Document:

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EXHIBIT 10.25

                             SUBORDINATION AGREEMENT

1. Christopher J. Carey (the "Creditor") a creditor of Stronghold  Technologies,
Inc., a New Jersey  Corporation (the "Borrower") , knowing that UNITEDTRUST BANK
(the  "Bank")  relying on this  agreement  will extend  credit to the  Borrower,
agrees to and hereby  does  subordinate  the  payment  of the Junior  Claims (as
defined  herein) to the payment of all  obligations  of the Borrower to the Bank
now  outstanding  or arising  hereafter  (together  called  the  "Obligations").
"Junior  Claims"  shall mean the  claims  which the  Creditor  has  against  the
Borrower as of the date  hereof,  including  but not limited to those  listed in
Schedule A, and all claims arising  hereafter.  The  Obligations  and the Junior
Claims  shall be  deemed  to  include  all  interest  thereon  and all  charges,
including attorney's fees, arising therefrom.

2. The Creditor agrees:

(a) not to demand or accept any payment of or collateral or other  security with
respect to any of the Junior Claims;

(b) that any payment of or  collateral  or other  security  with  respect to the
Junior Claims coming into its possession  shall be held by it as trustee for the
Bank and immediately turned over to the Bank; and

(c) not to sell,  assign,  pledge or otherwise dispose of any of the evidence of
the Junior Claims, and, if requested to do so by the Bank, to deliver and assign
any such evidence of any of the Junior Claims to the Bank.

3. The Creditor hereby grants a security  interest in, and transfers and assigns
the Junior Claims  (together  with any  collateral or other security at any time
held  or  received  therefor)  to  the  Bank  as  collateral  security  for  the
Obligations.  The Creditor  authorizes and empowers the Bank, in its own name or
the Creditor's name, to demand,  sue for and collect the Junior Claims, and take
any and  all  actions  available  to the  Creditor  whether  in any  insolvency,
bankruptcy,  receivership,  liquidation,  reorganization  or similar  proceeding
affecting  the  Borrower,  or otherwise,  provided,  however,  that if the Bank,
acting  hereunder,  recovers  any  amount  greater  than  the  then  sum  of the
Obligations, it will apply said excess to the payment of the Junior Claims.

The  Borrower  and the  Creditor  hereby  authorize  the Bank to sign and file a
financing  statement  with respect to the Junior Claims without the signature of
either the  Borrower or the  Creditor,  or sign their names  thereto,  provided,
however,  the Borrower and the Creditor  will,  upon the written  request of the
Bank, sign such a financing  statement and execute such other documents and take
such other actions as may be required by them by

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the Bank to carry out this Subordination Agreement.

4. Except as provided for herein, the Borrower agrees not to make any payment of
or give any  collateral  or other  security  with  respect  to any of the Junior
Claims until this agreement is no longer in effect.

5.  Anything  herein  to the  contrary  notwithstanding,  the  Bank  agrees  and
acknowledges  that provided no event of default has occurred  under the terms of
the  documentation  evidencing  the  Obligations,  the  Borrower  may  make  the
following payments to the Creditor:

(a)  Payments  of  interest  only  accruing  on the May 16,  2002  Note  (or any
successor notes thereto) referenced on Schedule A; and

(b) Principal  and interest due under any Bridge Loans  referenced on Schedule A
provided that the Borrower  pays same solely from funds raised  through the sale
of the stock of its parent  corporation  and no debt is incurred by the Borrower
or its parent corporation in connection with such funds.

6. The  Creditor  hereby  consents  to and  waives  all  notice of any  renewal,
extension or modification of the terms of any of the Obligations and agrees that
any such renewal,  extension or modification  will not impair the  subordination
granted hereby.

7. The Creditor and the Borrower  agree that the failure by the Bank to exercise
any of its rights hereunder shall not be deemed to constitute a waiver of any of
its rights under this agreement.  This agreement shall bind the Creditor and the
Borrower and the legal  representatives,  successors and assigns of the Creditor
and the Borrower.

8. In the event of a breach by either the  Creditor or the  Borrower of any term
of this  agreement,  all of the  Obligations  shall,  without  notice or demand,
become immediately due and payable.

9. This  agreement  shall be effective so long as there are any  Obligations  or
there is an  agreement,  in  writing,  pursuant to which the Bank is required to
extend credit to the Borrower.

10. This  agreement  shall be governed by and construed in  accordance  with the
laws of the State of New Jersey. This agreement may be executed in counterparts.

                                        2

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            11. This  Agreement is dated and is  effective  as of September  30,
2002.

                                 THE CREDITOR:

                                 /s/ Christopher J. Carey
                                 -----------------------------------
                                 Christopher J. Carey, President

                                 -----------------------------------
                                 THE BORROWER:

                                 Stronghold Technologies, Inc., a
                                 New Jersey corporation

                                 By: /s/ Christopher J. Carey
                                     -----------------------------------
                                     Christopher J. Carey, President

                                 THE BANK:
                                 UNITEDTRUST BANK

                                 By: /s/ Robert L. Birkhahn
                                     -----------------------------------
                                     Robert L Birkhahn, Vice President

                                       3

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                                   SCHEDULE A
                                   ----------

All  claims of the  Creditor  against  the  Borrower  as of the date  hereof and
subsequently arising including, but not limited to, the following:

Nature of Claim                 Date                    Amount
---------------                 ----                    ------

Promissory Note                 May 16, 2002            $1,200,000.00

Bridge Loan(s)                  Various                 Not to exceed
anticipated to                                          $750,000.00 in
to be repaid from                                       aggregate
proceeds of a stock
offering

                                       4

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EXHIBIT 10.26

                               GUARANTY OF PAYMENT

GUARANTY  dated as of September  30,  2002,  made by  CHRISTOPHER  J. CAREY (the
"Guarantor"),  in favor of UNITEDTRUST  BANK,  having an office at 1130 Route 22
East, P.O. Box 6000, Bridgewater, New Jersey 08807 (the "Bank").

Stronghold  Technologies,   Inc.,  a  New  Jersey  Corporation,  and  Stronghold
Technologies,  Inc., a Nevada Corporation (together the "Borrower"),  desires to
obtain  loans or other  financial  accommodations  from  the  Bank.  The Bank is
unwilling to extend the  accommodations  unless it receives this  Guaranty.  The
Guarantor  wishes the  accommodations  to be made and will derive advantage from
such accommodations.

Accordingly,  to  induce  the Bank,  in its  discretion,  to make such  loans or
accommodations:

Section 1. Guaranty. The Guarantor hereby unconditionally guarantees to the Bank
the prompt  payment,  when due,  whether by  acceleration  or otherwise,  of all
present  or future  obligations  or  liabilities  of the  Borrower  to the Bank,
whether now  existing  or arising  after the date of this  Guaranty,  secured or
unsecured, absolute or contingent,  together with all modifications,  extensions
or renewals of the obligations or liabilities.  This Guaranty covers obligations
and  liabilities  incurred by the Borrower in any capacity  (including as maker,
endorser,  guarantor,  accommodation  party or otherwise)  and also includes the
amount  of any  payment  made by the  Borrower  to the  Bank  which  payment  is
rescinded  or must  otherwise  be  returned by the Bank upon the  insolvency  or
bankruptcy of the Borrower.  This Guaranty  covers  obligations  and liabilities
incurred by the Borrower under any  indemnification  provisions set forth in the
documents  evidencing  and  securing  such  obligations  and  liabilities.  Such
obligations  and  liabilities,  together  with  interest  and all  fees,  costs,
expenses,  attorneys' fees and other costs of collection incurred or paid by the
Bank, are together referred to as the "Indebtedness". This Guaranty replaces and
supercedes the Commercial  Guaranty dated November 1, 2001 from the Guarantor in
favor of the Bank.

Section  2.  Guaranty  Absolute.  The  Guarantor  will pay all  Indebtedness  in
accordance with its terms. The liability of the Guarantor under this Guaranty is
absolute and unconditional irrespective of:

(i) any lack of validity or enforceability of any documents evidencing (or
relating) to the Indebtedness;

(ii) any change in the time, manner,  place or amount of payment or in any other
term of all or any of the  Indebtedness,  or any other amendment or waiver of or
any consent to departure from the terms of the Indebtedness;

(iii) any exchange, release or non-perfection of any collateral or lien securing
all or any part of the Indebtedness,  which exchange,  release or non-perfection
the Guarantor expressly agrees will not be deemed an unjustifiable impairment of
the collateral;

(iv) any  release or  amendment  or waiver of or consent to  departure  from any
other guaranty, for all or any part of the Indebtedness;

(v) any settlement or compromise with any Borrower or any other person relating
to the Indebtedness; or

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(vi)  any  other  circumstances  which  might  otherwise  constitute  a  defense
available to, or a discharge of, any Borrower in respect of the  Indebtedness or
the Guarantor in respect of this Guaranty.

This Guaranty will continue to be effective,  or be reinstated,  as the case may
be, if at any time any of the  Indebtedness  is rescinded  or must  otherwise be
returned  by the Bank upon the  insolvency  or  bankruptcy  of any  Borrower  or
otherwise, all as though such payment had not been made.

Section 3. Waiver. The Guarantor waives presentment,  demand, diligence,  notice
of  acceptance  and any other  notice  with  respect to any of the  Indebtedness
and/or this Guaranty and any requirement that the Bank exhaust any right or take
any action against the Borrower or any other person or entity or any collateral.

Section 4. Subrogation,  Reimbursement  and Indemnity.  The Guarantor waives (a)
ail right to seek  reimbursement  or indemnity  from the  Borrower,  and (b) any
right to subrogation it may have or acquire as result of performance  under this
Guaranty.

Section 5. Representation and Warranties. The Guarantor represents and warrants:

(a) The  execution  and  delivery of this  Guaranty and the  performance  of its
obligations under this Guaranty have been authorized by all necessary action.

(b)  No  authorization,   or  registration   with,  any  court  or  governmental
department,  commission,  agency or instrumentality,  is or will be necessary to
the valid execution, delivery or performance of the Guaranty.

(c) This Guaranty  constitutes  the legal,  valid and binding  obligation of the
Guarantor, enforceable against the Guarantor in accordance with its terms.

(d) The Guarantor has made whatever  inquiry into the financial or other affairs
of the Borrower,  and the terms of any  Indebtedness,  as it deems  necessary or
desirable  prior to executing  this  Guaranty and has not relied on the Bank for
any such information.

(e) The Guarantor shall provide the Bank with any and all financial  information
and/or financial statements as requested by the Bank, including annual financial
statements  and manually  signed copies of federal and state tax returns,  which
shall be satisfactory to the Bank.

(f) The  Guarantor  has not and will  not,  without  the  Bank's  prior  written
consent,  sell,  lease,  assign,  encumber,  hypothecate,  transfer or otherwise
dispose of all or substantially  all of the Guarantor's  assets, or any interest
therein.

Section 6.  Acceleration.  The Guarantor  agrees that, if the maturity of any of
the  Indebtedness  i3  accelerated,  by bankruptcy or otherwise,  as against the
Borrower, the maturity shall also be deemed accelerated for the purposes of this
Guaranty, and without demand on or notice to the Guarantor.

Section 7. Amendments, etc. This Guaranty represents the entire agreement of the
parties. No amendment or waiver of any provision nor consent to departure by the
Guarantor  from any  provision is effective  unless in writing and signed by the
Bank,

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and then the waiver or consent  will be effective  only in the special  instance
and for the specific purpose given.

Section 8. Notices.  All notices required or permitted under this Guaranty shall
be given to the parties at the address  stated in this Guaranty (or at any other
address a party may  designate)  in writing,  sent by first class mail,  postage
prepaid, and is deemed complete upon mailing.

Section 9. No Waiver;  Remedies. No failure on the part of the Bank to exercise,
and no delay in  exercising,  any right under this  Guaranty  shall operate as a
waiver of such  right,  nor shall any  single or partial  exercise  of any right
preclude any further  exercise of such right or of any other right. All remedies
provided in this  Guaranty  and in any  document  evidencing  or relating to any
Indebtedness are cumulative.

Section 10. Right of Set-off;  Security  Interest.  On the occurrence and during
the continuance of any default under the Indebtedness, the Bank is authorized at
any time,  without  notice to the  Guarantor  to set off and apply to any unpaid
Indebtedness:  (a) any  amounts  which  the Bank  from  time to time may owe the
Guarantor,  including  any balance or share of any  general or special  deposit,
certificate of deposit, savings certificates or other account (regardless of the
source  or  intended  use of any  funds  in such  account)  , and (b) any  other
property,  tangible or  intangible,  owned by or in which the  Guarantor  has an
interest  which  may be in the  possession  or  control  of the  Bank,  in which
accounts and other property the Guarantor  grants the Bank a security  interest.
This  right  is in  addition  to and  not in  limitation  of any  other  rights,
including of set-off, which the Bank may have by law.

Section 11.  Continuing  Guaranty;  Assignment.  This  Guaranty is a  continuing
guaranty and will:  (a) remain in full force and effect until payment in full of
the Indebtedness  and all other amounts payable under this Guaranty,  (b) extend
to and cover  every  modification,  waiver,  extension  or  renewal of and every
obligation  accepted in substitution for, the Indebtedness,  (c) be binding upon
the  Guarantor,  its successors and assigns and; (d) inure to the benefit of and
be enforceable by the Bank and its successors, transferees and assigns.

Section 12. Other  Guarantors.  The  obligations  of each  Guarantor  under this
Guaranty shall be joint and several as to each other and all other guarantors of
the  Indebtedness.  This Guaranty shall not be impaired or affected in anyway as
to  the  Guarantor  by  any  termination,   revocation,  release,  modification,
discharge  or  substitution  of  collateral  or  changes as to any or all of the
liabilities or undertakings of any other guarantor.

Section 13.  Guaranty  Not  Modified  By  Bankruptcy.  Neither  the  Guarantor's
obligation in accordance with the terms of this Guaranty, nor any remedy for the
enforcement,  nor  the  amount  of the  Indebtedness  of the  Borrower  will  be
impaired,  modified,  or  limited in any manner  whatsoever  by any  impairment,
modification,  discharge,  limitation of the Indebtedness of the Borrower or its
estate in  bankruptcy  or any remedy  for the  enforcement,  resulting  from the
operation  of any  present or future  provision  of the  Bankruptcy  Code of the
United States or other statute,  or from the decision of any court  interpreting
any of the same, and each Guarantor is obligated under this Guaranty. The amount
of the Indebtedness will, for the purposes of this Guaranty, be determined

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As if no such  impairment,  stay,  modification,  discharge,  or limitation  had
occurred.

Section 14.  Governing  Law. This Guaranty will be governed by, and construed in
accordance  with,  the laws of the  State of New  Jersey.  In the event the Bank
brings any action  hereunder in any court of record of New Jersey or the Federal
Government, the Guarantor consents to and confers personal jurisdiction over the
Guarantor by such court or courts and agrees that service of process may be made
upon the Guarantor by mailing a copy of such process to the Guarantor.

Section 15.  Waiver of Jury Trial.  THE  GUARANTOR  WAIVES  TRIAL BY JURY IN ANY
ACTION  UNDER  OR  RELATING  TO THIS  GUARANTY  AND TO THE  INDEBTEDNESS  OF THE
BORROWER TO THE BANK.

Witness:

/s/ Robert L. Birkhahn                               /s/ Christopher J. Carey
-------------------------------                      --------------------------
Robert L. Birkhahn                                   Christopher J. Carey

                                                     Address:

                                                     450 Claremont Road
                                                     Bernarsdville, NJ  07925

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