SECURITY AGREEMENT Dated as of November 29, 2010 among PALM HARBOR HOMES, INC., AND THE OTHER GRANTORS NAMED HEREIN, each as a Grantor and, collectively, as the Grantors and FLEETWOOD HOMES, INC. as Secured PartySecurity Agreement • November 29th, 2010 • Cavco Industries Inc • Mobile homes • Delaware
Contract Type FiledNovember 29th, 2010 Company Industry JurisdictionThis SECURITY AGREEMENT (this “Agreement”) is made as of November 29, 2010 by and among Palm Harbor Homes, Inc., a Florida corporation (as referred to herein, the “PHH”) and each of the direct and indirect Subsidiaries of PHH set forth on Schedule I-A hereto (PHH or any such Subsidiary individually being a “Grantor” and collectively being the “Grantors”) in favor of Fleetwood Homes, Inc., a Delaware corporation (the “Secured Party”).