Maggie's Kitchen

Ice Machine & Bin

As security for the due and punctual payment of all amounts due or to become due and the performance of all obligations of Borrower from time to time under this Note and all extensions, renewals and amendments of any of the foregoing, Borrower hereby pledges, transfers, assigns, delivers, mortgages, conveys, and grants a security interest to a continuing lien upon and security interest in and to all of Borrower's now owned or hereafter acquired, created or arising property, including any right, title or interest in or to property of any kind whatsoever, whether real, personal or mixed, whether tangible or intangible, including any property secured by any debt satisfied by the proceeds of this Loan, in each case regardless of where such property may be located and whether such property may be in the possession of
Borrower, Lender or a third party. This interest shall include any right, title, or interest in or to property of any kind whatsoever, whether real, personal, or mixed, and whether tangible or intangible, and: (a) any and all amounts owing to Borrower now or in the future from any merchant processor(s) processing charges made by customers of Borrower via credit card or debit card transactions; and (b) all other tangible and intangible personal property, including, but not limited to: (i) inventory, (ii) equipment, (iii) investment property, including certificated and uncertificated securities, securities accounts, security entitlements, commodity contracts, and commodity accounts, (iv) instruments, including promissory notes,
(v) chattel paper, including tangible chattel paper, and electronic chattel paper, (vi) documents, (vii) letter of credit rights, (viii) accounts, including health care insurance receivables, (ix) deposit accounts, (x) general intangibles, including payment intangibles and software, and (xi) as-extracted collateral as such terms may from time to time be defined in applicable Georgia law or the Uniform Commercial Code. [Collateral]. The security interest Borrower (or Guarantor, if applicable) grants includes all accessions, attachments, accessories, parts, supplies, and replacements for the Collateral, all products, proceeds, and collections thereof, and all records and data relating thereto. Lender disclaims any security interest in
household goods. Lender and/or Lender's Representative may file any financing statement, lien entry form, or other document to perfect, amend, or continue Lender's security interest in the Collateral, and Borrower shall cooperate with Lender and its Representative on all necessary action to protect Lender's security interest in the Collateral. "Lender's Representative" means any entity or individual designated by Lender to serve in such capacity. Borrower shall not perform or fail to perform any act which impairs the collateral, in which all applicable exemptions are waived, Lender may exercise all available rights and remedies under the Security Agreement as to the property/Collateral as provided by this Note, and/or by applicable Georgia law.

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.