Collateral& Security Agreement

COLLATERAL & SECURITY AGREEMENT



1. Security Interest . Writer hereby grants to Holder a security interest in the following described property ("Security" or "Collateral" or "Security Interest"):



$1,000,000 WORTH OF A-1 MONEY MARKET FUND



This Collateral and security interest will secure the payment and performance of the Writer92s Secured & Collateralized Promissory Note Document C-02152008 in the amount of $1,000,000 (one million).



2. Warranties and Covenants of Writer . Writer makes the following warranties and covenants to Holder:



(A) Writer is the sole owner of the Collateral free from any lien, security interest, or encumbrance, and Writer will defend the Collateral against all claims and demands of all parties at any time claiming interest therein.



(B) This Collateral has not been pledged, assigned, or hypothecated for any other purpose, and no financing statement is on file in any local, state, or federal institution, bureau, government, or public office.



(C) While the principal and interest balance of the Secured & Collateralized Promissory Note Document C-02152008 remains outstanding, Writer will not transfer, sell, offer to sell, assign, pledge, liquidate, spend, or otherwise transfer to any party an amount of the Collateral equal to or greater than the outstanding balance of the Secured & Collateralized Promissory Note Document C-02152008.



(D) Writer will pay promptly when due all taxes, expenses, and assessments upon the Collateral.



3. Perfection . Holder has the right, upon its election, to perfect the Collateral and security and this Collateral and Security Agreement by filing a financing statement or like instrument with its proper local, state, or federal institution, bureau, government, or public office or take other such action as may be required by applicable law. Holde ...