3 MARGARITAS

General Description
ICE MACHINE & BIN

General Description
WHICH ARE SOLD FROM TIME TO TIME. THE SALE OF FUTURE CREDIT CARD RECEIVABLES IS INTENDED TO BE A SALE AND NOT AN ASSIGNMENT FOR SECURITY.
General Description
ALL PERSONAL PROPERTY OF THE DEBTOR, INCLUDING WITHOUT LIMITATION ACCOUNTS, CHATTEL PAPER, DOCUMENTS, EQUIPMENT, GENERAL INTANGIBLES, INSTRUMENTS, INVENTORY (AS THOSE TERMS ARE DEFINED IN ARTICLE 9 OF THE UNIFORM COMMERCIAL CODE IN EFFECT FROM TIME-TO-TIME IN THE STATE OF NEW YORK) WHEREVER LOCATED, NOW OR HEREAFTER OWNED OR ACQUIRED BY THE MERCHANT; (B) ALL TRADEMARKS, TRADE NAMES, SERVICE MARKS, LOGOS AND OTHER SOURCES OF BUSINESS IDENTIFIERS, AND ALL REGISTRATIONS, RECORDINGS AND APPLICATIONS WITH THE U.S. PATENT AND TRADEMARK OFFICE AND ALL RENEWALS, REISSUES AND EXTENSIONS THEREOF (COLLECTIVELY, "TRADEMARKS") WHETHER NOW OWNED OR HEREAFTER ACQUIRED, TOGETHER WITH ANY WRITTEN AGREEMENT GRANTING ANY RIGHT TO USE ANY TRADEMARKS; AND (C) ALL PROCEEDS AS THAT TERM IS DEFINED IN ARTICLE 9 OF THE UNIFORM COMMERCIAL CODE.    ALL OF SECURED PARTY'S RIGHT, TITLE AND INTEREST IN AND TO PRESENTLY EXISTING AND FUTURE CREDIT CARD RECEIVABLES DUE TO DEBTORS FROM DEBTORS' CREDIT CARD PROCESSORS

General Description
ALL PERSONAL PROPERTY OF THE DEBTOR, INCLUDING WITHOUT LIMITATION ACCOUNTS, CHATTEL PAPER, DOCUMENTS, EQUIPMENT, GENERAL INTANGIBLES, INSTRUMENTS, INVENTORY (AS THOSE TERMS ARE DEFINED IN ARTICLE 9 OF THE UNIFORM COMMERCIAL CODE IN EFFECT FROM TIME-TO-TIME IN THE STATE OF NEW YORK) WHEREVER LOCATED, NOW OR HEREAFTER OWNED OR ACQUIRED BY THE MERCHANT; (B) ALL TRADEMARKS, TRADE NAMES, SERVICE MARKS, LOGOS AND OTHER SOURCES OF BUSINESS IDENTIFIERS, AND ALL REGISTRATIONS, RECORDINGS AND APPLICATIONS WITH THE U.S. PATENT AND TRADEMARK OFFICE AND ALL RENEWALS, REISSUES AND EXTENSIONS THEREOF (COLLECTIVELY, "TRADEMARKS") WHETHER NOW OWNED OR HEREAFTER ACQUIRED, TOGETHER WITH ANY WRITTEN AGREEMENT GRANTING ANY RIGHT TO USE ANY TRADEMARKS; AND (C) ALL PROCEEDS AS THAT TERM IS DEFINED IN ARTICLE 9 OF THE UNIFORM COMMERCIAL CODE.    ALL OF SECURED PARTY'S RIGHT, TITLE AND INTEREST IN AND TO PRESENTLY EXISTING AND FUTURE CREDIT CARD RECEIVABLES DUE TO DEBTORS FROM DEBTORS' CREDIT CARD PROCESSORS WHICH ARE SOLD FROM TIME TO TIME. THE SALE OF FUTURE CREDIT CARD RECEIVABLES IS INTENDED TO BE A SALE AND NOT AN ASSIGNMENT FOR SECURITY.

General Description
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 L. 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 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.

Ice Machine & Bin

All assets now owned or hereafter acquired or arising.

Ice Machine

Certain future credit card, debit card, bank card, other charge card, and direct sales and receivables sold by LA TARASCA TORRES, LLC dba 3 MARGARITAS AKA TEQUILA VILLAGE MEXICAN CUISINE MONUMENT AND PAULO CESAR VILLASENOR AND MA ESTHER PINEDAas Seller, and purchased by Simply Funding LLC, as Buyer, pursuant to that certain Receivables Purchase Agreement and any future agreements, between Seller and Buyer regarding the sale of future receivables (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 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, transferring any 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 unto Buyer a continuing security interest, whether now owned or acquired hereafter, in (i) all of Seller'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. Note - Pursuant to the receivables purchase agreement, debtor has agreed not to further encumber any accounts receivables.

All accounts, accounts receivables, and deposit accounts now existing or hereafter acquired or arising, together with all accessions and proceeds related thereto.