E XECUTION C OPY
THIS SECURITY AGREEMENT (this “ Agreement ”), dated as of January 16, 2008, is made and given by TECSTAR
AUTOMOTIVE GROUP, INC., an Indiana corporation (the “ Grantor ”) to WB QT, LLC, a Delaware limited liability company (the
“ Secured Party ”).
A. The Grantor has executed a Promissory Note in the original principal amount of $5,000,000 dated as of November 6, 2007
in favor of the Secured Party (as the same may be amended, restated, supplemented or otherwise modified from time to time, the
“ Note ”).
B. It is a condition precedent to the obligation of the Secured Party to continue to extend credit accommodations pursuant
to the Note that this Agreement be executed and delivered by the Grantor.
C. The Grantor finds it advantageous, desirable and in its best interests to comply with the requirement that it execute and
deliver this Agreement to the Secured Party.
NOW, THEREFORE, in consideration of the premises and in order to induce the Secured Party to continue to extend credit
accommodations to the Grantor under the Note, the Grantor hereby agrees with the Secured Party for the Secured Party’s
benefit as follows:
Section 1. Defined Terms .
1(a) As used in this Agreement, the following terms shall have the meanings indicated:
“ Account ” means a right to payment of a monetary obligation, whether or not earned by performance, (i) for
property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of, (ii) for services rendered
or to be rendered, (iii) for a policy of insurance issued or to be issued, (iv) for a secondary obligation incurred or to be
incurred, (v) for energy provided or to be provided, (vi) for the use or hire of a vessel under a charter or other
contract, (vii) arising out of the use of a credit or charge card or information contained on or for use with the card, or
(viii) as winnings in a lottery or other game of chance operated, sponsored, licensed or authorized by a State or