BY AND BETWEEN UGLY DUCKLING CORPORATION, A DELAWARE CORPORATION ("LENDER") AND FIRST MERCHANTS ACCEPTANCE CORPORATION, A DELAWARE CORPORATION ("BORROWER")Credit and Security Agreement • May 15th, 1998 • Ugly Duckling Corp • Personal credit institutions
2 3 (c) Subject to adjustment in accordance with Section 9 hereof, the price per share of Common Stock at which each Warrant may be exercised (the "Warrant Price") shall be $12.50 for the first 150,000 Warrants issued and the greater of $12.50 or 120%...Warrant Agreement • May 15th, 1998 • Ugly Duckling Corp • Personal credit institutions • Arizona
VIA FACSIMILE (847-304-3338) & REGULAR MAIL Mr. Farhaan Hassan GE Capital Asset Based Financing 800 Hart Road, Suite 200 Barrington, Illinois 60010 Re: $100 million line of credit Dear Farhaan: As you know, Section 13.15 of the Amended and Restated...Ugly Duckling Corp • May 15th, 1998 • Personal credit institutions
