COMMERCIAL SECURITY AGREEMENT
References in the shaded area are for Lender’s use only and do not limit the applicability of this document
to any particular loan or item.
Any item above containing “***” has been omitted due to text length limitations.
THIS COMMERCIAL SECURITY AGREEMENT dated January 31, 2007, is made and executed
between Willdan Group, Inc. (“Grantor”) and Orange County Business Bank (“Lender”).
GRANT OF SECURITY INTEREST. 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.
COLLATERAL DESCRIPTION. The word “Collateral” as used in this Agreement means the following
described property, whether now owned or hereafter acquired, whether now existing or hereafter arising, and
wherever located, in which Grantor is giving to Lender a security interest for the payment of the Indebtedness and
performance of all other obligations under the Note and this Agreement:
All inventory, equipment, accounts (including but not limited to all health-care-insurance
receivables), chattel paper, instruments (including but not limited to all promissory notes),
letter-of-credit rights, letters of credit, documents, deposit accounts, investment property,
money, other rights to payment and performance, and general intangibles (including but not
limited to all software and all payment intangibles); all insurance refunds relating to the
foregoing property; all good will relating to the foregoing property; all records and data and
embedded software relating to the foregoing property, and all equipment, inventory and
software to utilize, create, maintain and process any such records and data on electronic media;
and all supporting obligations relating to the foregoing property; all whether now existing or
hereafter arising, whether now owned or here