Document:

PLEDGE
      AGREEMENT

    

    THIS
      PLEDGE
      AGREEMENT,
      made as
      of this ______
      day
      of
June,
      2008
      (this “Agreement”),
      is
      between OPTIONS
      MEDIA GROUP HOLDINGS, INC.,
      a
Nevada
      corporation
      (“Pledgor”),
      and
CUSTOMER
      ACQUISITION NETWORK HOLDINGS, INC.,
      a
Delaware
      corporation (together
      with its successors and assigns, the “Pledgee”).
      

    

    WHEREAS:

    

    A. The
      Pledgor
      has
      executed and delivered to the Pledgee
      that
      certain secured senior note made by Pledgor
      and
      dated
      as of the date hereof in an original aggregate principal amount of $1,000,000
      (such note, together with any promissory notes or other securities issued in
      exchange or substitution therefor or replacement thereof, and as any of the
      same
      may be amended, supplemented, restated or modified and in effect from time
      to
      time, the “Note”).
      The
Note
      was
      issued pursuant to a loan and certain other financial accommodations (the
“Loan”)
      made
      by Pledgee
      to
      Pledgor.

    

    B. The
      Pledgor
      legally
      and beneficially owns one hundred percent (100%) of the issued and outstanding
      shares of capital
      stock or other equity interests of Options
      Acquisition
      Sub, Inc., a Delaware
      corporation
      (“Options”)
      and
      each other corporation or other entity, the capital stock or other equity
      interests and securities of which are owned or acquired by Pledgor,
      and
      described on an addendum hereto from time to time executed by Pledgor
      in
      form
      and substance satisfactory to Pledgee
      (referred to herein as a “Pledge
      Entity”
and,
      collectively, as the “Pledge
      Entities”).

     

    C. Pursuant
      to a Security
      Agreement of
      even
      date herewith by and among Pledgor
      and
      Pledgee
      (as
      the
      same may be amended, restated, modified or supplement and in effect from time
      to
      time, the “Security
      Agreement”),
      Pledgor
      has
      granted Pledgee,
      for its
      benefit, a first priority security interest in, lien upon and pledge of its
      rights in the Collateral
      (as
      defined in the Security
      Agreement).

     

    D. To
      induce
      the Pledgee
      to
      make
      the Loan,
      and in
      order to secure the payment and performance by Pledgor
      of
      the
Liabilities
      (as
      defined in the Security
      Agreement),
      Pledgor
      has
      agreed to pledge to Pledgee
      all
      of
      the capital stock and other equity interests and securities of the Pledge
      Entities now
      or
      hereafter owned or acquired by Pledgor.

     

    NOW,
      THEREFORE,
      in
      consideration of the premises and in order to induce the Pledgee
      to
      make
      the Loan
      and
      for
      other good and valuable consideration, the receipt and sufficiency of which
      are
      hereby acknowledged, Pledgor
      hereby
      agrees with Pledgee
      as
      follows:

    

    1. Defined
      Terms.
      Unless
      otherwise defined herein, all capitalized terms used herein shall have the
      meanings given them in the Security Agreement.
      

     

    2. Pledge.
      Pledgor
      hereby
      pledges, assigns, hypothecates, transfers, delivers and grants to Pledgee,
      a first
      lien on and first priority perfected security interest in (i)
      all
      of
      the capital
      stock or other equity interests of the Pledge
      Entities now
      owned
      or hereafter acquired by Pledgor
      (collectively,
      the “Pledged
      Shares”),
      (ii)
      all
      other
      property hereafter delivered to, or in the possession or in the custody of,
      Pledgee,
      in
      substitution for or in addition to the Pledged
      Shares,
      (iii)
      any
      other
      property of Pledgor,
      as
      described in Section
      4 below
      or
      otherwise, whether now or hereafter delivered to, or in the possession or
      custody of Pledgor,
      and
(iv)
      all
      proceeds of the collateral described in the preceding clauses
      (i),
      (ii) and
      (iii) (the
      collateral described in clauses
      (i) through
      (iv) of
      this
Section
      2 being
      collectively referred to as the “Pledged
      Collateral”),
      as
      collateral security for the prompt and complete payment and performance when
      due
      (whether at the stated maturity, by acceleration or otherwise) of the
Liabilities.
      All of
      the Pledged
      Shares now
      owned
      by Pledgor
      which
      are
      presently represented by certificates are listed on Exhibit A hereto,
      which certificates, with undated
      assignments
      separate from certificates
      or stock powers duly
      executed in blank by Pledgor
      and
      irrevocable proxies, are being delivered to Pledgee
      simultaneously
      herewith. Upon the creation or acquisition of any new Pledged
      Shares,
      Pledgor
      shall
      execute an Addendum
      in
      the
      form of Exhibit
      B attached
      hereto (a “Pledge
      Addendum”).
      Any
Pledged
      Collateral described
      in a Pledge
      Addendum executed
      by Pledgor
      shall
      thereafter be deemed to be listed on Exhibit
      A hereto.
      Pledgee
      shall
      maintain possession and custody of the certificates representing the
Pledged
      Shares and
      any
      additional Pledged
      Collateral.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3. Representations
      and Warranties of Pledgor. Pledgor
      represents
      and warrants to Pledgee,
      and
      covenants with Pledgee,
      that:

     

    (a) Exhibit
      A sets
      forth (i)
      the
      authorized capital
      stock or other equity interests of each Pledge
      Entity,
      (ii)
      the
      number of shares of capital
      stock or other equity interests of each Pledge
      Entity that
      are
      issued and outstanding as of the date hereof, and (iii)
      the
      percentage of the issued and outstanding shares of capital
      stock or other equity interests of each Pledge
      Entity held
      by
Pledgor.
      Pledgor
      is
      the
      record and beneficial owner of, and has good and marketable title to, the
Pledged
      Shares,
      and
      such shares or other equity interests are and will remain free and clear of
      all
      pledges, liens, security interests and other encumbrances and restrictions
      whatsoever, except the
      liens
      and security interests in
      favor
      of Pledgee
      created
      by this Agreement;

     

    (b) Except
      as
      set forth on Exhibit
      A,
      there
      are no outstanding options,
      warrants or other similar agreements with respect to the Pledged
      Shares or
      any of
      the other Pledged
      Collateral;

     

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

     

    (d) the
      Pledged
      Shares have
      been
      duly and validly authorized and issued, are fully paid and non-assessable,
      and
      the Pledged
      Shares listed
      on
Exhibit
      A constitute
      all of the issued and outstanding capital
      stock or other equity interests of the Pledge
      Entities;

     

    (e) no
      consent, approval or authorization of or designation or filing with any
      governmental or regulatory authority on the part of Pledgor
      is
      required in connection with the pledge and security interest granted under
      this
Agreement;

     

    (f) the
      execution, delivery and performance of this Agreement
      will
      not
      violate any provision of any applicable law or regulation or of any order,
      judgment, writ, award or decree of any court, arbitrator or governmental
      authority, domestic or foreign, or of the articles or certificate of
      incorporation, bylaws or any other similar organizational documents of
Pledgor
      or
      any
Pledge
      Entity or
      of any
      securities issued by Pledgor
      or
      any
Pledge
      Entity or
      of any
      mortgage, indenture, lease, contract, or other agreement, instrument or
      undertaking to which Pledgor
      or
      any
Pledge
      Entity is
      a
      party or which purports to be binding upon Pledgor
      or
      any
Pledge
      Entity or
      upon
      any of the assets of Pledgor
      or
      any
Pledge
      Entity,
      and
      will not result in the creation or imposition of any lien, charge or encumbrance
      on or security interest in any of the assets of Pledgor
      or
      any
Pledge
      Entity,
      except
      as otherwise contemplated by this Agreement;

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (g) the
      pledge, assignment and delivery of the Pledged
      Shares and
      the
      other Pledged
      Collateral pursuant
      to this Agreement
      creates
      a
      valid first lien on and perfected first priority security interest in such
      Pledged
      Shares and
      Pledged
      Collateral and
      the
      proceeds thereof in favor of Pledgee,
      subject
      to no prior pledge, lien, mortgage, hypothecation, security interest, charge,
      option or encumbrance or to any agreement purporting to grant to any third
      party
      a security interest in the property or assets of Pledgor
      which
      would include the Pledged
      Shares or
      any
      other Pledged
      Collateral.
      Pledgor
      covenants
      and agrees that it will defend, for the benefit of Pledgee,
      Pledgee’s
      right,
      title and security interest in and to the Pledged
      Shares,
      the
      other Pledged
      Collateral and
      the
      proceeds thereof against the claims and demands of all other persons or
      entities; 

     

    (h) Each
      Pledged
      Share consisting
      of either (i)
      a
      membership interest in a Person
      that
      is a
      limited liability company or (ii)
      a
      partnership interest in a Person
      that
      is a
      partnership (if any) are “securities” governed by Article 8 of the UCC.
      Certificates
      evidencing
      such membership interests or partnership interests (if any) have been issued
      to
Pledgor
      by
      the
      applicable Person.
      Pledgor
      covenants
      it will not cause and will not permit any Pledged
      Entity to
      “opt-out” of Article 8 of the UCC,
      and
Pledgor
      will
      not
      take, and will not permit any Pledged
      Entity to
      take,
      any actions to cause the capital stock, membership interests, partnership
      interests or similar equity interests of such Pledged
      Entity (if
      any)
      to cease to be classified as “securities” governed by Article 8 of the
UCC;
      and

     

    (i) Neither
      Pledgor
      nor
      the
Pledged
      Entities (i)
      will
      become a person whose property or interests in property are blocked or subject
      to blocking pursuant to Section 1 of Executive
      Order 13224 of September
      23,
      2001
Blocking
      Property and
      Prohibiting
      Transactions with
      Persons
      Who Commit,
      Threaten
      to
      Commit
      or
      Support Terrorism (66 Fed. Reg. 49079(2001), (ii)
      will
      engage in any dealings or transactions prohibited by Section 2 of such executive
      order, or (iii)
      will
      otherwise become a person on the list of Specially
      Designated Nationals and
      Blocked
      Persons or
      subject to the limitations or prohibitions under any other Office
      of
      Foreign Asset Control regulation
      or executive order.

     

    4. Dividends,
      Distributions, Etc. If,
      while
      this Agreement
      is
      in
      effect, Pledgor
      shall
      become entitled to receive or shall receive any certificate (including,
      without limitation,
      any
      certificate representing a dividend or a distribution in connection with any
      reclassification, increase or reduction of capital, or issued in connection
      with
      any reorganization, merger or consolidation), or any options
      or
      rights, whether as an addition to, in substitution for, or in exchange for
      any
      of the Pledged
      Shares or
      otherwise, Pledgor
      agrees,
      in each case, to accept the same as Pledgee’s
      agent
      and to hold the same in trust
      for
      Pledgee,
      and to
      deliver the same promptly (but in any event within three days) to Pledgee
      in
      the
      exact form received, with the endorsement of Pledgor
      when
      necessary and/or with appropriate undated
      assignments
      separate from certificates
      or stock powers duly
      executed in blank, to be held by Pledgee
      subject
      to the terms hereof, as additional Pledged
      Collateral.
      Pledgor
      shall
      promptly deliver to Pledgee
      (i)
      a
      Pledge
      Addendum with
      respect to such additional certificates, and (ii)
      any
      financing statements or amendments to financing statements as requested by
      Pledgee.
      Pledgor
      hereby
      authorizes Pledgee
      to
      attach
      each Pledge
      Amendment to
      this
Agreement.
      In case
      any distribution of capital shall be made on or in respect of the Pledged
      Shares or
      any
      property shall be distributed upon or with respect to the Pledged
      Shares pursuant
      to the recapitalization or reclassification of the capital of the issuer thereof
      or pursuant to the reorganization thereof, the property so distributed shall
      be
      delivered to Pledgee
      to
      be
      held by it as additional Pledged
      Collateral.
      Except
      as provided in Section
      5(b) below,
      all sums of money and property so paid or distributed in respect of the
Pledged
      Shares which
      are
      received by Pledgor
      shall,
      until paid or delivered to Pledgee,
      be held
      by Pledgor
      in
      trust
as
      additional Pledged
      Collateral.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    5. Voting
      Rights; Dividends; Certificates.

     

    (a) So
      long
      as no Event
      of
      Default (for
      purposes of this Agreement,
      as
      defined in the Note)
      has
      occurred and is continuing, Pledgor
      shall
      be
      entitled (subject to the other provisions hereof,
      including,
      without limitation,
      Section
      8 below)
      to
      exercise its voting and other consensual rights with respect to the
Pledged
      Shares and
      otherwise exercise the incidents of ownership thereof in any manner not
      inconsistent with this Agreement,
      the
Note,
      the
Securities
      Agreement,
      the
Guaranty
      and
      the
      other documents executed in relation to the Loan
      (collectively,
      the “Transaction
      Documents”).
      Pledgor
      hereby
      grants to Pledgee
      or
      its
      nominee, an irrevocable proxy to exercise all voting and corporate rights
      relating to the Pledged
      Shares in
      any
      instance, provided such proxy shall be effective, at the discretion of
Pledgee,
      only
      upon the occurrence and during the continuance of an Event
      of
      Default. Upon
      the
      request of Pledgee
      at
      any
      time, Pledgor
      agrees
      to
      deliver to Pledgee
      such
      further evidence of such irrevocable proxy or such further irrevocable proxies
      to vote the Pledged
      Shares as
      Pledgee
      may
      request.

     

    (b) So
      long
      as no Event
      of
      Default shall
      have occurred and be continuing, Pledgor
      shall
      be
      entitled to receive cash dividends or other distributions made in respect of
      the
Pledged
      Shares,
      to the
      extent permitted to be made pursuant to the terms of the Note.
      Upon
      the occurrence and during the continuance of an Event
      of
      Default,
      in the
      event that Pledgor,
      as
      record and beneficial owner of the Pledged
      Shares,
      shall
      have received or shall have become entitled to receive, any cash dividends
      or
      other distributions in the ordinary course, Pledgor
      shall
      deliver to Pledgee,
      and
Pledgee
      shall
      be
      entitled to receive and retain, for the benefit of Pledgee,
      all
      such cash or other distributions as additional security for the Liabilities.

     

    (c) Subject
      to any sale or other disposition by Pledgee
      of
      the
Pledged
      Shares,
      any
      other Pledged
      Collateral or
      other
      property pursuant to this Agreement,
      upon
      the indefeasible full payment in cash, satisfaction and termination of all
      of
      the Liabilities
      and
      the
      termination of this Agreement
      pursuant
      to Section
      11 hereof
      and of the
      liens
      and security interests hereby
      granted, the Pledged
      Shares,
      the
      other Pledged
      Collateral and
      any
      other property then held as part of the Pledged
      Collateral in
      accordance with the provisions of this Agreement
      shall
      be
      returned to Pledgor
      or
      to
      such other persons or entities as shall be legally entitled
      thereto.

     

    (d) Pledgor
      shall
      cause all Pledged
      Shares to
      be
      certificated at all times while this Agreement
      is
      in
      effect.

     

    6. Rights
      of Pledgee. Pledgee
      shall
      not
      be liable for failure to collect or realize upon the Liabilities
      or
      any
      collateral security or guaranty therefor, or any part thereof, or for any delay
      in so doing, nor shall Pledgee
      be
      under
      any obligation to take any action whatsoever with regard thereto. Any or all
      of
      the Pledged
      Shares held
      by
Pledgee
      hereunder
      may, if an Event
      of
      Default has
      occurred and is continuing, without notice, be registered in the name of
Pledgee
      or
      its
      nominee, and Pledgee
      or
      its
      nominee may thereafter without notice exercise all voting and corporate rights
      at any meeting with respect to any Pledge
      Entity and
      exercise any and all rights of conversion, exchange, subscription or any other
      rights, privileges or options
      pertaining
      to any of the Pledged
      Shares as
      if it
      were the absolute owner thereof,
      including,
      without limitation,
      the
      right to vote in favor of, and to exchange at its discretion any and all of
      the
Pledged
      Shares upon,
      the
      merger, consolidation, reorganization, recapitalization or other readjustment
      with respect to any Pledge
      Entity or
      upon
      the exercise by any Pledge
      Entity,
      Pledgor
      or
      Pledgee
      of
      any
right,
      privilege or
      option
      pertaining to any of the Pledged
      Shares,
      and in
      connection therewith, to deposit and deliver any and all of the Pledged
      Shares with
      any
      committee, depository, transfer agent, registrar or other designated agency
      upon
      such terms and conditions as Pledgee
      may
      reasonably determine, all without liability except to account for property
      actually received by Pledgee,
      but
Pledgee
      shall
      have no duty to exercise any of the aforesaid rights, privileges or
options
      and
      shall
      not be responsible for any failure to do so or delay in so
      doing.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    7. Remedies. Upon
      the
      occurrence and during the continuance of an Event
      of
      Default,
      Pledgee
      may
      exercise in respect of the Pledged
      Collateral,
      in
      addition to other rights and remedies provided for herein or otherwise available
      to it, all the rights and remedies of a secured party under the Uniform
      Commercial Code (“UCC”)
      in
      effect
      in the
      State
      of
      New York from
      time
      to time, whether or not the UCC
      applies
      to the affected Pledged
      Collateral (or
      the
Uniform
      Commercial Code as
      in
      effect in any other relevant jurisdiction). Pledgee
      also,
      without demand of performance or other demand, advertisement or notice of any
      kind (except the notice specified below of time and place of public or private
      sale) to or upon Pledgor
      or
      any
      other person or entity (all and each of which demands, advertisements and/or
      notices are hereby expressly waived), may forthwith collect, receive,
      appropriate and realize upon the Pledged
      Collateral,
      or any
      part thereof, and/or may forthwith date and otherwise fill in the blanks on
      any
assignments
      separate from certificates or stock power or
      otherwise sell, assign, give an option or options
      to
      purchase, contract to sell or otherwise dispose of and deliver said
Pledged
      Collateral,
      or any
      part thereof, in one or more portions at one or more public or private sales
      or
      dispositions, at any exchange or broker’s board or at any of Pledgee’s
      offices or elsewhere upon such terms and conditions as Pledgee
      may
      deem
      advisable and at such prices as it may deem best, for any combination of cash
      and/or securities or other property or on credit or for future delivery without
      assumption of any credit risk, with the right to Pledgee
      upon
      any
      such sale, public or private, to purchase the whole or any part of said
Pledged
      Collateral so
      sold,
      free of any right or equity of redemption in Pledgor,
      which
      right or equity is hereby expressly waived or released. Pledgee
      shall
      apply the net proceeds of any such collection, recovery, receipt, appropriation,
      realization, sale or disposition, after deducting all costs and expenses of
      every kind incurred therein or incidental to the safekeeping of any and all
      of
      the Pledged
      Collateral or
      in any
      way relating to the rights of Pledgee
      hereunder,
      including attorneys’ fees and legal expenses, to the payment, in whole or in
      part, of the Liabilities,
      in such
      order as Pledgee
      may
      elect. Pledgor
      shall
      remain liable for any deficiency remaining unpaid after such application. Only
      after so paying over such net proceeds and after the payment by Pledgee
      of
      any
      other amount required by any provision of law, including,
      without limitation,
      Section
      9-608 of the UCC,
      need
Pledgee
      account
      for the surplus, if any, to Pledgor.
      Pledgor
      agrees
      that Pledgee
      will
      give
      reasonable notice (such reasonable notice to be determined by Pledgee
      in
      its
      sole and absolute discretion) of the time and place of any public sale or of
      the
      time after which a private sale or other intended disposition is to take place.
      No notification need be given to Pledgor
      if
      it has
      signed after default a statement renouncing or modifying any right to
      notification of sale or other intended disposition. 

     

    8. No
      Disposition, Etc. Pledgor
      agrees
      that it will not sell, assign, transfer, exchange, or otherwise dispose of,
      or
      grant any option with respect to, the Pledged
      Shares or
      any
      other Pledged
      Collateral,
      nor
      will Pledgor
      create,
      incur or permit to exist any pledge, lien, mortgage, hypothecation, security
      interest, charge, option or any other encumbrance with respect to any of the
      Pledged
      Shares or
      any
      other Pledged
      Collateral,
      or any
      interest therein, or any proceeds thereof, except for the lien and security
      interest of Pledgee
      provided
      for by this Agreement
      and
      the
Security
      Agreement.

     

    9. Sale
      of Pledged
      Shares.

     

    (a) Pledgor
      recognizes
      that Pledgee
      may
      be
      unable to effect a public sale or disposition (including,
      without limitation,
      any
      disposition in connection with a merger of a Pledge
      Entity)
      of any
      or all the Pledged
      Shares by
      reason
      of certain prohibitions contained in the Securities
      Act of 1933,
      as
      amended (the “1933
      Act”),
      and
      applicable state
      securities laws,
      but may
      be compelled to resort to one or more private sales or dispositions thereof
      to a
      restricted group of purchasers who 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 or disposition may result in prices and
      other terms (including the terms of any securities or other property received
      in
      connection therewith) less favorable to the seller than if such sale or
      disposition were a public sale or disposition and, notwithstanding such
      circumstances, agrees that any such private sale or disposition shall be deemed
      to be reasonable and affected in a commercially reasonable manner. Pledgee
      shall
      be
      under no obligation to delay a sale or disposition of any of the Pledged
      Shares in
      order
      to permit Pledgor
      or
      a
Pledge
      Entity to
      register such securities for public sale under the 1933
      Act,
      or
      under applicable state
      securities laws,
      even if
Pledgor
      or
      a
Pledge
      Entity would
      agree to do so.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (b) Pledgor
      further
      agrees to do or cause to be done all such other acts and things as may be
      reasonably necessary to make such sales or dispositions of the Pledged
      Shares valid
      and
      binding and in compliance with any and all applicable laws, regulations, orders,
      writs, injunctions, decrees or awards of any and all courts, arbitrators or
      governmental instrumentalities, domestic or foreign, having jurisdiction over
      any such sales or dispositions, all at Pledgor’s
      expense. Pledgor
      further
      agrees that a breach of any of the covenants contained in Sections
      4,
      5(a),
      5(b),
      8,
      9
      and
24
      will
      cause irreparable injury to Pledgee
      and
      that
Pledgee
      has
      no
      adequate remedy at law in respect of such breach and, as a consequence, agrees,
      without limiting the right of Pledgee
      to
      seek
      and obtain specific performance of other obligations of Pledgor
      contained
      in this Agreement,
      that
      each and every covenant referenced above 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.

     

    (c) Pledgor
      further
      agrees to indemnify and hold harmless Pledgee
      and
      its
      successors and assigns, officers, directors, employees, attorneys and agents,
      and any person or entity in control of any thereof, from and against any loss,
      liability, claim, damage and expense,
      including,
      without limitation,
      legal
      fees and expenses (in this paragraph collectively called the “Indemnified
      Liabilities”),
      under
      federal and state
      securities laws or
      otherwise insofar as such Indemnified
      Liability (i)
      arises
      out of or is based upon any untrue statement or alleged untrue statement of
      a
      material fact contained in any registration statement, prospectus or offering
      memorandum or in any preliminary prospectus or preliminary offering memorandum
      or in any amendment or supplement to any thereof or in any other writing
      prepared in connection with the offer, sale or resale of all or any portion
      of
      the Pledged
      Collateral unless
      such untrue statement of material fact was provided by Pledgee,
      in
      writing, specifically for inclusion therein, or (ii)
      arises
      out of or is based upon any omission or alleged omission to state therein a
      material fact required to be stated or necessary to make the statements therein
      not misleading, such indemnification to remain operative regardless of any
      investigation made by or on behalf of Pledgee
      or
      any
      successor thereof, or any person or entity in control of any thereof. In
      connection with a public sale or other distribution, Pledgor
      will
      provide customary indemnification to any underwriters, their successors and
      assigns, officers and directors and each person or entity who controls any
      such
      underwriter (within the meaning of the 1933
      Act).
      If and
      to the extent that the foregoing undertakings in this paragraph may be
      unenforceable for any reason, Pledgor
      agrees
      to
      make the maximum contribution to the payment and satisfaction of each of the
      Indemnified
      Liabilities which
      is
      permissible under applicable law. The obligations of Pledgor
      under
      this paragraph
      (c) shall
      survive any termination of this Agreement.

     

    (d) Pledgor
      further
      agrees to waive any and all rights of subrogation it may have against a
Pledge
      Entity upon
      the
      sale or disposition of all or any portion of the Pledged
      Collateral by
      Pledgee
      pursuant
      to the terms of this Agreement
      until
      the
      termination of this Agreement
      in
      accordance with Section
      11 below.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    10. No
      Waiver; Cumulative Remedies.
      Pledgee
      shall
      not
      by any act, delay, omission or otherwise be deemed to have waived any of its
      remedies hereunder, and no waiver by Pledgee
      shall
      be
      valid unless in writing and signed by Pledgee,
      and
      then only to the extent therein set forth. A waiver by Pledgee
      of
      any
      right or remedy hereunder on any one occasion shall not be construed as a bar
      to
      any right or remedy which Pledgee
      would
      otherwise have on any further occasion. No course of dealing between
Pledgor
      and
      Pledgee
      and
      no
      failure to exercise, nor any delay in exercising on the part of Pledgee
      of,
      any
right,
      power or privilege hereunder
      or under the other Transaction
      Documents shall
      impair such right or remedy or operate as a waiver thereof; nor shall any single
      or partial exercise of any right,
      power or privilege hereunder
      preclude any other or further exercise thereof or the exercise of any other
      right,
      power or privilege.
      The
      rights and remedies herein provided are cumulative and may be exercised singly
      or concurrently, and are not exclusive of any rights or remedies provided by
      law.

     

    11. Termination. This
      Agreement
      and
      the
      liens
      and security interests granted
      hereunder shall terminate and Pledgee
      shall
      return any Pledged
      Shares or
      other
Pledged
      Collateral then
      held
      by Pledgee
      in
      accordance with the provisions of this Agreement
      to
      Pledgor
      upon
      the
      termination of the Note
      and
      the
      full and complete performance and indefeasible satisfaction of all of the
Liabilities
      (i)
      in
      respect of the Note
      (including,
      without limitation,
      the
      indefeasible payment in full in cash of all such Liabilities)
      and
(ii)
      with
      respect to which claims have been asserted by Pledgee.

     

    12. Possession
      of Collateral. Beyond
      the exercise of reasonable care to assure the safe custody of the Pledged
      Shares in
      the
      physical possession of Pledgee
      pursuant
      hereto, neither Pledgee,
      nor any
      nominee of Pledgee,
      shall
      have any duty or liability to collect any sums due in respect thereof or to
      protect, preserve or exercise any rights pertaining thereto (including any
      duty
      to ascertain or take action with respect to calls, conversions, exchanges,
      maturities, tenders or other matters relating to the Pledged
      Collateral and
      any
      duty to take any necessary steps to preserve rights against any parties with
      respect to the Pledged
      Collateral),
      and
      shall be relieved of all responsibility for the Pledged
      Collateral upon
      surrendering them to Pledgor.
      Pledgor
      assumes
      the responsibility for being and keeping itself informed of the financial
      condition of a Pledge
      Entity and
      of
      all other circumstances bearing upon the risk of non-payment of the
Liabilities,
      and
Pledgee
      shall
      have no duty to advise Pledgor
      of
      information known to Pledgee
      regarding
      such condition or any such circumstance. Pledgee
      shall
      have no duty to inquire into the powers of a Pledge
      Entity or
      its
      officers, directors, managers, members, partners or agents thereof acting or
      purporting to act on its behalf. 

     

    13. Taxes
      and Expenses.
      Pledgor
      will
      upon
      demand pay to Pledgee,
      (a)
      any
      taxes
      (excluding income taxes, franchise taxes or other taxes levied on gross
      earnings, profits or the like of Pledgee)
      payable
      or ruled payable by any Governmental
      Authority (as
      defined in the Security
      Agreement)
      in
      respect of this Agreement,
      together with interest and penalties, if any, and (b)
      all
      expenses, including the fees and expenses of counsel for Pledgee
      and
      of
      any experts and agents that Pledgee
      may
      incur
      in connection with (i)
      the
      administration, modification or amendment of this Agreement,
      (ii)
      the
      custody or preservation of, or the sale of, collection from, or other
      realization upon, any of the Pledged
      Collateral,
      (iii)
      the
      exercise or enforcement of any of the rights of Pledgee
      hereunder,
      or (iv)
      the
      failure of Pledgor
      to
      perform or observe any of the provisions hereof.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    14. Pledgee
      Appointed Attorney-In-Fact.
      Pledgor
      hereby
      irrevocably appoints Pledgee
      as
      Pledgor’s
      attorney-in-fact, with full authority in the place and stead of Pledgor
      and
      in
      the name of Pledgor
      or
      otherwise, from time to time in Pledgee’s
      discretion, to take any action and to execute any instrument that Pledgee
      deems
      reasonably necessary or advisable to accomplish the purposes of this
Agreement,
      including,
      without limitation,
      (i)
      to
      receive, endorse and collect all instruments made payable to Pledgor
      representing
      any dividend, interest payment or other distribution in respect of the
Pledged
      Collateral or
      any
      part thereof and to give full discharge for the same, when and to the extent
      permitted by this Agreement
      and
      (ii)
      to
      complete any assignment separate from certificate delivered hereunder; provided
      that the power of attorney granted hereunder shall only be exercised by
Pledgee
      after
      the
      occurrence and during the continuance of an Event
      of
      Default.

     

    15. Governing
      Law; Jurisdiction; Jury Trial.
      All
      questions concerning the construction, validity, enforcement and interpretation
      of this Agreement
      shall
      be
      governed by the internal laws of the
      State
      of
      New York,
      without
      giving effect to any choice of law or conflict of law provision or rule (whether
      of the
      State
      of
      New York or
      any
      other jurisdiction) that would cause the application of the laws of any
      jurisdiction other than the
      State
      of
      New York.
      Each
      party hereby irrevocably submits to the non-exclusive jurisdiction of the state
      and federal courts sitting in the
      City
      of
      New York,
      borough
      of Manhattan,
      for the
      adjudication of any dispute hereunder or in connection herewith or with any
      transaction contemplated hereby or discussed herein, and hereby
      irrevocably waives,
      and
      agrees not to assert in any
      suit,
      action or proceeding,
      any
      claim that it is not personally subject to the jurisdiction of any such court,
      that such
      suit, action or proceeding is
      brought in an inconvenient forum or that the venue of such
      suit, action or proceeding is
      improper. Each party hereby
      irrevocably waives personal
      service of process and consents to process being served in any such
      suit, action or proceeding by
      mailing a copy thereof to such party at the address for such notices to it
      under
      this Agreement
      and
      agrees that such service shall constitute good and sufficient service of process
      and notice thereof. Nothing contained herein shall be deemed to limit in any
      way
      any right to serve process in any manner permitted by law. Notwithstanding
      the
      foregoing, the Pledgee
      may
      enforce its rights and remedies in any other jurisdiction applicable to the
      Pledged
      Collateral.
      EACH
      PARTY HEREBY
      IRREVOCABLY WAIVES ANY
      RIGHT
      IT MAY
      HAVE,
      AND
      AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
      HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT
      OR
      ANY
      TRANSACTION CONTEMPLATED HEREBY.

     

    16. Counterparts.
      This
Agreement
      may
      be
      executed in two or more identical counterparts, all of which shall be considered
      one and the same agreement and shall become effective when counterparts have
      been signed by each party and delivered to the other party; provided that a
      facsimile, .pdf or similar electronically transmitted signature shall be
      considered due execution and shall be binding upon the signatory thereto with
      the same force and effect as if the signature were an original
      signature.

     

    17. Headings.
      The
      headings of this Agreement
      are
      for
      convenience of reference and shall not form part of, or affect the
      interpretation of, this Agreement.

     

    18. Severability.
      If any
      provision of this Agreement
      shall
      be
      invalid or unenforceable in any jurisdiction, such invalidity or
      unenforceability shall not affect the validity or enforceability of the
      remainder of this Agreement
      in
      that
      jurisdiction or the validity or enforceability of any provision of this
Agreement
      in
      any
      other jurisdiction.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    19. Entire
      Agreement; Amendments.
      This
Agreement
      supersedes
      all other prior oral or written agreements between Pledgor,
      Pledgee,
      and
      their affiliates and persons acting on their behalf with respect to the matters
      discussed herein, and this Agreement
      and
      the
Transaction
      Documents and
      instruments referenced herein and therein contain the entire understanding
      of
      the parties with respect to the matters covered herein and
      therein.

     

    20. Notices.
      All
      notices,
      approvals, requests, demands and other communications hereunder shall be
      delivered or made in the manner set forth in, and shall be effective in
      accordance with the terms of, the Security
      Agreement,
      directed to the notice address set forth therein.

     

    21. Successors
      and Assigns.
      This
Agreement
      shall
      be
      binding upon and inure to the benefit of the parties and their respective
      successors and assigns. Pledgor
      shall
      not
      assign this Agreement
      or
      any
      rights or obligations hereunder without the prior written consent of
Pledgee.
      Pledgee
      may
      assign its rights hereunder without the consent of Pledgor,
      in
      which event such assignee shall be deemed to be Pledgee
      hereunder
      with respect to such assigned rights.

     

    22. No
      Third Party Beneficiaries.
      This
Agreement
      is
      intended for the benefit of the parties hereto and their respective successors
      and permitted assigns, and is not for the benefit of, nor may any provision
      hereof be enforced by, any other person or entity.

     

    23. Survival.
      All
representations,
      warranties, covenants and agreements of Pledgor
      and
      Pledgee
      shall
      survive the execution and delivery of this Agreement.

     

    24. Further
      Assurances.
      Pledgor
      agrees
      that at any time and from time to time upon the written request of Pledgee,
      Pledgor
      will
      execute and deliver all assignments
      separate from certificates or stock powers,
      financing statements and such further documents and do such further acts and
      things as Pledgee
      may
      reasonably request consistent with the provisions hereof in order to carry
      out
      the intent and accomplish the purpose of this Agreement
      and
      the
      consummation of the transactions contemplated hereby.

     

    25. No
      Strict Construction.
      The
      language used in this Agreement
      will
      be
      deemed to be the language chosen by the parties to express their mutual intent,
      and no rules of strict construction will be applied against any
      party.

     

    26. Pledgee
      Authorized.
      Pledgor
      hereby
      authorizes Pledgee
      to
      file
      one or more financing or continuation statements and amendments thereto (or
      similar documents required by any laws of any applicable jurisdiction) relating
      to all or any part of the Pledged
      Shares or
      other
Pledged
      Collateral without
      the signature of Pledgor.

     

    27. Pledgee
      Acknowledgement.
      Pledgor
      acknowledges
      receipt of an executed copy of this Agreement.
      The
Pledgor
      waives
      the right to receive any amount that it may now or hereafter be entitled to
      receive (whether by way of damages, fine, penalty, or otherwise) by reason
      of
      the failure of the Pledgee
      to
      deliver to the Pledgor
      a
      copy of
      any financing statement or any statement issued by any registry that confirms
      registration of a financing statement relating to this Agreement.

     

    [Signature
      Page Follows]

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS
      WHEREOF, the parties hereto have caused this Pledge
      Agreement to
      be
      duly executed and delivered by their duly authorized officers on the date first
      above written.

    

    
      	
              PLEDGOR:

            
	 
	
              OPTIONS MEDIA GROUP HOLDINGS, INC.,
                

              a
                Nevada corporation

            
	 
	 
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              PLEDGEE:

            
	 
	
              CUSTOMER
                ACQUISITION NETWORK 

              HOLDINGS,
                INC., a Delaware corporation

            
	 
	 
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ACKNOWLEDGEMENT

    

    Each
      of
      the
      undersigned hereby (i)
      acknowledges
      receipt of a copy of the foregoing Pledge
      Agreement,
      (ii)
      waives
      any rights or requirement at any time hereafter to receive a copy of such
Pledge
      Agreement in
      connection with the registration of any Pledged
      Shares (as
      defined therein) in the name of Pledgee
      or
      its
      nominee or the exercise of voting rights by Pledgee
      and
      (iii)
      agrees
      promptly to note on its books and records the grant of the security interest
      in
      the stock or other equity interests of the undersigned as provided in such
      Pledge
      Agreement.
      

    

    Dated:
      _____
      __, 2008

    

    
      	
              OPTIONS
                ACQUISITION SUB, INC.,

            
	
              a
                Delaware corporation

            
	 
	 
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      A

    to
      Pledge Agreement

    

    DESCRIPTION
      OF
      CAPITAL
      STOCK OR EQUITY INTERESTS OF PLEDGE
      ENTITIES

    

    
      	
              Name
                of

              Pledge
                Entity

            	 	
              Class
                of Stock 

              or
                Other 

              Equity
                

              Interests

            	 	
              Authorized
                

              No.
                of

              Shares
                or 

              Units

            	 	
              Issued
                and 

              Outstanding
                

              Shares
                or 

              Units

            	 	
              Percentage
                of 

              Shares
                or Units

              Held
                by Pledgor

            
	
              Options
                Acquisitions Sub, Inc.

            	 	 	 	 	 	 	 	
              100.0%

            

    

    

    DESCRIPTION
      OF
      PLEDGED
      SHARES OR
      UNITS

    

    
      	
              Name
                of

              Pledge
                Entity

            	 	
              Class
                of Stock or 

              Other
                Equity 

              Interests

            	 	
              Stock
                or Unit 

              Certificate
                No.

            	 	
              No.
                of Shares or Units

            
	
              Options
                Acquisitions Sub, Inc.

            	 	 	 	 	 	
              12,250,000

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

    to
      Pledge Agreement

    

    Addendum
      to Pledge Agreement

    

    The
      undersigned,
      being the Pledgor
      pursuant
      to that certain Pledge
      Agreement dated
      as
      of _____ __, 2008 (as amended, restated, supplemented or otherwise modified
      from
      time to time, the “Pledge
      Agreement”)
      in
      favor of Viking Asset Management, a California
      limited
      liability company
      (“Pledgee”),
      by
      executing this Addendum, hereby acknowledges that Pledgor
      has
      acquired and legally and beneficially owns all of the issued and outstanding
      [
      shares
      of
      capital stock ] of
      [__________________,
      a _______ corporation ] (“Company”)
      described below (the “Shares”).
      Pledgor
      hereby
      agrees and acknowledges that the Shares
      shall
      be
      deemed Pledged
      Shares pursuant
      to the Pledge
      Agreement.
      Pledgor
      hereby
      represents and warrants to Pledgee
      that
      (i)
      all
      of
      the [
      capital stock ] of
      the
Company
      now
      owned
      by Pledgor
      is
      presently represented by the certificates listed below, which certificates,
      with
undated
      assignments
      separate from certificate
      or stock powers duly
      executed in blank by Pledgor,
      are
      being delivered to Pledgee,
      simultaneously herewith (or have been previously delivered to Pledgee),
      and
(ii)
      after
      giving effect to this addendum, the representations and warranties set forth
      in
      Section 3
      of
      the
Pledge
      Agreement are
      true,
      complete and correct as of the date hereof.

    

    Pledged
      Shares

    

    
      	
               

              Name
                of

              the
                Pledged Entity

            	 	
               

               

              Class
                of Equity Interest

            	 	
               

               

              Certificate
                No.

            	 	
               

               

              No.
                of Shares

            
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

    

    

    IN
      WITNESS
      WHEREOF, Pledgor
      has
      executed this Addendum this ___ day of ____________.

     

    
      	
              PLEDGOR:

            
	 
	
              OPTIONS MEDIA GROUP HOLDINGS, INC.,

            
	
              a
                Nevada corporation

            
	 
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            

    

    

    
      
        
        

      

      
        3GUARANTY

     

    This
      GUARANTY
      (as
      amended, restated, supplemented, or otherwise modified and in effect from time
      to time, this “Guaranty”)
      is
      made as of this ____ day of ____, 2008 , by Options
      Acquisition Sub,, Inc., a Delaware corporation (“the
      “Guarantor”)
      in
      favor of CUSTOMER
      ACQUISITION NETWORK HOLDINGS, INC.,
      a
      Delaware corporation.(the “Secured
      Party”).

     

    W
      I T N E S S E T H:

     

    WHEREAS,
      as of the date hereof, the Secured Party has made a loan and certain other
      financial accommodations (collectively, the “Loan”)
      to
OPTIONS
      MEDIA GROUP HOLDINGS, INC., a
      Nevada
      corporation (the “Company”),
      as
      evidenced by those certain secured senior note in an original aggregate
      principal amount of $_____________ (such
      note, together with any promissory notes or other securities issued in exchange
      or substitution therefor or replacement thereof, and as any of the same may
      be
      amended, supplemented, restated or modified and in effect from time to time,
      the
“Note”);

     

    WHEREAS,
      pursuant to a Pledge Agreement of even date herewith (as the same may be
      amended, restated, supplemented or otherwise modified and in effect from time
      to
      time, the “Pledge
      Agreement”)
      by the
      Company in favor of the Secured Party, the Company has created a lien on and
      security interest in all of the capital stock and other equity interests of
      the
      Guarantor to the Secured Party, and pledged such capital stock and equity
      interests to the Secured Party, for its benefit;

     

    WHEREAS,
      pursuant to a Security Agreement of even date herewith (as the same may be
      amended, restated, supplemented or otherwise modified and in effect from time
      to
      time, the “Security
      Agreement”)
      by the
“Debtors” (as defined therein) in favor of the Secured Party, such Debtors have
      granted the Secured Party , for its benefit, a first priority security interest
      in, and lien upon and pledge of each of their rights in the Collateral (as
      defined in the Security Agreement); and

     

    WHEREAS,
      the Guarantor is a direct subsidiary of the Company and, as such, will derive
      substantial benefit and advantage from the Loans and other financial
      accommodations available to the Company set forth in the Note, and it will
      be to
      each Guarantor’s direct interest and economic benefit to assist the Company in
      procuring said Loans and other financial accommodations from the Secured
      Party.

     

    NOW,
      THEREFORE,
      for and
      in consideration of the premises and in order to induce the Secured Party to
      make the Loans, and for other good and valuable consideration, the receipt
      and
      sufficiency of which are hereby acknowledged, the Guarantor hereby agrees as
      follows:

     

    1. Definitions.
      As
      used
      herein:

     

    “Bankruptcy
      Code”
shall
      mean
      the
      Federal Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et
      seq.),
      as
      amended and in effect from time to time thereunder.

     

    “Event
      of Default”
shall
      have the meaning ascribed to such term in the Note.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    “Obligations”
      shall
      mean (i) all obligations, liabilities and indebtedness of every nature of the
      Company from time to time owed or owing to the Secured Party, including, without
      limitation, all obligations, liabilities and indebtedness of every nature of
      the
      Company under the Loan, the Note, the Security Agreement and the other
      transaction documents, including, without limitation, the principal amount
      of
      all debts, claims and indebtedness, accrued and unpaid interest and all fees,
      taxes, indemnities, costs and expenses, whether primary, secondary, direct,
      contingent, fixed or otherwise, heretofore, now and/or from time to time
      hereafter owing, due or payable whether before or after the filing of a
      bankruptcy, insolvency or similar proceeding under applicable federal, state,
      foreign or other law and whether or not an allowed claim in any such proceeding,
      and (ii) all obligations, liabilities and indebtedness of every nature of
      the Guarantor from time to time owed or owing to the Secured Party, including,
      without limitation, all obligations, liabilities and indebtedness of every
      nature of the Guarantor under or in respect of this Guaranty, the Loan, the
      Note, the Pledge Agreement, the Security Agreement, and the other documents
      executed in relation to the Loan (the “Transaction
      Documents”),
      as
      the case may be, including, without limitation, the principal amount of all
      debts, claims and indebtedness, accrued and unpaid interest and all fees, taxes,
      indemnities, costs and expenses, whether primary, secondary, direct, contingent,
      fixed or otherwise, heretofore, now and/or from time to time hereafter owing,
      due or payable whether before or after the filing of a bankruptcy, insolvency
      or
      similar proceeding under applicable federal, state, foreign or other law and
      whether or not an allowed claim in any such proceeding.

     

    2. Guaranty
      of Payment.

     

    (a) The
      Guarantor hereby unconditionally and irrevocably guaranties the full and prompt
      payment and performance to the Secured Party when due, upon demand, at maturity
      or by reason of acceleration or otherwise and at all times thereafter, of any
      and all of the Obligations.

     

    (b) The
      Guarantor acknowledges that valuable consideration supports this Guaranty,
      including, without limitation, the consideration set forth in the recitals
      above, as well as any commitment to lend, extension of credit or other financial
      accommodation, whether heretofore or hereafter made by the Secured Party to
      the
      Company; any extension, renewal or replacement of any of the Obligations; any
      forbearance with respect to any of the Obligations or otherwise; any
      cancellation of an existing guaranty; any purchase of any of the Company’s
      assets by the Secured Party; or any other valuable consideration.

     

    (c) The
      Guarantor agrees that all payments under this Guaranty shall be made in United
      States currency and in the same manner as provided for the
      Obligations.

     

    (d) Notwithstanding
      any provision of this Guaranty to the contrary, it is intended that this
      Guaranty, and any interests, liens and security interests granted by the
      Guarantor as security for this Guaranty, not constitute a “Fraudulent
      Conveyance” (as defined below) in the event that this Guaranty or such interest
      is subject to the Bankruptcy Code or any applicable fraudulent conveyance or
      fraudulent transfer law or similar law of any state. Consequently, the Guarantor
      and the Secured Party agree that if this Guaranty, or any such interests, liens
      or security interests securing this Guaranty, would, but for the application
      of
      this sentence, constitute a Fraudulent Conveyance, this Guaranty and each such
      lien and security interest shall be valid and enforceable only to the maximum
      extent that would not cause this Guaranty or such interest, lien or security
      interest to constitute a Fraudulent Conveyance, and this Guaranty shall
      automatically be deemed to have been amended accordingly at all relevant times.
      For purposes hereof, “Fraudulent
      Conveyance”
means
      a
      fraudulent conveyance under Section 548 of the Bankruptcy Code or a fraudulent
      conveyance or fraudulent transfer under the provisions of any applicable
      fraudulent conveyance or fraudulent transfer law or similar law of any state,
      as
      in effect from time to time.

     

    3. Costs
      and Expenses. The
      Guarantor agrees to pay on demand, all costs and expenses of every kind incurred
      bythe Secured Party: (a) in enforcing this Guaranty, (b) in collecting any
      of
      the Obligations from the Company or the Guarantor, (c) in realizing upon or
      protecting or preserving any collateral for this Guaranty or for payment of
      any
      of the Obligations, and (d) in connection with any amendment of, modification
      to, waiver or forbearance granted under, or enforcement or administration of
      any
      transaction document or for any other purpose in connection with any transaction
      document. “Costs
      and expenses”
as
      used
      in the preceding sentence shall include, without limitation, reasonable
      attorneys’ fees incurred by the Secured Party in retaining counsel for advice,
      suit, appeal, any insolvency or other proceedings under the Bankruptcy Code
      or
      otherwise, or for any other purpose specified in the preceding
      sentence.

     

    
      
         

      

      
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    4. Nature
      of Guaranty: Continuing, Absolute and Unconditional.

     

    (a) This
      Guaranty is and is intended to be a continuing guaranty of payment of the
      Obligations, and not of collection, and is intended to be independent of and
      in
      addition to any other guaranty, indorsement, collateral or other agreement
      held
      by the Secured Party therefor or with respect thereto, whether or not furnished
      by the Guarantor. The Secured Party shall not be required to prosecute
      collection, enforcement or other remedies against Company, the Guarantor or
      guarantor of the Obligations or any other person or entity, or to enforce or
      resort to any of the Collateral or other rights or remedies pertaining thereto,
      before calling on the Guarantor for payment. The obligations of the Guarantor
      to
      repay the Obligations hereunder shall be unconditional. The Guarantor shall
      have
      no right of subrogation with respect to any payments made by the Guarantor
      hereunder until the termination of this Guaranty in accordance with Section
      8
      below,
      and hereby waives any benefit of, and any right to participate in, any security
      or collateral given to the Secured Party to secure payment of the Obligations,
      and the Guarantor agrees that it will not take any action to enforce any
      obligations of the Company to the Guarantor prior to the Obligations being
      finally and irrevocably paid in full in cash, provided
      that, in
      the event of the bankruptcy or insolvency of the Company, the Secured Party
      shall be entitled notwithstanding the foregoing, to file in the name of the
      Guarantor or in its own name a claim for any and all indebtedness owing to
      the
      Guarantor by the Company (exclusive of this Guaranty), vote such claim and
      to
      apply the proceeds of any such claim to the Obligations.

     

    (b) For
      the
      further security of the Secured Party and without in any way diminishing the
      liability of the Guarantor, following the occurrence of an Event of Default,
      all
      debts and liabilities, present or future of the Company to the Guarantor and
      all
      monies received from the Company or for its account by the Guarantor in respect
      thereof shall be received in trust for the Secured Party and forthwith upon
      receipt shall be paid over to the Secured Party, for its benefit, until all
      of
      the Obligations have been finally and irrevocably paid in full in cash. This
      assignment and postponement is independent of and severable from this Guaranty
      and shall remain in full effect whether or not the Guarantor is liable for
      any
      amount under this Guaranty.

     

    (c) This
      Guaranty is absolute and unconditional and shall not be changed or affected
      by
      any representation, oral agreement, act or thing whatsoever, except as herein
      provided. This Guaranty is intended by the Guarantor to be the final, complete
      and exclusive expression of the guaranty agreement between the Guarantor and
      the
      Secured Party. No modification or amendment of any provision of this Guaranty
      shall be effective against any party hereto unless in writing and signed by
      a
      duly authorized officer of such party.

     

    (d) The
      Guarantor hereby releases the Company from all, and agrees not to assert or
      enforce (whether by or in a legal or equitable proceeding or otherwise) any
      “claims” (as defined in Section 101(5) of the Bankruptcy Code), whether arising
      under any law, ordinance, rule, regulation, order, policy or other requirement
      of any domestic or foreign government or any instrumentality or agency thereof,
      having jurisdiction over the conduct of its business or assets or otherwise,
      to
      which the Guarantor is or would at any time be entitled by virtue of its
      obligations hereunder, any payment made pursuant hereto or the exercise by
      the
      Secured Party of its rights with respect to the Collateral, including any such
      claims to which the Guarantor may be entitled as a result of any right of
      subrogation, exoneration or reimbursement.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    5. Certain
      Rights and Obligations.

     

    (a) The
      Guarantor acknowledges and agrees that the Secured Party may, without notice,
      demand or any reservation of rights against the Guarantor and without affecting
      the Guarantor’s obligations hereunder, from time to time:

     

    (i) renew,
      extend, increase, accelerate or otherwise change the time for payment of, the
      terms of or the interest on the Obligations or any part thereof or grant other
      indulgences to the Company or others;

     

    (ii) accept
      from any person or entity and hold collateral for the payment of the Obligations
      or any part thereof, and modify, exchange, enforce or refrain from enforcing,
      or
      release, compromise, settle, waive, subordinate or surrender, with or without
      consideration, such collateral or any part thereof;

     

    (iii) accept
      and hold any indorsement or guaranty of payment of the Obligations or any part
      thereof, and discharge, release or substitute any such obligation of any such
      indorser or guarantor, or discharge, release or compromise the Guarantor, or
      any
      other person or entity who has given any security interest in any collateral
      as
      security for the payment of the Obligations or any part thereof, or any other
      person or entity in any way obligated to pay the Obligations or any part
      thereof, and enforce or refrain from enforcing, or compromise or modify, the
      terms of any obligation of any such indorser, guarantor, or person or
      entity;

     

    (iv) dispose
      of any and all collateral securing the Obligations in any manner as the
      Collateral Agent, in its sole discretion, may deem appropriate, and direct
      the
      order or manner of such disposition and the enforcement of any and all
      endorsements and guaranties relating to the Obligations or any part thereof
      as
      the Secured Party t in its sole discretion may determine;

     

    (v) determine
      the manner, amount and time of application of payments and credits, if any,
      to
      be made on all or any part of any component or components of the Obligations
      (whether principal, interest, fees, costs, and expenses, or otherwise),
      including, without limitation, the application of payments received from any
      source to the payment of indebtedness other than the Obligations even though
      the
      Secured Party might lawfully have elected to apply such payments to the
      Obligations to amounts which are not covered by this Guaranty; and

     

    (vi) take
      advantage or refrain from taking advantage of any security or accept or make
      or
      refrain from accepting or making any compositions or arrangements when and
      in
      such manner as the Secured Party, in its sole discretion, may deem
      appropriate;

     

    and
      generally do or refrain from doing any act or thing which might otherwise,
      at
      law or in equity, release the liability of the Guarantor as a guarantor or
      surety in whole or in part, and in no case shall the Secured Party be
      responsible or shall the Guarantor be released either in whole or in part for
      any act or omission in connection with the Secured Party having sold any
      security at less than its value.

     

    (b) Following
      the occurrence of an Event of Default, and upon demand by the Secured Party,
      the
      Guarantor hereby agrees to pay the Obligations to the extent hereinafter
      provided:

     

    (i) without
      deduction by reason of any setoff, defense (other than payment) or counterclaim
      of the Company or the Guarantor;

     

    (ii) without
      requiring presentment, protest or notice of nonpayment or notice of default
      to
      the Guarantor, to the Company or to any other person or entity;

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    (iii) without
      demand for payment or proof of such demand or filing of claims with a court
      in
      the event of receivership, bankruptcy or reorganization of the Company or the
      Guarantor;

     

    (iv) without
      requiring the Secured Party to resort first to the Company (this being a
      guaranty of payment and not of collection) or to any other guaranty or any
      collateral which the Secured Party may hold;

     

    (v) without
      requiring notice of acceptance hereof or assent hereto by the Secured Party;
      and

     

    (vi) without
      requiring notice that any of the Obligations has been incurred, extended or
      continued or of the reliance by the Secured Party upon this
      Guaranty;

     

    all
      of
      which the Guarantor hereby waives.

     

    (c) The
      Guarantor’s obligation hereunder shall not be affected by any of the following,
      all of which the Guarantor hereby waives:

     

    (i) any
      failure to perfect or continue the perfection of any security interest in or
      other lien on any collateral securing payment of any of the Obligations or
      the
      Guarantor’s obligation hereunder;

     

    (ii) the
      invalidity, unenforceability, propriety of manner of enforcement of, or loss
      or
      change in priority of any document or any such security interest or other lien
      or guaranty of the Obligations;

     

    (iii) any
      failure to protect, preserve or insure any such collateral;

     

    (iv) failure
      of the Guarantor to receive notice of any intended disposition of such
      collateral;

     

    (v) any
      defense arising by reason of the cessation from any cause whatsoever of
      liability of the Company including, without limitation, any failure, negligence
      or omission by the Guarantor in enforcing its claims against the
      Company;

     

    (vi) any
      release, settlement or compromise of any obligation of the Company, or any
      other
      guarantor of the Obligations;

     

    (vii) the
      invalidity or unenforceability of any of the Obligations;

     

    (viii) any
      change of ownership of the Company or any other guarantor of the Obligations
      or
      the insolvency, bankruptcy or any other change in the legal status of the
      Company, or any other guarantor of the Obligations;

     

    (ix) any
      change in, or the imposition of, any law, decree, regulation or other
      governmental act which does or might impair, delay or in any way affect the
      validity, enforceability or the payment when due of the
      Obligations;

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (x) the
      existence of any claim, setoff or other rights which the Guarantor, Company,
      or
      guarantor of the Obligations or any other person or entity may have at any
      time
      against the Secured Party or the Company in connection herewith or any unrelated
      transaction;

     

    (xi) 
      the
      Secured Party’s election in any case instituted under chapter 11 of the
      Bankruptcy Code, of the application of section 1111(b)(2) of the Bankruptcy
      Code;

     

    (xii) any
      use
      of cash collateral, or grant of a security interest by the Company, as debtor
      in
      possession, under sections 363 or 364 of the Bankruptcy Code;

     

    (xiii) the
      disallowance of all or any portion of any of the Secured Party’s claims for
      repayment of the Obligations under sections 502 or 506 of the Bankruptcy Code;
      or

     

    (xiv) any
      other
      fact or circumstance which might otherwise constitute grounds at law or equity
      for the discharge or release of the Guarantor from its obligations hereunder,
      all whether or not the Guarantor shall have had notice or knowledge of any
      act
      or omission referred to in the foregoing clauses (i) through (xiii) of this
      Section 5(c).

     

    6. Representations
      and Warranties. The
      Guarantor further represents and warrants to the Secured Party that: (a) the
      Guarantor is a corporation or other entity duly incorporated or organized,
      as
      applicable, validly existing and in good standing under the laws of the
      jurisdiction of its incorporation or formation, as applicable, and has full
      power, authority and legal right to own its property and assets and to transact
      the business in which it is engaged; (b) the Guarantor has full power, authority
      and legal right to execute and deliver, and to perform its obligations under,
      this Guaranty, and has taken all necessary action to authorize the guarantee
      hereunder on the terms and conditions of this Guaranty and to authorize the
      execution, delivery and performance of this Guaranty; (c) this Guaranty has
      been
      duly executed and delivered by the Guarantor and constitutes a legal, valid
      and
      binding obligation of the Guarantor enforceable against the Guarantor in
      accordance with its terms, except to the extent that such enforceability is
      subject to applicable bankruptcy, insolvency, reorganization, fraudulent
      conveyance and moratorium laws and other laws of general application affecting
      enforcement of creditors’ rights generally, or the availability of equitable
      remedies, which are subject to the discretion of the court before which an
      action may be brought; and (d) the execution, delivery and performance by the
      Guarantor of this Guaranty do not require any action by or in respect of, or
      filing with, any governmental body, agency or official and do not violate,
      conflict with or cause a breach or a default under any provision of applicable
      law or regulation or of the organizational documents of the Guarantor or of
      any
      agreement, judgment, injunction, order, decree or other instrument binding
      upon
      it.

     

    7. [Reserved]

     

    8. Termination. This
      Guaranty shall not terminate until such
      time, if any, as (i) all Indebtedness under the Note secured hereby shall be
      finally and irrevocably paid in full in cash, (ii) no Note shall remain
      outstanding, and (iii) there shall exist no other outstanding payment or
      reimbursement obligations (other than contingent indemnification obligations
      for
      which no claims shall have been asserted) of the Company or the Guarantor to
      the
      Secured Party under any of the transaction documents. Thereafter, but subject
      to
      the following, this Guaranty shall automatically terminate and the Secured
      Party
      take such action and execute such documents as the Guarantor may request (and
      at
      the Guarantor’s cost and expense) in order to evidence the termination of this
      Guaranty. The Guarantor further agrees that, to the extent that the Company
      makes a payment or payments to the Secured Party on the Obligations, or the
      Secured Party receive any proceeds of collateral securing the Obligations or
      any
      other payments with respect to the Obligations, which payment or receipt of
      proceeds or any part thereof is subsequently invalidated, declared to be
      fraudulent or preferential, set aside or required to be returned or repaid
      to
      the Company, its estate, trustee, receiver, debtor in possession or any other
      person or entity, including, without limitation, the Guarantor, under any
      insolvency or bankruptcy law, state or federal law, common law or equitable
      cause, then to the extent of such payment, return or repayment, the obligation
      or part thereof which has been paid, reduced or satisfied by such amount shall
      be reinstated and continued in full force and effect as of the date when such
      initial payment, reduction or satisfaction occurred, and this Guaranty shall
      continue in full force notwithstanding any contrary action which may have been
      taken by the Secured Party in reliance upon such payment, and any such contrary
      action so taken shall be without prejudice to the Secured Party’s rights under
      this Guaranty and shall be deemed to have been conditioned upon such payment
      having become final and irrevocable.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    9. Guaranty
      of Performance. The
      Guarantor also guaranties the full, prompt and unconditional performance of
      all
      obligations and agreements of every kind owed or hereafter to be owed by the
      Company to the Secured Party under the Transaction Documents. Every provision
      for the benefit of the Secured Party contained in this Guaranty shall apply
      to
      the guaranty of performance given in this paragraph.

     

    10. Assumption
      of Liens and Obligations. To
      the
      extent that the Guarantor has received or shall hereafter receive distributions
      or transfers from the Company of property or cash that are subject, at the
      time
      of such contribution, to liens and security interests in favor of the Secured
      Party in accordance with the Note, the Security Agreement or the Pledge
      Agreement, the Guarantor hereby expressly agrees that (i) it shall hold such
      assets subject to such liens and security interests, and (ii) it shall be liable
      for the payment of the Obligations secured thereby. The Guarantor’s obligations
      under this Section
      10
      shall be
      in addition to its obligations as set forth in other sections of this Guaranty
      and not in substitution therefor or in lieu thereof.

     

    11. Miscellaneous.

     

    (a) The
      terms
“Company” and “Guarantor” as used in this Guaranty shall include: (i) any
      successor individual or individuals, association, partnership, limited liability
      company or corporation to which all or substantially all of the business or
      assets of the Company or the Guarantor shall have been transferred and (ii)
      any
      other association, partnership, limited liability company, corporation or entity
      into or with which the Company or the Guarantor shall have been merged,
      consolidated, reorganized, or absorbed.

     

    (b) Without
      limiting any other right of a the Secured Party, whenever the Secured Party
      has
      the right to declare any of the Obligations to be immediately due and payable
      (whether or not it has been so declared), the Secured Party, at its sole
      election without notice to the undersigned may appropriate and set off against
      the Obligations:

     

    (i) any
      and
      all indebtedness or other moneys due or to become due to the Guarantor by the
      Secured Party; and

     

    (ii) any
      credits or other property belonging to the Guarantor (including all account
      balances, whether provisional or final and whether or not collected or
      available) at any time held by or coming into the possession of the Secured
      Party, or any affiliate of the Secured Party, whether for deposit or
      otherwise;

     

    whether
      or not the Obligations or the obligation to pay such moneys owed by the Secured
      Party is then due, and the Secured Party shall be deemed to have exercised
      such
      right of set off immediately at the time of such election even though any charge
      therefor is made or entered on the Secured Party’s records subsequent thereto.
      The Secured Party agrees to notify the Guarantor in a reasonably practicable
      time of any such set-off; however, failure to so notify the Guarantor shall
      not
      affect the validity of any set-off.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    (c) The
      Guarantor’s obligation hereunder is to pay the Obligations in full in cash when
      due according to the Transaction Documents and the other agreements, documents
      and instruments governing the Obligations to the extent provided herein, and
      shall not be affected by any stay or extension of time for payment by the
      Company resulting from any proceeding under the Bankruptcy Code or any similar
      law.

     

    (d) No
      course
      of dealing between the Company or the Guarantor and the Secured Party and no
      act, delay or omission by the Secured Party in exercising any right or remedy
      hereunder or with respect to any of the Obligations shall operate as a waiver
      thereof or of any other right or remedy, and no single or partial exercise
      thereof shall preclude any other or further exercise thereof or the exercise
      of
      any other right or remedy. The Secured Party may remedy any default by the
      Company under any agreement with the Company or with respect to any of the
      Obligations in any reasonable manner without waiving the default remedied and
      without waiving any other prior or subsequent default by the Company. All rights
      and remedies of the Secured Party hereunder are cumulative.

     

    (e) This
      Guaranty shall inure to the benefit of the Secured Party and each such entity’s
      successors and assigns.

     

    (f) The
      Secured Party may assign its rights hereunder without the consent of the
      Guarantor, in which event such assignee shall be deemed to be the Secured Party
      hereunder with respect to such assigned rights.

     

    (g) Captions
      of the sections of this Guaranty are solely for the convenience of the parties
      hereto, and are not an aid in the interpretation of this Guaranty and do not
      constitute part of the agreement of the parties set forth herein.

     

    (h) If
      any
      provision of this Guaranty is unenforceable in whole or in part for any reason,
      the remaining provisions shall continue to be effective.

     

    (i) All
      questions concerning the construction, validity, enforcement and interpretation
      of this Guaranty shall be governed by the internal laws of the State of New
      York, without giving effect to any choice of law or conflict of law provision
      or
      rule (whether of the State of New York or any other jurisdiction) that would
      cause the application of the laws of any jurisdiction other than the State
      of
      New York. The Guarantor hereby irrevocably submits to the exclusive jurisdiction
      of the state and federal courts sitting in the City of New York, borough of
      Manhattan, for the adjudication of any dispute hereunder or in connection
      herewith or with any transaction contemplated hereby or discussed herein, and
      hereby irrevocably waives, and agrees not to assert in any suit, action or
      proceeding, any claim that it is not personally subject to the jurisdiction
      of
      any such court, that such suit, action or proceeding is brought in an
      inconvenient forum or that the venue of such suit, action or proceeding is
      improper. The Guarantor hereby irrevocably waives personal service of process
      and consents to process being served in any such suit, action or proceeding
      by
      mailing a copy thereof to such party at the address for such notices to it
      under
      this Guaranty and agrees that such service shall constitute good and sufficient
      service of process and notice thereof. Nothing contained herein shall be deemed
      to limit in any way any right to serve process in any manner permitted by law.
      The parties acknowledge that the Secured Party has executed each of the
      transaction documents to be executed by it in the State of New York.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    (j) Notices.
      All
      notices, approvals, requests, demands and other communications hereunder shall
      be delivered or made in the manner set forth in, and shall be effective in
      accordance with the terms of, and , directed to the notice address set forth
      in
      the Security Agreement; provided, that any communication shall be effective
      as
      to the Guarantor if made or sent to the Company in accordance with the
      foregoing.

     

    12. WAIVERS.

     

    (a) THE
      GUARANTOR WAIVES THE BENEFIT OF ALL VALUATION, APPRAISAL AND EXEMPTION
      LAWS.

     

    (b) UPON
      THE OCCURRENCE OF A DEFAULT OR EVENT OF DEFAULT, THE GUARANTOR HEREBY WAIVES
      ALL
      RIGHTS TO NOTICE AND HEARING OF ANY KIND PRIOR TO THE EXERCISE BY THE SECURED
      PARTY OF ITS RIGHTS TO REPOSSESS THE COLLATERAL WITHOUT JUDICIAL PROCESS OR
      TO
      REPLEVY, ATTACH OR LEVY UPON THE COLLATERAL WITHOUT PRIOR NOTICE OR HEARING.
      EACH GUARANTOR ACKNOWLEDGES THAT IT HAS BEEN ADVISED BY COUNSEL OF ITS CHOICE
      WITH RESPECT TO THIS TRANSACTION AND THIS GUARANTY.

     

    (c) THE
      GUARANTOR WAIVES ITS RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION
      BASED UPON OR ARISING OUT OF OR RELATED TO THIS GUARANTY, OR THE TRANSACTIONS
      CONTEMPLATED HEREBY, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE
      BROUGHT BY ANY PARTY TO THIS GUARANTY. THE GUARANTOR AGREES THAT ANY SUCH CLAIM
      OR CAUSE OF ACTION SHALL BE TRIED BY A COURT TRIAL WITHOUT A JURY. WITHOUT
      LIMITING THE FOREGOING, THE GUARANTOR FURTHER AGREES THAT ITS RIGHT TO A TRIAL
      BY JURY IS WAIVED BY OPERATION OF THIS SECTION AS TO ANY ACTION, COUNTERCLAIM
      OR
      OTHER PROCEEDING WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY
      OR
      ENFORCEABILITY OF THIS GUARANTY OR ANY PROVISION HEREOF. THIS WAIVER SHALL
      APPLY
      TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS
      GUARANTY.

     

    13. Payments
      Free of Taxes.

     

    (a) Definitions.
      In this
Section
      13:

     

    (i) “Excluded
      Taxes”
means,
      with respect to the Secured Party, or any other recipient of any payment to
      be
      made by or on account of any obligations of the Guarantor under this Guaranty,
      or under the Security Agreement or the Pledge Agreement, income or franchise
      taxes imposed on (or measured by) its net income by any jurisdiction under
      the
      laws of which such recipient is organized or in which its principal office
      is
      located.

     

    (ii) “Governmental
      Authority”
means
      the government of the United States of America or any other nation, or any
      political subdivision thereof, whether state or local, or any agency, authority,
      instrumentality, regulatory body, court, central bank or other entity exercising
      executive, legislative, judicial, taxing, regulatory or administrative powers
      or
      functions of or pertaining to government over the Company or any of its
      Subsidiaries, or any of their respective properties, assets or
      undertakings.

     

    (iii) “Indemnified
      Taxes”
means
      Taxes other than Excluded Taxes.

     

    
      
         

      

      
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    (iv) “Taxes”
means
      any and all present or future taxes, levies, imposts, duties, deductions,
      charges or withholdings imposed by any Governmental Authority.

     

    (b) Any
      and
      all payments by or on account of any obligation of any of the Guarantor under
      this Guaranty or the Security Agreement or the Pledge Agreement shall be made
      without any set-off, counterclaim or deduction and free and clear of and without
      deduction for any Indemnified Taxes; provided that if the Guarantor shall be
      required to deduct any Indemnified Taxes from such payments, then (i) the sum
      payable shall be increased as necessary so that after making all required
      deductions (including deductions applicable to additional sums payable under
      this Section
      14(b)),
      the
      Secured Party receives an amount equal to the sum it would have received had
      no
      such deductions been made, (ii) the Guarantor shall make such deductions and
      (iii) the Guarantor shall pay the full amount deducted to the relevant
      Governmental Authority in accordance with applicable law.

     

    (c) Indemnification
      by the Guarantor.
      The
      Guarantor shall indemnify the the Secured Party within ten (10) days after
      written demand therefor, for the full amount of any Indemnified Taxes paid
      by
      the Secured Party, on or with respect to any payment by or on account of any
      obligation of the Guarantor under this Guaranty and the Security Agreement
      and
      the Pledge Agreement (including Indemnified Taxes or imposed or asserted on
      or
      attributable to amounts payable under this Section
      14)
      and any
      penalties, interest and reasonable expenses arising therefrom or with respect
      thereto, whether or not such Indemnified Taxes were correctly or legally imposed
      or asserted by the relevant Governmental Authority. The Secured Party shall
      provide the Guarantor reasonably prompt notification of the assessment and
      pay
      the Indemnified Taxes to the Governmental Authority promptly following receipt
      of indemnification therefor from the Guarantor. A certificate of the Secured
      Party as to the amount of such payment or liability under this Section
      13
      shall be
      delivered to the Guarantor and shall be conclusive absent manifest
      error.

     

    (d)  Refunds.
      If the
      Secured Party receives a refund in respect of any Indemnified Taxes as to which
      it has been indemnified by the Guarantor or with respect to which the Guarantor
      has paid additional amounts pursuant to this Section
      13,
      it
      shall within 30 days from the date of such receipt pay over such refund to
      the
      Guarantor (but only to the extent of additional amounts paid by the Guarantor
      under this Section
      13
      with
      respect to the Indemnified Taxes giving rise to the refund), net of all
      reasonable out-of-pocket expenses of the Secured Party and without interest
      (other than interest paid by the relevant Governmental Authority with respect
      to
      such refund); provided that the Guarantor, upon the request of the Secured
      Party
      , agrees to repay the amount paid over to the Guarantor (plus any penalties,
      interest or other charges imposed by the relevant Governmental Authority) to
      the
      Secured Party in the event the Secured Party is required to repay such refund
      to
      such Governmental Authority. This paragraph shall not be construed to require
      the Secured Party to make available its tax returns (or any other information
      relating to its taxes that it deems confidential) to the Guarantor or any other
      person.

     

    14. Counterparts;
      Headings.
      This
      Guaranty may be executed in two or more identical counterparts, all of which
      shall be considered one and the same agreement and shall become effective when
      counterparts have been signed by each party and delivered to each other party;
      provided that a facsimile, .pdf or similar electronically transmitted signature
      shall be considered due execution and shall be binding upon the signatory
      thereto with the same force and effect as if the signature were an original
      signature.
      The
      headings in this Guaranty are for convenience of reference only and shall not
      alter or otherwise affect the meaning hereof.

     

    [rest
      of
      page intentionally left blank; signature page follows]

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the Guarantor has executed this Guaranty as of the date first
      written above.

     

    
      	 	
              GUARANTOR:

            
	 	 
	 	
              OPTIONS
                ACQUISITION SUB, INC.,

            
	 	
              a
                Delaware corporation

            
	 	 
	 	
              By: 

            	 
	 	 	
              Name:
                Scott Frohman

            
	 	 	
              Title:  
                Chief Executive Officer

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      A

    

    Form
      of Joinder

    Joinder
      to Guaranty

    

    The
      undersigned, [__________] a [__________], hereby joins in the execution of
      that
      certain Guaranty dated as of _____ __, 2008 (the “Guaranty”),
      by
      Options Acquisition Sub, Inc., a Delaware corporation, and each other person
      or
      entity that becomes a Guarantor thereunder after such date and pursuant to
      the
      terms thereof, to and in favor of Customer Acquisition Network Holdings, Inc.,
      as secured party. By executing this Joinder, the undersigned hereby agrees
      that
      it is a Guarantor thereunder with the same force and effect as if originally
      named therein as a Guarantor. The undersigned agrees to be bound by all of
      the
      terms and provisions of the Guaranty and represents and warrants that the
      representations and warranties set forth in Section
      6
      of the
      Guaranty are, with respect to the undersigned, true and correct as of the date
      hereof. Each reference to a Guarantor in the Guaranty shall be deemed to include
      the undersigned.

     

    In
      Witness Whereof, the undersigned has executed this Joinder this ___ day of
      _________, 200_.

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