Exhibit 10.29
 
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 Samson Partners l'h.(347) 442-7999 (718) 3114-1163 Cuntr11ct ID# 473162 Sales
l1artncr:Steve Markuwit:r.. Jr. Samson Partners REVENUE BASED FACTORING
(RBF/ACHl AGREEMENT Agreement dated Apl'ii.!Q 2015 between Samson l)art•ners
("FUNI>ER") and the merchant listed below ("ihe Me:rchanf'). (Month) (Day)
(Year) MEUCUANT lNl<'OitMA1'10N Merchan11 Legal Nmnc: SpeedEmissions lnc./
SreedEmissicms Car Carc.lJ.C I SoeedEmissions Acquisition Company LI..C
D/8/A:Speedemissions (ACH) n..Fl t/2 Stnte of Incorporation/ Organization: GA
Twc of ntity: ( ) Corporation ( ) t.imitcd Liability Company ( ) I.imitcd
Pm•tncrship ( ) Limited Liability Pat1nership ( ) Sole Proprietor Physical
Address: 1015 Tyrone Road Sllite 220 City:Tyrone Stale: GA Zip: 30290 Mailing
Address: Date business started tmm/yy): 01/0 I City: FederaliDff 33-0961488
1'11RCHASF. ANJ) SA I.E OFFI!TllRE RECElV-\ID.£8 Slate: Zip: Mer-chant hereby
sells, assigns and tmnsfcn to J<under, as lhc lead J>Urclmser for itself and cn
in\lcSlon;[making Fumier un bclmlf nf itserr and all co invcslors (collectively
thc Funtl!n), thc absolute mvncrl in consideration of th.:: fundprnvided
r•p,,rclmse Price") specified bcluw, all of Merchant'linure receipts, accounts.
cuntmct ritllllS and other obligations arising from or relating to the payment
of monies lfom MerulmnC:; customers' :md/or mhcr third ]lllrty
lltt}'or.(coltcc!iwly the "Hccei!Jts" dclincd n.nit payments mndc by
cash.chl'<lk. electronic mmsfcr or otlJCr tbrm of mom:tnry payment ln the
m'dinary course of thmerchant's lmsillcss). until SI!Ch time as the ''Rcq•jms
l'urclmscd Alnotml'' hns been delivered by McrclmnL to FUNDER, Thc ReccijltS
Purclli!SL'ti Arnnun\ simi! be paid to FUNI)ER b• the Merchant irrcvocnhly
mnlmrizing 9ll!x..mls dc[l{lsiting m:coum accep!Rblc to FUNDER (the "Account")
to mmit the perccnlugc specified below (the ''.Snecificd Percs:ohwc") oftltc
Mcrdumt':;l{cccipts. uniil such li1nc ns FUNDER n::cci\•cs payment in full ufthc
Receipts Purchased Amount. In consider.llinn oJ' servicing the accuunt, !he
Merchant hcn hy authorizes FUNDER to ACH DdJit the "Specilicd Daily Amount" fmm
the merchant':; bank account11S the bm;e pny1nent credited ag ins\ the Specified
Percentage due. It is tlu: Mcrclmnts responsibility w provide bank stalcmcnts
for nny nnd all bank w::counts held by the Mcrclmn! to Tl!concilc the daily
payments madaW!inst the SpeciJicd Percentage pe1miuinll FUNDEH lo debit or
credit !he dilferencc to the mercharn so thnt Jlll}'lliCnt equals th Spccflied
Percentage, Fnilure to provide .nil of their baok statements in n timl!ly
manncl' or missing 11 moll!it slutll forteit u.ll light5 to 1\nurc
recnncilii'ltiom. !'UNDER mny, upon lvlcrclmnt's request, adju. tthe amount of
any payment due under this Ag!'Cemenl ttl FUNDER's sole discretion 11nd as it
deems appropriate in servicing 1l1is Agreement. Merchant 1111de1 ands lhat il is
responsible for ensuring thnt limds adequ lc to cover mnoun1 to be debited hy
FUNDER remnins in !he ncc..•tmnt. Merchant will be held responsible for any ICes
incurred by FUNDER resulting from o r<:.lected ACH nttemrn or nn e''CII\ of
delimit. (See Appendix A) FlJNDER is nnt re l)(lnsible for any overdrafts or
rejected transucliom; in the Merchnntsnccount which moy result from FUNOER'
scheduled ACn debit under the terms ()ft'nisngrecrn nt. Nol\\
thslandins.anytlJing lo I he contrary in this Atl1"CCII1CIIt urany mh r
agreement between FUNDER and Merchant. 11pon lhe violation ofnny JlfO\'isiun
cnmainL:d in Section !.II nfthc MERCBANI" AGREEMENT TERMS AND CONDITIONS tlr lhe
occurrence uf nn E\'t!nt of Dell1ult untlcr ct:tion 3 of the MERCI I ANT
AGREEMENT n::RMS AND CONDITIONS, the Spccified Pe!'Celllllge shall equal 1110%.
A list (!!'nil ICes llJlplicnblc underlhis lll!1"Cement is containt<:l in
Appendix A. Purch11s!'rice:.$'75.000.{)0 Sptocified l'tm:entnge: .!!% SJiet iiie
l)aily Amuunt: ill1J!!!. Receipts l'nrchRsed Amount:S!04.J75.UO THE TERMS,
DEFlNITlONS, CONDITIONS AND INFORMATION SET FORTH ON PAGE 2,THE "MEUCIIANT
SlWliiUT\' AGRFJ MI::NT'' AND "ADI\fiNIS'fRATTVE l'ORM HEUEOF ARE HER :BY
1NCORJ>ORATF.D JN ANn M. E A l'ART OF THIS M'ERCHAET GREEMr:NT. FOB]"Hf:Ml
RCHANT!#Il • /} /7 . .. ""' /J f MJ5 (l'riniNnme;mdTitlc) >{lc;._frey (Si lLure)
/_ > BvRichanll'nrlontieri Sign Het•e • {l'rint Name and. Title) ===== FORTH!-'
MERCHANT (#2) r Yf'es.ffEo flWfiffift;/Gllo\RANTOI-t #I By Richard
l'Hrlontil;l'i {Print Ntlmc) OWNER/GtJARAN'I'OU #2 By (Signaiure) ignHcre
ignHere (l'rint Name) (Sigm lt!TC) By it'ump:my-Oflitl}r)•
Salc.sAs:mcinteN;\!llC:c::====::::;Siij[iiiDiffii;;"======== ------------- --
lgnmUrc) To the cx(enl set IOrth he ein, c;teh of the pmties iobligutcd llplm
his, her or its execution of the Agr L:m ntto nlltcmls of the AgrccmL:nt.
including the Additional Terms set forth below. r cb ornbnv sig1ted Merchanland
Owm!:r(.s) fl!llrcsents that he or sl1e i511lllhotizcd to sign this A.grecment
!Or Merchant. legally binding said Mcn.•hanlto repRy this obligation :md that
the informntion provided hc1dn und in all ofFUNDER documents, Corms and recorded
intcNiews is li"UC, uccuratc and cumpktc mall reS{JCCts. lft ny ueh mthrmminn
ifalse or miSellding,, Merdr.mt lihall be dcemOO in nmterilll breach of nil
agrcentcntr. between Mt'.rdmnt and 11 \JNf)ER tt.'f"!d 1:UNDP.R slm!l be
cntillcd to tt!l remcnic:w< .ilnblc under lnw. Mcrchnnlund eRch of tlu:
ubow-signetl Owners uuthurii',es FUNDER. it.ny nts and representativeand any
credit rupt)rling ngency cngngetl by FIJNDER. to li) Invcstit atc any references
given ornoy othcrsl!ucmcnts (l!'d:t\11 ub!aincd from or nham Mcrdmnt or any
ul"its Owncn; fur the purpose of this Agreement, and lii) llbluin ereditl"l'porl
nt uny time 110Wilf !Or so long aMere hunt andfor Own rs{s) continue \U lmvc.
any tlbligntion owed to Fl INDER, ANY !\1JSREI"RESENTA'110N MADE HY MlmCIIANTOn
OWNER IN CONNECTION WITH THIS AGREI•:I\-mN'I' MAY CONSTITUTE A SF.l'ARATE CAUSE
O:F ACTJ()N FOil. VRA\ID OR INTENTIONAL FRAllUlJI.ENT INJ)l.ICEI\1 ENT '1'0
OUTAlN FINANCING, 02•02•15 Colonial Funding Network as Servicing Agent I. T lt
ts 01' ENROLt..M NT IN I'R.O!lltA l MEitCI!ANT AGREI-:MEN1'TERMS AND CONDITIONS
AniclullliK:t'OOf. ruololiol rcspp;:l whco Olodc: (c) Ml»thont illo!l Allinll
i11 wri1ing i!5 i1111bilil)' to 1.1 Mrrrh•qt Dcnn>'i1 A1.rrtr!l!'Q1 Mc..,loonL
•holl I'I:UL 11 IIJITCC\ oi\t­ l'mtoc:\ion. nc C!lli"' Puttl•"'• AII1CI!onl
hpilnl)!' bll$ dlmclmino,morlllilolrlt<ll>mly nrok;;cfunAdnJbitlnc onl 01;1igR1
CJ\\ ior the bc11t:li1 of crcdi\ot$; or-­ (thc"Mcroh nl D poo;il AI!I'UI.Uont")
ocoop1u1Jl10 JlDF, w!ih o Ban occcploblc1o FBF, to llbtoio1 cloelronic f110d
tranlfer tm1cos. Morchonl tlloll pmyjdo fBI' ••dinr ili..4uilinrir.od oacnl
11ith oil of tho illflll"'nlllicn, oulhori>.oliono ond PIIIWDI"III """ nwy for
'"ri •ina Moro;;hnnl' i••obl .., receipts ond d'!'I>Oit; into lho
A=nn].Moro;;l•utl holloulllorlr.c l'DI' OJidl(or it's lll:l<lnliO doduct
11101111\0Unll 011'l!<l lo BF for the ll ocipts Df pcc:ificd locn:in from
••lllcmonton onnl$ 1\'hidi would othon111c do to Mcrd1m1 from ciC :I•ohic
checltllnncliolll 1111d to po)' ucllallluunu Ia l1BF by 11crmi11ing
f'nl."1wii11drnw l11o 1pociliild porcclllJ S.•s b• ACH dobilinu or the oocoont,
Tioo nuthari1.nllon$lillll \loirr roc•bloui routlloD Wril!OOCOIIICIIIOf]:l\1',
1,2 Term qf Mrrrmrnr ThU, A ll:CJ\1 111 slonlllo \'<1 Q 1 1111 of ono )"CIT, U
OII Hl UJ!irllliC>ll Of lite ietlll, this II£T""RIDI\I 1\onll DUIO!IIDiicn\l\'
forme«:llh"C OIIC•)'eRf IDJI\11, IOI'ido.d, how •or. lhol durin£ •= rcncw•o\
tcnn(l) Mcrdlflltltllay 1 1minuto !\lis AI)T :CIMI\1 upo11 nine\)' d•••s' prior
wril!tti noti«>(cll'ccti\<: UJ>DII rcceipl) to FEIF, The ltl11Uinltion a{ll1ii
ll&rocnuml 1h1ll :nol Affe<:l Mwci•Dnl'1 11•011.Cibili1y 10 rntis(•• nll
oolllMdin& obliullliolli \o fBF at tho tlmo or lenninftlion, 1.3 Fytycr pur<•
mr< FJ3Fro;on-o; tl• risllt to ""'ciml ll1o olTctH> Ina Qll}'
pllll'b!ISOFII}'mcnts creundct, iu ils lolcdil:c:!lllion, 1.4 Flilundnl
O!•<JI!Inn M rtlaul and Guarlnlolis) 11Ulburl7.c FDF aod ill 1ge.anto la!'eJ;Ii
tc lb.clrliniUid llll&IIDoriblll!)' ud hlllury, Kod will IITOiidc tuFliJl.no)'
hokur lioaofiKISlll ln n ;,II'CI I'II$, \t,1 81 FlU' d.c1ns nt«'Blll')' Jllinr
ln nrHny time fiflucntlno of tbls Allrt'!Cll!nl. A phii!OtPJU'IIf !loll
MUlburiuu!un \\illl!c deemed a• JIHI!IItublc for rdllll.llc (>ffin nctal
infttrmntln. FliJII,IIulhorllOO 1u UJiiiHtuuob lnfurtnn11u" H1!d lln nti
IJirUfilfrom time tc l)m "l !t dl!ell!lll]lilfUIIrlnt . 1,5 'D'I'DMtliunn!
H!<lt"3' Mcrchonl nu\hlll'i1.CI !b ir l111nk lo pro1•ldFll'f with Mcall!llll'<
bnnl:i•IJ: or proee11hq: llilllll)' to dt! nuin• qu.olifil:31icn or
ocntinuoti011 in ll1iprogr4m. l,fo lndo•mnjfirnli!!n, MC!clla\11 and 0L1
1110ior{l) jllil\11)' 011d E"'-'Crllll)' !domoif}' ond hold !Jarlnh:u Pr uor,
il• offit:Oro, dirodonr 111111 sllnl1lhnldn n ninsl nll lona., dnn!PJlO$,
c11in11, linbilltitl and e>,pcm{imludint: •=onublc n!!omc;•'• f=) inoun"'l b)'
Procom.1 • •ulti q; from (a) clnimh1l' nI'sB:Ic'rftcodr !!Wniol owl'llto FBF
from Mcrchlllll and (b) tnl»n by Procenarln n:lillllt ;Upou bUO!lllllioJ\01' i
clnoetiOIIi J>tlll'idcd by Fa F. 1.7 In Ill> e\'CIIl \\'ill FBI' bllliablc for
In)' dlliUI$ 11$mtcd b)' Mcn:hlllll Ul!do:r any lC):al rlocot')' for loll
prof>lo, losl ro••cii!ICI, loll businers opportunilio., cxomp1at')•, pu ilit•o,
ipocitl, incidonlol, indirect or onscquollllnlcll:unas!)l, coo], of wliid1 i1
woilby Mcwhant anGU1l1111\\oi(J). 1.8 Rrli•nrc nn Trrm• Soi::lion 1.1, 1.7, I.S
Ciid2.ofthb Ai lnU D n:cd 10 for Ibonclit or Me:rchOJ!I, fBF mod froooroor, ond
1\lll"'ilhJI!Uidin!l the f1101 thot Pnweosoris 11M o plll1)' oft)lis A<;n m onl,
Proct 50!ma)"rob' 11pon their lol1115 ond 11Im lloCII\11!a defense iol oily
action. 1.!1 S••r nf Bf£1'1"1! Mw::hnn1 ud FBf agr<:t lluttiho Pn!d.l!lc !'rice
un cr doi• AftroeruCIII is iu c..::lo""l!c for Lhc Pun:l!nood AlriDI!III Md
lila!su l! Pun:llliiO l'ril!l: is !11>1 ii\\Cndcd to bo, 1101 ollllll it l>c
CCJIIiln100 u 1 loan fm1n FBlo Mcn:ltru\1. MC!'clrlllll llgrtc.lhol !110
Pun:IIIIU l'ric-c is j c•cloongc f...- LlocRccoip1S punuan11o rhlo Ag I"DIIl
cqu.lo dfoir 1norl.t:t ••oluor •uch Jlee<>iJ I. FaF loa• pmch..od Md sboll own
al( lho !Wc i IJ dcocn'hal in lhi, A ,:ro :manl up lo 111full l'11rchn1od
A1uounl II$ IIW RO«:itHl llnl C! Mud, h)•mo. !lo 1110dc to FBF impcCI IP tho
ru!l om DUll\ o(\111' Jlcc:<:j ts thllll bo conditioned P!WI M"''clianl'l &nlof
pmdo l!; nd iCf'l'ic& Wld lhn p!I)TIL flllhmforc b)• Mmllnnt's CU"Dmtl'liin !he
nl I\C!'I'fO\ dal in Scclinn 1,1, In no C\'tnl •h.oll1hu II&BI IIle ofnll
nmounlo bdoel1lcd Ill" imCfOI\ hnraon.dcr Wld d111Tgodor oollcctild
1Joreu<Hio..­ c•d ll<ohi!lbesl nl p :null;dbl111nw. ln111o l'<nl thnt n colllt
dclomoinll.l tl1ol l-'111' hu hllfl!ed or rcc:oh•cd interc•Llocrcon!lorilt
CII:CC$1' or 1l1c 11i lli':fil op lic•Dl• n\1:, lc ntc in clfeet
11ol'ul\d!ll'"il•nllllii10madcnll)' be rcduto the mllliimllm rnlc pCflllillod by
opplicoblc Ill1111d FBF ,.J,all prom tlr fund \o Mcrcholl\ ""Y intcrcll '=i•'Cd
by FIH inc ccn ofl11<: 1U »imun1 lc,\\'(Jll role, it boill!l inl1111rk:d ll101
Mm:h0111 not p )' or conllllcl lo pn)', Ill!<! thnl FBF 1101 r=h"' or ontroct to
rcccil•c, dit"C"'l)' ur indii))Cii)' in Dl\}' miiiUICI "'11l11$(1t:t'cr,
int•rc•t in :).'CJl.ES or thai wl1icb mn)' bopoid br M l1lhnnt undr llJ!pli
obllow. to PBF from M111 hnl l'roloctirm6. II.DF•1••l•lnueced 1n rotee1
nncnfon:lliU ri l• !llld !Mtlllllcl by lawl il. In an)• J11d1 ln"111i1, In
\\'hklo ?ElF sh tl ft<O\'ar judsmout n,aiRII Mctei!O!tl, Mmlilllll shell be
!iQblfor !Ill cf FBF'S COlli of IPII'IIUil, incluclill bntiiOlli•uiiCII \G
nllt"Cnlo•ublc lllJomll')' 'fecJ 1111d cou!l o1l1. l'ml lion 1, Mcrcltnnl
donll,pon nKeeulion cfthlAa mcnl, dnlh•er 10 FIW OJ! cr ...:uted r len•or M
rrlount'• in fn1•or cf Fl\f, Up011 bronct. or AI"' prml ion In t11ii ]llrl!lr ph
1.12, FBF 1\IPY o crcioo il1 riBhls u1\di:r suel• n••is•un11111 ofl 111:n
l'roJc.:Jinn t, FBF UIWdcbi• MQr,lnun•• d pusi\Ol)' allCOUIIIi \\'
I"C',•crsituQicd by mcn111 of ACil dcbi1 or focllmilotisool&orc on n
t:Oinpulcr•llfiiCT41od cl•ock drAI\'11 oMel'hftn!'ibllllk•!IC!>Illl!or
othcrwi•:. 1.11 I'J:tll£flin• nf lnfurJDaiiPn Mcll)hmn( and c eh ]lfflllll
SiJnill!l this Al!rccm nl on bciJOif or M tcl11n1 tllot nr 01\'acr, ill t pcc!
of hin Jr or b('ls lf pon011a\ly, u1horl1.cs FBF to dl<elo1o infonu don c
neGnlins M n:hlllll'l und cuch Owner'• credit m.ndimu Cinullldint lll'l:llil
hiiiCA\1 r :p tli1hnl FBf lll olru) nnd hu1inv11 -condncl 0111}' 11> QBCIII!,
nfii!i toc, nbll ion!>i, and cr<Kiil repo!lin& bl!!enut, Mcrclonnl nnd coch
01111or hon'b1• ll'lll't:l 1th ma1,1'mun1 CX!CI\1 potnl!)ld b)• lrl\\'111)'
ellotm lbr du10g01 nsninl FBF PI on)' of ils nffilinw' ..,; 1illlltD PI!)' (i)
iiii'CitiA lion undomkou by or <111 bohnlf ofFBf 11 JICnnitt:d bJ•tllis
Asrocmetn or (li) dileloiUI'll o(;n(ormoliOO PI ponni\lll'f b)•!bii A!ltocii!Pnl
UJ Cnn!itlr•JI•!H)'. Mm:b0111 under•tnpdr and •SIIII!I \bnl till' 1011111 and:
ndilion• of rl1C prodncu attd swl'icn oiTCfOd by fBI', in ludins 1111• Asown1
nPl!d PI\Y o1l1r FRF dceumoniJiionr (colltcLil'l:ly, ""Conf\dontlnl
bJ[olliiPlion") Ale propril:larr IUI i'nnfidenlilll info1111111ionof FBI'.
Accordin&b'un1oll di1clo1uro i1 roqoltef! b)' law or court order, :Morc nn1
shnllt10L d!sclorcConlidcnlinl lnfonliDI!OII of 1'Bf 10 nnr p"ffon oll1cr '""
011 ollomor, nccoulllnnl, flnnncinl nchi,or or cmplo 'C!! or Mercl111l1l who
11ood• to know IUiih illfPmiQiiPn for lho pUmMu e>f 111h•i1i11S Merd!onl l
Adlim"J, J!lOYitlod tlltll "'dvitor um tuh ill(onnnlioo 111l ly rot t!oo
PII!J!OIor dl•isiuy Morclotul a!)dfml JSIO:S iWrllil\lliO ...bOUIId b • th torm1
o(thil Soction 1.!). 1.14 l!tl!IWn:. Mcrclonnl Alldo eb 01111eT onl•aulkori1:111
FBF lo U.IC ill, l1i1 o.r her 1\Dil\in a lillii!Jl ofelk:111111nd i"
•d•11t1iti11J1 n11d IIIW 1:!1'11g mo\criolt wllb lhoir I;Jlttit \\Tilton
COlli'OI\1, l.U llSing doinlr\u:illc» 01" Or ''dlbfa'' ILI!I:iiS iCOIUICC!ion
11i1h I'AI'iOU> :ll!oUCro rclotiolo llw \f411•Dclion 'nolll'CCll FBF 011d
Mcn:hnnl, iltcludinH ll1o lilinJl cfUCC•lfinMcin& •l•lomonlt and othor nolit:er
or lll!I!Jll. II, REPR ;SENTA'fiONS, WARRAN1'1ES ANI> COVI::NAI'ITS Mcrcluml cny
p!OI:ccdillJ!llonll bi1111IMC'd by or ogninll Mcrcho"l 1eoking 10 ndjudioololi o
billllinopt or lhloh•oul, OliCo\ailjlrco!JIAIIil.olic:lll, .nmugcn1cn1,
mljnsuoonl, or eomposilion of il or ill d.:blo; {d)<DIKiin& cr noliee or
tcrminalioll by OtllflU\lor; (o) Mcrchnnl 1hnt! \TIIlllpCI\, n1o o.
illleTl\1)11, IIISjl<;ld. diiSOI1•e cr ll!lminll1o it• bu•ln=: {I) Mm:holll
sloau \ranlflll !lT ••II•U orsubll&lttin11)'4ll.of itt Ji$$DJI: (h) Mm:h nt sh
lln1or sencl no1lce or 1111)' i1Ucmled ulahlor lran$1'1 b)' Moro;;hanl; (i) Mo
thWll slou uoc nmlllpl" d p itorr PCCOIIIII$ willio•l th)lriror 11Tillon ecnsco\
cf fBI'; (j) M ll'lumt shall Cllllll'Q ilt dep ihllg ccounl ll'llhout d1e
priorwrillt consent ofFBF; (1:) Mer ltUI\1 ol1 ll pcri'OTlll Oil)' oct tl1nl
n:dmo• tho 1•aluo of an)• C:oliD\uro! nmlod undor 1i1 Asreclllllllt; or (1)
Mcn:honl shnll defouh under ny or the lenus.co cn..L• lllldc:ondiliotll of
M}'Olhor Jn:.emClll \\i\h fBII. l.:l 1kDwlll:io In cuc on)• 'EI'IInl of D1fnult
OCCUtG !llld illiDI woi1'C!d JIU!'IWII\llo S('Clicn 4.4.1 bc!1lof, Fll'F 1110)'
pro ccd to pro!COl ud onfon:o its rislll• or rcnoalics b,•Sllllln O Uit)'OI b•
t.:tioOl low, or bo o, whether for 1110 ipod!ic pcri'omJanco of 4n)'Cm'1lnom,
A£:R:Cn1Ml or oilier prul'irion tontoillod herein,cr lo Cflforce the dischnr&C
of Mclclo!llll'l obli8niic11s crcund1 (rnchodillll rhe.l'ctwno!C'.U!IBlltooJ nr
1111)' a111J:r legol 01 cq itcblo fiG Ill or romPfl>', All ritlhls, pG\\1:" Md
rcmcdil>l of FBF 111 c!>nno•• on witlo tl1i• Ag""'mont m•• be u;;crci•oolI lin)'
tiiiiC b)' PRF ofLer the oecurtcnca or 011 li\'0!11 or Dofuul\, ar uloli\'OIInd
not u;;ch!Si\•c, ond l'111ll be in,dditinnlomoyolhor rigid, powcn: orrenoodiepm1
ded by low or cq1111 •. 3,3 .{;Qw, Mcrchn111 $liP II 1111)'10 I'DI' 111
fi!OIIIIIOblc eom 115SOCiatllil willl {o) o brc cll b)' Mtrohrull of lloc
COI'Cnmtr in tlsir A CIUDI\1 and the cn(o1ocmonttl•ctcof, OJ!d (b) lloe
cnfon:cmcnt or FBF'S =roadiesci rortb in Soclillll 4.2.\>01't, illclud)ng bul
OOIIintild !o COUll Oilf and PIIC!IIICr&' 'H'"l!J•m!lo;d N'lJ!Orulhl"l Mercbun!
l' tclluin:d 1u th'l: Jllll' wrlmm nnti<l' 11ithln 24 uuro11f•ny Iiileu
UndUT!!le 11 Mille Uohed Sl let Cudc. Mc h nl ls rcquird \u j!li'C FllF '""'n
dl)'t' ll'rilltn IIIIL1ce 11ri11r II> Illclu•lng of M11)' nlc of u\1 ur
tlltlln.,llullr llll or !he Murcbum'; lUllI or 5lO fL 1\', MISCEI,t..ANF.01JS
4,1 MujiiO>utllln!' tlrtl\ntwnh No o ndili :lllio11\IUC!Irllllcnt, \1'1\i\'1.'1
or conoont of ll}' piorioion of lhio A&!QC!lltlll m u be ffoc1h., unlcu ll1c
""'"shall bo in wrilln011d £ig11od b)•llDf. .2 FBI' ma)' n.siw1, ttllntfcr or
1ell it>: ri hl• to rceeii'C 1!oe utchll.ocd Am11<1m Of dolORBlo it1 du1ic1
ha'cundc:r, citha in wltolo or in ji:IT 4,3 l':!.ullul. All noli.:<::r,
roquCIIs, CDJ\scol, dcn1011!1< and other cornmunicntioos hC!'wn cr sl\1111 be
dcli1• r<>d bccrlirJOO n1oil, rCIIIRl reccipl Wl)!!losl d, 10 1\oo n:op,..!i\'C
pnniCf to tlli1 A&rcctnc:lll" \hoaddrc;•CF ICI forth in thi1 AgrccJllol\1 111od
4hol1 bccon1cffocd•-o onlr11pcn rceoipt. 4.4 WHjyrr Rrnmllr:;. No r llun:Qn
d10pnrt offl>F 10 r.>:trcise, 1111d no dclD}•in co;crciring. wrigl11 under lhi<
AJ:,rWntOJI\ •hollopcrolc 111 o wni\'et tbcreof, nor shall #n •linglo or poriinl
""""'ilc of All)' righ\ rmdor thir AtrCC'0\ 11 vrocludc Ill!)' Olher or
fllflliOI' c crcioo tbcn:W orc c.>:Cfciso of Pill' otl!w rijlht. Tl)c
remcdipro,•idlo!llcundcr ore cumulnlil'r;> 1111cl not clush•c of any rtmc<lles
pro1•idtd b)•lc.wor CQUII)'• .$Pjndi•l' Effrr]•-Gn}'rtnlnp l ""' ''c•utllnd
luri•d]r!illl This A rocru n!Unll be b1'nding upQl\ and inu!TI to dlc bel)cfit
of Molclllll\1, FBF QId lltoirt!:li'I'Cih'C s =non a11d nni£11r, oKc pl tllll\
Mercloont shall no\ b&\'C lkrighlto usign ill ri hl• hcro.mdor or any
iMcn:.Jllcroih witholll tb prior ll'tiltoneomlcnl of F.BF whiclt caniCDI mar bo
wirbhcld ;,, FBF'S lilllo di..,rcti<>n. BF fCSC/\'1)1 ihc riJlllli tc 115Siga
Ibis Agrecm lll 11it!1 or 11i1l1o1 p.rior wrilln nolicc 10 Mcrel1 m. This
As=mcnl •hall be ;.•<wcmod b)• •nd constTui:d in n=rdltotwido 1loc In"' or rbc
Sl!>lo of Nco.•• \'o!k, willouul Jq;JU'd!. to nnr llJ!plicoblo prinoipalo
ofo0110ict. or low. All)'>Qil, ctiou or IIIhOeDrccul1ld1idnc:ro, omrinIllile
mrcrpr...lotion, plllfonuootoo or b!ch lrorcof, n. if 1'6F •o o. be itllliLu!C<!
in on)' IIDUII $illii\JI in 'N"'-" 'lur, (the "Acc plololc Fo/UIIII''). Mm:bont
11gro01 thnt tl•o A«q lo lc Fo01m1!ll'O onvooiDI\IIo i1, nd sub[!!jl!; 10 I he
jurillilclion ofrbc Ae<:cpl blc Fontn\1 mod \\'lin• Oil)' nnd nil objcc:lions
tojuriodiction or \'Cf\UC. Sloould IUOII procce<liull be inili tcd ill U)'
od1fomnt, Mcrchonl \\'llii'CSM\' rigl\110 OfiJIOSo ony 111o1ion or applieation
modt bl' l'BF lo ll'nnsrcrsuQII ' proceeding ro "'' Acc.:1nnblc Famm, 1 l.\Cl
pnurr nf t.uqrncy Mf:l'tllau\ ln n•o 1bly Jlpoinl• 'OF ns in AQCI1\ nnd 1;'•:
:.c":•:c;::_;•:•:c.:.:"..::: :;::"":""'"'C' "'•:;;••;••'"' _•::•••-.:•:"•
nl!Orncr•io•facl ll'ltk fnll n tl!orit)' tcc rul}' Ottion or -ulo !Ill}' in
\rllmonL or documcut to ICI11t oll obligoliont<luo 10 FBF f1on1 P•o=nor, or in
tlUl I:IIIC of n l'ialltion b)' Mm:h!lllt of Se<:lion 1.12 or tilt oe.:umnof nn
Et..,nt c?uc \ : ,11.:\ !:(i !•: i ,:c!; t'i: :; ri)t :cct moni<:o duo orlo
btoomo due uJidcr or !11 mpl of •nl' of !he Collol ol; (iii) 10 ..,..;,..,,
c1ulonc ond call eel on •chcch, liD!, drafil, instrumoo1•, du un•cnls or c11nll
O)Icr in Clllll\Otlion \lith dou•c (i) or clll!llc (ii) nho1•c; (il•) \0 in
1\lorc]WIIL'l llWI\c !Ill Ill' iiii'OicD, bill <:lf Joding, Of PSiiJ:IIDICIII
dir linn cu"aJ!Ic'fl or Account dcblon ID nmko p 1 cnt dirocll,\'10 I'J>F: o11d
(1')\0 mo lii)'Cloillll ortW:con)'IK:lirnl or imd\UIC TIY •occo.dln& ldliQh FBF
"'"Y d :em n l'lllW)' for lho collection of ony of tho uupoid Puro!oOJca An1oun1
froo• 1l1o Coli \Cflll, .or ollnl!Wioc lo cnf<>lllc ]li riHhl• wilh "'I poe!to
poyrncnl otllocPull;hnrcd Anlo:ml, l,ll fmJrrllpny AMinE! Dtfllu!t •noe
followill£ rro\CC!ionl 111!rougb 7 l!IO)'bO h!\'Okod b)' l'llf, immorliolojy nd
with011l notie to Merchont iu rile C\'Cfll: (nl Mcrchonl t k' nn}' oclfon to
llt,o:ouragc tho me of elc;lf"''le eheckprQ cuing tho!arcocltlrd lhrnllglo
i'roc!)llor, or j'll!moil• nny e<'Cnllo oc ur lh1!1 cc old liD\'0 nn odi'CIU
offoo\ on !he usc, liCCCJII!IllCC, or Qul],ori7.olion of chocl:l; for
tlocpurch..• nrMctc!olllll'& m,•i l' Mtltno u l• l1tcluding bu\ mn1imilc10
<lirecl d•Fosll nf JUW chl'C'I;I imo o JU\n=u111 wl!IIOI\1 iCRnllill& inloiho
J'Bf electronic cloook procmnr, (b) M=h•nt hPRJlCS itl!lTIIngemontr wilh
p,OC!)ISCr in 11111' 11'0)' !hal is nd1-mo lo FBI'; (c) Mcteluml chn!lllOf
lllllclottrollic c11e<:• ---- j!JD •or_lh!!lnt:!t_ 1\' '0h _!!!!: J p!! IT! i
.!L_ ft£1!\_ IICCUOt 10 ono 1or dec Ironic {lu>cllroc nor, or J••ililli1 OJI)'
crcnllo o ur Utot wul tOllS il'cn:hln 11f nn)' l'f Mc!Chllllt'l eh\!OIIS ctlon>
to 11101hcr proecr.; r; (d) Mlllchnnl inlcf111pts 1hc op rntlon of l11is bu•i•
eu (oilier Ulllll odt•crlc 1\'Clllhor, no1u111 diroslC!'s or IK:\l of Gc)
lranlfCil, li!Dt'CI, •clio, dilj\ll$CI, \lillllfcn or clllom•ilo COIII'CY£ !IS
buoln<Js or SI<:\1 1\ilhont UJ tho Or;pfCII pliO I 1\'ril!cn COI\&0!11 of fllf.
Md (1i) the writlcn IIJlfCCII\1:<11 o( an)']IUtdiftiCr or UDil5f rcc to lloc
.usrumplion of .nll of Merchant'• o\1lit:11lio undorlhi• AJI!ti:IIIC!" UmoMIIO
dul:l!IUCIIIDliDnJAiilfnelo'i' to f6F; or [0) Merelio:rol1okc<ony tliolo, fDil1
to tol:c MY n<:lioa, or oiTcrs m•yitocendi"O­ 4,sum)•ol nf Rrnre•r•IBJinn rl<
All rcprcswuntious, wnrrontl:r nd OI'Cnllllls hemin sholl $UJ'\'ii'C \he
execution and dclii'CI)' ofrhii A&n:Ciu:nl and shall coalinuin filii fo1CO nlil
oll ohlittliOI\1 under this Agn:cn!OIII sl\1!11 \'P b te!I Mis cd in rull1111d
lloll Agrccmlll\1111111 hi'OIQII!Iinllled. o::osoJ111•of lho]lroliliallrln dli1
Ayrcernont ifound to , i I or uncnforccoblc in 11ny "''P""I, the l1!1idit.-,
leglllih• il . oUter JITD''ioion :ontoinod hon:fu •l1ol1 nOt in My ' coononlio
or o\liCIWill>-lhc I'CO'UII Ofllioiel!!!'lll be ln iud1100 1!11)' CHiiOQICr or
CU$1Dntl'IS 10 poy for Mc!cllllllt'l en•io\\i• on}' 1ncan' oLher lh011 h<>=ks
thot m IC!dc<llhnwslo l'rnt:<l•scr. 11\l'JC pmtectiom me in Adriilion to "!"'
mhor rcmo.dlcso\' loblcto FBF nliA\1'1 illc<jllii)'OI otllcrwi•c pu nnnllo lhi1.
A&rcct lDIII. Prc! l!lll! I. noo filii UllOOIIcolllll Puo bosc lullOnll\ ph••
Dll fo:cs dc under lis Asowmonl and 10 woebcd Securil)' A IVomenl be.;oiUC doc
lllld )'1\blc in ( Jilmnl dii!Cl • i'rot >Ction 2, FBF mor unfon:c the
ro1•ision• or II"' Per\Mol Ounronrc or l'crronu ono;c tOii\U the Guorontor.
l'rotoolionl. Merclnlnllooll, UJTOn oxccllllcq oft1oil Aycemeul.doli1•crlo
l'!LF" c ocutal con feu/on of jo,dgmt\11foi'Cr nf I'BF in rl,om unl of lho
l'mdnuo Aouounllloled in lheAgrccmcul. UFOII bruolt c(nny l''? isiPn in Jl;i•
Pllf"llTIIJ>lt 1.11, FDF mn)'CJUor (hoi cunfunion f Jud!;on nl AI CJII £RICI\I
\1'111! lheC!erk ofl!oCoUIIll!ld Q;O<:lllotbercoll. l'roiCCiiun(.
I'!>Fmoyenforc:c i! C !IIil)' ilil rc:•t illllocCcll•itrnl ld n1ilicd in m
onri$1'oul 'will• tlto inlcro,ls of F£1F. 2.12 »ui•f!! Ptrm•w£ Morcbotu ir o
\'Dlid bu,inm in good 11011din£ undor the loll'S oflhc julialitli<'111' i11
wloiclo it i1 or& ni7cd 011dlor opwu1 1, nd Momhont h ntcrins into lhi1
Aeroomonl for Luoin!)ls puf]>D.f!)l ond 11111n1 COI\IIlmr [OI i'I'/SIIItO],
fDI"ii)'Of loa loo]d pUJl!OIOI. 2.13 llrftmH lhu(rr Qthrr Cunll"'£1'. Mcrch
ll\'5 Q 1'eU!iPll of 1111d/ or pcrfonmanoonnclcrrltir Asrccnocm 11i!l no I
eMJocoro enle nnc1•cn!or clofaull b)• Mero:l1on\ under ony ct lllrod wi1l1
nnolbr JW!iOII or Clllit •. II f. EVENTS OP l>EfAIJI.T AND UF.M£.\Hllii ),]
Fnp!< nf Qcfyn]J. Tho OCtntTOOCC of 1111)' of !he followi11g OI'Onlsbo\l
cc•nslihJio •• "10..-ont of Detoult" l'"'""udC!': (•) Moro:hon!shun \•ioloto nny
IC!'I11 or DI'Illlftlll inlli; At;re nt nl; (lo) 1\npcprCicniOiioo or "orrnnl)'
h)• M,.,'boq] ill lhir Agrocnoonllhn!l f>l \'e \h4\'C b ¢11 in:of!c=l, (Aloe nr
Ulitl io£ in uny SECUlU'f\' AGREEMENT AND GUAUANT\', SHALL IJAVETHEMEANING SET
FORTH IN 1'JIEMERCHANT AGREEMENT, INCLUDING TilE TERMS AND CONDITIONS.
MERCHAN'I'#I By Rich Pnrlon\ierl ---, <Sign Here ss# (Print N11me and Title) _
I>rh•crs License Number; U.if 46ft 9f.3 MERCHAN'I'#2 (Print Natne and Title) SS#
--------- OWNER/GUARANTOR #2 By (Print Name) SS# Dri?;'•:(SiVgnature}uA
{Sigmuure) Drjvers License Number:--------- (Signature) Drivers License Number;
<Sign Here <Sign Here <Sign Here APPENDIX A: THE FEE STRUCTURE: a. ACH Program
Fee Origination Fee b. NSF Fee (Standard)- $ 799 $5% $ 50.00ea ACH's are labor
intensive and are not an automated process Up to FOUR TIMES ONLY before a
default is declared c. Rejected ACH - Daily ACH Program Weekly ACH Program When
the merchant directs the bank to Reject our Debit ACH Amount Funded Reiect Fee
Up to $7,500.00 $ 25,00 $7,501.00-$50,000.00 $ 35.00 $50,001.00-$100,000.00 $
50.00 $100,001.00-$250,000.00 $ 75.00 Over $250,000.00 $100.00 Amount Funded
Reject Fee Up to $7,500.00 $ 75.00 $7,501.00-$50,000.00 $ 99.00
$50,001.00-$100,000.00 $175,00 $100,001.00-$250,000.00 $275.00 Over $250,000.00
$395.00 d. Bank Change Fee- $75.00 requiring us to adjust our system When
Merchant requires a change of account to be Debited D e. Blocked Account-
$2,500.00 places them in default (per contract) When Merchant BLOCKS account
from our Debit ACH which f. Default Fee- $5,000.00 When Merchant changes bank
account cutting us off from our collections Miscellaneous Service Fees. Merchant
shall pay certain fees for services related to the origination and maintenance
of accounts which may include but •not be limited to: Merchants funding is done
electronically to their designated bank account and charged a fee of $35.00 for
a Fed Wire or $15.00 for an ACH. TI1.e fee for underwriting and origination is
paid from the funded amount in accordance with the schedule on this page.
lfMercl1ant is utilizing a Bridge I Control Account, there is an upfi•o11t fee
of$395.00 for the bank fees and administrative costs of maintaining such account
for each cash advance agreemet)t with Merchant. Fund transfers from Bridge I
Control Accounts to Merchant's operating bank account wi!J be charged $10.95 per
month via ACH, This fee will continue if the bridge account remains open after
the RTR is paid. Merchant will be charged $50.00 for each change of its
operating bank account once active with FBF. Any administrative adjustments
associated with changes to the Specified Percentage will incur a fee of $75.00
per occun-ence. (All fees are subject to change) Merchant Initials:
--1,/;"'--'-;J - ACH Authorization Form Business Authorized to Debit/Credit
Amount: Merchant Cash Advance One 347-442-7999 4459 Amboy Road Suite 3 Staten
Island NY 10312- Account Holder Information: Rich Parlontieri Speedemlssion INC
?'?o-3tJ6 •">t6 7 A-ccount Holder Name Account Holder D.B.A. Name Account Holder
Phone 1015 Tyrone Rd Bldg/I o Account Holder Address Tyrone GA 30290 City State
Zip Account Holders' Bank Information: e!lase dftwtl? tl4= Account Holder's Bank
Name Branch City State Q(p(OqJ..3R'7 - IS5tJ3:30!3cJ Bank Routing Numbers Bank
Account Number Zip Transaction Information: UNDERWRITER FEE Goods
Purchases/Services Rendered $999.00 April 1, 2015 Amount of Transaction
offectlve Date Authorization: In exchange for products and/or services listed
above the undersigned hereby authorizes Merchant Cash Advance One To
electronically draft via the automated clearing house system the amounts
indicated above from the account identified above. This authority will continue
until withdrawn in writing by the -----.-u=ndersigned account1icllcler.lne
unclersrgne-ai1ereb)7TeTtifi-e>--thanhey--a-re--duly--auth-oTire-d1:rr----­
executethis form on behalf of the above listed account holder. I acknowledge
that I am subject to a . .0r ee ..if iteireturned for insufficient funds. ;{us
Fortress Merchant Solutions LLC 50 Jackson Ave, Suite 301 Syosset NY, 11791
Fortress Merchant Solutions INC Funding Agreement Speedem!ssions hereby a2rees
to pay Fm'tress Merchant Solutions INC the service fee amount, listed below,
upon funding ofthe'cash Advance/Loan Program, The service fee will be paid in
the following form only: ACH to: Fmtress Me1•chant Solutions INC. Total
Debited:$2,699.00 Print Name: Richard Parlontieri ACH Autho1ization .(we)
Spaadamlss!ons, hereby authorize Fortress Merchant Solutions JNC, hereinafter
called COMPANY to initiate a debit entry to-nlo/'(our) X Checking/ Savings
accounts at the depository financial institution named below in the amount of
$2,699.00, hereafter called DEPOSITORY, and to debit the same to such account.
}{we) acknowledge that the origination of ACH transactions to•!lli"(our) account
must comply with the provisions of the U.S. law." r:-;--;----::c=--
----------,---------------,------------•-------- Number of Installments: 2
iDebit A'm-o'un't: $1,-349.50--=="'---- L-•-••---•-----+- ----------- ,_._, ,,
,_, , , , .., , , ,_, , , 1"""""""""--•-----------•--..------ De ository Name:
Speede 1issi_on L::!.".!:' ------- --•--•--•-•-..- 1-:::--::----c:-:,--
-----:•:•--, --, =-------,------L-----•------ --•- Routing Number: 06/{}'f::J
:3!5.'7 ------ . . I-:----:---:::--,--.,------------I---•-•------..--,-------
.E£e !.!Jun:_ r: .Lff.5..C'ollml0pan9y-N-a-m-•e:-S"pe'e-d•em--lss-io-n-s ------
-------------- ••••--•••• - Address: 1015 Tyrone Road Suite -•--•--•-----
..--------- ------!:._ , , ,_, g£!20t=::;:::::;:.:.: /l I // 1/ 1'•
_§ignatu'-'re"-: •--,-,'--1"---..rf""=, --:r..: t, Y. ',! ..:
:D::_:a:':'te:'f-t7- /'>I Print Name{ )-'--: 1'--'R-I<Ic_ha_rd_P•_rl_on_ll_er_l
•-----<1•Title:Pr:::::e;;;J"::';/f,; r;r-.=-:o;;-f-;0:;-w-ne_r _ --
 

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