Exhibit 10.24
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
Brooke Credit Corporation |
|
EXTENSION OF SECURITY |
| |
|
|
|
|
|
|
|
|
|
10950 Grandview Dr.,Ste. #600 |
|
AGREEMENT DATED: |
| |
|
|
|
|
|
|
|
|
|
Overland Park, KS 66210 |
|
09-27-2007 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
DEBTOR’S NAME
AND ADDRESS
|
|
SECURED PARTY’S NAME AND
ADDRESS |
|
|
For value received, the Debtor hereby
grants the Secured Party a security interest in the following
additional collateral:
(a) All of Debtor’s personal property, whether tangible
or intangible, and all of Debtor’s interest in property and
fixtures, now owned or existing or hereafter acquired and wherever
located, including without limitation, the following: (i) all
furniture, inventory, machinery, vehicles, equipment, goods and
supplies; (ii) all accounts, including without limitation, the
debtor’s depository accounts; (iii) all instruments,
documents (including, without limitation, the customer files),
policies and certificates of insurance, securities, negotiable
instruments, money, chattel paper, investment property, deposits,
warehouse receipts and things in action; (iv) all general
intangibles and rights to payment or proceeds of any kind,
including without limitation, rights to insurance premiums, rights
to insurance and reinsurance proceeds, dividends, distributions,
proceeds and letter of credit proceeds; (v) all documents and
contract rights and interests of any kind, including without
limitation, the rights and interests set forth in any
agency/producer agreement and insurance policy, and the rights and
interests set forth in all Material Agency Agreements and in all
Managing Agreements with any Insurance Entity; (vi) all
intellectual property rights and similar assets, including without
limitation trademark rights, service mark rights, rights to
licenses and rights to names, customer lists, trade secrets,
goodwill, trade names, permits and franchises, payment intangibles,
computer programs, etc.;
(b) All of SunCoast Holdings, Inc.’s (“SH”)
right, title and interest in Brandywine Insurance Holdings, Inc.
(“BIH”) and Patriot Risk Management, Inc., a Delaware
corporation (“PRM&rd
