CONTRACT OF SALE
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In consideration of the forgiveness of TWO MILLION DOLLARS and no/100
($2,000,000.00) in indebtedness owed by VDC TELECOMMUNICATIONS, INC. ("Seller")
to VDC COMMUNICATIONS, INC. ("Buyer"), Seller hereby sells, upon the terms and
conditions in this contract, to Buyer the equipment (the "Equipment") described
as follows:
Front End: DMS 300/250 SNSE with BRISC60 processor and SLM III
Software: GWCARR004 (release GWY04)
Billing Format: CDR15/UCS07
DTC's: 13
PDTC's: 10
LIU's: 10
EIU's: 2
Redundant SS7 "A" Links on ICG via TNS
Single MTD - 9 Track Tape Drive
2 - 400 VA Invertors
BDFB - Distribution Frame
8 Hour Battery backup system
Overhead cable rack system
Redundant Air-conditioning system
Nortel D4 Channel Bank
DS3 Multiplexers (CAC, RAD, Adtran)
DSX Cross Connect panels
Maintenance terminals and printers.
Coherent Echo Cancellation (E1 capable - 90 Channels)
Meridian 2 Cabinet PBX
Upon execution of this contract, Buyer shall bear all risk of loss or injury to
the Equipment. Buyer is purchasing the Equipment in an "as is" condition and
where presently located.
This is a final sale. The parties hereby agree to all of the above terms which
constitute the entire agreement and supersedes any prior written or oral
agreements between the parties.
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In witness whereof, the parties have signed this contract on
October 30, 2000.
WITNESS: BUYER:
/s/ Chris Peterson VDC COMMUNICATIONS, INC.
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Signature
By:/s/ Clayton F. Moran
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Chris Peterson Clayton F. Moran
------------------------------------ Chief Financial Officer
Print Name
WITNESS SELLER:
/s/ Joan Moran VDC TELECOMMUNICATIONS, INC.
------------------------------------
Signature
By:/s/ Frederick A. Moran
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Joan Moran Frederick A. Moran
------------------------------------ President
Print Name
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