GENESIS ELECTRONICS RECYCLING

ALL FURNITURE, FIXTURES, MACHINERY EQUIPMENT, TENANT FIXTURES, TRADE NAME, CONTRACTS, SIGNS, SUPPLIES, TELEPHONE NUMBER, INVENTORY AND OTHER PERSONAL PROPERTY, BOTH TANGIBLE AND INTANGIBLE, BELONGING TO DEBTOR, NOW OR HEREINAFTER INSTALLED OR USED IN THE OPERATION OF THE BUSINESS LOCATED AT 2045 S. VALENTIA STREET, UNIT 15, DENVER, CO 80231 KNOWN AS GENESIS ELECTRONICS RECYCLING, AND ALL ADDITIONS AND ACCESSIONS THERETO AND ALL REPLACEMENTS THEREFOR AND PROCEEDS THEREFROM, ALL RENTS, ISUES AND PROFITS FROM SUCH PROPERTY, AND THE LEASE SECURITY DEPOSIT, LEASEHOLD FOR THE PREMISES AND ALL LICENSES AND PERMITS.

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 I. Proceeds and Products of the foregoing. Notice Pursuant to an agreement between 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 right by such encumbrancer in the event that any entity is granted a security interest in the 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.

As per the agreement between the parties a specified percentage of the sales / revenue (as those terms are defined in Article 9 of the Uniform Commercial Code in effect from time-to-time in the State of New York) will be paid by the merchant. Merchant is prohibited from obtaining additional finance/investment against future sales/revenue after the date of the agreement.