SECURITY AGREEMENT BETWEEN [BANK NAME] AND [PATENTEE NAME]

This Security Agreement ("Agreement") is entered into as of [DATE] by and between [BANK NAME], a
[STATE OF INCORPORATION] banking corporation with its principal place of business at [ADDRESS]
("Bank"), and [PATENTEE NAME], a [STATE OF INCORPORATION] corporation with its principal place of
business at [ADDRESS] ("Patentee").

WHEREAS, Patentee desires to obtain a loan from Bank in the amount of [AMOUNT] ("Loan"); and

WHEREAS, Bank is willing to make the Loan to Patentee, subject to the security and other provisions
of this Agreement;

WHEREAS, the parties intend that this Agreement creates a security interest in moveable property in
accordance with the Moveable Property Security Rights Act of Kenya (the "Act"); and

WHEREAS, the parties acknowledge that they have received independent legal advice as to the
provisions of the Act and the terms and conditions of this Agreement.

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, Bank
and Patentee agree as follows:

SECURITY INTEREST. Patentee grants to Bank a security interest in and to all of its moveable property,
as defined in the Act, now owned or hereafter acquired by Patentee, to secure the payment and
performance of the Loan and all other obligations of Patentee to Bank.

REPRESENTATIONS AND WARRANTIES. Patentee represents and warrants to Bank as follows:

(a) Patentee is the sole owner of the moveable property, free and clear of all liens, claims, and
encumbrances, except for the security interest granted to Bank under this Agreement;

(b) Patentee has the right to grant a security interest in the moveable property to Bank, and the
moveable property is not subject to any licenses, options, or other agreements that would prevent
Patentee from granting such security interest;

(c) Patentee has taken all necessary actions to perfect the security interest granted to Bank under this
Agreement, including complying with the requirements of the Act; and

(d) The execution, delivery, and performance of this Agreement by Patentee do not violate any
applicable law or contractual obligation.

LOAN DOCUMENTS. The Loan will be evidenced by a promissory note (the "Note") and will be subject
to the terms and conditions set forth in the Note and any other loan documents executed by Patentee
in connection with the Loan.

USE OF PROCEEDS. Patentee will use the proceeds of the Loan solely for lawful business purposes.

DEFAULT. The occurrence of any of the following events will constitute an event of default under this
Agreement:

(a) Patentee fails to pay any amounts due under the Note or any other loan document;

(b) Patentee breaches any representation or warranty made in this Agreement or any other loan
document;

(c) Patentee violates any covenant or obligation set forth in this Agreement or any other loan
document;
(d) Patentee becomes insolvent or makes an assignment for the benefit of creditors, or any
proceeding is commenced by or against Patentee under any bankruptcy or insolvency law;

(e) A material adverse change occurs in the business, operations, or financial condition of Patentee;

(f) A judgment is entered against Patentee that is not covered by insurance or is not satisfied within
thirty (30) days; or

(g) A material adverse change occurs in the value or condition of the moveable property.

REMEDIES UPON DEFAULT. If an event of default occurs under this Agreement, Bank