Common use of Covenants Concerning Collateral Clause in Contracts

Covenants Concerning Collateral. Pledgor covenants that: ---------------------------------- a. Pledgor will keep the Collateral free and clear of any and all security interests, liens, assignments or other encumbrances, except those for current taxes and assessments which are not delinquent and those arising from this Agreement. b. Pledgor agrees to give good faith, diligent cooperation to Secured Party and to perform such other acts reasonably requested by Secured Party for perfection and enforcement of said security interests. c. Except for $10,000 worth of shares of common stock that each Pledgor may sell prior to the filing of the registration statement, each Pledgor represents and warrants that Pledgor will not sell any shares of Diversified Product Inspections, Inc. Common Stock that it currently owns or may own after the signing of this Agreement until the earlier of (i) the date that the registration statement covering the Common Stock underlying the Debentures is declared effective or (ii) the date that the Debentures are redeemed or converted in full, including accrued but unpaid interest and liquidated damages, if any.