Document:

Form of Security Agreement, dated as of February 9, 2007

 Exhibit 4.2 
 EXHIBIT E 
 SECURITY AGREEMENT 
 This SECURITY AGREEMENT, dated as of February 9, 2007 (as the same may be supplemented, modified, amended, restated or replaced from time to time in
the manner provided herein, this “Agreement”), is by and among Star Energy Corporation, a Nevada corporation (the “Company”), all of the Subsidiaries of the Company listed on the signature pages hereto (each
a “Guarantor” and collectively the “Guarantors”, and together with the Company, each a “Debtor” and collectively the “Debtors”), the Holders (as hereinafter defined) and Rodman &
Renshaw, LLC, as Collateral Agent (the “Agent”, and together with the Holders, each a “Secured Party” and collectively the “Secured Parties”, and together with the Debtors, each a “party” and
collectively the “parties”). 
 W I T N E S S E T H: 
 WHEREAS, the Company is a party to the Securities Purchase Agreement dated as of February 9, 2007 (as the same may be supplemented, modified,
amended, restated or replaced from time to time in the manner provided therein, the “Purchase Agreement”), with the “Purchasers” who are signatories thereto (as such term is defined therein), pursuant to which such
Purchasers (together with their respective successors and permitted assigns under the Debentures (as defined below), each a “Holder” and collectively the “Holders”) severally agreed to extend the loans to the
Company evidenced by the Company’s 8% Secured Convertible Debentures due February     , 2010, in the original aggregate principal amount of $7,500,000 and severally issued by the Company to the Holders on February
    , 2007 (as the same may be issued, supplemented, modified, amended, restated or replaced from time to time in the manner provided therein, each a “Debenture” and collectively, the
“Debentures”); 
 WHEREAS, the Guarantors have jointly and severally agreed to guarantee and act as surety for payment of
such Debentures pursuant to a certain Subsidiary Guarantee dated as of the date hereof (as the same may be supplemented, modified, amended, restated or replaced from time to time in the manner provided therein, the “Guarantee”); and

 WHEREAS, in order to induce the Secured Parties to extend the loans evidenced by the Debentures, each Debtor has agreed to execute and
deliver to the Secured Parties this Agreement and to grant each Secured Party, pari passu with each other Secured Party, which Secured Parties are acting through the Agent as their collateral agent, a security interest in certain personal
property of each such Debtor to secure the prompt payment, performance and discharge in full of all of the Company’s obligations under the Debentures and the Guarantors’ respective obligations under the Guarantee. 
 NOW, THEREFORE, in consideration of the agreements herein contained and for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties hereto hereby agree as follows: 
  

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 1. Certain Definitions. As used in this Agreement, the following terms shall have the meanings
set forth in this Section 1. Terms used but not otherwise defined in this Agreement that are defined in Article 9 of the UCC (such as “account”, “chattel paper”, “commercial tort claim”, “deposit
account”, “document”, “equipment”, “fixtures”, “general intangibles”, “goods”, “instruments”, “inventory”, “investment property”, “letter-of-credit
rights”, “proceeds” and “supporting obligations”) shall have the respective meanings given such terms in Article 9 of the UCC. Capitalized terms not otherwise defined herein shall have the meanings set forth in the Purchase
Agreement or other applicable Transaction Document (as such term is defined in the Purchase Document). 
 (a)
“Collateral” means all of the personal assets and personal property of each Debtor, including (without limitation) the following personal property of each Debtor, in each case whether presently owned or existing or hereafter
acquired or created, wherever situated, and all additions and accessions thereto and all substitutions and replacements thereof, and all proceeds, products and accounts thereof (including, without limitation, all proceeds from the sale or transfer
of the Collateral and of insurance covering the same and of any tort claims in connection therewith, and all dividends, interest, cash, notes, securities, equity interest or other property at any time and from time to time acquired, receivable or
otherwise distributed in respect of, or in exchange for, any or all of the Pledged Securities (as defined below)): 
  

	 	(i)	All goods, including, without limitation, (A) all machinery, equipment, computers, motor vehicles, trucks, tanks, boats, ships, appliances, furniture, special and general
tools, fixtures, test and quality control devices and other equipment of every kind and nature and wherever situated, together with all documents of title and documents representing the same, all additions and accessions thereto, replacements
therefor, all parts therefor, and all substitutes for any of the foregoing and all other goods used and useful in connection with any Debtor’s businesses and all improvements thereto; and (B) all inventory; 

  

	 	(ii)	All financial assets, security entitlements and contract rights and other general intangibles, including, without limitation, all partnership interests, membership interests, stock
or other securities, rights under any of the Organizational Documents, agreements related to the Pledged Securities, licenses, distribution and other agreements, computer software (whether “off-the-shelf”, licensed from any third party or
developed by any Debtor), computer software development rights, leases, franchises, customer lists, quality control procedures, grants and rights, goodwill, trademarks, service marks, trade styles, trade names, patents, patent applications,
copyrights, and income tax refunds; 

  

	 	(iii)	All accounts, together with all instruments evidencing such accounts, all documents of title representing any merchandising, goods, equipment, motor vehicles and trucks, all rights
in any merchandising, goods, equipment, motor vehicles and trucks which any of the same may represent, and all right, title, security and guaranties with respect to each account, including any right of stoppage in transit; 

 

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	 	(iv)	All documents, letter-of-credit rights, instruments and chattel paper; 

  

	 	(v)	All commercial tort claims; 

  

	 	(vi)	All deposit accounts and all cash (whether or not deposited in such deposit accounts); 

  

	 	(vii)	All investment property; 

  

	 	(viii)	All supporting obligations; 

  

	 	(ix)	All files, records, books of account, business papers, and computer programs; 

  

	 	(x)	All Intellectual Property; and 

  

	 	(xi)	the products and proceeds of all of the foregoing Collateral set forth in clauses (i)-(x) above. 

 Without limiting the generality of the foregoing, the “Collateral” shall include all investment property and general
intangibles respecting ownership and/or other equity interests issued by each Guarantor, issued to or owned by any Debtor, including, without limitation, the shares of capital stock and the other equity interests listed on Schedule H hereto
(as the same may be modified from time to time pursuant to the terms hereof), and any other shares of capital stock and/or other equity interests of any other direct or indirect subsidiary of any Debtor obtained in the future, and, in each case, all
certificates representing such shares and/or equity interests and, in each case, all rights, options, warrants, stock, other securities and/or equity interests that may hereafter be received, receivable or distributed in respect of, or exchanged
for, any of the foregoing and all rights arising under or in connection with the Pledged Securities, including, but not limited to, all dividends, interest and cash. 
 Notwithstanding the foregoing, nothing herein shall be deemed to constitute an assignment of any asset that, in the event of an
assignment, becomes void by operation of applicable law or the assignment of which is otherwise prohibited by applicable law (in each case to the extent that such applicable law is not overridden by Sections 9-406, 9-407 and/or 9-408 of the UCC or
other similar applicable law); provided, however, that to the fullest extent permitted by applicable law, this Agreement shall create a valid security interest in such asset and the products and proceeds thereof. 
 (b) “Intellectual Property” means the collective reference to all rights, priorities and privileges relating to
intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including, without limitation, (i) all copyrights arising under the laws of the United States, any other country or any political
subdivision thereof, whether registered or unregistered and whether published or unpublished, all registrations and recordings thereof, and all applications in connection therewith, including, without limitation, all registrations, recordings and
applications in the United States Copyright Office, (ii) all letters patent of the United States, any other 

  

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country or any political subdivision thereof, all reissues and extensions thereof, and all applications for letters patent of the United States or any other
country and all divisions, continuations and continuations-in-part thereof, (iii) all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade dress, service marks, logos, domain names and other
source or business identifiers, and all goodwill associated therewith, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all applications in connection therewith, whether in the United States Patent and
Trademark Office or in any similar office or agency of the United States, any state thereof or any other country or any political subdivision thereof, or otherwise, and all common law rights related thereto, (iv) all trade secrets arising under
the laws of the United States, any other country or any political subdivision thereof, (v) all rights to obtain any reissues, renewals or extensions of the foregoing, (vi) all licenses for any of the foregoing, and (vii) all causes of
action for infringement of the foregoing. 
 (c) “Majority in Interest” means, at any time of determination,
the majority in interest (based on then-outstanding principal amounts of Debentures at the time of such determination) of the Secured Parties. 
 (d) “Necessary Endorsement” means undated stock powers endorsed in blank or other proper instruments of assignment duly executed and such other instruments or documents as the Agent (as that term is
defined below) may reasonably request. 
 (e) “Lien” shall have the meaning assigned to such term in the
Purchase Agreement. 
 (f) “Obligations” means all of the liabilities and obligations (primary, secondary,
direct, contingent, sole, joint or several) due or to become due, or that are now or may be hereafter contracted or acquired, or owing, from any Debtor to the Secured Parties, including, without limitation, all obligations under this Agreement, the
Purchase Agreement, the Debentures, the Guarantee and any other instruments, agreements or other documents executed and/or delivered in connection herewith or therewith, in each case, whether now or hereafter existing, voluntary or involuntary,
direct or indirect, absolute or contingent, liquidated or unliquidated, whether or not jointly owed with others, and whether or not from time to time decreased or extinguished and later increased, created or incurred, and all or any portion of such
obligations or liabilities that are paid, to the extent all or any part of such payment is avoided or recovered directly or indirectly from any of the Secured Parties as a preference, fraudulent transfer or otherwise as such obligations may be
amended, supplemented, converted, extended or modified from time to time. Without limiting the generality of the foregoing, the term “Obligations” shall include, without limitation: (i) principal of, and interest on, the Debentures
and the loans extended pursuant thereto; (ii) any and all other fees, indemnities, costs, obligations and liabilities of the Debtors from time to time under or in connection with this Agreement, the Purchase Agreement, the Debentures, the
Guarantee and any other instruments, agreements or other documents executed and/or delivered in connection herewith or therewith; and (iii) all amounts (including but not limited to post-petition 

  

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interest) in respect of the foregoing that would be payable but for the fact that the obligations to pay such amounts are unenforceable or not allowable due
to the existence of a bankruptcy, reorganization or similar proceeding involving any Debtor. 
 (g) “Organizational
Documents” means with respect to any Debtor, the documents by which such Debtor was organized (such as a certificate of incorporation, certificate of limited partnership or articles of organization, and including, without limitation, any
certificates of designation for preferred stock or other forms of preferred equity) and which relate to the internal governance of such Debtor (such as bylaws, a partnership agreement or an operating, limited liability or members agreement), in each
case as the same may be supplemented, modified, amended, restated or replaced from time to time in the manner provided therein. 
 (h) “Permitted Lien” shall have the meaning assigned to such term in the Debenture. 
 (i)
“Pledged Securities” shall have the meaning ascribed to such term in Section 4(i). 
 (j)
“UCC” means the Uniform Commercial Code of the State of New York and or any other applicable law of any state or states which has jurisdiction with respect to all, or any portion of, the Collateral or this Agreement, from time to
time. It is the intent of the parties that defined terms in the UCC should be construed in their broadest sense so that the term “Collateral” will be construed in its broadest sense. Accordingly if there are, from time to time, changes to
defined terms in the UCC that broaden the definitions, they are incorporated herein and if existing definitions in the UCC are broader than the amended definitions, the existing ones shall be controlling. 
 2. Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans as evidenced by the Debentures and to
secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to each Secured Party and to the Agent (for
the benefit of the Secured Parties) a continuing security interest in and to, a lien upon and a right of set-off against, all of their respective right, title and interest of whatsoever kind and nature in and to the Collateral (a “Security
Interest” and collectively, the “Security Interests”). 
 3. Delivery of Certain Collateral.
Contemporaneously or prior to the execution of this Agreement, each Debtor shall deliver or cause to be delivered to the Agent (a) any and all certificates and other instruments representing or evidencing ownership of the Pledged Securities,
and (b) any and all title certificates and other instruments or documents representing ownership any of the other Collateral, in each case, together with all Necessary Endorsements. The Debtors are, contemporaneously with the execution hereof,
delivering to Agent, or have previously delivered to Agent, a true and correct copy of each Organizational Document governing the issuer of any of the Pledged Securities. 
  

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 4. Representations, Warranties, Covenants and Agreements of the Debtors. Except as otherwise set
forth in the corresponding section of the disclosure schedules delivered to the Secured Parties concurrently herewith (the “Disclosure Schedules”), which Disclosure Schedules shall be deemed a part hereof and incorporated herein by
reference, each Debtor represents and warrants to, and covenants and agrees with, the Secured Parties as follows as of the date hereof (unless otherwise indicated) and solely with respect to itself: 
  

	 	(a)	Each Debtor has the requisite corporate, partnership, limited liability company or other entity power and authority to enter into this Agreement and otherwise to carry out its
obligations hereunder. The execution, delivery and performance by each Debtor of this Agreement and the filings contemplated therein have been duly authorized by all necessary action on the part of such Debtor and no further action is required by
such Debtor. This Agreement has been duly executed by each Debtor. This Agreement constitutes the legal, valid and binding obligation of each Debtor, enforceable against each Debtor in accordance with its terms, except (i) as limited by general
equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of
specific performance, injunctive relief or other equitable remedies, (iii) insofar as indemnification and contribution provisions contained herein may be limited by applicable law, and (iv) insofar as certain elections, waivers and
agreements to vary statutory provisions may be impermissible under the UCC and other applicable law (clauses (i) through (iv) may be referred to collectively as the “Enforceability Limits”). 

  

	 	(b)	The Debtors have no place of business or offices where their respective books of account and records are kept (other than temporarily at the offices of its attorneys or accountants)
or places where Collateral is stored or located, except as set forth on Schedule A attached hereto. Except as specifically set forth on Schedule A, each Debtor is the named leasehold tenant or record owner of the real property where
such Collateral is located. Except as disclosed on Schedule A, none of such Collateral is in the possession of any consignee, bailee, warehouseman, agent or processor. 

  

	 	(c)	Except for Permitted Liens and except as set forth on Schedule B attached hereto, the Debtors are the sole owner of the Collateral (except for non-exclusive licenses granted
by any Debtor in the ordinary course of business), free and clear of any liens, security interests, encumbrances, rights or claims, and are fully authorized to grant the Security Interests. Except as set forth on Schedule B attached hereto or
in connection with the Permitted Liens, the Debtors have not authorized the filing of an effective financing statement, security agreement, collateral assignment or any notice of any of the foregoing (other than those that will be filed in favor of
the Secured Parties or Agent pursuant to this Agreement) covering or affecting any of the Collateral in any United States governmental or regulatory authority, agency or recording office. Except as set forth on Schedule B attached hereto and
except pursuant to this Agreement, as long as this Agreement shall be in effect, the Debtors shall not execute and shall not knowingly permit to be on file in any such authority, agency or recording office any other financing statement or other
document or instrument (except to the extent filed or recorded with respect to a Permitted Lien or in favor of the Secured Parties pursuant to the terms of this Agreement). 

  

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	 	(d)	No written claim has been received by any Debtor that any Collateral or such Debtor’s use of any Collateral violates the rights of any third party. There has been no adverse
decision to any Debtor’s claim of ownership rights in or exclusive rights to use the Collateral in any jurisdiction or to any Debtor’s right to keep and maintain such Collateral in full force and effect, and there is no Proceeding
involving said rights pending or, to the knowledge of any Debtor, threatened before any court, judicial body, administrative or regulatory agency, arbitrator or other governmental authority. 

  

	 	(e)	Each Debtor shall at all times maintain its books of account and records relating to the Collateral at its principal place of business and its Collateral at the locations set forth
on Schedule A attached hereto and may not relocate such books of account and records or tangible Collateral to any location not listed on such Schedule unless it delivers to the Secured Parties at least 30 days prior to such relocation
(i) written notice of such relocation and the new location thereof (which must be within the United States if such Collateral were previously located within the United States) and (ii) evidence that appropriate financing statements under
the UCC and other necessary documents have been filed and recorded and other steps have been taken to perfect the Security Interests to create in favor of the Secured Parties a valid, perfected and continuing perfected first priority lien in the
Collateral. 

  

	 	(f)	This Agreement creates in favor of the Secured Parties an effective security interest in the Collateral, subject only to Permitted Liens securing the payment and performance of the
Obligations. Upon making the filings described in the immediately following paragraph, all Security Interests that may be perfected within the United States by filing UCC financing statements shall have been duly perfected. Except for the filing of
UCC financing statements, the execution and delivery of deposit account and securities account control agreements satisfying the requirements of the UCC with respect to each deposit account and securities account of the Debtors located or deemed
located within the United States, the delivery of the certificates and other instruments provided in Section 3, the delivery of other Collateral perfected through possession (such as money), and the Enforceability Limits noted above,
(i) no authorization, approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required, (ii) no consent of any other third parties is required, and (iii) no other action on the
part of the Company or Secured Parties is required for (A) the execution, delivery and performance of this Agreement, (B) the creation or perfection under the UCC of the Security Interests created hereunder in the Collateral located or
deemed located in the United States, or (C) the enforcement of the rights of the Agent and the Secured Parties hereunder in the Collateral located or deemed located in the United States. 

  

	 	(g)	 Each Debtor hereby authorizes the Agent to file from time to time one or more financing statements, continuation statements and amendments thereto under the UCC
with respect to the Security Interests with the proper filing and recording agencies in any United States jurisdiction deemed proper by it and ratifies the authority of the Agent to have 

  

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made any such filing made prior to the date hereof. Each Debtor acknowledges and agrees that such financing statements will be filed without the signature of
such Debtor where required or permitted by applicable law and may (but need not) describe the Collateral as “all assets” or “all personal property” or words of like import. 

  

	 	(h)	The execution, delivery and performance of this Agreement by the Debtors does not (i) violate any of the provisions of any Organizational Documents of any Debtor or any
judgment, decree, order or award of any court, governmental body or arbitrator or any applicable law, rule or regulation applicable to any Debtor or (ii) constitute a default (or an event that with notice or lapse of time or both would become a
default) under, or give to others any commercially reasonable right of termination, material amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any agreement, credit facility, debt or other instrument or
enforceable understanding evidencing any Debtor’s material debt or other material obligations to which any Debtor is a party or by which any material property or asset of any Debtor is bound or affected. If any, all required consents under such
agreement, credit facility, debt or other instrument or enforceable understanding (including, without limitation, from stockholders or creditors of any Debtor) necessary for any Debtor to enter into and perform its obligations hereunder have been
obtained. 

  

	 	(i)	The capital stock and other equity interests listed on Schedule H hereto (the “Pledged Securities”) represent all of the capital stock and other equity
interests in each of the direct and indirect subsidiaries of the Company, each of whom is one of the Guarantors, and represent all capital stock and other equity interests owned, directly or indirectly, by the Company. All of the Pledged Securities
are validly issued, fully paid and nonassessable (which with respect to any non-U.S. Subsidiary is to the best knowledge of the Company and such non-U.S. Subsidiary), and the Company is the legal and beneficial owner of the Pledged Securities, free
and clear of any lien, security interest or other encumbrance except for the security interests created by this Agreement and other Permitted Liens. 

  

	 	(j)	The ownership and other equity interests in partnerships and limited liability companies (if any) included in the Collateral (the “Pledged Interests”) by their
express terms do not provide that they are securities governed by Article 8 of the UCC and are not held in a securities account or by any financial intermediary. 

  

	 	(k)	 Except for Permitted Liens and Permitted Dispositions (as hereinafter defined), each Debtor shall at all times maintain the liens and Security Interests provided
for hereunder as valid and perfected first priority liens and security interests in the Collateral in favor of the Secured Parties until this Agreement and the Security Interest hereunder shall be terminated [or released] pursuant to Section 14
hereof. Each Debtor hereby agrees to defend the same against the claims of any and all persons and entities, and to safeguard and protect all Collateral for the account of the Secured Parties, other than from those with Permitted Liens and from
Permitted Dispositions. At the request of the Agent, each Debtor will sign, if necessary, and deliver to the Agent on behalf of the Secured Parties at any time or from time to time one or more financing statements pursuant to the UCC in 

  

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form reasonably satisfactory to the Agent and will pay the cost of filing the same in all public offices wherever filing is, or is deemed by the Agent to be,
necessary or desirable to effect the rights and obligations provided for herein. Without limiting the generality of the foregoing, each Debtor shall pay all fees, taxes and other amounts necessary to maintain the Collateral and the Security
Interests hereunder, and each Debtor shall obtain and furnish to the Agent from time to time, upon demand, such releases and/or subordinations of claims and liens which may be required to maintain the priority of the Security Interests required
hereunder. 

  

	 	(l)	No Debtor will transfer, pledge, hypothecate, encumber, license, sell or otherwise dispose of any of the Collateral without the prior written consent of a Majority in Interest,
except for (i) the Permitted Liens, (ii) non-exclusive licenses granted by the Debtors in the ordinary course of business, (iii) the sale, lease, consumption or other disposition of inventory, equipment or other goods by the Debtors
in the ordinary course of business, (iv) the collection and reasonable compromise and settlement of accounts, indebtedness, insurance claims, tort liability and contractual claims, and other obligations owed to one or more of them by the
Debtors in an amount less than $100,000, and (v) the receipt, possession, retention and use of all proceeds of the foregoing and other money and financial assets in the possession or accounts of the Debtors in the ordinary course of business
(clauses (ii) through (v) will be referred to collectively as the “Permitted Dispositions”). 

  

	 	(m)	Each Debtor shall keep and preserve its equipment, inventory and other tangible Collateral in good condition, repair and order, ordinary wear and tear and reasonable retirement
excepted, other than as such assets may have been consumed or disposed of in accordance with this Agreement, and shall not operate or locate any such Collateral (or cause to be operated or located) in any area excluded from the applicable insurance
coverage. 

  

	 	(n)	 Each Debtor shall maintain with financially sound and reputable insurers, insurance with respect to the Collateral, including Collateral hereafter acquired, against
loss or damage of the kinds and in the amounts customarily insured against by entities of established reputation having similar properties similarly situated and in such amounts as are customarily carried under similar circumstances by other such
entities and otherwise as is prudent for entities engaged in similar businesses but in any event sufficient to cover the full replacement cost thereof. Each Debtor shall cause each insurance policy issued in connection herewith to provide, and the
insurer issuing such policy to certify to the Agent that: (a) the Agent will be named as loss payee and an additional insured under each such insurance policy [(as its interest may appear)]; (b) if such insurance be proposed to be
cancelled or materially changed for any reason whatsoever, such insurer will promptly notify the Agent and such cancellation or change shall not be effective as to the Agent for at least thirty (30) days after receipt by the Agent of such
notice, unless the effect of such change is to extend or increase coverage under the policy; and (c) the Agent will have the right (but no obligation) at its election to remedy any default in the payment of premiums within thirty (30) days
of notice from the insurer of such default. If no Event of Default (as defined in the Debentures) exists and if the proceeds arising out of any claim or series 

  

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of related claims do not exceed $300,000, loss payments in each instance (to the extent received) will be delivered by the Agent to the applicable Debtor and
applied by the applicable Debtor to the repair and/or replacement of property with respect to which the loss was incurred to the extent reasonably feasible, and any loss payments or the balance thereof remaining, to the extent not so applied, may be
retained by the applicable Debtor, provided, however, that payments received by any Debtor after an Event of Default occurs and is continuing without being waived by the Holder or cured by the Company or in excess of $300,000 for any occurrence or
series of related occurrences shall be paid to the Agent on behalf of the Secured Parties, and if received by such Debtor, shall be held in trust for the Secured Parties and immediately paid over to the Agent unless otherwise directed in writing by
the Agent. Copies of such policies or the related certificates, in each case, naming the Agent as loss payee and additional insured [(as its interest may appear)] shall be delivered to the Agent at least annually and at the time any new policy of
insurance is issued. 

  

	 	(o)	Each Debtor shall, within ten (10) days of obtaining knowledge thereof, promptly advise the Secured Parties, in sufficient detail, of any material adverse change in the
Collateral, and of the occurrence of any event which would have a material adverse effect on the value of the Collateral or on the Security Interests therein. 

  

	 	(p)	Except as otherwise provided in this Agreement, each Debtor shall promptly execute and deliver to the Agent such further assignments, security agreements, financing statements or
other instruments, documents, certificates and assurances and take such further action as the Agent may from time to time request and may in its sole discretion deem necessary to perfect, protect or enforce the Security Interests as contemplated
hereunder, including, without limitation, if applicable, the execution and delivery of a separate security agreement with respect to each item of each Debtor’s Intellectual Property having material value (as the same may be executed and
thereafter supplemented, modified, amended, restated or replaced from time to time in the manner provided therein, an “Intellectual Property Security Agreement”) in which the Secured Parties have been granted a Security Interest
hereunder, substantially in a form reasonably acceptable to the Agent, which Intellectual Property Security Agreement, other than as stated therein, shall be subject to all of the terms and conditions hereof. 

  

	 	(q)	Each Debtor shall permit the Agent and its representatives and agents to inspect the Collateral during normal business hours and upon reasonable prior notice, and to make copies of
records pertaining to the Collateral as may be reasonably requested by the Agent from time to time. 

  

	 	(r)	Each Debtor shall take all steps reasonably necessary to diligently pursue and seek to preserve, enforce and collect any rights, claims, causes of action and accounts receivable in
respect of the Collateral other than with respect to Permitted Liens and Permitted Dispositions. 

  

	 	(s)	 Each Debtor shall promptly notify the Secured Parties in sufficient detail upon becoming aware of any attachment, garnishment, execution or other legal process
levied against any 

  

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material part of the Collateral and of any other information received by such Debtor that could reasonably be expected to materially affect (i) the
value of the Collateral, (ii) the existence, perfection or priority of the Security Interests contemplated hereunder or (iii) the rights and remedies of the Agent or Secured Parties hereunder. 

  

	 	(t)	All information heretofore, herein or hereafter supplied to the Secured Parties by or on behalf of any Debtor with respect to the Collateral is, and shall be, accurate and complete
in all material respects as of the date indicated, or if no date is indicated, as of the date furnished (it being understood that the most recent such information supersedes prior information as to the same matters). 

  

	 	(u)	The Debtors shall at all times preserve and keep in full force and effect their respective valid existence and good standing and any rights and franchises material to its business.

  

	 	(v)	No Debtor will change its name, type of organization, jurisdiction of organization, organizational identification number (if it has one), legal structure or identity, or add any new
fictitious name, unless it provides at least 30 days prior written notice to the Agent of such change and, at the time of such written notification, such Debtor provides any financing statements or fixture filings necessary to perfect and continue
the perfection of the Security Interests granted and evidenced by this Agreement. 

  

	 	(w)	Except in the ordinary course of business or as required by applicable law, no Debtor may consign any of its inventory or sell any of its inventory on bill and hold, sale or return,
sale on approval, or other conditional terms of sale without the consent of the Agent, which shall not be unreasonably withheld. 

  

	 	(x)	No Debtor may relocate its chief executive office to a new location without providing 30 days prior written notification thereof to the Secured Parties, and so long as, at the time
of such written notification, such Debtor provides any financing statements or fixture filings necessary to perfect and continue the perfection of the Security Interests granted and evidenced by this Agreement. 

  

	 	(y)	Each Debtor was organized and remains organized solely under the laws of the state or other jurisdiction set forth next to such Debtor’s name in Schedule D attached
hereto, which Schedule D sets forth each Debtor’s organizational identification number or, if any Debtor does not have one, specifies that one does not exist. 

  

	 	(z)	(i) The actual and complete legal name of each Debtor is the name set forth in Schedule D attached hereto; (ii) no Debtor has any trade names except as set forth on
Schedule E attached hereto; (iii) no Debtor has used any name other than that stated in the preamble hereto or as set forth on Schedule E for the preceding five years; and (iv) no entity has merged or consolidated into any
Debtor or been acquired by any Debtor within the past five years except as set forth on Schedule E. 

  

	 	(aa)	 At any time and from time to time that any Collateral consists of instruments, certificated securities or other items that require possession under applicable law
by the secured party 

  

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in order to perfect the Security Interest therein, the applicable Debtor shall deliver such Collateral to the Agent, excluding those items subject to any of
the Permitted Liens or Permitted Dispositions. 

  

	 	(bb)	Each Debtor, in its capacity as an issuer of Pledged Securities, hereby agrees to comply with any and all orders and instructions of Agent regarding the Pledged Securities issued by
it consistent with the terms of this Agreement without the further consent of any Debtor as contemplated by Section 8-106 (or any successor section) of the UCC. Further, each Debtor agrees that it shall not enter into a similar agreement (or an
agreement that would confer “control” within the meaning of Article 8 of the UCC) with any other person or entity. 

  

	 	(cc)	Each Debtor shall cause all tangible chattel paper constituting Collateral to be delivered to the Agent, or if such delivery is not practical, then to cause such tangible chattel
paper to contain a legend noting that it is subject to the Security Interest. To the extent that any Collateral consists of electronic chattel paper, the applicable Debtor shall cause the underlying chattel paper to be “marked” respecting
such Security Interest within the meaning of Section 9-105 of the UCC (or successor section thereto). 

  

	 	(dd)	If there is any investment property or deposit account included as Collateral that can be perfected by “control” through an account control agreement, the applicable
Debtor shall cause such an account control agreement, all upon the terms of this Agreement, in form and substance in each case reasonably satisfactory to the Agent, to be entered into and delivered to the Agent for the benefit of the Secured
Parties. Such agreements shall expressly permit the applicable Permitted Dispositions unless and until the Agent gives the holder and Debtors specific written notice to the contrary during the continuance of an Event of Default.

  

	 	(ee)	To the extent that any Collateral consists of letter-of-credit rights, the applicable Debtor shall use its reasonable best efforts to cause the issuer of each underlying letter of
credit to consent to an assignment of the proceeds thereof to the Secured Parties. 

  

	 	(ff)	To the extent that any material Collateral is in the possession of any third party, the applicable Debtor shall promptly provide notice to the Agent of such possession and shall
join with the Agent in notifying such third party of the Secured Parties’ security interest in such Collateral and shall use its best efforts to obtain an acknowledgement and agreement of the Security Interest therein from such third party with
respect to the Collateral, all upon the terms of this Agreement, in form and substance satisfactory to the Agent. 

  

	 	(gg)	If any Debtor shall at any time hold or acquire a commercial tort claim, such Debtor shall promptly notify the Agent in a writing signed by such Debtor of the particulars thereof
and (at the Agent’s request) grant to the Secured Parties in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to
the Agent. 

  

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	 	(hh)	Each Debtor shall immediately provide written notice to the Secured Parties of any and all material accounts that arise out of contracts with any governmental authority and, to the
extent necessary to perfect or continue the perfected status of the Security Interests in such accounts and proceeds thereof, shall execute and deliver to the Agent a collateral assignment of claims for such accounts, all upon the terms of this
Agreement, and cooperate with the Agent in taking any other steps required, in its judgment, under the Federal Assignment of Claims Act or any similar federal, state or local statute or rule to perfect or continue the perfected status of the
Security Interests in such accounts and proceeds thereof. 

  

	 	(ii)	Each Debtor shall cause each subsidiary of such Debtor that becomes a Guarantor to also immediately become a party hereto (an “Additional Debtor”), by executing and
delivering an Additional Debtor Joinder in substantially the form of Annex A attached hereto and comply with the provisions hereof applicable to the Debtors. Concurrent therewith, the Additional Debtor shall deliver replacement schedules for,
or supplements to, all other Schedules to (or referred to in) this Agreement, as applicable, which replacement schedules shall supersede, or supplements shall modify, the Schedules then in effect. The Additional Debtor shall also deliver such
opinions of counsel, authorizing resolutions, good standing certificates, incumbency certificates, organizational documents, financing statements and other information and documentation as the Agent may reasonably request. Upon delivery of the
foregoing to the Agent, the Additional Debtor shall be and become a party to this Agreement with the same rights and obligations as the Debtors, for all purposes hereof as fully and to the same extent as if it were an original signatory hereto and
shall be deemed to have made the representations, warranties and covenants set forth herein as of the date of execution and delivery of such Additional Debtor Joinder, and all references herein to the “Debtor” or “Debtors” shall
be deemed to include each Additional Debtor. 

  

	 	(jj)	Each Debtor agrees to not vote its ownership interests in the Pledged Securities, to the extent matters are presented to it from time to time, in such a manner as to cause an Event
of Default under this Agreement or the Debentures, provided that such agreement shall not require the Debtor or its representatives to breach any fiduciary duty to another Person. 

  

	 	(jj)	Each Debtor shall register the pledge of the applicable Pledged Securities on the books of such Debtor. Each Debtor hereby notifies each other Debtor that is the issuer of Pledged
Securities to register the pledge of the applicable Pledged Securities in the name of the Secured Parties on the books of such Debtor that is an issuer of Pledged Securities. Further, except with respect to certificated securities delivered to the
Agent, each issuing Debtor hereby acknowledges such pledge and confirms that: (a) it has registered the pledge on its books and records; and (b) at any time directed by Agent during the continuation of an Event of Default, such issuer
(with the understanding and agreement of the Secured Parties that such Pledged Securities will continue to constitute Collateral subject to this Agreement and applicable law notwithstanding any of the following) will transfer the record ownership of
such Pledged Securities into the name of any designee of Agent for perfection and protection purposes, will take such steps as may be necessary to effect the transfer, and will comply with all other instructions of Agent regarding such Pledged
Securities without the further consent of the applicable Debtor. 

  

 -13- 

	 	(kk)	In the event that, upon an occurrence of an Event of Default, Agent shall sell all or any of the Pledged Securities to another party or parties (herein called the
“Transferee”), or any Secured Party shall purchase or retain all or any of the Pledged Securities, in each case in accordance with this Agreement and applicable law, each Debtor shall, to the extent applicable: (i) deliver to
Agent or the Transferee, as the case may be, the articles of incorporation, bylaws, minute books, stock certificate books, corporate seals, deeds, leases, indentures, agreements, evidences of indebtedness, books of account, financial records and all
other Organizational Documents and records of the issuer of such Pledged Securities and its direct and indirect subsidiaries; (ii) use its best efforts to obtain resignations of the persons then serving as officers and directors of the issuer
of such Pledged Securities and their direct and indirect subsidiaries, if so requested; and (iii) use its best efforts to obtain any approvals that are required by any governmental or regulatory body in order to permit the sale of the Pledged
Securities to the Transferee or the purchase or retention of the Pledged Securities by Agent and allow the Transferee or Agent to continue the business of the issuer of the Pledged Securities and its direct and indirect subsidiaries.

  

	 	(mm)	Without limiting the generality of the other obligations of the Debtors hereunder, each Debtor shall promptly (i) if any Security Interest has been granted hereunder in any
material copyright for which registration under the federal laws of the United States is available, cause to be registered at the United States Copyright Office an Intellectual Property Security Agreement (as defined above) respecting the Security
Interest created hereunder in all of its material copyrights, for which registration under the federal laws of the United States is available, (ii) if any Security Interest has been granted hereunder in any material patent or trademark for
which registration under the federal laws of the United States is available, cause to be registered at the United States Patent and Trademark Office an Intellectual Property Security Agreement respecting the Security Interest created hereunder in
all of its material patents and trademarks for which registration under the federal laws of the United States is available, and (iii) give the Agent notice whenever it acquires (whether absolutely or by recordable and transferable license) or
creates any additional material Intellectual Property for which registration under the federal laws of the United States is available. 

  

	 	(nn)	Each Debtor will from time to time, at the joint and several expense of the Debtors, promptly execute and deliver all such further instruments and documents, and take all such
further action as may be necessary, or as the Agent may reasonably request, in order to perfect and protect, all upon the terms of this Agreement, any security interest granted or purported to be granted hereby or to enable the Secured Parties to
exercise and enforce their rights and remedies hereunder in accordance herewith and with respect to any Collateral or to otherwise carry out the purposes of this Agreement. 

  

	 	(oo)	 Schedule F attached hereto lists all of the material patents, patent applications, trademarks, trademark applications, registered copyrights, and domain
names owned by any of the Debtors as of the date hereof. Schedule F lists all material licenses in favor of 

  

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any Debtor for the use of any patents, trademarks, copyrights and domain names as of the date hereof. All material patents and trademarks of the Debtors for
which registration under the federal laws of the United States of America is available have been duly recorded at the United States Patent and Trademark Office and all material copyrights of the Debtors for which registration under the federal laws
of the United States is available have been duly recorded at the United States Copyright Office. 

  

	 	(pp)	Except as set forth on Schedule G attached hereto, none of the account debtors or other persons or entities obligated on any of the Collateral is a governmental authority
covered by the Federal Assignment of Claims Act or any similar federal, state or local statute or rule of the United States in respect of such Collateral. 

 5. Effect of Pledge on Certain Rights. If any of the Collateral subject to this Agreement consists of nonvoting equity or ownership interests (regardless of class, designation, preference or rights) that
may be converted into voting equity or ownership interests upon the occurrence of certain events (including, without limitation, upon the transfer of all or any of the other stock or assets of the issuer), it is agreed that the pledge of such equity
or ownership interests pursuant to this Agreement or the enforcement of any of Agent’s rights hereunder shall not be deemed to be the type of event which would trigger such conversion rights notwithstanding any provisions in the Organizational
Documents or agreements to which any Debtor is subject or to which any Debtor is party. 
 6. Defaults. The following events shall be
“Events of Default”: 
 (a) The occurrence and continuance of an Event of Default (as defined in the
Debentures) that is not waived by the Holder or cured by the Company under the Debentures; 
 (b) Any representation or
warranty of any Debtor in this Agreement shall prove to have been incorrect in any material respect when made; 
 (c) The
failure by any Debtor to observe or perform any of its obligations hereunder for five (5) Business Days after delivery to such Debtor of notice of such failure by or on behalf of a Secured Party unless such default is capable of cure but cannot
be cured within such time frame and such Debtor is using reasonable best efforts to cure same in a timely fashion; or 
 (d)
If any material provision of this Agreement shall at any time for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by any Debtor, or a proceeding shall be commenced by any Debtor, or by any
governmental authority having jurisdiction over any Debtor, seeking to establish the invalidity or unenforceability thereof, or any Debtor shall deny that any Debtor has any liability or obligation purported to be created under this Agreement.

  

 -15- 

 7. Duty To Hold In Trust. 
 (a) Upon the occurrence and continuance of any Event of Default that is not waived by the Holder or cured by the Company, each Debtor shall, upon receipt
of any revenue, income, dividend, interest or other sums subject to the Security Interests, whether payable pursuant to the Debentures or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay
any such sum, hold the same in trust for the Secured Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Agent, who in turn shall remit the same to the Secured Parties, pro rata in proportion to
their respective then-currently outstanding principal amount of the remaining Debentures, for application to the satisfaction of the Obligations (and if any Debentures are not outstanding, pro rata in proportion to the initial purchases of
the remaining Debentures). 
 (b) If any Debtor shall become entitled to receive or shall receive any securities or other investment
property (including, without limitation, shares of Pledged Securities or instruments representing Pledged Securities acquired after the date hereof, or any options, warrants, rights or other similar property or certificates representing a dividend,
or any distribution in connection with any recapitalization, reclassification or increase or reduction of capital, or issued in connection with any reorganization of such Debtor or any of its direct or indirect subsidiaries) in respect of the
Pledged Securities (whether as an addition to, in substitution of, or in exchange for, such Pledged Securities or otherwise), such Debtor agrees to (i) hold the same in trust on behalf of and for the benefit of the Secured Parties; and
(ii) to deliver any and all certificates or instruments evidencing the same to Agent on or before the close of business on the fifth Business Day following the receipt thereof by such Debtor, in the exact form received together with the
Necessary Endorsements, to be held by Agent subject to the terms of this Agreement as Collateral. 
 8. Rights and Remedies Upon
Default. 
 (a) Upon the occurrence and continuance of any Event of Default that is not waived by the Holder or cured by the Company, the
Agent (for the benefit of the Secured Parties) shall have the right to exercise all of the remedies conferred on the Agent and Holders under this Agreement and the Debentures (whether or not such rights are assigned specifically to a
“Holder”, “Secured Party” or “Agent”), and shall have all the rights and remedies of a secured party under the UCC. Without limitation, the Agent, for the benefit of the Secured Parties, shall have the following rights
and powers to the fullest extent permitted by applicable law: 
  

	(i)	The Agent shall have the right to take possession of the Collateral, and, for that purpose, to enter, with the aid and assistance of any person, any premises where the Collateral,
or any part thereof, is located and remove the same, and at the request of the Agent, each Debtor shall assemble the Collateral and make it available to the Agent at places which the Agent shall reasonably select, whether at such Debtor’s
premises or elsewhere, and make available to the Agent, without rent, all of such Debtor’s respective premises and facilities for the purpose of the Agent taking possession of, removing or putting the Collateral in saleable or disposable form.

  

	(ii)	 Upon notice to the Debtors by Agent, all rights of each Debtor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise
and all rights of 

  

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each Debtor to receive the dividends and interest which it would otherwise be authorized to receive and retain, shall cease. Upon such notice, Agent shall
have the right to receive, for the benefit of the Secured Parties, any interest, cash dividends or other payments on the Collateral and, at the option of Agent, to exercise in such Agent’s discretion all voting rights pertaining thereto.
Without limiting the generality of the foregoing, Agent shall have the right (but not the obligation) to exercise all rights with respect to the Collateral as it were the sole and absolute owner thereof, including, without limitation, to vote and/or
to exchange, at its sole discretion, any or all of the Collateral in connection with a merger, reorganization, consolidation, recapitalization or other readjustment concerning or involving the Collateral or any Debtor or any of its direct or
indirect subsidiaries. 

  

	(iii)	The Agent shall have the right to operate the business of each Debtor using the Collateral and shall have the right to assign, sell, lease or otherwise dispose of and deliver all or
any part of the Collateral, at public or private sale or otherwise, either with or without special conditions or stipulations, for cash or on credit or for future delivery, in such parcel or parcels and at such time or times and at such place or
places, and upon such terms and conditions as the Agent shall deem commercially reasonable, all without (except as shall be required by applicable statute and cannot be waived) advertisement or demand upon or notice to any Debtor or right of
redemption of a Debtor, which are hereby expressly waived. Upon each such sale, lease, assignment or other transfer of Collateral, the Agent, for the benefit of the Secured Parties, may, unless prohibited by any applicable law that cannot be waived
in this Agreement, purchase all or any part of the Collateral being sold, free from and discharged of all trusts, claims, right of redemption and equities of any Debtor, which are hereby waived and released. 

  

	(iv)	The Agent shall have the right (but not the obligation) to notify any account debtors and any obligors under instruments or accounts to make payments directly to the Agent, on
behalf of the Secured Parties, and to enforce the Debtors’ rights against such account debtors and obligors. 

  

	(v)	The Agent, for the benefit of the Secured Parties, may (but is not obligated to) direct any financial intermediary or any other person or entity holding any investment property to
transfer the same to the Agent, on behalf of the Secured Parties, or its designee to hold as Collateral pursuant hereto. 

  

	(vi)	The Agent may (but is not obligated to) transfer any or all Intellectual Property registered in the name of any Debtor at the United States Patent and Trademark Office and/or
Copyright Office into the name of any purchaser of any Collateral. 

 (b) The Agent shall comply with any applicable law in
connection with a disposition of Collateral and such compliance will not be considered adversely to affect the commercial reasonableness of any sale of the Collateral. The Agent may sell the Collateral as provided herein without giving any
warranties and may specifically disclaim such warranties. The Agent may sell the Collateral as provided herein on commercially reasonable credit terms, and if the Agent sells any of the Collateral on credit, the Debtors will only be credited with
payments actually made by the purchaser. In addition, each Debtor waives any and all rights that 

  

 -17- 

 
it may have to a judicial hearing in advance of the enforcement of any of the Agent’s rights and remedies hereunder, including, without limitation, its
right following an Event of Default to take immediate possession of the Collateral and to exercise its rights and remedies with respect thereto. 
 (c) For the purpose of enabling the Agent to further exercise rights and remedies under this Section 8 or elsewhere provided by agreement or applicable law, each Debtor hereby grants to the Agent, for the benefit of the Agent and the
Secured Parties, an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to such Debtor) to use, license or sublicense following an Event of Default any Intellectual Property now owned or hereafter acquired
by such Debtor, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout
thereof. 
 9. Applications of Proceeds. The proceeds of any sale, lease or other disposition of the Collateral and from payments and
other amounts received by the Agent or any other Secured Party pursuant to Section 8 hereof (including, without limitation, payments made on account of any insurance policy insuring any portion of the Collateral) shall be applied in the
following order (i) to the expenses of retaking, holding, storing, processing and preparing for sale, selling, and the like (including, without limitation, any taxes, fees and other costs incurred in connection therewith) of the Collateral,
(ii) to the reasonable attorneys’ fees and expenses incurred by the Agent in enforcing the Secured Parties’ rights hereunder and in connection with collecting, storing and disposing of the Collateral, (iii) to satisfaction of the
Obligations pro rata among the Secured Parties (based on then-outstanding principal amounts of their respective Debentures at the time of any such determination), (iv) to the payment of any other amounts required by applicable law, and
(v) finally, if any surplus remains, the Secured Parties shall pay to the applicable Debtor any surplus proceeds. If, upon the sale, license or other disposition of the Collateral, the proceeds thereof are insufficient to pay all amounts to
which the Secured Parties are legally entitled, the Debtors will be liable for (A) such deficiency, together with interest thereon, at the rate of 18% per annum or the lesser amount permitted by applicable law (the “Default
Rate”), and (B) the reasonable fees of any attorneys employed by the Secured Parties to collect such deficiency. To the extent permitted by applicable law, each Debtor waives all claims, damages and demands against the Secured Parties
arising out of the repossession, removal, retention or sale of the Collateral, unless due solely to the bad faith, gross negligence or willful misconduct of the Secured Parties as determined by a final judgment (not subject to further appeal) of a
court of competent jurisdiction. 
 10. Securities Law Provision. Each Debtor recognizes that Agent may be limited in its ability to
effect a sale to the public of all or part of the Pledged Securities by reason of certain prohibitions in the Securities Act of 1933, as amended, or other federal or state securities laws (collectively, the “Securities Laws”), and
may be compelled to resort to one or more sales to a restricted group of purchasers who may be required to agree to acquire the Pledged Securities for their own account, for investment and not with a view to the distribution or resale thereof. Each
Debtor agrees that sales so made may be at prices and on terms less favorable than if the Pledged Securities were sold to the public, and that Agent has no obligation to delay the sale of any Pledged Securities for the period of time necessary to
register the 

  

 -18- 

 
Pledged Securities for sale to the public under the Securities Laws. Each Debtor shall cooperate with Agent in its attempt to satisfy any requirements under
the Securities Laws (including, without limitation, registration thereunder if requested by Agent) applicable to the sale of the Pledged Securities by Agent. 
 11. Costs and Expenses. Each Debtor agrees to pay all reasonable out-of-pocket fees, costs and expenses incurred in connection with any filing required hereunder, including, without limitation, any financing
statements pursuant to the UCC, continuation statements, partial releases and/or termination statements related thereto or any expenses of any searches reasonably required by the Agent. The Debtors shall also pay all other claims and charges (other
than (i) Permitted Liens and (ii) Permitted Indebtedness) that in the reasonable opinion of the Agent is reasonably likely to prejudice, imperil or otherwise affect the Collateral or the Security Interests therein contemplated hereunder.
The Debtors will also, upon demand, pay to the Agent the amount of any and all reasonable expenses, including the reasonable fees and expenses of its counsel and of any experts and agents, which the Agent, for the benefit of the Secured Parties, may
incur in connection with (i) the enforcement of this Agreement, (ii) the custody or preservation of, or the sale of, collection from, or other realization upon, any of the Collateral, or (iii) the exercise or enforcement of any of the
rights of the Secured Parties under the Debentures. Until so paid, any fees payable hereunder shall be added to the principal amount of the Debentures and shall bear interest at the Default Rate. 
 12. Responsibility for Collateral. The Debtors assume all liabilities and responsibility in connection with all Collateral, and the Obligations
shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or its unavailability for any reason. Without limiting the generality of the foregoing, to the fullest extent permitted by
applicable law, (a) neither the Agent nor any Secured Party (i) has any duty (either before or after an Event of Default) to collect any amounts in respect of the Collateral or to preserve any rights relating to the Collateral, or
(ii) has any obligation to clean-up or otherwise prepare the Collateral for sale, (b) each Debtor shall remain obligated and liable under each contract or agreement included in the Collateral to be observed or performed by such Debtor
thereunder; (c) neither the Agent nor any Secured Party shall have any obligation or liability under any such contract or agreement by reason of or arising out of this Agreement or the receipt by the Agent or any Secured Party of any payment
relating to any of the Collateral; and (d) neither the Agent nor any Secured Party shall be obligated in any manner to perform any of the obligations of any Debtor under or pursuant to any such contract or agreement, to make inquiry as to the
nature or sufficiency of any payment received by the Agent or any Secured Party in respect of the Collateral or as to the sufficiency of any performance by any party under any such contract or agreement, to present or file any claim, to take any
action to enforce any performance or to collect the payment of any amounts which may have been assigned to the Agent or to which the Agent or any Secured Party may be entitled at any time or times. 
 13. Security Interests Absolute. All rights of the Secured Parties and all obligations of the Debtors hereunder shall be absolute and
unconditional in accordance with the terms of this Agreement, irrespective of: (a) any lack of validity or enforceability of any provision of this Agreement, the Debentures or any agreement entered into in connection with the foregoing;
(b) any change in the time, manner or place of payment or performance of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any 

  

 -19- 

 
departure from the Debentures or any other agreement entered into in connection with the foregoing; (c) any exchange, release or nonperfection of any of
the Collateral, or any release or amendment or waiver of or consent to departure from any other collateral for, or any guarantee, or any other security, for all or any of the Obligations; (d) any action by the Secured Parties to obtain, adjust,
settle and cancel in its sole discretion any insurance claims or matters made or arising in connection with the Collateral; or (e) any other circumstance which might otherwise constitute any legal or equitable defense available to a Debtor, or
a discharge of all or any part of the Security Interests granted hereby. Until the Obligations shall have been paid and performed in full, the rights of the Secured Parties shall continue even if the Obligations are barred for any reason, including,
without limitation, the running of the statute of limitations or bankruptcy to the fullest extent permitted by applicable law. Each Debtor expressly waives [acceptance], presentment, protest, notice of protest, demand, notice of nonpayment and
demand for performance under this Agreement and the other Transaction Documents. In the event that at any time any transfer of any Collateral in accordance herewith or any application of any payment received by the Secured Parties hereunder shall be
deemed by final order of a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under the bankruptcy or insolvency laws of the United States, or shall be deemed to be otherwise due to any party other than the
Secured Parties, then, in any such event, each Debtor’s obligations hereunder shall survive cancellation of this Agreement, and shall not be discharged or satisfied by any prior payment thereof and/or cancellation of this Agreement, but shall
remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof. Each Debtor waives all right to require the Secured Parties to proceed against any other person or entity or to apply any Collateral which the
Secured Parties may hold at any time, or to marshal assets, or to pursue any other remedy. Each Debtor waives any defense arising by reason of the application of the statute of limitations to any obligations secured hereby. 
 14. Term of Agreement; Releases and Subordinations of Certain Security Interests. (a) This Agreement and the Security Interests shall
terminate on the date on which all payments under the Debentures have been indefeasibly paid in full in cash and all other Obligations (other than any contingent indemnification, defense or similar obligation that by its express terms extends beyond
such payment) have been paid in cash or discharged; provided, however, that all indemnities of the Debtors contained in this Agreement (including, without limitation, Annex B hereto) shall survive and remain operative and in full force
and effect in accordance with their respective terms regardless of the termination of this Agreement. 
 15. Power of Attorney; Further
Assurances. 
 (a) Each Debtor authorizes the Agent, and does hereby make, constitute and appoint the Agent, its successors and permitted
assigns and their respective officers with full power of substitution, as such Debtor’s true and lawful attorney-in-fact, with power, in the name of the Agent or such Debtor, after the occurrence and during the continuance of an Event of
Default that is not waived by the Holder or cured by the Company: (i) to endorse any note, checks, drafts, money orders or other instruments of payment (including payments payable under or in respect of any policy of insurance) in respect of
the Collateral that may come into possession of the Agent; (ii) to sign and endorse any financing statement pursuant to the UCC or any invoice, freight or express bill, bill of lading, storage or warehouse receipts, drafts against 

  

 -20- 

 
debtors, assignments, verifications and notices in connection with accounts, and other documents relating to the Collateral; (iii) to pay or discharge
taxes, liens, security interests or other encumbrances at any time levied or placed on or threatened against the Collateral; (iv) to demand, collect, receipt for, compromise, settle and sue for monies due in respect of the Collateral;
(v) to transfer any Intellectual Property or provide licenses respecting any Intellectual Property; and (vi) generally, at the option of the Agent, and at the expense of the Debtors, at any time, or from time to time, to execute and
deliver any and all documents and instruments and to do all acts and things which the Agent deems necessary to protect, preserve and realize upon the Collateral and the Security Interests granted therein in order to effect the intent of this
Agreement and the Debentures all as fully and effectually as the Debtors might or could do; and each Debtor hereby ratifies all that said attorney shall lawfully do or cause to be done by virtue hereof. This power of attorney is coupled with an
interest and shall be irrevocable for the term of this Agreement and thereafter as long as any of the Obligations shall be outstanding. The designation set forth herein shall be deemed to amend and supersede any inconsistent provision in the
Organizational Documents or other documents or agreements to which any Debtor is subject or to which any Debtor is a party. Without limiting the generality of the foregoing, after the occurrence and during the continuance of Any Event of Default
that is not waived by the Holder or cured by the Company, each Secured Party is specifically authorized to execute and file any applications for or instruments of transfer and assignment to any purchaser thereof in accordance herewith of any
patents, trademarks, copyrights or other Intellectual Property with the United States Patent and Trademark Office and the United States Copyright Office. 
 (b) On a continuing basis, each Debtor will make, execute, acknowledge, deliver, file and record, as the case may be, with the proper filing and recording agencies all such instruments in any jurisdiction within the
United States including, without limitation, the jurisdictions indicated on Schedule C attached hereto, and will use commercially reasonable best efforts to make, execute, acknowledge, deliver, file and record all such instruments with the
proper filing and recording agencies in any other jurisdiction, and will take all such other actions as may reasonably be necessary, or as reasonably requested by the Agent, in order (i) to create or perfect the Security Interests as
contemplated hereunder, (ii) to otherwise to carry out the intent and purposes of this Agreement, or (iii) to reasonable assure and confirm such perfection of the Security Interests to the Agent. 
 (c) Each Debtor hereby irrevocably appoints the Agent, its successors and permitted assigns and their respective officers as such Debtor’s
attorney-in-fact, with full authority in the place and instead of such Debtor and in the name of such Debtor, from time to time in the Agent’s discretion, to take any action and to execute any instrument which the Agent may deem necessary or
advisable to accomplish the purposes of this Agreement, including the filing, in its sole discretion, of one or more financing or continuation statements and amendments thereto, relative to any of the Collateral without the signature of such Debtor
where permitted by law, which financing statements may (but need not) describe the Collateral as “all assets” or “all personal property” or words of like import, and ratifies all such actions taken by the Agent. This power of
attorney is coupled with an interest and shall be irrevocable for the term of this Agreement and thereafter as long as any of the Obligations shall be outstanding. 
  

 -21- 

 16. Notices. All notices, requests, demands and other communications hereunder shall be subject
to the notice provision of the Purchase Agreement. 
 17. Other Security. To the extent that the Obligations are now or hereafter
secured by property other than the Collateral from any person other than the Debtors or by the guarantee, endorsement or property of any other person, firm, corporation or other entity (other than the Debtors), then the Agent shall have the right,
in its sole discretion, to release, relinquish, subordinate or take any other similar action with respect to the Collateral or Obligations, without in any way modifying or affecting any of the Secured Parties’ rights and remedies hereunder.

 18. Appointment of Agent. The Secured Parties hereby appoint the Agent to act as their agent for purposes of receiving the grant
of the Security Interests for their benefit and exercising any and all rights and remedies of the Secured Parties hereunder. Such appointment shall continue until revoked in writing by a Majority in Interest, at which time a Majority in Interest
shall appoint a new Agent, provided that the current Agent may not be removed unless such Agent shall then hold less than $100,000 in principal amount of Debentures; provided, further, that such removal may occur only if each of the
other Secured Parties shall then hold not less than an aggregate of $500,000 in principal amount of Debentures. The Agent shall have the rights, responsibilities and immunities set forth in Annex B hereto. However, nothing in Annex B
is intended, or shall be deemed or construed, to in any way confer on the Agent any right, power, privilege, remedy or interest under any Transaction Document not conferred on the Agent, Holder, Purchaser or Secured Party (as applicable) under
applicable law or the express terms of the applicable Transaction Document. 
 19. Miscellaneous. 
 (a) No course of dealing between or among the parties, nor any failure to exercise, nor any delay in exercising, on the part of any of the parties, any
right, power or privilege hereunder or under the Debentures shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder or thereunder preclude any other or further exercise thereof or the
exercise of any other right, power or privilege. 
 (b) All of the rights and remedies of the parties with respect to the Collateral,
whether established by this Agreement, by the Debentures, by any other agreements, instruments or documents among the parties, or by applicable law, shall be cumulative and not alternatives and may be exercised singly or concurrently. 
 (c) This Agreement, together with the exhibits and schedules hereto, contain the entire understanding of the parties with respect to the subject matter
hereof and supersede all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into this Agreement and the exhibits and schedules hereto. No provision of this Agreement may
be waived, modified, supplemented or amended except in a written instrument signed, in the case of an amendment, by the Debtors and the Secured Parties or, in the case of a waiver, by the party against whom enforcement of any such waived provision
is sought. By accepting this Agreement, whether or not a signatory hereto, each Holder acknowledges and agrees that the Holder (A) is a “Secured Party”, one of the 

  

 -22- 

 
“Secured Parties”, a “party” and one of the “parties” for the purposes of this Agreement and (A) is contractually bound by
the provisions hereof applicable to it as such a Secured Party, one of the Secured Parties, a party or one of the parties. 
 (d) If any
term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain
in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as
that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including
any of such that may be hereafter declared invalid, illegal, void or unenforceable. 
 (e) No waiver of any default with respect to any
provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission
of any party to exercise any right hereunder in any manner impair the exercise of any such right. 
 (f) This Agreement shall be binding
upon and inure to the benefit of the parties and their successors and permitted assigns. The Debtors may not assign this Agreement or any rights or obligations hereunder without the prior written consent of each Secured Party (other than by merger
or joinder of an additional Debtor as contemplated herein). Any Secured Party may assign any or all of its rights under this Agreement to any Person to whom such Secured Party also assigns or transfers any Debentures in accordance with the terms
thereof and of the Purchase Agreement, provided such transferee agrees in writing to be bound, with respect to the transferred Debentures and corresponding interests in the other Transaction Documents, by the provisions of this Agreement, the
Debentures, the Guarantee and the Purchase Agreement that apply to the “Purchasers”, “Secured Parties” and the “Holders” hereunder and thereunder. 
 (g) Each party shall take such further action and execute and deliver such further documents as may be reasonably requested by the other parties as
necessary or appropriate in order to carry out (and provided the same are not inconsistent with) the provisions and purposes of this Agreement. 
 (h) All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall, to the fullest extent permitted by applicable law, be governed by and construed and enforced in accordance with the internal
laws of the State of New York, and the federal laws of the United States of America, without regard to any principles of conflicts of law thereof that would defer to the substantive laws of any other jurisdiction. Each Debtor agrees that all
proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Agreement and the Debentures (whether brought against a party hereto or its respective affiliates, directors, officers, shareholders,
partners, members, employees or agents) shall be commenced exclusively in the state and federal courts sitting in the City of New York, Borough of Manhattan. Each Debtor hereby irrevocably submits to the 

  

 -23- 

 
exclusive jurisdiction of the state and federal courts sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute hereunder or
in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any proceeding, any claim that it is not personally subject to the jurisdiction of any such court,
that such proceeding is improper. The preceding consents to New York governing law and jurisdiction and venue in New York State’s Supreme Court have been made by the parties in reliance (at least in part) on Sections 5-1401 and 5-1402 of the
General Obligations Law of the State of New York, as amended (as and to the extent applicable), and other applicable law. Each party hereto hereby irrevocably waives personal service of process and consents to process being served in any such
proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good
and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. If any party shall commence a proceeding to enforce any provisions of this
Agreement, then the prevailing party in such proceeding shall be reimbursed by the other party for its reasonable attorney’s fees and other costs and expenses incurred with the investigation, preparation and prosecution of such proceeding.

 (i) This Agreement may be executed in any number of counterparts of the entire document or of the signature pages hereto, any of which
may be delivered by telecopy, email or other electronic means, and each of which when so executed shall be deemed to be an original, and all of which taken together shall constitute one and the same Agreement. In the event that any signature is
delivered by facsimile transmission, e-mail, pdf or similar format data file or other electronic means, such signature shall create a valid binding obligation of the party executing (or on whose behalf such signature is executed) the same with the
same force and effect as if such facsimile, “.pdf” or electronically transmitted signature page were an original thereof. 
 (j)
All Debtors shall jointly and severally be liable for the obligations of each Debtor to the Secured Parties hereunder to the same extent as if set forth in the Guarantee. 
 (k) Each Debtor shall indemnify, reimburse and hold harmless the Agent and the Secured Parties and their respective partners, members, shareholders,
officers, directors, employees and agents (and any other persons with other titles that have similar functions) (each an “Indemnitee” and collectively the “Indemnitees”), from and against any and all losses, claims,
liabilities, damages, penalties, suits, costs and expenses, of any kind or nature, (including fees relating to the cost of investigating and defending any of the foregoing) imposed on, incurred by or asserted against such Indemnitee in any way
related to or arising from or alleged to arise from this Agreement or the Collateral, except to the extent any such losses, claims, liabilities, damages, penalties, suits, costs and expenses result from any act, omission or other conduct by any
Indemnitee that constitute fraud, gross negligence, willful misconduct or malfeasance as determined by a final, nonappealable decision of a court of competent jurisdiction. This indemnification provision is in addition to, and not in limitation of,
any other indemnification provision in the Debentures, the Purchase Agreement (as such term is defined in the Debentures) or any other agreement, instrument or other document executed or delivered in connection herewith or therewith. Claims for
indemnification and defense by each Indemnitee shall be made as provided in the Purchase Agreement. 
  

 -24- 

 (l) Nothing in this Agreement shall be construed to subject Agent or any Secured Party to liability as a
partner in any Debtor or any if its direct or indirect subsidiaries that is a partnership or as a member in any Debtor or any of its direct or indirect subsidiaries that is a limited liability company, nor shall Agent or any Secured Party be deemed
to have assumed any obligations under any partnership agreement or limited liability company agreement, as applicable, of any such Debtor or any if its direct or indirect subsidiaries or otherwise, unless and until any such Secured Party exercises
its right hereunder as a purchaser to be substituted for such Debtor as a partner or member, as applicable, pursuant hereto. 
 (m) To the
extent that the grant of the security interest in the Collateral and the enforcement of the terms hereof require the consent, approval or action of any Debtor as shareholder, partner or member, as applicable, of any other Debtor or any direct or
indirect subsidiary of any Debtor or compliance with any provisions of any of the Organizational Documents, each Debtor hereby grants such consent and approval and waives any such noncompliance with the terms of said documents. 
 (n) This Agreement is the Security Agreement referred to in the Purchase Agreement and other Transaction Documents. All of the applicable provisions of
the Purchase Agreement, including (without limitation) any provision for limiting the maximum rate of interest payable hereunder, are incorporated herein by reference and made a part hereof. In the event that any specific provision of this Agreement
conflicts or is inconsistent with any specific term or provision contained in the Purchase Agreement, the specific term or provision of the Purchase Agreement shall control and be given effect. However, this Agreement contains provisions that are in
addition to those contained in the Purchase Agreement, which each are cumulative with and not alternatives to each other, and which shall not be deemed or construed to be in conflict or inconsistent with the Purchase Agreement because they are not
contained in it. 
 (o) No party has (directly or indirectly) offered, made, accepted or acknowledged any representation, warranty, promise,
assurance or other agreement or understanding (whether written, oral, express, implied or otherwise) to, with or for the benefit of any other party, any of their respective Affiliates or representatives respecting any of the matters contained in
this Agreement except for those expressly set forth in this Agreement. This Agreement, together with the exhibits and schedules hereto, contain the entire understanding of the parties with respect to the subject matter hereof and supersede all prior
representations, warranties, promises, assurances and other agreements and understandings (whether written, oral, express, implied or otherwise) with respect to such matters, which the parties acknowledge have been merged into this Agreement and its
exhibits and schedules. 
 (p) The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be
deemed to limit or affect any of the provisions hereof 
  

 -25- 

 (q) In any action, suit or proceeding in any jurisdiction brought by any party against any other party,
the parties each knowingly and intentionally, to the greatest extent permitted by applicable law, hereby absolutely, unconditionally, irrevocably and expressly waives forever trial by jury. 
 SIGNATURE PAGES FOLLOW 
  

 -26- 

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

			
	 STAR ENERGY CORPORATION

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[INSERT NAMES OF SUBSIDIARIES]
		
	By:	 	  

	Name:	 	
	Title:	 	

 [SIGNATURE PAGE OF HOLDERS FOLLOWS] 
  

 -27- 

 [SIGNATURE PAGE OF HOLDERS TO SERG SA] 
 Name of Investing Entity:
                                        
                 
 Signature of Authorized Signatory of Investing
entity:
                                        
                     
 Name of Authorized Signatory:
                                        
                     
 Title of Authorized Signatory:
                                        
                 
 [SIGNATURE PAGE OF HOLDERS FOLLOWS]

  

 -28- 

 SCHEDULE A 
 Principal Place of Business of Debtors: 
 Locations Where Collateral is Located or Stored: 
 SCHEDULE B 
 SCHEDULE C 
 SCHEDULE D 
 Legal Names and
Organizational Identification Numbers 
 SCHEDULE E 
 Names; Mergers and Acquisitions 
 SCHEDULE F 
 Intellectual Property 
 SCHEDULE G 
 Account Debtors 
 SCHEDULE H 

Pledged Securities 
  

 -29- 

 ANNEX A 
 to 
 SECURITY 
 AGREEMENT 
 FORM OF ADDITIONAL DEBTOR JOINDER 
 Security Agreement dated as of February 9, 2007 made by 
 Star Energy Corporation 
 and its subsidiaries party thereto from time to time, as Debtors 
 to and in favor of 
 the Secured Parties
identified therein (as the same may be supplemented, modified, 
 amended, restated or replaced from time to time in the manner provided
therein, the 
 “““Security Agreement”””) 
 Reference is made to the Security Agreement as defined above; capitalized terms used herein and not otherwise defined herein shall have the meanings
given to such terms in, or by reference in, the Security Agreement. 
 The undersigned hereby agrees that upon delivery of this Additional
Debtor Joinder to the Secured Parties referred to above, the undersigned shall (a) be an Additional Debtor under the Security Agreement, (b) have all the rights and obligations of the Debtors under the Security Agreement as fully and to
the same extent as if the undersigned was an original signatory thereto and (c) be deemed to have made the representations and warranties set forth therein as of the date of execution and delivery of this Additional Debtor Joinder. WITHOUT
LIMITING THE GENERALITY OF THE FOREGOING, THE UNDERSIGNED SPECIFICALLY GRANTS TO THE SECURED PARTIES A SECURITY INTEREST IN THE COLLATERAL AS MORE FULLY SET FORTH IN THE SECURITY AGREEMENT AND ACKNOWLEDGES AND AGREES TO THE WAIVER OF JURY TRIAL AS
SET FORTH THEREIN. 
 Attached hereto are supplemental and/or replacement Schedules to the Security Agreement, as applicable. 
 An executed copy of this Joinder shall be delivered to the Secured Parties, and the Secured Parties may rely on the matters set forth herein on or after
the date hereof. This Joinder shall not be modified, amended or terminated without the prior written consent of the Secured Parties. 

 IN WITNESS WHEREOF, the undersigned has caused this Joinder to be executed in the name and on behalf of
the undersigned. 
  

							
		 		 	[Name of Additional Debtor]
				
		 		 	By:	 	
		 		 	Name:	 	
		 		 	Title:	 	
			
		 		 	Address:
				
	Dated:	 		 		 	

 ANNEX B 
 to 
 SECURITY 
 AGREEMENT 
 THE AGENT 
 1. Appointment. The Secured Parties (all capitalized terms used herein and not otherwise defined shall have the respective meanings
provided in the Security Agreement (as the same may be supplemented, modified, amended, restated or replaced from time to time in the manner provided therein, the “Agreement”) to which this Annex B is attached), by their
acceptance of the benefits of the Agreement, hereby designate Rodman & Renshaw, LLC (“            ” or “Agent”) as the Agent to act as specified
herein and in the Agreement. Each Secured Party shall be deemed irrevocably to authorize the Agent to take such action on its behalf under, and in accordance with, the provisions of the Agreement and any other Transaction Document (as such term is
defined in the Purchase Agreement) and to exercise such powers and to perform such duties hereunder and thereunder as are specifically delegated to or required of the Agent by the terms hereof and thereof and such other powers as are reasonably
incidental thereto. The Agent may perform any of its duties hereunder by or through its agents or employees. 
 2. Nature of
Duties. The Agent shall have no duties or responsibilities except those expressly set forth in the Agreement. Neither the Agent nor any of its partners, members, shareholders, officers, directors, employees or agents shall be liable for
any action taken or omitted by it as such under the Agreement or hereunder or in connection herewith or therewith, be responsible for the consequence of any oversight or error of judgment or answerable for any loss, unless caused solely by its or
their gross negligence or willful misconduct as determined by a final judgment (not subject to further appeal) of a court of competent jurisdiction. The duties of the Agent shall be mechanical and administrative in nature; the Agent shall not have
by reason of the Agreement or any other Transaction Document a fiduciary relationship in respect of any Debtor or any Secured Party; and nothing in the Agreement or any other Transaction Document, expressed or implied, is intended to or shall be so
construed as to impose upon the Agent any obligations in respect of the Agreement or any other Transaction Document except as expressly set forth herein and therein. 
 3. Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent
investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the
Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the
Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with 

 
respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be
responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness,
genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to
make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or
the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents. 
 4. Certain Rights of the Agent. The Agent shall have the right to take any action with respect to the Collateral, on behalf of all of the Secured Parties. To the extent practical, the Agent shall request
instructions from the Secured Parties with respect to any material act or action (including failure to act), in connection with the Agreement or any other Transaction Document, and shall be entitled to act or refrain from acting in accordance with
the instructions of Secured Parties holding a majority in principal amount of Debentures (based on then-outstanding principal amounts of Debentures at the time of any such determination); if such instructions are not provided despite the
Agent’s request therefor, the Agent shall be entitled to refrain from such act or taking such action, and if such action is taken, shall be entitled to appropriate indemnification from the Secured Parties in respect of actions to be taken by
the Agent; and the Agent shall not incur liability to any person or entity by reason of so refraining. Without limiting the foregoing, (a) no Secured Party shall have any right of action whatsoever against the Agent as a result of the Agent
acting or refraining from acting hereunder in accordance with the terms of the Agreement or any other Transaction Document, and the Debtors shall have no right to question or challenge the authority of, or the instructions given to, the Agent
pursuant to the foregoing and (b) the Agent shall not be required to take any action which the Agent believes (i) could reasonably be expected to expose it to personal liability or (ii) is contrary to this Agreement, the Transaction
Documents or applicable law. 
 5. Reliance. The Agent shall be entitled to rely, and shall be fully protected in relying, upon any
writing, resolution, notice, statement, certificate, telex, teletype or telecopier message, cablegram, radiogram, order or other document or telephone message signed, sent or made by the proper person or entity, and, with respect to all legal
matters pertaining to the Agreement and the other Transaction Documents and its duties thereunder, upon advice of counsel selected by it and upon all other matters pertaining to this Agreement and the other Transaction Documents and its duties
thereunder, upon advice of other experts selected by it. Anything to the contrary notwithstanding, the Agent shall have no obligation whatsoever to any Secured Party to assure that the Collateral exists or is owned by the Debtors or is cared for,
protected or insured or that the liens granted pursuant to the Agreement have been properly or sufficiently or lawfully created, perfected, or enforced or are entitled to any particular priority. 

 6. Indemnification. To the extent that the Agent is not reimbursed and indemnified by the
Debtors, the Secured Parties will jointly and severally reimburse and indemnify the Agent, in proportion to their initially purchased respective principal amounts of Debentures, from and against any and all liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against the Agent in performing its duties hereunder or under the Agreement or any other
Transaction Document, or in any way relating to or arising out of the Agreement or any other Transaction Document except for those determined by a final judgment (not subject to further appeal) of a court of competent jurisdiction to have resulted
solely from the Agent’s own gross negligence or willful misconduct. Prior to taking any action hereunder as Agent, the Agent may require each Secured Party to deposit with it sufficient sums as it determines in good faith is necessary to
protect the Agent for costs and expenses associated with taking such action. 
 7. Resignation by the Agent. 
 (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at
any time by giving 30 days’ prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and
(c) below. 
 (b) Upon any such notice of resignation, the Secured Parties, acting by a Majority in Interest, shall
appoint a successor Agent hereunder. 
 (c) If a successor Agent shall not have been so appointed within said 30-day period,
the Agent shall then appoint a successor Agent who shall serve as Agent until such time, if any, as the Secured Parties appoint a successor Agent as provided above. If a successor Agent has not been appointed within such 30-day period, the Agent may
petition any court of competent jurisdiction or may interplead the Debtors and the Secured Parties in a proceeding for the appointment of a successor Agent, and all fees, including, but not limited to, extraordinary fees associated with the filing
of interpleader and expenses associated therewith, shall be payable by the Debtors on demand. 
 8. Rights with respect to
Collateral. Each Secured Party agrees with all other Secured Parties and the Agent (i) that it shall not, and shall not attempt to, exercise any rights with respect to its security interest in the Collateral, whether pursuant to any
other agreement or otherwise (other than pursuant to this Agreement), or take or institute any action against the Agent or any of the other Secured Parties in respect of the Collateral or its rights hereunder (other than any such action arising from
the breach of this Agreement) and (ii) that such Secured Party has no other rights with respect to the Collateral other than as set forth in this Agreement and the other Transaction Documents. Upon the acceptance of any appointment as Agent
hereunder by a successor Agent, such 

 
successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring Agent
shall be discharged from its duties and obligations under the Agreement. After any retiring Agent’s resignation or removal hereunder as Agent, the provisions of the Agreement including this Annex B shall inure to its benefit as to any
actions taken or omitted to be taken by it while it was Agent.Form of Subsidiary Guarantee, dated as of February 9, 2007

 Exhibit 4.3 
 EXHIBIT F 
 SUBSIDIARY GUARANTEE 
 SUBSIDIARY GUARANTEE, dated as of February 9, 2007 (as the same may be supplemented, modified, amended, restated or replaced from time to time in
the manner provided herein, (this “Guarantee”), made by each of the signatories hereto (together with any other entity that may become a party hereto as provided herein, (each a “Guarantor” and collectively the
“Guarantors”), in favor of the “Purchasers” signatory thereto (as such term is defined therein) to that certain Securities Purchase Agreement, dated as of the date hereof, between Star Energy Corporation, a Nevada
corporation (the “Company”) and the Purchasers (as the same may be supplemented, modified, amended, restated or replaced from time to time in the manner provided herein, the “Purchase Agreement”). Each of the Guarantors
and each of the Purchasers may be referred to herein as a “party” and collectively as the “parties”. 
 W I T N E S S E
T H: 
 WHEREAS, pursuant to the Purchase Agreement, the Company has agreed to sell and issue to the Purchasers (together with their
respective successors and permitted assigns under the following Debentures, each a “Holder” and collectively, the “Holders”), and the Purchasers have severally agreed to extend the loans to the Company evidenced by
the Company’s 8% Secured Convertible Debentures, due February 9, 2010 in the original aggregate maximum principal amount of $7,500,000 and severally issued by the Company to the Holders on February 9, 2007 (as the same may be supplemented,
modified, amended, restated or replaced from time to time in the manner provided herein, each a “Debenture” and collectively, the “Debentures”), subject to the terms and conditions set forth therein; and 
 WHEREAS, each Guarantor will directly benefit from the extension of credit to the Company represented by the issuance of the Debentures; and 

NOW, THEREFORE, in consideration of the premises and to induce the Purchasers to enter into the Purchase Agreement and to carry out the transactions
contemplated thereby, each Guarantor hereby agrees with the Purchasers as follows: 
 1. Definitions. Unless otherwise defined herein,
capitalized terms not otherwise defined herein shall have the meanings set forth in the Purchase Agreement or other applicable Transaction Document (as such term is defined in the Purchase Agreement. The words “hereof,” “herein,”
“hereto” and “hereunder” and words of similar import when used in this Guarantee shall refer to this Guarantee as a whole and not to any particular provision of this Guarantee, and Section and Schedule references are to this
Guarantee unless otherwise specified. The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. The following terms shall have the following meanings: 
 “Guarantee” shall have the meaning set forth in the first paragraph above. 
  

 1 

 “Indebtedness” means (a) any liabilities for borrowed money or
similar amounts owed in excess of $50,000 (other than trade accounts payable incurred in the ordinary course of business and inter-company advances among the Company and the Guarantors), (b) all guaranties, endorsements and other contingent
obligations in respect of indebtedness of others, whether or not the same are or should be reflected in the Guarantors’ balance sheet (or the notes thereto), except for (i) guaranties by endorsement of negotiable instruments for deposit or
collection or similar transactions in the ordinary course of business and (ii) guaranties of the indebtedness or other obligations of the Company or any Guarantor or the Company; and (c) the present value of any lease payments in excess of
$50,000 due under leases required to be capitalized in accordance with GAAP. 
 “Obligations” means in
addition to all other costs and expenses of collection incurred by Purchasers in enforcing any of such Obligations and/or this Guarantee, all of the liabilities and obligations (primary, secondary, direct, contingent, sole, joint or several) due or
to become due, or that are now or may be hereafter contracted or acquired, or owing from any Debtor to the Secured Parties, including, without limitation, all obligations under the Security Agreement, the Purchase Agreement, the Debentures, this
Guarantee and any other instruments, agreements or other documents executed and/or delivered in connection herewith or therewith, in each case, whether now or hereafter existing, voluntary or involuntary, direct or indirect, absolute or contingent,
liquidated or unliquidated, whether or not jointly owed with others, and whether or not from time to time decreased or extinguished and later increased, created or incurred, and all or any portion of such obligations or liabilities that are paid, to
the extent all or any part of such payment is avoided or recovered directly or indirectly from any of the Secured Parties as a preference, fraudulent transfer or otherwise as such obligations may be amended, supplemented, converted, extended or
modified from time to time. Without limiting the generality of the foregoing, the term “Obligations” shall include, without limitation: (i) principal of, and interest on the Debentures and the loans extended pursuant thereto;
(ii) any and all other fees, indemnities, costs, obligations and liabilities of the Debtors from time to time under or in connection with the Security Agreement, the Debentures, this Guarantee and any other instruments, agreements or other
documents executed and/or delivered in connection herewith or therewith; and (iii) all amounts (including but not limited to post-petition interest) in respect of the foregoing that would be payable but for the fact that the obligations to pay
such amounts are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving any Debtor. 
 “Permitted Indebtedness” means (a) the Indebtedness existing on the date hereof and set forth on Schedule 3.1(aa) attached to the Purchase Agreement, (b) capital lease obligations,
construction or improvement financing and purchase 

  

 2 

 
money indebtedness incurred in connection with the acquisition, construction or improvement of capital assets and capital lease obligations with respect to
newly acquired, improved or leased assets (provided, that immediately following any such transaction, the pro forma consolidated total Indebtedness of the Company and its subsidiaries to their consolidated Total Asset ratio is not more than 0.75 to
1); (c) additional Indebtedness, in the aggregate, incurred by the Company and the Guarantors in connection with raising capital for the acquisition of another entity which is, itself or through its subsidiaries, an operating company in a
business synergistic with the business of the Company (by merger, consolidation, the acquisition of all or substantially of the assets of such entity or similar transaction) provided that any Indebtedness incurred under this clause (c) is
expressly subordinate to the Debentures pursuant to a written subordination agreement with the Holders that is acceptable to each Holder; or (d) any continuation, extension, renewal, modification, refinancing or replacement of any such
Permitted Indebtedness on overall terms that are generally no less favorable than those applicable to the existing Permitted Indebtedness. 
 “Permitted Lien” means the individual and collective reference to the following: (a) Liens (as defined in the Purchase Agreement) for taxes, assessments and other governmental charges or levies
not yet due or Liens for taxes, assessments and other governmental charges or levies being contested in good faith and by appropriate proceedings for which adequate reserves (in the good faith judgment of the management of the applicable Guarantor)
have been established in accordance with GAAP; (b) Liens imposed by law and incurred in the ordinary course of the applicable Guarantor’s business, such as carriers’, warehousemen’s and mechanics’ Liens, statutory
landlords’ Liens, Liens consisting of easements, right-of-way, restrictions, covenants or other agreements of record or similar charges or encumbrances, and other similar Liens arising in the ordinary course of the applicable Guarantor’s
business, and which (x) do not individually or in the aggregate materially detract from the value of such property or assets or materially impair the use thereof in the operation of the business of such Guarantor and its consolidated
Subsidiaries or (y) are being contested in good faith by appropriate proceedings, which proceedings have the effect of preventing for the foreseeable future the forfeiture or sale of the property or asset subject to such Lien; and
(c) Liens incurred in connection with Permitted Indebtedness under clause (b) thereunder, provided that such Liens are not secured by assets of the any of the Guarantors other than the assets so acquired, constructed, improved or leased
(and the products and proceeds thereof, insurance therefor and warranty and other contract rights related thereto); (d) Liens incurred in respect of judgments and awards discharged within 30 days from the making thereof; (e) any cash
deposits made or bonds or letters of credit posted in the ordinary course to secure performance under any contract or applicable law; (f) in the case of any account, intangible, instrument, lease, agreement or document, any contractual right,
power, privilege, remedy, interest, defect, restriction, covenant, claim, counterclaim, right of recoupment, abatement, reduction or setoff, or defense of any account debtor or other party thereto, whether now existing or 

  

 3 

 
hereafter arising, and whether pursuant to the applicable contractual provisions or applicable law; (g) Liens existing on the Original Issue Date and
set forth on Schedule 3.1(n) attached to the Purchase Agreement; or (h) any renewal, continuation, extension or replacement of any such Permitted Lien, provided that the scope of the assets encumbered thereby shall not be thereby
increased. 
 “Security Agreement” shall mean that certain Security Agreement, dated as of February 9,
2007, by and among the Company, the Guarantors, the Holders, and the Agent (as defined therein) as the same may be supplemented, modified, amended, restated or replaced from time to time in the manner provided herein. 
 “Secured Party” and “Secured Parties” shall mean each of the Holders and the Agent (as defined in the Security
Agreement). 
 2. Guarantee. 
 (a) Guarantee. 
  

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

  

	 	(ii)	The Purchasers in their sole and absolute discretion shall be entitled to demand payment of the Obligations (in whole at any time, or in part from time to time) from the Guarantors
(or any of them) under this Guarantee upon the occurrence and continuation of any Event of Default that is not waived by the Holder or cured by the Company. If the Purchasers make such a demand: (a) any and all principal, interest and other
Obligations outstanding or accrued under any Debenture and/or any other Transaction Document shall be deemed to be immediately due and payable in full (or for the item(s) in the amount(s) demanded if a partial demand was made), all without
presentment, protest, demand or notice of any kind, all of which are hereby absolutely, unconditionally, irrevocably and expressly waived forever by each Guarantor (and in the case of a partial demand, without in any way affecting any of the
Guarantors' Obligations with respect to the balance of the Obligations not demanded); and (b) each Guarantor (on a joint and several basis with the other Guarantors) shall immediately pay to the Lender the amount demanded in full.

  

 4 

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

  

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

  

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

  

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

  

	 	(vii)	 Notwithstanding anything to the contrary in Guarantee, with respect to any defaulted non-monetary Obligations the specific performance of which by the Guarantors is
not reasonably possible (e.g. the issuance of the Company's Common Stock), the Guarantors shall only be liable for 

  

 5 

	 	 
making the Purchasers whole on a monetary basis for the Company's failure to perform such Obligations in accordance with the Transaction Documents.

 (b) Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall
have paid more than its proportionate share of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such payment.
Each Guarantor's right of contribution shall be subject to the terms and conditions of Section 2(c). The provisions of this Section 2(b) shall in no respect limit the obligations and liabilities of any Guarantor to the Purchasers, and each
Guarantor shall remain liable to the Purchasers for the full amount guaranteed by such Guarantor hereunder. 
 (c)
Subordination of Subrogation Rights. Notwithstanding any payment made by any Guarantor hereunder or any set-off or application of funds of any Guarantor by the Purchasers, no Guarantor shall be entitled to exercise or enforce any rights of
subrogation against the Company or any other Guarantor or any collateral security or guarantee or right of offset held by the Purchasers for the payment of the Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or
reimbursement from the Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Purchasers by the Company on account of the Obligations are paid in full. If any amount shall be paid to
any Guarantor on account of such subrogation rights at any time when all of the Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the Purchasers, segregated from other funds of such Guarantor, and
shall, forthwith upon receipt by such Guarantor, be turned over to the Purchasers in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Purchasers, if required), to be applied against the Obligations, whether matured
or unmatured, in such order as the Purchasers may determine. 
 (d) Amendments, Etc. With Respect to the Obligations.
Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, any demand for payment of any of the Obligations made by the
Purchasers may be rescinded by the Purchasers and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with
respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by the Purchasers, and the Purchase Agreement and the other Transaction Documents and
any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Purchasers may deem advisable from time to time, and any collateral security, guarantee or right of
offset at any time held by the Purchasers for the 

  

 6 

 
payment of the Obligations may be sold, exchanged, waived, surrendered or released. The Purchasers shall have no obligation to protect, secure, perfect or
insure any Lien at any time held by them as security for the Obligations or for the guarantee contained in this Section 2 or any property subject thereto. 
 (e) Guarantee Absolute and Unconditional. Each Guarantor waives any and all notice of (i) the creation, renewal, extension or
accrual of any of the Obligations, (ii) the execution and delivery of this Guarantee or any Transaction Document, (iii) the performance or non-performance of the Obligations under any Transaction Document, (iv) any change in or
making, repayment or remaking or remaking of any loan, advance or other extension of credit at any time under this Guarantee or any other Transaction Document, (v) any Material Adverse Effect with respect to the Company, any Obligor or any
Collateral, (vi) any extension, stay, moratorium or statute of limitations or similar time constraint under any applicable law, (vii) any investigation, analysis or evaluation by the Purchasers or their respective designees of the assets,
business, cash flow, expenses, income, liabilities, operations, properties, prospects, reputation or condition (financial or otherwise) of the Company or any Guarantor or any other person, (viii) any application to the Obligations of any
payments from any person not specifically designated for application to the Obligations or any proceeds of collateral from such person other than from the Collateral, (ix) any sale, conveyance, assignment, participation or other transfer by the
Purchasers (in whole or in part) to any other person of any one or more of this Guarantee or any of the Transaction Documents, or any one ore more of the rights, powers, privileges, remedies or interests of the Purchasers herein or therein,
(x) notice of or proof of reliance by the Purchasers upon the guarantee contained in this Section 2 or acceptance of the guarantee contained in this Section 2, and (xi) any other proof, notice or demand of any kind whatsoever
with respect to any or all of the Obligations or promptness in making any claim or demand under this Guarantee or any other Transaction Document. The Obligations, and any of them, shall conclusively be deemed to have been created, contracted or
incurred, or renewed, extended, amended or waived, in reliance upon the guarantee contained in this Section 2; and all dealings between the Company and any of the Guarantors, on the one hand, and the Purchasers, on the other hand, likewise
shall be conclusively presumed to have been had or consummated in reliance upon the guarantee contained in this Section 2. Each Guarantor waives to the extent permitted by law acceptance, diligence, presentment, protest, demand for payment,
dishonor and notice of default or nonpayment to or upon the Company or any of the Guarantors with respect to the Obligations and notice of any of the foregoing. Each Guarantor understands and agrees that the guarantee contained in this
Section 2 shall be construed as a continuing, absolute and unconditional guarantee of payment without regard to (a) the validity, legality, non-binding effect or enforceability of the Purchase Agreement or any other Transaction Document,
any of the Obligations or any other collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by the Purchasers, (b) any defense, set-off or counterclaim (other than a defense of
payment or 

  

 7 

 
performance or fraud or misconduct by Purchasers) which may at any time be available to or be asserted by the Company or any other Person against the
Purchasers, or (c) any other circumstance whatsoever (with or without notice to or knowledge of the Company or such Guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge of the Company for the
Obligations, or of such Guarantor under the guarantee contained in this Section 2, in bankruptcy or in any other instance. When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Guarantor, the
Purchasers may, but shall be under no obligation to, make a similar demand on or otherwise pursue such rights and remedies as they may have against the Company, any other Guarantor or any other Person or against any collateral security or guarantee
for the Obligations or any right of offset with respect thereto, and any failure by the Purchasers to make any such demand, to pursue such other rights or remedies or to collect any payments from the Company, any other Guarantor or any other Person
or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release of the Company, any other Guarantor or any other Person or any such collateral security, guarantee or right of offset, shall not
relieve any Guarantor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of the Purchasers against any Guarantor. For the purposes hereof,
“demand” shall include the commencement and continuance of any legal proceedings. 
 (f) Reinstatement. The
guarantee contained in this Section 2 shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Obligations is rescinded or must otherwise be restored or returned by the
Purchasers upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Company or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the
Company or any Guarantor or any substantial part of its property, or otherwise, all as though such payments had not been made, provided that the Guarantor's rights of contribution pursuant to Section 2(b) above shall similarly
continue to be effective or be reinstated, as the case may be. 
 (g) Payments. Each Guarantor hereby guarantees that
payments hereunder will be paid to the Purchasers without set-off or counterclaim in U.S. dollars at the address set forth or referred to in the Purchase Agreement. 
 3. Representations and Warranties. Each Guarantor hereby makes the following representations and warranties to Purchasers as of the date hereof: 
 (a) Organization and Qualification. The Guarantor is a corporation, limited liability company, or limited liability society, duly
incorporated or organized, validly existing and in good standing under the laws of the applicable jurisdiction set forth on Schedule 1, with the requisite corporate or other entity 

  

 8 

 
power and authority to own and use its properties and assets and to carry on its business as currently conducted. The Guarantor has no subsidiaries other
than those identified as such on the Disclosure Schedules to the Purchase Agreement. The Guarantor is duly qualified to do business and is in good standing as a foreign corporation in each jurisdiction in which the nature of the business conducted
or property owned by it makes such qualification necessary, except where the failure to be so qualified or in good standing, as the case may be, could not, individually or in the aggregate, (x) adversely affect the legality, validity or
enforceability of any of this Guaranty in any material respect, (y) have a material adverse effect on the results of operations, assets, or financial condition of the Company and the Guarantors taken as a whole or (z) adversely impair in
any material respect the Guarantor's ability to perform fully on a timely basis its obligations under this Guaranty (a “Material Adverse Effect”). 
 (b) Authorization; Enforcement. The Guarantor has the requisite corporate or other entity power and authority to enter into and to
consummate the transactions contemplated by this Guaranty, and otherwise to carry out its obligations hereunder. The execution and delivery of this Guaranty by the Guarantor and the consummation by it of the transactions contemplated hereby have
been duly authorized by all requisite corporate action on the part of the Guarantor. This Guaranty has been duly executed and delivered by the Guarantor and constitutes the valid and binding obligation of the Guarantor enforceable against the
Guarantor in accordance with its terms, except (i) as may be limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium, affecting enforcement of, creditors’ rights generally, (ii) as
limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies, (iii) insofar as indemnification and contribution provisions may be limited by applicable law, and (iv) insofar as certain
elections, waivers and agreements to vary statutory provisions may be impermissible under the UCC (as defined in the Security Agreement) and other applicable law (clauses (i) through (iv) may be referred to collectively as the
“Enforceability Limits”). 
 (c) No Conflicts. The execution, delivery and performance of this
Guaranty by the Guarantor and the consummation by the Guarantor of the transactions contemplated thereby do not and will not (i) violate any provision of its Organizational Documents (as defined in the Security Agreement) or
(ii) constitute a default (or an event which with notice or lapse of time or both would become a default) in any material respect under, or give to others any commercially reasonable right of termination, material amendment, acceleration or
cancellation of, any agreement, indenture or instrument to which the Guarantor is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental
authority to which the Guarantor is subject (including Federal and state securities laws and regulations), or by which any material property or asset of the Guarantor is bound or affected, except in the case of each of clauses (ii) and (iii),
such conflicts, 

  

 9 

 
defaults, terminations, amendments, accelerations, cancellations and violations as could not, individually or in the aggregate, have or result in a Material
Adverse Effect. The business of the Guarantor is not being conducted in violation of any law, ordinance or regulation of any governmental authority, except for violations which, individually or in the aggregate, do not have a Material Adverse
Effect. 
 (d) Consents and Approvals. The Guarantor is not required to obtain any authorization, approval or other
action by, and no notice to or filing with, any governmental authority or regulatory body is required, no consent of any other third parties is required, and no other action on the party of the Guarantor is required in connection with the execution,
delivery and performance by the Guarantor of this Guaranty. 
 (e) Purchase Agreement. The representations and
warranties of the Company set forth in the Purchase Agreement as they relate to such Guarantor, each of which is hereby incorporated herein by reference, are true and correct as of each time such representations are deemed to be made pursuant to
such Purchase Agreement, and the Purchasers shall be entitled to rely on each of them as if they were fully set forth herein, provided, that each reference in each such representation and warranty to the Company's knowledge shall, for the purposes
of this Section 3, be deemed to be a reference to such Guarantor's knowledge. 
 4. Covenants. 
 (a) Each Guarantor covenants and agrees with the Purchasers that, from and after the date of this Guarantee until the Obligations shall
have been paid in full, such Guarantor shall take, and/or shall refrain from taking, as the case may be, each commercially reasonable action that is necessary to be taken or not taken, as the case may be, so that no Event of Default is caused by the
failure to take such action or to refrain from taking such action by such Guarantor. 
 (b) So long as any of the Obligations
are outstanding, unless Purchasers holding at least 51% of the aggregate principal amount of the then outstanding Debentures, shall otherwise consent in writing, and except as any such action or non action may be permitted by the Purchase Agreement,
Debenture, or Security Agreement, each Guarantor will not directly or indirectly on or after the date of this Guarantee: 
 i.
enter into, create, incur, assume or suffer to exist any Indebtedness other than Permitted Indebtedness; 
 ii. enter into,
create, incur, assume or suffer to exist any liens other than Permitted Liens; 
  

 10 

 iii. amend its Organizational Documents so as to adversely affect any rights of the
Holders hereunder; or 
 iv. repay, repurchase or offer to repay, repurchase or otherwise acquire more than a de minimis
number of shares of its securities or debt obligations; 
 v. pay cash dividends on any equity securities of the Company;

 vi. enter into any transaction with any Affiliate of the Guarantor which would be required to be disclosed in any public
filing of the Company with the Commission, unless such transaction is made on an arm’s-length basis and expressly approved by a majority of the disinterested directors of the Company (even if less than a quorum otherwise required for board
approval); or 
 vii. enter into any agreement with respect to any of the foregoing. 
 5. Miscellaneous. 
 (a) Amendments in Writing. This Guarantee may not be supplemented, modified, amended, restated, waived, extended, discharged or terminated orally. This Agreement may only be (i) supplemented, modified, amended or restated in a
writing signed by the Guarantors and Purchasers (or consented to in a separate writing by the Purchasers if they elect not to sign such document) and (ii) waived, extended, discharged or terminated in a writing signed by the party or parties
against whom such waiver, extension, discharge or termination would have to be enforced. By accepting this Agreement, whether or not a signatory hereto, each Purchaser acknowledges and agrees that the Purchaser is a “party” and one of the
“parties” for the purposes of this Guarantee and (A) is contractually bound by the provisions hereof applicable to it as such a party or one of the parties. 
 (b) Notices. All notices, requests and demands to or upon the Purchasers or any Guarantor hereunder shall be effected in the manner
provided for in the Purchase Agreement, provided that any such notice, request or demand to or upon any Guarantor shall be addressed to such Guarantor at its notice address set forth on Schedule 5(b). 
 (c) No Waiver By Course Of Conduct; Cumulative Remedies. The Purchasers shall not by any act (except by a written instrument
pursuant to Section 5(a)), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any default under the Transaction Documents or Event of Default. No failure to exercise, nor any
delay 

  

 11 

 
in exercising, on the part of any of the parties, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of
any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Purchasers of any right or remedy hereunder on any one occasion shall not be
construed as a bar to any right or remedy which the Purchasers would otherwise have on any future occasion. The rights and remedies of the parties herein provided are cumulative and not alternatives, may be exercised singly or concurrently and are
not exclusive of any other rights or remedies provided by law. 
 (d) Enforcement Expenses; Indemnification.

  

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

  

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

  

	 	(iii)	Each Guarantor agrees to pay, and to save the Purchasers harmless from, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this Guarantee to the extent the Company would be required to do so pursuant to the Purchase Agreement, except
to the extent any such losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements result from any act, omission or other conduct by any Purchaser or its representatives that constitute fraud, gross negligence, willful
misconduct or malfeasance as determined by a final, non appealable decision of a court of competent jurisdiction. Claims for indemnification and defense by each Purchaser shall be made as provided in the Purchase Agreement. 

 

 12 

	 	(iv)	The agreements in this Section shall survive, in accordance with their respective terms, the repayment of the Obligations and all other amounts payable under the Purchase Agreement
and the other Transaction Documents. 

 (e) Successor and Assigns. This Guarantee shall be binding upon
and inure to the benefit of the Purchasers and their respective successors and assigns; provided that no Guarantor may assign, transfer or delegate any of its rights or obligations under this Guarantee without the prior written consent of the
Purchasers (other than by merger or joinder of an additional Guarantor as contemplated herein). Any Purchaser may assign any or all of its rights under this Guarantee to any Person to whom such Purchaser also assigns or transfers any Debentures in
accordance with the terms thereof and of the Purchase Agreement, provided such transferee agrees in writing to be bound, with respect to the transferred Debentures and corresponding interests in the other Transaction Documents, by the provisions of
this Guarantee, the Debentures, the Security Agreement and the Purchase Agreement that apply to the “Purchasers”, “Secured Parties” and the “Holders” hereunder and thereunder. 
 (f) Set-Off. Each Guarantor hereby irrevocably authorizes the Purchasers at any time and from time to time while an Event of
Default under any of the Transaction Documents shall have occurred and is continuing without being waived by the Holder or cured by the Company, without notice to such Guarantor or any other Guarantor, any such notice being expressly waived by each
Guarantor, to set-off and appropriate and apply any and all deposits, credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by the
Purchasers to or for the credit or the account of such Guarantor, or any part thereof in such amounts as the Purchasers may elect, against and on account of the obligations and liabilities of such Guarantor to the Purchasers hereunder and claims of
every nature and description of the Purchasers against such Guarantor, in any currency, whether arising hereunder, under the Purchase Agreement, any other Transaction Document or otherwise, as the Purchasers may elect, whether or not the Purchasers
have made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The Purchasers shall notify such Guarantor promptly of any such set-off and the application made by the Purchasers of the proceeds
thereof, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Purchasers under this Section are in addition to other rights and remedies (including, without limitation, other
rights of set-off) which the Purchasers may have. 
 (g) Counterparts. This Guarantee may be executed in one or more
counterparts of the entire document or of the signature pages hereto, any of which may be delivered by telecopy, email or other electronic means, and each of which 

  

 13 

 
when so executed shall be deemed to be an original, and all which when taken together shall constitute one and the same Guarantee. In the event that any
signature is delivered by facsimile transmission, e-mail, .pdf or similar format data file or other electronic means, such signature shall create a valid binding obligation of the party executing (or on whose behalf such signature is executed) the
same with the same force and effect as if such facsimile, “.pdf” or electronically transmitted signature page were an original thereof. 
 (h) Severability. If any term, provision, covenant or restriction of this Guarantee is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms,
provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, in each case unless the absence of the invalid, illegal, void or unenforceable term, provision,
covenant or restriction would impair the practical realization of the applicable party's principal rights and benefits hereunder, and the parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms,
provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable, in each case unless it absence of the invalid, illegal, void or unenforceable term, provision, covenant or
restriction would impair the practical realization of the applicable party's principal rights and benefits hereunder. 
 (i)
Section Headings. The Section headings used in this Guarantee are for convenience, only, do not constitute part of this Guarantee, and shall not be deemed to limit or affect any of the provisions hereof. 
 (j) Integration. This Guarantee is the Guarantee referred to in the Purchase Agreement and other Transaction Documents. All of the
applicable provisions of the Purchase Agreement and other Transaction Documents. All of the applicable provisions of the Purchase Agreement, including (without limitation) any provision for limiting the maximum rate of interest payable hereunder,
are incorporated herein by reference and made a part hereof. In the event that any specific provision of this Guarantee conflicts or is inconsistent with any specific term or provision contained in the Purchase Agreement shall control and be given
effect. However, this Guarantee contains provisions that are in addition to those contained in the Purchase Agreement, which each are cumulative with and not alternatives to each other, and which shall not be deemed or constructed to be in conflict
or inconsistent with the Purchase Agreement because they are not contained in it. 
 (k) Entire Understanding. No party
has (directly or indirectly) offered, made, accepted or acknowledged any representation, warranty, promise, 

  

 14 

 
assurance or other agreement or understanding (whether written, oral, express, implied or otherwise) to, with or for the benefit of any other party any of
their respective Affiliates or representatives respecting any of the matters contained in this Guarantee except for those expressly set forth in this Guarantee. This Guarantee, together with the exhibits and schedules hereto, contain the entire
understanding of the parties with respect to the subject matter hereof and supersede all prior representations, warranties, promises, assurances and other agreements and understandings (whether written, oral, express, implied or otherwise) with
respect to such matters, which the parties acknowledge have been merged into this Agreement and its exhibits and schedules. 
 (l) Governing Law. THIS GUARANTEE SHALL BE, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK, AND THE FEDERAL LAWS OF THE
UNITED STATES OF AMERICA, WITHOUT REGARD TO ANY PRINCIPLES OF CONFLICTS OF LAW THEREOF THAT WOULD DEFER TO THE SUBSTANTIVE LAWS OF ANY OTHER JURISDICTION. 
 (m) Submission to Jurisdictional; Waiver. Each party hereby irrevocably and unconditionally: 
  

	 	(i)	agrees that all proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Guarantee and the Debentures (whether brought against a
party hereto or its respective affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal courts sitting in the City of New York, Borough of Manhattan. Each Debtor
hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith or with any transaction
contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such proceeding is improper.;

  

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

  

 15 

	 	(iii)	irrevocably waives personal service of process and consents to process being served in any such proceeding by mailing a copy thereof via registered or certified mail or overnight
delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Guarantee and agrees that such service shall constitute good and sufficient service of process and notice thereof; and 

 

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

  

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

 The preceding consents to New York governing law and jurisdiction and venue in New York State's Supreme
Court have been made by the Parties in reliance (at least in part) on Sections 5-1401 and 5-1402 of the General Obligations Law of the State of New York, as amended (as and to the extent applicable), and other applicable law. 
 (n) Acknowledgements. Each Guarantor hereby acknowledges that: 
  

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

  

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

  

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

  

 16 

 (o) Additional Guarantors. The Company (pursuant to the terms of the Purchase
Agreement and the other Transaction Documents) shall cause each of its subsidiaries formed or acquired on or subsequent to the date hereof to become a Guarantor for all purposes of this Guarantee by executing and delivering an Assumption Agreement
in the form of Annex 1 hereto. 
 (p) Release of Guarantors. Subject to Section 2(f), each Guarantor will be
released from all liability hereunder concurrently with the repayment in full of all amounts owed under the Purchase Agreement, the Debentures and the other Transaction Documents. 
 (q) Seniority. The Obligations of each of the Guarantors hereunder rank senior in priority to any other Indebtedness (as defined in
the Purchase Agreement) of such Guarantor. 
 (r) Waiver of Jury Trial. IN ANY ACTION, SUIT OR PROCEEDING IN ANY
JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, EACH GUARANTOR AND, BY ACCEPTANCE OF THE BENEFITS HEREOF, THE PURCHASERS, HEREBY ABSOLUTELY, IRREVOCABLY, UNCONDITIONALLY AND EXPRESSLY WAIVE FOREVER TRIAL BY JURY. 
  

 17 

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

			
	[SUBSIDIARY]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 18 

 SCHEDULE 1 
 GUARANTORS 
 The following are the names, notice addresses and jurisdiction of organization of each
Guarantor. 
  

					
	  	 	 JURISDICTION OF
 INCORPORATION
	 	 COMPANY OWNED
 BY PERCENTAGE

  

 19 

 Annex 1 to 
 SUBSIDIARY GUARANTEE 
 ASSUMPTION AGREEMENT, dated as of
                 ,                  made by
                                        
    , a
                                        
         corporation (the “Additional Guarantor”), in favor of the Purchasers pursuant to the Purchase Agreement referred to below. All capitalized terms not defined herein shall have the
meaning ascribed to them in such Purchase Agreement. 
 W I T N E S S E T H : 
 WHEREAS, Star Energy Corporation, a Nevada corporation (the “Company”) and the Purchasers have entered into a Securities Purchase
Agreement, dated as of January     , 2007 (as amended, supplemented or otherwise modified from time to time, the “Purchase Agreement”); 
 WHEREAS, in connection with the Purchase Agreement, the Company and its Subsidiaries (other than the Additional Guarantor) have entered into the
Subsidiary Guarantee, dated as of February     , 2007 (as the same may have been hereafter may be, supplemented, modified, amended, restated or replaced from time to time, in the manner provided herein, the
“Guarantee”) in favor of the Purchasers; 
 WHEREAS, the Purchase Agreement requires the Additional Guarantor to become a
party to the Guarantee; and 
 WHEREAS, the Additional Guarantor has agreed to execute and deliver this Assumption Agreement in order to
become a party to the Guarantee; 
 NOW, THEREFORE, IT IS AGREED: 
 1. Guarantee. By executing and delivering this Assumption Agreement, the Additional Guarantor, as provided in Section 5(n) of the Guarantee,
hereby becomes a party to the Guarantee as a Guarantor thereunder with the same force and effect as if originally named therein as a Guarantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and
liabilities of a Guarantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedule 1 to the Guarantee. The Additional Guarantor hereby represents and warrants that each of the
representations and warranties contained in Section 3 of the Guarantee is true and correct on and as the date hereof as to such Additional Guarantor (after giving effect to this Assumption Agreement) as if made on and as of such date.

 2. Governing Law. THIS ASSUMPTION AGREEMENT SHALL BE, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, BE GOVERNED BY AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AND THE FEDERAL LAWS OF THE UNITED 

  

 20 

 
STATES OF AMERICA, WITHOUT REGARD TO ANY PRINCIPLES OF CONFLICTS OF LAW THEREOF THAT WOULD DEFER TO THE SUBSTANTIVE LAWS OF ANY OTHER JURISDICTION.

  

 21 

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

			
	[ADDITIONAL GUARANTOR]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 22

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