Document:

Security Agreement dated October 3, 2000

 EXHIBIT 10.2 
  
 SECURITY AGREEMENT 
  
 THIS SECURITY AGREEMENT (this “Agreement”), dated as of October 3, 2000, by FALCON ENTERTAINMENT CORP., a Delaware corporation (
the “Company” ), in favor of JAMES FALLACARO and CORINNE FALLACARO (together, the “Holders”). 
  
 RECITALS: 
  
 WHEREAS, the Company has executed a Secured Promissory Note (the “Note”) of even date herewith in favor of Holders; 
  
 WHEREAS, the obligations of the Company under the Note are intended to be
secured by certain Collateral (defined below) of the Company, as provided herein. 
  
 NOW, THEREFORE, for other good and valuable consideration, receipt of which is hereby acknowledged, the parties agree as follows: 
  
 TERMS OF AGREEMENT: 
  
 Section 1. Definitions; Interpretation. 
  
 (a) Unless otherwise expressly provided herein, when used in this Agreement the following capitalized terms shall have the following meanings: 

 
 “Code” shall mean the Uniform Commercial Code as the same may,
from time to time, be in effect in the State of Delaware; provided, however, in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of the security interest in any Collateral
is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of Delaware, the term “Code” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions
hereof relating to such attachment, perfection or priority and for purposes of definitions related to such provisions. 
  
 “Collateral” shall include all assets of the Company and each of its affiliates and subsidiaries, including without limitation the following,
all whether now owned or hereafter acquired or arising: (i) accounts, accounts receivable, contract rights, chattel paper, notes receivable, instruments and documents; (ii) goods of every nature, including without limitation, inventory,
stock-in-trade, raw materials, work in process, items held for sale or lease or furnished or to be furnished under contracts of sale or lease, goods that are returned, reclaimed or repossessed, together with materials used or consumed in the
Company’s business; (iii) equipment, including, without limitation, machinery, vehicles, furniture and fixtures; (iv) general intangibles, of every kind and description, including, but not limited to, all existing and future customer lists,
choses in action, claims (including without limitation claims for indemnification or breach of warranty), books, records, patents and patent applications, copyrights, trademarks, trade names, domain names, tradestyles, trademark applications,
goodwill, blueprints, drawings, designs and plans, trade secrets, contracts, licenses, license agreements, formulae, tax and any other types of refunds, returned and unearned insurance 

 premiums, rights and claims under insurance policies, and computer information, software, source codes, object codes,
records and data; (v) all cash and cash equivalents; and (vi) all cash and non-cash proceeds (including without limitation, insurance proceeds) of all of the foregoing property, all products thereof and, all additions and accessions thereto,
substitutions therefor and replacements thereof. 
  
 “Event
of Default” shall mean any failure to make a payment when due under the Note or any failure to perform or observe any obligations, covenants or agreements under this Agreement. 
  
 “Obligations” shall mean all the unpaid principal amount of, and accrued interest on, the Note, now existing or
hereafter incurred. 
  
 “Proceeds” shall have the
meaning assigned to it under the Code and, in any event, shall include, but not be limited to, (i) any and all proceeds of any insurance, indemnity, warranty or guaranty payable to the Company from time to time with respect to any of the Collateral,
(ii) any and all payments (in any form whatsoever) made or due and payable to the Company from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any
governmental body, authority, bureau or agency (or any person acting under color of governmental authority) and (iii) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral. 
  
 (b) Where applicable and except as otherwise defined herein, terms used in
this Agreement shall have the meanings assigned to them in the Code. 
  
 (c) In this Agreement, (i) the meaning of defined terms shall be equally applicable to both the singular and plural forms of the terms defined; and (ii) the captions and headings are for convenience of reference only and shall not affect
the construction of this Agreement. 
  
 Section 2. Grant of
Security Interest. As security for the prompt and complete payment and performance when due of all of the Obligations of the Company, the Company hereby pledges and grants to Holders a security interest in the Collateral. This Agreement shall
create a continuing security interest in the Collateral which shall remain in effect until terminated in accordance with Section 10 hereof. 
  
 Section 3. Covenants. The Company covenants and agrees with Holders that from and after the date of this Security Agreement and until the
Obligations are fully satisfied: 
  
 (a) At any time and from time
to time, upon the written request of Holders, and at the sole expense of the Company, the Company will promptly and duly execute and deliver any and all such further instruments and documents and take such further action as Holders may reasonably
deem desirable in obtaining the full benefits of this Security Agreement and of the rights and powers herein granted, including, without limitation, the filing of any 
  

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 financing or continuation statements under the Code. The Company also hereby authorizes Holders to file any such
financing or continuation statement without the signature of the Company to the extent permitted by applicable law. 
  
 (b) The Company will comply in all material respects, with all acts, rules, regulations, orders, decrees and directions of any governmental authority,
applicable to the Collateral or any part thereof or to the operation of the Company’s business; provided, however, that the Company may contest any act, regulation, order, decree or direction in any reasonable manner which shall not in the sole
opinion of Holders adversely affect Holders’ rights or the first priority of its security interest in the Company. 
  
 (c) The Company will not, without its Board of Directors' approval, create, permit or suffer to exist, and will defend the Collateral against and take
such other action as is necessary to remove, any lien or right, in or to the Collateral (other than those created hereunder) or the Proceeds thereof, other than (i) liens of current taxes not yet due and payable and (ii) liens and encumbrances which
do not in any case materially detract from the value of the Collateral. 
  
 Section 4. Remedies on Default. 
  
 (a) If any
Event of Default shall occur and be continuing, Holders may exercise, in addition to all other rights and remedies granted to it in this Security Agreement and in any other instrument or agreement securing, evidencing or relating to the Obligations,
all rights and remedies of secured parties under the Code. Without limiting the generality of the foregoing, the Company expressly agrees that in any such event Holders, without demand of performance or other demand, advertisement or notice of any
kind (except the notice specified below of time and place of public or private sale) to or upon the Company or any other person (all and each of which demands, advertisements and/or notices are hereby expressly waived), may forthwith collect,
receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give options to purchase, or sell or otherwise dispose of and deliver said Collateral (or contract to do so), or any part thereof,
in one or more parcels at public or private sale or sales, for cash or on credit or for future delivery without assumption of any credit risk. Holders shall provide ten (10) days prior notice of the time and place of any public or private sale.
Holders shall have the right, to the extent permitted by law, upon any such public sale or sales, and, upon such private sale or sales, to purchase the whole or any part of said Collateral so sold, free of any right or equity of redemption in the
Company. 
  
 (b) If any Event of Default shall occur and be
continuing, the Company expressly agrees that Holders shall have the right at any time, and in their sole discretion, to notify any persons obligated to the Company to make payment directly to Holders of any and all amounts due or to become due
thereon. 
  
 (c) The Company also agrees to pay all reasonable
costs of Holders, including reasonable attorneys' fees, incurred with respect to the collection of any of the Obligations and the enforcement of any of its rights hereunder. 
  

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 (d) Except as otherwise provided herein, the Company hereby waives presentment, demand, protest or any
notice (to the extent permitted by applicable law) of any kind in connection with this Agreement or any Collateral. 
  
 Section 5. Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction. 
  
 Section 6. No Waiver; Cumulative
Remedies. Holders shall not by any act, delay, omission or otherwise, be deemed to have waived any of their rights or remedies hereunder; and no waiver shall be valid unless in writing and signed by a Holder, and then only to the extent therein
set forth. A waiver by either Holder of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which Holders would otherwise have on any future occasion. 
  
 Section 7. Notices. All notices or other communications hereunder
shall be in writing and mailed, sent or delivered to the respective parties hereto at or to the applicable address set forth in the Note, or as shall otherwise be designated by any party in a written notice to the other parties hereto. All such
notices and other communications shall be effective (i) if delivered by hand, when delivered; or (ii) if sent by mail, upon the earlier of the date of receipt or five business days after deposit in the mail, first class. 
  
 Section 8. Entire Agreement; Amendment. This Agreement contains the
entire agreement of the Company and Holders with respect to the subject matter hereof and shall not be amended except by the written agreement of the Company and Holders. 
  
 Section 9. Successors and Assigns; Governing Law. This Agreement and all obligations of the Company hereunder shall
be binding upon the successors and assigns of the Company, and shall, together with the rights and remedies of Holders hereunder, inure to the benefit of Holders, all future Holders of the Note, and their respective successors and assigns. This
Agreement shall be governed by, and construed and interpreted in accordance with, the laws of the State of Delaware, excluding any choice of law provisions. 
  
 Section 10. Termination. Upon payment and performance in full of all obligations, this Agreement shall terminate and secured party shall promptly
execute and deliver to Company such documents and instruments reasonably requested by Company as shall be necessary to evidence termination of all security interests given by Company to Holders hereunder. 
  
 [SIGNATURES APPEAR ON FOLLOWING PAGE] 
  

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 IN WITNESS WHEREOF, the undersigned has duly executed this Security Agreement as of the day and year
first above written. 
  

			
	FALCON ENTERTAINMENT CORP.
		
	 By:  
	 	 /s/ Anthony Escamilla

	 	 	 Anthony Escamilla

	 	 	 Executive Vice President

  

 5Secured Promissory Note, dated July 29, 2004

 EXHIBIT 10.3 
  
 THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THIS NOTE MAY NOT BE SOLD, OFFERED FOR SALE,
PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS NOTE UNDER SAID ACT AND APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO FALCON ENTERTAINMENT CORPORATION THAT SUCH
REGISTRATION IS NOT REQUIRED. 
  
 SECURED PROMISSORY NOTE

  

			
	 $1,500,000
	 	July 29, 2004

  
 FOR VALUE RECEIVED,
subject to the terms and conditions set forth below, GLOBAL MUSIC INTERNATIONAL, INC., a Florida corporation (the “Company” or the “Maker”), hereby promises to pay to the order of CORINNE FALLACARO
(“Holder”) on demand (the “Maturity Date”), the principal amount of ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000) (the “Note”) plus all accrued interest in arrears from
and including the date hereof on the principal balance from time to time outstanding, compounded daily, at a rate per annum equal to six percent (6%). This Note may be prepaid in whole or in part, at any time or from time to time, without premium or
penalty. Interest shall be calculated on the basis of actual number of days elapsed over a year of 365 days. Notwithstanding any other provision of this Note to the contrary, Holder does not intend to charge and the Company shall not be required to
pay any interest or other fees or charges in excess of the maximum permitted by applicable law; any payments in excess of such maximum shall be refunded to the Company or credited to reduce principal hereunder. All payments received by Holder
hereunder will be applied first to costs of collection, if any, then to interest and the balance to principal. 
  
 The payment of principal and interest will be made by check, wire transfer, or such other means as Holder shall agree, in immediately available United
States funds sent to Holder at the address furnished to the Company for that purpose. 
  
 This Note will be registered on the books of the Company or its agent as to principal and interest. Any transfer of this Note will be effected only by surrender of this Note to the Company and reissuance of a new note
to the transferee. 
  
 Payment of this Note is secured by a
security interest in all assets of the Maker and each of its affiliates and subsidiaries pursuant to a Security Agreement of even date herewith between the Maker and the Holder. 
  
 1. Events of Default. The outstanding principal and accrued interest on this Note shall, at the option of Holder
hereof, become due and payable without notice or demand, upon the happening of any one of the following specified events: 
  

	 	(a)	failure to pay any amount as herein set forth; 

	 	(b)	default in the performance by the Company of any other obligation to Holder, which default is not cured within thirty (30) days after written notice of such default from Holder;

  

	 	(c)	insolvency (however evidenced) or the commission of any act of insolvency; 

  

	 	(d)	the making of a general assignment for the benefit of creditors; 

  

	 	(e)	the filing of any petition or the commencement of any proceeding by the Company or any endorser or guarantor of this Note for any relief under any bankruptcy or insolvency laws, or
any laws relating to the relief of debtors, readjustment of indebtedness, reorganizations, compositions, or extensions; 

  

	 	(f)	the filing of any petition or the commencement of any proceeding against the Company or any endorser or guarantor of this Note for any relief under any bankruptcy or insolvency
laws, or any laws relating to the relief of debtors, readjustment of indebtedness, reorganizations, compositions, or extensions, which proceeding is not dismissed within sixty (60) days; 

  

	 	(g)	suspension of the transaction of the usual business of the Company; 

  

	 	(h)	the past or future making of a false representation or warranty by the Company in connection with this Note; or 

  

	 	(i)	any acquisition of the Company, whether by merger, sale of assets or other transaction without first providing the Holder at least 10 calendar days prior written notice.

  
 2. Expenses of Collection. The Company
agrees to pay the Holder’s reasonable costs in collecting and enforcing this Note, including reasonable attorney’s fees. 
  
 3. Waiver or Amendment. No waiver of any obligation of the Company under this Note or any amendment to this Note shall be effective without the
written consent of either Holder hereof. A waiver by Holder of any right or remedy under this Note on any occasion shall not be a bar to exercise of the same right or remedy on any subsequent occasion or of any other right or remedy at any time.

  

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 4. Notice. Any notice required or permitted under this Note shall be in writing and shall be
deemed to have been given on the date of delivery, if personally delivered to the party to whom notice is to be given, or on the fifth business day after mailing, if mailed to the party to whom notice is to be given, by certified mail, return
receipt requested, postage prepaid, and addressed as follows: 
  
 If to the Company, at 
  
 Global Music International,
Inc. 
 20 Old Stagecoach Road 
 Redding, CT 06896 
 Attn:
                                 
  
 If to Holder, at 
  
 71 Great Pasture Road 
 Redding, CT 06896 
  
 or, in each case, to the most recent address, specified by written notice, given to the sender pursuant to this Section 5. 
  
 5. Waiver by Company. The Company hereby expressly waives presentment,
demand, and protest, notice of demand, dishonor and nonpayment of this Note, and all other notices or demands of any kind in connection with the delivery, acceptance, performance, default or enforcement hereof, and hereby consents to any delays,
extensions of time, renewals, waivers or modifications that may be granted or consented to by Holder hereof with respect to the time of payment or any other provision hereof. 
  
 6. Severability. In the event any one or more of the provisions of this Note shall for any reason be held to be
invalid, illegal or unenforceable, in whole or in part or in any respect, or in the event that any one or more of the provisions of this Note operate or would prospectively operate to invalidate this Note, then and in any such event, such
provision(s) only shall be deemed null and void and shall not affect any other provision of this Note and the remaining provisions of this Note shall remain operative and in full force and effect and in no way shall be affected, prejudiced, or
disturbed thereby. 
  
 7. Governing Law. This Note shall be
governed by and construed and enforced in accordance with the laws of the State of Florida. 
  

			
	 GLOBAL MUSIC INTERNATIONAL, INC.

		
	 By:
	 	 /s/ Christopher Mauritz, V.P.

  

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