Filing 20142017088

To secure payment and performance of all obligations Debtor hereby grants to Secured Party a continuing purchase money security interest in all LOOK branded inventory, equipment, and goods distributed by Secured Party, whenever sold, consigned or delivered, directly or indirectly, to or for the benefit of Debtor by Secured Party, wherever located, now owned and hereafter acquired including but not limited to all LOOK branded bicycles, framesets, pedals, cleats, components and apparel products; and all accessions and products; and accessories, supplies and parts including repossessions and returns;
and all proceeds from the sale thereof; all documents including books and records; and all existing or subsequently arising, accounts and accounts receivable, and supporting obligations which may from time to time hereafter come into existence during the term of this Security Agreement.  Secured Party's purchase money security interest is explicitly limited to outstanding obligations between Secured Party and Debtor.