Exhibit 10.5

RELEASE OF SECURITY INTEREST

          Venturos AS, a Norwegian corporation (“Lender”), hereby releases to
MediaBin, Inc., a Georgia corporation (“Borrower”) and forever relinquishes all
rights, title and interest in and to the Collateral (as such term is defined in
those certain Short Term Advances dated October 4, 2002, December 13, 2002 and
December 30, 2002 acknowledge that the obligations of Borrower under said
Advances remain in full force and effect and that Lender retains all rights and
remedies at law and equity with respect to the outstanding principal sum and
interest advanced to Borrower pursuant to the Advance. 

VENTUROS AS

 

By:

/s/ RUNE DYBESLAND

 

 

--------------------------------------------------------------------------------

 

Name:

Rune Dybesland

 

Title:

CFO