Demand Promissory Note and Security Agreement Sample Contracts

FORM OF DEMAND PROMISSORY NOTE AND SECURITY AGREEMENT
Demand Promissory Note and Security Agreement • January 23rd, 2009 • Carbiz Inc • Retail-auto dealers & gasoline stations • Indiana

FOR VALUE RECEIVED, the undersigned dealer (“Dealer”) promises to pay to the order of Dealer Services Corporation, a Delaware corporation (“DSC”), with its principal office at 1320 City Center Drive, Suite 100, Carmel, Indiana 46032 or such other place as DSC may designate in writing, in lawful money of the United States of America, the principal sum of ___________________________ ($_______________) (the “Credit Limit”) or such greater or lesser sum which may be advanced from time to time, together with all costs, interest, fees, and expenses as provided for under this Note.

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Demand Promissory Note and Security Agreement • December 16th, 2020 • Acamar Partners Acquisition Corp. • Retail-auto dealers & gasoline stations • Indiana

[***] Certain information in this document has been excluded pursuant to Regulation S-K, Item (601)(b)(10). Such excluded information is not material and would likely cause competitive harm to the registrant if publicly disclosed.

TO DEMAND PROMISSORY NOTE AND SECURITY AGREEMENT
Demand Promissory Note and Security Agreement • December 16th, 2020 • Acamar Partners Acquisition Corp. • Retail-auto dealers & gasoline stations

IN ACCORDANCE with the Demand Promissory Note and Security Agreement ("Note") between Automotive Finance Corporation ("LENDER") and the undersigned Dealer, said Note incorporated herein by reference, and in consideration of credit and/or services given or to be given to the undersigned by LENDER under the Note, the undersigned and LENDER expressly agree as follows:

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