Document:

SECURED
        PROMISSORY NOTE

      

      
        
          	
                  $500,000.00

                	
                  Somers,
                    New York

                
	 	
                  September
                    28, 2005

                

        

      

       

      FOR
        VALUE
        RECEIVED, Kraft Rt., a Hungarian corporation (the “Maker”),
        hereby promises to pay American United Global, Inc., a Delaware corporation
        (the
“Payee”),
        the
        principal sum of Five Hundred Thousand Dollars ($500,000), in such coin or
        currency of the United States of America as at the time of payment shall
        be
        legal tender for the payment of public and private debts, by December 28,
        2005
        (the “Maturity
        Date”).
        Maker
        further promises to pay on the Maturity Date interest on the unpaid principal
        balance hereof at the rate of ten percent (10%) per annum. Interest shall
        be
        calculated on the basis of a 360 day year and actual days elapsed. In no
        event
        shall the interest charged hereunder exceed the maximum permitted under the
        laws
        of the State of New York.

      

      This
        Note
        can be prepaid in whole or in part at any time without the consent of the
        Payee.

      

      This
        Note
        is, as of the date hereof, secured by a security interest granted to Payee
        pursuant to a Security Interest and Pledge Agreement (the “Security
        Agreement”)delivered
        by Zoltan Kiss to Payee. The Maker acknowledges and agrees that should a
        proceeding under any bankruptcy or insolvency law be commenced by or against
        the
        Maker, or if any of the Collateral (as defined in the Security Agreement)
        should
        become the subject of any bankruptcy or insolvency proceeding, then the Payee
        should be entitled to, among other relief to which the Payee may be entitled
        under the Note or Security Agreement and any other agreement to which the
        Maker
        and Payee are parties, (collectively “Loan
        Documents”)
        and/or
        applicable law, an order from the court granting immediate relief from the
        automatic stay pursuant to 11 U.S.C. Section 362 to permit the Payee to exercise
        all of its rights and remedies pursuant to the Loan Documents and/or applicable
        law. THE MAKER EXPRESSLY WAIVES THE BENEFIT OF THE AUTOMATIC STAY IMPOSED
        BY 11
        U.S.C. SECTION 362. FURTHERMORE, THE MAKER EXPRESSLY ACKNOWLEDGES AND AGREES
        THAT NEITHER 11 U.S.C. SECTION 362 NOR ANY OTHER SECTION OF THE BANKRUPTCY
        CODE
        OR OTHER STATUTE OR RULE (INCLUDING, WITHOUT LIMITATION, 11 U.S.C. SECTION
        105)
        SHALL STAY, INTERDICT, CONDITION, REDUCE OR INHIBIT IN ANY WAY THE ABILITY
        OF
        THE PAYEE TO ENFORCE ANY OF ITS RIGHTS AND REMEDIES UNDER THE LOAN DOCUMENTS
        AND/OR APPLICABLE LAW. The Maker hereby consents to any motion for relief
        from
        stay which may be filed by the Payee in any bankruptcy or insolvency proceeding
        initiated by or against the Maker and, further, agrees not to file any
        opposition to any motion for relief from stay filed by the Payee. The Maker
        represents, acknowledges and agrees that this provision is a specific and
        material aspect of the Loan Documents, and that the Payee would not agree
        to the
        terms of the Loan Documents if this waiver were not a part of this Note.
        The
        Maker further represents, acknowledges and agrees that this waiver is knowingly,
        intelligently and voluntarily made, that neither the Payee nor any person
        acting
        on behalf of the Payee has made any representations to induce this waiver,
        that
        the Maker has been represented (or has had the opportunity to be represented)
        in
        the signing of this Note and the Loan Documents and in the making of this
        waiver
        by independent legal counsel selected by the Maker and that the Maker has
        had
        the opportunity to discuss this waiver with counsel. The Maker further agrees
        that any bankruptcy or insolvency proceeding initiated by the Maker will
        only be
        brought in courts within the geographic boundaries of New York
        State.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Upon
        the
        occurrence of any of the following events (each, an “Event
        of Default”
        and
        collectively, the “Events
        of Default”):

      

      (a) failure
        by Maker to pay the principal or interest of the Note or any installment
        thereof
        when due, whether on the date fixed for payment or by acceleration or otherwise;
        or

      

      (b) a
        final
        judgment for the payment of money in excess of $50,000 shall be rendered
        against
        Maker, and such judgment shall remain undischarged for a period of sixty
        days
        from the date of entry thereof unless within such sixty day period such judgment
        shall be stayed, and appeal taken therefrom and the execution thereon stayed
        during such appeal; or 

      

      (c) if
        Maker
        shall default in respect of any evidence of indebtedness or under any agreement
        under which any notes or other evidence of indebtedness of Maker are issued,
        if
        the effect thereof is to cause, or permit the holder or holders thereof to
        cause, such obligation or obligations in an amount in excess of $50,000 in
        the
        aggregate to become due prior to its or their stated maturity or to permit
        the
        acceleration thereof; or

      

      (d) if
        Maker
        or any other authorized person or entity shall take any action to effect
        a
        dissolution, liquidation or winding up of Maker resulting from an obligation
        or
        obligations in an amount in excess of $50,000; or

      

      (e) if
        Maker
        shall make a general assignment for the benefit of creditors or consent to
        the
        appointment of a receiver, liquidator, custodian, or similar official of
        all or
        substantially all of its properties, or any such official is placed in control
        of such properties, or Maker admits in writing its inability to pay its debts
        as
        they mature, or Maker shall commence any action or proceeding or take advantage
        of or file under any federal or state insolvency statute, including, without
        limitation, the United States Bankruptcy Code or any political subdivision
        thereof, seeking to have an order for relief entered with respect to it or
        seeking adjudication as a bankrupt or insolvent, or seeking reorganization,
        arrangement, adjustment, liquidation, dissolution, administration, a voluntary
        arrangement, or other relief with respect to it or its debts; or

      

      (f) there
        shall be commenced against Maker any action or proceeding of the nature referred
        to in paragraph (e) above or seeking issuance of a warrant of attachment,
        execution, distraint, or similar process against all or any substantial part
        of
        the property of Maker, which results in the entry of an order for relief
        which
        remains undismissed, undischarged or unbonded for a period of sixty days;
        or
        then, in addition to all rights and remedies of Payee under applicable law
        or
        otherwise, all such rights and remedies being cumulative, not exclusive and
        enforceable alternatively, successively and concurrently, at its option,
        Payee
        may declare all amounts owing under this Note, to be due and payable, whereupon
        the then unpaid balance hereof together with all interest accrued thereon,
        shall
        forthwith become due and payable, together with interest accruing thereafter
        at
        a rate equal to fifteen percent (15%) per annum until the indebtedness evidenced
        by this Note is paid in full, plus all costs and expenses of collection or
        enforcement hereof, including, but not limited to, attorneys' fees and
        expenses.

      

      Maker
        (i)
        waives diligence, demand, presentment, protest and notice of any kind, (ii)
        agrees that it will not be necessary for any holder hereof to first institute
        suit in order to enforce payment of this Note and (iii) consents to any one
        or
        more extensions or postponements of time of payment, release, surrender or
        substitution of collateral security or forbearance or other indulgence, without
        notice or consent. The pleading of any statute of limitations as a defense
        to
        any demand against Maker is expressly hereby waived. 

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      This
        Note
        may not be changed, modified or terminated orally, but only by an agreement
        in
        writing, signed by the party to be charged. The Maker hereby authorizes the
        Payee to complete this Note and any particulars relating thereto according
        to
        the terms of the indebtedness evidenced hereby.

      

      This
        Note
        shall be governed by and construed in accordance with the laws of the State
        of
        New York and shall be binding upon the successors, assigns, heirs,
        administrators and executors of the Maker and inure to the benefit of the
        Payee,
        his successors, endorsees, assigns, heirs, administrators and executors.
        The
        Maker hereby irrevocably consents to the jurisdiction of the Supreme Court
        of
        the State of New York and the United States District Court for the Southern
        District of New York in connection with any action or proceeding arising
        out of
        or relating to this Note. If any term or provision of this Note shall be
        held
        invalid, illegal or unenforceable, the validity of all other terms and
        provisions hereof shall in no way be affected thereby.

       

      
        
          	 	 	 
	 	KRAFT
                  RT.
	 
 	 
 	 
 
	Date: 	By:  	/s/ 
	 	
                  
                    

                  

                  Zoltan Kiss

                
	 	
                  Director

                

        

      
        
          
          

        

        
          3SECURITY
        INTEREST AND PLEDGE AGREEMENT

      

      SECURITY
        INTEREST AND PLEDGE AGREEMENT (“Pledge
        Agreement”),
        dated
        as of September 28, 2005, by and among American United Global, Inc., a Delaware
        corporation (the “Secured
        Party”),
        Kraft
        Rt., a Hungarian corporation (the “Company”
        or the
“Debtor”),
        and
        Zoltan Kiss (the “Pledgor”).

      

      RECITALS

       

      A. Reference
        is made to that certain Promissory Note of even date herewith (the “Note”
        or
“Bridge
        Loan Agreement”)
        to
        which the Company and the Secured Party are parties. Capitalized terms not
        otherwise defined herein shall have the meanings ascribed to them in the
        Bridge
        Loan Agreement.

       

      B. Pursuant
        to the Bridge Loan Agreement, the Debtor has certain obligations to the Secured
        Party (the “Obligations”),
        including, but not limited to, obligations to pay principal and interest
        of the
        Note on the Maturity Date. The obligations of the Company under the Note
        are
        referred to as the “Note
        Obligations”.

      

      C. To
        secure
        the Note Obligations, the Pledgor has agreed to pledge certain ordinary shares
        of the Company held by the Pledgor to the Secured Party as security for the
        performance of the Note Obligations.

      

      D. The
        Pledgor is a principal shareholder of the Debtor and has determined that
        it is
        in the Pledgor’s best interests to provide the pledge referred to
        herein.

      

      E. The
        Secured Party is willing to enter into the Bridge Loan Agreement only upon
        receiving Pledgor’s pledge of certain stock of the Company, as set forth in this
        Pledge Agreement.

      

      NOW,
        THEREFORE, in consideration of the premises, the mutual covenants and conditions
        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:

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      1. Grant
        of Security Interest.

      

      (a) To
        secure
        the Note Obligations of Debtor, the Pledgor hereby pledges to the Secured
        Party
        all of the registered ordinary shares set forth on the attached Schedule
        1
        of this
        Agreement (the “Pledged
        Shares”).
        Unless otherwise set forth on Schedule
        1
        of this
        Agreement, the Pledgor is the beneficial and record owner of the Pledged
        Shares
        set forth opposite such Pledgor’s name on such Schedule. Such Pledged Shares
        shall include, but not be limited to, all the Pledgor’s right, title and
        interest in and to the Pledged Shares, together with the proceeds of any
        sale,
        exchange, liquidation or other disposition, whether voluntary or involuntary,
        and including but not limited to any securities, instruments, and all benefits
        and entitlements evidenced by or arising out of the Pledged Shares and all
        other
        securities, instruments and other property (whether real or personal, tangible
        or intangible) issued or accepted in substitution for, or in addition to,
        the
        foregoing, and all dividends, interest, cash, instruments, distributions,
        income, securities and any other property (whether real or personal, tangible
        or
        intangible) at any time received, receivable or otherwise distributed in
        respect
        of, or in exchange for, the foregoing, whether now owned or hereafter acquired,
        and any and all improvements, additions, replacements, substitutions and
        any and
        all proceeds arising out of or derived from the foregoing. Such
        Pledged Shares, together with any substitutes therefor, or proceeds thereof,
        are
        hereinafter referred to collectively as the “Collateral”.
        

      

      (b) The
        Company represents and warrants to the Secured Party that the Pledged Shares
        are
        duly authorized, validly issued, fully paid and non-assessable and that it
        will
        not permit the transfer of the Pledged Shares except in accordance with this
        Pledge Agreement while the same is in effect.

      

      (c)     (i) The
        Company will record on its books the existence of such security interest
        with
        respect to the Pledged Shares, and except upon such instructions of the Secured
        Party or until written notice is given by the Secured Party that such security
        interest has been released to the Pledgor in whole or in part, to not allow
        a
        transfer of the shares representing any part of the Collateral or to replace
        the
        certificates representing the Collateral.

      

        
        (ii) The
        Pledgor hereby consents to the provisions of the preceding subparagraph
        (i).

      

      2. Obligations
        Secured.
        During
        the term hereof, the Collateral shall secure the performance by the Company
        of
        the Note Obligations.

       

      3. Intentionally
        Left Blank.
        

       

        
4. Assignment.
        Only in
        connection with the transfer of the rights under the Note in accordance with
        their terms, a Secured Party may assign or transfer the whole or any part
        of its
        security interest granted hereunder, and may transfer as collateral security
        the
        whole or any part of Secured Party's security interest in the Collateral.
        Any
        transferee of the Collateral shall be vested with all of the rights and powers
        of the assigning Secured Party hereunder with respect to the
        Collateral.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

        5. Pledgor’s
        Warranty.
        The
        Pledgor represents and warrants hereby to the Secured Party as follows with
        respect to the Pledged Shares set forth opposite such Pledgor’s name on
Schedule
        1
        to this
        Agreement: 

       

      A. With
        respect to title to the Pledge Shares

      

      (i) upon
        the
        occurrence of an Event of Default, the Pledgor, as contemplated herein, shall
        have the Pledged Shares transferred to the Secured Party so that the Secured
        Party will have good title (both record and beneficial) to the Pledged
        Shares;

      

      (ii) that
        there are no restrictions upon transfer and pledge of the Pledged Shares
        pursuant to the provisions of this Agreement except the restrictions imposed
        by
        Rule 144 under the Securities Act of 1933;

      

      (iii) that
        the
        Pledged Shares are free and clear of any encumbrances of every nature
        whatsoever, such Pledgor is the sole owner of the Pledged Shares, and such
        shares are duly authorized, validly issued, fully paid and
        non-assessable,

      

      (iv) that
        such
        Pledgor has owned the Pledged Shares since the date specified on Schedule
        1
        to this
        Agreement and that such shares were fully paid for as of such specified
        date,

      

      (v) that
        such
        Pledgor agrees not to grant or create, any security interest, claim, lien,
        pledge or other encumbrance with respect to such Pledgor’s Pledged Shares or
        attempt to sell, transfer or otherwise dispose of any of such shares until
        the
        Note has been paid in full or this Agreement has terminated; and

      

      B. With
        respect to certain other matters:

      

      (i) that
        such
        Pledgor has made necessary inquiries of the Company and believes that the
        Company fully intends to fulfill and has the capability of fulfilling the
        Note
        Obligations to be performed by the Company in accordance with the terms of
        the
        Note,

      

      (ii) that
        the
        Pledgor is not acting, and has not agreed to act, in any plan to sell or
        dispose
        of the Pledged Shares in a manner intended to circumvent the registration
        requirements of the Securities Act of 1933, as amended, or any applicable
        state
        law,

      

      (iii) that
        Pledgor has been advised by counsel of the elements of a bona-fide pledge
        for
        purposes of Rule 144(d)(3)(iv) under the Securities Act of 1933, as amended,
        including the relevant SEC interpretations and affirms the pledge of shares
        by
        such Pledgor pursuant to this Pledge Agreement will constitute a bona-fide
        pledge of such shares for purposes of such Rule, and

      

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      (iv) that
        this
        Pledge Agreement constitutes a legal, valid and binding obligation of such
        Pledgor enforceable in accordance with its terms (except as the enforcement
        thereof may be limited by bankruptcy, insolvency, fraudulent conveyance,
        reorganization, moratorium, and similar laws, now or hereafter in
        effect).

      

      6. Collection
        of Dividends and Interest.
        During
        the term of this Pledge Agreement and so long as the Debtor is not default
        under
        the Note and the Pledgor is not in default under the Guarantee, Pledgor is
        authorized to collect all dividends, distributions, interest payments, and
        other
        amounts that may be, or may become, due on the Collateral.

      

      7. Voting
        Rights.
        During
        the term of this Pledge Agreement and until such time as this Pledge Agreement
        has terminated or Secured Party has exercised its rights under this Pledge
        Agreement to foreclose its security interest in the Collateral, Pledgor shall
        have the right to exercise any voting rights evidenced by, or relating to,
        the
        Collateral.

      

      8. Warrants
        and Options.
        In the
        event that, during the term of this Pledge Agreement, subscription, warrants,
        dividends, or any other rights or option shall be issued in connection with
        the
        Collateral, such warrants, dividends, rights and options shall be immediately
        delivered to Secured Party to be held under the terms hereof in the same
        manner
        as the Collateral.

      

      9. Preservation
        of the Value of the Collateral and Reimbursement of Secured
        Party.
        Pledgor
        shall pay all taxes, charges, and assessments against the Collateral and
        do all
        acts necessary to preserve and maintain the value thereof. On failure of
        Pledgor
        so to do, Secured Party may make such payments on account thereof as (in
        Secured
        Party's discretion) is deemed desirable, and Pledgor shall reimburse Secured
        Party immediately on demand for any and all such payments expended by Secured
        Party in enforcing, collecting, and exercising its remedies
        hereunder.

      

      10. Default
        and Remedies.
        

      

      (a) For
        purposes of this Agreement, “Event of Default” shall mean 

      

      (i) any
        default in the performance by the Company or the Pledgor of any of the Note
        Obligations, as the case may be, after the expiration, without cure, of the
        cure
        period (but only if any such period is specifically provided in the Note;
        it
        being specifically acknowledged by the Company and the Pledgor that all payment
        obligations are time of the essence obligations, with no cure periods provided)
        and

      

      (ii) a
        breach
        by a Pledgor of any of such Pledgor’s representations, warranties, covenants or
        agreements in this Pledge Agreement.

      

      (b) During
        the term of this Pledge Agreement, the Secured Party shall have the following
        rights after any Event of Default and for so long as the Note is not satisfied
        in full:

      

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      (i)
        the
        rights and remedies provided by the Uniform Commercial Code as adopted by
        the
        State of New York (as said law may at any time be amended), except that the
        Secured Party waives any right to a deficiency pursuant to Section 9-608
        thereof
        or otherwise;

      

      (ii)
        the
        right to receive and retain all dividends, payments and other distributions
        of
        any kind upon any or all of the Pledged Shares as additional
        Collateral;

      

      (iii)
        the
        right to cause any or all of the Pledged Shares and all additional Collateral
        to
        be transferred to its own name and have such transfer recorded in any place
        or
        places deemed appropriate by Secured Party; and

      

      (iv)
        the
        right to sell, at a public or private sale, the Collateral or any part thereof
        for cash, upon credit or for future delivery, and at such price or prices
        in
        accordance with the Uniform Commercial Code (as such law may be amended from
        time to time); it being understood that one or more of the Secured Parties
        may,
        but shall not be required to, take such actions jointly. Upon any such sale,
        Secured Party shall have the right to deliver, assign and transfer to the
        purchaser thereof the Collateral so sold. Secured Party shall give the Pledgor
        not less than ten (10) days written notice of its intention to make any such
        sale. Any such sale shall be held at such time or times during ordinary business
        hours and at such place or places as Secured Party may fix in the notice
        of such
        sale. Secured Party may adjourn or cancel any sale or cause the same to be
        adjourned from time to time by announcement at the time and place fixed for
        the
        sale, and such sale may be made at any time or place to which the same may
        be so
        adjourned. In case of any sale of all or any part of the Collateral upon
        terms
        calling for payments in the future, any Collateral so sold may be retained
        by
        Secured Party until the selling price is paid by the purchaser thereof, but
        Secured Party shall incur no liability in the case of the failure of such
        purchaser to take up and pay for the Collateral so sold and, in the case
        of such
        failure, such Collateral may again be sold upon like notice. Secured Party,
        however, instead of exercising the power of sale herein conferred upon it,
        may
        proceed by a suit or suits at law or in equity to foreclose the security
        interest and sell the Collateral, or any portion thereof, under a judgment
        or
        decree of a court or courts of competent jurisdiction, the Pledgor having
        been
        given due notice of all such action. Secured Party shall incur no liability
        as a
        result of a sale of the Collateral or any part thereof.

       

      11. Waiver.
        Each of
        the Debtor and the Pledgor waives any right that it may have to require Secured
        Party to proceed against any other person, or proceed against or exhaust
        any
        other security, or pursue any other remedy Secured Party may have.

       

      12. Term
        of Agreement.
        This
        Pledge Agreement shall continue in full force and effect until the earlier
        of
        the payment in full of the Notes. If the Notes are paid in full, the security
        interests in the relevant Collateral shall be deemed released, and any portion
        of the Collateral not transferred to or sold by any one or more Secured Parties
        shall be returned to the Pledgor. Upon termination of this Pledge Agreement,
        the
        relevant Collateral shall be returned within five (5) Trading Days to Debtor
        or
        to the Pledgor, as contemplated above.

      

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      13. General
        Provisions:

      

      13.1 Binding
        Agreement; No Modification of Note.
        This
        Pledge Agreement shall be binding upon and shall inure to the benefit of
        the
        successors and assigns of the respective parties hereto. Except to the extent
        specifically provided herein, nothing in this Pledge Agreement shall limit
        or
        modify any provision of any of the Note.

      

      13.2 Captions.
        The
        headings used in this Pledge Agreement are inserted for reference purposes
        only
        and shall not be deemed to define, limit, extend, describe, or affect in
        any way
        the meaning, scope or interpretation of any of the terms or provisions of
        this
        Pledge Agreement or the intent hereof.

       

      13.3 Counterparts.
        This
        Pledge Agreement may be signed in any number of counterparts with the same
        effect as if the signatures upon any counterpart were upon the same instrument.
        All signed counterparts shall be deemed to be one original. A facsimile
        transmission of this signed Pledge Agreement shall be legal and binding on
        all
        parties hereto.

      

      13.4 Further
        Assurances.
        The
        parties hereto agree that, from time to time upon the written request of
        any
        party hereto, they will execute and deliver such further documents and do
        such
        other acts and things as such party may reasonably request in order fully
        to
        effect the purposes of this Pledge Agreement. The Transfer Agent Instructions
        annexed hereto are deemed an integral part of this Pledge
        Agreement.

      

      13.5 Waiver
        of Breach.
        Any
        waiver by either party of any breach of any kind or character whatsoever
        by the
        other, whether such be direct or implied, shall not be construed as a continuing
        waiver of or consent to any subsequent breach of this Pledge
        Agreement.

      

      13.6 Cumulative
        Remedies.
        The
        rights and remedies of the parties hereto shall be construed cumulatively,
        and
        none of such rights and remedies shall be exclusive of, or in lieu or limitation
        of any other right, remedy, or priority allowed by applicable law.

      

      13.7 Amendment.
        This
        Pledge Agreement may be modified only in a written document that refers to
        this
        Pledge Agreement and is executed by Secured Party, the Pledgor and the
        Debtor.

      

      13.8 Interpretation.
        This
        Pledge Agreement shall be interpreted, construed, and enforced according
        to the
        substantive laws of the State of New York.

      

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      13.9 Governing
        Law.
        This
        Pledge Agreement shall be governed by and construed in accordance with the
        laws
        of the State of New York. Each of the parties consents to the jurisdiction
        of
        the federal courts whose districts encompass any part of the County of New
        York
        or the state courts of the State of New York sitting in the County of New
        York
        in connection with any dispute arising under this Pledge Agreement and hereby
        waives, to the maximum extent permitted by law, any objection, including
        any
        objection based on forum
        non coveniens,
        to the
        bringing of any such proceeding in such jurisdictions.

      

      13.10 WAIVER
        OF JURY TRIAL.
        The
        parties to this Pledge Agreement hereby waive a trial by jury in any action,
        proceeding or counterclaim brought by any of them against any other in respect
        of any matter arising out or in connection with this Pledge
        Agreement.

      

      13.11  Notice.
        Any
        notice or other communication required or permitted to be given hereunder
        shall
        be effective upon receipt. Such notices may be sent (i) in the United States
        mail, postage prepaid and certified, (ii) by express courier with receipt,
        (iii)
        by facsimile transmission, with a copy subsequently delivered as in (i) or
        (ii)
        above. Any such notice shall be addressed or transmitted as
        follows:

       

      If
        to
        Pledgor, to:

      

      Zoltan
        Kiss

       

      T
        

      F
        

        

      If
        to the
        Debtor or to the Secured Party, to the addresses set forth on the signature
        page.

      

      Any
        party
        may change its address by notice similarly given to the other
        parties.

      

      14.12 Acknowledgement
        by Debtor and Pledgor.
        In the
        event that any provision of the Note or this Pledge Agreement as applied
        to any
        party or circumstances shall be adjudged by a court to be invalid or
        unenforceable, each of the Debtor or the Pledgor, as the case may be,
        acknowledges and agrees that this Pledge Agreement shall remain valid and
        enforceable in all respects against the Debtor and the Pledgor.

      

      [THE
        REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK.

      THE
        SIGNATURES OF THE PARTIES ARE ON THE NEXT PAGE.]

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the Parties have executed this Agreement as of the day,
        month
        and year first above written.

       

      
        
          	 	 	 
	SECURED
                  PARTY 	AMERICAN
                  UNITED GLOBAL, INC.
	 
 	 
 	 
 
	 	By:  	/s/ 
	 	
                  
Robert
                  Rubin
	 	Title: CEO
	 	
                  Address: 

                  
                    108
                      Village Square - #327

                    Somers,
                      NY 10589

                  

                
	 	Attn: Robert
                  Rubin, CEO 
	 	Fax No.:  (631)
                  254-2136 

        

        
          	 	 	 
	DEBTOR: 	KRAFT
                  RT.
	 
 	 
 	 
 
	 	By:  	/s/ 
	 	
                  

                
	 	Title 

        

      

       

      
        	 	 	 
	PLEDGOR: 	 
	 
 	 
 	 
 
	 	By:  	/s/ 
	 	
                
Zoltan
                Kiss 
	 	Address:

      

      
         

        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      SCHEDULE
        1

       

        The
        following shares are pledged hereunder as the Pledged Shares, each certificate
        in the name of:

       

      
        
          	
                  Holder’s
                    Name

                	 	
                  No.
                    of Ordinary Shares 

                	 
	 	 	 	 
	
                  Zoltan
                    Kiss  

                	 	
                  222,000       

                	 
	
                   

                	
                  Total:
                     

                	
                  222,000
                    shares

                	 

        

      

       

      

      
        
          
          

        

        
          9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]