0001193125-08-226995 Sample Contracts

SECURITY AGREEMENT
Security Agreement • November 6th, 2008 • Elsztain Eduardo S • Land subdividers & developers (no cemeteries) • New York

SECURITY AGREEMENT (this “Agreement”) dated as of October 24, 2008, between INVERSIONES FINANCIERAS DEL SUR S.A., a corporation organized under the laws of Uruguay (“Pledgor”) and BALDWIN ENTERPRISES, INC., a Colorado corporation, as Lender.

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