Document:

EX-10.76

Exhibit 10.76

[Pledge Agreement with Fortress Credit Corp. regarding Gupta Technologies, LLC]

THIS AGREEMENT (this Agreement) is dated August 2, 2005

BETWEEN:

	 	1.	 	WARP TECHNOLOGY HOLDINGS, INC. as pledgor (the Pledgor); and

	 	2.	 	FORTRESS CREDIT CORP., as collateral agent for the Finance Parties party to the Credit
Agreement described below (in this capacity the Collateral Agent).

BACKGROUND:

The Pledgor enters into this Agreement in connection with the Credit Agreement dated August 2,
2005 between Warp Technology Holdings, Inc. as Original Borrower, certain of its Subsidiaries as
Guarantors and Fortress Credit Corp. as Original Lender and Agent (the Credit Agreement).

IT IS AGREED as follows:

	 	1.	 	INTERPRETATION

	 	 	 
	1.1	 	Definitions
	
 
	 	In this Agreement:
	
 
	 	Event of Default means an event specified as such in Clause 9.1 (Events of Default).

Issuer means Gupta Technologies, LLC, a Delaware limited liability company.

Lien means any security interest, lien, mortgage, pledge, encumbrance, charge,
assignment, hypothecation, adverse claim, claim, or restriction on assignment, transfer or
pledge or any other arrangement having the effect of conferring security.

Pledged Collateral means:

	 	(a)	 	the Pledged Interest;

	 	(b)	 	all additional ownership interests in the Issuer or securities issued by the
Issuer, and all warrants, rights, and options to purchase or receive interests in or
securities of the Issuer, in which the Pledgor at any time has or obtains any interest;
and

	 	(c)	 	all dividends, interest, revenues, income, distributions, and proceeds of any
kind, whether cash, instruments, securities, or other property, received by or
distributable to the Pledgor in respect of, or in exchange for, the Pledged Interest or
any other Pledged Collateral.

Pledged Interest means the limited liability company interest of the Pledgor in the
Issuer, which represents a 100% ownership interest in the Issuer.

Relevant States means each of:

	 	(a)	 	the state of the Pledgor’s incorporation or organization, or if the Pledgor is
incorporated or organized under the laws of a jurisdiction outside the United States,
Puerto Rico, the United States Virgin Islands or any territory or possession subject to
the jurisdiction of the United States and does not have its chief executive office or
sole place of business in any state, then the District of Columbia; and

	 	(b)	 	the state where the Pledgor has its chief executive office or sole place of
business.

Secured Liabilities means each liability and obligation specified in Clause 2 (Secured
Liabilities).

Security mean any security interest created by this Agreement.

Security Period means the period beginning on the date of this Agreement and ending on
the date on which all the Secured Liabilities have been indefeasibly, unconditionally and
irrevocably paid and discharged in full. The Security Period will be extended to take into
account any extension or reinstatement of this Agreement under Clause 3.2(b) (General).
Furthermore, if the Collateral Agent considers that an amount paid to it or a Finance Party
under a Finance Document is capable of being avoided or otherwise set aside on the
bankruptcy, liquidation, insolvency or administration of the payer or otherwise then that
amount will not be considered to have been irrevocably paid for the purposes of this
Agreement.

UCC means the Uniform Commercial Code as in effect on the date of this Agreement in the
State of New York.

	 	1.2	 	Construction

	 	(a)	 	Any term defined in the UCC and not defined in this Agreement has the meaning given to that
term in the UCC.

	 	(b)	 	Any term defined in the Credit Agreement and not defined in this Agreement or the UCC has the
meaning given to that term in the Credit Agreement.

	 	(c)	 	No reference to proceeds in this Agreement authorizes any sale, transfer or other disposition
of Collateral by the Pledgor.

	 	(d)	 	In this Agreement, unless the contrary intention appears, a reference to:

	 	(i)	 	an amendment includes a supplement, novation, restatement or re-enactment and
amended will be construed accordingly;

	 	(ii)	 	Clause, a Subclause or a Schedule is a reference to a Clause or Subclause of,
or a Schedule to, this Agreement;

	 	(iii)	 	a law is a reference to that law as amended or re-enacted and to any successor
law;

	 	(iv)	 	an agreement is a reference to that agreement as amended;

	 	(v)	 	fraudulent transfer law means any applicable U.S. Bankruptcy Law or state
fraudulent transfer or conveyance statute, and the related case law;

	 	(vi)	 	law includes any law, statute, regulation, regulatory requirement, rule,
ordinance, ruling, decision, treaty, directive, order, guideline, regulation, policy,
writ, judgment, injunction or request of any court or other governmental,
inter-governmental or supranational body, officer or official, fiscal or monetary
authority, or other ministry or public entity (and their interpretation, administration
and application), whether or not having the force of law; and

(e) In this Agreement:

	 	(i)	 	includes and including are not limiting;

	 	(ii)	 	or is not exclusive; and

	 	(iii)	 	the headings are for convenience only, do not constitute part of this
Agreement and are not to be used in construing it.

(f) The Issuer is not party to, or a beneficiary of, this Agreement. The Issuer is executing and
delivering a separate agreement, set forth in the signature pages to this Agreement, for the
purpose of perfecting the Collateral Agent’s security interest in the Pledged Collateral.

	 	2.	 	SECURED LIABILITIES

	 	 	 
	2.1	 	Secured Liabilities
	
 
	 	Each obligation and liability whether:

	 	(a)	 	present or future, actual, contingent or unliquidated; or

	 	(b)	 	owed jointly or severally (or in any other capacity whatsoever),

of each Obligor to any Finance Party under or in connection with each Finance Document
is a Secured Liability.

	 	 	 
	2.2	 	Specification of Secured Liabilities
	
 
	 	The Secured Liabilities include any liability or obligation for:

	 	(a)	 	repayment of the principal of any Credit;

	 	(b)	 	payment of interest and any other amount payable under the Credit Agreement;

	 	(c)	 	payment and performance of all other obligations and liabilities of any Obligor
under the Finance Documents;

	 	(d)	 	payment of any amount owed under any amendment, modification, renewal,
extension or novation of any of the above obligations; and

	 	(e)	 	payment of an amount which arises after a petition is filed by, or against, the
Pledgor or any other Obligor under the US Bankruptcy Code of 1978 even if the
obligations do not accrue because of the automatic stay under Section 362 of the US
Bankruptcy Code of 1978 or otherwise.

	 	3.	 	CREATION OF PLEDGE AND SECURITY

	 	3.1	 	Security interest

As security for the prompt and complete payment and performance of the Secured
Liabilities when due (whether due because of stated maturity, acceleration, mandatory
prepayment, or otherwise) and to induce the Lenders to make the Loans, the Pledgor pledges
to the Collateral Agent for the benefit of the Finance Parties, and grants to the Collateral
Agent for the benefit of the Finance Parties a continuing security interest in, the Pledged
Collateral.

	 	3.2	 	General

	 	(a)	 	All the Security created under this Agreement:

	 	(i)	 	is continuing security for the irrevocable and indefeasible payment in full of
the Secured Liabilities, regardless of any intermediate payment or discharge in whole
or in part;

	 	(ii)	 	is in addition to, and not in any way prejudiced by, any other security now or
subsequently held by any Finance Party.

	 	(b)	 	If, at any time for any reason (including the bankruptcy, insolvency, receivership,
reorganization, dissolution or liquidation of the Pledgor, the Issuer, or any other Obligor or
the appointment of any receiver, intervenor or conservator of, or agent or similar official
for, the Pledgor, the Issuer, or any other Obligor or any of their respective properties), any
payment received by the Collateral Agent or any other Finance Party in respect of the Secured
Liabilities is rescinded or avoided or must otherwise be restored or returned by the
Collateral Agent or any other Finance Party, that payment will not be considered to have been
made for purposes of this Agreement, and this Agreement will continue to be effective or will
be reinstated, if necessary, as if that payment had not been made.

	 	(c)	 	This Agreement is enforceable against the Pledgor to the maximum extent permitted by the
fraudulent transfer laws.

	 	4.	 	PERFECTION AND FURTHER ASSURANCES

	 	4.1	 	General perfection

The Pledgor must take, at its own expense, promptly, and in any event within any
applicable time limit:

	 	(a)	 	whatever action is necessary; and

	 	(b)	 	any other action which the Collateral Agent or any other Finance Party may
reasonably require,

to ensure that this Security is as of the first Drawdown Date, and will continue to be
until the end of the Security Period, a validly created, attached, enforceable and perfected
first priority (except to the extent priority is affected as a result of a Permitted
Encumbrance) continuing security interest in the Pledged Collateral, in all relevant
jurisdictions, securing payment and performance of the Secured Liabilities.

This includes the giving of any notice, order or direction, the making of any filing or
registration, the passing of any resolution and the execution and delivery of any documents
or agreements which the Collateral Agent may reasonably require.

	 	4.2	 	Delivery of certificates

	 	(a)	 	The Pledgor represents and warrants that it has delivered to the Collateral Agent (or as
directed by the Collateral Agent) in the State of New York all original certificates,
instruments and stock powers evidencing or representing or providing for the transfer of the
Pledged Interest existing on the date of this Agreement.

	 	(b)	 	The Pledgor must deliver to the Collateral Agent (or as directed by the Collateral Agent),
immediately upon receipt, all original certificates and instruments evidencing or representing
any Pledged Collateral arising or acquired by the Pledgor after the date of this Agreement.

	 	(c)	 	All Pledged Collateral delivered under this Agreement will be either:

	 	(i)	 	duly endorsed and in suitable form for transfer by delivery; or

	 	(ii)	 	accompanied by undated instruments of transfer endorsed in blank,

as directed by the Collateral Agent, and in form and substance satisfactory to the
Collateral Agent.

	 	(d)	 	Until the end of the Security Period, the Collateral Agent will hold (directly or through an
agent) all certificates, instruments, and stock powers delivered to it.

	 	(e)	 	At any time and from time to time, the Collateral Agent will have the right to exchange
certificates or instruments evidencing or representing Pledged Collateral for certificates or
instruments of smaller or larger denominations.

	 	4.3	 	Filing of financing statements

	 	(a)	 	The Pledgor authorizes the Collateral Agent to prepare and file, at the Pledgor’s expense:

	 	(i)	 	financing statements describing the Pledged Collateral;

	 	(ii)	 	continuation statements; and

	 	(iii)	 	any amendment in respect of those statements.

	 	(b)	 	Promptly after filing an initial financing statement in respect of the Pledged Collateral,
the Pledgor must provide the Collateral Agent with an official report from the Secretary of
State of each Relevant State indicating that the Collateral Agent’s security interest in the
Pledged Collateral is prior to all other security interests or other interests reflected in
the report.

	 	4.4	 	Communication with Issuer

The Pledgor authorizes the Collateral Agent at any time and from time to time to
communicate with the Issuer with regard to any matter relating to any Pledged Collateral;
provided however that, if an Event of Default has not occurred, the Collateral Agent shall
provide the Pledgor with prior notice of any such communication with the Issuer and the
Pledgor shall be permitted to participate in such communications.

	 	4.5	 	Further assurances

	 	(a)	 	The Pledgor must take, at its own expense, promptly, and in any event within any applicable
time limit, whatever action the Collateral Agent may reasonably require for:

	 	(i)	 	creating, attaching, perfecting and protecting, and maintaining the priority
of, any security interest intended to be created by this Agreement;

	 	(ii)	 	facilitating the enforcement of this Security or the exercise of any right,
power or discretion exercisable by the Collateral Agent or any of its delegates or
sub-delegates in respect of any of the Pledged Collateral;

	 	(iii)	 	obtaining possession and control of any Pledged Collateral; and

	 	(iv)	 	facilitating the assignment or transfer of any rights and/or obligations of the
Collateral Agent or any other Finance Party under this Agreement.

This includes the execution and delivery of any transfer, assignment or other agreement
or document, whether to the Collateral Agent or its nominee, which the Collateral Agent may
reasonably request.

	 	(b)	 	The Pledgor irrevocably constitutes and appoints the Collateral Agent, with full power of
substitution, as the Pledgor’s true and lawful attorney-in-fact, in the Pledgor’s name or in
the Collateral Agent’s name or otherwise, and at the Pledgor’s expense, to take any of the
actions referred to in paragraph (a) above without notice to or the consent of the Pledgor
following either (i) the Pledgor’s failure to promptly take any action requested by the
Collateral Agent pursuant to paragraph (a) above or (ii) the occurrence of an Event of
Default. This power of attorney is a power coupled with an interest and cannot be revoked. The
Pledgor ratifies and confirms all actions taken by the Collateral Agent or its agents under
this power of attorney.

	 	5.	 	SURETYSHIP PROVISIONS

	 	5.1	 	Nature of Pledgor’s obligations

	 	(a)	 	The Pledgor’s obligations under this Agreement are independent of any obligation of the
Obligors or any other person.

	 	(b)	 	A separate action or actions may be brought and prosecuted against the Pledgor under this
Agreement.

	 	(c)	 	The Collateral Agent may enforce its rights under this Agreement, whether or not any action
is brought or prosecuted against the Obligors or any other person and whether or not the
Obligors or any other person is joined in any action under this Agreement.

	 	5.2	 	Waiver of defenses

	 	(a)	 	The obligations of the Pledgor under this Agreement will not be affected by, and the Pledgor
irrevocably waives any defense it might have by virtue of, any act, omission, matter or thing
which, but for this Clause, would reduce, release or prejudice any of its obligations under
this Agreement (whether or not known to it or any Finance Party). This includes:

	 	(i)	 	any time, forbearance, extension or waiver granted to, or composition or
compromise with, another person;

	 	(ii)	 	any taking, variation, compromise, exchange, renewal or release of, or any
refusal or failure to perfect, or enforce, any rights against, or security over assets
of, any person;

	 	(iii)	 	any non-presentation or non-observance of any formality or other requirement
in respect of any instrument or any failure to realize the full value of any security;

	 	(iv)	 	any disability, incapacity or lack of powers, authority or legal personality of
or dissolution or change in the members or status of any person;

	 	(v)	 	any amendment, restatement, or novation (however fundamental) of a Finance
Document or any other document, guaranty or security;

	 	(vi)	 	any unenforceability, illegality or invalidity of any obligation of any person
under any Finance Document or any other document, guaranty or security, the intent of
the parties being that the Collateral Agent’s security interest in the Pledged
Collateral and the Pledgor’s obligations under this Agreement are to remain in full
force and be construed accordingly, as if there were no unenforceability, illegality or
invalidity;

	 	(vii)	 	any avoidance, postponement, discharge, reduction, non-provability or other
similar circumstance affecting any obligation of any Obligor under a Finance Document
resulting from any bankruptcy, insolvency, receivership, liquidation or dissolution
proceedings or from any law, regulation or order so that each such obligation is for
the purposes of the Pledgor’s obligations under this Agreement construed as if there
were no such circumstance; or

	 	(viii)	 	the acceptance or taking of other guaranties or security for the Secured Liabilities,
or the settlement, release or substitution of any guaranty or security or of any
endorser, guarantor or other obligor in respect of the Secured Liabilities.

	 	(b)	 	The Pledgor unconditionally and irrevocably waives (to the extent such waiver is not
prohibited by applicable law):

	 	(i)	 	diligence, presentment, demand for performance, notice of non-performance,
protest, notice of protest, notice of dishonor, notice of the creation or incurring of
new or additional indebtedness of the Obligors to the Collateral Agent or the other
Finance Parties, notice of acceptance of this Agreement, and notices of any other kind
whatsoever;

	 	(ii)	 	the filing of any claim with any court in the event of a receivership,
insolvency or bankruptcy;

	 	(iii)	 	the benefit of any statute of limitations affecting any Obligor’s obligations
under the Finance Documents or the Pledgor’s obligations under this Agreement or the
enforcement of this Agreement or the Collateral Agent’s security interest in the
Pledged Collateral; and

	 	(iv)	 	any offset or counterclaim or other right, defense, or claim based on, or in
the nature of, any obligation now or later owed to the Pledgor by the Obligors, the
Collateral Agent or any other Finance Party.

	 	(c)	 	The Pledgor irrevocably and unconditionally authorizes the Collateral Agent and the other
Finance Parties to take any action in respect of the Secured Liabilities or any collateral or
guaranties securing them or any other action that might otherwise be deemed a legal or
equitable discharge of a surety, without notice to or the consent of the Pledgor and
irrespective of any change in the financial condition of any Obligor.

	 	5.3	 	Immediate recourse

The Pledgor waives any right it may have of first requiring the Collateral Agent or any
other Finance Party (or any trustee or agent on their behalf) to proceed against or enforce
any other rights, security or other guaranty or claim payment from any person before
claiming from the Pledgor under this Agreement and enforcing the Collateral Agent’s security
interest in the Pledged Collateral.

	 	5.4	 	Appropriations

Until the expiry of the Security Period, the Collateral Agent and each other Finance
Party (or any trustee or agent on their behalf) may:

	 	(a)	 	refrain from applying or enforcing any other moneys, security, guaranties or rights held or
received by the Collateral Agent or that other Finance Party (or any trustee or agent on their
behalf) in respect of the Secured Liabilities; provided that to the extent the Collateral
Agent receives cash, such amount shall be applied to the payment of any amounts then due and
owing under the Credit Agreement,

	 	(b)	 	apply and enforce them in such manner and order as it sees fit (whether against the Secured
Liabilities or otherwise); and

	 	(c)	 	hold in a suspense account any moneys received from any realization of the Pledged
Collateral, from the Pledgor or on account of the Pledgor’s liability under this Agreement or
any other Finance Document, without liability to pay interest on those moneys.

	 	 	 
	5.5	 	Non-competition
	
 
	 	Unless:

	 	(a)	 	the Security Period has expired, or

	 	(b)	 	the Collateral Agent otherwise directs in writing:

the Pledgor will not, after a claim has been made by the Collateral Agent or
any other Finance Party against the Pledgor or any other Obligor, or by virtue of
any payment or performance by the Pledgor under this Agreement:

	 	(i)	 	be subrogated to any rights, security or moneys held, received or receivable by
the Collateral Agent or any other Finance Party (or any trustee or agent on their
behalf);

	 	(ii)	 	be entitled to any right of contribution or indemnity in respect of any payment
made or moneys received on account of the Pledgor’s liability under this Agreement or
any other Finance Document;

	 	(iii)	 	claim, rank, prove or vote as a creditor of any Obligor or its estate in
competition with the Collateral Agent or any other Finance Party (or any trustee or
agent on their behalf); or

	 	(iv)	 	receive, claim or have the benefit of any payment, distribution or security
from or on account of any Obligor, or exercise any right of set-off as against any
Obligor.

The Pledgor must hold in trust for and immediately pay or transfer to the Collateral
Agent (or as directed by the Collateral Agent) for the Finance Parties any payment or
distribution or benefit of security received by it contrary to this Subclause or in
accordance with any directions given by the Collateral Agent under this Subclause.

	 	5.6	 	Waiver of subrogation

Notwithstanding any provision to the contrary in any guaranty given by the Pledgor in
respect of the Secured Liabilities, the Pledgor:

	 	(a)	 	irrevocably and unconditionally waives, until the end of the Security Period, for the benefit
of the Collateral Agent and the other Finance Parties; and

	 	(b)	 	agrees not to claim or assert after the Collateral Agent has exercised its rights under
Clause 8 (When Security becomes enforceable),

any right of subrogation, contribution or indemnity it may have against any Obligor as
a result of any payment under that guaranty or in respect of the Secured Liabilities.

	 	 	 	 	 
	5.7	 	Election of remedies	 	 
	(a)

	 	The Pledgor

understands that

the exercise by the

Collateral Agent

and the other

Finance Parties of

certain rights and

remedies contained

in the Finance

Documents may

affect or eliminate

the Pledgor’s right

of subrogation and

reimbursement

against
	 	the Obligors and that the

Pledgor may therefore incur a

partially or totally

non-reimbursable liability under

this Agreement.

	 	(b)	 	The Pledgor expressly authorizes the Collateral Agent and the other Finance Parties to pursue
their rights and remedies with respect to the Secured Liabilities in any order or fashion they
deem appropriate, in their sole and absolute discretion.

	 	 	 	 	 
	(c)

5.8

	 	The Pledgor waives any defense

arising out of the absence,

impairment, or loss of any or all

rights of recourse, reimbursement,

contribution, or subrogation or

any other rights or remedies of

the Pledgor against any Obligor,

any other person or any security,

whether resulting from

Information concerning the Obligors
	 	any election of rights or remedies by the Collateral Agent or the

other Finance Parties, or otherwise.

	 	(a)	 	The Pledgor represents and warrants to the Collateral Agent and the other Finance Parties
that the Pledgor is affiliated with each Obligor or is otherwise in a position to have access
to all relevant information bearing on the present and continuing creditworthiness of each
Obligor and the risk that any Obligor will be unable to pay the Secured Liabilities when due.

	 	(b)	 	The Pledgor waives any requirement that the Collateral Agent or the other Finance Parties
advise the Pledgor of information known to the Collateral Agent or any other Finance Party
regarding the financial condition or business of any Obligor, or any other circumstance
bearing on the risk of non-performance of the Secured Liabilities.

	 	(c)	 	The Pledgor assumes sole responsibility for keeping informed of the financial condition and
business of each Obligor.

	 	6.	 	REPRESENTATIONS AND WARRANTIES

	 	6.1	 	Representations and warranties

The representations and warranties set out in this Clause are made by the Pledgor to
each Finance Party.

	 	6.2	 	The Pledgor

	 	(a)	 	It is incorporated under the laws of the State of Nevada.

	 	(b)	 	Its exact legal name, as it appears in the public records of its jurisdiction of
incorporation or organization, is Warp Technology Holdings, Inc. It has not changed its name,
whether by amendment of its organizational documents, reorganization, merger or otherwise,
since its date of incorporation.

	 	(c)	 	Its jurisdiction of incorporation does not issue organizational identification numbers.

	 	(d)	 	Its chief executive office is located at 151 Railroad Avenue, Greenwich CT 06830. The
Pledgor has not changed its chief executive office within the past five years.

	 	(e)	 	It keeps at its address indicated in Clause 18 (Notices) its corporate records and all
records, documents and instruments constituting, relating to or evidencing Pledged Collateral,
except for the Pledged Collateral delivered to the Collateral Agent in compliance with Clause
4.2 (Delivery of certificates).

	 	6.3	 	The Pledged Collateral

	 	(a)	 	The Issuer is a limited liability company duly formed and organized and validly existing as a
limited liability company under the laws of the State of Delaware.

	 	(b)	 	The member of the Issuer is Warp Technology Holdings, Inc.

	 	(c)	 	The Issuer keeps at its address at 151 Railroad Avenue, Greenwich, CT 06830 its limited
liability company records and all records, documents and instruments relating to or evidencing
the Pledged Collateral.

	 	(d)	 	There is only one class of members and only one class of limited liability company interests
in the Issuer.

The Pledged Interest constitutes all of the issued and outstanding equity or ownership
interests in each Issuer, and there are no other equity or ownership interests in either
Issuer, options or rights to acquire or subscribe for any such interests, or securities or
instruments convertible into or exchangeable or exercisable for any such interests.

	 	(e)	 	Except as permitted under the Credit Agreement:

	 	(i)	 	it is the sole legal and beneficial owner of, and has the power to transfer and
grant a security interest in the Pledged Interest and all other Pledged Collateral now
in existence;

	 	(ii)	 	none of the Pledged Collateral is subject to any Lien other than the Collateral
Agent’s security interest;

	 	(iii)	 	it has not agreed or committed to sell, assign, pledge, transfer, license,
lease or encumber any of the Pledged Collateral, or granted any option, warrant, or
right with respect to any of the Pledged Collateral; and

	 	(iv)	 	no effective mortgage, deed of trust, financing statement, security agreement
or other instrument similar in effect is on file or of record with respect to any
Pledged Collateral, except for those that create, perfect or evidence the Collateral
Agent’s security interest.

	 	(f)	 	No litigation, arbitration or administrative proceedings are current or pending or, to its
knowledge, threatened, involving or affecting the Pledged Collateral, and none of the Pledged
Collateral is subject to any order, writ, injunction, execution or attachment.

	 	(g)	 	None of the Pledged Collateral constitutes “margin stock” within the meaning of Regulation U
or X issued by the Board of Governors of the United States Federal Reserve System.

	 	6.4	 	No liability

	 	(a)	 	Its rights, interests, liabilities and obligations under contractual obligations that
constitute part of the Pledged Collateral are not affected by this Agreement or the exercise
by the Collateral Agent of its rights under this Agreement;

	 	(b)	 	neither the Collateral Agent nor any other Finance Party, unless it expressly agrees in
writing, will have any liabilities or obligations under any contractual obligation that
constitutes part of the Pledged Collateral as a result of this Agreement, the exercise by the
Collateral Agent of its rights under this Agreement or otherwise; and

	 	(c)	 	neither the Collateral Agent nor any other Finance Party has or will have any obligation to
collect upon or enforce any contractual obligation or claim that constitutes part of the
Pledged Collateral, or to take any other action with respect to the Pledged Collateral.

	 	6.5	 	Consideration and solvency

	 	(a)	 	Terms used in this Subclause have the meanings given to them in, and must be construed in
accordance with, the fraudulent transfer laws.

	 	(b)	 	It will receive valuable direct and indirect benefits as a result of the transactions
financed by the Loans and these benefits constitute “reasonably equivalent value” and “fair
consideration” as those terms are used in the fraudulent transfer laws.

	 	(c)	 	To the best of its knowledge, the Finance Parties have acted in good faith in connection with
the transactions contemplated by this Agreement.

	 	(d)	 	The sum of its debts (including its obligations under this Agreement) is less than the value
of its property (calculated at the lesser of fair valuation and present fair saleable value).

	 	(e)	 	Its capital is not unreasonably small to conduct its business as currently conducted or as
proposed to be conducted.

	 	(f)	 	It has not incurred, does not intend to incur and does not believe it will incur debts beyond
its ability to pay as they mature.

	 	(g)	 	It has not made a transfer or incurred an obligation under this Agreement with the intent to
hinder, delay or defraud any of its present or future creditors.

	 	6.6	 	Times for making representations and warranties

	 	(a)	 	The representations and warranties set out in this Agreement (including in this Clause) are
made on the date of this Agreement.

	 	(b)	 	Unless a representation and warranty is expressed to be given at a specific date, all
representations and warranties under this Agreement are deemed to be repeated by the Pledgor
on the date of each Request and the first day of each Term during the Security Period with
reference to the facts and circumstances then existing.

	 	(c)	 	When representations and warranties are repeated, they are applied to the circumstances
existing at the time of repetition.

	 	(d)	 	The representations and warranties of the Pledgor contained in this Agreement or made by the
Pledgor in any certificate, notice or report delivered under this Agreement will survive each
Drawdown Date, the making and repayment of the Loans, and any novation, transfer or assignment
of the Loans.

	 	7.	 	UNDERTAKINGS

	 	 	 
	7.1	 	Undertakings
	7.2

	 	The Pledgor agrees to be bound by the covenants set out in this Clause.

The Pledgor

	 	(a)	 	Except as expressly permitted by the Credit Agreement, the Pledgor:

	 	(i)	 	must preserve its corporate existence and will not, in one transaction or a
series of related transactions, merge into or consolidate with any other entity, or
sell all or substantially all of its assets;

	 	(ii)	 	must not change the jurisdiction of its incorporation or organization;

	 	(iii)	 	must not change its name without providing the Collateral Agent with 30 days’
prior written notice; and

	 	(iv)	 	must keep at its address indicated in Clause 18 (Notices) its corporate records
and all records, documents and instruments constituting, relating to or evidencing
Pledged Collateral, except for the Pledged Collateral delivered to the Collateral Agent
in compliance with Clause 4.2 (Delivery of certificates).

	 	(b)	 	The Pledgor permits the Collateral Agent and its agents and representatives, during normal
business hours and upon reasonable notice, to inspect the Pledged Collateral, to examine and
make copies of and abstracts from the records referred to in paragraph (a)(iv) above, and to
discuss matters relating to the Pledged Collateral directly with the Pledgor’s officers and
employees.

	 	(c)	 	At the Collateral Agent’s request, the Pledgor must provide the Collateral Agent with any
information concerning the Collateral that the Collateral Agent may reasonably request.

	 	7.3	 	The Pledged Collateral

	 	(a)	 	The Pledgor will cause each Issuer to keep and maintain, at its address indicated in Clause
6.3(a) (The Pledged Collateral) its limited liability company records and all records,
documents and instruments constituting, relating to, or evidencing Pledged Collateral. The
Pledgor agrees to cause each Issuer to permit the Collateral Agent and its agents and
representatives during normal business hours and upon reasonable notice, to examine and make
copies of and abstracts from the records and stock ledgers and to discuss matters relating to
the Issuer and its records directly with the Issuer’s officers and employees.

	 	(b)	 	Except as expressly permitted by the Credit Agreement or this Agreement, the Pledgor:

	 	(i)	 	must maintain sole legal and beneficial ownership of the Pledged Collateral;

	 	(ii)	 	must not permit any Pledged Collateral to be subject to any Lien other than the
Collateral Agent’s security interest and must at all times warrant and defend the
Collateral Agent’s security interest in the Pledged Collateral against all other Liens
and claimants;

	 	(iii)	 	must not sell, assign, transfer, pledge, license, lease or encumber, or grant
any option, warrant, or right with respect to, any of the Pledged Collateral, or agree
or contract to do any of the foregoing;

	 	(iv)	 	must not waive, amend or terminate, in whole or in part, any accessory or
ancillary right or other right in respect of any Pledged Collateral; and

	 	(v)	 	must not take any action which would result in a reduction in the value of any
Pledged Collateral.

	 	(c)	 	The Pledgor must pay when due (and in any case before any penalties are assessed or any Lien
is imposed on any Pledged Collateral) all taxes, assessments and charges imposed on or in
respect of Pledged Collateral and all claims against the Pledged Collateral.

	 	(d)	 	In any suit, legal action, arbitration or other proceeding involving the Pledged Collateral
or the Collateral Agent’s security interest, the Pledgor must take all lawful action to avoid
impairment of the Collateral Agent’s security interest or the Collateral Agent’s rights under
this Agreement or the imposition of a Lien on any of the Pledged Collateral.

	 	(e)	 	Except for distributions permissible under clause 18.16 of the Credit Agreement and made in
compliance with that clause, the Pledgor will not permit the Issuer to make, declare, or pay
any dividends, distributions, or returns of capital, or purchase, redeem, or otherwise acquire
for value any ownership interests in or securities of the Issuer now or later outstanding, or
make any distribution of assets or property to its members as such.

	 	(f)	 	The Pledgor will not permit the Issuer to cancel or change the terms of the Pledged Interest,
or authorize, create or issue any additional ownership interests or any additional class or
classes of ownership interests in the Issuer or to recharacterize or reclassify the existing
interests. The Pledgor will not effect or permit any change of control of the Issuer.

	 	(g)	 	The Pledgor will not permit the certificate of formation or limited liability company
agreement of the Issuer to be amended in any way that affects the Collateral Agent’s security
interests in the Pledged Collateral, the Collateral Agent’s rights under this Agreement or the
Pledgor’s rights in the Pledged Collateral.

	 	(h)	 	The Pledgor will take no action, and will not permit the Issuer to take any action, that
could cause any of the Pledged Collateral to constitute “margin stock” within the meaning of
Regulation U or X issued by the Board of Governors of the United States Federal Reserve
System.

	 	7.4	 	Notices

	 	(a)	 	The Pledgor must give the Collateral Agent prompt notice of the occurrence of any of the
following events:

	 	(i)	 	any pending or threatened claim, suit, legal action, arbitration or other
proceeding involving or affecting the Pledgor, either Issuer or any Pledged Collateral
which could reasonably be expected to impair the Collateral Agent’s security interest
or, the Collateral Agent’s rights under this Agreement or result in the imposition of a
Lien on any Pledged Collateral; or

	 	(ii)	 	any representation or warranty contained in this Agreement is or becomes
untrue, incorrect or incomplete in any material respect.

	 	(b)	 	Each notice delivered under this Clause, must include:

	 	(i)	 	reasonable details about the event; and

	 	(ii)	 	the Pledgor’s proposed course of action.

Delivery of a notice under this Clause does not affect the Pledgor’s obligations to
comply with any other term of this Agreement.

	 	8.	 	WHEN SECURITY BECOMES ENFORCEABLE

This Security may be enforced by the Collateral Agent at any time after an Event of
Default has occurred.

	 	9.	 	ENFORCEMENT OF SECURITY

	 	 	 
	9.1	 	Events of Default
	
 
	 	Each of the events set out in this Subclause is an Event of Default.

	 	(a)	 	The Pledgor does not comply with Clause 7.3(b) (The Pledged Collateral);

	 	(b)	 	The Pledgor does not comply with any other term of this Agreement or any Control Agreement
unless the non-compliance:

	 	(i)	 	is capable of remedy; and

	 	(ii)	 	is remedied within 20 days of the Collateral Agent giving notice to the
Pledgor;

	 	(c)	 	a representation or warranty made or repeated in this Agreement is untrue or incorrect in any
material aspect when made or deemed to be repeated;

	 	(d)	 	any attachment, execution or levy is made in respect of any part of the Pledged Collateral;
or

	 	(e)	 	an “Event of Default” (as that term is defined in the Credit Agreement) occurs.

	 	9.2	 	General

(a) After this Security has become enforceable, the Collateral Agent may immediately, in its
absolute discretion, exercise any right under:

	 	(i)	 	applicable law; or

	 	(ii)	 	this Agreement,

to enforce all or any part of the Security in respect of any Pledged Collateral in any
manner or order it sees fit.

(b) This includes:

	 	(i)	 	any rights and remedies available to the Collateral Agent under applicable law
and under the UCC (whether or not the UCC applies to the affected Pledged Collateral
and regardless of whether or not the UCC is the law of the jurisdiction where the
rights or remedies are asserted) as if those rights and remedies were set forth in this
Agreement in full;

	 	(ii)	 	transferring or assigning to, or registering in the name of, the Collateral
Agent or its nominees any of the Pledged Collateral;

	 	(iii)	 	exercising any voting, consent, management and other rights relating to any
Pledged Collateral;

	 	(iv)	 	performing or complying with any contractual obligation that constitutes part
of the Pledged Collateral;

	 	(v)	 	receiving, endorsing, negotiating, executing and delivering or collecting upon
any check, draft, note, acceptance, instrument, document, contract, agreement, receipt,
release, bill of lading, invoice, endorsement, assignment, bill of sale, deed,
security, share certificate, stock power, proxy, or instrument of conveyance or
transfer constituting or relating to any Pledged Collateral;

	 	(vi)	 	asserting, instituting, filing, defending, settling, compromising, adjusting,
discounting or releasing any suit, action, claim, counterclaim, right of set-off or
other right or interest relating to any Pledged Collateral;

	 	(vii)	 	executing and delivering acquittances, receipts and releases in respect of
Pledged Collateral; and

	 	(viii)	 	exercising any other right or remedy available to the Collateral Agent under the
other Finance Documents or any other agreement between the parties.

	 	9.3	 	Distribution and voting rights

	 	(a)	 	So long as no Event of Default has occurred and is continuing, the Pledgor will be entitled
to exercise all voting and other consensual rights with respect to the Pledged Collateral for
any purpose not inconsistent with the terms of the Finance Documents and to receive and retain
all distributions and other payments in respect of the Pledged Collateral to the extent
permitted by the Finance Documents.

	 	(b)	 	Upon the occurrence and during the continuation of an Event of Default, all rights of the
Pledgor to exercise voting and other consensual rights with respect to the Pledged Collateral
and to receive distributions and other payments in respect of the Pledged Collateral will
cease, and all these rights will immediately become vested solely in the Collateral Agent or
its nominees, and the Pledgor grants the Collateral Agent or its nominees the Pledgor’s
irrevocable and unconditional proxy for this purpose. After the occurrence and during the
continuation of an Event of Default, any distributions and other payments in respect of the
Pledged Collateral received by the Pledgor will be held in trust for the Collateral Agent, and
the Pledgor will keep all such amounts separate and apart from all other funds and property so
as to be capable of identification as the property of the Collateral Agent and will deliver
these amounts at such time as the Collateral Agent may request to the Collateral Agent in the
identical form received, properly endorsed or assigned if required to enable the Collateral
Agent to complete collection.

	 	9.4	 	Collateral Agent’s rights upon default

	 	(a)	 	The Pledgor irrevocably constitutes and appoints the Collateral Agent, with full power of
substitution, as the Pledgor’s true and lawful attorney-in-fact, in the Pledgor’s name or in
the Collateral Agent’s name or otherwise, and at the Pledgor’s expense, to take any of the
actions authorized by this Agreement or permitted under applicable law upon the occurrence and
during the continuation of an Event of Default, without notice to or the consent of the
Pledgor. This power of attorney is a power coupled with an interest and cannot be revoked.
The Pledgor ratifies and confirms all actions taken by the Collateral Agent or its agents
under this power of attorney.

	 	(b)	 	The Pledgor agrees that 10 days notice shall constitute reasonable notice in connection with
any sale, transfer or other disposition of Pledged Collateral.

	 	(c)	 	The Collateral Agent may comply with any applicable state or federal law requirements in
connection with a disposition of Pledged Collateral and compliance will not be considered
adversely to affect the commercial reasonableness of any sale of Pledged Collateral.

	 	(d)	 	The grant to the Collateral Agent under this Agreement of any right, power or remedy does not
impose upon the Collateral Agent any duty to exercise that right, power or remedy. The
Collateral Agent will have no obligation to take any steps to preserve any claim or other
right against any person or with respect to any Pledged Collateral.

	 	(e)	 	The Pledgor bears the risk of loss, damage, diminution in value, or destruction of the
Pledged Collateral.

	 	(f)	 	The Collateral Agent will have no responsibility for any act or omission of any courier,
bailee, broker, bank, investment bank or any other person chosen by it with reasonable care.

	 	(g)	 	The Collateral Agent makes no express or implied representations or warranties with respect
to any Pledged Collateral or other property released to the Pledgor or its successors and
assigns (other than as to the absence of liens created by the Pledgor).

	 	(h)	 	The Pledgor agrees that the Collateral Agent will have met its duty of care under applicable
law if it holds, maintains and disposes of Pledged Collateral in the same manner that it
holds, maintains and disposes of property for its own account.

	 	(i)	 	Except as set forth in this Clause or as required under applicable law, the Collateral Agent
will have no duties or obligations under this Agreement or otherwise with respect to the
Pledged Collateral.

	 	(j)	 	The sale, transfer or other disposition under this Agreement of any right, title, or interest
of the Pledgor in any item of Pledged Collateral will:

	 	(i)	 	operate to divest the Pledgor permanently and all persons claiming under or
through the Pledgor of that right, title, or interest, and

	 	(ii)	 	be a perpetual bar, both at law and in equity, to any claims by the Pledgor or
any person claiming under or through the Pledgor

	 	 	 
	9.5

	 	with respect to that item of Pledged Collateral.

No Marshaling

	 	(a)	 	The Collateral Agent need not, and the Pledgor irrevocably waives and agrees that it will not
invoke or assert any law requiring the Collateral Agent to:

	 	(i)	 	attempt to satisfy the Secured Liabilities by collecting them from any other
person liable for them; or

	 	(ii)	 	marshal any security or guarantee securing payment or performance of the
Secured Liabilities or any particular asset of the Pledgor.

	 	(b)	 	The Collateral Agent may release, modify or waive any collateral or guarantee provided by any
other person to secure any of the Secured Liabilities, without affecting the Collateral
Agent’s rights against the Pledgor.

	 	10.	 	APPLICATION OF PROCEEDS

Any moneys received in connection with the Pledged Collateral by the Collateral Agent
after this Security has become enforceable must be applied in the following order of
priority:

	 	(a)	 	first, in or towards payment of or provision for all costs and expenses
incurred by the Collateral Agent or any other Finance Party in connection with the
enforcement of this Security;

	 	(b)	 	second, in or towards payment of, or provision for, the Secured Liabilities;
and

	 	(c)	 	third, in payment of the surplus (if any) to the Pledgor or any other person
entitled to it under applicable law or the Intercreditor Agreement.

This Clause is subject to the payment of any claims having priority over this Security.
This Clause does not prejudice the right of any Finance Party to recover any shortfall from
the Pledgor.

	 	11.	 	EXPENSES AND INDEMNITY

	 	(a)	 	The Pledgor must pay immediately on demand to the Collateral Agent all costs and expenses
incurred by the Collateral Agent any other Finance Party, attorney, manager, delegate,
sub-delegate, agent or other person appointed by the Collateral Agent under this Agreement for
the purpose of enforcing its rights under this Agreement. This includes:

	 	(i)	 	costs of foreclosure and of any transfer, disposition or sale of Pledged
Collateral;

	 	(ii)	 	costs of maintaining or preserving the Pledged Collateral or assembling it or
preparing it for transfer, disposition or sale;

	 	(iii)	 	costs of obtaining money damages; and

	 	(iv)	 	fees and expenses of attorneys employed by the Collateral Agent for any purpose
related to this Agreement or the Secured Liabilities, including consultation,
preparation and negotiation of any amendment or restructuring, drafting documents,
sending notices or instituting, prosecuting or defending litigation or arbitration.

	 	(b)	 	The Pledgor must indemnify and keep indemnified the Collateral Agent, the other Finance
Parties and their respective affiliates, directors, officers, representatives and agents from
and against all claims, liabilities, obligations, losses, damages, penalties, judgments, costs
and expenses of any kind (including attorney’s fees and expenses) which may be imposed on,
incurred by or asserted against any of them by any person (including any Finance Party) in any
way relating to or arising out of:

	 	(i)	 	this Agreement;

	 	 	 
	(ii)

(iii)

(iv)

	 	the Pledged Collateral;

the Collateral Agent’s security interest in the Pledged Collateral;

any Event of Default;

	 	(v)	 	any action taken or omitted by the Collateral Agent under this Agreement or any
exercise or enforcement of rights or remedies under this Agreement; or

	 	(vi)	 	any transfer sale or other disposition of or any realization on Pledged
Collateral.

	 	(c)	 	The Pledgor will not be liable to an indemnified party to the extent any liability results
from that indemnified party’s gross negligence or willful misconduct. Payment by an
indemnified party will not be a condition precedent to the obligations of the Pledgor under
this indemnity.

	 	(d)	 	This Clause survives the initial Drawdown Date, the making and repayment of the Loans, any
novation, transfer or assignment of the Loans and the termination of this Agreement.

	 	12.	 	DELEGATION

	 	12.1	 	Power of attorney

The Collateral Agent may delegate by power of attorney or in any other manner to any
person any right, power or discretion exercisable by it under or in connection with this
Agreement.

	 	12.2	 	Terms

Any such delegation may be made upon any terms (including power to sub-delegate) which
the Collateral Agent may think fit.

	 	13.	 	EVIDENCE AND CALCULATIONS

In the absence of manifest error, the records of the Collateral Agent are conclusive
evidence of the existence and the amount of the Secured Liabilities.

	 	14.	 	CHANGES TO THE PARTIES

	 	14.1	 	Pledgor

The Pledgor may not assign, delegate or transfer any of its rights or obligations under
this Agreement without the consent of the Lenders, and any purported assignment, delegation
or transfer in violation of this provision shall be void and of no effect.

	 	14.2	 	Collateral Agent

	 	(a)	 	The Collateral Agent may assign or transfer its rights and obligations under this Agreement
in the manner permitted under the Credit Agreement.

	 	(b)	 	The Pledgor waives and will not assert against any assignee of the Collateral Agent any
claims, defenses or set-offs which the Pledgor could assert against the Collateral Agent
except for defenses which cannot be waived under applicable law.

	 	14.3	 	Successors and assigns

This Agreement shall be binding on and inure to the benefit of the respective
successors and permitted assigns of the Pledgor and the Collateral Agent.

	 	15.	 	MISCELLANEOUS

	 	15.1	 	Amendments and waivers

Any term of this Agreement may be amended or waived only by the written agreement of the
Pledgor and the Collateral Agent.

	 	15.2	 	Waivers and remedies cumulative

	 	(a)	 	The rights and remedies of the Collateral Agent under this Agreement:

	 	(i)	 	may be exercised as often as necessary;

	 	(ii)	 	are cumulative and not exclusive of its rights under applicable law; and

	 	(iii)	 	may be waived only in writing and specifically.

	 	(b)	 	Delay in exercising, or non-exercise, of any right or remedy under this Agreement is not a
waiver of that right or remedy.

	 	15.3	 	Counterparts

This Agreement may be executed in counterparts, and this has the same effect as if the signatures
on the counterparts were on a single copy of this Agreement.

	 	16.	 	SEVERABILITY

If any term of this Agreement is or becomes illegal, invalid or unenforceable in any
jurisdiction, that will not affect:

	 	(a)	 	the legality, validity or enforceability in that jurisdiction of any other term of this
Agreement; or

	 	(b)	 	the legality, validity or enforceability in any other jurisdiction of that or any other term
of this Agreement.

	 	17.	 	RELEASE

At the end of the Security Period, the Collateral Agent must, at the request and cost
of the Pledgor, take whatever action is necessary to release the Pledged Collateral from
this Security.

	 	18.	 	NOTICES

	 	18.1	 	Notices

Any communication in connection with this Agreement must be given in writing and,
unless otherwise stated, must be given in person or by fax.

	 	18.2	 	Contact Details

	 	(a)	 	The contact details of the Pledgor for this purpose are:

	 	 	 	 	 
	Address:
	 	Warp Technology Holdings Inc.

	 
	 	151 Railroad Ave.
	 
	 	Greenwich, CT 06830

	Fax:
	 	 	203-422-5329	 
	Attention:
	 	Chief Executive Officer and Chief Legal Officer

	 	(b)	 	The contact details of the Collateral Agent for this purpose are:

	 	 	 	 	 
	Address:
	 	Fortress Credit Corp.

	 
	 	1251 Avenue of the Americas
	 
	 	New York, NY 10020

	Fax:
	 	 	212-798-6099	 
	Attention:
	 	John King

	 	(c)	 	Either party may change its contact details by giving five Business Days’ notice to the other
party.

	 	(c)	 	Where a party nominates a particular department or officer to receive a communication, a
communication will not be effective if it fails to specify that department or officer.

	 	18.3	 	Effectiveness

	 	(a)	 	Except as provided below, any communication in connection with this Agreement will be deemed
to be given as follows:

	 	(i)	 	if delivered in person, at the time of delivery;

	 	(ii)	 	if by fax, when sent with confirmation of transmission.

	 	(b)	 	A communication given under this Clause but received on a non-working day or after business
hours on a working day in the place of receipt will only be deemed to be given on the next
working day in that place.

	 	19.	 	GOVERNING LAW

This Agreement, the relationship between the Pledgor and the Finance Parties and any
claim or dispute (whether sounding in contract, tort, statute or otherwise) relating to this
Agreement or that relationship shall be governed by and construed in accordance with law of
the State of New York including section 5-1401 of the New York General Obligations Law but
excluding any other conflict of law rules that would lead to the application of the law of
another jurisdiction. If the law of a jurisdiction other than New York is, under section
1-105(2) of the UCC, mandatorily applicable to the perfection, priority or enforcement of
any security interest granted under this Agreement in respect of any part of the Pledged
Collateral, that other law shall apply solely to the matters of perfection, priority or
enforcement to which it is mandatorily applicable.

	 	20.	 	ENFORCEMENT

	 	20.1	 	Jurisdiction

	 	(a)	 	For the benefit of the Collateral Agent, the Pledgor agrees that any New York State court or
Federal court sitting in the City and County of New York has jurisdiction to settle any
disputes and any judgment, order or award in connection with this Agreement and accordingly
submits to the jurisdiction of those courts.

	 	(b)	 	The Pledgor:

	 	(i)	 	waives objection to the New York State and Federal courts on grounds of
personal jurisdiction, inconvenient forum or otherwise as regards proceedings in
connection with this Agreement; and

	 	(ii)	 	agrees that a judgment or order of a New York State or Federal court in
connection with this Agreement is conclusive and binding on it and may be enforced
against it in the courts of any other jurisdiction.

(d) Nothing in this Clause limits the right of the Collateral Agent or any other Finance Party to
bring proceedings against the Pledgor in connection with this Agreement:

	 	(i)	 	in any other court of competent jurisdiction; or

	 	(ii)	 	concurrently in more than one jurisdiction.

	 	20.2	 	Service of process

The Pledgor consents to the service of process relating to any proceedings by a notice given
in accordance with Clause 18 (Notices).

	 	20.3	 	Waiver of immunity

To the extent that the Pledgor has or hereafter may acquire any immunity from jurisdiction
of any court or from legal process (whether through service or notice, attachment prior to
judgment, attachment in aid of execution, execution or otherwise) with respect to itself or
its properties, the Pledgor irrevocably waives that immunity in respect of its obligations
under this Agreement.

	 	20.4	 	Complete agreement

This Agreement and the other Finance Documents contain the complete agreement between the
parties on the matters to which they relate and supersede all prior commitments, agreements and
understandings, whether written or oral, on those matters.

	 	20.5	 	Waiver of Jury Trial

THE PLEDGOR AND THE SECURITY AGENT (FOR ITSELF AND ON BEHALF OF THE OTHER FINANCE PARTIES)
WAIVE ANY RIGHTS THEY MAY HAVE TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED ON OR
ARISING FROM THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. In the
event of litigation, this Agreement may be filed as a written consent to a trial by the
court.

The undersigned, intending to be legally bound, have executed and delivered this Agreement on the
date stated at the beginning of this Agreement.

SCHEDULE 1

PLEDGED INTEREST

Certificate No. 3 representing a 100% membership interest in Gupta Technologies, LLC.

SIGNATORIES

	 	 	 	 	 
	Pledgor	 	 	 	 
	WARP TECHNOLOGY HOLDINGS, INC.
	 	 
	 
	 	 	 	 
	Name:

Title:

	 	By:

Brian Sisko

Duly Authorized
	 	/s/ Brian Sisko

	 	 	 	 	 

	 	 	 	 	 
	Collateral Agent	 	 	 	 
	FORTRESS CREDIT CORP.
	 	 
	 
	 	 	 	 
	 	 	By:/s/ Marc K. Furstein

	 
	 	 	 	 
	 	 	Name: Marc K. Furstein

	 
	 	 	 	 
	Title:	 	Chief Operating Officer

The undersigned, being the Issuer referred to above, irrevocably agrees that it will comply with
instructions with respect to the Pledged Collateral originated by the Collateral Agent without
further consent by the Pledgor.

	 	 	 	 	 
	Issuer	 	 	 	 
	GUPTA TECHNOLOGIES, LLC
	 	 
	 
	 	 	 	 
	Name:

Title:

	 	By:

Brian Sisko

Duly Authorized
	 	/s/ Brian SiskoEX-10.77

EXHIBIT 10.77

INTERCREDITOR AND SUBORDINATION AGREEMENT

THIS INTERCREDITOR AND SUBORDINATION AGREEMENT (this Agreement), dated as of August 2, 2005,

BETWEEN:

	 	(1)	 	WARP TECHNOLOGY HOLDINGS, INC., a Nevada corporation (the Borrower);

	 	(2)	 	THE SUBSIDIARIES OF THE BORROWER listed in Part 1 of Schedule 1 (the Subsidiaries and
collectively with the Borrower, the Credit Parties);

	 	(3)	 	THE FINANCIAL INSTITUTIONS listed in Part 2 of Schedule 1 (the Senior Lenders);

	 	(4)	 	THE HOLDERS OF SUBORDINATED NOTES listed in Part 3 of Schedule 1 (the Subordinated
Noteholders and together with the Senior Lenders, the Lenders); and

	 	(5)	 	FORTRESS CREDIT CORP. as collateral agent (the Collateral Agent) for the Senior Lenders and
the Subordinated Noteholders pursuant to a Collateral Agency Agreement dated as of this date
hereof (the Collateral Agency Agreement).

WHEREAS:

	 	(A)	 	simultaneously herewith the Borrower, the Subsidiaries and the Senior Lenders are entering
into a US$50,000,000 credit agreement dated as of the date hereof (the Senior Credit
Agreement);

	 	(B)	 	as collateral security for the payment and performance of the Borrower’s obligations under
the Finance Documents (as defined in the Credit Agreement) (i) the Borrower is granting to the
Collateral Agent, for the benefit of the Senior Lenders, a security interest in certain
Collateral (as defined below) pursuant to the terms and conditions of that certain Security
Agreement and certain Pledge Agreements (as defined in the Senior Credit Agreement) entered
into (or to be entered into) between the Borrower and the Collateral Agent (the Company
Security Agreements) and (ii) each Subsidiary is executing a guaranty of the Borrower’s
obligations under the Finance Documents and granting to the Collateral Agent, for the benefit
of the Senior Lenders, a security interest in certain Collateral pursuant to the terms and
conditions of those certain Security Documents (as defined in the Senior Credit Agreement)
entered into (or to be entered into) between each Subsidiary and the Collateral Agent (the
Senior Subsidiary Security Agreements and, collectively with the Company Security Agreements,
the Senior Security Agreements); and

	 	(C)	 	as collateral security for the payment and performance of the Borrower’s obligations under
the Subordinated Purchase Agreement (i) the Borrower is granting to the Collateral Agent, for
the benefit of the Subordinated Noteholders, a security interest in the Collateral pursuant to
the terms and conditions of that certain Subordinated Security Agreement dated January 31,
2005 between the Borrower and Crestview Capital Master, LLC (Crestview) and assigned by
Crestview to the Collateral Agent in an Assignment Agreement dated as of the date hereof (the
Subordinated Security Agreement) and (ii) each Subsidiary is executing a guaranty of the
Borrower’s obligations under the Subordinated Purchase Agreement and granting to the
Collateral Agent, for the benefit of the Subordinated Noteholders, a security interest in the
Collateral pursuant to the terms and conditions of those certain Subordinated Subsidiary
Security Agreements dated January 31, 2005 between each Subsidiary and Crestview and assigned
by Crestview to the Collateral Agent in an Assignment Agreement dated as of the date hereof
(the Subordinated Subsidiary Security Agreements and, collectively with the Subordinated
Security Agreement, the Subordinated Security Agreements);

NOW, THEREFORE, the parties hereto agree as follows:

The parties hereto hereby agree as follows:

	 	1.	 	DEFINITIONS

	 	(a)	 	Unless otherwise defined herein, terms defined in the Senior Credit Agreement and used herein
shall have the meanings given to them in the Senior Credit Agreement.

	 	(b)	 	The following terms shall have the following meanings:

Agreement: this Intercreditor and Subordination Agreement.

Collateral: any and all property from time to time subject to security interests to
secure payment or performance of the Senior Obligations or the Subordinated Obligations
including all “Collateral” or “Pledged Collateral” as defined in the Senior Security
Agreements and the Subordinated Security Agreements.

Collection Action: shall mean (a) to demand, sue for, take or receive from or on behalf
of any Credit Party or any guarantor of the Subordinated Obligations, by set-off or in any
other manner, the whole or any part of any moneys which may now or hereafter be owing by any
Credit Party with respect to the Subordinated Obligations, (b) to initiate or participate
with others in any suit, action or proceeding against any Credit Party to (i) enforce
payment of or to collect the whole or any part of the Subordinated Obligations or (ii)
commence judicial enforcement of any of the rights and remedies under the Subordinated
Documents or applicable law with respect to the Subordinated Obligations or the Subordinated
Documents, (c) to accelerate any Subordinated Obligations, or (d) to exercise any put option
or to cause any Credit Party to honor any redemption or mandatory prepayment obligation
under any Subordinated Document; provided, that, notwithstanding the foregoing, in the case
of any Subordinated Noteholder, “Collection Action” shall not mean the exercise by a
Subordinated Noteholder of its right to exercise its warrants as provided under the
Subordinated Transaction Documents.

Collateral Enforcement Action: shall mean any action by any Subordinated Noteholder to
(a) exercise or seek to exercise any rights or exercise any remedies with respect to any
Collateral, (b) institute any action or proceeding with respect to such rights or remedies,
including, any action of foreclosure or (c) contest, protest or object to any foreclosure
proceeding, postpetition financing, use of cash collateral or action brought by the
Collateral Agent or any Senior Noteholder or to any other exercise by the Collateral Agent
or any Senior Noteholder of any rights and remedies under any Senior Transaction Documents.

Insolvency Event: (a) any Credit Party commences any case, proceeding or other action
(i) under any existing or future law of any jurisdiction, domestic or foreign, relating to
bankruptcy, insolvency, reorganization, conservatorship or relief of debtors, seeking to
have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt
or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation,
dissolution, composition or other relief with respect to it or its debts, or (ii) seeking
appointment of a receiver, trustee, custodian, conservator or other similar official for it
or for all or any substantial part of its assets, or any Credit Party making a general
assignment for the benefit of its creditors; or (b) there being commenced against any Credit
Party any case, proceeding or other action of a nature referred to in clause (a) above which
(i) results in the entry of an order for relief or any such adjudication or appointment or
(ii) remains undismissed, undischarged or unbonded for a period of 60 days; or (c) there
being commenced against any Credit Party or any of its subsidiaries any case, proceeding or
other action seeking issuance of a warrant of attachment, execution, distraint or similar
process against all or any substantial part of its assets which results in the entry of an
order for any such relief which shall not have been vacated, discharged, or stayed or bonded
pending appeal within 60 days from the entry thereof; or (d) any Credit Party taking any
action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any
of the acts set forth in clause (a), (b) or (c) above; or (e) any Credit Party generally not
paying, or being unable to pay, or admitting in writing its inability to pay, its debts as
they become due.

Senior Event of Default: any “Event of Default” under any Finance Document.

Senior Obligations: each obligation and liability whether:

(a) present or future, actual, contingent or unliquidated; or

(b) owed jointly or severally (or in any other capacity whatsoever),

of any Obligor to any Finance Party under or in connection with any Finance Document is
a Senior Obligation.

Senior Security Documents: all documents and instruments, now existing or hereafter
arising, which create or purport to create a security interest in property to secure payment
or performance of the Senior Obligations including the Senior Security Agreements.

Subordinated Notes: the promissory notes of any Credit Party outstanding from time to
time under the Subordinated Purchase Agreement with respect to the Subordinated Obligations.

Subordinated Obligations: each obligation and liability whether:

(a) present or future, actual, contingent or unliquidated; or

(b) owed jointly or severally (or in any other capacity whatsoever),

of any Credit Party to any Subordinated Noteholder under or in connection with any
Subordinated Transaction Document is a Subordinated Obligation.

Subordinated Purchase Agreement: the Subordinated Note and Warrant Purchase Agreement
dated as of January 31, 2005 between the Borrower and the Subordinated Noteholders.

Subordinated Security Documents: all documents and instruments, now existing or
hereafter arising, which create or purport to create a security interest in property to
secure payment or performance of the Subordinated Obligations including the Subordinated
Security Agreements.

Subordinated Transaction Documents: the Subordinated Purchase Agreement, the
Subordinated Notes, the Subordinated Security Documents, the Collateral Agency Agreement,
all “Transaction Documents” as defined in the Subordinated Purchase Agreement and all other
documents that from time to time evidence the Subordinated Obligations or secure payment or
performance thereof.

	 	(c)	 	The words “hereof,” “herein” and “hereunder” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this
Agreement, and section and paragraph references are to this Agreement unless otherwise
specified.

	 	(d)	 	The meanings given to terms defined herein shall be equally applicable to both the singular
and plural forms of such terms.

	 	(e)	 	The words (i)“includes” and “including” are not limiting; (ii) “or” is not exclusive; (iii)
“all” includes “any” and “any” includes “all” and means “any one or more”; (iv) references to
any instrument, document, mortgage, assignment or agreement of any kind includes any
amendments, restatements or modifications; (v) headings are for convenience only, and do not
affect the meaning of any provision; and (vi) references to the consent, satisfaction,
acceptance, discretion, judgment, option, requirement or approval (or variations of those
terms) of Collateral Agent or any Senior Noteholder are, unless otherwise specifically
indicated, to be interpreted as if followed by the phrase “in its absolute discretion”.

	 	2.	 	SUBORDINATION

	 	(a)	 	Each Credit Party and each of the Subordinated Noteholders agrees, for itself and each future
holder of the Subordinated Obligations, that the Subordinated Obligations are expressly
“subordinate and junior in right of payment” (as that phrase is defined in paragraph 2(b)) to
all Senior Obligations.

	 	(b)	 	“Subordinate and junior in right of payment” means, for purposes of paragraph 2(a), that (i)
no part of the Subordinated Obligations shall have any claim to the assets of any Credit Party
on a parity with or prior to the claim of the Senior Obligations; and (ii) unless and until
the Senior Obligations have been paid in full, then, without the express prior written consent
of the Collateral Agent, no Subordinated Noteholder will take, demand or receive from any
Credit Party, and no Credit Party will make, give or permit, directly or indirectly, by
setoff, redemption, purchase or in any other manner, any payment of (of whatever kind or
nature, whether in cash, property, securities or otherwise) the Subordinated Obligations
provided, however, that so long as an Event of Default has not occurred and is continuing, (i)
the Borrower may make, and the Subordinated Noteholders may receive, regularly scheduled
payments (not prepayments) of interest on the Subordinated Notes in accordance with the terms
thereof determined on a non-accelerated basis (without giving effect to any default rate of
interest thereunder) and (ii) the Borrower may prepay the Subordinated Indebtedness in full
out of the proceeds of any new equity contributions made in the Borrower which were not
intended to be used in connection with the financing of an Acquisition to the extent such
equity contributions are sufficient to prepay the Subordinated Indebtedness and may partially
prepay the Subordinated Indebtedness if such proceeds are not sufficient to pay the
Subordinated Indebtedness in full.

	 	(c)	 	The expressions “prior payment in full,” “payment in full,” “paid in full” and any other
similar terms or phrases when used in this Agreement shall mean the irrevocable and
indefeasible payment in full, in immediately available funds, of all of the Senior
Obligations. The phrase “equity contributions” shall mean any capital raise that is not a
Senior Obligation or required as a condition to any Advance under the Senior Credit Agreement.

	 	3.	 	ADDITIONAL PROVISIONS CONCERNING SUBORDINATION

	 	(a)	 	The Subordinated Noteholders and each Credit Party agree that upon the occurrence of any
Insolvency Event:

	 	(i)	 	all Senior Obligations shall be paid in full before any payment or distribution
of whatever kind or nature is made with respect to the Subordinated Obligations; and

	 	(ii)	 	any payment or distribution of assets of any Credit Party, whether in cash,
property or securities (other than as permitted under clause (a)(1) of this Section 3),
to which any Subordinated Noteholder would be entitled except for the provisions
hereof, shall be paid or delivered by such Credit Party, or any receiver, trustee in
bankruptcy, liquidating trustee, disbursing agent or other Person making such payment
or distribution, directly to the Collateral Agent, to the extent necessary to pay in
full all Senior Obligations, before any payment or distribution of any kind or nature
shall be made to any Subordinated Noteholder.

	 	(b)	 	Upon the occurrence of any Insolvency Event:

	 	(i)	 	each Subordinated Noteholder irrevocably authorizes and empowers the Collateral
Agent (A) to demand, sue for, collect and receive every payment or distribution on
account of the Subordinated Obligations payable or deliverable in connection with such
event or proceeding and give acquittance therefor, (B) to file claims and proofs of
claim in any statutory or non-statutory proceeding if such Subordinated Noteholder has
not demonstrated to the satisfaction of the Collateral Agent, no later than 30 days
prior to the applicable bar date, that such Subordinated Noteholder has filed an
appropriate claim or proof of claim, and (C) to take such other actions, in its own
name as Collateral Agent, or in the name of the Subordinated Noteholders or otherwise,
as the Collateral Agent may deem necessary or advisable for the enforcement of the
provisions of this Agreement; provided, however, that the foregoing authorization and
empowerment imposes no obligation on the Collateral Agent to take any such action;

	 	(ii)	 	each Subordinated Noteholder shall take such action, duly and promptly, as the
Collateral Agent may request from time to time (A) to collect the Subordinated
Obligations for the account of the Collateral Agent and (B) to file appropriate proofs
of claim in respect of the Subordinated Obligations; and

	 	(iii)	 	each Subordinated Noteholder shall execute and deliver such powers of
attorney, assignments or proofs of claim or other instruments as the Collateral Agent
may request to enable the Collateral Agent to enforce any and all claims in respect of
the Subordinated Obligations and to collect and receive any and all payments and
distributions which may be payable or deliverable at any time upon or in respect of the
Subordinated Obligations.

	 	(c)	 	If any payment or distribution, whether consisting of money, property or securities, shall be
collected or received by any Subordinated Noteholder in respect of the Subordinated
Obligations, except payments permitted to be made at the time of payment as provided in
paragraph 2(b), such Subordinated Noteholder shall forthwith deliver the same to the
Collateral Agent, in the form received, duly indorsed to the Collateral Agent, if required, to
be applied to the payment or prepayment of the Senior Obligations until the Senior Obligations
are paid in full. Until so delivered, such payment or distribution shall be held in trust by
such Subordinated Noteholder as the property of the Collateral Agent, segregated from other
funds and property held by such Subordinated Noteholder. Following payment in full of the
Senior Obligations, Collateral Agent will remit to each Subordinated Noteholder as promptly as
practicable, to the extent of such Subordinated Noteholder’s interest therein, all payments or
distributions paid (respectively by any such Subordinated Noteholder) to and held by
Collateral Agent in excess of the Senior Obligations as provided in Section 4(e) of this
Agreement.

	 	(d)	 	Until the Senior Obligations are paid in full, the Subordinated Noteholders shall not take
any Collection Action or Collateral Enforcement Action with respect to the Subordinated
Obligations.

	 	4.	 	RIGHTS IN COLLATERAL

	 	(a)	 	Notwithstanding anything to the contrary contained in any Finance Document or any
Subordinated Transaction Document and irrespective of:

	 	(i)	 	the time, order or method of attachment or perfection of the security interests
created by any Senior Security Document or any Subordinated Security Document;

	 	(ii)	 	the time or order of filing or recording of financing statements or other
documents filed or recorded to perfect security interests in any Collateral;

	 	(iii)	 	anything contained in any filing or agreement to which the Collateral Agent or
any Subordinated Noteholder now or hereafter may be a party; and

	 	(iv)	 	the rules for determining perfection or priority under the Uniform Commercial
Code or any other law governing the relative priorities of secured creditors;

any security interest in any Collateral pursuant to any Senior Security Document has and
shall have priority, to the extent of any unpaid Senior Obligations, over any security
interest in such Collateral pursuant to any Subordinated Transaction Document.

	 	(b)	 	So long as the Senior Obligations have not been paid in full and any Senior Security Document
remains in effect, whether or not any Insolvency Event has occurred,

	 	(i)	 	no Subordinated Noteholder will take any Collateral Enforcement Action; and

	 	(ii)	 	the Collateral Agent (or behalf of the Senior Lenders) and, subject to the
Collateral Agency Agreement, any Senior Noteholder shall have the exclusive right to
enforce rights and exercise remedies with respect to the Collateral and Collateral
Agent shall not be required to marshal any Collateral.

	 	(c)	 	In exercising rights and remedies with respect to the Collateral, the Collateral Agent (on
behalf of the Senior Lenders) and, subject to the Collateral Agency Agreement, the Senior
Lenders may enforce the provisions of the Senior Security Documents and exercise remedies
thereunder and under any other Finance Documents, all in such order and in such manner as it
or they may determine in the exercise of its or their sole business judgment. Such exercise
and enforcement shall include the rights to sell or otherwise dispose of Collateral, to incur
expenses in connection with such sale or disposition and to exercise all the rights and
remedies of a secured lender under the Uniform Commercial Code of any applicable jurisdiction.
In conducting any public or private sale under the Uniform Commercial Code, the Collateral
Agent shall give the Subordinated Noteholders such notice of such sale as may be required by
the applicable Uniform Commercial Code; provided, however, that 10 days’ notice shall be
deemed to be commercially reasonable notice.

	 	(d)	 	When all Senior Obligations have been paid in full and the Senior Security Documents no
longer are in effect, subject to the requirements of the Collateral Agency Agreement, the
Subordinated Noteholders shall have the right to enforce the provisions of the Subordinated
Security Documents and exercise remedies thereunder.

	 	(e)	 	Any money, property or securities realized upon the sale, disposition or other realization by
the Collateral Agent upon all or any part of the Collateral, or otherwise received by
Collateral Agent under any provision of this Agreement shall be applied by the Collateral
Agent in the following order:

	 	(i)	 	first, to the payment of any and all expenses incurred by the Collateral Agent
on and after the date of this Agreement in connection with the performance of its
duties under this Agreement for which reimbursement has not been made by the Company;

	 	(ii)	 	second, to the Senior Lenders in an amount equal to each such Lender’s pro-rata
share of accrued but unpaid interest on the Senior Obligations;

	 	(iii)	 	third, to the Senior Lenders in an amount equal to each such Lender’s pro-rata
share of the unpaid principal balance of the Senior Obligations and any other unpaid
Senior Obligations;

	 	(iv)	 	fourth, to each Senior Lender in an amount equal to all other amounts then
owing to each such Senior Lender under any Finance Document;

	 	(v)	 	fifth, to the Subordinated Noteholders in an amount equal to each such Lender’s
pro-rata share of accrued but unpaid interest on the Subordinated Obligations;

	 	(vi)	 	sixth, to the Subordinated Noteholders in an amount equal to each such Lender’s
pro-rata share of the unpaid principal balance of the Subordinated Obligations and any
other unpaid Subordinated Obligations; and

	 	(vii)	 	seventh, any sums remaining after such applications and disbursements shall be
paid to such Persons entitled thereto or as a court of competent jurisdiction shall
direct.

	 	(f)	 	The Collateral Agent’s rights with respect to the Collateral include the right to release any
or all of the Collateral from the liens under any Senior Security Document or Subordinated
Security Document in connection with any sale of all or any portion of the Collateral
notwithstanding that the net proceeds of any such sale may not be used to permanently prepay
any Senior Obligations or Subordinated Obligations. The Subordinated Noteholders are hereby
deemed to have consented to such sale(s) under the Subordinated Documents. At the request of
Collateral Agent, the Subordinated Noteholders shall (or shall cause the Subordinated
Noteholders’ agent to) deliver to the Collateral Agent such duly executed (if execution is
required or desirable) and undated UCC financing statements, amendments or terminations and,
as applicable, intellectual property terminations, satisfactions and discharges of mortgages
(the term “mortgage” being deemed to include mortgage deeds, deeds of trust and other similar
instruments creating a lien on real property), termination statements and partial release
statements (in blank as to the assets being released), as the Collateral Agent may request
with respect to the Subordinated Noteholders’ liens on the Credit Parties’ assets. If the
Collateral Agent shall determine, in connection with any sale of Collateral, that the
termination, satisfaction, discharge or partial release of the Lien on all or any portion of
the Collateral under any Subordinated Security Document in connection with such sale is
necessary or advisable, the Collateral Agent may deliver to the applicable purchaser at such
sale (or, upon the request of such purchaser, file) such previously delivered termination,
satisfaction, discharge or partial release documents, which partial release documents the
Collateral Agent is hereby authorized to complete (whether one or more and from time to time))
by inserting the description of the assets to be released. The Subordinated Noteholders shall
execute such other release, satisfaction, discharge and termination documents and instruments
and shall take such further actions as the Collateral Agent shall request. Each Subordinated
Noteholder hereby irrevocably constitutes and appoints the Collateral Agent and any officer of
the Collateral Agent, with full power of substitution, as its true and lawful attorney-in-fact
with full irrevocable power and authority in the place and stead of such Subordinated
Noteholder and in the name of such Subordinated Noteholder or in the Collateral Agent’s own
name, from time to time in the Collateral Agent’s discretion, for the purpose of carrying out
the terms of this paragraph, to take any and all appropriate action and to execute any and all
documents and instruments which may be necessary or desirable to accomplish the purposes of
this paragraph, including any terminations of financing statements, partial lien releases,
mortgage satisfactions and discharges, endorsements, assignments or other instruments of
transfer, termination or release, and, in addition, to take any and all other appropriate and
commercially reasonably action for the purpose of carrying out the terms of this paragraph.
Each Subordinated Noteholder hereby ratifies all that said attorneys shall lawfully do or
cause to be done pursuant to the power of attorney granted in this paragraph. No person to
whom this power of attorney is presented, as authority for Collateral Agent to take any action
or actions contemplated hereby, shall be required to inquire into or seek confirmation from
any Subordinated Noteholder as to the authority of Collateral Agent to take any action
described herein, or as to the existence of or fulfillment of any condition to this power of
attorney, which is intended to grant to Collateral Agent unconditionally the authority to take
and perform the actions contemplated herein. Each Subordinated Noteholder irrevocably waives
any right to commence any suit or action, in law or equity, against any person or entity which
acts in reliance upon or acknowledges the authority granted under this power of attorney.

	 	5.	 	CONSENT OF SUBORDINATED NOTEHOLDERS

	 	(a)	 	Each Subordinated Noteholder consents that, without the necessity of any reservation of
rights against any Subordinated Noteholder, and without notice to or further assent by any
Subordinated Noteholder:

	 	(i)	 	any demand for payment of any Senior Obligations made by the Collateral Agent
or any Senior Lender may be rescinded in whole or in part by the Collateral Agent or
such Senior Lender, and any Senior Obligations may be continued, and the Senior
Obligations, or the liability of any Credit Party or any other party upon or for any
part thereof, or any collateral security or guarantee therefor or right of offset with
respect thereto, or any obligation or liability of any Credit Party or any other party
under any Finance Document or any other agreement, may, from time to time, in whole or
in part, be renewed, extended, modified, accelerated, compromised, waived, surrendered,
or released by the Collateral Agent; and

	 	(ii)	 	the Finance Documents may be amended, modified, extended, supplemented,
restated, refinanced, refunded, restructured or terminated, in whole or in part, as the
Collateral Agent and Senior Lenders may deem advisable from time to time, and any
collateral security at any time held by the Collateral Agent or any Senior Lender for
the payment of any of the Senior Obligations may be sold, exchanged, waived,
surrendered or released; provided, that, notwithstanding anything to the contrary set
forth above, the Subordinated Noteholders do not consent to, and the Credit Parties may
not, change, amend, supplement or otherwise modify the terms of the Senior Transaction
Documents, or agree to any of the foregoing, or refund or refinance the same, without
the prior written consent of 75% of the Subordinated Noteholders, if the effect of such
change, amendment, supplement or modification or such refunding or such refinancing is
to: (A) increase the interest rate on the Senior Obligations in excess of the default
rate set forth in the Senior Notes or (B) extend the final scheduled maturity date of
the Senior Notes by more than six months from the maturity date (and any extension
period) provided therein, in each case all without notice to or further assent by any
Subordinated Noteholder, which will remain bound under this Agreement, and all without
impairing, abridging, releasing or affecting the subordination provided for herein.

	 	(b)	 	Each Subordinated Noteholder waives any and all notice of the creation, renewal, extension or
accrual of any of the Senior Obligations and notice of or proof of reliance by the Collateral
Agent upon this Agreement. The Senior Obligations, and any of them, shall be deemed
conclusively to have been created, contracted or incurred in reliance upon this Agreement, and
all dealings between any Credit Party, on one hand, and the Collateral Agent or any Senior
Lender, on the other hand, shall be deemed to have been consummated in reliance upon this
Agreement. Each Subordinated Noteholder acknowledges and agrees that the Senior Lenders and
the Collateral Agent have relied upon the subordination provided for herein in entering into
the Senior Credit Agreement and in making funds available to any Borrower thereunder. Each
Subordinated Noteholder waives notice of or proof of reliance on this Agreement and protest,
demand for payment and notice of default.

	 	6.	 	NEGATIVE COVENANTS OF THE SUBORDINATED NOTEHOLDERS

So long as any of the Senior Obligations shall remain outstanding, no Subordinated
Noteholder shall, without the prior written consent of the Collateral Agent and the Senior
Lenders:

	 	(a)	 	sell, assign, or otherwise transfer, in whole or in part, the Subordinated
Obligations or any interest therein to any other Person (a “Transferee”) or create,
incur or suffer to exist any security interest, lien, charge or other encumbrance
whatsoever upon the Subordinated Obligations in favor of any Transferee unless (i) such
action is made expressly subject to this Agreement and (ii) the Transferee expressly
acknowledges to the Collateral Agent and the Senior Lenders, by a writing in form and
substance reasonably satisfactory to the Collateral Agent and the Senior Lenders, the
subordination provided for herein and agrees to be bound by all of the terms hereof;

	 	(b)	 	permit any of the Subordinated Documents to be amended, modified or otherwise
supplemented (including by way of changes to definitions) in any manner which would
have the effect of (i) increasing the maximum principal amount of the Subordinated
Obligations or rate of interest on any of the Subordinated Obligations or fees payable
in respect thereof, (ii) changing or adding or tightening any event of default or any
covenant with respect to the Subordinated Obligations, (iii) changing any redemption or
prepayment provisions of the Subordinated Obligations, (iv) altering the subordination
provisions with respect to the Subordinated Obligations, including subordinating the
Subordinated Obligations to any other debt, (v) shortening the dates upon which
payments of principal or interest are due on any of the Subordinated Obligations, or
(vi) changing or amending any other term of the Subordinated Documents if such change
or amendment would increase the obligations of any Credit Party or confer additional
rights on the Subordinated Noteholders or any other holder of the Subordinated
Obligations in a manner adverse (in the judgment of the Collateral Agent) to any Credit
Party or the Collateral Agent or the Senior Lenders, and the parties hereto agree that
any such amendment shall be null and void ab initio and without legal force and effect;

	 	(c)	 	commence, or join with any creditors other than the Collateral Agent and the
Senior Lenders in commencing any case or proceeding referred to in the definition of
Insolvency Event.

	 	7.	 	SENIOR OBLIGATIONS UNCONDITIONAL

All rights and interests of the Collateral Agent and the Senior Lenders hereunder, and
all agreements and obligations of the Subordinated Noteholders and the Credit Parties
hereunder, shall remain in full force and effect irrespective of:

	 	(a)	 	any lack of validity or enforceability of any of the terms of any Finance
Document or Subordinated Transaction Documents;

	 	(b)	 	subject to paragraph 5(a), any change in the time, manner or place of payment
of, or in any other term of, all or any of the Senior Obligations, or any amendment or
waiver or other modification, whether by course of conduct or otherwise, of any of the
terms of any Finance Document;

	 	(c)	 	any exchange, release or non-perfection of any security interest in any
Collateral, or any release, amendment, waiver or other modification, whether in writing
or by course of conduct or otherwise, of all or any of the Senior Obligations or any
guarantee thereof; or

	 	(d)	 	any other circumstances which otherwise might constitute a defense available
to, or a discharge of, any Credit Party in respect of the Senior Obligations, or of any
Subordinated Noteholder or any Credit Party in respect of this Agreement.

	 	8.	 	NO REPRESENTATION BY COLLATERAL AGENT OR SENIOR LENDERS

The Senior Lenders and the Collateral Agent have not made and do not hereby or
otherwise make to the Subordinated Noteholders, any representations or warranties, express,
or implied. Neither the Senior Lenders nor the Collateral Agent assume any liability to any
Subordinated Noteholder with respect to: (a) the financial or other condition of obligors
under any instruments of guarantee with respect to the Senior Obligations, (b) the
enforceability, validity, value or collectibility of the Senior Obligations or the
Subordinated Obligations, any collateral therefor, or any guarantee or security which may
have been granted in connection with any of the Senior Obligations or the Subordinated
Obligations or (c) any Credit Party’s title or right to transfer any collateral or security.

	 	9.	 	WAIVER OF CLAIMS

To the maximum extent permitted by law, each Subordinated Noteholder waives any claim
it might have against the Collateral Agent or the Senior Lenders with respect to, or
arising out of, any action or failure to act or any error of judgment, negligence, or
mistake or oversight whatsoever on the part of the Collateral Agent or any Senior Lender or
their respective directors, officers, employees or agents with respect to any exercise of
rights or remedies under the Finance Documents or any transaction relating to the
Collateral. Neither the Collateral Agent nor any Senior Lender, nor any of their respective
directors, officers, employees or agents shall be liable for failure to demand, collect or
realize upon any of the Collateral or for any delay in doing so or shall be under any
obligation to sell or otherwise dispose of any Collateral upon the request of any Credit
Party or any Subordinated Noteholder or any other Person or to take any other action
whatsoever with regard to the Collateral or any part thereof.

	 	10.	 	PROVISIONS APPLICABLE AFTER BANKRUPTCY

The provisions of this Agreement shall continue in full force and effect
notwithstanding the occurrence of any Insolvency Event. To the extent that any Subordinated
Noteholder has or acquires any rights under Section 362, 363 or 364 of the Bankruptcy Code
with respect to the Collateral, such Subordinated Noteholder hereby agrees not to assert
such rights without the prior written consent of the Collateral Agent; provided, that if
requested by the Collateral Agent, such Subordinated Noteholder shall seek to exercise such
rights in the manner requested by the Collateral Agent, including the rights in payments in
respect of such rights. Without limiting the generality of the foregoing sentence, to the
extent that Collateral Agent or Senior Lenders consent to any Credit Party’s use of cash
collection under Section 363 of the Bankruptcy Code or Collateral Agent or any Senior Lender
agrees to provide financing to any Borrower under Section 364 of the Bankruptcy Code, each
Subordinated Noteholder hereby agrees not to impede, object to (on grounds of lack of
adequate protection, or otherwise), or otherwise interfere with such use of cash collateral
or financing. Each Subordinated Noteholder specifically agrees that the Collateral Agent and
the Senior Lenders may consent to any Credit Party’s use of cash collateral or provide
financing to any Credit Party on such terms and conditions and in such amounts as the
Collateral Agent and the Senior Lenders, in their sole discretion, may decide and that, in
connection with such cash collateral usage or such financing, any Credit Party (or a trustee
appointed for the estate of such Credit Party) may grant to the Collateral Agent and/or
Senior Lenders liens and security interests upon all or any part of the assets of any
Borrower or other Credit Party, which liens and security interests: (i) shall secure
payments of all Senior Obligations (whether such Senior Obligations arose prior to the
filing of the bankruptcy petition or thereafter); and (ii) shall be superior in priority to
the liens on and security interests in the assets of any Borrower or other Credit Party held
by the Subordinated Noteholders. Each Subordinated Noteholder (both in its capacity as a
Subordinated Noteholder and in its capacity (if any) as a party which may be obligated to
any Credit Party or any Credit Party’s Affiliates with respect to contracts which are part
of the Collateral Agent’s or any Senior Lender’s Collateral) agrees not to initiate or
prosecute or encourage any other Person to initiate or prosecute any claim, action,
objection or other proceeding (A) challenging the enforceability of the claim of Collateral
Agent or any Senior Lender, (B) challenging the enforceability of any liens or security
interests in any assets securing the Senior Obligations, or (C) asserting any claims which
any Credit Party may hold with respect to Collateral Agent or any Senior Lender. All
allocations of payments among the Collateral Agent, Senior Lenders and the Subordinated
Noteholders shall, subject to any court order, continue to be made after the filing of a
petition under the United States Bankruptcy Code, as amended (the “Bankruptcy Code”), or any
similar proceeding, on the same basis that the payments were to be allocated prior to the
date of such filing. Each Subordinated Noteholder agrees that it will not object to or
oppose a sale or other disposition of any assets securing the Senior Obligations (or any
portion thereof) free and clear of its security interests, liens or other claims under
Section 363 of the Bankruptcy Code or any other provision of the Bankruptcy Code if the
Collateral Agent or Senior Lenders have consented to such sale or disposition of such
assets. Each Subordinated Noteholder agrees not to assert any right it may have to “adequate
protection” of its interest in the Collateral in any bankruptcy proceeding and agrees that
it will not seek to have the automatic stay lifted with respect to such security, without
the prior written consent of the Collateral Agent and Senior Lenders. Each Subordinated
Noteholder waives any claim it may now or hereafter have against the Collateral Agent or any
Senior Lender arising out of the election of Collateral Agent or any Senior Lender, in any
case instituted under the Bankruptcy Code, of the application of Section 1111(b)(2) of the
Bankruptcy Code, and/or out of any cash collateral arrangement, or financing arrangement, or
out of any grant of a security interest, under Section 363 or 364 of the Bankruptcy Code,
with or by any Credit Party, as debtor in possession (or with or by any trustee for any
Credit Party). Each Subordinated Noteholder agrees that it will not, in its capacity as a
secured creditor: (a) propose, vote to accept, or otherwise support confirmation of, a plan
of reorganization opposed by the Collateral Agent or Senior Lender, or (b) vote to reject,
object to confirmation of, or otherwise oppose confirmation of, a plan of reorganization
supported by the Collateral Agent. The subordination and other provisions of this Agreement
shall be enforceable under Section 510(a) of the Bankruptcy Code.

	 	11.	 	FURTHER ASSURANCES

The Subordinated Noteholders and the Credit Parties, at the Credit Parties’ expense and
at any time from time to time, upon the written request of the Collateral Agent or any
Senior Lender, will promptly and duly execute and deliver such further instruments and
documents and take such further actions as the Collateral Agent or any Senior Lender
reasonably may request for the purposes of obtaining or preserving the full benefits of this
Agreement and of the rights and powers herein granted.

	 	12.	 	EXPENSES

	 	(a)	 	Each Credit Party will pay or reimburse the Collateral Agent, the Senior Lenders and the
Subordinated Noteholders, upon demand, for all of their respective costs and expenses in
connection with the enforcement or preservation of any rights under this Agreement, including
fees and disbursements of counsel to the Collateral Agent, Senior Lenders and Subordinated
Noteholders.

	 	(b)	 	Each Credit Party will pay, indemnify, and hold the Collateral Agent, the Senior Lenders and
the Subordinated Noteholders harmless from and against any and all other liabilities,
obligations, losses, damages, penalties, actions (whether sounding in contract, tort or on any
other ground), judgments, suits, costs, expenses and disbursements of any kind or nature
whatsoever with respect to the execution, delivery, enforcement, performance and
administration of, or in any other way arising out of or relating to this Agreement or any
action taken or omitted to be taken by the Collateral Agent, any Senior Lender or Subordinated
Noteholder with respect to any of the foregoing.

	 	(c)	 	Notwithstanding anything contained in this paragraph 12, all amounts owed by any Credit Party
to any Subordinated Noteholder pursuant to this paragraph 12 shall be Subordinated Obligations
under this Agreement and shall be paid only in accordance with the terms and provisions of
this Agreement.

	 	13.	 	PROVISIONS DEFINE RELATIVE RIGHTS

This Agreement is intended solely for the purpose of defining the relative rights of
the Collateral Agent (on behalf of the Senior Lenders) and the Senior Lenders on the one
hand and the Subordinated Noteholders on the other, and no other Person shall have any
right, benefit or other interest under this Agreement. Except as expressly set forth in this
Agreement, nothing herein shall: (a) impair, as between any Credit Party and the Senior
Lenders and any Credit Party and any Subordinated Noteholders, the obligation of such Credit
Party, which is absolute and unconditional, to pay principal of, interest on and all other
portions of the Senior Obligations, and the Subordinated Obligations, respectively, and all
other obligations of such Credit Party, to any Senior Lender or any Subordinated Noteholder,
under the Finance Documents or the Subordinated Transaction Documents, as the case may be,
in each case in accordance with their respective terms; or (b) affect the relative rights of
the Senior Lenders or Subordinated Noteholders with respect to any other creditors of any
Credit Party.

	 	14.	 	SUBROGATION

Subject to the indefeasible payment in full of all Senior Obligations, the Subordinated
Noteholders shall be subrogated to the rights of the Senior Lenders to receive payments or
distributions of assets of any Credit Party applicable to the Senior Obligations until the
principal of, and interest and premium, if any, on, and all other amounts payable in respect
of the Subordinated Obligations shall be paid in full. For purposes of such subrogation, no
payment or distribution to the Senior Lenders under the provisions hereof to which the
Subordinated Noteholders would have been entitled but for the provisions of this Agreement,
and no payment pursuant to the provisions of this Agreement to the Senior Lenders by the
Subordinated Noteholders, as among any Credit Party and its creditors other than the Senior
Lenders, shall be deemed to be a payment by such Credit Party to or on account of the Senior
Obligations.

	 	15.	 	LEGEND

Each Subordinated Noteholder and each Credit Party will cause each of the Subordinated
Notes, and each Subordinated Security Document to bear a legend referring to this Agreement
and indicating that such documents are subordinated as provided herein, all in form and
substance satisfactory to the Collateral Agent.

	 	16.	 	POWERS COUPLED WITH AN INTEREST

All powers, authorizations and agencies contained in this Agreement are coupled with an
interest and are irrevocable until the Senior Obligations are paid in full.

	 	17.	 	NOTICES

All notices, requests and demands to or upon the Collateral Agent or any Credit Party
or any Subordinated Noteholder to be effective shall be in writing (or by telex, fax or
similar electronic transfer confirmed in writing) and shall be deemed to have been duly
given or made (1) when delivered by hand or (2) if given by mail, when deposited in the
mails by certified mail, return receipt requested, or (3) if by telex, fax or similar
electronic transfer, when sent and receipt has been confirmed, addressed as follows:

If to the Collateral Agent:

Fortress Credit Corp.

1251 Avenue of the Americas

New York, NY 10020

Attention: John King

Telecopier No.: 212-798-6099

Telephone No.: 212-515-4608

with copies to:

Northlight Financial LLC

1330 Avenue of the Americas

40th Floor

New York, NY 10019

Attention: Mark Hirschhorn

Telecopier No.: 212-247-0002

Telephone No.: 212-247-1777

If to the Credit Parties:

c/o Warp Technology Holdings, Inc.

151 Railroad Avenue

Greenwich, Connecticut 06830

Attention: Ernest Mysogland

Telecopier No.: 203-422-5329

Telephone No.: 203-422-2950

The Collateral Agent, the Credit Parties and any Subordinated Noteholder may change
their respective addresses and transmission numbers for notices by notice in the manner
provided in this paragraph.

	 	18.	 	DEFAULT NOTICES

The Subordinated Noteholders shall provide the Collateral Agent with written notice of
any event of default with respect to, or acceleration of, all or any part of the
Subordinated Obligations concurrently with the sending thereof to any Credit Party and
promptly shall notify the Collateral Agent in the event a default which is the subject of
such a notice is cured or waived.

	 	19.	 	COUNTERPARTS

This Agreement may be executed by one or more of the parties on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to constitute one
and the same instrument. A set of the counterparts of this Agreement signed by all the
parties shall be lodged with the Collateral Agent.

	 	20.	 	SEVERABILITY

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

	 	21.	 	INTEGRATION

This Agreement represents the agreement of the Collateral Agent, the Senior Lenders,
the Subordinated Noteholders and each Credit Party with respect to the subject matter hereof
and there are no promises or representations by the Collateral Agent, the Senior Lenders or
any Subordinated Noteholder relative to the subject matter hereof not reflected herein.

	 	22.	 	AMENDMENTS IN WRITING; NO WAIVER: CUMULATIVE REMEDIES

	 	(a)	 	None of the terms or provisions of this Agreement may be waived, amended, supplemented or
otherwise modified except by a written instrument executed by the Collateral Agent, each
Senior Lender, each Credit Party and each Subordinated Noteholder; provided that any provision
of this Agreement in favor of Collateral Agent may be waived by the Collateral Agent in a
letter or agreement executed by the Collateral Agent or by telex or facsimile transmission
from the Collateral Agent.

	 	(b)	 	No failure to exercise, nor any delay in exercising, on the part of the Collateral Agent or
any Senior Lender, any right, power or privilege hereunder shall operate as a waiver thereof.
No single or partial exercise of any right, power or privilege hereunder shall preclude any
other or further exercise thereof or the exercise of any other right, power or privilege.

	 	(c)	 	The rights and remedies herein provided are cumulative, may be exercised singly or
concurrently and are not exclusive of any other rights or remedies provided by law.

	 	23.	 	SECTION HEADINGS

The section headings used in this Agreement are for convenience of reference only and
are not to affect the construction hereof or be taken into consideration in the
interpretation hereof.

	 	24.	 	SUCCESSORS AND ASSIGNS

	 	(a)	 	This Agreement shall be binding upon and shall inure to the benefit of the Collateral Agent,
each Senior Lender, each Subordinated Noteholder, each Credit Party and each of their
respective heirs, administrators, executors, successors and assigns.

	 	(b)	 	Upon a successor Collateral Agent becoming the Collateral Agent under the Finance Documents,
such successor Collateral Agent shall automatically be entitled to all the rights and powers
of the Collateral Agent hereunder without the need for any further action on the part of any
party hereto.

	 	25.	 	INVALIDATED PAYMENTS

To the extent that the Collateral Agent receives payments on, or proceeds of Collateral
for, the Senior Obligations which are subsequently invalidated, declared to be fraudulent or
preferential, set aside and/or required to be repaid to any Credit Party, a trustee,
receiver or any other party under any bankruptcy law, state or federal law, common law, or
equitable cause, then to the extent of such payment or proceeds received, the Senior
Obligations, or part thereof, intended to be satisfied shall be revived (and no longer be
deemed to be paid in full) and continue in full force and effect as if such payments or
proceeds had not been received by the Collateral Agent.

	 	26.	 	SPECIFIC PERFORMANCE

The Collateral Agent is hereby authorized to demand specific performance of this
Agreement at any time when any Subordinated Noteholder shall have failed to comply with any
of the provisions of this Agreement applicable to such Subordinated Noteholder whether or
not the Credit Parties shall have complied with any of the provisions hereof applicable to
any Credit Party, and the Subordinated Noteholder hereby irrevocably waives any defense
based on the adequacy of a remedy at law which might be asserted as a bar to such remedy of
specific performance.

	 	27.	 	GOVERNING LAW: CONSENT TO JURISDICTION AND VENUE

	 	27.1	 	Governing Law

This Agreement, the relationship between the Parties and any claim or dispute (whether
sounding in contract, tort, statute or otherwise) relating to this Agreement or that
relationship shall be governed by and construed in accordance with law of the State of New
York including section 5 1401 of the New York General Obligations Law but excluding any
other conflict of law rules that would lead to the application of the law of another
jurisdiction.

	 	27.2	 	Jurisdiction

(a) Each party irrevocably submits to the exclusive jurisdiction of any New York State
or U.S. Federal court sitting in the City and County of New York for the settlement of any
dispute in connection with any Finance Document.

(b) The New York courts are the most appropriate and convenient courts to settle any
such dispute and each party waives objection to those courts on the grounds of inconvenient
forum or otherwise in relation to proceedings in connection with any Finance Document.

	 	27.3	 	Service of process

	 	(a)	 	The parties consent to the service of process relating to any proceedings by a notice given
in accordance with Clause 17 (Notices).

	 	(b)	 	This Clause does not affect any other method of service allowed by law.

	 	 	 
	27.4	 	Waiver of immunity
	
 
	 	Each party irrevocably and unconditionally:

	 	(a)	 	agrees not to claim any immunity from proceedings brought by a Senior Lender against it in
relation to a Finance Document and to ensure that no such claim is made on its behalf;

	 	(b)	 	consents generally to the giving of any relief or the issue of any process in connection with
those proceedings; and

	 	(c)	 	waives all rights of immunity in respect of it or its assets.

	 	28.	 	MUTUAL WAIVER OF JURY TRIAL.

THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING
BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE, BETWEEN
THE PARTIES ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP
ESTABLISHED BETWEEN THEM IN CONNECTION WITH, THIS AGREEMENT OR ANY THE TRANSACTIONS RELATED
HERETO.

	 	29.	 	TERMINATION

Subject to the provisions of paragraph 26, this Agreement shall terminate upon the
indefeasible payment in full of the Senior Obligations and the Subordinated Obligations and
the termination of all commitments to lend by the Senior Lenders under the Credit Agreement.

	 	30.	 	NO STRICT CONSTRUCTION

The parties hereto have participated jointly in the negotiation and drafting of this
Agreement. In the event an ambiguity or question of intent or interpretation arises, this
Agreement shall be construed as if drafted jointly by the parties hereto and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship
of any provisions of this Agreement.

SIGNATORY

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered as of the day and year first above written.

	 	 	 	 	 
	as Collateral Agent

Title:

	 	FORTRESS CREDIT CORP.,

By:

Name: Marc K. Furstein

Chief Operating Officer
	 	

/s/ Marc K. Furstein

	 
	 	 	 	 
	as Lender

Title:

	 	FORTRESS CREDIT CORP.,

By:

Name: Marc K. Furstein

Chief Operating Officer
	 	

/s/ Marc K. Furstein

	 
	 	 	 	 
	 	 	WARP TECHNOLOGY HOLDINGS, INC.

	 
	 	 	 	 
	Name:

Title:

	 	By:

Brian Sisko

Duly Authorized
	 	/s/ Brian Sisko

	 
	 	 	 	 
	Name:

Title:

	 	WARP SOLUTIONS, INC.

By:

Brian Sisko

Duly Authorized
	 	

/s/ Brian Sisko

	 
	 	 	 	 
	Name:

Title:

	 	WARP SOLUTIONS, LTD.

By:

Brian Sisko

Duly Authorized
	 	

/s/ Brian Sisko

	 	 	 	 	 
	6043577 CANADA, INC.	 	 	 
	 	 	By:	 	 	/s/ Brian Sisko
	Name:	 	Brian Sisko	 	 	 
	Title:	 	Duly Authorized	 	 	 
	 	 	SPIDER SOFTWARE, INC.	 
	 	 	By:	 	 	/s/ Brian Sisko
	Name:	 	Brian Sisko	 	 	 
	Title:	 	Duly Authorized	 	 	 
	 	 	KENOSIA CORPORATION	 
	 	 	By:	 	 	/s/ Brian Sisko
	Name:	 	Brian Sisko	 	 	 
	Title:	 	Duly Authorized	 	 	 
	 	 	GUPTA TECHNOLOGIES, LLC	 
	 	 	By:	 	 	/s/ Brian Sisko
	Name:	 	Brian Sisko	 	 	 
	Title:	 	Duly Authorized	 	 	 
	 	 	GUPTA TECHNOLOGIES GmbH	 
	 	 	By:	 	 	/s/ Brian Sisko
	Name:	 	Brian Sisko	 	 	 
	Title:	 	Duly Authorized	 	 	 
	 	 	GUPTA TECHNOLOGIES LTD.	 
	 	 	By:	 	 	/s/ Brian Sisko
	Name:	 	Brian Sisko	 	 	 
	Title:	 	Duly Authorized	 	 	 
	 	 	GUPTA TECHNOLOGIES, S.A. DE C.V.	 
	 	 	By:	 	 	/s/ Brian Sisko
	Name:	 	Brian Sisko
	Title:	 	Duly Authorized

[NOTEHOLDER SIGNATURE PAGE]

INTERCREDITOR AND SUBORDINATION AGREEMENT

IN WITNESS WHEREOF, the undersigned has executed this Intercreditor And Subordination
Agreement or caused its duly authorized officers to execute this Intercreditor And Subordination
Agreement as of the date first above written.

	 	 	 
	
 
	 	This Noteholder holds a Subordinated Note:
	Name:

Title:

	 	CAMOFI Master LDC

By:/s/ Jeffrey Haas

Jeffrey Haas

Duly Authorized
	 
	 	 
	
 
	 	This Noteholder holds a Subordinated Note:
	Name:

Title:

	 	Crestview Capital Master LLC

By:/s/ Robert Hoyt

Robert Hoyt

Duly Authorized
	 
	 	 
	
 
	 	[Signature Page to the Intercreditor Agreement]
	 
	 	 

1

SCHEDULE 1

PARTIES

PART 1

SUBSIDIARIES

	 	 	 
	NAME OF SUBSI

	 	DIARY
	 

	 	 

	 	 	 
	Gupta Technol

	 	ogies, LLC
	 

	 	 
	 
	 	 
	Gupta Technologies Austra

	 	lia Pty, Ltd.
	 

	 	 
	 
	 	 
	Gupta Technol

	 	ogies GmbH
	 

	 	 
	 
	 	 
	Gupta Technol

	 	ogies Ltd.
	 

	 	 
	 
	 	 
	Gupta Technol

	 	ogies S.A. de C.V.
	 

	 	 
	 
	 	 
	Warp Solution

	 	s, Inc.
	 

	 	 
	 
	 	 
	Warp Solution

	 	s, Ltd.
	 

	 	 
	 
	 	 
	6043577 Canad

	 	a, Inc.
	 

	 	 
	 
	 	 
	Spider Softwa

	 	re, Inc.
	 

	 	 

PART 2

LENDERS

	 	 	 
	NAME OF LENDE

	 	R
	 

	 	 

	 	 	 
	Fortress Cred

	 	it Corp.
	 

	 	 

PART 3

SUBORDINATED NOTEHOLDERS

2

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