AMENDMENT NO. 7 TO LOAN AND SECURITY AGREEMENT
 
This AMENDMENT NO. 7 TO LOAN AND SECURITY AGREEMENT ("Amendment") is dated as of
October 16, 2007, and is entered into by and among TITAN GLOBAL HOLDINGS,
INC., a Utah corporation ("Holdings"), TITAN PCB WEST, INC., a Delaware
corporation, TITAN PCB EAST, INC., a Delaware corporation, OBLIO TELECOM,
INC., a Delaware corporation, TITAN WIRELESS COMMUNICATIONS, INC., a Delaware
corporation, START TALK INC., a Delaware corporation, PINLESS, INC., a Texas
corporation, TITAN CARD SERVICES, INC., a Delaware corporation (collectively the
"Borrowers", each a "Borrower"), and GBC FUNDING, LLC, a Delaware limited
liability company ("Lender").
 
WITNESSETH:
 
WHEREAS, Borrowers and Greystone Business Credit II, L.L.C. ("Greystone")
entered into that certain Loan and Security Agreement dated as of December 29,
2006 (as amended, modified and supplemented from time to time, the "Loan
Agreement"; capitalized terms not otherwise defined herein have the definitions
provided therefore in the Loan Agreement);
 
WHEREAS, Greystone sold, transferred and assigned to Lender all right, title and
interest of Greystone in the Loan Agreement pursuant to the Sale Assignment
dated as of March 7, 2007 executed by Greystone in favor of Lender;
 
WHEREAS, Borrowers have informed Lender that Holdings desires to exercise its
option to acquire all of the issued and outstanding common stock of USA
Detergents, Inc., a Delaware corporation ("USAD"), pursuant to the terms of that
certain Stock Purchase Agreement (the "Purchase Agreement") among USAD, USAD
Metro Holdings, LLC, Uri Evan and Holdings, a copy of which is attached hereto
as Exhibit A (the "Acquisition");
 
WHEREAS, in absence of prior written consent of Lender, the Acquisition shall
constitute several Defaults under Section 5.20 of the Loan Agreement and
corresponding Events of Default under Section 8.1 of the Loan Agreement; and
 
WHEREAS, Borrowers have requested that Lender amend the Loan Agreement in
certain respects as set forth herein.
 
NOW THEREFORE, in consideration of the mutual conditions and agreements set
forth in the Loan Agreement and this Amendment, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:
 
1. Consent. Lender hereby consents to the Acquisition pursuant to the terms of
the Purchase Agreement. The foregoing is a limited consent and shall not
constitute a consent to or waiver of any other Defaults or Events of Default
that are now in existence or that may hereafter occur.
 

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2. Amendment. Subject to the satisfaction of the conditions set forth in Section
3 below, and in reliance on the representations set forth in Section 5 below,
the Loan Agreement is amended as follows:
 
(a) Section 1.1 of the Loan Agreement is hereby amended by adding paragraph (d)
as follows:
 
(d) Notwithstanding anything to the contrary contained herein, Lender shall not
have any obligation to make any Loan under this Agreement if the making of such
Loan would have the effect of creating a breach of, or causing a conflict with,
any of the provisions of the Subordination Agreement dated as of September 17,
2007 between YA Global Investments, L.P. and Greystone Business Credit II,
L.L.C.
 
(b) Section 1.4 of the Loan Agreement is hereby amended and restated as follows:
 
Accrued interest on all monetary Obligations shall be payable on the first day
of each month. Principal of the Term Loans shall be repaid as set forth in
Section 2(b) of Schedule A or, in the case of the Term Loan B, at such other
times and in such other amounts as determined by Lender in its sole discretion.
If at any time any of the Loan Limits are exceeded, Borrowers will immediately
pay to Lender such amounts (or provide cash collateral to Lender with respect to
the Credit Accommodation Balance in the manner set forth in Section 7.3) as
shall cause all Borrowers to be in full compliance with all of the Loan Limits.
Notwithstanding the foregoing, Lender may, in its sole discretion, make or
permit Revolving Loans, the Term Loans, any Credit Accommodations or any other
monetary Obligations to be in excess of any of the Loan Limits; provided, that
Borrowers shall, upon Lender's demand, pay to Lender such amounts as shall cause
all Borrowers to be in full compliance with all of the Loan Limits. All unpaid
monetary Obligations shall be payable in full on the Maturity Date (as defined
in Section 7.1) or, if earlier, the date of any early termination pursuant to
Section 7.2. Notwithstanding the foregoing, (i) upon receipt of Tax Refunds, the
amount of such Tax Refunds shall be paid to Lender for application to Term Loan
B as a mandatory prepayment as set forth in Section 2(b)(iii) of Schedule A or
for application as otherwise determined by Lender in its sole discretion, and
(ii) Borrowers shall make any mandatory prepayments of Term Loan B set forth in
Section 2(b)(iv) of Schedule A.
 
(c) Section 3.1 of the Loan Agreement is hereby amended by inserting "and its
Affiliates (and their assignees, whether direct or indirect)" immediately
following the first and second uses of "Lender" therein.
 
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(d) Section 3.3 of the Loan Agreement is hereby amended and restated in its
entirety as follows:
 
Borrower shall, at Lender's request, at any time and from time to time,
authenticate, execute and deliver to Lender and/or its Affiliates (and/or their
assignees, whether direct or indirect) such financing statements, documents and
other agreements and instruments (and pay the cost of filing or recording the
same in all public offices deemed necessary or desirable by Lender and/or its
Affiliates (and/or their assignees, whether direct or indirect)) and do such
other acts and things or cause third parties to do such other acts and things as
Lender and/or its Affiliates (and/or their assignees, whether direct or
indirect) may deem necessary or desirable in its sole discretion in order to
establish and maintain a valid, attached and perfected security interest in the
Collateral in favor of Lender and its Affiliates (and their assignees, whether
direct or indirect) (free and clear of all other liens, claims, encumbrances and
rights of third parties whatsoever, whether voluntarily or involuntarily
created, except Permitted Liens) to secure payment of the Obligations and to
facilitate the collection of the Collateral. Borrower authorizes Lender and its
Affiliates (and their assignees, whether direct or indirect) to file, transmit,
or communicate, as applicable, financing statements and amendments describing
the Collateral as "all personal property of debtor" or "all assets of debtor" or
words of similar effect, in order to perfect Lender's and its Affiliates' (and
their assignees', whether direct or indirect) security interests in the
Collateral without Borrower's signature. Borrower also hereby ratifies its
authorization for Lender to have filed in any jurisdiction any financing
statements filed prior to the date hereof.
 
(e) Section 1(f) of Schedule A to the Loan Agreement is hereby amended and
restated in its entirety as follows:
 
(f) Permanent Reserve Amount:
$0, provided that the Permanent Reserve Amount shall increase in equal
consecutive monthly amounts of no less than $16,000 (or such other amount
mutually agreed between Borrower and Lender) on the fifteenth day of each
calendar month commencing with October 15, 2007, provided further that the
Permanent Reserve Amount shall not exceed $750,000

(f) Section 2(b)(ii) of Schedule A to the Loan Agreement is hereby amended and
restated in its entirety as follows:
 
(ii) Term Loan B Advance:
The Term Loan B Advance shall be repaid in equal consecutive monthly
installments of no less than $42,500 (or such other amount mutually agreed
between Borrower and Lender) payable on the fifteenth day of each calendar month
commencing with October 15, 2007, with the entire unpaid balance due and payable
on the Maturity Date.

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(g) Schedule B to the Loan Agreement is hereby amended by amending and restating
the definition of "Obligations" as follows:
 
"Obligations" means all present and future Loans, advances, debts, liabilities,
obligations, guaranties, covenants, duties and indebtedness at any time owing by
Borrowers or any Borrower to Lender and its Affiliates (and their assignees,
whether direct or indirect), whether evidenced by this Agreement, any other Loan
Document or otherwise, whether arising from an extension of credit, opening of a
Credit Accommodation, guaranty, indemnification or otherwise (including all
fees, costs and other amounts which may be owing to issuers of Credit
Accommodations and all taxes, duties, freight, insurance, costs and other
expenses, costs or amounts payable in connection with Credit Accommodations or
the underlying goods), whether direct or indirect (including those acquired by
assignment and any participation by Lender or its Affiliates (or their
assignees, whether direct or indirect) in Borrowers' indebtedness owing to
others), whether absolute or contingent, whether due or to become due, and
whether arising before or after the commencement of a proceeding under the
Bankruptcy Code or any similar statute, including all interest, charges,
expenses, fees, attorney's fees, expert witness fees, audit fees, letter of
credit fees, Closing Fees, Facility Fees, Servicing Fees, Unused Line Fees,
Minimum Borrowing Fees, Success Fees, amounts owing under warrants, Credit
Accommodation Fees and any other sums chargeable to Borrowers under this
Agreement or under any other Loan Document.

3. Covenants. As a condition of Agent's agreements hereunder, the following
terms and provisions shall apply (it being agreed that the violation by
Borrowers of any of the following provisions shall constitute an immediate Event
of Default):
 
(a) USAD Guarantee. Contemporaneously with the execution of this Amendment,
Borrowers shall cause USAD to execute a Guarantee (the "USAD Guarantee") in the
form attached hereto as Exhibit B. Each Borrower acknowledges, confirms and
agrees that an Event of Default shall occur and be continuing hereunder and
under the Loan Agreement if the USAD Guarantee or any provision thereof shall
cease to be in full force and effect, or any Person (including USAD) shall
contest in any manner the validity, binding nature or enforceability of the USAD
Guarantee or any such provision therein.
 
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(b) Additional Security Documents. Within thirty (30) days after the date of
this Agreement, (a) Oblio Telecom, Inc. ("Oblio") shall enter into an amendment
to the Trademark Security Agreement dated as of December 29, 2006, executed by
Oblio in favor of Lender, (b) Holdings shall enter into an amendment to the
Stock Pledge Agreement dated as of December 29, 2006, between Holdings and
Lender, (c) Oblio shall enter into an amendment to the Stock Pledge Agreement
dated as of December 29, 2006, between Oblio and Lender, and (d) Borrowers shall
enter into an agency agreement among Lender, Greystone, Borrowers and certain of
their affiliates, in each case in form and substance satisfactory to Lender.
 
(c) Western Union Lien Release. Within ten (10) days after the date of this
Agreement, Borrowers shall deliver to Lender, in form and substance satisfactory
to Lender, evidence of the termination of the blanket lien filed against
Holdings by Western Union Financial Service, Inc., which lien is attached hereto
as Exhibit C.
 
4. Representations and Warranties. Borrower hereby represents, warrants and
covenants as follows:
 
(a) Representations in Loan Documents. Each of the representations and
warranties made by or on behalf of Borrowers to Lender in any of the Loan
Documents was true and correct when made, and is true and correct on and as of
the date of this Amendment with the same full force and effect as if each of
such representations and warranties had been made by Borrowers on the date
hereof and in this Amendment.
 
(b) Binding Effect of Documents. This Amendment has been duly authorized,
executed and delivered to Lender by Borrowers, is enforceable in accordance with
its terms and is in full force and effect.
 
(c) No Conflict. The execution, delivery and performance of this Amendment by
Borrowers will not violate any requirement of law or contractual obligation of
Borrowers and will not result in, or require, the creation or imposition of any
Lien on any of its properties or revenues.
 
5. Conditions to Effectiveness. The effectiveness of this Amendment is subject
to the following conditions precedent (unless specifically waived in writing by
Lender), each to be in form and substance satisfactory to Lender:
 
(a) Lender shall have received (i) an original of this Amendment, duly
authorized, executed and delivered by Borrowers, (ii) an original USAD Guarantee
duly authorized, executed and delivered by USAD, and (iii) such other documents,
agreements and instruments as may be requested by Lender, each such document,
agreement and instrument to be in form and substance satisfactory to Lender;
 
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(b) Lender shall have received evidence of the consummation of the Acquisition
in accordance with the terms of the Purchase Agreement, and in compliance with
the requirements of applicable Law;
 
(c) All proceedings taken in connection with the transactions contemplated by
this Amendment and all agreements, documents, instruments, materials and other
legal matters incident hereto shall be satisfactory to Lender;
 
(d) Lender shall have been reimbursed for all reasonable costs, fees and
expenses incurred by Lender in connection with the preparation, execution,
administration or enforcement of this Amendment; and
 
(e) No Default or Event of Default shall be in existence as of the date hereof.
 
6. Effect of Amendment. Except as modified pursuant hereto, no other changes or
modifications to the Loan Documents are intended or implied and, in all other
respects, the Loan Documents hereby are ratified, restated and confirmed by all
parties hereto as of the effective date hereof. To the extent of conflict
between the terms of this Amendment and the other Loan Documents, the terms of
this Amendment shall govern and control. The Loan Agreement and this Amendment
shall be read and construed as one agreement.
 
7. Amendment as a Loan Document. Borrowers and Lender hereby agree that this
Amendment shall constitute a "Loan Document" for all purposes of the Loan
Agreement and the other Loan Documents, and any references to the Loan Documents
contained in any notice, request, certificate or other document executed
concurrently with or after the execution and delivery of this Amendment shall be
deemed to include this Amendment unless the context shall otherwise specify.
 
8. Costs and Expenses. Each Borrower absolutely and unconditionally agrees to
pay to Lender, on demand by Lender at any time, whether or not all or any of the
transactions contemplated by this Amendment are consummated: all fees and
disbursements of any counsel to Lender in connection with the preparation,
negotiation, execution, or delivery of this Amendment and any agreements
contemplated hereby and expenses which shall at any time be incurred or
sustained by Lender or any participant of Lender or any of their respective
directors, officers, employees or agents as a consequence of or in any way in
connection with the preparation, negotiation, execution, or delivery of this
Amendment and any agreements contemplated hereby.
 
9. Further Assurances. At Borrowers' expense, the parties hereto shall execute
and deliver such additional documents and take such further action as may be
necessary or desirable to effectuate the provisions and purposes of this
Amendment.
 
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10. Successors and Assigns. This Amendment shall be binding upon and inure to
the benefit of each of the parties hereto and their respective successors and
assigns.
 
11. Survival of Representations and Warranties. All representations and
warranties made in this Amendment or any other document furnished in connection
with this Amendment shall survive the execution and delivery of this Amendment
and the other documents, and no investigation by Lender or any closing shall
affect the representations and warranties or the right of Lender to rely upon
them.
 
12. Release.
 
(a) In consideration of the agreements of Lender contained herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, each Borrower, on behalf of itself and its successors, assigns,
and other legal representatives, hereby absolutely, unconditionally and
irrevocably releases, remises and forever discharges Lender, and its successors
and assigns, and its present and former shareholders, affiliates, subsidiaries,
divisions, predecessors, directors, officers, attorneys, employees, agents and
other representatives (Lender and all such other Persons being hereinafter
referred to collectively as the "Releasees" and individually as a "Releasee"),
of and from all demands, actions, causes of action, suits, covenants, contracts,
controversies, agreements, promises, sums of money, accounts, bills, reckonings,
damages and any and all other claims, counterclaims, defenses, rights of
set-off, demands and liabilities whatsoever (individually, a "Claim" and
collectively, "Claims") of every kind and nature, known or unknown, suspected or
unsuspected, at law or in equity, which any Borrower or any of its successors,
assigns, or other legal representatives may now or hereafter own, hold, have or
claim to have against the Releasees or any of them for, upon, or by reason of
any circumstance, action, cause or thing whatsoever which arises at any time on
or prior to the date of this Amendment, including, without limitation, for or on
account of, or in relation to, or in any way in connection with this Amendment,
the Loan Agreement, or any of the other Loan Documents or transactions hereunder
or thereunder.
 
(b) Each Borrower understands, acknowledges and agrees that the release set
forth above may be pleaded as a full and complete defense and may be used as a
basis for an injunction against any action, suit or other proceeding which may
be instituted, prosecuted or attempted in breach of the provisions of such
release.
 
(c) Each Borrower agrees that no fact, event, circumstance, evidence or
transaction which could now be asserted or which may hereafter be discovered
shall affect in any manner the final, absolute and unconditional nature of the
release set forth above.
 
13. Covenant Not to Sue. Each Borrower, on behalf of itself and its successors,
assigns, and other legal representatives, hereby absolutely, unconditionally and
irrevocably, covenants and agrees with and in favor of each Releasee that it
will not sue (at law, in equity, in any regulatory proceeding or otherwise) any
Releasee on the basis of any Claim released, remised and discharged by any
Borrower pursuant to Section 12 above. If any Borrower or any of its successors,
assigns or other legal representatives violates the foregoing covenant, such
Borrower, for itself and its successors, assigns and legal representatives,
agrees to pay, in addition to such other damages as any Releasee may sustain as
a result of such violation, all attorneys' fees and costs incurred by any
Releasee as a result of such violation.
 
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14. Severability. Any provision of this Amendment held by a court of competent
jurisdiction to be invalid or unenforceable shall not impair or invalidate the
remainder of this Amendment.
 
15. Reviewed by Attorneys. Each Borrower represents and warrants to Lender that
it (a) understands fully the terms of this Amendment and the consequences of the
execution and delivery of this Amendment, (b) has been afforded an opportunity
to discuss this Amendment with, and have this Amendment reviewed by, such
attorneys and other persons as such Borrower may wish, and (c) has entered into
this Amendment and executed and delivered all documents in connection herewith
of its own free will and accord and without threat, duress or other coercion of
any kind by any Person. The parties hereto acknowledge and agree that neither
this Amendment nor the other documents executed pursuant hereto shall be
construed more favorably in favor of one than the other based upon which party
drafted the same, it being acknowledged that all parties hereto contributed
substantially to the negotiation and preparation of this Amendment and the other
documents executed pursuant hereto or in connection herewith.
 
16. Governing Law: Consent to Jurisdiction and Venue. EXCEPT AS OTHERWISE
EXPRESSLY PROVIDED IN ANY OF THE LOAN DOCUMENTS, THIS AMENDMENT AND THE OTHER
LOAN DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND
THEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS
PRINCIPLES. EACH BORROWER HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL
COURTS LOCATED IN NEW YORK COUNTY, NEW YORK SHALL HAVE EXCLUSIVE JURISDICTION TO
HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN BORROWERS AND LENDER
PERTAINING TO THIS AMENDMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR TO ANY MATTER
ARISING OUT OF OR RELATED TO THIS AMENDMENT OR ANY OF THE OTHER LOAN DOCUMENTS;
PROVIDED, THAT NOTHING IN THIS AMENDMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE
LENDER FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION
TO COLLECT THE OBLIGATIONS, TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY
FOR THE OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF
LENDER. EACH BORROWER EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH
JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH
BORROWER HEREBY WAIVES ANY OBJECTION WHICH IT MAY HAVE BASED UPON LACK OF
PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS AND HEREBY
CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED
APPROPRIATE BY SUCH COURT. EACH BORROWER HEREBY WAIVES PERSONAL SERVICE OF ANY
AND ALL PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF
SUCH PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH
BORROWER AT THE ADDRESS SET FORTH IN THE LOAN AGREEMENT AND THAT SERVICE SO MADE
SHALL BE DEEMED COMPLETED UPON THE EARLIER OF SUCH BORROWER'S ACTUAL RECEIPT
THEREOF OR THREE (3) DAYS THE SAME HAS BEEN POSTED.
 
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17. Mutual Waiver of Jury Trial. THE PARTIES HERETO WAIVE ALL RIGHTS TO TRIAL BY
JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER
ARISING IN CONTRACT, TORT, OR OTHERWISE BETWEEN LENDER AND BORROWERS ARISING OUT
OF, CONNECTED WITH, RELATED OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED
BETWEEN THEM IN CONNECTION WITH THIS AMENDMENT OR ANY OF THE OTHER LOAN
DOCUMENTS OR THE TRANSACTIONS RELATED THERETO.
 
18. Counterparts. This Amendment may be executed in any number of counterparts,
but all of such counterparts shall together constitute but one and the same
agreement.
 
[Signature Page Follows]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed under seal and delivered by their respective duly authorized officers
on the date first written above.
 

         
Borrowers:
 
TITAN GLOBAL HOLDINGS, INC.
 
Lender:
 
GBC FUNDING, LLC (as assignee of Greystone Business Credit II, L.L.C.)
 
 
 
      By /s/ Bryan Chance   By /s/   

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Its
President

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  Its
Authorized Signatory 

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TITAN PCB WEST, INC.
     
 
 
      By /s/Bryan Chance        

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    Its
 

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TITAN PCB EAST, INC.
     
 
 
      By /s/Bryan Chance        

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    Its
 

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OBLIO TELECOM, INC.
     
 
 
      By /s/Kurt Jensen        

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    Its
 

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TITAN WIRELESS COMMUNICATIONS, INC.
     
 
 
      By /s/ Bryan Chance        

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    Its
 

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START TALK INC.
     
 
 
      By /s/ Bryan Chance        

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    Its
 

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PINLESS, INC.
     
 
 
      By /s/ Bryan Chance        

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    Its
 

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TITAN CARD SERVICES, INC.
     
 
 
      By /s/ Bryan Chance        

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    Its
 

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Signature Page to Amendment No. 7 to Loan and Security Agreement
 

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EXHIBIT A

See Attached.

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EXHIBIT B

See Attached.

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EXHIBIT C

See Attached.
 

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