Document:

Unassociated Document

    JOINDER
      AND CONFIRMATION OF SECURITY AGREEMENT

     

    THIS
      JOINDER AND CONFIRMATION OF SECURITY AGREEMENT (this
      “Joinder”)
      is
      executed as of February 13,
      2006 by
      Iview Holding Corp., a Delaware corporation (“Iview
      Holding”)
      (the
“Joining
      Party”)
      and
      Creative Vistas, Inc., an Arizona corporation (the “Parent”),
      Creative Vistas Acquisition Corp. (formerly A.C. Technical Acquisition Corp.),
      an Ontario corporation (“Creative
      Vistas Acquisition”),
      A. C.
      Technical Systems Ltd., an Ontario corporation (“A.C.
      Ltd.”),
      Cancable Holding Corp., a Delaware corporation (“Cancable
      Holding”),
      Iview
      Digital Video Solutions Inc., a federal Canadian corporation (“Iview”),
      Cancable Inc., an Ontario corporation (“Cancable
      Canada”),
      and
      Cancable, Inc., a Nevada corporation (“Cancable
      U.S.”
and
      together with Parent, Creative Vistas Acquisition, A.C. Ltd., Cancable Holding,
      Iview, Cancable Canada and Cancable U.S., the “Original
      Credit Parties”)
      and
      delivered to Laurus Master Fund, Ltd., a Cayman Islands company (the
“Purchaser”).
      Except as otherwise defined herein, terms used herein and defined in the 2005
      Securities Purchase Agreement (as defined below) shall be used herein as therein
      defined.

     

    W
      I T N E S S E T H:

     

    WHEREAS,
      the
      Parent and the Purchaser have entered into a Securities Purchase Agreement
      dated
      September 30, 2004 (as amended, modified or supplemented from time to time,
      the
“2004
      Securities Purchase Agreement”)
      providing for the execution of the Related Agreements (as defined in the 2004
      Securities Purchase Agreement);

     

    WHEREAS,
      Cancable Canada, Cancable Holding and the Purchaser have entered into a
      Securities Purchase Agreement dated December 31, 2005 (as amended, modified
      or
      supplemented from time to time, the “2005
      Securities Purchase Agreement”)
      providing for the execution of the Related Agreements (as defined in the 2005
      Securities Purchase Agreement);

     

    WHEREAS,
      Iview,
      Parent, Iview Holding and the Purchaser have entered into a Securities Purchase
      Agreement dated February 13, 2006 (as amended, modified or supplemented from
      time to time, the “2006
      Securities Purchase Agreement”)
      providing for the execution of the Related Agreements; 

     

    WHEREAS,
      each of
      Parent, A.C. Ltd., Creative Vistas Acquisition, Cancable Holding, Iview,
      Cancable Canada, Cancable US, Swanick and the Joining Party have given an
      amended and restated guarantee dated February 13,
      2006 in
      favour of Purchaser (the “2006
      Guarantee”
and
      together with the 2006 Securities Purchase Agreement, the “2006
      Documents”);

     

    WHEREAS,
      the
      Joining Party is a direct subsidiary of the Parent and desires, or is required
      pursuant to the provisions of the 2005 Securities Purchase Agreement and the
      2006 Securities Purchase Agreement to become:

     

    
      	(a)  	
              an
                assignor under the master security agreement dated September 30,
                2004
                between the Parent, A.C. Ltd., A.C. Technical Acquisition Corp. (now
                Creative Vistas Acquisition), Cancable Holding, Iview, Cancable Canada
                and
                Cancable US in favour of Purchaser (the “2004
                Master Security Agreement”);

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	(b)  	
              a
                pledgor under the share pledge agreement dated September 30, 2004
                among
                the Purchaser, A.C. Ltd., Swanick, A.C. Technical Acquisition Corp.
                (now
                Creative Vistas Acquisition), Cancable Holding, Iview, Cancable Canada
                and
                Cancable US (the “2004 Share
                Pledge Agreement”);

            

    

     

    
      	(c)  	
              a
                pledgor under the share pledge agreement dated September 30, 2004
                between
                the Purchaser and the Parent (the “CV Share
                Pledge Agreement”);
                

            

    

     

    
      	(d)  	
              an
                assignor under master security agreement dated December 31, 2005
                between
                Parent, A.C. Ltd., Creative Vistas Acquisition, Cancable Holding,
                Iview,
                Cancable Canada and Cancable US in favour of Purchaser (the “2005
                Master Security Agreement”);

            

    

     

    
      	(e)  	
              a
                pledgor under the share pledge agreement dated December 31, 2005
                among the
                Parent, Creative Vistas Acquisition, Cancable Holding, Iview, Cancable
                Canada, Cancable US and the Purchaser (the “2005
                Share Pledge Agreement”).

            

    

     

    NOW,
      THEREFORE,
      in
      consideration of the foregoing and other benefits accruing to the Joining Party
      and the Original Credit Parties, the receipt and sufficiency of which are hereby
      acknowledged, the Joining Party and the Original Credit Parties hereby make
      the
      following representations and warranties to the Purchaser and hereby covenant
      and agree with the Purchaser as follows:

     

    NOW,
      THEREFORE,
      the
      Joining Party agrees as follows:

     

    
      	1.  	
              By
                this Joinder, the Joining Party becomes (i) an assignor for all purposes
                under the 2004 Master Security Agreement, (ii) a pledgor for all
                purposes
                under the 2004 Share Pledge Agreement; (iii) a pledgor for all purposes
                under the CV Share Pledge Agreement; (iv) an assignor for all purposes
                under the 2005 Master Security Agreement; and (v) a pledgor for all
                purposes under the 2005 Share Pledge
                Agreement.

            

    

     

    
      	2.  	
              The
                Joining Party agrees that, upon its execution hereof, it will become
                an
                Assignor under, and as defined in, the 2004 Master Security Agreement,
                and
                will be bound by all terms, conditions and duties applicable to an
                Assignor under the Master Security Agreement. Without limitation
                of the
                foregoing and in furtherance thereof, as security for the due and
                punctual
                payment of the Obligations (as defined in the 2004 Master Security
                Agreement), the Joining Party hereby pledges, hypothecates, assigns,
                transfers and sets over and delivers to the Purchaser and grants
                to the
                Purchaser a security interest in the Collateral (as defined in the
                2004
                Master Security Agreement) if
                any, now owned or, to the extent provided in the 2004 Master Security
                Agreement, hereafter acquired by
                it.

            

    

     

    
      	3.  	
              The
                Joining Party agrees that, upon its execution hereof, it will become
                a
                Pledgor under, and as defined in the 2004 Share Pledge Agreement,
                and will
                be bound by all terms, conditions and duties applicable to a Pledgor
                under
                the 2004 Share Pledge Agreement. Without limitation of the foregoing
                and
                in furtherance thereof, as security for the due and punctual payment
                of
                the Indebtedness (as defined in the 2004 Share Pledge Agreement),
                the
                Joining Party hereby pledges, hypothecates, assigns, transfers, sets
                over
                and delivers to the Purchaser and grants to the Purchaser a security
                interest in all Collateral (as defined in the 2004 Share Pledge
                Agreement), if any, now owned or, to the extent provided in the 2004
                Share
                Pledge Agreement, hereafter acquired by
                it.

            

    

     

    
      
        
        

      

      
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          2 -

        
          

        

      

      
        
        

      

    

     

    
      	4.  	
              The
                Joining Party agrees that, upon its execution hereof, it will become
                a
                Pledgor under, and as defined in the CV Share Pledge Agreement, and
                will
                be bound by all terms, conditions and duties applicable to a Pledgor
                under
                the CV Share Pledge Agreement. Without limitation of the foregoing
                and in
                furtherance thereof, as security for the due and punctual payment
                of the
                Indebtedness (as defined in the CV Share Pledge Agreement), the Joining
                Party hereby pledges, hypothecates, assigns, transfers, sets over
                and
                delivers to the Purchaser and grants to the Purchaser a security
                interest
                in all Collateral (as defined in the CV Share Pledge Agreement),
                if any,
                now owned or, to the extent provided in the CV Share Pledge Agreement,
                hereafter acquired by it.

            

    

     

    
      	5.  	
              The
                Joining Party agrees that, upon its execution hereof, it will become
                an
                Assignor under, and as defined in, the 2005 Master Security Agreement,
                and
                will be bound by all terms, conditions and duties applicable to an
                Assignor under the 2005 Master Security Agreement. Without limitation
                of
                the foregoing and in furtherance thereof, as security for the due
                and
                punctual payment of the Obligations (as defined in the 2005 Master
                Security Agreement), the Joining Party hereby pledges, hypothecates,
                assigns, transfers and sets over and delivers to the Purchaser and
                grants
                to the Purchaser a security interest in the Collateral (as defined
                in the
                2005 Master Security Agreement) if any, now owned or, to the extent
                provided in the 2005 Master Security Agreement, hereafter acquired
                by
                it.

            

    

     

    
      	6.  	
              The
                Joining Party agrees that, upon its execution hereof, it will become
                a
                Pledgor under, and as defined in the 2005 Share Pledge Agreement,
                and will
                be bound by all terms, conditions and duties applicable to a Pledgor
                under
                the 2005 Share Pledge Agreement. Without limitation of the foregoing
                and
                in furtherance thereof, as Security for the due and punctual payment
                of
                the Indebtedness (as defined in the 2005 Share Pledge Agreement),
                the
                Joining Party hereby pledges, hypothecates, assigns, transfers, sets
                over
                and delivers to the Purchaser and grants to the Purchaser a security
                interest in all Collateral (as defined in the 2005 Share Pledge
                Agreement), if any, now owned or, to the extent provided in the 2005
                Share
                Pledge Agreement, hereafter acquired by
                it.

            

    

     

    
      	7.  	
              In
                connection with the grant by the Joining Party, pursuant to paragraphs
                2,
                3,
                4,
                5
                and 6
                above, of a security interest in all of its right, title and interest
                in
                the Collateral (as defined in each of the 2004 Master Security Agreement,
                the 2004 Share Pledge Agreement, the CV Share Pledge Agreement, the
                2005
                Master Security Agreement, and the 2005 Share Pledge Agreement) in
                favor
                of the Purchaser, the Joining Party (i) agrees to deliver to the
                Purchaser, together with the delivery of this Joinder, each of the
                items
                specified in Section 3 of the 2004 Share Pledge Agreement, Section
                3 of
                the CV Share Pledge Agreement and Section 3 of the 2005 Share Pledge
                Agreement, (ii) agrees to execute (if necessary) and deliver to the
                Purchaser such financing statements, in form acceptable to the Purchaser,
                as the Purchaser may request or as are necessary or desirable in
                the
                opinion of the Purchaser to establish and maintain a valid, enforceable,
                first priority perfected security interest in the Collateral (as
                defined
                in each of the 2004 Master Security Agreement, the 2004 Share Pledge
                Agreement, the CV Share Pledge Agreement, the 2005 Master Security
                Agreement, and the 2005 Share Pledge Agreement) owned by the Joining
                Party, (iii) authorizes the Purchaser to file any such financing
                statements without the signature of the Joining Party where permitted
                by
                law (such authorization includes a description of the Collateral
                as “all
                assets and all personal property, whether now owned and/or hereafter
                acquired” of the Joining Party all assets and all personal property,
                whether now owned and/or hereafter acquired” (or any substantially similar
                variation thereof)) and (iv) agrees to execute and deliver to the
                Purchaser assignments of United States and Canada trademarks, patents
                and
                copyrights (and the respective applications therefore) to the extent
                requested by the Purchaser. 

            

    

     

    
      
        
        

      

      
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          3 -

        
          

        

      

      
        
        

      

    

     

    
      	8.  	
              Without
                limiting the foregoing, the Joining Party hereby makes and undertakes,
                as
                the case may be, each covenant, representation and warranty made
                by, and
                as (i) each Assignor pursuant to the 2004 Master Security Agreement
                and
                the 2005 Master Security Agreement, and (ii) each Pledgor pursuant
                to the
                2004 Share Pledge Agreement, the CV Share Pledge Agreement and the
                2005
                Share Pledge Agreement, in each case as of the date hereof (except
                to the
                extent any such representation or warranty relates solely to an earlier
                date in which case such representation and warranty shall be true
                and
                correct as of such earlier date), and agrees to be bound by all covenants,
                agreements and obligations of an Assignor, and a Pledgor pursuant
                to (i)
                the 2004 Master Security Agreement, and the 2005 Master Security
                Agreement, and (ii) the 2004 Share Pledge Agreement, the CV Share
                Pledge
                Agreement and the 2005 Share Pledge Agreement, respectively, and
                all other
                Related Agreements to which it is or becomes a
                party.

            

    

     

    
      	9.  	
              Schedule
                A to the Share Pledge Agreement, Schedule A to the CV Share Pledge
                Agreement and Schedule A of the 2005 Share Pledge Agreement are hereby
                amended by supplementing such Schedule with the information for the
                Joining Party contained on Schedule A attached hereto as Annex I.
                In
                addition, Schedule A to the 2004 Master Security Agreement and Schedule
                A
                to the 2005 Master Security Agreement is hereby amended by supplementing
                such Schedule with the information for the Joining Party contained
                on
                Schedule A attached hereto as Annex
                II.

            

    

     

    NOW
      THEREFORE, the
      Original Credit parties agree as follows:

     

    
      	10.  	
              Each
                of the 2004 Master Security Agreement, 2004 Share Pledge Agreement,
                CV
                Share Pledge Agreement, and the Debenture dated September 30, 2004
                granted
                by A.C. Ltd. in favour of the Purchaser (the “2004
                Debenture”
                and together with the 2004 Master Security Agreement, the 2004 Share
                Pledge Agreement, the CV Share Pledge Agreement, and the Related
                Agreements (as defined in the 2004 Securities and Purchase Agreement),
                the
                “2004
                Documents”)
                remain in full force and effect and have not been terminated, discharged
                or released.

            

    

     

    
      	11.  	
              Each
                of the 2005 Master Security Agreement, the 2005 Share Pledge Agreement,
                the 2005 Securities and Purchase Agreement, the Debenture dated
                December 31, 2005 granted by Cancable Canada in favour of the
                Purchaser (the “2005
                Debenture”)
                and the Confirmation of Security and Joinder Agreement dated
                December 31, 2005 executed by Cancable Holding, Iview, Cancable USA,
                Cancable Canada, the Parent, Creative Vistas Acquisition, A.C. Ltd.,
                and
                the Purchaser (the “2005
                Confirmation and Joinder”
                and together with the 2005 Master Security Agreement, the 2005 Share
                Pledge Agreement, the 2005 Securities Purchase Agreement, the 2005
                Debenture, and the Related Agreements (as defined in the 2005 Securities
                Purchase Agreement), the “2005
                Documents”)
                remain in full force and effect and have not been terminated, discharged
                or released.

            

    

     

    
      
        
        

      

      
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          4 -

        
          

        

      

      
        
        

      

    

     

    
      	12.  	
              The
                2004 Master Security Agreement, the 2004 Share Pledge Agreement and
                CV
                Share Pledge Agreement constitute legal, valid and binding obligations
                of
                each Original Credit Party party thereto, enforceable against each
                Original Credit Party in accordance with their terms, subject to
                applicable bankruptcy, insolvency, reorganization and other laws
                of
                general application limiting the enforceability of creditors’
                rights.

            

    

     

    
      	13.  	
              The
                2005 Master Security Agreement and 2005 Share Pledge Agreement constitute
                legal, valid and binding obligations of each Original Credit Party
                party
                thereto, enforceable against each Original Credit Party in accordance
                with
                their terms, subject to applicable bankruptcy, insolvency, reorganization
                and other laws of general application limiting the enforceability
                of
                creditors’ rights.

            

    

     

    
      	14.  	
              The
                2004 Master Security Agreement, 2004 Share Pledge Agreement, CV Share
                Pledge Agreement and 2004 Debenture shall continue to constitute
                valid
                security for the obligations of each Original Credit Party and the
                Joining
                Party to the Purchaser under and pursuant to the 2004 Documents and
                shall
                constitute valid security for the obligations of each Original Credit
                Party and the Joining Party to the Purchaser under and pursuant to
                the
                2005 Documents and the 2006
                Documents.

            

    

     

    
      	15.  	
              The
                2005 Master Security Agreement, 2005 Share Pledge Agreement and the
                2005
                Debenture shall continue to constitute valid security for the obligations
                of each Original Credit Party and the Joining Party to the Purchaser
                under
                and pursuant to the 2005 Documents and shall constitute valid security
                for
                the obligations of each Original Credit Party and the Joining Party
                pursuant to the 2006 Documents.

            

    

     

    
      	16.  	
              This
                Joinder shall be binding upon the parties hereto and their respective
                successors and permitted assigns and shall inure to the benefit of
                and be
                enforceable by each of the parties hereto and its successors and
                permitted
                assigns, provided,
                however,
                the Joining Party may not assign any of its rights, obligations or
                interest hereunder or under the 2005 Securities Purchase Agreement
                or any
                Related Agreement (as defined in the 2005 Securities Purchase Agreement)
                without the prior written consent of the Purchaser or as otherwise
                permitted by the 2005 Securities Purchase Agreement, or any Related
                Agreements (as defined in the 2005 Securities Purchase Agreement).
                THIS
                JOINDER SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED
                BY
                THE LAW OF THE PROVINCE OF ONTARIO.
                This Joinder may be executed in any number of counterparts, each
                of which
                shall be an original, but all of which shall constitute one instrument.
                In
                the event that any provision of this Joinder shall prove to be invalid
                or
                unenforceable, such provision shall be deemed to be severable from
                the
                other provisions of this Joinder which shall remain binding on all
                parties
                hereto.

            

    

     

    
      	17.  	
              From
                and after the execution and delivery hereof by the parties hereto,
                this
                Joinder shall constitute a “Related
                Agreement”
                for all purposes of the 2005 Securities Purchase Agreement and the
                2006
                Securities Purchase Agreement.

            

    

     

    
      	18.  	
              The
                effective date of this Joinder is February 13,
                2006.

            

    

     

    
      
        
        

      

      
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          5 -

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      the
      undersigned has caused this Joinder to be duly executed as of the date first
      above written.

     

    
      	 	 	
              CANCABLE
                HOLDING CORP.

               

            
	 	 	
              By:

            	
              /s/
                DOMINIC BURNS

            
	 	 	 	
              Name:
                Dominic Burns

              Title:
                President

            

    

    

     

    
      	 	 	
              IVIEW
                DIGITAL VIDEO SOLUTIONS INC.

               

            
	 	 	
              By:

            	
              /s/
                SAYAN NAVARATNAM

            
	 	 	 	
              Name:
                Sayan Navaratnam

              Title:
                President

            

    

    

     

    
      	 	 	
              CANCABLE
                INC.

               

            
	 	 	
              By:

            	
              /s/
                HEUNG HUNG LEE

            
	 	 	 	
              Name:
                Heung Hung Lee

              Title:
                Secretary

            

    

    

     

    
      	 	 	
              CANCABLE,
                INC.

               

            
	 	 	
              By:

            	
              /s/
                ROSS JEPSON

            
	 	 	 	
              Name:
                Ross Jepson

              Title:
                President and Secretary

            

    

    

     

    
      	 	 	
              CREATIVE
                VISTAS, INC.

               

            
	 	 	
              By:

            	
              /s/
                DOMINIC BURNS

            
	 	 	 	
              Name:
                Dominic Burns

              Title:
                President

            

    

     

    
      
        
        

      

      
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          6 -

        
          

        

      

      
        
        

      

    

     

    
      	 	 	
              CREATIVE
                VISTAS ACQUISITION CORP. 

              (formerly
                A.C. Technical Acquisition Corp, Inc.)

               

            
	 	 	
              By:

            	
              /s/
                SAYAN NAVARATNAM

            
	 	 	 	
              Name:
                Sayan Navaratnam

              Title:
                President and Secretary

            

    

    

     

    
      	 	 	
              A.C.
                TECHNICAL SYSTEMS LTD.

               

            
	 	 	
              By:

            	
              /s/
                DOMINIC BURNS

            
	 	 	 	
              Name:
                Dominic Burns

              Title:
                President and Secretary

            

    

    

     

    
      	 	 	
              IVIEW
                HOLDING CORP.

               

            
	 	 	
              By:

            	
              /s/
                DOMINIC BURNS

            
	 	 	 	
              Name:
                Dominic Burns

              Title:
                President

            

    

     

    Accepted
      and Acknowledged by:

     

    
      	
              LAURUS
                MASTER FUND, LTD.

               

            	 
	
              By:

            	
              /s/
                EUGENE GRIN

            	 
	 	
              Name:
                Eugene Grin

              Title:
                Director

            	 

    

     

    
      
        
        

      

      
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          7 -

        
          

        

      

      
        
        

      

    

    
 

    ANNEX
      I

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ANNEX
      IIUnassociated Document

    JOINDER
      AND CONFIRMATION OF SECURITY AGREEMENT

     

    THIS
      JOINDER AND CONFIRMATION OF SECURITY AGREEMENT (this
      “Joinder”)
      is
      executed as of February 13,
      2006 by
      Brent W. Swanick (the “Joining
      Party”)
      and
      delivered to Laurus Master Fund, Ltd., a Cayman Islands company (the
“Purchaser”).
      Except as otherwise defined herein, terms used herein and defined in the 2006
      Securities Purchase Agreement (as defined below) shall be used herein as therein
      defined.

     

    W
      I T N E S S E T H:

     

    WHEREAS,
      Cancable Inc, an Ontario Corporation (“Cancable
      Canada”),
      Cancable Holding Corp., a Delaware corporation (“Cancable
      Holding”)
      and
      the Purchaser have entered into a Securities Purchase Agreement dated December
      31, 2005 (as amended, modified or supplemented from time to time, the
“2005
      Securities Purchase Agreement”)
      providing for the execution of the Related Agreements (as defined in the 2005
      Securities Purchase Agreement);

     

    WHEREAS,
      Iview
      Digital Video Solutions Inc., a federal Canadian corporation, (“Iview”)
      Creative Vistas, Inc., an Arizona corporation (the “Parent”),
      Iview
      Holding Corp., a Delaware corporation (“Iview
      Holding”)
      and
      the Purchaser have entered into a Securities Purchase Agreement dated February
      13, 2006 (as amended, modified or supplemented from time to time, the
“2006
      Securities Purchase Agreement”)
      providing for the execution of the Related Agreements (as defined in the 2006
      Securities Purchase Agreement); 

     

    WHEREAS,
      the
      Joining Party desires, or is required pursuant to the provisions of the 2006
      Securities Purchase Agreement to become a pledgor under the share pledge
      agreement dated December 31, 2005 among the Parent, Creative Vistas Acquisition
      Corp, Cancable Holding, Cancable Canada, and the Purchaser (the “2005
      Share Pledge Agreement”).

     

    NOW,
      THEREFORE,
      in
      consideration of the foregoing and other benefits accruing to the Joining Party,
      the receipt and sufficiency of which are hereby acknowledged, the Joining Party
      hereby makes the following representations and warranties to the Purchaser
      and
      hereby covenant and agree with the Purchaser as follows:

     

    NOW,
      THEREFORE,
      the
      Joining Party agrees as follows:

     

    
      	1.  	
              By
                this Joinder, the Joining Party becomes a pledgor for all purposes
                under
                the
                2005 Share Pledge Agreement.

            

    

     

    
      	2.  	
              The
                Joining Party agrees that, upon its execution hereof, it will become
                a
                Pledgor under, and as defined in the 2005 Share Pledge Agreement,
                and will
                be bound by all terms, conditions and duties applicable to a Pledgor
                under
                the 2005 Share Pledge Agreement. Without limitation of the foregoing
                and
                in furtherance thereof, as Security for the due and punctual payment
                of
                the Indebtedness (as defined in the 2005 Share Pledge Agreement),
                the
                Joining Party hereby pledges, hypothecates, assigns, transfers, sets
                over
                and delivers to the Purchaser and grants to the Purchaser a security
                interest in all Collateral (as defined in the 2005 Share Pledge
                Agreement), if any, now owned or, to the extent provided in the 2005
                Share
                Pledge Agreement, hereafter acquired by
                it.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	3.  	
              In
                connection with the grant by the Joining Party, pursuant to paragraph
                2
                above, of a security interest in all of its right, title and interest
                in
                the Collateral (as defined in the 2005 Share Pledge Agreement) in
                favor of
                the Purchaser, the Joining Party (i) agrees to deliver to the Purchaser,
                together with the delivery of this Joinder, each of the items specified
                in
                Section 3 of the 2005 Share Pledge Agreement, (ii) agrees to execute
                (if necessary) and deliver to the Purchaser such financing statements,
                in
                form acceptable to the Purchaser, as the Purchaser may request or
                as are
                necessary or desirable in the opinion of the Purchaser to establish
                and
                maintain a valid, enforceable, first priority perfected security
                interest
                in the Collateral (as defined in the 2005 Share Pledge Agreement)
                owned by
                the Joining Party.

            

    

     

    
      	4.  	
              Without
                limiting the foregoing, the Joining Party hereby makes and undertakes,
                as
                the case may be, each covenant, representation and warranty made
                by, and
                as each Pledgor pursuant to the 2005 Share Pledge Agreement, in each
                case
                as of the date hereof (except to the extent any such representation
                or
                warranty relates solely to an earlier date in which case such
                representation and warranty shall be true and correct as of such
                earlier
                date), and agrees to be bound by all covenants, agreements and obligations
                a Pledgor pursuant to the 2005 Share Pledge Agreement, respectively,
                and
                all other Related Agreements to which it is or becomes a
                party.

            

    

     

    
      	5.  	
              Schedule
                A of the 2005 Share Pledge Agreement are hereby amended by supplementing
                such Schedule with the information for the Joining Party contained
                on
                Schedule A attached hereto as Annex I.

            

    

     

    
      	6.  	
              The
                share pledge agreement dated September 30, 2004 among the Joining
                Party,
                A.C. Technical Systems Ltd., Creative Vistas Acquisition Corp. (formerly
                A.C. Technical Acquisition Corp.) and the Purchaser (the “2004
                Share Pledge Agreement”)
                remains in full force and effect and has not been terminated, discharged
                or released.

            

    

     

    
      	7.  	
              The
                2004 Share Pledge Agreement constitutes the legal, valid and binding
                obligation of the Joining Party, enforceable against the Joining
                Party in
                accordance with its terms, subject to applicable bankruptcy, insolvency,
                reorganization and other laws of general application limiting the
                enforceability of creditors’
rights.

            

    

     

    
      	8.  	
              The
                2004 Share Pledge Agreement and the 2005 Share Pledge Agreement continue
                to constitute valid security for the obligations of the Joining Party
                to
                the Purchaser under and pursuant to the Amended and Restated Limited
                Guarantee dated as of the date hereof granted by the Joining Party
                in
                favour of the Purchaser.

            

    

     

    
      	9.  	
              This
                Joinder shall be binding upon the parties hereto and their respective
                successors and permitted assigns and shall inure to the benefit of
                and be
                enforceable by each of the parties hereto and its successors and
                permitted
                assigns, provided,
                however,
                the Joining Party may not assign any of its rights, obligations or
                interest hereunder or under the 2006 Securities Purchase Agreement
                or any
                Related Agreement (as defined in the 2006 Securities Purchase Agreement)
                without the prior written consent of the Purchaser or as otherwise
                permitted by the 2006 Securities Purchase Agreement, or any Related
                Agreements (as defined in the 2006 Securities Purchase Agreement).
                THIS
                JOINDER SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED
                BY
                THE LAW OF THE PROVINCE OF ONTARIO.
                This Joinder may be executed in any number of counterparts, each
                of which
                shall be an original, but all of which shall constitute one instrument.
                In
                the event that any provision of this Joinder shall prove to be invalid
                or
                unenforceable, such provision shall be deemed to be severable from
                the
                other provisions of this Joinder which shall remain binding on all
                parties
                hereto.

            

    

     

    
      
        
        

      

      
        -
          2 -

        
          

        

      

      
        
        

      

    

     

    
      	10.  	
              From
                and after the execution and delivery hereof by the parties hereto,
                this
                Joinder shall constitute a “Related
                Agreement”
                for all purposes of the 2005 Securities Purchase Agreement and the
                2006
                Securities Purchase Agreement.

            

    

     

    
      	11.  	
              The
                effective date of this Joinder is February 13,
                2006.

            

    

     

    
      
        
        

      

      
        -
          3 -

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      the
      undersigned has caused this Joinder to be duly executed as of the date first
      above written.

     

    

     

    
      	 	 	
              BRENT
                W. SWANICK

               

            
	 	 	
              By:

            	
              /s/
                BRENT W. SWANICK

            

    

    

     

     

     

    

     

    Accepted
      and Acknowledged by:

     

    
      	
              LAURUS
                MASTER FUND, LTD.

               

            	 
	
              By:

            	
              /s/
                EUGENE GRIN

            	 
	 	
              Name:
                Eugene Grin

              Title:
                Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]