_____________________, referred to herein as SECURED PARTY, and _____________________, referred to as DEBTOR, agree:

______________, DEBTOR, grants a security interest in the following property to ____________, SECURED PARTY:

This security agreement is made to secure an indebtedness of ______________ to _______________, described as follows:

A _______________, in the original principal amount of $ ______, ____________ &___/100 Dollars) dated _______________.

This security interest is also given to secure any other debts which may be owed by ______________ to ____________ from time to time.

DEBTOR warrants to SECURED PARTY that the property in which a security interest is granted is subject to no other liens, charges or encumbrances and that there are no financing statements or other lien notices on file regarding debtor that might create a lien on the property secured herein.

DEBTOR shall maintain the collateral in good repair, ordinary wear and tear excepted, and shall insure the same for its full value. DEBTOR shall provide to secured party certificates of insurance. SECURED PARTY shall be named as a loss payee on a long form standard loss payable clause. Should DEBTOR fail to maintain such coverage, SECURED PARTY may obtain the same and DEBTOR shall pay SECURED PARTY for the same, together with interest at the highest legal rate on the amounts advanced by the SECURED PARTY.

Upon default, as is defined herein, SECURED PARTY shall have all of the rights given to a secured party under the Uniform Commercial Code, Article 9.

Default shall be defined as:
1.  Any failure to comply with any covenant of the indebtedness secured by this agreement, including but not limited to a failure to timely pay as provided;
2.  The entry of a judgment, tax lien or other charge against the DEBTOR which is not satisfied or superseded within thirty days of inception;
3.  Such other commercially reasonably reason that leads SECURED PARTY to believe that its security is in peril.

DEBTOR shall execute any and all financing statements or other documents which are requested by SECURED PARTY and which SECURED PARTY determines is necessary to perfect SECURED PARTY’S LIEN.

DEBTOR appoints SECURED PARTY agent as its agent to file and any and all financing statements which may be necessary or required to perfect SECURED PARTY’s security interest, and DEBTOR authorizes SECURED PARTY to execute the same for DEBTOR.

This document represents the entire agreement between the parties, and there are no agreements or representations which are not stated herein. This agreement may not be modified unless it is in writing and signed by both parties.

Dated: ________________________

For ____________, SECURED PARTY:

________________________________________________________________

For ______________, DEBTOR:

________________________________________________________________

Security Agreement
Review List

This review list is provided to inform you about this document in question and assist you in its preparation.  This is a straightforward security agreement to provide a creditor with collateral to secure the loan to debtor.

1. Make multiple copies.  Each signatory should receive a copy.  Be sure a copy is in the file of the actual transaction.

__________________, referred to as OWNER, and _______________, referred to as CREDITOR, agree:

OWNER is indebted to CREDITOR in the sum of $____(____ _________&___/100 dollars) for a note;
to secure repayment of the debt, OWNER pledges to CREDITOR ______ shares of _________ stock of ______________________.

OWNER agrees to execute all necessary documents to perfect the pledge.

Dated: _________________________________________

______________________________________________________________
Owner

______________________________________________________________
Creditor

Pledge of Stock, Simple
Review List

This review list is provided to inform you about this document in question and assist you in its preparation.  This Pledge format is intended for a creditor to get additional collateral from a debtor, usually in default when agreeing to this additional requirement, in consideration of not foreclosing on the loan in question.  The regular Stock Pledge agreement should be used, if possible, by a creditor; the reason this is used is to get a quick signature with the paperwork to follow.

1. Make multiple copies.  Give one to each party.  The creditor should follow up with the standard Stock Pledge Agreement after this one has been signed, sealed, and delivered to them.

_____________, referred to as OWNER, and _____________, referred to as CREDITOR, agree:

OWNER is indebted to CREDITOR in the sum of $_______(____________ _________&___/100 dollars) for unpaid balance for purchase of the stock;
to secure repayment of the debt, OWNER pledges to CREDITOR ______ shares of ______ stock of __________________.

OWNER agrees to execute all necessary documents to perfect the pledge.

So long as OWNER is indebted to CREDITOR, the CREDITOR shall have the right to vote the shares.

CREDITOR shall be entitled to any dividends, and CREDITOR shall credit the debt with the amount of the dividends collected.  CREDITOR may optionally reinvest the dividends, and any shares so purchased shall be subject to the pledge.

If OWNER is current in the obligation underlying this pledge, CREDITOR will release portions of the pledged stock as follows:
$______(_______________&____/100 dollars) per share.

Dated: _________________________________________

______________________________________________________________
Creditor

______________________________________________________________
Owner

Stock Pledge
Review List

This review list is provided to inform you about this document in question and assist you in its preparation.  Stock pledges are customary vehicles to provide lenders with liquidity should a loan go bad, should your stock be publicly traded.  It provides some comfort, in any event, even with private stock.  There is substantial risk in making a stock pledge because, if the loan goes bad, the stock can be sold at an inopportune time for a publicly traded stock and at a severely discounted price if it is in a private company.  For the lender, stock pledges are a very valuable commodity for the same reasons they are problematic for the prospective debtor.

1. Make multiple copies.  Give one to each party.  Keep the paperwork in the related files.

______________________, referred to as LEASING COMPANY and ______________________, referred to as CUSTOMER, agree:

CUSTOMER shall lease from LEASING COMPANY the following items:
_____________________________________________________________

LEASING COMPANY shall purchase the items set forth above as CUSTOMER’S agent. LEASING COMPANY provides no warranty upon the goods, and the sole warranty shall be that offered, if any, by the MANUFACTURERS and sellers of the leased equipment. The equipment shall be located at:
_________________________________________________________________

and may not be moved without prior approval of LEASING COMPANY.

All expenses of delivery, set up and taxes of the leased goods shall be paid directly by CUSTOMER to the providers of such services.

CUSTOMER shall maintain insurance coverage, at its expense, upon the leased property with broad form coverage through an insurance carrier authorized to transact business in the State of ________ acceptable to LEASING COMPANY, which approval shall not be unreasonably withheld.

CUSTOMER agrees to pay LEASING COMPANY the total sum of $____ (_______________&___/100 dollars) in consideration of the lease of the equipment, to be paid in ____ installments due ______________, with the first payment due on __________________.

Upon the failure of CUSTOMER to pay any installment due, or to comply with the provisions of this lease agreement, the LEASING COMPANY may accelerate the payment of all remaining sums due. The CUSTOMER shall pay all taxes and levies upon the equipment.

Any payment late by 10 days will incur a late charge of 5% of the face amount of that payment as described above.

Upon default the LEASING COMPANY may take possession of the leased items, and may enter the premises of CUSTOMER to do so.

CUSTOMER shall have the option to purchase the leased equipment at the conclusion of the term of the lease, provided that all payments have been made, for the sum of $________(______________& ___/100 dollars). Should CUSTOMER decline to exercise this option, CUSTOMER shall return the equipment, at its expense, to LEASING COMPANY.

The customer shall be responsible for all maintenance upon the leased items, and shall keep the equipment in good operating condition.

Upon default, CUSTOMER agrees to pay any and all costs of collection including attorney’s fees incurred by LEASING COMPANY.  CUSTOMER shall not move the leased items without the prior approval of LEASING COMPANY.

CUSTOMER agrees to execute financing statements or other documents reasonably required by LEASING COMPANY.

Dated: _______________________________

_______________________________________
Customer

______________________________________
Leasing Company
Lease and Buy Agreement
Review List

This review list is provided to inform you about this document in question and assist you in its preparation.  This is a lease agreement intended to help a customer buy a large item.  It is set up as an installment loan, with leasing provisions, and will work fine as long as the customer makes the payments.  The simplicity of the agreement will make it easier for the Seller to entice the Buyer into buying.   The agreement provides for repossession, late payments, collection costs, and the like.

1.  Make multiple copies.  Each signatory should get one.  Keep one in the related