Document:

ex-10_9.htm

    Exhibit
      10.9

     

    

     

    SECURITY
      AGREEMENT

     

    SECURITY
      AGREEMENT (this “Agreement”), dated as of September 13, 2007, by and
      among Juniper Group, Inc., a Nevada corporation (“Company”), and the
      secured parties signatory hereto and their respective endorsees, transferees
      and
      assigns (collectively, the “Secured Party”).

     

    W
      I T N E S S E T H:

     

    WHEREAS,
      pursuant to a Securities Purchase Agreement, dated the date hereof, between
      Company and the Secured Party (the “Purchase Agreement”), Company has
      agreed to issue to the Secured Party and the Secured Party has agreed to
      purchase from Company certain of Company’s 8% Callable Secured Convertible
      Notes, due three years from the date of issue (the “Notes”), which are
      convertible into shares of Company’s Common Stock, par value $.001 per share
      (the “Common Stock”).  In connection therewith, Company shall
      issue the Secured Party certain Common Stock purchase warrants (the
“Warrants”); and

     

    WHEREAS,
      in order to induce the Secured Party to purchase the Notes, Company has agreed
      to execute and deliver to the Secured Party this Agreement for the benefit
      of
      the Secured Party and to grant to it a first priority security interest in
      certain property of Company to secure the prompt payment, performance and
      discharge in full of all of Company’s obligations under the Notes and exercise
      and discharge in full of Company’s obligations under the Warrants.

     

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

     

    1.  Certain
      Definitions.  As used in this Agreement, the following terms shall
      have the meanings set forth in this Section 1.  Terms used but not
      otherwise defined in this Agreement that are defined in Article 9 of the UCC
      (such as “general intangibles” and “proceeds”) shall have the
      respective meanings given such terms in Article 9 of the UCC.

     

    (a)  “Collateral”
      means the collateral in which the Secured Party is granted a security interest
      by this Agreement and which shall include the following, whether presently
      owned
      or existing or hereafter acquired or coming into existence, and all additions
      and accessions thereto and all substitutions and replacements thereof, and
      all
      proceeds, products and accounts thereof, including, without limitation, all
      proceeds from the sale or transfer of the Collateral and of insurance covering
      the same and of any tort claims in connection therewith:

     

    (i)  All
      Goods of the Company, including, without limitations, all machinery, equipment,
      computers, motor vehicles, trucks, tanks, boats, ships, appliances, furniture,
      special and general tools, fixtures, test and quality control devices and other
      equipment of every kind and nature and wherever situated, together with all
      documents of title and documents representing the same, all additions and
      accessions thereto, replacements therefor, all parts therefor, and all
      substitutes for any of the foregoing and all other items used and useful in
      connection with the Company’s businesses and all improvements thereto
      (collectively, the “Equipment”); and

     

    (ii)  All
      Inventory of the Company; and

     

    (iii)  All
      of the Company’s contract rights and general intangibles, including, without
      limitation, all partnership interests, stock or other securities, licenses,
      distribution and other agreements, computer software development rights, leases,
      franchises, customer lists, quality control procedures, grants and rights,
      goodwill, trademarks, service marks, trade styles, trade names, patents, patent
      applications, copyrights, deposit accounts, and income tax refunds
      (collectively, the “General Intangibles”); and

     

    (iv)  All
      Receivables of the Company including all insurance proceeds, and rights to
      refunds or indemnification whatsoever owing, together with all instruments,
      all
      documents of title representing any of the foregoing, all rights in any
      merchandising, goods, equipment, motor vehicles and trucks which any of the
      same
      may represent, and all right, title, security and guaranties with respect to
      each Receivable, including any right of stoppage in transit; and

     

    (v)  All
      of the Company’s documents, instruments and chattel paper, files, records, books
      of account, business papers, computer programs and the products and proceeds
      of
      all of the foregoing Collateral set forth in clauses (i)-(iv)
      above.

     

    (b)  “Company”
      shall mean, collectively, Company and all of the subsidiaries of Company, a
      list
      of which is contained in Schedule A, attached hereto.

     

    (c)  “Obligations”
      means all of the Company’s obligations under this Agreement and the Notes, in
      each case, whether now or hereafter existing, voluntary or involuntary, direct
      or indirect, absolute or contingent, liquidated or unliquidated, whether or
      not
      jointly owed with others, and whether or not from time to time decreased or
      extinguished and later decreased, created or incurred, and all or any portion
      of
      such obligations or liabilities that are paid, to the extent all or any part
      of
      such payment is avoided or recovered directly or indirectly from the Secured
      Party as a preference, fraudulent transfer or otherwise as such obligations
      may
      be amended, supplemented, converted, extended or modified from time to
      time.

     

    (d)  “UCC”
      means the Uniform Commercial Code, as currently in effect in the State of New
      York.

     

    2.  Grant
      of Security Interest.  As an inducement for the Secured Party to
      purchase the Notes and to secure the complete and timely payment, performance
      and discharge in full, as the case may be, of all of the Obligations, the
      Company hereby, unconditionally and irrevocably, pledges, grants and
      hypothecates to the Secured Party, a continuing security interest in, a
      continuing first lien upon, an unqualified right to possession and disposition
      of and a right of set-off against, in each case to the fullest extent permitted
      by law, all of the Company’s right, title and interest of whatsoever kind and
      nature in and to the Collateral (the “Security Interest”).

     

    3.  Representations,
      Warranties, Covenants and Agreements of the Company.  The Company
      represents and warrants to, and covenants and agrees with, the Secured Party
      as
      follows:

     

    (a)  The
      Company has the requisite corporate power and authority to enter into this
      Agreement and otherwise to carry out its obligations thereunder.  The
      execution, delivery and performance by the Company of this Agreement and the
      filings contemplated therein have been duly authorized by all necessary action
      on the part of the Company and no further action is required by the
      Company.  This Agreement constitutes a legal, valid and binding
      obligation of the Company enforceable in accordance with its terms, except
      as
      enforceability may be limited by bankruptcy, insolvency, reorganization,
      moratorium or similar laws affecting the enforcement of creditor’s rights
      generally.

     

    (b)  The
      Company represents and warrants that it has no place of business or offices
      where its respective books of account and records are kept (other than
      temporarily at the offices of its attorneys or accountants) or places where
      Collateral is stored or located, except as set forth on Schedule A
      attached hereto;

     

    (c)  The
      Company is the sole owner of the Collateral (except for non-exclusive licenses
      granted by the Company in the ordinary course of business), free and clear
      of
      any liens, security interests, encumbrances, rights or claims, and is fully
      authorized to grant the Security Interest in and to pledge the Collateral,
      except as set forth on Schedule C.  There is not on file in any
      governmental or regulatory authority, agency or recording office an effective
      financing statement, security agreement, license or transfer or any notice
      of
      any of the foregoing (other than those that have been filed in favor of the
      Secured Party pursuant to this Agreement) covering or affecting any of the
      Collateral, except as set forth on Schedule C.  So long as this
      Agreement shall be in effect, the Company shall not execute and shall not
      knowingly permit to be on file in any such office or agency any such financing
      statement or other document or instrument (except to the extent filed or
      recorded in favor of the Secured Party pursuant to the terms of this Agreement),
      except as set forth on Schedule C.

     

    (d)  No
      part of the Collateral has been judged invalid or unenforceable.  No
      written claim has been received that any Collateral or the Company’s use of any
      Collateral violates the rights of any third party. There has been no adverse
      decision to the Company’s claim of ownership rights in or exclusive rights to
      use the Collateral in any jurisdiction or to the Company’s right to keep and
      maintain such Collateral in full force and effect, and there is no proceeding
      involving said rights pending or, to the best knowledge of the Company,
      threatened before any court, judicial body, administrative or regulatory agency,
      arbitrator or other governmental authority.

     

    (e)  The
      Company shall at all times maintain its books of account and records relating
      to
      the Collateral at its principal place of business and its Collateral at the
      locations set forth on Schedule A attached hereto and may not relocate
      such books of account and records or tangible Collateral unless it delivers
      to
      the Secured Party at least 30 days prior to such relocation (i) written notice
      of such relocation and the new location thereof (which must be within the United
      States) and (ii) evidence that appropriate financing statements and other
      necessary documents have been filed and recorded and other steps have been
      taken
      to perfect the Security Interest to create in favor of the Secured Party valid,
      perfected and continuing first priority liens in the Collateral.

     

    (f)  This
      Agreement creates in favor of the Secured Party a valid security interest in
      the
      Collateral securing the payment and performance of the Obligations and, upon
      making the filings described in the immediately following sentence, a perfected
      first priority security interest in such Collateral.  Except for the
      filing of financing statements on Form-1 under the UCC with the jurisdictions
      indicated on Schedule B, attached hereto, no authorization or approval of
      or filing with or notice to any governmental authority or regulatory body is
      required either (i) for the grant by the Company of, or the effectiveness
      of, the Security Interest granted hereby or for the execution, delivery and
      performance of this Agreement by the Company or (ii) for the perfection of
      or exercise by the Secured Party of its rights and remedies
      hereunder.

     

    (g)  On
      the date of execution of this Agreement, the Company will deliver to the Secured
      Party one or more executed UCC financing statements on Form-1 with respect
      to
      the Security Interest for filing with  the jurisdictions indicated on
Schedule B, attached hereto and in such other jurisdictions as may be
      requested by the Secured Party.

     

    (h)  Except
      as set forth on Schedule C, the execution, delivery and performance of
      this Agreement does not conflict with or cause a breach or default, or an event
      that with or without the passage of time or notice, shall constitute a breach
      or
      default, under any agreement to which the Company is a party or by which the
      Company is bound.  No consent (including, without limitation, from
      stock holders or creditors of the Company) is required for the Company to enter
      into and perform its obligations hereunder.

     

    (i)  The
      Company shall at all times maintain the liens and Security Interest provided
      for
      hereunder as valid and perfected first priority liens and security interests
      in
      the Collateral in favor of the Secured Party until this Agreement and the
      Security Interest hereunder shall terminate pursuant to Section
      11.  The Company hereby agrees to defend the same against any and all
      persons.  The Company shall safeguard and protect all Collateral for
      the account of the Secured Party.  At the request of the Secured
      Party, the Company will sign and deliver to the Secured Party at any time or
      from time to time one or more financing statements pursuant to the UCC (or
      any
      other applicable statute) in form reasonably satisfactory to the Secured Party
      and will pay the cost of filing the same in all public offices wherever filing
      is, or is deemed by the Secured Party to be, necessary or desirable to effect
      the rights and obligations provided for herein. Without limiting the generality
      of the foregoing, the Company shall pay all fees, taxes and other amounts
      necessary to maintain the Collateral and the Security Interest hereunder, and
      the Company shall obtain and furnish to the Secured Party from time to time,
      upon demand, such releases and/or subordinations of claims and liens which
      may
      be required to maintain the priority of the Security Interest
      hereunder.

     

    (j)  The
      Company will not transfer, pledge, hypothecate, encumber, license (except for
      non-exclusive licenses granted and sales made by the Company in the ordinary
      course of business), sell or otherwise dispose of any of the Collateral without
      the prior written consent of the Secured Party.

     

    (k)  The
      Company shall keep and preserve its Equipment, Inventory and other tangible
      Collateral in good condition, repair and order and shall not operate or locate
      any such Collateral (or cause to be operated or located) in any area excluded
      from insurance coverage.

     

    (l)  The
      Company shall, within ten (10) days of obtaining knowledge thereof, advise
      the
      Secured Party promptly, in sufficient detail, of any substantial change in
      the
      Collateral, and of the occurrence of any event which would have a material
      adverse effect on the value of the Collateral or on the Secured Party’s security
      interest therein.

     

    (m)  The
      Company shall promptly execute and deliver to the Secured Party such further
      deeds, mortgages, assignments, security agreements, financing statements or
      other instruments, documents, certificates and assurances and take such further
      action as the Secured Party may from time to time request and may in its sole
      discretion deem necessary to perfect, protect or enforce its security interest
      in the Collateral including, without limitation, the execution and delivery
      of a
      separate security agreement with respect to the Company’s intellectual property
      (“Intellectual Property Security Agreement”) in which the Secured Party
      has been granted a security interest hereunder, substantially in a form
      acceptable to the Secured Party, which Intellectual Property Security Agreement,
      other than as stated therein, shall be subject to all of the terms and
      conditions hereof.

     

    (n)  The
      Company shall permit the Secured Party and its representatives and agents to
      inspect the Collateral at any time, and to make copies of records pertaining
      to
      the Collateral as may be requested by the Secured Party from time to
      time.

     

    (o)  The
      Company will take all steps reasonably necessary to diligently pursue and seek
      to preserve, enforce and collect any rights, claims, causes of action and
      accounts receivable in respect of the Collateral.

     

    (p)  The
      Company shall promptly notify the Secured Party in sufficient detail upon
      becoming aware of any  attachment, garnishment, execution or other
      legal process levied against any Collateral and of any other information
      received by the Company that may materially affect the value of the Collateral,
      the Security Interest or the rights and remedies of the Secured Party
      hereunder.

     

    (q)  All
      information heretofore, herein or hereafter supplied to the Secured Party by
      or
      on behalf of the Company with respect to the Collateral is accurate and complete
      in all material respects as of the date furnished.

     

    (r)  Schedule
      A attached hereto contains a list of all of the subsidiaries of
      Company.

     

    4.  Defaults.  The
      following events shall be “Events of Default”:

     

    (a)  The
      occurrence of an Event of Default (as defined in the Notes) under the
      Notes;

     

    (b)  Any
      representation or warranty of the Company in this Agreement or in the
      Intellectual Property Security Agreement shall prove to have been incorrect
      in
      any material respect when made;

     

    (c)  The
      failure by the Company to observe or perform any of its obligations hereunder
      or
      in the Intellectual Property Security Agreement for ten (10) days after receipt
      by the Company of notice of such failure from the Secured Party;
      and

     

    (d)  Any
      breach of, or default under, the Warrants.

     

    5.  Duty
      To Hold In Trust.  Upon the occurrence of any Event of Default and
      at any time thereafter, the Company shall, upon receipt by it of any revenue,
      income or other sums subject to the Security Interest, whether payable pursuant
      to the Notes or otherwise, or of any check, draft, note, trade acceptance or
      other instrument evidencing an obligation to pay any such sum, hold the same
      in
      trust for the Secured Party and shall forthwith endorse and transfer any such
      sums or instruments, or both, to the Secured Party for application to the
      satisfaction of the Obligations.

     

    6.  Rights
      and Remedies Upon Default.  Upon occurrence of any Event of
      Default and at any time thereafter, the Secured Party shall have the right
      to
      exercise all of the remedies conferred hereunder and under the Notes, and the
      Secured Party shall have all the rights and remedies of a secured party under
      the UCC and/or any other applicable law (including the Uniform Commercial Code
      of any jurisdiction in which any Collateral is then located).  Without
      limitation, the Secured Party shall have the following rights and
      powers:

     

    (a)  The
      Secured Party shall have the right to take possession of the Collateral and,
      for
      that purpose, enter, with the aid and assistance of any person, any premises
      where the Collateral, or any part thereof, is or may be placed and remove the
      same, and the Company shall assemble the Collateral and make it available to
      the
      Secured Party at places which the Secured Party shall reasonably select, whether
      at the Company’s premises or elsewhere, and make available to the Secured Party,
      without rent, all of the Company’s respective premises and facilities for the
      purpose of the Secured Party taking possession of, removing or putting the
      Collateral in saleable or disposable form.

     

    (b)  The
      Secured Party shall have the right to operate the business of the Company using
      the Collateral and shall have the right to assign, sell, lease or otherwise
      dispose of and deliver all or any part of the Collateral, at public or private
      sale or otherwise, either with or without special conditions or stipulations,
      for cash or on credit or for future delivery, in such parcel or parcels and
      at
      such time or times and at such place or places, and upon such terms and
      conditions as the Secured Party may deem commercially reasonable, all without
      (except as shall be required by applicable statute and cannot be waived)
      advertisement or demand upon or notice to the Company or right of redemption
      of
      the Company, which are hereby expressly waived.  Upon each such sale,
      lease, assignment or other transfer of Collateral, the Secured Party may, unless
      prohibited by applicable law which cannot be waived, purchase all or any part
      of
      the Collateral being sold, free from and discharged of all trusts, claims,
      right
      of redemption and equities of the Company, which are hereby waived and
      released.

     

    7.  Applications
      of Proceeds.  The proceeds of any such sale, lease or other
      disposition of the Collateral hereunder shall be applied first, to the expenses
      of retaking, holding, storing, processing and preparing for sale, selling,
      and
      the like (including, without limitation, any taxes, fees and other costs
      incurred in connection therewith) of the Collateral, to the reasonable
      attorneys’ fees and expenses incurred by the Secured Party in enforcing its
      rights hereunder and in connection with collecting, storing and disposing of
      the
      Collateral, and then to satisfaction of the Obligations, and to the payment
      of
      any other amounts required by applicable law, after which the Secured Party
      shall pay to the Company any surplus proceeds.  If, upon the sale,
      license or other disposition of the Collateral, the proceeds thereof are
      insufficient to pay all amounts to which the Secured Party is legally entitled,
      the Company will be liable for the deficiency, together with interest thereon,
      at the rate of 15% per annum (the “Default Rate”), and the reasonable
      fees of any attorneys employed by the Secured Party to collect such
      deficiency.  To the extent permitted by applicable law, the Company
      waives all claims, damages and demands against the Secured Party arising out
      of
      the repossession, removal, retention or sale of the Collateral, unless due
      to
      the gross negligence or willful misconduct of the Secured Party.

     

    8.  Costs
      and
      Expenses.                                                      The
      Company agrees to pay all out-of-pocket fees, costs and expenses incurred in
      connection with any filing required hereunder, including without limitation,
      any
      financing statements, continuation statements, partial releases and/or
      termination statements related thereto or any expenses of any searches
      reasonably required by the Secured Party.  The Company shall also pay
      all other claims and charges which in the reasonable opinion of the Secured
      Party might prejudice, imperil or otherwise affect the Collateral or the
      Security Interest therein.  The Company will also, upon demand, pay to
      the Secured Party the amount of any and all reasonable expenses, including
      the
      reasonable fees and expenses of its counsel and of any experts and agents,
      which
      the Secured Party may incur in connection with (i) the enforcement of this
      Agreement, (ii) the custody or preservation of, or the sale of, collection
      from, or other realization upon, any of the Collateral, or (iii) the
      exercise or enforcement of any of the rights of the Secured Party under the
      Notes.  Until so paid, any fees payable hereunder shall be added to
      the principal amount of the Notes and shall bear interest at the Default
      Rate.

     

    9.  Responsibility
      for Collateral.  The Company assumes all liabilities and
      responsibility in connection with all Collateral, and the obligations of the
      Company hereunder or under the Notes and the Warrants shall in no way be
      affected or diminished by reason of the loss, destruction, damage or theft
      of
      any of the Collateral or its unavailability for any reason.

     

    10.  Security
      Interest Absolute.  All rights of the Secured Party and all
      Obligations of the Company hereunder, shall be absolute and unconditional,
      irrespective of: (a) any lack of validity or enforceability of this
      Agreement, the Notes, the Warrants or any agreement entered into in connection
      with the foregoing, or any portion hereof or thereof; (b) any change in the
      time, manner or place of payment or performance of, or in any other term of,
      all
      or any of the Obligations, or any other amendment or waiver of or any consent
      to
      any departure from the Notes, the Warrants or any other agreement entered into
      in connection with the foregoing; (c)  any exchange, release or
      nonperfection of any of the Collateral, or any release or amendment or waiver
      of
      or consent to departure from any other collateral for, or any guaranty, or
      any
      other security, for all or any of the Obligations; (d) any action by the
      Secured Party to obtain, adjust, settle and cancel in its sole discretion any
      insurance claims or matters made or arising in connection with the Collateral;
      or (e) any other circumstance which might otherwise constitute any legal or
      equitable defense available to the Company, or a discharge of all or any part
      of
      the Security Interest granted hereby.  Until the Obligations shall
      have been paid and performed in full, the rights of the Secured Party shall
      continue even if the Obligations are barred for any reason, including, without
      limitation, the running of the statute of limitations or
      bankruptcy.  The Company expressly waives presentment, protest, notice
      of protest, demand, notice of nonpayment and demand for
      performance.  In the event that at any time any transfer of any
      Collateral or any payment received by the Secured Party hereunder shall be
      deemed by final order of a court of competent jurisdiction to have been a
      voidable preference or fraudulent conveyance under the bankruptcy or insolvency
      laws of the United States, or shall be deemed to be otherwise due to any party
      other than the Secured Party, then, in any such event, the Company’s obligations
      hereunder shall survive cancellation of this Agreement, and shall not be
      discharged or satisfied by any prior payment thereof and/or cancellation of
      this
      Agreement, but shall remain a valid and binding obligation enforceable in
      accordance with the terms and provisions hereof.  The Company waives
      all right to require the Secured Party to proceed against any other person
      or to
      apply any Collateral which the Secured Party may hold at any time, or to marshal
      assets, or to pursue any other remedy.  The Company waives any defense
      arising by reason of the application of the statute of limitations to any
      obligation secured hereby.

     

    11.  Term
      of Agreement.  This Agreement and the Security Interest shall
      terminate on the date on which all payments under the Notes have been made
      in
      full and all other Obligations have been paid or discharged.  Upon
      such termination, the Secured Party, at the request and at the expense of the
      Company, will join in executing any termination statement with respect to any
      financing statement executed and filed pursuant to this Agreement.

     

    12.  Power
      of Attorney; Further Assurances.

     

    (a)  The
      Company authorizes the Secured Party, and does hereby make, constitute and
      appoint it, and its respective officers, agents, successors or assigns with
      full
      power of substitution, as the Company’s true and lawful attorney-in-fact, with
      power, in its own name or in the name of the Company, to, after the occurrence
      and during the continuance of an Event of Default, (i) endorse any notes,
      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 Collateral that may come into possession of the Secured Party; (ii) to
      sign and endorse any UCC financing statement or any invoice, freight or express
      bill, bill of lading, storage or warehouse receipts, drafts against debtors,
      assignments, verifications and notices in connection with accounts, and other
      documents relating to the Collateral; (iii) to pay or discharge taxes,
      liens, security interests or other encumbrances at any time levied or placed
      on
      or threatened against the Collateral; (iv) to demand, collect, receipt for,
      compromise, settle and sue for monies due in respect of the Collateral; and
      (v) generally, to do, at the option of the Secured Party, and at the
      Company’s expense, at any time, or from time to time, all acts and things which
      the Secured Party deems necessary to protect, preserve and realize upon the
      Collateral and the Security Interest granted therein in order to effect the
      intent of this Agreement, the Notes and the Warrants, all as fully and
      effectually as the Company might or could do; and the Company hereby ratifies
      all that said attorney 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.

     

    (b)  On
      a continuing basis, the Company will make, execute, acknowledge, deliver, file
      and record, as the case may be, in the proper filing and recording places in
      any
      jurisdiction, including, without limitation, the jurisdictions indicated on
      Schedule B, attached hereto, all such instruments, and take all such
      action as may reasonably be deemed necessary or advisable, or as reasonably
      requested by the Secured Party, to perfect the Security Interest granted
      hereunder and otherwise to carry out the intent and purposes of this Agreement,
      or for assuring and confirming to the Secured Party the grant or perfection
      of a
      security interest in all the Collateral.

     

    (c)  The
      Company hereby irrevocably appoints the Secured Party as the Company’s
      attorney-in-fact, with full authority in the place and stead of the Company
      and
      in the name of the Company, from time to time in the Secured Party’s discretion,
      to take any action and to execute any instrument which the Secured Party may
      deem necessary or advisable to accomplish the purposes of this Agreement,
      including the filing, 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 the Company where permitted by
      law.

     

    13.  Notices.  All
      notices, requests, demands and other communications hereunder shall be in
      writing, with copies to all the other parties hereto, and shall be deemed to
      have been duly given when (i) if delivered by hand, upon receipt,
      (ii) if sent by facsimile, upon receipt of proof of sending thereof,
      (iii) if sent by nationally recognized overnight delivery service (receipt
      requested), the next business day or (iv) if mailed by first-class
      registered or certified mail, return receipt requested, postage prepaid, four
      days after posting in the U.S. mails, in each case if delivered to the following
      addresses:

     

    
      	
              If
                to the Company:

            	
              Juniper
                Group, Inc.

            

    

     

    
      	
               

            	
              20283
                State Road, Suite 400

            

    

     

    
      	
               

            	
              Boca
                Raton,  Florida  33498

            

    

     

    
      	
               

            	
              Attention:  Chief
                Executive Officer

            

    

     

    
      	
               

            	
              Telephone:  (561)
                482-9327

            

    

     

    
      	
               

            	
              Facsimile:
                (561) 482-9328

            

    

     

    

     

    With
      a copy
      to:                                                                Sichenzia
      Ross Friedman Ference LLP

    1065
      Avenue of the Americas

    New
      York, NY  10018

    Attention:   Gregory
      Sichenzia, Esq.

    Telephone:  (212)
      930-9700

    Facsimile:   (212)
      930-9725

     

    

    

    
      	
              If
                to the Secured Party:

            	
              AJW
                Partners, LLC

            

    

     

    
      	
               

            	
              AJW
                Master Fund, Ltd.

            

    

     

    
      	
               

            	
              New
                Millennium Capital Partners II, LLC

            

    

     

    
      	
               

            	
              1044
                Northern Boulevard

            

    

     

    
      	
               

            	
              Suite
                302

            

    

     

    
      	
               

            	
              Roslyn,
                New York 11576

            

    

     

    
      	
               

            	
              Attention:  Corey
                Ribotsky

            

    

     

    
      	
               

            	
              Facsimile:  516-739-7115

            

    

     

    
      	
               

            	
              With
                a copy to:

            	
              Ballard
                Spahr Andrews & Ingersoll, LLP

            

    

     

    
      	
               

            	
              1735
                Market Street, 51st
                Floor

            

    

     

    
      	
               

            	
              Philadelphia,
                Pennsylvania  19103

            

    

     

    
      	
               

            	
              Attention:  Gerald
                J. Guarcini, Esq.

            

    

     

    
      	
               

            	
              Facsimile:  215-864-8999

            

    

     

    14.  Other
      Security.  To the extent that the Obligations are now or hereafter
      secured by property other than the Collateral or by the guarantee, endorsement
      or property of any other person, firm, corporation or other entity, then the
      Secured Party shall have the right, in its sole discretion, to pursue,
      relinquish, subordinate, modify or take any other action with respect thereto,
      without in any way modifying or affecting any of the Secured Party’s rights and
      remedies hereunder.

     

    15.  Miscellaneous.

     

    (a)  No
      course of dealing between the Company and the Secured Party, nor any failure
      to
      exercise, nor any delay in exercising, on the part of the Secured Party, any
      right, power or privilege hereunder or under the Notes shall operate as a waiver
      thereof; nor shall any single or partial exercise of any right, power or
      privilege hereunder or thereunder preclude any other or further exercise thereof
      or the exercise of any other right, power or privilege.

     

    (b)  All
      of the rights and remedies of the Secured Party with respect to the Collateral,
      whether established hereby or by the Notes or by any other agreements,
      instruments or documents or by law shall be cumulative and may be exercised
      singly or concurrently.

     

    (c)  This
      Agreement constitutes the entire agreement of the parties with respect to the
      subject matter hereof and is intended to supersede all prior negotiations,
      understandings and agreements with respect thereto.  Except as
      specifically set forth in this Agreement, no provision of this Agreement may
      be
      modified or amended except by a written agreement specifically referring to
      this
      Agreement and signed by the parties hereto.

     

    (d)  In
      the event that any provision of this Agreement is held to be invalid, prohibited
      or unenforceable in any jurisdiction for any reason, unless such provision
      is
      narrowed by judicial construction, this Agreement shall, as to such
      jurisdiction, be construed as if such invalid, prohibited or unenforceable
      provision had been more narrowly drawn so as not to be invalid, prohibited
      or
      unenforceable.  If, notwithstanding the foregoing, any provision of
      this Agreement is held to be invalid, prohibited or unenforceable in any
      jurisdiction, such provision, as to such jurisdiction, shall be ineffective
      to
      the extent of such invalidity, prohibition or unenforceability without
      invalidating the remaining portion of such provision or the other provisions
      of
      this Agreement and without affecting the validity or enforceability of such
      provision or the other provisions of this Agreement in any other
      jurisdiction.

     

    (e)  No
      waiver of any breach or default or any right under this Agreement shall be
      considered valid unless in writing and signed by the party giving such waiver,
      and no such waiver shall be deemed a waiver of any subsequent breach or default
      or right, whether of the same or similar nature or otherwise.

     

    (f)  This
      Agreement shall be binding upon and inure to the benefit of each party hereto
      and its successors and assigns.

     

    (g)  Each
      party shall take such further action and execute and deliver such further
      documents as may be necessary or appropriate in order to carry out the
      provisions and purposes of this Agreement.

     

    (h)  This
      Agreement shall be construed in accordance with the laws of the State of New
      York, except to the extent the validity, perfection or enforcement of a security
      interest hereunder in respect of any particular Collateral which are governed
      by
      a jurisdiction other than the State of New York in which case such law shall
      govern.  Each of the parties hereto irrevocably submit to the
      exclusive jurisdiction of any New York State or United States Federal court
      sitting in Manhattan county over any action or proceeding arising out of or
      relating to this Agreement, and the parties hereto hereby irrevocably agree
      that
      all claims in respect of such action or proceeding may be heard and determined
      in such New York State or Federal court.  The parties hereto agree
      that a final judgment in any such action or proceeding shall be conclusive
      and
      may be enforced in other jurisdictions by suit on the judgment or in any other
      manner provided by law.  The parties hereto further waive any
      objection to venue in the State of New York and any objection to an action
      or
      proceeding in the State of New York on the basis of forum non
      conveniens.

     

    (i)  EACH
      PARTY HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF
      ANY
      CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS
      AGREEMENT.  THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL
      ENCOMPASSING OF ANY DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE
      TO
      THE SUBJECT MATER OF THIS AGREEMENT, INCLUDING WITHOUT LIMITATION CONTRACT
      CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND
      STATUTORY CLAIMS.  EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS
      A MATERIAL INDUCEMENT FOR EACH PARTY TO ENTER INTO A BUSINESS RELATIONSHIP,
      THAT
      EACH PARTY HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT
      AND
      THAT EACH PARTY WILL CONTINUE TO RELY ON THIS WAIVER IN THEIR RELATED FUTURE
      DEALINGS. EACH PARTY FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS
      WAIVER WITH ITS LEGAL COUNSEL, AND THAT SUCH PARTY HAS KNOWINGLY AND VOLUNTARILY
      WAIVES ITS RIGHTS TO A JURY TRIAL FOLLOWING SUCH CONSULTATION.  THIS
      WAIVER IS IRREVOCABLE, MEANING THAT, NOTWITHSTANDING ANYTHING HEREIN TO THE
      CONTRARY, IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER
      SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS AND SUPPLEMENTS OR
      MODIFICATIONS TO THIS AGREEMENT.  IN THE EVENT OF A LITIGATION, THIS
      AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE
      COURT.

     

    (j)  This
      Agreement may be executed in any number of counterparts, each of which when
      so
      executed shall be deemed to be an original and, all of which taken together
      shall constitute one and the same Agreement.  In the event that any
      signature is delivered by facsimile transmission, such signature shall create
      a
      valid 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 were the original thereof.

     

    

     

    

     

    

     

    

     

    

     

    

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

    IN
      WITNESS WHEREOF, the parties hereto have caused this Security Agreement to
      be
      duly executed on the day and year first above written.

     

     

    JUNIPER
      GROUP, INC.

     

    By:  
      /s/   Vlado
      P. Hreljanovic
       

    

    _____________________________________

    Vlado
      P. Hreljanovic

     

    Chief
      Executive Officer

     

    

     

    AJW
      PARTNERS, LLC

     

    By:
      SMS Group, LLC

     

    
      	
               

            	
              By:  /s/Corey
                S. Ribotsky

              _____________________________________

            

    

     

    
      	
               

            	
              Corey
                S. Ribotsky

            

    

     

    
      	
               

            	
              Manager

            

    

     

    

     

    AJW
      MASTER FUND, LTD.

     

    By:  First
      Street Manager II, LLC

     

    
      	
               

            	
              By:  /s/Corey
                S. Ribotsky

              __________________________________

            

    

     

    
      	
               

            	
              Corey
                S. Ribotsky

            

    

     

    
      	
               

            	
              Manager

            

    

     

    

     

    

    
      	
               

            	
              NEW
                MILLENNIUM CAPITAL PARTNERS II, LLC

            

    

    
      	
               

            	
              By:  First
                Street Manager II, LLC

            

    

     

    
      	
               

            	
              By:  /s/Corey
                S. Ribotsky

                _____________________________________

            

    

     

    
      	
               

            	
              Corey
                S. Ribotsky

            

    

     

    
      	
               

            	
              Manager

            

    

     

    SCHEDULE
      A

     

    Subsidiaries
      of the Company

     

    

     

    

     

    Places
      where the Collateral is stored or located

     

    

     

    
      	
               

            	
              Principal
                Place of Business of the
                Company

            

    

     

    

     

    

     

    

     

    SCHEDULE
      B

     

    Jurisdictions

     

    

     

    

     

    

     

    SCHEDULE
      C

     

    Liens,
      interests, encumbrances, rights or claims against the
      Collateral

     

    

     

    Financing
      statement, security agreement, license or transfer covering or affecting the
      Collateral

     

    

     

    Any
      future financing Statement

     

    

     

    Conflicts,
      breach or defaultex-10_10.htm

    Exhibit
      10.10

     

    

     

    INTELLECTUAL
      PROPERTY SECURITY AGREEMENT

     

    INTELLECTUAL
      PROPERTY SECURITY AGREEMENT (this “Agreement” dated as of September 13,
      2007, by and among Juniper Group, Inc., a Nevada corporation (the
“Company”), and the secured parties signatory hereto and their respective
      endorsees, transferees and assigns (collectively, the “Secured
      Party”).

     

    W
      I T N E S S E T H :

     

    WHEREAS,
      pursuant to a Securities Purchase Agreement, dated the date hereof, between
      Company and the Secured Party (the “Purchase Agreement”), Company has
      agreed to issue to the Secured Party and the Secured Party has agreed to
      purchase from Company certain of Company’s 8% Callable Secured Convertible
      Notes, due three years from the date of issue (the “Notes”), which are
      convertible into shares of Company’s Common Stock, par value $.001 per share
      (the “Common Stock”).  In connection therewith, Company shall
      issue the Secured Party certain Common Stock purchase warrants (the
“Warrants”); and

     

    WHEREAS,
      in order to induce the Secured Party to purchase the Notes, Company has agreed
      to execute and deliver to the Secured Party this Agreement for the benefit
      of
      the Secured Party and to grant to it a first priority security interest in
      certain Intellectual Property (defined below) of Company to secure the prompt
      payment, performance and discharge in full of all of Company’s obligations under
      the Notes and exercise and discharge in full of Company’s obligations under the
      Warrants; and

     

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

     

    1.  Defined
      Terms.  Unless otherwise defined herein, terms which are defined
      in the Purchase Agreement and used herein are so used as so defined; and the
      following terms shall have the following meanings:

     

    “Software
      Intellectual Property” shall mean:

     

    (a)  all
      software programs (including all source code, object code and all related
      applications and data files), whether now owned, upgraded, enhanced, licensed
      or
      leased or hereafter acquired by the Company, above;

     

    (b)  all
      computers and electronic data processing hardware and firmware associated
      therewith;

     

    (c)  all
      documentation (including flow charts, logic diagrams, manuals, guides and
      specifications) with respect to such software, hardware and firmware described
      in the preceding clauses (a) and (b); and

     

    (d)  all
      rights with respect to all of the foregoing, including, without limitation,
      any
      and all upgrades, modifications, copyrights, licenses, options, warranties,
      service contracts, program services, test rights, maintenance rights, support
      rights, improvement rights, renewal rights and indemnifications and
      substitutions, replacements, additions, or model conversions of any of the
      foregoing.

     

    “Copyrights”
      shall mean (a) all copyrights, registrations and applications for registration,
      issued or filed, including any reissues, extensions or renewals thereof,
      by or with the United States Copyright Office or any similar office or agency
      of
      the United States, any state thereof, or any other country or political
      subdivision thereof, or otherwise, including, all rights in and to the material
      constituting the subject matter thereof, including, without limitation, any
      referred to in Schedule B hereto, and (b) any rights in any material
      which is copyrightable or which is protected by common law, United States
      copyright laws or similar laws or any law of any State, including, without
      limitation, any thereof referred to in Schedule B hereto.

     

    “Copyright
      License” shall mean any agreement, written or oral, providing for a grant by
      the Company of any right in any Copyright, including, without limitation, any
      thereof referred to in Schedule B hereto.

     

    “Intellectual
      Property” shall means, collectively, the Software Intellectual Property,
      Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks, Trademark
      Licenses and Trade Secrets.

     

    “Obligations”
      means all of the Company’s obligations under this Agreement and the Notes, in
      each case, whether now or hereafter existing, voluntary or involuntary, direct
      or indirect, absolute or contingent, liquidated or unliquidated, whether or
      not
      jointly owed with others, and whether or not from time to time decreased or
      extinguished and later decreased, created or incurred, and all or any portion
      of
      such obligations or liabilities that are paid, to the extent all or any part
      of
      such payment is avoided or recovered directly or indirectly from the Secured
      Party as a preference, fraudulent transfer or otherwise as such obligations
      may
      be amended, supplemented, converted, extended or modified from time to
      time.

     

    “Patents”
      shall mean (a) all letters patent of the United States or any other country
      or
      any political subdivision thereof, and all reissues and extensions thereof,
      including, without limitation, any thereof referred to in Schedule B
      hereto, and (b) all applications for letters patent of the United States and
      all
      divisions, continuations and continuations-in-part thereof or any other country
      or any political subdivision, including, without limitation, any thereof
      referred to in Schedule B hereto.

     

    “Patent
      License” shall mean all agreements, whether written or oral, providing for
      the grant by the Company of any right to manufacture, use or sell any invention
      covered by a Patent, including, without limitation, any thereof referred to
      in
Schedule B hereto.

     

    “Security
      Agreement” shall mean the Security Agreement, dated the date hereof between
      Company and the Secured Party.

     

    “Trademarks”
      shall mean (a) all trademarks, trade names, corporate names, company names,
      business names, fictitious business names, trade styles, service marks, logos
      and other source or business identifiers, and the goodwill associated therewith,
      now existing or hereafter adopted or acquired, all registrations and recordings
      thereof, and all applications in connection therewith, whether in the United
      States Patent and Trademark Office or in any similar office or agency of the
      United States, any state thereof or any other country or any political
      subdivision thereof, or otherwise, including, without limitation, any thereof
      referred to in Schedule B hereto, and (b) all reissues, extensions or
      renewals thereof.

     

    “Trademark
      License” shall mean any agreement, written or oral, providing for the grant
      by the Company of any right to use any Trademark, including, without limitation,
      any thereof referred to in Schedule B hereto.

     

    “Trade
      Secrets” shall mean common law and statutory trade secrets and all other
      confidential or proprietary or useful information and all know-how obtained
      by
      or used in or contemplated at any time for use in the business of the Company
      (all of the foregoing being collectively called a “Trade Secret”),
      whether or not such Trade Secret has been reduced to a writing or other tangible
      form, including all documents and things embodying, incorporating or referring
      in any way to such Trade Secret, all Trade Secret licenses, including each
      Trade
      Secret license referred to in Schedule B hereto, and including the right
      to sue for and to enjoin and to collect damages for the actual or threatened
      misappropriation of any Trade Secret and for the breach or enforcement of any
      such Trade Secret license.

     

    2.  Grant
      of Security Interest.  In accordance with Section 3(m) of the
      Security Agreement, to secure the complete and timely payment, performance
      and
      discharge in full, as the case may be, of all of the Obligations, the Company
      hereby, unconditionally and irrevocably, pledges, grants and hypothecates to
      the
      Secured Party, a continuing security interest in, a continuing first lien upon,
      an unqualified right to possession and disposition of and a right of set-off
      against, in each case to the fullest extent permitted by law, all of the
      Company’s right, title and interest of whatsoever kind and nature in and to the
      Intellectual Property (the “Security Interest”).

     

    3.  Representations
      and Warranties.  The Company hereby represents and warrants, and
      covenants and agrees with, the Secured Party as follows:

     

    (a)  The
      Company has the requisite corporate power and authority to enter into this
      Agreement and otherwise to carry out its obligations thereunder.  The
      execution, delivery and performance by the Company of this Agreement and the
      filings contemplated therein have been duly authorized by all necessary action
      on the part of the Company and no further action is required by the
      Company.  This Agreement constitutes a legal, valid and binding
      obligation of the Company enforceable in accordance with its terms, except
      as
      enforceability may be limited by bankruptcy, insolvency, reorganization,
      moratorium or similar laws affecting the enforcement of creditor’s rights
      generally.

     

    (b)  The
      Company represents and warrants that it has no place of business or offices
      where its respective books of account and records are kept (other than
      temporarily at the offices of its attorneys or accountants) or places where
      the
      Intellectual Property is stored or located, except as set forth on Schedule
      A attached hereto;

     

    (c)  The
      Company is the sole owner of the Intellectual Property (except for non-exclusive
      licenses granted by the Company in the ordinary course of business), free and
      clear of any liens, security interests, encumbrances, rights or claims, and
      is
      fully authorized to grant the Security Interest in and to pledge the
      Intellectual Property, except as set forth on Schedule D, or for a
      financing statement covering assets acquired by the Company after the date
      hereof.  There is not on file in any governmental or regulatory
      authority, agency or recording office an effective financing statement, security
      agreement, license or transfer or any notice of any of the foregoing (other
      than
      those that have been filed in favor of the Secured Party pursuant to this
      Agreement) covering or affecting any of the Intellectual Property, except as
      set
      forth on Schedule D.  So long as this Agreement shall be in
      effect, the Company shall not execute and shall not knowingly permit to be
      on
      file in any such office or agency any such financing statement or other document
      or instrument (except to the extent filed or recorded in favor of the Secured
      Party pursuant to the terms of this Agreement), except as set forth on
Schedule D or for a financing statement covering assets acquired by the
      Company after the date hereof, provided that the value of the Intellectual
      Property covered by this Agreement along with the Collateral (as defined in
      the
      Security Agreement) is equal to at least 150% of the Obligations.

     

    (d)  The
      Company shall at all times maintain its books of account and records relating
      to
      the Intellectual Property at its principal place of business and its
      Intellectual Property at the locations set forth on Schedule A attached
      hereto and may not relocate such books of account and records unless it delivers
      to the Secured Party at least 30 days prior to such relocation (i) written
      notice of such relocation and the new location thereof (which must be within
      the
      United States) and (ii) evidence that the necessary documents have been
      filed and recorded and other steps have been taken to perfect the Security
      Interest to create in favor of the Secured Party valid, perfected and continuing
      first priority liens in the Intellectual Property to the extent they can be
      perfected through such filings.

     

    (e)  This
      Agreement creates in favor of the Secured Party a valid security interest in
      the
      Intellectual Property securing the payment and performance of the Obligations
      and, upon making the filings required hereunder, a perfected first priority
      security interest in such Intellectual Property to the extent that it can be
      perfected through such filings.

     

    (f)   Upon
      request of the Secured Party, the Company shall execute and deliver any and
      all
      agreements, instruments, documents, and papers as the Secured Party may request
      to evidence the Secured Party’s security interest in the Intellectual Property
      and the goodwill and general intangibles of the Company relating thereto or
      represented thereby, and the Company hereby appoints the Secured Party its
      attorney-in-fact to execute and file all such writings for the foregoing
      purposes, all acts of such attorney being hereby ratified and confirmed; such
      power being coupled with an interest is irrevocable until the Obligations have
      been fully satisfied and are paid in full.

     

    (g)  Except
      as set forth on Schedule D, the execution, delivery and performance of
      this Agreement does not conflict with or cause a breach or default, or an event
      that with or without the passage of time or notice, shall constitute a breach
      or
      default, under any agreement to which the Company is a party or by which the
      Company is bound.  No consent (including, without limitation, from
      stock holders or creditors of the Company) is required for the Company to enter
      into and perform its obligations hereunder.

     

    (h)  The
      Company shall at all times maintain the liens and Security Interest provided
      for
      hereunder as valid and perfected first priority liens and security interests
      in
      the Intellectual Property to the extent they can be perfected by filing in
      favor
      of the Secured Party until this Agreement and the Security Interest hereunder
      shall terminate pursuant to Section 11.  The Company hereby agrees to
      defend the same against any and all persons.  The Company shall
      safeguard and protect all Intellectual Property for the account of the Secured
      Party.  Without limiting the generality of the foregoing, the Company
      shall pay all fees, taxes and other amounts necessary to maintain the
      Intellectual Property and the Security Interest hereunder, and the Company
      shall
      obtain and furnish to the Secured Party from time to time, upon demand, such
      releases and/or subordinations of claims and liens which may be required to
      maintain the priority of the Security Interest hereunder.

     

    (i)  The
      Company will not transfer, pledge, hypothecate, encumber, license (except for
      non-exclusive licenses granted by the Company in the ordinary course of
      business), sell or otherwise dispose of any of the Intellectual Property without
      the prior written consent of the Secured Party, which consent will not be
      unreasonably withheld.

     

    (j)  The
      Company shall, within ten (10) days of obtaining knowledge thereof, advise
      the
      Secured Party promptly, in sufficient detail, of any substantial change in
      the
      Intellectual Property, and of the occurrence of any event which would have
      a
      material adverse effect on the value of the Intellectual Property or on the
      Secured Party’s security interest therein.

     

    (k)  The
      Company shall permit the Secured Party and its representatives and agents to
      inspect the Intellectual Property at any time, and to make copies of records
      pertaining to the Intellectual Property as may be requested by the Secured
      Party
      from time to time; provided however, that the Secured Party shall not publicly
      disclose any information which the Company advises the Secured Party is
      confidential.

     

    (l)  The
      Company will take all steps reasonably necessary to diligently pursue and seek
      to preserve, enforce and collect any rights, claims, causes of action and
      accounts receivable in respect of the Intellectual Property.

     

    (m)  The
      Company shall promptly notify the Secured Party in sufficient detail upon
      becoming aware of any attachment, garnishment, execution or other legal process
      levied against any Intellectual Property and of any other information received
      by the Company that may materially affect the value of the Intellectual
      Property, the Security Interest or the rights and remedies of the Secured Party
      hereunder.

     

    (n)  All
      information heretofore, herein or hereafter supplied to the Secured Party by
      or
      on behalf of the Company with respect to the Intellectual Property is accurate
      and complete in all material respects as of the date furnished.

     

    (o)  Schedule
      A attached hereto contains a list of all of the subsidiaries of
      Company.

     

    (p)  Schedule
      B attached hereto includes all Licenses, and all Patents and Patent
      Licenses, if any, owned by the Company in its own name as of the date
      hereof.  Schedule B hereto includes all Trademarks and
      Trademark Licenses, if any, owned by the Company in its own name as of the
      date
      hereof.  Schedule B hereto includes all Copyrights and
      Copyright Licenses, if any, owned by the Company in its own name as of the
      date
      hereof.  Schedule B hereto includes all Trade Secrets and Trade
      Secret Licenses, if any, owned by the Company as of the date
      hereof.  To the best of the Company’s knowledge, each License, Patent,
      Trademark, Copyright and Trade Secret is valid, subsisting, unexpired,
      enforceable and has not been abandoned.  Except as set forth in
Schedule B, none of such Licenses, Patents, Trademarks, Copyrights and
      Trade Secrets is the subject of any licensing or franchise
      agreement.  To the best of the Company’s knowledge, no holding,
      decision or judgment has been rendered by any Governmental Body which would
      limit, cancel or question the validity of any License, Patent, Trademark,
      Copyright and Trade Secrets .  Except as set forth in Schedule
      B, no action or proceeding is pending (i) seeking to limit, cancel or
      question the validity of any License, Patent, Trademark, Copyright or Trade
      Secret, or (ii) which, if adversely determined, would have a material adverse
      effect on the value of any License, Patent, Trademark, Copyright or Trade
      Secret.  The Company has used and will continue to use for the
      duration of this Agreement, proper statutory notice in connection with its
      use
      of the Patents, Trademarks and Copyrights and consistent standards of quality
      in
      products leased or sold under the Patents, Trademarks and
      Copyrights.

     

    (q)  With
      respect to any Intellectual Property:

     

    
      	
              (i)  

            	
              such
                Intellectual Property is subsisting and has not been adjudged invalid
                or
                unenforceable, in whole or in part;

            

    

     

    
      	
              (ii)  

            	
              such
                Intellectual Property is valid and
                enforceable;

            

    

     

    
      	
              (iii)  

            	
              the
                Company has made all necessary filings and recordations to protect
                its
                interest in such Intellectual Property, including, without limitation,
                recordations of all of its interests in the Patents, Patent Licenses,
                Trademarks and Trademark Licenses in the United States Patent and
                Trademark Office and in corresponding offices throughout the world
                and its
                claims to the Copyrights and Copyright Licenses in the United States
                Copyright Office and in corresponding offices throughout the
                world;

            

    

     

    
      	
              (iv)  

            	
              other
                than as set forth in Schedule B, the Company is the exclusive owner
                of the entire and unencumbered right, title and interest in and to
                such
                Intellectual Property and no claim has been made that the use of
                such
                Intellectual Property infringes on the asserted rights of any third
                party;
                and

            

    

     

    
      	
              (v)  

            	
              the
                Company has performed and will continue to perform all acts and has
                paid
                all required fees and taxes to maintain each and every item of
                Intellectual Property in full force and effect throughout the world,
                as
                applicable.

            

    

     

    (r)  Except
      with respect to any Trademark or Copyright that the Company shall reasonably
      determine is of negligible economic value to the Company, the Company
      shall:

     

    (i)  maintain
      each Trademark and Copyright in full force free from any claim of abandonment
      for non-use, maintain as in the past the quality of products and services
      offered under such Trademark or Copyright;  employ such Trademark or
      Copyright with the appropriate notice of registration; not adopt or use any
      mark
      which is confusingly similar or a colorable imitation of such Trademark or
      Copyright unless the Secured Party shall obtain a perfected security interest
      in
      such mark pursuant to this Agreement; and not (and not permit any licensee
      or
      sublicensee thereof to) do any act or knowingly omit to do any act whereby
      any
      Trademark or Copyright may become invalidated;

     

    (ii)  not,
      except with respect to any Patent that it shall reasonably determine is of
      negligible economic value to it, do any act, or omit to do any act, whereby
      any
      Patent may become abandoned or dedicated; and

     

    (iii)  notify
      the Secured Party immediately if it knows, or has reason to know, that any
      application or registration relating to any Patent, Trademark or Copyright
      may
      become abandoned or dedicated, or of any adverse determination or development
      (including, without limitation, the institution of, or any such determination
      or
      development in, any proceeding in the United States Patent and Trademark Office,
      United States Copyright Office or any court or tribunal in any country)
      regarding its ownership of any Patent, Trademark or Copyright or its right
      to
      register the same or to keep and maintain the same.

     

    (s)  Whenever
      the Company, either by itself or through any agent, employee, licensee or
      designee, shall file an application for the registration of any Patent,
      Trademark or Copyright with the United States Patent and Trademark Office,
      United States Copyright Office or any similar office or agency in any other
      country or any political subdivision thereof or acquire rights to any new
      Patent, Trademark or Copyright whether or not registered, report such filing
      to
      the Secured Party within five business days after the last day of the fiscal
      quarter in which such filing occurs.

     

    (t)  The
      Company shall take all reasonable and necessary steps, including, without
      limitation, in any proceeding before the United States Patent and Trademark
      Office, United States Copyright Office or any similar office or agency in any
      other country or any political subdivision thereof, to maintain and pursue
      each
      application (and to obtain the relevant registration) and to maintain each
      registration of the Patents, Trademarks and Copyrights, including, without
      limitation, filing of applications for renewal, affidavits of use and affidavits
      of incontestability.

     

    (u)  In
      the event that any Patent, Trademark or Copyright included in the Intellectual
      Property is infringed, misappropriated or diluted by a third party, promptly
      notify the Secured Party after it learns thereof and shall, unless it shall
      reasonably determine that such Patent, Trademark or Copyright is of negligible
      economic value to it, which determination it shall promptly report to the
      Secured Party, promptly sue for infringement, misappropriation or dilution,
      to
      seek injunctive relief where appropriate and to recover any and all damages
      for
      such infringement, misappropriation or dilution, or take such other actions
      as
      it shall reasonably deem appropriate under the circumstances to protect such
      Patent, Trademark or Copyright.  If the Company lacks the financial
      resources to comply with this Section 3(t), the Company shall so notify the
      Secured Party and shall cooperate fully with any enforcement action undertaken
      by the Secured Party on behalf of the Company.

     

    4.  Defaults.  The
      following events shall be “Events of Default”:

     

    (a)  The
      occurrence of an Event of Default (as defined in the Notes) under the
      Notes;

     

    (b)  Any
      representation or warranty of the Company in this Agreement or in the Security
      Agreement shall prove to have been incorrect in any material respect when
      made;

     

    (c)  The
      failure by the Company to observe or perform any of its obligations hereunder
      or
      in the Security Agreement for ten (10) days after receipt by the Company of
      notice of such failure from the Secured Party; and

     

    (d)  Any
      breach of, or default under, the Warrants.

     

    5.  Duty
      To Hold In Trust.  Upon the occurrence of any Event of Default and
      at any time thereafter, the Company shall, upon receipt by it of any revenue,
      income or other sums subject to the Security Interest, whether payable pursuant
      to the Notes or otherwise, or of any check, draft, note, trade acceptance or
      other instrument evidencing an obligation to pay any such sum, hold the same
      in
      trust for the Secured Party and shall forthwith endorse and transfer any such
      sums or instruments, or both, to the Secured Party for application to the
      satisfaction of the Obligations.

     

    6.  Rights
      and Remedies Upon Default.  Upon occurrence of any Event of
      Default and at any time thereafter, the Secured Party shall have the right
      to
      exercise all of the remedies conferred hereunder and under the Notes, and the
      Secured Party shall have all the rights and remedies of a secured party under
      the UCC and/or any other applicable law (including the Uniform Commercial Code
      of any jurisdiction in which any Intellectual Property is then
      located).  Without limitation, the Secured Party shall have the
      following rights and powers:

     

    (a)  The
      Secured Party shall have the right to take possession of the Intellectual
      Property and, for that purpose, enter, with the aid and assistance of any
      person, any premises where the Intellectual Property, or any part thereof,
      is or
      may be placed and remove the same, and the Company shall assemble the
      Intellectual Property and make it available to the Secured Party at places
      which
      the Secured Party shall reasonably select, whether at the Company’s premises or
      elsewhere, and make available to the Secured Party, without rent, all of the
      Company’s respective premises and facilities for the purpose of the Secured
      Party taking possession of, removing or putting the Intellectual Property in
      saleable or disposable form.

     

    (b)  The
      Secured Party shall have the right to operate the business of the Company using
      the Intellectual Property and shall have the right to assign, sell, lease or
      otherwise dispose of and deliver all or any part of the Intellectual Property,
      at public or private sale or otherwise, either with or without special
      conditions or stipulations, for cash or on credit or for future delivery, in
      such parcel or parcels and at such time or times and at such place or places,
      and upon such terms and conditions as the Secured Party may deem commercially
      reasonable, all without (except as shall be required by applicable statute
      and
      cannot be waived) advertisement or demand upon or notice to the Company or
      right
      of redemption of the Company, which are hereby expressly waived.  Upon
      each such sale, lease, assignment or other transfer of Intellectual Property,
      the Secured Party may, unless prohibited by applicable law which cannot be
      waived, purchase all or any part of the Intellectual Property being sold, free
      from and discharged of all trusts, claims, right of redemption and equities
      of
      the Company, which are hereby waived and released.

     

    7.  Applications
      of Proceeds.  The proceeds of any such sale, lease or other
      disposition of the Intellectual Property hereunder shall be applied first,
      to
      the expenses of retaking, holding, storing, processing and preparing for sale,
      selling, and the like (including, without limitation, any taxes, fees and other
      costs incurred in connection therewith) of the Intellectual Property, to the
      reasonable attorneys’ fees and expenses incurred by the Secured Party in
      enforcing its rights hereunder and in connection with collecting, storing and
      disposing of the Intellectual Property, and then to satisfaction of the
      Obligations, and to the payment of any other amounts required by applicable
      law,
      after which the Secured Party shall pay to the Company any surplus
      proceeds.  If, upon the sale, license or other disposition of the
      Intellectual Property, the proceeds thereof are insufficient to pay all amounts
      to which the Secured Party is legally entitled, the Company will be liable
      for
      the deficiency, together with interest thereon, at the rate of 15% per annum
      (the “Default Rate”), and the reasonable fees of any attorneys employed
      by the Secured Party to collect such deficiency.  To the extent
      permitted by applicable law, the Company waives all claims, damages and demands
      against the Secured Party arising out of the repossession, removal, retention
      or
      sale of the Intellectual Property, unless due to the gross negligence or willful
      misconduct of the Secured Party.

     

    8.  Costs
      and
      Expenses.                                                      The
      Company agrees to pay all out-of-pocket fees, costs and expenses incurred in
      connection with any filing required hereunder, including without limitation,
      any
      financing statements, continuation statements, partial releases and/or
      termination statements related thereto or any expenses of any searches
      reasonably required by the Secured Party.  The Company shall also pay
      all other claims and charges which in the reasonable opinion of the Secured
      Party might prejudice, imperil or otherwise affect the Intellectual Property
      or
      the Security Interest therein.  The Company will also, upon demand,
      pay to the Secured Party the amount of any and all reasonable expenses,
      including the reasonable fees and expenses of its counsel and of any experts
      and
      agents, which the Secured Party may incur in connection with (i) the enforcement
      of this Agreement, (ii) the custody or preservation of, or the sale of,
      collection from, or other realization upon, any of the Intellectual Property,
      or
      (iii) the exercise or enforcement of any of the rights of the Secured Party
      under the Notes. Until so paid, any fees payable hereunder shall be added to
      the
      principal amount of the Notes and shall bear interest at the Default
      Rate.

     

    9.  Responsibility
      for Intellectual Property.  The Company assumes all liabilities
      and responsibility in connection with all Intellectual Property, and the
      obligations of the Company hereunder or under the Notes and the Warrants shall
      in no way be affected or diminished by reason of the loss, destruction, damage
      or theft of any of the Intellectual Property or its unavailability for any
      reason.

     

    10.  Security
      Interest Absolute.  All rights of the Secured Party and all
      Obligations of the Company hereunder, shall be absolute and unconditional,
      irrespective of: (a) any lack of validity or enforceability of this Agreement,
      the Notes, the Warrants or any agreement entered into in connection with the
      foregoing, or any portion hereof or thereof; (b) any change in the time, manner
      or place of payment or performance of, or in any other term of, all or any
      of
      the Obligations, or any other amendment or waiver of or any consent to any
      departure from the Notes, the Warrants  or any other agreement entered
      into in connection with the foregoing; (c) any exchange, release or
      nonperfection of any of the Intellectual Property, or any release or amendment
      or waiver of or consent to departure from any other Intellectual Property for,
      or any guaranty, or any other security, for all or any of the Obligations;
      (d)
      any action by the Secured Party to obtain, adjust, settle and cancel in its
      sole
      discretion any insurance claims or matters made or arising in connection with
      the Intellectual Property; or (e) any other circumstance which might otherwise
      constitute any legal or equitable defense available to the Company, or a
      discharge of all or any part of the Security Interest granted
      hereby.  Until the Obligations shall have been paid and performed in
      full, the rights of the Secured Party shall continue even if the Obligations
      are
      barred for any reason, including, without limitation, the running of the statute
      of limitations or bankruptcy.  The Company expressly waives
      presentment, protest, notice of protest, demand, notice of nonpayment and demand
      for performance. In the event that at any time any transfer of any Intellectual
      Property or any payment received by the Secured Party hereunder shall be deemed
      by final order of a court of competent jurisdiction to have been a voidable
      preference or fraudulent conveyance under the bankruptcy or insolvency laws
      of
      the United States, or shall be deemed to be otherwise due to any party other
      than the Secured Party, then, in any such event, the Company’s obligations
      hereunder shall survive cancellation of this Agreement, and shall not be
      discharged or satisfied by any prior payment thereof and/or cancellation of
      this
      Agreement, but shall remain a valid and binding obligation enforceable in
      accordance with the terms and provisions hereof.  The Company waives
      all right to require the Secured Party to proceed against any other person
      or to
      apply any Intellectual Property which the Secured Party may hold at any time, or
      to marshal assets, or to pursue any other remedy.  The Company waives
      any defense arising by reason of the application of the statute of limitations
      to any obligation secured hereby.

     

    11.  Term
      of Agreement.  This Agreement and the Security Interest shall
      terminate on the date on which all payments under the Notes have been made
      in
      full and all other Obligations have been paid or discharged.  Upon
      such termination, the Secured Party, at the request and at the expense of the
      Company, will join in executing any termination statement with respect to any
      financing statement executed and filed pursuant to this Agreement.

     

    12.  Power
      of Attorney; Further Assurances.

     

    (a)  The
      Company authorizes the Secured Party, and does hereby make, constitute and
      appoint it, and its respective officers, agents, successors or assigns with
      full
      power of substitution, as the Company’s true and lawful attorney-in-fact, with
      power, in its own name or in the name of the Company, to, after the occurrence
      and during the continuance of an Event of Default, (i) endorse any notes,
      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 Intellectual Property that may come into possession of the Secured Party;
      (ii) to sign and endorse any UCC financing statement or any invoice, freight
      or
      express bill, bill of lading, storage or warehouse receipts, drafts against
      debtors, assignments, verifications and notices in connection with accounts,
      and
      other documents relating to the Intellectual Property; (iii) to pay or discharge
      taxes, liens, security interests or other encumbrances at any time levied or
      placed on or threatened against the Intellectual Property; (iv) to demand,
      collect, receipt for, compromise, settle and sue for monies due in respect
      of
      the Intellectual Property; and (v) generally, to do, at the option of the
      Secured Party, and at the Company’s expense, at any time, or from time to time,
      all acts and things which the Secured Party deems necessary to protect, preserve
      and realize upon the Intellectual Property and the Security Interest granted
      therein in order to effect the intent of this Agreement, the Notes and the
      Warrants, all as fully and effectually as the Company might or could do; and
      the
      Company hereby ratifies all that said attorney 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.

     

    (b)  On
      a continuing basis, the Company will make, execute, acknowledge, deliver, file
      and record, as the case may be, in the proper filing and recording places in
      any
      jurisdiction, including, without limitation, the jurisdictions indicated on
      Schedule C, attached hereto, all such instruments, and take all such
      action as may reasonably be deemed necessary or advisable, or as reasonably
      requested by the Secured Party, to perfect the Security Interest granted
      hereunder and otherwise to carry out the intent and purposes of this Agreement,
      or for assuring and confirming to the Secured Party the grant or perfection
      of a
      security interest in all the Intellectual Property.

     

    (c)  The
      Company hereby irrevocably appoints the Secured Party as the Company’s
      attorney-in-fact, with full authority in the place and stead of the Company
      and
      in the name of the Company, from time to time in the Secured Party’s discretion,
      to take any action and to execute any instrument which the Secured Party may
      deem necessary or advisable to accomplish the purposes of this Agreement,
      including the filing, in its sole discretion, of one or more financing or
      continuation statements and amendments thereto, relative to any of the
      Intellectual Property without the signature of the Company where permitted
      by
      law.

     

    13.  Notices.  All
      notices, requests, demands and other communications hereunder shall be in
      writing, with copies to all the other parties hereto, and shall be deemed to
      have been duly given when (i) if delivered by hand, upon receipt, (ii) if sent
      by facsimile, upon receipt of proof of sending thereof, (iii) if sent by
      nationally recognized overnight delivery service (receipt requested), the next
      business day or (iv) if mailed by first-class registered or certified mail,
      return receipt requested, postage prepaid, four days after posting in the U.S.
      mails, in each case if delivered to the following addresses:

     

    
      	
              If
                to the Company:

            	
              Juniper
                Group, Inc.

            

    

     

    
      	
               

            	
              20283
                State Road, Suite 400

            

    

     

    
      	
               

            	
              Boca
                Raton, Florida  33498

            

    

     

    
      	
               

            	
              Attention:  Chief
                Executive Officer

            

    

     

    
      	
               

            	
              Telephone:  (561)
                482-9327

            

    

     

    
      	
               

            	
              Facsimile:   (561)
                482-9328

            

    

     

    

     

    With
      a copy
      to:                                   
Sichenzia Ross Friedman Ference LLP

    1065
      Avenue of the Americas

    New
      York, NY  10018

    Attention:   Gregory
      Sichenzia, Esq.

    Telephone:  (212)
      930-9700

    Facsimile:   (212)
      930-9725

     

    

     

    

    
      	
              If
                to the Secured Party:

            	
              AJW
                Partners, LLC

            

    

     

    
      	
               

            	
              AJW
                Master Fund, Ltd.

            

    

     

    
      	
               

            	
              New
                Millennium Capital Partners II, LLC

            

    

     

    
      	
               

            	
              1044
                Northern Boulevard

            

    

     

    
      	
               

            	
              Suite
                302

            

    

     

    
      	
               

            	
              Roslyn,
                New York 11576

            

    

     

    
      	
               

            	
              Attention:  Corey
                Ribotsky

            

    

     

    
      	
               

            	
              Facsimile:  516-739-7115

            

    

     

    

     

    With
      copies
      to:                                    Ballard
      Spahr Andrews & Ingersoll, LLP

    1735
      Market Street, 51st
      Floor

    Philadelphia,
      Pennsylvania  19103

    Attention:  Gerald
      J. Guarcini, Esquire

    Facsimile:  215-864-8999

     

    14.  Other
      Security.  To the extent that the Obligations are now or hereafter
      secured by property other than the Intellectual Property or by the guarantee,
      endorsement or property of any other person, firm, corporation or other entity,
      then the Secured Party shall have the right, in its sole discretion, to pursue,
      relinquish, subordinate, modify or take any other action with respect thereto,
      without in any way modifying or affecting any of the Secured Party’s rights and
      remedies hereunder.

     

    15.  Miscellaneous.

     

    (a)  No
      course of dealing between the Company and the Secured Party, nor any failure
      to
      exercise, nor any delay in exercising, on the part of the Secured Party, any
      right, power or privilege hereunder or under the Notes shall operate as a waiver
      thereof; nor shall any single or partial exercise of any right, power or
      privilege hereunder or thereunder preclude any other or further exercise thereof
      or the exercise of any other right, power or privilege.

     

    (b)  All
      of the rights and remedies of the Secured Party with respect to the Intellectual
      Property, whether established hereby or by the Notes or by any other agreements,
      instruments or documents or by law shall be cumulative and may be exercised
      singly or concurrently.

     

    (c)  This
      Agreement and the Security Agreement constitute the entire agreement of the
      parties with respect to the subject matter hereof and is intended to supersede
      all prior negotiations, understandings and agreements with respect
      thereto.  Except as specifically set forth in this Agreement, no
      provision of this Agreement may be modified or amended except by a written
      agreement specifically referring to this Agreement and signed by the parties
      hereto.

     

    (d)  In
      the event that any provision of this Agreement is held to be invalid, prohibited
      or unenforceable in any jurisdiction for any reason, unless such provision
      is
      narrowed by judicial construction, this Agreement shall, as to such
      jurisdiction, be construed as if such invalid, prohibited or unenforceable
      provision had been more narrowly drawn so as not to be invalid, prohibited
      or
      unenforceable.  If, notwithstanding the foregoing, any provision of
      this Agreement is held to be invalid, prohibited or unenforceable in any
      jurisdiction, such provision, as to such jurisdiction, shall be ineffective
      to
      the extent of such invalidity, prohibition or unenforceability without
      invalidating the remaining portion of such provision or the other provisions
      of
      this Agreement and without affecting the validity or enforceability of such
      provision or the other provisions of this Agreement in any other
      jurisdiction.

     

    (e)  No
      waiver of any breach or default or any right under this Agreement shall be
      considered valid unless in writing and signed by the party giving such waiver,
      and no such waiver shall be deemed a waiver of any subsequent breach or default
      or right, whether of the same or similar nature or otherwise.

     

    (f)  This
      Agreement shall be binding upon and inure to the benefit of each party hereto
      and its successors and assigns.

     

    (g)  Each
      party shall take such further action and execute and deliver such further
      documents as may be necessary or appropriate in order to carry out the
      provisions and purposes of this Agreement.

     

    (h)  This
      Agreement shall be construed in accordance with the laws of the State of New
      York, except to the extent the validity, perfection or enforcement of a security
      interest hereunder in respect of any particular Intellectual Property which
      are
      governed by a jurisdiction other than the State of New York in which case such
      law shall govern.  Each of the parties hereto irrevocably submit to
      the exclusive jurisdiction of any New York State or United States Federal court
      sitting in Manhattan county over any action or proceeding arising out of or
      relating to this Agreement, and the parties hereto hereby irrevocably agree
      that
      all claims in respect of such action or proceeding may be heard and determined
      in such New York State or Federal court.  The parties hereto agree
      that a final judgment in any such action or proceeding shall be conclusive
      and
      may be enforced in other jurisdictions by suit on the judgment or in any other
      manner provided by law.  The parties hereto further waive any
      objection to venue in the State of New York and any objection to an action
      or
      proceeding in the State of New York on the basis of forum non
      conveniens.

     

    (i)  EACH
      PARTY HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF
      ANY
      CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS
      AGREEMENT.  THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL
      ENCOMPASSING OF ANY DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE
      TO
      THE SUBJECT MATER OF THIS AGREEMENT, INCLUDING WITHOUT LIMITATION CONTRACT
      CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND
      STATUTORY CLAIMS.  EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS
      A MATERIAL INDUCEMENT FOR EACH PARTY TO ENTER INTO A BUSINESS RELATIONSHIP,
      THAT
      EACH PARTY HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT
      AND
      THAT EACH PARTY WILL CONTINUE TO RELY ON THIS WAIVER IN THEIR RELATED FUTURE
      DEALINGS. EACH PARTY FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS
      WAIVER WITH ITS LEGAL COUNSEL, AND THAT SUCH PARTY HAS KNOWINGLY AND VOLUNTARILY
      WAIVES ITS RIGHTS TO A JURY TRIAL FOLLOWING SUCH CONSULTATION.  THIS
      WAIVER IS IRREVOCABLE, MEANING THAT, NOTWITHSTANDING ANYTHING HEREIN TO THE
      CONTRARY, IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER
      SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS AND SUPPLEMENTS OR
      MODIFICATIONS TO THIS AGREEMENT.  IN THE EVENT OF A LITIGATION, THIS
      AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE
      COURT.

     

    (j)  This
      Agreement may be executed in any number of counterparts, each of which when
      so
      executed shall be deemed to be an original and, all of which taken together
      shall constitute one and the same Agreement.  In the event that any
      signature is delivered by facsimile transmission, such signature shall create
      a
      valid 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 were the original thereof.

     

    [REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK]

    IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
      executed on the day and year first above written.

     

     

    JUNIPER
      GROUP, INC.

     

    By:  /s/
      Vlado
      P. Hreljanovic
       

    

    _____________________________________

    Vlado
      P. Hreljanovic

     

    Chief
      Executive Officer

     

    

     

    AJW
      PARTNERS, LLC

     

    By:
      SMS Group, LLC

     

    
      	
               

            	
              By:  /s/
                Corey
                S. Ribotsky

              _____________________________________

            

    

     

    
      	
               

            	
              Corey
                S. Ribotsky

            

    

     

    
      	
               

            	
              Manager

            

    

     

    

     

    AJW
      MASTER FUND, LTD.

     

    By:  First
      Street Manager II, LLC

     

    
      	
               

            	
              By: /s/
                Corey
                S. Ribotsky

               _____________________________________

            

    

     

    
      	
               

            	
              Corey
                S. Ribotsky

            

    

     

    
      	
               

            	
              Manager

            

    

     

    

     

    

    
      	
               

            	
              NEW
                MILLENNIUM CAPITAL PARTNERS II, LLC

            

    

    
      	
               

            	
              By:  First
                Street Manager II, LLC

            

    

     

    By:  /s/
      Corey
      S. Ribotsky

     

                                Corey
      S.
      Ribotsky

     

    Manager

     

    

     

    SCHEDULE
      A

     

    Principal
      Place of Business of the Company:

     

    

     

    

    Locations
      Where Intellectual Property is Located or Stored:

     

    

    

    

    List
      of Subsidiaries of the Company:

     

    

     

    SCHEDULE
      B

     

    

    A.  Licenses,
      Patents and Patent Licenses

     

    

             Application  or                                      Registration
      or

     

    
      	
               

            	
              Patent

            	
               Registration
                No.

            	
              Country

            	
              Filing
                Date

            

    

    

    

    

    B.  Trademarks
      and Trademark Licenses

     

    Registration
      or

     

    
      	
               

            	
              Trademark

            	
              Application
                or Registration No.

            	
              Country

            	
              Filing
                Date

            

    

    

    

    

    

    C.  Copyrights
      and Copyright Licenses

     

    

    

    D.  Trade
      Secrets and Trade Secret Licenses

     

    

    

    

    

    

    

    

    

    SCHEDULE
      C

    

    Jurisdictions:

     

    

     

    

     

    

     

    SCHEDULE
      D

     

    Liens,
      interests, encumbrances, rights or claims against the
      Collateral

     

    

     

    Financing
      statement, security agreement, license or transfer covering or affecting the
      Collateral

     

    

     

    Any
      financing Statement

     

    

     

    Breach
      or default under any agreement to which the Company is bound

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}]]