EL COCO PIRATA LLC

ALL INVENTORY, CHATTEL PAPER, ACCOUNTS, EQUIPMENT AND GENERAL INTANGIBLES; WHETHER ANY OF THE FOREGOING IS OWNED NOW OR ACQUIRED LATER; ALL ACCESSIONS, ADDITIONS, REPLACEMENTS, AND SUBSTITUTIONS RELATING TO ANY OF THE FOREGOING; ALL RECORDS OF ANY KIND RELATING TO ANY OF THE FOREGOING; ALL PROCEEDS RELATING TO ANY OF THE FOREGOING (INCLUDING INSURANCE, GENERAL INTANGIBLES AND OTHER ACCOUNTS PROCEEDS)

Certain future credit card, debit card, bank card and other charge card (credit card) receivables sold by El Coco Pirata 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 09/27/2018 (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 (excluding any accounts receivable or other obligations owed to the Merchant directly from its consumers), 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.

All accounts receivable, other rights of payment of Borrower, and payments made to Borrower, however made, including, but not limited to, payments by cash, check, ACH, wire transfer or other electronic transfer, and Payment Card Receipts, in each case, arising out of the sale of goods and services by Borrower, together with all proceeds, including cash proceeds, of such receivables, rights of payment, and payments, now existing or hereafter created.

As per the agreement between the parties a specified percentage of the sales / revenue (as those terms are defined in Article 9 of the Uniform Commercial Code in effect from time-to-time in the State of Florida) will be paid by the merchant. Merchant is prohibited from obtaining additional finance/investment against future sales/revenue after the date of the agreement.