LAMAR'S FT. COLLINS, LLC

General Description
FURNITURE, FIXTURES, EQUIPMENT, INVENTORY, SUPPLIES, LEASEHOLD IMPROVEMENTS, AND OTHER ASSETS OF DEBTORS, TANGIBLE AND INTANGIBLE, USED IN DEBTORS' BUSINESS

All assets now owned or hereafter acquired and wherever located, including but not limited to, the following subcategories of assets a. Accounts, including but not limited to, credit card receivables; b. Chattel Paper; c. Inventory; d. Equipment; e. Instruments, including but not limited to, Promissory Notes; f. Investment Property; g. Documents; h. Deposit Accounts; i. Letter of Credit Rights; j. General Intangibles; k. Supporting Obligations; and l. Proceeds and Products of the foregoing. NOTICE: Pursuant to an agreement between the Debtor and Secured Party, Debtor has agreed not to further encumber the collateral described herein, the further encumbering of which may constitute the tortious interference with the Secured Party's rights by such encumbrances. In the event that any entity is granted a security interest in Debtor's accounts, chattel paper, or general intangibles contrary to the above, the Secured Party asserts a claim to any proceeds thereof received by such entity.

Secured Party has purchased certain Future Receipts from Debtor. Future Receipts include all payments made by cash, check, Automated Clearing House or other electronic transfer, credit card, debit card, bank card, charge card or other form of monetary payment in the ordinary course of Sellers business.    Notice:  Pursuant to the agreement between Debtor and Secured Party, Debtor is prohibited from obtaining any financing that impairs the value of the Future Receipts or Secured Partys right to collect the same.   In the event that any entity is granted a security interest in the Future Receipts contrary to the above, the Secured Party affirms a claim to any proceeds thereof received by such entity.