Nautilus 2009 Annual Report Download - page 192

Debtor authorizes and appoints the Secured Party, in case of need, to execute such financing statements, certificates and other documents
pertaining to the Secured Party’s security interest in the Collateral in its stead if the Debtor fails to so execute such documents after the Secured
Party’s request, with full power of substitution, as the Debtor’s attorney in fact.
(g) The Debtor agrees that the Secured Party may, at any time and from time to time, file in any jurisdiction financing statements and
amendments thereto that contain any information required by Article 9 of the UCC (including Part 5 thereof) for the sufficiency or filing office
acceptance of any financing statement or amendment, including whether the Debtor is an organization, the type of organization and any
organization identification number issued to the Debtor. The Debtor agrees to furnish any such information to the Secured Party promptly upon
request.
(h) The Debtor agrees that it will join with the Secured Party in executing and, at its own expense, will file and refile, or permit the
Secured Party to file and refile such financing statements, continuation statements and other documents in such offices as the Secured Party may
reasonably deem necessary or appropriate in order to perfect and preserve the rights and interests granted to the Secured Party hereunder.
(i) The records concerning all Collateral of the Debtor are and will be kept (and all billing and collection activities conducted by each
the Debtor will at all times take place) at the address shown in Schedule I as the chief executive office of the Debtor or as otherwise set forth in
the Perfection Certificate, and shall be available for inspection by the Secured Party at any time during normal business hours with ten (10) days
notice.
(j) If any Collateral of the Debtor is at any time in the possession of a bailee, the Debtor shall promptly notify the Secured Party and,
if requested by the Secured Party, the Debtor shall obtain an acknowledgment, in form and substance reasonably satisfactory to Secured Party, of
any bailee having possession of any of the Collateral that such bailee holds such Collateral for the Secured Party and that such bailee shall act
upon the instructions of the Secured Party, without further consent of the Debtor.
(k) The Debtor will furnish to the Secured Party such accurate statements and amended schedules further identifying and describing
the Collateral and such other materials evidencing or reports pertaining to the Collateral, including, without limitation to the generality of the
foregoing, accurate records of all Collateral not sold, as the Secured Party may from time to time reasonably request, all in reasonable detail.
(l) The Debtor shall afford the Secured Party access to the Collateral for the purpose of inspecting the Collateral and verifying the
accuracy of the Debtor’s records at any time during normal business hours with ten (10) days notice.
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