This Security Agreement is an amendment and restatement of the Existing Security Agreement, and this Security Agreement is not a novation of the Existing Security Agreement. The rights, titles, Liens, security interests, and assignments created and granted by the Existing Security Agreement are hereby renewed, continued, amended, restated and supplemented to the fullest extent legally permitted, and nothing contained herein is intended to impair or extinguish the Liens, security interests, assignments, privileges and priorities of the Existing Security Agreement, as hereby amended and restated, and such Liens, security interests, assignments and privileges are and will remain in full force and effect. The parties hereto expressly recognize and confirm their intent to continue the effectiveness and priority of the Liens, security interests, assignments and privileges granted under the Existing Security Agreement, as hereby renewed, extended, and modified to secure the Secured Obligations.