0001011034-09-000001 Sample Contracts

SECURITY AGREEMENT
Security Agreement • January 6th, 2009 • Golden West Brewing Company, Inc. • Malt beverages • Washington

THIS SECURITY AGREEMENT is entered into effective as of the 17th day of December, 2008 (the “Effective Date”) between Golden West Brewing, Inc., a Washington corporation (“Debtor”) and John D. Gibbs (the “Secured Party”).

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HYPOTHECATION AGREEMENT
Hypothecation Agreement • January 6th, 2009 • Golden West Brewing Company, Inc. • Malt beverages • Colorado

THIS AGREEMENT is executed by the undersigned, GOLDEN WEST BREWING COMPANY, INC., a Delaware corporation (the "Golden West") in favor of JOHN D. GIBBS ("Lender"), to induce it to make an extension of credit to or for the account of GOLDEN WEST BREWING, INC., a Washington corporation (hereafter the "Borrower").

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