Document:

Exhibit 10.8

 

SECURITY AGREEMENT

 

THIS
SECURITY AGREEMENT,
dated as of March 22, 2004 (this “Security Agreement”), is made by
the signatories from time to time party hereto (each, an “Obligor” and,
collectively, the “Obligors”) in favor of  Bank of America, N.A., in its capacity as Administrative Agent
(in such capacity, the “Administrative Agent”) for the Lenders (as
defined in the Credit Agreement described below).

 

RECITALS

 

WHEREAS, pursuant to the Credit Agreement, dated as
of the date hereof (as amended, modified, extended, renewed or replaced from
time to time, the “Credit Agreement”), by and among OHI Asset, LLC, a
Delaware limited liability company,  OHI
Asset (ID), LLC, a Delaware limited liability company, OHI Asset (LA), LLC, a
Delaware limited liability company, OHI Asset (TX) LLC, a Delaware limited
liability company, OHI Asset (CA) LLC, a Delaware limited liability company,
Delta Investors I, LLC a Maryland limited liability company and Delta Investors
II, LLC, a Maryland limited liability company, the Lenders party thereto and
the Administrative Agent, the Lenders have agreed to make Loans and issue
Letters of Credit upon the terms and subject to the conditions set forth
therein; and

 

WHEREAS, it is a condition precedent to the
effectiveness of the Credit Agreement and the obligations of the Lenders to
make their respective Loans and to participate in  Letters of Credit under the Credit Agreement that the Obligors
shall have executed and delivered this Security Agreement to the Administrative
Agent for the ratable benefit of the Lenders.

 

NOW,
THEREFORE, in
consideration of these premises and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:

 

1.                                       Definitions.

 

(a)           Unless otherwise defined herein,
capitalized terms used herein shall have the meanings ascribed to such terms in
the Credit Agreement, and the following terms which are defined in the Uniform
Commercial Code (the “UCC”) in effect in the State of New York on the
date hereof are used herein as so defined: Accession, Account, As-Extracted
Collateral, Chattel Paper, Commercial Tort Claim, Consumer Goods, Deposit
Account, Document, Equipment, Farm Products, Fixtures, General Intangible,
Goods, Instrument, Inventory, Investment Property, Letter-of-Credit Right,
Proceeds, Software, Supporting Obligation and Tangible Chattel Paper. For
purposes of this Security Agreement, the term “Lender” shall include any
Affiliate of any Lender which has entered into a Swap Contract with any Credit
Party in connection with the Loans.

 

(b)           In addition, the following terms shall have the following
meanings:

 

 

“Secured
Obligations”: the collective reference to all of the Obligations, now
existing or hereafter arising pursuant to the Credit Documents, owing from the
Borrowers or any other Credit Party to any Lender or the Administrative Agent,
howsoever evidenced, created, incurred or acquired, whether primary, secondary,
direct, contingent, or joint and several, including, without limitation, all
liabilities arising under Swap Contracts in connection with the Loans between
any Obligor and any Lender, or any Affiliate of a Lender, and all obligations
and liabilities incurred in connection with collecting and enforcing the foregoing.

 

“SNDAs”
means the subordination, non-disturbance and attornment agreements to which
Tenants under the Facility Leases are parties.

 

2.                                       Grant of Security Interest in the Collateral.  To
secure the prompt payment and performance in full when due, whether by lapse of
time, acceleration, mandatory prepayment or otherwise, of the Secured
Obligations, each Obligor hereby grants to the Administrative Agent, for the
benefit of the Lenders, a continuing security interest in, and a right to set
off against (subject to the terms and conditions of this Security Agreement),
any and all right, title and interest of such Obligor in and to all personal
property of such Obligor of whatever type or description, whether now owned or
existing or owned, acquired, or arising hereafter, including, without
limitation, the following (collectively, the “Collateral”):

 

(a)                                  all Accounts;

 

(b)                                 all cash and currency;

 

(c)                                  all Chattel Paper;

 

(d)                                 all Commercial Tort Claims identified on Schedule 2(d)
attached hereto;

 

(e)                                  all Deposit Accounts;

 

(f)                                    all Documents;

 

(g)                                 all Equipment;

 

(h)                                 all Fixtures;

 

(i)                                     all General Intangibles;

 

(j)                                     all Instruments;

 

(k)                                  all Inventory;

 

(l)                                     all Investment Property;

 

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(m)                               all Letter-of-Credit Rights;

 

(n)                                 all Software;

 

(o)                                 all Supporting Obligations; and

 

(p)                                 to the extent not otherwise included, all
Accessions and all Proceeds of any and all of the foregoing.

 

Any grant of a security
interest and right of set off contained in this Section 2 shall not extend
to any of the foregoing Collateral to the extent that (i) such rights are not
assignable or capable of being encumbered as a matter of law or under the terms
of any agreement applicable thereto (but solely to the extent that any such
restriction shall be enforceable under applicable law), without the consent of
the applicable parties thereto and (ii) such consent has not been obtained; provided,
however, that the foregoing grant of a security interest and right of
set off shall extend to any and all proceeds of the foregoing to the extent
that the assignment or encumbering of such proceeds is not so restricted by
applicable law or under the terms of such agreements applicable thereto.

 

The Obligors and the
Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree
that the security interest created hereby in the Collateral (i) constitutes
continuing collateral security for all of the Secured Obligations, whether now
existing or hereafter arising and (ii) is not to be construed as an assignment
of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or
Trademark Licenses.

 

3.                                       Provisions Relating to Accounts.

 

(a)                                  Anything herein to the contrary
notwithstanding, each of the Obligors shall remain liable under each of the
Accounts to observe and perform all the conditions and obligations to be
observed and performed by it thereunder, all in accordance with the terms of
any agreement giving rise to each such Account or as required in the ordinary
course of its business, as applicable. 
Neither the Administrative Agent nor any Lender shall have any
obligation or liability under any Account (or any agreement giving rise
thereto) by reason of or arising out of this Security Agreement or the receipt
by the Administrative Agent or any Lender of any payment relating to such
Account pursuant hereto, nor shall the Administrative Agent or any Lender be
obligated in any manner to perform any of the obligations of an Obligor under
or pursuant to any Account (or any agreement giving rise thereto), to make any
payment, to make any inquiry as to the nature or the sufficiency of any payment
received by it or as to the sufficiency of any performance by any party under
any Account (or any agreement giving rise thereto), to present or file any
claim, to take any action to enforce any performance or to collect the payment
of any amounts which may have been assigned to it or to which it may be
entitled at any time or times.

 

(b)                                 The Administrative Agent shall have the
right, but not the obligation, to make test verifications of the Accounts in
any manner and through any medium that it

 

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reasonably considers
advisable, and the Obligors shall furnish all such assistance and information
as the Administrative Agent may reasonably require in connection with such test
verifications. Upon the occurrence of an Event of Default and during the
continuation thereof, the Administrative Agent in its own name or in the name
of others may communicate with account debtors on the Accounts to verify with
them, to the Administrative Agent’s reasonable satisfaction, the existence,
amount and terms of any Accounts.

 

4.                                       Representations and Warranties. Each Obligor hereby represents and warrants
to the Administrative Agent, for the benefit of the Lenders, that so long as
any of the Secured Obligations remain outstanding or any Credit Document or any
Swap Contract between any Credit Party and any Lender in connection with the
Loans is in effect or any Letter of Credit shall remain outstanding, and until
all of the Revolving Commitments shall have been terminated:

 

(a)                                  Legal Name; Chief Executive Office.

 

(i)                                     Each Obligor’s exact legal name, state of
incorporation or formation, principal place of business and chief executive
office are (and for the four (4) months prior to the date hereof has been) as
set forth on Schedule 4(a)(i) attached hereto.

 

(ii)                                  Other than as set forth on Schedule 4(a)(ii)
attached hereto, no Obligor has been party to a merger, consolidation or other
change in structure or used any tradename in the four (4) months prior to the
date hereof.

 

(b)                                 Ownership.  Each Obligor is the legal and
beneficial owner of its Collateral and has the right to pledge, sell, assign or
transfer the same.

 

(c)           Security Interest/Priority.  This Security Agreement creates a valid
security interest in favor of the Administrative Agent, for the benefit of the
Lenders, in the Collateral of such Obligor and, when properly perfected by
filing, shall constitute a valid perfected security interest in such
Collateral, to the extent such security can be perfected by filing under the
UCC, free and clear of all Liens except for Permitted Liens.

 

(d)                                 Types of Collateral. 
None of the Collateral consists of, or is the Accessions or the Proceeds
of, As-Extracted Collateral, Consumer Goods, Standing Timber (as used in the
UCC) or Farm Products.

 

(e)           Accounts.  (i) Each Account of the Obligors and the
papers and documents relating thereto are genuine and in all material respects
what they purport to be, (ii) each Account arises out of (A) a bona fide sale
of goods sold and delivered by such Obligor (or is in the process of being
delivered) or (B) services theretofore actually rendered by such Obligor to,
the account debtor named therein, (iii) no Account of an Obligor is evidenced
by any Instrument or Chattel Paper unless such Instrument or Chattel Paper has
been theretofore endorsed over and delivered to, or submitted to the control
of, the

 

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Administrative Agent and
(iv) no surety bond was required or given in connection with any Account of an
Obligor or the contracts or purchase orders out of which they arose.

 

(f)                                    Inventory.  No Inventory is held by an
Obligor pursuant to consignment, sale or return, sale on approval or similar
arrangement.

 

5.                                       Covenants.  Each Obligor covenants that,
so long as any of the Secured Obligations remain outstanding or any Credit
Document or any Swap Contract between any Credit Party and any Lender in
connection with the Loans is in effect or any Letter of Credit shall remain
outstanding, and until all of the Revolving Commitments shall have been
terminated, such Obligor shall:

 

(a)                                  Other Liens.  Defend the Collateral against
the claims and demands of all other parties claiming an interest therein, keep
the Collateral free from all Liens, except for Permitted Liens, and not sell,
exchange, transfer, assign, lease or otherwise dispose of the Collateral or any
interest therein, except as permitted under the Credit Agreement.

 

(b)                                 Preservation of Collateral.  Not
use the Collateral in violation of the provisions of this Security Agreement or
any other agreement relating to the Collateral or any policy insuring the
Collateral or any applicable statute, law, bylaw, rule, regulation or
ordinance.

 

(c)                                  Instruments/Tangible Chattel Paper/Documents.  If
any amount payable under or in connection with any of the Collateral shall be
or become evidenced by any Instrument or Tangible Chattel Paper, or if any
property constituting Collateral shall be stored or shipped subject to a
Document, such Obligor shall ensure that such Instrument, Tangible Chattel
Paper or Document is either in the possession of such Obligor at all times or,
if requested by the Administrative Agent, is immediately delivered to the
Administrative Agent, duly endorsed in a manner satisfactory to the
Administrative Agent.  Such Obligor
shall ensure that any Collateral consisting of Tangible Chattel Paper is marked
with a legend reasonably acceptable to the Administrative Agent indicating the
Administrative Agent’s security interest in such Tangible Chattel Paper.

 

(d)                                 Change in Structure, Location or Type. 
Not, without providing at least twenty (20) days prior written notice to
the Administrative Agent and without authorizing the filing of such financing
statements and amendments to any previously filed financing statements as the
Administrative Agent may require, change its name or state of formation or be
party to a merger, consolidation or other change in structure or use any
tradename.

 

(e)                                  Authorization. 
Authorize the Administrative Agent to prepare and file such financing
statements (including renewal statements), amendments and supplements or such
other instruments as the Administrative Agent may from time to time reasonably
deem necessary, appropriate or convenient in order to perfect and maintain the
security interests granted hereunder in accordance with the UCC.  Each Obligor agrees that any financing
statement filed by the Administrative Agent may contain a general description
of the

 

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collateral covered thereby,
as permitted by the UCC, which states that the security interest attaches to
all personal property of the Obligor granted under this Security Agreement.

 

(f)                                    Perfection of Security Interest. 
Execute and deliver to the Administrative Agent such agreements,
assignments or instruments (including affidavits, notices, reaffirmations and
amendments and restatements of existing documents, as the Administrative Agent
may reasonably request) and do all such other things as the Administrative
Agent may reasonably deem necessary or appropriate (i) to assure to the
Administrative Agent its security interests hereunder, including such financing
statements (including renewal statements) or amendments thereof or supplements
thereto or other instruments as the Administrative Agent may from time to time
reasonably request in order to perfect and maintain the security interests
granted hereunder in accordance with the UCC, (ii) to consummate the
transactions contemplated hereby and (iii) to otherwise protect and reasonably
assure the Administrative Agent of its rights and interests hereunder.  Each Obligor hereby agrees that a carbon,
photographic or other reproduction of this Security Agreement or any such
financing statement is sufficient for filing as a financing statement by the
Administrative Agent without notice thereof to such Obligor wherever the
Administrative Agent may in its reasonable discretion desire to file the
same.  In the event for any reason the
law of any jurisdiction other than New York becomes or is applicable to the
Collateral of any Obligor or any part thereof, or to any of the Secured
Obligations, such Obligor agrees to execute and deliver all such instruments
and to do all such other things as the Administrative Agent in its sole
discretion reasonably deems necessary or appropriate to preserve, protect and
enforce the security interests of the Administrative Agent under the law of
such other jurisdiction (and, if an Obligor shall fail to do so promptly upon
the request of the Administrative Agent, then the Administrative Agent may
execute any and all such requested documents on behalf of such Obligor pursuant
to the power of attorney granted hereinabove). 
If any Collateral is in the possession or control of an Obligor’s agents
and the Administrative Agent so requests, such Obligor agrees to notify such
agents in writing of the Administrative Agent’s security interest therein and,
upon the Administrative Agent’s request, instruct them to hold all such
Collateral for the Lenders’ account and subject to the Administrative Agent’s
instructions.

 

(g)                                 Control.  Execute and deliver all
agreements, assignments, instruments or other documents as the Administrative
Agent shall reasonably request for the purpose of obtaining and maintaining
control within the meaning of the UCC with respect to any Collateral consisting
of Deposit Accounts, Investment Property, Letter-of-Credit Rights and
Electronic Chattel Paper.

 

(h)                                 Collateral held by Warehouseman, Bailee, etc.  If
any Collateral is at any time in the possession or control of a warehouseman,
bailee, agent or processor of such Obligor, (i) notify the Administrative Agent
of such possession or control, (ii) at the Administrative Agent’s request,
notify such Person of the Administrative Agent’s security interest in such
Collateral, (iii) at the Administrative Agent’s request, instruct such Person
to hold all such Collateral for the Administrative Agent’s account and subject
to the Administrative Agent’s instructions and (iv) at the Administrative
Agent’s request, use its

 

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commercially reasonable
efforts to obtain an acknowledgment from such Person that it is holding such
Collateral for the benefit of the Administrative Agent.

 

(i)            Treatment of Accounts.  Not grant or extend the time for payment of
any Account, or compromise or settle any Account for less than the full amount
thereof, or release any person or property, in whole or in part, from payment
thereof, or allow any credit or discount thereon, other than as normal and
customary in the ordinary course of an Obligor’s business or as provided for in
the Credit Agreement.

 

(j)            Insurance.  Insure, repair and replace the Collateral of
such Obligor in accordance with the terms and conditions of the Credit
Agreement.  All insurance proceeds from
insurance with respect to the Collateral shall be subject to the security interest
of the Administrative Agent hereunder.

 

(k)                                  Commercial Tort Claims.

 

(i)                                     Promptly notify the Administrative Agent in
writing of the initiation of any Commercial Tort Claim before any Governmental
Authority by or in favor of such Obligor or any of its Subsidiaries.

 

(ii)                                  Execute and deliver such statements,
documents and notices and do and cause to be done all such things as the
Administrative Agent may reasonably deem necessary, appropriate or convenient,
or as are required by law, to create, perfect and maintain the Administrative
Agent’s security interest in any Commercial Tort Claim.

 

6.                                       Advances by Lenders.  On
failure of any Obligor to perform any of the covenants and agreements contained
herein, in each case after the expiration of any applicable grace or cure
period provided for herein or provided for in the Credit Agreement, the
Administrative Agent may, upon prior written notice to the Obligor and at its
sole option and in its reasonable discretion, perform the same or cause the
performance of same and in so doing may expend such sums as the Administrative
Agent may reasonably deem advisable in the performance thereof, including,
without limitation, the payment of any insurance premiums, the payment of any
taxes, a payment to obtain a release of a Lien or potential Lien, expenditures
made in defending against any adverse claim and all other expenditures which
the Administrative Agent or the Lenders may make for the protection of the
security hereof or which may be compelled to make by operation of law.  All such sums and amounts so expended shall
be repayable by the Obligors on a joint and several basis pursuant to
Section 24 hereof within twenty (20) Business Days after a reasonably
detailed written invoice therefor is received by the Obligors (or upon demand
if there is then a continuing Event of Default), shall constitute additional
Secured Obligations and shall bear interest from the date said amounts are
expended at the Default Rate for Revolving Loans that are Base Rate Loans.  No such performance of any covenant or
agreement by the Administrative Agent or the Lenders on behalf of any Obligor,
and no such advance or expenditure therefor, shall relieve the Obligors of any
default under the terms of this Security Agreement, the other Credit Documents
or any Swap Contract

 

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between any Credit Party and
any Lender in connection with the Loans. 
The Lenders may make any payment hereby authorized in accordance with
any bill, statement or estimate procured from the appropriate public office or
holder of the claim to be discharged without inquiry into the accuracy of such
bill, statement or estimate or into the validity of any tax assessment, sale,
forfeiture, tax lien, title or claim except to the extent such payment is being
contested in good faith by an Obligor in appropriate proceedings and against
which adequate reserves are being maintained in accordance with GAAP.

 

7.                                       Events of Default.

 

The occurrence and
continuation of an event which under the Credit Agreement would constitute an
Event of Default shall be an Event of Default hereunder (an “Event of
Default”).

 

8.                                       Remedies.

 

(a)                                  General Remedies. 
Upon the occurrence of an Event of Default and during continuation
thereof, and upon either acceleration of the Secured Obligations pursuant to
the terms and conditions of the Credit Agreement or the maturity of the Secured
Obligations and the Obligors’ failure to pay the Secured Obligations, the
Lenders shall have, in addition to the rights and remedies provided herein, in
the Credit Documents, in any Swap Contract between any Obligor and any Lender
in connection with the Loans or by law (including, but not limited to, levy of
attachment, garnishment, and the rights and remedies set forth in the UCC of
the jurisdiction applicable to the affected Collateral), the rights and
remedies of a secured party under the UCC (regardless of whether the UCC is the
law of the jurisdiction where the rights and remedies are asserted and
regardless of whether the UCC applies to the affected Collateral). Further, the
Administrative Agent may, with or without judicial process or the aid and
assistance of others, subject to the applicable rights of the Tenants under the
Facility Leases and the SNDAs, upon the occurrence of an Event of Default and
during the continuation thereof, and upon either acceleration of the Secured
Obligations pursuant to the terms and conditions of the Credit Agreement or the
maturity of the Secured Obligations and the Obligors’ failure to pay the
Secured Obligations, (i) enter on any premises on which any of the Collateral
may be located and, without resistance or interference by the Obligors, take
possession of the Collateral, (ii) 
dispose of any Collateral on any such premises, (iii) require the Obligors
to assemble and make available to the Administrative Agent at the expense of
the Obligors any Collateral at any place and time designated by the
Administrative Agent which is reasonably convenient to both parties, (iv)
remove any Collateral from any such premises for the purpose of effecting sale
or other disposition thereof, and/or (v) with ten (10 Business Days prior
written notice to Obligors, at any place and time or times, sell and deliver
any or all Collateral held by or for it at public or private sale, by one or
more contracts, in one or more parcels, for cash, upon credit or otherwise, at
such prices and upon such terms as the Administrative Agent deems advisable, in
its sole discretion (subject to any and all mandatory legal requirements).  Neither the Administrative Agent’s compliance
with applicable law nor its disclaimer of warranties relating to the Collateral
shall be considered to adversely affect the commercial reasonableness of any
sale.  In addition to all other sums due
the Administrative Agent and the Lenders with respect to

 

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the Secured Obligations, the
Obligors shall pay the Administrative Agent and each of the Lenders upon demand
all reasonable and documented costs and expenses incurred by the Administrative
Agent or any such Lender, including, but not limited to, Attorney Costs and
court costs, in obtaining or liquidating the Collateral, in enforcing payment
of the Secured Obligations, or in the prosecution or defense of any action or
proceeding by or against the Administrative Agent or the Lenders or the
Obligors concerning any matter arising out of or connected with this Security
Agreement, any Collateral or the Secured Obligations, including, without
limitation, any of the foregoing arising in, arising under or related to a case
under the Debtor Relief Law.  Each
Obligor agrees that any requirement of reasonable notice shall be met if such
notice is personally served on or mailed, postage prepaid, to the Borrower in
accordance with the notice provisions of Section 10.02 of the Credit
Agreement at least ten (10) Business Days before the time of sale or other
event giving rise to the requirement of such notice.  The Administrative Agent and the Lenders shall not be obligated
to make any sale or other disposition of the Collateral regardless of notice
having been given.  To the extent
permitted by law, any Lender may be a purchaser at any such sale.  To the extent permitted by applicable law,
each of the Obligors hereby waives all of its rights of redemption with respect
to any such sale.  Subject to the
provisions of applicable law, the Administrative Agent and the Lenders may
postpone or cause the postponement of the sale of all or any portion of the
Collateral by announcement at the time and place of such sale, and such sale
may, without further notice, to the extent permitted by law, be made at the
time and place to which the sale was postponed, or the Administrative Agent and
the Lenders may further postpone such sale by announcement made at such time
and place.

 

(b)                                 Remedies Relating to Accounts. 
Upon the occurrence of an Event of Default and during the continuation
thereof, and upon either acceleration of the Secured Obligations pursuant to
the terms and conditions of the Credit Agreement or the maturity of the Secured
Obligations and the Obligors’ failure to pay the Secured Obligations, whether
or not the Administrative Agent has exercised any or all of its rights and
remedies hereunder, each Obligor will promptly upon request of the
Administrative Agent instruct all account debtors to remit all payments in
respect of Accounts to a mailing location selected by the Administrative
Agent.  In addition, the Administrative
Agent or its designee shall have the right to enforce any Obligor’s rights
against its customers and account debtors and may notify any Obligor’s
customers and account debtors that the Accounts of such Obligor have been
assigned to the Administrative Agent or of the Administrative Agent’s security
interest therein, and may (either in its own name or in the name of an Obligor
or both) demand, collect (including without limitation by way of a lockbox
arrangement), receive, take receipt for, sell, sue for, compound, settle,
compromise and give acquittance for any and all amounts due or to become due on
any Account, and, in the Administrative Agent’s discretion, file any claim or
take any other action or proceeding to protect and realize upon the security
interest of the Lenders in the Accounts. 
Each Obligor acknowledges and agrees that the Proceeds of its Accounts
remitted to or on behalf of the Administrative Agent in accordance with the
provisions hereof shall be solely for the Administrative Agent’s own
convenience and that such Obligor shall not have any right, title or interest
in such Accounts or in any such other amounts except as expressly provided
herein.  The Administrative

 

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Agent and the Lenders shall
have no liability or responsibility to any Obligor for acceptance in good faith
of a check, draft or other order for payment of money bearing the legend
“payment in full” or words of similar import or any other restrictive legend or
endorsement or be responsible for determining the correctness of any
remittance.  Each Obligor hereby agrees
to indemnify the Administrative Agent and the Lenders from and against all
liabilities, damages, losses, actions, claims, judgments, costs, expenses,
charges and reasonable attorneys’ fees suffered or incurred by the
Administrative Agent or the Lenders (each, an “Indemnified Party”)
because of the maintenance of the foregoing arrangements except as relating to
or arising out of the gross negligence or willful misconduct of an Indemnified
Party or its officers, employees or agents. 
In the case of any investigation, litigation or other proceeding, the
foregoing indemnity shall be effective whether or not such investigation,
litigation or proceeding is brought by an Obligor, its directors, shareholders
or creditors or an Indemnified Party or any other Person or any other Indemnified
Party is otherwise a party thereto.

 

(c)           Access.  In addition to the rights and remedies
hereunder, upon the occurrence of an Event of Default and during the
continuance thereof, and upon either acceleration of the Secured Obligations
pursuant to the terms and conditions of the Credit Agreement or the maturity of
the Secured Obligations and the Obligors’ failure to pay the Secured
Obligations, subject to the rights of the Tenants under the Facility Leases and
the SNDAs, (i) the Administrative Agent shall have the right to enter and
remain upon the various premises of the Obligors without cost or charge to the
Administrative Agent, and use the same, together with materials, supplies,
books and records of the Obligors for the purpose of collecting and liquidating
the Collateral, or for preparing for sale and conducting the sale of the
Collateral, whether by foreclosure, auction or otherwise; and (ii)  in addition, the Administrative Agent may
remove Collateral, or any part thereof, from such premises and/or any records
with respect thereto, in order to effectively collect or liquidate such
Collateral.

 

(d)                                 Nonexclusive Nature of Remedies. 
Failure by the Administrative Agent or the Lenders to exercise any
right, remedy or option under this Security Agreement, any other Credit
Document, any Swap Contract between any Credit Party and any Lender in
connection with the Loans or as provided by law, or any delay by the
Administrative Agent or the Lenders in exercising the same, shall not operate
as a waiver of any such right, remedy or option.  No waiver hereunder shall be effective unless it is in writing,
signed by the party against whom such waiver is sought to be enforced and then
only to the extent specifically stated, which in the case of the Administrative
Agent or the Lenders shall only be granted as provided herein.  To the extent permitted by law, neither the
Administrative Agent, the Lenders, nor any party acting as attorney for the
Administrative Agent or the Lenders, shall be liable hereunder for any acts or
omissions or for any error of judgment or mistake of fact or law other than
their gross negligence or willful misconduct hereunder.  The rights and remedies of the
Administrative Agent and the Lenders under this Security Agreement shall be
cumulative and not exclusive of any other right or remedy which the
Administrative Agent or the Lenders may have.

 

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(e)           Retention of Collateral.  The Administrative Agent may, after
providing the notices required by Sections 9-620 and 9-621 of the UCC or
otherwise complying with the requirements of applicable law of the relevant
jurisdiction, accept or retain all or any portion of the Collateral in
satisfaction of the Secured Obligations. 
Unless and until the Administrative Agent shall have provided such
notices, however, the Administrative Agent shall not be deemed to have accepted
or retained any Collateral in satisfaction of any Secured Obligations for any
reason.

 

(f)                                    Deficiency.  In the event that the proceeds
of any sale, collection or realization are insufficient to pay all amounts to
which the Administrative Agent or the Lenders are legally entitled, the
Obligors shall be jointly and severally liable for the deficiency, together
with interest thereon at the Default Rate for Revolving Loans that are Base
Rate Loans, together with the reasonable and documented costs of collection and
Attorney Costs of any attorneys employed by the Administrative Agent to collect
such deficiency.  Any surplus remaining
after the full payment and satisfaction of the Secured Obligations shall be
returned to the Obligors or as otherwise required by Law.

 

9.                                       Rights of the Administrative Agent.

 

(a)           Limited Power of Attorney.  In addition to other powers of attorney
contained herein, each Obligor hereby designates and appoints the
Administrative Agent, on behalf of the Lenders, and each of its designees or
agents, as attorney-in-fact of such Obligor, irrevocably and with power of
substitution, with authority to take any or all of the following actions with
respect to the Collateral upon the occurrence and during the continuance of an
Event of Default, and upon either acceleration of the Secured Obligations
pursuant to the terms and conditions of the Credit Agreement or the maturity of
the Secured Obligations and the Obligors’ failure to pay the Secured
Obligations:

 

(i)                                     to demand, collect, settle, compromise,
adjust, give discharges and releases, all as the Administrative Agent may
reasonably determine;

 

(ii)           to commence and prosecute any actions
at any court for the purposes of collecting any Collateral and enforcing any
other right in respect thereof;

 

(iii)                               to defend, settle or compromise any action
brought and, in connection therewith, give such discharge or release as the
Administrative Agent may deem reasonably appropriate;

 

(iv)                              to receive, open and dispose of mail
addressed to an Obligor and endorse checks, notes, drafts, acceptances, money
orders, bills of lading, warehouse receipts or other instruments or documents
evidencing payment, shipment or storage of the goods giving rise to the
Collateral of such Obligor

 

11

 

on behalf of and in the name
of such Obligor, or securing, or relating to such Collateral;

 

(v)                                 to sell, assign, transfer, make any agreement
in respect of, or otherwise deal with or exercise rights in respect of, any
Collateral or the goods or services which have given rise thereto, as fully and
completely as though the Administrative Agent were the absolute owner thereof
for all purposes;

 

(vi)                              to adjust and settle claims under any
insurance policy relating to the Collateral;

 

(vii)                           to execute and deliver all assignments,
conveyances, statements, financing statements, renewal financing statements,
security agreements, affidavits, notices and other agreements, instruments and
documents that the Administrative Agent may reasonably determine necessary in
order to perfect and maintain the security interests and liens granted in this
Security Agreement and in order to fully consummate all of the transactions
contemplated therein;

 

(viii)                        to institute any foreclosure proceedings that
the Administrative Agent may deem appropriate; and

 

(ix)                                to do and perform all such other acts and
things as the Administrative Agent may reasonably deem to be necessary, proper
or convenient in connection with the Collateral.

 

This limited power of
attorney is a power coupled with an interest and shall be irrevocable (i) for
so long as any of the Secured Obligations remain outstanding, any Credit Document
or any Swap Contract between any Credit Party and any Lender in connection with
the Loans is in effect or any Letter of Credit shall remain outstanding and
(ii) until all of the Revolving Commitments shall have been terminated.  The Administrative Agent shall be under no
duty to exercise or withhold the exercise of any of the rights, powers,
privileges and options expressly or implicitly granted to the Administrative
Agent in this Security Agreement, and shall not be liable for any failure to do
so or any delay in doing so.  The
Administrative Agent shall not be liable for any act or omission or for any
error of judgment or any mistake of fact or law in its individual capacity or
its capacity as attorney-in-fact except acts or omissions resulting from its
gross negligence or willful misconduct. 
This limited power of attorney is conferred on the Administrative Agent
solely to protect, preserve and realize upon its security interest in the
Collateral.

 

(b)                                 Assignment by the Administrative Agent. 
Subject to the terms of the Credit Agreement, the Administrative Agent
may from time to time assign the Secured Obligations and any portion thereof
and/or the Collateral and any portion thereof, and the assignee shall

 

12

 

be entitled to all of the
rights and remedies of the Administrative Agent under this Security Agreement
in relation thereto.

 

(c)                                  The Administrative Agent’s Duty of Care. 
Other than the exercise of reasonable care to assure the safe custody of
the Collateral while being held by the Administrative Agent hereunder, the
Administrative Agent shall have no duty or liability to preserve rights
pertaining thereto, it being understood and agreed that the Obligors shall be
responsible for preservation of all rights in the Collateral, and the
Administrative Agent shall be relieved of all responsibility for the Collateral
upon surrendering it or tendering the surrender of it to the Obligors.  The Administrative Agent shall be deemed to
have exercised reasonable care in the custody and preservation of the
Collateral in its possession if the Collateral is accorded treatment
substantially equal to that which the Administrative Agent accords its own
property, which shall be no less than the treatment employed by a reasonable
and prudent agent in the industry, it being understood that the Administrative
Agent shall not have responsibility for taking any necessary steps to preserve
rights against any parties with respect to any of the Collateral.

 

10.           Application of Proceeds.  Upon the acceleration of the Obligations pursuant to
Section 8.02 of the Credit Agreement, any payments in respect of the
Secured Obligations and any proceeds of the Collateral, when received by the
Administrative Agent or any of the Lenders in cash or its equivalent, will be
applied in reduction of the Secured Obligations in the order set forth in
Section 8.03 of the Credit Agreement, and each Obligor irrevocably waives
the right to direct the application of such payments and proceeds and acknowledges
and agrees that the Administrative Agent shall have the continuing and
exclusive right to apply and reapply any and all such payments and proceeds in
the Administrative Agent’s sole discretion (but subject to Section 8.03 of
the Credit Agreement0, notwithstanding any entry to the contrary upon any of
its books and records.

 

11.                                 Costs of Counsel.  If
at any time hereafter, whether upon the occurrence of an Event of Default or
not, the Administrative Agent employs counsel to prepare or consider reasonably
necessary amendments, waivers or consents with respect to this Security
Agreement, or to take action or make a response in or with respect to any legal
or arbitral proceeding relating to this Security Agreement or relating to the
Collateral, or to protect the Collateral or exercise any rights or remedies
under this Security Agreement or with respect to the Collateral, then the
Obligors agree to pay within twenty (20) Business Days after a reasonably
detailed written invoice therefor is received by the Obligors (or upon demand
if there is then a continuing Event of Default) any and all such reasonable and
documented costs and expenses of the Administrative Agent, all of which costs
and expenses shall constitute Secured Obligations hereunder.

 

12.                                 Continuing Agreement.

 

(a)           This Security Agreement shall be a
continuing agreement in every respect and shall remain in full force and effect
so long as any of the Secured Obligations remain outstanding or any Credit
Document or any Swap Contract between any Obligor and any Lender in connection
with the Loans is in effect or any Letter of Credit shall remain outstanding,
and until all of the Revolving Commitments thereunder shall have terminated

 

13

 

(other than any obligations
with respect to the indemnities and the representations and warranties set
forth in the Credit Documents).  Upon
such payment and termination, this Security Agreement shall be automatically
terminated and the Administrative Agent and the Lenders shall, upon the request
and at the expense of the Obligors, forthwith release all of its liens and
security interests hereunder and shall execute and deliver all UCC termination
statements and/or other documents reasonably requested by the Obligors evidencing
such termination.  Notwithstanding the
foregoing all releases and indemnities provided hereunder shall survive
termination of this Security Agreement.

 

(b)           This Security Agreement shall
continue to be effective or be automatically reinstated, as the case may be, if
at any time payment, in whole or in part, of any of the Secured Obligations is
rescinded or must otherwise be restored or returned by the Administrative Agent
or any Lender as a preference, fraudulent conveyance or otherwise under any bankruptcy,
insolvency or similar law, all as though such payment had not been made;
provided that in the event payment of all or any part of the Secured
Obligations is rescinded or must be restored or returned, all reasonable costs
and expenses (including without limitation any reasonable legal fees and
disbursements) incurred by the Administrative Agent or any Lender in defending
and enforcing such reinstatement shall be deemed to be included as a part of
the Secured Obligations.

 

13.                                 Amendments; Waivers; Modifications. 
This Security Agreement and the provisions hereof may not be amended,
waived, modified, changed, discharged or terminated except as set forth in
Section 10.01 of the Credit Agreement.

 

14.                                 Successors in Interest. 
This Security Agreement shall create a continuing security interest in
the Collateral and shall be binding upon each Obligor, its successors and
assigns and shall inure, together with the rights and remedies of the
Administrative Agent and the Lenders hereunder, to the benefit of the
Administrative Agent and the Lenders and their successors and permitted
assigns; provided, however, that none of the Obligors may assign
its rights or delegate its duties hereunder without the prior written consent
of each Lender or the Required Lenders, as required by the Credit
Agreement.  To the fullest extent
permitted by law, each Obligor hereby releases the Administrative Agent and
each Lender, and its successors and assigns, from any liability for any act or
omission relating to this Security Agreement or the Collateral, except for any
liability arising from the gross negligence or willful misconduct of the
Administrative Agent or such Lender.

 

15.                                 Notices.  All notices required or
permitted to be given under this Security Agreement shall be in conformance
with Section 10.02 of the Credit Agreement.

 

16.                                 Counterparts. 
This Security Agreement may be executed in any number of counterparts,
each of which where so executed and delivered shall be an original, but all of
which shall constitute one and the same instrument.  It shall not be necessary in making proof of this Security
Agreement to produce or account for more than one such counterpart.

 

14

 

17.                                 Headings.  The headings of the sections
and subsections hereof are provided for convenience only and shall not in any
way affect the meaning or construction of any provision of this Security
Agreement.

 

18.                                 Governing Law; Submission to Jurisdiction;
Venue.

 

(a)                                  THIS SECURITY AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO CONFLICT OF LAWS PRINCIPLES. 
Any legal action or proceeding with respect to this Security Agreement
may be brought in the courts of the State of New York sitting in New York City,
or of the United States for the Southern District of New York, and, by
execution and delivery of this Security Agreement, each Obligor hereby
irrevocably accepts for itself and in respect of its property, generally and
unconditionally, the jurisdiction of such courts.  Each Obligor further irrevocably consents to the service of
process out of any of the aforementioned courts in any such action or
proceeding by the mailing of copies thereof by registered or certified mail,
postage prepaid, to it at the address for notices pursuant to
Section 10.02 of the Credit Agreement, such service to become effective
three (3) Business Days after such mailing. Nothing herein shall affect the
right of the Administrative Agent to serve process in any other manner
permitted by law or to commence legal proceedings or to otherwise proceed
against any Obligor in any other jurisdiction.

 

(b)                                 Each Obligor hereby irrevocably waives any
objection which it may now or hereafter have to the laying of venue of any of
the aforesaid actions or proceedings arising out of or in connection with this
Security Agreement brought in the courts referred to in subsection (a)
hereof and hereby further irrevocably waives and agrees not to plead or claim
in any such court that any such action or proceeding brought in any such court
has been brought in an inconvenient forum.

 

19.                                 Waiver of Jury Trial.  TO
THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES TO THIS SECURITY
AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS SECURITY
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

20.                                 Severability.  If
any provision of this Security Agreement is determined to be illegal, invalid
or unenforceable, such provision shall be fully severable and the remaining
provisions shall remain in full force and effect and shall be construed without
giving effect  to the illegal, invalid
or unenforceable provisions.

 

21.                                 Entirety.  This Security Agreement, the
other Credit Documents and any Swap Contract between any Obligor and any Lender
in connection with the Loans represent the entire agreement of the parties
hereto and thereto, and supersede all prior agreements and understandings,

 

15

 

oral or written, if any,
including any commitment letters or correspondence relating to the Credit
Documents, any Swap Contract between any Obligor and any Lender in connection
with the Loans or the transactions contemplated herein and therein.

 

22.                                 Survival.  All representations and
warranties of the Obligors hereunder shall survive the execution and delivery
of this Security Agreement, the other Credit Documents and any Swap Contract
between any Obligor and any Lender in connection with the Loans, the delivery
of the Revolving Notes and the making of the Loans and the issuance of the
Letters of Credit under the Credit Agreement.

 

23.                                 Other Security.  To
the extent that any of the Secured Obligations are now or hereafter secured by
property other than the Collateral (including, without limitation, real
property and securities owned by an Obligor), or by a guarantee, endorsement or
property of any other Person, then the Administrative Agent and the Lenders
shall have the right to proceed against such other property, guarantee or
endorsement upon the occurrence of any Event of Default and during the
continuation thereof, and upon either acceleration of the Secured Obligations
pursuant to the terms and conditions of the Credit Agreement or the maturity of
the Secured Obligations and the Obligors’ failure to pay the Secured
Obligations, and the Administrative Agent and the Lenders have the right, in
their sole discretion, to determine which rights, security, liens, security
interests or remedies the Administrative Agent and the Lenders shall at any
time pursue, relinquish, subordinate, modify or take with respect thereto,
without in any way modifying or affecting any of them or any of the
Administrative Agent’s and the Lenders’ rights or the Secured Obligations under
this Security Agreement, under any other of the Credit Documents or under any
Swap Contract between any Obligor and any Lender in connection with the Loans.

 

24.                                 Joint and Several Obligations of Obligors.

 

(a)           Each of the Obligors is accepting
joint and several liability hereunder in consideration of the financial
accommodation to be provided by the Lenders under the Credit Agreement, for the
mutual benefit, directly and indirectly, of each of the Obligors and in
consideration of the undertakings of each of the Obligors to accept joint and
several liability for the obligations of each of them.

 

(b)  Each of the Obligors jointly and severally
hereby irrevocably and unconditionally accepts, not merely as a surety but also
as a co-debtor, joint and several liability with the other Obligors with
respect to the payment and performance of all of the Secured Obligations
arising under this Security Agreement, the other Credit Documents and any Swap
Contract between any Obligor and any Lender in connection with the Loans, it
being the intention of the parties hereto that all the Secured Obligations
shall be the joint and several obligations of each of the Obligors without preferences
or distinction among them.

 

(c)                                  Notwithstanding any provision to the contrary
contained herein or in any other of the Credit Documents, to the extent the
obligations of any Guarantor shall be adjudicated to be invalid or
unenforceable for any reason (including, without limitation,

 

16

 

because of any applicable
state or federal law relating to fraudulent conveyances or transfers), then the
obligations of such Guarantor under the Credit Documents shall be limited to an
aggregate amount equal to the largest amount that would not render such
obligation subject to avoidance under applicable law (whether federal or state
and including, without limitation, Section 548 of the Bankruptcy Code).

 

25.                                 Rights of Required Lenders.  All
rights of the Administrative Agent hereunder, if not exercised by the
Administrative Agent, may be exercised by the Required Lenders.

 

26.                                 Credit Agreement and SNDA.  The
Loan is governed by the terms and conditions set forth in the Credit Agreement
and the other Credit Documents and in the event of any conflict between the
terms and conditions of this Security Agreement and the terms and conditions of
the Credit Agreement, the terms and conditions of the Credit Agreement shall control.  In addition, to the extent that the Obligors
and the Administrative Agent are parties to the SNDAs, and the terms and
conditions of this Security Agreement are in conflict with the terms and
conditions of such SNDAs, the terms and conditions of the SNDAs shall govern
and control.

 

SIGNATURE PAGE FOLLOWS

 

17

 

Each of the parties hereto
has caused this Security Agreement to be duly executed and delivered as of the
date first above written.

 

	
  OBLIGORS:

  	
   

  	
  OHI ASSET, LLC

  
	
   

  	
   

  	
  OHI ASSET
  (ID), LLC

  
	
   

  	
   

  	
  OHI ASSET (LA), LLC

  
	
   

  	
   

  	
  OHI ASSET
  (TX), LLC

  
	
   

  	
   

  	
  OHI ASSET
  (CA), LLC

  
	
   

  	
   

  	
  DELTA
  INVESTORS I, LLC

  
	
   

  	
   

  	
  DELTA
  INVESTORS II, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Omega Healthcare
  Investors, Inc.,

  the Sole Member of each such company

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Daniel J. Booth

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Daniel J. Booth

  
	
   

  	
   

  	
  Title:

  	
  Chief Operating Officer

  

 

 

	
  Accepted and Agreed to as
  of the date first above written:

  	
   

  
	
   

  	
   

  
	
  BANK OF
  AMERICA, N.A.,

  in its capacity as the Administrative Agent

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/

  	
  Kevin Wagley

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Kevin Wagley

  	
   

  	
   

  
	
  Title

  	
   

  	
  PrincipalExhibit
4.1

 

Intrusion Preferred

 

[FACE OF CERTIFICATE]

NUMBER

P

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

SEE REVERSE SIDE FOR RESTRICTIONS

INTRUSION INC.

SHARES

PREFERRED STOCK

SEE REVERSE FOR CERTAIN DEFINITIONS AND RESTRICTIONS ON TRANSFER

THIS CERTIFIES THAT

is the OWNER of

FULLY PAID AND NON-ASSESSABLE SHARES OF PREFERRED STOCK, $.01 PAR VALUE
PER SHARE, OF INTRUSION INC. (herein called the "Corporation")
transferable on the books of the Corporation by the holder hereof, in person or
by duly authorized attorney, upon surrender of this Certificate properly
endorsed or accompanied by a proper assignment. This Certificate and the shares
represented hereby are issued under and shall be held subject to all of the
provisions of the Certificate of Incorporation and the By-laws of the
Corporation, and all amendments thereto, copies of which are on file at the
principal offices of the Corporation, to all of which the holder of this
Certificate, by acceptance hereof, assents. IN WITNESS WHEREOF, the Corporation
has caused the facsimile signatures of its duly authorized officers and its
facsimile seal to be hereunto affixed.

[SIGNATURE]

PRESIDENT AND CHIEF EXECUTIVE OFFICER

[SIGNATURE]

SECRETARY

[CORPORATE SEAL]

DATED:

 

[REVERSE OF CERTIFICATE]

INTRUSION INC.

THE SECURITIES REPRESENTED BY THIS CERTIFICATE (THE
"SECURITIES") HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE "SECURITIES ACT") OR ANY STATE SECURITIES LAWS
AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED
UNDER THE SECURITIES ACT AND UNDER APPLICABLE STATE SECURITIES LAWS OR
INTRUSION INC. SHALL HAVE RECEIVED AN OPINION OF COUNSEL THAT REGISTRATION OF
SUCH SECURITIES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE
STATE SECURITIES LAWS IS NOT REQUIRED, WHICH OPINION AND COUNSEL SHALL BE
REASONABLY SATISFACTORY TO INTRUSION INC. INTRUSION INC. WILL FURNISH TO EACH
HOLDER OF ITS 5% CONVERTIBLE PREFERRED STOCK WHO SO REQUESTS WITHOUT CHARGE A
COPY OF THE CERTIFICATE OF DESIGNATIONS SETTING FORTH THE POWERS, DESIGNATIONS,
PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF
SUCH STOCK AND ANY OTHER CLASS OR SERIES THEREOF AND THE QUALIFICATIONS,
LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS.

The Certificate of Incorporation of the Corporation on file in the
Office of the Secretary of State of Delaware sets forth a full statement of (i)
all of the designations, preferences, limitations and relative rights of the
shares of each class of capital stock authorized to be issued, (ii) the
authority of the Board of Directors to fix and determine the relative rights
and preferences of the shares of preferred stock which the Corporation is
authorized to issue in series and, if and to the extent fixed and determined,
the relative rights and preferences of any such series, (iii) the denial to
stockholders of preemptive rights to acquire unissued or treasury shares or
other securities of the Corporation and (iv) the denial to stockholders of the
right to cumulate votes in any election of directors of the Corporation. The
Corporation will furnish a copy of such statement to the record holder of this
Certificate without charge on written request to the Corporation at its
principal place of business or to the Transfer Agent and Registrar.

The following abbreviations, when used in the inscription on the face
of this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM - as tenants in common

TEN ENT - as tenants by the entireties

 

1

 

JT TEN - as joint tenants with right of survivorship and not as tenants
in common

UNIF GIFT MIN ACT -
..........................................................................(Cust)
Custodian 

..................................................................(Minor)
under Uniform Gifts to Minors Act 

..............................................................
............................................................... (State)

Additional abbreviations may also be used though not in the above list.

For Value Received,

hereby sell(s), assign(s) and transfer(s) unto

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE,
OF ASSIGNEE

Shares of the Preferred Stock represented by the within Certificate and
do(es) hereby irrevocably constitute and appoint

Attorney to transfer the said stock on the books of the within-named
Corporation with full power of substitution in the premises.

Dated

NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE
NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR,
WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.

X (SIGNATURE)

X (SIGNATURE)

THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT
UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM),
PURSUANT TO S.E.C. RULE 17Ad-15.

SIGNATURE(S) GUARANTEED BY:

 

2

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