Filing 20182101893

To secure payment and performance of all obligations Debtor hereby grants to Secured Party a continuing security interest in all inventory, equipment, and goods manufactured by or 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 bicycles, bicycle frames, bicycle forks, electric bicycles, exercise machines, stationary spin bike, clothing, helmets with the following brands: Giant, Giant Bicycle, Liv, Momentum and all accessories, supplies and parts including repossessions and returns; and all proceeds from the sale
thereof; 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 security interest is explicitly limited to outstanding obligations between Secured Party and Debtor.