Pledge Agreement for Certificated Securities

This Pledge Agreement for Certificated Securities is between a debtor and secured party in which the debtor agrees to grant the secured party a security interest in stock or other security to be used in conjunction with a loan document. This agreement sets forth the specifics about the collateral (number of shares, certificate numbers and name of issuer), debtor's obligations and remedies in the event of default. When all obligations have been fully discharged, the secured party will return the collateral (in this case the securities) held under this agreement to the debtor. (continued ...)