SECURITY AGREEMENT (Negotiable Collateral) For value received, the undersigned ("Debtor") assigns, transfers, delivers, and pledges to Comerica Bank, a Michigan banking corporation, whose address is 100 Renaissance Center, Detroit, Michigan 48243...Security Agreement • November 13th, 1997 • Enercorp Inc • Heating equip, except elec & warm air; & plumbing fixtures
Guaranty Of Collection As of July ____, 1997, the undersigned, for value received, unconditionally and absolutely guarantee(s) to Comerica Bank ("Bank"), a Michigan banking corporation, collection of all existing and future indebtedness...Enercorp Inc • November 13th, 1997 • Heating equip, except elec & warm air; & plumbing fixtures
3 32379.3 wpd 4. INSPECTIONS; COMPLIANCE. Debtor shall permit Bank and its designees from time to time to make such inspections and audits, and to obtain such confirmations or other information, with respect to any of the Collateral as Bank is...Advance Formula Agreement • November 13th, 1997 • Enercorp Inc • Heating equip, except elec & warm air; & plumbing fixtures
Guaranty Of Collection As of July ____, 1997, the undersigned, for value received, unconditionally and absolutely guarantee(s) to Comerica Bank ("Bank"), a Michigan banking corporation, collection of all existing and future indebtedness...Enercorp Inc • November 13th, 1997 • Heating equip, except elec & warm air; & plumbing fixtures
