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In this video, Tom presents an overview of the UCC3, which pertains to private security agreements that follow the UCC1 filing. He encourages viewers to review his previous video on UCC1 for context. Tom offers a free copy of his book, which contains detailed information on this topic, and urges listeners to familiarize themselves with the material. He shares a personal template he created for a security agreement and emphasizes that viewers should customize it with their own information as needed. The UCC3 can be used for amendments, providing flexibility in various situations.