SECURITY AGREEMENTSecurity Agreement • December 22nd, 2008 • EV Transportation, Inc. • Services-racing, including track operation • California
THIS SECURITY AGREEMENT (this “Agreement”) is made and entered into as of October 9, 2008 by and among EV RENTAL CARS, LLC, a California limited liability company, with an address of 5500 West Century Boulevard, Los Angeles, California, 90045 (the “Debtor”), in favor of PLETHORA PARTNERS LLC, a California limited liability company with an address of 2049 Century Park East, Suite 3670, Los Angeles, California 90067 (the “Secured Party”) (Debtor and Secured Party, collectively the “Parties”).
LOAN AND SECURITY AGREEMENT TOYOTALoan and Security Agreement • December 22nd, 2008 • EV Transportation, Inc. • Services-racing, including track operation • California
THIS LOAN AND SECURITY AGREEMENT (this “Agreement”) is made as of 09/05/2008, by and between TOYOTA MOTOR CREDIT CORPORATION (“Lender”) and EV RENTAL CARS, LLC, a CALIFORNIA CORPORATION (“Borrower”).
EV TRANSPORTATION, INC. WARRANT TO PURCHASE COMMON STOCK **** 30,227,500 Shares of Common Stock ****EV Transportation, Inc. • December 22nd, 2008 • Services-racing, including track operation • Nevada
This Warrant is issued in connection with a certain Secured Promissory Note and Warrant Purchase Agreement, dated as of the date hereof (as amended, modified or supplemented, the “Note Purchase Agreement”), between Company, Holder and EV Rental Cars, LLC, a California limited liability company and wholly owned subsidiary of Company (the “Subsidiary”). Pursuant to the Note Purchase Agreement, Subsidiary executed a Secured Promissory Note, dated as of the date hereof (as amended, modified or supplemented, the “Note”), in favor of Holder in the principal amount of $300,000, bearing interest at 10% per annum. Also, pursuant to the Note Purchase Agreement, Subsidiary executed a Security Agreement, dated as of the date hereof (as amended, modified or supplemented, the “Security Agreement”), pursuant to which Subsidiary granted Holder a security interest in certain Collateral (as such term is defined in the Security Agreement) to secure its obligations under the Note. Terms used but not defin
GUARANTY AGREEMENTGuaranty Agreement • December 22nd, 2008 • EV Transportation, Inc. • Services-racing, including track operation • California
THIS GUARANTY AGREEMENT (“Agreement”) is made and entered into as of October 9, 2008, by EV Transportation, Inc., a Nevada corporation (“Guarantor”), in favor of Plethora Partners LLC (“Lender”).
SECURED PROMISSORY NOTEEV Transportation, Inc. • December 22nd, 2008 • Services-racing, including track operation • California
This Note is issued in connection with a certain Secured Promissory Note and Warrant Purchase Agreement dated as of October 9, as amended, modified or supplemented, the “Note Purchase Agreement”) between Company, Parent and Holder.
SECURED PROMISSORY NOTE AND WARRANT PURCHASE AGREEMENTSecured Promissory Note and Warrant Purchase Agreement • December 22nd, 2008 • EV Transportation, Inc. • Services-racing, including track operation • California
THIS SECURED PROMISSORY NOTE AND WARRANT PURCHASE AGREEMENT (this “Agreement”) is made as of October 9, 2008, by and among EV TRANSPORTATION, INC., a Nevada corporation (the “Parent”), EV RENTAL CARS, LLC, a California limited liability company and a wholly owned subsidiary of the Company (the “Subsidiary”) (Parent and Subsidiary, collectively, the “Company”) and PLETHORA PARTNERS, LLC, a California limited liability company (the “Purchaser”).
