ASSUMED AND AMENDED SECURITY AGREEMENTAssumed and Amended Security Agreement • October 20th, 2011 • Osl Holdings Inc. • Services-allied to motion picture production • California
THIS ASSUMED AND AMENDED SECURITY AGREEMENT (hereinafter, this “Agreement”), is made and entered into as of the 10th day of October, 2011, by and between REVOLUTION OILS, LLC, aka RED ROCK DIRECT LLC, (“Debtor”) who assumes all of the Obligations of RED ROCK PICTURES HOLDINGS INC., a Nevada corporation (“Red Rock”), of that certain Security Agreement dated April 20, 2011, between RED ROCK PICTURES HOLDINGS, INC. and CRISNIC FUND, S.A., a Costa Rican company (hereinafter “Secured Party”), in conjunction with that certain Secured Promissory Note (hereinafter “Note”) dated and executed concurrently herewith, which memorializes a loan from Secured Party, being assumed by Debtor.
