Prior Secured Party Notice

Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

DATE

{{date}}

TO:

{{recipient_secured_party_name}}

{{recipient_secured_party_address}}

Attention: {{attention_person}}

SUBJECT: Notice of Prior Security Interest and Request for Acknowledgment

Dear Sir/Madam,

This letter serves as formal notification regarding our prior perfected security interest in certain collateral currently subject to or anticipated to be subject to a security interest in your favour.

DETAILS OF PRIOR SECURITY INTEREST

Please be advised that {{your_company_name}} ('Prior Secured Party') holds a perfected security interest in the following described collateral (the 'Collateral'):

{{description_of_collateral_including_serial_numbers_if_applicable}}

This security interest was perfected by a financing statement (UCC-1 or equivalent) filed with {{filing_office_UCC_equivalent}} on {{filing_date}} with file number {{filing_number}}. A copy of the financing statement is attached hereto as Exhibit A.

DEBTORS

The debtor(s) in respect of the aforementioned security interest are:

{{debtor_name}}

{{debtor_address}}

and any other related entities or guarantors.

REQUEST FOR ACKNOWLEDGMENT AND COOPERATION

We kindly request that you acknowledge our prior perfected security interest in the Collateral. We further request that you take all necessary steps to ensure that your security interest, if any, in the Collateral is subordinate to our prior perfected security interest.

We are committed to cooperating with you to ensure an orderly and legally compliant resolution should any enforcement action become necessary in relation to the Collateral. Please provide us with details of any proposed financing arrangements or security agreements you are entering into with {{debtor_name}} that may involve the Collateral.

CONTACT INFORMATION

For any queries or further discussion regarding this matter, please contact:

Attn: {{contact_person_at_your_company}}

Phone: {{contact_phone_at_your_company}}

Email: {{contact_email_at_your_company}}

GOVERNING LAW

This notice and all matters arising out of or relating to it shall be governed by and construed in accordance with the laws of {{country}}.

SIGNATURE

Sincerely,

_____________________________

{{your_name_or_authorized_signatory}}

{{your_title}}

{{your_company_name}}