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 July 31, 2009, is made and executed
between Rocky Mountain Chocolate Factory, Inc. (“Grantor”) and Wells Fargo Bank, National
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, Chattel Paper, Accounts and General Intangibles
In addition, the word “Collateral” also includes all the following, whether now owned or hereafter acquired,
whether now existing or hereafter arising, and wherever located:
(A) All accessions, attachments, accessories, tools, parts, supplies, replacements of and additions to any of the
collateral described herein, whether added now or later.
(B) All products and produce of any of the property described in this Collateral section.
(C) All accounts, general intangibles, instruments, rents, monies, payments, and all other rights, arising out of a
sale, lease, consignment or other disposition of any of the property described in this Collateral section.
(D) All proceeds (including insurance proceeds) from the sale, destruction, loss, or other disposition of any of
the property described in