COVID-19 STIMULUS CUSTOMER AGREEMENT
Exhibit 10.1
COVID-19 STIMULUS
In
using the services of Wood & Xxxxxx Bank ("Bank"), to submit a
Small Business Interruption Loan Application to the Small Business
Administration ("SBA") under the Cares Act, RumbleOn Inc.
("CLIENT") understands and agrees:
1.
Client is responsible for instructing Bank regarding the amount of
the loan for which Client wishes to apply.
2.
Client is responsible for supporting the requested loan amount with
client's own documentation, information and the accuracy of which
is Client's sole responsibility.
3.
Client understands that submission of a loan application does not
guarantee that the SBA will approve or make the requested
loan.
4.
Client understands that the requested loan, if approved by the SBA,
may or may not qualify for forgiveness.
5.
Client understands that if the requested loan does not qualify for
forgiveness, Client must repay the loan, under the terms contained
in the loan documents.
6.
Client understands and agrees that Bank is not liable for delays in
transmission of the application or for any failure by the SBA to
receive the Application.
7.
Client understands and agrees that Bank is not responsible for
SBA's approval or disapproval of the Application.
8.
Client releases Bank from any claims arising out of Bank's
submission of Client's Application to the SBA.
9. If
Client is not an individual, signing agent for Client warrants and
represents that he/she is duly authorized and empowered to execute
this document, the related Loan Application and Promissory Note,
and any other documents in connection with the loan contemplated by
this Agreement.
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Xxxxxx |
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/s/ Xxxxxx
Xxxxxx
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Name
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Signature
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5/1/2020
Date
