COMMERCIAL SECURITY AGREEMENTCommercial Security Agreement • March 1st, 2017 • Sealand Natural Resources Inc • Beverages • California
THIS COMMERCIAL SECURITY AGREEMENT is entered into between Sealand Natural Resources, Inc (referred to below as “Grantor”), whose address is 1722 South Coast Highway, Oceanside, CA. 92054 and A. Stone Douglass (referred to below as “Lender”), whose address is 1313 Torrey Pines Road, La Jolla, CA 92037 For valuable consideration, Grantor grants to Lender a security interest in the collateral to secure the indebtedness and agrees that Lender shall have the rights stated in this agreement with respect to the collateral, in addition to all other rights which Lender may have by law.
