11. SECURITY
11.1 To secure the fulfilment of obligations of the Supplier and the Equity Members under this Agreement, the Equity Members agree to pledge all of their equity interest in the Supplier in favour of the Customer.
11.2 The Supplier and the Equity Members shall enter into an equity interest pledge agreement with the Customer to effect the pledge transactions set out in Clause 11.1.
11.3 Execution of the equity interest pledge agreement between the Equity Members and the Customer is the condition precedent for payment of the first instalment of the First Advance.
11.4 During the operation of the Mill, if there is fixed asset coming into existence, the Supplier agrees to enter into one or more security agreements with respect to that asset as requested by the Customer.