Exhibit 10.04

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BEACON ENTERPRISE SOLUTIONS GROUP INC
124 N 1ST STREET
FIRST SAVINGS BANK, F.S.B.
501 EAST LEWIS & CLARK PARKWAY,
CLARK COUNTY
    LOUISVILLE KY 40202 CLARKSVILLE, IN 47129 Line of Credit No. 0379000032    
Date 08-29-2008 BORROWER'S NAME AND ADDRESS LENDER'S NAME AND ADDRESS Max.
Credit Amt. 100,000.00 “I” includes each borrower above,
jointly and severally. “You” means the lender, its successors
and assigns. Loan Ref. No. 0379000032

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You have extended to me a line of credit in the
AMOUNT of ONE HUNDRED THOUSAND AND N0/100   $100,000.00.

You will make loans to me from time to time until 12:00 A.m. on 09292009.
Although the line of credit expires on that date, I will remain obligated to
perform all my duties under this agreement so long as I owe you any money
advanced according to the terms of this agreement, as evidenced by any note or
notes I have signed promising to repay these amounts. This line of credit is an
agreement between you and me. It is not intended that any third party receive
any benefit from this agreement, whether by direct payment, reliance for future
payment or in any other manner. This agreement is not a letter of credit.

1.   AMOUNT: This line of credit is:

  |X|   OBLIGATORY: You may not refuse to make a loan to me under this line of
credit unless one of the following occurs:

  a.   I have borrowed the maximum amount available to me;

  b.   This line of credit has expired;

  c.   I have defaulted on the note (or notes) which show my indebtedness under
this line of credit;

  d.   I have violated any term of this line of credit or any note or other
agreement entered into in connection with this line of credit;

  e.  
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________.

  |_|   DISCRETIONARY: You may refuse to make a loan to me under this line of
credit once the aggregate outstanding advances equal or exceed
____________________________________________ $ __________________________.

Subject to the obligatory or discretionary limitations above, this line of
credit is:

  |X|   OPEN-END (Business or Agricultural only): I may borrow up to the maximum
amount of principal more than one time.

  |_|   CLOSED-END: I may borrow up to the maximum only one time.

2.   PROMISSORY NOTE: I will repay any advances made according to this line of
credit agreement as set out in the promissory note, I signed on 08-29-2008, or
any note(s) I sign at a later time which represent advances under this
agreement. The note(s) set(s) out the terms relating to maturity, interest rate,
repayment and advances. If indicated on the promissory note, the advances will
be made as follows: A SIGNED AUTHORIZATION BY BRUCE W. WIDENER OR ROBERT R. MOHR
AND AN AVAILABLE BALANCE.

3.   RELATED DOCUMENTS: I have signed the following documents in connection with
this line of credit and note(s) entered into in accordance with this line of
credit:

|X| security agreement dated 09-29-2008    |X| UCC-1 DATED 08-29-2008 |_|
mortgage dated   |_|   |_| guaranty dated   |_|  

4.   REMEDIES: If I am in default on the note(s) you may:

  a.   take any action as provided in the related documents;

  b.   without notice to me, terminate this line of credit.

       By selecting any of these remedies you do not give up your right to later
use any other remedy. By deciding not to use any remedy should I default, you do
not waive your right to later consider the event a default, if it happens again.

5.   COSTS AND FEES: If you hire an attorney to enforce this agreement I will
pay your reasonable attorney's fees, where permitted by law. I will also pay
your court costs and costs of collection, where permitted by law.

6.   COVENANTS: For as long as this line of credit is in effect or I owe you
money for advances made in accordance with the line of credit, I will do the
following:

  a.   maintain books and records of my operations relating to the need for this
line of credit;

  b.   permit you or any of your representatives to inspect and/or copy these
records;

  c.   provide to you any documentation requested by you which support the
reason for making any advance under this line of credit;

  d.   permit you to make any advance payable to the seller (or seller and me)
of any items being purchased with that advance;

  e.  
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________.

7.   NOTICES: All notices or other correspondence with me should be sent to my
address stated above. The notice or correspondence shall be effective when
deposited in the mail, first class, or delivered to me in person.

8.   MISCELLANEOUS: This line of credit may not be changed except by a written
agreement signed by you and me. The law of the state in which you are located
will govern this agreement. Any term of this agreement which is contrary to
applicable law will not be effective, unless the law permits you and me to agree
to such a variation.

FOR THE LENDER    SIGNATURES: I AGREE TO THE TERMS OF THIS LINE OF CREDIT. I
HAVE RECEIVED A COPY ON TODAY'S DATE.      

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DONALD ALLEN  

BRUCE W. WIDENER, CEO/SECRETARY

Title VICE PRESIDENT    

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    ROBERT R. MOHR, CHIEF ACCOUNTING OFFICER          

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(page 1 of 1)

GUARANTY

      CLARKSVILLE,  INDIANA   (City) (State)

AUGUST 29 2008

        For good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, and to induce FIRST SAVINGS BANK F.S.B. (herein,
with its participants, successors and assigns, called "Lender"), at its option,
at any time or from time to time to make loans or extend other accommodations to
or for the account of BEACON ENTERPRISE SOLUTIONS GROUP INC (herein called
"Borrower") or to engage in any other transactions with Borrower, the
Undersigned hereby absolutely and unconditionally guarantees to Lender the full
and prompt payment when due, whether at maturity or earlier by reason of
acceleration or otherwise, of the debts, liabilities and obligations described
as follows:

  A.   If this |_| is checked, the Undersigned guarantees to Lender the payment
and performance of the debt, liability or obligation of Borrower to Lender
evidenced by or arising out of the following:
______________________________________________________ and any extensions,
renewals or replacements thereof (hereinafter referred to as the
"Indebtedness").

  B.   If this |X| is checked, the Undersigned guarantees to Lender the payment
and performance of each and every debt, liability and obligation of every type
and description which Borrower may now or at any time hereafter owe to Lender
(whether such debt, liability or obligation now exists or is hereafter created
or incurred, and whether it is or may be direct or indirect, due or to become
due, absolute or contingent, primary or secondary, liquidated or unliquidated,
or joint, several, or joint and several; all such debts, liabilities and
obligations being hereinafter collectively referred to as the "Indebtedness").
Without limitation, this guaranty includes the following described debt(s):
______________________________________________________________________

        The Undersigned further acknowledges and agrees with Lender that:

        1. No act or thing need occur to establish the liability of the
Undersigned hereunder, and no act or thing, except full payment and discharge of
all indebtedness, shall in any way exonerate the Undersigned or modify, reduce,
limit or release the liability of the Undersigned hereunder.

        2. This is an absolute, unconditional and continuing guaranty of payment
of the Indebtedness and shall continue to be in force and be binding upon the
Undersigned, whether or not all Indebtedness is paid in full, until this
guaranty is revoked by written notice actually received by the Lender, and such
revocation shall not be effective as to Indebtedness existing or committed for
at the time of actual receipt of such notice by the Lender, or as to any
renewals, extensions and refinancings thereof. If there be more than one
Undersigned, such revocation shall be effective only as to the one so revoking.
The death or incompetence of the Undersigned shall not revoke this guaranty,
except upon actual receipt of written notice thereof by Lender and then only as
to the decedent or the incompetent and only prospectively, as to future
transactions, as herein set forth.

        3. If the Undersigned shall be dissolved, shall die, or shall be or
become insolvent (however defined) or revoke this guaranty, then the Lender
shall have the right to declare immediately due and payable, and the Undersigned
will forthwith pay to the Lender, the full amount of all Indebtedness, whether
due and payable or unmatured. If the Undersigned voluntarily commences or there
is commenced involuntarily against the Undersigned a case under the United
States Bankruptcy Code, the full amount of all Indebtedness, whether due and
payable or unmatured, shall be immediately due and payable without demand or
notice thereof.

        4. The liability of the Undersigned hereunder shall be limited to a
principal amount of $100,000.00 (if unlimited or if no amount is stated, the
Undersigned shall be liable for all Indebtedness, without any limitation as to
amount), plus accrued interest thereon and all other costs, fees, and expenses
agreed to be paid under all agreements evidencing the Indebtedness and securing
the payment of the Indebtedness, and all attorneys' fees, collection costs and
enforcement expenses referable thereto. Indebtedness may be created and
continued in any amount, whether or not in excess of such principal amount,
without affecting or impairing the liability of the Undersigned hereunder. The
Lender may apply any sums received by or available to Lender on account of the
Indebtedness from Borrower or any other person (except the Undersigned), from
their properties, out of any collateral security or from any other source to
payment of the excess. Such application of receipts shall not reduce, affect or
impair the liability of the Undersigned hereunder. If the liability of the
Undersigned is limited to a stated amount pursuant to this paragraph 4, any
payment made by the Undersigned under this guaranty shall be effective to reduce
or discharge such liability only if accompanied by a written transmittal
document, received by the Lender, advising the Lender that such payment is made
under this guaranty for such purpose.

        5. The Undersigned will pay or reimburse Lender for all costs and
expenses (including reasonable attorneys' fees and legal expenses) incurred by
Lender in connection with the protection, defense or enforcement of this
guaranty in any litigation or bankruptcy or insolvency proceedings.

This guaranty includes the additional provisions on page 2, all of which are
made a part hereof.

        This guaranty is |X| unsecured; |_| secured by a mortgage or security
agreement dated _________________________; |_| secured by
___________________________________

        IN WITNESS WHEREOF, this guaranty has been duly executed by the
Undersigned the day and year first above written.

 

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  BRUCE W. WIDENER      

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  "Undersigned" shall refer to all persons who sign this guaranty, severally and
Jointly.

(page 1 of 2)

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DEBTOR NAME AND ADDRESS SECURED PARTY NAME AND ADDRESS     BEACON ENTERPRISE
SOLUTIONS GROUP INC
124 N 1ST STREET
LOUISVILLE KY 40202 FIRST SAVINGS BANK, F.S.B.
501 EAST LEWIS & CLARK PARKWAY, CLARK COUNTY
CLARKSVILLE, IN 47129

Type: |_| individual |_| partnership |X| corporation |_| ___________________

State of organization/registration (if applicable) IN

|_| If checked, refer to addendum for additional Debtors and signatures.

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COMMERCIAL SECURITY AGREEMENT

The date of this Commercial Security Agreement (Agreement) is 08-29-2008

SECURED DEBTS. This Agreement will secure all sums advanced by Secured Party
under the terms of this Agreement and the payment and performance of the
following described Secured Debts that (check one) |X| Debtor |_|
__________________________ ________________________________________________
(Borrower) owes to Secured Party:

  |_|   Specific Debts. The following debts and all extensions, renewals,
refinancings, modifications, and replacements (describe):

  |X|   All Debts. All present and future debts, even if this Agreement is not
referenced, the debts are also secured by other collateral, or the future debt
is unrelated to or of a different type than the current debt. Nothing in this
Agreement is a commitment to make future loans or advances.

SECURITY INTEREST. To secure the payment and performance of the Secured Debts,
Debtor gives Secured Party a security interest in all of the Property described
in this Agreement that Debtor owns or has sufficient rights in which to transfer
an interest, now or in the future, wherever the Property is or will be located,
and all proceeds and products of the Property. "Property" includes all parts,
accessories, repairs, replacements, improvements, and accessions to the
Property; any original evidence of title or ownership; and all obligations that
support the payment or performance of the Property. "Proceeds" includes anything
acquired upon the sale, lease, license, exchange, or other disposition of the
Property; any rights and claims arising from the Property; and any collections
and distributions on account of the Property. This Agreement remains in effect
until terminated in writing, even if the Secured Debts are paid and Secured
Party is no longer obligated to advance funds to Debtor or Borrower.

PROPERTY DESCRIPTION. The Property is described as follows:

  |X|   Accounts and Other Rights to Payment: All rights to payment, whether or
not earned by performance, including, but not limited to, payment for property
or services sold, leased, rented, licensed, or assigned. This includes any
rights and interests (including all liens) which Debtor may have by law or
agreement against any account debtor or obligor of Debtor.

  |X|   Inventory: All inventory held for ultimate sale or lease, or which has
been or will be supplied under contracts of service, or which are raw materials,
work in process, or materials used or consumed in Debtor's business.

  |X|   Equipment: All equipment including, but not limited to, machinery,
vehicles, furniture, fixtures, manufacturing equipment, farm machinery and
equipment, shop equipment, office and record keeping equipment, parts, and
tools. The Property includes any equipment described in a list or schedule
Debtor gives to Secured Party, but such a list is not necessary to create a
valid security interest in all of Debtor's equipment.

  |_|   Instruments and Chattel Paper: All instruments, including negotiable
instruments and promissory notes and any other writings or records that evidence
the right to payment of a monetary obligation, and tangible and electronic
chattel paper.

  |X|   General Intangibles: All general intangibles including, but not limited
to, tax refunds, patents and applications for patents, copyrights, trademarks,
trade secrets, goodwill, trade names, customer lists, permits and franchises,
payment intangibles, computer programs and all supporting information provided
in connection with a transaction relating to computer programs, and the right to
use Debtor's name.

  |_|   Documents: All documents of title including, but not limited to, bills
of lading, dock warrants and receipts, and warehouse receipts.

  |_|   Farm Products and Supplies: All farm products including, but not limited
to, all poultry and livestock and their young, along with their produce,
products, and replacements; all crops, annual or perennial, and all products of
the crops; and all feed, seed, fertilizer, medicines, and other supplies used or
produced in Debtor's farming operations.

  |_|   Government Payments and Programs: All payments, accounts, general
intangibles, and benefits including, but not limited to, payments in kind,
deficiency payments, letters of entitlement, warehouse receipts, storage
payments, emergency assistance and diversion payments, production flexibility
contracts, and conservation reserve payments under any preexisting, current, or
future federal or state government program.

  |_|   Investment Property: All investment property including, but not limited
to, certificated securities, uncertificated securities, securities entitlements,
securities accounts, commodity contracts, commodity accounts, and financial
assets.

  |_|   Deposit Accounts: All deposit accounts including, but not limited to,
demand, time, savings, passbook, and similar accounts.

  |_|   Specific Property Description: The Property includes, but is not limited
by, the following (if required, provide real estate description);

USE OF PROPERTY. The Property will be used for |_| personal |X| business |_|
agricultural |_|__________________ purposes.

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SIGNATURES. Debtor agrees to the terms on pages 1 and 2 of this Agreement and
acknowledges receipt of a copy of this Agreement.

DEBTOR    SECURED PARTY BEACON ENTERPRISE SOLUTIONS GROUP INC
  FIRST SAVINGS BANK, F.S.B.      

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BRUCE W. WIDENER
CEO/SECRETARY   DONALD ALLEN
VICE PRESIDENT      

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ROBERT R. MOHR
CHIEF ACCOUNTING OFFICER

   

(page 1 of 2)

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BEACON ENTERPRISE SOLUTIONS GROUP INC FIRST SAVINGS BANK, F.S.B.     124 N 1ST
STREET
501 EAST LEWIS & CLARK PARKWAY,
CLARK COUNTY
Loan No. 0379000032 LOUISVILLE KY 40202 CLARKSVILLE, IN 47129 Date 08-29-2008  
  Maturity Date 09-29-2008 BORROWER'S NAME AND ADDRESS LENDER'S NAME AND ADDRESS
Loan Amount $100,000.00 “I” includes each borrower above,
jointly and severally. “You” means the lender, its successors
and assigns. Renewal Of _________

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For value received, I promise to pay to you, or your order, at your address
listed above the PRINCIPAL sum of ONE HUNDRED THOUSAND AND NO/100 Dollars
$100,000.00

|_|   Single Advance: I will receive all of this principal sum on
___________________. No additional advances are contemplated under this note.

|X|   Multiple Advance: The principal sum shown above is the maximum amount of
principal I can borrow under this note. On 08-29-2008 I will receive the amount
of $_______________________ and future principal advances are contemplated.

  Conditions: The conditions for future advances are A SIGNED AUTHORIZATION BY
BRUCE W. WIDENER OR ROBERT R. MOHR AND AN AVAILABLE BALANCE

 

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  |X|   Open End Credit: You and I agree that I may borrow up to the maximum
amount of principal more than one time. This feature is subject to all other
conditions and expires on 09292009

  |_|   Closed End Credit: You and I agree that I may borrow up to the maximum
only one time (and subject to all other conditions).

INTEREST: I agree to pay interest on the outstanding principal balance from
08-29-2008 at the rate of 5.000% per year until 08-30-2008

|X|   Variable Rate: This rate may then change as stated below.

  |_|   Index Rate: The future rate will be EQUAL TO the following index rate:
THE BASE RATE ON CORPORATE LOANS POSTED BY AT LEAST 75% OF THE 30 LARGEST U.S.
BANKS KNOWN AS THE WALL STREET JOURNAL U.S. PRIME RATE.

  |_|    No Index: The future rate will not be subject to any internal or
external index. It will be entirely in your control.

  |X|   Frequency and Timing: The rate on this note may change as often as EVERY
DAY BEGINNING 08-30-2008

  A change in the interest rate will take effect ON THE FOLLOWING DAY

  |X|   Limitations: During the term of this loan, the applicable annual
interest rate will not be more than 21.000%, or less than 5.000%. The rate may
not change more than _______________% each ____________________________.

  Effect of Variable Rate: A change in the interest rate will have the following
effect on the payments:

|_| The amount of each scheduled payment will change. |X| The amount of the
final payment will change.  

|_|
__________________________________________________________________________________________________

ACCRUAL METHOD: Interest will be calculated on a ACTUAL/365 basis.

POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note
owing after maturity, and until paid in full, as stated below:

  |X|   on the same fixed or variable rate basis in effect before maturity (as
indicated above).

  |_|   at a rate equal to _________________________________

|X|   LATE CHARGE: If a payment is made more than 10 days after it is due, I
agree to pay a late charge of 5.000% OF THE PAYMENT AMOUNT WITH A MIN OF $17.50.

|_|   ADDITIONAL CHARGES: In addition to interest, I agree to pay the following
charges which |_| are |_| are not included in the principal amount above:
_____________________________

PAYMENTS: I agree to pay this note as follows: INTEREST ON THE AMOUNT OF CREDIT
OUTSTANDING DUE AT MATURITY AND PRINCIPAL DUE ON 09-29-2008.

|_|   Unpaid Interest: Any accrued interest not paid when due (whether due by
reason of a schedule of payments or due because of Lender's demand) will become
part of the principal thereafter, and will bear interest at the interest rate in
effect from time to time as provided for in this agreement.

ADDITIONAL TERMS: LENDER MAY IMPOSE A NON-SUFFICIENT FUNDS FEE FOR ANY CHECK
THAT IS PRESENTED FOR PAYMENT THAT IS RETURNED FOR ANY REASON. SUCH FEE SHALL BE
IN THE AMOUNT OF $20.00

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|X|   SECURITY: This note is separately secured by (describe separate document
by type and date): UCC DATED 08-29-2008

(This section is for your internal use. Failure to list a separate security
document does not mean the agreement will not secure this note.)

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      PURPOSE: The purpose of this loan is CASH FLOW.          

SIGNATURES: I AGREE TO THE TEAMS OF THIS NOTE (INCLUDING THOSE ON PAGE 2). I
have received a copy on today's date.

          BEACON ENTERPRISE SOLUTIONS GROUP INC Signature for Lender        

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    BRUCE W. WIDENER, CEO/SECRETARY          

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    ROBERT R. MOHR, CHIEF ACCOUNTING OFFICER            

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DONALD ALLEN, VICE PRESIDENT          

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UNIVERSAL NOTE

(page 1 of 2)