Document:

Unassociated Document

    Exhibit 10.5

    SECURITY
INTEREST AND PLEDGE AGREEMENT

    

    SECURITY
INTEREST AND PLEDGE AGREEMENT (“Pledge Agreement”) dated as of April 25, 2008,
by and among Professional Offshore Opportunity Fund (“Secured Party”), and
Inform Worldwide Holdings, Inc., a Florida corporation having its principal
executive offices at 2501 North Green Valley Parkway, Suite 111, Henderson,
Nevada 89014 (the
“Company” or the “Debtor”), and Ashvin Mascarenhas
(“Pledgor”).

    

    RECITALS

    

               A.           Reference
is made to (i) that certain Purchase Agreement of even date herewith (the
“Purchase Agreement”) to which the Company and the Secured Party are parties,
and (ii) the Transaction Documents (as that term is defined in the Purchase
Agreement), including, without limitation, the Note.  Capitalized
terms not otherwise defined herein shall have the meanings ascribed to them in
the relevant Transaction Documents.

    

               B.           Pursuant
to the Transaction Documents, the Debtor has certain obligations to the Secured
Party (all such obligations, the “Obligations”), including, but not limited to,
obligations to pay principal and interest of the Note, which was issued in the
original aggregate principal amount of $750,000, on the Maturity
Date.  The Note Obligations are secured by (i) all of the assets of
the Company, and (ii) by the pledge of certain preferred stock of the
Company.  The obligations of the Company and of the Pledgor, if any,
under the Note are referred to collectively as the “Note
Obligations.”

    

    C.           To
secure the Note Obligations, the Pledgor has agreed to pledge certain shares of
Preferred Stock of the Company held by the Pledgor to the Secured Party as
security for the performance of the Note Obligations.

    

    D.           The
Pledgor is a preferred shareholder of the Debtor and has determined that it is
in the Pledgor’s best interests, including to the benefit of the other interests
of the Pledgor in the Company, to provide the pledge referred to
herein.

    

    E.           The
Secured Party is willing to enter into the Purchase Agreement and the other
Transaction Documents only upon receiving the Pledgor’s pledge of certain
preferred stock of the Company, as set forth in this Pledge
Agreement.

    

    NOW,
THEREFORE, in consideration of the premises, the mutual covenants and conditions
contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

     

     

    
      
         

      

      
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    1.           Grant of Security
Interest.

    

    (a)           To
secure the Note Obligations of Debtor, the Pledgor hereby pledges to the Secured
Party all of the shares of Preferred Stock (the “Pledged Shares”) set forth on
the attached Schedule 2 of this Agreement.  Unless otherwise set forth
on Schedule 2 of this Agreement, the Pledgor is the beneficial and record owner
of the Pledged Shares set forth opposite the Pledgor’s name on such
Schedule.  Such Pledged Shares, together with any substitutes
therefor, or proceeds thereof, are hereinafter referred to collectively as the
“Collateral.”

    

    (b)           The
Company represents and warrants to the Secured Party that the Pledged Shares are
duly authorized, validly issued, fully paid and non-assessable and that it will
not permit the transfer of the Pledged Shares except in accordance with this
Pledge Agreement while the same is in effect.

    

    2.           Obligations
Secured.  During the term hereof, the Collateral shall secure
the following:

    

    (a)           The
performance by the Company of the Note Obligations; and

    

    (b)           The
payment of all fees and the delivery of all stock other than principal and
interest under (i) the Note, and (ii) any other agreements executed by the
Company and the Secured Party.

    

    (c)           The
performance by the Pledgor of his obligations, covenants, and agreements under
this Agreement.

    

    The
obligations, covenants and agreements described in clauses (a), (b) and (c) are
the “Obligations.”

    

    3.           Perfection of Security
Interests.  Upon execution of this Pledge Agreement by the
Debtor and the Pledgor,

    

                          (a)           the
Pledgor shall deliver and transfer possession of the stock certificates
identified opposite the Pledgor’s name on Schedule 2 of this Agreement (the
“Pledged Certificates”), together with stock transfer powers duly executed in
blank by the registered owner of the shares represented by such Certificates,
with appropriate Medallion signature guaranty (“Stock Powers”), to the Secured
Party.

    

                          (b)           The
Collateral will be held by the Secured Party or the Brokerage Firm, to perfect
the security interest of the Secured Party, until the earlier of

    

    (i) the
payment in full of all amounts due under the Note, or

    

    (ii)
foreclosure of Secured Party's security interests as provided
herein.

    

    (c)           The
Debtor and the Pledgor hereby appoint the Secured Party, as attorney-in-fact
with powers of substitution, to execute all documents and perform all acts in
order to perfect and maintain a valid security interest for Secured Party in the
Collateral.

    

               4.           Reserved.

    

               5.           Pledgor’s
Warranty.  The Pledgor represents and warrants hereby to the
Secured Party as follows with respect to the Pledged Shares set forth opposite
the Pledgor’s name on Schedule 2 to this Agreement:

    

    A.           With respect to title to the
Transferred Shares

    

    (i)           that
upon transfer by the Pledgor of the Pledgor’s Certificates and Stock Powers to
Secured Party pursuant to this Agreement at such time, if any, as contemplated
hereby upon the occurrence of an Event of Default, the purchaser of the Pledged
Shares or the Secured Party, as contemplated herein, as the case may be, will
have good title (both record and beneficial) to the relevant Pledged
Shares;

    

    (ii)           that
there are no restrictions upon transfer and pledge of the Pledged Shares
pursuant to the provisions of this Agreement except the restrictions, to the
extent applicable, imposed by Rule 144 under the Securities Act of
1933;

     

     

    
 

    
      
         

      

      
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    (iii)           that
the Pledged Shares are free and clear of any encumbrances of every nature
whatsoever, the Pledgor is the sole owner of the Pledged Shares, and such shares
are duly authorized, validly issued, fully paid and non-assessable;

    

    (iv)           that
the Pledgor has owned the Pledged Shares since the date specified on Schedule 2
to this Agreement and that such shares were fully paid for as of such specified
date; and

    

    (v)           that
the Pledgor agrees not to grant or create, any security interest, claim, lien,
pledge or other encumbrance with respect to the Pledgor’s Pledged Shares or
attempt to sell, transfer or otherwise dispose of any of such shares until the
Obligations have been paid in full or this Agreement has
terminated.

    

    B.           With respect to certain
other matters:

    

    (i)           that
the Pledgor has made necessary inquiries of the Company and believes that the
Company fully intends to fulfill and has the capability of fulfilling the
Obligations to be performed by the Company in accordance with the terms of the
Transaction Documents;

    

    (ii)           that
the Pledgor is not acting, and has not agreed to act, in any plan to sell or
dispose of the Pledged Shares in a manner intended to circumvent the
registration requirements of the Securities Act of 1933, as amended, or any
applicable state law;

    

    (iii)           that
Pledgor has been advised by counsel of the elements of a bona-fide pledge for
purposes of Rule 144(d)(3)(iv) under the Securities Act of 1933, as amended,
including the relevant SEC interpretations and affirms the pledge of shares by
the Pledgor pursuant to this Pledge Agreement will constitute a bona-fide pledge
of such shares for purposes of such Rule; and

    

    (iv)           that
this Pledge Agreement constitutes a legal, valid and binding obligation of the
Pledgor enforceable in accordance with its terms (except as the enforcement
thereof may be limited by bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium, and similar laws, now or hereafter in
effect).

    

    (v)           that
the Pledgor’s address is as provided under the Pledgor’s signature on the
signature page hereof.

    

    6.           Reports under Securities Act
and Exchange Act.  With a view to making available to Secured
Party the benefits of Rule 144 promulgated under the Securities Act or any other
similar rule or regulation of the SEC that may at any time permit Secured Party
to sell securities of the Company to the public without Registration (“Rule
144”), the Company agrees to:

    

    (i)           make
and keep public information available, as those terms are understood and defined
in Rule 144;

    

    (ii)           file
with the SEC in a timely manner all reports and other documents required of the
Company under the Securities Act and the Exchange Act; and

    

    (iii)           until
the  date when the Secured Party may sell all Registrable Securities
under Rule 144 without volume or other restrictions or limits (the “Unrestricted
Sale Date”), furnish to the Secured Party so long as the Secured Party owns or
has a security interest in the Pledged Shares (a “Holder”), promptly upon
request, (i) a written statement by the Company that it has complied with the
reporting requirements of Rule 144, the Securities Act and the Exchange Act,
(ii) if not available on the SEC’s EDGAR system, a copy of the most recent
annual or quarterly report of the Company and such other reports and documents
so filed by the Company and (iii) such other information as may be reasonably
requested to permit the Secured Party to sell such securities pursuant to Rule
144 without registration; and

    

    
      
         

      

      
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    (d)           at
the request of any Holder, give its Transfer Agent instructions (supported by an
opinion of the Company’s counsel, if required or requested by the Transfer
Agent) to the effect that, upon the Transfer Agent’s receipt from such Holder
of

    

    (i) a
certificate (a “Rule 144 Certificate”) certifying (A) that the Holder’s holding
period (as determined in accordance with the provisions of Rule 144) for the
Pledged Shares which the Holder proposes to sell (the “Securities Being Sold”)
is not less than (1) year and (B) as to such other matters as may be appropriate
in accordance with Rule 144 under the Securities Act, and

    

    (ii) an
opinion of counsel acceptable to the Company (for which purposes it is agreed
that _____________ shall be deemed acceptable if not given by the Company’s
counsel) that, based on the Rule 144 Certificate, Securities Being Sold may be
sold pursuant to the provisions of Rule 144, even in the absence of an effective
Registration Statement,

    

    the
Transfer Agent is to effect the transfer of the Securities Being Sold and issue
to the buyer(s) or transferee(s) thereof one or more stock certificates
representing the transferred Securities Being Sold without any restrictive
legend and without recording any restrictions on the transferability of such
shares on the Transfer Agent’s  books and records (except to the
extent any such legend or restriction results from facts other than the identity
of the Holder, as the seller or transferor thereof, or the status, including any
relevant legends or restrictions, of the shares of the Securities Being Sold
while held by the Holder). If the Transfer Agent reasonably requires any
additional documentation at the time of the transfer, the Company shall deliver
or cause to be delivered all such reasonable additional documentation as may be
necessary to effectuate the issuance of an unlegended certificate.

    

    7.           Voting
Rights.  Unless and until the Secured Party has exercised its
rights under this Pledge Agreement to foreclose its security interest in the
Collateral, the Pledgor shall have the right to exercise any voting rights
evidenced by, or relating to, the Collateral.

    

    8.           Warrants and
Options.  In the event that, during the term of this Pledge
Agreement, subscription, warrants, dividends, or any other rights or option
shall be issued in connection with the Collateral, such warrants, dividends,
rights and options shall be immediately delivered to Secured Party to be held
under the terms hereof in the same manner as the Collateral.

    

    9.           Preservation of the Value of
the Collateral and Reimbursement of Secured Party.  Pledgor
shall pay all taxes, charges, and assessments against the Collateral and do all
acts necessary to preserve and maintain the value thereof.  On failure
of Pledgor so to do, Secured Party may make such payments on account thereof as
(in Secured Party's discretion) is deemed desirable, and Pledgor shall reimburse
Secured Party immediately on demand for any and all such payments expended by
Secured Party in enforcing, collecting, and exercising its remedies
hereunder.

    

    
      
         

      

      
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    10.           Default and
Remedies.

    

    (a)           For
purposes of this Agreement, “Event of Default” shall mean any one or more of the
following events:

    

    (i)           any
default in the performance by the Company or the Pledgor of any of the Note
Obligations, after the expiration, without cure, of the cure period (but only if
any such cure period is specifically provided in the Transaction Documents and
without any regard to any cure period if no such cure period is provided; it
being specifically acknowledged by the Company and the Pledgor that all payment
obligations are time of the essence obligations, with no cure periods provided),
or

    

    (ii)           a
breach by the Company or Pledgor of any of the its respective representations,
warranties, covenants or agreements in this Pledge Agreement, subject to
applicable cure periods.

    

    (b)           During
the term of this Pledge Agreement, the Secured Party shall have the following
rights after any Event of Default and for so long as the Obligations are not
satisfied in full:

    

    (i)  the
rights and remedies provided by the Uniform Commercial Code as adopted by the
State of New York (as said law may at any time be amended), except that the
Secured Party waives any right to a deficiency pursuant to Section 9-608 thereof
or otherwise;

    

    (ii)  the
right to receive and retain all dividends, payments and other distributions of
any kind upon any or all of the Pledged Shares as additional Collateral;
and

    

    (iii)  the
right to sell, at a public or private sale, the Collateral or any part thereof
for cash, upon credit or for future delivery, and at such price or prices in
accordance with the Uniform Commercial Code (as such law may be amended from
time to time); it being understood that one or more of the Secured Party may,
but shall not be required to, take such actions jointly.  Upon any
such sale, Secured Party shall have the right to deliver, assign and transfer to
the purchaser thereof the Collateral so sold.  Secured Party shall
give the Pledgor not less than ten (10) days written notice of its intention to
make any such sale.  Any such sale shall be held at such time or times
during ordinary business hours and at such place or places as Secured Party may
fix in the notice of such sale.  Secured Party may adjourn or cancel
any sale or cause the same to be adjourned from time to time by announcement at
the time and place fixed for the sale, and such sale may be made at any time or
place to which the same may be so adjourned.  In case of any sale of
all or any part of the Collateral upon terms calling for payments in the future,
any Collateral so sold may be retained by Secured Party until the selling price
is paid by the purchaser thereof, but Secured Party shall incur no liability in
the case of the failure of such purchaser to take up and pay for the Collateral
so sold and, in the case of such failure, such Collateral may again be sold upon
like notice.  Secured Party, however, instead of exercising the power
of sale herein conferred upon it, may proceed by a suit or suits at law or in
equity to foreclose the security interest and sell the Collateral, or any
portion thereof, under a judgment or decree of a court or courts of competent
jurisdiction, the Pledgor having been given due notice of all such
action.  Secured Party shall incur no liability as a result of a sale
of the Collateral or any part thereof.

    

    (iv)  in
addition to its rights and remedies under this agreement, the Note and all
Transaction Documents, the Company shall have full recourse against any real,
personal, tangible or intangible assets of Pledgor, and may pursue any legal or
equitable remedies that are available to it.

    

               11.           Waiver.  Each
of the Debtor and the Pledgor waives any right that it may have to require
Secured Party to proceed against any other person, or proceed against or exhaust
any other security, or pursue any other remedy Secured Party may
have.

    

               12.           Term of
Agreement.  This Pledge Agreement shall continue in full force
and effect until the earlier of the payment in full of the Note.  If
the Note is paid in full, the security interests in the relevant Collateral
shall be deemed released, and any portion of the Collateral not transferred to
or sold by any one or more Secured Party shall be returned to the
Pedgors.  Upon termination of this Pledge Agreement, the relevant
Collateral shall be returned within five (5) Trading Days to Debtor or to the
Pledgor, as contemplated above.

    

    13.           Reserved.

    

    14.           General
Provisions:

    

    14.1                      Binding Agreement; No
Modification of Transaction Documents.  This Pledge Agreement
shall be binding upon and shall inure to the benefit of the successors and
assigns of the respective parties hereto.  Except to the extent
specifically provided herein, nothing in this Pledge Agreement shall limit or
modify any provision of any of the Transaction Documents

     

     

     

     

    
      
         

      

      
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    14.2                      Captions.  The
headings used in this Pledge Agreement are inserted for reference purposes only
and shall not be deemed to define, limit, extend, describe, or affect in any way
the meaning, scope or interpretation of any of the terms or provisions of this
Pledge Agreement or the intent hereof.

    

    14.3                      Counterparts.  This
Pledge Agreement may be signed in any number of counterparts with the same
effect as if the signatures upon any counterpart were upon the same
instrument.  All signed counterparts shall be deemed to be one
original.  A facsimile transmission of this signed Pledge Agreement
shall be legal and binding on all parties hereto.

    

    14.4                      Further
Assurances.  The parties hereto agree that, from time to time
upon the written request of any party hereto, they will execute and deliver such
further documents and do such other acts and things as such party may reasonably
request in order fully to effect the purposes of this Pledge Agreement. The
Transfer Agent Instructions annexed hereto are deemed an integral part of this
Pledge Agreement.

    

    14.5                      Waiver of
Breach.  Any waiver by either party of any breach of any kind
or character whatsoever by the other, whether such be direct or implied, shall
not be construed as a continuing waiver of or consent to any subsequent breach
of this Pledge Agreement.

    

    14.6                      Cumulative
Remedies.  The rights and remedies of the parties hereto shall
be construed cumulatively, and none of such rights and remedies shall be
exclusive of, or in lieu or limitation of any other right, remedy, or priority
allowed by applicable law.

    

    14.7                      Amendment.  This
Pledge Agreement may be modified only in a written document that refers to this
Pledge Agreement and is executed by Secured Party, the Pledgor and the
Debtor.

    

    14.8                      Interpretation.  This
Pledge Agreement shall be interpreted, construed, and enforced according to the
substantive laws of the State of New York.

    

    14.9                      Governing
Law.  This Pledge Agreement shall be governed by and construed
in accordance with the laws of the State of New York.  Each of the
parties consents to the jurisdiction of the federal courts whose districts
encompass any part of the County of New York or the state courts of the State of
New York sitting in the County of New York in connection with any dispute
arising under this Pledge Agreement and hereby waives, to the maximum extent
permitted by law, any objection, including any objection based on forum non coveniens, to the
bringing of any such proceeding in such jurisdictions.

    

    14.10                      WAIVER OF JURY
TRIAL.  The parties to this Pledge Agreement hereby waive a
trial by jury in any action, proceeding or counterclaim brought by any of them
against any other in respect of any matter arising out or in connection with
this Pledge Agreement.

    

    14.11                      
Notice.  Any
notice or other communication required or permitted to be given hereunder shall
be effective upon receipt.  Such notices may be sent (i) in the United
States mail, postage prepaid and certified, (ii) by express courier with
receipt, (iii) by facsimile transmission, with a copy subsequently delivered as
in (i) or (ii) above.  Any such notice shall be addressed or
transmitted as follows:

    

    If to
Pledgor, to:

    

    Ash
Mascarenhas

    PrimaCare
Corp

    1175
South US Highway 1

    Vero
Beach, FL 33062

    Tel:
772-410-0205

    Fax:
702-974-0388

    

    If to the
Secured Party, to:

    Professional
Offshore Opportunity Fund Ltd.

    1400 Old
Country Road, Suite 206

    Westbury,
New York 11591

    Attention:
Howard Berger

    

    
      
         

      

      
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    Any party
may change its address by notice similarly given to the other parties (except
that a Secured Party need not give notice to other Secured Party).

    

    14.12                      Acknowledgement by Debtor
and Pledgor.  In the event that any provision of the
Transaction Documents, the Guarantee or this Pledge Agreement as applied to any
party or circumstances shall be adjudged by a court to be invalid or
unenforceable, each of the Debtor or the Pledgor, as the case may be,
acknowledges and agrees that this Pledge Agreement shall remain valid and
enforceable in all respects against the Debtor and the Pledgor.

    

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

    

    PROFESSIONAL
OFFSHORE OPPORTUNITY FUND LTD.

    

    By:______________________________________

    Name:

    Title:

    

    INFORM
WORLDWIDE HOLDINGS, INC.:

    

    

    By: Ashvin
Mascarenhas

    
      

    

    Name:  Ashvin
Mascarenhas                

    Title:
CEO

    

    PLEDGOR

    

    _________________________________________

    Ashvin
Mascarenhas

    Residence
Address:

    

    Social
Security No.:

    SCHEDULE
2

    

               The
following Series C preferred shares are pledged hereunder as the Pledged Shares,
each certificate in the name of:

    

    

    
      	
              Holder’s
      Name

            	
              Certificate
      No.

            	
              No.
      of Shares

            	
              Date
      of Acquisition

            
	
              Ashvin
      Mascarenhas

            	
              1

            	
              11,000,000

            	
              January
      16, 2007

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
              Total

            	
              11,000,000

            	 
      

    

    
 

     

    7ex106.htm

    Exhibit 10.6
 

    SUBSIDIARY
AND AFFILIATE GUARANTEE

    

    SUBSIDIARY
AND AFFILIATE GUARANTEE, dated as of April 25, 2008, made by each of the
signatories hereto (together with any other entity that may become a party
hereto as provided herein, (the “Guarantors”), in favor of the Purchaser
signatory (the “Purchaser”) to that certain Purchase Agreement, dated as of the
date hereof, between Inform Worldwide Holdings, Inc. a Florida corporation with its
principal business address at 2501 North Green Valley Parkway, Suite 111,
Henderson, Nevada 89014 (the “Company”) and the Purchaser.

    

    W
I T N E S S E T H:

    

    Whereas,
pursuant to that certain Purchase Agreement, dated as of the date hereof, by and
between the Company and the Purchaser (the “Purchase Agreement”), the Company
has agreed to sell and issue to the Purchaser, and the Purchaser has agreed to
purchase from the Company the Company’s 12% Secured Promissory Note, due October
__, 2008 (the “Note”), subject to the terms and conditions set forth therein;
and

    

    Whereas,
each Guarantor will directly benefit from the extension of credit to the Company
represented by the issuance of the Note; and

    

    NOW,
THEREFORE, in consideration of the premises and to induce the Purchaser to enter
into the Purchase Agreement and to carry out the transactions contemplated
thereby, each Guarantor hereby agrees with the Purchaser as
follows:

    

    1. Definitions. Unless
otherwise defined herein, terms defined in the Purchase Agreement and used
herein shall have the meanings given to them in the Purchase Agreement. The
words “hereof,” “herein,” “hereto” and “hereunder” and words of similar import
when used in this Guarantee shall refer to this Guarantee as a whole and not to
any particular provision of this Guarantee, and Section and Schedule references
are to this Guarantee unless otherwise specified. The meanings given to terms
defined herein shall be equally applicable to both the singular and plural forms
of such terms.  The following terms shall have the following
meanings:

    

    “Guarantee” means this
Subsidiary and Affiliate Guarantee, as the same may be amended, supplemented or
otherwise modified from time to time.

    

    “Obligations” means
the collective reference to all obligations and undertakings of the Company of
whatever nature, monetary or otherwise, under the Note, the Purchase Agreement,
the Security Agreement, the Warrant, or any other future agreement or
obligations undertaken by the Company to the Purchaser, together with all
reasonable attorneys’ fees, disbursements and all other costs and expenses of
collection incurred by Purchaser in enforcing any of such Obligations and/or
this Guarantee.

    

    2. Guarantee.

    

    (a) Guarantee.

    

    
      	
              (i)  

            	
              The
      Guarantors hereby, jointly and severally, unconditionally and irrevocably,
      guarantee to the Purchaser and its respective successors, indorsees,
      transferees and assigns, the prompt and complete payment and performance
      by the Company when due (whether at the stated maturity, by acceleration
      or otherwise) of the Obligations.

            

    

     

    
      
        
        

      

      
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              (ii)  

            	
              Anything
      herein or in any other Transaction Document to the contrary
      notwithstanding, the maximum liability of each Guarantor hereunder and
      under the other Transaction Documents shall in no event exceed the amount
      which can be guaranteed by such Guarantor under applicable federal and
      state laws, including laws relating to the insolvency of debtors,
      fraudulent conveyance or transfer or laws affecting the rights of
      creditors generally (after giving effect to the right of contribution
      established in Section 2(b)).

            

    

    

    
      	
              (iii)  

            	
              Each
      Guarantor agrees that the Obligations may at any time and from time to
      time exceed the amount of the liability of such Guarantor hereunder
      without impairing the guarantee contained in this Section 2 or affecting
      the rights and remedies of the Purchaser
  hereunder.

            

    

    

    
      	
              (iv)  

            	
              The
      guarantee contained in this Section 2 shall remain in full force and
      effect until all the Obligations and the obligations of each Guarantor
      under the guarantee contained in this Section 2 shall have been satisfied
      by payment in full.

            

    

    

    
      	
              (v)  

            	
              No
      payment made by the Company, any of the Guarantors, any other guarantor or
      any other Person or received or collected by the Purchaser from the
      Company, any of the Guarantors, any other guarantor or any other Person by
      virtue of any action or proceeding or any set-off or appropriation or
      application at any time or from time to time in reduction of or in payment
      of the Obligations shall be deemed to modify, reduce, release or otherwise
      affect the liability of any Guarantor hereunder which shall,
      notwithstanding any such payment (other than any payment made by such
      Guarantor in respect of the Obligations or any payment received or
      collected from such Guarantor in respect of the Obligations), remain
      liable for the Obligations up to the maximum liability of such Guarantor
      hereunder until the Obligations are paid in
  full.

            

    

    

    
      	
              (vi)  

            	
              Notwithstanding
      anything to the contrary in this Agreement, with respect to any defaulted
      non-monetary Obligations the specific performance of which by the
      Guarantors is not reasonably possible (e.g. the issuance of the Company's
      Common Stock), the Guarantors shall only be liable for making the
      Purchaser whole on a monetary basis for the Company's failure to perform
      such Obligations in accordance with the Transaction
    Documents.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (b) Right of
Contribution. Each Guarantor hereby agrees that to the extent that a
Guarantor shall have paid more than its proportionate share of any payment made
hereunder, such Guarantor shall be entitled to seek and receive contribution
from and against any other Guarantor hereunder which has not paid its
proportionate share of such payment. Each Guarantor's right of contribution
shall be subject to the terms and conditions of Section 2(c). The provisions of
this Section 2(b) shall in no respect limit the obligations and liabilities of
any Guarantor to the Purchaser, and each Guarantor shall remain liable to the
Purchaser for the full amount guaranteed by such Guarantor
hereunder.

    

    (c) No
Subrogation.  Notwithstanding any payment made by any Guarantor
hereunder or any set-off or application of funds of any Guarantor by the
Purchaser, no Guarantor shall be entitled to be subrogated to any of the rights
of the Purchaser against the Company or any other Guarantor or any collateral
security or guarantee or right of offset held by the Purchaser for the payment
of the Obligations, nor shall any Guarantor seek or be entitled to seek any
contribution or reimbursement from the Company or any other Guarantor in respect
of payments made by such Guarantor hereunder, until all amounts owing to the
Purchaser by the Company on account of the Obligations are paid in full. If any
amount shall be paid to any Guarantor on account of such subrogation rights at
any time when all of the Obligations shall not have been paid in full, such
amount shall be held by such Guarantor in trust for the Purchaser, segregated
from other funds of such Guarantor, and shall, forthwith upon receipt by such
Guarantor, be turned over to the Purchaser in the exact form received by such
Guarantor (duly indorsed by such Guarantor to the Purchaser, if required), to be
applied against the Obligations, whether matured or unmatured, in such order as
the Purchaser may determine.

    

    (d) Amendments, Etc. With
Respect to the Obligations. Each Guarantor shall remain obligated
hereunder notwithstanding that, without any reservation of rights against any
Guarantor and without notice to or further assent by any Guarantor, any demand
for payment of any of the Obligations made by the Purchaser may be rescinded by
the Purchaser and any of the Obligations continued, and the Obligations, or the
liability of any other Person upon or for any part thereof, or any collateral
security or guarantee therefor or right of offset with respect thereto, may,
from time to time, in whole or in part, be renewed, extended, amended, modified,
accelerated, compromised, waived, surrendered or released by the Purchaser, and
the Purchase Agreement and the other Transaction Documents and any other
documents executed and delivered in connection therewith may be amended,
modified, supplemented or terminated, in whole or in part, as the Purchaser may
deem advisable from time to time, and any collateral security, guarantee or
right of offset at any time held by the Purchaser for the payment of the
Obligations may be sold, exchanged, waived, surrendered or released. The
Purchaser shall have no obligation to protect, secure, perfect or insure any
Lien at any time held by them as security for the Obligations or for the
guarantee contained in this Section 2 or any property subject
thereto.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (e) Guarantee Absolute and
Unconditional. Each Guarantor waives any and all notice of the creation,
renewal, extension or accrual of any of the Obligations and notice of or proof
of reliance by the Purchaser upon the guarantee contained in this Section 2 or
acceptance of the guarantee contained in this Section 2; the Obligations, and
any of them, shall conclusively be deemed to have been created, contracted or
incurred, or renewed, extended, amended or waived, in reliance upon the
guarantee contained in this Section 2; and all dealings between the Company and
any of the Guarantors, on the one hand, and the Purchaser, on the other hand,
likewise shall be conclusively presumed to have been had or consummated in
reliance upon the guarantee contained in this Section 2. Each Guarantor waives
to the extent permitted by law diligence, presentment,
protest, demand for payment and notice of default or nonpayment to or upon the
Company or any of the Guarantors with respect to the Obligations. Each Guarantor
understands and agrees that the guarantee contained in this Section 2 shall be
construed as a continuing, absolute and unconditional guarantee of payment
without regard to (a) the validity or enforceability of the Purchase Agreement
or any other Transaction Document, any of the Obligations or any other
collateral security therefor or guarantee or right of offset with respect
thereto at any time or from time to time held by the Purchaser, (b) any defense,
set-off or counterclaim (other than a defense of payment or performance or fraud
or misconduct by Purchaser) which may at any time be available to or be asserted
by the Company or any other Person against the Purchaser, or (c) any other
circumstance whatsoever (with or without notice to or knowledge of the Company
or such Guarantor) which constitutes, or might be construed to constitute, an
equitable or legal discharge of the Company for the Obligations, or of such
Guarantor under the guarantee contained in this Section 2, in bankruptcy or in
any other instance. When making any demand hereunder or otherwise pursuing its
rights and remedies hereunder against any Guarantor, the Purchaser may, but
shall be under no obligation to, make a similar demand on or otherwise pursue
such rights and remedies as it may have against the Company, any other Guarantor
or any other Person or against any collateral security or guarantee for the
Obligations or any right of offset with respect thereto, and any failure by the
Purchaser to make any such demand, to pursue such other rights or remedies or to
collect any payments from the Company, any other Guarantor or any other Person
or to realize upon any such collateral security or guarantee or to exercise any
such right of offset, or any release of the Company, any other Guarantor or any
other Person or any such collateral security, guarantee or right of offset,
shall not relieve any Guarantor of any obligation or liability hereunder, and
shall not impair or affect the rights and remedies, whether express, implied or
available as a matter of law, of the Purchaser against any Guarantor. For the
purposes hereof, "demand" shall include the commencement and continuance of any
legal proceedings.

    

    (f) Reinstatement. The
guarantee contained in this Section 2 shall continue to be effective, or be
reinstated, as the case may be, if at any time payment, or any part thereof, of
any of the Obligations is rescinded or must otherwise be restored or returned by
the Purchaser upon the insolvency, bankruptcy, dissolution, liquidation or
reorganization of the Company or any Guarantor, or upon or as a result of the
appointment of a receiver, intervenor or conservator of, or trustee or similar
officer for, the Company or any Guarantor or any substantial part of its
property, or otherwise, all as though such payments had not been
made.

    

    (g) Payments. Each
Guarantor hereby guarantees that payments hereunder will be paid to the
Purchaser without set-off or counterclaim in U.S. dollars at the address set
forth or referred to in the Purchase Agreement.

    

    3. Representations and
Warranties. Each Guarantor hereby makes the following representations and
warranties to Purchaser as of the date hereof:

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (a) Organization and
Qualification. The Guarantor is a corporation or limited liability
company, duly incorporated, validly existing and in good standing under the laws
of the applicable jurisdiction set forth on Schedule 1, with the requisite
corporate power and authority to own and use its properties and assets and to
carry on its business as currently conducted. The Guarantor has no subsidiaries
other than those identified as such on the Disclosure Annex to the Purchase
Agreement. The Guarantor is duly qualified to do business and is in good
standing as a foreign corporation in each jurisdiction in which the nature of
the business conducted or property owned by it makes such qualification
necessary, except where the failure to be so qualified or in good standing, as
the case may be, could not, individually or in the aggregate, (x) adversely
affect the legality, validity or enforceability of any of this Guaranty in any
material respect, (y) have a material adverse effect on the results of
operations, assets, prospects, or financial condition of the Guarantor or (z)
adversely impair in any material respect the Guarantor's ability to perform
fully on a timely basis its obligations under this Guaranty (a "Material Adverse
Effect").

    

    (b) Authorization;
Enforcement.  The Guarantor has the requisite corporate power
and authority to enter into and to consummate the transactions contemplated by
this Guaranty, and otherwise to carry out its obligations hereunder. The
execution and delivery of this Guaranty by the Guarantor and the consummation by
it of the transactions contemplated hereby have been duly authorized by all
requisite corporate action on the part of the Guarantor. This Guaranty has been
duly executed and delivered by the Guarantor and constitutes the valid and
binding obligation of the Guarantor enforceable against the Guarantor in
accordance with its terms, except as such enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or
similar laws relating to, or affecting generally the enforcement of, creditors'
rights and remedies or by other equitable principles of general
application.

    

    (c) No Conflicts. The
execution, delivery and performance of this Guaranty by the Guarantor and the
consummation by the Guarantor of the transactions contemplated thereby do not
and will not (i) conflict with or violate any provision of its Certificate of
Incorporation or By-laws or (ii) conflict with, constitute a default (or an
event which with notice or lapse of time or both would become a default) under,
or give to others any rights of termination, amendment, acceleration or
cancellation of, any agreement, indenture or instrument to which the Guarantor
is a party, or (iii) result in a violation of any law, rule, regulation, order,
judgment, injunction, decree or other restriction of any court or governmental
authority to which the Guarantor is subject (including Federal and state
securities laws and regulations), or by which any material property or asset of
the Guarantor is bound or affected, except in the case of each of clauses (ii)
and (iii), such conflicts, defaults, terminations, amendments, accelerations,
cancellations and violations as could not, individually or in the aggregate,
have or result in a Material Adverse Effect. The business of the Guarantor is
not being conducted in violation of any law, ordinance or regulation of any
governmental authority, except for violations which, individually or in the
aggregate, do not have a Material Adverse Effect.

    

    (d) Consents and
Approvals. The Guarantor is not required to obtain any consent, waiver,
authorization or order of, or make any filing or registration with, any court or
other federal, state, local, foreign or other governmental authority or other
person in connection with the execution, delivery and performance by the
Guarantor of this Guaranty.

    

    (e) Purchase Agreement.
The representations and warranties of the Company set forth in the Purchase
Agreement as they relate to such Guarantor, each of which is hereby incorporated
herein by reference, are true and correct as of each time such representations
are deemed to be made pursuant to such Purchase Agreement, and the Purchaser
shall be entitled to rely on each of them as if they were fully set forth
herein, provided, that each reference in each such representation and warranty
to the Company's knowledge shall, for the purposes of this Section 3, be deemed
to be a reference to such Guarantor's knowledge.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (f) Foreign
Law.  Each Guarantor has consulted with appropriate foreign
legal counsel with respect to any of the above representations for which
non-U.S. law is applicable. Such foreign counsel have advised each applicable
Guarantor that such counsel knows of no reason why any of the above
representations would not be true and accurate. Such foreign counsel was
provided with copies of this Subsidiary and Affiliate Guarantee and the
Transaction Documents prior to rendering their advice.

    

    4. Covenants.  Each
Guarantor covenants and agrees with the Purchaser that, from and after the date
of this Guarantee until the Obligations shall have been paid in full, such
Guarantor shall take, and/or shall refrain from taking, as the case may be, each
commercially reasonable action that is necessary to be taken or not taken, as
the case may be, so that no Event of Default is caused by the failure to take
such action or to refrain from taking such action by such
Guarantor.

    

    5. Miscellaneous.

    

    (a) Amendments in
Writing. None of the terms or provisions of this Guarantee may be waived,
amended, supplemented or otherwise modified except in writing by the majority in
interest (based on the then-outstanding principal amount of the Note at the time
of such determination) of the Purchaser.

    

    (b) Notices. All notices,
requests and demands to or upon the Purchaser or any Guarantor hereunder shall
be affected in the manner provided for in the Purchase Agreement; provided that any
such notice, request or demand to or upon any Guarantor shall be addressed to
such Guarantor at its notice address set forth herein.

    

    (c) No Waiver By Course Of
Conduct; Cumulative Remedies. The Purchaser shall not by any act (except
by a written instrument pursuant to Section 5(a)), delay, indulgence, omission
or otherwise be deemed to have waived any right or remedy hereunder or to have
acquiesced in any default under the Transaction Documents or Event of Default.
No failure to exercise, nor any delay in exercising, on the part of the
Purchaser, any right, power or privilege hereunder shall operate as a waiver
thereof. No single or partial exercise of any right, power or privilege
hereunder shall preclude any other or further exercise thereof or the exercise
of any other right, power or privilege. A waiver by the Purchaser of any right
or remedy hereunder on any one occasion shall not be construed as a bar to any
right or remedy which the Purchaser would otherwise have on any future occasion.
The rights and remedies herein provided are cumulative, may be exercised singly
or concurrently and are not exclusive of any other rights or remedies provided
by law.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    (d) Enforcement Expenses;
Indemnification.

    

    
      	
              (i)  

            	
              Each
      Guarantor agrees to pay, or reimburse the Purchaser for, all its costs and
      expenses incurred in collecting against such Guarantor under the guarantee
      contained in Section 2 or otherwise enforcing or preserving any rights
      under this Guarantee and the other Transaction Documents to which such
      Guarantor is a party, including, without limitation, the reasonable fees
      and disbursements of counsel to the
Purchaser.

            

    

    

    
      	
              (ii)  

            	
              Each
      Guarantor agrees to pay, and to save the Purchaser harmless from, any and
      all liabilities with respect to, or resulting from any delay in paying,
      any and all stamp, excise, sales or other taxes which may be payable or
      determined to be payable in connection with any of the transactions
      contemplated by this Guarantee.

            

    

    

    
      	
              (iii)  

            	
              Each
      Guarantor agrees to pay, and to save the Purchaser harmless from, any and
      all liabilities, obligations, losses, damages, penalties, actions,
      judgments, suits, costs, expenses or disbursements of any kind or nature
      whatsoever with respect to the execution, delivery, enforcement,
      performance and administration of this Guarantee to the extent the Company
      would be required to do so pursuant to the Purchase
    Agreement.

            

    

    

    
      	
              (iv)  

            	
              The
      agreements in this Section shall survive repayment of the Obligations and
      all other amounts payable under the Purchase Agreement and the other
      Transaction Documents.

            

    

    

    (e) Successor and
Assigns. This Guarantee shall be binding upon the successors and assigns
of each Guarantor and shall inure to the benefit of the Purchaser and their
respective successors and assigns; provided that no Guarantor may assign,
transfer or delegate any of its rights or obligations under this Guarantee
without the prior written consent of the Purchaser.

    

    (f) Set-Off. Each
Guarantor hereby irrevocably authorizes the Purchaser at any time and from time
to time while an Event of Default under any of the Transaction Documents shall
have occurred and be continuing, without notice to such Guarantor or any other
Guarantor, any such notice being expressly waived by each Guarantor, to set-off
and appropriate and apply any and all deposits, credits, indebtedness or claims,
in any currency, in each case whether direct or indirect, absolute or
contingent, matured or unmatured, at any time held or owing by the Purchaser to
or for the credit or the account of such Guarantor, or any part thereof in such
amounts as the Purchaser may elect, against and on account of the obligations
and liabilities of such Guarantor to the Purchaser hereunder and claims of every
nature and description of the Purchaser against such Guarantor, in any currency,
whether arising hereunder, under the Purchase Agreement, any other Transaction
Document or otherwise, as the Purchaser may elect, whether or not the Purchaser
have made any demand for payment and although such obligations, liabilities and
claims may be contingent or unmatured. The Purchaser shall notify such Guarantor
promptly of any such set-off and the application made by the Purchaser of the
proceeds thereof, provided that the failure to give such notice shall not affect
the validity of such set-off and application. The rights of the Purchaser under
this Section are in addition to other rights and remedies (including, without
limitation, other rights of set-off) which the Purchaser may have.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (g) Counterparts. This
Guarantee may be executed by one or more of the parties to this Guarantee on any
number of separate counterparts (including by telecopy), and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.

    

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

    

    (i) Section Headings. The
Section headings used in this Guarantee are for convenience of reference only
and are not to affect the construction hereof or be taken into consideration in
the interpretation hereof.

    

    (j) Integration. This
Guarantee and the other Transaction Documents represent the agreement of the
Guarantors and the Purchaser with respect to the subject matter hereof and
thereof, and there are no promises, undertakings, representations or warranties
by the Purchaser relative to subject matter hereof and thereof not expressly set
forth or referred to herein or in the other Transaction Documents.

    

    (k) Governing Law. THIS
GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO ANY PRINCIPLES OF
CONFLICTS OF LAWS.

    

    (l) Submission to
Jurisdictional; Waiver. Each Guarantor hereby irrevocably
and unconditionally:

    

    
      	
              (i)  

            	
              submits
      for itself and its property in any legal action or proceeding relating to
      this Guarantee and the other Transaction Documents to which it is a party,
      or for recognition and enforcement of any judgment in respect thereof, to
      the non-exclusive general jurisdiction of the Courts of the State of New
      York, located in New York County, New York, the courts of the United
      States of America for the Southern District of New York, and appellate
      courts from any thereof;

            

    

    

    
      	
              (ii)  

            	
              consents
      that any such action or proceeding may be brought in such courts and
      waives any objection that it may now or hereafter have to the venue of any
      such action or proceeding in any such court or that such action or
      proceeding was brought in an inconvenient court and agrees not to plead or
      claim the same;

            

    

    

    
      	
              (iii)  

            	
              agrees
      that service of process in any such action or proceeding may be effected
      by mailing a copy thereof by registered or certified mail (or any
      substantially similar form of mail), postage prepaid, to such Guarantor at
      its address referred to in the Purchase Agreement or at such other address
      of which the Purchaser shall have been notified pursuant
      thereto;

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      	
              (iv)  

            	
              agrees
      that nothing herein shall affect the right to effect service of process in
      any other manner permitted by law or shall limit the right to sue in any
      other jurisdiction; and

            

    

    

    
      	
              (v)  

            	
              waives,
      to the maximum extent not prohibited by law, any right it may have to
      claim or recover in any legal action or proceeding referred to in this
      Section any special, exemplary, punitive or consequential
      damages.

            

    

    

    (m) Acknowledgements.  Each
Guarantor hereby acknowledges that:

    

    
      	
              (i)  

            	
              it
      has been advised by counsel in the negotiation, execution and delivery of
      this Guarantee and the other Transaction Documents to which it is a
      party;

            

    

    

    
      	
              (ii)  

            	
              the
      Purchaser have no fiduciary relationship with or duty to any Guarantor
      arising out of or in connection with this Guarantee or any of the other
      Transaction Documents, and the relationship between the Guarantors, on the
      one hand, and the Purchaser, on the other hand, in connection herewith or
      therewith is solely that of debtor and creditor;
  and

            

    

    

    
      	
              (iii)  

            	
              no
      joint venture is created hereby or by the other Transaction Documents or
      otherwise exists by virtue of the transactions contemplated hereby among
      the Guarantors and the Purchaser.

            

    

    

    (n) Additional
Guarantors.  The Company shall cause each of its subsidiaries
formed or acquired on or subsequent to the date hereof to become a Guarantor for
all purposes of this Guarantee by executing and delivering an Assumption
Agreement in the form of Annex 1 hereto.

    

    (o) Release of
Guarantors. Subject to Section 2(f), each Guarantor will be released from
all liability hereunder concurrently with the repayment in full of all amounts
owed under the Purchase Agreement, the Note and the other Transaction
Documents.

    

    (p) Seniority. The
Obligations of each of the Guarantors hereunder rank senior in priority to any
other debt of such Guarantor.

    

    (q) Waiver of Jury
Trial.  EACH GUARANTOR AND, BY ACCEPTANCE OF THE BENEFITS
HEREOF, THE PURCHASER, HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY
JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS GUARANTEE AND FOR ANY
COUNTERCLAIM THEREIN.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

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

    

    

    
      	
               

               

              INFORM
      WORLDWIDE HOLDINGS, INC.

               

               

              _________________________________________

              Name:

              Title:

            

    

    

    

    
      	
               

              PRIMACARE
      CORPORATION

               

            
	
              __________________________________________

              Name:

              Title:

               

            

    

    

    
      	
               

              ONE
      WORLD ENERGY CORPORATION

               

            
	
              __________________________________________

              Name:

              Title:

               

            

    

    

    
      	
               

              PRIMACARE
      HEALTH SERVICES, INC.

               

            
	
              __________________________________________

              Name:

              Title:

               

            

    

    

    
      	
               

              ROUNDBOY
      OIL & GAS, INC.

               

            
	
              __________________________________________

              Name:

              Title:

               

            

    

    

    
      	
               

              MEDICAL
      RESOURCES, LLC

               

            
	
              __________________________________________

              Name:

              Title:

               

            

    

    

    
      	
               

              CLINICARE
      OF BROWARD, LLC

               

            
	
              __________________________________________

              Name:

              Title:

               

            

    

    
 

    10

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