INVENTORY FINANCING AND SECURITY AGREEMENTInventory Financing and Security Agreement • February 23rd, 2018 • RumbleON, Inc. • Services-computer programming services
This Inventory Financing and Security Agreement (“Agreement”) is effective as of February 16, 2018 and is made by and among the following parties:
CROSS COLLATERAL, CROSS DEFAULT, AND GUARANTY AGREEMENTDefault, and Guaranty Agreement • February 23rd, 2018 • RumbleON, Inc. • Services-computer programming services
THIS AGREEMENT is effective this 16th day of February, 2018, and is entered into among Ally Financial Inc., a Delaware corporation (“Ally”), Ally Bank (Ally Capital in Hawaii, Mississippi, Montana and New Jersey), a Utah chartered state bank, both Ally and Ally Bank having a local business office currently located at 5851 Legacy Circle, Suite 200, Plano, TX 75024 (Ally and Ally Bank are hereinafter referred to as “Ally Parties”), and the entities and individuals listed below (each entity a “Dealership,” each individual a “Dealer,” and collectively the “Dealership Parties”):
GENERAL SECURITY AGREEMENTGeneral Security Agreement • February 23rd, 2018 • RumbleON, Inc. • Services-computer programming services
For the purpose of securing the payment and performance of any and all obligations, loans, credit extensions, indebtedness, liabilities, and duties, whether contingent or matured, now or hereafter owing to Ally Bank (Ally Capital in Hawaii, Mississippi, Montana and New Jersey) or Ally Financial, Inc. (collectively, the “Ally Parties”), and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, RumbleOn, Inc., conducting business at 4521 Sharon Road, Suite 370, Charlotte, NC 28211, (“Dealer”), grants to the Ally Parties a security interest in, and a collateral assignment of, any and all of the following described property in which Dealer now or hereafter acquires an interest, wherever located, in whatever form, and in any and all proceeds thereof: all inventory; equipment; fixtures; accounts, including factory open accounts of Dealer; accounts with banks and other financial institutions; cash and cash equivalents; general intangibles; all docum
ADDENDUM TO INVENTORY FINANCING AND SECURITY AGREEMENTInventory Financing and Security Agreement • February 23rd, 2018 • RumbleON, Inc. • Services-computer programming services
