SECURED LINE OF CREDIT AGREEMENTSecured Line of Credit Agreement • February 7th, 2007 • Carsunlimited Com Inc • Services-business services, nec • New York
THIS SECURED LINE OF CREDIT AGREEMENT (this “Agreement”) dated as of the 1st day of February, 2007, between FURSA ALTERNATIVE STRATEGIES, LLC, a Delaware limited liability company, having an address at 200 Park Avenue, 54th floor, New York, New York 10166 (the “Lender”) and CARSUNLIMITED.COM, INC., a Nevada corporation, having an address at 305 Madison Avenue, Suite 4510, New York, New York, 10165 (the “Borrower”).
Exhibit A LINE OF CREDIT GRID NOTELine of Credit Agreement • February 7th, 2007 • Carsunlimited Com Inc • Services-business services, nec
FOR VALUE RECEIVED, the undersigned, Carsunlimited.com, Inc., a Nevada corporation (the “Borrower”), HEREBY PROMISES TO PAY to the order of Fursa Alternative Strategies, LLC, a Delaware limited liability company (the “Lender”), at its principal office located at 200 Park Avenue, 54th floor, New York, New York, 10166, or at such other address as it may direct, in lawful money of the United States and in immediately available funds the aggregate unpaid principal amount of all Advances made to the Borrower by the Lender, plus interest thereon from the date of each such Advance on the unpaid principal amount of such Advance, in like money, at said office, at a rate per annum equal to the Interest Rate defined in the Secured Line of Credit Agreement dated February __, 2007 between the Lender and the Borrower (in its original form and as it may be hereafter amended or otherwise modified, the “Agreement”). As provided in the Agreement, Interest Payments shall be due on the first day of each a
