MASEK ROCKY MOUNTAIN DISTRIBUTION

ALL GOLF CARS MANUFACTURED BY YAMAHA IN WHICH DEBTOR NOW OR HEREAFTER HAS RIGHTS AND ALL PROCEEDS OF YAMAHA GOLF CARS INCLUDING, WITHOUT LIMITATION, ALL PROPERTY OF ANY TYPE ACQUIRED WITH CASH PROCEEDS.

All of the following property now owned or existing or hereafter acquired by the Debtor (or by the Debtor with spouse), wherever located:all accounts;inventory;equipment;fixtures;instruments;documents;chattel paper; investment property;deposit accounts;letter of credit rights and all accessions to,replacements of and substitutions for and all supporting obligations, products and proceeds of any of the foregoing (in whatever form);and all books, records and data relating to any of the foregoing (in whatever form); together with Debtors right title and interest in and to all software required to utilize, create, maintain and process such records or data on electronic media.Other than the sale or lease of inventory in the ordinary course of Debtors business, the purchase by or pledge to another person of any of described collateral violates the rights of the Secured Party.Any receipts of proceeds of the collateral by a subordinate secured party violated the rights of the Secured Party.

All golf cars manufactured, owned, financed or distributed by  Yamaha, together with all accessories and accessions thereto  (including any YamaTrack related equipment) in which Debtor now or hereafter has rights, title or interest, and all proceeds of the foregoing, including, without limitation, identifiable cash proceeds and all property of any type, acquired upon the disposition of, collected on or distributed on account of such collateral.   Debtor agrees not to affix or otherwise attach any accessory to any golf cart to any property of any person, including Debtor, in a manner which might result in (i) such accessory becoming an accession to or fixture of such property, or (ii) otherwise creating a right of such person in such accessory.