UCC Authorization and Filing Acknowledgment

Commercial Credit Facility

This UCC Authorization and Filing Acknowledgment (“Authorization”) is entered into as of ______ ___ , 20__, by and between:

CARE CASH GLOBAL, a California corporation — California Finance Lender & Broker, DFPI License No. 60DBO-168236, NMLS Company ID 2353336 (“CCG” or “Secured Party”)

and

________________________________________ (“Borrower” or “Debtor”)

This Authorization is executed in connection with:

Master Commercial Revolving Credit and Accounts Receivable Security Agreement
Commercial Revolving Promissory Note
Security Agreement
Controlled Account Agreement
Other related Loan Documents

ARTICLE 1 — ACKNOWLEDGMENT OF SECURITY INTEREST

Borrower acknowledges that pursuant to the Security Agreement, Borrower has granted CCG a continuing security interest in certain collateral, including but not limited to:

Accounts Receivable;
Payment Intangibles;
Contract Rights;
Proceeds;
Collections;
Supporting Obligations;
Related Collateral.

Borrower further acknowledges that such collateral secures all Obligations owed to CCG.

ARTICLE 2 — AUTHORIZATION TO FILE

Borrower hereby authorizes CCG, without further notice or consent, to:

2.1 Initial Filings. Prepare and file one or more UCC-1 Financing Statements.

2.2 Amendments. Prepare and file amendments to previously filed UCC Financing Statements.

2.3 Continuations. Prepare and file continuation statements necessary to preserve the effectiveness of any financing statement.

2.4 Assignments. Prepare and file assignments relating to any financing statement or security interest.

2.5 Terminations. Prepare and file termination statements following satisfaction and release of Obligations.

ARTICLE 3 — COLLATERAL DESCRIPTION

Borrower authorizes CCG to utilize collateral descriptions reasonably consistent with the Security Agreement and Loan Documents. Such descriptions may include:

All present and future Accounts Receivable, payment intangibles, contract rights, proceeds, collections, supporting obligations, and related collateral, whether now owned or hereafter acquired.

ARTICLE 4 — PUBLIC RECORD ACKNOWLEDGMENT

Borrower acknowledges and agrees that:

4.1 Public Filing. UCC financing statements are public records.

4.2 Credit Reporting Impact. Potential lenders, creditors, investors, and other parties may discover such filings during public record searches.

4.3 No Objection. Borrower shall not object to any properly filed financing statement reflecting CCG’s security interest.

ARTICLE 5 — COOPERATION

Borrower shall execute and deliver any documents reasonably requested by CCG to:

Perfect security interests;
Maintain priority;
Correct filing errors;
Update organizational information;
Facilitate enforcement rights.

ARTICLE 6 — CHANGES TO BORROWER INFORMATION

Borrower shall provide written notice to CCG within ten (10) business days of:

6.1 Name Change. Any legal name change.

6.2 Entity Change. Any change in organizational structure or jurisdiction.

6.3 Address Change. Any principal place of business change.

6.4 Ownership Change. Any material ownership or control change.

Failure to provide notice may constitute an Event of Default.

ARTICLE 7 — NO WAIVER OF RIGHTS

Nothing contained herein shall:

Limit CCG’s rights under the Security Agreement;
Limit remedies under the Credit Agreement;
Affect any rights under applicable law.

This Authorization supplements all other Loan Documents.

ARTICLE 8 — TERMINATION OF AUTHORIZATION

This Authorization shall remain effective until:

(a) All Obligations have been paid in full;

(b) CCG has released its security interest in writing;

ARTICLE 9 — GOVERNING LAW

This Authorization shall be governed by California law. Venue shall be Los Angeles County, California.

ARTICLE 10 — ELECTRONIC SIGNATURES

Electronic signatures and electronic records shall be deemed originals and fully enforceable.