SECURITY AGREEMENT THIS SECURITY AGREEMENT is made effective the 19th day of October, 2005, by SHUMATE INDUSTRIES INC. (formerly EXCALIBUR INDUSTRIES, INC.), a Delaware corporation ("Excalibur") having a notice address of 12060 FM 3083, Conroe, Texas...Security Agreement • November 7th, 2005 • Shumate Industries Inc • Fabricated structural metal products • Oklahoma
As of 10/19/05 ---------- SNB Note #5195802 1,100,000 SNB Note #5198301 3,500,000 SNB Note #5423900 212,811 SNB Note #5550600 550,000 SNB Note #5528400 500,000 SNB Note #5732800 2,450,000 SNB Note #5732700 (LOC) 791,861 SNB Note #5831900 1,100,000...Guaranty Agreement • November 7th, 2005 • Shumate Industries Inc • Fabricated structural metal products
