EX-10.3 4 ex-103.txt EXHIBIT 10.3 LEASE SCHEDULE FINOVA CAPITAL CORPORATION No. 4125.02A 311 SOUTH WACKER DRIVE SUITE 4400 CHICAGO, ILLINOIS 60606 The following described equipment and accessories are leased by Lessor to Lessee, on the terms specified in this Lease Schedule, subject to the terms and conditions of the Equipment Lease Number 4125 dated April 8, 1999. -------------------------------------------------------------------------------- 1. DESCRIPTION OF EQUIPMENT: One (1) 8 x 40 Calumet Coach Model MMS-355P Self-Propelled Mobile Unit, VIN #44KFB628OWWZ16938. -------------------------------------------------------------------------------- 2. SELLER: Calumet Coach Company ------------------------------------------------------- SELLER'S ADDRESS: 2150 East Dolton Road, Calumet City, IL 60409 ------------------------------------------------------- -------------------------------------------------------------------------------- 3. TERM: 60 MONTHS 4. SECURITY DEPOSIT: N/A ------------------- -------------- 5. RENTAL PAYMENTS: $2,875.88 per period for three (3) consecutive monthly rental periods; $3,954.34 per period for the next three (3) consecutive monthly rental periods; and $6,171.14 per period for the remaining fifty four (54) consecutive rental periods. To each rental payment, when paid, shall be added the amount of any applicable sales or use tax. 6. ADVANCE RENTALS: $ 2,875.88 to be applied to the FIRST rental payments. -------- ------- -------------------------------------------------------------------------------- 7. EQUIPMENT LOCATION: 2240 Shelter Island Drive San Diego ----------------------------------------------------- (Street) (City) San Diego CA ----------------------------------------------------- (County) (State) 8. LESSEE'S ADDRESS (if different than paragraph 7 above): ------------------------------------------------------------------------------ (Street) (City) (State) (Zip Code) -------------------------------------------------------------------------------- 9. Other Provisions - "Notwithstanding anything to the contrary in Equipment lease F4125 and provided Lessee is not in default thereunder, Lessee, upon giving Lessor ninety (90) days prior written notice, shall have a one time Option to Purchase not less than all the Equipment under this Lease at maturity of the base lease term for the then fair market value not to exceed twelve percent (12.00%) of the original equipment cost a paid by Lessor the Equipment and any other items or charges included in the Lease plus applicable sales taxes." - FINOVA has the option to adjust its monthly payment consistent with increases in the five-year, fixed-rate cost of financing from the date of this Lease Schedule to delivery and acceptance of the Equipment. Upon acceptance of the Equipment, the monthly payment will become fixed for the entire term. -------------------------------------------------------------------------------- The parties hereto have executed this Lease Schedule as of the 22nd day of December, 1999. FINOVA CAPITAL CORPORATION MOBILE PET SYSTEMS, INC. -------------------------- -------------------------- Lessor Lessee By: By: /s/ Paul Crowe, CEO ------------------------------ ------------------------------ Title Title LEASE SCHEDULE FINOVA CAPITAL CORPORATION No. 4125.02B 311 SOUTH WACKER DRIVE SUITE 4400 CHICAGO, ILLINOIS 60606 The following described equipment and accessories are leased by Lessor to Lessee, on the terms specified in this Lease Schedule, subject to the terms and conditions of the Equipment Lease Number 4125 dated April 8, 1999. -------------------------------------------------------------------------------- 1. DESCRIPTION OF EQUIPMENT: One (1) Siemens ECAT EXACT P.E.T. Scanner System as further itemized on the Equipment Schedule Addendum No. One attached hereto and made a part hereof. -------------------------------------------------------------------------------- 2. SELLER: Siemens Medical Systems, Inc. ------------------------------------------------------- SELLER'S ADDRESS: 186 Wood Avenue South, Iselin, NJ 08830 ------------------------------------------------------- -------------------------------------------------------------------------------- 3. TERM: 60 MONTHS 4. SECURITY DEPOSIT: N/A ------------------- ----------- 5. RENTAL PAYMENTS: $13,124.12 per period for the three (3) consecutive monthly rental periods; $18,045.66 per period for the next three (3) consecutive monthly rental periods; and $28,162.11 per period for the remaining fifty four (54) consecutive rental periods. To each rental payment, when paid, shall be added the amount of any applicable sales or use tax. 6. ADVANCE RENTALS: $ 13,124.12 to be applied to the FIRST rental payments. --------- ------- -------------------------------------------------------------------------------- 7. EQUIPMENT LOCATION: 2240 Shelter Island Drive, Suite 110 San Diego ----------------------------------------------------- (Street) (City) San Diego CA ----------------------------------------------------- (County) (State) 8. LESSEE'S ADDRESS (if different than paragraph 7 above): ------------------------------------------------------------------------------ (Street) (City) (State) (Zip Code) -------------------------------------------------------------------------------- 9. Other Provisions - Addendum No. One attached hereon and made a part hereof. - "Notwithstanding anything to the contrary in Equipment lease F4125 and provided Lessee is not in default thereunder, Lessee, upon giving Lessor ninety (90) days prior written notice, shall have a one time Option to Purchase not less than all the Equipment under this Lease at maturity of the base lease term for the then fair market value not to exceed twelve percent (12.00%) of the original equipment cost as paid by Lessor the Equipment and any other items or charges included in the Lease plus applicable sales taxes." - FINOVA has the option to adjust its monthly payment consistent with increases in the five-year, fixed-rate cost of financing from the date of this Lease Schedule to delivery and acceptance of the Equipment. Upon acceptance of the Equipment, the monthly payment will become fixed for the entire term. -------------------------------------------------------------------------------- The parties hereto have executed this Lease Schedule as of the 22nd day of December, 1999. FINOVA CAPITAL CORPORATION MOBILE PET SYSTEMS, INC. -------------------------- ------------------------------ Lessor Lessee By: By: /s/ Paul Crowe, CEO ------------------------------ ------------------------------ Title Title ADDENDUM NO. ONE TO LEASE SCHEDULE NO. 4125.02B BETWEEN FINOVA CAPITAL CORPORATION (LESSOR) AND MOBILE PET SYSTEMS, INC. (LESSEE) DATED THE 22ND DAY OF DECEMBER, 1999 EQUIPMENT SCHEDULE ONE (1) SIEMENS ECAT EXACT P.E.T. SCANNER SYSTEM The ECAT EXACT is a high-resolution positron emission tomography system for imaging biochemical processes and metabolism for whole body applications. The multi-detector ring system provides 3D acquisition and reconstruction in the static and dynamic modes. The ECAT EXACT consists of a 47 image plane system with a 16.2 cm (6.4 in) field of view. High spatial slice resolution in transaxial and axial dimensions Three-dimensional display of organs with a large axial view Excellent volume sensitivity Fast acquisition and reconstruction of 64 x 64 and 128 x 128 matrices High-resolution, flicker free, color display monitor Unique block detector technology provides excellent temporal and energy resolution response Simultaneous data acquisition and image reconstruction for high patient throughput Retractable rotating rod source holders for quick and accurate attenuation correction. (Ge-68 is available in safe, solid form from recommended vendors) Water-cooled gentry for quiet operation Window-oriented operating software The system consists of: Whole Body Ring Detector Gantry: 824 mm detector ring diameter 56.2 cm gantry aperture 16.2 cm (6.4 inch) axial field of view Nine laser lines for precise, reproducible patient positioning Dual operator controls on gantry for positioning from either side of patient Count rate monitor at gantry control panels Three integrated retractable transmission rod source holders which extend/retract from a lead housing under computer control for enhanced patient throughput and reduced radiation exposure Patient Handling System: Low attenuation foam core carbon fiber pallet 57 to 93 cm (22 to 36 inch) vertical motion range 195 cm (77 inch) horizontal scan range Low attenuation head holder Maximum patient weight of 159 kg (350 lbs) Data Acquisition/Processing and Storage Electronics: Image plane coincidence processor Real-time sorter (RTS) with 64 MB memory VME Bus acquisition controller 1 Quad 1860 array processor SCSI (small computer system interface) adapter to the VME Bus 2.0 GB Acquisition disk Ethernet interface to operator's console Sparc processor 1 ADDENDUM NO. ONE TO LEASE SCHEDULE NO. 4125.02B BETWEEN FINOVA CAPITAL CORPORATION (LESSOR) AND MOBILE PET SYSTEMS, INC. (LESSEE) DATED THE 22ND DAY OF DECEMBER, 1999 EQUIPMENT SCHEDULE Operator's Console for Image Display and Analysis: UltraSPARC 60 1300 Workstation with 20 inch, high resolution monitor 256 MB main memory 1 x 4.2 GB, 1 x 9.0 GB Internal disk storage 2.6 GB erasable optical storage system for archiving image data CD ROM drive (mounted in desktop storage unit) 600 dpi laser printer Ethernet connection to data acquisition/processing and storage electronics 4mm DAT (digital audio tape) archive system, mounted in desktop storage unit UNIX operating system and utilities TCP/IP and network file system communication software Floppy drive ECAT Software version 7.1 features, including iterative reconstruction, segmented attenuation correction, and the whole body protocol ECAT STANDARD SOFTWARE Image Acquisition: Transmission scan allows accurate measurement of tissue attenuation correction coefficients Static emission scan Dynamic emission scan Acquisition protocols Image reconstruction and processing Wide variety of reconstruction filters Image size and displacement parameters Calculated or measured attenuation correction Display Software: Window-oriented to allow simultaneous acquisition, reconstruction, data processing and image display Image zoom and magnification Multi-image static display Any oblique data re-orientation Cine mode display Multiple plane dynamic displays Region of interest and image profiles Image filtering, summing and arithmetic Regions of interest and image statistics Screen save/restore operations Image labeling with variable fonts and graphics Interactive color translation table operations Three-dimensional volume interactive data review (transverse, sagittal and coronal displays) Utilities Software: Patient database Patient data archive Motion control System calibration System normalization Performance tests 2 ADDENDUM NO. ONE TO LEASE SCHEDULE NO. 4125.02B BETWEEN FINOVA CAPITAL CORPORATION (LESSOR) AND MOBILE PET SYSTEMS, INC. (LESSEE) DATED THE 22ND DAY OF DECEMBER, 1999 EQUIPMENT SCHEDULE System diagnostics Educational Software: Multi-media educational package LPP (Let's Play PET) for use on separate Macintosh or ICON (not provided with system) Systems Documentation (1 set): ECAT scanner software manual ECAT scanner hardware manual Water-cooled, whole-body gantry 9216 Bismuth germanate (BGO) crystals 16.2 cm (6.4 inch) axial field of view Simultaneous acquisition of up to 47 contiguous slices 23 Interplane retractable septa for high axial resolution, high sensitivity, and minimum scatter to permit 3-D acquisition Full-body patient couch and head holder Data acquisition and electronics ECAT Software Operators console and peripherals PRE-INSTALL KIT EXACT ISOLATION TRANSFORMER (US) Transformer for isolating ECAT power from line power GANTRY AIR/WATER CHILLER (60HZ) Closed system air/water chiller. Requires onsite chilled water. Requires siting in well-ventilated utility room. ECAT EXACT INSTALLATION Installation by the SMS PET Group is available. PET APPLICATIONS TRAINING (PER DAY) Operator's training for ECAT Scanners performed by applications specialist. Scheduling for training is available upon request. FINOVA CAPITAL CORPORATION MOBILE PET SYSTEMS, INC. ---------------------------------- ------------------------------ Lessor Lessee By: By: /s/ Paul Crowe, CEO ------------------------------ ------------------------------ Title Title 3