MASTER EQUIPMENT LEASE AGREEMENT NO. 0039
THIS MASTER EQUIPMENT LEASE AGREEMENT NO. 0039 is entered into effective October 20, 1997
by and between PHOENIX LEASING INCORPORATED as lessor ("Lessor") and BIG ENTERTAINMENT,
INC. as lessee ("Lessee").
Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the equipment, machinery, fixtures and
intangibles, whether now owned or hereafter acquired, described on the Schedule attached hereto or on any
subsequently-executed Schedule entered into by Lessor and Lessee which incorporates this Master Equipment
Lease Agreement No. 0039 by reference, and all present and future substitutions and replacements of and
additions, improvements, accessions and accumulations to the same, together with all rents, issues, income,
profits and proceeds therefrom (collectively, the "Equipment"). Lessor leases the Equipment to Lessee upon the
terms and conditions set forth in the Terms and Conditions of Lease attached hereto and incorporated herein by
LESSEE'S SIGNATURE ON THIS DOCUMENT MUST BE NOTARIZED.
TERMS AND CONDITIONS OF LEASE
Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, upon the following terms and conditions,
the Equipment described on each schedule to this Master Equipment Lease Agreement entered into by Lessor
and Lessee, which schedule(s) incorporate(s) this Master Equipment Lease Agreement and Terms and
Conditions of Lease by reference ("Schedule"). Each Schedule shall constitute a separate and independent lease
and contractual obligation of Lessee. The term "Lease" as used herein refers collectively to any Schedule, the
Master Equipment Lease Agreement, these Terms and Conditions of Lease, and any other documents executed
in connection with any of the above.
1. TERM OF LEASE. The term of this Lease commences on the date Lessee executes an acceptance notice for
the Equipment. Rental payments shall commence on the "Rent Commencement Date" as provided in Section 7
hereof and rema