UCC Financing Statement Form

UCC FINANCING STATEMENT (UCC‑1)

This UCC Financing Statement (the Financing Statement) is executed on Filing Date: by and between Debtor Name: whose principal mailing address is (hereinafter Debtor), and Secured Party Name: whose principal mailing address is .

RECITALS

WHEREAS, Debtor has entered into a Security Agreement with Secured Party dated (the Security Agreement), pursuant to which Debtor granted to Secured Party a security interest in certain personal property and other collateral as provided herein;

WHEREAS, to perfect and give public notice of the security interest granted under the Security Agreement, the Secured Party desires to file this Financing Statement in the proper filing office and to set forth the collateral and related information required by applicable law;

WHEREAS, the parties intend that this Financing Statement shall operate in accordance with the Uniform Commercial Code as adopted in the applicable jurisdiction to perfect the security interest described below.

NOW THEREFORE, in consideration of the mutual covenants and agreements herein, the parties agree as follows:

1. GRANT OF SECURITY INTEREST

Debtor hereby grants to Secured Party a continuing security interest in all of Debtor's right, title and interest in and to the Collateral described in Section 3 below, whether now existing or hereafter arising, and whether introduced or acquired after the date hereof, to secure the prompt payment and performance of the Secured Obligations.

2. OBLIGATIONS SECURED

The security interest granted in Section 1 secures all obligations of Debtor to Secured Party, whether now existing or hereafter arising, including principal, interest, fees, costs and expenses (collectively, the Secured Obligations). The aggregate maximum principal amount secured is .

3. DESCRIPTION OF COLLATERAL

The foregoing description is intended to be sufficiently specific to create and perfect a security interest in the items described. To the extent required by law, this Financing Statement constitutes a statement of collateral covering proceeds, products, replacements and substitutions of the described collateral.

4. PERFECTION; FILING INSTRUCTIONS

Secured Party shall have the right to file one or more financing statements, continuation statements, amendments or other instruments necessary to perfect, maintain or continue the perfection of the security interest granted hereby. Debtor authorizes Secured Party to file any such financing statement without further signature of Debtor to the extent permitted by applicable law.

The parties indicate the following special filing attributes applicable to the collateral (select all that apply):

Fixtures Timber to be cut Agricultural lien Non-consumer goods Real property related

5. REPRESENTATIONS AND WARRANTIES

Debtor represents and warrants that (a) Debtor is the owner of and has the power to grant the security interest described herein; (b) the Collateral is not subject to any prior security interest, lien or encumbrance except as disclosed to Secured Party in writing on or before the date hereof; and (c) Debtor will not permit the creation of any lien or encumbrance on the Collateral which would materially impair Secured Party's security interest without Secured Party's prior written consent.

6. DEFAULT; REMEDIES

Upon the occurrence of an Event of Default under the Security Agreement, Secured Party may exercise all rights and remedies available under the Security Agreement and applicable law, including without limitation the right to repossess, sell or otherwise dispose of the Collateral. Secured Party may hold or manage the Collateral in a commercially reasonable manner and apply proceeds of disposition to obligations secured hereunder after payment of reasonable costs of collection and disposition.

7. NOTICES

All notices under this Financing Statement must be in writing and delivered to the addresses set forth in this document. Notice is effective upon receipt or upon delivery if sent by nationally recognized overnight courier. Debtor and Secured Party shall each provide prompt written notice of any change in their respective mailing addresses.

8. GOVERNING LAW; VENUE

This Financing Statement shall be governed by and construed in accordance with the laws of State: , without regard to conflicts of law principles. Venue for any dispute arising hereunder shall be in the appropriate courts located in the foregoing state.

9. ENTIRE AGREEMENT; SEVERABILITY

This Financing Statement, together with the Security Agreement and any related financing statements or amendments executed in connection herewith, constitutes the entire agreement between the parties relating to the perfection of the security interest described herein. If any provision of this Financing Statement is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

10. AMENDMENTS; WAIVER; COUNTERPARTS

This Financing Statement may be amended only by a written instrument executed by the party or parties against whom enforcement is sought. No waiver by any party of any right or remedy hereunder shall be effective unless in writing. This Financing Statement may be executed in counterparts, each of which shall be deemed an original.

11. FURTHER ASSURANCES

Debtor agrees that upon request and at Debtor's expense it shall promptly execute and deliver such further instruments and take such further actions as Secured Party may reasonably request to perfect, continue or evidence the security interest granted herein.

12. FILING INFORMATION FOR FILING OFFICE

Filing Office Use: Serial/Reference Number:

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