The West Virginia Security Agreement is a legally binding document that outlines the terms and conditions of the security interest held by PCSupport.com, Inc. over certain assets of ICE Holdings North America, a company operating in West Virginia. This agreement ensures that PCSupport.com, Inc. has a secured position in case ICE Holdings North America defaults on its obligations. Under this agreement, PCSupport.com, Inc. holds a security interest in specified collateral owned by ICE Holdings North America. This collateral may include but is not limited to real estate properties, machinery, equipment, vehicles, inventory, accounts receivable, and intellectual property. The agreement specifies the exact description and details of these assets. In the event of default by ICE Holdings North America, PCSupport.com, Inc. has the right to take possession of and sell the collateral to recover the outstanding debts owed to them. This agreement helps protect PCSupport.com, Inc.'s financial interest in ensuring they have recourse if ICE Holdings North America fails to fulfill its payment obligations. There may be different types of West Virginia Security Agreements between PCSupport.com, Inc. and ICE Holdings North America, depending on the specific nature of the collateral or the terms negotiated by the parties. For example, specific collateral security agreements may be established for certain assets, such as intellectual property, while a blanket security agreement may cover a wider range of assets. These agreements are structured to comply with the relevant laws and regulations of West Virginia governing secured transactions, including the Uniform Commercial Code (UCC). It is important for both parties to fully understand and comply with the terms of the West Virginia Security Agreement to ensure a smooth and secure business relationship between PCSupport.com, Inc. and ICE Holdings North America.