Document:

Strategic Agreement

 Exhibit 10.5 
 Confidential Treatment Requested: 
 Confidential portions of this document have been
redacted and have been filed separately with the Commission. 
 STRATEGIC AGREEMENT 
 This Strategic Agreement (the “Agreement”) is made and entered into as of the 21st day of May 2004 by and between InterMetro Communications, Inc., a California corporation (“IMC”), and Qualitek Services, Inc., a California
corporation (“QSI”), with respect to the following facts: 
 R E C I T A L S 
 WHEREAS, IMC is engaged in the business of building a network to provide Internet Protocol services (the “Network”). 
 WHEREAS, QSI is engaged in the business of selling networking and IT equipment, including [***] (the “Equipment”). The term Equipment
will include additional types of networking and IT equipment if agreed to by the parties by written amendment to this Agreement. 
 WHEREAS, IMC believes that the Equipment will help IMC to expand its Network. 
 WHEREAS, QSI desires to provide
Equipment to IMC and IMC desires to acquire Equipment from QSI pursuant to the terms and conditions of this Agreement. 
 NOW,
THEREFORE, for good and valuable consideration the receipt and sufficiency of which are hereby acknowledged by the parties to this Agreement, and in light of the above recitals to this Agreement, the parties to this Agreement hereby agree as
follows: 
  

	1.	Equipment Orders. 

 During the term of this
Agreement, QSI agrees to make available for purchase by IMC a minimum of: 
 (a) [***] 
 (b) [***] 
 (c) [***] 
 Unless otherwise agreed by the parties in writing, IMC may order up to [***] during any calendar month. Within ten
(10) days after receipt of a written purchase order from IMC, QSI will deliver each piece of Equipment ordered per IMC’s specifications, which may or may not include cables, software, licenses and other essential components which
constitute the particular piece of Equipment, to the location designated by IMC in the purchase order at IMC’s expense; provided, however, IMC reserves the right to approve the method and provider for delivery. Attached to this Agreement as
Exhibit A is IMC’s projection of the Equipment it plans to order each month during the term of this Agreement. IMC reserves the right, exercisable in its sole discretion, to modify Exhibit A upon thirty (30) days prior notice to QSI.
Exhibit A is only a projection and this Agreement, along with Exhibit A, does not obligate IMC to purchase any Equipment from QSI. 
  

 [***]Confidential material redacted and filed separately with the Commission.

  

 -1- 

 This Agreement constitutes a security agreement and pledge agreement for all purposes under the Uniform
Commercial Code and California Law. QSI shall be the security holder of any and all Equipment provided to IMC under this Agreement, for which the Purchase Price (see below) has not been completely paid. The UCC filing will place QSI in first
position regarding all Equipment sold to IMC. Upon full payment of the Purchase Price, QSI will promptly file proper documentation which releases QSI’s security interest in that particular piece of Equipment. IMC will then own that particular
piece of Equipment free and clear of any liens or encumbrances. 
  

	2.	Equipment Warranty and Technical Support. 

 QSI warrants that each piece of Equipment purchased by IMC will remain in proper working condition and be free of any defects for one (1) year from the date IMC receives delivery of the piece of Equipment (“Warranty Period”).
During the Warranty Period, if IMC determines that a piece of Equipment is defective, QSI, at its sole expense, will deliver a replacement piece of Equipment to the location designated by IMC within twenty-four (24) hours of receipt of notice
of such defect from IMC. IMC will return the defective Equipment to QSI, at QSI’s sole expense. QSI agrees to provide its standard technical support services to IMC at no charge so that IMC can implement the Equipment ordered into the Network.

  

	3.	Right of First Refusal. 

 3.1.
Equipment Purchases by IMC. In the event IMC is able to procure a quote from a third-party vendor for a piece of Equipment at a price lower than the Economic Value, as defined in Section 4.1 of this Agreement, for such piece of
Equipment, IMC agrees to notify QSI of such quote in writing before purchasing such piece of Equipment from the third party vendor (the “Purchase Notification”). For a period of two (2) business days after receipt of the Purchase
Notification, QSI will have the right to match the quote. If QSI matches the quote, IMC must purchase such piece of Equipment from QSI at the quote price and pursuant to the other terms of this Agreement. If QSI does not match the quote, IMC may
purchase such piece of Equipment from the third-party vendor at the quote price. 
 3.2. Equipment Sales by IMC. In the event
IMC desires to sell any piece of Equipment purchased by IMC from QSI pursuant to this Agreement, IMC agrees to notify QSI in writing of the terms of IMC’s proposed sale of Equipment, including the sales price (the “Sales
Notification”). For a period of two (2) business days after receipt of the Sales Notification, QSI will have the right to purchase the Equipment at the price and on the terms specified in the Sales Notification. If QSI does not purchase
the Equipment from IMC within this period, IMC may sell the Equipment at the price and on the terms specified in the Sales Notice to a third party. 
  

	4.	Equipment Purchase Price. 

 4.1.
Economic Value. For the purposes of this Agreement the parties agree to assign the following values (the “Economic Values”) to each type of Equipment: 
 (a) [***] 
 (b) [***] 
 (c) [***] 
  

 [***]Confidential material redacted and filed separately with the Commission.

  

 -2- 

 The Economic Value of any additional type of networking or IT equipment added to this Agreement by the
parties will be set forth in a written amendment to this Agreement. 
 4.2 Purchase Price. The purchase price of each piece of
Equipment is [***] Economic Value of such piece of Equipment (the “Purchase Price”) payable in cash as set forth in Section 4.3 of this Agreement. Except as otherwise set forth in this Agreement, with respect to each piece of
Equipment purchased by IMC from QSI pursuant to this Agreement, the Purchase Price must be paid in full to QSI within [***] from the date of receipt of delivery by IMC of such piece of Equipment (the “Settlement Date”); provided IMC
reserves the right to pay any outstanding Purchase Price before the Settlement Date. IMC’s obligation to pay the Purchase Price with respect to each piece of Equipment ordered and received by IMC will survive the term of this Agreement.
Notwithstanding anything else to the contrary in this Agreement, under no circumstances will the aggregate MQER, as defined in Section 4.3 of this Agreement, paid by IMC to QSI with respect to a piece of Equipment exceed the Purchase Price of
such piece of Equipment. 
 Notwithstanding the foregoing, the Purchase Price of each [***] is payable, determinable in IMC’s sole
discretion, as follows: (a) one warrant to purchase one share of IMC common stock at an exercise price equal to the amount paid by investors for IMC’s stock in IMC’s most recent round of financing for each dollar of Economic Value or
(b) cash in the amount of a reduced MQER calculated utilizing [***] of the QRM, as defined in Section 4.3 of this Agreement, until QSI receives the Purchase Price, plus one warrant to purchase one share of IMC common stock at an exercise
price equal to the amount paid by investors for IMC’s stock in IMC’s most recent round of financing for every two (2) dollars of Economic Value. IMC must notify QSI in writing at the time IMC places a [***] order as to whether
(a) or (b) above described will apply to that particular [***] order. Applicable warrants will be issued within thirty (30) days after receipt of delivery by IMC of the applicable [***]. 
 4.3 Calculation of Monthly Qualitek Equipment Revenue. With respect to each piece of Equipment, each month IMC will pay QSI the applicable
Monthly Qualitek Equipment Revenue (“MQER”) toward the Purchase Price of such piece of Equipment. The MQER for each piece of Equipment will be calculated by multiplying the total number of Network minutes carried through such piece of
Equipment during the previous calendar month by one of the following Qualitek Revenue per Minute (“QRM”) multipliers, as applicable: 
  

	 	(a)	[***] 

  

	 	(b)	[***] 

 IMC shall have sixty (60) days from the
receipt of each piece of Equipment (“Ramp Period”) before that piece of Equipment is used to calculate the Primary Minimum MQER or the Secondary Minimum MQER, as the case may be, as defined below. If IMC sends revenue generating traffic
during the Ramp Period, IMC shall pay QSI the applicable MQER under the terms of this Agreement. 
  

 [***]Confidential material redacted and filed separately with the Commission.

  

 -3- 

 Notwithstanding anything else in this Agreement to the contrary, with respect to the [***] pieces of
Equipment purchased by IMC (“Initial Equipment Purchase Batch”), not including those [***] for which Section 4.2(a) is elected by IMC, the average MQER per Equipment within the Initial Equipment Purchase Batch must be no less than
$250 (the “Primary Minimum MQER”). The Primary Minimum MQER shall be calculated by taking the sum of all the MQER, across all pieces of Equipment, paid to QSI during the previous month and dividing by the total number of eligible pieces of
Equipment within the Initial Equipment Purchase Batch. An eligible piece of Equipment shall be defined as an Equipment piece for which its Ramp Period has elapsed and the Base Value of such piece of Equipment has not been paid to QSI. 
 With respect to all other pieces of Equipment purchased by IMC, pursuant to this Agreement, in excess of the Initial Equipment Purchase Batch, not
including those [***] for which Section 4.2(a) is elected by IMC, the average MQER per Equipment must be no less than $500 (the “Secondary Minimum MQER”). The Secondary Minimum MQER shall be calculated by taking the sum of all the
MQER, across all pieces of Equipment, paid to QSI during the previous month and dividing by the total number of eligible pieces of Equipment in excess of the Initial Equipment Purchase Batch. An eligible piece of Equipment shall be defined as an
Equipment piece for which its Ramp Period has elapsed and the Base Value of such piece of Equipment has not been paid to QSI. 
 If IMC fails
to meet the Primary Minimum MQER or the Secondary Minimum MQER for any month during the term of this Agreement, QSI may notify IMC of those applicable pieces of Equipment for which the MQER is less than the Primary Minimum MQER or the Secondary
Minimum MQER, as the case may be (the “Non Performing Equipment”). Within thirty (30) days after receipt of such written notice from QSI, IMC, exercisable in its sole discretion, must do one of the following: 
  

	 	(i)	[***] 

  

	 	(ii)	[***] 

  

	 	(iii)	[***] 

 4.4 Payment and Reporting. By no
later than the fifteenth (15th) day of each month, IMC will provide QSI with a traffic report for each piece of
Equipment, of which the Purchase Price has not been completely paid (the “Monthly Equipment Minute Report”), which details the number of minutes carried through such piece of Equipment during the prior month. IMC will include the MQER for
such piece of Equipment with the Monthly Equipment Minute Report. 
 4.5 Settlement Date. No less than thirty (30) days
prior to the Settlement Date for each piece of Equipment, QSI must notify IMC in writing of the then current outstanding balance 

  

 [***]Confidential material redacted and filed separately with the Commission.

  

 -4- 

 
of the Purchase Price owed by IMC for such piece of Equipment. Notwithstanding anything else to the contrary in this Agreement, IMC, exercisable in its sole
discretion, may notify QSI no less than fifteen (15) days prior to the Settlement Date for such piece of Equipment that it intends to forego payment of the outstanding balance of the Purchase Price owed by IMC for such piece of Equipment and
return such piece of Equipment to QSI at IMC’s sole expense. QSI will be entitled to keep any MQER previously paid by IMC to QSI through the date such piece of Equipment is returned to QSI and any warrants issued to QSI for such piece of
Equipment pursuant to Section 5 of this Agreement. IMC will not be liable to QSI for any unpaid portion of the Purchase Price. 
  

	5.	Warrants. 

 With respect to each piece of
Equipment, not including CBXs which are separately addressed in Sections 4.2(a) and (b) of this Agreement, ordered and received by IMC pursuant to this Agreement, QSI will receive one warrant to purchase one share of IMC common stock at an
exercise price equal to the amount paid by investors for IMC’s stock in IMC’s most recent round of financing for every [***]. Warrants will be issued within thirty (30) days after receipt of delivery by IMC of each applicable piece of
Equipment. 
  

	6.	Taxes and Other Obligations. 

 QSI and IMC
agree that the Purchase Price includes all obligations relating to the Equipment including the payment of all applicable state and federal sales, use, or other taxes and/or assessments with respect to each piece of Equipment purchased by IMC from
QSI pursuant to this Agreement. QSI represents and warrants that all Equipment purchased by IMC from QSI is owned by QSI and is free and clear of any liens, encumbrances, or obligations of any kind. Any obligations, including but not limited to
cash, in-kind, or other, are the sole responsibility of QSI. 
  

	7.	Exclusive Arrangement. 

 QSI agrees that it
will not enter into a similar business relationship with any other entity during the term of this Agreement. 
  

	8.	Confidentiality. 

 In connection with the
Agreement, the parties may disclose certain information related to their operations or business (the “Confidential Information”). The receiving party will not utilize any Confidential Information received from the disclosing party for any
purpose other than for the benefit of the disclosing party or in order to facilitate the transactions contemplated by this Agreement. The receiving party will not utilize the Confidential Information provided to it by the disclosing party to compete
with the disclosing party, nor will the receiving party engage in reverse engineering of the disclosing party’s Confidential Information or any other conduct which would directly or indirectly result in one party misappropriating or improperly
utilizing the rights, property, assets, or Confidential Information of the other party. The receiving party will not disclose the Confidential Information to any third party without the express prior written consent of the disclosing party. The
receiving party will maintain the confidentiality of such Confidential Information using at least the same degree of care customarily used by the receiving party to protect its own Confidential Information, but under no circumstances will the
receiving 

  

 [***]Confidential material redacted and filed separately with the Commission.

  

 -5- 

 
party use less than a reasonable degree of care. At the time of the termination of this Agreement (for any reason), the receiving party will return all
Confidential Information provided by the disclosing party to the receiving party. The disclosing party will retain ownership of all its Confidential Information, whether or not disclosed to the receiving party. 
  

	9.	Term and Termination. 

 This Agreement will
be effective as of the date first above written, and will continue for a period of two (2) years thereafter (the “Initial Term”) unless sooner terminated by either party pursuant to this Agreement. Thereafter, this Agreement will
automatically be renewed for consecutive six (6) month periods unless terminated as follows: 
  

	 	(a)	by either party giving not less than sixty (60) days written notice of cancellation to the other party prior to the end of the then current term; or 

 

	 	(b)	by either party upon three (3) days written notice to the other party if the other party materially breaches this Agreement and does not cure the breach within thirty
(30) days of receipt of written notice of the breach. 

  

	10.	Liability. 

 Neither party will be liable for
any indirect, incidental, special, consequential, exemplary, or punitive damages, including but not limited to damages for lost profits or lost revenues, whether or not caused by the acts or omissions or negligence of its employees or agents, and
regardless of whether such party has been informed of the possibility or likelihood of such damages. 
  

	11.	Notices. 

 Notice or other advice required to
be given under this Agreement will be deemed given three (3) days after it is deposited, postage prepaid, in the United States Mail, or sent via a nationally recognized overnight courier (such as FedEx) to the parties’ respective notice
addresses set forth below. If either party changes its address during the term of this Agreement, it will so advise the other party in writing and all notices and advice thereafter required to be given will be sent to such new address. In addition
to the forms of notice above, the notice as it pertains to Section 2 of this Agreement will be deemed given immediately by IMC via email and/or fax to QSI. 
  

	12.	Waivers. 

 If any party shall at any time
waive any rights hereunder resulting from any breach by the other party of any of the provisions of this Agreement, such waiver is not to be construed as a continuing waiver of other breaches of the same or other provisions of this Agreement. Resort
to any remedies referred to herein shall not be construed as a waiver of any other rights and remedies to which such party is entitled under this Agreement or otherwise. 
  

 -6- 

	13.	Assignment. 

 This Agreement may be assigned
by either party with the advanced written consent of the other party, such consent not to be unreasonably denied or delayed. Notwithstanding the foregoing, either party may assign this Agreement to a parent, subsidiary, or successor-in-interest
whether by merger, consolidation, acquisition, reorganization, or transfer of all or substantially all of its assets or otherwise without obtaining the prior written consent of the other party. This Agreement will benefit and be binding upon the
parties hereto and their respective successors and permitted assigns. In the event of any assignment, the assignor will remain liable to the other party for any loss, damage, or claim arising from the assignee’s failure to perform as required
hereunder. 
  

	14.	Entire and Sole Agreement. 

 This Agreement
constitutes the entire agreement between the parties and supersedes all other agreements, representations, warranties, statements, promises and undertakings, whether oral or written, with respect to the subject matter of this Agreement. This
Agreement may be modified or amended only by a written agreement signed by the parties against whom the amendment is sought to be enforced. 
  

	15.	Choice of Law and Venue. 

 This Agreement
will be governed by the laws of California without giving effect to applicable conflict of laws provisions. With respect to any litigation arising out of or relating to this Agreement, each party agrees that it will be filed in and heard by the
state or federal courts with jurisdiction to hear such suits located in Los Angeles County, California. 
  

	16.	Counterparts. 

 This Agreement may be
executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute but one and the same instrument. 
  

	17.	Binding Arbitration. 

 Any dispute under this
Agreement will be resolved by binding arbitration conducted in accordance with the rules and procedures of the American Arbitration Association as they are then in effect in the County of Los Angeles, State of California. In order to select an
arbitrator, each party to the dispute will select an arbitrator of its choice, and those selected arbitrators will then select by mutual agreement a single arbitrator for the proceeding. The decision of the arbitrator shall be final and binding on
the parties to this Agreement, and judgment thereon may be entered in the Superior Court for the County of Los Angeles or any other court having jurisdiction. Each party to this Agreement will advance one-half of the arbitrator’s fees; however,
all costs of the arbitration proceeding to enforce this Agreement, including attorneys’ fees and witness expenses, shall be paid by the party against whom the arbitrator rules. It is expressly agreed that the parties to any such arbitration may
take discovery as contemplated and provided for by California Code of Civil Procedure §1283.05. Notwithstanding anything herein to the contrary, the parties hereto will not be required to submit a claim to arbitration if the claim is for
temporary or preliminary equitable or injunctive relief that could not practicably be heard in a timely fashion through the arbitration process. 
  

 -7- 

	18.	Attorneys’ Fees and Costs. 

 In the
event that either party must resort to legal action in order to enforce the provisions of this Agreement or to defend such action, the prevailing party shall be entitled to receive reimbursement from the nonprevailing party for all reasonable
attorneys’ fees and all other costs incurred in commencing or defending such action, or in enforcing this Agreement, including but not limited to post judgment costs. 
  

	19.	Remedies. 

 Except as otherwise expressly
provided herein, none of the remedies set forth in this Agreement are intended to be exclusive, and each party shall have all other remedies now or hereafter existing at law, in equity, by statute or otherwise. The election of any one or more
remedies shall not constitute a waiver of the right to pursue other available remedies. 
  

	20.	Section Headings. 

 The section headings in
this Agreement are included for convenience only, are not a part of this Agreement and shall not be used in construing it. 
  

	21.	Severability. 

 In the event that any
provision or any part of this Agreement is held to be illegal, invalid or unenforceable, such illegality, invalidity or unenforceability shall not affect the validity or enforceability of any other provision or part of this Agreement. 
  

	22.	Independent Contractor. 

 Each party shall
act at all times hereunder as an independent contractor with respect to the other party, and not as an employee, partner, agent or co-venturer of or with the party. Except as set forth herein, neither party shall have nor exercise control or
direction whatsoever over the operations of the other party, and neither party shall have nor exercise any control or direction whatsoever over the employees, agents or subcontractors hired by the other party. Each party hereto shall refrain from
making any representation tending to create an apparent employment, partnership or joint venture relationship between the parties. Neither party’s employees, agents or subcontractors shall have any claim against the other party for any
compensation or remuneration other than as specifically provided in this Agreement. Both parties further waive and agree to indemnify the other party against any claims for vacation pay, sick leave, retirement or pension benefits, social security
contributions, worker’s compensation insurance or benefits, disability or unemployment benefits, welfare and pension benefits and obligations of the other party under the Employee Retirement Income Security Act of 1974, or other benefits of any
kind customarily afforded to any employee. 
  

	23.	Publicity. Each party shall obtain the other party’s written consent prior to any publication, presentation, public announcement or press release
concerning the relationship between the parties or the existence or terms and conditions of this Agreement. 

  

 -8- 

 IN WITNESS WHEREOF, this Agreement has been entered into as of the date first above written.

  

									
	IMC:	 		 	 INTERMETRO COMMUNICATIONS, INC.,
 a California corporation

					
		 		 		 	 By:
	 	 /S/    CHARLES
PRICE

		 		 		 		 	 Charles Rice, Chief Executive Officer

				
		 		 		 	  
		 		 		 	 Address

				
		 		 		 	  
		 		 		 	 City                                     State
                                    Zip

			
	QSI:	 		 	 QUALITEK SERVICES, INC.,
 a California corporation

					
		 		 		 	 By:
	 	 /S/    W.H. MANBY

		 		 		 		 	 W.H. Manby, Chief Executive Officer

				
		 		 		 	  
		 		 		 	 Address

				
		 		 		 	  
		 		 		 	 City                                     State
                                    Zip

  

 -9-Master Lease Agreement

 Exhibit 10.6 
 Confidential Treatment Requested: 
 Confidential portions of this document have been
redacted and have been filed separately with the Commission. 
 VENCORE SOLUTIONS LLC

 4500 SW Kruse Way, Suite 350 Ÿ Lake Oswego, OR 97035 
 503.699.4997 Ÿ FAX: 503.675.3136 
 MASTER LEASE AGREEMENT 
 NUMBER 4402 
  

			
	 LESSEE NAME AND ADDRESS
	  	LESSOR NAME AND ADDRESS
		
	 INTERMETRO COMMUNICATIONS, INC.
	  	VENCORE SOLUTIONS LLC
	 2685 PARK CENTER DRIVE, BLDG A
	  	4500 SW KRUSE WAY, SUITE 350
	 SIMI VALLEY, CA 93065
	  	LAKE OSWEGO, OR 97035

 Terms and Conditions 
 1. LEASE LINES AND LEASES. 
 a) Lease Lines.  LESSOR and LESSEE hereby agree that LESSOR
will acquire and lease to LESSEE, EQUIPMENT with an aggregate value of up to the amount specified under “Approved Amount of Lease Line” on the Lease Line Schedule attached as Exhibit A-l to this Master Lease Agreement (such commitment is
referred to as a “LEASE LINE”) From time to time, LESSOR and LESSEE may (but are under no obligation to) agree to establish one or more additional LEASE LINES pursuant to which LESSOR agrees to acquire and lease to LESSEE, EQUIPMENT with
an aggregate value of up to the amount specified for each such LEASE LINE. For each LEASE LINE agreed by the parties, LESSOR and LESSEE will execute an additional Exhibit A to this Master Lease Agreement, and each such Exhibit A will be numbered
sequentially (i e., designated as Exhibit A-2, Exhibit A-3, etc.) and will incorporate the terms of this Master Lease Agreement. No LEASE LINE shall be established, and LESSOR shall have no liability or obligation under any LEASE LINE, unless and
until the appropriate Exhibit A is executed by both LESSOR and LESSEE. 
 b) Leases.  LESSOR and LESSEE agree that the terms of
this Master Lease Agreement shall apply to and be incorporated by reference in one or more Lease Schedules, each of which reference(s) the Master Lease Agreement Number indicated above. The word “LEASE” shall mean any one of the individual
Lease Schedules executed hereunder, each of which shall incorporate the terms and conditions of this Master Lease Agreement (including the terms specified on the applicable Exhibit A hereto, as determined below) and shall be evidenced by the
original Lease Schedule and an attached copy of this Master Lease Agreement. The word “LEASES” shall mean all of the individual Lease Schedules executed under and incorporating the terms of this Master Lease Agreement collectively. The
word “EQUIPMENT” shall mean (i) for purposes of each LEASE, the EQUIPMENT, which is the subject of such LEASE, as defined and described in the applicable Lease Schedule, and/or (ii) all of the EQUIPMENT subject to all of the
LEASES, collectively, in each case as the context may require. Each Lease Schedule will include an EQUIPMENT description, the EQUIPMENT location, the minimum lease term and payment and security deposit information. Each LEASE shall be enforceable
upon execution by LESSEE and subsequent counter-signature by LESSOR indicating acceptance. By entering into each Lease Schedule, LESSOR and LESSEE agree that (i) the transaction effected by the Lease Schedule constitutes a lease funding by
LESSOR under the LEASE LINE then in effect, (ii) LESSOR’S remaining funding obligations under the applicable LEASE LINE shall be reduced accordingly, and (iii) the initial lease period, the initial rent payment amount, the
documentation fees, the security deposit payment and release requirements, the renewal rent payment amounts applicable to the LEASE shall be determined pursuant to the applicable LEASE LINE, as outlined on the Exhibit A to this Master Lease
Agreement which specifies a “Date of Lease Line Approval” occurring on or before the date of the Lease Schedule and a “Funding Expiration Date” occurring after the date of acceptance of the Lease Schedule by LESSOR, and shall be
set forth with specificity on the applicable Lease Schedule. 
 2. RENTAL PAYMENTS. Unless otherwise agreed in writing, each regular periodic payment
of rent due during the term of each LEASE shall be due on either the tenth (10th) day of the month or the
twenty-fifth (25th) day of the month (the “billing date”) The first billing date under each LEASE
where LESSEE’s acceptance occurred after the twentieth (20th) day of the month and 

  

					
	 Master Lease Agreement
	  		  	Page 1 of 6
			
	 Confidential
	  		  	cr (initial)

 
prior to the sixth (6th) day of the following month shall be the tenth (10th) day of the month immediately
following LESSEE’S acceptance of the EQUIPMENT, or, if LESSEE’S acceptance occurs after the fifth (5th) day of a month and prior to the twenty-first (21st) day of the month, then the first
billing date shall be the twenty-fifth (25th) day of the month that LESSEE completed its acceptance of the
EQUIPMENT. On the date of acceptance of EQUIPMENT by LESSEE, LESSEE shall pay to LESSOR pro rated rent, together with applicable taxes, from the date of acceptance of the EQUIPMENT until the first billing date as interim rent. In addition, LESSEE
shall pay to LESSOR, on demand by LESSOR, an amount equal to one thirtieth (1/30) of the proportional monthly rental payment per day for any amount funded by LESSOR prior to acceptance of the EQUIPMENT by LESSEE as additional interim rent.
LESSEE agrees to pay rent for the minimum term specified on the Lease Schedule, commencing on the first billing date and continuing until the EQUIPMENT is returned to LESSOR on expiration or earlier termination of the LEASE. Each periodic rental
installment shall be the sum set forth on the applicable Lease Schedule, plus any applicable sales and/or use taxes, and shall, at LESSOR’S option, include a pro rata portion of that year’s property tax. Payments shall be made by LESSEE at
LESSOR’S address set forth herein or as otherwise directed by LESSOR. LESSEE shall not abate, set off, deduct any amount or reduce any payment for any reason without the prior written consent of LESSOR Payments are delinquent if not in
LESSOR’S possession by the due date. 
 3. COMMENCEMENT AND TERMINATION. The LEASE term shall commence on acceptance of the EQUIPMENT by LESSEE.
The LEASE shall terminate on the expiration of its minimum term in months as set forth in the Lease Schedule following the first billing date and the fulfillment of all obligations of LESSEE thereunder or upon notice by LESSOR in the case of LESSEE
default. In the event LESSEE retains part or all of the EQUIPMENT beyond the term of the LEASE, then the terms of the LEASE shall stay in effect during such hold-over period, subject to LESSOR’S right on default to terminate the LEASE.

 4. NO WARRANTIES BY LESSOR. LESSOR makes no warranty, express, implied or statutory, as to any matter whatsoever, including, without limitation, the
condition of the EQUIPMENT, its merchantability or its fitness for any particular purpose, and as to LESSOR, LESSEE leases the EQUIPMENT “AS IS”. 
 5. CHOICE OF LAW, VENUE AND JURISDICTION. The LEASE shall be deemed to have been made and shall be construed in accordance with the laws of the State of Oregon. Any and all suits or actions to enforce or for breach of the LEASE must
be instituted and maintained in Multnomah County, State of Oregon, and LESSEE expressly agrees to submit to personal jurisdiction in such venue.

 6. ASSIGNMENT. Without LESSOR’S prior written consent, which consent will not be unreasonably withheld, LESSEE shall not
assign, transfer, pledge, hypothecate or otherwise dispose of the LEASE, any interest therein, or sublease or loan the EQUIPMENT or permit it to be used by anyone other than LESSEE or LESSEE’S qualified employees. LESSOR may assign the
LEASE and/or grant a security interest in the EQUIPMENT, in whole or in part, to one or more assignees, without notice to LESSEE. LESSOR’S assignee(s) and/or the secured party(ies) may reassign the LEASE, and/or such security interest without
notice to LESSEE. Each such assignee and/or such secured party shall have all rights of LESSOR under the LEASE, but no such assignee or secured party shall be bound to perform any obligation of LESSOR. LESSEE shall recognize each such assignment and
shall not assert against any assignee and/or secured party any defense, counterclaim or setoff it may have against LESSOR. LESSEE acknowledges that any assignment or transfer by LESSOR shall not materially change LESSEE’S duties or obligations
under the LEASE nor materially increase the burdens or risks imposed on LESSEE. 
 7. SELECTION AND ACCEPTANCE OF EQUIPMENT. LESSEE has selected both
the EQUIPMENT and the supplier(s) from whom LESSOR is to purchase the EQUIPMENT. LESSEE shall arrange for transportation, delivery and installation of the EQUIPMENT at LESSEE’S expense. LESSEE acknowledges that it has examined the EQUIPMENT as
fully as it desires. If the EQUIPMENT is not properly installed, its delivery is delayed, it does not operate as represented by the supplier’s) or it is unsatisfactory for any reason, LESSEE shall make no claim on account thereof against
LESSOR. LESSEE authorizes LESSOR to insert in the LEASE or other documents the serial numbers and other identification information for the EQUIPMENT as determined by LESSOR. 
 8. SUPPLIER/BROKER NOT AGENT OF LESSOR. LESSEE understands and agrees that neither the supplier(s), nor any salesperson or agent of the supplier(s), is an agent of LESSOR. LESSEE further agrees that if any
transaction hereunder is presented to LESSOR by a lease broker, that such broker is acting as an agent of LESSEE and is not an agent of LESSOR. No salesperson or agent of the supplier(s) or broker(s) is authorized to waive or alter any term or
condition of the LEASE, and no representation as to the EQUIPMENT or any matter by the supplier(s) or broker(s) shall in any way affect LESSEE’S duty to pay rent and perform its other obligations set forth in the LEASE. 
 9. SECURITY DEPOSIT. Security deposits received by LESSOR are to guarantee prompt and full payment of rent and the faithful and timely performance of all
provisions of the LEASE by LESSEE. Security deposits secure all obligations of LESSEE 

  

					
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to LESSOR under the LEASES or otherwise. Unless otherwise specified in the applicable Exhibit A to this Master Lease Agreement or in another instrument in
writing signed by LESSOR and LESSEE, no interest will accrue on the security deposit to the account of LESSEE. If LESSEE is not in default under any agreement with LESSOR, the security deposit shall be returned to LESSEE per the terms specified in
the applicable Exhibit A to this Master Lease Agreement or such other instrument in writing signed by LESSOR and LESSEE. In the event LESSEE defaults on any of its obligations to LESSOR, LESSOR shall have the right, but shall not be obligated, to
apply the security deposit to cure such default, and if so applied, LESSEE shall, within ten (10) days, restore the security deposit to the full amount held by LESSOR prior to any application to cure such default. 
 10. CANCELLATION FOR NON-DELIVERY. If, within 30 days after the LEASE is signed by LESSEE, the EQUIPMENT has not been delivered to and accepted by LESSEE and if
LESSOR has accepted the LEASE by signing, LESSOR, by written notice to LESSEE, shall have the option at any time thereafter to terminate LESSOR’s obligation, if any, to lease the subject EQUIPMENT to LESSEE. 
 11. LEASE TERMINATION OPTIONS. Upon LEASE Termination, and provided LESSEE is not in default, LESSEE will have an option to purchase all, but not less than all,
or the EQUIPMENT, renew the term of the LEASE, or return all, but not less than all, of the EQUIPMENT to LESSOR, as set forth in the applicable Exhibit A- to the Master Lease Agreement. 
 12. OWNERSHIP. The EQUIPMENT shall at all times remain the personal property of LESSOR LESSEE will at all times protect and defend, at its own cost and expense, the ownership of LESSOR against all claims, liens
and legal processes of creditors of LESSEE and other persons, and keep the EQUIPMENT free and clear from all such claims, liens and processes. If the LEASE is deemed at any time to be one intended as security or should LESSOR agree at any time to
sell the EQUIPMENT to LESSEE, LESSEE agrees that the EQUIPMENT shall secure, in addition to the indebtedness set forth in the LEASE, indebtedness at any time owing by LESSEE to LESSOR. Notwithstanding any other terms and conditions of the LEASE, in
the event that the EQUIPMENT includes computer software, LESSEE agrees that LESSOR has not had, does not have, nor shall have any title to such computer software LESSEE may have executed or may execute a separate software license agreement(s) and
LESSEE agrees that LESSOR is not a party to nor responsible for any performance with regard to such license agreement(s). 
 13. LOCATION AND RIGHT OF
INSPECTION. The EQUIPMENT shall be kept at the location specified on the Lease Schedule or, if none is specified, at LESSEE’S address as set forth therein, and shall not be removed from there without LESSOR’s prior written consent
which consent will not be unreasonably withheld. LESSOR shall have the right at any time during normal business hours and upon reasonable notice to inspect the EQUIPMENT and for that purpose have access to the location of the EQUIPMENT. 

14. USE AND OPERATION. LESSEE shall use the EQUIPMENT in a careful manner and shall comply with all laws relating to its possession, use and maintenance LESSEE
represents that the EQUIPMENT shall be used in its business or commercial concern and that no item of EQUIPMENT will be used for personal, family or household purposes. 
 15. REPAIRS AND ALTERATIONS. LESSEE shall at its own expense maintain the EQUIPMENT in good repair, appearance and functional order. LESSEE agrees to comply with all maintenance schedules and procedures
recommended by the manufacturer of the EQUIPMENT and, if available, purchase or otherwise enter into and adhere to dealer maintenance contracts. LESSEE shall not make any alterations, additions or improvements to the EQUIPMENT without
LESSOR’s prior written consent which consent will not be unreasonably withheld. All alterations, additions or improvements made to the EQUIPMENT shall belong to LESSOR. 
 16. LOSS AND DAMAGE. LESSEE shall bear the entire risk of loss, theft, damage or destruction of the EQUIPMENT from any cause whatsoever and, as between LESSOR and LESSEE, unless otherwise agreed between the
parties, LESSEE shall bear that risk of loss during transportation and delivery, and LESSEE shall arrange and pay for transportation and delivery. No loss, theft, damage or destruction of the EQUIPMENT shall relieve LESSEE of the obligation to pay
rent or to comply with any other obligation under the LEASE. In the event of damage to any item of EQUIPMENT, LESSEE shall immediately place the same in good repair at LESSEE’s expense. If either LESSOR or LESSEE determines that any item of
EQUIPMENT is lost, stolen, destroyed or damaged beyond repair, LESSEE shall, at LESSEE’s option (a) replace the same with like EQUIPMENT in good repair, acceptable to LESSOR, or (b) pay LESSOR a sum equal to (i) all amounts due
by LESSEE to LESSOR under the LEASE up to the date of the loss, (ii) the unpaid balance of the total rent for the remaining term under the LEASE which is attributable to said item of EQUIPMENT, and (iii) an amount equal to eighteen percent
(18%) of the original cost of said item of EQUIPMENT, which the parties agree shall represent the fair market value of LESSOR’s residual interest in said item of EQUIPMENT. The amounts in (ii) and (iii) shall be discounted to present
value at a discount rate of six percent (6%) per annum. 
 17. INSURANCE. LESSEE shall provide and maintain primary insurance against loss,
theft, damage or destruction of the EQUIPMENT in an amount not less than the full replacement value of the EQUIPMENT, with loss payable to LESSOR and with zero deductible. At LESSOR’s request, LESSEE also shall provide and maintain primary
comprehensive general all risk liability 

  

					
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insurance. Such insurance shall include, but shall not be limited to, product liability coverage, insuring LESSOR and LESSEE, with a severability of interest
endorsement or its equivalent, against any and all loss or liability for all damages, either to persons, property or otherwise, which might result from or happen in connection with the condition, use or operation of the EQUIPMENT, with such limits
and with an insurer satisfactory to LESSOR. Each policy shall expressly provide that the insurance as to LESSOR shall not be invalidated by any act, omission or neglect of LESSEE and cannot be canceled without thirty (30) days written notice to
LESSOR. As to each policy, LESSEE shall furnish to LESSOR a certificate of insurance from the insurer evidencing the insurance coverage required by this Section. If LESSEE fails to procure or maintain such insurance, LESSOR shall have the right, but
shall not be obligated, to obtain such insurance as to LESSOR’s and/or LESSEE’s interests. In that event, LESSEE shall repay to LESSOR the cost thereof with the next payment of rent, together with late charges as set forth in
Section 24. For all EQUIPMENT leased by LESSOR to LESSEE, LESSEE irremovably appoints LESSOR as LESSEE’s attorney-in-fact to make claim for, receive payment of, and execute and endorse all documents, checks or drafts received in payment
for loss or damage under such insurance policy(ies). All obligations of this Section shall extend throughout the term of the LEASE and until the EQUIPMENT is returned to LESSOR. 
 18. LIENS AND TAXES. LESSEE shall keep the EQUIPMENT free and clear of all levies, liens and encumbrances. LESSEE shall pay LESSOR, on or before the due date, all charges and taxes, local, state or federal,
which may now or hereafter be imposed upon the ownership, leasing, rental, sale, purchase, possession or use of the EQUIPMENT, excluding, however, all taxes on LESSOR’s income. If LESSEE fails to pay said charges or taxes to LESSOR when due,
LESSOR shall have the right, but shall not be obligated, to pay said charges or taxes, and add the same to the next payment of rent, together with late charges as set out in Section 24. LESSEE agrees to pay a reasonable fee to LESSOR for the
processing of property tax payments. 
 19. INDEMNITY. LESSEE shall indemnify LESSOR against, and hold LESSOR harmless from, any and all claims,
actions, proceedings, expenses, damages and liabilities, including attorney fees, arising in connection with the EQUIPMENT, including, without limitation, its manufacture, selection, purchase, delivery, possession, use, operation or return and the
recovery of claims under insurance policies thereon. This indemnity provision shall survive termination, cancellation or breach of the LEASE. 
 20.
MISCELLANEOUS REPRESENTATIONS OF LESSEE. LESSEE and any guarantor of the LEASES shall provide LESSOR with such corporate resolutions, financial statements, and all other documents regarding the financial or credit condition of LESSEE or any
guarantor, which LESSOR may request from time to time. LESSEE represents and warrants that all credit and financial information submitted to LESSOR in connection with the LEASES is materially true and correct in all respects. LESSEE agrees that
LESSOR and/or its assigns may at any time investigate the credit-worthiness of LESSEE using all available means. 
 21. FINANCIAL STATEMENTS AND FIXED
ASSET LISTS. So long as any monies are owed by LESSEE to LESSOR under the terms of any LEASE, and/or until all terms under each LEASE have been fulfilled, LESSEE will provide LESSOR with financial statements on a monthly basis and will provide
LESSOR with fixed asset lists on a quarterly basis. LESSEE represents and warrants that all credit and financial information submitted to LESSOR in connection with the LEASE is materially true and correct in all respects. 
 22. UNIFORM PERSONAL PROPERTY LEASING ACT. To the extent permitted by applicable law, and to the extent the LEASE is governed by the law of a jurisdiction which
has adopted a version of the Uniform Personal Property Leasing Act (also known as “Uniform Commercial Code - Leases”), the parties hereto agree that: (1) the provisions thereof conferring remedies upon a LESSEE or imposing obligations
upon a LESSOR shall not apply to the LEASE, its interpretation, or its enforcement; and (2) each LEASE is a Finance Lease as defined by Uniform Commercial Code - Section 2A-103(g). LESSEE acknowledges that LESSEE has reviewed and approved any
written Supply Contract(s) covering the EQUIPMENT purchased from the Supplier(s) for lease to LESSEE. LESSEE further acknowledges that LESSOR has informed or advised LESSEE, in writing, either previously or in the LEASE, of the following:
(a) the identity of the Supplier(s); (b) that the LESSEE may have rights under the Supply Contract(s); and (c) that the LESSEE may contact the Supplier(s) for a description of any such rights LESSEE may have under the Supply
Contract(s). 
 23. FINANCING STATEMENTS. At the request of LESSOR, LESSEE will join LESSOR in executing financing statements pursuant to the Uniform
Commercial Code. For any and all EQUIPMENT leased by LESSOR to LESSEE, LESSEE hereby authorizes LESSOR or its agents or assigns to execute financing statements on LESSEE’s behalf, and to file such financing statements in all jurisdictions where
such execution and filing is permitted. It is agreed that a carbon or photocopy of any financing statement may be filed in place of the original and that a copy hereof may be filed as a financing statement. 
 24. LATE CHARGES AND INTEREST. If LESSEE fails to pay LESSOR any amount when due or, in the case of an amount due to one other than LESSOR, if LESSOR pays an
amount on LESSEE’s behalf, then LESSEE shall pay LESSOR a late 

  

					
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charge of five percent (5%) of such amount for each calendar month or part thereof for which rent or other sum shall be delinquent or shall have been
paid by LESSOR on LESSEE’s behalf. LESSEE also agrees to pay LESSOR the sum of thirty-five dollars ($35.00) for each check of LESSEE’s returned uncollectable by LESSEE’s bank. The amount of any charges assessed hereunder shall be
added to and become part of the next rental payment or shall be separately invoiced, at LESSOR’s option. Interest shall accrue on any unpaid or unreimbursed amounts at the maximum rate allowable by law or eighteen percent (18%), whichever is
less, from the due date until paid by LESSEE. 
 25. TIME IS OF THE ESSENCE. Time is of the essence of the LEASE. This provision shall not be waived
by the acceptance on occasion of late or defective performance. 
 26. DEFAULT. LESSEE shall be in default if (a) LESSEE shall fail to pay rent
or any other amount provided for under the LEASE within ten (10) days after the same becomes due and payable; or (b) LESSEE fails to observe, keep or perform any other provision of the LEASE or of any other agreement with LESSOR, and such
failure shall continue for a period of ten (10) days; or (c) LESSEE shall abandon the EQUIPMENT; or (d) except as inconsistent with Federal Bankruptcy Law, any proceeding in bankruptcy, receivership or insolvency shall be commenced
against LESSEE or its property or any guarantor or such guarantor’s property, LESSEE or any guarantor files voluntarily for bankruptcy or reorganization, or LESSEE or any guarantor makes an assignment for the benefit of its creditors; or
(e) LESSEE or any guarantor makes any material misrepresentation or materially false statement as to its credit or financial standing in connection with the execution or the further performance of the LEASE; or (f) any attachment or
execution be levied on any of LESSEE’s property; or (g) LESSEE permits any other entity or person to use the EQUIPMENT without the prior written consent of LESSOR; or (h) in the business and affairs of LESSEE or any guarantor there
occurs a material change which shall impair the security of the EQUIPMENT or increase LESSOR’s credit risk involved in the LEASE; or (i) LESSEE moves any EQUIPMENT under LEASE to any location outside of the United States and/or moves any
EQUIPMENT under LEASE to any other location not previously authorized in writing by LESSOR. 
 27. REMEDIES. In the event of LESSEE default, LESSOR
shall have the right and option, but shall not be obligated, to exercise any one or more of the following remedies, which remedies or any of them may be exercised by LESSOR without notice to LESSEE and without any election of remedies by LESSOR and,
if the obligations of LESSEE are guaranteed by a guarantor or guarantors, LESSOR shall not be obligated to proceed against any such guarantor or guarantors before resorting to its remedies against LESSEE under the LEASE: (a) to the extent
permitted under applicable law, LESSOR and/or its agents may, without notice or legal process, enter onto any premises of or under control of LESSEE or any agent of LESSEE where the EQUIPMENT may be or is believed to be located and repossess the
EQUIPMENT, disconnecting and separating all thereof from any other property, using all means necessary or permitted by law, LESSEE hereby expressly waiving any right of action of any kind whatsoever against LESSOR arising out of such access to or
removal, repossession or retention of the EQUIPMENT; (b) LESSOR may declare all sums due and to become due under the LEASE immediately due and payable and institute litigation to collect the same; (c) LESSOR may institute litigation to
collect all rents and other amounts due as of the date of such default together with any sums that may accrue up to the date of trial, (d) LESSOR may institute litigation to specifically enforce the terms of the LEASE; (e) LESSOR may
terminate the LEASE; (f) LESSOR may require LESSEE to return the EQUIPMENT pursuant to Section 11; and/or (g) LESSOR may pursue any other remedy now, or hereafter, existing in law or equity. However, damages for any future rentals
and/or LESSOR’s residual value in the EQUIPMENT shall be discounted to present value at a discount rate equal to six percent (6%) per annum. In the event of any default by LESSEE under the LEASE, LESSOR may at its sole discretion, although
it shall not be obligated to do so, sell the EQUIPMENT at a private or public, cash or credit sale, or may re-let the EQUIPMENT for a term and a rental which may be equal to, greater than, or less than provided in the LEASE. Any proceeds of sale or
any rental payments received under the new lease, less LESSOR’s expenses of taking possession, reasonable attorney fees and/or collection fees, storage and/or reconditioning costs, the costs of sale or re-letting, and less LESSOR’s FMV
residual in the EQUIPMENT, shall be applied to LESSEE’s obligations under the LEASE, and LESSEE shall remain liable for the balance. LESSEE’s liability shall not be reduced by reason of any failure of LESSOR to sell or re-let. 

28. EXPENSES OF ENFORCEMENT, ATTORNEY FEES. In the event of any default, LESSEE shall pay LESSOR a sum equal to all expenses, including attorney fees, if any,
incurred by LESSOR in connection with the enforcement of any of LESSOR’s remedies and all expenses of repossessing, storing, repairing, and selling or re-letting the EQUIPMENT together with interest on such amount at the maximum rate allowable
by law or eighteen percent (18%), whichever is less, from the date such amount is paid by LESSOR. In the event litigation is instituted to enforce any of the terms of the LEASE, the prevailing party shall be entitled to recover from the other party
such sum as the court may judge reasonable as attorney fees at trial and upon appeal, in addition to all other sums provided for by law. 
 29. SUCCESSOR
INTERESTS. Subject to any prohibition against assignment contained herein, each LEASE shall be binding upon and inure to the benefit of the heirs, successors and assigns of the parties. As used in each LEASE, the term “LESSOR” shall
include any assignee or secured party of LESSOR where appropriate. 
  

			
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 30. MULTIPLE LESSEES. If more than one LESSEE is named herein, the reference to LESSEE refers to each and the
liability of each shall be joint and several. 
 31. NOTICES. Any written notice or demand under the LEASE may be given to a party by mail at its
address set forth on the Lease Schedule or at such address as the party may provide in writing from time to time. Notice and demand so made shall be effective when deposited in the United States mail duly addressed with postage prepaid. 

32. WAIVER. Failure of LESSOR at any time to require performance of any provision of the LEASE shall not limit any right of LESSOR to enforce that provision,
nor shall any waiver by LESSOR of any breach of any provision be a waiver of any succeeding breach of that provision or a waiver of that provision itself or any other provision. 
 33. NUMBER AND CAPTIONS. As used herein, the singular shall include the plural, and the plural the singular All captions used herein are intended solely for convenience of reference and shall in no way limit or
explain any of the provisions of the LEASE. 
 34. DUPLICATE ENFORCEABLE AS ORIGINAL. LESSEE hereby consents to the use of each original Lease
Schedule, along with a photocopy of the fully executed Master Lease Agreement, for all purposes including, but not limited to, evidence the applicable LEASE in litigation or any other judicial proceeding. 
 35. SEVERABILITY. If any provision of the LEASE is held invalid, such invalidity shall not affect other provisions, which can be given effect without the invalid
provision. 
 36. ENTIRE AGREEMENT. This Master Lease Agreement and each Lease Schedule, represent the entire, final and complete agreement of the
parties pertaining to the lease of the EQUIPMENT under such LEASE and supersedes or replaces all written and oral agreements heretofore made or existing by and between the parties or their representatives insofar as the lease of the EQUIPMENT is
concerned, and no modification or addition to the LEASE shall be binding unless agreed by a corporate officer, against whom enforcement is sought. 
 PLEASE REQUEST ANY CHANGES 
 LESSEE ACKNOWLEDGES THAT IT HAS READ AND UNDERSTANDS ALL OF THE TERMS AND CONDITIONS CONTAINED IN
THIS MASTER LEASE AGREEMENT AND THAT THESE TERMS AND CONDITIONS SHALL GOVERN EACH LEASE ENTERED INTO BY THE PARTIES. 
  

															
	LESSOR	 	Date  03/2/04	 		 	LESSEE	 		 		 	Date  02/10/04
				
	VENCORE SOLUTIONS LLC	 		 	INTERMETRO COMMUNICATIONS, INC.	 	
		 		 	FULL LEGAL NAME OF LESSEE	 	
						
	By:	 	/s/ Illegible	 		 	By:	 	/s/ Charles Rice  FOR INTERMETRO COMMUNICATIONS	 	CEO
		 		 		 	CHARLES RICE                  	 	(TITLE)
					
	THIS MASTER LEASE AGREEMENT WILL NOT BIND LESSOR OR BECOME EFFECTIVE UNTIL AND UNLESS LESSOR ACCEPTS IT BY SIGNING ABOVE.	 		 	By:	 	  	 	  
		 		 		 		 		 	(TITLE)
					
		 		 	By:	 	 /s/ Vincent Arena
	 	Illegible
		 		 		 	WITNESS	 	(TITLE)
					
		 		 		 	VINCENT J. ARENA	 	  
		 		 		 	PRINT NAME OF WITNESS	 	

  

					
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 VENCORE SOLUTIONS LLC 
 VENCORE SOLUTIONS LLC 
 4500 SW Kruse Way, Suite 350 Ÿ
Lake Oswego, OR 97035 
 503.699.4997 Ÿ FAX: 503.675. 3136 
 EXHIBIT A–1 
 TO 
 MASTER LEASE AGREEMENT NUMBER 
 4402 
  

			
	 LESSEE NAME AND ADDRESS
	  	 LESSOR NAME AND ADDRESS

		
	 INTERMETRO COMMUNICATIONS, INC.
 2685 PARK
CENTER DRIVE, BLDG A
 SIMI VALLEY, CA 93065
	  	 VENCORE SOLUTIONS LLC
 4500 SW KRUSE WAY, SUITE 350
 LAKE OSWEGO, OR 97035

  

			
	 Date of Lease Line Approval:
	  	February 4, 2004
		
	 Funding Expiration Date:
	  	March 31, 2004
		
	 Approved Amount of Lease Line:
	  	$340,000.00
		
	 Minimum Funding Amount:
	  	$20,000.00
		
	 Initial Monthly Rent Factor:
	  	
		
	 Hardware Facility:
	  	4.90%
	 Software Facility:
	  	6.40%
		
	 Initial Lease Term:
	  	
		
	 Hardware Facility:
	  	24 Months
	 Software Facility:
	  	18 Months
		
	 Documentation Fees:
	  	1.25% of the total equipment invoice amount included on the individual Lease Schedule, or $ 250.00, whichever is greater.
		
	 Security Deposit Percentage:
	  	[***]%
		
	 Security Deposit Amount:
	  	$[***] (based on Approved Amount of Lease Line)
		
	 Security Deposit Early Releases:
	  	Before releasing Security Deposits prior to Lease end the following three
	conditions must exist: 1) Lessor must be in receipt of Lessee’s financial statements (Income/Profit & Loss Statement, Balance Sheet, Cash Flow Statement and Fixed Asset
List) that are no more than 30 days old, 2) Lessee must demonstrate that they have cash reserves to service their debt for at least the subsequent six months, and 3) all payments must have been paid as agreed and all Lease Schedules must be
current.

 On each individual Lease Schedule, providing the above requirements for “early security deposit
releases” have been met, Lessor will release Fifty Percent (50%) of the Security Deposit to Lessee after Lessee has paid Lessor Twelve (12) payments. 
  
 [***]Confidential material redacted and filed separately with the Commission. 
  

					
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 At the time Security Deposits, or any portion thereof, are released by Lesso to Lessee, Lessor will pay One Percent (1%)
interest per annum on the Security Deposit amount being released. At the time of a Security Deposit release, interest will be calculated from the date the Security Deposit was received by Lessor until the date Lessor releases the Security Deposit

 Minimum Renewal Rent Factor: 
  

				
	 Hardware Facility:
	  	4.90	%
	 Software Facility:
	  	6.40	%

 Cross Collateralization: All Equipment that Lessee leases from Lessor will be Cross Collateralized Lessor
will release its security interest in the Equipment after all Lease Schedules have been paid in full. 
 Eligible Equipment 
 Hardware Facility: Telecom Switches, Routers & Ports, Computer Servers, personal Computers, Office Printers & Routers. No Soft
Cost, as described under Software Facility shown below, shall be included under the terms of the Hardware Facility. No equipment may be shipped to and/or located at a co-location facility or any facility other than Lessee’s principal place of
business, unless the co-location facility first provides Lessor with a waiver acknowledging Lessor’s ownership of the equipment. All equipment to be leased must be approved by Lessor. 
 Software Facility: Up to One Hundred Thousand and 00/100 ($100,000.00) of Approved Amount of Lease Line may be comprised of Soft Costs
(“SOFT”) where SOFT will include, but not be limited to, delivery costs, design and engineering costs, extended warranties, installation costs, labor, leasehold improvements, maintenance and upgrade contracts, sales tax, software, trade
show booths, training, and upgrades to any equipment in which Lessor does not hold a security interest. No equipment may be shipped to and/or located at a co-location facility or any facility other than Lessee’s principal place of business,
unless the co-location facility first provides Lessor with a waiver acknowledging Lessor’s ownership of the equipment. All equipment to be leased must be approved by Lessor. 
 End of Lease Options: 
 Hardware Facility: 
  

	 	a)	Purchase Option. If Lessee exercises the option to purchase, then provided no Event of Default has occurred and is then continuing, Lessee will at the expiration of the Lease
term, renewal term or extension, as the case may be, purchase all, but not less than all, of the Equipment. The purchase price shall be the Equipment’s then fair market value (“FMV”) plus any applicable sales or other transfer tax
FMV, as applied to a purchase option, will be determined by Lessor based on a price a willing buyer would pay and a willing seller would accept (neither buyer nor seller being compelled to act) for the Equipment as installed and in use, giving due
consideration to its condition, utility, revenue-producing capability, and replacement costs and shall not be less than 10% of the original cost of equipment. 

  

	 	b)	Renewal. If Lessee exercises the option to renew, then provided no Event of Default has occurred and is then continuing, Lessee will at the expiration of the Lease term renew
the Lease with respect to all, but not less than all, of the Equipment for a period of Three (3) months. Such renewal will be upon the terms of the Lease and the applicable Lease Schedule and the monthly rental amount will be the same as the
contracted monthly payment amount on the applicable Lease Schedule. 

  

	 	c)	Return. On the expiration of the Lease, or earlier termination of the Lease, or on Lessee default if Lessor chooses, Lessee, at its expense, freight prepaid with full
original value declared and insured, shall immediately return all, but not less than all, of the Equipment unencumbered to Lessor in good repair, condition and working order, ordinary wear and tear resulting from proper use thereof alone excepted,
by properly packing it for shipment and delivering it to any reasonable place designated by Lessor. Lessee will also pay Lessor an amount equal to Five Percent (5%) of the original invoice amount of the Equipment specified in the applicable Lease
Schedule as a restocking fee. 

  

					
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 Software Facility: Upon Lease termination and providing Lessee is not in default, Lessee will
exercise the option to purchase, providing no Event of Default has occurred and is then continuing, Lessee will at the expiration of the Lease term, purchase all, but not less than all, of the SOFT Equipment. The purchase price will be [***] of the
original cost of the SOFT Equipment under this lease schedule. each individual Lease Schedule under the Market Lease. 
 The terms and
information set forth above are a part of the Master Lease Agreement Number 4402, entered into by and between VenCore Solutions LLC (“Lessor”) and the Lessee set forth above. 
 The undersigned representative of Lessee affirms that he or she has read and understands this Exhibit A–1 to Master Lease Agreement Number 4402 and is duly
authorized to execute this Exhibit A–1 on behalf of the Lessee, and that, if Lessee is a corporation, this Exhibit A–1 is entered into with consent of Lessee’s Board of Directors and stockholders, if so required. 
  

									
	 LESSOR:
	 		 	 LESSEE:

			
	VENCORE SOLUTIONS LLC	 		 	INTERMETRO COMMUNICATIONS, INC.
					
	By:	 	 /s/ JAMES PAUL JOHNSON
	 		 	 By:
	 	 /s/ CHARLES RICE

	 Name:
	 	 JAMES PAUL JOHNSON
	 		 	 Name:
	 	 CHARLES RICE

	 Title:
	 	 SVP
	 		 	 Title:
	 	 CEO

	 Date:
	 	 3/2/04
	 		 	 Date:
	 	 02/10/04

  
 [***]Confidential material redacted and filed separately with the Commission. 
  

					
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 VENCORE SOLUTIONS LLC 
 VENCORE SOLUTIONS LLC 
 4500 SW Kruse Way, Suite 350 Ÿ
Lake Oswego, OR 97035 
 503.699.4997 Ÿ FAX 503.675.3136 
 EXHIBIT A–2 
 TO 
 MASTER LEASE AGREEMENT NUMBER 
 4402 
  

			
	 LESSEE NAME AND ADDRESS
	  	LESSOR NAME AND ADDRESS
		
	 INTERMETRO COMMUNICATIONS, INC.
 2685 PARK
CENTER DRIVE, BLDG A
 SIMI VALLEY, CA 93065
	  	 VENCORE SOLUTIONS LLC
 4500 SW KRUSE WAY, SUITE 350
 LAKE OSWEGO, OR
97035

  

			
	 Date of Lease Line Approval:
	  	February 13, 2004
		
	 Funding Expiration Date:
	  	April 30, 2004
		
	 Approved Amount of Lease Line:
	  	$125,000.00
		
	 Minimum Funding Amount:
	  	$20,000.00
		
	 Initial Monthly Rent Factor:
	  	
		
	 Hardware Facility:
 Furniture Facility:
	  	 4.90%
 6.40%

		
	 Initial Lease Term:
	  	
		
	 Hardware Facility:
 Furniture Facility:
	  	 24 Months
 18 Months

		
	 Documentation Fees:
	  	1.25% of the total equipment invoice amount included on the individual Lease Schedule, or $ 250.00, whichever is greater.
		
	 Security Deposit Percentage:
	  	[***]%
		
	 Security Deposit Amount
	  	$[***] (based on Approved Amount of Lease Line)

 Security Deposit Early Releases: Before releasing Security Deposits prior to Lease end the following three
conditions must exist:1) Lessor must be in receipt of Lessee’s financial statements (Income/Profit & Loss Statement, Balance Sheet, Cash Flow Statement and Fixed Asset List) that are no more than 30 days old, 2) Lessee must demonstrate
that they have cash reserves to service their debt for at least the subsequent six months, and 3) all payments must have been paid as agreed and all Lease Schedules must be current. 
 On each individual Lease Schedule, providing the above requirements for “early security deposit releases” have been met, Lessor will release Fifty Percent (50%) of the Security Deposit to Lessee after
Lessee has paid Lessor Twelve (12) payments. 
  
 [***]Confidential material redacted and filed separately with the Commission. 
  

					
	 Confidential
	 	Page 1 of 3	 	cr (initial)

 At the time Security Deposits, or any portion thereof, are released by Lessor to Lessee, Lessor will pay One Percent (1%)
interest per annum on the Security Deposit amount being released. At the time of a Security Deposit release, interest will be calculated from the date the Security Deposit was received by Lessor until the date Lessor releases the Security Deposit.

 Minimum Renewal Rent Factor: 
  

			
	Hardware Facility:	  	4.90%
	Software Facility:	  	6.40%

 Eligible Equipment 
 Hardware Facility: Computers, Servers and [***]. No Soft Cost, as described under Software Facility shown below, shall be included under the terms of the Hardware Facility. No equipment may be shipped to and
/or located at a co-location facility or any facility other than Lessee’s principal place of business, unless the co-location facility first provides Lessor with a waiver acknowledging Lessor’s ownership of the equipment. All equipment to
be leased must be approved by Lessor. 
 Software Facility: Up to Thirty-Five Thousand and 00/100 ($35,000.00) of Approved Amount of
Lease. Line may be comprised of Soft Costs (“SOFT”) where SOFT will include, but not be limited to, Corporate Furniture, delivery costs, design and engineering costs, extended warranties, installation costs, labor, leasehold improvements,
maintenance and upgrade contracts, sales tax, software, trade show booths, training, and upgrades to any equipment in which Lessor does not hold a security interest. No equipment may be shipped to and/or located at a co-location facility or any
facility other than Lessee’s principal place of business, unless the co-location facility first provides Lessor with a waiver acknowledging Lessor’s ownership of the equipment. All equipment to be leased must be approved by Lessor.

 End of Lease Options: 
  

	 	a)	Purchase Option. If Lessee exercises the option to purchase, then provided no Event of Default has occurred and is then continuing, Lessee will at the expiration of the Lease
term, renewal term or extension, as the case may be, purchase all, but not less than all, of the Equipment. The purchase price shall be the Equipment’s then fair market value (“FMV”) plus any applicable sales or other transfer tax
FMV, as applied to a purchase option, will be determined by Lessor based on a price a willing buyer would pay and a willing seller would accept (neither buyer nor seller being compelled to act) for the Equipment as installed and in use, giving due
consideration to its condition, utility, revenue-producing capability, and replacement costs and shall not be less than 10% of the original cost of equipment. 

  

	 	b)	Renewal. If Lessee exercises the option to renew, then provided no Event of Default has occurred and is then continuing, Lessee will at the expiration of the Lease term renew
the Lease with respect to all, but not less than all, of the Equipment for a period of Three (3) months. Such renewal will be upon the terms of the Lease and the applicable Lease Schedule and the monthly rental amount will be the same as the
contracted monthly payment amount on the applicable Lease Schedule. 

  

	 	c)	Return. On the expiration of the Lease, or earlier termination of the Lease, or on Lessee default if Lessor chooses, Lessee, at its expense, freight prepaid with full
original value declared and insured, shall immediately return all, but not less than all, of the Equipment unencumbered to Lessor in good repair, condition and working order, ordinary wear and tear resulting from proper use thereof alone excepted,
by properly packing it for shipment and delivering it to any reasonable place designated by Lessor. Lessee will also pay Lessor an amount equal to Five Percent (5%) of the original invoice amount of the Equipment specified in the applicable Lease
Schedule as a restocking fee. 

 The terms and information set forth above are a part of the Master Lease Agreement Number
4402, entered into by and between VenCore Solutions LLC (“Lessor”) and the Lessee set forth above. 
  
 [***]Confidential material redacted and filed separately with the Commission. 
  

					
	 Confidential
	 	Page 2 of 3	 	cr (initial)

 The undersigned representative of Lessee affirms that he or she has read and understands this Exhibit A—2 to Master
Lease Agreement Number 4402 and is duly authorized to execute this Exhibit A—2 on behalf of the Lessee, and that, if Lessee is a corporation, this Exhibit A—2 is entered into with consent of Lessee’s Board of Directors and
stockholders, if so required. 
  

									
	 LESSOR:
  
 VENCORE SOLUTIONS LLC
	 		 	 LESSEE:
  
 INTERMETRO COMMUNICATIONS, INC.

					
	By:	 	/s/ JAMES PAUL JOHNSON	 		 	By:	 	/s/ CHARLES RICE FOR INTERMETRO COMMUNICATIONS, INC.
					
	Name:	 	JAMES PAUL JOHNSON	 		 	Name:	 	CHARLES RICE
					
	Title:	 	SVP	 		 	Title:	 	CEO
					
	Date:	 	3/2/04	 		 	Date:	 	02/19/04

  

					
	 Confidential
	 	Page 3 of 3	 	cr (initial)

 VENCORE SOLUTIONS LLC 
 VENCORE SOLUTIONS LLC 
 4500 SW Kruse Way, Suite 350 Ÿ
Lake Oswego, OR 97035 
 503.699.4997 Ÿ FAX: 503.675. 3136 
 EXHIBIT A – 3 
 TO 
 MASTER LEASE AGREEMENT NUMBER 
 4402 
  

			
	 LESSEE NAME AND ADDRESS
	  	 LESSOR NAME AND ADDRESS

		
	 INTERMETRO COMMUNICATIONS, INC
 2685 PARK
CENTER DRIVE, BLDG A
 SIMI VALLEY, CA 93065
	  	 VENCORE SOLUTIONS LLC
 4500 SW KRUSE WAY, SUITE 350
 LAKE OSWEGO, OR
97035

  

			
	 Date of Lease Line Approval:
	  	August 19, 2005
		
	 Funding Expiration Date:
	  	October 31, 2005
		
	 Approved Amount of Lease Line:
	  	$300,000.00
		
	 Minimum Funding Amount:
	  	$250,000.00
		
	 Initial Monthly Rent Factor:
	  	4.100%. Per each 0.25% decrease or increase in the Prime Lending Rate, as
	published in the Wall Street Journal, the Monthly Rent Factor will decrease or increase by 0.007% respectively. At no time will the Monthly Rent Factor decrease or increase by more
than 0.028% from the Initial Monthly Rent Factor. The Monthly Rent Factor for each Lease Schedule will be fixed at the time it is executed.
		
	 Prime Lending Rate:
	  	6.50% (Effective August 8, 2005)
		
	 Initial Lease Term:
	  	30 Months
		
	 Advance Payments:
	  	Lessee will pay Lessor the first payment at the time each individual Lease
	Schedule is executed.
		
	 Documentation Fees:
 Schedule, or $250.00, whichever is greater.
	  	1.25% of the total equipment invoice amount included on the individual Lease
		
	 Security Deposit Percentage:
 Lease Schedule is executed.
	  	[***]% per each individual Lease Schedule, to be paid at the time each individual
		
	 Security Deposit Amount:
	  	$[***] (based on Approved Amount of Lease Line)
		
	 Security Deposit Early Releases:
	  	Before releasing Security Deposits prior to Lease end the following three
	conditions must exist: 1) Lessor must be in receipt of Lessee’s financial statements (Income/Profit & Loss Statement, Balance Sheet, Cash Flow Statement and Fixed Asset
List) that are no more than 30 days old; 2) Lessee must demonstrate that they have cash reserves to service their debt for at least the subsequent six months; and 3) all payments must have been paid as agreed and all Lease Schedules must be
current.
	
	On each individual Lease Schedule, providing the above requirements for “early security deposit releases” have been met, Lessor will release 50% of the Security Deposit to
Lessee after Lessee has paid Lessor 12 payments as agreed, in addition to the Advance Payments received by Lessor from Lessee prior to funding.
		
	 Minimum Renewal Rent Factor:
	  	4. 10% for a minimum of three months.

  
 [***]Confidential material redacted and filed separately with the Commission. 
  

					
	 Confidential
	 	Page 1 of 2	 	va (initial)

 Eligible Equipment: [***]. Up to 10% of the Approved Amount of the Lease line may be comprised of Soft Costs
(“SOFT”) where SOFT will include, but not be limited to, delivery costs, design and engineering costs, extended warranties, installation costs, labor, leasehold improvements, maintenance and upgrade contracts, sales tax, software, trade
show booths, training, and upgrades to any equipment in which Lessor does not hold a security interest. For any given Lease Schedule, SOFT shall not exceed 10 % of the scheduled amount. No equipment may be shipped to and/or located at a
co-location facility or any facility other than Lessee’s principal place of business, unless the co-location facility first provides Lessor with a waiver acknowledging Lessor’s ownership of the equipment. All equipment to be leased must be
approved by Lessor. 
 End of Lease Options: 
  

	 	a)	Purchase Option. If Lessee exercises the option to purchase, then provided no Event of Default has occurred and is then continuing, Lessee will at the expiration of the Lease
term, renewal term or extension, as the case may be, purchase all, but not less than all, of the Equipment. The purchase price shall be the Equipment’s then fair market value (“FMV”) plus any applicable sales or other transfer tax.
FMV, as applied to a purchase option, will be determined by Lessor based on a price a willing buyer would pay and a willing seller would accept (neither buyer nor seller being compelled to act) for the Equipment as installed and in use, giving due
consideration to its condition, utility, revenue-producing capability, and replacement costs and shall not be less than 10% of the original cost of equipment. 

  

	 	b)	Renewal. If Lessee exercises the option to renew, then provided no Event of Default has occurred and is then continuing, Lessee will at the expiration of the Lease term renew
the Lease with respect to all, but not less than all, of the Equipment for a period of Three (3) months. Such renewal will be upon the terms of the Lease and the applicable Lease Schedule and the monthly rental amount will be the same as the
contracted monthly payment amount on the applicable Lease Schedule. 

  

	 	c)	Return. On the expiration of the Lease, or earlier termination of the Lease, or on Lessee default if Lessor chooses, Lessee, at its expense, freight prepaid with full
original value declared and insured, shall immediately return all, but not less than all, of the Equipment unencumbered to Lessor in good repair, condition and working order, ordinary wear and tear resulting from proper use thereof alone excepted,
by properly packing it for shipment and delivering it to any reasonable place designated by Lessor. Lessee will also pay Lessor an amount equal to Five Percent (5%) of the original invoice amount of the Equipment specified in the applicable Lease
Schedule as a restocking fee. 

 The terms and information set forth above are a part of the Master Lease Agreement Number 4402, entered
into by and between VenCore Solutions LLC (“Lessor”) and the Lessee set forth above. 
 The undersigned representative of Lessee affirms that he or
she has read and understands this Exhibit A—3 to Master Lease Agreement Number 4402 and is duly authorized to execute this Exhibit A—3 on behalf of the Lessee, and that, if Lessee is a corporation, this Exhibit A—3 is entered into
with consent of Lessee’s Board of Directors and stockholders, if so required. 
  

									
	 LESSOR:
	 		 	 LESSEE:

			
	VENCORE SOLUTIONS LLC	 		 	INTERMETRO COMMUNICATIONS, INC.
					
	 By:
	 	 /s/ JAMES PAUL JOHNSON
	 		 	 By:
	 	 /s/ VINCE ARENA

					
	 Name:
	 	 JAMES PAUL JOHNSON
	 		 	 Name:
	 	 VINCE ARENA

					
	 Title:
	 	 SVP
	 		 	 Title:
	 	 CFO

					
	 Date:
	 	 8/30/05
	 		 	 Date:
	 	 8/26/05

  
 [***]Confidential material redacted and filed separately with the Commission. 
  

					
	 Confidential
	 	Page 2 of 2	 	va (initial)

 VENCORE SOLUTIONS LLC 
 VENCORE SOLUTIONS LLC 
 4500 SW Kruse Way, Suite 350 • Lake Oswego, OR 97035 
 503 699 4997 • FAX: 503 675 3136 
 EXHIBIT A – 4 
 TO 
 MASTER LEASE AGREEMENT NUMBER 
 4402 
  

			
	LESSEE NAME AND ADDRESS	  	LESSOR NAME AND ADDRESS
		
	 INTERMETRO COMMUNICATIONS, INC
	  	 VENCORE SOLUTIONS LLC

	 2685 PARK CENTER DRIVE
	  	 4500 SW KRUSE WAY

	 BUILDING A
	  	 SUITE 350

	 SIMI VALLEY, CA 93065
	  	 LAKE OSWEGO, OR 97035

  

			
		
	Date of Lease Line Approval:	  	March 29, 2006
		
	Funding Expiration Date:	  	June 30, 2006
		
	Approved Amount of Lease Line:	  	$300,000.00
		
	Minimum Funding Amount:	  	$22,500.00
		
	Initial Monthly Rent Factor:	  	4.100%. The Monthly Rent Factor for each Lease Schedule will be fixed at the time
	it is executed. Per each 0.25 % decrease or increase in the Prime Lending Rate, as published in the Wall Street Journal, the Monthly Rent Factor will decrease or increase by
0.010% respectively.

  

			
		
	Prime Lending Rate:	  	7.50% (Effective March 29, 2006)
		
	Initial Lease Term:	  	30 Months
		
	Advance Payments:	  	Lessee will pay Lessor the first and thirtieth payments at the time each individual
	Lease Schedule is executed.
		
	Documentation Fees:	  	1.25% of the total equipment invoice amount included on the individual Lease
	Schedule, or $250.00, whichever is greater.
		
	Security Deposit Percentage:	  	[***]% per each individual Lease Schedule, to be paid at the time each individual
	Lease Schedule is executed.
		
	Security Deposit Amount:	  	$[***] (based on Approved Amount of Lease Line)
		
	Security Deposit Early Releases:	  	Before releasing Security Deposits prior to Lease end, the following three
	conditions must exist: 1) Lessor must be in receipt of Lessee’s financial statements (Income/Profit & Loss Statement, Balance Sheet, Cash Flow Statement and Fixed Asset
List) that are no more than 30 days old; 2) Lessee must demonstrate that they have cash reserves to service their debt for at least the subsequent six months; and 3) all payments must have been paid as agreed and all Lease Schedules must be
current.

  
 [***]Confidential material redacted and filed separately with the Commission. 
  

					
	 Confidential
	 	Page 1 of 3	 	va (initial)

 On each individual Lease Schedule, providing the above requirements for “early security deposit releases” have
been met, Lessor will release 50% of the Security Deposit to Lessee after Lessee has paid Lessor 12 payments as agreed, in addition to the Advance Payments received by Lessor from Lessee prior to funding. 
 Minimum Renewal Rent Factor: 4.10% for a minimum of three months. 
 Eligible Equipment: Telecom Switches. Up to 10% of the Approved Amount of the Lease line may be comprised of Soft Costs (“SOFT”) where SOFT will include, but not be limited to, delivery costs, design and engineering costs,
extended warranties, installation costs, labor, leasehold improvements, maintenance and upgrade contracts, sales tax, software, trade show booths, training, and upgrades to any equipment in which Lessor does not hold a security interest. For any
given Lease Schedule, SOFT shall not exceed 10% of the scheduled amount. No equipment may be shipped to and/or located at a co-location facility or any facility other than Lessee’s principal place of business, unless the co-location facility
first provides Lessor with a waiver acknowledging Lessor’s ownership of the equipment. All equipment to be leased must be approved by Lessor. 
 End
of Lease Options: 
  

	 	a)	Purchase Option. If Lessee exercises the option to purchase, then provided no Event of Default has occurred and is then continuing, Lessee will at the expiration of the Lease
term, renewal term or extension, as the case may be, purchase all, but not less than all, of the Equipment. The purchase price shall be the Equipment’s then fair market value (“FMV”) plus any applicable sales or other transfer tax.
FMV, as applied to a purchase option, will be determined by Lessor based on a price a willing buyer would pay and a willing seller would accept (neither buyer nor seller being compelled to act) for the Equipment as installed and in use, giving due
consideration to its condition, utility, revenue-producing capability, and replacement costs and shall not be less than 10% of the original cost of equipment. 

  

	 	b)	Renewal. If Lessee exercises the option to renew, then provided no Event of Default has occurred and is then continuing, Lessee will at the expiration of the Lease term renew
the Lease with respect to all, but not less than all, of the Equipment for a period of three (3) months. Such renewal will be upon the terms of the Lease and the applicable Lease Schedule and the monthly rental amount will be the same as the
contracted monthly payment amount on the applicable Lease Schedule. 

  

	 	c)	Return. On the expiration of the Lease, or earlier termination of the Lease, or on Lessee default if Lessor chooses, Lessee, at its expense, freight prepaid with full
original value declared and insured, shall immediately return all, but not less than all, of the Equipment unencumbered to Lessor in good repair, condition and working order, ordinary wear and tear resulting from proper use thereof alone excepted,
by properly packing it for shipment and delivering it to any reasonable place designated by Lessor. Lessee will also pay Lessor an amount equal to five percent (5%) of the original invoice amount of the Equipment specified in the applicable Lease
Schedule as a restocking fee. 

 Cross-Collateralization: All equipment is cross-collateralized and will not be released until all
obligations are paid in full. 
 Condition Precedent: Prior to issuing any Purchase Orders or funding any Lease Schedules, Lessee must issue to Lessor
a Warrant to purchase Common Shares of Stock, in a form acceptable to Lessor. The Warrant shall be equivalent to $21,000.00 (7% of the total Approved Amount of Lease Line) with an expiration date of 10 years from its Date of Issuance. The Warrant
Agreement will include a “net issuance” clause that permits “cashless exercise” by Lessor. 
 The terms and information set forth above
are a part of the Master Lease Agreement Number 4402, entered into by and between VENCORE SOLUTIONS LLC (“Lessor”) and the Lessee set forth above. 
 The undersigned representative of Lessee affirms that he or she has read and understands this Exhibit A—4 to Master Lease Agreement Number 4402 and is duly
authorized to execute this Exhibit A—4 on behalf of the Lessee, and that, if 

  

					
	 Confidential
	 	Page 2 of 3	 	va (initial)

 
Lessee is a corporation, this Exhibit A — 4 is entered into with consent of Lessee’s Board of Directors and stockholders, if so required.

  

									
	 LESSOR:
	 		 	 LESSEE:

			
	VENCORE SOLUTIONS LLC	 		 	INTERMETRO COMMUNICATIONS, INC.
					
	 By:
	 	 /s/ JAMES PAUL JOHNSON
	 		 	 By:
	 	 /s/ VINCE ARENA

	 Name:
	 	 JAMES PAUL JOHNSON
	 		 	 Name:
	 	 VINCE ARENA

	 Title:
	 	 SVP
	 		 	 Title:
	 	 Chief Financial Officer

	 Date:
	 	 5/3/06
	 		 	 Date:
	 	 4/28/06

  

					
	 Confidential
	 	Page 3 of 3	 	va(initial)

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