THIS DOCUMENT IS A COPY OF THE 8-K PREVIOUSLY FILED ON DECEMBER 2, 1996
PURSUANT TO A RULE 201 TEMPORARY HARDSHIP EXEMPTION.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 15, 1996
United Payphone Services, Inc.
(Exact name of registrant as specified in its charter)
Nevada 0-24138 88-0232816
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
105 East Ellis, Tempe, Arizona 85282
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code (602)839-9968
N/A
(Former name or former address, if changed since last report.)
<PAGE> 1
Item 2. Acquisition or Disposition of Assets
(a) Pursuant to an Asset Purchase Agreement dated November 15, 1996,
("Closing Date"), the Company sold substantially all of its fixed assets to
Tru-Tel Communications, L.L.C., a Nevada limited liability company ("Tru-Tel").
All of the Company's right, title and interest in all of its' fixed assets
(which constitutes 49% of total assets) have been transferred to Tru-Tel as of
the Closing Date. In return the Company received a cash payment in the amount
of $1,711,250 and a secured promissory note from Tru-Tel in the original
principal amount of $811,250 (the "Tru-Tel Note"). The amount of consideration
received by the Company was determined using the cash-flow method of valuation.
The Tru-Tel Note will accrue interest at the rate of 8% per annum. Under the
terms of the Tru-Tel Note, monthly principal and interest payments, in the
aggregate amount of $14,000 per month, are payable to the Company commencing
on February 15, 1997, with the final payment of all accrued and unpaid interest
and outstanding principal due on or before January 15, 2002. The Tru-Tel Note
is secured by a lien on all of the purchased assets and is personally
guaranteed by the principals of Tru-Tel. A cash payment in the amount of
$1,711,250 was received by the Company on November 15, 1996.
The Asset Purchase Agreement prohibits the Company from engaging in,
either directly or indirectly, in any business of any kind or nature
whatsoever which operates public or private payphones within the State of
Arizona. In addition, the Company may not install or maintain any phone
equipment, or provide related services, for any party to its existing
contracts, which were sold to Tru-Tel. As a result, the Company has no
business operations at this time. The Company currently plans to conduct a
search for possible merger or acquisition candidates in another line of
business or explore other business opportunities. However, at this time the
Company does not have any plans for any particular business activity and has
not identified any potential merger of acquisition candidates or business
opportunities.
There is no other material relationship between Tru-Tel, its directors and
officers and any associates of its officers and directors, and the Company, its
directors and officers and any associates of its officers and directors.
Item 5. Other Events
(a) Grand Jury Indictments
On November 6, 1996, a true bill was returned by the Grand Jury in the
United States District Court in Nevada against Michael G. Swan and Claudia
Higgins. By indictment number CR-S-96-288, Mr. Swan and Ms. Higgins were
accused of racketeering, RICO violations, securities fraud and wire fraud.
All of the charges arise out of alleged activities of Mr. Swan and Ms. Higgins
while serving as directors and officers of the Company. Also named in the
indictment was Kevin Orton, the Company's former accountant. Mr. Swan and Ms.
Higgins were also named as "other relevant persons and entities" but were not
charged, in two other indictments, alleging among other things, securities and
fraud violations, filed respectively on October 20, 1996 and November 6, 1996.
<PAGE> 2
Mr. Swan served as president and director of the Company from February
1992 through April 1995. From April 1995 through September 1996, Mr. Swan
served as consultant to the Company. From November 1991 through April 1995,
Ms. Higgins served as a director and secretary/treasurer of the Company.
The Company was not named as a defendant in the indictments. However,
given that the indictments relate to activities alleged to have perpetrated
by then officers and directors of the Company, there can be no assurance that
the indictments will not have material adverse effect on the Company.
(b) Reason for Amendment
This document includes the exhibits specified in Item 7 which were filed
on paper pursuant to a temporary hardship exemption. THIS DOCUMENT IS A COPY
OF THE 8-K EXHIBITS PREVIOUSLY FILED ON DECEMBER 2, 1996 PURSUANT TO A RULE
201 TEMPORARY HARDSHIP EXEMPTION.
Item 7. Financial Statements and Exhibits
Financial Statements
It is impracticable to provide financial statements reflecting the sale
of the Company's assets at this time. A quarterly report for the period ended
September 30, 1996 on Form 10-QSB was filed with the Commission on November 19,
1996 pursuant to an extension in accordance with Rule 12b-25, but does not
reflect the sale of the Company's assets. Financial statements which reflect
the sale of the assets are currently being prepared and will be filed within
60 days of the filing of this 8-KSB.
Exhibits:
Exhibit Description
2.1 Asset Purchase Agreement
2.2 Promissory note from Tru-Tel Communications, L.L.C. to
United Payphone Services, Inc.
2.3 Security Agreement covering all assets subject to the Asset
Purchase Agreement from Tru-Tel Communications, L.L.C.
2.4 Personal Guaranty of the principals of Tru-Tel
Communications, L.L.C.
2.5 Bill of Sale for the assets covered in the Asset Purchase
Agreement
2.6 Subordination and Intercreditor Agreement between Finova
Capital Corporation, United Payphone Services, Inc., and
Tru-Tel Communications, L.L.C.
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report on its behalf by the undersigned
hereunto duly authorized.
UNITED PAYHPONES SERVICES, INC.
Date: November 15, 1996 By: /s/ David Westfere
David Westfere, CEO and
Principal Financial Officer
<PAGE> 1
Exhibit 2.1
ASSET PURCHASE AGREEMENT
THIS ASSET PURCHASE AGREEMENT (the "Agreement") is entered into effective as of
the 15th day of November, 1996, among United Payphone Services, Inc., a Nevada
corporation ('SELLER'); Tru-Tel Communications, L.L.C., a Nevada limited
liability company ('BUYER"); and Robert L. Hahn, Jan Hahn; Quaid Quadri; and
Marcella Quadri (the "Guarantors').
1. PURCHASE AND SALE OF ASSETS AND ASSUMPTION OF LIABILITIES
1.1. BUYER shall ,purchase from SELLER the assets described on
Exhibit "A" attached hereto and made a part hereof (the "
Purchased Assets'), which assets constitute all of the Assets
necessary and appropriate to own and operate SELLER's payphones
located in Phoenix and Tucson, Arizona; provided, however, that
BUYER and SELLER expressly agree and acknowledge that the assets
described on Exhibit "A-l' shall not be included in, or a part
of, the Purchased Assets (the 'Excluded Assets").
1.2. The effective date of the acquisition (the 'Closing Date') shall
be November 15, 1996, and the closing shall be at BUYER's
attorney's office in Las Vegas, Nevada on or before the
Closing Date.
1.3. BUYER shall pay SELLER in payment for the Purchased Assets
$2,522,500.00 (the "Purchase Price'), payable as follows:
A. $1,711,250 in cash payable on the Closing Date in
immediately available funds to an account designated
in writing by Seller to Buyer.
B. A promissory note, in the form of Exhibit "B" attached
hereto and made a part hereof (the "Note"), in the
original principal amount of $811,250.00, bearing
interest at the rate of 8% per annum, with monthly
payments of $14,000.00 per month payable commencing
February 15, 1997, and on the fifteenth (15th) day of
each month thereafter until and including December 15,
2001, and then a final payment of all accrued and
unpaid interest and the remaining unpaid principal
balance shall be due and payable on January 15, 2002.
All monthly payments shall be applied first to all
then accrued and unpaid interest on the Note, and then
to the outstanding principal balance of the Note.
1.4. As collateral security for the Promissory Note, (i). Buyer
shall execute and deliver to Seller a Security Agreement, in
the form of Exhibit "C" attached hereto and made a part hereof
(the 'Security Agreement') and (ii) Buyer shall cause the
Guarantors to execute and deliver to Seller a Guaranty
Agreement, in the form of Exhibit "D" attached hereto and made
a part hereof. Seller expressly agrees and acknowledges that
the liens granted to Seller by Buyer pursuant to the Security
Agreement shall be subordinate to the liens granted to Buyer's
senior secured lender, and that Seller shall be required to
execute a Subordination Agreement with Buyer's senior secured
lender on the terms and conditions mutually agreed to by Seller
and such senior secured lender.
<PAGE> 2
1.5. This Agreement and the closing herein contemplated is
contingent upon BUYER acquiring the Purchased Assets free
and clear of all liens, encumbrances, and other claims.
1.6. On the Closing Date, SELLER shall execute and deliver to
BUYER (i) a Bill of Sale, in the form of Exhibit "E' attached
hereto and made a part hereof (the 'Bill of Sale'), under the
terms of which SELLER shall sell, grant, convey, assign,
transfer and deliver the Purchased Assets to BUYER, and (ii)
such other bills of sale, deeds, instruments of assignment
and other appropriate documents as may be reasonably
requested by BUYER in order to carry out the intentions and
purposes of this Agreement.
1.7. It is expressly agreed and understood that SELLER shall be
solely responsible for all liabilities and obligations, of
any kind or nature whatsoever, incurred by SELLER arising
from or related to the Purchased Assets on or before the
Closing Date, including, but not limited to, all property
commissions, sales commissions, modem line charges, billing
charges, long distance services charges, bad debt charges,
claims for adjustments, lease payments, taxes and maintenance
expenses ("SELLER Liabilities"). In the event that BUYER
elects, at its sole option, to pay any of the SELLER
Liabilities which are then past due and remain unpaid, SELLER
shall, within seven (7) business days following written
notice from BUYER, reimburse BUYER for any amounts paid by
BUYER on the SELLER Liabilities. If not paid within seven
(7) business days, BUYER, at its sole option, may (i)
exercise all of BUYER's legal rights to recover such unpaid
amount from SELLER, or (ii) deduct such amount from the next
maturing monthly payment(s) on the Note.
1.8. On the Closing Date, BUYER shall assume all of SELLER's
right, title and interest in, to and under those certain (i)
Location Agreements listed on Exhibit 'F' attached hereto
and made a part hereof (the 'Contracts") which Contracts are
a part of the Purchased Assets and (ii) the real property
leases for the Phoenix and Tucson, Arizona offices (it being
expressly agreed and understood that the consent by the
landlords to the assignment by BUYER of these leases, or
alternatively, negotiate and execution of new leases, and the
release by SELLER from these leases is an express condition
precedent to the effectiveness of this Agreement). BUYER
shall not assume any of the SELLER Liabilities; however,
BUYER shall assume all liabilities and obligations incurred
after the Closing Date with respect to the Purchased Assets.
1.9. Except as expressly provided in Section 1. 8 hereof, BUYER is
not assuming, and shall not be deemed to have assumed, any
liabilities or obligations of SELLER or any kind or nature
whatsoever, including, but not limited to, any obligation or
liability of SELLER arising out of any action, suit or p
roceeding based upon an event occurring or a claim arising
(x) prior to the Closing Date or (y) after the Closing Date
in the case of claims in respect of services rendered by
SELLER prior to the Closing Date and attributable to acts
performed or omitted by SELLER prior to the Closing Date.
1.10. SELLER warrants to BUYER that all of the pay telephones,
which are a part of the Purchased Assets (the 'SELLER
Equipment'), will be in good working order on the Closing
Date.
<PAGE> 3
2. SELLER REPRESENTATIONS AND WARRANTIES. SELLER represents and
warrants to BUYER as follows-
2.1. SELLER has good and marketable title to all of the
Purchased Assets and none of such properties or assets
is subject to any security interests, mortgages,
encumbrances, liens or charges of any kind or
character, except for the liens granted by BUYER to
SELLER and by BUYER to SELLER's senior secured lender.
2.2. SELLER is a corporation duly incorporated, validly
existing and in good standing under the laws of the
State of Nevada. SELLER has all requisite corporate
power and authority to own its properties and carry on
their business as now conducted. SELLER is not in
default with respect to any order of any court,
governmental authority or arbitration board or tribunal
to which SELLER is a party or is subject, and SELLER
is not in violation of any laws, ordinances,
governmental rules or regulations to which it is
subject.
2.3. SELLER is not in default under any contract which is a
part of the Purchased Assets, including, but not limited
to the Contracts, nor has any event occurred which,
after the giving of notice or the passage of time or
both, would constitute a default under any such
Contracts. SELLER has no reason to believe that the
parties to such Contracts will not fulfill their
obligations under such Contracts in all material
respects. The transfer, sale and assignment of the
Contracts to BUYER from SELLER does not require the
written or oral consent or approval of any of the other
parties to the Contracts.
2.4. This Agreement constitutes, and all agreements and
documents contemplated hereby when executed and
delivered pursuant hereto for value received will
constitute, the valid and legally binding obligations of
SELLER enforceable in accordance with their terms.
The consummation. of the transactions contemplated
hereby does not require the consent of any third party,
other than the consent in writing of the shareholders
holding a majority in interest of the common stock of
SELLER which must be obtained as a condition precedent
to the effectiveness of this Agreement, will not result
in the material breach of any term or provision of, or
constitute a default under, the Contracts, any order,
judgment, injunction, decree, indenture, mortgage,
lease, lien, other agreement or instrument to which
SELLER is a party or by which it's bound, and will not
violate or conflict with any provision of the by-laws
or articles of incorporation of SELLER.
<PAGE> 4
2.5. The execution and delivery of this Agreement and all
agreements and documents contemplated hereby by SELLER,
and the consummation by it of the transaction
contemplated hereby, have been duly authorized by all
requisite corporate action. Attached hereto as Exhibit
"G' is a certificate of an executive officer of SELLER
certifying to (i) the incumbency and authority of the
officers executing this Agreement to do so; and (ii)
that this Agreement and the consummation by it of the
transactions contemplated hereby have been duly
authorized by all requisite corporate action.
2.6. SELLER has not entered into any contract, arrangement or
understanding with any person or firm which may result
in the obligation of SELLER or BUYER to pay any finder's
fees, brokerage or agent's commissions or other like
payments in connection with the negotiations leading to
this Agreement or the consummation of the transactions
contemplated hereby, and SELLER is not aware of any
claim or basis for any claim. for payment of any
finder's fees, brokerage or agent's commissions or
other payments in connection with the negotiations
leading to this Agreement or the consummation of the
transactions contemplated hereby.
2.7. There were at least 885 pay phones installed and in
operation as of the close of business on November 1,
1996 and there were at least 80 phones in inventory held
at SELLER's offices in Tucson and Phoenix, Arizona. The
average life on the Contracts as of November 1, 1996 was
at least 42 months.
2.8. The SELLER has duly and timely filed all federal, state
and local tax returns required to be filed by it on or
before the Closing Date, and all such Tax Returns are,
or will be by November 1, 1996, complete and correct in
all material respects. There are no liens, claims or
encumbrances for any federal, state or local taxes upon
any of the Purchased Assets, except for statutory liens
for current Taxes not yet due.
2.9. No representation or warranty by SELLER in this Article 2
or in any other Article or Section of this Agreement, or in any certificate or
other document furnished or to be furnished by SELLER pursuant hereto, contains
or will contain any untrue statement of a material fact or omits, or will omit
to state a material fact necessary to make the statements contained therein not
misleading.
3. REPRESENTATIONS AND WARRANTIES OF BUYER AND GUARANTORS.
BUYER and the Guarantors represent and warrant to SELLER as
follows:
<PAGE> 5
3.1. BUYER is a limited liability company duly organized, validly
existing and in good standing under the laws of the State of
Nevada. BUYER has all requisite corporate power and
authority to own its properties and carry on its business
as now conducted. BUYER is not in default with respect to
any order of any court, governmental authority or
arbitration board or tribunal to which BUYER is a party or
is subject, and BUYER is not in violation of any laws,
ordinances, governmental rules or regulations to which it
is subject.
3.2. This Agreement constitutes, and all agreements and documents
contemplated hereby when executed and delivered pursuant
hereto for value received will constitute, the valid and
legally binding obligations of BUYER enforceable in
accordance with their terms. The consummation of the
transactions contemplated hereby does not require the
consent of any third party not obtained, will not result in
the material breach of any term or provision of, or
constitute a default under, any order, judgment, injunction,
decree, indenture, mortgage, lease, lien, other agreement
or instrument to which BUYER is a party or by which it is
bound, and will not violate or conflict with any provision
of the by-laws or articles of incorporation of BUYER.
3.3. The execution and delivery of this Agreement and all
agreements and documents contemplated hereby by BUYER, and
the consummation by it of the transactions contemplated
hereby, have been duly authorized by all requisite corporate
action.
3.4. BUYER has not entered into any contract, arrangement or
understanding with any person or firm which may result in
the obligation of SELLER or BUYER to pay any finder's fees,
brokerage or agent's commissions or other like payments in
connection with the negotiations leading to this Agreement
or the consummation of the transactions contemplated hereby,
and BUYER is not aware of any claim or basis for any claim
for payment of any finder's fees, brokerage or agent's
commissions or other like payments in connection with the
negotiations leading to this Agreement or the consummation
of the transactions contemplated hereby.
3.5. No representation or warranty by BUYER in this Article 3 or
in any other Article or Section of this Agreement, or in
any certificate or other document furnished or to be
furnished by BUYER pursuant hereto, contains or will contain
any untrue statement of a material fact or omits or will
omit to state a material fact necessary to make the
statements contained therein not misleading.
4. OTHER COVENANTS AND AGREEMENTS.
4.1. Upon the terms and subject to the conditions set forth in
section 4.4 hereof and this Section 4.1, SELLER agrees to
indemnify and hold BUYER harmless against, and will
reimburse BUYER on demand for, any payment, loss, cost or
expense (including reasonable attorney's fees and reasonable
costs of investigation incurred in defending against such
payment, loss, cost or expense or claim therefor) made or
incurred by or asserted against BUYER after the Closing Date
in respect of-
<PAGE> 6
(i) the SELLER Liabilities; or
(ii) any material omission, misrepresentation, breach of
warranty, or nonfulfillment of any term, provision,
covenant or agreement on the part of SELLER
contained in this Agreement, or from any material
misrepresentation in, or omission from, any
certificate or other instrument furnished or to be
furnished to BUYER pursuant to this Agreement; or
(iii) any other costs, liabilities or expenses incurred by
SELLER prior to the Closing Date.
4.2. Upon the terms and subject to the conditions set forth in
Section 4.4 hereof and this Section 4.2, BUYER agrees to
indemnify and hold SELLER harmless against, and will
reimburse SELLER on demand for, any payment, loss, cost or
expense (including reasonable attorney's fees and reasonable
costs of investigation incurred in defending against such
payment, loss, cost or expense or claim therefore made or
incurred by or asserted against SELLER at any time after the
Closing Date in respect of-
(i) any material omission, misrepresentation, breach of
warranty, or nonfulfillment of any term, provision,
covenant or agreement on the part of BUYER contained
in this Agreement, or from any material
misrepresentation in, or omission from, any
certificate or other instrument furnished or to be
furnished to SELLER pursuant to this Agreement; or
(ii) any costs, liabilities or expenses incurred by BUYER
with respect to the Purchased Assets on or after the
Closing Date.
4.3. Upon the terms and subject to the conditions set forth in
Section 4.4 hereof and this Section 4.3, SELLER agrees to
indemnify and hold BUYER harmless against, and will reimburse
BUYER on demand for any and all tax deficiencies on the
Purchased Assets, arising from or related to SELLER's
operation or ownership of the pay telephones prior to the
Closing Date (but excluding any sales taxes, if any, arising
from the sale or transfer of the Purchased Assets pursuant to
this Agreement) in respect of federal, state, local and
foreign sales, use, income or franchise tax or taxes based on
or measured by income, including any interest or penalties
thereon and legal fees and expenses related hereto.
The indemnity provided for in this Section 4.3 shall be
independent of and in addition to any other indemnity
provision of this Agreement and, anything in this Agreement
to the contrary notwithstanding, shall survive until the
expiration of the applicable statutes of limitation for the
taxes referred to herein.
<PAGE> 7
4.4. With respect to any actual or potential claim, any written
demand, the commencement of any action, or the occurrence of
any other event which involves any matter or related series of
matters (a "Claim") against which a party hereto is
indemnified (the 'Indemnified Party') by the other party (the
"Indemnifying Party") under Section 4.1, 4.2 or 4.3 hereof:
(i Promptly after the Indemnified Party first receives
written documents pertaining to the Claim, or if such
Claim does not involve a third party Claim (a 'Third
Party Claim') promptly after the Indemnified Party first
has actual knowledge of such Claim, the Indemnified Party
shall give notice to the Indemnifying Party of such Claim
in reasonable detail and stating the amount involved, if
known, together with copies of any such written
documents.
(ii) The Indemnifying Party shall have no obligation to
indemnify the Indemnified Party with respect to any Claim
if (i) the Indemnified Party fails to give the notice
with respect thereto in accordance with Section 4.4(i)
hereof, or (ii) the notice with respect thereto is not
given on or before the fifth (5th) anniversary of the
Closing Date except as otherwise specifically provided
in this Agreement).
(iii) If the Claim involves a Third Party Claim, then the
Indemnifying Party shall have the right, at its sole
cost, expense and ultimate liability regardless of the
outcome, and through counsel of its choice (which counsel
shall be reasonably satisfactory to the Indemnified
Party), to litigate, defend, settle or otherwise attempt
to resolve such Third Party Claim; provided, however,
that if in the Indemnified Party's reasonable judgment a
conflict of interest may exist between the Indmnified
Party and the Indemnifying Party with respect to such
Third Party Claim, then the Indemnified Party shall be
entitled to select counsel of its own choosing,
reasonably satisfactory to the Indemnifying Party,
<PAGE> 8
in which event the Indemnifying Party shall be obligated
to pay the fees and expenses of such counsel.
Notwithstanding the preceding sentence, the Indemnified
Party may elect, at any time and at the Indemnified
Party's sole cost, expense and ultimate liability,
regardless of the outcome, and through counsel of its
choice, to litigate, defend, settle or otherwise attempt
to resolve such Third Party Claim. If the Indemnified
Party so elects (for reasons other than the Indemnifying
Party's failure or refusal to provide a defense to such
Third Party Claim), then the Indemnifying Party shall
have no obligation to indemnify the Indemnified Party
with respect to such Third Party Claim, but such
disposition will be without prejudice to any other right
the Indemnified Party may have to indemnification under
Section 4.1, 4.2 or 4.3 hereof, regardless of the
outcome of such Third Party Claim. If the Indemnifying
Party fails or refuses to provide a defense to any Third
Party Claim, then the Indemnified Party shall have the
right to undertake the defense, compromise or settlement
of such Third Party Claim, through counsel of its
choice, on behalf of and for the account and at the risk
of the Indemnifying Party, and the Indemnifying Party
shall be obligated to pay the costs, expenses and
attorney's fees incurred by the Indemnified Party in
connection with such Third Party Claim. In any event,
BUYER and SELLER shall fully cooperate with each other
and their respective counsel in connection with any such
litigation, defense, settlement or other attempted
resolution.
4.5. SELLER shall be responsible for and shall pay all costs,
liabilities and other obligations incurred by SELLER in
connection with the performance of and compliance with all
transactions, agreements and conditions contained in this
Agreement to be performed or complied with by SELLER,
including legal and accounting fees. BUYER shall be
responsible for and shall pay all costs, liabilities and other
obligations incurred by BUYER in connection with the
performance and compliance with all transactions, agreements
and conditions contained in this Agreement to be performed or
complied with by BUYER, including legal and accounting fees.
5. Restrictive Covenants.
5.1. Upon the terms and subject to the conditions set forth in this
Section 5.1, SELLER covenants and agrees, as a material
consideration running to BUYER for BUYER's payments hereunder,
that for a period of three (3) years following the Closing
Date, SELLER will neither permit its name to be used by nor
engage in or carry on, directly or indirectly, either for
itself or as a member of a partnership or as a stockholder,
corporation (other than BUYER or a subsidiary or affiliate of
BUYER) or as an employee, agent, associate or consultant of
(other than BUYER or a subsidiary or affiliate of BUYER), any
business of any kind or nature whatsoever which operates
public or private payphones within the State of Arizona. In
addition, SELLER shall not install or maintain any pay phone
equipment, or provide any polling, rating, billing,
collection, validation or other services to any of the parties
to the Contracts or to any entity, other than BUYER.
5.2. The term of the covenants contained in Section 5.1 hereof
shall be tolled for the period commencing on the date any
successful action is filed for injunctive relief or damages
arising out of a breach by SELLER of Section 5.1 hereof and
end upon final adjudication (including appeals) of such
action.
<PAGE> 9
5.3. If, in any judicial proceeding, the court shall refuse to
enforce all of the separate covenants contained in Section 5.1
hereof because the time limit is too long, it is expressly
understood and agreed between the parties hereto that for
purposes of such proceeding such time limitation shall be
deemed reduced to the extent necessary to permit enforcement
of such covenants. If, in any judicial proceeding, the court
shall refuse to enforce all of the separate covenants
contained in Section 5.1 hereof because it is more extensive
(whether as to geographic area, scope of business or
otherwise) than necessary to protect the business and goodwill
of BUYER, it is expressly understood and agreed between the
parties hereto that for purposes of such proceeding the
geographic area, scope of business or. other aspect shall be
deemed reduced to the extent necessary to permit enforcement
of such covenants.
5.4. SELLER acknowledges that a breach of Section 5.1 hereof would
cause irreparable damage to BUYER, and in the event of such
SELLER's actual or threatened breach of the provisions of
Section 5.1 hereof, BUYER shall be entitled to a temporary
restraining order and an injunction restraining SELLER from
breaching such covenants without the necessity of posting bond
or proving irreparable harm, such being conclusively admitted
by SELLER. Nothing shall be construed as prohibiting BUYER
from pursuing any other available remedies for such breach or
threatened breach, including the recovery of damages from
SELLER. SELLER acknowledges that the restrictions set forth
in this Agreement are reasonable in scope and duration, given
the nature of the business of BUYER.
5.5. In the event that SELLER has not performed or is not
performing its obligations under this Agreement, or in the
event that the failure of any representation, warranty or
covenant made by SELLER to BUYER in accordance with this
Agreement results in any damage or loss to BUYER for which
BUYER would be entitled to recover under this Agreement,
BUYER, at its sole option, may give written notice of same to
SELLER and (i) exercise all of BUYER's legal rights to recover
such unpaid amount from SELLER, (ii) deduct such amount from
the next maturing monthly payment(s) on the Note.
5.6. The parties hereto shall cooperate or cause the Company to
cooperate with the other parties hereto after closing to
effectuate the purposes hereof.
6. MISCELLANEOUS PROVISIONS.
6.1. Any notice required or permitted hereunder shall be in
writing and shall be sufficiently given if personally
delivered or mailed by certified or registered mail, return
receipt requested, addressed as follows:
<PAGE> 10
If to BUYER: Tru-Tel Communications, LLC
6221 Carl Avenue
Las Vegas, NV 89108
Attn: President
If to SELLER: United Payphone Services, Inc.
c\o Lisowski Law Firm Chtd.
1771 E. Flamingo R. #115-B
Las Vegas, NV 89119
(or to such other address as any party shall specify by written notice
so given), and shall be deemed to have been delivered as of the date so
personally delivered or mailed.
6.2. The parties hereto will at any time, and from time to time after
the Closing Date, upon request of the other party, execute,
acknowledge and deliver all such further acts, deeds,
assignments, transfers, conveyances, powers of attorney and
assurances as may be required to carry out the intent of this
Agreement, and to transfer and vest title to any of the
Purchased Assets being transferred hereunder, and to protect the
right, title and interest in and enjoyment of all of the
Purchased Assets assigned, transferred and conveyed pursuant to
this Agreement; provided, however, this Agreement shall be
effective regardless of whether any such additional documents
are executed.
6.3. This Agreement shall be binding upon and shall inure to the
benefit of the parties hereto and their respective heirs,
successors, executors, administrators and assigns.
Notwithstanding anything contained in this Agreement to the
contrary, nothing in this Agreement, expressed or implied,
is intended to confer on any person other than the parties
hereto or their respective heirs, successors, executors,
administrators and assigns any rights, remedies, obligations or
liabilities under or by reason of this Agreement.
6.4. This Agreement, together with the Exhibits, Schedules and other
documents contemplated hereby, constitute the final written
expression of all of the agreements between the parties, and is
a complete and exclusive statement of those terms. It
supersedes all understandings and negotiations concerning the
matters specified herein. Any representations, promises,
warranties or statements made by either party that differ in any
such way from the terms of this written Agreement and the
Exhibits, Schedudules and other documents contemplated hereby,
shall be given no force or effect. The parties specifically
represent, each to each other, that there are no additional or
supplemental agreements between them related in any way to the
matters herein contained unless specifically included or
referred to herein. No addition to or modification of any
provision of this Agreement shall be binding upon any party
unless made in writing and signed by all parties.
<PAGE> 11
6.5. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEVADA. THE PARTIES
AGREE THAT ANY DISPUTE WITH REGARD TO THIS AGREEMENT SHALL BE
BROUGHT EXCLUSIVELY IN THE STATE COURTS OF CLARK COUNTY,
NEVADA.
6.6. All of the terms, conditions, warranties and representations
contained in this Agreement shall survive, in accordance with
their terms, delivery by BUYER of the consideration to be given
by it hereunder and delivery by SELLER of the consideration to
be given by it hereunder, and shall survive the execution hereof
and the Closing hereunder.
6.7. This Agreement may be executed in any number of counterparts,
each of which shall be deemed an original but all of which shall
constitute one and the same instrument.
6.8. Either BUYER or SELLER may, by written notice to the other, (i)
extend the time for the performance of any of the obligations or
other actions of the other under this Agreement; (ii) waive any
inaccuracies in the representations or warranties of the other
contained in this Agreement or in any document delivered
pursuant to this Agreement; (iii) waive compliance with any of
the conditions or covenants of the other contained in this
Agreement; or (iv) waive performance of any of the obligation
of the other under this Agreement. Except as provided in the
preceding sentence, no action taken pursuant to this Agreement,
including without limitation any investigation by or on behalf
of any party, shall be deemed to constitute a waiver by the
party taking such action of compliance with any representations,
warranties, covenants or agreements contained in this Agreement.
The waiver by any party hereto of a breach of any provision
hereunder shall not operate or be construed as a waiver of any
prior or subsequent breach of the same or any other provision
hereunder.
6.9. All Exhibits and Schedules attached hereto are by this reference
incorporated herein and made a part thereof for all purposes as
if fully set forth herein.
6.10. If for any reason whatsoever, any one or more of the provisions
of this Agreement shall be held or deemed to be inoperative,
unenforceable or invalid as applied to any particular case or
in all cases, such circumstances shall not have the effect of
rendering such provision invalid in any other case or of
rendering any of the other provisions of this Agreement
inoperative, unenforceable or invalid.
6.11. Neither this Agreement nor any of the parties' rights hereunder
shall be assignable by any party hereto without the prior
written consent of the parties hereto.
<PAGE> 12
6.12. The parties each agree that they will not make any disclosures
of the terms of this letter of intent, or of the transactions
contemplated hereby, to any party, other than disclosures
required to obtain any approvals for the transactions
contemplated hereby, to those professional advisors who have a
need to know or any other disclosure that may be required by
applicable law in which case the disclosing party shall provide
the other party a copy of such release or disclosure prior to
its public dissemination.
<PAGE> 13
SIGNATURE PAGE TO ASSET PURCHASE AGREEMENT
BUYER: SELLER:
TRU-TEL COMMUNICATIONS, LLC UNITED PAYPHONE SERVICES,
INC.
BY: BY:
Quaid Quadri, President David Westfere, President
GUARANTORS:
Robert L. Hahn Jan Hahn
Quaid Quadri Marcella Quadri
<PAGE> 14
EXHIBIT "A"
DESCRIPTION OF PURCHASED ASSETS
1. All pay telephones, booths, enclosures, pedestals, signage,
wiring and other personal property on location throughout
Arizona, including, without limitation, all such personal
property located at the locations listed on Exhibit 'F" attached
hereto and made a part hereof.
2. All inventory of SELLER, including, without limitation, all pay
telephones, enclosures, booths, pedestals, handsets, coin
mechanisms, signage and all other spare parts utilized in
SELLER's pay telephone business. A list of the inventory is
attached hereto as Exhibit A-2 and made a part hereof.
3. All of SELLER's service and other motor vehicles, as more
specifically described on Exhibit A-3 attached hereto and made
a part hereof.
4. All of SELLER's rights in and to the written and oral contracts,
arrangements, understandings, licenses and privileges with
locations relating to the past, present or future installation,
servicing and/or operation of pay telephones by SELLER, which
location agreements are more particularly described on Exhibit
"F" attached hereto and made a part hereof.
5. All customer lists related to SELLER's business, including,
without limitation, the customer lists attached hereto as
Exhibit A-4 and/or Exhibit "F".
6. All of SELLER's rights as Tenant under the real property leases
for the office leases in Tucson and Phoenix, Arizona, subject to
the Landlord's written consent (which consent is a condition
precedent to the effectiveness of this Agreement as provided for
in Section 1.8).
7. A list of such personal property is attached hereto as Exhibit
A-5. All software, firmware, hardware or other intellectual
property rights, unless expressly excluded on Exhibit "A-1".
8. All licenses, permits, consents and certificates of any
regulatory, administrative or other governmental agency or body
issued to or held by SELLER necessary or incidental to the
conduct of SELLER's pay telephone business (to the extent that
any of the same are transferrable).
<PAGE> 15
EXHIBIT "A-1"
EXCLUDED ASSETS
1. All bank accounts of SELLER and all cash is such bank accounts
as of the Closing Date.
2. All accounts receivable of the SELLER, if any, as of the Closing
Date.
3. All of SELLER's pre-paid items and deposits listed on Exhibit
A-6.
4. All federal and state income, sales or other tax refunds
relating to the period on or prior to the Closing Date.
5. The personal property listed on Exhibit A-7.
6. All books, records and files related to SELLER prior to the
Closing Date; provided, however, that for a period of eighteen
(18) months following the Closing Date that all commission
reports, telephone bills, long distance bills, coin collection
reports, operator services reports and other financial records
related to the locations shall be maintained in Maricopa County,
Arizona, and SELLER and BUYER shall each be given access to such
records during normal business hours.
7. The corporate name "United Payphones Services, Inc."
<PAGE> 16
EXHIBIT "A-2"
INVENTORY LIST
<PAGE> 17
EXHIBIT A2
WAREHOUSE INVENTORY
PHOENIX:
400 SPARE COIN BOXES
28 GTE BOARDS (GOOD)
375 GTE BOARDS (TO BE TESTED)
130 TRIGGER SWITCHES
110 GOOD COIN MECHS
45 BAD COIN MECHS
36 HOPPERS
60 12 VOLT RELAYS
25 BAD 12 VOLT RELAYS
46 GOOD TRANSFORMERS
140 DIAL PADS
45 HOOKSWITCH ASSEMBLIES
100 HANDSETS
28 VOLUME CONTROL BUTTONS
25 WINKS
44 POWER CONTROLLERS
36 MODEMS
60 NEW COIN BOX LIDS
8 PROGRAMMING PADS
30 COIN BOX SPRINGS
20 CRADLES
81 GTE PAYPHONES
2 GOLD GTE PAYPHONES
1 WHITE GTE PAYPHONE
5 INTELLICALL PHONES
52 UPPERHOUSINGS
3 CHARGE-A-CALL PHONES
7 TMR WALL MOUNTS (BRONZE)
5 BACKBOARDS
2 BLUE 115 SHORT BOOTHS
48 BLUE TMR BOOTHS
23 BENNER NAWMAN 7500 BOOTHS
1 SUPERMAN BOOTHS
7 TMR WALL MOUNTS (BLUE)
15 OAK INDOOR BOOTHS
2 90 L SS 48 BOOTHS
12 ADCO 90S BOOTHS
2 120 BOOTHS (ADCO)
32 858 BOOTHS
- --------------------------------------------------------------
TUCSON:
2 BENNER NAWKAN
8 20/20 BOOTHS
11 TMR BOOTHS (BRONZE)
<PAGE> 18
9 ADCO 107 BOOTHS
4 858 BOOTHS
4 ADCO 120 BOOTHS
3 INTELLICAL PHONES
7 OAK INDOOR BOOTHS
11 GTE PAYPHONES
30 COIN MECHS
9 12 VOLT RELAYS
5 TRANSFORMERS
15 TRIGGER SWITCHES
8 VOLUME CONTROL BUTTONS
<PAGE> 19
EXHIBIT "A-3"
MOTOR VEHICLES
<PAGE> 20
EXHIBIT "A-3"
MOTOR VEHICLES
YEAR MAKE MODEL VIN C1TY ID
HOUSED #
1988 CHEVROLET UTILM TRUCK 1GEHR34KGJJI34016 TEMPE 02
1988 CHEVROLET ASTRO VAN 1GCDM15Z9JB232945 TEMPE 03
1987 CHEVROLET ASTRO VAN 1GCDMISZ6HBIG2900 TEMPE 04
1989 GMC SAFARI VAN 1GTCM15Z5KB515856 TEMPE 05
1985 CHEVROLET S-10 PICKUP 1GCCSl4B6F2271389 TUCSON 06
1985 CHEVROLET S-10 PICKUP 1GCCS14B3F8198477 TUCSON 08
1984 CHEVROLET S-10 PICKUP 1GCCS14B2E8lO5O26 TUCSON 09
1982 CHEVROLET S-10 PICKUP 1GCCS14BIC2118740 TUCSON 10
1982 CHEVROLET S-10 PICKUP 1GCCS14BOC2110208 TUCSON 11
1989 CHEVROLET ASTRO VAN 1GCCMISZ5KB208039 TEMPE 12
1984 CHEVROLET S-10 PICKUP 1GCCS14ESE8249914 TEMPE 13
1986 CHEVROLET ASTRO VAN 1GCCM15Z4GE116475 TEMPE 14
1985 CHEVROLET ASTRO VAN 1GCCM15NOFB104819 TEMPE 15
<PAGE> 21
EXHIBIT "A-4"
CUSTOMER LISTS
Page No.1
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
235-9895 15TH AVENUE 1420 W INDIAN SCHOOL RD PHOENIX 02/03/95
LAUNDROMAT
912-9974 32ND STREET 2301 N 32ND ST PHOENIX 01/22/94
LAUNDROMAT
553-9939 32ND STREET 2301 N 32ND ST PHOENIX 08/05/94
LAUNDROMAT
304-9843 7TH STREET 698 E SOUTHERN AVE PHOENIX 07/06/95
BEAUTY SUPPLY
944-6040 7TH STREET EXXON 8722 N 7TH ST PHOENIX 12/29/93
263-9940 A-1 LIQUORS 901 E INDIAN SCHOOL RD PHOENIX 08/03/93
263-9862 AHO ALS #3 5101 N 16TH ST PHOENIX 04/19/95
392-0087 AIRPORT
BUSINESS PARK 2328 E VAN BUREN PHOENIX 09/08/92
396-3566 APACHE SQUARE 6750 E MAIN ST MESA 02/27/90
(DONUT)
780-9907 APSM/JIT 2140 W PINNACLE PEAK RD PHOENIX 02/14/95
780-9910 APSM/JIT 2140 W PINNACLE PEAK RD PHOENIX 02/14/95
412-3488 ARBY'S 5760 W PEORIA AVE GLENDALE 05/07/93
438-1501 ARBY'S 2755 W SOUTHERN AVE TEMPE 06/21/93
249-9360 ARBY'S 1739 W GLENDALE PHOENIX 06/25/93
873-4233 ARBY'S 7616 W INDIAN SCHOOL RD PHOENIX 06/25/93
494-3925 ARBY'S 12440 N TATUM BLVD PHOENIX 10/11/93
268-9878 ARBY'S 119 E BASELINE RD PHOENIX 11/22/93
779-9809 ARBY'S 1800 S MILTON, STE P FLAGSTAFF 09/14/94
526-9767 ARBY'S 3666 E RT 66 FLAGSTAFF 09/15/94
837-9970 ARBY'S 17224 E SHEA BLVD FOUNTAIN 09/17/94
HILLS
837-9971 ARBY'S 17224 E SHEA BLVD FOUNTAIN 09/17/94
HILLS
439-9333 ARBY'S 5920 W BELL RD GLENDALE 12/22/94
759-8882 ARBY'S 4111 E CHANDLER BLVD PHOENIX 04/06/95
684-9854 ARBY'S 515 E WICKENBURG WAY WICKENBURG 05/16/95
982-9717 ARBY'S 2323 APACHE TRAIL APACHE 05/17/95
JUNCTION
971-9956 ARBY'S 17031 N TATUM PHOENIX 09/01/95
835-8024 ARBY'S 603 E MAIN ST MESA 03/15/96
893-9811 ARBY'S 9954 S RURAL RD PHOENIX 05/28/96
807-9219 ARBY'S #1261 6740 E MAIN ST MESA 03/30/95
262-5436 ARBYS 2402 W THOMAS PHOENIX
243-5501 ARC THRIFT TOWN 5610 S CENTRAL PHOENIX 09/24/90
282-8111 ARTISAN'S GUILD 1420 W HWY 89A SEDONA 03/07/95
282-8112 ARTISAN'S GUILD 1420 W HWY 89A SEDONA 03/07/95
249-9467 ASTRO AUTOMOTIVE 6814 N 19TH AVE PHOENIX 11/01/94
262-9856 B & R LIQUORS 1020 S 19TH AVE PHOENIX 02/28/95
504-9935 BELL RD & 1-17 2446 W BELL RD PHOENIX 09/29/94
EXXON
504-9936 BELL RD & I-17 2446 W BELL RD PHOENIX 09/29/94
EXXON
<PAGE> 22
Page No. 2
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
439-9680 BELLAIR GOLF 17233 N 45TH AVE GLENDALE 01/26/95
COURSE, INC.
835-8079 BELLVIEW PALMS 547 S BELLVIEW MESA 11/09/94
771-2588 BENNETT EXXON 810 E SHELDON PRESCOTT 11/05/93
772-9597 BENNETT OIL 7055 E 2ND ST PRESCOTT 09/15/95
VALLEY
269-9906 BEST TIRE CO. 2300 N 35TH AVE PHOENIX 05/22/93
807-8840 BEST WESTERN 1342 S POWER RD MESA 06/28/94
278-9848 BLUE PALM 2801 W VAN BUREN PHOENIX 09/27/94
TRAILER COURT
834-8887 BROADWAY & 1959 E BROADWAY MESA 03/08/95
GILBERT EXXON
834-8889 BROADWAY & 1959 E BROADWAY MESA 03/08/95
GILBERT EXXON
262-5425 BUFFALO BROWNS 701 W MCI)OWELL PHOENIX 11/17/94
962-7133 BURGER KING 1242 W UNIVERSITY MESA 07/20/92
967-5307 BURGER KING 2019 S McCLINTOCK TEMPE 07/20/92
772-9980 BURGER KING 7760 E HWY 69 PRESCOTT 08/09/93
VALLEY
776-1391 BURGER KING 1122 IRON SPRINGS RD PRESCOTT 08/10/93
639-1205 BURGER KING 1952 E MAIN ST COTTONWOOD 08/14/93
895-8369 BURGER KING 9668 E RIGGS RD SUN LAKES 07/19/96
736-9965 BURGER KING 5 E SOUTHERN AVE TEMPE
978-4562 BURGER KING 3549 W BELL RD PHOENIX 11/09/95
#3078
968-0243 BURGER KING 25 W UNIVERSITY TEMPE 03/11/93
#7769
759-8855 BURGER KING 3945 E CHANDLER BLVD PHOENIX 03/02/95
#8787
837-9976 BURGER KING 13725 N FTN HILLS BLVD FOUNTAIN 03/16/95
#8850 HILLS
807-9229 BURGER KING 6820 E SUPERSTITION SPR MESA
#8914
561-9936 BURGER KING 20197 N 67TH AVE GLENDALE 10/05/95
#9242
681-9952 BURGER KING 3164 E MCDOWELL RD PHOENIX 09/22/95
#9258
460-9882 BURGER KING 1402 E CHANDLER BLVD PHOENIX 09/28/95
#9316
961-9812 BURGER KING 4969 W RAY RD CHANDLER 01/27/96
#9638
276-9920 BURGER KING 665 E BASELINE PHOENIX 09/25/96
#9867
484-9850 BURGER SHOPPE#2 151 N 27TH AVE PHOENIX 09/09/94
932-9747 BYRDS MOBIL HOME 249 W MAIN AVONDALE 01/20/95
PARK
978-9003 CACTUS EXXON 3502 W CACTUS PHOENIX 12/27/95
<PAGE> 23
Page No. 3
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
978-9919 CACTUS EXXON 3502 W CACTUS PHOENIX 12/27/95
567-3415 CAMP VERDE EXXON494 MAIN ST CAMP VERDE 11/04/93
566-9710 CAMPBELL 9098 W PINNACLE PEAK RD PEORIA 11/02/96
MERCANTILE
566-9711 CAMPBELL 9098 W PINNACLE PEAK RD PEORIA 11/02/96
MERCANTILE
846-1717 CANTON DRAGON 7307 W INDIAN SCHOOL PHOENIX 12/13/90
864-9955 CARL'S JR. 2444 W NORTHERN PHOENIX 03/08/94
912-9982 CARL'S JR. 2342 E THOMAS RD PHOENIX 03/15/94
352-8953 CARL'S JR. 1202 N 51ST AVE PHOENIX 03/16/94
352-8952 CARL'S JR. 1202 N 5IST AVE PHOENIX 03/16/94
352-8951 CARL'S JR. 2750 W THOMAS RD PHOENIX 03/17/94
779-9806 CARL'S JR. 1400 S MILTON RD FLAGSTAFF 09/14/94
778-7833 CARL'S JR. 555 MILLER VALLEY RD PRESCOTT 09/07/94
878-8715 CARL'S JR.#7067 8701 GRAND AVE PEORIA 01/03/94
942-9479 CARL'S JR.#7081 3470 W BELL RD PHOENIX 01/04/90
482-2014 CARL'S JR.#7091 2343 E BELL RD PHOENIX 12/31/93
681-9914 CARL'S JR.#7092 10 N 24TH ST PHOENIX 12/20/93
494-7576 CARL'S JR.#7093 4506 E CACTUS RD PHOENIX 01/14/94
978-9781 CARL'S JR.#7094 5105 W THUNDERBIRD GLENDALE 01/05/94
944-6126 CARL'S JR.#7095 9802 N 7TH ST PHOENIX 01/13/93
990-9983 CARL'S JR.#7096 3380 N HAYDEN RD SCOTTSDALE 12/31/93
978-9779 CARL'S JR.#7098 3550 W PEORIA PHOENIX 01/06/94
963-9374 CARL'S JR.#825 1972 N ALMA SCHOOL RD CHANDLER 04/08/94
835-8113 CARL'S JR.#828 1440 W SOUTHERN AVE MESA 04/04/94
833-8653 CARL'S JR.#828 1440 W SOUTHERN AVE MESA 07/31/94
838-8091 CARL'S JR.#829 1519 W BASELINE RD GUADALUPE 04/06/94
832-9869 CARL'S JR.#830 1129 N HIGLEY RD MESA 04/05/94
269-8221 CARNICERIA EL 3205 W MCDOWELL RD PHOENIX 08/14/90
CAMINO
284-9980 CASTLE ROCK 6486 HWY 179 SEDONA 02/27/95
PLAZA
284-9986 CASTLE ROCK 6446 HWY 179 SEDONA 05/30/95
PLAZA
263-9941 CELEBRITY DRY 3453 N 16TH STREET PHOENIX 08/06/93
CLEANERS
474-9877 CHARLESTON MOTOR 302 S BEELINE HWY PAYSON 02/06/95
INN
484-7044 CHARLIE'S PLACE 5105 W THOMAS RD PHOENIX 10/29/90
804-9838 CHICAGIES 825 W UNIVERSITY TEMPE 03/02/95
970-9699 CHICAGO SPORTS 2730 N SCOTTSDALE RD SCOTTSDALE 10/25/96
BAR
254-2359 CHICO'S PLACE 1608 S 7TH AVE PHOENIX 09/08/92
970-9680 CHINA GATE 7820 E MCDOWELL SCOTTSDALE 09/11/96
435-8024 CHURCH'S CHICKEN 5505 W GLENDALE GLENDALE 08/03/94
846-8877 CHURCH'S CHICKEN 5901 W CAMELBACK PHOENIX 10/16/96
253-9894 CHURCH'S CHICKEN 720 NW GRAND PHOENIX 10/29/93
#1047
<PAGE> 24
Page No. 4
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
835-8036 CHURCH'S CHICKEN 1151 S COUNTRY CLUB DR MESA 12/03/93
#373
278-9053 CHURCH'S CHICKEN 4296 W THOMAS RD PHOENIX 10/13/93
#670
268-9859 CHURCH'S CHICKEN 4245 S CENTRAL PHOENIX 10/01/93
#675
439-9743 CHURCH'S CHICKEN 12040 N 35TH AVE PHOENIX 12/23/93
#679
253-9893 CHURCH'S CHICKEN 1546 E ROOSEVELT PHOENIX 10/07/93
#681
941-9686 CHURCH'S CHICKEN 7538 E MCDOWELL RD SCOTTSDALE 10/01/93
#685
912-9906 CHURCH'S CHICKEN 3150 E THOMAS RD PHOENIX 09/29/93
#686
848-9328 CHURCH'S CHICKEN 7451 W INDIAN SCHOOL PHOENIX 12/27/93
#690
249-9389 CHURCH'S CHICKEN 1906 W CAMELBACK PHOENIX 10/12/93
#840
268-9855 CHURCH'S CHICKEN 7444 S CENTRAL PHOENIX 10/10/93
#841
831-9954 CHURCH'S CHICKEN 1102 E BASELINE RD TEMPE 09/22/93
#846
494-5678 CHURCH'S CHICKEN 12045 N 32ND ST PHOENIX 12/31/93
#862
268-6735 CHUY'S JEWELRY 4424 S CENTRAL AVE PHOENIX 11/30/90
921-7156 COFFEE 680 S MILL #101 TEMPE 03/08/90
PLANTATION
443-9830 COFFEE 8658 E SHEA BLVD STE 1 SCOTTSDALE 04/20/95
PLANTATION
483-9862 COFFEE 7366 E SHEA BLVD #101 SCOTTSDALE 12/04/95
PLANTATION #125
893-8383 COFFEE 4740 E WARNER RD #6 PHOENIX 12/01/95
PLANTATION #133
813-9842 COFFEE 1555 N GILBERT RD GILBERT 02/02/96
PLANTATION #135 #B-107
841-9860 COLLEGE PARK 3501 W CAMELBACK PHOENIX 11/02/94
EXXON
841-9861 COLLEGE PARK 3501 W CAMELBACK PHOENIX 11/02/94
EXXON
248-9509 CONVENIENCE 6025 N 16TH ST PHOENIX 03/14/95
STATION ONE
248-9511 CONVENIENCE 6025 N 16TH ST PHOENIX 03/14/95
STATION ONE
248-9662 CONVENIENCE 6025 N 16TH ST PHOENIX 03/14/95
STATION ONE
276-0842 COTTAGE LIQUOR 5609 S CENTRAL AVE PHOENIX 06/17/93
439-9764 COUNTRY CLEAN 3820 N 35TH AVE PHOENIX 06/08/95
<PAGE> 25
Page No. 5
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
776-8673 COUNTRY KITCHEN 1355 IRON SPRINGS RD PRESCOTT 08/11/93
282-9872 COWBOY CLUB 241 N HWY 89A SEDONA 03/07/95
890-2817 DAIRY QUEEN 33 SOUTH COUNTRY CLUB MESA 09/09/92
941-9573 DAIRY QUEEN 2230 N SCOTTSDALE RD SCOTTSDALE 06/10/93
842-9932 DAIRY QUEEN 4302 W BETHANY HOME RD GLENDALE 07/16/93
772-9984 DAIRY QUEEN 8228 B HWY 69 PRESCOTT 10/02/93
VALLEY
942-9391 DAIRY QUEEN 13803 N 19TH AVE PHOENIX 12/08/93
846-8800 DAIRY QUEEN 4809 N 75TH AVE PHOENIX 10/04/94
831-9736 DAIRY QUEEN 2754 S ALMA SCHOOL RD MESA 02/08/95
804-9839 DAIRY QUEEN 950 S MILL AVE TEMPE 03/06/95
932-9573 DANNY'S FISH & 60 E WESTERN AVE AVONDALE 01/06/95
CHIPS
833-8257 DARBY'S 1 E MAIN ST MESA 05/04/95
RESTAURANT
833-8242 DARBY'S 1 E MAIN ST MESA 05/04/95
RESTAURANT
771-2553 DELUXE LIQUORS 148 N MONTEZUMA PRESCOTT 10/26/93
771-2653 DEMING CHEVRON 1004 E GURLEY ST PRESCOTT 11/10/93
249-9301 DENNIS PRO TECH 701 W BETHANY HOME RD PHOENIX 01/17/95
UNOCAL 76
345-6704 DESERT DONUTS 2729 S ALMA SCHOOL MESA 10/26/90
804-9815 DEVIL WASH 1028 E LEMON ST TEMPE 09/22/94
939-2500 DICKIS UNOCAL 4250 W DUNLAP AVE PHOENIX 09/30/94
SERVICE
245-8909 DIRECT MARKETING 5026 W INDIAN SCHOOL PHOENIX 10/30/96
#14
245-8910 DIRECT MARKETING 5026 W INDIAN SCHOOL PHOENIX 10/30/96
#14
245-8911 DIRECT MARKETING 5026 W INDIAN SCHOOL PHOENIX 10/3096
#14
890-9901 DIRECT MARKETING 1220 W UNIVERSITY MESA 10/20/96
890-9902 DIRECT MARKETING 1220 W UNIVERSITY MESA 10/20/96
890-9903 DIRECT MARKETING 1220 W UNIVERSITY MESA 10/20/96
304-9854 DOLLAR STORE 4336 S CENTRAL AVE PHOENIX 09/23/95
461-3272 DUNKIN DONUTS 1146 E MAIN ST MESA 06/30/92
268-9791 DUNKIN DONUTS 5835 S CENTRAL PHOENIX 08/14/92
816-9850 EAGLE MOUNTAIN 14800 E SHEA BLVD FOUNTAIN 01/18/96
GOLF CLUB HILLS
816-9851 EAGLE MOUNTAIN 14800 E SHEA BLVD FOUNTAIN 01/18/96
GOLF CLUB HILLS
404-9818 ECONO LUBE 'N' 17217 N TATUM BLVD PHOENIX 02/12/96
TUNE
249-9986 ECONO LUBE 'N' 3514 W BETHANY HOME RD PHOENIX 07/08/93
TUNE #126
912-9926 ECONO LUBE 'N' 2402 E OSBORN RD PHOENIX 07/09/93
TUNE #128
<PAGE> 26
Page No. 6
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
254-2257 ECONOMY INN 804 E VAN BUREN PHOENIX 09/08/92
269-9971 EL COMAL 4216 W INDIAN SCHOOL PHOENIX 01/18/95
268-3036 EL TACAZO 5239 S CENTRAL PHOENIX 08/06/90
831-1742 EL TAQUITO 9201 S AVENIDA DEL GUADALUPE 09/13/90
YAQUI
232-9902 ELENA'S CAFE 711 E BROADWAY PHOENIX 05/01/95
243-7059 FEDERICO'S 821 E BROADWAY PHOENIX 04/17/91
BILLIARDS
961-9916 FIDDLESTICKS 1155 W ELLIOT RD TEMPE 09/23/94
961-9917 FIDDLESTICKS 1155 W ELLIOT RD TEMPE 09/23/94
756-0257 FIESTA CHEVRON 1205 W BASELINE MESA 11/09/90
756-0259 FIESTA CHEVRON 1205 W BASELINE MESA 11/09/90
844-0443 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-0582 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-0711 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-0871 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-0956 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-1027 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-1252 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-1320 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-1467 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-1660 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-1867 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-1985 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-2178 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-2201 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-2479 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
844-2530 FIESTA MALL 1445 W SOUTHERN AVE MESA 05/18/94
829-9988 FILIBERTO'S 1250 W BROADWAY RD TEMPE 04/07/94
589-9836 FILIBERTO'S 3433 W CAMBLEACK RD PHOENIX 05/24/94
997-7907 FILIBERTO'S 1919 W DUNLAP AVE PHOENIX 05/24/94
235-9530 FILIBERTO'S 2240 W INDIAN SCHOOL PHOENIX 08/24/94
235-9888 FILIBERTO'S 2240 W INDIAN SCHOOL PHOENIX 08/24/94
835-8015 FILIBERTO'S 1755 W MAIN ST MESA 08/20/94
815-1095 FILIBERTO'S 9510 W BELL RD SUN CITY 09/23/94
404-9908 FILIBERTO'S #11 10802 N 32ND ST PHOENIX 01/24/95
807-9227 FILIBERTO'S #12 6339 E MAIN ST MESA 05/03/95
941-9489 FLAMINGO DETAIL 301 N SCOTTSDALE RD SCOTTSDALE06/05/93
CENTER
632-9002 FLICKS & SUBS 834 HWY 69 DEWEY 02/15/95
484-9877 FRED'S GROCERY 2800 W VAN BUREN PHOENIX 06/06/95
484-9882 FRED'S GROCERY 2800 W VAN BUREN PHOENIX 06/06/95
282-8114 FRIENDLY BOB'S 2920 W HWY 89A SEDONA 03/07/95
807-9249 FUDDRUCKER'S 6455 E SOUTHERN AVE MESA 02/21/96
985-9908 FUDDRUCKER'S 6455 E SOUTHERN AVE MESA 02/21/96
771-2458 GAS PLUS 421 E SHELDON ST PRESCOTT 10/05/94
771-1704 GAS PLUS 421 E SHELDON ST PRESCOTT 10/05/94
<PAGE> 27
Page No. 7
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
526-9769 GLENNS UNOCAL 76 3686 E ROUTE 66 FLAGSTAFF 09/15/94
435-8025 GOLDEN DRAGON 6002 N 67TH AVE GLENDALE 02/16/96
262-0537 GOLDEN MOON 1408 W VAN BUREN PHOENIX 11/10/94
435-8046 GREEN BRIAR 6718 W PALMAIRE GLENDALE
APARTMENTS
839-3823 GUADALUPE MARKET 8207 S AVENIDA DEL GUADALUPE 09/20/90
YAQUI
966-7278 GUERRERO'S 2148 E APACHE BLVD TEMPE 03/15/91
RESTAURANT
262-5429 HALLS MOTEL 1925 E VAN BUREN PHOENIX 11/17/94
256-9792 HERNANDEZ TIRE 1601 E WASHINGTON PHOENIX 07/06/93
CO.
243-7549 HI DREAM'S 3713 S CENTRAL AVE PHOENIX 05/19/92
681-9938 HIGHLANDER 1621 N 44TH ST PHOENIX 09/22/94
CENTER LAUNDRY
268-9978 HODGE'S CARWASH 4108 S CENTRAL AVE PHOENIX 07/06/93
873-4554 HOME DEPOT 7333 W McDOWELL RD PHOENIX 10/23/91
873-4553 HOME DEPOT 7333 W McDOWELL RD PHOENIX 10/23/91
832-0365 HOME DEPOT #0456 6838 E SUPERSTITION MESA 06/15/90
SPRGS
832-0687 HOME DEPOT #0456 6838 E SUPERSTITION MESA 06/15/90
SPRGS
483-7348 HOME DEPOT #0457 9170 E INDIAN BEND RD SCOTTSDALE 10/26/90
483-1663 HOME DEPOT #0457 9170 E INDIAN BEND RD SCOTTSDALE 10/26/90
443-9815 HOME DEPOT #0457 9170 E INDIAN BEND RD SCOTTSDALE 01/11/94
893-8734 HOME DEPOT #0458 725 W WARNER RD TEMPE 11/15/90
893-8748 HOME DEPOT #0458 725 W WARNER RD TEMPE 11/15/90
486-1694 HOME DEPOT #0459 6880 W BELL RD GLENDALE 11/08/90
486-1733 HOME DEPOT #0459 6880 W BELL RD GLENDALE 11/08/90
493-7521 HOME DEPOT #0460 12434 N CAVECREEK RD PHOENIX 10/26/90
493-5913 HOME DEPOT #0460 12434 N CAVECREEK RD PHOENIX 10/26/90
833-9973 HOME DEPOT #6461 1740 S COUNTRY CLUB DR MESA 04/01/96
835-8020 HOME DEPOT #0461 1740 S COUNTRY CLUB DR MESA 04/01/96
833-9859 HOME DEPOT #0461 1740 S COUNTRY CLUB DR MESA 04/01/96
841-5382 HOME DEPOT #0462 4240 W CAMELBACK RD PHOENIX 11/07/90
841-7804 HOME DEPOT #0462 4240 W CAMELBACK RD PHOENIX 11/07/90
468-9824 HOME DEPOT #0463 3130 E THOMAS RD PHOENIX 10/29/90
468-9819 HOME DEPOT #0463 3130 E THOMAS RD PHOENIX 10/29/90
468-9804 HOME DEPOT #0463 3130 E THOMAS RD PHOENIX 10/29/90
504-9957 HOME DEPOT #0468 2650 W THUNDERBIRD RD PHOENIX 03/15/95
504-9958 HOME DEPOT #0468 2650 W THUNDERBIRD RD PHOENIX 03/15/95
504-9959 HOME DEPOT #0468 2650 W THUNDERBIRD RD PHOENIX 03/15/95
812-9973 HOME DEPOT #0470 1155 W CHANDLER BLVD CHANDLER
812-9974 HOME DEPOT #0470 1155 W CHANDLER BLVD CHANDLER
812-9975 HOME DEPOT #0470 1155 W CHANDLER BLVD CHANDLER
(BREAK)
275-1035 HONEY BEARS BAR 5012 E VAN BUREN PHOENIX 11/16/90
BQ
<PAGE> 28
Page No. 8
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
829-9906 ICC CENTER 125 E 6TH ST TEMPE 12/19/95
439-9351 IRONWORKS 17233 N 45TH AVE GLENDALE 01/26/95
RESTAURANT
249-9493 ISBERTO'S 2401 W BETHANY HOME RD PHOENIX 06/21/95
304-9845 ISOM'S PLACE 4207 SOUTH THIRD ST PHOENIX 08/18/95
APARTMENTS
834-8154 JACK IN THE BOX 440 E SOUTHERN MESA 02/21/90
921-9672 JACK IN THE BOX 2145 E UNIVERSITY TEMPE 03/08/90
396-6688 JACK IN THE BOX 5961 E MAIN ST MESA 03/08/90
835-8054 JACK IN THE BOX 1145 W UNIVERSITY RD MESA 10/25/93
829-9945 JACK IN THE BOX 3102 S MILL RD TEMPE 10/28/93
978-9760 JACK IN THE BOX 4151 W BELL RD PHOENIX 10/28/93
829-9944 JACK IN THE BOX 942 E BROADWAY RD TEMPE 10/12/93
443-9845 JACK IN THE BOX 13610 N SCOTTSDALE RD SCOTTSDALE 11/16/93
804-9883 JACK IN THE BOX 721 S MILL AVE TEMPE 02/09/96
804-9884 JACK IN THE BOX 721 S MILL AVE TEMPE 02/09/96
240-9948 JACK IN THE BOX 4119 N 7TH ST PHOENIX 09/17/96
240-9982 JACK IN THE BOX 3215 N CENTRAL PHOENIX 09/18/96
941-9467 JACKIE'S PRAYING 7620 E McKELLIPS SCOTTSDALE 08/26/94
MANTUS
216-9942 JAVA CENTRALE 10217 N METRO PKWY W PHOENIX 08/28/96
#104
829-9908 JERRY'S DRIVE IN 1217 S RURAL RD TEMPE 06/16/93
LIQUORS
248-9542 JOE'S LIQUOR 6101 N 7TH ST PHOENIX 06/04/93
553-9975 JUAN VIZEARRA 2946 N 39TH ST PHOENIX 09/14/94
APT.COMPLEX
941-9684 JULIO'S TOO 7305 E CAMELEACK RD SCOTTSDALE 10/15/93
978-9118 KENNY ROGERS 4929 W BELL RD PHOENIX 05/05/94
ROASTERS
634-7203 KENTUCKY FRIED 970 S MAIN ST COTTONWOOD 11/01/93
CHICKEN
282-8139 KENTUCKY FRIED 2015 W HWY 89A SEDONA 01/23/95
CHICKEN
404-9896 KYOTO BOWL 3202 E GREENWAY #1701 PHOENIX 12/07/94
812-9941 KYOTO BOWL #1 2095 N ALMA SCHOOL RD CHANDLER 12/16/95
412-9967 KYOTO BOWL #11 7942 W BELL ROAD #107 GLENDALE 08/11/95
813-9848 KYOTO BOWL #12 1235 N GILBERT RD GILBERT 01/27/96
978-9918 KYOTO BOWL #15 4123 W THUNDER13IRD RD PHOENIX 12/06/95
912-9970 KYOTO BOWL #2 2910 N 32ND ST PHOENIX 12/18/95
235-9802 KYOTO BOWL #3 702 W CAMELBACK PHOENIX 07/12/95
829-9969 KYOTO BOWL #6 3101 S MILL AVE TEMPE 12/16/95
472-6388 LA CASA PEQUENA 911 E BEELINE HIGHWAY PAYSON 12/05/94
897-9125 LAKES MOBILE 6323 S RURAL RD TEMPE 06/21/95
897-9284 LAKES MOBILE 6323 S RURAL RD TEMPE 06/21/95
276-3911 LAS GLORIAS 5220 S CENTRAL PHOENIX 09/18/90
807-8847 LAS PALMAS 6928 E MAIN ST MESA 04/04/96
(INSIDE)
<PAGE> 29
Page No. 9
11108196
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
807-8846 LAS PALMAS 6928 E MAIN ST MESA 04/04/96
(OUTSIDE)
244-0067 LAUNDRY BAG 2610 E MCDOWELL PHOENIX 01/22/91
841-9826 LONG JOHN 3428 W NORTHERN AVE PHOENIX 07/22/94
SILVER'S #50
247-7873 LONG JOHN 5369 W INDIAN SCHOOL RD PHOENIX 07/27/94
SILVER'S #54
789-9185 LONG JOHN 1906 W BELL RD PHOENIX 07/27/94
SILVER'S #55
985-9949 LONG JOHN 313 S POWER RD MESA 10/07/94
SILVER'S #57
253-9890 LOS OLIVOS HAND 232 E MCDOWELL RD PHOENIX 10/11/93
CAR WASH
275-6980 LUBO'S ACE 2242 N 24TH ST PHOENIX 12/04/90
HARDWARE
481-9416 MALEE'S THAI 7131 E MAIN ST SCOTTSDALE 10/25/91
GOURMET
435-8029 MANISTEE MALL 5708 W HAYWARD DR GLENDALE 07/10/96
(EAST)
435-8882 MANISTEE MALL 5708 W HAYWARD DR GLENDALE 07/10/96
(NORTH)
435-8833 MANISTEE MALL 5708 W HAYWARD DR GLENDALE 07/10/96
(WEST)
954-9787 MANUEL'S #1 3162 E INDIAN SCHOOL PHOENIX 06/07/95
867-9969 MANUEL'S #2 12801 N CAVE CREEK PHOENIX 06/22/95
954-9788 MANUEL'S #3 2820 E INDIAN SCHOOL PHOENIX 06/08/95
878-9963 MANUEL'S #5 5670 W PEORIA GLENDALE 06/12/95
504-9972 MANUEL'S #6 1111 W BELL RD PHOENIX 06/13/95
248-9652 MANUEL'S #8 5509 N 7TH ST PHOENIX 12/27/95
939-8992 MARCOS & 6415 N 59TH AVE GLENDALE 08/17/93
ARMANDOS SHOP
345-7922 MARICOPA COUNTY 9209 S CALLE TOMI GUADALUPE 05/28/91
HOUSING
380-9006 MARICOPA COUNTY 8146 E UNIVERSITY MESA 05/28/91
HOUSING
632-9024 MAYER MARKET S HWY 69 MAYER 09/14/96
474-9074 MAZATZAL CASINO HWY 87 MILE POST 251 PAYSON 04/27/95
474-9075 MAZATZAL CASINO HWY 87 MILE POST 251 PAYSON 04/27/95
474-9076 MAZATZAL CASINO HWY 87 MILE POST 251 PAYSON 04/27/95
474-9073 MAZATZAL CASINO HWY 87 MILE POST 251 PAYSON 04/27/95
474-9965 MAZATZAL CASINO HWY 87 MILE POST 251 PAYSON 04/27/95
474-9967 MAZATZAL CASINO HWY 87 MILE POST 251 PAYSON 04/27/95
474-9976 MAZATZAL CASINO HWY 87 MILE POST 251 PAYSON 04/27/95
831-9796 MCDONALD'S 5144 S RURAL RD TEMPE 09/16/93
831-9842 MCDONALD'S 1740 E ELLIOT RD TEMPE 09/25/93
831-9960 MCDONALD'S 3218 S MCCLINTOCK TEMPE 09/02/93
831-9976 MCDONALD'S 2665 S ALMA SCHOOL RD MESA 09/20/93
<PAGE> 30
Page No. 10
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
982-9609 MCDONALD'S 2383 W APACHE TRAIL APACHE 09/21/93
JUNCTION
963-8882 MCDONALD'S 990 N ARIZONA AVE CHANDLER 09/22/93
832-9904 MCDONALD'S 1158 N HIGLEY RD MESA 09/27/93
256-9983 MCDONALD'S 1733 W VAN BUREN PHOENIX 09/09/93
256-9975 MCDONALD'S 1733 W VAN BUREN PHOENIX 09/09/93
256-9098 MCDONALD'S 2427 W THOMAS RD PHOENIX 09/10/93
256-9798 MCDONALD'S 2427 W THOMAS RD PHOENIX 09/10/93
235-9829 MCDONALD'S 3207 W INDIAN SCHOOL RD PHOENIX 09/13/93
235-9830 MCDONALD'S 3207 W INDIAN SCHOOL RD PHOENIX 09/13/93
759-8810 MCDONALD'S 4019 E CHANDLER BLVD PHOENIX 09/14/93
496-9893 MCDONALD'S 5900 W CHANDLER BLVD CHANDLER 12/29/93
829-9961 MCDONALD'S 1205 S RURAL RD TEMPE 12/20/93
829-9962 MCDONALD'S 1205 S RURAL RD TEMPE 12/20/93
873-3410 MCDONALD'S 2611 N 75TH AVE PHOENIX 11/25/94
247-5812 MCDONALD'S 5750 W THOMAS RD PHOENIX 01/24/94
942-9802 MCDONALD'S 1936 W THUNDERBIRD PHOENIX 02/28/94
942-9845 MCDONALD'S 1851 W BELL RD PHOENIX 02/16/94
435-8070 MCDONALD'S 5108 W OLIVE AVE GLENDALE 03/11/94
848-8359 MCDONALD'S 6762 W CAMELBACK RD GLENDALE 03/11/94
832-9859 MCDONALD'S 1350 S POWER RD MESA 04/02/94
837-9972 MCDONALD'S 16936 E SHEA BLVD FOUNTAIN 10/20/94
HILLS
837-9973 MCDONALD'S 16936 E SHEA BLVD FOUNTAIN 10/22/94
HILLS
404-9894 MCDONALD'S 4830 E BELL RD PHOENIX 10/20/94
867-9953 MCDONALD'S 4830 E BELL RD PHOENIX 11/22/94
932-9399 MCDONALD'S 1720 N DYSART RD GOODYEAR 12/19/94
932-9360 MCDONALD'S 1720 N DYSART RD GOODYEAR 12/19/94
935-5739 MCDONALD'S 7011 N LITCHFIELD RD GLENDALE 12/20/94
935-5708 MCDONALD'S 7011 N LITCHFIELD RD GLENDALE 12/20/94
876-9988 MCDONALD'S 10400 W BELL RD SUN CITY 12/21/94
833-9009 MCDONALD'S 1960 E MAIN ST MESA 03/06/95
807-8809 MCDONALD'S 6002 E MAIN ST MESA 03/16/96
990-9938 MCDONALD'S 2882 N SCOTTSDALE RD SCOTTSDALE 03/11/96
256-9884 MCDONALD'S 545 E MCDOWELL PHOENIX 07/06/96
256-9885 MCDONALD'S 545 E MCDOWELL PHOENIX 07/12/96
245-8908 MCDONALD'S 2611 N 75TH AVENUE PHOENIX
245-8907 MCDONALD'S 5750 W THOMAS RD PHOENIX
993-9738 MCDONALD'S 1936 W THUNDERBIRD PHOENIX
993-9744 MCDONALD'S 1851 W BELL RD PHOENIX 08/30/96
892-9957 MCDONALD'S 821 N VAL VISTA DR GILBERT 09/20/96
545-9907 MCDONALD'S 821 N VAL VISTA DR GILBERT 09/20/96
604-9826 MCDONALD'S 1601 E GLENDALE AVE PHOENIX
404-9823 MCDONALD'S 2447 E BELL RD PHOENIX 02/01/94
#06085
404-9863 MCDONALD'S 2447 E BELL RD PHOENIX 06/10/94
#06085
<PAGE> 31
Page No. 11
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
892-9982 MCDONALD'S 1945 E BASELINE RD GILBERT 06/09/95
#10747
278-9825 MCDONALD'S 1532 N 51ST AVE PHOENIX 10/21/94
#10839
278-9826 MCDONALD'S 1532 N 51ST AVE PHOENIX 10/21/94
#10839
661-8609 MCDONALD'S 9251 E SHEA BLVD SCOTTSDALE 01/19/94
#11075
661-8617 MCDONALD'S 9251 E SHEA BLVD SCOTTSDALE 10/22/94
#11075
443-9814 MCDONALD'S 9140 E INDIAN BEND RD SCOTTSDALE 01/21/94
#11120
404-9824 MCDONALD'S 3202 E GREENWAY RD PHOENIX 02/02/94
#11346
404-9864 MCDONALD'S 3202 E GREENWAY RD PHOENIX 06/10/94
#11346
249-9470 MCDONALD'S 2667 W CAMELBACK RD PHOENIX 10/20/94
#12439
249-9471 MCDONALD'S 2667 W CAMELBACK RD PHOENIX 11/25/94
#12439
553-9933 MCDONALD'S#14033323 N 24TH ST PHOENIX 05/06/96
435-8822 MCDONALD'S#14404401 W GLENDALE 05/02/96
604-9821 MCDONALD'S 1601 E GLENDALE AVE PHOENIX
#18959
944-9041 MCDONALD'S#33268849 N 7TH ST PHOENIX 05/03/96
265-0808 MCDONALD'S#35111602 E CAMELEACK PHOENIX 10/20/94
265-0809 MCDONALD'S#35111602 E CAMELBACK PHOENIX 01/09/95
235-9910 MCDONALD'S#3571750 W CAMELBACK PHOENIX 05/02/96
995-9853 MCDONALD'S#39951905 W NORTHERN PHOENIX 07/15/93
443-9813 MCDONALD'S#44427369 VIA PASEO DEL SUR SCOTTSDALE 01/21/94
953-5068 MCDONALD'S#46994505 E CACTUS RD PHOENIX 01/18/94
278-9047 MCDONALD'S#5455220 N 35TH AVE PHOENIX 09/08/93
233-3192 MCDONALD'S#5455220 N 35TH AVE PHOENIX 01/09/95
235-9922 MCDONALD'S#7816926 E INDIAN SCHOOL PHOENIX 05/02/96
248-9694 MCDONALD'S#78353701 N CENTRAL AVE PHOENIX 03/29/94
263-9843 MCDONALD'S#78353701 N CENTRAL AVE PHOENIX 12/02/94
278-9879 MCDOWELL EXXON 4259 W MCDOWELL PHOENIX 11/30/94
278-9874 MCDOWELL EXXON 4259 W MCDOWELL PHOENIX 11/30/94
278-9859 MERCADITO PLAZA1418 N 35TH AVE PHOENIX 11/07/94
985-4837 MEZONA RANCH 5550 E McKELLIPS MESA 03/27/91
MARKET
249-9910 MIDAS MUFFLER 8816 N BLACK CANYON HWY PHOENIX 01/21/93
439-9708 MIDAS MUFFLER 6021 W BELL GLENDALE 01/21/93
930-7867 MIDAS MUFFLER 7020 N 43RD GLENDALE 01/21/93
650-1362 MIKE ARNOLD'S 761702 E CAMELBACK RD PHOENIX 09/04/92
650-1363 MIKE ARNOLD'S 761702 E CAMELBACK RD PHOENIX 09/04/92
487-9919 MIKE'S MARKET 8520 W PEORIA PEORIA 11/05/96
<PAGE> 32
Page No. 12
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
878-9982 MOBIL OIL # 6690 W CACTUS RD GLENDALE 12/16/94
I8AX5
404-9895 MOBIL OIL #18AYM 18441 N 7TH ST PHOENIX 12/16/94
404-9866 MOBIL OIL #18AYM 18441 N 7TH ST PHOENIX 12/16/94
274-7918 MOE'S LIQUOR 914 E CAMELAACK #2 PHOENIX 03/19/90
256-9097 MONTE VISTA 2209 N 16TH ST PHOENIX 06/30/93
LIQUORS
942-9091 MOON VALLEY 1901 W THUNDERBIRD PHOENIX 06/23/93
EXXON
525-8004 MOUNTAINAIRE 106 MOUNTAINAIRE RD FLAGSTAFF 09/14/94
STORE
525-8005 MOUNTAINAIRE 110 MOUNTAINAIRE RD FLAGSTAFF 12/30/94
TAVERN
804-9843 MURPH'S FOOD 851 W UNIVERSITY TEMPE 03/28/95
MART
804-9844 MURPH'S FOOD 851 W UNIVERSITY TEMPE 03/28/95
MART
267-9983 NAVAHO TRAILER 2832 E VAN BUREN PHOENIX 01/27/95
PARK
997-5774 NORTH 7TH STREET8615 N 7TH ST PHOENIX 06/09/93
AUTO
867-7564 NORTH STAR 3329 E BELL RD #101 PHOENIX 05/09/95
LOUNGE
268-9886 OLD REDDY'S 1844 W BASELINE RD PHOENIX 05/01/95
CORNER LIQUOR
435-8037 OLIVE SQUARE 4265 W DUNLAP PHOENIX 09/16/94
EXXON
435-8038 OLIVE SQUARE 4265 W DUNLAP PHOENIX 09/16/94
EXXON
912-9915 ORA LEE 2922 N 39TH ST PHOENIX 11/17/93
APARTMENTS
912-9916 ORA LEE 2922 N 39TH ST PHOENIX 11/17/93
APARTMENTS
257-1838 ORFEON CLUB 121 N 16TH ST PHOENIX 04/17/91
567-3523 OUTPOST MALL 522 G FINNEY FLAT RD CAMP VERDE 11/02/93
567-3517 OUTPOST MALL 522 G FINNEY FLAT RD CAMP VERDE 11/02/93
249-9464 PARKS MOBILE 2702 W CAMELBACK RD PHOENIX 10/27/94
249-9387 PARKS MOBILE 2702 W CAMELBACK RD PHOENIX 03/09/95
443-9841 PAVILLION UNOCAL9030 E INDIAN BEND RD SCOTTSDALE
443-9831 PAVILLION UNOCAL9030 E INDIAN BEND RD SCOTTSDALE
415-9760 PAWN SHOP PLAZA 2803-9 W VAN BUREN PHOENIX 06/09/95
412-9962 PAYLESS CASHWAY 6815 W CACTUS PEORIA 08/08/95
233-0128 PAYLESS CASHWAY 4224 W INDIAN SCHOOL PHOENIX 08/09/95
971-9910 PAYLESS CASHWAY 1510 E BELL PHOENIX 08/10/95
833-9882 PAYLESS CASHWAY 140 N GILBERT MESA 08/15/95
963-8100 PAYLESS CASHWAY 1509 N ARIZONA AVE CHANDLER 08/16/95
474-9897 PAYSON BOWL 1109 N BEELINE HWY PAYSON 02/02/95
<PAGE> 33
Page No. 13
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
634-0859 PETER PIPER 2180 E HWY 89A COTTONWOOD 11/04/93
PIZZA
873-1148 PETER PIPER 7606 W INDIAN SCHOOL RD PHOENIX 02/18/93
PIZZA #100
248-9572 PETER PIPER 6855 N 16TH ST PHOENIX 07/15/93
PIZZA #119
583-9197 PETER PIPER 12851 W BELL RD SURPRISE 07/28/93
PIZZA #139
863-3590 PETER PIPER 13660 N 19TH AVE PHOENIX 03/19/90
PIZZA #21
445-9023 PETER PIPER 1365 IRON SPRINGS RD PRESCOTT 08/10/93
PIZZA #35
942-9094 PETER PIPER 3436 W BELL RD PHOENIX 07/28/93
PIZZA #48
893-8181 PETER PIPER 5023 E ELLIOT RD AWATUKEE 07/28/93
PIZZA #53
832-9972 PETER PIPER 7246 E MAIN ST MESA 07/28/93
PIZZA #57
375-1808 PETER PIPER 707 E BELL #1 PHOENIX 07/18/90
PIZZA #82
779-9043 PICQUIC FOOD 1051 S MILTON RD FLAGSTAFF 02/03/96
STORE #100
779-9053 PICQUIC FOOD 1051 S MILTON RD FLAGSTAFF 02/03/96
STORE #100
779-9069 PICQUIC FOOD 1051 S MILTON RD FLAGSTAFF 02/03/96
STORE #100
779-9803 PICQUIC FOOD 1051 S MILTON RD FLAGSTAFF 02/03/96
STORE #100
526-9735 PICQUIC FOOD 5650 N HIGHWAY 89 FLAGSTAFF 02/03/96
STORE #101
526-9741 PICQUIC FOOD 5650 N HIGHWAY 89 FLAGSTAFF 02/03/96
STORE #101
835-8085 PIMA MEDICAL 957 S DOBSON RD MESA 09/06/94
INSTITUTE
286-9946 PINEWOOD CHEVRON 85 PINEWOOD BLVD MUNDS PARK
09/21/94
SERVICE
286-9947 PINEWOOD CHEVRON 85 PINEWOOD BLVD MUNDS PARK
09/21/94
SERVICE
352-8909 PIZZA HUT 5111 W THOMAS RD PHOENIX 12/14/95
435-8049 PIZZA HUT 5166 W OLIVE GLENDALE 12/14/95
772-9784 PIZZA HUT 7430 PAV WAY PRESCOTT 04/27/96
VALLEY
898-1162 PIZZA MART 1329 E MAIN MESA 09/09/92
849-9676 PIZZA MART 8243 W INDIAN SCHOOL RD PHOENIX 01/21/93
921-8397 POP PERONI'S 945 S MILL TEMPE 05/27/92
PIZZA
939-9167 PROBST UNOCAL 5452 W GLENDALE AVE GLENDALE 08/16/93
<PAGE> 34
Page No. 14
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
248-9664 Q LUBE #1130 1542 B THOMAS RD PHOENIX 02/23/94
233-2580 RAINBOW DONUT 3458 W VAN BUREN PHOENIX 01/30/91
282-8136 RAINBOW'S END 3235 W HIGHWAY 89A SEDONA 01/12/95
RESTAURANT
282-8113 RAINBOW'S END 3235 W HIGHWAY 89A SEDONA 03/15/95
RESTAURANT
779-9072 RAMADA LIMITED 2755 S WOODLAND VILLAGE FLAGSTAFF
08/17/94
837-9975 RED ROCK AUTO 11625 N SAGUARO BLVD FOLTNTAIN 01/25/95
GAS HILLS
484-9858 REYES UPHOLSTERY3512 W MCDOWELL PHOENIX 02/22/95
268-2472 RIVERBOTTOM 3611 S 16TH ST PHOENIX 12/14/90
LOUNGE
404-9022 ROADRUNNER 1530 E BELL RD PHOENIX 06/21/93
CARWASH
404-9819 ROLEERTO'S 12831 N CAVE CREEK PHOENIX 02/14/96
464-4824 ROLBERTO'S TACO 606 W MAIN ST MESA 12/03/90
SHOP
253-9876 RUDY ANAYA 1425 E TAYLOR PHOENIX 05/01/95
REALTY
268-9810 RUDY ANAYA 201 E BROADWAY PHOENIX 05/01/95
REALTY
491-6478 RURAL ROAD 7420 S RURAL TEMPE 09/24/92
LIQUOR
267-9091 SAGUARO MOBIL 101 N 32ND ST PHOENIX 01/16/95
HOME PARK
278-0340 SAM'S CONVENIENT3202 W VAN BUREN PHOENIX 09/01/92
MART
278-0319 SAM'S CONVENIENT3202 W VAN BUREN PHOENIX 09/01/92
MART
935-9863 SCHLOTSKY'S DELI13821 W GLENDALE GLENDALE 12/22/95
941-8744 SCOTTSDALE VIDEO6802 E THOMAS RD SCOTTSDALE 09/09/92
890-2794 SCOTTSDALE VIDEO753 S ALMA SCHOOL, #20 MESA 09/09/92
997-5871 SCREWY LOUIE'S 9401 N CAVECREEK RD PHOENIX 03/11/93
282-8103 SEDONA AIRPORT P.O. BOX 10445 SEDONA 03/07/95
RESTAURANT
282-8145 SEDONA CHEVRON 125 HART RD SEDONA 03/13/95
415-9757 SHADY ELMS 3035 W VAN BUREN PHOENIX 06/06/95
TRAILER PARK
951-9817 SHEA SCOTTSDALE 10881 N SCOTTSDALE RD SCOTTSDALE 12/01/94
SHOP CTR
951-9829 SHEA SCOTTSDALE 10881 N SCOTTSDALE RD SCOTTSDALE 12/01/94
SHOP CTR
951-9822 SHEA SCOTTSDALE 10881 N SCOTTSDALE RD SCOTTSDALE 12/01/94
SHOP CTR
951-9818 SHEA SCOTTSDALE 10881 N SCOTTSDALE RD SCOTTSDALE 12/01/94
SHOP CTR
634-7110 SHEP'S LIQUORS 1003 N MAIN ST COTTONWOOD 11/01/93
<PAGE> 35
Page No. 15
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
778-7209 SONIC DRIVE IN 287 W WHIPPLE ST PRESCOTT 10/02/94
932-9745 SONIC DRIVE IN 601 N CENTRAL AVONDALE 12/06/94
639-0658 SOSSA'S DELI 516 N MAIN ST COTTONWOOD 12/09/93
639-0633 SOSSA'S DELI 516 N MAIN ST COTTONWOOD 12/09/93
304-9846 SOUTH CENTRAL 7035 S CENTRAL PHOENIX 08/17/95
PLAZA
435-8099 SOUTH CHINA 4425 W OLIVE GLENDALE 04/11/96
BUFFET
990-9604 SOUTH CHINA 1636 N SCOTTSDALE RD TEMPE 04/18/96
BUFFET
995-9885 SOUTH CHINA 8008 N 19TH AVE PHOENIX 04/11/96
BUFFET NO.4
268-3138 SOUTH MOUNTAIN 1 W BASELINE PHOENIX 08/03/90
PLAZA
804-9811 SOUTH SMITH 1230 S SMITH TEMPE 10/28/94
APARTMENTS
304-9853 SOUTHERN ACRES 3334 E SOUTHERN PHOENIX 09/19/95
MHP
842-9927 SPINNAKER 5220 N 43RD AVE PHOENIX 01/20/95
APARTMENTS
732-9617 SUN SHINE VALLEY1650 S ARIZONA AVE CHANDLER 09/10/92
MHP
833-9845 SUN VALLEY MOTEL144 E MAIN MESA 03/01/95
930-9542 SUNDOWN 6020 W BETHANY HOME RD GLENDALE 09/16/92
278-9844 SUNSET HARBOR 3430 W BUCKEYE RD PHOENIX 10/25/94
MOTEL
894-2301 SUNSET VILLA 1415 E APACHE BLVD TEMPE 11/14/90
APARTMENTS
804-9841 SUPER 8 MOTEL 1020 E APACHE BLVD TEMPE 03/17/95
833-9759 SUPERMAT 5 1860 N COUNTRY CLUB DR MESA 03/29/95
516-9807 T.J. HANNIGAN'S 1721 W ROSE GARDEN LANEPHOENIX 09/15/95
468-0718 TACO BELL 2450 E INDIAN SCHOOL RDPHOENIX 09/08/92
776-7115 TACO BELL 1090 IRON SPRINGS RD PRESCOTT 10/18/93
435-8032 TACO BELL 6120 N 59TH AVE PHOENIX 09/12/93
840-9867 TACO BELL 2601 N 44TH ST PHOENIX 06/02/95
840-9890 TACO BELL 2601 N 44TH ST PHOENIX 06/02/95
892-9931 TACO BELL 3601 E BASELINE RD GILBERT 12/13/93
#015251
837-9268 TACO BELL 17230 E SHEA BLVD FOUNTAIN 07/08/94
#016085 HILLS
837-9525 TACO BELL 17230 E SHEA BLVD FOUNTAIN 07/08/94
#016085 HILLS
759-8830 TACO BELL 15604 S 40TH ST PHOENIX 12/14/94
#016241
516-9898 TACO BELL 1909 W DEER VALLEY RDPHOENIX 12/22/94
#016549
496-9984 TACO BELL 9960 S RURAL RD TEMPE 02/16/95
#016652
<PAGE> 36
Page No. 16
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
661-8635 TACO BELL 10130 N 90TH ST SCOTTSDALE
#016938
661-8636 TACO BELL 10130 N 90TH ST SCOTTSDALE
#016938
661-8612 TACO BELL 15776 N FRANK LLOYD SCOTTSDALE 08/09/95
#017331 WRGHT
661-8607 TACO BELL 15776 N FRANK LLOYD SCOTTSDALE 08/09/95
#017331 WRGHT
813-9807 TACO BELL#17364 885 W WARNER RD GILBERT 11/09/95
835-8053 TACO BELL #1925 531 E SOUTHERN RD MESA 11/01/93
945-2076 TACO BELL #21 7153 E THOMAS RD SCOTTSDALE 04/16/92
963-8811 TACO BELL #2662 2030 N ALMA SCHOOL RDCHANDLER 07/23/93
813-9810 TACO BELL #2675 2160 E BASELINE RD MESA 10/29/93
838-9785 TACO BELL #2941 835 W BASELINE RD TEMPE 10/28/93
984-9645 TACO BELL #3232 11550 E APACHE TRAIL MESA 07/23/93
443-9828 TACO BELL #3706 14002 N SCOTTSDALE RDSCOTTSDALE 08/02/93
639-2262 TACO BELL #3805 1950 E MAIN ST COTTONWOOD 07/22/93
772-9979 TACO BELL #3915 7820 E HIGHWAY 69 PRESCOTT 08/09/93
VALLEY
893-8400 TACO BELL #3959 4815 E WARNER RD PHOENIX 11/08/93
567-2669 TACO BELL #4240 1650 FINNIE FLAT RD CAMP VERDE 07/22/93
567-2673 TACO BELL #4240 1650 FINNIE FLAT RD CAMP VERDE 07/22/93
443-9829 TACO BELL #4475 9059 E INDIAN BEND SCOTTSDALE 07/24/93
443-0638 TACO BELL #5030 4751 E SHEA BLVD PHOENIX 08/20/92
443-9826 TACO BELL #5030 4751 E SHEA BLVD PHOENIX 07/09/93
893-8658 TACO BELL #5383 1415 W ELLIOT RD TEMPE 11/02/93
717-1286 TACO BELL #5684 1741 E HIGHWAY 69 PRESCOTT 08/09/93
912-9909 TACO BELL #72 4031 N 40TH ST PHOENIX 11/26/93
776-1683 TACO DONS 620 MILLER VALLEY RD PRESCOTT 04/13/94
272-7484 TAQUERIA 3 5041 W THOMAS RD PHOENIX 09/14/90
AMIGOS
804-9830 TEMPE BOWL 1100 E APACHE BLVD TEMPE 02/10/95
870-9573 THE CAR WASH 9001 19TH AVE PHOENIX 08/18/93
MACHINE
866-9772 THE FINISH LINE 1724 W BELL RD PHOENIX 11/27/95
771-2590 THE OTHER STORE 649 MILLER VALLEY RD PRESCOTT 11/08/93
771-2591 THE OTHER STORE 649 MILLER VALLEY RD PRESCOTT 11/08/93
840-8390 THE SQUEEZE BOX 4420 E THOMAS RD PHOENIX 09/02/92
840-8384 THE SQUEEZE BOX 4420 E THOMAS RD PHOENIX 09/02/92
284-9982 THE VILLAGE PUB 40 W CORTEZ #10 SEDONA 04/03/95
992-3364 THE WASHOUSE 12837 N CAVECREEK RD PHOENIX 09/11/92
262-9800 THE WASHOUSE 1025 N 7TH ST PHOENIX 09/11/92
257-7531 THE WASHOUSE 1746 W VAN BUREN ST PHOENIX 09/14/92
256-9965 THE WASHOUSE 1835 W BUCKEYE RD PHOENIX 09/14/92
278-6486 THE WASHOUSE 3114 W VAN BUREN ST PHOENIX 09/15/92
278-6541 THE WASHOUSE 4246 W THOMAS RD PHOENIX 09/15/92
<PAGE> 37
Page No. 17
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
930-9481 THE WASHOUSE 6208 N 43RD AVE GLENDALE 09/15/92
276-4619 THE WASHOUSE 8810 S CENTRAL AVE PHOENIX 09/16/92
263-8474 THE WASHOUSE 3600 N 7TH ST PHOENIX 09/16/92
263-5684 THE WASHOUSE 4001 N 19TH AVE PHOENIX 09/16/92
995-9038 THE WASHOUSE 2302 W GLENDALE PHOENIX 09/16/92
252-9942 THE WASHOUSE 202 E BUCKEYE ROAD PHOENIX 03/04/93
278-0904 THE WASHOUSE 1128 S 35TH AVE PHOENIX 09/14/92
415-9745 THE WASHOUSE 1128 S 35TH AVE PHOENIX 03/03/95
278-9032 THOMAS 2807 N 35TH AVE PHOENIX 09/03/93
DRIVE-THRU
LIQUORS
771-2657 THUMB BUTTE 1451 W GURLEY ST PRESCOTT 11/15/93
EXXON
272-6073 TIENDA LA 3012 W VAN BUREN ST PHOENIX 09/13/90
MEXICANA
942-9863 TIGER WASH 8003 E INDIAN SCHOOL RDSCOTTSDALE 11/11/94
932-9748 TJ'S RESTAURANT 310 N 8TH ST AVONDALE 01/19/95
964-2933 TOM'S BAR B Q 1140 S COUNTRY CLUB DRMESA 09/02/92
491-0196 TOM'S BAR B Q 115 E BASELINE RD TEMPE 09/01/92
435-8035 TOM'S BAR B Q 5010 W OLIVE GLENDALE 11/18/93
304-9848 TOMBSTONE 9014 S CENTRAL AVE PHOENIX 08/23/95
RESTAURANT
278-9845 TRAIL INN LODGE 3010 W VAN BUREN PHOENIX 09/27/94
276-6405 TUNEUP MASTERS 5850 S CENTRAL PHOENIX 11/23/92
#605
966-7406 TUNEUP MASTERS 808 S RURAL TEMPE 11/23/92
#613
844-9320 TUNEUP MASTERS 1205 B MAIN MESA 11/23/92
#617
235-9807 TUNEUP MASTERS 3354 N 19TH AVE PHOENIX 05/28/93
#624
967-7926 TWIN PALMS HOTEL225 B APACHE BLVD TEMPE 09/03/92
967-7924 TWIN PALMS HOTEL225 E APACHE BLVD TEMPE 09/03/92
268-9881 U-PULL IT 3250 W BROADWAY PHOENIX 05/01/95
941-9493 UNION PLAZA 1448 N SCOTTSDALE RD TEMPE 08/20/93
878-9988 UNOCAL 6666 W BELL RD GLENDALE 02/27/95
933-6485 UNOCAL SELF 11503 W BELL RD SURPRISE 01/31/95
SERVE MART
933-6918 UNOCAL SELF 11503 W BELL RD SURPRISE 01/31/95
SERVE MART
977-4552 UNOCAL STATION 10120 W BELL RD SUN CITY 03/23/95
841-9863 VALLEY FAIR 3502 W NORTHERN PHOENIX 01/04/95
EXXON
841-9862 VALLEY FAIR 3502 W NORTHERN PHOENIX 01/04/95
EXXON
956-5301 VIKING CLEANERS 4029 N 32ND ST PHOENIX 09/24/90
263-9882 VILLA CONTENDA 1523 W COLTER ST PHOENIX 12/03/90
<PAGE> 38
Page No. 18
11/08/96
UNITED PAYPHONE SERVICES, INC.
CUSTOMER NAME & ADDRESS LIST
PHOENIX, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
276-4213 WASH & CLEAN 5233 S CENTRAL AVE PHOENIX 09/15/92
256-9859 WASH & DRY 901 N 16TH ST PHOENIX 09/11/92
256-9860 WASH & DRY 901 N 16TH ST PHOENIX 09/11/96
472-6188 WENDY'S 505 S BEELINE HIGHWAYPAYSON 12/05/94
272-8934 WESTERN TOWING 1402 S 25th AVE PHOENIX 04/12/93
778-5963 WILLOW CREEK 1106 WILLOW CREEK RD PRESCOTT 08/11/93
MARKET
254-4394 WINCHELL'S 1345 W MCDOWELL PHOENIX 03/15/90
DONUTS #302
433-2346 WINCHELL'S 2731 W CAMELBACK PHOENIX 04/10/92
DONUTS #380
995-8311 WINCHELL'S 2718 W NORTHERN PHOENIX 04/12/90
DONUTS #403
964-8627 WINCHELL'S 405 W MAIN MESA 09/16/92
DONUTS #489
282-8147 WRENWOOD BAR 2575 W HWY 89A SEDONA 04/03/95
943-3317 YOGIE'S 610 W DUNLAP PHOENIX 08/09/90
943-3439 YOGIE'S 610 W DUNLAP PHOENIX 08/09/90
<PAGE> 39
Page No. 1
11/08/96
UNITED PAYPHONE SERVICES, INC.
TUCSON, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
571-9910 1ST CHOICE 6475 E TUCSON 07/20/93
GOLFLINKS RD
571-9971 1ST CHOICE 6475 E TUCSON 05/03/94
GOLFLINKS RD
798-3917 A & S MINI MART 527 W 29TH ST TUCSON 09/04/90
623-9754 ADA INC. 626 W LESTER TUCSON 02/08/95
881-9259 ALL STAR COIN 5435 E PIMA TUCSON 07/30/93
LAUNDROMAT
881-9291 ALVERNON DONUTS 1450 S ALVERNON TUCSON 01/24/95
WAY
292-1629 AMPHI APARTMENTS3516 N STONE TUCSON 06/20/88
574-1375 APACHE TEARS MOTEL4603 E BENSON TUCSON 10/20/87
295-9961 ARBA INVESTMENTS 1655 W VALENCIA TUCSON 10/29/96
421-1290 ARBY'S 1220 E FLORENCE CASA GRANDE 01/20/94
BLVD
881-9272 ARBY'S 2810 E SPEEDWAY TUCSON 11/05/93
690-9972 ARBY'S 4407 N ORACLE TUCSON 11/18/93
RD
571-9940 ARBY'S 5759 B BROADWAY TUCSON 10/19/93
298-9981 ARBY'S 7285 E 22ND TUCSON 10/21/93
298-9982 ARBY'S 7920 E SPEEDWAY TUCSON 10/22/93
295-9874 ARBY'S 5275 S PALO TUCSON 11/18/94
VERDE
579-1460 ARBY'S 4299 W INA RD TUCSON 11/16/94
721-9953 ARBY'S 6900 E TANQUE TUCSON 12/07/94
VERDE
792-8719 ARTISAN'S WELL 63 E CONGRESS TUCSON 12/27/93
622-9113 ASIA EXPRESS 2680 N 1ST AVE TUCSON 03/13/96
295-9965 ASIA GARDEN 1725 W AJO WAY TUCSON 09/16/93
RESTAURANT
620-1729 AVEDIS ENT. 605 N FOURTH TUCSON 07/21/92
AVE
881-8762 BAR B-Q RANCH 5123 E SPEEDWAY TUCSON 05/10/88
BLVD
622-9794 BARRIO BAR & GRILL135 S 6TH AVE TUCSON 04/30/96
881-9706 BASHFUL BANDIT 3686 E SPEEDWAY TUCSON 07/15/87
721-4355 BASKIN ROBBINS 8670 E BROADWAY TUCSON 07/29/92
622-9102 BAXTER HEALTH CARE135 S 4TH AVE TUCSON 02/08/95
292-9979 BEL-AIR MOBILE HOME1455 W PRINCE TUCSON 02/23/95
PARK RD
487-2842 BENAGLIO'S CHEVRON726 & 728 MAMMOTH 07/22/88
HIGHWAY 77
622-9972 BENITO'S 831-C N PARK TUCSON 06/05/96
AVE
836-4604 BEST WESTERN CASA 65 VIA DEL CASA GRANDE 01/05/94
GRANDE CHILO
622-9978 BOATNERS GAS STATION800 N 4TH AVE TUCSON 06/07/96
322-0911 BOOKMAN'S USED BOOKS1930 E GRANT RD TUCSON 05/02/88
<PAGE> 40
Page No. 2
11/08/96
UNITED PAYPHONE SERVICES, INC.
TUCSON, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
749-9930 BOX SEATS GRILL & PUB8848 E TANQUE TUCSON 10/28/94
VERDE '
770-8907 BOYS & GIRLS CLUB 1375 N EL RIO TUCSON 02/08/95
DR
623-4769 BOYS & GIRLS CLUB- 2585 E 36TH ST TUCSON 02/08/95
TUCSON
741-2941 BROADLOOM MOTEL 1437 E BENSON TUCSON 02/16/88
HWY
571-9937 BROADWAY BUILDING 5151 E BROADWAY TUCSON 11/03/93
BLVD
426-9859 BROWN & BROWN 1180 E MAIN CASA GRANDE 03/31/95
MERCANTILE
292-9977 BUCK'S RIVER ROAD 4851 N FIRST TUCSON 01/16/95
EXXON AVE
292-1606 BULL PEN LOUNGE 4001 N ROMERO TUCSON 04/05/88
RD
295-9856 BURGER KING 2520 E VALENCIA TUCSON 01/16/96
322-0992 CACTUS BOWL 1630 S ALVERNON TUCSON 02/08/95
571-9514 CACTUS MOON CAFE 5470 E BROADWAY TUCSON 11/18/88
BLVD
571-9515 CACTUS MOON CAFE 5470 E BROADWAY TUCSON 11/18/88
BLVD
622-7511 CAFE COMIDAS 874 E TUCSON 10/03/95
UNIVERSITY BLV
620-1216 CAFE POCA COSA 20 N SCOTT TUCSON 07/21/92
722-9984 CARL'S JR. #167 7805 E BROADWAY TUCSON 05/04/94
AVE
298-9032 CARL'S JR. #376 6301 E GRANT RD TUCSON 04/21/94
295-9820 CARL'S JR. #384 1070 E AJO WAY TUCSON 04/15/94
888-9922 CARL'S JR. #436 3707 N ORACLE TUCSON 04/19/94
RD
792-8811 CARL'S JR. #440 615 W CONGRESS TUCSON 04/20/94
792-8772 CARL'S JR. #440 615 W CONGRESS TUCSON 02/07/95
744-2964 CARL'S JR. #441 3790 INA RD TUCSON 04/14/94
571-9962 CARL'S JR. #560 4110 E 22ND ST TUCSON 05/03/94
571-9964 CARL'S JR. #568 3790 E TUCSON 04/29/94
IRVINGTON RD
571-9906 CARL'S JR. #568 3790 E TUCSON 06/22/95
IRVINGTON RD
792-8818 CARL'S JR. #571 1001 N PARK AVE TUCSON 04/27/94
888-9923 CARL'S JR. #593 635 W WETMORE TUCSON 04/22/94
466-9676 CARL'S JR. #827 3090 N TOLTEC ELOY 04/14/94
RD
466-9675 CARL'S JR. #827 3090 N TOLTEC ELOY 04/14/94
RD
885-4852 CASA DEL RIO 1060 S PANTANO TUCSON 08/25/92
RESTAURANT
573-0771 CASA de MUEBLES 4535 S 12TH AVE TUCSON 03/13/92
798-3918 CASHWAY MEAT MARKET 301 W 29TH ST TUCSON 09/04/90
<PAGE> 41
Page No. 3
11/08/96
UNITED PAYPHONE SERVICES, INC.
TUCSON, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
322-0909 CATALINA COMPLEX 2320 N CAMPBELL TUCSON 11/22/88
ODEON
746-9764 CATTLETOWN 3141 E DREXEL TUCSON 02/13/96
RD
746-9753 CATTLETOWN 3141 E DREXEL TUCSON 02/13/96
RD
798-3908 CHANGS FAST FOOD 347 E 36TH ST TUCSON 09/25/90
298-9075 CHARLE'S TWO 7342 E BROADWAY TUCSON 01/13/94
696-9798 CHESAPEAKE BAGEL 4485 N IST AVE TUCSON 04/08/96
BAKERY
622-9261 CHESAPEAKE BAGEL 994 E TUCSON 05/10/96
BAKERY UNIVERSITY
741-2966 CHOICE MARKET 3650 E BENSON TUCSON 05/09/88
HWY
881-9107 CHURCH'S CHICKEN 3869 B GRANT RD TUCSON 01/18/94
#1167
295-9897 CHURCH'S CHICKEN #145402 W VALENCIA TUCSON 10/18/93
797-2810 CHURCH'S CHICKEN #567848 N ORACLE TUCSON 09/30/93
RD
295-9964 CHURCH'S CHICKEN #6773802 S 6TH AVE TUCSON 10/01/93
770-8979 CHURCH'S CHICKEN #689485 N GRANDE TUCSON 10/08/93
571-9927 CHURCH'S CHICKEN #7787090 E GOLF TUCSON 11/19/93
LINKS
836-7088 CHURCH'S CHICKEN #8481233 E FLORENCE CASA GRANDE 03/13/95
BLVD
749-6000 CHUY'S BAJA BROILER8987 E TANQUE TUCSON 02/09/93
#3 VERDE
749-8005 CHUY'S BAJA BROILER8987 E TANQUE TUCSON 10/04/96
#3 VERDE
792-8845 CHUY'S MESQUITE 3312 S 6TH AVE TUCSON 06/13/94
721-9951 CITY GRILL 6350 E TANQUE TUCSON 11/19/94
VERDE
792-8843 CLUCK-U-CHICKEN CO. 202 E SPEEDWAY TUCSON 05/13/94
BLVD
881-8771 CONVENIENT MART & 1866 S COUNTRY TUCSON 05/02/88
DELI CLUB
573-0947 CORNER MARKET 341 W AJO WAY TUCSON 12/02/87
884-8841 COST LESS AUTO PARTS3650 S 6TH AVE TUCSON 05/20/88
721-9866 COUSINS SUBS 7233 W SPEEDWAY TUCSON 10/28/94
BLVD
298-9001 COWPONY 6510 B TANQUE TUCSON 12/13/94
VERDE
327-7316 CROSSROADS CINEPLEX 4811 E GRANT RD TUCSON 10/05/88
ODEON
327-4398 CROSSROADS CINEPLEX 4811 E GRANT RD TUCSON 02/07/92
ODEON
836-2562 D & S LAUNDROMAT 1326 N PINAL CASA GRANDE 02/25/94
745-2586 DAVIS UNOCAL 2085 S ALVERNON TUCSON 04/25/88
571-9912 DAVIS UNOCAL 2085 S ALVERNON TUCSON 07/23/93
<PAGE> 42
Page No. 4
11/08/96
UNITED PAYPHONE SERVICES, INC.
TUCSON, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
888-9849 DAY BREAK CAFE 918 W PRINCE RD TUCSON 09/27/96
836-7546 DENNY'S 1851 E FLORENCE CASA GRANDE 01/05/94
BLVD
426-9787 DENNY'S 1851 E FLORENCE CASA GRANDE 05/12/95
BLVD
770-8991 DIAMOND AUTO REPAIR 1049 S 6TH AVE TUCSON 10/13/95
884-8868 DOUBLE "C" DRIVE-IN 2804 S 6TH AVE TUCSON 05/24/88
574-0297 DUFFY'S DIESEL 7063 S TUCSON 05/04/93
CRAYCROFT
292-1622 DUNKIN DONUTS 3580 N IST AVE TUCSON 05/19/88
575-0122 DUNKIN DONUTS 6343 N ORACLE TUCSON 04/18/88
RD
881-6259 DUNN APARTMENTS 3426 E KLIENALE TUCSON 10/23/92
RD
323-3906 ECONO LUBE n' TUNE 3661 E SPEEDWAY TUCSON 06/02/88
#108 BLVD
741-9580 ECONO LUBE n' TUNE 333 W VALENCIA TUCSON 11/08/92
#116 RD
722-9531 EDDIE'S 8510 E BROADWAY TUCSON 07/22/92
884-8420 EGG ROLL HOUSE 430 N PARK AVE TUCSON 05/12/88
295-9888 EL CACTUS 5201 S 12TH AVE TUCSON 06/20/96
881-8772 EL CAMPO SHOPPING 3024 E 22ND ST TUCSON 09/10/87
CENTER
571-9412 EL DORADO CINEPLEX 5909 E BROADWAY TUCSON 06/17/88
ODEON
750-9513 EL DORADO CINEPLEX 5909 E BROADWAY TUCSON 03/22/93
ODEON
770-8949 EL INDIO 3355 S 6TH AVE TUCSON 12/17/93
295-9839 EL MERENDERO 5443 S 12TH AVE TUCSON 01/18/96
792-0160 EL MEZON DEL COBRE 2960 N FIRST TUCSON 08/11/92
AVE
792-8741 EL RIO BAKERY 901 N GRANDE TUCSON 02/14/95
AVE
295-9805 EL TORO NITE CLUB 4726 S COUNTRY TUCSON 07/27/93
CLUB
770-8983 EL ZANPE 2615 SOUTH 6TH TUCSON 05/23/95
AVE
722-9864 ELAN MANAGEMENT CORP.1101 N WILMOT TUCSON 12/21/95
RD
571-9938 EMILIANOIS 1615 S ALVERNON TUCSON 12/16/93
WAY
622-8881 EPIC CAFE 745 N 4TH AVE TUCSON 07/07/94
426-9622 FAST MART CONVENIENCE701 E FLORENCE CASA GRANDE
03/24/95
STO BLVD
426-9620 FAST MART CONVENIENCE701 E FLORENCE CASA GRANDE
03/24/95
STO BLVD
426-9621 FAST MART CONVENIENCE701 E FLORENCE CASA GRANDE
03/24/95
STO BLVD
881-9375 FAT CHANCE 2965 N CAMPBELL TUCSON 01/21/94
<PAGE> 43
Page No. 5
11/08/96
UNITED PAYPHONE SERVICES, INC.
TUCSON, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
426-9813 FILIBERTO'S 1313 E FLORENCE CASA GRANDE 04/15/94
BLVD
298-9064 FILIBERTO'S 7115 E 22ND ST TUCSON 07/13/94
622-9114 FIRST AVENUE UNOCAL 2710 N 1ST AVE TUCSON 07/22/93
292-9985 FITNESS UNLIMITED 1290 W PRINCE TUCSON 04/06/95
RD
575-9796 FIVE STAR BLIMPIE 7151 N ORACLE TUCSON 04/07/95
RD
323-3897 FLINTS SELF SERVE 1701 N ALVERNON TUCSON 06/16/88
575-0100 FOOTHILLS CINEPLEX 7201 N LA TUCSON 06/29/88
ODEON CHOLLA
296-3414 FOUNTAIN HILLS CONDO1620 N WILMOT TUCSON 09/11/90
298-9020 FOUNTAIN HILLS CONDO1620 N WILMOT TUCSON 01/09/95
292-9953 FUNTASTICKS FAMILY 221 E WETMORE TUCSON 09/16/94
FUN RD
292-9954 FUNTASTICKS FAMILY 221 E WETMORE TUCSON 09/16/94
FUN RD
292-9955 FUNTASTICKS FAMILY 221 E WETMORE TUCSON 09/16/94
FUN RD
295-9985 GALES FOOD & SPIRITS4990 S CAMPBELL TUCSON 06/19/95
722-0151 GARNER EXXON 7111 E GOLF TUCSON 05/07/88
LINKS
881-9759 GEE'S GARDEN 1145 N ALVERNON TUCSON 03/22/95
WAY
792-8729 GENTLE BEN'S 865 E TUCSON 10/10/96
UNIVERSITY
792-8738 GENTLE BEN'S 865 E TUCSON 10/10/96
UNIVERSITY
792-8756 GENTLE BEN'S 865 E TUCSON 10/10/96
UNIVERSITY
571-8522 GEORGE'S EXXON 5502 E SPEEDWAY TUCSON 09/22/87
622-9353 GINS OIL EXPRESS 737 W SPEEDWAY TUCSON 03/18/96
BLVD
748-9940 GOLDEN CORRAL 4380 E 22ND ST TUCSON 03/01/95
748-9952 GOLDEN CORRAL 4380 E 22ND ST TUCSON 03/01/95
294-6803 GRAND MARKET 6250 S 6TH AVE TUCSON 09/04/90
322-9981 GRANT & SWAN EXXON 4702 E GRANT RD TUCSON 04/08/88
322-0999 GRANT ROAD CHEVRON 2475 E GRANT RD TUCSON 04/07/88
322-9985 GRANT ROAD UNOCAL 3825 E GRANT RD TUCSON 04/25/88
884-8227 GRANTSTONE, INC. 8 W GRANT RD TUCSON 04/06/88
884-8990 GRANTSTONE, INC. 8 W GRANT RD TUCSON 04/06/88
292-9958 GUS' LIQUOR 3350 N 1ST AVE TUCSON 09/26/94
792-8724 GYMIS 3346 S 6TH AVE TUCSON 01/25/94
741-2972 H & H PAWN SHOP 5410 S 12TH AVE TUCSON 06/14/88
622-9156 HIMALAYA'S 17 N STONE AVE TUCSON 05/02/96
882-3982 HOME DEN 2706 N 1ST AVE TUCSON 07/16/91
885-1262 HOME DEPOT #0465 7150 E BROADWAY TUCSON 06/01/88
292-9950 HOME DEPOT #0465 4755 N ORACLE TUCSON 08/30/94
(BREAK) RD
<PAGE> 44
Page No. 6
11/08/96
UNITED PAYPHONE SERVICES, INC.
TUCSON, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
292-0866 HOME DEPOT #0466 4755 N ORACLE TUCSON 06/29/87
RD
887-8492 HOME DEPOT #0466 4755 N ORACLE TUCSON 06/01/88
RD
295-9818 HOME DEPOT #0467 1155 W TUCSON 08/08/95
IRVINGTON RD
295-9828 HOME DEPOT #0467 1155 W TUCSON 08/17/95
IRVINGTON RD
295-9830 HOME DEPOT #0467 1155 W TUCSON 08/17/95
IRVINGTON RD
741-2943 HOWDY MANOR 3210 E BENSON TUCSON 03/07/88
HWY
322-0910 HRC AUTOMOTIVE 4702 E PIMA TUCSON 10/14/87
622-9135 IGUANA CAPE 210 E CONGRESS TUCSON 08/03/93
884-8257 J. J. NEWBERRY'S 1227 W ST TUCSON 10/04/88
#1504 MARY'S RD
426-9789 JACK IN THE BOX 1194 E FLORENCE CASA GRANDE 10/07/96
BLVD
770-8900 JAIME'S BAR 536 N 4TH AVE TUCSON 07/02/93
770-8901 JAIME'S BAR 536 N 4TH AVE TUCSON 07/02/93
298-9043 JERRY BOB'S FAMILY 7699 E SPEEDWAY TUCSON 05/18/94
REST. BLVD
884-9096 JERRY'S LEE HO MARKET600 S MYER TUCSON 06/27/88
881-9390 JIMMY HOLIDAY'S 3146 E GRANT TUCSON 12/02/94
884-8521 KEG BEER KOUNTRY 2300 S 6TH AVE TUCSON 10/20/87
792-8814 KING DONUT 150 W GRANT RD TUCSON 09/16/94
571-9960 KYOTO BOWL #18 6290 E SPEEDWAY TUCSON 01/17/96
741-7904 LA ESTRELLA BAKERY 5266 S 12TH AVE TUCSON 09/27/90
882-0493 LA PLACITA VILLAGE 110 S CHURCH TUCSON 12/10/92
BLD #9
294-7345 LA VILLA MEAT MARKET4562 S 6TH AVE TUCSON 09/05/90
882-4253 LAMPPOST LIQUORS 1820 N ORACLE TUCSON 07/16/91
882-5060 LATIN-AMERICAN CLUB 437 E 26TH ST TUCSON 02/08/95
792-8865 LIMBONG LIQUOR STORE688 W GRANT RD TUCSON 02/22/95
770-8968 LIZZARRAGA'S 1118 W ST TUCSON 10/14/93
MARY'S
721-9971 LONG JOHN SILVERS 7120 E BROADWAY TUCSON 09/05/95
BLVD
748-9921 LONG JOHN SILVERS 4030 E 22ND ST TUCSON 10/27/95
696-9789 LONG JOHN SILVERS 4105 N ORACLE TUCSON 12/05/95
RD
889-4024 LOS AMIGOS MEAT 3929 S 12TH AVE TUCSON 10/06/92
MARKET #2
741-2922 LOS GRANDES PLAZA 5338 S 12TH AVE TUCSON 03/02/88
889-2470 LOS GRANDES PLAZA 5338 S 12TH AVE TUCSON 02/20/92
741-2931 LOUIS MARKET 4009 S 12TH AVE TUCSON 01/21/88
746-9079 LUCKY WISHBONE 5220 S NOGALES TUCSON 01/20/95
HWY
751-1559 LUKE'S 8060 E 22ND TUCSON 08/14/92
<PAGE> 45
Page No. 7
11/08/96
UNITED PAYPHONE SERVICES, INC.
TUCSON, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
745-0396 LUKE'S 3910 E 29TH TUCSON 09/26/92
622-8896 MANDARIN GRILL 505 E GRANT RD TUCSON 04/29/93
884-8364 MARIA'S RESTAURANT 3530 S 6TH AVE TUCSON 05/24/88
881-9255 MATRIXX MARKETING 3435 E BROADWAY TUCSON
BLVD
881-9256 MATRIXX MARKETING 3435 E BROADWAY TUCSON
BLVD
881-9276 MATRIXX MARKETING 3435 E BROADWAY TUCSON
BLVD
881-9296 MATRIXX MARKETING 3435 E BROADWAY TUCSON
BLVD
721-9863 MCDONALD'S 6651 E TANQUE TUCSON 10/25/94
VERDE
721-9865 MCDONALD'S 6651 E TANQUE TUCSON 10/25/94
VERDE
298-9983 MCDONALD'S 9490 E GOLF TUCSON 04/10/95
LINKS
760-9821 MCDONALD'S 8995 E TANQUE TUCSON 05/16/95
VERDE
295-9932 MCDONALD'S 540 W VALENCIA TUCSON 09/01/95
RD
295-9959 MCDONALD'S 5225 S PALO TUCSON 09/20/95
VERDE
295-9963 MCDONALD'S 5225 S PALO TUCSON 09/20/95
VERDE
295-9966 MCDONALD'S 5225 S PALO TUCSON 09/20/95
VERDE
746-9547 MEI HEN 1030 E TUCSON 10/21/96
IRVINGTON
884-5316 MENLO PARK VIDEOS 914 W CONGRESS TUCSON 04/10/92
298-9893 METRO FITNESS 5851 E SPEEDWAY TUCSON 04/05/95
BLVD
884-8351 MIDTOWN LIQUORS 339 S STONE AVE TUCSON 04/20/88
624-4985 MILLER'S SURPLUS 406 N 6TH AVE TUCSON 03/19/92
426-9625 MILO'S DISCOUNT 201 E 2ND ST CASA GRANDE 06/12/95
LIQUOR
573-7196 MISSIONDALE PALMS 180 W VALENCIA TUCSON 07/10/91
APTS.
573-7197 MISSIONDALE PALMS 180 W VALENCIA TUCSON 07/10/91
APTS.
571-8535 MUSIC BOX LOUNGE 6951 E 22ND ST TUCSON 03/17/88
792-8718 N.Y.C. INC. 95 N PARK AVE TUCSON 08/24/94
323-3898 NEON MOON 5150 E SPEEDWAY TUCSON 04/20/88
BLVD
884-8182 NEW EMPIRE FOOD 526 E 9TH ST TUCSON 05/25/88
MARKET
792-8754 NIGHT SHIFT BAR 744 W GRANT TUCSON 11/18/94
888-9299 OLD AMERICA STORE #66 290 W FT. TUCSON 07/21/92
LOWELL
<PAGE> 46
Page No. 8
11/08/96
UNITED PAYPHONE SERVICES, INC.
TUCSON, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
487-2844 ONE STOP MARKET 706 HIGHWAY 77 MAMMOTH 08/19/88
825-1168 ORACLE JUNCTION MSR BOX-851 CATALINA 06/22/88
CARRYOUT
881-9378 ORIGINAL HAMBURGER 3102 E GRANT RD TUCSON 03/25/94
STAND
295-9871 ORIGINAL HAMBURGER 625 W AJO WAY TUCSON 03/31/94
STAND
791-9692 OVER PASS CAFE 1423 W MIRACLE TUCSON 08/13/93
MILE
792-8842 PACK-EM INN 22 W DRACHMAN TUCSON 05/05/94
296-8069 PANTANO TURBO WASH 1170 N PANTANO TUCSON 10/17/96
RD
792-8796 PARAGON 144 W LESTER TUCSON 07/21/95
298-9026 PARKS' UNOCAL 76 6760 E TANQUE TUCSON 02/09/95
VERDE
323-9906 PAVILLION AT ELCON 3695 E BROADWAY TUCSON 12/15/93
BLVD
323-9908 PAVILLION AT ELCON 3695 E BROADWAY TUCSON 12/15/93
BLVD
882-7995 PAYLESS CASHWAYS 2901 S 4TH AVE TUCSON 07/08/87
575-0113 PAYLESS CASHWAYS 6421 N TUCSON 06/09/87
THORNYDALE
722-0125 PAYLESS CASHWAYS 7501 E 22ND ST TUCSON 07/23/87
682-8983 PICTURE ROCK CAFE 6575 N SANDARIO AVRA VALLEY 09/01/93
884-7141 PIONEER PLAZA 100 N STONE TUCSON 07/19/93
575-9758 PITTMAN'S UNOCAL 6401 N ORACLE TUCSON 04/25/88
RD
770-1790 PONDEROSA BAR 919 E 37TH ST TUCSON 03/11/93
881-9376 PRONTO 2955 E SPEEDWAY TUCSON 01/25/94
884-8211 QUEEN DONUT 1108 W ST TUCSON 03/31/88
MARY'S RD
721-9750 REDDINGTON PLAZA 5829 E SPEEDWAY TUCSON 03/22/94
745-5512 RESEARCH CORP 101 N WILMOT TUCSON 08/21/92
TECHNOLOGY
426-9783 RICO DONUTS 611 E FLORENCE CASA GRANDE 03/13/95
BLVD
622-8947 RILLITO MOBIL HOME 521 W RILLITO TUCSON 05/19/93
PARK
323-3905 RIVER POINT 4175 E FT TUCSON 06/02/88
APARTMENTS LOWELL
295-9905 RODOLFO'S MEXICAN 1708 W AJO WAY TUCSON 09/06/95
FOOD
881-8781 SAN CLEMENTE SHOPPING3827 E BROADWAYTUCSON 10/21/94
CTR BLVD
385-2596 SAN MANUEL CAFE 143 8TH AVE SAN MANUEL 05/04/88
573-0944 SANTA FE BAR & GRILL7130 S NOGALES TUCSON 01/29/88
HWY
889-2416 SANTA FE BAR & GRILL7130 S NOGALES TUCSON 11/05/91
HWY
<PAGE> 47
Page No. 9
11/08/96
UNITED PAYPHONE SERVICES, INC.
TUCSON, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
295-9878 SANTA FE BAR & GRILL7130 S NOGALES TUCSON 12/20/94
HWY
298-9042 SCHLOTZSKY'S 6301 E BROADWAY TUCSON 05/05/94
BLVD
881-9568 SENOR SAMMY'S 2500 E 6TH ST TUCSON 11/19/94
884-8375 SPARKLE CLEANERS 16 W DRACHMAN TUCSON 04/28/88
327-8495 SPEEDWAY OUTLET 5421 E SPEEDWAY TUCSON 05/23/91
770-8971 STONEWALL EAGLE 2921 N 1ST AVE TUCSON 12/29/93
294-1203 SUAVECITO BAR 4802 S 12TH AVE TUCSON 09/07/90
298-9035 SUNRISE PLACE 7189 E SPEEDWAY TUCSON 12/30/95
BLVD
298-9046 SUNRISE PLACE 7189 E SPEEDWAY TUCSON 12/30/95
BLVD
881-9569 SWAN CREST APARTMENTS1060 N SWAN TUCSON 02/23/96
881-9343 TACOS DON JUAN 3601 E BROADWAY TUCSON 11/22/93
620-1742 TANIA'S RESTAURANT 614 N GRANDE TUCSON 02/01/91
AVE
721-9847 TANQUE VERDE PLAZA 2500 N PANTANO TUCSON 01/19/96
RD
571-9943 TERRITORIAL TAVERN 3727 S PALO TUCSON 11/24/93
VERDE
881-9203 TERRY & ZEKE'S 4603 E SPEEDWAY TUCSON 09/21/93
682-9833 THE WATERHOLE 16540 W AVRA MARANA
VALLEY
298-9894 THIRSTY'S 2422 N PANTANO TUCSON 10/25/95
NEIGHIBORHOOD G&B RD
792-8867 THRIFT WASH 204 E FT LOWELL TUCSON 01/12/95
792-8790 THRIFT WORLD 502 W AJO WAY TUCSON 07/24/95
884-8957 TIME MARKET 444 E TUCSON 05/13/88
UNIVERSITY BLV
622-8924 TIME MARKET 444 E TUCSON 08/11/94
UNIVERSITY BLV
881-9571 TOKYO RICE BOWL 2807 N CAMPBELL TUCSON 04/11/96
AVE
721-9752 TONY ROMA'S 750 N KOLB TUCSON 05/21/93
690-9951 TONY ROMA'S 4620 N ORACLE TUCSON 05/21/93
RD
571-6446 TONY'S ITALIAN DELI 6221 E 22ND ST TUCSON 10/26/92
571-8550 TUCSON BOWL 7020 E 21ST ST TUCSON 02/08/95
578-2599 TUCSON MNTN TRADING 3864 S KINNEY TUCSON 01/22/88
POST RD
741-2960 TUCSON PARK HOLIDAY 4619 S PARK AVE TUCSON 12/21/88
LAUND
298-9907 TUCSON SPORTS & REC 7255 E BROADWAY TUCSON 04/18/95
BLVD
884-8261 TUCSONIAN APARTMENTS1240 N 7TH TUCSON 05/05/88
622-8899 U WASH E Z 146 S 4TH AVE TUCSON 01/16/95
620-6725 U. OF A. LIQUORS 1002 E 6TH ST TUCSON 09/26/90
721-9754 UNICORN SPORTS LOUNGE8050 E 22ND ST,TUCSON 06/07/95
#118
<PAGE> 48
Page No. 10
11/08/96
UNITED PAYPHONE SERVICES, INC.
TUCSON, ARIZONA
TELEPHONE LOCATION ADDRESS CITY INSTALL
NUMBER DATE
682-9982 VALLEY OF THE SUN 13377 N MARANA 03/12/93
SANDARIO RD
884-8301 VIDA SERENA 2835 N STONE TUCSON 07/06/88
882-9532 VIDA SERENA 2835 N STONE TUCSON 11/25/91
792-8884 VIDA SERENA 2835 N STONE TUCSON 07/26/95
571-9407 VILLA DEL SOL APT. 6775 E GOLF TUCSON 06/09/88
LINKS
575-9840 VIVIANIS CAFE 3684 W ORANGE MARANA 01/14/94
GROVE
741-2932 WALTER'S SUPERMARKET4425 S 6TH AVE TUCSON 01/21/88
792-8721 WEST GRANT RD. EXXON1306 W GRANT RD TUCSON 01/25/95
792-8728 WEST GRANT RD. EXXON1306 W GRANT RD TUCSON 01/25/95
745-9955 WESTWOOD RESIDENTIAL5400 E WILLIAMS TUCSON 09/22/95
BLVD
881-9370 WHEEL DONUT 3860 E PIMA TUCSON 02/01/94
298-9806 WILMOT PLAZA 6305 E BROADWAY TUCSON 05/25/88
298-9016 WILMOT PLAZA 6305 E BROADWAY TUCSON 05/06/93
628-7522 WORLD GYM 1240 N STONE TUCSON 09/13/88
<PAGE> 49
EXHIBIT "A-5"
PERSONAL PROPERTY
<PAGE> 50
EXHIBIT A
PERSONAL PROPERTY
PHOENIX:
1 TOSHIBA STRATA DK 16 PHONE SYSTEM
7 TOSHIBA DESK PHONES
7 TOSHIBA DISPLAY PHONES
1 REGENCY ALARM SYSTEM
1 CDS SERVER COMPUTER WITH BATTERY BACK-UP
3 CDS COMPUTERS NODES FOR SERVER
3 DESKJET 540 PRINTERS
1 RICOH FT 4022 COPIER (LEASED)
6 FILE CABINETS (TAN)
5 PANASONIC PRINTERS
1 NEC PRINTER
4 COINNET COMPUTERS FOR POLLING
1 PROTEL COMPUTER
4 GRAY SECRETARY DESKS
5 FOLDING TABLES
5 MANAGER'S CHAIRS
7 MISC CHAIRS
1 VERTICAL FILE CABINET (GRAY)
1 COMPUTER STAND (GRAY)
1 PRINTER STANDS (GRAY)
1 OKIDATA PRINTER
1 8 FT CONFERENCE TABLE
6 CONFERENCE CHAIRS
2 CREDENZAS (BROWN)
1 HEWLETT-PACKARD FAX-950
1 PITNEY BOWES SCALE
1 PITNEY BOWES E 510 POSTAGE METER MACHINE (LEASED)
2 PITNEY BOWES FOLDING MACHINES
1 BASE STATION RADIO WITH POWER SUPPLY
1 CREDENZA (GRAY)
2 IBM SELECTRIC III TYPEWRITERS
1 BROWN DESK WITH RETURN
2 GREEN CHAIRS
1 BROTHER TYPEWRITER
1 BROWN DESK (TECH OFFICE)
1 BROWN CREDENZA (TECH OFFICE)
1 OAK COMPUTER STAND
2 OAK PRINTER STANDS
1 KITCHEN TABLE WITH 4 CHAIRS
1 PANASONIC MICROWAVE OVEN
1 ROPER REFRIGERATOR
1 BLACK CABINET
3 STEEL CABINETS
<PAGE> 51
1 TEST COMPUTER
2 TEST BENCHES
2 METAL SHELVES
2 BAR STOOLS
1 BROWN CREDENZA
4 RAND-HELD RADIOS
5 BATTERY CHARGES FOR RADIOS
1 FORT KNOX SAFE
8 KEY CABINETS
2 MAGNER COIN COUNTER
6 COIN BOX CARRIERS
2 TAN STEEL DESKS
1 CUMMINS JET SORT
- ----------------------------------------------------------------
TUCSON:
1 BRANDT COIN COUNTER
1 CUMMINS JET SORTER
1 PANASONIC COPIER
2 PANASONIC PRINTERS
2 COINNET COMPUTERS
4 PANASONIC OFFICE PHONES
1 FILE CABINET
1 CANNON SAFE
2 OFFICE CHAIRS
1 HEWLETT-PACKARD FAX 700
1 FUJITSU FAX
2 DESKS
<PAGE> 52
EXHIBIT "A-6"
PREPAID ITEMS
<PAGE> 53
EXHIBIT A6
PRE-PAID ITEMS
PHOENIX:
SKY HARBOR BUSINESS PARK (RENT) - $3,216.00
TUCSON:
EXCHANGE PLACE (RENT) - $853.63
<PAGE> 54
EXHIBIT A7
EXCLUDED ASSETS
1984 Olds Delta 88 (Vin #IG3AY37YXEM799456)
DAVE WESTFERE'S COMPLETE OFFICE:
DESK
CREDENZA AND HUTCH
BOOKCASE
WRITING DESK
H-P FAX 700
LEATHER LOVESEAT
SPORTS MEMORABILIA
CHAIR
1 COMPUTER
1 H-P SCAN JET
RAMONA WESTFERE'S OFFICE:
1 COMPUTER
1 H-P DESKJET 540 PRINTER
1 EPSON PRINTER
2 FILE CABINETS
1 PANASONIC KX-E500
3 CHAIRS
1 MIRROR
4 PICTURES
ALL FLORAL AND VARIOUS DECORATIONS
1 BOSTON PAPER SHREDDER
I RCA TELEVISION
ALL TOOLS OWNED BY DAVE WESTFERE
ALL HAND-CRAFTED FLORAL ARRANGEMENTS
BUTCHER BLOCK (FROM KITCHEN)
<PAGE> 1
Exhibit 2.2
EXHIBIT "B"
PROMISSORY NOTE
<PAGE> 2
PROMISSORY NOTE
$811,250.00 November 15, 1996 Las Vegas, Nevada
FOR VALUE RECEIVED, Tru-Tel Communications, LLC ("Buyer") promises to pay to the
order of United Payphone Services, Inc. (" "), in lawful money of the United
States of America, the sum of EIGHT HUNDRED ELEVEN THOUSAND TWO HUNDRED
FIFTY
AND NO/1OO DOLLARS ($811,250.00), together with interest thereon from the date
hereof until maturity at a rate of eight percent (8%) per annum, on the unpaid
principal balance, as hereinafter provided.
The principal amount and accrued and unpaid interest on this Promissory Note
(the "Note") shall be payable in sixty (60) installments as follows:
(a) in fifty-nine (59) consecutive monthly installments of FOURTEEN
THOUSAND AND 00/100 DOLLARS ($14,000.00) each, the first such
installment to be due and payable on February 15, 1994, with
like successive installments to be due and payable on the
fifteenth (15th) day of each succeeding month thereafter until
and including December 15, 2001; and thereafter
(b) a final installment in the amount of all outstanding principal
and accrued and unpaid interest shall be due and payable on
January 15, 2002.
All monthly payments shall be applied first to accrued and unpaid interest and
then to the unpaid principal amount of this Note. Interest will be computed for
the actual number of days elapsed at a per them charge based on a three hundred
sixty-five (365) day year.
In addition to, and not in limitation of, the foregoing, Buyer further agrees,
subject only to any limitation imposed by applicable law, to pay all expenses,
including reasonable attorneys' fees and expenses, incurred by the holder of
this Note in endeavoring to collect any amounts payable hereunder which are not
paid when due, whether by acceleration or otherwise.
Upon Buyer's failure to pay all or any installment of the principal amount of
and/or interest on the indebtedness evidenced by this Note when due, the holder
hereof may at its option declare the whole of the same due and payable.
Buyer and any endorser or guarantor hereof waive diligence, presentment,
protest and demand, and also notice of intent to accelerate and of
acceleration, notice of default, notice of protest, demand, dishonor or
nonpayment of this Note, and expressly agree that this Note, or any payment
hereunder, may be extended from time to time one or more times, for like or
difference periods of time, all without in any way affecting the liability of
the Buyer and of any endorser or guarantor hereof.
If any provision of this Note shall be declared invalid, the remainder
thereto shall, nevertheless, remain in full force and effect.
<PAGE> 3
Buyer may prepay this Note in whole or in part, without penalty or fee.
This Note shall be governed by and construed in accordance with the laws of the
State of Nevada exclusive of the conflict of law provisions thereof.
EXECUTED, this 15th day of November, 1996.
TRU-TEL COMMUNICATIONS, LLC
BY:
Quaid Quadri, President & Manager
<PAGE> 1
Exhibit 2.3
EXHIBIT "C"
SECURITY AGREEMENT
SECURITY AGREEMENT
1.) PARTIES TO AGREEMENT
This agreement is entered into between Tru-Tel Communications, L.L.C. (Borrower)
and UnitedPayphone Services, Inc. (Lender)
2.) DATE OF AGREEMENT
Entered in to this 15th day of Novmeber, 1996 at Las Vegas, Nevada.
3.) SECURITY INTEREST OF AGREEMENT
The borrower conveys to the lender a lien and security interest in the
following.
See Attached Exhibit A including approximately Eight hundred Ninety
(890) installed payphones and other equipment.
The security interest and lien include all additons and improvements.
4.) TERMINATION OF AGREEMENT
This agreement terminates when a promissory note for $ Eight hundred Eleven
Thousand Two Hundred Fifty Dollars ($811,250.00) dated on the 15th day of
November, 1996 between the borrower and lender is paid in full.
5.) POSSESSION OF SECURED PROPERTY
The borrower is entitled to maintain possession of the secured property until
the borrower fails to make timely payments on the promissory note described in
Paragraph 3.
6.) CONDITION OF PROPERTY
Borrower agrees to maintain the property in good condition, and agrees to keep
the property free of claims for taxes and repairs and agrees not to misuse the
property. Borrower agrees to use the property strictly according to the laws
of the state of Nevada, where it is located.
7.) INSURANCE ON PROPERTY
Borrower agrees to insure the property against fire, and theft in the amount of
$2,500,000.00 and to provide lender with evidence that the isurance was
obtained.
8.) REPOSSESION OF PROPERTY
If any payment on the promissory note described in Paragraph 4 is more than ten
days late, the lender is entitled to possession of property. Before taking
possession of the property, the lender is required to notify the borrower by
certified mail that the lender intends to repossess the property. The lender
may repossess the property only by nonviolent means. If the borrower refuses
to peaceably give up possession of the property, the borrower may seek a court
order requiring the borrowe to give up possession. In the event that a court
order to relinquish possession is neccessary, the lender is entitled to
recover reasonable attorney's fees.
9.) ADDRESS CHANGES
The borrower agrees to inform the lender within ten days of any change of
address.
In Witness Whereof, I/We have hereunto set my hand/our hands this 15th day of
November, 1996
Tru-Tel Communications, LLc
Signature of the Borrower Signature of the Lender
Quaid Quadri, President & Manager President
Print or type name here Print or type name here
State of Nevada
County of Clark
On this 7th day of November 19 personally appeared before me, a Notary Public
Quaid H. Quadri David S. Westfere
Borrower Lender
personally known before me to be the person whose name(s) is subscribed to the
above instrument who acknowledged that he executed the instrument
Witness my hand and official seal
Notary Public
<PAGE> 2
EXHIBIT "A"
DESCRIPTION OF PURCHASED ASSETS
1. All pay telephones, booths, enclosures, pedestals, signage,
wiring and other personal property on location throughout
Arizona, including, without limitation, all such personal
property located at the locations listed on Exhibit "F" attached
hereto and made a part hereof.
2. All inventory of SELLER, including, without limitation, all pay
telephones, enclosures, booths, pedestals, handsets, coin
mechanisms, signage and all other spare parts utilized in
SELLER's pay telephone business. All of the inventory is
attached hereto as Exhibit A-2 and made a part hereof.
3 . All of SELLER'S service and other motor vehicles, as more
specifically described on Exhibit A-3 attached hereto and made
a part hereof.
4. All of SELLER's rights in and to the written and oral contracts,
arrangements understandings, licenses and privileges with
locations relating to the past, present or future installation,
servicing and/or operation of pay telephones by SELLER, which
location agreements are more particularly described on Exhibit
"'F" attached hereto and made a part hereof.
5. All customer lists related to SELLER's business, including,
without limitation, the customer lists attached hereto as
Exhibit A-4 and/or Exhibit "F".
6. All of SELLER's rights as Tenant under the real property leases
for the office leases in Tucson and Phoenix, Arizona, subject to
the Landlord's written consent (which consent is a condition
precedent to the effectiveness of this Agreement as provided
for in Section 1.8).
7. A list of such personal property is attached hereto as Exhibit
A-5. All software, firmware, hardware or other intellectual
property rights, unless expressly excluded on Exhibit "A-1".
8. All licenses, permits, consents and certificates of any
regulatory, administrative or other governmental agency or body
issued to or held by SELLER necessary or incidental to the
conduct of SELLER's pay telephone business (to the extent that
any of the same are transferrable).
<PAGE> 1
Exhibit 2.4
EXHIBIT "D"
GUARANTY
<PAGE> 2
GUARANTY
Quaid Quadri; Marcella Quadri; Robert L. Hahn and Jan Hahn, jointly and
severally, do hereby unconditionally guarantee to United Payphone Services, Inc.
("UPS"), and any debtor-in possession or trustee in bankruptcy which succeeds to
the interest of UPS, will fully and promptly perform, pay, and discharge all of
its present and future obligations to UPS under that certain Promissory Note,
dated November 15, 1996, in the original principal Amount of $811,250.00,
executed by Tru-Tel Communications, LLC ('Tru-Tel") and payable to the order of
UPS (the "Note"), together with all accrued and unpaid interest thereon at the
rate set forth in the Note; and agrees without UPS first having to proceed
against TruTel or to liquidate any security therefor, to pay on demand all sums
due and to become due UPS from Tru-Tel under the Note and all costs, attorneys'
fees or expenses which may be suffered or incurred by UPS by reason of Tru-Tel's
default or the default of the undersigned.
The undersigned agree that, subject to the provisions of the Note, the liability
assumed hereunder is primary, direct, unconditional and enforceable without
prior resort to Tru-Tel or to any security or to the obligation of any
co-guarantor or any other person held by UPS, and it shall not be affected by
any forbearance, extension of time or payment, settlement, composition,
release or modification, express or implied, of any of the obligations hereby
guaranteed, made by or entered into by UPS with Tru-Tel or with the undersigned
or with any co-guarantor or any other person, firm or corporation, or by any
release, substitution or alteration of any security or co-guarantor therefor
permitted by UPS.
This Guaranty (herein referred to as the "Guaranty") is intended to be, and it
is, a continuing Guaranty and shall continue in force for the life of said Note
and until payment of all debts and liabilities and performance of all
obligations hereunder have been completed. The liability of the undersigned
hereunder shall be reinstated and revived, and the rights of UPS shall continue,
with respect to any amount at any time paid on account of the indebtedness
guaranteed hereby, which shall thereafter be required to be restored or returned
by UPS upon the bakruptcy, insolvency or reorganization of Tru-Tel,. all as
though such amount had not been paid.
The undersigned hereby waive notice of acceptance hereof and of presentment,
demand, protest and notice of nonpayment or protest as to any note or
obligations signed, accepted, endorsed or assigned to UPS by Tru-Tel. UPS may,
without notice to the undersigned, renew or extend any obligations of Tru-Tel or
of co-guarantors, may accept partial payments thereon or settle, release by
operation of law or otherwise, compound, compromise, collect or otherwise
liquidate any such obligations, and/or security therefor, in any manner, consent
to the release or transfer of such security and bid and purchase at any sale,
without affecting or impairing the obligation of the undersigned hereunder.
The liability of the undersigned hereunder shall not be modified in any manner
whatsoever by any extension that may be granted to Tru-Tel by any court in any
proceeding under the Bankruptcy Code or any amendments thereof and the
undersigned expressly waives the benefit of any such extension.
<PAGE> 3
The undersigned agree that they shall be and remain fully liable under this
Guaranty and this Guaranty shall remain in full force and effect, whether or not
Tru-Tel is a joint venture, or whether Tru-Tel changes its status, ownership,
composition, personnel, name, or location.
The undersigned hereby waive notice of acceptance of said agreements or of this
Guaranty and waives demand of payment, notice of default, notice of
acceleration, notice of intention to accelerate, notice of protest or dishonor
of or upon any and all obligations hereby guaranteed and notice of amendment or
modification of any such obligation.
The undersigned hereby agree that the terms, conditions, and covenants of this
Guaranty cannot be limited or amended without UPS's written consent.
THE UNDERSIGNED HEREBY AGREE THAT THIS GUARANTY SHALL BE CONSTRUED AND
GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEVADA. ALL PARTIES TO THIS
GUARANTY HEREBY CONSENT TO THE EXCLUSIVE JIURISDICTION OF THE EIGHTH JUDICIAL
DISTRICT, CLARK COUNTY, NEVADA FOR PURPOSE OF SETTLING ANY DISPUTES ARISING
FROM THIS GUARANTY.
<PAGE> 4
SIGNATURE PAGE TO GUARANTY
IN WITNESS WHEREOF, the undersigned has executed this Guaranty as of the 15th
day of November, 1996.
QUAID OUADRI
MARCELLA QUADRI
ROBERT L. HAHN
JAN HAHN
<PAGE> 1
Exhibit 2.5
EXHIBIT "E"
BILL OF SALE
In consideration of $2,500,000 and other good and valuable consideration
the receipt and sufficiency of which are hereby acknowledged, United
Payphone Services, Inc. ("SELLER"), hereby grants, bargains, sells and
conveys unto Tru-Tel Communications, LLC ("BUYER"), the property
described on Exhibit Aattached hereto and made a part hereof, now in
possession and control of SELLER (the "Purchased Assets").
SELLER represents and warrants to BUYER that SELLER has good and
marketable title to all of the Purchased Assets and none of such
properties or assets is subject to any security interests, mortgages,
encumbrances, liens or charges of any kind or character.
SELLER does hereby covenant and agree to warrant and defend the Purchased
Assets against the lawful claims of every person and persons whomsoever.
EXECUTED effective as of the 15th day of November, 1996.
UNITED PAYPHONE SERVICES, INC.
BY:
David Westfere, President
STATE OF
COUNTY OF
On before me personally appeared David Westfere, known to me to
be the individual described in and who executed the foregoing instrument
and acknowledged the he executed it.
In witness whereof, I have hereunto signed my name and affixed my seal the day
of November, 1996.
Notary Public
My commission expires:
<PAGE> 2
BILL OF SALE
In consideration of $2,500,000 and other good and valuable consideration
the receipt and sufficiency of which are hereby acknowledged, United
Payphone Services, Inc. ("SELLER"), hereby grants, bargains, sells and
conveys unto Tru-Tel Communications, LLC ("BUYER"), the property d
escribed on Exhibit A attached hereto and made a part hereof, now in
possession and control of SELLER (the "Purchased Assets").
SELLER represents and warrants to BUYER that SELLER has good and
marketable title to all of the Purchased Assets and none of such
properties or assets is subject to any security interests, mortgages,
encumbrances, liens or charges of any kind or character.
SELLER does hereby covenant and agree to warrant and defend the Purchased
Assets against the lawful claims of every person and persons whomsoever.
EXECUTED effective as of the 15th day of November, 1996.
UNRMD PAYPHONE SERVICES, INC.
BY:
David Westfere, President
STATE OF
COUNTY OF
On November 7, 1996 before me personally appeared David Westfere,
known to me to be the individual described in and who executed the
foregoing instrument and acknowledged the he executed it.
In witness whereof, I have hereunto signed my name and affixed my seal the 7th
day of November, 1996.
Notary Public
My commission expires:
March 8, 1998
<PAGE> 3
EXHIBIT "F"
LOCATION AGREEMENTS
Page No. 1
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
602 216-9942 JAVA CENTRALE 08/16/96 08/16/06
602 232-9902 ELENA'S CAFE 04/26/95 04/26/05
602 233-0128 PAYLESS CASHWAY 07/17/95 07/17/97
602 233-2580 RAINBOW DONUT 12/03/90 12/03/00
602 233-3192 MCDONALD'S #5455 07/26/93 07/26/03
602 235-9530 FILIBERTO'S 07/20/94 07/20/04
602 235-9802 KYOTO BOWL #3 04/04/95 04/04/05
602 235-9807 TUNEUP MASTERS #624 03/05/93 03/05/03
602 235-9829 MCDONALD'S 07/28/93 07/28/03
602 235-9830 MCDONALD'S 07/28/93 07/28/03
602 235-9888 FILIBERTO'S 07/20/94 07/20/04
602 235-9895 15TH AVENUE LAUNDROMAT 09/13/94 09/13/99
602 235-9910 MCDONALD'S #3571 04/25/96 04/25/99
602 235-9922 MCDONALD'S #7816 04/25/96 04/25/99
602 240-9948 JACK IN THE BOX 08/04/95 08/04/05
602 240-9982 JACK IN THE BOX 08/04/95 08/04/05
602 243-5501 ARC THRIFT TOWN 08/18/92 08/18/02
602 243-7059 FEDERICO'S BILLIARDS 02/28/91 02/28/01
602 243-7549 HI DREAM'S 05/08/92 05/08/02
602 244-0067 LAUNDRY BAG 12/05/90 12/05/00
602 245-8907 MCDONALD'S 11/15/93 11/15/03
602 245-8908 MCDONALD'S 11/15/93 11/15/03
602 245-8909 DIRECT MARKETING 09/04/96 09/04/02
602 245-8910 DIRECT MARKETING 09/04/96 09/04/02
602 245-8911 DIRECT MARKETING 09/04/96 09/04/02
602 247-5812 MCDONALD'S 11/15/93 11/15/03
602 247-7873 LONG JOHN SILVER'S #54 07/14/94 07/14/04
602 248-9509 CONVENIENCE STATION ONE 02/13/95 02/13/03
602 248-9511 CONVENIENCE STATION ONE 02/13/95 02/13/03
602 248-9542 JOE'S LIQUOR 05/25/93 05/25/03
602 248-9572 PETER PIPER PIZZA #119 06/08/93 06/08/03
602 248-9652 MANUEL'S #8 12/04/95 12/04/05
602 248-9662 CONVENIENCE STATION ONE 02/13/95 02/13/03
602 248-9664 Q LUBE #1130 12/15/93 12/15/03
602 248-9694 MCDONALD'S #7835 09/21/94 09/21/97
602 249-9301 DENNIS PRO TECH UNOCAL7611/23/94 11/23/04
602 249-9360 ARBY'S 06/12/93 06/12/03
602 249-9387 PARKS MOBILE 09/22/94 09/22/04
602 249-9389 CMMCH'S CHICKEN #840 08/30/93 08/30/03
602 249-9464 PARKS MOBILE 09/22/94 09/22/04
602 249-9467 ASTRO AUTOMOTIVE 08/30/94 08/30/04
602 249-9470 MCDONALD'S #12439 09/21/94 09/21/97
602 249-9471 MCDONALD'S #12439 09/21/94 09/21/97
602 249-9493 ISBERTO'S 06/15/95 06/15/05
602 249-9910 MIDAS MUFFLER 12/24/92
602 249-9986 ECONO LUBE n' TUNE #126 04/30/93 04/30/03
602 252-9942 THE WASHOUSE 09/04/92 09/07/97
602 253-9876 RUDY ANAYA REALTY 04/26/95 04/26/05
602 253-9890 LOS OLIVOS HAND CAR WASH07/29/93 07/29/03
<PAGE> 4
Page No. 2
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
602 253-9893 CHURCH'S CHICKEN #681 08/30/93 08/30/03
602 253-9894 CHURCH'S CHICKEN #1047 08/30/93 08/30/03
602 254-2257 ECONOMY INN 08/08/92 08/08/02
602 254-2359 CHICO'S PLACE 08/07/92 08/07/02
602 254-4394 WINCHELL'S DONUTS #302 01/25/90 01/25/00
602 256-9097 MONTE VISTA LIQUORS 06/01/93 06/01/03
602 256-9098 MCDONALD'S 07/28/93 07/28/03
602 256-9792 HERNANDEZ TIRE CO. 05/02/93 05/02/03
602 256-9798 MCDONALD'S 07/28/93 07/28/03
602 256-9859 WASH & DRY 12/01/95 12/01/05
602 256-9860 WASH & DRY 12/01/95 12/01/05
602 256-9884 MCDONALD'S 05/17/96 05/17/99
602 256-9885 MCDONALD'S 05/17/96 05/17/99
602 256-9965 THE WASHOUSE 09/04/92 09/04/97
602 256-9975 MCDONALD'S 06/12/95 06/12/05
602 256-9983 MCDONALD'S 06/12/95 06/12/05
602 257-1838 ORFEON CLUB 03/07/91 03/07/01
602 257-7531 THE WASHOUSE 09/04/92 09/04/97
602 262-0537 GOLDEN MOON 09/23/94 09/23/04
602 262-5425 BUFFALO BROWNS 10/05/94 10/05/04
602 262-5429 HALLS MOTEL 10/10/94 12/15/04
602 262-5436 ARBYS 11/14/94 11/14/04
602 262-9800 THE WASHOUSE 09/04/92 09/04/97
602 262-9856 B & R LIQUORS 02/08/95 02/08/05
602 263-5684 THE WASHOUSE 09/04/92 09/04/97
602 263-8474 THE WASHOUSE 09/04/92 09/04/97
602 263-9843 MCDONALD'S #7835 09/21/94 09/21/97
602 263-9862 AHO ALS #3 04/13/95 04/13/05
602 263-9882 VILLA CONTENDA 09/14/90 09/14/00
602 263-9940 A-1 LIQUORS 06/02/93 06/02/03
602 263-9941 CELEBRITY DRY CLEANERS 06/07/93 06/07/03
602 265-0808 MCDONALD'S #3511 09/21/94 09/21/97
602 265-0809 MCDONALDIS #3511 09/21/94 09/21/97
602 267-9091 SAGUARO MOBIL HOME PARK 12/02/94 12/02/04
602 267-9983 NAVAHO TRAILER PARK 11/07/94 11/07/04
602 268-2472 RIVERBOTTOM LOUNGE 09/01/90 09/01/00
602 268-3036 EL TACAZO 08/09/94 08/09/04
602 268-3138 SOUTH MOUNTAIN PLAZA 07/24/92 07/24/02
602 268-6735 CHUY'S JEWELRY 08/29/90 08/29/00
602 268-9791 DUNKIN DONUTS 08/07/92 08/07/02
602 268-9810 RUDY ANAYA REALTY 04/26/95 04/26/05
602 268-9855 CHURCH'S CHICKEN #841 08/30/93 08/30/03
602 268-9859 CHMCHIS CHICKEN #675 08/30/93 08/30/03
602 268-9878 ARBY'S 10/28/93 10/28/03
602 268-9881 U- PULL IT 04/26/95 04/26/05
602 268-9886 OLD REDDY'S CORNER LIQUOR11/22/93 11/22/99
602 268-9978 HOT)GE'S CARWASH 06/03/93 06/03/03
602 269-8221 CAPNICERIA EL CAMINO 07/25/90 07/25/00
602 269-9906 BEST TIRE CO. 04/01/93 04/01/03
<PAGE> 5
Page No. 3
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
602 269-9971 EL COMAL 08/09/94 08/09/04
602 272-6073 TIENDA LA MEXICANA 08/23/90 08/23/00
602 272-7484 TAQUERIA 3 AMIGOS 08/17/90 08/17/00
602 272-8934 WESTERN TOWING 03/24/93 03/24/03
602 274-7918 MOE'S LIQUOR 01/19/90 01/19/98
602 275-1035 HONEY BEARS BAR BQ 10/25/90 10/25/00
602 275-6980 LUBO'S ACE HARDWARE 09/13/90 09/13/00
602 276-0842 COTTAGE LIQUOR 05/26/93 05/26/03
602 276-3911 LAS GLORIAS 08/17/90 08/17/00
602 276-4213 WASH & CLEAN 06/05/93 06/05/03
602 276-4619 THE WASHOUSE 09/04/92 09/04/97
602 276-6405 TUNEUP MASTERS #605 11/10/92 11/10/02
602 276-9920 BURGER KING #9867 08/14/96 08/14/06
602 278-0319 SAM'S CONVENIENT MART 08/07/92 08/07/02
602 278-0340 SAM'S CONVENIENT MART 08/07/92 08/07/02
602 278-0904 THE WASHOUSE 09/04/92 09/07/97
602 278-6486 THE WASHOUSE 09/04/92 09/04/97
602 278-6541 THE WASHOUSE 09/04/92 09/04/97
602 278-9032 THOMAS DRIVE-THRU LIQUORS 07/09/93 07/09/03
602 278-9047 MCDONALD'S #5455 07/26/93 07/26/03
602 278-9053 CHURCHTS CHICKEN #670 08/30/93 08/30/03
602 278-9825 MCDONALD'S #10839 09/21/94 09/21/97
602 278-9826 MCDONALI)'S #10839 09/21/94 09/21/97
602 278-9844 SUNSET HARBOR MOTEL 08/01/94 08/01/04
602 278-9845 TRAIL INN LODGE 08/02/94 08/02/04
602 278-9848 BLUE PALM TRAILER COURT 08/12/94 08/12/04
602 278-9859 MERCADITO PLAZA 09/20/94 09/20/04
602 278-9874 MCDOWELL EXXON 08/29/94 08/29/04
602 278-9879 MCDOWELL EXXON 08/29/94 08/29/04
520 282-8103 SEDONA AIRPORT RESTAURANT03/28/94
520 282-8111 ARTISAN'S GUILD 03/02/95 03/02/05
520 282-8112 ARTISAN'S GUILD 03/02/95 03/02/05
520 282-8113 RAINBOW'S END RESTAURANT08/29/94 08/29/04
520 282-8114 FRIENDLY BOB'S 03/06/95 03/06/05
520 282-8136 RAINBOW'S END RESTAURANT08/29/94 08/29/04
520 282-8139 KENTUCKY FRIED CHICKEN 12/14/94 12/14/04
520 282-8145 SEDONA CHEVRON 01/27/95 01/27/05
520 282-8147 WRENWOOD BAR 03/07/95 03/07/05
520 282-9872 COWBOY CLUB 04/27/95 04/27/97
520 284-9980 CASTLE ROCK PLAZA 01/30/95 01/30/05
520 284-9982 THE VILLAGE PUB 03/07/95 03/07/05
520 284-9986 CASTLE ROCK PLAZA 03/07/95 03/07/05
520 286-9946 PINEWOOD CHEVRON SERVICE08/23/94 08/23/04
520 286-9947 PINEWOOD CHEVRON SERVICE08/23/94 08/23/04
602 304-9843 7TH STREET BEAUTY SUPPLY05/17/95 05/17/05
602 304-9845 ISOM'S PLACE APARTMENTS 07/28/95 07/28/05
602 304-9846 SOUTH CENTRAL PLAZA 07/22/95 07/22/05
602 304-9848 TOMBSTONE RESTAURANT 07/12/95 07/12/05
602 304-9853 SOUTHERN ACRES MHP 08/23/95 08/23/05
<PAGE> 6
Page No. 4
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
602 304-9854 DOLLAR STORE 08/15/95 08/15/05
602 345-6704 DESERT DONUTS 08/01/93 08/01/03
602 345-7922 MARICOPA COUNTY HOUSING 03/22/91 03/22/01
602 352-8909 PIZZA HUT 11/01/95 11/01/98
602 352-8951 CARL'S JR. 02/21/94 02/21/04
602 352-8952 CARL'S JR. 02/21/94 02/21/04
602 352-8953 CARL'S JR. 02/21/94 02/21/04
602 375-1808 PETER PIPER PIZZA #82 11/01/92
602 380-9006 MARICOPA COUNTY HOUSING 03/22/91 03/22/01
602 392-0087 AIRPORT BUSINESS PARK 08/10/92 08/10/02
602 396-3566 APACHE SQUARE (DONUT) 11/01/92
602 396-6688 JACK IN THE BOX 10/18/89 10/18/99
602 404-9022 ROADRUNNER CARWASH 05/27/93 05/27/03
602 404-9818 ECONO LUBE N' TUNE 01/29/96 01/29/06
602 404-9819 ROLBERTO'S 01/30/96 01/30/06
602 404-9823 MCDONALD'S #06085 11/05/93 11/05/03
602 404-9824 MCDONALD'S #11346 11/05/93 11/05/03
602 404-9863 MCDONALD'S #06085 11/05/93 11/05/03
602 404-9864 MCDONALD'S #11346 11/05/93 11/05/03
602 404-9866 MOBIL OIL #18AYM 01/31/95 01/31/97
602 404-9894 MCDONALD'S 08/03/94 08/03/02
602 404-9895 MOBIL OIL #18AYM 01/31/95 01/31/97
602 404-9896 KYOTO BOWL 11/16/94 11/17/04
602 404-9908 FILIBERTO'S #11 01/13/95 01/13/05
602 412-3488 ARBY'S 04/30/93 04/30/03
602 412-9962 PAYLESS CASHWAY 07/17/95 07/17/97
602 412-9967 KYOTO BOWL #11 07/19/95 07/19/05
602 415-9745 THE WASHOUSE 09/04/92 09/01/97
602 415-9757 SHADY ELMS TRAILER PARK 05/08/95 05/08/05
602 415-9760 PAWN SHOP PLAZA 05/18/95 05/18/05
602 433-2346 WINCHELL'S DONUTS #380 01/25/90 01/25/00
602 435-8024 CHURCH'S CHICKEN 07/27/94 07/27/04
602 435-8025 GOLDEN DRAGON 02/05/96 02/G5/06
602 435-8029 MANISTEE MALL (EAST) 06/20/96 06/20/06
602 435-8032 TACO BELL 08/18/92 08/18/02
602 435-8035 TOM'S 13AR B Q 10/22/93 10/22/03
602 435-8037 OLIVE SQUARE EXXON 08/11/94 08/11/99
602 435-8038 OLIVE SQUARE EXXON 08/11/94 08/11/99
602 435-8046 GREEN BRIAR APARTMENTS 08/24/95 08/24/05
602 435-8049 PIZZA HUT 11/01/95 11/01/98
602 435-8070 MCDONALD'S 03/02/94 03/02/04
602 435-8099 SOUTH CHINA BUFFET 03/29/96 03/29/06
602 435-8822 MCDONALD'S #1440 04/25/96 04/25/99
602 435-8833 MANISTEE MALL (WEST) 06/20/96 06/20/06
602 435-8882 MANISTEE MALL (NORTH) 06/20/96 06/20/06
602 438-1501 ARBY'S 06/07/93 06/07/03
602 439-9333 ARBY'S 09/16/94 09/16/04
602 439-9351 IRONWORKS RESTAURANT 01/05/95 01/05/05
602 439-9680 BELLAIR GOLF COURSE,INC.01/11/95 01/11/05
<PAGE> 7
Page No. 5
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
602 439-9708 MIDAS MUFFLER 12/24/92
602 439-9743 CHURCH'S CHICKEN #679 08/30/93 08/30/03
602 439-9764 COUNTRY CLEAN 06/05/95 06/05/05
602 443-0638 TACO BELL #5030 05/15/94 05/15/97
602 443-9813 MCDONALD'S #4442 11/22/93 11/22/03
602 443-9814 MCDONALD'S #11120 11/22/93 11/22/03
602 443-9815 HOME DEPOT #0457 12/16/94 12/16/98
602 443-9826 TACO BELL #5030 05/15/94 05/15/97
602 443-9828 TACO BELL #3706 05/15/94 05/15/97
602 443-9829 TACO BELL #4475 05/15/94 05/15/97
602 443-9830 COFFEE PLANTATION 04/05/95 04/05/05
602 443-9831 PAVILLION UNOCAL 03/08/95 03/08/02
602 443-9841 PAVILLION UNOCAL 03/08/95 05/08/02
602 443-9845 JACK IN THE BOX 09/13/93 09/13/03
520 445-9023 PETER PIPER PIZZA #35 07/13/93 07/13/03
602 460-9882 BURGER KING #9316 08/08/95 08/08/05
602 461-3272 DUNKIN DONUTS 07/15/94 07/15/04
602 464-4824 ROL13ERTO'S TACO SHOP 03/08/95 03/08/05
602 468-0718 TACO BELL 08/18/92 08/18/02
602 468-9804 HOME DEPOT #0463 12/16/94 12/16/98
602 468-9819 HOME DEPOT #0463 12/16/94 12/16/98
602 468-9824 HOME DEPOT #0463 12/16/94 12/16/98
520 472-6188 WENDY'S 10/31/94 10/31/04
520 472-6388 LA CASA PEQUENA 10/26/94 02/20/04
520 474-9073 MAZATZAL CASINO 10/21/94 10/21/04
520 474-9074 MAZATZAL CASINO 10/21/94 10/21/04
520 474-9075 MAZATZAL CASINO 10/21/94 10/21/04
520 474-9076 MAZATZAL CASINO 10/21/94 10/21/04
520 474-9877 CHARLESTON MOTOR INN 10/25/94 10/25/04
520 474-9897 PAYSON BOWL 10/25/94 10/25/04
520 474-9965 MAZATZAL CASINO 10/21/94 10/21/04
520 474-9967 MAZATZAL CASINO 10/21/94 10/21/04
520 474-9976 MAZATZAL CASINO 10/21/94 10/21/04
602 481-9416 MALEE'S THAI GOURMET 10/10/91 10/10/01
602 482-2014 CARL'S JR. #7091 12/09/93 12/09/03
602 483-1663 HOME DEPOT #0457 12/16/94 12/16/98
602 483-7348 HOME DEPOT #0457 12/16/94 12/16/98
602 483-9862 COFFEE PLANTATION #125 10/03/95 10/03/05
602 484-7044 CHARLIE'S PLACE 08/17/90 08/17/00
602 484-9850 BURGER SHOPPE #2 08/10/94 08/10/04
602 484-9858 REYES UPHOLSTERY 02/06/95 02/06/05
602 484-9877 FRED'S GROCERY 05/18/95 05/18/05
602 484-9882 FRED'S GROCERY 05/18/95 05/18/05
602 486-1694 HOME DEPOT #0459 12/16/94 12/16/98
602 486-1733 HOME DEPOT #0459 12/16/94 12/16/98
602 487-9919 MIKE'S MARKET 10/04/96 10/04/06
602 491-0196 TOM'S BAR B Q 08/12/92 08/12/02
602 491-6478 RURAL ROAD LIQUOR 08/21/92 08/21/02
602 493-5913 HOME DEPOT #0460 12/16/94 12/16/98
<PAGE> 8
Page No. 6
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
602 493-7521 HOME DEPOT #0460 12/16/94 12/16/98
602 494-3925 ARBY'S 10/05/93 10/05/03
602 494-5678 CHURCH'S CHICKEN #862 08/30/93 08/30/03
602 494-7576 CARL'S JR. #7093 12/09/93 12109103
602 496-9893 MCDONALD'S 11/06/93 11/06/01
602 496-9984 TACO BELL #016652 12/06/94 12/06/02
602 504-9935 BELL RD & 1-17 EXXON 08/11/94 08111199
602 504-9936 BELL RI) & I-17 EXXON 08/11/94 08/11/99
602 504-9957 HOME DEPOT #0468 12/16/94 12/16/98
602 504-9958 HOME DEPOT #0468 12/16/94 12/16/98
602 504-9959 HOME DEPOT #0468 12/16/94 12/16/98
602 504-9972 MANUEL'S #6 05/02/95 05/02/05
602 516-9807 T.J. HANNIGANIS 08/03/95 08/03/05
602 516-9898 TACO BELL #016549 12/06/94 12/06/02
520 525-8004 MOUNTAINAIRE STORE 08/23/94 08/23/04
520 525-8005 MOUNTAINAIRE TAVERN 10/12/94 10/12/04
520 526-9735 PICQUIC FOOD STORE #101 01/12/96 01/12/06
520 526-9741 PICQUIC FOOD STORE #101 01112196 02112106
520 526-9767 ARBY'S 08/04/94 08/04/02
520 526-9769 GLENNS UNOCAL 76 08/09/94 08/09/04
602 545-9907 MCDONALD'S 08/14/96 06/14/06
602 553-9933 MCDONALD'S #1403 04/25/96 04/25/99
602 553-9939 32ND STREET LAUNDROMAT 11/17/93 11/17/98
602 553-9975 JUAN VIZEARRA APT. COMPLEX08/25/94 08/25/04
602 561-9936 BURGER KING #9242 05/26/95 05/26/05
602 566-9710 CAMPBELL MERCANTILE 10/24/96 10/24/98
602 566-9711 CAMPBELL MERCANTILE 10/24/96 10/24/98
520 567-2669 TACO BELL #4240 05/15/94 05/15/97
520 567-2673 TACO BELL #4240 05/15/94 05/15/97
520 567-3415 CAMP VERDE EXXON 09/25/93 09/25/03
520 567-3517 OUTPOST MALL 09/21/93 09/21/03
520 567-3523 OUTPOST MALL 09/21/93 09/21/03
602 583-9197 PETER PIPER PIZZA #139 07/08/93 07/08/03
602 589-9836 FILIBERTO'S 05/18/94 05/18/04
602 604-9821 MCDONALD'S #18959 05/17/96 05/17/99
602 604-9826 MCDONALD'S 05/17/96 05/17/99
520 632-9002 FLICKS & SUBS 01/12/95 01/12/05
520 632-9024 MAYER MARKET 09/05/96 09/05/02
520 634-0859 PETER PIPER PIZZA 09/14/93 09/14/03
520 634-7110 SHEP'S LIQUORS 09/01/93 09/01/03
520 634-7203 KENTUCKY FRIED CHICKEN 09/09/93 09/09/03
520 639-0633 SOSSA'S DELI 09/17/93 09/17/03
520 639-0658 SOSSA'S DELI 09/17/93 09/17/03
520 639-1205 BURGER KING 07/23/93 07/23/03
520 639-2262 TACO BELL #3805 05/15/94 05/15/97
602 650-1362 MIKE ARNOLD'S 76 02/06/95 02/06/02
602 650-1363 MIKE ARNOLD'S 76 02/06/95 02/06/02
602 661-8607 TACO BELL #017331 08/04/95 08/04/03
602 661-8609 MCDONALD'S #11075 11/22/93 11/22/03
<PAGE> 9
Page No. 7
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
602 661-8612 TACO BELL #017331 08/04/95 08/04/03
602 661-8617 MCDONALD'S #11075 11/22/93 11/22/03
602 661-8635 TACO BELL #016938 03/27/95 03/27/03
602 661-8636 TACO BELL #016938 03/27/95 03/27/03
602 681-9914 CARL'S JR. #7092 12/09/93 12/09/03
602 681-9938 HIGHLANDER CENTER LAUNDRY08/26/94 08/26/04
602 681-9952 BURGER KING #9258 09/19/95 09/19/05
520 684-9854 ARBY'S 04/24/95 04/24/05
520 717-1286 TACO BELL #5684 07/13/93 07/13/03
602 732-9617 SUN SHINE VALLEY MHP 08/11/92 08/11/02
602 736-9965 BURGER KING 09/10/96 09/10/06
602 756-0257 FIESTA CHEVRON 09/27/90 09/27/00
602 756-0259 FIESTA CHEVRON 09/27/90 09/27/00
602 759-8810 MCDONALD'S 07/28/93 07/28/03
602 759-8830 TACO BELL #016241 09/29/93 09/29/03
602 759-8855 BURGER KING #8787 01/01/95 01/01/05
602 759-8882 ARBY'S 08/24/94 08/24/04
520 771-1704 GAS PLUS 06/09/95 06/09/05
520 771-2458 GAS PLUS 06/09/95 06/09/05
520 771-2553 DELUXE LIQUORS 09/10/93 09/10/03
520 771-2588 BENNETT EXXON 10/14/93 10/14/03
520 771-2590 THE OTHER STORE 09/27/93 09/27/03
520 771-2591 THE OTHER STORE 09/27/93 09/27/03
520 771-2653 DEMING CHEVRON 09/27/93 09/27/03
520 771-2657 THUMB BUTTE EXXON 10/05/93 10/05/03
520 772-9597 BENNETT OIL 10/14/93 10/14/03
520 772-9784 PIZZA HUT 04/13/96 04/13/06
520 772-9979 TACO BELL #3915 07/13/93 07/13/03
520 772-9980 BURGER KING 07/23/93 07/23/03
520 772-9984 DAIRY QUEEN 07/20/94 07/20/04
520 776-1391 BURGER KING 07/23/93 07/23/03
520 776-1683 TACO DONS 03/30/94 03/30/04
520 776-7115 TACO BELL 07/19/93 07/19/03
520 776-8673 COUNTRY KITCHEN 07/19/93 07/19/03
520 778-5963 WILLOW CREEK MARKET 07/13/93 07/13/03
520 778-7209 SONIC DRIVE IN 08/09/94 08/09/04
520 778-7833 CARL'S JR. 08/01/94 08/01/04
520 779-9043 PICQUIC FOOD STORE #100 01/12/96 01/12/06
520 779-9053 PICQUIC FOOD STORE #100 01/12/96 01/12/06
520 779-9069 PICQUIC FOOD STORE #100 01/12/96 01/12/06
520 779-9072 RAMADA LIMITED 08/01/94 08/01/04
520 779-9803 PICQUIC FOOD STORE #100 01/12/96 01/12/06
520 779-9806 CARL'S JR. 08/01/94 08/01/04
520 779-9809 ARBY'S 08/04/94 08/04/02
602 780-9907 APSM/JIT 01/20/95 01/20/05
602 780-9910 APSM/JIT 01/20/95 01/20/05
602 789-9185 LONG JOHN SILVER'S #55 07/14/94 07/14/04
602 804-9811 SOUTH SMITH APARTMENTS 08/31/94 08/31/04
602 804-9815 DEVIL WASH 08/24/94 08/24/04
<PAGE> 10
Page No. 8
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
602 804-9830 TEMPE BOWL 01/26/95 01/26/03
602 804-9838 CHICAGIES 02/02/95 02/02/05
602 804-9839 DAIRY QUEEN 01/30/95 01/30/05
602 804-9841 SUPER 8 MOTEL 02/02/95 02/02/05
602 804-9843 MURPH'S FOOD MART 03/13/95 03/13/00
602 804-9844 MURPH'S FOOD MART 03/13/95 03/13/00
602 804-9883 JACK IN THE BOX 08/04/95 08/04/05
602 804-9884 JACK IN THE BOX 08/04/95 08/04/05
602 807-8809 MCDONALD'S 03/25/94 03/25/04
602 807-8840 BEST WESTERN 06/22/94 06/22/04
602 807-8846 LAS PALMAS (OUTSIDE) 10/11/95 10/11/05
602 807-8847 LAS PALMAS (INSIDE) 10/11/95 10/11/05
602 807-9219 ARBY'S #1261 03/27/95 03/27/05
602 807-9227 FILIBERTO'S #12 04/18/95 04/18/05
602 807-9229 BURGER KING #8914 04/25/95 04/25/05
602 807-9249 FUDDRUCKER'S 03/01/96 03/01/98
602 812-9941 KYOTO BOWL #1 07/19/95 07/19/05
602 812-9973 HOME DEPOT #0470 12/16/94 12/16/98
602 812-9974 HOME ]DEPOT #0470 12/16/94 12/16/98
602 812-9975 HOME DEPOT #0470 (BREAK)12/16/94 12/16/98
602 813-9807 TACO BELL #17364 08/09/95 08/09/05
602 813-9810 TACO BELL #2675 09/29/93 09/29/03
602 813-9842 COFFEE PLANTATION #135 10/03/95 10/03/05
602 813-9848 KYOTO BOWL #12 07/19/95 07/19/05
602 815-1095 FILIBERTO'S 07/20/94 07/20/04
602 816-9850 EAGLE MOUNTAIN GOLF CLUB10/25/95 10/25/05
602 816-9851 EAGLE MOUNTAIN GOLF CLUB10/25/95 10/25/05
602 829-9906 ICC CENTER 09/08/95 09/08/05
602 829-9908 JERRY'S DRIVE IN LIQUORS05/25/93 05/25/01
602 829-9944 JACK IN THE BOX 09/13/93 09/13/03
602 829-9945 JACK IN THE BOX 09/13/93 09/13/03
602 829-9961 MCDONALD'S 11/08/93 11/08/03
602 829-9962 MCDONALD'S 11/08/93 11/08/03
602 829-9969 KYOTO BOWL #6 07/19/95 07/19/05
602 829-9988 FILIBERTO'S 02/18/94 02/18/04
602 831-1742 EL TAQUITO 08/17/92 08/17/02
602 831-9736 DAIRY QUEEN 01/26/95 01/26/05
602 831-9796 MCDONALD'S 03/25/94 03/25/04
602 831-9842 MCDONALD'S 03/25/94 03/25/04
602 831-9954 CHURCH'S CHICKEN #846 08/30/93 08/30/03
602 831-9960 MCDONALD'S 03/25/94 03/25/04
602 831-9976 MCDONALD'S 03/25/94 03/25/04
602 832-0365 HOME DEPOT #0456 12/16/94 12/16/98
602 832-0687 ROME DEPOT #0456 12/16/94 12/16/98
602 832-9859 MCDONALD'S 03/25/94 03/25/04
602 832-9869 CARL'S JR. #830 02/18/94 02/18/04
602 832-9904 MCDONALD'S 03/25/94 03/25/04
602 832-9972 PETER PIPER PIZZA #57 07/07/93 07/07/03
602 833-8242 DARBY'S RESTAURANT 03/14/95 03/14/05
<PAGE> 11
Page No. 9
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
602 833-8257 DARBY'S RESTAURANT 03/14/95 03/14/05
602 833-8653 CARL'S JR. #828 02/18/94 02/18/04
602 833-9009 MCDONALD'S 07/16/93 07/16/03
602 833-9759 SUPERMAT 5 03/21/95 03/21/05
602 833-9845 SUN VALLEY MOTEL 02/15/95 02/15/05
602 833-9859 HOME DEPOT #0461 12/16/94 12/16/98
602 833-9882 PAYLESS CASHWAY 07/17/95 07/17/97
602 833-9973 HOME DEPOT #0461 12/16/94 12/16/98
602 834-8154 LTACK IN THE BOX 10/18/89 10/18/99
602 834-8887 BROADWAY & GILBERT EXXON 02/03/95 02/03/98
602 834-8889 BROADWAY & GILBERT EXXON 02/03/95 02/03/96
602 835-8015 FILIBERTO'S 07/20/94 07/20/04
602 835-8020 HOME DEPOT #0461 12/16/94 12/16/98
602 835-8024 ARBY'S 03/05/96 03/05/06
602 835-8036 CHURCH'S CHICKEN #37308/30/93 08/30/03
602 835-8053 TACO BELL #1925 09/29/93 09/29/03
602 835-8054 JACK IN THE BOX 09/13/93 09/13/03
602 835-8079 BELLVIEW PALMS 08/31/94 08/31/04
602 835-8085 PIMA MEDICAL INSTITUTE08/18/94 08/18/04
602 835-8113 CARL'S JR. #828 02/18/94 02/18/04
602 837-9268 TACO BELL #016085 12/06/94 12/06/02
602 837-9525 TACO BELL #016085 12/06/94 12/06/02
602 837-9970 ARBY'S 08/01/94 08/01/04
602 837-9971 ARBY'S 08/01/94 08/01/04
602 837-9972 MCDONALD'S 08/03/94 08/03/02
602 837-9973 MCDONALD'S 08/03/94 08/03/02
602 837-9975 RED ROCK AUTO GAS 11/17/94 11/17/04
602 837-9976 BURGER KING #8850 12/20/94 12/20/04
602 838-8091 CARL'S JR. #829 02/18/94 02/18/04
602 838-9785 TACO BELL #2941 09/29/93 09/29/03
602 839-3823 GUADALUPE MARKET 08/29/94 08/29/04
602 840-8384 THE SQUEEZE BOX 08/08/92 08/08/02
602 840-8390 THE SQUEEZE BOX 08/08/92 08/08/02
602 840-9867 TACO BELL 01/24/95 01/24/05
602 840-9890 TACO BELL 01/24/95 01/24/05
602 841-5382 HOME DEPOT #0462 12/16/94 12/16/98
602 841-7804 HOME DEPOT #0462 12/16/94 12/16/98
602 841-9826 LONG JOHN SILVERS #5007/14/94 07/14/04
602 841-9860 COLLEGE PARK EXXON 8/29/94 08/29/99
602 841-9861 COLLEGE PARK EXXON 08/29/94 08/29/99
602 841-9862 VALLEY FAIR EXXON 10/03/94 10/03/04
602 841-9863 VALLEY FAIR EXXON 10/03/94 10/03/04
602 842-9927 SPINNAKER APARTMENTS 12/02/94 12/02/04
602 842-9932 DAIRY QUEEN 06/23/93 06/23/03
602 844-0443 FIESTA MALL 05/18/94 05/18/99
602 844-0582 FIESTA MALL 05/18/94 05/18/99
602 844-0711 FIESTA MALL 05/18/94 05/18/99
602 844-0871 FIESTA MALL 05/18/94 05/18/99
602 844-0956 FIESTA MALL 05/18/94 05/18/99
<PAGE> 12
Page No. 10
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
602 844-1027 FIESTA MALL 05/18/94 05/18/99
602 844-1252 FIESTA MALL 05/18/94 05/18/99
602 844-1320 FIESTA MALL 05/18/94 05/18/99
602 844-1467 FIESTA MALL 05/18/94 05/18/99
602 844-1660 FIESTA MALL 05/18/94 05/18/99
602 844-1867 FIESTA MALL 05/18/94 05/18/99
602 844-1985 FIESTA MALL 05/18/94 05/18/99
602 844-2178 FIESTA MALL 05/18/94 05/18/99
602 844-2201 FIESTA MALL 05/18/94 05/18/99
602 844-2479 FIESTA MALL 05/18/94 05/18/99
602 844-2530 FIESTA MALL 05/18/94 05/18/99
602 844-9320 TUNEUP MASTERS #617 11/10/92 11/10/02
602 846-1717 CANTON DRAGON 08/30/90 08/30/00
602 846-8800 DAIRY QUEEN 08/05/94 08/05/04
602 846-8877 CHURCH'S CHICKEN 09/12/96 09/12/06
602 848-8359 MCDONALD'S 03/02/94 03/02/04
602 848-9328 CHURCH'S CHICKEN #69008/30/93 08/30/03
602 849-9676 PIZZA MART 12/21/92 12/21/02
602 863-3590 PETER PIPER PIZZA #2111/01/92
602 864-9955 CARL'S JR. 02/21/94 02/21/04
602 866-9772 THE FINISH LINE BAR 11/21/95 11/21/05
602 867-7564 NORTH STAR LOUNGE 04/20/95 04/20/02
602 867-9953 MCDONALD'S 08/03/94 08/03/02
602 867-9969 MANUEL'S #2 05/02/95 05/02/05
602 870-9573 THE CAR WASH MACHINE 06/24/93 06/24/03
602 873-1148 PETER PIPER PIZZA #10011/01/92
602 873-3410 MCDONALD'S 11/15/93 11/15/03
602 873-4233 ARBY'S 06/12/93 06/12/03
602 873-4553 HOME DEPOT 12/16/94 12/16/98
602 873-4554 HOME DEPOT 12/16/94 12/16/98
602 876-9988 MCDONALD'S 10/14/94 10/14/04
602 878-8715 CARL'S JR. #7067 12/09/93 12/09/03
602 878-9963 MANUEL'S #5 05/02/95 05/02/05
602 878-9982 MOBIL OIL # 18AX5 01/31/95 01/31/97
602 878-9988 UNOCAL 02/06/95 02/06/02
602 890-2794 SCOTTSDALE VIDEO 08/12/92 08/12/02
602 890-2817 DAIRY QUEEN 08/10/92 08/10/02
602 890-9901 DIRECT MARKETING 09/04/96 09/04/02
602 890-9902 DIRECT MARKETING 09/04/96 09/06/02
602 890-9903 DIRECT MARKETING 09/04/96 09/04/02
602 892-9931 TACO BELL #015251 09/29/93 09/29/03
602 892-9957 MCDONALD'S 08/14/96 08/14/06
602 892-9982 MCDONALD'S #10747 06/07/95 06/07/05
602 893-8181 PETER PIPER PIZZA #5307/09/93 07/09/03
602 893-8383 COFFEE PLANTATION #13310/03/95 10/03/05
602 893-8400 TACO BELL #3959 09/29/93 09/29/03
602 893-8658 TACO BELL #5383 09/29/93 09/29/03
602 893-8734 HOME DEPOT #0458 12/16/94 12/16/98
602 893-8748 HOME DEPOT #0458 12/16/94 12/16/98
<PAGE> 13
Page No. 11
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
602 893-9811 ARBY'S 04/23/96 04/23/06
602 894-2301 SUNSET VILLA APARTMENTS08/01/90 08/01/00
602 895-8369 BURGER KING 08/08/95 08/08/05
602 897-9125 LAKES MOBILE 02/28/95 02/28/05
602 897-9284 LAKES MOBILE 02/28/95 02/28/05
602 898-1162 PIZZA MART 08/08/92 08/08/02
602 912-9906 CHURCH'S CHICKEN #686 08/30/93 08/30/03
602 912-9909 TACO BELL #72 09/28/93 09/28/03
602 912-9915 ORA LEE APARTMENTS 10/12/93 10/12/03
602 912-9916 ORA LEE APARTMENTS 10/12/93 10/12/03
602 912-9926 ECONO LUBE n'TUNE #1280 4/30/93 04/30/03
602 912-9970 KYOTO BOWL #2 07/19/95 07/19/05
602 912-9974 32ND STREET LAUNDROMAT 11/17/93 11/17/98
602 912-9982 CARL'S JR. 02/21/94 02/21/04
602 921-7156 COFFEE PLANTATION 01/12/90 01/12/00
602 921-8397 POP PERONI'S PIZZA 05/14/92 05/14/02
602 921-9672 JACK IN THE BOX 10/18/89 10/18/99
602 930-7867 MIDAS MUFFLER 12/24/92
602 930-9481 THE WASHOUSE 09/04/92 09/04/97
602 930-9542 SUNDOWN 06/08/95 06/08/05
602 932-9360 MCDONALD'S 10/14/94 10/14/04
602 932-9399 MCDONALD'S 10/14/94 10/14/04
602 932-9573 DANNY'S FISH & CHIPS 10/18/94 10/18/04
602 932-9745 SONIC DRIVE IN 10/24/94 10/24/04
602 932-9747 BYRDS MOBIL HOME PARK 12/02/94 12/02/04
602 932-9748 TJ'S RESTAURANT 10/21/94 10/21/04
602 933-6485 UNOCAL SELF SERVE MART 01/11/95 01/11/05
602 933-6918 UNOCAL SELF SERVE MART 01/11/95 01/11/05
602 935-5708 MCDONALD'S 10/14/94 10/14/04
602 935-5739 MCDONALD'S 10/14/94 10/14/04
602 935-9863 SCHLOTSKY'S DELI 09/28/95 09/28/05
602 939-2500 DICK'S UNOCAL SERVICE 09/14/94 09/14/04
602 939-8992 MARCOS & ARMANDOS SHOP 06/18/93 06/18/03
602 939-9167 PROBST UNOCAL 06/21/93 06/21/03
602 941-8744 SCOTTSDALE VIDEO 08/12/92 08/12/02
602 941-9467 JACKIE'S PRAYING MANTUS08/16/94 08/16/04
602 941-9489 FLAMINGO DETAIL CENTER 05/25/93 05/25/03
602 941-9493 UNION PLAZA 06/16/93 06/16/03
602 941-9573 DAIRY QUEEN 05/26/93 05/26/03
602 941-9684 JULIO'S TOO 09/01/93
602 941-9686 CHURCH'S CHICKEN #685 08/30/93 08/30/03
602 941-9863 TIGER WASH 10/05/94 10/05/04
602 942-9091 MOON VALLEY EXXON 06/17/93 06/17/03
602 942-9094 PETER PIPER PIZZA #48 06/17/93 06/17/03
602 942-9391 DAIRY QUEEN 10/25/93 10/25/03
602 942-9479 CARL'S JR. #7081 12/09/93 12/09/03
602 942-9802 MCDONALD'S 11/15/93 11/15/03
602 942-9845 MCDONALD'S 11/15/93 11/15/03
602 943-3317 YOGIE'S 02/22/93 02/22/03
<PAGE> 14
Page No. 12
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
602 943-3439 YOGIE'S 02/22/93 02/22/03
602 944-6040 7TH STREET EXXON 02/09/95 02/09/05
602 944-6126 CARL'S JR. #7095 12/09/93 12/09/03
602 944-9041 MCDONALDIS #3326 04/25/96 04/25/99
602 945-2076 TACO BELL #21 05/15/94 05/15/97
602 951-9817 SHEA SCOTTSDALE SHOP CTR11/16/94
602 951-9818 SHEA SCOTTSDALE SHOP CTR11/16/94
602 951-9822 SHEA SCOTTSDALE SHOP CTR11/16/94
602 951-9829 SHEA SCOTTSDALE SHOP CTR11/16/94
602 953-5068 MCDONALD'S #4699 11/22/93 11/22/03
602 954-9787 MANUEL'S #1 05/02/95 05/02/05
602 954-9788 MANUEL'S #3 05/02/95 05/02/05
602 956-5301 VIKING CLEANERS 08/22/90 08/22/00
602 961-9812 BURGER KING #9638 08/08/95 08/08/05
602 961-9916 FIDDLESTICKS 08/01/94 08/01/99
602 961-9917 FIDDLESTICKS 08/01/94 08/01/99
602 962-7133 BURGER KING 07/13/92 07/13/02
602 963-8100 PAYLESS CASHWAY 07/17/95 07/17/97
602 963-8811 TACO BELL #2662 05/15/94 05/15/97
602 963-8882 MCDONALD'S 03/25/94 03/25/04
602 963-9374 CARL'S JR. #825 02/18/94 02/18/04
602 964-2933 TOM'S BAR B Q 08/12/92 08/12/02
602 964-8627 WINCHELL'S DONUTS #489 01/25/90 01/25/00
602 966-7278 GUERRERO'S RESTAURANT 01/09/91 01/09/01
602 966-7406 TUNEUP MASTERS #613 11/10/92 11/10/02
602 967-5307 BURGER KING 07/13/92 07/13/02
602 967-7924 TWIN PALMS HOTEL 11/17/95 11/17/05
602 967-7926 TWIN PALMS HOTEL 11/17/95 11/17/05
602 968-0243 BURGER KING #7769 03/04/93 03/04/03
602 970-9680 CHINA GATE 08/19/96 08/19/06
602 970-9699 CHICAGO SPORTS BAR 10/07/96 10/07/06
602 971-9910 PAYLESS CASHWAY 07/17/95 07/17/97
602 971-9956 ARBY'S 08/07/95 08/07/05
602 977-4552 UNOCAL STATION 02/06/95 02/06/02
602 978-4562 BURGER KING #3078 05/26/95 05/26/05
602 978-9003 CACTUS EXXON 12/11/95 12/11/05
602 978-9118 KENNY ROGERS ROASTERS 05/11/94 05/11/97
602 978-9760 JACK IN THE BOX 09/13/93 09/13/03
602 978-9779 CARL'S JR. #7098 12/09/93 12/09/03
602 978-9781 CARL'S JR. #7094 12/09/93 12/09/03
602 978-9918 KYOTO BOWL #15 07/19/95 07/19/05
602 978-9919 CACTUS EXXON 12/11/95 12/11/05
602 982-9609 MCDONALD'S 03/25/94 03/25/04
602 982-9717 ARBY'S 04/24/95 04/24/05
602 984-9645 TACO BELL #3232 05/15/94 05/15/97
602 985-4837 MEZONA RANCH MARKET 01/09/91 01/09/01
602 985-9908 FUDDRUCKER'S 03/01/96 03/01/98
602 985-9949 LONG JOHN SILVER'S #57 07/14/94 07/14/04
602 990-9604 SOUTH CHINA BUFFET 03/29/96 03/29/06
<PAGE> 15
Page No. 13
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
602 990-9938 MCDONALD'S 03/07/96 03/07/06
602 990-9983 CARL'S JR. #7096 12/09/93 12/09/03
602 992-3364 THE WASHOUSE 09/04/92 09/04/97
602 993-9738 MCDONALD'S 11/15/93 11/15/03
602 993-9744 MCDONALD'S 11/15/93 11/15/03
602 995-8311 WINCHELL'S DONUTS #403 01/25/90 01/25/00
602 995-9038 THE WASHOUSE 09/04/92 09/07/97
602 995-9853 MCDONALD'S #3995 09/21/94 09/21/97
602 995-9885 SOUTH CHINA BUFFET NO.4 03/29/96 03/29/06
602 997-5774 NORTH 7TH STREET AUTO 05/20/93 05/20/03
602 997-5871 SCREWY LOUIE'S 03/05/93 03/05/03
602 997-7907 FILIBERTO'S 05/18/94 05/18/04
<PAGE> 16
Page No. 1
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
520 292-0866 HOME DEPOT #0466 05/15/90 05/15/00
520 292-1606 BULL PEN LOUNGE 02/23/95 02/23/05
520 292-1622 DUNKIN DONUTS 02/08/88 02/08/03
520 292-1629 AMPHI APARTMENTS 01/23/88 01/23/98
520 292-9950 HOME DEPOT #0465 (BREAK)05/15/90 05/15/00
520 292-9953 FUNTASTICKS FAMILY FUN 08/18/94 08/18/04
520 292-9954 FUNTASTICKS FAMILY FUN 08/18/94 08/18/04
520 292-9955 FUNTASTICKS FAMILY FUN O8/18/94 08/18/04
520 292-9958 GUS' LIQUOR 09/22/94
520 292-9977 BUCK'S RIVER ROAD EXXON 11/29/94 11/29/04
520 292-9979 BEL-AIR MOBILE HOME PARK12/29/94 12/29/04
520 292-9985 FITNESS UNLIMITED 03/16/95 03/16/05
520 294-1203 SUAVECITO BAR 09/22/94 09/22/04
520 294-6803 GRAND MARKET 07/31/90 07/31/00
520 294-7345 LA VILLA MEAT MARKET 07/27/90 07/27/00
520 295-9805 EL TORO NITE CLUB 07/01/93 07/01/03
520 295-9818 HOME DEPOT #0467 12/16/94 12/16/98
520 295-9820 CARL'S JR. #384 02/14/95 02/14/05
520 295-9828 HOME DEPOT #0467 12/16/94 12/16/98
520 295-9830 HOME DEPOT #0467 12/16/94 12/16/98
520 295-9839 EL MERENDERO 12/14/95 12/14/05
520 295-9856 BURGER KING 12/28/95 11/15/96
520 295-9871 ORIGINAL HAMBURGER STAND12/30/93 12/30/03
520 295-9874 ARIBY'S 08/30/94 08/30/02
520 295-9878 SANTA FE BAR & GRILL 09/15/95 09/15/05
520 295-9888 EL CACTUS 05/02/96 05/02/06
520 295-9897 CHURCH'S CHICKEN #145 08/30/93 08/30/03
520 295-9905 RODOLFO'S MEXICAN FOOD 07/31/95 07/31/05
520 295-9932 MCDONALD'S 06/11/95 08/11/05
520 295-9959 MCDONALD'S 08/28/95 08/28/05
520 295-9961 AREA INVESTMENTS 03/31/96 03/31/06
520 295-9963 MCDONALD'S 08/28/95 08/28/05
520 295-9964 CHURCE'S CHICKEN #677 08/30/93 08/30/03
520 295-9965 ASIA GARDEN RESTAURANT 08/04/93 08/04/03
520 295-9966 MCDONALD'S 08/28/95 08/28/05
520 295-9985 GALES FOOD & SPIRITS 06/25/96 06/25/06
520 296-3414 FOUNTAIN HILLS CONDO 06/06/90 06/06/00
520 296-8069 PANTANO TURBO WASH 09/23/96 09/23/06
520 298-9001 COWPONY 10/31/94 10/31/04
520 298-9016 WILMOT PLAZA 02/18/93 02/18/03
520 298-9020 FOUNTAIN HILLS CONDO 11/04/94 11/04/02
520 298-9026 PARKS' UNOCAL 76 12/06/94 12/06/04
520 298-9032 CARL'S JR. #376 02/14/95 02/14/05
520 298-9035 SUNRISE PLACE 10/13/95 10/13/05
520 298-9042 SCHLOTZSKY'S 02/28/94 02/28/04
520 298-9043 JERRY BOB'S FAMILY REST.03/29/94 03/29/04
520 298-9046 SUNRISE PLACE 10/13/95 10/13/05
520 298-9064 FILIBERTO'S 06/29/94 06/29/04
520 298-9075 CHARLE'S TWO 12/29/93 12/29/03
<PAGE> 17
Page No. 2
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
520 298-9806 WILMOT PLAZA 02/18/93 02/18/03
520 298-9893 METRO FITNESS 03/03/95 03/03/05
520 298-9894 THIRSTY'S NEIGHBORHOOD G&B10/03/95 10/03/05
520 298-9907 TUCSON SPORTS & REC 03/11/95 03/11/05
520 298-9981 ARBY'S 09/08/93 09/08/98
520 298-9982 ARBY'S 09/08/93 09/08/98
520 298-9983 MCDONALD'S 04/10/95 04/10/00
520 322-0909 CATALINA COMPLEX ODEON 11/22/88
520 322-0910 HRC AUTOMOTIVE 09/22/86 09/22/97
520 322-0911 BOOKMAN'S USED BOOKS 01/20/88 01/20/98
520 322-0992 CACTUS BOWL 02/08/95
520 322-0999 GRANT ROAD CHEVRON 12/28/94 12/29/04
520 322-9981 GRANT & SWAN EXXON 09/10/87 09/10/97
520 322-9985 GRANT ROAD UNOCAL 01/14/88 01/14/98
520 323-3897 FLINTS SELF SERVE 04/08/88 04/08/98
520 323-3898 NEON MOON 11/23/93 11/23/03
520 323-3905 RIVER POINT APARTMENTS 04/20/88 04/20/98
520 323-3906 ECONO LUBE n' TUNE #108 04/30/93 04/30/03
520 323-9906 PAVILLION AT ELCON 10/01/93 10/01/98
520 323-9908 PAVILLION AT ELCON 10/01/93 10/01/98
520 327-4398 CROSSROADS CINEPLEX ODEON06/06/88 06/06/97
520 327-7316 CROSSROADS CINEPLEX ODEON06/06/88 06/06/97
520 327-8495 SPEEDWAY OUTLET 01/24/91 01/24/01
520 385-2596 SAN MANUEL CAFE 12/21/87 12/21/97
520 421-1290 ARBY'S 08/19/93 08/19/03
520 426-9620 FAST MART CONVENIENCE STO03/01/95 03/01/95
520 426-9621 FAST MART CONVENIENCE STO03/01/95 03/01/95
520 426-9622 FAST MART CONVENIENCE STO03/01/95 03/01/05
520 426-9625 MILO'S DISCOUNT LIQUOR 05/12/95 05/12/05
520 426-9783 RICO DONUTS 10/22/94 10/22/04
520 426-9787 DENNY'S 02/08/95 02/08/01
520 426-9789 JACK IN THE BOX 08/04/95 08/04/05
520 426-9813 FILIBERTO'S 02/18/94 02/18/04
520 426-9859 BROWN & BROWN MERCANTILE03/09/95 03/09/05
520 466-9675 CARL'S JR. #827 02/18/94 02/18/04
520 466-9676 CARLTS JR. #827 02/18/94 02/18/04
520 487-2842 BENAGLIO'S CHEVRON 02/03/88 02/03/98
520 487-2844 ONE STOP MARKET 08/19/88
520 571-6446 TONY'S ITALIAN DELI 07/23/92 07/23/02
520 571-8522 GEORGE'S EXXON 05/14/91 05/14/01
520 571-8535 MUSIC BOX LOUNGE 01/26/88 01/26/98
520 571-8550 TUCSON BOWL 02/08/95
520 571-9407 VILLA DEL SOL APT. 01/15/88 01/15/98
520 571-9412 EL DORADO CINEPLEX ODEON04/11/93 04/11/03
520 571-9514 CACTUS MOON CAFE 12/21/94 12/21/04
520 571-9515 CACTUS MOON CAFE 12/21/94 12/21/04
520 571-9906 CARL'S JR. #568 02/14/95 02/14/05
520 571-9910 1ST CHOICE 06/30/93 06/30/03
520 571-9912 DAVIS UNOCAL 06/28/93 01/14/98
<PAGE> 18
Page No. 3
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
520 571-9927 CHURCH'S CHICKEN #778 08/30/93 08/30/03
520 571-9937 BROADWAY BUILDING 08/26/93 08/26/03
520 571-9938 EMILIANO'S 09/29/93 09/21/03
520 571-9940 ARBY'S 09/08/93 09/08/98
520 571-9943 TERRITORIAL TAVERN 08/05/93 08/05/03
520 571-9960 KYOTO BOWL #18 07/19/95 07/19/05
520 571-9962 CARL'S JR. #560 02/14/95 02/14/05
520 571-9964 CARL'S JR. #568 02/14/95 02/14/05
520 571-9971 1ST CHOICE 04/22/94 04/22/04
520 573-0771 CASA de MUEBLES 02/27/92 02/27/02
520 573-0944 SANTA FE BAR & GRILL 09/15/95 09/15/05
520 573-0947 CORNER MARKET 10/12/87 10/12/97
520 573-7196 MISSIONDALE PALMS APTS. 02/14/91 02/14/01
520 573-7197 MISSIONDALE PALMS APTS. 02/14/91 02/14/01
520 574-0297 DUFFY'S DIESEL 03/16/93 03/16/03
520 574-1375 APACHE T @ S MOTEL 02/07/92 02/07/02
520 575-0100 FOOTHILLS CINEPLEX ODEON 06/06/88 06/06/97
520 575-0113 PAYLESS CASHWAYS 07/17/95 07/17/97
520 575-0122 DUNKIN DONUTS 10/16/87 10/16/02
520 575-9758 PITTMAN'S UNOCAL 10/26/87 10/26/97
520 575-9796 FIVE STAR BLIMPIE 01/13/95 01/13/00
520 575-9840 VIVIAN'S CAFE 11/05/93 11/05/03
520 578-2599 TUCSON MNTN TRADING POST 12/29/87 12/29/99
520 579-1460 ARBY'S 08/30/94 08/30/02
520 620-1216 CAFE POCA COSA 06/30/92 06/30/02
520 620-1729 AVEDIS ENT. 08/02/95 08/02/05
520 620-1742 TANIA'S RESTAURANT 01/04/91 01/04/01
520 620-6725 U. OF A. LIQUORS 08/20/90 08/20/00
520 622-7511 CAFE COMIDAS 09/22/95 09/22/05
520 622-8881 EPIC CAFE 05/10/94 05/10/04
520 622-8896 MANDARIN GRILL 03/31/93 03/31/03
520 622-8899 U WASH E Z 12/07/94 12/07/04
520 622-8924 TIME MARKET 04/15/88 04/15/97
520 622-8947 RILLITO MOBIL ROME PARK 04/23/93 04/23/03
520 622-9102 BAXTER HEALTH CARE 12/22/89 12/22/99
520 622-9113 ASIA EXPRESS 12/05/95 12/05/05
520 622-9114 FIRST AVENUE UNOCAL 06/28/93
520 622-9135 IGUANA CAFE 07/07/93 07/07/03
520 622-9156 HIMALAYA'S 12/12/95 12/12/05
520 622-9261 CHESAPEAKE BAGEL BAKERY 01/10/96 01/10/06
520 622-9353 GINS OIL EXPRESS 01/31/96 01/31/06
520 622-9794 BARRIO BAR & GRILL 02/23/96 02/23/06
520 622-9972 BENITOIS 02/23/96 02/23/06
520 622-9978 BOATNERS GAS STATION 05/15/96 05/15/06
520 623-4769 BOYS & GIRLS CLUB- TUCSON02/06/92
520 623-9754 ADA INC. 07/24/87 07/24/97
520 624-4985 MILLER'S SURPLUS 02/28/92 02/28/02
520 628-7522 WORLD GYM 03/15/93 03/15/00
520 682-6983 PICTURE ROCK CAFE 05/20/93 05/20/03
<PAGE> 19
Page No. 4
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
520 682-9833 THE WATERHOLE 10/24/96 10/24/06
520 682-9982 VALLEY OF THE SUN 02/24/93 02/24/03
520 690-9951 TONY ROMA'S 05/10/93 05/10/03
520 690-9972 ARBY'S 09/08/93 09/08/96
520 696-9789 LONG JOHN SILVERS 09/27/95 09/27/05
520 696-9798 CHESAPEAKE BAGEL BAKERY12/15/95 12/15/05
520 721-4355 BASKIN ROBBINS 07/07/92 07/07/02
520 721-9750 REDDINGTON PLAZA 05/17/93 05/17/03
520 721-9752 TONY ROMAIS 05/10/93 05/10/03
520 721-9754 UNICORN SPORTS LOUNGE 05/08/95 05/08/05
520 721-9847 TANQUE VERDE PLAZA 12/08/95 12/08/05
520 721-9863 MCDONALD'S 10/05/94 10/05/04
520 721-9865 MCDONA.LD'S 10/05/94 10/05/04
520 721-9866 COUSINS SUBS 09/12/94 09/12/04
520 721-9951 CITY GRILL 10/17/94 10/17/04
520 721-9953 ARBY'S 10/13/94 10/13/04
520 721-9971 LONG JOHN SILVERS 07/13/95 07/13/05
520 722-0125 PAYLESS CASHWAYS 07/17/95 07/17/97
520 722-0151 GARNER EXXON 01/18/88 01/18/98
520 722-9531 EDDIE'S 06/25/92 06/25/02
520 722-9864 ELAN MANAGEMENT CORP. 09/18/95 09/18/05
520 722-9984 CARL'S TR. #167 02/14/95 02/14/05
520 741-2922 LOS GRANDES PLAZA 02/14/92 02/14/02
520 741-2931 LOUIS MARKET 10/09/87 10/09/97
520 741-2932 WALTER'S SUPERMARKET 10/26/92 12/26/02
520 741-2941 BROADLOOM MOTEL 12/23/87 12/23/97
520 741-2943 HOWDY MANOR 10/30/87 10/30/97
520 741-2960 TUCSON PARK HOLIDAY LAUND10/13/87 10/13/97
520 741-2966 CHOICE MARKET 12/23/87 12/23/97
520 741-2972 H & H PAWN SHOP 01/06/88 01/06/98
520 741-7904 LA ESTRELLA BAKERY 08/22/90 08/22/00
520 741-9580 ECONO LUBE n' TUNE #116 04/30/93 04/30/03
520 744-2964 CARL'S JR. #441 02/14/95 02/14/05
520 745-0396 LUKE'S 07/28/92 07/28/02
520 745-2586 DAVIS UNOCAL 01/14/88 01/14/98
520 745-5512 RESEARCH CORP TECHNOLOGY08/12/92 08/12/97
520 745-9955 WESTWOOD RESIDENTIAL 07/03/95 07/03/05
520 746-9079 LUCKY WISHBONE 01/06/95 01/06/03
520 746-9547 MEI HEN 06/07/96 06/07/06
520 746-9753 CATTLETOWN 09/11/95 09/11/05
520 746-9764 CATTLETOWN 09/11/95 09/11/05
520 748-9921 LONG JOHN SILVERS 07/13/95 07/13/05
520 748-9940 GOLDEN CORRAL 01/26/95 01/26/05
520 748-9952 GOLDEN CORRAL 01/26/95 01/26/05
520 749-6000 CHUY'S BAJA BROILER #3 01/27/93 01/27/03
520 749-8005 CHUY'S BAJA BROILER #3 01/27/93 01/27/03
520 749-9930 BOX SEATS GRILL & PUI3 07/07/94 07/07/04
520 750-9513 EL DORADO CINEPLEX ODEON04/11/93 04/11/03
520 751-1559 LUKE'S 07/17/92 07/17/02
<PAGE> 20
Page No. 5
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
520 760-9821 MCDONALD'S 05/03/95 05/03/05
520 770-1790 PONDEROSA BAR 10/16/92 10/16/02
520 770-8900 JAIME'S BAR 05/11/93 11/11/95
520 770-8901 JAIME'S BAR 05/11/93 11/11/95
520 770-8907 BOYS & GIRLS CLUB 02/12/93
520 770-8949 EL INDIO 11/11/93 11/11/03
520 770-8968 LIZZARRAGA'S 09/21/93 09/21/03
520 770-8971 STONEWALL EAGLE 08/18/93 08/18/03
520 770-8979 CHURCH'S CHICKEN #689 08/30/93 08/30/03
520 770-8983 EL ZANPE 04/27/95 04/27/05
520 770-8991 DIAMOND AUTO REPAIR 08/22/95 08/22/05
520 791-9692 OVER PASS CAFE 08/05/93 08/05/03
520 792-0160 EL MEZON DEL COBRE 07/12/92 07/12/02
520 792-8718 N.Y.C. INC. 08/02/94 08/02/04
520 792-8719 ARTISAN'S WELL 11/29/93 11/29/03
520 792-8721 WEST GRANT RD. EXXON 01/05/95 01/05/05
520 792-8724 GYMIS 11/30/93 11/30/03
520 792-8728 WEST GRANT RD. EXXON 01/05/95 01/05/05
520 792-8729 GENTLE BEN'S 06/26/96 06/26/06
520 792-8738 GENTLE BEN'S 06/26/96 06/26/06
520 792-8741 EL RIO BAKERY 11/15/94 11/15/04
520 792-8754 NIGHT SHIFT BAR 10/12/94 10/l2/04
520 792-8756 GENTLE BEN'S 06/26/96 06/26/06
520 792-8772 CARL'S JR. #440 02/14/95 02/14/05
520 792-8790 THRIFT WORLD 06/29/95 06/29/05
520 792-8796 PARAGON 07/11/95 07/11/05
520 792-8811 CARL'S JR. #440 02/14/95 02/14/05
520 792-8814 KING DONUT 06/21/96 06/21/06
520 792-8818 CARL'S JR. #571 02/14/95 02/14/05
520 792-8842 PACK-EM INN 03/11/94 03/11/04
520 792-8843 CLUCK-U-CHICKEN CO. 03/24/94 03/24/04
520 792-8845 CHUY'S MESQUITE 05/31/94 05/31/04
520 792-8865 LIMBONG LIQUOR STORE 12/02/94 12/02/04
520 792-8867 THRIFT WASH 12/07/94 12/07/04
520 792-8884 VIDA SERENA 01/15/88 01/15/03
520 797-2810 CHURCH'S CHICKEN #56 08/30/93 08/30/03
520 798-3908 CHANGS FAST FOOD 08/20/90 08/20/00
520 798-3917 A & S MINI MART 08/01/90 08/01/00
520 798-3918 CASHWAY MEAT MARKET 04/18/96 04/18/06
520 825-1168 ORACLE JMCTION CARRYOUT 06/21/94 06/21/04
520 836-2562 D & S LAUNDROMAT 11/19/93 11/19/03
520 836-4604 BEST WESTERN CASA GRANDE10/22/93 10/22/01
520 836-7088 CHURCH'S CHICKEN #848 10/14/94 10/14/04
520 836-7546 DENNY'S 02/08/95 02/08/03
520 881-6259 DUNN APARTMENTS 09/08/92 09/08/02
520 881-8762 B B-Q RANCH 04/23/88 04/23/98
520 881-8771 CONVENIENT MART & DELI 12/21/87 12/21/97
520 881-8772 EL CAMPO SHOPPING CENTER11/23/87 11/23/99
520 881-8781 SAN CLEMENTE SHOPPING CTR09/25/94 09/25/04
<PAGE> 21
Page No. 6
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
520 981-9107 CHURCH'S CHICKEN #1167 08/30/93 08/30/03
520 881-9203 TERRY & ZEKE'S 09/08/93 09/08/96
520 881-9255 MATRIXX MARKETING 08/22/96 08/22/99
520 881-9256 MATRIXX MARKETING 08/22/96 08/22/99
520 881-9259 ALL STAR COIN LAUMROMAT 05/27/93 05/27/03
520 881-9272 ARBY'S 09/08/93 09/08/96
520 881-9276 MATRIXX MARKETING 08/22/96 08/22/99
520 881-9291 ALVERNON DONUTS 12/07/94 12/07/04
520 881-9296 MATRIXX MARKETING 08/22/96 08/22/99
520 881-9343 TACOS DON JUAN 10/29/93 10/29/03
520 881-9370 WHEEL DONUT 01/25/94 01/25/04
520 881-9375 PAT CHANCE 08/23/95 08/23/05
520 881-9376 PRONTO 12/28/93 12/28/03
520 881-9378 ORIGINAL HAMBURGER STAND12/30/93 12/30/03
520 881-9390 JIMMY HOLIDAY'S 11/07/94 11/07/04
520 881-9568 SENOR SAMMY'S 08/30/94 08/30/04
520 881-9569 SWAN CREST APARTMENTS 12/20/95 12/20/05
520 881-9571 TOKYO RICE BOWL 01/31/96 01/31/06
520 881-9706 BASHFUL BANDIT 11/10/87 11/10/97
520 881-9759 GEEIS GARDEN 01/03/95 01/03/02
520 882-0493 LA PLACITA VILLAGE 11/09/92
520 882-3982 ROME DEN 02/06/91 02/06/01
520 882-4253 LAMPPOST LIQUORS 01/22/91 01/22/01
520 882-5060 LATIN-AMERICAN CLUB 04/10/91 04/10/96
520 882-7995 PAYLESS CASHWAYS 07/17/95 07/17/97
520 882-9532 VIDA SERENA 01/15/88 01/15/03
520 884-5316 MENLO PARK VIDEOS 03/20/92 03/20/02
520 884-7141 PIONEER PLAZA 03/01/93 03/01/03
520 884-8182 NEW EMPIRE FOOD MARKET 01/28/88 01/28/98
520 884-8211 QUEEN DONUT 06/26/96 06/26/06
520 884-8227 GRANTSTONE, INC. 09/10/87 09/10/97
520 884-8257 J. J. NEWBERRY'S #1504 02/01/88 02/01/98
520 884-8261 TUCSONIAN APARTMENTS 12/23/87 12/23/97
520 884-8301 VIDA SERENA 01/15/88 01/15/03
520 884-8351 MIDTOWN LIQUORS 09/04/87 09/04/97
520 884-8364 MARIA'S RESTAURANT 02/11/88 02/11/98
520 884-8375 SPARKLE CLEANERS 10/14/87 10/14/97
520 884-8420 EGG ROLL HOUSE 01/19/88 01/19/03
520 884-8521 KEG BEER KOUNTRY 03/10/88 03/10/98
520 884-8841 COST LESS AUTO PARTS 01/06/88 01/06/98
520 884-8868 DOUBLE "C" DRIVE-IN 03/03/88 03/03/96
520 884-8957 TIME MARKET 04/15/88 04/15/97
520 884-8990 GRANTSTONE, INC. 09/10/87 09/10/97
520 884-9096 JERRY'S LEE HO MARKET 11/19/87 ii/ig/97
520 885-1262 HOME DEPOT #0465 05/15/90 Os/is/oo
520 885-4852 CASA DEL RIO RESTAURANT 07/13/92 07/13/02
520 887-8492 HOME DEPOT #0466 05/15/90 05/15/00
520 888-9299 OLD AMERICA STORE #66 02/24/93 02/24/03
520 888-9849 DAY BREAK CAFE 08/27/96 08/27/06
<PAGE> 22
Page No. 7
11/08/96
EXHIBIT F
LOCATION AGREEMENTS
ANI CUSTOMER CONTRACT EXPIRATION
DATE DATE
520 888-9922 CARL'S JR. #436 02/14/95 02/14105
520 888-9923 CARL'S JR. #593 02/14/95 02/14/05
520 889-2416 SANTA FE BAR & GRILL 09/15/95 09/15/05
520 889-2470 LOS GRANDES PLAZA 02/14/92 02/14/02
520 889-4024 LOS AMIGOS MEAT MARKE 07/30/92 07/30/02
<PAGE> 23
EXHIBIT "G"
OFFICER'S CERTIFICATE
I, David Westfere, President of United Payphone Services, Inc. ("SELLER")
hereby swear, attest and certify to Tra-Tel Communications, Inc.
("BUYER") as follows:
The execution and delivery of the Asset Purchase Agreement and all
agreements and documents contemplated hereby by SELLER, and the
consummation by SELLER of the transaction contemplated hereby, have been
duly authorized by all requisite corporate action.
EXECUTED this 15th day of November, 1996.
David Westfere
President
United Payphone Services, Inc.
<PAGE> 1
Exhibit 2.6
SUBORDINATION AND INTERCREDITOR AGREEMENT
AGREEMENT, made this day of October, 1996 by and among FINOVA CAPITAL
CORPORATION, having an office at 95 North RoutE 17 South, Paramus, New
Jersey 07652 ("FINOVA") ; United Payphone Services, Inc., a Nevada
corporation, (the "Subordinated Lender"); and Tru-Tel Communications LLC a
Nevada Limited Liability Co. (the "Borrowers");
W I T N E S S E T H :
WHEREAS FINOVA and the Borrower are parties to a certain Loan and
Security Agreement dated ,1996 (as the same may from
time to time be amended so modified or supplemented hereinafter referred
to as the "FINOVA Loan Agreement"), pursuant to which FINOVA has agreed
to make a loan to the Borrower, upon and subject to the terms of the Loan
Agreement (the "Loan");
WHEREAS, pursuant to the FINOVA Loan Agreement, the Loan shall be
evidenced by a promissory note executed by the Borrower (as the same may
from time to time be amended, modified, supplemented, restated, replaced
or substituted, the "FINOVA Note");
WHEREAS the FINOVA Loan Agreement and the FINOVA Note together with all
other agreements instruments and documents now and hereafter executed
and delivered in connection therewith (as amended, modified or
supplemented from time to time) are hereinafter referred to as the "FINOVA
Loan Documents";
WHEREAS, the Loan and all interest charges (including, without limitation,
late and default charges), costs and expenses (including, without
limitation, attorney fees and costs) whether now existing or hereafter
arisinq, under or in connection with the Loan ana the FINOVA Loan
Documents (including, without limitation, the negotiation and
documentation thereof and the enforcement of FINOVA's rights and remedies
thereunder) is hereinafter referred to as the "FINOVA Debt";
WHEREAS all of the FINOVA Debt in or will be secured by the grant by the
Borrower to FINOVA of liens on and security interests in the equipment
described an Schedule A annexed hereto and all additions, substitutions
and accessions thereto and the proceeds thereof including insurance
proceeds (the "Collateral");
WHEREAS the Subordinated Lender has, an or about the date hereof, made a
loan to the Borrower in the principal sum of Eight Hundred Thousand
Dollars ($800,000.00) evidenced by and payable in accordance with the
terms of a Promissory Note executed by the Borrower payable to the
Subordinated Lender (as the same may from time to time be amended,
modified or supplemented, hereinafter referred to as the "Subordinated
Lender Note");
WHEREAS, all the indebtedness, liabilities and obligations of the Borrower
to the Subordinated Lender evidenced by, under or related to the
Subordinated Lender Note or otherwise, are hereinafter referred to as
the "Subordinated Debt";
WHEREAS, the Subordinated Lender Note, together with all other agreements,
instruments and documents now and hereafter executed in connection
therewith or the Subordinated Debt or otherwise (as amended modified or
supplemented from time to time) are hereinafter referred to as the
"Subordinated Lender Loan Documents", copies of which are annexed hereto
as Schedule B;
<PAGE> 2
WHEREAS, pursuant to the Subordinated Lender Loan Documents, the Borrower
is presently indebted to the Subordinated Lender in the aggregate
principal sum of Eight Hundred Thousand Dollars ($800,000);
WHEREAS all of the Subordinated Debt also is or will be secured by the
grant by the Borrower to the Subordinated Lender of liens on and security
interests in the Collateral;
WHEREAS, it iS a condition precedent to the obligation of FINOVA to
execute the FINOVA Loan Documents and make the Loan, that the Subordinated
Lander shall execute and deliver this Agreement to and with FINOVA; and
WHEREAS, the Subordinated Lender acknowledges that it is in the best
interests of the Subordinated Lender that FINOVA execute and deliver the
FINOVA Loan Documents and make the Loan provided for therein to the
Borrower, in accordance with the terms of the FINOVA Loan Documents;
NOW THEREFORE, in order to induce FINOVA to execute and deliver the FINOVA
Loan Documents and make the Loan and extend the credit provided for
therein and in consideration therefor, the parties hereto hereby agree
as follows:
1. Consent. Notwithstanding any prohibition, restriction or provisions
to the contrary contained in the Subordinated Lender Loan Documents or
otherwise, the Subordinated Lender hereby consents to and approves of the
execution, delivery and performance by the Borrower of the FINOVA Loan
Agreement, the FINOVA Note and all of the other FINOVA Loan Documents and
the consummation of the transactions contemplated thereby, including,
without limitation, the grant of liens covering the Borrower's assets.
<PAGE> 3
2. Subordination.
(a) The payments of any and all of the principal amount of and
interest on the Subordinated Debt (and all other obligations
thereunder) is hereby expressly subordinated and made junior to the
payment of the principal amount, redemption premium, if any, all
interest and any other amounts due on the FINOVA Debt, to the extent
and in the manner set forth herein. Notwithstanding the foregoing
and subject to the provisions of subsection (b) through (a) hereof,
unless and until Borrower shall default in the payment or
performance of any terms, conditions or obligations of the FINOVA
Loan Documents Subordinated Lender shall be entitled to receive
scheduled payments of the principal of and interest on the
subordinated Debt but only upon, subject and pursuant to the terms
and provisions, including the dates, amounts and rates of principal
and interest payments as are set forth in the Subordinated Lender
Note as in effect on the date of this Agreement.
(b) in the event of (i) any insolvency, bankruptcy, receivership,
custodianship liquidation, reorganization, readjustment of debt,
arrangement, composition, assignment for the benefit of creditors,
or other similar proceeding relative to the Borrower or its
creditors, as such, or its property or (ii) any proceeding for
voluntary liquidation dissolution or other winding up or bankruptcy
proceedings, then and in any such event:
(A) All of the FINOVA Debt shall first be paid in full
before any payment or distribution of any character, whether
in cash, securities, obligations or other property shall be
made in respect of the Subordinated Debt with the exception of
any adequate protection payments to the Subordinated Lender
which may be ordered by a Court of competent jurisdiction;
(B) Any payment or distribution of any character which would
otherwise (but for the terms hereof) be payable or deliverable
in respect of the Subordinated Debt (including any payment or
distribution of any other indebtedness of the Borrower being
subordinated to the Subordinated Debt), shall be paid or
delivered directly to FINOVA, or unrepresentative, until all
of the FINOVA Debt shall have been paid in full, and the
subordinated Lender or any other holder of the Subordinated
Debt irrevocably authorizes, empowers and directs all
receivers custodians, trustees, liquidators, conservators and
others having authority to effect all such payments and
deliveries;
(C) The Subordinated Lender will, upon the written request
of FINOVA, prove, enforce and endeavor to obtain payment of
the aggregate outstanding amount of all unpaid Subordinated
Debt payments due and payable, or thereafter becoming due and
payable from the Borrower to the Subordinated Lender and will
<PAGE> 4
turn over to FINOVA in precisely the form received any payment
of any kind or character on account of such Subordinated Debt
for application to the payment of any indebtedness,
liabilities or obligations of the Borrower to FINOVA then
existing. In the event that the Subordinated Lender shall
fail to take any such action requested by FINOVA, FINOVA may,
as attorney-in-fact for the Subordinated Lender, take such
action on behalf of the Subordinated Lender but for the use
and benefit of FINOVA, and the subordinated Lender hereby
appoints FINOVA as its attorney-in-fact for the Subordinated
Lender to demand, sue for, collect and receive every such
payment and distribution and give acquittance therefor and to
file claims and to take such other proceedings in FINOVA's own
name or in the name of the Subordinated Lander or otherwise
and to vote, give consent and take any other steps with regard
thereto, all as FINOVA may deem necessary or advisable for the
enforcement of this Agreement; and
(D) The Subordinated Lender or any other holder of the
Subordinated Debt shall execute and deliver to FINOVA or its
representative all such further instruments confirming the
authorization referred to in the foregoing clauses (B) and (C),
and any powers of attorney specifically confirming the rights of
FINOVA arising hereunder, and all such proofs of claim,
assignment of claim and other instruments and shall take all
such other actions as may be requested by FINOVA or its
representative in order to enable FINOVA or its representative
to enforce any and all claims upon or in respect of such
Subordinated Debt and to collect and give any and all payments
or distributions which may be payable or deliverable at any time
upon or with respect to such Subordinated Debt.
(c) If, notwithstanding the provisions of this Agreement, any payment
or distribution of any character (whether in cash, securities or other
property) or any security shall be received by the Subordinated Lender
in contravention of the terms of this Agreement, And before all FINOVA
Debt shall have been paid in full, such payment, distribution or
security shall not be commingled with any asset of the Subordinated
Lender, shall be held in trust for the benefit of, and shall be paid
over or delivered and transferred to, FINOVA, or its representative in
the exact same form, for application to the payment of all FINOVA Debt
remaining unpaid until all of the FINOVA Debt shall have been paid in
full.
(d) This Agreement, without further reference, shall pass to and may
be relied on and enforced by any transferee or subsequent holder of
any FINOVA Debt. No sale, assignment, disposition or other transfer
<PAGE> 5
of the Subordinated Debt, any of the Subordinated Lender Loan
Documents or any lien or security interest now or hereafter held by
Subordinated Lender in the Collateral shall be permitted or become
effective unless and until the Subordinated Lender causes the
transferee thereof to execute and deliver to FINOVA an acknowledgment
by such transferee of receipt of a copy of this Agreement accompanied
by an agreement (substantially identical with this Agreement or
otherwise in form and substance satisfactory to FINOVA) of such
transferee to be bound by the terms of this Agreement as if it
were the original Subordinated Lender hereunder.
(e) Notwithstanding any status, including, without limitation, the
Bankruptcy Code, any rule of law or bankruptcy procedures to the
contrary, and the right of FINOVA hereunder to have all of the
FINOVA Debt paid and satisfied in full prior to the payment of any
of the Subordinated Debt (except as expressly permitted pursuant to
Clause (a) of Section 2 of this Agreement) shall include, without
limitation, the right of FINOVA to be paid in full all interest
accruing on the FINOVA Debt due to it after the filing of any
petition by or against the Borrower in connection with any
bankruptcy or similar proceeding or any other payment of any amounts
in respect of the Subordinated Debt, including, without limitation,
any interest due to the Subordinated Lender accruing after such date.
3. Priority of Liens.
(a) Notwithstanding anything to the contrary contained in the
Subordinated Lender Loan Documents or any other agreement, intrustment
or document executed and delivered pursuant to or in connection with the
Subordinated Debt or the FINOVA Loan Documents, and notwithstanding any
prior perfection of a security interest or lien undr theprovisions of
the Uniform Commercial Code or any other law of any jurisdiction which
is applicable or statements under the Uniform Commercial Code or any
other law of any jurisdiction which is applicable or any other
recordation or filing of any documents, and further notwithstanding any
pledge to the Subordinated Lender or possession by the Subordinated
Lender of the Collateral, as between FINOVA and the Subordinated Lender,
the security interests and liens now or hereafter held by FINOVA in and
to the Collateral shall be first and prior to the security interests and
liens now or hereafter held by the Subordinated Lender in the
Collateral.
(b) If the Subordinated Lender shall at any time have possession or
control of any of the Collateral, it shall hold or control the
Collateral for the benefit of FINOVA ecept as otherwise expressly
permitted pursuant to Clause (b) of Section 6 of this Agreement. So
long as any of the FINOVA Debt shall remain unpaid to FINOVA, FINOVA may
at all times, in its sole discretion, exercise any and all the powers
and rights, including, without limitation, the right to foreclose or
<PAGE> 6
otherwise realize upon the Collateral, whether or not in its
possession, all without the necessity of obtaining any consent or
approval of the Subordinated Lender, nor shall it have any liability to
the Subordinated Lender for any action taken or failure to act with
respect to any Collateral in its possession beyond the exercse of
reasonable care to assure the safe custody thereof. Upon payment in
full of the FINOVA Debt, FINOVA shall assign and deliver to the
Subordinated Lender all of the Collateral then in its possession (if
any), but without recourse and without any representation or warranty
whatsoever.
(c) With respect to the collection of the proceeds of any policy of
insurance, the proceeds of which are assigned to FINOVA or the
Subordinated Lender pursuant to any security agreement executed and
delivered by the Borrower with FINOVA or the Subordinated Lender,
FINOVA and the Subordinated Lender shall join in any instructions to
the insurance companies involved so that the proceeds will be delivered
to the party entitled thereto pursuant to the terms of this Agreement,
the first proceeds thereof being paid to FINOVA.
4. Continued Effectiveness of this Agreement. The terms of this Agreement,
the subordination effected hereby, and the rights of FINOVA and the
obligations of the Subordinated Lender arising hereunder, shall not be
affected, modified, or impaired in any manner or to any extent by: (i) any
amendment, modification or termination of or supplement to the FINOVA Loan
Documents, or any agreement, instrument, or document executed or delivered
pursuant thereto; (ii) the validity or enforceability of any such doucments;
(iii) the release, sale, exchange, or surrender in whole or in part, of any
collateral security, now or hereafter existing, for any of the FINOVA Debt;
(iv) any exercise or nonexercise of any right, power or remedy under or in
respect to the FINOVA Debt or any of such instruments and documents referred
to in clause (i) above or arising at law; (v) any waiver, consent, release,
indulgency, extension, renewal, modification, delay or other action,
inaction or omission in respect of the FINOVA Debt or any of the agreements,
instruments or documents referred to in clause (i) above or in respect of
any collateral security for the FINOVA Debt, all whether or not the
Subordinated Lender shall have had notice or knowledge of any of the
foregoing and whether or not it shall have consented thereto; or (vi) any
action taken by any trustee in bankruptcy includng any debtor under the
Bankruptcy Code or any other party pursuant to Sections 510, 547, 548, 549,
550 and 553 of the Bankruptcy Code.
5. Legend on Note. The Subordinated Letter shall, simultaneously with the
execution and delivery hereof, cause a conspicuous legend to be placed on
the Subordinated Lender Note to the followng effect:
"This note and the indebtedness evidenced hereby is subordinated, in
the manner and to the extent set forth in a Subordination Agreement
dated , 1996 (as sucn agreement may from time to time be amended,
<PAGE> 7
modified or supplemented, the "Subordination Agreement") by the maker and
payee of this Note in favor of FINOVA Capital Corporation ("FINOVA") to
all indebtedness (including interest) at any time owed by the maker of
this Note to FINOVA, and each holder of this Note, by its acceptance
hereof, shall be bound by the Subordination Agreement."
6. Restrictions on Subordinated Lender. Prior to the payment of the FINOVA
Debt and notwithstanding anything contained in the Subordinated Lender Loan
Documents or any agreement, instrument or document executed in connection with
the Subordinated Debt to the contrary, the Subordinated Lender shall not,
without the prior written consent of FINOVA do any of the following:
(a) Amend, modify or supplement or agree to any amendment, modification
or supplement of, or to, the Subordinated Debt or any of the
Subordianted Lender Loan Documents in any manner;
(b) Unless and until (i) FINOVA has exercised its remedies as a secured
lender pursuant to the FINOVA Loan Documents; or (ii) Subordinated
Lender (x) has notified FINOVA of the occurrence of an event of default
pursuant to the Subordinated Lender Loan Documents and its intention to
exercise its remedies as a secured lender thereunder ("Default
Notification") and (y) thirty days has passed from the date of receipt
by FINOVA of the Default Notification; accelerate the maturity of all or
any portion of the Subordinated Debt, or take any action towards
collection of all or any portion of the Subordinated Debt or enforcement
of any rights, powers or remedies under the Subordinated Lender Loan
Documents or other agreements entered into pursuant thereto, or
applicable law or against the Collateral (including, without limitation,
any foreclosure action) wheter uupon the occurrence of any event of
default, default or breach under the Subordinated Lender Loan Documents
or otherwise.
7. Bankruptcy. Until the FINOVA Debt shall have been indefeasibly paid in
full, the Subordinated Lender will not, without the prior written consent of
FINOVA, commence, or join with any personi n commencing, any proceeding
against any reorganization, readjustment of debt, dissolution, receivership,
liquidation or insolvency law or statute now or herafter in effect in any
jurisdiction.
8. Waivers. The Subordianted Lender herby waives, and agrees not to assert
any right, now or herafter existing, to require FINOVA to proceed against
or exhaust any collateral at any time securing the FINOVA Debt, or to
marshal any assets in favor of the Subordinated Lender or any other holder
of Subordinated Debt.
<PAGE> 8
9. Reinstatement. Upon payment in full of the FINOVA Debt, the Subordinated
Lender shall have all of its rights reinstated in respect of the Subordinated
Debt, and, until such time, the Subordinatd Lender irrevocably waives any and
all rights of subrogation.
10. Representations and Warranties. The Subordinated Lender hereby represents
and warrants that: (a) the execution and delivery of this Agreement and the
performance by the Subordinated Lender of its obligations hereunder have
received all necessary approvals, corporate or otherwise, and do not and will
not contravene or conflict with any provision of law or any provision of any
indenture, instrument or other agreement ot which the Subordinated Lender is a
party or by which it or its property may be bound or affected; (b) the
Subordinated Lender has full power, authority and legal right to make and
perform this Agreement; (c) the Subordinated Lender has not assigned or
transferred any indebtedness owing by the Borrower; and (d) this Agreement is
legal, valid and binding obligation of the Subordinated Lender in accordance
with its terms.
11. Miscellaneous
(a) The Subordinated Lender shall execute and deliver such additional
documents and take such further action as shall be reasonably
necessary to effectuate the purposes this Agreement.
(b) In the event of any conflict between any term, covenant or
condition of this Agreement and any term, convenant or condition of
the Subordinated Lender Loan Documents, or the indebtedness evidenced
thereby, the provisions of this Agreement shall control and govern.
(c) Any notice required or permitted to be given hereunder shall be
validly given if set forth in writing and delivered by hand against
receipt or mailed, by certified mail, return receipt requested,
addressed to the parties hereto at their may designate any other address
to which any notices shall be given by notice duly given hereunder.
(d) This Agreement is intended to establish relatie rights and
priorities between FINOVA and the Subordinated Lender, only, and is not
intended to give or confer any rights to any person other than the
holders of FINOVA Debt. No party, including the Borrower, is intended
to be a third party beneficiary of this Agreement.
(e) This Agreement may not be amended or modified orally, but may be
amended or modified only in writing, signed by FINOVA and the
Subordinated Lender. No waiver of any term or provision of this
Agreement shall be effective unless it is in writing, making specific
reference to this Agreement and signed by the party against whom such
waiver is sought to be enforced. This Agreement constitutes the entire
<PAGE> 9
agreement between the parties hereto with respect to the subject matter
hereof. This Agreement shall be bindng upon the Subordinated Lender and
its successors and assigns and shall inure to the benefit of FINOVA and
its successors and assigns.
(f) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEVADA. EACH PARTY HEREBY IRREVOCABLY
CONSENTS TO THE JURISDICTION OF ANY COURT OF THE STATE OF NEVADA
LOCATED IN CLARK COUNTY, NEVADA AND OF THE UNITED STATES DISTRICT
COURT FOR THE DISTRICT OF NEVADA FOR ALL PURPOSES IN CONNECTION WITH
THIS AGREEMENT. ANY PROCESS OR NOTICE OF MOTION OR OTHER APPLICATION
TO EITHER OF SAID COURTS OR A JUDGE THEREOF, OR ANY NOTICE IN
CONNECTION WITH ANY PROCEEDINGS HEREUNDER, MAY BE SERVED INSIDE OR
OUTSIDE THE STATE OF NEVADA BY REGISTERED OR CERTIFIED MAIL, RETURN
RECEIPT REQUESTED, OR BY PERSONAL SERVICE, PROVIDED A REASONABLE TIME
FOR APPEARANCE IS ALLOWED, OR IN SUCH OTHER MANNER AS MAY BE
PERMISSABLE UNDER THE RULES OF SAID COURTS.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the day and year first above written.
SUBORDINATED LENDER:
UNITED PAYPHONE SERVICES, INC.
By:
Name: David D. Westfere
Title: President
BORROWER:
TRU-TEL COMMUNICATIONS, LLC
By:
Name: Quaid H. Quadri
Title: President/Manager
FINOVA CAPITAL CORPORATION
By:
Name:
Title:
<PAGE> 10
SCHEDULE A
Equipment
See Attached
<PAGE> 11
SCHEDULE B
Subordinated Lender Loan Documents
See Attached
