This excerpt taken from the VICL 10-K filed Mar 15, 2005.
ADDITIONAL COLLATERAL RIDER
This Additional Collateral Rider (this Rider) is part of that certain Master Security Agreement dated December 15, 2000, and all Collateral Schedules thereto (collectively the Contract) between GENERAL ELECTRIC CAPITAL CORPORATION (the Secured Party) and VICAL INCORPORATED (Debtor). Unless otherwise defined herein, all capitalized terms used in this Rider have the meanings set forth in the Contract.
1. As security for the full and faithful performance by Debtor of all of the Indebtedness as defined in the Contract and all other obligations of Debtor to Secured Party now or hereafter in existence, Debtor does hereby grant to Secured Party a security interest in all of Debtors right, title and interest in and to the following (all hereinafter collectively called the Additional Collateral):
2. In the event of a default by Debtor under the Contract or under any other obligation to Secured Party, Secured Party shall have all of the rights and remedies of a secured party under the Code with respect to the Additional Collateral in addition to any other rights which it may have under the Contract. Debtor shall have the same obligations with respect to the portion of the Additional Collateral constituting Equipment as it has under the Contract with respect to the Collateral financed under the Contract, including but not limited to the restrictions on moving, transferring, encumbering or giving up possession of, and the obligation to insure, such Additional Collateral constituting Equipment.
3. This agreement shall run to the benefit of Secured Partys successors and assigns. Except as expressly modified hereby, all of the terms and provisions of the Contract shall remain in full force and effect.
IN WITNESS WHEROF, the parties have executed this Rider simultaneously with the Master Security Agreement.