Document:

THIS
      NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
      OR
      ANY 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 ANY APPLICABLE STATE SECURITIES LAWS OR AN OPINION
      OF
      COUNSEL REASONABLY SATISFACTORY TO PROLINK HOLDINGS CORP. THAT SUCH REGISTRATION
      IS NOT REQUIRED.

     

    SECURED
      REVOLVING NOTE

     

    FOR
      VALUE
      RECEIVED, each of PROLINK HOLDINGS CORP., a Delaware corporation (the
“Parent”),
      and
      the other companies listed on Exhibit
      A
      attached
      hereto (such other companies together with the Parent, each a “Company”
and
      collectively, the “Companies”),
      jointly and severally, promises to pay to CALLIOPE CAPITAL CORPORATION, c/o
      Laurus Capital Management, LLC, 335 Madison Avenue, 10th
      Floor,
      New York, New York 10017, Fax: 212-541-4410 (the “Holder”)
      or its
      registered assigns or successors in interest, the sum of Five Million Dollars
      ($5,000,000), or, if different, the aggregate principal amount of all Revolving
      Loans (as defined in the Security Agreement referred to below), together with
      any accrued and unpaid interest hereon, on August 17, 2009 (the “Maturity
      Date”)
      if not
      sooner indefeasibly paid in full.

     

    Capitalized
      terms used herein without definition shall have the meanings ascribed to such
      terms in the Security Agreement among the Companies and the Holder dated as
      of
      the date hereof (as amended, modified and/or supplemented from time to time,
      the
“Security
      Agreement”).

     

    The
      following terms shall apply to this Secured Revolving Note (this “Note”):

     

    ARTICLE
      I

    INTEREST
      RATE

     

    1.1 Interest
      Rate.

     

    (a) Subject
      to Sections 2.2 and 3.10, interest payable on the outstanding principal amount
      of Receivable Revolving Loans shall accrue at a rate per annum equal to the
      “prime rate” published in The
      Wall Street Journal
      from
      time to time (the “Prime
      Rate”),
      plus
      two percent (2.0%) (the “Receivable
      Loan Contract
      Rate”).
      The
      Receivable Loan Contract Rate shall be increased or decreased as the case may
      be
      for each increase or decrease in the Prime Rate in an amount equal to such
      increase or decrease in the Prime Rate; each change to be effective as of the
      day of the change in the Prime Rate. The Receivable Loan Contract Rate shall
      not
      at any time be less than nine percent (9%) or more than thirteen percent (13%).
      The Receivable Loan Contract Rate shall be calculated on the last business
      day
      of each calendar month hereafter (other than for increases or decreases in
      the
      Prime Rate which shall be calculated and become effective as set forth above)
      until the Maturity Date. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b) Subject
      to Sections 2.2 and 3.10, interest payable on the outstanding principal amount
      of Purchase Order Revolving Loans shall accrue at the rate of fifteen percent
      (15%) per annum.

     

    1.2 Interest
      Payments.
      Interest shall be (i) calculated on the basis of a 360 day year, and (ii)
      payable monthly, in arrears, commencing on September 1, 2007 on the first
      business day of each consecutive calendar month thereafter through and including
      the Maturity Date, and on the Maturity Date, whether by acceleration or
      otherwise.

     

    ARTICLE
      II

    EVENTS
      OF DEFAULT AND DEFAULT RELATED PROVISIONS

     

    2.1 Events
      of Default.
      The
      occurrence of an Event of Default under the Security Agreement shall constitute
      an event of default (“Event
      of Default”)
      hereunder.

     

    2.2 Default
      Interest.
      Following the occurrence and during the continuance of an Event of Default,
      the
      Companies shall, jointly and severally, pay additional interest on the
      outstanding principal balance of this Note in an amount equal to two percent
      (2%) per month, and all outstanding Obligations, including unpaid interest,
      shall continue to accrue interest at such additional interest rate from the
      date
      of such Event of Default until the date such Event of Default is cured or
      waived.

     

    2.3 Default
      Payment.
      Following the occurrence and during the continuance of an Event of Default,
      the
      Holder, at its option, may elect, in addition to all rights and remedies of
      the
      Holder under the Security Agreement and the other Ancillary Agreements and
      all
      obligations and liabilities of each Company under the Security Agreement and
      the
      other Ancillary Agreements, to require the Companies, jointly and severally,
      to
      make a Default Payment (“Default
      Payment”).
      The
      Default Payment shall be 120% of the outstanding principal amount of the Note,
      plus accrued but unpaid interest, all other fees then remaining unpaid, and
      all
      other amounts payable hereunder, under the Security Agreement or any other
      Ancillary Agreement. The Default Payment shall be applied first to any fees
      due
      and payable to the Holder pursuant to the Note, the Security Agreement and/or
      the Ancillary Agreements, then to accrued and unpaid interest due on the Notes
      and then to the outstanding principal balance of the Note. The Default Payment
      shall be due and payable immediately on the date that the Holder has demanded
      payment of the Default Payment pursuant to this Section 2.3. Notwithstanding
      anything to the contrary set forth herein, (a) if the Holder waives in writing
      any Event of Default, the Companies shall be relieved of their obligation to
      make the Default Payment with respect to such Event of Default and (b) no
      Default Payment shall be due and payable following the occurrence of an Event
      of
      Default under Section 19(m) of the Security Agreement if such Event of Default
      occurred solely as a result of the commencement of a civil proceeding against
      any Company, any of its Subsidiaries or any executive office of any Company
      or
      any of its Subsidiaries unless a judgment, writ or warrant of attachment or
      similar process shall be entered or filed against such Company, such Subsidiary
      or such officer with respect to such proceeding.

     

    
      
         

      

      
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    ARTICLE
      III

    MISCELLANEOUS

     

    3.1 Issuance
      of New Note.
      Upon
      any partial redemption of this Note, a new Note containing the same date and
      provisions of this Note shall, at the request of the Holder, be issued by the
      Companies to the Holder for the principal balance of this Note and interest
      which shall not have been paid. Subject to the provisions of Article II of
      this
      Note, the Companies shall not pay any costs, fees or any other consideration
      to
      the Holder for the production and issuance of a new Note.

     

    3.2 Cumulative
      Remedies.
      The
      remedies under this Note shall be cumulative.

     

    3.3 Failure
      or Indulgence Not Waiver.
      No
      failure or delay on the part of the Holder hereof in the exercise of any power,
      right or privilege hereunder shall operate as a waiver thereof, nor shall any
      single or partial exercise of any such power, right or privilege preclude other
      or further exercise thereof or of any other right, power or privilege. All
      rights and remedies existing hereunder are cumulative to, and not exclusive
      of,
      any rights or remedies otherwise available.

     

    3.4 Notices.
      Any
      notice herein required or permitted to be given shall be in writing and shall
      be
      deemed effective given (a) upon personal delivery to the party notified, (b)
      when sent by confirmed telex or facsimile if sent during normal business hours
      of the recipient, if not, then on the next business day, (c) five days after
      having been sent by registered or certified mail, return receipt requested,
      postage prepaid, or (d) one day after deposit with a nationally recognized
      overnight courier, specifying next day delivery, with written verification
      of
      receipt. All communications shall be sent to the respective Company at the
      address provided for such Company in the Security Agreement executed in
      connection herewith, and to the Holder at the address provided in the Security
      Agreement for the Holder or at such other address as the respective Company
      or
      the Holder may designate by ten days advance written notice to the other parties
      hereto.

     

    3.5 Amendment
      Provision.
      The
      term “Note” and all references thereto, as used throughout this instrument,
      shall mean this instrument as originally executed, or if later amended or
      supplemented, then as so amended or supplemented, and any successor instrument
      as such successor instrument may be amended or supplemented.

     

    3.6 Assignability.
      This
      Note shall be binding upon each Company and its successors and assigns, and
      shall inure to the benefit of the Holder and its successors and assigns, and
      may
      be assigned by the Holder in accordance with the requirements of the Security
      Agreement. No Company may assign any of its obligations under this Note without
      the prior written consent of the Holder, any such purported assignment without
      such consent being null and void.

     

    3.7 Cost
      of Collection.
      Following the occurrence of an Event of Default under this Note, the Companies
      shall, jointly and severally, pay the Holder the Holder’s reasonable costs of
      collection, including reasonable attorneys’ fees.

     

    3.8 Governing
      Law, Jurisdiction and Waiver of Jury Trial.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (a) THIS
      NOTE
      SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAW
      OF
      THE STATE OF NEW YORK, WITHOUT REGARD TO ITS PRINCIPLES OF CONFLICTS OF
      LAW.

     

    (b) EACH
      COMPANY HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED
      IN
      THE COUNTY OF NEW YORK, STATE OF NEW YORK SHALL HAVE EXCLUSIVE JURISDICTION
      TO
      HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN ANY COMPANY, ON THE ONE HAND,
      AND THE HOLDER, ON THE OTHER HAND, PERTAINING TO THIS NOTE, THE SECURITY
      AGREEMENT OR ANY OF THE OTHER ANCILLARY AGREEMENTS OR TO ANY MATTER ARISING
      OUT
      OF OR RELATED TO THIS NOTE, THE SECURITY AGREEMENT OR ANY OF THE OTHER ANCILLARY
      AGREEMENTS; PROVIDED,
      THAT,
      EACH
      COMPANY ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD
      BY
      A COURT LOCATED OUTSIDE OF THE COUNTY OF NEW YORK, STATE OF NEW YORK; AND
FURTHER PROVIDED,
      THAT,
      NOTHING
      IN THIS NOTE SHALL BE DEEMED OR OPERATE TO PRECLUDE THE HOLDER FROM BRINGING
      SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO COLLECT THE
      OBLIGATIONS, TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE
      OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE
      HOLDER. EACH COMPANY EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH
      JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH COMPANY
      HEREBY WAIVES ANY OBJECTION WHICH IT MAY HAVE BASED UPON LACK OF PERSONAL
      JURISDICTION, IMPROPER VENUE OR FORUM
      NON CONVENIENS.
      EACH
      COMPANY AND THE HOLDER HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT
      AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE
      OF
      SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED
      MAIL ADDRESSED TO THE COMPANY AGENT OR THE HOLDER, AS APPLICABLE, AT THE ADDRESS
      SET FORTH IN THE SECURITY AGREEMENT AND THAT SERVICE SO MADE SHALL BE DEEMED
      COMPLETED UPON THE EARLIER OF THE COMPANY AGENT’S OR THE HOLDER’S, AS
      APPLICABLE, ACTUAL RECEIPT THEREOF OR THREE (3) DAYS AFTER DEPOSIT IN THE U.S.
      MAILS, PROPER POSTAGE PREPAID.

     

    (c) EACH
      COMPANY DESIRES THAT ITS DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH
      APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS
      OF
      THE JUDICIAL SYSTEM AND OF ARBITRATION, EACH COMPANY HERETO WAIVES ALL RIGHTS
      TO
      TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE,
      WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE BETWEEN THE HOLDER, AND/OR
      ANY
      COMPANY ARISING OUT OF, CONNECTED WITH, RELATED OR INCIDENTAL TO THE
      RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH THIS NOTE, THE SECURITY
      AGREEMENT, ANY OTHER ANCILLARY AGREEMENT OR THE TRANSACTIONS RELATED HERETO
      OR
      THERETO.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    3.9 Severability.
      In the
      event that any provision of this Note is invalid or unenforceable under any
      applicable statute or rule of law, then such provision shall be deemed
      inoperative to the extent that it may conflict therewith and shall be deemed
      modified to conform with such statute or rule of law. Any such provision which
      may prove invalid or unenforceable under any law shall not affect the validity
      or enforceability of any other provision of this Note.

     

    3.10 Maximum
      Payments.
      Nothing
      contained herein shall be deemed to establish or require the payment of a rate
      of interest or other charges in excess of the maximum permitted by applicable
      law. In the event that the rate of interest required to be paid or other charges
      hereunder exceed the maximum rate permitted by such law, any payments in excess
      of such maximum rate shall be credited against amounts owed by the Companies
      to
      the Holder and thus refunded to the Companies.

     

    3.11 Security
      Interest.
      The
      Holder has been granted a security interest in certain assets of the Companies
      as more fully described in the Security Agreement and the Ancillary
      Agreements.

     

    3.12 Construction;
      Counterparts.
      Each
      party acknowledges that its legal counsel participated in the preparation of
      this Note and, therefore, stipulates that the rule of construction that
      ambiguities are to be resolved against the drafting party shall not be applied
      in the interpretation of this Note to favor any party against the other. This
      Note may be executed in one or more counterparts, each of which shall be deemed
      an original and all of which together shall be deemed to constitute one
      agreement. It is understood and agreed that if facsimile copies of this Note
      bearing facsimile signatures are exchanged between the parties hereto, such
      copies shall in all respects have the same weight, force and legal effect and
      shall be fully as valid, binding, and enforceable as if such signed facsimile
      copies were original documents bearing original signature.

     

    3.13 Registered
      Obligation.
      This
      Note is intended to be a registered obligation within the meaning of Treasury
      Regulation Section 1.871-14(c)(1)(i) and the Companies (or their agents) shall
      register this Note (and thereafter shall maintain such registration) as to
      both
      principal and any stated interest. Notwithstanding any document, instrument
      or
      agreement relating to this Note to the contrary, transfer of this Note (or
      the
      right to any payments of principal or stated interest thereunder) may only
      be
      effected by (i) surrender of this Note and either the reissuance by the
      Companies of this Note to the new holder or the issuance by the Companies of
      a
      new instrument to the new holder, or (ii) transfer through a book entry system
      maintained by the Companies (or their agents), within the meaning of Treasury
      Regulation Section 1.871-14(c)(1)(i)(B).

     

    [Balance
      of page intentionally left blank; signature page follows]

     

    
      
         

      

      
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    IN
      WITNESS WHEREOF,
      each
      Company has caused this Secured Revolving Note to be signed in its name
      effective as of this 17th
      day of
      August, 2007.

    

    
      	
              PROLINK
                HOLDINGS CORP.

            
	 
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            

    

     

    
      	
              WITNESS:

            
	 

    

     

    
      	
              PROLINK
                SOLUTIONS, LLC

            
	 
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            

    

     

    
      	
              WITNESS:

            
	 

    

     

    
      SIGNATURE
        PAGE TO

      SECURED
        REVOLVING NOTE

    

        

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A

     

    OTHER
      COMPANIES

     

    PROLINK
      SOLUTIONS, LLCExhibit
      10.16

    Execution
      Copy

    

    THIS
      NOTE
      AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR APPLICABLE STATE
      SECURITIES LAWS, AND MAY NOT BE SOLD, TRANSFERRED, OR OTHERWISE DISPOSED OF
      IN
      THE ABSENCE OF SUCH REGISTRATION OR RECEIPT BY THE COMPANY OF A WRITTEN OPINION
      OF COUNSEL IN THE FORM, SUBSTANCE AND SCOPE REASONABLY SATISFACTORY TO THE
      COMPANY THAT THIS NOTE AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF MAY
      BE
      SOLD, TRANSFERRED, OR OTHERWISE DISPOSED OF, UNDER AN EXEMPTION FROM
      REGISTRATION UNDER THE ACT AND SUCH STATE SECURITIES LAWS. 

     

    BOO
      KOO HOLDINGS, INC.

     

    Senior
      Secured Convertible Promissory Note

     

    
      	
              Date:
                April 3, 2008

            	
              $1,400,000.00

            

    

    

    For
      value
      received, BOO KOO HOLDINGS, INC., a Delaware corporation (the "Maker"
      or the
"Company"),
      hereby
      promises to pay to the order of HOLIGAN RACING, L.P., a Texas limited
      partnership (together with its successors and permitted assigns, the
"Holder"),
      in
      accordance with the terms hereinafter provided, the principal amount of
ONE
      MILLION FOUR HUNDRED THOUSAND DOLLARS AND NO/100 ($1,400,000.00).
      The
      Maker is issuing this senior secured convertible promissory note (this
"Note")
      to the
      Holder pursuant to the Settlement Agreement and Release (the "Settlement
      Agreement")
      of even
      date herewith among, Maker, Boo Koo Beverages, Inc., a Delaware corporation
      and
      wholly owned subsidiary of Maker ("Beverages"),
      and
      Holder. As used herein, the term "Issuance
      Date"
      means
      April 3, 2008.

     

    All
      payments under or pursuant to this Note shall be made in United States Dollars
      in immediately available funds to the Holder at the address of the Holder as
      set
      forth in the Security Agreement (as defined below), or at such other place
      as
      the Holder may designate from time to time in writing to the Maker, or by wire
      transfer of funds to the Holder's account, instructions for which are attached
      hereto as Exhibit A, or in Common Stock (as defined below) pursuant to
Section
      1.3
      hereof.
      The outstanding principal balance of this Note shall be due and payable on
      March
      31, 2010 (the "Maturity
      Date")
      or at
      such earlier time as provided herein.

     

    This
      Note
      is secured by a Guarantee and Security Agreement dated the date hereof (the
      "Security
      Agreement")
      by and
      among Maker and Holder in favor of the Holder covering certain collateral (the
      "Collateral"),
      all as
      more particularly described and provided therein, and is entitled to the
      benefits thereof. The Security Agreement, the Uniform Commercial Code financing
      statements on form UCC-1 filed in connection with the Security Agreement and
      any
      and all other documents executed and delivered by the Maker to the Holder under
      which the Holder is granted liens on assets of the Maker are collectively
      referred to as the "Security
      Documents."

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    ARTICLE
      I

    THE
      NOTE 

     

    Section
      1.1 Payment
      of Principal.
      The
      outstanding principal balance of this Note shall be paid in eight (8) equal
      quarterly installments payments of $175,000.00 each (each an "Installment
      Payment").
      Installment Payments shall be due and payable on June 30, 2008,
      September 30, 2008, December 31, 2008, March 31, 2009,
      June 30, 2009, September 30, 2009, December 31, 2009, and
      March 31, 2010 (each such date a "Payment
      Date").
      The
      Maker may prepay all or a portion of the principal amount (and accrued interest,
      if any) of this Note at any time and from time to time without penalty. Any
      partial prepayment shall be applied to the Installment Payments in inverse
      order
      of maturity.

     

    Section
      1.2 Mandatory
      Prepayments.
      Upon
      the sale of any material assets other than in the ordinary course of business
      by
      the Maker, Beverages, or any other subsidiary of Maker, or any combination
      thereof, or upon the sale by Maker, Beverages, or any other subsidiary of Maker,
      or any combination thereof, of any equity security (each, a "Capital
      Transaction"),
      the
      Maker shall, promptly with the receipt by the Maker, Beverages, or any other
      subsidiary of Maker, or any combination thereof, of the cash proceeds from
      any
      such Capital Transaction, pay to the Holder an amount equal to 25% of the gross
      cash proceeds received from such Capital Transaction Any
      payment made by the Maker pursuant to this Section
      1.2
      shall be
      applied to the Installment Payments in their inverse order of
      maturity.

     

    Section
      1.3 Cash
      or Stock.
      At the
      option of the Holder, Installment Payments or prepayments of principal may
      be
      paid in cash or shares of Common Stock, par value $0.0001 per share (the
"Common
      Stock"),
      of the
      Maker. If Holder elects to receive an Installment Payment on a Payment Date
      in
      shares of Common Stock, the Holder must deliver notice of such election five
      (5)
      business day prior to such Payment Date. The number of shares of Common Stock
      to
      be issued to the Holder on such Payment Date shall equal to the result obtained
      by dividing (x) the $175,000.00 by (y) the Conversion Price (as defined in
      Section
      3.2(a) below).

     

    Section
      1.4 Interest.
      If no
      Event of Default (as defined in Section 2.1 hereof) shall have occurred, the
      outstanding principal balance of this Note shall not bear interest. However,
      upon the occurrence of an Event of Default, the Maker shall pay interest in
      cash
      to the Holder, payable on demand, on the outstanding principal balance of this
      Note from the date of the Event of Default through the Maturity Date at the
      rate
      of sixteen percent (16%) per annum. Interest shall be computed on the basis
      of a
      360-day year of twelve (12) 30-day months and shall accrue from the date of
      occurrence of an Event of Default (including any cure period set forth
      herein).

     

    Section
      1.5 Ranking
      and Covenants.

     

    (a) Except
      as
      set forth on Schedule 1 attached hereto, no indebtedness of the Maker or
      Beverages or any other subsidiary of Maker is senior to this Note in right
      of
      payment, whether with respect to interest, damages or upon liquidation or
      dissolution or otherwise. Until this Note is fully paid and discharged in full,
      the Maker shall not, and shall not permit Beverages or any other subsidiary
      of
      Maker to, directly or indirectly, incur any indebtedness for borrowed money
      (excluding accounts payable incurred in the ordinary course of business) unless
      such indebtedness is expressly subordinated to this Note pursuant to a written
      subordination agreement acceptable in form, scope and substance to the Holder
      in
      its sole and absolute discretion.

     

    
      
         

      

      
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          2
          -

        
          

        

      

      
         

      

    

     

    (b) Except
      for Permitted Liens (as defined in Section
      4.11 below),
      until
      this Note is fully paid and discharged in full, the Maker shall not, and shall
      not permit Beverages or any other subsidiary of Maker to, directly or
      indirectly, incur any Lien (as defined in Section 4.11
      below)
      on or
      with respect to any of the Collateral now owned or hereafter acquired, or any
      interest therein or any income or profits therefrom, without the prior written
      consent of the Holder.

     

    (c) Until
      this Note is fully paid and discharged in full, Maker shall not, and shall
      not
      permit Beverages or any other subsidiary of Maker to, directly or indirectly,
      without the prior written consent of the Holder, redeem, purchase or otherwise
      acquire any of the Company's capital stock or set aside any monies for such
      a
      redemption, purchase or other acquisition.

     

    (d) The
      Maker
      shall perform any and all acts and execute any and all documents (including,
      without limitation, the execution, amendment or supplementation of any financing
      statement and continuation statement) for filing under the provisions of the
      Uniform Commercial Code (the "UCC"),
      and
      the rules and regulations thereunder, or any other statute, rule or regulation
      of any applicable jurisdiction which are necessary at the request of the Holder
      or its counsel in order to maintain in favor of the Holder of the Note, a valid
      and perfected lien on and security interest in the Collateral.

     

    Section
      1.6 Payment
      on Non-Business Days.
      Whenever any payment to be made shall be due on a Saturday, Sunday or a public
      holiday under the laws of the State of Texas, such payment may be due on the
      next succeeding business day and such next succeeding day shall be included
      in
      the calculation of the amount of accrued interest payable, if any, on such
      date.

     

    Section
      1.7 This
      Note
      may not be sold, transferred or otherwise disposed of by the Holder to any
      Person without the express written consent of the Company, which consent shall
      not be unreasonably withheld.

     

    Section
      1.8 Replacement.
      Upon
      receipt of a duly executed and notarized written statement from the Holder
      with
      respect to the loss, theft or destruction of this Note (or any replacement
      hereof) and a standard indemnity reasonably satisfactory to the Maker, or,
      in
      the case of a mutilation of this Note, upon surrender and cancellation of such
      Note, the Maker shall issue a new Note, of like tenor and amount, in lieu of
      such lost, stolen, destroyed or mutilated Note.
      The
      Holder hereby unconditionally agrees to indemnify and hold harmless the Maker
      against any claims, loss, liabilities, damages and expenses that may arise
      directly or indirectly on account of the actual or alleged loss, mutilation,
      theft or destruction of the original Note or the issuance of a new Note in
      exchange for said Note.

     

    
      
         

      

      
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    ARTICLE
      II

    EVENTS
      OF DEFAULT; REMEDIES 

     

    Section
      2.1 Events
      of Default.
      The
      occurrence of any of the following events shall be an "Event
      of Default"
      under
      this Note:

     

    (a) the
      Maker
      shall fail to make any Installment Payment on the date such Installment Payment
      is due, and such default is not fully cured within five (5) business days after
      the occurrence thereof; or

     

    (b) the
      Company's notice to the Holder, including by way of public announcement, at
      any
      time, of its inability to comply or its intention not to comply with proper
      requests for conversion of this Note into shares of Common Stock;
      or

     

    (c) the
      Maker
      shall fail to timely deliver the shares of Common Stock upon conversion of
      the
      Note in accordance with ARTICLE
      III
      hereof;
      or

     

    (d) default
      shall be made in the performance or observance of (i) any covenant, condition
      or
      agreement contained in this Note and such default is not fully cured within
      ten
      (10) business days after the Holder delivers written notice to the Maker of
      the
      occurrence thereof or (ii) any covenant, condition or agreement contained in
      the
      Security Documents, the Registration Rights Agreement of even date herewith
      between Maker and Holder (the "Registration
      Rights Agreement"),
      or any
      other transaction document which is not covered by any other provisions of
      this
      Section 2.1 and such default is not fully cured within ten (10) business days
      after the Holder delivers written notice to the Maker of the occurrence thereof;
      or

     

    (e) any
      material representation or warranty made by either of the Maker herein or in
      the
      Security Documents, the Registration Rights Agreement, or any other transaction
      document shall prove to have been false or incorrect or breached in a material
      respect on the date as of which made and the Holder delivers written notice
      to
      the Maker of the occurrence thereof; or

     

    (f) the
      Maker
      shall (i) apply for or consent to the appointment of, or the taking of
      possession by, a receiver, custodian, trustee or liquidator of itself or of
      all
      or a substantial part of its property or assets, (ii) make a general assignment
      for the benefit of its creditors, (iii) commence a voluntary case under the
      United States Bankruptcy Code (as now or hereafter in effect) or under the
      comparable laws of any jurisdiction (foreign or domestic), (iv) file a petition
      seeking to take advantage of any bankruptcy, insolvency, moratorium,
      reorganization or other similar law affecting the enforcement of creditors'
      rights generally, (v) acquiesce in writing to any petition filed against it
      in
      an involuntary case under United States Bankruptcy Code (as now or hereafter
      in
      effect) or under the comparable laws of any jurisdiction (foreign or domestic),
      or (vi) issue a notice of bankruptcy or winding down of its operations or issue
      a press release regarding same; or

     

    
      
         

      

      
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    (g) a
      proceeding or case shall be commenced in respect of the Maker, without its
      application or consent, in any court of competent jurisdiction, seeking (i)
      the
      liquidation, reorganization, moratorium, dissolution, winding up, or composition
      or readjustment of its debts, (ii) the appointment of a trustee, receiver,
      custodian, liquidator or the like of it or of all or any substantial part of
      its
      assets in connection with its liquidation or dissolution or (iii) similar relief
      in respect of it under any law providing for the relief of debtors, and such
      proceeding or case described in clause (i), (ii) or (iii) shall continue
      undismissed, or unstayed and in effect, for a period of thirty (30) days or
      any
      order for relief shall be entered in an involuntary case under United States
      Bankruptcy Code (as now or hereafter in effect) or under the comparable laws
      of
      any jurisdiction (foreign or domestic) against either of the Maker or action
      under the laws of any jurisdiction (foreign or domestic) analogous to any of
      the
      foregoing shall be taken with respect to either of the Maker and shall continue
      undismissed, or unstayed and in effect for a period of thirty (30)
      days.

     

    Section
      2.2 Remedies
      Upon An Event of Default.
      If an
      Event of Default shall have occurred and shall be continuing, the Holder of
      this
      Note may at any time at its option, 

     

    (a) declare
      the entire unpaid principal balance of this Note, together with all interest,
      if
      any, accrued hereon, due and payable, and thereupon, the same shall be
      accelerated and so due and payable, without presentment, demand, protest, or
      notice, all of which are hereby expressly unconditionally and irrevocably waived
      by the Maker; provided,
      however, that
      upon
      the occurrence of an Event of Default described in paragraphs (f)
      and
(g)
      of
Section
      2.1,
      the
      outstanding principal balance and accrued interest hereunder shall be
      automatically due and payable; or

     

    (b) demand
      that the principal amount of this Note then outstanding shall be converted
      into
      shares of Common Stock at the Conversion Price (as defined in Section
      3.2(a) below)
      then in
      effect; or

     

    (c) exercise
      or otherwise enforce any one or more of the Holder's rights, powers, privileges,
      remedies and interests under this Note, the Security Agreement, or applicable
      law.

     

    In
      connection with the Holder's exercise of any of its remedies hereunder, the
      Maker shall use its commercially reasonable efforts to cooperate with the Holder
      to the end that the Holder's rights hereunder will be effectuated.

     

    ARTICLE
      III

    CONVERSION;
      ANTIDILUTION

     

    Section
      3.1 Conversion.
      At any
      time on or after the Issuance Date, this Note shall be convertible (in whole
      or
      in part), at the option of the Holder (the "Optional
      Conversion"),
      into
      such number of fully paid and non-assessable shares of Common Stock (the
"Conversion
      Rate")
      as is
      determined by dividing (x) that portion of the outstanding principal balance
      under this Note as of such date that the Holder elects to convert by (y) the
      Conversion Price (as defined in Section
      3.2(a)
      hereof)
      then in effect; provided,
      however,
      that the
      Conversion Price shall be subject to adjustment as described in Section
      3.4
      of this
      Note. The Holder shall deliver this Note to the Company simultaneously at such
      time that this Note is fully converted. With respect to partial conversions
      of
      this Note, the Company shall keep and attach hereto written records of the
      amount of this Note converted as of each Conversion Date.

     

    
      
         

      

      
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    Section
      3.2 Conversion
      Price.

     

    (a) The
      term
"Conversion
      Price"
      shall
      mean $0.75, subject to adjustment under Section
      3.4
      hereof.
      References herein to the Conversion Price mean the Conversion Price as from
      time
      to time adjusted pursuant to the provisions of Section
      3.4
      and in
      effect on the applicable date.

     

    (b) The
      term
"Conversion
      Shares"
      shall
      mean such shares of Common Stock issuable upon Conversion of this
      Note.

     

    Section
      3.3 Mechanics
      of Conversion.
      The
      Holder shall give the Company five (5) business days' prior written notice
      (the
"Optional
      Conversion Notice")
      of each
      Optional Conversion. The date on which each conversion is effected is herein
      referred to as a "Conversion
      Date."
      Not
      later than five (5) Trading Days after each Conversion Date (the last day of
      each such period, a "Delivery
      Date"),
      the
      Company or its designated transfer agent, as applicable, shall issue and deliver
      to the Depository Trust Company ("DTC")
      account
      on the Holder's behalf via the Deposit Withdrawal Agent Commission System
      ("DWAC")
      as
      specified in the Optional Conversion Notice, registered in the name of the
      Holder or its designee, for the number of shares of Common Stock to which the
      Holder shall be entitled. Notwithstanding the foregoing, in the alternative,
      not
      later than the Delivery Date, the Company shall deliver to the applicable Holder
      by express courier a certificate or certificates representing the number of
      shares of Common Stock being acquired upon the conversion of this Note. If,
      in
      the case of any Optional Conversion such DWAC transfer or certificate or
      certificates are not delivered to or as directed by the applicable Holder by
      the
      Delivery Date, the Holder shall be entitled by written notice to the Company
      at
      any time on or before its receipt of such certificate or certificates
      thereafter, to rescind such conversion, in which event the Company shall
      immediately return this Note tendered for conversion, whereupon the Company
      and
      the Holder shall each be restored to their respective positions immediately
      prior to the delivery of such notice of revocation.

     

    Section
      3.4 Adjustment
      of Conversion Price.

     

    (a) The
      Conversion Price shall be subject to adjustment from time to time as
      follows:

     

    (i) Adjustments
      for Stock Splits and Combinations.
      If the
      Company shall at any time or from time to time after the Issuance Date, effect
      a
      stock split of the outstanding Common Stock, the applicable Conversion Price
      in
      effect immediately prior to the stock split shall be proportionately decreased.
      If the Company shall at any time or from time to time after the Issuance Date,
      combine the outstanding shares of Common Stock, the applicable Conversion Price
      in effect immediately prior to the combination shall be proportionately
      increased. Any adjustments under this Section
      3.4(a)(i)
      shall be
      effective at the close of business on the date the stock split or combination
      occurs.

     

    
      
         

      

      
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    (ii) Adjustments
      for Certain Dividends and Distributions.
      If the
      Company shall at any time or from time to time after the Issuance Date make
      or
      issue or set a record date for the determination of holders of Common Stock
      entitled to receive a dividend or other distribution payable in shares of Common
      Stock, then, and in each event, the applicable Conversion Price in effect
      immediately prior to such event shall be decreased as of the time of such
      issuance or, in the event such record date shall have been fixed, as of the
      close of business on such record date, by multiplying the applicable Conversion
      Price then in effect by a fraction:

     

    (1) the
      numerator of which shall be the total number of shares of Common Stock issued
      and outstanding immediately prior to the time of such issuance or the close
      of
      business on such record date; and

     

    (2) the
      denominator of which shall be the total number of shares of Common Stock issued
      and outstanding immediately prior to the time of such issuance or the close
      of
      business on such record date plus the number of shares of Common Stock issuable
      in payment of such dividend or distribution.

     

    (iii) Adjustments
      for Reclassification, Exchange or Substitution.
      If the
      Common Stock issuable upon conversion of this Note at any time or from time
      to
      time after the Issuance Date shall be changed to the same or different number
      of
      shares of any class or classes of stock, whether by reclassification, exchange,
      substitution or otherwise (other than by way of a stock split or combination
      of
      shares or stock dividends provided for in clauses (i)
      and
(ii)
      of
Section
      3.4(a),
      or a
      reorganization, merger, consolidation, or sale of assets provided for in
Section
      3.4(a)(iv)),
      then,
      and in each event, an appropriate revision to the Conversion Price shall be
      made
      and provisions shall be made (by adjustments of the Conversion Price or
      otherwise) so that the Holder shall have the right thereafter to convert this
      Note into the kind and amount of shares of stock and other securities receivable
      upon reclassification, exchange, substitution or other change, by holders of
      the
      number of shares of Common Stock into which such Note might have been converted
      immediately prior to such reclassification, exchange, substitution or other
      change, all subject to further adjustment as provided herein.

     

    
      
         

      

      
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    (iv) Adjustments
      for Reorganization, Merger, Consolidation or Sales of Assets.
      If at
      any time or from time to time after the Issuance Date there shall be a capital
      reorganization of the Company (other than by way of a stock split or combination
      of shares or stock dividends or distributions provided for in clauses
(i)
      and
(ii)
      of
Section
      3.4(a),
      or a
      reclassification, exchange or substitution provided for in Section
      3.4(a)(iii)),
      or a
      merger or consolidation of the Company with or into another corporation where
      the holders of outstanding voting securities of the Company prior to such merger
      or consolidation do not own over fifty percent (50%) of the outstanding voting
      securities of the merged or consolidated entity, immediately after such merger
      or consolidation, or the sale of all or substantially all of the Company's
      properties or assets to any other person (an "Organic
      Change"),
      then
      as a part of such Organic Change, (A) if the surviving entity in any such
      Organic Change is a public company that is registered pursuant to the Securities
      Exchange Act of 1934, as amended, and its common stock is listed or quoted
      on a
      national exchange or the OTC Bulletin Board, an appropriate revision to the
      Conversion Price shall be made and provision shall be made (by adjustments
      of
      the Conversion Price) so that the Holder shall have the right thereafter to
      convert such Note into the kind and amount of shares of stock and other
      securities or property of the Company or any successor corporation as it would
      have received as a result of such Organic Change if it had converted this Note
      into Common Stock immediately prior to such Organic Change, and (B) if the
      surviving entity in any such Organic Change is not a public company that is
      registered pursuant to the Securities Exchange Act of 1934, as amended, or
      its
      common stock is not listed or quoted on a national securities exchange or the
      OTC Bulletin Board, the Holder shall have the right to demand prepayment. In
      any
      such case, appropriate adjustment shall be made in the application of the
      provisions of this Section
      3.4(a)(iv)
      with
      respect to the rights of the Holder after the Organic Change to the end that
      the
      provisions of this Section
      3.4(a)(iv)
      (including any adjustment in the applicable Conversion Price then in effect
      and
      the number of shares of stock or other securities deliverable upon conversion
      of
      this Note) shall be applied after that event in as nearly an equivalent manner
      as may be practicable.

     

    (b) No
      Impairment.
      The
      Company shall not, by amendment of its Certificate of Incorporation or through
      any reorganization, transfer of assets, consolidation, merger, dissolution,
      issue or sale of securities or any other voluntary action, avoid or seek to
      avoid the observance or performance of any of the terms to be observed or
      performed hereunder by the Company, but will at all times in good faith, assist
      in the carrying out of all the provisions of this Section
      3.4
      and in
      the taking of all such action as may be necessary or appropriate in order to
      protect the conversion rights of the Holder against impairment. In the event
      a
      Holder shall elect to convert any Notes as provided herein, the Company cannot
      refuse conversion based on any claim that such Holder or any one associated
      or
      affiliated with such Holder has been engaged in any violation of law, violation
      of an agreement to which such Holder is a party or for any reason whatsoever,
      unless, an injunction from a court, or notice, restraining and or adjoining
      conversion of all or of said Notes shall have issued and the Company posts
      a
      surety bond for the benefit of such Holder in an amount equal to one hundred
      percent (100%) of the amount of the Notes the Holder has elected to convert,
      which bond shall remain in effect until the completion of arbitration/litigation
      of the dispute and the proceeds of which shall be payable to such Holder (as
      liquidated damages) in the event it obtains judgment.

     

    (c) Certificates
      as to Adjustments.
      Upon
      occurrence of each adjustment or readjustment of the Conversion Price or number
      of shares of Common Stock issuable upon conversion of this Note pursuant to
      this
Section
      3.4,
      the
      Company at its expense shall promptly compute such adjustment or readjustment
      in
      accordance with the terms hereof and furnish to the Holder a certificate setting
      forth such adjustment and readjustment, showing in detail the facts upon which
      such adjustment or readjustment is based. The Company shall, upon written
      request of the Holder, at any time, furnish or cause to be furnished to the
      Holder a like certificate setting forth such adjustments and readjustments,
      the
      applicable Conversion Price in effect at the time, and the number of shares
      of
      Common Stock and the amount, if any, of other securities or property which
      at
      the time would be received upon the conversion of this Note. Notwithstanding
      the
      foregoing, the Company shall not be obligated to deliver a certificate unless
      such certificate would reflect an increase or decrease of at least one percent
      (1%) of such adjusted amount.

     

    
      
         

      

      
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    (d) Issue
      Taxes.
      The
      Maker shall pay any and all issue and other taxes, excluding federal, state
      or
      local income taxes, that may be payable in respect of any issue or delivery
      of
      shares of Common Stock on conversion of this Note pursuant thereto; provided,
      however,
      that the
      Maker shall not be obligated to pay any transfer taxes resulting from any
      transfer requested by the Holder in connection with any such
      conversion.

     

    (e) Fractional
      Shares.
      No
      fractional shares of Common Stock shall be issued upon conversion of this Note.
      In lieu of any fractional shares to which the Holder would otherwise be
      entitled, the Maker shall pay in cash any remainder resulting from after the
      number of whole shares is determined as a result of any conversion.

     

    (f) Reservation
      of Common Stock.
      The
      Company shall at all times when this Note shall be outstanding, reserve and
      keep
      available out of its authorized but unissued Common Stock such number of shares
      of Common Stock as shall from time to time be sufficient to effect the
      conversion of this Note. The Company shall, from time to time in accordance
      with
      Delaware law, increase the authorized number of shares of Common Stock if at
      any
      time the unissued number of authorized shares shall not be sufficient to satisfy
      the Company's obligations under this Section
      3.4(f).

     

    (g) Regulatory
      Compliance.
      If any
      shares of Common Stock to be reserved for the purpose of conversion of this
      Note
      require registration or listing with or approval of any governmental authority,
      stock exchange or other regulatory body under any federal or state law or
      regulation or otherwise before such shares may be validly issued or delivered
      upon conversion, the Company shall, at its sole cost and expense, in good faith
      and as expeditiously as possible, endeavor to secure such registration, listing
      or approval, as the case may be.

     

    Section
      3.5 No
      Rights as Stockholder.
      Nothing
      contained in this Note shall be construed as conferring upon the Holder, prior
      to the conversion of this Note, the right to vote or to receive dividends or
      to
      consent or to receive notice as a stockholder in respect of any meeting of
      stockholders for the election of directors of the Company or of any other
      matter, or any other rights as a stockholder of the Company.

     

    ARTICLE
      IV

    MISCELLANEOUS

     

    Section
      4.1 Notices.
      

     

    (b) Any
      notice, demand, request, waiver or other communication required or permitted
      to
      be given hereunder shall be in writing and shall be effective (a) upon hand
      delivery, telecopy or facsimile at the address or number designated in the
      Security Agreement (if delivered on a business day during normal business hours
      where such notice is to be received), or the first business day following such
      delivery (if delivered other than on a business day during normal business
      hours
      where such notice is to be received) or (b) on the second business day following
      the date of mailing by express courier service, fully prepaid, addressed to
      such
      address, or upon actual receipt of such mailing, whichever shall first occur.
      

     

    
      
         

      

      
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    (c) The
      Maker
      will give written notice to the Holder at least ten (10) days prior to the
      date
      on which the Company takes a record (x) with respect to any dividend or
      distribution upon the Common Stock, (y) with respect to any pro rata
      subscription offer to holders of Common Stock or (z) for determining rights
      to
      vote with respect to any Organic Change, dissolution, liquidation or winding-up
      but in no event shall such notice be provided to the Holder prior to such
      information being made known to the public. The Maker also will give written
      notice to the Holder at least ten (10) days prior to the date on which any
      Organic Change, dissolution, liquidation or winding-up will take place but
      in no
      event shall such notice be provided to the Holder prior to such information
      being made known to the public. . 

     

    Section
      4.2 Governing
      Law; Consent to Jurisdiction.
      The
      parties acknowledge and agree that any claim, controversy, dispute or action
      relating in any way to this agreement or the subject matter of this agreement
      shall be governed solely by the laws of the State of Texas, without regard
      to
      any conflict of laws doctrines. The parties irrevocably consent to being served
      with legal process issued from the state and federal courts located in Texas
      and
      irrevocably consent to the exclusive personal jurisdiction of the federal and
      state courts situated in the State of Texas. The parties irrevocably waive
      any
      objections to the personal jurisdiction of these courts. Said courts shall
      have
      sole and exclusive jurisdiction over any and all claims, controversies, disputes
      and actions which in any way relate to this Note or the subject matter of this
      agreement. The parties also irrevocably waive any objections that these courts
      constitute an oppressive, unfair, or inconvenient forum and agree not to seek
      to
      change venue on these grounds or any other grounds. Nothing in this Section
      4.2
      shall affect or limit any right to serve process in any other manner permitted
      by law.

     

    Section
      4.3 Headings.
      Article
      and section headings in this Note are included herein for purposes of
      convenience of reference only and shall not constitute a part of this Note
      for
      any other purpose.

     

    Section
      4.4 Remedies,
      Characterizations, Other Obligations, Breaches and Injunctive
      Relief.
      The
      remedies provided in this Note shall be cumulative and in addition to all other
      remedies available under this Note, at law or in equity (including, without
      limitation, a decree of specific performance and/or other injunctive relief),
      no
      remedy contained herein shall be deemed a waiver of compliance with the
      provisions giving rise to such remedy and nothing herein shall limit a Holder's
      right to pursue actual damages for any failure by the Maker to comply with
      the
      terms of this Note. Amounts set forth or provided for herein with respect to
      payments, conversion and the like (and the computation thereof) shall be the
      amounts to be received by the Holder hereof and shall not, except as expressly
      provided herein, be subject to any other obligation of the Maker (or the
      performance thereof). The Maker acknowledges that a breach by it of its
      obligations hereunder will cause irreparable and material harm to the Holder
      and
      that the remedy at law for any such breach may be inadequate. Therefore Maker
      agrees that, in the event of any such breach or threatened breach, the Holder
      shall be entitled, in addition to all other available rights and remedies,
      at
      law or in equity, to seek and obtain such equitable relief, including but not
      limited to an injunction restraining any such breach or threatened breach,
      without the necessity of showing economic loss and without any bond or other
      security being required.

     

    
      
         

      

      
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    Section
      4.5 Enforcement
      Expenses.
      The
      Maker agrees to pay all reasonable costs and expenses of the Holder incurred
      as
      a result of enforcement of this Note, including, without limitation, reasonable
      attorneys' fees and expenses.

     

    Section
      4.6 Binding
      Effect.
      The
      obligations of the Maker and the Holder set forth herein shall be binding upon
      the successors and assigns of each such party, whether or not such successors
      or
      assigns are permitted by the terms hereof.

     

    Section
      4.7 Amendments.
      This
      Note may not be modified or amended in any manner except in writing executed
      by
      the Maker and the Holder.

     

    Section
      4.8 Compliance
      with Securities Laws.
      The
      Holder of this Note acknowledges that this Note is being acquired solely for
      the
      Holder's own account and not as a nominee for any other party, and for
      investment and not with a view to the distribution hereof. This Note and any
      Note issued in substitution or replacement therefor shall be stamped or
      imprinted with a legend in substantially the following form:

     

    "THIS
      NOTE AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE NOT BEEN REGISTERED
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR APPLICABLE STATE
      SECURITIES LAWS, AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF
      IN
      THE ABSENCE OF SUCH REGISTRATION OR RECEIPT BY THE COMPANY OF A WRITTEN OPINION
      OF COUNSEL IN THE FORM, SUBSTANCE AND SCOPE REASONABLY SATISFACTORY TO THE
      COMPANY THAT THIS NOTE AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF MAY
      BE
      SOLD, TRANSFERRED, OR OTHERWISE DISPOSED OF, UNDER AN EXEMPTION FROM
      REGISTRATION UNDER THE ACT AND SUCH STATE SECURITIES LAWS."

     

    Section
      4.9 Failure
      or Indulgence Not Waiver.
      No
      failure or delay on the part of the Holder in the exercise of any power, right
      or privilege hereunder shall operate as a waiver thereof, nor shall any single
      or partial exercise of any such power, right or privilege preclude other or
      further exercise thereof or of any other right, power or privilege, nor shall
      any waiver by the Holder of any such right or rights on any one occasion be
      deemed a waiver of the same right or rights on any future occasion.

     

    Section
      4.10 Maker's
      Waivers.

     

    (a) Except
      as
      otherwise specifically provided herein, the Maker and all others that may become
      liable for all or any part of the obligations evidenced by this Note, hereby
      waive presentment, demand, notice of nonpayment, protest and all other demands'
      and notices in connection with the delivery, acceptance, performance and
      enforcement of this Note, and do hereby consent to any number of renewals of
      extensions of the time or payment hereof and agree that any such renewals or
      extensions may be made without notice to any such persons and without affecting
      their liability herein and do further consent to the release of any person
      liable hereon, all without affecting the liability of the other persons, firms
      or Maker liable for the payment of this Note, AND DO HEREBY WAIVE TRIAL BY
      JURY.

     

    
      
         

      

      
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    (b) THE
      MAKER
      ACKNOWLEDGES THAT THE TRANSACTION OF WHICH THIS NOTE IS A PART IS A COMMERCIAL
      TRANSACTION, AND TO THE EXTENT ALLOWED BY APPLICABLE LAW, HEREBY WAIVES ITS
      RIGHT TO NOTICE AND HEARING WITH RESPECT TO ANY PREJUDGMENT REMEDY WHICH THE
      HOLDER OR ITS SUCCESSORS OR ASSIGNS MAY DESIRE TO USE.

     

    Section
      4.11 Definitions.
      For the
      purposes hereof, the following term shall have the following
      meaning:

     

    "Lien"
      means
      any mortgage, charge, pledge, lien (statutory or other), security interest,
      hypothecation, assignment for security, claim or preference or priority or
      other
      encumbrance upon or with respect to any property of any kind. A Person shall
      be
      deemed to own subject to a Lien any property which such Person has acquired
      or
      holds subject to the interest of a vendor or lessor under any conditional sale
      agreement, capital lease or other title retention agreement.

     

    "Permitted
      Liens"
      shall
      have the meaning given such term in the Security Agreement.

     

    "Person" shall
      have the meaning given such term in the Security Agreement.

     

    "Trading
      Day"
      means
      (a) a day on which the Common Stock is traded on the Pink Sheets, OTC Bulletin
      Board, or (b) if the Common Stock is not traded on the OTC Bulletin Board,
      a day
      on which the Common Stock is quoted in the over-the-counter market as reported
      by the Pink Sheets LLC (or any similar organization or agency succeeding its
      functions of reporting prices); provided,
      however, that
      in
      the event that the Common Stock is not listed or quoted as set forth in (a)
      or
      (b) hereof, then Trading Day shall mean any day except Saturday, Sunday and
      any
      day which shall be a legal holiday or a day on which banking institutions in
      the
      State of Texas are authorized or required by law or other government action
      to
      close.

     

    Section
      4.12 Usury.
      All
      agreements between the Maker and the Holder are hereby expressly limited to
      provide that in no contingency or event whatsoever, whether by reason of
      acceleration of maturity of the indebtedness evidenced hereby or otherwise,
      shall the amount paid or agreed to be paid to the Holder for the use,
      forbearance or detention of the indebtedness evidenced hereby exceed the maximum
      amount which the Holder is permitted to receive under applicable law. If, from
      any circumstances whatsoever, fulfillment of any provision hereof, at the time
      performance of such provision shall be due, shall involve transcending the
      limit
      of validity prescribed by law, then, ipso facto, the obligation to be fulfilled
      shall automatically be reduced to the limit of such validity, and if from any
      circumstance the Holder shall ever receive as interest an amount which would
      exceed the highest lawful rate, such amount which would be excessive interest
      shall be applied to the reduction of the principal balance of any of the Maker's
      obligations to the Holder, and not to the payment of interest hereunder. To
      the
      extent permitted by applicable law, all sums paid or agreed to be paid for
      the
      use, forbearance or detention of the indebtedness evidenced by this Note shall
      be amortized, prorated, allocated and spread throughout the full term of such
      indebtedness until payment in full, to the end that the rate or amount of
      interest on account of such indebtedness does not exceed any applicable usury
      ceiling. As used herein, the term "applicable law" shall mean the all
      applicable provisions of constitutions, statutes, laws, rules and
      regulations
      in
      effect as of the date hereof, provided, however, that in the event there is
      a
      change in such applicable law which results in a higher permissible rate of
      interest, then this Note shall be governed by such new law as of its effective
      date. This provision shall control every other provision of all agreements
      between the Maker and the Holder.

     

    
      
         

      

      
        -
          12
          -

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the Maker has caused this Note to be duly executed as of the
      Issuance Date set out above.

     

    
      	
              BOO
                KOO HOLDINGS, INC.

            
	 
	
              By:

            	 
	 	 
	
              Print Name:

            	 
	 	 
	
              Title:

            	 

    

     

    
      
         

      

      
        -
          13
          -

        
          

        

      

      
         

      

    

    EXHIBIT
      A

     

    WIRE
      INSTRUCTIONS

     

    Payee:
      __________________________________________________________________

    Bank:
      ___________________________________________________________________

    Address:
      ________________________________________________________________

    __________________________________________________________

    Bank
      No.:
      _______________________________________________________________

    Account
      No.: ____________________________________________________________

    Account
      Name: ___________________________________________________________

     

    
      
         

      

      
        Exhibit
          A-1

        
          

        

      

      
         

      

    

     

    FORM
      OF NOTICE OF OPTIONAL CONVERSION INTO SHARES OF COMMON
      STOCK

     

    (To
      be
      Executed by the Registered Holder in order to Convert the Note into Shares
      of
      Common Stock)

     

    The
      undersigned hereby irrevocably elects to convert $ ________________ of the
      principal amount of the above Note into shares of Common Stock of BOO KOO
      HOLDINGS, INC. (the "Company") according to the conditions hereof, as of the
      date written below.

     

    Date
      of
      Conversion:
      ____________________________________________________________________________________

     

    Applicable
      Conversion Price:
      ___________________________________________________________________________

     

    Signature:
      ___________________________________________________________________________________________

     

    [Print
      Name]
      _________________________________________________________________________________________

     

    Address:
      ____________________________________________________________________________________________

     

    
      
         

      

      
        Notice-1

        
          

        

      

      
         

      

    

     

    Schedule
      1

    

    Existing
      Indebtedness

     

    
      
         

      

      
        Schedules-1

        
          

        

      

      
         

      

    

    Schedule
      2

    

    Existing
      Liens

     

    
      
         

      

      
        Schedules-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]