Bank & 10/1/86 5 $73.97 L 956 22 1 1
Trust
800 May Street
Jacksonville, FL 32203
FI1200 First Trust Savings 9/1/91 5 $44.00 L 956 7 1 1
Bank
10601-36 San Jose
Blvd.
Jacksonville, FL 32257
FL0100 SunState Federal 2/1/94 5 $59.25 L 956 6 1 1
Credit Union
4123 NW 16th Avenue
Gainesville, FL 32606
FL0105 Florida Farm Bureau 8/1/95 5 $365.37 L DBS 319 5 1
5700 SW 34th Street
Gainesville, FL 32614
FL0110 SunState Federal 2/1/94 5 $54.50 L DBS 8 1 1
Credit Union
2735 Highway 90 West
Lake City, FL 32055
FL0114 Florida Surgical 8/1/93 5 $80.00 L DBS 1 1
Center
2001 SW 13th Street
Gainesville, FL 32608
FL0150 Florida Telco Credit 6/1/94 5 $60.00 L 956 12 1 1
Union
7870 Baymeadows Way
Jacksonville, FL 32256
FL1200 Florida Supplies & 12/1/95 5 $55.00 L DBS 10 1 1
Solutions
5730 Bowden Road #107
Page 47 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jacksonville, FL 32207
FL1300 FCCJ 7/1/92 5 $90.75 S 956 1 Maint.
501 State Street
Jacksonville, FL 32202
FL1500 Florida Publishing 7/1/81 5 $210.72 S 956 1 Maint.
Company
One Riverside Avenue
Jacksonville, FL 32202
FL1600 Florida School Book Depository 12/1/91 5 $52.35 L 956 9 1 1 1
First & Ellis Street
Jacksonville, FL 32236
FL1700 Florida Windstorm Underwriter 12/1/94 5 $286.00 L DBS 70 6 1
7077 Bonneval Road
#500
Jacksonville, FL 32216
FL1904 Florida Telco Credit 2/1/94 5 $60.00 L 956 13 1 1
Union
101 Bell Tell Way
Jacksonville, FL 32216
FL1950 SunState Federal 2/1/94 5 $65.75 L DBS 9 1 1
Credit Union
405 SE 2nd Place
Gainesville, FL 32602
FL2000 Florida Yacht Club 12/1/67 5 $64.70 S 956 1 Maint.
5210 Yacht Club Drive
Jacksonville, FL 32210
FO0100 Dr. Enio Fontanelli 1/1/92 5 $34.29 L 956 2 1
580 W. 8th Street
Jacksonville, FL 32209
FO0107 Food Lion #678 9/1/93 5 $35.00 L DBS 1 1
4901 E. Silver
Springs Blvd.
Ocala, FL 34470
FO0110 Food Ranch Stores 6/1/92 5 $64.00 L DBS 6 1 1
US27 & SR318
Williston, FL 32696
FO0140 Foundation Health 11/1/95 $80.00 S DBS Mes. on hold
4090 Belfort Road #300 renewal for
Jacksonville, FL 32216 mos after 2
years.
Page 48 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FL0160 Food Ranch 9/1/91 5 $55.00 S DBS 1
40 US 19 North
Inglis, FL 34449
FO0200 Foodland of Lake City 10/1/91 5 $85.00 L DBS 22 1 1 1 6
#7292
2016 Duval @US90
Lake City, FL 32055
FO0404 Foodland of Lake City 12/1/91 5 $77.50 L DBS 15 3 1 1 1 tapes
#7291
1701 S. First Street
Lake City, FL 32055
FO0700/1 Food Lion 9/1/93 5 $35.00 S DBS 1
5711 Altama Avenue
Brunswick, GA 31520
FO0700/2 Food Lion 9/1/93 5 $35.00 S DBS 1
814 Jarman Street
Hazelhurst, GA 31539
FO0700/3 Food Lion 9/1/93 5 $35.00 S DBS 1
7900 103rd Street
Jacksonville, FL 32210
FO0700/4 Food Lion 9/1/93 5 $35.00 L DBS 1 1
7200 Normandy Blvd.
Jacksonville, FL 32205
FO070015 Food Lion 9/1/93 5 $35.00 S DBS 1
10550 St. Augustine
Road
Jacksonville, FL 32217
FO0700/6 Food Lion 9/1/93 5 $35.00 S DBS 1
1870 Wells Road
Orange Park, FL 32073
FO0700/7 Food Lion 9/1/93 5 $35.00 S DBS 1
955 South First Street
Jesup, GA 31545
FO0700/8 Food Lion 9/1/93 5 $35.00 S DBS 1
6855 Wilson Blvd. #23
Jacksonville, FL 32210
FO0700/9 Food Lion 9/1/93 5 $35.00 L DBS 1 1
2132 Sadler Road
Page 49 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Femandina Beach, FL
32034
FO0700/12 Food Lion 9/1/93 5 $35.00 S DBS 1
3851 Emerson Street
Jacksonville, FL 32207
FO0100/13 Food Lion 9/1/93 5 $35.00 S DBS 1
1340 South 6th Street
MacClenny, FL 32063
FO0700/15 Food Lion 9/1/93 5 $35.00 S DBS 1
4100 NW 22nd Drive
Gainesville, FL 32601
FO0700/16 Food Lion 9/1/93 5 $35.00 S DBS 1
654 Atlantic Blvd.
Neptune Beach, FL
32233
FO0700/17 Food Lion 9/1/93 5 $35.00 S DBS 1
1680 Dunn Avenue
Jacksonville, FL 32218
FO0700/18 Food Lion 9/1/93 5 $35.00 S DBS 1
700-1 5. Blanding
Blvd.
Orange Park, FL 32065
FO0700/19 Food Lion 9/1/93 5 $35.00 S DBS 1
445 SR #13 North
Fruit Cove, FL 32223
FO0700/20 Food Lion 9/1/93 5 $35.00 S DBS
701 Mayport Crossing
Blvd.
Atlanatic Bch., FL
23322
FO0700/21 Food Lion 9/1/93 5 $35.00 S DBS 1
2714 Osborne Road
St. Mary's, GA 31558
FO0700/22 Food Lion 9/1/93 5 $35.00 S DBS 1
2485 Monument Road
Jacksonville, FL 32211
FO0700/23 Food Lion 9/1/93 5 $35.00 S DBS
701 Riverside Avenue
Waycross, GA 31501
FO0700 Food Lion 9/1/93 5 $35.00 S DBS 1
Page 50 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1429 N. Ohio Avenue
Live Oak, FL 32060
FO0700/26 Food Lion 9/1/93 5 $35.00 S DBS 1
1463 S.Walnut Street
Starke, FL 32091
FO0700/27 Food Lion 9/1/93 5 $35.00 S DBS 1
8011 Merrill Road
Jacksonville, FL 32211
FO0700/29 Food Lion 9/1/93 5 $35.00 S DBS 1
Cole Road & Highway 90
Lake City, FL 32055
FO0700/30 Food Lion 9/1/93 5 $35.00 S DBS 1
2500 Moody Blvd.
Flager Beach,FL 32036
FO0700/32 Food Lion 9/1/93 5 $35.00 S DBS 1
2469 US #1 South
St. Augustine, FL
32086
FO070/33 Food Lion 9/1/93 5 $35.00 S DBS 1
5751 Main Street
Jacksonville, FL 3208
FO0700/34 Food Lion 9/1/93 5 $35.00 S DBS 1
3540 US #17
Green Cove Springs, FL 32043
FO0700/35 Food Lion 9/1/93 5 $35.00 S DBS 1
4054 5. Third Street
Jacksonville Bch., FL
32250
FO0700/36 Food Lion 9/1/93 5 $35.00 S DBS 1
966 Arlington Road
Jacksonville, FL 32211
FO0700/37 Food Lion 9/1/93 5 $35.00 S DBS 1
280 Martin L. King
Blvd. W
Alachua, FL 32615
FO0700/38 Food Lion 9/1/93 5 $35.00 S DBS 1
8595 Beach Blvd.
Jacksonville, FL 32216
Page 51 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L'S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FO0700/39 Food Lion 9/1/93 5 $35.00 S DBS 1
9550 Baymeadows Road
Jacksonville, FL 32256
FO0700/40 Food Lion 9/1/93 5 $35.00 S DBS 1
8299-21 W. Beaver St.
Marietta, FL 32817
FO0700/41 Food Lion 9/1/93 5 $35.00 S DBS 1
11223 N. Williams
Street
Dunnellon, FL 32630
FO0700/42 Food Lion 9/1/93 5 $35.00 S DBS 1
SR21 (S)43rd Lane
Keystone Heights, FL
326'6
FL0700/43 Food Lion 9/1/93 5 $35.00 L DBS 1
2302 SE Hawthorne Road
Gainesville, FL 32601
FR0l00 Frank Griffin 7/1/93 5 $65.00 L 956 9 7 2 1
Volkswagen,
5735 Philips Highway
Jacksonville, FL 32216
FR0103 Frederica House 4/1/94 5 $65.00 L DBS 5 1 1
Restaurart
3611 Frederica Road
St. Simon's Island,
GA 31522
FR0107 Friendship Ctr Merchants 12/1/94 5 $84.50 L DBS 18 1 1 Mess. Rep.
Assoc.
8441 SR 200 SW#113
Ocala, FL 34481
FR0114 Frank Griffin Chrysler/ 10/1/92 5 $52.50 S 956 3 1 1 1
Plymouth
1515 Wells Road
Orange Park, FL 32073
FR0120 Franson, Aldridge & 7/1/94 5 $98.75 L DBS 41 1 1
Sands
1551 Atlantic Blvd.
Jacksonville, FL 32247
FR0144 Frederick's of 7/1/92 5 $37.50 L 956 2 1 1
Hollywood
9501 Arlington Expwy #11 7A
Jacksonville, FL 32211
FR0154 Frederick's of 9/1/92 5 $37.50 L 956 2 1 1
Hollywood
1910 Wells Road
Page 52 of 181
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Orange Park, FL 32073
FT0107 Ft. McCoy Grocery 1/1/01 - $50.00 no contract
14779 NE Corner
Ft. Mccoy, FL 32134
FU0104 Furniture Country USA 1/1/93 5 $60.00 L DBS 10 1 1
4148 NW 13th Street
Gainesville, FL 32601
FU0204 Orange Park Discount 10/1/93 5 $50.00 L 956 13 1 1 2
Furniture
1329 Park Avenue
Orange Park, FL 32073
GA0108 Gainesville Regional $44.00 no contract
Utilities Messages 0
301 SE 4th Avenue
Gainesville, FL 32614
GA0110 G&HFoods 10/1/91 5 $73.00 L DBS 13 1 1 2
1207 W. Duval Street
Lake City,FL 32055
GA0l20 Gainesville Ale House 12/1/93 5 $75.00 S DBS 1
3950 SW Archer Road
Gainesville, FL 32608
GA0130 TheLoop 1/1/93 5 $79.50 L DBS 7 1 1 1
136 NW 13th Street
Gainesville, FL 32605
GA0160 Gant 1/1/01 5 $55.00 L DBS 4 1 1
2700 SR 16
St. Augustine, FL
32092
GA0204 Gainesville Shopping 1/1/94 5 $87.50 L DBS 1 1 Mess. rep.
Center
1202 N Main Street
Gainesville, FL 32601
GA0208 Gayfers 12/1/92 5 $128.00 L Video tapes
10310 Southside Blvd.
Jacksonville, FL 32256
GA0300 Radisson 6/1/94 5 $182.96 S DBS 1
2900 SW 13th Street
Gainesville, Fl 32608
GA0400 Gate Petroleum Co. 10/1/93 5 $151.69 L 956 47 2 2 1 1
Office
Page 53 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
9540 San Jose Blvd.
Jacksonville, FL 32241
GA0600 Gateway Market Place 4/1/93 5 $90.00 L DBS 2 2
5196 Norwood Avenue
Jacksonville, FL 32208
GA0605 Gainesville International 12/1/88 5 $55.00 S DBS
Airport
3400 NE 39th Avenue #A
Gainesville, FL 32609
GA0905 Gainesville State Bank 12/1/94 5 $110.00 S DBS
2814 SW 34th Street
Gainesville, FL 32608
GE0104 George Moore Chevrolet 10/1/92 5 $69.05 L 956 19 3 1 1
711 Beach Blvd.
Jacksonville, FL 32250
GE0110 Geoffrey Beene 12/1/91 5 $57.50 L DBS 4 1 1
2700 SR 16
St. Augustine, FL
32092
GE0114 Genuine Parts Company 8/1/92 5 $91.64 L 956 17 6 1 1
1090 Haines Street
Jacksonville, FL 32206
GE0120 Gene's Seafood 1/1/94 5 $55.00 L DBS
1249 Penman Road
Jacksonville Bch., FL
32250
GE0130 General Medical 12/1/93 3 $34.00 S 956 1 1
8100 Westside
Industrial Dr.
Jacksonville, FL 32219
GE0140 George G. Smith, Inc. 7/1/94 5 $59.00 L 956 9 1 1
1646 Emerson Street
Jacksonville, FL 32247
GE0150 GE Capital Corp. 4/1/94 5 $60.00 S DBS
7595 Centurian Parkway North
Jacksonville, FL 32253
GE0160 Gene's Seafood 2/1/95 5 $37.00 L 956 2 1 1
6132 Merrill Road
Jacksonville, FL 32211
Page 54 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GE0170 Geoffrey Beene 8/1/95 5 $57.50 L DBS 4 1 1
One Magnolia Bluff Way
Darien, GA 31305
GE0200 Genghis Khan 1/1/92 5 $41.14 L 956 7 1 1
Restaurant
10601 San Jose Blvd.
Jacksonville, FL 32217
GE0500 Georgia-Pacific Corp. 6/1/94 3 $174.65 L DBS 71 4 1
US Highway #216
Palatka, FL 32077
GE0600 Georgia-Pacific Corp. 6/1/94 5 $59.00 L DBS 8 1 1
9th Street West
Brunswick, FL 31521
GI0100 Gilman Paper Company 12/1/91 5 $218.69 L DBS 53 6 1
1000 Osborne Road
St. Mary's, GA 31558
GI0110 Gios Cafe 3/1/89 5 $84.00 L 956 19 2 tapes
900 Sawgrass Village
Ponte Vedra Bch., FL
32082
Gl0120 Giovanni's 2/15/82 5 $109.00 L DBS 14 2 2 1
1161 Beach Blvd.
Jacksonville Bch., FL
32250
GL0050 Gleason's Corner Mall 9/1/95 5 $96.20 L DBS 12 2 1 cassete
Rt. 17, Box 2161
Lake City, FL 32055
GL0113 Embassy Suites Hotel 3/1/90 5 $45.00 S DBS 1
500 Mall Blvd.
Brunswick, GA 31520
GL0143 Glynn Place Mall 11/1/95 1 $57.50 S DBS 1
100 Mall Blvd.
Brunswick, GA 31520
GMO1OO GMAC 3/1/91 3 $120.50 L 956 29 1 1
8375 Dix Ellis Trail
Jacksonville, FL 32256
G00060 Golden Corral 9/1/89 5 $53.00 L DBS 6 1 1 2 Maint.
826 S. Ohio Street
Page 55 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Live Oak, FL 32060
GO0073 Golden Corral 3/1/91 5 $50.22 L DBS 8 1 1 2
800 Memorial Drive
Waycross, FL 31501
GO0800 Golden Corral 7/1/91 5 $48.40 L DBS 5 1 1 2
1701 Reid Street
Palatka, FL 32177
GO0100 Dr. Rafael E. Gomez 4/1/92 5 $35.97 L 956 4 1 1
5934 Hickson Street
Jacksonville, FL 32207
GO0107 Golden Corral 11/1/92 5 $42.00 L 956 1 1
5303 SE Abshier Blvd.
Belleview, FL 34420
GO0110 Gottlieb Financial 8/1/93 5 $134.94 L 956 47 1
Services
6400 Atlantic Blvd.
Jacksonville, FL 32247
GO0120 Gold's Gym 1/1/95 5 $95.00 L DBS 44 2 1 1
8101 Philips Highway
#10
Jacksonville, FL 32216
GO0l30 Gold's Gym 8/1/94 5 $95.00 L DBS 24 1 1 1
9119 Merrill Road
Jacksonville, FL 32211
GO0150 Gold's Gym 1/1/95 5 $95.00 L DBS 40 3 1 1
2141 Loch Rane Blvd.
Orange Park, FL 32073
GO0160 Golden Corral 10/1/95 $84.50 L DBS 25 2 1 3
11470 San Jose Blvd.
Jacksonville, FL 32223
GO0200 Jerry Hamm Chevrolet 1/1/94 5 $76.00 L 956 16 5 1 Maintenance
2600 Philips Highway
Jacksonville, FL 32247
GO0300 G.T. Leasing 2/1/93 5 $49.85 L 956 5 1 1 1
2810 St. Augustine
Road
Jacksonville, FL 32207
GO0314 Gordon Chevrolet 6/1/93 5 $45.00 S 956 1
Page 56 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1166 Blanding Blvd.
Orange Park, FL 32067
GR0050 Grande Blvd. Mall 2/1/92 5 $100.75 S 956 1
Office
9911 Baymeadows Road
Jacksonville, FL 32256
GR0114 Gretchen's Hallmark 10/1/90 5 $38.50 L 956 5 1 1
10300 Southside Blvd.
Jacksonville, FL 32256
GU0200 Gulf Life Tower 1/1/94 1 $197.84 S DBS 1 Maintenance
1301 Gulf Life Tower
Jacksonville, FL 32207
HA0250 Hardee's #12-0659 7/27/89 5 $34.03 S 956 1
8040 Normandy Blvd.
Jacksonville, FL
32236
Hardee's #0641 7/27/89 5 $34.03 S 956 1
2730 Blanding Blvd.
Middleburg, FL 32068
Hardee's #0619 1/27/89 5 $34.03 S 956 1
115 North 3rd Street
Neptune Bch., FL
32233
Hardee's #0658 7/27/89 5 $34.03 S 956 1
105 Second Street
Callahan, FL 32011
Hardee's #631 7/27/89 5 $34.03 S 956 1
US 19 & 98 @ 11th
Avenue
Chiefland, FL 32626
Hardee's #0629 7/27/89 5 $34.03 S DBS 1
Highway 19 & 27A
Cross City, FL 32628
Hardet: Hardee's #606 7/27/89 5 $34.03 S 956 1
Hwy AlA & Sadler Road
Fernandina Bch., FL
32034
Hardee's #1-0601 7/27/89 5 $34.03 S 956 1
909 Arlington Road
Jacksonville, FL 32211
Page 57 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Hardee's #4-0620 7/27/89 5 $34.03 S 956 1
920 Margaret Street
Jacksonville, FL
32204
Hardee's #5-633 7/27/89 5 $34.03 S 956 1
9210 Baymeadows Road
Jacksonville, FL
32256
Hardee's #6-0643 7/27/89 5 $34.03 S 956 1
1500 Mayport Road
Atlantic Beach, FL
32233
Hardee's #7-0647 7/27/89 5 $34.03 S 956 1
498 Busch Drive
Jacksonville, FL
32218
Hardee's #648 7/27/89 5 $34.03 S 956 1
3210 St. Johns Bluff
Road
Jacksonville, FL
32216
Hardee's #654 7/27/89 5 $34.03 S 956
6852 Wilson Blvd.
Jacksonville, FL
32210
Hardee's #10-0655 7/27/89 5 $34.03 S 956 1
6914 Norwood Avenue
Jacksonville, FL
32208
Hardee's #11-0655 7/2789 5 $34.03 S 956 1
3929 Hendricks Avenue
Jacksonville, FL
32207
Hardee's #0656 7/27/89 5 $34.03 S DBS 1
US#41 North
Jasper, FL 32052
Hardeu #0649 7/27/89 5 $34.03 S DBS 1
7401 State Rd. #21
Keystone Heights, FL
32658
Hardee's #0651 7/27/89 5 $34.03 S DBS 1
1205 E. Main Street
Lake Butler, FL 32054
Hardee's #2-0652 7/27/89 5 $34.03 S DBS 1
US 90 West
Page 58 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Lake City, FL
32055
Hardee's #1-0610 7/27/89 5 $34.03 S DBS 1
319 W. Duval Street
Lake City, FL 32055
Hardee's #0613 7/27/89 5 $34.03 S DBS 1
608 Ohio Avenue
Live Oak, FL 32060
Hardee's #0630 7/27/89 5 $34.03 S DBS 1
I-10 & SR 121
MacClenny, FL 32063
Hardee's #0621 7/27/89 5 $34.03 S 956 1
9612 San Jose Blvd.
Jacksonville, FL
32217
Hardee's #2-0635 7/27/89 5 $34.03 S 956 1
491 Blanding Blvd.
Orange Park, FL 32073
Hardee's #0618 7/27/89 5 $34.03 S 956 1
US #1 & King Street
St. Augustine, FL
32084
Hardee's #0614 1/27/89 5 $34.03 S DBS 1
US 301 South
Starke, FL 32091
Hardee's #0653 7/27/89 5 $34.03 S 958 1
US200 & Hwy #17
Yulee, FL 32097
Hardee's #661 7/27/89 5 $34.03 S 956 1
9111 Merrill Road
Jacksonville, FL
32211
Hardee's #14 7/27/89 5 $34.03 S 956 1
5081 J. Turner
Butler Blvd.
Jacksonville, FL
32256
Hardee's #2-603 7/27/89 5 $34.03 S 956 1
873 Lane Avenue
Jacksonville, FL
32210
Hardee's #663 7/27/89 5 $34.03 S 956 1
Page 59 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3538 US 17 North
Green Cove Springs,
FL 32043
Hardee's #664 7/27/89 5 $34.03 S DBS 1
306 W. Noble Avenue
Williston, FL 32696
Hardee's #0666 7/27/89 5 $34.03 S 956 1
12771 Atlantic Blvd.
Jacksonville, FL
32225
Hardee's #668 7/27/89 5 $34.03 S DBS 1
125 N. Main Street
Waldo, FL 32694
Hardee's #670 7/27/89 5 $34.03 S DBS 1
1310 Palm Coast
Parkway SW
Palm Coast, FL 32151
Hardee's #672 7/27/89 5 $34.03 S 956 1
6680 Commonwealth
Avenue
Jacksonville, FL
32205
Hardee's #671 7/27/89 5 $34.03 S DBS 1
US 441
High Springs, FL
32643
Hardee's #673 7/27/89 5 $34.03 S 956 1
112191 San Jose Blvd.
Jacksonville, FL
32223
Hardee's #0674 7/27/89 5 $34.03 S DBS 1
95 S. Central Avenue
Newberry, FL 32669
HA0253 Hardee's 3/1/91 5 $45.00 S DBS 1
1190 E. Cherry Street
Jesup,GA 31545
HA0263 Hardee's 12/1/93 5 $45.00 L DBS 9 2 1
926 S. Pierce Street
Alma, GA 31510
HA-0305 Hawes Chrysler 11/1/84 5 $61.56 L DBS 11 11 1 1
Plymouth
3535 N. Main Street
Gainesville, FL 32601
Page 60 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HA0400 Haverty's at the 10/1/93 5 $70.00 L DBS 34 1 1 1
Avenues
10464 Philips Highway
Jacksonville, FL 32256
HA0404 Hardee's 2/1/91 5 $45.00 L DBS 6 1 1
3025 Osborne Road
St. Mary's, GA 31558
HA0500 Rollins Hudig Hal of 7/1/93 5 $85.00 L 956 31 1 1
FL
9000 Regency Square
Blvd.
Jacksonville, FL 32211
HA0533 Hardee's 8/1/90 5 $35.00 L DBS 7 1 1
400 N. Folkston St.
Folkston, GA 31537
HA0703 Hatcher Point Mall 11/1/93 5 $60.50 L DBS 1 1 Maint.
2215 Memorial Drive
Waycross, GA 31501
HA0910 Thomasville Clearance 5/1/94 5 $70.00 L DBS 29 3 1
Center
7720 Philips Highway
Jacksonville, FL 32216
HA0920 Haverty Furniture 7/1/95 5 $70.00 L DBS 40 1 1 1
9735 Atlantic Blvd.
Jacksonville, FL 32217
HA1000 Haverty Furniture 1/1/95 5 $70.00 L DBS 32 1 1
86 Blanding Blvd.
Orange Park, FL 32073
HA1300 Hardee's 4/1/93 5 $45.00 L DBS 7 1 1
132 New Jesup Highway
Brunswick, GA 31520
HE0110 Heritage Walk 12/1/92 5 $35.00 S 956 1
162 St. George Street
St. Augustine, FL
32084
HE0113 Trident Ford Mercury 12/1/95 5 $82.50 L DBS 2 1 1
2030 US Highway 40 E.
Kingsland, GA 31548
HE0120 Heritage Links 8/1/94 5 $125.00 L DBS 9 2 1 1
Country Club
3500 Turkery Creek
Blvd.
Page 61 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Alachua, FL 32615
HI0100 Hidden Hills 5/1/95 5 $308.53 L DBS 77 6 1 3 6 mixers
3901 Monument Road
Jacksonville, FL 32239
HI0105 Barnett Bank 1/1/92 5 $78.65 L DBS 23 1 1
1961 N. Main Street
Gainesville, FL 32602
HI0200 Barnett Bank 1/1/92 5 $46.56 L DBS 8 1 1
35 North Main Street
High Springs, FL 32643
HI0210 Barnett Bank 1/1/92 5 $45.38 L DBS 5 1 1
300 N. Main Street
Newberry, FL 32669
HI0310 Hitchcock's Foodway 4/1/95 5 $95.00 L DBS 6 1 1 SDMS
105 N. Main Street
Alachua, FL 32615
HI0320 Hitchcock's Foodway 4/1/95 5 $95.00 L DBS 1 1
Highway 41
Jasper, FL 32052
HI0330 Hitchcock's Foodway 4/1/95 5 $95.00 L DBS 8 1 1 SDMS
501 N. University
Avenue
Archer, FL 32618
HI0340 Hitchcock's Foodway 5/1/95 5 $95.00 L DBS 9 1 1 SDMS
434 Noble Avenue
Williston, FL 32696
HI0350 Hitchcock's Foodway 5/1/95 5 $95.00 L DBS 12 1 1 Adv.on Hold
9701 NE Jacksonville
Road
Anthony
HI0360 Hitchcock's Foodway 4/1/95 5 $95.00 L DBS 13 1 1 SDMS
1138. Main Street
Trenton, FL 32693
HO0107 Holiday House no contract $60.00 956 1
4011 Silver Springs
Blvd. E:
Ocala, FL 34470
HO0110 Hoola Hoops Restaurant 7/1/93 5 $65.00 L DBS 6 1 1
Page 62 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1001 Ponce DeLeon
Blvd.
St Augustine, FL 32084
HO0113 Holiday Inn 10/1/92 5 $50.00 S DBS 1
200 5. Beachview Drive
Jekyll Island, GA
31520
HO0120 Holiday Inn West 1/1/93 5 $155.00 S DBS 1
3621 SW Broadway
Street
Ocala, FL 32671
HO0130 Hopkins Motor Co. 8/1/93 2 $55.00 L DBS 3 1 1
2700 US Highway 90
West
Lake City, FL 32055
HO0140 Holland & Knight 7/1/93 5 $55.00 S DBS 1
50 N. Laura Street
#3900
Jacksonville, FL 32202
HO0150 Hops Grill and Bar 3/1/94 5 $170.00 L DBS 4 1
9826 San Jose Blvd.
Jacksonville, FL 32257
HO0160 Hops Grill and Bar 10/1/94 5 $170.00 L DBS 4 1 tapes
1780 Wells Road
Orange Park, FL 32073
HO0170 Horizon's 3/1/95 5 $71.00 L DBS 1 2 1
802 Ash Street
Fernandina Bch, FL
32035
HO0180 Hops Bar and Grille 6/1/95 5 $170.00 L DBS 4 1
2505 SW College Road
Ocala, FL 34474
HO0205 Holiday Inn West 1/1/93 1 $188.65 L DBS 6 1
7417 NW 8th Avenue
Gainesville, Fl 32605
HO0207 Holiday Inn 11/1/92 5 $115.00 L DBS 1 1
5751 E. Silver
Springs Blvd.
Ocala, FL 32670
HO0213 Holiday Inn 6/1/87 5 $41.25 L DBS 1 1
3302 Glynn Avenue
Brunswick, GA 31520
Page 63 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HO0223 Holiday Inn 2/1/91 1 $50.00 L S 1 1
I-95&US#341
Brunswick, GA 31520
HO0313 Holiday Inn 5/1/92 1 $271.70 L S 68 2 4 1 4 tapes
SR 40 & I-95
Kingsland, GA 31548
HO0404 Home Builders 2/1/91 5 $191.75 L 956 58 1 2
Insurance
2727 & 2715 Atlantic
Blvd.
Jacksonville, FL 32247
HO0600 Holiday Inn 12/1/94 5 $49.50 L DBS 12 1 1
201 N. First Street
Palatka, FL 32077
HO0650 Holiday Inn 6/1/92 5 $172.50 L 956 1 1 tapes
100 Park Avenue
Orange Park, FL 32073
HO0700 Holiday Inn 4/15/94 5 $101.00 L DBS 1 1
US 90 @ 1-75
Lake City, FL 32056
HO0800 Holiday Inn 6/1/94 5 $71.28 L 958 4 1
I-95 & Duval Road
Jacksonville, FL 32229
HO01200 Holiday Inn 4/15/84 5 $73.18 L 956 1 1
1300 Ponce deLeon
Avenue
St. Augustine, FL
32084
HO1400 Holiday Inn 2/1/92 5 $60.00 S DBS 1
9150 Baymeadows Road
Jacksonville, FL 32216
HO1904 Homestead Restaurant 4/1/94 5 $73.91 L DBS 14 2 1
1712 Beach Blvd.
Jacksonville Bch., FL
32250
HU0104 Huddle House 3/1/92 5 $50.00 L DBS 1 1
5150-67 Baymeadows
Road
Jacksonville, FL 32217
HU0140 Huddle House 11/1/95 5 $45.00 L DBS 1 1
Rt 13, Box 1140
Page 64 of 181
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Lake City, FL 32052
HU0200 Hugo & Associates 8/1/89 5 $45.00 L 956 29 1 1
3139 Philips Highway
Jacksonville, FL 32207
HU0400 Humana Health 6/1/95 5 $391.00 L DBS 200 3 1
Insurance
6600 Southpoint
Pkwy, Bldg. 800
Jacksonville, FL
32245
IM0104 Quality Inn 9/1/92 5 $145.75 L DBS 24 2 1
4660 Salisbury Road
Jacksonville, FL
32256
IN0104 IHOP 5/1/87 5 $44.00 L DBS 1 1
3613 SW 13th Street
Gainesville, FL 32608
IN0110 IHOP 11/1/87 5 $55.00 L 956 14 1 1
5221 University
Blvd. W
Jacksonville, FL
32216
IN0120 IHOP 9/1/91 5 $49.50 L 956 9 1 1
315 Blanding Blvd.
Orange Park, FL 32073
IN0130 IHOP 7/1/88 5 $45.00 L 956 1 1
9010 Atlantic Blvd.
Jacksonville, FL
32211
IN0140 IHOP 5/1/90 5 $50.00 L DBS 10 2 1
Highway 90 W
Lake City, FL 32055
IN0210 IBM Corporation 3/1/95 5 $131.00 L DBS 22 1 1
10407 Centurion
Parkway North
Jacksonville, FL
32245
IN0404 Interiors by RC Jones 2/1/89 5 $56.50 L 956 17 1 1 1
912 S.3rd Street
Jacksonville Bch.,
FL 32250
IN0450 IHOP 7/1/87 5 $73.15 L 956 13 1 1
8400 Baymeadows Road
Jacksonville, FL
32216
IN0460 IHOP 8/1/87 5 $49.50 L 956 9 1 1
Page 65 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
7940 103rd Street
Jacksonville,FL 32210
IN0470 IHOP 2/1/89 5 $50.00 L 956 3 2 1
2600 Ponce deLeon
Blvd.
St. Augustine, FL
32084
IN0500 IHOP 10/1/95 5 $45.00 L 956 1 1
5601 Beach Blvd.
Jacksonville, FL
32207
IN0510 Int'l Longshoreman's 4/1/95 5 $35.00 L 956 1 1
Assoc.
920A Philips Highway
Jacksonville, FL
32206
IN0804 Interventional 9/1/92 5 $49.70 L DBS 11 1 1
Cardiologists of Gnsvl
1131 NW 64th Terrace
Gainesville, FL 32605
IT0100 ITT Sales Center 8/1/93 5 $45.00 L DBS 1 1
One Old Kings Road S.
PalmCoast, FL 32151
IT0120 ITT Technical 8/1/93 1 $30.00 L 956 2 1 1
Institute
6600 Youngerman
Circle #10
Jacksonville, FL
32244
IT0140 Italian Oven 3/1/95 5 $87.00 S DBS 1 tapes
6055 Youngerman
Circle
Jacksonville, FL
32244
IV0100 Dillard's 12/1/91 5 $85.00 S DBS 1
1910 Wells Road
Orange Park, FL 32073
IV0100 Dillard's 11/1/91 5 $85.00 S DBS 1
9501 Arlington
Expressway
Jacksonville, FL
32225
IV0114 Dillard's 11/1/91 5 $85.00 S DBS 1
6419 Newberry Road
Gainesville, Fl 32605
IJA0120 James DahI & Company 5/1/94 5 $45.00 L 956 5 1 2
1200 Riverplace Blvd.
Jacksonville, FL
32207
Page 66 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
JA0144 Jacksonville Faculty 1/1/94 5 $149.50 L 956 82 1 1
Practice
580 W. 8th Street
Jacksonville, FL 32209
JA0150 Jax Golf & Country 1/1/92 5 $125.00 L DBS 32 4 1
Club
3985 Hunt Club Road
Jacksonville, FL 32216
JA0168 Jacksonville Intn'l PO only 1 $459.00 Maint. only
Airport
2400 Yankee Clipper
Drive
Jacksonville, FL 32218
JA0210 Jax Area Chamber of Commerce 5/1/92 5 $145.00 L 956 68 2 1
Three Independent
Drive
Jacksonville, FL 32202
JA0220 Jacksonville Landing 11/1/92 5 $214.50 L DBS 1 tape deck
Two Independent Drive maintenance
Jacksonville, Fl 32202
JA0270 JEA-Tower PO only 1 $59.00 L 956 1
21 West Church Street
Jacksonville, FL 32202
JA0610 Jacksonville Firemen's 6/1/92 5 $69.95 L 956 3 1 1
Credit Union
2205 Haines Street
Jacksonville, FL 32206
JA0706 Jax Kennel Club 9/1/91 5 $149.00 L tape only
North McDuff Avenue
Jacksonville, FL 32245
JA0800 Jacksonville Mack 4/15/79 5 $59.35 L 18 1 1
Trucks
1986 W. Beaver Street
Jacksonville, FL 32203
JA1100 Jacksonville Heart 5/1/94 5 $45.00 L 8 1 1
Center
836 Prudential Drive
#1700
Jacksonville, FL 32207
JA1200 Jack Wilson Chevrolet 9/1/92 5 $80.31 L DBS 19 4 3 1 1
US Hwy 169
St. Augustine, FL
32084
JA1250 Jacobson's 9/15/92 5 $90.00 L DBS 1
9911 Baymeadows Rd.#1000
Page 67 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jacksonville, FL 32256
JA1500 Jax Navy Federal 7/1/95 5 $105.57 L 956 43 1 1
Credit Urion
4401 Wesconnett Blvd.
Jacksonville, FL 32212
JA1600 Jax Navy Federal Credit Union 8/1/95 5 $86.75 L 956 22 1 1
8263 Philips Highway
Jacksonville, FL 32232
JA17OO Jax Navy Federal Credit Union 10/1/95 5 $25.00 L 956 2 1 1
4539 Blanding Blvd.
Jacksonville, FL 32210
JA1800 Jax Navy Federal 7/1/95 5 $96.25 L 956 28 1 1
Credit Union
4420 Wabash
Jacksonville, FL 32210
JA1900 Jax Navy Federal 10/1/95 5 $25.00 L 956 3 1 1
Credit Union
180 Arora Avenue
Orange Park,FL 32073
JA1904 Jax Navy Federal 7/1/95 5 $259.70 L 956 123 8 1
Credit Union
4441 Wesconnett Blvd.
Jacksonville, FL 32210
JB0114 J.Byrons 8/1/90 5 $136.50 L 956 58 3 1 1 3
10991 San Jose Blvd.
Jacksonville, FL
JC0103 JC Penney 3/1/94 5 $70.00 L DBS 40 1 1 2
1800 Knight Avenue
Waycross,GA 31501
JC0105 JC Penney 7/1/94 5 $65.00 S DBS 1
6419 Newberry Road
Gainesville, FL 32601
JC0107 JCPenney 9/1/93 5 $85.00 S DBS 1
3100 SW College Road
Ocala, FL 32674
JC0110 JC Penney 11/1/92 5 $75.00 S DBS 1
10308 Southside Blvd.
Jacksonville, FL 32256
JC0200 JCPenney 4/1/92 5 $85.66 S DBS I
Page 68 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3000 Dunn Avenue
Jacksonville, FL 32218
JC0203 JC Penney 2/1/95 5 $60.00 S DBS 1
One Mall Blvd.
Brunswick, GA 31525
JC0400 JC Penney 9/1/92 5 $71.22 S DBS 1
9501 Arlington
Expressway
Jacksonville, FL 32225
JC0410 JC Penney 2/1/93 5 $108.65 L DBS 43 1 2 1
428 US 19 North
Palatka, FL 32177
JC0420 JC Penney 1/1 /95 5 $90.00 L DBS 44 1 1
2121 US 1 South
St. Augustine, FL
32086
JC0430 JC Penney 10/1/92 5 $132.59 S DBS 1
1910 Wells Road
Orange Park, FL 32073
JC0440 JC Penney 10/1/90 5 $49.50 L DBS 1 1
Rt. 17, Box 2155
Lake City, FL 32055
JE0100 JerZee's 11/1/90 3 $68.00 S DBS 1
2700 SR 16 #310
St. Augustine, FL
32092
JE0103 Jerry J's Restaurant 9/1/91 5 $38.50 L DBS 4 1 1
1404 Plant Avenue
Waycross, GA 31501
JE0108 JEA Central Office PO 1 $197.92 L 958 paging
233 W. Duval Street
Jacksonville, FL 32202
JE0110 JEA-Northside Gen. PO 1 $49.50 L 956 1
Plant
4377 Hechsher Drive
Jacksonville, FL 32226
JE0113 Jerry J's~Restaurant 9/1/91 5 $38.50 L DBS 1 1
1809 Reynolds Street
Waycross, GA 31501
Page 69 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
JE0120 JEA-Sys. Oper. PO 1 $49.50 L 956 1 1
Control Ctr.
7720 Ramona Blvd.
Jacksonville, FL 32221
JE0130 JEA-Southside PO 1 $49.50 L 956 1 1
Gen. Station
801 Colorado Avenue
Jacksonville, FL 32207
JE0140 JEA-Connect/Disconnect Ctr PO 1 $49.50 L 956 1 1
2525 N. Pearl Street
Jacksonville, FL 32206
JE0143 Latitude 31 4/1/94 5 $85.00 L DBS 15 1 1
One Pier Road
Jekyll Island, GA
31527
JE0160 JEA-Emerson PO 1 $49.50 L 956 1 1
2425 Emerson Street
Jacksonville, FL 32207
JE0170 JEA-Tallyrand PO 1 $49.50 L 956 1
4215 Tallyrand Avenue
Jacksonville, FL 32206
JE0180 JEA-Broadway PO 1 $49.50 L 958 1 1
6727 Broadway
Jacksonville, FL 32206
JE0203 Best Western 7/1/93 5 $125.00 L DBS 25 1 1
975 Beach View Drive
Jekyll Island, GA
31520
JI0103 Jinrights Seafood 1/1/91 5 $45.00 L DBS 5 1 1
2815 Glynn Avenue
Brunswick, GA 31520
JI0104 Jim Tatum's Fashion Showroom 12/1/90 5 $40.00 L DBS 1 1
5318 Normandy Blvd.
Jacksonville, FL 32205
JI0206 Jimmie's Buttermilk Chicken 5/1/84 5 $78.65 L 8 2 1 1 tape
8550 Beach Blvd.
Jacksonville, FL 32216
JI0300 Jimmie's Buttermilk Chicken 1/1/83 5 $42.35 L 956 12 1 1 2
5220 Normandy Blvd.
Page 70 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jacksonville, FL 32205
JM0100 JM Family Enterprises 8/15/90 5 $35.00 L 956 1
8019 Bayberry Road
Jacksonville, FL 32256
JO0110 Southeast Toyota Dist. 1/1/94 5 $35.00 L 956 1
1751 Talleyrand Avenue
Jacksonville, FL 32206
JP0100 JP Perry Insurance 311195 5 $55.00 L 956 20 1 1
3342 Kori Road
Jacksonville, FL 32257
KA0100 Kane Furniture 6/1/93 5 $38.00 L DBS 1 1 no renewal
2526 SW College Road
Ocala, FL 34474
KA0104 Kash n Karry#878 7/1/90 5 $35.00 L DBS 1 1
4120 NW 16th Blvd.
Gainesville, FL 32602
KA0107/2 Kash n Karry 5/1/90 5 $35.00 L 956 1 1
2499 SW 27th Avenue
Ocala, FL 34474
KA0107/4 Kash n Karry 5/1/90 5 $35.00 L 956 1 1
2720 E. Silver Springs Blvd.
Ocala, FL 34471
KA0107/5 Kash n Karry 5/1/90 5 $35.00 L 956 1 1
113108 U5301
Belleview, FL 34420
KA0107/7 Kash n Karry 5/1/90 5 $35.00 L 956 1 1
833 US 41 North
Dunnellon, FL 34430
KA0107/8 Kash n Karry 6/1/93 5 $35.00 L DBS 1 1
7131 N. US 441
Ocala, FL 34475
KA0114 Kash n Karry 7/1/90 5 $35.00 L DBS 1 1
2002 SW# 34th Street
Gainesville, FL 32608
KA0124 Kash n Karry 7/1/90 5 $35.00 L DBS 1 1
Page 71 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2330 NW 13th Street
Gainesville, FL 32605
KE0100 Keystone State Bank 3/1/92 5 $45.00 L DBS 1
Lawrence Boulevard
Keystone Heights, FL
32656
KE0104 Kelly Mitsubishi 2/1/91 5 $68.00 L 956 12 7 2 1
7501 Blanding Blvd.
Jacksonville, FL 32244
KE0104 Kelly Pontiac 7/1/90 5 $78.80 L 956 19 18 2 1
7401 Blanding Blvd.
Jacksonville, FL 32244
KE0104 Kelly Lincoln Mercury 12/1/85 5 $61.60 L 956 21 13 2 1
7447 Blanding Blvd.
Jacksonville, FL 32244
KE0110/1 Kentucky Fried Chicken 5/1/89 5 $38.30 L DBS 4 1 1
121 S. Baker Square
MacClenny, FL 32063
KE0110/6 KFC 11/1/95 5 $38.30 L 956 5 1 1
2260 Mayport Road
Jacksonville, FL 32233
KE0110/7 KFC 11/1/95 5 $36.30 L 956 5 1 1
1945 Kings Road
Jacksonville, FL 32209
KE0110/10 KFC 11/5/95 5 $36.30 L 956 3 1 1
10400 Atlantic Blvd.
Jacksonville, FL 32225
KE0110/11 KFC 11/1/95 5 $33.00 L 956 5 1 1
2258Edgewood Avenue
Jacksonville, FL 32209
KE0110/12 KFC 11/1/95 5 36.30 L 956 6 1 1
1007Lane Avenue S.
Jacksonville,
FL 32205
KE0110/14 KFC 11/1/95 5 36.30 L 956 5 1 1
3930 University Blvd. W
Jacksonville,
FL 32217
Page 72 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
KE0l10/17 KFC 11/1/95 5 $36.30 L 956 4 1 1
7278 103rd Street
Jacksonville, FL 32210
KE0110/18 KFC 11/1/95 5 $36.30 L 956 2 1 1
1146 Dunn Avenue
Jacksonville, FL 32218
KE0110/19 KFC 11/1/95 5 $36.30 L 956 4 1 1
3430 University Blvd. S
Jacksonville,
FL 32216
KE0110/20 KFC 11/1/95 5 $36.30 L 956 1 1
8761 Baymeadows Road
Jacksonville, FL 32256
KE0110/21 KFC 11/1/95 5 $33.00 L DBS 5 1 1
816 TJ Courson Road
Fernandina Bch., FL 32034
KE0110/22 KFC no contract 5 $36.30 L 956
8003 Merrill Road
Jacksonville, FL 32211
KE0110/31 KFC 12/1/95 5 $38.48 L DBS 4 1 1
114 SW 34th Street
Gainesville, FL 32807
KE0110/32 KFC 12/1/95 5 $38.48 L DBS 2 1 1
1 NW 1Oth Avenue
Gainesville, FL 32601
KE0110/34 KFC 12/1/95 5 $38.48 L DBS 4 1 1
640 5. Walnut Street
Starke, FL 32091
KE0110/35 KFC 12/1/95 5 $38.48 L DBS 5 1 1
3525 SW Archer Road
Gainesville, FL 32608
KE0110/38 KFC 12/1/95 5 $38.48 L DBS 4 1 1
514 W. Noble Avenue
Williston, FL 32696
KE0113 KFC 3/1/90 5 $46.30 L DBS 4 1 1
2801 Cypress
Mill Road
Page 73 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Brunswick, GA 31520
KE0114 Dr. John R. Kelly 11/1/91 5 $38.00 L DBS 3 1 1
9119 Merrill Road #29
Jacksonville, FL 32211
KE0120 KFC 10/1/90 5 $30.00 L DBS 7 1 1 1
626 Atlantic Blvd.
Neptune Bch., FL 32233
KE0123 KFC 3/1/90 5 $47.40 L DBS 4 1 1
US 341 & I-95
Brunswick, GA 31501
KE0133 KFC 2/1/90 5 $55.00 L DBS 8 1 1
1809 Frederica Road
St. Simon's Is., GA 31522
KE0140 KFC 2/1/91 5 $50.00 L DBS 5 1 1
3 Old Kings Road North
Palm Coast, FL 32137
KE0143 KFC 6/1/92 5 $44.00 L DBS 5 1 1
139 Lee Avenue
Waycross, GA 31501
KE0144 KFC 12/1/91 5 $45.00 L DBS 6 1 1
1805 US I South
St. Augustine, FL 32088
KE0150 KFC 2/1/95 5 $35.00 L DBS 4 1 1
1128 US 90 West
Lake City, FL 32055
KE0153 KFC 6/1/90 5 $55.00 L DBS 5 1 1
995 First Street S
Jesup, GA 31545
KE0154 KFC 12/1/91 5 $45.00 L DBS 6 1 1
Highway #16
St. Augustine, FL 32084
KE0163 KFC 8/1/92 5 $ 4.00 L DBS 5 1 1
2405 Plant Avenue
Waycross,GA 31501
KE0170 KFC 1/1/95 5 $36.30 L DBS 5 1 1 no signed co
Page 74 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1909 N1 Main Street
Jacksonville, FL 32206
KE0173 KFC 8/1/92 5 $45.00 L DBS 8 1 1
502 5. Pierce Street
Alma, GA 31510
KE0180 KFC 6/1/94 5 $36.30 S DBS 1
1155 E. Boone Avenue
Extension
Kingsland, GA 31548
KE0190 KFC 12/1/95 5 $38.48 L DBS 5 1
1480 S. 6th Street
MacClenny, FL 32083
KE0200 KFC 12/1/95 5 $35.00 L DBS 4 1 1
823 S. Ohio Avenue
Live Oak, FL 32060
KE0207 KFC 2/1/95 5 $38.48 L DBS 1 1
5120 SE Abshire Blvd.
Belleview, FL 34420
KE0270 KFC 12/1/95 5 $38.48 L DBS 4 1 1
2631 E.University
Avenue
Gainesville, FL 37601
KE0307 KFC 12/1/95 5 $38.48 L DBS 1 1
11583 N. Williams St.
Dunnellon, GA 32630
KE0407 KFC 12/1/95 5 $38.48 L DBS 1 1
1607 SW Pine Street
Ocala, FL 32671
KE0500 Key Buick 3/1/93 5 $64.96 S 956 1 maint
4660 Southside Blvd.
Jacksonville, FL 32245
KI0110 Kinko's 12/1/91 5 $120.00 L DBS 5 2 1 renewal 24
9810-7
Baymeadows Road
Jacksonville,FL 32256
KI0114 Kingsley Aven. 1/1/94 5 $82.00 L DBS 6 1 1
Animal Hospital
1070 Kingsley Avenue
Orange Park,FL 32073
Page 75 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
KI0120 King's Crown Ford 1/1/95 5 $280.00 L DBS 66 17 7 1 17 mixer
10720 Philips Highway
Jacksonville, FL 32245
KI0123 King & Prince Hotel 5/1/91 5 $239.00 L DBS 18 18 2 1
201 Arnold Road
St. Simon's IS., GA 31522
KI0140 Kidney 4/1/94 5 $ 50.00 L DBS 1
Dialysis Center
1715 Kings Avenue
Jacksonville, FL 32207
KI0143 Kings Bay Chrysler
Plymouth 6/1/89 5 $ 45.00 L DBS 1
1580 E. King Street
Kingsland, GA 31548
KM0100 K-Mart Eatery 10/1/91 5 $ 50.00 L DBS 4 1 1
US 90, Box 49A
Lake City, FL 32055
KR0090 Krispy Kreme Donuts 2/1/94 5 $ 42.02 L 956 2 1 1
810 Cassat Avenue
Jacksonville, FL 32205
KR0107 Krystal #1 5/23/91 5 $ 35.00 L DBS 4 1
NW 3751 NW Blitchton Road
Ocala, FL 34470
KR0110/1 Krystal 5/23/91 5 $ 35.00 L DBS 4 1 1
US 90, I-95
Lake City, FL 32055
KR0114 Krispy Kreme Donuts 8/1/94 5 $ 35.00 S DBS 1
310 NW 13th Street
Gainesville, FL 32601
KR0120/3 Krystal 5/23/91 5 $ 35.00 L 956 4 1 1
5624 Arlington Road
Jacksonville, FL 32211
KR0120/4 Krystal 3/1/95 5 $ 50.00 L DBS 5 1
8015 Merrill Road
Jacksonville, FL 32277
KR0120/5 Krystal 5/1/95 5 $ 50.00 L DBS 4 1 1
9840 San Jose Blvd.
Page 76 of l6l
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jacksonville, FL 32257
KR0120/8 Krystal 9/1/91 5 $35.00 L 956
5707 University lvd. W
Jacksonville, FL 32216
KR0120/9 Krystal 9/1/91 5 $35.00 956 1
7459 Lem Turner Road
Jacksonville, FL 32208
KR0120/11 Krystal 9/1/91 5 $35.00 956 1
10144 Atlantic Blvd.
Jacksonville, FL 32211
KR0120/12 Krystal 9/1/91 5 $35.00 956 1
8151 Beach Blvd.
Jacksonville, FL 32216
KR0120/14 Krystal 9/1/91 5 $35.00 956 1
5 Third Street
Jacksonville Bch., FL
32250
KR0130/4 Krystal 9/1/91 5 $35.00 956 1
2025 Main Street
Jacksonville, FL 32206
KR0140/1 Krystal 9/1/91 5 $35.00 956 1
4585 San Juan Avenue
Jacksonville, FL 32210
KR0140/5 Krystal 9/1/91 5 $35.00 956 1
208 Blanding Blvd.
Orange Park, FL 32073
KR0140/10 Krystal 9/1/91 5 $35.00 956 1
5444 Blanding Blvd.
Jacksonville,
FL 32244
KR0140/13 Krystal 9/1/91 5 $35.00 956 1
5814 Normandy Blvd.
Jacksonville, FL 32205
KR0140/15 Krystal 9/1/91 5 $35.00 956 1
6009 New Kings Road
Jacksonville, FL 32219
KR0150 Krystal 9/1/91 5 $35.00 956 1
Page 77 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1126 Edgewood Avenue
Jacksonville, FL 32205
KR0160 Krystal 9/1/91 5 $35.00 956 1
337 Park Avenue
Orange Park, FL 32073
KR0170 Krystal 11/1/93 5 $35.00 L 956 8 1 1
1009 Dunn Avenue
Jacksonville, FL 32218
KR0203 Krystal 9/1/91 5 $35.00 DBS 1
451 New Jesup Highway
Brunswick, GA 31520
KR0205 Krystal 9/1/91 5 $35.00 DBS 1
1432 W. University
Avenue
Gainesville, FL 32603
KR0207 Krystal no contract 5 $35.00 956 1
2420 SW College Road
Ocala, FL 34474
KR1300 Krystal 11/1/95 5 $35.00 L DBS 6 1 1
505 Highway 19 North
Palatka, FL 32177
KU0100 Kuhn Flowers 7/1/95 5 $50.00 L 958 15 1 1 1
3802 Beach Blvd.
Jacksonvile, FL 32207
KU0107 Kuhn 11/1/92 5 $35.00 S 956 1
Chiropractic Clinic
24 NE 14th Avenue
Ocala, FL 34474
LA0110 Laura Street Cafe 10/1/95 5 $50.00 L DBS 8 1 1
50 North Laura Street
Jacksonville, FL 32202
LA0120 Lake City 7/1/94 5 $42.00 S DBS 1
Extended Care Center
1001 South Ermine Street
Lake City, FL 32055
LA0350 Lakewood 9/1/92 5 $40.00 L DBS 1 1
Pharmacy
5635 San Jose Blvd.
Jacksonville, FL 32217
Page 78 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LE0104 Lee's Famous Chicken 11/1/95 5 $45.00 L 956 5 2 1
Chicken
958 Cassat Avenue
Jacksonville, FL 32205
LE0114 Lee's 11/1/95 5 $45.00 L 956 6 2 1
5821 Beach Blvd.
Jacksonville, FL 32250
LE0124 Lee's 11/1/95 5 $45.00 L 958 6 2 1
9974 Old
Baymeadows Road
Jacksonville, FL 32256
LE0150 LePavillon 12/1/92 5 $63.52 S DBS 1
45 San Marco Blvd.
St. Augustine, FL 32084
LE0160 Lee's 11/1/93 5 $45.00 S DBS 1
11618 San Jose Blvd.
Jacksonville, FL 32257
LE0204 Lee's 11/1/95 5 $45.00 L 958 7 1 2 2
6219 San Juan Avenue
Jacksonville,FL 32210
LE0214 Lee's 11/1/95 5 $45.00 L 956 1 2 1
9501 San Jose Blvd.
Jacksonville, FL 32217
LE0224 Lee's 11/1/95 5 $45.00 L 956 1 2 1
937 Arlington Road
Jacksoville, FL 32211
LE0234 Lee's 11/1/95 5 $45.00 L 956 6 2 1
862 Blanding Blvd.
Jacksonville, FL 32073
LE0300 Levitz 11/1/95 66 mo. $40.00 L DBS 2 1
Furniture
8270 Arlington Expressway
Jacksonville, FL 32211
LE0310 Levitz 9/1/95 66 mo. $50.00 L DBS 1 1
Furniture
317 Blanding Blvd.
Orange Park, FL 32210
LI0107 Lifetime 11/1/92 5 $47.50 S 958 1
Fitness Center
1100 SW First Avenue
Page 79 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ocala, FL 34474
LI0110 Little Dragon 9/1/92 5 $35.00 L 956 1 1
Restaurant
2034 Kingsley Avenue
Orange Park, FL 32073
LI0120 Dr. Mark Linger 8/1/93 5 $40.00 L 956 1
2327 Oak Street
Jacksonville, FL 32204
LI0134 Lil' 9/1/91 3 $60.00 S 956 1
Champ/Jiffy Store
9143 Philips Highway
Jacksonville, Fl 32241
LO0104 Long John 2/1/91 5 $38.81 L 956 3 1 1
Silver's
5880 Normandy Blvd.
Jacksonville, FL 32205
LO0105 Long John 1/1/92 5 $38.81 L DBS 3 1 1
Silver's
1235 NW 16th Avenue
Gainesville, FL 32601
LO0106 Los Lorus 4/1/94 2 $50.00 L tapes
5210 Baymeadows Road
Jacksonville, FL 32256
LO0107 Long John 10/1/92 5 $38.50 956 1 1
Silver's
10303 US 441 South
Belleview, FL 32620
LO0108 Lone Star 11/1/94 5 $35.00 L tapes
Steakhouse
3343 SW Archer Road
Gainesville, FL 32808
LO0110 Lodge at Ponte 1/1/94 5 $535.15 L DBS 81 8 1 tapes
Vedra
607 Ponte Vedra Blvd.
Ponte Vedra Bch, FL 32082
LO0113 Lowe's /1/90 5 $35.00 S DBS 1
117 Altama Connector
Brunswick, GA 31520
LO0124 Long John 2/1/91 5 $42.35 L 956 3 1 1
Silver's
847 Dunn Avenue
Jacksonville, FL 32218
LO0180 Logistic 11/1/94 5 $84.00 L DBS 1
Services, Inc.
Page 80 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
6200 Lake Gray Blvd.
Jacksonville, FL 32244
LO0204 Long John 2/1/91 5 $35.28 L 956 3 1 1
Silver's
6551 Arlington Road
Jacksonville, FL 32211
LO0205 Long John 1/1/92 5 $45.38 L DBS 6 1 1
Silver's
710 NW 60th Street
Gainesville, FL 32805
LO0207 Long John 9/29/80 5 $38.50 L 956 4 1 1
Silver's
1828 E. Silver Springs Blvd.
Ocala, FL 34470
LO0208 Long Star 11/1/94 5 $35.00 S tapes
Steakhouse
3410 College Road
Ocala, FL 32874
LO0214 Long John 2/1/91 5 $49.50 L 956 3 1 1
Silver's
1501 Atlantic Blvd.
Neptune Beach, FL 32233
LO0304 Long John 2/1/91 5 $38.81 L 956 3 1 1
Silver's
644 US 17 South
Orange Park, FL 32073
LO0403 Long John 1/1/91 5 $42.35 L DBS 3 1 1
Silver's
2201 Memorial Drive
Waycross, GA 31501
LO0484 Long John 10/1/91 5 $46.58 L 956 1 1
Silver's
1100 US 1 South
St. Augustine, FL 32086
LO0474 Long John 2/1/91 5 $42.35 L 956 3 1 1
Silver's
9901 San Jose Blvd.
Jacksonville, FL 32218
LO0484 Long John 2/1/91 5 $38.50 L 956 3 1 1
Silver's
5209 Blanding Blvd.
Jacksonville, FL 32210
LU0100 Lucas Billiards 7/1/92 5 $41.87 L 956 8 1 1
5585 University Blvd. W
Jacksonville, FL 32218
Page 81 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LU0110 Luria's 2/1/89 1 $35.00 L 958 1
10500 San Jose Blvd.
Jacksonville, FL 32217
LU0114 Lubi's 8/1/92 5 $40.00 L 956 3 1 1
2940 University Blvd. W
Jacksonville, FL 32207
LU0120 Luria's 2/1/89 1 $35.00 L 956 1
9244 Arlington Expressway
Jacksonville, FL 32211
LU0124 Lubi's 8/1/92 5 $40.00 L DBS 3 1 1
11633 Beach Blvd.
Jacksonville, FL 32207
LU0134 Lubi's 8/1/92 5 $40.00 L 958 3 1 1
3930 Sunbeam Road
Jacksonville, FL 32257
LY0204 Lynn's 11/1/91 5 $48.74 L DBS 1 1
Hallmark Shop
6409 Newberry Road
Gainesville, FL 32805
MA0054 Magnolia Point 1/1/96 5 $145.20 L DBS 24 3 1
Golf & CC
3899 Harbor Road
Green Cove Springs, FL
32043
MA0060 Magnolia Bluff 8/1/95 5 $55.00 L DBS 45 2 1 1
Factory Shoppes
One Magnolia
Bluff Way
# F110
Darien, GA 31305
MA0104 Maidenform, 10/1/92 5 $175.00 L 956 7 2 1
Inc.
11801 Central Parkway
Jacksonville, FL 32216
MA0107 Marion 11/1/92 5 $38.50 L 956 1 1
Community Hospital
1431 SW 1st Avenue
Ocala, FL 34478
MA0110 Manatee Rays 3/1/95 5 $167.50 L DBS 21 1 1 tape deck
314 N. First Street
Jacksonville Bch., FL 32250
MA0114 Mattingly's 4/1/89 5 $40.00 L 956 4 1 1
Charcoal Grille
1528 Edgewood Avenue V'!
Page 82 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jacksonville, FL 322078
MA0120 Marsh Creek 6/1/92 5 $75.00 L DBS 1
Country Club
169 Marshside Drive
St. Augustine, FL 32084
MA0130 March Landing 7/1/95 5 $141.50 L 956 19 2 1
Bath/Health Club
608 Ponte Vedra Blvd.
Ponte Vedra Bch., FL
32082
MA0140 Mail Well 12/1/91 5 $65.00 L 956 15 1 1 1
Envelope Co.
5408 West First Street
Jacksonville, FL 32238
MA0150 Marty's 4/1/93 5 $35.00 L DBS 1 1
Seafood/Steaks
2703 Ponce deLeon Blvd.
St. Augustine, FL 32084
MA0166 Marsh Landing 9/1/95 5 $175.00 L 25 3 1 2-tape
Tennis Center mach
25855 Marsh landing
Parkway
Ponte Vedra Beach, FL
32082
MA0204 Maidenform 3/1/94 5 $198.00 L DBS 30 26 3 1
6500 Youngerman Circle
Jacksonville, FL 32244
MA0207 Market of 12/1/92 5 $79.00 L 956 1 1 1 mess.
Marion rept.
12888 US 441 SE
Belleview, FL 32620
MA0300 Mandarin 11/1/83 3 $94.77 L 956 32 2 2
Landing
10601-119 San Jose Blvd.
Jacksonville, FL 32217
MA0310 Marsh Landing 8/1/90 5 $58.50 L 956 4 1 1
Realty Office
25500 Marsh Landing
Ponte Vedra Beach, FL 32082
MA0314 Mandarin 7/1/90 5 $108.50 L 956 24 3 3
Corners Shopping Ctr.
10991 San Jose Blvd.
Jacksonville, FL 32217
MA0404 Maron & Sons 9/1/88 5 $48.40 L 956 1 1
Furniture
11173 Beach Blvd.
Jacksonville, FL 32216
MA0420 Marriott at 11/1/91 5 $298.00 S 1
Sawgrass
Page 83 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1000 TPC Boulevard
Ponte Vedra Bch., FL 32082
MA0504 Massey Dodge/Northside Dodge 11/1/86 5 $ 49.50 S 956 1
3333 Main Street
Jacksonville, FL 32206
MA0604 Matheny Imports, Inc. 5/1/92 5 $ 62.10 L 956 7 1 1 1
10277 Atlantic Blvd.
Jacksonville, FL 32225
MA0670 Marineland 9/1/94 5 $ 70.00 L DBS 10 2 1
Rt. 1, Box 122
St. Augustine, FL 32086
MA0714 Marine National Bank 10/1/91 5 $ 94.88 L 956 39 1 1
404 Julia Street
Jacksonville, FL 32202
MA0764 Market Square Mall 4/1/94 30 days $ 45.00 L 956 32 1 1
3637 Philips Highway
Jacksonville, FL 32207
MA0790 Marriott Hotel Southpoint 2/1/92 5 $178.50 L OBS 2 1
4670 Salisbury Road
Jacksonville, FL 32216
MA0800 Marsh Landing Country Club 12/1/93 5 $101.00 L DBS 3 1 tape deck
25655 Landing Park Way
Ponte Vedra Bch., FL 32082
MA0810 Marks Gray Conroy & Gibbs 11/1/95 5 $ 71.95 L DBS 4 1 1
1200 Gulf Life Drive
Jacksonville, FL 32207
MA1300/2 Gayfers 10/1/92 5 $ 65.00 L 1
9501 Arlington Expressway
Jacksonville, FL 32225
MA1300/3 Gayfers 7/1/88 5 $ 45.00 L 956 1
4535 Roosevelt Boulevard
Jacksonville, FL 32210
MA1300/6 Gayfers 12/1/93 5 $ 80.00 L DBS 1
1910 Wells Road
Orange Park, FL 32073
Page 84 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MA1308 Gayfer's 10/1/92 5 $128.00 L Video
9501 Arlington Expressway
Jacksonville, FL 32225
MA1400 Gayfers 4/1/92 5 $ 85.00 L DBS 1
10310 Southside Boulevard
Jacksonville, FL 32256
MC0100 McD 4/1/96 5 $ 30.00 L 956 7 1 1 2
5000-85 Highway #17
Orange Park, FL 32073
MC0103 McD 9/1/94 5 $ 38.50 L DBS 6 1 1
4543 Altama Avenue
Brunswick, GA 31520
MC0104 McD 6/1/95 5 $ 30.00 L 956 10 1 2
7359 103rd Street
Jacksonville, FL 32210
MC0107 McD 1/20/89 5 $ 55.00 L 956 4 1 2
SR 441 & US 301
Belleview, FL 32620
MC0110 McD 8/1/94 5 $ 38.50 L DBS 10 1 1
2485 Blanding Blvd.
Middleburg,FL 32068
MC0114 McD 10/1/94 5 $ 30.00 L 956 7 1 2
11682 San Jose Blvd.
Jacksonville, FL 32216
MC0I20 McD 8/1/94 5 $ 30.00 L 956 19 2
1870 SR 3
St. Augustine, FL 32084
MC0130 McD 8/1/94 5 $ 38.50 L DBS 7 1 1
7822 NW 50th Street
Gainesville, FL 32653
MC0140 McD 11/1/94 5 $ 38.50 L DBS 9 1 1
US 251 @ I-95
Darien, GA 31305
MC0154 McD 4/1/93 5 $ 30.00 L 956 9 1 2
372 Blanding Blvd.
Page 85 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Orange Park, FL 32073
MC0164 McD 4/1/93 5 $ 30.00 L 956 9 1 2
428 Park Avenue
Orange Park, FL 32072
MC0170 McD 8/1/94 5 $ 38.50 L DBS 12 1 1
1083 Blanding Blvd.
Orange Park, FL 32065
MC0174 McD 8/1/94 5 $ 30.00 L 956 8 1 2
SR 16 & 1-95
St. Augustine, FL 32085
MC0184 McD 8/1/94 5 $ 30.00 L 956 6 1 2
1106 Ponce deLeon Avenue
St. Augustine, FL 32085
MC0194 McD 1/1/92 5 $ 30.00 L 956 3 1 2
4227 Blanding Blvd.
Jacksonville, FL 32210
MC0203 McD 9/1/94 5 $ 38.50 L DBS 6 1 1
1802 Glynn Avenue
Brunswick, GA 31520
MC0207 McD 12/1/92 5 $ 45.00 L 956 1 1
11232 N. Williams St.
Dunnellon, FL 34430
MC0214 McDonalds 5/1/95 5 $ 38.50 L DBS 6 1 1
1896 S. 8th Street
Fernandina Beach, FL 32034
MC0224 McD 9/1/94 5 $ 30.00 L 956 10 1 2
14200 Beach Blvd.
Jacksonville Bch., FL 32250
MC0234 McD 5/1/95 5 $38.50 L DBS 8 1 1
US 301 & US 1
Callahan, FL 32011
Page 86 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MC0244 McD 10/1/94 5 $30.00 L 956 10 1 2
11230 St. Augustine Road
Jacksonville, FL 32257
MC0254 McD 8/1/94 5 $30.00 L 956 10 1 2
11130 Lem Turner Road
Jacksonville, FL 32218
MC0264 McD 8/1/94 5 $38.50 L DBS 14 1 1
10420 Philips Highway
Jacksonville, FL 32256
MC0303 McD 8/1/92 5 $43.50 L DBS 3 1 1
2304 Memorial Drive
Waycross,GA 31501
MC0304 McD 6/1/95 5 $30.00 L 956 10 1 2
6546 Normandy Blvd.
Jacksonville, FL 32205
MC0307 McD 3/1/90 5 $45.00 L DBS 1 1
8240 US 200 SE
Ocala, FL 34474
MC0403 McD 9/1/94 5 $38.50 L DBS 6 1 1
4957 New Jesup Highway
Brunswick, GA 31520
MC0404 McD 8/1/94 5 $30.00 L 956 12 1 2
11310 Beach Blvd.
Jacksonville, FL 32216
MC0413 McD 8/1/94 5 $38.50 L DBS 15 9 1
USS Stonewall
Jacksonville, St.
Kings Bay, GA 31547
MC0414 McD 8/1/94 5 $30.00 L 956 6 1 2
5911 US I North
Jacksonville, FL 32209
MC0504 McD 6/1/95 5 $30.00 L 956 10 1 2
7245 Merrill Road
Jacksonville, FL 32211
MC0600 McD 6/1/95 5 $38.50 L DBS 9 1 1
2627 Reid Street
Page 87 of
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Palatka, FL 32077
MC0603 McD 6/1/95 5 $ 38.50 L DBS 6 1 1
SR #13 & I-95
Kingsland, GA 31548
MC0604 McD 6/1/95 5 $ 38.50 L DBS 10 1 1
12311 N. Main Street
Jacksonville, FL 32218
MC0704 McD 8/1/94 5 $ 30.00 L 956 5 1 2
909 Dunn Avenue
Jacksonville, FL 32218
MC0800 McD 8/1/94 5 $ 38.50 L DBS 8 2 1
1768 Davis Street
Jacksonville, FL 32209
MC0810 McD 6/1/95 5 $ 38.50 L DBS 61 1
5110 NW 43rd Street
Gnsvl, FL 32606
MC1004 McD 9/1/94 2 $ 30.00 L 956 10 1 2
9841 Atlantic Blvd.
Jax, FL 32211
MC1024 McD 4/1/93 5 $ 30.00 L 956 8 1 2
1910 Wells Road
Orange Park, FL 32073
MC1034 McD 6/1/95 5 $ 30.00 L 956 10 1 2
3143 Emerson Street
Jax, FL 32217
MC1044 McD 8/1/94 5 $ 30.00 L 956 14 1 2
5451 Roosevelt Blvd.
Orange Park, FL 32067
MC1054 McD 8/1/94 5 $ 30.00 L 956 3 1 2
Ajax & Saratoga Street
NAS, Jax 32067
MC1064 McD 8/1/94 5 $ 30.00 L 956 7 1 1
D Avenue & 9th St.
Cecil Field, FL 32215
MC1074 McD 8/1/94 5 $ 30.00 L 956 7 1 1
Page 88 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
808 N. Edgewood Avenue
Jax., FL 32205
MC1084 McD 6/1/94 5 $38.50 L 956 10 1 1
2880 NW 13 St.
Gnsvl, FL 32601
2880 NW 13th St.
MC1094 McD 8/1/94 5 $30.00 L 956 8 1 2
1165 N. Orange
Avenue
Green Cove
Springs, FL 32043
MC1104 McD 8/1/94 5 $30.00 L 956 13 1 2
2707 Monument Road
Jax, FL 32225
MC1114 McD 8/1/94 5 $30.00 L 956 6 1 2
Mayport Naval
Station Bldg 1596
Mayport, FL 32228
MC1124 McD 9/1/94 5 $38.50 L DBS 1 1
51 Third Street So.
Jax Bch., FL 32250
MC1134 McD 8/1/94 5 $30.00 L 956 6 1 2
435 Atlantic Blvd.
Atlantic Bch.,FL
32233
MC1144 McD 8/1/94 5 $30.00 956 8 1 1
1001 University
Blvd. N.
Jax.,FL 32211
MC1154 McD 6/1/95 5 $38.50 L DBS 8 1 1
6003 Newberry Road
Gnsvl, FL 32608
MC1164 McD 6/1/95 5 $38.50 L DBS 8 1 1
3826 SW Archer Road
Gnsvl., FL 32608
MC1210 McD 9/1/94 5 $38.50 L DBS 6 1 1
2303 Demer Road
St. Simon's
Island, GA 31522
MC1300/1 McD 9/1/94 5 $38.50 L DBS 6 1 1
1003 US Highway 301
Baldwin, FL 32234
Page 89 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L'S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MC1300/2 McD 8/1/94 5 $38.50 L DBS 6 1 1 1
Rt 13, Box 185
Lake City, FL 32055
MC1300/3 McD 9/1/94 5 $38.50 L DBS 10 1 1
Barber Road & SR 121
MacClenny, FL 32055
MC1300/4 McD 9/1/94 5 $38.50 L DBS 10 1 1
Rt. 2 & I-75
Alachua, FL 32055
NC1300/5 McD 9/1/94 5 $38.50 L DBS 5 1 1
SR #136 & 1-75
White Springs, FL 32096
MC1300/6 McD 12/1/94 5 $38.50 L DBS 4 1 1
701 S. First St. & Hwy 441
Lake City, FL 32056
MC1414 McD 8/1/94 5 $30.00 L 956 9 1 2
2431 Ponce deLeon Blvd.
St. Augustine, FL 32085
MC1484 McD 8/1/94 5 $30.00 L 956 12 1 2
6001 N. Main Street
Jax., FL 32208
MC1800 McD 6/1/95 5 $30.00 L 956 10 1 2
5801 Beach Blvd.
Jax., FL 32207
MC2014 McD 6/1/95 5 $30.00 L 956 9 1 2
4310 University Blvd. W
Jax, FL 32207
MC2110 McD 7/1/95 5 $38.50 L DBS 8 1 1
AlA
Yulee, FL 32084
MC2200 McD 8/1/94 5 $30.00 L 956 3 1 2
1722 Davis Street
Jax, FL 32209
MC2500 McAlpin, Dr. Buddy 9/1/93 5 $45.00 L 956 1 1
1542 Kingsley Avenue
Page 90 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Orange Park, FL 32073
MC3100 McD 9/1/92 5 $ 45.35 L DBS 7 1 1
1-10 & Hwy 129 N.
Live Oak, FL 32060
MC3200 McD 9/1/92 5 $ 45.35 L 956 7 1 1
1415 North Young
Blvd.
Chiefland, FL 32626
MC3600 McD 6/1/95 5 $ 38.50 L DBS 9 1 1
2 Old Kings Road
Palm Coast, FL
32073
MC4014 McD 6/1/95 5 $ 38.50 L DBS 10 1 1
201 NW 13th Street
Gnsvl, FL 32609
ME0100 Meek & McLeod, CPA no contract $ 55.51 L 956 1
3250 Beach Blvd.
Jax, FL 32207
ME0104 Melting Pot 3/1/92 5 $ 46.00 S 956 1
450 Blanding Blvd.
Orange Park, FL
32073
ME0110 Melting Pot 4/1/94 5 $ 45.00 S DBS 1
301 10th Avenue N
Jax Bch, FL 32250
MC0114 Mervyn's 5/1/94 2 $ 43.00 S 956 1
9041 Southside
Blvd. #157
Jax, FL 32256
ME0120 Merrill Family 11/1/91 5 $ 38.00 L 956 3 1 1
Health Care
9119 Merrill Road
Jax., FL 32211
ME0124 Mervyn's 5/1/94 2 $ 43.00 S 956 1
6001 Argyle Forest
Blvd.
Jax, FL 32244
ME0138 Meeting Place 6/1/94 5 $ 65.00 L 7 2 tape
278 Palm Coast machin
Parkway
Palm Coast, FL
32137
ME0144 Merrill Crossings 3/1/90 5 $ 79.00 L 956 17 1 1
Shop. Ctr.
Page 91 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L'S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
9119 Merrill Rd. #7
Jax, FL 32211
ME0148 Merrill Lynch 10/1/93 5 $100.00 S messages o
Credit Corp.
4802 Deer Lake
Drive E
Jax, FL 32248
ME0170 Memorial Medical 7/1/92 5 $ 55.00 L 956 1
Center
3625 University
Blvd. S
Jax., FL 32216
ME0304 Merchant's Walk 8/1/93 5 $ 47.41 L 956 32 1 1 non
9965 San Jose Blvd. renewab
Jax, FL 32217
ME0500 Methodist Hospital 12/1/87 5 $ 88.78 S 956 1
580 W. 8th Street
Jax., FL 32209
ME0510 Methodist Hospital 1/1/92 5 $ 82.50 L 956 1 1
Pavillion
1900 Boulevard
Jax., FL 32204
MI0100 Miller's 3/1/93 5 $ 58.97 S DBS 1
7380 SR 100
Keystone Heights,
FL 32856
MI0104 Miami Subs 6/1/91 5 $ 40.00 L 956 8 1 1 1
Jax, FL 32210
MI0110 Mikasa 1/1/92 5 $ 59.00 S DBS 1
2700 SR 16
St. Augustine, FL
32092
MI0114 MikeDavidsonFord 4/1/94 5 $110.10 L DBS 32 5 2 1
9650 Atlantic Blvd.
Jax, FL 32212
MI0120 Millhopper Medical 5/1/94 5 $ 50.00 L DBS 1
Ctr
4011 NW 43rd St.
Gnsvl., FL 32606
MI0124 Miami Subs 1/1/91 5 $ 40.00 L 956 8 1 1 1 1
8355 Baymeadows Rd
Jax, FL 32216
Page 92 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MI0130 Miami Subs 12/1/93 5 $ 45.00 S DBS 1
3518 SW Archer Road
Gnsvl, FL 32608
MI0134 Miami Subs 3/1/92 5 $ 40.00 L 956 8 1 1 1 1
348 Blanding Blvd.
Orange Park, FL 32073
MI0140 Miami Subs 9/1/94 5 $ 45.00 L DBS 9 1 1 2
2175 E. Silver
Springs Blvd.
Ocala, FL 34470
MI0150 Christian S. Berdy, 5/1/91 5 $ 59.00 L 956 2 1 2
DDS
2360 Park Street
Jax, FL 32204
MI0160 Millhopper Cafe 4/1/93 5 $ 55.00 L DBS 12 1 1
5200 NW 43rd St.
Gnsvl, FL 32606
MI0170 Mike Parson's Seafood 3/1/95 5 $ 65.00 L DBS 8 1 1
11700-10 San Jose
Blvd.
Jax, FL 32223
MI0180 Miami Subs 4/1/95 5 $ 45.00 L DBS 12 1 1 1
101 Monument Road
Jax, FL 32225
MI0190 Miami Subs 7/1/95 5 $ 45.00 L DBS 9 1 1 1
3558-100 SW College
Rd.
Ocala, FL 34474
MI0200 Miller's (Stop n 6/1/91 5 $ 86.31 L DBS 25 1 1 6
Shop)
3210 Crille Avenue
Palatka, FL 32177
MI0400 Mike Shad Ford 1/1/95 5 $181.35 L 956 26 21 4 1
7700 Blanding Blvd.
Jax, FL 32244
MI0500 Miller's 6/1/91 5 $ 54.45 L DBS 1 1
1114 Highway 20
Interlachen, FL 32148
MI0600 Miller's 4/1/92 5 $ 58.45 L DBS 1 1
903 N. US 301
Page 93 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MI0700 Miller's Interprises 1/1/93 5 $ 67.20 L DBS 1 1
925 North Summit
Crescent City, FL
32112
MO0105 Morrison's 1/1/92 5 $ 72.00 L DBS 26 2 1 3
6401 Newberry Road
Gnsvl, FL 32605
MO0107 Morrison's 12/1/92 1 $ 56.50 L DBS 22 2 2 2 2 chime
3100 SW College Road unit
Ocala, FL 32270
MO0110 Mom & Pops Buffet 1/1/93 5 $ 55.00 L DBS 12 1 1
2005 US #1 South
St. Augustine, FL
32086
MO0120 Mom's Kitchen 9/1/93 5 $ 50.00 L DBS 1 1
Avenue W
Jax, FL 32208
MO0140 Morrison's 2/1/95 1 $ 35.00 S DBS 1
100 Mall Blvd.
Brunswick, GA 31520
MO0150 Mother's Care 7/1194 5 $ 39.00 L DBS 5 1 1
6331 Newberry Road
Gnsvl, FL 32605
MO0205 Morrison's 2/1/94 5 $ 81.18 L DBS 29 2 1 1
2620 NW 13th St
Gnsvl, FL 32601
MO0207 Morrison's 10/1/93 1 $ 53.50 L OBS 1 1
1600 E. Silver
Springs Blvd.
Ocala, FL 32670
MO1000 Morrison's 1/1/92 5 $ 60.65 L 956 41 1 1 1
1909 Wells Road
O.P., FL 32073
MO1100 Morrison's 1/1/92 5 $ 72.53 L 956 26 2 1 3
9805 Atlantic Blvd.
Jax, FL 32211
MO1400 Morrison's 10/1/92 5 $ 62.93 L DBS 26 2 1 3
Page 94 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
2121 US 1 South
St. Augustine,
FL 32086
MO1600 Movsovitz & Sons 10/1/89 5 $ 68.40 L 956 12 2 1
3100 Hilton Street
Jax, FL 32203
MU0100 Mullet Bay 12/1/93 5 $ 65.00 S DBS 1
512 Ocean Blvd.
St. Simon's
Is., GA 31522
MU0200 Mony Financial 12/1/91 5 $ 49.87 L 956 10 1 1
Services
7899 Baymeadows Way
Jax, FL 32256
NA0103 Navy Galley - PO $ 35.00 DBS 1
Kings Bay
Bldg. 1050
Kings Bay, GA 31547
NA0105 Nationwide 9/1/95 5 $277.29 L OBS 1 1 maintenance
Insurance Co.
3300 S.
Williston Road
Gnsvl, FL 32614
NA0114 Navy Exchange PO $ 69.00 DBS 1
Bldg 987
NAS Jax, FL
32212
NA0120 Navy Resale PO $ 55.00 DBS 1 maintenance
Activity
Bldg. 1029
NSSB Kings Bay,
GA 31547
NA0140 Navcare 1/1/95 5 $ 35.00 L 956 1
701 Mayport
Crossing Blvd
Mayport, FL 32233
NA0300 Jax Navy 7/1/95 5 $113.74 L 956 48 3 1 2
Federal Credit
Union
182 Blanding Blvd.
OP, FL 32073
NA0400 Jax Navy FCU 7/1/95 5 $ 49.46 L 956 4 1 1 1
Bldg. 26 US
Naval Station
Cecil Field, FL 32215
NA0600 Jax Navy FCU 7/1/95 5 $ 57.17 S 956 1
Box 54, Bldg. #39
US NAS Jax., FL 32212
Page 95 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NA0804 Navy Exchange PO $ 42.94 L 956 1
Warehouse
Bldg. 169
Jax, FL 32212
NA0904 Navy Exchange - Mayport PO $ 32.67 L 956 1
2292 Mayport Road #50
Jax., FL 32233
NA1300 DECA Commissary Store PO $ 40.00 L DBS 1
Naval Sub Base
Kingsland, GA 31547
NA1304 Navy Resale Activity PO $ 78.16 L DBS 1
Bldg. 5084
NAS Cecil Field, FL 32215
NA1900 Commissary Store 7/1/95 5 $ 77.24 L 956 1 1 4
Bldg. 30
Cecil Field, FL 32215
NC0300 NCR Corporation 1/1/94 5 $ 82.50 L 956 2 1 maintenance
8875 Liberty Ridge Drive
Jax, FL 32216
NE0106 Nero's 12/1/92 5 $ 65.00 L 7 1 1 tapes
3100 SW College Road
Ocala, FL 34474
NE020B Nero's 6/1/92 5 $118.90 L 1 1 4 maintenance
3607 N. University Blvd. tapes
Jax, FL 32211
NE0306 Nero's 6/1/93 5 $ 56.00 L tapes
5240 NW 34th Street
Gnsvl, FL 32601
NI0110 Nino's Pasta House 10/1/94 5 $ 79.00 L 12 2 1
4456 Hendricks Avenue
Jax, FL 32207
N10120 Nino's Pasta House 12/1/94 5 $ 61.50 L DBS 10 1 1 tapes
7457-7 103rd Street
Jax, FL 32210
N10204 Nimnicht 7/1/93 5 $139.75 L 956 18 16 2 1
Chevrolet
1550 Cassat Avenue
Page 96 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jax, FL 32238
NO0400 North FL 9/1/86 5 $ 60.50 S 956 1
Lincoln/Mercury
4420 Southside Blvd.
Jax, FL 32216
OA0104 Oak Bridge Club 12/1/93 1 $ 50.00 L 956 13 1 1
254 Alta Mar Drive
Ponte Vedra Bch.,
FL 32082
OA0105 Oaks Mall 7/1/94 2 $195.00 L DBS 109 1 1 mixer
6419 Newberry Road
Gnsvl, FL 32605
OA0107 Oakview Regional 12/1/92 5 $130.00 L DBS 35 1 1
Care Center
300 NW First Avenue
Williston, FL 32696
OA0110 Oasis 2/1/95 5 $ 85.00 L DBS 11 1 1
4000 AlA South
St. Augustine, FL
32084
OC0100 Ocala Ale House 11/1/93 5 $ 75.00 S DBS 1
305 E. 17th Street
Ocala, FL 34471
OC0107 Budgetel Inn 11/1/92 5 $ 45.00 L 956 1
3701 SW 38th Avenue
Ocala, FL 34474
OC0207 Stacey's Ocala 11/1/92 5 $ 40.00 L 956 1
Buffet
717 36th Avenue NE
Ocala, FL 34471
OC0307 Ocala Jockey Club 3/30/92 5 $ 60.00 L 956 1 1
1233 SE 10th Avenue
Ocala, FL 34470
OC0407 Ocala National Bank 11/1/92 5 $ 55.00 L DBS 1 1
112 N. Magnolia
Ocala, FL 32670
OC0507 Ocala OB/GYN 4/1/94 5 $ 57.10 L DBS 1 1
1500 SE 17th Street
Ocala, FL 34471
OK0100 O'Kane's Irish Pub & 11/1/93 5 $100.00 L DBS 16 2 1 tapes
Eatery
Page 97 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L'S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
318 Center Street
Fernandina Bch, FL
32034
OK0113 Okefenokee 4/1/91 5 $ 46.00 L DBS 2 1 1
Restaurant
103 S. 2nd Street
Folkston, GA 31537
OL0110 Old America Store 2/1/95 1 $ 35.00 L 956 1
5721 Beach Blvd.
Jax, FL 32207
OL0120 Old America Store 10/1/91 5 $ 80.00 L 956 11 1 1 1 5
1564 Park Avenue
OP, FL 32073
OL0130 Olsten Temporary 3/1/93 5 $ 45.00 L 956 1
Services
8386 Baymeadows
Road #1
Jax, FL 32256
OL0140 Old America Store 211/95 1 $ 35.00 S 956 1
9742 St. Augustine
Road
Jax, FL 32257
OL0150 Equicredit 12/1/93 5 $221.50 L 956 101 3 1
Corporation
1801 Art Museum Drive
Jax, FL 32207
OM0110 Omni Jax 4/1/93 2 $245.00 S DBS 1
245 W. Water Street
Jax, FL 32202
ON0104 One Price Clothing 1/1/91 5 $ 30.00 L 956 4 1 1
9768 Atlantic Blvd.
Jax, FL 32211
One Price Clothing 1/1/91 5 $ 30.00 L 956 4 1 1
661 5. Blanding Blvd.
OP, FL 32073
One Price Clothing 1/1/91 5 $ 30.00 L 956 4 1 1
1020-12A Edgewood
Avenue N
Jax, FL 32205
One Price Clothing 1/1/91 5 $ 30.00 L DBS 4 1 1
701 Riverside Drive
Waycross, GA 31501
Page 98 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L'S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
One Price Clothing 1/1/91 5 $30.00 L DBS 4 1 1
1929 Glynn Avenue
Brunswick, GA 31520
One Price Clothing 1/1/91 5 $30.00 L 956 4 1 1
6677-006 103rd Street
Jax, FL 32210
One Price Clothing 1/1/91 5 $30.00 L DBS 4 1 1
1212 N. Main Street
Gnsvl, FL 32601
One Price Clothing 1/1/91 5 $30.00 L DBS 4 1 1
811 US 1 S. #16/18
St. Augustine, Fl 32086
ON0107 One Price Clothing 1/1/91 5 $30.00 L 956 4 1 1
2701 SW College Road
Ocala, FL 34474
ON0124 O'Neil's Cards & Gifts 3/1/93 5 $45.00 L 956 7 1 1
9501 Arlington Expwy #301
Jax,FL 32211
ON0200 O'NeaI Steel Company 4/1/92 5 $125.47 L 956 17 1 1 1
147 Dennard Street
Jax., FL 32205
ON0300 Gretchen's Card Shop 9/1/81 5 $30.66 L 956 4 1 1
1910 Wells Road
OP, FL 32073
OR0110 Orange Park Country Club 10/1/91 5 $145.00 L 956 3 2 2 assette dec
2525 Lochrane Blvd.
OP, FL 32073
OR0140 Orange Park 2/1/95 5 $62.00 L 956 1 1 2
Hyundai/Subaru
7233 Blanding Blvd.
Jax, FL 32244
OR0150 Clay Eye Physicians & 12/1/91 5 $72.40 L 956 29 1 1
Surgeons
2023 Professional
Center Drive
OP, FL 32073
OR0200 Orange Park Mall North 7/1/95 1 $81.45 S DBS 1
1910 Wells Road
Page 99 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
OP, FL 32073
OS0110 Osh Kosh b'Gosh 7/1/95 5 $60.00 L DBS 1 1 no contract
One Magnolia Way #115
Darien, GA 31305
OS0113 Osprey Cove 6/1/95 5 $85.00 L DBS 1 maintenance
123 Osprey Drive
St. Mary's, GA 31558
OU0110 Outback Steakhouse 10/1/93 5 $70.00 S DBS 1 tapes
9773 San Jose Blvd.
Jax., FL 32257
OU0120 Outback Steakhouse 4/1/93 5 $65.00 S DBS 1
3536 SW Archer Road
Gnsvl, FL 32608
OU0130 Outback Steakhouse 10/1/93 5 $70.00 S DBS 1 tapes
9400 Atlantic Blvd.
Jax, FL 32225
OU0140 Outback Steakhouse 10/1/93 5 $70.00 S DBS 1 tapes
1755 Wells Road
OP, FL 32073
OU0150 Outback Steakhouse 5/1/93 5 $65.00 S DBS 1
3215 SW College Road
Ocala, FL 32674
OU0160 Outback Steakhouse 4/1/94 5 $70.00 S DBS 1 tapes
231 SR 312
St. Augustine, FL 32086
OU0200 Outback Steakhouse 10/1/93 5 $70.00 S DBS 1 tapes
3700 South Third Street
Jax Bch., FL 32250
OV0110 Overby's 6/1/95 1 $30.00 L DBS 2 1
2619 Philips Highway
Jax, FL 32207
OW0110 Owens Corning 1/1/94 2 $49.50 S 956 1
1035 Talleyrand Avenue
Jax., FL 32206
OW0200 Owens, Dr. C. K. 7/1/95 5 $55.00 L OBS 1 1
Page 100 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1947 Citrona
Drive, Bldg. B
Fernandina Bch,
FL 32034
PA09106 Pasta Faire 3/1/95 5 $ 75.00 L tape machin
3425 SW College
Road
Ocala, FL 34474
PA01O7 Palm Chevy 1/1/93 5 $ 49.50 L 956 1 1
2300 SW College
Road
Ocala, FL 34470
PA0110 Patient 4/1/95 5 $ 45.00 L DBS 1
Financial
Services
1430 SW 13th
Street
Gnsvl, FL 32610
PA0120 Party City 11/1/95 5 $ 75.00 L DBS 1 1
11112-12 San
Jose Blvd.
Jax., FL 32216
PA0126 Pasta Market 10/1/91 5 $ 75.00 L 1 tape machin
6419 Newberry
Road
Gnsvl, FL 32605
PA0150 Panama Hattie's 8/1/94 5 $125.00 L DBS 13 3 1 mixer
361 AlA
St. Augustine,
FL 32084
PA0206 Pasta Faire 11/1/92 5 $ 75.00 S tape machin
10401 US 441 S
Belleview, FL
32620
PA0400 First Federal 2/1/94 5 $ 61.85 L DBS 1 1
S&L of Palatka
511 St. Johns
Avenue
Palatka, FL
32077
PA0560 Palm Harbour 12/1/91 5 $107.60 L DBS 1 1
Shopping Ctr.
Four Office
Park Drive #3
Palm Coast, FL 32135
PA0900 Paragon Group 2/1/92 5 $ 78.65 S 956 1
4500 Salisbury
Road #195
Jax., FL 32216
PA1060 Embassy Suites 4/1/92 5 $158.50 S DBS 1 maintenance
9300 Baymeadows Road
Jax., FL 32216
Page 101 of 16
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PA1100 Parrish Volvo 5/1/94 5 $ 61.71 L 956 12 10 5 1
2525 Philips
Highway
Jax, FL 32207
PA1200 Pat & Mike's 4/1/92 5 $ 47.87 L DBS 6 1 1
Restaurant
4838 Highway Avenue
Jax, FL 32205
PC01O4 PCA Century 1/1/93 5 $ 55.00 S 956 1 1
Medical Health
4160 Woodcock
Drive
Jax., FL 32207
PE0100 Pets Mart 2/1/94 5 $163.00 L DBS 37 1 1 adcaster
6000 Lake Grey Blvd.
Jax, FL 32244
PE0104 Petite 1/21/94 5 $ 21.25 L 956 1 1
Sophisticate
10300 Southside Blvd.
Jax, FL 32216
PE0110 Petite 1/21/94 5 $ 21.25 L 956 1 1
Sophisticate
1910 Wells Road
OP, FL 32073
PE0120 Pelican Point 3/1/94 5 $ 85.00 L DBS 8 2 1
Restaurant
Rt. 1, Box 1672
Townsend, GA
31331
PE0130 Pets Mart 4/1/95 5 $ 43.00 L DBS 1 1
356 Monument Road
Jax, FL 3225
PE0140 Pets Mart 12/1/95 3 $ 43.00 L DBS 1 1
3500 SW College Road
Ocala, FL 34474
PE0210 Perkins State 11/1/91 5 $ 69.85 L DBS 1 1
Bank
301 E. Noble Avenue
Willsiton, FL 32696
PE0214 Perkin's 1/1/93 5 $102.30 L DBS 22 1 1 waitress
Restaurant call sys
6825 NW 8th Ave
Gnsvl, FL 32605
PE0220 Perkins State 11/1/91 5 $ 57.20 L DBS 10 1 1
Bank
Highway 19 N
Page 102 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Chiefland, FL 32626
PE0400 Brumos Motor Cars 4/1/94 1 $87.11 L DBS 12 6 2 1
10231 Atlantic Blvd.
Jax, FL 32211
PI0010 Pic n Save Drugs 8/1/92 5 $85.50 L 956 1 1 message
27 E 7th Street repea
Jax., FL 32206
PI0020 Pic n Save 8/1/92 5 $85.50 L 956 1 1 message
5535 Normandy repea
Blvd.
Jax, FL 32205
PI0030 Pic n Save 8/1/92 5 $85.50 L DBS 1 1 message
2000 Reid Street repea
Palatka, FL 32077
PI0035 Pic n Save 8/1/92 5 $85.50 L DBS I I message
300 SW 16th Street repea
Gnsvl, FL 32608
PI0040 Pic n Save 8/1/92 5 $85.50 L 956 1 1 message
203 W. 48th Street repea
Jax., FL 32206
PI0045 Plc n Save 8/1/92 5 $85.50 L DBS I I message
6111 NW 8th Avenue repea
Gnsvl, FL 32601
PI0050 Pic n Save 8/1/92 5 $85.50 L 956 1 1 message
1215 Dunn Avenue repea
Jax, FL 32218
PI0060 Pic n Save 8/1/92 5 $85.50 L 956 1 1 message
5432 Blanding Blvd. repea
Jax, FL 32210
PI0065 Pic n Save 8/1/92 5 $85.50 L DBS 1 1 message
1409 NW 23rd Avenue repea
Gnsvl, FL 32601
PI0070 Pic n Save 10/1/93 5 $85.50 L DBS I 1 message
10651 SE U5#441 repea
Belleview, FL
32620
PI0080 Piccadilly 1/1/92 5 $49.50 L 956 1 1 3
Cafeteria
Page 103 of 16
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5950 Rarnona Blvd.
Jax, FL 32205
PI0090 Piccadilly 12/1/91 5 $ 49.50 L 956 1 1 1
Cafeteria
3218 Blvd. S.
Jax, FL 32216
PI0100 Piccadily 10/1/90 5 $ 49.50 L 956 1 1 3
Cafeteria
200 Monument Road
Jax, FL 32225
PI0103 Pic n Save 8/1/92 5 $ 85.50 L DBS 1 1 message
289 W. Plum Street repeat
Jesup, GA 31545
PI0107 Pic n Save 8/1/92 5 $ 85.50 L 956 1 1 message
2905 NW Pine Street repeat
Ocala, FL 34470
PI0110 Pic n Save 8/1/92 5 $ 85.50 L 956 1 1 msg. rept.
248 Blanding Blvd.
OP, FL 32073
PI0116 Pine Lakes 7/1/96 5 $102.85 L 1 tape machin
Country Club
400 Pine Lakes Parkway
Palm Coast, FL 32137
PI0120 Pic n Save 8/1/92 5 $ 85.50 L 956 1 msg. rept.
725 Atlantic Blvd.
Atlantic Beach,
FL 32233
PI0130 Pic n Save 8/1/92 5 $ 85.50 L 956 1 msg. rept.
527 North McDuff Avenue
Jacksonville, FL 32205
PI0133 Pizza Inn 4/1/94 5 $ 45.00 L DBS 1 1
1183 Cherry Street E
Jesup, GA 31545
PI0140 Picn Save 8/1/92 5 $ 85.50 L 956 1 1 msg. rept.
8000 Lem Turner Road
Jacksonville, FL 32208
PI0143 Pizza Inn 9/1/90 5 $ 27.50 L DBS 4 1 1
1627 Frederica Road
St. Simon's Is., GA 31520
Page 104 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PI0150 Pic n Save 8/1/92 5 $ 85.50 L 956 1 1 msg. rept.
1090 N. Edgewood Avenue
Jacksonville, FL 32205
PI0153 Pizza Inn 4/1/94 5 $ 45.00 L DBS 1 1
803 S.Main Street
Baxley, GA 31513
PI0160 Pic n Save 8/1/92 5 $ 85.50 L 956 1 1 msg. rept
11 Palmer Avenue
St. Augustine, FL 32084
PI0163 Pizza Inn 1/1/96 5 $ 65.00 L DBS 1 1
2302 Memorial Drive
Waycross, GA 31501
PI0170 Pic n Save 8/1/92 5 $ 85.50 L 956 1 1 msg. rept.
8661 Old Kings Road
Jacksonville, FL 32217
PI0200 Pic n Save 8/1/92 5 $ 85.50 L 956 1 1 msg. rept.
1950 San Marco Blvd.
Jacksonville, FL 32207
PI0203 Piggly Wiggly 8/1/85 5 $ 50.00 S DBS 1 1
1312 Plant Avenue
Waycross, GA 31501
PI0210 Pic n Save 8/1/92 5 $ 85.50 L 956 1 1 msg. rept.
5909 University
Blvd. W
Jacksonville, FL 32216
PI0213 Piggly Wiggly 12/1/85 5 $ 50.00 L DBS 1 1
1022 Pierce St.
Alma, GA 31510
PI0220 Pic n Save 8/1/92 5 $ 85.50 L 956 1 1 msg. rept.
999 University
Blvd. N.
Jacksonville, FL
32211
PI0230 Pic n Save 8/1/92 5 $ 85.50 L 956 1 1 mgs.rept.
2400 S. Third Street
Jax Bch., FL 32250
PI0240 Pic n Save 8/1/92 5 $ 85.50 L 956 1 1 msg.rept.
10800 Atlantic Blvd.
Page 105 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jacksonville, FL 32211
PI0270 Pic n Save 8/1/92 5 $ 85.50 L 956 1 1 msg.rept.
11740 San Jose Blvd.
Jacksonville, FL 32223
PI0310 Pic n Save 8/1/92 5 $ 85.50 L DBS 1 1 msg.rept.
1415 N. Ohio Road
Live Oak, FL
32060
PI0323 Piggly Wiggly 6/1/88 5 $ 93.92 L DBS 17 1 1 9
US 19 &
Alligator Street
Cross City, FL
32628
PI0343 Pic n Save 8/1/92 5 $ 85.50 L DBS 1 1 msg.rept.
600 Pendleton
Street
Waycross, GA
31501
PI0500 Pitman & Sons 3/1/91 5 $151.00 L 956 21 23 3 1 mixer
5400 Longleaf
Street
Jacksonville, FL
32209
PI0544 Pitney Bowes 1/1/94 5 $175.00 L 956 75 2 1
8375 Dix Ellis Trail
Jacksonville, FL 32256
PI1200 Pitney Bowes 5/1/93 5 $ 56.00 L 956 7 1 1
Copiers
8933-11 Western Way
Jacksonville, FL 32256
PI1300 Pitney Bowes 10/1/93 5 $129.00 L 956 8 1 2 maint.
3740 St. Johns
Bluff Road
Jacksonville, FL
32216
PI1310 Piggly Wiggly no contract - TH $ 50.00 L DBS 1
300 S.
Tallahassee
Hazelhurst, GA
31539
PI2010 Piggly Wiggly 9/1/92 5 $ 83.00 L DBS 9 1 1 9
226 North Main
Street
Chiefiand, FL
32626
PL0100 Wood Hopkins 5/1/92 5 $ 53.66 L 956 1
Contracting
1901 Hill Street
Jacksonville, FL
32206
PL0107 International 6/1/95 5 $ 60.00 5 DBS 1 1
House of Pancakes
Page 106 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1124 SW Pine Avenue
Ocala, FL 32671
PLO114 Athena Restaurant 6/1/92 5 $ 40.00 L 1956 3 1 1
14 Cathedral Place
St. Augustine, FL
32084
PL0120 Planet Premier 12/1/95 5 $ 65.00 L DBS 1 CD player
10503 San Jose Blvd.
Jacksonville, FL
32257
PL0800 Plantation at Ponte 7/1/95 5 $ 75.00 L DBS 25 3 1 cassette dk
Vedra
220 Plantation Circle
Ponte Vedra Bch., FL
32082
PO0100 Ponce deLeon Mall 11/1/92 5 $129.67 L DBS 34 1 1 1
2121 US 1 South
St. Augustine, FL
32086
PO0107 Popeye's 11/1/92 5 $ 30.00 L 956 1 1
1713 SW Pine Avenue
Ocala, FL 32671
PO0113 Ponderosa Restaurant 3/1/90 5 $ 45.00 L DBS 17 1 1
1137 US 40 east
Kingsland, GA 31548
PO0123 Popeye's 12/1/90 5 $ 33.00 L DBS 1 1
1817 Glynn Avenue
Brunswick, GA 31520
PO0150 Ponte Vedra Point 5/1/91 1 $ 72.50 L 956 15 1 1 manuals
Shop. Ctr.
880 US A1A South
Ponte Vedra Bch, FL
32082
PO0200 Ponce deLeon 3/1/94 5 $423.65 L DBS 86 9 1 5
Resort/Convention Ctr
4000 US 1 North
St. Augustine, FL
32095
PO0300 Ponte Vedra Inn & 11/1/95 5 $371.24 L DBS/956 8 1 1
Club
200 Ponte Vedra Blvd.
Ponte Vedra Bch., FL
32082
PO0400/2 Popeye's 11/1/94 5 $ 33.00 L 956 8 1 1
1509 University
Blvd. N.
Jacksonville, FL 32211
Page 107 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PO0400/3 Popeye's 11/1/94 5 $ 33.00 L 956 6 1 1
1833 Kings Road
Jacksonville, FL
32204
PO0400/4 Popeye's 11/1/94 5 $ 33.00 L 956 6 1 1
5715 Normandy Blvd.
Jacksonville, FL
32205
PO0400/5 Popeye's 11/1/94 5 $ 33.00 L 956 3 1 1
5412 Norwood Avenue
Jacksonville, FL
32208
PO0400/6 Popeye's 11/1/94 5 $ 33.00 L 956 5 1 1
4108 University
Blvd. S
Jacksonville, FL
32207
PO0400/7 Popeye's 11/1/94 5 $ 33.00 L 956 5 1 1
3646 Blanding Blvd.
Jacksonville, FL 32210
PO0400/8 Popeyes 11/1/94 5 $ 33.00 L 956 1 1
2143 W. Edgewood Avenue
Jacksonville, FL 32216
PO0400/9 Popeye's 11/1/94 5 $ 33.00 L 956 5 1 1
524 Atlantic Blvd.
Neptune Beach, FL 32233
PO0400/12 Popeye's 11/1/90 5 $ 33.00 L DBS 1 1
1412 N. Main Street
Gnsvl., FL 32601
PO0400/13 Popeye's 11/1/94 5 $ 33.00 L 956 1 1
1324 Dunn Avenue
Jacksonville, FL 32218
PO0400/14 Popeye's 11/1/94 5 $ 33.00 L 956 4 1 1
656 N. Edgewood Avenue
Jacksonville, FL 32205
PO0400/15 Popeye's 11/1/94 5 $ 33.00 L 956 1 1
10132 San Jose Blvd.
Jacksonville, FL 32217
PO0400-16 Popeye's 11/1/90 5 $ 33.00 L 956 1 1
430 Blanding Blvd.
Page 108 of 16
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Orange Park, FL 32073
PO0400/18 Popeye's 11/1/94 5 $ 33.00 L 956 2 1 1
7606 Lem Turner
Jacksonville, FL
32208
PO0400119 Popeye's 4/1/91 5 $ 33.00 L DBS 2 1 1
3319 Altama Avenue
Brunswick, GA 31520
PO0400120 Popeye's 5/1/91 5 $ 33.00 L DBS 3 1 1
1340 E. University
Ave.
Gnsvl, FL 32603
PO0400121 Popeye's 11/1/94 5 $ 33.00 L 956 2 1 1
6310 103rd Street
Jacksonville, FL
32210
PO0400/22 Popeyes 11/1/94 5 $ 33.00 L 956 2 1 1
1902 N.Main Street
Jacksonville, Fl
32206
PO0400/23 Popeye's 11/1/94 5 $ 33.00 L 956 2 1 1
5545 Roosevelt
Blvd.
Jacksonville, Fl
32210
PO0400/24 Popeye's 11/1/94 5 $ 33.00 L 956 1 1
7507 Atlantic Blvd.
Jacksonville, Fl
32207
PO0400/25 Popeye's 11/1/94 5 $ 33.00 L 956 1 1
649 5. McDuff
Avenue
Jacksonville, FL
32205
PO0400/26 Popeye's 11/1 /94 5 $ 33.00 L 956 1 1
8007 Normandy
Blvd.
Jacksonville, FL
32221
PO0400/27 Popeye's 3/1/94 5 $ 33.00 L DBS 1 1
205 Duval Street W
Lake City, FL 32055
PO0400/28 Popeye's 1/1/95 5 $ 33.00 L 956 1 1
5581 Soutel Drive
Jacksonville, FL
32219
PO0404 River City 6/1/92 5 $113.00 L DBS 17 13 1 1 msg.
Chrysler/Plymouth repeat.
Page 109 of 16
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1736 Cassat Avenue
Jacksonville, FL 32210
PR0104 Prucare 9/1/91 5 $45.00 L 956 1
11261 San Jose Blvd.
Jacksonville, FL 32223
PR0110 Prucare of Jax 7/1/92 5 $45.00 L 956 1 1
9090 Regency Sq. Blvd.
Jax., FL 32211
PR0114 Pwcare 1/1/92 5 $45.00 S 956 1
4085 University Blvd. S.
Jax., FL 32216
PR0120 Prucare 1/1/92 5 $45.00 L 956 1 1
810 Lane Avenue
Jax., FL 32205
PR0130 Prucare Neighbornood Ctr 1/1/93 5 $45.00 S 956 1
1403 Dunn Avenue #26
Jax., FL 32218
PR0134 Prucare Crossroads 11/1/92 5 $45.00 S 956 1
8102 Blanding Blvd. #14
Jax., FL 32244
PR0140 Buddy Hutchinson Pontiac 1/1/95 5 $57.75 L DBS 16 8 3 1
3919 Philips Highway
Jax., FL 32207
PR0150 Premier Foods 4/1/95 5 $60.00 L DBS 1 adcaster
3118 W. Edgewood Ave
Jax., FL 32209
PR0160 Premier Foods 4/1/95 5 $60.00 L DBS 1 adcaster
1824 W. Beaver Street
Jax., FL 32209
PR0170 Prucare Health Center 4/1/95 1 $45.00 S DBS 1 maintenance
841 Prudential Drive
Jax. FL 32207
PR0180 Professional Insurance Co. 8/1/95 5 $173.51 L 956 64 2 1
4811 Beach Blvd.
Jax., FL 32207
Page 110 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PR0210 Prosperity 9/1/92 5 $ 61.60 L DBS 5 1 1
Bank of St. Aug.
100 S. Park
Blvd. #102 St.
Augustine, FL 32086
PR0360 Prosperity 12/1/91 5 $ 72.60 L 956 12 1 1
Bank of St.Aug.
790 N. Ponce deLeon Blvd.
St. Augustine, FL 32085
PR0370 Prosperity 12/1/91 5 $ 73.51 L 956 13 1 1
Bank
SR#3
St. Aug., FL 32084
PR0404 Prudential 311/95 5 $221.20 L 956 42 4 1 3 mixer
Records Center
6611 Southpoint Parkway
Jax., FL 32216
PR0414 Prudential 4/1/91 5 $ 65.00 L 956 1
1200 Gulf Life
Health Care
Drive #701
Jax. FL 32207
RP0420 Prudential 6/1/93 5 $150.00 5 956 2 maintenance
Insurance Co.
841 Prudential Drive
Jax. FL 32207
Prudential 6/1/93 5 $253.00 5 DBS 2
Insurance Co.
701 San Marco Blvd
Jax., FL 32207
PU0100 Publix Super 7/1/93 1 $ 33.00 5 956 1
Markets
8102 Beaver Street
Jax, FL 32244
Publix 7/1/93 1 $ 33.00 5 956 1
Grocery Warehouse
9785 Beaver Street
Jax., FL 32220
Publix #34 7/1/93 1 $ 33.00 5 956 1
2050 S. 3rd St.
Jax Bch., FL 32250
Publix #77 7/1/93 1 $ 33.00 5 DBS 1
298 Palm Coast Pkwy
Palm Coast, FL 32037
Publix #163 7/1/93 1 $ 33.00 5 956 1
3600 University
Blvd. W
Page 111 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jax., FL 32217
Publix #165 7/1/93 1 $33.00 S 956 1
4399 Roosevelt Blvd.
Jax., FL 32210
Publix #117 7/1/93 1 $33.00 S 956 1
9964 Old Baymeadows Rd.
Jax., FL 32256
Publix #183 7/1/93 1 $33.00 S 956 1
5858 Atlantic Blvd.
Jax., FL 32207
Publix #184 7/1/93 1 $33.00 S 956 1
1100 Dunn Avenue
Jax., FL 32218
Publix #186 7/1/93 1 $33.00 S 956 1
2285 Kingsley Avenue
Orange Park, FL 32073
Publix #187 7/1/93 1 $33.00 S 956 1
5566 San Jose Blvd.
Jax., FL 32223
Publix #198 7/1/93 1 $33.00 S 956 1
10601 San Jose Blvd.
Jax., FL 32223
Publix 199 7/1/93 1 $33.00 S 956 1
US 1 South
St. Augustine, FL 32084
Publix #206 7/1/93 1 $33.00 S DBS 1
135 Town & Country Dr.
Palatka, FL 32077
Publix #231 7/1/93 1 $33.00 S DBS 1
15288 S. Ohio Avenue
Live Oak, FL 32060
Publix #234 7/1/93 1 $33.00 S DBS 1
Rt. 8, Box 23
Lake City, FL 32055
Pubix #253 7/1/93 1 $33.00 S 956 1
Page 112 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5 TPC Blvd.
Ponte Vedra Bch, FL 32082
Publix #254 7/1/93 1 $33.00 S 956 1
985 Atlantic Blvd.
Atlantic Bch., FL 32233
Publix #263 7/1/93 1 $33.00 S 956 1
7628-24 103rd Street
Jax., FL 32210
Publix #277 7/1/93 1 $33.00 S 956 1
868 Blanding Blvd.
Orange Park, FL 32073
Publix #306 7/1/93 1 $33.00 S DBS 1
1200 NW 76th Blvd.
Gnsvl, FL 32601
Publix #309 7/1/93 1 $33.00 S 956 1
Orange Picker Rd.
& SR #13
Jax., FL 32223
Publix #322 7/1/93 1 $33.00 S 956 1
1421 Sadler Road
Fernandina Bch,
FL 32034
Publix #320 7/1/93 1 $33.00 S 956 1
2771 Monument Road
Jax., FL 32225
Publix #345 7/1/93 1 $33.00 S 956 1
7764 Normandy Blvd.
Jax., FL 32205
Publix #336 7/1/93 1 $33.00 S DBS 1
3633 SR AlA South
St. Augustine, FL 32084
Publix Data
Processing Div. 7/1/93 1 $33.00 S 956 1
9785 W. Beaver Street
Jax., FL 32220
Publix Perishable
Food Center 7/1/93 1 $33.00 S 956 1
9785 W. Beaver Street
Jax., FL 32204
Page 113 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Publix #377 7/1/93 1 $33.00 S DBS 1
4255 US 1 South
St. Augustine, FL
32084
Publix #178 7/1/93 1 $33.00 S 956 1
13170 Atlantic Blvd.
Jax., FL 32225
Publix #433 7/1/93 1 $33.00 S 956 1
14444 Beach Blvd.
Jax Bch., FL 32250
Publix #431 7/1/93 1 $33.00 S DBS 1
110 Altama Connector
Brunswick, GA 31520
Publix #435 7/1/93 1 $33.00 S DBS 1
5200 NW 43rd
Street #401
Gnsvl, FL 32606
Publix 7/1/93 1 $33.00 S DBS 1
US 441 & 102nd Lane
Belleview, FL 32620
Publix #445 7/1/93 1 $33.00 S DBS 1
SR200 & SW 103rd
Ocala, FL 32676
Pubix #105 7/1/93 1 $33.00 S DBS 1
1601 Highway 40 E
Kingsland, GA 31548
Publix 7/1/93 1 $33.00 S 956 1
5000-11 US 17 South
O.P., FL 32073
Publix #537 7/1/93 1 $33.00 S DBS 1
3720 NW 13th
Street #9
Gnsvl, FL 32608
Publix Tower Square #527 7/1/93 1 $33.00 S DBS 1
Archer & Tower Roads
Gnsvl, FL 32601
Publix #552 7/1/93 1 $33.00 S 956
Blvd.
Page 114 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jax Bch, FL 32250
PU0105 Publix #43 7/1/93 1 $ 33.00 S DBS 1
1014 N. Main Street
Gnsvl, FL 32601
Publix #125 7/1/93 1 $ 33.00 S DBS 1
125 SW 34th Street
Gnsvl, FL 32601
Publix #175 7/l/93 1 $ 33.00 S DBS 1
4115 NW 16th Blvd.
Gnsvl, FL 32605
Publix #189 7/1/93 1 $ 33.00 S DBS 1
3202 SW 35th Blvd.
Gnsvl, FL 32602
PU0107/1 Publix #193 7/1/93 1 $ 33.00 S 956 1
3450 E. Silver
Springs Blvd.
Ocala, FL 34470
PU0107/3 Publix #257 7/1/93 1 $ 33.00 S 956 1
3101 SW 34th Avenue
Ocala, FL 34474
PU0107/4 Publix #404 7/1/93 1 $ 33.00 S 956 1
2655 NE 35th Street
Ocala, FL 34470
PU0107/5 Publix #419 7/1/93 1 $ 33.00 S 956 1
303 SE 17th Street
Ocala, FL 32271
PU0110 Purple Onion 8/1/94 5 $ 59.00 L 956 3 1 1 1
800 Flagler Street
Jax., FL 32207
PU0120 Putnam State Bank 6/1/92 5 $ 83.50 L DBS 25 1 1
350 Highway 19 N
Palatka, FL 32078
PU0200 Navieras NPR, Inc. 7/1/95 5 $ 88.83 L 956 10 1 1
30 Maritime Street
Jax., FL 32203
PU0300 Putnam Medical Assoc. 10/1/95 5 $ 49.00 L DBS 1 1
Page 115 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
6121 St. Johns Avenue
Palatka, FL 32177
QU0104 Holiday Inn 3/1/93 3 $104.10 S DBS 1 1
5865 Arlington X-way
Jax., Fl 32211
QU0107 Quincy's 7/27/89 5 $ 34.03 S 956 1
2167 E. Silver
Springs Blvd.
Ocala, FL 34470
QU0105 Qualify Health of 5/1/95 5 $ 55.00 S DBS 1
Fernandina
1625 Lime Street
Fernandina Bch., FL
32034
QU0200 Quality Inn 2/1/94 5 $ 80.00 L DBS 10 1 1
125 Venture Avenue
Brunswick, GA 31525
QU0207 Quincy's 7/27/89 5 $ 34.03 S DBS 1
3355 SW College Road
Ocala, FL 34470
QU0250 Quincy's 7/27/89 1 $ 34.03 S 956 1
220 Park Avenue
O.P., FL 32073
Quincy's 7/27/89 1 $ 34.03 S 956 1
1080 Arlington Road
Jax., FL 32211
Quincy's 7/27/89 1 $ 34.03 S 956 1
9220 Baymeadows Road
Jax., FL 32216
Quincy's 7/27/89 1 $ 34.03 S 956 1
4578 Blanding Blvd.
Jax., FL 32210
Quincy's 7/27/89 1 $ 34.03 S DBS 1
US 341 & SR 25
Brunswick, GA 31520
Quincy's 7/27/89 1 $ 34.03 S 956 1
779 Dunn Avenue
Jax., FL 32218
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Quincy's 7/27/89 1 $ 34.03 S DBS 1
908 NW 60th Terrace
Gnsvl, FL 32605
Quincy's 7/27/89 1 $ 34.03 S 956 1
905 Beach Bvd.
Jax Bch., FL 32250
Quincy's 7/27/89 1 $ 34.03 S DBS 1
475 W. Duval Street
Lake City, FL 32055
Quincy's 7/27/89 1 $ 34.03 S 956 1
5086 Normandy Blvd.
Jax., FL 32205
Quincy's 7/27/89 1 $ 34.03 S 956 1
381 5\4
University Blvd W
Jax., FL 32217
Quincy's 7/27/89 1 $ 34.03 S DBS 1
1620 S. Ponce
deLeon Blvd.
St. Augustine, FL 32084
Quizno's Subs 12/1/95 5 $ 55.00 L 956 6 1 1
8535-4 Baymeadows
Road
Jax., FL 32256
RA0034 Racquet Club 5/1/94 5 $117.40 L DBS 24 1 1 tape mach
3390 Kori Road
Jax., FL 32257
RA0084 Ray's Cafe 2/1/91 5 $ 35.00 L 956 8 1 1
214 Hogan Street
Jax., FL 32202
RA0094 Ravines Golf Corp. 11/1/92 5 $ 61.50 L DBS 46 5 3 1 4
2932 Ravines Road
Middleburg, FL 32068
RA0103 Ramada Inn 5/1/94 5 $90.15 L DBS 12 2 1
3241 Glynn Avenue
Brunswick, GA 31520
RA0104 Arby's 7/1/91 5 $47.50 L 958 10 1 1
9171 Baymeadows Road
Page 117 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
RA0107 Rainbow Springs 11/1/93 5 $ 75.25 L DBS 3 1 1 1
CC
US 41 North
Dunnellon, FL 34430
RA0110 Rally's 8/1/93 5 $ 25.00 L 945 1 1
1008. 3rd St.
Jax Bch., FL 32250
RA0113 Ramada Inn 4/1/94 5 $ 54.45 L DBS 1 1
I-95 & US 341
Brunswick, GA 31525
RA0114 Arby's 7/1/91 5 $ 47.50 L 956 10 1 1
9361 Atlantic Blvd.
Jax.,FL 32211
RA0120 Rallye Motors 7/1/94 2 $ 55.00 L DBS 1 1
1749 SW College
Road
Ocala, FL 34474
RA0140 Ragtime Tavern 11/1/92 5 $168.00 L DBS 21 3 1
207 Atlantic Blvd.
Atlantic Bch. FL 32233
RA0150 Rainatree Inn 11/1/94 5 $ 50.00 L DBS 1 1
102 San Marco
Avenue
St. Augustine, FL 32084
RA0160 Ranger 2/1/94 5 $210.00 L DBS 140 2 1
Transportation
4057 Carmichael Avenue
Jax., FL 32207
RA0164 Rally's 6/1/93 5 $ 25.00 L 956 1 1
7809 Lem Turner Road
Jax., FL 32208
RA0180 Rally's 6/1/93 5 $ 25.00 L 956 1 1
853 5. Blanding Blvd.
0. P., FL 32065
RA0190 Rally's 9/1/93 5 $ 25.00 L 956 1 1
7504 Atlantic Blvd.
Jax.,FL 32211
RA0200 Rally's 9/1/93 5 $ 25.00 L 956 1 1
Page 118 of 16
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1819 N. Main Street
Jax., FL 32206
RA0204 Arby's 7/1/91 5 $ 47.50 L 956 8 1 1
3939 University
Bvd. W
Jax., FL 32217
RA0207 Ramada Inn 1/1/94 5 $200.00 L DBS 33 5 1 1
3810 NW
Blitchton Road
Ocala, FL 32675
RA0230 Ramada Inn - Jax 4/1/95 5 $166.50 L DBS 40 4 3 1 2
Bch
1201 N. First Street
Jax. Bch, FL 32250
RA0304 Arby's 7/1/91 5 $ 47.50 L 956 10 1 1
5660 Beach Blvd.
Jax., FL 32207
RA0544 Ramada Inn 5/1/91 5 $ 85.00 S 956 1
3130 Hartley Road
Jax., FL 32217
RA0650 Holiday Inn on 5/1/93 5 $153.29 L DBS 15 2 1 1
the Beach
860 AlA S. Beach Blvd.
St. Augustine, FL 32084
RA0904 Rally's 12/1/87 5 $ 42.50 L 956 2 1 1
5615 Normandy Blvd.
Jax., FL 32205
RA0914 Rally's 12/1/87 5 $ 42.50 L 956 2 1 1
7411 103rd Street
Jax., FL 32210
RA0934 Rally's 2/1/88 5 $ 42.50 L 956 2 1 1
5927 University Bvd. W
Jax., FL 32216
RA0944 Rally's 3/1/88 5 $ 42.50 L 956 2 1 1
290 Blanding Blvd.
O.P., FL 32073
RA0964 Rally's 10/1/88 5 $ 42.50 L 956 2 1 1
9741 San Jose Blvd.
Jax., FL 32217
Page 119 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
RA1114 Rally's 9/1/93 5 $25.00 L 956 1 1
11361 Beach Blvd.
Jax Bch., FL
32250
RE0108 Regency Dodge 6/1/70 3 $30.25 L 7 10 1 1 paging only
9875 Atlantic
Blvd.
Jax.,FL 32211
RE0115 Regency Mazda 4/1/93 5 $53.50 L DBS 1 1
4025 N. Main
Street
Gnsvl, FL 32609
RE0120 Red Barn 1/1/95 5 $57.50 L DBS 9 2 1 1
5213 Wesconnet
Blvd.
Jax, FL 32210
RE0125 Regency Nissan 4/1/93 5 $53.50 L DBS 1 1
3915 N. Main
Street
Gnsvl., FL 32609
RE0140 Renal Dialysis 2/1/95 5 $45.00 L DBS 1 1
Ctr.
2409 SW Archer Road
Gnsvl, FL 32608
RE0150 Memorial Hospital 6/1/91 5 $70.00 L 956 23 1 2
3625 University
Blvd. S
Jax., FL 32216
RE0160 Regency Harley 1/1/96 5 $45.00 L 956 11 1 1
Davidson
10399 Atlantic Blvd.
Jax., FL 32225
RE0210 Revco Drug Store 1/1/90 5 $30.00 L DBS 1 1
1709 Gloucester
Street
Brunswick, GA 31520
RE0220 Revco 1/1/90 5 $30.00 L DBS 10 1 1 1
510 New Jesup Highway
Brunswick, GA 31520
RE0230 Revco 1/1/90 5 $30.00 L 10 1 1 1
215 E. Parker Street
Baxley, GA 31513
RE0240 Revco 1/1/90 5 $30.00 L 9 1 1 1
1351-13 E. Boone Street
Page 120 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L'S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Kingsland, GA
31548
RE0250 Revco 1/1/90 5 $30.00 L DBS 5 1 1
6000 Sea Island
Causeway
St. Simon's
Island, GA 31522
RE0253 Revco 1/1/90 5 $30.00 L DBS 12 1 1
222 Retreat Road
St. Simon's
Island, GA 31522
RE0260 Revco 1/1/90 5 $30.00 L DBS 12 1 1
S Tallahassee Street
Hazelhurst, GA 31539
RE0263 Revco 1/1/90 5 $30.00 L DBS 5 1 1
970 Sunset Blvd.
Jesup, GA 31545
RE0313 Revco 1/1/90 5 $30.00 L DBS 10 1 1
2603-B Osbom Street
St. Mary's, GA 31558
RE0400 Regency Square Mall 7/1/94 5 $85.00 S DBS 1
9501 Arlington X-way
Jax.,FL 32211
RE0410 Reflect a Light 7/1/92 5 $62.05 L DBS 1 1 1 1
US 17 North
Palatka, FL 32177
RE0450 Regency Park S.C. 8/1/90 5 $55.00 L 956 31 1 1
9400 Atlantic
Blvd.
Jax.,FL 32211
RE0500 Barnell Regency 2/1/93 1 $69.00 L 956 65 3 1 2
Tower
9550 Regency Sq.
Blvd.
Jax.,FL 32211
RH0107 Rheinauers 12/1/92 5 $55.00 S DBS 1
2005 E. Silver
Springs Blvd.
Ocala, FL 34470
RH0114 Rhodes Furniture Co. 3/1/95 5 $93.00 S DBS 1
266-25 Blanding
Blvd.
OP, FL 32073
RH0118 Rhodes Furniture no contract $20.00 L 1 paging
only
Page 121 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
266-25 Blanding Blvd.
OP, FL 32073
RH0120 Rhodes Furniture 3/1/95 5 $ 93.00 S DBS 1
11030 Philips Highway
Jax., FL 32223 no contact
RH0128 Rhodes Furniture $ 20.00 L paging only
11030 Philips Highway
Jax., FL 32223
RH0130 Rhodes Furniture 3/1/95 5 $ 93.00 S DBS 1
2305 NW 13th Street
Gnsvl., FL 32601
RH0138 Rhodes Furniture no contract $ 20.00 L paging only
2305 NW 13th Street
Gnsvl, FL 32601
RH0200 Rhodes Furniture 3/1/95 5 $ 93.00 S DBS 1
4700 Walgreen Road
Jax., FL 32209
RH0208 Rhodes Furniture no contract $ 20.00 L paging only
4700 Walgreen Road
Jax., FL 32209
RH0300 Rhodes Furniture 3/1/95 5 $ 93.00 S DBS 1
5960 Beach Blvd.
Jax., FL 32207
RH0308 Rhodes Furniture no contract $ 20.00 L paging only
5960 Beach Blvd.
Jax., FL 32207
RI0040 Rich Sea Pak Corp. 4/1/95 5 $135.00 L DBS 20 3 1
McKinnon Airport
St. Simon's
Island, GA 31522
RI0100 Ring Power Corp 10/1/94 5 $289.00 L DBS 125 40 9 1
8050 Philips Highway
Jax., FL 32232
RI0107 River Boat Steakhouse 9/1/95 5 $112.50 L DBS 1 1
2330 S. Pine Street
Ocala, FL 34472
Page 122 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
RI0108 Rio Bravo 3/1/95 5 $ 60.00 L 30 1 mixer
8520 maint. only
Baymeadows Road
Jax., FL 32256
RI0110/2 Ritz Carlton 4/1/95 5 $320.00 L DBS 38 3 1
4750 Amelia
Island Parkway
Amelia Island,
FL 32034
RI0110/3 Ritz Carlton 11/1/95 5 $165.00 L DBS 11 1 1 tape machine
Waiting Lounge
4750 Amelia
Island Parkway
Amelia Island,
FL 32034
RI0110 Ocean Bar & Grille 4/1/95 5 $ 50.00 L DBS 5 1 1
4750 Amelia
Island Parkway
Amelia Island, FL 32034
RI0120 Rich's BBQ 11/1/93 5 $ 40.00 L DBS 1 1
1018 Cassat Avenue
Jax, FL 32205
RI0130 River City Brewery 4/1/95 5 $165.00 L DBS 53 5 10 1
835 Museum Drive
Jax., FL 32202
RI0140 Rich's BBQ 10/1/95 5 $ 58.00 L DBS 10 1 1
11527 San Jose Blvd.
Jax, FL 32217
RI0150 River Place SC 5/1/95 5 $ 82.50 L 956 22 1 1
11111 San Jose Blvd. #52
Jax., FL 32223
RI0160 Rich's BBQ 2/1/94 5 $ 58.00 L DBS 10 1 1
505 N. Orange St.
Green Cove Springs, FL
32043
RI0200 Riverside Clinic 12/1/90 5 $ 75.00 L 956 3 1 3 maintenance
2005 Riverside Avenue
Jax., FL 32204
RI0300 Riverside Hospital 11/1/75 5 $ 71.17 S 956 1
2033 Riverside Avenue
Jax., FL 32204
RO0100 Rooms to Go 9/1/94 5 $ 65.00 L DBS 15 1 1 1
142 Blanding Blvd.
Page 123 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L'S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
RO0103 Golden Isles Dental 3/1/95 5 $ 46.59 L DBS 5 1 mainenance
3010 Hampton Avenue #2
Brunswick, GA 31520
RO0107 Rooms to Go 12/1/92 5 $ 65.00 L DBS 15 1 1
3710 College Road
Ocala, FL 34474
RO0144 Rosenblums 6/1/94 5 $ 75.00 L DBS 14 1 1
1550 University Blvd. W
Jax, FL 32217
RO0200 Rooms to Go 9/1/94 5 $ 65.00 L DBS 15 1 1 1
9344 Atlantic Blvd.
Jax., FL 32225
RO0207 Dr. Michael Rotstein 9/1/95 5 $ 36.80 L DBS 1 1
1007 SW 1st Avenue
Ocala, FL 34474
RO0210 Rooms to Go 10/1/94 5 $ 65.00 L DBS 15 1 1 1
10370 Phillips Highway
Jax., FL 32207
RO0250 Rocky's Ribs 1211/95 5 $ 45.00 DBS 10 1 1
7520 W. Newberry Road
Gnsvl, FL 32606
RO0300 Roosevelt Mall 3/1/92 5 $178.50 L DBS 38 4 1 3
4529 Roosevelt Blvd.
Jax., FL 32210
RO0500 Royal Services 1/1/92 5 $ 57.48 L 956 13 1 1 1
123 Park Street
Jax., FL 32204
RS0100 RS&H, Inc 9/1/94 5 $145.00 S DBS 1 1 maintenance
4651 Salisbury Road
Jax., FL 32216
RY0040 Ryans 1/1/96 5 $ 43.75 L 956 15 1 1
1008 N. Edgewood Avenue
Jax., FL 32205
RY0050 Ryans 1/1/96 5 $ 43.75 L 956 15 1 1
Page 124 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION> CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L'S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- ------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3546 Blanding Blvd.
Jax., FL 32210
RY0060 Ryans 1/1/96 2 $43.75 L 956 15 1 1
4923 University Blvd. W
Jax., FL 32216
RY0070 Ryans 1/1/96 2 $43.75 L 956 15 1 1
7700 Merrill Road
Jax.,FL 32211
RY0080 Ryans 1/1/96 2 $43.75 L 956 15 1 1
475 Blanding Blvd.
OP, FL 32073
RY0090 Ryans 1/1/96 2 $43.75 L 956 15 1 1
11702 Beach Blvd.
Jax., FL 32216
RY0107 Ryans 1/1/96 2 $43.75 L 956 15 1 1
3933 E. Silver Springs
Blvd.
Ocala, FL 34470
RY0110 Ryans 1/1/96 2 $43.75 L 956 15 1 1
1425 Atlantic Blvd.
Neptune Bch., FL 32266
RY0124 Ryans 1/1/96 2 $43.75 L DBS 15 1 1
2501 N. Main Street
Gnsvl, FL 32601
RY0130 Ryans 1/1/96 2 $43.75 L DBS 15 1 1
5100 US 90 West
Lake City, FL 32055
RY0190 Ryans of Brunswick 11/1/96 2 $46.00 L DBS 15 1 1
665 Scranton Road
Brunswick, GA 31520
SA0100 S&S Cafeteria 9/1/92 5 $48.91 L 956 1 1
3606 Blanding Blvd.
Jax., FL 32210
SA0124 Saturn of OP 8/1/92 5 $42.50 L 956 1 3 3 1
8105 Blanding Blvd.
OP, FL 32244
Page 125 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SA0130 Saturn of the 8/1/95 5 $ 92.00 L DBS 20 9 2 1
Avenues
10853 Philips
Highway
Jax., FL 32256
SA0140 Sawgrass Country 1/1/94 5 $185.00 L DBS 37 4 1 3
Club
10034 Golf Club
Drive
Ponte Vedra
Bch., FL 32082
SA0150 Salty's 2/1/94 5 $ 45.00 L 956 1 1
1965 Lane Avenue S
Jax., FL 32205
SA0154 Sam's St. Johns 6/1/93 5 $ 40.00 L 956 6 1 1
Seafood
4453 Blanding
Blvd.
Jax., FL 32210
SA0164 Saturn of Regency 7/1/95 5 $ 87.00 L DBS 20 8 3 1
8600 Atlantic
Blvd.
Jax, FL 32211
SA0170 Safecard Services 1/1/95 5 $ 35.00 L DBS 1
10475 Fortune
Parkway #210
Jax., FL 32256
SA0174 Sandeastle/South 5/1/90 5 $122.50 L DBS 49 3 3
Beach
J. Turner Butler
& Third Street
Jax Bch., FL 32250
SA0184 Sam's St. Johns 6/1/93 5 $ 65.00 L DBS 9 1 1
Seafood
7119 US 441 NW
Ocala, FL 32670
SA0310 Santa Maria 1/1/93 5 $240.42 L DBS 34 3 1 2
Restaurant
135 Menendez
Avenue
St. Augustine, FL
32084
SA0316 San Marco Grille 10/1/86 5 $103.13 L 9 tape mach.
123 San Marco
Avenue
St. Augustine, FL
32084
SA0510 St. Luke's 7/1/94 5 $ 65.00 L 956 1 1
Hospital
4205 Belfort Road
Jax., FL 32216
SA0620 St. Vincent dePaul 1/1/93 5 $ 50.00 L 956 25 2
2565 Park Street
Jax., FL 32204
</TABLE>
Page 126 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SA0703 St. Simons Island 5/1/91 5 $70.00 L DBS 1 1
Club
100 Kings Way
St. Simon's Island,
GA 31522
SA0800 San Jose Country 9/1/94 5 $217.00 L DBS 1 Anchor
Club podiu
7529 San Jose
Blvd.
Jax. FL 32217
SA1200/1 Sawgrass Beach 10/1/94 5 $195.00 L DBS 26 3 1
Club
10034 Golf Club
Drive
Ponte Vedra Bch.,
FL 32082
SA1300 Arvida/Sawgrass 3/1/78 5 $46.59 L 956 8 1 1
Admin. Bldg.
10033 Sawgrass
Drive West
Ponte Vedra Bch.,
FL 32082
SA1400 Sawyer Gas 12/1/91 5 $39.30 L 956
7162 Philips
Highway
Jax., FL 32216
SA1500 IML Properties/ 4/1/92 5 $129.50 L DBS 46 2 1
Sawgrass Village
Four Sawgrass
Village #110
Ponte Vedra Bch.,
FL 32082
SA1550 Sawgrass Pool & 6/1/95 5 $185.00 L DBS 18 4 1
Activities
10034 Golf Club
Drive
Ponte Vedra Bch,
FL 32082
SC0100 Scotty's 6/1/94 3 $40.00 L DBS 1
5440 NW 13th
Street
Gnsvl, FL 32606
Scotty's 6/1/94 3 $40.00 L DBS 1
2198 Highway 90 W
Lake City, FL 32055
Scotty's 6/1/94 3 $40.00 L DBS 1
1770 St. Johns Bluff
Road
Jax., FL 32216
Scotty's 6/1/94 3 $40.00 L DBS 1
700-16 Blanding
Blvd. S.
OP, FL 32065
Scotty's 6/1/94 3 $40.00 L DBS 1
</TABLE>
Page 127 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
8808 Lem Turner
Jax., FL 32208
Scotty's 6/1/94 3 $40.00 L DBS 1
2370 SW College Road
Ocala, FL 34474
Scotty's 6/1/94 3 $40.00 L DBS 1
9545 San Jose Blvd.
Jax, FL 32257
Scotty's 6/1/94 3 $40.00 L DBS 1
1830 8th Street S
Fernandina Beach, FL
32034
Scotty's 6/1/94 3 $40.00 L DBS 1
6024 103rd Street S
Jax., FL 32210
Scotty's 6/1/94 3 $40.00 L DBS 1
2710 NE Silver
Springs Blvd.
Ocala, FL 34470
Scotty's 6/1/94 3 $40.00 L DBS 1
3802 Newberry Road
Gnsvl, FL 32607
Scolly's 6/1/94 3 $40.00 L DBS 1
5800 Beach Blvd. #101
Jax., FL 32207
Scotty's 6/1/94 3 $40.00 L DBS 1
1940 US 1 S
St. Augustine, FL
32086
Scotty's 6/1/94 3 $40.00 L DBS 1
630 Atlantic Blvd.
Neptune Beach, FL
32266
Scotty's 6/1/94 3 $40.00 L DBS 1
333 Highway 19 North
Palatka, FL 32177
SC0113 Schell & Hogan 3/1/93 5 $86.00 L DBS 26 2 1
1600 Ellis Street
Brunswick, GA 31521
</TABLE>
Page 128 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SE0010 Seafood Kitchen 10/1/88 5 $49.50 L 956 4 1 1
31 Royal Palm
Drive
Atlantic Bch, FL
32233
SE0103 Sea Island 10/1/90 5 $106.48 S DBS 1 maintenance
Company/Cloister
Sea Island, GA
31561
SE0107 Sears 11/1/92 5 $45.00 L DBS 1
201 SW 33rd Street
Ocala, FL 34474
SE0110 Sea-land Service 5/1/89 5 $35.00 L 956 22 1 1
5800 William
Mills Street
Jax., FL 32226
SE0113 Sea Island Golf 3/1/91 5 $35.00 L DBS 1 1
Club
100 Retreat Road
St. Simon's
Island, GA 31522
SE0120 Service 1/1/92 2 $35.00 L DBS 1 1
Merchandise
7111 NW 10th Place
Gnsvl, FL 34474
Service 1/1/92 2 $35.00 L 956 1 1
Merchandise
9400 Atlantic Blvd.
Jax., FL 32225
Service 1/1/92 2 $35.00 L 956 1 1
Merchandise
2405 SW 27th Avenue
Ocala, FL 32671
Service 1/1/92 2 $35.00 L 956 1 1
Merchandise
6001-25 Argyle
Forest Blvd.
Jax., FL 32244
Service 1/1/92 2 $35.00 L 956 1 1
Merchandise
9041 Southside Blvd.
#140
Jax. FL 32256
SE0130 Seafood Galore 1/1/94 3 $40.00 L 956 1 1
1589 Atlantic
Blvd.
Neptune Bch, FL
32033
SE0140 Sea Turtle 1/1/95 5 $559.03 L DBS 68 68 11 1 2 tape mach
One Ocean Blvd.
Atlantic Bch.,FL
32233
</TABLE>
Page 129 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SE0213 Sea Palms Resort 1/1/92 5 $35.00 L DBS 40 1 1
5445 Frederica
Road
St. Simon's
Island, GA 31522
SE0313 Sears 2/1/91 5 $41.97 L DBS 1 1
Three Mall Blvd.
Brunswick, GA
31520
SE0450 Sears 10/1/87 5 $46.16 S DBS 1
9501 Arlington
X-way
Jax., FL 32225
SE0500 Sears 5/1/92 5 $35.00 S 956 1
3333 N. Canal
Street
Jax., FL 32209
SE0604 Sears 8/1/91 5 $57.06 L 956 1
1910 Wells Road
OP, FL 32073
SE0804 Sears 7/1/92 5 $56.42 L 956 5 6 1 1
10501 Busch Drive N
Jax, FL 32218
SE0850 Seaside Market 6/1/91 5 $42.35 S DBS 1 1 1
312 Moody Blvd.
Flagler Beach, FL
32036
SE1000 Selva Marina 1/1/94 5 $128.50 L DBS 1
Country Club
1600 Selva Marina
Drive
Atlantic Bch, FL
32233
SH0094 Paul West Ford 12/1/91 1 $109.67 L DBS 16 11 2 1
3333 N. Main
Street
Gnsvl, FL 32609
SH0104 Shoppes of 12/1/91 5 $53.00 L 956 8 1 1
Northside
363-3 Atlantic
Blvd.
Atlantic Bch, FL
32233
SH0106 Shands Home 2/1/95 5 $55.00 L tape machin
Health Care
1600 SW Archer
Road
Gnsvl, FL 32608
SH0110 Shands Cancer Ctr 5/1/93 5 $45.00 L DBS 1 1
1600 SW Archer
Road
</TABLE>
Page 130 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Gnsvl, FL 32608
SH0120 Shands Hospital 4/1/94 5 $45.00 L DBS 1 1
Bldg. 1329
1329 SW 16th
Street
Gnsvl, FL 32608
SH0125 Shands Hospital 7/1/92 5 $69.00 L DBS 1 1
1600 SW Archer
Road J-366
Gnsvl, FL 32608
SH0130 Shands Home Care 2/1/95 5 $45.00 L DBS 1 1
8382 Baymeadows
Road
Jax., FL 32256
SH0160 Shands Home 2/1/95 5 $45.00 L DBS 1 1
Health Care
3200 SW 34th
Avenue #203
Ocala, FL 34474
SH0203 Shoney's 8/1/91 5 $38.00 S DBS 1 no renewal
US 341 & 1-95
Brunswick, GA
31520
SH0213 Shoney's 8/1/91 5 $38.00 S DBS 1 no renewal
3231 Glynn Avenue
Brunswick, GA
31520
SH0220 Shoney's 7/1/90 5 $98.00 L DBS 9 2 2
2707 Sadler Road
Fernandina Bch.,
FL 32034
SH0300 Howard Johnson's 2/1/94 1 $128.33 L DBS 18 3 3 1
300 AlA
St. Augustine, FL
32084
SH0403 Shoney's 10/1/91 5 $38.00 S DBS 1 no renewal
1900 Memorial
Drive
Waycross, GA 31501
SH0410 Sheraton Palm 6/1/94 5 $348.63 L DBS 89 1 5
Coast
300 Clubhouse
Drive
Palm Coast, FL
32037
SH0500 Days Inn 6/1/91 5 $43.00 L 956 19 3 1
Oceanfront Resort
1031 S. First
Street
Jax Bch., FL 32250
SH0550 Sherlon 3/1/92 5 $126.78 L 956 72 1 1
Investment Corpl.
</TABLE>
Page 131 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
550 Water Street
#415
Jax, FL 32202
SH0600 Marina Hotel 3/1/95 5 $240.00 L DBS 1 1 2 tape mach
1515 Prudential
Drive
Jax., FL 32207
SI0101 Simms Furniture 11/1/92 5 $40.00 L 956 1 1
Mart
9311 5R200 SW
Ocala, FL 32676
SI0110 Denny Silva, PC 12/1/93 5 $55.00 L DBS 1 1
641 Ocean Blvd.
St. Simon's
Island, GA 31522
SI0140 Sierra Grille 1/1/96 5 $65.00 L DBS 8 1 1
331 Marsh Landing
Parkway
Jax Bch, FL 32250
SK0100 Skyline 4/1/93 5 $75.00 L DBS 1 1
Singlewide
Division
1230 SW 10th
Street
Ocala, FL 34478
SO0107 Sonny's 1211/92 5 $55.00 L DBS 1 1
1845 SW College
Road
Ocala, FL 34470
SO0140 Southern Bell 4/1/95 5 $55.00 L 956 1 1
Business
301 West Bay
Jax., FL 32202
SO0200 Sonny's 1/1/93 5 $77.00 L DBS 4 1 1 1
SO0207 Sonny's 11/1/92 5 $55.00 DBS
4102 E. Silver
Springs Blvd.
Ocala, FL 34470
SO0307 South Trust Bank 6/1/89 5 $55.00 S 956 1
5407 SE 111th
Street
Belleview, FL
34420
SO0407 South Trust Bank 12/1192 5 $50.00 L 956 1 1
3620 SE Maricamp
Road
Ocala, FL 34471
</TABLE>
Page 132 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SO0410 Sonny's 4/1/95 5 $50.00 L DBS 12 1 1 1
4615 SR 484
Belleview, FL
34471
SO0507 South Trust Bank 12/1/92 5 $50.00 L 956 1 1
9268 SE Maricamp
Road
Ocala, FL 34478
SO0600 Sonny's 2/1/93 5 $77.00 L DBS 10 2 1 1
10840 Harts Road
Jax., FL 32209
SO0607 South Trust Bank 1/1/91 5 $80.00 L DBS 2 2
2001 SW 17th
Street
Ocala, FL 34478
SO0700 South Blanding 1/1/92 5 $72.50 L DBS 20 1 1
Village
700 Blanding Blvd.
OP, FL 32065
SO0806 Sonny's 1/1/89 5 $97.35 L 11 tape mach
1720 US 1
South
St. Augustine, FL
32084
SO0900 Sonny's 10/1/92 5 $77.00 L DBS 3 1 1 1 1
2608 Reid
Street
Palatka, FL 32077
SO1010 Sonny's 6/1/95 5 $180.00 L DBS 16 1 1 J-tech sys.
210 A1A West
Fernandina Bch, FL
32034
SO1020 Sonny's 1/1/93 5 $77.00 L DBS 10 2 1 1 1
8220 Atlantic Blvd.
Jax, FL 32211
SO1030 Sonny's 1/1/93 5 $77.00 L DBS 14 1 1 1
1976 Kingsley Ave.
OP, FL 32073
SO1040 Sonny's 5/1/95 5 $180.00 L DBS 18 1 1
J-Tech sysm 1 waitress
SR#40 cal
Kingsland, GA 31558
SO1044 Sonny's 8/1/93 5 $74.00 L DBS 14 2 1 1 1
3635 Archer Road SW
</TABLE>
Page 133 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Gnsvl, FL 32608
SO1050 Sonny's 3/1/93 5 $77.00 L DBS 10 2 1 1
4434 Blanding
Blvd.
Jax., FL 32210
SO1053 Sonny's of Brunswick 11/1/89 5 $125.00 L DBS 14 2 1 1
5328 New Jesup
Highway
Brunswick, GA
31525
SO1054 Sonny's 3/1/93 5 $74.00 L DBS 11 2 1 1
2700 N. Waldo Road
Gnsvl., FL 32601
SO1060 Sonnys 11/1/93 5 $67.50 L DBS 14 1 1
Rt 13, box 188
Lake City,FL 32055
SO1070 Sonny's 10/1/91 5 $77.00 L DBS 17 1
SR441 & I-75
Alachua, FL 32615
SO1076 Sonny's 7/23/85 5 $95.00 L 12 2 2 1 tape mach
230 South Temple
Starke, FL 32091
SO1080 Sonnys 2/1/93 5 $77.00 L DBS 6 2 1 1 1
1909 Beach Blvd.
Jax Bch., FL 32250
SO1090 Sonny's 2/1/93 5 $77.00 L DBS 10 2 1 1
19238 S. Lane Avenue
Jax.,FL 32210
SO1104 Southeastern 8/1/94 5 $121.58 L 956 8 22 1 1
Aluminum
6701 Sumac Place
Jax., FL 32236
SO1200 So. Bell Bus. 3/1/94 5 $55.00 L 956 1 1
Cust. Advocate.
301 W. Bay Street
- 25th fl
Jax., FL 32202
SO1300 Bell South 5/1/94 5 $55.00 L 956 1 1
6-BBI Southern
Bell Tower
301 W. Bay Street
Jax, FL 32202
</TABLE>
Page 134 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SO1500/1 Southern Bell 4/1/89 5 $134.31 L 956 144 3 1 1
3100 Emerson
Street
Jax., FL 32207
SO1500/2 Southern Bell See SO1500-
3100 Emerson 0001
Street
Jax., FL 32207
SO1500/3 Southern Bell See SO1500-
3100 Emerson 0001
Street
Jax, FL 32207
SO1500/4 Southern Bell See SO15OO-
3100 Emerson 0001
Street
Jax., FL 32207
SO1604 Bellsouth 1/1/92 5 $147.00 L DBS 28 1 1
903 W. University
Ave.
Gnsvl, FL 32602
SP0100 Spires IGA 4/1/93 5 $77.50 L DBS 19 1 1 1 5
610 SW First
Street
Lake Butler, FL
32054
SP0110 Springmaid 8/1/95 5 $75.00 L DBS 14 1
Warnsutta #142
One Magnolia
Bluff Way
Darien, GA 31305
SP0130 Sprint United 11/1/94 5 $35.00 L 956 1 MOH only
Telephone
7406 Fullerton
Street
Jax., FL 32256
SP0200 Sprint 9/1/92 1 $100.00 S DBS 1
6225 Lake Gray
Blvd.
Jax., FL 32244
SP0218 Sprint no contract $40.00 L stand by
6225 Lake Gray cassette
Blvd.
Jax., FL 32244
ST0020 State Farm no contract $60.00 L DBS 1
Insurance Co.
150 Scranton
Connector
Brunswick, GA
31525
ST0054 Barnett Recovery 10/1/92 5 $175.00 L 956 55 1 1
Corp.
9000 Southside
Blvd.
</TABLE>
Page 135 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jax., FL 32232
ST0080 State Farm 10/1/88 1 $45.00 L 956 1 1
Insurance Company
9100 Regency
Square Blvd.
Jax., FL 32211
ST0084 Steak n Shake 7/1/93 5 $65.00 L DBS 1 1
1610 SW 13th
Street
Gnsvl, FL 32601
ST0090 State Farm Mutual 9/1/90 1 $45.00 L 956 1 1
Ins. Co.
11331 San Jose
Blvd.
Jax., FL 32223
ST0100 SteinMart 12/1/91 5 $53.00 S DBS 1
3560 University
Blvd.W
Jax., FL 32217
ST0104 SteinMart 9/1/92 5 $53.00 S DBS 1
11111-80 San Jose
Blvd.
Jax., FL 32223
ST0106 St. Augustine 12/1/94 5 $53.00 L 5 1 1 tape mach.
Animal Clinic
301 SR 16
St. Augustine, FL
32095
ST0107 State Farm 11/1/92 5 $45.00 L 956 1 1
Insurance
3130 SW 32nd
Avenue
Ocala, FL 34474
ST0110 Stone Mountain 12/1/90 5 $37.50 L DBS 1 1
Handbags
2700 SR 16 #505
St. Augustine, FL
32092
ST0114 Steve Hull Chevrolet/ 8/1/93 5 $53.50 L 956 1 1 mgs. repeat
Crest Chevrolet
8725 Arlington
X-way
Jax.,FL 32211
ST0115 State Farm 9/1/91 1 $60.00 L DBS 1 1
Insurance Co
7510 NW 4th Blvd.
Gnsvl, FL32607
ST0120 Stone Mountain no signed $37.50 L DBS 4 1 1
Handbags contract
One Magnolia
Bluff Way
Darien, GA 31305
ST0124 St. Johns Seafood 2/1/92 5 $45.00 L 956 8 1 1 1
</TABLE>
Page 136 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
7546 Beach Blvd.
Jax, FL 32216
ST0130 Steve's Italian 4/1/94 5 $59.00 L DBS 4 1 1
2085 SR 3
St.Augustine, FL
32084
ST0134 Sam's St. Johns 6/1/93 5 $55.00 L 956 6 1 1
Seafood
1464 Park Avenue
OP, FL 32073
ST0140 Strickland's 2/1/93 5 $45.00 L 956 31 3 1 1
Seafood
4738 Ocean Street
Mayport, FL 32233
ST0150 Staples 3/1/95 5 $40.00 S DBS 1
1901 E. Silver
Springs Blvd.
Ocala, FL 34470
ST0154 St. Johns Seafood 2/1/92 5 $45.00 L 956 8 2 1 1
7001 Merrill Road
Jax, FL 32211
ST0160 St. Augustine 9/1/94 5 $45.00 L 956 1 1
Airport
4900 US 1 N
St. Augustine, FL
32085
ST0164 St. Johns Seafood 2/1/92 5 $45.00 L 956 2 2 1 1
10550 St.
Augustine Rd.
Jax., FL 32257
ST0174 St. Johns Seafood 2/1/92 5 $45.00 L 956 12 2 1 2
1403-21 Dunn
Avenue
Jax.,FL 32215
ST0175 Steak n Shake 7/1/93 5 $65.00 S DBS 1
3800 SW College
Road
Ocala, FL 34474
8T0184 St. Johns Seafood 10/1/92 5 $45.00 L 956 2 1
950-12 Blanding
Blvd.
OP, FL 32065
8T0204 Stuckey's Pecan 11/1/93 3 $35.00 L DBS 4 1 1 1
Shoppe
10010 US 1 South
St. Augustine, FL
32086
</TABLE>
Page 137 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ST0350 Bancboston 7/1/91 5 $264.00 956 1
Mortgage Co.
7301 Baymeadows
Way
Jax., FL 32256
ST0400 Barnett Bank 1/1/94 5 $122.58 L DBS 47 1 1
150 West Madison
Street
Lake City, FL
32055
ST0404 Stuckey's Pecan 6/1/95 1 $50.00 L DBS 4 1 1
Shoppe
AlA & I-95
Yulee, FL 32097
ST0504 State Attorney s 8/1/93 5 $130.16 L 956 41 1 1
Office
330 East Bay
Street #221
Jax., FL 32202
ST0560 Slate Farm 3/1/95 5 $60.00 956 1
Insurance
560 Wells Road
OP, FL 32013
ST0600 State Farm 4/1/94 1 $119.69 956 1 maintenance
Insurance Co.
8001 Baymeadows
Way
Jax., FL 32216
ST0710 SteinMart 12/1/91 5 $53.00 DBS 1
4423 Roosevelt
Blvd.
Jax., FL 32210
ST0900 Miller's/Stop n 3/1/94 5 $86.45 L DBS 11 1 1 1 7
Shop
9 Eastgate Square
East Palalka, FL
32131
ST1114 SteinMart 12/1/91 5 $53.00 DBS 1
3818 S. Third
Street
JaxBch.,FL 32250
SU0100 Surety Associates 2/1/95 5 $87.50 L DBS 13 1 2
2110 Hershcel
Street
Jax., FL 32204
SU0107 Suntrust Bank no contract $59.00 L 956 1
9707 NE
Jacksonville Road
Anthony, FL 32617
SU0110 Sullivan Pontiac 10/1/94 1 $55.00 L DBS 6 1
GMC Truck
1740 SW College
Road
Page 138 of 161
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ocala, FL 34471
SU0120 Surgical Eyecare 5/1/95 5 $68.50 L DBS 10 1 1
of Florida
772 Foxridge Center
Drive #138
OP, FL 32065
SUO130 Superstock 10/1/93 5 $172.50 L DBS 60 2 1 4
7660 Centurian
Parkway
Jax., FL 32256
SU0140 Sullivan Pontiac 10/1/94 5 $55.00 L DBS 6 1 1
Cadillac GMC
3230 South Pine
Avenue
Ocala, FL 34471
SU0205 Sun Center 9/1/91 1 $40.00 S DBS 1
101 SE 2nd Place
Gnsvl, FL 32602
SU0207 Suntrust Bank 11/1/92 5 $59.00 S 956 1
5760 SE SR #484
Belleview, FL
34478
SU0307 Suntrust Bank 12/1/92 5 $62.00 L DBS 5 1 1
20270 E. Penn Avenue
Dunnellon, FL
32630
SU0510 Summer Beach 7/1/88 5 $45.00 S 956 1
Resort and CC
5000 Amelia
Island Parkway
Amelia Island, FL
32034
SU0590 SunBank/Palm 6/1/91 5 $73.70 L DBS 21 1 1
Coast Branch
One South Florida
Park Drive
Palm Coast, FL
32037
SU0607 SunBank 11/1/92 5 $59.00 L 956 3 1 1
l111 SW 17th
Street
Ocala, FL 34474
SU0614 Sunrise Nissan of OP 12/1/90 5 $65.00 L 956 1 1
1565 Wells Road
OP, FL 32073
SU0807 Suntrust Bank 12/1/92 5 $47.50 L 956 5 1 1
9290 SW Highway 200
Ocala, FL 34478
SU0907 SunBank no contract $59.00 S 956 1
</TABLE>
Page 139 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
501 Water Road
Ocala, FL 34472
SU1407 SunBank 11/1/92 5 $47.50 L 956 4 1 1
3990 SR 200 SW
Ocala, FL 32674
SW0183 Sweat's Furniture 9/1/93 5 $47.00 L DBS 1 1
3630 Community
Road
Brunswick, GA
31520
SW0204 Swensen's 10/1/92 5 $56.35 L 956 4 1 1
9501 Arlington
X-way
Jax., FL 32225
TAO1O7 Taco Bell 11/1/95 5 $55.00 DBS 1 1 yr
2380 SW College Road renewal
Ocala, FL 34474
TAO11O Taco Bell 10/3/90 5 $38.05 L DBS 1 1
3860 University
Blvd. W
Jax, FL 32217
Taco Bell 10/3/90 5 $38.05 L DBS 1 1
5054 Normandy Blvd.
Jax., FL 32205
Taco Bell 10/3/90 5 $38.05 L DBS 1 1 1
1249 Park Avenue
OP, FL 32073
Taco Bell 10/3/90 5 $38.05 L DBS 1 1 1
280 S. Third Street
Jax Bch., FL 32250
Taco Bell 10/3/90 5 $38.05 L DBS 1 1
1319 Dunn Avenue
Jax., FL 32218
Taco Bell 10/3/90 5 $38.05 L DBS 1 1 1
8331 Baymeadows Road
Jax, FL 32216
Taco Bell 10/3/90 5 $38.05 L DBS 1 1 1
9341 Atlantic Blvd.
Jax., FL 32211
</TABLE>
Page 140 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Taco Bell 10/3/90 5 $38.05 L DBS 1 1
17 Blanding Blvd.
OP, FL 32073
Taco Bell 10/3/90 5 $38.05 L DBS 1 1
240 N. 3rd Street
Neptune Bch., FL
32233
Taco Bell 10/3/90 5 $38.05 L DBS 1 1 1
7331 103rd Street
Jax., FL 32210
Taco Bell 10/3/90 5 $38.05 L DBS 5 1 1
5905 Merrill Road
Jax., FL 32211
Taco Bell 10/3/90 5 $38.05 L DBS 1 1 1
3649 Philips Highway
Jax, FL 32207
Taco Bell 10/3/90 5 $38.05 L DBS 1 1
11646 San Jose Blvd.
Jax., FL 32223
Taco Bell 10/3/90 5 $38.05 L DBS 5 1 1
11228 Beach Blvd.
Jax., FL 32216
Taco Bell 10/3/90 5 $38.05 S DBS 1
4610 New Jesup
Highway
Brunswick, GA 31520
Taco Bell 10/3/90 5 $38.05 S DBS 1
10400 Philips Highway
Jax., FL 32224
Taco Bell 10/3/90 5 $38.05 S DBS 1
938 Blanding Blvd.
OP, FL 32073
Taco Bell 10/3/90 5 $38.05 S DBS 1
13160 Atlantic Blvd.
Jax., FL 32225
Taco Bell 10/3/90 5 $38.05 S DBS 1
11270 St. Augustine
Road
</TABLE>
Page 141 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jax., FL 32256
Taco Bell 10/3/90 5 $38.05 L DBS 1 1
2014 Osborn Road
St. Mary's, GA 31558
Taco Bell 10/3/90 5 $38.05 L DBS 1 1
1801 Memorial Drive
Waycross, GA 31501
TA0164 Taco Bell 11/1/95 1 $55.00 S DBS 1 1 yr
3306 Crille Avenue renewal
Palatka, FL 32077
TA0170 Taco Bell 12/1/94 5 $73.00 L DBS 6 1 1
1215 S. 6th Street
MacClenny, FL
32063
TA0194 Taco Bell 11/1/95 1 $55.00 S DBS 1 1 yr
826 University renewal
Avenue W
Gnsvl, FL 32601
TA021O Taco Bell 11/1/95 1 $55.00 S DBS 1 1 yr
6313 Newberry Road renewal
Gnsvl, FL 32605
TA0234 Taco Bell 8/1/94 3 $81.50 L DBS 11 1 1 3 yr
1917 S. 1st Street renewal
Lake City, FL 32055
TA0244 Taco Bell 11/1/95 1 $55.00 S DBS 1 1 yr
3408 SW Archer Road renewal
Gnsvl, FL 32608
TA0254 Taco Bell 9/1/92 5 $45.00 L 956 9 1 1
1858 S. 8th Street
Fernandina Bch.,
FL 32034
TA0274 Taco Bell 11/1/95 1 $55.00 S DBS 1 1 yr
7410 Newberry Road renewal
Gnsvl, FL 32605
TA0284 Taco Bell 11/1/95 1 $55.00 S DBS 1 1 yr
2224 NW 13th Street renewal
Gnsvl, FL 32201
TA0413 Days Inn 6/1/86 5 $33.00 L DBS 1 1 1
</TABLE>
Page 142 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
409 New Jesup
Highway
Brunswick, GA
31520
TA0414 Taco Bell 11/1/95 1 $55.00 S DBS 1 1 yr
1820 US 1 S renewal
St. Augustine, FL
32086
TA0424 Taco Bell 8/1/94 5 $69.50 L DBS 9 1 1 3 yr
808 S. Walnut Street renewal
Starke, FL 32091
TH0105 The Sovereign 4/1/90 5 $54.35 L DBS 1 1
Restaurant
12 SE 2nd Avenue
Gnsvl, FL 32602
THO114 The Loop 5/1/95 5 $79.50 L DBS 6 1 1 1
9965-58 San Jose
Blvd.
Jax., FL 32217
TH0124 The Loop 6/1/95 5 $79.50 L DBS 7 1 1 1
2014 San Marc Blvd.
Jax., FL 32207
THO13O The Loop 7/1/93 5 $79.50 L DBS 7 1 1 1
14444 Beach Blvd.
Jax Bch., FL 32250
TH0134 The Loop 6/1/95 5 $79.50 L DBS 6 1 1 1
4000-21 St. Johns
Avenue
Jax., FL 32205
TH0144 The Loop 6/1/95 5 $79.50 L DBS 6 1 1 1
8221 Southside Blvd.
Jax., FL 32216
THO150 The Loop 1/1/95 5 $108.00 L DBS 9 2 1 2
6426 Bowden Road
Jax., FL 32207
THOl54 The Loop 6/1/95 5 $79.50 L DBS 6 1 1 1
550 Wells Road
OP, FL 32073
TH0164 The Loop 4/1/92 5 $50.00 L 956 9 1 1 1
211 Third Street
Neptune Bch, FL
32233
</TABLE>
Page 143 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TH0174 The Loop 6/1/95 5 $79.50 L DBS 6 2 1
9332 Arlington X-way
Jax, FL 32225
THO610 Piggly Wiggly 6/1/94 5 $88.50 L DBS 16 1 1 5
514 E. Howard Street
Live Oak, FL 32060
TI0114 Old Republic 2/1/93 5 $56.38 L 956 14 1 1 1
National Title
120 E. Forsyth Street
Jax., FL 32202
TI0140 Tiger's Eye 12/1/95 5 $75.00 L DBS 15 1 1
Restaurant
One Independent Drive
Jax., FL 32202
TI0200 Timuquana Country 6/1/94 5 $173.01 L DBS 1 1
Club
4028 Timuquana Road
Jax., FL 32210
TO0100 Torn Nehl GMC 11/1/95 5 $85.00 L DBS 23 7 2 1
Truck Co.
417 5. Edgewood Aven
Jax., FL 32236
TO0120 Tom & Betty's 7/1/93 5 $45.00 L DBS 10 1 1 1
1500 W. University Bvd.
Jax., FL 32217
TO0140 Tom & Betty's 8/1/94 5 $50.00 L DBS 1 1 maintenance
4409 Roosevelt Blvd.
Jax,. FL 32210
TO0210 Total Insurance 10/1/91 5 $50.00 L DBS 6 1 1
Services
900 5. First Street
Lake City, FL 32055
TO0250 Tournament 12/1/91 5 $156.88 L 956 36 3 4 1 6
Players Club
11O TPC Blvd.
Ponte Vedra Bch.,
FL 32082
TO0304 Tom Bush Regency 5/1/93 5 $91.50 S 956 1
Motors
9850 Atlantic Blvd.
Jax., FL 32225
TR0050 Trader Jack's 12/1/91 5 $60.80 L DBS 11 1 1 1
830 Anastasia Blvd.
</TABLE>
Page 144 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
St. Aug., FL 32084
TR0110 Diego's 6/1/95 5 $95.00 L DBS 6 2 1 1
1412 1st Street N
Jax Bch, FL 32250
TR0113 Trust Company Bank 12/1/91 5 $78.59 L DBS 15 2 1
701 Sea Island Road
S. Simon's Island,
GA 31522
TR0120 Travel Network 11/1/95 5 $50.00 L DBS 5 1 1 msg. repeat
9866-1 Old
Baymeadows Road
Jax., FL 32256
TR0400 Tree Steak House 1/1/92 5 $35.00 L 956 2 2
11362-1 San Jose
Blvd.
Jax., FL 32217
TR0403 Trust Company Bank 2/1/91 5 $46.59 L DBS 8 1 1
of SE GA
4410 Altama Avenue
Brunswick, GA
31520
TR0403 Trust Company Bank 3/1/91 5 $46.59 L DBS 1 1
of SE GA
2203 Demere Road
St. Simon's Is.,
GA 31522
TR0403 Trust Company Bank 2/1/91 5 $53.24 L DBS 3 1 1
of SE GA
510 Gloucester Street
Brunswick, GA
31520
TR0403 Trust Company of 2/1/91 5 $46.59 L DBS 3 1 1
SE GA
3303 Norwich Street
Brunswick, GA
31520
TR0403 Trust Company of 3/1/91 5 $46.59 L DBS 5 1 1
SE GA
4236 Norwich Avenue
Brunswick, GA
31520
TR0403 Trust Company Bank 9/1/92 5 $45.00 L DBS 1 1
420 Tebau
Waycross, GA 31521
TR0410 Tree Steak House 5/1/95 5 $70.00 L DBS 14 2 1 1 yr
942 Arlington Road renewal
Jax., FL 32211
TU0100 Turner Electric 1/1/94 5 $87.16 L 956 18 1 1 1
Works
</TABLE>
Page 145 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
10520 Busch Drive
Jax., FL 32218
TU0200 Nimnicht Cadillac 3/1/93 5 $106.98 L DBS 1 msg.
7999 Blanding repeat
Blvd.
Jax., FL 32210
UM0100 Umbro Company 12/1/93 5 $58.00 L DBS 8 1 1
Store
2700 SR 16 #813
St. Aug., FL 32092
UN0108 Bush Boake Allen 10/1/92 5 $52.50 L 7 1 maint.
2051 N. Lane Avenue only
Jax., FL 32236
NO110 United Citizen's 9/1/93 5 $55.00 L DBS 7 1 1
Bank
14009 Newberry Road
Newberry, FL 32606
UN0120 United Citizen's 10/1/93 5 $55.00 L DBS 4 1 1
Bank
2725 SE Hawthorne
Road
Gnsvl, FL 32601
UN0140 University Club 5/1/92 2 $90.00 L DBS 1 2 yr
1301 Gulf Life renewal
Drive
Jax., FL 32207
UN0150 United States 211/94 3 $40.00 L DBS 1 1
Cellular
5009 NW 34th Street
Gnsvl, FL 32605
UN0207 United Telphone 2/1/89 3 $215.00 S 956 1
302 SE Broadway
Ocala, FL 34471
UN0220 United States 2/1/94 2 $48.50 L DBS 5 1 1
Cellular
5200 NW 43rd
Street #103
Gnsvl, FL 32606
UN0400 Unisource Southeast 8/1/95 5 $170.00 L 956 34 2 2 1 2
340 Stevens Street
Jax., FL 32203
UN0505 United Citizen's 9/1/93 5 $55.00 L DBS 12 1 1
Bank Alachua
110 US 441 S
Alachua, FL 32615
</TABLE>
Page 146 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
UN0515 United Citizen's 9/1/93 5 $55.00 L DBS 7 1 1
Bank
4000 N. Main
Street
Gnsvl, FL
UN0604 US Drug 12/1/93 5 $54.90 L 956 12 1 1
Enforcement Admin.
4077 Woodcock
Drive #210
Jax., FL 32207
UN0905 University Centre 9/1/94 5 $195.00 S DBS 1
Hotel
1535 SW Archer
Road
Gnsvl, FL 32602
UN1000 University 10/1/71 5 $72.53 S 956 1
Hospital
655 W 8th Street
Jax., FL 32203
UP0100 UPS 5/1/92 5 $95.00 L 945 31 1 1
4019 Woodcock
Drive
Jax, FL 32207
US0110 USF&G 11/1/92 5 $59.00 L 956 14 1 1
6621 Southpoint
Drive N.
Jax., Fl 32216
UT0100 Utseys 12/1/91 5 $28.49 L 956 4 1 1
3573 St.Johns
Avenue
Jx., FL 32204
VA0110 Van Heusen 2/1/94 3 $45.00 L DBS 8 1 1
2700 SR 16 #501
St. Aug., FL 32092
VA0120 VA Medical Ctr P0 1 $45.00 S DBS 1
301 South Marion
Street
Lake City, FL
32055
VA0130 Van Heusen Direct 8/1/95 5 $144.00 L DBS 10 4 2 1 1
1800 SW College
Road
Ocala, FL 34474
VE0204 VA Outpatient P0 1 $59.00 L DBS 1
Clinic
1833 Boulevard
Jax., FL 32206
VF0107 VFW 11/1/92 5 $35.00 L 956 1 1
543 NE Sanchez
</TABLE>
Page 147 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Ocala, FL 34470
VI0104 Vistakon 3/1/94 5 $476.00 L DBS 154 4 4 1
5985 Richard
Street #A
Jax., FL 32247
VI0108 Vistakon Customer 5/1/94 5 $80.00 L Msg. on
Service hold
4500 S. Salisbury
Road
Jax.,FL 32216
VI0110 Vistakon - D 3/1/94 5 $150.00 S DBS 1 maintenance
6018 Bowden Road
Jax., FL 32247
VI0114 Vistakon-B 3/1/94 5 $232.00 S DBS 1 maintenance
5947 Richard
Street
Jax., FL 32207
V10120 Vistakon 3/1/94 5 $270.00 S 956 1
4500 Salisbury
Road
Jax, FL 32216
VI0124 Vistakon 3/1/94 5 $134.00 S 956 1 maintenance
7970 Bayberry Road
Jax., FL 32216
VI0130 Vistakon - Live 5/1/94 2 $85.00 S DBS 1 2 yr
for Life renewal
6013 Richard
Street, Bdg. D
Jax., FL 32216
VI0150 Vistakon 3/1/95 5 $984.00 S DBS 1 maintenance
7500 Centurian
Parkway
Jax., FL 32253
VI0154 Vistakon - C 3/1/94 5 $110.00 S DBS 1 maintenance
5921 Richard
Street
Jax., FL 32216
VI0160 Village Inn 8/1/95 5 $44.00 S DBS 1
7716 Atlantic
Blvd.
Jax., FL 32211
VI0166 Vito's Italian 7/1/94 5 $65.00 L 15 1 tape mach
Cafe
4660 Salisbury
Road
Jax., FL 32256
VI0170 Village Inn 8/1/95 5 $44.00 S DBS 1
</TABLE>
Page 148 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
10140 San Jose
Blvd.
Jax., FL 32217
VI0180 Village Inn 9/1/95 5 $44.00 S DBS 1
900 Ponce deLeon
Blvd.
St. Aug., FL 32804
VI0190 Village Inn 9/1/95 5 $44.00 L DBS 1
200 S. Third
Street
Neptune Beach, FL
32233
WA0010 Walter Lorenz Surgical 8/1/90 5 $45.00 L 956 1
Instruments
1520 Trade Port
Drive
Jax., FL 32218
WA0024 Waccamaw Pottery 12/1/93 5 $65.00 L 956 2
11250 St. Aug.
Road
Jax., FL 32257
WA0100 Walgreen 7/1/91 2 $26.00 S 956 1
9501 Arlington
X-way
Jax., FL 32225
Walgreen 7/1/91 2 $26.00 S DBS 1
US 1 S & Park
St. Aug., FL 32084
Walgreen 7/1/91 2 $26.00 S DBS 1
2010 SW College
Street
Ocala, FL 32674
Walgreen 7/1/91 2 $26.00 S DBS 1
807 E. Silver
Springs Blvd.
Ocala, FL 32670
Walgreen 7/1/91 2 $26.00 S DBS 1
1109 Palm Coast
Parkway
Palm Coast, FL 32137
Walgreen 7/1/91 2 $26.00 S 956 1
7224 Merrill Road
Jax., FL 32211
Walgreen 7/1/91 2 $26.00 S 956 1
10369 SE US 441 & 301
Belleview, FL
34420
</TABLE>
Page 149 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WA0110 Walgreen 7/1/91 2 $26.00 S 956 1
166 University
Blvd. W
Jax., FL 32207
WAO113 Waycross 3/1/91 5 $47.00 L DBS 2 2
Orthopedics
2002 Alice Street
Waycross, GA 31502
WA0120 Walgreen 7/1/91 2 $26.00 S 956 1
2771-12 Monument
Road
Jax., FL 32211
WA0130 Walgreen 7/1/91 2 $26.00 S 956 1
7200 Normandy
Blvd.
Jax., Fl 32205
WA0140 Walgreen 7/1/91 2 $26.00 S 956 1
3851 Emerson
Street
Jax., FL 32207
WA0150 Walgreen 7/1/91 2 $26.00 S 956 1
977 Atlantic Blvd.
Atlantic Bch, FL
32233
WA0160 Walgreen 7/1/91 2 $26.00 S 956 1
14286 Beach Blvd.
Jax., FL 32250
WA0170 Walgreen 7/1/91 2 $26.00 S 956 1
700-6 Blanding
Blvd.
OP, FL 32065
WA0180 Walgreen 7/1/91 2 $26.00 S 956 1
3000 Dunn Avenue
Jax, FL 32218
WA0190 Walgreen's 7/1/91 2 $26.00 S 956 1
San Jose Blvd. &
St. Aug. Rd
Jax, FL 32223
WA0200 Walgreen 7/1/91 2 $26.00 S 956 1
5282 Norwood
Avenue
Jax, FL 32208
WA0207 Walgreen 7/1/91 2 $ 26L00 S 956 1
823 N US 41
</TABLE>
Page 150 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Dunnellon,FL 34430
WA0210 Walgreen 2/1/95 2 $26.00 S DBS 1
3529 E. Silver
Springs. BlvdL
Ocala, FL 34471
WA0240 Walgreen 7/1/91 2 $26.00 S 956 1
7512 Lem Turner
Road
Jax., Fl 32208
WA0340 Walgreen 7/1/91 2 $26.00 L 956 1
3548 Blanding
Blvd.
Jax., FL 32210
WA0350 Walgreen 7/1/91 2 $26.00 S DBS 1
400 US 19 N
Palatka, FL 32077
WA0353 Ware County Dept. 3/1/95 5 $127.50 L DBS 87 4 1 2
Family Services
1200 Plant Avenue
Waycross, GA 31502
WA0360 Walgreen 7/1/91 2 $26.00 S 956 1
7628-20 103rd
Street
Jax., FL 32210
WA0370 Walgreen 7/1/91 2 $26.00 S 956 1
12200-16 San Jose
Blvd.
Jax., FL 3223
WA0380 Dr. Lewis Walker 2/1/87 5 $45.93 L 956 3 1 1
9109 Baymeadows
Road
Jax.,FL 32217
WA0400 Walmart 4/1/93 1 $14.08 S own up-link
2649 NW 13th
Street
Gnsvl, FL 32601
Walmart
4517 Altama Avenue
Brunswick,GA 31520
Walmart
101 N. Florida Highway 19
Palatka, FL 32178
Walmart
</TABLE>
Page 151 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
US 90 W
Lake City, FL 32055
Walmart
2603 CC Osborne Road
St. Mary's, GA 31558
Walmart
2215 Memorial Drive
Waycross, GA 31501
Walmart
2355 US 1 S
St. Aug., FL 32086
Walmart
1757 S. 14th Street
Fernandina Bch, FL 32034
Walmart
3570 SW Archer Road
Gnsvl, FL 32608
Walmart
6767 103rd Street
Jax., FL 32210
Walmart
10991-1 San Jsoe Blvd.
Jax., FL 32223
Walmart
8808 Beach Blvd.
Jax., FL 32216
Walmart
9 Old Kings Road
Palm Coast, FL 32135
Walmart
661 Blanding Blvd.
OP, FL 32073
Walmart
6830 Normandy Blvd.
Jax, FL 32205
</TABLE>
Page 152 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Walmart
14286 Beach Blvd
Jax Bch., FL 32250
Walmart
3002 Dunn Avenue
Jax., FL 32218
Walmart
1160 S. 6th Street
MacClenny, FL 32063
Walmart
1371 S. Walnut Street #100
Starke, FL 32091
Walmart
2202 N. Young Blvd. #A
Chiefland, FL 32626
Walmart
9119 Merrill Road
Jax., FL 32225
Wal-Buds
2103 Memorial Drive
Waycross, GA 31501
Wal-Buds
4517 Altama Avenue
Brunswick, GA 31520
Walmart
2400 SW College Road
Ocala, FL 34474
Walmart
845 N. Highway #41
Dunnellon, FL 34434
Walmart
818 S. Tallahassee
Hazelhurst, GA 31539
Walmart
4980 E. Silver Springs Blvd.
Ocala, Fl 32670
</TABLE>
Page 153 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Sam's Club
300 Busch Drive
Jax., FL 32219
Sam's Club
3921 SW College Road
Ocala, FL
Sam's Club
20690 Beach Blvd.
Jax., FL
Sam's Club
2901 NW 13th
Street
Gnsvl, FL
Sam's Club
6373 Youngerman
Circle
Jax., FL
WA0410 Warren Motors 10/1/89 5 $ 45.00 L 956 1
233 E. State
Street
Jax,. FL 32202
WA0507 Walgreen 7/1/92 2 $ 26.00 S 956 1
3233 SE Maricamp
Road
Ocala, FL 34471
WA0600 Wayside 6/1/87 5 $ 49.60 L DBS 6 1 1 tape mach.
Restaurant
US 90 W
Lake City, FL
32055
WA0607 Walgreen 7/1/92 2 $ 26.00 S 956 1
608 SW Pine
Street
Ocala, FL 34472
WA0707 Walgreen 7/1/92 2 $ 26.00 S DBS 1
8585 SR 200,#2
Ocala, FL 34481
WA1000 Wayfara 6/1/95 1 $ 50.00 S DBS 1
Restaurant
l-95 & A1A
Yulee, FL 32097
WA1100 Dr. Lewis Walker 12/1/90 5 $ 25.00 L 956 1 1
</TABLE>
Page 154 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
9550 Regency
Square Blvd. #212
Jax., FL 32225
WE0103 Wendy's 3/1/91 5 6.30 L DBS 5 1 1
601 Memorial
Drive
Waycross, GA
31501
WE0104 Wendy's 12/1/94 5 9.50 L 956 4 1 1
4842 Post Street
Jax., FL 32205
Wendy's 12/1/94 5 $ 49.50 L 958 4 1 1
2006 Park Street
Jax., FL 32204
Wendy's 12/1/94 5 $ 49.50 L 956 3 1 1
6238 103rd Street
Jax., FL 32210
Wendy's 12/1/94 5 $ 49.50 L DBS 4 1 1
5133 Norwood Avenue
Jax., FL 32208
Wendy's 12/1/94 5 $ 49.50 L 956 3 1 1
753 Park Avenue
OP, FL 32073
Wendy's 12/1/94 5 $ 49.50 L 956 4 1 1
2001 Hamilton Street
Jax., FL 32210
Wendy's 12/1/94 5 $ 49.50 L 956 5 1 1
711 N. Edgewood
Avenue
Jax, FL 32205
Wendy's 12/1/94 5 $ 49.50 L 956 5 1 1
4160 Losco Road
Jax., FL 32257
Wendy's 12/1/94 5 $ 49.50 L 956 5 1 1
1110 Blanding Blvd.
OP,FL 32065
WE0113 Wendy's 4/1/90 5 $ 35.00 S DBS 1
346 New Jesup
Highway
Brunswick, GA
31520
</TABLE>
Page 155 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WE0140 Wendy's 7/1/95 5 $ 25.00 L 956 3 1 1
3030 Hartley #150
Jax., FL 32257
WE0194 Wendy's no $ 49.50 L DBS 4 1 1
631 Walnut Street contract
Starke, FL 32091
WE0204 Wendy's 12/1/94 5 $ 49.50 L DBS 4 1 1
3910 University
Blvd. W
Jax., FL 32217
Wendy's 12/1/94 5 $ 49.50 L 956 3 1 1
1616 University
Blvd. S
Jax., FL 32216
Wendy's 12/1/94 5 $ 49.50 L 956 4 1 1
77 Monument Road
Jax., FL 32211
Wendy's 12/1194 5 $ 49.50 L 956 3 1 1
520 Beach Blvd.
Jax Bch, FL 32250
Wendy's 12/1/94 5 $ 49.50 L DBS 4 1 1
1830 US I S
St. Aug., FL
32086
Wendy's 12/1/94 5 $ 49.50 L 956 4 1 1
9910 San Jose Blvd.
Jax., FL 32217
Wendy's 12/1/94 5 $ 49.50 L 956 5 1 1
8625 Baymeadows Road
Jax., FL 32256
WE0210 Wendy's 12/1/94 5 $ 49.50 L DBS 5 1 1
2710 SR 16
St. Aug., FL
32092
WE0223 Wendy's 3/1/95 5 $ 45.00 L DBS 9 1 1
I-95 & US #40
Kingsland, GA
31548
WE0250 Wendy's 12/1/94 5 $ 49.50 L DBS 6 1 1
1824 Reid Street
</TABLE>
Page 156 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Palatka, FL 32077
WE0254 Wendy's 12/1/94 5 $ 49.50 L 956 4 1 1
3640 Beach Blvd.
Jax., FL 32207
WE0260 Wendy's 10/1/94 5 $ 55.00 L DBS 5 1 1
9225 NW 39th
Avenue
Gnsvl, FL 32606
WE0264 Wendy's 12/1/94 5 $ 49.50 L 956 4 1 1
699 Mayport
Crossing
Mayport, FL 32233
WE0270 Wendy's 8/1/94 5 $ 35.00 L DBS 7 1 1
2442 Osborne Road
St. Mary's, GA
31558
WE0300 Wendy's 7/1/91 5 $ 46.30 L DBS 11 1 1
One Old Kings Rd
Palm Coast, FL32137
WE0403 Western Steer 9/24/92 5 $ 75.00 L DBS 17 1 1 1
2911 Cypress
Mill Road
Brunswick, FL
31520
WE0410 Wedge Cafe 8/1/94 5 $ 55.00 L DBS 14 2 1 CD player
5711-09 Bowden
Road
Jax., FL 32216
WE0414 Wendy's 12/1/94 5 $ 49.50 L 956 4 1 1
2040 SR 3
St. Aug., FL
32084
WE0424 Western World 3/1/90 5 $ 40.00 L 956 1 1
249 Blanding
Blvd.
OP, FL 32073
WE0430 Western Sizzlin 6/1/87 5 $ 58.85 L 956 11 1 1 1
Steak
109 First Avenue W
Callahan, FL
32011
WE0503 Wendy's 9/1/93 5 $ 45.00 L DBS 6 1 1
2909 Glynn Avenue
Brunswick, FL
31520
WE0510 Western Steer 7/1/95 5 $ 45.00 L DBS 5 1 1
</TABLE>
Page 157 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
312 Coffee Street
Hazelhurst, GA
31539
WE0600 Western Steer 3/1/92 5 $ 78.93 L DBS 10 1 1 2 waitress
Highway 301
Starke, FL 32091
WE0603 Wendy's 9/1/93 5 $ 45.00 L DBS 6 1 1
164 Altama
Connector
Brunswick, GA
31520
WE0800 Westside Dodge 1/1/95 5 $ 85.00 L 956 10 9 2 2
1672 Cassat
Avenue
Jax, FL 32210
WE0823 Western Sizzlin 12/1/95 5 $ 55.00 L DBS 9 1 1
2020 Memorial Drive
Waycrosss, GA 31501
WE1100 Westside Toyota 4/1/93 8 $115.00 L DBS 27 8 3 1
1310 Cassat
Avenue
Jax., FL 32205
WE1210 Wendy's 11/1/95 5 $45.00 L DBS 6 1 1
7401 W. Highway
318
Reddick, FL 32686
WE1220 Wendy's 10/1/95 5 $49.50 L 956 1 1 6
1950 S. 8th St.
Fernandina Bch.,
FL 32034
WE1230 Wendy's 10/1/95 5 $ 49.50 L 956 7 1 1
1175 Dunn Avenue
Jax., FL 32218
WH0106 White Lion 7/1/87 5 $ 99.00 L tape mach.
20 Cuna Street
St. Aug., FL 32084
WH0107 White Rose 1/1/95 5 $145.00 L DBS 9 3 1 1 9
Nursery
2832 SE College Road
Ocala, FL 34478
WH0140 Whitey's Fish 211/95 5 $ 60.00 L DBS 15 2 1
Camp
2032 Country
Road #320
OP, FL 32073
</TABLE>
Page 158 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WH0400 Wheaton's - OP no $ 39.30 L 956
Mall contract
1910 Wells Road
OP, FL 32073
W10130 Wild Flowers Cafe 6/1/90 5 $ 83.00 L DBS 11 1 1
Highway 441
Micanopy, FL
32667
W10200 Wine Cellar 10/1/92 5 $ 55.00 L DBS 2 1 1
1314 Prudential
Drive
Jax., Fl 32207
WO0104/1 Woody's 1/1/93 5 $ 55.00 L DBS 9 1 1
1638 University
Blvd.S
Jax., FL 32216
WO0104/2 Woody's 1211/92 5 $ 55.00 L DBS 10 1 1
5930 Powers
Avenue
Jax., FL 32207
WO0104/3 Woody's 1211/92 5 $ 55.00 L DBS 10 1 1
9825-46 San Jose
Blvd.
Jax., FL 32217
WO0104/5 Woody's 1/1/93 5 $ 55.00 L DBS 10 1 1
7445-10 1O3rd St.
Jax., FL 32210
WO0104/6 Woody's 1/1/93 5 $ 55.00 L DBS 10 1 1
1286 S 3rd
Jax Bch., FL
32250
WO0104/7 Woody's 12/1/92 5 $ 55.00 L DBS 10 1 1
10771 Beach Blvd.
Jax., FL 32216
WO0104/8 Woody's 12/1/92 5 $ 55.00 L DBS 10 1 1
8221 Southside
Blvd.
Jax, FL 32216
WO0104/9 Woody's 1/1/93 5 $ 55.00 L DBS 8 1 1
1301-1 Monument
Road
Jax., FL 32225
WO0104/10 Woody's 1/1/93 5 $ 55.00 L DBS 8 1 1
1020 N. Edgewood
Avenue
</TABLE>
Page 159 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Jax,. FL 32205
WO0114 Woody's 1/1/93 5 $ 55.00 L DBS 10 1 1
1440 Dunn Avenue
Jax., FL 32218
WO0120 Woody's 3/1/93 5 $ 55.00 L DBS 10 1 1
1478 S. 6th
Street
MacClenny, FL
32063
WO0124 Woody's 2/1/93 5 $ 55.00 L DBS 12 1 1
950-1 Blanding
Blvd.
OP, FL 32073
WO0145 Women's 6/1/92 2 $ 94.50 L DBS 1 I
Health Group
U of F
Health Science
Center
1600 SW Archer
Road
Gnsvl, FL 32608
WO0154 Woody's 12/1/92 5 $ 55.00 L 956 9 1 1
4291 Roosevelt
Blvd.
Jax,. FL 32210
WO0200 Woolverton Olds 12/1/91 5 $ 65.95 L 956 15 6 2 1
1325 Cassat
Avenue
Jax., FL 32210
WO0300 Woolworth 6/1/87 5 $ 49.50 L DBS 1 1 1
9501 Arlington
X-way
Jax., FL 32211
WO0514 Worman's 211/89 5 $ 63.90 L 956 10 1 1
Bakery
204 Broad St.
Jax., FL 32202
WO0600 Worman's 6/1/94 5 $ 45.93 L DBS 16 1 1
Bakery
5613 San Jose
Blvd.
Jax., FL 32207
XE0100 Xerox 9/1/93 5 $ 72.00 L 956 18 2 1
4655 Salisbury
Road #395
Jax., FL 32216
YA0106 St. Aug. 5/1/92 5 $ 55.00 L tape mach
Olds/Cad/Nissan
283 San Marco
Avenue
</TABLE>
Page 160 of 161
<PAGE>
<TABLE>
<CAPTION>
CONTRACT CURRENT
ACCOUNT # NAME/LOCATION DATE LENGTH MONTHLY L/S TYPE SPKRS HORNS AMPS TUNERS MICS MISC. INFO
- --------- ------------- -------- ------ ------- --- ---- ----- ----- ---- ------ ---- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
St. Aug., FL
32084
YO0100 Young Men's Shop 9/1/88 3 $ 38.91 L 956 1 1 1
400 N. Main
Street
Jax., FL 32202
YU0100 Yulee IGA 8/1/90 5 $145.25 L 956 23 2 1 1 8
SR 200 & US 17
Yulee, FL 32097
ZA0104 Zambetti Steel 7/1/86 5 $ 54.00 S 956 2
Products
8750 Philips
Highway
Jax., FL 32241
ZA0206 Zaharia's 1/1/93 5 $ 42.90 L 15 1 tape
Restaurant mach
3945 A1A South
St.L Aug., FL 32084
</TABLE>
Page 161 of 161
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 1
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
AA0107-0000 019836-AAA M 1 019836-AAA 55.50 3.33 58.83 MAR1 6.000
INVOICE TOTAL............... 55.50 3.33 58.83 **
AB0103-0000 018023-ABC HOME HEALTH SERVICES M 1 018023-ABC HOME HEALTH SERVICES 30.00 .00 30.00 GLY1 .000
INVOICE TOTAL............... 30.00 .00 30.00 **
AC0100-0000 002735-ACE ELECTRIC SUPPLY CO. M 1 002735-ACE ELECTRIC SUPPLY CO. 66.00 4.29 70.29 DUV1 6.500
INVOICE TOTAL............... 66.00 4.29 70.29 **
AC0140-0000 020792-ACORDIA BENEFITS OF NORTH FLA M 1 020792-ACORDIA BENEFITS OF NORTH FLA 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
AE0100-0000 010010-CIGNA C & P COMPANY M 1 010010-CIGNA C & P COMPANY 146.25 9.51 155.76 DUV1 6.500
INVOICE TOTAL............... 146.25 9.51 155.76 **
AI0100-0000 010015-AIR KAMAN OF JACKSONVILLE-JIA M 1 010015-AIR KAMAN OF JACKSONVILLE-JIA 85.40 5.55 90.95 DUV1 6.500
INVOICE TOTAL............... 85.40 5.55 90.95 **
AI0110-0000 020766-A1A ALE HOUSE M 1 020766-A1A ALE HOUSE 178.50 10.71 189.21 STJ1 6.000
INVOICE TOTAL............... 178.50 10.71 189.21 **
AL0090-0000 017680-ALAMO RENT-A-CAR M 1 017680-ALAMO RENT-A-CAR 57.20 3.72 60.92 DUV1 6.500
INVOICE TOTAL............... 57.20 3.72 60.92 **
AL0100-0000 020831-ALLTEL MOBILE M 2 020165-ALLTEL MOBILE 62.00 3.72 65.72 ALA1 6.000
INVOICE TOTAL............... 62.00 3.72 65.72 **
AL0103-0000 017584-ALICE STREET PODIATRY M 1 017584-ALICE STREET PODIATRY 49.50 .00 49.50 WAR0 .000
INVOICE TOTAL............... 49.50 .00 49.50 **
AL0105-0000 020672-ALACHUA GENERAL HOSPITAL M 2 010025-ALACHUA GENERAL HOSPITAL 94.60 .00 94.60 ALA0 .000
INVOICE TOTAL............... 94.60 .00 94.60 **
AL0135-0000 018718-THE CONNECTION M 1 018718-THE CONNECTION 45.00 2.70 47.70 ALA1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
AL0190-0000 018835-JULIAN E. ALLEN, M.D. M 1 018835-JULIAN E. ALLEN, M.D. 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
AL0200-0000 019657-ALL SAINTS NURSING HOME M 1 019657-ALL SAINTS NURSING HOME 85.00 .00 85.00 DUV0 .000
INVOICE TOTAL............... 85.00 .00 85.00 **
AL0203-0000 017954-ALMA EXCHANGE BANK M 1 017954-ALMA EXCHANGE BANK 45.00 .00 45.00 BAC1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
AL0210-0000 020722-ALLTEL MOBILE M 1 020722-ALLTEL MOBILE 45.00 2.70 47.70 COL1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
AL0240-0000 020674-ALLTEL MOBILE M 1 020674-ALLTEL MOBILE 45.00 2.70 47.70 ALA1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
AL0260-0000 020415-ALLTEL M 1 020415-ALLTEL 66.00 3.96 69.96 MAR1 6.000
INVOICE TOTAL............... 66.00 3.96 69.96 **
AL0270-0000 020922-ALLTEL MOBILE M 1 020922-ALLTEL MOBILE 45.00 .00 45.00 GLY1 .000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 2
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 45.00 .00 45.00 **
AL0400-0000 021115-ALDERSON FUNERAL HOME M 1 02115-ALDERSON FUNERAL HOME 69.50 4.87 74.37 FLG1 7.000
INVOICE TOTAL............... 69.50 4.87 74.37 **
AL0470-0000 017434-ALLIANCE MORTGAGE COMPANY M 1 017434-ALLIANCE MORTGAGE COMPANY 270.00 17.55 287.55 DUV1 6.500
INVOICE TOTAL............... 270.00 17.55 287.55 **
AL0500-0000 010055-ALL STATE PIPE SUPPLY COMPANY M 1 010055-ALL STATE PIPE SUPPLY COMPANY 82.50 5.36 87.86 DUV1 6.500
INVOICE TOTAL............... 82.50 5.36 87.86 **
AMO103-0000 020487-BARNETT TECHNOLOGIES M 2 003065-BARNETT BANK SE GEORGIA 190.00 .00 190.00 GYLO .000
INVOICE TOTAL............... 190.00 .00 190.00 **
AM0104-0000 003155-AMERICAN NATIONAL BANK M 2 017018-AMERICAN NATIONAL BANK 152.95 9.94 162.89 DUV1 6.500
INVOICE TOTAL............... 152.95 9.94 162.89 **
AM0114-0000 003155-AMERICAN NATIONAL BANK M 2 017187-AMERICAN NATIONAL BANK 88.95 5.78 94.73 DUV1 6.500
INVOICE TOTAL............... 88.95 5.78 94.73 **
AM0120-0000 003155-AMERICAN NATIONAL BANK M 2 018758-AMERICAN NATIONAL BANK 98.95 6.43 105.38 DUV1 6.500
INVOICE TOTAL............... 98.95 6.43 105.38 **
AM0150-0000 020102-AMERICAN EXPRESS TRS M 2 019071-AMERICAN EXPRESS TRAVEL 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
AM0163-0000 020487-BARNETT TECHNOLOGIES M 5 017905-#70703/GA 55.00 .00 55.00 CAM0 .000
INVOICE TOTAL............... 55.00 .00 55.00 **
AM0200-0000 021112-AMELIA ISLAND COMPANY M 2 010075-AMELIA ISLAND INN 140.92 8.46 149.38 NAS1 6.000
INVOICE TOTAL............... 140.92 8.46 149.38 **
AM0203-0000 020487-BARNETT TECHNOLOGIES M 5 003075-#40703/GA 45.00 .00 45.00 GLY0 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
AM0250-0000 021112-AMELIA ISLAND COMPANY M 2 010085-AMELIA ISLAND CONV. CNTR. 145.00 8.70 153.70 NAS1 6.000
INVOICE TOTAL............... 145.00 8.70 153.70 **
AM0300-0000 021112-AMELIA ISLAND COMPANY M 2 010090-AMELIA ISLAND TENNIS CLUB 94.50 5.67 100.17 NAS1 6.000
INVOICE TOTAL............... 94.50 5.67 100.17 **
AM0303-0000 020487-BARNETT TECHNOLOGIES M 5 003090-#50703/GA 55.00 .00 55.00 GLY0 .000
INVOICE TOTAL............... 55.00 .00 55.00 **
AM0395-0000 003105-AMERICAN NATIONAL BANK M 1 003105-AMERICAN NATIONAL BANK 56.10 3.37 59.47 ALA1 6.000
INVOICE TOTAL............... 56.10 3.37 59.47 **
AM0400-0000 003155-AMERICAN NATIONAL BANK M 2 003110-AMERICAN NATIONAL BANK 58.90 3.83 62.73 DUV1 6.500
INVOICE TOTAL............... 58.90 3.83 62.73 **
AM0403-0000 020487-BARNETT TECHNOLOGIES M 5 003115-#30703/GA 55.00 .00 55.00 GLY0 .000
INVOICE TOTAL............... 55.00 .00 55.00 **
AM0424-0000 018088-AT&T COMMUNICATIONS, INC. M 1 018088-AT&T COMMUNICATIONS, INC. 137.00 8.91 145.91 DUV1 6.500
INVOICE TOTAL............... 137.00 8.91 145.91 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 3
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
AM0450-0000 019717-AT&T/AMERICAN TRANSTECH M 1 019717-AT&T/AMERICAN TRANSTECH 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
AM0600-0000 003155-AMERICAN NATIONAL BANK M 2 003130-AMERICAN NATIONAL BANK 48.95 3.18 52.13 DUV1 6.500
INVOICE TOTAL............... 48.95 3.18 52.13 **
AM0700-0000 010140-SOUTHERN WINE & SPIRITS M 1 010140-SOUTHERN WINE & SPIRITS 138.45 9.00 147.45 DUV1 6.500
INVOICE TOTAL............... 138.45 9.00 147.45 **
AMO940-0000 003155-AMERICAN NATIONAL BANK M 2 003150-AMERICAN NATIONAL BANK 48.95 3.18 52.13 DUV1 6.500
INVOICE TOTAL............... 48.95 3.18 52.13 **
AM0950-0000 003155-AMERICAN NATIONAL BANK M 2 003155-AMERICAN NATIONAL BANK 124.95 8.12 133.07 DUV1 6.500
INVOICE TOTAL............... 124.95 8.12 133.07 **
AM0960-0000 003155-AMERICAN NATIONAL BANK M 2 003160-AMERICAN NATIONAL BANK 48.95 3.18 52.13 DUV1 6.500
INVOICE TOTAL............... 48.95 3.18 52.13 **
AM0970-0000 010115-AMERICAN NATIONAL BANK M 2 003165-AMERICAN NATIONAL BANK 53.45 3.47 56.92 DUV1 6.500
INVOICE TOTAL............... 53.45 3.47 56.92 **
AM0990-0000 003155-AMERICAN NATIONAL BANK M 2 003170-AMERICAN NATIONAL BANK 48.95 3.18 52.13 DUV1 6.500
INVOICE TOTAL............... 48.95 3.18 52.13 **
AM1100-0000 003155-AMERICAN NATIONAL BANK M 2 003180-AMERICAN NATIONAL BANK 46.91 3.05 49.96 DUV1 6.500
INVOICE TOTAL............... 46.91 3.05 49.96 **
AM1130-0000 003155-AMERICAN NATIONAL BANK M 2 003195-AMERICAN NATIONAL BANK 49.95 3.25 53.20 DUV1 6.500
INVOICE TOTAL............... 49.95 3.25 53.20 **
AM1140-0000 003155-AMERICAN NATIONAL BANK M 2 003200-AMERICAN NATIONAL BANK 47.95 3.12 51.07 DUV1 6.500
INVOICE TOTAL............... 47.95 3.12 51.07 **
AM1164-0000 003155-AMERICAN NATIONAL BANK M 2 017136-AMERICAN NATIONAL BANK 53.00 3.71 56.71 CLA1 7.000
INVOICE TOTAL............... 53.00 3.71 56.71 **
AM1200-0000 020732-AMOCO OIL M 1 020732-AMOCO OIL 165.00 10.73 175.73 DUV1 6.500
INVOICE TOTAL............... 165.00 10.73 175.73 **
AM1300-0000 020797-AMOCO OIL M 2 020796-AMOCO OIL 165.00 10.73 175.73 DUV1 6.500
INVOICE TOTAL............... 165.00 10.73 175.73 **
AM1310-0000 020797-AMOCO OIL M 2 017946-AMOCO 165.00 10.73 175.73 DUV1 6.500
INVOICE TOTAL............... 165.00 10.73 175.73 **
AM1400-0000 010220-AMERICAN TRANS-TECH M 1 010220-AMERICAN TRANS-TECH 123.50 8.03 131.53 DUV1 6.500
INVOICE TOTAL............... 123.50 8.03 131.53 **
AM1450-0000 020556-AMERICAN HERITAGE INS. CO. M 1 020556-AMERICAN HERITAGE INS. CO. 395.00 25.68 420.68 DUV1 6.500
INVOICE TOTAL............... 395.00 25.68 420.68 **
AN0110-0000 010245-ANDERSON COLUMBIA CO., INC. M 1 010245-ANDERSON COLUMBIA CO., INC. 39.00 2.73 41.73 DIX1 7.000
INVOICE TOTAL............... 39.00 2.73 41.73 **
AN0190-0000 020474-ANTHEM HEALTH SYSTEMS, INC. M 1 020474-ANTHEM HEALTH SYSTEMS, INC. 45.00 2.93 47.93 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 4
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 45.00 2.93 47.93 **
010250-0000 010250-ANHEUSER-BUSCH INC. M 2 003245-ANHEUSER-BUSCH INC. 52.34 3.40 55.74 DUV1 6.500
INVOICE TOTAL............... 52.34 3.40 55.74 **
AL0500-0000 010225-ANCHOR LITHKEMKO INC. M 1 010225-ANCHOR LITHKEMKO INC. 115.00 8.05 123.05 CLA1 7.000
INVOICE TOTAL............... 115.00 8.05 123.05 **
AMO103-0000 010250-ANHEUSER-BUSCH INC. M 2 003250-ANHEUSER-BUSCH INC. 243.00 15.80 258.80 DUVI 6.500
INVOICE TOTAL............... 243.00 15.80 258.80 **
AM0104-0000 018443-APPLE SOUTH, INC. M 2 018353-APPLEBEE'S 120.75 7.85 128.60 DUV1 6.500
INVOICE TOTAL............... 120.75 7.85 128.60 **
AM0114-0000 018443-APPLE SOUTH, INC. M 2 018741-APPLEBEE'S 120.00 8.40 128.40 CLA1 7.000
INVOICE TOTAL............... 120.00 8.40 128.40 **
AM0120-0000 018443-APPLE SOUTH, INC. M 2 018740-APPLEBEE'S 120.00 7.20 127.20 STJ1 6.000
INVOICE TOTAL............... 120.00 7.20 127.20 **
AM0150-0000 018443-APPLE SOUTH, INC. M 2 019209-APPLEBEE'S 120.00 7.80 127.80 DUV1 6.500
INVOICE TOTAL............... 120.00 7.80 127.80 **
AM0163-0000 018443-APPLE SOUTH, INC. M 2 019230-APPLEBEE'S 120.00 7.83 127.80 DUV1 6.500
INVOICE TOTAL............... 120.00 7.83 127.80 **
AM0200-0000 018443-APPLE SOUTH, INC. M 2 018742-APPLEBEE'S 55.00 3.30 58.30 STJ1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
AM0203-0000 020535-APPLEBEE'S #88 M 1 020535-APPLEBEE'S #88 55.00 .00 55.00 GLY1 .000
INVOICE TOTAL............... 55.00 .00 55.00 **
AM0250-0000 018443-APPLE SOUTH, INC. M 2 020675-APPLEBEE'S #111 55.00 .00 55.00 WAR1 .000
INVOICE TOTAL............... 55.00 .00 55.00 **
AM0300-0000 018443-APPLE SOUTH, INC. M 2 020820-APPLEBEE'S #126 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
AM0250-0000 018443-APPLE SOUTH, INC. M 2 020884-APPLEBEE'S 55.00 .00 55.00 CAM1 .000
INVOICE TOTAL............... 55.00 .00 55.00 **
AM0400-0000 018443-APPLE SOUTH, INC. M 2 020963-APPLEBEE'S #173 55.00 3.30 58.30 COL1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
AM0403-0000 018443-APPLE SOUTH, INC. M 2 020964-APPLEBEE'S #172 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
AM0424-0000 018467-ARBY'S ALTAMA/BRUNSWICK M 1 018467-ARBY'S ALTAMA/BRUNSWICK 52.00 .00 52.00 GLV1 .000
INVOICE TOTAL............... 52.00 .00 52.00 **
AM0424-0000 010265-ARBY'S - GAINESVILLE M 1 010265-ARBY'S - GAINESVILLE 43.70 2.62 46.32 ALA1 6.000
INVOICE TOTAL............... 43.70 2.62 46.32 **
AM0424-0000 019840-ARBY'S - OCALA M 1 019840-ARBY'S - OCALA 37.50 2.25 39.75 MAR1 6.000
INVOICE TOTAL............... 37.50 2.25 39.75 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 5
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
AR0110-0000 011890-ARROW FOOD MARKET M 1 011890-ARROW FOOD MARKET 49.50 2.97 52.47 ALA1 6.000
INVOICE TOTAL............... 49.50 2.97 52.47 **
AR0120-0000 020757-ARBY'S M 1 020757-ARBY'S 52.50 3.41 55.91 DUV1 6.500
INVOICE TOTAL............... 52.50 3.41 55.91 **
AR0124-0000 018889-ARBY'S INC. M 2 002826-ARBY'S #5015 47.50 3.09 50.59 DUV1 6.500
INVOICE TOTAL............... 47.50 3.09 50.59 **
ARO130-0000 020758-ARBY'S #253 M 1 020758-ARBY'S #253 52.50 3.41 55.91 DUVI 6.500
INVOICE TOTAL............... 52.50 3.41 55.91 **
AR0134-0000 018889-ARBY'S INC. M 2 017233-ARBY'S #5075 47.50 3.09 50.59 DUV1 6.500
INVOICE TOTAL............... 47.50 3.09 50.59 **
AR0150-0000 010270-ARGYLE VILLAGE SQUARE M 2 017266-ARGYLE VILLAGE SHOPPING CENTER 97.00 6.31 103.31 DUV1 6.500
INVOICE TOTAL............... 97.00 6.31 103.31 **
AR0160-0000 020711-CISCO TRAVEL PLAZA/ARBY'S M 1 020711-CISCO TRAVEL PLAZA/ARBY'S 95.00 .00 95.00 CAM1 .000
INVOICE TOTAL............... 95.00 .00 95.00 **
AR0170-0000 021031-MUZAK/ARBY'S M 2 020982-ARBY'S #226 44.00 .00 44.00 MAR0 .000
INVOICE TOTAL............... 44.00 .00 44.00 **
AR0184-0000 018889-ARBY'S INC. M 2 000184-ARBY'S 47.50 3.33 50.83 CLA1 7.000
INVOICE TOTAL............... 47.50 3.33 50.83 **
AR0190-0000 021031-MUZAK/ARBY'S M 2 020983-ARBY'S #221 44.00 2.86 46.86 DUV1 6.500
INVOICE TOTAL............... 44.00 2.86 46.86 **
AR0700-0000 003280-ARVIDA REALTY SALES, LTD. M 1 003280-ARVIDA REALTY SALES, LTD. 126.25 7.58 133.83 STJ1 6.000
INVOICE TOTAL............... 126.25 7.58 133.83 **
AR1000-0000 021168-ARAMARK CORPORATION M 3 021050-ORANGE & BREW 115.00 6.90 121.90 ALA1 6.000
021169-GRAHAM HALL 50.00 3.00 53.00 ALA1 6.000
INVOICE TOTAL............... 165.00 9.90 174.90 **
AS0110-0000 019562-ASH TISDELLE AUTOMOTIVE M 1 019562-ASH TISDELLE AUTOMOTIVE 39.95 2.80 42.75 CLA1 7.000
INVOICE TOTAL............... 39.95 2.80 42.75 **
AT0100-0000 010300-ATKINSON'S PHARMACY M 1 010300-ATKINSON'S PHARMACY 35.97 2.34 38.31 DUV1 6.500
INVOICE TOTAL............... 35.97 2.34 38.31 **
AT0110-0000 018733-A.T.P. TOUR M 1 018733-A.T.P. TOUR 94.50 5.67 100.17 STJ1 6.000
INVOICE TOTAL............... 94.50 5.67 100.17 **
AT0114-0000 019218-ATLANTIC DODGE M 1 019218-ATLANTIC DODGE 45.00 2.70 47.70 STJ1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
AT0140-0000 019814-AT&T UNIVERSAL CARD SERVICES M 1 019790-UNIVERSAL CARD SERVICES 60.00 3.90 63.90 DUV1 6.500
INVOICE TOTAL............... 60.00 3.90 63.90 **
AT1900-0000 010320-ATLANTIC MORTGAGE & M 1 010320-ATLANTIC MORTGAGE & 73.70 4.79 78.49 DUV1 6.500
INVOICE TOTAL............... 73.70 4.79 78.49 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 6
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
AV0100-0000 010325-AVONDALE PHARMACY M 1 010325-AVONDALE PHARMACY 25.00 1.63 26.63 DUV1 6.500
INVOICE TOTAL............... 25.00 1.63 26.63 **
AV0105-0000 019137-AV MED, INC. M 2 019087-AV MED HEALTH PLANS 45.00 2.70 47.70 ALA1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
AV0110-0000 019137-AV MED, INC. M 1 020931-AV MED HEALTH PLANS 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
AVO100-0000 018128-AW SHUCKS M 1 018128-AW SHUCKS 105.00 6.30 111.30 STJI 6.000
INVOICE TOTAL............... 105.00 6.30 111.30 **
AY0105-0000 021034-WELLNESS INC. M 2 018116-AYERS MEDICAL PLAZA 100.00 6.00 106.00 ALA1 6.000
INVOICE TOTAL............... 100.00 6.00 106.00 **
BA0100-0000 010340-BAKER BROTHERS INC. M 1 010340-BAKER BROTHERS INC. 96.95 6.30 103.25 DUV1 6.500
INVOICE TOTAL............... 96.95 6.30 103.25 **
BA0105-0000 020429-BARNETT TECHNOLOGIES INC. M 2 003515-BARNETT BANK - GAINESVILLE 53.96 3.24 57.20 ALA1 6.000
INVOICE TOTAL............... 53.96 3.24 57.20 **
BA0107-0000 020429-BARNETT TECHNOLOGIES INC. M 2 019841-BARNETT BANK 50.35 3.02 53.37 MAR1 6.000
INVOICE TOTAL............... 50.35 3.02 53.37 **
BA0110-0000 020468-BARNETT MORTGAGE COMPANY M 2 018427-BARNETT MORTGAGE CO 401.50 26.10 427.60 DUV1 6.500
INVOICE TOTAL............... 401.50 26.10 427.60 **
BA0115-0000 020429-BARNETT TECHNOLOGIES INC. M 2 003520-BARNETT BANK - GAINESVILLE 44.00 2.64 46.64 ALA1 6.000
INVOICE TOTAL............... 44.00 2.64 46.64 **
BA0120-0000 018611-BARNETT OFFICE PARK M 1 018611-BARNETT OFFICE PARK 125.00 8.13 133.13 DUV1 6.500
INVOICE TOTAL............... 125.00 8.13 133.13 **
BA0125-0000 020429-BARNETT TECHNOLOGIES INC. M 2 004970-BARNETT BANK OF ALACHUA 42.50 2.55 45.05 ALA1 6.000
INVOICE TOTAL............... 42.50 2.55 45.05 **
BA0130-0000 021008-BARNETT BANKS INC. M 2 020878-BARNETT BANK CENTER (BRANCH) 115.00 7.48 122.48 CUV1 6.500
INVOICE TOTAL............... 115.00 7.48 122.48 **
BA0134-0000 018543-BARBECUE LTD M 1 018543-BARBECUE LTD 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
BA0140-0000 020487-BARNETT TECHNOLOGIES M 5 010390-#10703/STJ 69.45 4.17 73.62 STJ1 6.000
BA0140-0002 020487-BARNETT TECHNOLOGIES M 5 003675-#20703/STJ 48.40 2.90 51.30 STJ1 6.000
BA0140-0003 020487-BARNETT TECHNOLOGIES M 5 003665-#30703/STJ 53.00 3.18 56.18 STJ1 6.000
BA0140-0004 020487-BARNETT TECHNOLOGIES M 5 003680-#40703/STJ 48.40 2.90 51.30 STJ1 6.000
BA0140-0005 020487-BARNETT TECHNOLOGIES M 5 017627-#50703/STJ 49.00 2.94 51.94 STJ1 6.000
BA0140-0006 020487-BARNETT TECHNOLOGIES M 5 018408-#60703/STJ 49.00 2.94 51.94 STJ1 6.000
BA0140-0007 020487-BARNETT TECHNOLOGIES M 5 003725-#70703/PUTNAM 50.82 3.05 53.87 PUT1 6.000
BA0140-0008 020487-BARNETT TECHNOLOGIES M 5 003730-#80703/PUTNAM 50.82 3.05 53.87 PUT1 6.000
BA0140-0009 020487-BARNETT TECHNOLOGIES M 5 003720-#90703/PUTNAM 50.82 3.05 53.87 PUT1 6.000
BA0140-0010 020487-BARNETT TECHNOLOGIES M 5 003735-#100703/PUTNAM 50.82 3.90 53.87 PUT1 6.000
BA0140-0100 020487-BARNETT TECHNOLOGIES M 5 017769-#00703/STJ 160.00 9.60 169.60 STJ1 6.000
INVOICE TOTAL............... 680.53 40.83 721.36 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 7
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
BA0160-0000 020487-BARNETT TECHNOLOGIES M 5 019131-#370703/JX 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
BA0170-0000 017674-BANCBOSTON MORTGAGE CORP. M 2 019043-BANCBOSTON MORTGAGE CORP 434.00 28.21 462.21 DUV1 6.500
INVOICE TOTAL............... 434.00 28.21 462.21 **
BA0180-0000 020429-BARNETT TECHNOLOGIES INC. M 2 017596-BARNETT BANK 55.00 3.85 58.85 SUW1 7.000
INVOICE TOTAL............... 55.00 3.85 58.85 **
BA0190-0000 020665-BARNETT CAMPUS CAFETERIA/PRUCA M 1 020665-BARNETT CAMPUS CAFETERIA/PRUCA 50.00 3.25 53.25 DUVI 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
BA0200-0000 020429-BARNETT TECHNOLOGIES INC. M 2 021041-BARNETT BANK/BELL TERRE OFFICE 75.00 5.25 80.25 FLG1 7.000
INVOICE TOTAL............... 75.00 5.25 80.25 **
BA0205-0000 020429-BARNETT TECHNOLOGIES INC. M 1 017967-BARNETT BANK 49.50 2.97 52.47 ALA1 6.000
INVOICE TOTAL............... 49.50 2.97 52.47 **
BA0207-0000 020000-BAXTER M 2 019842-BAXTER SCIENTIFIC PRODUCTS 62.00 3.72 65.72 MAR1 6.000
INVOICE TOTAL............... 62.00 3.72 65.72 **
BA0410-0000 020073-BROUDY'S LIQUORS M 2 018654-BROUDY'S LIQUORS 67.50 4.05 71.55 STJ1 6.000
INVOICE TOTAL............... 67.50 4.05 71.55 **
BA0600-0000 002825-BAPTIST MEDICAL CENTER M 1 002825-BAPTIST MEDICAL CENTER 290.40 .00 290.40 DUV0 .000
INVOICE TOTAL............... 290.40 .00 290.40 **
BA0800-0002 020487-BARNETT TECHNOLOGIES M 5 003545-#110703/JX 67.73 4.40 72.13 DUV1 6.500
BA0800-0003 020487-BARNETT TECHNOLOGIES M 5 003550-#80703/JX 44.96 2.92 47.88 DUV1 6.500
BA0800-0005 020487-BARNETT TECHNOLOGIES M 5 003555-#20703/JX 100.54 6.54 107.08 DUV1 6.500
BA0800-0006 020487-BARNETT TECHNOLOGIES M 5 003560-#50703/JX 106.92 6.95 113.87 DUV1 6.500
BA0800-0007 020487-BARNETT TECHNOLOGIES M 5 003565-#40703/JAX 105.00 6.83 111.83 DUV1 6.500
BA0800-0008 020487-BARNETT TECHNOLOGIES M 5 003570-#70703/JAX 45.00 2.93 47.93 DUV1 6.500
BA0800-0009 020487-BARNETT TECHNOLOGIES M 5 003575-#30703/JAX 87.12 5.66 92.78 DUV1 6.500
BA0800-0010 020487-BARNETT TECHNOLOGIES M 5 003580-#150703/JAX 91.62 6.41 98.03 CLA1 7.000
BA0800-0011 020487-BARNETT TECHNOLOGIES M 5 003585-#130703/JAX 40.88 2.66 43.54 DUV1 6.500
BA0800-0012 020487-BARNETT TECHNOLOGIES M 5 003590-#140703/JAX 54.63 3.55 58.18 DUV1 6.500
BA0800-0013 020487-BARNETT TECHNOLOGIES M 5 003595-#60703/JAX 44.97 2.92 47.89 DUV1 6.500
BA0800-0014 020487-BARNETT TECHNOLOGIES M 5 003600-#160703/JAX 51.70 3.62 55.32 CLA1 7.000
BA0800-0015 020487-BARNETT TECHNOLOGIES M 5 003605-#170703/JAX 55.00 3.58 58.58 DUV1 6.500
BA0800-0016 020487-BARNETT TECHNOLOGIES M 5 003610-#180703/JAX 54.40 3.54 57.94 DUV1 6.500
BA0800-0017 020487-BARNETT TECHNOLOGIES M 5 003615-#190703/JAX 48.40 3.15 51.55 DUV1 6.500
BA0800-0018 020487-BARNETT TECHNOLOGIES M 5 003620-#200703/JX 53.24 3.73 56.97 CLA1 7.000
BA0800-0019 020487-BARNETT TECHNOLOGIES M 5 003625-#240703/JAX 49.50 3.47 52.97 CLA1 7.000
BA0800-0020 020487-BARNETT TECHNOLOGIES M 5 017095-#270703/JAX 49.50 3.22 52.72 DUV1 6.500
BA0800-0021 020487-BARNETT TECHNOLOGIES M 5 004210-#250703/JAX 55.00 3.58 58.58 DUV1 6.500
BA0800-0022 020487-BARNETT TECHNOLOGIES M 5 003670-#220703/JAX 48.40 2.90 51.30 STJ1 6.000
BA0800-0023 020487-BARNETT TECHNOLOGIES M 5 004215-#260703/JAX 34.49 2.24 36.73 DUV1 6.500
BA0800-0024 020487-BARNETT TECHNOLOGIES M 5 017509-#13053/JAX 55.00 3.58 58.58 DUV1 6.500
BA0800-0025 020487-BARNETT TECHNOLOGIES M 5 017521-#40703/JAX 51.98 3.38 55.36 DUV1 6.500
BA0800-0026 020487-BARNETT TECHNOLOGIES M 5 017718-#290703/JAX 58.00 3.77 61.77 DUV1 6.500
BA0800-0027 020487-BARNETT TECHNOLOGIES M 5 017717-#210703/JAX 58.30 3.79 62.09 DUV1 6.500
BA0800-0028 020487-BARNETT TECHNOLOGIES M 5 017828-#280703/JAX 49.50 3.22 52.72 DUV1 6.500
BA0800-0029 020487-BARNETT TECHNOLOGIES M 5 017838-#300703/JAX 58.00 3.77 61.77 DUV1 6.500
BA0800-0030 020487-BARNETT TECHNOLOGIES M 5 017837-#320703/JAX 58.00 3.77 61.77 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 8
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
BA0800-0031 020487-BARNETT TECHNOLOGIES M 5 018526-#310703/JAX 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 1732.78 113.66 1846.44 **
BA0910-0000 020487-BARNETT TECHNOLOGIES M 5 019133-#350703/JAX 41.00 2.67 43.67 DUV1 6.500
INVOICE TOTAL............... 41.00 2.67 43.67 **
BA0920-0000 020429-BARNETT TECHNOLOGIES INC. M 2 019478-BARNETT BANK 75.00 5.25 80.25 FLG1 7.000
INVOICE TOTAL............... 75.00 5.25 80.25 **
BA1000-0000 017674-BANCBOSTON MORTGAGE CORP. M 2 020158-BANCBOSTON, HOVANUNAN CENTER 236.00 15.34 251.34 DUVI 6.500
INVOICE TOTAL............... 236.00 15.34 251.34 **
BA1200-0000 020487-BARNETT TECHNOLOGIES M 5 003645-#10703/NAS 59.58 3.57 63.15 NAS1 6.000
INVOICE TOTAL............... 59.58 3.57 63.15 **
BA1210-0000 020487-BARNETT TECHNOLOGIES M 5 003650-#20703/NAS 48.40 2.90 51.30 NAS1 6.000
INVOICE TOTAL............... 48.40 2.90 51.30 **
BA1220-0000 020487-BARNETT TECHNOLOGIES M 5 003655-#30703/NAS 75.00 4.50 79.50 NAS1 6.000
INVOICE TOTAL............... 75.00 4.50 79.50 **
BA1230-0000 020487-BARNETT TECHNOLOGIES M 5 017469-#0703/NAS 75.90 4.55 80.45 NAS1 6.000
INVOICE TOTAL............... 75.90 4.55 80.45 **
BA1243-0000 020487-BARNETT TECHNOLOGIES M 5 019005-#60703/GA 55.00 .00 55.00 WAY1 .000
INVOICE TOTAL............... 55.00 .00 55.00 **
BA1250-0000 020429-BARNETT TECHNOLOGIES INC. M 2 003660-BARNETT BANK - FLAGLER BCH 75.00 5.25 80.25 FLG1 7.000
INVOICE TOTAL............... 75.00 5.25 80.25 **
BA1253-0000 020487-BARNETT TECHNOLOGIES M 5 018255-#80703/GA 55.00 .00 55.00 CAM1 .000
INVOICE TOTAL............... 55.00 .00 55.00 **
BA1310-0000 020429-BARNETT TECHNOLOGIES INC. M 2 003690-BARNETT BANK - LAKE CITY 41.25 2.48 43.73 COL1 6.000
INVOICE TOTAL............... 41.25 2.48 43.73 **
BA1320-0000 020429-BARNETT TECHNOLOGIES INC. M 2 003695-BARNETT BANK - LAKE CITY 41.25 2.48 43.73 COL1 6.000
INVOICE TOTAL............... 41.25 2.48 43.73 **
BA1360-0000 019080-BARNETT BANK M 2 019012-BARNETT CENTER FLOORS #9-#18 312.00 20.28 332.28 DUV1 6.500
INVOICE TOTAL............... 312.00 20.28 332.28 **
BA1370-0000 010460-BARNETT PLAZA-C/O GRAN CENTRAL M 2 010460-BARNETT PLAZA-C/O GRAN CENTRAL 59.90 3.89 63.79 DUV1 6.500
INVOICE TOTAL............... 59.90 3.89 63.79 **
BA1380-0000 020429-BARNETT TECHNOLOGIES INC. M 2 003715-BARNETT BANK 42.35 2.96 45.31 FLG1 7.000
INVOICE TOTAL............... 42.35 2.96 45.31 **
BA1490-0000 010495-BARNACLE BILL'S INC. M 1 010495-BARNACLE BILL'S INC. 55.00 3.30 58.30 STJ1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
BA1600-0000 010505-BAYMEADOWS APT GEN OFFICE M 1 010505-BAYMEADOWS APT GEN OFFICE 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
BA1704-0000 010510-BAYMEADOWS RACQUET CLUB M 1 010510-BAYMEADOWS RACQUET CLUB 48.50 3.15 51.65 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 9
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 48.50 3.15 51.65 **
BA1710-0000 020384-MUZAK/BASS OUTLETS M 2 020351-BASS OUTLET #315 54.00 .00 54.00 STJ0 .000
INVOICE TOTAL............... 54.00 .00 54.00 **
BA1720-0000 020384-MUZAK/BASS OUTLETS M 2 020948-BASS COMPANY STORE #465 54.00 .00 54.00 MCI1 .000
INVOICE TOTAL............... 54.00 .00 54.00 **
BA1804-0000 010515-BAYMEADOWS SWIM CLUB M 1 010515-BAYMEADOWS SWIM CLUB 28.32 1.84 30.16 DUV1 6.500
INVOICE TOTAL............... 28.32 1.84 30.16 **
BA1900-0000 021000-BAYMEADOWS GOLF ASSOCIATION M 2 010520-BAYMEADOWS GOLF CLUB 85.00 5.53 90.53 DUV1 6.500
INVOICE TOTAL............... 85.00 5.53 90.53 **
BE0104-0000 018513-BEALL'S M 2 018679-BEALL'S #51 50.00 3.25 53.25 DUV1 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
BE0105-0000 010530-BEAR ARCHERY M 1 010530-BEAR ARCHERY 274.79 16.49 291.28 ALA1 6.000
INVOICE TOTAL............... 274.79 16.49 291.28 **
BE0107-0000 018513-BEALL'S M 2 019843-BEALL'S #158 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
BE0110-0000 018513-BEALL'S M 2 019459-BEALL'S #58 55.00 3.85 58.85 FLG1 7.000
INVOICE TOTAL............... 55.00 3.85 58.85 **
BE0113-0000 019231-BENNETT CHEVROLET, BUICK, GEO M 1 019231-BENNETT CHEVROLET, BUICK, GEO 45.00 .00 45.00 CAM1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
BE0114-0000 018513-BEALL'S M 2 020242-BEALL'S #179 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
BE0120-0000 018513-BEALL'S M 2 019689-BEALL'S #156 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
BE0124-0000 018513-BEALL'S M 2 018868-BEALL'S #55 60.00 3.90 63.90 DUV1 6.500
INVOICE TOTAL............... 60.00 3.90 63.90 **
BE0130-0000 018513-BEALL'S M 2 020149-BEALL'S #181 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
BE0140-0000 019764-BEECH STREET GRILL M 1 019764-BEECH STREET GRILL 106.00 6.36 112.36 NAS1 6.000
INVOICE TOTAL............... 106.00 6.36 112.36 **
BE0143-0000 019468-BELK HUDSON - ST. MARY'S M 1 019468-BELK HUDSON - ST. MARY'S 80.00 .00 80.00 CAM1 .000
INVOICE TOTAL............... 80.00 .00 80.00 **
BE0144-0000 019142-BEACH HUT CAFE M 1 019142-BEACH HUT CAFE 59.00 3.84 62.84 DUV1 6.500
INVOICE TOTAL............... 59.00 3.84 62.84 **
BE0150-0000 018513-BEALL'S M 2 020007-BEALL'S #175 45.00 3.15 48.15 LEV1 7.000
INVOICE TOTAL............... 45.00 3.15 48.15 **
BE0154-0000 012185-MAIN STREET CHEVROLET M 1 012185-MAIN STREET CHEVROLET 51.44 3.09 54.53 ALA1 6.000
INVOICE TOTAL............... 51.44 3.09 54.53 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 10
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
BE0160-0000 020887-BEACH CAFE M 1 020887-BEACH CAFE 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
BE0170-0000 020624-BEAUTY WAREHOUSE & HAIR ZONE M 2 020606-BEAUTY WAREHOUSE & HAIR ZONE 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
BE0190-0000 020438-BELOIT CORPORATION M 1 020438-BELOIT CORPORATION 73.00 4.75 77.75 DUV1 6.500
INVOICE TOTAL............... 73.00 4.75 77.75 **
BE0200-0000 018513-BEALL'S M 2 020748-BEALL'S #213 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
BE0203-0000 010535-CRAFTS & STUFF #3659 M 1 010535-CRAFTS & STUFF #3659 60.00 .00 60.00 CLY0 .000
INVOICE TOTAL............... 60.00 .00 60.00 **
BE0204-0000 017054-UNISON INDUSTRIES M 1 017054-UNISON INDUSTRIES 110.00 7.15 117.15 DUV1 6.500
INVOICE TOTAL............... 110.00 7.15 117.15 **
BE0205-0000 019352-COMCAST M 2 010540-BELK-LINDSEY #185 70.00 4.20 74.20 ALA1 6.000
INVOICE TOTAL............... 70.00 4.20 74.20 **
BE0207-0000 018513-BEALL'S M 2 019844-BEALL'S #43 55.00 3.30 58.30 MAR1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
BE0210-0000 000335-BEST WESTERN M 1 000335-BEST WESTERN 172.26 12.06 184.32 CLA1 7.000
INVOICE TOTAL............... 172.26 12.06 184.32 **
BE0220-0000 018513-BEALL'S M 2 020742-BEALL'S OUTLET #214 45.00 2.70 47.70 STJ1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
BE0230-0000 018513-BEALL'S M 2 020813-BEALL'S OUTLET #217 45.00 3.15 48.15 BRD1 7.000
INVOICE TOTAL............... 45.00 3.15 48.15 **
BE0240-0000 020566-BEN FRANKLIN #3222 M 1 020566-BEN FRANKLIN #3222 46.00 2.76 48.76 MAR1 6.000
INVOICE TOTAL............... 46.00 2.76 48.76 **
BE0250-0000 020779-BECK NISSAN M 1 020779-BECK NISSAN 69.00 4.14 73.14 PUT1 6.000
INVOICE TOTAL............... 69.00 4.14 73.14 **
BE0260-0000 020780-BECK CHRYSLER/DODGE/JEEP/EAGLE M 1 020780-BECK CHRYSLER/DODGE/JEEP/EAGLE 69.00 4.14 73.14 PUT1 6.500
INVOICE TOTAL............... 69.00 4.14 73.14 **
BE0270-0000 018513-BEALL'S M 2 020840-BEALL'S OUTLET #219 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
BE0280-0000 018513-BEALL'S M 2 020888-BEALL'S #63 80.00 4.80 84.80 NAS1 6.000
INVOICE TOTAL............... 80.00 4.80 84.80 **
BE0290-0000 018513-BEALL'S M 2 020960-CORAL BAY DIRECT #94 45.00 .00 45.00 MCI1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
BE0300-0000 018513-BEALL'S M 2 021012-BEALL'S OUTLET 45.00 .00 45.00 GLY1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
BE0304-0000 019352-COMCAST M 2 010550-BELK-LINDSEY #490 70.00 4.20 74.20 ALA1 6.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 11
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 70.00 4.20 74.20 **
BE0307-0000 019352-COMCAST M 2 019845-BELK LINDSEY #109 PADDOCK MALL 70.00 4.20 74.20 MAR1 6.000
INVOICE TOTAL............... 70.00 4.20 74.20 **
BE0310-0000 020624-BEAUTY WAREHOUSE & HAIR ZONE M 2 021024-BEAUTY WAREHOUSE 75.00 4.88 79.88 DUV1 6.500
INVOICE TOTAL............... 75.00 4.88 79.88 **
BE0320-0000 021033-BELLEVIEW PIZZA M 1 021033-BELLEVIEW PIZZA 50.00 3.00 53.00 MAR1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
BE0404-0000 018513-BEALL'S M 2 018436-BEALL'S #47 50.00 3.50 53.50 CLA1 7.000
INVOICE TOTAL............... 50.00 3.50 53.50 **
BE0405-0000 010560-CRAFTS & STUFF M 1 010560-CRAFTS & STUFF 62.65 3.76 66.41 ALA1 6.000
INVOICE TOTAL............... 62.65 3.76 66.41 **
BE0500-0000 017846-BELLEMEAD DEVELOPMENT OF FLA M 1 017846-BELLEMEAD DEVELOPMENT OF FLA 68.50 4.45 72.95 DUV1 6.500
INVOICE TOTAL............... 68.50 4.45 72.95 **
BE0600-0000 010565-BELK-HUDSON #350 M 1 010565-BELK-HUDSON #350 53.24 3.19 56.43 STJ1 6.000
INVOICE TOTAL............... 53.24 3.19 56.43 **
BE0753-0000 010580-BELK-HUDSON #514 M 1 010580-BELK-HUDSON #514 68.24 .00 68.24 GLY0 .000
INVOICE TOTAL............... 68.24 .00 68.24 **
BE0760-0000 010585-BELLSOUTH M 1 010585-BELLSOUTH 114.18 7.42 121.60 DUV1 6.500
INVOICE TOTAL............... 114.28 7.42 121.60 **
BE0763-0000 017001-BELK-HUDSON #520 M 1 017000-BELK-HUDSON #520 60.00 0.00 60.00 WAR0 .000
INVOICE TOTAL............... 60.00 0.00 60.00 **
BE1000-0000 010605-BETZ PAPER CHEM INC. M 1 010605-BETZ PAPER CHEM INC. 175.00 11.38 186.38 DUV1 6.500
INVOICE TOTAL............... 175.00 11.38 186.38 **
BF0100-0000 020586-BFI (BROWN FERRIS INDUST.) M 1 020586-BFI (BROWNING FERRIS INDUST.) 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
BI0100-0000 020026-BIG "J" FOODS M 2 010610-BIG "J" FOODS 88.50 .00 88.50 CHA0 .000
INVOICE TOTAL............... 88.50 .00 88.50 **
BI0114-0000 019785-MUZAK/BIG LOTS M 2 019772-BIG LOT'S #500 40.00 .00 40.00 DUV0 .000
INVOICE TOTAL............... 40.00 .00 40.00 **
BI0124-0000 019785-MUZAK/BIG LOTS M 2 019773-BIG LOT'S #501 40.00 .00 40.00 DUV0 .000
INVOICE TOTAL............... 40.00 .00 40.00 **
BI0134-0000 019785-MUZAK/BIG LOTS M 2 019794-BIG LOT'S #502 35.00 .00 35.00 DUV0 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
BI0144-0000 019785-MUZAK/BIG LOTS M 2 019796-BIG LOT'S #504 35.00 .00 35.00 DUV0 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
BI0154-0000 019785-MUZAK/BIG LOTS M 2 019795-BIG LOT'S #503 35.00 .00 35.00 DUV0 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 12
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
BI0160-0000 019785-MUZAK/BIG LOTS M 2 020992-BIG LOTS #558 40.00 2.40 42.40 ALA1 6.000
INVOICE TOTAL............... 40.00 2.40 42.40 **
BI0344-0000 019785-MUZAK/BIG LOTS M 2 019996-BIG LOTS #509 40.00 .00 40.00 STJO .000
INVOICE TOTAL............... 40.00 .00 40.00 **
BL0053-0000 020033-JEKYLL ISLAND AUTHORITY M 2 017461-BLACK BEARDS RESTAURANT 108.60 .00 108.60 GLYO .000
INVOICE TOTAL............... 108.60 .00 108.60 **
BL0080-0000 019376-BLANCHE'S COURT YARD M 2 002565-BLANCHE'S COURTYARD 95.00 0.00 95.00 GLYO .000
INVOICE TOTAL............... 95.00 0.00 95.00 **
BL0100-0000 010615-BLACKSTONE BUILDING M 1 010615-BLACKSTONE BUILDING 60.00 3.90 63.90 DUV1 6.500
INVOICE TOTAL............... 60.00 3.90 63.90 **
BL0103-0000 010620-BLUESTEIN'S GROCERY - DARIEN M 1 010620-BLUESTEIN'S GROCERY - DARIEN 80.85 .00 80.85 MCIO .000
INVOICE TOTAL............... 80.85 .00 80.85 **
BL0200-0000 010630-BLUE CROSS/BLUE SHIELD M 1 010630-BLUE CROSS/BLUE SHIELD 249.30 16.20 265.50 IUV1 6.500
INVOICE TOTAL............... 249.30 16.20 265.50 **
BL0203-0000 018461-BLUESTEIN'S #2 M 2 010635-BLUESTEIN'S GROCERY - EULONIA 66.09 .00 66.09 MCIO .000
INVOICE TOTAL............... 66.09 .00 66.09 **
BL0300-0000 020602-BLACK-EYED PEA M 2 020537-BLACK EYED PEA 64.50 3.87 68.37 MAR1 6.000
INVOICE TOTAL............... 64.50 3.87 68.37 **
BOOO54-0000 018828-BOB EVANS FARMS, INC. M 1 018829-BOB EVANS FARMS, INC. 50.00 3.00 53.00 COL1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
BO0064-0000 017457-BOB EVANS FARMS INC. M 1 017457-BOB EVAN'S FARMS INC. 58.75 3.53 62.28 ALA1 6.000
INVOICE TOTAL............... 58.75 3.53 62.28 **
BO0104-0000 019437-BOND'S M 2 000490-BOND'S 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
BO0107-0000 019848-BOB EVANS M 1 019848-BOB EVANS 53.00 3.18 56.18 MAR1 6.000
INVOICE TOTAL............... 53.00 3.18 56.18 **
BO0124-0000 019437-BOND'S M 2 018837-BOND'S 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
BO0134-0000-019023-BOND'S M 1 019023-BOND'S 57.75 4.04 61.79 CLA1 7.000
INVOICE TOTAL............... 57.75 4.04 61.79 **
BO0144-0000-019409-BOND'S M 1 019409-BOND'S 57.75 3.75 61.50 DUV1 6.500
INVOICE TOTAL............... 57.75 3.75 61.50 **
BO0154-0000 019786-BOND'S M 1 019786-BOND'S 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
BO0160-0000 020425-BOND'S M 1 020425-BOND'S 55.00 3.85 58.85 CLA1 7.000
INVOICE TOTAL............... 55.00 3.85 58.85 **
BO0164-0000 019434-BOND'S M 1 019434-BOND'S 57.75 .00 57.75 CAM1 .000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 13
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 57.75 .00 57.75 **
BO0165-0000 019715-BONO'S M 2 019716-BONO'S 45.00 2.70 47.70 ALA1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
BO0180-0000 019437-BONO'S M 2 020226-BONO'S BBQ 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
BO0190-0000 020767-BONO'S M 1 020767-BONO'S 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
BO0204-0000 019437-BONO'S M 2 000489-BONO'S 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
BO0207-0000 019849-BOISSONEAULT ONCOLOGY M 1 019849-BOISSONEAULT ONCOLOGY 75.00 4.50 79.50 MAR1 6.000
INVOICE TOTAL............... 75.00 4.50 79.50 **
BO0304-0000 019437-BONO'S M 2 018482-BONO'S 69.50 4.52 74.02 DUV1 6.500
INVOICE TOTAL............... 69.50 4.52 74.02 **
BO0307-0000 019850-BONO'S BBQ M 1 019850-BONO'S BBQ 59.00 3.54 62.54 MAR1 6.000
INVOICE TOTAL............... 59.00 3.54 62.54 **
BR0100-0000 010725-BRANNON, BROWN, ETAL M 1 010725-BRANNON, BROWN, ETAL 72.00 4.32 76.32 COL1 6.000
INVOICE TOTAL............... 72.00 4.32 76.32 **
BR0105-0000 010730-BRASINGTON CAD,/OLDS INC. M 1 010730-BRASINGTON CAD,/OLDS INC. 40.39 2.42 42.81 ALA1 6.000
INVOICE TOTAL............... 40.39 2.42 42.81 **
BR0110-0000 020079-BRIDAL CENTER OF JACKSONVILLE M 1 020079-BRIDAL CENTER OF JACKSONVILLE 45.00 2.93 47.93 DUVI 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
BR0113-0000 018032-BRUNSWICK MALL M 1 018032-BRUNSWICK MALL 42.00 .00 42.00 GLY1 .000
INVOICE TOTAL............... 42.00 .00 42.00 **
BR0114-4000 019582-MUZAK/BROWN SHOES M 2 019531-BROWN SHOE STORE #700 43.00 .00 43.00 STJO .000
INVOICE TOTAL............... 43.00 .00 43.00 **
BR0120-0000 017040-BREAST HEALTH CENTER M 1 010740-BREAST HEALTH CENTER 42.35 2.75 45.10 DUVI 6.500
INVOICE TOTAL............... 42.35 2.75 45.10 **
BR0130-0000 010745-BRETT'S WATERWAY CAFE M 1 010745-BRETT'S WATERWAY CAFE 182.00 10.92 192.92 NAS1 6.000
INVOICE TOTAL............... 182.00 10.92 192.92 **
BR0140-0000 019394-BRANT, MOORE, SAPP, ET AL M 1 019394-BRANT, MOORE, SAPP, ET AL 37.00 2.41 39.41 DUV1 6.500
INVOICE TOTAL............... 37.00 2.41 39.41 **
BR0150-0000 019822-BRYAN ACE HARDWARE M 1 019822-BRYAN ACE HARDWARE 40.00 2.80 42.80 CLA1 7.000
INVOICE TOTAL............... 40.00 2.90 42.80 **
BR0160-0000 020319-BRANFORD STATE BANK M 1 020319-BRANFORD STATE BANK 71.50 5.01 76.51 SUW1 7.000
INVOICE TOTAL............... 71.50 5.01 76.51 **
BR0170-0000 020073-BROUDY'S LIQUORS M 2 021122-BROUDY'S LIQUORS 67.50 4.39 71.89 DUV1 6.500
INVOICE TOTAL............... 67.50 4.39 71.89 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 14
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
BR0504-0000 010765-BROUDY BROTHERS M 1 101765-BROUDY BROTHERS 83.68 5.02 88.70 STJ1 6.000
INVOICE TOTAL............... 83.68 5.02 88.70 **
BU0073-0000 018751-BUDGETEL INNS M 1 018751-BUDGETEL INNS 35.00 .00 35.00 GLY1 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
BU0093-0000 010770-CLARION RESORT M 1 010770-CLARION RESORT 251.50 .00 251.50 GLY0 .000
INVOICE TOTAL............... 251.50 .00 251.50 **
BU0100-0000 020540-BURGER KING M 1 020504-BURGER KING 35.00 2.10 37.10 STJ1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
BU0103-0001 019784-RDP INC/BURGER KING M 2 004025-BURGER KING #1 58.25 .00 58.25 WAR0 .000
INVOICE TOTAL............... 58.25 .00 58.25 **
BU0107-0000 019851-BURDINE'S M 1 019851-BURDINE'S 65.00 3.90 68.90 MAR1 6.000
INVOICE TOTAL............... 65.00 3.90 68.90 **
BU0110-0000 018791-BUDGETEL INNS M 1 018791-BUDGETEL INNS 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
BU0113-0000 019784-RDP INC/BURGER KING M 2 018087-BURGER KING 58.25 .00 58.25 GLY1 .000
INVOICE TOTAL............... 58.25 .00 58.25 **
BU0114-0000 019400-BUDDY HUTCHINSON TOYOTA M 1 019400-BUDDY HUTCHINSON TOYOTA 71.00 4.62 75.62 DUV1 6.500
INVOICE TOTAL............... 71.00 4.62 75.62 **
BU0120-0000 020464-BUDDY HUTCHINSON M 1 020464-BUDDY HUTCHINSON
HONDA & MAZDA HONDA & MAZDA 58.00 3.48 61.48 STJ1 6.000
INVOICE TOTAL............... 58.00 3.48 61.48 **
BU0123-0000 019784-RDP INC/BURGER KING M 2 004035-BURGR KING 62.25 .00 62.25 GLY1 .000
INVOICE TOTAL............... 62.25 .00 62.25 **
BU0124-0000 010775-BURDINE'S M 1 010775-BURDINE'S 94.65 5.68 100.33 ALA1 6.000
INVOICE TOTAL............... 94.65 5.68 100.33 **
BU0133-0000 019784-RDP INC/BURGER KING M 2 004030-BURGER KING 58.25 .00 58.25 GLY1 .000
INVOICE TOTAL............... 58.25 .00 58.25 **
BU0164-0000 010835-BURGER KING M 2 004085-BURGER KING #2131 35.00 2.10 37.10 STJ1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
BU0174-0000 018370-TWELVE TWENTY M 2 019303-BURGER KING #7068 43.84 2.85 46.69 DUV1 6.500
ENTERPRISES INC. INVOICE TOTAL............... 43.84 2.85 46.69 **
BU0274-0000 004055-BURGER KING M 1 004055-BURGER KING 50.93 3.31 54.24 DUV1 6.500
INVOICE TOTAL............... 50.93 3.31 54.24 **
BU0314-0000 018370-TWELVE TWENTY M 2 020181-BURGER KING #7781 43.84 2.85 46.69 DUV1 6.500
ENTERPRISES INC. INVOICE TOTAL............... 43.84 2.85 46.69 **
BU0400-0000 010795-BURGER KING M 3 004050-#56 59.00 3.54 62.54 ALA1 6.000
004060-#1539 59.00 3.54 62.54 PUT1 6.000
004065-#1363 59.00 3.54 62.54 ALA1 6.000
004070-#1679 59.00 3.54 62.54 COL1 6.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 15
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
004075-#2314 59.00 3.54 62.54 ALA1 6.000
004080-#4021 59.00 3.54 62.54 PUT1 6.000
017119-#4624 59.00 3.54 62.54 ALA1 6.000
018454-#5507 59.00 4.13 63.13 BRD1 7.000
020936-#9162 59.00 4.13 63.13 LEV1 7.000
INVOICE TOTAL............... 531.00 33.04 564.04 **
BU0505-0000 010840-BUTLER PLAZA M 1 010840-BUTLER PLAZA 45.00 2.70 47.70 ALA1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
BU0634-0000 018370-TWELVE TWENTY ENTERPRISES INC. M 2 017064-BURGER KING #1197 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU0644-0000 018370-TWELVE TWENTY ENTERPRISES INC. M 2 017073-BURGER KING #3733 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU0714-0000 018373-CHARMAR RESTAURANTS INC. M 2 017056-BURGER KING #1952 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU0724-0000 018373-CHARMAR RESTAURANTS INC. M 2 017065-BURGER KING #1958 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU0734-0000 018373-CHARMAR RESTAURANTS INC. M 2 017067-BURGER KING #1477 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU0814-0000 018374-J BAR OF NORTH FLORIDA INC. M 2 017057-BURGER KING #1953 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU0824-0000 018374-J BAR OF NORTH FLORIDA INC. M 2 017066-BURGER KING #1724 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU0834-0000 018374-J BAR OF NORTH FLORIDA INC. M 2 017069-BURGER KING #2217 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU0844-0000 018372-GASKINS, INC. M 2 019454-BURGER KING #6986 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU0890-0000 019784-RDP INC/BURGER KING M 2 020895-BURGER KING 58.25 .00 58.25 CAM1 .000
INVOICE TOTAL............... 58.25 .00 58.25 **
BU0914-0000 018373-CHARMAR RESTAURANTS INC. M 2 017095-BURGER KING #1951 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU0924-0000 018373-CHARMAR RESTAURANTS INC. M 2 017059-BURGER KING #1955 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU0934-0000 018373-CHARMAR RESTAURANTS INC. M 2 017070-BURGER KING #2959 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU1014-0000 018374-J BAR OF NORTH FLORIDA INC. M 2 017058-BURGER KING #4 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU1024-0000 018374-J BAR OF NORTH FLORIDA INC. M 2 017060-BURGER KING #6 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 16
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
BU1034-0000 018374-J BAR OF NORTH FLORIDA INC. M 2 017071-BURGER KING #18 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU1044-0000 018374-J BAR OF NORTH FLORIDA INC. M 2 019827-BURGER KING #7121 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU1110-0000 018375-TWIN T CORP M 2 021100-BURGER KING 43.84 3.07 46.91 CLA1 7.000
INVOICE TOTAL............... 43.84 3.07 46.91 **
BU1114-0000 018375-TWIN T CORP M 2 017063-BURGER KING #9 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU1120-0000 018370-TWELVE TWENTY ENTERPRISES INC. M 2 020930-BURGER KING 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU1124-0000 018375-TWIN T CORP M 2 017068-BURGER KING #15 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU1134-0000 018375-TWIN T CORP M 2 017072-BURGER KING #19 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU1144-0000 018375-TWIN T CORP M 2 019257-BURGER KING 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU1154-0000 018375-TWIN T CORP M 2 020258-BURGER KING 43.84 3.07 46.91 CLAI 7.000
INVOICE TOTAL............... 43.84 3.07 46.91 **
BU1214-0000 018376-ACCO RESTAURANTS INC. M 2 017061-BURGER KING #7 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU1224-0000 018376-ACCO RESTAURANTS INC. M 2 017074-BURGER KING #21 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
BU1414-0000 018373-CHARMAR RESTAURANTS INC. M 2 019548-BURGER KING #7257 43.84 2.85 46.69 DUV1 6.500
INVOICE TOTAL............... 43.84 2.85 46.69 **
CA0020-0000 016045-CAPTAIN D'S M 2 017075-CAPTAIN D'S #3380 28.50 1.85 30.35 DUV1 6.500
INVOICE TOTAL............... 28.50 1.85 30.35 **
CA0030-0000 016045-CAPTAIN D'S M 2 002801-CAPTAIN D'S #3374 28.50 1.85 30.35 DUV1 6.500
INVOICE TOTAL............... 28.50 1.85 30.35 **
CA0040-0000 016045-CAPTAIN D'S M 2 002804-CAPTAIN D'S #3372 28.50 1.85 30.35 DUV1 6.500
INVOICE TOTAL............... 28.50 1.85 30.35 **
CA0050-0000 016045-CAPTAIN D'S M 2 017076-CAPTAIN D'S #3373 28.50 2.00 30.50 CLA1 7.000
INVOICE TOTAL............... 28.50 2.00 30.50 **
CA0060-0000 016045-CAPTAIN D'S M 2 002836-CAPTAIN D'S #3371 28.50 1.85 30.35 DUV1 6.500
INVOICE TOTAL............... 28.50 1.85 30.35 **
CA0070-0000 016045-CAPTAIN D'S M 2 017077-CAPTAIN D'S #3379 28.50 1.85 30.35 DUV1 6.500
INVOICE TOTAL............... 28.50 1.85 30.35 **
CA0080-000 016045-CAPTAIN D'S M 2 002803-CAPTAIN D'S #3378 28.50 1.85 30.35 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 17
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 28.50 1.85 30.35 **
CA0090-0000 016045-CAPTAIN D'S M 2 017078-CAPTAIN D'S #3377 28.50 1.85 30.35 DUV1 6.500
INVOICE TOTAL............... 28.50 1.85 30.35 **
CA0110-0000 016045-CAPTAIN D'S M 2 017259-CAPTAIN D'S #3375 28.50 1.71 30.21 ALA1 6.000
INVOICE TOTAL............... 28.50 1.71 30.21 **
CA0120-0000 018749-CAPTAIN D'S M 2 018737-CAPTAIN D'S 28.50 1.71 30.21 NAS1 6.000
INVOICE TOTAL............... 28.50 1.71 30.21 **
CA0123-0000 019018-SEA PALMS CORPORATION M 2 019003-CAFE OGLETHORPE 100.00 .00 100.00 GLY1 .000
INVOICE TOTAL............... 100.00 .00 100.00 **
CA0130-0000 018671-CARLYLE & CO. M 2 019040-CARLYLE & CO. #229 150.00 9.75 159.75 Q DUV1 6.500
INVOICE TOTAL............... 150.00 9.75 159.75 **Q
CA0140-0000 016045-CAPTAIN D'S M 2 017120-CAPTAIN D'S #3376 28.50 2.00 30.50 BRD1 7.000
INVOICE TOTAL............... 28.50 2.00 30.50 **
CA0143-0000 018031-CAPTAIN'S TABLE M 1 018031-CAPTAIN'S TABLE 36.00 .00 36.00 GLY1 .000
INVOICE TOTAL............... 36.00 .00 36.00 **
CA0150-0000 021046-CAPTAIN D'S M 1 021046-CAPTAIN D'S 28.50 .00 28.50 GLY1 .000
INVOICE TOTAL............... 28.50 .00 28.50 **
CA0160-0000 018671-CARLYLE & CO. M 2 018623-CARLYLE & CO. #177 150.00 9.75 159.75 Q DUV1 6.500
INVOICE TOTAL............... 150.00 9.75 159.75 **Q
CA0170-0000 020282-CAFE & CATERER'S M 1 020282-CAFE & CATERER'S 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
CA0180-0000 020308-CARNETT M 1 020308-CARNETT 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
CA0190-0000 021029-CAPTAIN STEVE'S SEAFOOD M 1 021029-CAPTAIN STEVE'S SEAFOOD 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
CA0210-0000 021163-MUZAK/CATO M 2 021135-CATO #533 35.00 .00 35.00 COL0 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
CA0300-0000 020628-CASABLANCA M 1 020628-CASABLANCA 89.00 5.79 94.79 DUV1 6.500
INVOICE TOTAL............... 89.00 5.79 94.79 **
CA0414-0000 010855-CANADA DRY BOTTLING CO. M 1 010855-CANADA DRY BOTTLING CO. 71.46 4.64 76.10 DUV1 6.500
INVOICE TOTAL............... 71.46 4.64 76.10 **
CA0500-0000 017025-ARVIDA/JMB PARTNERS M 1 017025-ARVIDA/JMB PARTNERS 275.00 16.50 291.50 STJ1 6.000
INVOICE TOTAL............... 275.00 16.50 291.50 **
CA0600-0002 010880-ETHAN ALLEN M 2 004140-ETHAN ALLEN HOME INTERIORS 42.25 2.75 45.00 DUV1 6.500
INVOICE TOTAL............... 42.25 2.75 45.00 **
CA0750-0000 010890-CARUSO CHRYSLER PLYMOUTH M 1 010890-CARUSO CHRYSLER PLYMOUTH 25.00 1.63 26.63 DUV1 6.500
INVOICE TOTAL............... 25.00 1.63 26.63 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 18
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
CA0800-0000 010895-CASTLETON BEVERAGE CORP. M 1 010895-CASTLETON BEVERAGE CORP. 73.14 4.75 77.89 DUV1 6.500
INVOICE TOTAL............... 73.14 4.75 77.89 **
CEO140-0000 020968-CENTRAL PARK #3 M 2 020795-CENTRAL PARK CAFE 65.00 .00 65.00 GLY1 .000
INVOICE TOTAL............... 65.00 .00 65.00 **
CE0150-0000 021097-CELLULAR ONE M 1 021097-CELLULAR ONE 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
CE0170-0000 021058-CENTER STREET M 1 021058-CENTER STREET 95.00 .00 95.00 NAS0 .000
INVOICE TOTAL............... 95.00 .00 95.00**
CEO180-0000 021117-CEDAR RIVER SEAFOOD M 1 021117-CEDAR RIVER SEAFOOD 49.00 2.94 51.94 NAS1 6.000
INVOICE TOTAL............... 49.00 2.94 51.94 **
CE0190-0000 021116-CEDAR RIVER SEAFOOD M 1 021116-CEDAR RIVER SEAFOOD 49.00 3.43 52.43 CLA1 7.000
INVOICE TOTAL............... 49.00 3.43 52.43 **
CEO207-0000 019855-CERTIFIED GROCERS M 1 019855-CERTIFIED GROCERS 48.00 2.88 50.88 MAR1 6.000
INVOICE TOTAL............... 48.00 2.88 50.88 **
CH0110-0000 019313-CHARNECO SKIN CARE CENTER M 1 019313-CHARNECO SKIN CARE CENTER 41.00 2.67 43.67 DUV1 6.500
INVOICE TOTAL............... 41.00 2.67 43.67 **
CH0120-0000 020127-CHUCK WAGON M 1 020127-CHUCK WAGON 77.50 4.65 82.15 ALA1 6.000
INVOICE TOTAL............... 77.50 4.65 82.15 **
CH0214-0000 010965-CHAMPION CRAFTS, INC. M 1 010965-CHAMPION CRAFTS, INC. 81.00 5.27 86.27 DUV1 6.500
INVOICE TOTAL............... 81.00 5.27 86.27 **
CH0400-0000 010995-CHINA HOUSE RESTAURANT M 1 010995-CHINA HOUSE RESTAURANT 36.27 2.36 38.63 DUV1 6.500
INVOICE TOTAL............... 36.27 2.36 38.63 **
CH0410-0000 018480-CHASE MANHATTAN MORTGAGE M 1 018480-CHASE MANHATTAN MORTGAGE 41.50 2.70 44.20 DUV1 6.500
INVOICE TOTAL............... 41.50 2.70 44.20 **
CI0107-0000 019999-CITIZENS FIRST BANK M 2 019856-CITIZENS BANK 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
CI0170-0000 019197-CNB NATIONAL BANK M 2 019252-CNB NATIONAL BANK 50.00 3.50 53.50 SUW1 7.000
INVOICE TOTAL............... 50.00 3.50 53.50 **
CI0200-0000 011015-CITIZENS BANK MACCLENNY M 1 011015-CITIZENS BANK MACCLENNY 105.00 7.35 112.35 BAK1 7.000
INVOICE TOTAL............... 105.00 7.35 112.35 **
CI0210-0000 017890-CITIZENS BANK MACCLENNY M 1 017890-CITIZENS BANK MACCLENNY 78.50 5.50 84.00 BAK1 7.000
INVOICE TOTAL............... 78.50 5.50 84.00 **
CI0300-0002 004285-CITIZENS BANK M 1 004285-CITIZENS BANK 45.90 2.98 48.88 DUV1 6.500
INVOICE TOTAL............... 45.90 2.98 48.88 **
CI0307-0000 019999-CITIZENS FIRST BANK M 2 019858-CITIZENS FIRST BANK 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
CL0094-0000 018240-CLARK'S FISH CAMP M 1 018240-CLARK'S FISH CAMP 115.00 7.48 122.48 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 19
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 115.00 7.48 122.48 **
CL0100-0000 011035-CLAUDE NOLAN CADILLAC M 1 011035-CLAUDE NOLAN CADILLAC 65.45 4.25 69.70 DUV1 6.500
INVOICE TOTAL............... 65.45 4.25 69.70 **
CL0105-0000 011040-CLOCK RESTAURANT HEADQUARTERS M 2 004305-CLOCK RESTAURANT #250 40.00 2.40 42.40 ALA1 6.000
INVOICE TOTAL............... 40.00 2.40 42.40 **
CL0107-0000 011040-CLOCK RESTAURANT HEADQUARTERS M 2 019860-CLOCK RESTAURANT 40.00 2.40 42.40 MAR1 6.000
INVOICE TOTAL............... 40.00 2.40 42.40 **
CL0114-0000 020098-CLAIRSON INTERNATIONAL M 1 020098-CLAIRSON INTERNATIONAL 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
CL0124-0000 020097-CLAIRSON INTERNATIONAL M 1 020097-CLAIRSON INTERNATIONAL 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
CL0150-0000 017002-CLAY COUNTY BANK M 1 017002-CLAY COUNTY BANK 64.35 4.50 68.85 CLA1 7.000
INVOICE TOTAL............... 64.35 4.50 68.85 **
CL0220-0000 019524-AUDIO COMMUNICATIONS NETWORK M 3 011075-#12 39.06 2.54 41.60 DUV1 6.500
011080-#25 39.06 2.34 41.40 ALA1 6.000
011085-#29 39.06 2.54 41.60 DUV1 6.500
011090-#537 39.06 2.54 41.60 DUV1 6.500
017309-#407 39.07 2.73 41.80 CLA1 7.000
017959-#413 44.07 2.86 46.93 DUV1 6.500
019861-#244 39.06 2.34 41.40 MAR1 6.000
INVOICE TOTAL............... 278.44 17.89 296.33 **
CL0250-0000 011055-CLERK CIRCUIT COURT M 1 011055-CLERK CIRCUIT COURT 65.00 .00 65.00 CLA0 .000
INVOICE TOTAL............... 65.00 .00 65.00 **
CL0310-0000 011040-CLOCK RESTAURANT HEADQUARTERS M 2 004330-CLOCK RESTAURANT #222 40.00 2.40 42.40 PUT1 6.000
INVOICE TOTAL............... 40.00 2.40 42.40 **
CL0320-0000 011040-CLOCK RESTAURANT HEADQUARTERS M 2 004335-CLOCK RESTAURANT #236 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
CN0110-0000 021152-MUZAK/CNA M 2 021140-CNA INSURANCE 35.00 .00 35.00 DUV0 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
CN0120-0000 020787-CNB NATIONAL BANK M 1 020787-CNB NATIONAL BANK 58.45 4.09 62.54 BRD1 7.000
INVOICE TOTAL............... 58.45 4.09 62.54 **
CN0130-0000 020786-CNB NATIONAL BANK M 1 020786-CNB NATIONAL BANK 61.45 3.69 65.14 COL1 6.000
INVOICE TOTAL............... 61.45 3.69 65.14 **
CN0140-0000 020785-CNB NATIONAL BANK M 1 020785-CNB NATIONAL BANK 53.00 3.71 56.71 SUW1 7.000
INVOICE TOTAL............... 53.00 3.71 56.71 **
CO0034-0000 018127-COGGIN ACURA M 2 018105-COGGIN ACURA 95.00 6.18 101.18 DUV1 6.500
INVOICE TOTAL............... 95.00 6.18 101.18 **
CO0044-0000 017965-COGGIN NISSAN M 1 017965-COGGIN NISSAN 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 20
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
CD0063-0001 011125-COASTAL BANK OF GEORGIA M 5 011125-NEW CASTLE 49.50 .00 49.50 GLY0 .000
CD0063-0002 011125-COASTAL BANK OF GEORGIA M 5 004380-ALTAMA 53.50 .00 53.50 GLY0 .000
CD0063-0003 011125-COASTAL BANK OF GEORGIA M 5 019166-FREDERICA 45.00 .00 45.00 GLY1 .000
CD0063-0004 011125-COASTAL BANK OF GEORGIA M 5 004400-BEACHVIEW 38.50 .00 38.50 GLY0 .000
CD0063-0006 011125-COASTAL BANK OF GEORGIA M 5 004945-2601 OSBORNE 48.40 .00 48.40 CAM1 .000
INVOICE TOTAL............... 234.90 .00 234.90 **
CD0100-0000 011100-COGGIN PONTIAC M 2 004365-COGGIN PONTIAC 182.00 11.83 193.83 DUV1 6.500
INVOICE TOTAL............... 182.00 11.83 193.83 **
CD0103-0000 002174-DAN VADEN CHEVROLET-OLDS M 1 002174-DAN VADEN CHEVROLET-OLDS 98.00 .00 98.00 GLY0 .000
INVOICE TOTAL............... 98.00 .00 98.00 **
CD0110-0000 021084-MUZAK/COMPUTER CITY M 2 021042-COMPUTER CITY 50.00 .00 50.00 DUV0 .000
INVOICE TOTAL............... 50.00 .00 50.00 **
CD0113-0000 018810-COMFORT INN/DENNY'S/SLEEP INN M 1 018810-COMFORT INN/DENNY'S/SLEEP INN 240.00 .00 240.00 GLY1 .000
INVOICE TOTAL............... 240.00 .00 240.00 **
CD0120-0000 017342-COGGIN HONDA M 2 004385-COGGIN HONDA 84.75 5.51 90.26 DUV1 6.500
INVOICE TOTAL............... 84.75 5.51 90.26 **
CD0123-0000 002481-COMFORT INN M 1 002481-COMFORT INN 186.50 .00 186.50 GLY0 .000
INVOICE TOTAL............... 186.50 .00 186.50 **
CD0130-0000 011140-SUN BANK OF VOLUSIA COUNTY M 2 004410-SUN BANK OF VOLUSIA 45.00 3.15 48.15 FLG1 7.000
INVOICE TOTAL............... 45.00 3.15 48.15 **
CD0140-0000 020852-COMPUTER POWER INC. M 2 020570-COMPUTER POWER 1800.00 117.00 1917.00 DUV1 6.500
INVOICE TOTAL............... 1800.00 117.00 1917.00 **
CD0150-0000 021004-COMPUMEDIA M 1 021004-COMPUMEDIA 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
CD0154-0000 019291-COMMUNITY FIRST BANK M 2 017599-COMMUNITY FIRST BANK 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
CD0160-0000 020528-MUZAK/COMP USA M 2 020437-COMP USA #617 45.00 .00 45.00 DUV0 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
CD0170-0000 002033-COLUMBIA HOUSE RESTAURANT M 1 002033-COLUMBIA HOUSE RESTAURANT 75.00 4.50 79.50 STJ1 6.000
INVOICE TOTAL............... 75.00 4.50 79.50 **
CD0180-0000 011155-CB COMMERCIAL REAL ESTATE M 1 004420-CB COMMERCIAL REAL ESTATE 59.29 3.85 63.14 DUV1 6.500
INVOICE TOTAL............... 59.29 3.85 63.14 **
CD0190-0000 019197-CNB NATIONAL BANK M 2 019146-CNB NATIONAL BANK 55.00 3.30 58.30 COL1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
CD0200-0000 011160-COLUMBIA COUNTY BANK M 1 011160-COLUMBIA COUNTY BANK 88.63 5.32 93.95 COL1 6.000
INVOICE TOTAL............... 88.63 5.32 93.95 **
CD0210-0000 020969-COACH M 1 020969-COACH 77.00 5.01 82.01 DUV1 6.500
INVOICE TOTAL............... 77.00 5.01 82.01 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 21
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
CO0220-0000 020880-CORBEL AND COMPANY M 1 020880-CORBEL AND COMPANY 150.00 9.75 159.75 DUV1 6.500
INVOICE TOTAL............... 150.00 9.75 159.75 **
CO0230-0000 021065-COURSON'S M 1 021065-COURSON'S 51.00 .00 51.00 JEF1 .000
INVOICE TOTAL............... 51.00 .00 51.00 **
CO0250-0000 017269-ANDERSON COLUMBIA CO., INC. M 1 017269-ANDERSON COLUMBIA CO., INC. 30.50 1.83 32.33 COL1 6.000
INVOICE TOTAL............... 30.50 1.83 32.33 **
CO0290-0000 019197-CNB NATIONAL BANK M 2 020151-CNB NATIONAL BANK 53.00 3.71 56.71 BAK1 7.000
INVOICE TOTAL............... 53.00 3.71 56.71 **
CO0320-0000 011175-COMMUNITY SAVINGS BANK M 2 017602-COMMUNITY SAVINGS BANK 57.75 3.75 61.50 DUV1 6.500
INVOICE TOTAL............... 57.75 3.75 61.50 **
CO0340-0000 019197-CNB NATIONAL BANK M 2 017005-CNB NATIONAL BANK 70.70 4.24 74.94 COL1 6.000
INVOICE TOTAL............... 70.70 4.24 74.94 **
CO0350-0000 011175-COMMUNITY SAVINGS BANK M 1 011175-COMMUNITY SAVINGS BANK 65.45 4.25 69.70 DUV1 6.500
INVOICE TOTAL............... 65.45 4.25 69.70 **
CO0364-0000 011180-COMMUNITY S & L BLDG. M 2 004450-COMMUNITY S & L BLDG. 69.40 4.51 73.91 DUV1 6.500
INVOICE TOTAL............... 69.40 4.51 73.91 **
CO0370-0000 011175-COMMUNITY SAVINGS BANK M 2 018869-COMMUNITY SAVINGS BANK 60.50 3.63 64.13 STJ1 6.000
INVOICE TOTAL............... 60.50 3.63 64.13 **
CO0380-0000 019145-COMPUTER POWER M 2 011190-COMPUTER POWER 140.00 9.10 149.10 DUV1 6.500
INVOICE TOTAL............... 140.00 9.10 149.10 **
CO0400-0000 011195-CONRAD HAWKINS CHEVROLET M 1 011195-CONRAD HAWKINS CHEVROLET 265.00 17.23 282.23 DUV1 6.500
INVOICE TOTAL............... 265.00 17.23 282.23 **
CO0410-0000 020852-COMPUTER POWER INC. M 2 019417-COMPUTER POWER 115.00 7.48 122.48 DUV1 6.500
INVOICE TOTAL............... 115.00 7.48 122.48 **
CO0420-0000 020852-COMPUTER POWER INC. M 2 019835-COMPUTER POWER - 3RD & 5TH FL. 125.00 8.13 133.13 DUV1 6.500
INVOICE TOTAL............... 125.00 8.13 133.13 **
CO0440-0000 018328-COMFORT SUITES HOTEL M 1 018328-COMFORT SUITES HOTEL 78.50 5.10 83.60 DUV1 6.500
INVOICE TOTAL............... 78.50 5.10 83.60 **
CO0600-0000 011205-COOPERS & LYBRAND, L.L.P. M 1 011205-COOPERS & LYBRAND, L.L.P. 135.00 8.78 143.78 DUV1 6.500
INVOICE TOTAL............... 135.00 8.78 143.78 **
CO0700-0000 020516-COVE RESTAURANT M 1 020516-COVE RESTAURANT 338.50 22.00 360.50 DUV1 6.500
INVOICE TOTAL............... 338.50 22.00 360.50 **
CR0113-0000 018030-CRAB TRAP RESTAURANT M 1 018030-CRAB TRAP RESTAURANT 462.00 0.00 462.00 GLY1 .000
INVOICE TOTAL............... 462.00 0.00 462.00 **
CR0120-0001 028144-CROWLEY MARITIME M 2 011240-CROWLEY-MARITIME 699.00 45.44 744.44 DUV1 6.500
INVOICE TOTAL............... 699.00 45.44 744.44 **
CR0120-0002 028144-CROWLEY MARITIME M 2 017666-CROWLEY MARITIME-MARINE OP. 50.82 3.30 54.12 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 22
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 50.82 3.30 54.12 **
CR0140-0000 020670-CRAFTS AND STUFF M 1 020670-CRAFTS AND STUFF 65.00 3.90 68.90 ALA1 6.000
INVOICE TOTAL............... 65.00 3.90 68.90 **
CR0144-0000 019635-CREATIVE MANAGEMENT SERVICES M 1 019635-CREATIVE MANAGEMENT SERVICES 39.50 2.57 42.07 DUV1 6.500
INVOICE TOTAL............... 39.50 2.57 42.07 **
CR0510-0000 019397-MOUNTAIN BROOK INN ASSOCIATES M 2 017734-CROSSROADS CENTER 74.25 4.83 79.08 DUV1 6.500
INVOICE TOTAL............... 74.25 4.83 79.08 **
CS0120-0000 018104-BTI M 1 018104-BTI 245.00 15.93 260.93 DUV1 6.500
INVOICE TOTAL............... 245.00 15.93 260.93**
CS0140-0000 020366-CSX TRANSPORTATION M 1 020366-CSX TRANSPORTATION 215.00 13.98 228.98 DUV1 6.500
INVOICE TOTAL............... 215.00 13.98 228.98 **
CU0200-0000 017681-CUCO'S M 1 017681-CUCO'S 115.00 7.48 122.48 DUV1 6.500
INVOICE TOTAL............... 115.00 7.48 122.48 **
CY0110-0000 019662-CYBERNETICS & SYSTEMS INC. M 2 004530-CYBERNETICS & SYSTEMS 116.76 7.59 124.35 DUV1 6.500
INVOICE TOTAL............... 116.76 7.59 124.35 **
CY0130-0000 018594-CSX TECHNOLOGY M 2 017340-CYBERNETICS & SYSTEMS-9TH FL. 146.90 9.55 156.45 DUV1 6.500
INVOICE TOTAL............... 146.90 9.55 156.45 **
CY0140-0000 018345-CSX-5TH, 6TH & 7TH FLOORS M 1 018345-CSX-5TH, 6TH & 7TH FLOORS 372.79 24.23 397.02 DUV1 6.500
INVOICE TOTAL............... 372.79 24.23 397.02 **
CY0160-0000 019662-CYBERNETICS & SYSTEMS INC. M 2 018364-CYBERNETICS & SYSTEMS-12TH FL. 98.45 6.40 104.85 DUV1 6.500
INVOICE TOTAL............... 98.45 6.40 104.85 **
DA0114-0000 019062-B & J OF ST. AUGUSTINE INC. M 2 002287-DAIRY QUEEN 44.00 2.64 46.64 STJ1 6.000
INVOICE TOTAL............... 44.00 2.64 46.64 **
DA0120-0000 019500-DAYS INN M 1 019500-DAYS INN 45.00 3.15 48.15 BRD1 7.000
INVOICE TOTAL............... 45.00 3.15 48.15 **
DA1300-0000 020406-DAIRY QUEEN M 1 020406-DAIRY QUEEN 46.00 .00 46.00 GLY1 .000
INVOICE TOTAL............... 46.00 .00 46.00 **
DA0133-0000 018880-DAIRY QUEEN M 1 018880-DAIRY QUEEN 46.00 .00 46.00 GLY1 .000
INVOICE TOTAL............... 46.00 .00 46.00 **
DA0140-0000 020856-DAIRY QUEEN M 1 020856-DAIRY QUEEN 58.00 .00 58.00 GLY1 .000
INVOICE TOTAL............... 58.00 .00 58.00 **
DA0150-0000 019349-DANNY SULLIVAN LEXUS M 1 019349-DANNY SULLIVAN LEXUS 99.00 6.44 105.44 DUV1 6.500
INVOICE TOTAL............... 99.00 6.44 105.44 **
DA0153-0000 019709-DAMON'S M 1 019709-DAMON'S 90.00 .00 90.00 GLY1 .000
INVOICE TOTAL............... 90.00 .00 90.00 **
DA0310-0000 017791-DAILY DISCOUNT DRUG STORE M 1 017791-DAILY DISCOUNT DRUG STORE 46.75 3.04 49.79 DUV1 6.500
INVOICE TOTAL............... 46.75 3.04 49.79 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 23
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
DA0400-0000 020293-DATA PLANS INC. M 1 020293-DATA PLANS INC. 67.00 4.36 71.36 DUV1 6.500
INVOICE TOTAL............... 67.00 4.36 71.36 **
DA0404-0000 014065-DAYS INN M 1 014065-DAYS INN 69.83 4.54 74.37 DUV1 6.500
INVOICE TOTAL............... 69.83 4.54 74.37 **
DA0600-0000 011290-DAYS INN M 1 011290-DAYS INN 44.00 2.64 46.64 STJ1 6.000
INVOICE TOTAL............... 44.00 2.64 46.64 **
DE0100-0000 011310-DEERWOOD CLUB M 1 011310-DEERWOOD CLUB 295.00 19.18 314.18 DUV1 6.500
INVOICE TOTAL............... 295.00 19.18 314.18 **
DE0107-0000 019496-NUZAK/DENNY'S M 2 019862-DENNY'S #1901 34.03 .00 34.03 MAR0 .000
INVOICE TOTAL............... 34.03 .00 34.03 **
DE0110-0000 019720-DENNY'S RESTAURANT M 1 019720-DENNY'S RESTAURANT 42.50 2.98 45.48 FLG1 7.000
INVOICE TOTAL............... 42.50 2.98 45.48 **
DE0120-0000 020311-DENNY'S M 1 020311-DENNY'S 38.50 2.31 40.81 ALA1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81**
DE0150-0000 018668-DEERCREEK COUNTRY CLUB M 1 018668-DEERCREEK COUNTRY CLUB 115.00 7.48 122.48 DUV1 6.500
INVOICE TOTAL............... 115.00 7.48 122.48 **
DE0180-0000 020488-DEXTER SHOES M 2 020465-DEXTER SHOES #76 70.61 4.24 74.85 STJ1 6.000
INVOICE TOTAL............... 70.61 4.24 74.85 **
DE0300-0000 019496-MUZAK/DENNY'S M 3 000882-#1431 34.03 .00 34.03 DUV0 .000
002029-#588 34.03 .00 34.03 DUV0 .000
002212-#1511 34.03 .00 34.03 DUV0 .000
017189-#253 34.03 .00 34.03 STJ0 .000
017692-#1787 34.03 .00 34.03 DUV0 .000
020596-#2111 34.03 .00 34.03 DUV0 .000
020657-#2092 34.03 .00 34.03 DUV0 .000
INVOICE TOTAL............... 238.21 .00 238.21 **
DI0110-0000 020028-DILLARD'S FLORIDA DIVISION M 2 019522-DILLARD'S-AVENUES MALL 85.00 5.53 90.53 DUV1 6.500
INVOICE TOTAL............... 85.00 5.53 90.53 **
DO0104-0000 012700-ISLAND CHEVROLET/BUICK/
PONTIAC M 1 012700-ISLAND CHEVROLET/BUICK/PONTIAC 77.25 4.64 81.89 NAS1 6.000
INVOICE TOTAL............... 77.25 4.64 81.89 **
DO0140-0000 020912-DOUBLE-TREE HOTEL M 1 020912-DOUBLE-TREE HOTEL 50.00 3.25 53.25 DUV1 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
DO0400-0000 017863-DR. GRAY DOPSON M 1 017863-DR. GRAY DOPSON 48.40 3.39 51.79 BAK1 7.000
INVOICE TOTAL............... 48.40 3.39 51.79 **
DR0050-0000 011345-DRILTECH INC. M 1 011345-DRILTECH INC. 175.00 10.50 185.50 ALA1 6.000
INVOICE TOTAL............... 175.00 10.50 185.50 **
DR0120-0000 020563-MUZAK/DRESS BARN M 2 020521-WESTPORT LTD. #606 42.00 .00 42.00 STJ0 .000
INVOICE TOTAL............... 42.00 .00 42.00 **
DR0130-0000 020563-MUZAK/DRESS BARN M 2 020945-DRESS BARN #157 42.00 .00 42.00 MCI0 .000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 24
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 42.00 .00 42.00 **
DR0140-0000 020563-MUZAK/DRESS BARN M 2 020871-WESTPORT LTD. #0862 42.00 2.52 44.52 MAR1 6.000
INVOICE TOTAL............... 42.00 2.52 44.52 **
DS0100-0000 011355-D.S.I. FORMS INC. M 1 000903-DSI FORMS INC. 84.70 5.08 89.78 PUT1 6.000
INVOICE TOTAL............... 84.70 5.08 89.78 **
DU1100-0000 020198-DUVAL MOTOR COMPANY M 2 011435-DUVAL MOTOR COMPANY 164.31 10.68 174.99 DUV1 6.500
INVOICE TOTAL............... 164.31 10.68 174.99 **
EA0140-0000 020999-EAGLE HARBOR GOLF CLUBHOUSE M 1 020999-EAGLE HARBOR GOLF CLUBHOUSE 59.00 4.13 63.13 CLA1 7.000
INVOICE TOTAL............... 59.00 4.13 63.13 **
ED0100-0000 011465-ED FRASER MEMORIAL HOSP. M 1 011465-ED FRASER MEMORIAL HOSP. 116.44 .00 116.44 BAK0 .000
INVOICE TOTAL............... 116.44 .00 116.44 **
ED0110-0000 011485-EDUCATIONAL COMM. CREDIT UNION M 2 019520-EDUCATIONAL COMM. CREDIT UNION 51.00 .00 51.00 CLA0 .000
INVOICE TOTAL............... 51.00 .00 51.00 **
ED0120-0000 020832-EDUCATIONAL COMMUNITY CRT. UN. M 1 020832-EDUCATIONAL COMMUNITY CRT. UN. 52.00 .00 52.00 DUV0 .000
INVOICE TOTAL............... 52.00 .00 52.00 **
ED0140-0000 011485-EDUCATIONAL COMM. CREDIT UNION M 2 019534-EDUCATIONAL COMM. CREDIT UNION 51.00 .00 51.00 DUV0 .000
INVOICE TOTAL............... 51.00 .00 51.00 **
ED0500-0000 011485-EDUCATIONAL COMM. CREDIT UNION M 2 004755-EDUCATIONAL COMM. CREDIT UNION 60.63 .00 60.63 DUV0 .000
INVOICE TOTAL............... 60.63 .00 60.63 **
ED0600-0000 011485-EDUCATIONAL COMM. CREDIT UNION M 2 004760-EDUCATIONAL COMM. CREDIT UNION 122.25 .00 122.25 DUV0 .000
INVOICE TOTAL............... 122.25 .00 122.25 **
EI0200-0000 020938-1878 STEAKHOUSE M 1 020938-1878 STEAKHOUSE 70.00 4.20 74.20 NAS1 6.000
INVOICE TOTAL............... 70.00 4.20 74.20 **
EN0303-0000 014240-ENDICOTT BUICK-CADILLAC, INC. M 1 014240-ENDICOTT BUICK-CADILLAC, INC. 53.82 .00 53.82 GLY1 .000
INVOICE TOTAL............... 53.82 .00 53.82 **
EN0510-0000 017704-ENTERPRISE NATIONAL BANK JAX M 1 017704-ENTERPRISE NATIOANL BANK JAX 65.45 4.25 69.70 DUV1 6.500
INVOICE TOTAL............... 65.45 4.25 69.70 **
EP0104-0000 018178-EPPING FOREST YACHT CLUB M 1 018178-EPPING FOREST YACHT CLUB 225.00 14.63 239.63 DUV1 6.500
INVOICE TOTAL............... 225.00 14.63 239.63 **
ET0120-0000 020802-ETHAN ALLEN HOME INTERIORS M 1 020802-ETHAN ALLEN HOME INTERIORS 52.26 3.40 55.66 DUV1 6.500
INVOICE TOTAL............... 52.26 3.40 55.66 **
EU0100-0000 021073-EURO PINES IMPORTS, INC. M 1 021073-EURO PINES IMPORTS, INC. 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
FA0030-0000 011520-FAMILY PRACTICE ASSOC. M 1 011520-FAMILY PRACTICE ASSOC. 65.00 4.55 69.55 CLA1 7.000
INVOICE TOTAL............... 65.00 4.55 69.55 **
FA0104-0000 020708-LEE'S M 2 002195-LEE'S FAMOUS CHICKEN #5713 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 25
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
FA0107-0000 019412-MUZAK/FAMOUS FOOTWEAR M 2 019863-FAMOUS FOOTWEAR 43.00 .00 43.00 MAR0 .000
INVOICE TOTAL............... 43.00 .00 43.00 **
FA0114-0000 019412-MUZAK/FAMOUS FOOTWEAR M 2 018776-FAMOUS FOOTWEAR #335 43.00 .00 43.00 DUV0 .000
INVOICE TOTAL............... 43.00 .00 43.00 **
FA0117-0000 019412-MUZAK/FAMOUS FOOTWEAR M 2 020167-FAMOUS FOOTWEAR #925 43.00 .00 43.00 MAR0 .000
INVOICE TOTAL............... 43.00 .00 43.00 **
FA0120-0000 019412-MUZAK/FAMOUS FOOTWEAR M 2 020906-FAMOUS FOOTWEAR #1373 45.00 .00 45.00 MCI1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
FA0124-0000 019412-MUZAK/FAMOUS FOOTWEAR M 2 018798-FAMOUS FOOTWEAR #334 43.00 .00 43.00 DUV0 .000
INVOICE TOTAL............... 43.00 .00 43.00 **
FA0130-0000 019412-MUZAK/FAMOUS FOOTWEAR M 2 019152-FAMOUS FOOTWEAR #350 43.00 .00 43.00 STJ0 .000
INVOICE TOTAL............... 43.00 .00 43.00 **
FA0140-0000 019412-MUZAK/FAMOUS FOOTWEAR M 2 019407-FAMOUS FOOTWEAR #410 43.00 .00 43.00 GLY0 .000
INVOICE TOTAL............... 43.00 .00 43.00 **
FA0144-0000 019412-MUZAK/FAMOUS FOOTWEAR M 2 019408-FAMOUS FOOTWEAR #488 43.00 .00 43.00 DUV0 .000
INVOICE TOTAL............... 43.00 .00 43.00 **
FA0160-0000 021089-FAST FOOD MERCHANDISERS M 1 021089-FAST FOOD MERCHANDISERS 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
FA0207-0000 019864-LEE'S FAMOUS CHICKEN M 1 019864-LEE'S FAMOUS CHICKEN 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
FE0120-0000 020713-DR. THOMAS FERRELL M 1 020713-DR. THOMAS FERRELL 35.00 .00 35.00 WAR1 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
FI0100-0000 019110-FIRST COAST BAR & GRILLE M 1 019110-FIRST COAST BAR & GRILLE 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
FI0105-0000 020429-BARNETT TECHNOLOGIES INC. M 2 004935-BARNETT BANK 69.00 4.18 73.78 ALA1 6.000
INVOICE TOTAL............... 69.00 4.18 73.78 **
FI0107-0000 019866-FIDDLESTIK M 1 019866-FIDDLESTIK 42.50 2.55 45.05 MAR1 6.000
INVOICE TOTAL............... 42.50 2.55 45.05 **
FI0110-0000 020272-FIRST STREET GRILLE M 1 020272-FIRST STREET GRILLE 67.50 4.39 71.89 DUV1 6.500
INVOICE TOTAL............... 67.50 4.39 71.89 **
FI0115-0000 020863-MCGUREN INVESTMENTS M 2 019443-MCGUREN INVESTMENTS 45.00 2.70 47.70 ALA1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
FI0180-0000 019081-SOUTH TRUST BANK M 2 004950-SOUTH TRUST BANK 41.00 2.67 43.67 DUV1 6.500
INVOICE TOTAL............... 41.00 2.67 43.67 **
FI0200-0000 019081-SOUTH TRUST BANK M 2 004960-SOUTH TRUST BANK 62.65 4.07 66.72 DUV1 6.500
INVOICE TOTAL............... 62.65 4.07 66.72 **
FI0210-0000 021151-FIRST NATIONAL BANK M 2 020821-FIRST NATIONAL BANK 55.00 .00 55.00 CAM1 .000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 26
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 55.00 .00 55.00 **
FI0303-0000 018001-FIRST FEDERAL SAVINGS BANK M 2 017978-FIRST FEDERAL SAVINGS BANK 49.00 .00 49.00 GLY1 .000
INVOICE TOTAL............... 49.00 .00 49.00 **
FI0313-0000 018001-FIRST FEDERAL SAVINGS BANK M 2 017977-FIRST FEDERAL SAVINGS BANK 49.00 .00 49.00 GLY1 .000
INVOICE TOTAL............... 49.00 .00 49.00 **
FI0315-0001 011615-FIRST NATIONAL BANK ALACHUA M 5 004985-N.W. 23RD ST. 48.40 2.90 51.30 ALA1 6.000
FI0315-0002 011615-FIRST NATIONAL BANK ALACHUA M 5 004990-441 6 N. MAIN 48.40 2.90 51.30 ALA1 6.000
INVOICE TOTAL............... 96.80 5.80 102.60 **
FI0323-0000 018001-FIRST FEDERAL SAVINGS BANK M 2 011595-FIRST FEDERAL SAVINGS BANK 77.00 .00 77.00 GLY1 .000
INVOICE TOTAL............... 77.00 .00 77.00**
FI0333-0000 018001-FIRST FEDERAL SAVINGS BANK M 2 018002-FIRST FEDERAL SAVINGS BANK 49.00 .00 49.00 GLY1 .000
INVOICE TOTAL............... 49.00 .00 49.00 **
FI0343-0000 018001-FIRST FEDERAL SAVINGS BANK M 2 018003-FIRST FEDERAL SAVINGS BANK 49.00 .00 49.00 GLY1 .000
INVOICE TOTAL............... 49.00 .00 49.00 **
FI0413-0000 019191-FIRST BANK OF BRUNSWICK M 1 019191-FIRST BANK OF BRUNSWICK 49.00 .00 49.00 GLY1 .000
INVOICE TOTAL............... 49.00 .00 49.00 **
FI0800-0000 005010-FIRST GUARANTY BANK & TRUST M 1 005010-FIRST GUARANTY BANK & TRUST 61.00 3.97 64.97 DUV1 6.500
INVOICE TOTAL............... 61.00 3.97 64.97 **
FI0813-0000 018670-FIRST NATIONAL BANK M 2 018658-FIRST NATIONAL BANK 45.00 .00 45.00 CAM1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
FI1060-0000 020429-BARNETT TECHNOLOGIES INC. M 2 002792-BARNETT BANK - LIVE OAK 85.00 5.95 90.95 SUM1 7.000
INVOICE TOTAL............... 85.00 5.95 90.95 **
FI1100-0000 000174-FIRST GUARANTY BANK & TRUST M 1 000174-FIRST GUARANTY BANK & TRUST 73.97 4.81 78.78 DUV1 6.500
INVOICE TOTAL............... 73.97 4.81 78.78 **
FI1200-0000 017264-FIRST TRUST SAVINGS BANK M 1 017264-FIRST TRUST SAVINGS BANK 44.00 2.86 46.86 DUV1 6.500
INVOICE TOTAL............... 44.00 2.86 46.86 **
FL0100-0000 019619-SUNSTATE FEDERAL CREDIT UNIONN M 2 020182-SUNSTATE FEDERAL CREDIT UNION 59.25 .00 59.25 ALA0 .000
INVOICE TOTAL............... 59.25 .00 59.25 **
FL0105-0000 011670-FLORIDA FARM BUREAU INSURANCE M 1 011670-FLORIDA FARM BUREAU INSURANCE 365.37 21.92 387.29 ALA1 6.000
INVOICE TOTAL............... 365.37 21.92 387.29 **
FL0110-0000 019619-SUNSTATE FEDERAL CREDIT UNIONN M 2 019615-SUNSTATE FEDERAL CREDIT UNION 54.50 .00 54.50 ALA0 .000
INVOICE TOTAL............... 54.50 .00 54.50 **
FL0114-0000 020273-FLORIDA SURGICAL CENTER M 1 020273-FLORIDA SURGICAL CENTER 80.00 .00 80.00 ALA0 .000
INVOICE TOTAL............... 80.00 .00 80.00 **
FL0150-0000 020458-FLORIDA TELCO CREDIT UNION M 1 020458-FLORIDA TELCO CREDIT UNION 60.00 .00 60.00 DUV0 .000
INVOICE TOTAL............... 60.00 .00 60.00 **
FL1200-0000 021059-FLORIDA SUPPLIES & SOLUTIONS M 1 021059-FLORIDA SUPPLIES & SOLUTIONS 55.00 3.58 58.58 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 27
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 55.00 3.58 58.58 **
FL1300-0000 011845-FCCJ-DIRECTOR OF PURCHASING M 1 011845-FCCJ-DIRECTOR OF PURCHASING 90.75 .00 90.75 DUV0 .000
INVOICE TOTAL............... 90.75 .00 90.75 **
FL1500-0000 011860-FLORIDA PUBLISHING CO. M 1 011860-FLORIDA PUBLISHING CO. 210.72 13.70 224.42 DUV1 6.500
INVOICE TOTAL............... 210.72 13.70 224.42 **
FL1600-0000 011865-FLORIDA SCHOOL BOOK DEPOSITORY M 1 011865-FLORIDA SCHOOL BOOK DEPOSITORY 52.35 3.40 55.75 DUV1 6.500
INVOICE TOTAL............... 52.35 3.40 55.75 **
FL1700-0000 020365-FLORIDA WINDSTORM UNDERWRITING M 1 020365-FLORIDA WINDSTORM UNDERWRITING 286.00 18.59 304.59 DUV1 6.500
INVOICE TOTAL............... 286.00 18.59 304.59 **
FL1904-0000 011875-FLORIDA TELCO CREDIT UNION M 1 011875-FLORIDA TELCO CREDIT UNION 60.00 .00 60.00 DUV0 .000
INVOICE TOTAL............... 60.00 .00 60.00 **
FL1950-0000 017121-SUNSTATE FEDERAL CREDIT UNION M 1 017121-SUNSTATE FEDERAL CREDIT UNION 65.75 .00 65.75 ALA0 .000
INVOICE TOTAL............... 65.75 .00 65.75 **
FL2000-0000 011880-FLORIDA YACHT CLUB M 1 011880-FLORIDA YACHT CLUB 64.70 4.21 68.91 DUV1 6.500
INVOICE TOTAL............... 64.70 4.21 68.91 **
FO0100-0000 011885-FONTANELLI, DR. ENIO M 1 011885-FONTANELLI, DR. ENIO 34.29 2.23 36.52 DUV1 6.500
INVOICE TOTAL............... 34.29 2.23 36.52 **
FO0107-0002 017760-FOOD LION INC. M 5 019868-#678 35.00 2.10 37.10 MAR1 6.000
FO0107-0003 017760-FOOD LION INC. M 5 019869-#712 35.00 2.10 37.10 MAR1 6.000
INVOICE TOTAL............... 70.00 4.20 74.20 **
FO0110-0000 019685-FOOD RANCH STORES M 1 019685-FOOD RANCH STORES 64.00 4.48 68.48 LEV1 7.000
INVOICE TOTAL............... 64.00 4.48 68.48 **
FO0140-0000 021103-MUZAK/FOUNDATION HEALTH M 2 020986 FOUNDATION HEALTH 80.00 .00 80.00 DUV0 .000
INVOICE TOTAL............... 80.00 .00 80.00 **
FO0160-0000 017243-FOOD RANCH M 2 011895-FOOD RANCH 55.00 3.85 58.85 LEV1 7.000
INVOICE TOTAL............... 55.00 3.85 58.85 **
FO0200-0000 017576-FOODLAND OF LAKE CITY #7292 M 2 005275-FOODLAND OF LAKE CITY #7292 85.00 5.10 90.10 COL1 6.000
INVOICE TOTAL............... 85.00 5.10 90.10 **
FO0404-0000 017039-FOODLAND INC. M 2 005285-FOODLAND OF LAKE CITY #7291 77.50 4.65 82.15 COL1 6.000
INVOICE TOTAL............... 77.50 4.65 82.15 **
FO0700-0001 017760-FOOD LION INC. M 5 017700-#505 35.00 .00 35.00 GLY1 .000
FO0700-0002 017760-FOOD LION INC. M 5 021061-#565 35.00 .00 35.00 JEF1 .000
FO0700-0003 017760-FOOD LION INC. M 5 017697-#500 35.00 2.28 37.28 DUV1 6.500
FO0700-0004 017760-FOOD LION INC. M 5 017699-#452 35.00 2.28 37.28 DUV1 6.500
FO0700-0005 017760-FOOD LION INC. M 5 017698-#499 35.00 2.28 37.28 DUV1 6.500
FO0700-0006 017760-FOOD LION INC. M 5 017787-#511 35.00 2.45 37.45 CLA1 7.000
FO0700-0007 017760-FOOD LION INC. M 5 017811-#501 35.00 .00 35.00 WAR1 .000
FO0700-0008 017760-FOOD LION INC. M 5 017827-#522 35.00 2.28 37.28 DUV1 6.500
FO0700-0009 017760-FOOD LION INC. M 5 017873-#498 35.00 2.10 37.10 NAS1 6.000
FO0700-0012 017760-FOOD LION INC. M 5 017912-#512 35.00 2.28 37.28 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 28
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
FO0700-0013 017760-FOOD LION INC. M 5 018138-#562 35.00 2.45 37.45 BAK1 7.000
FO0700-0015 017760-FOOD LION INC. M 5 018174-#588 35.00 2.10 37.10 ALA1 6.000
FO0700-0016 017760-FOOD LION INC. M 5 018137-#579 35.00 2.28 37.28 DUV1 6.500
FO0700-0017 017760-FOOD LION INC. M 5 018136-#598 35.00 2.28 37.28 DUV1 6.500
FO0700-0018 017760-FOOD LION INC. M 5 018213-#543 35.00 2.45 37.45 CLA1 7.000
FO0700-0019 017760-FOOD LION INC. M 5 018214-#553 35.00 2.28 37.28 DUV1 6.500
FO0700-0020 017760-FOOD LION INC. M 5 018333-#582 35.00 2.28 37.28 DUV1 6.500
FO0700-0021 017760-FOOD LION INC. M 5 018418-#606 35.00 .00 35.00 CAM1 .000
FO0700-0022 017760-FOOD LION INC. M 5 018366-#570 35.00 2.28 37.28 DUV1 6.500
FO0700-0023 017760-FOOD LION INC. M 5 018429-#689 35.00 .00 35.00 WAR1 .000
FO0700-0025 017760-FOOD LION INC. M 5 018484-#602 35.00 2.45 37.45 SUW1 7.000
FO0700-0026 017760-FOOD LION INC. M 5 018488-#599 35.00 2.45 37.45 BRD1 7.000
FO0700-0027 017760-FOOD LION INC. M 5 018489-#523 35.00 2.28 37.28 DUV1 6.500
FO0700-0029 017760-FOOD LION INC. M 5 018622-#574 35.00 2.10 37.10 COL1 6.000
FO0700-0030 017760-FOOD LION INC. M 5 018665-#608 35.00 2.45 37.45 FLG1 7.000
FO0700-0032 017760-FOOD LION INC. M 5 018714-#594 35.00 2.10 37.10 STJ1 6.000
FO0700-0033 017760-FOOD LION INC. M 5 018715-#709 35.00 2.28 37.28 DUV1 6.500
FO0700-0034 017760-FOOD LION INC. M 5 018767-#696 35.00 2.45 37.45 CLA1 7.000
FO0700-0035 017760-FOOD LION INC. M 5 018844-#772 35.00 2.28 37.28 DUV1 6.500
FO0700-0036 017760-FOOD LION INC. M 5 018886-#833 35.00 2.28 37.28 DUV1 6.500
FO0700-0037 017760-FOOD LION INC. M 5 018978-#713 35.00 2.10 37.10 ALA1 6.000
FO0700-0038 017760-FOOD LION INC. M 5 019111-#636 35.00 2.28 37.28 DUV1 6.500
FO0700-0039 017760-FOOD LION INC. M 5 019153-#913 35.00 2.28 37.28 DUV1 6.500
FO0700-0040 017760-FOOD LION INC. M 5 019416-#604 35.00 2.28 37.28 DUV1 6.500
FO0700-0041 017760-FOOD LION INC. M 5 020055-#1234 35.00 2.10 37.10 MAR1 6.000
FO0700-0042 017760-FOOD LION INC. M 5 020157-#1051 35.00 2.45 37.45 CLA1 7.000
FO0700-0043 017760-FOOD LION INC. M 5 020734-#1154 35.00 2.10 37.10 ALA1 6.000
INVOICE TOTAL............... 1295.00 73.06 1368.06 **
FR0100-0000 011920-FRANK GRIFFIN VOLKSWAGEN - A/P M 1 005315-FRANK GRIFFIN VOLKSWAGEN 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
FR0103-0000 018038-FREDERICA HOUSE RESTAURANT M 1 018038-FREDERICA HOUSE RESTAURANT 65.00 .00 65.00 GLY1 .000
INVOICE TOTAL............... 65.00 .00 65.00 **
FR0114-0000 020306-FRANK GRIFFIN CHRYSLER/
PLYMOUTH M 2 019651-FRANK GRIFFIN CHRY/PLYMOUTH 52.50 3.68 56.18 CLA1 7.000
INVOICE TOTAL............... 52.50 3.68 56.18 **
FR0120-0000 018823-FRANSON, ALDRIDGE & SANDS M 1 018823-FRANSON, ALDRIDGE & SANDS 98.75 6.42 105.17 DUV1 6.500
INVOICE TOTAL............... 98.75 6.42 105.17 **
FR0144-0000 019824-MUZAK/FREDERICK'S M 2 018736-FREDERICK'S OF HOLLYWOOD #187 37.50 .00 37.50 DUV0 .000
INVOICE TOTAL............... 37.50 .00 37.50 **
FR0154-0000 019824-MUZAK/FREDERICK'S M 2 019746-FREDERICK'S OF HOLLYWOOD #312 37.50 .00 37.50 CLA0 .000
INVOICE TOTAL............... 37.50 .00 37.50 **
FT0107-0000 020439-ALACO INC. M 2 019838-FT. MCCOY GROCERY #4648 50.00 3.00 53.00 MAR1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
FU0104-0000 011940-FURNITURE COUNTRY USA M 1 011940-FURNITURE COUNTRY USA 60.00 3.60 63.60 ALA1 6.000
INVOICE TOTAL............... 60.00 3.60 63.60 **
FU0204-0000 011945-ORANGE PARK DISCOUNT FURNITURE M 1 011945-ORANGE PARK DISCOUNT FURNITURE 50.00 3.50 53.50 CLA1 7.000
INVOICE TOTAL............... 50.00 3.50 53.50 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 29
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
GA0110-0000 011965-G & H FOOD STORES M 1 011965-G & H FOOD STORES 73.00 4.38 77.38 COL1 6.000
INVOICE TOTAL............... 73.00 4.38 77.38 **
GA0120-0000 020251-GAINESVILLE ALE HOUSE M 1 020251-GAINESVILLE ALE HOUSE 75.00 4.50 79.50 ALA1 6.000
INVOICE TOTAL............... 75.00 4.50 79.50 **
GA0130-0000 020043-THE LOOP M 1 020043-THE LOOP 79.50 4.77 84.27 ALA1 6.000
INVOICE TOTAL............... 79.50 4.77 84.27 **
GA0160-0000 021132-MUZAK/GANT #779 M 2 021083-GANT #779 55.00 .00 55.00 STJ0 .000
INVOICE TOTAL............... 55.00 .00 55.00**
GA0204-0000 012015-GAINESVILLE SHOPPING CTR M 2 017040-GAINESVILLE SHOPPING CENTER 87.50 5.25 92.75 ALA1 6.000
INVOICE TOTAL............... 87.50 5.25 92.75 **
GA0300-0000 011980-RADISSON M 1 011980-RADISSON 182.96 10.98 193.94 ALA1 6.000
INVOICE TOTAL............... 182.96 10.98 193.94 **
GA0400-0000 011985-GATE PETROLEUM CO. OFFICE M 1 011985-GATE PETROLEUM CO. OFFICE 151.69 9.86 161.55 DUV1 6.500
INVOICE TOTAL............... 151.69 9.86 161.55 **
GA0600-0000 011995-BRAMALEA LIMITED M 1 005390-GATEWAY MARKETPLACE 90.00 5.85 95.85 DUV1 6.500
INVOICE TOTAL............... 90.00 5.85 95.85 **
GA0605-0000 012000-GAINESVILLE INT'L AIRPORT M 1 012000-GAINESVILLE INT'L AIRPORT 55.00 .00 55.00 ALA0 .000
INVOICE TOTAL............... 55.00 .00 55.00 **
GA0905-0000 012020-GAINESVILLE STATE BANK M 2 005415-GAINESVILLE STATE BANK 110.00 6.60 116.60 ALA1 6.000
INVOICE TOTAL............... 110.00 6.60 116.60 **
GEO104-0000 017080-GEORGE MOORE CHEVROLET M 1 017080-GEORGE MOORE CHEVROLET 69.05 4.49 73.54 DUV1 6.500
INVOICE TOTAL............... 69.05 4.49 73.54 **
GE0110-0000 019573-MUZAK/GEOFFREY BEENE M 2 019535-GEOFFREY BEENE #40 54.00 .00 54.00 STJ0 .000
INVOICE TOTAL............... 54.00 .00 54.00 **
GE0114-0000 012045-GENUINE PARTS COMPANY M 1 012045-GENUINE PARTS COMPANY 91.64 5.96 97.60 DUV1 6.500
INVOICE TOTAL............... 91.64 5.96 97.60 **
GE0120-0000 020180-GENE'S SEAFOOD RESTAURANT M 1 020180-GENE'S SEAFOOD RESTAURANT 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
GE0130-0000 020411-INDEPENDENCE COMMUNICATIONS M 2 020373-GENERAL MEDICAL 102.00 6.63 108.63 Q DUV1 6.500
INVOICE TOTAL............... 102.00 6.63 108.63 **Q
GE0140-0000 019664-GEORGE G. SMITH, INC. M 1 019664-GEORGE G. SMITH, INC. 59.00 3.84 62.84 DUV1 6.500
INVOICE TOTAL............... 59.00 3.84 62.84 **
GE0150-0000 020496-G.E. CAPITAL CORP. M 1 020496-G.E. CAPITAL CORP. 60.00 3.90 63.90 DUV1 6.500
INVOICE TOTAL............... 60.00 3.90 63.90 **
GE0160-0000 020771-GENE'S SEAFOOD RESTAURANT M 1 020771-GENE'S SEAFOOD RESTAURANT 37.00 2.41 39.41 DUV1 6.500
INVOICE TOTAL............... 37.00 2.41 39.41 **
GE0170-0000 019573-MUZAK/GEOFFREY BEENE M 2 020950-GEOFFREY BEENE #163 57.50 .00 57.50 MCI1 .000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 30
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 57.50 .00 57.50 **
GE0200-0000 012040-GENGHIS KHAN RESTAURANT M 1 012040-GENGHIS KHAN RESTAURANT 41.14 2.67 43.81 DUV1 6.500
INVOICE TOTAL............... 41.14 2.67 43.81 **
GE0500-0000 012050-GEORGIA-PACIFIC CORP. M 1 012050-GEORGIA-PACIFIC CORP. 174.65 .00 174.65 PUT0 .000
INVOICE TOTAL............... 174.65 .00 174.65 **
GE0600-0000 019503-GEORGIA PACIFIC CORP. M 1 019503-GEORGIA-PACIFIC CORP. 59.00 .00 59.00 GLY1 .000
INVOICE TOTAL............... 59.00 .00 59.00 **
GI0100-0000 012065-GILMAN PAPER COMPANY M 1 012065-GILMAN PAPER COMPANY 240.00 .00 240.00 CAM0 .000
INVOICE TOTAL............... 240.00 .00 240.00 **
GI0110-0000 018550-GIO'S CAFE M 2 018423-GIO'S CAFE 84.00 5.04 89.04 STJ1 6.000
INVOICE TOTAL............... 84.00 5.04 89.04 **
GI0120-0000 012075-GIOVANNI'S M 1 012075-GIOVANNI'S 109.00 7.09 116.09 DUV1 6.500
INVOICE TOTAL............... 109.00 7.09 116.09 **
GL0050-0000 012080-GLEASONS CORNER MALL M 1 012080-GLEASONS CORNER MALL 96.20 5.77 101.97 COL1 6.000
INVOICE TOTAL............... 96.20 5.77 101.97 **
GL0113-0000 018437-EMBASSY SUITES HOTEL M 1 018437-EMBASSY SUITES HOTEL 45.00 .00 45.00 GLY1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
GL0143-0000 018024-GLYNN PLACE MALL M 1 018024-GLYNN PLACE MALL 57.50 .00 57.50 GLY1 .000
INVOICE TOTAL............... 57.50 .00 57.50 **
GM0100-0000 019244-G.M.A.C. M 1 019244-G.M.A.C. 120.50 7.83 128.33 DUV1 6.500
INVOICE TOTAL............... 120.50 7.83 128.33 **
GO0060-0000 005490-GOLDEN CORRAL #271 M 1 005490-GOLDEN CORRAL #271 53.00 3.71 56.71 SUW1 7.000
INVOICE TOTAL............... 53.00 3.71 56.71 **
GO0073-0000 012115-GOLDEN CORRAL M 2 005500-GOLDEN CORRAL #311 50.22 .00 50.22 WAR0 .000
INVOICE TOTAL............... 50.22 .00 50.22 **
GO0080-0000 012115-GOLDEN CORRAL M 2 005505-GOLDEN CORRAL #44 48.40 2.90 51.30 PUT1 6.000
INVOICE TOTAL............... 48.40 2.90 51.30 **
GO0100-0000 012120-DR. RAFAEL E. GOMEZ M 1 012120-DR. RAFAEL E. GOMEZ 35.97 2.34 38.31 DUV1 6.500
INVOICE TOTAL............... 35.97 2.34 38.31 **
GO0107-0000 012115-GOLDEN CORRAL M 2 019871-GOLDEN CORRAL #321 42.00 2.52 44.52 MAR1 6.000
INVOICE TOTAL............... 42.00 2.52 44.52 **
GO0110-0000 019277-GOTTLIEB FINANCIAL SERVICES M 1 019277-GOTTLIEB FINANCIAL SERVICES 134.94 8.77 143.71 DUV1 6.500
INVOICE TOTAL............... 134.94 8.77 143.71 **
GO0120-0000 019677-GOLD'S GYM M 1 019677-GOLD'S GYM 95.00 6.18 101.18 DUV1 6.500
INVOICE TOTAL............... 95.00 6.18 101.18 **
GO0130-0000 020569-GOLD'S GYM M 1 020569-GOLD'S GYM 95.00 6.18 101.18 DUV1 6.500
INVOICE TOTAL............... 95.00 6.18 101.18 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 31
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
GO0150-0000 020754-GOLD'S GYM M 1 020754-GOLD'S GYM 95.00 5.70 100.70 STJ1 6.000
INVOICE TOTAL............... 95.00 5.70 100.70 **
GO0160-0000 020988-MUZAK/GOLDEN CORRAL M 2 020987-GOLDEN CORRAL #600 84.50 5.49 89.99 DUV1 6.500
INVOICE TOTAL............... 84.50 5.49 89.99 **
GO0200-0000 018445-JERRY HAMM CHEVROLET M 2 012130-JERRY HAMM CHEVROLET INC. 76.00 4.94 80.94 DUV1 6.500
INVOICE TOTAL............... 76.00 4.94 80.94 **
GO0300-0000 020115-GT LEASING M 2 005530-G. T. LEASING INC. 49.85 3.24 53.09 DUV1 6.500
INVOICE TOTAL............... 49.85 3.24 53.09 **
GO0314-0000 019540-GORDON CHEVROLET, GEO, INC. M 1 019540-GORDON CHEVROLET, GEO, INC. 45.00 3.15 48.15 CLA1 7.000
INVOICE TOTAL............... 45.00 3.15 48.15 **
GR0050-0000 020649-FCCJ M 2 012145-GRANDE BOULEVARD-MALL OFFICE 100.75 .00 100.75 DUV0 .000
INVOICE TOTAL............... 100.75 .00 100.75 **
GR0114-0000 018961-HALL-SAN M 2 019128-GRETCHEN'S HALLMARK 38.50 2.50 41.00 DUV1 6.500
INVOICE TOTAL............... 38.50 2.50 41.00 **
GU0200-0000 020461-GULF LIFE TOWER M 2 012180-GULF LIFE TOWER 197.84 12.86 210.70 DUV1 6.500
INVOICE TOTAL............... 197.84 12.86 210.70 **
HA0100-0000 020429-BARNETT TECHNOLOGIES INC. M 2 017267-BARNETT BANK 63.25 4.43 67.68 HAM1 7.000
INVOICE TOTAL............... 63.25 4.43 67.68 **
HA0110-0000 020698-HAMMOCK DUNES SALES CENTER M 1 020698-HAMMOCK DUNES SALES CENTER 65.00 4.55 69.55 FLG1 7.000
INVOICE TOTAL............... 65.00 4.55 69.55 **
HA0113-0000 019547-HAMPTON INN M 1 019547-HAMPTON INN 55.00 .00 55.00 GLY1 .000
INVOICE TOTAL............... 55.00 .00 55.00 **
HA0120-0000 017227-HAMPTON INN M 1 017227-HAMPTON INN 46.00 2.99 48.99 DUV1 6.500
INVOICE TOTAL............... 46.00 2.99 48.99 **
HA0130-0000 019515-SOUTH BEACH GRILLE M 1 019515-SOUTH BEACH GRILLE 70.00 4.55 74.55 DUV1 6.500
INVOICE TOTAL............... 70.00 4.55 74.55 **
HA0133-0000 018746-HAMPTON CLUB M 1 018746-HAMPTON CLUB 63.00 .00 63.00 GLY1 .000
INVOICE TOTAL............... 63.00 .00 63.00 **
HA0134-0000 018226-HAMPTON INN M 1 018226-HAMPTON INN 51.80 3.37 55.17 GUV1 6.500
INVOICE TOTAL............... 51.80 3.37 55.17 **
HA0140-0000 020473-HARRY'S OF GAINESVILLE M 1 020473-HARRY'S OF GAINESVILLE 100.00 6.00 106.00 ALA1 6.000
INVOICE TOTAL............... 100.00 6.00 106.00 **
HA0150-0000 019010-WIGGINS ENTERPRISES M 2 020731-HARDEE'S OF KINGSLAND 45.00 .00 45.00 CAM1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
HA0160-0000 019738-SUNCOM GROUP INC M 2 020885-HARRIS TEETER #168 143.70 .00 143.70 GLY1 .000
INVOICE TOTAL............... 143.70 .00 143.70 **
HA0170-0000 020966-HARRY'S OF OCALA M 1 020966-HARRY'S OF OCALA 100.00 6.00 106.00 MAR1 6.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 32
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 100.00 6.00 106.00 **
HA0213-0000 017703-HARDEE'S - BLACKSHEAR M 2 017703-HARDEE'S - BLACKSHEAR 35.00 .00 35.00 PIE1 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
HA0223-0000 018336-HARDEE'S M 2 000695-HARDEE'S - WAYCROSS 45.00 .00 45.00 WAR1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
HA0233-0000 019060-HARDEE'S - BAXLEY M 1 019060-HARDEE'S - BAXLEY 45.00 .00 45.00 APP1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
HA0243-0000 019093-HARDEE'S M 2 019034-HARDEE'S 40.00 .00 40.00 GLY1 .000
INVOICE TOTAL............... 40.00 .00 40.00 **
HA0250-0000 018984-MUZKA/HARDEE'S M 3 018797-8040 NORMANDY 34.03 .00 34.03 DUV0 .000
018876-MIDDLEBURG 34.03 .00 34.03 CLA0 .000
018877-NEPTUNE BEACH 34.03 .00 34.03 DUV0 .000
018912-CALLAHAN 34.03 .00 34.03 NAS0 .000
018913-CHIEFLAND 34.03 .00 34.03 LEV0 .000
018914-CROSS CITY 34.03 .00 34.03 DIX0 .000
018915-FERNANDINA BCH 34.03 .00 34.03 NAS0 .000
018916-909 ARLINGTON 34.03 .00 34.03 DUV0 .000
018917-920 MARGARET 34.03 .00 34.03 DUV0 .000
018918-BAYMEADOWS 34.03 .00 34.03 DUV0 .000
018919-MAYPORT 34.03 .00 34.03 DUV0 .000
018920-498 BUSCH 34.03 .00 34.03 DUV0 .000
018921-ST. JOHNS BLUFF 34.03 .00 34.03 DUV0 .000
018922-WILSON BLVD 34.03 .00 34.03 DUV0 .000
018923-6914 NORWOOD 34.03 .00 34.03 DUV0 .000
018924-3929 HENDRICKS 34.03 .00 34.03 DUV0 .000
018925-JASPER 34.03 .00 34.03 HAM0 .000
018926-KEYSTONE 34.03 .00 34.03 CLA0 .000
018927-LAKE BUTLER 34.03 .00 34.03 UNI0 .000
018928-US #90 LAKE CTY 34.03 .00 34.03 COL0 .000
018929-LAKE CITY 34.03 .00 34.03 COL0 .000
018930-#0613 34.03 .00 34.03 GUM0 .000
018931-MACCLENNY 34.03 .00 34.03 BAK0 .000
018932-9612 SAN JOSE 34.03 .00 34.03 DUV0 .000
018933-491 BLANDING 34.03 .00 34.03 CLA0 .000
018934-ST. AUGUSTINE 34.03 .00 34.03 STJ0 .000
018935-#0614 34.03 .00 34.03 BRD0 .000
018936-YULEF 34.03 .00 34.03 NAS0 .000
019602-9111 MERRILL 34.03 .00 34.03 DUV0 .000
019820-J. TURNER BLVD 34.03 .00 34.03 DUV0 .000
020005-873 LANE AVE 34.03 .00 34.03 DUV0 .000
020076-GREEN COVE SPGS 34.03 .00 34.03 CLA0 .000
020086-WILLISTON 34.03 .00 34.03 LEV0 .000
020296-#0666 34.03 .00 34.03 DUV0 .000
020451-WALDO 34.03 .00 34.03 ALA0 .000
020550-PALM COAST 34.03 .00 34.03 FLG0 .000
020572-#672 34.03 .00 34.03 DUV0 .000
020574-HIGH SPRINGS 34.03 .00 34.03 ALA0 .000
020621-#673 34.03 .00 34.03 DUV0 .000
020855-#0674 34.03 .00 34.03 ALA0 .000
INVOICE TOTAL............... 1361.20 .00 1361.20 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 33
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
HA0253-0000 018336-HARDEE'S M 2 019061-HARDEE'S 45.00 .00 45.00 WAY1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
HA0263-0000 020232-HARDEE'S OF ALMA M 2 019059-HARDEE'S 45.00 .00 45.00 BAC1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
HA0305-0000 012205-HAWES CHRYSLER PLYMOUTH M 1 012205-HAWES CHRYSLER PLYMOUTH 61.56 3.69 65.25 ALA1 6.000
INVOICE TOTAL............... 61.56 3.69 65.25 **
HA0400-0000 012255-HAVERTY FURNITURE M 2 020314-HAVERTY'S AT THE AVENUES 70.00 4.55 74.55 DUV1 6.500
INVOICE TOTAL............... 70.00 4.55 74.55**
HA0404-0000 019010-WIGGINS ENTERPRISES M 2 012215-HARDEE'S - ST. MARY'S 45.00 .00 45.00 CAM0 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
HA0500-0000 012210-ROLLINS HUDIG HALL OF FLA M 1 012210-ROLLINS HUDIG HALL OF FLA 85.00 5.53 90.53 DUV1 6.500
INVOICE TOTAL............... 85.00 5.53 90.53 **
HA0533-0000 012235-HARDEE'S - BLACKSHEAR M 2 005630-HARDEE'S - FOLKSTON 35.00 .00 35.00 CHA0 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
HA0703-0000 012250-HATCHER POINT MALL M 1 012250-HATCHER POINT MALL 60.50 .00 60.50 WAR0 .000
INVOICE TOTAL............... 60.50 .00 60.50 **
HA0910-0000 012255-HAVERTY FURNITURE M 2 005660-THOMASVILLE CLEARANCE CENTER 70.00 4.55 74.55 DUV1 6.500
INVOICE TOTAL............... 70.00 4.55 74.55 **
HA0920-0000 012255-HAVERTY FURNITURE M 2 018409-HAVERTY FURNITURE 70.00 4.55 74.55 DUV1 6.500
INVOICE TOTAL............... 70.00 4.55 74.55 **
HA1000-0000 012255-HAVERTY FURNITURE M 2 005665-HAVERTY FURNITURE 70.00 4.90 74.90 CLA1 7.000
INVOICE TOTAL............... 70.00 4.90 74.90 **
HA1300-0000 019093-HARDEE'S M 2 020168-HARDEE'S 45.00 .00 45.00 GLY1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
HE0113-0000 017821-TRIDENT FORD MERCURY M 1 017821-TRIDENT FORD MERCURY 82.50 .00 82.50 CAM1 .000
INVOICE TOTAL............... 82.50 .00 82.50 **
HE0120-0000 020622-HERITAGE LINKS COUNTRY CLUB M 1 020622-HERITAGE LINKS COUNTRY CLUB 125.00 7.50 132.50 ALA1 6.000
INVOICE TOTAL............... 125.00 7.50 132.50 **
HI0100-0000 000309-HIDDEN HILLS M 1 000309-HIDDEN HILLS 308.53 20.05 328.58 DUV1 6.500
INVOICE TOTAL............... 308.53 20.05 328.58 **
HI0105-0000 020429-BARNETT TECHNOLOGIES INC. M 2 001011-BARNETT BANK 78.65 4.72 83.37 ALA1 6.000
INVOICE TOTAL............... 78.65 4.72 83.37 **
HI0200-0000 020429-BARNETT TECHNOLOGIES INC. M 2 010350-BARNETT BANK - HIGH SPS 46.56 2.79 49.35 ALA1 6.000
INVOICE TOTAL............... 46.56 2.79 49.35 **
HI0210-0000 020429-BARNETT TECHNOLOGIES INC. M 2 012300-BARNETT BANK 45.38 2.72 48.10 ALA1 6.000
INVOICE TOTAL............... 45.38 2.72 48.10 **
HI0310-0000 012320-HITCHCOCK'S FOODWAY M 2 005715-HITCHCOCK'S FOODWAY 95.00 5.70 100.70 ALA1 6.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 34
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 95.00 5.70 100.70 **
HI0320-0000 012320-HITCHCOCK'S FOODWAY M 2 005720-HITCHCOCK'S FOODWAY-JASPER 95.00 6.65 101.65 HAM1 7.000
INVOICE TOTAL............... 95.00 6.65 101.65 **
HI0330-0000 012320-HITCHCOCK'S FOODWAY M 2 018157-HITCHCOCK'S FOODWAY-ARCHER 95.00 5.70 100.70 ALA1 6.000
INVOICE TOTAL............... 95.00 5.70 100.70 **
HI0340-0000 012320-HITCHCOCK'S FOODWAY M 2 019374-HITCHCOCK'S FOODWAY-WILLISTO 95.00 6.65 101.65 LEV1 7.000
INVOICE TOTAL............... 95.00 6.65 101.65 **
HI0350-0000 012320-HITCHCOCK'S FOODWAY M 2 020532-HITCHCOCK'S FOODWAY 95.00 5.70 100.70 MAR1 6.000
INVOICE TOTAL............... 95.00 5.70 100.70 **
HI0360-0000 012320-HITCHCOCK'S FOODWAY M 2 020652-HITCHCOCK'S FOODWAY-TRENTON 95.00 6.65 101.65 GIL1 7.000
INVOICE TOTAL............... 95.00 6.65 101.65 **
HO0107-0000 019873-HOLIDAY HOUSE M 1 019873-HOLIDAY HOUSE 60.00 3.60 63.60 MAR1 6.000
INVOICE TOTAL............... 60.00 3.60 63.60 **
HO0110-0000 018246-HOOLA HOOPS RESTAURANT M 1 018246-HOOLA HOOPS RESTAURANT 65.00 3.90 68.90 STJ1 6.000
INVOICE TOTAL............... 65.00 3.90 68.90 **
HO0113-0000 019983-HOLIDAY INN M 1 019983-HOLIDAY INN 50.00 .00 50.00 GLY1 .000
INVOICE TOTAL............... 50.00 .00 50.00 **
HO0120-0000 020084-HOLIDAY INN WEST M 2 019874-HOLIDAY INN WEST 155.00 9.30 164.30 MAR1 6.000
INVOICE TOTAL............... 155.00 9.30 164.30 **
HO0130-0000 018113-HOPKINS MOTOR CO. M 1 018113-HOPKINS MOTOR CO. 55.00 3.30 58.30 COL1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
HO0140-0000 020215-HOLLAND & KNIGHT M 1 020215-HOLLAND & KNIGHT 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
H00150-0000 020367-HOPS GRILL AND BAR M 1 020367-HOPS GRILL AND BAR 170.00 11.05 181.05 DUV1 6.500
INVOICE TOTAL............... 170.00 11.05 181.05 **
HO0160-0000 020658-HOPS GRILL AND BAR M 1 020658-HOPS GRILL AND BAR 170.00 11.90 181.90 CLA1 7.000
INVOICE TOTAL............... 170.00 11.90 181.90 **
HO0170-0000 020815-HORIZON'S M 1 020815-HORIZON'S 71.00 4.26 75.26 NAS1 6.000
INVOICE TOTAL............... 71.00 4.26 75.26 **
HO0180-0000 020799-HOPS BAR AND GRILLE M 1 020799-HOPS BAR AND GRILLE 150.00 9.00 159.00 MAR1 6.000
INVOICE TOTAL............... 150.00 9.00 159.00 **
HO0205-0000 012370-HOLIDAY INN - WEST M 1 012370-HOLIDAY INN - WEST 188.65 11.32 199.97 ALA1 6.000
INVOICE TOTAL............... 188.65 11.32 199.97 **
HO0207-0000 020036-HOLIDAY INN M 2 019875-HOLIDAY INN 115.00 6.90 121.90 MAR1 6.000
INVOICE TOTAL............... 115.00 6.90 121.90 **
HO0213-0000 017544-HOLIDAY INN M 1 017544-HOLIDAY INN 41.25 .00 41.25 GLY0 .000
INVOICE TOTAL............... 41.25 .00 41.25 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 35
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
HO0223-0000 018657-HOLIDAY INN M 1 018657-HOLIDAY INN 50.00 .00 50.00 GLY1 .000
INVOICE TOTAL............... 50.00 .00 50.00 **
HO0313-0000 015565-HOLIDAY INN KINGS BAY M 1 015565-HOLIDAY INN KINGS BAY 271.70 .00 271.70 CAM0 .000
INVOICE TOTAL............... 271.70 .00 271.70 **
HO0404-0000 002139-HOME BUILDERS INSURANCE M 1 002139-HOME BUILDERS INSURANCE 191.75 12.46 204.21 DUV1 6.500
INVOICE TOTAL............... 191.75 12.46 204.21 **
HO0600-0000 012395-HOLIDAY INN M 2 012395-HOLIDAY INN 49.50 2.97 52.47 PUT1 6.000
INVOICE TOTAL............... 49.50 2.97 52.47 **
HO0650-0000 000657-HOLIDAY INN M 1 000657-HOLIDAY INN 172.50 12.08 184.58 CLA1 7.000
INVOICE TOTAL............... 172.50 12.08 184.58 **
HO0700-0000 005790-HOLIDAY INN M 1 005790-HOLIDAY INN 101.00 6.06 107.06 COL1 6.000
INVOICE TOTAL............... 101.00 6.06 107.06 **
HO0800-0000 012400-HOLIDAY INN M 2 005795-HOLIDAY INN 71.28 4.63 75.91 DUV1 6.500
INVOICE TOTAL............... 71.28 4.63 75.91 **
HO1200-0000 012415-HOLIDAY INN M 1 012415-HOLIDAY INN 73.18 4.39 77.57 STJ1 6.000
INVOICE TOTAL............... 73.18 4.39 77.57 **
HO1400-0000 012425-HOLIDAY INN #58 M 1 012425-HOLIDAY INN #58 60.00 3.90 63.90 DUV1 6.500
INVOICE TOTAL............... 60.00 3.90 63.90 **
HO1904-0000 012440-HOMESTEAD RESTAURANT M 1 012440-HOMESTEAD RESTAURANT 73.91 4.80 78.71 DUV1 6.500
INVOICE TOTAL............... 73.91 4.80 78.71 **
HU0104-0000 019654-K & K FOODS INC./ M 2 019652-HUDDLE HOUSE 50.00 3.25 53.25 DUV1 6.500
HUDDLE HOUSE INVOICE TOTAL............... 50.00 3.25 53.25 **
HU0140-0000 021101-BASS FOODS INC. M 2 021032-HUDDLE HOUSE 45.00 2.70 47.70 COL1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
HU0200-0000 012495-HUGO & ASSOCIATES M 1 012495-HUGO & ASSOCIATES 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
HU0400-0000 019033-HUMANA HEALTH INSURANCE M 1 019033-HUMANA HEALTH INSURANCE 391.00 25.42 416.42 DUV1 6.500
INVOICE TOTAL............... 391.00 25.42 416.42 **
IM0104-0000 018426-QUALITY INN M 1 018426-QUALITY INN 145.75 9.47 155.22 DUV1 6.500
INVOICE TOTAL............... 145.75 9.47 155.22 **
IN0100-0000 012520-INDEPENDENT SQUARE M 1 012520-INDEPENDENT SQUARE 777.98 50.57 828.55 DUV1 6.500
INVOICE TOTAL............... 777.98 50.57 828.55 **
IN0104-0000 017612-INTERNATIONAL HOUSE OF PANCAKE M 1 017612-INTERNATIONAL HOUSE OF PANCAKE 44.00 2.64 46.64 ALA1 6.000
INVOICE TOTAL............... 44.00 2.64 46.64 **
IN0110-0000 017808-INTERNATIONAL HOUSE OF PANCAKE M 1 017808-INTERNATIONAL HOUSE OF PANCAKE 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
IN0120-0000 017792-INTERNATIONAL HOUSE OF PANCAKE M 1 017792-INTERNATIONAL HOUSE OF PANCAKE 49.50 3.47 52.97 CLA1 7.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 36
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 49.50 3.47 52.97 **
IN0130-0000 018297-INTERNATIONAL HOUSE OF PANCAKE M 1 018297-INTERNATIONAL HOUSE OF PANCAKE 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
IN0140-0000 018970-INTERNATIONAL HOUSE OF PANCAKE M 1 018970-INTERNATIONAL HOUSE OF PANCAKE 50.00 3.00 53.00 COL1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
IN0210-0000 020916-IBM M 2 020313-IBM CORPORATION 131.00 8.52 139.52 DUV1 6.500
INVOICE TOTAL............... 131.00 8.52 139.52 **
IN0404-0000 014135-R. C. JONES FURNITURE CO. M 2 012540-INTERIORS BY R.C. JONES 56.50 3.67 60.17 DUV1 6.500
INVOICE TOTAL............... 56.50 3.67 60.17 **
IN0450-0000 017549-INTERNATIONAL HOUSE OF PANCAKE M 1 017549-INTERNATIONAL HOUSE OF PANCAKE 73.15 4.75 77.90 DUV1 6.500
INVOICE TOTAL............... 73.15 4.75 77.90 **
IN0460-0000 017672-INTERNATIONAL HOUSE OF PANCAKE M 1 017672-INTERNATIONAL HOUSE OF PANCAKE 49.50 3.22 52.72 DUV1 6.500
INVOICE TOTAL............... 49.50 3.22 52.72 **
IN0470-0000 018510-INTERNATIONAL HOUSE OF PANCAKE M 1 018510-INTERNATIONAL HOUSE OF PANCAKE 50.00 3.00 53.00 STJ1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
IN0500-0000 021045-INTERNATIONAL HOUSE OF PANCAKE M 1 021045-INTERNATIONAL HOUSE OF PANCAKE 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
IN0510-0000 017999-INT'L LONGSHOREMAN'S ASSOC. M 2 017953-INT'L LONGSHOREMAN'S ASSOC. 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
IN0804-0000 014055-INTERVENTIONAL CARDIOLOGISTS M 1 014055-INTERVENTIONAL CARDIOLOGISTS 49.70 2.98 52.68 ALA1 6.000
INVOICE TOTAL............... 49.70 2.98 52.68 **
IT0100-0000 018629-PALM COAST REALTY M 2 020263-ITT SALES CENTER 45.00 3.15 48.15 FLG1 7.000
INVOICE TOTAL............... 45.00 3.15 48.15 **
IT0120-0000 020285-ITT TECHNICAL INSTITUTE M 1 020285-ITT TECHNICAL INSTITUTE 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
IT0140-0000 020828-ITALIAN OVEN M 2 020718-ITALIAN OVEN 87.00 5.66 92.66 DUV1 6.500
INVOICE TOTAL............... 87.00 5.66 92.66 **
IV0100-0002 020028-DILLARD'S FLORIDA DIVISION M 2 005935-DILLARD'S-ORANGE PARK MALL 85.00 5.95 90.95 CLA1 7.000
INVOICE TOTAL............... 85.00 5.95 90.95 **
IV0100-0003 020028-DILLARD'S FLORIDA DIVISION M 2 005940-DILLARD'S-REGENCY SQUARE 85.00 5.53 90.53 DUV1 6.500
INVOICE TOTAL............... 85.00 5.53 90.53 **
IV0114-0000 020028-DILLARD'S FLORIDA DIVISION M 2 017186-DILLARD'S-OAKS MALL 85.00 5.10 90.10 ALA1 6.000
INVOICE TOTAL............... 85.00 5.10 90.10 **
JA0120-0000 020517-JAMES DAHL & COMPANY, INC. M 1 020517-JAMES DAHL & COMPANY, INC. 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
JA0144-0000 020444-JACKSONVILLE FACULTY PRACTICE M 2 019074-JACKSONVILLE FACULTY PRACTICE 149.50 .00 149.50 DUV0 .000
INVOICE TOTAL............... 149.50 .00 149.50 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 37
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
JA0150-0000 018725-JAX GOLF & COUNTRY CLUB M 1 018725-JAX GOLF & COUNTRY CLUB 125.00 8.13 133.13 DUV1 6.500
INVOICE TOTAL............... 125.00 8.13 133.13 **
JA0210-0000 012555-JAX AREA CHAMBER OF COMMERCE M 1 012555-JAX AREA CHAMBER OF COMMERCE 145.00 9.43 154.43 DUV1 6.500
INVOICE TOTAL............... 145.00 9.43 154.43 **
JA0220-0000 017624-ROUSE-JACKSONVILLE INC. M 2 017675-JACKSONVILLE LANDING 214.50 13.94 228.44 DUV1 6.500
INVOICE TOTAL............... 214.50 13.94 228.44 **
JA0270-0000 020829-JEA TOWER M 2 018879-JEA TOWER 59.00 .00 59.00 DUV0 .000
INVOICE TOTAL............... 59.00 .00 59.00 **
JAO610-0000 017806-JACKSONVILLE FIREMANS' C.U. M 1 017806-JACKSONVILLE FIREMANS' C.U. 69.95 .00 69.95 DUV0 .000
INVOICE TOTAL............... 69.95 .00 69.95 **
JA0800-0000 012595-JACKSONVILLE MACK TRUCK M 1 012595-JACKSONVILLE MACK TRUCK 59.35 3.86 63.21 DUV1 6.500
INVOICE TOTAL............... 59.35 3.86 63.21 **
JA1100-0000 020573-JAX HEART CENTER M 2 020538-JACKSONVILLE HEART CENTER 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
JA1200-0000 012610-JACK WILSON CHEVROLET M 1 012610-JACK WILSON CHEVROLET 80.31 4.82 85.13 STJ1 6.000
INVOICE TOTAL............... 80.31 4.82 85.13 **
JA1250-0000 000623-JACOBSON'S M 1 000623-JACOBSON'S 90.00 5.85 95.85 DUV1 6.500
INVOICE TOTAL............... 90.00 5.85 95.85 **
JA1500-0000 012630-JAX NAVY FED CREDIT UNION M 2 006035-JAX NAVY FED CREDIT UNION 105.57 .00 105.57 DUV0 .000
INVOICE TOTAL............... 105.57 .00 105.57 **
JA1600-0000 012630-JAX NAVY FED CREDIT UNION M 2 020953-JAX NAVY FEDERAL CREDIT UNION 86.75 5.64 92.39 DUV1 6.500
INVOICE TOTAL............... 86.75 5.64 92.39 **
JA1700-0000 012630-JAX NAVY FED CREDIT UNION M 2 021027-JAX NAVY FEDERAL CREDIT UNION 25.00 .00 25.00 DUV0 .000
INVOICE TOTAL............... 25.00 .00 25.00 **
JA1800-0000 012630-JAX NAVY FED CREDIT UNION M 2 017184-JAX NAVY FED CREDIT UNION 96.25 .00 96.25 DUVO .000
INVOICE TOTAL............... 96.25 .00 96.25 **
JA1900-0000 012630-JAX NAVY FED CREDIT UNION M 2 021028-JAX NAVY FEDERAL CREDIT UNION 25.00 .00 25.00 CLA0 .000
INVOICE TOTAL............... 25.00 .00 25.00 **
JA1904-0000 012630-JAX NAVY FED CREDIT UNION M 2 017362-JAX NAVY FED CREDIT UNION 259.70 .00 259.70 DUV0 .000
INVOICE TOTAL............... 259.70 .00 259.70 **
JA2000-0000 012630-JAX NAVY FED CREDIT UNION M 2 021094-JAX NAVY FEDERAL CREDIT UNION 56.60 .00 56.60 DUV0 .000
INVOICE TOTAL............... 56.60 .00 56.60 **
JA2100-0000 012630-JAX NAVY FED CREDIT UNION M 2 021093-JAX NAVY FEDERAL CREDIT UNION 61.80 .00 61.80 CLA0 .000
INVOICE TOTAL............... 61.80 .00 61.80 **
JB0114-0000 017577-J BYRONS #67 M 1 017577-J BYRONS #67 136.50 8.87 145.37 DUV1 6.500
INVOICE TOTAL............... 136.50 8.87 145.37 **
JC0103-0000 021171-MUZAK/ J C PENNEY'S M 2 012645-J. C. PENNEY'S #0458-0 59.00 .00 59.00 WAR0 .000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 38
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 59.00 .00 59.00 **
JC0105-0000 021171-MUZAK/J C PENNEY'S M 2 012650-J.C. PENNEY'S #479-6 69.00 .00 69.00 ALA0 .000
INVOICE TOTAL............... 69.00 .00 69.00 **
JC0107-0000 021171-MUZAK/J C PENNEY'S M 2 019876-J.C. PENNEY'S #1351-6 79.00 .00 79.00 MAR0 .000
INVOICE TOTAL............... 79.00 .00 79.00 **
JC0110-0000 021171-MUZAK/J C PENNEY'S M 2 019044-J.C. PENNEY'S #2430-7 89.00 .00 89.00 DUV0 .000
INVOICE TOTAL............... 89.00 .00 89.00 **
JC0200-0000 021171-MUZAK/J C PENNEY'S M 2 012655-J.C. PENNEY'S #1033-0 89.00 .00 89.00 DUV0 .000
INVOICE TOTAL............... 89.00 .00 89.00 **
JC0203-0000 021171-MUZAK/J C PENNEY'S M 2 012660-J.C. PENNEY'S #2173-3 69.00 .00 69.00 GLY0 .000
INVOICE TOTAL............... 69.00 .00 69.00 **
JC0400-0000 021171-MUZAK/J C PENNEY'S M 2 012670-J.C. PENNEY'S #5-9 69.00 .00 69.00 DUV0 .000
INVOICE TOTAL............... 69.00 .00 69.00 **
JC0410-0000 021171-MUZAK/J C PENNEY'S M 2 012675-J.C. PENNEY'S #1143-7 109.00 .00 109.00 PUT0 .000
INVOICE TOTAL............... 109.00 .00 109.00 **
JC0420-0000 021171-MUZAK/J C PENNEY'S M 2 012680-J.C. PENNEY'S #2047-9 109.00 .00 109.00 STJ0 .000
INVOICE TOTAL............... 109.00 .00 109.00 **
JC0430-0000 021171-MUZAK/J C PENNEY'S M 2 012685-J.C. PENNEY'S #2074-3 124.00 .00 124.00 CLA0 .000
INVOICE TOTAL............... 124.00 .00 124.00 **
JC0440-0000 021171-MUZAK/J C PENNEY'S M 2 012690-J.C. PENNEY'S #0689-0 69.50 .00 69.50 COL0 .000
INVOICE TOTAL............... 69.50 .00 69.50 **
JE0100-0000 019202-RUSSELL CORPORATION M 2 019147-JERZEE'S 68.00 4.08 72.08 STJ1 6.000
INVOICE TOTAL............... 68.00 4.08 72.08 **
JE0103-0000 012715-JERRY J'S RESTAURANT M 1 012715-JERRY J'S RESTAURANT 38.50 .00 38.50 WAR1 .000
INVOICE TOTAL............... 38.50 .00 38.50 **
JE0110-0000 018962-JEA M 2 018946-JEA-NORTHSIDE GEN. PLANT 49.50 .00 49.50 DUV0 .000
INVOICE TOTAL............... 49.50 .00 49.50 **
JE0113-0000 017786-JERRY J'S RESTAURANT M 1 017786-JERRY J'S RESTAURANT 38.50 .00 38.50 WAR1 .000
INVOICE TOTAL............... 38.50 .00 38.50 **
JE0120-0000 018962-JEA M 2 018947-JEA-SYSTEMS OPER. CONTROL CTR. 49.50 .00 49.50 DUV0 .000
INVOICE TOTAL............... 49.50 .00 49.50 **
JE0130-0000 018962-JEA M 2 018994-JEA-SOUTHSIDE GENERATING STA. 49.50 .00 49.50 DUV0 .000
INVOICE TOTAL............... 49.50 .00 49.50 **
JE0140-0000 018962-JEA M 2 018992-JEA-CONNECT/DISCONNECT CENTER 49.50 .00 49.50 DUV0 .000
INVOICE TOTAL............... 49.50 .00 49.50 **
JE0143-0000 019803-LATITUDE 31 M 2 019803-LATITUDE 31 85.00 .00 85.00 GLY1 .000
INVOICE TOTAL............... 85.00 .00 85.00 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 39
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
JE0160-0000 018962-JEA M 2 019155-JEA - EMERSON 49.50 .00 49.50 DUV0 .000
INVOICE TOTAL............... 49.50 .00 49.50 **
JE0170-0000 018962-JEA M 2 019154-JEA - TALLEYRAND 49.50 .00 49.50 DUV0 .000
INVOICE TOTAL............... 49.50 .00 49.50 **
JE0180-0000 018962-JEA M 2 019156-JEA - BROADWAY 49.50 .00 49.50 DUV0 .000
INVOICE TOTAL............... 49.50 .00 49.50 **
JE0203-0000 020727-BEST WESTERN JEKYLL INN M 2 000206-BEST WESTERN JEKYLL INN 125.00 .00 125.00 GLY0 .000
INVOICE TOTAL............... 125.00 .00 125.00 **
JI0103-0000 017636-JINRIGHT'S SEAFOOD #1 M 1 017636-JINRIGHT'S SEAFOOD #1 45.00 .00 45.00 GLY0 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
JI0104-0000 019190-JIM TATUM'S FASHION SHOWROOM M 1 019190-JIM TATUM'S FASHION SHOWROOM 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
JI0300-0000 012745-JIMMIE'S BUTTERMILK REST. M 1 012745-JIMMIE'S BUTTERMILK REST. 42.35 2.75 45.10 DUV1 6.500
INVOICE TOTAL............... 42.35 2.75 45.10 **
JM0100-0000 018888-JM FAMILY ENTERPISES M 2 018888-JM FAMILY ENTERPRISES 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
JO0110-0000 018155-SOUTHEAST TOYOTA DISTRIBUTORS M 1 018155-SOUTHEAST TOYOTA DISTRIBUTORS 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
JP0100-0000 020818-J.P. PERRY INSURANCE M 1 020818-J.P. PERRY INSURANCE 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
KA0100-0000 020217-KANE FURNITURE M 2 020210-KANE FURNITURE 38.00 2.28 40.28 MAR1 6.000
INVOICE TOTAL............... 38.00 2.28 40.28 **
KA0104-0000 019028-MUZAK/KASH N KARRY M 2 012770-KASH N KARRY #076 - GAINES. 35.00 .00 35.00 ALA0 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
KA0107-0002 019028-MUZAK/KASH N KARRY M 5 019878-#301 35.00 .00 35.00 MAR0 .000
KA0107-0004 019028-MUZAK/KASH N KARRY M 5 019880-#651 35.00 .00 35.00 MAR0 .000
KA0107-0005 019028-MUZAK/KASH N KARRY M 5 019881-#896 35.00 .00 35.00 MAR0 .000
KA0107-0007 019028-MUZAK/KASH N KARRY M 5 019883-#904 35.00 .00 35.00 MAR0 .000
KA0107-0008 019028-MUZAK/KASH N KARRY M 5 020140-#725 35.00 .00 35.00 MAR0 .000
INVOICE TOTAL............... 175.00 .00 175.00 **
KA0114-0000 019028-MUZAK/KASH N KARRY M 2 012780-KASH N KARRY #884 - GAINES. 35.00 .00 35.00 ALA0 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
KA0124-0000 019028-MUZAK/KASH N KARRY M 2 019387-KASH N KARRY #720 - GAINES. 35.00 .00 35.00 ALA0 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
KE0100-0000 020135-GAINESVILLE STATE BANK M 2 018459-KEYSTONE STATE BANK 45.00 3.15 48.15 CLA1 7.000
INVOICE TOTAL............... 45.00 3.15 48.15 **
KE0104-0001 019364-KELLY LINCOLN MERCURY M 5 019144-MITSUBISHI 68.00 4.42 72.42 DUV1 6.500
KE0104-0002 019364-KELLY LINCOLN MERCURY M 5 019007-PONTIAC 78.80 5.12 82.92 DUV1 6.500
KE0104-0003 019364-KELLY LINCOLN MERCURY M 5 000857-LINCOLN-MERCURY 61.60 4.00 65.60 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 40
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 208.40 13.54 221.94 **
KE0110-0000 006195-KENTUCKY FRIED CHICKEN #1 M 1 006195-KENTUCKY FRIED CHICKEN #1 36.30 2.54 38.84 BAK1 7.000
INVOICE TOTAL............... 36.30 2.54 38.84 **
KE0110-0000 017015-KENTUCKY FRIED CHICKEN #6 M 1 017015-KENTUCKY FRIED CHICKEN #6 36.30 2.36 38.66 DUV1 6.500
INVOICE TOTAL............... 36.30 2.36 38.66 **
KE0110-0007 017528-KENTUCKY FRIED CHICKEN #7 M 1 017528-KENTUCKY FRIED CHICKEN #7 36.30 2.36 38.66 DUV1 6.500
INVOICE TOTAL............... 36.30 2.36 38.66 **
KE0110-0010 006210-KENTUCKY FRIED CHICKEN #10 M 1 006210-KENTUCKY FRIED CHICKEN #10 36.30 2.36 38.66 DUV1 6.500
INVOICE TOTAL............... 36.30 2.36 38.66 **
KE0110-0011 017874-KENTUCKY FRIED CHICKEN #11 M 1 017874-KENTUCKY FRIED CHICKEN #11 36.30 2.36 38.66 DUV1 6.500
INVOICE TOTAL............... 36.30 2.36 38.66**
KE0110-0012 018301-KENTUCKY FRIED CHICKEN #12 M 1 018301-KENTUCKY FRIED CHICKEN #12 36.30 2.36 38.66 DUV1 6.500
INVOICE TOTAL............... 36.30 2.36 38.66**
KE0110-0014 006215-KENTUCKY FRIED CHICKEN #14 M 1 006215-KENTUCKY FRIED CHICKEN #14 36.30 2.36 38.66 DUV1 6.500
INVOICE TOTAL............... 36.30 2.36 38.66**
KE0110-0017 006230-KENTUCKY FRIED CHICKEN #17 M 1 006230-KENTUCKY FRIED CHICKEN #17 36.30 2.36 38.66 DUV1 6.500
INVOICE TOTAL............... 36.30 2.36 38.66**
KE0110-0018 006235-KENTUCKY FRIED CHICKEN #18 M 1 006235-KENTUCKY FRIED CHICKEN #18 36.30 2.36 38.66 DUV1 6.500
INVOICE TOTAL............... 36.30 2.36 38.66**
KE0110-0019 006240-KENTUCKY FRIED CHICKEN #19 M 1 006240-KENTUCKY FRIED CHICKEN #19 36.30 2.36 38.66 DUV1 6.500
INVOICE TOTAL............... 36.30 2.36 38.66**
KE0110-0020 006245-KENTUCKY FRIED CHICKEN #20 M 1 006245-KENTUCKY FRIED CHICKEN #20 36.30 2.36 38.66 DUV1 6.500
INVOICE TOTAL............... 36.30 2.36 38.66**
KE0110-0021 018265-KENTUCKY FRIED CHICKEN #21 M 1 018265-KENTUCKY FRIED CHICKEN #21 36.30 2.18 38.48 NAS1 6.000
INVOICE TOTAL............... 36.30 2.18 38.48**
KE0110-0022 020902-KENTUCKY FRIED CHICKEN #44 M 1 020902-KENTUCKY FRIED CHICKEN #44 36.30 2.36 38.66 DUV1 6.500
INVOICE TOTAL............... 36.30 2.36 38.66**
KE0110-0031 006250-KENTUCKY FRIED CHICKEN #31 M 1 006250-KENTUCKY FRIED CHICKEN #31 38.48 2.31 40.79 ALA1 6.000
INVOICE TOTAL............... 38.48 2.31 40.79**
KE0110-0032 006255-KENTUCKY FRIED CHICKEN #32 M 1 006255-KENTUCKY FRIED CHICKEN #32 38.48 2.31 40.79 ALA1 6.000
INVOICE TOTAL............... 38.48 2.31 40.79**
KE0110-0034 006260-KENTUCKY FRIED CHICKEN #34 M 1 006260-KENTUCKY FRIED CHICKEN #34 38.48 2.69 41.17 BRD1 7.000
INVOICE TOTAL............... 38.48 2.69 41.17**
KE0110-0035 006265-KENTUCKY FRIED CHICKEN #35 M 1 006265-KENTUCKY FRIED CHICKEN #35 38.48 2.31 40.79 ALA1 6.000
INVOICE TOTAL............... 38.48 2.31 40.79**
KE0110-0038 017882-KENTUCKY FRIED CHICKEN #38 M 2 017882-KENTUCKY FRIED CHICKEN #38 38.48 2.69 41.17 LEV1 7.000
INVOICE TOTAL............... 38.48 2.69 41.17**
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 41
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
KE0110-0051 021071-KENTUCKY FRIED CHICKEN #51 M 1 021071-KENTUCKY FRIED CHICKEN #51 36.30 2.54 38.84 CLA1 7.000
INVOICE TOTAL............... 36.30 2.54 38.84 **
KE0113-0000 017730-KENTUCKY FRIED CHICKEN M 2 006270-KENTUCKY FRIED CHICKEN 46.30 .00 46.30 GLY0 .000
INVOICE TOTAL............... 46.30 .00 46.30 **
KE0114-0000 019501-DR. JOHN R. KELLY M 1 019501-DR. JOHN R. KELLY 38.00 2.47 40.47 DUV1 6.500
INVOICE TOTAL............... 38.00 2.47 40.47 **
KE0120-0000 019105-KENTUCKY FRIEND CHICKEN M 2 019092-KENTUCKY FRIED CHICKEN 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
KE0123-0000 017730-KENTUCKY FRIED CHICKEN M 2 012805-KENTUCKY FRIED CHICKEN 47.40 0.00 47.40 GLY1 .000
INVOICE TOTAL............... 47.40 0.00 47.40 **
KE0133-0000 017372-KENTUCKY FRIED CHICKEN M 1 017372-KENTUCKY FRIED CHICKEN 55.00 0.00 55.00 GLYO .000
INVOICE TOTAL............... 55.00 0.00 55.00 **
KE0140-0000 019254-KENTUCKY FRIED CHICKEN M 1 018764-KENTUCKY FRIED CHICKEN 50.00 3.50 53.50 FLG1 7.000
INVOICE TOTAL............... 50.00 3.50 53.50 **
KE0143-0000 017146-KENTUCKY FRIED CHICKEN M 1 017146-KENTUCKY FRIED CHICKEN 44.00 .00 44.00 WAR0 .000
INVOICE TOTAL............... 44.00 .00 44.00 **
KE0144-0000 017870-MR. B. FOODS INC. M 2 018198-KENTUCKY FRIED CHICKEN 45.00 2.70 47.70 STJ1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
KE0150-0000 006285-KENTUCKY FRIED CHICKEN M 2 006285-KENTUCKY FRIED CHICKEN 35.00 2.10 37.10 COL1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
KE0153-0000 017730-KENTUCKY FRIED CHICKEN M 2 019001-KENTUCKY FRIED CHICKEN 55.00 0.00 55.00 WAY1 .000
INVOICE TOTAL............... 55.00 0.00 55.00 **
KE0154-0000 017870-MR. B. FOODS INC. M 2 018288-KENTUCKY FRIED CHICKEN 45.00 2.70 47.70 STJ1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
KE0163-0000 017146-KENTUCKY FRIED CHICKEN M 2 019729-KENTUCKY FRIED CHICKEN 44.00 0.00 44.00 WAR1 .000
INVOICE TOTAL............... 44.00 0.00 44.00 **
KE0170-0000 020274-KENTUCKY FRIED CHICKEN #3 M 1 020274-KENTUCKY FRIED CHICKEN #3 36.30 2.36 38.66 DUV1 6.500
INVOICE TOTAL............... 36.30 2.36 38.66 **
KE0173-0000 019799-KENTUCKY FRIED CHICKEN M 2 019781-KENTUCKY FRIED CHICKEN 45.00 0.00 45.00 BAC1 .000
INVOICE TOTAL............... 45.00 0.00 45.00 **
KE0180-0000 020588-KENTUCKY FRIED CHICKEN M 1 020588-KENTUCKY FRIED CHICKEN 36.30 0.00 36.30 CAM1 .000
INVOICE TOTAL............... 36.30 0.00 36.30 **
KE0190-0000 020903-KENTUCKY FRIED CHICKEN M 2 020716-KENTUCKY FRIED CHICKEN 38.48 2.69 41.17 BAK1 7.000
INVOICE TOTAL............... 38.48 2.69 41.17 **
KE0200-0000 020814-KENTUCKY FRIED CHICKEN M 2 019341-KENTUCKY FRIED CHICKEN 35.00 2.45 37.45 GUW1 7.000
INVOICE TOTAL............... 35.00 2.45 37.45 **
KE0207-0000 019885-KENTUCKY FRIED CHICKEN M 1 019885-KENTUCKY FRIED CHICKEN 38.48 2.31 40.79 MAR1 6.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 42
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 38.48 2.31 40.79 **
KE0270-0000 021022-KENTUCKY FRIED CHICKEN M 1 021022-KENTUCKY FRIED CHICKEN 38.48 2.31 40.79 ALA1 6.000
INVOICE TOTAL............... 38.48 2.31 40.79 **
KE0307-0000 020459-KFC - ACCOUNTS PAYABLE M 2 019886-KENTUCKY FRIED CHICKEN 38.48 2.31 40.79 MAR1 6.000
INVOICE TOTAL............... 38.48 2.31 40.79 **
KE0407-0000 019887-KENTUCKY FRIED CHICKEN #197 M 1 019887-KENTUCKY FRIED CHICKEN #197 38.48 2.31 40.79 MAR1 6.000
INVOICE TOTAL............... 38.48 2.31 40.79 **
KE0500-0000 012830-KEY BUICK COMPANY M 1 012830-KEY BUICK COMPANY 64.96 4.22 69.18 DUV1 6.500
INVOICE TOTAL............... 64.96 4.22 69.18 **
KI0110-0000 019589-KINKO'S OF ORLANDO M 2 019590-KINKO'S 120.00 7.80 127.80 DUV1 6.500
INVOICE TOTAL............... 120.00 7.80 127.80 **
KI0114-0000 017310-KINGSLEY AVE ANIMAL HOSPITAL M 1 017310-KINGSLEY AVE ANIMAL HOSPITAL 82.00 5.74 87.74 CLA1 7.000
INVOICE TOTAL............... 82.00 5.74 87.74 **
KI0120-0000 019537-KING'S CROWN FORD INC. M 1 019537-KING'S CROWN FORD INC. 280.00 18.20 298.20 DUV1 6.500
INVOICE TOTAL............... 280.00 18.20 298.20 **
KI0123-0000 000334-KING & PRINCE HOTEL M 1 000334-KING & PRINCE HOTEL 239.00 .00 239.00 GLY1 .000
INVOICE TOTAL............... 239.00 .00 239.00 **
KI0140-0000 020491-KIDNEY DIALYSIS CENTER M 1 020491-KIDNEY DIALYSIS CENTER 50.00 3.25 53.25 DUV1 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
KI0143-0000 018638-KINGS BAY CHRYSLER PLYMOUTH M 1 018638-KINGS BAY CHRYSLER PLYMOUTH 45.00 .00 45.00 CAM1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
KM0100-0000 018637-K-MART EATERY #3714 M 1 018637-K-MART EATERY #3714 50.00 3.00 53.00 COL1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
KR0090-0000 002742-KRISPY KREME DONUTS M 1 002742-KRISPY KREME DONUTS 42.02 2.73 44.75 DUV1 6.500
INVOICE TOTAL............... 42.02 2.73 44.75 **
KR0107-0000 019888-KRYSTAL #1 M 1 019888-KRYSTAL #1 35.00 2.10 37.10 MAR1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
KR0110-0001 012945-KRYSTAL CORPORATION M 2 006425-KRYSTAL #1 35.00 2.10 37.10 COL1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
KR0114-0000 012935-KRISPY KREME DONUTS M 1 012935-KRISPY KREME DONUTS 35.00 2.10 37.10 ALA1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
KR0120-0003 012945-KRYSTAL CORPORATION M 5 000358-#3 ARLINGTON RD 35.00 2.28 37.28 DUV1 6.500
KR0120-0004 020816-KRYSTAL #19 M 1 020816-KRYSTAL #19 50.00 3.25 53.25 DUV1 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
KR0120-0005 012945-KRYSTAL CORPORATION M 2 020825-KRYSTAL #20 50.00 3.25 53.25 DUV1 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
KR0120-0008 012945-KRYSTAL CORPORATION M 5 000365-#8 UNIV BLVD W. 35.00 2.28 37.28 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 43
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
KR0120-0009 000366-KRYSTAL #9 M 1 000366-KRYSTAL #9 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
KR0120-0011 012945-KRYSTAL CORPORATION M 5 000368-#11 ARLANTIC 35.00 2.28 37.28 DUV1 6.500
KR0120-0012 012945-KRYSTAL CORPORATION M 5 006450-#12 BEACH BLVD 35.00 2.28 37.28 DUV1 6.500
KR0120-0014 012945-KRYSTAL CORPORATION M 5 006455-#14 THIRD ST 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 175.00 11.40 186.40 **
KR0130-0004 000359-KRYSTAL #4 M 1 000359-KRYSTAL #4 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
KR0140-0001 012945-KRYSTAL CORPORATION M 5 006475-#1 SAN JUAN 35.00 2.28 37.28 DUV1 6.500
KR0140-0005 012945-KRYSTAL CORPORATION M 5 000362-#5 BLANDING 35.00 2.45 37.45 CLA1 7.000
KR0140-0010 012945-KRYSTAL CORPORATION M 5 000367-#10 BLANDING 35.00 2.28 37.28 DUV1 6.500
KR0140-0013 012945-KRYSTAL CORPORATION M 5 000371-#13 NORMANDY 35.00 2.28 37.28 DUV1 6.500
KR0140-0015 012945-KRYSTAL CORPORATION M 5 006495-#15 NEW KINGS 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 175.00 11.57 186.57 **
KR0150-0000 006500-KRYSTAL #16 M 1 006500-KRYSTAL #16 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
KR0160-0000 012945-KRYSTAL CORPORATION M 2 020808-KRYSTAL #21 50.00 3.50 53.50 CLA1 7.000
INVOICE TOTAL............... 50.00 3.50 53.50 **
KR0170-0000 020523-KPG INVESTMENTS INC. M 2 020360-KRYSTAL 35.00 2.28 37.38 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.38 **
KR0203-0000 006505-KRYSTAL #1 M 1 006505-KRYSTAL #1 35.00 .00 35.00 GLY0 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
KR0205-0000 012945-KRYSTAL CORPORATION M 2 006510-KRYSTAL #1 35.00 2.10 37.10 ALA1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
KR0207-0000 019982-KRYSTAL #2 M 1 019982-KRYSTAL #2 35.00 2.10 37.10 MAR1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
KR1300-0000 020523-KPG INVESTMENTS INC. M 2 021091-KRYSTAL 35.00 2.10 37.10 PUT1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
KU0100-0000 012975-KUHN FLOWERS M 1 012975-KUHN FLOWERS 50.00 3.25 53.25 DUV1 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
KU0107-0000 019889-KUHN CHIROPRACTIC CLINIC M 1 019089-KUHN CHIROPRACTIC CLINIC 35.00 2.10 37.10 MAR1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
LA0110-0000 019075-LAURA STREET CAFE M 1 019075-LAURA STREET CAFE 50.00 3.25 53.25 DUV1 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
LA0120-0000 020610-LAKE CITY EXTENDED CARE CTR M 1 020610-LAKE CITY EXTENDED CARE CTR 42.00 2.52 44.52 COL1 6.000
INVOICE TOTAL............... 42.00 2.52 44.52 **
LA0350-0000 012990-LAKEWOOD PHARMACY M 1 012990-LAKEWOOD PHARMACY 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
LE0104-0000 020708-LEE'S M 2 016135-LEE'S FAMOUS CHICKEN #5722 45.00 2.93 47.93 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 44
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 45.00 2.93 47.93 **
LE0114-0000 020708-LEE'S M 2 002023-LEE'S FAMOUS CHICKEN #5727 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
LE0124-0000 020708-LEE'S M 2 017832-LEE'S FAMOUS CHICKEN #5741 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
LE0150-0000 002690-LEPAVILLON M 1 002690-LEPAVILLON 63.52 3.81 67.33 STJ1 6.000
INVOICE TOTAL............... 63.52 3.81 67.33 **
LE0160-0000 020317-LEE'S CHICKEN M 1 020317-LEE'S CHICKEN 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
LE0204-0000 020708-LEE'S M 2 000673-LEE'S FAMOUS CHICKEN #5705 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
LE0214-0000 020708-LEE'S M 2 017084-LEE'S FAMOUS CHICKEN #5729 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
LE0224-0000 020708-LEE'S M 2 017085-LEE'S FAMOUS CHICKEN #5725 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
LE0234-0000 020708-LEE'S M 2 017316-LEE'S FAMOUS CHICKEN #5735 45.00 3.15 48.15 CLA1 7.000
INVOICE TOTAL............... 45.00 3.15 48.15 **
LE0300-0000 021092-MUZAK/LEVITZ M 2 000631-LEVITZ FURNITURE 40.00 .00 40.00 DUV0 .000
INVOICE TOTAL............... 40.00 .00 40.00 **
LE0310-0000 021092-MUZAK/LEVITZ M 2 017603-LEVITZ FURNITURE 50.00 .00 50.00 CLA0 .000
INVOICE TOTAL............... 50.00 .00 50.00 **
LI0107-0000 019890-LIFETIME FITNESS CENTER M 1 019890-LIFETIME FITNESS CENTER 47.50 .00 47.50 MAR0 .000
INVOICE TOTAL............... 47.50 .00 47.50 **
LI0110-0000 018074-LITTLE DRAGON RESTAURANT M 1 018074-LITTLE DRAGON RESTAURANT 35.00 2.45 37.45 CLA1 7.000
INVOICE TOTAL............... 35.00 2.45 37.45 **
LI0120-0000 020292-DR. MARK LENGER M 1 020292-DR. MARK LENGER 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
LI0134-0000 019451-LIL' CHAMP/JIFFY STORE M 1 019451-LIL' CHAMP/JIFFY STORE 60.00 3.90 63.90 DUV1 6.500
INVOICE TOTAL............... 60.00 3.90 63.90 **
LO0104-0000 020061-LONG JOHN SILVER'S M 2 006590-LONG JOHN SILVER'S #3334 38.81 2.52 41.33 DUV1 6.500
INVOICE TOTAL............... 38.81 2.52 41.33 **
LO0105-0000 013055-GAINESVILLE SEAFOODS M 2 006595-LONG JOHN SILVER'S #7012 38.81 2.33 41.14 ALA1 6.000
INVOICE TOTAL............... 38.81 2.33 41.14 **
LO0107-0000 019892-LONG JOHN SILVER'S M 1 019892-LONG JOHN SILVER'S 38.50 2.31 40.81 MAR1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81 **
LO0110-0000 018531-LODGE AT PONTE VEIRA M 1 018531-LODGE AT PONTE VEIRA 535.15 32.11 567.26 STJ1 6.000
INVOICE TOTAL............... 535.15 32.11 567.26 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 45
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
LO0113-0000 018941-LOWE'S #182 M 1 018941-LOWE'S #182 35.00 .00 35.00 GLY1 .000
INVOICE TOTAL............... 35.00 .00 35.OO **
LO0124-0000 020061-LONG JOHN SILVER'S M 2 006630-LONG JOHN SILVER'S #3377 42.35 2.75 45.10 DUV1 6.500
INVOICE TOTAL............... 42.35 2.75 45.10 **
LO0180-0000 019207-LOGISTIC SERVICES INTL. M 1 019207-LOGISTIC SERVICES INTL. 84.00 5.46 89.46 DUV1 6.500
INVOICE TOTAL............... 84.00 5.46 89.46 **
LO0204-0000 020061-LONG JOHN SILVER'S M 2 006600-LONG JOHN SILVER'S #3336 35.28 2.29 37.57 DUV1 6.500
INVOICE TOTAL............... 35.28 2.29 37.57 **
LO0205-0000 020020-TRENTON SEA FOODS M 2 006605-LONG JOHN SILVER'S #7774 45.38 2.72 48.10 ALA1 6.000
INVOICE TOTAL............... 45.38 2.72 48.10 **
LO0207-0000 020211-OCALA SEAFOODS M 2 019893-LONG JOHN SILVER'S 38.50 2.31 40.81 MAR1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81 **
LO0214-0000 020061-LONG JOHN SILVER'S M 2 017030-LONG JOHN SILVER'S #3640 49.50 3.22 52.72 DUV1 6.500
INVOICE TOTAL............... 49.59 3.22 52.72 **
LO0304-0000 020061-LONG JOHN SILVER'S M 2 006610-LONG JOHN SILVER'S #3337 38.81 2.72 41.53 CLA1 7.000
INVOICE TOTAL............... 38.81 2.72 41.53 **
LO0403-0000 020061-LONG JOHN SILVER'S M 2 006620-LONG JOHN SILVER'S #3419 42.35 .00 42.35 WAR0 .000
INVOICE TOTAL............... 42.35 .00 42.35 **
LO0464-0000 020061-LONG JOHN SILVER'S M 2 006635-LONG JOHN SILVER'S #3431 46.50 2.79 49.37 STJ1 6.000
INVOICE TOTAL............... 46.50 2.79 49.37 **
LO0474-0000 020061-LONG JOHN SILVER'S M 2 017326-LONG JOHN SILVER'S #3393 42.35 2.75 45.10 DUV1 6.500
INVOICE TOTAL............... 42.35 2.75 45.10 **
LO0484-0000 020061-LONG JOHN SILVER'S M 2 017785-LONG JOHN SILVER'S #3362 38.50 2.50 41.00 DUV1 6.500
INVOICE TOTAL............... 38.50 2.50 41.00 **
LU0110-0000 013100-LURIA'S M 2 018357-LURIA'S #141 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
LU0114-0000 019800-LUBI'S HOT SUBS INC. M 2 019797-LUBI'S 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
LU0120-0000 013100-LURIA'S M 2 018358-LURIA'S #142 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
LU0124-0000 019800-LUBI'S HOT SUBS INC. M 2 018859-LUBI'S RESTAURANT 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
LU0134-0000 019800-LUBI'S HOT SUBS INC. M 2 019014-LUBI'S 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
LY0204-0000 017820-LYNN'S HALLMARK SHOP M 1 017820-LYNN'S HALLMARK SHOP 48.74 2.92 51.66 ALA1 6.500
INVOICE TOTAL............... 48.74 2.92 51.66 **
MA0054-0000 017520-MAGNOLIA POINT GOLF & M 1 017520-MAGNOLIA POINT GOLF & 82.50 5.78 88.28 CLA1 7.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 46
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 82.50 5.78 88.28 **
MA0060-0000 020942-MAGNOLIA BLUFF FACTORY M 1 020942-MAGNOLIA BLUFF FACTORY SHOPPES 65.00 .00 65.00 MCI1 .000
SHOPPES INVOICE TOTAL............... 65.00 .00 65.00 **
MA0104-0000-000544-MAIDENFORM, INC. M 2 016150-MAIDENFORM, INC. 175.00 11.38 186.38 DUV1 6.500
INVOICE TOTAL............... 175.00 11.38 186.38 **
MA0107-0000 019895-MARION COMMUNITY HOSPITAL M 1 019895-MARION COMMUNITY HOSPITAL 38.50 2.31 40.81 MAR1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81 **
MA0110-0000 020118-MANATEE RAYS M 1 020118-MANATEE RAYS 167.50 10.89 178.39 DUV1 6.500
INVOICE TOTAL............... 167.50 10.89 178.39 **
MA0114-0000 018520-MATTINGLY'S CHARCOAL GRILL M 1 018520-MATTINGLY'S CHARCOAL GRILL 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
MA0120-0000 018451-MARSH CREEK COUNTRY CLUB M 1 018451-MARSH CREEK COUNTRY CLUB 75.00 4.50 79.50 STJ1 6.000
INVOICE TOTAL............... 75.00 4.50 79.50 **
MA0130-0000 018531-LODGE AT PONTE VEDRA M 2 018548-MARSH LANDING BATH/HEALTH CLUB 141.50 8.49 149.99 STJ1 6.000
INVOICE TOTAL............... 141.50 8.49 149.99 **
MA0140-0000 018621-MAIL WELL ENVELOPE CO. M 1 018621-MAIL WELL ENVELOPE CO. 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
MA0150-0000 020095-MARTY'S SEAFOOD/STEAK HOUSE M 1 020095-MARTY'S SEAFOOD/STEAK HOUSE 35.00 2.10 37.10 STJ1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
MA0204-0000 002595-MAIDENFORM, INC. M 1 002595-MAIDENFORM, INC. 198.00 12.87 210.87 DUV1 6.500
INVOICE TOTAL............... 198.00 12.87 210.87 **
MA0207-0000 019896-MARKET OF MARION M 1 019896-MARKET OF MARION 79.00 4.74 83.74 MAR1 6.000
INVOICE TOTAL............... 79.00 4.74 83.74 **
MA0300-0000 013115-MANDARIN LANDING M 1 013115-MANDARIN LANDING 94.77 6.16 100.93 DUV1 6.500
INVOICE TOTAL............... 94.77 6.16 100.93 **
MA0310-0000 019038-MARSH LANDING REALTY OFFICE M 1 019038-MARSH LANDING REALTY OFFICE 58.50 3.51 62.01 STJ1 6.000
INVOICE TOTAL............... 58.50 3.51 62.01 **
MA0314-0000 018115-MANDARIN CORNERS SHOPPING CENT M 2 018055-MANDARIN CORNERS SHOPPING CTR. 108.50 7.05 115.55 DUV1 6.500
INVOICE TOTAL............... 108.50 7.05 115.55 **
MA0404-0000 017282-MARON & SONS FURNITURE M 1 017282-MARON & SONS FURNITURE 48.40 3.15 51.55 DUV1 6.500
INVOICE TOTAL............... 48.40 3.15 51.55 **
MA0420-0000 017824-MARRIOTT AT SAWGRASS M 1 017824-MARRIOTT AT SAWGRASS 298.00 17.88 315.88 STJ1 6.000
INVOICE TOTAL............... 298.00 17.88 315.88 **
MA0504-0000 013160-NORTHSIDE DODGE M 1 013160-NORTHSIDE DODGE 49.50 3.22 52.72 DUV1 6.500
INVOICE TOTAL............... 49.50 3.22 52.72 **
MA0604-0000 013165-MATHENY IMPORTS, INC. M 1 013165-MATHENY IMPORTS, INC. 62.10 4.04 66.14 DUV1 6.500
INVOICE TOTAL............... 62.10 4.04 66.14 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 47
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
MA0670-0000 013140-MARINELAND, INC. M 1 002524-MARINELAND, INC. 70.00 4.90 74.90 FLG1 7.000
INVOICE TOTAL............... 70.00 4.90 74.90 **
MA0714-0000 017880-DOWNTOWN INVESTMENT GROUP M 2 006690-MARINE NATIONAL BANK 94.88 6.17 101.05 DUV1 6.500
INVOICE TOTAL............... 94.88 6.17 101.05 **
MA0764-0000 017262-MARKET SQUARE MALL M 1 017262-MARKET SQUARE MALL 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
MAO790-0000 017341-MARRIOTT HOTEL SOUTHPOINT M 1 017341-MARRIOTT HOTEL SOUTHPOINT 178.50 11.60 190.10 DUV1 6.500
INVOICE TOTAL............... 178.50 11.60 190.10 **
MA0800-0000 017417-MARSH LANDING COUNTRY CLUB M 1 017417-MARSH LANDING COUNTRY CLUB 101.00 6.06 107.06 STJ1 6.000
INVOICE TOTAL............... 101.00 6.06 107.06 **
MA0810-0000 013155-MARKS GRAY CONROY & GIBBS M 1 013155-MARKS GRAY CONROY & GIBBS 71.95 4.68 76.63 DUV1 6.500
INVOICE TOTAL............... 71.95 4.68 76.63 **
MA1300-0002 006725-GAYFER'S M 2 006725-GAYFER'S 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
MA1300-0003 006730-GAYFER'S #131 M 1 006730-GAYFER'S #131 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
MA1300-0006 006745-GAYFER'S M 1 006745-GAYFER'S 80.00 5.60 85.60 CLA1 7.000
INVOICE TOTAL............... 80.00 5.60 85.60 **
MA1400-0000 019702-GAYFER'S #133 M 1 019702-GAYFER'S #133 85.00 5.53 90.53 DUV1 6.500
INVOICE TOTAL............... 85.00 5.53 90.53 **
MC0103-0000 019198-MCDONALD'S M 2 013175-MCDONALD'S 38.50 .00 38.50 GLY0 .000
INVOICE TOTAL............... 38.50 .00 38.50 **
MC0104-0000 019402-MCDONALD'S M 2 000955-MCDONALD'S #6521 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC0107-0000 020013-MCDONALD'S M 2 019897-MCDONALD'S 55.00 3.30 58.30 MAR1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
MC0110-0000 020498-MCDONALD'S M 2 020166-MCDONALD'S #1235 38.50 2.70 41.20 CLA1 7.000
INVOICE TOTAL............... 38.50 2.70 41.20 **
MC0114-0000 020700-MCDONALD'S #6737 M 2 002762-MCDONALD'S #6737 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC0120-0000 020171-MCDONALD'S RESTAURANT OFFICE M 2 020642-MCDONALD'S 30.00 1.80 31.80 STJ1 6.000
INVOICE TOTAL............... 30.00 1.80 31.80 **
MC0130-0000 020637-MCDONALD'S M 1 020637-MCDONALD'S 38.50 2.31 40.81 ALA1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81 **
MC0140-0000 020728-MCDONALD'S M 2 020693-MCDONALD'S #13169 38.50 .00 38.50 MCI1 .000
INVOICE TOTAL............... 38.50 .00 38.50 **
MC0154-0000 000545-MCDONALD'S #5615 M 1 000545-MCDONALD'S #5615............. 30.00 2.10 32.10 CLA1 7.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 48
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 30.00 2.10 32.10 **
MC0164-0000 016195-MCDONALD'S #2799 M 1 016195-MCDONALD'S #2799 30.00 2.10 32.10 CLA1 7.000
INVOICE TOTAL............... 30.00 2.10 32.10 **
MC0170-0000 018690-MCDONALD'S #1121 M 1 018690-MCDONALD'S #1121 38.50 2.70 41.20 CLA1 7.000
INVOICE TOTAL............... 38.50 2.70 41.20 **
MC0174-0000 020171-MCDONALD'S RESTAURANT OFFICE M 2 013260-MCDONALD'S 30.00 1.80 31.80 STJ1 6.000
INVOICE TOTAL............... 30.00 1.80 31.80 **
MC0184-0000 020171-MCDONALD'S RESTAURANT OFFICE M 2 013215-MCDONALD'S 30.00 1.80 31.80 STJ1 6.000
INVOICE TOTAL............... 30.00 1.80 31.80 **
MC0194-0000 013225-MCDONALD'S M 1 013225-MCDONALD'S 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC0203-0000 019198-MCDONALD'S M 2 013180-MCDONALD'S #1182 38.50 0.00 38.50 GLYO .000
INVOICE TOTAL............... 38.50 0.00 38.50 **
MC0207-0000 017898-MCDONALD'S M 1 019898-MCDONALD'S 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
MC0214-0000 020891-MR. JOE GERRITY M 2 013230-MCDONALD'S 38.50 2.31 40.81 HAG1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81 **
MC0224-0000 019611-KRATSAS FOODS INC. M 2 018239-MCDONALD'S 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC0234-0000 019402-MCDONALD'S M 2 013240-MCDONALD'S 38.50 2.31 40.81 NAS1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81 **
MC0244-0000 020699-MCDONALD'S #1738 M 2 019216-MCDONALD'S #1738 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC0254-0000 018469-MCDONALD'S M 1 018469-MCDONALD'S 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC0264-0000 019301-MCDONALD'S M 2 019265-MCDONALD'S 38.50 2.50 41.00 DUV1 6.500
INVOICE TOTAL............... 38.50 2.50 41.00 **
MC0303-0000 006760-MCDONALD'S M 1 006760-MCDONALD'S 43.50 .00 43.50 WAR0 .000
INVOICE TOTAL............... 43.50 .00 43.50 **
MC0304-0000 019402-MCDONALD'S M 2 000058-MCDONALD'S #749 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC0307-0000 019899-MCDONALD'S M 1 019899-MCDONALD'S 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
MC0403-0000 019198-MCDONALD'S M 2 013195-MCDONALD'S 38.50 .00 38.50 GLYO .000
INVOICE TOTAL............... 38.50 .00 38.50 **
MC0404-0000 019611-KRATSAS FOODS INC. M 2 000763-MCDONALD'S #7451 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 49
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
MC0413-0000 018738-MCDONALD'S M 1 018738-MCDONALD'S 38.50 .00 38.50 CAM1 .000
INVOICE TOTAL............... 38.50 .00 38.50 **
MC0414-0000 013250-MCDONALD'S M 2 000459-MCDONALD'S 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC0504-0000 019402-MCDONALD'S M 2 000469-MCDONALD'S #7223 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC0600-0000 019402-MCDONALD'S M 2 013205-MCDONALD'S #3134 38.50 2.31 40.81 PUT1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81 **
MC0603-0000 019402-MCDONALD'S M 2 013210-MCDONALD'S #6910 38.50 .00 38.50 CAM0 .000
INVOICE TOTAL............... 38.50 .00 38.50 **
MC0604-0000 019402-MCDONALD'S M 2 002351-MCDONALD'S #7732 38.50 2.50 41.00 DUV1 6.500
INVOICE TOTAL............... 38.50 2.50 41.00 **
MC0704-0000 000842-MCDONALD'S M 1 000842-MCDONALD'S 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC0800-0000 013250-MCDONALD'S M 2 016245-MCDONALD'S 38.50 2.50 41.00 DUV1 6.500
INVOICE TOTAL............... 38.50 2.50 41.00 **
MC0810-0000 019402-MCDONALD'S M 2 020577-MCDONALD'S #12870 38.50 2.31 40.81 ALA1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81 **
MC1004-0003 019402-MCDONALD'S M 2 00467-MCDONALD'S #2354 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC1024-0000 000486-MCDONALD'S #3618 M 1 000486-MCDONALD'S #3618 30.00 2.10 32.10 CLA1 7.000
INVOICE TOTAL............... 30.00 2.10 32.10 **
MC1034-0000 019402-MCDONALD'S M 2 002779-MCDONALD'S #7779 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC1044-0000 020401-MCDONALD'S M 2 013190-MCDONALD'S #2484 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC1054-0000 020401-MCDONALD'S M 2 017086-MCDONALD'S #7388 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC1064-0000 019047-MCDONALD'S M 2 002551-MCDONALD'S 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC1074-0000 019047-MCDONALD'S M 2 006825-MCDONALD'S 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC1084-0000 019402-MCDONALD'S M 2 00476-MCDONALD'S #3987 38.50 2.31 40.81 ALA1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81 **
MC1094-0000 020401-MCDONALD'S M 2 013220-MCDONALD'S #4868 30.00 2.10 32.10 CLA1 7.000
INVOICE TOTAL............... 30.00 2.10 32.10 **
MC1104-0000 017701-MCDONALD'S #4463 M 1 017701-MCDONALD'S #4463 30.00 1.95 31.95 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 50
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC1114-0000 019611-KRATSAS FOODS INC. M 2 002728-MCDONALD'S-MAYPORT 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC1124-0000 019611-KRATSAS FOODS INC. M 2 000466-MCDONALD'S 38.50 2.50 41.00 DUV1 6.500
INVOICE TOTAL............... 38.50 2.50 41.00 **
MC1134-0000 000462-MCDONALDS M 1 000462-MCDONALDS 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC1144-0000 019047-MCDONALD'S M 2 000569-MCDONALD'S 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC1154-0000 019402-MCDONALD'S M 2 017127-MCDONALD'S #5351 38.50 2.31 40.81 ALA1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81 **
MC1164-0000 019402-MCDONALD'S M 2 017126-MCDONALD'S #4902 38.50 2.31 40.81 ALA1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81 **
MC1210-0000 020430-MCDONALD'S #13495 M 1 020430-MCDONALD'S #13495 38.50 .00 38.50 GLY1 .000
INVOICE TOTAL............... 38.50 .00 38.50 **
MC1300-0001 019525-MCDONALD'S M 5 006810-BALDWIN 38.50 2.50 41.00 DUV1 6.500
MC1300-0002 019525-MCDONALD'S M 5 006815-LAKE CITY 38.50 2.31 40.81 COL1 6.000
MC1300-0003 019525-MCDONALD'S M 5 013290-MACCLENNY 38.50 2.70 41.20 BAK1 7.000
MC1300-0004 019525-MCDONALD'S M 5 013275-ALACHUA 38.50 2.31 40.81 ALA1 6.000
MC1300-0005 019525-MCDONALD'S M 5 019480-WHITE SPRINGS 38.50 2.70 41.20 HAM1 7.000
MC1300-0006 019525-MCDONALD'S M 5 020723-701 S. 1ST ST 38.50 2.31 40.81 COL1 6.000
INVOICE TOTAL............... 231.00 14.83 245.83 **
MC1414-0000 020171-MCDONALD'S RESTAURANT OFFICE M 2 018693-MCDONALD'S 30.00 1.80 31.80 STJ1 6.000
INVOICE TOTAL............... 30.00 1.80 31.80 **
MC1484-0000 018779-MCDONALD'S #4892 M 1 018779-MCDONALD'S #4892 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC1800-0000 020401-MCDONALD'S M 2 020858-MCDONALDS 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC2014-0000 020401-MCDONALD'S M 2 020416-MCDONALD'S #2340 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC2110-0000 020891-MR. JOE GERRITY M 2 020944-MCDONALDS 38.50 2.31 40.81 NAS1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81 **
MC2200-0000 013250-MCDONALD'S M 2 013250-MCDONALD'S 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
MC2500-0000 020301-DR. BUDDY MCALPIN M 1 020301-DR. BUDDY MCALPIN 45.00 3.15 48.15 CLA1 7.000
INVOICE TOTAL............... 45.00 3.15 48.15 **
MC3100-0000 019813-MCDONALD'S M 2 013265-MCDONALD'S - LIVE OAK 45.35 3.17 48.52 SUW1 7.000
INVOICE TOTAL............... 45.35 3.17 48.52 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 51
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
MC3200-0000 019813-MCDONALD'S M 2 013270-MCDONALD'S 45.35 3.17 48.52 LEV1 7.000
INVOICE TOTAL............... 45.35 3.17 48.52 **
MC3600-0000 019402-MCDONALD'S M 2 013200-MCDONALD'S #6717/EDDY FOODS 38.50 2.70 41.20 FLG1 7.000
INVOICE TOTAL............... 38.50 2.70 41.20 **
MC4014-0000 019402-MCDONALD'S M 2 017125-MCDONALD'S #1088 38.50 2.31 40.81 ALA1 6.000
INVOICE TOTAL............... 38.50 2.31 40.81 **
ME0100-0000 013295-MEEK & MCLEOD, CPA'S M 1 013295-MEEK & MCLEOD, CPA'S 55.51 3.61 59.12 DUV1 6.500
INVOICE TOTAL............... 55.51 3.61 59.12 **
ME0104-0000 002654-MELTING POT M 1 002654-MELTING POT 46.00 3.22 49.22 CLA1 7.000
INVOICE TOTAL............... 46.00 3.22 49.22 **
ME0110-0000 020492-MELTING POT M 1 020492-MELTING POT 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
ME0120-0000 019506-MERRILL FAMILY HEALTH CARE M 1 019506-MERRILL FAMILY HEALTH CARE 38.00 .00 38.00 DUV0 .000
INVOICE TOTAL............... 38.00 .00 38.00 **
ME0144-0000 018895-TFL JACKSONVILLE, INC./TRYCON M 2 018775-MERRILL CROSSINGS SHP. CTR. 79.00 5.14 84.14 DUV1 6.500
INVOICE TOTAL............... 79.00 5.14 84.14 **
ME0170-0000 019766-MEMORIAL MEDICAL CENTER M 1 019766-MEMORIAL MEDICAL CENTER 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
ME0304-0000 018951-CENPO LTD M 2 017041-MERCHANT'S WALK 47.41 3.08 50.49 DUV1 6.500
INVOICE TOTAL............... 47.41 3.08 50.49 **
ME0500-0000 013310-METHODIST HOSPITAL FOUNDATION M 1 013310-METHODIST HOSPITAL FOUNDATION 230.00 .00 230.00 DUV0 .000
INVOICE TOTAL............... 230.00 .00 230.00 **
MI0100-0000 017491-MILLER ENTERPRISES M 2 006895-MILLER'S #2807 58.97 4.13 63.10 CLA1 7.000
INVOICE TOTAL............... 58.97 4.13 63.10 **
MI0104-0000 019566-SUBIES ENTERPRISES INC. M 2 019333-MIAMI SUBS 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
MI0110-0000 019621-WORLD MUSIC CORPORATION M 2 019599-MIKASA #45 59.00 3.54 62.54 STJ1 6.000
INVOICE TOTAL............... 59.00 3.54 62.54 **
MI0114-0000 013105-MIKE DAVIDSON FORD M 1 013105-MIKE DAVIDSON FORD 110.10 7.16 117.26 DUV1 6.500
INVOICE TOTAL............... 110.10 7.16 117.26 **
MI0120-0000 020386-MILLHOPPER MEDICAL CENTER M 1 020386-MILLHOPPER MEDICAL CENTER 50.00 3.00 53.00 ALA1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
MI0124-0000 019566-SUBIES ENTERPRISES INC. M 2 019232-MIAMI SUBS 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
MI0130-0000 020364-MIAMI SUBS M 1 020364-MIAMI SUBS 45.00 2.70 47.70 ALA1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
MI0134-0000 019566-SUBIES ENTERPRISES INC. M 2 019645-MIAMI SUBS 40.00 2.80 42.80 CLA1 7.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 52
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 40.00 2.80 42.80 **
MI0140-0000 020654-MIAMI SUBS M 1 020654-MIAMI SUBS 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
MI0150-0000 019324-CHRISTIAN S. BERDY, DDS M 1 019324-CHRISTIAN S. BERDY, DDS 59.00 3.84 62.84 DUV1 6.500
INVOICE TOTAL............... 59.00 3.84 62.84 **
MI0160-0000 020111-MILLHOPPER CAFE M 1 020111-MILLHOPPER CAFE 55.00 3.30 58.30 ALA1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
MI0170-0000 020819-MIKE PARSONS SEAFOOD M 1 020819-MIKE PARSONS SEAFOOD 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
MI0180-0000 019566-SUBIES ENTERPRISES INC. M 2 020857-MIAMI SUBS 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
MI0190-0000 020872-MIAMI SUBS M 1 020872-MIAMI SUBS 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
MI0200-0000 017491-MILLER ENTERPRISES M 2 006900-MILLER'S #451 (STOP & SHOP) 86.31 5.18 91.49 PUT1 6.000
INVOICE TOTAL............... 86.31 5.18 91.49 **
MI0210-0000 019621-WORLD MUSIC CORPORATION M 2 021139-MIKASA #125 59.00 .00 59.00 MCI1 .000
INVOICE TOTAL............... 59.00 .00 59.00 **
MI0400-0000 014630-MIKE SHAD FORD M 1 014630-MIKE SHAD FORD 181.35 11.79 193.14 DUV1 6.500
INVOICE TOTAL............... 181.35 11.79 193.14 **
MI0500-0000 013335-MILLER'S #3238-ACCOUNTS PAYABL M 1 006910-MILLER'S #3238 - INTERLACHEN 54.45 3.27 57.72 PUT1 6.000
INVOICE TOTAL............... 54.45 3.27 57.72 **
MI0600-0000 017491-MILLER ENTERPRISES M 2 017138-MILLER'S #3578 58.45 3.51 61.96 ALA1 6.000
INVOICE TOTAL............... 58.45 3.51 61.96 **
MI0700-0000 017491-MILLER ENTERPRISES M 2 017478-MILLER'S ENTERPRISES, INC. 67.20 4.03 71.23 PUT1 6.000
INVOICE TOTAL............... 67.20 4.03 71.23 **
MD0105-0000 013350-MORRISON'S #4085 M 1 013350-MORRISON'S #4085 72.00 4.32 76.32 ALA1 6.000
INVOICE TOTAL............... 72.00 4.32 76.32 **
MD0107-0000 019901-MORRISON'S #4473 M 1 019901-MORRISON'S #4473 56.50 3.39 59.89 MAR1 6.000
INVOICE TOTAL............... 56.50 3.39 59.89 **
MD0110-0000 020072-MOM & POP'S BUFFET/BAKERY #411 M 1 020072-MOM & POP'S BUFFET/BAKERY #411 55.00 3.30 58.30 STJ1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
MD0120-0000 019519-MOM'S KITCHEN M 1 019519-MOM'S KITCHEN 50.00 3.25 53.25 DUV1 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
MD0140-0000 020789-MORRISON'S M 1 020789-MORRISON'S 35.00 .00 35.00 GLY1 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
MD0150-0000 020627-MUZAK/MOTHER'S STORE M 2 020605-MOTHERS CARE #215 39.00 .00 39.00 ALA0 .000
INVOICE TOTAL............... 39.00 .00 39.00 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 53
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
MO0205-0000 013355-MORRISON'S #5645 M 1 013355-MORRISON'S #5645 81.18 4.87 86.05 ALA1 6.000
INVOICE TOTAL............... 81.18 4.87 86.05 **
MO0207-0000 019902-MORRISON'S #5371 M 1 019902-MORRISON'S #5371 53.50 3.21 56.71 MAR1 6.000
INVOICE TOTAL............... 53.50 3.21 56.71 **
MO1000-0000 013375-MORRISON'S #5454 M 1 013375-MORRISON'S #5454 60.65 4.25 64.90 CLA1 7.000
INVOICE TOTAL............... 60.65 4.25 64.90 **
MO1100-0000 013380-MORRISON'S #4788 M 1 013380-MORRISON'S #4788 72.53 4.71 77.24 DUV1 6.500
INVOICE TOTAL............... 72.53 4.71 77.24 **
MO1400-0000 013390-MORRISON'S #4465 M 1 013390-MORRISON'S #4465 62.93 3.78 66.71 STJ1 6.000
INVOICE TOTAL............... 62.93 3.78 66.71 **
MO1600-0000 013400-MOVSOVITZ & SONS M 1 013400-MOVSOVITZ & SONS 68.40 4.45 72.85 DUV1 6.500
INVOICE TOTAL............... 68.40 4.45 72.85 **
MT0100-0000 021162-MTS TRAVEL M 1 021162-MTS TRAVEL 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
MU0100-0000 020405-MULLET BAY M 1 020405-MULLET BAY 65.00 .00 65.00 GLY1 .000
INVOICE TOTAL............... 65.00 .00 65.00 **
MU0200-0000 002201-MONY FINANCIAL SERVICES M 1 002201-MONY FINANCIAL SERVICES 49.87 3.24 53.11 DUV1 6.500
INVOICE TOTAL............... 49.87 3.24 53.11 **
NA0103-0000 021129-TRIDENT REFIT FACILITY M 1 019299-NAVY GALLEY-KINGS BAY 35.00 .00 35.00 CAM0 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
NA0105-0000 000326-NATIONWIDE INSURANCE CO. M 1 000326-NATIONWIDE INSURANCE CO. 277.29 16.64 293.93 ALA1 6.000
INVOICE TOTAL............... 277.29 16.64 293.93 **
NA0114-0000 018674-NAVY EXCHANGE #987 M 1 018674-NAVY EXCHANGE #987 69.00 .00 69.00 DUV0 .000
INVOICE TOTAL............... 69.00 .00 69.00 **
NA0120-0000 020583-NAVY EXCHANGE SERVICE CENTER M 2 015650-NAVY RESALE ACTIVITY 55.00 .00 55.00 CAM1 .000
INVOICE TOTAL............... 55.00 .00 55.00 **
NA0140-0000 020746-NAVCARE M 1 020746-NAVCARE 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
NA0300-0000 012630-JAX NAVY FED CREDIT UNION M 2 007025-JAX NAVY FED CREDIT UNION 113.74 .00 113.74 CLA0 .000
INVOICE TOTAL............... 113.74 .00 113.74 **
NA0400-0000 012630-JAX NAVY FED CREDIT UNION M 2 007030-JAX NAVY FED CREDIT UNION 49.46 .00 49.46 DUV0 .000
INVOICE TOTAL............... 49.46 .00 49.46 **
NA0600-0000 012630-JAX NAVY FED CREDIT UNION M 2 007040-JAX NAVY FED CREDIT UNION 57.17 .00 57.17 DUV0 .000
INVOICE TOTAL............... 57.17 .00 57.17 **
NA0804-0000 013470-FIELD SUPPORT OFFICE M 2 007045-NAVY EXCHANGE WAREHOUSE #169 42.94 .00 42.94 DUV0 .000
INVOICE TOTAL............... 42.94 .00 42.94 **
NA0904-0000 013475-FIELD SUPPORT OFFICE M 2 007050-NAVY EXCHANGE-MAYPORT 32.67 .00 32.67 DUV0 .000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 54
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 32.67 .00 32.67 **
NA1300-0000 018191-DECA COMMISSARY STORE #1037 M 1 018191-DECA COMMISSARY STORE #1037 40.00 .00 40.00 CAM0 .000
INVOICE TOTAL............... 40.00 .00 40.00 **
NA1304-0000 007070-NAVY RESALE ACTIVITY #5084 M 1 007070-NAVY RESALE ACTIVITY #5084 78.16 .00 78.16 DUV0 .000
INVOICE TOTAL............... 78.16 .00 78.16 **
NA1900-0000 019687-DEFENSE FINANCE SVC M 2 007100-COMMISSARY STORE BLDG 30 77.24 .00 77.24 DUV0 .000
INVOICE TOTAL............... 77.24 .00 77.24 **
NC0300-0000 018386-NCR CORPORATION M 1 018386-NCR CORPORATION 82.50 5.36 87.86 DUV1 6.500
INVOICE TOTAL............... 82.50 5.36 87.86 **
NI0110-0000 020150-NINO'S PASTA HOUSE M 1 020150-NINO'S PASTA HOUSE 79.00 5.14 84.14 DUV1 6.500
INVOICE TOTAL............... 79.00 5.14 84.14 **
NI0120-0000 020705-NINO'S PASTA HOUSE M 1 020705-NINO'S PASTA HOUSE 61.50 4.00 65.50 DUV1 6.500
INVOICE TOTAL............... 61.50 4.00 65.50 **
NI0204-0000 013545-NIMNICHT CHEVROLET CO. M 1 013545-NIMNICHT CHEVROLET CO. 139.75 9.08 148.83 DUV1 6.500
INVOICE TOTAL............... 139.75 9.08 148.83 **
NO0400-0000 017283-NORTH FLA LINCOLN MERCURY INC. M 1 017283-NORTH FLA LINCOLN MERCURY INC. 60.50 3.93 64.43 DUV1 6.500
INVOICE TOTAL............... 60.50 3.93 64.43 **
OA0104-0000 018067-OAK BRIDGE CLUB M 2 017726-OAK BRIDGE CLUB 50.00 3.00 53.00 STJ1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
OA0105-0000 000878-OAKS MALL M 1 000878-OAKS MALL 195.00 11.70 206.70 ALA1 6.000
INVOICE TOTAL............... 195.00 11.70 206.70 **
OA0107-0000 020032-OAKVIEW REGIONAL CARE CENTER M 1 020032-OAKVIEW REGIONAL CARE CENTER 130.00 .00 130.00 MAR0 .000
INVOICE TOTAL............... 130.00 .00 130.00 **
OA0110-0000 020798-OASIS M 1 020798-OASIS 85.00 5.10 90.10 STJ1 6.000
INVOICE TOTAL............... 85.00 5.10 90.10 **
OC0100-0000 020231-OCALA ALE HOUSE M 1 020231-OCALA ALE HOUSE 75.00 4.50 79.50 MAR1 6.000
INVOICE TOTAL............... 75.00 4.50 79.50 **
OC0107-0000 019904-BUDGETEL INN - OCALA M 1 019904-BUDGETEL INN - OCALA 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
OC0207-0000 021165-STACEY'S M 2 019905-STACEY'S OCALA BUFFET 40.00 2.40 42.40 MAR1 6.000
INVOICE TOTAL............... 40.00 2.40 42.40 **
OC0307-0000 019906-OCALA JOCKEY CLUB M 1 019906-OCALA JOCKEY CLUB 60.00 3.60 63.60 MAR1 6.000
INVOICE TOTAL............... 60.00 3.60 63.60 **
OC0407-0000 020083-OCALA NATIONAL BANK M 2 019907-OCALA NATIONAL BANK 55.00 3.30 58.30 MAR1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
OC0507-0000 019908-OCALA OB/GYN M 1 019908-OCALA OB/GYN 57.10 3.43 60.53 MAR1 6.000
INVOICE TOTAL............... 57.10 3.43 60.53 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 55
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
OK0100-0000 020377-O'KANE'S IRISH PUB & EATERY M 1 020377-O'KANE'S IRISH PUB & EATERY 100.00 6.00 106.00 NAS1 6.000
INVOICE TOTAL............... 100.00 6.00 106.00 **
OK0113-0000 019312-OKEFENOKEE RESTAURANT M 1 019312-OKEFENOKEE RESTAURANT 46.00 .00 46.00 CHA1 .000
INVOICE TOTAL............... 46.00 .00 46.00 **
OL0110-0000 018848-OLD AMERICA STORE #18 M 1 018848-OLD AMERICA STORE #18 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
OL0114-0000 018891-OLD DOMINION INSURANCE CO. M 1 018891-OLD DOMINION INSURANCE CO. 75.00 4.88 79.88 DUV1 6.500
INVOICE TOTAL............... 75.00 4.88 79.88 **
OL0120-0000 019488-OLD AMERICA STORE M 1 019488-OLD AMERICA STORE 80.00 5.60 85.60 CLAI 7.000
INVOICE TOTAL............... 80.00 5.60 85.60 **
OL0130-0000 020124-OLSTEN TEMPORARY SERVICES M 1 020124-OLSTEN TEMPORARY SERVICES 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
OL0140-0000 020810-OLD AMERICA STORE #100 M 1 020810-OLD AMERICA STORE #100 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
OL0150-0000 019151-EQUICREDIT CORPORATION M 1 019151-EQUICREDIT CORPORATION 221.50 14.40 235.90 DUV1 6.500
INVOICE TOTAL............... 221.50 14.40 235.90 **
OM0110-0000 017650-OMNI JACKSONVILLE HOTEL M 1 017650-OMNI JACKSONVILLE HOTEL 245.00 15.93 260.93 DUV1 6.500
INVOICE TOTAL............... 245.00 15.93 260.93 **
ON0104-0000 019669-MUZAK/ONE PRICE M 3 018457-#155 30.00 .00 30.00 DUV0 .000
018458-#153 30.00 .00 30.00 CLA0 .000
018542-#157 30.00 .00 30.00 DUV0 .000
018563-#158 30.00 .00 30.00 WAR0 .000
018564-#161 30.00 .00 30.00 GLY0 .000
018604-#171 30.00 .00 30.00 DUV0 .000
018673-#188 30.00 .00 30.00 ALA0 .000
018709-#198 30.00 .00 30.00 FLG0 .000
INVOICE TOTAL............... 240.00 .00 240.00 **
ON0107-0000 019669-MUZAK/ONE PRICE M 2 019909-ONE PRICE CLOTHING #375 30.00 .00 30.00 MAR0 .000
INVOICE TOTAL............... 30.00 .00 30.00 **
ON0124-0000 013610-O'NEIL'S CARD & GIFTS M 1 013610-O'NEIL'S CARD & GIFTS 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
ON0200-0000 013600-O'NEAL STEEL COMPANY M 1 013600-O'NEAL STEEL COMPANY 125.47 8.16 133.63 DUV1 6.500
INVOICE TOTAL............... 125.47 8.16 133.63 **
ON0300-0000 018961-HALL-SAN M 2 007180-GRETCHEN'S CARD SHOP 30.66 2.15 32.81 CLA1 7.000
INVOICE TOTAL............... 30.66 2.15 32.81 **
OR0110-0000 018833-ORANGE PARK COUNTRY CLUB M 1 018702-ORANGE PARK COUNTRY CLUB 145.00 10.15 155.15 CLA1 7.000
INVOICE TOTAL............... 145.00 10.15 155.15 **
OR0140-0000 020773-ORANGE PARK HYUNDAI/SUBARU M 1 020773-ORANGE PARK HYUNDAI/SUBARU 62.00 4.03 66.03 DUV1 6.500
INVOICE TOTAL............... 62.00 4.03 66.03 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 56
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
OR0150-0000 000795-CLAY EYE PHYSICIANS & SURGEONS M 1 000795-CLAY EYE PHYSICIANS & SURGEONS 72.40 5.07 77.47 CLA1 7.000
INVOICE TOTAL............... 72.40 5.07 77.47 **
OR0200-0000 013620-ORANGE PARK MALL NORTH M 1 013620-ORANGE PARK MALL NORTH 81.45 5.70 87.15 CLA1 7.000
INVOICE TOTAL............... 81.45 5.70 87.15 **
OS0110-0000 020954-OSH KOSH B'GOSH M 1 020954-OSH KOSH B'GOSH 60.00 .00 60.00 MCI1 .000
INVOICE TOTAL............... 60.00 .00 60.00 **
OS0113-0000 018971-OSPREY COVE INC. M 1 018971-OSPREY COVE INC. 85.00 .00 85.00 CAM0 .000
INVOICE TOTAL............... 85.00 .00 85.00 **
OU0110-0001 018603-OUTBACK STEAKHOUSE M 1 018683-OUTBACK STEAKHOUSE 70.00 4.55 74.55 DUV1 6.500
INVOICE TOTAL............... 70.00 4.55 74.55 **
OU0120-0000 019411-OUTBACK STEAKHOUSE M 1 019411-OUTBACK STEAKHOUSE 65.00 3.90 68.90 ALA1 6.000
INVOICE TOTAL............... 65.00 3.90 68.90 **
OU0130-0000 019543-OUTBACK STEAKHOUSE M 1 019543-OUTBACK STEAKHOUSE 70.00 4.55 74.55 DUV1 6.500
INVOICE TOTAL............... 70.00 4.55 74.55 **
OU0140-0000 019552-OUTBACK STEAKHOUSE M 1 019552-OUTBACK STEAKHOUSE 70.00 4.90 74.90 CLA1 7.000
INVOICE TOTAL............... 70.00 4.90 74.90 **
OU0150-0000 019911-OUTBACK STEAKHOUSE M 1 019911-OUTBACK STEAKHOUSE 65.00 3.90 68.90 MAR1 6.000
INVOICE TOTAL............... 65.00 3.90 68.90 **
OU0160-0000 020407-OUTBACK STEAKHOUSE M 1 020407-OUTBACK STEAKHOUSE 70.00 4.20 74.20 STJ1 6.000
INVOICE TOTAL............... 70.00 4.20 74.20 **
OU0200-0000 019113-OUTBACK STEAKHOUSE M 1 019113-OUTBACK STEAKHOUSE 70.00 4.55 74.55 DUV1 6.500
INVOICE TOTAL............... 70.00 4.55 74.55 **
OV0110-0000 018972-OVERBY'S M 1 018972-OVERBY'S 30.00 1.95 31.95 DUV1 6.500
INVOICE TOTAL............... 30.00 1.95 31.95 **
OW0110-0000 020423-OWENS CORNING M 1 020423-OWENS CORNING 594.00 38.61 632.61 A DUV1 6.500
INVOICE TOTAL............... 594.00 38.61 632.61 **A
OW0200-0000 013645-OWENS, DR. C. K. M 1 013645-OWENS, DR. C. K. 55.00 3.30 58.30 NAS1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
PA0107-0000 019912-PALM CHEVY M 1 019912-PALM CHEVY 49.50 2.97 52.47 MAR1 6.000
INVOICE TOTAL............... 49.50 2.97 52.47 **
PA0110-0000 020850-PATIENT FINANCIAL SERVICES M 1 020850-PATIENT FINANCIAL SERVICES 45.00 .00 45.00 ALA0 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
PA0120-0000 021080-P.C. JACK, INC. M 2 021056-PARTY CITY 75.00 4.88 79.88 DUV1 6.500
INVOICE TOTAL............... 75.00 4.88 79.88 **
PA0140-0000 021141-PARSON'S SEAFOOD M 1 021141-PARSON'S SEAFOOD 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
PA0150-0000 000728-PANAMA HATTIE'S M 1 000728-PANAMA HATTIE'S 125.00 7.50 132.50 STJ1 6.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 57
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL.............. 125.00 7.50 132.50 **
PA0400-0000 013655-FIRST FEDERAL S&L OF PALATKA M 1 013655-FIRST FEDERAL S&L OF PALATKA 61.85 3.71 65.56 PUT1 6.000
INVOICE TOTAL............... 61.85 3.71 65.56 **
PA0560-0000 018897-PALM HARBOR CENTER ASSOC. M 2 013670-PALM HARBOR SHOPPING VILLAGE 107.60 7.53 115.13 FLG1 7.000
INVOICE TOTAL............... 107.60 7.53 115.13 **
PA0900-0000 017475-PARAGON GROUP M 1 017475-PARAGON GROUP 78.65 5.11 83.76 DUV1 6.500
INVOICE TOTAL............... 78.65 5.11 83.76 **
PA1060-0000 013685-EMBASSY SUITES HOTEL M 1 002623-EMBASSY SUITES 158.50 10.30 168.80 DUV1 6.500
INVOICE TOTAL............... 158.50 10.30 168.80 **
PA1100-0000 013690-PARRISH VOLVO M 1 013690-PARRISH VOLVO 61.71 4.01 65.72 DUV1 6.500
INVOICE TOTAL............... 61.71 4.01 65.72 **
PA1200-0000 013700-PAT & MIKE'S RESTAURANT M 1 013700-PAT & MIKE'S RESTAURANT 47.87 3.11 50.98 DUV1 6.500
INVOICE TOTAL............... 47.87 3.11 50.98 **
PC0104-0000 020056-PCA CENTURY MEDICAL HEALTH M 1 020056-PCA CENTURY MEDICAL HEALTH 55.00 3.50 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.50 58.58 **
PE0100-0000 020873-MUZAK/PETS MART M 2 020475-PETS MART #298 165.00 .00 165.00 DUV0 .000
INVOICE TOTAL............... 165.00 .00 165.00 **
PE0104-0000 019670-MUZAK/PETIT SOPHISTICATE M 3 019126-#2716 21.25 .00 21.25 DUV0 .000
INVOICE TOTAL............... 21.25 .00 21.25 **
PE0110-0000 019670 MUZAK/PETIT SOPHISTICATE M 2 020128-PETITE SOPHISTICATE #1636 21.25 .00 21.25 CLA0 .000
INVOICE TOTAL............... 21.25 .00 21.25 **
PE0120-0000 020469-PELICAN POINT RESTAURANT M 1 020469-PELICAN POINT RESTAURANT 85.00 .00 85.00 MCI1 .000
INVOICE TOTAL............... 85.00 .00 85.00 **
PE0130-0000 020873-MUZAK/PETS MART M 2 020845-PETS MART #299 43.00 .00 43.00 DUV0 .000
INVOICE TOTAL............... 43.00 .00 43.00 **
PE0140-0000 020873-MUZAK/PETS MART M 2 021054-PETS MART #304 41.00 .00 41.00 MAR0 .000
INVOICE TOTAL............... 41.00 .00 41.00 **
PE0210-0000 001035-PERKIN'S STATE BANK M 1 001035-PERKIN'S STATE BANK 69.85 4.89 74.74 LEV1 7.000
INVOICE TOTAL............... 69.85 4.89 74.74 **
PE0214-0000 013750-PERKIN'S RESTAURANT M 1 013750-PERKIN'S RESTAURANT 102.30 6.14 108.44 ALA1 6.000
INVOICE TOTAL............... 102.30 6.14 108.44 **
PE0220-0000 017552-PERKINS STATE BANK M 1 017552-PERKINS STATE BANK 57.20 4.00 61.20 LEV1 7.000
INVOICE TOTAL............... 57.20 4.00 61.20 **
PE0400-0000 013755-BRUMOS MOTOR CARS INC. M 1 013755-BRUMOS MOTOR CARS INC. 87.11 5.66 92.77 DUV1 6.500
INVOICE TOTAL............... 87.11 5.66 92.77 **
PI0010-0000 000075-PIC N SAVE DRUG CO. M 2 007365-PIC N SAVE DRUG CO. #9 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 58
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
PI0020-0000 000075-PIC N SAVE DRUG CO. M 2 007360-PIC N SAVE DRUG CO. #8 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0030-0000 000075-PIC N SAVE DRUG CO. M 2 007415-PIC N SAVE DRUG CO. #25 85.50 5.13 90.63 PUT1 6.000
INVOICE TOTAL............... 85.50 5.13 90.63 **
PI0035-0000 000075-PIC N SAVE DRUG CO. M 2 007430-PIC N SAVE DRUG CO. #33 85.50 5.13 90.63 ALA1 6.000
INVOICE TOTAL............... 85.50 5.13 90.63 **
PI0040-0000 000075-PIC N SAVE DRUG CO. M 2 007470-PIC N SAVE DRUG CO. #46 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0045-0000 000075-PIC N SAVE DRUG CO. M 2 007410-PIC N SAVE DRUG CO. #28 85.50 5.13 90.63 ALA1 6.000
INVOICE TOTAL............... 85.50 5.13 90.63 **
PI0050-0000 000075-PIC N SAVE DRUG CO. M 2 007490-PIC N SAVE DRUG CO. #43 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0060-0000 000075-PIC N SAVE DRUG CO. M 2 007345-PIC N SAVE DRUG CO. #5 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0065-0000 000075-PIC N SAVE DRUG CO. M 2 007440-PIC N SAVE DRUG CO. #39 85.50 5.13 90.63 ALA1 6.000
INVOICE TOTAL............... 85.50 5.13 90.63 **
PI0070-0000 000075-PIC N SAVE DRUG CO. M 2 020330-PIC N SAVE DRUG CO. #52 85.50 5.13 90.63 MAR1 6.000
INVOICE TOTAL............... 85.50 5.13 90.63 **
PI0800-0000 018382-PICCADILLY CAFETERIA M 1 018382-PICCADILLY CAFETERIA 49.50 3.22 52.72 DUV1 6.500
INVOICE TOTAL............... 49.50 3.22 52.72 **
PI0090-0000 013765-PICCADILLY CAFETERIA M 1 013765-PICCADILLY CAFETERIA 49.50 3.22 52.72 DUV1 6.500
INVOICE TOTAL............... 49.50 3.22 52.72 **
PI0100-0000 019066-PICCADILLY CAFETERIA M 1 019066-PICCADILLY CAFETERIA 49.50 3.22 52.72 DUV1 6.500
INVOICE TOTAL............... 49.50 3.22 52.72 **
PI0103-0000 000075-PIC N SAVE DRUG CO. M 2 007340-PIC N SAVE DRUG CO. #11 85.50 .00 85.50 MAY0 .000
INVOICE TOTAL............... 85.50 .00 85.50 **
PI0107-0000 000075-PIC N SAVE DRUG CO. M 2 019914-PIC N SAVE DRUG CO. #42 85.50 5.13 90.63 MAR1 6.000
INVOICE TOTAL............... 85.50 5.13 90.63 **
PI0110-0000 000075-PIC N SAVE DRUG CO. M 2 007445-PIC N SAVE DRUG CO. #31 85.50 5.99 91.49 CLA1 7.000
INVOICE TOTAL............... 85.50 5.99 91.49 **
PI0120-0000 000075-PIC N SAVE DRUG CO. M 2 007380-PIC N SAVE DRUG CO. #14 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0130-0000 000075-PIC N SAVE DRUG CO. M 2 007425-PIC N SAVE DRUG CO. #26 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0133-0000 015720-PIZZA INN M 1 015720-PIZZA INN 45.00 .00 45.00 WAY1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
PI0140-0000 000075-PIC N SAVE DRUG CO. M 2 007375-PIC N SAVE DRUG CO. #12 85.50 5.56 91.06 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 59
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0143-0000 018026-PIZZA INN M 1 018026-PIZZA INN 27.50 .00 27.50 GLY1 .000
INVOICE TOTAL............... 27.50 .00 27.50 **
PI0150-0000 000075-PIC N SAVE DRUG CO. M 2 007505-PIC N SAVE DRUG CO. #48 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0153-0000 019545-PIZZA INN M 1 019545-PIZZA INN 45.00 .00 45.00 APP1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
PI0160-0000 000075-PIC N SAVE DRUG CO. M 2 007465-PIC N SAVE DRUG CO. #40 85.50 5.13 90.63 STJ1 6.000
INVOICE TOTAL............... 85.50 5.13 90.63 **
PI0163-0000 019544-PIZZA INN M 1 019544-PIZZA INN 65.00 .00 65.00 WAR1 .000
INVOICE TOTAL............... 65.00 .00 65.00 **
PI0170-0000 000075-PIC N SAVE DRUG CO. M 2 007450-PIC N SAVE DRUG CO. #35 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0200-0000 000075-PIC N SAVE DRUG CO. M 2 007395-PIC N SAVE DRUG CO. #23 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0203-0001 013835-PIGGLY-WIGGLY SOUTHERN M 2 007400-PIGGLY-WIGGLY #761 50.00 .00 50.00 MAR0 .000
INVOICE TOTAL............... 50.00 .00 50.00 **
PI0210-0000 000075-PIC N SAVE DRUG CO. M 2 007355-PIC N SAVE DRUG CO. #7 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0213-0000 013835-PIGGLY-WIGGLY SOUTHERN M 2 000187-PIGGLY WIGGLY #22 50.00 .00 50.00 BAC1 .000
INVOICE TOTAL............... 50.00 .00 50.00 **
PI0220-0000 000075-PIC N SAVE DRUG CO. M 2 007455-PIC N SAVE DRUG CO. #36 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0230-0000 000075-PIC N SAVE DRUG CO. M 2 007460-PIC N SAVE DRUG CO. #38 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0240-0000 000075-PIC N SAVE DRUG CO. M 2 007435-PIC N SAVE DRUG CO. #27 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0270-0000 000075-PIC N SAVE DRUG CO. M 2 017361-PIC N SAVE DRUG CO. #50 85.50 5.56 91.06 DUV1 6.500
INVOICE TOTAL............... 85.50 5.56 91.06 **
PI0310-0000 000075-PIC N SAVE DRUG CO. M 2 007480-PIC N SAVE DRUG CO. #41 85.50 5.99 91.49 SUM1 7.000
INVOICE TOTAL............... 85.50 5.99 91.49 **
PI0323-0000 013925-PIGGLY WIGGLY - A/P CROSS CITY M 1 002296-PIGGLY WIGGLY-CROSS CITY 93.92 6.57 100.49 DIX1 7.000
INVOICE TOTAL............... 93.92 6.57 100.49 **
PI0343-0000 000075-PIC N SAVE DRUG CO. M 2 007500-PIC N SAVE DRUG CO. #47 85.50 .00 85.50 WAR1 .000
INVOICE TOTAL............... 85.50 .00 85.50 **
PI0500-0000 013950-PITMAN & SONS, INC. M 1 013950-PITMAN & SONS, INC. 151.00 9.82 160.82 DUV1 6.500
INVOICE TOTAL............... 151.00 9.82 160.82 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 60
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
PI0544-0000 019290-PITNEY BOWES M 1 019290-PITNEY BOWES 175.00 11.38 186.38 DUV1 6.500
INVOICE TOTAL............... 175.00 11.38 186.38 **
PI1200-0000 020190-PITNEY BOWES COPIERS M 1 020190-PITNEY BOWES COPIERS 56.00 3.64 59.64 DUV1 6.500
INVOICE TOTAL............... 56.00 3.64 59.64 **
PI1300-0000 020163-PITNEY BOWES M 1 020163-PITNEY BOWES 129.00 8.39 137.39 DUV1 6.500
INVOICE TOTAL............... 129.00 8.39 137.39 **
PI1310-0000 021062-PIGGLY WIGGLY M 2 021063-PIGGLY WIGGLY #716 50.00 .00 50.00 JEF1 .000
INVOICE TOTAL............... 50.00 .00 50.00 **
PI2010-0000 019030-PIGGLY WIGGLY - CHIEFLAND M 1 019030-PIGGLY WIGGLY - CHIEFLAND 83.00 5.81 88.81 LEV1 7.000
INVOICE TOTAL............... 83.00 5.81 88.81 **
PL0100-0000 013965-WOOD HOPKINS CONTRACTING/PLOOF M 1 013965-WOOD HOPKINS CONTRACTING/PLOOF 53.66 3.49 57.15 DUV1 6.500
INVOICE TOTAL............... 53.66 3.49 57.15 **
PL0107-0000 019916-INTERNATIONAL HOUSE OF PANCAKE M 1 019916-INTERNATIONAL HOUSE OF PANCAKE 60.00 3.60 63.60 MAR1 6.000
INVOICE TOTAL............... 60.00 3.60 63.60 **
PL0114-0000 018982-ATHENA RESTAURANT M 1 018982-ATHENA RESTAURANT 40.00 2.40 42.40 STJ1 6.000
INVOICE TOTAL............... 40.00 2.40 42.40 **
PL0120-0000 021074-PLANET PREMIER M 1 021074-PLANET PREMIER 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
PL0800-0000 018827-PLANTATION AT PONTE VEDRA M 1 018827-PLANTATION AT PONTE VEDRA 75.00 4.50 79.50 STJ1 6.000
INVOICE TOTAL............... 75.00 4.50 79.50 **
PO0100-0000 013970-PONCE DE LEON MALL M 1 013970-PONCE DE LEON MALL 129.67 7.78 137.45 STJ1 6.000
INVOICE TOTAL............... 129.67 7.78 137.45 **
PO0107-0000 019917-POPEYES #406 M 1 019917-POPEYES #406 30.00 1.80 31.80 MAR1 6.000
INVOICE TOTAL............... 30.00 1.80 31.80 **
PO0113-0000 018862-PONDEROSA RESTAURANT M 1 018862-PONDEROSA RESTAURANT 45.00 .00 45.00 CAM1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
PO0123-0000 013985-RESTAURANT MANAGEMENT SERVICES M 2 019161-POPEYE'S #440 33.00 .00 33.00 GLY1 .000
INVOICE TOTAL............... 33.00 .00 33.00 **
PO0150-0000 018593-PONTE VEDRA POINT SHOPPING CTR M 1 018319-PONTE VEDRA POINT SHOP. CNTR. 72.50 4.35 76.85 STJ1 6.000
INVOICE TOTAL............... 72.50 4.35 76.85 **
PO0200-0000 001037-PONCE DE LEON RESORT & CONVEN M 1 001037-PONCE DE LEON RESORT & CONVEN 423.65 25.42 449.07 STJ1 6.000
INVOICE TOTAL............... 423.65 25.42 449.07 **
PO0300-0000 013980-PONTE VEDRA INN & CLUB M 1 013980-PONTE VEDRA INN & CLUB 371.24 22.27 393.51 STJ1 6.000
INVOICE TOTAL............... 371.24 22.27 393.51 **
PO0400-0002 013985-RESTAURANT MANAGEMENT SERVICES M 5 007585-UNIV. BLVD. N. 33.00 2.15 35.15 DUV1 6.500
PO0400-0003 013985-RESTAURANT MANAGEMENT SERVICES M 5 007590-KINGS ROAD 33.00 2.15 35.15 DUV1 6.500
PO0400-0004 013985-RESTAURANT MANAGEMENT SERVICES M 5 007595-NORMANDY BLVD. 33.00 2.15 35.15 DUV1 6.500
PO0400-0005 013985-RESTAURANT MANAGEMENT SERVICES M 5 007600-NORWOOD AVENUE 33.00 2.15 35.15 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 61
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
PO0400-0006 013985-RESTAURANT MANAGEMENT SERVICES M 5 007605-UNIV. BLVD. S. 33.00 2.15 35.15 DUV1 6.500
PO0400-0007 013985-RESTAURANT MANAGEMENT SERVICES M 5 007610-BLANDING BLVD. 33.00 2.15 35.15 DUV1 6.500
PO0400-0008 013985-RESTAURANT MANAGEMENT SERVICES M 5 007615-EDGEWOOD AVENUE 33.00 2.15 35.15 DUV1 6.500
PO0400-0009 013985-RESTAURANT MANAGEMENT SERVICES M 5 007620-NEPTUNE BEACH 33.00 2.15 35.15 DUV1 6.500
PO0400-0012 013985-RESTAURANT MANAGEMENT SERVICES M 5 018242-MAIN ST-GAINES 33.00 1.98 34.98 ALA1 6.000
PO0400-0013 013985-RESTAURANT MANAGEMENT SERVICES M 5 019091-DUNN AVE 33.00 2.15 35.15 DUV1 6.500
PO0400-0014 013985-RESTAURANT MANAGEMENT SERVICES M 5 019158-EDGEWOOD 33.00 2.15 35.15 DUV1 6.500
PO0400-0015 013985-RESTAURANT MANAGEMENT SERVICES M 5 019160-SAN JOSE 33.00 2.15 35.15 DUV1 6.500
PO0400-0016 013985-RESTAURANT MANAGEMENT SERVICES M 5 019159-BLANDING 33.00 2.31 35.31 CLA1 7.000
PO0400-0018 013985-RESTAURANT MANAGEMENT SERVICES M 5 019268-7606 LEM TURNER 33.00 2.15 35.15 DUV1 6.500
PO0400-0019 013985-RESTAURANT MANAGEMENT SERVICES M 5 019229-3319 ATAMA 33.00 .00 33.00 GLY1 .000
PO0400-0020 013985-RESTAURANT MANAGEMENT SERVICES M 5 019220-E. UNIV-GAINES 33.00 1.98 34.98 ALA1 6.000
PO0400-0021 013985-RESTAURANT MANAGEMENT SERVICES M 5 019298-6310 103RD 33.00 2.15 35.15 DUV1 6.500
PO0400-0022 013985-RESTAURANT MANAGEMENT SERVICES M 5 019360-1902 N. MAIN 33.00 2.15 35.15 DUV1 6.500
PO0400-0023 013985-RESTAURANT MANAGEMENT SERVICES M 5 019433-ROOSEVELT 33.00 2.15 35.15 DUV1 6.500
PO0400-0024 013985-RESTAURANT MANAGEMENT SERVICES M 5 019584-7507 ATLANTIC 33.00 2.15 35.15 DUV1 6.500
PO0400-0025 013985-RESTAURANT MANAGEMENT SERVICES M 5 019579-POPEYE'S #466 33.00 2.15 35.15 DUV1 6.500
INVOICE TOTAL............... 33.00 2.15 35.15 **
PO0400-0026 013985 RESTAURANT MANAGEMENT SERVICES M 5 019580-8007 NORMANDY 33.00 2.15 35.15 DUV1 6.500
PO0400-0027 013985 RESTAURANT MANAGEMENT SERVICES M 5 019529-LAKE CITY 33.00 1.98 34.98 COL1 6.000
PO0400-0028 013985 RESTAURANT MANAGEMENT SERVICES M 5 019214-SOUTEL 33.00 2.15 35.15 DUV1 6.500
INVOICE TOTAL............... 759.00 46.95 805.95 **
PO0404-0000 013995-RIVER CITY M 1 013995-RIVER CITY 113.00 7.35 120.35 DUV1 6.500
INVOICE TOTAL............... 113.00 7.35 120.35 **
PR0104-0000 019139-PRUCARE M 1 019139-PRUCARE 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
PR0110-0000 019768-JACKSONVILLE HEALTHCARE GROUP M 2 019737-PRUCARE OF JACKSONVILLE 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
PRO114-0000 019476-PRUCARE M 1 019476-PRUCARE 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
PR0120-0000 019477-PRUCARE M 1 019477-PRUCARE 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
PR0130-0000 020066-PRUCARE NEIGHBORHOOD CENTER M 1 020066-PRUCARE NEIGHBORHOOD CENTER 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
PR0134-0000 019989-PRUCARE CROSSROADS M 1 019989-PRUCARE CROSSROADS 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
PR0140-0000 000925-BUDDY HUTCHINSON PONTIAC M 1 000925-BUDDY HUTCHINSON PONTIAC 57.75 3.75 61.50 DUV1 6.500
INVOICE TOTAL............... 57.75 3.75 61.50 **
PR0150-0000 020842-PREMIER FOODS M 1 020842-PREMIER FOODS 60.00 3.90 63.90 DUV1 6.500
INVOICE TOTAL............... 60.00 3.90 63.90 **
PR0160-0000 020843-PREMIER FOODS M 1 020843-PREMIER FOODS 60.00 3.90 63.90 DUV1 6.500
INVOICE TOTAL............... 60.00 3.90 63.90 **
PR0170-0000 020958-JACKSONVILLE HEALTHCARE GROUP M 2 020854-PRUCARE HEALTH CENTER 45.00 2.93 47.93 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 62
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 45.00 2.93 47.93 **
PR0180-0000 020929-PROFESSIONAL INSURANCE CO. M 1 020929-PROFESSIONAL INSURANCE CO. 173.51 11.28 184.79 DUV1 6.500
INVOICE TOTAL............... 173.51 11.28 184.79 **
PR0210-0000 017012-PROSPERITY BANK OF ST. AUG. M 2 018439-PROSPERITY BANK OF ST. AUG. 61.60 3.70 65.30 STJ1 6.000
INVOICE TOTAL............... 61.60 3.70 65.30 **
PR0360-0000 017012-PROSPERITY BANK OF ST. AUG. M 1 017012-PROSPERITY BANK OF ST. AUG. 72.60 4.36 76.96 STJ1 6.000
INVOICE TOTAL............... 72.60 4.36 76.96 **
PR0370-0000 017012-PROSPERITY BANK OF ST. AUG. M 2 017664-PROSPERITY BANK OF ST.
AUGUSTINE 73.51 4.41 77.92 STJ1 6.000
INVOICE TOTAL............... 73.51 4.41 77.92 **
PR0404-0000 019444-PRUDENTIAL M 2 017801-THE PRUDENTIAL RECORDS CENTER 221.20 14.38 235.58 DUV1 6.500
INVOICE TOTAL............... 221.20 14.38 235.58 **
PR0414-0000 019293-PRUDENTIAL HEALTH CARE M 1 019293-PRUDENTIAL HEALTH CARE 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
PR0420-0000 014010-PRUDENTIAL INSURANCE CO. M 3 007650-ONE PLAZA 150.00 9.75 159.75 DUV1 6.500
007655-TWO PLAZA 253.00 16.45 269.45 DUV1 6.500
INVOICE TOTAL............... 403.00 26.20 429.20 **
PU0100-0000 014015-PUBLIX SUPER MARKETS INC. M 3 002679-#381 FOOD WORLD 33.00 2.15 35.15 DUV1 6.500
002682-WAREHOUSE 33.00 2.15 35.15 DUV1 6.500
007670-#34 JAX BEACH 33.00 2.15 35.15 DUV1 6.500
007675-#77 PALM COAST 33.00 2.31 35.31 FLG1 7.000
007605-#163 UNIV.B.W. 33.00 2.15 35.15 DUV1 6.500
007690-#165 ROOSEVELT 33.00 2.15 35.15 DUV1 6.500
007695-#177 BAYMEADOWS 33.00 2.15 35.15 DUV1 6.500
007700-#183 ATLANTIC 33.00 2.15 35.15 DUV1 6.500
007705-#184 DUNN AVE. 33.00 2.15 35.15 DUV1 6.500
007710-#186 ORANGE PK 33.00 2.31 35.31 CLA1 7.000
007715-#187 FT. CAROLINE 33.00 2.15 35.15 DUV1 6.500
007720-#198 SAN JOSE 33.00 2.15 35.15 DUV1 6.500
007725-#199 ST. AUG. 33.00 1.98 34.98 STJ1 6.000
007730-#206 PALATKA 33.00 1.98 34.98 PUT1 6.000
007735-#231 LIVE OAK 33.00 2.31 35.31 SUW1 7.000
007740-#234 LAKE CITY 33.00 1.98 34.98 COL1 6.000
007745-#253 TPC BLVD. 33.00 1.98 34.98 STJ1 6.000
007750-#254 ATLANTIC B 33.00 2.15 35.15 DUV1 6.500
007755-#263 103RD ST. 33.00 2.15 35.15 DUV1 6.500
017190-#277 BLANDING 33.00 2.31 35.31 CLA1 7.000
017347-#306 N.W. 76TH 33.00 1.98 34.98 ALA1 6.000
017354-#309 - SR #13 33.00 2.15 35.15 DUV1 6.500
017451-#322 FORNANDINA 33.00 1.98 34.98 NAS1 6.000
017468-#320 MONUMENT 33.00 2.15 35.15 DUV1 6.500
017789-#345 NORMANDY 33.00 2.15 35.15 DUV1 6.500
017790-#336 ST. AUG 33.00 1.98 34.98 STJ1 6.000
017892-DATA PROCESSING 33.00 2.15 35.15 DUV1 6.500
018132-PERISHABLE FOOD 33.00 2.15 35.15 DUV1 6.500
018263-#377 33.00 1.98 34.98 STJ1 6.000
018940-#178 33.00 2.15 35.15 DUV1 6.500
019743-#433 BEACH BLVD 33.00 2.15 35.15 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 63
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
019810-#431 ALTAMA 33.00 .00 33.00 GLY1 .000
019831-#435 43RD ST 33.00 1.98 34.98 ALA1 6.000
020027-BELLVIEW 33.00 1.98 34.98 MAR1 6.000
020161-#445 SR #200 33.00 .00 33.00 MAR0 6.000
020300-#105 KINGSLAND 33.00 .00 33.00 CAM1 6.000
020664-#US 17 ORNGE PK 33.00 2.31 35.31 CLA1 6.000
020838-#537 33.00 1.98 34.98 ALA1 6.000
020853-#527 33.00 1.98 34.98 ALA1 6.000
020918-#552 JAX BCH 33.00 2.15 35.15 DUV1 6.500
INVOICE TOTAL............... 1320.00 78.31 1398.31 **
PU0105-0000 014015-PUBLIX SUPER MARKETS INC. M 3 007760-#43 GAINES. 33.00 1.98 34.98 ALA1 6.000
007765-#125 GAINES. 33.00 1.98 34.98 ALA1 6.000
007775-#175 GAINES. 33.00 1.98 34.98 ALA1 6.000
007780-#189 GAINES. 33.00 1.98 34.98 ALA1 6.000
INVOICE TOTAL............... 132.00 7.92 139.92 **
PU0107-0001 014015-PUBLIX SUPER MARKETS INC. M 5 019918-#193 33.00 1.98 34.98 MAR1 6.000
PU0107-0003 014015-PUBLIX SUPER MARKETS INC. M 5 019920-#257 33.00 1.98 34.98 MARI 6.000
PU0107-0004 014015-PUBLIX SUPER MARKETS INC. M 5 019921-#404 33.00 1.98 34.98 MAR1 6.000
PU0107-0005 014015-PUBLIX SUPER MARKETS INC. M 5 019922-#419 33.00 1.98 34.98 MAR1 6.000
INVOICE TOTAL............... 132.00 7.92 139.92 **
PU0110-0000 020641-PURPLE ONION M 1 020641-PURPLE ONION 59.00 3.84 62.84 DUV1 6.500
INVOICE TOTAL............... 59.00 3.84 62.84 **
PU0120-0000 018498-PUTNAM STATE BANK M 1 018498-PUTNAM STATE BANK 83.50 5.01 88.51 PUT1 6.000
INVOICE TOTAL............... 83.50 5.01 88.51 **
PU0200-0000 018221-NAVIERAS NPR, INC. M 2 002176-NAVIERAS NPR, INC. 88.83 5.77 94.60 DUV1 6.500
INVOICE TOTAL............... 88.83 5.77 94.60 **
PU0300-0000 020952-PUTNAM MEDICAL ASSOCIATION M 1 020952-PUTNAM MEDICAL ASSOCIATION 49.00 2.94 51.94 PUT1 6.000
INVOICE TOTAL............... 49.00 2.94 51.94 **
QU0104-0000 017241-HOLIDAY INN M 1 017241-HOLIDAY INN 104.10 6.77 110.87 DUV1 6.500
INVOICE TOTAL............... 104.10 6.77 110.87 **
QU0107-0000 018985-MUZAK/QUINCY'S M 2 019923-QUINCY'S #7047 34.03 .00 34.03 MAR0 .000
INVOICE TOTAL............... 34.03 .00 34.03 **
QU0150-0000 019751-QUALITY HEALTH OF FERNANDINA M 1 019751-QUALITY HEALTH OF FERNANDINA 55.00 3.30 58.30 NAS1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
QUO200-0000 020152-QUALITY INN M 1 020152-QUALITY INN 80.00 .00 80.00 GLY1 .000
INVOICE TOTAL............... 80.00 .00 80.00 **
QU0207-0000 018985-MUZAK/QUINCY'S M 2 019924-QUINCY'S #7138 34.03 .00 34.03 MAR0 .000
INVOICE TOTAL............... 34.03 .00 34.03 **
QU0250-0000 018985-MUZAK/QUINCY'S M 3 018878-220 PARK ST 34.03 .00 34.03 CLA0 .000
018899-ARLINGTON RD 34.03 .00 34.03 DUV0 .000
018900-BAYMEADOWS 34.03 .00 34.03 DUV0 .000
018902-BLANDING 34.03 .00 34.03 DUV0 .000
018903-BRUNSWICK 34.03 .00 34.03 GLY0 .000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 64
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
018904-DUNN AVE 34.03 .00 34.03 DUV0 .000
018905-GAINESVILLE 34.03 .00 34.03 ALA0 .000
018906-JAX BEACH 34.03 .00 34.03 DUV0 .000
018907-LAKE CITY 34.03 .00 34.03 COL0 .000
018909-5086 NORMANDY 34.03 .00 34.03 DUV0 .000
018910-UNIV W. 34.03 .00 34.03 DUV0 .000
018911-ST. AUGUSTINE 34.03 .00 34.03 STJ0 .000
INVOICE TOTAL............... 408.36 .00 408.36 **
QU0400-0000 021087-QUIZNO'S SUBS M 1 021087-QUIZNO'S SUBS 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
RA0034-0000 002298-RACQUET POWER M 1 002298-RACQUET POWER 117.40 7.63 125.03 DUV1 6.500
INVOICE TOTAL............... 117.40 7.63 125.03 **
RA0084-0000 019241-RAYS' CAFE M 1 019241-RAY'S CAFE 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
RA0094-0000 014120-RAVINES GOLF CORP. M 1 014120-RAVINES GOLF CORP. 161.50 11.31 172.81 CLA1 7.000
INVOICE TOTAL............... 161.50 11.31 172.81 **
RA0103-0000 014050-RAMADA INN M 2 014050-RAMADA INN 90.15 .00 90.15 GLY0 .000
INVOICE TOTAL............... 90.15 .00 90.15 **
RA0104-0000 018889-ARBY'S INC. M 2 002636-ARBY'S #5457 47.50 3.09 50.59 DUV1 6.500
INVOICE TOTAL............... 47.50 3.09 50.59 **
RA0107-0000 019925-RAINBOW SPRINGS COUNTRY CLUB M 1 019925-RAINBOW SPRINGS COUNTRY CLUB 75.25 4.52 79.77 MAR1 6.000
INVOICE TOTAL............... 75.25 4.52 79.77 **
RA0110-0000 017951-RALLY'S M 2 020276-RALLY'S 25.00 1.63 26.63 DUV1 6.500
INVOICE TOTAL............... 25.00 1.63 26.63 **
RA0113-0000 014050-RAMADA INN M 2 014060-RAMADA INN 54.45 .00 54.45 GLY0 .000
INVOICE TOTAL............... 54.45 .00 54.45 **
RA0114-0000 018889-ARBY'S INC. M 2 017344-ARBY'S #5456 47.50 3.09 50.59 DUV1 6.500
INVOICE TOTAL............... 47.50 3.09 50.59 **
RA0120-0000 020591-RALLYE MOTORS M 1 020591-RALLYE MOTORS 55.00 3.30 58.30 MAR1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
RA0140-0000 002720-RAGTIME TAVERN, INC. M 1 002720-RAGTIME TAVERN, INC. 168.00 10.92 178.92 DUV1 6.500
INVOICE TOTAL............... 168.00 10.92 178.92 **
RA0150-0000 002381-RAINTREE INN M 1 002381-RAINTREE INN 50.00 3.00 53.00 STJ1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
RA0160-0000 019167-RANGER TRANSPORTATION M 1 019167-RANGER TRANSPORTATION 210.00 13.65 223.65 DUV1 6.500
INVOICE TOTAL............... 210.00 13.65 223.65 **
RA0164-0000 017951-RALLY'S M 2 020236-RALLY'S 25.00 1.63 26.63 DUV1 6.500
INVOICE TOTAL............... 25.00 1.63 26.63 **
RA0180-0000 017951-RALLY'S M 2 020220-RALLY'S 25.00 1.75 26.75 CLA1 7.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 65
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 25.00 1.75 26.75 **
RA0190-0000 017951-RALLY'S M 2 018135-RALLY'S - LTD JAX FOODS 25.00 1.63 26.63 DUV1 6.500
INVOICE TOTAL............... 25.00 1.63 26.63 **
RA0200-0000 017951-RALLY'S M 2 020320-RALLY'S 25.00 1.63 26.63 DUV1 6.500
INVOICE TOTAL............... 25.00 1.63 26.63 **
RA0204-0000 018889-ARBY'S INC. M 2 007885-ARBY'S #5459 47.50 3.09 50.59 DUV1 6.500
INVOICE TOTAL............... 47.50 3.09 50.59 **
RA0207-0000 019941-RAMADA INN M 1 019941-RAMADA INN 200.00 12.00 212.00 MAR1 6.000
INVOICE TOTAL............... 200.00 12.00 212.00 **
RA0230-0000 000012-RAMADA INN-JAX BEACH M 1 000012-RAMADA INN-JAX BEACH 166.50 10.82 177.32 DUV1 6.500
INVOICE TOTAL............... 166.50 10.82 177.32 **
RA0304-0000 018889-ARBY'S INC. M 2 002754-ARBY'S #315 47.50 3.09 50.59 DUV1 6.500
INVOICE TOTAL............... 47.50 3.09 50.59 **
RA0544-0000 014090-RAMADA INN M 1 014090-RAMADA INN 85.00 5.53 90.53 DUV1 6.500
INVOICE TOTAL............... 85.00 5.53 90.53 **
RA0650-0000 014100-HOLIDAY INN ON THE BEACH M 1 014100-HOLIDAY INN ON THE BEACH 153.29 9.20 162.49 STJ1 6.000
INVOICE TOTAL............... 153.29 9.20 162.49 **
RA0904-0000 017951-RALLY'S M 2 017841-RALLY'S 42.50 2.76 45.26 DUV1 6.500
INVOICE TOTAL............... 42.50 2.76 45.26 **
RA0914-0000 017951-RALLY'S M 2 017764-RALLY'S 42.50 2.76 45.26 DUV1 6.500
INVOICE TOTAL............... 42.50 2.76 45.26 **
RA0934-0000 017951-RALLY'S M 2 017925-RALLY'S 42.50 2.76 45.26 DUV1 6.500
INVOICE TOTAL............... 42.50 2.76 45.26 **
RA0944-0000 017951-RALLY'S M 2 017962-RALLY'S 42.50 2.98 45.48 CLA1 7.000
INVOICE TOTAL............... 42.50 2.98 45.48 **
RA0964-0000 017951-RALLY'S M 2 018314-RALLY'S #7 42.50 2.76 45.26 DUV1 6.500
INVOICE TOTAL............... 42.50 2.76 45.26 **
RA1114-0000 017951-RALLY'S M 2 020312-RALLY'S 25.00 1.63 26.63 DUV1 6.500
INVOICE TOTAL............... 25.00 1.63 26.63 **
RE0115-0000 019492-REGENCY MAZDA M 1 019492-REGENCY MAZDA 53.50 3.21 56.71 ALA1 6.000
INVOICE TOTAL............... 53.50 3.21 56.71 **
RE0120-0000 0020735-RED BARN BBQ M 1 020735-RED BARN BBQ 57.50 3.74 61.24 DUV1 6.500
INVOICE TOTAL............... 57.50 3.74 61.24 **
RE0125-0000 019491-REGENCY NISSAN M 1 019491-REGENCY NISSAN 53.50 3.21 56.71 ALA1 6.000
INVOICE TOTAL............... 53.50 3.21 56.71 **
RE0150-0000 002331-MEMORIAL HOSPITAL M 1 002331-MEMORIAL HOSPITAL 70.00 4.55 74.55 DUV1 6.500
INVOICE TOTAL............... 70.00 4.55 74.55 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 66
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
RE0160-0000 020619-REGENCY HARLEY DAVIDSON M 1 020619-REGENCY HARLEY DAVIDSON 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
RE0210-0000 019135-MUZAK/REVCO M 2 019100-REVCO DRUG STORE #01246 30.00 .00 30.00 GLY0 .000
INVOICE TOTAL............... 30.00 .00 30.00 **
RE0220-0000 019135-MUZAK/REVCO M 2 019099-REVCO DRUG STORE #01567 30.00 .00 30.00 GLY0 .000
INVOICE TOTAL............... 30.00 .00 30.00 **
RE0230-0000 019135-MUZAK/REVCO M 2 019095-REVCO DRUG STORE #04294 30.00 .00 30.00 APP0 .000
INVOICE TOTAL............... 30.00 .00 30.00 **
RE0240-0000 019135-MUZAK/REVCO M 2 019097-REVCO DRUG STORE #02737 30.00 .00 30.00 CAM0 .000
INVOICE TOTAL............... 30.00 .00 30.00 **
RE0250-0000 019135-MUZAK/REVCO M 2 020817-REVCO DRUG STORE #1337 30.00 .00 30.00 GLY1 .000
INVOICE TOTAL............... 30.00 .00 30.00 **
RE0253-0000 019135-MUZAK/REVCO M 2 019098-REVCO DRUG STORE #01575 30.00 .00 30.00 GLY0 .000
INVOICE TOTAL............... 30.00 .00 30.00 **
RE0260-0000 019135-MUZAK/REVCO M 2 021068-REVCO #1571 30.00 .00 30.00 JEF0 .000
INVOICE TOTAL............... 30.00 .00 30.00 **
RE0263-0000 019135-MUZAK/REVCO M 2 019096-REVCO DRUG STORE #02684 30.00 .00 30.00 WAY0 .000
INVOICE TOTAL............... 30.00 .00 30.00 **
RE0313-0000 019135-MUZAK/REVCO M 2 019101-REVCO DRUG STORE #01206 30.00 .00 30.00 GLY0 .000
INVOICE TOTAL............... 30.00 .00 30.00 **
RE0400-0000 014150-R S PROPERTIES THREE M 2 007910-REGENCY SQUARE MALL PROPERTY 85.00 5.53 90.53 DUV1 6.500
INVOICE TOTAL............... 85.00 5.53 90.53 **
RE0410-0000 019712-REFLECT-A-LIGHT M 1 019712-REFLECT-A-LIGHT 62.05 3.72 65.77 PUT1 6.000
INVOICE TOTAL............... 62.05 3.72 65.77 **
RE0450-0000 017738-REGENCY PARK SHOPPING CTR M 2 014155-REGENCY PARK SHOPPING CTR 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
RE0500-0000 014160-REGENCY TOWER NOMINEE TRUST M 2 007920-BARNETT REGENCY TOWER 69.00 4.49 73.49 DUV1 6.500
INVOICE TOTAL............... 69.00 4.49 73.49 **
RH0107-0000 019926-RHEINAUERS #5 M 1 019926-RHEINAUERS #5 120.00 7.20 127.20 MAR1 6.000
INVOICE TOTAL............... 120.00 7.20 127.20 **
RH0114-0000 020917-OSBORNE SOUND/RHODES M 2 017815-RHODES FURNITURE CO. 93.00 6.51 99.51 CLA1 7.000
INVOICE TOTAL............... 93.00 6.51 99.51 **
RH0120-0000 020917-OSBORNE SOUND/RHODES M 2 020836-RHODES FURNITURE 93.00 6.05 99.05 DUV1 6.500
INVOICE TOTAL............... 93.00 6.05 99.05 **
RH0130-0000 020917-OSBORNE SOUND/RHODES M 2 020846-RHODES FURNITURE 93.00 5.58 98.58 ALA1 6.000
INVOICE TOTAL............... 93.00 5.58 98.58 **
RH0200-0000 020917-OSBORNE SOUND/RHODES M 2 014180-RHODES FURNITURE 93.00 6.05 99.05 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 67
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 93.00 6.05 99.05 **
RH0300-0000 020917-OSBORNE SOUND/RHODES M 2 014185-RHODES FURNITURE 93.00 6.05 99.05 DUV1 6.500
INVOICE TOTAL............... 93.00 6.05 99.05 **
RI0040-0000 002581-RICH SEA PAK CORPORATION M 1 002581-RICH SEA PAK CORPORATION 135.00 .00 135.00 GLY0 .000
INVOICE TOTAL............... 135.70 .00 135.00 **
RI0100-0000 014205-RING POWER CORPORATION M 1 014205-RING POWER CORPORATION 289.00 18.79 307.79 DUV1 6.500
INVOICE TOTAL............... 289.00 18.79 307.79 **
RI0107-0000 019927-RIVER BOAT STEAKHOUSE M 1 019927-RIVER BOAT STEAKHOUSE 112.50 6.75 119.25 MAR1 6.000
INVOICE TOTAL............... 112.50 6.75 119.25 **
RI0110-0001 019507-RITZ CARLTON M 5 019507-HOTEL 320.00 19.20 339.20 NAS1 6.000
RI0110-0002 019507-RITZ CARLTON M 5 020522-BAR & GRILLE 50.00 3.00 53.00 NAS1 6.000
RI0110-0003 019507-RITZ CARLTON M 5 020864-WAITING LOUNGE 165.00 9.90 174.90 NAS1 6.000
INVOICE TOTAL............... 535.00 32.10 567.10 **
RI0120-0000 019749-RICH'S BAR-B-QUE M 1 019749-RICH'S BAR-B-QUE 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
RI0130-0000 020375-RIVER CITY BREWERY M 1 020375-RIVER CITY BREWERY 165.00 10.73 175.73 DUV1 6.500
INVOICE TOTAL............... 165.00 10.73 175.73 **
RI0140-0000 021005-RICH'S BBQ M 1 021005-RICH'S BBQ 58.00 3.77 61.77 DUV1 6.500
INVOICE TOTAL............... 58.00 3.77 61.77 **
RI0150-0000 018172-RIVER PLACE SHOPPING CENTER M 2 018724-RIVER PLACE SHOPPING CENTER 82.50 5.36 87.86 DUV1 6.500
INVOICE TOTAL............... 82.50 5.36 87.86 **
RI0160-0000 020445-RICH'S BBQ M 1 020445-RICH'S BBQ 58.00 4.06 62.06 CLA1 7.000
INVOICE TOTAL............... 58.00 4.06 62.06 **
RI0170-0000 021144-RICH'S BAR-B-Q M 1 021144-RICH'S BAR-B-Q 73.00 4.75 77.75 DUV1 6.500
INVOICE TOTAL............... 73.00 4.75 77.75 **
RI0200-0000 000920-RIVERSIDE CLINIC M 1 000920-RIVERSIDE CLINIC 75.00 4.88 79.88 DUV1 6.500
INVOICE TOTAL............... 75.00 4.88 79.88 **
RI0300-0000 014215-RIVERSIDE HOSPITAL M 1 014215-RIVERSIDE HOSPITAL 71.17 .00 71.17 DUV0 .000
INVOICE TOTAL............... 71.17 .00 71.17 **
RO0100-0000 020050-ROOMS TO GO M 2 020600-ROOMS TO GO 65.00 4.55 69.55 CLA1 7.000
INVOICE TOTAL............... 65.00 4.55 69.55 **
RO0103-0000 014220-GOLDEN ISLES DENTAL ASSOC. M 1 014220-GOLDEN ISLES DENTAL ASSOC. 46.59 .00 46.59 GLY0 .000
INVOICE TOTAL............... 46.59 .00 46.59 **
RO0107-0000 020050-ROOMS TO GO M 2 019928-ROOMS TO GO 65.00 3.90 68.90 MAR1 6.000
INVOICE TOTAL............... 65.00 3.90 68.90 **
RO0144-0000 018636-ROSENBLUMS M 1 018636-ROSENBLUMS 75.00 4.88 79.88 DUV1 6.500
INVOICE TOTAL............... 75.00 4.88 79.88 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 68
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
R00200-0000 020050-ROOMS TO GO M 2 020598-ROOMS TO GO 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
ROO207-0000 019929-ROTSTEIN, DR. MICHAEL M 1 019929-ROTSTEIN, DR. MICHAEL 36.80 2.21 39.01 MAR1 6.000
INVOICE TOTAL............... 36.80 2.21 39.01 **
R00210-0000 020050-ROOMS TO GO M 2 020620-ROOMS TO GO 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
ROO250-0000 021110-ROCKY'S RIBS M 1 021110-ROCKY'S RIBS 45.00 2.70 47.70 ALA1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
R00300-0000 014245-ROOSEVELT MALL M 1 014245-ROOSEVELT MALL 178.50 11.60 190.10 DUV1 6.500
INVOICE TOTAL............... 178.50 11.60 190.10 **
R00500-0000 014250-ROYAL SERVICES, INC. M 1 014250-ROYAL SERVICES, INC. 57.48 3.74 61.22 DUV1 6.500
INVOICE TOTAL............... 57.48 3.74 61.22 **
RS0100-0000 019108-R S & H, INC. M 1 019108-R S & H, INC. 145.00 9.43 154.43 DUV1 6.500
INVOICE TOTAL............... 145.00 9.43 154.43 **
RY0040-0000 017581-RYAN'S CORPORATE OFFICE M 2 002647-RYAN'S #6 43.75 2.84 46.59 DUV1 6.500
INVOICE TOTAL............... 43.75 2.84 46.59 **
RY0050-0000 017581-RYAN'S CORPORATE OFFICE M 2 014265-RYAN'S #1 43.75 2.84 46.59 DUV1 6.500
INVOICE TOTAL............... 43.75 2.84 46.59 **
RY0060-0000 017581-RYAN'S CORPORATE OFFICE M 2 014270-RYAN'S #2 43.75 2.84 46.59 DUV1 6.500
INVOICE TOTAL............... 43.75 2.84 46.59 **
RY0070-0000 017581-RYAN'S CORPORATE OFFICE M 2 014275-RYAN'S #3 43.75 2.84 46.59 DUV1 6.500
INVOICE TOTAL............... 43.75 2.84 46.59 **
RY0080-0000 017581-RYAN'S CORPORATE OFFICE M 2 014280-RYAN'S #4 43.75 3.06 46.81 CLA1 7.000
INVOICE TOTAL............... 43.75 3.06 46.81 **
RY0090-0000 017581-RYAN'S CORPORATE OFFICE M 2 014285-RYAN'S #5 43.75 2.84 46.59 DUV1 6.500
INVOICE TOTAL............... 43.75 2.84 46.59 **
RY0107-0000 017581-RYAN'S CORPORATE OFFICE M 2 019930-RYAN'S #108 43.75 2.63 46.38 MAR1 6.000
INVOICE TOTAL............... 43.75 2.63 46.38 **
RY0110-0000 017581-RYAN'S CORPORATE OFFICE M 2 017365-RYAN'S #8 47.00 3.06 50.06 DUV1 6.500
INVOICE TOTAL............... 47.00 3.06 50.06 **
RY0124-0000 017581-RYAN'S CORPORATE OFFICE M 2 017915-RYAN'S #14 43.75 2.63 46.38 ALA1 6.000
INVOICE TOTAL............... 43.75 2.63 46.38 **
RY0130-0000 017581-RYAN'S CORPORATE OFFICE M 2 019264-RYAN'S #127 43.75 2.63 46.38 COL1 6.000
INVOICE TOTAL............... 43.75 2.63 46.38 **
RY0190-0000 020730-RYAN'S OF BRUNSWICK M 1 020730-RYAN'S OF BRUNSWICK 47.00 .00 47.00 GLY1 .000
INVOICE TOTAL............... 47.00 .00 47.00 **
SA0100-0000 014305-6 S&S CAFETERIA M 1 014305-S & S CAFETERIA 48.91 3.18 52.09 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 69
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 48.91 3.18 52.09 **
SA0124-0000 021142-SATURN M 2 019782-SATURN OF ORANGE PARK 62.50 4.06 66.56 DUV1 6.500
INVOICE TOTAL............... 62.50 4.06 66.56 **
SA0130-0000 021142-SATURN M 2 020927-SATURN OF THE AVENUES 92.00 5.98 97.98 DUV1 6.500
INVOICE TOTAL............... 92.00 5.98 97.98 **
SA0150-0000 020434-SALTY'S M 1 020434-SALTY'S 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
SA0154-0000 018762-SAM'S ST. JOHNS SEAFOOD M 1 018762-SAM'S ST. JOHNS SEAFOOD 60.00 3.90 63.90 DUV1 6.500
INVOICE TOTAL............... 60.00 3.90 63.90 **
SA0164-0000 021142-SATURN M 2 019123-SATURN OF REGENCY 87.00 5.66 92.66 DUV1 6.500
INVOICE TOTAL............... 87.00 5.66 92.66 **
SA0170-0000 020848-SAFECARD SERVICES M 2 020768-SAFECARD SERVICES, INC. 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
SA0174-0000 019000-IRT PROPERTY COMPANY M 2 018850-SANDCASTLE/SOUTH BEACH 122.50 7.96 130.46 DUV1 6.500
INVOICE TOTAL............... 122.50 7.96 130.46 **
SA0184-0000 020223-SAM'S ST. JOHNS SEAFOOD M 1 020223-SAM'S ST. JOHNS SEAFOOD 65.00 3.90 68.90 MAR1 6.000
INVOICE TOTAL............... 65.00 3.90 68.90 **
SA0310-0000 002239-SANTA MARIA RESTAURANT M 1 002239-SANTA MARIA RESTAURANT 240.42 14.43 254.85 STJ1 6.000
INVOICE TOTAL............... 240.42 14.43 254.85 **
SA0510-0000 002562-ST. LUKE'S HOSPITAL M 1 002562-ST. LUKE'S HOSPITAL 65.00 .00 65.00 DUVO .000
INVOICE TOTAL............... 65.00 .00 65.00 **
SA0620-0000 002251-ST. VINCENT DEPAUL M 2 017094-ST. VINCENT DEPAUL 50.00 3.25 53.25 DUV1 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
SA0703-0000 019354-ST. SIMON'S ISLAND CLUB M 1 019354-ST. SIMON'S ISLAND CLUB 70.00 .00 70.00 GLY1 .000
INVOICE TOTAL............... 70.00 .00 70.00 **
SA0800-0000 000700-SAN JOSE COUNTRY CLUB M 1 000700-SAN JOSE COUNTRY CLUB 282.00 18.33 300.33 DUV1 6.500
INVOICE TOTAL............... 282.00 18.33 300.33 **
SA1200-0001 008135-SAWGRASS BEACH CLUB M 1 008135-SAWGRASS BEACH CLUB 195.00 11.70 206.70 STJ1 6.000
INVOICE TOTAL............... 195.00 11.70 206.70 **
SA1300-0000 008140-ARVIDA / SAWGRASS ADM. BLDG. M 1 008140-ARVIDA / SAWGRASS ADM. BLDG. 46.59 2.80 49.39 STJ1 6.000
INVOICE TOTAL............... 46.59 2.80 49.39 **
SA1400-0000 000689-SAWYER GAS M 1 000689-SAWYER GAS 39.30 2.55 41.85 DUV1 6.500
INVOICE TOTAL............... 39.30 2.55 41.85 **
SA1500-0000 017224-IML PROPERTIES-SAWGRASS VILLAG M 1 017224-IML PROPERTIES-SAWGRASS VILLAG 129.50 7.77 137.27 STJ1 6.000
INVOICE TOTAL............... 129.50 7.77 137.27 **
SA1550-0000 020911-SAWGRASS POOL & ACTIVITIES M 1 020911-SAWGRASS POOL & ACTIVITIES 185.00 11.10 196.10 STJ1 6.000
INVOICE TOTAL............... 185.00 11.10 196.10 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 70
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
SC0100-0000 020651-MUZAK/SCOTTY'S M 3 020542-#12 40.00 .00 40.00 ALA0 .000
020543-#28 40.00 .00 40.00 COL0 .000
020544-#49 40.00 .00 40.00 DUV0 .000
020545-#58 40.00 .00 40.00 CLA0 .000
020546-#75 40.00 .00 40.00 DUV0 .000
020548-#83 40.00 .00 40.00 MAR0 .000
020549-#004644 40.00 .00 40.00 DUV0 .000
020550-#109 40.00 .00 40.00 NAS0 .000
020551-#112 40.00 .00 40.00 DUV0 .000
020552-#117 40.00 .00 40.00 MAR0 .000
020553-#120 40.00 .00 40.00 ALA0 .000
020554-#131 40.00 .00 40.00 DUV0 .000
020715-#138 40.00 .00 40.00 STJ0 .000
020752-#137 40.00 .00 40.00 DUV0 .000
020764-#136 40.00 .00 40.00 PUT0 .000
INVOICE TOTAL............... 600.00 .00 600.00 **
SC0113-0000 019124-SCHELL & HOGAN M 1 019124-SCHELL & HOGAN 86.00 .00 86.00 GLY1 .000
INVOICE TOTAL............... 86.00 .00 86.00 **
SE0010-0000 017400-SEAFOOD KITCHEN RESTAURANT M 1 017400-SEAFOOD KITCHEN RESTAURANT 49.50 3.22 52.72 DUV1 6.500
INVOICE TOTAL............... 49.50 3.22 52.72 **
SE0103-0000 014405-SEA ISLAND COMPANY (CLOISTER) M 1 014405-SEA ISLAND COMPANY (CLOISTER) 106.48 .00 106.48 GLY0 .000
INVOICE TOTAL............... 106.48 .00 106.48 **
SE0107-0000 019932-SEARS M 1 019932-SEARS 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
SE0110-0000 014400-SEA LAND SERVICE INC. M 2 018096-SEA-LAND SERVICE 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
SE0113-0000 019280-SEA ISLAND GOLF CLUB M 1 019280-SEA ISLAND GOLF CLUB 35.00 .00 35.00 GLY1 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
SE0120-0000 014485-MUZAK/SERVICE MERCHANDISE M 3 017428-#281 35.00 .00 35.00 ALA0 .000
019583-#166 35.00 .00 35.00 DUV0 .000
019977-OCALA 35.00 .00 35.00 MAR0 .000
020162-#172 35.00 .00 35.00 DUV0 .000
020714-#230 35.00 .00 35.00 DUV0 .000
INVOICE TOTAL............... 175.00 .00 175.00 **
SE0130-0000 020457-SEAFOOD GALORE M 2 020421-SEAFOOD GALORE 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
SE0140-0000 000083-SEA TURTLE M 1 000083-SEA TURTLE 559.03 36.34 595.37 DUV1 6.500
INVOICE TOTAL............... 559.03 36.34 595.37 **
SE0150-0000 021149-SEARS SERVICE CENTER M 1 021149-SEARS SERVICE CENTER 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
SE0213-0000 014425-SEA PALMS RESORT M 1 014425-SEA PALMS RESORT 35.00 .00 35.00 GLY0 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
SE0313-0000 014435-SEARS, ROEBUCK & CO. M 1 014435-SEARS, ROEBUCK & CO. 41.97 .00 41.97 GLY1 .000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 71
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 41.97 .00 41.97 **
SE0450-0000 014440-SEARS, ROEBUCK & CO. M 1 014440-SEARS, ROEBUCK & CO. 46.16 3.00 49.16 DUV1 6.500
INVOICE TOTAL............... 46.16 3.00 49.16 **
SE0500-0000 014445-SEARS, ROEBUCK & CO. M 1 014445-SEARS, ROEBUCK & CO. 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
SE0604-0000 014450-SEARS, ROEBUCK & CO. M 1 014450-SEARS, ROEBUCK & CO. 57.06 3.99 61.05 CLA1 7.000
INVOICE TOTAL............... 57.06 3.99 61.05 **
SE0804-0000 014460-SEARS LOGISTIC SERVICES M 1 014460-SEARS LOGISTIC SERVICES 56.42 3.67 60.09 DUV1 6.500
INVOICE TOTAL............... 56.42 3.67 60.09 **
SE0850-0000 017132-SEASIDE MARKET M 1 017132-SEASIDE MARKET 42.35 2.96 45.31 FLG1 7.000
INVOICE TOTAL............... 42.35 2.96 45.31 **
SE1000-0000 014475-SELVA MARINA COUNTRY CLUB M 1 014475-SELVA MARINA COUNTRY CLUB 128.50 8.35 136.85 DUV1 6.500
INVOICE TOTAL............... 128.50 8.35 136.85 **
SH0094-0000 014495-PAUL WEST FORD M 1 014495-PAUL WEST FORD 109.67 6.58 116.25 ALA1 6.000
INVOICE TOTAL............... 109.67 6.58 116.25 **
SH0104-0000 019587-SHOPPES OF NORTHSHORE M 2 019561-SHOPPES OF NORTHSHORE 53.00 3.45 56.45 DUV1 6.500
INVOICE TOTAL............... 53.00 3.45 56.45 **
SH0130-0000 020807-SHANDS HOME CARE M 1 020807-SHANDS HOME CARE 45.00 .00 45.00 DUV0 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
SH0160-0000 020791-SHANDS HOME HEALTH CARE M 1 020791-SHANDS HOME HEALTH CARE 45.00 .00 45.00 MAR0 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
SH0203-0001 019460-SHONEY'S INC. M 2 008275-SHONEY'S - BRUNSWICK 38.00 .00 38.00 GLY1 .000
INVOICE TOTAL............... 38.00 .00 38.00 **
SH0213-0000 017151-SHONEY'S M 2 008981-SHONEY'S 38.00 .00 38.00 GLY1 .000
INVOICE TOTAL............... 38.00 .00 38.00 **
SH0220-0000 018857-SHONEY'S M 2 017747-SHONEY'S 98.00 5.88 103.88 NAS1 6.000
INVOICE TOTAL............... 98.00 5.88 103.88 **
SH0300-0000 000447-HOWARD JOHNSONS - ANASTASIA M 1 000447-HOWARD JOHNSONS - ANASTASIA 128.33 7.70 136.03 STJ1 6.000
INVOICE TOTAL............... 128.33 7.70 136.03 **
SH0403-0000 019460-SHONEY'S INC. M 2 008300-SHONEY'S #1133 38.00 .00 38.00 WAR0 .000
INVOICE TOTAL............... 38.00 .00 38.00 **
SH0410-0000 017595-SHERATON PALM COAST RESORT M 2 017502-SHERATON PALM COAST 348.63 24.40 373.03 FLG1 7.000
INVOICE TOTAL............... 348.63 24.40 373.03 **
SH0500-0000 014535-DAYS INN OCEANFRONT RESORT M 1 014535-DAYS INN OCEANFRONT RESORT 43.00 2.80 45.80 DUV1 6.500
INVOICE TOTAL............... 43.00 2.80 45.80 **
SH0550-0000 011695-SHERLON INVESTMENT CORP. M 1 011695-SHERLON INVESTMENT CORP. 126.78 8.24 135.02 DUV1 6.500
INVOICE TOTAL............... 126.78 8.24 135.02 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 72
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
SH0600-0000 014540-MARINA HOTEL M 1 014540-MARINA HOTEL 240.00 15.60 255.60 DUV1 6.500
INVOICE TOTAL............... 240.00 15.60 255.60 **
SI0107-0000 019933-SIMMS FURNITURE MART M 1 019933-SIMMS FURNITURE MART 40.00 2.40 42.40 MAR1 6.000
INVOICE TOTAL............... 40.00 2.40 42.40 **
SI0110-0000 020387-DENNY SILVA, P.C. M 1 020387-DENNY SILVA, P.C. 55.00 .00 55.00 GLY1 .000
INVOICE TOTAL............... 55.00 .00 55.00 **
SI0140-0000 021096-SIERRA GRILLE, INC. M 1 021096-SIERRA GRILLE, INC. 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
SK0100-0000 020187-SKYLINE SINGLEWIDE DIVISION M 2 020172-SKYLINE SINGLEWIDE DIVISION 75.00 4.50 79.50 MAR1 6.000
INVOICE TOTAL............... 75.00 4.50 79.50 **
SO0107-0000 019934-SONNY'S M 1 019934-SONNY'S 55.00 3.30 58.30 MAR1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
SO0140-0000 020865-SOUTHERN BELL BUSINESS M 1 020865-SOUTHERN BELL BUSINESS 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
SO0200-0000 002052-SONNY'S M 2 002295-SONNY'S 77.00 5.01 82.01 DUV1 6.500
INVOICE TOTAL............... 77.00 5.01 82.01 **
SO0207-0000 019935-SONNY'S M 1 019935-SONNY'S 55.00 3.30 58.30 MAR1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
SO0307-0000 021057-SOUTHTRUST BANK CENTRAL FLA M 2 019936-SOUTH TRUST BANK 55.00 3.30 58.30 MAR1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
SO0407-0000 021057-SOUTHTRUST BANK CENTRAL FLA M 2 019937-SOUTH TRUST BANK 50.00 3.00 53.00 MAR1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
SO0410-0000 020862-SONNY'S M 2 020656-SONNY'S BBQ 50.00 3.00 53.00 MAR1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
SO0507-0000 021057-SOUTHTRUST BANK CENTRAL FLA M 2 019938-SOUTH TRUST BANK 50.00 3.00 53.00 MAR1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
SO0600-0000 000735-SONNY'S M 2 002322-SONNY'S 77.00 5.01 82.01 DUV1 6.500
INVOICE TOTAL............... 77.00 5.01 82.01 **
SO0607-0000 019939-SOUTH TRUST BANK M 1 019939-SOUTH TRUST BANK 80.00 4.80 84.80 MAR1 6.000
INVOICE TOTAL............... 80.00 4.80 84.80 **
SO0700-0000 018368-SOUTH BLANDING VILLAGE M 2 018133-SOUTH BLANDING VILLAGE 72.50 5.08 77.58 CLA1 7.000
INVOICE TOTAL............... 72.50 5.08 77.58 **
SO0900-0000 001072-SONNY'S M 1 001072-SONNY'S 77.00 4.62 81.62 PUT1 6.000
INVOICE TOTAL............... 77.00 4.62 81.62 **
SO1010-0000 002240-SONNY'S M 1 002240-SONNY'S 180.00 10.80 190.80 NAS1 6.000
INVOICE TOTAL............... 180.00 10.80 190.80 **
SO1020-0000 002052-SONNY'S M 2 002289-SONNY'S 77.00 5.01 82.01 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 73
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 77.00 5.01 82.01 **
SO1030-0000 002052-SONNY'S M 1 002052-SONNY'S 77.00 5.39 82.39 CLA1 7.000
INVOICE TOTAL............... 77.00 5.39 82.39 **
SO1040-0000 021010-COASTAL BBQ DEVELOPMENT M 2 020823-SONNY'S 180.00 .00 180.00 CAM1 .000
INVOICE TOTAL............... 180.00 .00 180.00 **
SO1044-0000 015925-SONNY'S REAL PIT BBQ M 2 002408-SONNY'S 74.00 4.44 78.44 ALA1 6.000
INVOICE TOTAL............... 74.00 4.44 78.44 **
SO1050-0000 000735-SONNY'S M 2 000003-SONNY'S 77.00 5.01 82.01 DUV1 6.500
INVOICE TOTAL............... 77.00 5.01 82.01 **
SO1053-0000 015930-SONNY'S OF BRUNSWICK M 1 015930-SONNY'S OF BRUNSWICK 125.00 .00 125.00 GLY1 .000
INVOICE TOTAL............... 125.00 .00 125.00 **
SO1054-0000 015925-SONNY'S REAL PIT BBQ M 2 000120-SONNY'S 74.00 4.44 78.44 ALA1 6.000
INVOICE TOTAL............... 74.00 4.44 78.44 **
SO1060-0000 019065-SONNY'S M 2 002507-SONNY'S 67.50 4.05 71.55 COL1 6.000
INVOICE TOTAL............... 67.50 4.05 71.55 **
S01070-0000 019314-T-FOODS INC. M 2 001401-SONNY'S 77.00 4.62 81.62 ALA1 6.000
INVOICE TOTAL............... 77.00 4.62 81.62 **
SO1080-0000 019722-BAR-B-QUE DEVELOPMENT CORP M 2 000790-SONNY'S 77.00 5.01 82.01 DUV1 6.500
INVOICE TOTAL............... 77.00 5.01 82.01 **
SO1090-0000 019722-BAR-B-QUE DEVELOPMENT CORP M 2 020096-SONNY'S 77.00 5.01 82.01 DUV1 6.500
INVOICE TOTAL............... 77.00 5.01 82.01 **
SO1104-0000 002639-SOUTHEASTERN ALUMINUM M 1 002639-SOUTHEASTERN ALUMINUM 121.58 7.90 129.48 DUV1 6.500
INVOICE TOTAL............... 121.58 7.90 129.48 **
SO1200-0000 020484-SO. BELL BUS. M 1 020484-SO. BELL BUS. CUST. ADVOCATE 55.00 3.58 58.58 DUV1 6.500
CUST. ADVOCATE INVOICE TOTAL............... 55.00 3.58 58.58 **
SO1300-0000 020486-BELL SOUTH M 1 020486-BELL SOUTH 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
SO1500-0001 017783-SOUTHERN BELL M 5 008435-EMERSON/MARKET 134.31 .00 134.31 DUV0 .000
SO1500-0002 017783-SOUTHERN BELL M 5 008440-EMER/SE MAINT. 80.86 .00 80.86 DUV0 .000
SO1500-0003 017783-SOUTHERN BELL M 5 008445-EMER/DIST NETWO 90.75 .00 90.75 DUV0 .000
SO1500-0004 017783-SOUTHERN BELL M 5 008450-EMER/CRSAB 88.33 .00 88.33 DUV0 .000
INVOICE TOTAL............... 394.25 .00 394.25 **
SO1604-0000 018387-BELLSOUTH M 1 018287-BELLSOUTH 147.00 8.82 155.82 ALA1 6.000
INVOICE TOTAL............... 147.00 8.82 155.82 **
SPO100-0000 012515-SPIRES IGA M 1 012515-SPIKES IGA 77.50 5.43 82.93 UNI1 7.000
INVOICE TOTAL............... 77.50 5.43 82.93 **
SPO110-0000 020951-SPRINGMAID WAMSUTTA #142 M 1 020951-SPRINGMAID WAMSUTTA #142 75.00 .00 75.00 MCI1 .000
INVOICE TOTAL............... 75.00 .00 75.00 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 74
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
SP0130-0000 020643-SPRINT UNITED TELEPHONE M 1 020643-SPRINT UNITED TELEPHONE 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
SP0200-0000 019833-SPRINT M 2 019829-SPRINT 100.00 6.50 106.50 DUV1 6.500
INVOICE TOTAL............... 100.00 6.50 106.50 **
ST0020-0000 020519-MUZAK/STATE FARM M 2 020069-STATE FARM INSURANCE COMPANY 720.00 .00 720.00 A GLY0 .000
INVOICE TOTAL............... 720.00 .00 720.00 **A
ST0054-0000 002462-BARNETT RECOVERY CORPORATION M 1 002462-BARNETT RECOVERY CORPORATION 175.00 11.38 186.38 DUV1 6.500
INVOICE TOTAL............... 175.00 11.38 186.38**
ST0080-0000 020519-MUZAK/STATE FARM M 2 018390-STATE FARM INSURANCE COMPANY 540.00 .00 540.00 A DUV0 .000
INVOICE TOTAL............... 540.00 .00 540.00 **A
ST0084-0000 020369-STEAK N SHAKE M 2 014700-STEAK N SHAKE 65.00 3.90 68.90 ALA1 6.000
INVOICE TOTAL............... 65.00 3.90 68.90 **
ST0090-0000 020519-MUZAK/STATE FARM M 2 019053-STATE FARM MUTUAL INS. CO. 540.00 .00 540.00 A DUV0 .000
INVOICE TOTAL............... 540.00 .00 540.00 **A
ST0100-0000 020959-MUZAK/STEIN MART M 2 016365-STEIN MART #0008 53.00 .00 53.00 DUV0 .000
INVOICE TOTAL............... 53.00 .00 53.00 **
ST0104-0000 020959-MUZAK/STEIN MART M 2 018867-STEIN MART #0037 53.00 .00 53.00 DUV0 .000
INVOICE TOTAL............... 53.00 .00 53.00 **
ST0107-0000 020519-MUZAK/STATE FARM M 2 019940-STATE FARM INSURANCE 540.00 .00 540.00 A MAR0 .000
INVOICE TOTAL............... 540.00 .00 540.00 **A
ST0110-0000 019196-BROADWAY BLUES INC. M 2 019148-STONE MOUNTAIN HANDBAGS 37.50 2.25 39.75 GTJ1 6.000
INVOICE TOTAL............... 37.50 2.25 39.75 **
ST0114-0000 017336-STEVE HULL CHEVROLET, INC. M 1 017336-STEVE HULL CHEVROLET, INC. 53.50 3.48 56.98 DUV1 6.500
INVOICE TOTAL............... 53.50 3.48 56.98 **
ST0115-0000 020519-MUZAK/STATE FARM M 2 019423-STATE FARM INSURANCE COMPANY 720.00 .00 720.00 A ALA0 .000
INVOICE TOTAL............... 720.00 .00 720.00 **A
ST0120-0000 020965-STONE MOUNTAIN HANDBAGS M 1 020965-STONE MOUNTAIN HANDBAGS 37.50 .00 37.50 MCI1 .000
INVOICE TOTAL............... 37.50 .00 37.50 **
ST0124-0000 017306-ST. JOHN'S SEAFOOD M 1 017306-ST. JOHN'S SEAFOOD 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
ST0130-0000 020511-STEVE'S ITALIAN KITCHEN M 1 020511-STEVE'S ITALIAN KITCHEN 59.00 3.54 62.54 STJ1 6.000
INVOICE TOTAL............... 59.00 3.54 62.54 **
ST0134-0000 014705-SAM'S ST. JOHNS SEAFOOD M 1 014705-SAM'S ST. JOHNS SEAFOOD 55.00 3.85 58.85 CLA1 7.000
INVOICE TOTAL............... 55.00 3.85 58.85 **
ST0140-0002 020117-STRICKLAND'S SEAFOOD M 1 020117-STRICKLAND'S SEAFOOD 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
ST0150-0000 020889-MUZAK/STAPLES M 2 020653-STAPLES #235 40.00 .00 40.00 MAR0 .000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 75
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 40.00 .00 40.00 **
ST0154-0000 018650-ST. JOHNS SEAFOOD M 1 018650-ST. JOHNS SEAFOOD 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
ST0160-0000 020638-ST. AUGUSTINE AIRPORT M 1 020638-ST. AUGUSTINE AIRPORT 45.00 2.70 47.70 STJ1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
ST0164-0000 018651-ST. JOHNS SEAFOOD M 1 018651-ST. JOHNS SEAFOOD 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
ST0174-0000 019006-ST. JOHNS SEAFOOD #4 M 1 019006-ST. JOHNS SEAFOOD #4 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
ST0175-0000 020369-STEAK N SHAKE M 2 020271-STEAK N SHAKE 65.00 3.90 68.90 MAR1 6.000
INVOICE TOTAL............... 65.00 3.90 68.90 **
ST0184-0000 019804-ST. JOHN'S SEAFOOD M 1 019804-ST. JOHN'S SEAFOOD 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
ST0204-0000 020370-STUCKEY'S M 2 016375-STUCKEY'S PECAN SHOPPE 35.00 2.10 37.10 STJ1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
ST0350-0000 017674-BANCBOSTON MORTGAGE CORP. M 1 017674-BANCBOSTON MORTGAGE CORP. 264.00 17.16 281.16 DUV1 6.500
INVOICE TOTAL............... 264.00 17.16 281.16 **
ST0400-0000 020429-BARNETT TECHNOLOGIES INC. M 2 008545-BARNETT BANK - LAKE CITY 122.58 7.35 129.93 COL1 6.000
INVOICE TOTAL............... 122.58 7.35 129.93 **
ST0404-0000 017093-STUCKEY'S PECAN SHOPPE M 1 017093-STUCKEY'S PECAN SHOPPE 50.00 3.00 53.00 NAS1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
ST0504-0000 014665-STATE ATTORNEY'S OFFICE M 1 014665-STATE ATTORNEY'S OFFICE 130.16 .00 130.16 DUV0 .000
INVOICE TOTAL............... 130.16 .00 130.16 **
ST0560-0000 020519-MUZAK/STATE FARM M 1 020599-STATE FARM INSURANCE COMPANY 720.00 .00 720.00 A CLA0 .000
INVOICE TOTAL............... 720.00 .00 720.00 **A
ST0710-0000 020959-MUZAK/STEIN MART M 2 016370-STEIN MART #0016 53.00 .00 53.00 DUV0 .000
INVOICE TOTAL............... 53.00 .00 53.00 **
ST0900-0000 001021-MILLER'S #2867 M 1 008595-MILLER'S #2867 (STOP & SHOP) 86.45 5.19 91.64 PUT1 6.000
INVOICE TOTAL............... 86.45 5.19 91.64 **
ST1114-0000 020959-MUZAK/STEIN MART M 2 019520-STEIN MART #0045 53.00 .00 53.00 DUV0 .000
INVOICE TOTAL............... 53.00 .00 53.00 **
SU0100-0000 019694-SURETY ASSOCIATES, INC. M 1 019694-SURETY ASSOCIATES, INC. 87.50 5.69 93.19 DUV1 6.500
INVOICE TOTAL............... 87.50 5.69 93.19 **
SU0107-0000 021154-SUNTRUST BANK M 2 019942-SUNTRUST BANK, INC. 59.00 3.54 62.54 MAR1 6.000
INVOICE TOTAL............... 59.00 3.54 62.54 **
SU0110-0000 020702-SULLIVAN PONTIAC CADILLAC GMC M 2 020681-SULLIVAN PONTIAC GMC TRUCK 55.00 3.30 58.30 MAR1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 76
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
SU0120-0000 020747-SURGICAL EYECARE OF M 1 020747-SURGICAL EYECARE OF FLORIDA,PA 68.50 4.80 73.30 CLA1 7.000
FLORIDA,PA INVOICE TOTAL............... 68.50 4.80 73.30 **
SU0130-0000 020295-SUPERSTOCK M 1 020295-SUPERSTOCK 172.50 11.21 183.71 DUV1 6.500
INVOICE TOTAL............... 172.50 11.21 183.71 **
SU0140-0000 020702-SULLIVAN PONTIAC CADILLAC GMC M 2 020682-SULLIVAN PONTIAC CADILLAC GMC 55.00 3.30 58.30 MAR1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
SU0205-0000 018481-SUN CENTER M 1 018481-SUN CENTER 40.00 2.40 42.40 ALA1 6.000
INVOICE TOTAL............... 40.00 2.40 42.40**
SU0207-0000 019943-SUNTRUST BANK, INC. M 1 019943-SUNTRUST BANK, INC. 59.00 3.54 62.54 MAR1 6.000
INVOICE TOTAL............... 59.00 3.54 62.54 **
SU0307-0000 019944-SUNTRUST BANK, INC. M 1 019944-SUNTRUST BANK, INC. 62.00 3.72 65.72 MAR1 6.000
INVOICE TOTAL............... 62.00 3.72 65.72 **
SU0510-0000 018311-SUMMER BEACH RESORT M 2 018167-SUMMER BCH. RESORT & C.C. 45.00 2.70 47.70 NAS1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
SU0590-0000 017390-SUNTRUST BANK, INC. M 2 017405-SUN BANK/PALM COAST BRANCH 73.70 5.16 78.86 FLG1 7.000
INVOICE TOTAL............... 73.70 5.16 78.86 **
SU0607-0000 020016-SUNTRUST BANK, INC. M 2 019947-SUN BANK 59.00 3.54 62.54 MAR1 6.000
INVOICE TOTAL............... 59.00 3.54 62.54 **
SU0614-0000 017144-SUNRISE NISSAN OF ORANGE PARK M 1 017144-SUNRISE NISSAN OF ORANGE PARK 65.00 4.55 69.55 CLA1 7.000
INVOICE TOTAL............... 65.00 4.55 69.55 **
SU0807-0000 019949-SUNTRUST BANK, INC. M 1 019949-SUNTRUST BANK, INC. 47.50 2.85 50.35 MAR1 6.000
INVOICE TOTAL............... 47.50 2.85 50.35 **
SU0907-0000 021030-SUNTRUST BANK, INC. M 2 019950-SUN BANK 59.00 3.54 62.54 MAR1 6.000
INVOICE TOTAL............... 59.00 3.54 62.54 **
SU1407-0000 020018-SUNTRUST BANK, INC. M 2 020019-SUN BANK - EXECUTIVE PARK 47.50 2.85 50.35 MAR1 6.000
INVOICE TOTAL............... 47.50 2.85 50.35 **
SW0183-0000 018754-SWEAT'S FURNITURE INC. M 1 018754-SWEAT'S FURNITURE INC. 47.00 .00 47.00 GLY1 .000
INVOICE TOTAL............... 47.00 .00 47.00 **
SW0204-0000 002077-SWENSEN'S M 1 002077-SWENSEN'S 56.35 3.66 60.01 DUV1 6.500
INVOICE TOTAL............... 56.35 3.66 60.01 **
TA0107-0000 017990-TACO BELL M 2 019954-TACO BELL #2726 55.00 3.30 58.30 MAR1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
TA0110-0000 019439-MUZAK/TACO BELL M 3 000523-3860 UNIV W 38.05 .00 38.05 DUV0 .000
000570-5054 NORMANDY 38.05 .00 38.05 DUV0 .000
000774-1249 PARK 38.05 .00 38.05 CLA0 .000
000837-280S. THIRD ST 38.05 .00 38.05 DUV0 .000
002113-#1883 38.05 .00 38.05 DUV0 .000
002750-#2758 38.05 .00 38.05 DUV0 .000
002784-9341 ATLANTIC 38.05 .00 38.05 DUV0 .000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 77
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
016440-17 BLANDING 38.05 .00 38.05 CLA0 .000
016450-240 N. 3RD 38.05 .00 38.05 DUV0 .000
016460-7331 103RD 38.05 .00 38.05 DUV0 .000
017753-5905 MERRILL 38.05 .00 38.05 DUVO .000
017836-3649 PHILLIPS 38.05 .00 38.05 DUV0 .000
018278-11646 SAN JOSE 38.05 .00 38.05 DUV0 .000
018756-11228 BEACH 38.05 .00 38.05 DUV0 .000
019208-#4319 38.05 .00 38.05 GLY0 .000
019305-#4444 38.05 .00 38.05 DUV0 .000
019665-#4776 38.05 .00 38.05 CLA0 .000
019723-#4887 38.05 .00 38.05 DUV0 .000
019787-11270 ST AUG 38.05 .00 38.05 DUV0 .000
020173-#5542 38.05 .00 38.05 CAM0 .000
020403-#15316 38.05 .00 38.05 WAR0 .000
INVOICE TOTAL............... 799.05 .00 799.05 **
TA0164-0000 017990-TACO BELL M 2 019309-TACO BELL #4413 55.00 3.30 58.30 PUT1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
TA0170-0000 020509-TACO BELL M 2 020737-TACO BELL 73.00 5.11 78.11 BAK1 7.000
INVOICE TOTAL............... 73.00 5.11 78.11 **
TA0194-0000 017990-TACO BELL M 2 017346-TACO BELL #594 55.00 3.30 58.30 ALA1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
TA0210-0000 017990-TACO BELL M 2 021038-TACO BELL #17449 55.00 3.30 58.30 ALA1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
TA0234-0000 020509-TACO BELL M 2 017721-TACO BELL #3563 81.50 4.89 86.39 COL1 6.000
INVOICE TOTAL............... 81.50 4.89 86.39 **
TA0244-0000 017990-TACO BELL M 2 017960-TACO BELL #3654 55.00 3.30 58.30 ALA1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
TA0254-0000 020592-FLORIDA ISLAND FOODS M 2 018202-TACO BELL 45.00 2.70 47.70 NAS1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
TA0274-0000 017990-TACO BELL M 2 019377-TACO BELL #4164 55.00 3.30 58.30 ALA1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
TA0284-0000 017990-TACO BELL M 2 019671-TACL BELL #4817 55.00 3.30 58.30 ALA1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
TA0413-0000 017150-DAYS INN M 1 017150-DAYS INN 33.00 .00 33.00 GLY0 .000
INVOICE TOTAL............... 33.00 .00 33.00 **
TA0414-0000 017990-TACO BELL M 2 017456-TACO BELL #2855 55.00 3.30 58.30 STJ1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
TA0424-0000 020509-TACL BELL M 2 018402-TACO BELL 69.50 4.87 74.37 BRD1 7.000
INVOICE TOTAL............... 69.50 4.87 74.37 **
TH0105-0000 008710-THE SOVEREIGN RESTAURANT M 1 008710-THE SOVEREIGN RESTAURANT 54.35 3.26 57.61 ALA1 6.000
INVOICE TOTAL............... 54.35 3.26 57.61 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 78
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
THO114-0000 018865-THE LOOP M 2 017513-THE LOOP 79.50 5.17 84.67 DUV1 6.500
INVOICE TOTAL............... 79.50 5.17 84.67 **
THO124-0000 018865-THE LOOP M 2 000876-THE LOOP 79.50 5.17 84.67 DUV1 6.500
INVOICE TOTAL............... 79.50 5.17 84.67 **
THO130-0000 020252-THE LOOP M 1 020252-THE LOOP 79.50 5.17 84.67 DUV1 6.500
INVOICE TOTAL............... 79.50 5.17 84.67 **
THO134-0000 018865-THE LOOP M 2 018107-THE LOOP 79.50 5.17 84.67 DUV1 6.500
INVOICE TOTAL............... 79.50 5.17 84.67 **
THO144-0000 018865-THE LOOP M 2 018763-THE LOOP 79.50 5.17 84.67 DUV1 6.500
INVOICE TOTAL............... 79.50 5.17 84.67 **
THO150-0000 020286-THE LOOP M 1 020286-THE LOOP 108.00 7.02 115.02 DUV1 6.500
INVOICE TOTAL............... 108.00 7.02 115.02 **
THO154-0000 018865-THE LOOP M 2 019021-THE LOOP 79.50 5.57 85.07 CLA1 7.000
INVOICE TOTAL............... 79.50 5.57 85.07 **
THO164-0000 019676-THE LOOP-NEPTUNE BEACH M 2 019162-THE LOOP 50.00 3.25 53.25 DUV1 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
THO174-0000 018865-THE LOOP M 2 019553-THE LOOP 79.50 5.17 84.67 DUV1 6.500
INVOICE TOTAL............... 79.50 5.17 84.67 **
THO610-0000 008730-PIGGLY WIGGLY M 1 008730-PIGGLY WIGGLY 88.50 6.20 94.70 SUW1 7.000
INVOICE TOTAL............... 88.50 6.20 94.70 **
TIO114-0000 014865-OLD REPUBLIC NATIONAL TITLE M 1 014865-OLD REPUBLIC NATIONAL TITLE 56.48 3.67 60.15 DUV1 6.500
INVOICE TOTAL............... 56.48 3.67 60.15 **
TI0140-0000 002493-TIGER'S EYE RESTAURANT M 1 002493-TIGER'S EYE RESTAURANT 75.00 4.88 79.88 DUV1 6.500
INVOICE TOTAL............... 75.00 4.88 79.88 **
TI0200-0000 000102-TIMUDUANA COUNTRY CLUB M 1 000102-TIMUDUANA COUNTRY CLUB 173.01 11.25 184.26 DUV1 6.500
INVOICE TOTAL............... 173.01 11.25 184.26 **
TO0100-0000 000289-TOM NEHL GMC TRUCK COMPANY M 1 000289-TOM NEHL GMC TRUCK COMPANY 85.00 5.53 90.53 DUV1 6.500
INVOICE TOTAL............... 85.00 5.53 90.53 **
TO0120-0000 020029-TOM & BETTY'S M 1 020029-TOM & BETTY'S 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
TO0140-0000 020635-TOM & BETTY'S M 1 020635-TOM & BETTY'S 50.00 3.25 53.25 DUV1 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
TO0210-0000 018285-TOTAL INSURANCE SERVICES INC. M 1 018285-TOTAL INSURANCE SERVICES INC. 50.00 3.00 53.00 COL1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
TO0250-0000 014875-TOURNAMENT PLAYERS CLUB M 1 014875-TOURNAMENT PLAYERS CLUB 156.88 9.41 166.29 STJ1 6.000
INVOICE TOTAL............... 156.88 9.41 166.29 **
TO0304-0000 002055-TOM BUSH REGENCY MOTORS M 1 002055-TOM BUSH REGENCY MOTORS 91.50 5.95 97.45 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 79
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C><C>
INVOICE TOTAL............... 91.50 5.95 97.45 **
TR0050-0000 001096-TRADER JACK'S M 1 001096-TRADER JACK'S 60.80 3.65 64.45 STJ1 6.000
INVOICE TOTAL............... 60.80 3.65 64.45 **
TR0110-0000 019192-DIEGO'S M 1 019192-DIEGO'S 95.00 6.18 101.18 DUV1 6.500
INVOICE TOTAL............... 95.00 6.18 101.18 **
TR0113-0000 019498-TRUST COMPANY BANK OF SE GA M 2 019238-TRUST COMPANY BANK 943.08 .00 943.08 A GLY1 .000
INVOICE TOTAL............... 943.08 .00 943.08 ** A
TR0120-0000 020645-TRAVEL NETWORK M 1 020645-TRAVEL NETWORK 50.00 3.25 53.25 DUV1 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
TR0400-0000 017989-TREE STEAK HOUSE M 1 017989-TREE STEAK HOUSE 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
TR0403-0001 014905-TRUST COMPANY BANK OF M 5 008785-4410 ALTAMA 559.08 .00 559.08 A GLY0 .000
TR0403-0002 014905-TRUST COMPANY BANK OF M 5 008790-2203 DEMERE 559.08 .00 559.08 A GLY0 .000
TR0403-0003 014905-TRUST COMPANY BANK OF M 5 008795-510 GLOUCESTER 638.88 .00 638.88 A GLY0 .000
TR0403-0004 014905-TRUST COMPANY BANK OF M 5 008800-3303 NORWICH 559.08 .00 559.08 A GLY0 .000
TR0403-0005 014905-TRUST COMPANY BANK OF M 5 008805-4236 NORWICH 559.08 .00 559.08 A GLY0 .000
TR0403-0007 014905-TRUST COMPANY BANK OF M 5 019821-420 TEBAU 540.00 .00 540.00 A WAR1 .000
INVOICE TOTAL............... 3415.20 .00 3415.20 ** A
TR0410-0000 020452-TREE STEAK HOUSE M 2 000813-TREE STEAK HOUSE 70.00 4.55 74.55 DUV1 6.500
INVOICE TOTAL............... 70.0O 4.55 74.55 **
TU0100-0000 001073-TURNER ELECTRIC WORKS M 1 001073-TURNER ELECTRIC WORKS 87.16 5.67 92.83 DUV1 6.500
INVOICE TOTAL............... 87.16 5.67 92.83 **
TU0200-0000 002703-NIMNICHT CADILLAC M 1 002703-NIMNICHT CADILLAC 106.98 6.95 113.93 DUV1 6.500
INVOICE TOTAL............... 106.98 6.95 113.93 **
UM0100-0000 020514-UMBRO RETAIL SALES DIVISION M 2 020409-UMBRO COMPANY STORE #0901 58.00 3.48 61.48 STJ1 6.000
INVOICE TOTAL............... 58.00 3.48 61.48 **
UN0110-0000 017982-UNITED CITIZENS BANK OF M 2 019017-UNITED CITIZENS BANK 55.00 3.30 58.30 ALA1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
UN0120-0000 020338-UNITED CITIZENS' BANK M 1 020338-UNITED CITIZENS' BANK 55.00 3.30 58.30 ALA1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
UN0140-0000 002131-UNIVERSITY CLUB M 1 002131-UNIVERSITY CLUB 90.00 5.85 95.85 DUV1 6.500
INVOICE TOTAL............... 90.00 5.85 95.85 **
UN0150-0000 020392-UNITED STATES CELLULAR M 2 020470-UNITED STATES CELLULAR 40.00 2.40 42.40 ALA1 6.000
INVOICE TOTAL............... 40.00 2.40 42.40 **
UN0207-0000 020126-UNITED TELEPHONE CO. M 2 019958-UNITED TELEPHONE 215.00 12.90 227.90 MAR1 6.000
INVOICE TOTAL............... 215.00 12.90 227.90 **
UN0220-0000 020392-UNITED STATES CELLULAR M 2 020449-UNITED STATES CELLULAR 48.50 2.91 51.41 ALA1 6.000
INVOICE TOTAL............... 48.50 2.91 51.41 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 80
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
UN0400-0000 000238-UNISOURCE SOUTHEAST INC. M 1 002387-UNISOURCE SOUTHEAST, INC. 170.00 11.05 181.05 DUV1 6.500
INVOICE TOTAL............... 170.00 11.05 181.05 **
UN0505-0000 017982-UNITED CITIZENS BANK OF M 2 017887-UNITED CITIZENS BANK OF 55.00 3.30 58.30 ALA1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
UN0515-0000 017982-UNITED CITIZENS BANK OF M 2 017888-UNITED CITIZENS BANK 55.00 3.30 58.30 ALA1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
UN0604-0000 017714-US DRUG ENFORCEMENT ADM M 1 017714-US DRUG ENFORCEMENT ADM 54.90 .00 54.90 DUV0 .000
INVOICE TOTAL............... 54.90 .00 54.90 **
UN0905-0000 002386-UNIVERSITY CENTRE HOTEL M 1 002386-UNIVERSITY CENTRE HOTEL 195.00 11.70 206.70 ALA1 6.000
INVOICE TOTAL............... 195.00 11.70 206.70 **
UN1000-0000 014955-UNIVERSITY HOSPITAL M 1 014955-UNIVERSITY HOSPITAL 72.53 .00 72.53 DUV0 .000
INVOICE TOTAL............... 72.53 .00 72.53 **
UP0100-0000 019730-UPS M 1 019730-UPS 95.00 6.18 101.18 DUV1 6.500
INVOICE TOTAL............... 95.00 6.18 101.18 **
US0110-0000 020455-U.S.F. & G. M 1 020455-U.S.F. & G. 59.00 3.84 62.84 DUV1 6.500
INVOICE TOTAL............... 59.00 3.84 62.84 **
UT0100-0001 014965-UTSEY'S, INC. M 5 008865-ST. JOHNS AVE 28.49 1.85 30.34 DUV1 6.500
INVOICE TOTAL............... 28.49 1.85 30.34 **
VA0110-0000 020479-MUZAK/VAN HEUSEN M 2 020446-VAN HEUSEN #272 54.00 .00 54.00 STJ0 .000
INVOICE TOTAL............... 54.00 .00 54.00 **
VA0120-0000 019217-CHIEF, FISCAL SVC M 1 019217-CHIEF, FISCAL SVC 45.00 .00 45.00 COL0 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
VA0130-0000 020479-MUZAK/VAN HEUSEN M 2 020949-VAN HEUSEN DIRECT #388 54.00 .00 54.00 MCI1 .000
INVOICE TOTAL............... 54.00 .00 54.00 **
VE0110-0000 020489-VERN BUCHANAN MAZDA M 1 020489-VERN BUCHANAN MAZDA 109.00 6.54 115.54 MAR1 6.000
INVOICE TOTAL............... 109.00 6.54 115.54 **
VE0120-0000 020490-VERN BUCHANAN HONDA,ACURA,OLDS M 1 020490-VERN BUCHANAN HONDA,ACURA,OLDS 144.00 8.64 152.64 MAR1 6.000
INVOICE TOTAL............... 144.00 8.64 152.64 **
VE0204-0000 000502-VA OUTPATIENT CLINIC M 1 000502-VA OUTPATIENT CLINIC 59.00 .00 59.00 DUV0 .000
INVOICE TOTAL............... 59.00 .00 59.00 **
VF0107-0000 019959-VFW M 1 019959-VFW 35.00 .00 35.00 MAR0 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
VI0104-0000 008940-VISTAKON, INC. M 2 000519-VISTAKON, INC. 476.00 30.94 506.94 DUV1 6.500
INVOICE TOTAL............... 476.00 30.94 506.94 **
VI0110-0000 008940-VISTAKON, INC. M 2 019775-VISTAKON - BLDG. "D" 150.00 9.75 159.75 DUV1 6.500
INVOICE TOTAL............... 150.00 9.75 159.75 **
VI0114-0000 008940-VISTAKON, INC. M 2 017770-VISTAKON INC. 232.00 15.08 247.08 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 81
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 232.00 15.08 247.08 **
VI0120-0000 008940-VISTAKON, INC. M 2 018854-VISTAKON 270.00 17.55 287.55 DUV1 6.500
INVOICE TOTAL............... 270.00 17.55 287.55 **
VI0124-0000 008940-VISTAKON, INC. M 2 018761-VISTAKON 134.00 8.71 142.71 DUV1 6.500
INVOICE TOTAL............... 134.00 8.71 142.71 **
VI0130-0000 008940-VISTAKON, INC. M 2 020587-LIVE FOR LIFE 85.00 5.53 90.53 DUV1 6.500
INVOICE TOTAL............... 85.00 5.53 90.53 **
VI0150-0000 008940-VISTAKON, INC. M 2 020159-VISTAKON 984.00 63.96 1047.96 DUV1 6.500
INVOICE TOTAL............... 984.00 63.96 1047.96 **
VI0154-0000 008940-VISTAKON, INC. M 2 018818-VISTAKON 110.00 7.15 117.15 DUV1 6.500
INVOICE TOTAL............... 110.00 7.15 117.15 **
VI0160-0000 020993-MUZAK/VILLAGE INN M 2 015000-VILLAGE INN #2472 (143) 44.00 .00 44.00 DUV0 .000
INVOICE TOTAL............... 44.00 .00 44.00 **
VI0170-0000 020993-MUZAK/VILLAGE INN M 2 014990-VILLAGE INN #2471 (158) 44.00 .00 44.00 DUV0 .000
INVOICE TOTAL............... 44.00 .00 44.00 **
VI0180-0000 020993-MUZAK/VILLAGE INN M 2 008930-VILLAGE INN #2495 (385) 44.00 .00 44.00 STJ0 .000
INVOICE TOTAL............... 44.00 .00 44.00 **
VI0190-0000 020993-MUZAK/VILLAGE INN M 2 008915-VILLAGE INN #2490 (382) 44.00 .00 44.00 DUV0 .000
INVOICE TOTAL............... 44.00 .00 44.00 **
WA0010-0000 019063-WALTER LORENZ SURG. INSTRUMENT M 1 019063-WALTER LORENZ SURG. INSTRUMENT 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
WA0024-0000 019103-WACCAMAW POTTERY M 1 019103-WACCAMAW POTTERY 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
WA0100-0000 019776-MUZAK/WALGREEN'S M 5 000108-#500 78.00 .00 78.00 G DUV0 .000
000911-#3247 78.00 .00 78.00 G STJ0 .000
020695-#3390 78.00 .00 78.00 G MAR0 .000
020841-#3391 78.00 .00 78.00 G MAR0 .000
020920-#3472 78.00 .00 78.00 G FLG0 .000
021076-#3357 78.00 .00 78.00 G DUV0 .000
INVOICE TOTAL............... 468.00 .00 468.00 **G
WA0107-0000 019776-MUZAK/WALGREEN'S M 2 019961-WALGREEN'S #1562 78.00 .00 78.00 G MAR0 .000
INVOICE TOTAL............... 78.00 .00 78.00 **G
WA0110-0000 019776-MUZAK/WALGREEN'S M 2 017154-WALGREEN'S #1664 #131847 78.00 .00 78.00 DUV0 .000
INVOICE TOTAL............... 78.00 .00 78.00 **
WA0113-0000 019281-WAYCROSS ORTHOPEDICS M 1 019281-WAYCROSS ORTHOPEDICS 47.00 .00 47.00 WAR1 .000
INVOICE TOTAL............... 47.00 .00 47.00 **
WA0120-0000 019776-MUZAK/WALGREEN'S M 2 017510-WALGREEN'S #1684 #131847 78.00 .00 78.00 DUV0 .000
INVOICE TOTAL............... 78.00 .00 78.00 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 82
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
WA0130-0000 019776-MUZAK/WALGREEN'S M 2 017856-WALGREEN'S #1985 #131847 78.00 .00 78.00 Q DUV0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0140-0000 019776-MUZAK/WALGREEN'S M 2 017898-WALGREEN'S #1999 #131847 78.00 .00 78.00 Q DUV1 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0150-0000 019776-MUZAK/WALGREEN'S M 2 002571-WALGREEN'S #1324 #131847 78.00 .00 78.00 Q DUV0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0160-0000 019776-MUZAK/WALGREEN'S M 2 018264-WALGREEN'S #2032 #131847 78.00 .00 78.00 Q DUV0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0170-0000 019776-MUZAK/WALGREEN'S M 2 018318-WALGREEN'S #2015 #131847 78.00 .00 78.00 Q CLA0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0180-0000 019776-MUZAK/WALGREEN'S M 2 018388-WALGREEN'S #2059 #131847 78.00 .00 78.00 Q DUV0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0190-0000 019776-MUZAK/WALGREEN'S M 2 018608-WALGREEN'S #2119 #131847 78.00 .00 78.00 Q DUV1 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0200-0000 019776-MUZAK/WALGREEN'S M 2 015060-WALGREEN'S #505 #131847 78.00 .00 78.00 Q DUV0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0207-0000 019776-MUZAK/WALGREEN'S M 2 019962-WALGREEN'S #1486 78.00 .00 78.00 Q MAR0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0210-0000 019776-MUZAK/WALGREEN'S M 2 020740-WALGREEN'S #3389 78.00 .00 78.00 Q MAR0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0240-0000 019776-MUZAK/WALGREEN'S M 2 020660-WALGREEN #3172 78.00 .00 78.00 Q DUV0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0340-0000 019776-MUZAK/WALGREEN'S M 2 001028-WALGREEN'S #1066 #131847 78.00 .00 78.00 Q DUV0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0350-0000 019776-MUZAK/WALGREEN'S M 2 015110-WALGREEN'S #1005 #131847 78.00 .00 78.00 Q PUT0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0353-0000 000924-WARE CTY, DEPT. OF FAMILY M 1 000924-WARE CTY. DEPT. OF FAMILY SER. 127.50 .00 127.50 WAR0 .000
SERV. INVOICE TOTAL............... 127.50 .00 127.50 **
WA0360-0000 019776-MUZAK/WALGREEN'S M 2 015120-WALGREEN'S #1428 #131847 78.00 .00 78.00 Q DUV0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0370-0000 019776-MUZAK/WALGREEN'S M 2 017360-WALGREEN'S #1683 #131847 78.00 .00 78.00 Q DUV0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0380-0000 017516-DR. LEWIS WALKER M 2 017515-WALKER, DR. LEWIS 45.93 2.99 48.92 DUV1 6.500
INVOICE TOTAL............... 45.93 2.99 48.92 **
WA0400-0000 020328 MUZAK/WAL-MART M 3 000262-#538 14.08 .00 14.08 ALA0 .000
000586-#639 14.08 .00 14.08 GLY0 .000
002382-#551 14.08 .00 14.08 PUT0 .000
002472-#767 14.08 .00 14.08 COL0 .000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 83
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
002646-#836 14.08 .00 14.08 CAM0 .000
008980-#556 14.08 .00 14.08 WAR0 .000
008985-#579 14.08 .00 14.08 STJ0 .000
017353-#977 14.08 .00 14.08 NAS0 .000
017752-#1081 14.08 .00 14.08 ALA0 .000
017775-#1090 14.08 .00 14.08 DUV0 .000
017835-#1082 14.08 .00 14.08 DUV0 .000
017906-#1173 14.08 .00 14.08 DUV0 .000
017950-#1182 14.08 .00 14.08 FLG0 .000
018187-#1225 14.08 .00 14.08 CLA0 .000
018188-#1083 14.08 .00 14.08 DUV0 .000
018227-#1172 14.08 .00 14.08 DUV0 .000
018330-#1219 14.08 .00 14.08 DUV0 .000
018331-#1205 14.08 .00 14.08 RAK0 .000
018403-#1283 14.08 .00 14.08 RRD0 .000
018525-#1297 14.08 .00 14.08 LEV0 .000
018893-#1444 14.08 .00 14.08 DUVO .000
020322-#4022 14.08 .00 14.08 WAR0 .000
020323-#4029 14.08 .00 14.08 GLY0 .000
020324-#697 14.08 .00 14.08 MAR0 .000
020325-#960 14.08 .00 14.08 MAR0 .000
020326-#1061 14.08 .00 14.08 CAM0 .000
020327-#1847 14.08 .00 14.08 MAR0 .000
020806-#8253 14.08 .00 14.08 DUV0 .000
020995-#6335 14.08 .00 14.08 MAR0 .000
020996-#6363 14.08 .00 14.08 DUV0 .000
020997-#8116 14.08 .00 14.08 DUV0 .000
020998-#8155 14.08 .00 14.08 ALA0 .000
INVOICE TOTAL............... 450.56 .00 450.56 **
WA0410-0000 000110-WARREN MOTORS M 1 000110-WARREN MOTORS 45.00 2.93 47.93 DUV1 6.500
INVOICE TOTAL............... 45.00 2.93 47.93 **
WA0507-0000 019776-MUZAK/WALGREEN'S M 2 019965-WALGREEN'S #1538 78.00 .00 78.00 Q MAR0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA0600-0000 015130-WAYSIDE RESTAURANT M 1 015130-WAYSIDE RESTAURANT 49.60 2.98 52.58 COL1 6.000
INVOICE TOTAL............... 49.60 2.98 52.58 **
WA0707-0000 019776-MUZAK/WALGREEN'S M 2 020230-WALGREEN'S #2912 78.00 .00 78.00 Q MAR0 .000
INVOICE TOTAL............... 78.00 .00 78.00 ** Q
WA1000-0000 020905-WAYFARA RESTAURANT M 1 020905-WAYFARA RESTAURANT 50.00 3.00 53.00 NAS1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
WA1100-0000 017516-DR. LEWIS WALKER M 1 017516-DR. LEWIS WALKER 25.00 1.63 26.63 DUV1 6.500
INVOICE TOTAL............... 25.00 1.63 26.63 **
WE0103-0000 009040-WENDY'S #1489 M 1 009040-WENDY'S #1489 36.30 .00 36.30 WAR0 .000
INVOICE TOTAL............... 36.30 .00 36.30 **
WE0104-0000 020719-WENDY'S INTERNATIONAL M 3 017097-#1441774 49.50 3.22 52.72 DUV1 6.500
017098-#1441775 49.50 3.22 52.72 DUV1 6.500
017099-#1441776 49.50 3.22 52.72 DUV1 6.500
017100-#1441777 49.50 3.22 52.72 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 84
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
017102-#1441778 49.50 3.47 52.97 CLA1 7.000
017105-#1441781 49.50 3.22 52.72 DUV1 6.500
017106-#1441782 49.50 3.22 52.72 DUV1 6.500
020499-#1889 49.50 3.22 52.72 DUV1 6.500
020663-#2063 1110 PLAN 49.50 3.47 52.97 CLA1 7.000
INVOICE TOTAL............... 445.50 29.48 474.98 **
WE0113-0000 019592-HILL & HILL SOUTH, INC. M 2 018956-WENDY'S - BRUNSWICK 35.00 .00 35.00 GLY1 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
WE0140-0000 020923-WENDY'S INTERNATIONAL OFFICE M 1 020923-WENDY'S INTERNATIONAL OFFICE 25.00 1.63 26.63 DUV1 6.500
INVOICE TOTAL............... 25.00 1.63 26.63 **
WE0194-0000 017104-WENDY'S #1780 M 1 017104-WENDY'S #1780 49.50 3.47 52.97 BRD1 7.000
INVOICE TOTAL............... 49.50 3.47 52.97 **
WE0204-0000 020719-WENDY'S INTERNATIONAL M 3 017108-#1441762 49.50 3.22 52.72 DUV1 6.500
017110-#1441763 49.50 3.22 52.72 DUV1 6.500
017111-#1441764 49.50 3.22 52.72 DUV1 6.500
017112-#1441765 49.50 3.22 52.72 DUV1 6.500
017113-#1441766 49.50 2.97 52.47 STJ1 6.000
017114-#1441767 49.50 3.22 52.72 DUV1 6.500
017115-#1441768 49.50 3.22 52.72 DUV1 6.500
INVOICE TOTAL............... 346.50 22.29 368.79 **
WE0210-0000 021104-JKC WEN, LC M 2 020661-WENDY'S #2012 49.50 2.97 52.47 STJ1 6.000
INVOICE TOTAL............... 49.50 2.97 52.47 **
WE0223-0000 19592-HILL & HILL SOUTH, INC. M 2 015175-WENDY'S - KINGSLAND/ST. MARY'S 45.00 .00 45.00 CAM0 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
WE0250-0000 021104-JKC WEN, LC M 2 009050-WENDY'S #1769 49.50 2.97 52.47 PUT1 6.000
INVOICE TOTAL............... 49.50 2.97 52.47 **
WE0254-0000 020719-WENDY'S INTERNATIONAL M 2 017408-WENDY'S #1770 49.50 3.22 52.72 DUV1 6.500
INVOICE TOTAL............... 49.50 3.22 52.72 **
WE0260-0000 020971-HOOVER FOODS INC. M 2 020662-WENDY'S #051-2040 55.00 3.30 58.30 ALA1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
WE0264-0000 020719-WENDY'S INTERNATIONAL M 2 018477-WENDY'S #1772 49.50 3.22 52.72 DUV1 6.500
INVOICE TOTAL............... 49.50 3.22 52.72 **
WE0270-0000 020630-WENDY'S M 1 020630-WENDY'S 35.00 .00 35.00 CAM1 .000
INVOICE TOTAL............... 35.00 .00 35.00 **
WE0300-0000 019260-WENCOAST FOODS, INC. M 2 017135-WENDY'S - PALM COAST 46.30 3.24 49.54 FLG1 7.000
INVOICE TOTAL............... 46.30 3.24 49.54 **
WE0403-0000 002555-WESTERN STEER-BRUNS M 1 002555-WESTERN STEER-BRUNS 75.00 .00 75.00 GLY0 .000
INVOICE TOTAL............... 75.00 .00 75.00 **
WE0410-0000 018829-WEDGE CAFE M 1 018829-WEDGE CAFE 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 85
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
WE0414-0000 020719-WENDY'S INTERNATIONAL M 2 018005-WENDY'S #1771 49.50 2.97 52.47 STJ1 6.000
INVOICE TOTAL............... 49.50 2.97 52.47 **
WE0424-0000 018882-WESTERN WORLD M 1 018882-WESTERN WORLD 40.00 2.80 42.80 CLA1 7.000
INVOICE TOTAL............... 40.00 2.80 42.80 **
WE0430-0000 017548-WESTERN SIZZLIN STEAK HOUSE M 1 017548-WESTERN SIZZLIN STEAK HOUSE 58.85 3.53 62.38 NAS1 6.000
INVOICE TOTAL............... 58.85 3.53 62.38 **
WE0503-0000 021131-WENDBANY M 2 017298-WENDY'S #115-1274 45.00 .00 45.00 GLYI .000
INVOICE TOTAL............... 45.00 .00 45.00 **
WE0510-0000 021066-WESTERN STEER M 2 021067-WESTERN STEER 45.00 .00 45.00 JEF1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
WE0600-0000 002224-WESTERN STEER-STARKE M 1 002224-WESTERN STEER-STARKE 78.93 5.53 84.46 BRD1 7.000
INVOICE TOTAL............... 78.93 5.53 84.46 **
WE0603-0000 021131-WENDBANY M 2 017297-WENDY'S #431275 45.00 .00 45.00 GLY1 .000
INVOICE TOTAL............... 45.00 .00 45.00 **
WE0800-0000 015225-WESTSIDE DODGE, INC. M 1 015225-WESTSIDE DODGE, INC. 85.00 5.53 90.53 DUV1 6.500
INVOICE TOTAL............... 85.00 5.53 90.53 **
WE0823-0000 000287-WESTERN SIZZLIN M 1 000287-WESTERN SIZZLIN 55.00 .00 55.00 WAR0 .000
INVOICE TOTAL............... 55.00 .00 55.00 **
WE1100-0000 002527-WESTSIDE TOYOTA, INC. M 1 002527-WESTSIDE TOYOTA, INC. 115.00 7.48 122.48 DUV1 6.500
INVOICE TOTAL............... 115.00 7.48 122.48 **
WE1210-0000 021021-WENDY'S M 1 021021-WENDY'S 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
WE1220-0000 021106-SERVFIRST, INC. M 2 017107-WENDY'S #7048 49.50 2.97 52.47 NAS1 6.000
INVOICE TOTAL............... 49.50 2.97 52.47 **
WE1230-0000 021106-SERVFIRST, INC. M 2 017103-WENDY'S #7047 49.50 3.22 52.72 DUV1 6.500
INVOICE TOTAL............... 49.50 3.22 52.72 **
WH0107-0000 019967-WHITE ROSE NURSERY #6 M 1 019967-WHITE ROSE NURSERY #6 145.00 8.70 153.70 MAR1 6.000
INVOICE TOTAL............... 145.00 8.70 153.70 **
WH0140-0000 020772-WHITEY'S FISH CAMP M 1 020772-WHITEY'S FISH CAMP 60.00 4.20 64.20 CLA1 7.000
INVOICE TOTAL............... 60.00 4.20 64.20 **
WH0400-0000 018961-HALL-SAN M 2 002171-WHEATON'S - ORANGE PARK MALL 39.30 2.75 42.05 CLA1 7.000
INVOICE TOTAL............... 39.30 2.75 42.05 **
WI0130-0000 018973-WILD FLOWERS CAFE M 1 018973-WILD FLOWERS CAFE 83.00 4.98 87.98 ALA1 6.000
INVOICE TOTAL............... 83.00 4.98 87.98 **
WI0200-0000 002771-WINE CELLAR M 1 002771-WINE CELLAR 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
WO0104-0001 000597-WOODY'S - ATTN: TINA M 5 018719-UNIV SOUTH 55.00 3.58 58.58 DUV1 6.500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 86
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
WO0104-0002 000597-WOODY'S - ATTN: TINA M 5 000860-POWERS 55.00 3.58 58.58 DUV1 6.500
WO0104-0003 000597-WOODY'S - ATTN: TINA M 5 002345-SAN JOSE 55.00 3.58 58.58 DUV1 6.500
WO0104-0005 000597-WOODY'S - ATTN: TINA M 5 017116-103RD STREET 55.00 3.58 58.58 DUV1 6.500
WO0104-0006 000597-WOODY'S - ATTN: TINA M 5 018089-JAX BEACH 55.00 3.58 58.58 DUV1 6.500
WO0104-0007 000597-WOODY'S - ATTN: TINA M 5 018483-10771 BEACH BLV 55.00 3.58 58.58 DUV1 6.500
WO0104-0008 000597-WOODY'S - ATTN: TINA M 5 018712-SOUTHSIDE BLVD 55.00 3.58 58.58 DUV1 6.500
WO0104-0009 000597-WOODY'S - ATTN: TINA M 5 019467-MONUMENT 55.00 3.58 58.58 DUV1 6.500
WO0104-0010 000597-WOODY'S - ATTN: TINA M 5 019641-EDGEWOOD 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............ 495.00 32.22 527.22 **
WO0114-0000 017117-WOODY'S BAR-B-QUE #5 M 2 017117-WOODY'S BAR-B-QUE #5 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............ 55.00 3.58 58.58 **
WO0120-0000 019489-HRDD INC. M 1 019489-HRDD INC. 55.00 3.85 58.85 BAK1 7.000
INVOICE TOTAL............ 55.00 3.85 58.85 **
WO0124-0000 018576-WOODY'S M 1 018576-WOODY'S 55.00 3.85 58.85 CLA1 7.000
INVOICE TOTAL............ 55.00 3.85 58.85 **
WO0145-0000 019740-WOMEN'S HEALTH GROUP M 2 019607-WOMEN'S HEALTH GROUP 94.50 .00 94.50 ALAO .000
INVOICE TOTAL............ 94.50 .00 94.50 **
WO0154-0000 019036-WOODY'S BBQ M 1 019036-WOODY'S BBQ 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............ 55.00 3.58 58.58 **
WO0200-0000 002574-WOOLVERTON OLDSMOBILE M 1 002574-WOOLVERTON OLDSMOBILE 65.95 4.29 70.24 DUV1 6.500
INVOICE TOTAL............ 65.95 4.29 70.24 **
WO0300-0000 018586-MUZAK/WOOLWORTH'S M 2 017655-WOOLWORTH'S #1475 49.50 .00 49.50 DUV0 .000
INVOICE TOTAL............ 49.50 .00 49.50 **
WO0514-0000 002721-WORMAN'S M 1 002721-WORMAN'S 63.90 4.15 68.05 DUV1 6.500
INVOICE TOTAL............ 63.90 4.15 68.05 **
WO0600-0000 002721-WORMAN'S M 2 020559-WORMAN'S BAKERY 45.93 2.99 48.92 DUV1 6.500
INVOICE TOTAL............ 45.93 2.99 48.92 **
XEO100-0000 018019-XEROX CORPORATION M 2 017736-XEROX - QUADRANT II 72.00 4.68 76.68 DUV1 6.500
INVOICE TOTAL............ 72.00 4.68 76.68 **
YO0100-0000 015335-YOUNG MEN'S SHOP M 1 015335-YOUNG MEN'S SHOP 38.91 2.53 41.44 DUV1 6.500
INVOICE TOTAL............ 38.91 2.53 41.44 **
YU0100-0000 019082-WALL'S IGA M 1 000889-YULEE IGA 145.25 8.72 153.97 NAS1 6.000
INVOICE TOTAL............ 145.25 8.72 153.97 **
ZA0104-0000 009505-ZAMBETTI STEEL PRODUCT M 1 009505-ZAMBETTI STEEL PRODUCTS 54.00 3.51 57.51 DUV1 6.500
INVOICE TOTAL............ 54.00 3.51 57.51 **
ZU0100-0000 021126-ZUMA CAFE M 1 021126-ZUMA CAFE 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............ 40.00 2.60 42.60 **
M SERVICE TOTAL............ 133092.81 6261.35 139354.16 ***
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 87
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
AM0118-0000 020102-AMERICAN EXPRESS TRS MA 2 019339-AMERICAN EXPRESS CENTURION 883.00 .00 883.00 DUV0 .000
INVOICE TOTAL............... 883.00 .00 883.00 **
BA0108-0000 000175-BARGAIN HOUSE OF FLEAS MA 1 000175-BARGAIN HOUSE OF FLEAS 56.07 .00 56.07 DUV0 .000
INVOICE TOTAL............... 56.07 .00 56.07 **
BR0118-0000 020688-BRIDGE TERMINAL TRANSPORT MA 1 020688-BRIDGE TERMINAL TRANSPORT 35.00 2.28 37.28 DUV1 6.500
INVOICE TOTAL............... 35.00 2.28 37.28 **
BR0408-0000 002259-THE NEW SCHOOL MA 1 002259-THE NEW SCHOOL 32.50 .00 32.50 DUV0 .000
INVOICE TOTAL............... 32.50 .00 32.50 **
CU0108-0000 020456-CONSTRUCTION BOOKSTORE MA 1 020456-CONSTRUCTION BOOKSTORE 45.00 2.70 47.70 ALA1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
CR0108-0000 000696-CRABPOT MA 1 000696-CRABPOT 82.50 5.36 87.86 DUV1 6.500
INVOICE TOTAL............... 82.50 5.36 87.86 **
CY0108-0000 019662-CYBERNETICS & SYSTEMS INC. MA 2 017767-CYBERNETICS & SYSTEMS-12TH FL 29.70 1.93 31.63 DUV1 6.500
INVOICE TOTAL............... 29.70 1.93 31.63 **
DO0108-0000 020676-DOLPHIN RESTAURANT MA 1 020676-DOLPHIN RESTAURANT 120.00 8.40 128.40 Q FLG1 7.000
INVOICE TOTAL............... 120.00 8.40 128.40 ** Q
GA0108-0000 020515-GAINESVILLE REGIONAL MA 2 020339-GAINESVILLE REGIONAL UTILITIES 44.00 .00 44.00 ALA0 .000
UTILITIES INVOICE TOTAL............... 44.00 .00 44.00 **
GA0208-0000 019702-GAYFERS #133 MA 1 019702-GAYFERS #133 128.00 8.32 136.32 DUV1 6.500
INVOICE TOTAL............... 128.00 8.32 136.32 **
HA0208-0000 019010-WIGGING ENTERPRISES MA 2 021064-HARDEE'S 40.00 .00 40.00 JEF1 .000
INVOICE TOTAL............... 40.00 .00 40.00 **
JA0168-0000 019413-JACKSONVILLE PORT AUTHORITY MA 2 018057-JACKSONVILLE INTN'L AIRPORT 459.00 .00 459.00 DUV0 .000
INVOICE TOTAL............... 459.00 .00 459.00 **
JE0108-0000 015610-JEA CENTRAL OFFICE- MA 1 015610-JEA CENTRAL OFFICE-233 W DUVAL 197.92 .00 197.92 DUV0 .000
233 W DUVAL INVOICE TOTAL............... 197.92 .00 197.92 **
LE0308-0000 000631-LEVITZ FURNITURE MA 1 000631-LEVITZ FURNITURE 10.00 .65 10.65 DUV1 6.500
INVOICE TOTAL............... 10.00 .65 10.65 **
LE0318-0000 000631-LEVITZ FURNITURE MA 2 017603-LEVITZ FURNITURE 10.00 .70 10.70 CLA1 7.000
INVOICE TOTAL............... 10.00 .70 10.70 **
LO0108-0000 021007-LONE STAR STEAKHOUSE MA 2 020724-LONE STAR STEAKHOUSE #6404 35.00 2.10 37.10 ALA1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
LO0208-0000 021007-LONE STAR STEAKHOUSE MA 2 020725-LONE STAR STEAKHOUSE #6409 35.00 2.10 37.10 MAR1 6.000
INVOICE TOTAL............... 35.00 2.10 37.10 **
MA1308-0000 020513-GAYFER'S / VIDEO MA 2 006725-GAYFER'S 128.00 8.32 136.32 DUV1 6.500
INVOICE TOTAL............... 128.00 8.32 136.32 **
ME0138-0000 020579-THE MEETING PLACE MA 1 020579-THE MEETING PLACE 65.00 3.90 68.90 STJ1 6.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 88
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 65.00 3.90 68.90 **
ME0148-0000 019789-MERRILL LYNCH CREDIT CORP MA 1 019789-MERRILL LYNCH CREDIT CORP 100.00 6.50 106.50 DUV1 6.500
INVOICE TOTAL............... 100.00 6.50 106.50 **
RE0108-0000 015780-REGENCY DODGE, INC. MA 1 015780-REGENCY DODGE, INC. 30.25 1.97 32.22 DUV1 6.500
INVOICE TOTAL............... 30.25 1.97 32.22 **
RH0118-0000 017815-RHODES FURNITURE CO. MA 1 017815-RHODES FURNITURE CO. 20.00 1.40 21.40 CLA1 7.000
INVOICE TOTAL............... 20.00 1.40 21.40 **
RH0128-0000 020836-RHODES FURNITURE MA 1 020836-RHODES FURNITURE 20.00 1.30 21.30 DUVI 6.500
INVOICE TOTAL............... 20.00 1.30 21.30 **
RH0138-0000 020846-RHODES FURNITURE MA 1 020846-RHODES FURNITURE 20.00 1.20 21.20 ALA1 6.000
INVOICE TOTAL............... 20.00 1.20 21.20 **
RH0208-0000 014180-RHODES FURNITURE MA 1 014180-RHODES FURNITURE 20.00 1.30 21.30 DUV1 6.500
INVOICE TOTAL............... 20.00 1.30 21.30 **
RH0308-0000 014185-RHODES FURNITURE MA 1 014185-RHODES FURNITURE 20.00 1.30 21.30 DUV1 6.500
INVOICE TOTAL............... 20.00 1.30 21.30 **
RI0108-0000 020826-RIO BRAVO MA 1 020826-RIO BRAVO 60.00 3.90 63.90 DUV1 6.500
INVOICE TOTAL............... 60.00 3.90 63.90 **
SP0218-0000 019833-SPRINT MA 2 019829-SPRINT 40.00 2.60 42.60 DUV1 6.500
INVOICE TOTAL............... 40.00 2.60 42.60 **
UH0108-0000 017556-BUSH BOAKE ALLEN INC. MA 1 017556-BUSH BOAKE ALLEN INC. 52.50 .00 52.50 DUV0 .000
INVOICE TOTAL............... 52.50 .00 52.50 **
VI0108-0000 008940-VISTAKON, INC. MA 2 020529-VISTAKON CUSTOMER SERVICE 80.00 5.20 85.20 DUV1 6.500
INVOICE TOTAL............... 80.00 5.20 85.20 **
MA SERVICE TOTAL............... 2898.44 73.43 2971.87 ***
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 89
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
AM0106-0000 020102-AMERICAN EXPRESS TRS T 2 018653-AMERICAN EXPRESS/OROC II 110.00 7.15 117.15 DUV1 6.500
INVOICE TOTAL............... 110.00 7.15 117.15 **
AN0106-0000 018898-ANGLIN CONSTRUCTION COMPANY T 1 018898-ANGLIN CONSTRUCTION COMPANY 50.00 3.00 53.00 ALA1 6.000
INVOICE TOTAL............... 50.00 3.00 53.00 **
AN0126-0000 017984-ANGELOS RESTAURANT T 1 017984-ANGELOS RESTAURANT 68.50 4.45 72.95 DUV1 6.500
INVOICE TOTAL............... 68.50 4.45 72.95 **
AQ0106-0000 018626-AQUA EAST SURF SHOP T 1 018626-AQUA EAST SURF SHOP 110.00 .00 110.00 DUV0 .000
INVOICE TOTAL............... 110.00 .00 110.00 **
CH0306-0000 019278-CHA CHA'S T 1 019278-CHA CHA'S 55.00 3.58 58.58 DUV1 6.500
INVOICE TOTAL............... 55.00 3.58 58.58 **
CO0306-0000 002211-COWBOY'S RESTAURANT T 1 002211-COWBOY'S RESTAURANT 75.00 4.50 79.50 STJ1 6.000
INVOICE TOTAL............... 75.00 4.50 79.50 **
ES0106-0000 018411-GLYNN PLACE CAROUSEL INC. T 1 018411-GLYNN PLACE CAROUSEL INC. 40.00 .00 40.00 GLY1 .000
INVOICE TOTAL............... 40.00 .00 40.00 **
FA0106-0000 019865-FAZOLI'S/SEED RESTAURANT T 1 019865-FAZOLI'S/SEED RESTAURANT 45.00 2.70 47.70 MAR1 6.000
INVOICE TOTAL............... 45.00 2.70 47.70 **
HA0106-0000 019732-HAMMOCK DUNES CLUB T 1 019732-HAMMOCK DUNES CLUB 123.00 8.61 131.61 FLG1 7.000
INVOICE TOTAL............... 123.00 8.61 131.61 **
HA0206-0000 017779-HANLEY'S RESTAURANT T 1 017779-HANLEY'S RESTAURANT 108.63 7.60 116.23 CLA1 7.000
INVOICE TOTAL............... 108.63 7.60 116.23 **
JA0706-0000 017004-JAX KENNEL CLUB T 1 017004-JAX KENNEL CLUB 149.00 9.69 158.69 DUV1 6.500
INVOICE TOTAL............... 149.00 9.69 158.69 **
JI0206-0000 000050-JIMMIES BUTTERMILK CHICKEN T 1 000050-JIMMIES BUTTERMILK CHICKEN 78.65 5.11 83.76 DUV1 6.500
INVOICE TOTAL............... 78.65 5.11 83.76 **
LO0106-0000 020539-OSBORN SOUND & COMMUNICATIONS T 2 020506-LOS LORUS 50.00 3.25 53.25 DUV1 6.500
INVOICE TOTAL............... 50.00 3.25 53.25 **
MA0166-0000 020910-MARSH LANDING TENNIS CENTER T 1 020910-MARSH LANDING TENNIS CENTER 175.00 10.50 185.50 STJ1 6.000
INVOICE TOTAL............... 175.00 10.50 185.50 **
NE0106-0000 019903-NERO'S T 1 019903-NERO'S 65.00 3.90 68.90 MAR1 6.000
INVOICE TOTAL............... 65.00 3.90 68.90 **
NE0206-0000 017028-NERO'S T 1 017028-NERO'S 118.90 7.73 126.63 DUV1 6.500
INVOICE TOTAL............... 118.90 7.73 126.63 **
NE0306-0000 020199-NERO'S T 1 020199-NERO'S 56.00 3.36 59.36 ALA1 6.000
INVOICE TOTAL............... 56.00 3.36 59.36 **
PA0106-0000 020868-ITALIAN FOODS ENTERPRISES T 2 020765-PASTA FAIR 75.00 4.50 79.50 MAR1 6.000
INVOICE TOTAL............... 75.00 4.50 79.50 **
PA0126-0000 020868-ITALIAN FOODS ENTERPRISES T 2 019171-PASTA MARKET 75.00 4.50 79.50 ALA1 6.000
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB210 FLORIDA SOUND ENGINEERING CO. PAGE 90
1/01/96 9:11:37 REOCCURRING MONTHLY BILLING PROOF INVOICE DATE- 1/01/96
MONTHLY SALES TAX
CONTRACT # BILL TO CUSTOMER SERV LVL SERVICE LOCATION SERVICE TAX TOTAL CODE - %
<S> <C> <C> <C> <C> <C> <C> <C>
INVOICE TOTAL............... 75.00 4.50 79.50 **
PA0206-0000 020868-ITALIAN FOODS ENTERPRISES T 2 019913-PASTA FAIR 75.00 4.50 79.50 MAR1 6.000
INVOICE TOTAL............... 75.00 4.50 79.50 **
PI0116-0000 019248-CHAMPIONS RESTAURANT T 2 002285-PINE LAKES COUNTRY CLUB 102.85 7.20 110.05 FLG1 7.000
INVOICE TOTAL............... 102.85 7.20 110.05 **
SA0316-0000 020482-SAN MARCO GRILLE T 2 017160-SAN MARCO GRILLE 103.13 6.19 109.32 STJ1 6.000
INVOICE TOTAL............... 103.13 6.19 109.32 **
SHO106-0000 020790-SHANDS HOME HEALTH CARE T 1 020790-SHANDS HOME HEALTH CARE 55.00 .00 55.00 ALAO .000
INVOICE TOTAL............... 55.00 .00 55.00 **
SO0806-0000 000026-SONNY'S T 1 000026-SONNY'S 97.35 5.84 103.19 STJ1 6.000
INVOICE TOTAL............... 97.35 5.84 103.19 **
SO1076-0000 002668-SONNY'S T 1 002668-SONNY'S 95.00 6.65 101.65 PRD1 7.000
INVOICE TOTAL............... 95.00 6.65 101.65 **
ST0106-0000 020712-ST. AUGUSTINE ANIMAL CLINIC T 1 020172-ST. AUGUSTINE ANIMAL CLINIC 53.00 3.18 56.18 STJ1 6.000
INVOICE TOTAL............... 53.00 3.18 56.18 **
VIO166-0000 020623-VITO'S ITALIAN CAFE T 1 020623-VITO'S ITALIAN CAFE 65.00 4.23 69.23 DUV1 6.500
INVOICE TOTAL............... 65.00 4.23 69.23 **
WH0106-0000 017707-WHITE LION T 1 017707-WHITE LION 99.00 5.94 104.94 STJ1 6.000
INVOICE TOTAL............... 99.00 5.94 104.94 **
YA0106-0000 002650-ST. AUGUSTINE OLDSMOBILE- T 1 002650-ST. AUGUSTINE OLDSMOBILE- 55.00 3.30 58.30 STJ1 6.000
INVOICE TOTAL............... 55.00 3.30 58.30 **
ZA0206-0000 017921-ZAHARIA'S RESTAURANTS T 1 017921-ZAHARIA'S RESTAURANT 42.90 2.57 45.47 STJ1 6.000
INVOICE TOTAL............... 42.90 2.57 45.47 **
T SERVICE TOTAL............... 2470.91 143.73 2614.64 ***
GRAND TOTAL.............13846.16 6478.51 144940.67 ****
0 quarterly, annually or other
irregular billing included 11,776.78
acct RH0107 contains aggregate year
Xmas billing (65.00)
acct ME0148 normally 65.00
not 100.00 (35.00)
----------
Total regular monthly
(inclusive of quarterly, annually,
or other) 126,585.38
==========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB215 FLORIDA SOUND ENGINEERING CO. PAGE 1
1/01/96 8:54:51 IRREGULAR BILLING CONTRACTS
BILL CONTRACT ----BILLING PATTERN---- ---MONTHLY AMOUNT--- TYPE
CYCLE NUMBER CUSTOMER J F M A M J J A S O N D GROSS MUSIC SERVICE
<S> <C> <C> <C> <C> <C> <C>
Q AL0107-0000 18983-ALBERTSON'S INC. Y Y Y Y 45.00 34.00 MUZAK
Q AL0110-0000 18983-ALBERTSON'S INC. Y Y Y Y 45.00 34.00 MUZAK
Q AL0120-0000 18983-ALBERTSON'S INC. Y Y Y Y 45.00 34.00 MUZAK
Q AL0130-0000 18983-ALBERTSON'S INC. Y Y Y Y 45.00 34.00 MUZAK
Q AL0140-0000 18983-ALBERTSON'S INC. Y Y Y Y 45.00 34.00 MUZAK
Q AL0150-0000 18983-ALBERTSON'S INC. Y Y Y Y 45.00 34.00 MUZAK
Q AL0160-0000 18983-ALBERTSON'S INC. Y Y Y Y 45.00 34.00 MUZAK
Q AL0170-0000 18983-ALBERTSON'S INC. Y Y Y Y 45.00 34.00 MUZAK
Q AL0175-0000 18983-ALBERTSON'S INC. Y Y Y Y 45.00 34.00 MUZAK
Q AL0180-0000 18983-ALBERTSON'S INC. Y Y Y Y 45.00 34.00 MUZAK
Q CA0130-0000 18671-CARLY_E & CO. Y Y Y Y 50.00 50.00 MUZAK
Q CA0160-0000 18671-CARLY_E & CO. Y Y Y Y 50.00 50.00 MUZAK
A CE0800-0000 17683-FRANK_IN MORTGAGE CAPITOL CORP Y 42.00 31.00 MUZAK
A CR0113-0000 18030-CRAB TRAP RESTAURANT Y 38.50 27.50 MUZAK
A CR0123-0000 19002-CRABDADDY'S Y 65.00 60.00 MUZAK
A FR0107-0000 20053-FRIENDSHIP CTR. MERCHANTS ASSO Y 84.50 45.00 MUZAK
Q GE0130-0000 20411-INDEPENDENCE COMMUNICATIONS Y Y Y Y 34.00 23.00 MUZAK
A HE0110-0000 20034-HERITAGE WALK Y 35.00 35.00 MUZAK
A LU0100-0000 17756-LUCAS BILLIARDS Y 41.67 41.67 MUZAK
Q ME0114-0000 20590-MUZAK/MERVYN'S Y Y Y Y 44.00 33.00 MUZAK
Q ME0124-0000 20590-MUZAK/MERVYN'S Y Y Y Y 44.00 33.00 MUZAK
A OW0110-0000 20423-OWENS CORNING Y 49.50 38.50 MUZAK
A RE0140-0000 20284-SHANDS TEACHING HOSPITAL Y 45.00 34.00 MUZAK
I SA0140-0000 17331-SAWGRASS COUNTRY CLUB Y Y Y Y Y Y Y 185.00 155.00 MUZAK
A SH0110-0000 20284-SHANDS TEACHING HOSPITAL Y 45.00 45.00 MUZAK
A SH0120-0000 20284-SHANDS TEACHING HOSPITAL Y 45.00 34.00 MUZAK
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB215 FLORIDA SOUND ENGINEERING CO. PAGE 2
1/01/96 8:54:51 IRREGULAR BILLING CONTRACTS
BILL CONTRACT ----BILLING PATTERN---- -----MONTHLY AMOUNT----- TYPE
CYCLE NUMBER CUSTOMER J F M A M J J A S O N D GROSS MUSIC SERVICE
<S> <C> <C> <C> <C>
A SH0125-0000 20284 - SHANE'S TEACHING HOSPITAL Y 69.00 69.00 MUZAK
A ST0020-0000 20519 - MUZAK/STATE FARM Y 60.00 49.00 MUZAK
A ST0080-0000 20519 - MUZAK/STATE FARM Y 45.00 34.00 MUZAK
A ST0090-0000 20519 - MUZAK/STATE FARM Y 45.00 34.00 MUZAK
A ST0107-0000 20519 - MUZAK/STATE FARM Y 45.00 34.00 MUZAK
A ST0115-0000 20519 - MUZAK/STATE FARM Y 60.00 49.00 MUZAK
A ST0560-0000 20519 - MUZAK/STATE FARM Y 60.00 49.00 MUZAK
A ST0600-0000 20519 - MUZAK/STATE FARM Y 119.69 80.77 MUZAK
A TR0113-0000 19498 - TRUST COMPANY BANK OF SE GA Y 78.59 73.59 MUZAK
A TR0403-0001 14905 - TRUST COMPANY BANK OF Y 46.59 46.59 MUZAK
A TR0403-0002 14905 - TRUST COMPANY BANK OF Y 46.59 35.59 MUZAK
A TR0403-0003 14905 - TRUST COMPANY BANK OF Y 53.24 53.24 MUZAK
A TR0403-0004 14905 - TRUST COMPANY BANK OF Y 46.59 46.59 MUZAK
A TR0403-0005 14905 - TRUST COMPANY BANK OF Y 46.59 46.59 MUZAK
A TR0403-0007 14905 - TRUST COMPANY BANK OF Y 45.00 45.00 MUZAK
Q WA0100-0000 19776 - MUZAK/WALGREENS Y Y Y Y 156.00 90.00 MUZAK
Q WA0107-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 15.00 MUZAK
Q WA0110-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 15.00 MUZAK
Q WA0120-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 15.00 MUZAK
Q WA0130-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 15.00 MUZAK
Q WA0140-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 15.00 MUZAK
Q WA0150-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 15.00 MUZAK
Q WA0160-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 15.00 MUZAK
Q WA0170-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 15.00 MUZAK
Q WA0180-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 15.00 MUZAK
Q WA0190-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 15.00 MUZAK
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB215 FLORIDA SOUND ENGINEERING CO. PAGE 3
1/01/96 8:54:51 IRREGULAR BILLING CONTRACTS
BILL CONTRACT CUSTOMER ----BILLING PATTERN---- ----MONTHLY AMOUNT---- TYPE
CYCLE NUMBER J F M A M J J A S O N D GROSS MUSIC SERVICE
<C> <C> <C> <S> <C> <C> <C> <C> <C>
Q WA0200-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 XX 15.00 MUZAK
Q WA0207-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 XX 15.00 MUZAK
Q WA0210-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 XX 15.00 MUZAK
Q WA0240-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 XX 15.00 MUZAK
Q WA0340-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 XX 15.00 MUZAK
Q WA0350-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 XX 15.00 MUZAK
Q WA0360-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 XX 15.00 MUZAK
Q WA0370-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 XX 15.00 MUZAK
Q WA0507-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 XX 15.00 MUZAK
Q WA0707-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00 XX 15.00 MUZAK
Cover. Bill only
I WA0408-0000 2259 - THE NEW SCHOOL Y Y Y Y Y Y Y Y Y 24.38 XX .00 9 mo. as year
Q DO0108-0000 20676 - DOLPHIN RESTAURANT Y Y Y Y 40.00 XX 40.00
-------
2955.43
=======
</TABLE>
X -- no billing in 1/1/96 R/B format
XX -- quarterly, annual or other irregular in 1/1/96 R/B journal
<PAGE>
<TABLE>
<CAPTION>
All Business Activities FLORIDA SOUND ENGINEERING, INC. Client: FSE
01/26/95 09:10 am Loc. # 1 - 999 Gr. # 1 - 999 Tax Dep. Summary By Group Period 1/01/94 - 12/31/94 Page 1
Num Loc Property Description Acquired Cost Exp/AFD Prior Dep. Cur Dep. End. Dep. Net Book V.
- ----- --- -------------------------------------- -------- ------------ ------- ------------ -------- ---------- -----------
NUR Sp Mth CL Life SV or Bus I ITC
- --- -- --- -- ------ ----------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Group # 1 - EQUIPMENT ON LOCATION
23 1 1982-83 ADDITIONS 3/31/82 20,685.80 0.00 20,685.80 0.00 20,685.80 0.00
N R 5.0 2068.58 Sold: 12/31/94
24 1 1982-83 ADDITIONS 3/31/83 62,057.41 0.00 58,954.54 0.00 58,954.54 3,102.87
N R 5.0 6205.74H
25 1 1983-84 ADDITIONS 3/31/84 125,942.72 0.00 119,645.58 0.00 119,645.58 6,297.14
N R 5.0 12594.27H
26 1 1983-84 ADDITIONS 11/01/83 13,814.00 0.00 13,123.30 0.00 13,123.30 690.70
U R 5.0 1381.40H
27 1 1984-85 ADDITIONS 3/31/85 112,490.66 5,000.00 107,116.12 0.00 107,116.12 5,374.54
N R 5.0 10749.07H
28 1 1985 ADDITIONS 11/30/85 29,701.00 5,000.00 29,701.00 0.00 29,701.00 0.00
N D 5.0 5.0000 1928.08E
29 1 1986 ADDITIONS 4/30/86 89,103.24 0.00 89,103.24 0.00 89,103.24 0.00
N D 5.0 5.0000
30 1 10/1 - 12/31 ADDITIONS 10/31/86 29,700.00 0.00 29,700.00 0.00 29,700.00 0.00
N D 5.0 5.0000
31 1 1987 ADDITIONS 6/30/87 69,976.93 10000.00 65,692.85 4,284.08 69,976.93 0.00
N SL 7.0000 0.00
32 1 1988 ADDITIONS 6/30/88 124,636.59 0.00 97,928.76 17,805.23 115,733.99 8,902.60
N S 7.0
33 1 1989 ADDITIONS 6/30/89 59,233.27 10000.00 41,649.94 7,033.32 48,683.26 10,550.01
N S 7.0
34 1 1990 ADDITIONS 6/30/90 223,063.85 0.00 111,531.91 31,866.26 143,398.17 79,665.68
N S 7.0
35 1 1991 ADDITIONS 6/30/91 258,590.64 0.00 92,353.80 36,941.52 129,295.32 129,295.32
N S 7.0
36 1 1992 ADDITIONS 6/30/92 298,766.28 0.00 64,021.35 42,680.90 106,702.25 192,064.03
N S 7.0
37 1 OCALA ADDITION 9/30/92 77,887.01 0.00 16,690.08 11,126.72 27,816.80 50,070.21
U S 7.0
38 1 1993 ADDITIONS 6/30/93 218,954.09 0.00 15,639.58 31,279.16 46,918.74 172,035.35
N S 7.0
39 1 1994 ADDITIONS 6/30/94 149,813.58 0.00c 0.00 10,700.97 10,700.97 139,112.61
N S 7.0
----------- -------- ---------- ---------- ----------- -----------
Group Totals 1964,417.07 0.00c 973,537.85 193,718.16 1167,256.01 797,161.06
Less: Dispositions 20,685.80 20,685.80 20,685.80 0.00
----------- -------- ---------- ---------- ----------- -----------
Net Group Totals 1943,731.27 0.00c 952,852.05 193,718.16 1146,570.21 797,161.06
----------- -------- ---------- ---------- ----------- -----------
Group # 2 - STUDIO EQUIPMENT
31 1 MOSLEY SUBCARRIER GE 5/06/85 907.04 0.00 907.04 0.00 907.04 0.00
N R 5.0 90.70
32 1 AUDIO SPEC ANALYZER 11/23/82 3,430.50 0.00 3,430.50 0.00 3,430.50 0.00
N R 5.0 343.05
36 1 HM 103 OSCILLOSCOPE 10/13/83 458.39 0.00 435.47 0.00 435.47 22.92
N R 5.0 45.84H
38 1 FC 30 SCA GENERATOR 2/21/84 1,501.46 0.00 1,426.38 0.00 1,426.38 75.08
N R 5.0 150.15H
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
All Business Activities FLORIDA SOUND ENGINEERING, INC. Client: FSE
01/26/95 09:10 am Loc. # 1 - 999 Gr. # 1 - 999 Tax Dep. Summary By Group Period 1/01/94 - 12/31/94 Page 2
Num Loc Property Description Acquired Cost Exp/AFD Prior Dep. Cur Dep. End. Dep. Net Book V.
- ----- --- -------------------------------------- -------- ------------ ------- ------------ -------- ---------- -----------
NUR Sp Mth CL Life SV or Bus I ITC
- --- -- --- -- ------ ----------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Group # 2 - STUDIO EQUIPMENT (Continued)
39 1 AUDIO ANALYZER 10/23/84 1,448.00 0.00 1,375.60 0.00 1,375.60 72.40
N R 5.0 144.80H
44 1 SPECTRUM ANALYZER 6/14/85 3,465.81 0.00 3,292.52 0.00 3,292.52 173.29
N R 5.0 346.58H
45 1 NOISE GENERATOR 6/14/85 345.00 0.00 327.75 0.00 327.75 17.25
N R 5.0 34.50H
46 1 LOFTECH AUD TEST SET 7/02/85 206.13 0.00 195.82 0.00 195.82 10.31
N R 5.0 20.61H
51 1 DIGITAL MULTIMETER 8/07/85 780.30 0.00 741.28 0.00 741.28 39.02
N R 5.0 78.03H
54 1 FC 30 SCA GENERATOR 9/30/85 1,652.23 0.00 1,569.62 0.00 1,569.62 82.61
N R 5.0 165.22H
55 1 FIVE HATALA WORKBENCHES 10/11/85 897.57 0.00 897.57 0.00 897.57 0.00
N O 5.0 5.0000 71.81E
56 1 102DA ALIGNMENT GENERATR 10/30/85 3,992.75 0.00 3,992.75 0.00 3,992.75 0.00
N O 5.0 5.0000 319.42E
58 1 1631 DEMODULATOR 1/31/86 396.73 0.00 396.73 0.00 396.73 0.00
N O 5.0 5.0000
60 1 SEEBURG EQPT - WAYCROSS 7/25/86 3,604.58 0.00 3,604.58 0.00 3,604.58 0.00
N O 5.0 5.0000
61 1 TWD 1631 DEMODULATORS 9/17/86 876.30 0.00 876.30 0.00 876.30 0.00
N O 5.0 5.0000
62 1 DEMODULATOR 10/01/86 655.13 0.00 655.13 0.00 655.13 0.00
N O 5.0 5.0000
63 1 MOD-SCA 186 SIDEKICK 1/08/87 2,793.25 0.00 2,793.25 0.00 2,793.25 0.00
N SL 7.0000 0.00
64 1 2 MOD 6002-12 REMOTE CON 9/04/87 1,390.00 0.00 1,257.61 132.39 1,390.00 0.00
N SL 7.0000 0.00
65 1 MOD SCA 186 SIDEKICK 11/19/87 2,774.30 0.00 2,411.01 363.29 2,774.30 0.00
N SL 7.0000 0.00
66 1 SATELLITE MON & CONTROL 12/18/87 213.88 0.00 183.30 30.58 213.88 0.00
N SL 7.0000 0.00
67 1 TEF 12 PLUS 7/15/88 11,010.73 0.00 8,651.28 1,572.96 10,224.24 786.49
N S 7.0
68 1 TEF MD-1 7/15/88 1,034.17 0.00 812.57 147.74 960.31 73.86
N S 7.0
69 1 METER 8/10/88 223.43 0.00 175.56 31.92 207.48 15.95
N S 7.0
70 1 METER & DEMODULATOR 7/22/88 793.46 0.00 623.43 113.35 736.78 56.68
N S 7.0
71 1 MOTOROLA 2 WAY RADIO 10/04/90 878.50 0.00 439.25 125.50 564.75 313.75
N S 7.0
72 1 2 TRANSMITTERS 6/14/91 28,831.00 0.00 10,296.78 4,118.71 14,415.49 14,415.51
N S 7.0
73 1 ANTENNA SET UP-NEW SITE 7/10/91 4,456.00 0.00 1,591.43 636.57 2,228.00 2,228.00
N S 7.0
74 1 UNITS FOR TRANSMITTERS 7/01/91 804.93 0.00 287.47 114.99 402.46 402.47
N S 7.0
75 1 956 TRANSMITTER 12/01/91 3,470.60 0.00 1,239.50 495.80 1,735.30 1,735.30
N S 7.0
</TABLE>
c - Current Year Section 179
<PAGE>
<TABLE>
<CAPTION>
All Business Activities FLORIDA SOUND ENGINEERING, INC. Client: FSE
01/26/95 09:10 am Loc. # 1 - 999 Gr. # 1 - 999 Tax Dep. Summary By Group Period 1/01/94 - 12/31/94 Page 3
Num Loc Property Description Acquired Cost Exp/AFD Prior Dep. Cur Dep. End. Dep. Net Book V.
- ----- --- -------------------------------------- -------- ------------ ------- ------------ -------- ---------- -----------
NUR Sp Mth CL Life SV or Bus % ITC
- --- -- --- -- ------ ----------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Group # 2 - STUDIO EQUIPMENT (Continued)
76 1 MOTOROLA MAXTRAC 6/10/93 1,351.56 0.00 96.54 193.08 289.62 1,061.94
N S 7.0
77 1 SAMPSON ANAL MTR CS 6/03/94 212.13 0.00c 0.00 15.15 15.15 196.98
N S 7.0
78 1 VTG 100 (15-125 KHZ) 9/28/94 1,805.99 0.00c 0.00 129.00 129.00 1,676.99
N S 7.0
79 1 WAREHOUSE SHELVING 11/14/94 3,032.44 0.00c 0.00 216.60 216.60 2,815.84
N S 7.0
----------- ------- ----------- -------- ---------- -----------
Group Totals 89,694.26 0.00c 54,984.02 8,437.63 63,421.65 26,272.64
----------- ------- ----------- -------- ---------- -----------
Group # 3 - OFFICE EQUIPMENT
32 1 FOUR PAINTINGS 8 X 10 3/31/69 1,000.00 0.00 1,000.00 0.00 1,000.00 0.00
N SL 10.0000 0.00 70.00
35 1 PLAID VELVET SOFA 3/31/69 599.25 0.00 599.25 0.00 599.25 0.00
N SL 10.0000 0.00 41.95
36 1 TWO OPEN ARM CHAIRS 3/31/69 330.91 0.00 330.91 0.00 330.91 0.00
N SL 10.0000 0.00 23.16
37 1 TWO LAMP TABLES 3/31/69 252.06 0.00 252.06 0.00 252.06 0.00
N SL 10.0000 0.00 17.64
39 1 2 CHAIRS CHENILLE 3/31/69 438.19 0.00 438.19 0.00 439.19 0.00
N SL 10.0000 0.00 30.67
39 1 SOFA 3/31/69 471.80 0.00 471.80 0.00 471.80 0.00
N SL 10.0000 0.00 33.03
40 1 TUB CHAIR 3/31/69 200.35 0.00 200.35 0.00 200.35 0.00
N SL 10.0000 0.00 14.02
42 1 GLASS TOP COCKTAIL TABLE 3/31/69 180.32 0.00 180.32 0.00 180.32 0.00
N SL 10.0000 0.00 12.62
44 1 FOUR OPEN ARM CHAIRS 3/31/69 661.81 0.00 661.81 0.00 661.81 0.00
N SL 10.0000 0.00 46.33
45 1 TWO LAMP TABLES 3/31/69 96.94 0.00 96.94 0.00 96.94 0.00
N SL 10.0000 0.00 6.79
48 1 GOLD SWIVEL CHAIR 3/31/69 224.18 0.00 224.18 0.00 224.18 0.00
N SL 10.0000 0.00 15.69
49 1 CAMPAIGN CHEST 3/31/63 162.98 0.00 162.98 0.00 162.98 0.00
N SL 10.0000 0.00 11.41
50 1 TWO LAMPS 3/31/69 129.72 0.00 129.72 0.00 129.72 0.00
N SL 10.0000 0.00 9.08
51 1 LAMP 3/31/69 52.55 0.00 52.55 0.00 52.55 0.00
N SL 10.0000 0.00 3.68
51 1 TWO LAMPS 3/31/69 205.57 0.00 205.57 0.00 205.57 0.00
N SL 10.0000 0.00 14.39
54 1 TWO LAMPS 3/31/69 168.07 0.00 168.07 0.00 168.07 0.00
N SL 10.0000 0.00 11.76
58 1 STEELCASE DESK 3/31/69 231.00 0.00 231.00 0.00 231.00 0.00
N SL 10.0000 0.00 16.17
59 1 STEELCASE ARM CHAIR 3/31/69 153.75 0.00 153.75 0.00 153.75 0.00
N SL 10.0000 0.00 10.76
61 1 FRAMES FOR RECORDS 3/31/69 90.75 0.00 90.75 0.00 90.75 0.00
N SL 10.0000 0.00 6.35
</TABLE>
c - Current Year Section 179
<PAGE>
<TABLE>
<CAPTION>
All Business Activities FLORIDA SOUND ENGINEERING, INC. Client: FSE
01/26/95 09:10 am Loc. # 1 - 999 Gr. # 1 - 999 Tax Dep. Summary By Group Period 1/01/94 - 12/31/94 Page 4
Num Loc Property Description Acquired Cost Exp/AFD Prior Dep. Cur Dep. End. Dep. Net Book V.
- ----- --- -------------------------------------- -------- ------------ ------- ------------ -------- ---------- -----------
NUR Sp Mth CL Life SV or Bus I ITC
- --- -- --- -- ------ ----------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Group # 3 - OFFICE EQUIPMENT (Continued)
62 1 STEELCASE DESK 3/31/69 231.00 0.00 231.00 0.00 231.00 0.00
N SL 10.0000 0.00 16.17
67 1 BOOK TABLE 11/17/69 188.49 0.00 188.49 0.00 188.49 0.00
N SL 10.0000 0.00
68 1 SOFA TABLE 11/17/69 134.73 0.00 134.73 0.00 134.73 0.00
N SL 10.0000 0.00
69 1 COCKTAIL TABLE 11/17/69 372.79 0.00 372.79 0.00 372.79 0.00
N SL 10.0000 0.00
70 1 CORNER TABLE 11/17/69 66.32 0.00 66.32 0.00 66.32 0.00
N SL 10.0000 0.00
73 1 STEELCASE DESK 11/19/69 240.24 0.00 240.24 0.00 240.24 0.00
N SL 10.0000 0.00
74 1 STEELCASE CHAIR 11/19/69 159.90 0.00 159.90 0.00 159.90 0.00
N SL 10.0000 0.00
76 1 THREE OPEN ARM CHAIRS 12/31/69 530.73 0.00 530.73 0.00 530.73 0.00
N SL 10.0000 0.00
78 1 CIGARETTE TABLE 12/31/69 26.95 0.00 26.95 0.00 26.95 0.00
N SL 10.0000 0.00
80 1 LAMP 12/31/69 61.69 0.00 61.69 0.00 61.69 0.00
N SL 10.0000 0.00
82 1 CHAIR 7/15/87 72.45 0.00 67.28 5.17 72.45 0.00
N SL 7.0000 0.00
84 1 TWO SHOP CHAIRS 6/11/70 86.24 0.00 86.24 0.00 86.24 0.00
N SL 10.0000 0.00
95 1 STEELCASE CREDENZA 9/29/71 348.40 0.00 348.40 0.00 348.40 0.00
N D3 10.0000 0.00
125 1 BLK FIREPROOF FILE-SAFE 10/17/75 456.56 0.00 456.56 0.00 456.56 0.00
N D3 10.0000 0.00 45.66
131 1 STLCASE WD DESK/CREDENZA 9/30/76 990.29 0.00 990.29 0.00 990.29 0.00
N D3 10.0000 0.00 99.03
134 1 STEELCASE CHAIR 10/30/76 160.37 0.00 160.37 0.00 160.37 0.00
N D3 10.0000 0.00 16.04
140 1 STEELCASE DESK 1/10/78 287.04 0.00 287.04 0.00 287.04 0.00
N D3 10.0000 0.00 28.70
141 1 EXECUTIVE SWIVEL CHAIR 1/10/78 360.36 0.00 360.36 0.00 360.36 0.00
N D3 10.0000 0.00 36.04
142 1 SWIVEL CHAIR 1/10/78 174.72 0.00 174.72 0.00 174.72 0.00
N D3 10.0000 0.00 17.47
143 1 STEELCASE DESK 1/10/78 287.04 0.00 287.04 0.00 287.04 0.00
N D3 10.0000 0.00 28.70
144 1 STEEL SHELVING 2/21/78 636.10 0.00 636.10 0.00 636.10 0.00
N D3 10.0000 0.00 63.61
145 1 STEEL SHELVING 3/30/78 177.06 0.00 177.06 0.00 177.06 0.00
N D3 10.0000 0.00 17.71
148 1 STEELCASE CHAIR 4/12/78 234.00 0.00 234.00 0.00 234.00 0.00
N D3 10.0000 0.00 23.40
149 1 O B DESK W/LOCK 5/12/78 468.00 0.00 468.00 0.00 468.00 0.00
N D3 10.0000 0.00 46.80
157 1 METAL SHELVING 2/14/80 257.66 0.00 257.66 0.00 257.66 0.00
N D3 10.0000 0.00 25.77
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
All Business Activities FLORIDA SOUND ENGINEERING, INC. Client: FSE
01/26/95 09:10 am Loc. # 1 - 999 Gr. # 1 - 999 Tax Dep. Summary By Group Period 1/01/94 - 12/31/94 Page 5
Num Loc Property Description Acquired Cost Exp/AFD Prior Dep. Cur Dep. End. Dep. Net Book V.
- ----- --- -------------------------------------- -------- ------------ ------- ------------ -------- ---------- -----------
NUR Sp Mth CL Life SV or Bus % ITC
- --- -- --- -- ------ ----------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Group # 3 - OFFICE EQUIPMENT (Continued)
159 1 BEGGAR PRINT 5/03/80 306.80 0.00 306.80 0.00 306.80 0.00
N D3 10.000 0.00 30.68
166 1 CLOWN PAINTING 3/31/82 3,525.00 0.00 3,525.00 0.00 3,525.00 0.00
N R 5.0 352.50
167 1 SCHWAB FIRE FILE 10/27/82 731.33 0.00 731.33 0.00 731.33 0.00
N R 5.0 73.13
168 1 (2) CAPTAIN'S CHAIRS 11/12/82 863.10 0.00 863.10 0.00 863.10 0.00
N R 5.0 86.31
170 1 DRAFTING TABLE 1/31/83 262.50 0.00 249.37 0.00 249.37 13.13
N R 5.0 26.25H
173 1 TELEPHONE SYSTEM 6/17/83 11,077.50 0.00 10,523.62 0.00 10,523.62 553.88
N R 5.0 1107.75H
174 1 CHECK PROTECTOR 4/25/83 537.08 0.00 510.22 0.00 510.22 26.86
N R 5.0 53.71H
175 1 STEELCASE LATERAL FILE 6/20/83 651.72 0.00 619.13 0.00 619.13 32.59
N R 5.0 65.17H
176 1 STEELCASE STORAGE CAB 6/20/83 321.00 0.00 304.95 0.00 304.95 16.05
N R 5.0 32.10H
178 1 P-B MAILING MACHINE 7/31/84 450.44 0.00 427.92 0.00 427.92 22.52
U R 5.0 45.04H
180 1 BAND SAW & CHESTS 12/18/84 682.47 0.00 648.34 0.00 648.34 34.13
N R 5.0 68.25H
181 1 WRAP AROUND DESK 2/27/85 1,050.00 0.00 997.50 0.00 997.50 52.50
N R 5.0 105.00H
182 1 TABLE SAW 3/14/85 417.32 0.00 396.45 0.00 396.45 20.87
N R 5.0 41.73H
184 1 (2) CHAIRS 8/30/85 131.78 0.00 125.19 0.00 125.19 6.59
N R 5.0 13.18H
185 1 SONY CAMCORDER 12/18/85 1,600.00 0.00 1,600.00 0.00 1,600.00 0.00
N O 5.0000 128.00E
186 1 MINOLTA COPIER 5/23/86 7,831.06 0.00 7,831.06 0.00 7,831.06 0.00
N O 5.0 5.0000
187 1 FELLOWS SHREDDER 7/21/86 2,608.52 0.00 2,608.52 0.00 2,608.52 0.00
N O 5.0 5.0000
189 1 SIDE DESK 10/31/86 303.45 0.00 303.45 0.00 303.45 0.00
N O 5.0 5.0000
190 1 STEELCASE CABINET 3/27/87 355.95 0.00 343.24 12.71 355.95 0.00
N SL 7.0000 0.00
193 1 CHAIR 7/15/87 78.73 0.00 73.12 5.61 78.73 0.00
N SL 7.0000 0.00
194 1 (2) DRAWER FILE CAB 1/22/88 92.39 0.00 72.60 13.20 85.80 6.59
N S 7.0
196 1 KIRBY VACUUM 9/02/88 842.80 0.00 662.20 120.40 782.60 60.20
N S 7.0
199 1 OLIVETTI FAX MACHINE 10/18/89 3,828.68 0.00 2,461.28 546.95 3,008.23 820.45
N S 7.0
200 1 MOD 6783 IBM THPEWRITER 4/13/90 649.65 0.00 324.83 92.81 417.64 232.01
N S 7.0
201 1 MOD 6783 IBM THPEWRITER 4/13/90 649.65 0.00 324.83 92.81 417.64 232.01
N S 7.0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
All Business Activities FLORIDA SOUND ENGINEERING, INC. Client: FSE
01/26/95 09:10 am Loc. # 1 - 999 Gr. # 1 - 999 Tax Dep. Summary By Group Period 1/01/94 - 12/31/94 Page 6
Num Loc Property Description Acquired Cost Exp/AFD Prior Dep. Cur Dep. End. Dep. Net Book V.
- ----- --- -------------------------------------- -------- ------------ ------- ------------ -------- ---------- -----------
NUR Sp Mth CL Life SV or Bus % ITC
- --- -- --- -- ------ ----------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Group # 3 - OFFICE EQUIPMENT (continued)
202 1 FILE CABINETS 6/16/90 990.03 0.00 495.01 141.43 636.44 353.59
N S 7.0
203 1 COUNTER TOP - CLOSS OFF 6/20/90 1,096.95 0.00 548.48 156.71 705.19 391.76
N S 7.0
204 1 CONF ROOM TABLE 6/13/90 1,415.39 0.00 707.70 202.20 909.90 505.49
N S 7.0
205 1 6 CONF ROOM CHAIRS 6/13/90 2,971.35 0.00 1,485.68 424.48 1,190.16 1,061.19
N S 7.0
206 1 BREAK ROOM TABLE 6/13/90 383.40 0.00 191.70 54.77 246.47 136.93
N S 7.0
207 1 6 BREAK ROOM CHAIRS 6/13/90 337.39 0.00 168.70 48.20 216.90 120.49
N S 7.0
208 1 KIMBALL DESK 6/21/90 1,432.43 0.00 716.21 204.63 920.84 511.59
N S 7.0
209 1 KIMBALL CREDENZA 6/21/90 1,153.33 0.00 576.66 164.76 741.42 411.91
N S 7.0
210 1 LEATHER CHAIR 6/21/90 933.00 0.00 466.51 133.29 599.80 333.20
N S 7.0
212 1 BLUE UNITED CHAIR 6/11/90 317.69 0.00 158.83 45.38 204.21 113.48
N S 7.0
213 1 CARPET - OLD AREA 6/27/90 4,666.83 0.00 2,333.42 666.69 3,000.11 1,666.72
N S 7.0
214 1 RECEPTION COUNTER 6/26/90 3,835.74 0.00 1,917.86 547.96 2,465.82 1,369.92
N S 7.0
215 1 DRAFTING TABLE - M.C. 6/26/90 747.63 0.00 373.80 106.80 480.60 267.03
N S 7.0
216 1 RECEPTION AREA TILE 6/27/90 963.83 0.00 481.92 137.69 619.61 344.22
N S 7.0
217 1 FURNITURE - CLOSS OFF 6/27/90 709.29 0.00 354.65 101.33 455.98 253.31
N S 7.0
218 1 6 MINIBLINDS 6/28/90 594.80 0.00 297.40 84.97 382.37 212.43
N S 7.0
220 1 CONF TABLE W/BASE 6/28/90 763.61 0.00 381.81 109.09 490.90 272.71
N S 7.0
221 1 2 S98 GUEST CHAIRS 6/28/90 530.37 0.00 265.19 75.77 340.96 189.41
N S 7.0
222 1 REUPHOLSTER SOFA 6/28/90 1,160.85 0.00 580.44 165.84 746.28 414.57
N S 7.0
223 1 DRAFTING TABLE - MAC 8/15/90 1,178.16 0.00 589.08 168.31 757.39 420.77
N S 7.0
224 1 BLUEPRINT HOLDER COVER 7/26/90 102.24 0.00 51.13 14.61 65.74 36.50
N S 7.0
225 1 SECRETARY CHAIR 8/08/90 314.50 0.00 157.25 44.93 202.18 112.32
N S 7.0
226 1 2 SEC CHAIRS - NAVY 8/08/90 573.71 0.00 286.86 81.96 368.82 204.89
N S 7.0
227 1 2 OAK CHAIRS - LOBBY 7/30/90 581.49 0.00 290.75 83.07 373.82 207.67
N S 7.0
228 1 CORNER TABLE 30 X 30 7/10/90 108.47 0.00 54.25 15.50 69.75 38.72
N S 7.0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
All Business Activities FLORIDA SOUND ENGINEERING, INC. Client: FSE
01/26/95 09:10 am Loc. # 1 - 999 Gr. # 1 - 999 Tax Dep. Summary By Group Period 1/01/94 - 12/31/94 Page 7
Num Loc Property Description Acquired Cost Exp/AFD Prior Dep. Cur Dep. End. Dep. Net Book V.
- ----- --- -------------------------------------- -------- ------------ ------- ------------ -------- ---------- -----------
NUR Sp Mth CL Life SV or Bus I ITC
- --- -- --- -- ------ ----------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Group # 3 - OFFICE EQUIPMENT (Continued)
229 1 4 WALNUT-BLUE CHAIRS 9/17/90 2,918.10 0.00 1,459.05 416.87 1,875.92 1,042.18
N S 7.0
230 1 2 WALNUT CH-TAUPE/BLUE 9/17/90 956.37 0.00 478.17 136.62 614.79 341.58
N S 7.0
231 1 PORTABLE PHONE 8/16/90 605.99 0.00 303.00 86.57 389.57 216.42
N S 7.0
232 1 WATER COOLER - SHOP 9/13/90 191.67 0.00 95.83 27.38 123.21 68.46
N S 7.0
233 1 CONF ROOM CABINET 10/08/90 1,970.25 0.00 985.11 281.46 1,266.57 703.68
N S 7.0
234 1 WHIRLPOOL REFIGERATOR 5/31/90 521.00 0.00 260.50 74.43 334.93 186.07
N S 7.0
235 1 WHIRLPOOL COMPACTOR 5/31/90 321.00 0.00 160.51 45.86 206.37 114.63
N S 7.0
236 1 WHIRLPOOL DISHWASHER 5/31/90 247.00 0.00 123.51 35.29 158.80 88.20
N S 7.0
237 1 LAMP - WHITE 1/17/91 89.46 0.00 31.95 12.78 44.73 44.73
N S 7.0
238 1 PRINTS - M.C. OFFICE 3/0191 840.00 0.00 300.00 120.00 420.00 420.00
N S 7.0
239 1 DESK & CREDENZA 6/10/91 1,121.02 0.00 400.37 160.15 560.52 560.50
N S 7.0
240 1 IBM WHEELWRITER 11/08/91 676.28 0.00 241.53 96.61 338.14 338.14
N S 7.0
241 1 BASE STA & RADIOS 12/10/91 4,588.02 0.00 1,638.58 655.43 2,294.01 2,294.01
N S 7.0
242 1 PHONE SYS EXPANSION 2/13/92 822.69 0.00 176.29 117.53 293.82 528.87
N S 7.0
243 1 OFFICE PICTURES 6/01/92 160.00 0.00 34.29 22.86 57.15 102.85
N S 7.0
244 1 CHAIR - M. HENRY 6/01/92 254.54 0.00 54.54 36.36 90.90 163.64
N S 7.0
245 1 16/48 PHONE 6/01/92 255.00 0.00 54.64 36.43 91.07 163.93
N S 7.0
246 1 BURGLAR ALARM SYSTEM 9/08/93 1,412.00 0.00 100.86 201.71 302.57 1,109.43
N S 7.0
247 1 SAFCO DRAFTING TABLE 1/21/94 457.98 0.00c 0.00 32.71 32.71 425.27
N S 7.0
248 1 NORSTAR 8 PHONE SYSTEM 8/10/94 16,379.70 0.00c 0.00 1,169.98 1,169.98 15,209.72
N S 7.0
249 1 SECURITY SYSTEM 10/01/94 3,533.44 0.00c 0.00 252.39 252.39 3,281.05
N S 7.0
250 1 CHAIR - CLOSS 12/01/94 319.49 0.00c 0.00 22.82 22.82 296.67
N S 7.0
------------ ------- ------------ -------- ---------- -----------
Group Totals 119,011.73 0.00c 70,318.23 8,912.27 79,230.50 39,781.23
------------ ------- ------------ -------- ---------- -----------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
All Business Activities FLORIDA SOUND ENGINEERING, INC. Client: FSE
01/26/95 09:10 am Loc. # 1 - 999 Gr. # 1 - 999 Tax Dep. Summary By Group Period 1/01/94 - 12/31/94 Page 8
Num Loc Property Description Acquired Cost Exp/AFD Prior Dep. Cur Dep. End. Dep. Net Book V.
- ----- --- -------------------------------------- -------- ------------ ------- ------------ -------- ---------- -----------
NUR Sp Mth CL Life SV or Bus I ITC
- --- -- --- -- ------ ----------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Group # 4 - AUTOMOTIVE EQUIPMENT
67 1 FLAT TRAILER 8/02/86 400.00 0.00 400.00 0.00 400.00 0.00
U O 3.0 3.0000
69 1 1988 FORD ASTRO VAN 2/28/88 11,767.36 0.00 11,767.36 0.00 11,767.36 0.00
N S 5.0
71 1 1989 CHEV VAN 157657 5/01/89 15,454.50 0.00 13,909.05 0.00 13,909.05 1,545.45
N F S 5.0 Sold: 12/31/94
72 1 1989 ASTRO VAN 119270 9/15/89 13,128.00 0.00 11,815.20 1,312.80 13,128.00 0.00
N S 5.0
73 1 1990 FORD VAN 41587 10/31/89 13,070.37 0.00 11,763.32 1,307.05 13,070.37 0.00
N S 5.0
74 1 1990 CHEV ASTRO 124501 10/31/89 12,664.00 0.00 11,397.60 1,266.40 12,664.00 0.00
N S 5.0
75 1 1990 JEEP CHEROKEE 11/17/89 13,835.00 0.00 12,451.50 1,383.50 13,835.00 0.00
N S 5.0
76 1 1989 JEEP CHEROKEE 5/08/89 14,494.80 0.00 13,045.32 1,449.48 14,494.80 0.00
N S 5.0
78 1 1990 FORD T-BIRD 8/08/90 17,060.93 0.00 9,143.28 1,475.00 10,618.28 6,442.65
N S 5.0 100.00A
79 1 1991 FORD E-150 9/27/90 12,116.36 0.00 8,481.45 2,423.27 10,904.72 1,211.64
N S 5.0
80 1 1991 FORD CARGO VAN 9/13/90 14,607.36 0.00 10,225.15 2,921.47 13,146.62 1,460.74
N S 5.0
81 1 1991 MERCEDES 2/20/91 81,125.90 0.00 9,510.00 1,575.00 11,085.00 70,040.90
N S 5.0 100.00A
82 1 1992 ASTRO VAN 109467 10/07/91 15,137.69 0.00 7,568.85 3,027.54 10,596.39 4,541.30
N S 5.0
83 1 1992 ASTRO VAN 109763 10/18/91 12,685.69 0.00 6,342.85 2,537.14 8,879.99 3,805.70
N S 5.0
84 1 1993 CHEV ASTRO B1240450 10/15/92 14,970.30 0.00 4,491.09 2,994.06 7,485.15 7,485.15
N S 5.0
85 1 1993 CHEV VAN 147509 1/07/93 17,125.59 0.00 1,712.56 3,425.12 5,137.68 11,987.91
N S 5.0
86 1 1993 FORD EXPLORER 75939 8/18/93 18,027.00 0.00 1,802.70 3,605.40 5,408.10 12,618.90
N S 5.0
87 1 1994 CHEV VAN 127552 10/19/93 16,976.58 0.00 1,697.66 3,395.32 5,092.98 11,883.60
N S 5.0
----------- ------- ----------- --------- ---------- ----------
Group Totals 314,647.43 0.00c 147,524.94 34,098.55 181,623.49 133,023.94
Less: Dispositions 15,454.50 13,909.05 13,909.05 1,545.45
----------- ------- ----------- --------- ---------- ----------
Net Group Totals 299,192.93 0.00c 133,615.89 34,098.55 167,714.44 131,478.49
----------- ------- ----------- --------- ---------- ----------
Group # 5 - BUILDING AND IMPROVEMENTS
1 1 BUILDING 5/31/69 59,761.93 0.00 51,174.29 1,561.39 52,735.68 7,026.25
R S D3 30.0000 0.00
5 1 PAVING 5/31/69 440.00 0.00 440.00 0.00 440.00 0.00
R D3 8.0000 0.00
15 1 WAREHOUSE ADDITION 3/15/77 24,978.00 0.00 16,299.54 642.85 16,942.39 8,035.61
R S D3 30.0000 0.00
</TABLE>
c - Current Year Section 179
<PAGE>
<TABLE>
<CAPTION>
All Business Activities FLORIDA SOUND ENGINEERING, INC. Client: FSE
01/26/95 09:10 am Loc. # 1 - 999 Gr. # 1 - 999 Tax Dep. Summary By Group Period 1/01/94 - 12/31/94 Page 9
Num Loc Property Description Acquired Cost Exp/AFD Prior Dep. Cur Dep. End. Dep. Net Book V.
- ----- --- -------------------------------------- -------- ------------ ------- ------------ -------- ---------- -----------
NUR Sp Mth CL Life SV or Bus I ITC
- --- -- --- -- ------ ----------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Group # 5 - BUILDING AND IMPROVEMENTS (Continued)
16 1 WAREHOUSE HEATING & A/C 6/30/78 3,123.53 0.00 3,123.53 0.00 3,123.53 0.00
R D2 10.0000 0.00
17 1 3-2 ARTESIAN WELL 4/09/80 2,829.68 0.00 2,829.68 0.00 2,829.68 0.00
R SL 10.0000 0.00
18 1 HALL DOOR & PARTITION 9/01/80 350.00 0.00 350.00 0.00 350.00 0.00
R SL 10.0000 0.00
19 1 METAL FENCE 6/02/80 2,829.40 0.00 2,650.23 179.17 2,829.40 0.00
R SL 15.0000 0.00
20 1 OFFICE AIR CONDITIONER 4/01/81 3,580.00 0.00 3,580.00 0.00 3,580.00 0.00
R SL 5.0000 0.00
21 1 CONCRETE PAD 1/27/83 2,519.48 0.00 2,009.27 125.97 2,135.24 384.24
R R 15.0
22 1 ADDITIONAL CONCRETE 2/22/85 1,520.75 0.00 870.48 76.04 946.52 574.23
R R 18.0
23 1 TESTING CAGE 8/23/85 2,590.38 0.00 1,494.98 129.52 1,624.50 965.88
R R 18.0
24 1 KVA UPS SYSTEM 9/18/86 10,442.25 0.00 4,033.32 553.44 4,586.76 5,855.49
R O 19.0 19.0000
25 1 CARPORT 8/31/86 4,325.00 0.00 1,692.20 229.23 1,921.43 2,403.57
R O 19.0 19.0000
26 1 CARPORT ADDITION 9/10/89 4,190.00 0.00 457.80 104.75 562.55 3,627.45
R S 31.5
27 1 3 PHASE A/C CONDENSER 1/26/90 5,830.00 0.00 2,915.01 832.86 3,747.87 2,082.13
N S 7.0
28 1 BUILDING ADDITION 6/30/90 135,820.14 0.00 12,025.73 3,395.50 15,421.23 120,398.91
R S 31.5
29 1 7 1/2 TON AIR CONDITIONER 6/30/90 11,042.00 0.00 5,521.00 1,577.43 7,098.43 3,943.57
N S 7.0
30 1 LANDSCAPING 6/30/90 4,500.00 0.00 398.44 112.50 510.94 3,989.06
R S 31.5
------------ ------- ------------ -------- ---------- -----------
Group Totals 280,672.54 0.00c 111,865.50 9,520.65 121,386.15 159,286.39
------------ ------- ------------ -------- ---------- -----------
Group # 7 - DATA PROCESSING EQUIPMENT
4 1 BURST W/TABLE & CONV 7/20/81 2,789.68 0.00 2,789.68 0.00 2,789.68 0.00
N R 5.0 278.97
8 1 IBM PC XT 12/07/83 8,524.24 0.00 8,098.03 0.00 8,098.03 426.21
N R 5.0 852.42H
10 1 PRINTER STAND 2/06/84 210.00 0.00 199.50 0.00 199.50 10.50
N R 5.0 21.00H
11 1 MISCELLANEOUS 7/29/84 74.12 0.00 70.41 0.00 70.41 3.71
N R 5.0 7.41H
15 1 PRINTER & CABLE 3/31/85 1,207.50 0.00 1,147.12 0.00 1,147.12 60.38
N R 5.0 120.75H
16 1 IBM PC XT W/256K 12/20/85 2,572.50 0.00 2,572.50 0.00 2,572.50 0.00
N O 5.0 5.0000 205.80E
17 1 IBM PC XT W/256K 12/20/85 2,572.50 0.00 2,572.50 0.00 2,572.50 0.00
N O 5.0 5.0000 205.80E
18 1 IBM PC XT W/256K 12/20/85 2,572.50 0.00 2,572.50 0.00 2,572.50 0.00
N O 5.0 5.0000 205.80E
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
All Business Activities FLORIDA SOUND ENGINEERING, INC. Client: FSE
01/26/95 09:10 am Loc. # 1 - 999 Gr. # 1 - 999 Tax Dep. Summary By Group Period 1/01/94 - 12/31/94 Page 10
Num Loc Property Description Acquired Cost Exp/AFD Prior Dep. Cur Dep. End. Dep. Net Book V.
- ----- --- -------------------------------------- -------- ------------ ------- ------------ -------- ---------- -----------
NUR Sp Mth CL Life SV or Bus I ITC
- --- -- --- -- ------ ----------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Group # 7 - DATA PROCESSING EQUIPMENT (Continued)
19 1 IBM COMPUTER 12/31/85 71,655.30 0.00 71,655.30 0.00 71,655.30 0.00
N O 5.0 5.0000 5732.42E
20 1 (4) AST SIX PAK W/384K 1/31/86 1,256.85 0.00 1,256.85 0.00 1,256.85 0.00
N O 5.0 5.0000
21 1 ENHANCED COLOR DISPLAYS 3/21/86 929.45 0.00 929.45 0.00 929.45 0.00
N O 5.0 5.0000
22 1 DISPLAYWRITE 12/29/86 415.75 0.00 415.75 0.00 415.75 0.00
N O 5.0 5.0000
23 1 PRINTER & CABLE 1/30/87 886.20 0.00 886.20 0.00 886.20 0.00
N SL 5.0000 0.00
24 1 MEMORY EXPANSION 2/24/87 6,314.40 0.00 6,314.40 0.00 6,314.40 0.00
N SL 5.0000 0.00
25 1 8087 CO-PROCESSOR 6/16/87 387.40 0.00 387.40 0.00 387.40 0.00
N SL 5.0000 0.00
26 1 IBM PC-XT MOD 286 7/15/87 3,986.05 0.00 3,986.05 0.00 3,986.05 0.00
N SL 5.0000 0.00
28 1 IBM TERMINAL 9/04/87 1,989.75 0.00 1,989.75 0.00 1,989.75 0.00
N SL 5.0000 0.00
29 1 WORD PROCESSOR 12/01/87 525.00 0.00 525.00 0.00 525.00 0.00
N SL 5.0000 0.00
30 1 DESKPRO 386-40 W/ACCESS 3/03/88 9,705.94 0.00 9,705.94 0.00 9,705.94 0.00
N S 5.0
31 1 COMPUTER DESIGNCORD 3-D 4/12/88 304.95 0.00 304.95 0.00 304.95 0.00
N S 5.0
32 1 COMPUTER - MAC 5/04/88 2,267.91 0.00 2,267.91 0.00 2,267.91 0.00
N S 5.0
33 1 ALP COMPUTER 12/29/88 2,605.22 0.00 2,605.22 0.00 2,605.22 0.00
N S 5.0
34 1 200 MB EXPANDER 3/10/89 9,474.90 0.00 8,527.41 947.49 9,474.90 0.00
N S 5.0
35 1 QTR QUARTERDECK TAPE SYS 4/10/89 3,042.00 0.00 2,737.80 304.20 3,042.00 0.00
N S 5.0
36 1 UPGRADE FROM AO4 TO CO4 4/10/89 7,397.30 0.00 6,657.57 739.73 7,397.30 0.00
N S 5.0
37 1 EVEREX 386 MICROCOMPUTER 6/28/90 11,523.57 0.00 8,066.49 2,304.71 10,371.20 1,152.37
N S 5.0 100.00L
38 1 SUMAGRAPHIC DIGITIZER 6/28/90 2,146.72 0.00 1,502.69 429.34 1,932.03 214.69
N S 5.0 100.00L
39 1 H/P PLOTTER 6/28/90 5,551.72 0.00 3,886.19 1,110.34 4,996.53 555.19
N S 5.0 100.00L
40 1 AUTOCADD 386 6/28/90 3,037.27 0.00 2,126.08 607.45 2,733.53 303.74
N S 5.0 100.00L
41 1 HP COLOR LASER PRINTER 4/30/91 1,023.45 0.00 511.73 204.69 716.42 307.03
N S 5.0
42 1 EXTRA COMPUTER MEMORY 5/10/91 322.98 0.00 411.50 164.60 576.10 246.88
N S 5.0
43 1 AUTOCADD-RIC OFFICE 12/10/91 750.83 0.00 375.42 150.17 525.59 225.24
N S 5.0
44 1 CPD 450 COMPUTER EQUIP 7/01/92 4,808.30 0.00 1,442.49 961.66 2,404.15 2,404.15
N S 5.0
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
All Business Activities FLORIDA SOUND ENGINEERING, INC. Client: FSE
01/26/95 09:10 am Loc. # 1 - 999 Gr. # 1 - 999 Tax Dep. Summary By Group Period 1/01/94 - 12/31/94 Page 11
Num Loc Property Description Acquired Cost Exp/AFD Prior Dep. Cur Dep. End. Dep. Net Book V.
- ----- --- -------------------------------------- -------- ------------ ------- ------------ -------- ---------- -----------
NUR Sp Mth CL Life SV or Bus I ITC
- --- -- --- -- ------ ----------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Group # 7 - DATA PROCESSING EQUIPMENT (Continued)
45 1 LASER PRINTER 8/10/92 2,611.14 0.00 783.34 522.23 1,305.57 1,305.57
N S 5.0
46 1 AST PC - BETTY 2/19/93 2,343.98 0.00 234.40 468.80 703.20 1,640.78
N S 5.0
47 1 COMPUTER FOR MAC 3/16/94 3,725.26 0.00c 0.00 372.53 372.53 3,352.73
N S 5.0
48 1 PRINTER & LABELMAKER 4/07/94 513.29 0.00c 0.00 51.33 51.33 461.96
N S 5.0
49 1 HARD DRIVE FOR CLOSS 8/10/94 425.99 0.00c 0.00 42.60 42.60 383.39
N S 5.0
50 1 LAPTOP COMPUTER 10/15/94 4,537.95 0.00c 0.00 453.80 453.80 4,084.15
N S 5.0
----------- ------- ----------- ---------- ----------- -----------
Group Totals 187,489.86 0.00c 160,515.52 9,835.67 170,351.19 17,138.67
----------- ------- ----------- ---------- ----------- -----------
Grand Totals 2955,932.92 0.00c 1518,746.06 264,522.93 1783,268.99 1172,663.93
Less: Dispositions 36,140.30 34,594.85 34,594.85 1,545.45
----------- ------- ----------- ---------- ----------- -----------
Net Grand Totals 2919,792.62 0.00c 1484,151.21 264,522.93 1748,674.14 1171,118.48
=========== ======= =========== ========== =========== ===========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
All Business Activities FLORIDA SOUND ENGINEERING, INC. Client: FSE
01/26/95 09:10 am Loc. # 1 - 999 Gr. # 1 - 999 Tax Dep. Summary By Group Period 1/01/94 - 12/31/94 Page 8
Num Loc Property Description Acquired Cost Exp/AFD Prior Dep. Cur Dep. End. Dep. Net Book V.
- ----- --- -------------------------------------- -------- ------------ ------- ------------ -------- ---------- -----------
NUR Sp Mth CL Life SV or Bus I ITC
- --- -- --- -- ------ ----------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Group # 4 - AUTOMOTIVE EQUIPMENT
67 1 FLAT TRAILER 8/02/86 400.00 0.00 400.00 0.00 400.00 0.00
U O 3.0 3.0000
69 1 1988 FORD ASTRO VAN 2/28/88 11,767.36 0.00 11,767.36 0.00 11,767.36 0.00
N S 5.0
71 1 1989 CHEV VAN 157657 5/01/89 15,454.50 0.00 13,909.05 0.00 13,909.05 1,545.45
N F 5.0 Sold: 12/31/94
72 1 1989 ASTRO VAN 119270 9/15/89 13,128.00 0.00 11.815.20 1,312.80 13,128.00 0.00
N S 5.0
73 1 1990 FORD VAN 41587 10/31/89 13,070.37 0.00 11,763.32 1,307.05 13,070.37 0.00
N S 5.0
74 1 1990 CHEV ASTRO 124501 10/31/89 12,664.00 0.00 11,397.60 1,266.40 12,664.00 0.00
N S 5.0
75 1 1190 JEEP CHEROKEE 11/17/89 13,835.00 0.00 12,451.50 1,383.50 13,835.00 0.00
N S 5.0
76 1 1989 JEEP CHEROKEE 5/08/89 14,494.80 0.00 13,045.32 1,449.48 14,494.80 0.00
N S 5.0
78 1 1990 FORD T-BIRD 8/08/90 17,060.93 0.00 9,143.28 1,475.00 10,618.28 6,442.65
N S 5.0 100.00A
79 1 1991 FORD E-150 9/27/90 12,116.36 0.00 8,481.45 2,423.27 10,904.72 1,211.64
N S 5.0
80 1 1991 FORD CARGO VAN 9/13/90 14,607.36 0.00 10,225.15 2,921.47 13,146.62 1,460.74
N S 5.0
81 1 1991 MERCEDES 2/20/91 81,125.90 0.00 9,510.00 1,575.00 11,085.00 70,040.90
N S 5.0 100.00A
82 1 1992 ASTRO VAN 109467 10/07/91 15,137.69 0.00 7,568.85 3,027.54 10,596.39 4,541.30
N S 5.0
83 1 1992 ASTRO VAN 109763 10/18/91 12,685.69 0.00 6,342.85 2,537.14 8,879.99 3,805.70
N S 5.0
84 1 1993 CHEV ASTRO B1240450 10/15/92 14,970.30 0.00 4,491.09 2,994.06 7,485.15 7,485.15
N S 5.0
85 1 1993 CHEV VAN 147509 1/07/93 17,125.59 0.00 1,712.56 3,425.12 5,137.68 11,987.91
N S 5.0
86 1 1993 FORD EXPLORER 75939 8/18/93 18,027.00 0.00 1,802.70 3,605.40 5,408.10 12,618.90
N S 5.0
87 1 1994 CHEV VAN 127552 10/19/93 16,976.58 0.00 1,697.66 3,395.32 5,092.98 11,883.60
N S 5.0
---------- -------- ---------- --------- ---------- -----------
Group Totals 314,647.43 0.00c 147,524.94 34,098.55 181,623.49 133,023.94
Less: Dispositions 15,454.50 13,909.05 13,909.05 1,545.45
---------- -------- ---------- --------- ---------- -----------
Net Group Totals 299,192.93 0.00c 133,615.89 34,098.55 167,714.44 131,478.49
---------- -------- ---------- --------- ---------- -----------
Group # 5 - BUILDING AND IMPROVEMENTS
1 1 BUILDING 5/31/69 59,761.93 0.00 51,174.29 1,561.39 52,735.68 7,026.25
R S D3 30.0000 0.00
5 1 PAVING 5/31/69 440.00 0.00 440.00 0.00 440.00 0.00
R D3 8.0000 0.00
15 1 WAREHOUSE ADDITION 3/15/77 24,978.00 0.00 16,299.54 642.85 16,942.39 8,035.61
R S D3 30.0000 0.00
</TABLE>
<PAGE>
EXHIBIT C
COMPANY VEHICLES
----------------
<TABLE>
<CAPTION>
Vehicle # Make/Model Assignment Title # Tag # Mileage
- --------- ---------- ---------- ------- ----- -------
<S> <C> <C> <C> <C> <C>
1 93 Chevy Astro K. Tengue 48236110 INY39Y 71,474
2 89 Chevy Astro -- 64195953 QWW76S 181,415
3 92 Chevy Astro P. Nicholson 60407343 JGJ96X 147,000
4 91 Ford Van C. Ivey 49603914 INY36Y 121,568
5 90 Chevy Astro E. Acklen 48374374 QWW80B 111,791
6 92 Chevy Astro S. Boone 62392566 SVD56D 112,799
7 93 Chevy Astro K. Niblick 63937184 JQP92Z 35,668
8 90 Ford Van G. Duffy 48406888 KUP58W 111,300
9 91 Ford Van P. Dicharia 49647385 INY34Y 122,909
10 Gnsvl 95 Chevy Astro K. Boone Bank -- RLM37W 28,011
10 Jax 88 Chevy Astro -- 45928496 NVG25N 182,390
11 94 Chevy Astro J. Marshall 65490659 PVV74H 52,893
90 Jeep Chero. B. Cole 48477076 QWW78S 68,554
89 Jeep Chero. D. Mann 47670034 SVD57D 78,239
90 Ford T-Bird L. McGowan 49508786 SVD58D 76,344
95 Chevy S-10 D. Blyar 69148129 TQC27T 4,233
93 Ford Explor R. Closs 65491642 PVI56K 45,183
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 1
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ -------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
18733 A.T.P. TOUR 200 TOURNAMENT PLAYERS BLVD PONTE VEDRA BEACH
01 IV R6010312 1/01/96 10 100.17 100.17 AT0110-0000 MONTHLY SERVICE
-----------
100.17
19836 AAA 3033 SW COLLEGE ROAD OCALA
01 IV R6011307 1/01/96 10 58.83 58.83 AA0107-0000 MONTHLY SERVICE
-----------
58.83
20418 ABBOTT-TRUE ELECTRIC 635 WILMER AVENUE ORLANDO
01 IV M1095137 10/23/95 40 7,229.20 7,229.20
01 IV M1095188 10/26/95 40 387.35 387.35
01 IV M1295019 12/01/95 40 4,081.00 4,081.00
-----------
11,697.55
18023 ABC HOME HEALTH
SERVICES 120 DARIEN HIGHWAY PO BOX 1056 BRUNSWICK
01 IV R5120127 12/01/95 10 30.00 30.00 AB0103-0000 MONTHLY SERVICE
01 IV R6010129 1/01/96 10 30.00 30.00 AB0103-0000 MONTHLY SERVICE
-----------
60.00
18376 ACCO RESTAURANTS INC. PO BOX 41643 JACKSONVILLE
01 IV R6010490 1/01/96 10 46.69 46.69 BU1214-0000 MONTHLY SERVICE
01 IV R6010491 1/01/96 10 46.69 46.69 BU1224-0000 MONTHLY SERVICE
-----------
93.38
2735 ACE ELECTRIC SUPPLY
CO. 5911 PHILLIPS HIGHWAY POST OFFICE BOX 5100 JACKSONVILLE
01 IV R6010977 1/01/96 10 70.29 70.29 AC0100-0000 MONTHLY SERVICE
-----------
70.29
20792 ACORDIA BENEFITS
OF NORTH FLA 6440 SOUTHPOINT PARKWAY JACKSONVILLE
01 UC UC-16127 11/08/95 47.93- 47.93-
01 UC UC-1667 12/04/95 47.93- 47.93-
01 IV R6010730 1/01/96 10 47.93 47.93 AC0140-0000 MONTHLY SERVICE
-----------
47.93-
10015 AIR KAMAN OF
JACKSONVILLE POST OFFICE BOX 18157 JACKSONVILLE
01 IV R6010819 1/01/96 10 90.95 90.95 AI0100-0000 MONTHLY SERVICE
-----------
90.95
20672 ALACHUA GENERAL
HOSPITAL ATTN: ACCTS PAYABLE PO BOX 749 GAINESVILLE
01 IV R5121128 12/01/95 10 94.60 94.60 AL0105-0000 MONTHLY SERVICE
01 IV R6011127 1/01/96 10 94.60 94.60 AL0105-0000 MONTHLY SERVICE
-----------
189.20
20439 ALACO INC. ATTN: CAROL ROUTE 1 BOX 504 ANTHONY
01 IV R6011190 1/01/96 10 53.00 53.00 FT0107-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 2
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
53.00
17680 ALAMO RENT-A-CAR 1735 AIRPORT ROAD JACKSONVILLE
01 IV R6010820 1/01/96 10 60.92 60.92 AL0090-0000 MONTHLY SERVICE
----------
60.92
21115 ALDERSON FUNERAL 220 PALM COAST PARKWAY SW PALM COAST
HOME 01 IV R6010418 1/01/96 10 74.37 74.37 AL0400-0000 MONTHLY SERVICE
----------
74.37
680 ALL SAINTS EPISCOPAL 4171 HENDRICKS AVENUE JACKSONVILLE
CHURCH 01 IV M1295093 12/08/95 40 91.00 91.00
----------
91.00
19657 ALL SAINTS NURSING 5888 BLANDING BOULEVARD JACKSONVILLE
HOME 01 IV R6010950 1/01/96 10 85.00 85.00 AL0200-0000 MONTHLY SERVICE
----------
85.00
10055 ALL STATE PIPE 2253 DENNIS STREET JACKSONVILLE
SUPPLY CO. 01 IV R6010505 1/01/96 10 87.86 87.86 AL0500-0000 MONTHLY SERVICE
----------
87.86
18835 ALLEN, JULIAN E. 1801 BARRIS STREET #620 JACKSONVILLE
01 IV R6010515 1/01/96 10 69.23 69.23 AL0190-0000 MONTHLY SERVICE
----------
69.23
17434 ALLIANCE MORTGAGE 4500 SALISBURY ROAD JACKSONVILLE
COMPANY 01 IV R5120577 12/01/95 10 287.55 287.55 AL0470-0000 MONTHLY SERVICE
01 IV R6010575 1/01/96 10 287.55 287.55 AL0470-0000 MONTHLY SERVICE
----------
575.10
20415 ALLTEL 2701 SW COLLEGE ROAD #1000 OCALA
01 IV R6011308 1/01/96 10 69.96 69.96 AL0260-0000 MONTHLY SERVICE
----------
20674 ALLTEL MOBILE ADMINISTRATION-TOWER ROAD 7525 NW 4TH BLVD. GAINESVILLE
01 UC UC-219346 12/18/95 47.70- 47.70-
01 IV R6011143 1/01/96 10 47.70 47.70 AL0240-0000 MONTHLY SERVICE
----------
20722 ALLTEL MOBILE US 90 WEST LAKE CITY
01 IV R5120522 12/01/95 10 47.70 47.70 AL0210-0000 MONTHLY SERVICE
01 IV R6010519 1/01/96 10 47.70 47.70 AL0210-0000 MONTHLY SERVICE
----------
95.40
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 3
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ -------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20831 ALLTEL MOBILE 7525 NW 4TH BLVD GAINESVILLE
01 IV R5051132 5/01/95 10 65.72 65.72 AL0100-0000 MONTHLY SERVICE
01 IV R5111127 11/01/95 10 65.72 65.72 AL0100-0000 MONTHLY SERVICE
01 IV R6011142 1/01/96 10 65.72 65.72 AL0100-0000 MONTHLY SERVICE
-----------
197.16
20922 ALLTEL MOBILE 5711 ALTAMA AVENUE BRUNSWICK
01 IV R6010089 1/01/96 10 45.00 45.00 AL0270-0000 MONTHLY SERVICE
-----------
45.00
17954 ALMA EXCHANGE
BANK 104 N. DIXON STREET PO BOX 1988 ALMA
01 IV R6010074 1/01/96 10 45.00 45.00 AL0203-0000 MONTHLY SERVICE
-----------
45.00
21112 AMELIA ISLAND
COMPANY PO BOX 3000 AMELIA ISLAND
01 IV R5120209 12/01/95 10 100.17 100.17 AM0300-0000 MONTHLY SERVICE
01 IV R5120207 12/01/95 10 149.38 149.38 AM0200-0000 MONTHLY SERVICE
01 IV R5120208 12/01/95 10 153.70 153.70 AM0250-0000 MONTHLY SERVICE
01 IV R6010210 1/01/96 10 149.38 149.38 AM0200-0000 MONTHLY SERVICE
01 IV R6010211 1/01/96 10 153.70 153.70 AMO250-0000 MONTHLY SERVICE
01 IV R6010212 1/01/96 10 100.17 100.17 AM0300-0000 MONTHLY SERVICE
-----------
806.50
10085 AMELIA ISLAND
CONVENTION ACCOUNTS PAYABLE 1501 LEWIS STREET AMELIA ISLAND
01 IV R5090183 9/01/95 10 153.70 153.70 AM0250-0000 MONTHLY SERVICE
01 IV R5100188 10/01/95 10 153.70 153.70 AM0250-0000 MONTHLY SERVICE
01 IV R5110185 11/01/95 10 153.70 153.70 AM0250-0000 MONTHLY SERVICE
-----------
461.10
10075 AMELIA ISLAND INN ACCOUNTS PAYABLE 1501 LEWIS STREET AMELIA ISLAND
01 IV R5090184 9/01/95 10 149.38 149.38 AM0200-0000 MONTHLY SERVICE
01 IV R5100189 10/01/95 10 149.38 149.38 AM0200-0000 MONTHLY SERVICE
01 IV M1095044 10/02/95 40 55.00 55.00
01 IV R5110186 11/01/95 10 149.38 149.38 AM0200-0000 MONTHLY SERVICE
-----------
503.14
10090 AMELIA ISLAND
TENNIS CLUB ACCOUNTS PAYABLE 1501 LEWIS STREET AMELIA ISLAND
01 IV R5090185 9/01/95 10 100.17 100.17 AM0300-0000 MONTHLY SERVICE
01 IV R5100190 10/01/95 10 100.17 100.17 AM0300-0000 MONTHLY SERVICE
01 IV R5110187 11/01/95 10 100.17 100.17 AM0300-0000 MONTHLY SERVICE
-----------
300.51
21145 AMERICAN ALARM 4832 PHYLLIS STREET JACKSONVILLE
01 IV M1195130 11/29/95 40 83.07 83.07
-----------
83.07
20102 AMERICAN EXPRESS
TRS VENDORS PAYABLE/OROC TEAM PO BOX 53600 PHOENIZ
01 IV R5121409 12/01/95 10 42.60 42.60 AM0150-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 4
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20102 AMERICAN EXPRESS TRS VENDORS PAYABLE/OROC TEAM PO BOX 53600 PHOENIZ
01 IV R5121411 12/01/95 20 117.15 117.15 AM0106-0000 MONTHLY SERVICE
01 IV R5121410 12/01/95 30 883.00 883.00 AM0118-0000 MONTHLY SERVICE
01 IV R6011406 1/01/96 10 42.60 42.60 AM0150-0000 MONTHLY SERVICE
01 IV R6011407 1/01/96 30 883.00 883.00 AM0118-0000 MONTHLY SERVICE
01 IV R6011408 1/01/96 20 117.15 117.15 AM0106-0000 MONTHLY SERVICE
-----------
2,085.50
20556 AMERICAN HERITAGE INS. CO.
1776 AMERICAN HERITAGE LIFE DR JACKSONVILLE
01 IV R6010841 1/01/96 10 420.68 420.68 AM1450-0000 MONTHLY SERVICE
-----------
420.68
3105 AMERICAN NATIONAL BANK 1717 N.W. 13TH STREET PO BOX 969 GAINESVILLE
01 IV R5111104 11/01/95 10 59.47 59.47 AM0395-0000 MONTHLY SERVICE
01 IV R6011115 1/01/96 10 59.47 59.47 AM0395-0000 MONTHLY SERVICE
-----------
118.94
3155 AMERICAN NATIONAL BANK 2031 HENDRICKS AVENUE JACKSONVILLE
01 IV R6010581 1/01/96 10 52.13 52.13 AM0940-0000 MONTHLY SERVICE
01 IV R6010582 1/01/96 10 133.07 133.07 AM0950-0000 MONTHLY SERVICE
01 IV R6010583 1/01/96 10 52.13 52.13 AM0960-0000 MONTHLY SERVICE
01 IV R6010585 1/01/96 10 52.13 52.13 AM0990-0000 MONTHLY SERVICE
01 IV R6010586 1/01/96 10 49.96 49.96 AM1100-0000 MONTHLY SERVICE
01 IV R6010587 1/01/96 10 53.20 53.20 AM1130-0000 MONTHLY SERVICE
01 IV R6010588 1/01/96 10 51.07 51.07 AM1140-0000 MONTHLY SERVICE
01 IV R6010589 1/01/96 10 56.71 56.71 AM1164-0000 MONTHLY SERVICE
01 IV R6010576 1/01/96 10 162.89 162.89 AM0104-0000 MONTHLY SERVICE
01 IV R6010577 1/01/96 10 94.73 94.73 AM0114-0000 MONTHLY SERVICE
01 IV R6010578 1/01/96 10 105.38 105.38 AM0120-0000 MONTHLY SERVICE
01 IV R6010579 1/01/96 10 62.73 62.73 AM0400-0000 MONTHLY SERVICE
01 IV R6010580 1/01/96 10 52.13 52.13 AM0600-0000 MONTHLY SERVICE
-----------
978.26
10115 AMERICAN NATIONAL BANK 2031 HENDRICKS AVENUE JACKSONVILLE
01 IV R6010584 1/01/96 10 56.92 56.92 AM0970-0000 MONTHLY SERVICE
-----------
56.92
10220 AMERICAN TRANS-TECH ATTN: CAROL ALSOBROOK #2-2-091 8000 BAYMEADOWS WAY JACKSONVILLE
01 IV R6011013 1/01/96 10 131.53 131.53 AM1400-0000 MONTHLY SERVICE
-----------
131.53
20732 AMOCO OIL 11060 OLD ST. AUGUSTINE ROAD JACKSONVILLE
01 IV R6011063 1/01/96 10 175.73 175.73 AM1200-0000 MONTHLY SERVICE
-----------
175.73
20797 AMOCO OIL 4243 SUNBEAM ROAD, STE. 5 JACKSONVILLE
01 IV R6011065 1/01/96 10 175.73 175.73 AM1310-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 5
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ -------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20797 AMOCO OIL 4243 SUNBEAM ROAD STE.5 JACKSONVILLE
01 IV R6011064 1/01/96 10 175.73 175.73 AM1300-0000 MONTHLY SERVICE
----------
351.46
10225 ANCHOR LITHKEMKO 50 INDUSTRIAL LOOP ORANGE PARK
INC. 01 IV R6010269 1/01/96 10 123.05 123.05 AN0204-00000 MONTHLY SERVICE
----------
123.05
10245 ANDERSON COLUMBIA ROUTE #19-KOA CAMPGROUND POST OFFICE BOX 38 OLD TOWN
CO., INC. 01 IV R5111196 11/01/95 10 41.73 34.19 AN0110-0000 MONTHLY SERVICE
01 IV R5121210 12/01/95 10 41.73 41.73 AN0110-0000 MONTHLY SERVICE
01 IV R6011208 1/01/96 10 41.73 41.73 AN0110-0000 MONTHLY SERVICE
----------
117.65
17269 ANDERSON COLUMBIA GUERDON ROAD PO BOX 1829 LAKE CITY
INC. 01 IV R5110228 11/01/95 10 32.33 32.33 CO0250-0000 MONTHLY SERVICE
01 IV R5120232 12/01/95 10 32.33 32.33 CO0250-0000 MONTHLY SERVICE
01 IV R6010233 1/01/96 10 32.33 32.33 CO0250-0000 MONTHLY SERVICE
----------
96.99
17984 ANGELOS RESTAURANT 2111 UNIVERSITY BLVD. N. JACKSONVILLE
01 UC UC-4669 10/30/95 74.04- 1.09-
01 IV R5111196 12/01/95 20 72.95 72.95 AN0126-0000 MONTHLY SERVICE
01 IV R6010696 1/01/96 20 72.95 72.95 AN0126-0000 MONTHLY SERVICE
----------
144.81
18898 ANGLIN CONSTRUCTION 622 SE SECOND STREET GAINESVILLE
01 IV R5121099 12/01/95 20 53.00 53.00 AN0106-0000 MONTHLY SERVICE
01 IV R6011098 1/01/96 20 53.00 53.00 AN0106-0000 MONTHLY SERVICE
----------
106.00
10250 ANHEUSER-BUSCH INC. ACCOUNTS PAYABLE PO BOX 18017 A.M.F. JACKSONVILLE
01 IV R6010858 1/01/96 10 55.74 55.74 AN0200-0000 MONTHLY SERVICE
01 IV R6010859 1/01/96 10 258.80 258.80 AN0300-0000 MONTHLY SERVICE
---------
314.54
20474 ANTHEM HEALTH 10199 SOUTHSIDE BOULEVARD JACKSONVILLE
SYSTEMS, INC. 01 IV R5101008 10/01/95 10 47.93 47.93 AN0190-0000 MONTHLY SERVICE
01 IV R5111009 11/01/95 10 47.93 47.93 AN0190-0000 MONTHLY SERVICE
01 IV R5121014 12/01/95 10 47.93 47.93 AN0190-0000 MONTHLY SERVICE
01 IV R6011014 1/01/96 10 47.93 47.93 AN0190-0000 MONTHLY SERVICE
---------
191.72
18443 APPLEBEE'S CORPORATE HEADQUARTERS HANCOCK AT WASHINGTON MADISON
01 UC UC-139003 12/11/95 58.30- 58.30-
01 IV R6010036 1/01/96 10 128.60 128.60 AP0100-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 6
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ -------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
18443 APPLEBEE'S CORPORATE HEADQUARTERS HANCOCK AT WASHINGTON MADISON
01 IV R6010037 1/01/96 10 128.40 128.40 AP0110-0000 MONTHLY SERVICE
01 IV R6010038 1/01/96 10 127.20 127.20 AP0120-0000 MONTHLY SERVICE
01 IV R6010039 1/01/96 10 127.80 127.80 AP0130-0000 MONTHLY SERVICE
01 IV R6010040 1/01/96 10 127.80 127.80 AP0140-0000 MONTHLY SERVICE
01 IV R6010041 1/01/96 10 58.30 58.30 AP0150-0000 MONTHLY SERVICE
01 IV R6010042 1/01/96 10 55.00 55.00 AP0170-0000 MONTHLY SERVICE
01 IV R6010044 1/01/96 10 55.00 55.00 AP0190-0000 MONTHLY SERVICE
01 IV R6010045 1/01/96 10 58.30 58.30 AP0200-0000 MONTHLY SERVICE
01 IV R6010046 1/01/96 10 58.58 58.58 AP0210-0000 MONTHLY SERVICE
01 IV R6010043 1/01/96 10 58.58 58.58 AP0180-0000 MONTHLY SERVICE
-------------
925.26
20963 APPLEBEE'S #173 RT. 17, BOX 2219 LAKE CITY
01 IV R5120216 12/01/95 10 58.30 58.30 AP0200-0000 MONTHLY SERVICE
-------------
58.30
20535 APPLEBEE'S #88 177 ALTAMA CONNECTOR BRUNSWICK
01 IV R6010155 1/01/96 10 55.00 55.00 AP0160-0000 MONTHLY SERVICE
-------------
55.00
18626 AQUA EAST SURF SHOP 696 ATLANTIC BLVD. NEPTUNE BEACH
01 IV R6010893 1/01/96 20 110.00 110.00 AQ0106-0000 MONTHLY SERVICE
-------------
110.00
21168 ARAMARK CORPORATION UNIVERSITY OF FLA GATOR DINING PO BOX 118506 B73 REITZ UNION
01 IV M1295162 12/19/95 40 397.50 397.50
01 IV R6011171 1/01/96 10 174.90 174.90 AR1000-0000 MONTHLY SERVICE
-------------
572.40
21169 ARAMARK CORPORATION U OF FLA DINING GRAHAM HALL 213 N. SOUTH DR
01 IV M1295163 12/19/95 40 397.50 397.50
-------------
397.50
10265 ARBY'S UNIVERSITY UNITS INC. 1405 S.W. 13TH STREET GAINESVILLE
01 IV R5121100 12/01/95 10 46.32 46.32 AR0105-0000 MONTHLY SERVICE
01 IV R6011099 1/01/96 10 46.32 46.32 AR0105-0000 MONTHLY SERVICE
-------------
92.64
19840 ARBY'S 2130 E. SILVER SPRINGS BLVD. OCALA
01 IV R6011285 1/01/96 10 39.75 39.75 AR0107-0000 MONTHLY SERVICE
-------------
39.75
18467 ARBY'S - ALTAMA ATTN: MR. OR MRS. CLARK 163 ALTAMA CONNECTOR BRUNSWICK
01 UC UC-1740 10/23/95 231.55- 231.55-
01 IV R5110083 11/01/95 10 52.00 52.00 AR0103-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 7
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ -------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
18467 ARBY'S--ALTAMA ATTN: MR. OR MRS. CLARK 163 ALTAMA CONNECTOR BRUNSWICK
01 IV R5120088 12/01/95 10 52.00 52.00 AR0103-0000 MONTHLY SERVICE
01 IV R6010090 1/01/96 10 52.00 52.00 AR0103-0000 MONTHLY SERVICE
-----------
75.55-
20982 ARBY'S #226 2211 SW COLLEGE ROAD OCALA
01 IV M0995054 9/05/95 40 55.00 55.00
-----------
55.00
20757 ARBY'S #252 I-95 AND DUNN AVENUE JACKSONVILLE
01 IV R5110827 11/01/95 10 55.91 55.91 AR0120-0000 MONTHLY SERVICE
01 IV R6010821 1/01/96 10 55.91 55.91 AR0120-0000 MONTHLY SERVICE
-----------
111.82
20758 ARBY'S #253 10160 PHILLIPS HIGHWAY JACKSONVILLE
01 IV DM1 9/13/95 12 55.91 55.91 CK#95288/SB#20757
01 IV R6011015 1/01/96 10 55.91 55.91 AR0130-0000 MONTHLY SERVICE
-----------
111.82
18889 ARBY'S INC. ATTN: ORLANDO 1000 CORPORATE PLAZA FT LAUDERDALE
01 IV R6011232 1/01/96 10 50.59 10.84 AR0124-0000 MONTHLY SERVICE
01 IV R6011233 1/01/96 10 50.59 50.59 AR0134-0000 MONTHLY SERVICE
01 IV R6011234 1/01/96 10 50.83 50.83 AR0184-0000 MONTHLY SERVICE
01 IV R6011235 1/01/96 10 50.59 50.59 RA0104-0000 MONTHLY SERVICE
01 IV R6011238 1/01/96 10 50.59 50.59 RA0304-0000 MONTHLY SERVICE
01 IV R6011236 1/01/96 10 50.59 50.59 RA0114-0000 MONTHLY SERVICE
01 IV R6011237 1/01/96 10 50.59 50.59 RA0204-0000 MONTHLY SERVICE
-----------
314.62
10270 ARGYLE VILLAGE C/O JMB PROPERTY SERVICES 7860 GLADES ROAD #220 BOCA RATON
SQUARE 01 IV R6011241 1/01/96 10 103.31 103.31 AR0150-0000 MONTHLY SERVICE
-----------
103.31
11890 ARROW FOOD MARKET 140 N. MAIN STREET PO BOX 0762 HIGH SPRINGS
01 IV R6011196 1/01/96 10 52.47 52.47 AR0110-0000 MONTHLY SERVICE
-----------
52.47
3280 ARVIDA REALTY 5 TPC BOULEVARD POINTE VEDRA BEACH
SALES, LTD 01 IV R6010313 1/01/96 10 133.83 133.83 AR0700-0000 MONTHLY SERVICE
-----------
133.83
19562 ASH TISDELLE 1481 WELLS ROAD ORANGE PARK
AUTOMOTIVE 01 IV R5120269 12/01/95 10 42.75 42.75 AS0110-0000 MONTHLY SERVICE
01 IV R6010270 1/01/96 10 42.75 42.75 AS0110-0000 MONTHLY SERVICE
-----------
85.50
17763 AT&T ATTN: RUSSELL WADE 9428 BAYMEADOWS ROAD JACKSONVILLE
01 IV R5101010 10/01/95 10 128.87 128.87 AM0410-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 8
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
128.87
18088 AT&T COMMUNICATIONS INC. ATTN: WILLIAM T. KEELY L.D.R.S.C. 3451 BEACH BLVD
01 IV R5120592 12/01/95 10 145.91 145.91 AM0424-0000 MONTHLY SERVICE
01 IV R6010590 1/01/96 10 145.91 145.91 AM0424-0000 MONTHLY SERVICE
---------
291.82
19717 AT&T EXECUTIVE CENTER ATTN: WES HECK 8000 BAYMEADOWS WAY JACKSONVILLE
01 IV R6011017 1/01/96 10 42.60 42.60 AM0450-0000 MONTHLY SERVICE
---------
42.60
19814 AT&T UNIVERSAL CARD SERVICES BLDG 1 FLOOR 3 8775 BAYPINE ROAD JACKSONVILLE
01 IV R5121016 12/01/95 10 63.90 63.90 AT0140-0000 MONTHLY SERVICE
01 IV R6011016 1/01/96 10 63.90 63.90 AT0140-0000 MONTHLY SERVICE
---------
127.80
10300 ATKINSON'S PHARMACY 9735 ST. AUGUSTINE ROAD #15 JACKSONVILLE
01 IV R6011089 1/01/96 10 38.31 38.31 AT0100-0000 MONTHLY SERVICE
---------
38.31
19218 ATLANTIC DODGE 2330 US #1 SOUTH PO BOX 1926 ST. AUGUSTINE
01 IV R6010188 1/01/96 10 47.70 47.70 AT0114-0000 MONTHLY SERVICE
---------
47.70
10320 ATLANTIC MORTGAGE & INVESTMENT CORPORATION 4348 SOUTHPOINT BLVD JACKSONVILLE
01 IV R6010731 1/01/96 10 78.49 78.49 AT1900-0000 MONTHLY SERVICE
---------
78.49
19524 AUDIO COMMUNICATIONS NETWORK 1000 LEGION PLACE #1515 ORLANDO
01 IV R5121227 12/01/95 10 296.33 296.33 CL0220-0000 MONTHLY SERVICE
01 IV R6011225 1/01/96 10 296.33 296.33 CL0220-0000 MONTHLY SERVICE
---------
592.66
20931 AV MED HEALTH PLANS 1300 RIVER PLACE DRIVE #200 JACKSONVILLE
01 IV M1195017 11/01/95 40 346.13 346.13
---------
346.13
19137 AV MED, INC. ATTN: ACCTS PAYABLE PO BOX 749 GAINESVILLE
01 IV R6011116 1/01/96 10 47.70 47.70 AV0105-0000 MONTHLY SERVICE
01 IV R6011117 1/01/96 10 69.23 69.23 AV0110-0000 MONTHLY SERVICE
---------
116.93
10325 AVONDALE PHARMACY 3590 ST. JOHNS AVENUE JACKSONVILLE
01 IV R6010520 1/01/96 10 26.63 26.63 AV0100-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 9
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ -------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20766 A1A ALE HOUSE 1 KING STREET ST. AUGUSTINE
01 IV R5120331 12/01/95 10 189.21 189.21 AI0110-0000 MONTHLY SERVICE
01 IV R6010330 1/01/96 10 189.21 189.21 AI0110-0000 MONTHLY SERVICE
---------
378.42
19062 B & J OF ST. AUGUSTINE PO BOX 168 ST. AUGUSTINE
01 IV R5120362 12/01/95 10 46.64 46.64 DA0114-0000 MONTHLY SERVICE
01 IV R6010360 1/01/96 10 46.64 46.64 DA0114-0000 MONTHLY SERVICE
---------
93.28
10340 BAKER BROTHERS INC. DEERWOOD CENTER 7892 BAYMEADOWS WAY JACKSONVILLE
01 IV R6010732 1/01/96 10 103.25 103.25 BA0100-0000 MONTHLY SERVICE
---------
103.25
17674 BANCBOSTON MORTGAGE CORP. ATTN: J. WILSON 7301 BAYMEADOWS WAY JACKSONVILLE
01 UC UC-110301 12/11/95 10 713.55- 713.55-
01 IV R6011060 1/01/96 10 462.21 462.21 BA0170-0000 MONTHLY SERVICE
01 IV R6011061 1/01/96 10 251.34 251.34 BA1000-0000 MONTHLY SERVICE
01 IV R6011062 1/01/96 10 281.16 281.16 ST0350-0000 MONTHLY SERVICE
---------
281.16
2825 BAPTIST MEDICAL CNETER 800 PRUDENTIAL DRIVE JACKSONVILLE
01 IV M1295187 12/21/95 40 207.89 207.89
01 IV R6010591 1/01/96 10 290.40 290.40 BA0600-0000 MONTHLY SERVICE
----------
498.29
18543 BARBECUE LTD 506 BEACH BOULEVARRD JACKSONVILLE BEACH
01 IV R5120987 12/01/95 10 58.58 58.58 BA0134-0000 MONTHLY SERVICE
01 IV R6010987 1/01/96 10 58.58 58.58 BA0134-0000 MONTHLY SERVICE
---------
117.16
175 BARGAIN HOUSE OF FLEAS 6016 BLANDING BLVD JACKSONVILLE
01 IV R6010656 1/01/96 30 56.07 56.07 BA0108-0000 MONTHLY SERVICE
--------
56.07
10495 BARNACLE BILL'S INC. 14 CASTILLO DRIVE ST. AUGUSTINE
01 IV R5120332 12/01/95 10 58.30 58.30 BA1490-0000 MONTHLY SERVICE
01 IV R6010331 1/01/96 10 58.30 58.30 BA1490-0000 MONTHLY SERVICE
--------
116.60
19080 BARNETT BANK ATTN: TOM NEISWONGER PO BOX 40789 JACKSONVILLE
01 IV R6010458 1/01/96 10 332.28 332.28 BA1360-0000 MONTHLY SERVICE
--------
332.28
21041 BARNETT BANK/BELL TERRE OFFICE 4850 BELLE TERRE PARKWAY PALM COAST
01 IV M1095034 10/02/95 40 658.05 658.05
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 10
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
21008 BARNETT BANKS INC. MAIL CODE: 001-0000173 50 NORTH LAURA STREET JACKSONVILLE
01 IV R5120461 12/01/95 10 122.48 122.48 BA0130-0000 MONTHLY SERVICE
01 IV R6010459 1/01/96 10 122.48 122.48 BA0130-0000 MONTHLY SERVICE
-----------
244.96
20665 BARNETT CAMPUS CAFETERIA/PRUCA 9000 SOUTHSIDE BLVD. BLDG #300 JACKSONVILLE
01 IV R601101B 1/01/96 10 53.25 53.25 BA0190-0000 MONTHLY SERVICE
----------
53.25
20468 BARNETT MORTGAGE CO. ATTN: LINDA HENLEY PO BOX 40843 JACKSONVILLE
01 IV R6010492 1/01/96 10 427.60 427.60 BA0110-0000 MONTHLY SERVICE
---------
427.60
18611 BARNETT OFFICE PARK 9000 SOUTHSIDE BOULEVARD JACKSONVILLE
01 IV R5121019 12/01/95 10 133.13 133.13 BA0120-0000 MONTHLY SERVICE
01 IV R6011019 1/01/96 10 133.13 133.13 BA0120-0000 MONTHLY SERVICE
--------
266.26
10460 BARNETT PLAZA 6622 SOUTHPOINT DRIVE SOUTH PO BOX 1380 JACKSONVILLE
01 IV R6010444 1/01/96 10 63.79 63.79 BA1370-0000 MONTHLY SERVICE
--------
63.79
2462 BARNETT RECOVERY CORPORATION 9000 SOUTHSIDE BLVD POST OFFICE BOX 45013 JACKSONVILLE
01 IV R6010863 1/01/96 10 186.38 186.38 ST0054-0000 MONTHLY SERVICE
-------
186.38
14160 BARNETT REGENCY TOWER C/O REGENCY REALTY GROUP 121 WEST FORSYTH ST #200 JACKSONVILLE
01 IV R6010478 1/01/96 10 73.49 73.49 RE0500-0000 MONTHLY SERVICE
-------
73.49
20487 BARNETT TECHNOLOGIES PO BOX 45144 MAIL CODE: 576-313 ATTN: CHERIE TAULBEE
01 IV R5120883 12/01/95 10 43.67 43.67 BA0910-0000 MONTHLY SERVICE
01 IV R6010865 1/01/96 10 55.00 55.00 AM0163-0000 MONTHLY SERVICE
01 IV R6010866 1/01/96 10 45.00 45.00 AM0203-0000 MONTHLY SERVICE
01 IV R6010867 1/01/96 10 55.00 55.00 AM0303-0000 MONTHLY SERVICE
01 IV R6010868 1/01/96 10 55.00 55.00 AM0403-0000 MONTHLY SERVICE
01 IV R6010869 1/01/96 10 721.36 721.36 BA0140-0000 MONTHLY SERVICE
01 IV R6010870 1/01/96 10 58.58 58.58 BA0160-0000 MONTHLY SERVICE
01 IV R6010871 1/01/96 10 1,846.44 1,846.44 BA0800-0000 MONTHLY SERVICE
01 IV R6010872 1/01/96 10 43.67 43.67 BA0910-0000 MONTHLY SERVICE
01 IV R6010873 1/01/96 10 63.15 63.15 BA1200-0000 MONTHLY SERVICE
01 IV R6010874 1/01/96 10 51.30 51.30 BA1210-0000 MONTHLY SERVICE
01 IV R6010875 1/01/96 10 79.50 79.50 BA1220-0000 MONTHLY SERVICE
01 IV R6010876 1/01/96 10 80.45 80.45 BA1230-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 11
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ -------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20487 BARNETT TECHNOLOGIES PO BOX 45144 MAIL CODE: 576-313 ATTN: CHERIE TAULBEE
01 IV R6010877 1/01/96 10 55.00 55.00 BA1243-0000 MONTHLY SERVICE
01 IV R6010878 1/01/96 10 55.00 55.00 BA1253-0000 MONTHLY SERVICE
01 IV R6010864 1/01/96 10 190.00 190.00 AM0103-0000 MONTHLY SERVICE
---------
3,498.12
20429 BARNETT TECHNOLOGIES ATTN: SANDI BURWORTH/2ND FLOOR 1025 INTERNAT'L SPEEDWAY BLVD DAYTONA BEACH
INC. 01 IV R5110389 11/01/95 10 57.20 57.20 BA0105-0000 MONTHLY SERVICE
01 IV R6010396 1/01/96 10 57.20 57.20 BA0105-0000 MONTHLY SERVICE
01 IV R6010397 1/01/96 10 53.37 53.37 BA0107-0000 MONTHLY SERVICE
01 IV R6010398 1/01/96 10 46.64 46.64 BA0115-0000 MONTHLY SERVICE
01 IV R6010400 1/01/96 10 58.85 58.85 BA0180-0000 MONTHLY SERVICE
01 IV R6010401 1/01/96 10 80.25 80.25 BA0200-0000 MONTHLY SERVICE
01 IV R6010402 1/01/96 10 52.47 52.47 BA0205-0000 MONTHLY SERVICE
01 IV R6010404 1/01/96 10 80.25 80.25 BA1250-0000 MONTHLY SERVICE
01 IV R6010405 1/01/96 10 43.73 43.73 BA1310-0000 MONTHLY SERVICE
01 IV R6010399 1/01/96 10 45.05 45.05 BA0125-0000 MONTHLY SERVICE
01 IV R6010403 1/01/96 10 80.25 80.25 BA0920-0000 MONTHLY SERVICE
01 IV R6010406 1/01/96 10 43.73 43.73 BA1320-0000 MONTHLY SERVICE
01 IV R6010407 1/01/96 10 45.31 45.31 BA1380-0000 MONTHLY SERVICE
01 IV R6010408 1/01/96 10 73.78 73.78 FI0105-0000 MONTHLY SERVICE
01 IV R6010409 1/01/96 10 90.95 90.95 FI1060-0000 MONTHLY SERVICE
01 IV R6010410 1/01/96 10 67.68 67.68 HA0100-0000 MONTHLY SERVICE
01 IV R6010411 1/01/96 10 83.37 83.37 HI0105-0000 MONTHLY SERVICE
01 IV R6010412 1/01/96 10 49.35 49.35 HI0200-0000 MONTHLY SERVICE
01 IV R6010413 1/01/96 10 48.10 48.10 HI0210-0000 MONTHLY SERVICE
01 IV R6010414 1/01/96 10 129.93 129.93 ST0400-0000 MONTHLY SERVICE
---------
1,287.46
20000 BAXTER US DISTRIBUTION 601 S. W. 33RD AVENUE OCALA
01 IV R5121312 12/01/95 10 65.72 65.72 BA0207-0000 MONTHLY SERVICE
01 IV R6011309 1/01/96 10 65.72 65.72 BA0207-0000 MONTHLY SERVICE
---------
131.44
10505 BAYMEADOWS APT GEN U.S. SHELTER 7915 BAYMEADOWS CIRCLE E JACKSONVILLE
OFFICE 01 IV R6010733 1/01/96 10 58.58 58.58 BA1600-0000 MONTHLY SERVICE
---------
58.58
21000 BAYMEADOWS GOLF 1617 PONTIUS AVENUE LOS ANGELES
ASSOCIATION 01 IV R6011409 1/01/96 10 90.53 90.53 BA1900-0000 MONTHLY SERVICE
---------
90.53
10520 BAYMEADOWS GOLF CLUB 7981 BAYMEADOWS CIRCLE WEST JACKSONVILLE
01 IV M1295112 12/12/95 40 511.20 511.20
---------
511.20
10510 BAYMEADOWS RACQUET U.S. SHELTER 7915 BAYMEADOWS CIRCLE E JACKSONVILLE
CLUB 01 IV R6010734 1/01/96 10 51.65 51.65 BA1704-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 12
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
10515 BAYMEADOWS SWIM CLUB U.S. SHELTER 7915 BAYMEADOWS CIRCLE E. JACKSONVILLE
01 IV R5100740 10/01/95 10 30.16 30.16 BA1804-0000 MONTHLY SERVICE
01 IV R5110739 11/01/95 10 30.16 30.16 BA1804-0000 MONTHLY SERVICE
01 IV R5120748 12/01/95 10 30.16 30.16 BA1804-0000 MONTHLY SERVICE
01 IV R6010735 1/01/96 10 30.16 30.16 BA1804-0000 MONTHLY SERVICE
------------
120.64
21156 BAYWOOD CENTER 9428 BAYMEADOWS ROAD JACKSONVILLE
01 IV MI295097 12/08/95 40 120.00 120.00
------------
120.00
20887 BEACH CAFE 10769-14 BEACH BOULEVARD JACKSONVILLE
01 IV R5110966 11/01/95 10 37.28 37.28 BE0160-0000 MONTHLY SERVICE
01 IV R5120971 12/01/95 10 37.28 37.28 BE0160-0000 MONTHLY SERVICE
01 IV R6010971 1/01/96 10 37.28 37.28 BE0160-0000 MONTHLY SERVICE
------------
111.84
19142 BEACH HUT CAFE 1281 THIRD STREET SOUTH JACKSONVILLE BEACH
01 IV R6010988 1/01/96 10 62.84 62.84 BE0144-0000 MONTHLY SERVICE
------------
62.84
18513 BEALL'S CORPORATE CENTER PO BOX 25207 BRADENTON
01 IV M1295167 12/19/95 40 103.84 103.84
01 IV M1295170 12/21/95 40 103.84 103.84
------------
207.68
10530 BEAR ARCHERY 4600 41ST BOULEVARD SW GAINESVILLE
01 IV M1295111 12/12/95 40 450.50 450.50
01 IV R6011148 1/01/96 10 291.28 291.28 BE0105-0000 MONTHLY SERVICE
------------
741.78
20624 BEAUTY WAREHOUSE & HAIR ZONE PO BOX 780538 WICHITA
01 IV R6011403 1/01/96 10 37.28 37.28 BE0170-0000 MONTHLY SERVICE
01 IV R6011404 1/01/96 10 79.88 79.88 BE0310-0000 MONTHLY SERVICE
------------
117.16
20780 BECK CHRYSLER/DODGE/JEEP/EAGLE 256 HIGHWAY 17 NORTH PALATKA
01 IV R6010440 1/01/96 10 73.14 73.14 BE0260-0000 MONTHLY SERVICE
------------
73.14
20779 BECK NISSAN 3523 REID STREET PALATKA
01 UC UC-58831 12/26/95 219.42- -219.42-
01 IV R6010441 1/01/96 10 73.14 73.14 BE0250-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 13
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
146.28-
19468 BELK HUDSON 101 CITY SMITTY ROAD PO BOX 1208 ST. MARY'S
01 IV R6010177 1/01/96 10 80.00 80.00 BE0143-0000 MONTHLY SERVICE
---------
80.00
10565 BELK-HUDSON #350 PONCE DE LEON MALL 2121 US HIGHWAY 1 SO ST. AUGUSTINE
01 IV R5110326 11/01/95 10 56.43 2.97 BE0600-0000 MONTHLY SERVICE
01 IV R5120333 12/01/95 10 56.43 56.43 BE0600-0000 MONTHLY SERVICE
01 IV R6010332 1/01/96 10 56.43 56.43 BE0600-0000 MONTHLY SERVICE
---------
115.83
10580 BELK-HUDSON #514 GLYNN PLACE SHOPPING CENTER 2 MALL BLVD. BRUNSWICK
01 IV R6010156 1/01/96 10 68.24 68.24 BE0753-0000 MONTHLY SERVICE
---------
68.24
17001 BELK-HUDSON #520 ATTN: ACCOUNTS PAYABLE POST OFFICE BOX 795 WAYCROSS
01 IV R6010070 1/01/96 10 60.00 60.00 BE0763-0000 MONTHLY SERVICE
---------
60.00
20486 BELL SOUTH ATTN: TERRY 6-BB1 SOUTHERN BELL TOWER 301 W. BAY STREET
01 IV R6010460 1/01/96 10 58.58 58.58 SO1300-0000 MONTHLY SERVICE
---------
58.58
21166 BELLA LUNA 3425 SW COLLEGE ROAD OCALA
01 IV M1295133 12/15/95 40 911.60 911.60
---------
911.60
17846 BELLEMEAD DEVELOPMENT OF 6650 SOUTHPOINT PARKWAY JACKSONVILLE
FLA 01 IV R5120749 12/01/95 10 72.95 72.95 BE0500-0000 MONTHLY SERVICE
01 IV R6010736 1/01/96 10 72.95 72.95 BE0500-0000 MONTHLY SERVICE
---------
145.90
21033 BELLEVIEW PIZZA 5428 SE ABSHIER BOULEVARD BELLEVIEW
01 IV R5111266 11/01/95 10 53.00 53.00 BE0320-0000 MONTHLY SERVICE
01 IV R5121280 12/01/95 10 53.00 53.00 BE0320-0000 MONTHLY SERVICE
01 IV R6011279 1/01/96 10 53.00 53.00 BE0320-0000 MONTHLY SERVICE
---------
159.00
10585 BELLSOUTH ADVERTISING & PUBLISHING 100 BELL TELL WAY JACKSONVILLE
01 IV R6010737 1/01/96 10 121.60 121.60 BE0760-0000 MONTHLY SERVICE
---------
121.60
18287 BELLSOUTH CUSTOMER SERVICE DEPARTMENT 903 WEST UNIVERSITY AVE P.O. BOX 1750
01 IV R6011119 1/01/96 10 155.82 155.82 SO1604-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 14
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
155.82
20438 BELOIT CORPORATION 6620 SOUTHPOINT DRIVE S. #500 JACKSONVILLE
01 IV R5080754 8/01/95 10 77.75 77.75 BE0190-0000 MONTHLY SERVICE
01 IV R5120751 12/01/95 10 77.75 77.75 BE0190-0000 MONTHLY SERVICE
01 IV R6010738 1/01/96 10 77.75 77.75 BE0190-0000 MONTHLY SERVICE
-----------
233.25
20566 BEN FRANKLIN #3222 1927 SW COLLEGE ROAD #200 OCALA
01 IV R5121313 12/01/95 10 48.76 48.76 BE0240-0000 MONTHLY SERVICE
01 IV R6011310 1/01/96 10 48.76 48.76 BE0240-0000 MONTHLY SERVICE
-----------
97.52
19231 BENNETT CHEVROLET, 1974 HIGHWAY #40 EAST PO BOX 1389 KINGSLAND
BUICK, GEO 01 IV R6010169 1/01/96 10 45.00 45.00 BE0113-0000 MONTHLY SERVICE
-----------
45.00
335 BEST WESTERN 300 PARK AVENUE NORTH ORANGE PARK
01 IV R6010271 1/01/96 10 184.32 184.32 BE0210-0000 MONTHLY SERVICE
-----------
184.32
20727 BEST WESTERN JEKYLL INN 337 1/2 KING STREET CHARLESTON
01 IV R5060013 6/26/95 10 125.00 28.14 JE0203-0000 MONTHLY SERVICE
01 IV R5080013 8/01/95 10 125.00 125.00 JE0203-0000 MONTHLY SERVICE
01 IV R5090013 9/01/95 10 125.00 125.00 JE0203-0000 MONTHLY SERVICE
01 IV R5100014 10/01/95 10 125.00 125.00 JE0203-0000 MONTHLY SERVICE
01 IV R5110011 11/01/95 10 125.00 125.00 JE0203-0000 MONTHLY SERVICE
01 IV R5120014 12/01/95 10 125.00 125.00 JE0203-0000 MONTHLY SERVICE
01 IV R6010017 1/01/96 10 125.00 125.00 JE0203-0000 MONTHLY SERVICE
-----------
778.14
10605 BETZ PAPER CHEM INC. 7510 BAYMEADOWS WAY JACKSONVILLE
01 IV R6010739 9/01/95 10 186.38 186.38 BE1000-0000 MONTHLY SERVICE
-----------
186.38
20770 BEYOND HAIR INC. DBA/BEAUTY WAREHOUSE PO BOX 780538 WICHITA
01 CM CM1 11/13/95 15 35.00- 35.00- 1 MO
01 CM CM2 11/13/95 17 2.28- 2.28- TAX
-----------
37.28-
20586 BFI 7580 PHILLIPS HIGHWAY JACKSONVILLE
01 IV R6011020 1/01/96 10 47.93 47.93 BF0100-0000 MONTHLY SERVICE
-----------
47.93
20026 BIG "J" FOODS PO BOX 2149 WAYCROSS
01 IV R6010071 1/01/96 10 88.50 88.50 BI0100-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 15
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
88.50
19796 BIG LOTS #504 978 ARLINGTON ROAD JACKSONVILLE
01 IV M1295036 12/05/95 40 55.00 55.00
---------
55.00
20602 BLACK-EYED PEA C/O FLORIDA RESTAURANT GROUP 6957 UNIVERSITY WINTER PARK
01 IV R5121225 12/01/95 10 68.37 68.37 BL0300-0000 MONTHLY SERVICE
01 IV R6011223 1/01/96 10 68.37 68.37 BL0300-0000 MONTHLY SERVICE
---------
136.74
20033 BLACKBEARDS ATTN: MAIRYLN-BLACKBEARDS 375 RIVERVIEW DRIVE JEKYLL ISLAND
01 IV R6010113 1/01/96 10 108.60 108.60 BL0053-0000 MONTHLY SERVICE
---------
108.60
10615 BLACKSTONE BUILDING 233 E. BAY STREET #701 JACKSONVILLE
01 IV R6010461 1/01/96 10 63.90 63.90 BL0100-0000 MONTHLY SERVICE
---------
63.90
19376 BLANCHE'S COURT YARD BOX 1030 HIGHLANDS
01 IV R6010016 1/01/96 10 95.00 95.00 BL0080-0000 MONTHLY SERVICE
---------
95.00
10630 BLUE CROSS/BLUE SHIELD OF FL ATTN: ACCOUNTS PAYABLE 532 RIVERSIDE AVENUE JACKSONVILLE
01 IV R5120496 12/01/95 10 265.50 265.50 BL0200-0000 MONTHLY SERVICE
01 IV R6010493 1/01/96 10 265.50 265.50 BL0200-0000 MONTHLY SERVICE
---------
531.00
18461 BLUESTEIN'S #2 FOODLAND STORE #8202 ROUTE 3 BOX 3329 TOWNSEND
01 IV R5120051 12/01/95 10 66.09 66.09 BL0203-0000 MONTHLY SERVICE
01 IV R6010055 1/01/96 10 66.09 66.09 BL0203-0000 MONTHLY SERVICE
---------
132.18
10620 BLUESTEIN'S GROCERY US #17 PO BOX 513 DARIEN
01 IV R6010049 1/01/96 10 80.85 80.85 BL0103-0000 MONTHLY SERVICE
---------
80.85
17457 BOB EVAN'S FARMS INC. 4110 40TH BLVD SW GAINESVILLE
01 IV R6011149 1/01/96 10 62.28 62.28 BO0064-0000 MONTHLY SERVICE
---------
62.28
19848 BOB EVANS 3535 SW COLLEGE ROAD OCALA
01 IV R5121314 12/01/95 10 56.18 56.18 BO0107-0000 MONTHLY SERVICE
01 IV R6011311 1/01/96 10 56.18 56.18 BO0107-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 16
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
112.36
18828 BOB EVANS FARMS, ROUTE #13 BOX 1078 LAKE CITY
INC. 01 IV R5120217 12/01/95 10 53.00 53.00 BO0054-0000 MONTHLY SERVICE
01 IV R6010219 1/01/96 10 53.00 53.00 BO0054-0000 MONTHLY SERVICE
---------
106.00
19849 BOISSONEAULT 2020 SE 17TH STREET OCALA
ONCOLOGY 01 IV R6011300 1/01/96 10 79.50 79.50 BO0207-0000 MONTHLY SERVICE
---------
79.50
188 BOLLES SCHOOL 7400 SAN JOSE BLVD. JACKSONVILLE
01 IV M1195110 11/22/95 40 2,300.00 2,300.00
---------
2,300.00
19023 BONO'S 1177-9 PARK AVENUE ORANGE PARK
01 IV R6010272 1/01/96 10 61.79 61.79 BO0134-0000 MONTHLY SERVICE
---------
61.79
19409 BONO'S 5229 JAMMES ROAD JACKSONVILLE
01 IV R6010657 1/01/96 10 61.50 61.50 BO0144-0000 MONTHLY SERVICE
---------
61.50
19434 BONO'S 139 CITY SMITTY ROAD ST. MARY'S
01 IV R6010178 1/01/96 10 57.75 57.75 BO0164-0000 MONTHLY SERVICE
---------
57.75
19437 BONO'S 5730 BOWDEN ROAD #307 JACKSONVILLE
01 IV R5120754 12/01/95 10 58.58 58.58 BO0124-0000 MONTHLY SERVICE
01 IV R5120755 12/01/95 10 58.58 58.58 BO0180-0000 MONTHLY SERVICE
01 IV R6010740 1/01/96 10 58.58 58.58 BO0104-0000 MONTHLY SERVICE
01 IV R6010741 1/01/96 10 58.58 58.58 BO0124-0000 MONTHLY SERVICE
01 IV R6010742 1/01/96 10 58.58 58.58 BO0180-0000 MONTHLY SERVICE
01 IV R6010743 1/01/96 10 58.58 58.58 BO0204-0000 MONTHLY SERVICE
01 IV R6010744 1/01/96 10 74.02 74.02 BO0304-0000 MONTHLY SERVICE
---------
425.50
19715 BONO'S 6910 W UNIVERSITY AVE #3 GAINESVILLE
01 IV R6011144 1/01/96 10 47.70 47.70 BO0165-0000 MONTHLY SERVICE
---------
47.70
20425 BONO'S 700-10 BLANDING BOULEVARD ORANGE PARK
01 IV R5090262 9/01/95 10 58.85 58.85 BO0160-0000 MONTHLY SERVICE
01 IV R5100267 10/01/95 10 58.85 58.85 BO0160-0000 MONTHLY SERVICE
01 IV R5110266 11/01/95 10 58.85 58.85 BO0160-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 17
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20425 BONO'S 700-10 BLANDING BOULEVARD ORANGE PARK
01 IV R5120272 12/01/95 10 58.85 58.85 BO0160-0000 MONTHLY SERVICE
01 IV R6010273 1/01/96 10 58.85 58.85 BO0160-0000 MONTHLY SERVICE
-------------
294.25
20767 BONO'S 10019-11 SAN JOSE BOULEVARD JACKSONVILLE
01 IV R6011066 1/01/96 10 58.58 58.58 BO0190-0000 MONTHLY SERVICE
-------------
58.58
19850 BONO'S BBQ 303 SE 17TH STREET #315 OCALA
01 UC UC-2533 3/13/95 189.50- 1.88-
01 UC UC-2614 4/10/95 64.42- 1.88-
01 IV R5091287 9/01/95 10 62.54 62.54 BO0307-0000 MONTHLY SERVICE
01 IV R5101289 10/01/95 10 62.54 62.54 BO0307-0000 MONTHLY SERVICE
01 IV R5111288 11/01/95 10 62.54 62.54 BO0307-0000 MONTHLY SERVICE
01 IV R5121302 12/01/95 10 62.54 62.54 BO0307-0000 MONTHLY SERVICE
01 IV R6011301 1/01/96 10 62.54 62.54 BO0307-0000 MONTHLY SERVICE
-------------
308.94
21143 BOSTON MARKET #1086 280 BLANDING BOULEVARD ORANGE PARK
01 IV M1295169 12/21/95 40 834.60 834.60
01 IV DM1 12/26/95 12 36.50 36.50 SB NEW 1/96
01 IV DM2 12/26/95 13 2.56 2.56 TAX
-------------
873.66
20303 BOWL AMERICA 361 BLANDING BOULEVARD ORANGE PARK
01 IV M1195066 11/09/95 40 55.00 55.O0
01 IV 1195084 11/14/95 40 125.66 125.66
-------------
180.66
11995 BRAMALEA LIMITED 5320 NORWOOD AVENUE JACKSONVILLE
01 IV R6010636 1/01/96 10 95.85 95.85 GA0600-0000 MONTHLY SERVICE
-------------
95.85
10725 BRANNON, BROWN, ETAL STATE EXCHANGE BANK 10 NORTH COLUMBIA POST OFFICE BOX 1029
01 IV R6010234 1/01/96 10 76.32 76.32 BR0100-0000 MONTHLY SERVICE
-------------
76.32
19394 BRANT, MOORE, ET AL 50 NORTH LAURA STREET #3100 JACKSONVILLE
01 IV R5120464 12/01/95 10 39.41 39.41 BR0140-0000 MONTHLY SERVICE
01 IV R6010462 1/01/96 10 39.41 39.41 BR0140-0000 MONTHLY SERVICE
-------------
78.82
10730 BRASINGTON CAD./OLDS INC. 2001 N.W. 13TH STREET GAINESVILLE
01 IV R6011100 1/01/96 10 42.81 42.81 BR01O5-0000 MONTHLY SERVICE
-------------
42.81
10740 BREAST HEALTH CENTER 580 W. 8TH STREET #901 JACKSONVILLE
01 IV R5110629 11/01/95 10 45.10 45.10 BR0120-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 18
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
10740 BREAST HEALTH CENTER 580 W. 8TH STREET #901 JACKSONVILLE
01 IV R5120642 12/01/95 10 45.10 45.10 BR0120-0000 MONTHLY SERVICE
01 IV R6010641 1/01/96 10 45.10 45.10 BR0120-0000 MONTHLY SERVICE
--------
135.30
10745 BRETT'S WATERWAY CAFE FERNANDINA HARBOR & MARKET PO BOX 1496 FERNANDINA BEACH
01 IV R6010194 1/01/96 10 192.92 192.92 BR0130-0000 MONTHLY SERVICE
--------
192.92
20079 BRIDAL CENTER OF 9787 ATLANTIC BOULEVARD JACKSONVILLE
JACKSONVILLE 01 IV R6010843 1/01/96 10 47.93 47.93 BR0110-0000 MONTHLY SERVICE
--------
47.93
20688 BRIDGE TERMINAL TRANSPORT 5100 GORDON STREET JACKSONVILLE
01 IV R6010806 1/01/96 30 37.28 37.28 BR0118-0000 MONTHLY SERVICE
--------
37.28
19196 BROADWAY BLUES INC. PO BOX 325 CONLEY
01 IV R6010019 1/01/96 10 39.75 39.75 ST0110-0000 MONTHLY SERVICE
--------
39.75
10765 BROUDY BROTHERS 198 WEST KING STREET POST OFFICE BOX 1689 ST. AUGUSTINE
01 IV R6010333 1/01/96 10 88.70 88.70 BR0504-0000 MONTHLY SERVICE
--------
88.70
20073 BROUDY'S LIQUORS PO BOX 1689 ST. AUGUSTINE
01 IV R6010361 1/01/96 10 71.55 71.55 BA0410-0000 MONTHLY SERVICE
01 IV R6010362 1/01/96 10 71.89 71.89 BR0170-0000 MONTHLY SERVICE
--------
143.44
21122 BROUDY'S LIQUORS 353 MARSH LANDING BOULEVARD JACKSONVILLE BEACH
01 IV M1195106 11/22/95 40 452.63 27.63
--------
27.63
13755 BRUMOS MOTOR CARS INC. 10231 ATLANTIC BLVD JACKSONVILLE
01 IV R6010697 1/01/96 10 92.77 92.77 PE0400-0000 MONTHLY SERVICE
--------
92.77
19822 BRYANS ACE HARDWARE SR 100 EAST PO BOX 548 KEYSTONE HEIGHTS
01 IV R6011198 1/01/96 10 42.80 42.80 BR0150-0000 MONTHLY SERVICE
--------
42.80
18104 BTI 6420 SOUTHPOINT PARKWAY JACKSONVILLE
01 IV R6010745 1/01/96 10 260.93 260.93 CS0120-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 19
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
260.93
20464 BUDDY HUTCHINSON HONDA 2898 US HIGHWAY 1 ST. AUGUSTINE
& MAZDA 01 IV R6010367 1/01/96 10 61.48 61.48 BU0120-0000 MONTHLY SERVICE
---------
61.48
925 BUDDY HUTCHINSON PONTIAC 3919 PHILLIPS HIGHWAY JACKSONVILLE
01 IV R6010592 1/01/96 10 61.50 61.50 PR0140-0000 MONTHLY SERVICE
---------
61.50
19400 BUDDY HUTCHINSON TOYOTA 5323 PHILLIPS HIGHWAY JACKSONVILLE
01 IV R5120595 12/01/95 10 75.62 75.62 BU0114-0000 MONTHLY SERVICE
01 IV R6010593 1/01/96 10 75.62 75.62 BU0114-0000 MONTHLY SERVICE
---------
151.24
19904 BUDGETEL INN - OCALA 3701 SW 38TH AVENUE OCALA
01 IV R5121315 12/01/95 10 47.70 47.70 OC0107-0000 MONTHLY SERVICE
01 IV R6011312 1/01/96 10 47.70 47.70 OC0107-0000 MONTHLY SERVICE
---------
95.40
18751 BUDGETEL INNS 105 TOURIST DRIVE BRUNSWICK
01 IV R5110086 11/01/95 10 35.00 35.00 BU0073-0000 MONTHLY SERVICE
01 IV R6010092 1/01/96 10 35.00 35.00 BU0073-0000 MONTHLY SERVICE
---------
70.00
18791 BUDGETEL INNS 3199 HARTLEY ROAD JACKSONVILLE
01 UC UC-380007 12/13/95 72.28- 72.28-
01 IV R6011067 1/01/96 10 37.28 37.28 BU0110-0000 MONTHLY SERVICE
---------
35.00-
10775 BURDINE'S 6671 NEWBERRY ROAD GAINESVILLE
01 IV R5101117 10/01/95 10 100.33 100.33 BU0124-0000 MONTHLY SERVICE
01 IV R5121129 12/01/95 10 100.33 100.33 BU0124-0000 MONTHLY SERVICE
01 IV R6011128 1/01/96 10 100.33 100.33 BU0124-0000 MONTHLY SERVICE
---------
300.99
19851 BURDINE'S 3100 SW COLLEGE ROAD OCALA
01 IV R5121287 12/01/95 10 68.90 68.90 BU0107-0000 MONTHLY SERVICE
01 IV R6011286 1/01/96 10 68.90 68.90 BU0107-0000 MONTHLY SERVICE
---------
137.80
4055 BURGER KING GREYHOUND BUS STATION 400 W. FORSYTH STREET JACKSONVILLE
01 IV R5100456 10/01/95 10 54.24 54.24 BU0274-0000 MONTHLY SERVICE
01 IV R5120465 12/01/95 10 54.24 54.24 BU0274-0000 MONTHLY SERVICE
01 IV M1295211 12/27/95 40 258.80 258.80
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 20
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
4055 BURGER KING GREYHOUND BUS STATION 400 W. FORSYTH STREET JACKSONVILLE
01 IV R6010463 1/01/96 10 54.24 54.24 BU0274-0000 MONTHLY SERVICE
---------
421.52
10835 BURGER KING C/O NATH FRANCHISE GROUP 5775 WAYZATA BLVD #800 ST LOUIS PARK
01 IV R6011398 1/01/96 10 37.10 37.10 BU0164-0000 MONTHLY SERVICE
---------
37.10
19784 BURGER KING 2910 W. BROADWAY #201 LOS ANGELES
01 IV R6011410 1/01/96 10 58.25 58.25 BU0103-0001 MONTHLY SERVICE
01 IV R6011411 1/01/96 10 58.25 58.25 BU0103-0000 MONTHLY SERVICE
01 IV R6011412 1/01/96 10 62.25 58.25 BU0123-0000 MONTHLY SERVICE
01 IV R6011413 1/01/96 10 58.25 58.25 BU0133-0000 MONTHLY SERVICE
01 IV R6011414 1/01/96 10 58.25 58.25 BU0890-0000 MONTHLY SERVICE
---------
295.25
20540 BURGER KING 2325 SR 16 ST AUGUSTINE
01 IV R5120387 12/01/95 10 37.10 37.10 BU0100-0000 MONTHLY SERVICE
01 IV R6010385 1/01/96 10 37.10 37.10 BU0100-0000 MONTHLY SERVICE
---------
74.20
20957 BURGER KING C/O RDP INC. PO BOX 1493 BRUNSWICK
01 IV R5080125 8/01/95 10 58.25 58.25 BU0890-0000 MONTHLY SERVICE
---------
58.25
21100 BURGER KING 1680 WELLS ROAD ORANGE PARK
01 IV M1295186 12/21/95 40 3,825.25 3,825.25
---------
3,825.25
18454 BURGER KING #5507 433 S. TEMPLE AVENUE STARKE
01 IV M1195034 11/07/95 40 169.92 169.92
---------
169.92
10795 BURGER KING/ 6916 UNIVERSITY AVENUE WEST GAINESVILLE
CONTEMPORARY MGMT. 01 UC UC-30077 10/31/95 3.17- 3.17-
01 IV M1195098 11/20/95 40 182.97 182.97
01 IV R5121144 12/01/95 10 564.04 564.04 BU0400-0000 MONTHLY SERVICE
01 IV M1295151 12/19/95 40 73.01 73.01
01 IV M1295221 12/28/95 40 55.00 55.00
01 IV R6011145 1/01/96 10 564.04 564.04 BU0400-0000 MONTHLY SERVICE
---------
1,435.89
17556 BUSH BOAKE 2051 NORTH LANE AVE. PO BOX 37617 JACKSONVILLE
ALLEN INC. 01 IV R6010913 1/01/96 30 52.50 52.50 UN0108-0000 MONTHLY SERVICE
---------
52.50
10840 BUTLER PLAZA 3232 S.W. 35TH BLVD #440 GAINESVILLE
01 IV R5061142 6/26/95 10 47.70 47.70 BU0505-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 21
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
10840 BUTLER PLAZA 3232 S.W. 35TH BLVD #440 GAINESVILLE
01 IV R5081163 8/01/95 10 47.70 47.70 BU0505-0000 MONTHLY SERVICE
01 IV R5091141 9/01/95 10 47.70 47.70 BU0505-0000 MONTHLY SERVICE
01 IV R5101138 10/01/95 10 47.70 47.70 BU0505-0000 MONTHLY SERVICE
01 IV R5111137 11/01/95 10 47.70 47.70 BU0505-0000 MONTHLY SERVICE
01 IV R5121151 12/01/95 10 47.70 47.70 BU0505-0000 MONTHLY SERVICE
01 IV R6011150 1/01/96 10 47.70 47.70 BU0505-0000 MONTHLY SERVICE
---------
333.90
17025 CABANA CLUB D/B/A CABANA CLUB 617 PONTE VEDRA BLVD PONTE VEDRA BEACH
01 IV R5120314 12/01/95 10 291.50 291.50 CA0500-0000 MONTHLY SERVICE
01 IV R6010314 1/01/96 10 291.50 291.50 CA0500-0000 MONTHLY SERVICE
---------
583.00
20282 CAFE & CATERER'S 4168 SOUTH THIRD STREET JACKSONVILLE BEACH
01 IV R5090975 9/01/95 10 47.93 47.93 CA0170-0000 MONTHLY SERVICE
01 IV R5100983 10/01/95 10 47.93 47.93 CA0170-0000 MONTHLY SERVICE
01 IV R5110984 11/01/95 10 47.93 47.93 CA0170-0000 MONTHLY SERVICE
01 IV R5120989 12/01/95 10 47.93 47.93 CA0170-0000 MONTHLY SERVICE
01 IV R6010989 1/01 96 10 47.93 47.93 CA0170-0000 MONTHLY SERVICE
---------
239.65
19018 CAFE OGLETHORPE 5445 FREDERICA ROAD ST. SIMON'S ISLAND
01 IV R5110144 11/01/95 10 100.00 100.00 CA0123-0000 MONTHLY SERVICE
01 IV R5120147 12/01/95 10 100.00 100.00 CA0123-0000 MONTHLY SERVICE
01 IV R6010151 1/01/96 10 100.00 100.00 CA0123-0000 MONTHLY SERVICE
---------
300.00
10855 CANADA DRY BOTTLING CO. 6001 BOWDENDALE AVENUE POST OFFICE BOX 17999 JACKSONVILLE
01 IV R6010963 1/01/96 10 76.10 76.10 CA0414-0000 MONTHLY SERVICE
---------
76.10
16045 CAPTAIN D'S ATTN: STEVE PENNINGTON 6301 SAN JUAN AVENUE JACKSONVILLE
01 IV R5110652 11/01/95 10 30.35 30.35 CA0070-0000 MONTHLY SERVICE
01 IV R5110655 11/01/95 10 30.21 30.21 CA0110-0000 MONTHLY SERVICE
01 IV R5110650 11/01/95 10 30.50 30.50 CA0050-0000 MONTHLY SERVICE
01 IV R5110656 11/01/95 10 30.50 30.50 CA0140-0000 MONTHLY SERVICE
01 IV R5120663 12/01/95 10 30.50 30.50 CA0050-0000 MONTHLY SERVICE
01 IV R5120668 12/01/95 10 30.21 30.21 CA0110-0000 MONTHLY SERVICE
01 IV R5120669 12/01/95 10 30.50 30.50 CA0140-0000 MONTHLY SERVICE
01 IV R6010660 1/01/96 10 30.35 30.35 CA0040-0000 MONTHLY SERVICE
01 IV R6010664 1/01/96 10 30.35 30.35 CA0080-0000 MONTHLY SERVICE
01 IV R6010665 1/01/96 10 30.35 30.35 CA0090-0000 MONTHLY SERVICE
01 IV R6010666 1/01/96 10 30.21 30.21 CA0110-0000 MONTHLY SERVICE
01 IV R6010667 1/01/96 10 30.50 30.50 CA0140-0000 MONTHLY SERVICE
01 IV R6010658 1/01/96 10 30.35 30.35 CA0020-0000 MONTHLY SERVICE
01 IV R6010659 1/01/96 10 30.35 30.35 CA0030-0000 MONTHLY SERVICE
01 IV R6010661 1/01/96 10 30.50 30.50 CA0050-0000 MONTHLY SERVICE
01 IV R6010662 1/01/96 10 30.35 30.35 CA0060-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 22
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
16045 CAPTAIN D'S ATTN: STEVE PENNINGTON 6301 SAN JUAN AVENUE JACKSONVILLE
01 IV R6010663 1/01/96 10 30.35 30.35 CA0070-0000 MONTHLY SERVICE
---------
516.43
18749 CAPTAIN D'S PO BOX 464 VIDALIA
01 IV R6010034 1/01/96 10 30.21 30.21 CA0120-0000 MONTHLY SERVICE
---------
30.21
21046 CAPTAIN D'S 161 ALTAMA CONNECTOR BRUNSWICK
01 IV R6010130 1/01/96 10 28.50 28.50 CA0150-0000 MONTHLY SERVICE
---------
28.50
17120 CAPTAIN D'S #3376 804 S. WALNUT ST. STARKE
01 IV M1295144 12/19/95 40 55.00 55.00
---------
55.00
21029 CAPTAIN STEVE'S SEAFOOD 1183 BEACH BOULEVARD JACKSONVILLE BEACH
01 IV R6010990 1/01/96 10 58.58 58.58 CA0190-0000 MONTHLY SERVICE
---------
58.58
18031 CAPTAIN'S TABLE 146 DARIEN HIGHWAY BRUNSWICK
01 IV R5120153 12/01/95 10 36.00 36.00 CA0143-0000 MONTHLY SERVICE
01 IV R6010157 1/01/96 10 36.00 36.00 CA0143-0000 MONTHLY SERVICE
---------
72.00
18671 CARLYLE & CO. ATTN: ACCTS PAYABLE PO BOX 21768 GREENSBORO
01 IV R6010008 1/01/96 10 159.75 159.75 CA0130-0000 MONTHLY SERVICE
01 IV R6010009 1/01/96 10 159.75 159.75 CA0160-0000 MONTHLY SERVICE
---------
319.50
20308 CARNETT 8505 BAY CENTER ROAD JACKSONVILLE
01 IV R6011021 1/01/96 10 47.93 47.93 CA0180-0000 MONTHLY SERVICE
---------
47.93
10890 CARUSO CHRYSLER PLYMOUTH 1750 SOUTHSIDE BLVD PO BOX 16129 JACKSONVILLE
01 IV R6010964 1/01/96 10 26.63 26.63 CA0750-0000 MONTHLY SERVICE
---------
26.63
10895 CASTLETON BEVERAGE CORP. BACARDI PLANT 12200 NORTH MAIN STREET POST OFFICE BOX 26368
01 IV R6010822 1/01/96 10 77.89 77.89 CA0800-0000 MONTHLY SERVICE
---------
77.89
11155 CB COMMERCIAL REAL ESTATE 121 W. FORSYTH STREET #100 JACKSONVILLE
01 IV R6010464 1/01/96 10 63.14 63.14 CO0180-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 23
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-------
63.14
21116 CEDAR RIVER SEAFOOD 2475-1 BLANDING BOULEVARD MIDDLEBURG
O1 IV R6010266 1/01/96 10 52.43 52.43 CE0190-0000 MONTHLY SERVICE
-------
52.43
21117 CEDAR RIVER SEAFOOD 601 NORTH KINGS ROAD CALLAHAN
01 IV R6010186 1/01/96 10 51.94 51.94 CE0180-0000 MONTHLY SERVICE
-------
51.94
21097 CELLULAR ONE 8081 PHILLIPS HIGHWAY #10 JACKSONVILLE
01 IV M1295067 12/05/95 40 125.00 125.00
01 IV R6011022 1/01/96 10 47.93 47.93 CE0150-0000 MONTHLY SERVICE
--------
172.93
18951 CENPO LTD G.M.H. MANAGEMENT INC. #610 1665 PALM BEACH LAKES BLVD WEST PALM BEACH
01 UC UC-445295 5/08/95 45.00- 45.00-
01 IV R6011239 1/01/96 10 50.49 50.49 ME0304-0000 MONTHLY SERVICE
-------
5.49
21058 CENTER STREET C/O CITY OF FERNANDINA BEACH 2500 ATLANTIC AVENUE FERNANDINA BEACH
01 CM CM1 12/05/95 57 41.10- 5.70 TAX
O1 CM CM2 12/15/95 17 5.70- 5.70- TAX
01 IV R6010195 1/01/96 10 95.00 95.00 CE0170-0000 MONTHLY SERVICE
--------
95.00
20968 CENTRAL PARK #3 PO BOX 4009 EASTMAN
01 IV R5120044 12/01/95 10 65.00 65.00 CE0140-0000 MONTHLY SERVICE
01 IV R6010048 1/01/96 10 65.00 65.00 CE0140-0000 MONTHLY SERVICE
--------
130.00
19855 CERTIFIED GROCERS 8305 SE 58TH AVENUE PO BOX 1510 OCALA
01 IV R5121345 12/01/95 10 50.88 50.88 CE0207-0000 MONTHLY SERVICE
01 IV R6011343 1/01/96 10 50.88 50.88 CE0207-0000 MONTHLY SERVICE
--------
101.76
19278 CHA CHA'S 9551 BAYMEADOWS ROAD JACKSONVILLE
01 IV R6010746 1/01/96 20 58.58 58.58 CH0306-0000 MONTHLY SERVICE
--------
58.58
20701 CHAMPION ELECTRICAL/TELECOM 8967-B PHILLIPS HIGHWAY JACKSONVILLE
01 IV M1094044 10/17/94 40 10,000.00 1,000.00
01 IV M0595199 5/10/95 40 10,000.00 250.00
--------
1,250.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 24
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19248 CHAMPIONS RESTAURANT PINE LAKES COUNTRY CLUB 400 PINE LAKES PARKWAY PALM COAST
01 IV R6010424 1/01/96 20 110.05 110.05 PI0116-0000 MONTHLY SERVICE
--------
110.05
18373 CHARMAR RESTAURANTS INC. PO BOX 60847 JACKSONVILLE
01 IV M1195113 11/29/95 40 66.56 66.56
01 IV MI295066 12/05/95 40 55.00 55.00
01 IV R6010914 1/01/96 10 46.69 46.69 BU0714-0000 MONTHLY SERVICE
01 IV R6010915 1/01/96 10 46.69 46.69 BU0724-0000 MONTHLY SERVICE
01 IV R6010916 1/01/96 10 46.69 46.69 BU0734-0000 MONTHLY SERVICE
01 IV R6010917 1/01/96 10 46.69 46.69 BU0914-0000 MONTHLY SERVICE
01 IV R6010918 1/01/96 10 46.69 46.69 BU0924-0000 MONTHLY SERVICE
01 IV R6010919 1/01/96 10 46.69 46.69 BUO934-0000 MONTHLY SERVICE
01 IV R6010920 1/01/96 10 46.69 46.69 BU1414-0000 MONTHLY SERVICE
--------
448.39
19313 CHARNECO SKIN CARE CENTER 1801 BARRS STREET #615 JACKSONVILLE
01 IV R6010506 1/01/96 10 43.67 43.67 CH0110-0000 MONTHLY SERVICE
--------
43.67
18480 CHASE MANHATTAN MORTGAGE 9485 REGENCY SQUARE, STE 205 JACKSONVILLE
01 IV R6010845 1/01/96 10 44.20 44.20 CH0410-0000 MONTHLY SERVICE
--------
44.20
10995 CHINA HOUSE RESTAURANT 1540 ATLANTIC BLVD JACKSONVILLE
01 IV R6010594 1/01/96 10 38.63 38.63 CH0400-0000 MONTHLY SERVICE
--------
38.63
19272 CHRIST THE KING SCHOOL 6822 LARKIN RD JACKSONVILLE
01 IV M0895083 8/14/95 40 87.08 87.08
01 IV M0895030 9/05/95 40 137.50 137.50
--------
224.58
19324 CHRISTIAN S. BERDY, DDS 2360 PARK STREET JACKSONVILLE
01 IV R6010507 1/01/96 10 62.84 62.84 MI0150-0000 MONTHLY SERVICE
--------
62.84
20127 CHUCK WAGON 3483 SW WILLISTON ROAD GAINESVILLE
01 IV R5121152 12/01/95 10 82.15 82.15 CH0120-0000 MONTHLY SERVICE
01 IV R6011151 1/01/96 10 82.15 82.15 CH0120-0000 MONTHLY SERVICE
--------
164.30
10010 CIGNA C & P COMPANY 644 CESERY BLVD JACKSONVILLE
01 IV R6010698 1/01/96 10 155.76 155.76 AE0100-0000 MONTHLY SERVICE
--------
155.76
20711 CISCO TRAVEL PLAZA/ARBYS 1104 COLERAIN ROAD KINGSLAND
01 IV R6010170 1/01/96 10 95.00 95.00 AR0160-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 25
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
95.00
4285 CITIZENS BANK 930 UNIVERSITY BLVD N JACKSONVILLE
01 IV R6010699 1/01/96 10 48.88 48.88 CI0300-0002 MONTHLY SERVICE
-----------
48.88
19999 CITIZENS FIRST BANK PO BOX 548 OCALA
01 UC UC-21525 12/11/95 47.70- 47.70 -
01 IV R6011327 1/01/96 10 47.70 47.70 CI0107-0000 MONTHLY SERVICE
01 IV R6011328 1/01/96 10 47.70 47.70 CI0307-0000 MONTHLY SERVICE
-----------
47.70
20097 CLAIRSON INTERNATIONAL ATTN: DEBORAH CHARLES 720 SW 17TH STREET OCALA
01 IV R6011287 1/01/96 10 47.70 47.70 CL0124-0000 MONTHLY SERVICE
-----------
47.70
20098 CLAIRSON INTERNATIONAL ATTN: DEBORAH CHARLES 650 SW 27TH AVENUE OCALA
01 IV R6011280 1/01/96 10 47.70 47.70 CL0114-0000 MONTHLY SERVICE
-----------
47.70
10770 CLARION RESORT 85 BEACHVIEW DRIVE JEKYLL ISLAND
01 IV R5110154 11/01/95 10 251.50 251.50 BU0093-0000 MONTHLY SERVICE
01 IV R5120157 12/01/95 10 251.50 251.50 BU0093-0000 MONTHLY SERVICE
01 IV R6010160 1/01/96 10 251.50 251.50 BU0093-0000 MONTHLY SERVICE
-----------
754.50
18240 CLARK'S FISH CAMP 12903 HOOD LANDING JACKSONVILLE
01 IV M1195104 11/22/95 40 223.65 223.65
01 IV M1195103 11/22/95 40 117.15 7.15
01 IV R6010835 1/01/96 10 122.48 122.48 CL0094-0000 MONTHLY SERVICE
-----------
353.28
17002 CLAY COUNTY BANK 794 BLANDING BLVD. PO BOX 2107 ORANGE PARK
01 IV R6010256 1/01/96 10 68.85 68.85 CL0150-0000 MONTHLY SERVICE
-----------
68.85
795 CLAY EYE PHYSICIANS & 2023 PROFESSIONAL CENTER DRIVE ORANGE PARK
SURGEONS 01 IV R6010274 1/01/96 10 77.47 77.47 OR0150-0000 MONTHLY SERVICE
-----------
77.47
11055 CLERK CIRCUIT COURT ATTN: JOHN KEENE PO BOX 698 GREEN COVE SPRG
01 IV R6010215 1/01/96 10 65.00 65.00 CL0250-0000 MONTHLY SERVICE
-----------
65.00
11040 CLOCK RESTAURANT 902 CLINT MOORE ROAD #126 BOCA RATON
HEADQUARTERS 01 IV R5111231 11/01/95 10 42.40 42.40 CL0105-0000 MONTHLY SERICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 26
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- -------------- --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
11040 CLOCK RESTAURANT HEADQUARTERS 902 CLINT MOORE READ #126 BOCA RATON
01 IV R5111234 11/01/95 10 42.60 42.60 CL0320-0000 MONTHLY SERVICE
01 IV R5111233 11/01/95 10 42.40 42.40 CL0310-0000 MONTHLY SERVICE
01 IV R5111232 11/01/95 10 42.40 42.40 CL0107-0000 MONTHLY SERVICE
01 IV R5121245 12/01/95 10 42.40 42.40 CL0105-0000 MONTHLY SERVICE
01 IV R5121246 12/01/95 10 42.40 42.40 CL0107-0000 MONTHLY SERVICE
01 IV R5121247 12/01/95 10 42.40 42.40 CL0310-0000 MONTHLY SERVICE
01 IV R5121248 12/01/95 10 42.60 42.60 CL0320-0000 MONTHLY SERVICE
01 IV R6011243 1/01/96 10 42.40 42.40 CL0105-0000 MONTHLY SERVICE
01 IV R6011244 1/01/96 10 42.40 42.40 CL0107-0000 MONTHLY SERVICE
01 IV R6011245 1/01/96 10 42.40 42.40 CL0310-0000 MONTHLY SERVICE
01 IV R6011246 1/01/96 10 42.60 42.60 CL0320-0000 MONTHLY SERVICE
---------
509.40
20785 CNB NATIONAL BANK 1562 SOUTH OHIO AVENUE LIVE OAK
01 IV R6010242 1/01/96 10 56.71 56.71 CN0140-0000 MONTHLY SERVICE
---------
56.71
20786 CNB NATIONAL BANK 145 WEST BAYA AVENUE LAKE CITY
01 IV R6010221 1/01/96 10 65.14 65.14 CN0130-0000 MONTHLY SERVICE
---------
65.14
20787 CNB NATIONAL BANK 606 WEST MADISON STARKE
01 IV R6010377 1/01/96 10 62.54 62.54 CN0120-0000 MONTHLY SERVICE
---------
62.54
20969 COACH ONE COACH WAY JACKSONVILLE
01 IV R5100864 10/01/95 10 55.38 55.38 CO0210-0000 MONTHLY SERVICE
01 IV R5110864 11/01/95 10 55.38 55.38 CO0210-0000 MONTHLY SERVICE
01 IV R5120870 12/01/95 10 55.38 55.38 CO0210-0000 MONTHLY SERVICE
01 IV M1295103 12/11/95 40 47.93 47.93
01 IV R6010860 1/01/96 10 82.01 82.01 CO0210-0000 MONTHLY SERVICE
---------
296.08
21010 COASTAL BBQ DEVELOPMENT DBA/SONNY'S PO BOX 1128 KINGSLAND
01 IV R6010171 1/01/96 10 180.00 180.00 SO1040-0000 MONTHLY SERVICE
---------
180.00
18127 COGGIN ACURA PO BOX 7699 JACKSONVILLE
01 IV R5100920 10/01/95 10 191.70 105.44 CO0034-0000 MONTHLY SERVICE
01 IV R5110920 11/01/95 10 191.70 101.18 CO0034-0000 MONTHLY SERVICE
01 IV R5120926 12/01/95 10 101.18 101.18 CO0034-0000 MONTHLY SERVICE
01 IV R6010926 1/01/96 10 101.18 101.18 CO0034-0000 MONTHLY SERVICE
---------
408.98
17342 COGGIN HONDA 9401 ATLANTIC BLVD PO BOX 17157 JACKSONVILLE
01 IV R5120965 12/01/95 10 90.26 90.26 CO0120-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 27
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ ---------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
17342 COGGIN HONDA 9401 ATLANTIC BLVD PO BOX 17157 JACKSONVILLE
01 IV R6010965 1/01/96 10 90.26 90.26 CO0120-0000 MONTHLY SERVICE
----------
180.52
17965 COGGIN NISSAN 10600 ATLANTIC BLVD. JACKSONVILLE
01 IV R6010846 1/01/96 10 58.58 58.58 CO0044-0000 MONTHLY SERVICE
----------
58.58
11100 COGGIN PONTIAC PO BOX 8829/8849 JACKSONVILLE
01 IV R5120932 12/01/95 10 193.83 193.83 CO0100-0000 MONTHLY SERVICE
01 IV R6010932 1/01/96 10 193.83 193.83 CO0100-0000 MONTHLY SERVICE
----------
387.66
958 COLEMAN ELECTRIC CO. 3508 LENOX AVENUE JACKSONVILLE
01 IV S995002 9/18/95 40 12,910.00 12,910.00
01 IV M0995174 9/27/95 40 13,412.45 13,412.45
01 IV M1195041 11/08/95 40 9,319.80 9,319.80
01 IV M1195078 11/13/95 40 1,315.70 1,315.70
01 IV M1195077 11/13/95 40 12,421.70 12,421.70
01 IV M1295081 12/07/95 40 12,421.70 12,421.70
01 IV M1295188 12/21/95 40 13,718.08 13,718.08
----------
75,519.43
11160 COLUMBIA COUNTY 127 W. HILLSBOROUGH AVE POST OFFICE DRAWER 1609 LAKE CITY
BANK 01 IV R6010222 1/01/96 10 93.95 93.95 CO0200-0000 MONTHLY SERVICE
----------
93.95
2033 COLUMBIA HOUSE 98 ST. GEORGE STREET ST. AUGUSTINE
RESTAURANT 01 IV R5090325 9/01/95 10 79.50 64.70 CO0170-0000 MONTHLY SERVICE
01 IV M0995137 9/21/95 40 429.30 429.30
01 IV R5100330 10/01/95 10 79.50 79.50 CO0170-0000 MONTHLY SERVICE
01 IV R5110328 11/01/95 10 79.50 79.50 CO0170-0000 MONTHLY SERVICE
01 IV R5120335 12/01/95 10 79.50 79.50 CO0170-0000 MONTHLY SERVICE
01 IV R6010334 1/01/96 10 79.50 79.50 CO0170-0000 MONTHLY SERVICE
----------
812.00
19352 COMCAST 5750 S. SEMORAN BLVD. ORLANDO
01 IV R6011229 1/01/96 10 74.20 74.20 BE0307-0000 MONTHLY SERVICE
01 IV R6011227 1/01/96 10 74.20 74.20 BE0205-0000 MONTHLY SERVICE
01 IV R6011228 1/01/96 10 74.20 74.20 BE0304-0000 MONTHLY SERVICE
----------
222.60
2481 COMFORT INN 711 BEACHVIEW DRIVE JEKYLL ISLAND
01 IV R5100094 10/01/95 10 186.50 186.50 CO0123-0000 MONTHLY SERVICE
01 IV R5110088 11/01/95 10 186.50 186.50 CO0123-0000 MONTHLY SERVICE
01 IV R5120093 12/01/95 10 186.50 186.50 CO0123-0000 MONTHLY SERVICE
01 IV R6010094 1/01/96 10 186.50 186.50 CO0123-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 28
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------
746.00
18810 COMFORT INN/DENNY'S/ 490 NEW JESUP HIGHWAY BRUNSWICK
SLEEP INN 01 IV R5100095 10/01/95 10 240.00 240.00 CO0113-0000 MONTHLY SERVICE
01 IV R5110089 11/01/95 10 240.00 240.00 CO0113-0000 MONTHLY SERVICE
01 IV R5120094 12/01/95 10 240.00 240.00 CO0113-0000 MONTHLY SERVICE
01 IV R6010095 1/01/96 10 240.00 240.00 CO0113-0000 MONTHLY SERVICE
--------
960.00
18328 COMFORT SUITES HOTEL 8333 DIX ELLIS TRAIL JACKSONVILLE
01 IV R6010748 1/01/96 10 83.60 83.60 CO0440-0000 MONTHLY SERVICE
--------
83.60
19291 COMMUNITY FIRST BANK 3740 BEACH BLVD #101 JACKSONVILLE
01 IV R6010595 1/01/96 10 58.58 58.58 CO0154-0000 MONTHLY SERVICE
--------
58.58
19197 COMMUNITY NATIONAL BANK ATTN: ACCOUNTS PAYABLE PO BOX 3239 LAKE CITY
01 IV R6010238 1/01/96 10 74.94 74.94 CO0340-0000 MONTHLY SERVICE
01 IV R6010235 1/01/96 10 53.50 53.50 CI0170-0000 MONTHLY SERVICE
01 IV R6010236 1/01/96 10 58.30 58.30 CO0190-0000 MONTHLY SERVICE
01 IV R6010237 1/01/96 10 56.71 56.71 CO0290-0000 MONTHLY SERVICE
--------
243.45
11180 COMMUNITY S & L BLDG. PO DRAWER 5809 JACKSONVILLE
01 IV R6010596 1/01/96 10 73.91 73.91 CO0364-0000 MONTHLY SERVICE
--------
73.91
11175 COMMUNITY SAVINGS BANK 3740 BEACH BLVD. #101 JACKSONVILLE
01 IV R6010597 1/01/96 10 61.50 61.50 CO0320-0000 MONTHLY SERVICE
01 IV R6010598 1/01/96 10 69.70 69.70 CO0350-0000 MONTHLY SERVICE
01 IV R6010599 1/01/96 10 64.13 64.13 CO0370-0000 MONTHLY SERVICE
--------
195.33
21004 COMPUMEDIA 2100 CORPORATE SQ. BLVD. #101 JACKSONVILLE
01 IV R5120762 12/01/95 10 47.93 47.93 CO0150-0000 MONTHLY SERVICE
01 IV R6010749 1/01/96 10 47.93 47.93 CO0150-0000 MONTHLY SERVICE
--------
95.86
19145 COMPUTER POWER ATTN: VERONICA CATANESE PO BOX 2388 JACKSONVILLE
01 IV R6010861 1/01/96 10 149.10 149.10 CO0380-0000 MONTHLY SERVICE
--------
149.10
20852 COMPUTER POWER INC. ATTN: CINDY CROSS 601 RIVERSIDE AVENUE JACKSONVILLE
01 IV R5120513 12/01/95 10 133.13 133.13 CO0420-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 29
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20852 COMPUTER POWER INC. ATTN: CINDY CROSS 601 RIVERSIDE AVENUE JACKSONVILLE
01 IV R6010508 1/01/96 10 1,917.00 1,917.00 CO0140-0000 MONTHLY SERVICE
01 IV R6010509 1/01/96 10 122.48 122.48 CO0410-0000 MONTHLY SERVICE
01 IV R6010510 1/01/96 10 133.13 133.13 CO0420-0000 MONTHLY SERVICE
-----------
2,305.74
11195 CONRAD HAWKINS CHEVROLET 10880 PHILLIPS HIGHWAY JACKSONVILLE
01 IV R6011023 1/01/96 10 282.23 282.23 CO0400-0000 MONTHLY SERVICE
-----------
282.23
20456 CONSTRUCTION BOOKSTORE 1830 NE 2ND STREET GAINESVILLE
01 IV R5061154 6/26/95 30 47.70 47.70 CO0108-0000 MONTHLY SERVICE
01 IV R5081175 8/01/95 30 47.70 47.70 CO0108-0000 MONTHLY SERVICE
01 IV R5091153 9/01/95 30 47.70 47.70 CO0108-0000 MONTHLY SERVICE
01 IV R5101150 10/01/95 30 47.70 47.70 CO0108-0000 MONTHLY SERVICE
01 IV R5111149 11/01/95 30 47.70 47.70 CO0108-0000 MONTHLY SERVICE
01 IV R5121162 12/01/95 30 47.70 47.70 CO0108-0000 MONTHLY SERVICE
01 IV R6011161 1/01/96 30 47.70 47.70 CO0108-0000 MONTHLY SERVICE
-----------
333.90
11205 COOPERS & LYBRAND,L.L.P. 50 N. LAURA STREET #3000 JACKSONVILLE
01 IV R6010465 1/01/96 10 143.78 143.78 CO0600-0000 MONTHLY SERVICE
-----------
143.78
20880 CORBEL AND COMPANY 1660 PRUDENTIAL DRIVE JACKSONVILLE
01 IV R6010600 1/01/96 10 159.75 159.75 CO0220-0000 MONTHLY SERVICE
-----------
159.75
20516 COVE RESTAURANT 2500 BEACH BOULEVARD JACKSONVILLE BEACH
01 IV R5100985 10/01/95 10 360.50 360.50 CO0700-0000 MONTHLY SERVICE
01 IV R5120991 12/01/95 10 360.50 360.50 CO0700-0000 MONTHLY SERVICE
01 IV R6010991 1/01/96 10 360.50 360.50 CO0700-0000 MONTHLY SERVICE
-----------
1,081.50
2211 COWBOY'S RESTAURANT 299 DONDANVILLE ROAD ST. AUGUSTINE
01 IV R5110329 11/01/95 20 79.50 79.50 CO0306-0000 MONTHLY SERVICE
01 IV R5120336 12/01/95 20 79.50 79.50 CO0306-0000 MONTHLY SERVICE
01 IV R6010335 1/01/96 20 79.50 79.50 CO0306-0000 MONTHLY SERVICE
-----------
238.50
18030 CRAB TRAP RESTAURANT 1209 OCEAN BLVD ST. SIMONS ISLAND
01 IV R6010137 1/01/96 10 462.00 462.00 CR0113-0000 MONTHLY SERVICE
-----------
462.00
696 CRABPOT 12 N. OCEANFRONT DRIVE JAX BEACH
01 IV M1195108 11/22/95 40 106.50 106.50
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 30
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
696 CRABPOT 12 N. OCEANFRONT DRIVE JAX BEACH
01 IV R5120992 12/01/95 30 87.86 87.86 CR0108-0000 MONTHLY SERVICE
01 IV M1295099 12/08/95 40 47.93 47.93
01 IV R6010992 1/01/96 30 87.86 87.86 CR0108-0000 MONTHLY SERVICE
-----------
330.15
10560 CRAFTS & STUFF MILLHOPPER SHOPPING CENTR 4113 N.W. 16TH BLVD GAINESVILLE
01 IV R6011101 1/01/96 10 66.41 66.41 BE0405-0000 MONTHLY SERVICE
-----------
66.41
10535 CRAFTS & STUFF #3659 206 RETREAT ROAD ST. SIMONS ISLAND
01 IV R6010138 1/01/96 10 60.00 60.00 BE0203-0000 MONTHLY SERVICE
-----------
60.00
20670 CRAFTS AND STUFF 6915 NW 4TH BOULEVARD GAINESVILLE
01 IV R6011146 1/01/96 10 68.90 68.90 CR0140-0000 MONTHLY SERVICE
-----------
68.90
19635 CREATIVE MANAGEMENT 400 RIVERSIDE AVENUE JACKSONVILLE
SERVICES 01 IV R6010511 1/01/96 10 42.07 42.07 CR0144-0000 MONTHLY SERVICE
-----------
42.07
18144 CROWLEY MARITIME ATTN: CINDY WRIGHT RCP PO BOX 2110 JACKSONVILLE
01 IV R6010494 1/01/96 10 744.44 744.44 CR0120-0001 MONTHLY SERVICE
01 IV R6010495 1/01/96 10 54.12 54.12 CR0120-0002 MONTHLY SERVICE
-----------
798.56
11240 CROWLEY-MARITIME CARIBBEAN DIVISION & 5TH FL 9487 REGENCY SQUARE BLVD. POST OFFICE BOX 2110
01 IV M1295086 12/08/95 40 58.58 58.58
-----------
58.58
18192 CSX 3019 WARRINGTON STREET JACKSONVILLE
01 IV M1295014 12/01/95 40 262.38 262.38
-----------
262.38
18345 CSX--5,6 & 7 FLOORS ATTN: ACCTS PAYABLE 550 WATER STREET PO BOX 45014
01 IV R6010880 1/01/96 10 397.02 397.02 CY0140-0000 MONTHLY SERVICE
-----------
397.02
18594 CSX TECHNOLOGY ATTEN: ACCTS PAYABLE 550 WATER STREET PO BOX 45014
01 IV R6010879 1/01/96 10 156.45 156.45 CY0130-0000 MONTHLY SERVICE
-----------
156.45
20366 CSX TRANSPORTATION SPEED CODE J600 ATTN: WAYNE BUTLER 6737 SOUTHPOINT DR S.
01 IV R6010750 1/01/96 10 228.98 228.98 CS0140-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 31
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------
228.98
2715 CUCO'S 347 BLANDING BLVD ORANGE PARK
01 IV R5060255 6/26/95 10 76.51 2.30 CU0100-0000 MONTHLY SERVICE
01 IV R5080265 8/01/95 10 76.51 76.51 CU0100-0000 MONTHLY SERVICE
--------
78.81
17681 CUCO'S 2 INDEPENDENT DRIVE JACKSONVILLE
01 IV R5110458 11/01/95 10 122.48 122.48 CU0200-0000 MONTHLY SERVICE
01 IV R5120468 12/01/95 10 122.48 122.48 CU0200-0000 MONTHLY SERVICE
01 IV R6010466 1/01/96 10 122.48 122.48 CU0200-0000 MONTHLY SERVICE
--------
367.44
19662 CYBERNETICS & SYSTEMS INC. ATTN: TOMMY WHEELER 550 WATER STREET - 9TH FL JACKSONVILLE
01 IV R6010467 1/01/96 10 124.35 124.35 CY0110-0000 MONTHLY SERVICE
01 IV R6010468 1/01/96 10 104.85 104.85 CY0160-0000 MONTHLY SERVICE
01 IV R6010469 1/01/96 30 31.63 31.63 CY0108-0000 MONTHLY SERVICE
--------
260.83
11355 D.S.I. FORMS INC. ST. JOHNS RIVER BARGE PORT ROUTE 6 BOX 971 PALATKA
01 IV R6010306 1/01/96 10 89.78 89.78 DS0100-0000 MONTHLY SERVICE
--------
89.78
17791 DAILY DISCOUNT DRUG STORE 1030 N. ARLINGTON ROAD JACKSONVILLE
01 IV R6010700 1/01/96 10 49.79 49.79 DA0310-0000 MONTHLY SERVICE
--------
49.79
18880 DAIRY QUEEN 4435 ALTAMA AVENUE BRUNSWICK
01 IV R5090093 9/01/95 10 46.00 46.00 DA0133-0000 MONTHLY SERVICE
01 IV R5100097 10/01/95 10 46.00 46.00 DA0133-0000 MONTHLY SERVICE
01 IV R5110091 11/01/95 10 46.00 46.00 DA0133-0000 MONTHLY SERVICE
01 IV R5120096 12/01/95 10 46.00 46.00 DA0133-0000 MONTHLY SERVICE
01 IV R6010097 1/01/96 10 46.00 46.00 DA0133-0000 MONTHLY SERVICE
--------
230.00
20406 DAIRY QUEEN 2218 NORWICH STREET BRUNSWICK
01 IV R5090092 9/01/95 10 46.00 46.00 DA0130-0000 MONTHLY SERVICE
01 IV R5100096 10/01/95 10 46.00 46.00 DA0130-0000 MONTHLY SERVICE
01 IV R5110090 11/01/95 10 46.00 46.00 DA0130-0000 MONTHLY SERVICE
01 IV R5120095 12/01/95 10 46.00 46.00 DA0130-0000 MONTHLY SERVICE
01 IV R6010096 1/01/96 10 46.00 46.00 DA0130-0000 MONTHLY SERVICE
--------
230.00
20856 DAIRY QUEEN 501 MALLORY ST SIMON'S ISLAND
01 IV R5090094 9/01/95 10 58.00 58.00 DA0140-0000 MONTHLY SERVICE
01 IV R5100098 10/01/95 10 58.00 58.00 DA0140-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 32
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20856 DAIRY QUEEN 501 MALLORY ST SIMON'S ISLAND
01 IV R5110092 11/01/95 10 58.00 58.00 DA0140-0000 MONTHLY SERVICE
01 IV R5120097 12/01/95 10 58.00 58.00 DA0140-0000 MONTHLY SERVICE
01 IV R6010098 1/01/96 10 58.00 58.00 DA0140-0000 MONTHLY SERVICE
---------
290.00
19709 DAMON'S 2463 DEMERE ROAD #102 ST. SIMON'S ISLAND
01 IV R5120135 12/01/95 10 90.00 90.00 DA0153-0000 MONTHLY SERVICE
01 IV R6010139 1/01/96 10 90.00 90.00 DA0153-0000 MONTHLY SERVICE
---------
180.00
2174 DAN VADEN CHEVROLET-OLDS 1004 GLOUCESTER STREET POST OFFICE BOX 1798 BRUNSWICK
01 IV R6010099 1/01/96 10 98.00 98.00 CO0103-0000 MONTHLY SERVICE
---------
98.00
19349 DANNY SULLIVAN LEXUS 10259 ATLANTIC BOULEVARD JACKSONVILLE
01 IV R6010701 1/01/96 10 105.44 105.44 DA0150-0000 MONTHLY SERVICE
---------
105.44
20293 DATA PLANS INC 6620 SOUTHPOINT DR S. #610 JACKSONVILLE
01 IV R5120764 12/01/95 10 71.36 71.36 DA0400-0000 MONTHLY SERVICE
01 IV R6010751 1/01/96 10 71.36 71.36 DA0400-0000 MONTHLY SERVICE
---------
142.72
2560 DAY SPRING BAPTIST CHURCH 1053 JUFFERSON STREET JACKSONVILLE
01 IV M1295139 12/15/95 40 82.50 82.50
---------
82.50
11290 DAYS INN 2800 PONCE DE LEON BLVD ST. AUGUSTINE
01 IV R5120337 12/01/95 10 46.64 46.64 DA0600-0000 MONTHLY SERVICE
01 IV R6010336 1/01/96 10 46.64 46.64 DA0600-0000 MONTHLY SERVICE
---------
93.28
14065 DAYS INN 1057 BROWARD ROAD JACKSONVILLE
01 IV R6010823 1/01/96 10 74.37 74.37 DA0404-0000 MONTHLY SERVICE
---------
74.37
17150 DAYS INN 409 NEW JESUP HIGHWAY BRUNSWICK
01 IV R6010100 1/01/96 10 33.00 33.00 TA0413-0000 MONTHLY SERVICE
---------
33.00
19500 DAYS INN 1101 NORTH TEMPLE AVENUE PO BOX 1090 STARKE
01 IV R5110372 11/01/95 10 48.15 48.15 DA0120-0000 MONTHLY SERVICE
01 IV R5120380 12/01/95 10 48.15 48.15 DA0120-0000 MONTHLY SERVICE
01 IV R6010378 1/01/96 10 48.15 48.15 DA0120-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 33
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------
144.45
14535 DAYS INN OCEANFRONT RESORT 1031 S. FIRST STREET JACKSONVILLE BEACH
01 IV R6010993 1/01/96 10 45.80 45.80 SH0500-0000 MONTHLY SERVICE
--------
45.80
18668 DEERCREEK COUNTRY CLUB 7816 MCLAURIN ROAD NORTH JACKSONVILLE
01 IV M1295161 12/19/95 40 452.63 452.63
01 IV R6011024 1/01/96 10 122.48 122.48 DE0150-0000 MONTHLY SERVICE
--------
575.11
11310 DEERWOOD CLUB 10239 GOLF CLUB DRIVE JACKSONVILLE
01 IV R6010752 1/01/96 10 314.18 314.18 DE0100-0000 MONTHLY SERVICE
--------
314.18
20387 DENNY SILVA. P.C. 641 OCEAN BOULEVARD ST. SIMON'S ISLAND
01 IV R6010154 1/01/96 10 55.00 55.00 SI0110-0000 MONTHLY SERVICE
--------
55.00
20311 DENNY'S 1250 WEST UNIVERSITY AVENUE GAINESVILLE
01 IV R5121103 12/01/95 10 40.81 40.81 DE0120-0000 MONTHLY SERVICE
01 IV R6011102 1/01/96 10 40.81 40.81 DE0120-0000 MONTHLY SERVICE
--------
81.62
19720 DENNY'S RESTAURANT 7 KINGS WAY PALM COAST
01 IV R6010419 1/01/96 10 45.48 45.48 DE0110-0000 MONTHLY SERVICE
--------
45.48
20488 DEXTER SHOES C/O PBC SOUND TECHNOLOGIES 27 STATE STREET BANGOR
01 IV R5120001 12/01/95 10 74.85 74.85 DE0180-0000 MONTHLY SERVICE
01 IV R6010001 1/01/96 10 74.85 74.85 DE0180-0000 MONTHLY SERVICE
--------
149.70
19192 DIEGO'S 1412 FIRST STREET NORTH JACKSONVILLE BEACH
01 IV R5061017 6/01/95 20 168.27 136.54 TR0116-0000 MONTHLY SERVICE
01 IV R5060995 6/26/95 10 101.18 101.18 TR0110-0000 MONTHLY SERVICE
01 IV R5081015 8/01/95 10 101.18 101.18 TR0110-0000 MONTHLY SERVICE
01 IV R5090994 9/01/95 10 101.18 101.18 TR0110-0000 MONTHLY SERVICE
01 IV R5120994 12/01/95 10 101.18 101.18 TR0110-0000 MONTHLY SERVICE
01 IV R6010994 1/01/96 10 101.18 101.18 TR0110-0000 MONTHLY SERVICE
--------
642.44
20028 DILLARD'S 6901 22ND AVENUE N. ST. PETERSBURG
01 IV R6011253 1/01/96 10 90.53 90.53 DI0110-0000 MONTHLY SERVICE
01 IV R6011254 1/01/96 10 90.95 90.95 IV0100-0002 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 34
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20028 DILLARD'S 6901 22ND AVENUE N. ST. PETERSBURG
01 IV R6011255 1/01/96 10 90.53 90.53 IV0100-0003 MONTHLY SERVICE
01 IV R6011256 1/01/96 10 90.10 90.10 IV0114-0000 MONTHLY SERVICE
-----------
362.11
20676 DOLPHIN RESTAURANT 9507 OCEAN SHORE BOULEVARD MARINELAND
01 IV R6010368 1/01/96 30 128.40 128.40 DO0108-0000 MONTHLY SERVICE
-----------
128.40
17863 DOPSON, DR. GARY 32 SOUTH 5TH ST. MACCLENNY
01 IV R6010247 1/01/96 10 51.79 51.79 DO0400-0000 MONTHLY SERVICE
-----------
51.79
20912 DOUBLE-TREE HOTEL 4700 SALISBURY ROAD JACKSONVILLE
01 IV R5121025 12/01/95 10 53.25 53.25 DO0140-0000 MONTHLY SERVICE
01 IV R6011025 1/01/96 10 53.25 53.25 DO0140-0000 MONTHLY SERVICE
-----------
106.50
17880 DOWNTOWN INVESTMENT GROUP 24 HOPSON ROAD JACKSONVILLE BEACH
01 IV R5120995 12/01/95 10 101.05 101.05 MA0714-0000 MONTHLY SERVICE
01 IV R6010995 1/01/96 10 101.05 101.05 MA0714-0000 MONTHLY SERVICE
-----------
202.10
11345 DRILTECH INC. STATE ROAD #235 POST OFFICE BOX 338 ALACHUA
01 IV R6011176 1/01/96 10 185.50 185.50 DR0050-0000 MONTHLY SERVICE
-----------
185.50
308 DUVAL COUNTY SCHOOL BOARD COMPTROLLER 2ND FLOOR 1701 PRUDENTIAL DRIVE JACKSONVILLE
01 IV M1295192 12/22/95 40 3,120.00 3,120.00
-----------
3,120.00
20198 DUVAL MOTOR COMPANY ATTN: BJ PO BOX 7795 JACKSONVILLE
01 IV R6010927 1/01/96 10 174.99 174.99 DU1100-0000 MONTHLY SERVICE
-----------
174.99
20999 EAGLE HARBOR GOLF CLUBHOUSE 2217 EAGLE HARBOR PARKWAY ORANGE PARK
01 IV R6010276 1/01/96 10 63.13 63.13 EA0140-0000 MONTHLY SERVICE
-----------
63.13
11465 ED FRASER MEMORIAL HOSP. 159 N. 3RD STREET MACCLENNY
01 IV R5120247 12/01/95 10 116.44 116.44 ED0100-0000 MONTHLY SERVICE
01 IV R6010248 1/01/96 10 116.44 116.44 ED0100-0000 MONTHLY SERVICE
-----------
232.88
11485 EDUCATIONAL COMMUNITY ACCOUNTS PAYABLE PO BOX 2600 JACKSONVILLE
01 IV R6011093 1/01/96 10 51.00 51.00 ED0140-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 35
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
11485 EDUCATIONAL COMMUNITY ACCOUNTS PAYABLE PO BOX 2600 JACKSONVILLE
01 IV R6011094 1/01/96 10 60.63 60.63 ED0500-0000 MONTHLY SERVICE
01 IV R6011095 1/01/96 10 122.25 122.25 ED0600-0000 MONTHLY SERVICE
01 IV R6011092 1/01/96 10 51.00 51.00 ED0110-0000 MONTHLY SERVICE
----------
284.88
20832 EDUCATIONAL COMMUNITY 1451 SOUTH THIRD S JACKSONVILLE BEACH
CRT. UN. 01 IV R6010996 1/01/96 10 52.00 52.00 ED0120-0000 MONTHLY SERVICE
----------
52.00
19456 ELIZABETH STREET DINER 1506 MEMORIAL DRIVE WAYCROSS
01 IV R5010047 1/01/95 10 50.00 50.00 AD0113-0000 MONTHLY SERVICE
01 IV R5020044 2/01/95 10 50.00 50.00 AD0113-0000 MONTHLY SERVICE
01 IV R5030044 3/01/95 10 50.00 50.00 AD0113-0000 MONTHLY SERVICE
01 IV R5040045 4/01/95 10 50.00 50.00 AD0113-0000 MONTHLY SERVICE
01 IV R5050042 5/01/95 10 50.00 50.00 AD0113-0000 MONTHLY SERVICE
01 IV R5060049 6/01/95 10 50.00 50.00 AD0113-0000 MONTHLY SERVICE
01 IV R5060048 6/26/95 10 50.00 50.00 AD0113-0000 MONTHLY SERVICE
01 IV R5080056 8/01/95 10 50.00 50.00 AD0113-0000 MONTHLY SERVICE
01 IV R5090056 9/01/95 10 50.00 50.00 AD0113-0000 MONTHLY SERVICE
01 IV R5100057 10/01/95 10 50.00 50.00 AD0113-0000 MONTHLY SERVICE
01 IV R5110052 11/01/95 10 50.00 50.00 AD0113-0000 MONTHLY SERVICE
----------
550.00
13685 EMBASSY SUITES HOTEL ATTN: ACCT PAYABLE 9300 BAYMEADOWS ROAD JACKSONVILLE
01 IV R6010807 1/01/96 10 168.80 168.80 PA1060-0000 MONTHLY SERVICE
----------
168.80
18437 EMBASSY SUITES HOTEL 500 MALL BLVD. BRUNSWICK
01 IV R6010101 1/01/96 10 45.00 45.00 GL0113-0000 MONTHLY SERVICE
----------
45.00
14240 ENDICOTT BUICK-CADILLAC 2303 GLYNN AVENUE PO BOX 1837 BRUNSWICK
INC. 01 IV R6010131 1/01/96 10 53.82 53.82 ENO303-0000 MONTHLY SERVICE
----------
53.82
17704 ENTERPRISE NATIONAL 4190 BELFORT ROAD, SUITE 100 JACKSONVILLE
BANK JAX 01 IV R6010753 1/01/96 10 69.70 69.70 ED0510-0000 MONTHLY SERVICE
----------
69.70
18178 EPPING FOREST YACHT CLUB 1830 EPPING FOREST DRIVE JACKSONVILLE
01 UC UC-175503 12/11/95 239.63- 239.63-
01 IV R6010808 1/01/96 10 239.63 239.63 EP0104-0000 MONTHLY SERVICE
----------
19151 EQUICREDIT CORPORATION 1801 ART MUSEUM DRIVE PO BOX 53077 JACKSONVILLE
01 IV R6010602 1/01/96 10 235.90 235.90 OL0150-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 36
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
235.90
10880 ETHAN ALLEN 10452 PHILLIPS HIGHWAY JACKSONVILLE
01 IV R5091012 9/01/95 10 45.00 37.05 CA0600-0002 MONTHLY SERVICE
01 IV DM1 10/27/95 12 55.66 55.66 SB #20802
01 IV R6011026 1/01/96 10 45.00 45.00 CA0600-0002 MONTHLY SERVICE
---------
137.31
20802 ETHAN ALLEN HOME INTERIORS 10452 PHILLIPS HIGHWAY JACKSONVILLE
01 IV R6011027 1/01/96 10 55.66 55.66 ET0120-0000 MONTHLY SERVICE
---------
55.66
21073 EURO PINES IMPORTS, INC. 11112-5 SAN JOSE BLVD. JACKSONVILLE
01 IV R6011068 1/01/96 10 37.28 37.28 EU0100-0000 MONTHLY SERVICE
---------
37.28
21070 EXECUTIVE IMAGE AUDIO VISUAL P.O. BOX 47456 JACKSONVILLE
01 UC UC-861 9/26/95 128.00- 128.00-
01 UC UC-872 9/26/95 100.00- 100.00-
01 IV M0995177 9/27/95 40 259.59 259.59
---------
31.59
11520 FAMILY PRACTICE ASSOC. 1594 KINGSLEY AVENUE ORANGE PARK
01 IV R6010277 1/01/96 10 69.55 69.55 FA0030-0000 MONTHLY SERVICE
---------
69.55
21089 FAST FOOD MERCHANDISERS 2096 DENNIS STREET JACKSONVILLE
01 IV M1195004 11/01/95 40 106.50 106.50
01 IV R5120516 12/01/95 10 47.93 47.93 FA0160-0000 MONTHLY SERVICE
01 IV R6010513 1/01/96 10 47.93 47.93 FA0160-0000 MONTHLY SERVICE
---------
202.36
19865 FAZOLI'S/SEED RESTAURANT 2594 SW COLLEGE ROAD OCALA
01 IV M1295171 12/21/95 40 212.00 212.00
01 IV R6011313 1/01/96 20 47.70 47.70 FA0106-0000 MONTHLY SERVICE
---------
259.70
11845 FCCJ 501 W. STATE STREET JACKSONVILLE
01 IV R6010471 1/01/96 10 90.75 90.75 FL1300-0000 MONTHLY SERVICE
---------
90.75
20649 FCCJ 501 W. STATE STREET JACKSONVILLE
01 IV R6010470 1/01/96 10 100.75 100.75 GR0050-0000 MONTHLY SERVICE
---------
100.75
20713 FERRELL, DR. THOMAS 1208 ALICE STREET WAYCROSS
01 IV R6010060 1/01/96 10 35.00 35.00 FE0120-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 37
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- -------------- --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
35.00
19866 FIDDLESTIX 1016 SE 3RD AVENUE OCALA
01 IV M1295054 12/05/95 40 196.10 196.10
01 IV R6011302 1/01/96 10 45.05 45.05 FI0107-0000 MONTHLY SERVICE
---------
241.15
18530 FIORE CHIROPRACTIC OFFICE 637 BLANDING BOULEVARD #3 ORANGE PARK
01 IV M1295140 12/15/95 40 642.00 642.00
01 CM CM4 12/19/95 51 600.00- 600.00- LOST EQ
01 CM CM5 12/19/95 57 42.00- 42.00- TAX
---------
19191 FIRST BANK OF BRUNSWICK 2812 CYPRESS MILL ROAD BRUNSWICK
01 IV R6010132 1/01/96 10 49.00 49.00 FI0413-0000 MONTHLY SERVICE
---------
49.00
19110 FIRST COAST BAR & GRILLE 2400 YANKEE CLIPPER DR #206 JACKSONVILLE
01 IV R5120837 12/01/95 10 42.60 42.60 FI0100-0000 MONTHLY SERVICE
01 IV R6010824 1/01/96 10 42.60 42.60 FI0100-0000 MONTHLY SERVICE
---------
85.20
13655 FIRST FEDERAL S&L OF PALATKA 511 ST. JOHNS AVENUE PALATKA
01 IV R6010307 1/01/96 10 65.56 65.56 PA0400-0000 MONTHLY SERVICE
---------
65.56
18001 FIRST FEDERAL SAVINGS BANK PO BOX 1877 BRUNSWICK
01 IV R6010102 1/01/96 10 49.00 49.00 FI0303-0000 MONTHLY SERVICE
01 IV R6010103 1/01/96 10 49.00 49.00 FI0313-0000 MONTHLY SERVICE
01 IV R6010104 1/01/96 10 77.00 77.00 FI0323-0000 MONTHLY SERVICE
01 IV R6010105 1/01.96 10 49.00 49.00 FI0333-0000 MONTHLY SERVICE
01 IV R6010106 1/01/96 10 49.00 49.00 FI0343-0000 MONTHLY SERVICE
---------
273.00
174 FIRST GUARANTY BANK & TRUST 800 MAY STREET PO BOX 2578 JACKSONVILLE
01 IV R6010497 1/01/96 10 78.78 78.78 FI1100-0000 MONTHLY SERVICE
---------
78.78
5010 FIRST GUARANTY BANK & TRUST 1234 KINGS STREET POST OFFICE BOX 2578 JACKSONVILLE
01 IV R6010496 1/01/96 10 64.97 64.97 FI0800-0000 MONTHLY SERVICE
---------
64.97
18670 FIRST NATIONAL BANK PO BOX 1228 ST. MARY'S
01 IV R6010180 1/01/96 10 45.00 45.00 FI0813-0000 MONTHLY SERVICE
---------
45.00
21151 FIRST NATIONAL BANK PO BOX 1228 ST. MARY'S
01 IV R6010179 1/01/96 10 55.00 55.00 FI0210-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 38
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-----------
55.00
11615 FIRST NATIONAL BANK PO BOX 219 ALACHUA
ALACHUA 01 IV R6011177 1/01/96 10 102.60 102.60 FI0315-0000 MONTHLY SERVICE
-----------
102.60
20272 FIRST STREET GRILLE 807 NORTH FIRST STREET JACKSONVILLE BEACH
01 IV R5120997 12/01/95 10 82.54 82.54 FI0110-0000 MONTHLY SERVICE
01 IV R6010997 1/01/96 10 71.89 71.89 FI0110-0000 MONTHLY SERVICE
-----------
154.43
17264 FIRST TRUST SAVINGS BANK 10601-36 SAN JOSE BLVD JACKSONVILLE
01 IV R6011069 1/01/96 10 46.86 46.86 FI1200-0000 MONTHLY SERVICE
-----------
46.86
21077 FIRST UNITED METHODIST 302 NORTH JEFFERSON STREET PERRY
CHURCH 01 IV M1295079 12/06/95 40 251.14 251.14
01 IV M1295165 12/19/95 40 10,000.00 10,000.00
-----------
10,251.14
11670 FLORIDA FARM BUREAU ATTN: LARRY PARHAM 5700 SW 34TH STREET PO BOX 147030
INSURANCE 01 IV R6011174 1/01/96 10 387.29 387.29 FL0105-0000 MONTHLY SERVICE
-----------
387.29
20592 FLORIDA ISLAND FOODS 520 SHARTOM DRIVE AUGUSTA
01 IV R6010047 1/01/96 10 47.70 47.70 TA0254-0000 MONTHLY SERVICE
-----------
47.70
11860 FLORIDA PUBLISHING CO. ONE RIVERSIDE AVENUE JACKSONVILLE
01 IV R6010488 1/01/96 10 224.42 224.42 FL1500-0000 MONTHLY SERVICE
-----------
224.42
11865 FLORIDA SCHOOL BOOK FIRST & ELLIS STREET PO BOX 6578 JACKSONVILLE
DEPOSITORY 01 IV R6010921 1/01/96 10 55.75 55.75 FL1600-0000 MONTHLY SERVICE
-----------
55.75
21059 FLORIDA SUPPLIES 5730 BOWDEN #107 JACKSONVILLE
& SOLUTIONS 01 IV R5120605 12/01/95 10 58.58 58.58 FL1200-0000 MONTHLY SERVICE
01 IV R6010603 1/01/96 10 58.58 58.58 FL1200-0000 MONTHLY SERVICE
-----------
117.16
20273 FLORIDA SURGICAL CENTER ATTN: ACCOUNTS PAYABLE 2001 SW 13TH STREET GAINESVILLE
01 IV R5121153 12/01/95 10 80.00 80.00 FL0114-0000 MONTHLY SERVICE
01 IV R6011152 1/01/96 10 80.00 80.00 FL0114-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 39
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
11875 FLORIDA TELCO CREDIT UNION 101 BELL TEL WAY JACKSONVILLE
01 IV R6010754 1/01/96 10 60.00 60.00 FL1904-0000 MONTHLY SERVICE
--------
60.00
20458 FLORIDA TELCO CREDIT UNION 7870 BAYMEADOWS WAY JACKSONVILLE
01 IV R6011028 1/01/96 10 60.00 60.00 FL0150-0000 MONTHLY SERVICE
--------
60.00
20365 FLORIDA WINSTORM 7077 BONNEVAL ROAD #500 JACKSONVILLE
UNDERWRITING 01 IV R6010755 1/01/96 10 304.59 304.59 FL1700-0000 MONTHLY SERVICE
--------
304.59
11880 FLORIDA YACHT CLUB 5210 YACHT CLUB DRIVE JACKSONVILLE
01 IV M1095140 10/23/95 40 129.31 129.31
01 IV R6010668 1/01/96 10 68.91 68.91 FL2000-0000 MONTHLY SERVICE
--------
198.22
11885 FONTANELLI, DR. ENIO MEDICAL CENTER PLAZA #941 580 W. 8TH STREET JACKSONVILLE
01 IV R6010642 1/01/96 10 36.52 36.52 FO0100-0000 MONTHLY SERVICE
--------
36.52
19375 FOOD LION ATTN: EXPENSES PAYABLE PO BOX 2487 SALISBURY
01 IV M1295037 12/05/95 40 55.00 55.00
01 IV M1295038 12/05/95 40 357.22 357.22
01 IV M1295218 12/28/95 40 55.00 55.00
--------
467.22
17760 FOOD LION, INC. C/O MUZAK OF THE CAROLINAS 4059 YANCEY ROAD CHARLOTTE
01 IV DMI 9/22/95 12 35.00 35.00 NEW 9/95
01 IV R5110007 11/01/95 10 74.20 74.20 FO0107-0000 MONTHLY SERVICE
01 IV R5110008 11/01/95 10 1,368.06 1,368.06 FO0700-0000 MONTHLY SERVICE
01 IV R5120011 12/01/95 10 1,368.06 1,368.06 FO0700-0000 MONTHLY SERVICE
01 IV R5120010 12/01/95 10 74.20 74.20 FO0107-0000 MONTHLY SERVICE
01 IV R6010013 1/01/96 10 74.20 74.20 FO0107-0000 MONTHLY SERVICE
01 IV R6010014 1/01/96 10 1,368.06 1,368.06 FO0700-0000 MONTHLY SERVICE
--------
4,361.78
17243 FOOD RANCH PO BOX 820 WILLISTON
01 UC UC-4082 12/11/95 58.85- 58.85-
01 IV R6011210 1/01/96 10 58.85 58.85 FO0160-0000 MONTHLY SERVICE
--------
19685 FOOD RANCH STORES US 27 & SR 318 PO BOX 759 WILLISTON
01 IV R6011211 1/01/96 10 68.48 68.48 FO0110-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 40
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------
68.48
17039 FOODLAND INC. POST OFFICE BOX 2095 LAKE CITY
01 IV R6010239 1/01/96 10 82.15 82.15 FO0404-0000 MONTHLY SERVICE
--------
82.15
17576 FOODLAND OF LAKE CITY 7293 ACCOUNTS PAYABLE - DUVAL PO BOX 2095 LAKE CITY
01 IV R6010240 1/01/96 10 90.10 90.10 FO0200-0000 MONTHLY SERVICE
--------
90.10
20306 FRANK GRIFFIN CHRYSLER/PLYMOUT PO BOX 550788 JACKSONVILLE
01 IV R6011012 1/01/96 10 56.18 56.18 FR0114-0000 MONTHLY SERVICE
--------
56.18
11920 FRANK GRIFFIN VOLKSWAGEN - A/P 5735 PHILLIPS HIGHWAY JACKSONVILLE
01 IV R6010756 1/01/96 10 69.23 69.23 FR0100-0000 MONTHLY SERVICE
--------
69.23
17683 FRANKLIN MORTGAGE CAPITOL 6700 SOUTHPOINT PARKWAY #500 JACKSONVILLE
CORP 01 IV R5090753 9/01/95 10 536.76 536.76 CE0800-0000 MONTHLY SERVICE
--------
536.76
18823 FRANSON, ALDRIDGE & SANDS 1551 ATLANTIC BLVD. PO BOX 10840 JACKSONVILLE
01 IV R6010978 1/01/96 10 105.17 105.17 FR0120-0000 MONTHLY SERVICE
--------
105.17
18038 FREDERICA HOUSE RESTAURANT 16311 FREDERICA ROAD ST. SIMON'S ISLAND
01 IV R6010140 1/01/96 10 65.00 65.00 FR0103-0000 MONTHLY SERVICE
--------
65.00
20493 FUNCHESS, CHARLES
01 IV M1195001 11/01/95 40 101.18 101.18
--------
101.18
11940 FURNITURE COUNTRY USA 4148 N.W. 13TH STREET GAINESVILLE
01 IV R5111092 11/01/95 10 63.60 63.60 FU0104-0000 MONTHLY SERVICE
01 IV R5121104 12/01/95 10 63.60 63.60 FU0104-0000 MONTHLY SERVICE
01 IV R6011103 1/01/96 10 63.60 63.60 FU0104-0000 MONTHLY SERVICE
--------
190.80
11965 G & H FOOD STORES 1207 W. DUVAL STREET LAKE CITY
01 IV R5030200 3/01/95 10 77.38 55.92 GA0110-0000 MONTHLY SERVICE
01 IV R5040200 4/01/95 10 77.38 77.38 GA0110-0000 MONTHLY SERVICE
01 IV R5050200 5/01/95 10 77.38 77.38 GA0110-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 41
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
11965 G & H FOOD STORES 1207 W. DUVAL STREET LAKE CITY
01 IV R5060203 6/26/95 10 77.38 77.38 GA0110-0000 MONTHLY SERVICE
01 IV R5080214 8/01/95 10 77.38 77.38 GA0110-0000 MONTHLY SERVICE
01 IV R5090213 9/01/95 10 77.38 77.38 GA0110-0000 MONTHLY SERVICE
01 IV R5100218 10/01/95 10 77.38 77.38 GA0110-0000 MONTHLY SERVICE
01 IV R5120221 12/01/95 10 77.38 77.38 GA0110-0000 MONTHLY SERVICE
01 IV R6010223 1/01/96 10 77.38 77.38 GA0110-0000 MONTHLY SERVICE
-----------
674.96
20496 G.E. CAPITAL CORP. ATTN: BARB BUNDY 7595 CENTURIAN PARKWAY NORTH JACKSONVILLE
01 IV R6011011 1/01/96 10 63.90 63.90 GE0150-0000 MONTHLY SERVICE
-----------
63.90
19244 G.M.A.C. ATTN: BETH MORENO 8375 DIX ELLIS TRAIL JACKSONVILLE
01 IV R6011029 1/01/96 10 128.33 128.33 GM0100-0000 MONTHLY SERVICE
-----------
128.33
20251 GAINESVILLE ALE HOUSE 3950 SW ARCHER ROAD GAINESVILLE
01 IV R6011153 1/01/96 10 79.50 79.50 GA0120-0000 MONTHLY SERVICE
-----------
79.50
20899 GAINESVILLE GOLF & CTRY. 7300 SW 35TH WAY GAINESVILLE
CLUB 01 IV M1295172 12/21/95 40 1,378.14 1,378.00
01 IV DM1 12/26/95 12 500.00 500.00 S/B NEW 10/95
01 IV DM2 12/26/95 13 30.00 30.00 TAX
-----------
1,908.00
12000 GAINESVILLE INT'L AIRPORT 3400 N.E. 39TH AVENUE #A GAINESVILLE
01 IV R6011162 1/01/96 10 55.00 55.00 GA0605-0000 MONTHLY SERVICE
-----------
55.00
20515 GAINESVILLE REGIONAL PO BOX 147117, STATION A-105 GAINESVILLE
UTILITIES 01 IV R6011175 1/01/96 30 44.00 44.00 GA0108-0000 MONTHLY SERVICE
-----------
44.00
13055 GAINESVILLE SEAFOODS #7012 121 LAFAYETTE AVENUE LEXINGTON
01 IV R6011370 1/01/96 10 41.14 41.14 LO0105-0000 MONTHLY SERVICE
-----------
41.14
12015 GAINESVILLE SHOPPING CTR C/O REALTY MANAGEMENT CO. 1733 W. FLETCHER AVENUE TAMPA
01 IV R6011252 1/01/96 10 92.75 92.75 GA0204-0000 MONTHLY SERVICE
-----------
92.75
12020 GAINESVILLE STATE BANK 2814 SW 34TH STREET GAINESVILLE
01 IV R6011154 1/01/96 10 116.60 116.60 GA0905-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 42
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20135 GAINESVILLE STATE BANK ATTN: DIANNE HOPE/ACCOUNTING PO BOX 147002 116.60 GAINESVILLE
01 IV R6011172 1/01/96 10 48.15 48.15 KE0100-0000 MONTHLY SERVICE
--------
48.15
18372 GASKINS INC. PO BOX 49035 JACKSONVILLE BEACH
01 UC UC-7802 11/10/95 62.85- 62.85-
01 UC UC-7837 12/05/95 46.69- 46.69-
01 IV R6010998 1/01/96 10 46.69 46.69 BU0844-0000 MONTHLY SERVICE
--------
62.85-
11985 GATE PETROLEUM CO. OFFICE 9540 SAN JOSE BLVD #13 POST OFFICE BOX 23627 JACKSONVILLE
01 IV R6010940 1/01/96 10 161.55 161.55 GA0400-0000 MONTHLY SERVICE
--------
161.55
6725 GAYFER'S 9501 ARLINGTON EXPRESSWAY JACKSONVILLE
01 IV R6010703 1/01/96 10 69.23 69.23 MA1300-0002 MONTHLY SERVICE
--------
69.23
20513 GAYFER'S/VIDEO 9501 ARLINGTON EXPRESSWAY JACKSONVILLE
01 IV R6010704 1/01/96 30 136.32 136.32 MA1308-0000 MONTHLY SERVICE
--------
136.32
6745 GAYFERS 1910 WELLS ROAD ORANGE PARK
01 IV R5100272 10/01/95 10 85.60 85.60 MA1300-0006 MONTHLY SERVICE
01 UC UC-402910 12/26/95 86.88- 86.88-
01 IV R6010278 1/01/96 10 85.60 85.60 MA1300-0006 MONTHLY SERVICE
--------
84.32
19702 GAYFERS #133 10310 SOUTHSIDE BOULEVARD JACKSONVILLE
01 IV R5121030 12/01/95 10 90.53 90.53 MA1400-0000 MONTHLY SERVICE
01 IV R5121031 12/01/95 30 136.32 136.32 GA0208-0000 MONTHLY SERVICE
01 IV R6011030 1/01/96 10 90.53 90.53 MA1400-0000 MONTHLY SERVICE
01 IV R6011031 1/01/96 30 136.32 136.32 GA0208-0000 MONTHLY SERVICE
--------
453.70
20180 GENE'S SEAFOOD RESTAURANT 1249 PENMAN ROAD JACKSONVILLE BEACH
01 IV M1295138 12/15/95 40 64.17 64.17
01 IV R6010999 1/01/96 10 58.58 58.58 GE0120-0000 MONTHLY SERVICE
--------
122.75
20771 GENE'S SEAFOOD RESTAURANT 6132 MERRILL ROAD JACKSONVILLE
01 IV R6010705 1/01/96 10 39.41 39.41 GE0160-0000 MONTHLY SERVICE
--------
39.41
12040 GENGHIS KHAN RESTAURANT 10601 SAN JOSE BLVD. JACKSONVILLE
01 IV R6010809 1/01/96 10 43.81 43.81 GE0200-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 43
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
43.81
12045 GENUINE PARTS 1090 HAINES STREET JACKSONVILLE
COMPANY 01 IV R6010536 1/01/96 10 97.60 97.60 GE0114-0000 MONTHLY SERVICE
----------
97.60
19664 GEORGE G. SMITH, 1646 EMERSON STREET PO BOX 5268 JACKSONVILLE
INC. 01 IV R6010979 1/01/96 10 62.84 62.84 GE0140-0000 MONTHLY SERVICE
----------
62.84
17080 GEORGE MOORE CHEVROLET 711 BEACH BLVD. JACKSONVILLE
01 IV R6011000 1/01/96 10 73.54 73.54 GE0104-0000 MONTHLY SERVICE
----------
73.54
12050 GEORGIA-PACIFIC CORP. ACCOUNTS PAYABLE HIGHWAY #216 PO BOX 919
01 IV R6010308 1/01/96 10 174.65 174.65 GE0500-0000 MONTHLY SERVICE
----------
174.65
19503 GEORGIA-PACIFIC CORP. 9TH STREET WEST ATTN: ACCOUNTS PAYABLE PO BOX 1438
01 IV R6010133 1/01/96 10 59.00 59.00 GE0600-0000 MONTHLY SERVICE
----------
59.00
12065 GILMAN PAPER COMPANY 1000 OSBORNE ROAD PO BOX 878 ST. MARY'S
01 IV R6010181 1/01/96 10 240.00 240.00 GI0100-0000 MONTHLY SERVICE
----------
240.00
18550 GIO'S CAFE 1161 BEACH BLVD JACKSONVILLE BEACH
01 UC UC-1833 6/02/94 86.37- 86.37-
01 IV R5110996 11/01/95 10 89.04 89.04 GI0110-0000 MONTHLY SERVICE
01 IV R5121001 12/01/95 10 89.04 89.04 GI0110-0000 MONTHLY SERVICE
01 IV R6011001 1/01/96 10 89.04 89.04 GI0110-0000 MONTHLY SERVICE
----------
180.75
12080 GLEASONS CORNER MALL ROUTE 17 BOX 2161 LAKE CITY
01 IV R6010224 1/01/96 10 101.97 101.97 GL0050-0000 MONTHLY SERVICE
----------
101.97
18411 GLYNN PLACE CAROUSEL 100 MALL BOULEVARD BRUNSWICK
INC. 01 IV R6010107 1/01/96 20 40.00 40.00 ES0106-0000 MONTHLY SERVICE
----------
40.00
18024 GLYNN PLACE MALL C/O ASTOLAT REAL ESTATE CORP 100 MALL BLVD BRUNSWICK
01 IV R6010108 1/01/96 10 57.50 57.50 GL0143-0000 MONTHLY SERVICE
----------
57.50
19677 GOLD'S GYM 8101 PHILLIPS HIGHWAY #10 JACKSONVILLE
01 IV M1295217 12/27/95 40 117.15 117.15
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 44
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19677 GOLD'S GYM 8101 PHILLIPS HIGHWAY #10 JACKSONVILLE
01 IV R6010757 1/01/96 10 101.18 101.18 GO0120-0000 MONTHLY SERVICE
--------
218.33
20569 GOLD'S GYM 9119 MERRILL ROAD JACKSONVILLE
01 IV R6010706 1/01/96 10 101.18 101.18 GO0130-0000 MONTHLY SERVICE
--------
101.18
20754 GOLD'S GYM 2141 LOCH RANE BOULEVARD ORANGE PARK
01 IV R6010279 1/01/96 10 100.70 100.70 GO0150-0000 MONTHLY SERVICE
--------
100.70
12115 GOLDEN CORRAL PO BOX 29502 RALEIGH
01 IV R5100008 10/01/95 10 51.30 51.30 GO0080-0000 MONTHLY SERVICE
01 IV R5120006 12/01/95 10 50.22 50.22 GO0073-0000 MONTHLY SERVICE
01 IV R5120007 12/01/95 10 51.30 51.30 GO0080-0000 MONTHLY SERVICE
01 IV R5120008 12/01/95 10 44.52 44.52 GO0107-0000 MONTHLY SERVICE
01 IV R5120009 12/01/95 10 89.99 89.99 GO0160-0000 MONTHLY SERVICE
01 IV R6010010 1/01/96 10 50.22 50.22 GO0073-0000 MONTHLY SERVICE
01 IV R6010011 1/01/96 10 51.30 51.30 GO0080-0000 MONTHLY SERVICE
01 IV R6010012 1/01/96 10 44.52 44.52 GO0107-0000 MONTHLY SERVICE
--------
433.37
20987 GOLDEN CORRAL #600 11470 SAN JOSE BLVD. JACKSONVILLE
01 IV M1295005 12/01/95 40 55.00 55.00
--------
55.00
14220 GOLDEN ISLES DENTAL ASSOC. 3010 HAMPTON AVE SUITE 2 BRUNSWICK
01 IV R6010109 1/01/96 10 46.59 46.59 RO0103-0000 MONTHLY SERVICE
--------
46.59
12120 GOMEZ, DR. RAFAEL E. 5934 HICKSON STREET JACKSONVILLE
01 IV R6010601 1/01/96 10 38.31 38.31 GO0100-0000 MONTHLY SERVICE
--------
38.31
19277 GOTTLIEB FINANCIAL SERVICES 6400 ATLANTIC BLVD PO BOX 47710 JACKSONVILLE
01 IV R5120980 12/01/95 10 143.71 143.71 GO0110-0000 MONTHLY SERVICE
01 IV R6010980 1/01/96 10 143.71 143.71 GO0110-0000 MONTHLY SERVICE
--------
287.42
19220 GRUMMAN ST. AUGUSTINE 5000 US 1 NORTH #40 ST. AUGUSTINE
01 IV M0895016 8/01/95 40 2,000.00 1,156.75
01 IV M1295131 12/12/95 40 169.63 169.63
01 IV M1295146 12/19/95 40 82.50 82.50
--------
1,408.88
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 45
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20115 GT LEASING PO BOX 10196 JACKSONVILLE
01 IV R6010981 1/01/96 10 53.09 53.09 GO0300-0000 MONTHLY SERVICE
-----------
53.09
20461 GULF LIFE TOWER C/O GATE RIVERPLACE COMPANY 1301 GULF LIFE DRIVE #1301 JACKSONVILLE
01 IV R6010982 1/01/96 10 210.70 210.70 GU0200-0000 MONTHLY SERVICE
-----------
210.70
18961 HALL-SAN PO BOX 366 ORANGE PARK
01 IV R6010258 1/01/96 10 41.00 41.00 GR0114-0000 MONTHLY SERVICE
01 IV R6010259 1/01/96 10 32.81 32.81 ON0300-0000 MONTHLY SERVICE
01 IV R6010260 1/01/96 10 42.05 42.05 WH0400-0000 MONTHLY SERVICE
-----------
115.86
19732 HAMMOCK DUNES CLUB 30 AVENUE ROYALE PALM COAST
01 IV R6010420 1/01/96 20 131.61 131.61 HA0106-0000 MONTHLY SERVICE
-----------
131.61
20698 HAMMOCK DUNES SALES 2 CAMINO DEL MAR PALM COAST
CENTER 01 IV R6010421 1/01/96 10 69.55 69.55 HA0110-0000 MONTHLY SERVICE
-----------
69.55
18746 HAMPTON CLUB 100 TABBY STONE ST. SIMONS ISLAND
01 IV R6010141 1/01/96 10 63.00 63.00 HA0133-0000 MONTHLY SERVICE
-----------
63.00
17227 HAMPTON INN 1170 AIRPORT ROAD JACKSONVILLE
01 IV R5110831 11/01/95 10 48.99 48.99 HA0120-0000 MONTHLY SERVICE
01 IV R5120838 12/01/95 10 48.99 48.99 HA0120-0000 MONTHLY SERVICE
01 IV R6010825 1/01/96 10 48.99 48.99 HA0120-0000 MONTHLY SERVICE
-----------
146.97
18226 HAMPTON INN 4690 SALISBURY ROAD JACKSONVILLE
01 IV R6010758 1/01/96 10 55.17 55.17 HA0134-0000 MONTHLY SERVICE
-----------
55.17
19547 HAMPTON INN 112 TOURIST DRIVE BRUNSWICK
01 IV R6010134 1/01/96 10 55.00 55.00 HA0113-0000 MONTHLY SERVICE
-----------
55.00
17779 HANLEY'S RESTAURANT 1520 PARK AVENUE ORANGE PARK
01 IV DM3 7/21/95 12 5.00 5.00 NSF FEE
01 IV DM2 7/21/95 11 232.46 104.26 CK #5027 NSF
01 IV R5080271 8/01/95 20 116.23 116.23 HA0206-0000 MONTHLY SERVICE
01 IV R5090270 9/01/95 20 116.23 116.23 HA0206-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 2
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
17779 HANLEY'S RESTAURANT 1520 PARK AVENUE ORANGE PARK
01 IV R5100274 10/01/95 20 116.23 116.23 HA0206-0000 MONTHLY SERVICE
01 IV R5110273 11/01/95 20 116.23 116.23 HA0206-0000 MONTHLY SERVICE
01 IV R5120280 12/01/95 20 116.23 116.23 HA0206-0000 MONTHLY SERVICE
01 IV R6010280 0/01/96 20 116.23 116.23 HA0206-0000 MONTHLY SERVICE
--------
806.64
12235 HARDEE'S PO BOX 367 BLACKSHEAR
01 IV R5120085 12/01/95 10 35.00 35.00 HA0533-0000 MONTHLY SERVICE
01 IV R6010087 1/01/96 10 35.00 35.00 HA0533-0000 MONTHLY SERVICE
--------
70.00
18336 HARDEE'S PO BOX 210 BAXLEY
01 IV R6010075 1/01/96 10 45.00 45.00 HA0223-0000 MONTHLY SERVICE
01 IV R6010077 1/01/96 10 45.00 45.00 HA0253-0000 MONTHLY SERVICE
--------
90.00
21064 HARDEE'S 504 S. TALLAHASSEE STREET HAZELHURST
01 IV M1295154 12/19/95 40 243.61 243.61
--------
243.61
19060 HARDEE'S -- BAXLEY 502 SOUTH MAIN STREET BAXLEY
01 IV R5080077 8/01/95 10 45.00 45.00 HA0233-0000 MONTHLY SERVICE
01 IV R5090077 9/01/95 10 45.00 45.00 HA0233-0000 MONTHLY SERVICE
01 IV R5100078 10/01/95 10 45.00 45.00 HA0233-0000 MONTHLY SERVICE
01 IV R5110072 11/01/95 10 45.00 45.00 HA0233-0000 MONTHLY SERVICE
01 IV R5120077 12/01/95 10 45.00 45.00 HA0233-0000 MONTHLY SERVICE
01 IV R6010079 1/01/96 10 45.00 45.00 HA0233-0000 MONTHLY SERVICE
--------
270.00
17703 HARDEE'S -- BLACKSHEAR HIGHWAY 62 WEST BLACKSHEAR
01 IV R6010086 1/01/96 10 35.00 35.00 HA0213-0000 MONTHLY SERVICE
--------
35.00
18933 HARDEE'S #2-0635 491 BLANDING BOULEVARD ORANGE PARK
01 IV M1295114 12/12/95 40 55.00 55.00
--------
55.00
20232 HARDEE'S OF ALMA PO BOX 210 BAXLEY
01 IV R6010080 1/01/96 10 45.00 45.00 HA0263-0000 MONTHLY SERVICE
--------
45.00
19093 HARDEE'S -- BRUNS WW FOODS INC. PO BOX 210 BAXLEY
01 IV M0995155 9/22/95 40 169.60 169.60
01 IV R6010078 1/01/96 10 45.00 45.00 HA1300-0000 MONTHLY SERVICE
01 IV R6010076 1/01/96 10 40.00 40.00 HA0243-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 47
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
254.60
20473 HARRY'S OF GAINESVILLE 19 SE FIRST STREET GAINESVILLE
01 IV R6011104 1/01/96 10 106.00 106.00 HA0140-0000 MONTHLY SERVICE
----------
106.00
20966 HARRY'S OF OCALA 44 SE FIRST STREET OCALA
01 IV M0895122 8/23/95 40 757.90 757.90
01 IV R5121317 12/01/96 10 106.00 106.00 HA0170-0000 MONTHLY SERVICE
01 IV R6011314 1/01/96 10 106.00 106.00 HA0170-0000 MONTHLY SERVICE
----------
969.90
20839 HASKELL/JAGUAR STADIUM ONE STADIUM PLACE JACKSONVILLE
01 IV S895001 8/10/95 40 27,200.00 27,200.00
01 IV S995001 9/05/95 40 7,200.00 7,200.00
01 IV M0995198 9/26/95 40 5,713.22 5,713.22
01 IV M0995199 9/26/95 40 1,194.00 1,194.00
01 IV M0995194 9/26/95 40 8,000.00 8,000.00
01 IV M0995201 9/26/95 40 6,085.00 6,085.00
01 IV M0995200 9/26/95 40 2,395.56 2,395.56
01 IV M1095001 9/29/95 40 163.58 163.58
01 IV S1095001 10/25/95 40 35,793.00 35,793.00
01 IV S1295001 12/22/95 40 61,264.00 61,264.00
----------
155,008.36
12250 HATCHER POINT MALL 2215 MEMORIAL DRIVE WAYCROSS
01 IV R6010061 1/01/96 10 60.50 60.50 HA0703-0000 MONTHLY SERVICE
----------
60.50
12255 HAVERTY FURNITURE PO BOX 17749 JACKSONVILLE
01 IV R5120772 12/01/95 10 74.55 74.55 HA0400-0000 MONTHLY SERVICE
01 IV R5120775 12/01/95 10 74.90 74.90 HA1000-0000 MONTHLY SERVICE
01 IV R5120774 12/01/95 10 74.55 74.55 HA0920-0000 MONTHLY SERVICE
01 IV R5120773 12/01/95 10 74.55 74.55 HA0910-0000 MONTHLY SERVICE
01 IV R6010759 1/01/96 10 74.55 74.55 HA0400-0000 MONTHLY SERVICE
01 IV R6010760 1/01/96 10 74.55 74.55 HA0910-0000 MONTHLY SERVICE
01 IV R6010761 1/01/96 10 74.55 74.55 HA0920-0000 MONTHLY SERVICE
01 IV R6010762 1/01/96 10 74.90 74.90 HA1000-0000 MONTHLY SERVICE
----------
597.10
20314 HAVERTY'S AT THE AVENUES 10464 PHILLIPS HIGHWAY JACKSONVILLE
01 IV M1295168 12/21/95 40 505.88 505.88
----------
505.88
12205 HAWES CHRYSLER PLYMOUTH 3535 N. MAIN STREET GAINESVILLE
01 IV R5121106 12/01/95 10 65.25 65.25 HA0305-0000 MONTHLY SERVICE
01 IV R6011105 1/01/96 10 65.25 65.25 HA0305-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 48
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20622 HERITAGE LINKS 3500 TURKEY CREEK BLVD. ALACHUA
COUNTRY CLUB 01 UC UC-7764 12/12/94 131.00- 131.00-
01 UC UC-7820 1/04/95 69.50- 69.50-
01 IV R5021164 2/01/95 10 132.50 132.50 HE0120-0000 MONTHLY SERVICE
01 IV R5031168 3/01/95 10 132.50 132.50 HE0120-0000 MONTHLY SERVICE
01 IV R5041177 4/01/95 10 132.50 132.50 HE0120-0000 MONTHLY SERVICE
01 IV R5051180 5/01/95 10 132.50 132.50 HE0120-0000 MONTHLY SERVICE
01 IV R5061192 6/01/95 10 132.50 132.50 HE0120-0000 MONTHLY SERVICE
01 IV R5061169 6/26/95 10 132.50 132.50 HE0120-0000 MONTHLY SERVICE
01 IV R5081190 8/01/95 10 132.50 132.50 HE0120-0000 MONTHLY SERVICE
01 IV R5091168 9/01/95 10 132.50 132.50 HE0120-0000 MONTHLY SERVICE
01 IV R5101165 10/01/95 10 132.50 132.50 HE0120-0000 MONTHLY SERVICE
01 IV R5111164 11/01/95 10 132.50 132.50 HE0120-0000 MONTHLY SERVICE
01 IV R5121178 12/01/95 10 132.50 132.50 HE0120-0000 MONTHLY SERVICE
01 IV R6011178 2/01/96 10 132.50 132.50 HE0120-0000 MONTHLY SERVICE
----------
1,389.50
20034 HERITAGE WALK 162 ST. GEORGE STREET ST. AUGUSTINE
01 IV R5120338 12/01/95 10 445.20 445.20 HE0110-0000 MONTHLY SERVICE
----------
445.20
309 HIDDEN HILLS 3901 MONUMENT ROAD POST OFFICE BOX 8129 JACKSONVILLE
01 IV R5110927 11/01/95 10 328.58 328.58 HI0100-0000 MONTHLY SERVICE
01 IV R5120933 12/01/95 10 328.58 328.58 HI0100-0000 MONTHLY SERVICE
01 IV R6010933 1/01/96 10 328.58 328.58 HI0100-0000 MONTHLY SERVICE
----------
985.74
19592 HILL & HILL 100-A MARINA DRIVE ST. SIMONS ISLAND
SOUTH, INC. 01 IV R5120138 12/01/95 10 35.00 35.00 WE0113-0000 MONTHLY SERVICE
01 IV R5120139 12/01/95 10 45.00 45.00 WE0223-0000 MONTHLY SERVICE
01 IV R6010142 1/01/96 10 35.00 35.00 WE0113-0000 MONTHLY SERVICE
01 IV R6010143 1/01/96 10 45.00 45.00 WE0223-0000 MONTHLY SERVICE
----------
160.00
12320 HITCHCOCK'S FOODWAY PO BOX 129 ALACHUA
01 IV R6011179 1/01/96 10 100.70 100.70 HI0310-0000 MONTHLY SERVICE
01 IV R6011180 1/01/96 10 101.65 101.65 HI0320-0000 MONTHLY SERVICE
01 IV R6011181 1/01/96 10 100.70 100.70 HI0330-0000 MONTHLY SERVICE
01 IV R6011182 1/01/96 10 101.65 101.65 HI0340-0000 MONTHLY SERVICE
01 IV R6011183 1/01/96 10 100.70 100.70 HI0350-0000 MONTHLY SERVICE
01 IV R6011184 1/01/96 10 101.65 101.65 HI0360-0000 MONTHLY SERVICE
----------
607.05
19873 HOLIDAY HOUSE 4011 SILVER SPRINGS BLVD E OCALA
01 IV R5121289 12/01/95 10 63.60 63.60 HO0107-0000 MONTHLY SERVICE
01 IV R6011288 1/01/96 10 63.60 63.60 HO0107-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 49
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
127.20
657 HOLIDAY INN 100 PARK AVENUE ORANGE PARK
01 IV R6010281 1/01/96 10 184.58 184.58 HO0650-0000 MONTHLY SERVICE
----------
184.58
5790 HOLIDAY INN U.S. 90 AT I-75 PO BOX 1239 LAKE CITY
01 IV R6010241 1/01/96 10 107.06 107.06 HO0700-0000 MONTHLY SERVICE
----------
107.06
12395 HOLIDAY INN 201 N. FIRST STREET PALATKA
01 IV R5120309 12/01/95 10 52.47 52.47 HO0600-0000 MONTHLY SERVICE
01 IV R6010309 1/01/96 10 52.47 52.47 HO0600-0000 MONTHLY SERVICE
---------
104.94
12400 HOLIDAY INN MMI HOTEL GROUP PO BOX 16807 JACKSON
01 UC UC-26359 6/06/94 3.60- 3.60- HO0800-0000 MONTHLY SERVICE
01 IV R6011358 1/01/96 10 75.91 75.91
---------
72.31
12415 HOLIDAY INN 1300 PONCE DE LEON AVE ST. AUGUSTINE
01 IV R6010337 1/01/96 10 77.57 77.57 HO1200-0000 MONTHLY SERVICE
----------
77.57
15565 HOLIDAY INN SR #40 & I-95 POST OFFICE BOX 1869 KINGSLAND
01 IV R5110166 11/01/95 10 271.70 271.70 HO0313-0000 MONTHLY SERVICE
01 IV R5120170 12/01/95 10 271.70 271.70 HO0313-0000 MONTHLY SERVICE
01 IV R6010172 1/01/96 10 271.70 271.70 HO0313-0000 MONTHLY SERVICE
---------
815.10
17241 HOLIDAY INN 5865 ARLINGTON EXPRESSWAY JACKSONVILLE
01 IV R5110700 11/01/95 10 110.87 110.87 QU0104-0000 MONTHLY SERVICE
01 IV R5120710 12/01/95 10 110.87 110.87 QU0104-0000 MONTHLY SERVICE
01 IV R6010707 1/01/96 10 110.87 110.87 QU0104-0000 MONTHLY SERVICE
---------
332.61
17544 HOLIDAY INN 3302 GLYNN AVENUE BRUNSWICK
01 IV R6010111 1/01/96 10 41.25 41.25 HO0213-0000 MONTHLY SERVICE
----------
41.25
18657 HOLIDAY INN I-95 US HIGHWAY 341 BRUNSWICK
01 IV R5110106 11/01/95 10 50.00 50.00 HO0223-0000 MONTHLY SERVICE
01 IV R5120111 12/01/95 10 50.00 50.00 HO0223-0000 MONTHLY SERVICE
01 IV R6010112 1/01/96 10 50.00 50.00 HO0223-0000 MONTHLY SERVICE
---------
150.00
19983 HOLIDAY INN 200 S. BEACHVIEW DRIVE JEKYLL ISLAND
01 IV R5060099 6/26/95 10 50.00 50.00 HO0113-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 50
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19983 HOLIDAY INN 200 S. BEACHVIEW DRIVE JEKYLL ISLAND
01 IV R5110104 11/01/95 10 50.00 50.00 HO0113-0000 MONTHLY SERVICE
01 IV R5120109 12/01/95 10 50.00 50.00 HO0113-0000 MONTHLY SERVICE
01 IV R6010110 1/01/96 10 50.00 50.00 HO0113-0000 MONTHLY SERVICE
-----------
200.00
20036 HOLIDAY INN PO BOX 156 SILVER SPRINGS
01 IV R6011344 1/01/96 10 121.90 121.90 HO0207-0000 MONTHLY SERVICE
-----------
121.90
12370 HOLIDAY INN--WEST 7417 N.W. 8TH AVENUE GAINESVILLE
01 IV R5121130 12/01/95 10 199.97 199.97 HO0205-0000 MONTHLY SERVICE
01 IV R6011129 1/01/96 10 199.97 199.97 HO0205-0000 MONTHLY SERVICE
-----------
399.94
12425 HOLIDAY INN #58 9150 BAYMEADOWS ROAD JACKSONVILLE
01 IV R5120776 12/01/95 10 63.90 63.90 HO1400-0000 MONTHLY SERVICE
01 IV R6010763 1/01/96 10 63.90 63.90 HO1400-0000 MONTHLY SERVICE
-----------
127.80
14100 HOLIDAY INN ON THE BEACH 860 AIA SO. BEACH BLVD ST. AUGUSTINE
01 IV R5020337 2/01/95 10 162.49 68.24 RA0650-0000 MONTHLY SERVICE
01 IV R5030313 3/01/95 10 162.49 162.49 RA0650-0000 MONTHLY SERVICE
01 IV R5090329 9/01/95 10 162.49 162.49 RA0650-0000 MONTHLY SERVICE
01 IV R5100334 10/01/95 10 162.49 162.49 RA0650-0000 MONTHLY SERVICE
01 IV R5110332 11/01/95 10 162.49 162.49 RA0650-0000 MONTHLY SERVICE
01 IV R5120340 12/01/95 10 162.49 162.49 RA0650-0000 MONTHLY SERVICE
01 IV R6010338 1/01/96 10 162.49 162.49 RA0650-0000 MONTHLY SERVICE
-----------
1,043.18
20084 HOLIDAY INN WEST PO BOX 3308 OCALA
01 IV R6011329 1/01/96 10 164.30 164.30 HO0120-0000 MONTHLY SERVICE
-----------
164.30
20215 HOLLAND & KNIGHT 50 N. LAURA STREET #3900 JACKSONVILLE
01 IV R6010472 1/01/96 10 58.58 58.58 HO0140-0000 MONTHLY SERVICE
-----------
58.58
42 HOLY FAMILY CATHOLIC 9800 BAYMEADOWS ROAD JACKSONVILLE
01 IV M1295149 12/19/95 40 312.00 312.00
01 IV M1295216 12/27/95 40 55.00 55.00
-----------
367.00
2139 HOME BUILDERS INSURANCE 2727 & 2715 ATLANTIC BLVD. POST OFFICE BOX 10197 JACKSONVILLE
01 IV R6010983 1/01/96 10 204.21 204.21 HO0404-0000 MONTHLY SERVICE
-----------
204.21
12440 HOMESTEAD RESTAURANT 1712 BEACH BLVD JAX BEACH
01 IV R5110998 11/01/95 10 78.71 78.71 HO1904-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 51
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- -------------- --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12440 HOMESTEAD RESTAURANT 1712 BEACH BLVD JAX BEACH
01 IV R5121003 12/01/95 10 78.71 78.71 HO1904-0000 MONTHLY SERVICE
01 IV R6011003 1/01/96 10 78.71 78.71 HO1904-0000 MONTHLY SERVICE
---------
236.13
18246 HOOLA HOOPS RESTAURANT 1001 PONCE DE LEON BLVD ST. AUGUSTINE
01 IV R6010339 1/01/96 10 68.90 68.90 HO0110-0000 MONTHLY SERVICE
---------
68.90
20971 HOOVER FOODS INC. ATTN: DUANE HOOVER 4015 WEATHERBURN WAY BUILDING #B SUITE #200
01 IV R6010025 1/01/96 10 58.30 58.30 WE0260-0000 MONTHLY SERVICE
---------
58.30
18113 HOPKINS MOTOR CO. 2700 US HIGHWAY 90 WEST LAKE CITY
01 IV R6010225 1/01/96 10 58.30 58.30 HO0130-0000 MONTHLY SERVICE
---------
58.30
20799 HOPS BAR AND GRILLE 2505 SW COLLEGE ROAD OCALA
01 IV R6011315 1/01/96 10 159.00 159.00 HO0180-0000 MONTHLY SERVICE
---------
159.00
20367 HOPS GRILL AND BAR 9826 SAN JOSE BOULEVARD JACKSONVILLE
01 UC UC-5023 12/26/95 181.05- 181.05-
01 IV R6011070 1/01/96 10 181.05 181.05 HO0150-0000 MONTHLY SERVICE
---------
20658 HOPS GRILL AND BAR 1780 WELLS ROAD ORANGE PARK
01 IV R5090272 9/01/95 10 181.90 31.70 HO0160-0000 MONTHLY SERVICE
01 IV R5110275 11/01/95 10 181.90 181.90 HO0160-0000 MONTHLY SERVICE
01 IV R5120282 12/01/95 10 181.90 181.90 HO0160-0000 MONTHLY SERVICE
01 IV R6010282 1/01/96 10 181.90 181.90 HO0160-0000 MONTHLY SERVICE
---------
577.40
20815 HORIZON'S 802 ASH STREET PO BOX 1208 FERNANDINA BEACH
01 IV R6010209 1/01/96 10 75.26 75.26 HO0170-0000 MONTHLY SERVICE
---------
75.26
447 HOWARD JOHNSONS - ANASTASIA 300 A1A BEACH BOULEVARD ST. AUGUSTINE BEACH
01 IV R6010340 1/01/96 10 136.03 136.03 SH0300-0000 MONTHLY SERVICE
---------
136.03
21032 HUDDLE HOUSE RT 13, BOX 1140 LAKE CITY
01 IV M1195059 11/08/95 40 206.70 206.70
01 IV M1295056 12/05/95 40 55.00 55.00
---------
261.70
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 52
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
21101 HUDDLE HOUSE 9505 SW 50TH ROAD GAINESVILLE
01 IV R5111106 11/01/95 10 47.70 47.70 HU0140-0000 MONTHLY SERVICE
01 IV R5121119 12/01/95 10 47.70 47.70 HU0140-0000 MONTHLY SERVICE
01 IV R6011118 1/01/96 10 47.70 47.70 HU0140-0000 MONTHLY SERVICE
--------
143.10
12495 HUGO & ASSOCIATES 3139 PHILLIPS HIGHWAY JACKSONVILLE
01 UC UC-55239 8/04/95 239.65- 47.93-
01 IV R6010604 1/01/96 10 47.93 47.93 HU0200-0000 MONTHLY SERVICE
--------
19033 HUMANA HEALTH INSURANCE 6600 SOUTHPOINT PKWY, BLDG 800 ATTN: SHIRLEY MYERS PO BOX 19080
01 IV R6010966 1/01/96 10 416.42 416.42 HU0400-0000 MONTHLY SERVICE
--------
416.42
20916 IBM PO BOX 8099 ENDICOTT
01 IV R5100003 10/01/95 10 139.52 139.52 IN0210-0000 MONTHLY SERVICE
01 IV R5120005 12/01/95 10 139.52 139.52 IN0210-0000 MONTHLY SERVICE
01 IV R6010006 1/01/96 10 139.52 139.52 IN0210-0000 MONTHLY SERVICE
--------
418.56
21158 IMAGES 1662 STOCKTON STREET JACKSONVILLE
01 IV M1295096 12/08/95 40 106.50 106.50
--------
106.50
20411 INDEPENDENCE COMMUNICATIONS 2500 WACO STREET RICHMOND
01 IV R6010007 1/01/96 10 108.63 108.63 GE0130-0000 MONTHLY SERVICE
--------
108.63
12520 INDEPENDENT SQUARE ONE INDEPENDENT DR. W. JACKSONVILLE
01 IV R6010473 1/01/96 10 828.55 828.55 IN0100-0000 MONTHLY SERVICE
--------
828.55
17999 INT'L LONGSHOREMAN'S ASSOC. PO BOX 3275 JACKSONVILLE
01 IV R6010537 1/01/96 10 37.28 37.28 IN0510-0000 MONTHLY SERVICE
--------
37.28
17549 INTERNATIONAL HOUSE OF PANCAKE 8400 BAYMEADOWS ROAD JACKSONVILLE
01 IV R5100770 10/01/95 10 77.90 77.90 IN0450-0000 MONTHLY SERVICE
01 IV R5110769 11/01/95 10 77.90 77.90 IN0450-0000 MONTHLY SERVICE
01 IV R5120778 12/01/95 10 77.90 77.90 IN0450-0000 MONTHLY SERVICE
01 IV R6010765 1/01/96 10 77.90 77.90 IN0450-0000 MONTHLY SERVICE
--------
311.60
17612 INTERNATIONAL HOUSE OF PANCAKE 3613 S.W. 13TH ST. GAINESVILLE
01 IV R5121156 12/01/95 10 46.64 46.64 IN0104-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 53
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
17612 INTERNATIONAL HOUSE OF PANCAKE 3613 S.W. 13TH ST. GAINESVILLE
01 IV R6011155 1/01/96 10 46.64 46.64 IN0104-0000 MONTHLY SERVICE
--------
93.28
17672 INTERNATIONAL HOUSE OF PANCAKE 7940 103RD STREET JACKSONVILLE
01 IV R5120672 12/01/95 10 52.72 52.72 IN0460-0000 MONTHLY SERVICE
01 IV R6010670 1/01/96 10 52.72 52.72 IN0460-0000 MONTHLY SERVICE
--------
105.44
17792 INTERNATIONAL HOUSE OF PANCAKE 315 BLANDING BLVD ORANGE PARK
01 IV R5120283 12/01/95 10 52.97 52.97 IN0120-0000 MONTHLY SERVICE
01 IV R6010283 1/01/96 10 52.97 52.97 IN0120-0000 MONTHLY SERVICE
--------
105.94
17808 INTERNATIONAL HOUSE OF PANCAKE 5221 UNIVERSITY BLVD., WEST JACKSONVILLE
01 IV R5120777 12/01/95 10 58.58 58.58 IN0110-0000 MONTHLY SERVICE
01 IV R6010764 1/01/96 10 58.58 58.58 IN0110-0000 MONTHLY SERVICE
--------
117.16
18297 INTERNATIONAL HOUSE OF PANCAKE 9010 ATLANTIC BOULEVARD JACKSONVILLE
01 IV R5120711 12/01/95 10 47.93 47.93 IN0130-0000 MONTHLY SERVICE
01 IV R6010708 1/01/96 10 47.93 47.93 IN0130-0000 MONTHLY SERVICE
--------
95.86
18510 INTERNATIONAL HOUSE OF PANCAKE 2600 PONCE DE LEON BLVD. ST. AUGUSTINE
01 IV R5120361 12/01/95 10 53.00 53.00 IN0470-0000 MONTHLY SERVICE
01 IV R6010359 1/01/96 10 53.00 53.00 IN0470-0000 MONTHLY SERVICE
--------
106.00
18970 INTERNATIONAL HOUSE OF PANCAKE HIGHWAY 90 WEST ROUTE #13 BOX 1083 LAKE CITY
01 IV R5120224 12/01/95 10 53.00 53.00 IN0140-0000 MONTHLY SERVICE
01 IV R6010226 1/01/96 10 53.00 53.00 IN0140-0000 MONTHLY SERVICE
--------
106.00
19916 INTERNATIONAL HOUSE OF PANCAKE 1124 SW PINE AVENUE OCALA
01 IV R5121203 12/01/95 10 63.60 63.60 PL0107-0000 MONTHLY SERVICE
01 IV R6011202 1/01/96 10 63.60 63.60 PL0107-0000 MONTHLY SERVICE
--------
127.20
14055 INTERVENTIONAL CARDIOLOGISTS OF GAINESVILLE 1131 N.W. 64TH TERRACE GAINESVILLE
01 IV R6011130 1/01/96 10 52.68 52.68 IN0804-0000 MONTHLY SERVICE
--------
52.68
12700 ISLAND CHEVROLET/BUICK/PONTIAC SADLER ROAD @ 14TH STREET POST OFFICE BOX 726 FERNANDINA BEACH
01 IV R5120193 12/01/95 10 81.89 81.89 DO0104-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 54
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12700 ISLAND CHEVROLET/BUICK/ SADLER ROAD @ 14TH STREET POST OFFICE BOX 726 FERNANDINA BEACH
PONTIAC 01 IV R6010196 1/01/96 10 81.89 81.89 DO0104-0000 MONTHLY SERVICE
--------
163.78
20868 ITALIAN FOODS ENTERPRISES 2413 NE 19TH DRIVE GAINESVILLE
01 IV R5111151 11/01/95 20 79.50 79.50 PA0106-0000 MONTHLY SERVICE
01 IV R5111152 11/01/95 20 79.50 79.50 PA0126-0000 MONTHLY SERVICE
01 IV R5111153 11/01/95 20 79.50 79.50 PA0206-0000 MONTHLY SERVICE
01 IV R5121164 12/01/95 20 79.50 79.50 PA0106-0000 MONTHLY SERVICE
01 IV R5121165 12/01/95 20 79.50 79.50 PA0126-0000 MONTHLY SERVICE
01 IV R5121166 12/01/95 20 79.50 79.50 PA0206-0000 MONTHLY SERVICE
01 IV R6011163 1/01/96 20 79.50 79.50 PA0106-0000 MONTHLY SERVICE
01 IV R6011164 1/01/96 20 79.50 79.50 PA0126-0000 MONTHLY SERVICE
01 IV R6011165 1/01/96 20 79.50 79.50 PA0206-0000 MONTHLY SERVICE
--------
715.50
20828 ITALIAN OVEN 1999 W. COLONIAL DR #215 ORLANDO
01 IV R6011226 1/01/96 10 92.66 92.66 IT0140-0000 MONTHLY SERVICE
--------
92.66
19675 IVEY, CHUCK JACKSONVILLE
01 IV M1095080 10/12/95 40 24.76 24.76
--------
24.76
18374 J BAR OF NORTH FLA INC PO BOX 23189 JACKSONVILLE
01 IV M1295035 12/05/95 40 55.00 55.00
01 IV M1295094 12/08/95 40 55.00 55.00
01 IV M1295214 12/27/95 40 184.80 184.80
01 IV R6010947 1/01/96 10 46.69 46.69 BU1044-0000 MONTHLY SERVICE
01 IV R6010941 1/01/96 10 46.69 46.69 BU0814-0000 MONTHLY SERVICE
01 IV R6010942 1/01/96 10 46.69 46.69 BU0824-0000 MONTHLY SERVICE
01 IV R6010943 1/01/96 10 46.69 46.69 BU0834-0000 MONTHLY SERVICE
01 IV R6010944 1/01/96 10 46.69 46.69 BU1014-0000 MONTHLY SERVICE
01 IV R6010945 1/01/96 10 46.69 46.69 BU1024-0000 MONTHLY SERVICE
01 IV R6010946 1/01/96 10 46.69 46.69 BU1034-0000 MONTHLY SERVICE
--------
621.63
17577 J BYRONS #67 10991 SAN JOSE BLVD. JACKSONVILLE ATTN: GENE MERTZ
01 IV R6010836 1/01/96 10 145.37 145.37 JB0114-0000 MONTHLY SERVICE
--------
145.37
12650 J.C. PENNEY'S #479-6 6419 NEWBERRY ROAD GAINESVILLE
01 IV R5121107 12/01/95 10 68.90 68.90 JC0105-0000 MONTHLY SERVICE
--------
68.90
20818 J.P. PERRY INSURANCE 3342 KORI ROAD JACKSONVILLE
01 IV R6011071 1/01/96 10 58.58 58.58 JP0100-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 55
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
58.58
12610 JACK WILSON CHEVROLET U.S. HIGHWAY #1 POST OFFICE BOX 169 ST. AUGUSTINE
01 IV R6010341 1/01/96 10 85.13 85.13 JA1200-0000 MONTHLY SERVICE
----------
85.13
20444 JACKSONVILLE FACULTY ACCOUNTS PAYABLE PO BOX 44008 JACKSONVILLE
PRACTICE 01 IV R5120872 12/01/95 10 149.50 149.50 JA0144-0000 MONTHLY SERVICE
01 IV R6010862 1/01/96 10 149.50 149.50 JA0144-0000 MONTHLY SERVICE
----------
299.00
19768 JACKSONVILLE HEALTH CARE 1200 RIVERPLACE BLVD #701 JACKSONVILLE
GROUP 01 UC UC-19145 12/11/95 47.93- 47.93-
01 IV R6010606 1/01/96 10 47.93 47.93 PR0110-0000 MONTHLY SERVICE
----------
20958 JACKSONVILLE HEALTHCARE 1200 RIVERPLACE BLVD JACKSONVILLE
GROUP 01 IV R6010607 1/01/96 10 47.93 47.93 PR0170-0000 MONTHLY SERVICE
----------
47.93
18057 JACKSONVILLE INTN'T 2400 YANKEE CLIPPER DR JACKSONVILLE
AIRPORT 01 IV M1095129 10/23/95 40 22.25 22.25
----------
22.25
12595 JACKSONVILLE MACK TRUCK 1986 W. BEAVER STREET PO BOX 2880 JACKSONVILLE
01 IV R6010498 1/01/96 10 63.21 63.21 JA0800-0000 MONTHLY SERVICE
----------
63.21
19413 JACKSONVILLE PORT ATTN: ACCOUNTS PAYABLE PO BOX 3005 JACKSONVILLE
AUTHORITY 01 IV R5120542 12/01/95 30 459.00 459.00 JA0168-0000 MONTHLY SERVICE
01 IV R6010539 1/01/96 30 459.00 459.00 JA0168-0000 MONTHLY SERVICE
----------
918.00
623 JACOBSON'S 9911 BAYMEADOWS RD #1000 JACKSONVILLE
01 IV R6011032 1/01/96 10 95.85 95.85 JA1250-0000 MONTHLY SERVICE
----------
95.85
20517 JAMES DAHL & COMPANY, INC. 1200 RIVERPLACE BOULEVARD SUITE 902 JACKSONVILLE
01 IV R6010608 1/01/96 10 47.93 47.93 JA0120-0000 MONTHLY SERVICE
----------
47.93
12555 JAX CHAMBER OF COMMERCE ACCOUNTS PAYABLE 3 INDEPENDENT DRIVE JACKSONVILLE
01 IV R6010489 1/01/96 10 154.43 154.43 JA0210-0000 MONTHLY SERVICE
----------
154.43
18725 JAX GOLF & COUNTRY CLUB 3985 HUNT CLUB ROAD JACKSONVILLE
01 IV R6010766 1/01/96 10 133.13 133.13 JA0150-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 56
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-----------
133.13
20573 JAX HEART CENTER 1801 BARRS STREET JACKSONVILLE
01 IV R6010514 1/01/96 10 47.93 47.93 JA1100-0000 MONTHLY SERVICE
-----------
47.93
17004 JAX KENNEL CLUB NORTH MCDUFF AVENUE P.O. BOX 54249 JACKSONVILLE
01 IV R6010967 1/01/96 20 158.69 158.69 JA0706-0000 MONTHLY SERVICE
-----------
158.69
7025 JAX NAVY FED CREDIT UNION 182 BLANDING BLVD ORANGE PARK
01 IV M1295088 12/08/95 40 375.00 375.00
-----------
375.00
12630 JAX NAVY FED CREDIT UNION PO BOX 45085 JACKSONVILLE
01 IV R5110724 11/01/95 10 96.25 25.00 JA1800-0000 MONTHLY SERVICE
01 IV R6010882 1/01/96 10 105.57 105.57 JA1500-0000 MONTHLY SERVICE
01 IV R6010884 1/01/96 10 25.00 25.00 JA1700-0000 MONTHLY SERVICE
01 IV R6010885 1/01/96 10 96.25 96.25 JA1800-0000 MONTHLY SERVICE
01 IV R6010886 1/01/96 10 25.00 25.00 JA1900-0000 MONTHLY SERVICE
01 IV R6010887 1/01/96 10 259.70 259.70 JA1904-0000 MONTHLY SERVICE
01 IV R6010888 1/01/96 10 56.60 56.60 JA2000-0000 MONTHLY SERVICE
01 IV R6010883 1/01/96 10 92.39 92.39 JA1600-0000 MONTHLY SERVICE
01 IV R6010889 1/01/96 10 61.80 61.80 JA2100-0000 MONTHLY SERVICE
01 IV R6010890 1/01/96 10 113.74 113.74 NA0300-0000 MONTHLY SERVICE
01 IV R6010891 1/01/96 10 49.46 49.46 NA0400-0000 MONTHLY SERVICE
01 IV R6010892 1/01/96 10 57.17 57.17 NA0600-0000 MONTHLY SERVICE
-----------
967.68
21093 JAX NAVY FEDERAL CREDIT 2620 BLANDING BLVD. #3 MIDDLEBURG
UNION 01 IV M1295159 12/19/95 40 615.00 615.00
-----------
615.00
21094 JAX NAVY FEDERAL CREDIT 7802 ATLANTIC BLVD. JACKSONVILLE
UNION 01 IV M1295030 12/05/95 40 559.13 559.13
-----------
559.13
18962 JEA ACCOUNTS PAYABLE DEPARTMENT PO BOX 4910 JACKSONVILLE
01 IV R5120452 12/01/95 10 49.50 49.50 JE0170-0000 MONTHLY SERVICE
01 IV R5120447 12/01/95 10 49.50 49.50 JE0110-0000 MONTHLY SERVICE
01 IV R5120448 12/01/95 10 49.50 49.50 JE0120-0000 MONTHLY SERVICE
01 IV R5120449 12/01/95 10 49.50 49.50 JE0130-0000 MONTHLY SERVICE
01 IV R5120450 12/01/95 10 49.50 49.50 JE0140-0000 MONTHLY SERVICE
01 IV R5120451 12/01/95 10 49.50 49.50 JE0160-0000 MONTHLY SERVICE
01 IV R5120453 12/01/95 10 49.50 49.50 JE0180-0000 MONTHLY SERVICE
01 IV R6010446 1/01/96 10 49.50 49.50 JE0120-0000 MONTHLY SERVICE
01 IV R6010445 1/01/96 10 49.50 49.50 JE0110-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 57
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
18962 JEA ACCOUNTS PAYABLE DEPARTMENT PO BOX 4910 JACKSONVILLE
01 IV R6010447 1/01/96 10 49.50 49.50 JE0130-0000 MONTHLY SERVICE
01 IV R6010448 1/01/96 10 49.50 49.50 JE0140-0000 MONTHLY SERVICE
01 IV R6010449 1/01/96 10 49.50 49.50 JE0160-0000 MONTHLY SERVICE
01 IV R6010450 1/01/96 10 49.50 49.50 JE0170-0000 MONTHLY SERVICE
01 IV R6010451 1/01/96 10 49.50 49.50 JE0180-0000 MONTHLY SERVICE
-----------
693.00
15610 JEA CENTRAL OFFICE BLDG. JEA GENERAL ACCOUNTING ACCOUNTS PAYABLE DEPARTMENT PO BOX 4910
01 IV R5120454 12/01/95 30 197.92 197.92 JE0108-0000 MONTHLY SERVICE
01 IV R6010452 1/01/96 30 197.92 197.92 JE0108-0000 MONTHLY SERVICE
-----------
395.84
20829 JEA TOWER JEA GENERAL ACCOUNTING PO BOX 4910 JACKSONVILLE
01 IV R5120455 12/01/95 10 59.00 59.00 JA0270-0000 MONTHLY SERVICE
01 IV R6010453 1/01/96 10 59.00 59.00 JA0270-0000 MONTHLY SERVICE
-----------
118.00
18993 JEA-RELAY/METER SHOP 535 WASHINGTON STREET JACKSONVILLE
01 IV M1095030 10/02/95 40 220.00 220.00
-----------
220.00
21102 JEFF LEE 296 BENDENS BROOK ROAD SKILLMAN
01 IV M1095144 10/24/95 40 141.58 141.58
-----------
141.58
18445 JERRY HAMM CHEVROLET 2600 PHILLIPS HIGHWAY JACKSONVILLE
01 IV R6010609 1/01/96 10 80.94 80.94 GO0200-0000 MONTHLY SERVICE
-----------
80.94
12715 JERRY J'S RESTAURANT 1404 PLANT AVENUE WAYCROSS
01 IV R6010062 1/01/96 10 38.50 38.50 JE0103-0000 MONTHLY SERVICE
-----------
38.50
17786 JERRY J'S RESTAURANT 1809 REYNOLDS ST. WAYCROSS
01 UC UC-11182 9/13/95 205.35- 128.35-
01 IV R5120061 12/01/95 10 38.50 38.50 JE0113-0000 MONTHLY SERVICE
01 IV R6010063 1/01/96 10 38.50 38.50 JE0113-0000 MONTHLY SERVICE
-----------
51.35-
12745 JIMMIE'S BUTTERMILK 5220 NORMANDY BLVD JACKSONVILLE
REST. 01 IV R5080511 8/01/95 10 45.10 45.10 JI0300-0000 MONTHLY SERVICE
01 IV R5090507 9/01/95 10 45.10 45.10 JI0300-0000 MONTHLY SERVICE
01 IV R5100515 10/01/95 10 45.10 45.10 JI0300-0000 MONTHLY SERVICE
01 IV R5110515 11/01/95 10 45.10 45.10 JI0300-0000 MONTHLY SERVICE
01 IV R5120526 12/01/95 10 45.10 45.10 JI0300-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 58
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12745 JIMMIE'S BUTTERMILK REST. 5220 NORMANDY BLVD JACKSONVILLE
01 IV R6010523 1/01/96 10 45.10 45.10 JI0300-0000 MONTHLY SERVICE
---------
270.60
50 JIMMIES BUTTERMILK CHICKEN 8550 BEACH BLVD JACKSONVILLE
01 IV R6010767 1/01/96 20 83.76 83.76 JI0206-0000 MONTHLY SERVICE
---------
83.76
17636 JINRIGHT'S SEAFOOD #1 2815 GLYNN AVENUE BRUNSWICK
01 IV R6010114 1/01/96 10 45.00 45.00 JIO103-0000 MONTHLY SERVICE
---------
45.00
21104 JKC WEN. LC 2710 SR #16 ST. AUGUSTINE
01 IV R6010383 1/01/96 10 52.47 52.47 WE0210-0000 MONTHLY SERVICE
01 IV R6010384 1/01/96 10 52.47 52.47 WE0250-0000 MONTHLY SERVICE
---------
104.94
18888 JM FAMILY ENTERPRISES ATTN: PANETTE KELCH 8019 BAYBERRY ROAD JACKSONVILLE
01 IV R5121034 12/01/05 10 37.28 37.28 JM0100-0000 MONTHLY SERVICE
01 IV R6011033 1/01/96 10 37.28 37.28 JM0100-0000 MONTHLY SERVICE
---------
74.56
19654 K & K FOODS PO BOX 20303 ST. SIMONS ISLAND
01 IV R6010144 1/01/96 10 53.25 53.25 HU0104-0000 MONTHLY SERVICE
---------
53.25
18637 K-MART EATERY #3714 US HIGHWAY 90 BOX 49A LAKE CITY
01 IV R6010227 1/01/96 10 53.00 53.00 KM0100-0000 MONTHLY SERVICE
---------
53.00
20217 KANE FURNITURE 5700 70TH AVENUE NORTH PINELLAS PARK
01 IV R6011345 1/01/96 10 40.28 40.28 KA0100-0000 MONTHLY SERVICE
---------
40.28
17735 KASH N KARRY PO BOX 11675 TAMPA
01 IV M1294153 12/19/95 40 176.97 176.97
01 IV M1295183 12/21/95 40 359.34 359.34
---------
536.31
19364 KELLY LINCOLN MERCURY PO BOX 14329 JACKSONVILLE
01 IV R6010928 1/01/96 10 221.94 221.94 KE0104-0000 MONTHLY SERVICE
---------
221.94
19501 KELLY, JOHN R., DDS 9119 MERRILL ROAD #29 JACKSONVILLE
01 IV R5110695 11/01/95 10 40.47 39.26 KE0114-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 59
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19501 KELLY, JOHN R., DDS 9119 MERRILL ROAD #29 JACKSONVILLE
01 IV R6010702 1/01/96 10 40.47 40.47 KE0114-0000 MONTHLY SERVICE
----------
79.73
20270 KENNY ROGERS ROASTERS 296 BLANDING BLVD ORANGE PARK
01 IV M1195122 11/29/95 40 486.26 486.26
----------
486.26
20462 KENNY ROGERS ROASTERS 3621 SW ARCHER ROAD GAINESVILLE
01 IV M0795044 7/06/95 40 14.95 14.95
----------
14.95
20655 KENNY ROGERS ROASTERS 2415 SW COLLEGE ROAD OCALA
01 IV M0895164 8/23/95 40 100.70 100.70
01 IV M1295026 12/05/95 40 68.95 68.95
----------
169.65
6195 KENTUCKY FRIED CHICKEN 121 S. BAKER SQUARE PO BOX 1347 MACCLENNY
01 IV R6010251 1/01/96 10 38.84 38.84 KE0110-0001 MONTHLY SERVICE
----------
38.84
6250 KENTUCKY FRIED CHICKEN 114 S. W. 34TH STREET GAINESVILLE
01 IV R5081158 8/01/95 10 38.48 38.48 KE0110-0031 MONTHLY SERVICE
01 IV R5091136 9/01/95 10 38.48 .08 KE0110-0031 MONTHLY SERVICE
01 IV R5111132 11/01/95 10 38.48 38.48 KE0110-0031 MONTHLY SERVICE
01 IV R5121146 12/01/95 10 40.79 40.79 KE0110-0031 MONTHLY SERVICE
01 IV R6011147 1/01/96 10 40.79 40.79 KE0110-0031 MONTHLY SERVICE
----------
158.62
6260 KENTUCKY FRIED CHICKEN 640 SOUTH WALNUT STREET STARKE
01 IV R6010379 1/01/96 10 41.17 41.17 KE0110-0034 MONTHLY SERVICE
----------
41.17
6265 KENTUCKY FRIED CHICKEN 3525 S.W. ARCHER ROAD GAINESVILLE
01 IV R5101145 10/01/95 10 38.48 38.48 KE0110-0035 MONTHLY SERVICE
01 IV R6011156 1/01/96 10 40.79 40.79 KE0110-0035 MONTHLY SERVICE
----------
79.27
6285 KENTUCKY FRIED CHICKEN 1128 US #90 WEST LAKE CITY
01 IV R6010228 1/01/96 10 37.10 37.10 KE0150-0000 MONTHLY SERVICE
----------
37.10
17146 KENTUCKY FRIED CHICKEN 139 LEE AVENUE WAYCROSS
01 IV R6010064 1/01/96 10 44.00 44.00 KE0143-0000 MONTHLY SERVICE
01 IV R6010065 1/01/96 10 44.00 44.00 KE0163-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 60
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ -------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------
88.00
17730 KENTUCKY FRIED CHICKEN PO BOX 637 STATESBORO
01 IV R5110027 11/01/95 10 55.00 55.00 KE0153-0000 MONTHLY SERVICE
01 IV R5110025 11/01/95 10 46.30 45.76 KE0113-0000 MONTHLY SERVICE
01 IV R5110026 11/01/95 10 47.40 47.40 KE0123-0000 MONTHLY SERVICE
01 IV R5120030 12/01/95 10 55.00 55.00 KE0153-0000 MONTHLY SERVICE
01 IV R5120028 12/01/95 10 46.30 46.30 KE0113-0000 MONTHLY SERVICE
01 IV R5120029 12/01/95 10 47.40 47.40 KE0123-0000 MONTHLY SERVICE
01 IV R6010031 1/01/96 10 46.30 46.30 KE0113-0000 MONTHLY SERVICE
01 IV R6010032 1/01/96 10 47.40 47.40 KE0123-0000 MONTHLY SERVICE
01 IV R6010033 1/01/96 10 55.00 55.00 KE0153-0000 MONTHLY SERVICE
--------
445.56
17870 KENTUCKY FRIED CHICKEN DBA/KENTUCKY FRIED CHICKEN PO BOX 860119 ST. AUGUSTINE
01 IV R5110367 11/01/95 10 47.70 47.70 KE0154-0000 MONTHLY SERVICE
01 IV R5110366 11/01/95 10 47.70 47.70 KE0144-0000 MONTHLY SERVICE
01 IV R5120374 12/01/95 10 47.70 47.70 KE0144-0000 MONTHLY SERVICE
01 IV R5120375 12/01/95 10 47.70 47.70 KE0154-0000 MONTHLY SERVICE
01 IV R6010372 1/01/96 10 47.70 47.70 KE0144-0000 MONTHLY SERVICE
01 IV R6010373 1/01/96 10 47.70 47.70 KE0154-0000 MONTHLY SERVICE
--------
286.20
18198 KENTUCKY FRIED CHICKEN 1805 US HIGHWAY 1 SOUTH ST. AUGUSTINE
01 IV M0995179 9/27/95 40 183.06 183.06
--------
183.06
19105 KENTUCKY FRIED CHICKEN PO BOX 51432 JACKSONVILLE
01 IV R6010939 1/01/96 10 31.95 31.95 KE0120-0000 MONTHLY SERVICE
--------
31.95
19254 KENTUCKY FRIED CHICKEN C/O DOW SHERWOOD CORP 151 S. RIDGEWOOD AVENUE DAYTONA BEACH
01 IV R5120417 12/01/95 10 53.50 53.50 KE0140-0000 MONTHLY SERVICE
01 IV R6010415 1/01/96 10 53.50 53.50 KE0140-0000 MONTHLY SERVICE
--------
107.00
19729 KENTUCKY FRIED CHICKEN 2405 PLANT AVENUE WAYCROSS
01 IV M1295115 12/12/95 40 55.00 55.00
01 IV M1295155 12/19/95 40 136.95 136.95
01 CM CM1 12/26/95 52 55.00- 55.00- LBR
--------
136.95
19799 KENTUCKY FRIED CHICKEN PO BOX 1498 DOUGLAS
01 IV R6010162 1/01/96 10 45.00 45.00 KE0173-0000 MONTHLY SERVICE
--------
45.00
19885 KENTUCKY FRIED CHICKEN 5120 SE ABSHIRE BLVD BELLEVIEW
01 IV R6011281 1/01/96 10 40.79 40.79 KE0207-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 61
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ------------------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
40.79
20175 KENTUCKY FRIED CHICKEN 2258 EDGEWOOD AVENUE WEST JACKSONVILLE
01 IV MI095211 10/30/95 40 585.75 585.75
----------
585.75
20459 KENTUCKY FRIED CHICKEN 11583 N. WILLIAMS STREET DUNNELLON
01 UC UC-192465 10/11/94 34.98- 34.98- DUP. PAY'MT
01 IV R6011282 1/01/96 10 40.79 40.72 KEO307-0000 MONTHLY SERVICE
---------
5.81
20588 KENTUCKY FRIED CHICKEN 1155 E. BOONE AVENUE EXTENSION KINGSLAND
01 IV R6010173 1/01/96 36.30 36.30 KEO180-0000 MONTHLY SERVICE
----------
36.30
20814 KENTUCKY FRIED CHICKEN PO BOX 1332 HAMMOND
01 IV R6011405 1/01/96 37.45 37.45 KEO200-0000 MONTHLY SERVICE
----------
37.45
20903 KENTUCKY FRIED CHICKEN PO BOX 1347 MACCLENNY
01 IV R5120249 12/01/95 10 41.17 41.17 KEO190-0000 MONTHLY SERVICE
01 IV R6010250 1/01/96 10 41.17 41.17 KEO190-0000 MONTHLY SERVICE
---------
82.34
21022 KENTUCKY FRIED CHICKEN 1231 EAST UNIVERSITY AVE GAINESVILLE
01 IV R5121360 12/01/95 10 40.79 40.79 KEO270-0000 MONTHLY SERVICE
01 IV R6011106 1/01/96 10 40.79 40.79 KEO270-0000 MONTHLY SERVICE
---------
81.58
6210 KENTUCKY FRIED CHICKEN #10 10400 ATLANTIC BLVD JACKSONVILLE
01 IV R6010849 1/01/96 10 38.66 38.66 KEO110-0010 MONTHLY SERVICE
----------
38.66
17874 KENTUCKY FRIED CHICKEN #11 2258 WEST EDGEWOOD AVENUE JACKSONVILLE
01 UC UC-225457 12/21/95 35.15- 35.15-
01 IV R6010643 1/01/96 10 38.66 38.66 KEO110-0011 MONTHLY SERVICE
----------
3.51
18301 KENTUCKY FRIED CHICKEN #12 1007 LANE AVENUE SOUTH JACKSONVILLE
01 IV R6010524 1/01/96 10 38.66 38.66 KEO110-0012 MONTHLY SERVICE
----------
38.66
6215 KENTUCKY FRIED CHICKEN #14 3939 UNIVERSITY BLVD W JACKSONVILLE
01 IV R6010810 1/01/96 10 38.66 38.66 KEO110-0014 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 62
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
38.66
6230 KENTUCKY FRIED CHICKEN #17 7276 103RD STREET JACKSONVILLE
01 IV R6010671 1/01/96 10 38.66 38.66 KE0110-0017 MONTHLY SERVICE
----------
38.66
6235 KENTUCKY FRIED CHICKEN #18 1146 DUNN AVENUE JACKSONVILLE
01 IV R6010826 1/01/96 10 38.66 38.66 KE0110-0018 MONTHLY SERVICE
----------
38.66
6240 KENTUCKY FRIED CHICKEN #19 3430 UNIVERSITY BLVD S. JACKSONVILLE
01 IV R5120781 12/01/95 10 38.66 38.66 KE0110-0019 MONTHLY SERVICE
01 IV R6010768 1/01/96 10 38.66 38.66 KE0110-0019 MONTHLY SERVICE
----------
77.32
19887 KENTUCKY FRIED CHICKEN #197 1607 SW PINE STREET OCALA
01 IV R6011203 1/01/96 10 40.79 40.79 KE0407-0000 MONTHLY SERVICE
----------
40.79
6245 KENTUCKY FRIED CHICKEN #20 8761 BAYMEADOWS ROAD JACKSONVILLE
01 IV R6011034 1/01/96 10 38.66 38.66 KE0110-0020 MONTHLY SERVICE
----------
38.66
18265 KENTUCKY FRIED CHICKEN #21 816 T. J. COURSON ROAD FERNANDINA BEACH
01 IV R6010197 1/01/96 10 38.48 38.48 KE0110-0021 MONTHLY SERVICE
----------
38.48
20274 KENTUCKY FRIED CHICKEN #3 1909 N. MAIN STREET JACKSONVILLE
01 IV M0295113 2/23/95 40 396.71 396.71
01 IV M1095193 10/26/95 40 585.75 585.75
01 IV R6010540 1/01/96 10 38.66 38.66 KE0170-0000 MONTHLY SERVICE
----------
1,021.12
17882 KENTUCKY FRIED CHICKEN #38 514 W. NOBLE AVENUE WILLISTON
01 IV R6011212 1/01/96 10 41.17 41.17 KE0110-0038 MONTHLY SERVICE
----------
41.17
20902 KENTUCKY FRIED CHICKEN #44 8003 MERRILL ROAD JACKSONVILLE
01 IV R6010709 1/01/96 10 38.66 38.66 KE0110-0022 MONTHLY SERVICE
----------
38.66
21071 KENTUCKY FRIED CHICKEN #51 610 BLANDING BOULEVARD ORANGE PARK
01 IV R6010284 1/01/96 10 38.84 38.84 KE0110-0051 MONTHLY SERVICE
----------
38.84
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 8
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
17015 KENTUCKY FRIED CHICKEN #6 2260 MAYPORT ROAD ATLANTIC BEACH
01 IV R6010894 1/01/96 10 38.66 38.66 KE0110-0006 MONTHLY SERVICE
---------
38.66
17528 KENTUCKY FRIED CHICKEN #7 1945 KINGS ROAD JACKSONVILLE
01 IV R6010644 1/01/96 10 38.66 38.66 KE0110-0007 MONTHLY SERVICE
---------
38.66
6255 KENTUCKY FRIED CHICKEN #32 1 NW 10TH AVENUE GAINESVILLE
01 IV R5091092 9/01/95 10 38.48 38.48 KE0110-0032 MONTHLY SERVICE
01 IV R5121108 12/01/95 10 40.79 40.79 KE0110-0032 MONTHLY SERVICE
01 IV R6011107 1/01/96 10 40.79 40.79 KE0110-0032 MONTHLY SERVICE
---------
120.06
12830 KEY BUICK COMPANY 4660 SOUTHSIDE BLVD POST OFFICE BOX 17639 JACKSONVILLE
01 IV R5120968 12/01/95 10 69.18 69.18 KE0500-0000 MONTHLY SERVICE
01 IV R6010968 1/01/96 10 69.18 69.18 KE0500-0000 MONTHLY SERVICE
---------
138.36
20491 KIDNEY DIALYSIS CENTER 1715 KINGS AVENUE JACKSONVILLE
01 IV R5120612 12/01/95 10 53.25 53.25 KI0140-0000 MONTHLY SERVICE
01 IV R6010610 1/01/96 10 53.25 53.25 KI0140-0000 MONTHLY SERVICE
---------
106.50
334 KING & PRINCE HOTEL 201 ARNOLD ROAD P.O. BOX 798 ST. SIMONS ISLAND
01 IV R6010146 1/01/96 10 239.00 239.00 KI0123-0000 MONTHLY SERVICE
---------
239.00
18638 KINGS BAY CHRYSLER PLYMOUTH 1580 E. KING STREET PO BOX 3046 KINGSLAND
01 IV R6010174 1/01/96 10 45.00 45.00 KI0143-0000 MONTHLY SERVICE
---------
45.00
19537 KINGS CROWN FORD 10720 PHILLIPS HIGHWAY PO BOX 16369 JACKSONVILLE
01 IV R5120969 12/01/95 10 298.20 298.20 KI0120-0000 MONTHLY SERVICE
01 IV R6010969 1/01/96 10 298.20 298.20 KI0120-0000 MONTHLY SERVICE
---------
596.40
17310 KINGSLEY AVE ANIMAL HOSPITAL 1070 KINGSLEY AVENUE ORANGE PARK
01 IV R6010385 1/01/96 10 87.74 87.74 KI0114-0000 MONTHLY SERVICE
---------
87.74
19589 KINKO'S OF ORLANDO 3033 HARTLEY ROAD #7 JACKSONVILLE
01 IV R6011072 1/01/96 10 127.80 127.80 KI0110-0000 MONTHLY SERVICE
---------
127.80
20523 KPG INVESTMENTS INC. 1660 PRUDENTIAL DRIVE #203 JACKSONVILLE
01 IV R6010611 1/01/96 10 37.28 37.28 KR0170-0000 MONTHLY SERVICE
---------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 64
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20523 KPG INVESTMENTS INC. 1660 PRUDENTIAL DRIVE #203 JACKSONVILLE
01 IV R6010612 1/01/96 10 37.10 37.10 KR1300-0000 MONTHLY SERVICE
--------
74.38
2742 KRISPY KREME DONUTS 810 CASSAT AVENUE JACKSONVILLE
01 IV R5120528 12/01/95 10 44.75 44.75 KR0090-0000 MONTHLY SERVICE
01 IV R6010525 1/01/96 10 44.75 44.75 KR0090-0000 MONTHLY SERVICE
--------
89.50
12935 KRISPY KREME DONUTS 310 N.W. 13TH STREET GAINESVILLE
01 IV R6011108 1/01/96 10 37.10 37.10 KR0114-0000 MONTHLY SERVICE
--------
37.10
6505 KRYSTAL #1 451 NEW JESUP ROAD BRUNSWICK
01 IV R5100115 10/01/95 10 35.00 35.00 KR0203-0000 MONTHLY SERVICE
01 IV R5110109 11/01/95 10 35.00 35.00 KR0203-0000 MONTHLY SERVICE
01 IV DM5 12/29/95 11 35.05 35.00 CK#331952 NSF
01 IV R6010115 1/01/96 10 35.00 35.00 KR0203-0000 MONTHLY SERVICE
--------
140.00
19888 KRYSTAL #1 3751 NW BLITCHTON ROAD OCALA
01 IV R5081295 8/01/95 10 37.10 37.10 KR0107-0000 MONTHLY SERVICE
01 IV R5121290 12/01/95 10 37.10 37.10 KR0107-0000 MONTHLY SERVICE
01 IV M1295090 12/08/95 40 71.82 71.82
01 IV R6011289 1/01/96 10 37.10 37.10 KR0107-0000 MONTHLY SERVICE
--------
183.12
6500 KRYSTAL #16 1126 EDGEWOOD AVENUE JACKSONVILLE
01 UC UC-322875 9/25/95 153.36- 153.36-
01 IV R5110518 11/01/95 10 37.28 37.28 KR0150-0000 MONTHLY SERVICE
01 IV R5120529 12/01/95 10 37.28 37.28 KR0150-0000 MONTHLY SERVICE
01 IV R6010526 1/01/96 10 37.28 37.28 KR0150-0000 MONTHLY SERVICE
--------
41.52-
20816 KRYSTAL #19 8015 MERRILL ROAD JACKSONVILLE
01 IV R5061096 6/01/95 10 53.25 53.25 KR0120-0004 MONTHLY SERVICE
01 IV DM3 12/29/95 11 53.25 53.25 CK#331952 NSF
01 IV R6011091 1/01/96 10 53.25 53.25 KR0120-0004 MONTHLY SERVICE
--------
159.75
19982 KRYSTAL #2 2420 SW COLLEGE ROAD OCALA
01 IV DM6 12/29/95 11 111.30 111.30 CK#331952 NSF
01 IV DM7 12/29/95 12 5.00 5.00 NSF FEE
01 IV R6011316 1/01/96 10 37.10 37.10 KR0207-0000 MONTHLY SERVICE
--------
153.40
359 KRYSTAL #4 2025 MAIN STREET JACKSONVILLE
01 IV DM1 12/29/95 11 37.28 37.28 CK#331952 NSF
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 65
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
359 KRYSTAL #4 2025 MAIN STREET JACKSONVILLE
01 IV R6010541 1/01/96 10 37.28 37.28 KR0130-0004 MONTHLY SERVICE
-----------
74.56
366 KRYSTAL #9 7459 LEM TURNER ROAD JACKSONVILLE
01 IV DM2 12/29/95 11 37.28 37.28 CK#331952 NSF
01 IV R6010637 1/01/96 10 37.28 37.28 KR0120-0009 MONTHLY SERVICE
-----------
74.56
12945 KRYSTAL CORPORATION ATTN: MAINTENANCE DEPT PO BOX 1299 CHATTANOOGA
01 IV DM4 12/29/95 11 553.92 553.92 CK#331952 NSF
01 IV R6011351 1/01/96 10 37.10 37.10 KR0110-0001 MONTHLY SERVICE
01 IV R6011352 1/01/96 10 37.28 37.28 KR0120-0000 MONTHLY SERVICE
01 IV R6011353 1/01/96 10 53.25 53.25 KR0120-0005 MONTHLY SERVICE
01 IV R6011354 1/01/96 10 149.12 149.12 KR0120-0000 MONTHLY SERVICE
01 IV R6011355 1/01/96 10 186.57 186.57 KR0140-0000 MONTHLY SERVICE
01 IV R6011356 1/01/96 10 53.50 53.50 KR0160-0000 MONTHLY SERVICE
01 IV R6011357 1/01/96 10 37.10 37.10 KR0205-0000 MONTHLY SERVICE
-----------
1,107.84
19889 KUHN CHIROPRACTIC CLINIC 24 NE 14TH AVENUE OCALA
01 IV R6011290 1/01/96 10 37.10 37.10 KU0107-0000 MONTHLY SERVICE
-----------
37.10
12975 KUHN FLOWERS 3802 BEACH BLVD. POST OFFICE BOX 4248 JACKSONVILLE
01 IV R6010454 1/01/96 10 53.25 53.25 KU0100-0000 MONTHLY SERVICE
-----------
53.25
20610 LAKE CITY EXTENDED 1001 SOUTH ERMINE STREET LAKE CITY
CARE CTR 01 IV R5110224 11/01/95 10 44.52 44.52 LA0120-0000 MONTHLY SERVICE
01 IV R5120228 12/01/95 10 44.52 44.52 LA0120-0000 MONTHLY SERVICE
01 IV R6010229 1/01/96 10 44.52 44.52 LA0120-0000 MONTHLY SERVICE
-----------
133.56
12990 LAKEWOOD PHARMACY 5635 SAN JOSE BLVD JACKSONVILLE
01 IV R6010811 1/01/96 10 42.60 42.60 LA0350-0000 MONTHLY SERVICE
-----------
42.60
19803 LATITUDE 31 ONE PIER ROAD JEKYLL ISLAND
01 UC UC-2582 5/15/95 5.10 5.10
01 IV R5110155 11/01/95 10 85.00 85.00 JE0143-0000 MONTHLY SERVICE
01 IV R5120158 12/01/95 10 85.00 85.00 JE0143-0000 MONTHLY SERVICE
01 IV R6010161 1/01/96 10 85.00 85.00 JE0143-0000 MONTHLY SERVICE
-----------
249.90
19075 LAURA STREET CAFE 50 NORTH LAURA STREET JACKSONVILLE
01 IV R6010474 1/01/96 10 53.25 53.25 LA0110-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 66
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
53.25
20708 LEE'S ATTN: JIM SAILOR 6301 SAN JUAN AVENUE JACKSONVILLE
01 IV R6010672 1/01/96 10 47.93 47.93 FA0104-0000 MONTHLY SERVICE
01 IV R6010673 1/01/96 10 47.93 47.93 LE0104-0000 MONTHLY SERVICE
01 IV R6010674 1/01/96 10 47.93 47.93 LE0114-0000 MONTHLY SERVICE
01 IV R6010675 1/01/96 10 47.93 47.93 LE0124-0000 MONTHLY SERVICE
01 IV R6010676 1/01/96 10 47.93 47.93 LE0204-0000 MONTHLY SERVICE
01 IV R6010677 1/01/96 10 47.93 47.93 LE0214-0000 MONTHLY SERVICE
01 IV R6010678 1/01/96 10 47.93 47.93 LE0224-0000 MONTHLY SERVICE
01 IV R6010679 1/01/96 10 48.15 48.15 LE0234-0000 MONTHLY SERVICE
---------
383.66
20317 LEE'S CHICKEN 11616 SAN JOSE BOULEVARD JACKSONVILLE
01 IV R6011073 1/01/96 10 47.93 47.93 LE0160-0000 MONTHLY SERVICE
---------
47.93
17083 LEE'S FAMOUS CHICKEN 4114 HERSCHEL ST., SUITE 102 JACKSONVILLE
01 IV M1295208 12/27/95 40 158.69 158.69
---------
158.69
19864 LEE'S FAMOUS RECIPE 2303 E. SILVER SPRINGS BLVD OCALA
01 IV M1295122 12/12/95 40 55.00 55.00
01 IV R6011291 1/01/96 10 47.70 47.70 FA0207-0000 MONTHLY SERVICE
---------
102.70
20292 LENGER, DR. MARK 2327 OAK STREET JACKSONVILLE
01 IV R6010512 1/01/96 10 42.60 42.60 LI0120-0000 MONTHLY SERVICE
---------
42.60
2690 LEPAVILLION 45 SAN MARCO BLVD ST. AUGUSTINE
01 IV R6010342 1/01/96 10 67.33 67.33 LE0150-0000 MONTHLY SERVICE
---------
67.33
631 LEVITZ FURNITURE 8270 ARLINGTON EXPY JACKSONVILLE
01 IV R5120714 12/01/95 30 10.65 10.65 LE0308-0000 MONTHLY SERVICE
01 IV R5120715 12/01/95 30 10.70 10.70 LE0318-0000 MONTHLY SERVICE
01 IV R6010710 1/01/96 30 10.65 10.65 LE0308-0000 MONTHLY SERVICE
01 IV R6010711 1/01/96 30 10.70 10.70 LE0318-0000 MONTHLY SERVICE
---------
42.70
17603 LEVITZ FURNITURE 317 BLANDING BLVD. ORANGE PARK
01 IV M1295206 12/27/95 40 149.10 149.10
---------
149.10
19890 LIFETIME FITNESS CENTER 1100 SW 1ST AVENUE P.O. BOX 4227 OCALA
01 IV R6011317 1/01/96 10 47.50 47.50 LI0107-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 67
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
47.50
19451 LIL' CHAMP/JIFFY STORE 9143 PHILLIPS HIGHWAY PO BOX 23180 JACKSONVILLE
01 IV R6010948 1/01/96 10 63.90 63.90 LI0134-0000 MONTHLY SERVICE
----------
63.90
18074 LITTLE DRAGON RESTAURANT 2034 KINGSLEY AVENUE ORANGE PARK
01 IV R5120286 12/01/95 10 37.45 37.45 LI0110-0000 MONTHLY SERVICE
01 IV R6010286 1/01/96 10 37.45 37.45 LI0110-0000 MONTHLY SERVICE
----------
74.90
18531 LODGE AT PONTE VEDRA 607 PONTE VEDRA BOULEVARD PONTE VEDRA BEACH
01 IV M1295158 12/19/95 40 116.60 116.60
01 IV R6010317 1/01/96 10 567.26 567.26 LO0110-0000 MONTHLY SERVICE
01 IV R6010318 1/01/96 10 149.99 149.99 MA0130-0000 MONTHLY SERVICE
----------
833.85
19207 LOGISTIC SERVICES INTL. 6200 LAKE GRAY BLVD. JACKSONVILLE
01 IV R6010952 1/01/96 10 89.46 89.46 LO0180-0000 MONTHLY SERVICE
----------
89.46
21007 LONE STAR STEAKHOUSE C/O COULTER ENTERPRISES 224 E. DOUGLAS #700 WITCHITA
01 IV R5121404 12/01/95 30 37.10 37.10 LO0108-0000 MONTHLY SERVICE
01 IV R5121405 12/01/95 30 37.10 37.10 LO0208-0000 MONTHLY SERVICE
01 IV R6011402 1/01/96 30 37.10 37.10 LO0208-0000 MONTHLY SERVICE
01 IV R6011401 1/01/96 30 37.10 37.10 LO0108-0000 MONTHLY SERVICE
----------
148.40
20724 LONE STAR STEAKHOUSE #6404 3343 SW ARCHER ROAD GAINESVILLE
01 IV DM1 8/15/95 12 350.00 350.00 10 M0 @ $35
01 IV DM2 8/15/95 13 21.00 21.00 TX
----------
371.00
20725 LONE STAR STEAKHOUSE #6409 3410 COLLEGE ROAD OCALA
01 IV M0695064 6/16/95 40 55.00 55.00
01 IV DM2 8/15/95 13 21.00 21.00 TAX
01 IV DM1 8/15/95 12 350.00 350.00 10 M0 @ $35
----------
426.00
19892 LONG JOHN SILVER 10303 US HIGHWAY 441 SO BELLEVIEW
01 IV M1295219 12/28/95 40 71.05 71.05
01 IV R6011191 1/01/96 10 40.81 40.81 LO0107-0000 MONTHLY SERVICE
----------
111.86
20061 LONG JOHN SILVERS ATTN: RETAIL ACCOUNTS PO BOX 11988 LEXINGTON
01 IV R6011381 1/01/96 10 41.00 41.00 LO0484-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 68
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20061 LONG JOHN SILVERS ATTN: RETAIL ACCOUNTS PO BOX 11988 LEXINGTON
01 IV R6011373 1/01/96 10 41.33 41.33 LO0104-0000 MONTHLY SERVICE
O1 IV R6011374 1/01/96 10 45.10 45.10 LO0124-0000 MONTHLY SERVICE
01 IV R6011375 1/01/96 10 37.57 37.57 LO0204-0000 MONTHLY SERVICE
01 IV R6011377 1/01/96 10 41.53 41.53 LO0304-0000 MONTHLY SERVICE
01 IV R6011378 1/01/96 10 42.35 42.35 LO0403-0000 MONTHLY SERVICE
01 IV R6011379 1/01/96 10 49.37 49.37 LO0464-0000 MONTHLY SERVICE
01 IV R6011380 1/01/96 10 45.10 45.10 LO0474-0000 MONTHLY SERVICE
01 IV R6011376 1/01/96 10 52.72 52.72 LO0214-0000 MONTHLY SERVICE
---------
396.07
18941 LOWE'S #182 117 ALTAMA CONNECTOR BRUNSWICK
01 IV R6010116 1/01/96 10 35.00 35.00 LO0113-0000 MONTHLY SERVICE
----------
35.00
19995 LOWE'S #998 3535 SW 36TH AVENUE OCALA
01 IV R5091317 9/01/95 10 37.10 37.10 LO0307-0000 MONTHLY SERVICE
----------
37.10
19800 LUBI'S 11633 BEACH BLVD JACKSONVILLE
01 IV R5120972 12/01/95 10 42.60 42.60 LU0114-0000 MONTHLY SERVICE
01 IV R5120973 12/01/95 10 42.60 42.60 LU0124-0000 MONTHLY SERVICE
01 IV R5120974 12/01/95 10 42.60 42.60 LU0134-0000 MONTHLY SERVICE
01 IV R6010972 1/01/96 10 42.60 42.60 LU0114-0000 MONTHLY SERVICE
01 IV R6010973 1/01/96 10 42.60 42.60 LU0124-0000 MONTHLY SERVICE
01 IV R6010974 1/01/96 10 42.60 42.60 LU0134-0000 MONTHLY SERVICE
---------
255.60
13100 LURIA'S & SONS ACCOUNTS PAYABLE 5770 MIAMI LAKES DRIVE MIAMI LAKES
01 IV R5121232 12/01/95 10 37.28 37.28 LU0110-0000 MONTHLY SERVICE
01 IV R5121233 12/01/95 10 37.28 37.28 LU0120-0000 MONTHLY SERVICE
01 IV R6011230 1/01/96 10 37.28 37.28 LU0110-0000 MONTHLY SERVICE
01 IV R6011231 1/01/96 10 37.28 37.28 LU0120-0000 MONTHLY SERVICE
---------
149.12
18357 LURIA'S #141 10500 SAN JOSE BLVD. JACKSONVILLE
01 IV M1195031 11/06/95 40 55.00 55.00
----------
55.00
17820 LYNN'S HALLMARK SHOP 6409 NEWBERRY ROAD GAINESVILLE
01 IV R6011131 1/01/96 10 51.66 51.66 LY0204-0000 MONTHLY SERVICE
----------
51.66
21174 M & C ELECTRIC CO. ROUTE 1 BOX 241 LAKE CITY
01 IV M1295141 12/15/95 40 8,974.35 8,974.35
----------
8,974.35
20089 MACEDONIA BAPTIST CHURCH 8081 LEN0X AVENUE JACKSONVILLE
01 IV M12905033 12/05/95 40 220.00 220.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 69
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20089 MACEDONIA BAPTIST CHURCH 8081 LENOX AVENUE JACKSONVILLE
01 IV M1295089 12/08/95 40 213.70 213.70
01 IV M1295202 12/27/95 40 177.42 177.42
----------
611.12
21123 MADEIRA BAPTIST CHURCH 530 MADEIRA DRIVE ORANGE PARK
01 UC UC-3154 11/08/95 1,000.00- 1,000.00-
----------
1,000.00-
20942 MAGNOLIA BLUFF FACTORY ONE MAGNOLIA BLUFF WAY #F110 DARIEN,
SHOPPES 01 IV M1295018 12/01/95 40 79.50 79.50
01 IV M1295084 12/08/95 40 47.70 47.70
01 IV R6010050 1/01/96 10 65.00 65.00 MA0060-0000 MONTHLY SERVICE
----------
192.20
17520 MAGNOLIA POINT COUNTRY CLUB 3699 HARBOR ROAD GREEN COVE SPRINGS
01 IV R5100210 10/01/95 10 155.36 155.36 MA0054-0000 MONTHLY SERVICE
01 IV R5110209 11/01/95 10 155.36 155.36 MA0054-0000 MONTHLY SERVICE
01 IV R5120213 12/01/95 10 155.36 155.36 MA0054-0000 MONTHLY SERVICE
01 IV R6010216 1/01/96 10 88.28 88.28 MA0054-0000 MONTHLY SERVICE
----------
554.36
544 MAIDENFORM, INC. 11820 CENTRAL PARKWAY JACKSONVILLE
01 IV R6010773 1/01/96 10 186.38 186.38 MA0104-0000 MONTHLY SERVICE
----------
186.38
2595 MAIDENFORM, INC. 6500 YOUNGERMAN CIRCLE JACKSONVILLE
01 IV R6010953 1/01/96 10 210.87 210.87 MA0204-0000 MONTHLY SERVICE
----------
210.87
18621 MAIL WELL ENVELOPE CO. 5406 WEST FIRST STREET PO BOX 37007 JACKSONVILLE
01 IV R6010922 1/01/96 10 69.23 69.23 MA0140-0000 MONTHLY SERVICE
----------
69.23
12185 MAIN STREET CHEVROLET 2600 N. MAIN STREET GAINESVILLE
01 IV R6011109 1/01/96 10 54.53 54.53 BE0154-0000 MONTHLY SERVICE
----------
54.53
20118 MANATEE RAYS 314 NORTH FIRST STREET JACKSONVILLE BEACH
01 IV R5100999 10/01/95 10 178.39 103.51 MA0110-0000 MONTHLY SERVICE
01 IV R5111000 11/01/95 10 178.39 178.39 MA0110-0000 MONTHLY SERVICE
01 IV R5121005 12/01/95 10 178.39 178.39 MA0110-0000 MONTHLY SERVICE
01 IV R6011004 1/01/96 10 178.39 178.39 MA0110-0000 MONTHLY SERVICE
----------
638.68
18115 MANDARIN CORNERS SHOPPING C/O BARRE MGMT GROUP INC. 201 ALLEN ROAD #400 ATLANTA
CENT 01 IV R6010027 1/01/96 10 115.55 115.55 MA0314-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 70
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
115.55
13115 MANDARIN LANDING C/O LAT PURSER & ASSOCIATES 10601-119 SAN JOSE BLVD JACKSONVILLE
01 IV R6010812 1/01/96 10 100.93 100.93 MA0300-0000 MONTHLY SERVICE
--------
100.93
14540 MARINA HOTEL 1515 PRUDENTIAL DRIVE JACKSONVILLE
01 IV R5120615 12/01/95 10 255.60 255.60 SH0600-0000 MONTHLY SERVICE
01 IV R6010613 1/01/96 10 255.60 255.60 SH0600-0000 MONTHLY SERVICE
--------
511.20
13140 MARINELAND, INC. 9507 OCEAN SHORE BLVD MARINELAND
01 IV R5110363 11/01/95 10 74.90 74.90 MA0670-0000 MONTHLY SERVICE
01 IV R5120371 12/01/95 10 74.90 74.90 MA0670-0000 MONTHLY SERVICE
01 IV R6010369 1/01/96 10 74.90 74.90 MA0670-0000 MONTHLY SERVICE
--------
224.70
19895 MARION COMMUNITY HOSPITAL 1431 SW 1ST AVE PO BOX 2200 OCALA
01 IV R6011330 1/01/96 10 40.81 40.81 MA0107-0000 MONTHLY SERVICE
--------
40.81
19896 MARKET OF MARION 12888 US 441 SE BELLEVIEW
01 IV M1295177 12/21/95 40 64.24 64.24
01 IV M1295207 12/27/95 40 94.50 94.50
01 IV R6011192 1/01/96 10 83.74 83.74 MA0207-0000 MONTHLY SERVICE
--------
242.48
17262 MARKET SQUARE MALL 3637 PHILLIPS HIGHWAY JACKSONVILLE
01 IV R5120616 12/01/95 10 47.93 47.93 MA0764-0000 MONTHLY SERVICE
01 IV R6010614 1/01/96 10 47.93 47.93 MA0764-0000 MONTHLY SERVICE
--------
95.86
13155 MARKS GRAY CONROY & GIBBS 1200 GULF LIFE DR. & MAIN ST. POST OFFICE BOX 447 JACKSONVILLE
01 IV R6010455 1/01/06 10 76.63 76.63 MA0810-0000 MONTHLY SERVICE
--------
76.63
17282 MARON & SONS FURNITURE 11173 BEACH BLVD JACKSONVILLE
01 IV R6010774 1/01/96 10 51.55 51.55 MA0404-0000 MONTHLY SERVICE
--------
51.55
17824 MARRIOTT AT SAWGRASS 1000 TPC BLVD. PONTE VEDRA BEACH
01 IV R5120319 12/01/95 10 315.88 315.88 MA0420-0000 MONTHLY SERVICE
01 IV M1295191 12/22/95 40 345.02 345.02
01 IV R6010319 1/01/96 10 315.88 315.88 MA0420-0000 MONTHLY SERVICE
--------
976.78
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 71
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
17341 MARRIOTT HOTEL SOUTHPOINT 4670 SALISBURY ROAD JACKSONVILLE
01 IV R5120788 12/01/95 10 190.10 190.10 MA0790-0000 MONTHLY SERVICE
01 IV R6010775 1/01/96 10 190.10 190.10 MA0790-0000 MONTHLY SERVICE
---------
380.20
18451 MARSH CREEK COUNTRY CLUB 169 MARSH SIDE DRIVE ST AUGUSTINE
01 IV R6010343 1/01/96 10 79.50 79.50 MA0120-0000 MONTHLY SERVICE
---------
79.50
17417 MARSH LANDING COUNTRY CLUB 25655 MARSH LANDING PARKWAY PONTE VEDRA BEACH
01 IV R6010320 1/01/96 10 107.06 107.06 MA0800-0000 MONTHLY SERVICE
---------
107.06
19038 MARSH LANDING REALTY OFFICE 25500 MARSH LANDING PONTE VEDRA BEACH
01 IV R6010321 1/01/96 10 62.01 62.01 MA0310-0000 MONTHLY SERVICE
---------
62.01
20910 MARSH LANDING TENNIS CENTER 25655 MARSH LANDING PARKWAY PONTE VEDRA BEACH
01 IV R6010322 1/01/96 20 185.50 185.50 MA0166-0000 MONTHLY SERVICE
---------
185.50
20095 MARTY'S SEAFOOD/STEAK HOUSE 2703 PONCE DELEON BOULEVARD ST. AUGUSTINE
01 IV R5120346 12/01/95 10 37.10 37.10 MA0150-0000 MONTHLY SERVICE
01 IV R6010344 1/01/96 10 37.10 37.10 MA0150-0000 MONTHLY SERVICE
---------
74.20
13165 MATHENY IMPORTS, INC. 10277 ATLANTIC BLVD JACKSONVILLE
01 IV R6010850 1/01/96 10 66.14 66.14 MA0604-0000 MONTHLY SERVICE
---------
66.14
18520 MATTINGLY'S CHARCOAL GRILL 1526 EDGEWOOD AVENUE WEST JACKSONVILLE
01 IV R6010638 1/01/96 10 42.60 42.60 MA0114-0000 MONTHLY SERVICES
---------
42.60
21090 MAY'S DRAGON 1311 ATLANTIC BOULEVARD JACKSONVILLE
01 IV M1095094 10/13/95 40 55.00 55.00
01 IV M1295095 12/08/95 40 110.49 110.49
---------
165.49
20301 MCALPIN, BUDDY, M.D. 1542 KINGSLEY AVENUE ORANGE PARK
01 IV R6010275 1/01/96 10 48.15 48.15 MC2500-0000 MONTHLY SERVICE
---------
48.15
462 MCDONALD'S 435 ATLANTIC BLVD ATLANTIC BEACH
01 IV R6010895 1/01/96 10 31.95 31.95 MC1134-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 72
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
31.95
842 MCDONALD'S 909 DUNN AVENUE JACKSONVILLE
01 IV R5120842 12/01/95 10 31.95 31.95 MC0704-0000 MONTHLY SERVICE
01 IV R6010828 1/01/96 10 31.95 31.95 MC0704-0000 MONTHLY SERVICE
----------
63.90
13250 MCDONALD'S 1722 DAVIS STREET JACKSONVILLE
01 IV R5100633 10/01/95 10 31.95 31.95 MC0414-0000 MONTHLY SERVICE
01 IV R5100634 10/01/95 10 41.00 41.00 MC0800-0000 MONTHLY SERVICE
01 IV R5100635 10/01/95 10 31.95 31.95 MC2200-0000 MONTHLY SERVICE
01 IV R5110635 11/01/95 10 31.95 31.95 MC2200-0000 MONTHLY SERVICE
01 IV R5110633 11/01/95 10 31.95 31.95 MC0414-0000 MONTHLY SERVICE
01 IV R5110634 11/01/95 10 41.00 41.00 MC0800-0000 MONTHLY SERVICE
01 IV R5120646 12/01/95 10 31.95 31.95 MC0414-0000 MONTHLY SERVICE
01 IV R5120647 12/01/95 10 41.00 41.00 MC0800-0000 MONTHLY SERVICE
01 IV R5120648 12/01/95 10 31.95 31.95 MC2200-0000 MONTHLY SERVICE
01 IV R6010645 1/01/96 10 31.95 31.95 MC0414-0000 MONTHLY SERVICE
01 IV R6010646 1/01/96 10 41.00 41.00 MC0800-0000 MONTHLY SERVICE
01 IV R6010647 1/01/96 10 31.95 31.95 MC2200-0000 MONTHLY SERVICE
----------
419.60
18469 MCDONALD'S 11130 LEM TURNER ROAD JACKSONVILLE
01 IV R5120841 12/01/96 10 31.95 31.95 MC0254-0000 MONTHLY SERVICE
01 IV R6010827 1/01/96 10 31.95 31.95 MC0254-0000 MONTHLY SERVICE
----------
63.90
18738 MCDONALD'S NAVAL STATION, BLDG #104B USS STONEWALL JACKSON STREET KINGS BAY
01 IV R6010166 1/01/96 10 38.50 38.50 MCO413-0000 MONTHLY SERVICE
----------
38.50
19047 MCDONALD'S % NAS MANAGEMENT P.O. BOX 10695 JACKSONVILLE
01 IV R6010984 1/01/96 10 31.95 31.95 MC1064-0000 MONTHLY SERVICE
01 IV R6010985 1/01/96 10 31.95 31.95 MC1074-0000 MONTHLY SERVICE
01 IV R6010986 1/01/96 10 31.95 31.95 MC1144-0000 MONTHLY SERVICE
----------
95.85
19198 MCDONALD'S 6011 HABERSHAM STREET BRUNSWICK
01 IV R6010117 1/01/96 10 38.50 38.50 MC0103-0000 MONTHLY SERVICE
01 IV R6010118 1/01/96 10 38.50 38.50 MC0203-0000 MONTHLY SERVICE
01 IV R6010119 1/01/96 10 38.50 38.50 MC0403-0000 MONTHLY SERVICE
----------
115.50
19301 MCDONALD'S 9425 CONIFER ROAD JACKSONVILLE
01 IV R6011074 1/01/96 10 41.00 41.00 MC0264-0000 MONTHLY SERVICE
----------
41.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 2
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19402 MCDONALD'S C\O EDDY CORPORATION 708 W. GRANADA BLVD. ORMOND BEACH
01 IV R6010425 1/01/96 10 31.95 31.95 MC0104-0000 MONTHLY SERVICE
01 IV R6010426 1/01/96 10 40.81 40.81 MC0234-0000 MONTHLY SERVICE
01 IV R6010427 1/01/96 10 31.95 31.95 MC0304-0000 MONTHLY SERVICE
01 IV R6010428 1/01/96 10 31.95 31.95 MC0504-0000 MONTHLY SERVICE
01 IV R6010429 1/01/96 10 40.81 40.81 MC0600-0000 MONTHLY SERVICE
01 IV R6010430 1/01/96 10 38.50 38.50 MC0603-0000 MONTHLY SERVICE
01 IV R6010431 1/01/96 10 41.00 41.00 MC0604-0000 MONTHLY SERVICE
01 IV R6010432 1/01/96 10 40.81 40.81 MC0810-0000 MONTHLY SERVICE
01 IV R6010433 1/01/96 10 31.95 31.95 MC1004-0003 MONTHLY SERVICE
01 IV R6010434 1/01/96 10 31.95 31.95 MC1034-0000 MONTHLY SERVICE
01 IV R6010435 1/01/96 10 40.81 40.81 MC1084-0000 MONTHLY SERVICE
01 IV R6010439 1/01/96 10 40.81 40.81 MC4014-0000 MONTHLY SERVICE
01 IV R6010436 1/01/96 10 40.81 40.81 MC1154-0000 MONTHLY SERVICE
01 IV R6010437 1/01/96 10 40.81 40.81 MC1164-0000 MONTHLY SERVICE
01 IV R6010438 1/01/96 10 41.20 41.20 MC3600-0000 MONTHLY SERVICE
----------
566.12
19525 MCDONALD'S C/O STREICHER RIVER INC. ROUTE 13 BOX 185 LAKE CITY
01 IV R6010230 1/01/96 10 245.83 245.83 MC1300-0000 MONTHLY SERVICE
----------
245.83
19813 MCDONALD'S RALPH & JILL INC. 3017 GOLDEN EAGLE DRIVE TALLAHASSEE
01 IV R6011096 1/01/96 10 48.52 48.52 MC3100-0000 MONTHLY SERVICE
01 IV R6011097 1/01/96 10 48.52 48.51 MC3200-0000 MONTHLY SERVICE
----------
97.04
19898 MCDONALD'S 11232 N. WILLIAMS ST. DUNNELLON
01 IV R5121284 12/01/95 10 47.70 47.70 MC0207-0000 MONTHLY SERVICE
01 IV R6011283 1/01/96 10 47.70 47.70 MC0207-0000 MONTHLY SERVICE
----------
95.40
19899 MCDONALD'S 8240 US 200 SE OCALA
01 IV R6011318 1/01/96 10 47.70 47.70 MC0307-0000 MONTHLY SERVICE
----------
47.70
20013 MCDONALD'S C/O LAWSON FOODS PO BOX 1929 WILDWOOD
01 IV R5111335 11/01/95 10 58.30 58.30 MC0107-0000 MONTHLY SERVICE
01 IV R5121348 12/01/95 10 58.30 58.30 MC0107-0000 MONTHLY SERVICE
01 IV R6011346 1/01/96 10 58.30 58.30 MC0107-0000 MONTHLY SERVICE
----------
174.90
20401 MCDONALD'S PO BOX 1835 ORANGE PARK
01 IV R6010261 1/01/96 10 31.95 31.95 MC1044-0000 MONTHLY SERVICE
01 IV R6010262 1/01/96 10 31.95 31.95 MC1054-0000 MONTHLY SERVICE
01 IV R6011263 1/01/96 10 32.10 32.10 MC1094-0000 MONTHLY SERVICE
01 IV R6010264 1/01/96 10 31.95 31.95 MC1800-0000 MONTHLY SERVICE
01 IV R6010265 1/01/96 10 31.95 31.95 MC2014-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 74
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------
159.90
20637 MCDONALD'S 7822 N W 50TH STREET GAINESVILLE
01 IV R5121198 12/01/95 10 40.81 40.81 MC0130-0000 MONTHLY SERVICE
01 IV R6011197 1/01/96 10 40.81 40.81 MC0130-0000 MONTHLY SERVICE
--------
81.62
20728 MCDONALD'S 120 LIBERTY STREET HINESVILLE
01 IV R6010054 1/01/96 10 38.50 38.50 MC0140-0000 MONTHLY SERVICE
--------
38.50
13225 MCDONALD'S - BLANDING ROG-LIN ASSOCIATES 4227 BLANDING BLVD JACKSONVILLE
01 IV R6010680 1/01/96 10 31.95 31.95 MC0194-0000 MONTHLY SERVICE
--------
31.95
6760 MCDONALD'S - WAYCROSS 2304 MEMORIAL DRIVE WAYCROSS
01 IV R6010066 1/01/96 10 43.50 43.50 MC0303-0000 MONTHLY SERVICE
--------
43.50
18690 MCDONALD'S #1121 1083 BLANDING BOULEVARD ORANGE PARK
01 IV R6010253 1/01/96 10 41.20 41.20 MC0170-0000 MONTHLY SERVICE
--------
41.20
20430 MCDONALD'S #13495 2303 DEMERE ROAD ST. SIMON'S ISLAND
01 IV R6010147 1/01/96 10 38.50 38.50 MC1210-0000 MONTHLY SERVICE
--------
38.50
20699 MCDONALD'S #1738 11230 ST. AUGUSTINE ROAD JACKSONVILLE
01 IV R6011075 1/01/96 10 31.95 31.95 MC0244-0000 MONTHLY SERVICE
--------
31.95
16195 MCDONALD'S #2799 428 PARK AVENUE ORANGE PARK
01 IV R6010268 1/01/96 10 32.10 32.10 MC0164-0000 MONTHLY SERVICE
--------
32.10
486 MCDONALD'S #3618 1910 WELLS ROAD # A-6 ORANGE PARK
01 IV R6010287 1/01/96 10 32.10 32.10 MC1024-0000 MONTHLY SERVICE
--------
32.10
17701 MCDONALD'S #4463 2707 MONUMENT ROAD JACKSONVILLE
01 IV R5120863 12/01/95 10 31.95 31.95 MC1104-0000 MONTHLY SERVICE
01 IV R6010851 1/01/96 10 31.95 31.95 MC1104-0000 MONTHLY SERVICE
--------
63.90
18779 MCDONALD'S #4892 ATTN: JACK LIMA 6001 N. MAIN STREET JACKSONVILLE
01 IV R5120640 12/01/95 10 31.95 31.95 MC1484-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 75
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
18779 MCDONALD'S #4892 ATTN: JACK LIMA 6001 N. MAIN STREET JACKSONVILLE
01 IV R6010639 1/01/96 10 31.95 31.95 MC1484-0000 MONTHLY SERVICE
----------
63.90
545 MCDONALD'S #5615 372 BLANDING BLVD ORANGE PARK
01 IV R6010288 1/01/96 10 32.10 32.10 MC0154-0000 MONTHLY SERVICE
----------
32.10
20700 MCDONALD'S #6737 11682 SAN JOSE BLVD JACKSONVILLE
01 IV R6010776 1/01/96 10 31.95 31.95 MC0114-0000 MONTHLY SERVICE
----------
31.95
13210 MCDONALD'S #6910 SR #40 & I-95 PO BOX 1630 KINGSLAND
01 IV M1295148 12/19/95 40 55.00 55.00
----------
55.00
20171 MCDONALD'S RESTAURANT ST. AUGUSTINE PARTNERSHIP 38 HOPE STREET ST AUGUSTINE
OFFICE 01 IV R6010346 1/01/96 10 31.80 31.80 MC0174-0000 MONTHLY SERVICE
01 IV R6010347 1/01/96 10 31.80 31.80 MC0184-0000 MONTHLY SERVICE
01 IV R6010348 1/01/96 10 31.80 31.80 MC1414-0000 MONTHLY SERVICE
01 IV R6010345 1/01/96 10 31.80 31.80 MC0120-0000 MONTHLY SERVICE
----------
127.20
19611 MCDONALDS 11310 BEACH BLVD JACKSONVILLE
01 IV R5120783 12/01/95 10 31.95 31.95 MC0404-0000 MONTHLY SERVICE
01 IV R5120784 12/01/95 10 31.95 31.95 MC1114-0000 MONTHLY SERVICE
01 IV R5120785 12/01/95 10 41.00 41.00 MC1124-0000 MONTHLY SERVICE
01 IV R5120782 12/01/95 10 31.95 31.95 MC0224-0000 MONTHLY SERVICE
01 IV R6010769 1/01/96 10 31.95 31.95 MC0224-0000 MONTHLY SERVICE
01 IV R6010770 1/01/96 10 31.95 31.95 MC0404-0000 MONTHLY SERVICE
01 IV R6010771 1/01/96 10 31.95 31.95 MC1114-0000 MONTHLY SERVICE
01 IV R6010772 1/01/96 10 41.00 41.00 MC1124-0000 MONTHLY SERVICE
----------
273.70
20498 MCDONALDS 944 MAPLE RIDGE COURT ORANGE PARK
01 IV R6010252 1/01/96 10 41.20 41.20 MC0110-0000 MONTHLY SERVICE
----------
41.20
20891 MCDONALDS DBA MCDONALDS PO BOX 6280 FERNANDINA BEACH
01 IV R6010207 1/01/96 10 40.81 40.81 MC0214-0000 MONTHLY SERVICE
01 IV R6010208 1/01/96 10 40.81 40.81 MC2110-0000 MONTHLY SERVICE
----------
81.62
20863 MCGUREN INVESTMENTS PO BOX 2900 GAINESVILLE
01 IV R5121121 12/01/95 10 47.70 47.70 FI0115-0000 MONTHLY SERVICE
01 IV R6011120 1/01/96 10 47.70 47.70 FI0115-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 76
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
95.40
13295 MEEK & MCLEOD, CPA'S 3250 BEACH BLVD JACKSONVILLE
01 IV R6010615 1/01/96 10 59.12 59.12 ME0100-0000 MONTHLY SERVICE
----------
59.12
20579 MEETING PLACE 278 PALM COAST PARKWAY PALM COAST
01 UC UC-1626 11/20/95 67.86- 67.86-
01 IV R5120424 12/01/95 30 68.90 68.90 ME0138-0000 MONTHLY SERVICE
01 IV R6010423 1/01/96 30 68.90 68.90 ME0138-0000 MONTHLY SERVICE
----------
69.94
2624 MELTING POT 450 BLANDING BLVD ORANGE PARK
01 IV R6010289 1/01/96 10 49.22 49.22 ME0104-0000 MONTHLY SERVICE
----------
49.22
20492 MELTING POT 301 10TH AVENUE NORTH JACKSONVILLE BEACH
01 UC UC-2161 12/06/95 47.93- 47.93-
01 IV R6011005 1/01/96 10 47.93 47.93 ME0110-0000 MONTHLY SERVICE
----------
2331 MEMORIAL HOSPITAL IMAGING & X-RAY DEPARTMENT 3625 UNIVERSITY BLVD S. PO BOX 16325
01 IV R5100782 10/01/95 10 74.55 74.55 RE0150-0000 MONTHLY SERVICE
01 IV R5110781 11/01/95 10 74.55 74.55 RE0150-0000 MONTHLY SERVICE
01 IV R5120790 12/01/95 10 74.55 74.55 RE0150-0000 MONTHLY SERVICE
01 IV R6010777 1/01/96 10 74.55 74.55 RE0150-0000 MONTHLY SERVICE
----------
298.20
19766 MEMORIAL MEDICAL INFORMATION SERVICES DEPARTMENT 3625 UNIVERSITY BLVD S. PO BOX 16325
CENTER 01 UC UC-986124 7/21/95 925.02- 525.61-
01 IV R5120791 12/01/95 10 58.58 58.58 ME0170-0000 MONTHLY SERVICE
01 IV R6010778 1/01/96 10 58.58 58.58 ME0170-0000 MONTHLY SERVICE
----------
408.45-
21125 MENTAL HEALTH 4300 SW 13TH STREET GAINSVILLE
SERVICES, INC. 01 UC UC-75544 11/20/95 625.00- 625.00-
----------
625.00-
19506 MERRILL FAMILY HEALTH 9119 MERRILL ROAD #23 JACKSONVILLE
CARE 01 IV R5120716 12/01/95 10 38.00 38.00 ME0120-0000 MONTHLY SERVICE
01 IV R6010712 1/01/96 10 38.00 38.00 ME0120-0000 MONTHLY SERVICE
----------
76.00
19789 MERRILL LYNCH 4802 DEER LAKE DRIVE EAST JACKSONVILLE
01 IV R5120975 12/01/95 30 106.50 106.50 ME0148-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 77
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19789 MERRILL LYNCH 4802 DEER LAKE DRIVE EAST JACKSONVILLE
01 IV R6010975 1/01/96 30 106.50 106.50 ME0148-0000 MONTHLY SERVICE
----------
213.00
21082 MERVIN, ROBERT 01 IV M1295106 12/12/95 40 1,275.87 1,275.87
----------
1,275.87
13310 METHODIST HOSPITAL ATTN: JIM SANDERS 580 WEST 8TH STREET JACKSONVILLE
01 IV R5120649 12/01/95 10 88.78 88.78 ME0500-0000 MONTHLY SERVICE
01 IV R6011648 1/01/96 10 230.00 230.00 ME0500-0000 MONTHLY SERVICE
----------
318.78
14330 METHODIST HOSPITAL PROFESSIONAL BUILDING ATTN: CHARLENE REESE 580 WEST 8TH STREET
01 UC UC-9602 11/14/94 44.97- 44.97-
01 UC UC-9632 12/02/94 44.97- 44.97-
01 UC UC-9672 1/06/95 44.97- 44.97-
01 UC UC-9702 2/02/95 44.97- 44.97-
01 UC UC-9733 3/03/95 44.97- 44.97-
01 UC UC-9772 4/10/95 44.97- 44.97-
01 UC UC-9808 5/05/95 44.97- 44.97-
01 UC UC-9839 6/02/95 44.97- 44.97-
01 UC UC-9874 7/06/95 44.97- 44.97-
01 UC UC-9913 8/02/95 44.97- 44.97-
----------
449.70-
17357 METHODIST HOSPITAL ATTN: SARAH REED 580 WEST 8TH STREET JACKSONVILLE
PAVILLION 01 IV R5120650 12/01/95 82.50 82.50 ME0510-0000 MONTHLY SERVICE
----------
82.50
19566 MIAMI SUBS 8384 BAYMEADOWS ROAD #11-B JACKSONVILLE
01 IV M1095086 10/12/95 40 161.35 161.35
01 IV M1195064 11/09/95 40 158.69 158.69
01 IV R5121055 12/01/95 10 47.93 47.93 MI0180-0000 MONTHLY SERVICE
01 IV R5121053 12/01/95 10 42.60 42.60 MI0124-0000 MONTHLY SERVICE
01 IV R5121054 12/01/95 10 42.80 42.80 MI0134-0000 MONTHLY SERVICE
01 IV R6121052 12/01/95 10 42.60 42.60 MI0104-0000 MONTHLY SERVICE
01 IV R6011052 1/01/96 10 42.60 42.60 MI0124-0000 MONTHLY SERVICE
01 IV R6011053 1/01/96 10 42.80 42.80 MI0134-0000 MONTHLY SERVICE
01 IV R6011054 1/01/96 10 47.93 47.93 MI0180-0000 MONTHLY SERVICE
01 IV R6011051 1/01/96 10 42.60 42.60 MI0104-0000 MONTHLY SERVICE
----------
671.90
20364 MIAMI SUBS 3518 SW ARCHER ROAD GAINESVILLE
01 IV R6011157 1/01/96 10 47.70 47.70 MI0130-0000 MONTHLY SERVICE
----------
47.70
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 78
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- -------------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20654 MIAMI SUBS 2175 E. SILVER SPRINGS BLVD. OCALA
01 IV R5121293 12/01/95 10 47.70 47.70 MI0140-000 MONTHLY SERVICE
01 IV R6011292 1/01/96 10 47.70 47.70 MI0140-000 MONTHLY SERVICE
----------
95.40
20872 MIAMI SUBS 3558-100 SW COLLEGE ROAD OCALA
01 IV M0695187 6/26/95 40 5,090.12 2,404.60
01 IV DM2 6/27/95 13 2.70 2.70 TAX
01 IV DM1 6/27/95 15 45.00 45.00 S/B NEW 7/95
01 IV R5081329 8/01/95 10 47.70 47.70 MI0190-000 MONTHLY SERVICE
01 IV R5091309 9/01/95 10 47.70 47.70 MI0190-000 MONTHLY SERVICE
01 IV R5101309 10/01/95 10 47.70 47.70 MI0190-000 MONTHLY SERVICE
01 IV R5111308 11/01/95 10 47.70 47.70 MI0190-000 MONTHLY SERVICE
01 IV R5121322 12/01/95 10 47.70 47.70 MI0190-000 MONTHLY SERVICE
01 IV R6011319 1/01/96 10 47.70 47.70 MI0190-000 MONTHLY SERVICE
----------
2,738.50
21139 MIKASA #125 ONE MAGNOLIA BLUFF WAY DARIEN
01 IV M1295083 12/08/95 40 2,345.78 2,345.78
----------
2,345.78
13105 MIKE DAVIDSON FORD 9650 ATLANTIC BLVD. JACKSONVILLE
01 IV R6010726 1/01/96 10 117.26 117.26 MI0114-0000 MONTHLY SERVICE
----------
117.26
20819 MIKE PARSONS SEAFOOD 11700-10 SAN JOSE BLVD. JACKSONVILLE
01 IV R5100845 10/01/95 10 69.23 69.23 MI0170-0000 MONTHLY SERVICE
01 IV R5110845 11/01/95 10 69.23 69.23 MI0170-0000 MONTHLY SERVICE
01 IV R5120851 12/01/95 10 69.23 69.23 MI0170-0000 MONTHLY SERVICE
01 IV R6010837 1/01/96 10 69.23 69.23 MI0170-0000 MONTHLY SERVICE
----------
276.92
14630 MIKE SHAD FORD 7700 BLANDING BLVD JACKSONVILLE
01 IV R6010954 1/01/96 10 193.14 193.14 MI0400-0000 MONTHLY SERVICE
----------
193.14
17491 MILLER ENTERPRISES 331 CENTRAL AVENUE CRESCENT CITY
01 IV R6010390 1/01/96 10 63.10 63.10 MI0100-0000 MONTHLY SERVICE
01 IV R6010391 1/01/96 10 91.49 91.49 MI0200-0000 MONTHLY SERVICE
01 IV R6010392 1/01/96 10 61.96 61.96 MI0600-0000 MONTHLY SERVICE
01 IV R6010393 1/01/96 10 71.23 71.23 MI0700-0000 MONTHLY SERVICE
----------
287.78
1021 MILLER'S #2867 HIGHWAY #17 SOUTH - PALATKA 331 CENTRAL AVENUE CRESCENT CITY
01 IV R6010394 1/01/96 10 91.64 91.64 ST0900-0000 MONTHLY SERVICE
----------
91.64
13335 MILLER'S #3238 HIGHWAY #20 INTERLACHEN 331 CENTRAL AVENUE CRESCENT CITY
ACCOUNTS PAYABL 01 IV R6010395 1/01/96 10 57.72 57.72 MI0500-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 79
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
57.72
20111 MILLHOPPER CAFE 5200 NW 43RD STREET GAINESVILLE
01 IV R6011138 1/01/96 10 58.30 58.30 MI0160-0000 MONTHLY SERVICE
----------
58.30
20386 MILLHOPPER MEDICAL 4011 NW 43RD STREET GAINESVILLE
CENTER 01 IV R6011139 1/01/96 10 53.00 53.00 MI0120-0000 MONTHLY SERVICE
----------
53.00
20072 MOM & POP'S BUFFET/ 2005 US HIGHWAY #1 SOUTH ST. AUGUSTINE
BAKERY #411 01 IV R6010370 1/01/96 10 58.30 58.30 MO0110-0000 MONTHLY SERVICE
----------
58.30
19519 MOM'S KITCHEN 1624 EDGEWOOD ROAD W. JACKSONVILLE
01 IV R6010640 1/01/96 10 53.25 53.25 MO0120-0000 MONTHLY SERVICE
----------
53.25
2201 MONY FINANCIAL 7899 BAYMEADOWS WAY JACKSONVILLE
SERVICES 01 IV R6011035 1/01/96 10 53.11 53.11 MU0200-0000 MONTHLY SERVICE
----------
53.11
20789 MORRISON'S 100 MALL BOULEVARD BRUNSWICK
01 IV R6010120 1/01/96 10 35.00 35.00 MO0140-0000 MONTHLY SERVICE
----------
35.00
13350 MORRISON'S #4085 OAKS MALL 6401 NEWBERRY ROAD GAINESVILLE
01 IV R6011132 1/01/96 10 76.32 76.32 MO0105-0000 MONTHLY SERVICE
----------
76.32
13390 MORRISON'S #4465 PONCE DE LEON MALL 2121 US HIGHWAY 1 SOUTH ST. AUGUSTINE
01 IV R6010371 1/01/96 10 66.71 66.71 MO1400-0000 MONTHLY SERVICE
----------
66.71
19901 MORRISON'S #4473 3100 SW COLLEGE ROAD OCALA
01 IV R6011293 1/01/96 10 59.89 59.89 MO0107-0000 MONTHLY SERVICE
----------
59.89
13380 MORRISON'S #4788 9805 ATLANTIC BLVD JACKSONVILLE
01 IV R6010713 1/01/96 10 77.24 77.24 MO1100-0000 MONTHLY SERVICE
----------
77.24
19902 MORRISON'S #5371 1600 E. SILVER SPRINGS BLVD OCALA
01 IV R6011200 1/01/96 10 56.71 56.71 MO0207-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 80
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------
56.71
13375 MORRISON'S #5454 ORANGE PARK NORTH MALL 1909 WELLS ROAD ORANGE PARK
01 IV R6010290 1/01/96 10 64.90 64.90 MO1000-0000 MONTHLY SERVICE
--------
64.90
13355 MORRISON'S #5645 2620 N.W. 13TH STREET GAINESVILLE
01 IV R6011110 1/01/96 10 86.05 86.05 MO0205-0000 MONTHLY SERVICE
--------
86.05
18562 MOST HOLY REDEEMER CHURCH 8523 NORMANDY BOULEVARD JACKSONVILLE
01 UC UC-1897 12/19/95 125.00- 125.00-
01 IV M1295180 12/21/95 40 125.00 125.00
01 IV M1295174 12/21/95 40 55.00 55.00
--------
55.00
19397 MOUNTAIN BROOK INN 120 UNIVERSITY PARK DR #150 WINTER PARK
ASSOCIATES 01 IV R5121226 12/01/95 10 79.08 79.08 CR0510-0000 MONTHLY SERVICE
01 IV R6011224 1/01/96 10 79.08 79.08 CR0510-0000 MONTHLY SERVICE
--------
158.16
13400 MOVSOVITZ & SONS 3100 HILTON STREET POST OFFICE BOX 41565 JACKSONVILLE
01 IV R6010499 1/01/96 10 72.85 72.85 MO1600-0000 MONTHLY SERVICE
--------
72.85
21162 MTS TRAVEL 9143 PHILIPS HIGHWAY #195 JACKSONVILLE
01 IV R6011036 1/01/96 10 37.28 37.28 MT0100-0000 MONTHLY SERVICE
--------
37.28
20405 MULLET BAY 512 OCEAN BOULEVARD ST. SIMON'S ISLAND
01 IV R6010148 1/01/96 10 65.00 65.00 MU0100-0000 MONTHLY SERVICE
--------
65.00
19830 MUZAK 2901 THIRD AVE #400 SEATTLE
01 IV M0595224 5/17/95 40 180.20 180.20
--------
180.20
17648 MUZAK LIMITED PARTNERSHIP 2901 THIRD AVE #400 SEATTLE
01 IV M0795114 7/21/95 40 143.78 143.78
01 IV M1195032 11/06/95 40 135.00 135.00
01 IV M1195040 11/08/95 40 75.00 75.00
01 IV M1195118 11/29/95 40 40.00 40.00
01 IV M1295016 12/01/95 40 40.00 40.00
01 IV M1295017 12/01/95 40 75.00 75.00
01 IV M1295013 12/01/95 40 265.00 265.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 81
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
17648 MUZAK LIMITED 2901 THIRD AVE #400 SEATTLE
PARTNERSHIP 01 IV M1295015 12/01/95 40 150.00 150.00
01 IV M1295082 12/07/95 40 135.00 135.00
01 IV M1295087 12/08/95 40 307.40 307.40
01 IV M1295203 12/27/95 40 45.00 45.00
---------
1,411.18
21031 MUZAK/ARBY'S 2901 THIRD AVE #400 SEATTLE
01 IV R5101496 10/01/95 10 45.00 44.00 AR0170-0000 MONTHLY SERVICE
01 IV R5111490 11/01/95 10 45.00 44.00 AR0170-0000 MONTHLY SERVICE
01 IV R5121490 12/01/95 10 45.00 44.00 AR0170-0000 MONTHLY SERVICE
01 IV R6011527 1/01/96 10 44.00 44.00 AR0170-0000 MONTHLY SERVICE
01 IV R6011528 1/01/96 10 46.86 46.86 AR0190-0000 MONTHLY SERVICE
---------
222.86
21069 MUZAK/ARBY'S 2901 THIRD AVE #400 SEATTLE
01 IV R5111416 11/01/95 10 47.93 44.00 AR0190-0000 MONTHLY SERVICE
01 IV R5121418 12/01/95 10 47.93 44.00 AR0190-0000 MONTHLY SERVICE
---------
88.00
20384 MUZAK/BASS OUTLET 2901 THIRD AVE #400 SEATTLE
01 IV R5121420 12/01/95 10 45.00 54.00 BA1720-0000 MONTHLY SERVICE
01 IV R5121419 12/01/95 10 45.00 54.00 BA1710-0000 MONTHLY SERVICE
01 IV R6011415 1/01/96 10 54.00 54.00 BA1710-0000 MONTHLY SERVICE
01 IV R6011416 1/01/96 10 54.00 54.00 BA1720-0000 MONTHLY SERVICE
---------
216.00
19785 MUZAK/BIG LOTS 2901 THIRD AVE #400 SEATTLE
01 IV R5121421 12/01/95 10 40.00 40.00 BI0114-0000 MONTHLY SERVICE
01 IV R5121422 12/01/95 10 40.00 40.00 BI0124-0000 MONTHLY SERVICE
01 IV R5121424 12/01/95 10 35.00 35.00 BI0144-0000 MONTHLY SERVICE
01 IV R5121426 12/01/95 10 40.00 40.00 BI0160-0000 MONTHLY SERVICE
01 IV R5121427 12/01/95 10 40.00 40.00 BI0344-0000 MONTHLY SERVICE
01 IV R5121423 12/01/95 10 35.00 35.00 BI0134-0000 MONTHLY SERVICE
01 IV R5121425 12/01/95 10 35.00 35.00 BI0154-0000 MONTHLY SERVICE
01 IV R6011419 1/01/96 10 35.00 35.00 BI0134-0000 MONTHLY SERVICE
01 IV R6011421 1/01/96 10 35.00 35.00 BI0154-0000 MONTHLY SERVICE
01 IV R6011417 1/01/96 10 40.00 40.00 BI0114-0000 MONTHLY SERVICE
01 IV R6011420 1/01/96 10 35.00 35.00 BI0144-0000 MONTHLY SERVICE
01 IV R6011422 1/01/96 10 42.40 42.40 BI0160-0000 MONTHLY SERVICE
01 IV R6011418 1/01/96 10 40.00 40.00 BI0124-0000 MONTHLY SERVICE
01 IV R6011423 1/01/96 10 40.00 40.00 BI0344-0000 MONTHLY SERVICE
---------
532.40
19582 MUZAK/BROWN SHOES 2901 THIRD AVE #400 SEATTLE
01 IV R5111426 11/01/95 10 43.00 43.00 BR0114-4000 MONTHLY SERVICE
01 IV R5121428 12/01/95 10 43.00 43.00 BR0114-4000 MONTHLY SERVICE
01 IV R6011424 1/01/96 10 43.00 43.00 BR0114-4000 MONTHLY SERVICE
---------
129.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 82
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
21163 MUZAK/CATO 2901 THIRD AVE #400 SEATTLE
01 IV R6011529 1/01/96 10 35.00 35.00 CA0210-0000 MONTHLY SERVICE
----------
35.00
21152 MUZAK/CNA 2901 THIRD AVE #400 SEATTLE
01 IV R6011425 1/01/96 10 35.00 35.00 CNO110-0000 MONTHLY SERVICE
----------
35.00
20528 MUZAK/COMP USA 2901 THIRD AVE #400 SEATTLE
01 IV R5121429 12/01/95 10 45.00 45.00 CO0160-0000 MONTHLY SERVICE
01 IV R6011426 1/01/96 10 45.00 45.00 CO0160-0000 MONTHLY SERVICE
----------
90.00
21084 MUZAK/COMPUTER CITY ATTN: CELLA HECKMAN 2901 THIRD AVE #400 SEATTLE
01 IV R5111428 11/01/95 10 50.00 50.00 CO0110-0000 MONTHLY SERVICE
01 IV R5121430 12/01/95 10 50.00 50.00 CO0110-0000 MONTHLY SERVICE
01 IV R6011427 1/01/96 10 50.00 50.00 CO0110-0000 MONTHLY SERVICE
----------
150.00
19496 MUZAK/DENNY'S 2901 THIRD AVE #400 SEATTLE
01 IV R6011428 1/01/96 10 34.03 34.03 DE0107-0000 MONTHLY SERVICE
01 IV R6011429 1/01/96 10 238.21 238.21 DE0300-0000 MONTHLY SERVICE
----------
272.24
20563 MUZAK/DRESS BARN 2901 THIRD AVE #400 SEATTLE
01 IV R5111431 11/01/95 10 42.00 42.00 DR0120-0000 MONTHLY SERVICE
01 IV R5111432 11/01/95 10 26.50 26.50 DR0130-0000 MONTHLY SERVICE
01 IV R5111433 11/01/95 10 44.52 44.52 DRO140-0000 MONTHLY SERVICE
01 IV R5121434 12/01/95 10 26.50 26.50 DRO130-0000 MONTHLY SERVICE
01 IV R5121435 12/01/95 10 44.52 44.52 DR0140-0000 MONTHLY SERVICE
01 IV R5121433 12/01/95 10 42.00 42.00 DRO120-0000 MONTHLY SERVICE
01 IV R6011430 1/01/96 10 42.00 42.00 DR0120-0000 MONTHLY SERVICE
01 IV R6011431 1/01/96 10 42.00 42.00 DR0130-0000 MONTHLY SERVICE
01 IV R6011432 1/01/96 10 44.52 44.52 DR0140-0000 MONTHLY SERVICE
----------
354.56
19412 MUZAK/FAMOUS FOOTWEAR 2901 THIRD AVE #400 SEATTLE
01 IV R5111434 11/01/95 10 43.00 43.00 FA0107-0000 MONTHLY SERVICE
01 IV R5111435 11/01/95 10 43.00 43.00 FA0114-0000 MONTHLY SERVICE
01 IV R5111438 11/01/95 10 43.00 43.00 FA0124-0000 MONTHLY SERVICE
01 IV R5111440 11/01/95 10 43.00 43.00 FA0140-0000 MONTHLY SERVICE
01 IV R5111441 11/01/95 10 43.00 43.00 FA0144-0000 MONTHLY SERVICE
01 IV R5111436 11/01/95 10 43.00 43.00 FA0117-0000 MONTHLY SERVICE
01 IV R5111437 11/01/95 10 45.00 45.00 FA0120-0000 MONTHLY SERVICE
01 IV R5111439 11/01/95 10 43.00 43.00 FA0130-0000 MONTHLY SERVICE
01 IV R5121436 12/01/95 10 43.00 43.00 FA0107-0000 MONTHLY SERVICE
01 IV R5121437 12/01/95 10 43.00 43.00 FA0114-0000 MONTHLY SERVICE
01 IV R5121438 12/01/95 10 43.00 43.00 FA0117-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 83
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19412 MUZAK/FAMOUS FOOTWEAR 2901 THIRD AVE #400 SEATTLE
01 IV R5121439 12/01/95 10 45.00 45.00 FA0120-0000 MONTHLY SERVICE
01 IV R5121440 12/01/95 10 43.00 43.00 FA0124-0000 MONTHLY SERVICE
01 IV R5121441 12/01/95 10 43.00 43.00 FA0130-0000 MONTHLY SERVICE
01 IV R5121442 12/01/95 10 43.00 43.00 FA0140-0000 MONTHLY SERVICE
01 IV R6011443 12/01/95 10 43.00 43.00 FA0144-0000 MONTHLY SERVICE
01 IV R6011434 1/01/96 10 43.00 43.00 FA0114-0000 MONTHLY SERVICE
01 IV R6011440 1/01/96 10 43.00 43.00 FA0144-0000 MONTHLY SERVICE
01 IV R6011433 1/01/96 10 43.00 43.00 FA0107-0000 MONTHLY SERVICE
01 IV R6011435 1/01/96 10 43.00 43.00 FA0117-0000 MONTHLY SERVICE
01 IV R6011436 1/01/96 10 45.00 45.00 FA0120-0000 MONTHLY SERVICE
01 IV R6011437 1/01/96 10 43.00 43.00 FA0124-0000 MONTHLY SERVICE
01 IV R6011438 1/01/96 10 43.00 43.00 FA0130-0000 MONTHLY SERVICE
01 IV R6011439 1/01/96 10 43.00 43.00 FA0140-0000 MONTHLY SERVICE
----------
1,038.00
20989 MUZAK/FOUNDATION 383 E. GRAND AVE., SUITE A SOUTH SAN FRANSISCO
HEALTH 01 IV M1095136 10/23/95 40 399.38 399.38
----------
399.38
21103 MUZAK/FOUNDATION 4090 BELFORT ROAD #300 JACKSONVILLE
HEALTH 01 IV R5110784 11/01/95 10 80.00 80.00 FO0140-0000 MONTHLY SERVICE
01 IV R5120792 12/01/95 10 80.00 80.00 FO0140-0000 MONTHLY SERVICE
01 IV R6010779 1/01/96 10 80.00 80.00 FO0140-0000 MONTHLY SERVICE
----------
240.00
19824 MUZAK/FREDERICK'S 2901 THIRD AVE #400 SEATTLE
01 IV R5121444 12/01/95 10 37.50 37.50 FR0144-0000 MONTHLY SERVICE
01 IV R5121445 12/01/95 10 37.50 37.50 FR0154-0000 MONTHLY SERVICE
01 IV R6011441 1/01/96 10 37.50 37.50 FR0144-0000 MONTHLY SERVICE
01 IV R6011442 1/01/96 10 37.50 37.50 FR0154-0000 MONTHLY SERVICE
----------
150.00
21132 MUZAK/GANT #779 2901 THIRD AVENUE #400 SEATTLE
01 IV R6011443 1/01/96 10 55.00 55.00 GA0160-0000 MONTHLY SERVICE
----------
55.00
19573 MUZAK/GEOFFREY BEENE 2901 THIRD AVE #400 SEATTLE
01 IV R5121447 12/01/95 10 57.50 54.00 GE0170-0000 MONTHLY SERVICE
01 IV R5121446 12/01/95 10 57.50 54.00 GE0110-0000 MONTHLY SERVICE
01 IV R6011444 1/01/96 10 54.00 54.00 GE0110-0000 MONTHLY SERVICE
01 IV R6011445 1/01/96 10 57.50 57.50 GE0170-0000 MONTHLY SERVICE
----------
219.50
20988 MUZAK/GOLDEN CORRAL 2901 THIRD AVE #400 SEATTLE
01 IV R6011530 1/01/96 10 89.99 89.99 GO0160-0000 MONTHLY SERVICE
----------
89.99
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 84
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
18984 MUSAK/HARDEE'S 2901 THIRD AVE #400 SEATTLE
01 IV R5121448 12/01/95 10 1,361.20 1,361.20 HA0250-0000 MONTHLY SERVICE
01 IV R6011446 1/01/95 10 1,361.20 1,361.20 HA0250-0000 MONTHLY SERVICE
-----------
2,722.40
21171 MUZAK/J C PENNY'S 2901 THIRD AVE #400 SEATTLE
01 IV R6011447 1/01/96 10 59.00 59.00 JC0103-0000 MONTHLY SERVICE
01 IV R6011456 1/01/96 10 124.00 124.00 JC0430-0000 MONTHLY SERVICE
01 IV R6011457 1/01/96 10 69.50 69.50 JC0440-0000 MONTHLY SERVICE
01 IV R6011448 1/01/96 10 69.00 69.00 JC0105-0000 MONTHLY SERVICE
01 IV R6011449 1/01/96 10 79.00 79.00 JC0107-0000 MONTHLY SERVICE
01 IV R6011451 1/01/96 10 89.00 89.00 JC0200-0000 MONTHLY SERVICE
01 IV R6011452 1/01/96 10 69.00 69.00 JC0203-0000 MONTHLY SERVICE
01 IV R6011453 1/01/96 10 69.00 69.00 JC0400-0000 MONTHLY SERVICE
01 IV R6011454 1/01/96 10 109.00 109.00 JC0410-0000 MONTHLY SERVICE
01 IV R6011450 1/01/96 10 89.00 89.00 JC0110-0000 MONTHLY SERVICE
01 IV R6011455 1/01/96 10 109.00 109.00 JC0420-0000 MONTHLY SERVICE
-----------
934.50
19028 MUZAC/KASH N KARRY 2901 THIRD AVE #400 SEATTLE
01 IV R6011458 1/01/96 10 35.00 35.00 KA0104-0000 MONTHLY SERVICE
01 IV R6011459 1/01/96 10 175.00 175.00 KA0107-0000 MONTHLY SERVICE
01 IV R6011460 1/01/96 10 35.00 35.00 KA0114-0000 MONTHLY SERVICE
01 IV R6011461 1/01/96 10 35.00 35.00 KA0124-0000 MONTHLY SERVICE
-----------
280.00
21092 MUZAK/LEVITZ 2901 THIRD AVENUE #400 SEATTLE
01 IV R5111451 11/01/95 10 42.60 42.60 LE0300-0000 MONTHLY SERVICE
01 IV R5111452 11/01/95 10 53.50 53.50 LE0310-0000 MONTHLY SERVICE
01 IV R5121453 12/01/95 10 40.00 40.00 LE0300-0000 MONTHLY SERVICE
01 IV R5121454 12/01/95 10 50.00 50.00 LE0310-0000 MONTHLY SERVICE
01 IV R6011462 1/01/96 10 40.00 40.00 LE0300-0000 MONTHLY SERVICE
01 IV R6011463 1/01/96 10 50.00 50.00 LE0310-0000 MONTHLY SERVICE
-----------
276.10
20627 MUZAK/MOTHER'S STORE 2901 THIRD AVE #400 SEATTLE
01 IV R5111455 11/01/95 10 39.00 39.00 MO0150-0000 MONTHLY SERVICE
01 IV R6011464 1/01/96 10 39.00 39.00 MO0150-0000 MONTHLY SERVICE
-----------
78.00
19669 MUZAK/ONE PRICE CLOTHING 2901 THIRD AVE #400 SEATTLE
01 IV R5111457 11/01/95 10 30.00 30.00 ON0107-0000 MONTHLY SERVICE
01 IV R5111456 11/01/95 10 240.00 240.00 ON0104-0000 MONTHLY SERVICE
01 IV R5121456 12/01/95 10 240.00 240.00 ON0104-0000 MONTHLY SERVICE
01 IV R5121457 12/01/95 10 30.00 30.00 ON0107-0000 MONTHLY SERVICE
01 IV R6011465 1/01/96 10 240.00 240.00 ON0104-0000 MONTHLY SERVICE
01 IV R6011466 1/01/96 10 30.00 30.00 ON0107-0000 MONTHLY SERVICE
-----------
810.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 85
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19670 MUZAK/PETIT SOPHISTICATE 2901 THIRD AVE #400 SEATTLE
01 IV R5111458 11/01/95 10 21.25 21.25 PE0104-0000 MONTHLY SERVICE
01 IV R5111459 11/01/95 10 21.25 21.25 PE0110-0000 MONTHLY SERVICE
01 IV R5121459 12/01/95 10 21.25 21.25 PE0110-0000 MONTHLY SERVICE
01 IV R5121458 12/01/95 10 21.25 21.25 PE0104-0000 MONTHLY SERVICE
01 1V R6011467 1/01/96 10 21.25 21.25 PE0104-0000 MONTHLY SERVICE
01 IV R6011468 1/01/96 10 21.25 21.25 PE0110-0000 MONTHLY SERVICE
-----------
127.50
20873 MUZAK/PETS MART 2901 THIRD AVE #400 SEATTLE
01 IV R5111460 11/01/95 10 173.60 173.60 PE0100-0000 MONTHLY SERVICE
01 IV R5111461 11/01/95 10 43.00 43.00 PE0130-0000 MONTHLY SERVICE
01 IV R5121460 12/01/95 10 173.60 173.60 PE0100-0000 MONTHLY SERVICE
01 IV R5121461 12/01/95 10 43.00 43.00 PE0130-0000 MONTHLY SERVICE
01 IV R6011469 1/01/96 10 165.00 165.00 PE0100-0000 MONTHLY SERVICE
01 IV R6011470 1/01/96 10 43.00 43.00 PE0130-0000 MONTHLY SERVICE
01 IV R6011471 1/01/96 10 41.00 41.00 PE0140-0000 MONTHLY SERVICE
-----------
682.20
21114 MUZAK/POP RADIO 301 MERRITT SEVEN P.O. BOX 5102 NORWALK
01 IV M1095212 10/30/95 40 30.00 30.00
----------
30.00
18985 MUZAK/QUINCY'S 2901 THIRD AVE #400 SEATTLE
01 IV R5121464 12/01/95 10 408.36 408.36 QU0250-0000 MONTHLY SERVICE
01 IV R5121462 12/01/95 10 34.03 34.03 QU0107-0000 MONTHLY SERVICE
01 IV R5121463 12/01/95 10 34.03 34.03 QU0207-0000 MONTHLY SERVICE
01 IV R6011472 1/01/96 10 34.03 34.03 QU0207-0000 MONTHLY SERVICE
01 IV R6011473 1/01/96 10 34.03 34.03 QU0207-0000 MONTHLY SERVICE
01 IV R6011474 1/01/96 10 408.36 408.36 QU0250-0000 MONTHLY SERVICE
-----------
952.84
19135 MUZAK/REVCO 2901 THIRD AVE #400 SEATTLE
01 IV R5121471 12/01/95 10 30.00 30.00 RE0260-0000 MONTHLY SERVICE
01 IV R5121472 12/01/95 10 30.00 30.00 RE0263-0000 MONTHLY SERVICE
01 IV R5121465 12/01/95 10 30.00 30.00 RE0210-0000 MONTHLY SERVICE
01 IV R5121466 12/01/95 10 30.00 30.00 RE0220-0000 MONTHLY SERVICE
01 IV R5121473 12/01/95 10 30.00 30.00 RE0313-0000 MONTHLY SERVICE
01 IV R5121467 12/01/95 10 30.00 30.00 RE0230-0000 MONTHLY SERVICE
01 IV R5121468 12/01/95 10 30.00 30.00 RE0240-0000 MONTHLY SERVICE
01 IV R5121469 12/01/95 10 30.00 30.00 RE0250-0000 MONTHLY SERVICE
01 IV R5121470 12/01/95 10 30.00 30.00 RE0253-0000 MONTHLY SERVICE
01 IV R6011475 1/01/96 10 30.00 30.00 RE0210-0000 MONTHLY SERVICE
01 IV R6011476 1/01/96 10 30.00 30.00 RE0220-0000 MONTHLY SERVICE
01 IV R6011479 1/01/96 10 30.00 30.00 RE0250-0000 MONTHLY SERVICE
01 IV R6011480 1/01/96 10 30.00 30.00 RE0253-0000 MONTHLY SERVICE
01 IV R6011481 1/01/96 10 30.00 30.00 RE0260-0000 MONTHLY SERVICE
01 IV R6011483 1/01/96 10 30.00 30.00 RE0313-0000 MONTHLY SERVICE
01 IV R6011477 1/01/96 10 30.00 30.00 RE0230-0000 MONTHLY SERVICE
01 IV R6011478 1/01/96 10 30.00 30.00 RE0240-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 86
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ -------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19135 MUZAK/REVCO 2901 THIRD AVE #400 SEATTLE
01 IV R6011482 1/01/96 10 30.00 30.00 RE0263-0000 MONTHLY SERVICE
--------
540.00
20651 MUZAK/SCOTTY'S 2901 THIRD AVE #400 SEATTLE
01 IV R5121474 12/01/95 10 600.00 600.00 SC0100-0000 MONTHLY SERVICE
01 IV R6011484 1/01/96 10 600.00 600.00 SC0100-0000 MONTHLY SERVICE
--------
1,200.00
14485 MUZAK/SERVICE MERCHANDISE 2901 THIRD AVE #400 SEATTLE
01 IV R5121475 12/01/95 10 175.00 175.00 SE0120-0000 MONTHLY SERVICE
01 IV R6011485 1/01/96 10 175.00 175.00 SE0120-0000 MONTHLY SERVICE
--------
350.00
20889 MUZAK/STAPLES 2901 THIRD AVE #400 SEATTLE
01 IV R5121476 12/01/95 10 40.00 40.00 ST0150-0000 MONTHLY SERVICE
01 IV R6011486 1/01/96 10 40.00 40.00 ST0150-0000 MONTHLY SERVICE
--------
80.00
20519 MUZAK/STATE FARM 2901 THIRD AVE #400 SEATTLE
01 UC UC-582862 2/24/95 414.54- 414.54-
01 UC UC-584958 3/13/95 720.00- 720.00-
01 UC UC-594881 6/14/95 720.00- 720.00-
01 IV R5081493 8/01/95 10 1,436.28 1,436.28 STO6OO-0000 MONTHLY SERVICE
01 IV R6011487 1/01/96 10 720.00 720.00 ST0020-0000 MONTHLY SERVICE
01 IV R6011488 1/01/96 10 540.00 540.00 ST0080-0000 MONTHLY SERVICE
01 IV R6011489 1/01/96 10 540.00 540.00 ST0090-0000 MONTHLY SERVICE
01 IV R6011490 1/01/96 10 540.00 540.00 ST0107-0000 MONTHLY SERVICE
01 IV R6011491 1/01/96 10 720.00 720.00 ST0115-0000 MONTHLY SERVICE
01 IV R6011492 1/01/96 10 720.00 720.00 ST0560-0000 MONTHLY SERVICE
--------
3,361.74
20959 MUZAK/STEIN MART 2901 THIRD AVE #400 SEATTLE
01 IV R5121478 12/01/95 10 53.00 53.00 ST0104-0000 MONTHLY SERVICE
01 IV R5121479 12/01/95 10 53.00 53.00 ST0710-0000 MONTHLY SERVICE
01 IV R5121477 12/01/95 10 53.00 53.00 ST0100-0000 MONTHLY SERVICE
01 IV R5121480 12/01/95 10 53.00 53.00 ST1114-0000 MONTHLY SERVICE
01 IV R6011495 1/01/96 10 53.00 53.00 ST0710-0000 MONTHLY SERVICE
01 IV R6011493 1/01/96 10 53.00 53.00 ST0100-0000 MONTHLY SERVICE
01 IV R6011494 1/01/96 10 53.00 53.00 ST0104-0000 MONTHLY SERVICE
01 IV R6011496 1/01/96 10 53.00 53.00 ST1114-0000 MONTHLY SERVICE
--------
424.00
19439 MUZAK/TACO BELL 2901 THIRD AVE #400 SEATTLE
01 IV R5121481 12/01/95 10 799.05 799.05 TA0110-0000 MONTHLY SERVICE
01 IV R6011497 1/01/96 10 799.05 799.05 TA0110-0000 MONTHLY SERVICE
--------
1,598.10
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 87
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- -------------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20479 MUZAK/VAN HEUSEN 2901 THIRD AVE #400 SEATTLE
01 IV R5121482 12/01/95 10 45.00 54.00 VA0110-0000 MONTHLY SERVICE
01 IV R5121483 12/01 95 10 45.00 54.00 VA0130-0000 MONTHLY SERVICE
01 IV R6011498 1/01/96 10 54.00 54.00 VA0110-0000 MONTHLY SERVICE
01 IV R6011499 1/01/96 10 54.00 54.00 VA0130-0000 MONTHLY SERVICE
-----------
216.00
20993 MUZAK/VILLAGE INN 2901 THIRD AVE #400 SEATTLE
01 IV R5121484 12/01/95 10 44.00 44.00 VI0160-0000 MONTHLY SERVICE
01 IV R5121485 12/01/95 10 44.00 44.00 VI0170-0000 MONTHLY SERVICE
01 IV R5121486 12/01/95 10 44.00 44.00 VI0180-0000 MONTHLY SERVICE
01 IV R5121487 12/01/95 10 44.00 44.00 VI0190-0000 MONTHLY SERVICE
01 IV R6011500 1/01/96 10 44.00 44.00 VI0160-0000 MONTHLY SERVICE
01 IV R6011501 1/01/96 10 44.00 44.00 VI0170-0000 MONTHLY SERVICE
01 IV R6011502 1/01/96 10 44.00 44.00 VI0180-0000 MONTHLY SERVICE
01 IV R6011503 1/01/96 10 44.00 44.00 VI0190-0000 MONTHLY SERVICE
-----------
352.00
20328 MUZAK/WAL-MART 2901 THIRD AVE #400 SEATTLE
01 IV M0595117 5/05/95 40 45.00 45.00
01 IV M0795118 7/21/95 40 4,922.43 5,690.34
01 IV R5111488 11/01/95 10 450.56 450.56 WA0400-0000 MONTHLY SERVICE
01 UC UC-611820 11/27/95 293.00- 293.00-
01 IV R5121488 12/01/95 10 450.56 450.56 WA0400-0000 MONTHLY SERVICE
01 IV R6011504 1/01/96 10 450.56 450.56 WA0400-0000 MONTHLY SERVICE
-----------
6,794.02
19776 MUZAK/WALGREENS 2901 THIRD AVE #400 SEATTLE
01 IV R6011508 1/01/96 10 78.00 78.00 WA0120-0000 MONTHLY SERVICE
01 IV R6011511 1/01/96 10 78.00 78.00 WA0150-0000 MONTHLY SERVICE
01 IV R6011515 1/01/96 10 78.00 78.00 WA0190-0000 MONTHLY SERVICE
01 IV R6011516 1/01/96 10 78.00 78.00 WAS200-0000 MONTHLY SERVICE
01 IV R6011517 1/01/96 10 78.00 78.00 WA0207-0000 MONTHLY SERVICE
01 IV R6011518 1/01/96 10 78.00 78.00 WA0210-0000 MONTHLY SERVICE
01 IV R6011520 1/01/96 10 78.00 78.00 WA0340-0000 MONTHLY SERVICE
01 IV R6011521 1/01/96 10 78.00 78.00 WA0350-0000 MONTHLY SERVICE
01 IV R6011522 1/01/96 10 78.00 78.00 WA0360-0000 MONTHLY SERVICE
01 IV R6011523 1/01/96 10 78.00 78.00 WA0370-0000 MONTHLY SERVICE
01 IV R6011524 1/01/96 10 78.00 78.00 WA0507-0000 MONTHLY SERVICE
01 IV R6011525 1/01/96 10 78.00 78.00 WA0707-0000 MONTHLY SERVICE
01 IV R6011505 1/01/96 10 468.00 468.00 WA0100-0000 MONTHLY SERVICE
01 IV R6011506 1/01/96 10 78.00 78.00 WA0107-0000 MONTHLY SERVICE
01 IV R6011507 1/01/96 10 78.00 78.00 WA0110-0000 MONTHLY SERVICE
01 IV R6011509 1/01/96 10 78.00 78.00 WA0130-0000 MONTHLY SERVICE
01 IV R6011510 1/01/96 10 78.00 78.00 WA0140-0000 MONTHLY SERVICE
01 IV R6011512 1/01/96 10 78.00 78.00 WA0160-0000 MONTHYY SERVICE
01 IV R6011513 1/01/96 10 78.00 78.00 WA0170-0000 MONTHLY SERVICE
01 IV R6011514 1/01/96 10 78.00 78.00 WA0180-0000 MONTHLY SERVICE
01 IV R6011519 1/01/96 10 78.00 78.00 WA0240-0000 MONTHLY SERVICE
-----------
2,028.00
18586 MUZAK/WOOLWORTH 2901 THIRD AVE #400 SEATTLE
01 IV R5121489 12/01/95 10 49.50 49.50 WO0300-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 88
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- -------------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
18586 MUZAK/WOOLWORTH 2901 THIRD AVE #400 SEATTLE
01 IV R6011526 1/01/96 10 49.50 49.50 WO0300-0000 MONTHLY SERVICE
----------
99.00
326 NATIONWIDE INSURANCE 3300 S. WILLISTON RD. PO BOX 14708 GAINESVILLE
CO. 01 IV R6011173 1/01/96 10 293.93 293.93 NA0105-0000 MONTHLY SERVICE
----------
293.93
20746 NAVCARE 701 MAYPORT CROSSING BLVD. MAYPORT
01 IV R6010896 1/01/96 10 37.28 37.28 NA0140-0000 MONTHLY SERVICE
----------
37.28
18221 NAVIERAS NPR. INC. ATTN: ACCTS PAYABLE P0 BOX 40044 JACKSONVILLE
01 UC UC-14581 8/07/95 50.81- 50.81-
01 IV R5110493 11/01/95 10 94.60 94.60 PU0200-0000 MONTHLY SERVICE
01 IV R5120503 12/01/95 10 94.60 94.60 PU0200-0000 MONTHLY SERVICE
01 IV R6010500 1/01/96 10 94.60 94.60 PU0200-0000 MONTHLY SERVICE
----------
232.99
19687 NAVY ATTN: DFAG-CO-AEOCA PO BOX 369016 COLUMBUS
01 IV R5111377 11/01/95 10 77.24 77.24 NA1900-0000 MONTHLY SERVICE
01 IV R5121390 12/01/95 10 77.24 77.24 NA1900-0000 MONTHLY SERVICE
01 IV R6011387 1/01/96 10 77.24 77.24 NA1900-0000 MONTHLY SERVICE
----------
231.72
20203 NAVY ATTN:DFAS-CO-AEOCA PO BOX 369016 COLUMBUS
01 IV R4111395 11/01/94 10 40.00 40.00 NA1300-0000 MONTHLY SERVICE
01 IV R4121397 12/01/94 10 40.00 40.00 NA1300-0000 MONTHLY SERVICE
01 IV R5011391 1/01/95 10 40.00 5.00 NA1300-0000 MONTHLY SERVICE
01 IV R5021382 2/01/95 10 40.00 40.00 NA1300-0000 MONTHLY SERVICE
01 IV R5031388 3/01/95 10 40.00 40.00 NA1300-0000 MONTHLY SERVICE
01 IV R5041395 4/01/95 10 40.00 40.00 NA1300-0000 MONTHLY SERVICE
01 IV R5051401 5/01/95 10 40.00 40.00 NA1300-0000 MONTHLY SERVICE
01 IV R5061410 6/01/95 10 40.00 40.00 NA1300-0000 MONTHLY SERVICE
01 IV R5061387 6/26/95 10 40.00 40.00 NA1300-0000 MONTHLY SERVICE
01 IV R5081407 8/01/95 10 40.00 40.00 NA1300-0000 MONTHLY SERVICE
----------
365.00
13470 NAVY - FIELD SUPPORT BLDG #169 DISTRIBUTION CENTER PO BOX 13 NAS JACKSONVILLE
0FFICE 01 IV R6010724 1/01/96 10 42.94 42.94 NA0804-0000 MONTHLY SERVICE
----------
42.94
13475 NAVY - FIELD SUPPORT NAVY EXCHANGE-MAYPORT PO BOX 13 NAS JACKSONVILLE
OFFICE 01 IV R6010725 1/01/96 10 32.67 32.67 NA0904-0000 MONTHLY SERVICE
----------
32.67
18191 NAVY COMMISSARY ATTN: TOM STATES NAVAL SUBMARINE BASE KINGSLAND
STORE 01 IV R5110162 11/01/95 10 40.00 40.00 NA1300-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 89
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
18191 NAVY COMMISSARY STORE ATTN: TOM STATES NAVAL SUBMARINE BASE KINGSLAND
01 IV R5120164 12/01/95 10 40.00 40.00 NA1300-0000 MONTHLY SERVICE
01 IV R6010167 1/01/96 10 40.00 40.00 NA1300-0000 MONTHLY SERVICE
----------
120.00
18674 NAVY EXCHANGE #987 FSO ACCOUNTING OFFICE BOX 13 NAS JACKSONVILLE
01 IV M0995136 9/21/95 40 55.00 55.00
01 IV R5120740 12/01/95 10 69.00 69.00 NA0114-0000 MONTHLY SERVICE
01 IV R6010727 1/01/96 10 69.00 69.00 NA0114-0000 MONTHLY SERVICE
----------
193.00
20583 NAVY EXCHANGE PO BOX 13 ACCTS PAYABLE NAS JACKSONVILLE
SERVICE CENTER 01 IV R6010728 1/01/96 10 55.00 55.00 NA0120-0000 MONTHLY SERVICE
----------
55.00
7070 NAVY RESALE ATTN: L.K. MASS PO BOX 114 NAS CECIL FIELD
ACTIVITY #5084 01 IV R6010729 1/01/96 10 78.16 78.16 NA1304-0000 MONTHLY SERVICE
----------
78.16
21006 NAVY-YOUTH ACTIVITIES BLDG #621 PO BOX 14 NAS JACKSONVILLE
/MWR DEPT 01 IV DM1 10/10/95 45 5,390.00 1,347.56 M1095035 SNB #20116
----------
1,347.50
18386 NCR CORPORATION 8875 LIBERTY RIDGE DRIVE JACKSONVILLE
01 IV R6010780 1/01/96 10 87.86 87.86 NC0300-0000 MONTHLY SERVICE
----------
87.86
17531 NEPTUNE BAPTIST CHURCH 407 THIRD STREET NEPTUNE BEACH
01 IV M1295129 12/12/95 40 26.44 26.44
----------
26.44
19903 NERO'S 3100 SW COLLEGE ROAD #572 OCALA
01 IV R511309 11/01/95 20 68.90 68.90 NE0106-0000 MONTHLY SERVICE
01 IV R5121323 12/01/95 20 68.90 68.90 NE0106-0000 MONTHLY SERVICE
01 IV R6011320 1/01/96 20 68.90 68.90 NE0106-0000 MONTHLY SERVICE
----------
206.70
20199 NERO'S 5240 NW 34TH STREET GAINESVILLE
01 IV R6011111 1/01/96 20 59.36 59.36 NE0306-0000 MONTHLY SERVICE
----------
59.36
17028 NERO'S-JACKSONVILLE 3607 N. UNIVERSITY BLVD JACKSONVILLE
01 IV R5100709 10/01/95 20 126.63 126.63 NE0206-0000 MONTHLY SERVICE
01 IV R5110708 11/01/95 20 126.63 126.63 NE0206-0000 MONTHLY SERVICE
01 IV R5120718 12/01/95 20 126.63 126.63 NE0206-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 90
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ------------------ -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
17028 NERO'S-JACKSONVILLE 3607 N. UNIVERSITY BLVD JACKSONVILLE
01 IV R6010714 1/01/96 20 126.63 126.63 NE0206-0000 MONTHLY SERVICE
---------
506.52
2703 NIMNICHT CADILLAC 7999 BLANDING BLVD JACKSONVILLE
01 UC UC-5239 12/07/95 106.50- 106.50-
01 IV R6010681 1/01/96 10 113.93 113.93 TU0200-0000 MONTHLY SERVICE
---------
7.43
13545 NIMNICHT CHEVROLET 1550 CASSAT AVENUE POST OFFICE BOX 14000 JACKSONVILLE
CO. 01 IV R6010929 1/01/96 10 148.83 148.83 NI0204-0000 MONTHLY SERVICE
---------
148.83
20150 NINO'S PASTA HOUSE 4456 HENDRICKS AVENUE JACKSONVILLE
01 IV R5120618 12/01/95 10 84.14 84.14 NI0110-0000 MONTHLY SERVICE
01 IV R6010616 1/01/96 10 84.14 84.14 NI0110-0000 MONTHLY SERVICE
---------
168.28
20705 NINO'S PASTA HOUSE 7457-7 103RD STREET JACKSONVILLE
01 IV R5120684 12/01/95 10 65.50 65.50 NI0120-0000 MONTHLY SERVICE
01 IV R6010682 1/01/96 10 65.50 65.50 NI0120-0000 MONTHLY SERVICE
---------
131.00
17283 NORTH FLA LINCOLN 4620 SOUTHSIDE BLVD JACKSONVILLE
MERCURY INC. 01 IV R6010781 1/01/96 10 64.43 64.43 NO0400-0000 MONTHLY SERVICE
---------
64.43
20116 NORTH JAX CHURCH OF OF NAZARENE 320 CLARK ROAD JACKSONVILLE
NAZARENE 01 IV M1295190 12/21/95 40 158.54 158.54
---------
158.54
13160 NORTHSIDE DODGE 3333 MAIN STREET JACKSONVILLE
01 IV R6010542 1/01/96 10 52.72 52.72 MA0504-0000 MONTHLY SERVICE
---------
52.72
20377 O'KANE'S IRISH 318 CENTER STREET FERNANDINA BEACH
PUB & EATERY 01 IV R5090191 9/01/95 10 106.00 106.00 OK0100-0000 MONTHLY SERVICE
01 IV R5100196 10/01/95 10 106.00 106.00 OK0100-0000 MONTHLY SERVICE
01 IV R5110193 11/01/95 10 106.00 106.00 OK0100-0000 MONTHLY SERVICE
01 IV R5120195 12/01/95 10 106.00 106.00 OK0100-0000 MONTHLY SERVICE
01 IV R6010198 1/01/96 10 106.00 106.00 OK0100-0000 MONTHLY SERVICE
---------
530.00
13600 O'NEAL STEEL 147 DENNARD STREET JACKSONVILLE
COMPANY 01 IV R5120530 12/01/95 10 133.63 133.63 ON0200-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 91
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- --------------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
13600 O'NEAL STEEL COMPANY 147 DENNARD STREET JACKSONVILLE
01 IV R6010527 1/01/96 10 133.63 133.63 ON0200-0000 MONTHLY SERVICE
----------
267.26
13610 O'NEIL'S CARD & GIFTS 9501 ARLINGTON EXPRESSWAY #301 JACKSONVILLE
01 IV R6010715 1/01/96 10 47.93 47.93 ONO124-0000 MONTHLY SERVICE
----------
47.93
18067 OAK BRIDGE CLUB ACCOUNTS PAYABLE DEPARTMENT PO BOX 1677 PONTE VEDRA BEACH
01 IV R5110316 11/01/95 10 53.00 53.00 OA0104-0000 MONTHLY SERVICE
01 IV R5120323 12/01/95 10 53.00 53.00 OA0104-0000 MONTHLY SERVICE
01 IV R6010323 1/01/96 10 53.00 53.00 OAL104-0000 MONTHLY SERVICE
---------
159.00
878 OAKS MALL (PRUSQUIT JOINT VENTURE) ATTN: MIRIAM TROWBRIDGE 6419 NEWBERRY ROAD
01 IV R5121134 12/01/95 10 206.70 206.70 OA0105-0000 MONTHLY SERVICE
01 IV R6011133 1/01/96 10 206.70 206.70 OA0105-0000 MONTHLY SERVICE
---------
413.40
20032 OAKVIEW REHAB CARE CENTER 300 NW FIRST AVENUE WILLISTON
01 IV R5121215 12/01/95 10 130.00 130.00 OA0107-0000 MONTHLY SERVICE
01 UC UC-2892 12/28/95 1,020.00- 1,020.00-
01 IV R6011213 1/01/96 10 130.00 130.00 OA0107-0000 MONTHLY SERVICE
---------
760.00-
20798 OASIS 4000 A1A SOUTH ST. AUGUSTINE
01 IV R6010349 1/01/96 10 90.10 90.10 OA0110-0000 MONTHLY SERVICE
---------
90.10
20231 OCALA ALE HOUSE 305 EAST 17TH STREET OCALA
01 IV R6011303 1/01/96 10 79.50 79.50 OC0100-0000 MONTHLY SERVICE
---------
79.50
19906 OCALA JOCKEY CLUB 1233 SE 10TH AVENUE OCALA
01 UC UC-3366 9/08/95 127.20- 64.55-
01 IV R5121295 12/01/95 10 63.60 63.60 OC0307-0000 MONTHLY SERVICE
01 IV R6011294 1/01/96 10 63.60 63.60 OC0307-0000 MONTHLY SERVICE
--------
62.65
20083 OCALA NATIONAL BANK ATTN: D. COSTELLO PO BOX 4050 OCALA
01 IV R5121334 12/01/95 10 58.30 58.30 OC0407-0000 MONTHLY SERVICE
01 IV R6011331 1/01/96 10 58.30 58.30 OC0407-0000 MONTHLY SERVICE
--------
116.60
19908 OCALA OB/GYN 1500 SE 17TH STREET OCALA
01 IV R6011304 1/01/96 10 60.53 60.53 OC0507-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 92
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- -------------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-----------
60.53
20211 OCALA SEAFOODS 121 LAFAYETTE AVENUE LEXINGTON
01 IV R6011371 1/01/96 10 40.81 40.81 LO0207-0000 MONTHLY SERVICE
19312 OKEFENOKEE RESTAURANT 103 SOUTH 2ND STREET FOLKSTON
01 IV R6010163 1/01/96 10 46.00 46.00 OK0113-0000 MONTHLY SERVICE
-----------
46.00
19488 OLD AMERICA STORE 1564 PARK AVENUE ORANGE PARK
01 IV M1295128 12/12/95 40 159.43 159.43
01 IV R6010291 1/01/96 10 86.60 86.60 OL0120-0000 MONTHLY SERVICE
-----------
245.03
20810 OLD AMERICA STORE 9742 ST. AUGUSTINE ROAD JACKSONVILLE
#100 01 IV MI295213 12/27/95 40 55.00 55.00
01 IV R6011076 1/01/96 10 37.28 37.28 OL0140-0000 MONTHLY SERVICE
-----------
92.28
18848 OLD AMERICA STORE 5721 BEACH BOULEVARD JACKSONVILLE
#18 01 IV R6010617 1/01/96 10 37.28 37.28 OL0114-0000 MONTHLY SERVICE
-----------
37.28
18891 OLD DOMINION INS. CO. 9428 BAYMEADOWS ROAD - 4TH FL PO BOX 56770 JACKSONVILLE
01 IV R6011037 1/01/96 10 79.88 79.88 OL0114-0000 MONTHLY SERVICE
-----------
79.88
14865 OLD REPUBLIC NATL INSURANCE COMPANY 120 E. FORSYTH STREET JACKSONVILLE
TILTE INS 01 IV R6010475 1/01/96 10 60.15 60.15 TI0114-0000 MONTHLY SERVICE
-----------
60.15
20124 OLSTEN TEMPORARY 8386 BAYMEADOWS ROAD #1 JACKSONVILLE
SERVICES 01 IV R6011038 1/01/96 10 47.93 47.93 OL0130-0000 MONTHLY SERVICE
-----------
47.93
17650 OMNI JACKSONVILLE 245 W. WATER STREET JACKSONVILLE
HOTEL 01 IV R6010476 1/01/96 10 260.93 260.93 OM0110-0000 MONTHLY SERVICE
-----------
260.93
18833 ORANGE PARK COUNTY 2525 COUNTRY CLUB BLVD ORANGE PARK
CLUB 01 IV R5120292 12/01/95 10 155.15 155.15 OR0110-0000 MONTHLY SERVICE
01 IV R6010292 1/01/96 10 155.15 155.15 OR0110-0000 MONTHLY SERVICE
-----------
310.30
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 93
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ------------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
11945 ORANGE PARK 1329 PARK AVENUE ORANGE PARK
DISCOUNT FURNITURE 01 IV R5090283 9/01/95 10 82.39 73.01 FU0204-0000 MONTHLY SERVICE
01 IV R5100287 10/01/95 10 82.39 82.39 FU0204-0000 MONTHLY SERVICE
01 IV R5110286 11/01/95 10 82.39 82.39 FU0204-0000 MONTHLY SERVICE
01 IV R5120293 12/01/95 10 53.50 53.50 FU0204-0000 MONTHLY SERVICE
01 IV R6010293 1/01/96 10 53.50 53.50 FU0204-0000 MONTHLY SERVICE
----------
344.79
20773 ORANGE PARK 7233 BLANDING BOULEVARD JACKSONVILLE
HYUNDAI/SUBARU 01 IV R6010955 1/01/96 10 66.03 66.03 OR0140-0000 MONTHLY SERVICE
----------
66.03
13620 ORANGE PARK MALL OPN, INC. 1910 WELLS ROAD ORANGE PARK
NORTH 01 IV M1195126 11/29/95 40 82.50 82.50
01 IV R5120294 12/01/95 10 87.15 87.15 OR0200-0000 MONTHLY SERVICE
01 IV R6010294 1/01/96 10 87.15 87.15 OR0200-0000 MONTHLY SERVICE
----------
256.80
20539 OSBORN SOUND & PO BOX 77327 ATLANTA
COMMUNICATIONS 01 IV R5080024 8/01/95 20 53.25 53.25 LO0106-0000 MONTHLY SERVICE
01 IV R5090024 9/01/95 20 53.25 53.25 LO0106-0000 MONTHLY SERVICE
01 IV R5100024 10/01/95 20 53.25 53.25 LO0106-0000 MONTHLY SERVICE
01 IV R5110019 11/01/95 20 53.25 53.25 LO0106-0000 MONTHLY SERVICE
01 IV R5120022 12/01/95 20 53.25 53.25 LO0106-0000 MONTHLY SERVICE
01 IV R6010030 1/01/96 20 53.25 53.25 LO0106-0000 MONTHLY SERVICE
----------
319.50
20917 OSBORNE SOUND/RHODES ATTN: GINGER 4754-B NORTH ROAYAL ATLANTA DR TUCKER
01 IV R5110021 11/01/95 10 99.05 99.05 RH0120-0000 MONTHLY SERVICE
01 IV R5110022 11/01/95 10 98.58 98.58 RH0130-0000 MONTHLY SERVICE
01 IV R5110024 11/01/95 10 99.05 99.05 RH0300-0000 MONTHLY SERVICE
01 IV R5110020 11/01/95 10 99.51 99.51 RH0114-0000 MONTHLY SERVICE
01 IV R5110023 11/01/95 10 99.05 99.05 RH0200-0000 MONTHLY SERVICE
01 IV R5120024 12/01/95 10 99.05 99.05 RH0120-0000 MONTHLY SERVICE
01 IV R5120025 12/01/95 10 98.58 98.58 RH0130-0000 MONTHLY SERVICE
01 IV R5120026 12/01/95 10 99.05 99.05 RH0200-0000 MONTHLY SERVICE
01 IV R5120023 12/01/95 10 99.51 99.51 RH0114-0000 MONTHLY SERVICE
01 IV R5120027 12/01/95 10 99.05 99.05 RH0300-0000 MONTHLY SERVICE
01 IV R6010020 1/01/96 10 99.51 99.51 RH0114-0000 MONTHLY SERVICE
01 IV R6010021 1/01/96 10 99.05 99.05 RH0120-0000 MONTHLY SERVICE
01 IV R6010022 1/01/96 10 98.58 98.58 RH0130-0000 MONTHLY SERVICE
01 IV R6010023 1/01/96 10 99.05 99.05 RH0200-0000 MONTHLY SERVICE
01 IV R6010024 1/01/96 10 99.05 99.05 RH0300-0000 MONTHLY SERVICE
----------
1,485.72
20954 OSH KOSH B'GOSH ONE MAGNOLIA WAY #115 DARIEN
01 IV R5120047 12/01/95 10 60.00 60.00 OS0110-0000 MONTHLY SERVICE
01 IV R6010051 1/01/96 10 60.00 60.00 OS0110-0000 MONTHLY SERVICE
----------
120.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 94
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
18971 OSPREY COVE INC. 123 OSPREY DRIVE ST. MARY'S
01 IV R6010182 1/01/96 10 85.00 85.00 OS0113-0000 MONTHLY SERVICE
---------
85.00
18683 OUTBACK STEAKHOUSE 9773 SAN JOSE BOULEVARD JACKSONVILLE
01 IV R6011077 1/01/96 10 74.55 74.55 OU0110-0000 MONTHLY SERVICE
---------
74.55
19113 OUTBACK STEAKHOUSE 3700 SOUTH THIRD STREET JACKSONVILLE BEACH
01 IV R6011006 1/01/96 10 74.55 74.55 OU0200-0000 MONTHLY SERVICE
---------
74.55
19411 OUTBACK STEAKHOUSE 3536 SW ARCHER RD GAINESVILLE
01 IV R6011158 1/01/96 10 68.90 68.90 OU0120-0000 MONTHLY SERVICE
---------
68.90
19543 OUTBACK STEAKHOUSE 9400 ATLANTIC BOULEVARD JACKSONVILLE
01 IV R6010855 1/01/96 10 74.55 74.55 OU0130-0000 MONTHLY SERVICE
---------
74.55
19552 OUTBACK STEAKHOUSE 1755 WELLS ROAD ORANGE PARKE
01 IV R6010295 1/01/96 10 74.90 74.90 OU0140-0000 MONTHLY SERVICE
---------
74.90
19911 OUTBACK STEAKHOUSE 3215 SW COLLEGE ROAD OCALA
01 IV R6011205 1/01/96 10 68.90 68.90 OU0150-0000 MONTHLY SERVICE
---------
68.90
20407 OUTBACK STEAKHOUSE 231 SR 312 ST. AUGUSTINE
01 IV R6010374 1/01/96 10 74.20 74.20 OU0160-0000 MONTHLY SERVICE
---------
74.20
18972 OVERBY'S 2619 PHILLIPS HIGHWAY JACKSONVILLE
01 IV R6010618 1/01/96 10 31.95 31.95 OV0110-0000 MONTHLY SERVICE
---------
31.95
20423 OWENS CORNING 1035 TALLEYRAND AVENUE JACKSONVILLE
01 IV R6010543 1/01/96 10 632.61 632.61 OW0110-0000 MONTHLY SERVICE
---------
632.61
13645 OWNES, DR. C.K. 1947 CITRONA DRIVE BLDG #B FERNANDINA BCH
01 IV R6010199 1/01/96 10 58.30 58.30 OW0200-0000 MONTHLY SERVICE
---------
58.30
19912 PALM CHEVY 2300 SW COLLEGE ROAD OCALA
01 IV R6011295 52.47 52.47 PA0107-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 95
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
52.47
18629 PALM COAST REALTY SALES CENTER ONE OLD KINGS ROAD S. PALM COAST
01 IV R5120423 12/01/95 10 48.15 48.15 IT0100-0000 MONTHLY SERVICE
01 IV R6010422 1/01/96 10 48.15 48.15 IT0100-0000 MONTHLY SERVICE
----------
96.30
18897 PALM HARBOR CENTER 2499 GLADES ROAD #104 BOCA RATON
ASSOC. 01 IV R6011240 1/01/96 10 115.13 115.13 PA0560-0000 MONTHLY SERVICE
----------
115.13
19684 PALMS PRESBYTERIAN 3410 THIRD STREET SOUTH JACKSONVILLE BEACH
CHURCH 01 IV M1295156 12/19/95 40 64.94 64.94
01 UC UC-12431 12/27/95 55.00- 55.00-
----------
9.94
728 PANAMA HATTIE'S 361 A1A BEACH BLVD ST. AUGUSTINE
01 IV R5100346 10/01/95 10 132.50 132.50 PA0150-0000 MONTHLY SERVICE
01 IV R5110344 11/01/95 10 132.50 132.50 PA0150-0000 MONTHLY SERVICE
01 IV R5120352 12/01/95 10 132.50 132.50 PA0150-0000 MONTHLY SERVICE
01 IV R6010350 1/01/96 10 132.50 132.50 PA0150-0000 MONTHLY SERVICE
----------
530.00
17475 PARAGON GROUP 4500 SALISBURY ROAD #195 JACKSONVILLE
01 IV R6010782 1/01/96 10 83.76 83.76 PA0900-0000 MONTHLY SERVICE
----------
83.76
13690 PARRISH VOLVO 2525 PHILLIPS HIGHWAY JACKSONVILLE
01 IV R5100609 10/01/95 10 65.72 65.72 PA1100-0000 MONTHLY SERVICE
01 IV R5110609 11/01/95 10 65.72 65.72 PA1100-0000 MONTHLY SERVICE
01 IV R5120621 12/01/95 10 65.72 65.72 PA1100-0000 MONTHLY SERVICE
01 IV R6010619 1/01/96 10 65.72 65.72 PA1100-0000 MONTHLY SERVICE
----------
262.88
21141 PARSON'S SEAFOOD 10226 ATLANTIC BOULEVARD JACKSONVILLE
01 IV M1295085 12/08/95 40 372.75 372.75
01 IV R6010842 1/01/96 10 69.23 69.23 PA0140-0000 MONTHLY SERVICE
----------
441.98
21080 PARK CITY 11112-12 SAN JOSE BLVD. JACKSONVILLE
01 IV R6010838 1/01/96 10 79.88 79.88 PA0120-0000 MONTHLY SERVICE
----------
79.88
13700 PAT & MIKE'S 4838 HIGHWAY AVENUE JACKSONVILLE
RESTAURANT 01 IV R5100520 10/01/95 10 50.98 5O.98 PA1200-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 92
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
13700 PAT & MIKE'S 4838 HIGHWAY AVENUE JACKSONVILLE
RESTAURANT 01 IV R5110520 11/01/95 10 50.98 50.98 PA1200-0000 MONTHLY SERVICE
01 IV R5120531 12/01/95 10 50.98 50.98 PA1200-0000 MONTHLY SERVICE
01 IV R6010528 1/01/96 10 50.98 50.98 PA1200-0000 MONTHLY SERVICE
-----------
203.92
20850 PATIENT FINANCIAL 1430 SW 13TH STREET GAINESVILLE
SERVICES 01 IV R5121170 12/01/95 10 45.00 45.00 PA0110-0000 MONTHLY SERVICE
01 IV R6011169 1/01/96 10 45.00 45.00 PA0110-0000 MONTHLY SERVICE
-----------
90.00
20056 PCA CENTURY MEDICAL 4160 WOODCOCK DRIVE JACKSONVILLE
HEALTH 01 IV R6010620 1/01/96 10 58.58 58.58 PC0104-0000 MONTHLY SERVICE
-----------
58.58
20469 PELICAN POINT ROUTE 1, BOX 1672 TOWNSEND
RESTAURANT 01 IV R5080053 8/01/95 10 85.00 85.00 PE0120-0000 MONTHLY SERVICE
01 IV R5090053 9/01/95 10 85.00 85.00 PE0120-0000 MONTHLY SERVICE
01 IV R5100054 10/01/95 10 85.00 85.00 PE0120-0000 MONTHLY SERVICE
01 IV R5110049 11/01/95 10 85.00 85.00 PE0120-0000 MONTHLY SERVICE
01 IV R5120052 12/01/95 10 85.00 85.00 PE0120-0000 MONTHLY SERVICE
01 IV R6010056 1/01/96 10 85.00 85.00 PE0120-0000 MONTHLY SERVICE
-----------
510.00
13750 PERKIN'S RESTAURANT 6825 N. W. 8TH AVENUE GAINESVILLE
01 IV R6011134 1/01/96 10 108.44 108.44 PE0214-0000 MONTHLY SERVICE
-----------
108.44
1035 PERKIN'S STATE BANK 301 EAST NOBLE AVENUE WILLISTON
01 IV R6011214 1/01/96 10 74.74 74.74 PE0210-0000 MONTHLY SERVICE
-----------
74.74
75 PIC N SAVE ATTN: KEN HOLTON P.O. BOX 3035 STAT. F JACKSONVILLE
01 IV M1295152 12/19/95 40 72.73 72.73
01 IV R6010547 1/01/96 10 90.63 90.63 PI0035-0000 MONTHLY SERVICE
01 IV R6010548 1/01/96 10 91.06 91.06 PI0040-0000 MONTHLY SERVICE
01 IV R6010549 1/01/96 10 90.63 90.63 PI0045-0000 MONTHLY SERVICE
01 IV R6010552 1/01/96 10 90.63 90.63 PI0065-0000 MONTHLY SERVICE
01 IV R6010558 1/01/96 10 91.06 91.06 PI0130-0000 MONTHLY SERVICE
01 IV R6010560 1/01/96 10 91.06 91.06 PI0150-0000 MONTHLY SERVICE
01 IV R6010561 1/01/96 10 90.63 90.63 PI0160-0000 MONTHLY SERVICE
01 IV R6010562 1/01/96 10 91.06 91.06 PI0170-0000 MONTHLY SERVICE
01 IV R6010563 1/01/96 10 91.06 91.06 PI1200-0000 MONTHLY SERVICE
01 IV R6010564 1/01/96 10 91.06 91.06 PI0210-0000 MONTHLY SERVICE
01 IV R6010565 1/01/96 10 91.06 91.06 PI0220-0000 MONTHLY SERVICE
01 IV R6010566 1/01/96 10 91.06 91.06 PI0230-0000 MONTHLY SERVICE
01 IV R6010567 1/01/96 10 91.06 91.06 PI0240-0000 MONTHLY SERVICE
01 IV R6010568 1/01/96 10 91.06 91.06 PI1270-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 97
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
75 PIC N SAVE ATTN: KEN HOLTON P.O. BOX 3035 STAT. F JACKSONVILLE
01 IV R6010569 1/01/96 10 91.49 91.49 PI0310-0000 MONTHLY SERVICE
01 IV R6010570 1/01/96 10 85.50 85.50 PI0343-0000 MONTHLY SERVICE
01 IV R6010544 1/01/96 10 91.06 91.06 PI0010-0000 MONTHLY SERVICE
01 IV R6010545 1/01/96 10 91.06 91.06 PI0020-0000 MONTHLY SERVICE
01 IV R6010546 1/01/96 10 90.63 90.63 PI0030-0000 MONTHLY SERVICE
01 IV R6010550 1/01/96 10 91.06 91.06 PI0050-0000 MONTHLY SERVICE
01 IV R6010551 1/01/96 10 91.06 91.06 PI0060-0000 MONTHLY SERVICE
01 IV R6010553 1/01/96 10 90.63 90.63 PI0070-0000 MONTHLY SERVICE
01 IV R6010554 1/01/96 10 85.50 85.50 PI0103-0000 MONTHLY SERVICE
01 IV R6010555 1/01/96 10 90.63 90.63 PI0107-0000 MONTHLY SERVICE
01 IV R6010556 1/01/96 10 91.49 91.49 PI0110-0000 MONTHLY SERVICE
01 IV R6010557 1/01/96 10 91.06 91.06 PI0120-0000 MONTHLY SERVICE
01 IV R6010559 1/01/96 10 91.06 91.06 PI0140-0000 MONTHLY SERVICE
----------
2,518.08
13765 PICCADILLY 3218 UNIVERSITY BLVD S. JACKSONVILLE
CAFETERIA 01 IV R6010783 1/01/96 10 52.72 52.72 PI0090-0000 MONTHLY SERVICE
----------
52.72
18382 PICCADILLY 5950 RAMONA BLVD. JACKSONVILLE
CAFETERIA 01 IV R5120532 12/01/95 10 52.72 52.72 PI0080-0000 MONTHLY SERVICE
01 IV R6010529 1/01/96 10 52.72 52.72 PI0080-0000 MONTHLY SERVICE
----------
105.44
19066 PICCADILLY 200 MONUMENT ROAD JACKSONVILLE
CAFETERIA O1 IV R6010716 1/01/96 10 52.72 52.72 PI0100-0000 MONTHLY SERVICE
----------
52.72
8730 PIGGLY WIGGLY 514 E. HOWARD STREET LIVE OAK
01 IV R6010244 1/01/96 10 94.70 94.70 TH0610-0000 MONTHLY SERVICE
----------
94.70
13925 PIGGLY WIGGLY DIAL, HURSEY & ASSOCIATES PO BOX 1231 WINTER HAVEN
01 IV R5121262 12/01/95 10 100.49 100.49 PI0323-0000 MONTHLY SERVICE
01 IV R6011260 1/01/96 10 100.49 100.49 PI0323-0000 MONTHLY SERVICE
----------
200.98
21062 PIGGLY WIGGLY ATTN: MAINTENANCE DEPT. PO BOX 2486 BIRMINGHAM
01 IV R5121350 12/01/95 10 50.00 50.00 PI1310-0000 MONTHLY SERVICE
01 IV R6011348 1/01/96 10 50.00 50.00 PI1310-0000 MONTHLY SERVICE
----------
100.00
19030 PIGGLY WIGGLY - 226 NORTH MAIN STREET PO BOX 1399 CHIEFLAND
CHIEFLAND 01 IV R5061186 6/26/95 10 88.81 88.81 PI2010-0000 MONTHLY SERVICE
01 IV R5091185 9/01/95 10 88.81 88.81 PI2010-0000 MONTHLY SERVICE
01 IV R5101182 10/01/95 10 88.81 88.81 PI2010-0000 MONTHLY SERVICE
----------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 98
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19030 PIGGLY WIGGLY - 226 NORTH MAIN STREET PO BOX 1399 CHIEFLAND
CHIEFLAND O1 IV R5111181 11/01/95 10 88.81 88.81 PI2010-0000 MONTHLY SERVICE
01 IV R5121195 12/01/95 10 88.81 88.81 PI2010-0000 MONTHLY SERVICE
01 IV R6011194 1/01/96 10 88.81 88.81 PI2010-0000 MONTHLY SERVICE
---------
532.86
2296 PIGGLY WIGGLY - CROSS US #19 & ALLIGATOR ST. CROSS CITY
CITY 01 IV M0995147 9/22/95 40 160.42 160.42
---------
160.42
13835 PIGGLY - WIGGLY C/O BRUNO'S INC. PO BOX 2528 BIRMINGHAM,
SOUTHERN 01 IV R5111339 11/01/95 10 50.00 50.00 PI0213-0000 MONTHLY SERVICE
01 IV R5121351 12/01/95 10 50.00 50.00 PI0203-0001 MONTHLY SERVICE
01 IV R5121352 12/01/95 10 50.00 50.00 PI0213-0000 MONTHLY SERVICE
01 IV R6011349 1/01/96 10 50.00 50.00 PI0203-0001 MONTHLY SERVICE
01 IV R6011350 1/01/96 10 50.00 50.00 PI0213-0000 MONTHLY SERVICE
---------
250.00
13950 PITMAN & SONS, INC. 5400 LONGLEAF STREET POST OFFICE BOX 12529 JACKSONVILLE
01 IV R6010649 1/01/96 10 160.82 160.82 PI0500-0000 MONTHLY SERVICE
----------
160.82
19290 PITNEY BOWES 8375 DIX ELLIS TRAIL #301 JACKSONVILLE
01 IV R5121039 12/01/95 10 186.38 186.38 PI0544-0000 MONTHLY SERVICE
01 IV R6011039 1/01/96 10 186.38 186.38 PI0544-0000 MONTHLY SERVICE
---------
372.76
20163 PITNEY BOWES 3740 ST. JOHNS FLUFF ROAD JACKSONVILLE
01 IV R5120797 12/01/95 10 137.39 137.39 PI1300-0000 MONTHLY SERVICE
01 IV R6010784 1/01/96 10 137.39 137.39 PI1300-0000 MONTHLY SERVICE
---------
274.78
20190 PITNEY BOWES COPIERS 8933-11 WESTERN WAY JACKSONVILLE
O1 IV R6011040 1/01/96 10 59.64 59.64 PI1200-0000 MONTHLY SERVICE
---------
59.64
15720 PIZZA INN 1183 CHERRY STREET E. JESUP
01 IV R6010165 1/01/96 10 45.00 45.00 PI0133-0000 MONTHLY SERVICE
---------
45.00
18026 PIZZA INN LONGVIEW SHOPPING CENTER 1627 FREDERICA ROAD ST. SIMONS ISLAND
01 IV R5110115 11/01/95 10 27.50 27.50 PI0143-0000 MONTHLY SERVICE
01 IV R5120120 12/01/95 10 27.50 27.50 PI0143-0000 MONTHLY SERVICE
01 IV R6010121 1/01/96 10 27.50 27.50 PI0143-0000 MONTHLY SERVICE
---------
82.50
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 99
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19544 PIZZA INN 2302 MEMORIAL DRIVE WAYCROSS
01 IV R6010067 1/01/96 10 65.00 65.00 PI0163-0000 MONTHLY SERVICE
-----------
65.00
19545 PIZZA INN 803 SOUTH MAIN STREET BAXLEY
01 IV R6010081 1/01/96 10 45.00 45.00 PI0153-0000 MONTHLY SERVICE
-----------
45.00
21074 PLANET PREMIER 10503 SAN JOSE BOULEVARD #18 JACKSONVILLE
01 IV R6011078 1/01/96 10 69.23 69.23 PL0120-0000 MONTHLY SERVICE
-----------
69.23
18827 PLANTATION AT PONTE 220 PLANTATION CIRCLE PONTE VEDRA BEACH
VEDRA 01 IV R6010324 1/01/96 10 79.50 79.50 PL0800-0000 MONTHLY SERVICE
-----------
79.50
13970 PONCE DE LEON MALL ELAINE BEAVOR, MANAGER 2121 US HIGHWAY 1 SOUTH ST. AUGUSTINE
01 IV R5120377 12/01/95 10 137.45 137.45 PO0100-0000 MONTHLY SERVICE
01 IV R6010375 1/01/96 10 137.45 137.45 PO0100-0000 MONTHLY SERVICE
-----------
274.90
1037 PONCE DE LEON RESORT 4000 US #1 NORTH ST. AUGUSTINE
01 IV R5120388 12/01/95 10 449.07 449.07 PO0200-0000 MONTHLY SERVICE
01 IV R6010386 1/01/96 10 449.07 449.07 PO0200-0000 MONTHLY SERVICE
-----------
898.14
18862 PONDEROSA RESTAURANT 1137 US HIGHWAY 40 EAST KINGSLAND
01 IV R6010175 1/01/96 10 45.00 45.00 PO0113-0000 MONTHLY SERVICE
-----------
45.00
13980 PONTE VEDRA INN & 200 PONTE VEDRA BOULEVARD PONTE VEDRA
CLUB 01 IV M1095122 10/23/95 40 318.00 318.00
01 IV R6010325 1/01/96 10 393.51 393.51 PO0300-0000 MONTHLY SERVICE
-----------
711.51
19987 POP RADIO 1227 MAIN STREET BUFFALO
01 IV M1295078 12/06/95 40 2,040.00 2,040.00
-----------
2,040.00
19917 POPEYES #406 1713 SW PINE AVENUE OCALA
01 IV R6011204 1/01/96 10 31.80 31.80 PO0107-0000 MONTHLY SERVICE
-----------
31.80
13985 POPEYES FAMOUS ATTN: ACCOUNTS PAYABLE 5740 SPRING PARK ROAD JACKSONVILLE
CHICKEN 01 IV M1295043 12/05/95 40 55.00 55.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 2
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
13985 POPEYES FAMOUS ATTN: ACCOUNTS PAYABLE 5740 SPRING PARK ROAD JACKSONVILLE
CHICKEN 01 IV R6010790 1/01/96 10 105.28 105.28 PO0400-0000 MONTHLY SERVICE
01 IV R6010787 1/01/96 10 33.00 33.00 PO0123-0000 MONTHLY SERVICE
01 IV R6010788 1/01/96 10 700.67 700.67 PO0400-0000 MONTHLY SERVICE
01 IV R6010789 1/01/96 10 35.15 35.15 PO0400-0025 MONTHLY SERVICE
----------
929.10
20739 POWER HOUSE GYM 8535 BAYMEADOWS ROAD JACKSONVILLE
01 IV M0995036 9/05/95 40 95.85 95.85
----------
95.85
20842 PREMIER FOODS 3118 WEST EDGEWOOD AVENUE JACKSONVILLE
01 UC UC-43598 12/11/95 63.90- 63.90-
01 IV R6010651 1/01/96 10 63.90 63.90 PR0150-0000 MONTHLY SERVICE
20843 PREMIER FOODS 1824 WEST BEAVER STREET JACKSONVILLE
01 UC UC-43132 11/10/95 61.92- 61.92-
01 IV R5120653 12/01/95 10 63.90 63.90 PR0160-0000 MONTHLY SERVICE
01 IV R6010651 1/01/96 10 63.90 63.90 PR0160-0000 MONTHLY SERVICE
----------
65.88
20929 PROFESSIONAL INSURANCE 4811 BEACH BOULEVARD JACKSONVILLE
CO. 01 IV R6010621 1/01/96 10 184.79 184.79 PR0180-0000 MONTHLY SERVICE
----------
184.79
17012 PROPERTY BANK OF 790 N. PONCE DE LEON BLVD PO DRAWER 1690 ST AUGUSTINE
ST. AUG. 01 IV R6010363 1/01/96 10 65.30 65.30 PR0210-0000 MONTHLY SERVICE
01 IV R6010364 1/01/96 10 76.96 76.96 PR0360-0000 MONTHLY SERVICE
01 IV R6010365 1/01/96 10 77.92 77.92 PR0370-0000 MONTHLY SERVICE
----------
220.18
19139 PRUCARE 11261 SAN JOSE BOULEVARD JACKSONVILLE
01 IV R6010839 1/01/96 10 47.93 47.93 PR0104-0000 MONTHLY SERVICE
----------
47.93
19476 PRUCARE 4085 UNIVERSITY BLVD. SOUTH JACKSONVILLE
01 IV R6010785 1/01/96 10 47.93 47.93 PR0114-0000 MONTHLY SERVICE
----------
47.93
19477 PRUCARE 810 LANE AVENUE JACKSONVILLE
01 IV R6010530 1/01/96 10 47.93 47.93 PR0120-0000 MONTHLY SERVICE
----------
47.93
19989 PURCHASE CROSSROADS 8102 BLANDING BOULEVARD #14 JACKSONVILLE PR0134-0000 MONTHLY SERVICE
01 IV R6010956 1/01/96 10 47.93 47.93
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 101
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-----------
47.93
20066 PRUCARE NEIGHBORHOOD 1403 DUNN AVENUE #26 JACKSONVILLE
CENTER 01 IV R6010829 1/01/96 10 47.93 47.93 PR0130-0000 MONTHLY SERVICE
-----------
47.93
19444 PRUDENTIAL ATTN: TERRY KING 6611 SOUTHPOINT PARKWAY JACKSONVILLE
01 IV R6010786 1/01/96 10 235.58 235.58 PR0404-0000 MONTHLY SERVICE
-----------
235.58
19293 PRUDENTIAL HEALTH 1200 GULF LIFE DRIVE #701 JACKSONVILLE
CARE 01 IV R6010622 1/01/96 10 69.23 69.23 PR0414-0000 MONTHLY SERVICE
-----------
69.23
14010 PRUDENTIAL INSURANCE ATTN: TOMMY STEVENS 701 SAN MARCO DRIVE JACKSONVILLE
CO. 01 IV R6010623 1/01/96 10 429.20 429.20 PR0420-0000 MONTHLY SERVICE
-----------
429.20
17801 PRUDENTIAL RECORDS 6611 SOUTHPOINT PARKWAY JACKSONVILLE
CENTER 01 IV M0995020 9/05/95 40 139.60 139.60
01 IV M1195107 11/22/95 40 117.15 117.15
-----------
256.75
17386 PSI MANDARIN 3933 PRITMORE ROAD JACKSONVILLE
01 IV M1295137 12/15/95 40 220.00 220.00
-----------
220.00
14015 PUBLIX SUPER MARKETS ATTN: TELECOMMUNICATIONS DEPT. P.O. BOX 407 LAKELAND
INC. 01 IV R5121260 12/01/95 10 139.92 139.92 PU0105-0000 MONTHLY SERVICE
01 IV R5121259 12/01/95 10 1,398.31 1,398.00 PU0100-0000 MONTHLY SERVICE
01 IV R5121261 12/01/95 10 139.92 139.92 PU0107-0000 MONTHLY SERVICE
01 UC UC-886735 12/06/95 20.00- 20.00-
01 IV R6011257 1/01/96 10 1,398.31 1,398.31 PU0100-0000 MONTHLY SERVICE
01 IV R6011258 1/01/96 10 139.92 139.92 PU0105-0000 MONTHLY SERVICE
01 IV R6011259 1/01/96 10 139.92 139.92 PU0107-0000 MONTHLY SERVICE
-----------
3,336.30
20897 PUBLIX SUPER MARKETS, PUBLIX SUPER MARKETS, INC. 7041 COMMONWEALTH AVE., UNIT 1 JACKSONVILLE
INC. 01 IV M1195109 11/22/95 40 110.00 110.00
01 IV M1195131 11/29/95 40 208.82 208.82
01 IV M1295007 12/01/95 40 55.00 55.00
01 IV M1295001 12/01/95 40 55.00 55.00
01 IV M1295008 12/01/95 40 55.00 55.00
01 IV M1295002 12/01/95 40 55.00 55.00
01 IV MI295006 12/01/95 40 55.00 55.00
01 IV M1295003 12/01/95 40 55.00 55.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 102
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20897 PUBLIX SUPER PUBLIX SUPER MARKETS, INC. 7041 COMMONWEALTH AVE., UNIT 1 JACKSONVILLE,
MARKETS, INC. 01 IV M1295004 12/01/95 40 55.00 55.00
01 IV M1295046 12/05/95 40 612.63 612.63
01 IV M1295045 12/05/95 40 474.83 474.83
01 IV M1295044 12/05/95 40 133.13 133.13
01 IV M1295117 12/12/95 40 101.12 101.12
01 IV M1295150 12/19/95 40 208.82 208.82
01 IV M1295181 12/21/95 40 208.82 208.82
01 IV M1295182 12/21/95 40 114.09 114.09
01 IV M1295209 12/27/95 40 55.00 55.00
01 IV M1295220 12/28/95 40 280.90 280.90
----------
2,893.16
20641 PURPLE ONION 800 FLAGLER AVENUE JACKSONVILLE
01 IV R5110614 11/01/95 10 62.84 62.84 PU0110-0000 MONTHLY SERVICE
01 IV R5120626 12/01/95 10 62.84 62.84 PU0110-0000 MONTHLY SERVICE
01 IV R6010624 1/01/96 10 62.84 62.84 PU0110-0000 MONTHLY SERVICE
----------
188.52
20952 PUTNAM MEDICAL 6121 ST. JOHNS AVENUE PALATKA
ASSOCIATION 01 UC UC-5426 12/01/95 160.00- 160.00-
01 IV R5120444 12/01/95 10 51.94 51.94 PU0300-0000 MONTHLY SERVICE
01 IV R6010442 1/01/96 10 51.94 51.94 PU0300-0000 MONTHLY SERVICE
----------
56.12-
18498 PUTNAM STATE BANK 350 HIGHWAY 19 NORTH P0 DRAWER 1299 PALATKA
01 IV R6010311 1/01/96 10 88.51 88.51 PU0120-0000 MONTHLY SERVICE
----------
88.51
19751 QUALITY HEALTH OF 1625 LIME STREET FERNANDINA BEACH
FERNANDINA 01 IV R6010200 1/01/96 10 58.30 58.30 QU0150-0000 MONTHLY SERVICE
----------
58.30
18426 QUALITY INN 4660 SALISBURY ROAD JACKSONVILLE
01 IV R5121042 12/01/95 10 155.22 155.22 IM0104-0000 MONTHLY SERVICE
01 IV R6011042 1/01/96 10 155.22 155.22 IM0104-0000 MONTHLY SERVICE
----------
310.44
20152 QUALITY INN 125 VENTURE AVENUE BRUNSWICK
01 IV R6010158 1/01/96 10 80.00 80.00 QU0200-0000 MONTHLY SERVICE
----------
80.00
21087 QUIZNO'S SUBS 8535-4 BAYMEADOWS ROAD JACKSONVILLE
01 IV R6011043 1/01/96 10 58.58 58.58 QU0400-0000 MONTHLY SERVICE
----------
58.58
19108 R S & H INC. 4651 SALISBURY RD. PO BOX 4850 JACKSONVILLE
01 IV R6010456 1/01/96 10 154.43 154.43 RS0100-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 103
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
154.43
14150 R S PROPERTIES THREE SUITE #E-26 9501 ARLINGTON EXPRESSWAY JACKSONVILLE
01 IV R6010717 1/01/96 10 90.53 90.53 RE0400-0000 MONTHLY SERVICE
----------
90.53
14135 R. C. JONES FURNITURE 10131 ATLANTIC BLVD JACKSONVILLE
CO. 01 IV R5120865 12/01/95 10 60.17 60.17 IN0404-0000 MONTHLY SERVICE
01 IV R6010853 1/01/96 10 60.17 60.17 IN0404-0000 MONTHLY SERVICE
----------
120.34
21164 R.W. ALLEN 3555 ST. JOHN'S BLUFF ROAD S. JACKSONVILLE
& ASSOCIATES 01 IV M1295108 12/08/95 40 4,041.68 4,041.68
----------
4,041.68
2298 RACQUET POWER 3390 KORI ROAD JACKSONVILLE
01 IV R6011079 1/01/96 10 125.03 125.03 RA0034-0000 MONTHLY SERVICE
----------
125.03
11980 RADISSON 2900 S.W. 13TH STREET GAINESVILLE
01 IV R6011159 1/01/96 10 193.94 193.94 GA0300-0000 MONTHLY SERVICE
----------
193.94
2720 RAGTIME TAVERN INC. 207 ATLANTIC BOULEVARD ATLANTIC BEACH
01 IV R6010897 1/01/96 10 178.92 178.92 RA0140-0000 MONTHLY SERVICE
----------
178.92
19925 RAINBOW SPRINGS US #41 N PO BOX 99 DUNNELLON
COUNTRY CLUB 01 IV R5121285 12/01/95 10 79.77 79.77 RA0107-0000 MONTHLY SERVICE
01 IV R6011284 1/01/96 10 79.77 79.77 RA0107-0000 MONTHLY SERVICE
----------
159.54
2381 RAINTREE INN 102 SAN MARCO AVENUE ST. AUGUSTINE
01 IV R6010351 1/01/96 10 53.00 53.00 RA0150-0000 MONTHLY SERVICE
----------
53.00
17951 RALLY'S ATTN: LAURA PIERCE 10002 SHELBYVILLE ROAD LOUISVILLE
01 IV R6011359 1/01/96 10 26.63 26.63 RA0110-0000 MONTHLY SERVICE
01 IV R6011361 1/01/96 10 26.75 26.75 RA0180-0000 MONTHLY SERVICE
01 IV R6011362 1/01/96 10 26.63 26.63 RA0190-0000 MONTHLY SERVICE
01 IV R6011363 1/01/96 10 26.63 26.63 RA0200-0000 MONTHLY SERVICE
01 IV R6011364 1/01/96 10 45.26 45.26 RA0904-0000 MONTHLY SERVICE
01 IV R6011365 1/01/96 10 45.26 45.26 RA0914-0000 MONTHLY SERVICE
01 IV R6011369 1/01/96 10 26.63 26.63 RA1114-0000 MONTHLY SERVICE
01 IV R6011360 1/01/96 10 26.63 26.63 RA0164-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 104
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
17951 RALLY'S ATTN: LAURA PIERCE 10002 SHELBYVILLE ROAD LOUISVILLE
01 IV R6011366 1/01/96 10 45.26 45.26 RA0934-0000 MONTHLY SERVICE
01 IV R6011367 1/01/96 10 45.48 45.48 RA0944-0000 MONTHLY SERVICE
01 IV R6011368 1/01/96 10 45.26 45.26 RA0964-0000 MONTHLY SERVICE
-----------
386.42
20236 RALLY'S 7809 LEM TURNER ROAD JACKSONVILLE
01 IV M1295195 12/27/95 40 186.38 186.38
-----------
186.38
21179 RALLY'S 1526 KINGS ROAD JACKSONVILLE
01 IV M1295215 12/27/95 40 55.00 55.00
-----------
55.00
18135 RALLY'S - JAX FOODS 7504 ATLANTIC BLVD JACKSONVILLE
LTD 01 IV M1295143 12/19/95 40 55.00 55.00
-----------
55.00
14050 RAMADA INN 3241 GLYNN AVENUE BRUNSWICK
01 IV R6010122 1/01/96 10 90.15 90.15 RA0103-0000 MONTHLY SERVICE
01 IV R6010123 1/01/96 10 54.45 54.45 RA0113-0000 MONTHLY SERVICE
-----------
144.60
14090 RAMADA INN 3130 HARTLEY ROAD JACKSONVILLE
01 IV M1295184 12/21/95 40 282.81 282.81
01 IV R6010813 1/01/96 10 90.53 90.53 RA0544-0000 MONTHLY SERVICE
-----------
373.34
19941 RAMADA INN 3810 NW BLITCHTON ROAD OCALA
01 IV R5111194 11/01/95 10 212.00 212.00 RA0207-0000 MONTHLY SERVICE
01 IV R5121208 12/01/95 10 212.00 212.00 RA0207-0000 MONTHLY SERVICE
01 IV R6011206 1/01/96 10 212.00 212.00 RA0207-0000 MONTHLY SERVICE
-----------
636.00
12 RAMADA INN-JAX BCH 1201 N. FIRST STREET JAX BEACH
01 IV R601100776 1/01/96 10 177.32 177.32 RA0230-0000 MONTHLY SERVICE
-----------
177.32
19167 RANGER TRANSPORTATION 4057 CARMICHAEL AVENUE JACKSONVILLE
01 IV R5110615 11/01/95 10 223.65 223.65 RA0160-0000 MONTHLY SERVICE
01 IV R5120627 12/01/95 10 223.65 223.65 RA0160-0000 MONTHLY SERVICE
01 IV R6010625 1/01/96 10 223.65 223.65 RA0160-0000 MONTHLY SERVICE
-----------
670.95
14120 RAVINES COUNTY CLUB 2932 RAVINES ROAD MIDDLEBURG
01 IV R6010267 1/01/96 10 172.81 172.81 RA0094-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 105
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
172.81
19241 RAY'S CAFE 214 HOGAN STREET JACKSONVILLE
01 IV R6010477 1/01/96 10 37.28 37.28 RA0084-0000 MONTHLY SERVICE
----------
37.28
20735 RED BARN BBQ 5213 WESCONNET BOULEVARD JACKSONVILLE
01 IV R5120698 12/01/95 10 61.24 61.24 REO120-0000 MONTHLY SERVICE
01 IV R6010695 1/01/96 10 61.24 61.24 REO120-0000 MONTHLY SERVICE
---------
122.48
15810 RED LOBSTER INNS 32 BLANDING BLVD. ORANGE PARK
01 IV M1295123 12/12/95 40 55.00 55.00
---------
55.00
19712 REFLECT-A-LIGHT HIGHWAY #17 NORTH ROUTE 6 BOX 800 PALATKA
01 IV R6010443 1/01/96 10 65.77 65.77 REO410-0000 MONTHLY SERVICE
---------
65.77
15780 REGENCY DODGE, INC. 9875 ATLANTIC BLVD. JACKSONVILLE
01 IV R6010718 1/01/96 30 32.22 32.22 REO108-0000 MONTHLY SERVICE
---------
32.22
20619 REGENCY HARLEY 10399 ATLANTIC BOULEVARD JACKSONVILLE
DAVIDSON O1 IV R6010854 1/01/96 10 47.93 47.93 REO160-0000 MONTHLY SERVICE
---------
47.93
19492 REGENCY MAZDA 4025 NORTH MAIN STREET GAINESVILLE
01 IV R6011167 1/01/96 10 56.71 56.71 REO115-0000 MONTHLY SERVICE
---------
56.71
17738 REGENCY PARK SHOPPING C/O EQUITY PROPERTIES 668 NORTH ORLANDO AVENUE #211 MAITLAND
CENTER 01 IV R6011218 1/01/96 10 58.58 58.58 RE0450-0000 MONTHLY SERVICE
---------
58.58
19926 RHEINAUERS #5 2005 E SILVER SPRINGS BLVD. OCALA
01 IV R5121297 12/01/95 10 58.30 58.30 RHO107-0000 MONTHLY SERVICE
01 IV R6011296 1/01/96 10 127.20 127.20 RHO107-0000 MONTHLY SERVICE
---------
185.50
14180 RHODES FURNITURE 4700 WALGREEN ROAD JACKSONVILLE
01 IV R6010652 1/01/96 30 21.30 21.30 RHO208-0000 MONTHLY SERVICE
---------
21.30
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 106
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
14185 RHODES FURNITURE 5960 BEACH BLVD JACKSONVILLE
01 IV R6010626 1/01/96 30 21.30 21.30 RH0308-0000 MONTHLY SERVICE
----------
21.30
20836 RHODES FURNITURE 11030 PHILLIPS HIGHWAY JACKSONVILLE
01 IV R6010840 1/01/96 30 21.30 21.30 RH0128-0000 MONTHLY SERVICE
----------
21.30
20846 RHODES FURNITURE 2305 NW 13TH STREET GAINESVILLE
01 IV R6011112 1/01/96 30 21.20 21.20 RH0138-0000 MONTHLY SERVICE
----------
21.20
17815 RHODES FURNITURE CO. 266-25 BLANDING BLVD. ORANGE PARK
01 IV R6010296 1/01/96 30 21.40 21.40 RH0118-0000 MONTHLY SERVICE
----------
21.40
2581 RICH SEA PAK MCKINNON AIRPORT POST OFFICE BOX 20670 ST. SIMONS ISLAND
CORPORATION 01 IV R5120145 12/01/95 10 135.00 135.00 RI0040-0000 MONTHLY SERVICE
01 IV R6010149 1/01/96 10 135.00 135.00 RI0040-0000 MONTHLY SERVICE
----------
270.00
21144 RICH'S BAR-B-Q 10734 ATLANTIC BOULEVARD JACKSONVILLE
01 IV M1295100 12/08/95 40 415.35 415.35
01 IV R6010855 1/01/96 10 77.75 77.75 RI0170-0000 MONTHLY SERVICE
----------
493.10
19749 RICH'S BAR-B-QUE 1018 CASSAT AVENUE JACKSONVILLE
01 IV R5110523 11/01/95 10 42.60 42.60 RI0120-0000 MONTHLY SERVICE
01 IV R5120534 12/01/95 10 42.60 42.60 RI0120-0000 MONTHLY SERVICE
01 IV R6010531 1/01/96 10 42.60 42.60 RI0120-0000 MONTHLY SERVICE
----------
127.80
20445 RICH'S BBQ 505 NORTH ORANGE ST. GREEN COVE SPRINGS
01 IV R5120214 12/01/95 10 62.06 62.06 RI0160-0000 MONTHLY SERVICE
01 IV R6010217 1/01/96 10 62.06 62.06 RI0160-0000 MONTHLY SERVICE
----------
124.12
21005 RICH'S BBQ 11527 SAN JOSE BOULEVARD JACKSONVILLE
01 IV R5110820 11/01/95 10 61.77 61.77 RI0140-0000 MONTHLY SERVICE
01 IV R5120827 12/01/95 10 61.77 61.77 RI0140-0000 MONTHLY SERVICE
01 IV R6010814 1/01/96 10 61.77 61.77 RI0140-0000 MONTHLY SERVICE
----------
185.31
14205 RING POWER 8050 PHILLIPS HIGHWAY POST OFFICE BOX 45022
CORPORATION 01 IV R5120892 12/01/95 10 307.79 307.79 RI0100-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 107
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
14205 RING POWER 8050 PHILLIPS HIGHWAY POST OFFICE BOX 45022 JACKSONVILLE
CORPORATION 01 IV MI295194 12/22/95 40 383.40 383.40
01 IV R6010881 1/01/96 10 307.79 307.79 RI0100-0000 MONTHLY SERVICE
----------
998.98
20826 RIO BRAVO 8520 BAYMEADOWS ROAD JACKSONVILLE
01 IV R6011044 1/01/96 10 63.90 63.90 RI0108-0000 MONTHLY SERVICE
----------
63.90
19507 RITZ CARLTON 4750 AMELIA ISLAND PARKWAY AMELIA ISLAND
01 IV R5120198 12/01/95 10 567.10 567.10 RI0110-0000 MONTHLY SERVICE
01 IV R6010201 1/01/96 10 567.10 567.10 RI0110-0000 MONTHLY SERVICE
----------
1,134.20
19927 RIVER BOAT STEAKHOUSE 2330 S. PINE STREET OCALA
01 IV R5091295 9/01/95 10 119.25 119.25 RI0107-0000 MONTHLY SERVICE
01 IV R5101296 10/01/95 10 119.25 119.25 RI0107-0000 MONTHLY SERVICE
01 IV R5111295 11/01/95 10 119.25 119.25 RI0107-0000 MONTHLY SERVICE
01 IV R5121309 12/01/95 10 119.25 119.25 RI0107-0000 MONTHLY SERVICE
01 IV R6011306 1/01/96 10 119.25 119.25 RI0107-0000 MONTHLY SERVICE
----------
596.25
20375 RIVER CITY BREWERY 9810 BAYMEADOWS ROAD JACKSONVILLE
01 IV R5110471 11/01/95 10 175.73 175.73 RI0130-0000 MONTHLY SERVICE
01 IV R5120481 12/01/95 10 175.73 175.73 RI0130-0000 MONTHLY SERVICE
01 IV R6010635 1/01/96 10 175.73 175.73 RI0130-0000 MONTHLY SERVICE
----------
527.19
21095 RIVER CITY BREWERY 835 MUSEUM DRIVE JACKSONVILLE
01 IV M1295196 12/27/95 40 1,224.75 1,224.75
----------
1,224.75
13995 RIVER CITY CHRYSLER/PLYMOUTH 1736 CASSAT AVENUE JACKSONVILLE
CHRYSLER/PLYMOUTH 01 IV R6010683 1/01/96 10 120.35 120.35 PO0404-0000 MONTHLY SERVICE
----------
120.35
18172 RIVER PLACE SHOPPING C/O BAITA PROPERTY MGMT 8130 BAYMEDOWS WAY WEST #302 JACKSONVILLE
CENTER 01 IV R6011045 1/01/96 10 87.86 87.86 RI0150-0000 MONTHLY SERVICE
----------
87.86
920 RIVERSIDE CLINIC ATTN: ACCOUNTS PAYABLE 2005 RIVERSIDE AVENUE JACKSONVILLE
01 UC R6010516 1/01/96 79.88 79.88 RI0200-0000 MONTHLY SERVICE
----------
79.88
14215 RIVERSIDE HOSPITAL 2033 RIVERSIDE AVENUE JACKSONVILLE
01 IV R6010517 1/01/96 10 71.17 71.17 RI0300-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 108
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------- ---------------- -- -- ------------ -------- ---- ------------ ---------- ----------- -----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-----------
71.17
21110 ROCKY'S RIBS 7520 WEST NEWBERRY ROAD GAINESVILLE
01 IV M1195047 11/07/95 40 306.34 306.34
01 IV M1195116 11/29/95 40 99.64 99.64
01 IV R5121139 11/01/95 10 47.70 47.70 RO0250-0000 MONTHLY SERVICE
01 IV R6011140 1/01/96 10 47.70 47.70 RO0250-0000 MONTHLY SERVICE
-----------
501.38
12210 ROLLINS HUDIG HALL 9000 REGENCY SQUARE BLVD. POST OFFICE BOX 8300 JACKSONVILLE
OF FLA 01 IV M1295124 12/12/95 40 55.00 55.00
01 IV R6010719 1/01/96 10 90.53 90.53 HA0500-0000 MONTHLY SERVICE
-----------
145.53
20050 ROOMS TO GO 11540 US HIGHWAY 92 E. SEFFNER
01 IV R5121252 12/01/95 10 69.23 69.23 RO0210-0000 MONTHLY SERVICE
01 IV R6011247 1/01/96 10 69.55 69.55 RO0100-0000 MONTHLY SERVICE
01 IV R6011248 1/01/96 10 68.90 68.90 RO0107-0000 MONTHLY SERVICE
01 IV R6011249 1/01/96 10 69.23 69.23 RO0200-0000 MONTHLY SERVICE
01 IV R6011250 1/01/95 10 69.23 69.23 RO0200-0000 MONTHLY SERVICE
-----------
346.14
14245 ROOSEVELT MALL C/O EWING SOUTHEAST REALTY INC 4529 ROOSEVELT BLVD JACKSONVILLE
01 IV R6010684 1/01/96 10 190.10 190.10 RO0300-0000 MONTHLY SERVICE
-----------
190.10
18636 ROSENBLUMS 1550 UNIVERSITY BLVD. WEST JACKSONVILLE
01 IV R6010815 1/01/96 10 79.88 79.88 RO0144-0000 MONTHLY SERVICE
-----------
79.88
19929 ROTSTEIN, DR. MICHAEL 1007 SW 1ST AVE OCALA
01 IV R6011322 1/01/96 10 39.01 39.01 RO0207-0000 MONTHLY SERVICE
-----------
39.01
17624 ROUSE-JACKSONVILLE 2 INDEPENDENT DRIVE JACKSONVILLE
01 IV R6010479 1/01/96 10 228.44 228.44 JA0220-0000 MONTHLY SERVICE
-----------
228.44
19202 RUSSELL CORPORATION PO BOX 272 ALEXANDER CITY
01 IV R6011347 1/01/96 10 72.08 72.08 JE0100-0000 MONTHLY SERVICE
-----------
72.08
14265 RYAN'S #1 3546 BLANDING BLVD JACKSONVILLE
01 IV M1295223 12/28/95 40 133.13 133.13
-----------
133.13
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 109
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19930 RYAN'S #108 3933 E. SILVER SPRINGS BLVD. OCALA
01 IV M1195132 11/29/95 40 68.69 68.69
---------
68.69
14270 RYAN'S #2 4923 UNIVERSITY BLVD W. JACKSONVILLE
01 IV M1295193 12/22/95 40 133.13 133.13
---------
133.13
14275 RYAN'S #3 7700 MERRILL ROAD JACKSONVILLE
01 IV M1295197 12/27/95 40 133.13 133.13
---------
133.13
14280 RYAN'S #4 475 BLANDING BLVD ORANGE PARK
01 IV M1295222 12/28/95 40 133.75 133.75
---------
133.75
14285 RYAN'S #5 11702 BEACH BLVD. JACKSONVILLE
01 IV M1295166 12/19/95 40 133.13 133.13
---------
133.13
2647 RYAN'S #6 1008 N. EDGEWOOD AVENUE JACKSONVILLE
01 IV M1295200 12/27/95 40 133.13 133.13
---------
133.13
17581 RYAN'S CORPORATE OFFICE 2113 FLORIDA BLVD SUITE #A NEPTUNE BEACH
01 IV R5120898 12/01/95 10 46.59 46.59 RY0040-0000 MONTHLY SERVICE
01 IV R5120899 12/01/95 10 46.59 46.59 RY0050-0000 MONTHLY SERVICE
01 IV R5120900 12/01/95 10 46.59 46.59 RY0060-0000 MONTHLY SERVICE
01 IV R5120902 12/01/95 10 46.81 46.81 RY0080-0000 MONTHLY SERVICE
01 IV R5120903 12/01/95 10 46.59 46.59 RY0090-0000 MONTHLY SERVICE
01 IV R5120901 12/01/95 10 46.59 46.59 RY0070-0000 MONTHLY SERVICE
01 IV R5120905 12/01/95 10 46.59 46.59 RY0110-0000 MONTHLY SERVICE
01 IV R5120906 12/01/95 10 46.38 46.38 RY0124-0000 MONTHLY SERVICE
01 IV R6010900 1/01/96 10 46.59 46.59 RY0060-0000 MONTHLY SERVICE
01 IV R6010901 1/01/96 10 46.59 46.59 RY0070-0000 MONTHLY SERVICE
01 IV R6010902 1/01/96 10 46.81 46.81 RY0080-0000 MONTHLY SERVICE
01 IV R6010898 1/01/96 10 46.59 46.59 RY0040-0000 MONTHLY SERVICE
01 IV R6010899 1/01/96 10 46.59 46.59 RY0050-0000 MONTHLY SERVICE
01 IV R6010903 1/01/96 10 46.59 46.59 RY0090-0000 MONTHLY SERVICE
01 IV R6010904 1/01/96 10 46.38 46.38 RY0107-0000 MONTHLY SERVICE
01 IV R6010905 1/01/96 10 50.06 50.06 RY0110-0000 MONTHLY SERVICE
01 IV R6010906 1/01/96 10 46.38 46.38 RY0124-0000 MONTHLY SERVICE
01 IV R6010907 1/01/96 10 46.38 46.38 RY0130-0000 MONTHLY SERVICE
---------
841.69
20730 RYAN'S OF BRUNSWICK 665 SCRANTON ROAD BRUNSWICK
01 IV R6010124 1/01/96 10 47.00 47.00 RY0190-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 110
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
47.00
19264 RYANS #127 5100 US 90 WEST LAKE CITY
01 IV M1295199 12/27/95 40 132.50 132.50
---------
132.50
14305 S & S CAFETERIA 3606 BLANDING BLVD JACKSONVILLE
01 IV R6010685 1/01/96 10 52.09 52.09 SA0100-0000 MONTHLY SERVICE
---------
52.09
21127 SABO'S ITALIAN AMERICAN 7448 SR #21 NORTH KEYSTONE HEIGHTS
REST. 01 IV M1295069 12/06/95 40 107.00 107.00
---------
107.00
21128 SABO'S PIZZA & ITALIAN 4109 CRILL AVENUE PALATKA
01 IV M1295160 12/19/95 40 106.00 106.00
---------
106.00
20848 SAFECARD SERVICES ATTN: ACCTS PAYABLE-KAY DAVIS 7596 CENTURION PARKWAY JACKSONVILLE
01 IV R6011046 1/01/96 10 37.28 37.28 SA0170-0000 MONTHLY SERVICE
---------
37.28
20434 SALTY'S 1965 LANE AVENUE SOUTH JACKSONVILLE
01 IV R6010532 1/01/96 10 47.93 47.93 SA0150-0000 MONTHLY SERVICE
---------
47.93
14705 SAM'S ST. JOHNS SEAFOOD 1464 PARK AVENUE ORANGE PARK
01 IV R6010297 1/01/96 10 58.85 58.85 ST0134-0000 MONTHLY SERVICE
---------
58.85
18762 SAM'S ST. JOHNS SEAFOOD 4453 BLANDING BOULEVARD JACKSONVILLE
01 IV R5120688 12/01/95 10 63.90 63.90 SA0154-0000 MONTHLY SERVICE
01 IV R6010686 1/01/96 10 63.90 63.90 SA0154-0000 MONTHLY SERVICE
---------
127.80
20223 SAM'S ST. JOHNS SEAFOOD 7119 US HIGHWAY 441 NW OCALA
01 IV R5121202 12/01/95 10 68.90 68.90 SA0184-0000 MONTHLY SERVICE
01 IV R6011201 1/01/96 10 68.90 68.90 SA0184-0000 MONTHLY SERVICE
---------
137.80
316 SAN JOSE CATHOLIC CHURCH 3619 TOLEDO ROAD JACKSONVILLE
01 IV M1295121 12/12/95 40 55.00 55.00
---------
55.00
700 SAN JOSE COUNTY CLUB 7529 SAN JOSE BLVD JACKSONVILLE
01 IV M1295157 12/19/95 40 2,769.00 2,769.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 111
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
700 SAN JOSE COUNTRY CLUB 7529 SAN JOSE BLVD JACKSONVILLE
01 IV R6010816 1/01/96 10 300.33 300.33 SA0800-0000 MONTHLY SERVICE
--------
3,069.33
20482 SAN MARCO GRILLE ATTN: VIVIAN BOSCH 3606 FORT PEYTON CIRCLE ST. AUGUSTINE
01 IV R5060364 6/01/95 20 109.32 109.32 SA0316-0000 MONTHLY SERVICE
01 IV R5060359 6/26/95 20 109.32 109.32 SA0316-0000 MONTHLY SERVICE
01 IV R5080368 8/01/95 20 109.32 109.32 SA0316-0000 MONTHLY SERVICE
01 IV R5090367 9/01/95 20 109.32 109.32 SA0316-0000 MONTHLY SERVICE
01 IV R5100373 10/01/95 20 109.32 109.32 SA0316-0000 MONTHLY SERVICE
01 IV R5110370 11/01/95 20 109.32 109.32 SA0316-0000 MONTHLY SERVICE
01 IV R5120378 12/01/95 20 109.32 109.32 SA0316-0000 MONTHLY SERVICE
01 IV R6010376 1/01/96 20 109.32 109.32 SA0316-0000 MONTHLY SERVICE
--------
874.56
2239 SANTA MARIA RESTAURANT 135 MENENDEZ AVENUE ST. AUGUSTINE
01 IV R5120354 12/01/95 10 254.85 254.85 SA0310-0000 MONTHLY SERVICE
01 IV R6010352 1/01/96 10 254.85 254.85 SA0310-0000 MONTHLY SERVICE
--------
509.70
21142 SATURN ATTN: ACCOUNTS PAYABLE 10863 PHILLIPS HIGHWAY JACKSONVILLE
01 IV R6011047 1/01/96 10 66.56 66.56 SA0124-0000 MONTHLY SERVICE
01 IV R6011048 1/01/96 10 97.98 97.98 SA0310-0000 MONTHLY SERVICE
01 IV R6011049 1/01/96 10 92.66 92.66 SA0164-0000 MONTHLY SERVICE
--------
257.20
8140 SAWGRASS ADM. BUILDING 10033 SAWGRASS DRIVE WEST ATTN: INVICTUS PROPERTY MGMT PO BOX 6746
01 IV R6010912 1/01/96 10 49.39 49.39 SA1300-0000 MONTHLY SERVICE
--------
49.39
8135 SAWGRASS BEACH CLUB 10034 GOLF CLUB DRIVE PONTE VEDRA BEACH
01 IV R5120326 12/01/95 10 206.70 206.70 SA1200-0001 MONTHLY SERVICE
01 IV M1295098 12/08/95 40 482.30 482.30
01 IV R6010326 1/01/96 10 206.70 206.70 SA1200-0001 MONTHLY SERVICE
--------
895.70
17331 SAWGRASS COUNTRY CLUB 10034 GOLF CLUB DRIVE PONTE VEDRA BEACH
01 IV M0995061 9/05/95 40 77.92 77.92
--------
77.92
20911 SAWGRASS POOL & ACTIVITIES 10034 GOLF CLUB DRIVE PONTE VEDRA BEACH
01 IV R5120327 12/01/95 10 196.10 196.10 SA1550-0000 MONTHLY SERVICE
01 IV R6010327 1/01/96 10 196.10 196.10 SA1550-0000 MONTHLY SERVICE
--------
392.20
17224 SAWGRASS VILLAGE/IML C/O LP MANAGEMENT ATTN: PATTY BUTLER 4 SAWGRASS VILLAGE #110
PROPERTIE 01 IV R6010316 1/01/96 10 137.27 137.27 SA1500-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 112
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
137.27
689 SAWYER GAS 7162 PHILLIPS HWY. JACKSONVILLE
01 IV R6010791 1/01/96 10 41.85 41.85 SA1400-0000 MONTHLY SERVICE
---------
41.85
14405 SEA ISLAND COMPANY ATTN: ACCOUNTING DEPARTMENT PO BOX 861 SEA ISLAND
01 IV R6010184 1/01/96 10 106.48 106.48 SE0103-OOOO MONTHLY SERVICE
---------
106.48
19280 SEA ISLAND GOLF CLUB 100 RETREAT ROAD ST. SIMONS ISLAND
01 IV R6010150 1/01/96 10 35.00 35.00 SE0113-0000 MONTHLY SERVICE
---------
35.00
14400 SEA LAND SERVICE INC. ATTN: ACCOUNTS PAYABLE PO BOX 3281 JACKSONVILLE
01 IV R5110562 11/01/95 10 37.28 37.28 SE011O-0000 MONTHLY SERVICE
O1 IV R5120573 12/01/95 10 37.28 37.28 SE0110-0000 MONTHLY SERVICE
01 IV R6010571 1/01/96 10 37.28 37.28 SE0110-0000 MONTHLY SERVICE
---------
111.84
14425 SEA PALMS RESORT 5445 FREDERICA ROAD ST. SIMON'S ISLAND
01 IV R5120148 12/01/95 10 35.00 35.00 SE0213-0000 MONTHLY SERVICE
01 IV R6010152 1/01/96 10 35.00 35.00 SE0213-0000 MONTHLY SERVICE
---------
70.00
83 SEA TURTLE 1 OCEAN BLVD. ATLANTIC BEACH
01 IV R5050903 5/01/95 10 595.37 435.59 SE0140-0000 MONTHLY SERVICE
01 UC UC-225 5/12/95 107.86- 107.86-
01 IV R5060915 6/01/95 10 595.37 595.37 SE0140-0000 MONTHLY SERVICE
01 IV R5060895 6/26/95 10 595.37 595.37 SE0140-0000 MONTHLY SERVICE
01 IV R5080914 8/01/95 10 595.37 595.37 SE0140-0000 MONTHLY SERVICE
01 IV R5090893 9/01/95 10 595.37 595.37 SE0140-0000 MONTHLY SERVICE
01 IV R5100902 10/01/95 10 595.37 595.37 SE0140-0000 MONTHLY SERVICE
01 IV R5110902 11/01/95 10 595.37 595.37 SE0140-0000 MONTHLY SERVICE
01 IV DM2 11/27/95 12 5.00 5.00 NSF CK FEE
01 IV R5120908 12/01/95 10 595.37 595.37 SE0140-0000 MONTHLY SERVICE
01 IV R6010908 1/01/96 10 595.37 595.37 SE0140-0000 MONTHLY SERVICE
---------
5,095.69
20457 SEAFOOD GALORE PO BOX 17294 JACKSONVILLE
01 IV R5120970 12/01/95 10 42.60 42.60 SE0130-0000 MONTHLY SERVICE
01 IV R6010970 1/01/96 10 42.60 42.60 SE0130-0000 MONTHLY SERVICE
---------
85.20
17400 SEAFOOD KITCHEN RESTAURANT 31 ROYAL PALM DRIVE ATLANTIC BEACH
01 IV R6010909 1/01/96 10 52.72 52.72 SE0010-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 113
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
52.72
18855 SEARS 10302 SOUTHSIDE BOULEVARD JACKSONVILLE
01 IV M1295135 12/15/95 40 298.20 298.20
---------
298.20
19932 SEARS 201 SW 33RD STREET OCALA
01 IV R6011323 1/01/96 10 47.70 47.70 SE0107-0000 MONTHLY SERVICE
---------
47.70
14460 SEARS LOGISTIC SERVICES 10501 BUSCH DRIVE NO. JACKSONVILLE
01 IV R6010830 1/01/96 10 60.09 60.09 SE0804-0000 MONTHLY SERVICE
---------
60.09
21149 SEARS SERVICE CENTER 3555 ST. JOHNS BLUFF ROAD JACKSONVILLE
01 IV R6010976 1/01/96 10 58.58 58.58 SE0150-0000 MONTHLY SERVICE
---------
58.58
14435 SEARS, ROEBUCK & CO. GLYNN PLACE MALL 3 MALL BLVD BRUNSWICK
01 IV R6010125 1/01/96 10 41.97 41.97 SE0313-0000 MONTHLY SERVICE
---------
41.97
14440 SEARS, ROEBUCK & CO. REGENCY SQUARE 9501 ARLINGTON EXPRESSWAY JACKSONVILLE
01 IV R6010720 1/01/96 10 49.16 49.16 SE0450-0000 MONTHLY SERVICE
---------
49.16
14445 SEARS, ROEBUCK & CO. 3333 N. CANAL STREET JACKSONVILLE
01 IV R6010653 1/01/96 10 37.28 37.28 SE0500-0000 MONTHLY SERVICE
---------
37.28
14450 SEARS, ROEBUCK & CO. 1910 WELLS ROAD ORANGE PARK
01 IV R6010298 1/01/96 10 61.05 61.05 SE0604-0000 MONTHLY SERVICE
---------
61.05
17132 SEASIDE MARKET 312 MOODY BLVD. POST OFFICE BOX 1027 FLAGLER BEACH
01 IV R6010213 1/01/96 10 45.31 45.31 SE0850-0000 MONTHLY SERVICE
---------
45.31
14475 SELVA MARINA COUNTRY CLUB 1600 SELVA MARINA DRIVE ATLANTIC BEACH
01 IV R5100904 10/01/95 10 136.85 136.85 SE1000-0000 MONTHLY SERVICE
01 IV R5110904 11/01/95 10 136.85 136.85 SE1000-0000 MONTHLY SERVICE
01 IV R5120910 12/01/95 10 136.85 136.85 SE1000-0000 MONTHLY SERVICE
01 IV R6010910 1/01/96 10 136.85 136.85 SE1000-0000 MONTHLY SERVICE
---------
547.40
21106 SERVFIRST, INC. 4910 GENDA DRIVE AMELIA ISLAND
01 IV R6010202 1/01/96 10 52.47 52.47 WE1220-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 114
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
21106 SERVFIRST, INC. 4910 GENOA DRIVE AMELIA ISLAND
01 IV R6010203 1/01/96 10 52.72 52.72 WE1230-0000 MONTHLY SERVICE
---------
105.19
20714 SERVICE MERCHANDISE #230 9041 SOUTHSIDE BOULEVARD #140 JACKSONVILLE
01 IV M1295134 12/15/95 40 450.99 450.99
---------
450.99
19977 SERVICE MERCHANDISE #245 2405 SW 27TH AVENUE OCALA
01 IV M1295205 12/27/95 40 340.26 340.26
---------
340.26
20807 SHANDS HOME CARE 8382 BAYMEADOWS ROAD JACKSONVILLE
01 IV R6011050 1/01/96 10 45.00 45.00 SH0130-0000 MONTHLY SERVICE
---------
45.00
20790 SHANDS HOME HEALTH CARE ATTN: CAROLYN JOHNSON/DIR OPR 1600 SW ARCHER ROAD GAINESVILLE
01 IV R6011160 1/01/96 20 55.00 55.00 SH0106-0000 MONTHLY SERVICE
---------
55.00
17595 SHERATON PALM COAST RESORT 300 CLUB HOUSE DRIVE PALM COAST
01 IV R5060196 6/01/95 10 373.03 373.03 SH0410-0000 MONTHLY SERVICE
01 IV R5100208 10/01/95 10 373.03 373.03 SH0410-0000 MONTHLY SERVICE
01 IV R5120211 12/01/95 10 373.03 373.03 SH0410-0000 MONTHLY SERVICE
01 IV R6010214 1/01/96 10 373.03 373.03 SH0410-0000 MONTHLY SERVICE
---------
1,492.12
11695 SHERLON INVESTMENT CORP C/O FORAM GROUP INC. 550 WATER STREET #416 JACKSONVILLE
01 IV R6010480 1/01/96 10 135.02 135.02 SH0550-0000 MONTHLY SERVICE
---------
135.02
8275 SHONEY'S HWY. 341 & I-95 BRUNSWICK
01 IV M1295147 12/19/95 40 55.00 55.00
---------
55.00
17151 SHONEY'S ATTN: CALVIN THORNALL 6301 SAN JUAN AVENUE JACKSONVILLE
01 UC UC-1625964 9/18/95 128.86- 128.86-
01 IV R6010687 1/01/96 10 38.00 38.00 SH0213-0000 MONTHLY SERVICE
---------
90.86-
18857 SHONEY'S PO BOX 464 VIDALIA
01 IV R6010035 1/01/96 10 103.88 103.88 SH0220-0000 MONTHLY SERVICE
---------
103.88
21159 SHONEY'S #3 KINGS WAY PALM COAST
01 IV M1295198 12/27/95 40 1,472.64 1,472.64
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 115
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
1,472.64
19460 SHONEY'S, INC. 1701 E. VICTORY DRIVE SAVANNAH
01 IV R6010057 1/01/96 10 38.00 38.00 SH0203-0001 MONTHLY SERVICE
01 IV R6010058 1/01/96 10 38.00 38.00 SH0403-0000 MONTHLY SERVICE
--------
76.00
19587 SHOPPES OF NORTHSHORE PO BOX 1929 DEL RAY BEACH
01 IV R5101230 10/01/95 10 56.45 56.45 SH0104-0000 MONTHLY SERVICE
01 IV R5111230 11/01/95 10 56.45 56.45 SH0104-0000 MONTHLY SERVICE
01 IV R5121244 12/01/95 10 56.45 56.45 SH0104-0000 MONTHLY SERVICE
01 IV R6011242 1/01/96 10 56.45 56.45 SH0104-0000 MONTHLY SERVICE
--------
225.80
21096 SIERRA GRILLE, INC. 331 MARSH LANDING PARKWAY JACKSONVILLE BEACH
01 IV R6011008 1/01/96 10 69.23 69.23 SI0140-0000 MONTHLY SERVICE
--------
69.23
19933 SIMMS FURNITURE MART 9311 SR 200 SW OCALA
01 IV R5081220 8/01/95 10 42.40 42.40 SI0107-0000 MONTHLY SERVICE
01 IV R5091199 9/01/95 10 42.40 42.40 SI0107-0000 MONTHLY SERVICE
01 IV R5101196 10/01/95 10 42.40 42.40 SI0107-0000 MONTHLY SERVICE
01 IV R5111195 11/01/95 10 42.40 42.40 SI0107-0000 MONTHLY SERVICE
01 IV R5121209 12/01/95 10 42.40 42.40 SI0107-0000 MONTHLY SERVICE
01 IV R6011207 1/01/96 10 42.40 42.40 SI0107-0000 MONTHLY SERVICE
--------
254.40
20187 SKYLINE SINGLE WIDE PO BOX 2648 OCALA
DIVISION 01 IV R6011332 1/01/96 10 79.50 79.50 SK0100-0000 MONTHLY SERVICE
--------
79.50
20484 SO.BELL BUS. CUST. 301 WEST BAY STREET, 25TH FLR. JACKSONVILLE
ADVOCATE 01 IV R6010481 1/01/96 10 58.58 58.58 SO1200-0000 MONTHLY SERVICE
--------
58.58
26 SONNY'S 1720 US 1 SOUTH ST. AUGUSTINE
01 IV R6010353 1/01/96 20 103.19 103.19 SO0806-0000 MONTHLY SERVICE
--------
103.19
735 SONNY'S 1935-1 SOUTH LANE AVENUE JACKSONVILLE
01 IV R6010688 1/01/96 10 82.01 82.01 SO0600-0000 MONTHLY SERVICE
01 IV R6010689 1/01/96 10 82.01 82.01 SO1050-0000 MONTHLY SERVICE
--------
164.02
2052 SONNY'S 1976 KINGSLEY AVENUE ORANGE PARK
01 IV R6010299 1/01/96 10 82.01 82.01 SO0200-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 116
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
2052 SONNY'S 1976 KINGSLEY AVENUE ORANGE PARK
01 IV R6010300 1/01/96 10 82.01 82.01 SO1020-0000 MONTHLY SERVICE
01 IV R6010301 1/01/96 10 82.39 82.39 SO1030-0000 MONTHLY SERVICE
---------
246.41
2240 SONNY'S 210 A1A WEST POST OFFICE BOX 4 FERNANDINA BEACH
01 IV R6010204 1/01/96 10 190.80 190.80 SO1010-0000 MONTHLY SERVICE
---------
190.80
2668 SONNY'S 230 SOUTH TEMPLE POST OFFICE BOX 1120 STARKE
01 IV R6010380 1/01/96 20 101.65 101.65 SO1076-0000 MONTHLY SERVICE
---------
101.65
19065 SONNY'S DAYTONA LAKE CITY BBQ LTD 2531 N.W. 41ST STREET GAINESVILLE
01 IV R6011141 1/01/96 10 71.55 71.55 SO1060-0000 MONTHLY SERVICE
---------
71.55
19722 SONNY'S SONNY'S REAL PIT BAR-B-Q 1935-1 SOUTH LANE AVENUE JACKSONVILLE
01 UC UC-29334 12/11/95 164.02- 164.02-
01 IV R6010654 1/01/96 10 82.01 82.01 SO1080-0000 MONTHLY SERVICE
01 IV R6010655 1/01/96 10 82.01 82.01 SO1090-0000 MONTHLY SERVICE
---------
19934 SONNY'S 1845 SW COLLEGE ROAD OCALA
01 IV M1295119 12/12/95 40 157.94 157.94
01 IV R6011297 1/01/96 10 58.30 58.30 SO0107-0000 MONTHLY SERVICE
---------
216.24
19935 SONNY'S 4102 E. SILVER SPRINGS BLVD OCALA
01 IV R6011298 1/01/96 10 58.30 58.30 SO0207-0000 MONTHLY SERVICE
---------
58.30
15930 SONNY'S OF BRUNSWICK 5328 NEW JESUP HIGHWAY BRUNSWICK
01 IV R6010159 1/01/96 10 125.00 125.00 SO1053-0000 MONTHLY SERVICE
---------
125.00
15925 SONNY'S REAL PIT BBQ ATTN: MARY 2605 MAITLAND CTR. PKY. C MAITLAND
01 IV R6011220 1/01/96 10 78.44 78.44 SO1044-0000 MONTHLY SERVICE
01 IV R6011221 1/01/96 10 78.44 78.44 SO1054-0000 MONTHLY SERVICE
---------
156.88
1072 SONNY'S/PALATKA 2608 REID STREET PALATKA
01 IV R6010310 1/01/96 10 81.62 81.62 SO0900-0000 MONTHLY SERVICE
---------
81.62
19000 SOUTH BEACH ASSOCIATES 200 GALLERIA PKWY #1400 ATLANTA
01 IV R6010029 1/01/96 10 130.46 130.46 SA0174-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 117
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
130.46
19515 SOUTH BEACH GRILLE 2429 S. THIRD STREET JACKSONVILLE BEACH
01 IV R5081013 8/01/95 10 74.55 74.55 HA0130-0000 MONTHLY SERVICE
01 IV R5090992 9/01/95 10 74.55 74.55 HA0130-0000 MONTHLY SERVICE
01 IV R5101003 10/01/95 10 74.55 74.55 HA0130-0000 MONTHLY SERVICE
01 IV R5111004 11/01/95 10 74.55 74.55 HA0130-0000 MONTHLY SERVICE
01 IV R5121009 12/01/95 10 74.55 74.55 HA0130-0000 MONTHLY SERVICE
01 IV R6011009 1/01/96 10 74.55 74.55 HA0130-0000 MONTHLY SERVICE
---------
447.30
18368 SOUTH BLANDING VILLAGE C/0 BARRE MGMT GROUP INC. 201 ALLEN ROAD #400 ATLANTA
01 IV R6010028 1/01/96 10 77.58 77.58 SO0700-0000 MONTHLY SERVICE
---------
77.58
19081 SOUTH TRUST BANK PO BOX 7219 JACKSONVILLE
01 IV R6010930 1/01/96 10 43.67 43.67 FI0180-0000 MONTHLY SERVICE
01 IV R6010931 1/01/96 10 66.72 66.72 FI0200-0000 MONTHLY SERVICE
---------
110.39
19939 SOUTH TRUST BANK 2001 SW 17TH STREET OCALA
01 IV R6011333 1/01/96 10 84.80 84.80 SO0607-0000 MONTHLY SERVICE
---------
84.80
18155 SOUTHEAST TOYOTA DISTRIBUTORS 1751 TALLEYRAND AVENUE PO BOX 3341 JACKSONVILLE
01 IV R6010572 1/01/96 10 37.28 37.28 JO0110-0000 MONTHLY SERVICE
---------
37.28
2639 SOUTHEASTERN ALUMINUM 6701 SUEMAC PLACE PO BOX 6427 JACKSONVILLE
01 IV R6010923 1/01/96 10 129.48 129.48 SO1104-0000 MONTHLY SERVICE
---------
129.48
17783 SOUTHERN BELL EMERSON OFFICES ATTN: LAGRANGE LITTLE 2048 HENDRICKS AVENUE
01 IV R6010627 1/01/96 10 394.25 394.25 SO1500-0000 MONTHLY SERVICE
---------
394.25
20865 SOUTHERN BELL BUSINESS 301 WEST BAY STREET 19TH FLOOR,SOUTHERN BELL TOWER JACKSONVILLE
01 IV R6010457 1/01/96 10 58.58 58.58 SO0140-0000 MONTHLY SERVICE
---------
58.58
10140 SOUTHERN WINE & SPIRITS 6867 STUART LANE SOUTH PO BOX 60489 JACKSONVILLE
01 IV R6010924 1/01/96 10 147.45 147.45 AM0700-0000 MONTHLY SERVICE
---------
147.45
21057 SOUTHTRUST BANK CENTRAL FLA ATTN: ACCOUNTS PAYABLE PO BOX 3760 DELAND
01 IV R6011215 1/01/96 10 58.30 58.30 SO0307-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 118
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
21057 SOUTHTRUST BANK CENTRAL FLA ATTN: ACCOUNTS PAYABLE PO BOX 3760 DELAND
01 IV R6011216 1/01/96 10 53.00 53.00 SO0407-0000 MONTHLY SERVICE
01 IV R6011217 1/01/96 10 53.00 53.00 SO0507-0000 MONTHLY SERVICE
---------
164.30
21111 SPECTACOR MANAGEMENT GROUP ONE STADIUM PLACE JACKSONVILLE
01 IV M1095208 10/27/95 40 6,125.00 6,125.00
01 IV M1295070 12/06/95 40 110.00 110.00
---------
6,235.00
12515 SPIRES IGA 610 S.W. FIRST STREET LAKE BUTLER
01 IV R6010218 1/01/96 10 82.93 82.93 SP0100-0000 MONTHLY SERVICE
---------
82.93
20951 SPRINGMAID WAMSUTTA #142 ONE MAGNOLIA BLUFF WAY DARIEN
01 IV R6010052 1/01/96 10 75.00 75.00 SP0110-0000 MONTHLY SERVICE
---------
75.00
19829 SPRINT 6225 LAKE GRAY BOULEVARD JACKSONVILLE
01 IV M0695045 6/05/95 40 55.00 55.00
---------
55.00
19833 SPRINT ATTN: ACCOUNTS PAYABLE PO BOX 5409 KANSAS CITY
01 IV R5121402 12/01/95 10 106.50 106.50 SP0200-0000 MONTHLY SERVICE
01 IV R5121403 12/01/95 30 42.60 42.60 SP0218-0000 MONTHLY SERVICE
01 IV R6011399 1/01/96 10 106.50 106.50 SP0200-0000 MONTHLY SERVICE
01 IV R6011400 1/01/96 30 42.60 42.60 SP0218-0000 MONTHLY SERVICE
---------
298.30
20643 SPRINT UNITED TELEPHONE 7406 FULLERTON STREET JACKSONVILLE
01 UC UC-341822 11/14/95 37.28- 37.28-
01 IV R6011059 1/01/96 10 37.28 37.28 SP0130-0000 MONTHLY SERVICE
---------
20673 SPRINT-UNITED TELEPHONE ATTN: RON HARRISON 326 NE 13TH STREET OCALA
01 IV R5111293 11/01/95 10 79.50 79.50 UN0107-0000 MONTHLY SERVICE
01 IV R5121307 12/01/95 10 79.50 79.50 UN0107-0000 MONTHLY SERVICE
---------
159.00
20638 ST. AUGUSTINE AIRPORT 4900 US #1 NORTH PO DRAWER 1989 ST AUGUSTINE
01 IV R6010366 1/01/96 10 47.70 47.70 ST0160-0000 MONTHLY SERVICE
---------
47.70
20712 ST. AUGUSTINE ANIMAL CLINIC 301 SR16 ST. AUGUSTINE
01 IV R5120389 12/01/95 20 56.18 56.18 ST0106-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 119
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20712 ST. AUGUSTINE ANIMAL CLINIC 301 SR16 ST. AUGUSTINE
01 IV R6010387 1/01/96 20 56.18 56.18 STO106-0000 MONTHLY SERVICE
-----------
112.36
2650 ST. AUGUSTINE OLDSMOBILE CADILLAC-NISSAN INC. 283 SAN MARCO AVENUE ST. AUGUSTINE
01 IV R6010354 1/01/96 20 58.30 58.30 YA0106-0000 MONTHLY SERVICE
-----------
58.30
17306 ST. JOHN'S SEAFOOD 7546 BEACH BOULEVARD JACKSONVILLE
01 IV R6010792 1/01/96 10 47.93 47.93 STO124-0000 MONTHLY SERVICE
-----------
47.93
19804 ST. JOHN'S SEAFOOD 950-12 BLANDING BOULEVARD ORANGE PARK
01 IV R6010254 1/01/96 10 47.93 47.93 ST0184-0000 MONTHLY SERVICE
-----------
47.93
18650 ST. JOHNS SEAFOOD 7001 MERRIL ROAD JACKSONVILLE
01 IV R5120725 12/01/95 10 47.93 47.93 ST0154-0000 MONTHLY SERVICE
01 IV R6010721 1/01/96 10 47.93 47.93 ST0154-0000 MONTHLY SERVICE
-----------
95.86
18651 ST. JOHNS SEAFOOD 10550 ST. AUGUSTINE ROAD JACKSONVILLE
01 IV R6011080 1/01/96 10 47.93 47.93 ST0164-0000 MONTHLY SERVICE
-----------
47.93
19006 ST. JOHNS SEAFOOD #4 1403-21 DUNN AVENUE #100 JACKSONVILLE
01 IV R6010831 1/01/96 10 47.93 47.93 ST0174-0000 MONTHLY SERVICE
-----------
47.93
2562 ST. LUKE'S HOSPITAL ATTN: TELECOMMUNICATIONS 4205 BELFORT ROAD JACKSONVILLE
01 IV R6010793 1/01/96 10 65.00 65.00 SA0510-0000 MONTHLY SERVICE
-----------
65.00
18194 ST. MATTHEWS CHURCH 1773 BLANDING BLVD JACKSONVILLE
01 IV M1295189 12/21/95 40 574.50 574.50
01 IV M1295212 12/27/95 40 55.00 55.00
-----------
629.50
19354 ST. SIMON'S ISLAND CLUB 100 KINGS WAY ST. SIMON'S ISLAND
01 IV R5080147 8/01/95 10 70.00 70.00 SA0703-000 MONTHLY SERVICE
01 IV R5100149 10/01/95 10 70.00 70.00 SA0703-000 MONTHLY SERVICE
01 IV R6010153 1/01/96 10 70.00 70.00 SA0703-000 MONTHLY SERVICE
-----------
210.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 120
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
2251 ST. VINCENT DEPAUL ACCOUNTING DEPARTMENT PO BOX 40341 JACKSONVILLE
01 UC UC-34488 5/23/95 53.25- 53.25-
01 UC UC-37350 10/23/95 53.25- 53.25-
01 IV R6010502 1/01/96 10 53.25 53.25 SA0620-0000 MONTHLY SERVICE
--------
53.25-
21165 STACEY'S 4910 14TH STREET W. #204 BRADENTON
01 IV R6011278 1/01/96 10 42.40 42.40 OC0207-0000 MONTHLY SERVICE
--------
42.40
19905 STACEY'S OCALA BUFFET 717 36TH AVENUE NE OCALA
01 IV R5121308 12/01/95 10 42.40 42.40 OC0207-0000 MONTHLY SERVICE
--------
42.40
14665 STATE ATTORNEY DUVAL COUNTY COURTHOUSE 330 EAST BAY STREET #221 JACKSONVILLE
01 IV R6010482 1/01/96 10 130.16 130.16 ST0504-0000 MONTHLY SERVICE
--------
130.16
20369 STEAK N SHAKE RESTAURANT ACCOUNTING 5980 W. 71ST STREET INDIANAPOLIS
01 IV R5101389 10/01/95 10 68.90 68.90 ST0175-0000 MONTHLY SERVICE
01 IV R6011396 1/01/96 10 68.90 68.90 ST0084-0000 MONTHLY SERVICE
01 IV R6011397 1/01/96 10 68.90 68.90 ST0175-0000 MONTHLY SERVICE
--------
206.70
17336 STEVE HULL CHEVROLET, INC. ATTN: DEBBIE 8725 ARLINGTON EXPRESSWAY JACKSONVILLE
01 IV R6010722 1/01/96 10 56.98 56.98 ST0114-0000 MONTHLY SERVICE
--------
56.98
20886 STONE MOUNTAIN HANDBAGS PO BOX 325 CONLEY
01 IV R5060016 6/26/95 10 37.50 37.50 ST0403-0000 MONTHLY SERVICE
--------
37.50
20965 STONE MOUNTAIN HANDBAGS ONE MAGNOLIA BLUFF WAY DARIEN
01 IV R5110046 11/01/95 10 37.50 37.50 ST0120-0000 MONTHLY SERVICE
01 IV R6010053 1/01/96 10 37.50 37.50 ST0120-0000 MONTHLY SERVICE
--------
75.00
20117 STRICKLAND'S SEAFOOD REST. 4738 OCEAN STREET MAYPORT
01 IV R6010911 1/01/96 10 47.93 47.93 ST0140-0000 MONTHLY SERVICE
--------
47.93
17093 STUCKEY'S PECAN SHOPPE A1A & I-95 PO BOX 118 YULEE
01 IV R6010388 1/01/96 10 53.00 53.00 ST0404-0000 MONTHLY SERVICE
--------
53.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 121
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20370 STUCKEYS PO BOX 8 DOCTORS INLET
01 IV R6010192 1/01/96 10 37.10 37.10 ST0204-0000 MONTHLY SERVICE
---------
37.10
20702 SULLIVAN PONTIAC CADILLAC PO BOX 2765 OCALA
GMC 01 IV R6011334 1/01/96 10 58.30 58.30 SU0110-0000 MONTHLY SERVICE
01 IV R6011335 1/01/96 10 58.30 58.30 SU0140-0000 MONTHLY SERVICE
---------
116.60
18311 SUMMER BEACH RESORT 4700 AMELIA ISLAND PARKWAY AMELIA ISLAND
01 IV R5110200 11/01/95 10 47.70 47.70 SU0510-0000 MONTHLY SERVICE
01 IV R5120202 12/01/95 10 47.70 47.70 SU0510-0000 MONTHLY SERVICE
01 IV R6010205 1/01/96 10 47.70 47.70 SU0510-0000 MONTHLY SERVICE
---------
143.10
19948 SUN BANK 203 E. SILVER SPRINGS BLVD OCALA
01 IV R5101286 10/01/95 10 62.54 62.54 SU0707-0000 MONTHLY SERVICE
---------
62.54
11140 SUN BANK OF VOLUSIA ACCOUNTING DEPARTMENT PO BOX 2120 DAYTONA BEACH
01 IV R6010417 1/01/96 10 48.15 48.15 CO0130-0000 MONTHLY SERVICE
---------
48.15
18481 SUN CENTER 101 SE 2ND PLACE PO BOX 2900 GAINESVILLE
01 IV R6011121 1/01/96 10 42.40 42.40 SU0205-0000 MONTHLY SERVICE
---------
42.40
19738 SUNCOM GROUP INC 4059 YANCEY ROAD CHARLOTTE
01 IV R5050011 5/01/95 10 138.70 138.70 HA0160-0000 MONTHLY SERVICE
01 IV R5080011 8/01/95 10 143.70 12.70 HA0160-0000 MONTHLY SERVICE
01 IV R5090011 9/01/95 10 143.70 12.70 HA0160-0000 MONTHLY SERVICE
01 IV R5100012 10/01/95 10 143.70 12.70 HA0160-0000 MONTHLY SERVICE
01 IV R5110009 11/01/95 10 143.70 143.70 HA0160-0000 MONTHLY SERVICE
01 IV R5120012 12/01/95 10 143.70 143.70 HA0160-0000 MONTHLY SERVICE
01 IV R6010015 1/01/96 10 143.70 143.70 HA0160-0000 MONTHLY SERVICE
---------
607.90
17144 SUNRISE NISSAN 1565 WELLS ROAD ORANGE PARK
01 UC UC-64398 12/13/95 69.55- 69.55-
01 IV R6010302 1/01/96 10 69.55 69.55 SU0614-0000 MONTHLY SERVICE
---------
17121 SUNSTATE FEDERAL CREDIT 405 SE 2ND PLACE GAINESVILLE
UNION 01 IV R6011122 1/01/96 10 65.75 65.75 FL1950-0000 MONTHLY SERVICE
---------
65.75
19619 SUNSTATE FEDERAL CREDIT PO BOX 1162 GAINESVILLE
UNION 01 IV R6011124 1/01/96 10 54.50 54.50 FL0110-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 122
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19619 SUNSTATE FEDERAL CREDIT UNION PO BOX 1162 GAINESVILLE
01 IV R6011123 1/01/96 10 59.25 59.25 FL0100-0000 MONTHLY SERVICE
---------
113.75
21154 SUNTRUST BANK NORTH CENTRAL FLORIDA ANTHONY BRANCH PO BOX 310
01 IV R6011341 1/01/96 10 62.54 62.54 SU0107-0000 MONTHLY SERVICE
---------
62.54
17390 SUNTRUST BANK, INC. 120 S. RIDGEWOOD AVENUE DAYTONA BEACH
01 IV R5110409 11/01/95 10 78.86 78.86 SU0590-0000 MONTHLY SERVICE
01 IV R6010416 1/01/96 10 78.86 78.86 SU0590-0000 MONTHLY SERVICE
---------
157.72
19942 SUNTRUST BANK, INC. 9707 NE JACKSONVILLE ROAD ANTHONY
01 IV R5121191 12/01/95 10 62.54 62.54 SU0107-000 MONTHLY SERVICE
---------
62.54
19943 SUNTRUST BANK, INC. 5760 SE SR #484 PO BOX 310 BELLEVIEW
01 IV R6011336 1/01/96 10 62.54 62.54 SU0207-0000 MONTHLY SERVICE
---------
62.54
19944 SUNTRUST BANK, INC. 20270 E. PENN AVENUE DUNNELLON
01 IV R6011195 1/01/96 10 65.72 65.72 SU0307-0000 MONTHLY SERVICE
---------
65.72
19949 SUNTRUST BANK, INC. 9290 SW HWY #200 PO BOX 310 OCALA
01 IV R6011342 1/01/96 10 50.35 50.35 SU0807-0000 MONTHLY SERVICE
---------
50.35
20016 SUNTRUST BANK, INC. PO BOX 1059 OCALA
01 IV R5101328 10/01/95 10 62.54 62.54 SU0607-0000 MONTHLY SERVICE
01 IV R6011337 1/01/96 10 62.54 62.54 SU0607-0000 MONTHLY SERVICE
---------
125.08
20018 SUNTRUST BANK, INC. PO BOX 310 OCALA
01 IV R6011339 1/01/96 10 50.35 50.35 SU1407-0000 MONTHLY SERVICE
---------
50.35
21030 SUNTRUST BANK, INC. ATTN: SILVER SPRINGS SHORES PO BOX 310 OCALA
01 IV R6011338 1/01/96 10 62.54 62.54 SU0907-0000 MONTHLY SERVICE
---------
62.54
20295 SUPERSTOCK 7660 CENTURIAN PARKWAY JACKSONVILLE
01 IV R6011055 1/01/96 10 183.71 183.71 SU0130-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 123
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
183.71
19694 SURETY ASSOCIATES, INC. 2110 HERSCHEL STREET JACKSONVILLE
01 IVR6010518 1/01/96 10 93.19 93.19 SUO100-OOOO MONTHLY SERVICE
---------
93.19
20747 SURGICAL EYECARE OF FLORIDA, 772 FOXRIDGE CENTER DR. #138 ORANGE PARK
PA 01 IV R6010255 1/01/96 10 73.30 73.30 SU0120-0000 MONTHLY SERVICE
---------
73.30
18754 SWEAT'S FURNITURE STORE 3630 COMMUNITY ROAD BRUNSWICK
01 IV R6010126 1/01/96 10 47.00 47.00 SW0183-0000 MONTHLY SERVICE
---------
47.00
2077 SWENSEN'S 9501 ARLINGTON EXPRESSWAY JACKSONVILLE
01 IV R6010723 1/01/96 10 60.01 60.01 SW0204-0000 MONTHLY SERVICE
---------
60.01
19314 T-FOODS INC. DBA: SONNY'S BBQ PO BOX 1858 ALACHUA
01 IV R6011185 1/01/96 10 81.62 81.62 S01070-0000 MONTHLY SERVICE
---------
81.62
17990 TACO BELL C/O KIRTAC INC. 111 CAREY DRIVE NOBLESVILLE
01 IV R6011388 1/01/96 10 58.30 58.30 TA0107-0000 MONTHLY SERVICE
01 IV R6011389 1/01/96 10 58.30 58.30 TA0164-0000 MONTHLY SERVICE
01 IV R6011390 1/01/96 10 58.30 58.30 TA0194-0000 MONTHLY SERVICE
01 IV R6011391 1/01/96 10 58.30 58.30 TA0210-0000 MONTHLY SERVICE
01 IV R6011392 1/01/96 10 58.30 58.30 TA0244-0000 MONTHLY SERVICE
01 IV R6011393 1/01/96 10 58.30 58.30 TA0274-0000 MONTHLY SERVICE
01 IV R6011394 1/01/96 10 58.30 58.30 TA0284-0000 MONTHLY SERVICE
01 IV R6011395 1/01/96 10 58.30 58.30 TA0414-0000 MONTHLY SERVICE
---------
466.40
20509 TACO BELL C/O MOMEX FOODS 1917 S. FIRST STREET LAKE CITY
01 IV DM1 12/26/95 12 65.00 65.00 SB NEW 1/96
01 IV DM2 12/26/95 13 3.90 3.90 TAX
01 IV R6010189 1/01/96 10 78.11 78.11 TA0170-0000 MONTHLY SERVICE
01 IV R6010190 1/01/96 10 86.39 86.39 TA0234-000 MONTHLY SERVICE
01 IV R6010191 1/01/96 10 74.37 74.37 TA0424-000 MONTHLY SERVICE
---------
307.77
21038 TACO BELL #17449 6313 NEWBERRY ROAD GAINESVILLE
01 IV M1095135 10/23/95 40 159.00 9.00
---------
9.00
17721 TACO BELL #3563 1917 SOUTH FIRST STREET LAKE CITY
01 IV M1295031 12/05/95 40 220.00 220.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 124
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
17721 TACO BELL #3563 1917 SOUTH FIRST STREET LAKE CITY
01 IV M1295145 12/19/95 40 77.92 77.92
01 IV M1295176 12/21/95 40 278.25 278.25
01 IV M1295173 12/21/95 40 146.67 146.67
---------
722.84
20173 TACO BELL #5542 2014 OSBORN ROAD ST. MARY'S
01 IV M1095155 10/24/95 40 55.00 55.00
---------
55.00
18895 TFL JACKSONVILLE, INC. 2180 W. STATE ROAD 434 #6184 LONGWOOD
01 IV R6011222 1/01/96 10 84.14 84.14 ME0144-0000 MONTHLY SERVICE
---------
84.14
18718 THE CONNECTION 7 MAIN STREET PO BOX 172 ALACHUA
01 IV R5091176 9/01/95 10 47.70 47.70 AL0135-0000 MONTHLY SERVICE
01 IV R5101173 10/01/95 10 47.70 47.70 AL0135-0000 MONTHLY SERVICE
01 IV R5111172 11/01/95 10 47.70 47.70 AL0135-0000 MONTHLY SERVICE
01 IV R5121186 12/01/95 10 47.70 47.70 AL0135-0000 MONTHLY SERVICE
01 IV R6011186 1/01/96 10 47.70 47.70 AL0135-0000 MONTHLY SERVICE
---------
238.50
18865 THE LOOP 100 SAN JOSE PLACE #3 JACKSONVILLE
01 IV R6011085 1/01/96 10 85.07 85.07 TH0154-0000 MONTHLY SERVICE
01 IV R6011086 1/01/96 10 84.67 84.67 TH0174-0000 MONTHLY SERVICE
01 IV R6011081 1/01/96 10 84.67 84.67 TH0114-0000 MONTHLY SERVICE
01 IV R6011082 1/01/96 10 84.67 84.67 TH0124-0000 MONTHLY SERVICE
01 IV R6011084 1/01/96 10 84.67 84.67 TH0144-0000 MONTHLY SERVICE
01 IV R6011083 1/01/96 10 84.67 84.67 TH0134-0000 MONTHLY SERVICE
---------
508.42
19676 THE LOOP C/O PRAHL & ASSOCIATES INC. 12747 LINKS TERRACE JACKSONVILLE
01 IV R6010856 1/01/96 10 53.25 53.25 TH0164-0000 MONTHLY SERVICE
---------
53.25
20043 THE LOOP 136 NW 13TH STREET GAINESVILLE
01 IV M0895127 8/23/95 40 157.94 157.94
01 IV R5101124 10/01/95 10 84.27 84.27 GA0130-0000 MONTHLY SERVICE
01 UC UC-3422 10/13/95 .60- .60-
01 IV R5111123 11/01/95 10 84.27 84.27 GA0130-0000 MONTHLY SERVICE
01 IV R5121136 12/01/95 10 84.27 84.27 GA0130-0000 MONTHLY SERVICE
01 IV R6011135 1/01/96 10 84.27 84.27 GA0130-0000 MONTHLY SERVICE
---------
494.42
20252 THE LOOP 14444 BEACH BOULEVARD #S1 JACKSONVILLE BEACH
01 IV R5121010 12/01/95 10 84.67 84.67 TH0130-0000 MONTHLY SERVICE
01 IV R6011010 1/01/96 10 84.67 84.67 TH0130-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 125
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------
169.34
20286 THE LOOP 6426 BOWDEN ROAD JACKSONVILLE
01 IV R6010628 1/01/96 10 115.02 115.02 TH0150-0000 MONTHLY SERVICE
--------
115.02
2259 THE NEW SCHOOL 4625 LENOX AVENUE JACKSONVILE
01 IV R6010533 1/01/96 30 32.50 32.50 BR0408-0000 MONTHLY SERVICE
--------
32.50
8710 THE SOVEREIGN RESTAURANT 12 S.E. 2ND AVENUE POST OFFICE BOX 1166 GAINESVILLE
01 IV R6011125 1/01/96 10 57.61 57.61 TH0105-0000 MONTHLY SERVICE
--------
57.61
2493 TIGER'S EYE RESTAURANT ONE INDEPENDENT DRIVE JACKSONVILLE
01 IV R5120486 12/01/95 10 79.88 79.88 TI0140-0000 MONTHLY SERVICE
01 IV R6010483 1/01/96 10 79.88 79.88 TI0140-0000 MONTHLY SERVICE
--------
159.76
102 TIMUQUANA COUNTRY CLUB 4028 TIMUQUANA ROAD JACKSONVILLE
01 IV M1195128 11/29/95 40 106.50 106.50
01 IV R6010690 1/01/96 10 184.26 184.26 TI0200-0000 MONTHLY SERVICE
--------
290.76
21178 TM SOUND & LIGHTING 1226 NE 4TH AVENUE FT. LAUDERDALE
01 IV M1295201 12/27/95 40 4,686.00 4,686.00
01 UC UC-7734 12/27/95 4,400.00- 4,400.00-
--------
286.00
20635 TOM & BETTY'S 4409 ROOSEVELT BOULEVARD JACKSONVILLE
01 IV R5120694 12/01/95 10 53.25 53.25 TO0140-0000 MONTHLY SERVICE
O1 IV R6010691 1/01/96 10 53.25 53.25 TO0140-0000 MONTHLY SERVICE
--------
106.50
2055 TOM BUSH REGENCY MOTORS 9850 ATLANTIC BLVD JACKSONVILLE
01 IV R6010857 1/01/96 10 97.45 97.45 TO0304-0000 MONTHLY SERVICE
--------
97.45
289 TOM NEHL GMC 417 S. EDGEWOOD AVE. PO BOX 37558 JACKSONVILLE
01 IV R6010925 1/01/96 10 90.53 90.53 TO0100-0000 MONTHLY SERVICE
--------
90.53
14875 TOURNAMENT PLAYER'S CLUB ATTN: BILL REID 110 TPC BOULEVARD PONTE VEDRA
01 IV R6010328 1/01/96 10 166.29 166.29 TO0250-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 126
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------
166.29
1096 TRADER JACK'S 830 ANASTASIA BLVD ST. AUGUSTINE
01 IV R6010356 1/01/96 10 64.45 64.45 TR0050-0000 MONTHLY SERVICE
--------
64.45
20645 TRAVEL NETWORK 9866-1 OLD BAYMEADOWS ROAD JACKSONVILLE
01 IV M1095197 10/26/95 40 79.88 79.88
01 IV R5111047 11/01/95 10 42.60 42.60 TR0120-0000 MONTHLY SERVICE
01 IV R5121057 12/01/95 10 53.25 53.25 TR0120-0000 MONTHLY SERVICE
01 IV R6011056 1/01/96 10 53.25 53.25 TR0120-0000 MONTHLY SERVICE
--------
228.98
17527 TREADWELL INCORPORATED 480 SOUTH EDGEWOOD AVE. P. O. BOX 6746 JACKSONVILLE
01 IV M0195060 1/16/95 40 2,555.03 780.03
--------
780.03
17989 TREE STEAK HOUSE 11362-1 SAN JOSE BLVD. JACKSONVILLE
01 IV R5110824 11/01/95 10 37.28 37.28 TR0400-0000 MONTHLY SERVICE
01 IV R5120831 12/01/95 10 37.28 37.28 TR0400-0000 MONTHLY SERVICE
01 IV R6010818 1/01/96 10 37.28 37.28 TR0400-0000 MONTHLY SERVICE
--------
111.84
20452 TREE STEAK HOUSE 7068 HOLIDAY HILL COURT JACKSONVILLE
01 IV R6010794 1/01/96 10 74.55 74.55 TR0410-0000 MONTHLY SERVICE
--------
74.55
20020 TRENTON SEA FOODS 121 LAFAYETTE AVENUE LEXINGTON
01 IV R6011372 1/01/96 10 48.10 48.10 LO0205-0000 MONTHLY SERVICE
--------
48.10
17821 TRIDENT FORD MERCURY 2030 US HIGHWAY 40 EAST KINGSLAND
01 IV R6010176 1/01/96 10 82.50 82.50 HE0113-0000 MONTHLY SERVICE
--------
82.50
21129 TRIDENT REFIT FACILITY RECEIPT CONTROL CODE #512 NAVAL SUBMARINE BASE KINGS BAY
01 IV R5120165 12/01/95 10 35.00 35.00 NA0103-0000 MONTHLY SERVICE
01 IV R6010168 1/01/96 10 35.00 35.00 NA0103-0000 MONTHLY SERVICE
--------
70.00
14905 TRUST COMPANY BANK OF SOUTHEAST GEORGIA PO BOX 1477 BRUNSWICK
01 IV R6010136 1/01/96 10 3,415.20 3,415.20 TR0403-0000 MONTHLY SERVICE
--------
3,415.20
19498 TRUST COMPANY BANK OF PO BOX 1477 BRUNSWICK
SE GA 01 IV R6010127 1/01/96 10 943.08 943.08 TR0113-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 127
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
943.08
1073 TURNER ELECTRIC WORKS 10520 BUSCH DRIVE POST OFFICE BOX 26309 JACKSONVILLE
01 IV R6010832 1/01/96 10 92.83 92.83 TU0100-0000 MONTHLY SERVICE
---------
92.83
18370 TWELVE TWENTY ENTERPRISES PO BOX 11329 JACKSONVILLE
INC 01 IV R6010938 1/01/96 10 46.69 46.69 BU1120-0000 MONTHLY SERVICE
01 IV R6010934 1/01/96 10 46.69 46.69 BU0174-0000 MONTHLY SERVICE
01 IV R6010935 1/01/96 10 46.69 46.69 BU0314-0000 MONTHLY SERVICE
01 IV R6010936 1/01/96 10 46.69 46.69 BU0634-0000 MONTHLY SERVICE
01 IV R6010937 1/01/96 10 46.69 46.69 BU0644-0000 MONTHLY SERVICE
---------
233.45
18375 TWIN T CORP 7918 BLANDING BLVD JACKSONVILLE
01 IV M1295110 12/12/95 40 5,140.82 5,140.82
01 IV M1295109 12/12/95 40 936.25 936.25
01 IV M1295185 12/21/95 40 74.19 74.19
01 IV R6010957 1/01/96 10 46.91 46.91 BU1110-0000 MONTHLY SERVICE
01 IV R6010958 1/01/96 10 46.69 46.69 BU1114-0000 MONTHLY SERVICE
01 IV R6010959 1/01/96 10 46.69 46.69 BU1124-0000 MONTHLY SERVICE
01 IV R6010960 1/01/96 10 46.69 46.69 BU1134-0000 MONTHLY SERVICE
01 IV R6010961 1/01/96 10 46.69 46.69 BU1144-0000 MONTHLY SERVICE
01 IV R6010962 1/01/96 10 46.91 46.91 BU1154-0000 MONTHLY SERVICE
---------
6,431.84
2170 U.S. DISTRICT COURT 311 W. MONROE STREET JACKSONVILLE
01 IV M1295126 12/12/95 40 55.00 55.00
---------
55.00
20455 U.S.F.& G. 6621 SOUTHPOINT DRIVE NORTH JACKSONVILLE
01 IV R6010795 1/01/96 10 62.84 62.84 US0110-0000 MONTHLY SERVICE
---------
62.84
20514 UMBRO RETAIL SALES DIVISION PO BOX 3645 GREENVILLE
01 IV R6010018 1/01/96 10 61.48 61.48 UM0100-0000 MONTHLY SERVICE
---------
61.48
17054 UNISON INDUSTRIES 7575 BAYMEADOWS WAY JACKSONVILLE
01 IV R6011057 1/01/96 10 117.15 117.15 BE0204-0000 MONTHLY SERVICE
---------
117.15
238 UNISOURCE SOUTHEAST 340 STEVENS STREET PO BOX J JACKSONVILLE
01 IV R6010503 1/01/96 10 181.05 181.05 UN0400-0000 MONTHLY SERVICE
---------
181.05
17982 UNITED CITIZENS BANK OF ALACHUA COUNTY PO BOX 1810 ALACHUA
ALACHU 01 IV R6011187 1/01/96 10 58.30 58.30 UN0110-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 128
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
17982 UNITED CITIZENS BANK OF ALACHU ALACHUA COUNTY PO BOX 1810 ALACHUA
01 IV R6011188 1/01/96 10 58.30 58.30 UN0505-0000 MONTHLY SERVICE
01 IV R6011189 1/01/96 10 58.30 58.30 UN0515-0000 MONTHLY SERVICE
--------
174.90
20338 UNITED CITIZENS' BANK 2725 SE HAWTHORNE ROAD GAINESVILLE
01 IV R6011113 1/01/96 10 58.30 58.30 UN0120-0000 MONTHLY SERVICE
--------
58.30
20392 UNITED STATES CELLULAR ATTN: ACCOUNTS PAYABLE 5009 NW 3RD STREET GAINESVILLE
01 IV R6011136 1/01/96 10 42.40 42.40 UN0150-0000 MONTHLY SERVICE
01 IV R6011137 1/01/96 10 51.41 51.41 UN0220-0000 MONTHLY SERVICE
--------
93.81
20126 UNITED TELEPHONE CO ATTN: CENTREX - 4380 151 SOUTHHALL LANE #320 MAITLAND
01 IV R5121221 12/01/95 10 227.90 227.90 UN0207-0000 MONTHLY SERVICE
01 IV R6011219 1/01/96 10 227.90 227.90 UN0207-0000 MONTHLY SERVICE
--------
455.80
107 UNIVERSITY BAPTIST 5520 UNIVERSITY BLVD. W. JACKSONVILLE
01 IV M1095010 10/02/95 40 546.12 546.12
01 IV M1095115 10/13/95 40 224.75 224.75
--------
770.87
2386 UNIVERSITY CENTRE HOTEL 1535 S.W. ARCHER ROAD GAINESVILLE
01 IV R5121127 12/01/95 10 206.70 206.70 UN0905-0000 MONTHLY SERVICE
01 IV R6011126 1/01/96 10 206.70 206.70 UN0905-0000 MONTHLY SERVICE
--------
413.40
2131 UNIVERSITY CLUB 1301 GULF LIFE DRIVE #2138 JACKSONVILLE
01 IV R6010629 1/01/96 10 95.85 95.85 UN0140-0000 MONTHLY SERVICE
--------
95.85
14955 UNIVERSITY HOSPITAL 655 W. 8TH STREET JACKSONVILLE
01 IV R5100497 10/01/95 10 72.53 72.53 UN1000-0000 MONTHLY SERVICE
01 IV R5110497 11/01/95 10 72.53 72.53 UN1000-0000 MONTHLY SERVICE
01 IV R5120507 12/01/95 10 72.53 72.53 UN1000-0000 MONTHLY SERVICE
01 IV R6010504 1/01/96 10 72.53 72.53 UN1000-0000 MONTHLY SERVICE
--------
290.12
21107 UNIVERSITY OF FLORIDA UTILITIES DEPARTMENT P. O. BOX 117700 GAINESVILLE
01 IV M1095178 10/26/95 40 344.75 344.75
--------
344.75
21170 UNIVERSITY OF FLORIDA CENTER FOR THE PERFORMING ARTS 315 HULL ROAD GAINESVILLE
01 IV M1295164 12/19/95 40 500.00 500.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 129
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
500.00
19730 UPS 4019 WOODCOCK DRIVE JACKSONVILLE
01 IV R6010630 1/01/96 10 101.18 101.18 UP0100-0000 MONTHLY SERVICE
---------
101.18
17714 US DRUG ENFORCEMENT ADM JACKSONVILLE RESIDENT OFFICE 4077 WOODCOCK DRIVE #210 JACKSONVILLE
01 IV R6010631 1/01/96 10 54.90 54.90 UN0604-0000 MONTHLY SERVICE
---------
54.90
14965 UTSEY'S, INC. 3575 ST. JOHN'S AVENUE JACKSONVILLE
01 IV R5120537 12/01/95 10 30.34 30.34 UT0100-0000 MONTHLY SERVICE
01 IV R6010534 1/01/96 10 30.34 30.34 UT0100-0000 MONTHLY SERVICE
---------
60.68
19217 V.A. MEDICAL CENTER VA MEDICAL CENTER 801 S. MARION STREET LAKE CITY
01 IV R5100215 10/01/95 10 45.00 45.00 VA0120-0000 MONTHLY SERVICE
01 IV R5110214 11/01/95 10 45.00 45.00 VA0120-0000 MONTHLY SERVICE
01 IV R5120218 12/01/95 10 45.00 45.00 VA0120-0000 MONTHLY SERVICE
01 IV M1295012 12/01/95 40 150.00 150.00
01 IV R6010220 1/01/96 10 45.00 45.00 VA0120-0000 MONTHLY SERVICE
---------
330.00
502 VA OUTPATIENT CLINIC ST. LUKES PROFESSIONAL 1833 BOULEVARD JACKSONVILLE
01 IV M1195015 11/01/95 40 159.75 159.75
01 IV R5110564 11/01/95 10 59.00 59.00 VEO204-0000 MONTHLY SERVICE
01 IV R5120575 12/01/95 10 59.00 59.00 VEO204-0000 MONTHLY SERVICE
01 IV R6010573 1/01/96 10 59.00 59.00 VEO204-0000 MONTHLY SERVICE
---------
336.75
20490 VERN BUCHANAN HONDA, ACURA, 1800 SW COLLEGE ROAD OCALA
OLDS 01 IV R6011325 1/01/96 10 152.64 152.64 VE0120-0000 MONTHLY SERVICE
---------
152.64
20489 VERN BUCHANAN MAZDA 1730 SW COLLEGE ROAD OCALA
01 IV R6011326 1/01/96 10 115.54 115.54 VE0110-0000 MONTHLY SERVICE
---------
115.54
19959 VFW 543 NE SANCHEZ OCALA
01 IV R6011299 1/01/96 10 35.00 35.00 VF0107-0000 MONTHLY SERVICE
---------
35.00
519 VISTAKON, INC. 5985 RICHARD STREET #A ATTN: ACCTS PAYABLE PO BOX 10157
01 IV M1195072 11/09/95 40 255.60 255.60
---------
255.60
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 130
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
8940 VISTAKON, INC. ATTN: JACK STEIN 5985 RICHARD STREET JACKSONVILLE
01 IV R5110807 11/01/95 10 1,047.96 1,047.96 VI0150-0000 MONTHLY SERVICE
01 IV R5110808 11/01/95 10 117.15 117.15 VI0154-0000 MONTHLY SERVICE
01 IV R5110809 11/01/95 30 85.20 85.20 VI0108-0000 MONTHLY SERVICE
01 IV R5110801 11/01/95 10 506.94 506.94 VI0104-0000 MONTHLY SERVICE
01 IV R5110802 11/01/95 10 159.75 159.75 VI0110-0000 MONTHLY SERVICE
01 IV R5110803 11/01/95 10 247.08 247.08 VI0114-0000 MONTHLY SERVICE
01 IV R5110804 11/01/95 10 287.55 287.55 VI0120-0000 MONTHLY SERVICE
01 IV R5110805 11/01/95 10 142.71 142.71 VI0124-0000 MONTHLY SERVICE
01 IV R5110806 11/01/95 10 90.53 90.53 VI0130-0000 MONTHLY SERVICE
01 IV R5120811 12/01/95 10 247.08 247.08 VI0114-0000 MONTHLY SERVICE
01 IV R5120812 12/01/95 10 287.55 287.55 VI0120-0000 MONTHLY SERVICE
01 IV R5120813 12/01/95 10 142.71 142.71 VI0124-0000 MONTHLY SERVICE
01 IV R5120814 12/01/95 10 90.53 90.53 VI0130-0000 MONTHLY SERVICE
01 IV R5120815 12/01/95 10 1,047.96 1,047.96 VI0150-0000 MONTHLY SERVICE
01 IV R5120816 12/01/95 10 117.15 117.15 VI0154-0000 MONTHLY SERVICE
01 IV R5120817 12/01/95 30 85.20 85.20 VI0108-0000 MONTHLY SERVICE
01 IV R5120809 12/01/95 10 506.94 506.94 VI0104-0000 MONTHLY SERVICE
01 IV R5120810 12/01/95 10 159.75 159.75 VI0110-0000 MONTHLY SERVICE
01 IV R6010796 1/01/96 10 506.94 506.94 VI0104-0000 MONTHLY SERVICE
01 IV R6010797 1/01/96 10 159.75 159.75 VI0110-0000 MONTHLY SERVICE
01 IV R6010798 1/01/96 10 247.08 247.08 VI0114-0000 MONTHLY SERVICE
01 IV R6010799 1/01/96 10 287.55 287.55 VI0120-0000 MONTHLY SERVICE
01 IV R6010800 1/01/96 10 142.71 142.71 VI0124-0000 MONTHLY SERVICE
01 IV R6010801 1/01/96 10 90.53 90.53 VI0130-0000 MONTHLY SERVICE
01 IV R6010802 1/01/96 10 1,047.96 1,047.96 VI0150-0000 MONTHLY SERVICE
01 IV R6010803 1/01/96 10 117.15 117.15 VI0154-0000 MONTHLY SERVICE
01 IV R6010804 1/01/96 30 85.20 85.20 VI0108-0000 MONTHLY SERVICE
---------
8,054.61
20623 VITO'S ITALIAN CAFE 4660 SALISBURY ROAD JACKSONVILLE
01 IV R5121059 12/01/95 20 69.23 69.23 VI0166-0000 MONTHLY SERVICE
01 IV R6011058 1/01/96 20 69.23 69.23 VI0166-0000 MONTHLY SERVICE
---------
138.46
19103 WACCAMAW POTTERY 11250 ST. AUGUSTINE ROAD JACKSONVILLE
01 IV R5121088 12/01/95 10 69.23 69.23 WA0024-0000 MONTHLY SERVICE
01 IV R6011087 1/01/96 10 69.23 69.23 WA0024-0000 MONTHLY SERVICE
---------
138.46
17516 WALKER, DR. LEWIS 9550 REGENCY SQUARE BLVD. #212 JACKSONVILLE
01 IV R6010847 1/01/96 10 48.92 48.92 WA0380-0000 MONTHLY SERVICE
01 IV R6010848 1/01/96 10 26.63 26.63 WA1100-0000 MONTHLY SERVICE
---------
75.55
19082 WALL'S IGA 225 US HIGHWAY 84 BLACKSHEAR
01 IV R5090084 9/01/95 10 153.97 153.97 YU0100-0000 MONTHLY SERVICE
01 IV R5100087 10/01/95 10 153.97 153.97 YU0100-0000 MONTHLY SERVICE
01 IV R5110081 11/01/95 10 153.97 153.97 YU0100-0000 MONTHLY SERVICE
01 IV R5120086 12/01/95 10 153.97 153.97 YU0100-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 131
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19082 WALL'S IGA 225 US HIGHWAY 84 BLACKSHEAR
01 IV R6010088 1/01/96 10 153.97 153.97 YU0100-0000 MONTHLY SERVICE
--------
769.85
19063 WALTER LORENZ SURG. 1520 TRADE PORT DRIVE JACKSONVILLE
INSTRUMENT 01 IV R6010833 1/01/96 10 47.93 47.93 WA0010-0000 MONTHLY SERVICE
--------
47.93
924 WARE COUNTY DEPARTMENT OF 1200 PLANT AVENUE PO BOX 2048 WAYCROSS
01 IV R6010072 1/01/96 10 127.50 127.50 WA0353-0000 MONTHLY SERVICE
--------
127.50
110 WARREN MOTORS 233 EAST STATE STREET JACKSONVILLE
01 IV R6010484 1/01/96 10 47.93 47.93 WA0410-0000 MONTHLY SERVICE
--------
47.93
19281 WAYCROSS ORTHOPEDICS 2002 ALICE STREET PO BOX 2265 WAYCROSS
01 IV R6010073 1/01/96 10 47.00 47.00 WA0113-0000 MONTHLY SERVICE
--------
47.00
20905 WAYFARA RESTAURANT I-95 @ A1A P. O. BOX 126 YULEE
01 IV R5100383 10/01/95 10 53.00 53.00 WA1000-0000 MONTHLY SERVICE
01 IV R5110382 11/01/95 10 53.00 53.00 WA1000-0000 MONTHLY SERVICE
01 IV R5120391 12/01/95 10 53.00 53.00 WA1000-0000 MONTHLY SERVICE
01 IV R6010389 1/01/96 10 53.00 53.00 WA1000-0000 MONTHLY SERVICE
--------
212.00
15130 WAYSIDE RESTAURANT HIGHWAY #90 WEST ROUTE #13 BOX 1072 LAKE CITY
01 IV R6010232 1/01/96 10 52.58 52.58 WA0600-0000 MONTHLY SERVICE
--------
52.58
18593 WEAVER REALTY GROUP PO BOX 551147 JACKSONVILLE
01 IV R6011041 1/01/96 10 76.85 76.85 PO0150-0000 MONTHLY SERVICE
--------
76.85
18829 WEDGE CAFE 5711-09 BOWDEN ROAD JACKSONVILLE
01 IV R5080822 8/01/95 10 58.58 38.90 WE0410-0000 MONTHLY SERVICE
01 IV R5090802 9/01/95 10 58.58 58.58 WE0410-0000 MONTHLY SERVICE
01 IV R5100810 10/01/95 10 58.58 58.58 WE0410-0000 MONTHLY SERVICE
01 IV R5110810 11/01/95 10 58.58 58.58 WE0410-0000 MONTHLY SERVICE
01 IV R5120818 12/01/95 10 58.58 58.58 WE0410-0000 MONTHLY SERVICE
01 IV R6010805 1/01/96 10 58.58 58.58 WE0410-0000 MONTHLY SERVICE
--------
331.80
21034 WELLNESS INC. AYRES MEDICAL PLAZA 720 SW 2ND AVE #365 GAINESVILLE
01 IV R5101105 10/01/95 10 106.00 106.00 AY0105-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 132
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
21034 WELLNESS INC. AYRES MEDICAL PLAZA 720 SW 2ND AVE #365 GAINESVILLE
01 UC UC-1011633 10/16/95 79.50- 79.50-
01 IV R6011114 1/01/96 10 106.00 106.00 AY0105-0000 MONTHLY SERVICE
--------
132.50
19260 WENCOAST FOODS, INC. 4056 WETHERNBURN WAY #101 NORCROSS
01 IV R5060005 6/01/95 10 45.00 45.00 WE0603-0000 MONTHLY SERVICE
01 IV R5120018 12/01/95 10 49.54 49.54 WE0300-0000 MONTHLY SERVICE
01 IV R6010026 1/01/96 10 49.54 49.54 WE0300-0000 MONTHLY SERVICE
--------
144.08
21131 WENDBANY 27 CENTRAL AVENUE CORTLAND
01 IV R5120004 12/01/95 10 45.00 45.00 WE0603-0000 MONTHLY SERVICE
01 IV DM1 12/20/95 12 90.00 90.00 SB #19260
01 IV R6010004 1/01/96 10 45.00 45.00 WE0503-0000 MONTHLY SERVICE
01 IV R6010005 1/01/96 10 45.00 45.00 WE0603-0000 MONTHLY SERVICE
--------
255.00
15145 WENDY'S 3030 HARTLEY ROAD #150 JACKSONVILLE
01 IV M1095106 10/13/95 40 64.17 64.17
01 IV M1295076 12/06/95 40 55.00 55.00
--------
119.17
20630 WENDY'S 2442 OSBORNE ROAD ST. MARY'S
01 IV R5120180 12/01/95 10 35.00 35.00 WE0270-0000 MONTHLY SERVICE
01 IV R6010183 1/01/96 10 35.00 35.00 WE0270-0000 MONTHLY SERVICE
--------
70.00
21021 WENDY'S 7401 WEST HIGHWAY #318 REDDICK
01 IV R5121211 12/01/95 10 47.70 47.70 WE1210-0000 MONTHLY SERVICE
01 IV R6011209 1/01/96 10 47.70 47.70 WE1210-0000 MONTHLY SERVICE
--------
95.40
20003 WENDY'S #051-1919 3092 SW COLLEGE ROAD OCALA
01 IV M1295025 12/05/95 40 482.77 482.77
--------
482.77
20002 WENDY'S #147-1915 1536 PINE AVENUE SW OCALA
01 IV M1295120 12/12/95 40 239.51 239.51
--------
239.51
20004 WENDY'S #147-1918 3617 W. SILVER SPRINGS BLVD. OCALA
01 IV M1295024 12/05/95 40 516.75 516.75
--------
516.75
9070 WENDY'S #147-1922 6700 NEWBERRY ROAD GAINESVILLE
01 IV M1295051 12/05/95 40 55.00 55.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 133
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
--------
55.00
9040 WENDY'S #1489 601 MEMORIAL DRIVE WAYCROSS
01 IV R5120066 12/01/95 10 36.30 36.30 WE0103-0000 MONTHLY SERVICE
01 IV R6010068 1/01/96 10 36.30 36.30 WE0103-0000 MONTHLY SERVICE
--------
72.60
9050 WENDY'S #1769 1824 REID STREET PALATKA
01 IV MO995090 9/13/95 40 153.06 153.06
--------
153.06
18005 WENDY'S #1771 2040 SR 3 ST. AUGUSTINE
01 IV M0495023 4/06/95 40 7,594.90 73.65
01 IV M0695057 6/16/95 40 41.50 41.50
01 IV M1095180 10/26/95 40 55.00 55.00
--------
170.15
17104 WENDY'S #1780 631 WALNUT STREET STARKE
01 IV R6010381 1/01/96 10 52.97 52.97 WE0194-0000 MONTHLY SERVICE
--------
52.97
20661 WENDY'S #2012 2710 SR #16 ST. AUGUSTINE
01 UC UC-824256 4/03/95 55.00- .04-
--------
.04-
17103 WENDY'S #7047 1175 DUNN AVENUE JACKSONVILLE
01 IV DM1 10/25/95 12 49.50 49.50 SB BILLED OCT
01 IV DM2 10/25/95 13 3.22 3.22 TAX
--------
52.72
17107 WENDY'S #7048 1954 S. 8TH ST. FERNANDINA BEACH
01 IV DM1 10/25/95 12 49.50 49.50 SB NEW OCT
01 IV DM2 10/25/95 13 2.97 2.97 TAX
--------
52.47
20719 WENDY'S INTERNATIONAL ATTN: JONI PO BOX 256 DUBLIN
01 IV R5101375 10/01/95 10 368.79 52.46 WE0204-0000 MONTHLY SERVICE
01 IV R5121387 12/01/95 10 52.72 52.72 WE0254-0000 MONTHLY SERVICE
01 IV R6011382 1/01/96 10 474.98 474.98 WE0104-0000 MONTHLY SERVICE
01 IV R6011383 1/01/96 10 368.79 368.79 WE0204-0000 MONTHLY SERVICE
01 IV R6011384 1/01/96 10 52.72 52.72 WE0254-0000 MONTHLY SERVICE
01 IV R6011385 1/01/96 10 52.72 52.72 WE0254-0000 MONTHLY SERVICE
01 IV R6011386 1/01/96 10 52.47 52.47 WE0414-0000 MONTHLY SERVICE
--------
1,106.86
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 134
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
20923 WENDY'S INTERNATIONAL 3030 HARTLEY ROAD #150 JACKSONVILLE
OFFICE 01 IV R6011088 1/01/96 10 26.63 26.63 WE0140-0000 MONTHLY SERVICE
---------
26.63
287 WESTERN SIZZLIN 2020 MEMORIAL DRIVE WAYCROSS
01 IV R6010069 1/01/96 10 55.00 55.00 WE0823-0000 MONTHLY SERVICE
---------
55.00
17548 WESTERN SIZZLIN-CALLAHAN 109 FIRST AVENUE, WEST PO BOX 88 CALLAHAN
01 IV R5090177 9/01/95 10 62.38 62.38 WE0430-0000 MONTHLY SERVICE
01 IV R5100182 10/01/95 10 62.38 62.38 WE0430-0000 MONTHLY SERVICE
01 IV R5110179 11/01/95 10 62.38 62.38 WE0430-0000 MONTHLY SERVICE
01 IV R5120184 12/01/95 10 62.38 62.38 WE0430-0000 MONTHLY SERVICE
01 IV R6010187 1/01/96 10 62.38 62.38 WE0430-0000 MONTHLY SERVICE
---------
311.90
15200 WESTERN STEER 997 SUNSET BLVD JESUP
01 IV R5110160 11/01/95 10 65.52 65.52 WE0404-0000 MONTHLY SERVICE
---------
65.52
21066 WESTERN STEER PO BOX 210 HAZELHURST
01 IV DMM1 9/22/95 12 45.00 45.00 NEW 9/95
01 IV R5120080 12/01/95 10 45.00 45.00 WE0510-0000 MONTHLY SERVICE
01 IV R6010082 1/01/96 10 45.00 45.00 WE0510-0000 MONTHLY SERVICE
---------
135.00
2555 WESTERN STEER-BRUNS GEORGIA/WSMP INC. 2911 CYPRESS MILL ROAD BRUNSWICK
01 IV R5120126 12/01/95 10 75.00 75.00 WE0403-0000 MONTHLY SERVICE
01 IV R6010128 1/01/96 10 75.00 75.00 WE0403-0000 MONTHLY SERVICE
---------
150.00
2224 WESTERN STEER-STARKE HIGHWAY #301 POST OFFICE BOX 70 STARKE
01 IV R5120384 12/01/95 10 84.46 84.46 WE0600-0000 MONTHLY SERVICE
01 IV R6010382 1/01/96 10 84.46 84.46 WE0600-0000 MONTHLY SERVICE
---------
168.92
18882 WESTERN WORLD 249 BLANDING BLVD. ORANGE PARK
01 IV R6010303 1/01/96 10 42.80 42.80 WE0424-0000 MONTHLY SERVICE
---------
42.80
15225 WESTSIDE DODGE, INC. 1672 CASSAT AVENUE JACKSONVILLE
01 IV R6010692 1/01/96 10 90.53 90.53 WE0800-0000 MONTHLY SERVICE
---------
90.53
2527 WESTSIDE TOYOTA 1310 CASSAT AVENUE JACKSONVILLE
01 IV R6010535 1/01/96 10 122.48 122.48 WE1100-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 135
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
122.48
17707 WHITE LION 20 CUNA STREET ST. AUGUSTINE
01 IV R5080349 8/01/95 20 104.94 97.86 WH0106-0000 MONTHLY SERVICE
01 IV R5090348 9/01/95 20 104.94 104.94 WH0106-0000 MONTHLY SERVICE
01 IV R5100353 10/01/95 20 104.94 104.94 WH0106-0000 MONTHLY SERVICE
01 IV R5110351 11/01/95 20 104.94 104.94 WH0106-0000 MONTHLY SERVICE
01 IV R5120359 12/01/95 20 104.94 104.94 WH0106-0000 MONTHLY SERVICE
01 IV R6010357 1/01/96 20 104.94 104.94 WH0106-0000 MONTHLY SERVICE
---------
622.56
19967 WHITE ROSE NURSERY #6 2832 SE COLLEGE ROAD OCALA
01 IV R5121343 12/01/95 10 153.70 153.70 WH0107-0000 MONTHLY SERVICE
01 IV M1295022 12/05/95 40 100.00 100.00
01 IV R6011340 1/01/96 10 153.70 153.70 WH0107-0000 MONTHLY SERVICE
---------
407.40
20772 WHITEY'S FISH CAMP 2032 COUNTRY ROAD #320 ORANGE PARK
01 IV R6010304 1/01/96 10 64.20 64.20 WH0140-0000 MONTHLY SERVICE
---------
64.20
19010 WIGGINS ENTERPRISES PO BOX 210 BAXLEY
01 IV DM1 9/22/95 12 40.00 40.00 NEW 9/95
01 IV R6010083 1/01/96 10 45.00 45.00 HA0150-0000 MONTHLY SERVICE
01 IV 66010084 1/01/96 10 45.00 45.00 HA0404-0000 MONTHLY SERVICE
01 IV R6010085 1/01/96 30 40.00 40.00 HA0208-0000 MONTHLY SERVICE
---------
170.00
18973 WILD FLOWERS CAFE HIGHWAY #441 PO BOX 951 MICANOPY
01 IV R5081211 8/01/95 10 87.98 20.08 WI0130-0000 MONTHLY SERVICE
01 IV R5091190 9/01/95 10 87.98 87.98 WI0130-0000 MONTHLY SERVICE
01 IV R5101187 10/01/95 10 87.98 87.98 WI0130-0000 MONTHLY SERVICE
01 IV R5111186 11/01/95 10 87.98 87.98 WI0130-0000 MONTHLY SERVICE
01 IV R5121200 12/01/95 10 87.98 87.98 WI0130-0000 MONTHLY SERVICE
01 IV R6011199 1/01/96 10 87.98 87.98 WI0130-0000 MONTHLY SERVICE
---------
459.98
2771 WINE CELLAR 1314 PRUDENTIAL DRIVE JACKSONVILLE
01 IV R5120634 12/01/95 10 58.58 58.58 W10200-0000 MONTHLY SERVICE
01 IV R6010632 1/01/96 10 58.58 58.58 W10200-0000 MONTHLY SERVICE
---------
117.16
112 WINN DIXIE ATTN: REFRIGERATION DEPARTMENT PO BOX B JACKSONVILLE
01 IV M0995068 9/13/95 40 55.00 55.00
01 IV M1095117 10/19/95 40 390.55 390.55
01 IV M1195054 11/08/95 40 143.67 143.67
01 IV M1195080 11/14/95 40 178.64 178.64
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 136
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
112 WINN DIXIE ATTN: REFRIGERATION DEPARTMENT PO BOX B JACKSONVILLE
01 IV M1195101 11/20/95 40 55.00 55.00
01 IV M1195102 11/20/95 40 301.21 301.21
01 IV M1195124 11/29/95 40 645.39 645.39
01 IV M1195125 11/29/95 40 4,208.89 4,208.89
01 IV M1295050 12/05/95 40 164.98 164.98
01 IV M1295074 12/06/95 40 137.20 137.20
01 IV M1295080 12/07/95 40 302.46 302.46
01 IV M1295113 12/12/95 40 55.00 55.00
01 IV M1295142 12/18/95 40 648.59 648.59
01 IV M1295175 12/21/95 40 121.40 121.40
01 IV M1295204 12/27/95 40 229.65 229.65
01 IV M1295210 12/27/95 40 191.10 191.10
--------
7,828.73
19740 WOMEN'S HEALTH GROUP CLINIC ADMINISTRATION ATTN: MICHAEL RICHARDS PO BOX 100383
01 IV R5111142 11/01/95 10 94.50 94.50 WO0145-0000 MONTHLY SERVICE
01 IV R5121171 12/01/95 10 94.50 94.50 WO0145-0000 MONTHLY SERVICE
01 IV R6011170 1/01/96 10 94.50 94.50 WO0145-0000 MONTHLY SERVICE
--------
283.50
13965 WOOD HOPKINS CONTRACTING 1901 HILL STREET POST OFFICE BOX 3215 JACKSONVILLE
01 IV R6010574 1/01/96 10 57.15 57.15 PL0100-0000 MONTHLY SERVICE
--------
57.15
597 WOODY'S 1626 ATLANTIC UNIVERSITY CIR JACKSONVILLE
01 IV R5060624 6/26/95 10 527.22 527.22 WO0104-0000 MONTHLY SERVICE
01 IV M0795014 7/05/95 40 110.00 110.00
01 IV R5080634 8/01/95 10 527.22 527.22 WO0104-0000 MONTHLY SERVICE
01 IV M0895165 8/23/95 40 298.20 298.20
01 IV R5090614 9/01/95 10 527.22 527.22 WO0104-0000 MONTHLY SERVICE
01 IV R5100623 10/01/95 10 527.22 527.22 WO0104-0000 MONTHLY SERVICE
01 IV M1095064 10/12/95 40 92.26 92.26
01 IV M1095093 10/13/95 40 55.00 55.00
01 IV R5110623 11/01/95 10 527.22 527.22 WO0104-0000 MONTHLY SERVICE
01 IV R5120636 12/01/95 10 527.22 486.64 WO0104-0000 MONTHLY SERVICE
01 UC UC-1038 12/21/95 58.58- 58.58-
01 IV R6010634 1/01/96 10 527.22 527.22 WO0104-0000 MONTHLY SERVICE
--------
4,128.84
18576 WOODY'S 950-1 BLANDING BLVD. ORANGE PARK
01 IV R6010305 1/01/96 10 58.85 58.85 WO0124-0000 MONTHLY SERVICE
--------
58.85
19489 WOODY'S WOODY'S 1478 SOUTH 6TH STREET MACCLENNY
01 IV R5090240 9/01/95 10 58.85 55.00 WO0120-0000 MONTHLY SERVICE
01 IV R5120248 12/01/95 10 58.85 58.85 WO0120-0000 MONTHLY SERVICE
01 IV M1295132 12/15/95 40 139.56 139.56
01 IV M1295178 12/21/95 40 139.56 139.56
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB215 FLORIDA SOUND ENGINEERING CO. PAGE 1
1/01/96 8:54:51 IRREGULAR BILLING CONTRACTS
=============================
BILL CONTRACT ----BILLING PATTERN---- -----MONTHLY AMOUNT----- TYPE
CYCLE NUMBER CUSTOMER J F M A M J J A S O N D GROSS MUSIC SERVICE
<S> <C> <C> <C> <C> <C> <C>
Q AL0107-0000 18983 - ALBERTSON'S, INC. Y Y Y Y 45.00x 34.00 MUZAK
Q AL0110-0000 18983 - ALBERTSON'S, INC. Y Y Y Y 45.00x 34.00 MUZAK
Q AL0120-0000 18983 - ALBERTSON'S, INC. Y Y Y Y 45.00x 34.00 MUZAK
Q AL0130-0000 18983 - ALBERTSON'S, INC. Y Y Y Y 45.00x 34.00 MUZAK
Q AL0140-0000 18983 - ALBERTSON'S, INC. Y Y Y Y 45.00x 34.00 MUZAK
Q AL0150-0000 18983 - ALBERTSON'S, INC. Y Y Y Y 45.00x 34.00 MUZAK
Q AL0160-0000 18983 - ALBERTSON'S, INC. Y Y Y Y 45.00x 34.00 MUZAK
Q AL0170-0000 18983 - ALBERTSON'S, INC. Y Y Y Y 45.00x 34.00 MUZAK
Q AL0175-0000 18983 - ALBERTSON'S, INC. Y Y Y Y 45.00x 34.00 MUZAK
Q AL0180-0000 18983 - ALBERTSON'S, INC. Y Y Y Y 45.00x 34.00 MUZAK
Q CA0130-0000 18671 - CARLYLE & CO. Y Y Y Y 50.00xx 50.00 MUZAK
Q CA0160-0000 18671 - CARLYLE & CO. Y Y Y Y 50.00xx 50.00 MUZAK
A CE0800-0000 17683 - FRANKLIN MORTGAGE CAPITAL CORP Y 42.00x 31.00 MUZAK
A CR0113-0000 18030 - CRAB TRAP RESTAURANT Y 38.50xx 27.50 MUZAK
A CR0123-0000 19002 - CRABDADDY'S Y 65.00x 60.00 MUZAK
A FR0107-0000 20053 - FRIENDSHIP CTR. MERCHANTS ASSO Y 84.50x 45.00 MUZAK
Q GE0130-0000 20411 - INDEPENDENCE COMMUNICATIONS Y Y Y Y 34.00xx 23.00 MUZAK
A HE0110-0000 20034 - HERITAGE WALK Y 35.00x 35.00 MUZAK
A LU0100-0000 17756 - LUCAS BILLIARDS Y 41.67x 41.67 MUZAK
Q ME0114-0000 20590 - MUZAK/MERVYN'S Y Y Y Y 44.00x 33.00 MUZAK
Q ME0124-0000 20590 - MUZAK/MERVYN'S Y Y Y Y 44.00x 33.00 MUZAK
A OW0110-0000 20423 - OWENS CORNING Y 49.50xx 38.50 MUZAK
A RE0140-0000 20284 - SHANDS TEACHING HOSPITAL Y 45.00x 34.00 MUZAK
I SA0140-0000 17331 - SAWGRASS COUNTRY CLUB Y Y Y Y Y Y Y 185.00x 155.00 MUZAK
A SH0110-0000 20284 - SHANDS TEACHING HOSPITAL Y 45.00x 45.00 MUZAK
A SH0120-0000 20284 - SHANDS TEACHING HOSPITAL Y 45.00x 34.00 MUZAK
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB215 FLORIDA SOUND ENGINEERING CO. PAGE 2
1/01/96 8:54:51 IRREGULAR BILLING CONTRACTS
BILL CONTRACT ----BILLING PATTERN---- -----MONTHLY AMOUNT----- TYPE
CYCLE NUMBER CUSTOMER J F M A M J J A S O N D GROSS MUSIC SERVICE
<S> <C> <C> <C> <C> <C> <C>
A SH0125-0000 20284 - SHANDS TEACHING HOSPITAL Y 69.00x 69.00 MUZAK
A ST0020-0000 20519 - MUZAK/STATE FARM Y 60.00xx 49.00 MUZAK
A ST0080-0000 20519 - MUZAK/STATE FARM Y 45.00xx 34.00 MUZAK
A ST0090-0000 20519 - MUZAK/STATE FARM Y 45.00xx 34.00 MUZAK
A ST0107-0000 20519 - MUZAK/STATE FARM Y 45.00xx 34.00 MUZAK
A ST0115-0000 20519 - MUZAK/STATE FARM Y 60.00xx 49.00 MUZAK
A ST0560-0000 20519 - MUZAK/STATE FARM Y 60.00xx 49.00 MUZAK
A ST0600-0000 20519 - MUZAK/STATE FARM Y 119.69x 80.77 MUZAK
A TR0113-0000 19498 - TRUST COMPANY BANK OF SE GA Y 78.59xx 73.59 MUZAK
A TR0403-0001 14905 - TRUST COMPANY BANK OF Y 46.59xx 46.59 MUZAK
A TR0403-0002 14905 - TRUST COMPANY BANK OF Y 46.59xx 35.59 MUZAK
A TR0403-0003 14905 - TRUST COMPANY BANK OF Y 53.24xx 53.24 MUZAK
A TR0403-0004 14905 - TRUST COMPANY BANK OF Y 46.59xx 46.59 MUZAK
A TR0403-0005 14905 - TRUST COMPANY BANK OF Y 46.59xx 46.59 MUZAK
A TR0403-0007 14905 - TRUST COMPANY BANK OF Y 45.00xx 45.00 MUZAK
Q WA0100-0000 19776 - MUZAK/WALGREENS Y Y Y Y 156.00xx 90.00 MUZAK
Q WA0107-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0110-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0120-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0130-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0140-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0150-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0160-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0170-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0180-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0190-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RCB215 FLORIDA SOUND ENGINEERING CO. PAGE 3
1/01/96 8:54:51 IRREGULAR BILLING CONTRACTS
BILL CONTRACT ----BILLING PATTERN---- -----MONTHLY AMOUNT----- TYPE
CYCLE NUMBER CUSTOMER J F M A M J J A S O N D GROSS MUSIC SERVICE
<S> <C> <C> <C> <C> <C> <C>
Q WA0200-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0207-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0210-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0240-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0340-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0350-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0360-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0370-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0507-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
Q WA0707-0000 19776 - MUZAK/WALGREENS Y Y Y Y 26.00xx 15.00 MUZAK
I BR0408-0000 2259 - THE NEW SCHOOL Y Y Y Y Y Y Y Y Y 24.38xx .00
Q DO0108-0000 20676 - DOLPHIN RESTAURANT Y Y Y Y 40.00xx 40.00
--------
2,955.43
========
</TABLE>
x - no billing in 1/1/96 R/B journal
xx - quarterly, annual or other irregular in 1/1/96 R/B journal
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 137
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
19489 WOODY'S WOODY'S 1478 SOUTH 6TH STREET MACCLENNY
01 IV R6010249 1/01/96 10 58.85 58.85 WO0120-0000 MONTHLY SERVICE
---------
451.82
17117 WOODY'S BAR-B-QUE #5 1440 DUNN AVENUE JACKSONVILLE
01 IV R6010834 1/01/96 10 58.58 58.58 WO0114-0000 MONTHLY SERVICE
---------
58.58
19036 WOODY'S BBQ 4291 ROOSEVELT BOULEVARD JACKSONVILLE
01 IV R6010693 1/01/96 10 58.58 58.58 WO0154-0000 MONTHLY SERVICE
---------
58.58
2574 WOOLVERTON OLDSMOBILE 1325 CASSAT AVENUE JACKSONVILLE
01 IV R5120697 12/01/95 10 70.24 70.24 WO0200-0000 MONTHLY SERVICE
01 IV R6010694 1/01/96 10 70.24 70.24 WO0200-0000 MONTHLY SERVICE
---------
140.48
19621 WORLD MUSIC CORPORATION 135 ROUTE 22 EAST SPRINGFIELD
01 IV R5100002 10/01/95 10 62.54 57.80 MI0110-0000 MONTHLY SERVICE
01 IV R5110002 11/01/95 10 62.54 62.54 MI0110-0000 MONTHLY SERVICE
01 IV R5120002 12/01/95 10 62.54 62.54 MI0110-0000 MONTHLY SERVICE
01 IV M1295105 12/12/95 40 238.50 238.50
01 IV R6010003 1/01/96 10 59.00 59.00 MI0210-0000 MONTHLY SERVICE
01 IV R6010002 1/01/96 10 62.54 62.54 MI0110-0000 MONTHLY SERVICE
---------
542.92
2721 WORMAN'S 204 BROAD STREET JACKSONVILLE
01 IV R5120488 12/01/95 10 68.05 68.05 WO0514-0000 MONTHLY SERVICE
01 IV R5120489 12/01/95 10 48.92 48.92 WO0600-0000 MONTHLY SERVICE
01 IV R6010486 1/01/96 10 48.92 48.92 WO0600-0000 MONTHLY SERVICE
01 IV R6010485 1/01/96 10 68.05 68.05 WO0514-0000 MONTHLY SERVICE
---------
233.94
18019 XEROX CORPORATION ATTN: TOM O'ROURKE 4200 W. CYPRESS STREET #100 TAMPA
01 IV R5101239 10/01/95 10 76.68 76.68 XE0100-0000 MONTHLY SERVICE
01 IV R6011251 1/01/96 10 76.68 76.68 XE0100-0000 MONTHLY SERVICE
---------
153.36
18812 YING'S CHINEE TAKEE OUTEE 5507 UNIVERSITY BLVD. W. JACKSONVILLE
01 IV M1295136 12/15/95 40 182.12 182.12
01 UC UC-2698 12/19/95 182.12- 182.12-
---------
15335 YOUNG MEN'S SHOP 400 N. MAIN STREET JACKSONVILLE
01 IV R6010487 1/01/96 10 41.44 41.44 YO0100-0000 MONTHLY SERVICE
---------
41.44
9505 ZAMBETTI STEEL PRODUCTS 8750 PHILLIPS HIGHWAY POST OFFICE BOX 23547 JACKSONVILLE
01 IV R6010949 1/01/96 10 57.51 57.51 ZA0104-0000 MONTHLY SERVICE
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 138
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ---------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
---------
57.51
21126 ZUMA CAFE 6426 BOWDEN ROAD #208 JACKSONVILLE
01 IV R5120635 12/01/95 10 42.60 42.60 ZU0100-0000 MONTHLY SERVICE
01 IV R6010633 1/01/96 10 42.60 42.60 ZU0100-0000 MONTHLY SERVICE
---------
85.20
20938 1878 STEAKHOUSE C/O JMD OF AMELIA ISLAND INC. 12 NORTH SECOND STREET FERNANDINA BEACH
01 IV M0995140 9/21/95 40 408.10 58.10
01 IV R5110201 11/01/95 10 74.20 74.20 EI0200-0000 MONTHLY SERVICE
01 IV R5120203 12/01/95 10 74.20 74.20 EI0200-0000 MONTHLY SERVICE
01 IV M1295023 12/05/95 40 100.00 100.00
01 IV R6010206 1/01/96 10 74.20 74.20 EI0200-0000 MONTHLY SERVICE
---------
380.70
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R3440H FLORIDA SOUND ENGINEERING CO. DATE - 12/31/95
COMPANY 01 ACCOUNTS RECEIVABLE DETAIL PAGE - 139
. . . . ACCOUNT . . . . . .TRANSACTION REFERENCE . . . . . . BALANCE . . . . CONTRACT SPECIAL
NUMBER NAME CO TY NUMBER DATE EX ORIGINAL OPEN NUMBER EXPLANATION
- ------ ------------------------- -- -- ----------- -------- -- ------------ --------- -------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
----------
TOTAL -- FLORIDA SOUND 582,230.97
ENGINEERING CO. ==========
GRAND TOTAL 582,230.97
JANUARY
BILLING 144,940.67
----------
437,290.30
1/2 HOSHELL
RETAINAGE (30,632.00)
ACCT 20839
COLLECTION
12/29 - 12/31 (4610.43)
(4147.41)
(7794.06)
----------
390,106.40
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 1
ANCHOR ANCHOR AC.AC.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
AC-AWLIID DET LPL MIC & BODY PAC 378.00 10639 EA 378.00
---------
AC-BLT BASE TABLE TOP LECTERN 158.57 11519 EA
---------
AC-MPA3500A NEW LIBERTY DUAL AC 534.00 10621 EA 534.00
---------
AC-MPA3500W LIBERTY MUSIC/VOICE W/WIRELESS MIC SYSTEM 753.00 10612 EA 753.00
---------
AC-MPA4500 LIBERTY AC SOUND SYSTEM 579.10 11607 EA 579.10
---------
AC-MPB4500TP LIBERTY DC W/TAPE 781.00 11236 EA 781.00
---------
AC-PB25B MINI-VOX 137.00 9478 EA 137.00
---------
AC-SS25D SPEAKER STAND 55.00 10647 EA 55.00
---------
AC-TL1B TABLE TOP LECTERN ENSIGN 10591 EA 662.00
---------
AC-TL2B 675.00 15229 EA 675.00
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 2
AUDIO-DIGITAL AUDIO-DIGITAL AD.AD.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
AD-CONNBLK CONNECTING BLOCK 116.40 10962 EA 116.40
-------
AD-ADD2 TIME DELAY 568.25 8133 SH/B1B EA 568.25
-------
ADM POWER SUPPLY CARD 175.00 8139 1
-------
ULTRA PATCH 5 X 48 4-26847-0020 190.00 8155 1 190.00
-------
NEW ATEC AL
-------
AT-1000 1 Used 0.00
-------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE -- 12/15/95
PAGE -- 3
APHEX SYSTEMS APHEX SYSTEMS AH.AH.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
-------------------- ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
AH-323 COMPELLOR/AURAL EXCITER 733.65 11615 1 X EA 733.65
REPLACES 303
AH-520 AURAL EXCITER MODULE 14998 1 EA 75.00
519B MODULE 1 75.00 60
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 4
AIPHONE AIPHONE AI.AI.
<TABLE>
<CAPTION>
PRIOR
DESCRIPTION YEAR ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
-------------------------------------- ----------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
AI-IBG1GD TEL DOOR 77.75 9857 1 EA 77.75
---------
AI-IE2ADU 15632 EA 183.60
---------
AI-LAA REMOTE INTERCOM 14.82 10516 8 EA 14.82
---------
AI-LE-A STANDARD SUBSTATION 12.92 16424 1 EA 12.92
---------
AI-LED REMOTE 12.48 13602 1 EA 12.48
---------
AI-LEDA REMOTE 30.90 13590 2 EA 30.90
---------
AI-MCS12 CHECKSTAND PEDESTAL 25.85 10014 14 EA 22.54
---------
AI-MC3H HANDSET 20.39 15624 15 EA 20.25
---------
AI-MP-1S SNGL CALL MID PWR MSTR 67.45 12167 EA 67.45
---------
AI-PG/UA PAGING ADAPTER 40.08 9697 3 EA 40.08
---------
AI-PS1224C POWER SUPPLY 12/24V 61.20 16512 15 EA 61.20
---------
AI-SKK1220 DC 12V POWER SUPPLY 14103 EA 15.80
---------
AI-SKK620 DC6OV-0.2A POWER SUPPLY 13.71 11963 EA
---------
AI-TD3H 3 CALL WALL MOUNT 62.48 9953 7 EA 49.75
---------
AI-TD6H INTERCOM STATION 67.52 10663 EA 67.52
---------
AI-MC3B DESK PHONE 73.65 7016 SH/G2E EA 70.79
---------
AI-FAB PAGING TALKBACK 56.51 5784 1 SH/G2E EA 56.51
---------
AI-EL9S ELECTRIC DOOR RELEASE 30.35 2209 SH/G2E EA 30.35
---------
AI-AP5M MASTER 436.79 9671 2 EA 436.79
---------
AI-KAH12 12 CALL MASTER 135.84 2129 1 SH/G1E EA 135.84
---------
AI-MCA/A PAGING ADAPTOR 62.52 2031 21 SH/G1E EA 52.99
---------
AI-TBRC TELEPHONE 54.27 2073 1 SH/G1E EA 28.93
---------
AI-LAF5 5 CALL MASTER 2145 SH/G2E EA 75.20
---------
AP-10M MASTER 94.66 16678 1
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 5
AIPHONE AIPHONE AI.AI.
<TABLE>
<CAPTION>
DESCRIPTION LAST YEAR COST ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
------------------------ -------- ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
AI-MC3 WALL PHONE/MC60/4 57.00 56.99 2022 86 SH/G2E EA 50.51
---------
AI-PS12C POWER SUPPLY 57.80 70.64 2102 10 SH/G2E EA 51.49
---------
AI-PS24C POWER SUPPLY 67.81 65.80 2111 3 SH/G2E EA 59.05
---------
TS-6K INTERCOM 50.00 18091 3
---------
PB-1 XXXXXXX (USED) 1
---------
LT-1 C/2 OIL TRANS - LINE TRANSFORMER 7.70 18104 12
---------
1200 TX 22.00 18117 2
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 6
AKG ACOUSTICS AKG ACOUSTICS AK.AK.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
----------------------------------- ---------- ------ --------- -------- -- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
AK-A52 STAND ADAPTER 27.30 13661 EA 27.30
---------
AK-CK1 CONDENSOR CAPSULE 115.00 13176 1 EA 115.00
---------
AK-C410 CONDENSER HEADSET BOOM MIC 153.54 11551 1 EA 153.54
---------
AK-C451EB CONDENSER MIC PREAMP ONLY 261.59 13231 1 EA 253.30
---------
AK-C451EB/CK1 MICROPHONE 353.43 10225 EA 347.00
---------
AK-C747 MICROPHONE 283.00 10137 1 EA 283.00
---------
AK-H30 SHOCK MOUNT 34.30 13645 1 EA 34.30
---------
AK-KM201A/2 FLOOR STAND BLACK 50.12 9275 EA 37.64
---------
AK-KM211/2 BOOM ARM BLACK 29.12 9283 EA 19.16
---------
AK-KM211/3 BOOM ARM BLACK 20.91 9291 EA 12.63
---------
AK-K24OM HEADPHONE 80.00 10241 EA 80.00
---------
AK-SA40 SHOCK MOUNT 8.40 13653 EA 8.40
---------
AK-VR1 EXTENSION TUBE 81.81 9304 1 EA 69.58
---------
AK-W17A WINDSCREEN 13670 EA 62.30
---------
AK-W32 WINDSCREEN 6.30 13688 EA 6.30
---------
AK-A51 SWIVEL JOINT 71.35 6752 SH/C1A EA 71.35
---------
AK-CK5 MICROPHONE HEAD 197.50 6736 SH/C1A EA 182.00
---------
AK-N62E POWER SUPPLY 85.25 6891 SH/C1A EA 77.00
---------
AK-C567E LAVALIER MIC 166.67 6710 WH/ EA 166.67
---------
AK-CK3 MICROPHONE HEAD 98.00 9267 EA 98.00
---------
AK-C451EB/CK5 MICROPHONE 400.00 529 EA 400.00
---------
AK-D320B MICROPHONE 133.33 545 SH/C2A EA 133.33
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 7
ALTEC ALTEC AL.AL.
<TABLE>
<CAPTION>
DESCRIPTION PRIOR YEAR COST ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
------------------------ ---------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
AL-D91PNO HAND HELD DYNAMIC NO MID 88.04 88.04 11674 15 EA 88.04
---------
AL-M200 2-WAY SPEAKER-PAIR 169.00 11447 1 EA 169.00
---------
AL-M300 3-WAY SPEAKER 236.00 11455 1 EA 236.00
---------
AL-1681A AUTO MIXER MODULE 191.42 15421 2 EA 191.42
---------
AL-1684A AUTOMATIC MIXER 457.19 1,321.00 16133 EA 1,321.00
---------
AL-1689/1968A INPUT MIXER PRE-AMP 457.19 11121 1/1 EA 419.00
---------
AL-1753A 1/3 OCTAVE EQ 748.50 16328 1 EA 748.50
---------
AL-2271 OUTPUT CARDS 210.00 13717 9 EA 210.00
---------
AL-55-4A LOUDSPEAKER 2 WAY BLACK PAIR 153.24 11287 EA 153.24
---------
AL-8055A MICROAUDIO PROGRAMMER 278.65 9654 EA 278.65
---------
AL-8553B EQUALIZER 935.00 12263 1 EA 935.00
---------
AL-15015A TRANSFORMER 32.00 5354 1 SH/B2B EA 32.00
---------
AL-15095A BRIDGING TRANSFORMER 56.90 2891 SH/B2B EA 32.33
---------
AL-15335A BRIDGING TRANSFORMER 44.25 44.25 2866 37 SH/B2B EA 44.25
---------
AL-15356A TRANSFORMER 68.55 2874 SH/B2B EA 44.25
---------
AL-1588C MIC PRE-AMP 40.22 5291 SH/B2B EA 40.22
---------
AL-409T SPEAKER WITH TRANSFORMER 26.00 2815 1 SH/E2F EA 26.00
---------
AU2-0 POWER SUPPLY 18067 1
---------
AS-60 2
---------
21257 TRANS. HOUSING 7
---------
16788 1
---------
1522A 1
---------
1579A/B PREAMPS USED -
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 18
AMX AMX AM.AM.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
AM-MC1 MOTOR CONTROL 14752 1 EA 150.00
---------
AM-BB-EL BACK BOX 75.00 16727 2
---------
AM-ACRK RACK KIT 40.00 4
---------
AM-AXBREL8 RELAY CONTROLLER 250.00 16715 1
---------
AM-AXBIR54 JR/SOUND INTERFACE 350.00 16740 4
---------
AM-AXC-EM MASTERCARD 200.00 16766 1
---------
AM-UPC20 POWER CONTROLLER 200.00 16791 1
---------
AM-AMX AXF-MINI CARDFRAME 400.00 16211 1
---------
AM-MX-MM MOBILE MOUSE 133.60 16580
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 9
AUDIO TECHNOLOGIES AUDIO TECHNOLOGIES AO.AO.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
AO-MLA400-2 MULTIPLE AMPLIFIER ARRAY 307.70 13207 1 EA 307.70
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 10
ARGOS SOUND ARGOS SOUND AR.AR.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
AR-SCB8D BLONDE CORNER BAFFLE 9.50 13418 EA 19.20
---------
AR-PWB8E WALL BAFFLE LARGE 16.00 756 14 SH/D3A EA 12.52
---------
AR-CB8D CORNER BAFFLE 17.50 1151 11 SH/D3B EA 16.77
---------
AR-TWB8C 8" TWO-WAY WALL BAFFLE 14.70 764 2 SH/D3B EA 14.70
---------
AR-WB8E WALL BAFFLE SMALL 16.49 772 11 SH/D3B EA 9.41
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 11
ASHLY AUDIO ASHLY AUDIO AS.AS.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
AS-GQX3101 1 CH 31 BAND EQ 120V 424.92 15317 5 EA 424.92
---------
AS-GQX3102 2 CHANNEL 31 BAND EQ 120V 664.85 15544 3 EA
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 12
ATLAS SOUND ATLAS SOUND AT.AT.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
AT-ACR193 A C SWITCH PANEL 101.60 10778 1 EA 101.60
---------
AT-AM1100LH SND MSK SYS 117V 4' CHN AC 127.33 16432 EA 127.33
---------
AT-APC30T WIDE ANGLE PAGE HORN 61.20 14349 EA 50.35
---------
AT-APW15T HORN 15747 EA 46.64
---------
AT-AS80 IN WALL LOUDSPEAKER 15721 EA 91.00
---------
AT-AT10PA 10WT 30 PRTY 1 GANG 22.60 13485 23 EA 20.54
---------
AT-AT35PA VC W/PRIORITY 23.55 10444 6 EA 20.94
---------
AT-AT75 VOLUME CONTROL 18.34 10719 2 EA 15.35
---------
AT-AWR-3S-05 IN WALL RACK 116.57 12458 EA 116.57
---------
AT-BB2BXE XTEND BOOM EBONY LITE WT 21.52 16416 3 EA 21.52
---------
AT-BB77 SINGLE KNOB ADJ SCREW 14.58 11279 2 EA 12.73
---------
AT-CP124 12" SPEAKER 37.00 12431 3 EA 37.00
---------
AT-CS6 CALL CORDS 10.21 9777 EA 10.21
---------
AT-CS95-8NS ENCL STACKABLE NO STRAP 5.43 13400 41 used EA 5.43
---------
AT-CT1020 ROLLER BASE 140.01 13848 EA 140.01
---------
AT-C123 12" COAX SPKR 94.91 15683 1 EA 94.91
---------
AT-DAT8W 8 OHM VC WHITE 17.19 16088 1 EA 17.19
---------
AT-E-49 BACK BOX 14.27 12474 14 EA 14.27
---------
AT-EZ96-4 15704 EA 8.30
---------
AT-E11 ENCLOSURE SINGLE GANG 7.26 16310 44 EA 7.26
---------
AT-FC104 SPEAKER 9.83 9865 9 EA 12.81
---------
AT-GPS610 TONE GENERATOR 72.35 10794 3 used EA 72.35
---------
AT-GPS750 TONE GENERATOR 114.51 10786 1 used EA 114.51
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 1
ATLAS SOUND ATLAS SOUND AT.AT.
<TABLE>
<CAPTION>
DESCRIPTION PRIOR YR ITEM INVENTORY BIN UM LIST
COST COST NUMBER COUNT LOCATION PRICE
------------------------ -------- ----- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
AT-HT87 TRANS 8W 70V 6.00 12124 EA 6.00
---------
AT-MS10C MIC STAND 10" DIA 18.09 11501 1 EA
---------
AT-MS12C MIC STAND CHROME 26.43 15763 1 EA 19.82
---------
AT-MS20E EBONY HEAVY DUTY STAND 34.39 11199 29 EA 30.92
---------
AT-M222 BAF RND REC 6" ALUM 4.63 13135 10 EA 4.63
---------
AT-PB20XE EXTENDABLE EBONY TUBE 16.89 11201 4 EA 16.89
---------
AT-PKS13 PAGEKOM PEDESTAL 16.48 9806 1 EA 16.48
---------
AT-PR411 MTG RING 4" 4.95 16491 10 EA 4.95
---------
AT-PSRM-1 RELAY PACK 14331 EA 38.64
---------
AT-PSR206 POWERED RELAY PACK 14322 1 USED EA 134.92
---------
AT-PS2450 POWER SUPPLY 9793 EA 135.99
---------
AT-P78-8 PLASTER RING 3.00 16379 4 EA
---------
AT-P912 GRILLE 3.19 12052 5 EA 3.19
---------
AT-SAT8-35W 8OHM VC WHITE 24.48 16096 2 EA 24.48
---------
AT-SPKR 8" MUZAK SPKR 7.23 10.71 15739 433 EA 10.71
---------
AT-SV57K SPKR/GRILLE/VC 17.00 10452 EA 16.49
---------
AT-T175-8 5.00 15691 1 EA 5.00
---------
AT-T610-8 TORSION CEILING BAFFLE 8.79 14841 EA 8.26
---------
AT-T610-8W TORSION CEILING BAFFLE WHITE 9.27 14824 63 EA 8.92
---------
AT-T7204 SPEAKER/BAFFLE TOR MOUNT RD 11.31 13733 1 EA 11.31
---------
AT-T7208 TOR MOUNT WHITE CEILING BAFFLE 10.98 13856 4 EA 10.98
---------
AT-T7304 SPEAKER/BAFFLE TOR MT RD 12.59 13830 5 EA 12.59
---------
AT-VP161 VANDAL PROOF 18.45 12440 14 USED EA 18.45
---------
DMS-10E MIC STAND 18.70 17902 3
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 14
ATLAS SOUND ATLAS SOUND AT.AT.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
AT-WA10036 CABINET 11041 EA 238.05
---------
AT-WA30017 RACK 173.73 16205 1 used EA 173.73
---------
AT-WA30028 CABINET/2 DR 274.67 11738 EA 274.67
---------
AT-WA50077 FLOOR CABINET 314.83 10807 3 EA 314.83
---------
AT-WA54077 SIDE PANELS 151.31 12466 1 EA 151.31
---------
AT-W150T-BK 50 WATT WATERPROOF SPKR SYS 107.91 14226 EA 105.25
---------
AT-X-45-W BUCKET GRILLE 15712 EA 40.28
---------
AT-X45W BUCKET GRILLE 40.28 16109 1 EA 40.28
---------
AT-110-36 FRONT DOOR 81.97 13813 1 EA 81.97
---------
AT-16-8 SQUARE CEILING BAFFLE 12.54 13768 EA 12.54
---------
AT-161-4 SPEAKER/BAFFLE TOR MOUNT SQ 8.42 13750 6 EA 6.70
---------
AT-164-8 SQUARE CEILING BAFFLE 10.49 14832 21 EA 10.49
---------
AT-185-SL BACK BOX 13.91 12482 22 EA 13.91
---------
AT-AT-35RM 11.98 15659 1 EA 11.98
---------
AT-40017QS CAB DESK 144.44 11092 1 EA 119.17
---------
AT-4108 BAF RND 8" ALUM 24.78 16272 5 EA
---------
AT-415-8 SURFACE BAFFLE 35.07 13725 EA 35.07
---------
AT-417-BWD WOOD WALL BAFFLE RND 8" 11.51 16281 EA 10.71
---------
AT-502-61-96 RACK 14445 EA 364.12
---------
AT-60-8 BAF RND 8" ALUM 4.93 14496 12 EA 4.47
---------
AT-60PA 8.84 15755 EA 14.97
---------
AT-60R ROOM VC 500HM 7.54 9531 EA 1.58
---------
AT-61-BW BAF RND 8" W/STD WHT 7.79 15237 EA 7.79
---------
C10T87 15.72 17700 108
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 15
ATLAS SOUND ATLAS SOUND AT.AT.
<TABLE>
<CAPTION>
DESCRIPTION PRIOR YR COST ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
------------------------------ --------- ----------- ------ --------- -------- -- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
AT-62-8 BAF RBD 8" WHITE 5.21 14488 20 EA 5.21
---------
AT-68-8 LOW CEILING DIFFUSER BAFF/ALUM 15.79 13805 7 EA 15.79
---------
AT-AT-75PA 26.86 15641 6 EA 26.86
---------
AT-76-8E1 PLASTER RING 7.17 10938 7 EA 7.17
---------
AT-81-8R T-BAR BRIDGE 8" ROUND 2.95 16387 648 EA
---------
AT-95-8-10 BACKBOX 8.77 10701 EA 8.77
---------
AT-P900 GRILLE 2.13 3252 158 SH/D1 EA 1.40
---------
AT-P910 GRILLE 2.80 3261 14 SH/D1 EA 2.55
---------
AT-T7104 SPEAKER/BAFFLE 7.59 1118 5 SH/D3A EA 7.59
---------
AT-MRB1 FLOOR RECEPTACLE 26.72 2495 19 SH/G2D EA 26.72
---------
AT-51-8 GRILLE 4.81 7114 87 WH EA 3.63
---------
AT-95-8 BACKBOX 7.56 1193 71 WH/B1T EA 3.88
---------
AT-96-8 BACKBOX 7.49 7.73 1206 27 WH/B1T EA 4.77
---------
AT-DS5 DESK STAND 6.57 1054 7 SH/G2D EA 4.60
---------
AT-DS7+E DESK STAND 10.73 1062 18 SH/G2D EA 6.70
---------
AT-MS12CE MICROPHONE STAND 19.82 1089 10 SH/G2F EA 14.12
---------
AT-MS20B MICROPHONE STAND 29.95 1097 28 SH/G2F EA 26.24
---------
AT-WA10042 FLOOR CABINET 282.59 2575 WH/ EA 234.22
---------
AT-WA10061 FLOOR CABINET 272.80 286.40 2541 1 WH/ EA 251.99
---------
AT-WA10070 FLOOR CABINET 253.72 2567 WH/ EA 199.36
---------
AT-WA10077 FLOOR CABINET 230.17 230.17 2532 2 WH/ EA 230.17
---------
AT-WA30042 WALL CABINET 2612 WH/ EA 292.10
---------
AT-APT34T HORN SAME AS 3704 RAULAND 82.39 1409 6 SH/E1A EA 68.54
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 16
ATLAS SOUND ATLAS SOUND AT.AT.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
AT-AP15T HORN SAME AS 3701 RAULAND 47.11 1388 1 SH/E1A EA 39.11
---------
AT-AP30T HORN SAME AS 3702 RAULAND 40.21 1396 SH/E1A EA 40.21
---------
AT-WT15T HORN SAME AS 3706 RAULAND 111.58 1425 5 SH/E1A EA 88.47
---------
AT-APF15T HORN 29.34 1370 3 SH/E2A EA 29.34
---------
AT-SC15 D-T HORN 30.13 3455 12 SH/E2A EA 23.51
---------
AT-PK100W TWO CHANNEL WALL PHONE 55.03 2680 10 SH/G1B EA 57.95
---------
AT-PK300D TWO CHANNEL DESK PHONE 68.72 2710 1 SH/G1B EA 68.72
---------
AT-PKC2430 POWER SUPPLY CONTROL UNIT 105.30 2647 1 SH/G2C EA 105.30
---------
AT-PS2420 GENERAL PURPOSE POWER SUPPLY 52.52 2663 SH/G2C EA 41.92
---------
AT-RPS2420 POWER SUPPLY 163.15 2508 SH/G2C EA 163.15
---------
AT-AT10 VOLUME CONTROL 11.66 828 4 SH/E2E EA 17.34
---------
AT-AT35 VOLUME CONTROL 12.97 836 8 SH/E2E EA 10.61
---------
AT-E12 ENCLOSED 2GANG 7.31 17777 24 EA 7.31
---------
AT-E13 ENCLOSED 3GANG 7.90 17822 6 EA 7.90
---------
AT-E14 ENCLOSED 4GANG 8.29 17831 3 EA 8.29
---------
RP-22-10 RELAY PAK 50.00 17849 1 EA 50.00
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 17
AUDIO-TECHNICA AUDIO-TECHNICA AU.AU.
<TABLE>
<CAPTION>
DESCRIPTION PRIOR YR COST ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
------------------------ -------- ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
AU-ATM75CW 65.60 16521 2 EA 65.60
---------
AU-ATWRA-15 RACK MOUNT KIT 15.00 14357 1 EA 15.00
---------
AU-ATW1031 WIRELESS MIC/NO MIC 330.00 13434 EA
---------
AU-ATW1031/803 WIRELESS MIC 360.00 13442 EA
---------
AU-ATW1031/831 WIRELESS MIC SYSTEM/WITH MIC 423.14 13151 EA 328.23
---------
AU-ATW1032 WIRELESS MIC SYSTEM HANDHELD 403.26 12028 EA 499.00
---------
AU-AT803C MICROPHONE 51.00 15499 1 EA 51.00
---------
AU-AT8116 WINDSCREEN 5.35 14859 EA 4.75
---------
AU-AT831B MICROPHONE 107.67 10946 4 EA 107.67
---------
AU-AT8411 TIE CLIP 4.83 14867 EA 3.45
---------
AU-AT8416 SHOCK MOUNT 29.33 9339 EA 29.33
---------
AU-AT853PM BLACK MICROPHONE 131.00 11156 1 EA 129.62
---------
AU-AT853PMWA WHITE MICROPHONE 169.00 11308 EA 147.00
---------
AU-AT8534 61.83 15510 EA 61.83
---------
AU-AT8570M MICROPHONE 149.79 10313 EA 149.79
---------
AU-PR04L MICROPHONE 57.89 13514 EA 57.27
---------
AU-AT831C MICROPHONE 59.00 59.00 641 9 SH/C1A EA 52.96
---------
AU-AT853 MICROPHONE 143.79 650 SH/C1A EA 154.66
---------
AU-AT857AM MICROPHONE 190.96 668 SH/C1A EA 161.46
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 18
APHEX APHEX AX.AX.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
AX-303 COMPELLOR/AURAL EXCITER 665.25 11949 EA
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 19
BEHRENS BEHRENS BE.BE.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
BE-C38 MCINTOSH PREAMP 1,400.00 14509 EA 1,400.00
---------
BE-MC7100 MCINTOSH POWER AMP 700.00 1417 EA 700.00
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 20
BOGEN SOUND BOGEN SOUND BN.BN.
<TABLE>
<CAPTION>
COST
PRIOR ITEM INVENTORY BIN LIST
DESCRIPTION YEAR NUMBER COUNT LOCATION UM PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
BN-CA-10 CALL IN SWITCH 8.55 12280 13 8.55
---------
BN-CA-17 CALL IN SWITCH 6.90 15149 8 EA 6.30
---------
BN-CA15B CALL IN SWITCH 14875 9 EA 8.00
---------
BN-CPT1D AM/FM CASSETTE 163.56 13451 EA 163.56
---------
BN-CR100 AM/FM TUNER CASSETTE PLAYER 210.86 16483 2 EA 210.86
W/RACKK PANEL KIT ---------
BN-MMT34 DIGITAL MESSAGE REPEATER 216.25 12925 EA 243.74
---------
BN-PRS624DA POWER SUPPLY 116.00 12298 EA 116.00
---------
BN-RF12A POWER SUPPLY 14883 EA 55.10
---------
BN-RM150A AM/FM 15 WATT 250.00 13522 EA 233.60
---------
BN-TAMB BOGEN TELEPHONE ACCESS MODULE 115.52 11906 1 EA
---------
BN-TP50A AM/FM TUNER 117.00 16344 EA
---------
GS-60 336.60 17152 1 EA
---------
TG-4C 85.80 17161 1 EA
---------
TIS-4 INTERCOM 17179 1 EA
---------
HS-201C 1 EA
---------
SEC BO-RF12A 1 EA
---------
PA-2 1 EA
---------
PRS-621 POWER SUPPLY 140.80 17135 1 EA
---------
GA-6 AMPLIFIER 94.60 17208 1 EA
---------
GA-2 AMPLIFIER 60.50 1 EA
---------
RK-28 RACK KIT 15.00 1 EA
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 21
BOSE BOSE BO.BO.
<TABLE>
<CAPTION>
DESCRIPTION PRIOR YR COST ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
------------------------------- -------- -------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
BO-FREESPACE FREESPACE SYSTEM 958.00 16580 1 EA 958.00
---------
BO-MDB FLUSH MOUNT 70V 72.29 16184 4 EA 61.43
---------
BO-MD8 EQ EQ M TOA MODULE "8" 61.50 16627 3 EA 61.50
---------
BN-RF12A POWER SUPPLY 12 V 69.94 14744 1 EA 69.94
---------
BO-RMK4 RACK MT KIT 30.00 10680 1 EA 30.00
---------
BO-RMK8 RACK MOUNT KIT 25.00 10170 EA 25.00
---------
BO-WB12 WALL BRACKET 6.77 15771 2 EA 7.94
---------
BO-WCB5 U BRACKET 15798 1 EA 35.00
---------
BO-101 WHITE ENVELOPE SPEAKERS 74.00 11105 EA 74.00
---------
BO-102E EQ MODULE (TOA TYPE) 57.92 60.56 13469 11 EA 55.00
---------
BO-1026 SURFACE SPEAKER 107.07 15780 31 EA 94.83
NEW MODEL 25 ---------
BO-402W SPEAKER 302.28 10604 EA 295.00
---------
BO-502A SPEAKER SYSTEM 14891 EA 399.00
---------
BO-802WII SPEAKERS 500.00 10831 EA 478.43
---------
BO-102G GRILLE 7.64 7.64 8281 9+16+4 SH/BMC EA 7.64
---------
BO-802II SPEAKER 413.00 4061 WH/ EA 413.00
---------
BO-402E EQUALIZER 117.98 1708 4 SH/B1B EA 90.00
---------
BO-802C CONTROLLER 162.42 1724 1 SH/B1B EA 162.42
---------
BO-102C CONTROLLER 240.00 1695 2 WH/B1B EA 182.31
---------
BO-102F CEILING SPEAKER 78.00 78.00 9566 9+16+4 WH/B1B EA 76.00
---------
BO-402S SPEAKER SYSTEM 580.93 8580 WH/ EA 580.93
---------
NEW FREESPACE 5/32 CONTROLLER 245.00 1936 4
---------
WB-16 BRACKET 2.50 17144 4
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 22
BRANDS MART BRANDS MART BR.BR.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
BR-PHILP2107 9" B & W MONITOR 102.50 10276 EA 102.50
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 23
B.E.S. (BERTAGINI ELETRO-ACOU B.E.S. (BERTAGINI ELECTRO-ACOU BS.BS.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
BS-CT12E SPEAKER 41.00 10671 EA 41.00
---------
BS-C12BHT SPEAKER 40.88 730 WH/B1A EA 44.37
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 24
COMMERCIAL ELECTRONICS COMMERCIAL ELECTRONICS CE.CE.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
CE-CE-13 14 VAC TRANS 12.38 15384 EA 12.38
---------
CE-PR4WPT 3M BATTERY PREMIUM 30.41 15392 EA 30.41
---------
PM 1.5 2 CHA.AMP 1 used $200.00
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 25
CHIEF CHIEF CH.CH.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
CH-VCM20S W/LMA 110 VIDEO MOUNT 15801 EA 227.00
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 26
COMMUNITY LIGHT & SOUND, INC. COMMUNITY LIGHT & SOUND, INC. CM.CM.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
CM-CSX28M MONITORS 96.25 14365 EA 192.50
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 27
CROWN CROWN CR.CR.
<TABLE>
<CAPTION>
PRIOR YEAR
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
CR-CM30B BLACK CHOIR MIC 137.30 12917 3 EA 133.30
---------
CR-CM30W WHITE CHOIR MIC 15835 EA 137.30
---------
CR-CT1600B AMPLIFIER 12061 1 EA 1,074.60
---------
CR-CT200B 480.35 13240 4 EA 466.50
---------
CR-CT200FAN FAN 17.65 15819 5 EA 19.50
---------
CR-CT400B POWER AMPLIFIER 640.46 12010 5 EA 567.00
---------
CR-CT800 1,680.00 16192 EA 1,680.00
---------
CR-GLM300SM SHOCK MOUNT 30.10 11834 EA
---------
CR-LM300 MICROPHONE A 171.89 11826 11 EA
---------
CR-LM300AL MICROPHONE/LONG 172.90 13899 4 EA 172.90
---------
CR-LM300WS WINDSCREEN METAL 4.02 14904 EA 27.30
---------
CR-LM301 183.18 14242 EA 183.18
---------
CR-MA2400 AMP 15827 4 EA 1,426.75
---------
CR-MA3600VZ POWER AMP 1,737.00 15536 2 EA 1,737.00
---------
CR-PSL-2 PRE AMP 14453 EA 563.50
---------
CR-PSMODA MOD 39.00 9486 EA 27.30
---------
CR-TXWH30 WLM-50 LAPEL MIC 57.10 13338 EA 57.10
---------
CR-2LV/PXTL PZM MIC/TRANS 100.00 12301 1 EA 100.00
---------
CR-6LPG/PX18B PZM MIC/TRANS 100.00 12319 1 EA 100.00
---------
CR-D75 AMPLIFIER 390.30 1628 SH/B3D EA 372.39
---------
CR-PS200 AMPLIFIER 537.30 1636 SH/B3D EA 375.17
---------
CR-PS400 AMPLIFIER 504.08 1644 SH/B3D EA 493.93
---------
CR-PCC160 MICROPHONE 187.53 1038 SH/C1A EA 171.89
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 28
C-T AUDIO C-T AUDIO CT.CT.
<TABLE>
<CAPTION>
COST
LAST ITEM INVENTORY BIN LIST
DESCRIPTION YEAR NUMBER COUNT LOCATION UM PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
CT-CP2/8 C-DUCER MONO PREAMP 269.16 9371 EA 213.66
---------
CC-25 3 75.00
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION -
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 29
DBX DBX DB.DB.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
DB-AB-1 CARD 14912 1 EA 19.00
---------
DB-DX5 CD PLAYER 305.00 9427 EA 239.40
---------
DB-160A LIMITER 310.51 1581 1 SH/B1B EA 239.40
---------
DB-163X LIMITER 122.55 1564 1 SH/B1B EA 99.83
---------
DB-166A LIMITER 401.33 1572 4 SH/B1B EA 345.00
---------
DB-ACC KIT RACK KIT FOR 163/166 16942 3 13.62
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION -
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 30
DAROMED DAROMED DD.DD.
<TABLE>
<CAPTION>
DESCRIPTION ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
DD-NEC40 TELECONFERENCE UNIT 1,378.76 11578 EA
---------
310 AUDIO PROCESSOR 17048 1 used
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION -
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 31
ELECTRO-VOICE ELECTRO-VOICE EV.EV.
<TABLE>
<CAPTION>
LAST YEAR
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
EV-DH2012 HIGH FREQ DRIVER 14461 EA 286.00
---------
EV-N/D257 MICROPHONE 88.65 9347 EA 70.08
---------
EV-PRO-8 8" SPEAKER 58.10 12351 3 EA 43.00
---------
EV-RE10 MICROPHONE 162.13 12327 EA 147.00
---------
EV-RE11 MICROPHONE 175.93 11084 S/B 2 EA 142.00
---------
EV-SRC/12L 12" LOUDSPEAKER 15093 EA 143.00
---------
EV-S40MBB BLACK MOUNTING BRACKETS 13.00 14525 EA 21.00
---------
EV-S40MBW WHITE MOUNTING BRACKET 12.93 14533 EA 11.64
---------
EV-S40TB BLACK SPEAKERS 120.00 14189 EA 218.39
---------
EV-S40TW WHITE SPEAKERS 115.80 15843 EA 120.00
---------
EV-311 HOLDER 14921 EA 9.00
---------
EV-313 SHOCK MOUNT CLAMP BLACK 14939 EA 27.00
---------
EV-314E WINDSCREEN 9.00 13901 EA 9.00
---------
EV-N/D457 MICROPHONE 124.60 8192 2 SH/C1A EA 117.70
---------
EV-AT100 100 WATT AUTOTRANSFORMER 61.07 801 2 SH/E2D EA 58.50
---------
EV-TM15 TRANSFORMER 20.00 1281 1 SH/E2D EA 12.55
---------
EV-TM30 TRANSFORMER 14.15 781 3 SH/E2D EA 14.15
---------
EV-TM60 TRANSFORMER 15.70 799 SH/E2D EA 15.70
---------
EV-428 MICROPHONE STAND 37.87 1071 3 SH/G2D EA 37.87
---------
EV-COBRAIII HORN 81.89 1353 WH/B1A EA 69.92
---------
AT-AF-140 TRANSFORMER 35.88 1
---------
EV-INC-84 17.00 1
---------
EV-DH1012 DRIVER 43.00 16897 1
---------
EV-M12L 16900 1
---------
EV-DH3 84.00 16319 1
---------
EV-HPT94 64.00 1
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 32
FSR FSR FS.FS.
<TABLE>
<CAPTION>
DESCRIPTION PRIOR YR COST ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
----------------------------- -------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
FS-LDR1 REMOTE ATTENUATOR 137.00 13936 EA 137.00
---------
FS-ML104 ROOM COMBINING PLATE ASSEMBLY 392.50 15851 EA 1,570.00
---------
FS-RGB-DA 292.50 292.50 12204 1 EA 292.50
---------
FS-RG1 RAMP GENERATOR 149.00 13928 2 EA 149.00
---------
FS-SP3 AC SWITCH RELAY 182.75 13071 1 EA 168.00
---------
FS-VDA3 VIDEO DIST AMP 165.00 13910 1 EA 165.00
---------
FS-PM-2 POWER MANAGER 75.00 16934 1 EA 75.00
---------
NTG-100 VIDEO TEST GENERATOR 17030 1 EA 1,805.79
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION -
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 33
GLI - INTEGRATED SOUND SYSTEMS GLI - INTEGRATED SOUND SYSTEMS GL.GL.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
GL-PMX9000 MIXER/PREAMP 407.00 1476 SH/B3B EA 407.00
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION -
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 34
GALAXY GALAXY GX.GX.
<TABLE>
<CAPTION>
COST
LAST ITEM INVENTORY BIN LIST
DESCRIPTION YEAR NUMBER COUNT LOCATION UM PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
GX-HOTSPOT HOT SPOTS 89.50 9507 3 EA 85.75
---------
GX-HOTSPOTPA POWERED MONITOR 184.46 13987 EA 184.46
---------
GX-HOTSPOTVC CABINET W/7 POSITION VC 97.49 13979 5 EA 97.49
---------
HO-D66413 23.00 006731 4 EA 23.00
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 35
HM ELECTRONICS (HME) HM ELECTRONICS (HME) HM.HM.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
HM-ANTENNA EXTENDED RANGE ANTENNA 150.74 15131 1 EA 150.74
---------
HM-BATTERY BATTERY FOR COM 2000 17.32 16467 12 EA 17.32
---------
HM-COM2000 COMMUNICATOR 482.50 16301 4 EA 482.50
---------
HM-D/T SYSTEM DRIVE THRU SYSTEM 4,255.00 15528 0 EA 4,255.00
---------
HM-EVDB100 BOARD VEHICLE DETECTOR 180.65 13397 0 EA 180.65
---------
HM-HEADSET HEADSET LIGHTWEIGHT #10343 70.60 11586 23 EA 94.75
---------
HM-SYS20A TIMER 2,045.00 15860 3 EA 2,045.00
---------
HM-SYS2500D WIRELESS D/T SYS2500D 2,728.75 16299 0 EA 2,728.75
---------
HM-VEH DET BD VEH DETECTION BOARD 84.25 16336 3 EA 84.25
---------
MP-$HME MISCELLANEOUS HME PARTS .17 15165 6 EA 1.00
---------
HME 333001 LOOP 122.00 18198 1
---------
HME/SP2500L/P SPK. LOW PROFILE 77.00 18201 4
---------
HME/2500B 2500 BASE STATION 1,647.50 18219 2
---------
HME PR-6 MONT. COMM. 330.00 18227 9
---------
HME SP2000A SPK/MIC ASSY 59.25 18235 7
---------
HME COM 3100 COMMUNICATOR K08198 18251 2 USED
---------
HME WBS 3100 3100 BASE STATION 18278 1 USED
---------
HME EAR MUFFS 1.25 18294 414
---------
HME 428004 PAPER 4.75 18315 62 ROLLS
---------
HME AC 2000A BATTERY CHARGER 208.00 18331 2
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION -
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 36
INPHONET INPHONET IN.IN.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
----------------------------------- ---------- ------ --------- -------- -- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
IN-CDT1000 DRIVE THRU 413.10 15472 4 EA 401.00
---------
IN-M1200MST DT AAB/M1200/MST/TOPA121 501.16 16441 EA 501.16
---------
IN-M1800 495.00 17241 2
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 37
JBL PROFESSIONAL JBL PROFESSIONAL JB.JB.
<TABLE>
<CAPTION>
COST
PRIOR ITEM INVENTORY BIN LIST
DESCRIPTION YEAR NUMBER COUNT LOCATION UM PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
JB-CONTROL10 3 WAY CONTROL MONITOR 381.00 14584 EA 381.00
---------
JB-CONTROL12SR 2 WAY CMPCT SOUND REINFORCE 531.00 15587 EA 531.00
---------
JB-MIC-4 FLOOR MIC HOUSING W/ENCLOSURE 83.45 11990 2 EA
---------
JB-MIC-4E BACK BOX 13.39 13258 4 EA
---------
JB-MIC-8 FLOOR MIC HOUSING W/ENCLOSURE 72.95 11981 13 EA 78.95
---------
JB-MIC-8E BACK BOX 19.50 13266 EA 18.81
---------
JB-MIC4 MIC PLATE PUNCHED 4 D*F CONN 60.86 13194 EA 60.86
---------
JB-MTC-2+ CEILING/WALL MOUNTING BRACKET 28.50 14947 1 EA 50.00
---------
JB-MTC102 CEILING MOUNT 54.15 15878 1 EA 57.00
---------
JB-MTC103 ADJ CEILING MOUNTS 54.00 15595 EA 54.00
---------
JB-TLX TWEETER 22.63 15085 EA 22.63
---------
JB-U525 ELECTRONIC CROSSOVER 693.00 10292 EA 693.00
---------
JB-U533 OCTAVE EQUALIZER 374.25 10911 EA 374.25
---------
JB-U535 STEREO EQUALIZER 625.35 12386 EA 625.35
---------
JB-U6230 POWER AMP 477.00 12036 EA 477.00
---------
JB-U6290 POWER AMPLIFIER 897.00 9646 EA 897.00
---------
JB-U7110 COMPRESSOR/LIMITER 297.00 10284 EA 291.08
---------
JB-200SR 24/4 STANDARD CONSOLE 3,802.50 10250 EA 3,802.50
---------
JB-2226 SPEAKER 100.00 14550 EA 100.00
---------
JB-2370A FLAT-FRONT BI-RADIAL 87.00 10111 EA 84.00
---------
JB-2405H DIFFRACTION DRIVER 103.40 9611 9 EA 103.04
---------
JB-2426H DRIVER 1" THROAT 150.00 10102 1 EA 135.00
---------
JB-2450J NEODYMIUM COMPRESSION DRIVER 519.29 11720 EA 519.29
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 38
JBL PROFESSIONAL JBL PROFESSIONAL JB.JB.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
JB-3120A PASS FREQ DIV NETWORK 1200HZ 138.00 10129 EA 132.00
---------
JB-4411 SPEAKER 357.20 9620 EA 357.20
---------
JB-4425 STAGE MONITOR 532.04 9638 EA 532.04
---------
JB-501 LOW CUT FILTER 73.62 7675 EA 73.62
---------
JB-8110H 5" SPEAKER 8.83 13995 10 EA 8.83
---------
JB-8130HT MUZAK SPEAKER 10.71 12597 10 EA 8.00
---------
JB-8140HT CEILING SPEAKER 16/8X 19.02 11471 EA 19.02
---------
JB-8305P2 FLUSH MOUNT SPKR/PAIR 147.00 12562 EA 147.00
---------
JB-5235A CROSSOVER NETWORK 282.00 8184 SH/BIB EA 282.00
---------
JB-CONTROL1 CONTROL MONITOR 75.00 5186 SH/B2A EA 64.29
---------
JB-1621 MIC PREAMP MODULE 64.24 1927 SH/B2B EA 64.24
---------
JB-2105H 5" SPEACH RANGE 48.00 6533 2 SH/B2C EA 48.00
---------
JB-2382A HORN 136.99 6592 SH/B2C EA 132.00
---------
JB-2441 DRIVER 435.00 6584 1 SH/B2C EA 435.00
---------
JB-4408 2 WAY STUDIO MONITOR 179.40 7982 WH/ EA 165.00
---------
JB-U5547A EQUALIZER 724.43 1986 SH/B1B EA 597.00
---------
JB-2344 HORN 150.00 1775 SH/B2C EA 132.00
---------
JB-2380A HORN 111.00 1791 SH/B2C EA 105.28
---------
JB-2385A HORN 105.28 1783 SH/B2C EA 105.28
---------
JB-2204H 12" LOW FREQUENCY SPEAKER 132.00 8838 SH/B EA 124.08
---------
JB-2402H DRIVER 102.00 1812 4 SH/B2C EA 102.00
---------
JB-2404H DRIVER 132.00 1812 1 SH/B2C EA 103.40
---------
JB-2425J DRIVER 125.00 1839 1 SH/B2C EA 156.04
---------
JB-3102 2
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 39
JBL PROFESSIONAL JBL PROFESSIONAL JB.JB.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
JB-2445J DRIVER 235.00 1847 SH/B2C EA 235.00
---------
JB-2123H CONE TRANSDUCER 120.00 1732 WH/ EA 108.00
---------
JB-2225H CONE TRANSDUCER 141.00 1741 WH/S/B4 EA 132.00
---------
JB-2240H CONE TRANSDUCER 237.00 1759 WH/ EA 218.08
---------
JB-2245H CONE TRANSDUCER 252.69 1767 WH/ EA 218.08
---------
JB-4412 STUDIO MONITER 405.00 1855 WH/ EA 344.04
---------
JB-4602B 12" TWO WAY STAGE MONITOR 99.75 8846 WH/ EA 399.00
---------
JB-46120K LOUDSPEAKER SYSTEM 330.00 1863 WH/ EA 280.12
---------
JB-8216A FOREGROUND MUSIC SYSTEM 75.00 1898 WH/ EA 57.00
---------
JB-8216AT FOREGROUND MUSIC SYSTEM W/TRAN 103.59 1880 WH/ EA 66.00
---------
JB-8325A FOREGROUND MUSIC SYSTEM 132.00 1901 WH/ EA 132.00
---------
JB-2500 BOOKSHELF 2 used
---------
JB-SRA 1
---------
JB-8216AT 7 very used
---------
JB-308G4A 1
---------
JB-4408 GRILL ONLY (BLUE) 6
---------
JB-4612 GRILL ONLY (BROWN) 2
---------
JB-D8R075 DIAPHRAM 17655 2 EA 42.00
---------
JB-D16R2425 DIAPHRAM 17259 3 EA 62.40
---------
JB-D16R2420 DIAPHRAM 17283 1 EA 50.00
---------
JB-D8R2425 DIAPHRAM 17291 4 EA 62.40
---------
JB-D8R2445 DIAPHRAM 17304 4 EA 70.80
---------
JB-D16R2445 DIAPHRAM 17312 4 EA 70.80
---------
JB-D16R2482 DIAPHRAM 17321 6 EA 92.40
---------
JB-D8R035TIA DIAPHRAM 17339 1 EA 40.00
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 40
J-TECH J-TECH JT.JT.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
JT-DIGITAL DIGITAL DEMO UNIT 743.60 16168 EA
---------
JT-WAITER WAITER DEMO 445.80 16176 EA
---------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 41
KLARK TECHNIC KLARK TECHNIC KL.KL.
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------------ -------------- ------ --------- -------- -- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
KL-DN360 EQUALIZER 1387.50 15886 X EA 1,387.50
---------
KX-W1060 KODAK
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 42
LOWELL MANUFACTURING LOWELL MANUFACTURING LO.LO.
<TABLE>
<CAPTION>
DESCRIPTION LAST COST ITEM INVENTORY BIN UM LIST
YEAR NUMBER COUNT LOCATION PRICE
------------------------------- ------ ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
LO-CS8H CEILING BAFFLE 6.11 14007 EA 6.11
---------
LO-KL-10 LOCK VC 10 WATT 29.10 12423 1 EA 27.51
---------
LO-KL-35 LOCK VC 35 WATT 30.61 12415 3 EA 28.20
---------
LO-KL-75 LOCK VC 75 WATT 31.12 12407 1 EA 31.12
---------
LO-PR12 PLASTER RING 7.59 12141 18 EA 7.59
---------
LO-WB12 BAFFLE 8.18 12132 10 EA 8.18
---------
AT-198-8 ATLAS/SOUNDOLIER 2 8.48 17478
---------
AT-199-8 ATLAS/SOUNDOLIER 3 7.18 17486
---------
JG-8X SPEAKER ASSEMBLY 2 20.99 17494
------ ---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 43
MC.MC.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
MC-$ MISC CABLE 1.00 10057 EA 1.00
---------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 44
MIDDLE ATLANTIC MIDDLE ATLANTIC MI.MI.
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
-------------------------- ------------ ------ --------- -------- -- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
MI-RSH4 CUSTOM RACHSHELF 81.11 15325 EA 81.11
----------
MI-WRK44SA RACK 15894 1 EA 456.67
----------
SB-1 PANEL 5.25 17363 72
----------
SB-2 PANEL 6.75 17071 103
----------
SB-3 PANEL 8.25 17380 17
----------
SB-4 PANEL 9.89 17398 8
----------
SB-5 PANEL 10.25 17401 1
----------
EB-1 PANEL 3.25 17419 3
----------
VTF-1 PANEL 5.75 17427 17
----------
VTF-2 PANEL 6.95 17443 12
----------
DO-37 PANEL 78.00 17451 2
----------
ERK-40-25 RACK W/ DOOR 280.00 17460 1
----------
SERIES 25 BRACKET 12.59 13041 2
----------
TVCM CEILING BRACKET 22.50 12016 1
----------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION -
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 45
MP.MP.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
MP-$ MISC PARTS .47 10065 EA 1.00
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 46
MUSIC SUPPLY COMPANY MUSIC SUPPLY COMPANY MS.MS.
<TABLE>
<CAPTION>
DESCRIPTION LAST COST ITEM INVENTORY BIN UM LIST
YEAR NUMBER COUNT LOCATION PRICE
------------------------------- ------ ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
MS-TSB1 SPKR SUPPORTS LARGE 15907 EA 4.59
---------
MS-SST1 SPEAKER SUPPORTS 3.65 2.07 3931 79 WH/+(70) EA 1.99
---------
LST-2 SPEAKER SUPPORTS LG. 23 2.64 18057
------ ---------
SE-1 106 3.81 18076
------ ---------
TP-12 PEDESTAL 1 22.75 18083
------ ---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 47
MUZAK MUZAK MU.MU.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
LAST YEAR NUMBER COUNT LOCATION PRICE
------------------------ --------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
MU-CD6500 SDMS UNIT 757.52 16141 EA 757.52
---------
MU-DBSDISH .75 M SLED/WALL/POLE 236.04 10196 18 EA 222.80
---------
MU-DBSDUAL DUAL CARD 213.00 10356 22 EA 210.50
---------
MU-DBSLNB LOW NOISE AMP 95.71 10330 31 EA 125.73
---------
MU-DBSREC 308.32 10188 EA 405.00
---------
MU-DBSSINGLE SINGLE CARD 108.00 10364 28 EA 105.50
---------
MU-DBS1.2 DISH: 1.2M SLED. WALL. OR POLE 272.24 10495 EA 272.24
---------
MU-1200 MODAL 1200 ADCASTER 679.70 10268 EA 679.70
---------
SYSTEM 40 1 used
---------
MU-1600 MUZAK/DUAL TRANSPORT CASSETTE 593.79 11498 EA 593.79
---------
AEI-PCO-PAC 4 1 used
---------
DBS-102 LINE AMP 13.50 18121 47
---------
DBS-117 HFS-2 SPLITTER 10.00 18147 32
---------
1500/150R/1995 SINGLE HA. 235.00 18163 24
---------
1600/1605 SELECT 295.00 18171 8
---------
1700 SELECT 325.00 18180 4
---------
1816/1866 1-5 EXP. 395.00 18243 22
---------
MU-0028 1-6 EXP. 395.00 18260 3
---------
1916 1-3 EXP. 335.00 18286 4
---------
MU-2010 SINGLE CHA. CARD 105.00 18307 9
---------
MU-2030 DATA CARD 225.00 18323 3
---------
1846-01 DATA CARD 225.00 18340 1
---------
1111-090-4 DBS 200.00 18374 3
---------
1130-090-3 230.00 18382 2
---------
6127 200.00 2 used
---------
13723 HIGH POWER FOR 11 SERIES 20.00 18358 12
---------
94-018-2 POWER SUPER TUNE 1500 SERIES 12.50 18366 18
---------
MU-2040 DATA CHECKER FOR SERVICE TO SKOBDCUBS 8.00 18391 11
---------
DBS200 RACK MAT/FOR 100 REMS 2000 SERVICE 10.00 18403 7
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 48
NAKAMICHI NAKAMICHI NK.NK.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
NK-MR2 CASSETTE DECK 492.38 10823 EA 486.50
---------
MONITOR LENS 1 OFFICE ITEM
USED
--- ---------
14' PROJECTOR LENS 1 USED
--- ---------
SM 1200 P 1 USED
--- ---------
MODEL 1200 1 USED
--- ---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 49
NUMARK NUMARK NU.NU.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
NU-DM1650RM MIXER EQUALIZER 298.74 9769 EA 298.74
---------
MDA-16 767 1 331.55
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 50
PARAMOUNT PARAMOUNT PA.PA.
<TABLE>
<CAPTION>
DESCRIPTION PRIOR YR COST ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
---------------------- -------- ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CP-100T UNDERGROUND SPEAKER 75.00 75.00 10760 14 EA 89.00
---------
PS-124A POWER SUPPLY 100.00 17689 1
---------
1150 RACK KIT 25.00 17697 1
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 51
PHONIC EAR PHONIC EAR PH.PH.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
PH-DEMO SYS SALES DEMO SYSTEM 558.00 11295 EA 558.00
---------
AT 575 RACK KIT 19718 1 66.00
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 52
PREMIER TECHNOLOGIES PREMIER TECHNOLOGIES PR.PR.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
PR-MESSAGE DIGITAL MESSAGE REPEATER 487.45 16751 EA 487.45
---------
PRO-TECH 17726
---------
CARDS 72815
---------
CARDS 72816 2 30.00
--------- --------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 53
PEAVEY PEAVY PV.PV.
<TABLE>
<CAPTION>
DESCRIPTION PRIOR YR COST ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
------------------------ -------- ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
PV-CEX4 CROSSOVER/DELAY 511.90 12079 EA 484.59
---------
PV-IDL1000 254.81 14664 1 EA 250.13
---------
PV-MA212T MODULAR MIXER AMP 114.99 15211 EA 114.99
---------
PV-MA6150T 269.55 13493 EA 269.55
---------
PV-MA635T 226.88 15405 EA 219.80
---------
PV-MA675T 276.31 15413 EA 276.31
---------
PV-RM-MA RACK MOUNT KITS 8.85 8.85 15333 8 EA 276.31
---------
PV-RTD-31 1/3 OCTAVE FILTER 14955 EA 8.85
---------
PV-UA/5 5 WATT AMP 55.30 56.48 11973 17 EA 229.50
---------
PV-UMA/12 120 WATT AMP 114.99 11893 EA
---------
PV-UMA/15 150 WATT AMP 310.36 13389 EA 223.50
---------
PV-UMA/35T 35 WATT AMP 197.47 11869 1 EA
---------
PV-UMA/75T 75 WATT AMP 268.69 11877 1 EA
---------
UMA-150 T AMP 250.00 17734
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 54
QUAM QUAM QM.QM.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
QM-BR8-10WS GRILLE 5.29 10882 EA 5.29
---------
QM-ERD-8NS BACKBOX 4.75 16248 49 EA 4.75
---------
QM-PS6L 6 POSITION SEL SWITCH 10.48 14390 22 EA 10.29
---------
QM-QC10 10 WATT VC 8.89 14373 48 EA 9.60
---------
QM-QC-45 45 WATT VC 14381 1 EA 13.74
---------
QM-QH16T PAGING HORNS 35.95 16256 5 EA 35.95
---------
QM-SPEAKER LOUDSPEAKER ASSEMBLY 17.70 16395 EA
---------
C10XB70WVK SPEAKER ASSEMBLY 14.35 17742 4
---------
C10XB70W SPEAKER ASSEMBLY 10.35 47751 2
---------
C10XB70WP SPEAKER ASSEMBLY 10.35 17769 4
---------
C1210W 14.50 17793 1
---------
AS18X16 16.00 17814 10
---------
AS18X14 14.50 10
---------
AS15X10 12.00 17865 18
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 55
QSC AUDIO PRODUCTS QSC AUDIO PRODUCTS QS.QS.
<TABLE>
<CAPTION>
DESCRIPTION LAST YEAR COST ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
------------------------ ----------- ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
QS-AMPS MPS2300 DUAL MIXER AMPLIFIER 768.23 768.23 10479 1 X EA 768.23
---
RACK MAT KIT 2
---
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 56
RADIO DESIGN LABS RADIO DESIGN LABS RA.RA.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
RA-STA3 3 WATT POWER AMP W/POWER SUPPL 60.00 11261 EA 60.00
---------
RA-STM-1 MIC PREAMP/POWER SUPPLY 14963 EA 56.00
---------
RA-STM2 MIC PREAMP/POWER SUPPLY 88.02 12044 1 EA 88.02
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 57
ROLLS CORPORATION ROLLS CORPORATION RO.RO.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ----------- ------ --------- -------- -- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
RO-RS78 AM/FM DIGITAL TUNER 134.57 15481 EA 134.57
---------
ME-30 EQUALIZER 252.45 17911 1
---------
MP-24 MIXER 783.70 17929 1
---------
AC-22 CROSSOVER 252.45 17937 1
---------
RS-1 16.00 2
---------
PS-1 POWER SUPPLY 138.55 17945 2 S/B 23
---------
SC-3.5 SECURITY COVER 27.00 17953 1
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 58
RAPCO CABLE AND LIGHTING RAPCO CABLE AND LIGHTING RP.RP.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
LAST YEAR NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
RP-RMT2.K 2' BLACK MILITARY PATCH CABLE 12.59 13063 EA 12.59
---------
RP-SP20 20' MIC CABLE 14.77 13039 EA 14.77
---------
RP-14-50 50' GAUGE COMM SPKR 16.24 15456 EA
---------
RP-15-50 SPEAKER CABLE 15915 EA 16.70
---------
RP-16-25 25' 16 GA COMM SPKR 8.65 12095 EA 6.95
---------
RP-16-50 50' 16 GAUGE SPKR CBLE 16.70 14402 EA 10.00
---------
RP-18-20 20' 18 GA COMM SPKR 5.20 12175 EA 5.20
---------
RP-18-50 50' 18 GA COMM SPKR 15376 EA 8.89
---------
RP-25 25' STRANDED MIC CABLES 18.05 15923 10 EA 18.50
---------
RP-P25 25' MIC CABLE 18.78 7270 SH/BMC EA 12.89
---------
RP-P50 50' MIC CABLE 29.99 7448 SH/BMC EA 18.79
---------
SP 25K 25' MIC CABLE 18.05 17961 17
---------
SP 50K 50' MIC CABLE 31.25 17989 14
---------
CJ6K 6' MIC CABLE 6.70 17996 11
---------
PR-5 5' CABLE 7.10 18008 4
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 59
USED RENTAL EQUIPMENT USED RENTAL EQUIPMENT RT.RT.
(IN DOLLARS) (IN DOLLARS)
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
RT-$ USED RENTAL EQUIPMENT 1.00 12212 EA 1.00
---------
RT-AC-22 RANE CROSSOVER 15026 EA 150.00
---------
RT-A912 MK2 TOA AMP 15958 1 EA 300.00
---------
RT-CDP850T FC100/FORM/TRANS 15042 8 EA 125.00
---------
RT-CDP848T FC100/HORN/TRANS 15042 1 EA 125.00
---------
RT-COBRAIII USED UNIVERSITY COBRAIII HORN 54.35 12749 5 EA 54.35
---------
RT-CT200 CROWN 200 AMP 445.50 15616 EA 445.50
---------
RT-CT800 CROWN AMP 15966 EA 800.00
---------
RT-DC300A USED CROWN DC300A AMPLIFIER 304.89 12790 1 EA 304.89
---------
RT-DM1650RM NUMARK 15940 1 EA 395.00
---------
RT-ID60CT USED UNIVERSITY ID60CT DRIVER 35.15 12757 1 EA 35.15
---------
RT-LECTERN TABLE TOP LECTERN ENSIGN 14285 1 EA
---------
RT-LIBERTY LIBERTY AC #4500 579.10 14277 1 EA 579.10
---------
RT-ME30 EQUALIZER 15122 EA 125.00
---------
RT-MP-24 RANE MIXER 15018 EA 400.00
---------
RT-MPB4500RT ANCHOR SYSTEM W/LAVALIER & 1,268.20 15296 EA 1,268.20
HANDHELD MICS ---------
RT-MX601 TOA POWER MIXER 14269 1 EA 375.00
---------
RT-PM15 USED CARVER PM1.5 AMPLIFIER 367.50 12829 EA 367.50
---------
RT-PM2 BOSE POWER HEAD 14293 1 EA
---------
RT-PODIUM USED GRADDICK CUSTOM PODIUM TALL/SMALL 225.00 12781 1/1 EA 225.00
---------
RT-QSAMP USED MPS2300 DUAL MIXER AMP 300.00 14621 EA 300.00
---------
RT-R100 USED YAMAHA REVERB 200.00 12845 EA 200.00
---------
RT-SM58LC USED SHURE SM58LC MICROPHONE 56.61 12853 3 EA 56.61
---------
RT-SOUNDTRACS SOUNDTRACS 16 CHANNEL MIXING CONSOLE 15051 EA 1,100.00
---------
ATLAS MS10 MIC STANDS 2
---------
ATLAS MS20 MIC STANDS 3
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 60
USED RENTAL EQUIPMENT USED RENTAL EQUIPMENT RT.RT.
(IN DOLLARS) (IN DOLLARS)
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
RT-STAND USED ULTIMATE SUPPORT STAND 37.48 12765 4 EA 37.48
---------
RT-TOAM900 TOA AMP 15931 1 EA 195.00
---------
RT-TXFMR50 WIRELESS MIC 16117 1 EA 295.00
---------
RT-VA300S USED SHURE VA300-S COLUMNS 12706 2 EA
---------
RT-VA302C USED SHURE VA302-C CONTROLLER/MIXER 12714 1 EA
---------
RT-VIKING36 USED VIKING ROLLER CASE 36" 164.00 12861 2 EA 164.00
---------
RT-2225 USED JBL 2225 70.00 14630 EA 70.00
---------
RT-2344 USED JBL 2344 75.00 14656 EA 75.00
---------
RT-2426J USED JBL 2426J 75.00 14648 EA 75.00
---------
RT-4612 USED JBL 4612 SPEAKER 100.00 12693 2 EA 100.00
---------
RT-480 NAKAMICHI CASSETTE PLAYER 15000 EA 250.00
---------
RT-802C USED BOSE 802C CONTROLLER 81.21 12677 EA 81.21
---------
RT-802II USED BOSE 802II SPEAKERS 206.50 12722 4 EA 206.50
---------
TBA P924 AMP 1
---------
ATLAS DS5 2
---------
AKG BOOM ADAPTOR 1
---------
ALTEC 1594 1
---------
ALTEC 1590 2
---------
SHURE 5885D 1
---------
DRAPER 62X83 PROJECTOR SCREEN 1
---------
RANCO 16X3 SNAKE 1
---------
ASHLEY XR1000 CROSSOVER 1
---------
JBL 5547 EQ 2
---------
GLI PMX9000 MIXER 1
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 61
SAMSON TECHNOLOGIES CORP. SAMSON TECHNOLOGIES CORP. SA.SA.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
SA-AB-2 ACTIVE DIPOLE ANTENNA 90.00 12554 EA 100.00
---------
SA-SAWC2831 CONCERT SERIES II LAV SYSTEM 459.89 12183 EA 459.89
---------
SA-SAWSUP6 SUPER TD SYSTEM-NO MIC 13160 EA 664.97
---------
SA-SAWSU58 SUPER TD SYSTEM W/SM58 844.97 11421 EA 785.74
---------
SA-SAWSU757 SUPER TD SYSTEM W/DYM757 800.74 11439 EA 800.74
---------
SA-SAWSU831 SUPER TD SYSTEM W/AT831 776.71 11412 1 EA 665.74
---------
SA-SOLO LIVE 2 SOLO LIVE 24 (24-4-2-1) 2,619.14 16150 EA 2,619.14
---------
SA-SOXFM15 SOUNDTRACS FM SERIES CONSOLE 1,894.74 11842 EA
---------
SA-SWA6LM MKE-2 MIC W/P6 CONNECTOR 319.67 15261 EA 319.67
---------
SA-SWA6L4 ECM44 MIC W/P6 CONNECTOR 103.00 15253 EA 103.00
---------
SA-SWCSH5 /SM58 CONCERT II SYS W/SM58 2 CHNL 518.30 14234 EA 518.30
---------
SA-SWCS45/77 CONCERT II SYS W/SONY ECM77 14411 EA 631.18
---------
SA-16-4-2 SOUNDTRAC 16 CHANNEL MIXER BOAR 15974 EA 4,059.30
---------
SA-CR2CH2/58 TD SERIES MICROPHONE 652.87 7368 SH/C1C EA 652.64
---------
SA-CR2CT2/831 TD CONCERT MICROPHONE 582.88 6859 SH/C1C EA 582.88
---------
</TABLE>
<PAGE>
<TABLE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 62
SABINE SABINE SB.SB.
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
SB-FBX1200 FEEDBACK ELIMINATOR-MONO-110V 1,074.39 14568 EA
---------
SB-FBX901 FEEDBACK EXTERMINATOR 389.97 15552 2 EA
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION -
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 63
SENNHEISER ELCTRONIC CORP. SENNHEISER ELECTRONIC CORP. SE.SE.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
SE-MKE2-S LAVALIER MIC 15982 EA 329.97
---------
TURNTABLE 1
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 64
SHURE BROTHERS, INC. SHURE BROTHERS, INC. SH.SH.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
SH-A2WS WINDSCREEN 7.75 14058 1 EA 6.90
---------
SH-A25B MIC HOLDER 2.55 16011 5 EA 5.00
---------
SH-A25C MIC HOLDER 2.55 16029 4 EA 6.50
---------
SH-A268R RACK MOUNT FOR MIXER 21.00 14681 2 EA 217.13
---------
SH-A57D HOLDER 5.53 15114 5 EA 7.80
---------
SH-A57E HOLDER 8.10 15991 4 EA 13.50
---------
SH-A57L HOLDER 9.00 14066 3 EA 8.10
---------
SH-A58WSBK WINDSCREEN 3.39 14040 6 EA 3.00
---------
SH-A95U IN LINE TRANS 20.40 12491 3 EA 20.40
---------
SH-A99SM SHOCK MOUNT 28.00 16547 1 EA 28.00
---------
SH-BETA57M MICROPHONE 123.06 10217 2 EA 118.43
---------
SH-BETA58M MICROPHONE 134.00 9970 EA 118.43
---------
SH-BG1.0 MICROPHONE 31.00 13274 EA 31.00
---------
SH-BG2.0 MICROPHONE 46.00 13282 EA 46.00
---------
SH-BG3.0 MICROPHONE 66.00 13291 EA 66.00
---------
SH-BG4.0 MICROPHONE 111.00 13303 2 EA 111.00
---------
SH-BG5.0 MICROPHONE 111.00 13311 EA 111.00
---------
SH-C25J 25' MIC CABLE 12.81 12888 EA 16.50
---------
SH-LS113/84 HANDHELD WIRELESS SYSTEM 303.00 14576 EA 303.00
---------
SH-LS114/84 WIRELESS SYSTEM 390.22 15464 EA 390.22
---------
SH-LS24/
BETA58 WIRELESS SYSTEM 453.47 13354 EA 453.47
---------
SH-LX14/83 WIRELESS SYSTEM 360.25 16475 1 X S/B 2 EA 360.25
---------
SH-LX24/58 WIRELESS SYSTEM 407.70 16555 X S/B 1 EA 407.70
---------
SH-LX14/84 WIRELESS SYSTEM
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 65
SHURE BROTHERS, INC. SHURE BROTHERS, INC. SH.SH.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
SH-M267 MIXER 272.01 14171 EA 272.01
---------
SH-M268 MICROPHONE MIXER 197.00 14613 EA 197.00
---------
SH-SC14/84/S-C WIRELESS SYSTEM 366.75 15448 EA 366.75
---------
SH-SM10 MICROPHONE 81.76 11800 EA
---------
SH-SM11 MICROPHONE 68.80 11818 EA
---------
SH-SM48SLC MICROPHONE 45.55 15288 EA 45.55
---------
SH-SM94LC MICROPHONE 141.00 10321 EA 125.00
---------
SH-SM98A MICROPHONE 180.00 16598 1 EA 180.00
---------
SH-SM99-18 MICROPHONE 148.05 16539 EA 148.05
---------
SH-S39A SHOCK MOUNT STAND 44.30 13143 1 EA 38.62
---------
SH-WL84 LAVALIER MIC 16002 EA 8.33
---------
SH-588SD-LC MICROPHONE 37.58 14605 EA 34.55
---------
SH-A53M SHOCK MOUNT 22.50 5346 SH/BMC EA 21.33
---------
SH-SS39ED STYLUS 21.00 5303 SH/B3A EA 21.00
---------
SH-515SBG18 GOOSENECK MIC 49.73 6947 27 SH/C3A EA 38.91
---------
SH-A55M SHOCK MOUNT 21.83 502 9 SH/BMC EA 19.56
---------
SH-570S LAVALIER W/SWITCH 96.30 633 1 EA 73.15
---------
SH-SM57LC MICROPHONE 85.75 553 4 SH/C1B EA 80.40
---------
SH-SM58 MICROPHONE 114.03 561
--------- SH/C1B EA 96.17
SH-SM62LC MICROPHONE 86.55 570 1
--------- SH/C1B EA 86.55
SH-SM81 MICROPHONE 227.65 596 SH/C1B EA 203.57
---------
SH-SM87 MICROPHONE 221.56 609 SH/C1B EA 221.56
---------
SH-CM414 HAND HELD MIC. 38.48 537 18 SH/C2B EA 25.98
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 66
SHURE BROTHERS, INC. SHURE BROTHERS, INC. SH.SH.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
SH-545 MICROPHONE 81.77 625 SH/C2B EA 66.36
---------
SH-565 MICROPHONE 115.25 511 SH/C2B EA 72.35
---------
SH-587 MICROPHONE 54.72 916 SH/C2B EA 54.72
---------
514B 37.80 17638 30
---------
450 1 USED
---------
M68 1
---------
VR35E 1
---------
N91ED 1
---------
SS39ED 6
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 67
SYMETRIX SYMETRIX SM.SM.
<TABLE>
<CAPTION>
DESCRIPTION LAST YEAR COST ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
------------------------ ----------- ---------- ------ --------- -------- -- -------
<S> <C> <C> <C> <C> <C> <C> <C>
SM-SX202 DUAL MIC PRE-AMP 190.00 15561 2 EA 190.00
SM-SX205 PRECISION AUDIO METER 182.77 182.77 11113 1 EA 182.77
SM-805008 NOISE SENSOR UNIT 571 SPL 547.95 11666 EA 547.95
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 68
STANTON STANTON SN.SN.
<TABLE>
<CAPTION>
DESCRIPTION PRIOR YR COST ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
------------------------ -------- ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SN-D680EL PHONOGRAPH CARTRIDGE 49.00 49.00 10031 2 EA 49.00
---------
SN-D6800EL PHONOGRAPH STYLUS 17.50 10049 EA 17.05
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 69
SOUND ADVANCE SYSTEMS SOUND ADVANCE SYSTEMS SO.SO.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
SO-CT73ST8 TRANSDUCERS 137.33 16408 EA
---------
S0-CT8 34.17 17620 1
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 70
STEWART STEWART ST.ST.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
ST-ADB-4 4 CHANNEL ACTIVE DIRECT BOX 15069 EA 229.63
---------
ST-ADB1 DIRECT BOXES 68.57 9312 1 EA 58.92
---------
ST-PM4 QUAD 48V MODULE W/PS1 106.80 14162 EA 106.80
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 71
SONY SONY SY.SY.
<TABLE>
<CAPTION>
DESCRIPTION LAST YEAR COST ITEM INVENTORY BIN UM LIST
COST NUMBER COUNT LOCATION PRICE
------------------------ --------- ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SY-CCQ10BRS CONTROL CABLE (RIC ORDERED FOR 275.00 15341 EA 275.00
JOB DIDN'T NEED) ---------
SY-C525 CD PLAYER FROM NY WHOLESALES 220.00 14728 EA 220.00
---------
SY-ECM44 LAVALIER MIC 16037 EA 65.00
---------
SY-ECM66PT DIRECTIONAL LAVALIER 192.00 10461 EA 192.00
---------
SY-EVP320 VIDEO CASSETTE PLAYER 8MM 395.00 12503 EA 395.00
---------
SY-MDR7506 HEADPHONES 74.00 12909 EA 71.00
---------
SY-PCM2300 DIGITAL AUDIO TAPE MACHINE 1,176.45 1,176.45 15608 EA 1,176.45
---------
SY-RVP4010Q REAR PROJ. 40" 8,901.50 16459 1 EA 8,901.50
---------
SY-SSM910 9" B/W MONITOR 9401 EA 128.88
---------
SY-SVO160 VTR VIDEO RECORDER 500.00 11594 EA 500.00
---------
SY-VPH1270Q PROJECTOR 9,422.25 13186 0 EA 9,422.50
---------
SY-VPH1272Q PROJECTOR 14,985.00 15350 EA 14,985.00
---------
PVM-8220
IF3-1000
IF3-10
RM-S52
PS
VPH1252Q
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 72
TECHNICS TECHNICS TC.TC.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
TC-SLP2 DISC PLAYER 9742 EA 314.06
---------
TC-SL1200MKS TURNTABLE 375.00 8176 SH/B3A EA 375.00
---------
TC-SLD5 TURNTABLE 1 used
---------
TC-P533 ? 1
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 73
TEAC TEAC TE.TE.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
TE-R550 TEAC REVERSE AUTO CASSETTE 226.07 16213 EA 226.07
---------
TE-V215C CASSETTE PLAYER 92.27 10815 EA 92.27
---------
TE-W410 DUAL CASSETTE DECK 107.33 15190 EA 107.33
---------
TE-W450R TEAC DBL CASSETTE 181.28 11228 EA 181.28
---------
TEAC UNI RACK KIT 25.00 17507 1
---------
</TABLE>
<PAGE>
R539A JACKSONVILLE WAREHOUSE LOCATION-
INVENTORY COUNT SHEET DATE - 12/15/95
PAGE - 74
TIC INDUSTRIES TIC INDUSTRIES TI.TI.
<TABLE>
<CAPTION>
DESCRIPTION COST ITEM INVENTORY BIN UM LIST
NUMBER COUNT LOCATION PRICE
------------------------ ---------- ------ --------- -------- -- ---------
<S> <C> <C> <C> <C> <C> <C> <C>
TI-CP100T OMNI 100W/TRANS & 50' CABLE 79.02 16563 EA 79.02
---------
</TABLE>
<PAGE>
(RECORD VERIFIED - CHARLIE GREEN, CLERK)
(BY J. TURNER, D.C.)
WARRANTY DEED R.E. WILKERSON & CO. FORM 33 1/2
FROM CORPORATION TO CORPORATION 2193533
THIS WARRANTY DEED Made and executed the 30th day of September A.D. 1986 by
FLORIDA SOUND ENGINEERING OF FLORIDA, INC.
a corporation existing under the laws of Florida, and having its principal
place of business at 2502 Second Street, Suite 9, Fort Myers, Florida 33901
hereinafter called the grantor, to Florida Sound Engineering Company,
a corporation existing under the laws of the State of Florida, with its
permanent postoffice address at 3016 Mercury Road South, Jacksonville, Florida
32207 hereinafter called the grantee:
(Wherever used herein the terms "grantor" and "grantee"
include all the parties to this instrument and the heirs,
legal representatives and assigns of individuals, and
the successors and assigns of corporations)
WITNESSETH: That the grantor, for and in consideration of the sum of $10.00
and other valuable considerations, receipt whereof is hereby acknowledged, by
these presents does granat, bargain, sell, alien, remise, release, convey and
confirm unto the grantee, all that certain land situate in County, Florida, viz:
A tract or parcel of land in Lot 4, Block A, of Southside Industrial
Park, a subdivision as recorded in Plat Book 28, pages 153, and 154,
of the public records of Lee County, Florida, which is described as
follows: From the Northwest corner of said Lot 4; thence South 0
degrees 17 minutes 13 seconds East along the West boundary of said
Lot 4 for 574.10 feet to the point of beginning; thence continue South
0 degrees 17 minutes 13 seconds East 115.79 feet; thence North 89
degrees 42 minutes 57 seconds East for 176.90 feet; thence North 0
degrees 17 minutes 03 seconds West for 115.79 feet; thence South 89
degrees 42 minutes 57 seconds West for 176.91 feet to the point of
beginning.
TOGETHER with all the tenements, hereditaments and appurtenances thereto
belonging or in anywise appertaining.
TO HAVE AND TO HOLD, the same in fee simple forever.
AND the grantor hereby covenants with said grantee that it is lawfully
seized of said land in fee simple; that it has good right and lawful authority
to sell and convey said land; that it hereby fully warrants the title to said
land and will defend the same against the lawful claims of all persons
whomsoever; and that said land is free of all encumbrances.
Documentary Tax Pd. $50 Recorded and Record Verified
[unreadable] [unreadable]
Dec 11 10:48 AM '86
IN WITNESS WHEREOF the grantor has caused these
presents to be executed in its name, and its
(CORPORATE SEAL) corporate seal to be hereunto affixed, by its
proper officers thereunto duly authorized, the day
and year first above written.
ATTEST: /s/ Alice M. Coughlin FLORIDA SOUND ENGINEERING OF
------------------------------ ---------------------------------
Alice M. Coughlin, Secretary FLORIDA, INC.
Signed, sealed and delivered in the presence of:
[SIGNATURE APPEARS HERE] By /s/ Warren C. Coughlin
- ------------------------------------- ---------------------------------
Warren C. Coughlin, President
/s/ Christie L. Peterson
- -------------------------------------
Witnesses
STATE OF FLORIDA
COUNTY OF DUVAL
I HEREBY CERTIFY that on this day, before me, an officer duly authorized
in the State and County aforesaid to take acknowledgments, personally appeared
Warren C. Coughlin and Alice M. Coughlin well known to me to be the President
and Secretary respectively of the corporation named as grantor in the foregoing
deed, and that they severally acknowledged executing the same in the presence of
two subscribing witnesses freely and voluntarily under authority duly vested in
them by said corporation and that the seal affixed thereto is the true corporate
seal of said corporation.
WITNESS my hand and official seal in the County and State last aforesaid
this 8th day of December, A.D. 1986
This instrument was prepared by [SIGNATURE APPEARS HERE]
WILLIAM R. FRAZIER -------------------------------
1515 Riverside Avenue, Suite A Notary Public, State of Florida
Jacksonville, Florida 32204 at Large.
My commission expires: (SEAL)
<PAGE>
SECOND AMENDED AND RESTATED LOAN AGREEMENT
by and between
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION
(the "Bank")
and
AUDIO COMMUNICATIONS NETWORK, INC.
f/k/a Johnson Electronics, Inc.
(the "Borrower")
December 21, 1995
321/72304
----------------------------------------------------
1. Second Amended and Restated Loan Agreement, dated December 21, 1995.
2. The following promissory notes, all dated December 14, 1995, with
attachments:
(a) Renewal Promissory Note in the face amount of $4,810,000.00, with
attached Addendum and Affidavit of Out-of-State Delivery;
(b) Increase Promissory Note in the face amount of $6,190,000.00, with
attached notary acknowledgement and Affidavit of Out-of-State
Delivery; and
(c) Second Renewal, Increase and Consolidated Promissory Note in the face
amount of $11,000,000.00, with attached Addendum and Affidavit of Out-
of-State Delivery.
3. Amended and Restated Security Agreement by and between the Borrower and the
Bank, dated December 21, 1995.
4. Amended and Restated Security Agreement by and between American Music
Network, Inc. ("AMN") and the Bank, dated December 21, 1995.
5. Amended and Restated Security Agreement by and between Audio Communications
Network, Inc., a Missouri corporation ("ACN-MO") and the Bank, dated
December 21, 1995.
6. Amended and Restated Security Agreement by and between Audio Communications
Network, Inc., a Maryland corporation ("ACN-MD") and the Bank, dated
December 21, 1995.
7. Security Agreement by and between Florida Audio Engineering Company ("FAEC")
and the Bank dated December 21, 1995.
<PAGE>
8. Acknowledgement copies of UCC-1 Financing Statements filed with the Secretary
of State of Florida on ____________, 1996.
9. Agreement Not to Sell or Encumber Stock, dated December 21, 1995.
10. Subsidiary Guaranty Agreement, dated December 21, 1995.
11. Landlord's Subordination Agreement between FAEC and Waral Company, dated
December 29, 1995.
12. Contribution Agreement, dated December 21, 1995.
13. Certificates of Resolution and Incumbency of the Borrower, AMN, ACN-MO,
ACN-MD, and FAEC, all dated December 21, 1995.
14. Secretary's Certificates of the Borrower and FAEC, both dated December 21,
1995.
15. Certificates of Good Standing of the Borrower, AMN, ACN-MO, ACN-MD and FAEC,
issued on the indicated dates by the Secretaries of their respective states of
incorporation.
16. Officer's Certificate of Borrower, dated December 21, 1995.
17. Closing Statement.
18. Opinion of Borrower's counsel, issued by Turnbull, Abner and Daniels, dated
___________, 1996.
<PAGE>
================================================================================
SECOND AMENDED AND RESTATED LOAN AGREEMENT
by and between
AUDIO COMMUNICATIONS NETWORK, INC.,
F/K/A JOHNSON ELECTRONICS, INC.
(the "Borrower")
AND
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION,
F/K/A SUN BANK, NATIONAL ASSOCIATION,
(the "Bank")
December 21, 1995
================================================================================
<PAGE>
SECOND AMENDED AND RESTATED LOAN AGREEMENT
------------------------------------------
THIS SECOND AMENDED AND RESTATED LOAN AGREEMENT (the "Agreement"), is made
and entered into as of the 21st day of December, 1995, by and between AUDIO
COMMUNICATIONS NETWORK, INC., F/K/A JOHNSON ELECTRONICS, INC., a Florida
corporation, located at 1000 Legion Place, Suite 1515, Orlando, Florida 32801
(hereafter referred to as the "Borrower") and SUNTRUST BANK, CENTRAL FLORIDA,
NATIONAL ASSOCIATION, F/K/A SUN BANK, NATIONAL ASSOCIATION, a national banking
association located at 200 South Orange Avenue, Orlando, Florida 32801
(hereinafter,the "Bank").
W I T N E S S E T H:
- - - - - - - - - -
WHEREAS, the Borrower and the Bank previously entered into that certain
Amended and Restated Loan Agreement dated July 19, 1989, as amended by a First
Amendment dated as of April 30, 1990, a Second Amendment dated as of June 11,
1991, a Third Amendment dated as of June 1, 1992, a Fourth Amendment dated as of
July 1, 1993, a Fifth Amendment dated as of January 22, 1994, a Sixth Amendment
dated as of March 1, 1994 and a Seventh Amendment dated as of June 5, 1995 (as
amended, the "Existing Loan Agreement") pursuant to which the Bank extended a
certain consolidated term loan in the aggregate principal amount of
$5,200,000.00 (the "Loan") for the purpose set forth in the Existing Loan
Agreement; and
WHEREAS, the Borrower has requested the Bank to increase the Loan by
$6,190,000.00 to a maximum aggregate principal amount of $11,000,000.00, to
modify the interest rate applicable to the Loan and to otherwise modify certain
terms of the Existing Loan Agreement and the Bank is unwilling to do so unless
the Borrower executes and delivers this Agreement;
NOW, THEREFORE, for and in consideration of the above premises and the
mutual covenants and agreements contained herein, the Borrower and the Bank,
intending to be legally bound, agree to amend and restate the Existing Loan
Agreement in its entirety as follows:
1. DEFINITIONS. As used herein:
-----------
"Account" shall mean any right of the Borrower, whether or not earned by
-------
performance, to payment for goods or other property (including, without
limitation, the Collateral) sold or leased or for services rendered that is not
evidenced by an Instrument or Chattel Paper, including, without limitation:
(a) all presently owned and hereafter acquired receivables, including
all open accounts, contract rights, notes, drafts, acceptances, rental
receivables, installment payment obligations and other obligations for or rights
to the payment of
<PAGE>
money created by the Borrower, or acquired by Borrower from others;
(b) all cash and non-cash proceeds thereof, and all contracts,
documents, invoices and other instruments evidencing the same; and
(c) all collateral security therefor (including guaranties,
mortgages, or security interests) and all of Borrower's rights and remedies in
connection with the Accounts or in connection with any property sold or leased
which is represented thereby.
"Account Debtor" shall mean any person who is obligated on an Account or
--------------
Chattel Paper.
"Advance" shall mean individually and collectively the proceeds of the
-------
Loan delivered to the Borrower by the Bank pursuant to the terms hereof.
"Affiliate" shall mean any Person directly or indirectly controlling,
---------
controlled by, or under direct or indirect common control with Borrower,
including a Subsidiary. A Person shall be deemed to control a corporation if
such Person possesses, directly or indirectly, the power to direct or cause the
direction of the management and policies of such corporation, whether through
the ownership of voting securities, by contract, or otherwise.
"Agreement" shall mean this Second Amended and Restated Loan Agreement
---------
originally executed by the parties hereto and all permitted supplements,
amendments, modifications and restatements thereof.
"Applicable Margin" shall mean the percentage set forth in the chart in
-----------------
Section 2(c) hereof which shall be added to the Prime Rate in determining the
Interest Rate.
"Assignments" shall mean, collectively, (a) the collateral assignments of
-----------
life insurance satisfactory in form and substance to the Bank pursuant to which
the Borrower shall collaterally assign to the Bank all of its right, title and
interest in and to a "key man" life insurance policy on the life of A. J. Schell
in the minimum amount of $500,000.00 and (b) the Collateral Assignment of
License Agreement executed and deliverd by FAEC in favor of the Bank of even
date herewith.
"Banking Day" shall mean any Day excluding, Saturday, Sunday and any Day
-----------
which is a legal holiday under the laws of the State of Florida or is a Day on
which banking institutions located in such state are authorized by law or other
governmental action to close.
2
<PAGE>
"Capitalized Lease Obligations" shall mean all rental obligations which
-----------------------------
under GAAP are or will be required to be capitalized on the balance sheet of the
Borrower (including, without limitation, all existing rental obligations which
will be required to be so capitalized for calendar or fiscal years beginning
after December 31, 1994), in each case taken at the amount thereof accounted for
as indebtedness (net of interest expense) in accordance with such principles.
"Chattel Paper" shall mean a writing or writings which evidence both a
-------------
monetary obligation and a security interest in or a lease of specific goods.
"Collateral" shall mean the property of the Borrower, the Guarantors or any
----------
other Person which is or will be collateral security for the Obligations,
including at the date hereof all of the following:
(a) all Accounts, Chattel Paper, Documents, Equipment,
Instruments, Inventory, Intangible Assets and the Proceeds thereof, of the
Borrower and the Guarantors, whether now owned or hereafter acquired;
(b) to the extent not described above, all of the right, title
and interest of the Borrower and the Guarantors, whether now owned or hereafter
acquired, in and to the goods or other property represented by or securing the
Accounts, Chattel Paper and Instruments;
(c) all rights of the Borrower and the Guarantors as an unpaid
lienor, including stoppage in transit, replevin and reclamation;
(d) all monies, bank accounts, balances, credits, deposits,
collections, drafts, bills, notes, securities, and other property of every kind
and nature (whether tangible or intangible) now owned or hereafter acquired by
the Borrower and the Guarantors and at any time in the actual or constructive
possession of (or in transit to) the Bank or its correspondents or agents in any
capacity or for any purpose;
(e) all books, records, ledger cards and other property relating
to (a) through (d) above, including computer programs, tapes and related
software; and
(f) all Proceeds and products of (a) through (e) above.
All of the Collateral shall secure all of the Obligations irrespective of which
Obligor has rights in any particular item of Collateral.
3
<PAGE>
"Commitment Fee" shall mean a one-time fee in the amount of $60,000.00
--------------
which shall be paid to the Bank by the Borrower at the closing of the Loan.
"Consent of Lessor" shall mean the consent or waiver of the Lessor to the
-----------------
Security Interest such that the Lessor shall not have any lien or security
interest whatsoever in or to the Collateral superior to the Security Interest of
the Bank, and in form acceptable to the Bank.
"Contribution Agreement" shall mean that certain Contribution Agreement
----------------------
entered into by and between the Borrower, the Guarantors and the Bank dated of
even date herewith, and any and all amendments, supplements, modifications or
restatements thereof.
"Covenant Compliance Certificate" shall mean a certificate, in form and
-------------------------------
content satisfactory to the Bank, which shall (i) set forth the various
financial covenants and ratios which the Borrower is required to comply with
during the term of this Agreement, (ii) contain calculations reflecting whether
or not the Borrower is in compliance with each such financial covenant or ratio
requirement, (iii) contain a statement as to whether or not the Borrower is in
default under this Agreement or any of the other Loan Documents and, if the
Borrower is in default, such statement shall indicate the nature thereof as well
as the steps which Borrower proposes to take in order to cure said default, and
(iv) be certified to be true and correct by an officer of the Borrower
acceptable to the Bank.
"Day" shall mean a calendar day, unless the context indicates otherwise.
---
"Debt Service Coverage Ratio" shall mean, at any date of determination
---------------------------
thereof, an amount equal to the sum of Borrower's (i) Net Income before
extraordinary items, and (ii) depreciation, and (iii) amortization, and (iv)
interest, divided by the sum of principal and interest charges of Borrower and
its Subsidiaries on a consolidated basis.
"Default Rate" shall mean (a) twenty-five percent (25%) per annum or (b)
-------------
the highest rate of interest permitted from time to time by applicable law,
whichever is less.
"Document" shall mean any now owned or hereafter acquired bill of lading,
--------
dock warrant, dock receipt, warehouse receipt or order for the delivery of
goods, and also any other document, whether negotiable or non-negotiable, which
in the regular course of business of financing is treated as adequately
evidencing that the person in possession of it is entitled to receive, hold and
dispose of the document and the goods it covers.
"Dollars" shall mean lawful money of the United States of America.
-------
4
<PAGE>
"Due Date" shall mean the date any payment of principal or interest is due
--------
and payable on the Loan or the Note.
"EBITDA" shall mean, for any period, Net Income, increased by the sum of
------
(i) Interest Expense for such period, (ii) Income Tax Expense for such period,
(iii) depreciation for such period and (iv) amortization for such period.
"ERISA" shall mean the Employment Retirement Income Security Act of 1974,
-----
as amended.
"Environmental Laws" shall mean all federal, state, regional, county or
------------------
local laws, statutes, rules, regulations or ordinances concerning public health,
safety or the environment, including but not limited to the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. {9601,
et seq, as amended by the Superfund Amendments and Reauthorization Act of 1986;
- -- ---
the Hazardous Materials Transportation Act, 49 U.S.C. {1801 et seq.; the
-- ----
Resource, Conservation and Recovery Act, 42 U.S.C. {6901 et seq., as amended by
-- ----
the Solid and Hazardous Waste Amendments of 1984; Chapter 403 of Florida
Statutes (the "Florida Air and Water Pollution and Control Act"); Chapter 376 of
Florida Statutes (the "Pollutant Discharge, Prevention and Removal") Sections
501.061 et seq. of Florida Statutes (the "Florida Hazardous Substances Law");
-- ----
any similar law or laws now or hereafter in effect within the state or states in
which the Project is situated; and any other presently-existing or hereafter-
adopted federal, state or local laws or regulations regulating or in any way
pertaining to Hazardous Substances.
"Equipment" shall mean all now existing and hereafter acquired goods (other
---------
than Inventory) used or bought for use primarily in the Debtor's business,
wherever located, including, but not limited to, machinery, furniture,
furnishings, textures, dies, parts (including spare parts and repair parts) and
tools, together with all fittings, accessories, accessions, additions,
modifications, improvements, equipment and special tools now or hereafter
affixed to any or any part of the foregoing or used in connection with any part
of the foregoing and all replacements of any part thereof and all products and
Proceeds of any of the foregoing.
"Event of Default" shall mean an event of default specified in Section 7 of
----------------
this Agreement.
"Existing Loan Agreement" shall mean that certain Amended and Restated Loan
-----------------------
Agreement by and between the Borrower and the Bank dated July 19, 1989, as
amended by amendments dated as of April 30, 1990, as of June 11, 1991, as of
June 1, 1992, as of July 1, 1993, as of January 22, 1994, as of March 1, 1994
and as of June 5, 1995.
5
<PAGE>
"Existing Loan Documents" shall mean the Existing Loan Agreement and all
-----------------------
the other documents referred to therein as "Loan Documents" and all other
documents, agreements, certificates, schedules, notes, statements and opinions,
however described, referenced therein or executed or delivered pursuant thereto
or in connection with or arising therewith.
"Financing Statements" shall mean the financing statements permitted under
--------------------
the Uniform Commercial Code or any other state law for the purpose of perfecting
or continuing the Security Interest.
"Funded Debt" or "Funded Liabilities" shall mean interest bearing debt
-----------------------------------
including, without limitation and duplication:
(a) any liability or obligation which under GAAP is required to
be shown on the balance sheet as a liability,
(b) indebtedness which is secured by any security interest on
property owned by the Borrower whether or not the indebtedness secured thereby
shall have been assumed by the Borrower, and
(d) obligations under any contract providing for the making of
loans, advances, or capital contributions to any Person in order to enable such
Person primarily to maintain working capital, net worth, or any other balance
sheet condition or to pay debts, dividends, or expenses,
all as determined in accordance with GAAP; provided, however, that any such
-----------------
obligation shall be treated as Funded Debt, regardless of its term, if such
obligation is renewable pursuant to the terms thereof or arises under a
revolving credit or similar agreement effective for more than one year after the
date of creation of such obligation, or may be payable out of the proceeds of a
similar obligation pursuant to the terms of such obligation or of any such
agreement.
"Funded Debt to EBITDA Ratio" shall mean the ratio of the Borrower's Funded
---------------------------
Debt to its EBITDA.
"GAAP" shall mean Generally Accepted Accounting Principles consistently
----
applied to the particular item.
"Guarantor" or "Guarantors" shall mean, individually or collectively, as
--------- ----------
the context may require, Audio Communications Network, Inc., a Maryland
corporation, Audio Communications Network, Inc., f/k/a Music Services, Inc., a
Missouri corporation, American Music Network, Inc., a California corporation,
FAEC.
"Guaranty" shall mean that certain Subsidiary Guaranty Agreement of even
--------
date herewith executed by each of the Guarantors in favor of the Bank,
absolutely and unconditionally
6
<PAGE>
guaranteeing the Obligations, in form acceptable to the Bank, and all
supplements, amendments, modifications, restatements and reaffirmations thereof.
"Hazardous Substances" shall mean any hazardous or toxic materials,
--------------------
pollutants, contaminants, constituents or wastes and any other chemical,
material or substance, the generating, handling, storage, release,
transportation, or disposal of which is or becomes prohibited, limited or
regulated by any federal, state, county, regional or local authority or which,
even if not so regulated, is or becomes known to pose a hazard to the health and
safety of the occupants of the Places of Business including, without limitation,
(i) asbestos, (ii) petroleum and petroleum by-products, (iii) urea formaldehyde
foam insulation, (iv) polychlorinated biphenyls, (v) all substances now or
hereafter designated as "hazardous substances," "hazardous materials," "toxic
substances," or "hazardous wastes" pursuant to the Comprehensive Environmental
Response, Compensation and Liability Act of 1980, 42 U.S.C. {9601, et seq., as
-- ----
amended by the Superfund Amendments and Reauthorization Act of 1986, the
Hazardous Materials Transportation Act, 49 U.S.C. {1801 et seq., or the
Resource, Conservation and Recovery Act, 42 U.S.C. {6901 et seq., as amended by
-- ---
the Solid and Hazardous Waste Amendments of 1984; (vi) all substances now or
hereafter designated as "hazardous wastes" or as "hazardous substances" in
Chapter 403 of Florida Statutes (the "Florida Air and Water Pollution and
Control Act") or in {501.061 et seq. of Florida Statutes (the "Florida Hazardous
-- ---
Substances Law"); (vii) all substances now or hereafter designated as
"pollutants" in Chapter 376 of Florida Statutes ("Pollutant Discharge,
Prevention and Removal"); or (viii) all substances now or hereafter designated
as "hazardous substances," "hazardous materials" or "toxic substances" under any
other federal, state or local laws or in any regulations adopted and
publications promulgated pursuant to said laws.
"Income Tax Expense" shall mean, for any period, the aggregate of (i) all
------------------
taxes based upon or measured by the Borrower's income and (ii) franchise taxes
payable by the Borrower, determined in accordance with GAAP.
"Initial Advance" shall mean the delivery of a portion of the proceeds of
---------------
the Loan pursuant to the terms hereof to pay the amount necessary in order to
cover all costs and expenses incident to the closing of the transactions
contemplated hereby, including, without limitation, the attorneys' fees and
costs of the Bank's legal counsel.
"Interest Payment Date" shall mean the first Day of each month, commencing
---------------------
February 1, 1996.
"Interest Expense" shall mean, for any period, the interest expenses of the
----------------
Borrower, including the interest equivalent under Capitalized Lease Obligations
and Funded Liabilities, determined in accordance with GAAP.
7
<PAGE>
"Interest Rate" shall mean the interest rate to be borne by the Note from
-------------
time, except when the Default Rate is in effect, which shall be a floating rate
equal to the Prime Rate plus, initially one and one-half percent and,
thereafter, the Applicable Margin, based upon the Borrower's Funded Debt to
EBITDA Ratio, as set forth in Section 2(c) hereof.
"Intangible Assets" shall mean any personal property (including things in
-----------------
action) other than goods, Accounts, Chattel Paper, Documents, Instruments and
money and including, but not limited to all of the Debtor's now owned or
hereafter acquired (i) deferred assets, other than prepaid insurance and
prepaid taxes, (ii) goodwill, manufacturing and processing rights, patents,
licenses, franchises (including the Muzak Franchises), subscriber rights,
permits, copyrights, trademarks, trade names, trade secrets, customer lists, tax
refund claims, incentive payments, insurance proceeds, experimental expenses and
other similar assets which would be classified as "intangible assets" under
GAAP, (iii) treasury stock and any write-up of the value of any assets after the
date hereof unless in accordance with GAAP, and (iv) all Proceeds of any and all
of the foregoing.
"Inventory" shall mean all of the Debtor's now owned and hereafter acquired
---------
(a) goods, merchandise or personal property, wherever located, held by the
Debtor for sale or lease or to be furnished under contracts of service, (b) raw
materials, (c) work in process, (d) materials used or consumed in the Debtor's
business, (e) materials or supplies used or usable in manufacturing or
processing, (f) packaging and shipping materials, (g) inventory covered by a
warehouse receipt, bill of lading or other negotiable or non-negotiable Document
and (h) returned or repossessed merchandise.
"IRS Code" shall mean the Internal Revenue Code of 1986, as amended.
--------
"Lessor" shall mean a Person who leases real property to the Borrower for
------
use as a Place of Business.
"Lien" shall mean any mortgage, pledge, security interest, encumbrance,
----
lien or charge of any kind (including any agreement to give any of the
foregoing, any conditional sales or other title retention agreements, or any
lease in the nature thereof, and the filing of or agreement to give any
financing statement under the Uniform Commercial Code of any jurisdiction).
"Loan" shall mean the term loan in the aggregate principal amount of
----
$11,000,000.00 extended to the Borrower by the Bank pursuant to the terms
hereof.
"Loan Documents" shall mean this Agreement, the Note, the Guaranty, the
--------------
Contribution Agreement, the Security Documents, the Negative Pledge, the
Existing Loan Documents and all other documents, agreements, certificates,
schedules, notes, statements
8
<PAGE>
and opinions, however described, referenced herein or executed or delivered
pursuant hereto or in connection with or arising with the Loan or any security
therefor or the transactions contemplated by this Agreement.
"Margin Securities" shall mean any "margin securities" within the meaning
-----------------
of Regulation G of the Board of Governors of the Federal Reserve System (12 CFR
Part 207).
"Maturity Date" shall mean the earlier of (i) the occurrence of an Event of
-------------
Default, (ii) January 2, 2001 or (iii) such later date as the Bank may, in its
absolute discretion, agree to in writing, whichever first occurs.
"Monthly Billings" shall mean the aggregate amount of recurring monthly
----------------
billings to customers of the Muzak franchises owned and operated by the Borrower
and all of its Subsidiaries and located in St. Louis, Missouri, Kansas City,
Missouri, Baltimore, Maryland, Fresno, California and Jacksonville, Florida.
"Muzak Franchises" shall mean any and all franchise or licensing agreements
----------------
between the Borrower and any Guarantor and any Muzak entity pursuant to which
the Borrower or any Guarantor is now or may subsequently be authorized to supply
Muzak services and products to its customers, and any and all amendments,
modifications, supplements or replacements thereof.
"Negative Pledge" shall mean the Agreement Not to Sell or Encumber Stock
---------------
executed by the Borrower in favor of the Bank of even date herewith, and any and
all amendments, modifications, supplements or replacements thereof.
"Net Income" shall mean, for any period the aggregate of the net income of
----------
the Borrower determined in accordance with GAAP.
"Note" shall mean the promissory note or notes executed by the Borrower in
----
favor of the Bank evidencing the Loan, in form acceptable to the Bank and any
and all allonges thereto, and any and all amendments, extensions, renewals or
replacements thereof.
"Obligations" shall mean, with respect to the Borrower, individually and
-----------
collectively, the payment and performance duties, obligations and liabilities of
the Borrower to the Bank, evidenced by the Note, together with all accrued but
unpaid interest thereon, and all other payment and performance duties,
obligations and liabilities of the Borrower to the Bank, however and whenever
incurred, acquired or evidenced, whether primary or secondary, direct or
indirect, absolute or contingent, sole or joint and several, or due or to become
due, including, without limitation, all such duties, obligations and liabilities
of the Borrower to the Bank, under and pursuant to this Agreement, the Note and
all renewals, modifications or extensions of any thereof.
9
<PAGE>
"Pension Benefit Plan" shall mean any "employee pension benefit plan" (as
--------------------
defined in Section 3(2) of ERISA) maintained for employees of the Borrower.
"Person" shall mean any individual, joint venturer, partnership, firm,
------
corporation, trust, unincorporated organization or other organization or entity,
or a governmental body or any department or agency thereof, and shall include
both the singular and the plural.
"Places of Business" shall mean any location in which the Borrower or any
------------------
of its Subsidiaries undertakes its business, all as set forth in Exhibit A
attached hereto.
"Plan" shall mean an employee benefit plan or plans and any trust created
----
thereunder which has been established or maintained or hereafter is established
or maintained for employees of the Borrower or any Affiliate, provided such plan
is covered by Title I or IV of ERISA.
"Prime Rate" shall mean the interest rate announced by SunTrust Banks of
----------
Florida, Inc. from time to time, as the prime rate (which interest rate is only
a bench mark, is purely discretionary and is not necessarily the best or lowest
interest rate charged borrowing customers of SunTrust Banks of Florida, Inc.),
with such change in the Prime Rate to be effective at 12:01 a.m. on the day any
such change in the Prime Rate is announced by SunTrust Banks of Florida, Inc.
"Principal Place of Business" shall mean the principal place of business
---------------------------
and the headquarters of the Borrower at which all of its records are kept,
currently at the address set forth in the preamble to this Agreement.
"Proceeds" shall mean whatever is received upon the sale, exchange,
--------
collection or other disposition of the Collateral.
"Prohibited Transaction" shall have the meaning assigned to that term in
----------------------
Title IV of ERISA.
"Related Entity" shall mean any entity if, with respect to the Borrower,
--------------
any of the entity's employees fall within any of the following categories: (a)
employees of a controlled group of corporations as defined in Section 414(b) of
the Code; (b) employees of partnerships, proprietorships or other entities that
are under common control as defined in Section 414(c) of the Code; (c) employees
of affiliated service groups as defined in Section 414(m) of the Code; or (d)
employees of entities that are deemed affiliated with or related to the Borrower
in accordance with Sections 414(n) or (o) of the Code.
"Reportable Event" shall have the meaning assigned to that term in Title IV
----------------
of ERISA.
10
<PAGE>
"Security Agreements" shall mean the security agreements of the Borrower
-------------------
and the Guarantors granting a Security Interest to the Bank in the Collateral,
in form acceptable to the Bank, and all supplements, amendments, modifications
and restatements thereof.
"Security Documents" shall mean the Security Agreements, the Financing
------------------
Statements, the Assignments and all other documents, agreements, assignments,
filings, financing statements, certificates of title, notices, returns and other
security instruments and records, however described or denominated, now or
hereafter created or existing, pledging or evidencing any pledge of any property
or assets, however described, to secure any or all of the Obligations.
"Security Interest" shall mean the first priority security interest in the
-----------------
Collateral granted by the Borrower and the Guarantors to the Bank under the
Security Agreements.
"Subsidiary" shall mean any corporation fifty percent (50%) or more of the
----------
voting stock of which is owned, directly or indirectly, by the Borrower, and
shall include subsidiaries of a subsidiary.
"Tangible Assets" shall mean all assets of the Borrower, all as determined
---------------
in accordance with GAAP, but excluding Intangible Assets.
"UCC" shall mean the Florida Uniform Commercial Code, as amended.
---
2. LOAN.
----
(a) Balance of The Consolidated Loan. Pursuant to the Existing Loan
--------------------------------
Agreement, the Bank has extended to the Borrower the Consolidated Loan in the
principal amount of $5,200,000.00, which has an unpaid principal balance on the
date hereof in the amount of $4,810,000.00.
(b) The Loan. Upon the execution hereof and of the Note and the
--------
other Loan Documents and the compliance by the Borrower with all conditions
precedent, the Bank agrees to lend to the Borrower the entire proceeds of the
Loan on the terms and conditions set forth herein. The Loan shall be evidenced
by the Note, and shall be payable as provided in paragraph (g) of this Section
2.
(c) Interest on the Note. The Loan shall bear interest on the unpaid
--------------------
principal amount thereof from the date made through maturity (whether by
acceleration or otherwise) at a floating rate equal to the Prime Rate plus one
and one-half percent (1.50%), and shall be payable as set forth in paragraph (g)
of this Section 2. If appropriate, the Interest Rate on the Loan shall be
adjusted quarterly and shall fluctuate based upon
11
<PAGE>
the Borrower's Funded Debt to EBITDA Ratio ("FD/EBITDA"), as determined by the
Bank, and shall be a fluctuating rate equal to the Prime Rate ("P") plus the
Applicable Margin, as follows:
<TABLE>
<CAPTION>
FD/EBITDA INTEREST RATE
--------- -------------
<S> <C>
More than or equal to 3.75:1 + less than or equal to 4.0:1 P + 2.00%
More than or equal to 3.5:1 + less than 3.75:1 P + 1.75%
More than or equal to 3.0:1 + less than 3.5:1 P + 1.50%
More than or equal to 2.0:1 + less than 3.0:1 P + 1.25%
More than 2.0:1 P + 1.00%
</TABLE>
Any increase or decrease in the Interest Rate which is occasioned by a change in
the FD/EBITDA shall be effective as of the first Day of the month following the
receipt by the Bank of the Borrower's quarterly financial statements reflecting
such change, and shall be calculated by the Bank based upon such quarterly
financial statements. During the first year after the closing, the Borrower's
FD/EBITDA shall be calculated by annualizing the Borrower's EBITDA as reflected
on the Borrower's financial statements and dividing the result into the
Borrower's Funded Debt as at the end of the applicable calendar quarter. After
the first year, the Borrower's FD/EBITDA shall be calculated by the Bank on a
rolling four quarter basis, based on the Borrower's most recent quarterly
financial statements and its financial statements for the preceding three
quarters.
From and after the Due Date, interest shall accrue on the unpaid principal
balance of the Loan and on all accrued but unpaid interest thereon, or on such
defaulted payment, from the Due Date at the Default Rate. Such interest shall
continue to accrue until the date of payment in full of all principal and
accrued but unpaid interest on such defaulted payment, if applicable.
(d) Calculation of Interest. Any interest due on the Loan or any
-----------------------
other Obligations shall be calculated on the basis of a year containing 360
days. The interest due on any date for payment of interest hereunder shall be
that interest to the extent accrued as of midnight on the last Day immediately
prior to that Interest Payment Date. Notwithstanding anything herein or in any
Loan Documents to the contrary, the sum of all interest and all other amounts
deemed interest under Florida or other applicable law which may be collected by
the Bank hereunder shall not exceed the maximum lawful interest rate permitted
by such law from time to time. The Bank and the Borrower intend and agree that
under no circumstance shall the Borrower be required to pay interest on the Loan
or on any other Obligations at a rate in excess of the maximum interest rate
permitted by applicable law from time to time, and in the event any such
interest is received or charged by the Bank in excess of that rate, the Borrower
shall be entitled to an immediate refund of any such excess interest by a credit
to and payment toward the unpaid balance of the Loan (such credit to be
considered to have been made at the time of the payment of the excess interest)
with any excess interest not so credited to be immediately paid to the Borrower
by the Bank.
12
<PAGE>
(e) Method of Prepayment. The Borrower may at any time prepay all or
--------------------
any part of the principal balance of the Loan outstanding; provided, however,
that each partial prepayment shall be applied to the reduction of the Loan in
the manner as determined by the Bank, in its sole and absolute discretion, and,
further provided, that on the date of the partial prepayment, there shall exist
no Event of Default. Each prepayment other than full payment shall be made prior
to 2:00 P.M. Orlando, Florida time, on the date of the prepayment, and shall be
made on a Banking Day in lawful money of the United States of America and in
immediately available funds.
(f) Place of Payment. All payments by the Borrower under the Loan
----------------
Documents shall be made to the Bank at its office located at 200 South Orange
Avenue, Orlando, Florida 32801 in lawful money of the United States of America
and in immediately available funds.
(g) Payments on the Note. Principal and interest of the Note shall
--------------------
be payable as follows:
(i) Interest. Accrued interest at the Interest Rate shall be
--------
due and payable monthly, on the Interest Payment Date, upon any prepayment (of
the Loan to the extent accrued on the amount being prepaid) and at maturity.
(ii) Principal. Principal shall be due and payable monthly,
---------
together with accrued interest, in 60 consecutive monthly installments,
commencing on February 1, 1996, as follows: (1) twelve principal payments of
$92,000.00 for the first through the twelfth payments, (2) then twelve (12)
principal payments of $102,750.00 for the thirteenth through the twenty-fourth
payments, (3) then twelve (12) principal payments of $114,500.00 for the twenty-
fifth through the thirty-sixth payments, (4) then twelve (12) principal payments
of $128,000.00 for the thirty-seventh through the forty-eighth payments, (5)
then eleven (11) principal payments of $142,000.00 for the forty-ninth through
the fifty-ninth payments, and (6) the entire remaining unpaid principal balance,
together with all accrued but unpaid interest shall be due and payable in full
on the Maturity Date.
(h) Application of Payments. All payments (other than prepayments as
-----------------------
set forth in paragraph 2(e)) made on the Note shall be applied first to interest
accrued to the date of payment and next to the unpaid principal balance
provided, however, in the event an Event of Default occurs and is continuing,
payments shall be applied first to any costs or expenses, including reasonable
attorneys' fees, that the Bank may incur in exercising its rights under the Loan
Documents, as the Bank may determine.
(i) Set-off. The Borrower hereby grants to the Bank a lien on, and a
-------
security interest in, the deposit balances, accounts, items, certificates of
deposit and monies of the
13
<PAGE>
Borrower in the possession of or on deposit with the Bank or any of its
affiliates to secure and as collateral for the payment and performance of the
Obligations. Upon Default, the Bank may at any time and from time to time,
without demand or notice, appropriate and set-off against and apply the same to
the Obligations when and as due and payable.
3. REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants
------------------------------
that:
(a) Organization, Corporate Powers, Etc. The Borrower (i) is duly
-----------------------------------
organized, validly existing and in good standing under the laws of the state of
its organization, (ii) has all requisite power and authority to own its
respective properties and assets and to carry on its respective business as now
conducted and proposed to be conducted, (iii) is duly qualified to do business
and is in good standing in every jurisdiction in which the character of its
properties or assets owned or the nature of its activities conducted makes such
qualification necessary including the State of Florida, and (iv) has the power
and authority to execute and deliver, and to perform its obligations under this
Agreement, the Note and the other Loan Documents.
(b) Authorization of Loans, Etc. The execution, delivery and
---------------------------
performance of the Loan Documents by the Borrower (a) have been duly authorized
by all requisite action and (b) will not (i) violate (A) any provision of law,
any governmental rule or regulation, any order of any court or other agency of
government or the Articles of Incorporation and Bylaws of the Borrower or (B)
any provision of any indenture, agreement or other instrument to which the
Borrower is a party or by which the Borrower or any of its properties or assets
are bound, (ii) be in conflict with, result in a breach of or constitute (with
due notice or lapse of time or both) a default under any such indenture,
agreement or other instrument, or (iii) result in the creation or imposition of
any lien, charge or encumbrance of any nature whatsoever upon any of the
properties or assets of the Borrower other than as permitted by the terms
hereof.
(c) Conflicting Agreements and Other Matters. The Borrower is not a
----------------------------------------
party to any contract or agreement or subject to any charter or other corporate
restriction which materially and adversely affects its business, property or
assets, or financial condition or which restricts or otherwise limits the
incurring of the debt to be evidenced by the Note. Neither the execution nor
delivery of this Agreement, the Note or the other Loan Documents, nor
fulfillment of nor compliance with the terms and provisions hereof or the other
Loan Documents will conflict with, or result in a breach of the terms,
conditions or provisions of, or constitute a default under, or result in any
violation of, or result in the creation of any Lien upon any of the properties
or assets of the Borrower pursuant to the Borrower's governing documents, any
award of any arbitrator or
14
<PAGE>
any agreement (including any agreement with stockholders), instrument, order,
judgment, decree, statute, law, rule or regulation to which the Borrower is
subject.
(d) Financial Statements. The Borrower has furnished, or caused to
--------------------
be furnished, the Bank with its financial statements for its fiscal year ended
on December 31, 1994 and interim statements for the 10 month period ending
October 31, 1995. Such financial statements (including any related schedules
and/or notes) are true and correct in all material respects (subject, as to
interim statements, to changes resulting from audits and year-end adjustments)
and have been prepared in accordance with GAAP and show all liabilities, direct
and contingent, of the Borrower required to be shown in accordance with such
principles. The financial statements fairly present the condition of the
Borrower as at the dates thereof and fairly present the results of the
operations of the Borrower for the periods indicated. There has been no material
adverse change in the business, condition or operations (financial or otherwise)
of the Borrower taken as a whole since the latest date of such financial
statements.
(e) Changes in Financial Conditions; Adverse Developments. From the
-----------------------------------------------------
date of the annual financial statements referenced in subparagraph 3(d) hereof,
to the date of this Agreement, there has been, and to the date of the Initial
Advance there will be, no change in the properties, assets, liabilities,
financial condition, business, operations, affairs or prospects of the Borrower
from that set forth or reflected in the fiscal year-end balance sheet referred
to in subparagraph 3(d) hereof, other than changes in the ordinary course of
business, including acquisitions, none of which have been, either in any case or
in the aggregate, materially adverse.
(f) Tax Returns and Payments. All federal, state and local tax
------------------------
returns and reports of the Borrower required to be filed have been filed, and
all taxes, assessments, fees and other governmental charges upon the Borrower,
or upon any of its properties, assets, incomes or franchises, which are due and
payable in accordance with such returns and reports, have been paid, other than
those presently (a) payable without penalty or interest, or (b) contested in
good faith and by appropriate and lawful proceedings prosecuted diligently. The
aggregate amount of the taxes, assessments, charges and levies so contested is
not material to the condition (financial or otherwise) and operations of the
Borrower. The charges, accruals, and reserves on the books of the Borrower in
respect of federal, state and local taxes for all fiscal periods to date are
adequate and the Borrower knows of no other liabilities with regard to unpaid
assessments for additional federal, state or local taxes for any such fiscal
period or of any basis therefor. The Borrower has and will establish all
reserves which it reasonably believes to be necessary and make all payments
required of them to be set aside or made in regard to all F.I.C.A., withholding,
sales or excise, and all other similar federal, state and local taxes.
15
<PAGE>
(g) Agreements.
----------
(i) The Borrower is not a party to any agreement, indenture,
lease or instrument or subject to any charter or other corporate restriction or
any judgment, order, writ, injunction, decree, rule or regulation materially and
adversely affecting its business, properties, assets, operations or condition
(financial or otherwise). There are no material unrealized losses with respect
to any such agreement, indenture, lease or instrument.
(ii) The Borrower is not in default in the performance,
observance or fulfillment of any of the obligations, covenants or conditions
contained in any agreement or instrument to which it is a party which would have
a material impact on its financial condition or ability to perform its
obligations hereunder.
(h) Title to Properties and Assets, Liens, Etc. The Borrower has
------------------------------------------
good and marketable title to its real properties other than properties which it
leases and good title to all of its other properties and assets, including the
properties and assets reflected in the financial statements hereinabove
described (other than properties and assets disposed of in the ordinary course
of business). The Borrower enjoys peaceful and undisturbed possession in all
material respects of all leases as to which the Borrower is a lessee necessary
in any material respect for the operation of its properties and assets, none of
which contains any unusual or burdensome provisions which might materially
affect or impair the operation of such properties and assets, and all such
leases are valid and subsisting and in full force and effect.
(i) Securities Acts. Neither the Borrower nor any agent acting on
---------------
its behalf has, directly or indirectly, taken or will take any action which
would subject the issuance of the Note to the provisions of Section 5 of the
Securities Act of 1933, as amended, or to the provisions of any securities or
Blue Sky law of any applicable jurisdiction.
(j) Regulation G, etc.. Neither the Borrower nor any agent acting on
------------------
its behalf has taken or will take any action which might cause this Agreement or
the Note to violate Regulation G, T or X or any other regulation of the Board of
Governors of the Federal Reserve System or to violate the Securities Exchange
Act of 1934, in each case as in effect now or as the same may hereafter be in
effect.
(k) Litigation, Etc. There are no actions, proceedings or
---------------
investigations, however described or denominated, pending or, to the knowledge
of the Borrower, threatened, against the Borrower, or affecting the Borrower (or
any basis therefor known to the Borrower) which, either in any case or in the
aggregate, might result in any material adverse change in the financial
condition, business, prospects, affairs or operations
16
<PAGE>
of the Borrower or in any of its properties or assets, or in any material
impairment of the right or ability of the Borrower to carry on its operations as
now conducted or proposed to be conducted, or in any material liability on the
part of the Borrower, or which questions the validity of this Agreement, the
Note, or any of the other Loan Documents or of any action taken or to be taken
in connection with the transactions contemplated hereby or thereby.
(l) Regulation U. The Borrower is not engaged principally in, and
------------
does not have as one of its important activities, the business of extending
credit for the purpose of purchasing or carrying any Margin Securities. No part
of the proceeds of the Loan hereunder will be used to carry on any margin
security transactions within the meaning of said Regulation.
(m) ERISA. No Reportable Event (whether or not waived) has occurred
-----
or is continuing with respect to any Pension Benefit Plan. No Prohibited
Transaction has occurred with respect to any Employee Plan maintained for
employees of the Borrower and covered by Part 4 of Subtitle B of Title I of
ERISA. No material employee benefit plan established or maintained by the
Borrower or any Affiliate of the Borrower or any Related Party (including any
multiemployer plan to which the Borrower or any Affiliate of the Borrower
contributes) which is subject to Part 3 of Subtitle B of Title I of ERISA had a
material accumulated funding deficiency (as such term is defined in Section 302
of ERISA) as of the last day of the most recent fiscal year of such plan ended
prior to the date hereof, or would have had an accumulated funding deficiency
(as so defined) on such day if such year were the first year of such plan to
which Part 3 of Subtitle B of Title I of ERISA applied, and no material
liability to the Pension Benefit Guaranty Corporation, has been, or is expected
by the Borrower or any Affiliate of the Borrower to be, incurred with respect to
any such plan by the Borrower or any Affiliate of the Borrower.
The Borrower is not required to contribute to or is contributing to a
"Multiemployer Pension Plan" (as such term is defined in the Multiemployer
Pension Plan Amendments Act of 1980). The Borrower has no "withdrawal
liability" (as also defined in such Act) to any multiemployer pension plan.
(n) Governmental Consent. Neither the nature of the Borrower nor of
--------------------
its business or properties nor any relationship between the Borrower and any
other Person, nor any circumstance in connection with the Loan or the issuance
and delivery of the Note is such as to require any consent, approval or other
action by or any notice to or filing with any court or administrative or
governmental body (other than routine filings after the date of any closing with
the Securities and Exchange Commission and/or State Blue Sky authorities) in
connection with the execution and delivery of this Agreement, the Loan or the
issuance and delivery
17
<PAGE>
of the Note or fulfillment of or compliance with the terms and provisions hereof
or of the Note.
(o) Holding Company Status. The Borrower is not a holding company,
----------------------
or a subsidiary or affiliate of a holding company, or a public utility, within
the meaning of the Public Utility Holding Company Act of 1935, as amended, or a
public utility within the meaning of the Federal Power Act, as amended.
(p) Investment Company Status. The Borrower is not an "investment
-------------------------
company" or a company "controlled" by an "investment company" within the meaning
of the Investment Company Act of 1940, as amended, or an "investment adviser"
within the meaning of the Investment Advisers Act of 1940, as amended.
(q) Consents and Approvals. No authorization, license, consent,
----------------------
approval, or undertaking is required under any applicable law in connection with
the execution, delivery and performance by the Borrower of this Agreement, the
Note or any of the other Loan Documents.
(r) Patents, Trademarks, Franchises, etc. The Borrower owns or has
------------------------------------
the right to use all of the patents, trademarks, service marks, trade names,
copyrights, franchises (including the Muzak Franchises) and licenses, and all
rights with respect thereto, necessary for the conduct of its business as now
conducted or proposed to be conducted without any known conflict with the rights
of others, and, in each case, subject to no mortgage, pledge, lien, lease,
encumbrance, charge, security interest, title retention agreement or option.
Each such asset or agreement is in full force and effect, and the holder thereof
has fulfilled and performed all of its obligations with respect thereto. No
event has occurred or exists which permits, or after notice or lapse of time or
both would permit, revocation or termination, or which materially adversely
affects or in the future may (so far as the Borrower now foresees) materially
adversely affect, the rights of such holder thereof with respect thereto. No
other license or franchise is known by the Borrower to be necessary to the
operations of the business of the Borrower as now conducted or proposed to be
conducted.
(s) Environmental Matters. To the best of Borrower's knowledge, the
---------------------
Borrower is in compliance with all provisions of the Environmental Laws, and
with any rules, regulations and administrative orders of any governmental
agency, and with any judgments, decrees or orders of any court of competent
jurisdiction with respect thereto.
(i) The Borrower has not received any notice of violation,
warning notice, assessment, notice of (primary or secondary) liability or notice
of financial responsibility, or notice of any action, claim or proceeding to
determine such liability or responsibility, or the amount thereof, or to impose
civil penalties with respect to a site listed on any federal or
18
<PAGE>
state listing of sites containing or believed to contain Hazardous Substances,
nor has Borrower received a notification that any Hazardous Substances that it
has disposed of have been found in any site at which any governmental agency is
conducting an investigation or other proceeding under any Environmental Law.
(ii) No part of the property used by the Borrower in its
business or any building, structure or facility located thereon or improvement
thereto contains or contained asbestos or polychlorinated biphenyls; have or
have had asbestos-containing materials or electrical transformers, fluorescent
light fixtures, ballast or other equipment containing PCBs installed thereon or
therein; is or has been used for the handling, processing, storage or disposal
of Hazardous Substances; or contain or contained above-ground or underground
storage tanks or other storage facilities for Hazardous Substances.
(iii) Borrower agrees to indemnify, save harmless and defend
the Bank, its officers, directors, shareholders and employees, and its
successors and assigns, from and against any and all liabilities, claims,
penalties, forfeitures, suits, and the costs and expenses incident thereto
(including costs of defense, settlement and reasonable attorneys' fees), which
the Bank, its officers, directors, shareholders and employees, and its
successors and assigns, may hereafter incur, become responsible for or pay out
as a result of a violation by Borrower of the Environmental Laws or the
incorrectness of any representation or warranty contained in this subparagraph.
(t) Subsidiaries. As of the date of this Agreement the only
------------
Subsidiaries of the Borrower are the Guarantors. All representations and
warranties set forth in this Agreement shall apply not only to the Borrower but
also to each Subsidiary of the Borrower.
(u) Security Interest. The Security Interest is a first priority
-----------------
security interest and there will be no other security interests or other
encumbrances upon the Collateral during the term of the Loan.
(v) Places of Business. The Places of Business set forth in Exhibit
------------------
A attached hereto are the only Places of Business of the Borrower and its
Subsidiaries as of the date of this Agreement.
(w) Outstanding Debt. On the date of this Agreement, the Borrower
----------------
has no outstanding Funded Liabilities except as reflected in the financial
statements furnished to the Bank pursuant hereto. There exists no default and,
after giving effect to the transactions contemplated in this Agreement, there
will exist no default under the provisions of any instrument evidencing such
Liabilities or of any agreement relating thereto.
19
<PAGE>
4. AFFIRMATIVE COVENANTS. Borrower, and, where applicable, each
---------------------
Guarantor covenants, for so long as any of the principal amount or interest on
the Note is outstanding and unpaid or any duty or obligation of the Borrower
hereunder or under any of the other Obligations remains unpaid or unperformed,
as follows:
(a) Maintenance of Corporate Existence; Compliance with Laws. The
--------------------------------------------------------
Borrower and each Guarantor shall at all times preserve and maintain in full
force and effect its corporate existence, powers, rights, licenses, permits and
franchises in the jurisdiction of its formation; continue to conduct and operate
its business substantially as conducted and operated during its present and
preceding fiscal year; operate in substantial compliance with all applicable
laws, statutes, regulations, certificates of authority and orders in respect of
the conduct of its business; and qualify and remain qualified to do business in
each jurisdiction in which such qualification is necessary or appropriate in
view of its business and operations.
(b) Inspection. The Borrower and each Guarantor will permit the Bank
----------
to visit and inspect any of its properties and Places of Business, including its
books and records (and to make extracts therefrom to the extent reasonably
related to credit-worthiness), and to discuss its affairs, finances and accounts
with its officers all at such reasonable times and as often as may be reasonably
requested.
(c) Accounting; Financial Statements; Etc. The Borrower will deliver
-------------------------------------
or cause to be delivered to the Bank, copies of each of the following:
(i) as soon as practicable and in any event within fifteen
(15) Days after the end of each month, internally generated financial statements
of the Borrower and each Guarantor for the period from the beginning of the
current fiscal year to the end of such month, in reasonable detail and certified
by an authorized financial officer of the Borrower; and
(ii) as soon as practicable and in any event within ninety
(90) Days after the end of each fiscal year of the Borrower and each Guarantor,
an audited consolidated and consolidating income statement, profit and loss
statement, reconciliation of surplus statement, cash flow statement and source
and application of funds statement of the Borrower for such year, and an audited
consolidated and consolidating balance sheet of the Borrower as at the end of
such year, setting forth in each case in comparative form corresponding
consolidated figures from the preceding annual audit, all in form and scope
acceptable to the Bank and certified to the Borrower by independent certified
public accountants acceptable to the Bank whose certificate shall be in scope
and substance satisfactory to the Bank; and
20
<PAGE>
(iii) as soon as practicable and in any event within thirty
(30) Days after the end of each quarter of each fiscal year of the Borrower, a
Covenant Compliance Certificate; and
(iv) promptly upon transmission thereof, copies of all such
financial statements, proxy statements, notices, and reports as it shall send to
all stockholders and of all registration statements (without exhibits) and all
reports (including, without limitation, each Form 10-Q and Form 10-K) which it
is or may be required to file with the Securities and Exchange Commission or any
governmental body or agency succeeding to the functions of such Commission; and
(v) promptly upon receipt thereof, a copy of each other
report submitted to the Borrower or any Guarantor by independent accountants in
connection with any annual, interim or special audit made by them of the books
of the Borrower or any Guarantor; and
(vi) With reasonable promptness, such other data and
information as from time to time may be requested by the Bank.
(d) Financial Condition. The Borrower and each Guarantor shall
-------------------
maintain a financial condition acceptable to the Bank.
(e) Notice of Event of Default. The Borrower and each Guarantor
--------------------------
shall immediately notify the Bank in writing upon the happening, occurrence or
existence of any Event of Default and shall provide the Bank with such written
notice, a detailed statement by a responsible officer of the Borrower or such
Guarantor of all relevant facts and the action being taken or proposed to be
taken by the Borrower or such Guarantor with respect thereto.
(f) Maintenance of Properties. The Borrower and each Guarantor shall
-------------------------
maintain or cause to be maintained in good repair, working order and condition
all properties used in Borrower's business including, but not limited to, any
real property and all improvements located thereon, and from time to time will
make or cause to be made all appropriate repairs, renewals, improvements and
replacements thereof so that the businesses carried on in connection therewith
may be properly conducted at all times. Neither the Borrower nor any Guarantor
will do or permit any act or thing which might materially impair the value or
commit or permit any material waste of its properties or any part thereof, or
permit any unlawful occupation, business or trade to be conducted on or from any
of its properties. To the extent the Borrower and any Guarantor leases any of
its Places of Business, it shall maintain and keep current at all times all
leases for said places of business.
21
<PAGE>
(g) Notice of Suit, Proceedings, Adverse Change. The Borrower and
-------------------------------------------
each Guarantor shall promptly give the Bank notice in writing (a) of all
threatened or actual actions or suits (at law or in equity) and of all
threatened or actual investigations or proceedings by or before any court,
arbitrator or any governmental department, commission, board, bureau, agency or
other instrumentality, state, federal or foreign, affecting the Borrower or the
rights of other properties of the Borrower or such Guarantor, (i) which involves
potential liability of the Borrower or such Guarantor in an amount in excess of
$10,000.00 in any individual case or $10,000.00 in the aggregate for all such
cases, or (ii) which the Board of Directors of the Borrower or such Guarantor
has reason to believe in good faith is likely to materially and adversely affect
the financial condition of the Borrower or to impair the right or ability of the
Borrower or such Guarantor to carry on its business as now conducted or to pay
the Obligations or perform its duties under the Loan Documents; (b) of any
material adverse change in the condition (financial or otherwise) of the
Borrower or such Guarantor; and (c) of any siege or levy of any material part of
the properties of the Borrower or such Guarantor under any process or by a
receiver.
(h) Insurance. The Borrower and each Guarantor shall timely procure
---------
and maintain and comply with such insurance and policies of insurance (including
without limitation public liability, property damage and casualty business
interruption) as may be required by law and such other insurance to such extent
and against such hazards and liabilities, as is customarily maintained by
companies similarly situated, and to furnish to the Bank upon its request
evidence of said insurance. In any event, the Borrower and each Guarantor shall
at all times maintain at least the policies of insurance and the levels of
insurance coverage as are requested from time to time by the Bank. The Bank
shall be listed as "loss payee" on all such policies of insurance and
certificates evidencing compliance with this subparagraph shall be delivered to
the Bank prior to the Initial Advance Date and from time to time thereafter upon
the Bank's request.
(i) Debts and Taxes and Liabilities. The Borrower and each Guarantor
-------------------------------
shall pay and discharge (i) all of its indebtedness and obligations in
accordance with their terms and before they shall become in default, (ii) all
taxes, assessments and governmental charges or levies imposed upon it or upon
Borrower's income and profits, or against its properties, prior to the date on
which penalties attach thereto, and (iii) all lawful claims which, if unpaid,
might become a lien or charge upon any of its properties; provided, however,
that it shall not be required to pay any such indebtedness, obligation, tax,
assessment, charge, levy or claim which is being contested in good faith by
appropriate and lawful proceedings diligently pursued and for which adequate
reserves (with respect to any material claims) have been set aside on its books.
The Borrower
22
<PAGE>
and each Guarantor shall also set aside and/or pay as and when due all monies
required to be set aside and/or paid by any federal, state or local statute or
agency in regard to F.I.C.A., withholding, sales or excise or other similar
taxes.
(j) Notification of Change of Name or Business Location. The
---------------------------------------------------
Borrower and each Guarantor shall notify the Bank of each change in its name and
of each change in the location of the Principal Place of Business and the office
where the records of the Borrower are kept or of any other Place of Business,
and in such case, shall execute such documents as the Bank may reasonably
request to reflect such change in name or change in location, as the case may
be; provided, however, the Principal Place of Business of the Borrower and the
office where the records of the Borrower are kept may not be moved from the
address of the Borrower set forth above, without prior written notice to the
Bank. The Bank acknowledges that it is aware of the anticipated change in the
name of the Borrower's Subsidiary Florida Audio Engineering Company to Florida
Sound Engineering Company and the Bank hereby consents to such change.
(k) Notice of Adoption of Plan. As soon as possible and in any event
--------------------------
within thirty (30) days after the Borrower or any Related Entity adopts a new
Plan, the Borrower or such Related Entity shall notify the Bank of the adoption
of the new Plan. Adoption of a new Plan shall include the adoption of the new
Plan by the Borrower or such Related Entity as well as inclusion of employees of
the Borrower or such Related Entity under the Plan of another corporation.
(l) Notice of Plan Events, Termination and Litigation. As soon as
-------------------------------------------------
possible and in any event within thirty (30) days after the Borrower or any
Related Entity knows or has reason to know that any Reportable Event or a
Prohibited Transaction with respect to any Plan has occurred or that the Pension
Benefit Guaranty Corporation or the Borrower or any Related Entity has
instituted or will institute proceedings under ERISA to terminate a Plan, or a
partial termination of a Plan has or is alleged to have occurred, or more than
twenty percent (20%) of the total number of employees who are participants in a
Plan will sever, or have severed, their employment due to a decision to cease
operations at a facility or facilities or to reduce the work force, or any
litigation regarding a Plan or naming the trustee of a Plan or the Borrower or
any Related Entity with respect to a Plan is threatened or instituted, or the
purchase, acceptance, holding or sale of customer notes by a Plan fails to
comply with Prohibited Transactions Exemption 85-68 published on April 3, 1985,
the Borrower will provide to the Bank copies of the written statement of the
chief financial officer of the Borrower setting forth details of such Reportable
Event, Prohibited Transaction, termination proceeding, partial termination or
litigation and the action being or proposed to be taken with respect thereto,
together with copies of the notice of such Reportable Event or any other
notices, applications or forms submitted to the Pension
<PAGE>
Benefit Guaranty Corporation, Internal Revenue Service or the United States
Department of Labor, and copies of any notices or correspondence received from
the Pension Benefit Guaranty Corporation, Internal Revenue Service or the United
States Department of Labor, and copies of any pleadings, notices or other
documents relating to such litigation.
(m) Plan Annual Reports. Promptly after the filing thereof with the
-------------------
Internal Revenue Service or the Pension Benefit Guaranty Corporation, the
Borrower and each Guarantor will provide to the Bank copies of each annual
report and annual premium filing form which is filed with respect to each Plan
for each plan year, including (i) a statement of assets and liabilities of such
Plan as of the end of such plan year and statements of changes in fund balance
and in financial position, or a statement of changes in net assets available for
plan benefits, for such plan year, certified by the trustee of the Plan or the
independent certified public accountants for such and (ii) if required by law or
applicable regulations, an actuarial statement of such Plan applicable to such
plan year, certified by the actuary for the Plan.
(n) Environmental Compliance. At all times during the term of this
------------------------
Agreement, the Borrower and each Guarantor shall comply with all Environmental
Laws, and during the entire such period, the representations made in paragraph
3(q) shall remain true.
(o) Banking Relationship. The Borrower shall at all times during the
--------------------
term of this Agreement maintain its primary depository relationship at the Bank,
and such relationship shall be maintained in a manner acceptable to the Bank.
(p) Financial Covenants. At all times during the term of this
-------------------
Agreement, the Borrower shall comply with the following affirmative financial
covenants:
(i) Debt Service Coverage Ratio. The Borrower's Debt Service
---------------------------
Coverage Ratio shall equal or exceed 1.2:1.0 at all times, tested quarterly
on a trailing four (4) quarter basis.
(ii) Monthly Billings. Commencing as of the date hereof, and as of
----------------
the last Day of each calendar month thereafter during the term of this
Agreement, consolidated Monthly Billings shall equal or exceed $535,000.00.
Within thirty (30) Days of the end of each calendar month, the Borrower
shall deliver to the Bank a certificate, in form acceptable to the Bank,
which sets forth the amount of the Monthly Billings for the immediately
preceding month.
24
<PAGE>
(iii) Funded Debt to EBITDA Ratio. The Borrower's Funded Debt to
---------------------------
EBITDA Ratio shall be equal to or less than 4.0:1.0.
(q) Subsidiaries. The Borrower shall give the Bank prompt written
------------
notice of the organization of a Subsidiary, as well as such other information in
respect thereof as the Bank may reasonably request.
(r) Further Assurances; Additional Collateral Documents. The
---------------------------------------------------
Borrower and each Guarantor will, at its expense, execute, acknowledge and
deliver and cause to be executed, acknowledged and delivered, to the Bank all
such instruments, including, without limitation, financing statements, security
agreements, assumptions and continuation statements, deliver to the Bank all
such legal opinions, and take all such other action as the Bank may from time to
time request for the purpose of further assuring to the Bank the security for
the Obligations provided for, or intended to be provided for, in this Agreement
and the other Loan Documents and to confirm the Obligations. Further, to the
extent the Borrower or any Guarantor acquires from time to time any additional
property within the definition of the term Collateral, the Borrower or such
Guarantor shall immediately execute and deliver to the Bank such documents as
are necessary to grant the Bank a valid and first priority lien or security
interest in such property.
(s) Waiver of Landlord's Lien. In the event that any of the
-------------------------
Collateral is at any time located on any leased premise, the Borrower or
Guarantor will furnish to the Bank a Consent of Lessor.
(t) Life Insurance. At all times during the term of this Agreement,
--------------
the Borrower shall keep and maintain a "key man" life insurance policy on the
life of A. J. Schell in the amount of at least $500,000.00. Said policy shall
be assigned to the Bank as collateral security for the Loan, and the Borrower
shall execute the Assignments or any other appropriate documentation to evidence
such assignment. The policy shall be issued by an insurer bearing a rating of
B+ or better by A. M. Best & Co. Borrower shall provide proof of payment of the
annual premiums to the Bank during the term of the Loan. Borrower shall provide
proof of payment of the annual premiums to the Bank during the term of this
Agreement.
(u) Contracts, Leases and Franchises. The Borrower and each
--------------------------------
Guarantor shall provide copies of each of its now existing or hereafter entered
into contracts, leases and franchises (including the Muzak Franchises) and any
and all amendments, modifications, supplements or replacements thereto, and
shall assign and grant and security interest in each of them to the Bank, as
collateral security for the Loan, and, in connection therewith, shall execute
and deliver to the Bank such documents or agreements as may be required by the
Bank to
25
<PAGE>
evidence and/or perfect such assignment and security interest. To the extent
that any written consent or acknowledgment shall be required for such assignment
from any lessor or franchisor, Borrower or such Guarantor shall obtain same, in
form acceptable to the Bank in its absolute discretion.
(v) Stamp, Excise and Intangible Taxes. If any stamp, excise or non-
----------------------------------
recurring intangible tax shall become applicable with respect to this Agreement,
the Bank or any other Loan Document, the Borrower shall promptly pay such tax in
full (including interest and penalties, if any) and shall hold the Bank harmless
with respect thereto.
(w) Subordination of Affiliate Loans, Etc. All loans or fees owed to
-------------------------------------
Affiliates of the Borrower shall, at all times, be subordinate to the Loan and
the Borrower shall cause its Affiliates from time to time, to execute and
deliver to the Issuer and the Bank subordination agreements in form and content
satisfactory to the Bank; provided, however, so long as no Default exists or has
occurred, the Borrower may pay current scheduled payments on such loans or fees,
but may not prepay such loans or fees.
5. NEGATIVE COVENANTS. So long as any Obligation to the Bank is
------------------
outstanding or unperformed, the Borrower and the Guarantors will not without the
prior written consent of the Bank, which consent shall not be unreasonably
withheld:
(a) Sale of Collateral; Liens on Collateral. Sell, assign or
---------------------------------------
discount any of the Collateral with or without recourse, except for the
collection or disposition of Accounts or the sale of Inventory in the ordinary
course of business; or borrow from anyone on security of, or pledge or grant any
security interest in the Collateral or any other assets of Borrower or such
Guarantor to anyone, or create, incur or permit any lien or encumbrance to
attach to any of the foregoing, or any levy to be made thereon, or any financing
statement to be on file with respect thereto, provided, however, nothing herein
shall prohibit (i) liens for taxes not yet due or which are being actively
contested in good faith by appropriate proceedings; and (ii) other liens
incidental to the conduct of Borrower's or such Guarantor's business or the
ownership of its property and assets which are not incurred in connection with
the borrowing of money or the obtaining of advances or credit, and which do not
in the aggregate materially detract from the value of its property or assets or
materially impair the use thereof in the operation of its business.
(b) Additional Indebtedness. Incur further indebtedness, including,
-----------------------
without limitation, Capitalized Lease Obligations, in excess of $250,000.00 in
the aggregate in any fiscal year.
26
<PAGE>
(c) Other Agreements. Enter into any arrangements, contractual or
----------------
otherwise, which would materially and adversely affect its duties or the rights
of the Bank under the Loan Documents or which is inconsistent with or limits or
abrogates the Loan Documents.
(d) Sale of Assets. Sell, lease, assign, transfer or otherwise
--------------
dispose of any part of its assets or properties, tangible or intangible, to any
Person except the sale of Inventory in the ordinary course of business and the
replacement of its Equipment due to repair or obsolescence.
(e) Merger, Consolidation, Dissolution, Etc. Consolidate with or
---------------------------------------
merge into any other Person, or permit another Person to merge into it, or
dissolve or take or omit to take any action which would result in its
dissolution, or acquire all or substantially all the properties or assets of any
other Person, or enter into any arrangement, directly or indirectly, with any
Person whereby it shall sell or transfer any property, real or personal, whether
now owned or hereafter acquired, and thereafter rent or lease such property or
other property which it intends to use for substantially the same purpose or
purposes as the property being sold or transferred.
(f) Loans, Advances, Investments, and Contingent Liabilities. Make
--------------------------------------------------------
or permit to remain outstanding any loan, or advance to, or guarantee, or
endorse or otherwise be or become contingently liable, directly or indirectly,
in connection with any obligation or the stock or dividends of, or own, purchase
or acquire any stock, obligations or securities of, or any other interest in, or
make any capital contribution to any other Person.
(g) Plan Liabilities. Neither the Borrower nor any Related Entity
----------------
will permit the aggregate present value of accrued benefits of any Plan,
computed in accordance with actuarial principles and assumptions applied on a
uniform and consistent basis by an enrolled actuary of recognized standing
acceptable to the Bank, to exceed the aggregate value of assets of the Plans,
computed on a fair market value basis, or permit the aggregate present value of
vested benefits of the Plans, computed in accordance with actuarial principles
and assumptions applied on a uniform and consistent basis by an enrolled actuary
of recognized standing acceptable to the Bank, to exceed the aggregate value of
assets of the Plans, computed on a fair market value basis.
(h) Capital Expenditures. On a consolidated basis, make capital
--------------------
expenditures for fixed assets in excess of $500,000.00 in the aggregate in any
fiscal year.
(i) Dividends. Pay any dividends to its shareholders on any class of
---------
its stock.
27
<PAGE>
(j) Fiscal Year. The Borrower will not change its fiscal year from a
-----------
year ending December 31.
(k) Changes in Business. Engage in any business other than the
-------------------
business presently conducted by it on the date of this Agreement and business of
substantially the same type or reasonably related thereto.
(l) Change of Name or Business Location. Except as permitted in this
-----------------------------------
Agreement, change its name or the location of any of its offices where records
regarding the Collateral are kept.
6. CONSENT TO PURCHASE OF JACKSONVILLE ASSETS AND CHANGE OF NAME OF
----------------------------------------------------------------
JACKSONVILLE SUBSIDIARY. The Borrower recently entered into an Agreement of
- -----------------------
Sale (the "Jacksonville Contract") with Florida Sound Engineering Company, a
Florida corporation, for the purpose of acquiring all of the assets of such
corporation (the "Jacksonville Assets"). In connection with such purchase, the
Borrower recently formed a Subsidiary known as Florida Audio Engineering Company
(the "Jacksonville Subsidiary") for the purpose of acquiring title to the
Jacksonville Assets. The Jacksonville Contract will be assigned to the
Jacksonville Subsidiary, which will complete the purchase of the Jacksonville
Assets. Immediately upon the conclusion of such purchase, the Jacksonville
Subsidiary will change its name to Florida Sound Engineering Company and will
thereafter operate under such name. The Bank hereby consents to the purchase of
the Jacksonville Assets and the change of the name of the Jacksonville
Subsidiary in connection with such purchase. The Borrower agrees to provide
evidence of such name change to the Bank as soon as it is available.
7. EVENTS OF DEFAULT. The following each and all are Events of Default
-----------------
hereunder:
(a) Monetary Default. If the Borrower shall default in any payment
----------------
of the principal of or interest on the Loan when and as the same shall become
due and payable, whether on demand, at maturity, by acceleration or otherwise;
or
(b) Non-Monetary Default. If the Borrower or any Guarantor shall
--------------------
default in the performance of or compliance with any term or covenant contained
in this Agreement or one or more of the other Loan Documents other than a term
or covenant a default in the performance of which or non-compliance with which
is elsewhere specifically dealt with under this Section 7; or
(c) Third Party Default. If the Borrower or any Guarantor shall be
-------------------
declared in default by a third party in the performance of any agreement with
any Person other than the Bank with respect to any material indebtedness of the
Borrower or such Guarantor if the effect of such default is to accelerate the
maturity of such indebtedness or at maturity (giving effect to
28
<PAGE>
any applicable grace periods) such indebtedness shall not be paid as and when
due and payable unless such default is being contested in good faith by the
Borrower or such Guarantor; or
(d) False Representation. If any representation or warranty made in
--------------------
writing by or on behalf of the Borrower or any Guarantor herein or in any other
Loan Document shall prove to have been false or incorrect in any material
respect on the date as of which made or reaffirmed; or
(e) Bankruptcy or Insolvency. If the Borrower or any Guarantor shall
------------------------
admit in writing its/his/her inability, or be generally unable, to pay
its/his/her debts as they become due or shall make an assignment for the benefit
of creditors, file a petition in bankruptcy, petition or apply to any tribunal
for the appointment of a custodian, receiver or trustee for the Borrower or a
substantial part of its/his/her assets, or shall commence any proceeding under
any bankruptcy, reorganization, arrangement, readjustment of debt, dissolution
or liquidation law or statute of any jurisdiction, whether now or hereafter in
effect, or if there shall have been filed any such petition or application, or
any such proceeding shall have been commenced against the Borrower or any
Guarantor, in which an order for relief is entered or which remains undismissed
for a period of ninety (90) days or more, or the Borrower or any Guarantor by
any act or omission shall indicate its/his/her consent to, approval of or
acquiescence in any such petition, application, or proceeding or order for
relief or the appointment of a custodian, receiver or any trustee for the
Borrower or any Guarantor or any substantial part of any of its/his/her
properties, or shall suffer any such custodianship, receivership or trusteeship
to continue undischarged for a period of ninety (90) Days or more; or
(f) Dissolution. If any order, judgment, or decree is entered in any
-----------
proceedings against the Borrower or any Guarantor decreeing the dissolution of
the Borrower and such order, judgment, or decree remains unstayed and in effect
for more than ninety (90) Days; or
(g) Default by Guarantor. If any Guarantor fails to meet or comply
--------------------
with any term or condition of his/her Guaranty or seeks to cancel his/her
Guaranty for any reason whatsoever or defaults in the payment or performance of
any obligations or indebtedness of such Guarantor to the Bank; or
(h) Fraudulent Conveyance. If the Borrower of any Guarantor shall
---------------------
have concealed, removed, or permitted to be concealed or removed, any part of
its properties, with intent to hinder, delay or defraud its creditors or any of
them, or made or suffered a transfer of any of its properties which may be
fraudulent under any bankruptcy, fraudulent conveyance or similar law, or shall
have made any transfer of its properties to or for the benefit of a creditor at
a time when other creditors similarly situated have not been paid, or shall have
suffered or
29
<PAGE>
permitted, while insolvent, any creditor to obtain a lien upon any of its
properties through legal proceedings or distraint which is not vacated within
thirty (30) Days from the date thereof; or
(i) Final Judgment. If a final judgment for the payment of money in
--------------
excess of an aggregate of $25,000.00 shall be rendered against the Borrower or
any Guarantor, and the same shall remain undischarged for a period of thirty
(30) consecutive Days during which execution shall not be effectively stayed.
(j) Reportable Event. If a Reportable Event shall have occurred in
----------------
connection with any Plan maintained by the Borrower or any Related Entity; or
(k) Contest of Loan Documents. If the validity or enforceability of
-------------------------
this Agreement, or any other Loan Document shall be contested by the Borrower or
any Guarantor or any shareholder thereof; or any Person shall deny that such
Person has any or further liability or obligation hereunder or thereunder.
(l) Loss of Muzak Franchises. If any of the Muzak Franchises are
------------------------
terminated or not renewed or extended for any reason.
8. RIGHTS UPON DEFAULT. Upon the occurrence and the continuing of any
-------------------
Event of Default, the Bank shall have and may exercise any or all of the rights
set forth herein, provided, however, the Bank shall be under no duty or
obligation to do so:
(a) Acceleration. To declare the indebtedness evidenced by the Note
------------
and all other Obligations to be forthwith due and payable, whereupon the Note
and all other Obligations shall become forthwith due and payable, both as to
principal and interest, without presentment, demand, protest or any other notice
or grace period of any kind, all of which are hereby expressly waived, anything
contained herein or in the Note or in such other Obligations to the contrary
notwithstanding and, upon such acceleration, the unpaid principal balance and
accrued interest upon the Note shall from and after such date of acceleration
bear interest at the Default Rate; provided, however, that the foregoing shall
in no way abrogate or limit the Bank's right to accelerate and declare the Loan
immediately due and payable upon demand at any time made.
(b) Right of Setoff. To exercise its right of setoff as permitted
---------------
under the Note and/or this Agreement.
(c) Other Rights. To exercise such other rights as may be permitted
------------
under any of the Loan Documents.
(d) Uniform Commercial Code. To exercise from time to time any and
-----------------------
all rights and remedies of a secured creditor under
30
<PAGE>
the UCC as in effect from time to time in the State of Florida and any and all
rights and remedies available to it under any other applicable law.
9. CONDITIONS TO LENDING. The obligations of the Bank to make an Advance
---------------------
hereunder shall be subject to the following:
(a) The execution and delivery of the Loan Documents by the Borrower
and the Guarantors;
(b) The Borrower and each Guarantor being in compliance with the
terms of this Agreement and all other Loan Documents without the occurrence of a
Default or an Event of Default;
(c) The representations and warranties set forth in this Agreement
and the other Loan Documents being true and correct as of the date hereof and
the date of each Advance;
(d) The receipt by the Bank of the Commitment Fee; and
(e) The simultaneous acquisition by the Jacksonville Subsidiary of
the Jacksonville Assets pursuant to and in accordance with the Jacksonville
Contract.
10. MISCELLANEOUS.
-------------
(a) No Waiver, Cumulative Remedies. No failure or delay on the part
------------------------------
of the Bank in exercising any right, power or remedy hereunder, or under the
Note or the other Loan Documents shall operate as a waiver thereof, nor shall
any single or partial exercise of any such right, power or remedy preclude any
other or further exercise thereof or the exercise of any other right, power or
remedy hereunder or thereunder. The remedies herein and therein provided are
cumulative and not exclusive of any remedies provided by law or in equity.
(b) Amendments, Etc. No amendment, modification, termination or
---------------
waiver of any provision of this Agreement, the Note or the other Loan Documents,
nor consent to any departure by the Borrower therefrom, shall in any event be
effective unless the same shall be in writing and signed by the Bank, and then
such waiver or consent shall be effective only in the specific instance and for
the specific purpose for which given.
(c) Addresses for Notices, Etc. All notices, requests, demands and
--------------------------
other communications provided for hereunder shall be in writing (including telex
or telegraphic communications) and shall be deemed to have been duly and
sufficiently given by the next Banking Day in the place to which sent if sent by
telex, telecopy or telegraphic communications, or after three (3) Banking Days
after being mailed (postage prepaid) to the Borrower or the Bank or delivered to
all parties at the address indicated below:
31
<PAGE>
If to the Borrower: Audio Communications Network, Inc.
1000 Legion Place
Suite 1515
Orlando, Florida 32801
Attention: A. J. Schell,
President
If to the Bank: SunTrust Bank, Central Florida, National
Association
200 South Orange Avenue
Orlando, FL 32801
Telecopier No.: (407) 237-6704
Attention: Lee W. Wright,
Vice President
With a Copy to: Charles T. Brumback, Jr., Esq.
Akerman, Senterfitt & Eidson, P.A.
Post Office Box 231
Orlando, Florida 32802-0231
Telecopier No.: (407) 843-6610
or, as to each party, at such other address as shall be designated by such party
in a written notice to the other parties complying as to the delivery with the
terms of this Section.
(d) Applicable Law. This Agreement, and each of the Loan Documents
--------------
and transactions contemplated herein (unless specifically stipulated to the
contrary in such document) shall be governed by and interpreted in accordance
with the laws of the State of Florida.
(e) Survival of Representations and Warranties. All representations,
------------------------------------------
warranties, covenants and agreements contained herein or made in writing by the
Borrower in connection herewith shall survive the execution and delivery of this
Agreement, the Note and the other Loan Documents and be true and correct during
the term of the Loan.
(f) Time of the Essence. Time is of the essence of this Agreement,
-------------------
the Note and the other Loan Documents.
(g) Headings. The headings in this Agreement are in tended to be for
--------
convenience of reference only, and shall not define or limit the scope, extent
or intent or otherwise affect the meaning of any portion hereof.
(h) Severability. In case any one or more of the provisions
------------
contained in this Agreement, the Note or the other Loan Documents shall for any
reason be held to be invalid, illegal or unenforceable in any respect, the same
shall not affect any other provision of this Agreement, the Note or the other
Loan Documents, but this Agreement, the Note and the other Loan Documents shall
be construed as if such invalid or illegal or unenforceable provision had never
been contained therein.
32
<PAGE>
Provided, however, in the event said matter would adversely affect the rights of
the Bank under any or all of the Loan Documents, the same shall be an Event of
Default.
(i) Counterparts. This Agreement may be executed in any number of
------------
counterparts, all of which taken together shall constitute one and the same
instrument and any of the parties hereto may execute this Agreement by signing
any such counterpart.
(j) Conflict. In the event any conflict or inconsistency arises
--------
between the terms of this Agreement and the terms of any other Loan Document,
the terms of this Agreement shall govern in all instances of such conflict or
inconsistency.
(k) Term. The term of this Agreement shall be for such period of
----
time until the Loan and the Note have been repaid in full, and all of the other
Obligations have been paid or performed to the Bank in full.
(l) Expenses. The Borrower agrees, whether or not the transactions
--------
hereby contemplated shall be consummated, to pay, and save the Bank harmless
against liability for the payment of, all out-of-pocket expenses arising in
connection with this transaction, all taxes, together in each case with interest
and penalties, if any, which may be payable in respect of the execution,
delivery and performance of this Agreement or the execution, delivery, and
performance of the Note issued under or pursuant to this Agreement (excepting
only any tax on or measured by net income of the Bank determined substantially
in the same manner, other than the rate of tax, as net income is presently
determined under the Internal Revenue Code of 1986, as amended), the reasonable
legal fees and expenses (whether incurred at trial, in any bankruptcy or
appellate proceeding or otherwise) of counsel to the Bank in connection with
negotiation, preparation and enforcement of this Agreement, the Note or any of
the other Loan Documents.
(m) Successors and Assigns. All covenants and agreements in this
----------------------
Agreement contained by or on behalf of either of the parties hereto shall bind
and inure to the benefit of the respective successors and assigns of the parties
hereto whether so expressed or not, provided, however, this clause shall not by
itself authorize any delegation of duties by the Borrower or any other
assignment which may be prohibited by the terms and conditions of this
Agreement.
(n) No Third Party Beneficiaries. The parties intend that this
----------------------------
Agreement is solely for their benefit and no person not a party hereto shall
have any rights or privileges under this Agreement whatsoever either as the
third party beneficiary or otherwise.
33
<PAGE>
(o) WAIVER OF JURY TRIAL. THE BANK AND THE BORROWER HEREBY
--------------------
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT EITHER MAY HAVE TO A
TRIAL BY JURY IN RESPECT TO ANY LITIGATION BASED ON, ARISING OUT OF, UNDER OR IN
CONJUNCTION WITH THIS AGREEMENT, THE NOTE AND ANY OTHER LOAN DOCUMENT
CONTEMPLATED TO BE EXECUTED IN CONJUNCTION HEREWITH OR THEREWITH, OR ANY COURSE
OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS
OF EITHER PARTY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE BANK MAKING THE
LOAN.
(p) Entire Agreement. Except as otherwise expressly provided, this
----------------
Agreement and the other Loan Documents embody the entire agreement and
understanding between the parties hereto and supersede all prior agreements and
understandings relating to the subject matter hereof.
IN WITNESS WHEREOF, the Borrower and Bank have duly executed this Loan
Agreement as of the day and year first above written.
ATTEST: AUDIO COMMUNICATIONS NETWORK,
INC., F/K/A JOHNSON
ELECTRONICS, INC.
______________________________ By:__________________________
Doris K. Krummenacker, A. J. Schell,
Secretary President
(CORPORATE SEAL)
SUNTRUST BANK, CENTRAL
FLORIDA, NATIONAL ASSOCIATION,
F/K/A SUN BANK, NATIONAL
ASSOCIATION
By:__________________________
Lee W. Wright,
Vice President
34
<PAGE>
JOINDER AND CONSENT OF GUARANTORS
---------------------------------
The undersigned, being the Guarantors of the Loan, hereby join in, consent
to and approve the foregoing Second Amended and Restated Loan Agreement (the
"Loan Agreement"). Without limiting the generality of the foregoing:
1. Each Guarantor hereby acknowledges reading the Loan Agreement and
specifically consents to all references to the Guarantors and all agreements or
representations of each Guarantor set forth therein.
2. The Guarantors acknowledge that they will be receiving adequate
consideration for their guaranty of the Obligations and/or their joinder in the
Loan Agreement because monies provided to the Borrower or retained by the
Borrower pursuant to the Loan Agreement will benefit the Guarantors as
Subsidiaries of the Borrower.
3. The Guarantors hereby agree to be bound by all the terms of the Loan
Agreement applicable to them.
4. The Bank is hereby expressly authorized to rely upon this Joinder and
Consent of Guarantors.
5. Capitalized terms used in this Joinder and Consent of Guarantors and
not otherwise defined shall have the same meanings herein as in the Loan
Agreement.
IN WITNESS WHEREOF, each of the undersigned Guarantors has executed and
delivered this Joinder and Consent of Guarantors as of the date of the Loan
Agreement referenced above.
ATTEST AUDIO COMMUNICATIONS NETWORK, INC.,
F/K/A MUSIC SERVICES, INC., a
Missouri corporation
____________________________ By:________________________________
Doris Krummenacker A. J. Schell, President
Secretary
(CORPORATE SEAL)
35
<PAGE>
ATTEST AUDIO COMMUNICATIONS NETWORK, INC.,
a Maryland corporation
____________________________ By:________________________________
Doris Krummenacker A. J. Schell, President
Secretary
(CORPORATE SEAL)
ATTEST AMERICAN MUSIC NETWORK, INC., a
California corporation
____________________________ By:________________________________
Doris Krummenacker A. J. Schell, President
Secretary
(CORPORATE SEAL)
ATTEST FLORIDA AUDIO ENGINEERING COMPANY,
a Florida corporation
____________________________ By:________________________________
Doris Krummenacker A. J. Schell, President
Secretary
(CORPORATE SEAL)
36
<PAGE>
EXHIBIT A
---------
Places of Business
------------------
<TABLE>
<CAPTION>
========================================================================
ENTITY RELATIONSHIP ADDRESS OWNED/LEASED
========================================================================
<S> <C> <C> <C>
Audio Communications Borrower 1000 Legion Leased
Network, Inc., f/k/a Place, Suite 1515
Johnson Electronics Orlando, FL 32801
- ------------------------------------------------------------------------
Audio Communications Guarantor 1636 Broadway Leased
Network, Inc., f/k/a Kansas City, Mo
Music Services, Inc., 64108
----------------------------------
a Missouri
Corporation 1508 Bower Blvd. Lease
St. Louis, MO
63122
- ------------------------------------------------------------------------
Audio Communications Guarantor 3 Nashua Ct., Leased
Network, Inc., a Suite B
Maryland corporation Baltimore, MD
21221
- ------------------------------------------------------------------------
American Music Guarantor 1031 E. Belmont Leased
Network, Inc., a Ave.
California Fresno, CA 93701
Corporation
- ------------------------------------------------------------------------
Florida Audio Guarantor 3016 Mercury Rd. Leased
Engineering Company, South
a Florida corporation Jacksonville, FL
32207
========================================================================
</TABLE>
37
<PAGE>
VLTNO/1 0400
CLTNM/1 DOMAIN
MTRNM/1 ESTATE PLANNING
CLTNO/1 3582
MTRNO/1 52187
DOC/1 LAST WILL 8 TESTAMENT
DOC/2 DURABLE FAMILY POWER OF ATTORNEY
DOC/3 DECLARATION
DOC/4 NOTE
DOC/5 Living Wills Margaret & Wolfgang 5/3/93
DOC/6 Codials to the Wills of Marnie and Wolfgang Domain
NOTES/1 Inventoried - 29-sep-1994/avt
NOTES/2 Sealed Envelope
ATTNY/1 Brumback, C
$
<PAGE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
SECOND AMENDED AND RESTATED LOAN AGREEMENT
by and between
AUDIO COMMUNICATIONS NETWORK, INC.,
F/K/A JOHNSON ELECTRONICS, INC.
(the "Borrower")
AND
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION,
F/K/A SUN BANK, NATIONAL ASSOCIATION,
(the "Bank")
December 21, 1995
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>
SECOND AMENDED AND RESTATED LOAN AGREEMENT
------------------------------------------
THIS SECOND AMENDED AND RESTATED LOAN AGREEMENT (the "Agreement"), is made
and entered into as of the 21st day of December, 1995, by and between AUDIO
COMMUNICATIONS NETWORK, INC., F/K/A JOHNSON ELECTRONICS, INC., a Florida
corporation, located at 1000 Legion Place, Suite 1515, Orlando, Florida 32801
(hereafter referred to as the "Borrower") and SUNTRUST BANK, CENTRAL FLORIDA,
NATIONAL ASSOCIATION, F/K/A SUN BANK, NATIONAL ASSOCIATION, a national banking
association located at 200 South Orange Avenue, Orlando, Florida 32801
(hereinafter,the "Bank").
W I T N E S S E T H:
- - - - - - - - - -
WHEREAS, the Borrower and the Bank previously entered into that certain
Amended and Restated Loan Agreement dated July 19, 1989, as amended by a First
Amendment dated as of April 30, 1990, a Second Amendment dated as of June 11,
1991, a Third Amendment dated as of June 1, 1992, a Fourth Amendment dated as of
July 1, 1993, a Fifth Amendment dated as of January 22, 1994, a Sixth Amendment
dated as of March 1, 1994 and a Seventh Amendment dated as of June 5, 1995 (as
amended, the "Existing Loan Agreement") pursuant to which the Bank extended a
certain consolidated term loan in the aggregate principal amount of
$5,200,000.00 (the "Loan") for the purpose set forth in the Existing Loan
Agreement; and
WHEREAS, the Borrower has requested the Bank to increase the Loan by
$6,190,000.00 to a maximum aggregate principal amount of $11,000,000.00, to
modify the interest rate applicable to the Loan and to otherwise modify certain
terms of the Existing Loan Agreement and the Bank is unwilling to do so unless
the Borrower executes and delivers this Agreement;
NOW, THEREFORE, for and in consideration of the above premises and the
mutual covenants and agreements contained herein, the Borrower and the Bank,
intending to be legally bound, agree to amend and restate the Existing Loan
Agreement in its entirety as follows:
1. DEFINITIONS. As used herein:
-----------
"Account" shall mean any right of the Borrower, whether or not earned by
-------
performance, to payment for goods or other property (including, without
limitation, the Collateral) sold or leased or for services rendered that is not
evidenced by an Instrument or Chattel Paper, including, without limitation:
(a) all presently owned and hereafter acquired receivables, including
all open accounts, contract rights, notes, drafts, acceptances, rental
receivables, installment payment obligations and other obligations for or rights
to the payment of
<PAGE>
money created by the Borrower, or acquired by Borrower from others;
(b) all cash and non-cash proceeds thereof, and all contracts,
documents, invoices and other instruments evidencing the same; and
(c) all collateral security therefor (including guaranties, mortgages,
or security interests) and all of Borrower's rights and remedies in connection
with the Accounts or in connection with any property sold or leased which is
represented thereby.
"Account Debtor" shall mean any person who is obligated on an Account or
--------------
Chattel Paper.
"Advance" shall mean individually and collectively the proceeds of the
-------
Loan delivered to the Borrower by the Bank pursuant to the terms hereof.
"Affiliate" shall mean any Person directly or indirectly controlling,
---------
controlled by, or under direct or indirect common control with Borrower,
including a Subsidiary. A Person shall be deemed to control a corporation if
such Person possesses, directly or indirectly, the power to direct or cause the
direction of the management and policies of such corporation, whether through
the ownership of voting securities, by contract, or otherwise.
"Agreement" shall mean this Second Amended and Restated Loan Agreement
---------
originally executed by the parties hereto and all permitted supplements,
amendments, modifications and restatements thereof.
"Applicable Margin" shall mean the percentage set forth in the chart in
-----------------
Section 2(c) hereof which shall be added to the Prime Rate in determining the
Interest Rate.
"Assignments" shall mean, collectively, (a) the collateral assignments of
-----------
life insurance satisfactory in form and substance to the Bank pursuant to which
the Borrower shall collaterally assign to the Bank all of its right, title and
interest in and to a "key man" life insurance policy on the life of A. J. Schell
in the minimum amount of $500,000.00 and (b) the Collateral Assignment of
License Agreement executed and deliverd by FAEC in favor of the Bank of even
date herewith.
"Banking Day" shall mean any Day excluding, Saturday, Sunday and any Day
-----------
which is a legal holiday under the laws of the State of Florida or is a Day on
which banking institutions located in such state are authorized by law or other
governmental action to close.
2
<PAGE>
"Capitalized Lease Obligations" shall mean all rental obligations which
-----------------------------
under GAAP are or will be required to be capitalized on the balance sheet of the
Borrower (including, without limitation, all existing rental obligations which
will be required to be so capitalized for calendar or fiscal years beginning
after December 31, 1994), in each case taken at the amount thereof accounted for
as indebtedness (net of interest expense) in accordance with such principles.
"Chattel Paper" shall mean a writing or writings which evidence both a
-------------
monetary obligation and a security interest in or a lease of specific goods.
"Collateral" shall mean the property of the Borrower, the Guarantors or any
----------
other Person which is or will be collateral security for the Obligations,
including at the date hereof all of the following:
(a) all Accounts, Chattel Paper, Documents, Equipment, Instruments,
Inventory, Intangible Assets and the Proceeds thereof, of the Borrower and the
Guarantors, whether now owned or hereafter acquired;
(b) to the extent not described above, all of the right, title and
interest of the Borrower and the Guarantors, whether now owned or hereafter
acquired, in and to the goods or other property represented by or securing the
Accounts, Chattel Paper and Instruments;
(c) all rights of the Borrower and the Guarantors as an unpaid
lienor, including stoppage in transit, replevin and reclamation;
(d) all monies, bank accounts, balances, credits, deposits,
collections, drafts, bills, notes, securities, and other property of every kind
and nature (whether tangible or intangible) now owned or hereafter acquired by
the Borrower and the Guarantors and at any time in the actual or constructive
possession of (or in transit to) the Bank or its correspondents or agents in any
capacity or for any purpose;
(e) all books, records, ledger cards and other property relating to
(a) through (d) above, including computer programs, tapes and related software;
and
(f) all Proceeds and products of (a) through (e) above.
All of the Collateral shall secure all of the Obligations irrespective of which
Obligor has rights in any particular item of Collateral.
3
<PAGE>
"Commitment Fee" shall mean a one-time fee in the amount of $60,000.00
--------------
which shall be paid to the Bank by the Borrower at the closing of the Loan.
"Consent of Lessor" shall mean the consent or waiver of the Lessor to the
-----------------
Security Interest such that the Lessor shall not have any lien or security
interest whatsoever in or to the Collateral superior to the Security Interest of
the Bank, and in form acceptable to the Bank.
"Contribution Agreement" shall mean that certain Contribution Agreement
----------------------
entered into by and between the Borrower, the Guarantors and the Bank dated of
even date herewith, and any and all amendments, supplements, modifications or
restatements thereof.
"Covenant Compliance Certificate" shall mean a certificate, in form and
-------------------------------
content satisfactory to the Bank, which shall (i) set forth the various
financial covenants and ratios which the Borrower is required to comply with
during the term of this Agreement, (ii) contain calculations reflecting whether
or not the Borrower is in compliance with each such financial covenant or ratio
requirement, (iii) contain a statement as to whether or not the Borrower is in
default under this Agreement or any of the other Loan Documents and, if the
Borrower is in default, such statement shall indicate the nature thereof as well
as the steps which Borrower proposes to take in order to cure said default, and
(iv) be certified to be true and correct by an officer of the Borrower
acceptable to the Bank.
"Day" shall mean a calendar day, unless the context indicates otherwise.
---
"Debt Service Coverage Ratio" shall mean, at any date of determination
---------------------------
thereof, an amount equal to the sum of Borrower's (i) Net Income before
extraordinary items, and (ii) depreciation, and (iii) amortization, and (iv)
interest, divided by the sum of principal and interest charges of Borrower and
its Subsidiaries on a consolidated basis.
"Default Rate" shall mean (a) twenty-five percent (25%) per annum or (b)
------------
the highest rate of interest permitted from time to time by applicable law,
whichever is less.
"Document" shall mean any now owned or hereafter acquired bill of lading,
--------
dock warrant, dock receipt, warehouse receipt or order for the delivery of
goods, and also any other document, whether negotiable or non-negotiable, which
in the regular course of business of financing is treated as adequately
evidencing that the person in possession of it is entitled to receive, hold and
dispose of the document and the goods it covers.
"Dollars" shall mean lawful money of the United States of America.
-------
4
<PAGE>
"Due Date" shall mean the date any payment of principal or interest is due
--------
and payable on the Loan or the Note.
"EBITDA" shall mean, for any period, Net Income, increased by the sum of
------
(i) Interest Expense for such period, (ii) Income Tax Expense for such period,
(iii) depreciation for such period and (iv) amortization for such period.
"ERISA" shall mean the Employment Retirement Income Security Act of 1974,
-----
as amended.
"Environmental Laws" shall mean all federal, state, regional, county or
------------------
local laws, statutes, rules, regulations or ordinances concerning public health,
safety or the environment, including but not limited to the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. {9601,
et seq, as amended by the Superfund Amendments and Reauthorization Act of 1986;
- -- ---
the Hazardous Materials Transportation Act, 49 U.S.C. {1801 et seq.; the
-- ----
Resource, Conservation and Recovery Act, 42 U.S.C. {6901 et seq., as amended by
-- ----
the Solid and Hazardous Waste Amendments of 1984; Chapter 403 of Florida
Statutes (the "Florida Air and Water Pollution and Control Act"); Chapter 376 of
Florida Statutes (the "Pollutant Discharge, Prevention and Removal") Sections
501.061 et seq. of Florida Statutes (the "Florida Hazardous Substances Law");
-- ----
any similar law or laws now or hereafter in effect within the state or states in
which the Project is situated; and any other presently-existing or hereafter-
adopted federal, state or local laws or regulations regulating or in any way
pertaining to Hazardous Substances.
"Equipment" shall mean all now existing and hereafter acquired goods (other
---------
than Inventory) used or bought for use primarily in the Debtor's business,
wherever located, including, but not limited to, machinery, furniture,
furnishings, textures, dies, parts (including spare parts and repair parts) and
tools, together with all fittings, accessories, accessions, additions,
modifications, improvements, equipment and special tools now or hereafter
affixed to any or any part of the foregoing or used in connection with any part
of the foregoing and all replacements of any part thereof and all products and
Proceeds of any of the foregoing.
"Event of Default" shall mean an event of default specified in Section 7 of
----------------
this Agreement.
"Existing Loan Agreement" shall mean that certain Amended and Restated Loan
-----------------------
Agreement by and between the Borrower and the Bank dated July 19, 1989, as
amended by amendments dated as of April 30, 1990, as of June 11, 1991, as of
June 1, 1992, as of July 1, 1993, as of January 22, 1994, as of March 1, 1994
and as of June 5, 1995.
5
<PAGE>
"Existing Loan Documents" shall mean the Existing Loan Agreement and all
-----------------------
the other documents referred to therein as "Loan Documents" and all other
documents, agreements, certificates, schedules, notes, statements and opinions,
however described, referenced therein or executed or delivered pursuant thereto
or in connection with or arising therewith.
"Financing Statements" shall mean the financing statements permitted under
--------------------
the Uniform Commercial Code or any other state law for the purpose of perfecting
or continuing the Security Interest.
"Funded Debt" or "Funded Liabilities" shall mean interest bearing debt
-----------------------------------
including, without limitation and duplication:
(a) any liability or obligation which under GAAP is required to be shown on
the balance sheet as a liability,
(b) indebtedness which is secured by any security interest on property
owned by the Borrower whether or not the indebtedness secured thereby shall have
been assumed by the Borrower, and
(d) obligations under any contract providing for the making of loans,
advances, or capital contributions to any Person in order to enable such Person
primarily to maintain working capital, net worth, or any other balance sheet
condition or to pay debts, dividends, or expenses,
all as determined in accordance with GAAP; provided, however, that any such
-----------------
obligation shall be treated as Funded Debt, regardless of its term, if such
obligation is renewable pursuant to the terms thereof or arises under a
revolving credit or similar agreement effective for more than one year after the
date of creation of such obligation, or may be payable out of the proceeds of a
similar obligation pursuant to the terms of such obligation or of any such
agreement.
"Funded Debt to EBITDA Ratio" shall mean the ratio of the Borrower's Funded
---------------------------
Debt to its EBITDA.
"GAAP" shall mean Generally Accepted Accounting Principles consistently
----
applied to the particular item.
"Guarantor" or "Guarantors" shall mean, individually or collectively, as
--------- ----------
the context may require, Audio Communications Network, Inc., a Maryland
corporation, Audio Communications Network, Inc., f/k/a Music Services, Inc., a
Missouri corporation, American Music Network, Inc., a California corporation,
FAEC.
"Guaranty" shall mean that certain Subsidiary Guaranty Agreement of even
--------
date herewith executed by each of the Guarantors in favor of the Bank,
absolutely and unconditionally
6
<PAGE>
guaranteeing the Obligations, in form acceptable to the Bank, and all
supplements, amendments, modifications, restatements and reaffirmations thereof.
"Hazardous Substances" shall mean any hazardous or toxic materials,
--------------------
pollutants, contaminants, constituents or wastes and any other chemical,
material or substance, the generating, handling, storage, release,
transportation, or disposal of which is or becomes prohibited, limited or
regulated by any federal, state, county, regional or local authority or which,
even if not so regulated, is or becomes known to pose a hazard to the health and
safety of the occupants of the Places of Business including, without limitation,
(i) asbestos, (ii) petroleum and petroleum by-products, (iii) urea formaldehyde
foam insulation, (iv) polychlorinated biphenyls, (v) all substances now or
hereafter designated as "hazardous substances," "hazardous materials," "toxic
substances," or "hazardous wastes" pursuant to the Comprehensive Environmental
Response, Compensation and Liability Act of 1980, 42 U.S.C. {9601, et seq., as
-- ----
amended by the Superfund Amendments and Reauthorization Act of 1986, the
Hazardous Materials Transportation Act, 49 U.S.C. {1801 et seq., or the
Resource, Conservation and Recovery Act, 42 U.S.C. {6901 et seq., as amended by
-- ---
the Solid and Hazardous Waste Amendments of 1984; (vi) all substances now or
hereafter designated as "hazardous wastes" or as "hazardous substances" in
Chapter 403 of Florida Statutes (the "Florida Air and Water Pollution and
Control Act") or in {501.061 et seq. of Florida Statutes (the "Florida Hazardous
-- ---
Substances Law"); (vii) all substances now or hereafter designated as
"pollutants" in Chapter 376 of Florida Statutes ("Pollutant Discharge,
Prevention and Removal"); or (viii) all substances now or hereafter designated
as "hazardous substances," "hazardous materials" or "toxic substances" under any
other federal, state or local laws or in any regulations adopted and
publications promulgated pursuant to said laws.
"Income Tax Expense" shall mean, for any period, the aggregate of (i) all
------------------
taxes based upon or measured by the Borrower's income and (ii) franchise taxes
payable by the Borrower, determined in accordance with GAAP.
"Initial Advance" shall mean the delivery of a portion of the proceeds of
---------------
the Loan pursuant to the terms hereof to pay the amount necessary in order to
cover all costs and expenses incident to the closing of the transactions
contemplated hereby, including, without limitation, the attorneys' fees and
costs of the Bank's legal counsel.
"Interest Payment Date" shall mean the first Day of each month, commencing
---------------------
February 1, 1996.
"Interest Expense" shall mean, for any period, the interest expenses of the
----------------
Borrower, including the interest equivalent under Capitalized Lease Obligations
and Funded Liabilities, determined in accordance with GAAP.
7
<PAGE>
"Interest Rate" shall mean the interest rate to be borne by the Note from
-------------
time, except when the Default Rate is in effect, which shall be a floating rate
equal to the Prime Rate plus, initially one and one-half percent and,
thereafter, the Applicable Margin, based upon the Borrower's Funded Debt to
EBITDA Ratio, as set forth in Section 2(c) hereof.
"Intangible Assets" shall mean any personal property (including things in
-----------------
action) other than goods, Accounts, Chattel Paper, Documents, Instruments and
money and including, but not limited to all of the Debtor's now owned or
hereafter acquired (i) deferred assets, other than prepaid insurance and prepaid
taxes, (ii) goodwill, manufacturing and processing rights, patents, licenses,
franchises (including the Muzak Franchises), subscriber rights, permits,
copyrights, trademarks, trade names, trade secrets, customer lists, tax refund
claims, incentive payments, insurance proceeds, experimental expenses and other
similar assets which would be classified as "intangible assets" under GAAP,
(iii) treasury stock and any write-up of the value of any assets after the date
hereof unless in accordance with GAAP, and (iv) all Proceeds of any and all of
the foregoing.
"Inventory" shall mean all of the Debtor's now owned and hereafter acquired
---------
(a) goods, merchandise or personal property, wherever located, held by the
Debtor for sale or lease or to be furnished under contracts of service, (b) raw
materials, (c) work in process, (d) materials used or consumed in the Debtor's
business, (e) materials or supplies used or usable in manufacturing or
processing, (f) packaging and shipping materials, (g) inventory covered by a
warehouse receipt, bill of lading or other negotiable or non-negotiable Document
and (h) returned or repossessed merchandise.
"IRS Code" shall mean the Internal Revenue Code of 1986, as amended.
--------
"Lessor" shall mean a Person who leases real property to the Borrower for
------
use as a Place of Business.
"Lien" shall mean any mortgage, pledge, security interest, encumbrance,
----
lien or charge of any kind (including any agreement to give any of the
foregoing, any conditional sales or other title retention agreements, or any
lease in the nature thereof, and the filing of or agreement to give any
financing statement under the Uniform Commercial Code of any jurisdiction).
"Loan" shall mean the term loan in the aggregate principal amount of
----
$11,000,000.00 extended to the Borrower by the Bank pursuant to the terms
hereof.
"Loan Documents" shall mean this Agreement, the Note, the Guaranty, the
--------------
Contribution Agreement, the Security Documents, the Negative Pledge, the
Existing Loan Documents and all other documents, agreements, certificates,
schedules, notes, statements
8
<PAGE>
and opinions, however described, referenced herein or executed or delivered
pursuant hereto or in connection with or arising with the Loan or any security
therefor or the transactions contemplated by this Agreement.
"Margin Securities" shall mean any "margin securities" within the meaning
-----------------
of Regulation G of the Board of Governors of the Federal Reserve System (12 CFR
Part 207).
"Maturity Date" shall mean the earlier of (i) the occurrence of an Event of
-------------
Default, (ii) January 2, 2001 or (iii) such later date as the Bank may, in its
absolute discretion, agree to in writing, whichever first occurs.
"Monthly Billings" shall mean the aggregate amount of recurring monthly
----------------
billings to customers of the Muzak franchises owned and operated by the Borrower
and all of its Subsidiaries and located in St. Louis, Missouri, Kansas City,
Missouri, Baltimore, Maryland, Fresno, California and Jacksonville, Florida.
"Muzak Franchises" shall mean any and all franchise or licensing agreements
----------------
between the Borrower and any Guarantor and any Muzak entity pursuant to which
the Borrower or any Guarantor is now or may subsequently be authorized to supply
Muzak services and products to its customers, and any and all amendments,
modifications, supplements or replacements thereof.
"Negative Pledge" shall mean the Agreement Not to Sell or Encumber Stock
---------------
executed by the Borrower in favor of the Bank of even date herewith, and any and
all amendments, modifications, supplements or replacements thereof.
"Net Income" shall mean, for any period the aggregate of the net income of
----------
the Borrower determined in accordance with GAAP.
"Note" shall mean the promissory note or notes executed by the Borrower in
----
favor of the Bank evidencing the Loan, in form acceptable to the Bank and any
and all allonges thereto, and any and all amendments, extensions, renewals or
replacements thereof.
"Obligations" shall mean, with respect to the Borrower, individually and
-----------
collectively, the payment and performance duties, obligations and liabilities of
the Borrower to the Bank, evidenced by the Note, together with all accrued but
unpaid interest thereon, and all other payment and performance duties,
obligations and liabilities of the Borrower to the Bank, however and whenever
incurred, acquired or evidenced, whether primary or secondary, direct or
indirect, absolute or contingent, sole or joint and several, or due or to become
due, including, without limitation, all such duties, obligations and liabilities
of the Borrower to the Bank, under and pursuant to this Agreement, the Note and
all renewals, modifications or extensions of any thereof.
9
<PAGE>
"Pension Benefit Plan" shall mean any "employee pension benefit plan" (as
--------------------
defined in Section 3(2) of ERISA) maintained for employees of the Borrower.
"Person" shall mean any individual, joint venturer, partnership, firm,
------
corporation, trust, unincorporated organization or other organization or entity,
or a governmental body or any department or agency thereof, and shall include
both the singular and the plural.
"Places of Business" shall mean any location in which the Borrower or any
------------------
of its Subsidiaries undertakes its business, all as set forth in Exhibit A
attached hereto.
"Plan" shall mean an employee benefit plan or plans and any trust created
----
thereunder which has been established or maintained or hereafter is established
or maintained for employees of the Borrower or any Affiliate, provided such plan
is covered by Title I or IV of ERISA.
"Prime Rate" shall mean the interest rate announced by SunTrust Banks of
----------
Florida, Inc. from time to time, as the prime rate (which interest rate is only
a bench mark, is purely discretionary and is not necessarily the best or lowest
interest rate charged borrowing customers of SunTrust Banks of Florida, Inc.),
with such change in the Prime Rate to be effective at 12:01 a.m. on the day any
such change in the Prime Rate is announced by SunTrust Banks of Florida, Inc.
"Principal Place of Business" shall mean the principal place of business
---------------------------
and the headquarters of the Borrower at which all of its records are kept,
currently at the address set forth in the preamble to this Agreement.
"Proceeds" shall mean whatever is received upon the sale, exchange,
--------
collection or other disposition of the Collateral.
"Prohibited Transaction" shall have the meaning assigned to that term in
----------------------
Title IV of ERISA.
"Related Entity" shall mean any entity if, with respect to the Borrower,
--------------
any of the entity's employees fall within any of the following categories: (a)
employees of a controlled group of corporations as defined in Section 414(b) of
the Code; (b) employees of partnerships, proprietorships or other entities that
are under common control as defined in Section 414(c) of the Code; (c) employees
of affiliated service groups as defined in Section 414(m) of the Code; or (d)
employees of entities that are deemed affiliated with or related to the Borrower
in accordance with Sections 414(n) or (o) of the Code.
"Reportable Event" shall have the meaning assigned to that term in Title IV
----------------
of ERISA.
10
<PAGE>
"Security Agreements" shall mean the security agreements of the Borrower
-------------------
and the Guarantors granting a Security Interest to the Bank in the Collateral,
in form acceptable to the Bank, and all supplements, amendments, modifications
and restatements thereof.
"Security Documents" shall mean the Security Agreements, the Financing
------------------
Statements, the Assignments and all other documents, agreements, assignments,
filings, financing statements, certificates of title, notices, returns and other
security instruments and records, however described or denominated, now or
hereafter created or existing, pledging or evidencing any pledge of any property
or assets, however described, to secure any or all of the Obligations.
"Security Interest" shall mean the first priority security interest in the
-----------------
Collateral granted by the Borrower and the Guarantors to the Bank under the
Security Agreements.
"Subsidiary" shall mean any corporation fifty percent (50%) or more of the
----------
voting stock of which is owned, directly or indirectly, by the Borrower, and
shall include subsidiaries of a subsidiary.
"Tangible Assets" shall mean all assets of the Borrower, all as determined
---------------
in accordance with GAAP, but excluding Intangible Assets.
"UCC" shall mean the Florida Uniform Commercial Code, as amended.
---
2. LOAN.
----
(a) Balance of The Consolidated Loan. Pursuant to the Existing Loan
--------------------------------
Agreement, the Bank has extended to the Borrower the Consolidated Loan in the
principal amount of $5,200,000.00, which has an unpaid principal balance on the
date hereof in the amount of $4,810,000.00.
(b) The Loan. Upon the execution hereof and of the Note and the other Loan
--------
Documents and the compliance by the Borrower with all conditions precedent, the
Bank agrees to lend to the Borrower the entire proceeds of the Loan on the terms
and conditions set forth herein. The Loan shall be evidenced by the Note, and
shall be payable as provided in paragraph (g) of this Section 2.
(c) Interest on the Note. The Loan shall bear interest on the unpaid
--------------------
principal amount thereof from the date made through maturity (whether by
acceleration or otherwise) at a floating rate equal to the Prime Rate plus one
and one-half percent (1.50%), and shall be payable as set forth in paragraph (g)
of this Section 2. If appropriate, the Interest Rate on the Loan shall be
adjusted quarterly and shall fluctuate based upon
11
<PAGE>
the Borrower's Funded Debt to EBITDA Ratio ("FD/EBITDA"), as determined by the
Bank, and shall be a fluctuating rate equal to the Prime Rate ("P") plus the
Applicable Margin, as follows:
FD/EBITDA INTEREST RATE
- --------- -------------
greater than or equal to 3.75:1 + less than or equal to 4.0:1 P + 2.00%
greater than or equal to 3.5:1 + less than 3.75:1 P + 1.75%
greater than or equal to 3.0:1 + less than 3.5:1 P + 1.50%
greater than or equal to 2.0:1 + less than 3.0:1 P + 1.25%
less than 2.0:1 + P + 1.00%
Any increase or decrease in the Interest Rate which is occasioned by a change in
the FD/EBITDA shall be effective as of the first Day of the month following the
receipt by the Bank of the Borrower's quarterly financial statements reflecting
such change, and shall be calculated by the Bank based upon such quarterly
financial statements. During the first year after the closing, the Borrower's
FD/EBITDA shall be calculated by annualizing the Borrower's EBITDA as reflected
on the Borrower's financial statements and dividing the result into the
Borrower's Funded Debt as at the end of the applicable calendar quarter. After
the first year, the Borrower's FD/EBITDA shall be calculated by the Bank on a
rolling four quarter basis, based on the Borrower's most recent quarterly
financial statements and its financial statements for the preceding three
quarters.
From and after the Due Date, interest shall accrue on the unpaid principal
balance of the Loan and on all accrued but unpaid interest thereon, or on such
defaulted payment, from the Due Date at the Default Rate. Such interest shall
continue to accrue until the date of payment in full of all principal and
accrued but unpaid interest on such defaulted payment, if applicable.
(d) Calculation of Interest. Any interest due on the Loan or any other
-----------------------
Obligations shall be calculated on the basis of a year containing 360 days. The
interest due on any date for payment of interest hereunder shall be that
interest to the extent accrued as of midnight on the last Day immediately prior
to that Interest Payment Date. Notwithstanding anything herein or in any Loan
Documents to the contrary, the sum of all interest and all other amounts deemed
interest under Florida or other applicable law which may be collected by the
Bank hereunder shall not exceed the maximum lawful interest rate permitted by
such law from time to time. The Bank and the Borrower intend and agree that
under no circumstance shall the Borrower be required to pay interest on the Loan
or on any other Obligations at a rate in excess of the maximum interest rate
permitted by applicable law from time to time, and in the event any such
interest is received or charged by the Bank in excess of that rate, the Borrower
shall be entitled to an immediate refund of any such excess interest by a credit
to and payment toward the unpaid balance of the Loan (such credit to be
considered to have been made at the time of the payment of the excess interest)
with any excess interest not so credited to be immediately paid to the Borrower
by the Bank.
12
<PAGE>
(e) Method of Prepayment. The Borrower may at any time prepay all or any
--------------------
part of the principal balance of the Loan outstanding; provided, however, that
each partial prepayment shall be applied to the reduction of the Loan in the
manner as determined by the Bank, in its sole and absolute discretion, and,
further provided, that on the date of the partial prepayment, there shall exist
no Event of Default. Each prepayment other than full payment shall be made
prior to 2:00 P.M. Orlando, Florida time, on the date of the prepayment, and
shall be made on a Banking Day in lawful money of the United States of America
and in immediately available funds.
(f) Place of Payment. All payments by the Borrower under the Loan
----------------
Documents shall be made to the Bank at its office located at 200 South Orange
Avenue, Orlando, Florida 32801 in lawful money of the United States of America
and in immediately available funds.
(g) Payments on the Note. Principal and interest of the Note shall be
--------------------
payable as follows:
(i) Interest. Accrued interest at the Interest Rate shall be due and
--------
payable monthly, on the Interest Payment Date, upon any prepayment (of the Loan
to the extent accrued on the amount being prepaid) and at maturity.
(ii) Principal. Principal shall be due and payable monthly, together with
---------
accrued interest, in 60 consecutive monthly installments, commencing on February
1, 1996, as follows: (1) twelve principal payments of $92,000.00 for the first
through the twelfth payments, (2) then twelve (12) principal payments of
$102,750.00 for the thirteenth through the twenty-fourth payments, (3) then
twelve (12) principal payments of $114,500.00 for the twenty-fifth through the
thirty-sixth payments, (4) then twelve (12) principal payments of $128,000.00
for the thirty-seventh through the forty-eighth payments, (5) then eleven (11)
principal payments of $142,000.00 for the forty-ninth through the fifty-ninth
payments, and (6) the entire remaining unpaid principal balance, together with
all accrued but unpaid interest shall be due and payable in full on the Maturity
Date.
(h) Application of Payments. All payments (other than prepayments as set
-----------------------
forth in paragraph 2(e)) made on the Note shall be applied first to interest
accrued to the date of payment and next to the unpaid principal balance
provided, however, in the event an Event of Default occurs and is continuing,
payments shall be applied first to any costs or expenses, including reasonable
attorneys' fees, that the Bank may incur in exercising its rights under the Loan
Documents, as the Bank may determine.
(i) Set-off. The Borrower hereby grants to the Bank a lien on, and a
-------
security interest in, the deposit balances, accounts, items, certificates of
deposit and monies of the
13
<PAGE>
Borrower in the possession of or on deposit with the Bank or any of its
affiliates to secure and as collateral for the payment and performance of the
Obligations. Upon Default, the Bank may at any time and from time to time,
without demand or notice, appropriate and set-off against and apply the same to
the Obligations when and as due and payable.
3. REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants that:
------------------------------
(a) Organization, Corporate Powers, Etc. The Borrower (i) is duly
-----------------------------------
organized, validly existing and in good standing under the laws of the state of
its organization, (ii) has all requisite power and authority to own its
respective properties and assets and to carry on its respective business as now
conducted and proposed to be conducted, (iii) is duly qualified to do business
and is in good standing in every jurisdiction in which the character of its
properties or assets owned or the nature of its activities conducted makes such
qualification necessary including the State of Florida, and (iv) has the power
and authority to execute and deliver, and to perform its obligations under this
Agreement, the Note and the other Loan Documents.
(b) Authorization of Loans, Etc. The execution, delivery and performance
---------------------------
of the Loan Documents by the Borrower (a) have been duly authorized by all
requisite action and (b) will not (i) violate (A) any provision of law, any
governmental rule or regulation, any order of any court or other agency of
government or the Articles of Incorporation and Bylaws of the Borrower or (B)
any provision of any indenture, agreement or other instrument to which the
Borrower is a party or by which the Borrower or any of its properties or assets
are bound, (ii) be in conflict with, result in a breach of or constitute (with
due notice or lapse of time or both) a default under any such indenture,
agreement or other instrument, or (iii) result in the creation or imposition of
any lien, charge or encumbrance of any nature whatsoever upon any of the
properties or assets of the Borrower other than as permitted by the terms
hereof.
(c) Conflicting Agreements and Other Matters. The Borrower is not a party
----------------------------------------
to any contract or agreement or subject to any charter or other corporate
restriction which materially and adversely affects its business, property or
assets, or financial condition or which restricts or otherwise limits the
incurring of the debt to be evidenced by the Note. Neither the execution nor
delivery of this Agreement, the Note or the other Loan Documents, nor
fulfillment of nor compliance with the terms and provisions hereof or the other
Loan Documents will conflict with, or result in a breach of the terms,
conditions or provisions of, or constitute a default under, or result in any
violation of, or result in the creation of any Lien upon any of the properties
or assets of the Borrower pursuant to the Borrower's governing documents, any
award of any arbitrator or
14
<PAGE>
any agreement (including any agreement with stockholders), instrument, order,
judgment, decree, statute, law, rule or regulation to which the Borrower is
subject.
(d) Financial Statements. The Borrower has furnished, or caused to be
--------------------
furnished, the Bank with its financial statements for its fiscal year ended on
December 31, 1994 and interim statements for the 10 month period ending October
31, 1995. Such financial statements (including any related schedules and/or
notes) are true and correct in all material respects (subject, as to interim
statements, to changes resulting from audits and year-end adjustments) and have
been prepared in accordance with GAAP and show all liabilities, direct and
contingent, of the Borrower required to be shown in accordance with such
principles. The financial statements fairly present the condition of the
Borrower as at the dates thereof and fairly present the results of the
operations of the Borrower for the periods indicated. There has been no
material adverse change in the business, condition or operations (financial or
otherwise) of the Borrower taken as a whole since the latest date of such
financial statements.
(e) Changes in Financial Conditions; Adverse Developments. From the date of
-----------------------------------------------------
the annual financial statements referenced in subparagraph 3(d) hereof, to the
date of this Agreement, there has been, and to the date of the Initial Advance
there will be, no change in the properties, assets, liabilities, financial
condition, business, operations, affairs or prospects of the Borrower from that
set forth or reflected in the fiscal year-end balance sheet referred to in
subparagraph 3(d) hereof, other than changes in the ordinary course of business,
including acquisitions, none of which have been, either in any case or in the
aggregate, materially adverse.
(f) Tax Returns and Payments. All federal, state and local tax returns and
------------------------
reports of the Borrower required to be filed have been filed, and all taxes,
assessments, fees and other governmental charges upon the Borrower, or upon any
of its properties, assets, incomes or franchises, which are due and payable in
accordance with such returns and reports, have been paid, other than those
presently (a) payable without penalty or interest, or (b) contested in good
faith and by appropriate and lawful proceedings prosecuted diligently. The
aggregate amount of the taxes, assessments, charges and levies so contested is
not material to the condition (financial or otherwise) and operations of the
Borrower. The charges, accruals, and reserves on the books of the Borrower in
respect of federal, state and local taxes for all fiscal periods to date are
adequate and the Borrower knows of no other liabilities with regard to unpaid
assessments for additional federal, state or local taxes for any such fiscal
period or of any basis therefor. The Borrower has and will establish all
reserves which it reasonably believes to be necessary and make all payments
required of them to be set aside or made in regard to all F.I.C.A., withholding,
sales or excise, and all other similar federal, state and local taxes.
15
<PAGE>
(g) Agreements.
----------
(i) The Borrower is not a party to any agreement, indenture, lease or
instrument or subject to any charter or other corporate restriction or any
judgment, order, writ, injunction, decree, rule or regulation materially and
adversely affecting its business, properties, assets, operations or condition
(financial or otherwise). There are no material unrealized losses with respect
to any such agreement, indenture, lease or instrument.
(ii) The Borrower is not in default in the performance, observance or
fulfillment of any of the obligations, covenants or conditions contained in any
agreement or instrument to which it is a party which would have a material
impact on its financial condition or ability to perform its obligations
hereunder.
(h) Title to Properties and Assets, Liens, Etc. The Borrower has good and
------------------------------------------
marketable title to its real properties other than properties which it leases
and good title to all of its other properties and assets, including the
properties and assets reflected in the financial statements hereinabove
described (other than properties and assets disposed of in the ordinary course
of business). The Borrower enjoys peaceful and undisturbed possession in all
material respects of all leases as to which the Borrower is a lessee necessary
in any material respect for the operation of its properties and assets, none of
which contains any unusual or burdensome provisions which might materially
affect or impair the operation of such properties and assets, and all such
leases are valid and subsisting and in full force and effect.
(i) Securities Acts. Neither the Borrower nor any agent acting on its
---------------
behalf has, directly or indirectly, taken or will take any action which would
subject the issuance of the Note to the provisions of Section 5 of the
Securities Act of 1933, as amended, or to the provisions of any securities or
Blue Sky law of any applicable jurisdiction.
(j) Regulation G, etc.. Neither the Borrower nor any agent acting on its
------------------
behalf has taken or will take any action which might cause this Agreement or the
Note to violate Regulation G, T or X or any other regulation of the Board of
Governors of the Federal Reserve System or to violate the Securities Exchange
Act of 1934, in each case as in effect now or as the same may hereafter be in
effect.
(k) Litigation, Etc. There are no actions, proceedings or investigations,
---------------
however described or denominated, pending or, to the knowledge of the Borrower,
threatened, against the Borrower, or affecting the Borrower (or any basis
therefor known to the Borrower) which, either in any case or in the aggregate,
might result in any material adverse change in the financial condition,
business, prospects, affairs or operations
16
<PAGE>
of the Borrower or in any of its properties or assets, or in any material
impairment of the right or ability of the Borrower to carry on its operations as
now conducted or proposed to be conducted, or in any material liability on the
part of the Borrower, or which questions the validity of this Agreement, the
Note, or any of the other Loan Documents or of any action taken or to be taken
in connection with the transactions contemplated hereby or thereby.
(l) Regulation U. The Borrower is not engaged principally in, and does not
------------
have as one of its important activities, the business of extending credit for
the purpose of purchasing or carrying any Margin Securities. No part of the
proceeds of the Loan hereunder will be used to carry on any margin security
transactions within the meaning of said Regulation.
(m) ERISA. No Reportable Event (whether or not waived) has occurred or is
-----
continuing with respect to any Pension Benefit Plan. No Prohibited Transaction
has occurred with respect to any Employee Plan maintained for employees of the
Borrower and covered by Part 4 of Subtitle B of Title I of ERISA. No material
employee benefit plan established or maintained by the Borrower or any Affiliate
of the Borrower or any Related Party (including any multiemployer plan to which
the Borrower or any Affiliate of the Borrower contributes) which is subject to
Part 3 of Subtitle B of Title I of ERISA had a material accumulated funding
deficiency (as such term is defined in Section 302 of ERISA) as of the last day
of the most recent fiscal year of such plan ended prior to the date hereof, or
would have had an accumulated funding deficiency (as so defined) on such day if
such year were the first year of such plan to which Part 3 of Subtitle B of
Title I of ERISA applied, and no material liability to the Pension Benefit
Guaranty Corporation, has been, or is expected by the Borrower or any Affiliate
of the Borrower to be, incurred with respect to any such plan by the Borrower or
any Affiliate of the Borrower.
The Borrower is not required to contribute to or is contributing to a
"Multiemployer Pension Plan" (as such term is defined in the Multiemployer
Pension Plan Amendments Act of 1980). The Borrower has no "withdrawal
liability" (as also defined in such Act) to any multiemployer pension plan.
(n) Governmental Consent. Neither the nature of the Borrower nor of its
--------------------
business or properties nor any relationship between the Borrower and any other
Person, nor any circumstance in connection with the Loan or the issuance and
delivery of the Note is such as to require any consent, approval or other action
by or any notice to or filing with any court or administrative or governmental
body (other than routine filings after the date of any closing with the
Securities and Exchange Commission and/or State Blue Sky authorities) in
connection with the execution and delivery of this Agreement, the Loan or the
issuance and delivery
17
<PAGE>
of the Note or fulfillment of or compliance with the terms and provisions hereof
or of the Note.
(o) Holding Company Status. The Borrower is not a holding company, or a
----------------------
subsidiary or affiliate of a holding company, or a public utility, within the
meaning of the Public Utility Holding Company Act of 1935, as amended, or a
public utility within the meaning of the Federal Power Act, as amended.
(p) Investment Company Status. The Borrower is not an "investment company"
-------------------------
or a company "controlled" by an "investment company" within the meaning of the
Investment Company Act of 1940, as amended, or an "investment adviser" within
the meaning of the Investment Advisers Act of 1940, as amended.
(q) Consents and Approvals. No authorization, license, consent, approval,
----------------------
or undertaking is required under any applicable law in connection with the
execution, delivery and performance by the Borrower of this Agreement, the Note
or any of the other Loan Documents.
(r) Patents, Trademarks, Franchises, etc. The Borrower owns or has the
------------------------------------
right to use all of the patents, trademarks, service marks, trade names,
copyrights, franchises (including the Muzak Franchises) and licenses, and all
rights with respect thereto, necessary for the conduct of its business as now
conducted or proposed to be conducted without any known conflict with the rights
of others, and, in each case, subject to no mortgage, pledge, lien, lease,
encumbrance, charge, security interest, title retention agreement or option.
Each such asset or agreement is in full force and effect, and the holder thereof
has fulfilled and performed all of its obligations with respect thereto. No
event has occurred or exists which permits, or after notice or lapse of time or
both would permit, revocation or termination, or which materially adversely
affects or in the future may (so far as the Borrower now foresees) materially
adversely affect, the rights of such holder thereof with respect thereto. No
other license or franchise is known by the Borrower to be necessary to the
operations of the business of the Borrower as now conducted or proposed to be
conducted.
(s) Environmental Matters. To the best of Borrower's knowledge, the
---------------------
Borrower is in compliance with all provisions of the Environmental Laws, and
with any rules, regulations and administrative orders of any governmental
agency, and with any judgments, decrees or orders of any court of competent
jurisdiction with respect thereto.
(i) The Borrower has not received any notice of violation, warning notice,
assessment, notice of (primary or secondary) liability or notice of financial
responsibility, or notice of any action, claim or proceeding to determine such
liability or responsibility, or the amount thereof, or to impose civil
penalties with respect to a site listed on any federal or
18
<PAGE>
state listing of sites containing or believed to contain Hazardous Substances,
nor has Borrower received a notification that any Hazardous Substances that it
has disposed of have been found in any site at which any governmental agency is
conducting an investigation or other proceeding under any Environmental Law.
(ii) No part of the property used by the Borrower in its business or any
building, structure or facility located thereon or improvement thereto contains
or contained asbestos or polychlorinated biphenyls; have or have had asbestos-
containing materials or electrical transformers, fluorescent light fixtures,
ballast or other equipment containing PCBs installed thereon or therein; is or
has been used for the handling, processing, storage or disposal of Hazardous
Substances; or contain or contained above-ground or underground storage tanks or
other storage facilities for Hazardous Substances.
(iii) Borrower agrees to indemnify, save harmless and defend the Bank, its
officers, directors, shareholders and employees, and its successors and assigns,
from and against any and all liabilities, claims, penalties, forfeitures, suits,
and the costs and expenses incident thereto (including costs of defense,
settlement and reasonable attorneys' fees), which the Bank, its officers,
directors, shareholders and employees, and its successors and assigns, may
hereafter incur, become responsible for or pay out as a result of a violation by
Borrower of the Environmental Laws or the incorrectness of any representation or
warranty contained in this subparagraph.
(t) Subsidiaries. As of the date of this Agreement the only Subsidiaries
------------
of the Borrower are the Guarantors. All representations and warranties set
forth in this Agreement shall apply not only to the Borrower but also to each
Subsidiary of the Borrower.
(u) Security Interest. The Security Interest is a first priority security
-----------------
interest and there will be no other security interests or other encumbrances
upon the Collateral during the term of the Loan.
(v) Places of Business. The Places of Business set forth in Exhibit A
------------------
attached hereto are the only Places of Business of the Borrower and its
Subsidiaries as of the date of this Agreement.
(w) Outstanding Debt. On the date of this Agreement, the Borrower has no
----------------
outstanding Funded Liabilities except as reflected in the financial statements
furnished to the Bank pursuant hereto. There exists no default and, after
giving effect to the transactions contemplated in this Agreement, there will
exist no default under the provisions of any instrument evidencing such
Liabilities or of any agreement relating thereto.
19
<PAGE>
4. AFFIRMATIVE COVENANTS. Borrower, and, where applicable, each Guarantor
---------------------
covenants, for so long as any of the principal amount or interest on the Note is
outstanding and unpaid or any duty or obligation of the Borrower hereunder or
under any of the other Obligations remains unpaid or unperformed, as follows:
(a) Maintenance of Corporate Existence; Compliance with Laws. The Borrower
--------------------------------------------------------
and each Guarantor shall at all times preserve and maintain in full force and
effect its corporate existence, powers, rights, licenses, permits and franchises
in the jurisdiction of its formation; continue to conduct and operate its
business substantially as conducted and operated during its present and
preceding fiscal year; operate in substantial compliance with all applicable
laws, statutes, regulations, certificates of authority and orders in respect of
the conduct of its business; and qualify and remain qualified to do business in
each jurisdiction in which such qualification is necessary or appropriate in
view of its business and operations.
(b) Inspection. The Borrower and each Guarantor will permit the Bank to
----------
visit and inspect any of its properties and Places of Business, including its
books and records (and to make extracts therefrom to the extent reasonably
related to credit-worthiness), and to discuss its affairs, finances and accounts
with its officers all at such reasonable times and as often as may be reasonably
requested.
(c) Accounting; Financial Statements; Etc. The Borrower will deliver or
-------------------------------------
cause to be delivered to the Bank, copies of each of the following:
(i) as soon as practicable and in any event within fifteen (15) Days after
the end of each month, internally generated financial statements of the Borrower
and each Guarantor for the period from the beginning of the current fiscal year
to the end of such month, in reasonable detail and certified by an authorized
financial officer of the Borrower; and
(ii) as soon as practicable and in any event within ninety (90) Days after
the end of each fiscal year of the Borrower and each Guarantor, an audited
consolidated and consolidating income statement, profit and loss statement,
reconciliation of surplus statement, cash flow statement and source and
application of funds statement of the Borrower for such year, and an audited
consolidated and consolidating balance sheet of the Borrower as at the end of
such year, setting forth in each case in comparative form corresponding
consolidated figures from the preceding annual audit, all in form and scope
acceptable to the Bank and certified to the Borrower by independent certified
public accountants acceptable to the Bank whose certificate shall be in scope
and substance satisfactory to the Bank; and
20
<PAGE>
(iii) as soon as practicable and in any event within thirty (30) Days
after the end of each quarter of each fiscal year of the Borrower, a Covenant
Compliance Certificate; and
(iv) promptly upon transmission thereof, copies of all such financial
statements, proxy statements, notices, and reports as it shall send to all
stockholders and of all registration statements (without exhibits) and all
reports (including, without limitation, each Form 10-Q and Form 10-K) which it
is or may be required to file with the Securities and Exchange Commission or any
governmental body or agency succeeding to the functions of such Commission; and
(v) promptly upon receipt thereof, a copy of each other report submitted
to the Borrower or any Guarantor by independent accountants in connection with
any annual, interim or special audit made by them of the books of the Borrower
or any Guarantor; and
(vi) With reasonable promptness, such other data and information as from
time to time may be requested by the Bank.
(d) Financial Condition. The Borrower and each Guarantor shall maintain a
-------------------
financial condition acceptable to the Bank.
(e) Notice of Event of Default. The Borrower and each Guarantor shall
--------------------------
immediately notify the Bank in writing upon the happening, occurrence or
existence of any Event of Default and shall provide the Bank with such written
notice, a detailed statement by a responsible officer of the Borrower or such
Guarantor of all relevant facts and the action being taken or proposed to be
taken by the Borrower or such Guarantor with respect thereto.
(f) Maintenance of Properties. The Borrower and each Guarantor shall
-------------------------
maintain or cause to be maintained in good repair, working order and condition
all properties used in Borrower's business including, but not limited to, any
real property and all improvements located thereon, and from time to time will
make or cause to be made all appropriate repairs, renewals, improvements and
replacements thereof so that the businesses carried on in connection therewith
may be properly conducted at all times. Neither the Borrower nor any Guarantor
will do or permit any act or thing which might materially impair the value or
commit or permit any material waste of its properties or any part thereof, or
permit any unlawful occupation, business or trade to be conducted on or from any
of its properties. To the extent the Borrower and any Guarantor leases any of
its Places of Business, it shall maintain and keep current at all times all
leases for said places of business.
21
<PAGE>
(g) Notice of Suit, Proceedings, Adverse Change. The Borrower and each
-------------------------------------------
Guarantor shall promptly give the Bank notice in writing (a) of all threatened
or actual actions or suits (at law or in equity) and of all threatened or actual
investigations or proceedings by or before any court, arbitrator or any
governmental department, commission, board, bureau, agency or other
instrumentality, state, federal or foreign, affecting the Borrower or the rights
of other properties of the Borrower or such Guarantor, (i) which involves
potential liability of the Borrower or such Guarantor in an amount in excess of
$10,000.00 in any individual case or $10,000.00 in the aggregate for all such
cases, or (ii) which the Board of Directors of the Borrower or such Guarantor
has reason to believe in good faith is likely to materially and adversely affect
the financial condition of the Borrower or to impair the right or ability of the
Borrower or such Guarantor to carry on its business as now conducted or to pay
the Obligations or perform its duties under the Loan Documents; (b) of any
material adverse change in the condition (financial or otherwise) of the
Borrower or such Guarantor; and (c) of any siege or levy of any material part of
the properties of the Borrower or such Guarantor under any process or by a
receiver.
(h) Insurance. The Borrower and each Guarantor shall timely procure and
---------
maintain and comply with such insurance and policies of insurance (including
without limitation public liability, property damage and casualty business
interruption) as may be required by law and such other insurance to such extent
and against such hazards and liabilities, as is customarily maintained by
companies similarly situated, and to furnish to the Bank upon its request
evidence of said insurance. In any event, the Borrower and each Guarantor shall
at all times maintain at least the policies of insurance and the levels of
insurance coverage as are requested from time to time by the Bank. The Bank
shall be listed as "loss payee" on all such policies of insurance and
certificates evidencing compliance with this subparagraph shall be delivered to
the Bank prior to the Initial Advance Date and from time to time thereafter upon
the Bank's request.
(i) Debts and Taxes and Liabilities. The Borrower and each Guarantor shall
-------------------------------
pay and discharge (i) all of its indebtedness and obligations in accordance with
their terms and before they shall become in default, (ii) all taxes, assessments
and governmental charges or levies imposed upon it or upon Borrower's income and
profits, or against its properties, prior to the date on which penalties attach
thereto, and (iii) all lawful claims which, if unpaid, might become a lien or
charge upon any of its properties; provided, however, that it shall not be
required to pay any such indebtedness, obligation, tax, assessment, charge, levy
or claim which is being contested in good faith by appropriate and lawful
proceedings diligently pursued and for which adequate reserves (with respect to
any material claims) have been set aside on its books. The Borrower
22
<PAGE>
and each Guarantor shall also set aside and/or pay as and when due all monies
required to be set aside and/or paid by any federal, state or local statute or
agency in regard to F.I.C.A., withholding, sales or excise or other similar
taxes.
(j) Notification of Change of Name or Business Location. The Borrower and
---------------------------------------------------
each Guarantor shall notify the Bank of each change in its name and of each
change in the location of the Principal Place of Business and the office where
the records of the Borrower are kept or of any other Place of Business, and in
such case, shall execute such documents as the Bank may reasonably request to
reflect such change in name or change in location, as the case may be; provided,
however, the Principal Place of Business of the Borrower and the office where
the records of the Borrower are kept may not be moved from the address of the
Borrower set forth above, without prior written notice to the Bank. The Bank
acknowledges that it is aware of the anticipated change in the name of the
Borrower's Subsidiary Florida Audio Engineering Company to Florida Sound
Engineering Company and the Bank hereby consents to such change.
(k) Notice of Adoption of Plan. As soon as possible and in any event
--------------------------
within thirty (30) days after the Borrower or any Related Entity adopts a new
Plan, the Borrower or such Related Entity shall notify the Bank of the adoption
of the new Plan. Adoption of a new Plan shall include the adoption of the new
Plan by the Borrower or such Related Entity as well as inclusion of employees of
the Borrower or such Related Entity under the Plan of another corporation.
(l) Notice of Plan Events, Termination and Litigation. As soon as possible
-------------------------------------------------
and in any event within thirty (30) days after the Borrower or any Related
Entity knows or has reason to know that any Reportable Event or a Prohibited
Transaction with respect to any Plan has occurred or that the Pension Benefit
Guaranty Corporation or the Borrower or any Related Entity has instituted or
will institute proceedings under ERISA to terminate a Plan, or a partial
termination of a Plan has or is alleged to have occurred, or more than twenty
percent (20%) of the total number of employees who are participants in a Plan
will sever, or have severed, their employment due to a decision to cease
operations at a facility or facilities or to reduce the work force, or any
litigation regarding a Plan or naming the trustee of a Plan or the Borrower or
any Related Entity with respect to a Plan is threatened or instituted, or the
purchase, acceptance, holding or sale of customer notes by a Plan fails to
comply with Prohibited Transactions Exemption 85-68 published on April 3, 1985,
the Borrower will provide to the Bank copies of the written statement of the
chief financial officer of the Borrower setting forth details of such Reportable
Event, Prohibited Transaction, termination proceeding, partial termination or
litigation and the action being or proposed to be taken with respect thereto,
together with copies of the notice of such Reportable Event or any other
notices, applications or forms submitted to the Pension
23
<PAGE>
Benefit Guaranty Corporation, Internal Revenue Service or the United States
Department of Labor, and copies of any notices or correspondence received from
the Pension Benefit Guaranty Corporation, Internal Revenue Service or the United
States Department of Labor, and copies of any pleadings, notices or other
documents relating to such litigation.
(m) Plan Annual Reports. Promptly after the filing thereof with the
-------------------
Internal Revenue Service or the Pension Benefit Guaranty Corporation, the
Borrower and each Guarantor will provide to the Bank copies of each annual
report and annual premium filing form which is filed with respect to each Plan
for each plan year, including (i) a statement of assets and liabilities of such
Plan as of the end of such plan year and statements of changes in fund balance
and in financial position, or a statement of changes in net assets available for
plan benefits, for such plan year, certified by the trustee of the Plan or the
independent certified public accountants for such and (ii) if required by law or
applicable regulations, an actuarial statement of such Plan applicable to such
plan year, certified by the actuary for the Plan.
(n) Environmental Compliance. At all times during the term of this
------------------------
Agreement, the Borrower and each Guarantor shall comply with all Environmental
Laws, and during the entire such period, the representations made in paragraph
3(q) shall remain true.
(o) Banking Relationship. The Borrower shall at all times during the term
--------------------
of this Agreement maintain its primary depository relationship at the Bank, and
such relationship shall be maintained in a manner acceptable to the Bank.
(p) Financial Covenants. At all times during the term of this Agreement,
-------------------
the Borrower shall comply with the following affirmative financial covenants:
(i) Debt Service Coverage Ratio. The Borrower's Debt Service Coverage
---------------------------
Ratio shall equal or exceed 1.2:1.0 at all times, tested quarterly on a
trailing four (4) quarter basis.
(ii) Monthly Billings. Commencing as of the date hereof, and as of
----------------
the last Day of each calendar month thereafter during the term of this
Agreement, consolidated Monthly Billings shall equal or exceed $535,000.00.
Within thirty (30) Days of the end of each calendar month, the Borrower
shall deliver to the Bank a certificate, in form acceptable to the Bank,
which sets forth the amount of the Monthly Billings for the immediately
preceding month.
24
<PAGE>
(iii) Funded Debt to EBITDA Ratio. The Borrower's Funded Debt to
---------------------------
EBITDA Ratio shall be equal to or less than 4.0:1.0.
(q) Subsidiaries. The Borrower shall give the Bank prompt written
------------
notice of the organization of a Subsidiary, as well as such other information in
respect thereof as the Bank may reasonably request.
(r) Further Assurances; Additional Collateral Documents. The Borrower
---------------------------------------------------
and each Guarantor will, at its expense, execute, acknowledge and deliver and
cause to be executed, acknowledged and delivered, to the Bank all such
instruments, including, without limitation, financing statements, security
agreements, assumptions and continuation statements, deliver to the Bank all
such legal opinions, and take all such other action as the Bank may from time to
time request for the purpose of further assuring to the Bank the security for
the Obligations provided for, or intended to be provided for, in this Agreement
and the other Loan Documents and to confirm the Obligations. Further, to the
extent the Borrower or any Guarantor acquires from time to time any additional
property within the definition of the term Collateral, the Borrower or such
Guarantor shall immediately execute and deliver to the Bank such documents as
are necessary to grant the Bank a valid and first priority lien or security
interest in such property.
(s) Waiver of Landlord's Lien. In the event that any of the
-------------------------
Collateral is at any time located on any leased premise, the Borrower or
Guarantor will furnish to the Bank a Consent of Lessor.
(t) Life Insurance. At all times during the term of this Agreement,
--------------
the Borrower shall keep and maintain a "key man" life insurance policy on the
life of A. J. Schell in the amount of at least $500,000.00. Said policy shall
be assigned to the Bank as collateral security for the Loan, and the Borrower
shall execute the Assignments or any other appropriate documentation to evidence
such assignment. The policy shall be issued by an insurer bearing a rating of
B+ or better by A. M. Best & Co. Borrower shall provide proof of payment of the
annual premiums to the Bank during the term of the Loan. Borrower shall provide
proof of payment of the annual premiums to the Bank during the term of this
Agreement.
(u) Contracts, Leases and Franchises. The Borrower and each Guarantor
--------------------------------
shall provide copies of each of its now existing or hereafter entered into
contracts, leases and franchises (including the Muzak Franchises) and any and
all amendments, modifications, supplements or replacements thereto, and shall
assign and grant and security interest in each of them to the Bank, as
collateral security for the Loan, and, in connection therewith, shall execute
and deliver to the Bank such documents or agreements as may be required by the
Bank to
25
<PAGE>
evidence and/or perfect such assignment and security interest. To the extent
that any written consent or acknowledgment shall be required for such assignment
from any lessor or franchisor, Borrower or such Guarantor shall obtain same, in
form acceptable to the Bank in its absolute discretion.
(v) Stamp, Excise and Intangible Taxes. If any stamp, excise or non-
----------------------------------
recurring intangible tax shall become applicable with respect to this Agreement,
the Bank or any other Loan Document, the Borrower shall promptly pay such tax in
full (including interest and penalties, if any) and shall hold the Bank harmless
with respect thereto.
(w) Subordination of Affiliate Loans, Etc. All loans or fees owed to
-------------------------------------
Affiliates of the Borrower shall, at all times, be subordinate to the Loan and
the Borrower shall cause its Affiliates from time to time, to execute and
deliver to the Issuer and the Bank subordination agreements in form and content
satisfactory to the Bank; provided, however, so long as no Default exists or has
occurred, the Borrower may pay current scheduled payments on such loans or fees,
but may not prepay such loans or fees.
5. NEGATIVE COVENANTS. So long as any Obligation to the Bank is
------------------
outstanding or unperformed, the Borrower and the Guarantors will not without the
prior written consent of the Bank, which consent shall not be unreasonably
withheld:
(a) Sale of Collateral; Liens on Collateral. Sell, assign or discount
---------------------------------------
any of the Collateral with or without recourse, except for the collection or
disposition of Accounts or the sale of Inventory in the ordinary course of
business; or borrow from anyone on security of, or pledge or grant any security
interest in the Collateral or any other assets of Borrower or such Guarantor to
anyone, or create, incur or permit any lien or encumbrance to attach to any of
the foregoing, or any levy to be made thereon, or any financing statement to be
on file with respect thereto, provided, however, nothing herein shall prohibit
(i) liens for taxes not yet due or which are being actively contested in good
faith by appropriate proceedings; and (ii) other liens incidental to the conduct
of Borrower's or such Guarantor's business or the ownership of its property and
assets which are not incurred in connection with the borrowing of money or the
obtaining of advances or credit, and which do not in the aggregate materially
detract from the value of its property or assets or materially impair the use
thereof in the operation of its business.
(b) Additional Indebtedness. Incur further indebtedness, including,
-----------------------
without limitation, Capitalized Lease Obligations, in excess of $250,000.00 in
the aggregate in any fiscal year.
26
<PAGE>
(c) Other Agreements. Enter into any arrangements, contractual or
----------------
otherwise, which would materially and adversely affect its duties or the rights
of the Bank under the Loan Documents or which is inconsistent with or limits or
abrogates the Loan Documents.
(d) Sale of Assets. Sell, lease, assign, transfer or otherwise
--------------
dispose of any part of its assets or properties, tangible or intangible, to any
Person except the sale of Inventory in the ordinary course of business and the
replacement of its Equipment due to repair or obsolescence.
(e) Merger, Consolidation, Dissolution, Etc. Consolidate with or
---------------------------------------
merge into any other Person, or permit another Person to merge into it, or
dissolve or take or omit to take any action which would result in its
dissolution, or acquire all or substantially all the properties or assets of any
other Person, or enter into any arrangement, directly or indirectly, with any
Person whereby it shall sell or transfer any property, real or personal, whether
now owned or hereafter acquired, and thereafter rent or lease such property or
other property which it intends to use for substantially the same purpose or
purposes as the property being sold or transferred.
(f) Loans, Advances, Investments, and Contingent Liabilities. Make or
--------------------------------------------------------
permit to remain outstanding any loan, or advance to, or guarantee, or endorse
or otherwise be or become contingently liable, directly or indirectly, in
connection with any obligation or the stock or dividends of, or own, purchase or
acquire any stock, obligations or securities of, or any other interest in, or
make any capital contribution to any other Person.
(g) Plan Liabilities. Neither the Borrower nor any Related Entity
----------------
will permit the aggregate present value of accrued benefits of any Plan,
computed in accordance with actuarial principles and assumptions applied on a
uniform and consistent basis by an enrolled actuary of recognized standing
acceptable to the Bank, to exceed the aggregate value of assets of the Plans,
computed on a fair market value basis, or permit the aggregate present value of
vested benefits of the Plans, computed in accordance with actuarial principles
and assumptions applied on a uniform and consistent basis by an enrolled actuary
of recognized standing acceptable to the Bank, to exceed the aggregate value of
assets of the Plans, computed on a fair market value basis.
(h) Capital Expenditures. On a consolidated basis, make capital
--------------------
expenditures for fixed assets in excess of $500,000.00 in the aggregate in any
fiscal year.
(i) Dividends. Pay any dividends to its shareholders on any class of
---------
its stock.
27
<PAGE>
(j) Fiscal Year. The Borrower will not change its fiscal year from a
-----------
year ending December 31.
(k) Changes in Business. Engage in any business other than the
-------------------
business presently conducted by it on the date of this Agreement and business of
substantially the same type or reasonably related thereto.
(l) Change of Name or Business Location. Except as permitted in this
-----------------------------------
Agreement, change its name or the location of any of its offices where records
regarding the Collateral are kept.
6. CONSENT TO PURCHASE OF JACKSONVILLE ASSETS AND CHANGE OF NAME OF
----------------------------------------------------------------
JACKSONVILLE SUBSIDIARY. The Borrower recently entered into an Agreement of
- -----------------------
Sale (the "Jacksonville Contract") with Florida Sound Engineering Company, a
Florida corporation, for the purpose of acquiring all of the assets of such
corporation (the "Jacksonville Assets"). In connection with such purchase, the
Borrower recently formed a Subsidiary known as Florida Audio Engineering Company
(the "Jacksonville Subsidiary") for the purpose of acquiring title to the
Jacksonville Assets. The Jacksonville Contract will be assigned to the
Jacksonville Subsidiary, which will complete the purchase of the Jacksonville
Assets. Immediately upon the conclusion of such purchase, the Jacksonville
Subsidiary will change its name to Florida Sound Engineering Company and will
thereafter operate under such name. The Bank hereby consents to the purchase of
the Jacksonville Assets and the change of the name of the Jacksonville
Subsidiary in connection with such purchase. The Borrower agrees to provide
evidence of such name change to the Bank as soon as it is available.
7. EVENTS OF DEFAULT. The following each and all are Events of Default
-----------------
hereunder:
(a) Monetary Default. If the Borrower shall default in any payment of
----------------
the principal of or interest on the Loan when and as the same shall become due
and payable, whether on demand, at maturity, by acceleration or otherwise; or
(b) Non-Monetary Default. If the Borrower or any Guarantor shall
--------------------
default in the performance of or compliance with any term or covenant contained
in this Agreement or one or more of the other Loan Documents other than a term
or covenant a default in the performance of which or non-compliance with which
is elsewhere specifically dealt with under this Section 7; or
(c) Third Party Default. If the Borrower or any Guarantor shall be
-------------------
declared in default by a third party in the performance of any agreement with
any Person other than the Bank with respect to any material indebtedness of the
Borrower or such Guarantor if the effect of such default is to accelerate the
maturity of such indebtedness or at maturity (giving effect to
28
<PAGE>
any applicable grace periods) such indebtedness shall not be paid as and when
due and payable unless such default is being contested in good faith by the
Borrower or such Guarantor; or
(d) False Representation. If any representation or warranty made in
--------------------
writing by or on behalf of the Borrower or any Guarantor herein or in any other
Loan Document shall prove to have been false or incorrect in any material
respect on the date as of which made or reaffirmed; or
(e) Bankruptcy or Insolvency. If the Borrower or any Guarantor shall
------------------------
admit in writing its/his/her inability, or be generally unable, to pay
its/his/her debts as they become due or shall make an assignment for the benefit
of creditors, file a petition in bankruptcy, petition or apply to any tribunal
for the appointment of a custodian, receiver or trustee for the Borrower or a
substantial part of its/his/her assets, or shall commence any proceeding under
any bankruptcy, reorganization, arrangement, readjustment of debt, dissolution
or liquidation law or statute of any jurisdiction, whether now or hereafter in
effect, or if there shall have been filed any such petition or application, or
any such proceeding shall have been commenced against the Borrower or any
Guarantor, in which an order for relief is entered or which remains undismissed
for a period of ninety (90) days or more, or the Borrower or any Guarantor by
any act or omission shall indicate its/his/her consent to, approval of or
acquiescence in any such petition, application, or proceeding or order for
relief or the appointment of a custodian, receiver or any trustee for the
Borrower or any Guarantor or any substantial part of any of its/his/her
properties, or shall suffer any such custodianship, receivership or trusteeship
to continue undischarged for a period of ninety (90) Days or more; or
(f) Dissolution. If any order, judgment, or decree is entered in any
-----------
proceedings against the Borrower or any Guarantor decreeing the dissolution of
the Borrower and such order, judgment, or decree remains unstayed and in effect
for more than ninety (90) Days; or
(g) Default by Guarantor. If any Guarantor fails to meet or comply
--------------------
with any term or condition of his/her Guaranty or seeks to cancel his/her
Guaranty for any reason whatsoever or defaults in the payment or performance of
any obligations or indebtedness of such Guarantor to the Bank; or
(h) Fraudulent Conveyance. If the Borrower of any Guarantor shall
---------------------
have concealed, removed, or permitted to be concealed or removed, any part of
its properties, with intent to hinder, delay or defraud its creditors or any of
them, or made or suffered a transfer of any of its properties which may be
fraudulent under any bankruptcy, fraudulent conveyance or similar law, or shall
have made any transfer of its properties to or for the benefit of a creditor at
a time when other creditors similarly situated have not been paid, or shall have
suffered or
29
<PAGE>
permitted, while insolvent, any creditor to obtain a lien upon any of its
properties through legal proceedings or distraint which is not vacated within
thirty (30) Days from the date thereof; or
(i) Final Judgment. If a final judgment for the payment of money in
--------------
excess of an aggregate of $25,000.00 shall be rendered against the Borrower or
any Guarantor, and the same shall remain undischarged for a period of thirty
(30) consecutive Days during which execution shall not be effectively stayed.
(j) Reportable Event. If a Reportable Event shall have occurred in
----------------
connection with any Plan maintained by the Borrower or any Related Entity; or
(k) Contest of Loan Documents. If the validity or enforceability of
-------------------------
this Agreement, or any other Loan Document shall be contested by the Borrower or
any Guarantor or any shareholder thereof; or any Person shall deny that such
Person has any or further liability or obligation hereunder or thereunder.
(l) Loss of Muzak Franchises. If any of the Muzak Franchises are
------------------------
terminated or not renewed or extended for any reason.
8. RIGHTS UPON DEFAULT. Upon the occurrence and the continuing of any
-------------------
Event of Default, the Bank shall have and may exercise any or all of the rights
set forth herein, provided, however, the Bank shall be under no duty or
obligation to do so:
(a) Acceleration. To declare the indebtedness evidenced by the Note
------------
and all other Obligations to be forthwith due and payable, whereupon the Note
and all other Obligations shall become forthwith due and payable, both as to
principal and interest, without presentment, demand, protest or any other notice
or grace period of any kind, all of which are hereby expressly waived, anything
contained herein or in the Note or in such other Obligations to the contrary
notwithstanding and, upon such acceleration, the unpaid principal balance and
accrued interest upon the Note shall from and after such date of acceleration
bear interest at the Default Rate; provided, however, that the foregoing shall
in no way abrogate or limit the Bank's right to accelerate and declare the Loan
immediately due and payable upon demand at any time made.
(b) Right of Setoff. To exercise its right of setoff as permitted
---------------
under the Note and/or this Agreement.
(c) Other Rights. To exercise such other rights as may be permitted
------------
under any of the Loan Documents.
(d) Uniform Commercial Code. To exercise from time to time any and
-----------------------
all rights and remedies of a secured creditor under
30
<PAGE>
the UCC as in effect from time to time in the State of Florida and any and all
rights and remedies available to it under any other applicable law.
9. CONDITIONS TO LENDING. The obligations of the Bank to make an Advance
---------------------
hereunder shall be subject to the following:
(a) The execution and delivery of the Loan Documents by the Borrower
and the Guarantors;
(b) The Borrower and each Guarantor being in compliance with the terms
of this Agreement and all other Loan Documents without the occurrence of a
Default or an Event of Default;
(c) The representations and warranties set forth in this Agreement and
the other Loan Documents being true and correct as of the date hereof and the
date of each Advance;
(d) The receipt by the Bank of the Commitment Fee; and
(e) The simultaneous acquisition by the Jacksonville Subsidiary of the
Jacksonville Assets pursuant to and in accordance with the Jacksonville
Contract.
10. MISCELLANEOUS.
-------------
(a) No Waiver, Cumulative Remedies. No failure or delay on the part
------------------------------
of the Bank in exercising any right, power or remedy hereunder, or under the
Note or the other Loan Documents shall operate as a waiver thereof, nor shall
any single or partial exercise of any such right, power or remedy preclude any
other or further exercise thereof or the exercise of any other right, power or
remedy hereunder or thereunder. The remedies herein and therein provided are
cumulative and not exclusive of any remedies provided by law or in equity.
(b) Amendments, Etc. No amendment, modification, termination or
---------------
waiver of any provision of this Agreement, the Note or the other Loan Documents,
nor consent to any departure by the Borrower therefrom, shall in any event be
effective unless the same shall be in writing and signed by the Bank, and then
such waiver or consent shall be effective only in the specific instance and for
the specific purpose for which given.
(c) Addresses for Notices, Etc. All notices, requests, demands and
--------------------------
other communications provided for hereunder shall be in writing (including telex
or telegraphic communications) and shall be deemed to have been duly and
sufficiently given by the next Banking Day in the place to which sent if sent by
telex, telecopy or telegraphic communications, or after three (3) Banking Days
after being mailed (postage prepaid) to the Borrower or the Bank or delivered to
all parties at the address indicated below:
31
<PAGE>
If to the Borrower: Audio Communications Network, Inc.
1000 Legion Place
Suite 1515
Orlando, Florida 32801
Attention: A. J. Schell,
President
If to the Bank: SunTrust Bank, Central Florida, National
Association
200 South Orange Avenue
Orlando, FL 32801
Telecopier No.: (407) 237-6704
Attention: Lee W. Wright,
Vice President
With a Copy to: Charles T. Brumback, Jr., Esq.
Akerman, Senterfitt & Eidson, P.A.
Post Office Box 231
Orlando, Florida 32802-0231
Telecopier No.: (407) 843-6610
or, as to each party, at such other address as shall be designated by such party
in a written notice to the other parties complying as to the delivery with the
terms of this Section.
(d) Applicable Law. This Agreement, and each of the Loan Documents
--------------
and transactions contemplated herein (unless specifically stipulated to the
contrary in such document) shall be governed by and interpreted in accordance
with the laws of the State of Florida.
(e) Survival of Representations and Warranties. All representations,
------------------------------------------
warranties, covenants and agreements contained herein or made in writing by the
Borrower in connection herewith shall survive the execution and delivery of this
Agreement, the Note and the other Loan Documents and be true and correct during
the term of the Loan.
(f) Time of the Essence. Time is of the essence of this Agreement,
-------------------
the Note and the other Loan Documents.
(g) Headings. The headings in this Agreement are in tended to be for
--------
convenience of reference only, and shall not define or limit the scope, extent
or intent or otherwise affect the meaning of any portion hereof.
(h) Severability. In case any one or more of the provisions contained
------------
in this Agreement, the Note or the other Loan Documents shall for any reason be
held to be invalid, illegal or unenforceable in any respect, the same shall not
affect any other provision of this Agreement, the Note or the other Loan
Documents, but this Agreement, the Note and the other Loan Documents shall be
construed as if such invalid or illegal or unenforceable provision had never
been contained therein.
32
<PAGE>
Provided, however, in the event said matter would adversely affect the rights of
the Bank under any or all of the Loan Documents, the same shall be an Event of
Default.
(i) Counterparts. This Agreement may be executed in any number of
------------
counterparts, all of which taken together shall constitute one and the same
instrument and any of the parties hereto may execute this Agreement by signing
any such counterpart.
(j) Conflict. In the event any conflict or inconsistency arises
--------
between the terms of this Agreement and the terms of any other Loan Document,
the terms of this Agreement shall govern in all instances of such conflict or
inconsistency.
(k) Term. The term of this Agreement shall be for such period of time
----
until the Loan and the Note have been repaid in full, and all of the other
Obligations have been paid or performed to the Bank in full.
(l) Expenses. The Borrower agrees, whether or not the transactions
--------
hereby contemplated shall be consummated, to pay, and save the Bank harmless
against liability for the payment of, all out-of-pocket expenses arising in
connection with this transaction, all taxes, together in each case with interest
and penalties, if any, which may be payable in respect of the execution,
delivery and performance of this Agreement or the execution, delivery, and
performance of the Note issued under or pursuant to this Agreement (excepting
only any tax on or measured by net income of the Bank determined substantially
in the same manner, other than the rate of tax, as net income is presently
determined under the Internal Revenue Code of 1986, as amended), the reasonable
legal fees and expenses (whether incurred at trial, in any bankruptcy or
appellate proceeding or otherwise) of counsel to the Bank in connection with
negotiation, preparation and enforcement of this Agreement, the Note or any of
the other Loan Documents.
(m) Successors and Assigns. All covenants and agreements in this
----------------------
Agreement contained by or on behalf of either of the parties hereto shall bind
and inure to the benefit of the respective successors and assigns of the parties
hereto whether so expressed or not, provided, however, this clause shall not by
itself authorize any delegation of duties by the Borrower or any other
assignment which may be prohibited by the terms and conditions of this
Agreement.
(n) No Third Party Beneficiaries. The parties intend that this
----------------------------
Agreement is solely for their benefit and no person not a party hereto shall
have any rights or privileges under this Agreement whatsoever either as the
third party beneficiary or otherwise.
33
<PAGE>
(o) WAIVER OF JURY TRIAL. THE BANK AND THE BORROWER HEREBY KNOWINGLY,
--------------------
VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT EITHER MAY HAVE TO A TRIAL BY JURY
IN RESPECT TO ANY LITIGATION BASED ON, ARISING OUT OF, UNDER OR IN CONJUNCTION
WITH THIS AGREEMENT, THE NOTE AND ANY OTHER LOAN DOCUMENT CONTEMPLATED TO BE
EXECUTED IN CONJUNCTION HEREWITH OR THEREWITH, OR ANY COURSE OF CONDUCT, COURSE
OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF EITHER PARTY.
THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE BANK MAKING THE LOAN.
(p) Entire Agreement. Except as otherwise expressly provided, this
----------------
Agreement and the other Loan Documents embody the entire agreement and
understanding between the parties hereto and supersede all prior agreements and
understandings relating to the subject matter hereof.
IN WITNESS WHEREOF, the Borrower and Bank have duly executed this Loan
Agreement as of the day and year first above written.
ATTEST: AUDIO COMMUNICATIONS NETWORK, INC., F/K/A
JOHNSON ELECTRONICS, INC.
[SIGNATURE ILLEGIBLE] /s/ A. J. Schell
- ----------------------------- By:------------------------------------
Doris K. Krummenacker, A. J. Schell,
Secretary President
(CORPORATE SEAL)
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL
ASSOCIATION, F/K/A SUN BANK, NATIONAL
ASSOCIATION
/s/ Lee W. Wright
By:------------------------------------
Lee W. Wright,
Vice President
34
<PAGE>
JOINDER AND CONSENT OF GUARANTORS
---------------------------------
The undersigned, being the Guarantors of the Loan, hereby join in, consent
to and approve the foregoing Second Amended and Restated Loan Agreement (the
"Loan Agreement"). Without limiting the generality of the foregoing:
1. Each Guarantor hereby acknowledges reading the Loan Agreement and
specifically consents to all references to the Guarantors and all agreements or
representations of each Guarantor set forth therein.
2. The Guarantors acknowledge that they will be receiving adequate
consideration for their guaranty of the Obligations and/or their joinder in the
Loan Agreement because monies provided to the Borrower or retained by the
Borrower pursuant to the Loan Agreement will benefit the Guarantors as
Subsidiaries of the Borrower.
3. The Guarantors hereby agree to be bound by all the terms of the Loan
Agreement applicable to them.
4. The Bank is hereby expressly authorized to rely upon this Joinder and
Consent of Guarantors.
5. Capitalized terms used in this Joinder and Consent of Guarantors and
not otherwise defined shall have the same meanings herein as in the Loan
Agreement.
IN WITNESS WHEREOF, each of the undersigned Guarantors has executed and
delivered this Joinder and Consent of Guarantors as of the date of the Loan
Agreement referenced above.
ATTEST AUDIO COMMUNICATIONS NETWORK, INC.,
F/K/A MUSIC SERVICES, INC., a Missouri corporation
[SIGNATURE ILLEGIBLE] /s/ A. J. Schell
- ---------------------------- By:------------------------------------
Doris Krummenacker A. J. Schell, President
Secretary
(CORPORATE SEAL)
35
<PAGE>
ATTEST AUDIO COMMUNICATIONS NETWORK, INC.,
a Maryland corporation
[SIGNATURE ILLEGIBLE] /s/ A. J. Schell
- ---------------------------- By:--------------------------------
Doris Krummenacker A. J. Schell, President
Secretary
(CORPORATE SEAL)
ATTEST AMERICAN MUSIC NETWORK, INC., a
California corporation
[SIGNATURE ILLEGIBLE] /s/ A. J. Schell
- ---------------------------- By:--------------------------------
Doris Krummenacker A. J. Schell, President
Secretary
(CORPORATE SEAL)
ATTEST FLORIDA AUDIO ENGINEERING COMPANY,
a Florida corporation
[SIGNATURE ILLEGIBLE] /s/ A. J. Schell
- ---------------------------- By:--------------------------------
Doris Krummenacker A. J. Schell, President
Secretary
(CORPORATE SEAL)
36
<PAGE>
EXHIBIT A
---------
Places of Business
------------------
<TABLE>
<CAPTION>
ENTITY RELATIONSHIP ADDRESS OWNED/LEASED
========================================================================
<S> <C> <C> <C>
Audio Communications Borrower 1000 Legion Leased
Network, Inc., f/k/a Place, Suite 1515
Johnson Electronics Orlando, FL 32801
- ------------------------------------------------------------------------
Audio Communications Guarantor 1636 Broadway Leased
Network, Inc., f/k/a Kansas City, Mo
Music Services, Inc., 64108
a Missouri --------------------------------
Corporation
1508 Bower Blvd. Lease
St. Louis, MO
63122
- ------------------------------------------------------------------------
Audio Communications Guarantor 3 Nashua Ct., Leased
Network, Inc., a Suite B
Maryland corporation Baltimore, MD
21221
- ------------------------------------------------------------------------
American Music Guarantor 1031 E. Belmont Leased
Network, Inc., a Ave.
California Fresno, CA 93701
Corporation
- ------------------------------------------------------------------------
Florida Audio Guarantor 3016 Mercury Rd. Leased
Engineering Company, South
a Florida corporation Jacksonville, FL
32207
========================================================================
</TABLE>
37
<PAGE>
[SunTrust Logo Appears Here] [See attached ADDENDUM Renewal
for Legend.] Promissory Note
$ 4,810,000.00 December 14 1995
The undersigned (whether one or more hereinafter called "Maker"), jointly
and severally, promise(s) to pay to the order of SunTrust Bank, Central
Florida, National Association (herein called "Bank") at its offices located at
200 S. Orange Ave., Orlando, Florida, Four Million Eight Hundred Ten Thousand&
No/100 Dollars ($4,810,000.00), together with interest from the date hereof at
the rate hereinafter provided, and applicable fees in the following manner.
Repayment Schedule:
[_] Single Payment Principal Due in Full On:__________________________
Interest Payable:__________________________________
[_] Installment Payment (including interest):In _________ ______________
(No.) (Period)
Installments of $________commencing on_____, 19___,
and on the same day of each successive_____________
thereafter, together with a FINAL PAYMENT of $_____
due and payable on__________________, 19____.
[_] Installment Payment (plus interest):_______ _______________________
(No.) (Period)
Principal installments of $____________ plus interest,
commencing on________________, 19_____, and on the
same day of each successive _____________thereafter,
together with a FINAL PAYMENT of $__________, plus
accrued interest due and payable on_____________,
19______.
[X] Mulitple Payment Principal and interest are payable as follows: As set
forth in the Second Amended and Restated Loan
Agreement dated ____________, 199__, by and between
the Maker and the Bank (the "Loan Agreement")
[_] ON DEMAND Principal payable ON DEMAND with interest payable___
____________ commencing on_______________ and each
________________________thereafter.
[_] Prepayment Right Bank shall have the absolute and unconditional right,
at its sole discretion, to require Maker to pay the
entire loan balance, along with accrued unpaid
interest at any time after the sixty-first (61st)
month from the note date. If the bank elects to
exercise such right of payment, Bank will provide
Maker ninety (90) days prior written notice of its
intention to demand payment. If Bank does not exercise
such right of payment, the loan balance outstanding,
along with accrued unpaid interest is due and payable
on the one hundred twentieth (120th) installment.
The Interest Rate Is As Follows:[_] If checked here, the interest rate provided
herein shall be computed on the basis of a 365 day year and shall be calculated
for the actual number of days elapsed. If not checked, the interest rate shall
be computed on the basis of a 360 day year and shall be calculated for the
actual number of days elapsed.
Variable Interest Rate
[_] Not applicable
[X] Applicable, provided however that the interest rate charged hereunder shall
never exceed the maximum rate allowed, from time to time, by law. If this
loan is for a consumer purpose and is secured by a dwelling, the maximum
interest rate charged will never exceed 18% per annum or the state usury
ceiling, whichever is less.
If applicable, the interest rate stated herein shall, from time to time,
automatically increase or decrease so that at all times it shall be equivalent
to (check appropriate box and complete):
[_] _______% over the annual interest rate announced by_________________________
from time to time, as the prime rate (which interest rate is only a bench
mark, is purely discretionary and is not necessarily the best or lowest rate
charged borrowing customers of any subsidiary bank of Sun Banks, Inc.). Any
such change in prime rate will increase or decrease your periodic interest
payments. Any change in prime rate shall be effective at the beginning of
the business day on which such change is announced; or,
[X] as set forth in the Loan Agreement in Section 2(c).
FIXED RATE [_] Applicable at___________% per annum, simple interest.
[X] Not Applicable.
LATE CHARGE FEE If a payment is late, you may be charged 5% of such
payment as a late charge. A payment which is not received
on the due date shall be deemed late.
SERVICE FEE A service fee of the lesser of $50.00 or 2 percent of the
principal amount of this loan will be charged. The service
fee charge will not be refunded in the event of
prepayment.
ADDITIONAL FEES The Bank may charge various additional fees for servicing
or processing the loan. The name of the fee shall describe
the work performed.
In the event any installment of principal or interest or any part thereof
is not paid when it becomes due, or in the event of any default thereunder,
the principal sum remaining unpaid hereunder, together with all accrued and
past due interest thereon, shall immediately and without notice become due and
payable at the election of the holder at any time thereafter.
Notwithstanding any rate of interest provided herein, the interest rate on
any payment or payments of principal or interest, or any part thereof, which is
not made when due shall, thereafter, be at the maximum rate allowed, from time
to time, by law. Minimum interest of $10.00 on any single payment loan or $15.00
on any installment loan will be charged.
This note is: [X] SECURED [_] UNSECURED (Notwithstanding the fact that this
note is marked "unsecured", Maker understands and agrees that any other security
interest the Bank now holds or may hereafter acquire from the Maker may secure
this note).
As security for the payment of this note Maker has pledged or deposited
with Bank and hereby grants to Bank a security interest in the following
property: the personal property described as collateral in the Loan Agreement
and the Amended and Restated Security Agreement dated 199__, by and between the
Maker and the Bank, (including all cash, stock and other dividends and all
rights to subscribe for securities incident to, declared, or granted in
connection with such property and including any returned or unearned premiums
from any insurance financed hereunder), which property, together with all
additions and substitutions hereafter pledged or deposited with Bank is called
the Collateral. The Collateral is also pledged as security for all other
liabilities (primary, secondary, direct, contingent, sole, joint, or several),
due or to become due or which may be hereafter contracted or acquired, of each
Maker (including each Maker and any other person) to Bank and for all renewals,
extensions or modifications of this note. The surrender of this note, upon
payment or otherwise, shall not affect the right of Bank to retain the
Collateral for such other liabilities.
Lender may request periodically as it deems necessary, complete and
current financial statements, balance sheets, profit and loss statements, and
cash flow information for Maker and Cosigner.
Maker understands and agrees that the jury waiver, the additional
agreements and provisions on the reverse side hereof, hereby incorporated by
reference, constitute agreements of the Maker and a part of this note, Maker
acknowledges receipt of a completed copy of this note.
-------------------------------------------------------------------------
Notice To Cosigner: You are being asked to guarantee this debt. Think
carefully before you do. If the borrower doesn't pay the debt, you will have to.
Be sure you can afford to pay if you have to, and that you want to accept this
responsibility.
You may have to pay up to the full amount of the debt if the borrower does
not pay. You may also have to pay late fees or collection costs, which increase
this amount.
The Bank can collect this debt from you without first trying to collect
from the borrower. The Bank can use the same collection methods against you
that can be used against the borrower, such as suing you, garnishing your
wages, etc. If this debt is ever in default, that fact may become a part of
your credit record.
- ----
This notice is not the contract that makes you liable for the debt.
-------------------------------------------------------------------------
Address: 1000 Legion Place #1515 AUDIO COMMUNICATIONS NETWORK, INC.
------------------------ -----------------------------(Seal)------
Date
Orlando, FL 32801 By: /s/ A.J. Schell
- -------------------------------- -----------------------------(Seal)------
Name: A.J. Schell
Title: Pres
===============================================================================
This space for Bank records only
- ------------------ ------------------ ------------------- ------------------
Proceeds Document Stamps Other Charges Note Amount
- ------------------ ------------------ ------------------- ------------------
Officer Initials # Note Number Account Number Service Fee
<PAGE>
ADDENDUM TO PROMISSORY NOTE
TO RENEWAL PROMISSORY NOTE
MAKER: AUDIO COMMUNICATIONS NETWORK, INC.
BANK: SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION
LEGEND:
- ------
"This Renewal Promissory Note renews that certain Renewal, Increase and
Consolidated Promissory Note in the face amount of $5,200,000.00 dated June 5,
1995, executed by the Maker in favor of the Bank, which has an unpaid principal
balance on the date hereof in the amount of the face amount of this Note and
which was exempt from Florida documentary stamp taxes."
AUDIO COMMUNICATIONS NETWORK, INC.
By: /s/ A.J. Schell
---------------------------
A. J. Schell, President
(CORPORATE SEAL)
STATE OF GEORGIA
COUNTY OF FULTON
On this the 14th day of December, 1995, personally appeared A. J. SCHELL, as
the President of AUDIO COMMUNICATIONS NETWORK, INC., a Florida corporation, and
before me executed the attached Renewal Promissory Note of even date in the
principal amount of Four Million Eight Hundred Ten Thousand and No/100 Dollars
($4,810,000.00) payable by AUDIO COMMUNICATIONS NETWORK, INC., to SunTrust Bank,
Central Florida, National Association.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal, in the
state and county aforesaid.
/s/ Susan C. Pilcher
--------------------------------------------------------------
Notary Public Signature, State of Georgia
Susan C. Pilcher
--------------------------------------------------------------
(Print, Type or Stamp Commissioned Name of Notary Public)
Personally known X; OR Produced identification ______________
-
Type of identification produced: _____________________________
--------------------------------------------------------------
(Notary Seal) Notary Public, Paulding County, Georgia
My Commission Expires
Sept. 16, 1996
<PAGE>
AFFIDAVIT OF OUT-OF-STATE DELIVERY
----------------------------------
STATE OF GEORGIA
COUNTY OF FULTON
I, Susan C. Pilcher, being first duly sworn, upon my oath, depose and say:
1. That I am an Administrative Assistant of Trust Company Bank.
2. That on the 14th day of December, 1995, I witnessed the execution of
that certain Renewal Promissory Note, dated December 14th, 1995, in the face
amount of Four Million Eight Hundred Ten Thousand and No/100 Dollars
($4,810,000.00) payable by AUDIO COMMUNICATIONS NETWORK, INC. as Maker, to
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION, as Payee (the "Note").
3. That I accepted delivery of the Note on behalf of the Payee in Atlanta,
Georgia.
/s/ Susan C. Pilcher
----------------------------------
Name: Susan C. Pilcher
-----------------------------
Title: Administrative Assistant
----------------------------
Subscribed and sworn before me this 14th day of December, 1995.
/s/ Teresa L. Fullerton
--------------------------------------------------------------
Signature of Notary Public - State of Georgia
Teresa L. Fullerton
--------------------------------------------------------------
(Print, Type or Stamp Commissioned Name of Notary Public)
Personally known X; or Produced Identification: ______________
-
Type of Identification produced: _____________________________
(NOTARY SEAL) Notary Public, Fayette County, Georgia
My Commission Expires
Sept. 15, 1997
<PAGE>
STATE OF GEORGIA
COUNTY OF FULTON
On the 14th day of December personally appeared A.J. Schell, as the
President of AUDIO COMMUNICATIONS NETWORK, INC., a Florida corporation, and
before me executed the attached Increase Promissory Note, dated as of December
14th, 1995, in the principal amount of Six Million One Hundred Ninety Thousand
and No/100 Dollars ($6,190,000.00) payable by AUDIO COMMUNICATIONS NETWORK, INC.
as maker, to SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION, as payee.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal, in the
state and county aforesaid.
/s/ Susan C. Pilcher
-------------------------------------------------------------
Signature of Notary Public
Susan C. Pilcher
-------------------------------------------------------------
(Print, Type or Stamp Commissioned Name of Notary Public)
Personally known X; OR Produced identification ______________
-
Type of identification produced: ____________________________
-------------------------------------------------------------
(Notary Seal) Notary Public, Paulding County, Georgia
My Commission Expires
Sept. 16, 1996
<PAGE>
AFFIDAVIT OF OUT-OF-STATE DELIVERY
----------------------------------
STATE OF GEORGIA
COUNTY OF FULTON
I, Susan C. Pilcher, being first duly sworn, upon my oath, depose and say:
1. That I am an Administrative Assistant of Trust Company Bank.
2. That on the 14th day of December, 1995, I witnessed the execution of
that certain Increase Promissory Note, dated December 14th, 1995, in the face
amount of Six Million One Hundred Ninety Thousand and No/100 Dollars
($6,190,000.00) payable by AUDIO COMMUNICATIONS NETWORK, INC. as Maker, to
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION, as Payee (the "Note").
3. That I accepted delivery of the Note on behalf of the Payee in
Atlanta, Georgia.
/s/ Susan C. Pilcher
----------------------------------
Name: Susan C. Pilcher
-----------------------------
Title: Administrative Assistant
----------------------------
Subscribed and sworn before me this 14th day of December, 1995.
/s/ Teresa L. Fullerton
---------------------------------------------
Signature of Notary Public - State of Georgia
Teresa L. Fullerton
---------------------------------------------
Print, Type or Stamp Commissioned Name of
Notary Public
Personally Known: X or Produced
_______
Identification:_______
Type of Identification:
----------------------
(NOTARIAL SEAL)
Notary Public, Fayette
County, Georgia
My Commission Expires
Sept. 15, 1997
<PAGE>
[SunTrust Logo Appears Here] Increase
Promissory Note
$ 6,190,000.00 December 14 1995
- ----------------- ------------------------
The undersigned (whether one or more hereinafter called "Maker"), jointly
and severally, promise(s) to pay to the order of SunTrust Bank, Central
Florida, National Association (herein called "Bank") at its offices located at
200 S. Orange Ave., Orlando Florida, Six Million One Hundred Ninety Thousand &
No/100 Dollars ($6,190,000.00), together with interest from the date hereof at
the rate hereinafter provided, and applicable fees in the following manner.
Repayment Schedule:
[_] Single Payment Principal Due in Full On:__________________________
Interest Payable:__________________________________
[_] Installment Payment (including interest):In _________ ______________
(No.) (Period)
Installments of $________commencing on_____, 19___,
and on the same day of each successive_____________
thereafter, together with a FINAL PAYMENT of $_____
due and payable on__________________, 19____.
[_] Installment Payment (plus interest):_______ _______________________
(No.) (Period)
Principal installments of $____________ plus interest,
commencing on________________, 19_____, and on the
same day of each successive _____________thereafter,
together with a FINAL PAYMENT of $__________, plus
accrued interest due and payable on_____________,
19______.
[X] Mulitple Payment Principal and interest are payable as follows: As set
forth in the Second Amended and Restated Loan
Agreement dated__________,199___, by and between the
Maker and the Bank (the "Loan Agreement")
[_] ON DEMAND Principal payable ON DEMAND with interest payable___
____________ commencing on_______________ and each
________________________thereafter.
[_] Prepayment Right Bank shall have the absolute and unconditional right,
at its sole discretion, to require Maker to pay the
entire loan balance, along with accrued unpaid
interest at any time after the sixty-first (61st)
month from the note date. If the bank elects to
exercise such right of payment, Bank will provide
Maker ninety (90) days prior written notice of its
intention to demand payment. If Bank does not exercise
such right of payment, the loan balance outstanding,
along with accrued unpaid interest is due and payable
on the one hundred twentieth (120th) installment.
The Interest Rate Is As Follows: [_] If checked here, the interest rate provided
herein shall be computed on the basis of a 365 day year and shall be calculated
for the actual number of days elapsed. If not checked, the interest rate shall
be computed on the basis of a 360 day year and shall be calculated for the
actual number of days elapsed.
Variable Interest Rate
[_] Not applicable
[X] Applicable, provided however that the interest rate charged hereunder shall
never exceed the maximum rate allowed, from time to time, by law. If this
loan is for a consumer purpose and is secured by a dwelling, the maximum
interest rate charged will never exceed 18% per annum or the state usury
ceiling, whichever is less.
If applicable, the interest rate stated herein shall, from time to time,
automatically increase or decrease so that at all times it shall be equivalent
to (check appropriate box and complete):
[_] _______% over the annual interest rate announced by_________________________
from time to time, as the prime rate (which interest rate is only a bench
mark, is purely discretionary and is not necessarily the best or lowest rate
charged borrowing customers of any subsidiary bank of Sun Banks, Inc.). Any
such change in prime rate will increase or decrease your periodic interest
payments. Any change in prime rate shall be effective at the beginning of
the business day on which such change is announced; or,
[X] as set forth in the Loan Agreement in Section 2(c).
FIXED RATE [_] Applicable at___________% per annum, simple interest.
[X] Not Applicable.
LATE CHARGE FEE If a payment is late, you may be charged 5% of such
payment as a late charge. A payment which is not received
on the due date shall be deemed late.
SERVICE FEE A service fee of the lesser of $50.00 or 2 percent of the
principal amount of this loan will be charged. The service
fee charge will not be refunded in the event of
prepayment.
ADDITIONAL FEES The Bank may charge various additional fees for servicing
or processing the loan. The name of the fee shall describe
the work performed.
In the event any installment of principal or interest or any part thereof
is not paid when it becomes due, or in the event of any default thereunder,
the principal sum remaining unpaid hereunder, together with all accrued and
past due interest thereon, shall immediately and without notice become due and
payable at the election of the holder at any time thereafter.
Notwithstanding any rate of interest provided herein, the interest rate on
any payment or payments of principal or interest, or any part thereof, which is
not made when due shall, thereafter, be at the maximum rate allowed, from time
to time, by law. Minimum interest of $10.00 on any single payment loan or $15.00
on any installment loan will be charged.
This note is: [X] SECURED [_] UNSECURED (Notwithstanding the fact that this
note is marked "unsecured", Maker understands and agrees that any other security
interest the Bank now holds or may hereafter acquire from the Maker may secure
this note).
As security for the payment of this note Maker has pledged or deposited
with Bank and hereby grants to Bank a security interest in the following
property: the personal property described as collateral in the Loan Agreement
and the Amended and Restated Security Agreement dated 199__, by and between the
Maker and the Bank, (including all cash, stock and other dividends and all
rights to subscribe for securities incident to, declared, or granted in
connection with such property and including any returned or unearned premiums
from any insurance financed hereunder), which property, together with all
additions and substitutions hereafter pledged or deposited with Bank is called
the Collateral. The Collateral is also pledged as security for all other
liabilities (primary, secondary, direct, contingent, sole, joint, or several),
due or to become due or which may be hereafter contracted or acquired, of each
Maker (including each Maker and any other person) to Bank and for all renewals,
extensions or modifications of this note. The surrender of this note, upon
payment or otherwise, shall not affect the right of Bank to retain the
Collateral for such other liabilities.
Lender may request periodically as it deems necessary, complete and
current financial statements, balance sheets, profit and loss statements, and
cash flow information for Maker and Cosigner.
Maker understands and agrees that the jury waiver, the additional
agreements and provisions on the reverse side hereof, hereby incorporated by
reference, constitute agreements of the Maker and a part of this note. Maker
acknowledges receipt of a completed copy of this note.
-------------------------------------------------------------------------
Notice To Cosigner: You are being asked to guarantee this debt. Think
carefully before you do. If the borrower doesn't pay the debt, you will have to.
Be sure you can afford to pay if you have to, and that you want to accept this
responsibility.
You may have to pay up to the full amount of the debt if the borrower does
not pay. You may also have to pay late fees or collection costs, which increase
this amount.
The Bank can collect this debt from you without first trying to collect
from the borrower. The Bank can use the same collection methods against you
that can be used against the borrower, such as suing you, garnishing your
wages, etc. If this debt is ever in default, that fact may become a part of
your credit record.
This notice is not the contract that makes you liable for the debt.
-------------------------------------------------------------------------
Address: 1000 Legion Place #1515 AUDIO COMMUNICATIONS NETWORK, INC.
------------------------- --------------------------(Seal)-------
Date
Orlando, FL 32801 By: /s/ A. J. Schell
- --------------------------------- --------------------------(Seal)-------
Name: A.J. Schell Date
Title: Pres
===============================================================================
This space for Bank records only
- ------------------ ------------------ ------------------- ------------------
Proceeds Document Stamps Other Charges Note Amount
- ------------------ ------------------ ------------------- ------------------
Officer Initials # Note Number Account Number Service Fee
<PAGE>
ADDENDUM TO PROMISSORY NOTE
---------------------------
TO SECOND RENEWAL, INCREASE AND CONSOLIDATED PROMISSORY NOTE
MAKER: AUDIO COMMUNICATIONS NETWORK, INC.
BANK: SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION
LEGEND:
- -------
"This Second Renewal, Increase and Consolidated Promissory Note renews and
consolidates (a) that certain Renewal Promissory Note in the face amount of
$4,810,000.00 dated December 14th, 1995, and (b) that certain Increase
Promissory Note dated December 14th, 1995, in the face amount of $6,190,000.00,
each executed by the Maker in favor of the Bank, both of which were exempt from
Florida documentary stamp taxes."
AUDIO COMMUNICATIONS NETWORK, INC.
By: /s/ A. J. Schell
-------------------------------
A. J. Schell, President
(CORPORATE SEAL)
STATE OF GEORGIA
COUNTY OF FULTON
On this the 14th day of December, 1995, personally appeared A. J. SCHELL,
as the President of AUDIO COMMUNICATIONS NETWORK, INC., a Florida corporation,
and before me executed the attached Second Renewal, Increase and Consolidated
Promissory Note of even date in the principal amount of Eleven Million and
No/100 Dollars ($11,000,000.00) payable by AUDIO COMMUNICATIONS NETWORK, INC.,
to SunTrust Bank, Central Florida, National Association.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal, in the
state and county aforesaid.
/s/ Susan C. Pilcher
-----------------------------------------------
Notary Public Signature, State of Georgia
Susan C. Pilcher
-----------------------------------------------
(Print, Type or Stamp Commissioned Name of
Notary Public) Personally known X : OR
_____
Produced identification ____Type of
identification produced: ______________________
-----------------------------------------------
Notary Public,
Paulding County, Georgia
(Notarial Seal) My Commission Expires
Sept. 16, 1996
<PAGE>
AFFIDAVIT OF OUT-OF-STATE DELIVERY
----------------------------------
STATE OF GEORGIA
COUNTY OF FULTON
I, Susan C. Pilcher, being first duly sworn, upon my oath, depose and say:
1. That I am an Administrative Assistant of Trust Company Bank.
2. That on the 14th day of December, 1995, I witnessed the execution of
that certain Second Renewal, Increase and Consolidated Promissory Note, dated
December 14th, 1995, in the face amount of Eleven Million and 00/100 Dollors
($11,000,000.00) payable by AUDIO COMMUNICATIONS NETWORK, INC. as Maker, to
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION, as Payee (the "Note").
3. That I accepted delivery of the Note on behalf of the Payee in Atlanta,
Georgia.
/s/ Susan C. Pilcher
----------------------------------
Name: Susan C. Pilcher
Title: Administrative Assistant
Subscribed and sworn before me this 14th day of December, 1995.
/s/ Teresa L. Fullerton
--------------------------------------------------------------
Signature of Notary Public - State of Georgia
Teresa L. Fullerton
--------------------------------------------------------------
Print, Type or Stamp Commissioned Name of Notary Public
Personally known X or Produced Identification:________________
-
Type of Identification:_______________________________________
(Notary Seal) Notary Public, Fayette County, Georgia
My Commission Expires
Sept. 16, 1997
<PAGE>
[SunTrust Logo Appears Here] Second Renewal, Increase and Consolidated
[See attached ADDENDUM for Legend.] Promissory Note
$ 11,000,000.00 December 14 1995
The undersigned (whether one or more hereinafter called "Maker"), jointly
and severally, promise(s) to pay to the order of SunTrust Bank, Central
Florida, National Association (herein called "Bank") at its offices located at
200 S. Orange Ave., Orlando, Florida, Eleven Million & No/100 Dollars
($11,000,000.00), together with interest from the date hereof at the rate
hereinafter provided, and applicable fees in the following manner.
Repayment Schedule:
Single Payment Principal Due in Full On:__________________________
Interest Payable:__________________________________
[_] Installment Payment (including interest):In _________ ______________
(No.) (Period)
Installments of $________commencing on_____, 19___,
and on the same day of each successive_____________
thereafter, together with a FINAL PAYMENT of $_____
due and payable on__________________, 19____.
[_] Installment Payment (plus interest):_______ _______________________
(No.) (Period)
Principal installments of $____________, plus
interest, commencing on________________, 19_____, and
on the same day of each successive_____________
thereafter, together with a FINAL PAYMENT
of $__________, plus accrued interest due and payable
on_____________, 19______.
[X] Mulitple Payment Principal and interest are payable as follows: As set
forth in the Second Amended and Restated Loan
Agreement dated __________, 199__, by and between the
Maker and the Bank (the "Loan Agreement")
[_] ON DEMAND Principal payable ON DEMAND with interest payable___
____________ commencing on_______________ and each
________________________thereafter.
[_] Prepayment Right Bank shall have the absolute and unconditional right,
at its sole discretion, to require Maker to pay the
entire loan balance, along with accrued unpaid
interest at any time after the sixty-first (61st)
month from the note date. If the bank elects to
exercise such right of payment, Bank will provide
Maker ninety (90) days prior written notice of its
intention to demand payment. If Bank does not exercise
such right of payment, the loan balance outstanding,
along with accrued unpaid interest is due and payable
on the one hundred twentieth (120th) installment.
The Interest Rate Is As Follows:[_] If checked here, the interest rate provided
herein shall be computed on the basis of a 365 day year and shall be calculated
for the actual number of days elapsed. If not checked, the interest rate shall
be computed on the basis of a 360 day year and shall be calculated for the
actual number of days elapsed.
Variable Interest Rate
[_] Not applicable
[X] Applicable, provided however that the interest rate charged hereunder shall
never exceed the maximum rate allowed, from time to time, by law. If this
loan is for a consumer purpose and is secured by a dwelling, the maximum
interest rate charged will never exceed 18% per annum or the state usury
ceiling, whichever is less.
If applicable, the interest rate stated herein shall, from time to time,
automatically increase or decrease so that at all times it shall be equivalent
to (check appropriate box and complete):
[_] _______% over the annual interest rate announced by________________________,
from time to time, as the prime rate (which interest rate is only a bench
mark, is purely discretionary and is not necessarily the best or lowest rate
charged borrowing customers of any subsidiary bank of Sun Banks, Inc.). Any
such change in prime rate will increase or decrease your periodic interest
payments. Any change in prime rate shall be effective at the beginning of
the business day on which such change is announced; or,
[X] as set forth in the Loan Agreement in Section 2(c).
FIXED RATE [_] Applicable at___________% per annum, simple interest.
[X] Not Applicable.
LATE CHARGE FEE If a payment is late, you may be charged 5% of such
payment as a late charge. A payment which is not received
on the due date shall be deemed late.
SERVICE FEE A service fee of the lesser of $50.00 or 2 percent of the
principal amount of this loan will be charged. The service
fee charge will not be refunded in the event of
prepayment.
ADDITIONAL FEES The Bank may charge various additional fees for servicing
or processing the loan. The name of the fee shall describe
the work performed.
In the event any installment of principal or interest or any part thereof
is not paid when it becomes due, or in the event of any default thereunder,
the principal sum remaining unpaid hereunder, together with all accrued and
past due interest thereon, shall immediately and without notice become due and
payable at the election of the holder at any time thereafter.
Notwithstanding any rate of interest provided herein, the interest rate on
any payment or payments of principal or interest, or any part thereof, which is
not made when due shall, thereafter, be at the maximum rate allowed, from time
to time, by law. Minimum interest of $10.00 on any single payment loan or $15.00
on any installment loan will be charged.
This note is: [X] SECURED [_] UNSECURED (Notwithstanding the fact that this
note is marked "unsecured", Maker understands and agrees that any other security
interest the Bank now holds or may hereafter acquire from the Maker may secure
this note).
As security for the payment of this note Maker has pledged or deposited
with Bank and hereby grants to Bank a security interest in the following
property: the personal property described as collateral in the Loan Agreement
and the Amended and Restated Security Agreement dated 199__, by and between the
Maker and the Bank, (including all cash, stock and other dividends and all
rights to subscribe for securities incident to, declared, or granted in
connection with such property and including any returned or unearned premiums
from any insurance financed hereunder), which property, together with all
additions and substitutions hereafter pledged or deposited with Bank is called
the Collateral. The Collateral is also pledged as security for all other
liabilities (primary, secondary, direct, contingent, sole, joint, or several),
due or to become due or which may be hereafter contracted or acquired, of each
Maker (including each Maker and any other person) to Bank and for all renewals,
extensions or modifications of this note. The surrender of this note, upon
payment or otherwise, shall not affect the right of Bank to retain the
Collateral for such other liabilities.
Lender may request periodically as it deems necessary, complete and
current financial statements, balance sheets, profit and loss statements, and
cash flow information for Maker and Cosigner.
Maker understands and agrees that the jury waiver, the additional
agreements and provisions on the reverse side hereof, hereby incorporated by
reference, constitute agreements of the Maker and a part of this note, Maker
acknowledges receipt of a completed copy of this note.
-------------------------------------------------------------------------
Notice To Cosigner: You are being asked to guarantee this debt. Think
carefully before you do. If the borrower doesn't pay the debt, you will have to.
Be sure you can afford to pay if you have to, and that you want to accept this
responsibility.
You may have to pay up to the full amount of the debt if the borrower does
not pay. You may also have to pay late fees or collection costs, which increase
this amount.
The Bank can collect this debt from you without first trying to collect
from the borrower. The Bank can use the same collection methods against you
that can be used against the borrower, such as suing you, garnishing your
wages, etc. If this debt is ever in default, that fact may become a part of
your credit record.
This notice is not the contract that makes you liable for the debt.
-------------------------------------------------------------------------
Address: 1000 Legion Place #1515 AUDIO COMMUNICATIONS NETWORK, INC.
------------------------- ------------------------------(Seal)------
Date
Orlando, FL 32801 By: /s/ A. J. Schell
- ---------------------------------- ------------------------------(Seal)------
Name: A.J. Schell Date
Title: Pres
===============================================================================
This space for Bank records only
- ------------------ ------------------ ------------------- ------------------
Proceed Document Stamps Other Charges Note Amount
- ------------------ ------------------ ------------------- ------------------
Officer Initials # Note Number Account Number Service Fee
<PAGE>
________________________________________________________________________________
________________________________________________________________________________
AMENDED AND RESTATED
SECURITY AGREEMENT
By and Between
AMERICAN MUSIC NETWORK, INC.
(the Debtor)
And
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION,
F/K/A SUN BANK, NATIONAL ASSOCIATION
(the Secured Creditor)
December 21, 1995
________________________________________________________________________________
________________________________________________________________________________
<PAGE>
TABLE OF CONTENTS
-----------------
(The Table of Contents for this Security Agreement is for convenience of
reference only and is not intended to define, limit or describe the scope or
intent of any provisions of this Security Agreement.)
<TABLE>
<CAPTION>
Paragraph Caption Page
------- ----
Number
------
<S> <C> <C> <C>
1. DEFINITIONS..................................................... 1
-----------
2. COLLATERAL...................................................... 5
----------
3. GRANT OF SECURITY INTEREST...................................... 6
--------------------------
4. REPRESENTATIONS, WARRANTIES AND COVENANTS....................... 6
-----------------------------------------
5. DEFAULT......................................................... 9
-------
6. RIGHTS UPON DEFAULT............................................. 10
-------------------
7. PERFECTION...................................................... 11
----------
8. OTHER DOCUMENTS................................................. 12
---------------
9. NOTICE.......................................................... 12
------
10. POWER OF ATTORNEY............................................... 13
-----------------
11. TERM............................................................ 13
----
12. TIME............................................................ 13
----
13. WAIVER.......................................................... 13
------
14. MISCELLANEOUS................................................... 14
-------------
15. GOVERNING LAW................................................... 14
-------------
16. SEVERABILITY.................................................... 14
------------
17. DOCUMENTARY STAMPS.............................................. 14
------------------
18. NO THIRD PARTY BENEFICIARIES.................................... 14
----------------------------
19. COSTS AND ATTORNEYS FEES........................................ 15
------------------------
20. COMPLETE AGREEMENT.............................................. 15
------------------
21. WAIVER OF JURY TRIAL............................................ 15
--------------------
</TABLE>
EXHIBIT A DESCRIPTION OF PERMITTED ENCUMBRANCES
EXHIBIT B PLACES OF BUSINESS
<PAGE>
AMENDED AND RESTATED SECURITY AGREEMENT
---------------------------------------
THIS AMENDED AND RESTATED SECURITY AGREEMENT (the "Security Agreement")
made and entered into this 21st day of December, 1995, by and between:
AMERICAN MUSIC NETWORK, INC., a California
corporation, 1031 E. Belmont Avenue, Fresno,
California 93701 (hereinafter referred to as
the "Debtor"),
and
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL
ASSOCIATION, F/K/A SUN BANK, NATIONAL
ASSOCIATION, a national banking association,
200 South Orange Avenue, Orlando, Florida
32801 (hereinafter referred to as the
"Secured Creditor").
W I T N E S S E T H:
-------------------
WHEREAS, the Secured Creditor previously extended certain loans to Audio
Communications Network, Inc. f/k/a Johnson Electronics, Inc., a Florida
corporation (the "Borrower"); and
WHEREAS, the Borrower has requested the Secured Creditor to increase and
modify said loans; and
WHEREAS, in order to secure such loans, the Debtor previously executed and
delivered to the Secured Creditor that certain Security Agreement dated August
28, 1990, as amended by amendments dated as of October 15, 1993, as of March 1,
1994 and as of June 5, 1995 (the "Existing Security Agreement"); and
WHEREAS, the Secured Creditor is unwilling to increase and modify such
loans unless and until the Debtor executes and delivers this Amended and
Restated Security Agreement;
NOW, THEREFORE, the Debtor and the Secured Creditor agree to amend and
restate the Existing Security Agreement in its entirety as follows:
1. DEFINITIONS. As used in this Security Agreement, the following terms
-----------
and conditions shall have the meanings set forth below:
"Account" shall mean any right of the Debtor, whether or not earned by
-------
performance, to payment for goods or other property (including, without
limitation, the Collateral) sold or
<PAGE>
leased or for services rendered that is not evidenced by an Instrument or
Chattel Paper, including, without limitation:
(i) all presently owned and hereafter acquired receivables,
including all open accounts, contract rights, notes, drafts, acceptances, rental
receivables, installment payment obligations and other obligations for or rights
to the payment of money created by the Debtor, or acquired by Debtor from
others;
(ii) all cash and non-cash proceeds thereof, and all contracts,
documents, invoices and other instruments evidencing the same; and
(iii) all collateral security therefor (including guaranties,
mortgages, or security interests) and all of Debtor's rights and remedies in
connection with the Accounts or in connection with any property sold or leased
which is represented thereby.
"Account Debtor" shall mean any person who is obligated on an Account
--------------
or Chattel Paper.
"Borrower" shall mean Audio Communications Network, Inc., f/k/a
--------
Johnson Electronics, Inc., a Florida corporation.
"Chattel Paper" shall mean a writing or writings which evidence both a
-------------
monetary obligation and a security interest in or a lease of specific goods.
"Collateral" shall mean the goods and other property described in
----------
paragraph 2 of this Agreement.
"Copyrights" shall mean the rights to all copyrighted material and all
----------
rights under the copyright laws of the United States belonging or ascribed to
the Debtor.
"Document" shall mean any now owned or hereafter acquired bill of
--------
lading, dock warrant, dock receipt, warehouse receipt or order for the delivery
of goods, and also any other document, whether negotiable or non-negotiable,
which in the regular course of business of financing is treated as adequately
evidencing that the person in possession of it is entitled to receive, hold and
dispose of the document and the goods it covers.
"Equipment" shall mean all now existing and hereafter acquired goods
---------
(other than Inventory) used or bought for use primarily in the Debtor's
business, wherever located, including, but not limited to, machinery, furniture,
furnishings, textures, dies, parts (including spare parts and repair parts) and
tools, together with all fittings, accessories, accessions, additions,
modifications, improvements, equipment and special tools now or hereafter
affixed to any or any part of the foregoing or used in
2
<PAGE>
connection with any part of the foregoing and all replacements of any part
thereof and all products and Proceeds of any of the foregoing.
"Guaranty" shall mean that certain Subsidiary Guaranty Agreement,
--------
dated the date hereof, of the Guarantors guarantying payment to the Secured
Creditor of the Liabilities and all amendments, supplements, ratifications or
replacements thereof.
"Guarantor" or "Guarantors" shall mean collectively or individually,
--------- ----------
as the context may require, American Music Network, Inc., a California
corporation, Audio Communications Network, Inc., f/k/a Music Services, Inc., a
Missouri corporation, Audio Communications Network, Inc., a Maryland corporation
and Florida Audio Engineering Company, a Florida corporation.
"Instrument" shall mean a negotiable instrument or any other writing
----------
which evidences a right to payment of money and is not itself a security
agreement or lease and is of a type which is in ordinary course of business
transferred by delivery with any necessary endorsement or assignment.
"Intangible Assets" shall mean any personal property (including things
-----------------
in action) other than goods, Accounts, Chattel Paper, Documents, Instruments and
money and including, but not limited to all of the Debtor's now owned or
hereafter acquired (i) deferred assets, other than prepaid insurance and
prepaid taxes, (ii) goodwill, manufacturing and processing rights, Patents,
Licenses, franchises (including the Muzak Franchises), permits, Copyrights,
Trademarks, trade secrets, customer lists, tax refund claims, incentive
payments, insurance proceeds, experimental expenses and other similar assets
which would be classified as "intangible assets" under GAAP, (iii) treasury
stock and any write-up of the value of any assets after the date hereof unless
in accordance with GAAP, and (iv) all Proceeds of any and all of the foregoing.
"Inventory" shall mean all of the Debtor's now owned and hereafter
---------
acquired (a) goods, merchandise or personal property, wherever located, held by
the Debtor for sale or lease or to be furnished under contracts of service, (b)
raw materials, (c) work in process, (d) materials used or consumed in the
Debtor's business, (e) materials or supplies used or usable in manufacturing or
processing, (f) packaging and shipping materials, (g) inventory covered by a
warehouse receipt, bill of lading or other negotiable or non-negotiable Document
and (h) returned or repossessed merchandise.
"Liabilities" shall mean any and all of the following:
-----------
(a) Principal and interest and all other monies due or to become
due under the Promissory Note, including any extensions or renewals thereof.
3
<PAGE>
(b) Any and all other liabilities or obligations, primary,
secondary, direct, contingent, sole, joint or several, due or to become due, or
which may be hereafter contracted or acquired of the Debtor or the Borrower to
the Secured Creditor including, but not limited to, any and all loans or other
advances, whether obligatory or otherwise, which the Secured Creditor may, but
is not obligated to, make to the Debtor or the Borrower at any time in the
future.
(c) All other monies (in addition to principal and interest) due
or to become due the Secured Creditor from the Debtor or the Borrower including,
but not limited to, all costs and expenses including attorney's fees which the
Secured Creditor is entitled or permitted for any reason whatsoever to recover
under any statute, promissory note or agreement, including but not limited to,
this Security Agreement and the Promissory Note. As used herein and elsewhere in
this Security Agreement, costs and expenses, including attorney's fees, shall
include costs and expenses incurred by the Secured Creditor in proceeding
against the Collateral or against the Debtor or the Borrower and shall include
costs and expenses, including attorney's fees, which the Secured Creditor may
incur or become liable for as a result of enforcing any of its rights and
privileges under this Security Agreement, whether in any initial suit or an
appeal therefrom.
(d) Any future advances that the Secured Creditor may make to
the Debtor or the Borrower, whether discretionary or obligatory, provided,
however, that Secured Creditor shall be under no duty whatsoever by virtue of
this Security Agreement to make any such future advances whatsoever to the
Debtor or the Borrower. In the event the Secured Creditor subsequent to the date
of this Security Agreement makes any advances to the Debtor or the Borrower,
said advances shall conclusively be deemed to be and shall be future advances
under this subparagraph and within the definition of Liabilities as defined
herein.
"Licenses" shall mean any license agreement under which the Debtor is
--------
or becomes licensed to use a patent or trademark and any license agreement under
which the Debtor shall license any third party to use any Patent or Trademark of
the Debtor.
"Loan Agreement" shall mean that certain Second Amended and Restated
--------------
Loan Agreement of even date herewith entered into by and between the Borrower
and the Secured Creditor and any and all amendments, modifications, supplements
or restatements thereof.
"Muzak Franchises" shall mean any and all franchise or licensing
----------------
agreements between the Debtor and any Muzak entity pursuant to which the Debtor
is now or may subsequently be authorized to supply Muzak services and products
to its customers, and any and all amendments, modifications, supplements or
replacements thereof.
4
<PAGE>
"Patents" shall mean any U.S. patents and U.S. patent applications,
-------
including, without limitation, the inventions and improvements described and
claimed therein, and the reissues and renewals thereof and all income,
royalties, damages and payments now and hereafter due and/or payable under and
with respect to all U.S. patents and U.S. patent applications, including,
without limitation, damages and payments for past or future infringements
thereof.
"Permitted Encumbrances" shall mean those encumbrances, liens or
----------------------
security interests set forth in Exhibit "A" attached hereto.
"Places of Business" shall mean any location at which the Debtor or
------------------
any Subsidiary conducts its business, including, but not limiting to, the
storage of Inventory, all of which are set forth in Exhibit "B" attached hereto.
"Proceeds" shall mean all cash and non-cash proceeds received upon the
--------
sale, exchange, collection or other disposition of the Collateral, including but
not limited to insurance payable by reason of loss or damage to Collateral;
provided, however, that nothing in this definition shall in and of itself be
- -----------------
construed to grant the Debtor or any Guarantor any authority whatsoever to sell
or otherwise dispose of the Collateral.
"Promissory Note" shall mean that certain Second Renewal, Increase and
---------------
Consolidated Promissory Note executed by the Borrower in favor of the Secured
Creditor dated December 14, 1995 in the face amount of $11,000,000.00, and all
amendments, supplements, renewals and replacements thereof.
"Trademarks" shall mean trademarks, service marks, trademark
----------
registrations, trade names and trademark and trade name registrations and
applications (whether state or federal), and renewals thereof, and all income,
royalties, damages and payments now and hereafter due and/or payable under all
trademarks and trademark applications, including, without limitation, damages
and payments for past or future infringements thereof.
"UCC" shall mean the Florida Uniform Commercial Code as set forth in
---
Chapters 671 through 680, Florida Statutes, as the same may be amended from time
to time.
2. COLLATERAL. As used in this Security Agreement, the term "Collateral"
----------
shall mean and include any and all of the following:
(a) all Accounts, Chattel Paper, Documents, Equipment,
Instruments, Inventory, Intangible Assets and the Proceeds thereof, of the
Debtor whether now owned or hereafter acquired;
5
<PAGE>
(b) to the extent not encumbered above, all of the right, title
and interest of the Debtor, whether now owned or hereinafter acquired, in and to
the goods or other property represented by or securing the Accounts, Chattel
Paper and Instruments;
(c) all rights of the Debtor as an unpaid lienor, including
stoppage in transit, replevin and reclamation;
(d) all monies, bank accounts, balances, credits, deposits,
collections, drafts, bills, notes, securities, and other property of every kind
and nature (whether tangible or intangible) now owned or hereafter acquired by
the Debtor and at any time in the actual or constructive possession of (or in
transit to) the Secured Creditor or its correspondents or agents in any capacity
or for any purpose;
(e) all books, records, ledger cards and other property relating
to (a) through (d) above, including computer programs, tapes and related
software; and
(f) all Proceeds and products of (a) through (e) above.
3. GRANT OF SECURITY INTEREST. To secure the payment of all Liabilities
--------------------------
to the Secured Creditor, the Debtor does hereby grant to the Secured Creditor a
security interest in each and all of the Collateral.
4. REPRESENTATIONS, WARRANTIES AND COVENANTS. The Debtor does hereby
-----------------------------------------
represent and warrant to and covenant with the Secured Creditor as follows:
(a) That the Debtor is the absolute owner of the Collateral free and
clear of all liens and security interests whatsoever except for (i) the security
interest granted the Secured Creditor by this Security Agreement and (ii) the
Permitted Encumbrances.
(b) That the Collateral will be used solely for business purposes.
(c) That the Collateral will be kept at the Places of Business and
the Debtor shall not remove the Collateral from said location(s) without the
prior written consent of Secured Creditor.
(d) That the Debtor will defend the Collateral against the claims and
demands of all persons at any time claiming the same or any interest therein.
(e) That by virtue of this Security Agreement and the perfection of
said security interest in accordance with the
6
<PAGE>
provisions of paragraph 7 hereof, and the execution and delivery of the
Subordination Agreements, the Secured Creditor has a valid, enforceable,
perfected and first priority security interest in the Collateral.
(f) That except for the Permitted Encumbrances, as they presently
exist as of the date of this Security Agreement, the Debtor has not and shall
not grant to any person other than the Secured Creditor a security interest or
any other interest or claim in the Collateral.
(g) That except for financing statements to perfect the Permitted
Encumbrances as filed as of the date of this Security Agreement, there is not
now and will not be filed in the future in any jurisdiction any financing
statement listing any person other than the Secured Creditor as a secured party
covering any or all of the Collateral.
(h) That the Debtor will not permit any liens or security interests
other than (i) the Permitted Encumbrances and (ii) the Secured Creditor's
security interest, to attach to any of the Collateral, permit any of the
Collateral to be levied upon under legal process, permit anything to be done
that may impair the value of any of the Collateral or the security intended to
be afforded by this Security Agreement, or permit the Collateral to be or to
become a fixture (and it is expressly covenanted, warranted and agreed that the
Collateral, and any part thereof, whether affixed to any realty or not, shall be
and remain personal property), or to become an accession to other goods or
property.
(i) That the Debtor will not sell, transfer, lease or otherwise
dispose of any of the Collateral or any interest therein or offer to do so
without the prior written consent of the Secured Creditor provided, however,
that as long as the Debtor is not in default under this Security Agreement, it
may (i) sell its Inventory in the normal and ordinary course of its business and
(ii) replace its Equipment due to depreciation and obsolescence.
(j) That the Debtor will not use the Collateral or permit the
Collateral to be used in violation of any statute or ordinance and the Debtor
shall further comply with all statutes, regulations and ordinances applicable to
the use or its ownership of the Collateral and to its business.
(k) That the Debtor will pay promptly when due all taxes and
assessments upon the Collateral or for its use or operation or upon any note or
notes or other writing evidencing the Liabilities, or any of them.
(l) That during the term of this Security Agreement, the Debtor shall
cause to be maintained on the Collateral
7
<PAGE>
insurance in an amount at least equal to the amount of the Liabilities and shall
cause the Secured Creditor to be noted as a loss payee on said policies. At the
request of the Secured Creditor, the Debtor shall promptly deliver to the
Secured Creditor said policies of insurance along with certificates reflecting
the Secured Creditor as a loss payee and providing for not less than thirty (30)
days notice to the Secured Creditor prior to expiration or cancellation of same,
and the Secured Creditor shall be entitled to retain in its possession said
policies or certificates.
(m) That at its option, the Secured Creditor may discharge taxes,
liens or security interests or encumbrances at any time levied upon or placed on
the Collateral, including, but not limited to, any Permitted Encumbrances, may
pay for insurance on the Collateral, and may pay for the maintenance and
preservation of the Collateral provided, however, the Secured Creditor shall be
under no duty or obligation to do so. The Debtor agrees to immediately
reimburse the Secured Creditor on demand for any such payments made or any
expenses incurred by the Secured Creditor together with interest at the highest
rate permitted by law, pursuant to the foregoing authorization.
(n) That the Debtor's principal place of business is the address
specified in the preamble to this Security Agreement and it will promptly give
the Secured Creditor written notice of any change, provided, however, that said
principal place of business may not be removed from the County where the Debtor
is now located without the prior written consent of the Secured Creditor. The
Debtor further represents and warrants that all of its business records,
including those pertaining to all its accounts, shall be kept at the above
stated address. The Secured Creditor shall have the right at all times to
review, examine and make abstracts from said business records.
(o) That the Secured Creditor shall have the right at all times to
inspect and examine the Collateral and to make schedules and listings thereof.
(p) That the Debtor shall not be dissolved or be consolidated or
merged with any other entity without the prior written consent of the Secured
Creditor nor shall the Debtor transfer (other than in the ordinary course of its
business as permitted herein) a substantial part of its assets.
(q) That the Debtor will immediately notify the Secured Creditor if
the Debtor suffers or permits any substantial or material changes in management
or suffers or experiences any adverse financial change.
(r) That the Debtor will maintain the Collateral in good condition
and repair and shall undertake and perform such
8
<PAGE>
other functions as may be necessary to keep and maintain the Collateral in good
condition and repair.
(s) That the Debtor, at the request of the Secured Creditor, shall
furnish to the Secured Creditor such financial statements of and financial
information relating to the Debtor and its business and the Collateral, as the
Secured Creditor may request and in such form as the Secured Creditor may
request from time to time.
(t) That the Debtor shall at all times pay and keep current all
Permitted Encumbrances and shall not default thereunder, but shall not make any
prepayments thereunder.
(u) That the Debtor shall at all times fully and timely perform its
obligations under the Muzak Franchises and maintain them in full force and
effect, and promptly provide the Secured Creditor with copies of any
correspondence, or claims or advise the Secured Creditor of any oral
communications received from the franchisor claiming that a default exists under
any such franchise or advising that any of such franchises will not be renewed
or is being terminated for any reason.
All of the foregoing representations, warranties and covenants shall be
true and correct throughout the term of this Security Agreement and shall be
fulfilled and maintained by the Debtor throughout the term hereof.
5. DEFAULT. The occurrence of one or more of the following events shall
-------
constitute a default in this Security Agreement:
(a) The failure or omission of the Borrower or Debtor to pay when due
any Liability, including but not limited to, the failure to pay when due any
payment of interest and/or principal of the Promissory Notes.
(b) The failure of the Debtor to keep, observe or perform any term or
condition of this Security Agreement required hereunder to be kept, observed or
performed by the Debtor.
(c) The failure of the Debtor, the Borrower or any other Guarantor to
keep, observe or perform any term or condition of any loan document, including
the Loan Agreement, the Promissory Note, the Guaranty, and this Security
Agreement, and any other loan agreement, security agreement or other loan
document evidencing, securing or relating to the Liabilities required thereunder
to be kept, observed or performed by the Debtor or such Guarantor.
(d) The making or furnishing by the Debtor to the Secured Creditor of
any representation, warranty or covenant in connection with this Security
Agreement which is false.
9
<PAGE>
(e) The making of an assignment by the Debtor for the benefit of its
creditors.
(f) The commencement of proceedings in bankruptcy for reorganization
of the Debtor or for the adjustment of any of its debts under the Bankruptcy
Code or under any law, whether state or federal, now or hereafter existing for
the relief of debtors.
(g) The appointment of a receiver or trustee for the Debtor or for
any substantial part of its assets, or the institution of any proceedings for
the dissolution, or the full or partial liquidation of the Debtor.
(h) The Debtor becomes insolvent or unable to pay debts as they
mature.
(i) The termination or non-renewal of any of the Muzak Franchises for
any reason.
A default under this Security Agreement shall constitute a default under
the terms and conditions of all promissory notes then existing and executed by
the Debtor in favor of the Secured Creditor and shall also be and constitute a
default under all promissory notes and other agreements then existing and which
evidence in any way any Liability to the Secured Creditor including, but not
limited to, any other loan documents or loan agreement between the Debtor and
the Secured Creditor.
6. RIGHTS UPON DEFAULT. Upon the occurrence of any default under this
-------------------
Security Agreement and the expiration of any applicable cure period, or whenever
the Secured Creditor feels insecure for any reason whatsoever, the Secured
Creditor shall have and may exercise any or all of the following rights:
(a) To declare the Liabilities, or any of them (notwithstanding any
provision thereof), immediately due and payable without demand or notice of any
kind and the same thereupon shall immediately become due and payable without
demand or notice, and from and after the date of default the amount due on the
Liabilities shall from and thereafter bear interest at the maximum rate of
interest permitted from time to time under Florida law.
(b) To exercise from time to time any and all rights and remedies of
a secured party under the UCC and any and all rights and remedies available to
it under any other applicable law.
(c) To request the Debtor to assemble at its expense the Collateral
and make it available to the Secured Creditor at a convenient place acceptable
to the Secured Creditor and, upon the making of said request, the Debtor shall
promptly comply with said request.
10
<PAGE>
(d) To give notice to and make demand upon all Account Debtors to
make payments directly to the Secured Party on all Accounts.
(e) To seize and take possession of the Collateral and dispose of
same under the UCC and, in such case, if any notice is required under applicable
law the giving of five (5) days written notice to the Debtor at its address set
forth herein shall constitute reasonable notice to the Debtor provided, however,
the Secured Creditor shall not by virtue of this Security Agreement be obligated
to give any such notice to the Debtor. If the Debtor wishes to change its
address at which said notice is to be given, the burden shall be upon the Debtor
to so notify the Secured Party in writing and unless or until said notice is
given, all notices sent to the Debtor at the address set forth herein shall be
effective and valid notice to the Debtor. In the event of default, the Debtor
expressly authorizes the Secured Creditor to enter upon all property owned by
the Debtor for the purpose of taking into custody and seizing any and all of the
Collateral. In the event of repossession of any or all of the Collateral, the
Debtor authorizes the Secured Creditor to take into his possession any personal
property found in or on the Collateral and to hold the same until claimed by the
Debtor and in the event such personal property is not claimed within a
reasonable time (not greater than ten (10) days) by the Debtor, the Secured
Creditor is authorized to dispose of same in the same manner as the Collateral
is disposed of and to apply the proceeds resulting therefrom to the Liabilities.
(f) To immediately offset against the Liabilities all other monies due
or to become due the Debtor from the Secured Creditor, whether said monies are
due or are to become due under this Security Agreement, or any other
relationship whatsoever between the Debtor and the Secured Creditor.
All proceeds resulting from the disposition of any of the Collateral or the
exercise by the Secured Creditor of any of its rights under this Security
Agreement shall be applied without any marshalling of assets first to the
expenses of retaking and preparing the Collateral for sale including expenses of
sale, next to other costs and attorneys' fees incurred by the Secured Creditor
in exercising its rights under this Security Agreement, next to the payment of
interest and/or principal due on the Liabilities, as the Secured Creditor may
determine, and finally to any other moneys due the Secured Creditor from the
Debtor. Should any deficiency result after disposition of the Collateral, the
Debtor shall remain liable for any deficiency.
7. PERFECTION. In order to perfect the security interest in the
----------
Collateral granted to the Secured Creditor by the Debtor hereunder, the Debtor
agrees to execute and deliver to the Secured Creditor any and all documents
which are, in the opinion of the Secured Creditor or its counsel, necessary so
as to
11
<PAGE>
perfect said security interest including, but not limited to, execution of
appropriate UCC-1 financing statements to be filed with the Florida Secretary of
State and with the appropriate filing officer in such other jurisdictions where
any of the Collateral is or may be located.
The Debtor further authorizes the Secured Party to file, in jurisdictions
where this authorization will be given effect, financing statements signed only
by the Secured Creditor describing the Collateral in the same manner as it is
described herein, and, from time to time, at the request of the Secured
Creditor, the Debtor will execute one or more financing statements and such
other documents (and pay the cost of filing and recording same in all public
offices deemed necessary or desirable by the Secured Creditor) and do such other
acts and things, all as the Secured Creditor may request to establish and
maintain a valid, enforceable and perfected security interest in the Collateral
(free of all other liens and claims whatsoever except for the Permitted
Encumbrances) to secure payment of the Liabilities including, without
limitation, the deposit with the Secured Creditor of any certificate of title
applicable to any of the Collateral and notation thereon of the security
interest hereunder along with any necessary documents including notices of
liens. At the request of the Secured Creditor, this Security Agreement executed
by the Debtor, or a photocopy thereof, shall be deemed to be a financing
statement authorized to be filed in such jurisdictions where such filing will be
given effect.
The Debtor shall pay all costs of filing any financing statement and all
other costs of perfecting the security interest granted hereunder.
8. OTHER DOCUMENTS. During the term of this Security Agreement, the
---------------
Debtor agrees to execute any and all other documents which are, in the opinion
of the Secured Creditor or its counsel, necessary to carry out the terms and
conditions of this Security Agreement including the granting of a perfected,
valid and enforceable security interest in the Collateral to the Secured
Creditor.
9. NOTICE. All notices under this Security Agreement shall be in writing
------
and along with all other documents permitted or required to be given under this
Security Agreement shall be deemed to have been given, (i) in the case of
delivery, when delivered to the address set forth in the preamble to this
Security Agreement and addressed to the party involved, (ii) in the case of
mailing, on the third (3rd) business day after said document has been deposited
in the United States Mails, postage prepaid, and sent by certified or registered
mail and addressed to the other party at the address as set forth in the
preamble to this Security Agreement, and (iii) in all other cases when the same
has been actually received by the other party. Either party hereto may change
the address at which said notices are to be
12
<PAGE>
sent by the giving of notice of such change to the other party as set forth
herein. In the event the Secured Creditor is a corporation, all notices sent to
the Secured Creditor shall not be deemed to have been given unless they are
given or sent to the attention of the loan officer in charge of the account of
the Debtor and in the event there is no such loan officer then to the President
of the Secured Creditor.
10. POWER OF ATTORNEY. The Debtor does hereby appoint the Secured
-----------------
Creditor as its attorney-in-fact to execute any and all documents which the
Debtor is required to execute under the Security Agreement including, but not
limited to, all financing statements and other documents which the Debtor is
obligated to execute and deliver under the provisions of paragraph 7 hereof, and
the Debtor further appoints the Secured Creditor as its attorney-in-fact to
endorse in the Debtor's name all checks, drafts and other instruments
representing or constituting payments made on the Collateral in which are made
or delivered to the Secured Creditor in accordance with this Security Agreement.
The power of attorney granted herein shall be irrevocable and be deemed coupled
with an interest.
11. TERM. This Security Agreement and the rights and privileges granted
----
hereunder to the Secured Creditor shall continue and remain in full force and
effect until all Liabilities have been paid in full to the Secured Creditor, and
the Debtor has no further right to obtain any advances or other disbursements
from the Secured Creditor. At such time, this Security Agreement shall be
marked "Cancelled" and returned to the Debtor and the Secured Creditor shall
further execute a termination statement in regard to any financing statement
that solely relates to the Collateral. Until this Security Agreement has been
so marked "Cancelled" and returned to the Debtor, this Security Agreement shall
continue to secure all Liabilities and, at its option, the Secured Creditor may
retain this Security Agreement and maintain the validity of any security
interest granted hereunder and financing statements relating thereto for a
period not to exceed one hundred twenty (120) days after all Liabilities have
been paid in full and, in such event, if the Debtor has not filed and there has
not been filed against it any bankruptcy proceeding under the Bankruptcy Code
during said period, the Secured Creditor shall then cancel this Security
Agreement and terminate any financing statements as set forth herein.
12. TIME. Time is of the essence for the purposes of this Security
----
Agreement.
13. WAIVER. No waiver by the Secured Creditor of any default shall
------
operate as a waiver of any other default or of the same default on a future
occasion. No delay or omission on the part of the Secured Creditor in
exercising any right or remedy shall operate as a waiver thereof, and no single
or partial
13
<PAGE>
exercise by the Secured Creditor of any right or remedy shall include any other
or further exercise thereof or the exercise of any other right or remedy. The
Debtor further waives all notices whatsoever that the Debtor may be entitled to
under any contract or statute including presentment, notice of dishonor, protest
or notice of protest.
14. MISCELLANEOUS. The provisions of this Security Agreement are
-------------
cumulative and are in addition to the provisions of any note secured by this
Security Agreement and the Secured Creditor shall have all the benefits, rights
and remedies on any note secured hereby. If more than one party shall execute
this Security Agreement, the term "Debtor" will mean all parties signing this
Security Agreement and each of them, and all such parties shall be jointly and
severally obligated and liable hereunder. The singular pronoun, when used
herein, shall include masculine and feminine. All rights of Secured Creditor
hereunder shall inure to the benefits of its successors and assigns and all
duties of benefits of its successors and assigns and all duties of obligations
of the Debtor hereunder shall bind the heirs, executors, administrators,
successors and assigns of each Debtor.
15. GOVERNING LAW. This Security Agreement has been delivered in the
-------------
State of Florida and shall be construed in accordance with and governed by the
laws of Florida.
16. SEVERABILITY. Whenever possible, each provision of this Security
------------
Agreement shall be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision of this Security Agreement shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Security Agreement provided, however, if such invalidity adversely affects the
substantial rights of the Secured Creditor under this Security Agreement, all
the Liability shall immediately become due and payable in full.
17. DOCUMENTARY STAMPS. The Debtor shall pay all documentary stamps,
------------------
intangible tax, as well as all other taxes and penalties due on any notes
evidencing any of the Liabilities and the Debtor further agrees to indemnify and
hold Secured Creditor harmless from and against any and all such documentary
stamps, intangible taxes and penalties.
18. NO THIRD PARTY BENEFICIARIES. It is the intent and understanding of
----------------------------
the Debtor and the Secured Creditor that this Security Agreement is solely
between them and for their benefit and, accordingly, no party other than the
Debtor and the Secured Creditor shall have any rights or privileges under this
Security Agreement either as third party beneficiaries or otherwise.
14
<PAGE>
19. COSTS AND ATTORNEYS FEES. In the event of any default under this
------------------------
Security Agreement or the exercise by the Secured Creditor of any of its rights
hereunder, the Debtor shall promptly pay to the Secured Creditor all such costs
and expenses, including attorney's fees. All such costs and expenses, including
attorney's fees, shall further be deemed to be within the term "Liability" and
secured by the Collateral. As used in this Security Agreement, costs and
attorney's fees, shall mean costs and attorney's fees incurred in any suit,
including any appeal therefrom.
20. COMPLETE AGREEMENT. This Security Agreement constitutes the complete
------------------
agreement between the parties in regard to the matters set forth herein and this
Security Agreement may not be altered, amended or otherwise modified except by a
writing signed by the person to be charged by said alteration, amendment or
modification. This requirement that this Security Agreement may not be altered,
amended or modified except by a writing, may not itself be waived except by a
writing.
21. WAIVER OF JURY TRIAL. THE DEBTOR AND THE SECURED CREDITOR HEREBY EACH
--------------------
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY, AFTER CAREFUL CONSIDERATION AND AN
OPPORTUNITY TO SEEK LEGAL ADVICE, WAIVE THEIR RESPECTIVE RIGHTS TO HAVE A TRIAL
BY JURY IN RESPECT OF ANY LITIGATION ARISING OUT OF OR IN ANY WAY CONNECTED WITH
ANY OF THE PROVISIONS OF THIS SECURITY AGREEMENT, THE LOAN AGREEMENT, THE
PROMISSORY NOTES, OR ANY OTHER LOAN DOCUMENTS EXECUTED IN CONJUNCTION WITH THE
LOAN.
IN WITNESS WHEREOF, the Debtor has executed this Security Agreement as of
the date and year first above written.
ATTEST AMERICAN MUSIC NETWORK, INC.
/s/ Doris K. Krummenacker By:/s/ A. J. Schell
- ---------------------------- ---------------------------
Doris K. Krummenacker, A. J. Schell,
Secretary President
(CORPORATE SEAL)
SUNTRUST BANK, CENTRAL FLORIDA,
NATIONAL ASSOCIATION, F/K/A SUN BANK,
NATIONAL ASSOCIATION
By:/s/ Lee W. Wright
---------------------------
Lee W. Wright,
Vice President
15
<PAGE>
EXHIBIT A
---------
DESCRIPTION OF PERMITTED ENCUMBRANCES
-------------------------------------
None.
<PAGE>
EXHIBIT B
---------
PLACES OF BUSINESS
------------------
1031 E. Belmont Avenue
Fresno, CA 93701
<PAGE>
________________________________________________________________________________
________________________________________________________________________________
AMENDED AND RESTATED
SECURITY AGREEMENT
By and Between
AUDIO COMMUNICATIONS NETWORK, INC.
F/K/A JOHNSON ELECTRONICS, INC.
(the Debtor)
And
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION
F/K/A SUN BANK, NATIONAL ASSOCIATION
(the Secured Creditor)
December 21, 1995
________________________________________________________________________________
________________________________________________________________________________
<PAGE>
TABLE OF CONTENTS
-----------------
(The Table of Contents for this Security Agreement is for convenience of
reference only and is not intended to define, limit or describe the scope or
intent of any provisions of this Security Agreement.)
<TABLE>
<CAPTION>
Paragraph Caption Page
------- ----
Number
------
<S> <C> <C>
1. DEFINITIONS................................................. 1
-----------
2. COLLATERAL.................................................. 5
----------
3. GRANT OF SECURITY INTEREST.................................. 6
--------------------------
4. REPRESENTATIONS, WARRANTIES AND COVENANTS................... 6
-----------------------------------------
5. DEFAULT..................................................... 9
-------
6. RIGHTS UPON DEFAULT......................................... 10
-------------------
7. PERFECTION.................................................. 11
----------
8. OTHER DOCUMENTS............................................. 12
---------------
9. NOTICE...................................................... 12
------
10. POWER OF ATTORNEY........................................... 13
-----------------
11. TERM........................................................ 13
----
12. TIME........................................................ 13
----
13. WAIVER...................................................... 13
------
14. MISCELLANEOUS............................................... 14
-------------
15. GOVERNING LAW............................................... 14
-------------
16. SEVERABILITY................................................ 14
------------
17. DOCUMENTARY STAMPS.......................................... 14
------------------
18. NO THIRD PARTY BENEFICIARIES................................ 14
----------------------------
19. COSTS AND ATTORNEYS FEES.................................... 14
------------------------
20. COMPLETE AGREEMENT.......................................... 15
------------------
21. WAIVER OF JURY TRIAL........................................ 15
--------------------
</TABLE>
EXHIBIT A DESCRIPTION OF PERMITTED ENCUMBRANCES
EXHIBIT B PLACES OF BUSINESS
<PAGE>
AMENDED AND RESTATED SECURITY AGREEMENT
---------------------------------------
THIS AMENDED AND RESTATED SECURITY AGREEMENT (the "Security Agreement")
made and entered into this 21st day of December, 1995, by and between:
AUDIO COMMUNICATIONS NETWORK, INC. F/K/A JOHNSON ELECTRONICS, INC., a
Florida corporation, 1000 Legion Place, Suite 1515, Orlando, Florida
32801 (hereinafter referred to as the "Debtor"),
and
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION, F/K/A SUN BANK,
NATIONAL ASSOCIATION, a national banking association, 200 South Orange
Avenue, Orlando, Florida 32801 (hereinafter referred to as the
"Secured Creditor").
W I T N E S S E T H:
-------------------
WHEREAS, the Secured Creditor previously extended loans to the Debtor and
the Debtor has requested the Secured Creditor to increase and modify said loans;
and
WHEREAS, in order to secure such loans, the Debtor previously executed and
delivered to the Secured Creditor that certain Security Agreement dated July 19,
1989, as amended by amendments dated as of June 1, 1992, as of January 22, 1994,
as of March 1, 1994, and as of June 5, 1995 (as amended, the "Existing Security
Agreement"); and
WHEREAS, the Secured Creditor is unwilling to increase and modify such
loans unless and until the Debtor executes and delivers this Amended and
Restated Security Agreement; and
NOW, THEREFORE, the Debtor and the Secured Creditor agree to amend and
restate the Existing Security Agreement in its entirety as follows:
1. DEFINITIONS. As used in this Security Agreement, the following terms
-----------
and conditions shall have the meanings set forth below:
"Account" shall mean any right of the Debtor, whether or not earned by
-------
performance, to payment for goods or other property (including, without
limitation, the Collateral) sold or leased or for services rendered that is not
evidenced by an Instrument or Chattel Paper, including, without limitation:
<PAGE>
(i) all presently owned and hereafter acquired receivables, including
all open accounts, contract rights, notes, drafts, acceptances, rental
receivables, installment payment obligations and other obligations for or rights
to the payment of money created by the Debtor, or acquired by Debtor from
others;
(ii) all cash and non-cash proceeds thereof, and all contracts,
documents, invoices and other instruments evidencing the same; and
(iii) all collateral security therefor (including guaranties,
mortgages, or security interests) and all of Debtor's rights and remedies in
connection with the Accounts or in connection with any property sold or leased
which is represented thereby.
"Account Debtor" shall mean any person who is obligated on an Account
--------------
or Chattel Paper.
"Chattel Paper" shall mean a writing or writings which evidence both a
-------------
monetary obligation and a security interest in or a lease of specific goods.
"Collateral" shall mean the goods and other property described in
----------
paragraph 2 of this Agreement.
"Copyrights" shall mean the rights to all copyrighted material and all
----------
rights under the copyright laws of the United States belonging or ascribed to
the Debtor.
"Document" shall mean any now owned or hereafter acquired bill of
--------
lading, dock warrant, dock receipt, warehouse receipt or order for the delivery
of goods, and also any other document, whether negotiable or non-negotiable,
which in the regular course of business of financing is treated as adequately
evidencing that the person in possession of it is entitled to receive, hold and
dispose of the document and the goods it covers.
"Equipment" shall mean all now existing and hereafter acquired goods
---------
(other than Inventory) used or bought for use primarily in the Debtor's
business, wherever located, including, but not limited to, machinery, furniture,
furnishings, textures, dies, parts (including spare parts and repair parts) and
tools, together with all fittings, accessories, accessions, additions,
modifications, improvements, equipment and special tools now or hereafter
affixed to any or any part of the foregoing or used in connection with any part
of the foregoing and all replacements of any part thereof and all products and
Proceeds of any of the foregoing.
"Guaranty" shall mean that certain Subsidiary Guaranty Agreement,
--------
dated the date hereof, of the Guarantors guarantying
2
<PAGE>
payment to the Secured Creditor of the Liabilities and all amendments,
supplements, ratifications or replacements thereof.
"Guarantor" or "Guarantors" shall mean collectively or individually,
--------- ----------
as the context may require, American Music Network, Inc., a California
corporation, Audio Communications Network, Inc., f/k/a Music Services, Inc., a
Missouri corporation, Audio Communications Network, Inc., a Maryland corporation
and Florida Audio Engineering Company, a Florida corporation.
"Instrument" shall mean a negotiable instrument or any other writing
----------
which evidences a right to payment of money and is not itself a security
agreement or lease and is of a type which is in ordinary course of business
transferred by delivery with any necessary endorsement or assignment.
"Intangible Assets" shall mean any personal property (including things
-----------------
in action) other than goods, Accounts, Chattel Paper, Documents, Instruments and
money and including, but not limited to all of the Debtor's now owned or
hereafter acquired (i) deferred assets, other than prepaid insurance and
prepaid taxes, (ii) goodwill, manufacturing and processing rights, Patents,
Licenses, franchises (including the Muzak Franchises), permits, Copyrights,
Trademarks, trade secrets, customer lists, tax refund claims, incentive
payments, insurance proceeds, experimental expenses and other similar assets
which would be classified as "intangible assets" under GAAP, (iii) treasury
stock and any write-up of the value of any assets after the date hereof unless
in accordance with GAAP, and (iv) all Proceeds of any and all of the foregoing.
"Inventory" shall mean all of the Debtor's now owned and hereafter
---------
acquired (a) goods, merchandise or personal property, wherever located, held by
the Debtor for sale or lease or to be furnished under contracts of service, (b)
raw materials, (c) work in process, (d) materials used or consumed in the
Debtor's business, (e) materials or supplies used or usable in manufacturing or
processing, (f) packaging and shipping materials, (g) inventory covered by a
warehouse receipt, bill of lading or other negotiable or non-negotiable Document
and (h) returned or repossessed merchandise.
"Liabilities" shall mean any and all of the following:
-----------
(a) Principal and interest and all other monies due or to become
due under the Promissory Note, including any extensions or renewals thereof.
(b) Any and all other liabilities or obligations, primary,
secondary, direct, contingent, sole, joint or several, due or to become due, or
which may be hereafter contracted or acquired of the Debtor to the Secured
Creditor including, but not limited to, any and all loans or other advances,
whether
3
<PAGE>
obligatory or otherwise, which the Secured Creditor may, but is not obligated
to, make to the Debtor at any time in the future.
(c) All other monies (in addition to principal and interest) due
or to become due the Secured Creditor from the Debtor including, but not limited
to, all costs and expenses including attorney's fees which the Secured Creditor
is entitled or permitted for any reason whatsoever to recover under any statute,
promissory note or agreement, including but not limited to, this Security
Agreement and the Promissory Note. As used herein and elsewhere in this Security
Agreement, costs and expenses, including attorney's fees, shall include costs
and expenses incurred by the Secured Creditor in proceeding against the
Collateral or against the Debtor and shall include costs and expenses, including
attorney's fees, which the Secured Creditor may incur or become liable for as a
result of enforcing any of its rights and privileges under this Security
Agreement, whether in any initial suit or an appeal therefrom.
(d) Any future advances that the Secured Creditor may make to
the Debtor, whether discretionary or obligatory, provided, however, that Secured
Creditor shall be under no duty whatsoever by virtue of this Security Agreement
to make any such future advances whatsoever to the Debtor. In the event the
Secured Creditor subsequent to the date of this Security Agreement makes any
advances to the Debtor, said advances shall conclusively be deemed to be and
shall be future advances under this subparagraph and within the definition of
Liabilities as defined herein.
"Licenses" shall mean any license agreement under which the Debtor is
--------
or becomes licensed to use a patent or trademark and any license agreement under
which the Debtor shall license any third party to use any Patent or Trademark of
the Debtor.
"Loan Agreement" shall mean that certain Second Amended and Restated
--------------
Loan Agreement of even date herewith entered into by and between the Debtor and
the Secured Creditor and any and all amendments, modifications, supplements or
restatements thereof.
"Muzak Franchises" shall mean any and all franchise or licensing
----------------
agreements between the Debtor and any Muzak entity pursuant to which the Debtor
is now or may subsequently be authorized to supply Muzak services and products
to its customers, and any and all amendments, modifications, supplements or
replacements thereof.
"Patents" shall mean any U.S. patents and U.S. patent applications,
-------
including, without limitation, the inventions and improvements described and
claimed therein, and the reissues and renewals thereof and all income,
royalties, damages and payments now and hereafter due and/or payable under and
with respect to all U.S. patents and U.S. patent applications, including,
without
4
<PAGE>
limitation, damages and payments for past or future infringements thereof.
"Permitted Encumbrances" shall mean those encumbrances, liens or
----------------------
security interests set forth in Exhibit "A" attached hereto.
"Places of Business" shall mean any location at which the Debtor or
------------------
any Subsidiary conducts its business, including, but not limiting to, the
storage of Inventory, all of which are set forth in Exhibit "B" attached hereto.
"Proceeds" shall mean all cash and non-cash proceeds received upon the
--------
sale, exchange, collection or other disposition of the Collateral, including but
not limited to insurance payable by reason of loss or damage to Collateral;
provided, however, that nothing in this definition shall in and of itself be
- -----------------
construed to grant the Debtor or any Guarantor any authority whatsoever to sell
or otherwise dispose of the Collateral.
"Promissory Note" shall mean that certain Second Renewal, Increase and
---------------
Consolidated Promissory Note executed by the Debtor in favor of the Secured
Creditor dated December 14, 1995 in the face amount of $11,000,000.00, and all
amendments, supplements, renewals and replacements thereof.
"Trademarks" shall mean trademarks, service marks, trademark
----------
registrations, trade names and trademark and trade name registrations and
applications (whether state or federal), and renewals thereof, and all income,
royalties, damages and payments now and hereafter due and/or payable under all
trademarks and trademark applications, including, without limitation, damages
and payments for past or future infringements thereof.
"UCC" shall mean the Florida Uniform Commercial Code as set forth in
---
Chapters 671 through 680, Florida Statutes, as the same may be amended from time
to time.
2. COLLATERAL. As used in this Security Agreement, the term "Collateral"
----------
shall mean and include any and all of the following:
(a) all Accounts, Chattel Paper, Documents, Equipment,
Instruments, Inventory, Intangible Assets and the Proceeds thereof, of the
Debtor whether now owned or hereafter acquired;
(b) to the extent not encumbered above, all of the right, title
and interest of the Debtor, whether now owned or hereinafter acquired, in and to
the goods or other property represented by or securing the Accounts, Chattel
Paper and Instruments;
5
<PAGE>
(c) all rights of the Debtor as an unpaid lienor, including
stoppage in transit, replevin and reclamation;
(d) all monies, bank accounts, balances, credits, deposits,
collections, drafts, bills, notes, securities, and other property of every kind
and nature (whether tangible or intangible) now owned or hereafter acquired by
the Debtor and at any time in the actual or constructive possession of (or in
transit to) the Secured Creditor or its correspondents or agents in any capacity
or for any purpose;
(e) all books, records, ledger cards and other property relating
to (a) through (d) above, including computer programs, tapes and related
software; and
(f) all Proceeds and products of (a) through (e) above.
3. GRANT OF SECURITY INTEREST. To secure the payment of all Liabilities
--------------------------
to the Secured Creditor, the Debtor does hereby grant to the Secured Creditor a
security interest in each and all of the Collateral.
4. REPRESENTATIONS, WARRANTIES AND COVENANTS. The Debtor does hereby
-----------------------------------------
represent and warrant to and covenant with the Secured Creditor as follows:
(a) That the Debtor is the absolute owner of the Collateral free and
clear of all liens and security interests whatsoever except for (i) the security
interest granted the Secured Creditor by this Security Agreement and (ii) the
Permitted Encumbrances.
(b) That the Collateral will be used solely for business purposes.
(c) That the Collateral will be kept at the Places of Business and
the Debtor shall not remove the Collateral from said location(s) without the
prior written consent of Secured Creditor.
(d) That the Debtor will defend the Collateral against the claims and
demands of all persons at any time claiming the same or any interest therein.
(e) That by virtue of this Security Agreement and the perfection of
said security interest in accordance with the provisions of paragraph 7 hereof,
and the execution and delivery of the Subordination Agreements, the Secured
Creditor has a valid, enforceable, perfected and first priority security
interest in the Collateral.
6
<PAGE>
(f) That except for the Permitted Encumbrances, as they presently
exist as of the date of this Security Agreement, the Debtor has not and shall
not grant to any person other than the Secured Creditor a security interest or
any other interest or claim in the Collateral.
(g) That except for financing statements to perfect the Permitted
Encumbrances as filed as of the date of this Security Agreement, there is not
now and will not be filed in the future in any jurisdiction any financing
statement listing any person other than the Secured Creditor as a secured party
covering any or all of the Collateral.
(h) That the Debtor will not permit any liens or security interests
other than (i) the Permitted Encumbrances and (ii) the Secured Creditor's
security interest, to attach to any of the Collateral, permit any of the
Collateral to be levied upon under legal process, permit anything to be done
that may impair the value of any of the Collateral or the security intended to
be afforded by this Security Agreement, or permit the Collateral to be or to
become a fixture (and it is expressly covenanted, warranted and agreed that the
Collateral, and any part thereof, whether affixed to any realty or not, shall be
and remain personal property), or to become an accession to other goods or
property.
(i) That the Debtor will not sell, transfer, lease or otherwise
dispose of any of the Collateral or any interest therein or offer to do so
without the prior written consent of the Secured Creditor provided, however,
that as long as the Debtor is not in default under this Security Agreement, it
may (i) sell its Inventory in the normal and ordinary course of its business and
(ii) replace its Equipment due to depreciation and obsolescence.
(j) That the Debtor will not use the Collateral or permit the
Collateral to be used in violation of any statute or ordinance and the Debtor
shall further comply with all statutes, regulations and ordinances applicable to
the use or its ownership of the Collateral and to its business.
(k) That the Debtor will pay promptly when due all taxes and
assessments upon the Collateral or for its use or operation or upon any note or
notes or other writing evidencing the Liabilities, or any of them.
(l) That during the term of this Security Agreement, the Debtor shall
cause to be maintained on the Collateral insurance in an amount at least equal
to the amount of the Liabilities and shall cause the Secured Creditor to be
noted as a loss payee on said policies. At the request of the Secured Creditor,
the Debtor shall promptly deliver to the Secured Creditor said policies of
insurance along with certificates
7
<PAGE>
reflecting the Secured Creditor as a loss payee and providing for not less than
thirty (30) days notice to the Secured Creditor prior to expiration or
cancellation of same, and the Secured Creditor shall be entitled to retain in
its possession said policies or certificates.
(m) That at its option, the Secured Creditor may discharge taxes,
liens or security interests or encumbrances at any time levied upon or placed on
the Collateral, including, but not limited to, any Permitted Encumbrances, may
pay for insurance on the Collateral, and may pay for the maintenance and
preservation of the Collateral provided, however, the Secured Creditor shall be
under no duty or obligation to do so. The Debtor agrees to immediately reimburse
the Secured Creditor on demand for any such payments made or any expenses
incurred by the Secured Creditor together with interest at the highest rate
permitted by law, pursuant to the foregoing authorization.
(n) That the Debtor's principal place of business is the address
specified in the preamble to this Security Agreement and it will promptly give
the Secured Creditor written notice of any change, provided, however, that said
principal place of business may not be removed from the County where the Debtor
is now located without the prior written consent of the Secured Creditor. The
Debtor further represents and warrants that all of its business records,
including those pertaining to all its accounts, shall be kept at the above
stated address. The Secured Creditor shall have the right at all times to
review, examine and make abstracts from said business records.
(o) That the Secured Creditor shall have the right at all times to
inspect and examine the Collateral and to make schedules and listings thereof.
(p) That the Debtor shall not be dissolved or be consolidated or
merged with any other entity without the prior written consent of the Secured
Creditor nor shall the Debtor transfer (other than in the ordinary course of its
business as permitted herein) a substantial part of its assets.
(q) That the Debtor will immediately notify the Secured Creditor if
the Debtor suffers or permits any substantial or material changes in management
or suffers or experiences any adverse financial change.
(r) That the Debtor will maintain the Collateral in good condition
and repair and shall undertake and perform such other functions as may be
necessary to keep and maintain the Collateral in good condition and repair.
(s) That the Debtor, at the request of the Secured Creditor, shall
furnish to the Secured Creditor such financial statements of and financial
information relating to the Debtor
8
<PAGE>
and its business and the Collateral, as the Secured Creditor may request and in
such form as the Secured Creditor may request from time to time.
(t) That the Debtor shall at all times pay and keep current all
Permitted Encumbrances and shall not default thereunder, but shall not make any
prepayments thereunder.
(u) That the Debtor shall at all times fully and timely perform its
obligations under the Muzak Franchises and maintain them in full force and
effect, and promptly provide the Secured Creditor with copies of any
correspondence, or claims or advise the Secured Creditor of any oral
communications received from the franchisor claiming that a default exists under
any such franchise or advising that any of such franchises will not be renewed
or is being terminated for any reason.
All of the foregoing representations, warranties and covenants shall be
true and correct throughout the term of this Security Agreement and shall be
fulfilled and maintained by the Debtor throughout the term hereof.
5. DEFAULT. The occurrence of one or more of the following events shall
-------
constitute a default in this Security Agreement:
(a) The failure or omission of the Debtor to pay when due any
Liability, including but not limited to, the failure to pay when due any payment
of interest and/or principal of the Promissory Notes.
(b) The failure of the Debtor to keep, observe or perform any term or
condition of this Security Agreement required hereunder to be kept, observed or
performed by the Debtor.
(c) The failure of the Debtor or any Guarantor to keep, observe or
perform any term or condition of any loan document, including the Loan
Agreement, the Promissory Note, the Guaranty, and this Security Agreement, and
any other loan agreement, security agreement or other loan document evidencing,
securing or relating to the Liabilities required thereunder to be kept, observed
or performed by the Debtor or such Guarantor.
(d) The making or furnishing by the Debtor to the Secured Creditor of
any representation, warranty or covenant in connection with this Security
Agreement which is false.
(e) The making of an assignment by the Debtor for the benefit of its
creditors.
(f) The commencement of proceedings in bankruptcy for reorganization
of the Debtor or for the adjustment of any of its
9
<PAGE>
debts under the Bankruptcy Code or under any law, whether state or federal, now
or hereafter existing for the relief of debtors.
(g) The appointment of a receiver or trustee for the Debtor or for
any substantial part of its assets, or the institution of any proceedings for
the dissolution, or the full or partial liquidation of the Debtor.
(h) The Debtor becomes insolvent or unable to pay debts as they
mature.
(i) The termination or non-renewal of any of the Muzak Franchises for
any reason.
A default under this Security Agreement shall constitute a default under
the terms and conditions of all promissory notes then existing and executed by
the Debtor in favor of the Secured Creditor and shall also be and constitute a
default under all promissory notes and other agreements then existing and which
evidence in any way any Liability to the Secured Creditor including, but not
limited to, any other loan documents or loan agreement between the Debtor and
the Secured Creditor.
6. RIGHTS UPON DEFAULT. Upon the occurrence of any default under this
-------------------
Security Agreement and the expiration of any applicable cure period, or whenever
the Secured Creditor feels insecure for any reason whatsoever, the Secured
Creditor shall have and may exercise any or all of the following rights:
(a) To declare the Liabilities, or any of them (notwithstanding any
provision thereof), immediately due and payable without demand or notice of any
kind and the same thereupon shall immediately become due and payable without
demand or notice, and from and after the date of default the amount due on the
Liabilities shall from and thereafter bear interest at the maximum rate of
interest permitted from time to time under Florida law.
(b) To exercise from time to time any and all rights and remedies of
a secured party under the UCC and any and all rights and remedies available to
it under any other applicable law.
(c) To request the Debtor to assemble at its expense the Collateral
and make it available to the Secured Creditor at a convenient place acceptable
to the Secured Creditor and, upon the making of said request, the Debtor shall
promptly comply with said request.
(d) To give notice to and make demand upon all Account Debtors to
make payments directly to the Secured Party on all Accounts.
10
<PAGE>
(e) To seize and take possession of the Collateral and dispose of
same under the UCC and, in such case, if any notice is required under applicable
law the giving of five (5) days written notice to the Debtor at its address set
forth herein shall constitute reasonable notice to the Debtor provided, however,
the Secured Creditor shall not by virtue of this Security Agreement be obligated
to give any such notice to the Debtor. If the Debtor wishes to change its
address at which said notice is to be given, the burden shall be upon the Debtor
to so notify the Secured Party in writing and unless or until said notice is
given, all notices sent to the Debtor at the address set forth herein shall be
effective and valid notice to the Debtor. In the event of default, the Debtor
expressly authorizes the Secured Creditor to enter upon all property owned by
the Debtor for the purpose of taking into custody and seizing any and all of the
Collateral. In the event of repossession of any or all of the Collateral, the
Debtor authorizes the Secured Creditor to take into his possession any personal
property found in or on the Collateral and to hold the same until claimed by the
Debtor and in the event such personal property is not claimed within a
reasonable time (not greater than ten (10) days) by the Debtor, the Secured
Creditor is authorized to dispose of same in the same manner as the Collateral
is disposed of and to apply the proceeds resulting therefrom to the Liabilities.
(f) To immediately offset against the Liabilities all other monies
due or to become due the Debtor from the Secured Creditor, whether said monies
are due or are to become due under this Security Agreement, or any other
relationship whatsoever between the Debtor and the Secured Creditor.
All proceeds resulting from the disposition of any of the Collateral or the
exercise by the Secured Creditor of any of its rights under this Security
Agreement shall be applied without any marshalling of assets first to the
expenses of retaking and preparing the Collateral for sale including expenses of
sale, next to other costs and attorneys' fees incurred by the Secured Creditor
in exercising its rights under this Security Agreement, next to the payment of
interest and/or principal due on the Liabilities, as the Secured Creditor may
determine, and finally to any other moneys due the Secured Creditor from the
Debtor. Should any deficiency result after disposition of the Collateral, the
Debtor shall remain liable for any deficiency.
7. PERFECTION. In order to perfect the security interest in the
----------
Collateral granted to the Secured Creditor by the Debtor hereunder, the Debtor
agrees to execute and deliver to the Secured Creditor any and all documents
which are, in the opinion of the Secured Creditor or its counsel, necessary so
as to perfect said security interest including, but not limited to, execution of
appropriate UCC-1 financing statements to be filed with the Florida Secretary of
State and with the appropriate
11
<PAGE>
filing officer in such other jurisdictions where any of the Collateral is or may
be located.
The Debtor further authorizes the Secured Party to file, in jurisdictions
where this authorization will be given effect, financing statements signed only
by the Secured Creditor describing the Collateral in the same manner as it is
described herein, and, from time to time, at the request of the Secured
Creditor, the Debtor will execute one or more financing statements and such
other documents (and pay the cost of filing and recording same in all public
offices deemed necessary or desirable by the Secured Creditor) and do such other
acts and things, all as the Secured Creditor may request to establish and
maintain a valid, enforceable and perfected security interest in the Collateral
(free of all other liens and claims whatsoever except for the Permitted
Encumbrances) to secure payment of the Liabilities including, without
limitation, the deposit with the Secured Creditor of any certificate of title
applicable to any of the Collateral and notation thereon of the security
interest hereunder along with any necessary documents including notices of
liens. At the request of the Secured Creditor, this Security Agreement executed
by the Debtor, or a photocopy thereof, shall be deemed to be a financing
statement authorized to be filed in such jurisdictions where such filing will be
given effect.
The Debtor shall pay all costs of filing any financing statement and all
other costs of perfecting the security interest granted hereunder.
8. OTHER DOCUMENTS. During the term of this Security Agreement, the
---------------
Debtor agrees to execute any and all other documents which are, in the opinion
of the Secured Creditor or its counsel, necessary to carry out the terms and
conditions of this Security Agreement including the granting of a perfected,
valid and enforceable security interest in the Collateral to the Secured
Creditor.
9. NOTICE. All notices under this Security Agreement shall be in writing
------
and along with all other documents permitted or required to be given under this
Security Agreement shall be deemed to have been given, (i) in the case of
delivery, when delivered to the address set forth in the preamble to this
Security Agreement and addressed to the party involved, (ii) in the case of
mailing, on the third (3rd) business day after said document has been deposited
in the United States Mails, postage prepaid, and sent by certified or registered
mail and addressed to the other party at the address as set forth in the
preamble to this Security Agreement, and (iii) in all other cases when the same
has been actually received by the other party. Either party hereto may change
the address at which said notices are to be sent by the giving of notice of such
change to the other party as set forth herein. In the event the Secured
Creditor is a corporation, all notices sent to the Secured Creditor shall not
12
<PAGE>
be deemed to have been given unless they are given or sent to the attention of
the loan officer in charge of the account of the Debtor and in the event there
is no such loan officer then to the President of the Secured Creditor.
10. POWER OF ATTORNEY. The Debtor does hereby appoint the Secured
-----------------
Creditor as its attorney-in-fact to execute any and all documents which the
Debtor is required to execute under the Security Agreement including, but not
limited to, all financing statements and other documents which the Debtor is
obligated to execute and deliver under the provisions of paragraph 7 hereof, and
the Debtor further appoints the Secured Creditor as its attorney-in-fact to
endorse in the Debtor's name all checks, drafts and other instruments
representing or constituting payments made on the Collateral in which are made
or delivered to the Secured Creditor in accordance with this Security Agreement.
The power of attorney granted herein shall be irrevocable and be deemed coupled
with an interest.
11. TERM. This Security Agreement and the rights and privileges granted
----
hereunder to the Secured Creditor shall continue and remain in full force and
effect until all Liabilities have been paid in full to the Secured Creditor, and
the Debtor has no further right to obtain any advances or other disbursements
from the Secured Creditor. At such time, this Security Agreement shall be
marked "Cancelled" and returned to the Debtor and the Secured Creditor shall
further execute a termination statement in regard to any financing statement
that solely relates to the Collateral. Until this Security Agreement has been
so marked "Cancelled" and returned to the Debtor, this Security Agreement shall
continue to secure all Liabilities and, at its option, the Secured Creditor may
retain this Security Agreement and maintain the validity of any security
interest granted hereunder and financing statements relating thereto for a
period not to exceed one hundred twenty (120) days after all Liabilities have
been paid in full and, in such event, if the Debtor has not filed and there has
not been filed against it any bankruptcy proceeding under the Bankruptcy Code
during said period, the Secured Creditor shall then cancel this Security
Agreement and terminate any financing statements as set forth herein.
12. TIME. Time is of the essence for the purposes of this Security
----
Agreement.
13. WAIVER. No waiver by the Secured Creditor of any default shall
------
operate as a waiver of any other default or of the same default on a future
occasion. No delay or omission on the part of the Secured Creditor in
exercising any right or remedy shall operate as a waiver thereof, and no single
or partial exercise by the Secured Creditor of any right or remedy shall include
any other or further exercise thereof or the exercise of any other right or
remedy. The Debtor further waives all notices
13
<PAGE>
whatsoever that the Debtor may be entitled to under any contract or statute
including presentment, notice of dishonor, protest or notice of protest.
14. MISCELLANEOUS. The provisions of this Security Agreement are
-------------
cumulative and are in addition to the provisions of any note secured by this
Security Agreement and the Secured Creditor shall have all the benefits, rights
and remedies on any note secured hereby. If more than one party shall execute
this Security Agreement, the term "Debtor" will mean all parties signing this
Security Agreement and each of them, and all such parties shall be jointly and
severally obligated and liable hereunder. The singular pronoun, when used
herein, shall include masculine and feminine. All rights of Secured Creditor
hereunder shall inure to the benefits of its successors and assigns and all
duties of benefits of its successors and assigns and all duties of obligations
of the Debtor hereunder shall bind the heirs, executors, administrators,
successors and assigns of each Debtor.
15. GOVERNING LAW. This Security Agreement has been delivered in the
-------------
State of Florida and shall be construed in accordance with and governed by the
laws of Florida.
16. SEVERABILITY. Whenever possible, each provision of this Security
------------
Agreement shall be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision of this Security Agreement shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Security Agreement provided, however, if such invalidity adversely affects the
substantial rights of the Secured Creditor under this Security Agreement, all
the Liability shall immediately become due and payable in full.
17. DOCUMENTARY STAMPS. The Debtor shall pay all documentary stamps,
------------------
intangible tax, as well as all other taxes and penalties due on any notes
evidencing any of the Liabilities and the Debtor further agrees to indemnify and
hold Secured Creditor harmless from and against any and all such documentary
stamps, intangible taxes and penalties.
18. NO THIRD PARTY BENEFICIARIES. It is the intent and understanding of
----------------------------
the Debtor and the Secured Creditor that this Security Agreement is solely
between them and for their benefit and, accordingly, no party other than the
Debtor and the Secured Creditor shall have any rights or privileges under this
Security Agreement either as third party beneficiaries or otherwise.
19. COSTS AND ATTORNEYS FEES. In the event of any default under this
------------------------
Security Agreement or the exercise by the Secured Creditor of any of its rights
hereunder, the Debtor shall promptly pay to the Secured Creditor all such costs
and expenses,
14
<PAGE>
including attorney's fees. All such costs and expenses, including attorney's
fees, shall further be deemed to be within the term "Liability" and secured by
the Collateral. As used in this Security Agreement, costs and attorney's fees,
shall mean costs and attorney's fees incurred in any suit, including any appeal
therefrom.
20. COMPLETE AGREEMENT. This Security Agreement constitutes the complete
------------------
agreement between the parties in regard to the matters set forth herein and this
Security Agreement may not be altered, amended or otherwise modified except by a
writing signed by the person to be charged by said alteration, amendment or
modification. This requirement that this Security Agreement may not be altered,
amended or modified except by a writing, may not itself be waived except by a
writing.
21. WAIVER OF JURY TRIAL. THE DEBTOR AND THE SECURED CREDITOR HEREBY EACH
--------------------
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY, AFTER CAREFUL CONSIDERATION AND AN
OPPORTUNITY TO SEEK LEGAL ADVICE, WAIVE THEIR RESPECTIVE RIGHTS TO HAVE A TRIAL
BY JURY IN RESPECT OF ANY LITIGATION ARISING OUT OF OR IN ANY WAY CONNECTED WITH
ANY OF THE PROVISIONS OF THIS SECURITY AGREEMENT, THE LOAN AGREEMENT, THE
PROMISSORY NOTES, OR ANY OTHER LOAN DOCUMENTS EXECUTED IN CONJUNCTION WITH THE
LOAN.
IN WITNESS WHEREOF, the Debtor has executed this Security Agreement as of
the date and year first above written.
ATTEST AUDIO COMMUNICATIONS NETWORK, INC., F/K/A JOHNSON
ELECTRONICS, INC.
/s/ Doris K. Krummenacker By: /s/ A. J. Schell, President
- ---------------------------- --------------------------------
Doris K. Krummenacker, A. J. Schell, President
Secretary
(CORPORATE SEAL)
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL
ASSOCIATION, F/K/A SUN BANK, NATIONAL ASSOCIATION
By:/s/ Lee W. wright
----------------------------
Lee W. Wright,
Vice President
15
<PAGE>
EXHIBIT A
---------
DESCRIPTION OF PERMITTED ENCUMBRANCES
-------------------------------------
NONE
<PAGE>
EXHIBIT B
---------
PLACES OF BUSINESS
------------------
1000 Legion Place #1515
Orlando, Florida 312801
<PAGE>
________________________________________________________________________________
________________________________________________________________________________
AMENDED AND RESTATED
SECURITY AGREEMENT
By and Between
AUDIO COMMUNICATIONS NETWORK, INC.
F/K/A MUSIC SERVICES, INC.,
A MISSOURI CORPORATION
(the Debtor)
And
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION,
F/K/A SUN BANK, NATIONAL ASSOCIATION
(the Secured Creditor)
December 21, 1995
________________________________________________________________________________
________________________________________________________________________________
<PAGE>
TABLE OF CONTENTS
-----------------
(The Table of Contents for this Security Agreement is for convenience of
reference only and is not intended to define, limit or describe the scope or
intent of any provisions of this Security Agreement.)
<TABLE>
<CAPTION>
Paragraph Caption Page
------- ----
Number
------
<S> <C> <C>
1. DEFINITIONS............................................................ 1
-----------
2. COLLATERAL............................................................. 5
----------
3. GRANT OF SECURITY INTEREST............................................. 6
--------------------------
4. REPRESENTATIONS, WARRANTIES AND COVENANTS.............................. 6
-----------------------------------------
5. DEFAULT................................................................ 9
-------
6. RIGHTS UPON DEFAULT.................................................... 10
-------------------
7. PERFECTION............................................................. 11
----------
8. OTHER DOCUMENTS........................................................ 12
---------------
9. NOTICE................................................................. 12
------
10. POWER OF ATTORNEY...................................................... 13
-----------------
11. TERM................................................................... 13
----
12. TIME................................................................... 13
----
13. WAIVER................................................................. 13
------
14. MISCELLANEOUS.......................................................... 14
-------------
15. GOVERNING LAW.......................................................... 14
-------------
16. SEVERABILITY........................................................... 14
------------
17. DOCUMENTARY STAMPS..................................................... 14
------------------
18. NO THIRD PARTY BENEFICIARIES........................................... 14
----------------------------
19. COSTS AND ATTORNEYS FEES............................................... 15
------------------------
20. COMPLETE AGREEMENT..................................................... 15
------------------
21. WAIVER OF JURY TRIAL................................................... 15
--------------------
</TABLE>
EXHIBIT A DESCRIPTION OF PERMITTED ENCUMBRANCES
EXHIBIT B PLACES OF BUSINESS
<PAGE>
AMENDED AND RESTATED SECURITY AGREEMENT
---------------------------------------
THIS AMENDED AND RESTATED SECURITY AGREEMENT (the "Security Agreement")
made and entered into this 21st day of December, 1995, by and between:
AUDIO COMMUNICATIONS NETWORK, INC., F/K/A MUSIC SERVICES, INC., a
Missouri corporation, 1636 Broadway, Kansas City, Missouri 63132
(hereinafter referred to as the "Debtor"),
and
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION, F/K/A SUN BANK,
NATIONAL ASSOCIATION, a national banking association, 200 South Orange
Avenue, Orlando, Florida 32801 (hereinafter referred to as the
"Secured Creditor").
W I T N E S S E T H:
-------------------
WHEREAS, the Secured Creditor previously extended certain loans to Audio
Communications Network, Inc. f/k/a Johnson Electronics, Inc., a Florida
corporation (the "Borrower"); and
WHEREAS, the Borrower has requested the Secured Creditor to increase and
modify said loans; and
WHEREAS, in order to secure such loans, the Debtor previously executed and
delivered to the Secured Creditor that certain Security Agreement dated July 19,
1989, as amended by amendments dated as of March 1, 1994 and as of June 5, 1995
(the "Existing Security Agreement"); and
WHEREAS, the Secured Creditor is unwilling to make increase and modify such
loans unless and until the Debtor executed and delivered this Amended and
Restated Security Agreement;
NOW, THEREFORE, the Debtor and the Secured Creditor agree to amend and
restate the Existing Security Agreement in its entirety as follows:
1. DEFINITIONS. As used in this Security Agreement, the following terms
-----------
and conditions shall have the meanings set forth below:
"Account" shall mean any right of the Debtor, whether or not earned by
-------
performance, to payment for goods or other property (including, without
limitation, the Collateral) sold or
<PAGE>
leased or for services rendered that is not evidenced by an Instrument or
Chattel Paper, including, without limitation:
(i) all presently owned and hereafter acquired receivables,
including all open accounts, contract rights, notes, drafts, acceptances, rental
receivables, installment payment obligations and other obligations for or rights
to the payment of money created by the Debtor, or acquired by Debtor from
others;
(ii) all cash and non-cash proceeds thereof, and all contracts,
documents, invoices and other instruments evidencing the same; and
(iii) all collateral security therefor (including guaranties,
mortgages, or security interests) and all of Debtor's rights and remedies in
connection with the Accounts or in connection with any property sold or leased
which is represented thereby.
"Account Debtor" shall mean any person who is obligated on an Account
--------------
or Chattel Paper.
"Borrower" shall mean Audio Communications Network, Inc., f/k/a
--------
Johnson Electronics, Inc., a Florida corporation.
"Chattel Paper" shall mean a writing or writings which evidence both a
-------------
monetary obligation and a security interest in or a lease of specific goods.
"Collateral" shall mean the goods and other property described in
----------
paragraph 2 of this Agreement.
"Copyrights" shall mean the rights to all copyrighted material and all
----------
rights under the copyright laws of the United States belonging or ascribed to
the Debtor.
"Document" shall mean any now owned or hereafter acquired bill of
--------
lading, dock warrant, dock receipt, warehouse receipt or order for the delivery
of goods, and also any other document, whether negotiable or non-negotiable,
which in the regular course of business of financing is treated as adequately
evidencing that the person in possession of it is entitled to receive, hold and
dispose of the document and the goods it covers.
"Equipment" shall mean all now existing and hereafter acquired goods
---------
(other than Inventory) used or bought for use primarily in the Debtor's
business, wherever located, including, but not limited to, machinery, furniture,
furnishings, textures, dies, parts (including spare parts and repair parts) and
tools, together with all fittings, accessories, accessions, additions,
modifications, improvements, equipment and special tools now or hereafter
affixed to any or any part of the foregoing or used in
2
<PAGE>
connection with any part of the foregoing and all replacements of any part
thereof and all products and Proceeds of any of the foregoing.
"Guaranty" shall mean that certain Subsidiary Guaranty Agreement,
--------
dated the date hereof, of the Guarantors guarantying payment to the Secured
Creditor of the Liabilities and all amendments, supplements, ratifications or
replacements thereof.
"Guarantor" or "Guarantors" shall mean collectively or individually,
--------- ----------
as the context may require, American Music Network, Inc., a California
corporation, Audio Communications Network, Inc., f/k/a Music Services, Inc., a
Missouri corporation, Audio Communications Network, Inc., a Maryland corporation
and Florida Audio Engineering Company, a Florida corporation.
"Instrument" shall mean a negotiable instrument or any other writing
----------
which evidences a right to payment of money and is not itself a security
agreement or lease and is of a type which is in ordinary course of business
transferred by delivery with any necessary endorsement or assignment.
"Intangible Assets" shall mean any personal property (including things
-----------------
in action) other than goods, Accounts, Chattel Paper, Documents, Instruments and
money and including, but not limited to all of the Debtor's now owned or
hereafter acquired (i) deferred assets, other than prepaid insurance and
prepaid taxes, (ii) goodwill, manufacturing and processing rights, Patents,
Licenses, franchises (including the Muzak Franchises), permits, Copyrights,
Trademarks, trade secrets, customer lists, tax refund claims, incentive
payments, insurance proceeds, experimental expenses and other similar assets
which would be classified as "intangible assets" under GAAP, (iii) treasury
stock and any write-up of the value of any assets after the date hereof unless
in accordance with GAAP, and (iv) all Proceeds of any and all of the foregoing.
"Inventory" shall mean all of the Debtor's now owned and hereafter
---------
acquired (a) goods, merchandise or personal property, wherever located, held by
the Debtor for sale or lease or to be furnished under contracts of service, (b)
raw materials, (c) work in process, (d) materials used or consumed in the
Debtor's business, (e) materials or supplies used or usable in manufacturing or
processing, (f) packaging and shipping materials, (g) inventory covered by a
warehouse receipt, bill of lading or other negotiable or non-negotiable Document
and (h) returned or repossessed merchandise.
"Liabilities" shall mean any and all of the following:
-----------
(a) Principal and interest and all other monies due or to become
due under the Promissory Note, including any extensions or renewals thereof.
3
<PAGE>
(b) Any and all other liabilities or obligations, primary,
secondary, direct, contingent, sole, joint or several, due or to become due, or
which may be hereafter contracted or acquired of the Debtor or the Borrower to
the Secured Creditor including, but not limited to, any and all loans or other
advances, whether obligatory or otherwise, which the Secured Creditor may, but
is not obligated to, make to the Debtor or the Borrower at any time in the
future.
(c) All other monies (in addition to principal and interest) due
or to become due the Secured Creditor from the Debtor or the Borrower including,
but not limited to, all costs and expenses including attorney's fees which the
Secured Creditor is entitled or permitted for any reason whatsoever to recover
under any statute, promissory note or agreement, including but not limited to,
this Security Agreement and the Promissory Note. As used herein and elsewhere in
this Security Agreement, costs and expenses, including attorney's fees, shall
include costs and expenses incurred by the Secured Creditor in proceeding
against the Collateral or against the Debtor or the Borrower and shall include
costs and expenses, including attorney's fees, which the Secured Creditor may
incur or become liable for as a result of enforcing any of its rights and
privileges under this Security Agreement, whether in any initial suit or an
appeal therefrom.
(d) Any future advances that the Secured Creditor may make to the
Debtor or the Borrower, whether discretionary or obligatory, provided, however,
that Secured Creditor shall be under no duty whatsoever by virtue of this
Security Agreement to make any such future advances whatsoever to the Debtor or
the Borrower. In the event the Secured Creditor subsequent to the date of this
Security Agreement makes any advances to the Debtor or the Borrower, said
advances shall conclusively be deemed to be and shall be future advances under
this subparagraph and within the definition of Liabilities as defined herein.
"Licenses" shall mean any license agreement under which the Debtor is
--------
or becomes licensed to use a patent or trademark and any license agreement under
which the Debtor shall license any third party to use any Patent or Trademark of
the Debtor.
"Loan Agreement" shall mean that certain Second Amended and Restated
--------------
Loan Agreement of even date herewith entered into by and between the Borrower
and the Secured Creditor and any and all amendments, modifications, supplements
or restatements thereof.
"Muzak Franchises" shall mean any and all franchise or licensing
----------------
agreements between the Debtor and any Muzak entity pursuant to which the Debtor
is now or may subsequently be authorized to supply Muzak services and products
to its customers, and any and all amendments, modifications, supplements or
replacements thereof.
4
<PAGE>
"Patents" shall mean any U.S. patents and U.S. patent applications,
-------
including, without limitation, the inventions and improvements described and
claimed therein, and the reissues and renewals thereof and all income,
royalties, damages and payments now and hereafter due and/or payable under and
with respect to all U.S. patents and U.S. patent applications, including,
without limitation, damages and payments for past or future infringements
thereof.
"Permitted Encumbrances" shall mean those encumbrances, liens or
----------------------
security interests set forth in Exhibit "A" attached hereto.
"Places of Business" shall mean any location at which the Debtor or
------------------
any Subsidiary conducts its business, including, but not limiting to, the
storage of Inventory, all of which are set forth in Exhibit "B" attached hereto.
"Proceeds" shall mean all cash and non-cash proceeds received upon the
--------
sale, exchange, collection or other disposition of the Collateral, including but
not limited to insurance payable by reason of loss or damage to Collateral;
provided, however, that nothing in this definition shall in and of itself be
- -----------------
construed to grant the Debtor or any Guarantor any authority whatsoever to sell
or otherwise dispose of the Collateral.
"Promissory Note" shall mean that certain Second Renewal, Increase and
---------------
Consolidated Promissory Note executed by the Borrower in favor of the Secured
Creditor dated December 14, 1995 in the face amount of $11,000,000.00, and all
amendments, supplements, renewals and replacements thereof.
"Trademarks" shall mean trademarks, service marks, trademark
----------
registrations, trade names and trademark and trade name registrations and
applications (whether state or federal), and renewals thereof, and all income,
royalties, damages and payments now and hereafter due and/or payable under all
trademarks and trademark applications, including, without limitation, damages
and payments for past or future infringements thereof.
"UCC" shall mean the Florida Uniform Commercial Code as set forth in
---
Chapters 671 through 680, Florida Statutes, as the same may be amended from time
to time.
2. COLLATERAL. As used in this Security Agreement, the term "Collateral"
----------
shall mean and include any and all of the following:
(a) all Accounts, Chattel Paper, Documents, Equipment,
Instruments, Inventory, Intangible Assets and the Proceeds thereof, of the
Debtor whether now owned or hereafter acquired;
5
<PAGE>
(b) to the extent not encumbered above, all of the right, title
and interest of the Debtor, whether now owned or hereinafter acquired, in and to
the goods or other property represented by or securing the Accounts, Chattel
Paper and Instruments;
(c) all rights of the Debtor as an unpaid lienor, including
stoppage in transit, replevin and reclamation;
(d) all monies, bank accounts, balances, credits, deposits,
collections, drafts, bills, notes, securities, and other property of every kind
and nature (whether tangible or intangible) now owned or hereafter acquired by
the Debtor and at any time in the actual or constructive possession of (or in
transit to) the Secured Creditor or its correspondents or agents in any capacity
or for any purpose;
(e) all books, records, ledger cards and other property relating
to (a) through (d) above, including computer programs, tapes and related
software; and
(f) all Proceeds and products of (a) through (e) above.
3. GRANT OF SECURITY INTEREST. To secure the payment of all Liabilities
--------------------------
to the Secured Creditor, the Debtor does hereby grant to the Secured Creditor a
security interest in each and all of the Collateral.
4. REPRESENTATIONS, WARRANTIES AND COVENANTS. The Debtor does hereby
-----------------------------------------
represent and warrant to and covenant with the Secured Creditor as follows:
(a) That the Debtor is the absolute owner of the Collateral free and
clear of all liens and security interests whatsoever except for (i) the security
interest granted the Secured Creditor by this Security Agreement and (ii) the
Permitted Encumbrances.
(b) That the Collateral will be used solely for business purposes.
(c) That the Collateral will be kept at the Places of Business and the
Debtor shall not remove the Collateral from said location(s) without the prior
written consent of Secured Creditor.
(d) That the Debtor will defend the Collateral against the claims and
demands of all persons at any time claiming the same or any interest therein.
(e) That by virtue of this Security Agreement and the perfection of
said security interest in accordance with the
6
<PAGE>
provisions of paragraph 7 hereof, and the execution and delivery of the
Subordination Agreements, the Secured Creditor has a valid, enforceable,
perfected and first priority security interest in the Collateral.
(f) That except for the Permitted Encumbrances, as they presently
exist as of the date of this Security Agreement, the Debtor has not and shall
not grant to any person other than the Secured Creditor a security interest or
any other interest or claim in the Collateral.
(g) That except for financing statements to perfect the Permitted
Encumbrances as filed as of the date of this Security Agreement, there is not
now and will not be filed in the future in any jurisdiction any financing
statement listing any person other than the Secured Creditor as a secured party
covering any or all of the Collateral.
(h) That the Debtor will not permit any liens or security interests
other than (i) the Permitted Encumbrances and (ii) the Secured Creditor's
security interest, to attach to any of the Collateral, permit any of the
Collateral to be levied upon under legal process, permit anything to be done
that may impair the value of any of the Collateral or the security intended to
be afforded by this Security Agreement, or permit the Collateral to be or to
become a fixture (and it is expressly covenanted, warranted and agreed that the
Collateral, and any part thereof, whether affixed to any realty or not, shall be
and remain personal property), or to become an accession to other goods or
property.
(i) That the Debtor will not sell, transfer, lease or otherwise
dispose of any of the Collateral or any interest therein or offer to do so
without the prior written consent of the Secured Creditor provided, however,
that as long as the Debtor is not in default under this Security Agreement, it
may (i) sell its Inventory in the normal and ordinary course of its business and
(ii) replace its Equipment due to depreciation and obsolescence.
(j) That the Debtor will not use the Collateral or permit the
Collateral to be used in violation of any statute or ordinance and the Debtor
shall further comply with all statutes, regulations and ordinances applicable to
the use or its ownership of the Collateral and to its business.
(k) That the Debtor will pay promptly when due all taxes and
assessments upon the Collateral or for its use or operation or upon any note or
notes or other writing evidencing the Liabilities, or any of them.
(l) That during the term of this Security Agreement, the Debtor shall
cause to be maintained on the Collateral
7
<PAGE>
insurance in an amount at least equal to the amount of the Liabilities and shall
cause the Secured Creditor to be noted as a loss payee on said policies. At the
request of the Secured Creditor, the Debtor shall promptly deliver to the
Secured Creditor said policies of insurance along with certificates reflecting
the Secured Creditor as a loss payee and providing for not less than thirty (30)
days notice to the Secured Creditor prior to expiration or cancellation of same,
and the Secured Creditor shall be entitled to retain in its possession said
policies or certificates.
(m) That at its option, the Secured Creditor may discharge taxes,
liens or security interests or encumbrances at any time levied upon or placed on
the Collateral, including, but not limited to, any Permitted Encumbrances, may
pay for insurance on the Collateral, and may pay for the maintenance and
preservation of the Collateral provided, however, the Secured Creditor shall be
under no duty or obligation to do so. The Debtor agrees to immediately
reimburse the Secured Creditor on demand for any such payments made or any
expenses incurred by the Secured Creditor together with interest at the highest
rate permitted by law, pursuant to the foregoing authorization.
(n) That the Debtor's principal place of business is the address
specified in the preamble to this Security Agreement and it will promptly give
the Secured Creditor written notice of any change, provided, however, that said
principal place of business may not be removed from the County where the Debtor
is now located without the prior written consent of the Secured Creditor. The
Debtor further represents and warrants that all of its business records,
including those pertaining to all its accounts, shall be kept at the above
stated address. The Secured Creditor shall have the right at all times to
review, examine and make abstracts from said business records.
(o) That the Secured Creditor shall have the right at all times to
inspect and examine the Collateral and to make schedules and listings thereof.
(p) That the Debtor shall not be dissolved or be consolidated or
merged with any other entity without the prior written consent of the Secured
Creditor nor shall the Debtor transfer (other than in the ordinary course of its
business as permitted herein) a substantial part of its assets.
(q) That the Debtor will immediately notify the Secured Creditor if
the Debtor suffers or permits any substantial or material changes in management
or suffers or experiences any adverse financial change.
(r) That the Debtor will maintain the Collateral in good condition and
repair and shall undertake and perform such
8
<PAGE>
other functions as may be necessary to keep and maintain the Collateral in good
condition and repair.
(s) That the Debtor, at the request of the Secured Creditor, shall
furnish to the Secured Creditor such financial statements of and financial
information relating to the Debtor and its business and the Collateral, as the
Secured Creditor may request and in such form as the Secured Creditor may
request from time to time.
(t) That the Debtor shall at all times pay and keep current all
Permitted Encumbrances and shall not default thereunder, but shall not make any
prepayments thereunder.
(u) That the Debtor shall at all times fully and timely perform its
obligations under the Muzak Franchises and maintain them in full force and
effect, and promptly provide the Secured Creditor with copies of any
correspondence, or claims or advise the Secured Creditor of any oral
communications received from the franchisor claiming that a default exists under
any such franchise or advising that any of such franchises will not be renewed
or is being terminated for any reason.
All of the foregoing representations, warranties and covenants shall be
true and correct throughout the term of this Security Agreement and shall be
fulfilled and maintained by the Debtor throughout the term hereof.
5. DEFAULT. The occurrence of one or more of the following events shall
-------
constitute a default in this Security Agreement:
(a) The failure or omission of the Borrower or Debtor to pay when due
any Liability, including but not limited to, the failure to pay when due any
payment of interest and/or principal of the Promissory Notes.
(b) The failure of the Debtor to keep, observe or perform any term or
condition of this Security Agreement required hereunder to be kept, observed or
performed by the Debtor.
(c) The failure of the Debtor, the Borrower or any other Guarantor to
keep, observe or perform any term or condition of any loan document, including
the Loan Agreement, the Promissory Note, the Guaranty, and this Security
Agreement, and any other loan agreement, security agreement or other loan
document evidencing, securing or relating to the Liabilities required thereunder
to be kept, observed or performed by the Debtor or such Guarantor.
(d) The making or furnishing by the Debtor to the Secured Creditor of
any representation, warranty or covenant in connection with this Security
Agreement which is false.
9
<PAGE>
(e) The making of an assignment by the Debtor for the benefit of its
creditors.
(f) The commencement of proceedings in bankruptcy for reorganization
of the Debtor or for the adjustment of any of its debts under the Bankruptcy
Code or under any law, whether state or federal, now or hereafter existing for
the relief of debtors.
(g) The appointment of a receiver or trustee for the Debtor or for any
substantial part of its assets, or the institution of any proceedings for the
dissolution, or the full or partial liquidation of the Debtor.
(h) The Debtor becomes insolvent or unable to pay debts as they
mature.
(i) The termination or non-renewal of any of the Muzak Franchises for
any reason.
A default under this Security Agreement shall constitute a default under
the terms and conditions of all promissory notes then existing and executed by
the Debtor in favor of the Secured Creditor and shall also be and constitute a
default under all promissory notes and other agreements then existing and which
evidence in any way any Liability to the Secured Creditor including, but not
limited to, any other loan documents or loan agreement between the Debtor and
the Secured Creditor.
6. RIGHTS UPON DEFAULT. Upon the occurrence of any default under this
-------------------
Security Agreement and the expiration of any applicable cure period, or whenever
the Secured Creditor feels insecure for any reason whatsoever, the Secured
Creditor shall have and may exercise any or all of the following rights:
(a) To declare the Liabilities, or any of them (notwithstanding any
provision thereof), immediately due and payable without demand or notice of any
kind and the same thereupon shall immediately become due and payable without
demand or notice, and from and after the date of default the amount due on the
Liabilities shall from and thereafter bear interest at the maximum rate of
interest permitted from time to time under Florida law.
(b) To exercise from time to time any and all rights and remedies of a
secured party under the UCC and any and all rights and remedies available to it
under any other applicable law.
(c) To request the Debtor to assemble at its expense the Collateral
and make it available to the Secured Creditor at a convenient place acceptable
to the Secured Creditor and, upon the making of said request, the Debtor shall
promptly comply with said request.
10
<PAGE>
(d) To give notice to and make demand upon all Account Debtors to make
payments directly to the Secured Party on all Accounts.
(e) To seize and take possession of the Collateral and dispose of same
under the UCC and, in such case, if any notice is required under applicable law
the giving of five (5) days written notice to the Debtor at its address set
forth herein shall constitute reasonable notice to the Debtor provided, however,
the Secured Creditor shall not by virtue of this Security Agreement be obligated
to give any such notice to the Debtor. If the Debtor wishes to change its
address at which said notice is to be given, the burden shall be upon the Debtor
to so notify the Secured Party in writing and unless or until said notice is
given, all notices sent to the Debtor at the address set forth herein shall be
effective and valid notice to the Debtor. In the event of default, the Debtor
expressly authorizes the Secured Creditor to enter upon all property owned by
the Debtor for the purpose of taking into custody and seizing any and all of the
Collateral. In the event of repossession of any or all of the Collateral, the
Debtor authorizes the Secured Creditor to take into his possession any personal
property found in or on the Collateral and to hold the same until claimed by the
Debtor and in the event such personal property is not claimed within a
reasonable time (not greater than ten (10) days) by the Debtor, the Secured
Creditor is authorized to dispose of same in the same manner as the Collateral
is disposed of and to apply the proceeds resulting therefrom to the Liabilities.
(f) To immediately offset against the Liabilities all other monies due
or to become due the Debtor from the Secured Creditor, whether said monies are
due or are to become due under this Security Agreement, or any other
relationship whatsoever between the Debtor and the Secured Creditor.
All proceeds resulting from the disposition of any of the Collateral or the
exercise by the Secured Creditor of any of its rights under this Security
Agreement shall be applied without any marshalling of assets first to the
expenses of retaking and preparing the Collateral for sale including expenses of
sale, next to other costs and attorneys' fees incurred by the Secured Creditor
in exercising its rights under this Security Agreement, next to the payment of
interest and/or principal due on the Liabilities, as the Secured Creditor may
determine, and finally to any other moneys due the Secured Creditor from the
Debtor. Should any deficiency result after disposition of the Collateral, the
Debtor shall remain liable for any deficiency.
7. PERFECTION. In order to perfect the security interest in the
----------
Collateral granted to the Secured Creditor by the Debtor hereunder, the Debtor
agrees to execute and deliver to the Secured Creditor any and all documents
which are, in the opinion of the Secured Creditor or its counsel, necessary so
as to
11
<PAGE>
perfect said security interest including, but not limited to, execution of
appropriate UCC-1 financing statements to be filed with the Florida Secretary of
State and with the appropriate filing officer in such other jurisdictions where
any of the Collateral is or may be located.
The Debtor further authorizes the Secured Party to file, in jurisdictions
where this authorization will be given effect, financing statements signed only
by the Secured Creditor describing the Collateral in the same manner as it is
described herein, and, from time to time, at the request of the Secured
Creditor, the Debtor will execute one or more financing statements and such
other documents (and pay the cost of filing and recording same in all public
offices deemed necessary or desirable by the Secured Creditor) and do such other
acts and things, all as the Secured Creditor may request to establish and
maintain a valid, enforceable and perfected security interest in the Collateral
(free of all other liens and claims whatsoever except for the Permitted
Encumbrances) to secure payment of the Liabilities including, without
limitation, the deposit with the Secured Creditor of any certificate of title
applicable to any of the Collateral and notation thereon of the security
interest hereunder along with any necessary documents including notices of
liens. At the request of the Secured Creditor, this Security Agreement executed
by the Debtor, or a photocopy thereof, shall be deemed to be a financing
statement authorized to be filed in such jurisdictions where such filing will be
given effect.
The Debtor shall pay all costs of filing any financing statement and all
other costs of perfecting the security interest granted hereunder.
8. OTHER DOCUMENTS. During the term of this Security Agreement, the
---------------
Debtor agrees to execute any and all other documents which are, in the opinion
of the Secured Creditor or its counsel, necessary to carry out the terms and
conditions of this Security Agreement including the granting of a perfected,
valid and enforceable security interest in the Collateral to the Secured
Creditor.
9. NOTICE. All notices under this Security Agreement shall be in writing
------
and along with all other documents permitted or required to be given under this
Security Agreement shall be deemed to have been given, (i) in the case of
delivery, when delivered to the address set forth in the preamble to this
Security Agreement and addressed to the party involved, (ii) in the case of
mailing, on the third (3rd) business day after said document has been deposited
in the United States Mails, postage prepaid, and sent by certified or registered
mail and addressed to the other party at the address as set forth in the
preamble to this Security Agreement, and (iii) in all other cases when the same
has been actually received by the other party. Either party hereto may change
the address at which said notices are to be
12
<PAGE>
sent by the giving of notice of such change to the other party as set forth
herein. In the event the Secured Creditor is a corporation, all notices sent to
the Secured Creditor shall not be deemed to have been given unless they are
given or sent to the attention of the loan officer in charge of the account of
the Debtor and in the event there is no such loan officer then to the President
of the Secured Creditor.
10. POWER OF ATTORNEY. The Debtor does hereby appoint the Secured
-----------------
Creditor as its attorney-in-fact to execute any and all documents which the
Debtor is required to execute under the Security Agreement including, but not
limited to, all financing statements and other documents which the Debtor is
obligated to execute and deliver under the provisions of paragraph 7 hereof, and
the Debtor further appoints the Secured Creditor as its attorney-in-fact to
endorse in the Debtor's name all checks, drafts and other instruments
representing or constituting payments made on the Collateral in which are made
or delivered to the Secured Creditor in accordance with this Security Agreement.
The power of attorney granted herein shall be irrevocable and be deemed coupled
with an interest.
11. TERM. This Security Agreement and the rights and privileges granted
----
hereunder to the Secured Creditor shall continue and remain in full force and
effect until all Liabilities have been paid in full to the Secured Creditor, and
the Debtor has no further right to obtain any advances or other disbursements
from the Secured Creditor. At such time, this Security Agreement shall be
marked "Cancelled" and returned to the Debtor and the Secured Creditor shall
further execute a termination statement in regard to any financing statement
that solely relates to the Collateral. Until this Security Agreement has been
so marked "Cancelled" and returned to the Debtor, this Security Agreement shall
continue to secure all Liabilities and, at its option, the Secured Creditor may
retain this Security Agreement and maintain the validity of any security
interest granted hereunder and financing statements relating thereto for a
period not to exceed one hundred twenty (120) days after all Liabilities have
been paid in full and, in such event, if the Debtor has not filed and there has
not been filed against it any bankruptcy proceeding under the Bankruptcy Code
during said period, the Secured Creditor shall then cancel this Security
Agreement and terminate any financing statements as set forth herein.
12. TIME. Time is of the essence for the purposes of this Security
----
Agreement.
13. WAIVER. No waiver by the Secured Creditor of any default shall
------
operate as a waiver of any other default or of the same default on a future
occasion. No delay or omission on the part of the Secured Creditor in
exercising any right or remedy shall operate as a waiver thereof, and no single
or partial
13
<PAGE>
exercise by the Secured Creditor of any right or remedy shall include any other
or further exercise thereof or the exercise of any other right or remedy. The
Debtor further waives all notices whatsoever that the Debtor may be entitled to
under any contract or statute including presentment, notice of dishonor, protest
or notice of protest.
14. MISCELLANEOUS. The provisions of this Security Agreement are
-------------
cumulative and are in addition to the provisions of any note secured by this
Security Agreement and the Secured Creditor shall have all the benefits, rights
and remedies on any note secured hereby. If more than one party shall execute
this Security Agreement, the term "Debtor" will mean all parties signing this
Security Agreement and each of them, and all such parties shall be jointly and
severally obligated and liable hereunder. The singular pronoun, when used
herein, shall include masculine and feminine. All rights of Secured Creditor
hereunder shall inure to the benefits of its successors and assigns and all
duties of benefits of its successors and assigns and all duties of obligations
of the Debtor hereunder shall bind the heirs, executors, administrators,
successors and assigns of each Debtor.
15. GOVERNING LAW. This Security Agreement has been delivered in the
-------------
State of Florida and shall be construed in accordance with and governed by the
laws of Florida.
16. SEVERABILITY. Whenever possible, each provision of this Security
------------
Agreement shall be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision of this Security Agreement shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Security Agreement provided, however, if such invalidity adversely affects the
substantial rights of the Secured Creditor under this Security Agreement, all
the Liability shall immediately become due and payable in full.
17. DOCUMENTARY STAMPS. The Debtor shall pay all documentary stamps,
------------------
intangible tax, as well as all other taxes and penalties due on any notes
evidencing any of the Liabilities and the Debtor further agrees to indemnify and
hold Secured Creditor harmless from and against any and all such documentary
stamps, intangible taxes and penalties.
18. NO THIRD PARTY BENEFICIARIES. It is the intent and understanding of
----------------------------
the Debtor and the Secured Creditor that this Security Agreement is solely
between them and for their benefit and, accordingly, no party other than the
Debtor and the Secured Creditor shall have any rights or privileges under this
Security Agreement either as third party beneficiaries or otherwise.
14
<PAGE>
19. COSTS AND ATTORNEYS FEES. In the event of any default under this
------------------------
Security Agreement or the exercise by the Secured Creditor of any of its rights
hereunder, the Debtor shall promptly pay to the Secured Creditor all such costs
and expenses, including attorney's fees. All such costs and expenses, including
attorney's fees, shall further be deemed to be within the term "Liability" and
secured by the Collateral. As used in this Security Agreement, costs and
attorney's fees, shall mean costs and attorney's fees incurred in any suit,
including any appeal therefrom.
20. COMPLETE AGREEMENT. This Security Agreement constitutes the complete
------------------
agreement between the parties in regard to the matters set forth herein and this
Security Agreement may not be altered, amended or otherwise modified except by a
writing signed by the person to be charged by said alteration, amendment or
modification. This requirement that this Security Agreement may not be altered,
amended or modified except by a writing, may not itself be waived except by a
writing.
21. WAIVER OF JURY TRIAL. THE DEBTOR AND THE SECURED CREDITOR HEREBY EACH
--------------------
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY, AFTER CAREFUL CONSIDERATION AND AN
OPPORTUNITY TO SEEK LEGAL ADVICE, WAIVE THEIR RESPECTIVE RIGHTS TO HAVE A TRIAL
BY JURY IN RESPECT OF ANY LITIGATION ARISING OUT OF OR IN ANY WAY CONNECTED WITH
ANY OF THE PROVISIONS OF THIS SECURITY AGREEMENT, THE LOAN AGREEMENT, THE
PROMISSORY NOTES, OR ANY OTHER LOAN DOCUMENTS EXECUTED IN CONJUNCTION WITH THE
LOAN.
IN WITNESS WHEREOF, the Debtor has executed this Security Agreement as of
the date and year first above written.
ATTEST AUDIO COMMUNICATIONS NETWORK, INC.,
F/K/A MUSIC SERVICES, INC., A
MISSOURI CORPORATION
/s/ Doris K. Krummenacke By: /s/ A. J. Schell
- ------------------------------- ---------------------------
Doris K. Krummenacker, A. J. Schell,
Secretary President
(CORPORATE SEAL)
SUNTRUST BANK, CENTRAL FLORIDA,
NATIONAL ASSOCIATION, F/K/A SUN
BANK, NATIONAL ASSOCIATION
By: /s/ Lee W. Wright
---------------------------
Lee W. Wright,
Vice President
15
<PAGE>
EXHIBIT A
---------
DESCRIPTION OF PERMITTED ENCUMBRANCES
-------------------------------------
None.
<PAGE>
EXHIBIT B
---------
PLACES OF BUSINESS
------------------
1636 Broadway
Kansas City, MO 64108
and
1508 Brower Blvd.
St. Louis, MO 63132
<PAGE>
________________________________________________________________________________
________________________________________________________________________________
AMENDED AND RESTATED
SECURITY AGREEMENT
By and Between
AUDIO COMMUNICATIONS NETWORK, INC.,
A MARYLAND CORPORATION
(the Debtor)
And
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION,
F/K/A SUN BANK, NATIONAL ASSOCIATION
(the Secured Creditor)
December 21, 1995
________________________________________________________________________________
________________________________________________________________________________
<PAGE>
TABLE OF CONTENTS
-----------------
(The Table of Contents for this Security Agreement is for convenience of
reference only and is not intended to define, limit or describe the scope or
intent of any provisions of this Security Agreement.)
<TABLE>
<CAPTION>
Paragraph Caption Page
------- ----
Number
------
<C> <S> <C>
1. DEFINITIONS............................................................ 1
-----------
2. COLLATERAL............................................................. 5
----------
3. GRANT OF SECURITY INTEREST............................................. 6
--------------------------
4. REPRESENTATIONS, WARRANTIES AND COVENANTS.............................. 6
-----------------------------------------
5. DEFAULT................................................................ 9
-------
6. RIGHTS UPON DEFAULT.................................................... 10
-------------------
7. PERFECTION............................................................. 11
----------
8. OTHER DOCUMENTS........................................................ 12
---------------
9. NOTICE................................................................. 12
------
10. POWER OF ATTORNEY...................................................... 13
-------------------------------
11. TERM................................................................... 13
-------------------------------
12. TIME................................................................... 13
-------------------------------
13. WAIVER................................................................. 13
-------------------------------
14. MISCELLANEOUS.......................................................... 14
-------------------------------
15. GOVERNING LAW.......................................................... 14
-------------------------------
16. SEVERABILITY........................................................... 14
-------------------------------
17. DOCUMENTARY STAMPS..................................................... 14
-------------------------------
18. NO THIRD PARTY BENEFICIARIES........................................... 14
-------------------------------
19. COSTS AND ATTORNEYS FEES............................................... 15
-------------------------------
20. COMPLETE AGREEMENT..................................................... 15
-------------------------------
21. WAIVER OF JURY TRIAL................................................... 15
-------------------------------
</TABLE>
EXHIBIT A DESCRIPTION OF PERMITTED ENCUMBRANCES
EXHIBIT B PLACES OF BUSINESS
<PAGE>
AMENDED AND RESTATED SECURITY AGREEMENT
---------------------------------------
THIS AMENDED AND RESTATED SECURITY AGREEMENT (the "Security Agreement")
made and entered into this 21st day of December, 1995, by and between:
AUDIO COMMUNICATIONS NETWORK, INC., a Maryland corporation, 3 Nashua
Court, Suite B, Baltimore, Maryland 21221 (hereinafter referred to as
the "Debtor"),
and
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION, F/K/A SUN BANK,
NATIONAL ASSOCIATION, a national banking association, 200 South Orange
Avenue, Orlando, Florida 32801 (hereinafter referred to as the
"Secured Creditor").
W I T N E S S E T H:
-------------------
WHEREAS, the Secured Creditor previously extended certain loans to Audio
Communications Network, Inc. f/k/a Johnson Electronics, Inc., a Florida
corporation (the "Borrower"); and
WHEREAS, the Borrower has requested the Secured Creditor to increase and
modify said loans; and
WHEREAS, in order to secure such loans, the Debtor previously executed and
delivered to the Secured Creditor that certain Security Agreement dated April
30, 1990, as amended by amendments dated as of March 1, 1994 and as of June 5,
1995 (the "Existing Security Agreement"); and
WHEREAS, the Secured Creditor is unwilling to increase and modify such
loans unless and until the Debtor executes and delivers this Amended and
Restated Security Agreement;
NOW, THEREFORE, the Debtor and the Secured Creditor agree to amend and
restate the Existing Security Agreement in its entirety as follows:
1. DEFINITIONS. As used in this Security Agreement, the following terms
-----------
and conditions shall have the meanings set forth below:
"Account" shall mean any right of the Debtor, whether or not earned by
-------
performance, to payment for goods or other property (including, without
limitation, the Collateral) sold or
<PAGE>
leased or for services rendered that is not evidenced by an Instrument or
Chattel Paper, including, without limitation:
(i) all presently owned and hereafter acquired receivables,
including all open accounts, contract rights, notes, drafts, acceptances, rental
receivables, installment payment obligations and other obligations for or rights
to the payment of money created by the Debtor, or acquired by Debtor from
others;
(ii) all cash and non-cash proceeds thereof, and all contracts,
documents, invoices and other instruments evidencing the same; and
(iii) all collateral security therefor (including guaranties,
mortgages, or security interests) and all of Debtor's rights and remedies in
connection with the Accounts or in connection with any property sold or leased
which is represented thereby.
"Account Debtor" shall mean any person who is obligated on an Account
--------------
or Chattel Paper.
"Borrower" shall mean Audio Communications Network, Inc., f/k/a
--------
Johnson Electronics, Inc., a Florida corporation.
"Chattel Paper" shall mean a writing or writings which evidence both a
-------------
monetary obligation and a security interest in or a lease of specific goods.
"Collateral" shall mean the goods and other property described in
----------
paragraph 2 of this Agreement.
"Copyrights" shall mean the rights to all copyrighted material and all
----------
rights under the copyright laws of the United States belonging or ascribed to
the Debtor.
"Document" shall mean any now owned or hereafter acquired bill of
--------
lading, dock warrant, dock receipt, warehouse receipt or order for the delivery
of goods, and also any other document, whether negotiable or non-negotiable,
which in the regular course of business of financing is treated as adequately
evidencing that the person in possession of it is entitled to receive, hold and
dispose of the document and the goods it covers.
"Equipment" shall mean all now existing and hereafter acquired goods
---------
(other than Inventory) used or bought for use primarily in the Debtor's
business, wherever located, including, but not limited to, machinery, furniture,
furnishings, textures, dies, parts (including spare parts and repair parts) and
tools, together with all fittings, accessories, accessions, additions,
modifications, improvements, equipment and special tools now or hereafter
affixed to any or any part of the foregoing or used in
2
<PAGE>
connection with any part of the foregoing and all replacements of any part
thereof and all products and Proceeds of any of the foregoing.
"Guaranty" shall mean that certain Subsidiary Guaranty Agreement,
--------
dated the date hereof, of the Guarantors guarantying payment to the Secured
Creditor of the Liabilities, and all amendments, supplements, ratifications or
replacements thereof.
"Guarantor" or "Guarantors" shall mean collectively or individually,
--------- ----------
as the context may require, American Music Network, Inc., a California
corporation, Audio Communications Network, Inc., f/k/a Music Services, Inc., a
Missouri corporation, Audio Communications Network, Inc., a Maryland corporation
and Florida Audio Engineering Company, a Florida corporation.
"Instrument" shall mean a negotiable instrument or any other writing
----------
which evidences a right to payment of money and is not itself a security
agreement or lease and is of a type which is in ordinary course of business
transferred by delivery with any necessary endorsement or assignment.
"Intangible Assets" shall mean any personal property (including things
-----------------
in action) other than goods, Accounts, Chattel Paper, Documents, Instruments and
money and including, but not limited to all of the Debtor's now owned or
hereafter acquired (i) deferred assets, other than prepaid insurance and
prepaid taxes, (ii) goodwill, manufacturing and processing rights, Patents,
Licenses, franchises (including the Muzak Franchises), permits, Copyrights,
Trademarks, trade secrets, customer lists, tax refund claims, incentive
payments, insurance proceeds, experimental expenses and other similar assets
which would be classified as "intangible assets" under GAAP, (iii) treasury
stock and any write-up of the value of any assets after the date hereof unless
in accordance with GAAP, and (iv) all Proceeds of any and all of the foregoing.
"Inventory" shall mean all of the Debtor's now owned and hereafter
---------
acquired (a) goods, merchandise or personal property, wherever located, held by
the Debtor for sale or lease or to be furnished under contracts of service, (b)
raw materials, (c) work in process, (d) materials used or consumed in the
Debtor's business, (e) materials or supplies used or usable in manufacturing or
processing, (f) packaging and shipping materials, (g) inventory covered by a
warehouse receipt, bill of lading or other negotiable or non-negotiable Document
and (h) returned or repossessed merchandise.
"Liabilities" shall mean any and all of the following:
-----------
(a) Principal and interest and all other monies due or to become
due under the Promissory Note, including any extensions or renewals thereof.
3
<PAGE>
(b) Any and all other liabilities or obligations, primary,
secondary, direct, contingent, sole, joint or several, due or to become due, or
which may be hereafter contracted or acquired of the Debtor or the Borrower to
the Secured Creditor including, but not limited to, any and all loans or other
advances, whether obligatory or otherwise, which the Secured Creditor may, but
is not obligated to, make to the Debtor or the Borrower at any time in the
future.
(c) All other monies (in addition to principal and interest) due
or to become due the Secured Creditor from the Debtor or the Borrower including,
but not limited to, all costs and expenses including attorney's fees which the
Secured Creditor is entitled or permitted for any reason whatsoever to recover
under any statute, promissory note or agreement, including but not limited to,
this Security Agreement and the Promissory Note. As used herein and elsewhere in
this Security Agreement, costs and expenses, including attorney's fees, shall
include costs and expenses incurred by the Secured Creditor in proceeding
against the Collateral or against the Debtor or the Borrower and shall include
costs and expenses, including attorney's fees, which the Secured Creditor may
incur or become liable for as a result of enforcing any of its rights and
privileges under this Security Agreement, whether in any initial suit or an
appeal therefrom.
(d) Any future advances that the Secured Creditor may make to the
Debtor or the Borrower, whether discretionary or obligatory, provided, however,
that Secured Creditor shall be under no duty whatsoever by virtue of this
Security Agreement to make any such future advances whatsoever to the Debtor or
the Borrower. In the event the Secured Creditor subsequent to the date of this
Security Agreement makes any advances to the Debtor or the Borrower, said
advances shall conclusively be deemed to be and shall be future advances under
this subparagraph and within the definition of Liabilities as defined herein.
"Licenses" shall mean any license agreement under which the Debtor is
--------
or becomes licensed to use a patent or trademark and any license agreement under
which the Debtor shall license any third party to use any Patent or Trademark of
the Debtor.
"Loan Agreement" shall mean that certain Second Amended and Restated
--------------
Loan Agreement of even date herewith entered into by and between the Borrower
and the Secured Creditor and any and all amendments, modifications, supplements
or restatements thereof.
"Muzak Franchises" shall mean any and all franchise or licensing
----------------
agreements between the Debtor and any Muzak entity pursuant to which the Debtor
is now or may subsequently be authorized to supply Muzak services and products
to its customers, and any and all amendments, modifications, supplements or
replacements thereof.
4
<PAGE>
"Patents" shall mean any U.S. patents and U.S. patent applications,
-------
including, without limitation, the inventions and improvements described and
claimed therein, and the reissues and renewals thereof and all income,
royalties, damages and payments now and hereafter due and/or payable under and
with respect to all U.S. patents and U.S. patent applications, including,
without limitation, damages and payments for past or future infringements
thereof.
"Permitted Encumbrances" shall mean those encumbrances, liens or
----------------------
security interests set forth in Exhibit "A" attached hereto.
"Places of Business" shall mean any location at which the Debtor or
------------------
any Subsidiary conducts its business, including, but not limiting to, the
storage of Inventory, all of which are set forth in Exhibit "B" attached hereto.
"Proceeds" shall mean all cash and non-cash proceeds received upon the
--------
sale, exchange, collection or other disposition of the Collateral, including but
not limited to insurance payable by reason of loss or damage to Collateral;
provided, however, that nothing in this definition shall in and of itself be
- -----------------
construed to grant the Debtor or any Guarantor any authority whatsoever to sell
or otherwise dispose of the Collateral.
"Promissory Note" shall mean that certain Second Renewal, Increase and
---------------
Consolidated Promissory Note executed by the Borrower in favor of the Secured
Creditor dated December 14, 1995 in the face amount of $11,000,000.00, and all
amendments, supplements, renewals and replacements thereof.
"Trademarks" shall mean trademarks, service marks, trademark
----------
registrations, trade names and trademark and trade name registrations and
applications (whether state or federal), and renewals thereof, and all income,
royalties, damages and payments now and hereafter due and/or payable under all
trademarks and trademark applications, including, without limitation, damages
and payments for past or future infringements thereof.
"UCC" shall mean the Florida Uniform Commercial Code as set forth in
---
Chapters 671 through 680, Florida Statutes, as the same may be amended from time
to time.
2. COLLATERAL. As used in this Security Agreement, the term "Collateral"
----------
shall mean and include any and all of the following:
(a) all Accounts, Chattel Paper, Documents, Equipment,
Instruments, Inventory, Intangible Assets and the Proceeds thereof, of the
Debtor whether now owned or hereafter acquired;
5
<PAGE>
(b) to the extent not encumbered above, all of the right, title
and interest of the Debtor, whether now owned or hereinafter acquired, in and to
the goods or other property represented by or securing the Accounts, Chattel
Paper and Instruments;
(c) all rights of the Debtor as an unpaid lienor, including
stoppage in transit, replevin and reclamation;
(d) all monies, bank accounts, balances, credits, deposits,
collections, drafts, bills, notes, securities, and other property of every kind
and nature (whether tangible or intangible) now owned or hereafter acquired by
the Debtor and at any time in the actual or constructive possession of (or in
transit to) the Secured Creditor or its correspondents or agents in any capacity
or for any purpose;
(e) all books, records, ledger cards and other property relating
to (a) through (d) above, including computer programs, tapes and related
software; and
(f) all Proceeds and products of (a) through (e) above.
3. GRANT OF SECURITY INTEREST. To secure the payment of all Liabilities
--------------------------
to the Secured Creditor, the Debtor does hereby grant to the Secured Creditor a
security interest in each and all of the Collateral.
4. REPRESENTATIONS, WARRANTIES AND COVENANTS. The Debtor does hereby
-----------------------------------------
represent and warrant to and covenant with the Secured Creditor as follows:
(a) That the Debtor is the absolute owner of the Collateral free and
clear of all liens and security interests whatsoever except for (i) the security
interest granted the Secured Creditor by this Security Agreement and (ii) the
Permitted Encumbrances.
(b) That the Collateral will be used solely for business purposes.
(c) That the Collateral will be kept at the Places of Business and the
Debtor shall not remove the Collateral from said location(s) without the prior
written consent of Secured Creditor.
(d) That the Debtor will defend the Collateral against the claims and
demands of all persons at any time claiming the same or any interest therein.
(e) That by virtue of this Security Agreement and the perfection of
said security interest in accordance with the
6
<PAGE>
provisions of paragraph 7 hereof, and the execution and delivery of the
Subordination Agreements, the Secured Creditor has a valid, enforceable,
perfected and first priority security interest in the Collateral.
(f) That except for the Permitted Encumbrances, as they presently
exist as of the date of this Security Agreement, the Debtor has not and shall
not grant to any person other than the Secured Creditor a security interest or
any other interest or claim in the Collateral.
(g) That except for financing statements to perfect the Permitted
Encumbrances as filed as of the date of this Security Agreement, there is not
now and will not be filed in the future in any jurisdiction any financing
statement listing any person other than the Secured Creditor as a secured party
covering any or all of the Collateral.
(h) That the Debtor will not permit any liens or security interests
other than (i) the Permitted Encumbrances and (ii) the Secured Creditor's
security interest, to attach to any of the Collateral, permit any of the
Collateral to be levied upon under legal process, permit anything to be done
that may impair the value of any of the Collateral or the security intended to
be afforded by this Security Agreement, or permit the Collateral to be or to
become a fixture (and it is expressly covenanted, warranted and agreed that the
Collateral, and any part thereof, whether affixed to any realty or not, shall be
and remain personal property), or to become an accession to other goods or
property.
(i) That the Debtor will not sell, transfer, lease or otherwise
dispose of any of the Collateral or any interest therein or offer to do so
without the prior written consent of the Secured Creditor provided, however,
that as long as the Debtor is not in default under this Security Agreement, it
may (i) sell its Inventory in the normal and ordinary course of its business and
(ii) replace its Equipment due to depreciation and obsolescence.
(j) That the Debtor will not use the Collateral or permit the
Collateral to be used in violation of any statute or ordinance and the Debtor
shall further comply with all statutes, regulations and ordinances applicable to
the use or its ownership of the Collateral and to its business.
(k) That the Debtor will pay promptly when due all taxes and
assessments upon the Collateral or for its use or operation or upon any note or
notes or other writing evidencing the Liabilities, or any of them.
(l) That during the term of this Security Agreement, the Debtor shall
cause to be maintained on the Collateral
7
<PAGE>
insurance in an amount at least equal to the amount of the Liabilities and shall
cause the Secured Creditor to be noted as a loss payee on said policies. At the
request of the Secured Creditor, the Debtor shall promptly deliver to the
Secured Creditor said policies of insurance along with certificates reflecting
the Secured Creditor as a loss payee and providing for not less than thirty (30)
days notice to the Secured Creditor prior to expiration or cancellation of same,
and the Secured Creditor shall be entitled to retain in its possession said
policies or certificates.
(m) That at its option, the Secured Creditor may discharge taxes,
liens or security interests or encumbrances at any time levied upon or placed on
the Collateral, including, but not limited to, any Permitted Encumbrances, may
pay for insurance on the Collateral, and may pay for the maintenance and
preservation of the Collateral provided, however, the Secured Creditor shall be
under no duty or obligation to do so. The Debtor agrees to immediately
reimburse the Secured Creditor on demand for any such payments made or any
expenses incurred by the Secured Creditor together with interest at the highest
rate permitted by law, pursuant to the foregoing authorization.
(n) That the Debtor's principal place of business is the address
specified in the preamble to this Security Agreement and it will promptly give
the Secured Creditor written notice of any change, provided, however, that said
principal place of business may not be removed from the County where the Debtor
is now located without the prior written consent of the Secured Creditor. The
Debtor further represents and warrants that all of its business records,
including those pertaining to all its accounts, shall be kept at the above
stated address. The Secured Creditor shall have the right at all times to
review, examine and make abstracts from said business records.
(o) That the Secured Creditor shall have the right at all times to
inspect and examine the Collateral and to make schedules and listings thereof.
(p) That the Debtor shall not be dissolved or be consolidated or
merged with any other entity without the prior written consent of the Secured
Creditor nor shall the Debtor transfer (other than in the ordinary course of its
business as permitted herein) a substantial part of its assets.
(q) That the Debtor will immediately notify the Secured Creditor if
the Debtor suffers or permits any substantial or material changes in management
or suffers or experiences any adverse financial change.
(r) That the Debtor will maintain the Collateral in good condition and
repair and shall undertake and perform such
8
<PAGE>
other functions as may be necessary to keep and maintain the Collateral in good
condition and repair.
(s) That the Debtor, at the request of the Secured Creditor, shall
furnish to the Secured Creditor such financial statements of and financial
information relating to the Debtor and its business and the Collateral, as the
Secured Creditor may request and in such form as the Secured Creditor may
request from time to time.
(t) That the Debtor shall at all times pay and keep current all
Permitted Encumbrances and shall not default thereunder, but shall not make any
prepayments thereunder.
(u) That the Debtor shall at all times fully and timely perform its
obligations under the Muzak Franchises and maintain them in full force and
effect, and promptly provide the Secured Creditor with copies of any
correspondence, or claims or advise the Secured Creditor of any oral
communications received from the franchisor claiming that a default exists under
any such franchise or advising that any of such franchises will not be renewed
or is being terminated for any reason.
All of the foregoing representations, warranties and covenants shall be
true and correct throughout the term of this Security Agreement and shall be
fulfilled and maintained by the Debtor throughout the term hereof.
5. DEFAULT. The occurrence of one or more of the following events shall
-------
constitute a default in this Security Agreement:
(a) The failure or omission of the Borrower or Debtor to pay when due
any Liability, including but not limited to, the failure to pay when due any
payment of interest and/or principal of the Promissory Notes.
(b) The failure of the Debtor to keep, observe or perform any term or
condition of this Security Agreement required hereunder to be kept, observed or
performed by the Debtor.
(c) The failure of the Debtor, the Borrower or any other Guarantor to
keep, observe or perform any term or condition of any loan document, including
the Loan Agreement, the Promissory Note, the Guaranty, and this Security
Agreement, and any other loan agreement, security agreement or other loan
document evidencing, securing or relating to the Liabilities required thereunder
to be kept, observed or performed by the Debtor or such Guarantor.
(d) The making or furnishing by the Debtor to the Secured Creditor of
any representation, warranty or covenant in connection with this Security
Agreement which is false.
9
<PAGE>
(e) The making of an assignment by the Debtor for the benefit of its
creditors.
(f) The commencement of proceedings in bankruptcy for reorganization
of the Debtor or for the adjustment of any of its debts under the Bankruptcy
Code or under any law, whether state or federal, now or hereafter existing for
the relief of debtors.
(g) The appointment of a receiver or trustee for the Debtor or for any
substantial part of its assets, or the institution of any proceedings for the
dissolution, or the full or partial liquidation of the Debtor.
(h) The Debtor becomes insolvent or unable to pay debts as they
mature.
(i) The termination or non-renewal of any of the Muzak Franchises for
any reason.
A default under this Security Agreement shall constitute a default under
the terms and conditions of all promissory notes then existing and executed by
the Debtor in favor of the Secured Creditor and shall also be and constitute a
default under all promissory notes and other agreements then existing and which
evidence in any way any Liability to the Secured Creditor including, but not
limited to, any other loan documents or loan agreement between the Debtor and
the Secured Creditor.
6. RIGHTS UPON DEFAULT. Upon the occurrence of any default under this
-------------------
Security Agreement and the expiration of any applicable cure period, or whenever
the Secured Creditor feels insecure for any reason whatsoever, the Secured
Creditor shall have and may exercise any or all of the following rights:
(a) To declare the Liabilities, or any of them (notwithstanding any
provision thereof), immediately due and payable without demand or notice of any
kind and the same thereupon shall immediately become due and payable without
demand or notice, and from and after the date of default the amount due on the
Liabilities shall from and thereafter bear interest at the maximum rate of
interest permitted from time to time under Florida law.
(b) To exercise from time to time any and all rights and remedies of a
secured party under the UCC and any and all rights and remedies available to it
under any other applicable law.
(c) To request the Debtor to assemble at its expense the Collateral
and make it available to the Secured Creditor at a convenient place acceptable
to the Secured Creditor and, upon the making of said request, the Debtor shall
promptly comply with said request.
10
<PAGE>
(d) To give notice to and make demand upon all Account Debtors to make
payments directly to the Secured Party on all Accounts.
(e) To seize and take possession of the Collateral and dispose of same
under the UCC and, in such case, if any notice is required under applicable law
the giving of five (5) days written notice to the Debtor at its address set
forth herein shall constitute reasonable notice to the Debtor provided, however,
the Secured Creditor shall not by virtue of this Security Agreement be obligated
to give any such notice to the Debtor. If the Debtor wishes to change its
address at which said notice is to be given, the burden shall be upon the Debtor
to so notify the Secured Party in writing and unless or until said notice is
given, all notices sent to the Debtor at the address set forth herein shall be
effective and valid notice to the Debtor. In the event of default, the Debtor
expressly authorizes the Secured Creditor to enter upon all property owned by
the Debtor for the purpose of taking into custody and seizing any and all of the
Collateral. In the event of repossession of any or all of the Collateral, the
Debtor authorizes the Secured Creditor to take into his possession any personal
property found in or on the Collateral and to hold the same until claimed by the
Debtor and in the event such personal property is not claimed within a
reasonable time (not greater than ten (10) days) by the Debtor, the Secured
Creditor is authorized to dispose of same in the same manner as the Collateral
is disposed of and to apply the proceeds resulting therefrom to the Liabilities.
(f) To immediately offset against the Liabilities all other monies due
or to become due the Debtor from the Secured Creditor, whether said monies are
due or are to become due under this Security Agreement, or any other
relationship whatsoever between the Debtor and the Secured Creditor.
All proceeds resulting from the disposition of any of the Collateral or the
exercise by the Secured Creditor of any of its rights under this Security
Agreement shall be applied without any marshalling of assets first to the
expenses of retaking and preparing the Collateral for sale including expenses of
sale, next to other costs and attorneys' fees incurred by the Secured Creditor
in exercising its rights under this Security Agreement, next to the payment of
interest and/or principal due on the Liabilities, as the Secured Creditor may
determine, and finally to any other moneys due the Secured Creditor from the
Debtor. Should any deficiency result after disposition of the Collateral, the
Debtor shall remain liable for any deficiency.
7. PERFECTION. In order to perfect the security interest in the
----------
Collateral granted to the Secured Creditor by the Debtor hereunder, the Debtor
agrees to execute and deliver to the Secured Creditor any and all documents
which are, in the opinion of the Secured Creditor or its counsel, necessary so
as to
11
<PAGE>
perfect said security interest including, but not limited to, execution of
appropriate UCC-1 financing statements to be filed with the Florida Secretary of
State and with the appropriate filing officer in such other jurisdictions where
any of the Collateral is or may be located.
The Debtor further authorizes the Secured Party to file, in jurisdictions
where this authorization will be given effect, financing statements signed only
by the Secured Creditor describing the Collateral in the same manner as it is
described herein, and, from time to time, at the request of the Secured
Creditor, the Debtor will execute one or more financing statements and such
other documents (and pay the cost of filing and recording same in all public
offices deemed necessary or desirable by the Secured Creditor) and do such other
acts and things, all as the Secured Creditor may request to establish and
maintain a valid, enforceable and perfected security interest in the Collateral
(free of all other liens and claims whatsoever except for the Permitted
Encumbrances) to secure payment of the Liabilities including, without
limitation, the deposit with the Secured Creditor of any certificate of title
applicable to any of the Collateral and notation thereon of the security
interest hereunder along with any necessary documents including notices of
liens. At the request of the Secured Creditor, this Security Agreement executed
by the Debtor, or a photocopy thereof, shall be deemed to be a financing
statement authorized to be filed in such jurisdictions where such filing will be
given effect.
The Debtor shall pay all costs of filing any financing statement and all
other costs of perfecting the security interest granted hereunder.
8. OTHER DOCUMENTS. During the term of this Security Agreement, the
---------------
Debtor agrees to execute any and all other documents which are, in the opinion
of the Secured Creditor or its counsel, necessary to carry out the terms and
conditions of this Security Agreement including the granting of a perfected,
valid and enforceable security interest in the Collateral to the Secured
Creditor.
9. NOTICE. All notices under this Security Agreement shall be in writing
------
and along with all other documents permitted or required to be given under this
Security Agreement shall be deemed to have been given, (i) in the case of
delivery, when delivered to the address set forth in the preamble to this
Security Agreement and addressed to the party involved, (ii) in the case of
mailing, on the third (3rd) business day after said document has been deposited
in the United States Mails, postage prepaid, and sent by certified or registered
mail and addressed to the other party at the address as set forth in the
preamble to this Security Agreement, and (iii) in all other cases when the same
has been actually received by the other party. Either party hereto may change
the address at which said notices are to be
12
<PAGE>
sent by the giving of notice of such change to the other party as set forth
herein. In the event the Secured Creditor is a corporation, all notices sent to
the Secured Creditor shall not be deemed to have been given unless they are
given or sent to the attention of the loan officer in charge of the account of
the Debtor and in the event there is no such loan officer then to the President
of the Secured Creditor.
10. POWER OF ATTORNEY. The Debtor does hereby appoint the Secured
-----------------
Creditor as its attorney-in-fact to execute any and all documents which the
Debtor is required to execute under the Security Agreement including, but not
limited to, all financing statements and other documents which the Debtor is
obligated to execute and deliver under the provisions of paragraph 7 hereof, and
the Debtor further appoints the Secured Creditor as its attorney-in-fact to
endorse in the Debtor's name all checks, drafts and other instruments
representing or constituting payments made on the Collateral in which are made
or delivered to the Secured Creditor in accordance with this Security Agreement.
The power of attorney granted herein shall be irrevocable and be deemed coupled
with an interest.
11. TERM. This Security Agreement and the rights and privileges granted
----
hereunder to the Secured Creditor shall continue and remain in full force and
effect until all Liabilities have been paid in full to the Secured Creditor, and
the Debtor has no further right to obtain any advances or other disbursements
from the Secured Creditor. At such time, this Security Agreement shall be
marked "Cancelled" and returned to the Debtor and the Secured Creditor shall
further execute a termination statement in regard to any financing statement
that solely relates to the Collateral. Until this Security Agreement has been
so marked "Cancelled" and returned to the Debtor, this Security Agreement shall
continue to secure all Liabilities and, at its option, the Secured Creditor may
retain this Security Agreement and maintain the validity of any security
interest granted hereunder and financing statements relating thereto for a
period not to exceed one hundred twenty (120) days after all Liabilities have
been paid in full and, in such event, if the Debtor has not filed and there has
not been filed against it any bankruptcy proceeding under the Bankruptcy Code
during said period, the Secured Creditor shall then cancel this Security
Agreement and terminate any financing statements as set forth herein.
12. TIME. Time is of the essence for the purposes of this Security
----
Agreement.
13. WAIVER. No waiver by the Secured Creditor of any default shall
------
operate as a waiver of any other default or of the same default on a future
occasion. No delay or omission on the part of the Secured Creditor in
exercising any right or remedy shall operate as a waiver thereof, and no single
or partial
13
<PAGE>
exercise by the Secured Creditor of any right or remedy shall include any other
or further exercise thereof or the exercise of any other right or remedy. The
Debtor further waives all notices whatsoever that the Debtor may be entitled to
under any contract or statute including presentment, notice of dishonor, protest
or notice of protest.
14. MISCELLANEOUS. The provisions of this Security Agreement are
-------------
cumulative and are in addition to the provisions of any note secured by this
Security Agreement and the Secured Creditor shall have all the benefits, rights
and remedies on any note secured hereby. If more than one party shall execute
this Security Agreement, the term "Debtor" will mean all parties signing this
Security Agreement and each of them, and all such parties shall be jointly and
severally obligated and liable hereunder. The singular pronoun, when used
herein, shall include masculine and feminine. All rights of Secured Creditor
hereunder shall inure to the benefits of its successors and assigns and all
duties of benefits of its successors and assigns and all duties of obligations
of the Debtor hereunder shall bind the heirs, executors, administrators,
successors and assigns of each Debtor.
15. GOVERNING LAW. This Security Agreement has been delivered in the
-------------
State of Florida and shall be construed in accordance with and governed by the
laws of Florida.
16. SEVERABILITY. Whenever possible, each provision of this Security
------------
Agreement shall be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision of this Security Agreement shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Security Agreement provided, however, if such invalidity adversely affects the
substantial rights of the Secured Creditor under this Security Agreement, all
the Liability shall immediately become due and payable in full.
17. DOCUMENTARY STAMPS. The Debtor shall pay all documentary stamps,
------------------
intangible tax, as well as all other taxes and penalties due on any notes
evidencing any of the Liabilities and the Debtor further agrees to indemnify and
hold Secured Creditor harmless from and against any and all such documentary
stamps, intangible taxes and penalties.
18. NO THIRD PARTY BENEFICIARIES. It is the intent and understanding of
----------------------------
the Debtor and the Secured Creditor that this Security Agreement is solely
between them and for their benefit and, accordingly, no party other than the
Debtor and the Secured Creditor shall have any rights or privileges under this
Security Agreement either as third party beneficiaries or otherwise.
14
<PAGE>
19. COSTS AND ATTORNEYS FEES. In the event of any default under this
------------------------
Security Agreement or the exercise by the Secured Creditor of any of its rights
hereunder, the Debtor shall promptly pay to the Secured Creditor all such costs
and expenses, including attorney's fees. All such costs and expenses, including
attorney's fees, shall further be deemed to be within the term "Liability" and
secured by the Collateral. As used in this Security Agreement, costs and
attorney's fees, shall mean costs and attorney's fees incurred in any suit,
including any appeal therefrom.
20. COMPLETE AGREEMENT. This Security Agreement constitutes the complete
------------------
agreement between the parties in regard to the matters set forth herein and this
Security Agreement may not be altered, amended or otherwise modified except by a
writing signed by the person to be charged by said alteration, amendment or
modification. This requirement that this Security Agreement may not be altered,
amended or modified except by a writing, may not itself be waived except by a
writing.
21. WAIVER OF JURY TRIAL. THE DEBTOR AND THE SECURED CREDITOR HEREBY EACH
--------------------
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY, AFTER CAREFUL CONSIDERATION AND AN
OPPORTUNITY TO SEEK LEGAL ADVICE, WAIVE THEIR RESPECTIVE RIGHTS TO HAVE A TRIAL
BY JURY IN RESPECT OF ANY LITIGATION ARISING OUT OF OR IN ANY WAY CONNECTED WITH
ANY OF THE PROVISIONS OF THIS SECURITY AGREEMENT, THE LOAN AGREEMENT, THE
PROMISSORY NOTES, OR ANY OTHER LOAN DOCUMENTS EXECUTED IN CONJUNCTION WITH THE
LOAN.
IN WITNESS WHEREOF, the Debtor has executed this Security Agreement as of
the date and year first above written.
ATTEST AUDIO COMMUNICATIONS NETWORK, INC.,
A MARYLAND CORPORATION
/s/ Doris K. Krummenacker By: /s/ A. J. Schell
- ---------------------------- ---------------------------
Doris K. Krummenacker, A. J. Schell,
Secretary President
(CORPORATE SEAL)
SUNTRUST BANK, CENTRAL FLORIDA,
NATIONAL ASSOCIATION, F/K/A SUN
BANK, NATIONAL ASSOCIATION
By: /s/ Lee W. Wright
---------------------------
Lee W. Wright,
Vice President
15
<PAGE>
EXHIBIT A
---------
DESCRIPTION OF PERMITTED ENCUMBRANCES
-------------------------------------
None.
<PAGE>
EXHIBIT B
---------
PLACES OF BUSINESS
------------------
3 Nashua Court, Suite B
Baltimore, MD 21221
<PAGE>
________________________________________________________________________________
________________________________________________________________________________
SECURITY AGREEMENT
By and Between
FLORIDA AUDIO ENGINEERING COMPANY
(the Debtor)
And
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION
F/K/A SUN BANK, NATIONAL ASSOCIATION
(the Secured Creditor)
December 21, 1995
________________________________________________________________________________
________________________________________________________________________________
<PAGE>
TABLE OF CONTENTS
-----------------
(The Table of Contents for this Security Agreement is for convenience of
reference only and is not intended to define, limit or describe the scope or
intent of any provisions of this Security Agreement.)
<TABLE>
<CAPTION>
Paragraph Caption Page
------- ----
Number
------
<S> <C> <C>
1. DEFINITIONS.............................................. 1
-----------
2. COLLATERAL............................................... 5
----------
3. GRANT OF SECURITY INTEREST............................... 6
--------------------------
4. REPRESENTATIONS, WARRANTIES AND COVENANTS................ 6
-----------------------------------------
5. DEFAULT.................................................. 9
-------
6. RIGHTS UPON DEFAULT...................................... 10
-------------------
7. PERFECTION............................................... 11
----------
8. OTHER DOCUMENTS.......................................... 12
---------------
9. NOTICE................................................... 12
------
10. POWER OF ATTORNEY........................................ 13
-----------------
11. TERM..................................................... 13
----
12. TIME..................................................... 13
----
13. WAIVER................................................... 13
------
14. MISCELLANEOUS............................................ 14
-------------
15. GOVERNING LAW............................................ 14
-------------
16. SEVERABILITY............................................. 14
------------
17. DOCUMENTARY STAMPS....................................... 14
------------------
18. NO THIRD PARTY BENEFICIARIES............................. 14
----------------------------
19. COSTS AND ATTORNEYS FEES................................. 14
------------------------
20. COMPLETE AGREEMENT....................................... 15
------------------
21. WAIVER OF JURY TRIAL..................................... 15
--------------------
</TABLE>
EXHIBIT A DESCRIPTION OF PERMITTED ENCUMBRANCES
EXHIBIT B PLACES OF BUSINESS
<PAGE>
SECURITY AGREEMENT
------------------
THIS SECURITY AGREEMENT (the "Security Agreement") made and entered into
this 21st day of December, 1995, by and between:
FLORIDA AUDIO ENGINEERING COMPANY, a Florida corporation,
3016 Mercury Road South, Jacksonville, Florida 32207
(hereinafter referred to as the "Debtor"),
and
SUNTRUST BANK, CENTRAL FLORIDA, NATIONAL ASSOCIATION, F/K/A
SUN BANK, NATIONAL ASSOCIATION, a national banking
association, 200 South Orange Avenue, Orlando, Florida 32801
(hereinafter referred to as the "Secured Creditor").
W I T N E S S E T H:
-------------------
WHEREAS, the Secured Creditor previously extended certain loans to Audio
Communications Network, Inc. f/k/a Johnson Electronics, Inc., a Florida
corporation (the "Borrower"); and
WHEREAS, the Borrower has requested the Secured Creditor to increase and
modify said loans; and
WHEREAS, the Secured Creditor is unwilling to increase and modify such
loans unless and until the Debtor has granted to the Secured Creditor an
enforceable and perfected security interest in certain collateral as hereafter
set forth;
NOW, THEREFORE, the Debtor and the Secured Creditor agree as follows:
1. DEFINITIONS. As used in this Security Agreement, the following terms
-----------
and conditions shall have the meanings set forth below:
"Account" shall mean any right of the Debtor, whether or not earned by
-------
performance, to payment for goods or other property (including, without
limitation, the Collateral) sold or leased or for services rendered that is not
evidenced by an Instrument or Chattel Paper, including, without limitation:
(i) all presently owned and hereafter acquired receivables,
including all open accounts, contract rights, notes, drafts, acceptances, rental
receivables, installment payment obligations and other obligations for or rights
to the payment of money created by the Debtor, or acquired by Debtor from
others;
<PAGE>
(ii) all cash and non-cash proceeds thereof, and all contracts,
documents, invoices and other instruments evidencing the same; and
(iii) all collateral security therefor (including guaranties,
mortgages, or security interests) and all of Debtor's rights and remedies in
connection with the Accounts or in connection with any property sold or leased
which is represented thereby.
"Account Debtor" shall mean any person who is obligated on an Account
--------------
or Chattel Paper.
"Borrower" shall mean Audio Communications Network, Inc., f/k/a
--------
Johnson Electronics, Inc., a Florida corporation.
"Chattel Paper" shall mean a writing or writings which evidence both a
-------------
monetary obligation and a security interest in or a lease of specific goods.
"Collateral" shall mean the goods and other property described in
----------
paragraph 2 of this Agreement.
"Copyrights" shall mean the rights to all copyrighted material and all
----------
rights under the copyright laws of the United States belonging or ascribed to
the Debtor.
"Document" shall mean any now owned or hereafter acquired bill of
--------
lading, dock warrant, dock receipt, warehouse receipt or order for the delivery
of goods, and also any other document, whether negotiable or non-negotiable,
which in the regular course of business of financing is treated as adequately
evidencing that the person in possession of it is entitled to receive, hold and
dispose of the document and the goods it covers.
"Equipment" shall mean all now existing and hereafter acquired goods
---------
(other than Inventory) used or bought for use primarily in the Debtor's
business, wherever located, including, but not limited to, machinery, furniture,
furnishings, textures, dies, parts (including spare parts and repair parts) and
tools, together with all fittings, accessories, accessions, additions,
modifications, improvements, equipment and special tools now or hereafter
affixed to any or any part of the foregoing or used in connection with any part
of the foregoing and all replacements of any part thereof and all products and
Proceeds of any of the foregoing.
"Guaranty" shall mean that certain Subsidiary Guaranty Agreement,
--------
dated the date hereof, of the Guarantors guarantying payment to the Secured
Creditor of the Liabilities and all amendments, supplements, ratifications or
replacements thereof.
2
<PAGE>
"Guarantor" or "Guarantors" shall mean collectively or individually,
--------- ----------
as the context may require, American Music Network, Inc., a California
corporation, Audio Communications Network, Inc., f/k/a Music Services, Inc., a
Missouri corporation, Audio Communications Network, Inc., a Maryland corporation
and Florida Audio Engineering Company, a Florida corporation.
"Instrument" shall mean a negotiable instrument or any other writing
----------
which evidences a right to payment of money and is not itself a security
agreement or lease and is of a type which is in ordinary course of business
transferred by delivery with any necessary endorsement or assignment.
"Intangible Assets" shall mean any personal property (including things
-----------------
in action) other than goods, Accounts, Chattel Paper, Documents, Instruments and
money and including, but not limited to all of the Debtor's now owned or
hereafter acquired (i) deferred assets, other than prepaid insurance and
prepaid taxes, (ii) goodwill, manufacturing and processing rights, Patents,
Licenses, franchises (including the Muzak Franchises), permits, Copyrights,
Trademarks, trade secrets, customer lists, tax refund claims, incentive
payments, insurance proceeds, experimental expenses and other similar assets
which would be classified as "intangible assets" under GAAP, (iii) treasury
stock and any write-up of the value of any assets after the date hereof unless
in accordance with GAAP, and (iv) all Proceeds of any and all of the foregoing.
"Inventory" shall mean all of the Debtor's now owned and hereafter
---------
acquired (a) goods, merchandise or personal property, wherever located, held by
the Debtor for sale or lease or to be furnished under contracts of service, (b)
raw materials, (c) work in process, (d) materials used or consumed in the
Debtor's business, (e) materials or supplies used or usable in manufacturing or
processing, (f) packaging and shipping materials, (g) inventory covered by a
warehouse receipt, bill of lading or other negotiable or non-negotiable Document
and (h) returned or repossessed merchandise.
"Liabilities" shall mean any and all of the following:
-----------
(a) Principal and interest and all other monies due or to become
due under the Promissory Note, including any extensions or renewals thereof.
(b) Any and all other liabilities or obligations, primary,
secondary, direct, contingent, sole, joint or several, due or to become due, or
which may be hereafter contracted or acquired of the Debtor or the Borrower to
the Secured Creditor including, but not limited to, any and all loans or other
advances, whether obligatory or otherwise, which the Secured Creditor may, but
is not obligated to, make to the Debtor or the Borrower at any time in the
future.
3
<PAGE>
(c) All other monies (in addition to principal and interest) due
or to become due the Secured Creditor from the Debtor or the Borrower including,
but not limited to, all costs and expenses including attorney's fees which the
Secured Creditor is entitled or permitted for any reason whatsoever to recover
under any statute, promissory note or agreement, including but not limited to,
this Security Agreement and the Promissory Note. As used herein and elsewhere in
this Security Agreement, costs and expenses, including attorney's fees, shall
include costs and expenses incurred by the Secured Creditor in proceeding
against the Collateral or against the Debtor or the Borrower and shall include
costs and expenses, including attorney's fees, which the Secured Creditor may
incur or become liable for as a result of enforcing any of its rights and
privileges under this Security Agreement, whether in any initial suit or an
appeal therefrom.
(d) Any future advances that the Secured Creditor may make to
the Debtor or the Borrower, whether discretionary or obligatory, provided,
however, that Secured Creditor shall be under no duty whatsoever by virtue of
this Security Agreement to make any such future advances whatsoever to the
Debtor or the Borrower. In the event the Secured Creditor subsequent to the date
of this Security Agreement makes any advances to the Debtor or the Borrower,
said advances shall conclusively be deemed to be and shall be future advances
under this subparagraph and within the definition of Liabilities as defined
herein.
"Licenses" shall mean any license agreement under which the Debtor is
--------
or becomes licensed to use a patent or trademark and any license agreement under
which the Debtor shall license any third party to use any Patent or Trademark of
the Debtor.
"Loan Agreement" shall mean that certain Second Amended and Restated
--------------
Loan Agreement of even date herewith entered into by and between the Borrower
and the Secured Creditor and any and all amendments, modifications, supplements
or restatements thereof.
"Muzak Franchises" shall mean any and all franchise or licensing
----------------
agreements between the Debtor and any Muzak entity pursuant to which the Debtor
is now or may subsequently be authorized to supply Muzak services and products
to its customers, and any and all amendments, modifications, supplements or
replacements thereof.
"Patents" shall mean any U.S. patents and U.S. patent applications,
-------
including, without limitation, the inventions and improvements described and
claimed therein, and the reissues and renewals thereof and all income,
royalties, damages and payments now and hereafter due and/or payable under and
with respect to all U.S. patents and U.S. patent applications, including,
without limitation, damages and payments for past or future infringements
thereof.
4
<PAGE>
"Permitted Encumbrances" shall mean those encumbrances, liens or
----------------------
security interests set forth in Exhibit "A" attached hereto.
"Places of Business" shall mean any location at which the Debtor or
------------------
any Subsidiary conducts its business, including, but not limiting to, the
storage of Inventory, all of which are set forth in Exhibit "B" attached hereto.
"Proceeds" shall mean all cash and non-cash proceeds received upon the
--------
sale, exchange, collection or other disposition of the Collateral, including but
not limited to insurance payable by reason of loss or damage to Collateral;
provided, however, that nothing in this definition shall in and of itself be
- -----------------
construed to grant the Debtor or any Guarantor any authority whatsoever to sell
or otherwise dispose of the Collateral.
"Promissory Note" shall mean that certain Second Renewal, Increase and
---------------
Consolidated Promissory Note executed by the Borrower in favor of the Secured
Creditor dated December 14, 1995 in the face amount of $11,000,000.00, and all
amendments, supplements, renewals and replacements thereof.
"Trademarks" shall mean trademarks, service marks, trademark
----------
registrations, trade names and trademark and trade name registrations and
applications (whether state or federal), and renewals thereof, and all income,
royalties, damages and payments now and hereafter due and/or payable under all
trademarks and trademark applications, including, without limitation, damages
and payments for past or future infringements thereof.
"UCC" shall mean the Florida Uniform Commercial Code as set forth in
---
Chapters 671 through 680, Florida Statutes, as the same may be amended from time
to time.
2. COLLATERAL. As used in this Security Agreement, the term "Collateral"
----------
shall mean and include any and all of the following:
(a) all Accounts, Chattel Paper, Documents, Equipment,
Instruments, Inventory, Intangible Assets and the Proceeds thereof, of the
Debtor whether now owned or hereafter acquired;
(b) to the extent not encumbered above, all of the right, title
and interest of the Debtor, whether now owned or hereinafter acquired, in and to
the goods or other property represented by or securing the Accounts, Chattel
Paper and Instruments;
(c) all rights of the Debtor as an unpaid lienor, including
stoppage in transit, replevin and reclamation;
5
<PAGE>
(d) all monies, bank accounts, balances, credits, deposits,
collections, drafts, bills, notes, securities, and other property of every kind
and nature (whether tangible or intangible) now owned or hereafter acquired by
the Debtor and at any time in the actual or constructive possession of (or in
transit to) the Secured Creditor or its correspondents or agents in any capacity
or for any purpose;
(e) all books, records, ledger cards and other property relating
to (a) through (d) above, including computer programs, tapes and related
software; and
(f) all Proceeds and products of (a) through (e) above.
3. GRANT OF SECURITY INTEREST. To secure the payment of all Liabilities
--------------------------
to the Secured Creditor, the Debtor does hereby grant to the Secured Creditor a
security interest in each and all of the Collateral.
4. REPRESENTATIONS, WARRANTIES AND COVENANTS. The Debtor does hereby
-----------------------------------------
represent and warrant to and covenant with the Secured Creditor as follows:
(a) That the Debtor is the absolute owner of the Collateral free and
clear of all liens and security interests whatsoever except for (i) the security
interest granted the Secured Creditor by this Security Agreement and (ii) the
Permitted Encumbrances.
(b) That the Collateral will be used solely for business purposes.
(c) That the Collateral will be kept at the Places of Business and
the Debtor shall not remove the Collateral from said location(s) without the
prior written consent of Secured Creditor.
(d) That the Debtor will defend the Collateral against the claims and
demands of all persons at any time claiming the same or any interest therein.
(e) That by virtue of this Security Agreement and the perfection of
said security interest in accordance with the provisions of paragraph 7 hereof,
and the execution and delivery of the Subordination Agreements, the Secured
Creditor has a valid, enforceable, perfected and first priority security
interest in the Collateral.
(f) That except for the Permitted Encumbrances, as they presently
exist as of the date of this Security Agreement, the Debtor has not and shall
not grant to any person other than
6
<PAGE>
the Secured Creditor a security interest or any other interest or claim in the
Collateral.
(g) That except for financing statements to perfect the Permitted
Encumbrances as filed as of the date of this Security Agreement, there is not
now and will not be filed in the future in any jurisdiction any financing
statement listing any person other than the Secured Creditor as a secured party
covering any or all of the Collateral.
(h) That the Debtor will not permit any liens or security interests
other than (i) the Permitted Encumbrances and (ii) the Secured Creditor's
security interest, to attach to any of the Collateral, permit any of the
Collateral to be levied upon under legal process, permit anything to be done
that may impair the value of any of the Collateral or the security intended to
be afforded by this Security Agreement, or permit the Collateral to be or to
become a fixture (and it is expressly covenanted, warranted and agreed that the
Collateral, and any part thereof, whether affixed to any realty or not, shall be
and remain personal property), or to become an accession to other goods or
property.
(i) That the Debtor will not sell, transfer, lease or otherwise
dispose of any of the Collateral or any interest therein or offer to do so
without the prior written consent of the Secured Creditor provided, however,
that as long as the Debtor is not in default under this Security Agreement, it
may (i) sell its Inventory in the normal and ordinary course of its business and
(ii) replace its Equipment due to depreciation and obsolescence.
(j) That the Debtor will not use the Collateral or permit the
Collateral to be used in violation of any statute or ordinance and the Debtor
shall further comply with all statutes, regulations and ordinances applicable to
the use or its ownership of the Collateral and to its business.
(k) That the Debtor will pay promptly when due all taxes and
assessments upon the Collateral or for its use or operation or upon any note or
notes or other writing evidencing the Liabilities, or any of them.
(l) That during the term of this Security Agreement, the Debtor shall
cause to be maintained on the Collateral insurance in an amount at least equal
to the amount of the Liabilities and shall cause the Secured Creditor to be
noted as a loss payee on said policies. At the request of the Secured Creditor,
the Debtor shall promptly deliver to the Secured Creditor said policies of
insurance along with certificates reflecting the Secured Creditor as a loss
payee and providing for not less than thirty (30) days notice to the Secured
Creditor prior to expiration or cancellation of same, and the Secured
7
<PAGE>
Creditor shall be entitled to retain in its possession said policies or
certificates.
(m) That at its option, the Secured Creditor may discharge taxes,
liens or security interests or encumbrances at any time levied upon or placed on
the Collateral, including, but not limited to, any Permitted Encumbrances, may
pay for insurance on the Collateral, and may pay for the maintenance and
preservation of the Collateral provided, however, the Secured Creditor shall be
under no duty or obligation to do so. The Debtor agrees to immediately reimburse
the Secured Creditor on demand for any such payments made or any expenses
incurred by the Secured Creditor together with interest at the highest rate
permitted by law, pursuant to the foregoing authorization.
(n) That the Debtor's principal place of business is the address
specified in the preamble to this Security Agreement and it will promptly give
the Secured Creditor written notice of any change, provided, however, that said
principal place of business may not be removed from the County where the Debtor
is now located without the prior written consent of the Secured Creditor. The
Debtor further represents and warrants that all of its business records,
including those pertaining to all its accounts, shall be kept at the above
stated address. The Secured Creditor shall have the right at all times to
review, examine and make abstracts from said business records.
(o) That the Secured Creditor shall have the right at all times to
inspect and examine the Collateral and to make schedules and listings thereof.
(p) That the Debtor shall not be dissolved or be consolidated or
merged with any other entity without the prior written consent of the Secured
Creditor nor shall the Debtor transfer (other than in the ordinary course of its
business as permitted herein) a substantial part of its assets.
(q) That the Debtor will immediately notify the Secured Creditor if
the Debtor suffers or permits any substantial or material changes in management
or suffers or experiences any adverse financial change.
(r) That the Debtor will maintain the Collateral in good condition
and repair and shall undertake and perform such other functions as may be
necessary to keep and maintain the Collateral in good condition and repair.
(s) That the Debtor, at the request of the Secured Creditor, shall
furnish to the Secured Creditor such financial statements of and financial
information relating to the Debtor and its business and the Collateral, as the
Secured Creditor may request and in such form as the Secured Creditor may
request from time to time.
8
<PAGE>
(t) That the Debtor shall at all times pay and keep current all
Permitted Encumbrances and shall not default thereunder, but shall not make any
prepayments thereunder.
(u) That the Debtor shall at all times fully and timely perform its
obligations under the Muzak Franchises and maintain them in full force and
effect, and promptly provide the Secured Creditor with copies of any
correspondence, or claims or advise the Secured Creditor of any oral
communications received from the franchisor claiming that a default exists under
any such franchise or advising that any of such franchises will not be renewed
or is being terminated for any reason.
All of the foregoing representations, warranties and covenants shall be
true and correct throughout the term of this Security Agreement and shall be
fulfilled and maintained by the Debtor throughout the term hereof.
5. DEFAULT. The occurrence of one or more of the following events shall
-------
constitute a default in this Security Agreement:
(a) The failure or omission of the Borrower or Debtor to pay when due
any Liability, including but not limited to, the failure to pay when due any
payment of interest and/or principal of the Promissory Notes.
(b) The failure of the Debtor to keep, observe or perform any term or
condition of this Security Agreement required hereunder to be kept, observed or
performed by the Debtor.
(c) The failure of the Debtor, the Borrower or any other Guarantor to
keep, observe or perform any term or condition of any loan document, including
the Loan Agreement, the Promissory Note, the Guaranty, and this Security
Agreement, and any other loan agreement, security agreement or other loan
document evidencing, securing or relating to the Liabilities required thereunder
to be kept, observed or performed by the Debtor or such Guarantor.
(d) The making or furnishing by the Debtor to the Secured Creditor of
any representation, warranty or covenant in connection with this Security
Agreement which is false.
(e) The making of an assignment by the Debtor for the benefit of its
creditors.
(f) The commencement of proceedings in bankruptcy for reorganization
of the Debtor or for the adjustment of any of its debts under the Bankruptcy
Code or under any law, whether state or federal, now or hereafter existing for
the relief of debtors.
9
<PAGE>
(g) The appointment of a receiver or trustee for the Debtor or for
any substantial part of its assets, or the institution of any proceedings for
the dissolution, or the full or partial liquidation of the Debtor.
(h) The Debtor becomes insolvent or unable to pay debts as they
mature.
(i) The termination or non-renewal of any of the Muzak Franchises for
any reason.
A default under this Security Agreement shall constitute a default under
the terms and conditions of all promissory notes then existing and executed by
the Debtor in favor of the Secured Creditor and shall also be and constitute a
default under all promissory notes and other agreements then existing and which
evidence in any way any Liability to the Secured Creditor including, but not
limited to, any other loan documents or loan agreement between the Debtor and
the Secured Creditor.
6. RIGHTS UPON DEFAULT. Upon the occurrence of any default under this
-------------------
Security Agreement and the expiration of any applicable cure period, or whenever
the Secured Creditor feels insecure for any reason whatsoever, the Secured
Creditor shall have and may exercise any or all of the following rights:
(a) To declare the Liabilities, or any of them (notwithstanding any
provision thereof), immediately due and payable without demand or notice of any
kind and the same thereupon shall immediately become due and payable without
demand or notice, and from and after the date of default the amount due on the
Liabilities shall from and thereafter bear interest at the maximum rate of
interest permitted from time to time under Florida law.
(b) To exercise from time to time any and all rights and remedies of
a secured party under the UCC and any and all rights and remedies available to
it under any other applicable law.
(c) To request the Debtor to assemble at its expense the Collateral
and make it available to the Secured Creditor at a convenient place acceptable
to the Secured Creditor and, upon the making of said request, the Debtor shall
promptly comply with said request.
(d) To give notice to and make demand upon all Account Debtors to
make payments directly to the Secured Party on all Accounts.
(e) To seize and take possession of the Collateral and dispose of
same under the UCC and, in such case, if any notice is required under applicable
law the giving of five (5) days written
10
<PAGE>
notice to the Debtor at its address set forth herein shall constitute reasonable
notice to the Debtor provided, however, the Secured Creditor shall not by virtue
of this Security Agreement be obligated to give any such notice to the Debtor.
If the Debtor wishes to change its address at which said notice is to be given,
the burden shall be upon the Debtor to so notify the Secured Party in writing
and unless or until said notice is given, all notices sent to the Debtor at the
address set forth herein shall be effective and valid notice to the Debtor. In
the event of default, the Debtor expressly authorizes the Secured Creditor to
enter upon all property owned by the Debtor for the purpose of taking into
custody and seizing any and all of the Collateral. In the event of repossession
of any or all of the Collateral, the Debtor authorizes the Secured Creditor to
take into his possession any personal property found in or on the Collateral and
to hold the same until claimed by the Debtor and in the event such personal
property is not claimed within a reasonable time (not greater than ten (10)
days) by the Debtor, the Secured Creditor is authorized to dispose of same in
the same manner as the Collateral is disposed of and to apply the proceeds
resulting therefrom to the Liabilities.
(f) To immediately offset against the Liabilities all other monies
due or to become due the Debtor from the Secured Creditor, whether said monies
are due or are to become due under this Security Agreement, or any other
relationship whatsoever between the Debtor and the Secured Creditor.
All proceeds resulting from the disposition of any of the Collateral or the
exercise by the Secured Creditor of any of its rights under this Security
Agreement shall be applied without any marshalling of assets first to the
expenses of retaking and preparing the Collateral for sale including expenses of
sale, next to other costs and attorneys' fees incurred by the Secured Creditor
in exercising its rights under this Security Agreement, next to the payment of
interest and/or principal due on the Liabilities, as the Secured Creditor may
determine, and finally to any other moneys due the Secured Creditor from the
Debtor. Should any deficiency result after disposition of the Collateral, the
Debtor shall remain liable for any deficiency.
7. PERFECTION. In order to perfect the security interest in the
----------
Collateral granted to the Secured Creditor by the Debtor hereunder, the Debtor
agrees to execute and deliver to the Secured Creditor any and all documents
which are, in the opinion of the Secured Creditor or its counsel, necessary so
as to perfect said security interest including, but not limited to, execution of
appropriate UCC-1 financing statements to be filed with the Florida Secretary of
State and with the appropriate filing officer in such other jurisdictions where
any of the Collateral is or may be located.
11
<PAGE>
The Debtor further authorizes the Secured Party to file, in jurisdictions
where this authorization will be given effect, financing statements signed only
by the Secured Creditor describing the Collateral in the same manner as it is
described herein, and, from time to time, at the request of the Secured
Creditor, the Debtor will execute one or more financing statements and such
other documents (and pay the cost of filing and recording same in all public
offices deemed necessary or desirable by the Secured Creditor) and do such other
acts and things, all as the Secured Creditor may request to establish and
maintain a valid, enforceable and perfected security interest in the Collateral
(free of all other liens and claims whatsoever except for the Permitted
Encumbrances) to secure payment of the Liabilities including, without
limitation, the deposit with the Secured Creditor of any certificate of title
applicable to any of the Collateral and notation thereon of the security
interest hereunder along with any necessary documents including notices of
liens. At the request of the Secured Creditor, this Security Agreement executed
by the Debtor, or a photocopy thereof, shall be deemed to be a financing
statement authorized to be filed in such jurisdictions where such filing will be
given effect.
The Debtor shall pay all costs of filing any financing statement and all
other costs of perfecting the security interest granted hereunder.
8. OTHER DOCUMENTS. During the term of this Security Agreement, the
---------------
Debtor agrees to execute any and all other documents which are, in the opinion
of the Secured Creditor or its counsel, necessary to carry out the terms and
conditions of this Security Agreement including the granting of a perfected,
valid and enforceable security interest in the Collateral to the Secured
Creditor.
9. NOTICE. All notices under this Security Agreement shall be in writing
------
and along with all other documents permitted or required to be given under this
Security Agreement shall be deemed to have been given, (i) in the case of
delivery, when delivered to the address set forth in the preamble to this
Security Agreement and addressed to the party involved, (ii) in the case of
mailing, on the third (3rd) business day after said document has been deposited
in the United States Mails, postage prepaid, and sent by certified or registered
mail and addressed to the other party at the address as set forth in the
preamble to this Security Agreement, and (iii) in all other cases when the same
has been actually received by the other party. Either party hereto may change
the address at which said notices are to be sent by the giving of notice of such
change to the other party as set forth herein. In the event the Secured
Creditor is a corporation, all notices sent to the Secured Creditor shall not be
deemed to have been given unless they are given or sent to the attention of the
loan officer in charge of the account of the
12
<PAGE>
Debtor and in the event there is no such loan officer then to the President of
the Secured Creditor.
10. POWER OF ATTORNEY. The Debtor does hereby appoint the Secured
-----------------
Creditor as its attorney-in-fact to execute any and all documents which the
Debtor is required to execute under the Security Agreement including, but not
limited to, all financing statements and other documents which the Debtor is
obligated to execute and deliver under the provisions of paragraph 7 hereof, and
the Debtor further appoints the Secured Creditor as its attorney-in-fact to
endorse in the Debtor's name all checks, drafts and other instruments
representing or constituting payments made on the Collateral in which are made
or delivered to the Secured Creditor in accordance with this Security Agreement.
The power of attorney granted herein shall be irrevocable and be deemed coupled
with an interest.
11. TERM. This Security Agreement and the rights and privileges granted
----
hereunder to the Secured Creditor shall continue and remain in full force and
effect until all Liabilities have been paid in full to the Secured Creditor, and
the Debtor has no further right to obtain any advances or other disbursements
from the Secured Creditor. At such time, this Security Agreement shall be
marked "Cancelled" and returned to the Debtor and the Secured Creditor shall
further execute a termination statement in regard to any financing statement
that solely relates to the Collateral. Until this Security Agreement has been
so marked "Cancelled" and returned to the Debtor, this Security Agreement shall
continue to secure all Liabilities and, at its option, the Secured Creditor may
retain this Security Agreement and maintain the validity of any security
interest granted hereunder and financing statements relating thereto for a
period not to exceed one hundred twenty (120) days after all Liabilities have
been paid in full and, in such event, if the Debtor has not filed and there has
not been filed against it any bankruptcy proceeding under the Bankruptcy Code
during said period, the Secured Creditor shall then cancel this Security
Agreement and terminate any financing statements as set forth herein.
12. TIME. Time is of the essence for the purposes of this Security
----
Agreement.
13. WAIVER. No waiver by the Secured Creditor of any default shall
------
operate as a waiver of any other default or of the same default on a future
occasion. No delay or omission on the part of the Secured Creditor in
exercising any right or remedy shall operate as a waiver thereof, and no single
or partial exercise by the Secured Creditor of any right or remedy shall include
any other or further exercise thereof or the exercise of any other right or
remedy. The Debtor further waives all notices whatsoever that the Debtor may be
entitled to under any contract
13
<PAGE>
or statute including presentment, notice of dishonor, protest or notice of
protest.
14. MISCELLANEOUS. The provisions of this Security Agreement are
-------------
cumulative and are in addition to the provisions of any note secured by this
Security Agreement and the Secured Creditor shall have all the benefits, rights
and remedies on any note secured hereby. If more than one party shall execute
this Security Agreement, the term "Debtor" will mean all parties signing this
Security Agreement and each of them, and all such parties shall be jointly and
severally obligated and liable hereunder. The singular pronoun, when used
herein, shall include masculine and feminine. All rights of Secured Creditor
hereunder shall inure to the benefits of its successors and assigns and all
duties of benefits of its successors and assigns and all duties of obligations
of the Debtor hereunder shall bind the heirs, executors, administrators,
successors and assigns of each Debtor.
15. GOVERNING LAW. This Security Agreement has been delivered in the
-------------
State of Florida and shall be construed in accordance with and governed by the
laws of Florida.
16. SEVERABILITY. Whenever possible, each provision of this Security
------------
Agreement shall be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision of this Security Agreement shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Security Agreement provided, however, if such invalidity adversely affects the
substantial rights of the Secured Creditor under this Security Agreement, all
the Liability shall immediately become due and payable in full.
17. DOCUMENTARY STAMPS. The Debtor shall pay all documentary stamps,
------------------
intangible tax, as well as all other taxes and penalties due on any notes
evidencing any of the Liabilities and the Debtor further agrees to indemnify and
hold Secured Creditor harmless from and against any and all such documentary
stamps, intangible taxes and penalties.
18. NO THIRD PARTY BENEFICIARIES. It is the intent and understanding of
----------------------------
the Debtor and the Secured Creditor that this Security Agreement is solely
between them and for their benefit and, accordingly, no party other than the
Debtor and the Secured Creditor shall have any rights or privileges under this
Security Agreement either as third party beneficiaries or otherwise.
19. COSTS AND ATTORNEYS FEES. In the event of any default under this
------------------------
Security Agreement or the exercise by the Secured Creditor of any of its rights
hereunder, the Debtor shall promptly pay to the Secured Creditor all such costs
and expenses, including attorney's fees. All such costs and expenses,
14
<PAGE>
including attorney's fees, shall further be deemed to be within the term
"Liability" and secured by the Collateral. As used in this Security Agreement,
costs and attorney's fees, shall mean costs and attorney's fees incurred in any
suit, including any appeal therefrom.
20. COMPLETE AGREEMENT. This Security Agreement constitutes the complete
------------------
agreement between the parties in regard to the matters set forth herein and this
Security Agreement may not be altered, amended or otherwise modified except by a
writing signed by the person to be charged by said alteration, amendment or
modification. This requirement that this Security Agreement may not be altered,
amended or modified except by a writing, may not itself be waived except by a
writing.
21. WAIVER OF JURY TRIAL. THE DEBTOR AND THE SECURED CREDITOR HEREBY EACH
--------------------
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY, AFTER CAREFUL CONSIDERATION AND AN
OPPORTUNITY TO SEEK LEGAL ADVICE, WAIVE THEIR RESPECTIVE RIGHTS TO HAVE A TRIAL
BY JURY IN RESPECT OF ANY LITIGATION ARISING OUT OF OR IN ANY WAY CONNECTED WITH
ANY OF THE PROVISIONS OF THIS SECURITY AGREEMENT, THE LOAN AGREEMENT, THE
PROMISSORY NOTES, OR ANY OTHER LOAN DOCUMENTS EXECUTED IN CONJUNCTION WITH THE
LOAN.
IN WITNESS WHEREOF, the Debtor has executed this Security Agreement as of
the date and year first above written.
ATTEST FLORIDA AUDIO ENGINEERING COMPANY
/s/ Doris K. Krummenacker By:/s/ A. J. Schell
- -------------------------------- -----------------------------
Doris K. Krummenacker, A. J. Schell,
Secretary President
(CORPORATE SEAL)
SUNTRUST BANK, CENTRAL FLORIDA,
NATIONAL ASSOCIATION, F/K/A SUN
BANK, NATIONAL ASSOCIATION
By:
-----------------------------
Lee W. Wright,
Vice President
15
<PAGE>
EXHIBIT A
---------
DESCRIPTION OF PERMITTED ENCUMBRANCES
-------------------------------------
None.
<PAGE>
EXHIBIT B
---------
PLACES OF BUSINESS
------------------
3016 Mercury Road South, Jacksonville, Florida 32207
<PAGE>
STATE OF FLORIDA
UNIFORM COMMERCIAL CO. FINANCING STATEMENT FORM UCC-1 (REV.1993)
This Financial Statement is presented to a filing officer for filing pursuant to
the Uniform Commercial Code:
- --------------------------------------------------------------------------------
1. Debtor (Last Name First if an individual) 1a.Date of Birth or FEI#
Florida Audio Engineering Company
- --------------------------------------------------------------------------------
1b. Mailing Address 1c. City,State 1d. Zip Code
1000 Legion Place Suite 1515 Orlando, Florida 32801
- --------------------------------------------------------------------------------
2. Additional Debtor or Trade Name(Last Name First 2a.Date of Birth or FEI#
if an individual)
Florida Audio Engineering Company
- --------------------------------------------------------------------------------
2b. Mailing Address 2c. City,State 2d. Zip Code
3016 Mercury Road South Jacksonville, Florida 32207
- --------------------------------------------------------------------------------
3. Secured Party (Last Name First if an Individual)
SunTrust Bank, Central Florida, National Association
- --------------------------------------------------------------------------------
3a. Mailing Address 3b. City,State 3c. Zip Code
P.O. BOX 2806 Orlando, Florida 32802-2806
- --------------------------------------------------------------------------------
4. Assignee of Secured Party (Last Name First if an individual)
- --------------------------------------------------------------------------------
4a. Mailing Address 4b. City,State 4c. Zip Code
- --------------------------------------------------------------------------------
5. This Financing Statement covers the following types or items or property
(include description of real property on which located and owner of record when
required. If more space is required, attach additional sheet(s)].
See Exhibit "A" attached hereto and made a part hereof.
- --------------------------------------------------------------------------------
6. Check only if Applicable: [_] Products of collateral are also covered.
- --------------------------------------------------------------------------------
[X] Proceeds of collateral are also covered. [_] Debtor is transmitting utility.
- --------------------------------------------------------------------------------
7. Check appropriate box: [_] All documentary stamp taxes due and payable or
(One box must be marked) to become due and payable pursuant to s. 201.22
F.S., have been paid.
[_] Florida Documentary Stamp Tax is not required.
- --------------------------------------------------------------------------------
8. In accordance with s.679.402(2),F.S.,this 9. Number of additional
statement is filed without the Debtor's sheets presented: 1
signature to perfect a security interest -------
in collateral: --------------------------------
[_] already subject to a security interest in This Space for Use of
Filing Officer
another jurisdiction when it was brought
into this state or debtor's location
changed to this state.
[_] which is proceeds of the original collateral
described above in which a security interest
was perfected.
[_] as to which the filing has lapsed. Date filed
_________________________________and previous
UCC-1 file number___________________________.
[_] acquired after a change of name, identity, or
corporate structure of the debtor.
- ------------------------------------------------
10. Signature(s) of Debtor(s)
Florida Audio Engineering Company
By: /s/ A. J. Schell
-----------------------
Name: A.J. Schell
Title: President
- ------------------------------------------------
11. Signature(s) of Secured Party or if Assigned,
by Assignee(s)
SunTrust Bank, Central Florida, National
Association
By: /s/ Lee W. Wright /s/ A.J.S
Lee W. Wright, Vice President
- ------------------------------------------------
12. RETURN COPY TO:
Name Charles L. Brumback, Jr.
Akerman, Senterfitt & Eddson, P.A.
Address P.O. BOX 231
Orlando, FL 32802-0333
Address
City, State. Zip
- --------------------------------------------------------------------------------
<PAGE>
EXHIBIT A
---------
TO UCC-1 FINANCING STATEMENT
DEBTOR: FLORIDA AUDIO ENGINEERING COMPANY
SECURED PARTY: SUN BANK, NATIONAL ASSOCIATION
4. This Financing Statement covers the following types or items of property:
(a) all Accounts, Chattel Paper, Documents, Equipment,
Instruments, Inventory, Intangible Assets (including, but not limited to
the Muzak Franchises) and the Proceeds thereof, of the Debtor, wherever
located and whether now owned or hereafter acquired;
(b) to the extent not described above, all of the right, title
and interest of the Debtor, whether now owned or hereinafter acquired, in
and to the goods or other property represented by or securing the Accounts,
Chattel Paper and Instruments;
(c) all rights of the Debtor as an unpaid lienor, including
stoppage in transit, replevin and reclamation;
(d) all monies, bank accounts, balances, credits, deposits,
collections, drafts, bills, notes, securities, and other property of every
kind and nature (whether tangible or intangible) now owned or hereafter
acquired by the Debtor and at any time in the actual or constructive
possession of (or in transit to) the Secured Creditor or its correspondents
or agents in any capacity or for any purpose;
(e) all books, records, ledger cards and other property
relating to (a) through (d) above, including computer programs, tapes and
related software; and
(f) all Proceeds and products of (a) through (f) above.
All capitalized terms used in this Exhibit A but not otherwise defined herein
shall have the meanings assigned to such terms in the Uniform Commercial Code
and /or in the Security Agreement executed by the Debtor in favor of the Secured
Party simultaneously with this Financing Statement so that such terms shall have
the broadest possible definition.
<PAGE>
AGREEMENT NOT TO SELL OR ENCUMBER STOCK
---------------------------------------
THIS AGREEMENT NOT TO SELL OR ENCUMBER STOCK entered into this 21st day of
December, 1995, by and between AUDIO COMMUNICATIONS NETWORK, INC., F/K/A JOHNSON
ELECTRONICS, INC. a Florida corporation (the "Borrower") and SUNTRUST BANK,
CENTRAL FLORIDA, NATIONAL ASSOCIATION F/K/A SUN BANK, NATIONAL ASSOCIATION (the
"Bank").
W I T N E S S E T H:
-------------------
WHEREAS, the Bank has agreed to extend to the Borrower a Term Loan in the
aggregate maximum principal amount of $11,000,000.00 (the "Loan") pursuant to
the terms and conditions set forth in a certain Second Amended and Restated Loan
Agreement dated of even date herewith (the "Loan Agreement"); and
WHEREAS, the Borrower is the owner of one hundred percent (100%) of the
issued and outstanding stock (the "Stock") of American Music Network, Inc., a
California corporation, Audio Communications Network, Inc., f/k/a Music
Services, Inc., a Missouri corporation, Audio Communications Network, Inc., a
Maryland corporation and Florida Audio Engineering Company, a Florida
corporation (collectively, the "Subsidiaries"), and as a condition of making the
Loan, the Bank requires that the Stock be owned free and clear of all liens and
encumbrances and that none of the Stock be sold or encumbered during the term of
the Loan Agreement so that the Borrower shall never own less than 100% of the
issued and outstanding stock of each of the Subsidiaries; and
WHEREAS, the Borrower has determined that it is in its best interests to
continue to hold and not sell or encumber the Stock.
NOW, THEREFORE, in consideration of the premises herein contained, the
Borrower does hereby state to and agree with the Bank as follows:
1. Ownership of Stock. That the Borrower is the owner of the Stock
------------------
subject to no encumbrances or liens whatsoever.
2. Agreement Not to Sell or Encumber. That, during the term of the Loan
---------------------------------
Agreement, the Borrower shall not, without the prior written consent of the
Bank:
a. Sell or enter into any agreement to sell the Stock, or any portion
thereof.
b. Encumber or agree to encumber or allow or permit to be encumbered,
in any way whatsoever, the Stock, or any portion thereof.
<PAGE>
c. Agree or enter into any other agreement of any nature whatsoever
granting to any person any interest whatsoever in the Stock, or any portion
thereof.
IN WITNESS WHEREOF, the Borrower has executed this Agreement Not to Sell or
Encumber as of the 21st day of December, 1995.
ATTEST AUDIO COMMUNICATIONS NETWORK, INC., f/k/a
Johnson Electronics, Inc.
/s/ Doris Krummenacker By: /s/ A. J. Schell
- ------------------------------ --------------------------
Doris Krummenacker, Secretary A. J. Schell, President
STATE OF FLORIDA
COUNTY OF ORANGE
The foregoing instrument was acknowledged before me this 21st day of
December, 1995 by A. J. Schell and Doris Krummenacker as President and
Secretary, respectively, of Audio Communications Network, Inc., f/k/a Johnson
Electronics, Inc., a Florida corporation, on behalf of the corporation.
_____________________________________________
Signature of Notary Public, State of Florida
_____________________________________________
(Print, Type or Stamp Commissioned Name of Notary Public)
Personally known ____; OR Produced identification ____
Type of identification produced:___________________________
___________________________________
(Notary Seal)
2
<PAGE>
SUBSIDIARY GUARANTY AGREEMENT
-----------------------------
This SUBSIDIARY GUARANTY AGREEMENT (this "Guaranty"), dated as of
December 21, 1995, made by the entities listed on Exhibit "A" attached hereto,
each of which is a corporation organized and existing in the State set forth in
Exhibit "A" (the foregoing corporations individually a "Guarantor" and
collectively the "Guarantors"), in favor of SUNTRUST BANK, CENTRAL FLORIDA,
NATIONAL ASSOCIATION, a national banking association, (the "Lender");
W I T N E S S E T H:
-------------------
WHEREAS, AUDIO COMMUNICATIONS NETWORK, INC., f/k/a Johnson
Electronics, Inc., a Florida corporation (the "Borrower") and the Lender have
entered into that certain Second Amended and Restated Loan Agreement dated as of
December 21, 1995 (as the same may hereafter be amended, restated, supplemented
or otherwise modified from time to time, and including all schedules, riders,
and supplements thereto, the "Loan Agreement"; terms defined therein and not
otherwise defined herein being used herein as therein defined);
WHEREAS, the Borrower owns, directly or indirectly, all of the
outstanding capital stock of each of the Guarantors; and
WHEREAS, the Borrower and Guarantors share an identity of interest as
members of a consolidated group of companies engaged in substantially similar
businesses with the Borrower providing certain centralized financial, accounting
and management services to each of the Guarantors by virtue of intercompany
advances and loans such that financial accommodations to the Borrower under the
Loan Agreement shall inure to the direct and material benefit of each of the
Guarantors; and
WHEREAS, consummation of the transactions pursuant to the Loan
Agreement will facilitate expansion and enhance the overall financial strength
and stability of the Borrower's entire corporate group, including the
Guarantors; and
WHEREAS, it is a condition precedent to the Lender's obligations to
enter into the Loan Agreement and to make extensions of credit thereunder that
the Guarantors execute and deliver this Guaranty, and the Guarantors desire to
execute and deliver this Guaranty to satisfy such condition precedent;
NOW, THEREFORE, in consideration of the premises and in order to
induce the Lender to enter into and perform their obligations under the Loan
Agreement, the Guarantors hereby jointly and severally agree as follows:
<PAGE>
SECTION 1. GUARANTY. The Guarantors hereby jointly and severally,
--------
irrevocably, absolutely and unconditionally, guarantee the punctual and full
payment when due, whether at stated maturity, by acceleration or otherwise, of
all Loans and all other Obligations owing by the Borrower to the Lender under
the Loan Agreement, the Notes and the other Loan Documents, including all
renewals, extensions, modifications and refinancings thereof, now or hereafter
owing, whether for principal, interest, fees, expenses or otherwise, and any and
all reasonable out-of-pocket expenses (including reasonable attorneys' fees
actually incurred and expenses, whether suit be brought or not, including
reasonable attorneys' fees, costs and expenses if appeal is taken) incurred by
the Lender in enforcing any rights under this Guaranty (collectively, the
"Guaranteed Obligations"), including without limitation, all interest which, but
for the filing of a petition in bankruptcy with respect to the Borrower, would
accrue on any principal portion of the Guaranteed Obligations. Any and all
payments by the Guarantors hereunder shall be made free and clear of and without
deduction for any set-off, counterclaim, or withholding so that, in each case,
the Lender will receive, after giving effect to any taxes, but excluding taxes
imposed on overall net income of the Lender, the full amount that it would
otherwise be entitled to receive with respect to the Guaranteed Obligations (but
without duplication of amounts for taxes already included in the Guaranteed
Obligations). The Guarantors acknowledge and agree that this is a guarantee of
payment when due, and not of collection, and that this Guaranty may be enforced
up to the full amount of the Guaranteed Obligations without proceeding against
the Borrower, against any security for the Guaranteed Obligations, against any
other Guarantor or under any other guaranty covering any portion of the
Guaranteed Obligations.
SECTION 2. GUARANTY ABSOLUTE. The Guarantors guarantee that the
-----------------
Guaranteed Obligations will be paid strictly in accordance with the terms of the
Loan Documents, regardless of any law, regulation or order now or hereafter in
effect in any jurisdiction affecting any of such terms or the rights of Lender
with respect thereto. The liability of each Guarantor under this Guaranty shall
be primary, absolute and unconditional in accordance with its terms and shall
remain in full force and effect without regard to, and shall not be released,
suspended, discharged, terminated or otherwise affected by, any circumstance or
occurrence whatsoever, including, without limitation, the following (whether or
not such Guarantor consents thereto or has notice thereof):
(a) any change in the time, place or manner of payment of, the amount
of or in any other term of, all or any of the Guaranteed Obligations,
any waiver, indulgence, renewal, extension, amendment or modification
of or addition, consent or supplement to or deletion from or any other
action or inaction under or in respect of the Loan Agreement, the
other Loan Documents, or any other
2
<PAGE>
documents, instruments or agreements relating to the Guaranteed
Obligations or any other instrument or agreement referred to therein
or any assignment or transfer of any thereof;
(b) any lack of validity or enforceability of the Loan Agreement, the
other Loan Documents, or any other document, instrument or agreement
referred to therein or any assignment or transfer of any thereof;
(c) any furnishing to the Lender of any additional security for the
Guaranteed Obligations, or any sale, exchange, release or surrender
of, or realization on, any security for the Guaranteed Obligations;
(d) any release, adjustment, settlement or compromise of any of the
Guaranteed Obligations, any security therefor, or any liability of any
other party with respect to the Guaranteed Obligations, or any
subordination of the payment of the Guaranteed Obligations to the
payment of any other liability of the Borrower;
(e) any bankruptcy, insolvency, reorganization, composition,
adjustment, dissolution, liquidation or other like proceeding relating
to any other Guarantor or the Borrower, or any action taken with
respect to this Guaranty by any trustee or receiver, or by any court,
in any such proceeding;
(f) any nonperfection of any security interest or lien on any
collateral, or any amendment or waiver of or consent to departure from
any guaranty or security, for all or any of the Guaranteed
Obligations;
(g) any application of sums paid by the Borrower or any other Person
with respect to the liabilities of the Borrower to the Lender,
regardless of what liabilities of the Borrower remain unpaid;
(h) any act or failure to act by Lender which may adversely affect a
Guarantor's subrogation rights, if any, against the Borrower to
recover payments made under this Guaranty; and
(i) any other circumstance which might otherwise constitute a defense
available to, or a discharge or release of, any Guarantor.
If claim is ever made upon Lender for repayment or recovery of any amount or
amounts received in payment or on account of any of the Guaranteed Obligations,
and Lender repays all or part of said amount by reason of (i) any judgment,
decree or order of any court or administrative body having jurisdiction over the
Lender
3
<PAGE>
or any of its property, or (ii) any settlement or compromise of any such claim
effected by the Lender with any such claimant (including the Borrower or a
trustee in bankruptcy for the Borrower), then and in such event the Guarantors
agree that any such judgment, decree, order, settlement or compromise shall be
binding on it, notwithstanding any revocation hereof or the cancellation of the
Loan Agreement, the other Loan Documents, or any other instrument evidencing any
liability of the Borrower, and the Guarantors shall be and remain liable to the
Lender for the amounts so repaid or recovered to the same extent as if such
amount had never originally been paid to the Lender.
SECTION 3. WAIVER. The Guarantors hereby waive notice of acceptance
------
of this Guaranty, notice of any liability to which it may apply, and further
waive presentment, demand for payment, protest, notice of dishonor or nonpayment
of any such liabilities, suit or taking of other action by the Lender against,
and any other notice to, the Borrower or any other party liable with respect to
the Guaranteed Obligations (including the Guarantors or any other Person
executing a guaranty of the obligations of the Borrower) and all other defenses,
offsets and counterclaims which any Guarantor may at any time have to any claim
of Lender against the Borrower.
SECTION 4. WAIVER OF SUBROGATION. No Guarantor will exercise any
---------------------
rights against the Borrower which it may acquire by way of subrogation or
contribution, by any payment made hereunder or otherwise. Each Guarantor hereby
expressly waives any claim, right or remedy which such Guarantor may now have or
hereafter acquire against the Borrower that arises hereunder and/or from the
performance by any Guarantor hereunder, including, without limitation, any
claim, right or remedy of the Lender against the Borrower or any security which
the Lender now has or hereafter acquires, whether or not such claim, right or
remedy arises in equity, under contract, by statute, under color of law or
otherwise.
SECTION 5. SEVERABILITY. Any provision of this Guaranty which is
------------
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.
SECTION 6. AMENDMENTS, ETC. No amendment or waiver of any provision
---------------
of this Guaranty nor consent to any departure by a Guarantor therefrom shall in
any event be effective unless the same shall be in writing executed by the
Lender.
SECTION 7. NOTICES. All notices and other communications provided for
-------
hereunder shall be given in the manner specified in the Loan Agreement (i) in
the case of the Lender, at the address specified for the Lender in the Loan
4
<PAGE>
Agreement, and (ii) in the case of the Guarantors, at the respective addresses
specified for such Guarantors in this Guaranty.
SECTION 8. NO WAIVER; REMEDIES. No failure on the part of the Lender
-------------------
to exercise, and no delay in exercising, any right hereunder shall operate as a
waiver thereof; nor shall any single or partial exercise of any right hereunder
preclude any other or further exercise thereof or the exercise of any other
right. No notice to or demand on any Guarantor in any case shall entitle such
Guarantor to any other further notice or demand in any similar or other
circumstances or constitute a waiver of the rights of the Lender to any other or
further action in any circumstances without notice or demand. The remedies
herein provided are cumulative and not exclusive of any remedies provided by
law.
SECTION 9. RIGHT OF SET OFF. In addition to and not in limitation of
----------------
all rights of offset that the Lender may have under applicable law, the Lender
shall, upon the occurrence of any Event of Default and whether or not the Lender
have made any demand or the Guaranteed Obligations are matured, have the right
to appropriate and apply to the payment of the Guaranteed Obligations, all
deposits of any Guarantor (general or special, time or demand, provisional or
final) then or thereafter held by and other indebtedness or property then or
thereafter owing by the Lender to any Guarantor, whether or not related to this
Guaranty or any transaction hereunder. The Lender shall promptly notify the
relevant Guarantor of any offset hereunder.
SECTION 10. CONTINUING GUARANTY; BINDING EFFECT; INUREMENT. This
----------------------------------------------
Guaranty is a continuing guaranty and shall (i) remain in full force and effect
until payment in full of the Guaranteed Obligations and all other amounts
payable under this Guaranty and the termination of the Loans, (ii) be binding
upon each Guarantor, its successors and assigns, and (iii) inure to the benefit
of and be enforceable by the Lender, its successors, transferees and assigns.
SECTION 11. GOVERNING LAW; SUBMISSION TO JURISDICTION; FULL FAITH AND
---------------------------------------------------------
CREDIT; WAIVER OF JURY TRIAL.
- ----------------------------
(A) THIS GUARANTY AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAWS OF
THE STATE OF FLORIDA (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES
THEREOF).
(B) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS GUARANTY OR
OTHERWISE RELATED HERETO MAY BE BROUGHT IN THE CIRCUIT COURT OF ORANGE COUNTY OF
THE STATE OF FLORIDA OR ANY OTHER COURT OF THE STATE OF FLORIDA OR OF THE UNITED
STATES OF AMERICA FOR THE MIDDLE DISTRICT OF FLORIDA, AND, BY EXECUTION AND
DELIVERY OF THIS GUARANTY, EACH GUARANTOR HEREBY CONSENTS, FOR ITSELF AND IN
RESPECT OF ITS PROPERTY, TO THE JURISDICTION OF THE
5
<PAGE>
AFORESAID COURTS SOLELY FOR THE PURPOSE OF ADJUDICATING ITS RIGHTS OR THE RIGHTS
OF THE LENDER WITH RESPECT TO THIS GUARANTY OR ANY DOCUMENT RELATED HERETO.
EACH GUARANTOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING, WITHOUT
LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF
FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY
- --------------------
ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS IN RESPECT OF THIS
GUARANTY OR ANY DOCUMENT RELATED THERETO. NOTHING HEREIN SHALL AFFECT THE RIGHT
OF THE LENDER TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY
GUARANTOR IN ANY OTHER JURISDICTION.
(C) TO THE EXTENT THAT LENDER OBTAINS ANY JUDGMENT AGAINST ANY
GUARANTOR UNDER THIS GUARANTY, THE GUARANTORS DO HEREBY AGREE THAT SUCH JUDGMENT
SHALL BE ENTITLED TO "FULL FAITH AND CREDIT" WITH THE SAME FORCE AND EFFECT AS
IF SUCH JUDGMENT WAS RENDERED AGAINST SUCH GUARANTOR BY A COURT OR OTHER
TRIBUNAL LOCATED IN THE DOMICILE OF SUCH GUARANTOR, IF DIFFERENT FROM THAT IN
WHICH SUCH JUDGMENT IS RENDERED. THE GUARANTORS HEREBY AGREE TO THE VALIDITY
AND ENFORCEABILITY OF ANY SUCH JUDGMENT AND SHALL NOT SEEK TO CHALLENGE OR "GO
BEHIND" THE FACE OF SUCH JUDGMENT.
(D) TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH GUARANTOR HEREBY
KNOWINGLY, VOLUNTARILY, INTENTIONALLY AND IRREVOCABLY WAIVES ALL RIGHT OF TRIAL
BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN
CONNECTION WITH THIS GUARANTY OR ANY OTHER LOAN DOCUMENT OR ANY MATTER ARISING
IN CONNECTION HEREUNDER OR THEREUNDER. THIS PROVISION IS A MATERIAL INDUCEMENT
FOR THE LENDER TO EXTEND CREDIT TO OR OTHERWISE BECOME OR REMAIN A CREDITOR OF
THE BORROWER. FURTHER, GUARANTORS HEREBY CERTIFY THAT NO REPRESENTATIVE OR
AGENT OF THE LENDER NOR ANY COUNSEL FOR THE LENDER HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT THE LENDER WOULD NOT, IN THE EVENT OF SUCH LITIGATION, SEEK TO
ENFORCE THIS WAIVER OF RIGHT OF JURY TRIAL PROVISION. NO REPRESENTATIVE OR
AGENT OF THE LENDER NOR COUNSEL FOR THE LENDER HAS THE AUTHORITY TO WAIVE,
CONDITION OR MODIFY THIS PROVISION.
SECTION 12. SUBORDINATION OF THE BORROWER'S OBLIGATIONS TO THE
--------------------------------------------------
GUARANTORS. As an independent covenant, each Guarantor hereby expressly
- ----------
covenants and agrees for the benefit of the Lender and that all obligations and
liabilities of the Borrower to such Guarantor of whatsoever description
including, without limitation, all intercompany receivables of such Guarantor
from the Borrower ("Junior Claims") shall be subordinate and junior in right of
payment to all obligations of the Borrower to the Lender under the terms of the
Loan Agreement and the other Loan Documents ("Senior Claims").
If an Event of Default shall occur, then, unless and until such Event
of Default shall have been cured, waived, or shall have ceased to exist, no
direct or indirect payment (in cash, property, securities by setoff or
otherwise) shall be made by the Borrower to any Guarantor on account of or in
any manner in respect of any Junior Claim except such payments and
6
<PAGE>
distributions the proceeds of which shall be applied to the payment of Senior
Claims.
In the event of a Proceeding (as hereinafter defined), all Senior
Claims shall first be paid in full before any direct or indirect payment or
distribution (in cash, property, securities by setoff or otherwise) shall be
made to any Guarantor on account of or in any manner in respect of any Junior
Claim except such payments and distributions the proceeds of which shall be
applied to the payment of Senior Claims. For the purposes of the previous
sentence, "Proceeding" means the Borrower or any Guarantor shall commence a
voluntary case concerning itself under the Bankruptcy Code or any other
applicable bankruptcy laws; or any involuntary case is commenced against the
Borrower or any Guarantor; or a custodian (as defined in the Bankruptcy Code or
any other applicable bankruptcy laws) is appointed for, or takes charge of, all
or any substantial part of the property of the Borrower or any Guarantor, or the
Borrower or any Guarantor commences any other proceedings under any
reorganization arrangement, adjustment of debt, relief of debtor, dissolution,
insolvency or liquidation or similar law of any jurisdiction whether now or
hereafter in effect relating to the Borrower or any Guarantor, or any such
proceeding is commenced against the Borrower or any Guarantor, or the Borrower
or any Guarantor is adjudicated insolvent or bankrupt; or any order of relief or
other order approving any such case or proceeding is entered; or the Borrower or
any Guarantor suffers any appointment of any custodian or the like for it or any
substantial part of its property; or the Borrower or any Guarantor makes a
general assignment for the benefit of creditors; or the Borrower or any
Guarantor shall fail to pay, or shall state that it is unable to pay, or shall
be unable to pay, its debts generally as they become due; or the Borrower or any
Guarantor shall call a meeting of its creditors with a view to arranging a
composition or adjustment of its debts; or the Borrower or any Guarantor shall
by any act or failure to act indicate its consent to, approval of or
acquiescence in any of the foregoing; or any corporate action shall be taken by
the Borrower or any Guarantor for the purpose of effecting any of the foregoing.
In the event any direct or indirect payment or distribution is made to
a Guarantor in contravention of this Section 12, such payment or distribution
shall be deemed received in trust for the benefit of the Lender and shall be
immediately paid over to the Lender for application against the Guaranteed
Obligations in accordance with the terms of the Loan Agreement.
Each Guarantor agrees to execute such additional documents as the
Lender may reasonably request to evidence the subordination provided for in this
Section 12.
7
<PAGE>
SECTION 13. AUTOMATIC ACCELERATION IN CERTAIN EVENTS. Upon the
----------------------------------------
occurrence of an Event of Default specified in Section 8 of the Loan Agreement,
all Guaranteed Obligations shall automatically become immediately due and
payable by the Guarantors, without notice or other action on the part of the
Lender, and regardless of whether payment of the Guaranteed Obligations by the
Borrower has then been accelerated. In addition, if any event of the types
described in Section 8 of the Loan Agreement should occur with respect to any
Guarantor, then the Guaranteed Obligations shall automatically become
immediately due and payable by such Guarantor, without notice or other action on
the part of the Lender, and regardless of whether payment of the Guaranteed
Obligations by the Borrower has then been accelerated.
SECTION 14. SAVINGS CLAUSE.
--------------
(a) It is the intent of each Guarantor and the Lender that each
Guarantor's maximum obligations hereunder shall be, but not in excess of:
(i) in a case or proceeding commenced by or against such
Guarantor under the Bankruptcy Code on or within one year from the date on
which any of the Guaranteed Obligations are incurred, the maximum amount
which would not otherwise cause the Guaranteed Obligations (or any other
obligations of such Guarantor to the Lender) to be avoidable or
unenforceable against such Guarantor under (A) Section 548 of the
Bankruptcy Code or (B) any state fraudulent transfer or fraudulent
conveyance act or statute applied in such case or proceeding by virtue of
Section 544 of the Bankruptcy Code; or
(ii) in a case or proceeding commenced by or against such
Guarantor under the Bankruptcy Code subsequent to one year from the date on
which any of the Guaranteed Obligations are incurred, the maximum amount
which would not otherwise cause the Guaranteed Obligations (or any other
obligations of the Guarantor to the Lender) to be avoidable or
unenforceable against such Guarantor under any state fraudulent transfer or
fraudulent conveyance act or statute applied in any such case or proceeding
by virtue of Section 544 of the Bankruptcy Code; or
(iii) in a case or proceeding commenced by or against such
Guarantor under any law, statute or regulation other than the Bankruptcy
Code (including, without limitation, any other bankruptcy, reorganization,
arrangement, moratorium, readjustment of debt, dissolution, liquidation or
similar debtor relief laws), the maximum amount which would not otherwise
cause the Guaranteed Obligations (or any other obligations of such
Guarantor to the Lender) to be avoidable or unenforceable against such
Guarantor under such law, statute or regulation including,
8
<PAGE>
without limitation, any state fraudulent transfer or fraudulent conveyance
act or statute applied in any such case or proceeding.
(The substantive laws under which the possible avoidance or unenforceability of
the Guaranteed Obligations (or any other obligations of such Guarantor to the
Lender) shall be determined in any such case or proceeding shall hereinafter be
referred to as the "Avoidance Provisions").
(b) To the extent set forth in Section 14(a) above, but only to the
extent that the Guaranteed Obligations would otherwise be subject to avoidance
under the Avoidance Provisions if such Guarantor is not deemed to have received
valuable consideration, fair value or reasonably equivalent value for the
Guaranteed Obligations, or if the Guaranteed Obligations would render the
Guarantor insolvent, or leave the Guarantor with an unreasonably small capital
to conduct its business, or cause the Guarantor to have incurred debts (or to
have intended to have incurred debts) beyond its ability to pay such debts as
they mature, in each case as of the time any of the Guaranteed Obligations are
deemed to have been incurred under the Avoidance Provisions and after giving
effect to contribution as among Guarantors, the maximum Guaranteed Obligations
for which such Guarantor shall be liable hereunder shall be reduced to that
amount which, after giving effect thereto, would not cause the Guaranteed
Obligations (or any other obligations of such Guarantor to the Lender), as so
reduced, to be subject to avoidance under the Avoidance Provisions. This
Section 14 is intended solely to preserve the rights of the Lender hereunder to
the maximum extent that would not cause the Guaranteed Obligations of any
Guarantor to be subject to avoidance under the Avoidance Provisions, and neither
such Guarantor nor any other Person shall have any right or claim under this
Section 14 as against the Lender that would not otherwise be available to such
Person under the Avoidance Provisions.
(c) None of the provisions of this Section 14 are intended in any
manner to alter the obligations of any holder of debt which has been
subordinated to the Guaranteed Obligations on terms and conditions satisfactory
to the Lender ("Subordinated Debt") or the rights of the holders of "senior
indebtedness" as provided by the terms of the Subordinated Debt. Accordingly,
it is the intent of each of the Guarantors that, in the event that any payment
or distribution is made with respect to the Subordinated Debt prior to the
payment in full of the Guaranteed Obligations by virtue of the provisions of
this Section 14, in any case or proceeding of the kinds described in clauses
(i)-(iii) of Section 14(a), the holders of the Subordinated Debt shall be
obligated to pay or deliver such payment or distribution to or for the benefit
of the Lender. Furthermore, in respect of the Avoidance Provisions, it is the
intent of each Guarantor that the subrogation rights of the holders of
Subordinated Debt with
9
<PAGE>
respect to the obligations of the Guarantor under this Guaranty, be subject in
all respects to the provisions of Section 14(b).
SECTION 15. INFORMATION. Each of the Guarantors assumes all
-----------
responsibility for being and keeping itself informed of the Borrower's financial
condition and assets, and of all other circumstances bearing upon the risk of
nonpayment of the Guaranteed Obligations and the nature, scope and extent of the
risks that such Guarantor assumes and incurs hereunder, and agrees that the
Lender will not have any duty to advise any of the Guarantors of information
known to it regarding such circumstances or risks.
SECTION 16. REPRESENTATIONS AND WARRANTIES. Each Guarantor represents
------------------------------
and warrants as to itself that all representations and warranties relating to it
contained in Section 5 of the Loan Agreement are true and correct.
SECTION 17. SURVIVAL OF AGREEMENT. All agreements, representations
---------------------
and warranties made herein shall survive the execution and delivery of this
Guaranty and the Loan Agreement, the making of the Loans and the execution and
delivery of the Notes and the other Loan Documents.
SECTION 18. COUNTERPARTS. This Guaranty and any amendments, waivers,
------------
consents or supplements may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts
together shall constitute but one and the same instrument.
IN WITNESS WHEREOF, each Guarantor has caused this Guaranty to be duly
executed and delivered by their respective duly authorized officers as of the
date first above written.
GUARANTORS:
ATTEST AUDIO COMMUNICATIONS NETWORK, INC.,
a Maryland corporation
/s/ Doris K. Krummenacker By: /s/ A. J. Schell
- --------------------------- --------------------------
Doris K. Krummenacker, A. J. Schell,
Secretary President
Address for Notices:
3 Nashua Court, Suite B
Baltimore, Maryland 21221
10
<PAGE>
ATTEST AUDIO COMMUNICATIONS NETWORK, INC.,
F/K/A MUSIC SERVICES, INC., a
Missouri corporation
/s/ Doris K. Krummenacker By: /s/ A. J. Schell
- ------------------------- --------------------------------
Doris K. Krummenacker, A. J. Schell,
Secretary President
Address for Notices:
1636 Broadway
Kansas City, Missouri 64108
ATTEST AMERICAN MUSIC NETWORK, INC., a
California corporation
/s/ Doris K. Krummenacker By: /s/ A. J. Schell
- --------------------------- --------------------------------
Doris K. Krummenacker, A. J. Schell,
Secretary President
Address for Notices:
1031 E. Belmont Avenue
Fresno, California 93701
ATTEST FLORIDA AUDIO ENGINEERING COMPANY,
a Florida corporation
/s/ Doris K. Krummenacker By: /s/ A. J. Schell
- --------------------------- --------------------------------
Doris K. Krummenacker, A. J. Schell,
Secretary President
Address for Notices:
3016 Mercury Road South
Jacksonville, FL 32207
11
<PAGE>
SECTION 12 OF THE
FOREGOING GUARANTY
ACKNOWLEDGED AND
AGREED TO:
AUDIO COMMUNICATIONS NETWORK, INC.
By: /s/ A. J. Schell
----------------------------
A. J. Schell, President
ATTEST
/s/ Doris K. Krummenacker
- -------------------------------
Doris K. Krummenacker, Secretary
(CORPORATE SEAL)
12
<PAGE>
EXHIBIT "A"
-----------
<TABLE>
<CAPTION>
================================================================================
NAME OF GUARANTOR STATE OF INCORPORATION
================================================================================
<S> <C>
Audio Communications Network, Maryland
Inc.
- --------------------------------------------------------------------------------
Audio Communications Network, Missouri
Inc., f/k/a Music Services,
inc.
- --------------------------------------------------------------------------------
American Music Network, Inc. California
- --------------------------------------------------------------------------------
Florida Audio Engineering Florida
Company
================================================================================
</TABLE>
13
<PAGE>
EXHIBIT 3
[Jacksonville, FL]
MUZAK(R)
LICENSE AGREEMENT
Dated January 1, 1990
<PAGE>
MUZAK(R)
LICENSE AGREEMENT
TABLE OF CONTENTS
I. GRANT OF LICENSE................................................. 3
1.1 As to Services............................................. 3
1.2 As to Proprietary Marks.................................... 4
1.3 Rights Retained............................................ 4
II. PROVISION OF SERVICES............................................ 5
2.1 Services................................................... 5
2.2 Satellite-Delivered Services............................... 6
2.3 Delivery by Recorded Media................................. 9
2.4 Adjunct Services........................................... 10
2.5 Alternate Delivery Means................................... 10
2.6 Service Delivery Equipment................................. 11
III. TERM............................................................. 12
3.1 Term....................................................... 12
3.2 Renewal of Rights.......................................... 13
3.3 Notice from Licensee....................................... 17
IV. EXCLUSIVITY...................................................... 17
4.1 In the Territory........................................... 17
4.2 Future Services............................................ 18
4.3 No Other Services.......................................... 18
4.4 Promotion of All Services.................................. 21
V. STANDARDS OF SERVICE AND TRAINING................................ 21
5.1 Operations in General...................................... 21
5.2 Sales...................................................... 22
5.3 Protection of Services..................................... 23
5.4 Training................................................... 24
5.5 Confidentiality............................................ 25
VI. FEES AND ROYALTIES............................................... 26
6.1 Initial Fee................................................ 26
6.2 Market Fee................................................. 27
6.3 Royalty Fee................................................ 28
6.4 DBS Surcharge.............................................. 28
6.5 Recorded Media Charges..................................... 29
6.6 Adjunct Services Charges................................... 29
6.7 Payment Schedule........................................... 29
6.8 Gross Billings............................................. 30
i
<PAGE>
VII. RECORDS, REPORTS, AND INSPECTIONS................................ 31
7.1 Records.................................................... 31
7.2 Reports.................................................... 32
7.3 Audit...................................................... 32
VIII. MARKETING AND PROMOTION.......................................... 35
8.1 Advertisements............................................. 35
8.2 Yellow-Pages Advertising................................... 36
8.3 Additional Assistance by Muzak............................. 36
IX. MULTI-TERRITORY ACCOUNTS PROGRAM; CABLE RADIO/TV................. 36
X. DEFAULT AND TERMINATION OF THIS AGREEMENT........................ 38
10.1 Default of Licensee....................................... 38
10.2 Default of Muzak.......................................... 41
10.3 Additional Remedies....................................... 42
10.4 Force Majeure............................................. 43
XI. RELATIONSHIP OF THE PARTIES UPON TERMINATION OR
EXPIRATION OF THIS AGREEMENT..................................... 43
11.1 Action Required of Licensee............................... 43
11.2 Action Required of Muzak.................................. 44
XII. TRANSFER OF BUSINESS OR CONTROL OF LICENSEE...................... 45
12.1 By Licensee and its Owners................................ 45
12.2 Consent of Muzak.......................................... 45
12.3 Collateral................................................ 47
12.4 Transfer to Family Member................................. 48
12.5 By Muzak.................................................. 48
XIII. PROPRIETARY MARKS................................................ 48
13.1 Ownership................................................. 48
13.2 Infringement.............................................. 49
13.3 Use....................................................... 49
13.4 Substitution of Proprietary Marks......................... 50
XIV. MISCELLANEOUS.................................................... 51
14.1 Representations of Licensee............................... 51
14.2 Representations of Muzak.................................. 51
14.3 Independent Contractor.................................... 52
14.4 Release................................................... 52
14.5 No Waiver................................................. 53
14.6 Notices................................................... 54
14.7 Entire Agreement.......................................... 55
14.8 Severability.............................................. 55
ii
<PAGE>
14.9 Captions................................................. 55
14.10 Binding Effect........................................... 56
14.11 Counterparts............................................. 56
14.12 Attorney's Fees.......................................... 56
14.13 Applicable Law........................................... 56
14.14 All Remedies............................................. 56
14.15 Limitation............................................... 57
14.16 No Warranties............................................ 57
14.17 No Implied Rights........................................ 58
14.18 Survival................................................. 58
14.19 Conversion............................................... 59
14.20 Most Favorable Terms..................................... 59
XV. ACKNOWLEDGEMENTS................................................. 60
15.1 Independent Investigations................................ 60
15.2 Disclosure................................................ 60
15.3 Opportunity to Review..................................... 61
EXHIBITS
- --------
Exhibit A - Music Services
Exhibit B - Adjunct Services (Music-Related and Other)
Exhibit C - Marks
Exhibit D - Technical Specifications
Exhibit E - Sales of Adjunct Services
Exhibit F - Adjunct Services Revenue Sharing
Exhibit G - MUZAK(R) Multi-Territory Accounts Program
Exhibit H - Agreements Not To Be Superseded
iii
<PAGE>
MUZAK(R)
LICENSE AGREEMENT
THIS MUZAK(R) LICENSE AGREEMENT ("Agreement") is made and entered into this
1st day of January, 1991, by and between MUZAK LIMITED PARTNERSHIP, a Delaware
limited partnership ("Muzak"), and FLORIDA SOUND ENGINEERING COMPANY, a Florida
corporation ("Licensee").
RECITALS:
--------
WHEREAS, Muzak has developed and owns a system (the "Muzak System") for the
production and delivery to licensees and subscribers of licensees of
subscription music services, adjunct communications services, and related
equipment, which system currently includes Muzak's unique software control
system for satellite distribution of multiple program services;
WHEREAS, the characteristics of the Muzak System also include, without
limitation, subscription music services, with certain unique and varied program
contents developed using distinctive and, in some cases, proprietary program-
scheduling techniques, which are set forth in Exhibit A attached hereto and
incorporated herein by reference (the "Music Services"); distinctive adjunct
services relating to the sequencing, changing, and switching of music-program
communications (the "Music-Related Adjunct Services") and to the delivery of
advertising, data and
1
<PAGE>
video communications (the "Other Adjunct Services"), (collectively the "Adjunct
Services"), which are set forth in Exhibit B attached hereto and incorporated
herein by reference; and delivery methods and procedures for both the Music
Services and the Adjunct Services (jointly, the "Services");
WHEREAS, Muzak identifies the Muzak System and the Services by means of
certain trade names, service marks, trademarks, logos, emblems, and indicia of
origin, including but not limited to the mark "MUZAK(R)," and such other trade
names, service marks, and trademarks as are set forth on Exhibit C attached
hereto and incorporated herein by reference (the "Proprietary Marks"), which
Proprietary Marks represent Muzak's high standards of quality and service; and
WHEREAS, Licensee desires to market and distribute the Services to
customers (the "Subscribers") who enter into agreements providing for receipt of
the Services at certain locations (the "Subscriber Premises"), and wishes to
obtain a license for that purpose from Muzak;
NOW, THEREFORE, the parties, in consideration of the undertakings and
commitments of each party to the other party set forth herein, hereby agree as
follows:
2
<PAGE>
I. GRANT OF LICENSE
----------------
1.1 As to Services.
--------------
(a) Subject to the terms and conditions herein contained, Muzak hereby
grants to Licensee an exclusive license, and Licensee hereby agrees, to engage
in the business of providing the Services to Subscribers at Subscriber Premises
located solely within the following areas (such areas being hereinafter referred
to as the "Territory"): the Counties of Alachua, Baker, Bradford, Clay,
-----------------------------------------------
Columbia, Dixie, Duval, Flagler, Gilchrist, Hamilton, Lafayette, Levy,
- ----------------------------------------------------------------------
Nassau, Putnam, St. Johns, Suwannee, and Union in the State of Florida, and the
- -------------------------------------------------------------------------------
Counties of Appling, Bacon, Brantley, Camden, Charlton, Glynn, Jeff Davis,
- --------------------------------------------------------------------------
Mcintosh, Pierce, Ware, and Wayne in the State of Georgia. Except as
- ---------------------------------------------------------
specifically authorized by the Multi-Territory Sales Committee in connection
with the Multi-Territory Accounts Program as described in Article IX below and
Exhibit G attached hereto, or by Muzak in connection with certain Adjunct
Services sales as described in Exhibit E attached hereto, Licensee shall not
provide the Services to Subscriber Premises located outside the Territory.
(b) Licensee and Muzak recognize that some outlying areas of the
Territory may at some future date be more efficiently served by a Muzak licensee
who operates in a
3
<PAGE>
territory adjoining the Territory. Licensee therefore shall have the right at
any time to present to Muzak a written request for reallocation of such outlying
areas of the Territory to an adjoining licensee. Any such reallocation shall be
effective upon the written consent thereto of both Muzak and the adjoining
licensee. Muzak's consent shall not be unreasonably withheld.
1.2 As to Proprietary Marks. Subject to the terms and conditions herein
-----------------------
contained, Muzak grants to Licensee, and Licensee accepts, a license to use the
Proprietary Marks solely in connection with Licensee's provision of the Services
as provided in this Agreement. Licensee shall at all times seek to market and
sell the Services through use of the Proprietary Marks.
1.3 Rights Retained. The grant of rights in Sections 1.1 and 1.2 above
---------------
does not include the grant of the following rights, which are retained by Muzak:
(a) The right to use, and to license others to use, the Muzak System
and the Proprietary Marks for the provision of the Services to Subscriber
Premises which are located outside the Territory.
(b) The right to provide the Services, and to use the Proprietary
Marks in connection therewith, to transportation
4
<PAGE>
common carriers (including, without limitation, operators of automobiles, ships,
airplanes, trains, or buses) which sell or provide transportation common carrier
services, in whole or in part, within the Territory, it being understood that
the reservation of such right shall not be construed as limiting Licensee's
right to provide the Services to transportation common carriers located wholly
within the Territory.
(c) The right to provide a foreground music service by Recorded Media
(as hereinafter defined) under the "YESCO(R)" name and trademark to existing
dealers of the "YESCO(R)" Foreground Music Service and their customers pursuant
to existing contractual obligations or agreements with such dealers; provided,
however, that Muzak shall not authorize such dealers to distribute any of the
Services or use the Proprietary Marks within the Territory.
II. PROVISION OF SERVICES
---------------------
2.1 Services. Muzak shall supply Licensee with the Services for and
--------
during the term hereof, for use by Licensee solely in accordance with the terms
of this Agreement. Muzak reserves the right to add a Service and, except with
respect to the "Environmental Music by MUZAK(R)" and the "Foreground Music
One(R)" Music Services, to substitute a different Service or discontinue the
distribution of a Service, if Muzak reasonably
5
<PAGE>
determines that such addition, substitution, or discontinuation will be
beneficial to its business and the business of its licensees in general and
gives Licensee at least six (6) months' prior notice of such addition,
substitution or discontinuation. Any such addition, substitution or
discontinuation will be reflected in an amendment of Exhibit A or Exhibit B, as
the case may be, and will not affect the validity of this Agreement, which
shall, in all respects, be deemed modified to provide for such addition,
substitution, or discontinuation.
2.2 Satellite-Delivered Services.
----------------------------
(a) Subject to Section 2.3, Licensee agrees to deliver the Music
Services to Subscribers by such means as meet the standards and technical
specifications set forth in Exhibit D attached hereto and incorporated herein by
reference and the other terms and conditions of this Agreement. Muzak may
modify the standards and specifications set forth in Exhibit D from time to time
if Muzak reasonably believes that such modifications are necessary to maintain
or improve the quality of delivery of the Services to Subscribers or to maintain
or improve the effectiveness or quality, or reduce the price, of the Service
Delivery Equipment (as hereinafter defined); provided, however, that no such
modifications shall have the effect of rendering the satellite receivers and
associated antennae (collectively, the "Earth Stations") then in use by Licensee
or Subscribers in the
6
<PAGE>
Territory incapable of receiving satellite transmissions, or any other equipment
then in use by Licensee or Subscribers in the Territory for the reception of the
Services incapable of receiving the Services, unless such modifications are
necessitated by law or by the exercise of the rights of third parties under the
express terms of Muzak's satellite-space contracts; and provided further, that
Muzak shall provide Licensee with six (6) months' prior notice of any changes to
those standards and specifications in Exhibit D that pertain to the Service
Delivery Equipment and Licensee's obligations under Section 2.6 below.
(b) In the event that the Services are delivered by "Direct-Broadcast
Satellite" ("DBS"), which permits the satellite transmission of Services by
Muzak directly to the premises of a Subscriber, the following shall apply:
(i) Muzak shall, promptly after receipt of written notice from
Licensee, commence DBS delivery of the Services to Subscribers who have
Earth Stations suitable for receipt of such delivery. Subject to the
provisions of Exhibits E and G hereto, if Muzak delivers Services by DBS
directly to the Subscriber Premises, Muzak shall not discontinue such
delivery until the earlier of the following: (A) the date which Licensee
designates, or (B) one hundred eighty (180) days after the effective date
of the
7
<PAGE>
termination or expiration (without renewal of license rights) of this
Agreement. In the event Muzak discontinues delivery of Services in
violation of this subsection (b)(i), Muzak agrees to the granting of a
temporary injunction against it on the condition that the duration of such
injunction does not exceed ten (10) days. Such injunction may be granted
on an ex parte basis if Muzak fails to appear at the hearing following
-- -----
twelve (12) hours' notice by telephone to the twenty-four (24) hour
telephone number of the Muzak DBS Division. During the ten (10) day
temporary injunction period, Licensee may seek to have such temporary
relief converted to a permanent injunction in a hearing on the merits
following appropriate notice to Muzak.
(ii) During the above-referenced 180-day (or shorter, if
Licensee so designates) period, Licensee shall remain obligated to perform
the duties and be subject to the restrictions applicable to it under the
terms of this Agreement with respect to such continuing DBS delivery of the
Services, including without limitation those terms which obligate Licensee
to pay royalties, fees, charges, and surcharges (but only with respect to
Gross Billings [as hereinafter defined] and fees and charges to Subscribers
served by means of DBS), but not including terms which require Licensee to
pay a market fee or which restrict Licensee from offering or selling the
services of others.
8
<PAGE>
During such 180-day (or shorter) period, under no circumstances shall
Licensee use the Proprietary Marks except as necessary in association with
the continuing provision of the Services by DBS to Subscribers. In
addition, during such period Muzak shall not be precluded from appointing
one or more distributors of the Services in the Territory and from giving
to such distributors any rights previously accorded to Licensee under this
Agreement or any related agreement.
2.3 Delivery by Recorded Media. Certain Services, as reasonably
--------------------------
designated by Muzak, may be delivered by means of, among other things, magnetic
tape or compact disc, in analog or digital form (the "Recorded Media"). Muzak
shall at all times retain title to, and all ownership rights in, any Recorded
Media, whether furnished to Licensee or to a Subscriber. Licensee shall not
sell, assign, transfer, convey, give away, pledge, mortgage, or otherwise
encumber any Recorded Media. Licensee shall (i) prohibit all Subscribers who
receive Services delivered by Recorded Media from selling, assigning,
transferring, conveying, giving away, pledging, mortgaging, or otherwise
encumbering any of such Recorded Media, (ii) promptly notify Muzak in the event
it becomes aware that any Subscriber has violated any such prohibition, (iii)
cooperate with Muzak in the immediate termination of the provision of Services
to any Subscriber which has violated any such prohibition, and (iv) take such
further
9
<PAGE>
action as is requested by Muzak (at Muzak's expense) to enforce such
prohibition.
2.4 Adjunct Services. All sales of the Adjunct Services shall be
----------------
conducted in the manner provided in Exhibit E attached hereto and incorporated
herein by reference.
2.5 Alternate Delivery Means. In the event of a failure of Muzak's
------------------------
satellite transmissions of the Services, Muzak shall use its reasonable best
efforts promptly to restore such transmissions. In addition, by no later than
30 days after the date of this Agreement, Muzak shall provide Licensee with tape
cassettes (or other form of Recorded Media) containing 72 hours of
"Environmental Music by MUZAK(R)" programming and 72 hours of "Foreground Music
One(R)" programming, at no cost to Licensee, which Licensee shall retain for
emergency use in the event of a failure of Muzak's satellite transmissions of
the Music Services. Should any such failure of satellite transmissions continue
for a period in excess of 48 hours, Muzak shall use its reasonable best efforts
promptly to provide Licensee with additional tape cassettes (or other form of
Recorded Media), at no cost to Licensee, to be used until such failure has been
corrected. All Recorded Media provided to Licensee or to Subscribers under the
terms of this Section 2.5 shall be subject to all other provisions of this
Agreement pertaining to Recorded Media, including, without limitation, Section
2.3.
10
<PAGE>
2.6 Service Delivery Equipment.
--------------------------
(a) Licensee, at its expense (except as provided in subsection (b)
below), shall obtain and maintain equipment (including, without limitation,
Earth Stations) to enable Licensee to receive and distribute the Services and
shall obtain and make available to the Subscribers equipment to enable the
Subscribers to receive the Services. (All equipment used to receive or
distribute the Services, including such equipment as is owned by Subscribers, is
hereinafter collectively referred to as the "Service Delivery Equipment.") The
Service Delivery Equipment, except Subscriber-owned equipment that is not sold
to the Subscriber by Licensee, shall conform to Muzak's standards and
specifications in effect on the date Licensee installs such Equipment at the
Subscriber Premises. The standards and specifications in effect as of the date
hereof are attached hereto in Exhibit D.
(b) Muzak shall, at no cost to Licensee, provide Licensee with two (2)
Earth Stations for Licensee's use (at such locations in the Territory as
Licensee determines) in receiving the Services during the term of this
Agreement. Muzak shall at all times retain title to, and all ownership rights
in, the Earth Stations that it provides to Licensee, and Licensee shall not
under any circumstances sell, assign, transfer, convey, give
11
<PAGE>
away, pledge, mortgage, or otherwise encumber such Earth Stations. Licensee
shall, at Muzak's expense (except with respect to the obtaining of any required
permits, which shall be at Licensee's expense up to $500 per Earth Station),
install the Earth Stations which Muzak provides to Licensee, and shall, at its
own expense, maintain such Earth Stations in good working condition; provided,
however, that in the event any Earth Station provided to Licensee is, through no
negligent or intentional act or failure to act of Licensee, defective or in need
of replacement parts or repair, Muzak, after receipt of notice thereof, shall
promptly provide or arrange for such replacement parts and repair as are
necessary to restore such Earth Station to good working order.
III. TERM
----
3.1 Term. Except as otherwise provided herein, the term of this Agreement
----
shall begin as of the date set forth in the introductory paragraph of this
Agreement and shall continue in full force and effect for a period of ten (10)
years from such date.
12
<PAGE>
3.2 Renewal of Rights.
-----------------
(a) If Muzak reasonably determines that the performance of Licensee
during the term stated in Section 3.1 is not sufficiently satisfactory to
warrant renewal of Licensee's license rights hereunder, then, at least two years
prior to the date of expiration described in Section 3.1 of this Agreement,
Muzak shall notify Licensee that it does not intend to renew Licensee's license
rights and provide the specific reasons for such decision. Such notification is
intended to give Licensee the opportunity to assign its rights under this
Agreement, or to make satisfactory its performance, it being understood that any
such assignment is subject to Muzak's prior approval as provided in Article XII
hereof.
(i) In determining whether or not to renew Licensee's license
rights, Muzak shall consider Licensee's performance under this Agreement.
In evaluating Licensee's performance, Muzak shall consider such factors as,
among others, the following: Licensee's total billings for all Services,
the trend of Licensee's new billings and cancellations (and the reasons
therefor), local market conditions and the degree of Licensee's market
penetration in the Territory.
13
<PAGE>
(ii) In the event Muzak notifies Licensee that Muzak does not
intend to renew Licensee's license rights because Muzak has reasonably
determined that Licensee's performance is not sufficiently satisfactory to
warrant renewal of Licensee's license rights hereunder, Licensee shall have
a period of six months from the date of such
notice to attempt to improve its performance. At the end of such six-month
period, Muzak shall reconsider the adequacy of Licensee's performance and
if such performance has sufficiently improved so that it is no longer
inadequate, Muzak shall rescind its notice of intention not to renew
Licensee's license rights. Conversely, if at the end of such six-month
period Muzak determines that Licensee's performance remains inadequate,
Muzak shall inform Licensee of the reasons for such determination and send
to Licensee a final notice of nonrenewal.
(b) Muzak shall also have the right not to renew Licensee's license
rights if Licensee engages in conduct which Muzak reasonably deems inimical to
the best interests of the Muzak System (including the interests of the MUZAK(R)
licensees in such System). The exercise of Muzak's rights as stated in this
subsection (b) shall be subject to the following conditions:
(i) In the event such conduct constitutes a breach of this
Agreement, Muzak shall have the absolute
14
<PAGE>
right not to renew Licensee's license rights, provided that Muzak has
notified Licensee of such breach, such breach occurred (or Muzak first
became aware of such breach) no more than six months before Muzak's
nonrenewal notice to Licensee, and Licensee has neither cured nor
challenged such breach within the period specified in Section 10.1(c)
hereof, and provided further that Muzak's nonrenewal notice to Licensee
states that it constitutes a final notice of nonrenewal; and
(ii) In the event that such conduct does not constitute a breach
of this Agreement, Muzak shall notify Licensee within 90 days of its
discovery of the objectionable conduct that it considers such conduct to be
inimical to the best interests of the Muzak System (including the interests
of the MUZAK(R) licensees in such System). If, after two such notices,
Licensee again engages in conduct which Muzak reasonably deems to be
inimical to the best interests of the Muzak System (including the interests
of the MUZAK(R) licensees in such System), then (whether or not such
conduct is similar to the conduct referred to in either of the earlier
notices) Muzak may notify Licensee of that fact and of the further fact
that as
15
<PAGE>
a result of such conduct, it does not intend to renew Licensee's license
rights. This notice shall constitute a final notice of nonrenewal.
(c) In the event that, in accordance with the provisions of this
Section 3.2, Muzak notifies Licensee of its intention not to renew Licensee's
license rights, then Muzak shall have no obligation to offer to renew such
license rights; provided, however, that if, in the case of the final nonrenewal
notice sent pursuant to subparagraph (a) or subparagraph (b)(ii) above, Licensee
challenges, by litigation commenced no later than 120 days after the date of
such final nonrenewal notice, the propriety of such notice, such notice shall
become effective only after such litigation is finally resolved in favor of
Muzak. It is understood and agreed that Licensee's right to challenge the final
nonrenewal notice sent under subparagraph (b)(i) of this Section 3.2 shall be
exercised, if at all, by means of Licensee's challenge under Section 10.1 of
this Agreement of the breach supporting such nonrenewal. For purposes hereof,
final resolution shall include Licensee's failure to make a timely appeal of a
court decision in favor of Muzak. If Muzak does not so notify Licensee, then
Muzak shall be required to offer to enter into a new license agreement with
Licensee upon expiration of this Agreement, which new license agreement shall
correspond to the form of license agreement which Muzak is then bona fide
offering to licensees (or
16
<PAGE>
prospective licensees) serving (or proposing to serve) licensed territories of
comparable size to that proposed to be licensed to Licensee under such new
agreement.
3.3 Notice from Licensee. Notwithstanding Section 3.2, Muzak shall have
--------------------
no obligation to offer to renew Licensee's license rights unless, after written
notice from Muzak sent to Licensee no less than eight (8) and no more than
twelve (12) months prior to the date of expiration described in Section 3.1
of this Agreement advising Licensee of the effect of this Section 3.3, Licensee
shall have given Muzak written notice of its desire to renew its license rights
not less than six (6) months nor more than twelve (12) months prior to the date
of expiration described in Section 3.1 of this Agreement.
IV. EXCLUSIVITY
-----------
4.1 In the Territory. Subject to the provisions of Sections 1.3 and 2.4
----------------
(including Exhibit E hereto) above, Article IX below (including Exhibit G
hereto), and the Licensee's In-Store Advertising Agreement described in Exhibit
H attached hereto, during the term of this Agreement, Muzak shall not authorize
anyone other than Licensee to (i) provide the Services in the Territory or (ii)
use the Proprietary Marks in the Territory.
17
<PAGE>
4.2 Future Services. Muzak shall conduct research and development to
---------------
maintain and improve the quality of the Services and the methods used to
distribute them. In the event that Muzak develops new subscription music
services, or new communications services in the nature of the Adjunct Services,
after the date hereof, Muzak shall amend Exhibit A or Exhibit B, as the case may
be, in the manner provided in Section 2.1 above (including the requirement of at
least six months' prior notice to Licensee of such amendment) to add such new
Services thereto, thereby giving Licensee the right and, subject to Exhibit E
hereto, the obligation to distribute such Services in the Territory under the
terms of this Agreement.
4.3 No Other Services. During the term of this Agreement, except as
-----------------
otherwise approved in writing by Muzak, neither Licensee nor any of the persons
or entities holding (either directly, indirectly, or beneficially) a controlling
ownership interest in Licensee shall, either directly or indirectly, for itself,
or through, on behalf of, or in conjunction with any person or entity:
(a) Participate or permit any of its employees, officers, or
directors to participate, either directly or indirectly in the distribution in
the Territory of any communications service substantially the same as or similar
to the Adjunct Services (except a communications service distributed
18
<PAGE>
by any such person or entity pursuant to a contract or agreement in effect on
the date the Adjunct Service which is the same as or similar to such
communications service is first offered to Licensee by Muzak), or any
subscription music service other than the Music Services, including, without
limitation, a radio program service which is provided through special reception
devices tuned only to that station's signal and any music programming that is
provided to commercial or residential locations by means of cable television or
cable radio; provided, however, that the foregoing shall not become effective
-------- -------
with respect to such other subscription music services that are distributed by
Recorded Media until the later of (i) January 1, 1993, (ii) the first date
Licensee may cancel or otherwise terminate the agreement under which Licensee is
the distributor of such other music services without causing a breach of such
agreement (provided such agreement was in effect on March 1, 1990), or (iii)
with reference to the distribution of such music services to any particular
customer, the first date Licensee may either substitute the Music Services for
such other music services or cancel or terminate the agreement with such
customer without causing a breach of such agreement (provided such customer
agreement was in effect on September 1, 1990); and provided further, that if, as
-------- -------
a result of Licensee's acquisition of another music business or the assets
thereof during the term of this Agreement, Licensee becomes the assignee of a
customer agreement for such other music or communications services or an
19
<PAGE>
agreement under which Licensee is the distributor of such other music or
communications services and Licensee cannot substitute the Services for such
other services without causing a breach of such agreement, Licensee may provide
such other services to the customers receiving such services on the date of
assignment through the remaining term (without reference to renewal rights) of
such agreement. Indirect participation shall include participation as an
officer, director, owner (which term shall not include the holder of 5% or less
of the common stock of a publicly-held entity), partner, employee, or consultant
of an entity distributing such other communications or subscription music
service.
(b) Divert or permit any of its employees, officers, or directors to
divert any existing or prospective Subscriber to any competitor in the
Territory, by direct or indirect inducement or otherwise, or do or perform,
directly or indirectly, any other act injurious or prejudicial to the goodwill
associated with Muzak, the Proprietary Marks, or the Services.
(c) Display in any location in the Territory any trade names,
trademarks, or service marks of any other business providing subscription music
services or providing communications services substantially similar to the
Adjunct Services except if permitted to sell or distribute such services in the
Territory pursuant to Paragraph (a) above.
20
<PAGE>
4.4 Promotion of All Services. Throughout the term of this Agreement,
-------------------------
Licensee shall use its reasonable best efforts actively to promote, market, and
distribute each of the Services (except as otherwise provided in Article 4 of
Exhibit E hereto).
V. STANDARDS OF SERVICE AND TRAINING
---------------------------------
5.1 Operations in General. In order to maintain the reputation and
---------------------
goodwill of Muzak, the Services, and the Proprietary Marks, Licensee shall:
(a) Comply with all federal, state, and local laws, rules and
regulations, and timely obtain all permits, certificates, and licenses,
necessary in the reasonable judgment of Licensee for the proper conduct of the
business licensed hereunder (the "Business").
(b) Maintain an office in the Territory and promptly notify Muzak in
the event Licensee moves the office to a new location within the Territory;
provided, however, that if Licensee is also the Muzak licensee in a territory
adjacent to the Territory and maintains an office in that territory that
adequately serves Subscribers in both such territories, Licensee need not
maintain an office in the Territory.
21
<PAGE>
(c) Be responsible for paying for all performing rights licenses
necessary for the distribution of the Services; provided, however, that Muzak
shall be responsible for paying for the license with SESAC to the extent
required for Licensee's distribution of the Services.
(d) Be responsible for paying all applicable local, state and federal
taxes of whatever nature, now or hereafter enacted, relating to Licensee's
provision of the Services, and all accounts and other indebtedness of every kind
incurred by Licensee in the conduct of the Business.
(e) Hold itself out to the public as an independent contractor,
operating under a license from Muzak. In the event Licensee elects to exhibit
the MUZAK(R) name on its stationery or vehicles, such exhibition shall be in a
conspicuous place and only in juxtaposition with Licensee's corporate name.
5.2 Sales. Licensee (or, if Licensee is a corporate or partnership
-----
entity, those individuals responsible for managing the Business) shall devote
full-time and reasonable best efforts to the sale, distribution, and support of
all the Services (it being understood that such obligation shall not be
construed as prohibiting Licensee from selling goods and services in addition to
the Services, provided such sale does not violate Section 4.3 above, or
requiring Licensee to sell certain Adjunct Services as
22
<PAGE>
described in Article 4 of Exhibit E hereto). Without limiting the generality of
the foregoing, prior to the beginning of each consecutive twelve (12)-month
period during the term of this Agreement, with the first such period to begin on
the first anniversary of the date of this Agreement, Muzak and Licensee shall
mutually set a Services sales goal for Licensee. Such goal shall be based on the
amount of Gross Billings, plus the amount of billings for the sale of Recorded
Media and Adjunct Services, which Muzak and Licensee mutually believe can be
attained by Licensee during such twelve (12)-month period, taking into
consideration such factors as the size and other distinctive characteristics of
the Territory, the size and trend of Licensee's past Gross Billings and other
billings, Licensee's prior sales of each Service, and economic conditions
affecting the Territory. Licensee shall use its best efforts to meet such sales
goals during each respective twelve (12)-month period.
5.3 Protection of Services. Licensee shall not alter in any way the
----------------------
Services or any products (including Service Delivery Equipment) owned by Muzak
and in the possession of Licensee. Without limiting the generality of the
foregoing, Licensee shall not substitute or add any musical selections or other
material in or to any Service (except in extraordinary circumstances, with the
prior written consent of Muzak, which in such circumstances shall not be
unreasonably withheld). Licensee shall not represent that any product or
equipment not produced by Muzak has
23
<PAGE>
been produced by Muzak; provided, however, that the foregoing shall not preclude
Licensee from displaying the MUZAK(R) name on items not produced by Muzak,
including promotional items, if Muzak has authorized such display. Licensee
shall report to Muzak any unauthorized reception of the Services promptly after
becoming aware of any such unauthorized reception, and shall further cooperate
with Muzak in protecting against and preventing the unauthorized reception of
the Services. Licensee shall not record, copy, or reproduce all or any part of
any Service and shall expressly prohibit, including by written agreement if
possible, Subscribers from recording, copying, or reproducing all or any part of
any Service.
5.4 Training. Muzak shall make available to Licensee and its employees
--------
training programs designed to maintain and improve Licensee's sales and delivery
of the Services; provided, however, that this obligation shall cease in the
event Muzak determines that such programs (or any sessions thereof) are not
cost-effective. For all such programs, Muzak shall provide instructors and
training materials, for which Muzak reserves the right to charge a reasonable
tuition fee. Licensee or its employees shall be responsible for any and all
other expenses incurred by them in connection with such training programs,
including without limitation the costs of transportation, lodging, meals, and
any wages.
24
<PAGE>
5.5 Confidentiality. During the term of this Agreement and thereafter,
---------------
neither Muzak nor Licensee (including any persons or entities listed on the last
page of this Agreement) shall use for its own purposes or divulge to any third
party any trade secrets or confidential information of the other. As used
herein (i) the term "third party" shall not include any party otherwise lawfully
in receipt of the trade secrets or confidential information to be divulged; or
any employee, attorney, accountant, or consulting engineer of Muzak or Licensee,
as the case may be, provided that such individual agrees not to further use or
disclose such trade secrets or confidential information; or any person or entity
providing credit or financing to Muzak or Licensee, as the case may be, provided
such person or entity (and any representative thereof) is similarly charged with
maintaining the confidence of such trade secrets and confidential information;
or any representative of a governmental authority or other person or entity to
whom disclosure is required by compulsion of law, provided notice of the demand
for such disclosure is given, within 48 hours of receipt of such demand, to the
party owning the confidential information or trade secrets required to be
disclosed; and (ii) the term "confidential information" means information
designated as such in writing by the party owning such information, as well as
customer lists and revenue data (without further designation), but does not
include information that has become part of the public domain through
publication or other similar communication. During the term of this Agreement
25
<PAGE>
Muzak shall not require that Licensee disclose to Muzak the name and address of
any Subscriber other than (i) for the purpose of participation in the Multi-
Territory Accounts Program, (ii) to permit delivery of the Services under the
Licensee's In-Store Advertising Agreement, and (iii) to permit delivery of the
Services by such technological means as require such information
for such delivery. Licensee understands and agrees that if Muzak is unable to
perform any of its obligations hereunder as a result of its inability to obtain
such Subscriber information, such nonperformance shall not be deemed a breach of
this Agreement.
VI. FEES AND ROYALTIES
------------------
6.1 Initial Fee. If this Agreement is entered into in connection with the
-----------
renewal or continuation (including amendments and adjustments of territories) of
rights granted under a prior agreement between Muzak (or its predecessor) and
Licensee (or its predecessor in the Territory), Licensee shall not be required
to pay any initial fee to Muzak. If this Agreement is not entered into in
connection with such renewal or continuation of rights granted under such a
prior agreement, Licensee shall pay to Muzak an initial fee of Five Thousand
Dollars, plus the amount, if any, paid by Muzak to purchase the rights of any
former licensee in the Territory in any Multi-Territory Contracts and certain
Adjunct Services Subscriber Agreements (as defined in Exhibits E and G hereto),
receipt of which initial fee is hereby
26
<PAGE>
acknowledged. The initial fee shall be deemed fully earned and nonrefundable
upon execution of this Agreement and assignment of such subscriber contracts and
agreements in consideration of the administrative and other expenses incurred by
Muzak in granting this license to Licensee.
6.2 Market Fee. Licensee shall pay to Muzak, in accordance with Section 6.7
----------
each calendar month, a market fee in the amount set forth below for Licensee
--------
Category E and based upon information then available in the report entitled
- ----------
County Business Patterns by State and a U.S. Summary, as published by the Bureau
- ----------------------------------------------------
of the Census, United States Department of Commerce or any successor publication
(the "U.S. Business Pattern Report") and, in the case of Category I below, the
population within the Territory.
<TABLE>
<CAPTION>
Licensee Number of Businesses and/or Monthly
Category Population Within Territory Market Fee
- -------- --------------------------- ----------
<S> <C> <C>
A 70,000 or more businesses $950
B 60,000 through 69,999 businesses 900
C 50,000 through 59,999 businesses 850
D 40,000 through 49,999 businesses 770
E 30,000 through 39,999 businesses 690
F 20,000 through 29,999 businesses 610
G 10,000 through 19,999 businesses 530
H 5,000 through 9,999 businesses 450
I ("Junior 4,999 or fewer businesses or 350
Franchise") population of 100,000 or less
</TABLE>
Upon a determination by Muzak, based upon the information then available in the
U.S. Business Pattern Report (or, in the case of Category I, the U.S. Census),
that the number of businesses or population within the Territory has changed so
as to require the
27
<PAGE>
recategorization of the Business, Muzak will so notify Licensee. Any adjustment
in the market fee resulting from such recategorization shall become effective
for the calendar month immediately following the month in which such notice is
given. Cumulative adjustments in the market fee during the term of this
Agreement shall not exceed two (2) categories from that shown above in this
Section 6.2.
6.3 Royalty Fee. Licensee shall pay to Muzak each month a royalty fee in
-----------
the amount of ten percent (10%) of Licensee's Gross Billings, as defined in
Section 6.8 below.
6.4 DBS Surcharge. In consideration of Muzak's development and
-------------
implementation of DBS, Licensee shall pay to Muzak a surcharge (the "DBS
Surcharge") throughout the term of this Agreement; provided, however, that
Licensee's obligation to pay the DBS Surcharge shall no longer exist after
Licensee (and/or any predecessor of Licensee in the Territory) has paid to Muzak
the DBS surcharge with respect to the Territory for a cumulative total of
ninety-six (96) consecutive calendar months (including any months preceding the
date of this Agreement during which Licensee [or its predecessor in the
Territory] paid such DBS Surcharge with respect to the Territory). The DBS
Surcharge shall be equal to the following percentage of Licensee's Gross
Billings:
28
<PAGE>
<TABLE>
<CAPTION>
Calendar Months
(Including any applicable DBS Surcharge
months preceding the date (Percentage of
of this Agreement) Gross Billings)
------------------------------- ---------------
<S> <C>
1 through 12 4/89 - 3/90 0.50%
13 through 24 4/90 - 3/91 1.25%
25 through 60 4/93 - 5/94 1.75%
61 through 96 6/94 - 7/97 1.00%
thereafter 0.00%
</TABLE>
6.5 Recorded Media Charges. Licensee shall pay Muzak's standard Recorded
----------------------
Media charges, as the same may be set forth by Muzak from time to time in
writing, for all Recorded Media distributed to Licensee or the Subscribers.
Muzak shall not increase such Recorded Media charges prior to January 1, 1993,
and increases thereafter shall not exceed ten percent (10%) per annum.
6.6 Adjunct Services Charges. Licensee shall pay Muzak's Adjunct Services
------------------------
charges in accordance with the terms set forth in Exhibit F attached hereto and
incorporated herein by reference.
6.7 Payment Schedule. All monthly payments required by Sections 6.3 and
----------------
6.4 shall be paid within forty-five days of the end of the month in which the
applicable Services are provided to the Subscribers, and shall be submitted
together with any reports or statements required under Section 7.2 hereof. All
Market Fee charges required by Section 6.2, all Recorded Media charges required
by Section 6.5, and all Adjunct Services charges
29
<PAGE>
required by Section 6.6 shall be paid within forty-five days after the date of
Muzak's billing to Licensee. Any payment of fees due to Muzak that is not
actually received by Muzak by the due date shall be deemed overdue. If any
payment is deemed overdue, simple interest may be assessed on such overdue
payment. Such interest shall accrue on a daily basis from the due date until
the date of payment, at the lesser of (i) the prime rate of The First National
Bank of Chicago per annum in effect at the beginning of the calendar quarter, or
(ii) the highest rate of interest permitted by law in Licensee's State.
Entitlement to such interest shall not limit any other remedies available under
law or this Agreement as a result of the overdue payment.
6.8 Gross Billings. "Gross Billings" means all amounts billed or
--------------
otherwise charged to a Subscriber by Licensee in connection with (1) the
provision of any Music Service, and (2) the lease or rental (but not the sale)
of Service Delivery Equipment and other equipment used to receive and distribute
such Music Service but not including (i.e., excluding) equipment that is not
used primarily in the provision or reception of a Music Service.
Notwithstanding the foregoing, "Gross Billings" shall not include any amount
billed or otherwise charged to a Subscriber by Licensee for (a) the provision of
any Music Service on Recorded Media, (b) Music-Related Adjunct Services, or (c)
the lease or rental of any Service Delivery Equipment used with Recorded Media.
"Gross Billings" also shall not include (i) any
30
<PAGE>
amounts billed to Subscribers as (and separately stated on the billings or
otherwise separately determinable as) sales or similar excise taxes; (ii) one-
time installation charges billed not later than ninety (90) days following
completion of such installation; (iii) charges for service of Subscriber-owned
equipment, provided that such charges are separately determinable; (iv) ad hoc
(i.e., extraordinary) charges for service actually performed on Subscriber-
- -----
leased or Subscriber-owned equipment; and (v) late-payment penalties or interest
charges imposed by Licensee, provided that such penalties and charges do not
exceed standard industry practice. Licensee may deduct from its Gross Billings
(i) amounts paid by Licensee as performing rights fees to ASCAP, BMI, or similar
performing rights organizations with respect to the Music Services other than
those distributed by Recorded Media, and (ii) the amount of any billings that
were previously reported to Muzak as part of Licensee's Gross Billings but
which, in the month of the deduction, were written off by Licensee as
uncollectible in accordance with federal income tax standards of
uncollectibility.
VII. RECORDS, REPORTS, AND INSPECTIONS
---------------------------------
7.1 Records. Licensee shall prepare, and retain at its principal place of
-------
business for at least two (2) years thereafter, complete and accurate books,
records, and accounts of the Business. Such books, records, and accounts shall
fairly
31
<PAGE>
represent the results of operations of such business, as determined on an
accrual basis, and shall be kept in sufficient detail to permit the transactions
included in such operations to be clearly identifiable and traceable to
underlying documentation. Licensee shall make available such records and books
of account to Muzak or its representatives if requested by Muzak for inspection
and audit as provided in Section 7.3.
7.2 Reports. Licensee shall submit to Muzak, together with the payments
-------
described in Section 6.7, royalty and fees reports, in such detail as Muzak may
from time to time reasonably request, accurately reflecting all Gross Billings
during the periods to which such payments pertain.
7.3 Audit.
-----
(a) Muzak or its representatives may, upon giving Licensee 30 days'
(or 10 days' in the case of an audit following a request for Muzak's consent to
a transfer under Article XII hereof) written notice, enter the premises of
Licensee (and of any person doing business [an "affiliated person"] controlling,
controlled by or under common control with Licensee) during normal business
hours for inspection and audit of the business and records of Licensee and of
such affiliated person, provided that such inspection and audit shall be no more
extensive than is required to verify that none of Licensee's or such affiliated
32
<PAGE>
person's revenues should have been reported as Gross Billings or as charges for
Recorded Media and Adjunct Services and that Licensee's payments to Muzak have
been properly computed in accordance with the provisions of Article VI of this
Agreement. Licensee shall cooperate with any such inspection and audit. Muzak
shall not assess Licensee for amounts found, as a result of such audit, to be
owing hereunder if such amounts derive from a reporting period that ended more
than two years prior to the date such audit commenced, provided that Licensee
has not knowingly maintained false books or records, or knowingly submitted
false reports to Muzak.
(b) During any audit hereunder, Muzak or its representatives (at
Muzak's cost and expense) may make mechanical copies of only those books and
records of Licensee that are necessary for the verification of Licensee's
statements and accountings to Muzak and were physically examined as part of the
audit. Muzak shall take reasonable precautions to safeguard the confidentiality
of such copies and shall destroy any such copies upon the mutually-confirmed
completion of the audit and payment in full of any royalties and other charges
determined to be owing to Muzak as a result of the audit. Nothing contained
herein shall be construed as in any way limiting Muzak's right manually to copy
or make abstracts of Licensee's or any affiliated person's books and records or
to make any notes or the like whatsoever; provided, however, that such manual
copies or
33
<PAGE>
abstracts (and any copies thereof) shall be destroyed upon the mutually-
confirmed completion of the audit.
(c) In the event that any audit conducted by or on behalf of Muzak
results in a determination that there has been either an underpayment or
overpayment of the amounts due Muzak hereunder, then within 30 days after such
determination, Licensee or Muzak, as the case may be, shall pay to the other the
amount of such underpayment or overpayment; provided, however, that in the event
that Licensee disputes the results of any such audit, the parties shall attempt
to resolve the matter by conducting a new audit under the joint supervision of
their respective independent certified public accountants. In the event that
such new audit resolves the dispute, the cost of each party's independent
certified public accountants shall be borne by the respective party. In the
event that such new audit fails to resolve the dispute, the matter shall be
resolved by arbitration under the rules of the American Arbitration Association,
and the losing party shall pay both parties' entire costs of the second audit.
(d) If it is determined as a result of an audit that there has been an
underpayment of seventeen percent (17%) or more of the amounts due Muzak for any
given calendar year, Licensee shall pay to Muzak, within thirty (30) days after
such determination and in addition to all other amounts due under this
34
<PAGE>
Agreement, a penalty equal to fifteen percent (15%) of the underpayment for that
year. The foregoing remedies shall be in addition to any other remedies Muzak
may have for such underpayment.
(e) Muzak and Licensee shall confirm, at the conclusion of the audit
and following payment of any monies found owing as a result of the audit, that
such audit has been completed and that the periods audited shall not be audited
again absent a showing that Licensee knowingly maintained false books and
records for such period.
VIII. MARKETING AND PROMOTION
-----------------------
8.1 Advertisements. Licensee shall cooperate with any advertising or
--------------
promotional campaigns conducted by Muzak in accordance with sound business
practices. Licensee shall promptly discontinue any advertising or promotion
which Muzak informs Licensee is, in Muzak's judgment, inimical to Muzak's
reputation. Without limiting the generality of the foregoing, Licensee shall
submit to Muzak upon request samples of all advertising and promotional plans
and materials that Licensee proposes to use. Licensee shall amend any such
plans and materials as requested by Muzak upon receipt of notice from Muzak that
such plans or materials fail to comply with the requirements of this Section
8.1. In the event that Muzak notifies Licensee
35
<PAGE>
to amend any advertising or promotional plans previously approved by Muzak's
predecessors-in-interest, Licensee shall have up to 180 days after the date of
such notice to make such amendments.
8.2 Yellow-Pages Advertising. Each year during the term of this
------------------------
Agreement, Licensee shall ensure that it is listed in at least one "trademark
ad" under the appropriate classification in the yellow pages of one major-market
telephone book in the Territory. Muzak will reimburse Licensee for the annual
cost of one such "trademark ad" within thirty (30) days after receipt from
Licensee of the invoice for the advertisement.
8.3 Additional Assistance by Muzak. Within the limits of its available
------------------------------
personnel, Muzak, when so requested by Licensee, shall make available technical
and marketing assistance to Licensee. The charges for such assistance shall be
mutually agreed upon by the parties.
IX. MULTI-TERRITORY ACCOUNTS PROGRAM; CABLE RADIO/TV
------------------------------------------------
9.1 Multi-Territory Accounts Program. Recognizing that potential
--------------------------------
Subscribers with substantial numbers of Subscriber Premises located throughout
the United States represent a significant potential market for Licensee and
other Muzak licensees marketing the Services, and that the effective marketing
of the Services to such accounts frequently requires a
36
<PAGE>
coordinated effort by Muzak and its licensees, Muzak, in conjunction with a
Multi-Territory Sales Committee, shall establish and maintain during the term of
this Agreement a Multi-Territory Accounts Program. The Multi-Territory Accounts
Program and the Multi-Territory Sales Committee are more fully described in
Exhibit G attached hereto and incorporated herein by reference. Licensee and
Muzak agree to participate in the Multi-Territory Accounts Program as set forth
in Exhibit G and otherwise to abide by the terms of Exhibit G. Without limiting
the generality of the foregoing, Licensee agrees to participate during the term
of this Agreement in all Multi-Territory Contracts (as defined in Exhibit G)
that pertain to Subscriber Premises in the Territory.
9.2 Cable Radio/TV. In the event that (i) a provider of cable television
--------------
or cable radio programming requests that Muzak provide music for such
programming that cannot otherwise be provided by Licensee utilizing the Music
Services, and (ii) such programming will be distributed to residences (but not
to commercial locations) in the Territory, then prior to Muzak's providing such
music, Muzak and Licensee shall jointly determine their respective interests in
the revenues deriving from the provision of such music to such provider.
37
<PAGE>
X. DEFAULT AND TERMINATION OF THIS AGREEMENT
-----------------------------------------
10.1 Default of Licensee.
-------------------
(a) Licensee shall be deemed to be in default under this Agreement,
and all rights granted herein shall, at the option of Muzak, immediately
terminate upon notice thereof to Licensee (without opportunity to cure), if at
any time:
(i) Licensee shall file in any court pursuant to any statute
either of the United States or of any State a petition in bankruptcy or
insolvency or for reorganization or for the appointment of a receiver or
trustee of all or a portion of Licensee's property, or if there is
commenced against Licensee any such petition which is not opposed by
Licensee or not dismissed within ninety days after such filing, or if
Licensee admits in writing its inability to pay its debts or makes a
general assignment for the benefit of creditors, or if Licensee makes
general application to Licensee's creditors to settle, compromise, or
extend the time of payment of all of Licensee's obligations; or
(ii) there occurs a voluntary or involuntary transfer or purported
transfer of an interest in Licensee or in this Agreement in violation of
Article XII.
38
<PAGE>
(b) Licensee shall be deemed to be in default under this Agreement,
and all rights granted herein shall terminate, if any of the following events
shall occur and not be cured, in the time and manner provided in subsection (c)
below, following notice thereof from Muzak:
(i) if Licensee fails to comply with any of its obligations
under this Agreement and Muzak has been or is reasonably likely to be in
any way damaged thereby, or if any representation made by Licensee herein
is found to be untrue when and as made and Muzak has been or is reasonably
likely to be in any way damaged thereby; or
(ii) if Licensee ceases to distribute the Music Services or
ceases to operate or otherwise abandons the Business; or
(iii) if Licensee loses the right to transact business in any
jurisdiction included in the Territory and Licensee refuses to surrender to
Muzak its license rights hereunder with respect to such jurisdiction; or
(iv) if Licensee knowingly maintains false books or records, or
submits false reports to Muzak.
39
<PAGE>
(c) Licensee shall have thirty (30) days after its receipt from Muzak
of a written notice of default within which to remedy any default as defined in
subsection (b) above (or, if the default cannot reasonably be cured within such
thirty (30) days, to initiate within that time substantial and continuing action
to cure the default) and to provide evidence thereof to Muzak. If any such
default is not cured within that time (or, if appropriate, substantial and
continuing action to cure the default is not initiated within that time), or
such longer period as applicable law may require, this Agreement shall terminate
following Licensee's receipt of a Notice of Termination reciting Licensee's
failure to cure or commence to cure and setting forth a definite termination
date, which shall be no sooner than 5 business days following Licensee's receipt
of such Notice or such longer period as applicable law may require; provided,
however, that in the event the existence of such default is disputed by
Licensee, and Licensee notifies Muzak of such dispute within 10 days after
receipt of Muzak's notice of default and thereafter promptly proceeds to take
all steps necessary to resolve such dispute, including (if necessary) the
commencement of litigation by no later than 30 days after receipt of Muzak's
notice of default, such termination shall not become finally effective until 10
days after the date such dispute is finally resolved in favor of Muzak. For
purposes hereof, final resolution shall include without limitation Licensee's
failure to make a timely appeal of a court decision in favor of Muzak.
Notwithstanding anything in
40
<PAGE>
this paragraph (c) to the contrary, in the event that the final resolution in
favor of Muzak of Licensee's dispute of a notice of default is by means of a
court decision and such court also specifically decides that, at each successive
level of Licensee's legal challenge to the notice of default, Licensee had a
strong likelihood of success on the merits (without application by the court of
any balance-of-hardships tests), Licensee shall have 30 days from the date of
such final resolution to cure the default; in such event, if such cure is not
effectuated by the end of such 30-day period, the termination shall then become
immediately effective.
10.2 Default of Muzak. Muzak shall be deemed to be in default, and
----------------
Licensee shall have the right to terminate this Agreement, if Muzak fails to
comply with any of its obligations under this Agreement, and Licensee has been
or is reasonably likely to be in any way damaged thereby, and such failure is
not cured within thirty (30) days after Muzak's receipt of a written notice of
default from Licensee (or, if the default cannot reasonably be cured within such
thirty (30) days, if such cure has not been initiated and is not continuing
within that time); provided, however, that in the event the existence of such
default is disputed by Muzak, and Muzak notifies Licensee of such dispute within
10 days after receipt of Licensee's notice of default and thereafter promptly
proceeds to take all steps necessary to resolve such dispute, including (if
necessary) the
41
<PAGE>
commencement of litigation by no later than 30 days after receipt of Licensee's
notice of default, such termination shall not become effective until 10 days
after the date such dispute is finally resolved in favor of Licensee. For
purposes hereof, final resolution shall include Muzak's failure to make a timely
appeal of a court decision in favor of Licensee. Notwithstanding anything in
this Section 10.2 to the contrary, in the event that the final resolution in
favor of Licensee of Muzak's dispute of a notice of default is by means of a
court decision and such court also specifically decides that, at each successive
level of Muzak's legal challenge to the notice of default, Muzak had a strong
likelihood of success on the merits (without application by the court of any
balance-of-hardships tests), Muzak shall have 30 days from the date of such
final resolution to cure the default; in such event, if such cure is not
effectuated by the end of such 30-day period, the termination shall then become
immediately effective.
10.3 Additional Remedies. No termination of this Agreement shall affect
-------------------
any obligation, including any obligation arising as a result of a default of
this Agreement, of any party accrued up to the date of termination or limit any
additional rights or remedies provided the nondefaulting party under this
Agreement or under law.
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<PAGE>
10.4 Force Majeure. Neither Muzak nor Licensee shall have any liability
-------------
to the other or to any other person as a result of the failure of either of such
parties to perform its obligations hereunder, nor shall such failure be
considered a breach of this Agreement, if such failure is due to fire, flood,
other act of God, strike or other event or situation beyond the control of such
party acting in accordance with sound business practices.
XI. RELATIONSHIP OF THE PARTIES UPON TERMINATION OR EXPIRATION OF THIS
------------------------------------------------------------------
AGREEMENT
---------
11.1 Action Required of Licensee. Upon termination or expiration (without
---------------------------
renewal of license rights) of this Agreement, Licensee shall, subject to Section
2.2(b), Section 2.4 (including Exhibit E), and Article IX (including Exhibit G),
immediately
(a) Cease to distribute the Services to Subscribers and shall not
thereafter, directly or indirectly, represent itself to the public or hold
itself out as a licensee of Muzak;
(b) Cease to use, in any manner whatsoever, the Services and the
Proprietary Marks. Without limiting the generality of the foregoing, Licensee
shall immediately cancel any assumed name or equivalent registration which
contains the mark "MUZAK(R)" or any other service mark or trademark of Muzak, or
otherwise permit Muzak to effect such cancellation;
43
<PAGE>
(c) Sell to Muzak at Licensee's cost of acquisition, if any, all
manuals, instructions, sales literature, and other materials related to the
Services or the Proprietary Marks and retain no copy or record of any of the
foregoing except Licensee's copies of this Agreement and any other document
which Licensee reasonably needs for compliance with specific provisions of state
or federal law;
(d) Dismantle (if necessary) and dispose of as Muzak requests (at
Muzak's cost) all Earth Stations, Recorded Media, and other equipment provided
Licensee by Muzak; and
(e) Promptly pay all sums indisputably owing to Muzak.
11.2 Action Required of Muzak. Upon termination or expiration (without
------------------------
renewal of License rights) of this Agreement, Muzak shall promptly pay all sums
indisputably owing to Licensee. Muzak shall not provide or directly or
indirectly make available to any successor licensee in the Territory (including
any owned affiliates) any of Licensee's customer lists or customer contract
termination dates or terms; provided, however, that Muzak may transfer to such
successor licensee any contract rights purchased by Muzak from Licensee under
the terms of Exhibits E and G hereto.
44
<PAGE>
XII. TRANSFER OF BUSINESS OR CONTROL OF LICENSEE
-------------------------------------------
12.1 By Licensee and its Owners. Muzak has entered into this Agreement in
--------------------------
reliance on the business skills, financial capacity, and personal character of
Licensee and its owners. Accordingly, Licensee shall not permit the transfer of
any interest in or of Licensee that would have the effect, alone or together
with other previous, simultaneous, or proposed transfers, of directly or
indirectly transferring a controlling interest (whether in stock, partnership
interests or otherwise) in this Agreement, Licensee, or a major portion of the
assets used in the Business without the prior written consent of Muzak and
without otherwise complying with the requirements of this Article XII. Any such
purported assignment or transfer, by operation of law or otherwise, not having
the written consent of Muzak and not otherwise complying with the requirements
of this Article XII shall be null and void and shall constitute a material
breach of this Agreement.
12.2 Consent of Muzak. Muzak shall not unreasonably withhold its consent
----------------
to a transfer described in Section 12.1; provided, however, that Muzak may
require any or all of the following as conditions of its approval:
(a) All of Licensee's accrued monetary obligations to Muzak shall have
been satisfied (or otherwise provided for to
45
<PAGE>
Muzak's satisfaction, including without limitation the escrowing with counsel at
closing of the full amount of such obligations);
(b) The transferee and its owners shall enter into a written
assignment, in a form reasonably satisfactory to Muzak, assuming and agreeing to
discharge all of Licensee's obligations under this Agreement;
(c) The transferee shall demonstrate to Muzak's reasonable
satisfaction that (i) the transferee has the personal character and the
financial resources to conduct the Business, (ii) the transferee personally has
the general business experience to conduct the Business or will employ during
the term of this Agreement a general manager with such business experience to
conduct the Business, and (iii) the transferee is not in a position to use the
information obtained as a licensee of Muzak in a manner that will be harmful to
Muzak outside the Territory; and
(d) The transferee shall pay Muzak a transfer fee as follows:
(i) For any transfer to an existing licensee of Muzak (or any
entity owned or controlled by or having common ownership with an existing
licensee of Muzak), the sum of $1,000; or
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(ii) For any other transfer, (A) the sum of $2,500 for a Business
having Gross Billings (as defined herein) of $20,000 per month or less, and
(B) the sum of $5,000 for a Business having Gross Billings (as defined
herein) in excess of $20,000 per month.
In the event Muzak fails to respond to any request for approval of a
transfer to another MUZAK(R) licensee within 20 business days and to all others
within 30 business days of its receipt of a completed application for transfer,
then the request shall be deemed approved, subject only to Muzak's receipt of
notification of the transferee's assumption of Licensee's obligations, and of
the assignment to the transferee of Licensee's rights, under this Agreement.
12.3 Collateral. Muzak will not require approval of the assignment,
----------
transfer, pledge, or hypothecation of all or any part of the assets of the
Business, excluding this Agreement, and, if Licensee is a corporation, all or
any part of the stock of said corporation, to banks or other lending
institutions as collateral security for loans made directly to or for the
benefit of the Business. However, such approval will be required for any
proposed assignment of this Agreement.
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12.4 Transfer to Family Member. An individual may transfer his or her
-------------------------
interest in Licensee or this Agreement to a member of his or her immediate
family or to a corporation controlled by such individual, provided that the
requirements set forth in paragraphs (a), (b), and (c) of Section 12.2 are met.
No transfer fee shall be required for any such transfer.
12.5 By Muzak. Muzak shall have the right to transfer or assign all or
--------
any part of its rights or duties hereunder to any person or entity. Muzak shall
promptly notify Licensee of any such transfer.
XIII. PROPRIETARY MARKS
-----------------
13.1 Ownership. Muzak represents that it is the owner of all right,
---------
title, and interest in and to the Proprietary Marks. Muzak will take all steps,
including the taking of legal action, reasonably necessary to preserve and
protect the ownership and validity in and of the Proprietary Marks. Licensee
shall not directly or indirectly contest the validity or Muzak's ownership of
the Proprietary Marks. In the event that litigation involving the Proprietary
Marks is instituted or threatened against Licensee, Licensee shall promptly
notify Muzak and shall cooperate in the defense or settlement of such
litigation, which Muzak shall have the right to control at its expense.
Licensee expressly understands and acknowledges that Muzak is the owner of
48
<PAGE>
all right, title, and interest in and to the Proprietary Marks and the goodwill
associated with and symbolized by them. Licensee's use of the Proprietary Marks
pursuant to this Agreement does not give Licensee any ownership interest or
other interest in or to the Proprietary Marks, except the license granted by
this Agreement.
13.2 Infringement. Licensee shall promptly notify Muzak of any suspected
------------
infringement of the Proprietary Marks, and of any challenge to Muzak's ownership
of, or Licensee's right to use, the Proprietary Marks. Subject to Section 13.1,
Muzak shall have the sole right to decide whether an administrative or judicial
proceeding, or other action, should be undertaken in response to any such
suspected infringement or challenge, and, if any such proceeding or action is to
be undertaken, to initiate and control such proceeding or action at its expense.
In the event Muzak elects to undertake any such proceeding or action, Licensee
agrees to cooperate with Muzak in such effort. Licensee shall have no right to
institute any litigation against a third party relating to the Proprietary Marks
without Muzak's prior written consent.
13.3 Use. Licensee's right to use the Proprietary Marks is limited to
---
such uses as are authorized under this Agreement. Licensee shall not use the
Proprietary Marks as part of its corporate or other legal name. Licensee shall
comply with
49
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Muzak's instructions at Muzak's cost in filing and maintaining the requisite
trade name or fictitious name registrations, and shall execute any documents
reasonably deemed necessary by Muzak or its counsel to obtain protection for the
Proprietary Marks or to maintain their continued validity and enforceability.
Unless otherwise authorized or required by Muzak, Licensee shall use the
Proprietary Marks without prefix or suffix and shall comply with Muzak's
instructions regarding the use of the federal registration symbol and other
trademark or service mark designations.
13.4 Substitution of Proprietary Marks. Muzak reserves the right to add
---------------------------------
Proprietary Marks and, except with respect to the MUZAK(R) trademark, to
substitute different Proprietary Marks, or discontinue the use of Proprietary
Marks, for use in identifying the Services if Muzak's currently owned
Proprietary Marks no longer can be used, or if Muzak determines that such
addition, substitution, or discontinuation will be beneficial to its business
and provides to Licensee at least six (6) months' prior notice of such addition,
substitution or discontinuation. All such additions, substitutions or
discontinuations will be reflected in an amendment of Exhibit C and shall not
affect the validity of this Agreement, which shall, in all respects, be deemed
modified to provide for such addition, substitution or discontinuation.
50
<PAGE>
XIV. MISCELLANEOUS
-------------
14.1 Representations of Licensee. Licensee represents and warrants to
---------------------------
Muzak that, on the date of this Agreement:
(a) If Licensee is a trust, corporation, or partnership, it is duly
organized, in good standing, and qualified to do business in all jurisdictions
included in the Territory; all controlling ownership interests in Licensee are
directly and indirectly held by those persons and entities listed on the
signature pages hereof, and no other persons or entities own any controlling
interests in Licensee; and it has all necessary power and authority to execute,
deliver, and perform this Agreement.
(b) There are no actions, suits, proceedings, or investigations in any
court or before any governmental agency or instrumentality which affect or are
reasonably likely to affect Licensee's ability to perform its obligations under
this Agreement.
14.2 Representations of Muzak. Muzak represents and warrants to Licensee
------------------------
that, on the date of this Agreement, it is duly organized and in good standing
as a limited partnership under the laws of the State of Delaware and has all
necessary power and authority to execute, deliver, and perform this Agreement.
51
<PAGE>
14.3 Independent Contractor. Muzak and Licensee are independent
----------------------
contractors vis-a-vis each other and neither party, nor their respective
employees and agents, are or are to be construed to be either legal or implied
agents, servants or employees of the other party or to have authority to act for
or on behalf of the other party. No acts taken or assistance given by one party
to the other pursuant to this Agreement will be construed to alter this
relationship. Without limiting the generality of the foregoing, but subject to
the terms of the Multi-Territory Accounts Program as described herein, Section
2.4 (including Exhibit E), the In-Store Advertising Agreement between Muzak and
Licensee, and any other written contract between Muzak and Licensee, nothing in
this Agreement shall authorize one party to make any contract, agreement,
warranty or representation on behalf of the other party or to incur any debt or
obligation in the other party's name, and the other party shall in no event
assume liability for, or be deemed liable hereunder as result of, any such
action. Without limiting the rights of a party to enforce its rights hereunder,
a party shall not be liable to a third party by reason of any action or omission
of the other party in the conduct of its business.
14.4 Release. Muzak and Licensee hereby release and forever discharge
-------
each other, and their respective predecessors, successors, representatives,
assigns, agents, owners, employees,
52
<PAGE>
officers, and directors ("Designees"), of and from any claims, debts,
liabilities, demands, obligations, costs, expenses, actions, and causes of
action of every nature, character, and description, vested or contingent, which
such releasing party now owns or holds, or has at any time heretofore owned or
held, or may at any time own or hold, against the other party or its Designees,
arising prior to and including the date of this Agreement and relating to any
prior franchise or license agreement; provided, however, that this release shall
not apply to any royalties or other monies owed, whether or not previously
reported as owing, from Licensee to Muzak; and further provided that this
release shall not apply to any claims, debts, liabilities, demands, obligations,
costs, expenses, actions and causes of action of every nature, character and
description, vested or contingent which are (i) at any time raised or asserted
by any party against the other party as a defense, counterclaim, or crossclaim
in any arbitration or litigation; (ii) of which the other party is advised
within 120 days of the date hereof; or (iii) the existence of which could not
now be reasonably known to a party and of which the other party is advised
within 120 days of the claiming party's knowledge thereof.
14.5 No Waiver. No failure of a party to exercise any right or power
---------
reserved to it in this Agreement or to insist upon compliance by the other party
with any obligation or condition in this Agreement, and no custom or practice of
the parties at
53
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variance with the terms hereof, shall constitute a waiver of such party's rights
to demand exact compliance with any of the terms of this Agreement. Waiver by a
party of any particular default shall not affect or impair such party's right
with respect to any subsequent default of the same or of a different nature,
and, except as otherwise expressly provided herein, any delay, forbearance, or
omission of a party to exercise any power or right arising hereunder shall not
affect or impair such party's right thereafter to exercise that or any other
power or right.
14.6 Notices. Unless otherwise expressly provided herein, any and all
-------
notices required or permitted under this Agreement shall be in writing and shall
be personally delivered or mailed by certified or registered mail, return
receipt requested, postage prepaid, to the respective parties at the following
addresses unless and until a different address has been designated by written
notice to the other party:
Notices to Muzak: MUZAK
400 North 34th Street, Suite 200
Seattle, WA 98103
Attention: Vice President, Affiliate
-------------------------
Sales & Development
Notices to Licensee: FLORIDA SOUND ENGINEERING
COMPANY
3016 MERCURY ROAD S.
------------------------------------
JACKSONVILLE, FL 32207
------------------------------------
------------------------------------
Notice by certified or registered mail shall be deemed to have been given at the
date and time of receipt.
54
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14.7 Entire Agreement. This Agreement, the documents referred to herein,
----------------
and the exhibits and attachments hereto, constitute the entire, full, and
complete agreement between the parties concerning the subject matter hereof, and
supersede all prior agreements except those set forth in Exhibit H (the terms of
which shall remain in effect to the extent not expressly contradicted by the
terms hereof). Except for those amendments referred to in Sections 2.1, 2.2 and
13.4 and Exhibits E, F, and G, no amendment of this Agreement shall be binding
on either party unless mutually agreed to by the parties and executed by their
authorized officers or agents in writing.
14.8 Severability. Each portion, part, and term of this Agreement shall
------------
be considered severable, and if, for any reason, any portion, part, or term
herein is determined by a court or agency with valid jurisdiction to be contrary
to any existing or future law or regulation and invalid, it shall not impair the
operation of, or have any other effect upon, the other portions, parts, or terms
of this Agreement that remain otherwise intelligible.
14.9 Captions. All captions in this Agreement are for convenience only
--------
and do not in any way limit or amplify the provisions hereof.
55
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14.10 Binding Effect. This Agreement shall be binding upon and shall
--------------
inure to the benefit of the parties hereto and, subject to Article XII, their
respective heirs, executors, representatives, successors, and assigns.
14.11 Counterparts. This Agreement may be executed in several
------------
counterparts, and all of such counterparts together shall constitute one
agreement binding on all parties thereto, notwithstanding that all parties are
not signatory to the original or same counterpart.
14.12 Attorney's Fees. If any action or proceeding is brought for the
---------------
enforcement of this Agreement, the successful or prevailing party or parties
shall be entitled to recover reasonable attorneys' fees and other costs incurred
in the action or proceeding, in addition to any other relief to which it or they
may be entitled.
14.13 Applicable Law. This Agreement shall be interpreted and construed
--------------
under the laws of the State of Colorado without reference to conflicts of law.
14.14 All Remedies. No right or remedy conferred upon or reserved to
------------
Muzak or Licensee by this Agreement is intended to be exclusive of any other
right or remedy herein or by law or equity provided, but each shall be
cumulative of every other right or
56
<PAGE>
remedy. Without limiting the generality of the foregoing, Licensee acknowledges
that its violation of the terms of Sections 4.3, 5.5, or 11.1 will result in
irreparable injury to Muzak for which no adequate remedy at law may be
available, and Licensee accordingly agrees that Muzak may seek to obtain the
issuance of an injunction prohibiting any conduct by Licensee in violation of
such terms.
14.15 Limitation. Licensee shall commence any action relating to Muzak's
----------
offer or sale of license rights hereunder to Licensee, or the execution of this
Agreement by Licensee, within one (1) year from the later of the date of
execution of this Agreement or the date Licensee reasonably should have
discovered the event or non-occurrence of the event first giving rise to the
action, and Licensee shall commence any other action arising hereunder within
two (2) years from the date Licensee reasonably should have discovered the event
or non-occurrence of the event first giving rise to such action. Licensee
agrees that any such claim not commenced within such time periods shall be
barred, it being understood that the assertion of any such claim as a defense,
counterclaim or cross-claim shall not be barred by this paragraph.
14.16 No Warranties. Muzak makes no warranties or guarantees upon which
-------------
Licensee may rely, and assumes no liability or obligation to Licensee, by
providing any waiver, approval,
57
<PAGE>
consent or suggestion to Licensee in connection with this Agreement, or by
reason of any neglect, delay, or denial of any request therefor.
14.17 No Implied Rights. Except as expressly provided to the contrary
-----------------
herein, nothing in this Agreement is intended, nor shall be deemed, to confer
upon any person or legal entity other than Licensee, Muzak, Muzak's officers,
partners, and employees, and such of Licensee's and Muzak's respective
successors and assigns as may be contemplated (and, as to Licensee, permitted)
by Article XII hereof, any rights or remedies under or by reason of this
Agreement.
14.18 Survival. All provisions of this Agreement that pertain to
--------
Licensee's rights and duties regarding Licensee's delivery of the Services to
certain Subscribers after the date of expiration or termination of this
Agreement shall survive such expiration or termination to the extent necessary
to give full effect to such rights and duties. All other covenants and
obligations of Muzak or Licensee that are to be performed or observed after the
expiration or termination of this Agreement, including, without limitation,
those set forth in Sections 5.5 and 14.3, Article XI, and Exhibits E and G,
shall also survive such expiration or termination.
58
<PAGE>
14.19 Conversion. Upon the expiration or earlier termination of this
----------
Agreement, in the event the addressability feature of Muzak's DBS facilities
permits Muzak to switch Licensee's music subscribers to another subscription
music supplier and Muzak has received written permission from such music
supplier and blanket indemnification from Licensee, then within a reasonable
time following Licensee's written direction to Muzak, Muzak shall perform one
such switch with respect to each such subscriber at the following cost to
Licensee: the greater of (i) Muzak's standard switching charge then in effect,
or (ii) Muzak's incremental out-of-pocket costs directly attributable to the
making of such switches.
14.20 Most Favorable Terms. In the event that after September 1, 1990
--------------------
Muzak grants for the first time (and not pursuant to or in renewal of any
agreement in existence at September 1, 1990) to any other U.S. licensee of Muzak
(i.e., a distributor of the Services in a territory within the United States)
financial or other material terms (other than temporary or transient adjustments
and accommodations) that are more favorable than the terms set forth herein,
Muzak must offer such more favorable terms to Licensee; provided, however, that
if, and to the extent, Muzak is required by the laws and regulations of the
State in which another licensee resides or operates its business to offer such
other licensee more favorable terms than those set forth herein, Muzak shall not
be required to offer such
59
<PAGE>
more favorable terms to Licensee but shall notify the then-president of the IPMA
of the imposition of such legal or regulatory requirement.
XV. ACKNOWLEDGEMENTS
----------------
15.1 Independent Investigations. Licensee acknowledges that it has
--------------------------
conducted an independent investigation of the business licensed hereunder, and
recognizes that the business venture contemplated by this Agreement involves
business risks and that its success will be largely dependent upon the ability
of Licensee as an independent person or entity. Muzak expressly disclaims the
making of, and Licensee acknowledges that it has not received, any warranty or
guarantee, express or implied, as to the potential volume, profits, or success
of the business venture contemplated by this Agreement.
15.2 Disclosure. Licensee acknowledges that it received a copy of this
----------
Agreement and all exhibits and attachments thereto, and agreements relating
thereto, at least five (5) business days prior to the date on which this
Agreement was executed. Licensee further acknowledges that it received the
disclosure documents required by the Trade Regulation Rule of the Federal Trade
Commission entitled "Disclosure Requirements and Prohibitions Concerning
Franchising and Business Opportunity Ventures" at
60
<PAGE>
least ten (10) business days prior to the date on which this Agreement was
executed.
15.3 Opportunity to Review. Licensee acknowledges that it has read and
---------------------
understands this Agreement and the exhibits and attachments hereto, and
agreements relating hereto, and that Muzak has accorded Licensee ample time and
opportunity to consult with advisors of Licensee's own choosing about the
potential benefits and risks of entering into this Agreement.
IN WITNESS WHEREOF, the parties have executed and delivered this Agreement
on the day and year first above written.
MUZAK LIMITED PARTNERSHIP,
a Delaware limited partnership
By: /s/ John R. Jeater
------------------------------
Title: President
---------------------------
Licensee:
FLORIDA SOUND ENGINEERING COMPANY,
a Florida corporation
By: /s/ Mark Coughlin
------------------------------
Title: President
---------------------------
61
<PAGE>
Each of the undersigned (i) owns, directly, indirectly, or beneficially, a
controlling interest in Licensee; (ii) has read this Agreement; and (iii) agrees
to be bound by those provisions of this Agreement that impose obligations on the
owners of controlling interests in Licensee.
/s/ Warren C. Coughlin
- -------------------------------------
(Typed Name) WARREN C. COUGHLIN
- -------------------------------------
Date: 1-8-91
------------------------------
Address: 3016 Mercury Road S.
---------------------------
Jacksonville, Fla. 32207
---------------------------
/s/ Mark Coughlin
- -------------------------------------
(Typed Name) MARK COUGHLIN
- -------------------------------------
Date: 1/10/91
------------------------------
Address: 3016 Mercury Road S.
---------------------------
Jacksonville, Fla. 32207
---------------------------
/s/ Alice Mach Coughlin
- -------------------------------------
(Typed Name) ALICE MACH COUGHLIN
- -------------------------------------
Date: 1/2/91
------------------------------
Address: 3016 Mercury Road S.
---------------------------
Jacksonville, Fla. 32207
---------------------------
/s/ Cynthia Coughlin Schmidt
- -------------------------------------
(Typed Name) CYNTHIA COUGHLIN SCHMIDT
- -------------------------------------
Date: 1/10/91
------------------------------
Address: 1003 Greenridge Road
---------------------------
Jacksonville, Fla. 32207
---------------------------
<PAGE>
========================================================
FLORIDA SOUND ENGINEERING COMPANY
Years Ended December 31, 1994 and 1993
========================================================
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
Years Ended December 31, 1994 and 1993
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
TABLE OF CONTENTS
Years Ended December 31, 1994 and 1993
<TABLE>
<CAPTION>
Page Number
-----------
<S> <C>
Independent Auditors' Report 1
Balance Sheet 2
Statement of Income and Retained Earnings 3
Statement of Cash Flows 4
Notes to Financial Statements 5 - 7
Accountants' Report On Supplementary
Information 8
Statement of Operating Costs and Expenses 9
Statement of Selling, General and
Administrative Expenses 10
</TABLE>
<PAGE>
Independent Auditor's Report
------------------------------
Board of Directors
Florida Sound Engineering Company
We have audited the accompanying balance sheet of Florida Sound Engineering
Company as of December 31, 1994 and 1993 and the related statements of income
and retained earnings, and cash flows for the years then ended. These financial
statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Florida Sound Engineering
Company as of December 31, 1994 and 1993, and the results of its operations and
its cash flows for the years then ended in conformity with generally accepted
accounting principles.
/s/ Meek and McLeod
Meek and McLeod
Certified Public Accountants
Jacksonville, Florida
January 12, 1996
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
BALANCE SHEET
<TABLE>
<CAPTION>
December 31,
1994 1993
---------- ----------
ASSETS
<S> <C> <C>
Current Assets
Cash and cash equivalents $ 81,125 $ 85,779
Receivables:
Trade, less allowance for doubtful
accounts of $22,700 and $25,550 420,719 299,161
Other 1,675 7,099
Inventories 368,320 264,889
Prepaid expenses and other 30,377 36,483
---------- ----------
Total current assets 902,216 693,411
---------- ----------
Property and Equipment, at cost less accumulated
depreciation of $1,748,674 and $1,518,746 1,201,038 1,282,349
---------- ----------
Deferred charges and other assets
Deferred charges 51,859 65,002
Franchises 37,499 37,499
Receivables from stockholders 16,532 21,336
Other 14,100 6,100
---------- ----------
119,990 129,937
---------- ----------
Total assets $2,223,244 $2,105,697
========== ==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable and accrued expenses $ 157,598 $ 157,615
Note payable - officer 125,000 -
Current maturities of long-term debt 8,038 50,679
Unremitted tax collections 10,792 5,177
---------- ----------
Total current liabilities 301,428 213,471
---------- ----------
Long-term debt, less current maturities - 3,345
---------- ----------
Commitments - -
Stockholders' Equity
Capital stock - $1 par - issued and outstanding
5,000 shares 5,000 5,000
Retained earnings 1,916,816 1,883,881
---------- ----------
Total stockholders' equity 1,921,816 1,888,881
---------- ----------
Total liabilities and stockholders' equity $2,223,244 $2,105,697
========== ==========
</TABLE>
See notes to financial statements.
-2-
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
STATEMENT OF INCOME AND RETAINED EARNINGS
<TABLE>
<CAPTION>
Years Ended December 31,
1994 1993
----------- -----------
<S> <C> <C>
Operating revenues $ 3,630,129 $ 2,826,191
---------- ----------
Costs and expenses
Operating 2,013,101 1,381,457
Selling, general and administrative 1,206,427 1,066,588
Depreciation 264,523 250,209
Amortization 13,143 12,811
---------- ----------
3,497,194 2,711,065
---------- ----------
Income before income taxes 132,935 115,126
Provision for income taxes - -
---------- ----------
Net income 132,935 115,126
Retained earnings - beginning 1,883,881 1,768,755
Stockholder distributions (100,000) -
---------- ----------
Retained earnings - ending $1,916,816 $1,883,881
========== ==========
</TABLE>
See notes to financial statements.
-3-
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
STATEMENT OF CASH FLOWS
<TABLE>
<CAPTION>
Years Ended December 31,
1994 1993
----------- -----------
<S> <C> <C>
Cash flows from (used in) operating activities
Net income $ 132,935 $ 115,126
Noncash items
Depreciation and amortization 277,666 263,020
Increase in accounts receivable,
inventories and other current assets (213,459) (19,503)
Increase (decrease) in current liabilities 87,957 (75,068)
----------- -----------
Cash flows from operating activities 285,099 283,575
----------- -----------
Cash flows from (used in) financing activities
Proceeds from borrowings - 10,035
Repayment of long-term debt (3,345) (47,886)
Stockholder distribution (100,000) -
----------- -----------
Cash flows used in financing activities (103,345) (37,851)
----------- -----------
Cash flows from (used in) investing activities
Additions to property and equipment (183,212) (276,072)
Deferred charges acquisition - 1,050
Decrease (increase) in receivable from stockholders 4,804 (6,786)
Increase in deposits (8,000) (6,000)
----------- -----------
Cash flows used in investing activities (186,408) (287,808)
----------- -----------
Decrease in cash and cash equivalents (4,654) (42,084)
Beginning cash and cash equivalents 85,779 127,863
----------- -----------
Ending cash and cash equivalents $ 81,125 $ 85,779
=========== ===========
Supplementary cash flow information:
Income taxes paid $ -0- $ -0-
Interest paid 6,766 10,365
</TABLE>
See notes to financial statements.
-4-
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 1994 and 1993
1. Summary of significant accounting policies
Inventories are stated at cost, cost being determined by the first-in, first-
out method.
Property and equipment are stated at cost less accumulated depreciation. The
cost of retrievable equipment installed at new subscriber locations is
capitalized while the cost of installation labor and non-retrievable
installation supplies consumed are charged to operations. Depreciation is
provided for by the straight line and accelerated methods, both for
financial reporting and income tax purposes, over estimated useful lives
as follows:
<TABLE>
<S> <C>
Subscriber and studio equipment 7 years
Automotive equipment 5 years
Office and data processing equipment 5 - 7 years
Building and improvements 15 - 31 years
</TABLE>
The Company's shareholders have elected, under applicable provisions of the
Internal Revenue Code, to have the Company's net income taxed directly to
them. Accordingly no provision is made for federal and Florida income
taxes.
2. Property and equipment
<TABLE>
<CAPTION>
1994 1993
------------ ------------
<S> <C> <C>
Property and equipment at December 31, 1994
and 1993 consist of:
Land $ 29,921 $ 29,921
Subscriber and studio equipment 2,033,425 1,899,248
Automotive equipment 299,193 314,647
Office and data processing equipment 306,501 276,607
Building and improvements 280,672 280,672
---------- ----------
2,949,712 2,801,095
Accumulated depreciation 1,748,674 1,518,746
---------- ----------
$ 1,201,038 $ 1,282,349
========== ==========
</TABLE>
-5-
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 1994 and 1993
<TABLE>
<CAPTION>
1994 1993
----------- -----------
<S> <C> <C>
3. Deferred charges
Deferred charges at December 31, 1994
and 1993 consist of:
Contract acquisition costs $ 38,824 $ 47,227
Negative covenant-acquired business 13,035 17,775
----------- -----------
$ 51,859 $ 65,002
=========== ===========
</TABLE>
4. Long-term debt
<TABLE>
<S> <C> <C>
Long term debt at December 31, 1994
and 1993 consists of:
Business acquisition note payable - 6%,
due in installments to October 1, 1994 $ 4,693 $ 45,661
Vehicle notes payable, due in
installments to 1995 3,345 8,363
----------- -----------
8,038 54,024
Less current maturities 8,038 50,679
----------- -----------
$ - $ 3,345
=========== ===========
</TABLE>
5. Retirement plan
The Company provided a section 401K retirement plan for the benefit of its
employees, other than officer/stockholders. At the discretion of the Board
of Directors, funds contributed by employees are matched by the Company to
a maximum of $1,000 per employee. The matching portions for 1994 and 1993
were $15,915 and $13,293 respectively.
-6-
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 1994 and 1993
6. Commitments, etc.
Minimum annual commitments for multiplex and tower rentals are:
1995 $ 22,499
1996 7,300
7. Related Party Transactions
The Company has made interest bearing loans to its officer/stockholders. Out
standing balances at December 31, 1994 and 1993 of $16,532 and $21,336 are
included in non-current assets.
8. Subsequent events
As of January 31, 1995, the Company has agreed to acquire 898 shares of its
outstanding stock from the estate of a deceased stockholder. The $690,224
redemption price will be payable in 180 monthly installments of $6,500,
which includes interest at the rate of 7.7294%. It is anticipates that the
agreement, when signed, will be retroactive to February 1, 1995.
-7-
<PAGE>
ACCOUNTANTS' REPORT ON SUPPLEMENTARY INFORMATION
Board of Directors
Florida Sound Engineering Company
The accompanying supplementary information contained on pages 9 and 10 for the
years ended December 31, 1994 and 1993, is presented only for analysis purposes
and has been subjected to the inquiry and analytical procedures applied in the
audits of the basic financial statements. All information included in these
schedules is the representation of the management of Florida Sound Engineering
Company. We did not become aware of any material modifications that should be
made to this supplementary information.
/s/ Meek and McLeod
Meek and McLeod
Certified Public Accountants
Jacksonville, Florida
February 15, 1996
-8-
<PAGE>
See Accountants' Report on
Supplementary Information
FLORIDA SOUND ENGINEERING COMPANY
STATEMENT OF OPERATING COSTS AND EXPENSES
<TABLE>
<CAPTION>
Years Ended December 31,
1994 1993
----------- -----------
<S> <C> <C>
Cost of sound and equipment sales $ 1,149,220 $ 574,307
Automotive 43,628 37,454
Equipment maintenance 19,892 15,040
Freight and express 186 3,627
Installation 28,341 17,802
Leased lines 37 139
Multiplex fees 11,803 23,423
Outside engineering 1,138 52,071
Recorded tapes 41,542 37,413
Rental - tower 9,494 9,222
Royalty and performance fees:
A.S.C.A.P. 84,557 84,687
B.M.I. 28,842 28,685
Muzak 117,737 124,740
Salaries and bonuses 439,763 339,024
Taxes - payroll 34,763 27,937
Travel 2,158 5,886
---------- ----------
Total $ 2,013,101 $ 1,381,457
========== ==========
</TABLE>
See notes to financial statements.
-9-
<PAGE>
See Accountants' Report On
Supplementary Information
FLORIDA SOUND ENGINEERING COMPANY
STATEMENT OF SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
<TABLE>
<CAPTION>
Years Ended December 31,
1994 1993
----------- -----------
<S> <C> <C>
Accounting and legal $ 29,418 $ 20,985
Advertising 16,556 24,603
Automotive 56,844 54,431
Bad debts 42,338 46,570
Contributions 17,229 9,941
Conventions and meetings 17,235 4,847
Data processing expenses 6,654 7,306
Dues and subscriptions 5,325 5,921
Entertainment and promotion 10,388 15,668
Insurance 84,587 85,089
Interest 5,258 6,766
Janitorial, garbage and yard maintenance 8,457 7,789
Miscellaneous 2,729 2,918
Office 19,331 16,325
Postage 10,024 10,194
Rent 1,508 978
Repair and maintenance 9,497 15,402
Retirement plan 15,915 13,293
Salaries and bonuses - sales and administrative 305,569 261,902
Salaries and bonuses - officers 435,768 357,609
Sales 6,902 2,170
Taxes - payroll 44,331 39,819
Taxes - other 14,365 14,225
Telephone 31,213 30,012
Travel 458 2,247
Uniforms 860 1,519
Utilities 7,668 8,059
---------- ----------
Total $ 1,206,427 $ 1,066,588
========== ==========
</TABLE>
See notes to financial statements
-10-
<PAGE>
========================================================
FLORIDA SOUND ENGINEERING COMPANY
Years Ended December 31, 1995 and 1994
========================================================
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
Years Ended December 31, 1995 and 1994
<PAGE>
Independent Auditor's Report
------------------------------
Board of Directors
Florida Sound Engineering Company
We have audited the accompanying balance sheets of Florida Sound Engineering
Company as of December 31, 1995 and 1994 and the related statements of income
and retained earnings, and cash flows for the years then ended. These financial
statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Florida Sound Engineering
Company as of December 31, 1995 and 1994, and the results of its operations and
its cash flows for the years then ended in conformity with generally accepted
accounting principles.
/s/ Meek and McLeod
Meek and McLeod
Certified Public Accountants
Jacksonville, Florida
February 15, 1996
-1-
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
BALANCE SHEET
<TABLE>
<CAPTION>
December 31,
1995 1994
---------- ----------
ASSETS
<S> <C> <C>
Current Assets
Cash and cash equivalents $ 226,728 $ 81,125
Receivables:
Trade, (including 1995 retainages of $62,514)
less allowance for doubtful accounts of
$12,600 and $22,700 408,138 420,719
Other 566 1,675
Inventories 365,974 368,320
Prepaid expenses and other 54,316 30,377
---------- ----------
Total current assets 1,055,722 902,216
---------- ----------
Property and Equipment, at cost less accumulated
depreciation of $2,010,028 and $1,748,674 1,178,672 1,201,038
---------- ----------
Deferred charges and other assets
Deferred charges 38,716 51,859
Franchises 37,499 37,499
Receivables from stockholders 3,237 16,532
Other 14,100 14,100
---------- ----------
93,552 119,990
---------- ----------
Total assets $2,327,946 $2,223,244
========== ==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable and accrued expenses $ 166,408 $ 157,598
Note payable 669,077 8,038
Note payable - officer - 125,000
Unremitted tax collections 6,279 10,792
---------- ----------
Total current liabilities 841,764 301,428
---------- ----------
Commitments - -
Stockholders' Equity
Capital stock - $1 par - issued and outstanding,
4,102 and 5,000 shares 4,102 5,000
Retained earnings 1,482,080 1,916,816
---------- ----------
Total stockholders' equity 1,486,182 1,921,816
---------- ----------
Total liabilities and stockholders' equity $2,327,946 $2,223,244
========== ==========
</TABLE>
See notes to financial statements.
-2-
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
STATEMENT OF INCOME AND RETAINED EARNINGS
<TABLE>
<CAPTION>
Years Ended December 31,
1995 1994
----------- -----------
<S> <C> <C>
Operating revenues $ 3,842,915 $ 3,630,129
Costs and expenses
Operating 2,170,842 2,013,101
Selling, general and administrative 1,019,767 1,206,427
Depreciation 268,186 264,523
Amortization 13,143 13,143
---------- ----------
3,471,938 3,497,194
---------- ----------
Income before income taxes 370,977 132,935
Provision for income taxes - -
---------- ----------
Net income 370,977 132,935
Retained earnings - beginning 1,916,816 1,883,881
Stockholder distributions (116,387) (100,000)
Capital stock redemption (689,326) -
---------- ----------
$1,482,080 $1,916,816
========== ==========
</TABLE>
See notes to financial statements.
-3-
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
STATEMENT OF CASH FLOWS
<TABLE>
<CAPTION>
Years Ended December 31,
1995 1994
----------- -----------
<S> <C> <C>
Cash flows from (used in) operating activities
Net income $ 370,977 $ 132,935
Noncash items
Depreciation and amortization 281,329 277,666
Increase in accounts receivable,
inventories and other current assets (7,903) (213,459)
Increase in current liabilities 540,335 87,957
----------- -----------
Cash flows from operating activities 1,184,738 285,099
----------- -----------
Cash flows used in financing activities
Proceeds from borrowings - -
Repayment of long-term debt - (3,345)
Stockholder distributions (116,387) (100,000)
Redemption of capital stock (690,224) -
----------- -----------
Cash flows used in financing activities (806,611) (103,345)
----------- -----------
Cash flows from (used in) investing activities
Additions to property and equipment (245,819) (183,212)
Decrease in receivables from stockholders 13,295 4,804
Increase in deposits - (8,000)
----------- -----------
Cash flows used in investing activities (232,524) (186,408)
----------- -----------
Increase (decrease) in cash and cash equivalents 145,603 (4,654)
Beginning cash and cash equivalents 81,125 85,779
----------- -----------
Ending cash and cash equivalents $ 226,728 $ 81,125
=========== ===========
Supplementary cash flow information:
Income taxes paid $ - $ -
Interest paid 49,486 6,766
</TABLE>
See notes to financial statements.
-4-
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 1995 and 1994
1. Summary of significant accounting policies
Inventories are stated at cost, cost being determined by the first-in, first-
out method.
Property and equipment are stated at cost less accumulated depreciation. The
cost of retrievable equipment installed at new subscriber locations is
capitalized while the cost of installation labor and non-retrievable
installation supplies consumed are charged to operations. Depreciation is
provided for by the straight line and accelerated methods, both for
financial reporting and income tax purposes, over estimated useful lives
as follows:
<TABLE>
<S> <C>
Subscriber and studio equipment 7 years
Automotive equipment 5 years
Office and data processing equipment 5 - 7 years
Building and improvements 15 - 31 years
</TABLE>
The Company's shareholders have elected, under applicable provisions of the
Internal Revenue Code, to have the Company's net income taxed directly to
them. Accordingly no provision is made for federal and Florida income
taxes.
2. Property and equipment
<TABLE>
<CAPTION>
1995 1994
----------- -----------
<S> <C> <C>
Property and equipment at December 31, 1995
and 1994 consist of:
Land $ 29,921 $ 29,921
Subscriber and studio equipment 2,237,145 2,033,425
Automotive equipment 334,355 299,193
Office and data processing equipment 306,607 306,501
Building and improvements 280,672 280,672
---------- ----------
3,188,700 2,949,712
Accumulated depreciation 2,010,028 1,748,674
---------- ----------
$ 1,178,672 $ 1,201,038
========== =========
</TABLE>
-5-
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 1995 and 1994
<TABLE>
<CAPTION>
1995 1994
----------- -----------
<S> <C> <C>
3. Deferred charges
Deferred charges at December 31, 1995
and 1994 consist of:
Contract acquisition costs $ 30,421 $ 38,824
Negative covenant-acquired business 8,295 13,035
----------- -----------
$ 38,716 $ 51,859
=========== ===========
</TABLE>
4. Retirement plan
The Company provided a section 401K retirement plan for the benefit of its
employees, other than officer/stockholders. At the discretion of the
Board of Directors, funds contributed by employees are matched by the
Company to a maximum of $1,000 per employee. The matching portions for
1995 and 1994 were $17,095 and $15,915 respectively. The plan was
terminated as of November 30, 1995.
5. Commitments, etc.
Minimum annual commitments for multiplex and tower rentals are:
1996 $ 7,300
Thereafter -
6. Related party transactions
The Company has made interest bearing loans to its officer/stockholders.
Out-standing balances at December 31, 1995 and 1994 of $3,237 and $16,532
are included in non-current assets.
-6-
<PAGE>
FLORIDA SOUND ENGINEERING COMPANY
NOTES TO FINANCIAL STATEMENTS
Years Ended December 31, 1995 and 1994
7. Stockholders' equity and note payable
As of January 31, 1995, the Company redeemed 898 shares of its outstanding
capital stock from the estate of a deceased stockholder. The December 31,
1995 balance of the 7.729% $690,224 unsecured note issued as consideration
for the redemption was paid in full January 3, 1996 and is reflected as
currently due at December 31, 1995.
8. Subsequent events
Substantially all of the Company's assets (including its name) were sold to a
publically traded company for cash on January 2, 1996. As of that date the
Company ceased operation.
-7-
<PAGE>
ACCOUNTANTS' REPORT ON SUPPLEMENTARY INFORMATION
Board of Directors
Florida Sound Engineering Company
The accompanying supplementary information contained on pages 9 and 10 for the
years ended December 31, 1995 and 1994, is presented only for analysis purposes
and has been subjected to the inquiry and analytical procedures applied in the
audits of the basic financial statements. All information included in these
schedules is the representation of the management of Florida Sound Engineering
Company. We did not become aware of any material modifications that should be
made to this supplementary information.
/s/ Meek and McLeod
Meek and McLeod
Certified Public Accountants
Jacksonville, Florida
February 15, 1996
-8-
<PAGE>
See Accountants' Report on
Supplementary Information
FLORIDA SOUND ENGINEERING COMPANY
STATEMENT OF OPERATING COSTS AND EXPENSES
<TABLE>
<CAPTION>
Years Ended December 31,
1995 1994
----------- -----------
<S> <C> <C>
Cost of sound and equipment sales $ 1,111,531 $ 1,149,220
Automotive 53,154 43,628
Equipment maintenance 22,084 19,892
Freight and express 4,910 186
Installation 17,041 28,341
Leased lines - 37
Multiplex fees 13,900 11,803
Outside engineering - 1,138
Recorded tapes 35,621 41,542
Rental - tower 9,769 9,494
Royalty and performance fees:
A.S.C.A.P. 83,925 84,557
B.M.I. 27,836 28,842
Muzak 117,028 117,737
Salaries and bonuses 619,428 439,763
Taxes - payroll 50,237 34,763
Travel 4,378 2,158
---------- ----------
Total $ 2,170,842 $ 2,013,101
========== ==========
</TABLE>
See notes to financial statements
-9-
<PAGE>
See Accountants' Report On
Supplementary Information
FLORIDA SOUND ENGINEERING COMPANY
STATEMENT OF SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
<TABLE>
<CAPTION>
Years Ended December 31,
1995 1994
----------- -----------
<S> <C> <C>
Accounting and legal $ 48,854 $ 29,418
Advertising 19,874 16,556
Automotive 21,735 56,844
Bad debts 44,353 42,338
Contributions 6,303 17,229
Conventions and meetings 8,395 17,235
Data processing expenses 6,990 6,654
Dues and subscriptions 4,741 5,325
Entertainment and promotion 25,703 10,388
Insurance 101,018 84,587
Interest 53,796 5,258
Janitorial, garbage and yard maintenance 8,707 8,457
Miscellaneous 1,594 2,729
Office 14,427 19,331
Postage 8,731 10,024
Rent 1,273 1,508
Repair and maintenance 10,117 9,497
Retirement plan 17,095 15,915
Salaries and bonuses - sales and administrative 306,091 305,569
Salaries and bonuses - officers 210,941 435,768
Sales 2,948 6,902
Taxes - payroll 38,058 44,331
Taxes - other 17,086 14,365
Telephone 30,128 31,213
Travel - 458
Uniforms 2,541 860
Utilities 8,268 7,668
---------- ----------
Total $ 1,019,767 $ 1,206,427
========== ==========
</TABLE>
See notes to financial statements
-10-
<PAGE>
Exhibit 5
AUDIO COMMUNICATIONS NEWWORK, INC. AND SUBSIDIARIES
UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET
DECEMBER 31, 1995
<TABLE>
<CAPTION>
Adjustments and FL SOUND
Eliminations AUCM Per Audited
Assets: Consolidated Debit Credit Per 10K Statements
<S> <C> <C> <C> <C> <C>
Current Assets:
Cash and Cash Equivalents $ 1,142,042 $ 6,190,000(1) $ 114,793(1) $590,107 $ 226,728
226,728(2)
5,750,000(2)
Accts Receivable - Net 879,754 48,704(2) 519,754 408,704
Inventories 719,888 5,974(2) 359,888 365,974
Prepaid & Other 33,416 54,316(2) 33,416 54,316
---------- ----------- --------- -------- -----------
Total Current Assets 2,775,100 6,190,000 6,200,515 1,503,165 1,055,722
Property at Cost 7,470,216 2,219,700(2) 6,501,216 3,188,700
Accumulated Depreciation (3,142,999) 2,010,028(2) (3,142,999) (2,010,028)
---------- ----------- --------- ---------- -----------
Property - Net 4,327,217 2,010,028 2,219,700 3,358,217 1,178,672
Other Assets:
N/C Notes Receivable -0- 3,237(2) -0- 3,237
Intangible Assets 2,906,530 72,400(1) 76,215 1,541,922 76,215
1,292,208(2)
Goodwill 4,536,104 2,768,792(2) 1,994,040 -0-
Deposits - Other 13,734 14,100(2) 13,734 14,100
----------- ----------- --------- --------- -----------
Total - Other Assets 7,456,368 4,133,400 93,552 3,549,696 93,552
----------- ----------- ---------- ---------- -----------
Total Assets $14,558,685 $12,333,428 $8,513,767 $8,411,078 $ 2,327,946
=========== =========== ========== ========== ===========
</TABLE>
<PAGE>
AUDIO COMMUNICATIONS NETWORK, INC. AND SUBSIDIARIES
UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET
DECEMBER 31, 1995
<TABLE>
<CAPTION>
Liabilities and Stockholders' Adjustments and FL SOUND
Equity: Eliminations AUCM Per Audited
Consolidated Debit Credit Per 10K Statements
<S> <C> <C> <C> <C> <C>
Current Liabilities:
Current Maturities of
Long Term Debt $ 1,205,697 $ 822,000(1) $ 1,104,000(1) $ 923,697 $ 669,077
669,077(2)
Current portion of obligations
under capital leases 12,697 12,697 -0-
Accounts payable and
accrued expenses 506,085 42,393(1) 548,478 172,687
172,687(2)
----------- ---------- ----------- ----------- ----------
Total Current Liabilities 1,724,479 1,706,157 1,104,000 1,484,872 841,764
Long-Term Debt 9,997,019 3,988,000(1) 9,896,000(1) 4,089,019 -0-
Deferred Compensation 50,000 50,000 -0-
Stockholders' Equity:
Common Stock 560,955 4,102(2) 560,955 4,102
Capital Surplus 5,011,451 5,011,451 -0-
Accumulated Earnings (Deficit) (2,785,219) 1,482,080(2) (2,785,219) 1,482,080
----------- ---------- ----------- ----------- ----------
Total 2,787,187 1,486,182 -0- 2,787,187 1,486,182
----------- ---------- ----------- ----------- ----------
Total - Liabilities &
Stockholders' Equity $14,558,685 $7,180,339 $11,000,000 $ 8,411,078 $2,327,946
=========== ========== =========== =========== ==========
</TABLE>
<PAGE>
AUDIO COMMUNICATIONS NETWORK, INC. AND SUBSIDIARIES
UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS
YEAR ENDED DECEMBER 31, 1995
<TABLE>
<CAPTION>
Adjustments and FL SOUND
Revenue: Eliminations AUCM Per Audited
Consolidated Debit Credit Per 10K Statements
<S> <C> <C> <C> <C> <C>
Total Revenue $11,464,410 $ $ $7,621,495 $3,842,915
Cost of Sales 5,232,517 3,061,675 2,170,842
----------- -------- -------- ---------- ----------
Gross Profit 6,231,893 4,559,820 1,672,073
Operating Expenses 2,985,590 232,676(3) 2,252,295 965,971
----------- -------- -------- ---------- ----------
Operating Income (Loss) 3,246,303 232,676 2,307,525 706,102
Interest Expense-Outside 984,218 446,106(3) 53,796(3) 538,112 53,796
Other:
(Income) (100,463) 100,463)
Deductions 31,579 31,579
Total-Other (Net) (68,884) (68,884)
----------- -------- -------- ---------- ----------
Income (Loss) Before D & R 2,330,969 446,106 286,472 1,838,297 652,306
Depreciation &
Amortization 1,661,404 489,734(3) 281,329(3) 1,171,670 281,329
Income (Loss) Before
Income Taxes 669,565 935,840 567,801 666,627 370,977
Provision for Taxes 57,500 57,500
----------- -------- -------- ---------- ----------
Net Income (Loss) $ 612,065 $935,840 $567,801 $ 609,127 $ 370,977
=========== ======== ======== ========== ==========
Earnings per share $ .27 $ .27
=========== ==========
</TABLE>
<PAGE>
NOTES TO FINANCIAL STATEMENTS
(1) On January 2, 1996 Audio Communications Network, Inc.
restructured its loan with SunTrust Bank, Central
Florida, N.A. to give Audio the ability to purchase
for cash the assets of Florida Sound Engineering
Company.
(2) The sale of the assets for $5,750,000 included the
MUZAK franchise business and its Pro Sound Division
with its accounts receivables, inventory and other
equipment at its fair market value and goodwill.
(3) To adjust Florida Sound Engineering's 1995 operations
to include additional expense incurred by Audio
Communications Network, Inc. and eliminate the former
owner's expenses which will not be incurred by the
Company.
