Document:

SECURITIES
      PURCHASE AGREEMENT

    

    This
      Securities Purchase Agreement is entered into and dated as of March 16,
      2006 (this “Agreement”),
      by
      and among American United Global, Inc., a Delaware corporation (the
“Company”),
      and
      each of the purchasers identified on the signature pages hereto (each, a
“Purchaser”
and
      collectively, the “Purchasers”).

    

    WHEREAS,
      subject to the terms and conditions set forth in this Agreement and pursuant
      to
      Section 4(2) of the Securities Act of 1933 (the “Securities
      Act”),
      and
      Rule 506 promulgated thereunder, the Company desires to issue and sell to each
      Purchaser, and each Purchaser, severally and not jointly, desires to purchase
      from the Company, the Notes, the Warrants and the Shares pursuant to the terms
      set forth herein.

    

    NOW,
      THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement,
      and for other good and valuable consideration, the receipt and adequacy of
      which
      are hereby acknowledged, the Company and each Purchaser, severally and not
      jointly, agree as follows:

    

    ARTICLE
      I.

    DEFINITIONS

    

    1.0 
Definitions.
      In
      addition to the terms defined elsewhere in this Agreement, the following terms
      shall have the meanings set forth in this Section 1.1:

    

    “Affiliate”
      means
      any Person that, directly or indirectly through one or more intermediaries,
      controls or is controlled by or is under common control with a Person, as such
      terms are used in and construed under Rule 144 under the Securities Act. With
      respect to a Purchaser, any investment fund or managed account that is managed
      on a discretionary basis by the same investment manager as such Purchaser will
      be deemed to be an Affiliate of such Purchaser.

    

    “Bankruptcy
      Event”
      means
      any of the following events: (a) the Company or any Subsidiary commences a
      case
      or other proceeding under any bankruptcy, reorganization, arrangement,
      adjustment of debt, relief of debtors, dissolution, insolvency or liquidation
      or
      similar law of any jurisdiction relating to the Company or any Subsidiary
      thereof; (b) there is commenced against the Company or any Subsidiary any such
      case or proceeding that is not dismissed within 60 days after commencement;
      (c)
      the Company or any Subsidiary is adjudicated insolvent or bankrupt or any order
      of relief or other order approving any such case or proceeding is entered;
      (d)
      the Company or any Subsidiary suffers any appointment of any custodian or the
      like for it or any substantial part of its property that is not discharged
      or
      stayed within 60 days; (e) the Company or any Subsidiary makes a general
      assignment for the benefit of creditors; (f) the Company or any Subsidiary
      fails
      to pay, or states that it is unable to pay or is unable to pay, its debts
      generally as they become due; (g) the Company or any Subsidiary calls a meeting
      of its creditors with a view to arranging a composition, adjustment or
      restructuring of its debts; or (h) the Company or any Subsidiary, by any act
      or
      failure to act, expressly indicates its consent to, approval of or acquiescence
      in any of the foregoing or takes any corporate or other action for the purpose
      of effecting any of the foregoing.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    “Business
      Day”
      means
      any day except Saturday, Sunday and any day which shall be a federal legal
      holiday or a day on which banking institutions in the State of New York are
      authorized or required by law or other governmental action to
      close.

    

    “Closing”
      means
      the closing of the purchase and sale of the Securities pursuant to Section
      2.1.

    

    “Closing
      Date”
      means
      the date of the Closing.

    

    “Commission”
      means
      the
      Securities and Exchange Commission.

    

    “Common
      Stock”
      means
      the common stock of the Company, par value $0.01 per share, and any securities
      into which such common stock may hereafter be reclassified.

    

    “Company
      Counsel”
      means
      Sichenzia Ross Friedman Ference LLP, counsel to the Company.

    

    “Effective
      Date”
means
      the date that the Registration Statement is first declared effective by the
      Commission.

    

    “Eligible
      Market”
      means
      any of the New York Stock Exchange, the American Stock Exchange, the Nasdaq
      National Market, the Nasdaq SmallCap Market, the Pink Sheets or the Over the
      Counter Bulletin Board.

    

    “Exchange
      Act”
      means
      the Securities Exchange Act of 1934, as amended.

    

    “Losses”
      means
      any and all losses, claims, damages, liabilities, settlement costs and expenses,
      including without limitation costs of preparation of legal action and reasonable
      attorneys’ fees.

    

    “Notes”
      means
      the Notes due March 16, 2009 with an aggregate principal face amount of
      $1,235,000 issued by the Company to the Purchasers hereunder in the form of
      Exhibit
      A
      hereto.

    

    “Person”
      means an
      individual or corporation, partnership, trust, incorporated or unincorporated
      association, joint venture, limited liability company, joint stock company,
      government (or an agency or subdivision thereof) or other entity of any
      kind.

    

    “Proceeding”
      means an
      action, claim, suit, investigation or proceeding (including, without limitation,
      an investigation or partial proceeding, such as a deposition), whether commenced
      or threatened.

    

    “Registrable
      Securities”
      means
      any Common Stock (including Underlying Shares) issued or issuable pursuant
      to
      the Transaction Documents, together with any securities issued or issuable
      upon
      any stock split, dividend or other distribution, recapitalization or similar
      event with respect to the foregoing.

    

    
      
         

      

      
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    “Registration
      Statement”
      means
      the registration statement required to be filed under Article VI, all exhibits
      thereto, and all material incorporated by reference or deemed to be incorporated
      by reference in such registration statement.

    

    “Reports”
      means
      the filings made by the Company with the Securities and Exchange Commission
      pursuant to the Securities Exchange Act of 1934, as amended;

    

    “Rule
      144,” “Rule
      415,”
      and
“Rule
      424”
      means
      Rule 144, Rule 415 and Rule 424, respectively, promulgated by the Commission
      pursuant to the Securities Act, as such Rules may be amended from time to time,
      or any similar rule or regulation hereafter adopted by the Commission having
      substantially the same effect as such Rule.

    

    “Securities”
      means
      the Notes, Shares, the Warrants and the Underlying Shares issued or issuable
      (as
      applicable) to the applicable Purchaser pursuant to the Transaction Documents.
      

    

    “Securities
      Act”
      means
      the Securities Act of 1933, as amended.

    

    “Shares”
means
      the shares of Common Stock issued by the Company to the Purchasers hereunder
      in
      lieu of interest accruing on the Notes.

    

    “Subsidiary”
      means
      any subsidiary of the Company as set forth in the Reports.

    

    “Trading
      Day”
      means
      (a) any day on which the Common Stock is listed or quoted and traded on its
      primary Trading Market, or (b) if the Common Stock is not then listed or quoted
      and traded on any Trading Market, then any Business Day. 

    

    “Trading
      Market”
      means
      Nasdaq SmallCap Market or any other Eligible Market or any national securities
      exchange, market or trading or quotation facility on which the Common Stock
      is
      then listed or quoted.

    

    “Transaction
      Documents”
      means
      this Agreement, the Warrant, the Notes and any other documents or agreements
      executed or delivered in connection with the transactions contemplated
      hereby.

    

    “Underlying
      Shares”
      means
      the shares of Common Stock issuable upon exercise of the Warrants. 

    

    “Warrants”
means
      the Warrants issued by the Company to the Purchasers hereunder in the form
      of
Exhibit
      B
      hereto.

    

    
      
         

      

      
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    ARTICLE
      II.

    PURCHASE
      AND SALE

    

    2.1 
Closing.
      Subject
      to the terms and conditions set forth in this Agreement, at the Closing, the
      Company shall issue and sell to each Purchaser, and each Purchaser shall,
      severally and not jointly, purchase from the Company, the Notes, the Warrants
      and the Shares for the aggregate purchase price set forth below such Purchaser’s
      name on the signature pages hereto. The Closing shall take place at the offices
      of Issuers Counsel or at such other location or time as the parties may
      agree.

    

    2.2 
Closing
      Deliveries.

    

    (a)
      At
      the
      Closing, the Company shall deliver or cause to be delivered to each Purchaser
      the following:

    

    (i) a
      Note,
      registered in the name of such Purchaser, in the principal amount indicated
      below such Purchaser’s name on the signature page of this Agreement under the
      heading “Note Principal Amount”;

    

    (ii) a
      Warrant, registered in the name of such Purchaser, in an amount indicated below
      such Purchaser’s name on the signature page of this Agreement under the heading
“Warrants”;

    

    (iii) the
      Transfer Agent Instructions duly executed by the Company authorizing the
      transfer agent to issue the Shares, in an amount indicated below such
      Purchaser’s name on the signature page of this Agreement under the heading
“Shares” subsequent to the Company engaging in a reverse stock split of the
      Company’s outstanding shares of common stock;

    

    (iv) any
      other
      document reasonably requested by the Purchasers.

    

    (b)
      At
      the
      Closing, each Purchaser shall deliver or cause to be delivered to the Company
      the purchase price indicated below such Purchaser’s name on the signature page
      of this Agreement under the heading “Purchase Price”, in United States dollars
      and in immediately available funds, by wire transfer to an account designated
      in
      writing by the Company for such purpose. 

    

    

    

    ARTICLE
      III.

    REPRESENTATIONS
      AND WARRANTIES

    

    3.1 
Representations
      and Warranties of the Company.
      The
      Company hereby makes the following representations and warranties to the
      Purchasers:

    

    (a)
      Subsidiaries.
      The
      Company does not directly or indirectly control or own any interest in any
      other
      corporation, partnership, joint venture or other business association or entity
      (a “Subsidiary”),
      other
      than set forth in the Reports. Except as disclosed in the Reports, the Company
      owns, directly or indirectly, all of the capital stock of each Subsidiary free
      and clear of any lien, charge, claim, security interest, encumbrance, right
      of
      first refusal or other restriction (collectively, “Liens”),
      and
      all the issued and outstanding shares of capital stock of each Subsidiary are
      validly issued and are fully paid, non-assessable and free of preemptive and
      similar rights.

    

    
      
         

      

      
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    (b)
      Organization
      and Qualification.
      Each of
      the Company and the Subsidiaries is an entity duly incorporated or otherwise
      organized, validly existing and in good standing under the laws of the
      jurisdiction of its incorporation or organization (as applicable), with the
      requisite power and authority to own and use its properties and assets and
      to
      carry on its business as currently conducted. Neither the Company nor any
      Subsidiary is in violation of any of the provisions of its respective
      certificate or articles of incorporation, bylaws or other organizational or
      charter documents. Each of the Company and the Subsidiaries is duly qualified
      to
      conduct business and is in good standing as a foreign corporation or other
      entity in each jurisdiction in which the nature of the business conducted or
      property owned by it makes such qualification necessary, except where the
      failure to be so qualified or in good standing, as the case may be, could not,
      individually or in the aggregate, (i) adversely affect the legality, validity
      or
      enforceability of any Transaction Document, (ii) have or result in a material
      adverse effect on the results of operations, assets, prospects, business or
      condition (financial or otherwise) of the Company and the Subsidiaries, taken
      as
      a whole, or (iii) adversely impair the Company’s ability to perform fully on a
      timely basis its obligations under any Transaction Document (any of (i), (ii)
      or
      (iii), a “Material
      Adverse Effect”).

    

    (c)
      Authorization;
      Enforcement.
      The
      Company has the requisite corporate power and authority to enter into and to
      consummate the transactions contemplated by each of the Transaction Documents
      and otherwise to carry out its obligations hereunder and thereunder. The
      execution and delivery of each of the Transaction Documents by the Company
      and
      the consummation by it of the transactions contemplated hereunder and thereunder
      have been duly authorized by all necessary action on the part of the Company
      and
      no further consent or action is required by the Company, its Board of Directors
      or its stockholders. Each Transaction Document has been (or upon delivery will
      have been) duly executed by the Company and, when delivered in accordance with
      the terms hereof, will constitute the valid and binding obligation of the
      Company enforceable against the Company in accordance with its terms. Neither
      the Company nor any Subsidiary is in violation of any of the provisions of
      its
      certificate or articles of incorporation, by laws or other organizational or
      charter documents. 

    

    (d)
      No
      Conflicts.
      The
      execution, delivery and performance of the Transaction Documents by the Company
      and the consummation by the Company of the transactions contemplated hereby
      do
      not and will not (i) conflict with or violate any provision of the Company’s or
      any Subsidiary’s certificate or articles of incorporation, bylaws or other
      organizational or charter documents, or (ii) conflict with, or constitute a
      default (or an event that with notice or lapse of time or both would become
      a
      default) under, or give to others any rights of termination, amendment,
      acceleration or cancellation (with or without notice, lapse of time or both)
      of,
      any agreement, credit facility, debt or other instrument (evidencing a Company
      or Subsidiary debt or otherwise) or other understanding to which the Company
      or
      any Subsidiary is a party or by which any property or asset of the Company
      or
      any Subsidiary is bound or affected, or (iii) result in a violation of any
      law,
      rule, regulation, order, judgment, injunction, decree or other restriction
      of
      any court or governmental authority to which the Company or a Subsidiary is
      subject (including federal and state securities laws and regulations), or by
      which any property or asset of the Company or a Subsidiary is bound or affected;
      except as do not, individually or in the aggregate, have or are reasonably
      be
      expected to result in a Material Adverse Effect.

    

    
      
         

      

      
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    (e)
      Filings,
      Consents and Approvals.
      The
      Company is not required to obtain any consent, waiver, authorization or order
      of, give any notice to, or make any filing or registration with, any court
      or
      other federal, state, local or other governmental authority or other Person
      in
      connection with the execution, delivery and performance by the Company of the
      Transaction Documents, other than the filing with the Commission of the
      Registration Statement, the application(s) to each Trading Market for the
      listing of the Underlying Shares for trading thereon in the time and manner
      required thereby, and applicable Blue Sky filings (collectively, the “Required
      Approvals”).

    

    (f)
      Issuance
      of the Securities.
      The
      Securities have been duly authorized. The Notes, the Warrants and the Shares
      have been, and the Underlying Shares or other securities issuable upon exercise
      of the Warrants, when so issued in accordance with the terms of the Warrants
      will be, validly issued. The Warrants and the Shares are, and the Underlying
      Shares or other securities issuable upon conversion of the Warrants, when so
      issued in accordance with the terms of the Warrants will be, fully paid and
      nonassessable and free of preemptive or similar rights. The Notes, the Warrants
      and the Shares have been, and the Underlying Shares or other securities issuable
      upon conversion of the Notes, when so issued in accordance with the terms of
      the
      Notes will be, issued in compliance with applicable securities laws, rules
      and
      regulations. The Company has reserved from its duly authorized capital stock
      the
      maximum number of shares of Common Stock to be issued to the applicable
      Purchasers upon exercise of the Warrants or issuable pursuant to the other
      Transaction Documents.

    

    (g)
      Capitalization.
      The
      number of shares and type of all authorized, issued and outstanding capital
      stock of the Company is set forth in the Reports. No securities of the Company
      are entitled to preemptive or similar rights, and no Person has any right of
      first refusal, preemptive right, right of participation, or any similar right
      to
      participate in the transactions contemplated by the Transaction Documents.
      Except as a result of the purchase and sale of the Securities and except as
      disclosed in the Reports, there are no outstanding options, warrants, script
      rights to subscribe to, calls or commitments of any character whatsoever
      relating to, or securities, rights or obligations convertible into or
      exchangeable for, or giving any Person any right to subscribe for or acquire,
      any shares of Common Stock, or contracts, commitments, understandings or
      arrangements by which the Company or any Subsidiary is or may become bound
      to
      issue additional shares of Common Stock, or securities or rights convertible
      or
      exchangeable into shares of Common Stock. The issue and sale of the Securities
      will not obligate the Company to issue shares of Common Stock or other
      securities to any Person (other than the Purchasers) and will not result in
      a
      right of any holder of Company securities to adjust the exercise, conversion,
      exchange or reset price under such securities.

    

    
      
         

      

      
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    (h)
      SEC
      Reports; Financial Statements.
      The
      Company has filed all reports required to be filed by it under the Securities
      Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof,
      for the two years preceding the date hereof (or such shorter period as the
      Company was required by law to file such material) (the foregoing materials
      being collectively referred to herein as the “SEC
      Reports”
and,
      together with the Schedules to this Agreement, the “Disclosure
      Materials”)
      on a
      timely basis or has received a valid extension of such time of filing and has
      filed any such SEC Reports prior to the expiration of any such extension. The
      Company has delivered to the Purchasers a copy of all SEC Reports filed within
      the 10 days preceding the date hereof. As of their respective dates, the SEC
      Reports complied in all material respects with the requirements of the
      Securities Act and the Exchange Act and the rules and regulations of the
      Commission promulgated thereunder, and none of the SEC Reports, when filed,
      contained any untrue statement of a material fact or omitted to state a material
      fact required to be stated therein or necessary in order to make the statements
      therein, in light of the circumstances under which they were made, not
      misleading. The financial statements of the Company included in the SEC Reports
      comply in all material respects with applicable accounting requirements and
      the
      rules and regulations of the Commission with respect thereto as in effect at
      the
      time of filing. Such financial statements have been prepared in accordance
      with
      generally accepted accounting principles applied on a consistent basis during
      the periods involved (“GAAP”),
      except as may be otherwise specified in such financial statements or the notes
      thereto, and fairly present in all material respects the financial position
      of
      the Company and its consolidated subsidiaries as of and for the dates thereof
      and the results of operations and cash flows for the periods then ended,
      subject, in the case of unaudited statements, to normal, immaterial, year-end
      audit adjustments. 

    

    (i)
      Material
      Changes.
      Since
      the date of the latest audited financial statements included within the SEC
      Reports, except as specifically disclosed in the SEC Reports, (i) there has
      been
      no event, occurrence or development that has had or that could reasonably be
      expected to result in a Material Adverse Effect, (ii) the Company has not
      incurred any liabilities (contingent or otherwise) other than (A) trade payables
      and accrued expenses incurred in the ordinary course of business consistent
      with
      past practice and (B) liabilities not required to be reflected in the Company’s
      financial statements pursuant to GAAP or required to be disclosed in filings
      made with the Commission, (iii) the Company has not altered its method of
      accounting or the identity of its auditors, (iv) the Company has not declared
      or
      made any dividend or distribution of cash or other property to its stockholders
      or purchased, redeemed or made any agreements to purchase or redeem any shares
      of its capital stock, and (v) the Company has not issued any equity securities
      to any officer, director or Affiliate, except pursuant to existing Company
      stock
      option plans. The Company does not have pending before the Commission any
      request for confidential treatment of information.

    

    (j)
      Litigation.
      Except
      as disclosed in the SEC Reports, there is no action, suit, inquiry, notice
      of
      violation, proceeding or investigation pending or, to the knowledge of the
      Company, threatened against or affecting the Company, any Subsidiary or any
      of
      their respective properties before or by any court, arbitrator, governmental
      or
      administrative agency or regulatory authority (federal, state, county, local
      or
      foreign) (collectively, an “Action”)
      which
      (i) adversely affects or challenges the legality, validity or enforceability
      of
      any of the Transaction Documents or the Securities or (ii) could, if there
      were
      an unfavorable decision, individually or in the aggregate, have or result in
      a
      Material Adverse Effect. Neither the Company nor any Subsidiary, nor any
      director or officer thereof, is or has been the subject of any Action involving
      a claim of violation of or liability under federal or state securities laws
      or a
      claim of breach of fiduciary duty. There has not been, and to the knowledge
      of
      the Company, there is not pending or contemplated, any investigation by the
      Commission involving the Company or any current or former director or officer
      of
      the Company. The Commission has not issued any stop order or other order
      suspending the effectiveness of any registration statement filed by the Company
      or any Subsidiary under the Exchange Act or the Securities Act.

    

    
      
         

      

      
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    (k)
      Labor
      Relations.
      No
      material labor dispute exists or, to the knowledge of the Company, is imminent
      with respect to any of the employees of the Company.

    

    (l)
      Compliance.
      Neither
      the Company nor any Subsidiary (i) is in default under or in violation of (and
      no event has occurred that has not been waived that, with notice or lapse of
      time or both, would result in a default by the Company or any Subsidiary under),
      nor has the Company or any Subsidiary received notice of a claim that it is
      in
      default under or that it is in violation of, any indenture, loan or credit
      agreement or any other agreement or instrument to which it is a party or by
      which it or any of its properties is bound (whether or not such default or
      violation has been waived), (ii) is in violation of any order of any court,
      arbitrator or governmental body, or (iii) is or has been in violation of any
      statute, rule or regulation of any governmental authority, including without
      limitation all foreign, federal, state and local laws relating to taxes,
      environmental protection, occupational health and safety, product quality and
      safety and employment and labor matters, except in each case as does not,
      individually or in the aggregate, have or reasonably be expected to result
      in a
      Material Adverse Effect.

    

    (m)
      Regulatory
      Permits.
      The
      Company and the Subsidiaries possess all certificates, authorizations and
      permits issued by the appropriate federal, state, local or foreign regulatory
      authorities necessary to conduct their respective businesses as described in
      the
      SEC Reports, except where the failure to possess such permits could not,
      individually or in the aggregate, have or result in a Material Adverse Effect
      (“Material
      Permits”),
      and
      neither the Company nor any Subsidiary has received any notice of proceedings
      relating to the revocation or modification of any Material Permit.

    

    (n)
      Title
      to Assets.
      The
      Company and the Subsidiaries have good and marketable title in fee simple to
      all
      real property owned by them that is material to the business of the Company
      and
      the Subsidiaries and good and marketable title in all personal property owned
      by
      them that is material to the business of the Company and the Subsidiaries,
      in
      each case free and clear of all Liens, except for Liens as do not materially
      affect the value of such property and do not materially interfere with the
      use
      made and proposed to be made of such property by the Company and the
      Subsidiaries. Any real property and facilities held under lease by the Company
      and the Subsidiaries are held by them under valid, subsisting and enforceable
      leases of which the Company and the Subsidiaries are in compliance.

    

    (o)
      Patents
      and Trademarks.
      The
      Company and the Subsidiaries have, or have rights to use, all patents, patent
      applications, trademarks, trademark applications, service marks, trade names,
      copyrights, licenses and other similar rights that are necessary or material
      for
      use in connection with their respective businesses as described in the SEC
      Reports and which the failure to so have could have a Material Adverse Effect
      (collectively, the “Intellectual
      Property Rights”).
      Neither the Company nor any Subsidiary has received a written notice that the
      Intellectual Property Rights used by the Company or any Subsidiary violates
      or
      infringes upon the rights of any Person. To the knowledge of the Company, all
      such Intellectual Property Rights are enforceable and there is no existing
      infringement by another Person of any of the Intellectual Property
      Rights.

    

    
      
         

      

      
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    (p)
      Insurance.
      The
      Company and the Subsidiaries are insured by insurers of recognized financial
      responsibility against such losses and risks and in such amounts as are prudent
      and customary in the businesses in which the Company and the Subsidiaries are
      engaged. Neither the Company nor any Subsidiary has any reason to believe that
      it will not be able to renew its existing insurance coverage as and when such
      coverage expires or to obtain similar coverage from similar insurers as may
      be
      necessary to continue its business without a significant increase in
      cost.

    

    (q)
      Transactions
      With Affiliates and Employees.
      Except
      as set forth in SEC Reports, none of the officers or directors of the Company
      and, to the knowledge of the Company, none of the employees of the Company
      is
      presently a party to any transaction with the Company or any Subsidiary (other
      than for services as employees, officers and directors), including any contract,
      agreement or other arrangement providing for the furnishing of services to
      or
      by, providing for rental of real or personal property to or from, or otherwise
      requiring payments to or from any officer, director or such employee or, to
      the
      knowledge of the Company, any entity in which any officer, director, or any
      such
      employee has a substantial interest or is an officer, director, trustee or
      partner.

    

    (r)
      Internal
      Accounting Controls.
      The
      Company and the Subsidiaries maintain a system of internal accounting controls
      sufficient to provide reasonable assurance that (i) transactions are executed
      in
      accordance with management’s general or specific authorizations, (ii)
      transactions are recorded as necessary to permit preparation of financial
      statements in conformity with GAAP and to maintain asset accountability, (iii)
      access to assets is permitted only in accordance with management’s general or
      specific authorization, and (iv) the recorded accountability for assets is
      compared with the existing assets at reasonable intervals and appropriate action
      is taken with respect to any differences.

    

    (s)
      Solvency.
      Based
      on the financial condition of the Company as of the Closing Date, (i) the
      Company’s fair saleable value of its assets exceeds the amount that will be
      required to be paid on or in respect of the Company’s existing debts and other
      liabilities (including known contingent liabilities) as they mature; (ii) the
      Company’s assets do not constitute unreasonably small capital to carry on its
      business for the current fiscal year as now conducted and as proposed to be
      conducted including its capital needs taking into account the particular capital
      requirements of the business conducted by the Company, and projected capital
      requirements and capital availability thereof; and (iii) the current cash flow
      of the Company, together with the proceeds the Company would receive, were
      it to
      liquidate all of its assets, after taking into account all anticipated uses
      of
      the cash, would be sufficient to pay all amounts on or in respect of its debt
      when such amounts are required to be paid. The Company does not intend to incur
      debts beyond its ability to pay such debts as they mature (taking into account
      the timing and amounts of cash to be payable on or in respect of its
      debt).

    

    (t)
      Certain
      Fees.
      Except
      as described in Schedule
      3.1(t),
      no
      brokerage or finder’s fees or commissions are or will be payable by the Company
      to any broker, financial advisor or consultant, finder, placement agent,
      investment banker, bank or other Person with respect to the transactions
      contemplated by this Agreement. The Purchasers shall have no obligation with
      respect to any fees or with respect to any claims made by or on behalf of other
      Persons for fees of a type contemplated in this Section that may be due in
      connection with the transactions contemplated by this Agreement. The Company
      shall indemnify and hold harmless the Purchasers, their employees, officers,
      directors, agents, and partners, and their respective Affiliates, from and
      against all claims, losses, damages, costs (including the costs of preparation
      and attorney’s fees) and expenses suffered in respect of any such claimed or
      existing fees, as such fees and expenses are incurred.

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    (u)
      Private
      Placement.
      No
      registration under the Securities Act is required for the offer and sale of
      the
      Securities by the Company to the Purchasers as contemplated hereby. The issuance
      and sale of the Securities hereunder does not contravene the rules and
      regulations of the Trading Market and no shareholder approval is required for
      the Company to fulfill its obligations under the Transaction
      Documents.

    

    (v)
      Form
      S-3 Eligibility.
      The
      Company is eligible to register the resale of its Common Stock for resale by
      the
      Purchasers under Form S-3 promulgated under the Securities Act (or if the
      Company is not eligible for the use of Form S-3, the Company may use the form
      of
      registration for which it is eligible at that time).

    

    (w)
      Listing
      and Maintenance Requirements.
      Except
      as disclosed in the SEC Reports, the Company has not, in the two years preceding
      the date hereof, received notice (written or oral) from any Eligible Market
      on
      which the Common Stock is or has been listed or quoted to the effect that the
      Company is not in compliance with the listing or maintenance requirements of
      such Eligible Market. The Company is, and has no reason to believe that it
      will
      not in the foreseeable future continue to be, in compliance with all such
      listing and maintenance requirements.

    

    (x)
      Application
      of Takeover Protections.
      The
      Company and its Board of Directors have taken all necessary action, if any,
      in
      order to render inapplicable any control share acquisition, business
      combination, poison pill (including any distribution under a rights agreement)
      or other similar anti takeover provision under the Company’s Certificate of
      Incorporation (or similar charter documents) or the laws of its state of
      incorporation that is or could become applicable to the Purchasers as a result
      of the Purchasers and the Company fulfilling their obligations or exercising
      their rights under the Transaction Documents, including without limitation
      the
      Company’s issuance of the Securities and the Purchasers’ ownership of the
      Securities.

    

    (y)
      Disclosure.
      The
      Company confirms that neither it nor any other Person acting on its behalf
      has
      provided any of the Purchasers or their agents or counsel with any information
      that constitutes or might constitute material, nonpublic information. The
      Company understands and confirms that each of the Purchasers will rely on the
      foregoing representations in effecting transactions in securities of the
      Company. All disclosure materials provided to the Purchasers regarding the
      Company, its business and the transactions contemplated hereby, including the
      Schedules to this Agreement, furnished by or on behalf of the Company are true
      and correct in all material respects and do not contain any untrue statement
      of
      a material fact or omit to state any material fact necessary in order to make
      the statements made therein, in the light of the circumstances under which
      they
      were made, not misleading; it being understood that the Company has not provided
      the Purchasers, and the Purchasers are not relying on, any information
      constituting a forecast or projection. No event or circumstance has occurred
      or
      information exists with respect to the Company or any of its Subsidiaries or
      its
      or their business, properties, prospects, operations or financial conditions,
      which, under applicable law, rule or regulation, requires public disclosure
      or
      announcement by the Company but which has not been so publicly announced or
      disclosed. The Company acknowledges and agrees that (i) no Purchaser makes
      or
      has made any representations or warranties with respect to the transactions
      contemplated hereby other than those specifically set forth in Section 3.2
      or
      (ii) any statement, commitment or promise to the Company or, to its knowledge,
      any of its representatives which is or was an inducement to the Company to
      enter
      into this Agreement or otherwise.

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    3.2 
Representations
      and Warranties of the Purchasers.
      Each
      Purchaser hereby, as to itself only and for no other Purchaser, represents
      and
      warrants to the Company as follows:

    

    (a)
      Organization;
      Authority.
      Such
      Purchaser is an entity duly organized, validly existing and in good standing
      under the laws of the jurisdiction of its organization with the requisite
      corporate, limited liability company or partnership power and authority to
      enter
      into and to consummate the transactions contemplated by the Transaction
      Documents and otherwise to carry out its obligations hereunder and thereunder.
      The execution, delivery and performance by such Purchaser of this Agreement
      have
      been duly authorized by all necessary corporate or limited liability company
      action on the part of such Purchaser. This Agreement has been duly executed
      by
      such Purchaser and, when delivered by such Purchaser in accordance with terms
      hereof, will constitutes the valid and legally binding obligation of such
      Purchaser, enforceable against it in accordance with its terms.

    

    (b)
      Purchaser
      Status.
      At the
      time such Purchaser was offered the Securities, it was, and at the date hereof
      it is, an “accredited investor” as defined in Rule 501(a) under the Securities
      Act. Such Purchaser is not a registered broker-dealer under Section 15 of the
      Exchange Act.

    

    (c)
      Experience
      of such Purchaser.
      Such
      Purchaser, either alone or together with its representatives, has such
      knowledge, sophistication and experience in business and financial matters
      so as
      to be capable of evaluating the merits and risks of the prospective investment
      in the Securities, and has so evaluated the merits and risks of such investment.
      Such Purchaser is able to bear the economic risk of an investment in the
      Securities and, at the present time, is able to afford a complete loss of such
      investment.

    

    (d)
      General
      Solicitation.
      Such
      Purchaser is not purchasing the Securities as a result of any advertisement,
      article, notice or other communication regarding the Securities published in
      any
      newspaper, magazine or similar media or broadcast over television or radio
      or
      presented at any seminar or any other general solicitation or general
      advertisement.

    

    The
      Company acknowledges and agrees that each Purchaser does not make and has not
      made any representations or warranties with respect to the transactions
      contemplated hereby other than those specifically set forth in this Section
      3.2.

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    ARTICLE
      IV.

    OTHER
      AGREEMENTS OF THE PARTIES

    

    4.1 
Transfer
      Restrictions.

    

    (a)
      The
      Securities may only be disposed of pursuant to an effective registration
      statement under the Securities Act or pursuant to an available exemption from
      the registration requirements of the Securities Act, and in compliance with
      any
      applicable state securities laws. In connection with any transfer of Securities
      other than pursuant to an effective registration statement or to the Company
      or
      pursuant to Rule 144(k), except as otherwise set forth herein, the Company
      may
      require the transferor to provide to the Company an opinion of counsel selected
      by the transferor, the form and substance of which opinion shall be reasonably
      satisfactory to the Company, to the effect that such transfer does not require
      registration under the Securities Act. Notwithstanding the foregoing, the
      Company hereby consents to and agrees to register on the books of the Company
      and with its transfer agent, without any such legal opinion, any transfer of
      Securities by a Purchaser to an Affiliate of such Purchaser, provided that
      the
      transferee certifies to the Company that it is an “accredited investor” as
      defined in Rule 501(a) under the Securities Act. As a condition of transfer,
      any
      such transferee shall agree in writing to be bound by the terms of this
      Agreement and shall have the rights of a Purchaser under this
      Agreement.

    

    (b)
      The
      Purchasers agree to the imprinting, except as otherwise permitted by Section
      4.1(c), the following legend on any certificate evidencing Securities:

    

    [NEITHER]
      THESE SECURITIES [NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE
      EXERCISABLE] HAVE [NOT] BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
      COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN
      EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
      “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT
      TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT
      TO
      AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
      REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN COMPLIANCE WITH
      APPLICABLE STATE SECURITIES LAWS OR BLUE SKY LAWS. NOTWITHSTANDING THE
      FOREGOING, THESE SECURITIES AND THE SECURITIES ISSUABLE UPON CONVERSION OF
      THESE
      SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR
      OTHER
      LOAN OR FINANCING ARRANGEMENT SECURED BY SUCH SECURITIES.

    

    (c)
      Certificates
      evidencing Securities shall not be required to contain the legend set forth
      in
      Section 4.1(b) or any other legend (i) while a Registration Statement covering
      the resale of such Securities is effective under the Securities Act, or (ii)
      following any sale of such Securities pursuant to Rule 144, or (iii) if such
      Securities are eligible for sale under Rule 144(k), 

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    or
      (iv)
      if such legend is not required under applicable requirements of the Securities
      Act (including judicial interpretations and pronouncements issued by the Staff
      of the Commission). The Company shall cause its counsel to issue a legal opinion
      to the Company’s transfer agent on the Effective Date. Following the Effective
      Date or at such earlier time as a legend is no longer required for certain
      Securities, the Company will no later than three Trading Days following the
      delivery by a Purchaser to the Company or the Company’s transfer agent of a
      legended certificate representing such Securities, deliver or cause to be
      delivered to such Purchaser a certificate representing such Securities that
      is
      free from all restrictive and other legends. The Company may not make any
      notation on its records or give instructions to any transfer agent of the
      Company that enlarge the restrictions on transfer set forth in Section 4.1(b).
      For so long as any Purchaser owns Securities, the Company will not effect or
      publicly announce its intention to effect any exchange, recapitalization or
      other transaction that effectively requires or rewards physical delivery of
      certificates evidencing the Common Stock.

    

    (d)
      The
      Company acknowledges and agrees that a Purchaser may from time to time pledge
      or
      grant a security interest in some or all of the Securities in connection with
      a
      bona fide margin agreement or other loan or financing arrangement secured by
      the
      Securities and, if required under the terms of such agreement, loan or
      arrangement, such Purchaser may transfer pledged or secured Securities to the
      pledgees or secured parties. Such a pledge or transfer would not be subject
      to
      approval of the Company and no legal opinion of the pledgee, secured party
      or
      pledgor shall be required in connection therewith. Further, no notice shall
      be
      required of such pledge. At the appropriate Purchaser’s expense, the Company
      will execute and deliver such reasonable documentation as a pledgee or secured
      party of Securities may reasonably request in connection with a pledge or
      transfer of the Securities, including the preparation and filing of any required
      prospectus supplement under Rule 424(b)(3) of the Securities Act or other
      applicable provision of the Securities Act to appropriately amend the list
      of
      selling stockholders thereunder.

    

    4.2 
Acknowledgment
      of Dilution.
      The
      Company acknowledges that the issuance of the Securities (including the
      Underlying Shares) will result in dilution of the outstanding shares of Common
      Stock, which dilution may be substantial under certain market conditions. The
      Company further acknowledges that its obligations under the Transaction
      Documents, including without limitation its obligation to issue the Securities
      (including the Underlying Shares) pursuant to the Transaction Documents, are
      unconditional and absolute and not subject to any right of set off,
      counterclaim, delay or reduction, regardless of the effect of any such dilution
      or any claim that the Company may have against any Purchaser.

    

    4.3 
Furnishing
      of Information.
      As long
      as any Purchaser owns Securities, the Company covenants to timely file (or
      obtain extensions in respect thereof and file within the applicable grace
      period) all reports required to be filed by the Company after the date hereof
      pursuant to the Exchange Act. 

    

    4.4 
Reservation
      and Listing of Securities.

    

    (a)
      The
      Company shall maintain a reserve from its duly authorized shares of Common
      Stock
      for issuance pursuant to the Transaction Documents in such amount as may be
      required to fulfill its obligations in full under the Transaction Documents.
      

    

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    (b)
      The
      Company shall (i) in the time and manner required by each Trading Market,
      prepare and file with such Trading Market an additional shares listing
      application covering all of the shares of Common Stock issued or issuable under
      the Transaction Documents, (ii) take all steps necessary to cause such shares
      of
      Common Stock to be approved for listing on each Trading Market as soon as
      possible thereafter, (iii) provide to the Purchasers evidence of such listing,
      and (iv) maintain the listing of such Common Stock on each such Trading Market
      or another Eligible Market.

    

    4.5 
Use
      of
      Proceeds.
      The
      Company shall use the net proceeds from the sale of the Securities hereunder
      for
      working capital purposes and not for the satisfaction of any portion of the
      Company’s debt (other than payment of trade payables and accrued expenses in the
      ordinary course of the Company’s business and prior practices), to redeem any
      Company equity or equity-equivalent securities or to settle any outstanding
      litigation.

    

    4.6 
Repayment
      of Notes.
      Each of
      the parties hereto agrees that all repayments of the Notes (including any
      interest thereon) by the Company (other than by conversion of the Notes) will
      be
      paid pro rata to the holders thereof based upon the principal amount then
      outstanding to each of such holders.

    

    4.7 
No
      Impairment.
      At all
      times after the date hereof, the Company will not take or permit any action,
      or
      cause or permit any subsidiary to take or permit any action that impairs or
      adversely affects the rights of the Purchasers under the Agreement or the
      Notes.

    

    4.8 
Indemnification.

    

    (a)
      If
      any
      Purchaser or any of its Affiliates or any officer, director, partner,
      controlling person, employee or agent of a Purchaser or any of its Affiliates
      (a
“Related
      Person”)
      becomes
      involved in any capacity in any Proceeding brought by or against any Person
      in
      connection with or as a result of the transactions contemplated by the
      Transaction Documents, the Company will indemnify and hold harmless such
      Purchaser or Related Person for its reasonable legal and other expenses
      (including the costs of any investigation, preparation and travel) and for
      any
      Losses incurred in connection therewith, as such expenses or Losses are
      incurred, excluding only Losses that result directly from such Purchaser’s or
      Related Person’s gross negligence or willful misconduct. In addition, the
      Company shall indemnify and hold harmless each Purchaser and Related Person
      from
      and against any and all Losses, as incurred, arising out of or relating to
      any
      breach by the Company of any of the representations, warranties or covenants
      made by the Company in this Agreement or any other Transaction Document, or
      any
      allegation by a third party that, if true, would constitute such a breach.
      The
      conduct of any Proceedings for which indemnification is available under this
      paragraph shall be governed by Section 6.4(c) below. The indemnification
      obligations of the Company under this paragraph shall be in addition to any
      liability that the Company may otherwise have and shall be binding upon and
      inure to the benefit of any successors, assigns, heirs and personal
      representatives of the Purchasers and any such Related Persons. If the Company
      breaches its obligations under any Transaction Document, then, in addition
      to
      any other liabilities the Company may have under any Transaction Document or
      applicable law, the Company shall pay or reimburse the Purchasers on demand
      for
      all costs of collection and enforcement (including reasonable attorneys fees
      and
      expenses). Without limiting the generality of the foregoing, the Company
      specifically agrees to reimburse the Purchasers on demand for all costs of
      enforcing the indemnification obligations in this paragraph. 

    

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    ARTICLE
      V.

    CONDITIONS

    

    5.1 
Conditions
      Precedent to the Obligations of the Purchasers.
      The
      obligation of each Purchaser to acquire Securities at the Closing is subject
      to
      the satisfaction or waiver by such Purchaser, at or before the Closing, of
      each
      of the following conditions:

    

    (a)
      Representations
      and Warranties.
      The
      representations and warranties of the Company contained herein shall be true
      and
      correct in all material respects as of the date when made and as of the Closing
      as though made on and as of such date; 

    

    (b)
      Performance.
      The
      Company and each other Purchaser shall have performed, satisfied and complied
      in
      all material respects with all covenants, agreements and conditions required
      by
      the Transaction Documents to be performed, satisfied or complied with by it
      at
      or prior to the Closing;

    

    (c)
      No
      Injunction.
      No
      statute, rule, regulation, executive order, decree, ruling or injunction shall
      have been enacted, entered, promulgated or endorsed by any court or governmental
      authority of competent jurisdiction that prohibits the consummation of any
      of
      the transactions contemplated by the Transaction Documents;

    

    (d)
      Adverse
      Changes.
      Since
      the date of execution of this Agreement, no event or series of events shall
      have
      occurred that reasonably would be expected to have or result in a Material
      Adverse Effect; and

    

    (e)
      No
      Suspensions of Trading in Common Stock; Listing.
      Trading
      in the Common Stock shall not have been suspended by the Commission or any
      Trading Market (except for any suspensions of trading of not more than one
      Trading Day solely to permit dissemination of material information regarding
      the
      Company) at any time since the date of execution of this Agreement, and the
      Common Stock shall have been at all times since such date listed for trading
      on
      an Eligible Market.

    

    5.2 
Conditions
      Precedent to the Obligations of the Company.
      The
      obligation of the Company to sell Securities at the Closing is subject to the
      satisfaction or waiver by the Company, at or before the Closing, of each of
      the
      following conditions:

    

    (a)
      Representations
      and Warranties.
      The
      representations and warranties of the Purchasers contained herein shall be
      true
      and correct in all material respects as of the date when made and as of the
      Closing Date as though made on and as of such date; 

    

    (b)
      Performance.
      The
      Purchasers shall have performed, satisfied and complied in all material respects
      with all covenants, agreements and conditions required by the Transaction
      Documents to be performed, satisfied or complied with by the Purchasers at
      or
      prior to the Closing; and

    

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    (c)
      No
      Injunction.
      No
      statute, rule, regulation, executive order, decree, ruling or injunction shall
      have been enacted, entered, promulgated or endorsed by any court or governmental
      authority of competent jurisdiction that prohibits the consummation of any
      of
      the transactions contemplated by the Transaction Documents.

    

    ARTICLE
      VI.

    REGISTRATION
      RIGHTS 

    

    6.1 
Registrations
      Rights.
      If the
      Company shall determine to prepare and file with the Commission a registration
      statement relating to an offering for its own account or the account of others
      under the Securities Act of any of its equity securities, other than on Form
      S-4
      or Form S-8 (each as promulgated under the Securities Act) or their then
      equivalents relating to equity securities to be issued solely in connection
      with
      any acquisition of any entity or business or equity securities issuable in
      connection with stock option or other employee benefit plans, then the Company
      shall include the Shares in such registration statement; provided,
      however,
      Purchasers
      hereby agree that from the effectiveness date of the registration statement
      (the
“Effectiveness Date”) until the date which is 180 days from the Effectiveness
      Date (the “Restriction Date”), Purchasers (including all direct affiliates of
      Purchasers) will not sell, pledge, transfer, hypothecate or otherwise dispose
      of
      any capital stock of the Company, any rights to acquire capital stock of the
      Company or any capital stock which Purchasers has a right to acquire, whether
      such capital stock is registered in the name of the Purchasers or otherwise
      (“Purchasers’ Shares”), other than (i) in connection with an offer made to all
      stockholders of the Company or any merger, consolidation or similar transaction
      involving the Company, or (ii) with the prior written consent of the Company.
      Purchasers further agree that the Company is authorized to place "stop orders"
      on its books to prevent any transfer of shares of capital stock or other
      securities by Purchasers in violation of this Agreement.

    

    ARTICLE
      VII.

    MISCELLANEOUS
      

    

    7.1 
Termination.
      This
      Agreement may be terminated by the Company or any Purchaser, by written notice
      to the other parties, if the Closing has not been consummated by the third
      Trading Day following the date of this Agreement; provided that no such
      termination will affect the right of any party to sue for any breach by the
      other party (or parties).

    

    7.2 
Fees
      and Expenses.
      Except
      as expressly set forth in the Transaction Documents to the contrary, each party
      shall pay the fees and expenses of its advisers, counsel, accountants and other
      experts, if any, and all other expenses incurred by such party incident to
      the
      negotiation, preparation, execution, delivery and performance of this Agreement.
      The Company shall pay all transfer agent fees, stamp taxes and other taxes
      and
      duties levied in connection with the issuance of any Securities.

    

    7.3 
Entire
      Agreement.
      The
      Transaction Documents, together with the Exhibits and Schedules thereto, contain
      the entire understanding of the parties with respect to the subject matter
      hereof and supersede all prior agreements and understandings, oral or written,
      with respect to such matters, which the parties acknowledge have been merged
      into such documents, exhibits and schedules. At or after the Closing, and
      without further consideration, the Company will execute and deliver to the
      Purchasers such further documents as may be reasonably requested in order to
      give practical effect to the intention of the parties under the Transaction
      Documents.

    

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    7.4 
Notices.
      Any and
      all notices or other communications or deliveries required or permitted to
      be
      provided hereunder shall be in writing and shall be deemed given and effective
      on the earliest of (i) the date of transmission, if such notice or communication
      is delivered via facsimile at the facsimile number specified in this Section
      prior to 6:30 p.m. (New York City time) on a Trading Day, (ii) the Trading
      Day
      after the date of transmission, if such notice or communication is delivered
      via
      facsimile at the facsimile number specified in this Agreement later than 6:30
      p.m. (New York City time) on any date and earlier than 11:59 p.m. (New York
      City
      time) on such date, (iii) the Trading Day following the date of mailing, if
      sent
      by nationally recognized overnight courier service, or (iv) upon actual receipt
      by the party to whom such notice is required to be given. The address for such
      notices and communications shall be as follows:

     

    
      	
              If
                to the Company:

            	
              American
                United Global, Inc..

            
	 	
              108
                Village Square - #327

            
	 	
              Somers,
                NY 10589

            
	 	
              Attn: Robert
                Rubin, CEO

            
	 	
              Fax
                No.:  (631)
                254-2136

            
	 	 
	
              With
                a copy to:

            	
              With
                a copy to:

            
	 	
              Sichenzia
                Ross Friedman Ference LLP

            
	 	
              1065
                Avenue of the Americas

            
	 	
              New
                York, New York 10018

            
	 	
              Attn:
                 Richard
                A. Friedman, Esq.

            
	 	
              Fax
                No.:  212-930-9725

            
	 	 
	
              If
                to the Purchasers:

            	
              To
                the address set forth under such Purchaser’s name on the signature pages
                attached hereto.

            
	 	 

    

    

    or
      such
      other address as may be designated in writing hereafter, in the same manner,
      by
      such Person.
      

    

    7.5 
Amendments;
      Waivers.
      No
      provision of this Agreement may be waived or amended except in a written
      instrument signed, in the case of an amendment, by the Company and each of
      the
      Purchasers or, in the case of a waiver, by the party against whom enforcement
      of
      any such waiver is sought. No waiver of any default with respect to any
      provision, condition or requirement of this Agreement shall be deemed to be
      a
      continuing waiver in the future or a waiver of any subsequent default or a
      waiver of any other provision, condition or requirement hereof, nor shall any
      delay or omission of either party to exercise any right hereunder in any manner
      impair the exercise of any such right. Notwithstanding the foregoing, a waiver
      or consent to depart from the provisions hereof with respect to a matter that
      relates exclusively to the rights of Purchasers under Article VI and that does
      not directly or indirectly affect the rights of other Purchasers may be given
      by
      Purchasers holding at least a majority of the Registrable Securities to which
      such waiver or consent relates.

    

    7.6 
Construction.
      The
      headings herein are for convenience only, do not constitute a part of this
      Agreement and shall not be deemed to limit or affect any of the provisions
      hereof. The language used in this Agreement will be deemed to be the language
      chosen by the parties to express their mutual intent, and no rules of strict
      construction will be applied against any party.

    

    7.7 
Successors
      and Assigns.
      This
      Agreement shall be binding upon and inure to the benefit of the parties and
      their successors and permitted assigns. The Company may not assign this
      Agreement or any rights or obligations hereunder without the prior written
      consent of the Purchasers. Any Purchaser may assign its rights under this
      Agreement to any Person to whom such Purchaser assigns or transfers any
      Securities, provided such transferee agrees in writing to be bound, with respect
      to the transferred Securities, by the provisions hereof that apply to the
“Purchasers.” Notwithstanding anything to the contrary herein, Securities may be
      assigned to any Person in connection with a bona fide margin account or other
      loan or financing arrangement secured by such Securities.

    

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    7.8 
No
      Third-Party Beneficiaries.
      This
      Agreement is intended for the benefit of the parties hereto and their respective
      successors and permitted assigns and is not for the benefit of, nor may any
      provision hereof be enforced by, any other Person, except that each Related
      Person is an intended third party beneficiary of Section 4.14 and each
      Indemnified Party is an intended third party beneficiary of Section 6.4 and
      (in
      each case) may enforce the provisions of such Sections directly against the
      parties with obligations thereunder.

    

    7.9 
Governing
      Law; Venue; Waiver of Jury Trial.
      All
      questions concerning the construction, validity, enforcement and interpretation
      of this Agreement shall be governed by and construed and enforced in accordance
      with the internal laws of the State of New York, without regard to the
      principles of conflicts of law thereof. Each party agrees that all legal
      proceedings concerning the interpretations, enforcement and defense of the
      transactions contemplated by any of the Transaction Documents (whether brought
      against a party hereto or its respective Affiliates, directors, officers,
      shareholders, employees or agents) shall be commenced exclusively in the state
      and federal courts sitting in the City of New York, Borough of Manhattan. Each
      party hereto hereby irrevocably submits to the exclusive jurisdiction of the
      state and federal courts sitting in the City of New York, Borough of Manhattan
      for the adjudication of any dispute hereunder or in connection herewith or
      with
      any transaction contemplated hereby or discussed herein (including with respect
      to the enforcement of any of this Agreement), and hereby irrevocably waives,
      and
      agrees not to assert in any suit, action or proceeding, any claim that it is
      not
      personally subject to the jurisdiction of any such court, that such suit, action
      or proceeding is improper. Each party hereto hereby irrevocably waives personal
      service of process and consents to process being served in any such suit, action
      or proceeding by mailing a copy thereof via registered or certified mail or
      overnight delivery (with evidence of delivery) to such party at the address
      in
      effect for notices to it under this Agreement and agrees that such service
      shall
      constitute good and sufficient service of process and notice thereof. Nothing
      contained herein shall be deemed to limit in any way any right to serve process
      in any manner permitted by law. Each party hereto hereby irrevocably waives,
      to
      the fullest extent permitted by applicable law, any and all right to trial
      by
      jury in any legal proceeding arising out of or relating to this Agreement or
      any
      of the Transaction Documents or the transactions contemplated hereby or thereby.
      If either party shall commence an action or proceeding to enforce any provisions
      of this Agreement or any Transaction Document, then the prevailing party in
      such
      action or proceeding shall be reimbursed by the other party for its reasonable
      attorneys fees and other reasonable costs and expenses incurred with the
      investigation, preparation and prosecution of such action or
      proceeding.

    

    7.10 
Survival.
      The
      representations, warranties, agreements and covenants contained herein shall
      survive the Closing and the delivery, exercise and/or conversion of the
      Securities, as applicable.

    

    7.11 
Execution.
      This
      Agreement may be executed in two or more counterparts, all of which when taken
      together shall be considered one and the same agreement and shall become
      effective when counterparts have been signed by each party and delivered to
      the
      other party, it being understood that both parties need not sign the same
      counterpart. In the event that any signature is delivered by facsimile
      transmission, such signature shall create a valid and binding obligation of
      the
      party executing (or on whose behalf such signature is executed) the same with
      the same force and effect as if such facsimile signature page were an original
      thereof.

    

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    7.12 
Severability.
      If any
      provision of this Agreement is held to be invalid or unenforceable in any
      respect, the validity and enforceability of the remaining terms and provisions
      of this Agreement shall not in any way be affected or impaired thereby and
      the
      parties will attempt to agree upon a valid and enforceable provision that is
      a
      reasonable substitute therefor, and upon so agreeing, shall incorporate such
      substitute provision in this Agreement.

    

    7.13 
Rescission
      and Withdrawal Right.
      Notwithstanding anything to the contrary contained in (and without limiting
      any
      similar provisions of) the Transaction Documents, whenever any Purchaser
      exercises a right, election, demand or option under a Transaction Document
      and
      the Company does not timely perform its related obligations within the periods
      therein provided, then such Purchaser may rescind or withdraw, in its sole
      discretion from time to time upon written notice to the Company, any relevant
      notice, demand or election in whole or in part without prejudice to its future
      actions and rights.

    

    7.14 
Replacement
      of Securities.
      If any
      certificate or instrument evidencing any Securities is mutilated, lost, stolen
      or destroyed, the Company shall issue or cause to be issued in exchange and
      substitution for and upon cancellation thereof, or in lieu of and substitution
      therefor, a new certificate or instrument, but only upon receipt of evidence
      reasonably satisfactory to the Company of such loss, theft or destruction and
      customary and reasonable indemnity, if requested. The applicants for a new
      certificate or instrument under such circumstances shall also pay any reasonable
      third-party costs associated with the issuance of such replacement
      Securities.

    

    7.15 
Remedies.
      In
      addition to being entitled to exercise all rights provided herein or granted
      by
      law, including recovery of damages, each of the Purchasers and the Company
      will
      be entitled to specific performance under the Transaction Documents. The parties
      agree that monetary damages may not be adequate compensation for any loss
      incurred by reason of any breach of obligations described in the foregoing
      sentence and hereby agrees to waive in any action for specific performance
      of
      any such obligation the defense that a remedy at law would be
      adequate.

    

    7.16 
Payment
      Set Aside.
      To the
      extent that the Company makes a payment or payments to any Purchaser hereunder
      or any Purchaser enforces or exercises its rights hereunder or thereunder,
      and
      such payment or payments or the proceeds of such enforcement or exercise or
      any
      part thereof are subsequently invalidated, declared to be fraudulent or
      preferential, set aside, recovered from, disgorged by or are required to be
      refunded, repaid or otherwise restored to the Company by a trustee, receiver
      or
      any other person under any law (including, without limitation, any bankruptcy
      law, state or federal law, common law or equitable cause of action), then to
      the
      extent of any such restoration the obligation or part thereof originally
      intended to be satisfied shall be revived and continued in full force and effect
      as if such payment had not been made or such enforcement or setoff had not
      occurred.

    

    7.17 
Usury.
      To the
      extent it may lawfully do so, the Company hereby agrees not to insist upon
      or
      plead or in any manner whatsoever claim, and will resist any and all efforts
      to
      be compelled to take the benefit or advantage of, usury laws wherever enacted,
      now or at any time hereafter in force, in connection with any claim, action
      or
      proceeding that may be brought by any Purchaser in order to enforce any right
      or
      remedy under any Transaction Document. 

     

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

     

    Notwithstanding
      any provision to the contrary contained in any Transaction Document, it is
      expressly agreed and provided that the total liability of the Company under
      the
      Transaction Documents for payments in the nature of interest shall not exceed
      the maximum lawful rate authorized under applicable law (the “Maximum
      Rate”),
      and,
      without limiting the foregoing, in no event shall any rate of interest or
      default interest, or both of them, when aggregated with any other sums in the
      nature of interest that the Company may be obligated to pay under the
      Transaction Documents exceed such Maximum Rate. It is agreed that if the maximum
      contract rate of interest allowed by law and applicable to the Transaction
      Documents is increased or decreased by statute or any official governmental
      action subsequent to the date hereof, the new maximum contract rate of interest
      allowed by law will be the Maximum Rate of interest applicable to the
      Transaction Documents from the effective date forward, unless such application
      is precluded by applicable law. If under any circumstances whatsoever, interest
      in excess of the Maximum Rate is paid by the Company to any Purchaser with
      respect to indebtedness evidenced by the Transaction Documents, such excess
      shall be applied by such Purchaser to the unpaid principal balance of any such
      indebtedness or be refunded to the Company, the manner of handling such excess
      to be at such Purchaser’s election.

    

    7.18 
Independent
      Nature of Purchasers’ Obligations and Rights.
      The
      obligations of each Purchaser under any Transaction Document are several and
      not
      joint with the obligations of any other Purchaser, and no Purchaser shall be
      responsible in any way for the performance of the obligations of any other
      Purchaser under any Transaction Document. The decision of each Purchaser to
      purchase Notes pursuant to this Agreement has been made by such Purchaser
      independently of any other Purchaser and independently of any information,
      materials, statements or opinions as to the business, affairs, operations,
      assets, properties, liabilities, results of operations, condition (financial
      or
      otherwise) or prospects of the Company or of the Subsidiary which may have
      been
      made or given by any other Purchaser or by any agent or employee of any other
      Purchaser, and no Purchaser or any of its agents or employees shall have any
      liability to any other Purchaser (or any other person) relating to or arising
      from any such information, materials, statements or opinions. Nothing contained
      herein or in any Transaction Document, and no action taken by any Purchaser
      pursuant thereto, shall be deemed to constitute the Purchasers as a partnership,
      an association, a joint venture or any other kind of entity, or create a
      presumption that the Purchasers are in any way acting in concert or as a group
      with respect to such obligations or the transactions contemplated by the
      Transaction Document. The Company hereby confirms that it understands and agrees
      that the Purchasers are not acting as a “group” as that term is used in Section
      13(d) of the Exchange Act. Each Purchaser acknowledges that no other Purchaser
      has acted as agent for such Purchaser in connection with making its investment
      hereunder and that no other Purchaser will be acting as agent of such Purchaser
      in connection with monitoring its investment hereunder. Each Purchaser shall
      be
      entitled to independently protect and enforce its rights, including without
      limitation the rights arising out of this Agreement or out of the other
      Transaction Documents, and it shall not be necessary for any other Purchaser
      to
      be joined as an additional party in any proceeding for such purpose. Each
      Purchaser represents that it has been represented by its own separate legal
      counsel in its review and negotiations of this Agreement and the Transaction
      Documents.

    

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    7.19 
Adjustments
      in Share Numbers and Prices.
      In the
      event of any stock split, subdivision, dividend or distribution payable in
      shares of Common Stock (or other securities or rights convertible into, or
      entitling the holder thereof to receive directly or indirectly shares of Common
      Stock), combination or other similar recapitalization or event occurring after
      the date hereof, each reference in this Agreement to a number of shares or
      a
      price per share shall be amended to appropriately account for such
      event.

    

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        21

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Securities Purchase
      Agreement to be duly executed by their respective authorized signatories as
      of
      the date first indicated above.

    
      	 	
              AMERICAN
                UNITED GLOBAL, INC.

            
	 	 
	 	 
	 	
              By: 
                _____________________________________

            
	 	
              Name:
                Robert Rubin

            
	 	
              Title:
                CEO

            
	 	 
	 	 
	 	 

    

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        22

        
          

        

      

      
         

      

    

    

    
      	 	 
	 	 
	 	 
	 	        
              _________________________________
	 	
              Marvin
                Mermelstein 

            
	 	 
	 	        
              _________________________________
	 	
              Joseph
                Mermelstein 

            
	 	
              Purchase
                Price:                   
                 $250,000

            
	 	
              Notes
                Principal Amount:    $250,000

            
	 	
              Shares:                                    
                125,000

            
	 	
              Warrants:                                125,000

            
	 	 
	 	 
	 	 
	 	 
	 	
              Facsimile
                No.:      ( 
                 ) 

            
	 	
              Telephone
                No.:   (  
                )

            
	 	
              Attn.: 

            
	 	 
	 	 

    

     

    
 

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

    

    
      	 	 
	 	 
	 	 
	 	 
	 	        
              _______________________________
	 	
              Leo
                Zisman

            
	 	 
	 	 
	 	 
	 	
              Purchase
                Price:                   
                $900,000

            
	 	
              Notes
                Principal Amount:   $900,000

            
	 	
              Shares:                                  
                450,000 

            
	 	
              Warrants:                             
                450,000

            
	 	
              Address
                for Notice:

            
	 	 
	 	 
	 	 
	 	
              Facsimile
                No.:     (  
                 ) 

            
	 	
              Telephone
                No.:  (  
                 )

            
	 	 
	 	
              Attn.: 

            

    

     

     

    
      
         

      

      
        24

        
          

        

      

      
         

      

       

    

    
      	 	 
	 	 
	 	 
	 	         ________________________________
	 	
              Howard
                Rosenfeld 

            
	 	
               

            
	 	 
	 	 
	 	
              Purchase
                Price:                 
                $65,000

            
	 	
              Notes
                Principal Amount: $65,000

            
	 	
              Shares:                                 
                32,500

            
	 	
              Warrants:                            
                32,500

            
	 	 
	 	 
	 	 
	 	
              Address
                for Notice:

               

               

               

               

              Facsimile
                No.:     (   ) -

              Telephone
                No.:  (   ) -

              Attn:
                

            
	 	 

    

     

     

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

    
 

    
      	 	 
	 	 
	 	 
	 	        
              ________________________________
	 	
              Alan
                Rosenfeld 

            
	 	
               

            
	 	 
	 	 
	 	
              Purchase
                Price:                    
                $35,000

            
	 	
              Notes
                Principal Amount:    $35,000

            
	 	
              Shares:                                    
                17,500

            
	 	
              Warrants:                               
                17,500

            
	 	 
	 	 
	 	 
	 	
              Address
                for Notice:

               

               

               

               

              Facsimile
                No.:       (   ) -

              Telephone
                No.:    (   ) -

              Attn:
                

            
	 	 

    

     

     

    
      
         

      

      
        26

        
          

        

      

      
         

      

    

     

    Exhibits:

    

    A. Form
      of
      Note

    

    B.
       Form
      of
      Warrant

    

     

     

    
 

    
      
         

      

      
        27AMENDMENT
      NO. 1 TO THE SECURITIES PURCHASE AGREEMENT

    

    This
      Amendment No. 1 to the Securities Purchase Agreement is entered into and dated
      as of May 18, 2006 (this “Amendment”),
      by
      and among American United Global, Inc., a Delaware corporation (the
“Company”),
      and
      each of the purchasers identified on the signature pages hereto (each, a
“Purchaser”
and
      collectively, the “Purchasers”).

    

    WHEREAS,
      on March 16, 2006, the Purchasers and the Company entered into Securities
      Purchase Agreement (the “Agreement”)
      pursuant to which the Company issued to the Purchasers an aggregate of
      $1,250,000 in Promissory Notes (the “Notes”),
      a
      common stock purchase warrant to purchase one share of common stock of the
      Company for every $2.00 invested pursuant to the Notes (the “Warrants”)
      and
      one share of common stock of the Company for every $2.00 invested pursuant
      to
      the Notes (the “Shares”);

    

    WHEREAS,
      subsequent to the issuance of the Notes, the Warrants and the Shares and the
      closing of the transactions contemplated by the Agreement, the Company revised
      the terms certain other financing transactions and/or revised the terms pursuant
      to which it is completing the acquisition of substantially all of the shares
      of
      Kraft Rt., a Hungarian corporation; 

    

    WHEREAS,
      as a result of the above, the Purchasers and the Company have elected to amend
      the Agreement, the Notes and the Warrants;

    

    NOW,
      THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Amendment,
      and for other good and valuable consideration, the receipt and adequacy of
      which
      are hereby acknowledged, the Company and each Purchaser, severally and not
      jointly, agree as follows:

    

    Section
      1. The
      number of Shares shall be increased from one share of common stock of the
      Company for every $2.00 invested pursuant to the Notes to one and six/tenths
      shares for every $2.00 invested pursuant to the Notes. The number of Shares
      for
      each individual Purchaser is set forth below next to such Purchaser’s name on
      the signature page hereto.

    

    Section
      2.  The
      Notes
      shall be amended as set forth in the Amended and Restated Note attached hereto
      as Exhibit
      A.
      

    

    Section
      3.  Section
      2(c) of the Warrant shall be amended and restated as follows:

    

    In
      the
      event the Company should at any time or from time to time after the Original
      Issue Date, fix a record date for the effectuation of a reverse stock split,
      or
      a transaction having a similar effect on the number of outstanding shares of
      Common Stock of the Company, then, as of such record date (or the date of such
      reverse stock split or similar transaction if no record date is fixed), the
      number of Warrant Shares issuable upon the exercise hereof shall be
      proportionately decreased and the Exercise Price shall be appropriately
      increased by the same proportion as the decrease of the number of outstanding
      Common Stock Equivalents resulting from the reverse stock split or similar
      transaction; provided, however,
      prior to
      December 31, 2006, in
      the
      event that the Company shall complete or effect a consolidation or reverse
      split
      of its outstanding shares of common stock into a greater or lesser number of
      shares of Common Stock, then in each such case the
      number of Warrant Shares issuable upon the exercise hereof shall and the
      Exercise Price
      shall
      not be impacted.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Section
      4.  No
      provision of this Amendment may be waived or amended except in a written
      instrument signed, in the case of an amendment, by the Company and each of
      the
      Purchasers or, in the case of a waiver, by the party against whom enforcement
      of
      any such waiver is sought. No waiver of any default with respect to any
      provision, condition or requirement of this Agreement shall be deemed to be
      a
      continuing waiver in the future or a waiver of any subsequent default or a
      waiver of any other provision, condition or requirement hereof, nor shall any
      delay or omission of either party to exercise any right hereunder in any manner
      impair the exercise of any such right. 

    

    Section
      5.  The
      headings herein are for convenience only, do not constitute a part of this
      Agreement and shall not be deemed to limit or affect any of the provisions
      hereof. The language used in this Agreement will be deemed to be the language
      chosen by the parties to express their mutual intent, and no rules of strict
      construction will be applied against any party.

    

    Section
      6. This
      Amendment shall be binding upon and inure to the benefit of the parties and
      their successors and permitted assigns. The Company may not assign this
      Amendment or any rights or obligations hereunder without the prior written
      consent of the Purchasers. Any Purchaser may assign its rights under this
      Amendment to any person to whom such Purchaser assigns or transfers any
      securities, provided such transferee agrees in writing to be bound, with respect
      to the transferred securities, by the provisions hereof that apply to the
“Purchasers.” Notwithstanding anything to the contrary herein, securities may be
      assigned to any person in connection with a bona fide margin account or other
      loan or financing arrangement secured by such Securities.

    

    Section
      7. Terms
      not
      defined herein shall have the meaning as set forth in the
      Agreement.

    

    Section
      8. All
      questions concerning the construction, validity, enforcement and interpretation
      of this Amendment shall be governed by and construed and enforced in accordance
      with the internal laws of the State of New York, without regard to the
      principles of conflicts of law thereof. Each party agrees that all legal
      proceedings concerning the interpretations, enforcement and defense of the
      transactions contemplated by any of the Transaction Documents (whether brought
      against a party hereto or its respective Affiliates, directors, officers,
      shareholders, employees or agents) shall be commenced exclusively in the state
      and federal courts sitting in the City of New York, Borough of Manhattan. Each
      party hereto hereby irrevocably submits to the exclusive jurisdiction of the
      state and federal courts sitting in the City of New York, Borough of Manhattan
      for the adjudication of any dispute hereunder or in connection herewith or
      with
      any transaction contemplated hereby or discussed herein (including with respect
      to the enforcement of any of this Amendment), and hereby irrevocably waives,
      and
      agrees not to assert in any suit, action or proceeding, any claim that it is
      not
      personally subject to the jurisdiction of any such court, that such suit, action
      or proceeding is improper. Each party hereto hereby irrevocably waives personal
      service of process and consents to process being served in any such suit, action
      or proceeding by mailing a copy thereof via registered or certified mail or
      overnight delivery (with evidence of delivery) to such party at the address
      in
      effect for notices to it under this Agreement and agrees that such service
      shall
      constitute good and sufficient service of process and notice thereof. Nothing
      contained herein shall be deemed to limit in any way any right to serve process
      in any manner permitted by law. Each party hereto hereby irrevocably waives,
      to
      the fullest extent permitted by applicable law, any and all right to trial
      by
      jury in any legal proceeding arising out of or relating to this Agreement or
      any
      of the Transaction Documents or the transactions contemplated hereby or thereby.
      If either party shall commence an action or proceeding to enforce any provisions
      of this Agreement or any Transaction Document, then the prevailing party in
      such
      action or proceeding shall be reimbursed by the other party for its reasonable
      attorneys fees and other reasonable costs and expenses incurred with the
      investigation, preparation and prosecution of such action or
      proceeding.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    Section
      9. This
      Amendment may be executed in two or more counterparts, all of which when taken
      together shall be considered one and the same agreement and shall become
      effective when counterparts have been signed by each party and delivered to
      the
      other party, it being understood that both parties need not sign the same
      counterpart. In the event that any signature is delivered by facsimile
      transmission, such signature shall create a valid and binding obligation of
      the
      party executing (or on whose behalf such signature is executed) the same with
      the same force and effect as if such facsimile signature page were an original
      thereof.

    

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        3

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to the
      Securities Purchase Agreement to be duly executed by their respective authorized
      signatories as of the date first indicated above.

     

    
      	 	
              AMERICAN
                UNITED GLOBAL, INC.

            
	 	 
	 	 
	 	
              By: 
                ________________________________

            
	 	
              Name:
                Robert Rubin

            
	 	
              Title:
                CEO

            
	 	 
	 	 
	 	 

    

     

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      PAGES OF PURCHASERS FOLLOW.]

    

     

     

    
 

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    
      	 	 
	 	 
	 	 
	 	 
	 	    
              __________________________________ 
	 	 
	 	 
	 	    
              __________________________________  
	 	 
	 	
              Purchase
                Price: $250,000

            
	 	
              Notes
                Principal Amount: $250,000

            
	 	
              Shares:
                200,000

            
	 	
              Warrants:
                125,000

            
	 	 
	 	 
	 	 
	 	 
	 	
              Facsimile
                No.:     ( 
                 ) 

            
	 	
              Telephone
                No.:  ( 
                 )

            
	 	
              Attn.: 

            
	 	 
	 	 

    

     

    
 

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    

    
      	 	 
	 	 
	 	 
	 	 
	 	    
              __________________________________ 
	 	 
	 	 
	 	 
	 	
              Purchase
                Price:                  
                $900,000

            
	 	
              Notes
                Principal Amount:  $900,000

            
	 	
              Shares:                                  
                720,000 

            
	 	
              Warrants:                             
                450,000

            
	 	
              Address
                for Notice:

            
	 	 
	 	 
	 	 
	 	
              Facsimile
                No.:      ( 
                 ) 

            
	 	
              Telephone
                No.:   ( 
                 )

            
	 	
               

              Attn.: 

            

    

     

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    
 

    
      	 	 
	 	 
	 	 
	 	    
              __________________________________
	 	 
	 	
               

            
	 	 
	 	 
	 	
              Purchase
                Price:                  
                $65,000

            
	 	
              Notes
                Principal Amount:  $65,000

            
	 	
              Shares:                                  
                52,000

            
	 	
              Warrants:                             
                32,500

            
	 	 
	 	 
	 	 
	 	
              Address
                for Notice:

               

               

               

               

              Facsimile
                No.:     (   ) -

              Telephone
                No.:  (   ) -

              Attn:
                

            

    

     

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    
 

    
      	 	 
	 	 
	 	 
	 	    
              __________________________________
	 	 
	 	
               

            
	 	 
	 	 
	 	
              Purchase
                Price:                   
                $35,000

            
	 	
              Notes
                Principal Amount:   $35,000

            
	 	
              Shares:                                  
                28,000

            
	 	
              Warrants:                             
                17,500

            
	 	 
	 	 
	 	 
	 	
              Address
                for Notice:

               

               

               

               

              Facsimile
                No.:     (   ) -

              Telephone
                No.:  (   ) -

              Attn:
                

            

    

    

    
      
         

      

      
        8

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