[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Binding First Security Interest Sample Letter — [Type of Collateral] Dear [Recipient's Name], I hope this letter finds you in good health. I am writing to establish a binding first security interest on the [type of collateral] associated with our business agreement. As discussed, I hereby provide you with the necessary details and documentation to ensure the legal binding of this security interest. Collateral Details: — Collateral Description: [Provide a detailed description of the collateral, including its make, model, serial number, or any identifying characteristics] — Quantity/Volume: [Specify the quantity or volume of the collateral, if applicable] Additional Collateral Details (if applicable): — Collateral Description: [Provide details if there is more than one type of collateral involved] — Quantity/Volume: [Specify the quantity or volume of the additional collateral, if applicable] This letter serves as a formal agreement under the Uniform Commercial Code (UCC) of North Carolina, binding both parties named in this agreement. It outlines the terms and conditions for the security interest, including the rights and obligations related to the collateral. The collateral is being provided to secure the performance of a certain obligation owed to us by [Debtor's Name/Entity] in accordance with the [Specify Agreement/Contract]. [Provide a brief overview of the purpose of the collateral and the associated agreement/contract]. To ensure the successful establishment of this binding first security interest, please find enclosed the following documents: 1. Copy of the Agreement/Contract regarding the collateral 2. Copy of the Promissory Note or Loan Agreement (if applicable) 3. Copy of the Security Agreement 4. Copy of the UCC-1 Financing Statement Please review these documents carefully and acknowledge your acceptance by signing and confirming the binding first security interest. Upon receipt of your signed letter, we will proceed with filing the necessary UCC-1 Financing Statement, as required by law, to ensure the perfection of this security interest. In case you require any further details or have any questions, feel free to contact me at [Phone Number] or via email at [Email Address]. We value our business relationship and look forward to a successful and secure transaction. Thank you for your prompt attention to this matter. Sincerely, [Your Name] [Your Title/Position] [Company/Organization Name]