Exhibit 10.9

The obligations evidenced hereby are subordinated in the priority order listed
below, and more particularly in the manner and to the extent set forth in that
certain Subordination Agreement (the “Subordination Agreement”) dated March 30,
2011 by and among Sovereign - Emerald Crest Capital Partners II, LP, Pacific
Specialty Insurance Company (collectively the “Senior Lenders”) and Emerald
Crest Management Company, LLC, as agent for the Senior Lenders (“Agent”), IU
HOLDINGS, LP ("Tier 2 Junior Lender") and the party identified as “Lender”
below, IU INVESTMENTS, LLC ("Tier 3 Junior Lender"), INTERNET UNIVERSITY, INC.
("Internet University"), MARC BLUMBERG ("Blumberg"), and MARC A. PICKREN
("Pickren", and collectively with Internet University and Blumberg, the "Tier 4
Junior Lenders") and INTERNET UNIVERSITY, INC. (a second time, “Tier 5 Junior
Lender”), , as defined as to all in the Subordination Agreement.   Lender is
senior to each loan and security interest of the Tier 3 Junior Lender, the Tier
4 Junior Lenders, the Tier 5 Junior Lender, Ned B. Timmer  (“Tier 6 Junior
Lender”), and Scott N. Beck (“Tier 7 Junior Lender”).  The Tier 5 Junior Lender,
the Tier 6 Junior Lender and the Tier 7 Junior Lender are signatories to the
Subordination Agreement, too .   Each holder of this instrument (“Promissory
Note”), by its acceptance hereof, agrees (i) to be bound by the Subordination
Agreement and (ii) that if and to the extent any conflict exists between the
terms of this instrument and the terms of the Subordination Agreement, the terms
of the Subordination Agreement shall govern and control.

PROMISSORY NOTE

$1,500,000.00

Date:

March 30, 2011
Dallas, Texas

FOR VALUE RECEIVED, the undersigned, CORNERWORLD CORPORATION, (“CornerWorld”),
ENVERSA COMPANIES LLC, ("Enversa"), CornerWorld, Inc. (“CWI”),Woodland Holdings
Corp. (“Holdings”), West Michigan Co-Location Services, LLC (“West Michigan”),
T2 TV, LLC (“T2TV”), T2 Communications, LLC (“T2”), Phone Services and More, LLC
(“PSM”), Gulf Media Solutions, LLC (“Gulf”), Tiny Dial, LLC (“Tiny Dial”),
Bascomb & Richards, LLC (“Bascomb”), Lantana Direct, LLC (“Lantana”), Digital
360, LLC (“Digital”), The Leadstream, LLC (“The Leadstream”), Aventura Media
System, LLC (“Aventura”), Money Jack, LLC (“Money Jack”) and CornerWorld, TV
(CWTV) (individually referred to herein as a "Borrower" and collectively as
"Borrowers", collectively, the “Grantors” as defined in the PSA), jointly and
severally promise to pay to the order of IU Holdings, LP (“Lender”) at it
address listed on the signature page hereto, the principal amount set forth
above plus interest thereon from the date hereof, in U.S. Dollars in immediately
available funds.

INTEREST.  Principal of this Promissory Note shall bear interest until payment
in full at the rate of 12% per annum until payment in full of the principal sum
of this Promissory Note.  Interest shall be computed on the basis of a three
hundred sixty-five (365) day year and actual days elapsed.  Accrued interest is
due and payable on the last calendar day of each month computed based on the
entire outstanding principle.

PAYMENTS.  Payments shall be made in accordance with Schedule A hereto.  If any
amount becomes due and payable hereunder on a Saturday, Sunday or public or
other banking holiday under the law of the State of Texas, with respect to such
amount the payment date shall be extended to

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the next succeeding business day, and interest shall be payable thereon at the
rate herein specified during such extension.

PRINCIPAL; MATURITY DATE. All outstanding principal and accrued and unpaid
interest shall become due and payable on the date of the earliest of (i)
February 28, 2013 and (ii) the acceleration of the maturity of the amounts due
hereunder upon an Event of Default (as herein defined) in accordance with the
provisions of this Promissory Note.  

PREPAYMENT.  Borrowers may prepay this Promissory Note in full or in part at any
time without penalty.  All payments shall be applied by Lender as follows:
first, to the payment of all accrued but unpaid fees, costs, or expenses under
this Promissory Note; second, to the payment of interest on the amount of
principal being repaid; third, to the repayment of principal under this
Promissory Note; and fourth, the balance, if any, to Borrowers or to whomsoever
may be entitled to such amounts as determined by Lender in its reasonable
discretion.

ADDITIONAL CONSIDERATION.  On the date of execution of this Promissory Note, as
additional consideration to induce Lender to enter into this Promissory Note,
CornerWorld agrees to issue to Lender and/or its assigns 48,414,132 shares of
CornerWorld Corporation Common stock.  Additionally, CornerWorld grant here to
Tier Two Junior Lender the right to appoint two members, and the consent right
to approve a third member, to the Board of Directors of CornerWorld Corporation.
 CornerWorld additionally agrees that its Board of Directors shall consist of no
more than five (5) members.  The provisions of this paragraph shall remain in
effect as long as Tier Two Junior Lender’s Promissory Note remains outstanding
and persist after the Promissory Note has been repaid.

SECURITY.  The obligations of the Borrowers hereunder will be secured by
collateral granted in favor of Lender as set forth in the Pledge and Security
Agreement (“PSA”) dated as of March __, 2011, made by Borrowers in favor of
Lender, subject to the terms and conditions of the Subordination Agreement.

EVENTS OF DEFAULT BORROWERS; REMEDIES.  The occurrence of any of the following
events (each, an “Event of Default”) for more than 5 Business Days (hereafter
the “Cure Period”) after receipt of written notice from Lender to Borrower,
shall, at the option of the Lender, make all sums of interest and principal of
this Promissory Note immediately due and payable upon presentment or demand for
payment, protest or notice of nonpayment or dishonor, or other notices or
demands of any kind or character:

(a)        default in the payment when due of interest or principal;

(b)        default in the payment when due of interest or principal to the
extent that the aggregate principal amount of all such indebtedness   exceeds
$50,000, when due (whether by scheduled maturity, required prepayment,
acceleration, demand or otherwise)

(c)        insolvency, general assignment for the benefit of creditors, filing
of any petition in bankruptcy or for relief under the provisions of the
Bankruptcy Code or any other laws or laws for the relief of or relating to
debtors, of, by, or against the Borrowers of the indebtedness evidenced by this
Promissory Note, provided that if any proceeding shall be instituted against any
Borrower or any of their subsidiaries seeking to adjudicate it as bankrupt or
insolvent, or seeking dissolution, liquidation, winding up, reorganization,
arrangement, adjustment, protection, relief of debtors, or seeking the entry of
an order for relief or the appointment of a receiver, trustee, custodian or
other similar official for any

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such Person or for any substantial part of its property, and either such
proceeding shall remain undismissed or unstayed for a period of 45 days or any
of the actions sought in such proceeding (including, without limitation, the
entry of an order for relief against Borrower or the appointment of a receiver,
trustee, custodian or other similar official for it or for any substantial part
of its property) shall occur;

WAIVERS.  Borrowers waive demand and presentment for payment, notice of
non-payment or dishonor, notice of protest and protest of this Promissory Note
and any other notice required to be given by applicable law and agrees that its
liability hereunder shall not be affected by any renewals, amendments or
modifications of this Promissory Note, or extensions of the time of payment of
all or any part of the amount owing hereunder at any time or times.

EXPENSES; ATTORNEYS’ FEES.  Borrowers agree to pay any and all court costs
incurred by Lender in a legal action based on an Event of Default.  Borrowers
agree to pay, to the extent allowed by law, reasonable attorneys’ fees, costs
and expenses paid or incurred by Lender in connection with the collection or
enforcement of this Promissory Note, including but not limited to reasonable
attorneys’ fees, court costs, and costs incurred in connection with any
bankruptcy proceedings, whether or not suit is filed.  Borrowers agree to pay in
full all amounts due under this Promissory Note without setoff, counterclaim, or
any deduction whatsoever.

MISCELLANEOUS.  No provision of this Promissory Note shall be waived, modified
or limited except by a written agreement signed by Lender and Borrowers.  The
unenforceability of any provision of this Promissory Note shall not affect the
enforceability or validity of any other provision hereof.  No delay or omission
on the part of Lender in exercising any rights hereunder shall operate as a
waiver of such right or of any other right under this Promissory Note.  This
Promissory Note shall be binding upon the Borrowers and its successors and
assigns and shall inure to the benefit of the Lender and its successors and
assigns.  Lender is hereby authorized at any time and from time to time, to the
fullest extent permitted by law, to set off and apply any and all indebted­ness
at any time owing by the Lender to or for the credit or the account of the
Borrowers against any of and all the obligations of the Borrowers now or
hereafter existing under this Promissory Note held by the Lender, irrespective
of whether or not the Lender shall have made any demand under this Agreement and
although such obligations may be unmatured.  The rights of each Lender under the
preceding sentence are in addition to other rights and remedies (including other
rights of setoff) which the Lender may have.

GOVERNING LAW; JURISDICTION.  THIS PROMISSORY NOTE SHALL BE GOVERNED BY THE LAWS
OF THE STATE OF TEXAS.  BORROWER HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION
OF ANY FEDERAL OR STATE COURT IN THE STATE OF TEXAS AND CONSENTS TO THE PLACING
OF VENUE IN DALLAS COUNTY OR OTHER COUNTY PERMITTED BY LAW, AND  TO THE EXTENT
PERMITTED BY APPLICABLE LAW, BORROWER HEREBY WAIVES AND AGREES NOT TO ASSERT BY
WAY OF MOTION, AS A DEFENSE OR OTHERWISE, IN ANY SUCH SUIT, ACTION OR PROCEEDING
ANY CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF SUCH COURTS,
THAT THE SUIT, ACTION OR PROCEEDING IS BROUGHT IN AN INCONVENIENT FORUM, THAT
THE VENUE OF THE SUIT, ACTION OR PROCEEDING IS IMPROPER, OR THAT THIS AGREEMENT
OR INSTRUMENT REFERRED TO HEREIN MAY NOT BE LITIGATED IN OR BY SUCH COURTS.  TO
THE EXTENT PERMITTED BY APPLICABLE LAW, BORROWER AGREES NOT TO SEEK AND HEREBY
WAIVES THE RIGHT TO ANY REVIEW OF THE JUDGMENT OF ANY SUCH COURT BY ANY COURT OF
ANY OTHER NATION OR JURISDICTION WHICH MAY BE CALLED UPON TO GRANT AN
ENFORCEMENT OF SUCH JUDGMENT.  NOTHING HEREIN SHALL AFFECT ANY RIGHT THAT THE
PARTIES MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS
PROMISSORY NOTE IN THE

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COURTS OF ANY OTHER JURISDICTION.  EXCEPT AS PROHIBITED BY LAW, BORROWER HEREBY
WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION
DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
AGREEMENT.

VENUE.  The undersigned consents to the nonexclusive jurisdiction and venue of
the state or federal courts located in the City of Dallas, Texas.

TRIAL BY JURY.  The undersigned hereby waives any right to a trial by jury in
any action or proceeding arising out of or in connection with this Promissory
Note, or any other claim or dispute between the undersigned and the Lender.

ESCROW.  The proceeds of the principal amount hereunder shall be held in escrow
pending the execution and delivery of the Stock Purchase Agreement and the
consummation of the transactions thereunder.  In the event that the Stock
Purchase Agreement shall not be executed and delivered and the transactions
thereunder not consummated, the proceeds shall be promptly returned to the
Lender.

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IN WITNESS WHEREOF, the parties hereto have duly executed this Promissory Note
the day and year first above written.

BORROWERS:

CORNERWORLD CORPORATION,

A NEVADA CORPORATION

 

By: _/s/ Scott N. Beck____________________________

Name: Scott Beck

Title:   Chairman and Chief Executive Officer

 

 

ENVERSA COMPANIES LLC,

A TEXAS LIMITED LIABILITY COMPANY

BY CORNERWORLD CORPORATION,

ITS SOLE MEMBER

 

By: _/s/ Scott N. Beck__________________________

Name: Scott Beck

Title:   Chief Executive Officer

 

 

WOODLAND HOLDINGS CORP.

BY: CORNERWORLD CORPORATION, ITS SOLE STOCKHOLDER

By: _/s/ Scott N. Beck____________________________

Name: Scott Beck

Title:   Chief Executive Officer

 

 

WEST MICHIGAN CO-LOCATION SERVICES, LLC,

A MICHIGAN LIMITED LIABILITY COMPANY

BY WOODLAND HOLDINGS CORPORATION,

ITS SOLE MEMBER

 

By: _/s/ Scott N. Beck____________________________

Name: Scott Beck

Title:   Chief Executive

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T2 TV, LLC,

A MICHIGAN LIMITED LIABILITY COMPANY

BY WOODLAND HOLDINGS CORPORATION,

ITS SOLE MEMBER

 

By: _/s/ Scott N. Beck____________________________

Name: Scott Beck

Title:   Chief Executive Officer

 

 

CORNERWORLD, INC.,

A DELAWARE CORPORATION

BY CORNERWORLD CORPORATION,

ITS SOLE STOCKHOLDER

 

By: _/s/ Scott N. Beck____________________________

Name: Scott Beck

Title:   Chairman and Chief Executive Officer

 

 

T2 COMMUNICATIONS, , LLC

A MICHIGAN LIMITED LIABILITY COMPANY

BY WOODLAND HOLDINGS CORPORATION,

ITS SOLE MEMBER

 

By: _/s/ Scott N. Beck____________________________

Name: Scott Beck

Title:   Chief Executive Officer

 

 

PHONE SERVICES AND MORE, LLC D/B/A VISITATEL

A MICHIGAN LIMITED LIABILITY COMPANY

BY WOODLAND HOLDINGS CORPORATION,

ITS SOLE MEMBER

 

By: _/s/ Scott N. Beck____________________________

Name: Scott Beck

Title:   Chief Executive Officer

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GULF MEDIA SOLUTIONS, LLC

A DELAWARE LIMITED LIABILITY COMPANY

 

By: _/s/ Patrick Vilyus____________________________

Name: Patrick Vilyus

Title:   President

 

 

TINY DIAL, LLC,

A DELAWARE LIMITED LIABILITY COMPANY

BY ENVERSA COMPANIES, LLC,

ITS SOLE MEMBER

 

By: _/s/ Scott N. Beck____________________________

Name: Scott Beck

Title:   Chief Executive Officer

 

 

BASCOMB AND RICHARDS, LLC,

A DELAWARE LIMITED LIABILITY COMPANY

 

By: _/s/ Joel Brewer____________________________

Name: Joel Brewer

Title:   President

 

 

LANTANA DIRECT, LLC,

A DELAWARE LIMITED LIABILITY COMPANY

 

By: _/s/ Steve Eaton____________________________

Name: Steve Eaton

Title:   President

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DIGITAL360, LLC,

A NEVADA LIMITED LIABILITY COMPANY

By: _/s/ Israle Arguello____________________________

Name: Israel Arguello

Title:   Chief Executive Officer

THE LEADSTREAM, LLC,

A DELAWARE LIMITED LIABILITY COMPANY

By: _/s/ Marc A. Pickren____________________________

Name: Marc Pickren

Title:   President

 

 

AVENTURA MEDIA SYSTEMS, LLC,

A FLORIDA LIMITED LIABILITY COMPANY

 

By: _/s/ Don Robers_______________________________

Name: Don Roberts

Title:   Chief Executive Officer

 

 

MONEY JACK, LLC

A DELAWARE LIMITED LIABILITY COMPANY

BY: ENVERSA COMPANIES, LLC, its Sole Member

By: _/s/ Scott N. Beck_____________________________

Name: Scott Beck

Title:   Chief Executive Officer

 

 

CORNERWORLD TV, LLC

A MICHIGAN LIMITED LIABILITY COMPANY

BY WOODLAND HOLDINGS CORPORATION,

ITS SOLE MEMBER

By: _/s/ Scott N. Beck_____________________________

Name: Scott Beck

Title:   Chief Executive Officer

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The undersigned Lender, acknowledges receipt of this Promissory Note on the 30
day of March, 2011.

LENDER:

IU HOLDING, LP

By: _/s/ Rosemary Papa _________________

Name: IU Holdings, GP, Inc.

Its:      General Partner

By: _____________________________

(Name and Title)

Address: _____________________________

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Schedule A

Scheduled Payment Date

Amount

May 31, 2011

$187,500

August 31, 2011

$187,500

November 30, 2011

$187,500

February 29, 2012

$187,500

May 31, 2012

$187,500

August 31, 2012

$187,500

November 30, 2012

$187,500

February 28, 2013

$187,500

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