CREDIT AGREEMENT DATED EFFECTIVE AS OF JUNE 8, 2012 BY AND AMONG SPEEDEMISSIONS, INC. AND SPEEDY OPERATIONS, INC., COLLECTIVELY AS BORROWER, AND TCA GLOBAL CREDIT MASTER FUND, LP, AS LENDERCredit Agreement • June 14th, 2012 • Speedemissions Inc • Services-automotive repair, services & parking • Florida
This CREDIT AGREEMENT (this “Agreement”), dated as of June 8, 2012 (the “Effective Date”), is executed by and among SPEEDEMISSIONS, INC., a Florida corporation (sometimes hereinafter referred to as the “Issuing Borrower”) and SPEEDY OPERATIONS, INC., a Georgia corporation (each of the foregoing hereinafter sometimes individually referred to as a “Borrower” and all such entities sometimes hereinafter collectively referred to as “Borrowers” or the “Credit Parties”), and TCA GLOBAL CREDIT MASTER FUND, LP (“Lender”).
REVOLVING NOTESpeedemissions Inc • June 14th, 2012 • Services-automotive repair, services & parking
FOR VALUE RECEIVED, SPEEDEMISSIONS, INC., a Florida corporation, and SPEEDY OPERATIONS, INC., a Georgia corporation, whose address is 1015 Tyrone Road, Suite 220, Tyrone, GA 30290 (collectively, the “Borrowers”), jointly, severally and collectively promise to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, “Lender”), whose address is 1404 Rodman Street, Hollywood, Florida 33020, on or before December 8, 2012, or such sooner or later date in accordance with the Credit Agreement (the “Revolving Loan Maturity Date”), THREE HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($350,000.00), all to be repaid in accordance with, under and pursuant to that certain Credit Agreement dated as of June 8, 2012, executed by and among Borrowers and Lender, as amended from time to time (as amended, supplemented or modified from time to time, the “Credit Agreement”), together with interest thereon (computed on the actual number of days elapsed on the basis of
