Financial Collateral Document

FINANCIAL COLLATERAL DOCUMENT

Parties and Transaction Identifiers

Date of Agreement:

Recitals and Definitions

This Financial Collateral Document (the "Security Agreement") evidences the grant by the Grantor to the Secured Party of a security interest in the Collateral described below to secure the Grantor's obligations under the related financial obligation(s) identified herein.

Related Obligation Reference:

Principal Secured Amount: $     Interest Rate (annual):

Grant of Security Interest

For valuable consideration, the Grantor hereby grants to the Secured Party a continuing security interest in and lien upon the Collateral described in this document, together with all accessions, attachments, replacements and proceeds thereof, whether now owned or hereafter acquired.

Collateral Description (Detailed)

Collateral category (check all that apply): Inventory Equipment Accounts Receivable Instruments Proceeds

Itemized Collateral Schedule

Provide itemized description for major items or classes of collateral. If additional space is required attach schedule and reference below.

Representations, Warranties and Covenants

Grantor represents and warrants that Grantor is the sole legal and beneficial owner of the Collateral, has full right and authority to grant the security interest herein, and that upon filing of any required financing statement the Secured Party will have a valid, perfected security interest superior to the rights of subsequent creditors and purchasers except as otherwise expressly disclosed in writing below:

Covenants of Grantor include, without limitation, to maintain the Collateral in good order, not to transfer or encumber the Collateral without prior written consent of the Secured Party, and to execute all documents necessary to perfect and maintain the Secured Party's security interest.

Perfection; Filing and Remedies

The Secured Party may file one or more financing statements or take possession or control of the Collateral as permitted by applicable law to perfect and protect its security interest. Upon an Event of Default, as defined below, the Secured Party shall have all rights and remedies provided at law or in equity including, but not limited to, repossession, sale and collection of proceeds.

Event of Default includes failure to pay any secured obligation when due, insolvency or bankruptcy of Grantor, material breach of representations or covenants, or any event that materially impairs the Collateral.

Yes, financing statement to be filed     Secured Party may take possession if necessary

Default, Remedies and Expenses

Upon default, Secured Party may declare all obligations immediately due and payable and exercise rights to sell, lease, license or otherwise dispose of the Collateral. Grantor shall be liable for reasonable costs and expenses, including legal fees and costs of sale, incurred by the Secured Party in enforcing its rights.

Notices

Miscellaneous Provisions

Governing Law: The validity, construction and enforcement of this Security Agreement shall be governed by the laws of the jurisdiction indicated below, without regard to conflict of law principles.

Grantor Certification and Acknowledgment

By signing below, the Grantor certifies that the information provided in this Security Agreement is true and complete to the best of Grantor's knowledge, that the Collateral is not subject to any undisclosed security interest or encumbrance, and that Grantor authorizes the Secured Party to file financing statements or take other actions to perfect the security interest described herein.

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