Status.
THE LENDER IS A NON-U.S. PERSON AS THAT TERM IS DEFINED IN THE
UNITED STATES INTERNAL REVENUE CODE.
IT IS HEREBY AGREED AND UNDERSTOOD THAT
THE OBLIGATIONS HEREUNDER MAY BE SOLD OR RESOLD ONLY TO NON-U.S. PERSONS.
THE
INTEREST PAYABLE HEREUNDER IS PAYABLE ONLY OUTSIDE THE UNITED STATES.
ANY U.S.
PERSON WHO HOLDS THIS OBLIGATION WILL BE SUBJECT TO LIMITATIONS UNDER THE UNITED
STATES INCOME TAX LAW.
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IN WITNESS WHEREOF, the Borrowers have executed this Note as of the date set
forth above.
BORROWERS:
SPEEDEMISSIONS, INC.
SPEEDY OPERATIONS, INC.
By:
/s/ Richard Parlontieri
By:
/s/ Richard Parlontieri
Name:
Richard Parlontieri
Name:
Richard Parlontieri
Title:
Pres/CEO
Title:
Pres
Signature Page - Replacement Revolving Note
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