Document:

EXHIBIT 10.12
                     IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

                                                               February 17, 2004

First American Stock Transfer
1717 East Bell Road, Suite 2
Phoenix, Arizona  85022
Attention: Phil Young

      RE: LIMELIGHT MEDIA CORPORATION

Ladies and Gentlemen:

      Reference is made to that certain  Standby Equity  Distribution  Agreement
(the "Standby Equity  Distribution  Agreement")  dated as of February ___, 2004,
pursuant to which the Company shall issue to the Cornell  Capital  Partners,  LP
(the "Holder") Three Hundred Forty Thousand Dollars  ($340,000) of the Company's
convertible debenture (the "Convertible Debenture"),  which shall be convertible
into  shares of the  Company's  common  stock,  par value  $0.001 per share (the
"Common Stock").  The shares of Common Stock to be converted  thereunder and the
shares of the Company's  Common Stock,  issuable to the Holder in the event that
the  Holder has  elected  to have the  interest  of the  Convertible  Debenture,
pursuant to Section 1.06 therein,  paid in common stock,  are referred to herein
as, the "Conversion  Shares." This shall serve as our irrevocable  authorization
and direction to you (provided that you are the transfer agent of the Company at
such time) to issue the  Conversion  Shares or to the  Holder  from time to time
upon  surrender  to you of a properly  completed  and duly  executed  Conversion
Notice,  in the form  attached  hereto as Exhibit I,  delivered on behalf of the
Company by David Gonzalez, Esq.

      Specifically,  upon  receipt by the Company or David  Gonzalez,  Esq. of a
copy of a Conversion  Notice,  David  Gonzalez,  Esq., on behalf of the Company,
shall as soon as practicable, but in no event later than one (1) Trading Day (as
defined below) after receipt of such Conversion Notice,  send, via facsimile,  a
Conversion  Notice which shall  constitute an irrevocable  instruction to you to
process  such   Conversion   Notice  in  accordance  with  the  terms  of  these
instructions. Upon your receipt of a copy of the executed Conversion Notice, you
shall use your best efforts to, within three (3) Trading Days following the date
of receipt of the Conversion Notice, (A) issue and surrender to a common carrier
for overnight  delivery to the address as specified in the Conversion  Notice, a
certificate,  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 as set
forth in the  Conversion  Notice or (B)  provided you are  participating  in The
Depository  Trust Company ("DTC") Fast Automated  Securities  Transfer  Program,
upon the request of the Buyer,  credit such aggregate number of shares of Common
Stock to which the Holder  shall be entitled to the  Holder's or its  designee's
balance  account with DTC through its Deposit  Withdrawal At Custodian  ("DWAC")
system  provided  the  Holder  causes  its bank or broker to  initiate  the DWAC
transaction.  ("Trading  Day" shall  mean any day on which the Nasdaq  Market is
open for customary trading.)

<PAGE>

      The  Company  hereby  confirms  to you and the  Holder  that  certificates
representing  the  Conversion  Shares  shall  not  bear any  legend  restricting
transfer  of the  Conversion  Shares  thereby  and  should not be subject to any
stop-transfer  restrictions  and shall  otherwise be freely  transferable on the
books and records of the Company  provided that the Company counsel delivers (i)
the Notice of Effectiveness  set forth in Exhibit II attached hereto and (ii) an
opinion of counsel in the form set forth in Exhibit  III  attached  hereto,  and
that if the  Conversion  Shares are not registered for sale under the Securities
Act of 1933, as amended,  then the certificates for the Conversion  Shares shall
bear the following legend:

      "THE SECURITIES  REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
      REGISTERED  UNDER THE SECURITIES  ACT OF 1933, AS AMENDED,  OR
      APPLICABLE  STATE  SECURITIES  LAWS. THE SECURITIES  HAVE BEEN
      ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE, SOLD,
      TRANSFERRED  OR  ASSIGNED  IN  THE  ABSENCE  OF  AN  EFFECTIVE
      REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
      ACT OF 1933, AS AMENDED,  OR APPLICABLE STATE SECURITIES LAWS,
      OR AN OPINION OF COUNSEL,  IN A FORM REASONABLY  ACCEPTABLE TO
      THE COMPANY,  THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT
      OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO
      RULE 144 UNDER SAID ACT."

      The Company hereby confirms and First American Stock Transfer acknowledges
that in the event Counsel to the Company does not issue an opinion of counsel as
required to issue the Conversion  Shares and or the shares common stock issuable
for the interest, free of legend the Company authorizes and First American Stock
Transfer will accept an opinion of Counsel from Butler Gonzalez LLP.

      The Company  hereby  confirms  to you and the Holder that no  instructions
other  than as  contemplated  herein  will be given to you by the  Company  with
respect to the  Conversion  Shares.  The Company hereby agrees that it shall not
replace First American  Stock  Transfer as the Company's  transfer agent without
the prior written consent of the Holder.

      Any  attempt by you to resign as  transfer  agent  hereunder  shall not be
effective  until such time as the Company  provides to you written notice that a
suitable  replacement  has agreed to serve as transfer  agent and to be bound by
the terms and conditions of these Irrevocable Transfer Agent Instructions.

      The Company and First  American  Stock  Transfer  hereby  acknowledge  and
confirm that  complying  with the terms of this Agreement does not and shall not
prohibit First  American  Stock  Transfer from  satisfying any and all fiduciary
responsibilities and duties it may owe to the Company.

      The Company and First American Stock Transfer  acknowledge that the Holder
is relying on the  representations  and covenants made by the Company  hereunder
and are a material  inducement to the Holder  entering  into the Standby  Equity
Distribution Agreement.  The Company and First American Stock Transfer,  further
acknowledge that without such  representations  and covenants of the Company and

                                       2
<PAGE>

First American Stock  Transfer made  hereunder,  the Holder would not enter into
the Standby Equity Distribution Agreement.

      Each party hereto  specifically  acknowledges and agrees that in the event
of a breach or threatened breach by a party hereto of any provision hereof,  the
Holder  will  be  irreparably  damaged  and  that  damages  at law  would  be an
inadequate  remedy if these  Irrevocable  Transfer Agent  Instructions  were not
specifically enforced.  Therefore, in the event of a breach or threatened breach
by a party hereto, including,  without limitation,  the attempted termination of
the  agency  relationship  created  by this  instrument,  the  Holder  shall  be
entitled,  in  addition  to all  other  rights  or  remedies,  to an  injunction
restraining such breach,  without being required to show any actual damage or to
post any bond or other security,  and/or to a decree for specific performance of
the provisions of these Irrevocable Transfer Agent Instructions.

                                    * * * * *

                                       3
<PAGE>

         IN WITNESS  WHEREOF,  the parties  have  caused  this letter  agreement
regarding  Irrevocable  Transfer  Agent  Instructions  to be duly  executed  and
delivered as of the date first written above.

                                             COMPANY:
                                             LIMELIGHT MEDIA GROUP INC.

                                             By:    /s/ David Lott
                                                --------------------------------
                                             Name:  David Lott
                                             Title: President

                                             /s/ David Gonzalez
                                             -----------------------------------
                                             David Gonzalez, Esq.

ACKNOWLEDGED AND AGREED:

FIRST AMERICAN STOCK TRANSFER

By:
   --------------------------------------------------
Name:
     ------------------------------------------------
Title:
      -----------------------------------------------

                                       4
<PAGE>

                                   SCHEDULE I

                               SCHEDULE OF HOLDER

<TABLE>
<CAPTION>
                                                                                        ADDRESS/FACSIMILE
NAME                                    SIGNATURE                                       NUMBER OF BUYER
--------------------------------        -----------------------------------             ----------------------------------
<S>                                     <C>                                             <C>
Cornell Capital Partners, LP            By:   Yorkville Advisors, LLC                   101 Hudson Street - Suite 3606
                                        Its:  General Partner                           Jersey City, NJ  07303
                                                                                        Facsimile:        (201) 985-8266

                                        By:
                                           ------------------------------
                                        Name: Mark A. Angelo
                                        Its:  Portfolio Manager
</TABLE>

                                  SCHEDULE I-1
<PAGE>

                                    EXHIBIT I

                   TO IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

                            FORM OF CONVERSION NOTICE

      Reference  is made  to the  Standby  Equity  Distribution  Agreement  (the
"Standby Equity  Distribution  Agreement")  between  Limelight Media Group Inc.,
(the "Company"),  and Cornell Capital Partners, LP, dated February ___, 2004. In
accordance with and pursuant to the Standby Equity Distribution  Agreement,  the
undersigned  hereby  elects to convert  convertible  debentures  into  shares of
common stock,  par value $0.001 per share (the "Common  Stock"),  of the Company
for the amount indicate below as of the date specified below.

       Conversion Date:
                                     --------------------------------------

       Amount to be converted:            $
                                           ------------------------------------

       Amount of Debenture unconverted:   $
                                           ------------------------------------
       Conversion Price per share:        $
                                           ------------------------------------

       Amount of Interest:                $
                                           ------------------------------------
       Conversion Price per share:        $
                                           ------------------------------------

       Shares of Common Stock Issuable:
                                           ------------------------------------
Please confirm the following information:
                                           ------------------------------------
         Total Number of shares of Common Stock to be issued:
                                                              ------------------
Please  issue  the  shares  of  Common  Stock in the  following  name and to the
following address:

         Issue to:
                   -------------------------------------------------------------
         Authorized Signature:
                              --------------------------------------------------
         Name:
              ------------------------------------------------------------------
         Title:
               -----------------------------------------------------------------
         Phone #:
                  --------------------------------------------------------------

         Broker DTC Participant Code:
                                       -----------------------------------------
         Account Number*:
                         -------------------------------------------------------

     * NOTE THAT RECEIVING BROKER MUST INITIATE TRANSACTION ON DWAC SYSTEM.

                                   EXHIBIT I-1
<PAGE>

                                   EXHIBIT II

                   TO IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

                         FORM OF NOTICE OF EFFECTIVENESS
                            OF REGISTRATION STATEMENT

                                                               February __, 2004

First American Stock Transfer
1717 East Bell Road, Suite 2
Phoenix, Arizona  85022
Attention: Phil Young

      RE: LIMELIGHT MEDIA GROUP, INC.

Ladies and Gentlemen:

      We are counsel to Limelight  Media Group Inc., a Nevada  corporation  (the
"Company"),  and have  represented  the Company in connection  with that certain
Standby  Equity  Distribution  Agreement,  dated as of February  ___,  2004 (the
"Standby Equity Distribution Agreement"),  entered into by and among the Company
and the Investor as set forth  therein  pursuant to which the Company has agreed
to issue to the Investor  Three Hundred  Forty  Thousand  Dollars  ($340,000) of
convertible debentures,  which shall be convertible into shares (the "Conversion
Shares") of the Company's  common stock, par value $0.001 per share (the "Common
Stock"),  in  accordance  with the  terms  of the  Standby  Equity  Distribution
Agreement.  Pursuant to the Standby Equity Distribution  Agreement,  the Company
also has entered into a Registration Rights Agreement, dated as of February ___,
2004, with the Investor (the "Investor  Registration Rights Agreement") pursuant
to which the Company  agreed,  among other  things,  to register the  Conversion
Shares  under the  Securities  Act of 1933,  as  amended  (the "1933  Act").  In
connection with the Company's  obligations under the Standby Equity Distribution
Agreement and the Registration Rights Agreement,  on _______,  2003, the Company
filed a  Registration  Statement  (File No.  ___-_________)  (the  "Registration
Statement") with the Securities and Exchange  Commission (the "SEC") relating to
the sale of the Conversion Shares.

      In connection with the foregoing, we advise you that a member of the SEC's
staff has advised us by  telephone  that the SEC has entered an order  declaring
the  Registration  Statement  effective  under  the  1933  Act at 5:00  P.M.  on
__________,  2004 and we have no knowledge, after telephonic inquiry of a member
of the SEC's staff,  that any stop order suspending its  effectiveness  has been
issued  or that  any  proceedings  for  that  purpose  are  pending  before,  or
threatened  by, the SEC and the  Conversion  Shares are available for sale under
the 1933 Act pursuant to the Registration Statement.

                                  EXHIBIT II-1
<PAGE>

      The Investor has  confirmed it shall comply with all  securities  laws and
regulations   applicable  to  it  including   applicable   prospectus   delivery
requirements upon sale of the Conversion Shares.

                                                     Very truly yours,

                                                     Kirkpatrick & Lockhart, LLP

                                  EXHIBIT II-2
<PAGE>

                                   EXHIBIT III

                   TO IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

                                 FORM OF OPINION

____________ ___, 2004

VIA FACSIMILE AND REGULAR MAIL

First American Stock Transfer
1717 East Bell Road, Suite 2
Phoenix, Arizona  85022
Attention: Phil Young

      RE: LIMELIGHT MEDIA GROUP INC.

Ladies and Gentlemen:

      We have acted as special  counsel to  Limelight  Media  Group  Inc.,  (the
"Company"),  in  connection  with the  registration  of  ___________shares  (the
"Shares") of its common stock with the Securities and Exchange  Commission  (the
"SEC"). We have not acted as your counsel.  This opinion is given at the request
and with the consent of the Company.

      In rendering  this opinion we have relied on the accuracy of the Company's
Registration Statement on Form SB-2, as amended (the "Registration  Statement"),
filed by the Company with the SEC on _________  ___, 2004. The Company filed the
Registration  Statement on behalf of certain selling  stockholders (the "Selling
Stockholders").  This opinion relates solely to the Selling  Shareholders listed
on Exhibit  "A" hereto and  number of Shares  set forth  opposite  such  Selling
Stockholders'  names. The SEC declared the Registration  Statement  effective on
__________ ___, 2004.

      We  understand  that the  Selling  Stockholders  acquired  the Shares in a
private offering exempt from  registration  under the Securities Act of 1933, as
amended. Information regarding the Shares to be sold by the Selling Shareholders
is  contained  under the  heading  "Selling  Stockholders"  in the  Registration
Statement,  which information is incorporated herein by reference.  This opinion
does not relate to the issuance of the Shares to the Selling  Stockholders.  The

                                  EXHIBIT III-1
<PAGE>

opinions set forth herein  relate  solely to the sale or transfer by the Selling
Stockholders  pursuant to the  Registration  Statement under the Federal laws of
the United States of America.  We do not express any opinion  concerning any law
of any state or other jurisdiction.

      In  rendering  this  opinion  we have  relied  upon  the  accuracy  of the
foregoing statements.

      Based on the  foregoing,  it is our  opinion  that the  Shares  have  been
registered with the Securities and Exchange  Commission under the Securities Act
of 1933,  as amended,  and that First  American  Stock  Transfer  may remove the
restrictive  legends contained on the Shares. This opinion relates solely to the
number of Shares set forth opposite the Selling  Stockholders  listed on Exhibit
"A" hereto.

      This opinion is  furnished  to you  specifically  in  connection  with the
issuance of the Shares, and solely for your information and benefit. This letter
may not be relied upon by you in any other connection,  and it may not be relied
upon by any other  person or entity for any purpose  without  our prior  written
consent.  This  opinion may not be  assigned,  quoted or used  without our prior
written  consent.  The  opinions  set forth  herein are  rendered as of the date
hereof and we will not  supplement  this  opinion with respect to changes in the
law or factual matters subsequent to the date hereof.

Very truly yours,

Kirkpatrick & Lockhart, LLP

                                 EXHIBIT III - 2
<PAGE>

                                   EXHIBIT "A"

                         (LIST OF SELLING STOCKHOLDERS)

NAME:                                       NO. OF SHARES:
------------------------------------        ------------------------------------

                                   EXHIBIT A-1EXHIBIT 10.13

THIS DEBENTURE,  AND THE SECURITIES INTO WHICH IT IS CONVERTIBLE  (COLLECTIVELY,
THE  "SECURITIES"),  HAVE NOT BEEN REGISTERED WITH THE UNITED STATES  SECURITIES
AND  EXCHANGE  COMMISSION  OR  THE  SECURITIES  COMMISSION  OF  ANY  STATE.  THE
SECURITIES ARE BEING OFFERED PURSUANT TO A SAFE HARBOR FROM  REGISTRATION  UNDER
REGULATION  D  PROMULGATED  UNDER THE  SECURITIES  ACT OF 1933,  AS AMENDED (THE
"ACT").  THE SECURITIES ARE  "RESTRICTED"  AND MAY NOT BE OFFERED OR SOLD UNLESS
THE  SECURITIES  ARE  REGISTERED  UNDER THE ACT,  PURSUANT  TO  REGULATION  D OR
PURSUANT TO AVAILABLE  EXEMPTIONS FROM THE REGISTRATION  REQUIREMENTS OF THE ACT
AND THE  COMPANY  WILL BE  PROVIDED  WITH  OPINION  OF  COUNSEL  OR  OTHER  SUCH
INFORMATION  AS IT MAY  REASONABLY  REQUIRE TO CONFIRM THAT SUCH  EXEMPTIONS ARE
AVAILABLE. FURTHER HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE MADE
EXCEPT IN COMPLIANCE WITH THE ACT.

                             COMPENSATION DEBENTURE

                           LIMELIGHT MEDIA GROUP INC.

                            5% CONVERTIBLE DEBENTURE

                              DUE FEBRUARY __, 2007

No.  ___                                                                $340,000

      This Secured  Debenture is issued by LIMELIGHT  MEDIA GROUP INC., a Nevada
corporation (the "Company"),  to CORNELL CAPITAL PARTNERS, LP (together with its
permitted  successors  and assigns,  the "Holder")  pursuant to exemptions  from
registration under the Securities Act of 1933, as amended.

                                   ARTICLE I.

      SECTION 1.01 PRINCIPAL AND INTEREST.  For value received, on February ___,
2004,  the Company  hereby  promises to pay to the order of the Holder in lawful
money of the United  States of America and in  immediately  available  funds the
principal sum of Three Hundred Forty Thousand  Dollars (US  $340,000),  together
with  interest on the unpaid  principal  of this  Debenture  at the rate of five
percent  (5%) per year  (computed  on the basis of a 365-day year and the actual
days  elapsed)  from the date of this  Debenture  until paid.  At the  Company's
option, the entire principal amount and all accrued interest shall be either (a)
paid to the Holder on the third (3rd) year  anniversary  from the date hereof or
(b) converted in accordance with Section 1.02 herein provided,  however, that in
no event shall the Holder be entitled to convert this  Debenture for a number of
shares of Common Stock in excess of that number of shares of Common Stock which,
upon  giving  effect to such  conversion,  would cause the  aggregate  number of

<PAGE>

shares of Common Stock  beneficially  owned by the Holder and its  affiliates to
exceed  4.99% of the  outstanding  shares of the  Common  Stock  following  such
conversion.

      SECTION 1.02 OPTIONAL CONVERSION.  The Holder is entitled,  at its option,
to convert,  and sell on the same day, at any time and from time to time,  until
payment in full of this  Debenture,  plus  accrued  interest,  into  shares (the
"Conversion  Shares") of the Company's  common stock, par value $0.001 per share
("Common Stock"),  at the price per share (the "Conversion  Price") equal to one
hundred  percent  (100%) of the lowest Closing Bid Price of the Common Stock for
the three (3) trading days immediately preceding the Conversion Date (as defined
herein). As used herein,  "Principal Market" shall mean The National Association
of Securities Dealers Inc.'s  Over-The-Counter  Bulletin Board,  Nasdaq SmallCap
Market,  or  American  Stock  Exchange.  If the Common  Stock is not traded on a
Principal  Market,  the Closing Bid Price shall mean,  the reported  Closing Bid
Price  for the  Common  Stock,  as  furnished  by the  National  Association  of
Securities  Dealers,  Inc., for the applicable periods. No fraction of shares or
scrip  representing  fractions of shares will be issued on  conversion,  but the
number of shares  issuable  shall be  rounded to the  nearest  whole  share.  To
convert this Debenture,  the Holder hereof shall deliver written notice thereof,
substantially  in the form of Exhibit "A" to this  Debenture,  with  appropriate
insertions (the "Conversion Notice"), to the Company at its address as set forth
herein.  The date upon which the conversion  shall be effective (the "Conversion
Date") shall be deemed to be the date set forth in the Conversion Notice.

      SECTION 1.03 RIGHT OF REDEMPTION. The Company at its option shall have the
right to redeem for cash,  with three (3) business days advance  written  notice
(the "Redemption  Notice"), a portion of or all of the outstanding principal sum
under this Debenture.  The redemption price shall be equal to one hundred twenty
percent  (120%)  multiplied by the portion of the principal sum being  redeemed,
plus any accrued and unpaid interest.

      SECTION 1.04  RESERVATION  OF COMMON STOCK.  The Company shall reserve and
keep available out of its authorized but unissued shares of Common Stock, solely
for the purpose of effecting the  conversion of this  Debenture,  such number of
shares of Common Stock as shall from time to time be  sufficient  to effect such
conversion, based upon the Conversion Price. If at any time the Company does not
have a sufficient number of Conversion Shares authorized and available, then the
Company shall call and hold a special meeting of its  stockholders  within sixty
(60)  days of that  time  for the sole  purpose  of  increasing  the  number  of
authorized   shares  of  Common  Stock.   Management   shall  recommend  to  the
shareholders  of the  Company  to vote in  favor of  increasing  the  number  of
authorized shares of Common Stock.  Management shall also vote all of its shares
of Common Stock in favor of increasing the number of authorized shares of Common
Stock.

      SECTION 1.05 REGISTRATION RIGHTS. The Company is obligated to register the
resale of the  Conversion  Shares under the  Securities Act of 1933, as amended,
pursuant to the terms of a Registration  Rights  Agreement,  between the Company
and  the  Holder  of even  date  herewith  (the  "Investor  Registration  Rights
Agreement").

      SECTION 1.06  INTEREST  PAYMENTS.  The interest so payable will be paid at
the time of maturity or conversion to the person in whose name this Debenture is
registered.  At the time such  interest  is  payable,  the  Holder,  in its sole

                                       2
<PAGE>

discretion,  may elect to receive  the  interest  in cash (via wire  transfer or
certified  funds) or in the form of Common  Stock.  In the event of default,  as
described in Article III Section 3.01  hereunder,  the Holder may elect that the
interest be paid in cash (via wire  transfer or certified  funds) or in the form
of Common Stock. If paid in the form of Common Stock,  the amount of stock to be
issued  will be  calculated  as  follows:  the value of the  stock  shall be the
Closing Bid Price on: (i) the date the  interest  payment is due; or (ii) if the
interest  payment is not made when due, the date the interest payment is made. A
number of shares of Common  Stock with a value  equal to the amount of  interest
due shall be issued.  No  fractional  shares will be issued;  therefore,  in the
event  that the value of the  Common  Stock  per share  does not equal the total
interest due, the Company will pay the balance in cash.

      SECTION 1.07 PAYING AGENT AND REGISTRAR.  Initially,  the Company will act
as paying  agent and  registrar.  The  Company  may  change  any  paying  agent,
registrar,  or  Company-registrar  by giving  the  Holder not less than ten (10)
business  days' written  notice of its election to do so,  specifying  the name,
address, telephone number and facsimile number of the paying agent or registrar.
The Company may act in any such capacity.

                                   ARTICLE II.

      SECTION 2.01  AMENDMENTS  AND WAIVER OF DEFAULT.  The Debenture may not be
amended  without the written consent of the Holder.  Notwithstanding  the above,
without  the  consent of the Holder,  the  Debenture  may be amended to cure any
ambiguity,  defect or  inconsistency,  to provide for  assumption of the Company
obligations  to the Holder or to make any change that does not adversely  affect
the rights of the Holder.

                                  ARTICLE III.

      SECTION 3.01 EVENTS OF DEFAULT. An Event of Default is defined as follows:
(a) failure by the Company to pay amounts due hereunder within fifteen (15) days
of the date of maturity of this Debenture;  (b) failure by the Company to comply
with the terms of the Irrevocable  Transfer Agent  Instructions  attached to the
Standby Equity Distribution Agreement of even date herewith entered into between
the Company and the Holder (the "Standby Equity  Distribution  Agreement");  (c)
failure by the  Company's  transfer  agent to issue  Common  Stock to the Holder
within  five  (5)  days of the  Company's  receipt  of the  attached  Notice  of
Conversion  from  Holder;  (d)  failure by the  Company  for ten (10) days after
notice to it to comply with any of its other  agreements in the  Debenture;  (e)
events  of  bankruptcy  or  insolvency;  (f) a  breach  by  the  Company  of its
obligations under the Standby Equity Distribution  Agreement or the Registration
Rights  Agreement  which is not cured by the Company  within ten (10) days after
receipt of written notice  thereof.  Upon the occurrence of an Event of Default,
the  Holder  may,  in its sole  discretion,  accelerate  full  repayment  of all
debentures outstanding and accrued interest thereon or may,  notwithstanding any
limitations  contained in this Debenture and/or the Standby Equity  Distribution
Agreement,  convert all debentures outstanding and accrued interest thereon into
shares of Common Stock pursuant to Section 1.02 herein.

      SECTION 3.02 FAILURE TO ISSUE  UNRESTRICTED  COMMON STOCK. As indicated in
Article III Section 3.01, a breach by the Company of its  obligations  under the
Investor  Registration  Rights  Agreement  shall be deemed an Event of  Default,
which if not cured within ten (10) days,  shall entitle the Holder to accelerate

                                       3
<PAGE>

full repayment of all debentures  outstanding and accrued  interest  thereon or,
notwithstanding  any limitations  contained in this Debenture and/or the Standby
Equity Distribution Agreement, to convert all debentures outstanding and accrued
interest  thereon into shares of Common  Stock  pursuant to Section 1.02 herein.
The Company  acknowledges  that  failure to honor a Notice of  Conversion  shall
cause irreparable harm to the Holder.

                                  ARTICLE IV.

      SECTION  4.01  RIGHTS  AND  TERMS OF  CONVERSION.  Commencing  on the date
hereof,  this  Debenture,  may be  converted at any time  following  the date of
closing, into shares of Common Stock at a price equal to the Conversion Price as
described in Section 1.02 above.

      SECTION 4.02 RE-ISSUANCE OF DEBENTURE. When the Holder elects to convert a
part of the  Debenture,  then the Company  shall  reissue a new Debenture in the
same form as this Debenture to reflect the new principal amount.

      SECTION 4.03  TERMINATION  OF  CONVERSION  RIGHTS.  The Holder's  right to
convert the Debenture  into the Common Stock in accordance  with  paragraph 4.01
shall  terminate on the date that is the third (3rd) year  anniversary  from the
date hereof and this Debenture shall be automatically  converted on that date in
accordance  with  the  formula  set  forth  in  Section  4.01  hereof,  and  the
appropriate shares of Common Stock and amount of interest shall be issued to the
Holder.

                                   ARTICLE V.

      SECTION  5.01  ANTI-DILUTION.  In the event that the Company  shall at any
time subdivide the  outstanding  shares of Common Stock,  or shall issue a stock
dividend  on the  outstanding  Common  Stock,  the  Conversion  Price in  effect
immediately  prior to such subdivision or the issuance of such dividend shall be
proportionately  decreased,  and in the event that the Company shall at any time
combine the outstanding  shares of Common Stock,  the Conversion Price in effect
immediately  prior  to such  combination  shall  be  proportionately  increased,
effective at the close of business on the date of such subdivision,  dividend or
combination as the case may be.

      SECTION  5.02  CONSENT  OF HOLDER TO SELL  CAPITAL  STOCK.  Except for the
Standby Equity Distribution  Agreement dated the date hereof between the Company
and Cornell Capital Partners, LP. so long as any of the principal of or interest
on this Debenture remains unpaid and unconverted, the Company shall not, without
the prior consent of the Holder, issue or sell (i) any Common Stock or Preferred
Stock without  consideration or for a consideration per share less than its fair
market value determined  immediately  prior to its issuance,  (ii) issue or sell
any Preferred Stock, warrant,  option, right, contract,  call, or other security
or  instrument  granting  the holder  thereof the right to acquire  Common Stock
without  consideration  or for a  consideration  per share less than such Common
Stock's fair market value determined  immediately  prior to its issuance,  (iii)
enter into any security  instrument  granting the holder a security  interest in
any and all assets of the  Company or (iv) file any  registration  statement  on
Form S-8.

                                       4
<PAGE>

                                  ARTICLE VI.

      SECTION 6.01 NOTICE. Notices regarding this Debenture shall be sent to the
parties at the following  addresses,  unless a party notifies the other parties,
in writing, of a change of address:

If to the Company, to:                 Limelight Media Group Inc.
                                       8000 Centerview Parkway, Suite 115
                                       Cordova, TN  38018
                                       Attention:        David Lott, President
                                       Telephone:        (901) 757-0195
                                       Facsimile:        (901) 757-1147

With a copy to:                        Kirkpatrick & Lockhart LLP
                                       201 South Biscayne Boulevard - Suite 2000
                                       Miami, Florida 33131-2399
                                       Attention:        Clayton E. Parker, Esq.
                                       Telephone:        (305) 539-3300
                                       Facsimile:        (305) 358-7095

If to the Holder:                      Cornell Capital Partners, LP
                                       101 Hudson Street, Suite 3606
                                       Jersey City, New Jersey 07302
                                       Telephone:        (201) 985-8300
                                       Facsimile:        (201) 985-8266

With a copy to:                        Butler Gonzalez LLP
                                       1416 Morris Avenue - Suite 207
                                       Union, New Jersey 07083
                                       Attention:        David Gonzalez, Esq.
                                       Telephone:        (908) 810-8588
                                       Facsimile:        (908) 810-0973

      SECTION 6.02  GOVERNING  LAW.  This  Debenture  shall be deemed to be made
under and shall be construed in accordance  with the laws of the State of Nevada
without giving effect to the principals of conflict of laws thereof. Each of the
parties consents to the  jurisdiction of the U.S.  District Court sitting in the
District  of the State of New  Jersey  or the  state  courts of the State of New
Jersey  sitting in Hudson  County,  New Jersey in  connection  with any  dispute
arising under this Debenture and hereby waives,  to the maximum extent permitted
by law, any objection,  including any objection based on forum non conveniens to
the bringing of any such proceeding in such jurisdictions.

      SECTION 6.03 SEVERABILITY. The invalidity of any of the provisions of this
Debenture shall not invalidate or otherwise  affect any of the other  provisions
of this Debenture, which shall remain in full force and effect.

      SECTION 6.04 ENTIRE  AGREEMENT AND AMENDMENTS.  This Debenture  represents
the entire  agreement  between  the parties  hereto with  respect to the subject
matter  hereof  and there are no  representations,  warranties  or  commitments,

                                       5
<PAGE>

except as set forth herein.  This Debenture may be amended only by an instrument
in writing executed by the parties hereto.

      SECTION  6.05  COUNTERPARTS.  This  Debenture  may be executed in multiple
counterparts,  each of which  shall be an  original,  but all of which  shall be
deemed to constitute on instrument.

      IN  WITNESS  WHEREOF,  with the  intent to be legally  bound  hereby,  the
Company as executed this Debenture as of the date first written above.

                                                    LIMELIGHT MEDIA GROUP INC.

                                                    By:  /s/ David Lott
                                                       -------------------------
                                                    Name:     David Lott
                                                    Title:    President

                                       6
<PAGE>

                                   EXHIBIT "A"

                              NOTICE OF CONVERSION

           (TO BE EXECUTED BY THE HOLDER IN ORDER TO CONVERT THE NOTE)

TO:

      The undersigned  hereby  irrevocably  elects to convert $ of the principal
amount of the above Note into Shares of Common  Stock of  Limelight  Media Group
Inc.  according to the conditions  stated  therein,  as of the  Conversion  Date
written below.

CONVERSION DATE:                        ________________________________________

APPLICABLE CONVERSION PRICE:            ________________________________________

AMOUNT TO BE CONVERTED:                $________________________________________

AMOUNT OF DEBENTURE UNCONVERTED:       $________________________________________

CONVERSION PRICE PER SHARE:            $________________________________________

NUMBER OF SHARES OF COMMON STOCK TO BE
ISSUED:                                 ________________________________________

PLEASE ISSUE THE SHARES OF COMMON STOCK
IN THE FOLLOWING NAME AND TO THE
FOLLOWING ADDRESS:                      ________________________________________

ISSUE TO:                               ________________________________________

ADDRESS:                                ________________________________________

AUTHORIZED SIGNATURE:                   ________________________________________

NAME:                                   ________________________________________

TITLE:                                  ________________________________________

PHONE NUMBER:                           ________________________________________

BROKER DTC PARTICIPANT CODE:            ________________________________________

ACCOUNT NUMBER:                         ________________________________________

                                      A-1

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