DEED OF PLEDGE ON A UNIVERSALITY OF MOVABLE PROPERTY This Dead of Pledge on a Universality of Movable Property [the “agresment’}is effective [DATE], BETWEEN: [YOUR COMPANY NAME] {ihe “Suppor, a company organized and sxesting Under the laws of the [Stata’Provinoa] of [STATE/PROVINCE], with its haad céfice hosted at: [YOUR COMPLETE ADORESS] AND: [COMPANY MAME} (tho Purchaser), a comaany organized and axisting undar the laws-of the [Stale/Prownce] of [STATEMPROVINCE], with its head affice cated st: [COMPLETE ADDRESS] WHEREAS Purchaser has requested that [YOUR COMPANY NAME] suppiy or continue ta supply ta Purchaser, on credit, certain products snd [YOUR COMPANY NAME] has agreed to do so provided Purchaser executes and dolivers this Agreament; NOW THEREFORE, for good snd vaksable consideration, the receipl and sufficiency of which are hereby .aziknowlndged by sach of the parties harats, Purchasar hereby covenants and agroos with [YOUR COMPANY NAME] as follows: 1. DEFINITIONS: For the purposes of this Ageeament, the following tar shall have the falawing meaning: fs) Products” means the movable property, preset and fulure, forming pear of tee universally comprising all products purchased trom [YOUR COMPANY NAME] and owned bby the Purchaser and includes [DESCRIBE PROOUCTS) and which bear tha trademark TYOUR COMPANY NAMET and offer trademarks oF trade names used by [YOUR COMPANY NAME] and includes all atiachmants, ropiacemants, subsittatians, supplies, accessones, accessions and additions thereta or therefore 2. PRINCIPAL PLEDGE ‘As general and continuing security for payment of all menies owing or to he ewing by Purchaser 1a [YOUR COMPANY NAME] anc performance of all obligations of Purchaser 19 [YOUR COMPANY NAME], whiter under this Agresmént or any other agreament batwean the Paris, Purchaser hereby grants to and in faver of [YOUR COMPANY NAME] a pledge cn the Products up toa capital amount of [AMOUNT] with interest at the rate of [%] per annum 3. PAYMENT Purchaser covenants to pay [YOUR COMPANY NAME) for the Products in accordance with the: teem in effect between Fem, #5 established from time to time. Notwittstanding. upon Getaull under the terme of this Agroamert. [YOUR COMPANY MAME} may dockae all ce any part of fe monies owing to it pbs mmedate’y due and payable, Al monies due shall bear inierest at the ‘ate: of Ss] per annum undl payment hag bean made i full bath before and after juckgenent rendered therean. Deed of Pistige 3 Universality of Movable Propesty Page TofS