LRM PIPE, LLC

General Description
ALL ACCOUNTS (INCLUDING HEALTH CARE INSURANCE RECEIVABLES), DEPOSIT ACCOUNTS, CONTRACT RIGHTS, CHATTEL PAPER, (WHETHER ELECTRONIC OR TANGIBLE), COMMERCIAL TORT CLAIMS, INSTRUMENTS, PROMISSORY NOTES, INVESTMENT PROPERTY, GENERAL INTANGIBLES (INCLUDING PAYMENT INTANGIBLES AND SOFTWARE), LETTER OF CREDIT RIGHTS, LETTERS OF CREDIT, AND OTHER RIGHTS TO PAYMENT OF EVERY KIND NOW EXISTING OR AT ANY TIME HEREAFTER ARISING.    ALL INVENTORY, INCLUDING ALL GOODS HELD FOR SALE OR LEASE OR TO BE FURNISHED UNDER CONTRACTS FOR SERVICE, OR GOODS SO LEASED OR FURNISHED, RAW MATERIALS, COMPONENT PARTS, WORK IN PROCESS AND OTHER MATERIALS USED OR CONSUMED IN GRANTOR'S BUSINESS, NOW OR AT ANY TIME HEREAFTER OWNED OR ACQUIRED BY GRANTOR, WHEREVER LOCATED, AND ALL PRODUCTS THEREOF, WHETHER IN THE POSSESSION OF GRANTOR, ANY WAREHOUSEMEN, ANY BAILEE OR ANY OTHER PERSON, OR IN PROCESS OF DELIVERY, AND WHETHER LOCATED AT GRANTOR'S PLACES OF BUSINESS OR ELSEWHERE.    ALL EQUIPMENT,  GOODS, TOOLS, MACHINERY, FURNISHINGS, FURNITURE AND OTHER EQUIPMENT AND FIXTURES OF EVERY KIND NOW EXISTING OR HEREAFTER ACQUIRED, AND ALL IMPROVEMENTS, REPLACEMENTS, ACCESSIONS AND ADDITIONS THERETO AND EMBEDDED SOFTWARE INCLUDED THEREIN, WHETHER LOCATED ON ANY PROPERTY OWNED OR LEASED BY GRANTOR OR ELSEWHERE, INCLUDING WITHOUT LIMITATION, ANY OF THE FOREGOING NOW OR AT ANY TIME HEREAFTER LOCATED AT OR INSTALLED ON THE LAND OR IN THE IMPROVEMENTS AT ANY OF THE REAL PROPERTY OWNED OR LEASED BY GRANTOR, AND ALL SUCH GOODS AFTER THEY HAVE BEEN SEVERED AND REMOVED FROM ANY OF SAID REAL PROPERTY.

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.