Document:

Exhibit 4.5

                          PLEDGE AND SECURITY AGREEMENT

     PLEDGE AND SECURITY AGREEMENT (this "Agreement"), dated as of August 01,
2013, made by and among RED GIANT ENTERTAINMENT, INC., a Nevada corporation (the
"Company") and each holder of Company's common stock signatory hereto (the
"Pledgor" and, collectively, the "Pledgors") in favor of WHC CAPITAL, LLC (the
"Agent") and each of the holders of the Company's 12% Secured Convertible
Debentures due, unless demanded earlier pursuant to the terms therein, August
01, 2013 (collectively, the "Pledgees").

                              W I T N E S S E T H:

     WHEREAS, Pledgees have agreed, severally and not jointly, to lend to the
Company, and the Company has agreed to borrow from the Pledgees, up to an
aggregate of $166,000.00 pursuant to the terms and conditions set forth in the
12% Secured Convertible Debentures of the Company (the "Debentures");

     WHEREAS, pursuant to the provisions of the Debentures, and as a condition
to the obligation of the Pledgees to lend thereunder, the Pledgors, as
principals, employees and shareholders of the Company, have agreed to make the
pledge contemplated by this Agreement in order to induce Pledgees to perform
their obligations under the Debentures;

      WHEREAS, as a condition to the obligation of the Pledgees to lend pursuant
to the Debentures, the Company agrees to undertake such action contemplated by
this Agreement in order to induce Pledgees to perform their obligations under
the Debentures;

     WHEREAS, Pledgors own the shares of common stock, $0.001 par value per
share, of the Company (the "Common Stock") as set forth opposite the Pledgors'
respective names on Schedule A attached hereto;

     WHEREAS, terms used but not otherwise defined in this Agreement that are
defined in Article 9 of the Uniform Commercial Code in effect in the State of
New York at that time (whether or not the UCC applies to the affected Pledged
Collateral) (the "UCC") shall have the meanings ascribed to them in the UCC; and

     NOW, THEREFORE, in consideration of the premises, covenants and promises
contained herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

     SECTION 1. Pledge and Security Interest. Each Pledgor hereby
unconditionally and irrevocably pledges, grants and hypothecates to the
Pledgees, and grants to the Pledgees a continuing first priority security
interest in, a first lien upon and a right of set-off against, all of its
respective rights, titles and interests of whatsoever kind and nature in (the
"Security Interest"), and to secure the complete and timely payment, performance
and discharge in full, as the case may be, of all of the obligations pursuant to
the Debentures, the following (collectively, the "Pledged Collateral"):
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          (a) the shares of Common Stock owned by such Pledgor and set forth on
     Schedule A attached hereto (the "Pledged Shares"), and all dividends, cash,
     instruments and other property from time to time received, receivable or
     otherwise distributed in respect of or in exchange for any or all of the
     Pledged Shares; and

          (b) all proceeds of any and all of the foregoing Pledged Collateral,
     in whatever form (including, without limitation, proceeds that constitute
     property of the types described above).

     SECTION 2. Security for Obligations. This Agreement secures the payment and
performance of the following obligations (collectively, the "Obligations"): all
present and future indebtedness, obligations, covenants, duties and liabilities
of any kind or nature of the Company to the Pledgees now existing or hereafter
arising under or in connection with this Agreement or the Debentures
(collectively, the "Transaction Documents").

     SECTION 3. Delivery of Pledged Collateral. Upon the date hereof, all
certificates representing or evidencing the Pledged Shares, in suitable form for
transfer by delivery, or accompanied by instruments of transfer or assignment
duly executed in blank, are being deposited with and delivered to the Agent, as
collateral agent for the Pledgees. The Agent shall have the right, at any time
after the occurrence of an Event of Default (as hereinafter defined) (unless
such Event of Default is waived in writing by the Pledgees), without notice to
the Pledgor, to transfer to or to register in the name of the Pledgees or their
nominees any or all of the Pledged Collateral. In addition, the Agent shall have
the right at any time after the occurrence of an Event of Default (unless such
Event of Default is waived in writing by the Pledgees), to exchange certificates
or instruments representing or evidencing Pledged Collateral for certificates or
instruments of smaller or larger denominations.

     SECTION 4. Representations and Warranties. Each Pledgor, severally and not
jointly with the other Pledgors, represents and warrants as follows:

     (a) Except as set forth on Schedule 4(a) hereto, such Pledgor is the legal,
record and beneficial owner of the Pledged Collateral owned by such Pledgor,
free and clear of any lien, security interest, restriction, option or other
charge or encumbrance (collectively, "Liens").

     (b) The pledge of the Pledged Collateral and the grant of the Security
Interest pursuant to this Agreement creates a valid and perfected first priority
security interest in the Pledged Collateral, securing payment and performance of
the Obligations.

     (c) Except for the filing of financing statements pursuant to the UCC with
the proper filing and recording agencies in the jurisdictions indicated on
Schedule B attached hereto, no consent of any other person or entity and no
authorization, approval, or other action by, and no notice to or filing with,
any governmental authority or regulatory body is required (i) for the pledge by
the Pledgor of the Pledged Collateral pursuant to this Agreement or for the
execution, delivery or performance of this Agreement by the Pledgor, (ii) for
the perfection or maintenance of the security interest created hereby, or (iii)

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for the exercise by the Agent of the voting or other rights provided for in this
Agreement or the remedies in respect of the Pledged Collateral pursuant to this
Agreement (except as may be required in connection with any disposition of any
portion of the Pledged Collateral by laws affecting the offering and sale of
securities generally).

     (d) There are no conditions precedent to the effectiveness of this
Agreement that have not been satisfied or waived.

     (e) Effective on the date of execution of this Agreement, such Pledgor
hereby authorizes the Agent to file one or more financing statements under the
UCC with respect to the Security Interest with the proper filing and recording
agencies in the jurisdictions indicated on Schedule B attached hereto, and in
such other jurisdictions as may be requested by the Pledgees.

     (f) Such Pledgor will not transfer, pledge, hypothecate, sell or otherwise
dispose of any of the Pledged Collateral without the prior written consent of
the Pledgees.

     (g) Such Pledgor shall promptly execute and deliver to the Pledgees such
further assignments, security agreements, financing statements or other
instruments, documents, certificates and assurances and take such further action
as the Pledgees may from time to time request and may in its sole discretion
deem necessary to perfect, protect or enforce its security interest in the
Pledged Collateral.

     (h) All information heretofore, herein or hereafter supplied to the
Pledgees by or on behalf of such Pledgor with respect to the Pledged Collateral
is accurate and complete in all material respects as of the date furnished.

     SECTION 5. Further Assurances. Each Pledgor, severally and not jointly with
the other Pledgors, agrees that at any time and from time to time, at the
expense of such Pledgor, the Pledgor shall promptly execute and deliver all
further instruments and documents, and take all further action, that may be
necessary or desirable, or that the Agent and/or the Pledgees may reasonably
request, in order to perfect and protect any security interest granted or
purported to be granted hereby or to enable the Agent and/or Pledgees to
exercise and enforce their rights and remedies hereunder with respect to any
Pledged Collateral. The Company agrees that at any time and from time to time,
at the expense of the Company, the Company shall promptly execute and deliver
all further instruments and documents, and take all further action, that may be
necessary or desirable, or that the Pledgees may reasonably request.

     SECTION 6. Voting Rights; Dividends; Etc.

     (a) So long as no Event of Default shall have occurred (unless such Event
of Default is waived in writing by the Pledgees):

     (i) Each Pledgor shall be entitled to exercise or refrain from exercising
any and all voting and other consensual rights pertaining to the Pledged
Collateral or any part thereof for any purpose not inconsistent with the terms
of this Agreement; provided, however, that such Pledgor shall not exercise or
refrain from exercising any such right if, in the reasonable judgment of such

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Pledgees, such action would have a material adverse effect on the Security
Interest or the rights and remedies of the Pledgees hereunder; provided,
further, that such Pledgor shall give the Pledgees at least ten (10) days' prior
written notice of the manner in which it intends to exercise, or the reasons for
refraining from exercising, any such right.

     (ii) Each Pledgor shall be entitled to receive and retain any and all cash
dividends and interest paid in respect of such Pledgor's Pledged Collateral.

     (b) Upon and after the occurrence of any Event of Default (unless such
Event of Default is waived in writing by the Pledgees):

     (i) All rights of each Pledgor to exercise or refrain from exercising the
voting and other consensual rights which it would otherwise be entitled to
exercise pursuant to Section 6(a)(i) and to receive the dividends and interest
payments which it would otherwise be authorized to receive and retain pursuant
to Section 6(a)(ii) shall cease, and all such rights shall thereupon become
vested in the Agent who shall thereupon have the sole right to exercise or
refrain from exercising such voting and other consensual rights and to receive
and hold as Pledged Collateral such dividends and interest payments.

     (ii) All dividends and interest payments which are received by the Pledgors
contrary to the provisions of paragraph (i) of this Section 6(b) shall be
received in trust for the benefit of the Pledgees, shall be segregated from
other funds of the applicable Pledgor and shall be forthwith paid over to the
Agent as Pledged Collateral in the same form as so received (with any necessary
endorsement).

     SECTION 7. Transfers and Other Liens; Additional Shares. During the term of
this Agreement, the Pledgor agrees that it shall not (i) sell, assign (by
operation of law or otherwise) or otherwise dispose of, or grant any option with
respect to, any of the Pledged Collateral, or (ii) create or permit to exist any
Lien upon or with respect to any of the Pledged Collateral, except for the
security interest granted pursuant to this Agreement.

     SECTION 8. Agent Appointed Attorney-in-Fact.

     (a) Effective only upon an Event of Default (unless such Event of Default
is waived in writing by the Pledgees), the Pledgors hereby appoints the Agent as
the Pledgors' attorney-in-fact, with full authority in the place and stead of,
and in the name of, the Pledgors or otherwise, from time to time in the Agent's
discretion to take any action and to execute any instrument which the Agent may
deem necessary or desirable to accomplish the purposes of this Agreement,
including, without limitation, to receive, endorse and collect all instruments
made payable to the Pledgors representing any dividend, interest payment or
other distribution in respect of the Pledged Collateral or any part thereof and
to give full discharge for the same.

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     (b) Each Pledgor, severally and not jointly, authorizes the Agent, and do
hereby make, constitute and appoint the Agent and its respective officers,
agents, successors or assigns with full power of substitution, as the Pledgors'
true and lawful attorney-in-fact, with power, in the name of the Pledgees or the
Pledgors, after the occurrence and during the continuance of an Event of
Default, (i) to endorse any checks, drafts, money orders or other instruments of
payment (including payments payable under or in respect of any policy of
insurance) in respect of the Pledged Collateral that may come into possession of
the Pledgees; (ii) to sign and endorse any financing statement pursuant to the
UCC or any invoice, freight or express bill, bill of lading, storage or
warehouse receipts, drafts against Pledgors, assignments, verifications and
notices in connection with accounts, and other documents relating to the Pledged
Collateral; (iii) to pay or discharge taxes, liens, security interests or other
encumbrances at any time levied or placed on or threatened against the Pledged
Collateral; (iv) to demand, collect, receipt for, compromise, settle and sue for
monies due in respect of the Pledged Collateral; (v) generally to do, at the
option of the Pledgees, and at the expense of the Pledgors, severally and
jointly, at any time, or from time to time, all acts and things which the
Pledgees deem necessary to protect, preserve and realize upon the Pledged
Collateral and the Security Interest granted herein in order to effect the
intent of this Agreement all as fully and effectually as the Pledgors might or
could do; and (vi) in the event of the bankruptcy of such Pledgor, to appoint a
receiver or equivalent person to marshall such Pledgor's assets, and such
Pledgor hereby ratifies all that said attorney-in-fact shall lawfully do or
cause to be done by virtue hereof. This power of attorney is coupled with an
interest and shall be irrevocable for the term of this Agreement and thereafter
as long as any of the Obligations shall be outstanding.

     (c) Each Pledgor hereby irrevocably appoints the Agent as such Pledgor's
attorney-in-fact, with full authority in the place and stead of such Pledgor and
in the name of such Pledgor, from time to time in the Agent's discretion, to
file in its sole discretion, of one or more financing or continuation statements
and amendments thereto, relative to any of the Collateral without the signature
of such Pledgor where permitted by law.

     SECTION 9. Pledgee May Perform. If any Pledgor fails to perform any
agreement contained herein, the Agent and/or Pledgees may itself perform, or
cause performance of, such agreement, and the expenses of the Agent and/or
Pledgees incurred in connection therewith shall be payable by such Pledgor under
Section 14 hereof.

     SECTION 10. The Agent's Duties. The duties and rights of the Agent are as
set forth on Annex A attached hereto and incorporated herein by reference. Any
fees of the Agent for its services hereunder shall be paid by the Company. The
powers conferred on the Agent hereunder are solely to protect the interests of
the Pledgees in the Pledged Collateral and shall not impose any duty upon the
Agent to exercise any such powers. Except for the safe custody of any Pledged
Collateral in its possession and the accounting for moneys actually received it
hereunder, neither the Agent nor Pledgees shall have any duty as to any Pledged
Collateral, as to ascertaining or taking action with respect to calls,
conversions, exchanges, maturities, tenders or other matters relative to any
Pledged Collateral, whether or not such party has or is to have knowledge of
such matters, or as to the taking of any necessary steps to preserve rights
against any parties or any other rights pertaining to any Pledged Collateral.
The Agent and Pledgees shall be deemed to have exercised reasonable care in the

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custody and preservation of any Pledged Collateral in its possession if such
Pledged Collateral is accorded treatment substantially equal to that which such
party accords its own property.

     SECTION 11. Event of Default. The occurrence of any of the following events
shall constitute an event of default under this Agreement (each, an "Event of
Default"):

     (a) The failure of any Pledgor to observe, perform or comply with any act,
duty, covenant, agreement or obligation under this Agreement, which is not cured
within ten business days following written notice by Agent to such Pledgor;

     (b) If any of the representation or warranty of any Pledgor set forth in
this Agreement shall be breached or shall be untrue or incorrect in any material
respect, and is not cured within ten business days following written notice by
Agent to such Pledgor;

     (c) The filing of any financing statement with regard to any of the Pledged
Collateral other than pursuant to this Agreement, or the attachment of any
additional Lien to any portion of the Pledged Collateral in favor of any Person
other than the Pledgees; or

     (d) If any event of default (and expiration of any cure period) shall occur
(unless such event of default is waived in writing by the Pledgees) under any of
the other Transaction Documents.

     SECTION 12. Cross-Default; Cross-Collateralization. The Pledgors
acknowledges and agrees that any default under the terms of this Agreement shall
constitute a default by the Company under the Debentures, and that any event of
default (following expiration of any applicable cure period) under the
Debentures shall constitute a default under this Agreement.

     SECTION 13. Remedies upon Event of Default. Upon and after the occurrence
of any Event of Default:

     (a) The Agent may exercise in respect of the Pledged Collateral, in
addition to other rights and remedies provided for herein or otherwise available
to the Agent (including, without limitation, the vesting in the Agent pursuant
to Section 6(b)(i) of the sole right to exercise voting rights pertaining to the
Pledged Collateral, including, without limitation, voting rights with respect to
the sale of assets of the issuer of such Pledged Shares), all the rights and
remedies of a secured party on default under the UCC, and may also, without
notice except as specified below and subject to the applicable securities laws,
sell the Pledged Collateral or any part thereof at public or private sale, at
any exchange, broker's board or at any of the Agent's offices or elsewhere, for
cash, on credit or for future delivery, and upon such other terms as the Agent
may deem commercially reasonable. Each Pledgor agrees that, to the extent notice
of sale shall be required by law, at least ten (10) days' notice to such Pledgor
of the time and place of any public sale or the time after which any private
sale is to be made shall constitute reasonable notification. The Agent shall not
be obligated to make any sale of Pledged Collateral regardless of notice of sale
having been given. The Agent may adjourn any public or private sale from time to

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time by announcement at the time and place fixed therefor, and such sale may,
without further notice, be made at the time and place to which it was so
adjourned. Each Pledgor acknowledges and agrees that the Pledged Collateral
consisting of the Pledged Shares, and/or any other shares of common stock of the
Company, is of a type customarily sold on a recognized market, and accordingly
that no notice of the sale thereof need be given. In addition, Agent may
transfer all of the Pledged Collateral to Pledgees, who may hold all of such
Pledged Collateral as payment in full of the Obligations.

     (b) Any cash held by the Agent or the Pledgees as Pledged Collateral and
all cash proceeds received by the Agent or the Pledgees in respect of any sale
of, collection from, or other realization upon all or any part of the Pledged
Collateral may, in the discretion of the Agent or the Pledgees, be held as
collateral for, and/or then or at any time thereafter be applied (after payment
of any amounts payable pursuant to Section 14) in whole or in part against, all
or any part of the Obligations. Any surplus of such cash or cash proceeds held
by the Agent or the Pledgees and remaining after payment in full of all the
Obligations shall be paid over to the Pledgors, pro-rata, or to whomsoever may
be lawfully entitled to receive such surplus.

     SECTION 14. Expenses. The Pledgors and the Company, severally and jointly,
shall upon demand pay to the Agent and/or the Pledgees the amount of any and all
reasonable expenses, including reasonable attorneys' fees and expenses and the
reasonable fees and expenses of any experts and agents, which the Agent and/or
Pledgees may incur in connection with (a) the administration of this Agreement,
(b) the custody or preservation of, or the sale of, collection from, or other
realization upon, any of the Pledged Collateral, (c) the exercise or enforcement
of any of the rights of the Agent and/or Pledgees hereunder or (d) the failure
by any Pledgor to perform or observe any of the provisions hereof.

     SECTION 15. Continuing Security Interest; Termination. This Agreement shall
create a continuing security interest in the Pledged Collateral and shall remain
in full force and effect until the indefeasible payment in full of the
Obligations. Upon the indefeasible payment in full of the Obligations, the
security interest granted hereby shall terminate and all rights to the Pledged
Collateral shall revert to the Pledgors. Upon any such termination, the Agent
shall, at such Pledgors' expense, return, pro-rata, to the Pledgors such of the
Pledged Collateral as shall not have been sold or otherwise applied pursuant to
the terms hereof and execute and deliver to such Pledgors such documents as such
Pledgors shall reasonably request to evidence such termination.

     SECTION 16. Governing Law; Terms. For the convenience of the Agent, this
Agreement shall be governed by, and construed in accordance with, the laws of
the State of New York, without regard to principles of conflict of laws. Each
Pledgor agrees to submit to the in personam jurisdiction of the state and
federal courts situated within the City of New York, State of New York with
regard to any controversy arising out of or relating to this Agreement. Unless
otherwise defined herein, terms defined in Article 9 of the UCC are used herein
as therein defined.

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     SECTION 17. Notice. All notices and other communications hereunder shall be
in writing and shall be deemed to have been received when delivered personally
(which shall include, without limitation, via express overnight courier) or if
mailed, three (3) business days after having been mailed by registered or
certified mail, return receipt requested, postage prepaid, to the addresses of
the parties as set forth herein.

     SECTION 18. Waivers.

     (a) Waivers. Each Pledgor waives any right to require the Pledgees to (i)
proceed against any person, (ii) proceed against any other collateral under any
other agreement, (iii) pursue any other remedy, or (iv) make presentment,
demand, dishonor, notice of dishonor, acceleration and/or notice of non-payment.

     (b) Waiver of Defense. No course of dealing between the Pledgors and the
Pledgees, nor any failure to exercise nor any delay in exercising on the part of
the Agent or Pledgees, any right, power, or privilege under this Agreement or
under any of the other Transaction Documents shall operate as a waiver. No
single or partial exercise of any right, power, or privilege under this
Agreement or under any of the other Transaction Documents shall preclude any
other or further exercise of such right, power, or privilege or the exercise of
any other right, power, or privilege.

     SECTION 19. Rights Are Cumulative. All rights and remedies of the Agent and
the Pledgees with respect to the Pledged Collateral, whether established by this
Agreement, the other Transaction Documents or by law, shall be cumulative and
may be exercised concurrently or in any order.

     SECTION 20. Indemnity. Each Pledgor, jointly and severally, agrees to
indemnify and hold harmless the Agent, the Pledgees and their respective heirs,
successors and assigns against and from all liabilities, losses and costs
(including, without limitation, reasonable attorneys' fees) arising out of or
relating to the taking or the failure to take action in respect of any
transaction effected under this Agreement or in connection with the lien
provided for herein, including, without limitation, any and all excise, sales or
other taxes which may be payable or determined to be payable with respect to any
of the Pledged Collateral, except to the extent resulting from their gross
negligence or intentional misconduct. The liabilities of the Pledgors under this
Section 20 shall survive the termination of this Agreement.

     SECTION 21. Severability. The provisions of this Agreement are severable.
If any provision of this Agreement is held invalid or unenforceable in whole or
in part in any jurisdiction, then such invalidity or unenforceability shall
affect only such provision, or part thereof, in such jurisdiction, and shall not
in any manner affect such provision or part thereof in any other jurisdiction,
or any other provision of this Agreement in any jurisdiction.

     SECTION 22. Counterparts. This Agreement may be executed in several
counterparts, each of which shall be considered an original, but all of which
together shall constitute one and the same instrument.

     SECTION 23. Amendments; Entire Agreement. This Agreement is subject to
modification only by a writing signed by the parties. To the extent any

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provision of this Agreement conflicts with any provision of the Debentures, the
provision giving Pledgees greater rights or remedies shall govern, it being
understood that the purpose of this Agreement is to add to, and not detract
from, the rights granted to Pledgees under the Debentures. This Agreement and
the other Transaction Documents constitute the entire agreement of the parties
with respect to the subject matter of this Agreement.

     SECTION 24. Successors and Assigns. This Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective heirs,
executors, legal representatives, successors and assigns; provided, however,
that no Pledgor may, without the prior written consent of the Pledgees, assign
or delegate any rights, powers, duties or obligations hereunder, and any such
purported assignment or delegation without such consent shall be null and void.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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     IN WITNESS WHEREOF, the parties hereto have duly executed and delivered
this Agreement as of the date first above written.

                    PLEDGORS:

                    /s/ Benny Powell
                    -----------------------------
                    Benny Powell

                    THE COMPANY:
                    RED GIANT ENTERTAINMENT, INC.

                    By: /s/ Benny Powell
                       --------------------------
                    Name:  Benny Powell
                    Title: CEO

                    AGENT:
                    WHC CAPITAL, LLC

                    By: /s/ Mark Graber
                       --------------------------
                    Name:  Mark Graber
                    Title: Member

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK
                      SIGNATURE PAGE FOR PLEDGEES FOLLOWS]

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         [PLEDGEE SIGNATURE PAGES TO CNSC PLEDGE AND SECURITY AGREEMENT]

Name of Pledgee: _________________________________

SIGNATURE OF AUTHORIZED SIGNATORY OF PLEDGEE: ____________________________

Name of Authorized Signatory: ________________________________

Title of Authorized Signatory: _______________________________

E-mail Address of Authorized Signatory: _______________________

                                       11Exhibit 4.6

THIS DEBENTURE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS DEBENTURE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY
STATE SECURITIES LAWS. THIS NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION
OF THIS NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE
ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS DEBENTURE UNDER SAID
ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL REASONABLY
SATISFACTORY TO RED GIANT ENTERTAINMENT, INC. THAT SUCH REGISTRATION IS NOT
REQUIRED.

                        12% SECURED CONVERTIBLE DEBENTURE

     FOR VALUE RECEIVED, RED GIANT ENTRTAINMENT, INC., a Nevada corporation (the
"BORROWER"), promises to pay to WHC CAPITAL, LLC (the "HOLDER") or its
registered assigns or successors in interest, the sum of One Hundred and Sixty
Six Thousand Dollars ($166,000.00), together with any accrued and unpaid
interest hereon, on August 01, 2014 (the "MATURITY DATE") if not sooner paid.

     Capitalized terms used herein without definition shall have the meanings
ascribed to such terms in that certain Purchase Agreement dated as of August 01,
2013, between Borrower and the Holder (as amended, modified or supplemented from
time to time, the "PURCHASE AGREEMENT").

The following terms shall apply to this Debenture:

                                    ARTICLE I
                             INTEREST & AMORTIZATION

     1.1. Contract Rate. Beginning on the issuance date of this Note, the
outstanding principal balance of this Note shall bear interest, in arrears, at a
rate per annum equal to Twelve percent (12%), payable on the Maturity Date.
Interest shall be computed on the basis of a 360-day year of twelve (12)
thirty-day months, shall compound monthly and shall accrue commencing on the
date of issuance.

     1.2. Payments. Payment of the aggregate principal amount outstanding under
this Debenture (the "PRINCIPAL AMOUNT"), together with all accrued interest
thereon shall be made on the Maturity Date. This note may not be prepaid without
the consent of the Holder.

                                   ARTICLE II
                              CONVERSION REPAYMENT

     2.1. Optional Conversion. Subject to the terms of this Article II, the
Holder shall have the right, but not the obligation, at any time until the
Maturity Date, or thereafter during an Event of Default and to convert all or
any portion of the outstanding Principal Amount and/or accrued interest and fees
<PAGE>
due and payable into fully paid and nonassessable shares of the Common Stock at
the Conversion Price. The shares of Common Stock to be issued upon such
conversion are herein referred to as the "CONVERSION SHARES." The "CONVERSION
PRICE" shall be equal to sixty percent (60%) of the lowest intra-day prices
during the ten (10) trading days prior to date of such conversion, subject to
Section 4.3 of this Debenture.

     2.2. Conversion Limitation. Notwithstanding anything contained herein to
the contrary, the Holder shall not be entitled to convert pursuant to the terms
of this Debenture an amount that would be convertible into that number of
Conversion Shares which would exceed the difference between the number of shares
of Common Stock beneficially owned by such Holder and 9.99% of the outstanding
shares of Common Stock of Borrower, provided, however, that upon the Holder
providing the Borrower with sixty-one (61) days' advance notice that the Holder
would like to waive this Section 3.4(a) with regard to any or all shares of
Common Stock issuable upon conversion of this Note, this Section 2.2 will be of
no force or effect with regard to all or a portion of the Note referenced in the
9.99% Waiver Notice. For the purposes of the immediately preceding sentence,
beneficial ownership shall be determined in accordance with Section 13(d) of the
Exchange Act and Regulation 13d-3 thereunder.

     2.3. Mechanics of Holder's Conversion. Subject to Section 2.2, this
Debenture will be converted by the Holder in part from time to time after the
Issue Date, by submitting to the Borrower a Notice of Conversion (by facsimile
or other reasonable means of communication dispatched on the Conversion Date
prior to 6:00 p.m., New York, New York time). On each Conversion Date (as
hereinafter defined) and in accordance with its Notice of Conversion, the Holder
shall make the appropriate reduction to the Principal Amount, accrued interest
and fees as entered in its records and shall provide written notice thereof to
the Borrower on the Conversion Date. Each date on which a Notice of Conversion
is delivered or telecopied to Borrower in accordance with the provisions hereof
shall be deemed a Conversion Date (the "CONVERSION DATE"). A form of Notice of
Conversion to be employed by the Holder is annexed hereto as Exhibit A. Pursuant
to the terms of the Notice of Conversion and within three business days after
receipt by Borrower of the Notice of Conversion (the "DELIVERY DATE"), Borrower
will issue instructions to the transfer agent accompanied by an opinion of
counsel to Borrower of the Notice of Conversion and shall cause the transfer
agent to transmit the certificates representing the Conversion Shares to the
Holder by physical delivery or crediting the account of the Holder's designated
broker with the Depository Trust Corporation ("DTC") through its Deposit
Withdrawal Agent Commission ("DWAC") system. In the case of the exercise of the
conversion rights set forth herein the conversion privilege shall be deemed to
have been exercised and the Conversion Shares issuable upon such conversion
shall be deemed to have been issued upon the date of receipt by Borrower of the
Notice of Conversion. The Holder shall be treated for all purposes as the record
holder of such Common Stock, unless the Holder provides Borrower written
instructions to the contrary.

                                       2
<PAGE>
     2.4. Late Payments. The Borrower understands that a delay in the delivery
of the shares of Common Stock in the form required pursuant to this Article
beyond the Delivery Date could result in economic loss to the Holder. As
compensation to the Holder for such loss, the Borrower agrees to pay late
payments to the Holder for late issuance of such shares in the form required
pursuant to this Article II upon conversion of the Debenture, in the amount
equal to 15% of the dollar amount of the Conversion Notice per business day
after the Delivery Date. The Borrower shall pay any payments incurred under this
Section by addition of such dollar amount to this Debenture upon demand.

     2.5. Conversion Mechanics.

     (a) The number of shares of Common Stock to be issued upon each conversion
of this Debenture shall be determined by dividing that portion of the Principal
Amount and interest and fees to be converted, if any, by the then applicable
Conversion Price.

     (b) The Conversion Price and number and kind of shares or other securities
to be issued upon conversion shall be subject to adjustment from time to time
upon the happening of certain events while this conversion right remains
outstanding, as follows:

     A. Reclassification, etc. If Borrower at any time shall, by
reclassification or otherwise, change the Common Stock into the same or a
different number of securities of any class or classes, this Debenture, as to
the unpaid Principal Amount and accrued interest thereon, shall thereafter be
deemed to evidence the right to purchase an adjusted number of such securities
and kind of securities as would have been issuable as the result of such change
with respect to the Common Stock (i) immediately prior to or (ii) immediately
after such reclassification or other change at the sole election of the Holder.

     2.6. Authorized Shares. The Borrower covenants that during the period the
conversion right exists, the Borrower will reserve from its authorized and
unissued Common Stock a sufficient number of shares, free from preemptive
rights, to provide for the issuance of Common Stock upon the full conversion of
this Debenture. The Borrower is required at all times to have authorized and
reserved such number of shares that is actually issuable upon full conversion of
the Debenture (based on the Conversion Price in effect from time to time) (the
"RESERVED AMOUNT"). The Borrower represents that upon issuance, such shares will
be duly and validly issued, fully paid and non-assessable. In addition, if the
Borrower shall issue any securities or make any change to its capital structure
which would change the number of shares of Common Stock into which the Debenture
shall be convertible at the then current Conversion Price, the Borrower shall at
the same time make proper provision so that thereafter there shall be a
sufficient number of shares of Common Stock authorized and reserved, free from
preemptive rights, for conversion of the outstanding Debenture. The Borrower
agrees that its issuance of this Debenture shall constitute full authority to
its officers and agents who are charged with the duty of executing stock
certificates to execute and issue the necessary certificates for shares of
Common Stock in accordance with the terms and conditions of this Debenture.

                                       3
<PAGE>
     If, at any time Holder submits a Notice of Conversion, and the Borrower
does not have sufficient authorized but unissued shares of Common Stock
available to effect such conversion in accordance with the provisions of this
Article II (a "CONVERSION DEFAULT"), subject to Section 2.2, the Borrower shall
issue to the Holder all of the shares of Common Stock which are then available
to effect such conversion. The portion of this Debenture which the Holder
included in its Conversion Notice and which exceeds the amount which is then
convertible into available shares of Common Stock shall, notwithstanding
anything to the contrary contained herein, not be convertible into Common Stock
in accordance with the terms hereof until (and at the Holder's option at any
time after) the date additional shares of Common Stock are authorized by the
Borrower to permit such conversion. In addition, the Borrower shall pay to the
Holder 1% of the dollar amount of the inconvertible amount of the Debenture (a
"CONVERSION DEFAULT PAYMENT") per business day by addition of such dollar amount
to this Debenture to the date (the "AUTHORIZATION DATE") that the Borrower
authorizes a sufficient number of shares of Common Stock to effect conversion of
the full outstanding Principal Amount of this Debenture. The Borrower shall use
its best efforts to authorize a sufficient number of shares of Common Stock as
soon as practicable following the earlier of (i) such time that the Holder
notifies the Borrower or that the Borrower otherwise becomes aware that there
are or likely will be insufficient authorized and unissued shares to allow full
conversion thereof and (ii) a Conversion Default. The Borrower shall send notice
to the Holder of the authorization of additional shares of Common Stock and the
Authorization Date along with the Holder's Conversion Default Payments in
immediately available funds.

     Nothing herein shall limit the Holder's right to pursue actual damages (to
the extent in excess of the Conversion Default Payments) for the Borrower's
failure to maintain a sufficient number of authorized shares of Common Stock,
and Holder shall have the right to pursue all remedies available at law or in
equity (including degree of specific performance and/or injunctive relief).

     2.7. Favored Nations Provision. With the exception of the shares the
Company is obligated to issue to previous investors prior to this offering and
except for an "Excepted Issuance"), for as long as the Debenture is outstanding,
the Conversion Price of the Debenture shall be subject to adjustment for
issuances of Common Stock or securities convertible into common stock or
exercisable for shares of common stock at a purchase price of less than the
then-effective Conversion Price, on any unconverted amounts, such that the then
applicable Conversion Price shall be adjusted using full-ratchet anti-dilution
on such new issuances subject, to customary carve outs, including restricted
shares granted to officers, directors and consultants pursuant to a shareholder
approved stock incentive/option plan.

     2.8. Issuance of New Debenture. Upon any partial conversion of this
Debenture, a new Debenture containing the same date and provisions of this
Debenture shall, at the request of the Holder, be issued by the Borrower to the
Holder for the principal balance of this Debenture and interest which shall not
have been converted or paid. Subject to the provisions of Article III, the
Borrower will pay no costs, fees or any other consideration to the Holder for
the production and issuance of a new Debenture.

                                       4
<PAGE>
                                   ARTICLE III
                                EVENTS OF DEFAULT

     The occurrence of any of the following events set forth in Sections 3.1
through 3.9, inclusive, shall be an "EVENT OF DEFAULT":

     3.1. Failure to Pay Principal, Interest or Other Fees. Borrower fails to
pay principal, interest or other fees hereon and such failure shall continue for
a period of five (5) days following the date upon which any such payment was
due.

     3.2. Breach of Covenant. Borrower breaches any covenant or other term or
condition of this Debenture in any material respect and such breach, if subject
to cure, continues for a period of five (5) days after the occurrence thereof.

     3.3. Breach of Representations and Warranties. Any representation or
warranty of Borrower made herein or the Purchase Agreement shall be false or
misleading in any material respect.

     3.4. Stop Trade. An SEC stop trade order or Principal Market trading
suspension of the Common Stock shall be in effect for five (5) consecutive
trading days or five (5) trading days during a period of 10 consecutive days,
excluding in all cases a suspension of all trading on a Principal Market,
provided that Borrower shall not have been able to cure such trading suspension
within 30 days of the notice thereof or list the Common Stock on another
Principal Market within 60 days of such notice. The "Principal Market" for the
Common Stock shall include the OTC Markets, and OTC Bulletin Board (whichever of
the foregoing is at the time the principal trading exchange or market for the
Common Stock), or any securities exchange or other securities market on which
the Common Stock is then being listed or traded.

     3.5. Receiver or Trustee. The Borrower or any of its Subsidiaries shall
make an assignment for the benefit of creditors, or apply for or consent to the
appointment of a receiver or trustee for it or for a substantial part of its
property or business; or such a receiver or trustee shall otherwise be
appointed.

     3.6. Judgments. Any money judgment, writ or similar final process shall be
entered or filed against the Borrower or any of its Subsidiaries or any of their
respective property or other assets for more than $500,000 in the aggregate for
Borrower, and shall remain unvacated, unbonded or unstayed for a period of
thirty (30) days.

     3.7. Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation
proceedings or other proceedings or relief under any bankruptcy law or any law
for the relief of debtors shall be instituted by or against the Borrower or any
of its Subsidiaries.

                                       5
<PAGE>
     3.8. Default Under Other Agreements. The occurrence of an Event of Default
under and as defined in the Purchase Agreement or any event of default (or
similar term) under any other agreement evidencing indebtedness of at least
$500,000.

     3.9. Failure to Deliver Common Stock or Replacement Debenture. Borrower's
failure to timely deliver Common Stock to the Holder pursuant to and in the form
required by this Debenture and the Purchase Agreement, if such failure to timely
deliver Common Stock shall not be cured within five (5) days. If Borrower is
required to issue a replacement Debenture to Holder and Borrower shall fail to
deliver such replacement Debenture within seven (7) Business Days.

     3.10 Failure to Have a Registration Statement Declared Effective. Borrower
s failure to have a registration statement covering the shares underlying this
Debenture declared effective by the Securities and Exchange Commission within
130 days from the date on this Debenture ("Registration Default").

                           DEFAULT RELATED PROVISIONS

     3.10. Default Interest Rate. Following the occurrence and during the
continuance of an Event of Default, interest on this Debenture shall
automatically be instated at a rate of 22% per annum, effective as of the date
of Issuance of this Debenture, which interest shall be payable in cash or Common
Stock, at the option of the Borrower.

     3.11. Conversion Privileges. The conversion privileges set forth in Article
II shall remain in full force and effect immediately from the date hereof and
until this Debenture is paid in full. For the avoidance of doubt, the conversion
privileges shall cease or shall be reduced by the proceeds actually realized
upon the foreclosure of the Pledged Shares pursuant to the Pledge Agreement.

     3.12 Registration Default. Upon a Registration Default, and at the option
of the Holder, the principal balance on this Debenture shall increase to 140% of
the outstanding principal.

     3.13 Cumulative Remedies. The remedies under this Debenture shall be
cumulative.

                                       6
<PAGE>
                                  MISCELLANEOUS

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

     3.13. Notices. Any notice herein required or permitted to be given shall be
in writing and provided in accordance with the terms of the Purchase Agreement.

     3.14. Amendment Provision. The term "DEBENTURE" and all reference thereto,
as used throughout this instrument, shall mean this instrument as originally
executed, or if later amended or supplemented, then as so amended or
supplemented, and any successor instrument as it may be amended or supplemented.

     3.15. Assignability. This Debenture shall be binding upon the Borrower and
its successors and assigns, and shall inure to the benefit of the Holder and its
successors and assigns, and may not be assigned by the Holder without the prior
written consent of the Borrower, which consent may not be unreasonably withheld.

     3.16. Cost of Collection. If default is made in the payment of this
Debenture, each Borrower shall jointly and severally pay the Holder hereof
reasonable costs of collection, including reasonable attorneys' fees.

     3.17. Governing Law; Consent to Jurisdiction; Waiver of Jury Trial. This
Debenture shall be governed by, and construed in accordance with, the internal
laws of the State of New York, without regard to principles of conflicts of law.
HOLDER AND BORROWER WAIVE ANY RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF
ACTION BASED UPON OR ARISING OUT OF THIS DEBENTURE OR ANY TRANSACTION
CONTEMPLATED HEREIN, INCLUDING CLAIMS BASED ON CONTRACT, TORT, BREACH OF DUTY
AND ALL OTHER COMMON LAW OR STATUTORY BASES. Each party hereby submits to the
exclusive jurisdiction of the state and federal courts located in the County of
New York, State of New York. If the jury waiver set forth in this Section is not
enforceable, then any dispute, controversy or claim arising out of or relating
to this Debenture or any of the transactions contemplated herein will be finally
settled by binding arbitration in New York, New York in accordance with the then
current Commercial Arbitration Rules of the American Arbitration Association by
one arbitrator appointed in accordance with said rules. The arbitrator shall
apply New York law to the resolution of any dispute, without reference to rules
of conflicts of law or rules of statutory arbitration. Judgment on the award
rendered by the arbitrator may be entered in any court having jurisdiction
thereof. Notwithstanding the foregoing, the parties may apply to any court of
competent jurisdiction for preliminary or interim equitable relief, or to compel
arbitration in accordance with this paragraph. The expenses of the arbitration,
including the arbitrator's fees and expert witness fees, incurred by the parties

                                       7
<PAGE>
to the arbitration, may be awarded to the prevailing party, in the discretion of
the arbitrator, or may be apportioned between the parties in any manner deemed
appropriate by the arbitrator. Unless and until the arbitrator decides that one
party is to pay for all (or a share) of such expenses, both parties shall share
equally in the payment of the arbitrator's fees as and when billed by the
arbitrator.

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

     3.19. Construction. Each party acknowledges that its legal counsel
participated in the preparation of this Debenture and, therefore, stipulates
that the rule of construction that ambiguities are to be resolved against the
drafting party shall not be applied in the interpretation of this Debenture to
favor any party against the other.

                            [SIGNATURE PAGE FOLLOWS]

                                       8
<PAGE>
IN WITNESS WHEREOF, Borrower has caused this 12% Secured Convertible Debenture
to be signed in its name effective as of this 1st day of August 2013.

                                     RED GIANT ENTERTAINMENT, INC.

                                     By: /s/ Benny R. Powell
                                        -----------------------------------
                                     Name:  Benny R. Powell
                                     Title: CEO

                                       9
<PAGE>
                                    EXHIBIT A

                              NOTICE OF CONVERSION

(To be executed by the Holder in order to convert all or part of the Debenture
into Common Stock)

[Name and Address of Holder]

The undersigned hereby converts $_________ of the principal due on August __,
2014 under the Convertible Debenture issued by Red Giant Entertainment, Inc.
("Borrower") dated as of August __, 2013 by delivery of shares of Common Stock
of Borrower on and subject to the conditions set forth in Article II of such
Debenture.

1.       Date of Conversion             _______________________

2.       Shares To Be Delivered:        _______________________

                                 By:_______________________________
                                 Name:_____________________________
                                 Title:____________________________

                                       10

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