PRE-FUNDING AGREEMENT AND AUTHORIZATION TO COMMENCE SECURED FINANCE AGREEMENT
The Secured Party (PreCheck Health Services, Inc.) has received a request from the Customer
to fund the purchase of the Equipment listed in Exhibit A. As adequate and valuable consideration for Secured Party to advance funds to purchase the Equipment, Customer unconditionally agrees to the following:
You agree to accept the Equipment described on the Secured Finance Agreement (“SFA”). You acknowledge full responsibility for loss or damage to the Equipment from the time of your acceptance at Supplier(s)’ place of business. You warrant to Secured Party that you selected the Equipment, and the Equipment is merchantable and fit for the purpose for which it was selected or that any disclaimer of such warranties by the Manufacturer is acceptable to you. You hereby acknowledge and understand that by signing this agreement, you agree that you shall be responsible for taking delivery/installation of the Equipment. You further agree that you will remain responsible to Secured Party, or its assignees for all payments required under the SFA.
You shall pay Secured Party a prefunding fee of
, and the Term of the SFA shall commence when PreCheck Health Services, Inc. accepts and duly executes all Lease Agreements along with the agreed upon deposit for the Equipment and will continue for the entire SFA Term until paid in full. By signature below the undersigned specifically authorizes and requests Secured Party to fund the Purchase Price of the Equipment described in the SFA. Secured Party is hereby irrevocably instructed to the respective amounts to the respective payees designated below:
The Invoices identified above are hereby incorporated into the SFA as Exhibit A for purposes of describing the Equipment covered by the SFA. Disbursement by Secured Party inaccordance with the foregoing instructions shall be and constitute payment and delivery to and receipt by Customer of the Amount Financed referenced in the SFA.
Customer understands and authorizes the conditions set forth in this agreement.
AN ELECTRONIC VERSION OF THIS DOCUMENT WITH SIGNATURE SHALL BE CONSIDERED AN ORIGINAL
I HEREBY PERSONALLY, JOINTLY AND SEVERALLY AND UNCONDITIONALLY GUARANTEE PAYMENT AND PERFORMANCE, NOT JUST COLLECTION, BY THE CUSTOMER UNDER THIS PREFUNDING AGREEMENT. I AGREE THAT SECURED PARTY MAY EXTEND, TRANSFER AND AMEND THIS PRE-FUNDING AND I AGREE TO BE BOUND BY ALL SUCH CHANGES. I WAIVE ALL NOTICES, INCLUDING NOTICES OF DEMAND AND DEFAULT. I WILL NOT ASSERT AGAINST ANY ASSIGNEE ANY CLAIMS I MAY HAVE AGAINST SECURED PARTY. I AGREE SECURED PARTY MAY PROCEED AGAINST ME SEPARATELY FROM THE CUSTOMER OR THE EQUIPMENT OR AT THE SAME TIME. I AGREE THAT THE TERMS OF SECTION 5 OF THE SFA, SHALL APPLY TO THIS GUARANTY. I AGREE THAT MY DIGITAL SIGNATURE SHALL BE CONSIDERED AS GOOD AS MY ORIGINAL SIGNATURE AND ADMISSIBLE AS CONCLUSIVE EVIDENCE OF THIS PERSONAL GUARANTY.