Exhibit 10.2

FIRST AMENDED SECURITY AGREEMENT

This First Amended Security Agreement by and between MMRGlobal, Inc., a Delaware
corporation ("Parent") and MyMedicalRecords, Inc., a Delaware corporation,
previously known as MyMedicalRecords.com, Inc. ("Subsidiary") (together,
"Debtor") is made and entered into this 26th day of June, 2012 (the "EXECUTION
DATE"), and is intended to modify, update and amend that certain Security
Agreement dated on the 13th day of August, 2007 between MyMedicalRecords.com,
Inc., a Delaware corporation ("MMR.COM"), and The RHL Group, Inc., a California
Corporation ("Secured Party").

RECITALS

WHEREAS, as of July 31, 2007 MMR.COM and the Secured Party entered into that
certain Promissory Note dated 　July 31　, 2007, in the principal amount of up to
$100,000, as amended through the Amended and Restated Secured Promissory Note
dated August 23, 2007, which increased the principal amount to $1,000,000 or
more as further amended through the Second Amended and Restated Secured
Promissory Note dated August 1, 2008 in the principal amount of $1,000,000 or
more as further amended through the Third Amended and Restated Secured
Promissory Note dated April 29, 2009 in the principal amount of up to $3,000,000
by mutual agreement of the Debtor and the Secured Party, made by the Debtor in
favor of Secured Party (the "Note") by and between Debtor and Secured Party;

WHEREAS, MMR.COM has since become the Subsidiary of the Parent;

WHEREAS, both the Subsidiary and the Parent are now both debtors of the Secured
Party;

WHEREAS, Secured Party has advanced, or will advance up to the Amount (as that
term is defined in Paragraph 2 below) to the Debtor pursuant to the Loan
Documents, or has or will guarantee on behalf of the Debtor for other amounts in
excess of the Amount or has or will advance other amounts on behalf of the
Debtor in excess of the Amount;

WHEREAS, the Board of Directors of the Debtor has previously approved and
ratified the Note and has authorized the Debtor to enter into this Security
Agreement;

NOW, THEREFORE, Debtor and the Secured Party hereby agree as follows:

Recitals

Debtor acknowledges and agrees that the foregoing recitals are true and correct.
The Recitals are incorporated herein as though fully set forth herein.

Definitions

As used in this Agreement, the following terms shall have the following
definitions. The following definitions shall be applicable to both the singular
and plural forms of the defined terms:

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"Accounts" means and includes all presently existing and hereafter arising
accounts, contract rights, instruments, documents, chattel paper, and all other
forms of obligations owing to Debtor arising out of the sale or lease of goods
or rendition of services by Debtor, whether or not earned by performance, and
any and all credit insurance, guaranties and other security therefor, as well as
all merchandise returned to or reclaimed by Debtor and Debtor's Books (except
minute books) relating to any of the foregoing.

"Agreement" means this Security Agreement, as amended from time to time,
together with any and all extensions, renewals and modifications thereto. The
term "Agreement" shall also mean all addenda, schedules, riders and exhibits as
may be described, referenced or otherwise set forth herein or attached hereto
and made a part hereof, and all amendments, extensions, and modifications
thereof

"Amount"

means the "Unpaid Balance as that term is used in the Sixth Amended and Restated
Secured Promissory Note (For Revolving Line of Credit, for any monies advanced
on behalf of the Borrower, for any monies due from the Borrower and For
Guaranteed Obligations, if any), and any and all of its previous iterations.

"Books" mean and include any and all of abstracts, books, notes, memoranda,
correspondence or records associated, connected or prepared by, for or to Debtor
in connection with the organization, operation and existence of Debtor, Debtor's
business or Debtor's financial condition, including, but not limited to, general
books, tax returns, audit reports (if available), ledgers and records
indicating, summarizing or evidencing Debtor's assets, business operations,
financial condition, liabilities, the Collateral and all information relating
thereto or summarizing; all computer programs, telefaxes, tested telexes,
electronically transmitted or stored information, facsimiles, disc or tape
files, printouts, runs, and all other electronic or computer-generated
information; the equipment containing such information; and the operating
systems necessary to run the equipment and all software utilized to process the
information.

"Code" means the California Commercial Code. Any and all terms used in this
Agreement that are defined in the California Commercial Code and not
specifically defined herein shall be construed to have the meaning and
definition ascribed to them in the California Commercial Code in effect on the
date hereof.

"Collateral" means and includes each and all of the following: all of the
Parent's and Subsidiary's personal property, trademarks, tradenames, Patents,
Patent Applications, the Accounts, the Equipment, the Intangibles, the
Inventory, and each and all of Debtor's documents, instruments, contracts
(including but not limited to the Debtor's rights in services agreements by and
between the Debtor and Nihilent, Jelecos, Alchemy, XO Communications, Verizon
Business, Cerner and Patient Education, and licensing agreements with Celgene,
and Visi, Inc.), deposit accounts and fixtures, and all life and other insurance
policies and claims, and all rights in all litigation presently or hereafter
pending for any cause or claim (whether in contract, tort or otherwise), and all
judgments now or hereafter arising therefrom; the foregoing include, but are not
limited to, the following: all obligations for the payment of money arising out
of Debtor's sale or lease of goods or rendition of services; all moneys,
securities and other property now or hereafter held or received by, or in
transit to, Secured Party from or for Debtor, whether for safekeeping, pledge,
custody, transmission, collection or otherwise; all of Debtor's deposits
(general or special), balances, sums and credits with, and all claims of Debtor
against Secured

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Party, at any time existing; all right, title and interest of Debtor, and all of
Debtor's rights, remedies, security and liens in, to and in respect of all
Accounts and other Collateral, including, without limitation, rights of stoppage
in transit, replevin, repossession and reclamation and other rights and remedies
of an unpaid vendor, lien or secured party, and all guaranties and other
contracts of suretyship with respect to any accounts and other collateral, and
all deposits and other security for any accounts and other collateral, and all
credit and other insurance; all other general intangibles of every kind and
description, including (without limitation) the domain name and URL
"MyMedicalRecords.com" and "MyEsafeDepositBox.com", and any other URL's owned by
the Debtor, trade names, trade styles and trademarks and the goodwill of the
business symbolized thereby, federal, state and local tax refunds and claims of
all kinds, all rights as a licensor or licensee of any kind, all customer lists,
trade secrets, telephone numbers, processes, proprietary information, and
purchase orders, and all rights to purchase, lease, sell, or otherwise acquire
or deal with real or personal property (and all rights relating thereto); all
notes, drafts, letters of credit, contract rights, License Agreement and things
in action; all drawings, specifications, blueprints and catalogs; and all raw
materials, work in process, materials used or consumed in Debtor's business,
goods, finished goods, returned goods and all other goods and inventory of
whatsoever kind or nature, and all wrapping, packaging, advertising and shipping
materials, and all documents relating thereto, and all labels and other devices,
names and marks affixed or to be affixed thereto for purposes of selling or
identifying the same or the seller or manufacturer thereof; all equipment,
machinery, machine tools, motors, controls, parts, vehicles, tools, dies, jigs,
furniture, furnishings and fixtures; all attachments, accessories, accessions
and property now or hereafter affixed to or used in connection with any of the
foregoing, and all substitutions and replacements for any of the foregoing; and
all books, records, ledger cards, computer data and programs and other property
and general intangibles at any time evidencing or relating to any or all of the
foregoing; and all products and proceeds of any or all of the foregoing, in any
form (including, without limitation, any insurance proceeds, and all claims by
Debtor against third parties for loss or damage to, or destruction of, or
otherwise relating to, any or all of the foregoing).

"Default" means an event that with the passage of time, or the giving of notice,
or both, would constitute or become an Event of Default.

"Equipment" means and includes all of Debtor's present and hereafter-acquired
equipment including, without limitation, all of Debtor's machinery, machine
tools, motor vehicles and generators not held for sale or lease, equipment,
controls, attachments, parts, tools, furniture, furnishings, fixtures and all
attachments, accessories, accessions, replacements, substitutions, additions and
improvements to any of the foregoing; and all present and future dies, drawings,
blueprints, reports, catalogs, computer programs and instruction manuals;
together with Debtor's Books relating to any and all of the foregoing.

"Event of Default" means the occurrence of any one of the events set forth in
Sections 3.7 and 　6.1 of this Agreement, or any default under the Note.

"Intangibles" mean and include all of Debtor's present and future general
intangibles and other personal property (including, without limitation, any and
all chooses or things in action, patents, trade names, copyrights, trademarks,
the domain name and site "MyMedicalRecords.com" and "MySafeDepositBox.com" and
any other similar or variant

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URL's owned by the Debtor, goodwill (including, without limitation the goodwill
of the business symbolized by any of the foregoing), labels, deposits, licenses,
permits, packaging orders, computer programs, computer discs, computer tapes,
operating manuals, literature, reports, and tax refunds) other than goods and
Accounts, together with Debtor's Books relating to any of the foregoing,
including but not limited to the MedicAlert's product offering of the Debtor.

"Inventory" means and includes all present and hereafter acquired inventory in
which Debtor has any interest including, without limitation, all present and
hereafter acquired goods, machinery, motor vehicles, generators and equipment
held by Debtor for sale or lease or to be furnished under a contract of service
and all of Debtor's packing and shipping materials, wherever located, together
with Debtor's Books relating to any of the foregoing.

"Laws" means all federal, state and local laws, rules, regulations, ordinances
and codes.

"License Agreement" means an agreement by and between the Debtor and one or more
third parties pursuant to which rights and privileges are licensed by those
third parties to the Debtor or to those third parties by the Debtor. The term
"License Agreement" may encompass more than one such agreement.

"Lien" means and includes any voluntary or involuntary security interest,
mortgage, pledge, claim, charge, encumbrance, title retention agreement, or any
other third- Person interest (except as created in the ordinary course of
business), covering all or any portion of the Collateral.

"Loan Documents" means the Note, any previous iterations thereof, the Security
Agreement, any and all Restatement and Affirmation Agreements as described in
Section 3.7, and any and all other documents entered into in connection with, or
in relation to all or any of the foregoing.

"Note" shall mean that certain Sixth Amended and Restated Secured Promissory
Note (For Revolving Line of Credit, Advances and Guaranteed Obligations) in the
original principal amount (in 2007) of up to One Hundred Thousand Dollars
($100,000.00), as increased to up to Three Million Dollars ($3,000,000) in
subsequent amendments or more by mutual agreement of the Debtor and the Secured
Party, dated on the EXECUTION DATE made by the Debtor in favor of the Secured
Party. The Unpaid Balance due as of April 30, 2012 is deemed to be $2,301,100 by
the parties hereto.

Initials Required

___________ (for "Parent")

___________ (for "Subsidiary")

"Obligations" shall mean and include any and all loans, advances, debts,
liabilities, obligations, payments, covenants and duties owing by Debtor to
Secured Party of any kind and description, whether direct or indirect, absolute
or contingent, due or to become due, now existing or hereafter arising,
including, without limitation, under or in connection with the Note, this
Security Agreement, any and all other Loan Documents, and all extensions,
renewals, substitutions and modifications of any of the foregoing, including,
without limitation, all interest not paid when due and fees and expenses which
Debtor is required to pay or reimburse by this Agreement, by Law, or otherwise.

"Patent Applications" means the applications, or other documents, past, present
and/or

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future, filed by, or on behalf of the Parent or Subsidiary, or its subsidiaries
or affiliates, including but not limited to the items listed on Exhibit "1".

"Person" means any individual, corporation, partnership, joint venture, trust,
unincorporated association, Governmental Agency or other legal business entity.

"Representative" means any agent, attorney, inspector, auditor, accountant,
consultant or other such third Person retained by Secured Party to administer or
carry out all or any portion of this Agreement, from time to time, without
notice to or approval of Debtor.

Creation of Security Interest

3.1   Grant. Debtor, including both Parent and Subsidiary, hereby grants to
Secured Party a continuing security interest in all Collateral, now owned or
hereafter acquired and wherever located, in order to secure prompt performance
and repayment of any and all Obligations owed by Debtor to Secured Party.
Secured Party's security interest in the Collateral shall attach to all
Collateral without further act on the part of Secured Party or Debtor. The
Collateral shall be subject to the terms and conditions of this Agreement and
the other Loan Documents. Notwithstanding anything to the contrary in this
Agreement, nothing herein is any way intended to derogate from any security
interest heretofore granted to the Secured Party in and to the Collateral (or
any portion thereof). To the extent that Debtor has heretofore granted a
security interest to the Secured Party in or to the Collateral (or any portion
thereof), Debtor hereby confirms and reaffirms such security interest and the
Secured Party's rights and interests under this Agreement shall be deemed to be
cumulative with (and not in lieu of) such other rights and security interests.

3.2   Assignment of Accounts. From time to time, and at Secured Party's request,
Debtor shall provide Secured Party with schedules describing all Accounts
created or acquired by Debtor and shall execute and deliver written assignments
of such Accounts to Secured Party; provided, however, that Debtor's failure to
execute and deliver such schedules or assignments shall not affect or limit
Secured Party's security interest and other rights in and to the Accounts.

3.3   Execution of Documents. Debtor shall execute and deliver to Secured Party,
concurrent with Debtor's execution of this Agreement, and at any time or times
hereafter at the request of Secured Party, all financing statements,
continuation financing statements, fixture filings, security agreements,
pledges, chattel mortgages, assignments, endorsements, certificates of title,
affidavits, subordination agreements, landlord waivers and consents, reports,
notices (including, without limitation, notices to depository secured parties),
schedules of accounts, letters of authority and all other documents that Secured
Party may reasonably request, in form satisfactory to Secured Party, to perfect
and maintain perfected Secured Party's security interests in the Collateral and
in order to fully consummate all of the transactions contemplated under this
Agreement and the other Loan Documents.

3.4   Authority of Secured Party and Appointment.

Debtor hereby irrevocably makes, constitutes and appoints Secured Party or
Secured Party's Representative as Debtor's true and lawful attorney with power
to

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sign the name of Debtor on any of the above-described documents or on any other
similar documents that need to be executed, recorded, or filed in order to
perfect or continue perfected Secured Party's security interest in the
Collateral. Debtor authorizes Secured Party, at Secured Party's discretion and
as Secured Party deems necessary, from time to time, to verify Collateral, by
letter, telephone, email or personal contact.

From and after an Event of Default that is not cured within the cure period
specified in the Note, Debtor hereby appoints Secured Party or Secured Party's
Representative as Debtor's attorney, with power to endorse Debtor's name on any
checks, notes, acceptances, money orders, drafts or other forms of payment or
security that may come into Secured Party's possession; to sign Debtor's name on
any invoice, lease or contract relating to the Collateral, on drafts against
account debtors, on schedules and assignments of Accounts, on verifications of
Accounts and on notices to account debtors; to establish a lock box arrangement
or to notify the post office authorities to change the address for delivery of
Debtor's mail to an address designated by Secured Party; to receive and open all
mail addressed to Debtor and to retain all mail relating to the Collateral and
forward all other mail to Debtor; and to do all things necessary to carry out
this Agreement.

Debtor hereby ratifies, acknowledges and approves any and all acts of Secured
Party and its Representatives, and neither Secured Party nor any Representative
of Secured Party shall be liable for any acts, omissions to act, error or
mistake in judgment, mistake of fact, or mistake of Law that is made by Secured
Party or its Representatives in good faith. The appointment of Secured Party or
Secured Party's Representative as Debtor's attorney-in-fact, and each and every
one of Secured Party's rights and powers, being coupled with an interest, are
irrevocable until released in writing by Secured Party.

3.5   Direct Notification. From and after an Event of Default, that is not cured
within the cure period specified in the Note, after notice to Debtor pursuant to
Section　9502 of the California Commercial Code, Secured Party or Secured Party's
Representative may, at any time, notify lessees, customers or account debtors of
Debtor that the Accounts have been assigned to Secured Party and that Secured
Party has a security interest therein, collect the Accounts directly, and charge
the collection costs and expenses to Debtor's account, and Debtor shall collect
all Accounts for the benefit of Secured Party and receive in trust all payments
received on account of the Accounts. The receipt of any check or other item of
payment by Secured Party shall not be considered a payment on account until such
check or other item of payment is honored when presented for payment.

3.6   Modifications of Accounts. Prior to the occurrence of an Event of Default
but subject to the terms of this Agreement, Debtor may modify, amend or
terminate any account without the consent of Secured Party. From and after the
occurrence of an Event of Default, Debtor shall not enter into any new Accounts,
leases or rental contracts, settle or modify the terms of any existing Accounts,
leases or rental contracts without the prior written consent of Secured Party.
After the occurrence of an Event of Default, Secured Party may settle or adjust
disputes with the lessees and account debtors upon such terms as it deems
advisable and will credit Debtor's account with the amounts so received net of
Secured Party's Expenses incurred in connection therewith.

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3.7   Restatement and Affirmation Agreements

From time to time, and at no greater time period than monthly, commencing with
the time period ending on September 30, 2007 the Debtor shall present to Secured
Party an accounting of what it believes to be due under the Note. Each monthly
period shall be referred to as an "ACCOUNTING PERIOD". The accounting shall
incorporate and reflect the following transactions: (1) the previous amount due
(either at inception or as the result of the just previous Restatement and
Affirmation Agreement); (2) any advances made by Secured Party, whether by way
of transfer to the Debtor, or for the benefit of the Debtor or due the Debtor,
or by way of guarantee by the Secured Party; (3) any payments made by Debtor;
(4) any interest, costs or fees accruals; and (5) any other item that affects
the amount due, whether or not specifically described in the Security Agreement.
It shall then state the amount then due at the close of the particular
ACCOUNTING PERIOD and state that the Debtor acknowledges that the amount due is
indeed due without offset or claim by the Debtor. The accounting is referred to
herein as the "ACCOUNTING".

The ACCOUNTING shall be delivered by the Debtor to Secured Party as described in
Section 7.1 below no later than the 15th day after the close of each respective
ACCOUNTING PERIOD. Thus, the first ACCOUNTING will be due on September 15, 2007.

The Secured Party shall have up to 30 days to approve the ACCOUNTING by signing
the ACCOUNTING as "approved", or otherwise in writing indicate his disapprovals,
and the reasons why. The parties then must meet and confer to resolve any
differences as to the amount due. If the Secured Party and the Debtor cannot so
resolve the differences within 15 days then the parties shall refer the matter
to the Certified Public Accountant of the Secured Party (who shall be named by
Secured Party from time to time) (the "CPA") to resolve the differences for that
particular accounting period and determine the amount due as of the close of
that particular ACCOUNTING PERIOD. The CPA shall not have the authority to
question or adjust any amounts that have already been previously agreed to by
the parties under prior accountings and shall only resolve the question of the
amount due for the particular ACCOUNTING PERIOD under controversy. The CPA's
costs and fees for the tasks described herein shall be paid for by the Debtor.

If the Secured Party takes no action to disapprove any particular ACCOUNTING
within the 30 day period after the subject ACCOUNTING is delivered to him under
Section 3.7(b) above, then the ACCOUNTING shall be deemed to be approved by the
Secured Party.

The amount due by the Debtor under the ACCOUNTING shall be deemed to restate,
and affirm, the amount due under the Note as of the end of the ACCOUNTING
PERIOD. The amounts determined herein shall be conclusive as between the Secured
Party and the Debtor and the Note amount shall be deemed to be automatically
adjusted.

The ACCOUNTING, as approved by the Secured Party, or as otherwise agreed to
between the Debtor and the Secured Party, or as determined by the CPA under

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Section 3.7 (c) above, shall be deemed to be the "Restatement and Affirmation
Agreement" for the particular ACCOUNTING PERIOD.

In the event that the Debtor does not deliver the ACCOUNTING as described an
Section 3.7(b) above, then (1) an Event of Default shall be deemed to have
occurred; and (2) the Secured Party shall either prepare the ACCOUNTING himself
or instruct the CPA to prepare the ACCOUNTING. The ACCOUNTING shall then be
delivered to the Debtor as described in Section 7.1 below. In the situation
described in this Section 3.7(g) the Debtor shall not have any right to question
the ACCOUNTING, or the amount due under the Note for the particular ACCOUNTING
PERIOD under question, unless the Debtor can prove that the ACCOUNTING was
fraudulently prepared.

Debtor's Representations and Warranties.

Debtor represents and warrants that:

Debtor is (or to the extent that this Security Agreement states that the
Collateral is to be acquired after the date hereof, will be) the sole owner of
the Collateral; that the security interest hereunder in the Collateral is a
first, prior and perfected security interest; that there are no security
interests, liens or encumbrances, or adverse claims of title to, or any other
interest whatsoever in, the Collateral or any portion thereof except that
created by this Security Agreement; and that no financing statement, mortgage or
deed of trust covering the Collateral or any portion thereof exists or is on
file in any public office;

The Collateral has not been and will not be used or bought by Debtor for
personal, family or household purposes

Debtor's present executive office is located at 4401 Wilshire Blvd., Suite 200,
Los Angeles, California 90010. The assets are located only at the executive
office and at various other off-site locations which may change from time to
time, including the locations of vendors, partners, affiliates and/or clients,
the patent applications and the records related thereto. The offsite locations,
if any, are described in Schedule 4(c) attached hereto;

The Collateral is now and will at all times hereafter be located at Debtor's
places of business, or such other locations as set forth in subsection (c)
above;

Debtor is engaged in business as a provider of Web-based storage solutions.

Debtor does not maintain any deposit accounts other than those set forth in
Schedule 4(f) hereto; and that Debtor is not now indebted to any organization
with which Debtor maintains a deposit account; and

Neither the execution and delivery of this Security Agreement by Debtor nor the
consummation of the transactions herein contemplated nor the fulfillment of the
terms hereof will result in a breach of any of the terms or provisions of, or
constitute a

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default under, or constitute an event which with notice or lapse of time or both
will result in a breach of or constitute a default under, any agreement,
indenture, mortgage, deed of trust, equipment lease, instrument or other
document to which Debtor is a party, or conflict with any law, order, rule or
regulation applicable to Debtor of any court or any federal or state government,
regulatory body or administrative agency, or any other governmental body having
jurisdiction over Debtor or its properties.

The Debtor is authorized to enter into this transaction by, among other things,
a resolution of the Board of Directors of the Debtor in a meeting duly
authorized under the Bylaws of the Company in accordance with all applicable
laws. Attached in Schedule 4(h) is an opinion of company counsel attesting to
the same, together with a true and accurate copy of the Board Resolution
authorizing the Debtor to enter into the transactions contemplated under the
Note and Security Agreement.

Covenants of Debtor.

Debtor covenants that:

Debtor will defend the Collateral against all claims and demands of all persons
at any time claiming the same or any interest therein except as expressly
provided herein;

Debtor will not move or permit to be moved the Collateral or any portion thereof
to any location other than the location set forth in Section 4(c), or in
Schedule 4(c), above without the prior written consent of Secured Party;

Debtor will not establish any place of business other than as set forth in
Section 4 (c) above, or voluntarily or involuntarily change its name, identity
or corporate structure, without in any such case the prior written consent of
Secured Party;

Debtor will not establish or create any deposit accounts other than as set forth
in Schedule 4 (a) without the prior written consent of Secured Party; and Debtor
will not hereafter incur any indebtedness to any organization listed in said
Schedule 4 (f);

Debtor will, promptly upon request by Secured Party, procure or execute and
deliver any document (including, without limitation, mortgagee waivers or
landlord disclaimers or subordination agreements with respect to any and all
equipment or fixtures which are a part of the Collateral), give any notices,
execute and file any financing statements, mortgages or other documents, all in
form and substance satisfactory to Secured Party, mark any chattel paper,
deliver any chattel paper or instruments to Secured Party and take any other
actions which are necessary or, in the judgment of Secured Party, desirable to
perfect or continue the perfection and first priority of Secured Party's
security interest in the Collateral, to protect the Collateral against the
rights, claims, or interests of third persons or to effect the purposes of this
Security Agreement, and will pay all costs incurred in connection therewith;

Debtor will not, without the prior written consent of Secured Party, in any way
hypothecate or create or permit to exist any lien, security interest or
encumbrance on

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or other interest in the Collateral except that created by this Security
Agreement, nor will Debtor sell, transfer, assign, exchange or otherwise dispose
of the Collateral, except that Debtor may, in the ordinary course of Debtor's
business, sell for full and adequate consideration that part of the Collateral
described as Inventory in Section 2 above. If the proceeds of any such sale are
notes, instruments or chattel paper, such proceeds shall be promptly delivered
to Secured Party to be held as Collateral hereunder. If the Collateral, or any
part thereof, is sold, transferred, assigned, exchanged, or otherwise disposed
of in violation of these provisions, the security interest of Secured Party
shall continue in such Collateral or part thereof notwithstanding such sale,
transfer, assignment, exchange or other disposition, and Debtor will hold the
proceeds thereof in a separate account for Secured Party's benefit. Debtor will,
at Secured Party's request, transfer such proceeds to Secured Party in kind;

Debtor will not enter into, modify or amend any existing or future contracts or
agreements relating to the sale or disposition of the Collateral or any part
thereof without the prior written consent of Secured Party. Upon request of
Secured Party, Debtor will provide Secured Party with copies of all existing and
hereafter created contracts and agreements and of all amendments and
modifications thereto;

Debtor will pay and discharge all taxes, assessments and governmental charges or
levies against the Collateral prior to delinquency thereof and will keep the
Collateral free of all unpaid charges whatsoever;

Debtor will keep and maintain the Collateral in good condition and repair.
Debtor will not misuse or abuse the Collateral, or waste or allow it to
deteriorate except for the ordinary wear and tear of its normal and expected use
in Debtor's business, and will comply with all laws, statutes and regulations
pertaining to the use or ownership of the Collateral;

Debtor will give preliminary notices of lien and take all other actions
necessary to create or preserve any liens available to secure payments due
Debtor under any contracts or other agreements with third parties, will not
voluntarily permit any such payments to become more than thirty (30) days
delinquent and will in a timely manner record and assign to Secured Party, to
the extent and at the earliest time permitted by law, any such liens. Debtor
will give Secured Party written notice of any payments due Debtor within five
(5) days after any such payments become thirty (30) days delinquent;

Debtor will cause the Collateral to be kept insured at its own expense under one
or more policies with such companies, in such amounts, and against such risks
and liabilities as are satisfactory to Secured Party. Such policies shall
include a mortgagee's loss payable endorsement or such other mortgagee indemnity
clause as Secured Party shall direct, and/or shall name Secured Party as a
co-insured, at Secured Party's sole option. No such policy shall be subject to
reduction or cancellation without thirty (30) days' prior written notice to
Secured Party;

Debtor will upon Secured Party's request deliver to Secured Party records and
schedules which show the status, condition and location of the Collateral; will

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promptly notify Secured Party in writing of any event, or change of law,
regulation, business practice, or business condition which may adversely affect
the value of the Collateral; and will provide Secured Party with current
financial information concerning Debtor's business on a monthly, quarterly and
audited fiscal year-end basis, with detail satisfactory to Secured Party and
which shall be prepared in accordance with generally accepted accounting
principles consistently applied. To the extent that Debtor has not yet completed
a full audit, Secured Party will accept unaudited statements until such audit
can be completed. Secured Party shall have the right to review and verify such
records, schedules, notices, and financial information, and Debtor will
reimburse Secured Party for all costs incurred thereby;

Secured Party, its nominee or agent, may at any time and at Debtor's sole cost
and expense (i) notify, or require Debtor to notify, account debtors obligated
on any or all of Debtor's accounts or on any other part of the Collateral to
make payment directly to Secured Party, or jointly to Secured Party and Debtor,
and (ii) take, or require Debtor to take, all necessary steps to collect the
same. Secured Party may at any time take possession of all proceeds of any
Collateral in Debtor's possession, and may at any time require Debtor to
segregate all collections and proceeds of Collateral so that they are capable of
identification;

Secured Party shall have at all times, with or without notice, the right to
enter into and upon any premises where any of the Collateral or records with
respect thereto are located for the purpose of inspecting the same, making
copies of records, observing the use of any part of the Collateral, or otherwise
protecting its security interest in the Collateral; and

Debtor shall promptly provide Secured Party with written notice of any defaults
(whether monetary or non-monetary) under any of the License Agreements; and

Secured Party shall have the right at any time to make any payments and do any
other acts Secured Party may deem necessary to protect its security interest in
the Collateral, including, without limitation, the right (but not the
obligation) to cure any defaults under any License Agreement, the rights to pay,
purchase, contest or compromise any encumbrance, charge or lien which in the
judgment of Secured Party appears to be prior to or superior to the security
interest granted hereunder, and appear in and defend any action or proceeding
purporting to affect its security interest in and/or the value of the
Collateral, and in exercising any such powers or authority, the right to pay all
expenses incurred in connection therewith, including attorneys' fees. Debtor
hereby agrees to reimburse Secured Party for all payments made and expenses
incurred, which amounts shall be secured under this Security Agreement, and
agrees it shall be bound by any payment made or act taken by Secured Party
hereunder. Secured Party shall have no obligation to make any of the foregoing
payments or perform any of the foregoing acts.

it will comply with the procedures set out in Section 3.7 above.

Defaults; Events of Default; Remedies

6.1   Defaults. The occurrence of any one or more of the following events or
conditions shall constitute a default under this Security Agreement:

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Debtor fails to pay any indebtedness, perform any obligation or covenant
required to be performed by it, or discharge any liability to Secured Party in
accordance with the terms upon which such indebtedness, obligation, covenant or
liability was incurred or created, or otherwise defaults under any agreement to
which Secured Party and Debtor are parties including, without limitation, the
occurrence of a Default or Event of Default (as said terms are defined in the
relevant documents or agreements) under the LEA (as that term is defined below),
and/or the Loan Documents;

Debtor makes or has made or furnishes or has furnished any warranty,
representation or statement to Secured Party in connection with this Security
Agreement, or any other agreement to which it and Secured Party are parties,
which is or was false or misleading in any material respect when made or
furnished;

The Collateral, or any substantial portion thereof, is lost, stolen,
confiscated, impaired of value, destroyed, or damaged, due to causes not fully
insured against;

Any lien (other than for property taxes which are not delinquent) or encumbrance
other than that created by this Security Agreement is placed on or any levy is
made on the Collateral or any portion thereof, or the Collateral or any portion
thereof is seized or attached pursuant to legal process, unless such lien,
encumbrance, levy, seizure or attachment is removed or released within thirty
(30) days from the time such lien or encumbrance was placed thereon or such
levy, seizure or attachment was effected, but in any event not later than five
(5) days prior to any date for sale of such property;

Any substantial portion of the assets of Debtor is transferred, or any material
obligation is incurred by Debtor, unless such transfer or obligation is incurred
in good faith for fair equivalent consideration;

Debtor becomes insolvent as defined in the Federal Secured Bankruptcy Code,
admits in writing its insolvency or its present or prospective inability to pay
its debts as they become due, is unable to or does not pay all or any material
portion (in number or dollar amount) of its debts as they become due, permits or
suffers a judgment to exist against it (unless enforcement thereof is stayed
pending appeal), makes or proposes an assignment for the benefit of creditor,
convenes or proposes to convene a meeting of its creditors, or any class
thereof, for purposes of effecting a moratorium upon or extension or composition
of its debts, proposes any such moratorium, extension or composition, or
commences or proposes to commence any Secured Party, reorganization or
insolvency proceeding, or other proceeding under any federal, state or other law
for the relief of debtors;

Debtor fails to obtain the dismissal, within thirty (30) days after the
commencement thereof, of any Secured Party, reorganization or insolvency
proceeding, or other proceeding under any law for the relief of debtors,
instituted against it by one or more third parties, fails actively to oppose any
such proceeding, or, in any such proceeding, defaults or files an answer
admitting the material allegations upon which the proceeding was based or
alleges its willingness to have an order for relief entered or its desire to
seek liquidation, reorganization or adjustment of any of its debts;

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Any receiver, trustee or custodian is appointed to take possession of all or any
substantial portion of the assets of Debtor, or any committee of the Debtor's
creditors, or any class thereof, is formed for the purpose of monitoring or
investigating the financial affairs of Debtor or enforcing such creditors'
rights;

Debtor ceases to conduct its business as the same is now conducted in the
ordinary course of its business; or

Secured Party shall reasonably deem itself insecure with respect to the payment
or performance by Debtor of any indebtedness, obligation, covenant or liability
of Debtor to Secured Party; or

Debtor fails to provide the ACCOUNTING on a timely basis as provided for in
Section 3.7(b) above; or

Debtor fails to pay the billings of the CPA within 30 days as described in
Section 3.7(c) above.

Debtor terminates, cancels, attempts to modify, or abrogates that certain
employment agreement by and between Robert H. Lorsch and the Debtor, as that
agreement may be amended ("LEA"), whether with or without cause.

A default under the LEA shall be a default under this Agreement, and vice versa.

A default under the Note (including but not limited to provisions relating to
payment of interest, payment of credit card, or other, advances, or Loan
Availability Fees, or the rendering of any Accountings as that term is used in
the Note or this Security Agreement) shall be a default under this Security
Agreement, and vice versa.

a change in ownership or control of Borrower in an amount equal to or greater
than 1/3 of outstanding voting stock (other than pursuant to sales on a public
traded exchange in the regular course of trading);

a transfer of at least 1/3 of the assets of Borrower;

a change in the composition of Borrower's Board of Directors, Officers and/or
senior management; or

if at any time after October 1, 2007, the Borrower cannot demonstrate that it
has at least $100,000 in cash including availability under this Reserve Line of
Credit or such other amount as necessary to maintain operations through the
subsequent thirty (30) days.

6.2   Event of Default. If a default is not cured within seven calendar days of
the giving of notice to the addresses set forth in Paragraph 7.1 below, then an
Event of Default shall be deemed to have occurred, and the Secured Party shall
have the right to exercise any of the Remedies set forth in Paragraph 6.3
hereunder.

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6.3   Remedies. Upon the occurrence of a default hereunder, Secured Party may,
at its option, without notice to or demand upon Debtor, do any one or more of
the following.

Declare all advances (including the Unpaid Balance as that term is used in the
Note) made by Secured Party to Debtor hereunder and all other indebtedness of
Debtor to Secured Party (including, without limitation, under the Note) to be
immediately due and payable, whereupon all unpaid principal and interest on said
advances and other indebtedness shall become and be immediately due and payable.
In computing the Unpaid Balance, or any sum immediately due and payable, any and
all amounts advance to or for the benefit of the Debtor shall be added to the
full value guaranteed by the Secured Party, whether or not any payment is then
due to be paid under any guarantee;

Exercise any or all of the rights and remedies provided for by the applicable
Uniform Commercial Code, specifically including, without limitation, the right
to recover the attorneys' fees and other expenses incurred by Secured Party in
the enforcement of this Security Agreement or in connection with Debtor's
redemption of the Collateral;

Require Debtor to assemble the Collateral or any part thereof and make it
available at one or more places as Secured Party may designate, and to deliver
possession of the Collateral or any part thereof to Secured Party, who shall
have full right to enter upon any or all of Debtor's premises and property to
exercise Secured Party's rights hereunder.

Use, manage, operate and control the Collateral and Debtor's business and
property to preserve the Collateral or its value, including, without limitation,
the rights to take possession of all of Debtor's premises and property, to
exclude Debtor and any third parties, whether or not claiming under Debtor, from
such premises and property, to make repairs, replacements, alterations,
additions and improvements to the Collateral and to dispose of all or any
portion of the Collateral in the ordinary course of Debtor's business;

Use, in connection with any assembly, use or disposition of the Collateral, any
trademark, trade name, trade style, copyright, patent or technical knowledge or
process used or utilized by Debtor;

Enforce one or more remedies hereunder, successively or concurrently, and such
action shall not operate to estop or prevent Secured Party from pursuing any
other or further remedy which it may have, and any repossession or retaking or
sale of the Collateral pursuant to the terms hereof shall not operate to release
Debtor until full and final payment of any deficiency has been made in cash.
Debtor shall reimburse Secured Party upon demand for, or Secured Party may apply
any proceeds of Collateral to, the costs and expenses (including attorneys'
fees, transfer taxes and any other charges) incurred by Secured Party in
connection with any sale, disposition or retention of any Collateral hereunder;

In connection with any public or private sale under the applicable Uniform
Commercial Code, Secured Party shall give Debtor at least twenty-one (21) days'
prior written notice of the time and place of any public sale of the Collateral
or of the time after which any private sale or other intended disposition
thereof is to be made, which shall be deemed to be reasonable notice of such
sale or other disposition. Such notice may be mailed to

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Debtor at the address set forth in section 7.1 of this Security Agreement.
Further, in the event of any public sale hereunder, Secured Party shall exhibit
the Collateral for a reasonable period of time not later than the day before
such sale is to take place, and, if practicable, shall exhibit the Collateral at
the time and place of such sale; provided, however, that Secured Party shall
have no obligation to exhibit any part of the Collateral at or prior to the sale
thereof, if, at the time of default, such Collateral is in Debtor's possession
or under its control, and if Secured Party sends Debtor a written demand for
possession thereof under section 6.2(c) hereof and Debtor fails to comply with
such demand at least three (3) days prior to the date set for sale of such
Collateral;

Proceed by an action or actions at law or in equity to recover the indebtedness
secured hereunder or to foreclose this Security Agreement and sell the
Collateral, or any portion thereof, pursuant to a judgment or decree to a court
or courts of competent jurisdiction; and

In the event Secured Party recovers possession of all or any part of the
Collateral pursuant to a writ of possession or other judicial process, whether
prejudgment or otherwise, Secured Party may thereafter retain, sell or otherwise
dispose of such Collateral in accordance with this Security Agreement or the
applicable Uniform Commercial Code, and following such retention, sale or other
disposition, Secured Party may voluntarily dismiss without prejudice the
judicial action in which such writ of possession or other judicial process was
issued. Debtor hereby consents to the voluntary dismissal by Secured Party of
such judicial action, and Debtor further consents to the exoneration of any bond
which Secured Party filed in such action.

Miscellaneous Provisions

7.1   Notices. Notices, requests and other communications hereunder shall be in
writing and shall be delivered by both a form of mail requiring a return
receipt, and sent by email, to the parties addressed as follows:

To Debtor:

MyMedicalRecords.com, Inc.
MMRGlobal, Inc.
4401 Wilshire Blvd. , Suite 200
Los Angeles, California 90010
Email Address: isafranek@mmrmail.com

 

To Secured Party:

The RHL Group, Inc.
P.O. Box 17034
Beverly Hills, California 90210
Email address: rhl@rhlgroup.com

 

With a copy to:

Robert M. Yaspan, Esq.
21700 Oxnard Street, Suite 1750
Woodland Hills, California 91367
Email address: ryaspan@yaspanlaw.com

 

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Such notices, requests and other communications sent as provided hereinabove
shall be effective when received by the addressee thereof. However, the
effective date shall be the date of the sending of the Email and the mail notice
shall be viewed as a "confirmation" of the email that does not extend the date
of the receipt of the notice. The parties hereto may change their addresses by
giving notice thereof to the other parties hereto in conformity with this
section.

7.2   Headings. The various headings in this Security Agreement are inserted for
convenience only and shall not affect the meaning or interpretation of this
Security Agreement or any provision hereof.

7.3   Governing Law. This Security Agreement shall be construed in accordance
with and all disputes hereunder shall be governed by the laws of the State of
California, applicable to contracts made and to be performed entirely in that
state, without regard to the principles thereof regarding conflict of laws.

7.4   Amendments. This Security Agreement or any provision hereof may be
changed, waived, or terminated only by a statement in writing signed by the
party against which such change, waiver or termination is sought to be enforced.

7.5   No Waiver. No delay in enforcing or failure to enforce any right under
this Security Agreement by Secured Party shall constitute a waiver by Secured
Party of such right. No waiver by Secured Party of any default hereunder shall
be effective unless in writing, nor shall any waiver operate as a waiver of any
other default or of the same default on a future occasion.

7.6   Time of the Essence. Time is of the essence of each provision of this
Security Agreement of which time is an element.

7.7   Binding Agreement. All rights of Secured Party hereunder shall inure to
the benefit of its successors and assigns. Debtor shall not assign any of its
interest under this Security Agreement without the prior written consent of
Secured Party. Any purported assignment inconsistent with this provision shall,
at the option of Secured Party, be null and void.

7.8   Definitions. All terms not defined herein shall have the meaning set forth
in the applicable Uniform Commercial Code, except where the context otherwise
requires.

7.9   Entire Agreement. This Security Agreement, together with any other
agreement executed in connection herewith, is intended by the parties as a final
expression of their agreement and is intended as a complete and exclusive
statement of the terms and conditions thereof. Acceptance of or acquiescence in
a course of performance rendered under this Security Agreement shall not be
relevant to determine the meaning of this Security Agreement even though the
accepting or acquiescing party had knowledge of the nature of the performance
and opportunity for objection.

7.10   Attorneys Fees. In an action or proceeding brought to enforce any
provision of this Security Agreement, or to seek damages for a breach of any
provision hereof, or where any

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provision hereof is validly asserted as a defense, the successful party shall be
entitled to recover reasonable attorneys' fees in addition to any other
available remedy..

7.11   Severability. If any provision of this Security Agreement should be found
to be invalid or unenforceable, all of the other provisions shall nonetheless
remain in full force and effect to the maximum extent permitted by law.

7.12   Survival of Provisions. All representations, warranties and covenants of
Debtor contained herein shall survive the execution and delivery of this
Security Agreement, and shall terminate only upon the full and final payment and
performance by Debtor of its indebtedness and obligations secured hereunder.

7.13   Setoff. Secured Party shall have the right, at any time, to set off any
indebtedness or obligation of Secured Party, without notice to or demand upon
Debtor and whether or not any such indebtedness or obligations are liquidated or
mature at the time of such offset. Secured Party's right of offset hereunder
shall be in addition to and not in limitation of any other rights or remedies
which may exist in favor of Secured Party.

7.14   Authority of the Secured Party. Secured Party shall have and be entitled
to exercise all powers hereunder which are specifically delegated to Secured
Party by the terms hereof, together with such powers as are reasonably incident
thereto. Secured Party may perform any of its duties hereunder or in connection
with the Collateral by or through agents or employees and shall be entitled to
retain counsel and to act in reliance upon the advice of counsel concerning all
such matters. Neither Secured Party nor any director, officer, employee,
attorney or agent of Secured Party shall be liable to Debtor for any action
taken or omitted to be taken by it or them hereunder, except for its or their
own gross negligence or willful misconduct; nor shall Secured Party be
responsible for the validity, effectiveness or sufficiency hereof or of any
document or security furnished pursuant hereto. Secured Party and they shall be
entitled to rely on any communication, instrument or document believed by it or
them to be genuine and correct and to have been signed or sent by the proper
person or persons. Debtor agrees to indemnify and hold harmless Secured Party
and/or any such other person from and against any and all costs, expenses
(including attorneys' fees), claims or liability incurred by Secured Party or
such person hereunder, unless such claim or liability shall be due to willful
misconduct or gross negligence on the part of Secured Party or such person.

7.15   Statute of Limitations. Debtor hereby waives the right to plead any
statute of limitations as a defense to any indebtedness or obligation hereunder
or secured hereunder to the full extent permitted by law.

7.16   Counterparts. This Security Agreement may be executed in one or more
counterparts, each of which shall be deemed an original but all of which shall
together constitute one and the same agreement.

7.17   Termination of Agreement. This Security Agreement shall terminate upon
full, final and indefeasible payment and performance of all indebtedness and
obligations secured hereunder. At such time, Secured Party shall reassign and
redeliver to Debtor all of the Collateral hereunder which has not been sold,
disposed of, retained or applied by Secured Party

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in accordance with the terms hereof. Such reassignment and redelivery shall be
without warranty by or recourse to Secured Party, and shall be at the expense of
Debtor.

IN WITNESS WHEREOF, the parties hereto have caused this Security Agreement to be
duly executed the day and year first above written.

"Borrower"

[SIGNATURE PAGES FOLLOW]

 

 

 

 

 

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MyMedicalRecords, Inc., a Delaware corporation ("Subsidiary")

Name: _________________________________

Title: _______________________________

Signature: _____________________________

Date: _____________________________

STATE OF CALIFORNIA )
                                          ) SS
COUNTY OF ______________)

On ___________, 2012　, before me, _________________________________, personally
appeared _____________________________________ personally known to me (or proved
to me on the basis of satisfactory evidence) to be the person whose name is
subscribed to the within instrument and acknowledged to me that he executed the
same in his authorized capacity, and that by his signature on the instrument the
person, or the entity upon behalf of which the person acted, executed the
instrument.

WITNESS my hand and official seal.

Signature ________________________________ (Seal)
                          Notary Public

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MMRGlobal, Inc., a Delaware corporation ("Parent")

Name: _________________________________

Title: _______________________________

Signature: _____________________________

Date: _____________________________

STATE OF CALIFORNIA )
                                          ) SS
COUNTY OF ______________)

On ___________, 2012　, before me, _________________________________, personally
appeared _____________________________________ personally known to me (or proved
to me on the basis of satisfactory evidence) to be the person whose name is
subscribed to the within instrument and acknowledged to me that he executed the
same in his authorized capacity, and that by his signature on the instrument the
person, or the entity upon behalf of which the person acted, executed the
instrument.

WITNESS my hand and official seal.

Signature ________________________________ (Seal)
                          Notary Public

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The RHL Group, Inc., a California corporation ("Lender")

Name: _________________________________

Title: _______________________________

Signature: _____________________________

Date: _____________________________

STATE OF CALIFORNIA )
                                          ) SS
COUNTY OF ______________)

On ___________, 2012　, before me, _________________________________, personally
appeared _____________________________________ personally known to me (or proved
to me on the basis of satisfactory evidence) to be the person whose name is
subscribed to the within instrument and acknowledged to me that he executed the
same in his authorized capacity, and that by his signature on the instrument the
person, or the entity upon behalf of which the person acted, executed the
instrument.

WITNESS my hand and official seal.

Signature ________________________________ (Seal)
                          Notary Public

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