Catapult Solutions Inc – Credit Agreements Watch

from 10-K ~5 pages Security Agreement This Security Agreement (The "Agreement") Is Entered Into This 29th Day of September 2011, By, Mip Solutions, Inc., a Nevada Corporation, ("Debtor") and Coghlan Family Corporation, a Washington Corporation, ("Secured Party"). Recitals A. Secured Party Has Loaned to Debtor One Hundred Fifty Thousand Dollars ($150,000). B. Debtor's Obligation to Repay the Amount Loaned Is Evidenced by a Promissory Note in the Principal Amount of $150,000, Dated September 29, 2011, Payable to Secured Party (The "Note"). C. Debtor and Secured Party Are Entering Into This Agreement in Order to Secure Debtor's Repayment Obligation to Secured Party