Document:

EXHIBIT
10.2

SECURITY AGREEMENT

SECURITY AGREEMENT, dated as of
December  14,  2006, made by TAG ENTERTAINMENT CORP. (the
‘‘Parent Borrower’’) located
at 1333 Second Street. Suite 240, Santa Monica, CA 90401 (the
‘‘Parent Office’’) and TAG
ENTERTAINMENT USA (the ‘‘Subsidiary
Borrower’’, and together with the Parent
Borrower, the ‘‘Borrowers’’,
each a ‘‘Borrower’’) located
at 1333 Second Street, Suite 240, Santa Monica, CA 90401 (the
‘‘Subsidiary Office’’) and
to
                                                        (the
‘‘Secured Party’’) having an
address at
                                                                        .

RECITALS

A.
The Secured Party has agreed to make a term loan to the Borrowers (the
‘‘Loan’’).

B. To
evidence the Loan, each Borrower has executed and delivered in favor of
the Secured Party that certain promissory note (the
‘‘Note’’) of even date
herewith.

C. The execution and delivery of this Agreement by each
Borrower is a condition precedent to the Secured Party’s
obligations under the Note.

THEREFORE, in consideration of the
premises and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, each Borrower hereby
agrees with the Secured Party, as follows:

1. Defined
Terms.    As used in this Agreement terms defined in the Note
shall have their defined meanings when used herein and the following
terms shall have the following
meanings:

‘‘Agreement’’
means this Agreement, as the same, from time to time, may be amended,
restated, replaced, extended, supplemented or otherwise
modified.

‘‘Accounts’’
means all ‘‘accounts’’ as defined in
Article 9 of the UCC.

‘‘Business
Day’’ means any day except Saturday, Sunday and any day
that is a federal legal holiday or a day on which banking institutions
in the State of New York or State of California are authorized or
required by law or other governmental action to
close.

‘‘Collateral’’
has the meaning assigned to such term in Section 2.

‘‘GAAP’’
means U.S. generally accepted accounting
principles.

‘‘Instruments’’
means all ‘‘instruments’’ as defined in
Article 9 of the
UCC.

‘‘Lien’’
means any mortgage, pledge, assignment, hypothecation, security
interest, encumbrance, lien, charge or deposit arrangement or other
arrangement having the practical effect of the foregoing and shall
include the interest of a vendor or lessor under any conditional sale
agreement, capitalized lease or other title retention
agreement.

‘‘Loan
Documents’’ means, collectively, the Note, this
Agreement, and each Control
Agreement.

‘‘Obligations’’
as defined in Section 2 of this
Agreement.

‘‘Permitted
Liens’’ means Liens for taxes, assessments or
governmental charges not delinquent or being contested in good faith
and by appropriate proceedings and for which adequate reserves in
accordance with GAAP are maintained on the books of either Borrower or
any of its subsidiaries, Liens arising out of deposits in connection
with workers’ compensation, unemployment insurance, old age
pensions or other social security or retirement benefits legislation,
deposits or pledges to secure bids, tenders, contracts (other than
contracts for the payment of money), leases, statutory obligations,
surety and appeal bonds, and other obligations of like nature arising
in the ordinary course of business of either Borrower or any of its
subsidiaries, Liens imposed by law, such as mechanics’,
workers’, materialmens’, carriers’ or other

like liens arising in the ordinary course of
business of either Borrower or any of its subsidiaries which secure the
payment of obligations which are not past due or which are being
diligently contested in good faith by appropriate proceedings and for
which adequate reserves in accordance with GAAP are maintained on the
books of either Borrower or any of its subsidiaries, Liens existing on
the date hereof, purchase money security interests or Liens for the
purchase of fixed assets to be used in the business of either Borrower
or any of its subsidiaries, securing solely the fixed assets so
purchased and the proceeds thereof, capitalized leases which do not
violate any provision of the Purchase Agreement, Liens of commercial
depository institutions, arising in the ordinary course of business,
constituting a statutory or common law right of setoff against amounts
on deposit with such institution, rights of way, zoning restrictions,
easements and similar encumbrances affecting either Borrower’s
or any of its subsidiaries’ real property which do not
materially interfere with the use of such property, and Liens arising
in the ordinary course of business that do not materially adversely
Affect either Borrower’s use of its respective assets or
properties..

‘‘Proceeds’’
means all ‘‘proceeds’’ as such term is
defined in Section 9-102(a)(64) of the UCC on the date
hereof.

‘‘Purchase
Agreement’’ means the Purchase Agreement, dated
as of December  14,  2006, among the Parent Borrower, the
Subsidiary Borrower and the Secured Party, as the same may be amended,
supplemented or otherwise modified from time to
time.

‘‘UCC’’
means the Uniform Commercial Code from time to time in effect in the
State of New York.

2. Grant of Security
Interest; Notice of Payment and Payments with respect to
Collateral.

(a) Each Borrower hereby
pledges, assigns, hypothecates, delivers and sets over to the Secured
Party a lien on and security interest in all right, title and interest
in, to and under all Accounts of such Borrower, and all contract rights
and proceeds therefrom with respect to an agreement to be executed
between Gaiam, Inc. and Parent Borrower (or any affiliate of Parent
Borrower) (collectively the ‘‘Collateral’’)
and all books, instruments, certificates, records, ledger cards, files,
correspondence, customer lists and other documents, and all computer
software, computer printouts, tapes, disks and related data processing
software and similar items, in each case that at any time represent,
cover or otherwise evidence, or contain information relating to, any of
the Collateral or are otherwise necessary or helpful in the collection
thereof or realization thereupon, as collateral security for the due
and punctual payment and performance of all obligations and
liabilities, whether direct or indirect, absolute or contingent, due or
to become due, or now existing or hereafter incurred, arising under,
out of or in connection with the Note, this Agreement or any other Loan
Document (each of the foregoing obligations being collectively referred
to as the
‘‘Obligations’’).

(b) Each Borrower will notify Lender, within one
(1) business day of receipt, of any payment in respect of Collateral
which is equal to or greater than $50,000 provided that if Borrowers
receive a payment or payments in respect of Collateral which is, or are
in the aggregate, less than $50,000, Borrowers shall not be required to
provide the notice required by this Section 2, until such time
that the aggregate amount of payments in respect of Collateral is equal
to or greater than $50,000.

(c) Borrowers
shall make payment to Lender of any amounts received in respect of
Collateral which are then due and owing to Lender pursuant to this
Agreement with five (5) Business Days of such funds becoming good clear
funds.

3. Representations and Warranties.    In order
to induce the Secured Party to make the Loan, each Borrower represents
and warrants to the Secured Party as
follows:

(a) Each Borrower is the sole legal,
record and beneficial owner of, and has good and marketable title to,
its respective Collateral, subject to no Lien, except the Lien created
by this Agreement and Permitted Liens.

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(b)    (i) The Parent
Borrower is a corporation duly organized and validly existing under the
laws of the State of Delaware (the ‘‘Parent
Jurisdiction’’) and its principal place of
business and the place where records concerning its respective
Collateral are kept is, and has for the preceding four months been, the
Parent Office. The Parent Borrower’s Federal Employer
Identification Number
is                                .
The Parent Borrower’s exact legal name as it appears on its
certificate of incorporation is as set forth in the preamble to this
Agreement. (ii) The Subsidiary Borrower is a corporation duly organized
and validly existing under the laws of the State of California (the
‘‘Subsidiary Jurisdiction’’)
and its principal place of business and the place where records
concerning its respective Collateral are kept is, and has for the
preceding four months been, the Subsidiary Office. The Subsidiary
Borrower’s Federal Employer Identification Number
is                                        .
The Subsidiary Borrower’s exact legal name as it appears on its
certificate of incorporation is as set forth in the preamble to this
Agreement.

(c)    Each Borrower has the
legal right to execute, deliver and perform this Agreement and to
create a security interest in its respective Collateral pursuant to
this Agreement.

(d)    This Agreement is
effective to create a legal, valid and enforceable perfected Lien on
the Collateral, subject to no prior Lien or to any agreement purporting
to grant to any third party a security interest in the property or
assets of either Borrower which would include the Collateral (other
than Permitted Liens).

(e)    Except as
set forth on Schedule 3(f), no security agreements or any other Lien
instruments have been executed and delivered, and no financing
statements or any other notice of any Lien have been filed in any
jurisdiction, granting or purporting to grant a security interest in or
creating or purporting to create a Lien on the Collateral to any party
other than the Secured Party.

(f)    No
consent, license, approval or authorization of, exemption by, or
registration, filing (other than the filing of the uniform commercial
code financing statements contemplated hereby), or declaration with,
any governmental authority and no consent of any other Person is
required in connection with the execution, delivery or performance of
any Loan Document.

(g)    The execution,
delivery and performance of this Agreement or any other Loan Document
does not conflict with or result in a breach of the terms, conditions
or provisions of, or constitute a default under, or result in a
violation of any provision of any applicable Legal Requirement, or of
any bond, note, indenture, mortgage, deed of trust, contract,
agreement, lease or other undertaking to which either Borrower is a
party or which purports to be binding upon such Borrower and will not
result in the creation or imposition of any Lien, on any of the assets
of such Borrower, except as contemplated by this
Agreement.

(h)    There is no suit, action,
proceeding, arbitration, investigation or inquiry pending or, to the
knowledge of either Borrower, threatened against either Borrower with
respect to this Agreement or any other Transaction Document or the
transactions contemplated by this Agreement or which, if adversely
determined, would either impair such Borrower’s ability to
consummate the transactions contemplated hereby or materially adversely
impact such Borrower.

(i)    Neither
Borrower maintains any Deposit Account, other than the Deposit Accounts
set forth on Schedule 3(j) attached
hereto.

			
		4. 	Covenants.    Each
Borrower hereby covenants and agrees as
follows:

(a)    After an Event of Default,
any payment or payments in respect of the Collateral shall be paid
directly to the Secured Party to be held by the Secured Party, subject
to the terms hereof, as additional collateral for the Obligations. If,
notwithstanding the foregoing, either Borrower shall receive any
payment or payments in respect of the Collateral, such Borrower shall
accept the same as the agent of the Secured Party, hold the same in
trust for the Secured Party (segregated from other funds of such
Borrower) and turn over the same forthwith to the Secured Party in the
exact form received, to be held by the Secured Party, subject to the
terms hereof, as additional collateral security for the
Obligations.

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(b)    Without the
prior written consent of the Secured Party, neither Borrower will (i)
sell, assign, transfer, exchange, or otherwise dispose of, or grant any
option with respect to, the Collateral, or (ii) create, incur or permit
to exist any Lien or option in favor of, or any claim of any Person
with respect to, any of the Collateral, or any interest therein, except
for the Lien provided for by this Agreement. Each Borrower, jointly and
severally, will defend the right, title and interest of the Secured
Party in and to the Collateral against the claims and demands of all
Persons whomsoever.

(c)    At any time and
from time to time, and at the sole expense of the Borrowers, each
Borrower will promptly and duly execute and deliver such further
instruments and documents, and take such further actions as the Secured
Party may reasonably request, for the purposes of obtaining or
preserving the full benefits of this Agreement and of the rights and
powers herein granted. If any amount payable under or in connection
with any of the Collateral shall be or become evidenced by any
promissory note, other Instrument, such note, Instrument shall be
immediately delivered to the Secured Party, duly endorsed in a manner
satisfactory to the Secured Party, to be held as Collateral pursuant to
this Agreement.

(d)    The Borrowers,
jointly and severally, agree to pay, and to save the Secured Party
harmless from, any and all liabilities with respect to, or resulting
from any delay in paying, any and all stamp, excise, sales or other
taxes which may be payable or determined to be payable with respect to
any of the Collateral or in connection with any of the transactions
contemplated by this Agreement.

(e)    (i)
The Parent Borrower will not change its state of incorporation from the
Parent Jurisdiction or its principal place of business or remove the
records concerning the Collateral from the Parent Office without the
express prior written consent of the Secured Party. (ii) The Subsidiary
Borrower will not change its state of incorporation from the Subsidiary
Jurisdiction or its principal place of business or remove the records
concerning the Collateral from the Subsidiary Office without the
express prior written consent of the Secured
Party

(f)    Neither Borrower will, without
the Secured Party’s prior written consent (which consent shall
not be unreasonably withheld), grant any extension of the time of
payment of any Account, compromise, compound or settle the same for
less than the full amount thereof, release, wholly or partly, or allow
any credit or discount whatsoever thereon, except that so long as no
Event of Default has occurred and is continuing it may grant
extensions, credits, discounts, releases, compromises or settlements
granted or made in the ordinary course of business and consistent with
its current practices

(g)    Each Borrower
will continue to collect all amounts due or to become due to it under
all Accounts, and diligently exercise each material right it may have
thereunder, in each case at its own cost and expense, and in connection
with such collections and exercise, it shall, upon the occurrence and
during the continuance of an Event of Default, take such action as it
or the Secured Party may reasonably deem necessary. Notwithstanding the
foregoing, the Secured Party shall have the right at any time after the
occurrence and during the continuance of an Event of Default to notify,
or require either Borrower to notify, any account debtor with respect
to any such Account of the Secured Party’s security interest
therein, and in addition, at any time during the continuation of an
Event of Default, the Secured Party may: direct such account debtor to
make payment of all amounts due or to become due to such Borrower
thereunder directly to the Secured Party, and enforce, at the cost and
expense of such Borrower, collection thereof and to adjust, settle or
compromise the amount or payment thereof, in the same manner and to the
same extent as such Borrower would be able to have
done.

(h)    During normal business hours,
the Secured Party and such Persons as the Secured Party may designate
shall, as often as reasonably requested, have the right, at the cost
and expense of the Borrowers, to inspect all of its records relating to
the Collateral (and to make extracts and copies from such records), to
discuss its affairs with its officers and independent accountants and
to verify under reasonable procedures the validity, amount, quality,
quantity, value, condition and 

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status of, or any other matter relating to,
the Collateral, by contacting account debtors, contract parties or
other obligors thereon or any third Person possessing such Collateral
for the purpose of making such a
verification.

(i)    Neither Borrower will
maintain any deposit account (other than the deposit accounts disclosed
in writing to Secured Party) without the prior written consent of the
Secured Party.

5.    Rights of the Secured
Party.    After the occurrence and during the continuance of an
Event of Default, and whether or not the Secured Party declares the
Note due and payable or pursues any other relief or remedy available to
the Secured Party under any Loan Document, the Secured Party, or its
nominee or nominees shall forthwith, without further action on the part
of any Person, have the sole and exclusive right to exercise all rights
and powers of ownership with respect to the Collateral and shall
exercise such rights and powers in such manner as the Secured Party, in
its sole and absolute discretion, deems
appropriate.

6.    Limitation and Duties Regarding
Collateral.    The Secured Party’s sole duty with respect
to the custody, safekeeping and physical preservation of the Collateral
in its possession, under Section 9-207 of the UCC or otherwise, shall
be to deal with it in the same manner as the Secured Party deals with
similar property for its own account. Neither the Secured Party nor any
of its directors, officers, employees or agents shall be liable for
failure to demand, collect or realize upon any of the Collateral or for
any delay in doing so or shall be under any obligation to sell or
otherwise dispose of any Collateral upon the request of the Borrowers
or otherwise. The rights of the Secured Party hereunder shall not be
conditioned or contingent upon the pursuit by the Secured Party of any
right or remedy against any Person which may be or become liable in
respect of all or any part of the Obligations or against any Person
which may be or become liable in respect of all or any part of the
Obligations or against any collateral security therefor, guarantee
therefore or right of offset with respect thereto. The Secured Party
shall not be liable for any failure to demand, collect or realize upon
all or any part of the Collateral or for any delay in doing so, nor
shall the Secured Party be under any obligation to sell or otherwise
dispose of any Collateral upon the request of the Borrowers or any
other Person or to take any other action whatsoever with regard to the
Collateral or any part thereof.

7.    Powers Coupled with
an Interest.    All authorizations and agencies herein contained
with respect to the Collateral are irrevocable and powers coupled with
an interest.

8.    Power of Attorney.    Each
Borrower hereby irrevocably constitutes and appoints the Secured Party
and any officer or agent thereof, with full power of substitution, as
such Borrower’s true and lawful attorney-in-fact with full
irrevocable power and authority in the place and stead of such Borrower
and in the name of such Borrower or in his own name, from time to time
in the Secured Party’s discretion, for the purpose of carrying
out the terms of this Agreement and to take any and all appropriate
action and to execute any and all documents and instruments which may
be necessary or desirable to accomplish the purposes of this Agreement.
Each Borrower hereby ratifies all that such attorneys shall lawfully do
or cause to be done by virtue of this power. This power is a power
coupled with an interest and shall be irrevocable. The Secured Party
covenants with each Borrower that it will not exercise the powers
herein granted except upon the occurrence or continuance of an Event of
Default. The powers conferred on the Secured Party under this paragraph
are solely to protect its interests in the Collateral and shall not
impose any duty upon the Secured Party to exercise any such powers. The
Secured Party shall be accountable only for amounts that it actually
receives as a result of the exercise of such powers and neither it nor
any of its officers, directors, employees or agents shall be
responsible to each Borrower for any act or failure to act, except for
its own gross negligence or willful
misconduct.

9.    Further Assurances.    Each
Borrower further agrees that, at any time and from time to time, upon
written request of the Secured Party, such Borrower will execute and
deliver such further documents and do such further acts and things as
the Secured Party may reasonably request in order to effect the
purposes of this Agreement, including, without limitation, the pledging
of any note or other instrument evidencing any of the Collateral and
the filing of any financing or continuation statement without the
signature of such Borrower.

5

10.    Severability.    Any
provision of this Agreement that is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other
jurisdiction.

11.    Paragraph Headings.    The
paragraph headings used in this Agreement are for convenience of
reference only and are not to affect the construction hereof or be
taken into consideration in the interpretation
hereof.

12.    No Waiver; Cumulative Remedies; Multiple
Security.    The Secured Party shall not, by any act (except by
a written instrument pursuant to paragraph 13 hereof), be deemed to
have waived any right or remedy hereunder or to have acquiesced in any
Event of Default or in any breach of any of the terms and conditions
hereof. No failure to exercise, nor any delay in exercising, on the
part of the Secured Party, any right, power or privilege hereunder
shall operate as a waiver thereof. No single or partial exercise of any
right, power or privilege hereunder shall preclude any other or further
exercise thereof or the exercise of any other right, power or
privilege. A waiver by the Secured Party of any right or remedy
hereunder on any one occasion shall not be construed as a bar to any
right or remedy which the Secured Party would otherwise have on any
future occasion. The rights and remedies herein provided are
cumulative, may be exercised singly or concurrently and are not
exclusive of any other rights or remedies provided by law. Each
Borrower agrees that if the Secured Party shall be prosecuting one or
more actions against the Collateral or against any collateral other
than the Collateral, which collateral directly or indirectly secures
the Obligations, or if the Secured Party shall have obtained a judgment
against such collateral, then the Secured Party may commence or
continue any action and exercise its other rights and remedies granted
in this Agreement against all or any part of the Collateral and such
Borrower waives any objections to such commencement, continuation or
exercise, and waives any right to seek to dismiss, stay, remove,
transfer or consolidate either any action under this Agreement or such
other proceedings on such basis. Neither the commencement nor
continuation of any proceedings under this Agreement nor the exercise
of any other rights or remedies hereunder nor the recovery of any
judgment by the Secured Party in any such proceedings shall prejudice,
limit, or preclude the Secured Party’s right to commence or
continue one or more proceedings or obtain a judgment against any other
collateral which directly or indirectly secures the Obligations, and
such Borrower expressly waives any objections to the commencement of,
continuation of, or entry of a judgment in such other proceedings or
exercise of any remedies in such proceedings based upon any action or
judgment connected to this Agreement, and such Borrower also waives any
right to seek to dismiss, stay, remove, transfer or consolidate either
such other proceedings or any action under this Agreement on such
basis.

13.    Amendments; Successors and
Assigns.    None of the terms or provisions of this Agreement
may be amended, supplemented or otherwise modified except by a written
instrument executed by each Borrower and the Secured Party,
provided that any provision of this Agreement may be waived by
the Secured Party in a letter or agreement executed by the Secured
Party or by telex or facsimile transmissions from the Secured Party in
each case sent to each Borrower. This Agreement shall be binding upon
the successors and assigns of each Borrower and shall inure to the
benefit of the Secured Party and its successors and
assigns.

14.    GOVERNING LAW.    THIS AGREEMENT
AND THE RIGHTS AND OBLIGATIONS OF EACH BORROWER AND SECURED PARTY UNDER
THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO
CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE
LAWS OF ANOTHER JURISDICTION.

15.    Submission to
Jurisdiction; Waivers.    Each Borrower hereby irrevocably and
unconditionally submits for itself and its property in any legal action
or proceeding relating to this Agreement, or for recognition and
enforcement of any judgment in respect thereof, to the non-exclusive
general jurisdiction of the courts of the State of New York sitting in
New York County, the courts of the 

6

United States of America for the Southern
District of New York, and appellate courts from any thereof, consents
that any such action or proceeding may be brought in such courts, and
waives any objection that it may now or hereafter have to the venue of
any such action or proceeding in any such court or that such action or
proceeding was brought in an inconvenient court and agrees not to plead
or claim the same, agrees that service of process in any such action or
proceeding may be effected by mailing a copy thereof by registered mail
(or any substantially similar form of mail), postage prepaid, to the
address for such Borrower set forth on the first page of this Agreement
or at such other address of which the Secured Party shall have been
notified pursuant to the Note, and agrees that nothing herein shall
affect the right to effect service of process in any other manner
permitted by law or shall limit the right to sue in any other
jurisdiction.

16.    WAIVER OF TRIAL BY
JURY.    EACH BORROWER AND THE SECURED PARTY HEREBY IRREVOCABLY
AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR
PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND
FOR ANY COUNTERCLAIM
THEREIN.

17.    Indemnification.    Each Borrower,
jointly and severally, hereby saves, indemnifies and holds harmless the
Secured Party from and against all expense, loss or damage, including,
without limitation, attorneys’ fees and expenses, suffered by
the Secured Party arising out of or in connection with this Agreement
and the granting of the security interest pursuant to this Agreement
and the enforcement thereof.

18.    Continuing Security
Interest.    This Agreement shall create a continuing security
interest in the Collateral and shall remain in full force and effect
until payment and performance in full of the
Obligations.

19.    Release.    The Secured Party
agrees to release the Collateral following the later to occur of the
Maturity Date and the indefeasible payment in full of the Note and the
Obligations, and the performance by the Borrowers of all of its other
obligations and liabilities under the Loan Documents outstanding at the
time of such payment.

20.    Notices.    Any
notice, demand or other communication which any party hereto may be
required, or may elect, to give to anyone interested hereunder shall be
sufficiently given if (a)  deposited, postage prepaid, in a
United States mail box, stamped, registered or certified mail, return
receipt requested, addressed to such address listed in the preamble on
the first page of this Agreement, or (b) delivered personally at such
address, except that the notice requried by Section 2(b) hereof may be
delivered by email to the Company at
saustin@tagentertainment.com with a copy to
vdigioia@gdlawllp.com

21.    Execution.    This
Agreement may be executed through the use of separate signature pages
or in any number of counterparts, and each of such counterparts shall,
or all purposes, constitute one agreement binding on all parties,
notwithstanding that all parties are not signatories to the same
counterpart.

[Signature Page
Follows]

7

IN WITNESS WHEREOF, each of the undersigned
has caused this Agreement to be executed on the date first set forth
above.

		TAG ENTERTAINMENT CORP.

		By:                                                                            

		Name:                                                                       

Title:                                                                           

		TAG
ENTERTAINMENT
USA

		By:                                                                            

		Name:                                                                       

Title:                                                                           

		                                                                                 .

		By:                                                                            

		Name:                                                                       

Title:                                                                           

8EXHIBIT
10.3

PERSONAL GUARANTY

THIS GUARANTY (the
‘‘Guaranty’’) is made and entered into this
December  14,  2006, by STEVEN AUSTIN as guarantor
(the ‘‘Guarantor’’), a California resident
with principal home address located at
                                                    ,
in favor of                                        ,
as beneficiary (the ‘‘Beneficiary’’) with
principal offices located at
                                                            
with respect to the Bridge Loan (the
‘‘Loan’’) described herein, each
individually referred herein as a Party and collectively as the
Parties, with respect to the facts set forth
below.

		
	A. 	Reference is made to the Loan by
                                                        (‘‘Lender’’)
in the principal amount of
                                            ($                        .00),
dated as of December  14,  2006 entered into by TAG
ENTERTAINMENT CORP., (the
‘‘Company’’ or the ‘‘Parent
Borrower’’) and TAG ENTERTAINMENT USA (the
‘‘Subsidiary Borrower’’) in favor of the
Beneficiary; and

		
	B. 	The Loan shall be secured by:
(1) the Company’s accounts receivables and (2) the
Company’s contract rights and proceeds therefrom in an agreement
to be executed between Gaiam, Inc. and the Company or any affiliate of
the Company (collectively the
‘‘Collateral’’) and (3) all books,
instruments, certificates, records, ledger cards, files,
correspondence, customer lists and other documents, and all computer
software, computer printouts, tapes, disks and related data processing
software and similar items, in each case that at any time represent,
cover or otherwise evidence, or contain information relating to, any of
the Collateral or are otherwise necessary or helpful in the collection
thereof or realization thereupon, as collateral security for the due
and punctual payment and performance of all obligations and
liabilities, whether direct or indirect, absolute or contingent, due or
to become due, or now existing or hereafter incurred, arising under,
out of or in connection with the Note, the Purchase Agreement or any
other Loan Document (each of the foregoing obligations being
collectively referred to as the
‘‘Obligations’’).

		
	C. 	Beneficiary desires Guarantor to provide his
guarantee of the Obligations based on and incorporating all terms and
conditions contained in the Loan. Guarantor shall guarantee the prompt
payment of the Principal Balance plus any interest thereon accruing
from the Maturity Date in the event of a default in the payment of such
amounts, provided that this guarantee obligation shall only commence in
the event that the Company does not repay the Lender the Principal
Balance of the Loan plus interest thereon during a 30-day cure period
immediately following the Maturity
Date.

		
	D. 	Capitalized terms used and not otherwise
defined herein that are defined in the Purchase Agreement will have the
meanings given such terms in the Purchase Agreement.

IN WITNESS
WHEREOF, the Parties hereto have caused their duly authorized
representatives to enter into this Agreement effective as of the date
set forth below.

Agreed & Accepted
By:                                                           Agreed
& Accepted
By:

							
	Steven
Austin			 			 
	 			 			 
	Signed			 			Signed
	 			 			 
	Authorized
Name (Please print)			 			Authorized Name (Please
print)

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