AMERICAN TIRE RECYCLING, LLC

No collateral description in the Colorado open-data record.

This shall serve as an authorization for IBIS to file a new Financing Statement with the office of the Secretary of State. The following collateral description will be included in such filing: "THE COLLATERAL SHALL CONSIST OF ALL OF THE PERSONAL PROPERTY OF DEBTOR, WHEREVER LOCATED, AND NOW OWNED OR HEREAFTER ACQUIRED, INCLUDING: ACCOUNTS, INCLUDING HEALTHCARE-INSURANCE RECEIVABLES; CHATTEL PAPER; INVENTORY; EQUIPMENT; INSTRUMENTS, INCLUDING PROMISSORY NOTES; INVESTMENT PROPERTY; DOCUMENTS; DEPOSIT ACCOUNTS; LETTER-OF-CREDIT RIGHTS; GENERAL INTANGIBLES, INCLUDING PAYMENT INTANGIBLES; SUPPORTING OBLIGATIONS; AND TO THE EXTENT NOT LISTED ABOVE
AS ORIGINAL COLLATERAL, PROCEEDS AND PRODUCTS OF THE FOREGOING." "ALL OF THE FOLLOWING NOW OWNED AND ALL HEREAFTER ACQUIRED BY OR ARISING IN FAVOR OF DEBTOR, ALL PROCEEDS THEREOF AND ALL RETURNED OR REPOSSESSED GOODS ARISING THEREFROM OR RELATING THERETO: ACCOUNTS, INCLUDING HEALTHCARE-INSURANCE RECEIVABLES; CONTRACT RIGHTS; CHATTEL PAPER; GENERAL INTANGIBLES, INCLUDING PAYMENT INTANGIBLES; DEPOSIT ACCOUNTS; INSTRUMENTS; DOCUMENT AND ALL GOODS AND RECORDS PERTAINING, IN WHOLE OR IN PART, TO ANY OF THE FOREGOING."

Certain future credit card, debit card, bank card and other charge card (credit card) receivables sold by American Tire Recycling, LLC as Seller, and purchased by Rapid Capital FINANCE, LLC as Buyer, pursuant to that certain merchant agreement between seller and purchaser regarding the sale of future receivables dated 04/28/2016 (The Agreement). The sale of the future receivables pursuant to the agreement is intended by the parties thereto to be an outright sale of such future receivables and not to intend to be, nor is it to be construed as a financing or an assignment for securing the obligations of the seller. In addition, the agreement prohibits seller from incurring any debt, transferring future receivables to any other person or granting any security interests in its accounts receivable or other assets until buyer has received all amounts due under the agreement. Seller grants to Buyer a continuing security interest in
(i) all of Merchant's accounts, deposit accounts, chattel paper, goods, inventory, equipment, instruments, causes of action (including tort claims), investment property, documents, and general intangibles (including trademarks, service marks, trade names, patents, copyrights, licenses and franchises), as such terms are defined in the UCC, as revised and in effect, (ii) all reserves and reserve accounts maintained by Seller's credit card processor(s), (iii) all Future Receivables, as herein defined, (iv) all other assets and personal property of the Seller, and (v) all products and proceeds thereof, including but not limited to insurance proceeds. Buyer shall have all rights and be entitled to all benefits afforded to a secured creditor under the Uniform Commercial Code (UCC) or otherwise at law.

THE PROCEEDS OF EACH FUTURE SALE BY THE DEBTOR(S) IDENTIFIED ON THIS FINANCING STATEMENT AS SELLER(S), WHETHER THE PROCEEDS ARE PAID BY CASH, CHECK, ACH, CREDIT CARD, DEBIT CARD, BANK CARD, CHARGE CARD AND/OR AND OTHER MEANS (COLLECTIVELY "FUTURE SALE PROCEEDS") SOLD BY SELLER, AND PURCHASED BY BUYER, PURSUANT TO THAT CERTAIN PURCHASE AGREEMENT BETWEEN SELLER AND PURCHASER REGARDING THE SALE OF FUTURE SALE PROCEEDS DATED 06-21-2016 (THE "AGREEMENT"). THE SALE OF THE FUTURE SALE PROCEEDS PURSUANT TO THE AGREEMENT IS INTENDED BY THE PARTIES THERETO TO BE AN OUTRIGHT SALE OF SUCH FUTURE SALE PROCEEDS AND NOT INTENDED TO BE, NOR IS IT TO BE CONSTRUED AS, A FINANCING OR AN ASSIGNMENT
FOR SECURING THE OBLIGATIONS OF THE SELLER. IN ADDITION, THE AGREEMENT PROHIBITS SELLER FROM INCURRING ANY DEBT OTHER THAN TRADE PAYABLES AND OTHER DEBT INCURRED IN THE ORDINARY COURSE OF BUSINESS, TRANSFERRING FUTURE SALE PROCEEDS TO ANY OTHER PERSON, OR GRANTING ANY SECURITY INTERESTS IN ITS ACCOUNTS RECEIVABLE OR OTHER ASSETS UNTIL BUYER HAS RECEIVED ALL AMOUNTS DUE UNDER THE AGREEMENT WITHOUT THE EXPRESS WRITTEN CONSENT OF THE BUYER.

All assets now owned, or hereafter acquired, including without limitation: (a) all accounts, including without limitation, all deposit accounts, accounts- receivable, and other receivables, chattel paper, documents, equipment, general intangibles, instruments, and inventory, as those terms are defined by Article 9 of the Uniform Commercial Code (the "UCC"), now or hereafter owned or acquired by Merchant; and (b) all proceeds, as that term is defined by Article 9 of the UCC ("a" and "b" collectively, the "Collateral").

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.