Document:

Security Agreement, dated May 19, 2006, Comerica Bank

 Exhibit 10.67 
  

											
	 Trading permitted?
	  	x	 	  	 yes
	  	 ̈	 	  	no
					
	 Withdrawals permitted?
	  	 ̈	 	  	 yes
	  	x	 	  	no

 SECURITY AGREEMENT 
 (Securities Account) 
 As of May 19, 2006, for value received, the undersigned
(“Debtor”) grants to Comerica Bank, as Agent (“Agent”), a Michigan banking corporation, a continuing security interest in the Collateral (as defined below) to secure payment when due, whether by stated maturity, demand
acceleration or otherwise, of all existing and future indebtedness (“Indebtedness”) to the Agent and the Banks (as defined in the Credit Agreement more particularly described in Section 7 of Tecstar Automotive Group, Inc.
(individually and collectively, the “Borrower”) and/or Debtor. Indebtedness includes without limit any and all obligations or liabilities of the Borrower and/or Debtor to the Banks, whether absolute or contingent, direct or indirect,
voluntary or involuntary, liquidated or unliquidated, joint or several, known or unknown; any and all obligations or liabilities for which the Borrower and/or Debtor would otherwise be liable to the Banks were it not for the invalidity or
unenforceability of them by reason of any bankruptcy, insolvency or other law, or for any other reason; any and all amendments, modifications, renewals and/or extensions of any of the above; all costs incurred by Agent in establishing, determining,
continuing, or defending the validity or priority of its security interest, or in pursuing its rights and remedies under this Agreement or under any other agreement between Banks and Borrower and/or Debtor or in connection with any proceeding
involving Agent or any Bank as a result of any financial accommodation to Borrower and/or Debtor; and all other costs of collecting Indebtedness, including without limit attorney fees. Debtor agrees to pay Agent all such costs incurred by the Agent,
immediately upon demand, and until paid all costs shall bear interest at the highest per annum rate applicable to any of the Indebtedness, but not in excess of the maximum rate permitted by law. Any reference in this Agreement to attorney fees shall
be deemed a reference to reasonable fees, costs, and expenses of both in house and outside counsel and paralegals, whether or not a suit or action is instituted, and to court costs if a suit or action is instituted, and whether attorney fees or
court costs are incurred at the trial court level, on appeal, in a bankruptcy, administrative or probate proceeding or otherwise. 
  

	1.	Collateral shall mean all of the following property Debtor now or later owns or has an interest in, wherever located: 

  

	 	(a)	all of Debtor’s right, title and interest (including without limitation, security entitlement) in investment assistance securities account no. 1055035128 (“the
Account”) maintained at Comerica Bank (“Securities Intermediary”) and all cash, securities, investment property or financial assets now or hereafter deposited or maintained in the Account or credited to the Account, and any and all
securities accounts in substitution or replacement thereof; 

  

	 	(b)	 all goods, instruments, documents, policies and certificates of insurance, deposits, money, investment property or other property (except real property which is not
a 

	 	 
fixture) which are now or later in possession or control of Agent, or as to which Agent now or later controls possession by documents or otherwise, and

  

	 	(c)	all additions, attachments, accessions, parts, replacements, substitutions, renewals, interest, dividends, distributions, rights of any kind (including but not limited to stock
splits, stock rights, voting and preferential rights), products, and proceeds of or pertaining to the above including, without limit, cash or other property which were proceeds and are recovered by a bankruptcy trustee or otherwise as a preferential
transfer by Debtor. 

  

	2.	Warranties, Covenants and Agreements. Debtor warrants, covenants and agrees as follows: 

  

	 	2.1	Debtor shall furnish to Agent, in form and at intervals as Agent may request, any information Agent may reasonably request and allow Agent to examine, inspect, and copy any of
Debtor’s books and records. Debtor shall, at the request of Agent, mark its records and the Collateral to clearly indicate the security interest of Agent under this Agreement. 

  

	 	2.2	At the time any Collateral becomes, or is represented to be, subject to a security interest in favor of Agent, Debtor shall be deemed to have warranted that (a) Debtor is the
lawful owner of the Collateral and has the right and authority to subject it to a security interest granted to Agent; (b) none of the Collateral is subject to any security interest other than that in favor of Agent or as permitted in the
Account Control Agreement (as defined below) and there are no financing statements on file, other than in favor of Agent or as permitted in the Account Control Agreement; (c) there are no financing statements on file, other than in favor of
Agent; (d) no person, other than Agent, has possession or control (as defined in the Uniform Commercial Code) of any Collateral of such nature that perfection of a security interest may be accomplished by control; and (e) Debtor acquired
its rights in the Collateral in the ordinary course of its business. 

  

	 	2.3	Debtor will keep the Collateral free at all times from all claims, liens, security interests and encumbrances other than those in favor of Agent or as permitted in the Account
Control Agreement. Debtor will not, without the prior written consent of Agent, sell, transfer or lease, or permit to be sold, transferred or leased, any or all of the Collateral, except to the extent permitted in Section 7 below or the Account
Control Agreement. Agent or its representatives may at all reasonable times inspect the Collateral and may enter upon all premises where the Collateral is kept or might be located. 

  

	 	2.4	 Debtor will do all acts and will execute or cause to be executed all writings requested by Agent to establish, maintain and continue a perfected and first security
interest of Agent, acting for the benefit of the Banks, in the Collateral. Debtor agrees that Agent has no obligation to acquire or perfect any lien on or security interest in any asset(s), whether realty or personalty, to secure payment of 

  

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the Indebtedness, and Debtor is not relying upon assets in which the Agent may have a lien or security interest for payment of the Indebtedness.

  

	 	2.5	Debtor will pay within the time that they can be paid without interest or penalty all taxes, assessments and similar charges which at any time are or may become a lien, charge, or
encumbrance upon any Collateral, except to the extent contested in good faith and bonded in a manner satisfactory to Agent. If Debtor fails to pay any of these taxes, assessments, or other charges in the time provided above, Agent has the option
(but not the obligation) to do so and Debtor agrees to repay all amounts so expended by Agent immediately upon demand, together with interest at the highest lawful default rate which could be charged by the Banks on any Indebtedness.

  

	 	2.6	Debtor will keep the Collateral in good condition and will protect it from loss, damage, or deterioration from any cause. 

  

	 	2.7	If Agent, acting in its sole discretion, redelivers Collateral to Debtor or Debtor’s designee for the purpose of (a) the ultimate sale or exchange thereof; or
(b) presentation, collection, renewal, or registration of transfer thereof; or (c) loading, unloading, storing, shipping, transshipping, manufacturing, processing or otherwise dealing with it preliminary to sale or exchange; such
redelivery shall be in trust for the benefit of Agent and shall not constitute a release of Agent’s security interest in it or in the proceeds or products of it unless Agent specifically so agrees in writing. If Debtor requests any such
redelivery, Debtor will deliver with such request a duly executed financing statement in form and substance satisfactory to Agent. Any proceeds of Collateral coming into Debtor’s possession as a result of any such redelivery shall be held in
trust for Agent and immediately delivered to Agent for application on the Indebtedness. Agent may (in its sole discretion) deliver any or all of the Collateral to Debtor, and such delivery by Agent shall discharge Agent from all liability or
responsibility for such Collateral. Agent, at its option, may require delivery of any Collateral to Agent at any time with such endorsements or assignments of the Collateral as Agent may request. 

  

	 	2.8	[Reserved]. 

  

	 	2.9	 At any time following the occurrence and during the continuation of an Event of Default and without notice, Agent may (a) cause any or all of the Collateral to
be transferred to its name or to the name of its nominees; (b) receive or collect by legal proceedings or otherwise all dividends, interest, principal payments and other sums and all other distributions at any time payable or receivable on
account of the Collateral, and hold the same as Collateral, or apply the same to the Indebtedness, the manner and distribution of the application to be in the sole discretion of Agent; (c) enter into any extension, subordination,
reorganization, deposit, merger or consolidation agreement or any other agreement relating to or affecting the Collateral, and deposit or surrender control of the Collateral, and accept other property in exchange for the Collateral and hold or apply
the property or money so received pursuant to this Agreement; and (d) take such 

  

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actions in its own name, or in Debtor’s name, as Agent, in its sole discretion, deems necessary or appropriate to establish exclusive control (as
defined in the Uniform Commercial Code) over any Collateral of such nature that perfection of Bank’s security interest may be accomplished by control. 

  

	 	2.10	Subject to the terms of the Credit Agreement, any Bank may assign any of the Indebtedness and deliver any or all of the Collateral to its assignee, who then shall have with respect
to Collateral so delivered all the rights and powers of such Bank under this Agreement, and after that Agent and such Bank shall be fully discharged from all liability and responsibility with respect to Collateral so delivered.

  

	 	2.11	Debtor delivers this Agreement based solely on Debtor’s independent investigation of (or decision not to investigate) the financial condition of Borrower and is not relying on
any information furnished by Agent or any Bank. Debtor assumes full responsibility for obtaining any further information concerning the Borrower’s financial condition, the status of the Indebtedness or any other matter which the undersigned may
deem necessary or appropriate now or later. Debtor waives any duty on the part of Agent and the Banks, and agrees that Debtor is not relying upon nor expecting Agent or any Bank to disclose to Debtor any fact now or later known by Agent or such
Bank, whether relating to the operations or condition of Borrower, the existence, liabilities or financial condition of any guarantor of the Indebtedness, the occurrence of any default with respect to the Indebtedness, or otherwise, notwithstanding
any effect such fact may have upon Debtor’s risk or Debtor’s rights against Borrower. Debtor knowingly accepts the full range of risk encompassed in this Agreement, which risk includes without limit the possibility that Borrower may incur
Indebtedness to Bank after the financial condition of Borrower, or Borrower’s ability to pay debts as they mature, has deteriorated. 

  

	3.	 Collection of Proceeds. Debtor agrees to collect and enforce payment of all Collateral until Agent shall direct Debtor to the contrary. Immediately upon
notice to Debtor by Agent and at all times after that, Debtor agrees to fully and promptly cooperate and assist Agent in the collection and enforcement of all Collateral and to hold in trust for Agent all payments received in connection with
Collateral and from the sale, lease or other disposition of any Collateral, all rights by way of suretyship or guaranty and all rights in the nature of a lien or security interest which Debtor now or later has regarding Collateral. Immediately upon
and after such notice, Debtor agrees to (a) endorse to Agent and immediately deliver to Agent all payments received on Collateral or from the sale, lease or other disposition of any Collateral or arising from any other rights or interests of
Debtor in the Collateral, in the form received by Debtor without commingling with any other funds, and (b) immediately deliver to Agent all property in Debtor’s possession or later coming into Debtor’s possession through enforcement
of Debtor’s rights or interests in the Collateral. Debtor irrevocably authorizes Agent or any employee or agent of the Agent to endorse the name of Debtor upon any checks or other items which are received in payment for any Collateral, and to
do any and all things necessary in order to reduce these items to money. Agent shall have no duty as to the collection or protection of 

  

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Collateral or the proceeds of it, nor as to the preservation of any related rights, beyond the use of reasonable care in the custody and preservation of
Collateral in the possession of Agent. Debtor agrees to take all steps necessary to preserve rights against prior parties with respect to the Collateral. Nothing in this Section 3 shall be deemed a consent by Agent to any sale, lease or other
disposition of any Collateral. 

  

	4.	Defaults, Enforcement and Application of Proceeds. 

  

	 	4.1	Upon the occurrence of any of the following events (each an “Event of Default”), Debtor shall be in default under this Agreement: 

  

	 	(a)	Any failure to pay the Indebtedness or any other indebtedness when due, or such portion of it as may be due, by acceleration or otherwise; or 

  

	 	(b)	Any failure or neglect to comply with, or breach of or default under, any term of this Agreement, or any other agreement or commitment between Borrower, Debtor, or any guarantor of
any of the Indebtedness (“Guarantor”) and any Bank; or 

  

	 	(c)	Any warranty, representation, financial statement, or other information made, given or furnished to Bank by or on behalf of Borrower, Debtor, or any Guarantor shall be, or shall
prove to have been, false or materially misleading when made, given, or furnished; or 

  

	 	(d)	The occurrence of an Event of Default (as defined in the Credit Agreement); or 

  

	 	(e)	There is any revocation or termination of the Account Control Agreement without the prior written consent of the Agent. 

  

	 	4.2	Upon the occurrence of any Event of Default, Agent may at its discretion and without prior notice to Debtor declare any or all of the Indebtedness to be immediately due and payable
and Agent shall have and may exercise any one or more of the following rights and remedies: 

  

	 	(a)	Exercise all the rights and remedies upon default, in foreclosure and otherwise, available to secured parties under the provisions of the Uniform Commercial Code and other
applicable law; 

  

	 	(b)	Institute legal proceedings to foreclose upon the lien and security interest granted by this Agreement, to recover judgment for all amounts then due and owing as Indebtedness, and
to collect the same out of any Collateral or the proceeds of any sale of it; 

  

	 	(c)	Institute legal proceedings for the sale, under the judgment or decree of any court of competent jurisdiction, of any or all Collateral; and/or 

  

	 	(d)	 Personally or by agents, attorneys, or appointment of a receiver, enter upon any premises where Collateral may then be located, and take possession of all or any

  

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of it and/or render it unusable; and without being responsible for loss or damage to such Collateral, hold, operate, sell, lease, or dispose of all or any
Collateral at one or more public or private sales, leasings or other dispositions, at places and times and on terms and conditions as Agent may deem fit, without any previous demand or advertisement; and except as provided in this Agreement, all
notice of sale, lease or other disposition, and advertisement, and other notice or demand, any right or equity of redemption, and any obligation of a prospective purchaser or lessee to inquire as to the power and authority of Agent to sell, lease,
or otherwise dispose of the Collateral or as to the application by Agent of the proceeds of sale or otherwise, which would otherwise be required by, or available to Debtor under, applicable law are expressly waived by Debtor to the fullest extent
permitted. 

 At any sale pursuant to this Section 4.2, whether under the power of sale, by virtue of judicial
proceedings or otherwise, it shall not be necessary for Agent or a public officer under order of a court to have present physical or constructive possession of Collateral to be sold. The recitals contained in any conveyances and receipts made and
given by Agent or the public officer to any purchaser at any sale made pursuant to this Agreement shall, to the extent permitted by applicable law, conclusively establish the truth and accuracy of the matters stated (including, without limit, as to
the amounts of the principal of and interest on the Indebtedness, the accrual and nonpayment of it and advertisement and conduct of the sale); and all prerequisites to the sale shall be presumed to have been satisfied and performed. Upon any sale of
any Collateral, the receipt of the officer making the sale under judicial proceedings or of Agent shall be sufficient discharge to the purchaser for the purchase money, and the purchaser shall not be obligated to see to the application of the money.
Any sale of any Collateral under this Agreement shall be a perpetual bar against Debtor with respect to that Collateral. At any sale or other disposition of Collateral pursuant to this Section 4.2, Agent and each Bank disclaims all warranties
which would otherwise be given under the Uniform Commercial Code, including without limit a disclaimer of any warranty relating to title, possession, quiet enjoyment of the like, and Agent may communicate these disclaimers to a purchaser at such
disposition. This disclaimer of warranties will not render the sale commercially unreasonable. 
  

	 	4.3	Debtor shall at the request of Agent, notify the account debtors or obligors of Agent’s security interest in any Collateral and direct payment of it to Agent. Agent may,
itself, upon the occurrence of any Event of Default so notify and direct any account debtor or obligor. At the request of Agent, whether or not an Event of Default has occurred, Debtor shall immediately take such actions as Agent shall request to
establish exclusive control (as defined in the Uniform Commercial Code) by Agent over any Collateral which is of such a nature that perfection of a security interest may be accomplished by control. 

  

	 	4.4	 The proceeds of any sale or other disposition of Collateral authorized by this Agreement shall be applied by Agent first upon all expenses authorized by the Uniform
Commercial Code and all reasonable attorney fees and legal expenses 

  

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incurred by Agent or any Bank; the balance of the proceeds of the sale or other disposition shall be applied in the payment of the Indebtedness, first to
interest, then to principal, then to remaining Indebtedness and the surplus, if any, shall be paid over to Debtor or to such other person(s) as may be entitled to it under applicable law. Debtor shall remain liable for any deficiency, which it shall
pay to Agent immediately upon demand. Debtor agrees that Agent and the Banks shall be under no obligation to accept any noncash proceeds in connection with any sale or disposition of Collateral unless failure to do so would be commercially
unreasonable. If Agent agrees in its sole discretion to accept noncash proceeds (unless the failure to do so would be commercially unreasonable), Agent may ascribe any commercially reasonable value to such proceeds. Without limiting the foregoing,
Agent may apply any discount factor in determining the present value of proceeds to be received in the future or may elect to apply proceeds to be received in the future only as and when such proceeds are actually received in cash by Agent.

  

	 	4.5	Nothing in this Agreement is intended, nor shall it be construed, to preclude Agent from pursuing any other remedy provided by law for the collection of the Indebtedness or for the
recovery of any other sum to which Agent may be entitled for the breach of this Agreement by Debtor. Nothing in this Agreement shall reduce or release in any way any rights or security interests of Agent contained in any existing agreement between
Borrower, Debtor, or any Guarantor and any Bank. 

  

	 	4.6	No waiver of default or consent to any act by Debtor shall be effective unless in writing and signed by an authorized officer of Agent. No waiver of any default or forbearance on
the part of Agent in enforcing any of its rights under this Agreement shall operate as a waiver of any other default or of the same default on a future occasion or of any rights. 

  

	 	4.7	Upon the occurrence of any Event of Default, Debtor irrevocably appoints Agent or any agent of Agent (which appointment is coupled with an interest) the true and lawful attorney of
Debtor (with full power of substitution) in the name, place and stead of, and at the expense of, Debtor and (b) authorizes Agent or any agent of Agent, in its own name, at Debtor’s expense, to do any of the following, as Agent, in its sole
discretion, deems appropriate: 

  

	 	(a)	to demand, receive, sue for, and give receipts or acquittances for any moneys due or to become due with respect to any Collateral and to endorse any item representing any payment on
or proceeds of the Collateral; 

  

	 	(b)	to execute and file in the name of and on behalf of Debtor all financing statements or other filings deemed necessary or desirable by Agent to evidence, perfect, or continue the
security interests granted in this Agreement; and 

  

	 	(c)	to do and perform any act on behalf of Debtor permitted or required under this Agreement. 

  

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	 	4.8	Upon the occurrence of an Event of Default, Debtor also agrees, upon request of Agent, to assemble the Collateral and make it available to Agent at any place designated by Agent
which is reasonably convenient to Agent and Debtor. 

  

	 	4.9	The following shall be the basis for any finder of fact’s determination of the value of any Collateral which is the subject matter of a disposition giving rise to a calculation
of any surplus or deficiency under Section 9.615 (f) of the Uniform Commercial Code (as in effect on or after July 1, 2001): (a) the Collateral which is the subject matter of the disposition shall be valued in an “as
is” condition as of the date of the disposition, without any assumption or expectation that such Collateral will be repaired or improved in any manner; (b) the valuation shall be based upon an assumption that the transferee of such
Collateral desires a resale of the Collateral for cash promptly (but no later than 30 days) following the disposition; (c) all reasonable closing costs customarily borne by the seller in commercial sales transactions relating to property
similar to such Collateral shall be deducted including, without limitation, brokerage commissions, tax prorations, attorneys’ fees, whether inside or outside counsel is used, and marketing costs; (d) the value of the Collateral which is
the subject matter of the disposition shall be further discounted to account for any estimated holding costs associated with maintaining such Collateral pending sale (to the extent not accounted for in (c) above), and other maintenance,
operational and ownership expenses; and (e) any expert opinion testimony given or considered in connection with a determination of the value of such Collateral must be given by persons having at least 5 years experience in appraising property
similar to the Collateral and who have conducted and prepared a complete written appraisal of such Collateral taking into consideration the factors set forth above. The “value” of any such Collateral shall be a factor in determining the
amount of proceeds which would have been realized in a disposition to a transferee other than a secured party, a person related to a secured party or a secondary obligor under Section 9-615(f). 

  

	5.	Miscellaneous. 

  

	 	5.1	Until Agent is advised in writing by Debtor to the contrary, all notices, requests and demands required under this Agreement or by law shall be given to, or made upon, Debtor at the
first address indicated in Section 5.15 below. 

  

	 	5.2	Debtor will give Agent not less than 90 days prior written notice of all contemplated changes in Debtor’s name, chief executive office location, state of formation or
organization, and/or location of any Collateral, but the giving of this notice shall not cure any Event of Default caused by this change. 

  

	 	5.3	Agent assumes no duty of performance or other responsibility under any contracts contained within the Collateral. 

  

	 	5.4	 Subject to the terms of the Credit Agreement, each Bank has the right to sell, assign, transfer, negotiate or grant participations or any interest in, any or all of

  

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the Indebtedness and any related obligations, including without limit this Agreement. In connection with the above, but without limiting its ability to make
other disclosures to the full extent allowable, such Bank may disclose all documents and information which such Bank now or later has relating to Debtor, the Indebtedness or this Agreement, however obtained. Debtor further agrees that any Bank may
provide information relating to this Agreement or relating to Debtor to such Bank’s parent, affiliates, subsidiaries, and service providers. 

  

	 	5.5	In addition to Agent’s other rights, any indebtedness owing from Agent or any Bank to Debtor can be set off and applied by Agent on any Indebtedness at any time(s) either
before or after maturity or demand without notice to anyone. 

  

	 	5.6	Debtor waives any right to require the Agent to: (a) proceed against any person or property; (b) give notice of the terms, time and place of any public or private sale of
personal property security held from Borrower or any other person, or otherwise comply with the provisions of Section 9-611 or 9-621 of the Uniform Commercial Code; or (c) pursue any other remedy in the Agent’s power. Debtor waives
notice of acceptance of this Agreement and presentment, demand, protest, notice of protest, dishonor, notice of dishonor, notice of default, notice of intent to accelerate or demand payment of any Indebtedness, any and all other notices to which the
undersigned might otherwise be entitled, and diligence in collecting any Indebtedness, and agree(s) that the Agent may, once or any number of times, modify the terms of any Indebtedness, compromise, extend, increase, accelerate, renew or forbear to
enforce payment of any or all Indebtedness, or permit Borrower to incur additional Indebtedness, all without notice to Debtor and without affecting in any manner the unconditional obligation of Debtor under this Agreement. Debtor unconditionally and
irrevocably waives each and every defense and setoff of any nature which, under principles of guaranty or otherwise, would operate to impair or diminish in any way the obligation of Debtor under this Agreement, and acknowledges that such waiver is
by this reference incorporated into each security agreement, collateral assignment, pledge and/or other document from Debtor now or later securing the Indebtedness, and acknowledges that as of the date of this Agreement no such defense or setoff
exists. 

  

	 	5.7	Debtor waives any and all rights (whether by subrogation, indemnity, reimbursement, or otherwise) to recover from Borrower any amounts paid or the value of any Collateral given by
Debtor pursuant to this Agreement. 

  

	 	5.8	 In the event that applicable law shall obligate Agent to give prior notice to Debtor of any action to be taken under this Agreement, Debtor agrees that a written
notice given to Debtor at least five days before the date of the act shall be reasonable notice of the act and, specifically, reasonable notification of the time and place of any public sale or of the time after which any private sale, lease, or
other disposition is to be made, unless a shorter notice period is reasonable under the circumstances. A notice shall be deemed to be given under this Agreement when delivered to Debtor or three business days after being placed in an envelope

  

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addressed to Debtor and deposited, with postage prepaid, in a post office or official depository under the exclusive care and custody of the United States
Postal Service or delivered to an overnight courier. The mailing shall be by overnight courier, certified, or first class mail. 

  

	 	5.9	Notwithstanding any prior revocation, termination, surrender, or discharge of this Agreement in whole or in part, the effectiveness of this Agreement shall automatically continue or
be reinstated in the event that any payment received or credit given by any Bank in respect of the Indebtedness is returned, disgorged, or rescinded under any applicable law, including, without limitation, bankruptcy or insolvency laws, in which
case this Agreement, shall be enforceable against Debtor as if the returned, disgorged, or rescinded payment or credit had not been received or given by such Bank, and whether or not such Bank relied upon this payment or credit or changed its
position as a consequence of it. In the event of continuation or reinstatement of this Agreement, Debtor agrees upon demand by Agent to execute and deliver to Agent those documents which Agent determines are appropriate to further evidence (in the
public records or otherwise) this continuation or reinstatement, although the failure of Debtor to do so shall not affect in any way the reinstatement or continuation. 

  

	 	5.10	This Agreement and all the rights and remedies of Agent under this Agreement shall inure to the benefit of Agent’s successors and assigns and to any other holder who derives
from Agent title to or an interest in the Indebtedness or any portion of it, and shall bind Debtor and the heirs, legal representatives, successors, and assigns of Debtor. Nothing in this Section 5.10 is deemed a consent by Agent to any
assignment by Debtor. 

  

	 	5.11	If there is more than one Debtor, all undertakings, warranties and covenants made by Debtor and all rights, powers and authorities given to or conferred upon Agent are made or given
jointly and severally. 

  

	 	5.12	Except as otherwise provided in this Agreement, all terms in this Agreement have the meanings assigned to them in Article 9 (or, absent definition in Article 9, in any other
Article) of the Uniform Commercial Code, as of the date of this Agreement. “Uniform Commercial Code” means Act No. 174 of the Michigan Public Acts of 1962, as amended. 

  

	 	5.13	No single or partial exercise, or delay in the exercise, of any right or power under this Agreement, shall preclude other or further exercise of the rights and powers under this
Agreement. The unenforceability of any provision of this Agreement shall not affect the enforceability of the remainder of this Agreement. This Agreement constitutes the entire agreement of Debtor and Agent with respect to the subject matter of this
Agreement. No amendment or modification of this Agreement shall be effective unless the same shall be in writing and signed by Debtor and an authorized officer of Agent. This Agreement shall be governed by and construed in accordance with the
internal laws of the State of Michigan, without regard to conflict of laws principles. 

  

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	 	5.14	To the extent that any of the Indebtedness is payable upon demand, nothing contained in this Agreement shall modify the terms and conditions of that Indebtedness nor shall anything
contained in this Agreement prevent Agent from making demand, without notice and with or without reason, for immediate payment of any or all of that Indebtedness at any time(s), whether or not an Event of Default has occurred.

 Debtor represents and warrants that Debtor’s exact name is the name set forth in this Agreement. Debtor further
represents and warrants the following and agrees that Debtor is a registered organization which is organized under the laws of one of the states comprising the United States (e.g. corporation, limited partnership, registered limited liability
partnership or limited liability company), and Debtor is located (as determined pursuant to the Uniform Commercial Code) in the state under the laws of which it was organized, which is: California. 
 If Collateral is located at other than the address specified above, such Collateral is located and shall be maintained at 
  

							
	 STREET ADDRESS
	  	 	  	 	  	 
				
	 CITY
	  	STATE	  	ZIP CODE	  	COUNTY

 Collateral shall be maintained only at the locations identified in this Section 5.15.

  

	 	5.15	A carbon, photographic or other reproduction of this Agreement shall be sufficient as a financing statement under the Uniform Commercial Code and may be filed by Agent in any filing
office. 

  

	 	5.16	This Agreement shall be terminated upon payment in full of the Liabilities (other than contingent indemnification obligations to the extent no unsatisfied claim giving rise thereto
has been asserted) and termination of the Credit Agreement only by the filing of a termination statement in accordance with the applicable provisions of the Uniform Commercial Code. 

  

	6.	DEBTOR AND AGENT ACKNOWLEDGE THAT THE RIGHT TO TRIAL BY JURY IS A CONSTITUTIONAL ONE, BUT THAT IT MAY BE WAIVED. EACH PARTY, AFTER CONSULTING (OR HAVING HAD THE OPPORTUNITY TO
CONSULT) WITH COUNSEL OF THEIR CHOICE, KNOWINGLY AND VOLUNTARILY, AND FOR THEIR MUTUAL BENEFIT WAIVES ANY RIGHT TO TRIAL BY JURY IN THE EVENT OF LITIGATION REGARDING THE PERFORMANCE OR ENFORCEMENT OF, OR IN ANY WAY RELATED TO, THIS AGREEMENT OR THE
INDEBTEDNESS. 

  

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	7.	Special Provisions Applicable to this Agreement. 

  

	 	(a)	In the exercise of its remedies set forth in Section 4.2 above, or as otherwise provided by law or agreement, upon the occurrence of an Event of Default, Bank may, at its
discretion and without prior notice to or consent of the undersigned, issue entitlement orders with respect to all or any part of the Collateral and/or terminate Debtor’s right to originate instructions and entitlement orders with respect to
the Account. 

  

	 	(b)	Debtor shall not withdraw or transfer any assets from the Account without the prior written consent of Bank. 

  

	 	(c)	So long as no Event of Default has occurred and is continuing hereunder, Debtor and/or its investment manager or authorized agent may trade and sell assets in the Account without
the prior written consent of Bank, provided that the proceeds of any assets sold or traded are deposited in or credited to the Account contemporaneously with such sale or trade. 

  

	 	(d)	Debtor shall reimburse Agent for the payment of, on demand, all costs and expenses, including without limitation, reasonable attorneys’ fees, incurred by Agent, in the
amendment, waiver or enforcement of this Agreement or the Amendment to Investment Assistance Agreement dated May 19, 2006 any Debtor, Bank and Comerica Bank acting through its Institutional Trust Department (“Account Control
Agreement”), in the protection of its rights under this Agreement or the Account Control Agreement or any action or proceeding relating to this Agreement or the Account Control Agreement. 

  

	 	(e)	“Credit Agreement” shall mean the Second Amended and Restated Credit Agreement dated May 19, 2006 by and among Comerica Bank, as Agent, the Borrowers and the lenders
party thereto, as amended, and as may be further amended or modified from time to time. 

  

			
	 Debtor:

	
	 QUANTUM FUEL SYSTEMS
 TECHNOLOGIES
WORLDWIDE, INC.

		
	By:	 	  
	 Its:
	 	  

  

 12Security Agreement, dated May 19, 2006, Comerican BAnk

 Exhibit 10.68 
 SECURITY AGREEMENT 
 This SECURITY AGREEMENT (“Security Agreement”) is made as of this
19th day of May, 2006 by and among Tecstar Automotive Group, Inc. (formerly known as Starcraft Corporation), an
Indiana corporation (the “Borrower”), Tecstar, L.P., an Indiana limited partnership, Wheel to Wheel, LLC, an Indiana corporation, Starcraft Automotive Group, Inc., an Indiana corporation, Powertrain Integration, LLC, an Indiana limited
liability company, Classic Design Concepts, LLC, an Indiana limited liability company, Tecstar Partners, LLC, an Indiana limited liability company, Wheel to Wheel Powertrain, LLC, a Michigan limited liability company, Quantum Fuel Systems
Technologies Worldwide, Inc. (“Quantum”), Regency Conversions, LLC, a Michigan limited liability company, Quantum Performance, LLC, a Michigan limited liability company, Unique Performance Concepts, LLC, a Michigan limited liability
company, Performance Concepts, LLC, a Michigan limited liability company, Troy Tooling, LLC, a Michigan limited liability company, Empire Coach Enterprises, LLC, a Michigan limited liability company, and such other persons or entities which from
time to time become parties hereto (collectively, including the Borrower, the “Debtors” and individually each a “Debtor”) and Comerica Bank, a Michigan banking corporation, as Agent for and on behalf of the Banks (as defined
below) (“Secured Party”). 
 RECITALS 
 A. WHEREAS, pursuant to that certain Second Amended and Restated Credit Agreement dated as of May 19, 2006 (as amended or otherwise modified from time to time, the “Credit Agreement”), among the
Borrower, each of the financial institutions party thereto (collectively, the “Banks”) and Secured Party, as Agent for the Banks, the Banks have agreed, subject to the satisfaction of certain terms and conditions, to make Advances to
Borrower of the Revolving Credit, the Swing Line and to provide for the issuance of Letters of Credit for the account of Borrower, individually, or jointly and severally with certain of the other Account Parties (as such terms are defined in the
Credit Agreement), as provided therein; and 
 B. WHEREAS, each of the Debtors (other than the Borrower) has executed and delivered a
guaranty (as amended or otherwise modified from time to time, the “Starcraft Guaranty”) of the obligations of the Borrower under the Credit Agreement and certain of the Debtors have executed and delivered to Comerica Bank, in its
individual capacity, guaranties of the obligations of Tecstar Manufacturing Canada Limited to Comerica Bank (the “Canada Guaranty” and together with the Starcraft Guaranty, collectively referred to as the “Guaranty”); and

 C. WHEREAS, the obligations of the Borrower under the Credit Agreement and the obligations of each other Debtor under the Guaranty are to
be secured pursuant to this Agreement. 

 NOW, THEREFORE, for and in consideration of the mutual promises, covenants and agreements hereinafter set
forth, the parties hereto agree as follows: 
  

	 	I.	Creation of Security Interest 

 As security for the
Indebtedness (hereinafter defined), each Debtor hereby pledges and grants to Secured Party, as Agent for and on behalf of Banks, a security interest in the following described property of Debtor (the “Collateral”): 
 (a) all inventory, goods (including returned or repossessed goods and all goods the sale of which gives rise to accounts receivable,
contract rights, chattel paper, general intangibles or instruments), merchandise and other personal property, in each case (i) whether now owned or hereafter produced, manufactured or acquired by such Debtor which are held for sale or lease or
are furnished or to be furnished under a contract of service or are raw materials, work in process or materials used or consumed or to be used or consumed in such Debtor’s business, and (ii) wherever located; 
 (b) all accounts; accounts receivable; contract rights; general intangibles; chattel paper and instruments (including without limitation
instruments evidencing any obligation to such Debtor for payment for goods sold or leased or services rendered or otherwise); deposit accounts; documents; rights to payment evidenced by chattel paper, documents or instruments; letters of credit;
letter of credit rights; supporting obligations; and the rights to payment for money or funds advanced or sold together with all payments thereon or thereunder; tax refunds; goodwill; licenses, permits and privileges; customer lists; rights of
indemnification; 
 (c) all machinery, equipment, furniture and other tangible personal property and fixtures of such Debtor,
together with all accessions, additions, accessories, parts and equipment now or hereafter affixed thereto or used in connection therewith; 
 (d) all patents, trademarks, copyrights and other intellectual property and proprietary rights, including without limitation those items of property listed in Schedule I hereto; 
 (e) all investment property of such Debtor; and 
 (f) the balance from time to time in all bank and depository accounts of such Debtor and all amounts in any lockbox or in any collateral
account, including all funds on deposit therein, all investments arising out of such funds, all claims thereunder or in connection therewith, and all cash, instruments, securities, rights and other property at any time and from time to time
received, receivable, or otherwise distributed in respect of such accounts, such funds or such investments; 
 (g) all
Software (for purposes of this Agreement, “Software” consists of all (i) computer programs and supporting information provided in connection with a transaction relating to the program, and (ii) computer programs embedded in goods
and any supporting information provided in connection with a transaction relating to the program whether or not the program is associated with the goods in such a manner that it customarily is considered part of the goods, and whether or not, by
becoming the owner of the goods, a person acquires a right to use the program in connection with the goods, 

  

 2 

 
and whether or not the program is embedded in goods that consist solely of the medium in which the program is embedded); 
 whether any such property is now owned or hereafter acquired or existing by such Debtor, and all records (including computer software) pertaining to the foregoing, and
all substitutions for, all proceeds and all products of the foregoing, including insurance proceeds, to the fullest extent permitted by law, subject in each case only to the Permitted Liens. The pledge and grant of a security interest in proceeds
hereunder shall not be deemed to give such Debtor any right to dispose of any of the Collateral, except in accordance with the terms of the Credit Agreement. 
  

	 	II.	Debtors’ Obligations 

 A. Payment of Secured
Indebtedness. The security interest created herein by each Debtor is given as security for the discharge and performance of the following obligations: all of such Debtor’s obligations contained in or arising under or in connection with the
Credit Agreement, any Note, any Guaranty, any Bank Hedging Agreement, any other Loan Document or any other document or instrument executed in connection therewith, howsoever created, arising or evidenced, whether direct or indirect, absolute or
contingent, now or hereafter existing, or due to become due, together with interest thereon; and also as security for all other indebtedness and liabilities, whether direct, indirect, absolute or contingent, owing by such Debtor to the Banks in any
manner and at any time, whether due or hereafter to become due, now owing or that may hereafter be incurred by such Debtor to or acquired by the Banks, and any judgments that may hereafter be rendered on such indebtedness or any part thereof, with
interest according to the rates and terms specified, or as provided by law, and any and all replacements, consolidations, amendments, renewals or extensions of the foregoing (collectively herein called the “Indebtedness”). 
 B. Protection of Collateral. Each Debtor shall take any and all reasonable steps required to protect the Collateral, and in pursuance thereof,
each such Debtor agrees that: 
 (1) The Collateral will at all times be maintained in accordance with the applicable terms of
the Credit Agreement. 
 (2) The Collateral described in Section I.(a) and (c) will be insured with insurance coverage by
financially sound and reputable insurers and in such forms and amounts and against such risks as prudent business judgment and then current practice would dictate for companies or professional enterprises engaged in the same or a similar business
and owning and operating similar properties. In the case of all such insurance policies, each such Debtor shall designate the Secured Party, on behalf of Banks, as mortgagee and loss payee and such policies shall provide that any loss be payable to
each such Debtor and Secured Party, on behalf of Banks, as mortgagee and loss payee, as their respective interests may appear. Further, upon the request of the Secured Party acting at the request of the Banks, each such Debtor shall deliver copies
of all said policies, including all endorsements thereon and those required hereunder, to Secured Party; and each such Debtor assigns to Secured Party, on behalf of Banks, as additional security hereunder, all its rights to receive proceeds of
insurance with respect to the Collateral, subject to clause (i) of this subsection II.B.(2). All such insurance shall, by its terms, provide that no cancellation, lapse (including without limitation any lapse for non-payment of premiums) or

  

 3 

 
material change in coverage shall become effective until thirty (30) days after receipt by Secured Party of written notice from the applicable carrier.
Each Debtor further shall provide Secured Party upon request with evidence reasonably satisfactory to Secured Party that each such Debtor is at all times in compliance with this paragraph. During the continuance of an Event of Default, Secured Party
may act as each such Debtor’s attorney-in-fact in obtaining, adjusting, settling and compromising such insurance and endorsing any drafts. Upon default in this covenant, Secured Party may procure such insurance and its costs therefor shall be
charged to Borrower, payable on demand, with interest at the highest rate set forth in the Credit Agreement and added to the Indebtedness secured hereby. The disposition of proceeds of any insurance on the Collateral (“Insurance Proceeds”)
shall be governed by the following: 
 (i) provided that no Event of Default has occurred and is continuing hereunder,
(a) if the amount of Insurance Proceeds in respect of any loss or casualty does not exceed Two Hundred Fifty Thousand Dollars ($250,000), such Debtor shall be entitled, in the event of such loss or casualty, to receive all such Insurance
Proceeds and to apply the same toward the replacement of the Collateral affected thereby; and (b) if the amount of Insurance Proceeds in respect of any loss or casualty exceeds Two Hundred Fifty Thousand Dollars ($250,000), such Insurance
Proceeds shall be paid to and received by Secured Party, for release to such Debtor for the replacement of the Collateral affected thereby or, upon written request of such Debtor (accompanied by reasonable supporting documentation), for such other
use or purpose as approved by the Majority Banks, in their reasonable discretion, it being understood and agreed in connection with any release of funds under this subparagraph (B), that the Secured Party and Majority Banks may impose reasonable and
customary conditions on the disbursement of such Insurance Proceeds; and 
 (ii) if an Event of Default has occurred or is
continuing hereunder, all Insurance Proceeds in respect of any loss or casualty shall be paid to and received by the Secured Party, to be applied by the Secured Party against the Indebtedness and/or to be held by the Secured Party as cash collateral
for the Indebtedness, as the Majority Banks may direct in their sole discretion and/or for replacement of the Collateral affected thereby, as the Majority Banks may direct in their sole discretion. 
 (3) The Collateral is located in the premises set forth on Schedule II, and will not be moved to premises other than those set forth on
Schedule II, and such other locations with respect to which each such Debtor shall have executed and delivered to Secured Party all financing statements and other documents and instruments necessary to perfect or continue the perfection of the
Secured Party’s security interest in the Collateral. Subject to the applicable terms of the Credit Agreement, upon request therefor by the Secured Party, each such Debtor will inform the Secured Party in writing of the whereabouts of the
Collateral and Debtor will promptly arrange for any inspections requested by the Secured Party, on behalf of Banks pursuant to the terms of the Credit Agreement; 
 (4) Each such Debtor shall comply with all applicable laws, rules, ordinances, regulations and orders of any governmental authority,
whether federal, state, local or foreign in effect from time to time with respect to the Collateral, to the full extent required under the Credit Agreement. 
  

 4 

 (5) Secured Party, on behalf of the Banks, may, subject to the applicable terms of the
Credit Agreement, examine and inspect the Collateral at any time wherever located. 
 C. Protection of Security Interest. Each Debtor
agrees that: 
 (1) Except as permitted by the Credit Agreement, it will not sell, transfer, lease or otherwise dispose of any
of the Collateral or any interest therein or offer to do so (other than the sale or lease of inventory in the ordinary course of business or as otherwise permitted by the Credit Agreement) without the prior written consent of Secured Party, given at
the written direction or with the written approval of the Majority Banks (or, if required by the terms of the Credit Agreement, all of the Banks), and will not create, incur, assume or suffer to exist any mortgage, pledge, encumbrance, security
interest, lien or charge of any kind upon any of the Collateral (or any interest therein or portion thereof), other than in favor of Secured Party, on behalf of the Banks and liens permitted under the Credit Agreement. 
 (2) It will, to the full extent required under the Credit Agreement, pay all taxes including, without limitation, any maintenance fees
payable on any registered patents and any fees in connection with any required filings in connection with any pending or registered trademarks, assessments, governmental charges and levies upon the Collateral or for its use or operation. 

(3) It will sign and execute alone or with Secured Party any financing statement or other document (including without limitation,
filings required in connection with any pending or registered trademark) or procure any documents and pay all connected costs, necessary to protect the security interest under this Security Agreement against the rights or interests of third persons.

 (4) It will reimburse Secured Party for all reasonable costs, including reasonable attorneys’ fees, incurred for any
action taken by Secured Party to remedy an Event of Default of Debtor which Secured Party elects to remedy pursuant to its rights under Paragraph IV hereof. 
 (5) It will, 
 (i) subject to Section 7.6 of the Credit Agreement, allow Secured Party, or any Bank, to examine, audit and inspect such Debtor’s books, accounts, and other records relating to the Collateral wherever located at all reasonable
times during normal business hours, upon oral or written request of Secured Party, and to make and take away copies of any and all such books, accounts, records and ledgers; 
 (ii) punctually and properly perform all of its covenants and duties under any other security agreement, mortgage, collateral document,
pledge agreement or contract of any kind now or hereafter existing as security for or in connection with payment of the Indebtedness, or any part thereof; 
 (iii) perform its obligations under and comply with the terms and provisions of the Credit Agreement and the other Loan Documents to which it is or may become a party; 
  

 5 

 (iv) keep, at the addresses designated on Schedule II and such additional addresses as
may be provided from time to time for its records, all records concerning the Collateral as required under the Credit Agreement, which records will be of such character as will enable Secured Party or its designees to determine at any time the
status of the Collateral; 
 (v) give Secured Party not less than 30 days prior written notice of all contemplated changes in
such Debtor’s name, legal structure, location, jurisdiction of formation, or chief executive office, or in the location of the Collateral or such Debtor’s records concerning same and, prior to making any such changes, file or cause to be
filed all financing statements or amendments or other documents or instruments determined by Secured Party to be necessary or appropriate to establish and maintain a valid first priority security interest in all the Collateral in accordance with the
terms hereof; 
 (vi) promptly furnish Secured Party with any information in writing which Secured Party may reasonably
request concerning the Collateral; 
 (vii) to the extent required under the Credit Agreement, promptly notify Secured Party
of any material claim, action or proceeding affecting the Collateral and title therein, or in any part thereof, or the security interest created herein, and, at the request of the Secured Party, appear in and defend, at such Debtor’s expense,
any such action or proceeding; 
 (viii) promptly, after being requested by Secured Party, pay to Secured Party the amount of
all reasonable expenses, including reasonable attorneys’ fees and other legal expenses, incurred by Secured Party pursuant to and in accordance with the Credit Agreement in protecting and maintaining the Collateral or its rights hereunder, or
in connection with any audit or inspection of the Collateral pursuant to the terms hereof, and in enforcing the security interest created herein; 
 (ix) allow Secured Party, upon and so long as there exists any Default or Event of Default, to correspond with its account debtors to confirm its accounts receivable and Obligors under any contracts; 
 (x) take such actions as Secured Party, in its sole discretion, deems necessary or appropriate to establish exclusive control (as defined
in the UCC) over any Collateral of such nature that perfection of Secured Party’s security interest may be established exclusively by control. 
 (6) With respect to any Collateral of a kind requiring an additional security agreement, financing statement, or other writing to perfect a security interest therein in favor of Secured Party, on behalf of Banks, such
Debtor will forthwith upon demand by Secured Party execute and deliver to Secured Party on behalf of Banks, whatever documentation the Secured Party or the requisite Banks shall reasonably deem necessary or proper for such purpose. Should any
covenant, duty or agreement of such Debtor fail to be performed in accordance with its terms hereunder resulting in an Event of Default, Secured Party may, but shall never be obligated to, perform or attempt to perform such covenant, duty or
agreement on behalf of such Debtor, and 

  

 6 

 
any amount expended by Secured Party in such performance or attempted performance shall become part of the Indebtedness, and, at the request of Secured
Party, such Debtor agrees to pay such amount to Secured Party upon demand at Secured Party’s office in Detroit, Michigan together with interest thereon at the highest rate at which interest accrues on amounts after the same become due pursuant
to the terms of the Credit Agreement, from the date of such expenditure by Secured Party until paid. With respect to any Collateral (other than goods) in which such Debtor acquires any rights subsequent to the date hereof and which, under applicable
law, a security interest can be perfected exclusively by possession, upon request of the Secured Party or the Majority Banks, such Debtor agrees to deliver possession of such Collateral to Secured Party immediately upon its acquisition of rights
therein. 
 (7) It will hold the proceeds of any of the Collateral (including accounts receivable and contracts) which is sold
other than in the ordinary course of such Debtor’s business (or otherwise as permitted under the Credit Agreement or this Agreement, subject to the terms thereof) in trust for Secured Party on behalf of the Banks, will not commingle said
proceeds with any other funds, and, after and during the continuance of an Event of Default, will deliver such proceeds to Secured Party immediately upon its request. 
 (8) It will not, except as permitted under the Credit Agreement, grant any rebate, refund, allowance or credit on any account receivable,
or on any amounts due under any accounts receivable, other than in the ordinary course of business, without Secured Party’s prior written consent. 
 (9) If Secured Party, acting in its sole discretion, redelivers any Collateral to such Debtor or such Debtor’s designee for the purpose of (i) the ultimate sale or exchange thereof, or (ii) presentation,
collection, renewal, or registration of transfer thereof, or (iii) loading, unloading, storing, shipping, transshipping, manufacturing, processing or otherwise dealing therewith preliminary to sale or exchange; such redelivery shall not
constitute a release of Secured Party’s security interest therein or in the proceeds thereof unless Secured Party, with the consent of the Banks, specifically so agrees in writing. If such Debtor requests any such redelivery, such Debtor will
deliver with such request a financing statement in form and substance satisfactory to Secured Party. 
 (10) Subject to the
applicable terms of the Credit Agreement, Debtor shall at the direction of the Secured Party take any and all other steps reasonably required under applicable law to perfect the lien and security interest established hereby in favor of Secured
Party, on behalf of the Banks, including without limitation the execution, delivery and/or performance of appropriate acknowledgments, governmental acknowledgments, registrations or approvals, financing statements and other documents and
instruments, and the registration, recording and/or filing of such instruments with such Persons and in such jurisdictions as necessary to perfect the security interest and lien established hereby. 
 (11) Secured Party or any agent of Secured Party may execute and file in the name of and on behalf of such Debtor all financing statements
or other filings deemed necessary or desirable by Secured Party to evidence, perfect or continue Secured Party’s security interests in the Collateral. 
  

 7 

 (12) Secured Party may take such actions in its own name or in such Debtor’s names
as Secured Party, in its sole discretion, deems necessary or appropriate to establish exclusive control (as defined in the UCC) over any Collateral of such nature that perfection of Secured Party’s security interest may be established by
control. 
 (13) It will take any and all actions required or reasonably requested by the Secured Party, from time to time, to
(i) cause the Secured Party to obtain exclusive control of any investment property owned by such Debtor in a manner reasonably acceptable to the Secured Party and (ii) obtain from any issuers of investment property and such other Persons,
for the benefit of the Secured Party, written confirmation of the Secured Party’s control over such investment property. For purposes of this Section C(13), the Secured Party shall have exclusive control of investment property if (i) such
investment property consists of certificated securities and a Debtor delivers such certificated securities to the Secured Party (with appropriate endorsements if such certificated securities are in registered form); (ii) such investment
property consists of uncertificated securities and either (x) a Debtor causes the issuer to register the Debtor’s pledge of the investment property on the issuer’s books and records or (y) the issuer thereof agrees, pursuant to
documentation in form and substance satisfactory to the Secured Party, that it will comply with instructions originated by the Secured Party without further consent by such Debtor; and (iii) such investment property consists of security
entitlements either (x) the Secured Party becomes the entitlement holder thereof or (y) the appropriate securities intermediary agrees, pursuant to the documentation in form and substance satisfactory to the Secured Party, that it will
comply with entitlement orders originated by the Secured Party without further consent by any Debtor. 
  

	 	III.	Collection of Proceeds - Remittance Basis. 

 (a) At any time upon the request of Secured Party (which request may only be made following the occurrence of an Event of Default), each Debtor shall at its sole expense maintain until the Agent acting in its sole discretion shall notify
Debtors that the Indebtedness is no longer required to be on a Remittance Basis a United States post office lock box (the “Lock Box”), to which Secured Party shall have exclusive access, and to which Debtors shall have no access. Each
Debtor expressly authorizes Secured Party, from time to time, to remove all contents from the Lock Box, for disposition in accordance with this Agreement. Each Debtor agrees to notify all account debtors and other parties obligated to it that all
payments made on any account, invoice or other Collateral (other than payments by electronic funds) shall be remitted, for the credit of such Debtor, to the Lock Box, and each such Debtor shall include a like statement on all invoices. Payments made
by electronic funds transfer shall be made directly to the Cash Collateral Account (defined below), and each such Debtor shall so instruct its account debtors and other parties obligated to it. Each Debtor shall execute all documents, authorizations
and other agreements necessary to establish the Lock Box, and Secured Party’s exclusive access thereto. 
 (b) Any and
all cash, checks, drafts and other instruments for the payment of money received by each Debtor at any time, in full or partial payment of any of the Collateral shall forthwith, upon receipt, be transmitted and delivered to Secured Party (properly
endorsed, where required, so that such items may be collected by Secured 

  

 8 

 
Party). Any such items received by a Debtor shall not be commingled with any other of such Debtor’s funds or property, but will be held separate and
apart from such Debtor’s own funds or property, and upon express trust for the benefit of Secured Party and the Banks until delivery is made to Secured Party. 
 (c) All items or amounts which are remitted to the Lock Box or otherwise delivered by or for the benefit of a Debtor to Secured Party on
account of partial or full payment of, or any other amount payable with respect to, any of the Collateral shall, at Secured Party’ s option, (i) be applied when received to the payment of the Swing Line Advances first and then the
Revolving Credit Advances and then the other Indebtedness, whether then due or not, or (ii) shall be deposited to the credit of a non-interest bearing deposit account in the name of Comerica Bank, as Secured Party, for the benefit of the
applicable Debtor (the “Cash Collateral Account”) to be established by each Debtor with Secured Party pursuant to this paragraph, as security for payment of the Indebtedness, provided, however, prior to the occurrence of an Event of
Default, collected funds in the Cash Collateral Account shall be applied to the payment of the Indebtedness each Business Day unless no Swing Line Advances or Prime-based Advances of the Revolving Credit are then outstanding in which case such funds
shall be held in the Cash Collateral Account until they can be applied to Swing Line Advances or Prime-based Advances of the Revolving Credit or, at the option of Debtor, deposited to an interest bearing account maintained in the name of Debtor with
Agent. No Debtor shall have any right whatsoever to withdraw any funds so deposited. Each Debtor further grants to Secured Party a first security interest in and lien on all funds on deposit in such account. To the extent collected funds remain at
any time on deposit in the Cash Collateral Account after payment and discharge in full of the Indebtedness, Secured Party shall release such surplus collected funds to Debtor. Each Debtor hereby irrevocably authorizes and directs Secured Party to
endorse all items received for deposit to the Cash Collateral Account, notwithstanding the inclusion on any such item of a restrictive notation, e.g., “paid in full”, “balance of account”, or other restriction. 
 (d) Each Debtor agrees that neither Secured Party nor any Bank shall be liable for any loss or damage which Debtor suffer or may suffer as
a result of Secured Party’s processing of items or its exercise of any other rights or remedies under this Agreement, including without limitation indirect, special or consequential damages, loss of revenues or profits, or any claim, demand or
action by any third party arising out of or in connection with the processing of items or the exercise of any other fights or remedies hereunder, except for direct damages which arise from Secured Party’s or any Bank’s gross negligence or
willful misconduct. Each Debtor further agrees to indemnity and hold Secured Party and the Banks harmless from and against all such third party claims, demands or actions, including without limitation litigation costs and reasonable attorney fees,
except with respect to such claims, demands and actions which arise from Secured Party’s or any Bank’s gross negligence or willful misconduct. 
  

 9 

	 	IV.	Default 

 The terms “Default” and
“Event of Default”, as used herein, shall mean the occurrence and continuance of a Default or an Event of Default, as the case may be, under the Credit Agreement. 
  

	 	V.	Secured Party’s Rights and Remedies. 

 In
addition to its rights and remedies under the Credit Agreement and the other Loan Documents, and under applicable law, Secured Party shall have available to it the following rights and remedies upon occurrence and during the continuance of an Event
of Default: 
 A. Right to Discharge Debtor’s Obligations. Secured Party may, with the approval of the Majority Banks, discharge
taxes, liens or security interests or other encumbrances at any time levied or placed on the Collateral in violation of the terms hereof, whether senior or junior to the security interest herein granted, may remedy or cure any default of a Debtor
under the terms of any lease, rental agreement, land contract or other document which in any way pertains to or affects such Debtor’s title to or interest in any of the Collateral, may pay for insurance on the Collateral, and may pay for the
maintenance and preservation of the Collateral, unless such Debtor is contesting in good faith such obligations, and such Debtor agrees to reimburse Secured Party, on demand, for any payment made or any expense incurred by Secured Party pursuant to
the foregoing authorization, with interest, which payments and expenses shall be secured by the Collateral. 
 B. Remedies and
Enforcement. Secured Party shall have and may exercise, at the direction or with the approval of the Majority Banks, any and all rights of enforcement and remedies afforded to a secured party under the UCC or other applicable uniform commercial
code (or other applicable law), to the full extent permitted by applicable law, on the date of this Security Agreement or the date of such Debtor’s default, together with any and all other rights and remedies otherwise provided and available to
Secured Party by applicable law unless such application would result in the invalidity or unenforceability of any provision hereof, in which case the law of the state in which any of the Collateral is located shall apply to the extent necessary to
render such provision valid and enforceable; and, in conjunction with, in addition to, or substitution for those rights, Secured Party may, at the direction or with the approval of the Majority Banks, or with respect to subparagraph (3) below),
all of the Banks: 
 (1) Enter upon such Debtor’s premises to take possession of, assemble, collect and/or dispose of the
Collateral and, if Secured Party elects to do, to apply any of the Collateral against any of the Indebtedness secured hereby; 
 (2) Require such Debtor to assemble the Collateral and make it available at a place Secured Party designates to allow Secured Party to take possession or dispose of the Collateral; 
 (3) Waive any default, or remedy any default, without waiving its rights and remedies upon default and without waiving any other prior or
subsequent default; 
 (4) Without any notice to any Debtor, notify any parties obligated on any of the Collateral to make
payment to the Secured Party, on behalf of the Banks, of any amounts due or to become due thereunder and enforce collection of any of the Collateral by suit or otherwise 

  

 10 

 
and surrender, release or exchange all or any part thereof, or compromise or extend or renew for any period (whether or not longer than the original period)
the indebtedness thereunder or evidenced thereby. Upon request of the Secured Party, each Debtor will, at its own expense, notify any parties obligated to such Debtor on any of the Collateral to make payment to the Secured Party of any amounts due
or to become due thereunder, and indicate on all billings to such account debtors that their accounts must be paid to or as directed by Secured Party. Each Debtor agrees that neither Secured Party nor the Banks shall be liable for any loss or damage
which such Debtor suffers or may suffer as a result of Secured Party’s processing of items or its exercise of any other rights or remedies under this Security Agreement, including without limitation indirect, special or consequential damages,
loss of revenues or profits, or any claim, demand or action by any third party not related to or affiliated with such Debtor arising out of or in connection with the processing of items (excluding only the claims of such third parties in connection
with the processing of items to the extent arising solely from the gross negligence or willful misconduct of Secured Party) or the exercise of any other rights or remedies hereunder. Each Debtor further agrees to indemnify and hold Secured Party and
the Banks harmless from and against all such third party claims, demands or actions, including without limitation litigation costs and reasonable attorneys’ fees, excepting only those claims, demands and actions to the extent arising solely as
a result of the gross negligence or willful misconduct of Secured Party or any of the Banks; 
 (5) Appoint any officer or
agent of Secured Party as a Debtor’s true and lawful proxy and attorney-in-fact, with power, upon the occurrence and during the continuance of any Event of Default; to endorse such Debtor’s name or any of its officers or agents upon any
notes, checks, drafts, money orders, or other instruments of payment (including payments payable under any policy of insurance on the Collateral) or Collateral that may come into possession of the Secured Party in full or part payment of any amounts
owing to the Banks; to sign and endorse the name of such Debtor and/or any of its officers or agents upon any invoice, freight or express bill, bill of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications and
notices in connection with accounts, and any instrument or document relating thereto or to such Debtor’s rights therein; to execute on behalf of such Debtor any financing statements, amendments, subordinations or other filings pursuant to the
Credit Agreement, this Security Agreement or the other Loan Documents; each Debtor hereby granting unto Secured Party on behalf of the Banks upon the occurrence and during the continuance of an Event of Default, as the proxy and attorney-in-fact of
such Debtor, full power to do any and all things necessary to be done in and about the premises as fully and effectually as such Debtor might or could do, and hereby ratifying all that said proxy and attorney shall lawfully do or cause to be done by
virtue hereof. The proxy and power of attorney described herein shall be deemed to be coupled with an interest and shall be irrevocable for the entire term of the Credit Agreement, the Notes and all transactions thereunder and thereafter as long as
any Indebtedness or any of the commitments to lend (whether optional or obligatory) remain outstanding. The Secured Party shall have full power to collect, compromise, endorse, sell or otherwise deal with the Collateral or proceeds thereof on behalf
of the Banks in its own name or in the name of such Debtor. 
  

 11 

 C. Right of Sale. 
 (1) Each Debtor agrees that upon the occurrence and continuance of an Event of Default, Secured Party may, at its option, sell and dispose
of the Collateral at public or private sale without any previous demand of performance. Each Debtor agrees that notice of such sale sent to such Debtor’s address, as set forth on the signature pages attached hereto, by certified or registered
mail sent at least five (5) Business Days prior to such sale, shall constitute reasonable notice of sale. The foregoing shall not require notice if none is necessary under applicable law. The proceeds of sale shall be applied in the following
order: 
 (i) to all reasonable costs and charges incurred by Secured Party in the taking and causing the removal and sale of
said property, including such reasonable attorneys’ fees as shall have been incurred by Secured Party; 
 (ii) to the
Indebtedness, including without limitation all accrued interest thereon, premiums and make whole amounts, if any, in the order set forth in the Credit Agreement; and 
 (iii) any surplus of such proceeds remaining shall be paid to such Debtor, or to such other party who shall lawfully be entitled thereto.

 Each Debtor agrees that Secured Party shall be under no obligation to accept any noncash proceeds in connection with any sale or
disposition of Collateral unless failure to do so would be commercially unreasonable. If Secured Party agrees in its sole discretion to accept noncash proceeds (unless the failure to do so would be commercially unreasonable), Secured Party may
ascribe any commercially reasonable value to such proceeds. Without limiting the foregoing, Secured Party may apply any commercially reasonable discount factor in determining the present value of proceeds to be received in the future or may elect to
apply proceeds to be received in the future only as and when such proceeds are actually received in cash by Bank. 
 (2) At
any sale or sales made pursuant to this Security Agreement or in a suit to foreclose the same, the Collateral may be sold en masse or separately, at the same or at different times, at the option of the Secured Party or its assigns. Such sale may be
public or private with notice as required by the Uniform Commercial Code as then in effect in the state in which the Collateral is located, and the Collateral need not be present at the time or place of sale. At any such sale, the Secured Party may
bid for and purchase any of the property sold, notwithstanding that such sale is conducted by the Secured Party or its attorneys, agents, or assigns. At any sale or other disposition of Collateral pursuant to this Agreement, Bank disclaims all
warranties which would otherwise be given under the UCC, including without limit a disclaimer of any warranty relating to title, possession, quiet enjoyment or the like, and Bank may communicate these disclaimers to a purchaser at such disposition.
This disclaimer of warranties will not render the sale commercially unreasonable. 
 (3) The following shall be the basis for
any finder of fact’s determination of the value of any Collateral which is the subject matter of a disposition giving rise to a calculation of any surplus or deficiency under Section 9-615 (f) of the UCC: (a) the Collateral which
is the subject matter of the disposition shall be valued in an “as is” condition as of the date of the disposition, without any assumption or expectation that such Collateral will be repaired or improved in any manner; (b) the
valuation shall be based upon an assumption that the transferee 

  

 12 

 
of such Collateral desires a resale of the Collateral for cash promptly (but no later than 30 days) following the disposition; (c) all reasonable
closing costs customarily borne by the seller in commercial sales transactions relating to property similar to such Collateral shall be deducted including, without limitation, brokerage commissions, tax prorations, attorneys’ fees, whether
inside or outside counsel is used, and marketing costs; (d) the value of the Collateral which is the subject matter of the disposition shall be further discounted to account for any estimated holding costs associated with maintaining such
Collateral pending sale (to the extent not accounted for in (c) above), and other maintenance, operational and ownership expenses; and (e) any expert opinion testimony given or considered in connection with a determination of the value of
such Collateral must be given by persons having at least 5 years experience in appraising property similar to the Collateral and who have conducted and prepared a complete written appraisal of such Collateral taking into consideration the factors
set forth above. The “value” of any such Collateral shall be a factor in determining the amount of proceeds which would have been realized in a disposition to a transferee other than a secured party, a person related to a secured party or
a secondary obligor under Section 9-615(f). 
 D. Miscellaneous. Secured Party shall have the right at all times to enforce the
provisions of this Security Agreement, on behalf of Banks, in strict accordance with the terms hereof, notwithstanding any conduct or custom on the part of Secured Party or any of the Banks in refraining from so doing at any time or times. The
failure of Secured Party or any of the Banks at any time or times to enforce its rights under said provisions strictly in accordance with the same shall not be construed as having created a custom in any way or manner contrary to the specific
provisions of this Security Agreement or as having in any way or manner modified the same. All rights and remedies of Secured Party and Banks hereunder shall be cumulative and concurrent, and the exercise of one right or remedy shall not be deemed a
waiver or release of any other right or remedy. 
  

	 	VI.	Representations, Warranties and Covenants of Debtors. 

 Each Debtor represents and warrants, and, after the date hereof, covenants so long as any of the Credit Agreement, the Notes or Letter of Credit Agreements remain in effect other than with respect to contingent indemnification obligations
to the extent no claim has been asserted, that: 
 A. Such Debtor is a registered organization under the laws of one of the states comprising
the United States and such Debtor is located (as determined under the UCC) in the state under the laws of which it was organized, which is set forth in Schedule III hereto; 
 B. Each other location where Debtor maintains a place of business is set forth on Schedule IV; 
 C. No financing statement covering the Collateral, or any part thereof, has been or will be filed with any filing officer, except as permitted under the
Credit Agreement. No person, other than Secured Party, has possession or control (as defined in the UCC) of any Collateral of such nature that perfection of a security interest may be accomplished by control. 
  

 13 

 D. No other agreement, pledge or assignment covering the Collateral, or any part thereof, has been or
will be made and no security interest, other than the one created hereby or pursuant to security agreements and pledges previously made in favor of Secured Party on behalf of the Banks, has or will be attached or has been or will be perfected in the
Collateral or in any part thereof, except as permitted under the Credit Agreement. 
 E. No material dispute, right of setoff, counterclaim
or defenses exist with respect to any part of the Collateral (excluding accounts, accounts receivable and rights to payment for services rendered), except as permitted under the Credit Agreement. 
 F. At the time Secured Party’s security interest attaches to any of the Collateral or its proceeds, such Debtor will be the lawful owner thereof
with the right to transfer any interest therein, such Collateral is free and clear of all liens other than the one created hereby or permitted by the Credit Agreement and that such Debtor will make such further assurances to prove its title to the
Collateral as may be reasonably required, will keep such Collateral free and clear of all liens other than the one created hereby and liens permitted by the Credit Agreement, and will take such action to defend the Collateral and its proceeds
against the lawful claims and demands of all persons whomsoever. The delivery at any time by such Debtor to Secured Party of Collateral, or financing statements covering any Collateral shall constitute a representation and warranty by such Debtor
under this Security Agreement that, with respect to such Collateral, and each item thereof, such Debtor is owner of the Collateral and the matters heretofore warranted in this paragraph are true and correct in all material respects. 
 G. The representations and warranties contained in any of the Credit Agreement are incorporated by reference herein and are all made as of the date
hereof. 
 H. It shall, if applicable, contemporaneously with the execution and delivery of this Agreement, execute and deliver to the Agent
an Agreement (Trademark), an Agreement (Patent) and an Agreement (Copyright) in the form of Exhibits A-1, A-2 and A-3 hereto, and shall execute and deliver to the Agent any other document required to acknowledge or register or perfect the
Agent’s and the Banks’ interest in any of the Collateral described in Section I(d). 
  

	 	VII.	Mutual Agreements. 

 Each Debtor and Secured Party
mutually agree as follows: 
 A. “Debtor” and “Secured Party” as used in this Security Agreement include the successors
and permitted assigns of those parties. 
 B. To the extent permitted by applicable law, except as otherwise provided herein, the law
governing this Security Agreement shall be that of the State of Michigan. 
 C. This Security Agreement includes all amendments and
supplements hereto and all assignments hereof, provided, that such Debtor and Secured Party shall not be bound by any amendment hereto unless such amendment is expressed in a writing executed by each of them. 
  

 14 

 D. All capitalized or other terms not specifically defined herein are used as defined in the Credit
Agreement. To the extent not inconsistent therewith, all such terms shall also be construed in conformity with the UCC or other applicable Uniform Commercial Code. 
 E. The security interest granted under this Security Agreement shall be a continuing security interest in every respect (whether or not the outstanding balance of the Indebtedness is from time to time temporarily
reduced to zero) and Secured Party’s security interest in the Collateral as granted herein shall continue in full force and effect for the entire duration that the Credit Agreement remains in effect (other than to the extent in effect only with
respect to contingent indemnification obligations with respect to which no claim has been asserted) and until all of the Indebtedness is repaid and discharged in full, and no commitment (whether optional or obligatory) to extend any credit under the
Credit Agreement or any of the Notes remains outstanding. 
 F. THE PARTIES HERETO ACKNOWLEDGE THAT THIS SECURITY AGREEMENT IS SUBJECT TO
THE MUTUAL WAIVER OF JURY TRIAL CONTAINED IN THE APPLICABLE PROVISIONS OF THE CREDIT AGREEMENT AND THE GUARANTY, AS APPLICABLE. 
 G.
Each of the Debtors hereby irrevocably submits to the non-exclusive jurisdiction of any United States Federal Court or Michigan state court sitting in Detroit, Michigan in any action or proceeding arising out of or relating to this Security
Agreement and hereby irrevocably agrees that all claims in respect of such action or proceeding may be heard and determined in any such United States Federal Court or Michigan state court. Each Debtor irrevocably consents to the service of any and
all process in any such action or proceeding brought in any court in or of the State of Michigan by the delivery of copies of such process to such Debtor at its address specified in Schedule II hereto or by certified mail directed to such address.
Nothing in this paragraph shall affect the right of the Banks and the Secured Party to serve process in any other manner permitted by law or limit the right of the Banks or the Secured Party (or any of them) to bring any such action or proceeding
against any of the Debtors or any of its or their property in the courts of any other jurisdiction. Each of the Debtors hereby irrevocably waives any objection to the laying of venue of any such suit or proceeding in the above described courts.

 H. This Agreement amends and restates in its entirety the Security Agreement dated September 9, 2005 by and among Debtors and Bank.

 [signatures follow on succeeding pages] 
  

 15 

 IN WITNESS WHEREOF, each of the undersigned Debtors and Secured Party have executed this Security
Agreement as of the day and year first above written. 
  

			
	 DEBTORS:

	
	TECSTAR AUTOMOTIVE GROUP, INC.
		
	By:	 	  
	Its:	 	  
	
	QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE, INC.
		
	By:	 	  
	Its:	 	  
	
	TECSTAR, L.P.
		
	By:	 	  
	Its:	 	  
	
	WHEEL TO WHEEL, LLC
		
	By:	 	  
	Its:	 	  

  

 16 

			
	STARCRAFT AUTOMOTIVE GROUP, INC.
		
	By:	 	  
	Its:	 	  
	
	POWERTRAIN INTEGRATION, LLC
		
	By:	 	  
	Its:	 	  
	
	CLASSIC DESIGN CONCEPTS, LLC
		
	By:	 	  
	Its:	 	  
	
	TECSTAR PARTNERS, LLC
		
	By:	 	  
	Its:	 	  
	
	WHEEL TO WHEEL POWERTRAIN, LLC
		
	By:	 	  
	Its:	 	  

  

 17 

			
	REGENCY CONVERSIONS, LLC
		
	By:	 	  
	Its:	 	  
	
	QUANTUM PERFORMANCE, LLC
		
	By:	 	  
	Its:	 	  
	
	UNIQUE PERFORMANCE CONCEPTS, LLC
		
	By:	 	  
	Its:	 	  
	
	PERFORMANCE CONCEPTS, LLC
		
	By:	 	  
	Its:	 	  
	
	TROY TOOLING, LLC
		
	By:	 	  
	Its:	 	  

			
	EMPIRE COACH ENTERPRISES, LLC
		
	By:	 	  
	Its:	 	  

  

			
	ACCEPTED BY SECURED PARTY:
	
	COMERICA BANK, as Agent for the Banks
		
	By:	 	  
		 	Paul DeBono
	Its:	 	Vice President

  

			
	The undersigned are executing a counterpart hereof for purposes of becoming parties hereto:
	
	[FUTURE SUBSIDIARY]
		
	By:	 	  
	Its:	 	  

 Schedule I 
 Intellectual Property 
 (See attached) 

 Schedule II 
 Location of Collateral 

 Schedule III 
 Each Debtor’s chief executive office, 
 principal place of business and location 
 of organization 

 Schedule IV 
 Locations of Place of Business 

 EXHIBIT A-1 
 to Security Agreement 
 AGREEMENT 
 (Trademark) 
 THIS AGREEMENT (TRADEMARK) (this “Agreement”), dated as
of May 19, 2006, between (“Company” and sometimes a “Debtor”), and Comerica Bank in its capacity as agent for the Banks referred to below. 
 W I T N E S S E T H 
 A. WHEREAS, pursuant to that certain Second Amended and Restated Credit
Agreement dated as of May 19, 2006 (as amended or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, each of the financial institutions party thereto (collectively, the “Banks”) and Secured
Party, as Agent for the Banks, the Banks have agreed, subject to the satisfaction of certain terms and conditions, to make Advances to Borrower and to provide for the issuance of Letters of Credit for the account of Borrower, individually, or
jointly and severally with certain of the other Account Parties (as such terms are defined in the Credit Agreement), as provided therein; and 
 B. WHEREAS, in connection with the Credit Agreement, the Debtors have executed and delivered a Security Agreement, dated as of the date hereof (as amended or otherwise modified from time to time, the “Security Agreement”); and

 C. WHEREAS, as a condition precedent to the making of the initial Advances under the Credit Agreement, the Debtors are required to execute
and deliver this Agreement and to further confirm the grant to the Secured Party for the benefit of the Banks a continuing security interest in all of the Trademark Collateral (as defined below) to secure all Indebtedness. 
 NOW, THEREFORE, for good and valuable consideration the receipt of which is hereby acknowledged, and in order to induce the Banks to make Advances
(including the initial Advance) to the Borrower pursuant to the Credit Agreement, each of the Debtors agrees, for the benefit of the Banks, as follows: 
 SECTION 1. Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including its preamble and recitals, have the meanings provided in the Security
Agreement. 

 SECTION 2. Grant of Security Interest. For good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, to secure all of the Indebtedness, each of the Debtors does hereby mortgage, pledge and hypothecate to the Secured Party for the benefit of the Banks, and grant to the Secured Party for the benefit of
the Banks a security interest in, all of the following property (the “Trademark Collateral”), whether now owned or hereafter acquired or existing: 
 (a) all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks,
certification marks, collective marks, logos, other source of business identifiers, prints and labels on which any of the foregoing have appeared or appear, designs and general intangibles of a like nature (all of the foregoing items in this
clause (a) being collectively called a “Trademark”) now existing anywhere in the world or hereafter adopted or acquired, whether currently in use or not, all registrations and recordings thereof and all applications in
connection therewith, whether pending or in preparation for filing, including registrations, recordings and applications in the United States Patent and Trademark Office or in any office or agency of the United States of America or any State thereof
or any foreign country, including those referred to in Item A of Attachment 1 hereto; 
 (b) all Trademark
licenses, including each Trademark license referred to in Item B of Attachment 1 hereto; 
 (c) all renewals of
any of the items described in clauses (a) and (b); 
 (d) all of the goodwill of the business connected
with the use of, and symbolized by the items described in, clauses (a) and (b); and 
 (e) all proceeds of,
and rights associated with, the foregoing, including any claim by the Debtors against third parties for past, present, or future infringement or dilution of any Trademark, Trademark registration, or Trademark license, including any Trademark,
Trademark registration or Trademark license referred to in Item A and Item B of Attachment 1 hereto, or for any injury to the goodwill associated with the use of any Trademark or for breach or enforcement of any Trademark
license. 
 SECTION 3. Security Agreement. This Agreement has been executed and delivered by the Debtors for the purpose of
registering the security interest of the Secured Party and the Banks in the Trademark Collateral with the United States Patent and Trademark Office and corresponding offices in other countries of the world. The security interest granted hereby has
been granted as a supplement to, and not in limitation of, the security interest granted to the Secured Party and the Banks under the Security Agreement. The Security Agreement (and all rights and remedies of the Secured Party and the Banks
thereunder shall remain in full force and effect in accordance with its terms. 
 SECTION 4. Release of Security Interest. Upon
payment in full of all Indebtedness (other than with respect to contingent indemnification obligations to the extent no claim has been asserted) and commitment (whether optional or obligatory) to extend any credit under the Credit Agreement has been
terminated, the Secured Party shall, at the Debtors’ expense, execute and deliver to the Debtors all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Trademark Collateral which
has been granted hereunder. 
 SECTION 5. Acknowledgment. Each of the Debtors does hereby further acknowledge and affirm that the
rights and remedies of the Secured Party for the benefit of the Banks with 

  

 2 

 
respect to the security interest in the Trademark Collateral granted hereby are more fully set forth in the Security Agreement, the terms and provisions of
which (including the remedies provided for therein) are incorporated by reference herein as if fully set forth herein. 
 SECTION 6. Loan
Documents, etc. This Agreement is a Loan Document executed pursuant to the Credit Agreement and shall (unless otherwise expressly indicated herein) be construed, administered and applied in accordance with the terms and provisions of the Credit
Agreement. 
 SECTION 7. Counterparts. This Agreement may be executed by the parties hereto in several counterparts, each of which
shall be deemed to be an original and all of which shall constitute together but one and the same agreement. 
 IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be duly executed and delivered by their respective officers thereunto duly authorized as of the day and year first above written. 
  

			
	DEBTOR:
	[                                      
                      ]
		
	By: 	 	  
	Its: 	 	  

			
	Address: 	 	  
		 	  

			
	Attention: 	 	  
	Facsimile No.: 	 	  

			
	
	COMERICA BANK, as Agent for the Banks
		
	By: 	 	  
	Title: 	 	  

			
	Address: 	 	  
		 	  
		 	  

			
	Attention: 	 	  
	Facsimile No: 	 	(313)
                                       
 

 Trademark Agreement 
  

 3 

 ATTACHMENT 1 
 to 
 Agreement 
 (Trademark) 
  

	Item A.	Trademarks 

 Registered Trademarks

  

							
	Country	 	Trademark	 	Registration No.	 	 
	  
 Pending Trademark Applications
  

	Country	 	Trademark	 	Serial No.	 	 
	  
 Expired, Abandoned or Cancelled Trademarks
  

	Country	 	Trademark	 	Registration No./Serial No.	 	 
	  
 Trademark Applications in Preparation
  

	Country	 	Trademark	 	Products/Services	 	 

  

	Item B.	Trademark Licenses 

 EXHIBIT A-2 
 to Security Agreement 
 AGREEMENT 
 (Patent) 
 THIS AGREEMENT (PATENT) (this “Agreement”), dated as of
May 19, 2006, between _______________________ (“Company” and sometimes a “Debtor”), and Comerica Bank in its capacity as agent for the Banks referred to below. 
 W I T N E S S E T H 
 A. WHEREAS, pursuant to that certain Second Amended and
Restated Credit Agreement dated as of May 19, 2006 (as amended or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, each of the financial institutions party thereto (collectively, the
“Banks”) and Secured Party, as Agent for the Banks, the Banks have agreed, subject to the satisfaction of certain terms and conditions, to make Advances to Borrower and to provide for the issuance of Letters of Credit for the account of
Borrower, individually, or jointly and severally with certain of the other Account Parties (as such terms are defined in the Credit Agreement), as provided therein; and 
 B. WHEREAS, in connection with the Credit Agreement, the Debtors have executed and delivered a Security Agreement, dated as of the date hereof (as amended or otherwise modified from time to time, the “Security
Agreement”); and 
 C. WHEREAS, as a condition precedent to the making of the initial Advances under the Credit Agreement, the Debtors
are required to execute and deliver this Agreement and to further confirm the grant to the Secured Party for the benefit of the Banks a continuing security interest in all of the Patent Collateral (as defined below) to secure all Indebtedness.

 NOW, THEREFORE, for good and valuable consideration the receipt of which is hereby acknowledged, and in order to induce the Banks to make
Advances (including the initial Advance) to the Borrower pursuant to the Credit Agreement, each of the Debtors agrees, for the benefit of the Banks, as follows: 
 SECTION 1. Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including its preamble and recitals, have the meanings provided in the Security
Agreement. 
 SECTION 2. Grant of Security Interest. For good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, to secure all of the Indebtedness, each of the Debtors does hereby mortgage, pledge and hypothecate to the Secured Party for the benefit of the Banks, and grant to the Secured Party for the benefit of the Banks a security
interest in, all of the following property (the “Patent Collateral”), whether now owned or hereafter acquired or existing: 
 (a) all letters patent and applications for letters patent throughout the world, including all patent applications in preparation for filing anywhere in the world and including each patent and patent application
referred to in Item A of Attachment 1 hereto; 

 (b) all patent licenses, including each patent license referred to in Item B of
Attachment 1 hereto; 
 (c) all reissues, divisions, continuations, continuations-in-part, extensions, renewals and
reexaminations of any of the items described in the foregoing clauses (a) and (b); and 
 (d) all proceeds of, and rights
associated with, the foregoing (including license royalties and proceed of infringement suits), the right to sue third parties for past, present or future infringements of any patent or patent application, including any patent or patent application
referred to in Item A of Attachment 1 hereto, and for breach or enforcement of any patent license, including any patent license referred to in Item B of Attachment 1 hereto, and all rights corresponding thereto throughout the world. 
 SECTION 3. Security Agreement. This Agreement has been executed and delivered by the Debtors for the purpose of registering the security interest
of the Secured Party and the Banks in the Patent Collateral with the United States Patent and Trademark Office and corresponding offices in other countries of the world. The security interest granted hereby has been granted as a supplement to, and
not in limitation of, the security interest granted to the Secured Party and the Banks under the Security Agreement. The Security Agreement (and all rights and remedies of the Secured Party and the Banks thereunder) shall remain in full force and
effect in accordance with its terms. 
 SECTION 4. Release of Security Interest. Upon payment in full of all Indebtedness (other than
with respect to contingent indemnification obligations to the extent no claim has been asserted) and commitment (whether optional or obligatory) to extend any credit under the Credit Agreement has been terminated, the Secured Party shall, at the
Debtors’ expense, execute and deliver to the Debtors all instruments and other documents as may be necessary or proper to release the lien on and security interest in the Patent Collateral which has been granted hereunder. 
 SECTION 5. Acknowledgment. Each of the Debtors does hereby further acknowledge and affirm that the rights and remedies of the Secured Party for
the benefit of the Banks with respect to the security interest in the Patent Collateral granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which (including the remedies provided for therein) are
incorporated by reference herein as if fully set forth herein. 
 SECTION 6. Loan Documents, etc. This Agreement is a Loan Document
executed pursuant to the Credit Agreement and shall (unless otherwise expressly indicated herein) be construed, administered and applied in accordance with the terms and provisions of the Credit Agreement. 
  

 2 

 SECTION 7. Counterparts. This Agreement may be executed by the parties hereto in several
counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their respective officers thereunto duly authorized as of the day and year first above written. 
  

			
	DEBTOR:
	[                                      
                      ]
		
	By: 	 	  
	Its: 	 	  

			
	Address: 	 	  
		 	  

			
	Attention: 	 	  
	Facsimile No.: 	 	  

			
	
	COMERICA BANK, as Agent for the Banks
		
	By: 	 	  
	Title: 	 	  

			
	Address: 	 	  
		 	  
		 	  

			
	Attention: 	 	  
	Facsimile No: 	 	(313)
                                    

  

 3 

 Attachment 1 
 to Agreement (Patent) 
 Patents (including letters patent and applications for letters patent): 
  

							
	Country	 	Patent	 	Patent No.	 	Issue Date
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	

 Patent licenses: 
  

 4 

 EXHIBIT A-3 
 to Security Agreement 
 AGREEMENT 
 (Copyright) 
 THIS AGREEMENT (COPYRIGHT) (this “Agreement”), dated as
of May 19, 2006, between _____________________ (the “Debtor”) and Comerica Bank in its capacity as Agent for the Banks referred to below (“Secured Party”). 
 W I T N E S S E T H 
 A. WHEREAS, pursuant to that certain Second Amended and
Restated Credit Agreement dated as of May 19, 2006 (as amended or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, each of the financial institutions party thereto (collectively, the
“Banks”) and Secured Party, as Agent for the Banks, the Banks have agreed, subject to the satisfaction of certain terms and conditions, to make Advances to Borrower and to provide for the issuance of Letters of Credit for the account of
Borrower, individually, or jointly and severally with certain of the other Account Parties (as such terms are defined in the Credit Agreement), as provided therein; and 
 B. WHEREAS, in connection with the Credit Agreement, the Debtors have executed and delivered a Security Agreement, dated as of the date hereof (as amended or otherwise modified from time to time, the “Security
Agreement”); and 
 C. WHEREAS, as a condition precedent to the making of the initial Advances under the Credit Agreement, the Debtors
are required to execute and deliver this Agreement and to further confirm the grant to the Secured Party for the benefit of the Banks a continuing security interest in all of the Copyright Collateral (as defined below) to secure all Secured
Obligations. 
 NOW, THEREFORE, for good and valuable consideration the receipt of which is hereby acknowledged, and in order to induce the
Banks to make Advances (including the initial Advance) to the Company pursuant to the Credit Agreement, Debtors agree, for the benefit of the Banks, as follows: 
 SECTION 1. Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including its preamble and recitals, have the meanings provided in the Security
Agreement. 
 SECTION 2. Grant of Security Interest. For good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, to secure all of the Indebtedness, the Debtors do hereby mortgage, pledge and hypothecate to the Secured Party for the benefit of the Banks, and grant to the Secured Party for the benefit of the Banks a security interest in, all
of the following property, whether now owned or hereafter acquired or existing: all United States copyrights and mask works, whether or not registered, and all applications for registration of all 

 
copyrights and mask works, including, but not limited to all copyrights and mask works, and all applications for registration of all copyrights and mask
works identified in Attachment 1 hereto and made a part hereof, and including without limitation (1) the right to sue or otherwise recover for any and all past, present and future infringements and misappropriations thereof; (2) all
income, royalties, damages and other payments now and hereafter due and/or payable with respect thereto (including, without limitation, payments under all Copyright Licenses entered into in connection therewith, and damages and payments for past or
future infringements thereof); and (3) all rights corresponding thereto and all modifications, adaptations, translations, enhancements and derivative works, renewals thereof, and all other rights of any kind whatsoever of the Grantor accruing
thereunder or pertaining thereto (Copyrights and Copyright Licenses being, collectively, the “ Copyright Collateral”). 
 SECTION 3. Security Agreement. This Agreement has been executed and delivered by the Debtors for the purpose of registering the security interest of the Secured Party and the Banks in the Copyright Collateral with the United States
Copyright Office and corresponding offices in other countries of the world. The security interest granted hereby has been granted as a supplement to, and not in limitation of, the security interest granted to the Secured Party and the Banks under
the Security Agreement as security for the discharge and performance of the Indebtedness. The Security Agreement (and all rights and remedies of the Secured Party and the Banks thereunder) shall remain in full force and effect in accordance with its
terms. 
 SECTION 4. Release of Security Interest. Upon payment in full of all Indebtedness and when all commitments to extend any
credit under the Credit Agreement have been terminated, the Secured Party shall, at the Debtors’ expense, execute and deliver to the Debtors all instruments and other documents as may be necessary or proper to release the lien on and security
interest in the Copyright Collateral which has been granted hereunder. 
 SECTION 5. Acknowledgment. The Debtors do hereby further
acknowledge and affirm that the rights and remedies of the Secured Party for the benefit of the Banks with respect to the security interest in the Copyright Collateral granted hereby are more fully set forth in the Security Agreement, the terms and
provisions of which (including the remedies provided for therein) are incorporated by reference herein as if fully set forth herein. 
 SECTION 6. Loan Documents, etc. This Agreement is a Loan Document executed pursuant to the Credit Agreement and shall (unless otherwise expressly indicated herein) be construed, administered and applied in accordance with the terms
and provisions of the Credit Agreement. 
 SECTION 7. Counterparts. This Agreement may be executed by the parties hereto in several
counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. 
 [Signatures follow on succeeding pages] 
  

 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by
their respective officers thereunto duly authorized as of the day and year first above written. 
  

			
	DEBTOR:
	
	[                                      
                      ]
		
	By:	 	  
		
	Its:	 	  
	
	COMERICA BANK, as successor Agent for the Banks
		
	By:	 	  
		
	Its:	 	  

  

 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00107-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00107-of-00352.parquet"}]]