Inspection from Loan and Security Agreement
This Loan and Security Agreement, is entered into as of March 21, 2013, among Alpha Capital Anstalt ("Alpha") and Brio Capital Master Fund, Ltd. ("Brio" and together with Alpha each a "Lenders" collectively the "Lenders"), T3 Motion, Inc. ("Borrower"), a Delaware corporation, and Collateral Agents, LLC (the "Collateral Agent").
Inspection. Upon reasonable advance notice by Lenders to Borrower, Borrower shall permit Lenders or any representatives thereof, during usual business hours, to periodically: (a.) have access to all Premises/Other Locations where any Collateral is located for the purposes of inspecting (and removing, if after the occurrence and during the continuance of an Event of Default) any of the Collateral, including Borrower's Books; and (b.) permit Lenders or its designees to inspect, audit, make copies of, and make extracts from Borrower's Books as Lenders may request. No such advance notice shall be required after the occurrence and during the continuance of an Event of Default or if Lenders reasonably suspects that an Event of Default may have occurred. Borrower hereby irrevocably authorizes all accountants and third parties to disclose and deliver to Lenders at Borrower's expense all financial information, books and records, work papers, management reports and other information in its possession relating to Borrower whether verbally, in writing (by record or authenticated record) or otherwise.