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Exhibit 10.8(m)    
  

      

Mr. Thomas
W. Mann 

July 22,
2002 

Re:    Employment Agreement

Dear
Tom, 

        This
Employment Agreement (the "Agreement") sets forth the terms of employment by and between TRM Corporation (the "Company") and Thomas W. Mann ("you", the "Executive") as of
July 22, 2002 (the "Effective Date"). 

1.    Employment Agreement  

        1.1    Employment    

	(a)
	You
will hold the position of Senior Vice President of the Company and perform those duties as are generally associated with such position. You will report to the President and Chief
Executive Officer. You also agree to perform such acts and duties as the President and Chief Executive Officer may reasonably direct, to comply with all applicable policies and procedures of the
Company, and to devote such time, energy and skill to your assignment as the President and Chief Executive Officer considers
reasonably necessary for the performance of your duties. Your employment hereunder with the Company shall constitute your exclusive and full time employment and you will not engage in any other
employment activities except where authorized by the President and Chief Executive Officer. You and the Company understand and agree that circumstances may arise in which you and the Company may
mutually agree to change, in whole or in part, the scope of your responsibilities and the title of your position. Notwithstanding anything herein to the contrary, you shall not be precluded from
(a) engaging in charitable activities and community affairs or (b) managing your personal investments and affairs, provided that such activities do not materially interfere with the
proper performance of your duties and responsibilities under this Agreement or compete with the business of the Company.

	(b)
	Your
employment with the Company will continue under this Agreement until terminated by you or the Company as provided in paragraphs 1.5 or 2.1, below. Notwithstanding the designation
of a term for this Agreement, your employment with the Company will be on an "at will" basis with both you and the Company retaining the right to terminate the employment relationship at any time and
for any reason, without liability on the part of the Company or any affiliated or related corporation for the termination, except as expressly provided in this Agreement. Your last day of employment
with the Company is referred to herein as your Separation Date. 

        1.2    Salary.    During the first term
of this Agreement, you will be paid the annualized equivalent of $190,000 as base salary, payable in installments on regular Company paydays. The first term shall end on July 21, 2003.
Thereafter, your base salary shall be set at the start of each of the next two successive terms of this Agreement by the President and Chief Executive Officer, but shall not be less than 110% of the
prior year base salary. Thereafter, your base salary shall be set annually by the President and Chief Executive Officer. You will be paid a $25,000 bonus on the 30th day following the
Effective Date. In addition, you will receive use of a Company-leased automobile. 

        1.3    Benefits.    You will be given an
opportunity to earn incentive compensation in each calendar year during the term of this Agreement upon the achievement of performance criteria to be established by the President and Chief Executive
Officer. You will also be eligible to participate in any benefit plans or programs generally available to the Company's management as the Board of Directors shall from
time-to-time approve, which shall include at least four weeks of paid time off (PTO) per year. 

 

        1.4    Stock Option.    The Company
grants you 75,000 options to purchase the common stock of the Company at a strike price of $1.25 per share, which options will vest monthly pro rata over a period of three years from the Effective
Date. 

        1.5    Term.    The term of your
employment under this Agreement shall commence on the Effective Date and shall continue for one (1) year from the Effective Date (the "Initial Term"). Following the Initial Term, this Agreement
shall automatically renew for successive one (1) year periods unless either the Company or you, as the case may be, provides written notice to the other party at least thirty (30) days
prior to the termination of the initial Term or any renewal period, stating its or his desire to terminate or modify this Agreement, or terminates the Agreement as provided herein below. 

2.    Termination of Agreement  

        2.1    Termination.    This Agreement may
be terminated as follows: 

	(a)
	This
Agreement may be terminated by you for any reason upon 30 days' written notice to the Company, including notice of your intent not to renew the Agreement as set forth
above in Section 1.5.

	(b)
	This
Agreement may be terminated by the Company for any reason at any time with 30 days' written notice to you, (including notice of its intent not to renew the Agreement as
set forth above in Section 1.5), subject only to the obligation of the Company, if you are terminated for reasons other than those specified in paragraph 2.2, to pay severance pay
according to the following formula:

	(i)
	Six
months pay plus an additional one month's pay for each year of employment of you by the Company (based on your hire date), up to a maximum of
12 months pay (the "Salary Continuation Period"), plus (ii) all incentive compensation earned but unpaid on or prior to the Separation Date, plus (iii) health insurance for the
Salary Continuation Period at the same coverage level as in effect immediately prior to the Separation Date. 

Severance
pay may be paid to you at your option in a lump sum or in regular payroll period installments. 

	(c)
	This
Agreement shall automatically terminate in the event of your death or disability. For purposes of this Agreement, "disability" shall mean inability to perform the essential
functions of your position, with or without reasonable accommodation, for a period of more than six (6) months in a twelve (12) month period by reason of physical or mental illness or
incapacity as determined by a physician jointly chosen by the Company and Executive or his legal representative.

	(d)
	Eligibility
for severance pay is conditioned upon your execution of a Release of Claims in a form provided by the Company at the time of termination. 

        2.2    Ineligibility for Severance
Pay.    With respect to subparagraph 2.1(b), you will not be eligible for severance pay under this Agreement if: 

	(a)
	you
voluntarily resign or retire from your employment at any time and for any reason except because of an involuntary reduction in your base salary;

	(b)
	the
Company terminates your employment for cause (as defined in paragraph 2.3, below) or your employment terminates due to your death or disability;

	(c)
	you
breach the terms of paragraph 3; or

	(d)
	you
fail or refuse to sign the Release of Claims form provided by the Company at the time of termination. 

2

 

        2.3    Definition of Cause.    For
purposes of this Agreement, "cause" for termination shall be defined as (i) any misappropriation of funds or property of the Company by you; (ii) the conviction of or plea of guilty or
nolo contendere by you of a felony or of any crime involving moral turpitude; (iii) your engagement in illegal, immoral or similar conduct tending to place you or the Company, by association
with you, in disrepute; (iv) abuse of alcohol or drugs to an extent that renders you unable or unfit to perform his duties hereunder; or (v) your gross dereliction of duty. 

3.    Confidentiality  

        3.1    Preservation and Non-Use of Confidential
Information.    You acknowledge that you have a fiduciary duty as an officer and employee of the Company not to discuss Confidential Information
obtained during your employment with the Company. For purposes of this Agreement, "Confidential Information" means any and all confidential or proprietary information concerning the Company or its
affiliates, joint venturers or other related entities ("The Company Group"), the disclosure of which could disadvantage The Company Group. Confidential Information shall not include (i) any
information which is in the public domain, (ii) which becomes known in the industry through no wrongful act on the part of you or (iii) which relates to general knowledge about the
industry, possessed by you by virtue of your prior experience in the Business. Confidential Information includes trades secrets as defined under the Uniform Trades Secrets Act. 

        Except
pursuant to your employment by the Company and as directed by the President and Chief Executive Officer, you agree not to use Confidential Information, during the term of this
Agreement or after its termination for a period of five years, for any personal or business purpose, either for your own benefit or that of any other person, corporation, government or other entity. 

        You
also agree that, except pursuant to your employment by the Company as directed by the President and Chief Executive Officer, you will not disclose or disseminate any Confidential
Information, directly or indirectly, at any time during the term of this Agreement or after its termination, to any person, agency, or court unless compelled to do so pursuant to legal process
(e.g., a summons or subpoena) or otherwise required by law and then only after providing the Company with prior notice and a copy of the legal process. 

        3.2    Covenant not to Compete.    You
also agree that while employed by the Company, and for a period of six months after the termination of employment, you shall not compete with the Company, either directly or indirectly, in the
geographical areas where the Company does business, and you shall not perform services for or own an interest in any business that does so. You acknowledge that your ownership of Electronic Financial
Management Corp. does not conflict with your duties as an Executive of the Company. 

4.    Return of Property  

        On or before your Separation Date, except as agreed to by the Company, you will return all property belonging to The Company, including, but not limited to, all
documents, business machines, computers, computer hardware and software programs, computer data, telephones (cellular, mobile or otherwise), pagers, keys, card keys, credit cards, company vehicle and
other Company-owned property. 

5.    Right To Consult with Attorney  

        You have the right to consult with an attorney or financial advisor at your own expense regarding this Agreement. 

3

 

6.    Dispute Resolution  

        You agree that any dispute (1) concerning the interpretation or construction of this Agreement, (2) arising from your employment with or termination
of employment from the Company, (3) relating to any compensation or benefits you may claim, or (4) relating in any way to any claim by you for reinstatement or reemployment by the
Company after execution of this Agreement shall be submitted to final and binding confidential arbitration. Except as specifically provided herein, the arbitration shall be governed by the rules of
the American Arbitration Association or such other rules as agreed to by the parties. Each party shall be responsible for its or his own costs and attorneys' fees relating to mediation and
arbitration. Both parties agree that the procedures outlined in this paragraph are the exclusive methods of dispute resolution. 

7.    Entire Agreement  

        This Agreement contains the entire agreement between you and the Company concerning the subject matters discussed herein and supersedes any other discussions,
agreements, representations or warranties of any kind. Any modification of this Agreement shall be effective only if in writing and signed by each party or its duly authorized representative. This
Agreement supersedes all prior employment agreements between you and the Company or any corporation affiliated with or related to the Company. The terms of this Agreement are contractual and not mere
recitals. If for any reason any provision of this Agreement shall be held invalid in whole or in part, such invalidity shall not affect the remainder of this Agreement. 

        This
Agreement shall be construed in accordance with the laws of the state of Oregon (without regard to the conflicts of laws provisions thereof). 

        In
order to reflect your voluntary acceptance and agreement with these terms, please sign and return the enclosed copy of this letter. 

	 	 	Sincerely,
	

 	
 	
TRM CORPORATION
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/ Kenneth L. Tepper
	 	 	 	 	
 Kenneth L. Tepper
 President and CEO

ACKNOWLEDGMENT AND AGREEMENT:  

        I have read this Agreement and voluntarily enter into this Agreement after careful consideration and the opportunity to review it with financial or legal counsel
of my choice. 

	 	 	 	 	/s/ Thomas W. Mann
	 	 	 	 	
 Thomas W. Mann
 Executive

4

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Exhibit 10.12    
  

MASTER LEASE PURCHASE  

	Date	 	19th July 2002
	You are:	 	 
	Name	 	TRM Copy Centres (UK) Ltd
	Address	 	Unit B Brunel Centre

Newton Road

Crawley
	Postcode	 	RH10 2TU
	Registered no.	 	3220922

We are  

        Barclays Mercantile Business Finance Limited of Churchill Plaza, Churchill Way, Basingstoke, Hampshire, RG21 7GL. Registered in England no. 896129. Our VAT
registration no. is 243 8522 62. 

This is how your master lease purchase agreement operates  

        You may request us to enter into leases with you by giving us details of the equipment, from whom you propose we acquire title to it and any financial or other
information we may require. 

        By
signing this agreement you acknowledge that we may exchange information about you with companies in the Barclays Bank group for credit and risk assessment purposes and marketing
purposes. You agree that (i) you may be contacted with details of other products or services—write to us, if you do not wish to be contacted, (ii) we may disclose and use
information about this agreement for credit scoring, administration and financing purposes and for fraud prevention. 

        These
expressions are used throughout this agreement and any schedule to it— 

        Schedule: 

        Is
any agreement under which we let equipment to you on hire on the terms of this agreement and the particular schedule. 

        Lease:

        In
relation to any hiring, is this agreement and the schedule, which together constitute a single contract. 

        Equipment,
term, rent, location: 

        Are
as described in the particular schedule. 

These are the terms of your master lease purchase agreement  

	1.
	General

	(1)
	We
and you may sometimes be referred to respectively as 'owner' and 'hirer' in this agreement, schedules or any supplemental agreement or appendix.

	(2)
	This
is a master agreement; signature of it does not commit either us or you to enter into any lease. We are only obliged to hire equipment (which includes any replacement) to you, if
you sign a schedule; the terms of which are agreed and which we then sign.

	(3)
	Headings
are for convenience only. The singular includes the plural and vice versa. 

	(4)
	The
equipment remains our property until you have validly exercised your option to purchase it (see clause 9). If any clause (or part of it) is not enforceable, the rest of the
lease will not be affected.

	(5)
	We
may require you to arrange for any purchase contract you may have entered into to be changed so title to the equipment passes direct to us. We will pay for the equipment on the
terms agreed with you or otherwise on receipt by us of the supplier's invoice or reimburse you (if you have an agency purchase appointment) on presentation of your invoice, as applicable.

	(6)
	We
do not agree to any terms other than those in the lease; in particular, we are not liable by any contract to deliver the equipment or to service or maintain it or, other than
hiring out the equipment, to provide you with any thing or any service.

	(7)
	We
may want someone to guarantee your obligations, if we do, we will ask you to suggest someone suitable.

	(8)
	If,
at any time, we make any concession or allow extra time to pay, this will not affect our rights on that or any subsequent occasion; variations to any lease must be in writing and
signed by us.

	(9)
	You
acknowledge that you will be treated as having received any communication we send you 48 hours after posting to your usual or last known address. Our address for notices is
above.

	(10)
	Wherever
in any lease you agree to indemnify us, your indemnity extends to us and any owner of the equipment and will apply even if the hiring or the lease has ended. We will
calculate it to compensate for the full amount of the loss suffered as a result of each claim (including any expenses and VAT we may incur). Our calculations will be conclusive and you must pay us on
our written demand.

	2.
	Period

        The
hiring lasts for the term shown in the schedule and then until you have exercised your option to purchase (see clause 9) or it is otherwise terminated (see clauses 7 and 10).
So long as you are not in default (see clause 7) you are entitled to possession of the equipment throughout this period. 

	3.
	Payments

	(1)
	The
rentals you must pay (without our making demand on you) are shown in the schedule and are payable without setoff or counterclaim. If you send us cheques, you do so at your risk.
It is vital to us that we receive payment in full on the due dates shown in the schedule; you agree that this is a condition (in Scotland an essential condition) of each lease. A breach of this
condition may be treated by us as repudiation (see clause 7).

	(2)
	Any
sum not paid by you on its due date will (unless we decide otherwise) accrue interest for each day that it is unpaid from the date payment was due until receipt by us of the
unpaid amount. The interest rate will be Finance House Base Rate at that time plus 5%. Payment of interest will not affect our right to terminate (see clause 7).

	(3)
	If
we need to apportion rentals to individual items of equipment, we will do so by reference to the respective prices paid by us for the items.

	4.
	Equipment

	(1)
	You
must make sure the equipment is safe, correctly used and kept in good condition and must arrange any maintenance that is needed; any replacement parts become our property.

	(2)
	You
may only alter the equipment with our written permission or if the law means it must be altered. Any alteration will be at your expense.

	(3)
	Any
damage, loss or injury, to anything or anyone, until the equipment is returned to us, caused to or by the equipment or by its use is your risk and liabilities arising or penalties
or fines imposed in respect of its use or possession and any costs or expenses incurred in relation to the detention 

and/or
disposal of the equipment under any law are your responsibility; you agree to indemnify us if any claim is made on us or we suffer any loss as a result of any of these matters. 

	(4)
	You
must keep the equipment in your possession and may not sub-let it unless you first have our written permission. If the equipment is plant or machinery, you may not
move it from the location shown in the schedule or, if none, from the United Kingdom unless we have first agreed in writing where it will then be located. If the equipment is a commercial vehicle, you
may take it anywhere within the European Community for no longer than 28 days on any trip and you must keep us informed of its whereabouts when we ask you to. If the equipment is a motor car,
you may take it anywhere within the European Community for no longer that 28 days in any year and you must keep us informed of its whereabouts when we ask you to.

	(5)
	If
we want to inspect the equipment, you must allow us access and we may mark it with our name if we choose to do so. Identification and registration marks may not be removed or
changed.

	(6)
	Until
you have validly exercised your option to purchase (see clause 9) you may not agree to sell or otherwise dispose of the equipment in any way or use it or allow it to be
used as security. The same applies to your rights under each lease. You must not allow the equipment or our rights in it to be put in jeopardy.

	5.
	Limit
to our liability

	(1)
	You
have selected the equipment and its supplier and established its suitability; we have not examined it or considered its suitability. You are responsible for taking delivery of the
equipment: on delivery you must make sure it is as described in the schedule and anything additional needed to start it working or to use it must be arranged by you.

	(2)
	We
make no statement about the equipment other than that we have the right to hire it out to you. We have not authorized the supplier or anyone else to make any statement about it.

	(3)
	Any
condition, warranty or other term implied by law is excluded to the full extent permitted by law. If you wish to have the benefit of any equipment or service guarantee or
warranty, you should arrange this directly with the supplier, but we will, on request, let you have the benefit of any that the supplier gives to us.

	(4)
	Rentals
are payable even if you are not satisfied with the equipment or it does not work or do what you expected it to, needs maintenance or is damaged; we are not liable for any loss
of business, revenue, profit or anticipated savings however caused.

	6.
	Insurance

	(1)
	You
must insure the equipment until it is returned to us for its full replacement value against loss or damage and against third party risks or with comprehensive cover in the case of
vehicles.

	(2)
	We
may require to approve your insurers and the terms of insurance, to see your insurance policy and to have our ownership noted. If we are not satisfied with your insurance, we may
take out our own insurance at your expense; you will reimburse us on demand.

	(3)
	If
the equipment is a total loss or stolen, you must promptly inform us and we may either require the equipment to be replaced or you to pay us the amount required to discharge your
outstanding liability to us (see clause 8).

	(4)
	You
authorize us to contact your insurers and, if the equipment is a total loss or is stolen, consent to us disclosing the amount required to discharge your outstanding liability to
us and as your agent to negotiate and agree with your insurers the terms of any insurance claim in respect of the equipment and to receive any insurance proceeds payable.

	(5)
	If
any insurance cover you take out fails to cover your liability to us, you will still be liable to us for any shortfall. 

	7.
	Default

	(1)
	Certain
events, which you must not allow to occur, are a default and repudiation by you of each lease; they are that:

	(a)
	we
do not receive any rental within 10 days of its due date; or

	(b)
	you
breach any other term (and, if it can be remedied, you fail to remedy the breach within 10 days of our notice requiring you to do so); or

	(c)
	(if
you are an individual) an application for an interim order is made against you or a petition for a bankruptcy order (in Scotland for sequestration) is presented against you; or

	(d)
	(if
you are a company, trust or corporation) a receiver, administrative receiver or liquidator is appointed to you or you are dissolved or otherwise wound up; or

	(e)
	distress
(in Scotland diligence) or execution is threatened or made against you; or

	(f)
	a
meeting of your creditors is called or you propose a voluntary arrangement or cease to trade or a petition for the appointment to you of an administrator is presented; or

	(g)
	(if
in Scotland) you are apparently insolvent; or

	(h)
	any
company in the Barclays PLC Group withdraws any facility or demands payment as a result of a default by you. 

	(2)
	If
any of the events in clause 7(1) occurs, our consent to your possession of the equipment ceases. We may then terminate any hiring, enter your premises and take back the
equipment. If we do not act immediately, we will still have these rights.

	(3)
	If
we terminate the hiring or the agreement has terminated automatically, without affecting our rights (including any right to damages and to our costs of recovering the equipment),
you must then pay us the amount required to discharge your outstanding liability to us (see clause 8). Receipt by us of part payment will not affect our rights.

	8.
	Your
liability on termination

	(1)
	Your
outstanding liability to us (see clauses 8(3), 7(3) and 10) should the hiring or lease terminate, will be any arrears of rental accrued and by way of agreed compensation,
a sum equal to the unpaid balance HP price shown on the schedule less a rebate calculated by us for early payment of any charges included in it.

	(2)
	We
shall deduct the value of the equipment from your liability; the value will be what we have sold it for (net of expenses) or what we have received from insurers.

	9.
	Your
option to purchase

	(1)
	You
have the option to (but do not have to) purchase the equipment at the expiry of the term if:

	(a)
	we
have received on the terms of this agreement all rentals shown in the schedule and other sums then payable to us in respect of the lease.

	(b)
	you
are not in default (see clause 7); and

	(c)
	you
pay us any option payment stated in the schedule plus any VAT chargeable. 

The
equipment then becomes your property. We confirm that we will have the right to pass title to you. 

	(2)
	If
you wish to exercise your option to purchase prior to the expiry of the term, you may only do so with our permission and on receipt by us of the amount we quote to you as payable.

	(3)
	Where
the equipment includes computer software, ownership of the software will remain with the owner or licensor of it and we grant you no option to purchase it. 

	10.
	Your
right to terminate.

	(1)
	You
may terminate the hiring under any schedule without exercising your option to purchase (see clause 9), but only if you:

	(a)
	terminate
all loan agreements and the hiring of all other equipment under all the hire or lease purchase agreements that are not regulated (by consumer credit law) between us and you
or your associated companies (defined by tax law);

	(b)
	pay
the amount we quote you as payable under all such agreements, which will include your outstanding liability to us under that schedule (see clause 8); and

	(c)
	return
the equipment (see clause 11) 

	(2)
	Without
our permission you may only pre-pay in compliance with these terms.

	11.
	Return
of equipment

	(1)
	Unless
you validly exercise your option to purchase (see clause 9) you must return the equipment including all instruction books, registration documents and service records) to
us, to an address specified by us, when the hiring of it has ended.

	(2)
	On
return the equipment must be in working order and good condition (fair wear and tear expected). Any costs incurred in returning the equipment are payable by you. 

These are your declarations when you sign a schedule  

        You request us to (i) accept your offer to hire the equipment from us on the terms and conditions of the lease and (ii) upon our acceptance, date
the schedule and forward your payment instructions to your bankers. 

        You
acknowledge that we have had no part in selecting the equipment and exclude liability for its condition. 

Signature of Hirer  

Signed
for and on behalf of the hirer 

	/s/ P. A. Townsley

Managing Director
 Name and title of signatory	 
	

Authorised to sign

	

 

Signature of Owner  

Signed
for and on behalf of Barclays Mercantile Business Finance Limited 

	/s/ R. Moody        BCO
	 
	

Authorised to sign

	

 

        Complaints

        To
make a complaint, please contact Customer Centre Support Team at Barclays Asset Finance, Churchill Plaza, Churchill Way, Basingstoke, Hampshire RG21 7GP. Telephone Number 01256 3143 

	BARCLAYS	 	Not for use with agreements regulated by the

Consumer Credit Act 1974

	This appendix shall be read and construed as forming part of the agreement made between the undersigned	 	Lessee/Hirer/Borrower
	and Barclays Mercantile Business Finance Ltd and dated the	 	TRM Copy Centres (UK) Ltd.
 CF
no.                            Customer no.
	

 	

19, 07, 2002
	
 	

 Account No.

       

	Clause 7 (1) (a)	 	Amend '10 days' to read '14 days.'
	

Clause 7 (1) (b)	
 	

Amend '10 days' to read '14 days.'
	

Clause 7 (1) (h)	
 	

Substitute the following wording:

'any company in the Barclays Plc Group withdraws any credit facility or demands payment as a result of a default by you where, in either case, the level of default within the Barclays Plc Group exceeds £1,000,000.'
	

Clause 7 (1) (i)	
 	

'there is an unsatisfactory (in our reasonable opinion) audit of sub-letting agreements which is not rectified to our satisfaction within 14 days of our giving you notice in writing thereof based on materials and / or persistent (in our
reasonable opinion) failure to provide services to sub-lessees in accordance with the terms of the sub-letting agreements or any material and / or persistent withholding of sub-lease payments for any of the above reasons. We will be deemed to have
acted reasonably for the purposes of this clause if we have, in forming our opinion, had due regard to the findings of electronic Imaging Systems Limited and / or Toshiba TEC UK Imaging Systems Limited following the monitoring by either or both of
those companies of the quality of service provided by you to the sub-lessees and the default statistics relating to such sub-lessees.'
	

Clause 12	
 	
Sub-Lease Delinquency Statistics

'You must provide to us quarterly delinquency statistics showing the percentage of the sub-lease portfolio which is in default on a quarter on quarter basis, as currently prepared by you in bar chart format.'

       

	 Signature for Lessee/Hirer/Borrower
 Signed for and on behalf of the lessee/hirer/borrower	 	Signature for Lessor/Owners/Lendor
 For and on behalf of the lessor/owner/lendor
	

/s/ P. A. Townsley	
 	

 	
 	

/s/ R. Moody	
 	

                  Date: 13/7/02
	
	 	

	Title of signatory	 	 	 	Signed R. Moody	 	 
	Managing Director	 	Authorised to sign	 	 	 	Authorised to sign

	BARCLAYS	 	FIXED RATE	 	 	 	 
	

 	

 	
 	

	This schedule shall be read and construed as forming an agreement under which equipment is let and as a schedule incorporated in the master lease purchase agreement made between the undersigned and dated the	 	Hirer TRM Copy Centres (UK) Ltd

  

  

    

	 	19 /07 /2002	 	CF No.	 	 	 	Customer no.
	 	
	 	 	 	 	 	 
	 	 	 	

	 	 	 	Plan code	 	 	 	Account no.
	

 	

 	
 	

	

 	

 	
 	
Finance Details
 Price (excl. VAT)
	 	 	 	 	 	 	 	£
	 	 	 	

	 	 	 	VAT at	 	 	 	 
	 	 	 	 	 	 	 	£
	 	 	 	

	 	 	 	Non taxable items	 	 	 	 
	Hirer	 	 	 	 	 	 	£
	
	 	

	Name	 	 	Total cost of equipment	 	 	 	 
	TRM Copy Centres (UK) Ltd	 	 	 	 	(a)	 	£
	
	 	

	 	 	 	Lease Part exchange initial payment	 	 
	
	 	payable on the date of this schedule	 	 
	Address	 	 	 	 	(b)	 	£
	Unit 6 Brunel Centre, Newton Road,	 	

	
	 	Balance Financed	 	 	 	 
	Crawley West Sussex	 	 	 	 	(c = a - b)	 	£
	
	 	

	Postcode	 	 	Add Changes	 	 	 	 
	RH10 2TU	 	 	 	 	(d)	 	£
	
	 	

	Company registration no.	 	 	Balance HP price	 	 	 	 
	3220922	 	 	 	 	(c + d)	 	£
	
	 	

	 	 	 	Administration Fee (payable on	 	 
	 	 	 	the date of this agreement)	 	 
	Equipment	 	 	 	 	(e)	 	£
	
	 	

	Description (inc. serial and/or reg. no.)	 	 	Option payment

(see clause 9)	 	 	 	 
	 	 	 	 	 	(f)	 	£
	
	 	

	Serial No. REFER TO SCHEDULE	 	 	 	 	 	 	 
	
	 	

	Location of equipment	New/Used	 	Hire Purchase price	 	 	 	 
	Refer to Schedule	New	 	(a + d + e + f)	 	£
	
	 	

	
Term and Rent	

 	
 	

 	
 	

 	
 	

 
	
	 	

	The term from the date of this schedule is	 	The balance HP price is payable by the rentals scheduled in the table below.
	 	36 months.	 	 	 	 	 	 
	
	 	

	No. of consecutive rentals:	Rental frequency:	 	Amount of each rental:	 	Commencing on:	 	 
	                                        
                    36	Monthly	 	£	 	23/10/2002	 	 
	Data Protection	 	 	 	 	 	 	 
	

	You acknowledge that we may exchange information about you with companies in the Barclays Bank group for credit and risk assessment purposes and marketing purposes. You may be contacted with details of other
products or services—write to us if you do not wish to be contacted. You agree we may disclose and use information about the agreement for scoring, administration and financing purposes and for fraud purposes.
	

	Signature for Hire	 	 	Signature for Owner	 	 
	
	 	

	Signed for and on behalf of the hirer	 	 	Date/Tax point of this agreement	 	 
	/s/ P. A. Townsley	 	 	 	 	 	 	24/09/2002
	
	 	

	Name and title of signatory

  

  

Managing Director
	 	Signed for and on behalf of Barclays Mercantile Business Finance Ltd of Churchill Plaza, Churchill Way, Basingstoke, Hampshire RG21 7GP. Regd. No. 898129 VAT registration no. 243 8572 62

/s/ R. Moody, BCO

QuickLinks

Exhibit 10.12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}]]