Document:

v035357_ex10-16 -- Converted by SECPublisher 2.1.1.8, created by BCL Technologies Inc., for SEC Filing

1.2 Issuance of Compliance Systems' Common Stock. Simultaneous with the
execution of this Agreement and tender of the Subsidiary Stock, Compliance Systems will issue to the Subsidiary Shareholders Compliance Systems Common Stock in exchange for the capital contribution described in Section 1.1 above in the amounts set
forth in Column "II" of Exhibit A. 

1.3 Representations by Subsidiary Shareholders. In connection with the issuance of shares of Common Stock of Compliance Systems, each of the
Subsidiary Stockholders hereby makes the following representations: 

	
a)              	
Subsidiary Shareholder acknowledges that that the Common Stock is being acquired pursuant to an exemption under applicable securities laws and accordingly represents that he is acquiring such securities for his own account,
for investment and not for distribution or resale to others.     
	 
	 	
The Subsidiary Shareholder agrees that he will not sell, assign, hypothecate or otherwise transfer such securities unless they are registered under applicable securities laws or unless an exemption from such registration is
available and acknowledges that the Company will permit the transfer of the Common Stock out of his name only when his request for transfer is accompanied by an opinion of counsel reasonably satisfactory to the Company that neither the sale nor the
proposed transfer results or will result in a violation of applicable Federal and state securities laws. 
	 
	
b)              	
Subsidiary Shareholder acknowledges that the Company has filed an election as an "5" corporation under the Internal Revenue Code of 1986, as amended, and plans to file in such other jurisdictions where it does business, as
permitted. Subsidiary Shareholder agrees not to transfer the Common Stock without the Company's prior written consent.   
	 
	
c)              	
Subsidiary Shareholder acknowledges that to the extent it is receiving shares of Class B Common Stock in connection herewith, a portion of such shares are subject to an option ("Option"). If Subsidiary Shareholder sells,
assigns, hypothecates or otherwise transfers any Class B Common Stock, to the extent permitted, the transferee shall be required, as a condition precedent to agree to the terms of the Option.  
	 
	
d)              	
The Subscriber consents to the placement of a legend on any certificate or other document evidencing the Common Stock stating that such shares have not been registered under the Securities Act of 1933, as amended, and
setting forth or referring to the restrictions on transferability and sale thereof set forth in subsections (a) and (b) above and sub section (c) above, in the case of shares of Class B Common Stock.  
	 

	
2

158293.5

	
MISCELLANEOUS

2.1 Other Documents. Each of the Subsidiary Shareholders shall execute and
deliver such other and further documents and instruments, and take such other and further actions, as may be requested of them for the implementation and consummation of this Agreement and the transactions herein contemplated. 

2.2 Parties in Interest. This Agreement shall be binding upon and inure to the benefit of the Subsidiary Shareholders, and the heirs, personal
representatives, successors and assigns of all of them, but shall not confer, expressly or by implication, any rights or remedies upon any other party. 

2.3 Governing Law. This Agreement is made and shall be governed in all respects, including validity, interpretation and effect, by the laws of the State of New York. 

2.4 Entire Agreement. This Agreement and the Exhibits attached hereto contain the entire agreement by and among the Subsidiary Shareholders and
Compliance Systems and supersede all prior agreements, understandings and writings between the parties hereto with respect to the subject matter hereof. Each Subsidiary Shareholder acknowledges that no representations, inducements, promises, or
agreements, oral or otherwise, have been made by any party, which are not embodied herein or in the Exhibits attached hereto, and that no other agreement, statement or promise may be relied upon or shall be valid or binding. Neither this Agreement
nor any term hereof may be changed, waived, discharged or terminated orally. This Agreement may be amended or any term hereof may be changed, waived, discharged, or terminated by an agreement in writing signed by the parties hereto. 

2.5 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which taken together
shall constitute but one and the same document. 

     iN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the day and year first above written. 

	
COMPLIANCE SYSTEMS CORPORATION

	
By:
_____________________

	
Dean Garfmkel 

Chairman of the Board

and Secretary 

	
3

158293.5

	
ARTICLE 2

SUBSIDIARY SHAREHOLDERS: Dean Garfinkel Alison Garfmkel Barry Brookstein Stefan Dunigan 

     Louis Potters Alan ilberman Robert Reiner 

Nettie Hanover Revocable Trust Judith Felsen Robert Greenspan Steven Wolfe 

	
4

158293.5

	
ARTICLE 2

Lorraine Chinnici Jack Karp Henry Ponzio 

Barry Brookstein, as custodian Robert Brookstein Judi LiVigni Dean Garfinkel, as custodian Alison Garfinkel, as custodian 

158293.5

	
-S

4 

Capital Contribution and Issuance of Shares 

Name of Subsidiary Shareholder: Dean Garfinkel

	
L 
        	
   	
 
        	
   	
iL 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class A Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation 
        
	

        	
        	

        	
        	

        
	
 
        
	
Call 
        	
   	
3,000,001 
        	
   	
2,010,001 
        
	
Compliance.com, 
        	
   	
 
        	
   	
 
        
	
Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
48 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
48 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5

	
EXHIBIT A

	
Lnke 
        	
   	
Y SHAREHOLDERS: 
        
	
l 
        	
   	
Alison Garfinkel 
        

	
Barry Brookstein 

Stefan Dunigan 

Louis Potters 

Alan ilberman 

Robert Reiner 

Nettie Hanover Revocable Trust

Judith Felsen 

Robert Greenspan 

Steven Wolfe 

	
4

158293.5

	
*

Capital Contribution and Issuance of Shares 

Name of Subsidiary Shareholder: Alison Garfinkel

	
L 
        	
   	
 
        	
   	
JL 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class A Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation 
        
	

        	
        	

        	
        	

        
	
 
        
	
 
        
	
Call 
        	
   	
3,000,001 
        	
   	
2,010,001 
        
	
Compliance.com, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
48 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
48 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

1582935

	
EXHIBIT A

	
SUBSIDIARY SHAREHOLDERS:

	
Dean Garfinkel

	
Barry Brookstein

Stefan Dunigan 

Louis Potters 

	
Alan ilberman

	
Robert Reiner 

Nettie Hanover Revocable Trust

Judith Felsen 

Robert Greenspan 

Steven Wolfe 

	
4

1582935

	
EXHIBIT A

Capital Contribution and Issuance of Shares 

Name of Subsidiary Shareholder: Barry Brookstein

	
i~ 
        	
   	
 
        	
   	
1L 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class A Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation 
        
	

        	
        	

        	
        	

        
	
 
        
	
 
        
	
Call 
        	
   	
1,875,001 
        	
   	
1,256,251 
        
	
Compliance.com, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
30 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
30 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5

	
EXHIBIT A

Capital Contribution and Issuance of Shares 

Name of Subsidiary Shareholder:
Barry Brookstein

	
L 
        	
   	
 
        	
   	
JL 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class B Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        
	
 
        	
   	
 
        	
   	
Issued 
        
	

        	
        	

        	
        	

        
	
 
        
	
 
        
	
Call Compliance.com, 
        	
   	
1,250,000 
        	
   	
837,500 
        
	
Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
20 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
20 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5

	
EXHIBIT A

	
Ji~ La42

	
airy rookstein

	
~efan Dunigan

DU1S Potters 

lan ilberman 

158293.5

	
EXHIBIT A

	
SUBSIDIARY SHAREHOLDERS:

	
Dean ~JLW Garfinkel

Alison Garfinkel

B rookstein 

	
Stefan Dunigan

Louis Potters 

Alan ilberman 

Robert Reiner 

	
Nettie Hanover Revocable Trust

Judith Felsen 

Robert Greenspan 

	
Steven Wolfe

4 

obert Reiner

	
EXHIBIT A

Capital Contribution and Issuance of Shares 

Name of Subsidiary Shareholder: Stefan
Duniga~~

	
L 
        	
   	
 
        	
   	
& 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class A Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation 
        
	

        	
        	

        	
        	

        
	
 
        
	
 
        
	
Call 
        	
   	
250,000 
        	
   	
167,500 
        
	
Compliance.com, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
4 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
4 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

1582935

	
EXHIBiT A

	
SUBSIDIARY SHAREHOLDERS:

	
Dean Garfinkel 

Alison Garfinkel

Barry Brookstein

	
Stefan tiunigan

	
Louis Potters 

Alan ilberman

Robert Reiner

	
Nettie Hanover Revocable Trust

Judith Felsen 

Robert Greenspan 

	
Steven Wolfe

4 

1582935

	
EXHIBiT A

Capital Contribution and Issuance of Shares 

Name of Subsidiary Shareholder: Louis Potters

	
L 
        	
   	
 
        	
   	
L 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class B Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation 
        
	

        	
        	

        	
        	

        
	
 
        
	
 
        
	
Call 
        	
   	
125,000 
        	
   	
83,750 
        
	
Compliance.com, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
2 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
2 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5

	
EXHIBIT A

	
SUBSIDIARY SHAREHOLDERS:

Dean Garfinkel 

Alison Garfinkel 

Barry Brookstein 

	
StefanDu 

Louis Potters

	
o Alan ilberman

	
Robert Reiner

	
Nettie Hanover Revocable Trust

Judith Felsen 

Robert Greenspan 

	
Steven Wolfe

4 

158293.5

	
EXHIBIT A

Capital Contribution and Issuance of Shares 

Name of Subsidiary Shareholder: Alan Ilberman

	
J 
        	
   	
 
        	
   	
JL 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class B Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        
	
 
        	
   	
 
        	
   	
Issued 
        
	

        	
        	

        	
        	

        
	
 
        
	
Call Compliance.com, 
        	
   	
187,500 
        	
   	
125,625 
        
	
Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
3 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
3 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5

	
EXHIBiT A

	
Dean Garfinkel 

Alison Garfinkel 

Barry Brookstein

Stefan Dunigan 

	
Louis Potters 

Alan ilberman

Robert Reiner

	
Nettie Hanover Revocable Trust

	
Judith Felsen

	
Robert Greenspan

	
Steven Wolfe

4 

158293.5

	
SUBSIDIARY SHAREHOLDERS:

	
S.

Capital Contribution and Issuance of Shares 

Name of Subsidiary Shareholder: Robert Reiner

	
L 
        	
   	
 
        	
   	
JL 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class B Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        
	
 
        	
   	
 
        	
   	
Issued 
        
	

        	
        	

        	
        	

        
	
 
        
	
Call Compliance.com, 
        	
   	
250,000 
        	
   	
167,500 
        
	
Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
4 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
4 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5

	
EXIIIBILA

	
Dean Garfinkel

	
Alison Garfinkel

Barry 

Brookstein 

Stefan Dunigan 

Louis Potters 

Alan ilberman 

	
M~ ~44t~

Robert Reiner  

Nettie Hanover Revocable Trust 

	
Judith Felsen 

Robert Greenspan

Steven Wolfe 

4 

158293.5

	
SUBSIDIARY SHAREHOLDERS:

	
& 
        	
   	
EXHIBIT 
        
	
 
        	
   	
A 
        

	
Capital Contribution and Issuance of Shares

Name of Subsidiary Shareholder: Nettie
Hanover Revocable Trust

	
L 
        	
   	
 
        	
   	
& 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class B Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        
	
 
        	
   	
 
        	
   	
Issued 
        
	

        	
        	

        	
        	

        
	
 
        
	
 
        
	
Call Compliance.com, 
        	
   	
250,000 
        	
   	
167,500 
        
	
Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
4 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
4 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5

SUBSIDIARY SHAREHOLDERS:

SUBSIDIARY SHAREHOLDERS:

	
Dean Garfinkel 

Alison Garfinkel 

Barry Brookstein

Stefan Dunigan 

Louis. Potters 

Alan ilberman 

Robert Reiner 

NVettie Hanovef'Revocable Trust

	
Judith Felsen

	
Robert Greenspan

	
Steven Wolfe

	
4

158293.5

	
S.

Capital Contribution and Issuance of Shares 

Name of Subsidiary Shareholder: Judith Felsen

	
L 
        	
   	
 
        	
   	
JL 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class B Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        
	
 
        	
   	
 
        	
   	
Issued 
        
	

        	
        	

        	
        	

        
	
 
        
	
 
        
	
Call Compliance.com, 
        	
   	
375,000 
        	
   	
251,250 
        
	
Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
6 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
6 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5

	
EXBIBITA

	
SUBSIDIARY SHAREHOLDERS:

	
Dean Garfinkel 

Alison Garfinkel 

Barry Brookstein

Stefan Dunigan 

Louis Potters 

Alan ilberman 

Robert Reiner 

	
Nettie Hanover Revocable Trust

	
Qc~'

	
~(dith Felsen

	
Robert Greenspan

	
Steven Wolfe

	
4

158293.5

	
S. 
        	
   	
 
        	
   	
 
        	
   	
 
        
	
 
        
	
 
        	
   	
Capital Contribution and Issuance of Shares 
        	
   	
EXIUBITA 
        
	
 
        
	
 
        
	
 
        
	
 
        	
   	
Name of Subsidiary Shareholder: Robert Greenspan 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
 
        
	
 
        
	
L 
        	
   	
 
        	
   	
JL 
        	
   	
 
        
	

        	
        	

        	
        	

        	
        	
        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        	
   	
 
        
	
 
        	
   	
Shares 
        	
   	
Class B Common 
        	
   	
 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        	
   	
 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        	
   	
 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        	
   	
 
        
	
 
        	
   	
 
        	
   	
Issued 
        	
   	
 
        
	

        	
        	

        	
        	

        	
        	
        
	
 
        
	
 
        
	
Call Compliance.com, 
        	
   	
187,500 
        	
   	
125,625 
        	
   	
 
        
	
Inc. 
        	
   	
 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        	
        	
        
	
AMS Network Inc. 
        	
   	
3 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        	
        	
        
	
Jasmin 
        	
   	
3 
        	
   	
 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        	
        	
        

158293.5

	
S.

	
Steven

Wolfe

158293.5

	
S.

Capital Contribution and Issuance of Shares 

Name of Subsidiary Shareholder: Steven
Wolfe

	
~L 
        	
   	
 
        	
   	
iL 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
 
        
	
 
        	
   	
 
        	
   	
' 
        
	
 
        	
   	
Shares 
        	
   	
 
        
	
 
        	
   	
Contributed 
        	
   	
Number of Shares of 
        
	
 
        	
   	
 
        	
   	
Class B Common 
        
	
 
        	
   	
 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        
	
 
        	
   	
 
        	
   	
Issued 
        
	

        	
        	

        	
        	

        
	
 
        
	
Call 
        	
   	
62,500 
        	
   	
41,875 
        
	
Compliance.com, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
I 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
I 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5 SUBSIDIARY SHAREHOLDERS:Dean GarfinkelAlison GarfinkelBarry BrooksteinStefan DuniganLOuis PottersAlan IlbermanRobert ReinerNettie Hanover Revocable TrustJudith
Felsen4 

	
S 
        	
   	
EXHIBIT A 
        
	
SUBSIDIARY SHAREHOLDERS:
        
	
 
        	
   	
Dean Garfinkel 
        
	
 
        	
   	
Alison Garfinkel 
        
	
 
        	
   	
Barry Brookstein 
        
	
 
        	
   	
Stefan Dunigan 
        
	
 
        	
   	
Louis Potters 
        
	
 
        	
   	
o Alan ilberman 
        
	
 
        	
   	
Robert Reiner 
        
	
 
        	
   	
Nettie Hanover Revocable Trust 
        
	
 
        	
   	
Judith Felsén 
        
	
 
        	
   	
RobertGeen an 
        
	
 
        	
   	
Stehn Wolfe 
        

V 

158293.5 SUBSIDIARY SHAREHOLDERS:Dean GarfinkelAlison GarfinkelBarry BrooksteinStefan DuniganLOuis PottersAlan IlbermanRobert ReinerNettie Hanover Revocable TrustJudith
Felsen4 

	
S

	
4

158293.5

	
S

Capital Contribution and Issuance of Shares 

Name of Subsidiary Shareholder: Lorraine Chinnici

	
L 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class B Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        
	
 
        	
   	
 
        	
   	
Issued 
        
	

        	
        	

        	
        	

        
	
 
        
	
 
        
	
Call 
        	
   	
62,500 
        	
   	
41,875 
        
	
Compliance.com, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
1 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
I 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5

EXHIBITA

158293.5

	
 
        	
   	
EXHIBITA 
        
	
S 
        	
   	
EXHIBIT 
        
	
 
        	
   	
A 
        

Capital Contribution and Issuance of Shares

Name of Subsidiary Shareholder: Jack Karp

	
L 
        	
   	
 
        	
   	
JL 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class B Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        
	
 
        	
   	
 
        	
   	
Issued 
        
	

        	
        	

        	
        	

        
	
 
        
	
 
        
	
Call 
        	
   	
62,500 
        	
   	
41,875 
        
	
Compliance.com, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
1 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
1 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5 Jack KarpHenry Ponzioo Barry Brookstein, as custodianRobert
BrooksteinJudi LiVigniDean Garfinkel,as custodianAlison Garfinkel, as custodian5 

	
EXHIBITA

	
UI

158293.5 Jack KarpHenry Ponzioo Barry Brookstein, as custodianRobert
BrooksteinJudi LiVigniDean Garfinkel,as custodianAlison Garfinkel, as custodian5 

	
EXHIBITA

Capital Contribution and Issuance of Shares 

Name of Subsidiary Shareholder: Henry Ponzio

	
L 
        	
   	
 
        	
   	
JL 
        
	

        	
        	

        	
        	

        
	
Name of Com~anv 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class B Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        
	
 
        	
   	
 
        	
   	
Issued 
        
	

        	
        	

        	
        	

        
	
 
        
	
 
        
	
Call 
        	
   	
125,000 
        	
   	
83,750 
        
	
Compliance.com, 
        	
   	
 
        	
   	
 
        
	
Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
2 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
2 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

1582935Lorraine Chinnici Henry PonzioBarry Brookstein, as custodianRobert BrooksteinJudi LiVigniDean Garfinkel, as custodianAlison Garfinkel, as custodian5 

	
EXHIBITA

	
Jack

Karp

	
HenkPdo

	
Barry Brookstein, as

custodian 

	
Robert 

Brookstein

	
Judi 

LiVigni

	
Dean Garfinkel, as

custodian 

	
Ailson Garfinkel, as

custodian 

	
5

1582935Lorraine Chinnici Henry PonzioBarry Brookstein, as custodianRobert BrooksteinJudi LiVigniDean Garfinkel, as custodianAlison Garfinkel, as custodian5 

	
Lorraine Chinnici

Capital Contribution and Issuance of Shares

Name of Subsidiary Shareholder: Barry Brookstein as custodian

	
L 
        	
   	
 
        	
   	
JL 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class B Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        
	
 
        	
   	
 
        	
   	
Issued 
        
	

        	
        	

        	
        	

        
	
 
        
	
Call 
        	
   	
15,625 
        	
   	
10,468 
        
	
Compliance.com, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
1⁄4 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
Y4 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5

	
EXHIBIT A

	
Capital Contribution and Issuance of 
        	
   	
EXHIBI 
        
	
Shares 
        	
   	
T A 
        

Name of Subsidiary Shareholder:
Barry Brookstein as custodian

	
L 
        	
   	
 
        	
   	
& 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class B Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        
	
 
        	
   	
 
        	
   	
Issued 
        
	

        	
        	

        	
        	

        
	
 
        
	
 
        
	
Call 
        	
   	
15,625 
        	
   	
10,468 
        
	
Compliance.com, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
14 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasrnin 
        	
   	
~'% 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5

	
Pt

	
Capital Contribution and Issuance of Shares 
        	
   	
EXHIBIT 
        
	
 
        	
   	
A 
        
	
 
        
	
Name of Subsidiary Shareholder: Robert Brookstein 
        	
   	
 
        

	
 
        	
   	
I 
        	
   	
I 
        
	
 
        	
   	
 
        	
   	
I 
        
	
 
        	
   	
Number of 
        	
   	
 
        
	
 
        	
   	
Shares 
        	
   	
Number of Shares of 
        
	
Name of 
        	
   	
Contribute 
        	
   	
Class B Common 
        
	
Company 
        	
   	
d 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        
	
 
        	
   	
 
        	
   	
Issued 
        
	
        	
        	

        	
        	

        
	
 
        
	
Call 
        	
   	
AMS Network Inc. 
        	
   	
1/8 
        
	
        	
        	

        	
        	

        
	
Compliance.com, 
        	
   	
7,813 
        	
   	
 
        
	
Inc. 
        	
   	
 
        	
   	
5,235 
        
	
 
        
	
 
        
	
Jasmin 
        	
   	
1/8 
        	
   	
 
        
	
Communications, 
        	
   	
 
        	
   	
 
        
	
Inc. 
        	
   	
 
        	
   	
 
        

158293.5

	
Pt

	
Jack Karp 

Henry Ponzio

	
Barry Brookstein, as custodian

	
Robert Brookstein

	
Judi LiVigni

	
Dean Garfinkel, as custodian 

Alison Garfinkel, as custodian

	
5

158293.5

	
Lorraine Chinnici

Capital Contribution and Issuance of Shares 

Name of Subsidiary Shareholder:
Judi LiVigni 

	
L 
        	
   	
 
        	
   	
& 
        
	

        	
        	

        	
        	

        
	
Name of Company 
        	
   	
Number of 
        	
   	
Number of Shares of 
        
	
 
        	
   	
Shares 
        	
   	
Class B Common 
        
	
 
        	
   	
Contributed 
        	
   	
Stock 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        
	
 
        	
   	
 
        	
   	
Issued 
        
	

        	
        	

        	
        	

        
	
 
        
	
 
        
	
Call 
        	
   	
7,812 
        	
   	
5,234 
        
	
Compliance.com, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
AMS Network Inc. 
        	
   	
1/8 
        	
   	
 
        
	

        	
        	

        	
        	
        
	
Jasmin 
        	
   	
1/8 
        	
   	
 
        
	
Communications, Inc. 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        

158293.5

	
EXHIBIT A

	
Lorraine Chinnici 

Jack Karp 

Henry Ponzio 

Barry Brookstein, as custodian

Robert Brookstein 

	
Dean Garfinkel, as custodian 

Alison Garfinkel, as custodian

	
5

158293.5

	
o1 
        	
   	
 
        	
   	
 
        	
   	
 
        
	
 
        
	
 
        
	
 
        
	
 
        
	
 
        	
   	
 
        	
   	
 
        	
   	
Capital 
        
	

        	
        	

        	
        	

        	
        	
        
	
L 
        	
   	
 
        	
   	
iL 
        	
   	
 
        
	

        	
        	

        	
        	

        	
        	
        
	
 
        	
   	
Number of 
        	
   	
 
        	
   	
 
        
	
 
        	
   	
Shares 
        	
   	
Number of Shares of 
        	
   	
Contribution and Issuance of 
        
	
Name of Company 
        	
   	
Contributed 
        	
   	
Class B Common 
        	
   	
 
        
	
 
        	
   	
 
        	
   	
Stock 
        	
   	
 
        
	
 
        	
   	
 
        	
   	
of Compliance Systems 
        	
   	
Shares Name of Subsidiary 
        
	
 
        	
   	
 
        	
   	
Corporation to be 
        	
   	
 
        
	
 
        	
   	
 
        	
   	
Issued 
        	
   	
 
        
	

        	
        	

        	
        	
        	
        	
        
	
 
        	
   	
 
        	
   	
 
        	
   	
Shareholder: Dean and 
        
	
        	
        	
        	
        	

        	
        	
        
	
 
        
	
Call 
        	
   	
31,250 
        	
   	
 
        	
   	
 
        
	
Compliance.com, 
        	
   	
 
        	
   	
 
        	
   	
Alison Garfinkel as 
        
	
Inc. 
        	
   	
 
        	
   	
20,938 
        	
   	
 
        
	

        	
        	

        	
        	
        	
        	
        
	
 
        
	
AMS Network Inc. 
        	
   	
V2 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	
        	
        	
        
	
 
        	
   	
 
        	
   	
custodians 
        
	
Jasmin
        
	
Communications, 
        	
   	
 
        	
   	
 
        	
   	
 
        

1582935

	
EXHIBIT A

Inc.v035357_ex10-17 -- Converted by SECPublisher 2.1.1.8, created by BCL Technologies Inc., for SEC Filing

	
I 
        	
   	
 
        	
   	
EQUIPMENT LEASE WiTH 
        	
   	
OFF ION To PURCHASE: COMMERCIAL 
        
	

        	
        	

        	
        	

        	
        	

        
	
 
        	
   	
LESSOR: 
        	
   	
AXIS CAPITAL INC 202 
        	
   	
W. 3RD STREET 
        
	
 
        	
   	
 
        	
   	
1 ST FLOOR DOWNTOWN CENTER 
        	
   	
 
        

	
[~ 
        	
   	
DESCRIPTLON/ QUANTITY/SERIAL NUMBER 
        	
   	
 
        
	
~ 
        	
   	
 
        	
   	
 
        	
   	
 
        
	
 
        	
   	
EQUIPMENT DESCRIPTION: (AND/OR AS DESCRIBED IN INVOICE(S) OR EQUIPMENT LIST AUACHED 
        	
   	
 
        
	
 
        	
   	
HERETO AND MADE A PART HEREOF COLLECTIVELY, THE "EQUIPMENr) 
        	
   	
 
        
	

        	
        	

        	
        	

        
	
, EQUIPMENT LOCATION 
        	
   	
SAME 
        	
   	
 
        	
   	
 
        
	
 
        
	
 
        
	
 
        	
   	
 
        	
   	
SCHEDULE OF LEASE PAYMENTS DURING INITIAL TERM OF LEASE 
        	
   	
 
        
	

        	
        	

        	
        	

        	
        	

        
	
INITIAL TERM 
        	
   	
NUMBER OF PAYMENTS MONt}{LY LEASE PAYMENT 
        	
   	
DOWN PAYMENT 
        
	
 
        
	
48 
        	
   	
48 
        	
   	
~S1,448.17 
        	
   	
$1896.34 
        
	

        	
        	

        	
        	

        	
        	

        

	
I 
        	
   	
MONTHS 
        	
   	
APPLICABLE TAXES I CHARGES TO BE BILLED 
        	
   	
FIRST I AND LAST 1 PAYMENT 
        
	
 
        	
   	
1j(uvI~Iur,a. 
        	
   	
 
        	
   	
 
        
	
 
        	
   	
 
        	
   	
\~LLSI~ \t'1⁄4(.~ ~ ,~ 
        	
   	
 
        
	

        	
        	

        	
        	

        	
        	

        
	
 
        	
   	
 
        	
   	
END OF LEASE PURCHASE OPTION 
        	
   	
 
        
	
 
        	
   	
CHECK ONE BOX. IF NO BOX IS CHECKED OR MORE THAN ONE BOX IS CHECKED, THE FAIR
MARKET PURCHASE OPTION WILL APPL'c. ALL OPTIONS ARE PLUS APPLICABLE TAXES. AT OUR OPTION. 
        
	
THE SELECTED PURCHASE OPTION WILL BE VOID IF YOU ARE IN DEFAULT UNDER THIS LEASE AT ANY TIME DURING THE TERM HEREOF. 
        	
   	
 
        

X S 1.00 PURCHASE OPTION EQUIPMENT PRICE J 10% OF ORIGINAL  ~ FMV 

	
GUARANTY

     Each of the undersigned guarantors will benefit from the lease under this Agreement. For good and valuable consideration, each of the undersigned guarantors (and if more than one, jointly and se~eralIy) hereby guarantees the full payment and performance
when due of all of Lessee's obligations under this Agreement. Each of the guarantors agrees to pay all reasonable attorney's fees, court costs and other expenses incurred by Lessor by reason of any default by Lessee. This is an absolute and unconditional guaranty and shall not be discharged by the death, incompetency or dissolution of any guarantor or by any other circumstance whatsoever that might otherwise constitute a
defense available to, or a discharge of. the Lessee or any guarantor or surety. This guaranty will continue to be etrective or reinstated, as applicable, if at any time payment of
any part of the obligations under the Agreement is rescinded or otherwise required to be returned by'Lessor upon the
insolvency, bankruptcy or reorganization of Lessee or upon the appointment of a receiver, trustee or similar officer for Lessee or its assets, all as if the payment to Lessor had not been made, regardless of whether Lessor contested the order
requiring return of the payment. Any amounts received by Lessor from whatever source may be S1GNATIJRE: 1applied by
it in accordance with the Agreement toward the payment of the obligations under the Agreement; and notwithstanding any payments made by or to the account of xthe guarantors pursuant to this guaranty, the guarantors shall not be subrogated to any rights of the Lessor until this guaranty is discontinued as to all of the guarantors and the Lessor receives full payment and performance of all Lessee's obligations under the Agreement. THIS GUARAN1'Y AND 

.4LL TRANSACTIONS UNDER THIS GUARANTY, AND ALL RIGHTS AND LIABILITIES OF EACH OF THE GUARANTORS, WILL BE DETERMINED AND GOVERNED AS TO VALIDITY, INTERPRETATION, ENFORCEMENT AND EFFECT BY THE INTERNAL LAWS OF THE STATE OF
NEBRASKA. EACH OF THE GL'ARANTORS AGREES THAT ALL ACTIONS AND PROCEEDINGS ARISING DIRECTLY OR INDIRECTLY FROM THIS GUARANTY MAY BE LITIGATED, AT THE LESSOR'S ELECTION, IN HALL COUNTY
NEBRASKA AND EACH OF THE GUARANTORS AGREES THAT ANY STATE OR FEDERAL COURT LOCATED WITHIN THE STATE OF NEBRASKA SHALL HAVE PERSONAL JURISDICTION OVER EACH OF THEM. EACH OF THE GIJARANTORS AGREES THAT IF ANY ACTION IS BROUGHT TO ENFORCE THIS GUARANTY, HALL COUNTY NEBRASKA SHALL BE A PROPER PLACE FOR THE TRIAL EACH OF THE GUARANTORS WAIVES ITS RIGHT TO HAVE ANY PROCEEDINGS ARISING OUT OF OR RELtTING TO THIS GUARANTY TRIED
BY JURY. 

	
 
        	
   	
PRINTED 
        	
   	
 
        	
   	
 
        	
   	
(AS AN~5~)~ 
        
	
DATE: 
        	
   	
12/17/2002 
        	
   	
NAME: 
        	
   	
BARRY BROOKSTEIN 
        	
   	
SIGNATURE: 
        

	
INDIVIDUAL)

	
(ASAN 

INDIVIDUAL)

	
 
        	
   	
PRINTED 
        
	
DATE: 
        	
   	
NAME: 
        

DELIVERY & ACCEPTANCE ACKNOWLEDGEMENT 

     By executing and delivering this Delivery and Acceptance
Acknowledgement, you certify that: (i) you have inspected and installed the Equipment and have determined that the Equipment is in good working condition; (ii) you have accepted the
Equipment and instruct us to purchase the Equipment from the Supplier, (iii) your obligations to perform all of the
terms and conditions under the Agreement have begun; and (iv) you will unconditionally and absolutely pay rent to us at the location and in the amount stated in the Agreement. Lessee hereby accepts unconditionally
and irrevocably the equipment and agrees 

	
o1 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        
	
that said Equipment has not been delivered, installed or accepted on a trial basis 
        	
   	
 
        	
   	
 
        	
   	
 
        
	
 
        
	
LESSEE: 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        
	
(Printed Name) 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        
	
 
        
	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
Date: 
        	
   	
 
        
	
 
        
	
~) 
        	
   	
 
        	
   	
11'r\' /0)] /,~. (L._.~) 
        	
   	
 
        	
   	
 
        	
   	
 
        
	
Signature: 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
Title: PRESIDENT 
        	
   	
 
        
	

        	
        	

        	
        	

        	
        	

        	
        	

        	
        	

        	
        	

        
	
\.~.- 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        
	
 
        	
   	
 
        	
   	
tf~t~' ~ 
        	
   	
- 
        	
   	
LESSEE: 
        	
   	
SP11~I~ MA~4~4E 
        	
   	
, I? 
        
	
LESSOR: 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        
	
 
        
	
 
        
	
By: 
        	
   	
AXIS CAPITAL, INC. 
        	
   	
 
        	
   	
Signabue: 
        	
   	
~) ~ cJ' L4t~, 
        	
   	
 
        
	
 
        
	
 
        
	
 
        
	
 
        	
   	
~ ~ Y'~ ("tC~ ~ 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        
	
 
        
	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
Name & Title: 
        	
   	
BARRY BROOKSTEIN PLEASE PRINT 
        	
   	
 
        
	
        	
        	
        	
        	
        	
        	
        	
        	
        	
        	
        	
        	

        
	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
PRESIDENT 
        
	

        	
        	

        	
        	

        	
        	

        	
        	
        	
        	
        	
        	
        
	
 
        
	
Name & 
        	
   	
N~'~ nclt S-~r~-'iy~ ~ 
        	
   	
 
        	
   	
 
        	
   	
 
        
	
Title: 
        	
   	
 
        	
   	
 
        	
   	
~'C'. 
        	
   	
 
        	
   	
 
        	
   	
 
        
	

        	
        	

        	
        	

        	
        	

        	
        	
        	
        	
        	
        	
        
	
 
        	
   	
N,EASE !u1'4T 
        	
   	
- 
        	
   	
 
        	
   	
 
        	
   	
 
        	
   	
 
        
	
        	
        	
        	
        	
        	
        	
        	
        	

        	
        	

        	
        	

        
	
 
        
	
 
        
	
Date: 
        	
   	
 
        	
   	
-,. 
        	
   	
 
        	
   	
 
        	
   	
12/17/2002 
        	
   	
 
        
	
 
        	
   	
 
        	
   	
- .~.-) 
        	
   	
Date: 
        	
   	
 
        	
   	
 
        	
   	
 
        

	
The terms

	
a             	
conditions printed on the reverse side are made a part hereof.  
	 
	
n        	
THIS IS A NON-CANCELABLE LEASE  
	 
	
d        	
        
	 

	
o1

,l

except in writing and signed by us. Waiver by us of any provision hereof in
one instance shall not constitute provisions of the Agreement shall remain in full force and effect
unchanged. a waiver in any other instance. If any provision of this
Agreement is deemed unenforceable. all other 

	
,l 
        	
   	
 
        
	
 
        
	
 
        
	
EQUIPMENT LEASE SCHEDULE A 
        	
   	
 
        
	
LEASE NUMBER 
        	
   	
 
        
	
 
        
	
~c~icA 
        	
   	
 
        
	
THIS SCHEDULE IS TO BE AUACHED TO AND BECOME PART OF EQUIPMENT LEASE DATE~~~ 
        
	

        
	
LESSOR: 
        	
   	
LESSEE: 
        
	

        	
        	

        
	
AXIS CAPITAL, INC 
        	
   	
SPIRITS MANAGEMENT, iNC. 
        
	
202 W 3RD ST, 1ST FLOOR DOWNTOWN CTR 
        	
   	
780 NEW YORK AVENUE - STE A 
        
	
GRAND ISLAND NE 68801 
        	
   	
HTINTINGTON NY 11743 
        
	

        	
        	

        
	
EQUIPMENT VENDOR(S): 
        	
   	
 
        
	
 
        
	
 
        
	
DELL COMPUTERS 
        	
   	
COMMUNICATION BILLING TECHNOLOGIE 
        
	

        	
        	

        
	
ONE DELL WAY 
        	
   	
THREE PARK AVENUE, 26TH FLOOR 
        
	
ROUND ROCK, TX 78682 
        	
   	
NEW YORK, NY 10016 
        
	
877-423-3355 
        	
   	
212-937-5800 
        

INNOVATIVE MAILING & 

SHIPPING SYSTEMS 

395 MORELAND RD 

HAUPPAUGE, NY 11788 631-435-1402 

THIS SCHEDULE A IS ATTACHED TO AND A PART OF AXIS CAPITAL, INC.
LEASE NUMBER____C.1 () 5' (DC7 CONSTITUTES A TRUE AND ACCURATE DESCRIPTION OF THE EQUIPMENT.

- AND 

LESSEE: SP 

By~ ~ iNC. Date:

BAR~Y BROOKSTE December 17, 2002

	
,l

ADDENDUM TO EQUIPMENT LEASE AGREEMENT

	
EQUIPMENT: 
        	
   	
:S,~ 
        
	
 
        	
   	
~j~_~k_~ / 
        
	
AXIS 
        	
   	
SEE EQUIPMENT LEASE AGREEMENT 
        

This Addendum to Equipment Lease Agreement ("Addendum") shall amend
the Equipment Lease Agreement by and between Axis Capital,
Inc. ("Lessor") and the above Lessee ("Lessee") with reference to the above lease transaction ("Lease"). All terms and conditions of the Lease not inconsistent with this
Addendum shall be and remain in full force and effect.

This Addendum shall change the monthly lease payment to $1458.21 with tax and the down payment to
$2,916.42 with tax. 

A photocopy or t'acsimile of this Addendum will be legally admissible under the "best evidence rule." A signed copy of this Addendum sent by facsimile shall be treated as an original document and
shall be admissible as evidence thereof, and all signatures thereon shall be binding as if manual signatures were personally delivered. 

iN WITNESS WHEREOF, the parties hereto have set their hands and seals to this Addendum and acknowledge receipt of a true copy hereof on the date(s) indicated below

3J"_e' ((LXIf j~ 

	
ACCEPTED BY: AXIS CAPITAL, INC. 
        	
   	
LESsEE' SP T~ MA~4AGEMENT, INC. 
        
	
 
        
	
Z_~CtJ~WrJ~L_~J~2~Y\ 
        	
   	
By: 
        
	
        	
        	

        
	
Signature 
        	
   	
Date 
        

	
BARRY BROOKSTEIN 

SPIRITS MANAGEMENT, INC. 

780 NEWYORKAVENUE -STE A

HUNTINGTON, NY 11743 

	
Dear BARRY,

Axis Capital, Inc. would like to welcome you as a new customer and we would also like to thank you for the opportunity of doing business with you. 

Your next payment will be due on February 20, 2003. We will be sending you an invoice each month along with a return envelope. Payments received in our office ten days after the due date will result in a late fee
charged to you on your next monthly payment. 

You are responsible for any property taxes on the lease equipment, if applicable, pursuant to the terms and conditions of the lease contract. 

Enclosed you will find a copy of your lease contract for your records. If we can be of further assistance with any other equipment leasing, please don't hesitate to give us
a call. 

	
Thanks Again!

	
ic~ ~IEy~L~~

Axis Capital, Inc. 

enclosure 

	
 
        	
   	
MEMBER 
        
	
 
        
	
 
        
	
 
        
	
 
        
	
= 
        	
   	
ELA 
        
	
AI7~MOTWE 
        	
   	
 
        
	
SERVICE 
        	
   	
 
        
	
ASSOcIA1~ON 
        	
   	
 
        
	
 
        
	
A.OaATI MEMBER

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]