Document:

Unassociated Document

     

    STOCK
      PLEDGE AGREEMENT

     

    This
      Stock Pledge Agreement (this “Agreement”), dated as of November 30, 2007,
      among LV ADMINISTRATIVE SERVICES INC., as administrative and collateral agent
      for the Creditor Parties (as defined below) (the “Pledgee”), NEWMARKET
      TECHNOLOGY, INC., a Nevada corporation (the “Company”), and each of the
      other undersigned parties (the Company and each such other undersigned party,
      a
“Pledgor” and collectively, the “Pledgors”).

     

    BACKGROUND

     

    The
      Company has entered into a Security Agreement dated as of the date hereof (as
      amended, modified, restated or supplemented from time to time, the “Security
      Agreement”), pursuant to which the Pledgee and the other Creditor Parties
      (as defined in the Security Agreement) party thereto provides or will provide
      certain financial accommodations to the Company and certain subsidiaries of
      the
      Company.

     

    In
      order
      to induce the Pledgee and the other Creditor Parties to provide or continue
      to
      provide the financial accommodations described in the Security Agreement, each
      Pledgor has agreed to pledge and grant a security interest in the collateral
      described herein to the Pledgee on the terms and conditions set forth
      herein.

     

    NOW,
      THEREFORE, in consideration of the premises and for other good and valuable
      consideration the receipt of which is hereby acknowledged, the parties hereto
      agree as follows:

     

    1.  Defined
      Terms.  All capitalized terms used herein which are not defined
      shall have the meanings given to them in the Security Agreement.

     

    2.  Pledge
      and Grant of Security Interest.  To secure the full and punctual
      payment and performance of (the following clauses (a) and (b), collectively,
      the
“Obligations”) (a) all obligations owing to Pledgee and the other
      Creditor Parties under the Security Agreement and the Ancillary Agreements
      (the
      Security Agreement and the Ancillary Agreements, as each may be amended,
      restated, modified and/or supplemented from time to time, collectively, the
      “Documents”) and (b) all other obligations and liabilities of each
      Pledgor to the Pledgee and the other Creditor Parties whether now existing
      or
      hereafter arising, direct or indirect, liquidated or unliquidated, absolute
      or
      contingent, due or not due and whether under, pursuant to or evidenced by a
      note, agreement, guaranty, instrument or otherwise, including, without
      limitation, obligations of each Pledgor for post-petition interest, fees, costs
      and charges that would have accrued or been added to the Obligations but for
      the
      commencement of such case), each Pledgor hereby pledges, assigns, hypothecates,
      transfers and grants a security interest to the Pledgee, for the ratable benefit
      of the Creditor Parties, in all of the following (the
“Collateral”):

     

    (a)  the
      shares of stock or other equity interests set forth on Schedule A annexed
      hereto and expressly made a part hereof (together with any additional shares
      of
      stock or other equity interests acquired by any Pledgor, the “Pledged
      Stock”), the certificates representing the Pledged Stock and all dividends,
      cash, instruments and other property or proceeds from time to time received,
      receivable or otherwise distributed in respect of or in exchange for any or
      all
      of the Pledged Stock;

     

    (b)  all
      additional shares of stock or other equity interests of any issuer (each, an
      “Issuer”) of the Pledged Stock from time to time acquired by any Pledgor
      in any manner, including, without limitation, stock dividends or a distribution
      in connection with any increase or reduction of capital, reclassification,
      merger, consolidation, sale of assets, combination of shares, stock split,
      spin-off or split-off (which shares shall be deemed to be part of the
      Collateral), and the certificates representing such additional shares, and
      all
      dividends, cash, instruments and other property or proceeds from time to time
      received, receivable or otherwise distributed in respect of or in exchange
      for
      any or all of such shares; and

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (c)  all
      options and rights, whether as an addition to, in substitution of or in exchange
      for any shares of any Pledged Stock and all dividends, cash, instruments and
      other property or proceeds from time to time received, receivable or otherwise
      distributed in respect of or in exchange for any or all such options and
      rights.

     

    3.  Delivery
      of Collateral.  All certificates representing or evidencing the
      Pledged Stock shall be delivered to and held by or on behalf of Pledgee pursuant
      hereto and shall be accompanied by duly executed instruments of transfer or
      assignments in blank, all in form and substance satisfactory to the
      Pledgee.  Each Pledgor hereby authorizes the Issuer upon demand by the
      Pledgee to deliver any certificates, instruments or other distributions issued
      in connection with the Collateral directly to the Pledgee, in each case to
      be
      held by the Pledgee, subject to the terms hereof.  Upon the occurrence
      and during the continuance of an Event of Default (as defined below), the
      Pledgee shall have the right, during such time in its discretion and without
      notice to the Pledgor, to transfer to or to register in the name of the Pledgee
      or any of its nominees any or all of the Pledged Stock.  In addition,
      the Pledgee shall have the right at such time to exchange certificates or
      instruments representing or evidencing Pledged Stock for certificates or
      instruments of smaller or larger denominations.

     

    4.  Representations
      and Warranties of each Pledgor.  Each Pledgor jointly and
      severally represents and warrants to the Pledgee (which representations and
      warranties shall be deemed to continue to be made until all of the Obligations
      have been paid in full in cash and each Document and each agreement and
      instrument entered into in connection therewith has been irrevocably terminated)
      that:

     

    (a)  the
      execution, delivery and performance by each Pledgor of this Agreement and the
      pledge of the Collateral hereunder do not and will not result in any violation
      of any agreement, indenture, instrument, license, judgment, decree, order,
      law,
      statute, ordinance or other governmental rule or regulation applicable to any
      Pledgor;

     

    (b)  this
      Agreement constitutes the legal, valid, and binding obligation of each Pledgor
      enforceable against each Pledgor in accordance with its terms;

     

    (c)  (i)
      all
      Pledged Stock owned by each Pledgor is set forth on Schedule A hereto and
      (ii) each Pledgor is the direct and beneficial owner of each share of the
      Pledged Stock;

     

    (d)  all
      of
      the shares of the Pledged Stock have been duly authorized, validly issued and
      are fully paid and non-assessable;

     

    (e)  no
      consent or approval of any person, corporation, governmental body, regulatory
      authority or other entity, is or will be necessary for (i) the execution,
      delivery and performance of this Agreement, (ii) the exercise by the Pledgee
      of
      any rights with respect to the Collateral or (iii) the pledge and assignment
      of,
      and the grant of a security interest in, the Collateral hereunder;

     

    (f)  there
      are
      no pending or, to the best of Pledgor’s knowledge, threatened actions or
      proceedings before any court, judicial body, administrative agency or arbitrator
      which may materially adversely affect the Collateral;

     

    
      
         

      

      
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    (g)  each
      Pledgor has the requisite power and authority to enter into this Agreement
      and
      to pledge and assign the Collateral to the Pledgee, for the ratable benefit
      of
      the Creditor Parties, in accordance with the terms of this
      Agreement;

     

    (h)  each
      Pledgor owns each item of the Collateral and, except for the pledge and security
      interest granted to the Pledgee hereunder, the Collateral shall be, immediately
      following the closing of the transactions contemplated by the Documents, free
      and clear of any other security interest, mortgage, pledge, claim, lien, charge,
      hypothecation, assignment, offset or encumbrance whatsoever (collectively,
      “Liens”);

     

    (i)  there
      are
      no restrictions on transfer of the Pledged Stock contained in the certificate
      of
      incorporation or by-laws (or equivalent organizational documents) of any Issuer
      or otherwise which have not otherwise been enforceably and legally waived by
      the
      necessary parties;

     

    (j)  none
      of
      the Pledged Stock has been issued or transferred in violation of the securities
      registration, securities disclosure or similar laws of any jurisdiction to
      which
      such issuance or transfer may be subject;

     

    (k)  the
      pledge and assignment of the Collateral and the grant of a security interest
      under this Agreement vest in the Pledgee, for the ratable benefit of the
      Creditor Parties, all rights of each Pledgor in the Collateral as contemplated
      by this Agreement; and

     

    (l)  the
      Pledged Stock constitutes the percentage of the issued and outstanding shares
      of
      capital stock of each Issuer as set forth on Schedule A attached
      hereto.

     

    5.  Covenants.  Each
      Pledgor jointly and severally covenants that, until the Obligations shall be
      indefeasibly satisfied in full in cash and each Document and each agreement
      and
      instrument entered into in connection therewith is irrevocably
      terminated:

     

    (a)  No
      Pledgor will sell, assign, transfer, convey, or otherwise dispose of its rights
      in or to the Collateral or any interest therein; nor will any Pledgor create,
      incur or permit to exist any Lien whatsoever with respect to any of the
      Collateral or the proceeds thereof other than that created hereby.

     

    (b)  Each
      Pledgor will, at its expense, defend the Pledgee’s right, title and security
      interest in and to the Collateral against the claims of any other
      party.

     

    (c)  Each
      Pledgor shall at any time, and from time to time, upon the written request
      of
      the Pledgee, execute and deliver such further documents and do such further
      acts
      and things as the Pledgee may reasonably request in order to effectuate the
      purposes of this Agreement including, but without limitation, delivering to
      the
      Pledgee, upon the occurrence of an Event of Default, irrevocable proxies in
      respect of the Collateral in form satisfactory to the Pledgee.  Until
      receipt thereof, so long as an Event of Default has occurred and is continuing
      beyond any applicable grace period, this Agreement shall constitute the
      Pledgor’s proxy to the Pledgee or its nominee to vote all shares of Collateral
      then registered in each Pledgor’s name.

     

    
      
         

      

      
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    (d)  No
      Pledgor will consent to or approve the issuance of (i) any additional shares
      of
      any class of capital stock or other equity interests of the Issuer; or (ii)
      any
      securities convertible either voluntarily by the holder thereof or automatically
      upon the occurrence or nonoccurrence of any event or condition into, or any
      securities exchangeable for, any such shares, unless, in either case, such
      shares are pledged as Collateral pursuant to this Agreement.

     

    6.  Voting
      Rights and Dividends.  In addition to the Pledgee’s rights and
      remedies set forth in Section 8 hereof, in case an Event of Default shall have
      occurred and be continuing, beyond any applicable cure period, the Pledgee
      shall
      (i) be entitled to vote the Collateral, (ii) be entitled to give consents,
      waivers and ratifications in respect of the Collateral (each Pledgor hereby
      irrevocably constituting and appointing the Pledgee, with full power of
      substitution, the proxy and attorney-in-fact of each Pledgor for such purposes)
      and (iii) be entitled to collect and receive for its own use cash dividends
      paid
      on the Collateral which dividends shall be applied as set forth in Section
      10
      hereof.  Unless and until there shall have occurred and be continuing
      an Event of Default, each Pledgor shall be permitted to exercise or refrain
      from
      exercising any voting rights or other powers; provided that, in each case,
      no
      vote shall be cast or any consent, waiver or ratification given or any action
      taken or omitted to be taken if, in the reasonable judgment of the Pledgee,
      such
      action would have a material adverse effect on the value of the Collateral
      or
      any part thereof; and, provided, further, that each Pledgor shall
      give at least five (5) days’ written notice of the manner in which such Pledgor
      intends to exercise, or the reasons for refraining from exercising, any voting
      rights or other powers other than with respect to any election of directors
      and
      voting with respect to any incidental matters.  Following the
      occurrence and during the continuance of an Event of Default, all rights of
      each
      Pledgor to vote and to give consents, waivers and ratifications shall cease
      and
      all dividends and all other distributions in respect of any of the Collateral,
      shall be delivered to the Pledgee to hold as Collateral and shall, if received
      by any Pledgor, be received in trust for the benefit of the Pledgee, be
      segregated from the other property or funds of any other Pledgor, and be
      forthwith delivered to the Pledgee as Collateral in the same form as so received
      (with any necessary endorsement).

     

    7.  Event
      of Default.  An “Event of Default” under this Agreement
      shall occur upon the happening of any of the following events:

     

    (a)  An
      “Event of Default” under any Document or any agreement or note related to
      any Document shall have occurred and be continuing beyond any applicable cure
      period;

     

    (b)  Any
      Pledgor shall breach any term or provision of any Document to which its is
      a
      party, including, without limitation, this Agreement, in any material respect,
      which breach is not cured within any applicable cure or grace period provided
      in
      respect thereof (if any);

     

    (c)  Any
      representation or warranty of any Pledgor made herein, in any Document or in
      any
      agreement, statement or certificate given in writing pursuant hereto or thereto
      or in connection herewith or therewith shall be false or misleading in any
      material respect;

     

    (d)  Any
      attachments or levies in excess of $50,000 in the aggregate are made upon any
      Pledgor’s assets or a judgment is rendered against any Pledgor’s property
      involving a liability of more than $50,000 which shall not have been vacated,
      discharged, stayed or bonded within thirty (30) days form the entry thereof;
      or

     

    
      
         

      

      
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    (e)  Any
      Pledgor shall (i) apply for, consent to, or suffer to exist the appointment
      of,
      or the taking of possession by, a receiver, custodian, trustee, liquidator
      or
      other fiduciary of itself or of all or a substantial part of its property,
      (ii)
      make a general assignment for the benefit of creditors, (iii) commence a
      voluntary case under any state or federal bankruptcy laws (as now or hereafter
      in effect), (iv) be adjudicated a bankrupt or insolvent, (v) file a petition
      seeking to take advantage of any other law providing for the relief of debtors,
      (vi) not challenge within ten (10) days of the filing thereof, or fail to have
      dismissed within forty five (45) days, any petition filed against it in any
      involuntary case under such bankruptcy laws, or (vii) take any action for the
      purpose of effecting any of the foregoing.

     

    8.  Remedies.  In
      case an Event of Default shall have occurred and is continuing, the Pledgee
      may:

     

    (a)  Transfer
      any or all of the Collateral into its name, or into the name of its nominee
      or
      nominees;

     

    (b)  Exercise
      all corporate rights with respect to the Collateral including, without
      limitation, all rights of conversion, exchange, subscription or any other
      rights, privileges or options pertaining to any shares of the Collateral as
      if
      it were the absolute owner thereof, including, but without limitation, the
      right
      to exchange, at its discretion, any or all of the Collateral upon the merger,
      consolidation, reorganization, recapitalization or other readjustment of the
      Issuer thereof, or upon the exercise by the Issuer of any right, privilege
      or
      option pertaining to any of the Collateral, and, in connection therewith, to
      deposit and deliver any and all of the Collateral with any committee,
      depository, transfer agent, registrar or other designated agent upon such terms
      and conditions as it may determine, all without liability except to account
      for
      property actually received by it; and

     

    (c)  Subject
      to any requirement of applicable law, sell, assign and deliver the whole or,
      from time to time, any part of the Collateral at the time held by the Pledgee,
      at any private sale or at public auction, with or without demand, advertisement
      or notice of the time or place of sale or adjournment thereof or otherwise
      (all
      of which are hereby waived, except such notice as is required by applicable
      law
      and cannot be waived), for cash or credit or for other property for immediate
      or
      future delivery, and for such price or prices and on such terms as the Pledgee
      in its sole discretion may determine, or as may be required by applicable
      law.

     

    Each
      Pledgor hereby waives and releases any and all right or equity of redemption,
      whether before or after sale hereunder.  At any such sale, unless
      prohibited by applicable law, the Pledgee may bid for and purchase the whole
      or
      any part of the Collateral so sold free from any such right or equity of
      redemption.  All moneys received by the Pledgee hereunder, whether
      upon sale of the Collateral or any part thereof or otherwise, shall be held
      by
      the Pledgee and applied by it as provided in Section 10 hereof.  No
      failure or delay on the part of the Pledgee in exercising any rights hereunder
      shall operate as a waiver of any such rights nor shall any single or partial
      exercise of any such rights preclude any other or future exercise thereof or
      the
      exercise of any other rights hereunder.  The Pledgee shall have no
      duty as to the collection or protection of the Collateral or any income thereon
      nor any duty as to preservation of any rights pertaining thereto, except to
      apply the funds in accordance with the requirements of Section 10
      hereof.  The Pledgee may exercise its rights with respect to property
      held hereunder without resort to other security for or sources of reimbursement
      for the Obligations.  In addition to the foregoing, Pledgee shall have
      all of the rights, remedies and privileges of a secured party under the Uniform
      Commercial Code of New York (the “UCC”) regardless of the jurisdiction in
      which enforcement hereof is sought.

     

    9.  Private
      Sale.  Each Pledgor recognizes that the Pledgee may be unable to
      effect (or to do so only after delay which would adversely affect the value
      that
      might be realized from the Collateral) a public sale of all or part of the
      Collateral by reason of certain prohibitions contained in the Securities Act,
      and may be compelled to resort to one or more private sales to a restricted
      group of purchasers who will be obliged to agree, among other things, to acquire
      such Collateral for their own account, for investment and not with a view to
      the
      distribution or resale thereof.  Each Pledgor agrees that any such
      private sale may be at prices and on terms less favorable to the seller than
      if
      sold at public sales and that such private sales shall be deemed to have been
      made in a commercially reasonable manner.  Each Pledgor agrees that
      the Pledgee has no obligation to delay sale of any Collateral for the period
      of
      time necessary to permit the Issuer to register the Collateral for public sale
      under the Securities Act.

     

    
      
         

      

      
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    10.  Proceeds
      of Sale.  The proceeds of any collection, recovery, receipt,
      appropriation, realization or sale of the Collateral shall be applied by the
      Pledgee as follows:

     

    (a)  First,
      to
      the payment of all costs, reasonable expenses and charges of the Pledgee and
      to
      the reimbursement of the Pledgee for the prior payment of such costs, reasonable
      expenses and charges incurred in connection with the care and safekeeping of
      the
      Collateral (including, without limitation, the reasonable expenses of any sale
      or any other disposition of any of the Collateral), reasonable attorneys’ fees
      and reasonable expenses, court costs, any other fees or expenses incurred or
      expenditures or advances made by the Pledgee in the protection, enforcement
      or
      exercise of its rights, powers or remedies hereunder;

     

    (b)  Second,
      to the payment of the Obligations, in whole or in part, in such order as the
      Pledgee may elect, whether or not such Obligations are then due;

     

    (c)  Third,
      to
      such persons, firms, corporations or other entities as required by applicable
      law including, without limitation, Section 9-615(a)(3) of the UCC;
      and

     

    (d)  Fourth,
      to the extent of any surplus to the Pledgors or as a court of competent
      jurisdiction may direct.

     

    In
      the
      event that the proceeds of any collection, recovery, receipt, appropriation,
      realization or sale are insufficient to satisfy the Obligations, each Pledgor
      shall be jointly and severally liable for the deficiency plus the costs and
      reasonable fees of any attorneys employed by the Pledgee to collect such
      deficiency.

     

    11.  Waiver
      of Marshaling.  Each Pledgor hereby waives any right to compel any
      marshaling of any of the Collateral.

     

    12.  No
      Waiver.  Any and all of the Pledgee’s rights with respect to the
      Liens granted under this Agreement shall continue unimpaired, and Pledgor shall
      be and remain obligated in accordance with the terms hereof, notwithstanding
      (a)
      the bankruptcy, insolvency or reorganization of any Pledgor, (b) the release
      or
      substitution of any item of the Collateral at any time, or of any rights or
      interests therein, or (c) any delay, extension of time, renewal, compromise
      or
      other indulgence granted by the Pledgee in reference to any of the
      Obligations.  Each Pledgor hereby waives all notice of any such delay,
      extension, release, substitution, renewal, compromise or other indulgence,
      and
      hereby consents to be bound hereby as fully and effectively as if such Pledgor
      had expressly agreed thereto in advance.  No delay or extension of
      time by the Pledgee in exercising any power of sale, option or other right
      or
      remedy hereunder, and no failure by the Pledgee to give notice or make demand,
      shall constitute a waiver thereof, or limit, impair or prejudice the Pledgee’s
      right to take any action against any Pledgor or to exercise any other power
      of
      sale, option or any other right or remedy.

     

    13.  Expenses.  The
      Collateral shall secure, and each Pledgor shall pay to the Pledgee on demand,
      from time to time, all reasonable costs and expenses, (including but not limited
      to, reasonable attorneys’ fees and costs, taxes, and all transfer, recording,
      filing and other charges) of, or incidental to, the custody, care, transfer,
      administration of the Collateral or any other collateral, or in any way relating
      to the enforcement, protection or preservation of the rights or remedies of
      the
      Pledgee under this Agreement or with respect to any of the
      Obligations.

     

    
      
         

      

      
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    14.  The
      Pledgee Appointed Attorney-In-Fact and Performance by the
      Pledgee.  Upon the occurrence of an Event of Default, each Pledgor
      hereby irrevocably constitutes and appoints the Pledgee as such Pledgor’s true
      and lawful attorney-in-fact, with full power of substitution, to execute,
      acknowledge and deliver any instruments and to do in such Pledgor’s name, place
      and stead, all such acts, things and deeds for and on behalf of and in the
      name
      of such Pledgor, which such Pledgor could or might do or which the Pledgee
      may
      deem necessary, desirable or convenient to accomplish the purposes of this
      Agreement, including, without limitation, to execute such instruments of
      assignment or transfer or orders and to register, convey or otherwise transfer
      title to the Collateral into the Pledgee’s name.  Each Pledgor hereby
      ratifies and confirms all that said attorney-in-fact may so do and hereby
      declares this power of attorney to be coupled with an interest and
      irrevocable.  If any Pledgor fails to perform any agreement herein
      contained, the Pledgee may itself perform or cause performance thereof, and
      any
      costs and expenses of the Pledgee incurred in connection therewith shall be
      paid
      by the Pledgors as provided in Section 10 hereof.

     

    15.  Recapture.  Notwithstanding
      anything to the contrary in this Agreement, if the Pledgee or any other Creditor
      Party receives any payment or payments on account of the Obligations, which
      payment or payments or any part thereof are subsequently invalidated, declared
      to be fraudulent or preferential, set aside and/or required to be repaid to
      a
      trustee, receiver, or any other party under the United States Bankruptcy Code,
      as amended, or any other federal or state bankruptcy, reorganization, moratorium
      or insolvency law relating to or affecting the enforcement of creditors’ rights
      generally, common law or equitable doctrine, then to the extent of any sum
      not
      finally retained by the Pledgee or such other Creditor Party, each Pledgor’s
      obligations to the Pledgee and the other Creditor Parties shall be reinstated
      and this Agreement shall remain in full force and effect (or be reinstated)
      until payment shall have been made to the Pledgee and the other Creditor
      Parties, which payment shall be due on demand.

     

    16.  NewMarket
      China.  The Pledgor hereby instructs NewMarket China, Inc.
      (“NewMarket China”) to act upon any instruction delivered to it by the
      Pledgee with respect to the Pledged Stock issued by NewMarket China to Pledgor
      without seeking any further instruction from the Pledgor, and, by its
      acknowledgement hereof, NewMarket China hereby agrees to do
      so.  NewMarket China, by its written acknowledgment and acceptance
      hereof, hereby acknowledges receipt of a copy of this Agreement and agrees
      promptly to note on its books and records the security interest granted under
      this Agreement.  NewMarket China also waives any rights or
      requirements at any time hereafter to receive a copy of this Agreement in
      connection with the registration of any Collateral in the name of the Pledgee
      or
      its nominee or the exercise of voting rights by the Pledgee or its nominee
      in
      accordance with the terms of this Agreement.

     

    17.  Captions.  All
      captions in this Agreement are included herein for convenience of reference
      only
      and shall not constitute part of this Agreement for any other
      purpose.

     

    18.  Miscellaneous.

     

    (a)  This
      Agreement constitutes the entire and final agreement among the parties with
      respect to the subject matter hereof and may not be changed, terminated or
      otherwise varied except by a writing duly executed by the parties
      hereto.

     

    (b)  No
      waiver
      of any term or condition of this Agreement, whether by delay, omission or
      otherwise, shall be effective unless in writing and signed by the party sought
      to be charged, and then such waiver shall be effective only in the specific
      instance and for the purpose for which given.

     

    
      
         

      

      
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    (c)  In
      the
      event that any provision of this Agreement or the application thereof to any
      Pledgor or any circumstance in any jurisdiction governing this Agreement shall,
      to any extent, be invalid or unenforceable under any applicable statute,
      regulation, or rule of law, such provision shall be deemed inoperative to the
      extent that it may conflict therewith and shall be deemed modified to conform
      to
      such statute, regulation or rule of law, and the remainder of this Agreement
      and
      the application of any such invalid or unenforceable provision to parties,
      jurisdictions, or circumstances other than to whom or to which it is held
      invalid or unenforceable shall not be affected thereby, nor shall same affect
      the validity or enforceability of any other provision of this
      Agreement.

     

    (d)  This
      Agreement shall be binding upon each Pledgor, and each Pledgor’s successors and
      assigns, and shall inure to the benefit of the Pledgee and its successors and
      assigns for the ratable benefit of the Creditor Parties.

     

    (e)  Any
      notice or other communication required or permitted pursuant to this Agreement
      shall be given in accordance with the Security Agreement.

     

    (f)  THIS
      AGREEMENT AND THE OTHER DOCUMENTS SHALL BE GOVERNED BY AND CONSTRUED AND
      ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
      CONTRACTS MADE AND PERFORMED IN SUCH STATE, WITHOUT REGARD TO PRINCIPLES OF
      CONFLICTS OF LAW.

     

    (g)  EACH
      PLEDGOR HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED
      IN
      THE COUNTY OF NEW YORK, STATE OF NEW YORK SHALL HAVE EXCLUSIVE JURISDICTION
      TO
      HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN ANY PLEDGOR, ON THE ONE HAND,
      AND THE PLEDGEE AND/OR ANY OTHER CREDITOR PARTY, ON THE OTHER HAND, PERTAINING
      TO THIS AGREEMENT OR ANY OF THE OTHER DOCUMENTS OR TO ANY MATTER ARISING OUT
      OF
      OR RELATED TO THIS AGREEMENT OR ANY OF THE OTHER DOCUMENTS, PROVIDED,
      THAT EACH PLEDGOR ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS MAY HAVE
      TO BE
      HEARD BY A COURT LOCATED OUTSIDE OF THE COUNTY OF NEW YORK, STATE OF NEW YORK;
      AND FURTHERPROVIDED, THAT NOTHING IN THIS AGREEMENT SHALL BE
      DEEMED OR OPERATE TO PRECLUDE THE PLEDGEE OR ANY OTHER CREDITOR PARTY FROM
      BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO COLLECT
      THE INDEBTEDNESS, TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE
      INDEBTEDNESS, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE
      PLEDGEE.  EACH PLEDGOR EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO
      SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH
      PLEDGOR HEREBY WAIVES ANY OBJECTION WHICH IT MAY HAVE BASED UPON LACK OF
      PERSONAL JURISDICTION, IMPROPER VENUE OR
FORUMNONCONVENIENS.  EACH PLEDGOR HEREBY WAIVES
      PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY
      SUCH
      ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINT AND OTHER
      PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH PLEDGOR
      AT
      THE ADDRESS SET FORTH IN THE SECURITY AGREEMENT AND THAT SERVICE SO MADE SHALL
      BE DEEMED COMPLETED UPON SUCH PLEDGOR’S ACTUAL RECEIPT THEREOF.

     

    (h)  THE
      PARTIES HERETO DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH
      APPLICABLE LAWS.  THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE
      BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO WAIVE
      ALL
      RIGHTS TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE
      ANY DISPUTE, WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE BETWEEN THE PLEDGEE
      AND/OR ANY OTHER CREDITOR PARTY, AND/OR ANY PLEDGOR ARISING OUT OF, CONNECTED
      WITH, RELATED OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED BETWEEN THEN IN
      CONNECTION WITH THIS AGREEMENT, ANY OTHER DOCUMENT OR THE TRANSACTIONS RELATED
      HERETO OR THERETO.

     

    (i)  It
      is
      understood and agreed that any person or entity that desires to become a Pledgor
      hereunder, or is required to execute a counterpart of this Agreement after
      the
      date hereof pursuant to the requirements of any Document, shall become a Pledgor
      hereunder by (x) executing a Joinder Agreement in form and substance
      satisfactory to the Pledgee, (y) delivering supplements to such exhibits and
      annexes to such Documents as the Pledgee shall reasonably request and/or set
      forth in such joinder agreement and (z) taking all actions as specified in
      this
      Agreement as would have been taken by such Pledgor had it been an original
      party
      to this Agreement, in each case with all documents required above to be
      delivered to the Pledgee and with all documents and actions required above
      to be
      taken to the reasonable satisfaction of the Pledgee.

     

    (j)  This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original and all of which when taken together shall constitute one
      and
      the same agreement.  Any signature delivered by a party by facsimile
      or electronic transmission shall be deemed an original signature
      hereto.

     

    [Remainder
      of Page Intentionally Left Blank]

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the parties have duly executed this Agreement as of the day
      and
      year first written above.

     

    
      	 	NEWMARKET
              TECHNOLOGY, INC.	 
	 	 	 	 
	
               

            	
              By:
                

            	/s/ Philip
              M. Verges	 
	 	 	Name Philip
              M. Verges	 
	 	 	Title CEO	 
	 	 	 	 

    

     

     

     

     

    
      	 	LV
              ADMINISTRATIVE
              SERVICES INC.,	 
	 	as
              Agent	 
	 	 	 	 
	
               

            	
              By:
                

            	/s/ Scott
              Bluestein	 
	 	 	Name Scott
              Bluestein	 
	 	 	Title Authorized
              Signatory	 
	 	 	 	 

    

     

     

    Acknowledged
      and accepted this

     

    ______
      day of November 2007.

     

    
      	 	 	 
	 	 	 
              
              NEWMARKET
                CHINA, INC.

            	 
	
               

            	
              By:
                

            	/s/ Philip
              J. Rauch	 
	 	 	Name Philip
              J. Rauch	 
	 	 	Title CFO	 
	 	 	 	 

    

     

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    

     

    SCHEDULE
      A

     

    Pledged
      Stock

     

    
      	
              Pledgor

            	
              Issuer

            	
              Class
                of Stock

            	
              Stock
                Certificate Number

            	
              Par
                Value

            	
              Number
                of Shares

            	
              %
                of outstanding Shares

            
	
              NewMarket
                Technology, Inc.

            	
              IP
                Global Voice, Inc.

            	
              Common

            	
              22

            	
              $.0001

            	
              4,075,000

            	
              65%

            
	
              NewMarket
                Technology, Inc.

            	
              NewMarket
                China, Inc.

            	
              Series
                A Preferred

            	
              N/A

            	
              No
                Par

            	
              250,000

            	
              100%

            
	
              NewMarket
                Technology, Inc.

            	
              NewMarket
                Broadband, Inc.

            	
              Common

            	
              1

            	
              No
                Par

            	
              1,000

            	
              100%

            
	
              NewMarket
                Technology, Inc.

            	
              Netsco,
                Inc.

            	
              Common

            	
              2

            	
              No
                Par

            	
              100

            	
              100%

            
	
              NewMarket
                Technology, Inc.

            	
              NewMarket
                Intellectual Property, Inc.

            	
              Common

            	
              1

            	
              No
                Par

            	
              1,000

            	
              100%

            
	
              NewMarket
                Technology, Inc.

            	
              RedMoon,
                Inc.

            	
              Common

            	
              44

            	
              $.0001

            	
              8,032,817

            	
              11%

            
	
              NewMarket
                Technology, Inc.

            	
              Defense
                Technology Systems, Inc.

            	
              Class
                C Preferred

            	
              100

            	
              $.01

            	
              600,000

            	
              100%

            
	
              NewMarket
                Technology, Inc.

            	
              Defense
                Technology Systems, Inc.

            	
              Class
                D Preferred

            	
              200

            	
              $.01

            	
              3,400,000

            	
              100%

            
	
              NewMarket
                Technology, Inc.

            	
              Broker
                Payment Services

            	 	 	 	 	 
	
              NewMarket
                Technology, Inc.

            	
              TekVoice
                Communications, Inc.

            	
              Common

            	
              6

            	
              $.001

            	
              762,122

            	
              10%

            
	
              NewMarket
                Technology, Inc.

            	
              VirtualHealth
                Technologies, Inc.

            	
              Common

            	
              6122

            	
              $.001

            	
              1,400,000

            	
              3%Unassociated Document

     

    INTELLECTUAL
      PROPERTY SECURITY AGREEMENT

     

    This
      INTELLECTUAL PROPERTY SECURITY AGREEMENT (as from time to time amended,
      restated, supplemented or otherwise modified, the “Agreement”), dated as
      of November 30, 2007, is made by NewMarket Technology, Inc.
      (“NewMarket”), IP Global Voice, Inc. (“IP Global”), Netsco, Inc.
      (“Netsco”), NewMarket China, Inc. (“NewMarket China”), NewMarket
      Broadband, Inc. (“NewMarket Broadband”) and NewMarket Intellectual
      Property, Inc. (“NewMarket IP” and together with NewMarket, IP Global,
      Netsco, NewMarket China, NewMarket Broadband and NewMarket IP, the
“Grantors” and each, a “Grantor”) in favor of LV Administrative
      Services, Inc., a Delaware corporation, as administrative and collateral agent
      for the Lenders (as defined in the Security Agreement referred to below) (the
      “Agent”).

     

    WHEREAS,
      pursuant to that certain Security Agreement dated as of the date hereof (as
      amended, restated, supplemented and/or otherwise modified from time to time,
      the
“Security Agreement”) by and among Grantors, the Lenders party thereto
      from time to time and the Agent, the Lenders have agreed to provide financial
      accommodations to Grantors; and

     

    WHEREAS,
      Creditor Parties are willing to enter into the Security Agreement only upon
      the
      condition, among others, that Grantors shall have executed and delivered to
      Agent this Agreement.

     

    NOW,
      THEREFORE, in consideration of the premises and mutual covenants herein
      contained and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, each Grantor hereby agrees as
      follows:

     

    Section
      1.  DEFINED
      TERMS; RULES OF CONSTRUCTION.

     

    
      	
              (a)  

            	
              Capitalized
                terms used in this Agreement but not otherwise defined herein have
                the
                meanings given to them in the Security
                Agreement.

            

    

     

    
      	
              (b)  

            	
              When
                used herein the following terms shall have the following
                meanings:

            

    

     

    “Copyrights”
      means all copyrights arising or protected under the laws of the United States,
      any other country or any political subdivision thereof, whether registered,
      or
      unregistered and whether published or unpublished, all registrations and
      recordings therefor, and all applications in connection therewith, including
      but
      not limited to all registrations, recordings and applications in the United
      States Copyright Office, any State, or any similar office or agency of the
      United States, any State, any other country or political subdivision, or any
      other registry.

     

    “Copyright
      Licenses” means all agreements pursuant to which any Grantor is licensor or
      licensee, granting any right under any Copyright, including but not limited
      to,
      rights to manufacture, reproduce, display, distribute, perform, modify or
      otherwise exploit, and sell materials embodying or derived from, any Copyrighted
      work.

     

    “Intellectual
      Property” means any and all of the following, throughout the
      world:  Patents, Trademarks, Copyrights, mask works, designs, trade
      secrets, information, databases, rights of publicity, software, and any other
      proprietary rights and processes; any licenses to use any of the foregoing
      owned
      by a third party including Patent Licenses, Trademark Licenses and Copyright
      Licenses; and registrations, applications and recordings pertaining to any
      of
      the foregoing on any registry;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    “PTO”
      means the United States Patent and Trademark Office and any successor office
      or
      agency.

     

    “Patents”
      means all patents issued by the PTO, any similar office or agency of the United
      States, any State, or any other country or political subdivision or other
      registry, all recordings thereof, and all applications therefor.

     

    “Patent
      Licenses” means all agreements pursuant to which any Grantor is licensor or
      licensee, granting any right to manufacture, have made, import, use, or sell
      any
      invention covered in whole or in part by a Patent.

     

    “Trademarks”
      means all trademarks, trade names, corporate names, business names, fictitious
      business names, Internet Domain Names, trade styles, services marks, logos
      and
      other source or business identifiers, arising or protected under the laws of
      the
      United States, any State any other country or political subdivision thereof,
      whether registered or unregistered, and all goodwill connected with the use
      of
      and symbolized thereby, all registrations and recordings thereof, and all
      applications therefor, in the PTO, in any similar office or agency of the United
      States, any State, any other country or political subdivision, any Internet
      Domain Name registrar, or any other registry.

     

    “Trademark
      Licenses” mean all agreements pursuant to which any Grantor is licensor or
      licensee, granting any right to use a Trademark.

     

    
      	
              (c)  

            	
              All
                Schedules, Addenda, Annexes and Exhibits hereto or expressly identified
                to
                this Agreement are incorporated herein by reference and taken together
                with this Agreement constitute but a single agreement.  The
                words “herein”, “hereof” and “hereunder” or other words of similar import
                refer to this Agreement as a whole, including the Exhibits, Addenda,
                Annexes and Schedules thereto, as the same may be from time to time
                amended, modified, restated or supplemented, and not to any particular
                section, subsection or clause contained in this
                Agreement.  Wherever from the context it appears appropriate,
                each term stated in either the singular or plural shall include the
                singular and the plural, and pronouns stated in the masculine, feminine
                or
                neuter gender shall include the masculine, the feminine and the
                neuter.  The term “or” is not exclusive.  The term
                “including” (or any form thereof) shall not be limiting or
                exclusive.  All references to statutes and related regulations
                shall include any amendments of same and any successor statutes and
                regulations.  All references in this Agreement or in the
                Schedules, Addenda, Annexes and Exhibits to this Agreement to sections,
                schedules, disclosure schedules, exhibits, and attachments shall
                refer to
                the corresponding sections, schedules, disclosure schedules, exhibits,
                and
                attachments of or to this Agreement.  All references to any
                instruments or agreements, including references to any of this Agreement,
                the Security Agreement or the Ancillary Agreements shall include
                any and
                all modifications or amendments thereto and any and all extensions
                or
                renewals thereof.

            

    

     

    
      	
              (d)  

            	
              The
                parties acknowledge that each party and its counsel have reviewed
                this
                Agreement and that the normal rule of construction to the effect
                that any
                ambiguities are to be resolved against the drafting party shall not
                be
                employed in the interpretation of this Agreement or any amendments,
                schedules or exhibits thereto.

            

    

     

    
      	
              (e)  

            	
              In
                the event of an irreconcilable conflict between the terms of this
                Agreement and the terms of the Security Agreement, the Agent shall
                have
                the right to determine which Agreement shall govern with respect
                to each
                such conflict.

            

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    Section
      2.  GRANT
      OF SECURITY INTEREST IN INTELLECTUAL PROPERTY COLLATERAL.  To
      secure the prompt payment to the Creditor Parties of the Obligations of the
      Grantors now or hereafter existing from time to time, each Grantor hereby
      pledges and grants to the Agent, for the ratable benefit of the Creditor
      Parties, a continuing security interest in and Lien upon all of such Grantor’s
      right, title and interest in, to and under the following, whether presently
      existing or hereafter created or acquired (collectively, the
“Collateral”):

     

    
      	
              (a)  

            	
              Trademarks
                and Trademark Licenses to which it is a party including those referred
                to
                on Schedule I hereto;

            

    

     

    
      	
              (b)  

            	
              Patents
                and Patent Licenses to which it is a party, including those referred
                to on
                Schedule II hereto;

            

    

     

    
      	
              (c)  

            	
              Copyrights
                and Copyright Licenses to which it is a party, including those referred
                to
                on Schedule III hereto;

            

    

     

    
      	
              (d)  

            	
              Intellectual
                Property not covered by the foregoing, including those referred to
                on
                Schedule IV hereto;

            

    

     

    
      	
              (e)  

            	
              Renewals,
                reissues, continuations, divisions, or extensions of any of the
                foregoing;

            

    

     

    
      	
              (f)  

            	
              Rights
                to sue third parties for past, present or future infringement, dilution,
                misappropriation, or other violation of rights in any Intellectual
                Property, including injury to the goodwill associated with any Trademark,
                and all causes of action for the
                same:

            

    

     

    
      	
              (g)  

            	
              All
                products and Proceeds of all or any of the foregoing, tort claims
                and all
                claims and other rights to payment including (i) insurance claims
                against
                third parties for loss of, damage to, or destruction of, the foregoing
                Collateral and (ii) payments due or to become due under licenses
                of any or
                all of the foregoing and Proceeds payable under, or unearned premiums
                with
                respect to policies of insurance in whatever form; provided,
                however, that the Collateral shall not constitute a grant of a
                security interest in (a) any property to the extent that such grant
                of a
                security interest is prohibited by any rule of law, statute or regulation,
                requires a consent not obtained of any government, governmental body
                or
                official or is prohibited by, or constitutes a breach or default
                under or
                results in the termination of or requires any consent not obtained
                under,
                any contract, license, agreement, instrument or other document evidencing
                or giving rise to such property, except to the extent that such rule
                of
                law, statute or regulation or the term in such contract, license,
                agreement, instrument or other document or shareholder or similar
                agreement providing for such prohibition, breach, default or termination
                or requiring such consent is ineffective under applicable law; and
                (b) any
                trademark or service mark applications filed in the PTO on the basis
                of
                any Grantor’s intent to use such trademark or service mark, unless and
                until a statement of use or amendment to allege use is filed in the
                PTO,
                in which event, such trademark or service mark shall automatically
                be
                included in the Collateral.

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    Section
      3.  REPRESENTATIONS
      AND WARRANTIES.

     

    Each
      Grantor represents and warrants to Agent, in addition to the representations
      and
      warranties in Security Agreement and Ancillary Agreements, that:

     

    
      	
              (a)  

            	
              Such
                Grantor does not own, in whole or in part, any Patent, Trademark,
                Copyright, or other Intellectual Property which is the subject of
                a
                registration or application in the United States Patent and Trademark
                Office, United States Copyright Office, any similar office or agency
                of
                the United States, any State, any other country or political subdivision,
                any Internet Domain Name registrar, or any other registry, except
                as set
                forth in Schedule I, Schedule II,Schedule III, and
                Schedule IV, respectively,
                hereto.

            

    

     

    
      	
              (b)  

            	
              such
                Grantor is the sole owner of the Intellectual Property listed on
                Schedules I to IV hereto (as such schedules may be amended or
                supplemented from time to time) identified as owned by such Grantor,
                and
                all registrations and applications for such Intellectual Property
                are
                standing in the name of such
                Grantor.

            

    

     

    
      	
              (c)  

            	
              no
                Intellectual Property has been licensed or sublicensed by any Grantor
                to
                any Affiliate or third party, except under the licenses disclosed
                in
                Schedules I to IV hereto.

            

    

     

    
      	
              (d)  

            	
              all
                Intellectual Property owned by such Grantor, including the items
                set forth
                on Schedules I to IV, and, to such Grantor’s knowledge, all
                Intellectual Property licensed to such Grantor, is subsisting in
                good
                standing, valid, and enforceable and such Grantor performed all acts
                and
                has paid all renewal, maintenance, and other fees and taxes required
                to
                maintain, each registration and application for Intellectual Property
                owned by such Grantor in full force and
                effect.

            

    

     

    
      	
              (e)  

            	
              such
                Grantor has been using statutory notice of registration in connection
                with
                its use of registered Trademarks, proper marking practices in connection
                with the use of Patents, and appropriate notice of copyright in connection
                with the publication of Copyrighted material
                ;

            

    

     

    
      	
              (f)  

            	
              such
                Grantor has taken all actions necessary to insure that all licensees
                of  Trademarks owned by such Grantor use consistent standards of
                quality as directed by Grantor in connection with their licensed
                products
                and services;

            

    

     

    
      	
              (g)  

            	
              this
                Agreement is effective to create a valid security interest in favor
                of
                Agent, for the benefit of the Creditor Parties, in all of Grantor’s
                Intellectual Property.  Upon the (i) filing of this Intellectual
                Property Security Agreement in the PTO (with respect to the United
                States
                Patents set forth on Schedule I hereto and the United States
                Trademarks set forth on Schedule II hereto), and in the United
                States Copyright Office (with respect to the United States Copyrights
                set
                forth on Schedule III hereto), and (ii) the filing of all
                appropriate UCC-1 financing statements, such security interest will
                be
                enforceable as such as against any and all creditors of, and purchasers
                from, Grantor.  Upon the making of such filings set forth above,
                all action necessary or desirable to protect and perfect Agent’s Lien on
                each Grantor’s United States and State Patents, Trademarks, and
                Copyrights, shall have been taken.

            

    

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    Section
      4.  COVENANTS.  Each
      Grantor covenants and agrees with Agent, from and after the date of this
      Agreement, and in addition to the covenants in Security Agreement and Ancillary
      Agreements, that:

     

    
      	
              (a)  

            	
              Such
                Grantor shall notify Agent immediately if it knows or has reason
                to know
                that any application or registration relating to any Intellectual
                Property
                owned by such Grantor may become abandoned, dedicated to the public,
                placed in the public domain or otherwise invalidated or unenforceable,
                or
                of any adverse determination or development in any proceeding (including
                the institution of any proceeding) in the PTO, the United States
                Copyright
                Office, or any similar agency of the United States, any State, or
                other
                country or political subdivision thereof, any Internet Domain registry
                or
                other registry, or any court,  regarding Grantor’s ownership of
                or right to use register, keep and/or maintain any Intellectual
                Property;

            

    

     

    
      	
              (b)  

            	
              Such
                Grantor shall take all actions necessary, or requested by Agent,
                to
                maintain and pursue each application for registration in respect
                of the
                Intellectual Property owned by Grantor from time to time, by including
                filing applications for renewal, affidavits of use, affidavits of
                noncontestability and the commencement and prosecution of opposition
                and
                interference and cancellation
                proceedings;

            

    

     

    
      	
              (c)  

            	
              In
                the event that any Intellectual Property owned by or exclusively
                licensed
                to such Grantor is infringed, diluted, misappropriated, or otherwise
                violated by a third party, such Grantor shall notify Agent promptly
                after
                such Grantor learns thereof and shall promptly take all reasonable
                actions
                to stop the same and enforce its rights in such Intellectual Property
                and
                to recover all damages therefor, including, but not limited to, the
                initiation of a suit for injunctive relief and damages and shall
                take such
                other actions as are reasonable, or as Agent shall deem appropriate
                under
                the circumstances to protect such Grantor’s rights in such Intellectual
                Property:.

            

    

     

    
      	
              (d)  

            	
              Such
                Grantor shall use statutory notice of registration in connection
                with its
                use of registered Trademarks, proper marking practices in connection
                with
                the use of Patents, appropriate notice of copyright in connection
                with the
                publication of Copyrighted materials, and other legends or markings
                applicable to other Intellectual
                Property;

            

    

     

    
      	
              (e)  

            	
              Such
                Grantor shall maintain the level of the quality of products sold
                and
                services rendered under any Trademarks owned by such Grantor at a
                level at
                least consistent with the quality of such products and services as
                of the
                date hereof, and such Grantor shall adequately control the quality
                of
                goods and services offered by any licensees of its Trademarks;
                and

            

    

     

    
      	
              (f)  

            	
              Such
                Grantor shall take all steps necessary to protect the secrecy of
                all trade
                secrets material to its business.

            

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    Section
      5.  SECURITY
      AGREEMENT.  The security interests granted pursuant to this
      Agreement are granted in conjunction with the security interests granted by
      each
      Grantor to Agent, for the ratable benefit of the Creditor Parties, pursuant
      to
      the Security Agreement.  Each Grantor hereby acknowledges and affirms
      that the rights and remedies of Agent with respect to the Collateral made and
      granted herein are more fully set forth in the Security Agreement, the terms
      and
      provisions of which are incorporated by reference herein as if fully set forth
      herein.  Any rights and remedies set forth herein are without
      prejudice to, and in addition to, those set forth in the Security
      Agreement.

     

    Section
      6.  REINSTATEMENT.  This
      Agreement shall remain in full force and effect and continue to be effective
      should any petition be filed by or against any Grantor for liquidation or
      reorganization, should any Grantor become insolvent or make an assignment for
      the benefit of any creditor or creditors or should a receiver or trustee be
      appointed for all or any significant part of such Grantor’s assets, and shall
      continue to be effective or be reinstated, as the case may be, if at any time
      payment and performance of the Obligations, or any part thereof, is, pursuant
      to
      applicable law, rescinded or reduced in amount, or must otherwise be restored
      or
      returned by any obligee of the Obligations, whether as a “voidable preference,”
“fraudulent conveyance,” or otherwise, all as though such payment or performance
      had not been made.  In the event that any payment, or any part
      thereof, is rescinded, reduced, restored or returned, the Obligations shall
      be
      reinstated and deemed reduced only by such amount paid and not so rescinded,
      reduced, restored or returned.

     

    Section
      7.  INDEMNIFICATION.
      Each Grantor assumes all responsibility and liability arising from the use
      of
      the Intellectual Property and Grantors, jointly and severally, hereby indemnify
      and hold Agent and each other Creditor Party harmless from and against any
      claim, suit, loss, damage or expense (inclu­ding reasonable attorneys’ fees)
      arising out of any Grantor’s operations of its business from the use of the
      Intellectual Property.  In any suit, proceeding or action brought by
      Agent under any Patent License, Trademark License, or Copyright License for
      any
      sum owing thereunder, or to enforce any provisions of such License, Grantors
      will, jointly and severally, indemnify and keep Agent and each other Creditor
      Party harmless from and against all expense, loss or damage suffered by reason
      of any defense, set off, counterclaim, recoupment or reduction or liability
      whatsoever of the obligee thereunder, arising out of a breach of any Grantor
      of
      any obligation thereunder or arising out of any other agreement, indebtedness
      or
      liability at any time owing to or in favor of such obligee or its successors
      from any Grantor, and all such obligations of Grantors shall be and remain
      enforceable against and only against Grantors and shall not be enforceable
      against Agent or any other Creditor Party.

     

    Section
      8.  NOTICES.  Whenever
      it is provided herein that any notice, demand, request, consent, approval,
      declaration or other communication shall or may be given to or served upon
      any
      of the parties by any other party, or whenever any of the parties desires to
      give and serve upon any other party any communication with respect to this
      Agreement, each such notice, demand, request, consent, approval, declaration
      or
      other communication shall be in writing and shall be given in the manner, and
      deemed received, as provided for in the Security Agreement.

     

    Section
      9.  TERMINATION
      OF THIS AGREEMENT.  Subject to Section 6 hereof, this Agreement
      shall terminate upon payment in full in cash of all Obligations and irrevocable
      termination of the Security Agreement and the Ancillary Agreements.

     

    Section
      10.  THIS
      AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH
      THE
      LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN
      SUCH
      STATE, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

     

    [Signature
      Page to Follow]

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, each Grantor has executed this Intellectual Property Security
      Agreement as of the date first written above.

     

     

     

     

     

     

     

     

    
      	 	NEWMARKET
              TECHNOLOGY, INC.	 
	 	 	 	 
	
               

            	
              By:
                

            	/s/ Philip
              M. Verges	 
	 	 	Name Philip
              M. Verges	 
	 	 	Title CEO	 
	 	 	 	 
	 	 	 	 

      	 	IP
              GLOBAL VOICE, INC.	 
	 	 	 	 
	
               

            	
              By:
                

            	/s/ Peter
              Geddis	 
	 	 	Name Peter
              Geddis	 
	 	 	Title President	 
	 	 	 	 
	 	 	 	 

    

    
      	 	NETSCO,
              INC.	 
	 	 	 	 
	
               

            	
              By:
                

            	/s/ Philip
              M. Verges	 
	 	 	Name Philip
              M. Verges	 
	 	 	Title President	 
	 	 	 	 

    

    
      	 	 	 	 

      
        	 	NEWMARKET
                CHINA, INC.	 
	 	 	 	 
	
                 

              	
                By:
                  

              	/s/ Philip
                J. Rauch	 
	 	 	Name Philip
                J. Rauch	 
	 	 	Title CFO	 
	 	 	 	 

      

      
        	 	 	 	 

        
          	 	NEWMARKET
                  BROADBAND, INC	 
	 	 	 	 
	
                   

                	
                  By:
                    

                	/s/ Philip
                  M. Verges	 
	 	 	Name Philip
                  M. Verges	 
	 	 	Title President	 
	 	 	 	 
	 	 	 	 

        

        
          	 	NEWMARKET
                  INTELLECTUAL PROPERTY, INC.	 
	 	 	 	 
	
                   

                	
                  By:
                    

                	/s/ Philip
                  M. Verges	 
	 	 	Name Philip
                  M. Verges	 
	 	 	Title President	 
	 	 	 	 

          ACCEPTED
            and ACKNOWLEDGED by:

           

           

        

      

    

    
      	 	LV
              ADMINISTRATIVE
              SERVICES, INC., as Agent	 
	 	 	 	 
	
               

            	
              By:
                

            	/s/ Scott
              Bluestein	 
	 	 	Name Scott
              Bluestein	 
	 	 	Title Authorized
              Signatory	 
	 	 	 	 

    

     

     

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    SCHEDULE
      I

     

    TO

     

    INTELLECTUAL
      PROPERTY SECURITY AGREEMENT

     

    

     

    I.  TRADEMARK
      REGISTRATIONS

    
      	
              GRANTOR

            	
              MARK

            	
              COUNTRY

            	
              REG.
                NO.

            	
              REG.
                DATE

            
	
              NewMarket
                Technology, Inc.

            	
              IPVOICE
                & Design

            	
              USA

            	
              2,531,096

            	
              January
                22, 2002

            
	
              NewMarket
                Technology, Inc.

            	
              AUDITRITE

            	
              USA

            	
              2,519,001

            	
              December
                18, 2001

            
	
              NewMarket
                Technology, Inc.

            	
              TRUECONNECT

            	
              USA

            	
              2,574,849

            	
              June
                4, 2002

            
	
              NewMarket
                Technology, Inc.

            	
              TRUEPARTNER

            	
              USA

            	
              2,474,791

            	
              August
                7, 2001

            
	
              NewMarket
                Technology, Inc.

            	
              IPJACK

            	
              USA

            	
              2,580,563

            	
              June
                18, 2002

            
	
              NewMarket
                Technology, Inc.

            	
              COMMUNICATIONS
                OUT OF THE BOX

            	
              USA

            	
              2,687,704

            	
              February
                18, 2003

            
	
              NewMarket
                Technology, Inc.

            	
              COMMUNICATIONS
                OUT OF THE BOX Stylized

            	
              USA

            	
              2,611,104

            	
              August
                27, 2002

            
	
              NewMarket
                Technology, Inc.

            	
              FLAT5

            	
              USA

            	
              2,523,666

            	
              December
                25, 2001

            
	
              NewMarket
                Technology, Inc.

            	
              FLAT25

            	
              USA

            	
              2,583,913

            	
              June
                18, 2002

            
	
              NewMarket
                Technology, Inc.

            	
              4X4

            	
              USA

            	
              2,465,637

            	
              July
                3, 2001

            

    

     

    II.  TRADEMARK
      APPLICATIONS

     

    None

     

    III.  TRADEMARK
      LICENSES

     

    None

     

    IV.  INTERNET
      DOMAIN NAMES

    
      	
              GRANTOR

            	
              NAME

            	
              REGISTRAR

            	 	 
	
              IP
                Global Voice, Inc.

            	
              corsanet.com

            	
              Network
                Solutions, LLC

            	 	 
	
              IP
                Global Voice, Inc.

            	
              xiptel.com

            	
              Godaddy.com

            	 	 
	
              IP
                Global Voice, Inc.

            	
              xiptel.net

            	
              Godaddy.com

            	 	 
	
              IP
                Global Voice, Inc.

            	
              xiptel.org

            	
              Godaddy.com

            	 	 
	
              IP
                Global Voice, Inc.

            	
              ip-gv.com

            	
              Godaddy.com

            	 	 
	
              IP
                Global Voice, Inc.

            	
              ip-gv.net

            	
              Godaddy.com

            	 	 
	
              IP
                Global Voice, Inc.

            	
              ipglobalvoice.com

            	
              Godaddy.com

            	 	 

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    SCHEDULE
      II

     

    TO

     

    INTELLECTUAL
      PROPERTY SECURITY AGREEMENT

     

    I.  PATENTS

     

    None

     

    II.  PATENT
      APPLICATIONS

     

    None

     

    III.  PATENT
      LICENSES

    

    None

     

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    SCHEDULE
      III

     

    TO

     

    INTELLECTUAL
      PROPERTY SECURITY AGREEMENT

     

    IV.  COPYRIGHT
      REGISTRATIONS

     

    None

     

    V.  COPYRIGHT
      APPLICATIONS

     

    None

     

    III.           COPYRIGHT
      LICENSES

     

    None

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    SCHEDULE
      IV

     

    TO

     

    INTELLECTUAL
      PROPERTY SECURITY AGREEMENT

     

    OTHER
      INTELLECTUAL PROPERTY REGISTRATIONS AND APPLICATIONS.

     

    None

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00133-of-00352.parquet"}]]