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Summary of Terms for Future Receivables Sale and Purchase Agreement

Item	Term	Description
BUYER		Purchaser of future business receipts
SELLER(S)		Business selling future business receipts
STRUCTURE OF FINANCING	Revenue-based financing in form of purchase-and-sale of future business receipts
PURCHASE PRICE		Amount Buyer agrees to pay Seller for Purchased Amount, as further reduced by Closing Costs. See Closing Costs below.
PURCHASED AMOUNT		Total amount of future receivables purchased by Buyer from Seller
FACTOR RATE
EST SPECIFIED PERCENTAGE		Agreed upon percentage of Seller's anticipated future business receipts to be remitted to Buyer until Purchased Amount received
REMITTANCE AMOUNT		Approximation by Buyer and Seller of Specified Percentage converted to a daily dollar amount
CONDITIONS TO CLOSING
SELLER'S PLEDGE OF SECURITY	Seller's grant of interest in accounts-receivable	Seller's security for prompt and complete payment to Buyer, in which Buyer is granted an interest in assets of Seller
GUARANTY	Personal guaranty of performance	Owner(s) of Seller(s) personally guarantee(s) performance by the Seller(s), such that Seller(s) personally obligate(s) Owner(s) to perform obligations under the Sale and Purchase Agreement entered into (the "Agreement") if Seller(s) do(es) not.

Closing Costs
(The Purchase Price is reduced by Closing Costs)

Item	Term	Description
UNDERWRITING FEE		Buyer's underwriting charge
PRIOR BALANCE		Seller's prior balance(s) due to Buyer, Buyer's affiliates, and/or third party, if any
WIRE FEE
ORIGINATION FEE		Buyer's charge for brokering services
TOTAL NET AMOUNT		Amount that will be deposited in the sellers account after fees and any balances

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