Document:

Stock Pledge and Escrow Agreement

 Exhibit 10.02 
 STOCK PLEDGE AND ESCROW AGREEMENT 
 THIS STOCK PLEDGE
AND ESCROW AGREEMENT (this “Agreement”), dated as of April 1,, 2010, is made by and between AMHN, INC., a Utah corporation, (“Pledgor”), and SEATAC DIGITAL RESOURCES, INC., a Delaware corporation
(“Seatac”). All capitalized terms used herein without definitions shall have the respective meanings ascribed to them in the Note Purchase Agreement of even date herewith by and between Seatac and Pledgor (the “Note Purchase
Agreement”). 
 RECITALS 
 A. Pledgor is the legal and beneficial owner of the Pledged Interests (as hereinafter defined) hereby pledged by Pledgor. 
 B. Pursuant to a Note Purchase Agreement and a 4% Secured Promissory Note due June 30, 2010 issued by Pledgor to Seatac (as amended or modified from time to time, the “Note”), Seatac
has made an $800,000 loan (the “Loan”) to Pledgor. 
 C. In order to secure the full and prompt payment when
due (whether at the stated maturity, by acceleration or otherwise) of the Note and to secure all of the Company’s Obligations (as hereinafter defined) to Seatac, the Pledgor has agreed to irrevocably pledge to Seatac the Pledged Interests (as
hereinafter defined). 
 D. It is a condition precedent to Seatac making the Loan that Pledgor execute and deliver to Seatac a
stock pledge and escrow agreement in the form hereof. This is the Stock Pledge and Escrow Agreement referred to in the Note Purchase Agreement. 
 AGREEMENTS 
 In consideration of the recitals and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Pledgor hereby agrees with Seatac, as follows: 
 1. Defined Terms. All terms defined in the Uniform Commercial Code in effect from time to time in the State and used herein shall have the same definitions herein as specified therein; provided, however, if a term is defined in
Article 9 of the Uniform Commercial Code of the State differently than in another Article of the Uniform Commercial Code of the State, the term has the meaning specified in Article 9. As used herein, the following terms have the following meanings:

 “Code” means the Uniform Commercial Code from time to time in effect in the State. 
 “Collateral” means the Pledged Interests and all Proceeds. 
 “Issuer” means each issuer of Pledged Interests listed on Schedule 1 hereto. 
 “Obligations” shall mean (a) the principal of, and interest on, the Note, and any renewal, extension or refinancing
thereof; (b) all debts, liabilities, obligations, covenants and agreements of Pledgor contained in the Transaction Documents; and (c) any and all other debts, liabilities and obligations of Pledgor to Seatac. 
 “Pledged Interests” means the membership interests, shares of capital stock or other equity interests listed on Schedule
1 hereto, together with all membership or stock certificates, options or rights of any nature whatsoever that may be issued or granted by Issuer to Pledgor in respect of the Pledged Interests while this Agreement is in effect. 

 “Proceeds” means all “proceeds” as such term is defined in
Section 9-102 of the Code and shall include, without limitation, all dividends or other income from the Pledged Interests, collections thereon, or distributions with respect thereto. 
 “Securities Act” means the Securities Act of 1933, as amended. 
 “State” means the State of California. 
 2. Pledge; Grant of Security Interest. Pledgor hereby grants to Seatac a first priority security interest in the Collateral as security for the prompt and complete performance of all of the
Obligations. Pledgor hereby asserts that this Agreement is not in conflict with the bylaws of the Company. 
 3. Escrow of
Pledged Interests. Simultaneously with the execution of the Transaction Documents, the Pledgor hereby delivers to Smith & Associates (“the Escrow Agent”) certificates representing the Pledged Interests, together with duly
executed stock powers or other appropriate transfer documents executed in blank by the Pledgor. Such stock certificates shall be held by the Escrow Agent until released pursuant to the terms of Section 4 below. 
 4. Release of Pledged Interests from Escrow. Upon the payment of all amounts due to Seatac under the Note in accordance with its
terms, Seatac and Pledgor shall jointly notify the Escrow Agent to such effect in writing. Upon receipt of such written notice, the Escrow Agent shall return to the Pledgor the certificates representing the Pledged Interests, whereupon any and all
rights of Seatac in the Pledged Interests shall be terminated. Notwithstanding anything to the contrary contained herein, upon the payment of all amounts due to Seatac under the Note in accordance with its terms, Seatac’s security interest and
rights in and to the Pledged Interests shall terminate. 
 5. Concerning the Escrow Agent. 
 (a) Disputes. If any dispute arises with respect to the Pledged Interests or this Agreement, or if any disagreements arise among the
parties hereto with respect to the interpretation of this Agreement, or concerning their rights and obligations hereunder, or the propriety of any action contemplated by the Escrow Agent hereunder, or if the Escrow Agent in good faith is in doubt
what action should be taken hereunder, the Escrow Agent shall not be obligated to resolve the dispute or disagreement or to release the Pledged Interests, but may commence an action in the nature of an interpleader and seek to deposit the Pledged
Interests with a court of competent jurisdiction, and thereby be discharged from any further duty or obligation with respect to the Pledged Interests. Upon the interpleader action being properly brought, all parties being joined and the Pledged
Interests being deposited with the court, the Escrow Agent shall be discharged from any obligations accruing thereafter with respect to the Pledged Interests. The Escrow Agent, in its sole discretion, may, in lieu of filing such action in
interpleader, elect to cease performance under this Agreement in connection with any instruction or notice received regarding the release of the Pledged Interests until the Escrow Agent has received: (a) a written notice of resolution of such
dispute or disagreement signed by the parties to such dispute or disagreement, or (b) a certified copy of a final judgment of a court of competent jurisdiction, provided, however, that a certified copy of a final judgment shall serve as a valid
determination only if the time for appeal has expired and no appeal has been perfected or all appeals have been exhausted or no right of appeal exists. 
  

 2 

 (b) Extent of Duties of Escrow Agent. 
 (i) The Escrow Agent shall be responsible only for performance of its duties as specified in this Agreement, and no implied covenants,
duties or obligations shall bind or be enforceable against the Escrow Agent. The Escrow Agent shall not be liable to any person or entity for any act or failure to act unless due to the Escrow Agent’s willful misconduct. 
 (ii) Subject to Section 5(b)(i) hereof, the Escrow Agent shall not be liable for any action taken or omitted by it, or any action
suffered by it to be taken or administered in good faith and in the exercise of its own best judgment, and may rely conclusively and shall be protected in acting in good faith upon any order, notice, demand, certificate, advice of counsel (including
counsel selected by the Escrow Agent), statement, instrument, report or other document (not only as to its due execution and the validity and effectiveness thereof, but also as to the truth and acceptability of any information therein contained)
which is reasonably believed by the Escrow Agent to be genuine and to be signed by the proper person or persons. 
 (iii)
Pledgor and Seatac shall indemnify the Escrow Agent and hold it harmless from any and all claims, liabilities, damages, losses, or any other expenses, fees or charges of any character or nature, which it may incur or with which it may be threatened
by reason of its acting as Escrow Agent under this Agreement, including but not limited to any and all damages, costs, losses and other expenses, including reasonable attorneys’ fees and expenses, resulting from or arising in connection with
any action, suit, or proceeding incident to the Escrow Agent’s acting as such hereunder, unless such action, suit or proceeding relates to the Escrow Agent’s willful misconduct. 
 (c) Conflict Waiver. THE PLEDGOR HEREBY ACKNOWLEDGES THAT THE ESCROW AGENT IS ACTING AS LEGAL COUNSEL TO SEATAC IN CONNECTION WITH
THE TRANSACTIONS CONTEMPLATED AND REFERRED TO HEREIN. THE PLEDGOR AGREES THAT IN THE EVENT OF ANY DISPUTE ARISING IN CONNECTION WITH THIS AGREEMENT OR OTHERWISE IN CONNECTION WITH ANY TRANSACTION OR AGREEMENT CONTEMPLATED AND REFERRED TO HEREIN, THE
ESCROW AGENT SHALL BE PERMITTED TO CONTINUE TO REPRESENT SEATAC AND THE PLEDGOR WILL NOT SEEK TO DISQUALIFY SUCH COUNSEL AND WAIVES ANY OBJECTION PLEDGOR MIGHT HAVE WITH RESPECT TO THE ESCROW AGENT ACTING AS THE ESCROW AGENT PURSUANT TO THIS
AGREEMENT AND LEGAL COUNSEL TO SEATAC. 
 6. Representations and Warranties. Pledgor represents and warrants that:

 (a) all the shares of such Pledged Interests have been duly and validly issued and are fully paid and nonassessable;

 (b) Pledgor is the record and beneficial owner of, and has good and marketable title to, such Pledged Interests, free of any
and all liens or options in favor of, or claims of, any other person, except the security interest created by this Agreement; and 
 (c) upon either (i) the delivery to Seatac of the stock or membership interest certificates evidencing such Pledged Interests and the stock or membership interest powers or (ii) the filing of a financing statement listing Pledgor
as debtor and Seatac as secured party and describing the Collateral, the security interest created by this Agreement will constitute a valid, perfected first priority security interest in the Collateral granted by Pledgor, enforceable in accordance
with its terms against all creditors of Pledgor and any persons purporting to purchase any Collateral from Pledgor, except as

  

 3 

 
affected by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable
principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 
 7. Covenants. Pledgor covenants and agrees with Seatac that, from and after the date of this Agreement until the Obligations are performed in full: 
 (a) If Pledgor shall, as a result of its ownership of any Pledged Interests, become entitled to receive or shall receive any stock or membership interest certificate (including, without limitation, any
certificate representing a stock or membership interest dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization), option or rights, whether
in addition to, in substitution of, as a conversion of, or in exchange for any shares of any Pledged Interests, or otherwise in respect thereof, Pledgor shall accept the same as the agent of Seatac, hold the same in trust for Seatac and deliver the
same forthwith to Seatac in the exact form received, duly indorsed by Pledgor to Seatac, if required, together with an undated stock or membership interest power covering such certificate duly executed in blank by Pledgor, to be held by Seatac,
subject to the terms hereof, as additional collateral security for the Obligations of Pledgor. Any property distributed to Pledgor upon or in respect of any Pledged Interests upon the liquidation, dissolution, recapitalization or reorganization of
an Issuer, shall be delivered to Seatac as additional collateral security for the Obligations of Pledgor. If any property distributed in respect of any Pledged Interests shall be received by Pledgor while an Event of Default exists, Pledgor shall,
until such property is delivered to Seatac, hold the property in trust for Seatac, segregated from other property of Pledgor, as additional collateral security for the Obligations of Pledgor. 
 (b) Without the prior written consent of Seatac, Pledgor shall not vote to enable, or take any other action to permit, an Issuer to issue
any stock or membership interest or other equity securities of any nature or to issue any other securities convertible into or granting the right to purchase or exchange for any stock or membership interest or other equity securities of any nature
of an Issuer, sell, assign, transfer, exchange, or otherwise dispose of, or grant any option with respect to, the Collateral, or 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 Pledgor and except for the security interests created by this Agreement. Pledgor will defend the right, title and interest of Seatac in and to the Collateral against the claims and demands of all
persons whomsoever. 
 (c) At any time and from time to time, upon the written request of Seatac to Pledgor, and at its sole
expense, Pledgor will promptly and duly execute and deliver such further instruments and documents and take such further actions as Seatac 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 or chattel paper, such note, instrument or chattel paper shall be
immediately delivered to Seatac, duly endorsed in a manner satisfactory to Seatac, to be held as Collateral pursuant to this Agreement. 
 (d) Pledgor shall pay, and save Seatac 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 granted by Pledgor or in connection with any of the transactions contemplated by this Agreement. 
 (e) Pledgor covenants and agrees to comply with the requirements set forth in Articles VII and VIII of the Note Purchase Agreement. 
  

 4 

 8. Voting Rights. Unless an Event of Default shall have occurred and be continuing,
and written notice that Seatac intends to exercise voting rights is given to Pledgor by Seatac, Pledgor shall be permitted to exercise all voting and related rights with respect to such Pledged Interests; provided, however, that no
vote shall be cast or related right exercised or other action taken which, in the reasonable judgment of Seatac, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of this Agreement.

 9. Rights of Seatac. If an Event of Default shall occur and be continuing, Seatac shall have the right to have any or
all shares of Pledged Interests registered in its name or the name of its nominee, and Seatac or its nominee may thereafter exercise all voting, related and other rights pertaining to such Pledged Interests at any meeting of members or shareholders
of an Issuer or otherwise and any and all rights of conversion, exchange, subscription and any other rights, privileges or options pertaining to such Pledged Interests as if it were the absolute owner thereof (including, without limitation, the
right to exchange at its discretion any and all of the Pledged Interests upon the merger, consolidation, reorganization, recapitalization or other fundamental change in the corporate or limited liability company structure of an Issuer, or upon the
exercise by Pledgor or Seatac of any right, privilege or option pertaining to such Pledged Interests, and in connection therewith, the right to deposit and deliver any and all of such Pledged Interests with any committee, depositary, transfer agent,
registrar or other designated agency upon such terms and conditions as Seatac may determine). 
 The rights of Seatac hereunder
shall not be conditioned or contingent upon the pursuit by Seatac of any right or remedy against an Issuer or any obligor or against any other person which may be or become liable in respect of all or any part of the Obligations or against any
collateral security therefor, guarantee thereof or right of offset with respect thereto. Seatac 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 Seatac
be under any obligation to sell or otherwise dispose of any Collateral upon the request of Pledgor or any other person or to take any other action whatsoever with regard to the Collateral or any part thereof. 
 10. Remedies; Sale Proceeds. 
 (a) If an Event of Default shall occur and be continuing, Seatac may exercise, in addition to all other rights and remedies granted in this Agreement, all rights and remedies of a secured party under the
Code as Seatac deems advisable. Without limiting the generality of the foregoing, Seatac, without demand of performance or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to
below) to or upon Pledgor, an Issuer, any obligor or any other person (all and each of which demands, defenses, advertisements and notices are hereby waived), may in such circumstances forthwith collect, receive, appropriate and realize upon the
Collateral, or any part thereof, and/or may forthwith sell, assign, give option or options to purchase or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of the foregoing), in one or more parcels at public
or private sale or sales, in the over-the-counter market, at any exchange, broker’s board or office of Seatac or elsewhere upon such terms and conditions as it may deem advisable and at such prices as are commercially reasonable, for cash or on
credit or for future delivery without assumption of any credit risk. 
 Seatac shall have the right upon any such public sale or
sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption in Pledgor, which right or equity is hereby waived or released.
If any notice of a proposed sale or other disposition of Collateral shall be required by law, such notice shall be deemed reasonable and proper if given at least ten (10) days before such sale or other disposition. 
  

 5 

 (b) Seatac shall apply any Proceeds from time to time held by it and the net proceeds of any
such collection, recovery, receipt, appropriation, realization or sale, after deducting all costs and expenses of every kind incurred in respect thereof or incidental to the care or safekeeping of any of the Collateral or in any way relating to the
Collateral or the rights of Seatac hereunder, including, without limitation, attorneys’ fees and disbursements of counsel (including in-house counsel) to Seatac, to the payment in whole or in part of the Obligations, as Seatac may otherwise
decide, and only after such application and after the payment by Seatac of any other amount required by any provision of law, including, without limitation, Section 9-615(4)(a) of the Code, need Seatac account for the surplus, if any, to
Pledgor. To the extent permitted by applicable law, Pledgor waives all claims, damages and demands it may acquire against Seatac arising out of the exercise by it of any rights hereunder, except such claims and damages arising out of the gross
negligence or willful misconduct of Seatac. Pledgor shall remain liable for any deficiency if the proceeds of any sale or other disposition of Collateral are insufficient to pay the Obligations of Pledgor and the fees and disbursements of any
attorneys employed by Seatac to collect such deficiency. 
 11. Private Sales. 
 (a) Pledgor recognizes that Seatac may be unable to effect a public sale of any or all the Pledged Interests, by reason of certain
prohibitions contained in the Securities Act and applicable state securities laws or otherwise, and may be compelled to resort to one or more private sales thereof to a restricted group of purchasers which will be obliged to agree, among other
things, to acquire such securities for their own account for investment and not with a view to the distribution or resale thereof. Pledgor acknowledges and agrees that any such private sale may result in prices and other terms less favorable than if
such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall not be deemed to have been made in a commercially unreasonable manner solely by virtue of such private sale. Seatac shall be under no
obligation to delay a sale of any of the Pledged Interests for the period of time necessary to permit the applicable Issuer thereof to register such securities for public sale under the Securities Act, or under applicable state securities laws, even
if such Issuer would agree to do so. 
 (b) Pledgor further agrees to use its best efforts to do or cause to be done all such
other acts as may be necessary to make such sale or sales of all or any portion of the Pledged Interests pursuant to this section valid and binding and in compliance with any and all other applicable requirements of law, except that Pledgor shall
not be obligated to register the Pledged Interests under state or federal securities laws. Pledgor further agrees that a breach of any of the covenants contained in this Section will cause irreparable injury to Seatac, that Seatac has no adequate
remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section 9 shall be specifically enforceable against Pledgor, and Pledgor hereby waives and agrees not to assert any defenses against
an action for specific performance of such covenants except for a defense that no Event of Default has occurred. 
 12.
Irrevocable Authorization and Instruction to Issuer. Pledgor hereby authorizes and instructs each Issuer of its Pledged Interests to comply with any instruction received by it from Seatac in writing that (a) states that an Event of
Default exists and (b) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from Pledgor, and Pledgor agrees that Issuer shall be fully protected in so complying. 
 13. Seatac’s Appointment as Attorney-in-Fact. Pledgor hereby irrevocably constitutes and appoints Seatac and any officer or
agent of Seatac, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of Pledgor and in the name of Pledgor or in the name of Seatac, from time to time in the
discretion of Seatac so long as an

  

 6 

 
Event of Default exists, for the purpose of carrying out the terms of this Agreement, 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, including, without limitation, any financing statements, endorsements, assignments or other instruments of transfer. 
 Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in this Section 13. All powers, authorizations and agencies contained
in this Agreement are coupled with an interest and are irrevocable until the Obligations are performed in full. 
 14. Duty
of Seatac. The sole duty of Seatac with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the Code or otherwise, shall be to deal with it in the same manner as Seatac
deals with similar securities and property for its own account. Neither Seatac 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 Pledgor or any other person or to take any other action whatsoever with regard to the Collateral or any part thereof. 
 15. Filing Financing Statements. Pledgor authorizes Seatac to file financing statements with respect to the Collateral without the
signature of Pledgor in such form and in such filing offices as Seatac reasonably determines appropriate to perfect the security interests of Seatac under this Agreement. 
 16. Notices. All notices, requests and demands to or upon Seatac, Pledgor or Issuer (to be delivered care of the Pledgor) to be effective shall be delivered in the manner set forth in
Section 12.6 of the Note Purchase Agreement. 
 17. Severability. Any provision of this Agreement which 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. 
 18. Amendments
in Writing; No Waiver; Cumulative Remedies. Seatac shall not by any act (except by a written instrument signed by Seatac), delay, indulgence, omission or otherwise 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 Seatac, 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 Seatac of any right or remedy hereunder on any one occasion shall
not be construed as a bar to any right or remedy which Seatac 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. 
 19. Section Headings. The section 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. 
 20.
Successors and Assigns. This Agreement shall be binding upon the successors and assigns of Pledgor and shall inure to the benefit of Seatac and their successors and assigns. 
 21. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE
STATE OF CALIFORNIA WITHOUT GIVING EFFECT TO ITS CONFLICTS OF LAW PROVISIONS. 
  

 7 

 22. Consent to Jurisdiction and Venue. All actions or proceedings brought against
Pledgor with respect to this Agreement may be brought only in courts of the State of California located in Los Angeles County and Pledgor consents to the jurisdiction of such courts. Pledgor waives any objection it may now or hereafter have to the
venue of any such court and any right it may have now or hereafter have to claim that any such action or proceeding is in an inconvenient court. 
 23. WAIVER OF RIGHT TO JURY TRIAL. PLEDGOR AND SEATAC ACKNOWLEDGE AND AGREE THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS PLEDGE AGREEMENT WOULD BE BASED UPON DIFFICULT AND COMPLEX ISSUES AND,
THEREFORE, PLEDGOR AND SEATAC AGREE THAT ANY LAWSUIT ARISING OUT OF ANY SUCH CONTROVERSY SHALL BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY. 
 (Signature page follows) 
  

 8 

 IN WITNESS WHEREOF, the undersigned has caused this Pledge and Escrow Agreement to be duly
executed and delivered as of the date first above written. 
  

			
	AMHN, INC.
		
	By:	 	   /s/ Robert Cambridge

		 	Robert Cambridge, Chief Executive Officer
	
	SEATAC DIGITAL RESOURCES, INC.
		
	By:	 	   /s/ Robin Tjon

		 	Robin Tjon, President
	
	Accepted and Agreed by:
	
	ESCROW AGENT:
	SMITH & ASSOCIATES
	
	 /s/ John Holt Smith

	John Holt Smith

 Signature
Page to Pledge Agreement 

 SCHEDULE 1 
 TO PLEDGE AGREEMENT 
 DESCRIPTION OF PLEDGED
INTERESTS 
  

							
	 Issuer
	  	 Class of Interest
	  	Stock
Certificate
No(s).	  	No. of Shares Pledged
				
	 America’s Minority Health Network, Inc.
	  	Common Stock	  	1	  	1,000

 ACKNOWLEDGMENT AND CONSENT 
 The undersigned is the Issuer referred to in the foregoing Stock Pledge and Escrow Agreement and hereby acknowledges receipt of a copy of
the Stock Pledge and Escrow Agreement, dated as of April 1, 2010, made by Pledgor (as defined therein) in favor of Seatac (as defined therein) (as amended, supplemented or otherwise modified from time to time, the “Pledge
Agreement”). The undersigned agrees for the benefit of Seatac as follows: 
 1. The undersigned will be bound by the
terms of the Pledge Agreement and will comply with such terms insofar as such terms are applicable to the undersigned. 
 2. The
undersigned will notify Seatac promptly in writing of the occurrence of any of the events described in paragraph 5(a) of the Pledge Agreement. 
  

			
	AMERICA’S MINORITY HEALTH NETWORK, INC.
		
	By:	 	   /s/ Robert Cambridge

		 	       Robert Cambridge, Treasurer

 Acknowledgment and Consent to Pledge AgreementSecurity Agreement

 Exhibit 10.03 
 SECURITY AGREEMENT 
 THIS SECURITY AGREEMENT (this
“Security Agreement”) is made as of April 1, 2010 by and between AMHN, INC., a Utah corporation (“Debtor”), and SEATAC DIGITAL RESOURCES, INC., a Delaware corporation (“Seatac”). 
 RECITALS 
 A. Pursuant to a Note Purchase Agreement of even date herewith by and between Seatac and Debtor (as amended or modified from time to time, the “Note Purchase Agreement”) and a 4% Secured Promissory Note due June 30,
2010 issued by Debtor to Seatac (as amended or modified from time to time, the “Note”), Seatac has made an $800,000 loan (the “Loan”) to Debtor. 
 B. It is a condition precedent to Seatac making the Loan that Debtor execute and deliver to Seatac a security agreement in the form hereof.
This is the Security Agreement referred to in the Note Purchase Agreement. 
 AGREEMENTS 
 In consideration of the Recitals and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Debtor hereby agrees with Seatac as follows: 
 ARTICLE I 
 DEFINITIONS 
 Capitalized terms not defined herein shall have the meaning given to them in the Note Purchase Agreement. Terms not otherwise defined herein and defined in the UCC shall have, unless the context otherwise requires, the meanings set forth in
the UCC as in effect on the date hereof (except that the term “document” shall only have the meaning set forth in the UCC for purposes of clause (d) of the definition of Collateral). When used in this Security Agreement, the following
terms shall have the following meanings: 
 Accounts. “Accounts” shall mean all accounts, including without
limitation all rights to payment for goods sold or services rendered that are not evidenced by instruments or chattel paper, whether or not earned by performance, and any associated rights thereto. 
 Collateral. “Collateral” shall mean all personal properties and assets of Debtor, wherever located, whether tangible or
intangible, and whether now owned or hereafter acquired or arising, including without limitation: 
 (a) all Inventory and
documents relating to Inventory; 
 (b) all Accounts and documents relating to Accounts; 
 (c) all equipment, fixtures and other goods, including without limitation machinery, furniture, vehicles and trade fixtures; 
 (d) all general intangibles (including without limitation payment intangibles, software, customer lists, sales records and other business
records, contract rights, causes of action, and licenses, permits, franchises, patents, copyrights, trademarks, and goodwill of the business in which the trademark is used, trade names, or rights to any of the foregoing), promissory notes, contract
rights, chattel paper, documents, letter-of-credit rights and instruments; 
  

 1 

 (e) all motor vehicles; 
 (f) (i) all deposit accounts and (ii) all cash and cash equivalents deposited with or delivered to Seatac from time to time and pledged
as additional security for the Obligations; 
 (g) all investment property; 
 (h) all commercial tort claims; and 
 (i) all additions and accessions to, all spare and repair parts, special tools, equipment and replacements for, and all supporting obligations, proceeds and products of, any and all of the foregoing
assets described in Sections (a) through (h), inclusive, above. 
 Event of Default. “Event of Default”
shall have the meaning specified in the Note Purchase Agreement. 
 Inventory. “Inventory” shall mean all
inventory, including without limitation all goods held for sale, lease or demonstration or to be furnished under contracts of service, goods leased to others, trade-ins and repossessions, raw materials, work in process and materials used or consumed
in Debtor’s business, including, without limitation, goods in transit, wheresoever located, whether now owned or hereafter acquired by Debtor, and shall include such property the sale or other disposition of which has given rise to Accounts and
which has been returned to or repossessed or stopped in transit by Debtor. 
 Obligations. “Obligations” shall
mean (a) the principal of, and interest on, the Note, and any renewal, extension or refinancing thereof; (b) all debts, liabilities, obligations, covenants and agreements of Debtor contained in the Transaction Documents; and (c) any
and all other debts, liabilities and obligations of Debtor to Seatac. 
 Person. “Person” shall mean and
include an individual, partnership, corporation, trust, unincorporated association and any unit, department or agency of government. 
 Security Agreement. “Security Agreement” shall mean this Security Agreement, together with the schedules attached hereto, as the same may be amended, supplemented or otherwise modified from time to time in accordance with
the terms hereof. 
 Security Interest. “Security Interest” shall mean the security interest of Seatac in the
Collateral granted by Debtor pursuant to this Security Agreement. 
 UCC. “UCC” shall mean the Uniform
Commercial Code as adopted in California and in effect from time to time. 
 ARTICLE II 
 THE SECURITY INTEREST; REPRESENTATIONS AND WARRANTIES 
 2.1 The Security Interest. To secure the full and complete payment and performance when due (whether at stated maturity, by acceleration, or otherwise) of each of the Obligations, Debtor
hereby grants to Seatac a security interest in all of Debtor’s right, title and interest in and to the Collateral. 
  

 2 

 2.2 Representations and Warranties. Debtor hereby represents and warrants to
Seatac that: 
 (a) The records of Debtor with respect to the Collateral are presently located only at the address(es) listed on
Schedule 1 attached to this Security Agreement. 
 (b) The Collateral is presently located only at the location(s) listed
on Schedule 1 attached to this Security Agreement. 
 (c) The chief executive office and chief place(s) of business
of Debtor are presently located at the address(es) listed on Schedule 1 to this Security Agreement. 
 (d) Debtor is a
Utah corporation and its exact legal name is set forth in the definition of “Debtor” in the introductory paragraph of this Security Agreement. The organization identification number of Debtor is listed on Schedule 1 to this Security
Agreement. 
 (e) All of Debtor’s present patents and trademarks, if any, including those which have been registered with,
or for which an application for registration has been filed in, the United States Patent and Trademark Office are listed on Schedule 2 attached to this Security Agreement. All of Debtor’s present copyrights registered with, or for which
an application for registration has been filed in, the United States Copyright Office or any similar office or agency of any state or any other country are listed on Schedule 2 attached to this Security Agreement. 
 (f) Debtor has good title to, or valid leasehold interest in, all of the Collateral and there are no Liens on any of the Collateral except
Permitted Liens. 
 2.3 Authorization to File Financing Statements. Debtor hereby irrevocably authorizes Seatac at
any time and from time to time to file in any UCC jurisdiction any initial financing statements and amendments thereto that (a) indicate the Collateral (i) as all assets of Debtor or words of similar effect, regardless of whether any
particular asset comprised in the Collateral falls within the scope of Article 9 of the UCC or such other jurisdiction, or (ii) as being of an equal or lesser scope or with greater detail, and (b) contain any other information required by
part 5 of Article 9 of the UCC for the sufficiency of filing office acceptance of any financing statement or amendment, including whether Debtor is an organization, the type of organization and any state or federal organization identification number
issued to Debtor. Debtor agrees to furnish any such information to Seatac promptly upon request. Debtor also ratifies its authorization for Seatac to have filed in any UCC jurisdiction any like initial financing statements or amendments thereto if
filed prior to the date hereof. 
 ARTICLE III 
 AGREEMENTS OF DEBTOR 
 From and after the date of this
Security Agreement, and until all of the Obligations are paid in full, Debtor shall: 
 3.1 Sale of Collateral. Not
sell, lease, transfer or otherwise dispose of Collateral or any interest therein, except as provided for in the Note Purchase Agreement and for sales of Inventory in the ordinary course of business. 
  

 3 

 3.2 Maintenance of Security Interest.
 (a) At the expense of Debtor, defend the Security Interest against any and all claims of any Person adverse to Seatac and take such action
and execute such financing statements and other documents as Seatac may from time to time request to maintain the perfected status of the Security Interest. Debtor shall not further encumber or grant a security interest in any of the Collateral
except as provided for in the Note Purchase Agreement. 
 (b) Debtor further agrees to take any other action requested by Seatac
to ensure the attachment, perfection and first priority of, and the ability of Seatac to enforce its security interest in any and all of the Collateral including, without limitation, (i) executing, delivering and, where appropriate, filing
financing statements and amendments relating thereto under the UCC, to the extent, if any, that Debtor’s signature thereon is required therefor, (ii) complying with any provision of any statute, regulation or treaty of the United States as
to any Collateral if compliance with such provision is a condition to attachment, perfection or priority of, or ability of Seatac to enforce, its security interest in such Collateral, (iii) taking all actions required by any earlier versions of
the UCC (to the extent applicable) or by other law, as applicable in any relevant UCC jurisdiction, or by other law as applicable in any foreign jurisdiction, and (iv) obtaining waivers from landlords where any of the tangible Collateral is
located in form and substance satisfactory to Seatac. 
 3.3 Locations. Give Seatac at least thirty (30) days
prior written notice of Debtor’s intention to relocate the tangible Collateral (other than Inventory in transit) or any of the records relating to the Collateral from the locations listed on Schedule 1 attached to this Security
Agreement, in which event Schedule 1 shall be deemed amended to include the new location. Any additional filings or refilings requested by Seatac as a result of any such relocation in order to maintain the Security Interest in the Collateral
shall be at Debtor’s expense. 
 3.4 Insurance. Keep the Collateral consisting of tangible personal property
insured against loss or damage to the Collateral under a policy or policies covering such risks as are ordinarily insured against by similar businesses, but in any event including fire, lightning, windstorm, hail, explosion, riot, riot attending a
strike, civil commotion, damage from aircraft, smoke and uniform standard extended coverage and vandalism and malicious mischief endorsements, limited only as may be provided in the standard form of such endorsements at the time in use in the
applicable state. Such insurance shall be for amounts not less than the actual replacement cost of the Collateral. No policy of insurance shall be so written that the proceeds thereof will produce less than the minimum coverage required by the
preceding sentence, by reason of co-insurance provisions or otherwise, without the prior consent thereto in writing by Seatac. Debtor will obtain lender’s loss payable endorsements on applicable insurance policies in favor of Seatac and will
provide certificates of such insurance to Seatac. Debtor shall cause each insurer to agree, by endorsement on the policy or policies or certificates of insurance issued by it or by independent instrument furnished to Seatac that such insurer will
give thirty (30) days written notice to Seatac before such policy will be altered or canceled. No settlement of any insurance claim shall be made without Seatac’s prior consent. In the event of any insured loss, Debtor shall promptly
notify Seatac thereof in writing, and Debtor hereby authorizes and directs any insurer concerned to make payment of such loss directly to Seatac as its interest may appear. Seatac is authorized, in the name and on behalf of Debtor, to make proof of
loss and to adjust, compromise and collect, in such manner and amounts as it shall determine, all claims under all policies; and Debtor agrees to sign, on demand of Seatac, all receipts, vouchers, releases and other instruments which may be
necessary or desirable in aid of this authorization. The proceeds of any insurance from loss, theft, or damage to the Collateral shall be held in a segregated account established by Seatac and disbursed and applied at the discretion of Seatac,
either in reduction of the Obligations or applied toward the repair, restoration or replacement of the Collateral. 
  

 4 

 3.5 Name; Legal Status. (a) Without providing at least 30 days prior written
notice to Seatac, Debtor will not change its name, its place of business or, if more than one, chief executive office, or its mailing address or organizational identification number if it has one, (b) if Debtor does not have an organizational
identification number and later obtains one, Debtor shall forthwith notify Seatac of such organizational identification number, and (c) Debtor will not change its type of organization or jurisdiction of organization. 
 ARTICLE IV 
 RIGHTS AND REMEDIES 
 4.1 Right to Cure. In case of failure by Debtor to procure or maintain
insurance, or to pay any fees, assessments, charges or taxes arising with respect to the Collateral, Seatac shall have the right, but shall not be obligated, to effect such insurance or pay such fees, assessments, charges or taxes, as the case may
be, and, in that event, the cost thereof shall be payable by Debtor to Seatac immediately upon demand, together with interest at an annual rate equal 10% from the date of disbursement by Seatac to the date of payment by Debtor. 
 4.2 Rights of Parties. Upon the occurrence and during the continuance of an Event of Default, in addition to all the rights and
remedies provided in the Transaction Documents or in Article 9 of the UCC and any other applicable law, Seatac may (but is under no obligation so to do): 
 (a) require Debtor to assemble the Collateral at a place designated by Seatac, which is reasonably convenient to the parties; and 
 (b) take physical possession of Inventory and other tangible Collateral and of Debtor’s records pertaining to all Collateral that are
necessary to properly administer and control the Collateral or the handling and collection of Collateral, and sell, lease or otherwise dispose of the Collateral in whole or in part, at public or private sale, on or off the premises of Debtor; and

 (c) collect any and all money due or to become due and enforce in Debtor’s name all rights with respect to the
Collateral; and 
 (d) settle, adjust or compromise any dispute with respect to any Account; and 
 (e) receive and open mail addressed to Debtor; and 
 (f) on behalf of Debtor, endorse checks, notes, drafts, money orders, instruments or other evidences of payment. 
 4.3 Power of Attorney. Upon the occurrence and during the continuance of an Event of Default, Debtor does hereby constitute and appoint Seatac as Debtor’s true and lawful attorney with
full power of substitution for Debtor in Debtor’s name, place and stead for the purposes of performing any obligation of Debtor under this Security Agreement and taking any action and executing any instrument which Seatac may deem necessary or
advisable to perform any obligation of Debtor under this Security Agreement, which appointment is irrevocable and coupled with an interest, and shall not terminate until the Obligations are paid in full. 
 4.4 Right to Collect Accounts. Upon the occurrence and during the continuance of an Event of Default and without limiting
Debtor’s obligations under the Transaction Documents: (a) Debtor authorizes Seatac to notify any and all debtors on the Accounts to make payment directly to Seatac (or to

  

 5 

 
such place as Seatac may direct); (b) Debtor agrees, on written notice from Seatac, to deliver to Seatac promptly upon receipt thereof, in the form in which received (together with all
necessary endorsements), all payments received by Debtor on account of any Account; and (c) Seatac may, at its option, apply all such payments against the Obligations or remit all or part of such payments to Debtor. 
 4.5 Reasonable Notice. Written notice, when required by law, sent in accordance with the provisions of Section 12 of the
Note Purchase Agreement and given at least ten (10) business days (counting the day of sending) before the date of a proposed disposition of the Collateral shall be reasonable notice. 
 4.6 Limitation on Duties Regarding Collateral. The sole duty of Seatac 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 Seatac deals with similar property for its own account. Neither Seatac 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
Debtor or otherwise. 
 4.7 Lock Box; Collateral Account. This Section 4.7 shall be effective only upon the
occurrence and during the continuance of an Event of Default. If Seatac so requests in writing, Debtor will direct each of its debtors on the Accounts to make payments due under the relevant Account or chattel paper directly to a special lock box to
be under the control of Seatac. Debtor hereby authorizes and directs Seatac to deposit into a special collateral account to be established and maintained by Seatac all checks, drafts and cash payments received in said lock box. All deposits in said
collateral account shall constitute proceeds of Collateral and shall not constitute payment of any Obligation until so applied. At its option, Seatac may, at any time, apply finally collected funds on deposit in said collateral account to the
payment of the Obligations, in the order of application selected in the sole discretion of Seatac, or permit Debtor to withdraw all or any part of the balance on deposit in said collateral account. If a collateral account is so established, Debtor
agrees that it will promptly deliver to Seatac, for deposit into said collateral account, all payments on Accounts and chattel paper received by it. All such payments shall be delivered to Seatac in the form received (except for Debtor’s
endorsement where necessary). Until so deposited, all payments on Accounts and chattel paper received by Debtor shall be held in trust by Debtor for and as the property of Seatac and shall not be commingled with any funds or property of Debtor.

 4.8 Application of Proceeds. Seatac shall apply the proceeds resulting from any sale or disposition of the
Collateral in the following order: 
 (a) to the costs of any sale or other disposition; 
 (b) to the expenses incurred by Seatac in connection with any sale or other disposition, including attorneys’ fees; 
 (c) to the payment of the Obligations then due and owing in any order selected by Seatac; and 
 (d) to Debtor. 
 4.9 Other Remedies. No remedy herein conferred upon Seatac is intended to be exclusive of any other remedy and each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this
Security Agreement and the Transaction Documents now or hereafter

  

 6 

 
existing at law or in equity or by statute or otherwise. No failure or delay on the part of Seatac in exercising any right or remedy hereunder shall operate as a waiver thereof nor shall any
single or partial exercise of any right hereunder preclude other or further exercise thereof or the exercise of any other right or remedy. 
 ARTICLE V 
 MISCELLANEOUS 
 5.1 Expenses and Attorneys’ Fees. Debtor shall pay all fees and expenses incurred by Seatac, including the fees of counsel
including in-house counsel, in connection with the preparation, administration and amendment of this Security Agreement and the protection, administration and enforcement of the rights of Seatac under this Security Agreement or with respect to the
Collateral, including without limitation the protection and enforcement of such rights in any bankruptcy. 
 5.2
Setoff. Debtor agrees that Seatac shall have all rights of setoff and bankers’ lien provided by applicable law. 
 5.3 Assignability; Successors. Debtor’s rights and liabilities under this Security Agreement are not assignable or delegable, in whole or in part, without the prior written consent of Seatac. The provisions of this Security
Agreement shall inure to the benefit of and be binding upon the successors and assigns of the parties. 
 5.4
Survival. All agreements, representations and warranties made in this Security Agreement or in any document delivered pursuant to this Security Agreement shall survive the execution and delivery of this Security Agreement, and the
delivery of any such document. 
 5.5 Governing Law. This Security Agreement shall be governed by, and construed and
interpreted in accordance with, the laws of the State of California applicable to contracts made and wholly performed within such state. 
 5.6 Counterparts; Headings. This Security Agreement may be executed in several counterparts, each of which shall be deemed original, but such counterparts shall together constitute but one and
the same agreement. The article and section headings in this Security Agreement are inserted for convenience of reference only and shall not constitute a part hereof. 
 5.7 Notices. All communications or notices required or permitted by this Security Agreement shall be given to Debtor in accordance with Section 12 of the Note Purchase Agreement.

 5.8 Amendment. No amendment of this Security Agreement shall be effective unless in writing and signed by Debtor
and Seatac. 
 5.9 Severability. Any provision of this Security Agreement which 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 of this Security Agreement in such jurisdiction or affecting the validity or
enforceability of any provision in any other jurisdiction. 
 5.10 WAIVER OF RIGHT TO JURY TRIAL. SEATAC AND DEBTOR
ACKNOWLEDGE AND AGREE THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS SECURITY AGREEMENT WOULD BE BASED UPON DIFFICULT AND COMPLEX ISSUES AND, THEREFORE, THE PARTIES AGREE THAT ANY LAWSUIT ARISING OUT OF ANY SUCH CONTROVERSY SHALL BE TRIED IN A
COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY. 
  

 7 

 5.11 Submission to Jurisdiction. As a material inducement to Seatac to make the
Loan: 
 (a) DEBTOR AGREES THAT ALL ACTIONS OR PROCEEDINGS IN ANY MANNER RELATING TO OR ARISING OUT OF THIS SECURITY AGREEMENT
MAY BE BROUGHT ONLY IN COURTS OF THE STATE OF CALIFORNIA AND DEBTOR CONSENTS TO THE JURISDICTION OF SUCH COURTS. DEBTOR WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH COURT AND ANY RIGHT IT MAY HAVE NOW OR HEREAFTER HAVE
TO CLAIM THAT ANY SUCH ACTION OR PROCEEDING IS IN AN INCONVENIENT COURT; AND 
 (b) Debtor consents to the service of process in
any such action or proceeding by certified mail sent to Debtor at the address specified in Section 12 of the Note Purchase Agreement. 
 (signature page follows) 
  

 8 

 IN WITNESS WHEREOF, this Security Agreement has been executed as of the day and year
first above written. 
  

	
	AMHN, INC.
	
	 /s/ Robert Cambridge

	Robert Cambridge
	Chief Executive Officer
	
	SEATAC DIGITAL RESOURCES, INC.
	
	 /s/ Robin Tjon

	Robin Tjon
	President

 SCHEDULE 1 TO SECURITY AGREEMENT 
 Locations of Collateral 
 Organizational ID: 87-0233535 
 Address of Debtor’s records of Collateral and chief executive office: 
 100 North First Street, Suite 104 
 Burbank, CA 91502 
 Collateral Locations: 
 100 North First Street, Suite 104 
 Burbank, CA 91502 

 SCHEDULE 2 TO SECURITY AGREEMENT 
 Intellectual Property 
 Patents - None 
 Trademarks - None 
 Copyrights - None 
 Other - All intellectual properties owned by the Company and its
Subsidiary which may have not been registered at the time of this Security Agreement, including all currently owned and/or to be acquired programming segments and any and all items currently owned and/or to be acquired in the Company’s
Subsidiary video library.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}]]