(Blanket - All Business Assets)
This Security Agreement (Blanket - All Business Assets) (the “Agreement”) is dated for reference
purposes as of August 19, 2005 by POORE BROTHERS, INC. , a Delaware corporation (the “Borrower”)
in favor of U.S. BANK NATIONAL ASSOCIATION , a national banking association (the “Bank”).
Borrower ‘s Organizational Identification Number is: DE-2483575 .
Unless defined elsewhere in this Agreement, defined terms used herein have the meanings given
them in the Definitions Section hereof.
A. Bank is extending credit and/or other financial accommodations to Borrower, now and/or in the
future, including a revolving line of credit loan in the maximum principal amount of Five Million and No/100
Dollars ($5,000,000.00) (“Facility 1”) and a term loan in the principal amount of Seven Hundred Fifty Six
Thousand Six Hundred Two and 56/100 Dollars ($756,602.56) (“Facility 2”) (each, individually, a “Loan” and
collectively, the “Loans”). The Loans are is being made under a loan agreement (the “Loan Agreement”)
between Bank and Borrower dated as of the date hereof. Each Loan is evidenced by a promissory note (the
“Notes”) made payable to Bank in the principal amount of such Loan, is secured by the collateral described
below, and may also be secured by other collateral.
B. This Agreement, and all other documents which evidence, secure, or otherwise pertain to any of
the Obligations, including the Loans, collectively constitute the “Loan Documents.” Capitalized terms used in this
Agreement without definition have the meanings given them in the Loan Agreement . All terms not defined herein
or in the Loan Agreement shall have the meaning given them in the Uniform Commercial Code, as enacted in the
state of formation of the Borrower (or the state of domicile of the Borrower, if Borrower is an individual), or
under the Uniform Commercial Code in any other state to the extent t