ProsoftTraining · S-1/A · On 9/16/96 · EX-10.9

Filed On 9/16/96   ·   SEC File 333-11247   ·   Accession Number 1017062-96-218

Pre-Effective Amendment to Registration Statement (General Form)   ·   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1/A       Amend. #1 to Form S-1 Registration Statement           9     58K 
 2: EX-2        Agreement and Plan of Reorganization                  24     88K 
 3: EX-10.6     Microsoft/Internet Contract                            4     23K 
 4: EX-10.7     Strategic Relationship Agreement                       7     29K 
 5: EX-10.8     Industrial/Commercial Single-Tenant Lease             40±   185K 
 6: EX-10.9     Xerox (Docutech) Lease                                 8±    37K 
 7: EX-10.10    Ibm Lease Agreement                                   10±    50K 
 8: EX-10.11    Equipment Lease                                        5     28K 

EX-10.9   ·   Xerox (Docutech) Lease

EX-10.9
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                                                                    EXHIBIT 10.9

PROFESSIONAL DEVELOPMENT INSTITUTE  

SUMMARY OF LEASE AND MAINTENANCE                                                

DOCUTECH WITH NETWORK SERVER                                                    

Lease Payments months 1-12                          $5,683.65                   
Lease Payments months 13-72                         $6,908.65                   

Months 1-12 includes warranty. No maintenance bills!!!                          

After month 12 PDI will need to select a maintenance plan.                      

Option 1                                                                        
Volume Plan                                                                     
Base maintenance $475/mo. each copy billed @ $.0088                             
Option 2                                                                        
High volume plan                                                                
Base maintenance $2,995/mo. each copy billed @ $.004                            

(2) Xerox 5334ZTASF                                                             
60 month lease payments                             $297.61/mo. each            
Each copy is billed @ $.0129                                                    

1 

EX-10.9
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This Xerox Order Agreement covers transaction(s) checked below and incorporates 
the General Terms and Conditions on the reverse side of the Customer copy and   
other documents referenced below.                                               
[_] Equipment Purchase (for Add-On)                                             
[X] Term Lease (or Add-on)                                                      
[_] XLA                                                                         
[_] Maintenance Only (including Price Plan Conversion)                          
[_] Maintenance                                                                 
[_] Trial                                                                       
[_] Supplies and Maintenance (SAM)                                              
--------------------------------------------------------------------------------
CUSTOMER NAME Professional Development Institute                                
--------------------------------------------------------------------------------
PARENT COMPANY (IF DIFFERENT)                                                   
--------------------------------------------------------------------------------
STREET ADDRESS 7100 Knott Blvd.                                                 
--------------------------------------------------------------------------------
BOX NUMBER/ROUTING                                                              
--------------------------------------------------------------------------------
CITY Buena Park, STATE CA ZIP 92801                                             
--------------------------------------------------------------------------------
INSTALLED AT, CUSTOMER NAME                                                     
--------------------------------------------------------------------------------
NAME OVERFLOW                                                                   
--------------------------------------------------------------------------------
FLOOR, ROOM ROUTING                                                             
--------------------------------------------------------------------------------
STREET ADDRESS                                                                  
--------------------------------------------------------------------------------
CITY        STATE        ZIP                                                    
--------------------------------------------------------------------------------
COUNTY INSTALLED IN                                                             
--------------------------------------------------------------------------------
Xerox Equipment Order Information                                               
--------------------------------------------------------------------------------
Qty    Xerox Product (Existing Serial # if in place.                            
Price Plan Conversion, or add-on)                                 
--------------------------------------------------------------------------------
1     NP1352                                                                  
--------------------------------------------------------------------------------
1     NServ                                                                   
--------------------------------------------------------------------------------
1     JM-1                                                                    
--------------------------------------------------------------------------------
Meter Read                                                                      

1________   2_________                                                          
--------------------------------------------------------------------------------
EQUIPMENT PURCHASE                                                              
--------------------------------------------------------------------------------
Less Deductions                         
List Price      Trade-in         Other          Net Price                       
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Totals:   Total Net Price (Exclusive of Sales/Use                               
Tax Maintenance and Supply Charges)                         
--------------------------------------------------------------------------------
Financial Interactive Communication:[_]Yes [X]No  Metered Supplies:[_]yes [X]no 
--------------------------------------------------------------------------------
Term of Agreement                                 Total Prepaid ????????        
72 months                                       0                       
--------------------------------------------------------------------------------
Total Monthly Minimum Lease Payment           $6,908.00                         
(Exclusive of Sales/Use Tax)                                                    
--------------------------------------------------------------------------------
Purchase Option Amount:                       $8,600.00                         
--------------------------------------------------------------------------------
Description of Maintenance Plan included in Total Monthly Lease Payment:        
Unbundled                                                                       
--------------------------------------------------------------------------------
Copy Charges will be billed separately in accordance with the Maintenance Price 
List indicated                                                                  
--------------------------------------------------------------------------------
             K-16 Summer
Copy Allowance                           Option Code                            
                 -------------------                    ------------------------
              Excess Meter
Copy Change MTR 1                        Bill Code                              
                 -------------------                    ------------------------
Copy Change MTR 2                                                               
-------------------                           
Shift Coverage:                          Hours:                                 
                 -------------------                    ------------------------
95 #                                                                            
--------------------------------------------------------------------------------
The interest payable for State/Local Government Term Lease subject to this order
is $__________ (For Term Lease this assumes this option to purchase is exercised
at end of lease period) at a rate of _________%.                                
--------------------------------------------------------------------------------
Complete This Section for Maintenance 
Unless modified by the customer in writing within 30 days of the contract       
expiration date, this contract will automatically be approved                   
--------------------------------------------------------------------------------
Hardware Price                                                                  
Plan Description:______Initial Term:_____?? Code_____Shift Coverage____Hours____
--------------------------------------------------------------------------------
CPO (  ) Monthly Minimum___Copy Allowance___Excess Rate___Meter 1___Meter 2___  
--------------------------------------------------------------------------------
Gov't Firm Contract Option_____ Gov't Fiscal Year Option_____                   
Gov't Fiscal Year Begins__________ K-10 Summer Option Code______                
--------------------------------------------------------------------------------
Requested Delivery Date 10/9/95                                                 
-------                         
--------------------------------------------------------------------------------
EXISTING XTI, CTI, RST Equipment to be removed                                  
(List serial #'s Cert. Tag #)                                                   
--------------------------------------------------------------------------------
CTI                                                                             
--------------------------------------------------------------------------------
Kodak 100                                                                       
--------------------------------------------------------------------------------
S/N 387291                                                                      
--------------------------------------------------------------------------------
Total Warranty Months                                                           
HARDWARE                 12                                                     
--------------------------------------------------------------------------------
ADDITIONAL SUPPLIES 
--------------------------------------------------------------------------------
QTY.                  REORDER #           SUPPLY ITEM              UNIT PRICE   
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
Xerox Supply Contract #:                                                        
--------------------------------------------------------------------------------
TAX EXEMPT  [_] Yes  [X] No 
(Attach Exemption Certificates) 
--------------------------------------------------------------------------------
PURCHASE ORDER INFORMATION
Attach original or copy 
(Purchase Order References are for Billing Purposes Only) 
Customer Requires Purchase Order Number:        [_] Yes   [X] No                
Purchase Order Numbers For This Order:                                          
Equipment: ____________________________________________________________________ 
Maintenance: __________________________________________________________________ 
Other: ________________________________________________________________________ 
--------------------------------------------------------------------------------
CUSTOMER ACCEPTANCE 
--------------------------------------------------------------------------------
Date     Yes
Xerox Price List       $65,316    9/95     [X]                                  
------    ----                  
$                   [_]           
------    ----                  
Maintenance Price List $65,316    9/95     [X]                                  
------    ----                  
Negotiated Contract #                                                           
------    ----                  
Gov't Contract #                                                                
------    ----                  
--------------------------------------------------------------------------------
                                             Dated        Yes     No
Equipment Purchase Terms and Conditions:           1/1/95       [_]     [_]     
                            ------
Maintenance Per Loss Terms and Conditions:         1/1/95       [X]     [_]     
                            ------
Term Lease Terms and Conditions:                   1/1/95       [X]     [_]     
                            ------
Product Specification Street NP1352                9/95         [X]     [_]     
                            ------
Equipment Trade-in Agreement                       1/1/95       [_]     [_]     
                            ------
Other: Unbundled                                                [X]     [_]     
---------                                   ------                
Other: MA-20210                                                 [X]     [_]     
---------                                   ------                
Other:                                                          [_]     [_]     
---------                                   ------                
--------------------------------------------------------------------------------
*Customer signatures below acknowledges receipt of documents (???? "yes" above) 
for incorporation into this agreement.*                                         

Name                                          Phone                             
(Please Print)      KEITH FREADHOFF           Number (714) 578-5945             
 --------------------------------       --------------
Signature       /s/ KEITH FREADHOFF                                             
---------------------------------------------------------   
Title   President/Ceo                         Date    9/26/95                   
---------------------------------------       ---------------       
--------------------------------------------------------------------------------
Sales Rep                                    Sales Rep                          
Emp. # AG8034                                Phone #   (714) 541-2200           
       -------------------------------------          --------------------------
Sales Rep Order Acknowledgement          Tony S.A. Sanchez                      
                                ------------------------------------------------
Xerox Corporation                                                               
Signature                                                                       
           ---------------------------------------------------------------------
Approved For [?????]                      
Title                                       Date                                
      -----------------------------------         ------------------------------
--------------------------------------------------------------------------------
Form 60900 (1/1/95) XEROX              XEROX is a trademark of XEROX CORPORATION

EX-10.9
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Effective January 1, 1995 (Supersedes August 1, 1991)                           

AMENDMENT TO LEASE AGREEMENT  
(STANDARD WARRANTY / EXTENDED SERVICE WARRANTY /  
FLAT RATE WARRANTY / PARTIAL TERM)  

THIS AMENDMENT ("Amendment") modifies Term Lease or Xerox Lease Agreement       
No. 95__                                                                        
("Agreement") previously entered by the parties as specified below.             

[_] Standard Warranty                                                           
Each at the first     (    ) monthly minimum lease payments of $      as        
       -----                                          ------
shown in the Agreement is changed to $     and there shall be no Excess Copy    
 -----
or similar charges during this period.                                          

[_] Extended Service                                                            
Monthly payments           through          will be changed to $         to     
         -----------       ----------                    ---------
reflect the Extended Service Warranty portion of the Agreement and there shall  
be no Excess Copy or similar charges during this period.                        

[_] Flat Rate Warranty                                                          
Monthly payments           through         will be changed to $          to     
         -----------       ---------                    ----------
reflect the Flat Rate Warranty portion of the Agreement and there shall be no   
Excess Copy or similar charges during this period.                              

[X] Other                                                                       
Monthly payments 1 through 12 will be changed to $5,683.65 to reflect           
application of an additional payment discount.                                  

Monthly payments l3 through 72 will be changed to the amount shown In the       
Agreement, subject, however, to any increase in the Maintenance Component of the
monthly minimum lease payment allowable under the applicable terms and          
conditions, and you shall pay for any Excess Copy or similar charges during this
portion of the contract and any renewals thereof.                               

Except where this Amendment is in conflict with the Agreement, all terms and    
conditions of the Agreement shall remain in full force and effect.              

THE PERSON SIGNING THIS AMENDMENT WARRANTS THAT HE / SHE IS A DULY AUTHORIZED   
REPRESENTATIVE OF YOU AND HAS THE AUTHORITY TO EXECUTE THIS AMENDMENT ON YOUR   
BEHALF.                                                                         

Customer:    KEITH FREADHOFF                                                    
--------------------                                          
By:                                                                             
--------------------                                          

/s/ KEITH FREADHOFF                                                     
-----------------------------                                                   
Customer's Signature                                                            

President/CEO                                                                   
-----------------------------                                                   
Customer's Title                                                                

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                                                                 January 1, 1995
TRADE-IN TERMS AND CONDITIONS 

The following terms and conditions are in addition to the General Terms and     
Conditions contained on the reverse side of the Order Agreement.                

1.   OWNERSHIP. You warrant that you own and have the right to transfer the     
    Equipment listed below, including current Options and Accessories ("Trade-
     in Equipment"), free and clear of all claims, liens and encumbrances. Title
     and risk of loss to the Trade-In Equipment shall pass to Xerox upon removal
 from your premises. You further warrant that the Trade-In Equipment has
   been installed and performing its intended function for the previous year
  at the installation address of the replacement Equipment being installed
("Replacement Equipment").                                            

                                                                · Download Table

                                                                             
TRADE-IN EQUIPMENT MANUFACTURER; MODEL AND SERIAL NUMBERS  TRADE-IN ALLOWANCE
Kodak 100                                                  $  7,000          
---------------------------------------------------------   -----------------
                                                           $                 
---------------------------------------------------------   -----------------
                                                           $                 
---------------------------------------------------------   -----------------


2.   CONDITION. You warrant that the Trade-In Equipment is in good working order
and has a UL label attached. If the Trade-In Equipment is Xerox       
Equipment, you also warrant that it has a Xerox serial number plate   
attached and has not been altered from the original manufactured      
configuration except for Xerox initiated upgrades or retrofits. If the
     Trade-In Equipment is non-Xerox Equipment, you warrant that it has not been
 modified, except in accordance with UL approved procedures. You further
   warrant that all data files have been deleted or are of a nature which is
not sensitive for disclosure to others. You will maintain the Trade-In
    Equipment in substantial its present condition until removal by Xerox, and
will remove all supplies from the Trade-In Equipment prior to removal 
Xerox.                                                                

3.   DELIVERY AND REMOVAL. The Trade-In Equipment must be located at the        
   installation address of the Replacement Equipment and shall be removed by
Xerox at the same time that you accept delivery of the Replacement    
   Equipment. The standard removal charge will be waived, except for unusual
expenses.                                                             

4.   EARLY TERMINATION. If the Trade-In Equipment is Xerox Equipment, any       
applicable Xerox Maintenance Plan or Software License will be deemed  
 terminated asotedate the Trade-In Equipments removed. Early Termination
    charges will be waived if the Replacement Equipment is Leased Equipment or
Rental Equipment, or is otherwise subject to a Xerox Maintenance Plan 
or express warranty in excess of 12 months.                           

                                                        · Enlarge/Download Table

                                                                                                                               
5. APPLICATION OF TRADE-IN ALLOWANCE. You may apply the Trade-In Allowance as follow's.                                        

   To Unfilled Xerox Finance Agreement on Trade-In Equipment:                           $                                      
                                                                                          -------------------------------------
   To Purchase Price of Replacement* Equipment:                                         $  7,000                               
                                                                                          -------------------------------------
   To Monthly Invoices Issued for Equipment Services Agreements @ 1/24 per Month:       $                                      
                                                                                          -------------------------------------
   To Non-Cash Discounts:                                                               $                                      
                                                                                          -------------------------------------

6.   PAYMENT OF CARRYING CHARGES. For Trade-In Equipment subject to a Xerox     
Finance Agreement (i.e., Equipment purchased on an installment payment
    basis or leased from Xerox), you shall pay all maintenance, administrative
 and finance charges for the Trade-In Equipment accuring under the Xerox
   Finance agreement after monthly payment number     through the date title
                           -----
to the Trade-In Equipment passes to Xerox. Xerox will send you monthly
invoices for these amounts.                                           

EX-10.9
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EFFECTIVE MARCH 1, 1995                                                         

AMENDMENT TO LEASE AGREEMENT  
(MAINTENANCE EXCLUDED)  

THIS AMENDMENT ("Amendment") modifies Term Lease or Xerox Lease Agreement       
entered by the parties on or about 9/26, 1995 {"Agreement"). Except to the      
extent modified by this Amendment, all of the terms and conditions of the       
AGreement remain in full force and effect.                                      

1.      The Agreement is modified so that your obligation to pay the Maintenance
        Component of the monthly lease payments and Xerox obligation to maintain
the Leased Equipment ar eliminated form the agreement.          

2.      For the during of the Agreement, you shall promtly enter, and maintain  
 in full force and effect, at your expense, a Maintenance Services
       Agreement ("MSA") with Xerox for all of the Leased Equipment subject to
        the Agreement,a nd Xerox shall perform the serivces required by the MSA.
        A breach of such MSA by you or Xerox will also be deemed a breach of the
Agreement.                                                      

3.      You and Xerox agree that if you elect to terminate the Agreement in a   
  manner either (a) specifically permitted without penalty under the
      Agreement or (b) deemed acceptable in a writing signed by both parties
        which specifically references this Amendment. Xerox shall not assess any
Early Termination Charges otherwise payable under the MSA.      

THE PERSON SIGNING THIS AMENDMENT WARRANTS THAT HE/SHE IS A DULY AUTHORIZED     
REPRESENTATIVE OF YOU AND HAS THE AUTHORITY TO EXECUTE THIS AMENDMENT ON YOUR   
BEHALF.                                                                         

Customer:                                                                       
------------------------------                                

By:      KEITH D. FREADHOFF                                                     
------------------------------                                

/s/ KEITH D. FREADHOFF                                          
---------------------------------------                                         
Customer's Signature                                                            

5 

Dates Referenced Herein   and   Documents Incorporated By Reference

				Referenced-On Page
This S-1/A Filing		Date		First		Last			Other Filings
		1/1/95		3		4
		3/1/95		5
Filed On / Filed As Of		9/16/96
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