Pledge of Stock, Simple

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Pledge of Stock, Simple

__________________, referred to as OWNER, and _______________, referred to as CREDITOR, agree:

OWNER is indebted to CREDITOR in the sum of $____(____ _________&___/100 dollars) for a note;

to secure repayment of the debt, OWNER pledges to CREDITOR ______ shares of _________ stock of ______________________.

OWNER agrees to execute all necessary documents to perfect the pledge.

Dated: _________________________________________

______________________________________________________________

Owner

______________________________________________________________

Creditor