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Amendment to Lease Schedules No. 1 through 10 inclusive to Master Equipment Lease Agreement No. 3-10071

Equipment Lease Agreement

Amendment to Lease Schedules No. 1 through 10 inclusive to Master Equipment Lease Agreement No. 3-10071 | Document Parties: Data Sales Co, Inc | KeyOn Communications Holdings, Inc | KeyOn Communications, Inc You are currently viewing:
This Equipment Lease Agreement involves

Data Sales Co, Inc | KeyOn Communications Holdings, Inc | KeyOn Communications, Inc

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Title: Amendment to Lease Schedules No. 1 through 10 inclusive to Master Equipment Lease Agreement No. 3-10071
Governing Law: Minnesota     Date: 9/23/2008

Amendment to Lease Schedules No. 1 through 10 inclusive to Master Equipment Lease Agreement No. 3-10071, Parties: data sales co  inc , keyon communications holdings  inc , keyon communications  inc
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Amendment to

Lease Schedules No. 1 through 10 inclusive to

Master Equipment Lease Agreement No. 3-10071

 

This Amendment to Lease Schedules No. 1 through 10 inclusive to Master Equipment Lease Agreement No. 3-10071 dated December 13, 2007 (this “Amendment”) is entered into as of this 16 th day of September 2008, by and between KeyOn Communications Holdings, Inc and KeyOn Communications, Inc. (the “Lessee”) and Data Sales Co., Inc. (the “Lessor”). Lessee and Lessor may sometimes be referred to as the “Parties.”

 

RECITALS

 

WHEREAS, on or about December 13, 2007, Lessor and Lessee entered into that certain Master Equipment Lease Agreement No. 3-10071 dated as of December 13, 2007 (the “Master Lease”), as well as certain lease schedules thereto, defined as Lease Schedules 1 through 10 inclusive, together with all exhibits, addenda, riders, modifications, extensions, renewals and documents taken in substitution thereof (the “Lease Schedules”), for the lease by Lessor to Lessee of certain equipment noted in said Lease Schedules (the “Equipment”). The Master Lease, Lease Schedules, Equipment and any and all modifications, amendments, extensions, renewals or documents or equipment taken in substitution thereof may be referred to as the “Lease Documents,” all of which are incorporated herein by reference and made a part hereof; and

 

WHEREAS, as a result of negotiations by and between the Parties, the Parties have agreed to amend the schedules 1-10, inclusive to the Master Lease Agreement No. 3-10071 dated December 13, 2007. The restructure of these lease payments due Leessor by Lessee, entitles Lessor to additional consideration as further provided in this Agreement.

 

NOW, THEREFORE, in consideration of the mutual releases, promises, covenants, representations, and warranties contained in this Agreement, the Parties agree as follows:

 

 

1.

Consideration .

 

 

a.

Lessor agrees to suspend all rental payments due and owing by Lessee to Lesor under the Master Lease No. 3-10071 dated December 13, 2007 for the months of September, October and November of 2008.       

 

 

b.

Lessor agrees to restructure the outstanding Lease payments owed by Lessee to Lessor beginning December 7, 2008, Schedules 1-10 for a period as outlined in Amended payment schedule attached as Exhibit A. The amended payment Schedule is attached hereto as Exhibit A.        

 

 


 

c.

Lessee agrees to deliver Three Hundred and Thirty


 
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