Colfax Federal Complaint

8/3/2019 Colfax Federal Complaint

http://slidepdf.com/reader/full/colfax-federal-complaint 1/35

Craig J. Capon, OSB #981928

craig.j [email protected]

C. Robert Steringer, OSB #[email protected] Long Gary Rudnick P.C.

360 E. 10th Avenue, Suite 300Eugene, OR 97401-3273(541) 485-0220Facsimile: (541) 686-6564

Attorneys for Plaintiff GE COMMERCIAL

DISTRIBUTION FINANCE CORPORATION,a Delaware Corporation

UNITED STATES DISTRICT COURT

DISTRICT OF OREGON

GE COMMERCIAL

DISTRIBUTION FINANCECORPORATION, a Delaware

corporation,

Plaintiff,

v.

CYCLE SPORTS OF SALEM,INC., an Oregon corporation,

DAVID E. COLFAX, an

individual, KATHY COLFAX, an

individual, CAPITALNORTHWEST, INC. an Oregon

corporation,

Defendants.

Eugene Division

Case No.: __________

COMPLAINT

(ACTION FOR CLAIM AND DELIVERY

OF PERSONALPROPERTY,

BREACH OF

SECURITY AGREEMENT AND ACTION

ON GUARANTIES)

PlaintiffGE COMMERCIAL DISTRIBUTION FINANCE CORPORATION ("CDF")

for its Complaint alleges as follows:

Page 1 - COMPLAINT FOR CLAIM AND DELIVERY, BREACH OF

SECURITY AGREEMENT AND ACTION ON GUARANTIES

Case 6:10-cv-06214-AA Document 1 Filed 07/21/10 Page 1 of 35 Page ID#: 1



PARTIES

1.

PlaintiffCDF is a corporation organized under the laws of the State ofDelaware, with its

principal place ofbusiness in the City ofHoffinan Estates, Illinois. At all times mentioned

herein, CDF was registered to transact business in the State ofOregon. CDF is the successor in

interest to Transamerica Commercial Finance Corporation ("TCFC").

2.

Defendant Cycle Sports of Salem, Inc. ("Borrower") is an Oregon corporation which,

upon information and belief, has its principal place ofbusiness in the City of Salem, Oregon.

3.

Defendants David E. Colfax and Kathy Colfax, upon information and belief, are husband

and wife and reside in the City ofKeizer, Oregon.

4.

Defendant Capital Northwest, Inc. is an Oregon corporation which, upon information and

belief, has its principal place ofbusiness in the City of Salem, Oregon.

5.

Capital Northwest, Inc., along with David E. Colfax and Kathy Colfax are collectively

referred to as the "Guarantors".

JURISDICTION AND VENUE

6.

This Court has jurisdiction over this action under 28 U.S.C. §1332, because there is

complete diversity of citizenship between Plaintiff and Defendants, and the matter in controversy

exceeds the sum of $75,000.00, exclusive of interest and costs.






7.

Venue is proper in this Court pursuant to 28 U.S.C. §1391(a) as this is the district in

which Borrower and Capital Northwest, Inc. have their principal place of business, in which the

individual Guarantors reside, in which some ofthe acts giving rise to this action occurred, and in

which the property at is sue is located.

FACTS

8.

CDF's principal business is a type of secured lending called "floorplan financing" or

"floorplanning," which is the financing of a dealership's purchases of inventory from

manufacturers and distributors which the dealership will then attempt to sell to retail customers.

9.

Under the floorplanning arrangement, the dealership promises to hold the inventory

financed by CDF in trust for CDF until such time as it is sold, lost, stolen, destroyed or payment

becomes due pursuant to the particular plan under which it is financed. Upon one of the

foregoing occurrences, the dealer promises to remit to CDF the wholesale invoice price financed

byCDF.

10.

On or about December 6, 2000, CDF, for value received, entered into an Inventory

Security Agreement (hereinafter "the Security Agreement") with Borrower, under the terms of

which Borrower pledged certain personal property as security for repayment of the amounts

borrowed under the Security Agreement. (Security Agreement, dated 12/6/00, attached hereto as

Exhibit" 1").






11.

Pursuant to the Security Agreement, Borrower granted CDF a security interest in the

following property, whether now owned or hereafter existing:

(i) inventory, accounts, chattel paper, documents, equipment, fixtures,

general intangibles and instruments, (including without limitation and

whether or not included in the foregoing, Seller Credits, deposit

accounts, certificates of deposit) and books, records, disks, and tapes,

(ii) all accessions, accessories and replacements to or of the foregoing,

and (iii) all proceeds and products of the foregoing .. .

(hereinafter collectively "the Collateral").

12.

CDF, and/or TCFC, as CDF's predecessor in interest, perfected a first priority security

interest in the Collateral by filing with the Oregon Secretary of State's Office Uniform

Commercial Code Financing Statements (UCC Forms 1 and 3, ofvarious dates, attached hereto

as Exhibit "2").

13.

On or about December 6, 2000, David E. Colfax and Kathy Colfax, as husband and wife,

executed a Guarantee (hereinafter "David and Kathy Colfax Guarantee") by which David E.

Colfax and Kathy Colfax, jointly and severally, guaranteed to CDF the prompt and unconditional

performance and payment of all current and future obligations and liabilities of Bon'ower to

CDF. (David and Kathy Colfax Guarantee, dated 12/6/00, attached hereto as Exhibit "3").

14.

On or about June 13, 2003, Capital Northwest, Inc. executed a Guarantee (hereinafter

"Capital Northwest, Inc. Guarantee") by which Capital Northwest, Inc. guaranteed to CDF the

prompt and unconditional performance and payment of all current and future obligations and






liabilities ofBorrower to CDF. (Capital Northwest Guarantee, dated 6/13/03, attached hereto as

Exhibit "4").

15.

The David and Kathy Colfax Guarantee and Capital Northwest Guarantee are collectively

referred to as "Guarantees".

16.

Under the terms and conditions ofthe Security Agreement, CDF extended credit to

Bon·ower to allow Borrower to take possession ofthe Collateral to be used and sold to the

public.

17.

CDF has perfonned all conditions, covenants, and promises required by it on its part to

be perfonned in accordance with the tenns and conditions of the Security Agreement.

18.

Because CDF's collateral is readily movable, CDF is at great risk that its collateral will

be sold out of trust. As an aid in monitoring the status of its collateral, CDF periodically inspects

its collateral. The employee charged with the duty of inspection is known as a Field Service

Representative, or "FSR," and the results ofthe inspection are reported on a document entitled

"Inventory Inspection Summary Report," but more commonly referred to as a "Floorcheck

Report".

19.

The Security Agreement provides that Borrower will be in default under the Security

Agreement if, among other things, Borrower breaches any tenns in the Security Agreement or






any other agreement between CDF and Borrower; or Borrower fails to pay any debt to CDF

when due and payable under any agreement between CDF and Borrower.

20.

On or about July 15, 2010, CDF sent Borrower and Guarantors notice by letter that

Borrower was in default of the Security Agreement by failing to make payment to CDF when

due and further notified Borrower that its credit facility with CDF had been suspended. (CDF's

Default Letter dated July 15, 2010 attached hereto as Exhibit "5").

21.

As a result of said default and the continuing inability to have Borrower fully cure said

default, on or about July 19, 201 0, CDF sent Borrower and Guarantors notice by letter that

Borrower's credit facility with CDF had been terminated, and further notified Borrower that

CDF accelerated the accounts related to the Yamaha Motorsports, Marine, BRP and Powersports

credit facilities and CDF further made demand for payment on Borrower and Guarantors for

payment of the full accelerated balances due and owing to CDF. (CDF's Acceleration,

Termination, Demandfor Payment Letter dated July 19, 2010 attached hereto as Exhibit "6").

22.

Borrower has sold Collateral without remitting the proceeds of said sales to CDF

(hereinafter referred to as "sold out oftrust" or "SOT"). The value of the SOT Collateral as of

July 14, 2010, is $215,755.15. Borrower's failure to remit proceeds ofthe sale ofthe CDF

Collateral constitutes an event of default under the Security Agreement.

23.

CDF now has a reasonable beliefthat Borrower does not have in its possession enough of

the Collateral to satisfy the outstanding debt due under the Security Agreement.






24.

Borrower is in default under the terms ofthe Security Agreement by failing to make

payments due under the Security Agreement. Guarantors are in default for failing to make

payment of Borrower's obligations to CDF.

25.

In light ofBorrower's and Guarantors' continuing default under the Security Agreement,

and failure to pay the accelerated balances due and owing under the Security Agreement and

Guarantees, CDF demanded return from Borrower of the Collateral. (CDF's Demand/or

Collateral Letter dated July 20, 2010 attached hereto as Exhibit "7").

26.

As of July 21,2010, the following amounts are due under the Agreements:

$3,252,109.77, which includes $3,017,204.40 for collateral inventory still in the Borrower's

possession, $215,755.15 for SOT Collateral and $19,150.22 in accumulated and unpaid interest.

27.

Interest continues to accrue on the outstanding balance in accordance with the terms of

the Security Agreement.

28.

Upon infOlmation and belief, the Collateral has not been taken for a tax, assessment or

fine or seized under any execution or attachment against the property ofBOll'OWer.

29.

Based on information supplied by Borrower that the Collateral would be held at such

locations for retail sale or storage, the Collateral currently is located at the following locations:

(a) 4764 Portland Road NE, Salem, Oregon 97305;






(b) 1465 Johnson Street, Salem, Oregon 97301; and

(c) 555 River Road, Eugene, Oregon 97404.

30.

After demand for the Collateral, Borrower has refused to voluntarily surrender all the

secured inventory that remains in Borrower's possession.

31.

Under the Security Agreement and Guarantees, Borrower and Guarantors are liable to

CDF for all costs, expenses, and attorney's fees incurred by CDF upon default.

FIRST CLAIM FOR RELIEF AGAINST BORROWER

(Claim for Delivery and Possession ofPersonal Property)

32.

CDF re-alleges and incorporates herein by reference the allegations of the preceding

paragraphs of the Complaint as if fully restated herein.

33.

Pursuant to the terms of the Security Agreement, Borrower's default gave CDF the right

to possess any and all Collateral covered by its perfected security interest.

34.

Upon information and belief, Borrower is wrongfully detaining the Collateral which is

the subject of the Security Agreement, and accordingly, CDF is entitled to immediate possession

thereof.

35.

The Collateral being wrongfully detained has an approximate value of$3 million dollars.






36.

Upon information and belief, the Collateral is being held by Borrower as retail inventory

to be sold to the public at the Borrower's Locations in Salem and Eugene.

37.

Upon receiving confirmation of the filing ofthis Complaint, CDF will immediately post a

bond in an amount, $3.2 million, sufficient to cover all damages which Borrower may sustain by

reason ofthe attachment or taking ifthe same be wrongful or without sufficient cause.

38.

CDF seeks an order of this Court which awards immediate possession to CDF of any and

all Collateral for which CDF has a perfected security interest and which is in the possession,

custody, or control ofBorrower.

SECOND CLAIM FORRELIEF AGAINST BORROWER

(Breach ofSecurity Agreement)

39.

CDF re-alleges incorporates herein by reference Paragraphs I through 31 as if set forth

fully herein.

40.

The Security Agreement represents a valid contract between Borrower and CDF.

41.

CDF has performed all conditions, covenants, and promises required by it to be

performed in accordance with the terms and conditions of the Security Agreement.

IIIII1//1/






42.

Borrower failed to perform its obligations under the Security Agreement. BOlTOwer's

failure to make payments to CDP as required under the Security Agreement constitutes an event

of default under the Security Agreement.

43.

As a direct and proximate cause of the foregoing breaches by Borrower, CDF has

suffered damages as ofJuly 21,2010, in the amount of$3,252,109.77, plus all charges,

reasonable attorney's fees, the costs ofthis cause, and interest that continues to accrue.

44.

Interest continues to accrue on Borrower's outstanding balance owed to CDF on a daily

basis.

THIRD CLAIM FOR RELIEF AGAINST GUARANTORS

(Action on Guarantees)

45.

CDF re-alleges and incorporates herein by reference Paragraphs 1 through 31 as if set

forth fu lly herein.

46.

The Guarantees unconditionally obligate Guarantors to make payment and performance

of Borrower's obligations to CDF under the Security Agreement. The Guarantees are continuing

guarantees under which Guarantors guaranteed the payment of Borrower's obligations.

47.

As an unconditional guarantor of the payment and performance of Borrower, Guarantors

are liable to CDF for each and every failure of Borrower to perform the obligations owed to






CDF. Borrower has failed to perfonn by not making payments as required under the Security

Agreement and allowing units of Collateral to be sold without remitting payments to CDF.

48.

CDF has perfonned all conditions precedent, if any, requiring Guarantors to honor the

Guarantees. However, Guarantors have failed to satisfy the obligations under the Guarantees.

49.

As a direct and proximate cause ofthe foregoing breaches by Guarantors, CDF has

suffered damages as ofJuly 21,2010, in the amount of$3,252,109.77, plus all charges,

reasonable attorney's fees, the costs of this cause, and interest that continues to accrue.

RELIEF SOUGHT

WHEREFORE, plaintiff GE Commercial Distribution Finance Corporation demands

judgment as against Borrower and Guarantors, such that:

A. CDF be awarded possession of any and all Collateral for which CDF has a

perfected security interest and which is in the possession, custody or control of Borrower and/or

Guarantors;

B. CDF be awarded compensatory damages, plus interest, from Borrower and

Guarantors, jointly and severally;

C. CDF be awarded its reasonable costs and attorney's fees incurred in prosecuting

this action; and

IIIIIIIIIIIIIIIIIIII






D. This Court allow any and all such other relief as it deems just and proper.

DATED: July 21, 2010

00290025.DOC;1

HARRANG LONG GARY RUDNICK P.C.

B Y : _ ~ - ' - - - - 7 , , - - - \ : - - - } - + - - ' f - = - - - - - = : = - - Craig J. apo, sq., SB #981928craig.j [email protected]

C. Robert Steringer, Esq., OSB #983514

[email protected] E. 10th Avenue, Suite 300

Eugene, OR 97401-3273

(541) 485-0220

Facsimile: (541) 686-6564

Attorneys for Plaintiff GE COMMERCIALDISTRIBUTION FINANCE CORPORATION






"

Exhibit 1

INVENTORY SECURITY AGREEMENT

lHIS INVENTORY SECURITY AGREEMEIlT (Ii (rom lime 10 Vme amended, 'Ihb lIlA' and Iogeiler Wilh PlDllrBln I.el\e/S InII any TlanlRCilon Sillomonb, Ie htrolnalltrdenned, 'Ihl Agroomnt') II btlWea. Cy,le Spon. .1S.I,", Inc. ROll;on "rp"aU,. r D 8 . \ ~ f ) , and TRANSAMERIOA COMMEROIAL FINANOE OO/U'ORATION rrCFC'). wRh011101 6XewU,O.HIc:o Bhd p I I r l c l p o l ~ ' or bulln. . . allaOHrlllum BouleVDN, Hinman e.!Iltl, IOIn,I.60192.

Tho p,MiGo ag..e ~ , l l h ~ ISA eme.ds and "'lales IS . . ~ e ~ .ny tl<IIVnq I n " n ~ 1 j ' SGClln'ly A9"elMRl b61w..n!he ",111. . daied prIorio Iho dar. h8fBoI. Tilt p , ~ . . uMor

flllro.BI/OII<iW':

1. b,nnUloD •• In addillon bll,rms da/inBd ... ltro herein, "ms,"'n,,' " " o u n ~ ' 'ohatl4l p.per,· 'dlPo," lOCounl,' 'documlnt: 'equlpmlnl,' 'fixl,,",. 'ganlr.1Inl,nulbl. . ' 'good.,' 'Inlirullllnl,' and 'lnvontory' hAve !he ..... ng. aMinof '" 1110lIl In Mcle 9. and 'pe""" hal !he . . ~ n ~ g ... ~ n B d 10 II In ArIIoIe 1, olrholliMll UNI","CornmttclilOode (rh. 'UCO') os 01 dote 01 I l i ~ ISA. 'Prog',m lon.r moan••pm wr111eJ1'QIf,rn,nl,nVVod 'Progrom L I H I ( , ' . ~ hom tin. 10 lima omondld, bGfOIaen TCFC andIleaIBfWllIch ",I,,, 10 1 l I ~ ISA; 'Adv.n. . mlln! en . x ~ n l l o n of«edilheround.r, 'Pd"" IJIvonl'lr1mIol. . ",.nlorywhlchhas b"n n n a n r : e ~ In WhOle or ~ , . , r t by an AdVlncq, v.1r,lIrar0/ not lUdI AdVance b . l i I I l a n ~ f I ! I : 'T"n."lIon a14tamqnfm_ ./alimentWIlJdr ,ITeF!;! mil bG lItu.d by TCFt; 10 Otaifr 110m Vmo 10 Vme v.1rtdl kf.nll/leslhe Primol l 1 ' I e n ~ r y 1IoIIn«d ondlorlho AdVance m.d. and rh.I,nnsaOd 1XIfl1fi1lo0i 01 mpeymooll1ioroJor, Ind offill.1a mm • •oy p , ~ o n oIIal (Q ~ r e o ( I y o r ~ d l r e G U y C O n ~ o t e , " COIIVOIIad by o r ~ Undar common oonrrol willi Doorer, Iftl ~ m d y or ~ d l r . . Iy own. 6% or """" 01 Dellor, (IR) b . drr.,br, ptJlOOr. rnonagor, or ohlcor or D. " " en lfIIIe" of Daaifr, 01 flYl any n,tu"lPlrson relOtod 10 DIIIII oran afillirite o I D l a ~ r .

2. Advaneu ;nd A p p r o y ~ ' ! , . .(.) O . ermilY /rom Um.l. limo . p p ~ 10TOFO, d ~ e c I I y orin \h, mannar p r o , ~ o d trr porogmph ( b l o f l h ~ 4eOllon, Joran AdVance und.rlha/lore,"",,1.

'(b) Wh,o,varsny pelSon ~ o m whom Dealtr pUlCl1.... or may p u ~ I . I _ 1 0 1 j ' OIw1tO adVl!es TOFC !heUI has &)kf, ormay .aII, InYonlOJ)l1o DtaI.r(R'SeKofl lOquiilSIn any manner (a,"., O/lIy, In willing, or by , ~ o h I l n ~ IlanwJbllon)1ha1 TCFC Gn."", or COlIOrm IhII n I1U lIl1ance (an 'Approval'), Ilia 6 c q u ~ l I o n .1 n v a n l o ~ by D. " rom au'" Seller.euoh requHlon,1I b6 an appll. .U", by Dealer ~ r i n A d r u x : o Gq\lil to 1M pulCl1li8 PIlle 01 autllll\VHlID!Y, D,eJereilaWba obl.\Jaltd for all o b I ~ a l l o .. I " " ' ' ' ' ~ by TCFC on ,,,,,unl 011111I."."", oI.,c/I A p p r o v a ~ WhGnGl'Of TCFC m a ~ 8 1 l u c h an Adv.noe, Kmay bG paid by T O ~ O III !uell s . r ~ r , AXoept Iliat TCFC may 0"'81 lOy amount ow.d by.uch ScIIor 10 TOfO,

IncludingI I 1 ~ O l r l

rw.1Ion Inyd I . l c o u n ~

pay.,.,,1 oroUr,r ben.m ifill<! by such Salorto TCFC rTCFC'1 01111110 Dealer oqroillhalllhaa no riQhllO any TCFC',O l l s r i ~

(e) TOPO Ihall nat be . b I g . l O ~ 10 bsua any Apfwv,l or mal<. ",y AdVanco. II TCFO dl<ld;. In II> d I s ~ ' 1 I o r I 1 i l 18,. . an ApproVal or maKe In AdWnca, tile Approval orAdvQnOl may be In rh. tmorrnl .. VlSlod or era.w amounL and m.d. upon Iud! condlUonlr II TeFe d4(ern1II1U. Each Advance "hag 01 doomed mada v.1ron 1110 .nt.rod hy TCFO Ma_N,W. on boo"" AU A<ivonceo 10( an pulP.... slllli be «oated II . 1 I r i g ~ loan.

(II) Any In""" ( w h ~ h I,rm .naU Mcluda PIP" baaed or,lfcWnloolly InuJinjftod 1 n ~ 1 lrom. Slliet N o e ~ e d by TCFC, p e J \ 8 ~ 1 i \ 9 1 0 Ii\vonlDl)' .hlpped or 10 b, ,hlppodI. oo,lfr, 111111 bt tGbUltaW pfNumplivo ovid""" Ih,1 TOFC h . in.. " " heacqultllloo o " u c l 1 I i \ ~ 1 O J ) I ~ r O . . " and Ihallh, ,,...nl., lIdllnvoioo b lia 0iIy1n.1 prlnop.l.mounl.IDoal.l, oblll'lIon I. TOPO on a ~ n t orauch I n Y f i l 1 I O ~ .

S. Cqv.nlnl!i "" OU'.r.

(I) Unbl . . d 81 pormlH.d hy !he A9rellMR\ o..rer IhlU own 'If PdMe I n v e n ~ r y irte end c!IIr 01 0/1 K.M, ..... lly ~ I B ~ , tlebus 'nd oilier .ncuroOmnul, wlHilliar.rIIlng by ~ " " " " " " ( or op.RIlIo. ,lIaw tllon", oIlierViIn rh. " M ~ InlGRlIl granted 10 TOFO Vlb 1SA, o l h o " , c u ~ Inle.... IU\1oNIOAIa lIIerolo to v.1r1ch TCFC hos _ . . od InwrItJg 811<1 Olhlr lJanaln IavototTCFO.

(b) D.llar 'hll (ij iwop.1 CoiIa,,",11i Pdnnil!ed ~ 1 I O n S . e d kIIIIp ,U t . \ " I I ~ 1 o ColiAllIif In good "'W, r o p a ~ .nd IjIIfIllng cundlllOO 'nd Insurod •• fGquJrG\l h"ehr. PI)prompiy /do ,IIII, .. 11m. reqUiod bylaw and prOlilpllyp,y.n IIJI. . r,. . AI\d .lhorgov.mmen(el chorg. . ,,""1ch ft fa lloblo, rnorud ngwilhoUllnliioltion a I 9 0 y ' m m ' n ~ l . h ' I I I O S I9I\!s1rho CoioMiOl; UO p e r m ~ n ; f C . wlihoul nOlJ/a, 10 I1Ipt01lh, COIIa1eml during norm,1 blJl/nl)lS houll'nd II My oIherfme TQFO del"" d o o I r a ~ .. Iv) loop G O m ~ t o . n ~ aeturola "0014&01 bUll. .", ileA/ding In"nlory .nd ,1If., and permft TCYO 10 1JIapec:! ded Olpy BUm-. pon fGqueoU (v) upoe TOFC'. JIlqUJl3\ p r o I i ~ B TCFO wfth D.lIoli yoar-tnd bolonco.helland onnuel proDI and 10M . ~ I . m a n l tor eld! 01 hi lllcel Y"" propoNd In "",rdlnee wllh . . .nay aa:or>IBI10«0unUng PMcIp!'" O O I 1 I I G ~ n U l l J 1 p 1 l o d wllhln 20 ,n " he"m.1re propared bU11n n • onllGW lliIO 120 dayalHerlhe II!d 01 oath lilcal year: (vi) IUmlsh TCFC wfth.1Idl G ddlllllrl,llnloimatlJl IOIjlrdlOO lira coitareralln.r IlGo/Gf. buIIl.eas Indnn,nettl oondlU,n .. CFQ may from Ill\.", lime r o " " " " ' b ~ reqlJMl; JIld (YII) I n v n o d i A l a ~ n o V ~ TCFO 01 lOy mal.rr.r adv.ilII alll>,lern Do""'. p r ~ buoine.. .p'''ion. '"oondillon ( ~ n l n d , 1 '" ' 1 I i . " " ~ e ) orin !he COI,""'I. '

(e) O . or 'han n011D uso ("copl lor d l m o " , ~ . l 1 o n for " ~ I ... 1m,. Nfl, Iranofor, IXIJlIIgn or d!lPO" ,/ C,lalml""'pt for ,ar . 1 ~ " ' n l O J Y '1 "lalln 111. olfljlnalY. . u ~ . 01 Q o a ~ i . bu_.; (n) .. 'lnvonlOJ)llo .n ' f f l l ~ l e ; (JY) lOO'la anl.l11 ...malirlillMn.. Uon I10t In Ih. onlhal)' CUWJe 01 D. I( , bull.... (I,) ctrangolll bUl.\1eos III aJi)'

mal,rlel mennoror", alruduro 0/ boa parf1111 amefllll oroonlOlklallllrl, (vI drlng. lit n,meoroonductbulllllS u n d B t a l r i d 4 I 1 y ~ 1 orlJl<ll name oIhtrllran IhOIe Isled Ihesectbn,nUled 'SUlIne.. and W,rehoUl,lD",lIonaand Trade SIji. . Wilhoulall. . ,30 day. PJ10rMilln noIJeolD TCFC: oIIeng. Ira mlel",1I/IIvo .lIIcurofflce IIiJirtH oopo" ,_Wi1I1lO1POClIO aCtounll "oII,1Ie! paPlfl or (,D) !nance on . . . Ured b a a ~ 1 O f I h any INIli P'i!yW!lhoulllr. prforlifnllen .....nloITCFO 11>. aoqufollloo o I l r " t n ~ I Y o r l l r . S1me brand ..lAy rnYinlOlj' IIrIanced orl.bt IJi'ianGld by TOFC. .

T-3. (12180)

HOH10/4

Exhibit 1




&. hVnRlbyDHfirleTtfC.

(.) DcllorlllllpayTCFC IhlllNlM1Iof lilY AlMnoe """. tof1lll1Clitll :ocquIoiion 01,., l ~ m o l l n V t r \ ~ ~ I n v t o e I f ~ ~ ~ upon 1 / I 1 1 I ~ 1 t " Q ) I/I, . . .llUdllllm. andIII.' " " ~ IM . . int """ prokeds itIIltl/Gm IN mUST 101 TOFe .... poId 10 TCFC, II1d upon lllluesl,,.., TCFC, In Iht_Iorm" roCI!vod, . . .,... and l P O ~ from Doslel. oIIIIf""'. and prop."', r.llhe 'Ou.ln Fun DlIl'wllt INJ*lfo wchAtlYalKll, . ~ , I " h a ' bo210da,..karlUdlAl!veIIcewtl malle.rim o ~ . _ provijed f .. . ~ . A I ~ _ I , 01 (HI)

Iha d.le ,,"" temhat betn damlQ811 Dldol"",. 01 wilhoolTCfC ' l_ b rohIned 10 aStu,r 01 OI!e!WlSt not lIa Pllllrillld l""'lIon. A., "" " "",lIIIola.",bo.",IedArI AdY_ madIIOIil"'''' \lie Icqu,'iIiln oil n"",bo, 0 I 1 ~ .. . 01 ~ V t r \ " ' " .fIoQ ~ . 1 1 1 0 < $ 1 """'U sudl rttms I. proporUOn 10 Seller's rtljlfW<f invoice

otaltr. .• i\lioio or In port.,_ . any IvcI1 P " ' 9 ~ m '1

Mb ~ ~ l ! 1 i 1 1 l 1 ~ 1 ! ! 1 ~ ~ ; 1 ~ ~ 1 l ~ ~ ~ ~ ~ l l ~ ~ A i ~ . " " " I . D e . I ~ t ~ r . . s ~ I I IhB j''''',,,,,,IMnU,,M ~ ~ 30 cII,Uft'tlhf d,lt.,mi l.- Alii""'" 'hi' bI IIII>I<1i " ' ~ . S ~ l t ! l I a n l " I a ~ d 10 an Adiane.....,;,g lilt.... no . . h """plodTrnodioo Siolemonl, D . og.... ' ~ . ' " ' ••~ N r ' ,1gh10l ","III, TeFC me, h,YO un"" flo A,...,.,.\ OII)lClld T I I ~ C I i > n SilI"""1 !II" bo dllt ond p.,.blt"iNn311 doyt ,III< Iht

tONlIIU1CFC

. n < l I n ~ , ' " 'h" ' C C N ~ ,1Ict III' . p p I o o ~ . he IDOl pel1o<l, . I ~ .

",.. 1.11211 porlO tIIy mooill;

(0) All p,,,,,,nll,hoII bo ""do ,I ."'" p/aoo .. TefC 'hili '"'" Umo 10 lime IfIoIgnlll. I.d unlIM .iIltnIlH provldocl n A9rttmonl 01 J DtoIar In \ I Q ~ u I t , anP ' ) ' I I 1 o n ~ 'nd .!he< I t n O U n ~ _ ~ 8 d ",TeFC P I I ~ u a n l l o l l 1 . A g ' . .m'nl hWdIng w",",1It /mIIIVonl"",""", p .. . d. "'" """".. . 0I801or C " d l ~ , I/I,U ba oppltd 10 l . d t b l l d ' e l ~ wllllh.,ornoldUO, In """ 0l1I0,,, TCFC II dilUtllln ,,,,U \ I Q ~ _ . AllPI)'II1lnb ' ~ ~ d 10bo " '" an. dWi wNth" not. 8 u s ~ . .. Day ,hallb. we onlht p/oeodln, 8 u ~ ' 1 1 1 1 Day.

(hi S.b/eo! k1fl. _ •• ~ I e d 'S1ViI1I' Provio.'o/ll', Iny lI/.\tIIMI1twill Itljlfcl i l l.., I n d o l > ~ l \ O I I ..nll> " , " , ~ r b y T C F C . l n d " & v _ I I r n i a I i l . onyT,anpofonSI,lom'"" 'hal b8 .. lo<1 co lUb.. uanl ..",lman! " TCFC "".hdb. _mod "",." . ~ d a n o e 01 ~ n 0 9 alld Inlorm,1IM ".. .. .OIoreb', ur/IH lCFC .holhllt_od"",on noli<o In>m Do.lor s p e ~ 1 r 9 ,ny 'IIWMlfth 3IJ doys.lII, lilt d'II.'"""__ No. . '1\tI1diI9 ",cit no1lct by DtaIH 10 TCFe, Do... bl\illil. 10 mel. po,menb to

TCFC 1MiII .. peGl 10 011011 ._1 "'"no!b. w . ~ ' " '".14<1<1''' " " ~ " tn. unII TCFC ......b In WIllIG 10 IIIth wall"" t ~ I " ~ ~ AlIA". ."a I\Olm"alo ".nco Iht O C 4 U ~ I ~ orrlWlll1Ory II>Ilbtpolclon d.mond unIr :o I_1 ¥DVijod d10 A g " " " , , ~

7. twIWISl. All tiOl 011>00, domau« to Of daslnr<'/On of _ ""'hi alimeo be on Deetor. iloilo<Jhd t.oep \ I ~ CoHoltIoI fill .... or lui "M llaMa' ""","bIorisI. IHldal ~ i : I e . I dollverod 10 TCFC .IId 110,111 by ~ . V " " lailSlKlllI ill TCFC.lIo . . . poYlblo 10 TCfC alld al lCfCi "'Iutli untlif long./onn -"11'111_"""" n III1nIM. . tno'f._r U\liIOl to Qlnr:ololion .. rfllI1fIl 0Iiy .. . 0 ""II (10 day! for IIOIIfI,.,onl" prsnIIIn)__ olioo to TCFC, TeFC IUtllOl!Ie<I, but i'oG! reql/red,lo ' " . .lltlmoy.n.llo1 ror Doa'" IdJ. . ng on. on, . .__ ndoI '"'Y """ IOIIot II1II In I ! ' o d o ~ n i ony _ ..._ . . . . . , by ils\rllil. DtoIor .hal "",,,po, ,onIlloICFCI n ~ . lorm _d, WIth II " ' ' ' ' ' ' ' ' o n d o < M n \ l l l ~ , ,I p,. . .or. ,,""" ....""'" wNeII Otelefma, _ We, 01 ill ~ _ . aMI "1hI,.ppIy lIIyprooeecll of ~ o e I \IllY

" " , ~ . I D •• d paymo.1oIlnd.bcId,.... "pay llIOft proceld' to Dos"'. WDtalotflllo10obfm lucII InI, ...".. ,"",lArd heroin, TeFC 1III'i, bul.haft,,1 be " ' ~ ~ d 10, pr,,,,,",d!"'u .... IId the"'IIhIrIDI "'''' be aplllol the Ind,blelln.. . payllblrl III Dc"'r on d''''1IIId,

. ThI,

t. C"dJ! Inform"'." " , " , ~ l I U l h o n z o o TCFO I. "'l'Ilf9l11 Dr 11181!. nqulIlaa.,"""" or ,.lIIlnl <iIdIIorI 0 1_ penon, and plIMda '" any EIIdiMI orofller """". anyfIIId111_ \ ctedft or O\htr inforrnalOn ~ 1 I d / r 1 g 01 , . ~ 1 r I g otlflr, ol>o'Il8<1Upp/fe<l '" o e a ~ r 10 TCFe .. o"."Wo O b ~ ~ ' " TCFe, wNt SlldllUtIIolIIy to conl/nuO ~ " " ' 9 h o V i tho trmnol.. . AII ...... l.

T-le( 2Ite)...., 2014




~ M I !IO ""YI PIIor 10 '18114 1 X ~ 1 1 i o n or malvrilv: (e) 1 i t O ~ . or Illy GuI.. .b••hli mila an .. . ~ " " for be,eIri.f OI . .m _ aproceeding wI/! 18lpe!\ 10 iflelund,,,,y Irrrnlruf"" "'rganlzallon, arrangemenl, inlIIVGIlCY, lectlMhlp, dlllolrlJon or IiqIldaUon . ~ M o " .inila.Iow.Ion, ,""'didI.n,.r ao, IUIII ~ 1 n i I 1 I > I i I bt oommtn<td19IMII" 01 ' " 0 Iw ~ 1 I I t (111\ ·A...... 1t D.'aulrt. (1). maUdal.lfv. . . <fIIng.. .i oa:u. ~ ! h . b u I ~ ..... MIiDns or DDfldiion (n'lIioialo. O ! h & r w l s e ) O f D e a ~ . o . 'TIl G U I I I R ~ ' orwllh , •pe«10 VlICoRiltra! Ig) ,nydtbt/orbomwllt moneyol,org",,"'d by, D o ~ " or "'I QUlIIIIIM _ dUitry a « e ~ J a l I o n 01 oIhwfle prlorlo bdued,lol'/"'' ' 'olar f I ~ ~ t o r (h) TerC k1 Door! f.r/lh 1re..... lhoglO.lpatl Of paymrrnrOflIlY I n d ~ . d n e l l b ImpaRd DIdo"", 1 I , ~ f I .. . " .

11. TOFe', Blgbl! I.d BM)" Upon Dtl!un, iJPI'! Ira """'nor.'" 01, DrQH, TCFO IfIali hOi. "'I\t.b a,d re.. . loS Of • ..00,<4 par!/ .I\rIoI \110 vee oftOlawli>rNrt low and dallh. righb Ind ",1IItd1N aot forIr In Ir . Ag....... 1 TCPO "'loY te...haIO Ira Agroomonl and on, o W ~ n l l n g A _ . ~ . . a,<I'o, dKlalt an, 1M I iI n o ' ~ , " 1 " " " ' o d " " ~ ' u a Ind p a , . b " ' W l h o u t _ o r d l , , * , ~ fltIIwwIH. . "" . of InIInl to__ and.1 " " " " _ of IroMbred_ TefC .. . "''' ' . . rwemlstJof

Delle" wlh O/wilhoul p!OC'" oflow, WiIIDUt1. 1.1. . . . " 10., ""'.po .. . '''''.I,.nd. . . ",!he Coliallfal,'" '" ' pad1h1lfOf. WeFC " ,*" , O t . l ~ . """_."",,iIIon 01 "'",1>0, " " r M I ~ Ilro CoI""••1nd .. . " I. . ~ ~ b ~ III rCFe, .,0001,/. llpo . .. al l ,.'",,,"'nlploo6or"""l delllnaiedb, TOFC. TOFO may ~ k . pomwJon of \I I CoIII.. . . ""pan Ihlrooron Otaler'a premile.s.nd ..... I " ..... n ..... aIOt• ." 0IjI0IIl •• per'rIIlrIg. . . . o ~ . ' d l s p o s \ b o . DIII,ng' . . h.1 "'" OJlooflnl'lnI<iIY bVTOFC". po.... w h . ~ 1abIo!g TOFC oodll ,gu., . . , _ m t r 1 ~ ~ P " " " I " 19" .... l orlllallr.IMUnol d _ d Obe. ",,,'orwbjaolto SOdJon g·10416).,Ih. uec or.",.mAr p n r l f l ~ n Dr any0\11. IwlicaNrt I,w, ,nd 0"10......... an, pnril .. . 01 ouch I,., 10 ~ . I . W o r t Ooolrt IIW'III !h4I"p'UI 1 ~ ' I I n 1 o t / bya Stlt. purwo,l to. ~ p u r ' h I . . _menillih leFe.hlg be . " " " " " I t I a ! ~ ..._bIe ....od of d b p o ! ~ " " D e a ~ ( . h " b l l ~ b I t 10 TOFe 10' ny dertc»1IC1 ,.,.\11, from T O F C ~ d l s p o s ~ " " -1niJ OIIhDrrllnrilrltion . . . ', . . . try.s.ltr, ""or"'" of .ny I U b u q u ' ~ 1 .kpoIWOrl_I; D. knot•.b l n ~ ' r r or,.nd bN nOlfShi to ttqul.. TCFC '" onr""", any ,0P'''''''' 9,. . ",,1. A,y noit.of. d l i p o . ~ . n "". be d .mod "",,,,ably and proporly gl>1n a lm! 10 Dellor "!Hal 10 11m bofort IU'" dbpo,""". "1IN1or 1010,. """rm illY" b obIiI,UO... ulOlM Ih.Ar/...... t, TeFe "Ip e ~ " " , U'I "" . "" fo.m or ma. ." Tope n II d " " , ~ 1 o n "' " .......ury or d"hsblll.llld ,N morioo pold try TOFC lJ con_n !herowl/! "'" be rrddilloNl'nddrlodrl.. . 1l<I,ha' be 1 r M 1 o d ~ " 1 i <ira and payablt WiIhOUI nodce tog<rlher.!II I n ~ ..d payol>!o Dn rIolM,d al!hl DofauJI RDI, AlI.1 fefG', . J ; h ~ a,d rernt«.. w' Q l m u " l I v ~ Al fePC's"qu. . ,,"w!Oroulllquulln!h4 mnl of on Awom.1io Dof,uP, O . ~ .. ' h ~ 1 poy IU Selio. C.dlb 10 TeFO a, .oon a,!ho limo IIl1I .. 01<. . or a p ~ ~ l I o n 10 Irrdlbl!d .... ,,",lit. . ~ o r ~ . .Tefe 10 . . .d "' " .... .,b dirodfl kom Sellora .n4 up.n r8Que>loITCfC, 'holNlnr1ll So,,,. I. pa, TCFC dllt1ly.

12, ~ " ' ' ' ' elm A.aIM' MI!, O N ~ I rhln .... I I ~ n l I 1 C F O any iIrIrm 01 d.IIO .. ONIor 1liiY haVI R g a ~ 1 1 any 8111, . h l ~ " brUt!! . f WI. . I{,

m ~ . " " , , , , , 1IorI, 101. .. " oIjp. ~ c I r of oulhorli!', 01 otherlol.. I r d I ~ 1 I I I witroullinllallon dol"" .. delen," baltd ijPO, tlrlrge bft"", ""'" ........ Ibolol, P ' ~ "",locIIon p a ' n 1 " ~ or 181 ...... A"/ oudI d,""'" dol."""., oIiJ" "" .. ord.r .... Doa/or m ~ h 1 haw .,'1' SOUar"''' no!"'oct1lIIIIt'.l'biI'loIor 01>1\1"'"'' TCFC. &orp! . . "",!dod" JhtJetIIOn Inllod 'Saving. P .... " " ' ~ 'Il<olel, oblgallon to pal TefC for AllYrrn. . . lld CIroJU. . balrsllM. a,dunco""""""I.

13. AIn o l c e $ l ~

beg ~ ' n

undor lho Au. ..m,nl •••• be In WIll"" Ind lhol be liN'" ."'or PlI1OII4IIj, b, With a reputable0 ' / I r n ~ h 1 1 0 . d e r ' O l l h

t!!arge$,,",plld, .,by do"",11 In the Unite<! S U ! u m ~ ~ 1 ~ I · d . . .""lag' prepaijOIp,_ror, .dd ... d oo. aliia C!Hf """live olllet . h ~ ba!OW 0110 anyolfiorJ to lIIrk:fr TCFC lind.~ l b r l '11I0I1l"., OlIO lOFC "hI"drII, I10rm In !ht h .. o. .!lon!lon C,."I D'pa.... \ 01 "IUd!oIIlt111_ dlSlgnaltd, by ,,,,,, ~ . ~ b, IIOlct to oIhlf, 110,lI0\II1, Incllrdlrg but nol IlTlte<I 10 ''1 rvnllctlon S ! l l " " " ~ 'hil be delmod 10 Irm betl\ 9 ~ n upon d.111'/ "!he _ or pallOl1ll deto'tty, one B,_neU !lay .111. 'lpos1 will"I'trnlr>\lOOIIrtor 0' 2ealanderd,y. alii. de"",1I1n JIre Un"'" S ~ ' " m ~ I ' ' ' ' p l l h i I ' T I I noj" Of tlrang." .d,I'." ,''''1Il0l be IIitCIN. u n ~ .elurrly .... vtd.

14, !'Ira Ind Tvrnkyllgn. Unlo>s ...,ner !l!mrirelod II provijO<l II Iho AIIAI"",nI Dl bV .1 "" I 30 day. prirr *rIIIe. not;,. hom .l!Irli p.rty 10 "'" 0Iht., Iho IIIrm DI Jht.0,..lII4nll'IIU 101011tylll lIM/ilia d.1t o f l h ~ ISA lAd from '."iDyall ..... II" prowllld, 'OWI,or, TCfC l1li, !ennk>11o!h. AlI.. . ",,1 <rvne<1ItteIt try nO!lcalo D I . ~ . or " ' ~ W i I h .. . p a ~ ! g CtfIII, produeIlnil II c.ar.. 1hB81011 0 I " ' 1 n ~ ' ~ e n y ~ h t to . . .. de.lln "" pro<ird Ina 0' PrImo InverrI>ry" VO t ~ , , " ! g pa,.n Ad...... rile to Inobjacrlr>n '0 .. . ~ ' m ' .1 anI TII!1.. ~ b n S ~ " l I I 4 n J a"" TCpe d."""irrtI "'011/11 T,...,I'I'" SIiI"" .1dots 1104 _ • _lrIo Irror. Upon """OJ"'" 01 l i t A9,..,....r.r, .1Io r io_ , or, Iho Asreemenllo ienOOillild o n ~ w i I I r " " P ~ I>...rat. """'11<1 .... I h , l n r l r r b ~ d n N l I I ~ . .. o."'" pnld.a in,,) .hol b .....I . .. ~ I l I ~ du•• d ,,"y.bIII w ~ o u t noli<1l o. rIolllMd, Upon al1/ Ierm"lIon, O o o ~ . otrrrd 'em,l. hAIl "bOo !g TCfO for allnrltl>l,dll4lO. IndudIIgWitroul , " , ~ ! l I n CNtgtI, triIIng prior to or .11" •• m ~ a t l o ~ alld .1TCFC"l'QhlS and . .modi!! and is s e a n I ~ ~ " " I 1 . h l l l c o n i l r l U t t H l 1 ~ . 1 Ind.hI"'. . . .b po"'arrd "" 'bI\I- 01 DoaI" II. podormld In I. t II TCFC makos Adv. . . . . 1n .. , ~ " ' " on.IIpulCtr. . . _manllrom I 5 ." II mar"'". mal<lng """AdVI""'" Wi hal I", """"'" II o wh."",. ,ud! ropu.w. . 9IUOfIIIInlv.lll ~ y " r,,,,,, Alii...... or b. porformod by""h60li0,. No proyilfrwr .U""AlIM'",,,,1 ofraIl bo _Irvrrdto ~ b l l g l ! J TOFO IomaJrtllll rIdVIIncu

15.objattkrn

II.0'P08EDAND THE

~ ; : ~ : ~ W ~ ~ ~ i B : i ~ ~ : a O N 8 T R U E O II ALL RESPEOT8 IN ACCORDANCE WrrH, AHD GOVERNED BY THa INTERNAL LAWS IAI;;.j,iRIFEciltO"1i THE STAT! OF ILLINOIS, lXCiPT THAT QUESTIONS AS TO PEllfECTION 01' T ~ F C ' S SECURIIY IjlEREITy. IHALL IE GOVERNED 'Y THI! LAW WHICH WOULD I i i APPLIOAB!.E w:EPT FOR THUECTIO.N.

17, JUN WlI"', TO THE J;l(IENT PERfrIIlTED BY API'lfOAIlE LAW, THe PARTIES HERETO £\CH WAIVE ANV RIGHT TO A RIAL BV JURY ON ANVCLAIM, OEIMIfD. ACTIOH, CAUSE OFAOTION ORCOUN1ERelAlM'AR!S!IiO UNDiR DR IH NlY WAY R!UT!Il TO T H E A O B E E ~ T , NlD UNDER NlY THEORYOF lAW OR EaUnY,WMETMia NOWiJIJlTINO OR IlliRlAfTERARISIIO.. "

fl . m.. . II.O! Proyhfpn•• & . . l . . provrrt,d In Iho HcIi>n enlile<f 'S.YIng:r PlDllsb. . • II iIIIr ""nl of 1ft _ 1 I t ~ c y btlWtfn r I r ~ ISA And In, P'OIIltm Lolli., ,",IIPnrgllm Lolli' "'" c..,ror. All PrOillOlD lrI.... lid T f o r I l N ~ l O f t ~ I a ! t / l ' r l l l l l l "'iii be """"1s(Ive. In Iho evt" 0I. . 1 1 I C 0 1 \ I ~ 1 . . , bIIoeen hi. P I 1 I I I ~ m L.I ... Jht 10111 dolad 0I!h4 t.otIIIB conVoL In Iho . . ,I .r on .00000001.. y bllw"n , PI0911n1 Lilli. ",d. T"""cIi>n 51a1,moDl TII!ISI$n S ~ l I r n t n l 11118 100000001helo"'" and co.diIIon•• IhlllillOdAdv.nQl.

lW. "ylnal POOl,",. AI!1 I i l * 1 M 1 I ~

_nTCfC . .d1lIIiII.wh•• ow

" ~ ! \ 1 9 orhe""f\ormil/oiI.llllCiwllllllfWri!Ion o. oraJ,

.. .

IIrWI_ y ihI,seot",. In noconl"tlellCy, wh6llror try . . . . . . 01"""_ 1 ",1III1\Ht!Y .r!he """'iI duo horaunrlo. M ~ , .h.y ChIIlIlI 0 I I I I 1 r r r ~ ' " fa., 111l1li"',

_,old 0119"-.1 10 lit " " ~ 10

TCFC..,..., iIIfmillrrlum a<nOIMlI po!IIlImillo"""" a p ~ b r o IIw. rl IIomIlllIoiw__ Cl1I!geS _oIh.",,,. lit JOIaI>IoIIITCfC"_ rillf rnPI_!tHoiwI.,..,n!, !hiC/Ia"lta IhIJbe red.""",, rrIIJtmt/m IrrIOIMI ~ 1 I n i I ' o d .ncIor IWliorbiliIIW; Ind, ~ f n > n l 1 l I V d!CUIMranea, TCFC IMQ IIIYo .... ,'" lIjiIWlg .f.,101 dlllllld ~ \ t N 1 1 try IfIjl!Icabllllllll II.,_ Illie nwimlmllnf<o1.moun\ .lIIamOUlll e q u ~ II"" . . . . of_ ,.01 lit ",pied II WIt _ Of!he !IIiflIjpollmounlol_edl1OlO . .dnollo !litp'I""",'ofCbI"" ... or K ,oIIIXea"'"__ ..orr,!heU/IjlIJd_orr.. pMGlpallIIlOUnt of_ow. ' ' ' ' '_IIWI bo tWr1dIdro flroofer. AICh-U" poid oreg"'"10 be PI!d II cFO. "'hl....., bllflf*iIiIo II1II, H be IIMItlr.od, """",,, IOoaIId " " . . . . , I>r!IUQI1oUIrIII M .... of.". AQlltlllinl (IIIC\!fVog I",h i 001 poI!odo)undl ",,,,,,,,lin of_I prlnclj!ll ~ I ! I o n I ooIrrg try """" . . hI! rill Chilli" a< ouch ftJl finnWi IOl IXc.t4 I,,,r_um mOlln! porm/IIId b, applcobi. Jaw.

:la, LIm. .Uon or B'mod" IIIdOwHl, TCFC ondOml ",'11 111M "!he .",1.,.,. M, II/ojIUIo roiaUr\J co 0' a<ts\Ig . .nn. 01fh III Ag'..... n ~ ~ . '99"'''''DillY IMllIOIbo I n I ~ o d l . P W l I I I I ...... ~ ~ 1 I I I a I damaglll, connodlon..wr ••y.- ' r i I ~ " " "In . . , w ~ """d o "'0 AI,. .monl

.or.




"

21. MIIC!I!II.p.DUI.

(.1 n . . ; , . l I l Iu_. tho por,.......... 0111..."1111.11.,,, iIldW Ih.AD/I_I. Ally w>lvlr by leFt ., • D , f l ~ 1 JiI,n only II offcttlv.11 In. W!iIiJu Ii;JIIIJ by TefC Ind "1waiver .10 Oof,u/i In I p"U"'" ~ I I ' " " ".I.)llltlobIO".LIIIhII I14t bo. wllm., .Ihl' 0111111. or.f tho II1I1I klod., O,'ouIl'11I10th" tlnrl. mo&Iic.I'" .llh, ~ " I shill b ~ d me . ~ ' " wllUn, . ~ n o d by TCFC.

Tho All''' ' ' ' >hili hr. " lire btneffl 01 TOle IOd h . . . . . '" and.1IlQna Ind l1li'/ b . . IgrJtd by TCFO It wIloio "I I prrt. R'I.,..... 10 TCFe 111,1 bo dKlllOl" "'it to

me.1Id I" " " .." . and .. . glll. 0111" . . nOilloipllll,AlIIllII1OIIwithoit tho prIo< wrltl"''''''''I.1 tefC. ThoAD/. . . . .1 h,lb. ~ n d l r l tho """"","" .... lhw'_11I'a lift •

p t ( & o f I ~ ' l I P " N I I I I l i \ ' ' ' ' IIjCGr,)3ort and 1IIl!l(l!.{.I nt.Iw ,h" ply 10 YcFe ''1 d"". .d . , . . ,""", Ift.",.y.' tN' ,l1li {'8'I "JlllllII ... oth .. "'". "'" . ."",'" ~ ' , " , d by TCfO """,lion With " I . b i l h ~ . "'«""'III.p . d O l I ~ 1 I ot, prol. . IJv and I I I r o ~ 1 \ g hi II.,h h. C " ' I « ~ .nd oolflotlnS Indll .om .... " II " " ' ....wllh ' " y m o ~ H . . I''I 0' Ih. AIt>. . . . JIIY Dlr'''t "I I ,,,,,,,II,,, wllh Ill'(

1011011"p' . " ~ n w u n d " l I l ' ( IIlfl1wplCY Mil""",,! IwI.Ally p , , ~ ~ , " , . ' ! h I AII I_ ' I ......... JdId.1 i1111J11t1l110ll " ....""'t\tn IU III prolllil'odby low "'all III 1 n . , ~ , l i Y o l O th. "tm, or .lIlh p m h ~ l I l o n . W i t l » r l l " ' l I I a l ~ g Ih.

1 . . ~ ~ p r Q " ' ~ 1 I I """f. ' '{ol MWOld. 'lid .h.11It ,,"dll.I"".'" OIIIIIU.d I. '" of such nun/>c< ond good" "Ih.elre'lIIJla",. . ""y leqQr" H. ~ " I •• I for1"" ' ' 'p..,..... o n ~ 'n; IhiD nat datumll,

lhomallllngor ~ l o r p t I l a l " n or th,Al "_ I .

U. 'y.{nn. . ;W",h,U!,196IU," "UII I . Sty/'I' ~ o I v d , whath."""", (01"'HIM {LI.:

!db.!5102 'artl.nd R,lI NE

SISRI,ltR"d4JB4 P"Uond HI

,.I,mE'IJI!I'l.rllM

c.""La"lII .line

!!il! lJA .wL Tnllo Sty/oneill'DR enos o eyll""rl . .,"", 00 .OR 17404 o Old.Sp'''''''I'''OR 17105 D W.r,htuH

23. 1",oU"n.... Tht. {SA""" not bjo,,,,,, contraollmlD .. "lid bv TCfC111_. AoGIjlIIllt. mavh by ,,,,ill,. o'iQ,Iw,. a"'''1Wi. . rol'" ol.. opl.Ol\••

24. AND TIll OTHfR WRmIO! ItIllIIRiD TO HERIIN MEPRlalllT THE nNAL AIRIEMiNTBOWliN THE PARn!!.

IMIUDY :":ii'Nor'ii"cai;;:';'IDiliiiED HUnO AND sumllOi AU PRIOR AGREEMENTS AND UNDIUnNDINes REIA'IlNQ TO TIlE YRANIAITIIONSIn. IY EVIDINCI DI PRIOR. CONl!IIPOhAlEOUS OR SU8SIOUiNf ORAL AGRiiMINT, Ot lHEPAnm$. tUIRI ARE NO

UIIW,UTTEM ORAL AGAilMEII11 affWiEil TIlE PARnEll. Unl",,,pfI.sIy pro,;;od In ,h••gll. . . . till ~ g r . . I\JII1 dOH .ot,"mln!!, ••y.tIt" . .."It, \IJ1.. . t botw. . . ltfClad If.llir.

Dmdl DtOlfllbll II, 2000 ,

DfALIR

CycI. $portS 0' ~ " I t I I . l n L

Davldi. Colla. ...""O.otvl::.j"'I."'co,,":::'"'-____________

{s . 1

PrlntH_ t4W,, "o CAMILL.O

.. "ltdln IIII"{,,

11tIr. Pr"IIMn'r . 0.. . 8.S. 116., 93-(;)%309,

IDnIor',eN.I ElIoutiY.Olfl" .nd PrincipiiPI", 01 a' . . .

5)03 l? . , * \ ~ ~ Q '\)[J

II D , i ~ b .p,nnnlhlp or irrllld " " ' ~ I Y ~ . 1 I I 1 1 1 GMlrdP'nnlll·"Mlrnbu.'nomu.h . . . ."".".II.d r . o ,,$.8.11",




'.

' I,: ' '.

EXHIBIT 2

. '

'.,'

• I' " ..

:.' ~ " " . ' : .r.0' •• t. . '.

... • \I -: : .-,'" "'\.' i, .. ~ ~ . :

'r : .. ' . :

. , , ~ . . '

. . .

~ . , .

'XtWfC8 CQRPORMIOII19aa •• 206 ~ U n G IL ~ Q 1 7 ~

" " , ......... " - ' 'Wl I I : IO. ALL DBBrOR.'B PRl)PDRTY AAD

PJ\Q'B'\"r'PJ6<;1\IBKD 011 AtTACHKD BXHIBXT A-I.

OR HIREAI':rBR. IXISTlHQ,. 'a-zHRD, LICKNSiD. LKMHD,'OR Al\J:s:ntG AAD. WHRov,R t,.Ol:A'rM,

LOO.ATlCII lUJ, I f M l l T O ~ Y PlNmCED BY

PAATY /11«1 j'.LL ' 1 < O C B l I ~ ' .H.B.BO',

tn:ANOARD FORM· FORM liCe-I.

..

WA,lKIN

Exhibit 2




Subml\ this fo'lll ond fa.$10.00 JMt rona. IIICOIIITtrmlnlUon

STATE OF OREGONCol]>OrabQn O . ~ " ' " UCC

Pubho SeNJce Bultdlng~ S 5 C a P < l o t $ 1 r ~ N E SUltet51

salam OR 9731G-t327(50311186-2100 FIIC$U\\IIQ (503) 373-1166

25069003/0111999 2 291'\1

ucc-a STATEM!!NTOF lERMlNAT/ON, CON1lt.UAnON, ASSIGNMENT, I'lElJ:ASI:, AMENDMENTWRITE Y READ INSTRUCTIONS E FILLING OUT FORM

No • '!J!\''il7 DAI/t Flied Q 1 1 I 9 1 9 ~ i l T Y P a O P A ~ E " D U S N T n enMINATION (NO FEE) Th.. SeculGd P.rty unollesthatlhey no long.r gDIM

JI1Ie-/O$I ~ n d Q r ltie flnanc.l1g Sfaf'lnVnl bBannglha Me lIumt-Br .show'''' &1'1 S ~ C T l O N A.::J C:OtffiNUATfON Sulmll"odwllhon . . . monlh. pnorla .'plooll<>n dilte

::J ASSlClNMeNT Tile SOCtlr&d Pal\Y OUlnM 10 the A S ~ g n e t ' w ~ o , . n.no a n ~ .ddmsI l s h o ~ n In SECllON E' nnd boAnng IfIe: '110 nqmbe,}hown In SECtlQN A

"J RELEASE RELEASE DOES NOT T E R I . \ I ~ T 1 l DEPT Fooro Iho collalo.a! d ....bed• In t ~ o fmanclno statement bearmg the -"ie numbel :!.ho\\n In SECl'lot-J A. lfoe

Secured Party releuU 1110 fOlloWing {descnl>.,n SECTION a I

hie one :J Roloase 01 all ColllltOtal --.:- Pllt1.,.\J R ~ h ! d 5 4 '

AMENDMENT AnanCtng $!at(lm&f11 bOilormg hie rumlJcr shOwn 111 SEC "'tON A 15

omondod 0$ ~ b . ~ II> SECTiON ( l e'i"alur. of Deblor r ~ " o d In mo.'~ i l H '

C DeBTOR -HAIiEisr-

( \ l\,L !>PURT .or .Al.l 1 1 '(

~ - - - - - - - - - - - - - - -3

O L ~ [OR MAILoNG ADDRESS

<103 PORTL"'''D ROAD" •\o\LUI, OR ~ / 7 J 0 5

D SECURED PARTY(liis) JiAllE AND ADDR\!SS

TRA...,',\ \. . RIC." ( U ~ I \ l l K ( ' r \l - • 1"'",-'0 (OItPOK.HIO\19JJ 'ORTII \!rO\L1IA." ROAD ... IT t 110\cILoIol MB! KG II 6017J

C I N It.11 ... M " R " ' £ D I \ I ~ I O ' " on Bel a m ~ ____ Phone No

I!. AssiGNEE /lAME AND ADDRESS 1.1 anYI

Con'Btt Nasre _ _. Prono No __

P L I ! A S B A \ l E ~ D stelRBDPAnn(ll l» ~ U D R ~ T O RlAtI

S ~ 9 ! I nULI,,1I \ t HI,\ I )

HOFFM.,-, ~ n . U l : S o 11, 60192

l1T'o \I.1.Rl' E 01 \"10 '

F $IGNATURE6 In r C O / d a n ~ "Illh ORS SIaM•• ALL I W C U R . I 1 . . f A ~ mu.' .Iun o')£c 3i'if.ip

By \SLl. m.lliill:3-----By - - -

By ey ____ ~ ~ ~ ~ ~ ~ ~ _____S c < : ~ ~ ) ' V " ) Signature Deblor S ~ l ' j a ' u l l 1 ( s J feqUUed}-- -

R"MIN o;opVTO {rOInO o o : r _ l -"'''''1)I>l "',,"""'"Oftmd<elol<lao .. . OR fAX c;opyTO r""",,,,, Iax_

• TRANSAMERICA COMMHRCIAL F I ~ C 6 l Ns",.

CORPOAATION - MARINE CREDIT -USA RAMIREZSS9S TRIWUM BLVD Fa. Numbor_________ _

HOffMAN ESTATES IL8D 192

,,(' r. .... ,<;,\ _:

I I' f r-'f EFc

01




.'

UCC-3ST!.Te 01' OREGON

CotpUraUcn OlYlalon - UCC266 CaP/lol SlIeol NE, S u ~ . 1 ~ 1

Salom, OR 07310·1321(803) 9 8 6 · 2 ~ O O F ~ l m H e (503) 373·1166

25069008/04/19§9 3:18P:vJ

OR S e ~ . of S l l 1 t ~

STATEMENT OF TERMINATION, CONTINUAtiON, ASSIGNMENT, RELEASE, AMENDMENTPLIiASIi TYPE OR PAINT LEGIBLY. RcAD INSTRUCTIONgeEFORF. FILLING OUT fOPlM,

T h ~ IfMn,l",al i i_I I , PfO'''''" 10 "'log om",P." ...... I. h. Uoll.... Q""III"'11i ~ o d f , TIll. _Mlldlllf11._1 ....""_ or I ..... " ,I1MyU " frOft! Ihe . . . . ell' fl"",unl . . . IrttrtMd for .ddllJoMI ,."04', .. pr.Y14t4 '«byORi Chlpkln. /It ""'It, p . h C l f ~ h l a , . , tat., "IPttd,II:rUan QflhhlfOlTlLllf\lMlng IlI1tftN"" . , IHutItp' Af'H"MIII mil" !Illd I t . lMnClnlllllltmtnl wnw ORII Chaplet Tt. . _ ._____ ___A, THIS 8TATEMENTRI!FBRS TO ORIGINAL FINANCING STATEMENT 10• AMBNDMENT INFORMATION

~ N ~ o . : . ; , = = : ! $ 3 ~ l l ? . _ ~ ~ . : : -.-:.=..= = : : : : : = = : ; ; : : : = = ~ O ~ a l ~ . ~ F I ~ I . d ~ : ~ : : : : : : : : · = ! = ' · ! ! : f " ~ , , ~ r = : : . Ulllllhi. area 10 11.10011110'0110ho- - - - _ R " I ~ " Q ( I , Amendlllf/nl ~ e e o r l p t l o n ,

II, TYPE OF AMENDMENT

::I TERMINATION (NO FEE), The Secured P a ~ y cerllnaa Ihat Ihuy no longer claimIhlo,.01 undor tho lIn.nclng '1IIem,n! b'Plrng Iht (,1. numbor ahOwn 111 SECTION A.

CONnttUATION, SIIbmIIt,d within ,Ix m.nlh. prior 1 . . .pl'IU.n dill,

:J ASSIGNMENT, The Secured Porty IIIIgn, 10 Ihe AulglIOO 1'01\048 MillO aM

oddl8•• I. shown In SeCTION E and bOIling Ihd 01. numlla' .huwn In SECTION A.

Choull on.: Crull ,""gnmenl :J r.l1ial ..... gllm.nl

:.::) RELIASE. RELBASS DOEI NOT TIIRMINATII DeBT From Ih. eoIIaler.1

doaalbGd In Iho ftnancll1g 11.lomenl be.nng Ihe nl, numbo, shOwn In SeCTION A, I

Ih. S.cur..t p,l1y "Io .nlhe fOllOwing, (de.eribe in SECTION ell

Choo. . ana: ::J R.I. . . . 01 II Collaloral 0 Palliol R.,oa,.

o AMnNDMIiNT, F I ~ . n c l r \ g "alemenl bearing nl. number ~ ~ o w n In SeCTION A I.amondod a. dGlcrtbed In SECTION G, Slgn.lure.rD.bl., required In mOiloa" .--..:.:::=----------- ..-... ...----

, DBBTOR NAME(S)

1. "Y:-'L; j ' j fOH n, ;'1, E:J.1

2,_______

3, ____________________ _______________________

DEeTOR MAILING AOOIII:59: ;.- M ;- : 'i r, \' : l l : ' t· :, r~ I ~ l E'.;t :'In I, ' ~ ~ j . ----, SECVlUip PARTY(IBS) NAME ....ND AODRESS

:".-..NS",J.'fIlIGA C · ~ I M ~ E f t C I ~ \ ~ 1 t , A f \ ( ' ~ (n rtJ1'· .... •fSOS fRI I.IllM hVO

flt,PFM.w I:STATfS Il eOI ..

Con\lCW'l.. . ~ · , 6 l b B . l t & ) ' l"I 'II·". Phono ND : , = = = : : : : : = = ~ e. A8810N&1! N-.MB AND AI)OIUl8t1 (llonYI

C<Jnlaal Nlmu; Phone No : -_ ... -

and olher Inlonn.non.

;'" ,,71". ,ll··"! h .......... !:' · ~ E o · ' ".n rf ,.1', "

F. 8IIJNAT'dZ8, In B ~ r d ' ' ; c . ~ I I ' OAS Chuplnr 70, ALL SECUReD P A R ~ ~ mUll 'illnU(l'l FMirlQI.

OY' _ Jfl. @jlfAA.t; _ _ _ _ fly: t;: \ ..h-

By. _ _." .....__ By' ------.......,-..l.dl-------_ ~ . ! " " ' . d rorly(lo.) S I U " ~ I ~ r ~ _ .. ". Deblar Slgn,IuI.(.) II ~ ~ ~ _ . ___ _

RBTlJRN AOHNOWLEOOMBNT LmER TO : ( I n d u ~ . n.m&, • w.... nd Id.Na" for Ihl debto, 1I!I.d .I>ovo. Umillholdtnlll" 10 .lgIIl CIIancllll,REr:tiA TO INSTRUOTION, NUMOeR 1,) . . . . . . " D I I y ~ . 0' plInl ou"' •• III b . ~ t ' d l in.

I A'SM . r : ~ l r .• r.;,r,1I,lij"; , • " .. ' . " ",

FliES

"f-U!l.'ru·Lj·1JB:.U W"'t f=-t •• ,H · · f ~ . ' A \ ' · . i ' , j l l · r · ~ r. Of

J \ ' I I ~ "kR 'i f J. V I ~ h . " ) r . I " . ) I ~ tI rNOTe· ' . " . , ........ ""JOId wIiI VI"" 01101_'<1""Thl """ . . .MI. . . " " " " . . . . . . _ . . _""•....-_r>f_IotVINI_,

1>0 NIl' IUtlOTIlUP'lldATfI"_'DIU! NIO/OIO A I 1 ~ , I.'IUNO OFFICIlR

,t:!!




- " - ' - .... - -

1uce FINANCING STATEMENT AIU • :.· ... " . . . . . . .

(GE Commercial Distribution Finance CorporationPO Box 6610Orange, CA 92663

L

for tho addlUonl\ pOriod provldod by I . .

." .-- •...

2506909/1/200412:39:12 PM

OR Sec. of State

4. ASSIGN ENT (lull or p I r U a ~ : ow. I I ~ oT«.tlQnooln l ~ r n 7 o . o r 7 b Md addfoMor 1lM1g1\&G klbm705'o/'IJ:I 0I10qWO nOlll'Jpf([.lI9nor ... komO.

6. aNDMENT (PAR-TV INfORMATION): T h I & A n ~ n d m e n ' alfeo\& Dablo, 91 80bU/.d Puty (iiOOrd, ¢h8<lk onlym 01 thoe.two boj(.,.

AltO ohtook.Qlll (lItho 100Iowhg Itll"tOI!ox•• ·w tQYIdfi ~ p p r o p t l .. . hrormatlOllIn to M GN'40l7.

Dncrlbo·oolllll.oral

g, NAME QlrSECURED PARTY RECORD AUTHORIZING THIS AMENDMENT (namo o f « ~ IlOrjII lhIe Ie anAulgnlhtnl). 1111\) I'M AmtndrTliorhtll\li!)lf,tod bY a [MbtOl"whlQlf

Mdo o o l ~ ' 1 I 1 ore.dd8lhDlIulhOlldno OIbcoT, or IlIdf Is a Termn.1lon .u4horlzed bv a Debtor, chKk harD and enll1f namo Of DEBTOR l \ u t ~ O I l J 1 n g IhI.AmBnd(nenl.

a a AME

GE Commercial Distribution Finance CoroA Db. INDIVIDUAL'S LAST NAME flRaT NAME 0 A 'SUFFIX

10. TI FllE R FSRE. DA "A

• Cvole Sports of Salem Inc' trans! 107498- or- 01119/95

FIUN" OPl'leI! cOPV _ NATIONAl IIcn FINANClNR RTATFMFNT AMFNn",FNT IFORMlinml IRFV. 071?l11RAI




1012841605UCC FINANCING STATEMENTh •••_ . ,_,,,_,,,

[GE Commercial Dlstrlbullon Finance CorporationPO Box 5610Orange, CA 92863

L

2506909/1/200412:39:12 PM

OR Sec. of State

ASSIGNMeNT (Mf or pNUaO: Glvo nlrm O!IIUIgnIlI In Item 7uI 7b Md addRN of A"'9Utlnlam 7oo-Moil ' l , o ~ l v o nAfTIIJ of attfgnQf In ftom G.

6. AMENDMENT (PARTY I ~ O A M A T I O N ) : 1hle Amendn'l'll"1ei'oott s,ou,ed PfJ!yOl rdOOld. Ohecl\onl)r9llt ofthah lwo ~ 6 " Alto ahllck.£illD ollbl lolloMlp lIvee bOXlllllli proW:Ie 'PPI'opTlalll /nfoUlll!iUoo In i!.OJna; GMd'or7.

TRANSAMERICA COMMERCIAL FINANCE CORPORATION

CORPORATION

001lal0l4'dnorlpllon, QI' do.orllle collal&ral (jaUIO/lIld,

g, NAME op·SECURED PARTYOF RECORD AUTHORIZING THIS AMENDMENT {ne.MIi'oIa oor; ",/it" anAAfllnlnllnQ. 1I1h" It fI Arn.ndn'lellf.eu.Ih¢.m fW« ( ) G w « w H ~ .dd.-coU6Ie,a) ad4.Ih, 8\11hQIWtIli D . b ~ r , or 1I1hJe.1• • Tlrnm61bn Iulhorf;:td by . Deblor, chlok mi . end c,,'IlK I'IIlII\e Of DEaroo Ifllllll\orllng Ihl, AmeMmlnl

a. AN ZA NA

OTransamerlca Commercial Finance Corporation member of GE Commerlcal Finance Com

R Pb,INDIVIDUAL'S LA8TNAMIZ fllAST NAMa MIDDLE NAM

10,OPn PI E F S R ~ C I ! DATA

• Cycle sports of Salem Inc· Irans#o10749B· or· 01{19/95

FlUNG OFFice COPY _ NATIONAl IlnO r::'INANGINA RlA l=MFNT A M P N n ~ F N T (FORM I l r . ~ l I R F V . 071?lt/Aln




2841UCC FINANCING STATEMENT I-\'VII;; .. . ,. . . . . . . .

[GE Commercial Distribution Finance CorporationPO Box 6610Orange, CA 92863

tOf Ihe a.ddNonal pirlod provl<lod by ,..

2506909/1/200412:39:12 PM

OR Sec. of State

6, AMENDMENT (PARTV INFORMATION): ThIs " n l ~ l \ C f n W n l a1lul8 89CIJr.d PIItY pf ,Gcord. Chackon'" JW.I of IhOM 1M b o ) l o ~ . Aleo dlookRlll ollh" 10110,,)10 Itv'H 1Iox•• 14lI provide IPproplf .. Won7Xlllon III . .maG ~ o r 7 .

D s . c r l b o · o o U a ( o r ~ 1 tl.",.,od "Hod',,,,

O. NAMe OF SECURED PARTYOf RECORD AVTHORIZINCl THIS AMENDMENT C r o n ~ ,I .

.dd, oolaleral Ol"add,lh lIulhClrhlng Debtor, (If . 1 h l f . 1 ~ a rerniolai\on a.(I!.boflzedby" Debtor, ;hf,k hot.

90. ORB [ZATIO N e

GE Commercial Distribution Finance Cor orationOR 9b.INDIVIDUAl'S LASTNme F1A8TNAME

10. OPllONAL fiLERRI:FBRENOE DATA

• Cycle Sports of Salem Ing· trans# 107498· or· 01/19/95

nor,IC1ij:,It Itn Mtlgnll'*\l). IIlhJ$JtM A m o o d ~ ' w l f i p d ) ' o d til a D"6blot't'Allr;tf

Md tnlti'nlll'te 01 DeBTOR " ~ I U f n g t h J . A m e ~ f M I I l .

ODLSNAMIi SUFRX

FIUNOOFFlCECOpV_NATlnNAI linn FINANOINARTATFMFNT A M F N ~ F N T IFOAM I/OO"IIRFV. n71?M1Rl




07/20/2005 13:58 FAX 848 475 1085 CDF-IRVINE-CREDI7-." .. -... "- . -.. -- ------.

I I I I I I I I ~ ~ I ~ I I ~ l / ~ I ~ l f l ~ / I ~ I I I / ~ ~ II ~ I I I I I ~ ~ / I 8000081507uoc FINANCINQ.STATEMENTJ

raE! Oommerolal DI&trlbutlon Flnanoe CQrporatlonPO Box 6910Orange, CA Q2883

L

'Cypll! Sportll of Salem Inq.· AIMS! '97428.11191$§

250690

7/20/20054:56:31 PM

OR Sec. of State

OA

•_If INtIi .... I I ' I I " " . · I " ' I \ . V _ h J a . , . \ I " \ ~ 4 1 r IrsnJlJN,IUJnrAln IIITiIl"TI=MP"1\IT ,e.UP'NNII:II.IT'-'RUI '(",fIott/lit"" ttr»CilQA'

07/20/2005 WHD 15:00 [TX/RX NO 65531 ~ 0 0 2




UCC FINANCING STATEMf

f4'721111S. V4I2010

Corporation Service Company285 Liberty St. NESalem, OR 97301

L

State ofOr.

Conlfnuatlon 1 P : : a ~ 8 )

250690·601/04/1002:41 PMOR Sec. of State

v

't. AsslaNMENT (lull 01 p •U"): Gtta nllJ\l!Ior IUr,ftlllII II itt'" 7aot7blncl'adll'luol... In ilwn 7 ~ . n d .'111 11M! nlme of l .,,,norn illm9.

5. AMENDMENT (PARTY INFORMATION): lhl. Amondmtnlalfecl. Seculed Part)' gf f ' ~ O I ' d . Chick only S!IlIIII lheu lwei botn.

Cl-iANaEnimllandlOlld4I1I.!PlN5' 1IDllolhedl!.ailGdlnMlGlbn.ir al & a In Iha e/addleuofa

DElETE name: aMi ,ecO,d nllnabade ed 10'

ADOnaMa: Canp/ele item 71 0I7b, ...... alloilemallo e damals.1 (11 I II.

6. CURRENT RECORD INFORMATION:

h. OROAlillATiON'SNAME

CYCLE SPORTS OF SALEM INCOR eD,INDIVIDUAL'S LAST NAME flRsrNAME MI ENAId 6UffIX

7 CHANGED (NEW) ORAOOEO INfORMATION'

7L OROANIZATION'SNAME'

OR7b.IND/VOOAL'S LAST NAME FIRsTNAME I.lIODLE NAldE' SUFFIX

7c. MA/LING ADDRESS CfIY STATE _rrniTAlCOOECOllUrAY

76 .!igEINST6UClI/lNS ItD'L INFO RE4 I70.TYPE OF OROANI2ATION 71. JURISDICTION OF oRoANIZATION 711. ORGANIZATIONAL lull, If anr

g : ~ : = A T 1 O N I n""""8. MlENOMENT (COLLATERAL CHANGE). ,huk onlyDn l b t l ~ .

D"c.rille GOIlII"., 0 d.llid 01 Olcld.d, 01 13"'0 onIIlIlO,ollll.d ~ 1 I . l 1 1 1 1 duc.llpllon" 01 d l l ~ l b e ea/llle", DUlllind.

9, NAME OF SECURED PARTY Of RECORD AUTHORIZING TttS M4ENDW!.NT (IIlme rllI.IgIlOl,.\hh; I. I n A l i l s l n m . n ~ . 111111 II IIIArn.ndmDnlluthodiodby . DllbIOIYotkh

.dd_ c.oUa,"d Of aoU, tho luU\oIIlInll o.blO l, OIl1lNal.a 7111m.lnallan ,"hefIIH by I Debtor, ditGk hlrll and onl.tnaml 01 DEBTOR IIIIhorldl\9 WI Am.ndmenl

91.ORGANIZATION'S NAME

GE COMMERCIAL DISTRIBUTION FINANCE CORPORATIONOR. 8b,INOIVIOUAl'SLAST NAME flRSTNAIdE MlOOLENAME SUFFIX

to.OPTIONAL AlER RefERENCE DATA

CDF . MOTORS PORTS • LA YAMAHA MOTORSPORTS ·1577870001 DEBTOll 4721711S

FILING OFFICE COpy - ucc FINANCINI3 STATEMENT AMENDMENT (FORM UCC3) (REV. 05122102)




UCCFINANCIN.GSrATEMENTAMENDMENT

raE Commercial Distribution Finance CorporationPO Box 5610Orange, CA 92663

L

,

535885

6/27/20054:42:21 PM

OR Sec. of State

6 . AME!NOMEt{T (PARTY I N f S A M A T l O N ) ~ ThJ&Anterll{monl"1:1111"01& 81tOUI'Ild PIoI1y.QlI*rd. O h e ~ ~ n f y . c o l . ct\h,U1t11'JO b G ~ ••AllIO dillck llllI,ollOo 1 0 1 o \ W \ ~ Itv'6eboXpw pmiCio awoprrilllJ WQI'«dIon 1n.101l'ol8''n6'<<7.

l'RANSAMERICA FINANCE CORPORATION

'g , Nf1M2 QF S , E C . ~ R E ! l PARiYOFRECORD A l J T H O ! l I 2 J N ~ lHlS AMENIilMEtrr I.'"",,, '" """ II \h.'....... ""'n, 'flh!1" ",A",,_,"""""d", 0'1oIo!""""add, totl&lor61 or ,ckJlJlh' iUlhodrltlg DebI(I(, -prlf thlt 1& * T 6 f t r l / l . l . ~ : a \ f h O i l l o d , f q l l Doblor, the6khwo (N'Kl eMwname ofOOBTOFh.trthortiln.ll Ihle AnHnr$hlenL .

ga, OR I NAMe

Transamerlca Commercial Finance Cor oration member of GE Commerlcal Finance CompanlasQR Qb.INOIVlDUAl'61A8T NAME FIRBTNMlE· IDD.le N.\ME :SUFflX

10.DPlIONAL 1lER RiFE.FlE &D;\1A

"Cycle Sports of Salem Inc." AIMS#10749B- or-12114/00

, ,




.uCCFINANCINGSTATEMENTA l \ t I C I ~ U I V l . t : N I

[GE Commercial Dlstrlbulion Finance CorporallonPO Box 6610Orange, CA 92663

L

5358856/27/20054:42:21 PMOR Sec. of State

&, A M . E N t j M l : ~ r (PAAl:¥INF.(11AfM,TIONt: ThI'AlJ'lIIrkJmenr-'o.IfII'Ma S ! k l ~ r 4 d P(Uly bf re'cPl'd. O ~ O k . o n l y A n l . o f l , h . " . J \ ' K < b b l ( J l l 6 . r All(! ot\odtmR.oIlhe I o ~ 1/11" box" proW;le Gp'prop!1tl5 IN'orll'\lllQllln ltlJ'l8l8 IIl)6'ort.

9, NAMe o F S : E ~ I . J A E P PARTV'Qf·AEPOf3,O AV'{Ho.RIZtf\.!Q 'THIS AMENaMENT ( t J d l l l l ! ~ ' Of,lllw.. I ( - a n : A . t I ~ n , lUll" f,Gh' A r ' I W i q ~ p l . 1 I I ( I h o " t : o d . b y G D ~ b j o r ~ o h add, co14!ttal or add, 1M lull.hoddng 0,6\or. or H hilI. a T I I r , m i 1 l 1 o n : Q ~ h o I f u d f1(al1,blofj' ohl4lthore &lid . , n l ~ l J l m o of'OEBT.OFhulhorfiJng lbIeAtr»ridimnt.

9a. ORCl IlA (j) S

GE Commercial Distribution Finance Cor orationO..R 9b, INO\VIOV ~ B U 8 T NAME flR8T NAMe· :8UFFI)(

1a.-OPTI . JlERRI!FERE OA A

"Cycle Sports of Salem Inc." AIMS#1 07498- 0[- 12'14/00

a : I I I M A ~ . ' C I : I " ' ~ . ( ' n D V _ M 6 . T l f ' I " I A I IlnOf;I"lA'tJf'!IMf.II cn":6.TPU!:'hJTAnJ:Plnu.u:;MTn:nRu JI('".r..,\ 10"11 f i 'ma/aAt




EXHIBIT 3(Guarantee of David & Kathy Colfax Dated 12-6-2000)

GUARANTEE

I'orvalu8 received .nd In conalderalion of ilny loa .. or other financial aCGommod.tion of any kind herelorD.. . now or hereafter madeor given by TllnllrnerIU Commarcl,1 Fln.nca Corpor.llon ("TCFC") to Cycle Spo ... 01 Salam. Inc. (lha "Dubio" or Iv a custome, or theOeblor. Iho undo"lgnod (Iho 'Gua,anlor) un"ndlUonaily gU.. nt . . \tie rull and punclull paymenl and pertorman. . when dUI. whather"pon demand, .. malurity Dr earller"by reilon of Iccelerallon or otherwlea. and al all Iinellheroafter, of III or the Indebtedness i1Ind

obrlQation. of every kind and nlliure of the Debtor to TCFC hoWlOIver erGatad. ari&lng or evkIencad, whether II1&il\g before or after ..bankru"tc.y 01 ,he Debtor. whBlhflr dlrlltil Dr Indlm;1. ab5olu1a or contingent. joint or Mveral, now or hereafter f1xiallno. or dlMl Dr 10 blaomedIS" ("" such IndebtadnBIII Ind Dbllglltions baIng heralnafter referred to '9 tne "UabIdtIes·). The Guaranlor fUr1l'M1r Borlis to pay on demandall gOII, anCSIXJ'.nIl5 incullid by TCFC In endelvoring to caMelOt tll8 Llabllilits or In ."forch,g Ih " Guaranlee.

This I•• gUl13nl .. . 0' paymenl and not 0' coiltotion. Tho IlUlrlnlor Igr. . . Ihlilhe obliglUons or Ihe Guaranlor unCier Ihl.OU.flinl". thall be u n ~ n d i l i o n l l l , Irralp."liVe of (I) thlt invalidity or unenforGeobliity of the LI.bilitie. or any IIgr.ament or instrument relaUng10 tho LI.blinios (.omellma. hlllln.ftar referrod 10. colltocllvlly. u the "Documonlo', or ony law a«eeting lho Uoblllile. or .ny Documenl; IIQ

tho Ib,en. . 0' .ny 'HemPllo . . Ioct IhI Uabilllie, "om Ih.Debto. or Imm any o\tillr porion prlmartly Dr . . . .nd.rlly Uable willi r.spool 10 Iheliabilities Dr of any attempt to realze upon any c o I l ~ a r l l 101 lhe Uabllitl.5. for th . obllgallOl1. of .ny such other person, or for this Guarantee:(III) IIny '"nure by TCFC to ac:c{vlrc, perfect Or maintain. security h\terost In or to pral9Cf any coIlareral for tha Uabnl}es or fOI Iny luchobligation,: (iY) anY do,"n.. rI.ing by r .. n 0' any d ~ l b U I t y 0' other dor. . . . . .1 hl Cebtor or 111)' olher porton IlIbte on 11>. ~ 1 . b l l ~ I .. (v)the acceptance or addh.lonaJ p 8 n ~ e I i Plknarhy or . . c o n d i u l ~ liable on \he UablliUel; (vi) Ihe dlsllllowance or avoidance atBII Dr any porth;," ofTCFC'o Claim,.) 'or "p"y . .nl 0' tht U ~ l I i l l e ' or olony . . Iate,al lor Iho LI.bIliU. . or (.lllony olhir clrcum.tanco which mighl olhorwta.conilituia 8 dIscharge 01 defen.e or. gUDrlJrnor.

Upon lit default undar IiIny Dooomunl, TCFC may proceed dlrlldly and at once agaltllllht Gu.rantor 10 collect lhe full ,mount of IIIor any p o ~ i o n 0' Iholl'blilly 0' the GueranlDr hereunder. ",Mhoul nollce end WIItlDUI firsl prGOIIeding Bg.in,llhe Coblo, Or any oilier personp ~ m a r i l y or se. . dorily lI,blG on the Llobilltles. TCFC ",.11 haUolho ",dtr11v8 rlghl 10 dllllnnlnlllHo oppbUoo of payments and CI1OdllB. Kany. ftom Ihe GUlronlor.lho Dablor. or any Olher parson prlnl,rIIy 0, .. ond.n!)' ti,bl. on lilt U l l b i r ~ I .. .

TCFC It heraby IUlhoriud. Wllhout noli. . (which is har.by wllvod by lile allOr.ntor) Ind wMhoul .ffKllng thl lI.bll;jy or theGUlrantor hereunder, from Umt to Umt to 0) renew. Ixtend, .eulerale or othelWlllll ,hange the lIme, p l a ~ or mlMer for payment ot. orother term . rtlttlng 10, the UGbIllU., or otherwise modify••mend, ChDnge or w.llI, r:M1p1ll'nca with Iho tarm; of Ihil lJabllldll or Imy of theDocuments; (6) accepl pertlol paymenl. Otllhe U,bVMi. . (Ii) lli<e . . Iolerol 'or Iho Webil;';'. and tho Dbl\llllon. 01 any olhor p"",n primarilyor IBcondarily Nabla on lhe Uabllltlul . .and eXdllnge. 1111. . , rullztl upon or In&lltulu any proOEleding to leallze upon. or liquidate any .uc.hcollalaral; (tv) apply IUch coUaftral .nd dirllct Ihi oralr Dr manner of lall IlHIr.or at TCFC tnlY determIne In It l diecretlon; (v) felease or""mpromi••• in any maM". 0, coIleot or i n ~ i . I ' any proceeding to colloct the Uabilffi•• or any portion t h l " ' O ~ (vi) .>Mnd addilonal Ioonf.credit and "nanclal accommodltlons Ind oiheIWla8 create add!llonaJ Llabll/Uel: (vII) enforce or InallUlIe any ploceedlng 10 enforce any OIhergUliranl", of the UGlbll)lJe1 Dr release, or comproml•• ln Dny mIInMr th , obiigg,lIonl 01. gny otlllr pilion pllmgrily or lecondarVy liable on thl!L I . b i l ~ I •••

Until the L l l b ~ l t l e s GI1d oth.er obllgilions of the Dlblor to TOre &hI" haVD been paid and dlllct1IJgcd in full Ind III Docul116nla(Includklg any convnllmenll With relped 10 any UablllUu) have balln tlrmlnBlld, Ih8 Guarantor Ihall have no righi, and agl181 II will nolm.k• • y claim. agaln.llhl Dlbior or 011)' o\tl,r parton primarily O. Moondlnly I"blt Oft tho Llabllillo. w ~ h rt",teI 10 or on .ceounl 0' 'nypoymenl w h ~ h Ihe Ilu,,,,,,(o. may make on . . . . nl of Its obllgotiona und.r Ihi. GUlrlnto•. inoludlng Wlthoul IImltdUon• • y right 01&ubrogallon, exonereU\)tt. rtln'lbuttement. c:onl.nbuuon Of indtmnlfdtlon.

UIh ' Debtor or Ihe Guarantor ahaD dta Dr If the Dlbtor or In l Gua,antor II1Duld at any lima dllsON' Dr ltrmln.tt Itt ' ~ I . t e " ~ . orbeeome In80lVent or make 8l1ener,,1 anlgnmiflt far th . benefit oJ uDdllala. or If a b , n k r u p t ~ , InSolVoncy or I'tOl'glnlzlltion proceeding thInbe flied by or 19a1n.1 or commenced In . ..p.et 0' Ih. Deblor or lho Gu....nlor. Iho Guaronlor ohall. lllhe option or TCFC. r o r t h w l l ~ poyTCFC the full amount which would be payabla hallUMe, by thl Ouar'nlOl tf.n U,blllues wert thin dLIG and ".YIl)le.

Thellua,anlo,waivta eN sel·d" Bnd oounlerctoim'Bnd all noU . . . . p . . .nlm.nl•• proto'lland demand' 0' any kind Wllh . .e",otto the liabilities lind Ihls GUlran\8a (Including without ImlLaUon demand' for performance. notices of non-payment Of non-pedotrnlnce.nolicl!ls of protell, nollcil af dl,honor Jnd noUe.. 0' 'CCtptanco or Ihle Guaranlee) Bnd promplneBII and diligence with raillectto theLlabilil. . .

T h ~ GU8lantor horeby agrees thai TCFC thall have no duly 10 Idvise Iha Guaranlor of InlOlmaUon MIll or hereafter known toTCFC regardlnlJ the "nancll'" or other conctitlon ot the Debtor or Illy other pSllon pnmarily or .lconcllrMy Uabll an ttl. Ulbllm., ar tOg.Qrdlng.ny clrcuMltll"lot bearIng on the rfak of non-p.ymenl 0' the UlilblliUel.

The Gu,,.nlor agr... o provlda ID TOFC. promptly .n•• TCFt' . ..qu,$Ilnlli1lfor. auch fin,nCIlIl,ltlements and olllOr finlnclII·record. and Infomrallon IUPllcting th l Gulfantot AI may be from time to lima requeal8d by TCFC. The Gu-lrantor authorize, TCFC toInveallgat8 or m ~ k a InqUlftt. 0' fOlTl\lr or cutrent creditors or othar parlon. Ind provldR fo Dny crtdltOrt I)r oUwr porson, any and allftn.nclol. crldll or olhor Inform.Uon reglrding or r . . lni 10 lha Guar.ntor. whether I""plied by tho Guo. .nlor 10 TCFC or olhelWl. . obl.lnodby TCFC. wilh .uch a ~ l h o r i l y to c o n ~ n u e Ihroughout (ho t, .. 0' thit Qu",,1H.

The Guaumtar IIgre81 that thl lal, of Inventory by TCFC to a perlon who 1& liable to TCFC under a gl.1i1rantee. endorsemenLrepurch. . . _groomenl or Ih. 11101 lhell not be d"mtd 10 be • trlnsr.r subject 10 5ectlon 9-504(8) ollh. Un"o.. Commlrcl,1 Code . . Inorr.oIln Illinol. or any olmltor prOYIlion olany Olhor fPpJlc1ib1G tow. and the G"'rontorw_ any proyl'i•• 10 tho comrlt)' oI.uch Itwt. TheOUlllanlot Igflll that "p:urcbllse of Inventory by. leller of goodll pUJlU.lnt to II . . p u ~ . . agtttIMnt between TCFC .. .d lUoIllHiller ahallbo I commorclally . . . . .nlbl, method of d ~ p O S f t l o n . 1he auaranlor .hall be llabla ro Tete lor .ny deficiency ..., ~ l t I n g ~ o m TCFC·• .

di,poIUlon. including wllhoulllmllation 0 repureb. . . by ouch ... Ior. ,.glrd",. 01 tho ,ubllquenl dl'pOfiUon 01Il10 l"yenIOfY·by IhopurchlS.r. The Guarantor II nol I banoncllty 0', and hl l no rlCht (0 l'tQ.ulll TCFC 10 enrorce. Iny repurchllle agreement. Any notice of I

T-411111182127

1013

EXHIBIT 3




dl'poSIUon 9holl bo deemed ree,onable and properly given If given 10 the Guaranlor 011. . .110 day. btfor. ,uoh diBpO.iUon In accoldancewith the notice provl5ion below.

This GUlll"ElntOG shall ba blndlns upon the Guarantor Bnd upon the hairs, personal repl'GGentatives, trusteos. BUcceS-sots andiIIS&ign5 of the GYirilotor. and shall Inure to Unl b9nefit of TCFC's IUcctUOrB and II"lgna. Re(eren,.e. herein to TCPO sh6lJl be dl!ltme(t to

refer to TCFC Bnd ila succeSSors and alS'gna,

Wherever p055lbla Bach provISion Dr thle GUElranlae 'hall be Interpreted In such manner as to be affectIVe and valid unClerappllCllbl. law, b ~ t ony provi,lon of thl$ Guarant•••holl b. pr<>hlblled by or Invalid Under auoh low, SUCh provision ,hall be Ineffective 10 Ihaextent of ouch plohlbltlon o. Invalldlly wlthoullnvalldatlng (he remalndor or .uch prOVision or tho remolnlng provl,lon. of thl. Guaranlee.

This Guorant•• may b. terrnlneted only upon wriKen n o ~ (0 TOFO .ffootlve no eo.l.r t ~ a n 30 days after the dale .ueh wrlilennollce i. actually received by TCrC. Any suen IBlmlnation .hall nol offeot Ihe lI.blllly of Iho Guorantor und.r Ihls Guoranl.e wllh .espect 10Uabllitlo. crealea or Incurred p ~ o r to the .ffectiV. dote of such termination. W1lhovt IImlllng fOlegolng, any ouch tOlmlnalion .hall nolrolat. to eny approval given by TOFO 10 or for the bonam of tho tJ6btor pilar 10 tho effectlv. dal. ,I Buohlerrnlnatlon and upDn any such\&rMinatlon, the Guaranlot ehall nlveJ1haIG88 remain liable with reaped to all LlabUlUes, and the ",.,tfcn'nance of all dUUa.s, ccealad or arllllngtherotofor. or based On • oommlt",onllhorelofolo enlorod Into or Bny BpprovellnerelofOI. given to or for Iho bonofll of Ihe Deblor to the filIIextent of the Guarantor'5l1ablllty therefor as provided horeln.

All n o l l ~ $ and other oommunlcallons hereunder to or upon the raspaotlve parties shall be In writing (and, In the C:ilDa or a noliGe byIhe Gu.r.rnlor,ldenllry tho name oflh. Oobtol) and sholl bo dollve"a by hand 10, or mailed by "1$1 ciao. Unlled Stat•• mall, pOlllgo prepaid,cenitied, r.lurn r.celpl reque.ted, address.d 10, or by personal delivery la, Dr by a reputable overnight courier ••Nlce addl. . . .d to, Ih ••ddre•••••paclfied below,

No dalBY on tho part of TCFC In Ihe exercise of .ny rlghl or lemady shall operale a. a Ylalver theroof, Bnd no slngl. or partialexercise by TCFC of any right or mmedy ~ h a l l precludo any fURher exarclso th.reof. No modlfioellon, welver or amendmenl of any of Iheplovlslons of Ihl. GuaranleG >hall bo bInding ~ p o n TCFC except •• expl*. . y •• forth In a wrlUng duly signed on TOFC'S behalf by anyauthorized officer Or agenl of TCFC and delivered by TCFC I. the Guen. . or. TCFC', failul. at a.y Ihno 10 require .Irlet perfolman" by the .GUorMlor of eny of Ihe pr<>vlslon. c o n t a l . e ~ In this (luolonl.o .hall nol waive, affect o. diminish an) rlghl of TCFC al any II"", to demandstllct performan. . IhereWilh.

This Guarani•• conl.rn. all of Ihe undOlatandlnge. proml. . . ~ n d undertakings of Ihe parUes hereto concerning Iho subject mart.r.All prier undertaklnSis lind agretments. oral Or wriHen, conumln,," the 8 u b J e ~ maHer ala merged hurern,

io t!'le extent that the Guarantor or the Debtor makUD 8 payment or pPYffi6nls to rCFC Dr P(CFC enrOICes lis saourlty Interests orO)(erel•• • itG rights of .otoff, and such paymenl or paymenls or tho pro*as of such enforcel"".1 or 'oloff or any part thoreof areaub••quently Invend.led, deolared 10 be flludulant or preferenllol, •• 1.lde andror rcqul",d 10 be r ~ p a l d 10 a trustee, recelvor Dr any otherparty under ony bankruptey law. state or rederallaw, COmmon law or &CjuHable cause, then to the 8 x t ~ n t of such rooovetY, tho obflgatlon orpart Iharoof originally Inlended 10 bt ,.Iiened .h,1I be reviVed and cenUnUe<lln full force and effect nlfsucir paymenl had nol be.n made orsuoh Inrorcemonl or setoff had not ocourred.

The Guarentor hereby con. .nte to Ih, JurtsdlCllon Of any local, alale or federel court localad within the Slate of IIIlnol. and waiv••any ob)eetlon whIch the Guarantor may havs based on Imruoper venue or forum "on cgnVGl'lleflS (0 the conduct of any proceeding In anySUCh court and waives pSl'$or\al service of any Bnd all prooeSB upon It, end l;oBSontA that all such $I)rvlce of prOC8&& be made by mall Qrmessenge. dlreoled 10 II In the I.m. manner as p,ovlded for notle. . to the Guarani•• In thl. Guaranl.e and Ihal 'ervlce 80 made Shall be

deeme<l 10 be compl.ted upon the earlier of .ot"al receipt or 3 day. aner Ihe seme sholl nave been po.toa to Gu.ranlor or Iho( l u . r a n t o ~ . agent as .e l forth below. The Guaranlor haraby Irrevocably oppol.\$ CT corporation Syslem a. Ihe G u a r a . t O ~ $ agent rot thepurpOIi of occapllng tne .';lVlce of .ny pro. . . . wllhln tha Slate of illinois. Tho Guaranlor waive•. 10 ,ha exlenl p e r m i ~ . d by law, any bondor surety or ••cuilly upon .uch bond whloh mlghl, bul for Ihle wolver, be required OITCFC. Nothing ""nlalned In thl. ,eotion ohallaffect t ~ . right or T C ~ C 10 urv. legal proee•• In any other mannor permiHed by law Or olfect the rlghl of T C ~ O 10 bllng eny action or proceedingogafn$t the Guarantor or Its property In the court. Or any olher Jurisdiction,

TO THE EXTENT PERMITTEO IIV APPUCABLii LAW, Tllii PARTIES HERETO I!ACH WAIVE AN Y RIGHT TO ATRIAL BY JURY ON ANY CLAIM, D ! M A N ~ , ACTION, CAUSE OF ACTION OR COUNTI!RCI.AIM ARISING UNDER OR IN ANVWA Y RELATED TO THIS (lUARANTEE, AND U N ~ E R ANY Tl'iiORY OF LAW OR EQUITY, WHETHER NCW EXISTING ORHEREAFTER ARISING.

Tlils GUARANYEJ; SHALL BE EFFECTIVE WHIiN ACCEPTED BY TCFC, HAS BBEN DELIVERED AND ACCEPTED AND. SHALL BE DEEMED TO BI! MADE IN ILLINOIS, AND SHALL De INTERPReTED AND THE RIGHTS AND OBLIQATIONS OF THE

PARTII,S HERETO, WHETHER ARISING IN CONTRACT OR TORT OR OTHERWISE, sHALL Bt! DETERMINED IN ACCORDANCEWITH THE INTERNAl LAWS (AS OPPOSED TO THE CONFLICTS OP LAWS PROVISIONSi OF THIi STATE OF ILLINOIS.ACC6PTANCE MA Y BE BY FACSIMILE SIGNATURE,

T-47111962t27

2013




Ifmo", Ihan on. pttun Offnlily hIS slgnld 1hI. Ouatantee, Ihen Ihelerm 'GUlra.tor herein ,hall nil., \I) etch 01 the undersigned(allier Ilia. TOFO) p n ~ OblIglUOnl Of •• h of tht undera!oMd shaH bo jolnl and . . e",l. Th. Uf. 01 any «,nder ellall Incl,"" '0 Olliffgend.... .

IN WITNESS WHeREOF, I h ~ aUl"'m.o '8 dlttd Deoolnber I, 2000.

~ T N E S ' ••••. ,

" \ili"iIWtiilidiiY. _iiliill/iillpll/1J.1~ ' n I NIUIIe: J..AI2A9· <AflJtiII p

INDIVIDUALGUARANTOR

U;VOOlfaX

CORPORA110N, PARTNERSHIP DR UMITED UABILITYCOMPANY -GUARANTORAn!'T:

TItle: itc;t;ll')A . llInl SICftlla'Y

PdnlNamt:

WITNESS:

PlilltNamo:

Accepted In IIOncir.

T-I71VS82127

lI'dnl Ham. 01 Cluollllltll]

By:

11111:

Add". . 01 NollCae 10 GUlIIAI,,,,

TaxIDHo.

Add,.a, NoUces toTOpe:




EXHIBIT 4

(Guarantee of Capital Northwest Dated 6-13-2003)

GUARANTEE

For value received and In consideration of any loan or other flnanclal accommodation of any kind heretofore, now or hereafter madeor given by Transamerlca Commercial Finance Corpo",lIon ("TCFC') 10 CYCLES SPORTS OF SALEM, INC, (the 'Deblo") or 10 a cuslomerof Ihe Deblor, the undersigned (the "Guaranlor") uncondilionally guaranlees Ihe full and punclual paymenl and performance when due,whether upon demand, at maturity or earlier by reason of acceleration or otherwise, and at all Urnes thereafter, of all of the Indebtedness andobllgallons of every kind and nalure of the Debtor to TCFC howsoever created, arising or evidenced, whether arising before or after a

bankruptcy of the Debtor, whether direct or Indirect, absolute or contingent, Joint or several, now or hereafter exlsllng, or due or to becomedUB (all such Indebtedness and obllgatlons being hereinafter referred (0 as the "LlabIllUesU

). The Guarantor further agrees to pay on demandall costs and expenses Incurred by TCFC In endeavoring to collect the LlablliUes or In enforclng this GUarantee.

This Is a guaranlee of paymenl and nol of coliecUon. The Guaranlor agrees Ihal the obllgallons of the Guaranlor under thisGuaranlee shall be uncondlUonal, Irrespeollve of (I) the Invalidity or unenforceability of Ihe LlablllUes or any agreemenl or Instrumenl rela11ng10 Ihe LlablllUes (somellmes herelnaUer referred 10, coIlecUvely, a.the 'Documenls') or any law affecllng Ihe Llabllille. or any Documenl:, (Ill..Ihe ab.ence of any a\lempllo collecllhe Llabllliles from Ihe Deblor or from any olher person primarily or secondarily liable wllh respecllo IheLlabllilles or of any a\lempllo realize upon any collaleral for Ihe Llabllllles, for the obllgaUon. of any such olher person, or for Ihls Guaranlee:(III) any failure by TCFC 10 acquire, perfecl or melnlaln a securtty Inlereslln or 10 prolecl any collaleral for Ihe LlablllUes or for any sucliobllgallons: (Iv) any defensa artslng by reason of any disability or other defense of Ihe Deblor or any olher person liable on the Llabllllles: (v)Ihe acceplance of addlUonal parties primarily or secondarily liable on the Llabllilles: (vi) Ihe disallowance or avoidance of all or any portion ofTCFC's clalm(s) for repaymenl of Ihe LlablllUes or of any collaleral for the LlabiliUes: or (vII) any olher clrcumslance which mlghlolherwl.econstitute a discharge or defense of a guarantor,

Upon a default under any Document, TCfC may proceed dlrecUy and a( once agaInst the Guarantor to collect the full amount of allor any portion of Ihe liability of Ihe Guaranlor hereunder, wllhoul nollce end wllhoul flrsl proceeding egaln61the Deblor or any other person

primarily or secondarily liable on Ihe LlablllUes. TCFC shall heve the exclusive righllo delermlne Ihe appllcallon of payments and credlls, ifany, rrom the Guarantor. the Debtor. or any other person prfmarlly or secondarily liable on the Liabilities.

TCFC Is hereby aulhorlzed, wllhout noUce (which ts hereby waived by the Guaranlor) and wlihoul affecllng Ihe lIablilly of IheGuarantor hereunder, from time to time to (I) renew, extend, accelerate Or otherwise Change the lime, place or manner for payment of, orother lerms relaUng 10, Ihe Liabilities, or otherwise modlly, amend, change or waive compliance with the lerms of the LlablllUes or any of IheDocumenls: (II) accepl partial paymenls on the Llabllllles: (III) lake collale",1 for Ihe LlablllUes and the obllgallons of any olher person prtmarilyor secondarily liable on the Llabllilles, and exchange, release, realize upon or InsUtule any proceeding 10 realize upon, or IIquldale any suchcollaleral: (Iv) apply such collaleral and dlrecllhe order or manner of sale thereof a. TCFC may delermlne In Its dlscreUon: (v) relea.e orcompromise, In any manner, or collecl or Inlllale any proceeding 10 colleclthe Llabllliles or any portion Ihereof: (vi) exlend addilionalloans,credit and financial accommodations and otherwise create additional Liabilities; (viI) enforce or Institute any proceeding 10 enforce any otherguarantee of the lIablllUes or release, or compromise In any manner the obligations of, any other person primarily or secondarily liable on tileLlabllliles.

UnUi Ihe Liabilities and olher obllgallons of Ihe Deblor 10 TCFC shall have been paid and discharged In full and all Documenls(Including any commllments wllh respecllo any Llabllilles) have been lermlnaled, Ihe Guaranlor shall have no righi, Bnd agreBs 1\ will nolmake any claim. against the Debtor or any oUler person primarily or secondarily liable on the LiabilitIes with respect to or on account of any

paymenl which the Guaranlor may make on accounl of Its obllgallons under Ihls Guaranlee, Including wllhoul IImltallon, any rtghl ofsubrogatlon, exoneratlon, reimbursement, contribution or Indemnlftcatlon.

If Ihe Deblor or the GUaranlor shall die or If the Deblor or Ihe Guaranlor should al any Ume dissolve or termlnale Its exlslence, orbecome Insolvent or make a general assignment for the benefit of creditors. or If a bankruptcy, Insolvency or reorganlzallon proceeding shallbe flied by or agalnsl or commenced In respecl of the Deblor or Ihe Guaranlor, Ihe Guaranlor shall. althe opUon 01 TCFC, forthwllh payTCFC Ihe full amount which would be payable hereunder by the Guaranlor Ifall LlablllUes were then due and payatile.

The Guarantor waives all .at-offs and counlerclalms and all noUces, presenlments, prota.t. and demands of any kind with respectto the liabilities and this Guarantee (Including without IIml(allon demands for perfonnance, noUces of non-payment or non-perfonnance,noUces of prolesl, noUces of dishonor and nollces of acceplance of Ihls Gue",nlee) and promptness and diligence wllh respecl 10 theLlebllltles. .

The Guarantor hereby agrees that TCFC shall have no duty to advise the Guarantor of InfonnaUon now or hereafter known to TCFCregarding the flnanclal or other condlUon of the Debtor or any other person primarily or secondarily liable on the Liabilities or regarding anycircumstance bearing on the risk of non-payment of (he Liabilities.

The Guaranlor agrees 10 provide 10 TCFC, promplly after TCFC's requesllherefor, such financial slalements and olhar financialrBcords and InformaUon respecting the Guaranlor as may b. from lime 10 lime raquesled by TCFC. The Guarantor aUlhorlzes TCFC 10

Investlgale or make Inquiries of former or currenl creditors or other persons and provide 10 any creditors or olher persons any and allOnancial, credit or other InlormaUon regarding or relallng 10 the Guaranlor, whether supplied by Ihe Guaranlor 10 TCFC or otherwise oblalnedby TCFC, with such aulhority 10 conllnuethroughoullhe term of this Guaranlee. .

The Guarantor agrees thai Ihe sala of Invenlory by TCFC 10 a person who Is liable 10 TCFC under a guaranlee, endorsemenl,repurchase agreement or the like shall·nol be deemed 10 be a lransfer subJecllo SecUon 9-618 of the Uniform Commercial Code as In effeciIn illinois or any similar provision of any other applicable law, and the Guaranlor waives any provision 10 Ihe contrary of such laws. TheGuarantor agrees that repurchase of Inventory by a seller of goods pursuant to a repurchase agreement between TCFC and such seller shallbe a commercially reasonable melhod of dlsposlUon. The Guaranlor ehall be liable 10 TCFC for any denclency resulUng from TCFC'sdlsposlUon, Including wlthoul IImllalion a rapurchase by .uch a seller, regardless of IhB subsequenl dlsposlUon of the Invenlory by thepurchaser. The Guarantor Is not a beneficiary of, and has no right to requIre TCFC to enforce, any repurchase agreement. Any noUce of a

disposition shall be deemed reasonable and properly given If given 10 the Guaranlor alle.sl10 days before such dlsposlUon In accordancewith the nollce proviSion below.

T-4711/98

2127

1 of 3 EXHIBIT 4




'.

This Guarantee shall be binding upon the Guarantor and upon the heirs, personal representallves, trustees, successors andassigns of the Guarantor, and shall Inure to the benefit of TCFC's successors and assigns. References herein to TCFC shall be deemed to

refer to TCFC and Its successors and assigns.

Wherever possible each provision of this Guarantee shall be Interpreted In such manner as to be effective and valid underapplicable law, but If any provision of this Guarantee shall be prohibited by or Invalid under such taw, such provision shall be Ineffective to the

exlentof

such prohibition or Invalidity wilhout Invalidating the remainder of such provision or the remaining proviSions of this Guarantee.

This Guarantee may be terminated only upon wrttten notice to TCFC effective no . a ~ l e r than 30 days after the date such wrttlennotice Is actually received by TCFC. Any such termination shall not affect the liability of the Guarantor under this GUarantee with respect toLiabilities created or Incurred prior to the effective date of such lannlnatlon. Without IImlllng the foregoing, Bny such termlnaUon shall notrelate to any approval given by TCFC to or for the benefit of the Debtor p ~ o r to the effecUve date of such termination and upon any suchtermlnaUon, the GUarantor shall nevertheless remain liable with respect to all Liabilities, and the performance of all duUes, created or arisingtheretofore or based on a commitment theretofore entered Into or any approval theretofore given to or for the benefit of the Debtor to the fullextent of the Guaranto(s lIablJlty therefor as provided herein.

All notices and other communications hereunder to or upon the respecUve parties shall be In writing (and, In the case of anotice bythe Guarantor, Identify tha name of the Debtor) and shall be delivered by hand to, or mailed by nrst ctass United State.'mall, postage prepaid,certiUed. return receipt requested. addressed to, or by personal delivery to, or by a reputable overnight courier service addressed 10. the

addresses speclned below.

No delay on the part of TCFC In the exercise of any right or remedy shall operate as a waiver thereof, and no slngt. or partialexercise by TCFC of any ~ g h t or remedy shall preclude any f u ~ e r exercise thereof. No modlflcalton, waiver or amendment of any of theproviSions of this Guarante. shall be binding upon TCFC except as expressly set forth In a ~ l I n g duly signed on TCFC's behalf by anyauthorized otncer or agent of TCFC and delivered by TCFC to the Guarantor. TCFC's failure at any Ume to require stnct performance by theGuarantor of any of the provisions contained In this Guarantee shall not waive, affect or diminish any ~ g h t of TCFC at any lime to demands t ~ c t performance therewith.

This Guarantee contains all of the understandings, promises and undertakings of the p a ~ l e s hereto concerning the subject matter.All prior undertakings and agreements, oral or written. concerning the subject matter are merged herein.

To the extent that the Guarantor or the Debtor makes a payment or payments to TCFC or TCFC enforces Its secunty Interests orexercises Its rights of setoff. and such payment or payments or the proceeds of such enrorcement or sotoff or any part thereof aresubsequenUy Invalidated, dectared to be fraudulent or preferenUal, set aside andlor required to be repaid to a trustee, receiver or any otherparty under any bankruptcy law, slate or federal law, common law or equitable cause. then to the extent of such recovery, the obllgallon orpart thereof originally Intended to be saUsfled shall be revived and continued In full force and effect as If such payment had not been made orsuch enforcement or seloff had not occurred.

The Guarantor hereby consents to the J u ~ s d l c U o n of any local, state or federal court located within the State of illinois and waivesBny objection which tho Guarantor may have based on Improper venue or forum non conveniens to tho conduct of any proceeding In anysuch court and waiVes personal service of any and all process upon II. and consents Ulat all such service of process bo made by mall or

messenger dIrected to It In the same manner as provided for nolices to the Guarantor In this Guarantee and that service 80 made shall bedeemed to be completed upon the earlier of actual receipt or 3 days after the same shall have been postod to the Guarantor or the

Guarantor's agent 8s set forth below. Tho Guarantor hereby Irrevocably appoints CT Corpora lion System as the Guarantor's agent for thepurpose of accepting the servtce of any process within the Slate of illinois. The Guarantor waives, to the extent permitted by law, a"y bond orsurety or security upon such bond which might, but for this waiver, be required of TCFC. Nothing contained tn this section shall affect theright of TCFC to serve legal process In any other manner permllled by law or affect the ~ g h t of TCFC to Mng any action or proceedingagainst the Guarantor or Its property In the courta of any other J u ~ s d l c t l o n .

TO THE EXTENT PERMtTTED BY APPLICABLE LAW, THE PARTIES HERETO EACH WAIVE ANY RIGHT TO ATRIAL BY JURY ON ANY CUIIM, DEMAND, ACTtON. CAUSE OF ACTtON OR COUNTERCUIIM ARISING UNDER OR tN ANYWAY RELATED TO THIS GUARANTEE, AND UNDER ANY THEORY OF LAW OR EQUtTY, WHETHER NOW EXISTING ORHEREAFTER ARISING.

THIS GUARANTEE SHALL BE EFFECTtVE WHEN ACCEPTED BY TCFC, HAS BEEN DELtVERED AND ACCEPTED ANDSHALL BE DEEMED TO BE MADE tN ILLINOIS, AND SHALL BE tNTERPRETED AND THE RIGHTS AND OBLIGATtONS OF THEPARTtES HERETO, WHETHERARIStNG tN CONTRACT OR TORT OR OTHERWISE, SHALL BE DETERMINED tN ACCORDANCE WITHTHE INTERNAL LAWS (AS OPPOSED TO THE CONFLICTS OF LAWS PROVISIONS) OF THE STATE OF ILLINOIS. ACCEPTANCE

MAY BE BY FACSIMILE StGNATURE,

2 of3

T-4711/96.... ." ..




, I

If more than one person or entity has signed this Guarantee, then the tenn -Guarantor" herein shall refer to each of the undersigned(olher Ihan TCFC) and obllgallons of each of Iha undersigned shall be lolnl and several. The use of eny gender shall Include all olhergenders.

IN WITNESS WHEREOF. this GUaranlee Is daled JUNE 13. 2003.

INDIVIDUAL GUARANTOR

WITNESS:

(Signature should be wilnss8ed by 8 non-related third party.] IPrlnl Name of Guaranlorl

PrinlName:

ISlgnalure of Indlvlduall

Witness' Home Address Home Address for NoUces to Guarantor:

S.S.No.

INDIVIDUAL GUARANTORWITNESS:

(Signature should be witnessed by a non-related third party.)

P ~ n I N a m a :

Wltnass' Home Addre. .

be witnessed bya non.r aled third party.(

P ~ n l Name: [boll..... ~ . h ' I t : . L Address:

Accepled In illinois:

T R A N S A M E t ! t : : . M . ~ A N C E C:RPORATION

By: Citl:istopher (' . Meals

Vice Presi-':"''':; - ' : :redit

T-4711/96

[ P ~ n l Name of Guaranlor]

[Slgnalure of Individual]

Home Address for Notices to Guarantor:

S.S.No.

oLIABILITY

COMPANY.GUARANTCR

S for Notices 10 Guaranlor:

510 '2 Pn d-\a",s\ Ko.,l tf\,J f

Addrass for NoUces 10 TCFC:

Transamerlca Commercial Finance Corporation5595 TrIllium BoulevardHoffman Estales. illinois 60192AHentlon: Credit D e p a ~ e n l

3013




EXHIBIT 5(Default Letter Dated 7-15-2010)

GE CapitalCommercial Distribution Finance

4 Pork Plaza Suite 2060

July 15, 2010

David ColfaxCycle Sports of Salem, Inc.

4764 Portland Rd. Ne.

Salem, OR 97305

RE: Notice of Payment Default and Demand for Cure

Dear Mr. Colfax:

Irvine. CA 92614

USA

Reference Is made to the following agreements by and between Cycle Sports of Salem, Inc. ("Dealer") imd GE

Commercial Distribution Finance Corporatlon("Lender"): the Inventory Security Agreement(s) dated December 6,2000; and all amendments, program letters, agreements and other documents executed in connection therewith(collectively, the "Agreement"). Any guarantor of D e a l e ~ s obligations under the Agreement Is hereby notified of thematters contained herein and any demand made upon Dealer hereunder Is likewise made upon any such guarantor.

This letter ONLY relates to Dealer's Marine, BRP, Yamaha Motorsports, and Powersports credit facility(les)provided by Lender.

Lender hereby notifies you that Dealer failed to make payment of $243,756.26 in default of the Agreement. As aresult, Dealer's credit facility has been suspended.

In the event that Lender does not receive payment of $243,756.26 within l! days of the date of this letter, Lender atIts option may exercise all rights and remedies available to It under the Agreement and applicable law, Including butnot limited to the right to declare the entire unpaid principal balance and all accrued and unpaid Interest and/or othercharges thereon Immediately due and payable and to repossess the collateral. Dealer is additionally liable for

expenses and costs (Including but not limited to reasonable attorneys' fees) Incurred by Lender In connection withthe collection of this amount, as well as for any ongoing Interest and/or other charges accruing after the date hereof.

By copy of this letter, I am Informing the guarantor(s) of this default and of their personal guaranty of this obligation,which gives rise to their personal obligation to pay this sum plus all costs and expenses, Including reasonableattorneys' fees.

Lender expects Dealer to strictly adhere to the provisions of the Agreement and to perform Its obligations thereunder accordingly. By any forbearance In exercising Its rights against Dealer, Lender does not and has not waivedIts right to pursue any and all remedies available to Lender. Any delay or forbearance by Lender In the exercise ofIts rights shall not operate as a waiver of those rights. Lender reserves Its rights to exercise such remedies asLender deems necessary to protect its Interests.

We look forward to your prompt payment, If you have any questions regarding the content of this notice, please

contact Matthew Kruger at 949-225-2005.Sincerely,

GE COMMERCIAL DISTRIBUTION FINANCE CORPORATION

co:Mary Katharine Colfax, 2069 Flagstone Court NE, Keizer, OR 97303

Capital Northwest, Inc., 5103 Portland Road NE, Salem, OR 97303

David & Kathy Colfax, 2069 Flagstone Court NE, Keizer, OR 97303

HD (07/10)EXHIBIT 5




July 19, 2010

David ColfaxCycle Sports of Salem, Inc.4764 PORTLAND RD NESalem, OR 97305

EXHIBIT 6

(Acceleration & Termination Letter)

GE CapitalCommercial Olstributlon Finance

4 Pork Ploza Suite 2060Irvine, CA 92614USA

RE: Notice of Acceleration and Termination after Failure to Cure

Dear Mr. Colfax:

Reference Is made to Ihe following agreement(s) by and between Cycle Sports of Salem, Inc. ("Dealer") and GECommercial Distribution Finance Corporation ("Lender"): the Invenlory Security Agreement(s) dated; and all

agreements and other documents (collectively the "Agreement"). Any guarantor of Dealer's obligations under theAgreement Is hereby notilied 01 the matters contained herein and any demand made upon Dealer hereunder Islikewise made upon any such guarantor.

This letter ONLY relates to Dealer's Yamaha Motorsports, Marine, BRP and Powersports credit facilityfies}provided by Lender.

Lender notified Dealer by letter dated July 15, 2010 of Dealer's default and of Lender's intent to accelerate thepayment of all debt owed to Lender If Dealer did not cure the default. Dealer has failed to cure the default.

Therefore, Dealer has forced Lender to terminate Dealer's credit facility and hereby demands payment fromDealer. in the amount of $3,217,969.49. This sum may be increased by any repossession costs, any Interestcharges from the last billing date until this sum Is paid In full, and any other costs or expenses for which DealerIs liable, Including reasonable attorneys' fees.

By copy of this letter I am Informing the guarantor(s) of the acceleration of Dealer's debt and hereby makedemand pursuant to their guaranty(les) of this obligation which gives rise to their personal obligation to pay thissum plus all costs and expenses, Including attorneys' fees. Any delay or forbearance by Lender In the exerciseof Its rights as a result of this default will not operate as a waiver of those rights. Lender reserves Its right toexercise such remedies as Lender deems necessary to protect Its Interests.

Lender anticipates Dealer's full cooperation in this matter. If you have any questions regarding the content of thisnotice, please contact Matthew Kruger at 949-225-2005.

Sincerely,

GE COMMERCIAL DISTRIBUTION FINANCE CORPORATION

cc:

Mary Katharine Colfax, 2069 Flagstone Court NE, Keizer, OR 97303

David & Kathy Colfax, 2069 Flagstone Court NE, Keizer, OR 97303

Capital Northwest, Inc., 5103 Portland Road NE, Salem, OR 97303NOTICE: The Federal Equal Credit OppoJ1unlty Act prohIbits creditors from dlscrfmlnatlng against credll applicants on the basis of racB,color, reOglon. nallonal origin, sex, marital slatus, age (provided the applicant has the capaclly to enter Inlo a binding contract); because allor part of the applicants' Income derives from any publlo assistance programj or because the applicant In good faith exercised any rightunder the Consumer Credit ProteaUon Act. The faderal agency that admInIsters compliance wUh this law concerning thIs creditor Is TheFederal Trade Commission, Equal CradU Opportunlly, Washington, D.C. 20580.

HD (07/10)

EXHIBIT 6




EXHIBIT 7(Dem&nd for Collateral)

July 20, 2010

Via .FaCllimiltl, FIrst-Class and Certined Mall

David Colfax .Cycle SpOr18 of S91em, Ino.4764 PORTLAND RD NES ~ l e m , Oregon 97305

GE Capital

4 Pork PI.,N. Suite 2060Irvine, CA 92614

USA

1>1800 992 6/4/

r 1949 47j 1BJ6

Re, DEMAND FOR IMMEDIATE RECOVJ:!RY OF SECURED COLLATERALInventory Seourity Agreement dated December 6, 2000, and 911 related documents ('Security Dooumenta:)Cycle Sports of Salem, Inc. ("Dealer") .

Oear Mr. Colfax:

As you are aware based on previous correspondence, COF has terminated Deale(s credit faCility,accelerated the Deal.r'8 debl due and owing under !he Security DOC\lments and made demand for allpayments due and owing under the Seourlty Documents and releled guaranties. Furthermore, In ourprevloUi dlscussloMS, we have expressed CDF's ImmBdlate need to pick up CDF's collatel'lll securedunder the Security Documents (collectively, the "Collalaral"). While these discussions have been verb.I,Dealer twa refused to voluntarily surrender the Collateral,

Accordingly demand herebV Is made for f,,11 and Immediate reCCnier,t 0 ' gil mmalnlng Collateral I"

Deale"rla poseess'on .

So you 91'11 aware, aftef said recovery of the C o U a t ~ r a l , Including all costs and charges associated wltlllhe .

. recovery of the remaining COllateral, Dealer and all gusmntors will remain liable for any defiCiency balancedUB and owIng on the Security Documents and gusrsnties.

Nothing contained herein shalt constitute an election of I'IImedles or waiver or limitation Q/ CDF's rights,InCluding the rlghtta lake any aellon with respectto any CoIlaleral.ecuring your UalJlIllles to CDF, as maybe permitted by the documents relating to the Security DocumenUi, the guaranties and/or applicable law.

Your prompt QIten)lon to the demand conlalned kl Ihi8 letter Is appreciated. You can direct your questions.regarding CDF's piCk up Of the Collateral to the undeJlllgned at 949-225-2005,

Sklcerely,

GE COMMERCIAL DISTRIBUTION FINANCe CORPORATION

B ' ~ >M.H ger ..........

Acco t ag<u

cc! Mary K4lharine C ! : > 1 f ~ , 2069 Fla(/8toile court NE, Keizer, OR 97303David & Kathy Colfax, 2069 FIaQstone Court NE, Keizer, OR 97303Capital Northwest, Inc, 5103 Portland Road NE, Salem 97303


Date post:	06-Apr-2018
Category:	Documents
Upload:	statesman-journal
View:	220 times
Download:	0 times