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other (specify type of organization): <br />Debtors'.organizational number:. 1769872-2 <br />The address of Debtors' chief executive office is: <br />13915 Uranium Street NW, Suite C <br />Ramsey, MN 55303 <br />d. Debtor's Tax Identification Number is: 20-4673463 <br />e. Debtor (or any organization or other business that has merged into Debtor) has <br />used the following names in the last five (5) years: <br />X None <br />-OR <br />_ Specify name(s) used: <br />f. Debtor owns or will own the Collateral, and Debtor has or will have rights in the <br />Collateral or the power to transfer rights in the Collateral to the Secured Party. Debtor's rights <br />and title in and to the Collateral are free of any claims, liens, security interests, restrictions on <br />transfer or pledge, or other encumbrances except as created by this Security Agreement or as <br />permitted in writing by Secured Party. <br />g. The Loan is only for commercial purposes and is not a consumer transaction. <br />Debtor has not and is riot acquiring the Collateral for personal, family or household purposes. <br />Debtor agrees to indemnify and hold harmless Secured Party from and against any cost or liability <br />(including, but not limited to, reasonable attorneys' fees) which Secured Party may incur as a result of <br />any inaccuracy in any of the representations and warranties. <br />4. No Disposition of Collateral. Debtor shall not. transfer, sell, assign, lease, license or <br />otherwise dispose of any of Debtor's rights or title in and to all or part of the Collateral and Debtor shall <br />not grant or permit any other claim, lien, security interest, or other encumbrance to be created in or on the <br />Collateral without the Secured Party's prior written approval, except that Debtor may sell inventory <br />listed in Exhibit A in the ordinary course of Debtor's business on customary terms and at usual prices <br />and may collect, as Secured Party's agent, sums due on accounts and other evidences of debt listed in <br />Exhibit A, until advised otherwise by Secured Party. The Collateral shall remain personal property and, <br />without the Secured Party's prior written approval, Debtor shall not affix any of the Collateral to any real <br />property in any manner which would change its nature from that of personal property to real property or <br />to a fixture. <br />Page 3 <br />_92_ <br />