Master Lease No. 2020
MASTER AGREEMENT TO LEASE EQUIPMENT
THIS MASTER AGREEMENT TO LEASE EQUIPMENT (this "Agreement") is entered into as of November
3, 1998 by and between CISCO SYSTEMS CAPITAL CORPORATION ("Lessor"), having its principal place
of business at 170 West Tasman Drive, San Jose, California 95134 and VIP CALLING, INC., a Delaware
Corporation ("Lessee"), having a principal place of business at 121 Middlesex Turnpike, Burlington, MA 01803.
I. THE LEASE
1.1 Lease of Equipment. In accordance with the terms and conditions of this Agreement, Lessor shall lease to
Lessee, and Lessee shall lease from Lessor, the personal property, including all substitutions, replacements,
repairs, parts and attachments, improvements and accessions thereto and therein (the "Equipment"), described in
the lease schedule(s) (each, a "Lease") to be entered into from time to time into which this Agreement is
incorporated. Each Lease shall constitute a separate, distinct, and independent lease and contractual obligation of
Lessee. Lessor or its assignee shall at all times retain the full legal title to the Equipment, it being expressly agreed
by both parties that each Lease is an agreement of lease only.
1.2 Term of Lease. The original term (the "Original Term") of the Equipment shall commence on the
Commencement, and, subject to Sections 3.3 and 3.5 below, shall terminate on the date specified in the Lease.
Except as specifically provided in this Section 1.2, no Lease may be terminated by Lessor or Lessee, for any
reason whatsoever, prior to the end of the Original Term (the "Lease Term"). Notwithstanding any provision to
the contrary contained in this Agreement, Lessee shall be deemed to accept the Equipment on the
Commencement Date (as specified in each Lease).
1.3 Rental Payments. Lessee shall pay Lessor monthly rent ("Rent") for the Equipment in the amounts and at the
times specified in the Lease provided, however, that no Rent shall be due or