Document:

exhibit_10-40.htm

EXHIBIT 10.40

 

 

One-Time Credit Card Loan Agreement

CCLA #: 81612

This credit card loan agreement dated August 16, 2012, is between Kathy Schultz (the card holder/”Lender”) and RedFin Network, Inc. (the card user/”Borrower”).

The intent of this agreement is that Lender will allow Borrower to charge monies in the amount of $14,872  (Fourteen Thousand Eight Seventy Two  Dollars, the “Loan Amount”) on the credit card number listed below owned by Lender:

VISA/Mastercard/Discover/American Express 1002             Exp _8/16

Lender agrees that the amount loaned shall be charged to Lenders card on 8/16/12 (“The Loan Date”).

Borrower agrees to repay said loan on or before payment due to credit card (“The Loan Due Date”)

Borrower agrees that these monies will be used for the exclusive purpose of the purchase of inventory to fulfill product orders that have been placed with Borrower.

Borrower agrees that the amount borrowed/charged to credit card will never be more than $30,000 and shall.

Repayment of loan amount shall be made on or before credit card due date calendar days after charge is made to card and repayment shall be made in full.

As consideration for the aforementioned loan of funds by Lender, Borrower shall be entitled to an additional repayment amount of $ 0.00  due upon repayment of principal.

Borrower agrees to wire repayment of loan amount to Lenders account the day before the Loan Due Date so that cleared funds are in Lenders account available for withdrawal on the due date.

Lender shall supply an executed IRS Form W-9 upon the signing of this document.

Agreed to this ________________ day of ______________ 2012.

___________________________

Signed Lender

 

___________________________

Borrower

 

1500 W. Cypress Creek Rd

Suite 411

Fort Lauderdale, Fl 33309

954.769.1335/Fax 954.990.6622

www.RedFinNet.comexhibit_10-41.htm

EXHIBIT 10.41

 

One-Time Credit Card Loan Agreement

CCLA #: 82812

This credit card loan agreement dated August 28, 2012, is between Michael E. Fasci (the card holder/”Lender”) and RedFin Network, Inc. (the card user/”Borrower”).

The intent of this agreement is that Lender will allow Borrower to charge monies only one time in the amount of $24,840.00  (Twenty Four Thousand Eight Hundred Forty Dollars, the “Loan Amount”) on the credit card number listed below owned by Lender:

VISA           Ending in 2221

Lender agrees that the amount loaned shall be charged to Lenders card on August 28, 2012 and August 29, 2012 respectively. (“The Loan Date”).

Borrower agrees to repay said loan on or before September 19, 2012 (“The Loan Due Date”)

Borrower agrees that these monies will be used for the exclusive purpose of the purchase of inventory to fulfill product orders that have been placed with Borrower. These monies will be sent to ICG on August 30, 2012 for POS product purchase.

Borrower agrees that the amount borrowed/charged to credit card will be $13,800 on the 28th and $11,040 on the 29th and shall only be done once.

Repayment of any charges shall be made within 22 calendar days after charges are made and repayment shall be made in full.

As additional consideration for the aforementioned loan of funds by Lender, Borrower shall be entitled to an additional amount of $750 due upon repayment of principal.

Borrower agrees to send/transfer repayment of loan, as well as additional consideration, to Lenders Bank of America account the day before the loan due date (September 18, 2012) so that cleared funds are in Lenders account available for withdrawal on the due date.

Michael E. Fasci

Bank of America

Account # 009472800998

1500 W. Cypress Creek Rd

Suite 411

Fort Lauderdale, Fl 33309

954.769.1335/Fax 954.990.6622

www.RedFinNet.com

  

1

  

Lender shall supply an executed IRS Form W-9 upon the signing of this document.

Agreed to this 28th day of August, 2012.

___________________________

Signed

Michael E. Fasci - Lender

___________________________

Borrower

Jeffrey Schultz - President

RedFin Network, Inc.

 

1500 W. Cypress Creek Rd

Suite 411

Fort Lauderdale, Fl 33309

954.769.1335/Fax 954.990.6622

www.RedFinNet.com

2exhibit_10-42.htm

EXHIBIT 10.42

 

 

One-Time Credit Card Loan Agreement

CCLA #: 91812

This credit card loan agreement dated September 18, 2012, is between Kathy Schultz (the card holder/”Lender”) and RedFin Network, Inc. (the card user/”Borrower”).

The intent of this agreement is that Lender will allow Borrower to charge monies in the amount of $18,974.25  (Eighteen Thousand Nine Hundred Seventy Four and Twenty Five Cents, the “Loan Amount”) on the credit card number listed below owned by Lender:

VISA/Mastercard/Discover/American Express 1002           Exp _8/16

Lender agrees that the amount loaned shall be charged to Lenders card on 9/18/12 (“The Loan Date”).

Borrower agrees to repay said loan on or before payment due to credit card (“The Loan Due Date”)

Borrower agrees that these monies will be used for the exclusive purpose of the purchase of inventory to fulfill product orders that have been placed with Borrower.

Borrower agrees that the amount borrowed/charged to credit card will never be more than $30,000 and shall.

Repayment of loan amount shall be made on or before credit card due date calendar days after charge is made to card and repayment shall be made in full.

As consideration for the aforementioned loan of funds by Lender, Borrower shall be entitled to an additional repayment amount of $ 0.00 due upon repayment of principal.

Borrower agrees to wire repayment of loan amount to Lenders account the day before the Loan Due Date so that cleared funds are in Lenders account available for withdrawal on the due date.

Lender shall supply an executed IRS Form W-9 upon the signing of this document.

Agreed to this the 18th day of September 2012.

___________________________

Signed Lender

___________________________

Borrower

 

1500 W. Cypress Creek Rd

Suite 411

Fort Lauderdale, Fl 33309

954.769.1335/Fax 954.990.6622

www.RedFinNet.comexhibit_10-43.htm

EXHIBIT 10.43

 

Line of Credit Extension Agreement

The purpose of this agreement is to extend the maturity date and reduce the interest rate of the Line of Credit currently existing between RedFin Network Inc. and Commercial Holding AG. This Letter of Credit was originally entered into in April of 2008.

The current maturity date is December 31, 2012.

The new maturity date is December 31, 2014.

The current interest rate is 14% per annum.

The new interest rate is 6% per annum.

The approximate current balance existing on the note as of today is $1,144,500.

Agreed to this day October 19, 2012:

_________________________________

Tom Grissom

Managing Partner

Commercial Holding AGfs12012a4ex4vii_intelligent.htm

Exhibit 4.7

 

Second Addendum to Demand Note and Security Agreement Signed April 29, 2011.

 

The parties to this addendum shall be Intelligent Highway Solutions, Inc. located at 8 Slight Sky Ct. Sacramento, CA 95828 Michael J Sullivan located at 4830 Sorento Road, Sacramento, CA 95835 ("Borrowers"), Kenneth E. Polk, located at 9226 Marina Plaza Drive North, Long Beach, CA 90803 ("Secured Party").

 

In consideration and not withstanding any previous agreement(s), the parties hereby agree to extend and revise the demand note amount of the original agreement signed on April 29, 2011, as attached Exhibit "A" to this addendum to extend to September 30, 2012.

 

All provisions related to the original agreement remain in full force and effect including, but not limited to the Demand Note and Security Agreement. Borrowers agree that this addendum is subject to the original agreement and are subject to the security agreement dated April 29, 2011 and perfected with the CA Dept of Corporations UCC division.

 

	
4/30/2012

	 	$	2,500	 
	
5/31/2012

	 	$	2,500	 
	
6/30/2012

	 	$	2,500	 
	
7/31/2012

	 	$	2,500	 
	
8/31/2012

	 	$	2,500	 
	
9/30/2012

	 	$	2,500	 

 

This addendum supersedes and replaces all previous debt obligations and notes previously entered into between Borrowers and Secure Party, expected as noted above.

 

	Intelligent Highway Solutions, Inc. 	Kenneth K. Polk (Borrower) 
	(Borrower) 	(Secured Party)
	 	 
	

/s/ Devon Jones,

CEO

	

/s/ Kenneth K. Polk

 

  

 

  

 

Third Addendum to Demand Note and Security Agreement Signed April 29, 2011.

 

The parties to this addendum shall be intelligent Highway Solutions, inc. located at 8 Slight Sky Ct. Sacramento, CA 95828 ("Borrowers"), Kenneth E. Polk, located at 9226 Marina Plaza Drive North, Long Beach, CA 90803 ("Secured Party").

 

In consideration and not withstanding any previous agreement(s), the parties hereby agree to extend and revise the demand note amount of the original agreement sighed on April 29, 2011, as attached Exhibit "A" to this addendum to extend to February 28, 2013.

 

All provisions related to the original agreement remain in full force and effect including, but not limited to the Demand Note and Security Agreement, Borrowers agree that this addendum is subject to the original agreement and are subject to the security agreement dated April 29, 2011 and perfected with the CA Dept of Corporations UCC division.

 

	 	
9/30/2012

	 	$	2,500	 	 
	 	
10/30/2012

	 	$	2,500	 	 
	 	
11/30/2012

	 	$	2,500	 	 
	 	
12/30/2012

	 	$	2,500	 	 
	 	
1/30/2013

	 	$	2,506	 	 
	 	
2/28/2013

	 	$	2,500	 	 
	 	2/28/2013	 	 	100,000,	  principal balance due and payable	 

 

Late fee of $100,00 will be assessed on any payment made after five days beyond the due date(s) as defined schedule above.

 

This addendum supersedes and replaces all previous debt obligations and notes previously entered into between Borrowers and Secure Party, expected as noted above.

 

	Intelligent Highway Solutions, inc.	Kenneth K. Polk (Borrower)
	(Borrower)  	
(Secured Party)

	 	 
	

/s/ Devon Jones,

CEO

	

/s/ Kenneth K. Polk

	 	09/17/2012
	09-17-2012

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}]]