Document:

Unassociated Document

    AGREEMENT

    

    THIS
AGREEMENT is executed effective the ____ day of June, 2010, between and among
GROK SOFTWARE, INC., a
Delaware corporation, (“GROK”), FUTURE NOW GROUP, INC., a
Nevada corporation (“FUTR”), FUTURE NOW, INC., a Delaware
corporation (“FNI”),
INTELLECTUAL PROPERTY LICENSING
GROUP, INC., a Delaware corporation ("IPLG"), ELEMENTAL BUSINESS, INC., a
Utah corporation (“EBI”), FUTURE NOW CONSULTING, INC., a
Delaware corporation (“FNC” and together with GROK,
FUTR, FNI, IPLG and EBI, individually and collectively, jointly and severally,
the “Borrower”) with
offices at 80 Mountain Laurel Road, Fairfield, CT 06824 and PROFESSIONAL OFFSHORE OPPORTUNITY
FUND, LTD (“POOF” or the “Lender”).”

    

    R E C I T
A L S:

    

    

    WHEREAS,
on or about October 30, 2007,  FUTR issued a Secured Convertible
Debenture in the original principal amount of (i) $1,666,667 to POOF and (ii)
$333,333 to Professional Traders Fund (which debenture was assigned to POOF
contemporaneously with this Agreement) (collectively, the “Debenture”), which
Debenture was secured by, amongst other things, that certain Security Agreement
dated October 30, 2007, executed by FUTR in favor of Lender (“Security
Agreement”). The Debenture, the Security Agreement and any related loan
documents may be referred to collectively as the Loan Documents.

    

    WHEREAS,
FUTR is in default under the Security Agreement and the
Debenture.  The aforesaid default consists of FUTR's failure to make
certain payments to Lender when due and FUTR's failure to repay the indebtedness
evidenced by the Debenture following Lender's acceleration thereof as set forth
in more detail in Lender’s prior letter to Debtor dated April 8,
2009.

    

    WHEREAS,
contemporaneously with this Agreement, Lender intends to foreclose on the
following personal property collateral and retain in partial satisfaction
($100,000) of the Debenture of (i) 5,448,021 shares of capital stock issued by
Future Now, Inc., a Delaware corporation (“FNI”), in the name of Future Now
Group, Inc., a Nevada corporation, represented by certificate no. 23 (the “FNI
Stock”) and which FNI Stock represents 100% of the issued and outstanding shares
of FNI; (ii)  27,533 shares of capital stock issued by Elemental
Business, Inc., a Utah corporation (“EBI”), in the name of Future Now Group,
Inc., a Nevada corporation, represented by certificate no. 18 (the “EBI Stock”)
and which EBI Stock represents 100% of the issued and outstanding shares of EBI;
(iii) 36,681,883 shares of capital stock issued by Future Now Group, Inc., in
the name of Eisenberg Holdings, LLC and pledged to Lender under that certain
pledge agreement dated October 30, 2007 (the “FUTR Stock”) and (iv) that certain
demand note in the amount of $1,083,587 made by FNI in favor of Future Now
Group, Inc.  (the “FNI Loans”, together with the FNI
Stock,  the EBI Stock and the FUTR Stock, the “Foreclosed
Collateral”).

    

    WHEREAS,
after the foreclosure in the preceding paragraph on the Foreclosed Collateral,
the outstanding amount of the Debenture (including all accrued and unpaid
interest) shall be $1,800,000;

    

    WHEREAS, the above
described Debenture, together with all interest, penalties and fees incurred in
connection therewith, is referred to hereafter as the “Prior Debt” and all loan
agreements, notes, security agreements, guaranties, mortgages and other
documents executed in connection with the Prior Debt are hereafter referred to
as the “Prior Loan Documents.”

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    NOW,
THEREFORE, in consideration of the mutual agree­ments between the parties,
it is agreed as follows:

    

    1.           RESTRUCTURE AND NEW
LENDING.  Pursuant to this Agreement, the parties agree to a
complete restructuring of the Prior Debt, all to be effectuated through the
issuance of amended and restated instruments, new instruments and common
stock.  This Agreement together with all notes, security agreements,
mortgages, guaranties, securities and other documents and instruments executed
to effectuate this Agreement shall be referred to hereafter as the “Restructure
Documents.”

     

    2.           CLOSING.  Subject
to all of the terms and conditions set forth in this Agreement being satisfied,
the closing of the transactions contemplated by this Agreement (the “Closing”)
shall take place at the offices of the Lender’s counsel on such date, at such
place and at such time (the “Closing Date”) within two (2) business days after
the satisfaction or waiver of the last of the conditions set forth in Section 7
and hereof as shall be determined by the mutual consent of the parties
hereto.

     

    3.           DEBENTURE.  In
accordance with this Agreement, the Debenture shall be amended and restated as
set forth below.

     

    
      	
               
      

            	
              3.1.

            	
              Amended
      & Restated Note.  At
      Closing, Borrower will sign an amended and restated note in form
      and substance and payable on the terms approved by Lender (the “Amended and
      Restated Note”) in the amount of $1,800,000.  The amended
      and restated note shall amend and restate the
      Debenture.  Interest will accrue from the Closing and will be
      paid at the Maturity Date.  Beginning December 31,
      2010,  Borrower will make mandatory prepayments of the Amended
      and Restated Note each quarter from Excess Cash Flow (as defined in
      Section 17 of the Note).  The Amended and Restated Note shall
      mature and become due 48 months after closing, at which time, Borrower will
      make a balloon payment of the entire outstanding principal balance
      together with all accrued interest and other charges, if
      any.  The Amended and
      Restated Note will be secured by a first priority security interest
      covering all existing and future assets of Borrower, including but not
      limited to, accounts receivable, inventory, equipment, and
      intangibles.

            

    

     

    
      	
               
      

            	
              3.2.

            	
              Interest.  Interest
      on the Amended and Restated Note will accrue at the rate of 15% per
      annum.  All interest on the Amended and Restated Note will be
      calculated for the actual number of days elapsed at a per diem charge
      based on a year consisting of 360
days.

            

    

     

    
      	
               
      

            	
              3.3.

            	
              Prepayment.  The
      Amended and Restated Note shall be subject to mandatory prepayment as
      follows:  (A) the outstanding principal amount of the Loan shall
      be immediately prepaid by an amount equal to 100% of all Net Cash Proceeds
      (as defined in Section 17 of the Note); and (B) beginning December 31,
      2010, the outstanding principal amount of the Loan shall be immediately
      prepaid by an amount equal to the Excess Cash Flow (as defined in Section
      17 of the Note), within forty-five (45) days after the end of such fiscal
      quarter.  Amounts prepaid hereunder shall be applied first to
      the outstanding principal amount of the Amended and Restated
      Note.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    4.           COLLATERAL
SECURITY.  The performance of all covenants and agreements
contained in this Agreement and in the other documents executed or delivered as
a part of this transaction and the payment of the notes and all renewals,
amendments and modifications thereof shall be secured by the following, which
shall be delivered at the Closing:

     

    
      	
               
      

            	
              4.1.

            	
              Security
      Agreement.  Borrower will grant to the
      Lender  a security interest covering the
    following:

            

    

     

    
      	
               
      

            	
              4.1.1.

            	
              Accounts.  All
      of Borrower’s accounts and contracts receivable of any kind whether now
      existing or hereafter arising (herein called the “Accounts”); all chattel
      papers, documents and instruments relating to the Accounts; and all rights
      now or hereafter existing in and to all security agreements, leases, and
      other contracts securing or otherwise relating to any Accounts or any such
      chattel papers, documents and
instruments;

            

    

     

    
      	
               
      

            	
              4.1.2.

            	
              Furniture, Fixtures,
      and Equipment.  All of Borower’s furniture, fixtures and
      equipment in all of its forms whether now owned or hereafter acquired and
      wherever located (herein called the “Equipment”); all parts thereof and
      all accessions or additions thereto, whether now owned or hereafter
      acquired;

            

    

     

    
      	
               
      

            	
              4.1.3.

            	
              General
      Intangibles.  All of Borrower’s general intangibles of
      any kind whether now existing or hereafter arising (herein called the
      “General Intangibles”); all chattel papers, documents and instruments
      relating to the General Intangibles; and all rights now or hereafter
      existing in and to all security agreements, leases, licenses, permits,
      patents, distribution agreements and contracts securing or otherwise
      relating to any General Intan­gibles or any such chattel papers,
      documents and instruments and all of Borrower’s lien rights against other
      persons whether statutory, contractual, or by common law with respect to
      the leases, Inventory or other collateral described in this
      Agreement;

            

    

     

    
      	
               
      

            	
              4.1.4.

            	
              Inventory.  All
      of Borrower’s inventory in all of its forms whether now owned or hereafter
      acquired and wherever located (herein called the “Inventory”), and all
      accessions or additions thereto and products thereof, whether now owned or
      hereafter acquired;

            

    

     

    
      	
               
      

            	
              4.1.5.

            	
              Other.  Without
      in any way limiting or modifying the foregoing in any respect, all of
      Borrower’s goods, chattels, business records, contracts, contract rights,
      advertising agreements, tax refunds, documents of title, fixtures,
      insurance policies and proceeds, patents, trademarks, service marks,
      logos, trade names, copyrights and applications therefor, licenses,
      licensing fees, permits, approvals, consents, certificates, stock,
      surveys, engineering reports, tools, landscaping, machinery, furniture,
      furnishing, business machines, appliances, vehicles, trailers, rolling
      stock, deposits, security deposits, money, securities, claims, demands,
      causes of action, refunds, rebates, income and all other tangible and
      intangible real, personal or mixed property whether now owned or hereafter
      acquired;

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    
      	
               
      

            	
              4.1.6.

            	
              Additional
      Property.  Any additional Property from time to time
      delivered to or deposited with the Lender as security pursuant to the
      terms of this Agreement; and

            

    

     

    
      	
               
      

            	
              4.1.7.

            	
              Proceeds.  All
      proceeds, products, additions to, replacements of, substitutions for, and
      accessions of any and all Property described
  above.

            

    

     

    The
property described in this section shall be referred to hereafter as the
“Collateral.”

     

    5.           PLEDGE
AGREEMENT.  GROK and any other Borrower will pledge all of
their equity interests held by them in any other entity Borrower, including
without limitation, the FNI Stock and the EBI Stock being contributed by Lender
to GROK pursuant to Section 6 below.

     

    6.           CONTRIBUTION OF COLLATERAL
FOR PREFERRED STOCK.  At  the Closing, Lender will
contribute the FNI Stock, the EBI Stock and the FNI Loans  to GROK in
exchange for 1 share of GROK’s Series A Convertible Preferred Stock (“Series A
Preferred”), the terms of which are  attached hereto as Exhibit
A.

     

    
      	
               
      

            	
              6.1.

            	
              Number of Conversion
      Shares.  The Series A Preferred is convertible into that
      shares of GROK’s common stock, par value $0.001 per shares (“Common
      Stock”) as follows:  (i) 12.5% of Common Stock if the Amended
      and Restated Note if repaid in full on or before March 31, 2011; . (ii)
      15% of Common Stock if the Amended and Restated Note if repaid in full on
      or before March 31, 2012; (i) .20% of Common Stock if the Amended and
      Restated Note if repaid in full anytime after March 31, 2012 (the
      “Conversion Shares”).

            

    

     

    
      
        	
              	
                6.2.

              	
                Taxes.
      The
      issuance of certificates for the Conversion Shares shall be made without
      charge to the Lender for any documentary stamp or similar taxes that may
      be payable in respect of the issue or delivery of such
      certificate.

              

      

    

     

    7.           CONDITIONS OF
CLOSING.  The obligations of Lender to perform this Agreement
and consummate the transactions contemplated hereby, is subject to the
performance by Borrower of each of the following conditions
precedent:

     

    
      	
               
      

            	
              7.1.

            	
              Restructure
      Documents.  The Restructure Documents and all other
      instruments and documents incidental to the transactions contemplated
      hereby shall have been duly executed, acknowledged (where appropriate),
      and delivered to Lender by Borrower, all in form and substance
      satisfactory to Lender.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    
      	
               
      

            	
              7.2.

            	
              Bridge Note
      Holders.  Each of those certain note holders set forth on
      Schedule 7.2 attached hereto have executed release agreements releasing
      FUTR from any and all liability thereunder, in form and substance
      satisfactory to Lender.

            

    

     

    
      	
               
      

            	
              7.3.

            	
              Prohibitive
      Orders.  No order, writ or injunction of any court or
      administrative agency is in effect or is being sought prohibiting the
      transactions contemplated by this Agreement or the other Restructure
      Documents.

            

    

     

    
      	
               
      

            	
              7.4.

            	
              Authority. The
      Lender shall have received a certificate of incorporation, certificate of
      good standing, a certified copy of the bylaws and certified copies of
      corporate resolutions and other documents reasonably required to authorize
      the execution, delivery and performance of the Restructure Documents by
      each Borrower, all in form and substance satisfactory to the
      Lender.

            

    

     

    
      	
               
      

            	
              7.5.

            	
              Representations and
      Warranties. The representations and warranties set forth in this
      Agreement shall be true and correct on and as of Closing, the initial
      advance, and each additional advance with the same effect as if such
      representations
      and             warranties
      had been made on and as of such date and there shall have
      occurred.

            

    

     

    
      	
               
      

            	
              7.6.

            	
              No Default.
      There shall not exist any Event of Default under this Agreement or any
      event which, with the giving of notice or the lapse of time (or both)
      would become an Event of Default thereunder;
and

            

    

     

    
      	
               
      

            	
              7.7.

            	
              Deliveries.  Borrower
      shall have delivered the following to the
  Lender:

            

    

     

    
      	
               
      

            	
              7.7.1.

            	
              Note. The
      Amended and Restated Note;

            

    

     

    
      	
               
      

            	
              7.7.2.

            	
              Preferred
      Stock.  The Series A Preferred
  Stock;

            

    

     

    
      	
               
      

            	
              7.7.3.

            	
              Security
      Agreements. A security agreement and a pledge agreement duly
      executed by each Borrower, in form and substance  satisfactory
      to the Lender, granting the Lender a security interest in the
      Collateral;

            

    

     

    
      	
               
      

            	
              7.7.4.

            	
              Resolutions.
      Copies of resolutions of the board of directors of each Borrower
      authorizing the execution, delivery and performance of the Restructure
      Documents by each Borrower

            

    

     

    
      	
               
      

            	
              7.7.5.

            	
              Incorporation
      Documents.  Each Borrower shall deliver to Lender copies
      of its articles/certificate of incorporation (certified by the Secretary
      of State of its jurisdiction of incorporation and
  bylaws;

            

    

     

    
      	
               
      

            	
              7.7.6.

            	
              Good Standing
      Certificates.  Each Borrower shall deliver to Lender a
      good standing certificate from its jurisdiction of incorporation, dated
      within 5 days of the Closing;

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

    
      	
               
      

            	
              7.7.7.

            	
              Release from Bridge
      Note Holders.  Borrower shall have delivered to Lender
      executed copies of the release agreements referred to in Section 7.2
      above.

            

    

     

    
      	
               
      

            	
              7.7.8.

            	
              Schedules. All
      collateral schedules, financing statements, security interest,
      subordination agreements, releases and termination statements which the
      Lender may request to assure the creation, perfection and priority of the
      security interests created by the security agreement;
  and

            

    

     

    
      	
               
      

            	
              7.7.9.

            	
              UCC Financing
      Statements. UCC financing statements describing the collateral
      securing the repayment of the indebtedness and UCC financing statements
      for each Borrower.

            

    

     

    8.           REPRESENTATIONS AND
WARRANTIES.  To induce the Lender to enter into this Agreement,
each Borrower jointly and severally represent and warrant to the Lender
that:

     

    
      	
               
      

            	
              8.1.

            	
              Existence and
      Power.  Each Borrower is and will continue to
      be  corporations duly formed and validly existing in good
      standing under the laws of their respective states of
      organization  and are authorized and qualified to do business in
      each state where, because of the nature of the activities or assets, such
      qualification is required, except those states where failure to so qualify
      will not have a material adverse effect; each Borrower has adequate power,
      authority, and legal right to own, operate and hold the Collateral; each
      Borrower is duly authorized, qualified and licensed under all applicable
      laws, regulations, ordinances or orders of public authorities to carry on
      their business in the operation and ownership of the Collateral; each
      Borrower has adequate authority, power and legal right to enter into,
      execute, deliver and perform the terms of the Restructure Documents, to
      borrow money and to give security for borrowings as contemplated by the
      Restructure Documents and to consummate the transactions contemplated
      thereby, and in doing so, no Borrower will violate any law or the
      provisions of any articles, charter or bylaws or any other agreement or
      instrument binding upon such Borrower or the Collateral.  The
      Restructure Documents, upon their execution and delivery, will constitute
      valid, legal and binding Indebtedness of each Borrower, enforceable in
      accordance with their terms, subject only to applicable bankruptcy,
      insolvency or similar laws generally affecting the enforcement of
      creditor’s rights.

            

    

     

    
      	
               
      

            	
              8.2.

            	
              No
      Usury.  The transaction evidenced by this Agreement does
      not violate any usury law or other law relating to the payment of interest
      on loans.

            

    

     

    
      	
               
      

            	
              8.3.

            	
              Regulatory
      Compliance.  The authorization, execution, delivery, and
      performance of this Agreement and each and every Restructure Document are
      not and will not be subject to the jurisdiction, approval or consent of,
      or to any requirement of registration with or notification to, any
      federal, state or local regulatory body or administrative agency, and any
      notice filings under federal and state securities
  laws;

            

    

     

    
      	
               
      

            	
              8.4.

            	
              Financial
      Statements.  Financial statements furnished to the Lender
      by Borrower were prepared in accordance with generally accepted accounting
      principles consistently applied, except as expressly therein set
      forth.  They present fairly the financial condition of Borrower
      as of the dates thereof.  The annual reports disclose fully all
      liabilities of Borrower whether or not contingent, with respect to any
      pension plan.  Since the date of the most recent financial
      statement, there has been no material adverse change in the financial
      condition of Borrower other than as disclosed to the
    Lender;

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

       

    

    
      	
               
      

            	
              8.5.

            	
              Liabilities.  No
      Borrower has any material liabilities, direct or contingent, except those
      to Lender and those disclosed to the
Lender;

            

    

     

    
      	
               
      

            	
              8.6.

            	
              Full
      Disclosure.  Neither this Agreement, the other
      Restructure Documents nor any statement or documents referred to herein or
      delivered to the Lender by any Borrower, or any other party on their
      behalf contains any untrue statement or omits to state a material fact
      necessary to make the statements herein or therein not
      misleading;

            

    

     

    
      	
               
      

            	
              8.7.

            	
              Litigation.  Except
      as disclosed in writing to the Lender, there is no action, suit proceeding
      or investigation pending, or threatened against any Borrower which, if
      adversely determined, would adversely affect any Borrower or impair the
      ability of Borrower to carry on their businesses substantially as now
      conducted or contemplated or result in any substantial liability not
      adequately covered by insurance;

            

    

     

    
      	
               
      

            	
              8.8.

            	
              No
      Default.  The making and performance by each Borrower of
      this Agreement will not violate any provision or constitute a default
      under any indenture, agreement, or instrument to which such Borrower may
      be a party or by which Borrower or any of the Collateral is bound or
      affected;

            

    

     

    
      	
               
      

            	
              8.9.

            	
              Ownership of
      Collateral.  Borrower has good and marketable title to
      the Collateral;

            

    

     

    
      	
            	
              8.10.

            	
              No
      Encumbrances.  All assets of Borrower are free and clear
      of all liens, security interests, and encumbrances, except those
      specifically permitted by Lender;

            

    

     

    
      	
            	
              8.11.

            	
              Priority. When
      the financing statements delivered pursuant to this Agreement are filed in
      the proper offices where Borrower is incorporated, the Lender will have a
      valid and perfected first security interest in the Collateral described in
      the Security Agreement, subject to no prior security interest, assignment,
      lien or encumbrance except interests, if any, specifically approved by the
      Lender in writing;

            

    

     

    
      	
            	
              8.12.

            	
              Pledge
      Agreement.  The FNI Stock and the EBI Stock represent
      100% of the issued and outstanding stock of FNI and EBI, respectively and
      are duly and validly issued and are full paid and non-assessable shares of
      FNI and EBI.   When deposited with Lender pursuant to the
      Pledge Agreement, the FNI Stock and the EBI Stock (the “Pledged
      Securities”) will be duly and validly pledged in accordance with
      applicable law, and Borrower warrants, covenants and agrees to defend
      Lender’s right and title in and to the Pledged Securities against the
      claims and demands of all persons and entities.  Borrower is the
      sole legal and equitable owner of, and has good title to tall of the
      Pledged Securities, free and clear of all claims, security interests,
      mortgages, pledges, liens and other encumbrances of every nature
      whatsoever, but subject to any restrictions imposed by the securities
      laws, except in favor of Lender.  The security interest
      described in the Pledge Agreement represents a valid first lien on and
      security interest in the Pledged Securities superior and prior to the
      rights of all third persons or
entities.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

    

    
      	
            	
              8.13.

            	
              Permits.  Each
      Borrower has, or will obtain, all governmental and private permits,
      certifi­cates, consents and franchises which are material to the
      business, property, assets, operations or condi­tion, financial or
      otherwise, of such Borrower to carry on their businesses as now being
      conducted.  All such governmental and private permits,
      certifi­cates, consents and franchises are, or will be, valid and
      subsisting, and there is no existing violation
  thereof;

            

    

     

    
      	
            	
              8.14.

            	
              Taxes.  Except
      as disclosed to the Lender, each Borrower has filed all foreign, federal,
      state and local tax returns which are required to be filed and have paid
      or made provisions for payment of all taxes which have or may become due
      pursuant to said returns or pursuant to any assessment.  No
      Borrower knows of any basis for the assessment of any deficiency
      taxes;

            

    

     

    
      	
            	
              8.15.

            	
              Location of Business
      Records.  Each Borrower will give the Lender written
      notice of each location of such Borrower at which inventory and records of
      any such Borrower pertaining to Collateral are kept.  Except as
      such notice is given, all records of Borrower pertaining to the Collateral
      are and will continue to be kept at Borrower’s addresses as they appear in
      this Agreement, or at such other address as Borrower designate for such
      purpose in a written notice to the
Lender.

            

    

     

    
      	
            	
              8.16.

            	
              ERISA.  Each
      qualified retirement plan of each Borrower presently conforms and is
      administered in a manner consistent with the Employee Retirement Income
      Security Act of 1974.

            

    

     

    
      	
            	
              8.17.

            	
              Survival of
      Representations.  All representations and warranties made
      by each Borrower herein will survive the Closing, and any investigation at
      any time made by or on behalf of the Lender will not diminish the Lender’s
      right to rely thereon.  All statements contained in any
      certificate or other instrument delivered by or on behalf of a Borrower
      under or pursuant to this Agreement or in connection with the transactions
      contemplated hereby will constitute representations and warranties made by
      each Borrower hereunder.

            

    

     

    9.           AFFIRMATIVE
COVENANTS.  Until payment in full of the Amended and Restated
Note, each Borrower jointly and severally agree that, unless the Lender
otherwise consents in writing, each Borrower will perform or cause to be
performed the following agreements:

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

       

    

    
      	
               
      

            	
              9.1.

            	
              Performance of
      Obligations.  Each Borrower will promptly and punctually
      perform all of the obligations hereunder and under the Restructure
      Documents, and under all other instruments executed or delivered pursuant
      thereto;

            

    

     

    
      	
               
      

            	
              9.2.

            	
              Maintenance of
      Collateral.  Maintain their properly in good working
      order and condition; make all needful and proper repairs, replacements,
      additions and improvements thereto.

            

    

     

    
      	
               
      

            	
              9.3.

            	
              Equipment Appraisal
      Updates.  Equipment appraisal update inspections will be
      performed every six months.

            

    

     

    
      	
               
      

            	
              9.4.

            	
              Financial Reports and
      Condition.   Borrower will furnish or cause to be
      furnished to the Lender, prepared in accordance with generally accepted
      accounting principles, and certified as to truth and accuracy by either
      the chief executive officer or chief financial officer of
      each  Borrower, the
following:

            

    

     

    
      	
               
      

            	
              9.4.1.

            	
              Quarterly Financial
      Statements.  Borrower will deliver quarterly financial
      statements of at least compiled quality by the 45th
      day following the end of each
quarter.

            

    

     

    
      	
               
      

            	
              9.4.2.

            	
              Annual Financial
      Statements.  Borrower will furnish to the Lender their
      audited annual financial statement on or before April 15th
      of each year.

            

    

     

    
      	
               
      

            	
              9.5.

            	
              Other
      Information.  At the Lender’s request from time to time,
      a Borrower will provide the Lender with such other information as the
      Lender may reasonably request regarding the business affairs or financial
      condition of such Borrower, and each Borrower will provide access to the
      Lender at all reasonable times to all agreements, purchase and sale
      contracts, maintenance agreements, and all other documents and information
      relating to the Collateral.

            

    

     

    
      	
               
      

            	
              9.6.

            	
              Taxes.  All
      taxes which hereafter become due and assessments, governmental charges and
      levies which are hereafter imposed on any Borrower or their respective
      assets, income and profits will be paid prior to the date on which
      penalties attach thereto; provided that a Borrower will not be required to
      pay any such charge which is being contested in good faith by proper
      proceedings as to which adequate reserves have been
      established.

            

    

     

    
      	
               
      

            	
              9.7.

            	
              Tax on
      Indebtedness.  Each Borrower hereby agrees to pay any and
      all taxes which may be levied or assessed directly or indirectly on the
      notes or any of the Restructure Documents, or the debt secured thereby,
      without regard to any law which may be hereafter enacted imposing payment
      of the whole or any part thereof upon the Lender, its successors or
      assigns; and, upon violation of this Agreement, or upon the rendering by
      any court of competent jurisdiction of a decision that such an agreement
      by a Borrower is legally inoperative, or if the rate of said tax, when
      added to the rate of interest provided for in the Note, shall exceed the
      then legal rate of interest, then, and in any such event, the debt hereby
      secured, without deduction, shall, at the option of the Lender, become
      immediately due and payable, anything contained in the Restructure
      Documents notwithstanding; provided that any Borrower’s obligation to pay
      such taxes shall exclude United States franchise taxes and United States
      taxes imposed on or measured by Lender’s net income or net
      receipts;

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

       

    

    
      	
               
      

            	
              9.8.

            	
              Access.  Each
      Borrower shall permit any officer, employee, attorney, or accountant for
      the Lender or for any participant designated by the Lender, to inspect the
      Collateral or to review, make extracts from, or copy any and all of its
      corporate and financial books, records and properties of any Borrower at
      all times during ordinary business
hours.

            

    

     

    
      	
               
      

            	
              9.9.

            	
              Title;
      Pledge.  Each Borrower agrees to grant to the Lender
      first perfected security interests covering all or any part of the
      Collateral.  Each Borrower will maintain and defend good and
      marketable title to the Collateral free and clear of all claims, liens or
      encumbrances except those in favor of the
  Lender.

            

    

     

    
      	
            	
              9.10.

            	
              Qualification;
      Licenses.  Each Borrower will take such actions or cause
      such actions to be taken as might be required to maintain such Borrower’s
      corporate existence and all governmental and private permits, licenses and
      authori­ties of any Borrower necessary or desirable to the
      continuation of their businesses and will comply with all statutes and
      governmental regulations.

            

    

     

    
      	
            	
              9.11.

            	
              Notices.  Each
      Borrower will promptly give written notice to the Lender
      of:  (a) any litiga­tion commenced against or affecting a
      Borrower, or the Collateral; (b) any dispute which exists between any
      Borrower and any governmental regulatory body or law enforcement authority
      relating to any federal or state laws that could reasonably be expected to
      have a material adverse effect on (i) the financial condition or results
      of opera­tions of any Borrower, or (ii) the ability of any Borrower to
      perform their obligations here­under or under any other Restructure
      Documents; (c) any event of Default; (d) any change in the senior
      management of a Borrower regardless of the reason for such change (i.e.
      action by stockholders, board of directors, death or retirement); and (e)
      any other matter which has resulted or could be expected to result in a
      material adverse change in (i) the financial condition or results of
      operations of any Borrower or (ii) the ability of any Borrower to perform
      under this Agreement or any of the Restructure
  Documents.

            

    

     

    
      	
            	
              9.12.

            	
              Additional
      Documents.  At any time and from time to time, upon
      written request of the Lender, each Borrower agrees to furnish any
      additional informa­tion and to execute any and all additional
      documents, not inconsistent with the provisions of this Agreement, which
      may be required by the Lender in connection with or pursuant to any
      provision set forth in this Agree­ment or the Restructure
      Documents;

            

    

     

    
      	
            	
              9.13.

            	
              Compliance with
      Applicable Law.  Each Borrower will continuously comply
      with all applicable regulations, rules, ordinances or orders of the United
      States of America, any state, or any other jurisdiction, or of any agency
      of federal state and local taxing authority or other agency which might
      materially and adversely affect the business, operations or financial
      condition of Borrower;

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

       

    

    
      	
            	
              9.14.

            	
              Books and
      Records.  Each Borrower will keep and maintain accurate
      books and records in accordance with sound accounting practices
      consistently applied;

            

    

     

    
      	
            	
              9.15.

            	
              Insurance.  Borrower
      will maintain property, liability, workman’s compensation and other forms
      of insurance in amounts reasonably designated at any time or from time to
      time by the Lender;

            

    

     

    10.           NEGATIVE
COVENANTS.  Until payment in full of the Amended and Restated
Note, each Borrower jointly and severally agree that unless the Lender otherwise
consents in writing, which consent shall not be unreasonably withheld, no
Borrower will perform or permit to be performed any of the following
acts:

     

    
      	
            	
              10.1.

            	
              Control.  There
      shall be no change in the executive management of any Borrower without the
      Lender’s prior written consent.

            

    

     

    
      	
            	
              10.2.

            	
              Other
      Debt.  Shall incur any additional secured debt in excess
      of $50,000 without prior approval from the Lender; provided however, that
      Borrower may enter into that certain proposed sales and marketing credit
      facility of up to $700,000 on substantially the terms attached hereto as
      Exhibit
      A.

            

    

     

    
      	
            	
              10.3.

            	
              Insider
      Debt.  Permit funds to be owing to any Borrower by the
      directors or stockholders of any Borrower, or members of their families,
      on account of any loan, credit sale or other transaction or
      event;

            

    

     

    
      	
            	
              10.4.

            	
              Contingent
      Liabilities.  No Borrower will assume, guarantee, endorse
      or otherwise become contingently liable for the indebtedness of any other
      person, firm or corporation, except by the endorsement of negotiable
      instruments for deposit or collection or other similar transactions in the
      ordinary course of their business;

            

    

     

    
      	
            	
              10.5.

            	
              Senior
      Debt.  No Borrower will take or permit to be taken any
      action which would or might impair the senior position of the Lender under
      the Restructure Documents;

            

    

     

    
      	
            	
              10.6.

            	
              Creation of
      Liens.   No Borrower shall create, assume or suffer to
      exist any mortgage, pledge, lien, charge or encumbrance on any of the
      Collateral excluding only encumbrances to the Lender contemplated by this
      Agreement, except the security interests created by the Security
      Agreement, liens for taxes or assessments not yet due or contested in good
      faith by appropriate proceedings, security interests approved by the
      Lender in writing, at its sole discretion, and other liens, charges and
      encumbrances incidental to the conduct of their business or the ownership
      of their property which were not incurred in connection with the borrowing
      of money or the purchase of property on credit and which do not in the
      aggregate materially detract from the value of their property or
      materially impair the use thereof in their
  business;

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

       

    

    
      	
            	
              10.7.

            	
              Disposition of
      Collateral.   No Borrower shall sell, convey, assign,
      transfer or otherwise dispose of any of the Collateral or any other assets
      of Borrower except for the use of inventory in the ordinary course of
      business;

            

    

     

    
      	
            	
              10.8.

            	
              Liquidation or
      Merger.   No Borrower shall liquidate, dissolve, or enter
      into any consolidation, merger, sale of substantially all of its assets,
      or other business combination, and no Borrower shall discontinue or
      substantially alter the normal operation of their respective
      businesses.

            

    

     

    
      	
            	
              10.9.

            	
              Distribution.  (a)
      Declare or pay any dividends, stock bonuses or any other distributions to
      any stockholder or any other person; or (b) authorize or make any other
      distribution to any stockholder, subsidiary, affiliate or person of any of
      the assets or business of a
Borrower;

            

    

     

    
      	
            	
              10.10.

            	
              Stock
      Redemption.  Purchase, acquire, redeem, retire or call or
      make any commitment to purchase, acquire, redeem, retire or call any of
      the capital stock or other equity instruments of any
    Borrower;

            

    

     

    
      	
            	
              10.11.

            	
              Excessive
      Compensation.  Pay excessive or unreasonable salaries,
      bonuses, fees, commissions or other
  compensation;

            

    

     

    
      	
            	
              10.12.

            	
              Investments.  Purchase
      stock or securities of, extend credit to or make investments in, become
      liable as surety for, or guarantee or endorse any obligation of, any
      person, firm or corporation, except direct obligations of the United
      States and commercial lender
deposits;

            

    

     

    
      	
            	
              10.13.

            	
              Purchase of
      Property.   Acquire equipment valued in excess of
      $50,000 without prior Lender approval.  Acquisition includes
      every means of acquiring new equipment including capital leases, true
      leases or any other arrangement.

            

    

     

    
      	
            	
              10.14.

            	
              Default.  Permit
      any default or event of default to occur under any note, loan agreement,
      lease, mortgage, contract for deed, security agreement or other
      contractual obligation binding upon a
Borrower;

            

    

     

    
      	
            	
              10.15.

            	
              Other
      Agreements.   Neither Enter into any agreement that
      limits or restricts the ability of any Borrower to comply with the terms
      of the Restructure Documents.

            

    

     

    11.           EVENTS OF
DEFAULT.  Unless consented to by the Lender, the occurrence of
any of the following events will constitute a “Default” under the Restructure
Documents:

     

    
      	
            	
              11.1.

            	
              Nonpayment of
      Note.  Default in payment when due of any interest or
      principal of any of the notes when and such failure shall continue for
      five (5) calendar days.

            

    

     

    
      	
            	
              11.2.

            	
              Other
      Nonpayment.  Default in payment when due of any other
      indebtedness payable to the Lender under the terms of the Restructure
      Documents and such failure shall continue for five (5) calendar
      days;

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

       

    

    
      	
            	
              11.3.

            	
              Breach of
      Agreement.  Default by any Borrower in the performance or
      observance of any covenant contained in the Restructure Documents or under
      the terms of any other instrument delivered to the Lender in connection
      with any of the Restructure Documents when such failure continues for a
      period of ten (10) calendar days;

            

    

     

    
      	
            	
              11.4.

            	
              Representations and
      Warranties.  Any representation, statement, certificate,
      schedule or report made or furnished to the Lender on behalf of a Borrower
      proves to be false or erroneous in any material respect at the time of the
      making thereof or any warranty ceases to be complied with in any material
      respect;

            

    

     

    
      	
            	
              11.5.

            	
              Default on Substantial
      Obligations.  A Borrower shall fail to pay when due any
      substantial liability or liabilities owed to persons other than the
      Lender; or the maturity of any such liability or liabilities shall be
      accelerated; or any breach, default or event of default shall occur under
      any indenture, loan agreement, note or agreement pertaining to any such
      liability, entitling a creditor or representative of creditors of
      Borrower, acting with or without the consent or concurrence of other
      creditors and with or without notice or a period of grace, to accelerate
      the maturity of or demand payment of any such liability, whether such
      breach, default or event of default is waived by the creditor so entitled.
      “Substantial” for these purposes, means in excess of Twenty-Five Thousand
      and No/100 Dollars ($25,000);

            

    

     

    
      	
            	
              11.6.

            	
              Insolvency.  The
      making of an assignment for the benefit of the creditors of any
      Borrower;

            

    

     

    
      	
            	
              11.7.

            	
              Bankruptcy.  The
      institution of bankruptcy, reorganiza­tion, liquidation or
      receivership proceedings by or against any Borrower under the Bankruptcy
      Code, as amended, or under any other laws, whether state or federal, for
      the relief of a Borrower, now or hereafter
  existing;

            

    

     

    
      	
            	
              11.8.

            	
              Receivership.  The
      appointment of a receiver or trustee for any Borrower or for any
      substantial part of the Collateral, or the discontinuance of business or a
      material adverse change in the nature of the business of any Borrower or
      in the financial condition of any
Borrower

            

    

     

    
      	
            	
              11.9.

            	
              Benefit Plan
      Insecurity.  Any event or reportable event which the
      Lender in good faith determines to constitute potential grounds for the
      termination of any employee benefit plan or other plan maintained for
      employees of any Borrower, or for the appointment of a trustee to
      administer any such plan, shall have occurred and be continuing thirty
      (30) calendar days after written notice to such effect shall have been
      given by the Lender to any Borrower; or any such plan shall be terminated,
      or a trustee shall be appointed to administer any such plan; or the
      Pension Benefit Guaranty Corporation shall institute proceedings to
      terminate any such plan or to appoint a trustee to administer any such
      plan;

            

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

       

    

    
      	
            	
              11.10.

            	
              Judgment.  Entry
      by any court of a final judgment against any Borrower or an attachment of
      any portion of the Collateral;

            

    

     

    
      	
            	
              11.11.

            	
              Termination of
      Corporate Existence.  The cessation by any Borrower to be
      a validly existing corporation under the laws of their respective states
      of organization; or

            

    

     

    
      	
            	
              11.12.

            	
              Failure of
      Liens.  Failure of the Lender’s security interests
      covering the Collateral to constitute first and prior liens on any of the
      Collateral.

            

    

     

    12.           REMEDIES.  On
the occurrence of an event of Default which has not been timely cured, the
Lender may terminate all Indebtedness of the Lender under the Restructure
Documents, including, without limitation, any obligation to make advances under
the Revolving Note, and may exercise any one or more of the following
options:

     

    
      	
            	
              12.1.

            	
              Acceleration.  The
      Lender may declare the Indebtedness evidenced to be immediately due and
      payable, and the same shall thereupon be immediately due and payable,
      without notice or presentment or other demand, and the Lender thereupon
      may exercise and enforce all rights and remedies available to it to
      collect the Indebtedness;

            

    

     

    
      	
            	
              12.2.

            	
              Selective
      Enforcement.  In the event the Lender elects to
      selectively and successively enforce the Lender’s rights under any one or
      more of the instruments securing payment of the Amended and Restated Note,
      such action will not be deemed a waiver or discharge of any other lien or
      encumbrance securing payment of the Amended and Restated Note until such
      time as the Lender has been paid in full all sums advanced by the
      Lender;

            

    

     

    
      	
            	
              12.3.

            	
              Waiver of Event of
      Default.  The Lender may, by an instrument in writing
      signed by the Lender, waive any event of Default that has occurred and any
      of the consequences of such event of Default; and in such event, the
      Lender, Borrower will be restored to their respective former positions,
      rights under the Restructure Documents.  Any event of Default so
      waived will, for all purposes of this Agreement, be deemed to have been
      cured and not to be continuing, but no such waiver will extend to any
      subsequent or other event of Default or impair any consequence of such
      subsequent or other event of Default.  The rights and remedies
      of the Lender shall be cumulative and the exercise or enforcement of any
      one right or remedy shall neither be a condition to nor bar the exercise
      and enforcement of any other;

            

    

     

    
      	
            	
              12.4.

            	
              Performance by
      Lender.  In the event Borrower fails to cure any Default
      in the time provided by the Lender, the Lender will at any time thereafter
      have the right (but not the obligation) to pay any claim or lien (whether
      prior or subordinate to liens held by the Lender) affecting the Collateral
      and to take possession of the Collateral in such manner as the Lender
      determines.  Each Borrower hereby authorizes the Lender to
      increase the indebtedness owing by Borrower to the Lender by the cost of
      satisfying claims against the Collateral and the cost of repossession of
      the Collateral and agree that the Restructure Documents will evidence and
      secure payment of such costs whether or not the total funds advanced
      exceed the face amount of the Restructure
  Documents;

            

    

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

       

    

    
      	
            	
              12.5.

            	
              Cumulative
      Remedies.  No failure on the part of the Lender to
      exercise and no delay in exercising any right hereunder will operate as a
      waiver thereof, nor will any single or partial exercise by the Lender of
      any right hereunder preclude any other or further right of exercise
      thereof or the exercise of any other right.  The remedies herein
      provided are cumulative and not alternative;
and

            

    

     

    
      	
            	
              12.6.

            	
              Setoff.  Regardless
      of the adequacy of any other Collateral held by the Lender, any deposits
      or other sums credited by or due from the Lender to any Borrower will at
      all times constitute collateral security for all of the indebtedness of
      Borrower and may be set off against any and all liabili­ties, direct
      or indirect, absolute or contingent, due or to become due, now existing or
      hereafter arising, of Borrower to the Lender.  The rights
      granted by this paragraph will be in addition to the rights of the Lender
      under any statutory lien.

            

    

     

    13.           MISCELLANEOUS.  It
is further agreed as follows:

     

    
      	
            	
              13.1.

            	
              Recitals.  The
      recitals are hereby acknowledged by the parties to be true and correct and
      are adopted and incorporated herein as material terms of this
      Agreement.

            

    

     

    
      	
            	
              13.2.

            	
              Hold
      Harmless.  Each party hereby agrees to indemnify and hold
      any other party to this Agreement harmless from all liability, loss,
      damage or expense, including reasonable attorney’s fees, whether incurred
      under retainer, salary or otherwise, that such party may incur in good
      faith in compliance with or the enforcement of the terms of this Agreement
      or any of the Restructure
Documents.

            

    

     

    
      	
            	
              13.3.

            	
              Supersession.  It
      is agreed and understood between Borrower and the Lender
      that:  (a) except to the extent the Prior Loan Documents are
      amended hereby, at and after the Closing, the Prior Loans will remain in
      full force and effect; and (b) the execution of this Agreement will not
      discharge, interrupt, impair, abate or otherwise modify the priority or
      the validity of any lien or security interest securing payment of the
      indebtedness evidenced by the Prior Loan
  Documents.

            

    

     

    
      	
            	
              13.4.

            	
              Notices.  All
      notices, requests and demands will be served by first class or express
      mail, postage prepaid, or sent by telex, telegram, telecopy or other
      similar form of rapid transmission confirmed by mailing written
      confirmation at substantially the same time as such rapid transmission, as
      follows:

            

    

     

    

    Borrower-

    Grok Software, Inc.

    Future Now Group, Inc.

    Future Now, Inc.

    Intellectual Property Licensing Group,
Inc.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

       

    

    Elemental Business, Inc.

    Future Now Consulting,
Inc.

    80 Mountain Laurel Road

    Fairfield,
CT 06824

    Attn:
William Schloth

    
      	
               
      

            	
              Fax:

            	
              (203)
      659-1690

            

    

    

    With a
copy to-

    

    
      	
            	
              TheLender    
      - 

            	
              Professional
      Offshore Opportunity Fund, Ltd

            

    

    1400 Old
Country Road, Suite 206

    Westbury,
NY 11590

    Attn:  Howard
Berger

    Fax:
(516) 228-8083

    
      

      
        	
              	
                With
      a copy to -

              	
                Marc
      A. Indeglia

              

      

    

    Indeglia
& Carney, P.C.

    1900 Main
Street, Suite 300

    Irvine,
CA 92614

    Fax:  (949)
861-3324

    

    or at
such other address as any party designates for such purpose in a written notice
to the other parties.  Notices will be deemed to have been given on
the date notice is sent by rapid transmission or three business days after
notice is placed in the mail, properly addressed, postage prepaid.

    

    
      	
            	
              13.5.

            	
              Construction.  Nothing
      contained in this Agreement will be construed to constitute the Lender as
      a joint venturer with any Borrower or to constitute a
      partner­ship.  The descriptive headings of the paragraphs of
      this Agree­ment are for convenience only and are not to be used in the
      construction of the content of this Agreement.  This Agreement
      may be executed in multiple counter­parts, each of which will be an
      original instrument, but all of which will constitute one
      agreement.

            

    

     

    
      	
            	
              13.6.

            	
              Venue.  This
      Agreement and the documents issued hereunder are executed and delivered as
      an incident to a lending transaction negotiated and to be performed in New
      York, New York.  The Restructure Documents are intended to
      constitute a contract made under the laws of the State of New York and to
      be construed in accordance with the internal laws of said
      state.  Borrower and Lender hereby waive all objections and
      consent to the jurisdiction and venue of any state or federal court
      sitting in New York, New York.

            

    

     

    
      	
            	
              13.7.

            	
              Severability.  In
      case any one or more of the provi­sions contained in the Restructure
      Documents should be invalid, illegal or unenforceable in any respect in
      any jurisdiction, the validity, legality and enforceability of such
      provision or provisions will not in any way be affected or impaired
      thereby in any other jurisdiction; and the validity, legality and
      enforceability of the remaining provisions contained herein and therein
      will not in any way be affected or impaired
  thereby.

            

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

       

    

    
      	
            	
              13.8.

            	
              No Oral
      Modification.  This Agreement may not be amended,
      altered, modified or changed verbally, but only by an agreement in writing
      signed by the party against whom enforcement of any amendment, waiver,
      change, modifica­tion or discharge is
  sought.

            

    

     

    
      	
            	
              13.9.

            	
              Extension of Loan
      Term.  It is understood that the Lender is under no
      obligation to extend the term of this Agreement beyond the maturity of any
      of the notes and that any such extension will be made at the Lender’s sole
      discretion.  Any such extension will be evidenced by the
      acceptance by the Lender of a promissory note renewing and extending the
      time of payment of any of the notes on terms acceptable to the
      Lender.

            

    

     

    
      	
            	
              13.10.

            	
              Exclusive
      Benefit.  All provisions of the Restructure Documents are
      for the sole and exclusive benefit of the Lender, and Borrower and no
      other person will have standing to require satisfaction of the provisions
      thereof or be entitled to assume that advances thereunder will not be made
      by the Lender in the absence of strict compliance with the provisions of
      the Restructure Documents.  Any and all provisions of the
      Restructure Documents may be waived by the Lender in whole or in part at
      any time if, in the sole discretion of the Lender, it is advisable to do
      so.

            

    

     

    
      	
            	
              13.11.

            	
              Binding
      Effect.  This Agreement will be binding on each Borrower
      and their successors and permitted assigns and will inure to the benefit
      of the Lender and the Lender’s successors and
  assigns.

            

    

     

    
      	
            	
              13.12.

            	
              Counterparts.  This
      Agreement may be executed in multiple counterparts, each of which will be
      an orig­inal instrument, but all of which will constitute one
      agreement.  The parties to this Agreement may rely upon
      original, fax, digital or scanned signatures in the execution of this
      Agreement.

            

    

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    

    IN
WITNESS WHEREOF, GROK, FUTR, FNI, IPLG, EBI, FNC  and the Lender have
duly executed this Agreement effective the date first above
written.

     

    
      	 	

              BORROWER:

              

              GROK
      SOFTWARE, INC.

              

              By: _____________________________

              Name: ___________________________

              Title:
      ____________________________

              

              

              FUTURE
      NOW GROUP, INC.

              

              

                By: _____________________________

                Name: ___________________________

                Title:
      ____________________________

              FUTURE
      NOW, INC.

              

              

                By: _____________________________

                Name: ___________________________

                Title:
      ____________________________

              INTELLECTUAL
      PROPERTY LICENSING GROUP, INC.

              

              

                By: _____________________________

                Name: ___________________________

                Title:
      ____________________________

              ELEMENTAL
      BUSINESS, INC.

              

              

                By: _____________________________

                Name: ___________________________

                Title:
      ____________________________

              FUTURE
      NOW CONSULTING, INC.

               

                By: _____________________________

                Name: ___________________________

                Title:
      ____________________________

              

            

    

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

       

      
        	 	

                LENDER:

                

                PROFESSIONAL  OFFSHORE
      OPPORTUNITY FUND, LTD

                 

                
                  By: _____________________________

                  Name: ___________________________

                  Title:
      ____________________________

                

              

      

       

    

    
      
        
        

      

      
        19Unassociated Document

    THIS
SECURED CONVERTIBLE DEBENTURE AND THE. SECURITIES INTO WHICH THIS DEBENTURE IS
CONVERTIBLE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR ANY STATE SECURITIES LAWS AND THIS SECURED CONVERTIBLE DEBENTURE,
THE SECURITIES AND ANY INTEREST THEREIN MAY NOT BE OFFERED, SOLD, TRANSFERRED,
PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER SUCH ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER
SUCH ACT AND SUCH LAWS, WHICH, TN THE OPINION OF COUNSEL FOR THE LENDER, WHICH
COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO COUNSEL FOR THIS CORPORATION,
IS AVAILABLE.

    

     

    THIS NOTE
IS AN AMENDMENT, MODIFICATION AND RESTATEMENT OF THAT CERTAIN 11% SENIOR SECURED
CONVERTIBLE MADE BY FUTR (AS DEFINED BELOW) IN FAVOR OF LENDER (THE “ORIGINAL
NOTE”) WHICH ORIGINAL NOTE IS NOT BEING REPAID OR REFINANCED BY VIRTURE OF THE
ISSUANCE AND ACCEPTANCE OF THIS INSTRUMENT. IT IS THE INTENT OF BORROWER AND
HOLDER THAT THE [INDEBTEDNESS] OF THIS INSTRUMENT SHALL BE A CONTINUANCE OF THE
[INDEBTEDNESS OF THE ORIGINAL NOTE.

    

    

    

    AMENDED
AND RESTATED SECURED CONVERTIBLE DEBENTURE

    

     

    
      	$1,800,000	June __,
    2010
	 	 
	Original Investment
      Date (determined pursuant to Rule 144(d)(3)(ii)):	October 30,
      2007

    

     

    FOR VALUE RECEIVED, the undersigned,
GROK SOFTWARE, INC., a
Delaware corporation, (“GROK”), FUTURE NOW GROUP, INC., a
Nevada corporation (“FUTR”), FUTURE
NOW, INC., a Delaware corporation (“FNI”), INTELLECTUAL
PROPERTY LICENSING GROUP, INC., a Delaware corporation ("IPLG"), ELEMENTAL
BUSINESS, INC., a Utah corporation (“EBI”), FUTURE NOW CONSULTING, INC., a
Delaware corporation (“FNC” and together with GROK,
FUTR, FNI, IPLG and EBI, individually and collectively, jointly and severally,
the “Borrower”) with
offices at 80 Mountain Laurel Road, Fairfield, CT 06824, hereby unconditionally
promises to pay to the order of PROFESSIONAL OFFSHORE OPPORTUNITY FUND,
LTD., its endorsees, successors and assigns (the “Lender”), in lawful Money of
the United States, at 1400 Old Country Road, Suite 206, Westbury, New York
11590, or such other address as the Lender may from time to time designate, the
principal sum of One Million Eight Hundred Thousand Dollars ($1,800,000) (the
“Loan”). This Debenture
shall mature and become due and payable in full on March 31, 2014 (the “Maturity Date”).

     

    1.           Terms of
Repayment. Principal of and
interest on this Debenture shall be paid by the Borrower as
follows:

     

    (a)          Interest
at the rate of fifteen percent (l5%) per annum from the date hereof through the
Maturity Date shall be paid in full at the Maturity Date.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

       

    

    (b)           Principal
shall be due and payable as follows:

     

    (i)           In
addition to any prepayment required as a result of an Event of Default
hereunder, the Loan shall be subject to mandatory prepayment as
follows:

     

    (A)           the
outstanding principal amount of the Loan shall be immediately prepaid by an
amount equal to 100% of all Net Cash Proceeds (as defined in Section
17)

     

    (B)           beginning
December 31, 2010, the outstanding principal amount of the Loan shall be
immediately prepaid by an amount equal to the Excess Cash Flow (as defined in
Section 17), within forty-five (45) days after the end of such fiscal
quarter.  Amounts prepaid hereunder shall be applied first to the
outstanding principal amount of the Loan;

     

    (ii)           any
and all remaining outstanding principal (and accrued interest) shall be paid in
full on the Maturity Date

    

    (c)           The
Borrower further agrees that, if any payment made by the Borrower or any other
person is applied to this Debenture and is at any time annulled, set aside,
rescinded, invalidated, declared to be fraudulent or preferential or otherwise
required to be refunded or repaid, or the proceeds of any property hereafter
pledged as security for this Debenture is required to be returned by Lender to
the Borrower, its estate, trustee, receiver or any other party, including,
without limitation, under any bankruptcy law, state or federal law, common law
or equitable cause, then, to the extent of such payment or repayment; the
Borrower’s liability hereunder (and any lien, security interest or other
collateral securing such liability) shall be and remain in full force and
effect, as fully as if such payment had never been made, or, if prior thereto
any such lien, security interest or other collateral hereunder securing the
Borrower’s liability hereunder shall have been released or terminated by virtue
of such cancellation or surrender, this Debenture (and such lien, security
interest or other collateral) shall be reinstated in full force and effect, and
such prior cancellation or surrender shall not diminish, release, discharge,
impair or otherwise affect, the obligations of the Borrower in respect to the
amount of such payment (or any lien, security interest or other collateral
securing such obligation).

    

    (d)           All
computations of interest shall be made by Lender on the basis of a year of 360
days for the actual number of days (including the first day but excluding the
last day) occurring in the period for which such interest is
payable.  Whenever any payment to be made hereunder shall be stated to
be due on a day which is not a business day, such payment shall be made on the
next succeeding day and such extension of time shall in such case be included in
the computation of payment of interest.

    

    2.           Conversion.

     

    (a)           The
Lender shall have the option, at any time on or before the Maturity Date, to
convert the outstanding principal of this Debenture into fully-paid and
nonassessable shares of FUTR’s common stock (“Common Stock”) at the rate per
share equal to the Conversion Price (the “Conversion
Rate”).  As used herein, the following terms have the following
meanings:

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    (i)           The
Conversion Price means 70% of the average of the three lowest closing prices of
the Common Stock during the twenty-day trading period immediately prior to a
notice of conversion,

     

    To
exercise any conversion, the holder of this Debenture surrender the Debenture to
the Borrower during usual business hours at the offices of the Borrower,
accompanied, by a written notice in the form attached hereto as Exhibit A,
Notice of Conversion, and made a part hereof.

     

    (b)           As
promptly as practicable after the surrender of this Debenture by the Lender, the
Borrower shall deliver or cause to be delivered to the Lender, certificates for
the full number of Shares issuable upon conversion of this Debenture, in
accordance with the provisions hereof, together with a duly executed new
Debenture of the Borrower in the form of this Debenture for any principal amount
not so converted. Such conversion shall be deemed to have been made at the time
that this Debenture was surrendered for conversion and the notice specified
herein shall have been received by the Borrower.

     

    (c)           The
number of shares issuable upon conversion of this Debenture or repayment by the
Borrower in shares shall be proportionately adjusted if the Borrower shall
declare a dividend of capital stock on its capital stock, or subdivide its
outstanding capital stock into a larger number of shares by reclassification,
stock split or otherwise, which adjustment shall be made effective immediately
after the record date in the case of a dividend, and immediately after the
effective date in the case of a subdivision. The number of shares issuable upon
conversion of this Debenture or any part thereof shall be proportionately
adjusted in the amount of securities for which the shares have been changed or
exchanged in another transaction for other stock or securities, cash and/or any
other property pursuant to a merger, consolidation or other combination. The
Borrower shall promptly provide the holder of this Debenture with notice of any
events mandating an adjustment to the conversion ratio, or for any planned
merger, consolidation, share exchange or sale of the Borrower, signed by the
President and Chief Executive Officer of Borrower.

     

    (d)           Percentage
Cap.  Notwithstanding the provisions of this Debenture, in no
event (except (i) as specifically provided in the Debenture as an exception to
this provision, (ii) during the forty-five (45) day period prior to the Maturity
Date, or (iii) while there is
outstanding a tender offer for any or all of tire Shares of the Borrower’s
Common Stock) shall the Lender be entitled to .convert this Debenture, or the
Borrower have the obligation or option to issue shares upon such conversion or
in lieu of :cash
payments hereunder, to the extent that, after such conversion or issuance the
sum of (1) the number of shares of Common Stock beneficially owned by the Lender
and its affiliates; and (2) the number of shares of Common Stock issuable upon
the conversion of the Debenture with respect to which the determination of the
proviso is being made, would result in beneficial ownership by the Lender and
its affiliates of more than 4.99% (the ‘Percentage Cap”) of the
outstanding shares of Common Stock (after taking into account the shares to be
issued to the Lender upon such conversion). For purposes of the proviso to the
immediately preceding sentence, beneficial ownership shall be determined in
accordance with Section 12(d) of the Securities Exchange Act of 1934, as
amended.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    3.           Liability
of the Borrower.  The Borrower is unconditionally, and without
regard to the liability of any other person, liable for the payment and
performance of this Debenture and such liability shall not be affected by an
extension of time, renewal, waiver, or modification of this Debenture or the
release, substitution, or addition of collateral for this Debenture. Each person
signing this Debenture consents to any and all extensions of time, renewals,
waivers, or modifications, as well as to release, substitution, or addition of
guarantors or collateral security, without affecting, the Borrower’s liabilities
hereunder.. Lender
is entitled to the benefits of any collateral agreement, guarantee, security
agreement, assignment, or any other documents which may be related to or are
applicable to the debt evidenced by this Debenture, all of which are
collectively refereed to as “Loan Documents” as they now exist, may exist in the
future, have existed, and as they may be amended, modified, renewed, or
substituted.

     

    4.           Representations
and Warranties.  The Borrower represents and warrants as
follows:  (i) each Borrower is a corporation duly organized, validly
existing and in good standing under the laws of its incorporation; (ii) the
execution, delivery and performance by each Borrower of this Debenture are
within the Borrower’s powers, have been duly authorized by all necessary action,
and do not contravene (A) such Borrower’s certificate of incorporation or bylaws
or (B) (x) any law or (y) any agreement or document binding on or affecting such
Borrower, (iii) no authorization or approval or other action by, and no notice
to or filing with any governmental authority, regulatory body or third person is
required for the due execution, delivery and performance by such Borrower of
this Debenture; (iv) this Debenture constitutes the legal, valid and binding
obligation of each Borrower, enforceable against such Borrower in accordance
with its terms except as enforcement hereof may be limited by bankruptcy,
insolvency or other similar laws affecting the enforcement of creditors’ rights
generally and subject to the applicability of. general principles of equity; (v)
each Borrower has all requisite power and authority to own and operate its
property and assets and to conduct its business as now conducted and proposed to
be conducted and to consummate the transactions contemplated hereby; (vi) the
Borrower is duly qualified to conduct its business and is in good standing in
all jurisdiction in which the character of the properties owned or leased by it,
or in which the transaction of its business makes such qualification necessary;
(vi) there is no pending or, to any Borrower’s knowledge, threatened action or
proceeding affecting a any Borrower before any governmental agency or arbitrator
which challenges or relates to this Debenture or which may otherwise have a
material adverse effect on the Borrower; (viii) after giving effect to the
transactions contemplated by this Debenture, each Borrower is Solvent; (ix) no
Borrower is in violation or default of any provision of (A) its certificate of
incorporation or by-laws, each as currently in effect, or (B) any instrument,
judgment, order, writ, decree or contract, statute, rule or regulation to which
the Borrower is subject, and (x) this Debenture is validly issued, free of any
taxes, hens, and encumbrances related to the issuance hereof and is not subject
to preemptive right or other similar right of members of each Borrower, and (xi)
the Borrower has taken all required action to reserve for issuance. such number
of shares of Common Stock as may be issuable from time to time upon conversion
of this Debenture.

     

    5.           Covenants.  So
long as any principal or interest is due hereunder and shall remain unpaid, each
Borrower will, unless the Lender shall otherwise consent in
writing:

     

    
      	
               
      

            	
              (a)

            	
              Maintain
      and preserve its existence, rights and
  privileges;

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    (b)           Other
than a proposed sales and marketing credit facility of up to $700,000 on
substantially the terms attached hereto as Exhibit B, the
Company will not incur any other indebtedness unless such indebtedness is
subordinated to the prior payment in full of this Debenture on terms reasonably
satisfactory to the Lender:

     

    (c)           Not
(i) directly or indirectly sell lease or otherwise dispose of (A) any of its
property or assets other than in its ordinary course of business or (B)
substantially all of its proper ties and assets, in the aggregate, to any
person(s), whether in one transaction or in a series of transactions over any
period of time, (ii) merge into or with or consolidate with any other person or
(iii) adopt any plan or arrangement for the dissolution or liquidation of the
Borrower;

     

    (d)           Give
written notice to Lender upon the occurrence of an Event of Default (as defined
below) or any event but for the giving of notice or lapse of time, or both,
would constitute an Event of Default within five (5) Business Days of such
event;

     

    (e)           Not
use the proceeds from the issuance of this Debenture in any way for any purpose
that entails a violation of, or is inconsistent with, Regulation U of the Board
of Governors of the Federal Reserve System of the United States of
America.

     

    (f)           Comply
in all material respects with all applicable laws (whether federal, state, or
local and whether statutory, administrative or judicial or other) and with every
applicable lawful governmental order (whether administrative or
judicial).

     

    
      	
               
      

            	
              (g)

            	
              Not
      redeem or repurchase capital stock of any
  Borrower;

            

    

     

    
      	
               
      

            	
              (h)

            	
              Not
      make any advance or loan to any person, firm or corporation, except for
      reasonable travel or: business expenses advanced to the Company’s
      employees or independent contractors in the ordinary course of business
      and approved by the Board of
Directors;

            

    

     

    
      	
               
      

            	
              (i)

            	
              Not
      acquire all or substantially all of the assets of another
      entity;

            

    

     

    (j)           Not
pay any officer or consultant a fixed salary in excess of
$125,000/year;

     

    (k)           Not
allocate more than 25% of total revenue to sales and marketing costs in the
calculation of Adjusted Earnings for repayment of the Debenture;

     

    (l)           
Not pay annual bonuses which, collectively exceed (A) 10% of Adjusted Earnings
for the year ended December 31, 2010; (B) 12.5% of Adjusted Earnings for the
year ended December 31, 2011 and (C) 15% of Adjusted Earnings for the year ended
December 31, 2012 or any year thereafter;

     

    (m)           Not
prepay any indebtedness, except for trade payables incurred in the ordinary
course of the Borrower’s business;

     

    (n)           Not
declare, pay or set apart for payment any dividend or other distribution with
respect to any shares of capital stock of any Borrower;

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

    (o)           Not
take any action which would impair the rights and privileges of this Debenture
set forth herein or the rights and privileges of the holder of this Debenture;
and

     

    (p)           Deliver
to the Lender quarterly financial statements within thirty (30) days after the
end of each quarter in form, scope and substance satisfactory to the Lender and
annual audited financial statements (with respect to within ninety (90) days
after the end of each fiscal year.

     

    6.           Events of
Default. Each and any of the following shall constitute a default and,
after expiration of a grace period, if any, shall constitute an “Event of
Default” hereunder:

     

    (a)           the
nonpayment of principal, late charges or any other costs or expenses promptly
when due of any amount payable under this Debenture or the nonpayment by the
Borrower of any other obligation to the Lender.

     

    (b)           an
Event of Default under this Debenture (other than a payment default described
above), [or any other failure of the Borrower to observe or perform any present
or future agreement of any nature whatsoever with Lender], including, without
limitation, any covenant set forth in this Debenture;

     

    (c)           if
Borrower shall commence any case, proceeding or other action: (i) under any
existing or future law of any jurisdiction, domestic or foreign, relating to
bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an
order for relief entered with respect to it, or seeking to adjudicate it
bankrupt or insolvent, or seeking reorganization, arrangement, adjustment,
liquidation, dissolution, composition or other relief with respect to it or its
debts; or (ii) seeking appointment of a receiver, trustee, custodian or other
similar official for it or for all or any substantial part of its property, or
the Borrower shall make a general assignment for the benefit of its creditors;
or (iii) there shall be commenced against the Borrower any case, proceeding or
other action of a nature referred to above or seeking issuance of a warrant of
attachment, execution, distraint or similar process against all or any
substantial part of its property, which case, proceeding or other action results
in the entry of any order for relief or remains undismissed, undischarged or
unbonded for a period of sixty (60) days; or (iii) the Borrower shall take any
action indicating its consent to, approval of or acquiescence in, or in
furtherance of any of the acts set forth; or (iv) the Borrower shall generally
not or shall be unable to, pay its debts as they become due or shall admit in
writing its inability to pay its debts

     

    (d)           any
representation or warranty made by the Borrower or any other person or entity
under this Debenture or under any other Loan Documents shall prove to have been
incorrect in any material respect when made; or

     

    (e)           an
event of default or default shall occur and be continuing under any other
material agreement, document or instrument binding upon the Borrower including,
without limitation, any instrument for borrowed money in excess of filly
thousand dollars ($50,000) (whether or not any such event of default or default
is waived by the holder thereof) and including, without limitation, under any
other Transaction Document (as defined in the Agreement);

     

    (f)           the
entry of any judgment against Borrower or any of its property for an amount in
excess of fifty thousand dollars ($50,000) that remains unsatisfied for thirty
(30) days;

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

       

    

    (g)           any
material adverse change in the condition or affairs (financial or otherwise) of
the Borrower shall occur which; in fire sole opinion of the Lender, increases
its risk with respect to loans evidenced by this Debenture;

     

    (h)           the
sale of all of substantially all of the assets, or change in ownership or the
dissolution, liquidation, merger, consolidation, or reorganization of Borrower
without the Lender’s written consent.

     

    7.           Secured
Obligation. The obligations under this Note are secured pursuant to the
Security Agreements (as defined in Section 17).

     

    8.           Lender’s
Rights Upon Default.  Upon the occurrence of any Event of
Default, the Lender may, at its sole and exclusive option, do any or all of the
following, either concurrently or separately; (a) accelerate the maturity of
this Debenture and demand immediate payment in full, whereupon the outstanding
principal amount of the Debenture and all obligations of Borrower to Lender,
together with accrued interest thereon and accrued charges and costs; shall
become immediately due and payable without presentment, demand, protest or
further notice of any kind, all of which are hereby expressly waived; and (b)
exercise all legally available rights and privileges.

     

    9.           Default
Interest Rate.  Upon an Event of Default, without any further
action on the part of Lender, interest will thereafter accrue at the rate of
eighteen percent (18%) per annum (the “Default Rate”), until all
outstanding principal, interest and fees are repaid in full by
Borrower.

     

    10.           Usury.  In
no event shall the amount of interest paid or agreed to be paid hereunder exceed
the highest lawful rate permissible under applicable law. Any excess amount of
deemed interest shall be null and void and shall not interfere with or affect
the Borrower’s obligation to repay the principal of and interest on the
Debenture. This confirms that the Borrower and by its acceptance of this
Debenture, the Lender intend to contract in strict compliance with applicable
usury laws from time to time in effect. Accordingly, the Borrower and the Lender
stipulate and agree that none of the terms and provisions contained herein shall
ever be construed to create a contract to pay, for the use or forbearance of
money, interest in excess of the maximum amount of interest permitted to be
charged by applicable law from time to time in effect.

     

    11.           No
Prepayment.  This Debenture may not be prepaid in whole or in
part, at any time, without the prior written consent of the Lender except
pursuant to the provisions of Section 1(e).

     

    12.           Costs of
Enforcement.  Borrower hereby covenants and agrees to
indemnify, defend and hold Lender harmless from and against all costs and
expenses, including reasonable attorneys’ fees and their costs, together with
interest thereon at the Prime Rate, incurred by Lender in enforcing its rights
under this Debenture; or if Lender is made a party as a defendant in any action
or proceeding arising out of or in connection with its status as a lender, or if
Lender is requested to respond to any subpoena or other legal process issued in
connection with this Debenture; or reasonable disbursements arising out of any
costs and expenses, including reasonable attorneys’ fees and their costs
incurred in any bankruptcy case: or for any legal or appraisal reviews, advice
or counsel performed for Lender following a request by Borrower for waiver,
modification or amendment of this Debenture or any of the other Loan
Documents.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

    

    13.           Governing
Law.  This Debenture shall be binding upon and inure to the
benefit of the Borrower and the. Lender and then respective successors and
assigns; provided that the Borrower may not assign this Debenture, in whole or
in part, by operation of law or otherwise, without the prior written consent of
the Lender. The Lender may assign or otherwise participate out all or part of,
or any interest in, its rights and benefits hereunder and to the extent of such
assignment or participation such assignee shall have the same, rights and
benefits against the Borrower as it would have had if it were the Lender. This
Debenture, and any claims arising out of relating to this Debenture, whether in
contract or, tort, statutory or common law, shall be governed exclusively by,
and construed in accordance with the laws of the State of New York without
regard to principles of conflicts of laws.

     

    14.           Jurisdiction.  THE
BORROWER CONSENTS THAT ANY LEGAL ACTION OR PROCEEDING AGAINST IT. UNDER, ARISING
OUT OF OR IN ANY MANNER RELATING TO THIS DEBENTURE, OR ANY OTHER INSTRUMENT OR
DOCUMENT EXECUTED AND DELIVERED IN CONNECTION HEREWITH SHALL BE BROUGHT
EXCLUSIVELY IN ANY COURT OF THE STATE OF NEW YORK OR IN THE UNITED STATES
DISTRICT COURT FOR THE EASTERN DISTRICT OF NEW YORK, IN EACH CASE, IN THE COUNTY
OF NASSAU. THE BORROWER, BY THE EXECUTION AND DELIVERY OF THIS DEBENTURE,
EXPRESSLY AND IRREVOCABLY CONSENTS AND SUBMITS TO THE PERSONAL JURISDICTION OF
ANY OF SUCH COURTS IN ANY SUCH ACTION OR PROCEEDINGS. THE BORROWER AGREES THAT
PERSONAL JURISDICTION OVER IT MAY BE OBTAINED BY THE DELIVERY OF A SUMMONS BY
PERSONAL DELIVERY OR OVERNIGHT COURIER AT THE ADDRESS PROVIDED IN SECTION 15 OF
THIS DEBENTURE.  ASSUMING DELIVERY OF THE SUMMONS IN ACCORDANCE WITH
THIS PROVISION, THE BORROWER HEREBY EXPRESSLY AND IRREVOCABLY WAIVES ANY ALLEGED
LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OF FORUM NON CONVENIENS OR ANY
SIMILAR BASIS.

     

    15.           Miscellaneous.  (a)
Borrower hereby waives protest, notice of protest, presentment, dishonor, and
demand.  (b) Time is of the essence for each of Borrower’s covenants
under this Debenture.  (c) The rights and privileges of Lender under
this Debenture shall inure to the benefit of its successors and assigns. All
obligations of Borrower in connection with this Debenture shall bind Borrower’s
successors and assigns, and Lender’s conversion rights shall succeed to any
successor securities to Borrower’s common stock.  (d) If any provision
of this Debenture shall for any reason be held to be invalid or unenforceable,
such invalidity or unenforceability shall not affect any other provision hereof
but this Debenture shall be construed as if such invalid or unenforceable
provision had never been contained herein.  (e) The waiver of any
Event of Default or the failure of Lender to exercise any right or remedy to
which it may be entitled shall not be deemed a waiver of any subsequent Event of
Default or Lender’s right to exercise that or any other right or remedy to which
Lender is entitled. No delay or omission by Lender in exercising, or failure by
Lender to exercise on any one or more occasions, shall be construed as a waiver
or novation of this Debenture or prevent the subsequent exercise of any or all
such rights.  (f) This Debenture may not be waived, changed, modified,
or discharged orally, but only in writing.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

       

    

    16.           Notice,
Etc. Any notice required by the provisions of this Debenture will be in
writing and will be deemed effectively given: (a) upon personal delivery to the
party to be notified; (b) when sent by confirmed telex or facsimile if sent
during normal business hours of the recipient; if not, then on the next business
day; (e) five (5) days after having been sent by registered or certified mail
return receipt requested, postage prepaid; or (d) one (1) day after deposit with
a nationally recognized overnight courier, specifying next day delivery, with
written verification of receipt, and delivered as follows:

     

    If to the
Borrower:

     

    Grok
Software, Inc.

    Future
Now Group, Inc.

    Future
Now, Inc.

    Intellectual Property Licensing Group,
Inc.

    Elemental Business, Inc.

    Future Now Consulting,
Inc.

    80
Mountain Laurel Road

    Fairfield, CT 06824

    Attention:  William
E. Schloth, CFO

    Facsimile
Numbers: 203-659-1690

    

    If to
Lender:

    

    Professional
Offshore Opportunity Fund, Ltd.

    1400 Old
Country Road, Suite 206

    Westbury,
New York 11590

    Attention:
Howard Berger

    Facsimile
Number: (516) 228-8270

    

    or, as to
each party, at such other address as shall be designated by such party in a
written notice to the other parties

    

    17.           Definitions.  For
the purposes hereof,, the following terms shall have the following
meanings:

     

    “Adjusted Earnings”
means, for any period, with respect to the Borrower and their Subsidiaries on a
consolidated basis (i) net income (as that term is determined in accordance
with GAAP) for such period, plus (ii) the
amount of depreciation and amortization of fixed and intangible assets deducted
in determining such net income for such period, plus (iii) all
interest expense and all fees for the use of money or the availability of money,
including commitment, facility and like fees and charges upon indebtedness
(including indebtedness to the Lender) paid or payable during such period, plus (iv) all
tax liabilities paid or accrued during such period, less (v) the
amount of all gains (or plus the amount of
all losses) realized during such period upon the sale or other disposition of
property or assets that are sold or otherwise disposed of outside the ordinary
course of business.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

       

    

    “Agreement” shall mean
that certain Agreement dated the date hereof among the Borrower and the
Lender.

     

    “Change of Control
Transaction” shall mean the occurrence of any of (i) an acquisition after
the date hereof by an individual or legal entity or “group” (as described in
Rule 13d-5(b)(1) promulgated under the Securities Exchange Act of 1934) of in
excess of 33% of the voting securities of a Borrower, (ii) a replacement of more
than one-half of the members of a Borrower’s board of directors which is not
approved by those individuals who are members of the board of directors on the
date hereof in one or a series of related transactions, (iii) the merger of any
Borrower with or into another entity, the direct or indirect consolidation or
sale of all or substantially all of the assets of any Borrower in one or a
series of related transactions, unless following such transaction, the holders
of such Borrower’s securities continue to hold at least 66% of such securities
following such transaction, or (iv) the execution by any Borrower of an
agreement to which any Borrower is a party or by which it is bound, providing
for any of the events set forth above in (i), (ii) or (iii).

     

     “Excess Cash Flow”
means (without duplication), with respect to the Borrower and their subsidiaries
for any fiscal period, the difference of (A) $750,000 and (B) Adjusted Earnings
for such period.

     

    “Fair Market Value” on
a date shall be the average of the daily closing prices for the five (5)
consecutive trading clays before such date excluding any trades which are not
bona fide arm’s length transactions. The closing price for each day shall be (a)
if such security is listed or admitted for trading on any national securities
exchange, the last sale price of such security, regular way, or the mean of the
closing bid and asked prices thereof if no such sale occurred, in each case as
officially reported on the principal securities exchange on which such security
arc listed, or (b) if quoted on NASDAQ or any similar system of automated
dissemination of quotations of securities prices then in common use the mean
between the closing high bid and low asked quotations of such security in the
over-the-counter market as shown by NASDAQ or such similar system of automated
dissemination of quotations of securities prices, as reported by any member firm
of the New York Stock Exchange selected by the Lender, (c) if not quoted as
described in clause (b), the mean between the high bid and low asked quotations
for the shares as reported by NASDAQ or any similar successor organization, as
reported by any member firm of the New York Stack Exchange selected by the
Lender. If such security is quoted on a national securities or central market
system in lieu of a market or quotation system described above, the closing
price shall be determined in the manner set forth in clause (a) of the preceding
sentence if bid and asked quotations are reported but actual transactions are
not and in the manner set forth in, clause (b) of the preceding sentence if
actual transactions arc reported.

    

    “Net Cash Proceeds”
means, the aggregate cash proceeds received by any Borrower in respect of
(i) any sale or issuance of equity securities of such Borrower and
(ii) any sale or other disposition of assets of such
Borrower,  and (iii) any Change of Control Transaction each case net
of (without duplication) (A) the reasonable out-of-pocket expenses incurred
in effecting such issuance, sale or other disposition and (B) any taxes
reasonably attributable to such asset sale and reasonably estimated by such
Borrower to be actually payable.

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

       

    

    “Security Agreements”
means collectively (i) the Amended and Security Agreement, dated as of the date
hereof, between the Borrower and the Lender, as amended modified or supplemented
from time to time in accordance with its terms, and (ii) the Stock Pledge
Agreement, dated as of the date hereof, between the Borrower and the
Lender.

     

    “Solvent” shall mean,
with respect to any person or entity on a particular date that on such date (i)
the fair value of the property of such person or entity is not than the total
amount of the liabilities of such person or entity, (ii) the present fair
salable value of the assets of such person or entity is not less than the amount
required to pay (E) the probable liability on such person’s existing debts as
they become absolute and matured, (iii) such person or entity is able to realize
upon its assets and pay its debts and other liabilities, (iv) such person or
entity does not intend to, and does not believe that it will, incur debts or
liabilities beyond such person or entity’s ability to pay as such debts and
liabilities mature and (v) such person or entity is not engaged in business or a
transaction, and is not about to engage in a business or a transaction, for
which such person’s or entity’s property would constitute unreasonably small
capital.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

       

    

    IN WITNESS WHEREOF, the
undersigned has executed this Convertible Subordinated Debenture as of the date
first set forth above.

    
    

     

    
      	 	

              GROK
      SOFTWARE, INC.

               

              

              By: _______________________________

              Its: _______________________________

              

              FUTURE
      NOW GROUP, INC.

               

              

              

                By: _______________________________

                Its: _______________________________

              FUTURE
      NOW, INC.

               

              

              

                By: _______________________________

                Its: _______________________________

              INTELLECTUAL
      PROPERTY LICENSING GROUP, INC.

               

              

              

                By: _______________________________

                Its: _______________________________

              ELEMENTAL
      BUSINESS, INC.

               

              

              

                By: _______________________________

                Its: _______________________________

              FUTURE
      NOW CONSULTING, INC.

               

              

              

                By: _______________________________

                Its: _______________________________

              

            

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

       

    

    
      	STATE OF
      _______________	)	 
	 	)  ss:	 
	COUNTY OF
      _______________	)	 

    

    

    On this ___h
day of ______________, 2010, before me, personally came _______________, to me
known, who being by me duly sworn, did depose and say that he resides in ______________________________,
that he is the President of _____________________, the corporation described in
and which executed the above instrument; and that he signed his name by
authority of the board of directors of said corporation.

     

    

    
      
        	 	 	 	 
	
                 

              	
              	 	 
	 	 	
                Notary
      Public

              	 

      

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

         

      

    

    EXHIBIT
A

     

    NOTICE
OF CONVERSION

     

    (to be
signed upon conversion of the Debenture)

     

    TO FUTURE
NOW GROUP, INC.:

     

    The undersigned, the holder of the
foregoing Debenture, hereby surrenders such Debenture for conversion into
___________ shares of Common Stock of Future Now Group, Inc., and requests that
the certificates for such shares be issued in the name of, and delivered to,
________________________, whose address is
___________________________________.

     

    

    Date:
________________________

    

     

    
      	 	

              ______________________________

              (signature)

              

              ______________________________

              (address)

            

    

     

    
      
        
        

      

      
        14

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