Ride - Need A Ride?

All Assets now owned or hereafter acquired and wherever located, including but not limited to, the following subcategories of assets: a. Accounts, including but not limited to, credit card receivables; b. Chattel Paper; c. Inventory; d. Equipment; e. Instruments, including but not limited to, Promissory Notes; f. Investment Property; g. Documents; h. Deposit Accounts; i. Letter of Credit Rights; j. General Intangibles; k. Supporting Obligations; and I. Proceeds and Products of the foregoing.  Notice Pursuant to an agreement between Debtor and Secured Party, Debtor has agreed not to further encumber the collateral described herein, the further encumbering of which may constitute the tortious interference with the Secured Party's right by such encumbrancer in the event that any entity is granted a security interest in the Debtor's accounts, chattel paper or general intangibles contrary to the above, the Secured Party asserts a claim to any proceeds thereof received by such entity.

THIS FILING IS TO INDICATE AND NOTIFY OF THE SECURED PARTY'S ABSOLUTE PURCHASE OF RECEIVABLES/ACCOUNTS RECEIVABLE OF DEBTOR, SUCH THAT THE SECURED PARTY IS THE PRESENT AND ABSOLUTE OWNER OF SUCH RECEIVABLES/ACCOUNTS RECEIVABLE. IN CONNECTION WITH THE PURCHASE OF THE DEBTOR'S RECEIVABLES/ACCOUNTS RECEIVABLE, THE DEBTOR HAS ALSO GRANTED THE SECURED PARTY A SECURITY INTEREST IN THE FOLLOWING PROPERTY THAT THE DEBTOR NOW OWNS OR SHALL ACQUIRE OR CREATE IMMEDIATELY UPON THE ACQUISITION OR CREATION THEREOF: ALL ACCOUNTS, INVENTORY, EQUIPMENT, AND GENERAL INTANGIBLES, INCLUDING ANY AND ALL ACCESSIONS THERETO, ANY AND ALL ATTACHMENTS, PARTS, SUPPLIES, AND REPLACEMENTS TO/FOR ANY OF THE FOREGOING, AND ANY AND ALL PROCEEDS AND PROFITS OF ANY OF THE FOREGOING, INCLUDING BUT NOT LIMITED TO INSURANCE PROCEEDS.

"Future Receipts" sold by Debtor to Secured Party.  "Future Receipts" means any payments received by Debtor from customers and other third-parties in exchange for Debtor's goods or services (in any form including, but not limited to, cash, check, payment card, and electronic transfers).  Debtor & Secured Party intend that the sale of Future Receipts is a sale and not an assignment for security or a financing.  Pursuant to the agreement between Secured Party and Debtor, Debtor is prohibited from transferring any Future Receipts to any other person or entity, granting any security interests in its accounts receivables, or obtaining any financing that impairs the value of the Future Receipts or Secured Party's right to collect the same until Secured Party has received all amounts due to it.