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Lease Financing Agreement

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What is a Lease Financing Agreement?

Lease financing agreements are a type of contract used by businesses to rent equipment or property. These agreements allow companies to avoid the high costs associated with purchasing items outright, and can be a more affordable option in some cases. There are several important components to consider when entering into a lease agreement, so it's important to understand what you're agreeing to before signing on the dotted line.

Common Sections in Lease Financing Agreements

Below is a list of common sections included in Lease Financing Agreements. These sections are linked to the below sample agreement for you to explore.

Lease Financing Agreement Sample

Exhibit 10.2

 

Finance Lease Agreement

 

No.:A1506031AB

 

The contracting party, Applied Optoelectronics, Inc., Taiwan Branch (hereinafter referred to as the "Lessee"), together with the joint guarantor (hereinafter referred to as the "Guarantor") apply with CFC including the parent company and its subsidiaries (hereinafter referred to as the "Lessor") for finance lease. The Parties agree to enter into an agreement as follows:

 

Section 1 Leased Property

 

The Lessor desires to lease to the Lessee, and the Lessee desires to lease from the Lessor, the Subject Matter contained in the Leased Items page in this Agreement, including all auxiliary spares, additional works, improvements, and fixtures and fittings.

 

Section 2 Delivery and Acceptance: The delivery and acceptance of the leased property must be subject to any of the following:

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2.1 The Lessor shall require the seller to deliver the leased property used by the Lessee to the place as specified in the Leased Items page and notify the seller to make such delivery on the specified date of delivery or earlier.

 

2.2 In case of failure to deliver on specified day for any reason including force majeure or nonconformity of the leased property or any other defect, the Lessee agrees to hold the Lessor harmless against any risk or damage arising thereof.

 

2.3 Upon receipt of shipping documents by the bank issuing letter of credit, the Lessor shall deliver B/L to the Lessee. The Lessee shall be responsible for the following procedures such as importing and receiving of goods; delivery of B/L must be deemed as completion of delivery and acceptance of the leased property, regardless of the status of the leased property or its place. The Lessee shall issue the Certificate of Delivery and Acceptance of Leased Property to the Lessor.

 

2.4 In case of delivery in specie by the Seller, the Lessee shall on its own expense conduct detailed inspections and required tests on the leased property; if the leased property is free from any defect, the Lessee is hereby authorized by the Lessor to conduct acceptance and immediately notify the Lessor of its result in writing.

 

2.5 The Lessor may exercise simple delivery, transfer of possession or tender of delivery in accordance with Section 761 of the Civil Law.

 

Section 3 Lease Period and Rent

 

3.1 The validity of the Agreement during the lease period may not be affected by delay of delivery or the acceptance provision as set forth in Subsection 2.2 and 2.3. The rent must calculated starting on the payment date specified in the Leased Items page and ending on the final installment of rent and satisfaction of all expenses paid to the Lessor hereunder.

 

3.2 The Lessee shall pay the Lessor the rent specified in the Leased Items page. The installments, amount, denomination, foreign exchange rate, and payment date for each installment shall be subject to the Leased Items.

 

3.3 Payment of rent for each installment and other expense as specified herein is the essence of the Agreement. In case of late payment of rent for any installment or any other required payment or any part thereof, the Lessee shall be liable for default and shall make an additional payment equaling 20% of annual interest rate for period starting on the date of default and ending on the date of repayment.

 

1
 

 

Section 4 Place of Use, Labeling and Security of Leased Property

 

4.1 The Lessee shall place the leased property in the place of use as specified in the Leased Items, and its relocation may not be made until written consent from the Lessor.

 

4.2 The Lessee shall separate any leased property categorized as movable property from any other property, and the leased property may not be fixed at any other immovable property or be attached or fixed to any other movable property without written consent from the Lessor.

 

4.3 Without consent from the Lessor, the Lessee may not sell, sublease, transfer, make mortgage or treatment, or create lien on, the leased property or for any interest in the Agreement, the leased property or its interest on the Agreement.

 

4.4 The Lessee shall maintain in good repair any brand, logo, plate, label, post and legend appeared in the leased property, and may not remove, deface or clear them.

 

4.5 The Lessor or its authorized employee has right of access to the place where the Lessor believes the leased property is located to examine the status of use of the leased property any time within the business period without permission from the Lessee, and may exercises its rights as specified hereunder.

 

Section 5 Usage and Tax

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5.1 The Lessee shall operate the leased property in accordance with any guideline or rules prepared by the manufacturer to comply with applicable regulations set forth by government agencies; in case of failure resulting in damage, destruction, forfeiture or seizure, the joint guarantor's liability will not be exempted. all the obligations aforementioned are immediately due and the contracting party agrees to satisfy all obligations owned to the Lessor without condition and indemnify the Lessor for losses incurred.

 

5.2 The Lessee shall bear any expense arising out of use of the leased property including but not limited to taxes, sales tax on leased property, fees, penalties, fines, oil fee and maintenance fee, and cost for required spare parts.

 

5.3 Where any leased property is imported equipment, if the Lessee is required to pay additional duties or any other expense due to change of regulations or any other reason after the Lessor clears account of costs and the rent starts to accrue, the Lessee shall unconditionally charge such additional payment into leasing costs and immediately pay the Lessor.

 

Section 6 Maintenance, Improvement, Alteration and Change

 

6.1 The Lessee shall at its own expense maintain, repair and keep in good repair any leased property; it shall provide accessories, tools, and services required for maintenance, and designate qualified staff to conduct maintenance.

 

6.2 Without written consent from the Lessor, the Lessee may not make any alteration, change or additional parts to any leased property.

 

6.3 In the case that any part or accessory attached to the leased property is replaced by the Lessee for any reason, the new one must be identical to the replaced one as to their value and utility, and such replaced item shall be owned by the Lessor upon the date of replacement.

 

Section 7 Damage and Destruction

 

The Lessee shall be liable for damage or permanent loss of useful value of any part of any leased property caused by its loss, stealing, destruction or damage, or its impairment or loss of title due to forfeiture, confiscation, seizure, expropriation, or condemnation. Any payment obligation as provided herein will not be deducted or exempted for circumstances stated above.

2
 

 

Section 8 Insurance

 

8.1 The Lessee shall insure any leased property against risks; the coverage and the insurer shall be designated by the Lessor and the premium shall be borne by the Lessee; its insurance policy must designate the Lessor as the insured and the beneficiary and stipulates that the insurer may not pay any claim to the lessee or any third party except that the Lessor's interest in leased property is satisfied and the insurer has been notified in writing. The Lessee may at its own expense insure any leased property against risks, and the insurance policy must designate the Lessor as the insured and the beneficiary and the premium shall be borne by the Lessee.

 

8.2 The Lessor shall deliver a copy of the insurance agreement to the Lessee and the Lessee is obligated to honor obligations provided therein.

 

8.3 In the case that any covered event occurs, the Lessee shall notify the insurer and the Lessor, of such event within 24 hours, and prepare documents and go through procedures required by the insurer.

 

8.4 In the case that any part of any leased property is lost, stolen, destructed or damaged to the extent that the insurer is of opinion that such property is financially unrecoverable, the insurance benefit paid by the insurer must be transferred to the Lessor to deduct the Lessee's obligation under Section 3 hereof; in the case that such deduction is insufficient the Lessee shall satisfy the balance.

 

8.5 In the case that the Lessor, for purposes of securitization or any other financing purpose, transfers to any third party the Agreement and any right or obligation thereunder in part or in full, the Lessee agrees that the Lessor may notify the insurance company or go through relevant procedures which change the beneficiary as such transferee under the insurance agreement which insures such leased property; and the Lessee further agrees to assist the Lessor unconditionally or to do the same as related insurer requires.

 

Section 9 Lessor's Discharge from Liability

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9.1 The Lessee agrees to assume any liability of risk from using or utilizing any leased property.

 

9.2 The Lessee agrees to hold the Lessor harmless against any damage, indemnification, expense or indebtedness arising out of design, manufacture, delivery, possession, use, transfer or hand-over of any leased property.

 

9.3 The Lessor agrees that, to the extent permitted by law, it will transfer to the Lessee its claim on warranty of the manufacturer or seller of any leased property.

 

9.4 The Lessor disclaims any representation for, or any express or implied warranty of, merchantability or fitness or validity for a particular purpose and disclaim any liability for any warranty in connection with any leased property.

 

9.5 Any leased property herein is chosen by the Lessee of its own free will, and the Lessee promises to the Lessor with respect to its responsibility for maintenance, service and valid use.

 

Section 10 Service Charge

 

Upon execution of the Agreement, the Lessee shall pay the Lessor a service fee in cash or any other commercial note consented by the Lessor under the service procedures as specified in the Leased Items; and the Parties agree that the Lessee may not claim a refund of such service fee for any reason.

3
 

 

Section 11 Breach

 

In case of any of the following circumstances, the Lessor may terminate the Agreement and request return of any lease property and the Lessee shall immediately satisfy all rent including rent for undue period, damages and any other expense:

 

11.1 Failure to satisfy indebtedness in accordance with the Agreement, dishonoring of bill, or deterioration of financial position.

 

11.2 Filing for compromise, insolvency, restructuring, winding up, or liquidation in accordance with bankruptcy law.

 

11.3 Any enforcement, provisional seizure, preliminary injunction, or any other preservation of any leased property or any asset of the Lessee.

 

11.4 Announcement of forfeiture of material assets due to criminal liability.

 

11.5 Lessee's disposition or transfer of its material assets without consent from the Lessor.

 

11.6 Damage or destruction of leased property provided, resulting in impairment of value or its net value is insufficient to cover claims and failure to refill despite delivery of notice of refilling within specified period.

 

11.7 There is material breach in dealing with financial institutions.

 

11.8 Upon death, his/her successor declares entailment or abandonment of succession.

 

11.9 The Lessee fails to comply with or perform any provision hereof.

 

In case of one of the aforementioned circumstances, the Lessee shall, starting on the date of breach and ending on the date of repayment, pay a penalty equaling 0.05% of the amount for breach each day.

 

Section 12 Miscellaneous

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12.1 In the case that the Lessee neglects to perform any right hereunder, resulting in any damage to the Lessor, the Lessee shall be liable for damages to the extent within damage to the Lessor's interest.

 

12.2 The Lessee and its joint guarantor shall issue a copy of promissory note to the Lessor as security. In case of any breach by the Lessee, the Lessee and its joint guarantor agree to authorize the Lessor or any other holder to complete information of maturity date in person or exercise any other right to complete such information in accordance with other laws concerning promissory notes; and the Lessor is authorized to use such promissory note for repayment of any indebtedness in accordance with the Agreement in case of breach by the Lessee.

 

12.3 In case of breach by the Lessee, the Lessor may dispose any leased property for indemnification without notice. If the Lessee has any other claim on the Lessor, the Lessee agrees that the Lessor may directly conduct disposition or set-off regardless of whether repayment of such claim is due.

 

12.4 Save as stipulated herein, in the case that the Lessee is indebted to the Lessor several obligations, where the Lessee's payment fails to satisfy all of its indebtedness, the sequence of repayment for such obligations shall be determined by the Lessor at its discretion.

 

12.5 Any agreement and any book, voucher, or instrument separately entered into by the Lessee and the Lessor, constitutes an integral part of the Agreement and is equally binding under law with the Agreement.

 

12.6 The Lessee ant its joint guarantor agree to allow the Lessor to collect, process and use their information in relation to the Agreement, including but not limited to credit information obtained by query from the Joint Credit Information Center (JCIC) and receive such information on behalf of them.

4
 

 

12.7 In the case that the Lessee has authorized the Lessor to deliver to or receive from JCIC the Lessee's credit report, the Lessor is entitled to deliver to JCIC information regarding agreements entered into between the Lessor and them including but not limited to essential information, credit information, financial information, and so forth, and may collect, process and use their information in accordance with purpose of incorporation, articles of association, and applicable laws. In accordance with purpose of incorporation, articles of association, and applicable laws, JCIC may give their information to members who participate in and use credit information exchange or any government agency which supervises any business engaged in finance lease or financial business.

 

12.8 The Lessee and the joint guarantor fully understand and agree the Lessor reserves the right to approve the Agreement despite their identity verification having done prior to the Agreement.

 

Section 13 Return of Leased Property

 

Upon early termination of the Agreement due to the Lessee's breach of the contract, the Lessee shall bear any risk and expense and recover any leased property to their original status, sent them to such place as designated by the Lessor and return to the Lessor.

 

Section 14 Assignment and Hypothecation

 

14.1 The Lessee may not transfer to any third party any right arising out of the Agreement or sublease, create encumbrance upon, or permit any third party to use or possess, any leased property.

 

14.2 Within the validity of this Agreement, the Lessee shall not transfer to any third party the ownership of the leased property and shall not create a right in rem over it.

 

Section 15 Lessee's Obligations

 

 

15.1 The Lessee hereby agrees that, its obligation to pay rent and any other expense in accordance with the Agreement is, at all event, an absolute obligation without any condition and the Lessee may not unilaterally terminate the Agreement; and the Lessee may not, for any reason, claim refund in part or in full of any installment of rent and any other expense in accordance with the Agreement.

 

15.2 Where leased property is a transportation vehicle, the Lessee shall employ qualified members with driver license and lawfully use it in accordance with applicable government regulations; in case of occurrence of any accident, the Lessee shall be fully liable and make indemnification in full.

 

15.3 If the Lessor requires to review the financial position of the Lessee or the joint guarantor, they shall send information, including but not limited to audited financial statements, statement of income, schedule of liabilities, and schedule of assets as required by the Lessor, to the Lessor for review upon their legal execution.

 

Section 16 Early Termination

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When the Lessee performs the Agreement normally and has no overdue rent, if the Lessee desires to make early termination of the Agreement and make repayment on a lump-sum basis, the Lessee shall pay off all rent undue in the following ways:

 

(1)Within 18 months after the lease term begins, if the Lessee applies for early termination of the contract, the Lessee shall pay the total amount of the discounted undue rent of each installment according to the annual interest rate of 4.5% plus the penalty calculated according to 1.5% of the total amount of all undue rent from the early termination date.

 

5
 

 

(2)Over 18 months after the lease term begins, if the Lessee applies for early termination of the contract, the Lessee shall pay the total amount of the discounted undue rent of each installment according to the annual interest rate of 4.5%.

 

Section 17 Joint Guarantor

 

17.1 The Joint Guarantor warrants that the Lessee shall perform all provisions hereunder; in case of breach by the Lessee, the Joint Guarantor shall be jointly liable for satisfaction and will abandon any defense in accordance with Section 24 of the Civil Procedures, Indebtedness Section and is willing to be bound by the following:

 

17.1.1 The Lessee's liability for warranty covers any rent, note amount, advanced payment, service fee arising out of lease by the Lessee, and any liquidated damages, interest, late interest, costs, damages, and any other obligation subordinate to principal debts.

 

17.1.2 During the period of validity of the Agreement, where the Lessee desires to make alternation to provisions of the Agreement with consent from the Lessor as the Lessee thinks practical, the guarantor shall still be jointly and severally liable for her, whether the Insurer is notified or not.

 

17.1.3 Where the Lessor may abandon security interest provided by the Lessee or allow the Lessee to extend payment or replace any leased property or the assumption of debt by any third party without consent of or notice to the joint guarantor, the joint guarantor may not make defense or disclaim its liability for warranty for such reason.

 

17.1.4 In case of absence of any element in the lease agreement or note, or incompletion of procedures or defective title on leased property, the joint guarantor shall be still fully liable.

 

17.1.5 The joint guarantor's liability may not be released until obtaining written consent from the Lessor.

 

17.2 If the Lessor is of opinion that credit of the Lessee's joint guarantor is severally damaged or its capability to provide guaranty is insufficient, the Lessor may request the Lessee to choose another joint guarantor accepted by the lessor for replacement and the Lessee may not decline such request.

 

Section 18 Choice of Law and Competent Court

 

In the case that the Lessee or the joint guarantor is foreigner or foreign entity, their obligations under the Agreement, creation, method and validity of their legal activities, must be governed by the law of Republic of China. The Agreement shall be executed at the place where the lessor resides. In case of any dispute arising out of the Agreement by the Lessee and the joint guarantor, they agree that Taiwan District Court shall be the trial court as stipulated in the leased Items, provided that any law sets forth jurisdiction of such case, such law shall prevail.

 

Section 19 Delivery

 

The place of delivery designated in the Agreement shall be taken as accurate. In the case that the Lessee or the joint guarantor changes its name, organization, articles of association, seal, legal representative, authority of legal representative, notice address or any other matter, they shall immediately notify the Lessor of such change in writing and apply for change or deregistration of original seal. The original seal kept by the Lessor will remain effective until the Lessor agrees to do the same. If the Lessee and the joint guarantor fails to perform their duty of notice of change of address as stated above, where the Lessor givens any notice at the address specified in the Agreement or the latest address of notice given by the Lessee and the joint guarantor, three days of such giving shall be deemed as legal delivery.

6
 

 

Section 20 Transfer of Ownership of Leased Property

 

Upon expiration of the lease period of the Agreement or early termination of the Agreement according to Section 16 and the Lessee pay off all rent and related taxes and fees without any breach, the Lessor shall agree to transfer ownership of any leased property to the Lessee and the Lessee acquires such ownership upon the date of payment of rent, taxes and fees.

 

Section 21 The Parties have executed the Agreement in duplicate and each is provided with one copy.

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Finance Lease Agreement (L01)/2014.06

 

 

 

 

 

 

 

7
 

 

Leased Items

 

  Name, Label and Specification, Manufacturer, Unit and Quantity
  Asset Asset description QTY

1. Leased Subject
Matter

 

153100000460 Laser welding machine (AA-ASl-100) 153100002140 1
  153100002141 Laser_welder 1
  153100002142 Laser_welder 1
  153100002143 Laser_welder 1
  153100002144 Laser_welder 1
  153100000989 BERT I MP1800A 1
  153100000990 BERT I MP1800A 1
  153100000627 BERT +SCOPE MP2100 1
  153100000628 BERT +SCOPE MP2100 1
  153100000624 . BERT+SCOPE MP2100 1
  153100000625 BERT+SCOPE MP2100 1
  153100000626 BERT+SCOPE MP2100 1
  153100001949 Wavelength Meter/Wl Meter :MP861208 3
  159100000340 BERT ( IJ filil)IMP1800A 1
  153100000597 BERT+ Scope /MP2100 (Anntsu) 1
  153100000598 BERT+Scope /MP2100 (Anntsu) 1
  153100000599 BERT+Scope IMP2100 (Anntsu) 1
  153100000600 BERT+ Scope IMP2100 (Anntsu) 1
  153100000897 BERT+ Scope/MP2100 1
  153100000898 BERT +ScopeiMP2100 1
  153100000899 BERT+ScopeiMP2100 1
  153100000900 BERT+ScopeiMP2100 1
  153100001365 lx4 switchiEOS-104-1-MG-2 1
  153100001366 lx4 swttch/E05- 104·1·MG 2 1
  153100001367 lx4 switch/EOS-104·1 MG·2 1
  153100001306 DCA module 86105C 1
  153100001307 DCA module 86105C 1
  153100001308 DCA module B6105C 1
  153100001309 DCA module 86105C 1
  153100000993 DCA module I 8610SC 1
  153100000994 DCA module I 86105C 1
  153100001107 DCA modulei86105C 1
  153100001108 DCA module/86105C 1
  153100001109 DCA module/8610SC 1
  153100001110 DCA module/86105( 1
  153100001111 DCA module/86105C 1
  153100001154 DCA module 8610SC/8610SC 1
  153100001155 DCA module 86105C/86105C 1
  153100001156 DCA module 8610SC/86105C 1
  153100001157 DCA module 86105(/86105( 1
  153100001158 DCA module 8610SCI86105C 1
  153100001159 DCA module 8610SC/8610SC 1
  153100001160 DCA modu l e 8610SC/86105C 1
  153100000675 DCA Module (86105(/100) 1
  153100000676 DCA Module (86105(/100) 1
  153100000677 DCA Module (86105CI100) 1
  153100000678 DCA Module (86105CI100) 1
  153100000679 DCA  Module (8610SCI100} 1
  153100000832 DCA Module (86105(/100) 1
  153100000833 DCA Module (86105CI100} 1
  153100000876 DCA  Module (8610SCI100) 1
  153100000538 DCA module 8610SC/86105C 1
  153100000539 DCA module 86105C/86105C 1
  153100000540 DCA module 8610SC/86105C 1
  153100000541 DCA module 8610SCI86105C 1
  153100000542 DCA module 86105C/86105C 1

  

2. Seller Applied Optoelectronics, Inc., Taiwan Branch
3. Place of Use No.18,Gong 4th Rd., Linkou Dist., New Taipei City 24452, Taiwan (R.O.C.)
4. Lease Period As of June, 30th, 104 Year of Republic of China to June, 30th, 107 Year of Republic of China
5. Service Fee Zero New Taiwan Dollar ($0)

 

 

8
 

 

6. Rent and Payment

June 30, 2015 - $40,240,903 NTD August 30, 2017- $2,169,331 NTD December 30, 2016 - $2,231,833 NTD
  November 30, 2015 - $2,333,399 NTD January 30, 2018 - $2,130,268 NTD May 30, 2017 - $2,192,770 NTD
  April 30, 2016 - $2,294,335 NTD June 30, 2018 - $2,088,804 NTD October 30, 2017 - $2,153,706 NTD
  September 30, 2016 - $2,255,272 NTD August 30, 2015 - $2,356,837 NTD March 30, 2018 - $2,114,642 NTD
  February 28, 2017 - $2,216,208 NTD January 30, 2016 - $2,317,774 NTD October 30, 2015 - $2,341,212 NTD
  July 30, 2017 - $2,177,144 NTD June 30, 2016 - $2,278,710 NTD March 30, 2016 - $2,302,148 NTD
  December 30, 2017 - $2,138,080 NTD November 30, 2016 - $2,239,646 NTD August 30, 2016 - $2,263,084 NTD
  May 30, 2018 - $2,099,017 NTD April 30, 2017 - $2,200,582 NTD January 30, 2017 - $2,224,021 NTD
  July 30, 2015 - $2,364,650 NTD September 30, 2017 - $2,161,519 NTD June 30, 2017 - $ 2,184,957 NTD
  December 30, 2015 - $2,325,586 NTD February 28, 2018 - $2,122,455 NTD November 30, 2017 - $2,145,893 NTD
  May 30, 2016 - $2,286,523 NTD September 30, 2015 - $2,349,025 NTD April 30, 2018 - $2,106,829 NTD
  October 30, 2016 - $2,247,459 NTD February 29, 2016 - $2,309,961 NTD  
  March 30, 2017 - $2,208,395 NTD July 30, 2016 - $2,270,897 NTD  

 

7. Place to Pay Rent Where the Lessor’s company resides
8. Foreign Exchange Converter

Rent denominated in foreign currency X Exchange rate issued by banks on the 7thday before rent payment date =NTD

Exchange rate issued by banks on the 7thday before rent payment date: shall mean spot selling rate of foreign exchange on the 7thday starting on the 1st day before the rent payment date; where the 7th day is public holiday, memorial day, or rest day, the 7th day shall be the banking day before public holiday, memorial day, or rest day.

9. Competent Court Shihlin District Court in Taiwan

 

Contracting Parties

 

Party A: Chailease Finance Co., Ltd.

 

 

Legal Representative: 陳其忠

 

Party B: Applied Optoelectronics, Inc., Taiwan Branch

Legal Representative: 林誌祥

9
 

 

 

Joint Guarantor: Co-Guarantor Joint Guarantor:

 

Address: Address:

 

Tel: Tel:

 

Joint Guarantor: Co-Guarantor Joint Guarantor:

 

Address: Address:

 

Tel: Tel:

 

Joint Guarantor: Co-Guarantor Joint Guarantor:

 

Address: Address:

 

Tel: Tel:

 

 

June, 30th, 104 Year of Republic of China

 

Finance Lease Agreement (L01)/2014.06

 

 

10
 


Promissory Note

Note payable to bearer on DD/MM/YYYY of Republic of China

 

Chailease Finance Co., Ltd. or its nominee

 

EIGHTY MILLION TWO HUNDRED TWO THOUSAND NINE HUNDRED SEVENTY TWO New Taiwan Dollar ($80,202,972)

 

This note is exempted from preparation of dishonoring certificate and obligation of notice as provided in Section 89 of the Negotiable Instruments Act

The annual interest rate is calculated at 20% starting on maturity date

The drawer of the note irrevocably authorize the bearer, its agent, employee or its nominee to complete the maturity date and any other required information

Place of payment:

 

 

Drawer: Applied Optoelectronics, Inc., Taiwan Branch Drawer:

Address: Address:

 

 

Drawer: Drawer:

Address: Address:

 

Drawer: Drawer:

Address: Address:

 

Drawer: Drawer:

Address: Address:

 

 

 

 

 

2014/01

 

 

 

11


Reference:
Security Exchange Commission - Edgar Database, EX-10.2 3 applied_8k-ex1002.htm FINANCE LEASE AGREEMENT, Viewed April 19, 2022, View Source on SEC.

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Licensed in TN
Nashville School of Law

Robert is a sixth-generation Tennessean and part of a long line of Tennessee attorneys: There has been a Marks attorney in Tennessee since 1856. In 1929, Robert’s great-grandfather established an event venue, Shadowbrook, which Robert has worked at his entire life, including managing for 10 years. He knows what business owners are dealing with—especially venue owners—because he has dealt with it. While Robert loves the hospitality industry, he pursued his passion. In 2016, Robert decided to attend law school and continue managing the business. He thrived. He was a founding member of the Nashville School of Law's Legal Aid Society, received the Tennessee Supreme Court’s Law Student for Justice award, and interned with the Tennessee Supreme Court's Access to Justice Commission. Before co-founding Mercury Legal Group, Robert focused on estate planning in solo practice. In this role, he helped clients protect what they had spent a lifetime building. Now he helps his clients build their businesses by providing tailored legal services.

O.T. W. on ContractsCounsel
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5.0 (1)
Member Since:
March 8, 2023

O.T. W.

Attorney
Free Consultation
Washington, DC
9 Yrs Experience
Licensed in MD, NY
Texas Southern University - Thurgood Marshall School of Law

Hi, my name is O.T. and I own The Walker Collective, a law firm that caters to the contractual, intellectual property, and business formation needs of creative entrepreneurs and small business owners. I am licensed to practice in Maryland and New York.

Faryal A. on ContractsCounsel
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4.9 (99)
Member Since:
February 23, 2023

Faryal A.

Attorney/Counsel
Free Consultation
Houston
2 Yrs Experience
Licensed in TX
University of Houston

Ms. Ayub is an attorney licensed to practice in Texas. Before moving to the US, she has a number of years of experience in contract review, analysis and drafting. Ms. Ayub is available to help you with your legal problems, as well as filling LLC and other business entity formation documents. To know more about her practice, please visit https://ayublawfirmpllc.com/.

Jason H. on ContractsCounsel
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4.9 (15)
Member Since:
March 5, 2023

Jason H.

Managing Attorney
Free Consultation
Dallas, Texas
23 Yrs Experience
Licensed in TX, VA
Regent University, School of Law

Jason has been providing legal insight and business expertise since 2001. He is admitted to both the Virginia Bar and the Texas State Bar, and also proud of his membership to the Fellowship of Ministers and Churches. Having served many people, companies and organizations with legal and business needs, his peers and clients know him to be a high-performing and skilled attorney who genuinely cares about his clients. In addition to being a trusted legal advisor, he is a keen business advisor for executive leadership and senior leadership teams on corporate legal and regulatory matters. His personal mission is to take a genuine interest in his clients, and serve as a primary resource to them.

Moxie M. on ContractsCounsel
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Member Since:
February 11, 2023

Moxie M.

Employment Lawyer
Free Consultation
Los Angeles, CA
14 Yrs Experience
Licensed in CA, FL, OH
Stetson University College of Law

Lindsey has always been deeply invested in the power of knowledge; she was born and raised in Columbus, Ohio before making her way to Miami University for a dual Bachelor's degree. Afterward, Lindsey completed a Juris Doctor at Stetson University with an International Law concentration before earning a Health & Hospital law Certificate from Seton Hall School of Law. After graduating law school, Lindsey began her career as an associate at a Florida-based insurance litigation firm. She eventually transitioned to become a multi-year Rising Star in Employment Law by Super Lawyers as a labor and employment lawyer with Scott Wagner and Associates, supporting clients in Florida, California & Ohio with employment law matters. Her expertise covers counseling on workplace policies/handbooks; investigations into EEO discrimination/retaliation claims; wage disputes & wrongful terminations - equipping employees across multiple states for success in the ever-changing modern workforce landscape. Leveraging extensive knowledge of state/federal regulations gained from handling dozens of cases over many years, Lindsey has established herself as a leader in the field. Lindsey is a seasoned litigator, well-versed in the complexities of employer and employee disputes. She has represented clients on both sides during numerous mediations and provides an informed perspective when advocating for her clients' interests. She sharpened her dispute resolution skills by completing Harvard Law School's Negotiation Mediation course as part of their Executive Education Program as well as a Florida Circuit Civil Certified Mediator - making her qualified to mediate Circuit Civil cases in Florida as well as California and Ohio. Her breadth of knowledge provides valuable insight into the complexities each side faces while navigating their way through conflict mediation situations. With her varied expertise in the world of entertainment industry employment law, Lindsey has become a go-to source for Hollywood professionals, studios, and companies looking to make sure their legal considerations and entertainment contract law knowledge is up to date. From contract negotiations and employment advice to her outstanding knowledge of current regulations, she provides clients with everything they need for success both now and into the future. Lindsey dedicates her time and expertise to advancing the legal community. She proudly serves on the Executive Council for Florida Bar Association Labor and Employment Section, as well as with American Bar's Membership Outreach Committee in a leadership role. Lindsey is also an respected LA Magazine Editorial Board Member while Co-Chairing both LACBA CLE Event Dinner Committees - focusing on labor and employment law developments. Lindsey is passionate about providing accessible legal services to those in need. She serves on the Pro Bono Mediation Panel for the U.S Central District Court of California, volunteers as a mediator with California Lawyers for Arts and acts as Settlement Officer with Los Angeles Superior Court's ResolveLA program - all while donating her time towards resolving disputes through pro bono mediation at Equal Employment Opportunities Commission (EEOC). Lindsey is a globetrotter, an outdoor enthusiast, and dedicated sports fan all rolled into one. While splitting time between California, Florida and Ohio she has the best of three world - from hiking trails to family gatherings there's always something interesting on her horizon! Plus with photography as a hobby Lindsey enjoys capturing life’s precious moments so they can be treasured for years to come.

Candace M. on ContractsCounsel
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Member Since:
February 24, 2023

Candace M.

Attorney
Free Consultation
Prosper, Texas
25 Yrs Experience
Licensed in LA, TX
Loyola University

For over 20 years, as an attorney and real estate broker, Candace has used her passion for business and real estate to help her clients succeed as business owners, entrepreneurs Realtors, and real estate investors. She and her team go above and beyond to simplify and solve those issues which trouble her clients. From the simple to the complex, she is ready to help. Her experience includes, Real Estate law, Contracts, Business Formation, Business Operating AGreements and Entrepreneurial counseling.

Alan A. on ContractsCounsel
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Member Since:
February 25, 2023

Alan A.

Attorney
Free Consultation
Austin, Texas
19 Yrs Experience
Licensed in OK, TX
University Of Oklahoma School of Law

I have dedicated my professional career and practice to Federal Government Procurement Law. My practice includes experience as an Army JAG who specialized in Government Procurement Law who represented contracting commands and requiring activities both deployed and in the United States and now as a civilian attorney who represents clients in all aspects of Federal Government Procurement Law. My clients are people and firms that are developing technology through the SBIR/STTR programs, OT's, and businesses using Small Business Administration (SBA) contracting programs.

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