Document:

EXHIBIT 4.2

                               SECURITY AGREEMENT

      This Security Agreement (this "Agreement") is made and entered into as of
April 22, 2005, by and between theglobe.com, inc., a Delaware corporation
("theglobe"), Strategy Plus, Inc., a Vermont corporation ("Strategy"), Voiceglo
Holdings, Inc., a Delaware corporation ("Voiceglo"), Chips & Bits, Inc., a
Vermont corporation ("Chips"), Direct Partner Telecom, Inc., a Florida
corporation ("Direct"), TC Acquisition Holdings Corp., a Delaware corporation
("TC"), and SendTec, Inc., a Florida corporation ("SendTec")(Strategy, Voiceglo,
Chips, Direct, TC and SendTec are sometimes collectively referred to herein as
the "Subsidiaries," and together with theglobe, as the "Grantors"), and the
Investors listed from time to time on Schedule A of the Note Purchase Agreement
referred to below (collectively, "Secured Parties").

                                    RECITALS

      A. Pursuant to that certain Note Purchase Agreement dated as of April 22,
2005 by and between theglobe and the Secured Parties (the "Note Purchase
Agreement"), Secured Parties have made certain advances of money to Grantors in
the amounts and manner set forth in the Note Purchase Agreement (collectively,
the "Loans") and as represented by one or more Demand Secured Convertible
Promissory Notes issued by theglobe (the "Convertible Notes"). For purposes of
this Agreement, the holders of Notes representing at least a majority of the
outstanding principal of all the Notes in the aggregate issued pursuant to the
Note Purchase Agreement are referred to herein as the "Majority Holders."

      B. In order to induce the Secured Parties to enter into the Note Purchase
Agreement and in furtherance of covenants and undertakings pursuant to the Note
Purchase Agreement, the Subsidiaries entered into an Unconditional Guaranty
Agreement (the "Guaranty") pursuant to which each agreed to guaranty the
obligations of theglobe under the Note Purchase Agreement, the promissory notes
issued thereunder and related documentation and agreed to secure such Guaranty
with a lien on their respective assets as provided herein (the Note Purchase
Agreement, promissory notes, Guaranty and this Agreement are sometimes
collectively referred to herein as the "Transaction Documents");

      C. Subsidiaries acknowledge that they will substantially benefit,
economically and otherwise, from the theglobe executing the Note Purchase
Agreement and the proceeds of the loan derived therefrom;

      D. Grantors wish to secure performance and payment of all obligations
under the Transaction Documents (the "Obligations") to the Secured Parties
pursuant to the Transaction Documents, this Agreement or otherwise, with all of
their tangible and intangible assets, including without limitation, goodwill,
intellectual property and Grantors' contractual rights with third parties, all
as further described on Exhibit A attached hereto. All terms used without
definition in this Agreement shall have the meaning assigned to them in the Note
Purchase Agreement. All terms used without definition in this Agreement or in
the Note Purchase Agreement shall have the meaning assigned to them in the UCC.

<PAGE>

      E. Secured Parties are willing to make the Loans to theglobe, but only
upon the condition, among others, that the Grantors shall have executed and
delivered to Secured Parties this Agreement.

      NOW, THEREFORE, Grantors and the Secured Parties agree as follows:

      1. Grant of Security Interest. To secure all of the Obligations, Grantors
grant to Secured Parties a security interest in the property described in
Exhibit A (the "Collateral").

      2. Grantors' Representations and Warranties. Grantors represent, warrant,
and covenant, jointly and severally, as follows:

            (a) Authorization. Grantors have authority and have obtained all
approvals and consents necessary to enter into this Agreement, and Grantors'
execution, delivery and performance of this Agreement will not violate or
conflict with the terms of Grantors' Certificates of Incorporation or Bylaws or
any statute, regulation, ordinance, rule of law, agreement, contract, mortgage,
indenture, bond, bill, note, or other instrument or writing binding upon
Grantors or to which Grantors are subject.

            (b) Title. The Collateral is owned by the Grantors and is free of
all liens, encumbrances and other security interests, other than the lien of
this Agreement and the liens set forth on Exhibit B attached hereto
(collectively, "Permitted Liens").

            (c) Further Representations. Grantors further represent, warrant,
and covenant that (i) Grantors are not in default under any agreement under
which Grantors owe any money, or any agreement, the violation or termination of
which could reasonably be expected to have a material adverse effect on the
Grantors; (ii) the information, if any, provided by the Grantors to Secured
Parties pursuant to a request for such information from any Secured Party on or
prior to the date of this Agreement is true and correct in all material
respects; (iii) all financial statements and other information provided to any
Secured Party, if any, fairly present Grantors' financial condition as at the
respective dates thereof, and there has not been a material adverse change in
the financial condition of the Grantors since the date of the most recent of the
financial statements submitted to any Secured Party; (iv) Grantors are in
compliance with all laws and orders applicable to it where the failure to so
comply could reasonably be expected to have a material adverse effect on the
Grantors; (v) Grantors are not party to any litigation and are not, to their
knowledge the subject of any government investigation, and the Grantors have no
knowledge of any pending litigation or investigation or the existence of
circumstances that reasonably could be expected to give rise to such litigation
or investigation; (vi) Grantors' principal place of business is located at the
address specified in Section 9; and (vii) the representations and other
statements made by the Grantors to Secured Parties, do not, taken as a whole,
contain any untrue statement of a material fact or omit to state a material fact
necessary to make any statements made to Secured Parties not misleading.

      3. Covenants.

            (a) Encumbrances. The Grantors shall not grant an additional
security interest in any of the Collateral or execute any financing statements
covering any of the Collateral in favor of any person or entity other than
Secured Parties, without the prior written consent of the Majority Holders.

<PAGE>

            (b) Use of Collateral. The Collateral will not be used for any
unlawful purpose or in any way that will void any insurance required to be
carried in connection therewith. Grantors will keep the Collateral free and
clear of liens (other than Permitted Liens) and, as appropriate and applicable,
will keep it in good condition and repair, and will clean, shelter, and
otherwise care for the Collateral in all such ways as are considered good
practice by owners of like property.

            (c) Indemnification. Grantors shall indemnify Secured Parties
against all losses, claims, demands and liabilities of any kind caused by the
Collateral.

            (d) Perfection of Security Interest. Grantors shall execute and
deliver such documents, including without limitation, mortgages, collateral
assignments and UCCs, as any Secured Party reasonably deems necessary to create,
perfect and continue the security interest in the Collateral contemplated
hereby.

            (e) Insurance of Collateral. Grantors, at their expense, shall keep
the Collateral insured against loss or damage by fire, theft, explosion,
sprinklers, and all other hazards and risks, and in such amounts, as are
ordinarily insured against by other owners in similar businesses conducted in
the locations where Grantors' business is conducted on the date hereof. Grantors
shall also maintain insurance relating to Grantors' ownership and use of the
Collateral in amounts and of a type that are customary to businesses similar to
Grantors.

            (f) Inventory. As to Collateral which is Inventory, Grantors agrees
(a) to the extent held in any warehouse or other third party storage facility,
to deliver immediately to Secured Parties or Secured Parties' nominee all
warehouse receipts or other documents otherwise entitling Grantors to possession
of the Collateral, (b) to execute and deliver to Secured Parties such financing
statements as any Secured Party may request with respect to the Inventory, (c)
to take such other steps as Secured Parties may from time to time reasonably
request to perfect Secured Parties' security interest in the Inventory under
applicable law, including, with respect to any portion of the Inventory held by,
or in the possession or under the control of any person or entity other than
Grantors, to obtain the agreement of such person or entity that Secured Parties
have a first priority security interest in the Inventory and that Secured
Parties may take or otherwise exercise control over such Inventory, free and
clear of any claims of such person or entity.

            (g) Binding Agreement. Anything herein to the contrary
notwithstanding, (i) Grantors shall remain liable under the contracts and
agreements included in the Collateral to the extent set forth therein to perform
all of its duties and obligations thereunder to the same extent as if this
Agreement had not been executed; (ii) the exercise by Secured Parties of any of
the rights granted hereunder shall not release Grantors from any of their duties
or obligations under the contracts and agreements included in the Collateral;
and (iii) Secured Parties shall not have any obligation or liability under the
contracts and agreements included in the Collateral by reason of this Agreement,
nor shall Secured Parties be obligated to perform any of the obligations or
duties of the Grantors thereunder or to take any action to collect or enforce
any claim for payment assigned hereunder.

<PAGE>

            (h) Instruments. Grantors will deliver and pledge to Secured Parties
all Instruments that are part of the Collateral duly endorsed and accompanied by
duly executed instruments of transfer or assignment, all in form and substance
satisfactory to the Majority Holders on behalf of the Secured Parties.

            (i) Records. Grantors shall prepare and keep, in accordance with
generally accepted accounting principles consistently applied, complete and
accurate records regarding the Collateral and, if and when requested by a
Secured Party, shall prepare and deliver a complete and accurate schedule of all
the Collateral in such detail as a Secured Party may reasonably require.

            (j) Inspection of Grantors' Books. Grantors shall permit Secured
Parties or its designee at reasonable times and from time to time to inspect
Grantors' books, records and properties and to audit and to make copies of
extracts from such books and records.

            (k) Fees and Costs. Grantors shall pay all expenses, including
reasonable attorneys' fees, incurred by Secured Parties in the preservation,
realization, enforcement or exercise of any Secured Party's rights under this
Agreement.

            (l) Further Actions and Assurances. At any time and from time to
time, upon the written request of a Secured Party, and at the sole expense of
the Grantors, Grantors shall promptly and duly execute and deliver any and all
such further instruments and documents and take such further action as the
Majority Holders may reasonably deem desirable to obtain the full benefits of
this Agreement and of the rights and powers herein granted, including, without
limitation, (i) to secure all consents and approvals necessary or appropriate
for the grant of a security interest to Secured Parties in any Collateral held
by Grantors or in which Grantors have any rights not heretofore assigned, (ii)
filing any financing or continuation statements under the UCC with respect to
the security interests granted hereby, (iii) transferring Collateral to Secured
Parties' possession (if a security interest in such Collateral can be perfected
by possession), (iv) placing the interest of Secured Parties as lienholder on
the certificate of title (or other evidence of ownership) of any vehicle owned
by the Grantors or in or with respect to which the Grantors hold a beneficial
interest, (v) using its best efforts to obtain waivers of liens from landlords
and mortgagees, (vi) causing each wholly-owned or majority-owned subsidiary
which becomes a subsidiary of theglobe after the effective date hereof to (A)
join in the Guaranty as an additional guarantor and (B) join in this Agreement
as an additional "Subsidiary" and "Grantor" within the meaning hereof, including
without limitation, Tralliance Corporation in the event it shall hereinafter
become a Subsidiary of theglobe as a result of exercise of any of the Grantor's
rights to acquire such entity (the "Tralliance Option"); (vii) executing,
delivering and filing all necessary mortgages to reflect the Secured Parties
security interest in any real property; and (viii) executing, delivering and
filing any and all Collateral Assignments and other instruments necessary to
perfect the Secured Parties security interest in any other form of property,
including without limitation, Collateral Assignments with respect to all patents
and patent applications. Where permitted by applicable law, Grantors also hereby
authorize Secured Parties to file any financing or continuation statement
without the signature of Grantors. If any amount payable under or in connection
with any of the Collateral is or shall become evidenced by any Instrument, such
Instrument, other than checks and notes received in the ordinary course of
business, shall be duly endorsed in a manner satisfactory to Secured Parties and
delivered to Secured Parties promptly upon Grantors' receipt thereof.

<PAGE>

      4. Events of Default. The occurrence of (i) any breach or default under
the Note Purchase Agreement (or any promissory note or other agreement or
instrument delivered in connection therewith, the Transaction Documents) (after
giving affect to any applicable notice and cure period thereunder) or (ii) the
breach of any representation under this Agreement (after notice of any such
breach from the Majority Holders and expiration of a fifteen (15) day cure
period without cure of such breach to the Majority Holders' satisfaction), or
the failure to perform any obligation under Section 3 of this Agreement, shall
constitute an "Event of Default" under this Agreement.

      5. Remedies on Default.

            (a) Upon the occurrence of an Event of Default, the Majority Holders
may declare all amounts outstanding under the Note Purchase Agreement to be
immediately due and payable, and thereupon all such amounts shall be and become
immediately due and payable to the Secured Parties. Secured Parties shall have
all rights, privileges, powers and remedies provided by law, any or all of which
shall be taken at the direction of the Majority Holders:

                  i. Secured Parties may gather, take possession of, and sell or
otherwise dispose of, the Collateral in accordance with applicable law; and

                  ii. Secured Parties may use, operate, consume and sell the
Collateral in its possession as appropriate for the purpose of performing
Grantors' obligations with respect thereto to the extent necessary to satisfy
the obligations of Grantors.

            (b) All payments received and amounts realized by Secured Parties
(or Lienholders, as applicable) shall be promptly applied and distributed by the
Secured Parties (or Lienholders, as applicable) in the following order of
priority:

                  i. first, to the payment of all costs and expenses, including
reasonable legal expenses and attorneys fees, incurred or made hereunder by
Secured Parties (or the Lienholders, as applicable), including any such costs
and expenses of foreclosure or suit, if any, and of any sale or the exercise of
any other remedy under this Section 5, and of all taxes, assessments or liens
superior to the lien granted under this Agreement;

                  ii. second, to payment to the Secured Parties (up to the
amount then owing under the Note Purchase Agreement) on a pro rata basis, based
upon the respective amount of principal and interest then outstanding to all of
such Parties; and

                  iii. third, to the Grantors (to the extent of any surplus).

      6. Power of Attorney. Following an Event of Default, Grantors hereby
appoint Secured Parties, its attorney-in-fact to prepare, sign and file or
record, for Grantors in Grantors' name, any financing statements, applications
for registration and like papers and to take any other action deemed by the
Majority Holders as necessary or desirable in order to perfect the security
interest of the Secured Parties hereunder, to dispose of any Collateral, and to
perform any obligations of the Grantors hereunder, at Grantors' expense, but
without obligation to do so. Any proceeds received from the foregoing actions of
Secured Parties will be distributed in accordance with Section 5(d) of this
Agreement.

<PAGE>

      7. Remedies Cumulative. The Secured Parties' rights and remedies under
this Agreement and all other agreements shall be cumulative. Each Secured Party
shall have all other rights and remedies not inconsistent herewith as provided
under the Florida Uniform Commercial Code (the "UCC"), by law, or in equity;
provided, however, that all such acts shall be as directed by the Majority
Holders. No exercise by any Secured Party of one right or remedy shall be deemed
an election, and no waiver by any Secured Party of any Event of Default shall be
deemed a continuing waiver. No delay by any Secured Party shall constitute a
waiver, election, or acquiescence by it. No waiver by any Secured Party shall be
effective unless made in a written document signed on behalf of such Secured
Party and then shall be effective only in the specific instance and for the
specific purpose for which it was given.

      8. Grantors' Waivers. Secured Parties may, at their election, exercise or
decline or fail to exercise any right or remedy it may have against the Grantors
or any security held by Secured Parties, including without limitation the right
to foreclose upon any such security by judicial or nonjudicial sale, without
affecting or impairing in any way the liability of the Grantors hereunder.
Grantors waive any setoff, defense or counterclaim that the Grantors may have
against any Secured Party. Grantors waive any defense arising out of the
absence, impairment or loss of any right of reimbursement or subrogation or any
other rights against the Grantors. Grantors waive all rights to participate in
any security now or hereafter held by Secured Parties. Grantors waive all
presentments, demands for performance, notices of nonperformance, protests,
notices of protest, notices of dishonor, and notices of acceptance of this
Agreement and of the existence, creation, or incurring of new or additional
indebtedness. Grantors acknowledge and agree that their obligations hereunder
shall be unaffected by any release of any particular Grantor, or any particular
Collateral, from the provisions of this Agreement by the Majority Holders on
behalf of the Secured Parties.

      9. Notices. Unless otherwise provided in this Agreement, all notices or
demands by any party relating to this Agreement or any other agreement entered
into in connection herewith shall be in writing and (except for financial
statements and other informational documents which may be sent by first-class
mail, postage prepaid) shall be personally delivered or sent by a recognized
overnight delivery service, certified mail, postage prepaid, return receipt
requested, or by telefacsimile to the Grantors or to Secured Parties, as the
case may be, at its addresses set forth below:

<PAGE>

        If to Grantors:             theglobe.com, inc.
                                    Chips & Bits, Inc.
                                    Strategy Plus, Inc.
                                    Voiceglo Holdings, Inc.
                                    TC Acquisition Holdings Corp.
                                    Direct Partner Telecom, Inc.
                                    SendTec, Inc.
                                    110 East Broward Boulevard
                                    Suite 1400
                                    Fort Lauderdale, FL  33301
                                    Attn: Edward Cespedes
                                    FAX: (954) 769-5930
        with a copy to::

                                    Kimberly L. Barbar, Esq.
                                    Donald E. "Rocky" Thompson, II, Esq.
                                    Proskauer Rose LLP
                                    2255 Glades Road, Suite 340W
                                    Boca Raton, FL  33431
                                    FAX: (561) 241-7145

        If to a Secured Party:      such Party's name
                                    c/o theglobe.com, inc.
                                    110 E. Broward Boulevard
                                    14th Floor
                                    Fort Lauderdale, FL  33301
                                    Attn:  Edward A Cespedes
                                    FAX:  (954) 769-5930

      The parties hereto may change the address at which they are to receive
notices hereunder, by notice in writing in the foregoing manner given to the
other.

      10. Choice of Law and Venue; Jury Trial Waiver.

      This Agreement shall be governed by, and construed in accordance with, the
internal laws of the State of Florida, without regard to principles of conflicts
of law. Each of Grantors and Secured Parties acknowledge that a substantial
portion of negotiations and anticipated performance and execution of this
Agreement occurred or shall occur in Broward County, Florida, and that,
therefore, without limiting the jurisdiction or venue of any other federal or
state courts, each of the parties irrevocably and unconditionally (a) agrees
that any suit, action or legal proceeding arising out of or relating to this
Agreement may be brought in the courts of record of the State of Florida in
Broward County or the court of the United States, Southern District of Florida;
(b) consents to the jurisdiction of each such court in any suit, action or
proceeding; (c) waives any objection which it may have to the laying of the
venue of any such suit, action or proceeding in any of such courts; and (d)
agrees that service of any court paper may be effected on such party by mail, as
provided in this Agreement, or in such other manner as may be provided under
applicable laws or court rules in said state. GRANTORS AND SECURED PARTIES EACH
HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF
ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE LOAN DOCUMENTS
OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING CONTRACT CLAIMS, TORT
CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS.
EACH PARTY RECOGNIZES AND AGREES THAT THE FOREGOING WAIVER CONSTITUTES A
MATERIAL INDUCEMENT FOR IT TO ENTER INTO THIS AGREEMENT. EACH PARTY REPRESENTS
AND WARRANTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT
KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION
WITH LEGAL COUNSEL.

<PAGE>

      11. General Provisions.

            (a) Successors and Assigns. This Agreement shall bind and inure to
the benefit of the respective successors and permitted assigns of each of the
parties; provided, however, that neither this Agreement nor any rights hereunder
may be assigned by the Grantors without Secured Parties' prior written consent,
which consent may be granted or withheld in Secured Parties' sole discretion.
Each Secured Party shall have the right without the consent of or notice to the
Grantors to sell, transfer, negotiate, or grant participation in all or any part
of, or any interest in, such Secured Party's obligations, rights and benefits
hereunder.

            (b) Indemnification. Grantors shall defend, indemnify and hold
harmless Secured Parties and their respective officers, employees, and agents
against: (a) all obligations, demands, claims, and liabilities claimed or
asserted by any other party in connection with Grantors' failure to comply with
the terms of this Agreement; and (b) all losses or expenses in any way suffered,
incurred, or paid by any Secured Party as a result of or in any way arising out
of, following, or consequential to Grantors' failure to comply with the terms of
this Agreement (including without limitation reasonable attorneys fees and
expenses), except for losses caused by any Secured Party's gross negligence or
willful misconduct.

            (c) Time of Essence. Time is of the essence for the performance of
all obligations set forth in this Agreement.

            (d) Severability of Provisions. Each provision of this Agreement
shall be severable from every other provision of this Agreement for the purpose
of determining the legal enforceability of any specific provision.

            (e) Amendments in Writing, Integration. This Agreement cannot be
amended or terminated orally. All prior agreements, understandings,
representations, warranties, and negotiations between the parties hereto with
respect to the subject matter of this Agreement, if any, are merged into this
Agreement. Any term of this Agreement may be amended only with the written
consent of the Grantors and the Majority Holders. Any amendment or waiver
effected in accordance with this paragraph shall be binding upon the Grantors
and each Secured Party.

            (f) Counterparts. This Agreement may be executed in any number of
counterparts and by different parties on separate counterparts, each of which,
when executed and delivered, shall be deemed to be an original, and all of
which, when taken together, shall constitute but one and the same Agreement.

<PAGE>

            (g) Survival. All covenants, representations and warranties made in
this Agreement shall continue in full force and effect so long as any
Obligations remain outstanding or any Secured Party has any obligation to make
Credit Extensions to the Grantors. The obligations of the Grantors to indemnify
the Secured Parties with respect to the expenses, damages, losses, costs and
liabilities described in Section (b) shall survive until all applicable statute
of limitations periods with respect to actions that may be brought against any
Secured Party have run.

<PAGE>

      IN WITNESS WHEREOF, the parties have executed this Agreement on the date
set forth above.

GRANTORS:                                SECURED PARTIES:
                                         [As identified on the initial Schedule
theglobe.com, inc.                       A to the Note Purchase Agreement]

                                         E&C Capital Partners LLLP
By:_________________________________     By: E&C Capital Ventures, Inc.
Name:_______________________________
Title:______________________________
                                         By:____________________________________

Chips & Bits, Inc., a Vermont
  corporation                            E&C Capital Partners II, Ltd.
                                         By: E&C Capital Ventures, Inc.
By:_________________________________
Name:_______________________________
Title:______________________________
                                         By:____________________________________

Strategy Plus, Inc., a Vermont
corporation
                                         [The Secured Parties shall also include
By:_________________________________     any Investors who now or at anytime
Name:_______________________________     hereafter are listed on Schedule A to
Title:______________________________     the Note Purchase Agreement regardless
                                         of whether or not they sign this
                                         Agreement or any joinder to this
                                         Agreement

Voiceglo Holdings, Inc., a Delaware
  corporation

By:_________________________________
Name:_______________________________
Title:______________________________

TC Acquisition Holdings Corp., a
  Delaware corporation

By:_________________________________
Name:_______________________________
Title:______________________________

Direct Partner Telecom, Inc., a
Florida corporation

By:_________________________________
Name:_______________________________
Title:______________________________

SendTec, Inc., a Florida corporation

By:_________________________________
Name:_______________________________
Title:______________________________

<PAGE>

GRANTORS:

theglobe.com, inc., a Delaware corporation
Chips & Bits, Inc., a Vermont corporation
Strategy Plus, Inc., a Vermont corporation
Voiceglo Holdings, Inc., a Delaware corporation
TC Acquisition Holdings Corp., a Delaware corporation
Direct Partner Telecom, Inc., a Florida corporation
SendTec, Inc., a Florida corporation

<PAGE>

                                    EXHIBIT A
                        COLLATERAL DESCRIPTION ATTACHMENT
                           TO THIS SECURITY AGREEMENT

      All real and personal property of Grantors whether presently existing or
hereafter created or acquired, and wherever located, including, but not limited
to:

            (a) all accounts, chattel paper (including tangible and electronic
chattel paper), deposit accounts, documents (including negotiable documents),
contract rights (including the Tralliance Option), equipment (including all
accessions and additions thereto), general intangibles (including payment
intangibles and software), goods (including fixtures), instruments (including
promissory notes), inventory (including all goods held for sale or lease or to
be furnished under a contract of service, and including returns and
repossessions), investment property (including securities and securities
entitlements), letter of credit rights, money, and all of each Grantor's books
and records with respect to any of the foregoing, and the computers and
equipment containing said books and records;

            (b) all common law and statutory copyrights and copyright
registrations, applications for registration, now existing or hereafter arising,
in the United States of America or in any foreign jurisdiction, obtained or to
be obtained on or in connection with any of the forgoing, or any parts thereof
or any underlying or component elements of any of the forgoing, together with
the right to copyright and all rights to renew or extend such copyrights and the
right (but not the obligation) of Secured Parties to sue in their own name
and/or in the name of any Grantor for past, present and future infringements of
copyright;

            (c) all state and federal trademarks, service marks, trade names and
service names and the goodwill associated therewith, together with the right to
trademark and all rights to renew or extend such trademarks and the right (but
not the obligation) of Secured Parties to sue in its own name and/or in the name
of a Grantor for past, present and future infringements of trademark;

            (d) all (i) patents and patent applications filed in the United
States Patent and Trademark Office or any similar office of any foreign
jurisdiction, and interests under patent license agreements, including, without
limitation, the inventions and improvements described and claimed therein, (ii)
licenses pertaining to any patent whether a Grantor is licensor or licensee,
(iii) income, royalties, damages, payments, accounts and accounts receivable now
or hereafter due and/or payable under and with respect thereto, including,
without limitation, damages and payments for past, present or future
infringements thereof, (iv) right (but not the obligation) to sue in the name of
any Grantor and/or in the name of Secured Parties for past, present and future
infringements thereof, (v) rights corresponding thereto throughout the world in
all jurisdictions in which such patents have been issued or applied for, and
(vi) reissues, divisions, continuations, renewals, extensions and
continuations-in-part with respect to any of the foregoing; and

            (e) that certain real property located at 2520 Vermont Route 100,
North Rochester, Vermont 05767; and

            (f) any and all cash proceeds and/or noncash proceeds of any of the
foregoing, including, without limitation, insurance proceeds, and all supporting
obligations and the security therefor or for any right to payment. All terms
above have the meanings given to them in the Florida Uniform Commercial Code, as
amended or supplemented from time to time.

      Notwithstanding the foregoing, the term "Collateral" shall not include any
Equipment or rights of the Grantors as a lessee or licensee to the extent the
granting of a security interest therein would be contrary to the terms of such
lease or license or applicable law.

<PAGE>

                                    EXHIBIT B
                                 Permitted Liens

1. Any liens of landlords pursuant to the terms of the applicable lease or
pursuant to applicable law.

2. Liens reflected in UCCs as set forth below:

New York

File No.: 082606
File Date: 4/26/00
Expiration Date: 4/26/05
Debtor: theglobe.com, inc.
Secured Party: Dell Financial Services, L.P.
Collateral: Computer equipment

Florida -

File No.: 200202978611
File Date: 1/6/03
Expiration Date: 1/6/08
Debtor: Direct Partner Telecom, Inc.
Secured Party: CopperCom, Inc.
Collateral: CopperCom CSX2100 Switch with all related options, spares and
accessories delivered to INTERNAP at 75 Broad Street, 14th Floor, New York, NY
10004.

Vermont

File No.:  95-50878
File Date:  2/28/95
Continuation Filed:  10/4/04
Debtor:  Chips & Bits, Inc.
Secured Party:  Banknorth, N.A.
Collateral: All inventory, accounts and contract rights, whether any of the
foregoing is owned now or acquired later, all accessions, additions,
replacements, and substitutions relating to any of the foregoing, all records of
any kind relating to any of the foregoing, all proceeds relating to any of the
foregoing (including insurance, general intangibles and other accounts proceeds)

<PAGE>

3. With regard to the Vermont Real Property, the first mortgage of BankNorth NA
(as successor by merger to The Howard Bank NA), together with such other
permitted liens (other than with respect to the borrowing of additional
indebtedness) as may be permitted by the first mortgage.EXHIBIT 4.3

                        UNCONDITIONAL GUARANTY AGREEMENT

      This Unconditional Guaranty Agreement (this "Guaranty") is given this 22nd
day of April, 2005, by Chips & Bits, Inc., a Vermont corporation, Strategy Plus,
Inc., a Vermont corporation, Voiceglo Holdings, Inc., a Delaware corporation,
Direct Partner Telecom, Inc., a Florida corporation, TC Acquisition Holdings
Corp., a Delaware corporation, and SendTec, Inc., a Florida corporation (each a
"Guarantor" and collectively, the "Guarantor"`) in conjunction with that certain
Note Purchase Agreement dated April 22, 2005, (the "Note Purchase Agreement") by
and between theglobe.com, inc., a Delaware corporation (the "Borrower") and the
Investors listed on Schedule "A" attached thereto, as the same may be updated
from time to time in accordance with the provisions of such Agreement (the
"Investors").

                              W I T N E S S E T H:

      A. In order to induce Investors to enter into the Note Purchase Agreement
and in furtherance of covenants and undertakings pursuant to that certain Note
Purchase Agreement, each Guarantor does hereby undertake and agree that, if for
any reason the Borrower does not make payment of any such sums or comply with
any such obligations by the time, on the date and otherwise in the manner
specified in the Note Purchase Agreement (or in any of the promissory notes
issued to the Investors in connection therewith, whether such notes are issued
at the initial closing thereof or any subsequent additional closing (the
"Notes")) (the Notes together with the Note Purchase Agreement, this Agreement
and the Security Agreement of even date, the "Note Documentation"), the
Guarantor will pay to the Investors such sums and comply with such obligations
on demand by the Investors in the manner provided in the Note Documentation. For
purposes of this Guaranty, the holders of Notes representing at least a majority
of the outstanding principal of all the Notes in the aggregate issued pursuant
to the Note Purchase Agreement are referred to herein as the "Majority Holders."
Each Guarantor agrees that its obligations hereunder shall be joint and several
with each other Guarantor; and

      B. Each Guarantor is a subsidiary of the Borrower, and will substantially
benefit, economically and otherwise, from the Borrower executing the Note
Documentation and from the proceeds of the loans derived therefrom.

      NOW, THEREFORE, in consideration of the premises herein, in the Note
Purchase Agreement, and of the sum of TEN DOLLARS ($10.00) paid to Guarantor by
the Investors, the receipt and adequacy whereof is hereby acknowledged, and as
part of the consideration for the execution by the Investors of the Note
Purchase Agreement, each Guarantor hereby covenants and agrees with the
Investors as follows:

      1. Guaranty of Borrower's Obligations. Each Guarantor, jointly and
severally, irrevocably, absolutely and unconditionally guarantees to Investors
the due and punctual payment, when due, by acceleration or otherwise, of all
obligations to pay under the Note Documentation and performance of all of the
obligations of the Note Documentation and related documents.

      2. Absolute and Unconditional Guaranty. This is also an absolute and
unconditional Guaranty pursuant to which the obligations of the Guarantors may
be enforced without first having recourse to the Borrower, any other Guarantor
or person or any other agreement, security, guaranty or indemnity.

      3. General Guaranty. This Guaranty is a general guaranty and shall inure
to the benefit of the Investors and their successors and assigns. The
obligations of each Guarantor under this Guaranty shall be binding on each of
the Guarantors and their respective successors and assigns. No Guarantor may
assign its rights or transfer its obligations under this Guaranty without the
prior written approval of the Majority Holders.

      4. Waiver of Defenses. Each Guarantor specifically waives any and all
defenses to any action or proceeding brought to enforce this Guaranty or any
part of this Guaranty, either at law or in equity, except for the defense that
the sum claimed by the Investors to be due has actually been paid to the
Investors. Any release of any Guarantor from this Guarantor shall not affect the
obligation and liability of the remaining Guarantors.

                                       1
<PAGE>

      5. Waiver of Jury Trial. Each Guarantor hereby knowingly, voluntarily, and
intentionally, waives the right it may have to a trial by jury in respect of any
litigation based on, or arising out of, under or in connection with this
Guaranty and any document executed in conjunction herewith or any course of
conduct, course of dealing, statement (whether oral or written) or actions of or
by any Guarantor or the Investors.

      6. Submission to Jurisdiction; Attorneys' Fees. Each Guarantor irrevocably
and unconditionally (a) agrees that any suit, action or other legal proceeding
arising out of or relating to this Guaranty shall be brought in the circuit
court located in Broward County, Florida or the court of the United States,
Southern District of Florida; (b) consents to the jurisdiction of each such
court located in any such suit, action or proceeding; (c) waives any objection
which it may have to the laying of venue of any such suit, action or proceeding
in any of such courts; and (d) agrees that service of any court paper may be
affected on such party by mail or in such other manner as may be provided under
applicable laws or court rules in said state. Each Guarantor further agrees to
pay all costs of collection, including reasonable attorneys' fees, costs and
other legal expenses incurred by the Investors in attempting to enforce the
Guarantors' obligations under this Guaranty.

      7. Notices. All notices, requests, consents and other communications under
this Guaranty shall be in writing and shall be (as elected by the person giving
such notice) (i) hand delivered by messenger or courier service, (ii)
telecommunicated, (iii) mailed by registered or certified mail (postage prepaid,
return receipt requested), or (iv) sent by recognized overnight courier service
to the relevant party at its/his/her address listed above (or at such other
address as the relevant Guarantor or the Investors may specify by written notice
in accordance with this paragraph). Each such notice shall be deemed delivered
(a) on the date delivered if by personal delivery; (b) on the date of
transmission with confirmed answer back if by facsimile (provided that notice is
also sent on such date in accordance with either clause (i), (iii) or (iv); (c)
on the date upon which the return receipt is signed or delivery is refused or
the notice is designated by the postal authorities as not deliverable, as the
case may be, if mailed; or (d) on the second business day following delivery to
a recognized overnight courier service for next business day delivery.

      8. Entire Agreement. This Guaranty represents the entire understanding and
agreement among the Guarantors and the Investors with respect to the subject
matter hereof and supersedes all other negotiations, understandings and
representations (if any) made by and among such parties. No course of dealing,
course of performance or trade usage, shall be used to supplement or modify any
terms hereof.

      9. Severability. If any part of this Guaranty is contrary to, prohibited
by or deemed invalid under applicable law or regulation, such provision shall be
inapplicable and deemed omitted to the extent so contrary, prohibited or
invalid, but the remainder of this Guaranty shall not be invalidated and shall
be given full force and effect.

      10. Governing Law. This Guaranty shall be governed by the laws of the
State of Florida, without regard to the conflicts of law principles thereof.

      11. Amendment and Waiver. Any term of this Guaranty may be amended, only
with the written consent of the Guarantors and the Majority Holders. Any
amendment or waiver effected in accordance with this paragraph shall be binding
upon the Guarantors and each Investor.

                            [EXECUTION PAGES FOLLOW]

                                       2
<PAGE>

         IN WITNESS WHEREOF, the Guarantors have duly executed this Guaranty
this ___ day of April, 2005, pursuant to a corporate resolution approving same.

Signed, sealed, and delivered in the presence of:

                                      Chips & Bits, Inc., a Vermont corporation

______________________________________   By:___________________________________
Signature of Witness 1                   Its: _________________________________
______________________________________   Print Name:___________________________
Print Name of Witness 1
______________________________________
Signature of Witness 2
______________________________________
Print Name of Witness 2

STATE OF ________________________)
                                 ) SS:
COUNTY OF _______________________)

      The foregoing instrument was acknowledged before me this ____ day of
________________, 2005, by _________________________ as _____________ of Chips &
Bits, Inc., a Vermont corporation, on behalf of the corporation. He/She is
(check one) ____ personally known to me or ____ has produced
_____________________________________ as identification.

                                         ______________________________________
                                         Notary Public Signature
                                         ______________________________________
                                         Print Name
(SEAL)                                   State of _______at Large
                                         Commission No.: ______________________
                                         My Commission expires: _______________

                                       3
<PAGE>

Signed, sealed, and delivered in the presence of:

                                      Strategy Plus, Inc., a Vermont corporation

______________________________________   By:___________________________________
Signature of Witness 1                   Its: _________________________________
______________________________________   Print Name:___________________________
Print Name of Witness 1
______________________________________
Signature of Witness 2
______________________________________
Print Name of Witness 2

STATE OF ________________________)
                                 ) SS:
COUNTY OF _______________________)

      The foregoing instrument was acknowledged before me this ____ day of
________________, 2005, by _________________________ as _____________ of
Strategy Plus, Inc., a Vermont corporation on behalf of the corporation. He/She
is (check one) ____ personally known to me or ____ has produced
_____________________________________ as identification.

                                         ______________________________________
                                         Notary Public Signature
                                         ______________________________________
                                         Print Name
(SEAL)                                   State of _______at Large
                                         Commission No.: ______________________
                                         My Commission expires: _______________

                                       4
<PAGE>

Signed, sealed, and delivered in the presence of:

                                 Voiceglo Holdings, Inc., a Delaware corporation

______________________________________   By:___________________________________
Signature of Witness 1                   Its: _________________________________
______________________________________   Print Name:___________________________
Print Name of Witness 1
______________________________________
Signature of Witness 2
______________________________________
Print Name of Witness 2

STATE OF ________________________)
                                 ) SS:
COUNTY OF _______________________)

      The foregoing instrument was acknowledged before me this ____ day of
________________, 2005, by _________________________ as _____________ of
Voiceglo Holdings, Inc., a Delaware corporation on behalf of the corporation.
He/She is (check one) ____ personally known to me or ____ has produced
_____________________________________ as identification.

                                         ______________________________________
                                         Notary Public Signature
                                         ______________________________________
                                         Print Name
(SEAL)                                   State of _______at Large
                                         Commission No.: ______________________
                                         My Commission expires: _______________

                                       5
<PAGE>

Signed, sealed, and delivered in the presence of:

                                         TC Acquisition Holdings Corp.,
                                         a Delaware corporation

______________________________________   By:___________________________________
Signature of Witness 1                   Its: _________________________________
______________________________________   Print Name:___________________________
Print Name of Witness 1
______________________________________
Signature of Witness 2
______________________________________
Print Name of Witness 2

STATE OF ________________________)
                                 ) SS:
COUNTY OF _______________________)

      The foregoing instrument was acknowledged before me this ____ day of
________________, 2005, by _________________________ as _____________ of TC
Acquisition Holdings Corp., a Delaware corporation on behalf of the corporation.
He/She is (check one) ____ personally known to me or ____ has produced
_____________________________________ as identification.

                                         ______________________________________
                                         Notary Public Signature
                                         ______________________________________
                                         Print Name
(SEAL)                                   State of _______at Large
                                         Commission No.: ______________________
                                         My Commission expires: _______________

                                       6
<PAGE>

Signed, sealed, and delivered in the presence of:

                                         Direct Partner Telecom, Inc.
                                         a Florida corporation

______________________________________   By:___________________________________
Signature of Witness 1                   Its: _________________________________
______________________________________   Print Name:___________________________
Print Name of Witness 1
______________________________________
Signature of Witness 2
______________________________________
Print Name of Witness 2

STATE OF ________________________)
                                 ) SS:
COUNTY OF _______________________)

      The foregoing instrument was acknowledged before me this ____ day of
________________, 2005, by _________________________ as _____________ of Direct
Partner Telecom, Inc., a Florida corporation on behalf of the corporation.
He/She is (check one) ____ personally known to me or ____ has produced
_____________________________________ as identification.

                                         ______________________________________
                                         Notary Public Signature
                                         ______________________________________
                                         Print Name
(SEAL)                                   State of _______at Large
                                         Commission No.: ______________________
                                         My Commission expires: _______________

                                       7
<PAGE>

Signed, sealed, and delivered in the presence of:

                                         SendTec, Inc.
                                         a Florida corporation

______________________________________   By:___________________________________
Signature of Witness 1                   Its: _________________________________
______________________________________   Print Name:___________________________
Print Name of Witness 1
______________________________________
Signature of Witness 2
______________________________________
Print Name of Witness 2

STATE OF ________________________)
                                 ) SS:
COUNTY OF _______________________)

         The foregoing instrument was acknowledged before me this ____ day of
________________, 2005, by _________________________ as _____________ of
SendTec, Inc., a Florida corporation on behalf of the corporation. He/She is
(check one) ____ personally known to me or ____ has produced
_____________________________________ as identification.

                                         ______________________________________
                                         Notary Public Signature
                                         ______________________________________
                                         Print Name
(SEAL)                                   State of _______at Large
                                         Commission No.: ______________________
                                         My Commission expires: _______________

                                       8

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