Common use of FOR VALUABLE CONSIDERATION Clause in Contracts

FOR VALUABLE CONSIDERATION. the Borrower hereby grants to OUVO INC. (hereinafter called the “Lender”) a security interest in all of the Borrower’s right, title and interest in and to all of the Borrower’s personal property and assets including without limitation the following property, including without limitation any and all additions, accessions and substitutions thereto or therefore, whether now held or hereafter acquired (hereinafter called the “Collateral”): (a) accounts; (b) instruments; (c) documents; (d) chattel paper; (e) supporting obligations; (f) letter of credit rights; (g) equipment; (h) fixtures; (i) general intangibles; (j) inventory; (k) investment property; (l) deposit accounts; (m) cash, money, currency, and liquid funds, wherever held; (n) goods; (o) intellectual property; and (p) all proceeds of each of the foregoing (the “Proceeds”), to secure payment and performance of all of the Borrower’s present or future debts or obligations to the Lender, whether absolute or contingent (hereafter referred to as “Debt”). Unless otherwise defined, words used herein have the meanings given them in the Delaware Uniform Commercial Code. THE BORROWER REPRESENTS, WARRANTS AND AGREES:

FOR VALUABLE CONSIDERATION. the Borrower hereby grants to OUVO INC. (hereinafter called the “Lender”) Lender a security interest in all of the Borrower’s 's right, title and interest in and to all of the Borrower’s 's personal property and assets including without limitation the following property, including without limitation any and all additions, accessions and substitutions thereto or thereforetherefor, whether now held or hereafter acquired (hereinafter called the “"Collateral”"): (a) accounts; (b) instruments; (c) documents; (d) chattel paper; (e) supporting obligations; (f) letter of credit rights; (g) equipment; (h) fixtures; (i) general intangibles; (j) inventory; (k) investment property; (l) deposit accounts; (m) cash, money, currency, and liquid funds, wherever held; (n) goods; (o) intellectual property; and (p) all proceeds of each of the foregoing (the “"Proceeds”"), to secure payment and performance of all of the Borrower’s 's present or future debts or obligations to the Lender, whether absolute or contingent (hereafter referred to as “"Debt”"). Unless otherwise defined, words used herein have the meanings given them in the Delaware Uniform Commercial Code. THE BORROWER REPRESENTS, WARRANTS AND AGREES: