Document:

Exhibit 10.4
    

    
      FORM OF PLEDGE AND SECURITY AGREEMENT
    

    
      THIS PLEDGE AND SECURITY AGREEMENT (this “Pledge Agreement”) is entered
      into as of the dated as of the __th day of September 2008, by and among
      COMMERCE PLANET, INC., a Utah corporation (the “Company”) with an
      address at 30 S. La Patera Lane, Goleta, CA 93117, LEGACY MEDIA LLC, a
      California limited liability company and wholly-owned subsidiary of,
      with the same address as, the Company (“Legacy”), and CONSUMER LOYALTY
      GROUP LLC, a California limited liability company and wholly-owned
      subsidiary of, with the same address as, the Company (“Consumer”), for
      the benefit of MORLEX, INC., a Colorado corporation (hereinafter
      referred to as the “Lender” or “Secured Party”). The Company, Legacy and
      Consumer are hereinafter referred to individually as a “Pledgor” and
      collectively as the “Pledgors.”
    

    
      W I T N E S S E T H :
    

    
                          WHEREAS, Legacy and Consumer are each wholly-owned
      subsidiaries of the Company;
    

    
                          WHEREAS, the parties hereto are parties to the Asset
      Purchase Agreement (the “Purchase Agreement”) dated as of the 16th
      day of September 2008, by and among the Pledgors, Lender Superfly
      Advertising, Inc., an Indiana corporation and wholly-owned subsidiary of
      Lender (the “Purchaser”).  Pursuant to the Purchase Agreement, the
      Legacy and Consumer have agreed to sell and Purchaser has agreed to
      purchase certain of the assets used or held for use by Legacy and
      Consumer in the conduct of the Business in consideration of the Purchase
      Price and the Assumed Liabilities (as such terms are defined in the
      Purchase Agreement).
    

    
                          WHEREAS, the Company is the maker (the “Maker”) of
      the (US) $200,000 promissory note (the “Note”) in favor of the Lender or
      any subsequent holder of such Note;
    

    
                          WHEREAS, the Pledgors have unconditionally and
      irrevocably guaranteed the obligations of the Company under the Note
      pursuant that certain Unconditional Guaranty Agreement executed by
      Legacy and Consumer in favor of Lender (the “Guaranty”); and
    

    
                          WHEREAS, the Lender is willing to make the loan
      evidenced by the Note only if each Pledgor executes and delivers this
      Pledge Agreement and jointly and severally pledges to the Secured Party
      all of the merchant accounts of the Pledgors, including without
      limitation the credit card reserve accounts, listed on Schedule A
      attached hereto.
    

    
                   NOW, THEREFORE, in consideration of the foregoing and other
      good valuable consideration, the receipt and sufficiency of which are
      hereby acknowledged, effective as of the date hereof, each Pledgor
      hereby pledges and assigns to Secured Party, and grants Secured Party a
      security interest in the Collateral (as hereinafter defined).
    

    
                   Each Pledgor hereby agrees with Secured Party as follows:
    

    
      AGREEMENT
    

    
                   1. Definitions.  In addition to all of the other
      initially-capitalized terms defined herein, the following terms shall
      have the following respective meanings:
    

    
                          (a) “Code” means the Uniform Commercial Code, as in
      effect from time to time in the State of California.
    

    
      
        

        

      

      
        
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                          (b) “Collateral” means (i) all of the merchant
      accounts of the Pledgors, including without limitation the credit card
      reserve accounts, listed on Schedule A attached hereto (collectively,
      the “Merchant Accounts”), and (ii) all Proceeds (as hereinafter defined)
      of such Merchant Accounts. The inclusion of Proceeds in this definition
      does not authorize Pledgor to sell, dispose of or otherwise use the
      Collateral in any manner not specifically authorized by this Pledge
      Agreement.
    

    
                          (c) “Proceeds” means (i) all “proceeds” (as such
      term is defined in Section 9-102(a)(64) of the Code) and “products” with
      respect to the Collateral and (ii) includes, without
      limitation:  whatever is receivable or received when Collateral is sold,
      collected, exchanged or otherwise disposed of, whether such disposition
      is voluntary or involuntary; all rights to payment, including return
      premiums, with respect to any insurance relating thereto; all interest,
      dividends and other property receivable or received on account of the
      Collateral or proceeds thereof, (including all distributions in respect
      of the Merchant Accounts, all collections thereon or all distributions
      with respect thereto); and proceeds of any indemnity or guaranty payable
      to Pledgor or Secured Party from time to time with respect to any
      Collateral.
    

    
                          (d) “Secured Obligations” means the full and timely
      payment, performance and observance by the Company of all of the terms,
      covenants and provisions of the Note, and the full and timely payment,
      performance and observance by the Guarantors of all of the terms,
      covenants and provisions of the Guaranty, including, without limitation,
      the payment by the Company and the Pledgors of all principal, interest
      and any other sums payable to Lender in respect of the Note.
    

    
                   2. Pledge of Collateral.   
    

    
                          (a) As security for the due and punctual payment and
      performance of all of the Secured Obligations (whether at stated
      maturity, by required prepayment, declaration, acceleration, demand or
      otherwise, including without limitation the payment of amounts that
      would become due but for the operation of the automatic stay under
      Section 362(a) of the Bankruptcy Code, 11 U.S.C. §362(a)), whether
      allowed or allowable as claims, each Pledgor hereby (1) pledge,
      transfer, hypothecate and assign to Secured Party ALL OF its right,
      title and interest in and to the Collateral, whether now owned or
      hereafter acquired, and (2) grants to Secured Party a continuing first
      priority lien on and security interest in and to the Collateral, whether
      now owned or hereafter acquired.  As a condition to the Secured Party’s
      making the Loan (as defined in the Purchase Agreement), each Pledgor
      shall deliver to Lender UCC-1 financing statements with respect to the
      Secured Party’s lien on the Collateral.
    

    
                          (b) Secured Party shall retain a valid and perfected
      first priority security interest in the Collateral until the date on
      which each and every one of the Secured Obligations has been fully and
      indefeasibly performed in accordance with the terms of the Note,
      including the indefeasible payment in full of the principal amount of
      the Note, and all interest accrued thereon (but excluding any indemnity
      obligation or other obligations which, by the terms of the Note, survive
      performance in full of the other obligations; provided, however, that
      none of such future indemnity obligations are then due and payable or
      reasonably likely to be due and payable in the foreseeable future (such
      obligations, the “Surviving Obligations”). Upon the occurrence and
      during the continuance of an Event of Default (as defined in the Note),
      Secured Party may exercise, in addition to its other rights and remedies
      hereunder, or in the Note or the Guaranty, all rights and remedies of a
      secured party under the Code with respect to the Collateral as in effect
      at the time or otherwise available by action or actions at law or in
      equity, including, without limitation:
    

    
                          (i) to sell, assign and effectively transfer the
      Collateral either at public or private sale, at the option of Secured
      Party, without recourse to judicial proceedings and without either
      demand, appraisement, advertisement or notice of any kind, all of which
      are expressly waived;
    

    
      
        

        

      

      
        
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                          (ii) to proceed by way of appropriate judicial
      proceedings to have the Collateral sold at judicial sale, with or
      without appraisement;
    

    
                          (iii) to seek an injunction of the prohibited action;
    

    
                          (iv) make demand upon and receive from any or all
      Merchant Bank(s) all amounts in such Merchant Accounts, and all Merchant
      Banks may rely upon the authorization to release funds to Lender set
      forth herein and will be indemnified by Pledgors from any and all
      liability in connection with releasing funds to Lender; or
    

    
                          (v) to pursue any other available legal remedy; and,
      out of the Proceeds of the sale of the Collateral, Secured Party shall
      be entitled to receive, by preference and priority over all Persons
      whatsoever, the full remaining and unpaid balance of the Secured
      Obligations, together with all interest, costs, reasonable attorneys’
      fees and other charges;
    

    
      provided, however, that Secured Party shall provide Pledgors with
      reasonable prior notice of a public or private sale of the Collateral as
      required by the Code, and Pledgors hereby agree and stipulate that such
      notice shall be deemed to be commercially reasonable notice in
      satisfaction of the requirements of the Code.
    

    
                   Without limiting the foregoing, Secured Party and/or any
      nominee(s) or designee(s) thereof, without demand of performance or
      other demand, presentment, protest, advertisement or notice of any kind
      (except for any notice required by law) to or upon Pledgors, or any
      other person (all and each of which demands, defenses, advertisements
      and notices are hereby waived), may in such circumstances forthwith
      collect, receive, appropriate and realize upon the Collateral, or any
      part thereof, and/or may forthwith sell, assign or otherwise dispose of
      and deliver the Collateral or any part thereof (or contract to do any of
      the foregoing), pursuant to this Section 2 or otherwise in accordance
      with the Code upon such terms and conditions as Secured Party may deem
      advisable and at such prices and upon such other terms as Secured Party
      may deem commercially reasonable, for cash or on credit or for future
      delivery without assumption of any credit risk irrespective of the
      impact of such sales on the market price of any Collateral.  Secured
      Party and/or such nominee(s) or designee(s) shall have the right upon
      any public sale or sales, and, to the extent permitted by law, upon any
      private sale or sales, to purchase the Collateral so sold, free of any
      right or equity of redemption in Pledgors, which right or equity each of
      the Pledgors hereby waives and/or releases.  Secured Party shall apply
      any Proceeds from time to time held by it and the net proceeds of any
      such collection, recovery, receipt, appropriation, realization or sale
      in accordance with this Pledge Agreement.  Secured Party may be the
      purchaser of any or all of the Collateral at any such sale and Secured
      Party shall be entitled, for the purpose of bidding and making
      settlement or payment of the purchase price for all or any portion of
      the Collateral sold at any such public sale, to use and apply any of the
      Secured Obligations as a credit on account of the purchase price for any
      Collateral payable by Secured party at such sale.  Each purchaser at any
      such sale shall hold the property sold absolutely free from any claim or
      right on the part of Pledgors, and each Pledgor hereby waives (to the
      extent permitted by applicable law) all rights of redemption, stay
      and/or appraisal which it now has or may have at any time in the future
      have under any rule of law or statute now existing or thereafter
      enacted.  Each Pledgors agrees that, to the extent notice of sale shall
      be required by law, at least fifteen (15) days’ notice to Pledgors of
      the time and place of any public sale or the time after which any
      private sale is to be made shall constitute reasonable
      notification.  Secured Party shall not be obligated to make any sale of
      Collateral regardless of notice of sale having been given.  Secured
      Party may adjourn any public or private sale from time to time by
      announcing the time and place fixed therefor, and such sale may, without
      further notice, be made at the time and place to which it was so
      adjourned.  Each Pledgor hereby waives, to the extent permitted by law,
      any claims against Secured Party arising by reason of the fact that the
      price at which any Collateral may have been sold at such a private sale
      was less than the price which might have been obtained at a public sale,
      even if Secured Party accepts the first offer received and does not
      offer such Collateral to more than one offeree.  If the proceeds of any
      sale or other disposition of the Collateral are insufficient to pay all
      the Secured Obligations, each Pledgor shall be liable for the deficiency
      and the fees of any attorneys employed by Secured Party to collect such
      deficiency.  To the extent permitted by applicable law, each Pledgor
      further waives and agrees not to assert any rights or privileges which
      it may acquire under Section 9-112 of the Code.  In connection with any
      sale of the Collateral, Secured Party may specifically disclaim any
      warranties of title or the like, and such disclaimer shall not be
      considered adversely to affect the commercial reasonableness of such
      sale.  If Secured Party sells any of the Collateral on credit, each
      Pledgor will be credited only with payments actually made by the
      purchaser, received by Secured Party and applied to the indebtedness of
      such purchaser.  In the event a purchaser fails to pay for the
      Collateral, Secured Party may resell the Collateral and Pledgors shall
      be credited with the proceeds of the sale.
    

    
      
        

        

      

      
        
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                          (c) In addition to the remedies described in Section
      2(b) above, if any Event of Default shall occur and immediately upon the
      occurrence thereof and so long as such Event of Default shall be
      continuing:  (i) Secured Party and/or its nominees or designees shall
      have the right to receive any and all dividends, payments or
      distributions paid with respect to the Merchant Accounts and the other
      Collateral, as applicable, and make application thereof in accordance
      with this Pledge Agreement (and any dividends and other payments
      received in trust by Pledgors for the benefit of Secured Party shall be
      segregated from the other funds of Pledgors), and (ii) at Secured
      Party’s election, all Merchant Accounts shall be transferred to Secured
      Party and/or one (1) or more nominee(s) or designee(s) thereof, and
      Secured Party and/or such nominee(s) or designee(s) may in the name of
      Pledgors or in Secured Party’s and/or such nominee’s(s’) or
      designee’s(s’) own name, collect all payments and assets due Pledgor
      pursuant to the Merchant Accounts. Further, unless and until Secured
      Party and/or such nominee(s) or designee(s) succeeds to actual ownership
      thereof, pursuant to the exercise of Secured Party’s remedies described
      in Section 2(b) above, neither Secured Party nor any such nominee or
      designee shall be obligated to perform or discharge any obligation, duty
      or liability in connection with the Merchant Accounts.  The rights of
      Secured Party hereunder shall not be conditioned or contingent upon the
      pursuit by Secured Party of any other right or remedy against Pledgors
      or any guarantor of any of the Secured Obligations, or against any other
      person which may be or become liable in respect of all or any part of
      the Secured Obligations or against any other collateral security
      therefor, guarantee thereof or right of offset with respect
      thereto.  Neither Secured Party nor any of its nominees or designees
      shall be liable for any failure to demand, collect or realize upon all
      or any part of the Collateral or for any delay in doing so, nor shall
      they be under any obligation to sell or otherwise dispose of any
      Collateral upon the request of Pledgors or any other person or to take
      any other action whatsoever with regard to the Collateral or any part
      thereof.
    

    
                          (d) Secured Party is hereby authorized to and shall
      apply the net proceeds of such sale of, or other realization upon, any
      or all of the Collateral, after first deducting the costs and expenses
      of sale, including attorneys’ fees and the costs of Secured Party and
      Secured Party’s agents, to the payment of the Secured Obligations in
      such order as Secured Party shall elect, in its sole discretion, it
      being understood that this Pledge Agreement shall remain in full force
      and effect and Secured Party shall retain all rights hereunder, until
      the date on which all of the Secured Obligations have been indefeasibly
      satisfied in full, after deducting all such costs and expenses.  If,
      after any sale of the Collateral pursuant to this Section 2 there shall
      be a balance remaining after the payment of all of the items described
      above, such balance shall be paid to Persons entitled by law to receive
      such balance to allocate among themselves, without any liability
      resulting therefrom on the part of Secured Party.
    

    
                          (e) Following the occurrence and during the
      continuance of an Event of Default, Secured Party may, at its election,
      and in addition to any other remedies available hereunder, in its sole
      and absolute discretion, no such duty being imposed hereby, pay,
      purchase, contest or compromise any encumbrance, charge or lien which is
      prior or superior to its security interest in the Collateral and pay all
      expenses incurred therewith (any payment or expense so incurred shall be
      deemed Secured Obligations and shall be immediately due and payable and
      secured hereby), all of which shall be deemed authorized by
      Pledgors.  All such expenses not paid when due shall accrue interest at
      the Default Rate until the date repaid.
    

    
      
        

        

      

      
        
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                          (f) All remedies of Secured Party hereunder are
      cumulative and are in addition to any other remedies provided for at law
      or in equity and may, to the extent permitted by law, be exercised
      concurrently or separately, and the exercise of any one remedy shall not
      be deemed an election of such remedy or to preclude the exercise of any
      other remedy.  No failure on the part of Secured Party to exercise and
      no delay in exercising any right or remedy shall operate as a waiver
      thereof or in any way modify or be deemed to modify the terms of this
      Pledge Agreement or of the obligations secured hereby, nor shall any
      single or partial exercise by Secured Party of any right or remedy
      preclude any other or further exercise of the same or any other right or
      remedy.
    

    
                   3. Representations and Warranties of Pledgor.
    

    
                          3.1. Each Pledgor hereby jointly and severally
      represents and warrants, as of the date hereof, that:
    

    
                                (a)           Pledgors (i) are the record and
      beneficial owners of, and have good and marketable title to, the
      Merchant Accounts, and (ii) will have good and marketable title to the
      Merchant Accounts hereafter acquired, in any case, free and clear of all
      claims, liens, options and encumbrances of any kind, and has not and
      will not pledge or grant to any other person a security interest  in the
      Merchant Accounts, except as contemplated by the Note.  Each Pledgor has
      the right, power and authority to execute, deliver and perform this
      Pledge Agreement and to pledge, grant security interest in and assign
      the Collateral to the Secured Party as described herein.
    

    
                                (b)           Pledgors are the sole holders of
      the Merchant Accounts and no other person has any right to or is named
      as an owner of any Merchant Account.  The execution, delivery and
      performance of this Pledge Agreement by each Pledgor (i) are within the
      power and authority of the Pledgor, and (ii) have been duly authorized
      by all necessary entity action. This Agreement constitutes the legal,
      valid and binding obligation of each Pledgor, enforceable against each
      Pledgor in accordance with its terms. Further, the execution, delivery
      and performance of this Pledge Agreement by each Pledgor will not cause
      a violation of or a default under (i) any mortgage, lease or other
      agreement, oral or written, to which such Pledgor is a party or by which
      any of its assets are subject, or (ii) any pending litigation, judgment,
      decree, arbitration award, governmental order, statute, rule or
      regulation to which such Pledgor is subject, nor will this Pledge
      Agreement cause a dissolution or other termination of any Pledgor.  
    

    
                                (c)           The pledge, assignment, lien and
      security interest granted pursuant to this Pledge Agreement constitutes
      a valid, perfected first priority pledge, assignment, lien and security
      interest of or in all of the Collateral owned by Pledgors, enforceable
      as such against each Pledgor, all creditors of Pledgors and any person
      or entity purporting to purchase or otherwise acquire any Collateral
      from Pledgors (subject to applicable bankruptcy, insolvency,
      reorganization, moratorium or other similar laws relating to or
      affecting the rights of creditors generally).
    

    
                                (d)           The organizational documents of
      each Pledgor, as amended to date, are in full force and effect and no
      Pledgor is in default in the observance or performance of any term,
      covenant or condition of its organizational documents.  True, correct
      and complete copies of such organizational documents have been provided
      to Secured Party.  
    

    
      
        

        

      

      
        
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                                (e)           No approval by, authorization
      of, or filing with any federal, State or other governmental commission,
      agency or authority is necessary (i) in connection with the execution,
      delivery and performance by any Pledgor of this Pledge Agreement or the
      Note to which such Pledgor is a party, if any, or (ii) to perfect the
      security interests granted herein, except the filing of UCC Financing
      Statements pursuant to the Code.
    

    
                                (f)            No approval by or authorization
      or consent of any other person is necessary to authorize or validate the
      execution and delivery of this Pledge Agreement, or if such approval,
      authorization, or consent is necessary, such approval, authorization or
      consent has been obtained and a copy thereof has been provided to the
      Secured Party on the date hereof.
    

    
                                (g)           No Pledgor has issued or agreed
      to issue any options, puts, calls or other securities convertible into
      or exchangeable for, the Merchant Accounts, or any portion thereof and
      except as set forth in its organizational documents, no other person or
      entity has any claim on any portion of the  Merchant Accounts. Upon the
      occurrence of an Event of Default, if the Secured Party were to exercise
      its remedies hereunder, the Secured Party shall have all rights accruing
      to the Merchant Accounts.
    

    
                                (h)           There are no setoffs,
      counterclaims or defenses with respect to the Collateral owned by any
      Pledgor and no agreement, oral or written, has been made with any other
      person or party under which any deduction or discount may be claimed
      with respect to such Collateral, and no Pledgor knows of any fact which
      would prohibit or prevent any Pledgor from receiving all of such, or
      assigning or granting a security interest in the Collateral.
    

    
                                (i)            Each Pledgor will be benefited,
      directly and indirectly, by the Lender’s making the Note to the Company.
    

    
                                (j)            The transactions contemplated
      by this Pledge Agreement do not violate and do not require that any
      filing, registration or other act be taken with respect to any and all
      laws pertaining to the registration or transfer of securities, including
      without limitation the Securities Act of 1933, as amended, and any and
      all rules and regulations promulgated thereunder or any applicable state
      securities laws (collectively, the “Securities Laws”), as such laws are
      amended and in effect from time to time.  Each Pledgor shall at all
      times comply with the Securities Laws as the same pertain to all or any
      portion of the Collateral or any of the transactions contemplated by
      this Pledge Agreement.  
    

    
                                (k)           The execution and delivery by
      each Pledgor of this Pledge Agreement, the Guaranty and the Note to
      which such Pledgor is a party have been duly authorized by all necessary
      and appropriate action under Utah and California law, as applicable, and
      Pledgors’ organizational documents.
    

    
                               (l)             Within 10 days from the date of
      this Agreement the Pledgors shall notify the bank(s) (each a “Merchant
      Bank” and, collectively, the “Merchant Banks”), listed on Schedule B
      attached hereto and made part hereof, where the Merchant Accounts are
      held that the Pledgors have pledged security interests in the Collateral
      and/or Merchant Accounts, and regarding the terms and conditions of this
      Pledge Agreement.  The Pledgors shall undertake to cause each such
      Merchant Bank and any other owner of the Merchant Accounts to execute
      and deliver to the Lender the acknowledgement of this Agreement and the
      pledge of the Collateral, all in the form of Annex A annexed hereto.
    

    
                   4. Covenants of Pledgor.  Each Pledgor hereby jointly and
      severally covenants as follows that from and after the date hereof:
    

    
                          4.1. (a) Without the prior written consent of
      Secured Party, no Pledgor shall, either directly or indirectly,
      mortgage, sell, dispose of (whether directly or indirectly),
      hypothecate, pledge, create a security interest or lien upon, encumber,
      give or place in trust, any of the Merchant Accounts owned by Pledgor,
      or any other Collateral owned by such Pledgor, until the date on which
      all of the Secured Obligations have been fully and indefeasibly paid in
      full and otherwise performed.
    

    
      
        

        

      

      
        
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                                (b)           Each Pledgor shall defend, at
      Pledgors’ cost, Secured Party’s security interest in and to the Merchant
      Accounts or any other Collateral as applicable, against all Persons and
      against all claims and demands whatsoever.
    

    
                                (c)           Each Pledgor shall promptly
      notify Secured Party, in writing, of the imposition at any time of any
      claim, option, lien or encumbrance upon or against all or any portion of
      the Merchant Accounts and/or any other Collateral.
    

    
                                (d)           Each Pledgor shall, on Secured
      Party’s demand, furnish further reasonable assurance of its title with
      respect to the Merchant Accounts, or any other Collateral, execute any
      written agreement or do any other act reasonably necessary to effectuate
      the purposes and provisions of this Pledge Agreement and execute any
      instrument or statement required by law or otherwise in order to
      perfect, continue or terminate the security interest of Secured Party in
      the Merchant Accounts and the other Collateral.
    

    
                                 (e)          Each Pledgor shall promptly
      provide Secured Party with true and complete copies of any amendment or
      supplement to, or waiver under, its organizational documents.
    

    
                                 (f)           Each Pledgor shall promptly (i)
      notify Secured Party of any notice from any Merchant Bank regarding any
      change to the Collateral and/or Merchant Accounts, and (ii) provide
      Secured Party with true and complete copies of any correspondence from
      any Merchant Bank related thereto.
    

    
                          4.2. In no event shall any Pledgor do or permit to
      be done, or omit to do or permit the omission of, any act or thing, the
      doing or omission of which, would impair (i) the validity,
      enforceability, perfection or priority of the security interests granted
      herein, or (ii) the value of the Collateral, or (iii) the ability of
      Secured Party to realize upon its remedies provided in this Pledge
      Agreement or under the Code.
    

    
                          4.3. Upon the occurrence and during the continuance
      of an Event of Default under the Note, all Proceeds of the Collateral
      received by Pledgor shall be promptly delivered to Secured Party, in the
      same form as received, with the addition only of such endorsements and
      assignments as may be necessary to transfer title to Secured Party, and
      pending such delivery, such Proceeds shall be held in trust for Secured
      Party; and such Proceeds shall be applied to the Secured Obligations
      secured hereby pursuant to the terms of the Note.
    

    
                          4.4. Each Pledgor authorizes Secured Party, at the
      expense of Pledgors, to execute and file any financing statement or
      statements deemed necessary by Secured Party to perfect its security
      interest in the Collateral. Each Pledgor will sign, if required, and
      deliver any financing statements and other documents and perform such
      other acts as Secured Party deems necessary or desirable from time to
      time to establish and maintain in favor of Secured Party valid and
      perfected first priority security interest in the Collateral, free of
      all other liens, encumbrances, security interests and claims.  Each
      Pledgor shall also furnish to Secured Party all certificates or other
      instruments and papers evidencing or constituting any of the Collateral,
      together with appropriate endorsements and assignments and any
      information relating thereto, and shall take such actions as Secured
      Party may deem reasonably necessary or desirable from time to time to
      establish valid security interests in and to further protect and perfect
      its interest in the Collateral.
    

    
      
        

        

      

      
        
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                          4.5. Each Pledgor upon demand shall pay to Secured
      Party the amount of any and all expenses, including the reasonable fees
      and disbursements of counsel and of any experts and Secured Party’s,
      which Secured Party may incur in connection with: (i) the custody (for
      which such expenses shall be reasonable), preservation, use or operation
      of, or the sale of, collection from, or other realization upon, any of
      the Collateral; (ii) the exercise or enforcement of any of the rights of
      Secured Party hereunder; or (iii) the failure by any Pledgor to perform
      or observe any of the provisions hereof after the expiration of any
      applicable notice and/or cure periods.
    

    
                          4.6. Within ten (10) days of execution of this
      Pledge Agreement, Pledgor shall use its best efforts to cooperate with
      Secured Party to obtain and execute, along with each Merchant Bank, such
      Merchant Bank’s form of pledge agreement with respect to the Collateral
      and/or Merchant Accounts held by such Merchant Bank.
    

    
                          4.7. None of the Collateral and/or Merchant Accounts
      shall be subject to setoff, deduction or counterclaim, and shall be free
      and clear of and without any deduction or withholding for or on account
      of any taxes, levies, duties, charges, fees, restrictions or conditions
      of any nature now or hereafter imposed by any federal, state, country or
      local government or any political subdivision or taxing authority
      thereof or therein.
    

    
                   Without limiting the foregoing, the breach by any Pledgor
      of any of the covenants set forth in this Section 4 shall constitute an
      “Event of Default” under the Note.
    

    
                   5. Power of Attorney.  Each Pledgor hereby irrevocably
      appoints and instructs Secured Party as its attorney-in-fact, with full
      authority in the place and stead of such Pledgor and in the name of such
      Pledgor, Secured Party or otherwise, from time to time in Secured
      Party’s discretion to take any and all actions necessary and proper, to
      carry out the intent of this Pledge Agreement and to perfect and protect
      the lien, pledge, assignment and security interest of Secured Party
      created hereunder.  Each Pledgor hereby ratifies, approves and confirms
      all actions taken by Secured Party and its attorneys-in-fact pursuant to
      this Section 5.  Secured Party will not be liable for any acts of
      commission or omission nor for any error of judgment or mistake of fact
      or law with respect to its dealings with the Collateral unless such
      liability arises out of or from the gross negligence or willful
      misconduct of such party.  This power of attorney, being coupled with an
      interest, is irrevocable until the date upon which the Secured
      Obligations have been indefeasibly satisfied in full).  Without limiting
      the foregoing, if any Pledgor fails to perform any agreement or
      obligation contained herein, Secured Party may itself perform, or cause
      performance of, where necessary or advisable in the name or on behalf of
      such Pledgor, and at the expense of such Pledgor, as applicable.
    

    
                   6. Third Party Waivers.
    

    
                          6.1. Rights of Secured Party.  Each Pledgor
      authorizes Secured Party to perform any or all of the following acts at
      any time in its sole discretion, all without notice to any Pledgor,
      without affecting Pledgors’ obligations under this Pledge Agreement and
      without affecting the liens and encumbrances against the Collateral in
      favor of Secured Party:
    

    
                                (a) Secured Party may alter any terms of the
      Secured Obligations or any part thereof, including renewing,
      compromising, extending or accelerating, or otherwise changing the time
      for payment of, or increasing or decreasing the rate of interest on, the
      Secured Obligations or any part thereof.
    

    
      
        

        

      

      
        
          - 8 -
        

        
          

        

      

      
        

        

      

    

    
                                (b) Secured Party may take and hold security
      for the Secured Obligations, accept additional or substituted security,
      and subordinate, exchange, enforce, waive, release, compromise, fail to
      perfect and sell or otherwise dispose of any such security.
    

    
                                (c) Secured Party may direct the order and
      manner of any sale of all or any part of any security now or later to be
      held for the Secured Obligations, and Secured Party (or its nominees or
      designees) may also bid at any such sale.
    

    
                                (d) Secured Party may apply any payments or
      recoveries from any Pledgor or any other source, and any proceeds of any
      security, to the obligations under the Note in such manner, order and
      priority as Secured Party may elect.
    

    
                                (e) Secured Party may release any person or
      entity of its liability for the Secured Obligations or any part thereof..
    

    
                                (f) Secured Party may substitute, add or
      release any one or more guarantors or endorsers.
    

    
                               (g) Secured Party may make demand upon and
      receive from any or all Merchant Bank(s) for payment from the Merchant
      Accounts.
    

    
                          6.2. Absolute Obligations.  Each Pledgor expressly
      agrees that until all Secured Obligations are indefeasibly paid and
      performed in full and each and every term, covenant and condition of
      this Pledge Agreement, the Note and the Guaranty of each Pledgor is
      fully and indefeasibly performed, no Pledgor shall be released of its
      obligations, waivers and agreements set forth herein or under the
      Purchase Agreement, Guaranty or Note nor shall the validity,
      enforceability or priority of the liens and encumbrances against the
      Collateral in favor of Secured Party be affected in any manner by or
      because of:
    

    
                                (a) Any act or event which might otherwise
      discharge, reduce, limit or modify Pledgors’ obligations hereunder or
      under the Note or the Guaranty or the liens and encumbrances against the
      Collateral in favor of Secured Party;
    

    
                                (b) Any waiver, extension, modification,
      forbearance, delay or other act or omission of Secured Party or any
      failure to proceed promptly or otherwise as against Company, any
      Pledgor, or any other person or entity or any security;
    

    
                                (c) Any action, omission or circumstance which
      might increase the likelihood that Secured Party might enforce the
      rights granted under this Pledge Agreement or under the Note or the
      Guaranty or which might affect the rights or remedies of any Pledgor as
      against Company; or
    

    
                                (d) Any dealings occurring at any time between
      Company and Secured Party, whether relating to the Secured Obligations
      or otherwise.
    

    
                                (e) To the extent permitted by law, each
      Pledgor hereby expressly waives and surrenders any defense to the
      performance of the obligations under this Pledge Agreement and under the
      Purchase Agreement, Note or the Guaranty or to the enforcement of the
      liens and encumbrances against the Collateral in favor of Secured Party
      based upon any of the foregoing acts, omissions, agreements, waivers or
      matters described in this subsection.  It is the purpose and intent of
      this Pledge Agreement that the obligations of each Pledgor under this
      Pledge Agreement and under the Note or the Guaranty shall be absolute
      and unconditional under any and all circumstances, to the extent
      permitted by law.
    

    
                          6.3. Pledgors’ Waivers.  To the extent permitted by
      law, each Pledgor waives:
    

    
      
        

        

      

      
        
          - 9 -
        

        
          

        

      

      
        

        

      

    

    
                                (a) Any right it may have to require Secured
      Party to proceed against the Company, one or more Pledgor or any other
      person or entity, proceed against or exhaust any security held from the
      Company, any Pledgor or any person or entity, or pursue any other remedy
      in Secured Party’s power to pursue;
    

    
                                (b) Any defense based on any claim that
      Pledgors’ obligations exceed or are more burdensome than those of the
      Company or any other person;
    

    
                                (c) Any defense:  (i) based on any legal
      disability of any other person, (ii) based on any release, discharge,
      modification, impairment or limitation of the liability of any other
      person to Secured Party from any cause, whether consented to by Secured
      Party or arising by operation of law, (iii) arising out of or able to be
      asserted as a result of any case, action or proceeding before any court
      or other governmental authority relating to bankruptcy, reorganization,
      insolvency, liquidation, receivership, dissolution, winding-up or relief
      of any other person or any of their affiliates, or any general
      assignment for the benefit of creditors, composition, marshaling of
      assets for creditors or other, similar arrangement in respect of its
      creditors generally or any substantial portion of its creditors; in each
      case as undertaken under any U.S. Federal or State law (each of the
      foregoing described in this clause (iii) being referred to herein as an
      “Insolvency Proceeding”); or (iv) arising from any rejection or
      disaffirmance of the Secured Obligations, or any part thereof, or any
      security held therefor, in any such Insolvency Proceeding;
    

    
                                (d) Any defense based on any action taken or
      omitted by Secured Party in any Insolvency Proceeding involving any
      other person, including any election to have Secured Party’s claim
      allowed as being secured, partially secured or unsecured, any extension
      of credit by Secured Party to any other person in any Insolvency
      Proceeding, and the taking and holding by Secured Party of any security
      for any such extension of credit;
    

    
                                (e) All presentments, demands for performance,
      notices of nonperformance, protests, notices of protest, notices of
      dishonor, notices of intention to accelerate, notices of acceleration,
      notices of acceptance of this Pledge Agreement and of the existence,
      creation, or incurring of new or additional indebtedness, and demands
      and notices of every kind; and
    

    
                                (f) Except for such notices as required by the
      Note or Guaranty, any defense based on or arising out of any defense
      that Company or any of its respective affiliates may have to the payment
      or performance of the Secured Obligations.  
    

    
                          6.4. Waiver of Subrogation and Other Rights.
    

    
                                (a) Upon the occurrence and during the
      continuance of any Event of Default, in its sole discretion, without
      prior notice to or consent of any Pledgor, Secured Party may elect to
      (but subject to the terms of this Agreement and the Note or the
      Guaranty):  (i) foreclose against any Collateral for the Secured
      Obligations, (ii) accept a transfer of any such Collateral for the
      Secured Obligations in lieu of foreclosure, (iii) compromise or adjust
      the Secured Obligations or any part thereof or make any other
      accommodation with Company or any person or entity, or (iv) exercise any
      other remedy against Company or any person or entity or any Collateral
      for the Secured Obligations.  No such action by Secured Party shall
      release or limit Secured Party’s rights hereunder or under the Note or
      the Guaranty, even if the effect of the action is to deprive such
      Pledgor of any subrogation rights, rights of indemnity, or other rights
      to collect reimbursement from such Pledgor or any other person or entity
      for any sums paid to Secured Party, whether contractual or arising by
      operation of law or otherwise.  Each Pledgor expressly agrees that under
      no circumstances shall any Pledgor be deemed to have any right, title,
      interest or claim in or to any real or personal property to be held by
      Secured Party or any third party after any foreclosure or transfer in
      lieu of foreclosure of any security for the Secured Obligations.
    

    
      
        

        

      

      
        
          - 10 -
        

        
          

        

      

      
        

        

      

    

    
                                (b) Regardless of whether any Pledgor may have
      made any payments to Secured Party, until such time as all Secured
      Obligations are fully, finally and indefeasibly paid to Secured Party,
      each Pledgor waives, to the extent permitted by law and subject to
      Section 6(c) below, (all of the following rights, collectively,
      “Pledgors’ Conditional Rights”):  (i) all rights of subrogation, all
      rights of indemnity, and any other rights to collect reimbursement from
      Company on account of the Collateral encumbered by this Pledge
      Agreement, whether contractual or arising by operation of law (including
      the United States Bankruptcy Code or any successor or similar statute)
      or otherwise; (ii) all rights to enforce any remedy that Secured Party
      may have against any Pledgor or any person or entity granting collateral
      for the Secured Obligations; and (iii) all rights to participate in any
      Collateral now or later to be held by Secured Party.
    

    
                                (c) Subject to the full, final and
      indefeasible payment of all Secured Obligations to Secured Party, each
      Pledgor shall retain its rights to seek contribution and reimbursement
      from, and rights of subrogation with respect to, the other guarantors to
      the extent the Secured Obligations hereunder render Pledgor
      insolvent.  Such rights of subrogation, contribution and reimbursement
      shall be subordinate to the Secured Obligations, and no Pledgor shall
      enforce any such rights until the Secured Obligations shall have been
      finally paid in full.
    

    
                   7. Miscellaneous.
    

    
                          7.1. Notices.  All notices, consents, approvals and
      requests required or permitted hereunder shall be given in writing and
      shall be effective for all purposes if hand delivered or sent by (a)
      certified or registered United States mail, postage prepaid, return
      receipt requested, (b) international courier service, or (c) by
      telecopier (with answer back acknowledged), addressed as follows (or at
      such other address and person as shall be designated from time to time
      by any party hereto, as the case may be), in a written notice to the
      other parties hereto in the manner provided for in the Purchase
      Agreement.
    

    
                   A notice shall be deemed to have been given:  In the case
      of hand delivery, at the time of delivery; in the case of registered or
      certified mail, when delivered or the first attempted delivery on a
      Business Day; or in the case of expedited prepaid delivery, upon the
      first attempted delivery on a Business Day; or in the case of telecopy,
      upon sender’s receipt of a machine-generated confirmation of successful
      transmission after advice by telephone to recipient that a telecopy
      notice is forthcoming.
    

    
                          7.2. Entire Agreement.  This Agreement, the Purchase
      Agreement, the Note and the Guaranty contain the entire agreement of the
      parties hereto and thereto in respect of the transactions contemplated
      hereby and thereby, and all prior agreements among or between such
      parties, whether oral or written, between Pledgors and Lender are
      superseded by the terms of this Agreement and the Note or the
      Guaranty.  THIS AGREEMENT MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
      CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  NO COURSE
      OF DEALING BETWEEN PLEDGORS AND LENDER, NO COURSE OF PERFORMANCE, NO
      TRADE PRACTICES AND NO EXTRINSIC EVIDENCE OF ANY NATURE MAY BE USED TO
      CONTRADICT OR MODIFY ANY TERM OF THIS PLEDGE AGREEMENT.  THERE ARE NO
      ORAL AGREEMENTS BETWEEN PLEDGORS AND LENDER.
    

    
                          7.3. Termination of Pledge Agreement.   Upon the
      indefeasible payment in full of all Secured Obligations, the security
      interest granted hereby shall terminate and all rights to the Collateral
      shall revert to the Pledgors, and, at the request of Pledgors, Secured
      Party shall execute and deliver to Pledgors a written release and
      termination of this Agreement, subject to the Surviving Obligations.  
    

    
                          7.4. No Waiver.  No failure or delay on the part of
      Secured Party in the exercise of any power, right or privilege hereunder
      shall impair such power, right or privilege or be construed to be a
      waiver of any default or acquiescence therein, nor shall any single or
      partial exercise of any such power, right or privilege preclude any
      other for further exercise thereon for of any other power, right or
      privilege.  All rights and remedies existing under this Pledge Agreement
      are cumulative to, and not exclusive of, any rights or remedies
      otherwise available.
    

    
      
        

        

      

      
        
          - 11 -
        

        
          

        

      

      
        

        

      

    

    
                          7.5. Amendments.  No amendment, modification,
      supplement, termination or waiver of any provision of this Pledge
      Agreement, and no consent to any departure by any Pledgor therefrom,
      shall in any event be effective unless the same shall be in writing and
      signed by Secured Party and, in the case of any such amendment,
      modification or supplement by Pledgor.  Any such waiver or consent shall
      be effective only in the specific instance and for the specific purpose
      for which it was given.
    

    
                          7.6. Severability.  All provisions of this Pledge
      Agreement shall be considered as separate terms and conditions, and in
      the event anyone shall be held illegal, invalid or unenforceable, all
      the other provisions hereof shall remain in full force and effect as if
      the illegal, invalid or unenforceable provision were not a part hereof..
    

    
                          7.7. GOVERNING LAW; CONSENT TO JURISDICTION.  THIS
      PLEDGE AND THE OBLIGATIONS ARISING HEREUNDER SHALL BE GOVERNED BY AND
      CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
      APPLICABLE TO CONTRACTS MADE AND PERFORMED IN THE STATE OF NEW YORK
      WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS, AND ANY APPLICABLE
      LAWS OF THE UNITED STATES OF AMERICA.  PLEDGORS HEREBY CONSENTS TO THE
      JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN THE COUNTY OF
      NEW YORK, STATE OF NEW YORK AND IRREVOCABLY AGREES THAT, SUBJECT TO
      LENDER’S ELECTION, ALL ACTIONS OR PROCEEDINGS ARISING OUT OF OR RELATING
      TO THIS PLEDGE SHALL BE LITIGATED IN SUCH COURTS.  EACH PLEDGOR ACCEPTS
      FOR ITSELF AND IN CONNECTION WITH THE COLLATERAL, GENERALLY AND
      UNCONDITIONALLY, THE NONEXCLUSIVE JURISDICTION OF THE AFORESAID COURTS
      AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS, IRREVOCABLY SUBMITS TO
      THE JURISDICTION OF SUCH COURTS AND IRREVOCABLY AGREES TO BE BOUND BY
      ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS LOAN AGREEMENT,
      THE NOTE, SUCH OTHER LOAN DOCUMENTS OR SUCH OBLIGATION.  NOTHING HEREIN
      SHALL AFFECT THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY
      LAW OR SHALL LIMIT THE RIGHT OF LENDER TO BRING PROCEEDINGS AGAINST ANY
      PLEDGOR IN THE COURTS OF ANY OTHER JURISDICTION.  
    

    
                          7.8. WAIVER OF JURY TRIAL.  EACH PLEDGOR AND LENDER
      MUTUALLY, EXPRESSLY, IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY
      FOR ANY PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT
      IN THE INTEREST OF AVOIDING DELAY AND EXPENSES ASSOCIATED WITH JURY
      TRIALS.
    

    
                          7.9. Counterparts.  This Pledge Agreement may be
      executed in one or more counterparts and by different parties hereto in
      separate counterparts, each of which when so executed and delivered
      shall be deemed an original, but all such counterparts together shall
      constitute but one and the same instrument; signature pages may be
      detached from multiple separate counterparts and attached to a single
      counterpart so that all signature pages are physically attached to the
      same document.
    

    
      
        

        

      

      
        
          - 12 -
        

        
          

        

      

      
        

        

      

    

    
      IN WITNESS WHEREOF, Pledgor and Secured Party have executed this Pledge
      Agreement as of the date first above written.
    

    
    	

        	
          PLEDGORS:
        
	

        	
           
        
	

        	
          LEGACY MEDIA LLC
        
	

        	
           
        
	

        	
          By:________________________________
        
	

        	
          Michael Hill, Manager
        
	

        	
           
        
	

        	
          CONSUMER LOYALTY GROUP LLC
        
	

        	
           
        
	

        	
          By:________________________________
        
	

        	
          Michael Hill, Manager
        
	

        	
           
        
	

        	
          COMMERCE PLANET, INC.
        
	

        	
           
        
	

        	
          By:________________________________
        
	

        	
          Anthony Roth, President
        
	

        	
           
        
	
          SECURED PARTY:
        	

        
	

        	
           
        
	
          MORLEX, INC.
        	

        
	

        	
           
        
	
          By:______________________________
        	

        
	
          Richard Berman,
        	

        
	
          Chief Executive Officer
        	

        
	
          and President
        	

        

    

    
      
        

        

      

      
        
          - 13 -
        

        
          

        

      

      
        

        

      

    

    

    

    
      Annex A
    

    
      Form of Merchant Account Acknowledgement
    

    
                   The undersigned hereby acknowledges and agrees that,
      pursuant to a Pledge and Security Agreement, dated September __, 2008
      (the “Pledge Agreement”) between and among COMMERCE PLANET, INC., a Utah
      corporation (the “Company”) with an address at 30 S. La Patera Lane,
      Goleta, CA 93117, LEGACY MEDIA LLC, a California limited liability
      company and wholly-owned subsidiary of, with the same address as, the
      Company (“Legacy”), and CONSUMER LOYALTY GROUP LLC, a California limited
      liability company and wholly-owned subsidiary of, with the same address
      as, the Company (“Consumer” and together with Legacy, the “Pledgors”),
      for the benefit of MORLEX, INC., a Colorado corporation (the “Lender” or
      “Secured Party”), the Lender has been granted and continues to hold a
      first lien security interest in and to all of the Merchant Accounts (as
      defined in the Pledge Agreement), and (ii) all Proceeds (as defined in
      the Pledge Agreement) of such Merchant Accounts (collectively, the
      “Collateral”), as collateral security for the repayment of a $200,000
      note together with all accrued interest thereon.  The undersigned, in
      connection with its possession and control of a portion of the
      Collateral, hereby agrees to comply with any “instructions” (as defined
      in Section 8-102(a)(12) of the UCC) originated by Secured Party without
      further consent of Pledgor, including, without limitation, instructions
      regarding to the withdrawal, transfer and/or disposition of any and all
      funds contained within such Merchant Accounts.  By executing and
      delivering this Agreement, each of the undersigned hereto intend to
      establish Lender’s control over the Collateral for purposes of the
      provisions of Section 8-106(c)(2) of the UCC.
    

    

    

    
      - 14 -Exhibit 10.5
    

    
      FORM OF UNCONDITIONAL GUARANTY AGREEMENT
    

    
      THIS UNCONDITIONAL GUARANTY AGREEMENT (this “Guaranty”),
      dated as of the __TH day of September 2008, is made by LEGACY
      MEDIA LLC, a California limited liability company (“Legacy”),
      and CONSUMER LOYALTY GROUP LLC, a California limited liability
      company (“Consumer”), each having an address at c/o COMMERCE
      PLANET, INC., a Utah corporation (the “Company”) with
      an address at 30 S. La Patera Lane, Goleta, CA 93117, for the benefit of
      MORLEX, INC., a Colorado corporation (hereinafter referred to as “Morlex”).  Legacy
      and Consumer are hereinafter referred to individually as a “Guarantor”
      and collectively as the “Guarantors.”
    

    
      W I T N E S S E T H :
    

    
      WHEREAS, the Guarantors are each wholly-owned subsidiaries of the
      Company;
    

    
      WHEREAS, the parties hereto are parties to the Asset Purchase Agreement
      (the “Purchase Agreement”) dated as of the 16th
      day of September 2008, by and among the Company, the Guarantors, Morlex
      and Superfly Advertising, Inc., an Indiana corporation and wholly-owned
      subsidiary of Morlex (the “Purchaser”).  Pursuant to the
      Purchase Agreement, the Guarantors have agreed to sell and Purchaser has
      agreed to purchase certain of the assets used or held for use by the
      Guarantors in the conduct of the Business in consideration of the
      Purchase Price and the Assumed Liabilities (the “Acquisition”).  
    

    
      WHEREAS, in connection with the Purchase Agreement, Morlex has agreed to
      make a loan to the Company in the original principal amount of $200,000
      as evidenced by a secured convertible promissory note dated of even date
      herewith (the “Note”) made by the Company (the “Maker”)
      in favor of Morlex or any subsequent holder of such Note (the “Payee”);
    

    
      WHEREAS, as an inducement and a condition to the willingness of Morlex
      and the Purchaser to make the Loan and enter into the Purchase
      Agreement, as applicable, Morlex desires the Guarantors to agree, and
      the Guarantors are willing to agree, to execute and deliver this
      Guaranty and jointly and severally guarantee payment to Morlex of the
      Guaranteed Amount (as herein defined) at the time and in the manner
      hereinafter provided;
    

    
      WHEREAS, each Guarantor agrees that it is in its best interest to
      guaranty the Guaranteed Amount, and is delivering this Guaranty with the
      intent that Morlex and the Purchaser rely hereon, and acknowledging that
      Morlex and the Purchaser are so relying and that it is reasonable for
      them to do so.
    

    
      NOW, THEREFORE, in consideration of the premises and other good and
      valuable consideration, the receipt and sufficiency of which is hereby
      acknowledged by each Guarantor, and in order to induce Morlex to make
      the loan evidenced by the Note, each Guarantor intending to be legally
      bound hereby covenants and agrees as follows:
    

    
                1.       (a)       Unless otherwise separately defined herein,
      all capitalized terms, when used in this Guaranty shall have the same
      meaning as is defined in the Note.
    

    
                          (b)       Each Guarantor hereby absolutely and
      unconditionally jointly and severally guarantees to Morlex the payment
      in full of the Note, of the sum of (i) the entire (US) $200,000
      principal amount of the Note, (ii) all accrued interest due thereon, and
      (iii) any Penalty Interest that may be due and payable, in each case in
      accordance with the terms of the Note (such aggregate sum is referred to
      as the “Guaranteed Amount”).  
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      2.        Each Guarantor covenants to and shall, with or without notice
      or demand, (i) reimburse Morlex for all costs and expenses (including,
      without limitation, reasonable attorney’s fees) paid or incurred by
      Morlex in connection with Morlex’s review and analysis of the Loan and
      viability thereof for Morlex’s purposes, negotiation of the terms
      thereof and of this Guaranty, documentation of this Guaranty and related
      matters, and the collection of the Guaranteed Amount or any portion
      thereof (whether or not an action is brought for such collection) or in
      any action or proceeding brought by Morlex to enforce any of the
      covenants, indemnities and obligations of each Guarantor under this
      Guaranty.
    

    
      3.        All moneys available to Morlex for application in payment of
      the Guaranteed Amount may be applied by Morlex in such manner and in
      such amounts and at such time or times and in such order, priority and
      proportions as Morlex may to the payment or reduction of such portion of
      the Guaranteed Amount Morlex may elect.
    

    
      4.        Each Guarantor hereby waives (a) notice of acceptance of this
      Guaranty; (b) presentment and demand for payment of the Guaranteed
      Amount or any portion thereof; (c) protest and notice of dishonor or
      default to him or to any other person or party with respect to the
      Guaranteed Amount or any portion thereof; (d) all other notices to which
      he undersigned might otherwise be entitled; and (e) any demand for
      payment under this Guaranty.
    

    
      5.        This is a Guaranty of payment and not of collection and each
      Guarantor further waives any right to require that any action be brought
      against the Maker or any other person or party or to require that resort
      be had to any security or to any balance of any deposit account or
      credit on the books of Morlex in favor of or any other person or
      party.  The obligations hereunder are independent of the obligations of
      the Partnership or any other person or entity to Morlex, and a separate
      action or actions may be brought and prosecuted against each Guarantor
      whether action is brought against the Maker or any other person or
      entity or whether any other person or entity be joined in any such
      action or actions; and each Guarantor waives the benefit of any statute
      of limitations affecting his covenants, obligations and liabilities
      hereunder or the enforcement thereof.  
    

    
      6.        Each reference herein to Morlex shall be deemed to include his
      successors and assigns or any other Payee of the Note, in whose favor
      the provisions of this Guaranty shall also inure. Each reference herein
      to each Guarantor shall be deemed to include the heirs, executors,
      administrators, legal representatives, successors and assigns of each
      Guarantor, all of whom shall be bound by the provisions of this
      Guaranty, provided, however, that each Guarantor shall in no event or
      under any circumstance have the right without obtaining the prior
      written consent of Morlex to assign or transfer the obligations and
      liabilities of each Guarantor under this Guaranty, in whole or in part,
      to any other person, party or entity.
    

    
      7.        No delay on the part of Morlex in exercising any right or
      remedy under this Guaranty or failure to exercise the same shall operate
      as a waiver in whole or in part of any such right or remedy. No notice
      to or demand on each Guarantor shall be deemed to be a waiver of the
      obligation of each Guarantor or of the right of Morlex to take further
      action without notice or demand as provided in this Guaranty.
    

    
      8.        This Guaranty may be modified, amended, changed or terminated
      only by an agreement in writing signed by Morlex and each Guarantor.  No
      waiver of any term, covenant or provision of this Guaranty shall be
      effective unless given in writing by Morlex and if so given by Morlex
      shall be effective only in the specific instance in which given.
    

    
      
        

        

      

      
        
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      9.        Each Guarantor acknowledges that this Guaranty and his and its
      obligations under this Guaranty are and shall at all times continue to
      be absolute and unconditional in all respects, and shall at all times be
      valid and enforceable irrespective of any other agreements or
      circumstances of any nature whatsoever which might otherwise constitute
      a defense to this Guaranty and the obligations of each Guarantor under
      this Guaranty or the obligations of any other person or party
      (including, without limitation, the Partnership) relating to this
      Guaranty or otherwise with respect to the Guaranteed Amount.
    

    
      10.       This Guaranty sets forth the entire agreement and
      understanding of Morlex and each Guarantor, and each Guarantor
      absolutely, unconditionally and irrevocably waives any and all right to
      assert any defense, setoff, counterclaim or crossclaim of any nature
      whatsoever with respect to this Guaranty or the obligations of each
      Guarantor under this Guaranty or the obligations of any other person or
      party relating to this Guaranty or otherwise with respect to the
      Guaranteed Amount, or in any action or proceeding brought by Morlex to
      collect the same, or any portion thereof, or to enforce the obligations
      of each Guarantor under this Guaranty.  Each Guarantor acknowledges that
      no oral or other agreements, understandings, representations or
      warranties exist with respect to this Guaranty or with respect to the
      obligations of each Guarantor under this Guaranty, except those
      specifically set forth in this Guaranty.
    

    
      11.       Each Guarantor hereby irrevocably and unconditionally waives
      any and all right to trial by jury in any action, suit or counterclaim
      arising in connection with, out of or otherwise relating to this
      Guaranty.
    

    
      12.       Notwithstanding anything to the contrary contained in this
      Guaranty, each Guarantor hereby unconditionally and irrevocably waives,
      releases and abrogates any and all rights it may now or hereafter have
      under any agreement, at law or in equity (including, without limitation,
      any  law subrogating each Guarantor to the rights of Morlex), to assert
      any claim against or seek contribution, indemnification or any other
      form of reimbursement from the Maker or any other party liable for
      payment of any or all of the Guaranteed Amount for any payment made by
      each Guarantor under or in connection with this Guaranty or otherwise.
    

    
      13.       Any notice, request or demand given or made under this
      Guaranty shall be in writing and shall be hand delivered or sent by
      Federal Express or other reputable courier service or by postage prepaid
      registered or certified mail, return receipt requested, and shall be
      deemed given when received (or when delivery is refused) at the
      addresses set forth in the “Purchase Agreement” (as that term is defined
      in the Note) if hand delivered or if sent by Federal Express or other
      reputable courier service, or if sent by registered or certified mail,
      return receipt requested.  Each party to this Guaranty may designate a
      change of address by notice given to the other party fifteen (15) days
      prior to the date such change of address is to become effective.
    

    
      14.       This Guaranty is, and shall be deemed to be, a contract
      entered into under and pursuant to the laws of the State of New York and
      shall in all respects be governed, construed, applied and enforced in
      accordance with the laws of the State of New York. No defense given or
      allowed by the laws of any other state or country shall be interposed in
      any action or proceeding hereon unless such defense is also given or
      allowed by the laws of the State of New York.  Each Guarantor agrees to
      submit to personal jurisdiction in the State of New York in any action
      or proceeding arising out of this Guaranty and, in furtherance of such
      agreement, each Guarantor hereby agrees and consents that without
      limiting other methods of obtaining jurisdiction, personal jurisdiction
      over each Guarantor in any such action or proceeding may be obtained
      within or without the jurisdiction of any court located in Orange
      County, New York and that any process or notice of motion or other
      application to any such court in connection with any such action or
      proceeding may be served upon each Guarantor by registered or certified
      mail to or by personal service at the last known address of each
      Guarantor, whether such address be within or without the jurisdiction of
      any such court.
    

    
      
        

        

      

      
        
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      15.       Miscellaneous.
    

    
      (a)       Rights of Morlex.  Each
      Guarantor authorizes Morlex, without notice or demand and without
      affecting each Guarantor’s liability hereunder, from time to time to:
    

    
      (i)  renew, compromise, extend, accelerate, or otherwise change the time
      for payment, or otherwise change the terms, of the Guaranteed Amount or
      any part thereof, including increase or decrease of the Guaranteed
      Amount and/or the Penalty Interest;
    

    
      (ii)  receive and hold security for the payment of this Guaranty or
      repayment of the Guaranteed Amount and exchange, enforce, waive,
      release, fail to perfect, sell, or otherwise dispose of any such
      security;
    

    
      (iii)  apply such security and direct the order or manner of sale
      thereof as Morlex in its discretion may determine; and
    

    
      (iv) apply payments received from the Maker or each Guarantor, or any of
      them, to the Guaranteed Amount, or other amounts then due and payable to
      Morlex in such order as Morlex may determine in his sole and absolute
      discretion.
    

    
      (b)       Guaranty to be Absolute.  Each
      Guarantor agrees that until the Guaranteed Amount shall have been
      irrevocably paid to Morlex in full and any commitments of Maker or
      commitments provided by Maker with respect to the Loan have been
      terminated, each Guarantor shall not be released by or because of:
    

    
      (i)  any act or event which might otherwise discharge, reduce, limit, or
      modify each Guarantor’s obligations under this Guaranty;
    

    
      (ii)  any waiver, extension, modification, forbearance, delay, or other
      act or omission of Morlex, or its failure to proceed promptly or
      otherwise as against the Maker, each Guarantor or any security;
    

    
      (iii)  any action, omission, or circumstance which might increase the
      likelihood that each Guarantor may be called upon to perform under this
      Guaranty or which might affect the rights or remedies of each Guarantor
      as against the Maker;
    

    
      (iv)  any dealings occurring at any time between the Maker and Morlex,
      whether relating to any of the Loan or otherwise; or
    

    
      
        

        

      

      
        
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      (v)  any action of Morlex described in Section 15(a) above.
    

    
      Each Guarantor acknowledges that absent the foregoing, each Guarantor
      might have a defense to the enforcement of this Guaranty as a result of
      one or more of the foregoing acts, omissions, agreements, waivers, or
      matters.  Each Guarantor waives and surrenders any defense to any
      liability under this Guaranty based upon any of such acts, omissions,
      agreements, waivers, or matters.  It is the express intent of each
      Guarantor that all of each Guarantor’s obligations under this Guaranty
      are and shall be absolute and unconditional.
    

    
      (c)       Waivers of Certain
      Rights and Certain Defenses.  Each Guarantor waives:
    

    
      (i)  any right to require Morlex to proceed against the Maker or any
      other person or entity, proceed against or exhaust any security or other
      support for the Loan or amounts due under this Guaranty, or pursue any
      other remedy in Morlex’s power whatsoever.
    

    
      (ii)  any defense arising by reason of any disability or other defense
      of the Maker (including without limitation that the execution and
      delivery of the Note evidencing the Loan was not properly authorized, or
      that the signatory thereof lacked proper power and authority, or that it
      was not duly or properly executed or delivered, or that it is not
      enforceable against the Maker for some other reason), or the cessation
      from any cause whatsoever of the liability of the Maker;
    

    
      (iii)  any defense based on any claim that each Guarantor’s obligations
      exceed or are more burdensome than those of the Maker;
    

    
      (iv)  the benefit of any statute of limitations affecting each
      Guarantor’s liability hereunder;
    

    
      (v)  any defense arising out of any action of Morlex described in
      Sections 15(a) and (b) above; and
    

    
      (vi)  any statute or decision, that otherwise may require Morlex to
      proceed against or exhaust any security held by Morlex at any time or to
      pursue any other remedy in Morlex’s power before proceeding against any
      each Guarantor.
    

    
      (d)       Waiver of Subrogation.  Each
      Guarantor shall have no right of, and hereby waives any right of,
      subrogation, reimbursement, indemnification, and contribution
      (contractual, statutory, or otherwise) including, without limitation,
      any claim or right of subrogation under the Bankruptcy Code (Title 11,
      United States Code) or any successor statute, arising from the existence
      or performance of this Guaranty, and each Guarantor waives any right to
      enforce any remedy which Morlex now has or may hereafter have against
      the Maker and waives any benefit of, and any right to participate in,
      any security now or hereafter held by Morlex.
    

    
      (e)       Waiver of Notices.  Each
      Guarantor waives all presentments, demands for performance, notices of
      nonperformance or other defaults, protests, notices of protest, notices
      of dishonor, notices of intent to accelerate, notices of acceleration,
      notices of any suit or any other action against the Maker or any other
      person, any other notices to Maker or otherwise (including each
      Guarantor and his or its affiliates), notices of acceptance of this
      Guaranty, and notices of the existence, creation, or incurring of any
      new or additional Loan.
    

    
      
        

        

      

      
        
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      (f)       Reinstatement of Guaranty.  If
      this Guaranty is revoked, returned, or canceled, and subsequently any
      payment or transfer of any interest in property by the Maker or each
      Guarantor to Morlex is rescinded or must be returned by Morlex to the
      Maker or each Guarantor, as applicable, this Guaranty shall be
      reinstated with respect to any such payment or transfer, regardless of
      any such prior revocation, return, or cancellation.   Without limiting
      the generality of  the foregoing, this Guaranty shall continue to be
      effective or be reinstated, as the case may be, if at any time any
      distribution by the Maker to Morlex or other amount received by Morlex
      is avoided as a preference, or on any other grounds provided by law, or
      must otherwise be returned by Morlex as a result of an order for relief
      being entered with respect to the Maker or any other person or entity
      under the United States Bankruptcy Code, or as a result of the
      Maker’s or any other person’s or entity’s assignment for the benefit of
      creditors.
    

    
      (g)       Successors and Assigns.  This
      Guaranty (i) binds each Guarantor and each Guarantor’s executors,
      administrators, successors, and assigns, and (ii) inures to the benefit
      of Morlex and Morlex’s endorsees, successors, and assigns. This
      Agreement may not be assigned by either Guarantor.
    

    
      (h)  Costs and Expenses.  Each Guarantor agrees to pay,
      and shall pay promptly upon demand, all reasonable attorneys' fees and
      all other costs and expenses which may be incurred by Morlex (i) in the
      negotiation, preparation and review of the Loan and related documents,
      this Guarantee and other investigations related to Morlex’s making of
      the Loan, (ii) in the enforcement of this Guaranty and (iii) in the
      preservation, protection, or enforcement of any rights of Morlex in any
      case commenced by or against each Guarantor under the Bankruptcy Code
      (Title 11, United States Code) or any similar or successor statute.
    

    
      (i)  Severability of Provisions; Amendment of this Guaranty.  If
      any term, provision, covenant or condition of this Guaranty is held by a
      court or other tribunal of competent jurisdiction to be invalid, void or
      unenforceable, the remainder of the provisions shall remain in full
      force and effect and shall in no way be affected, impaired or
      invalidated.  This Guaranty is intended by each Guarantor and Morlex as
      the final expression of each Guarantor’s obligations and liabilities to
      Morlex described herein and is intended as a complete statement of their
      agreement concerning the subject matter hereof.  This Guaranty may be
      amended only by a writing signed by each Guarantor and agreed to by
      Morlex in writing.
    

    

    

    
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      IN WITNESS WHEREOF, each Guarantor has duly executed and
      delivered this Guaranty to Morlex as of the day and year first above set
      forth.
    

    

    

    
    	
           
        	
          LEGACY MEDIA LLC
        
	
           
        
	
           
        
	

        	
          By:________________________________
        
	

        	
          Michael Hill, Manager
        
	
           
        
	
           
        
	

        	
          CONSUMER LOYALTY GROUP LLC
        
	
           
        
	
           
        
	

        	
          By:________________________________
        
	

        	
          Michael Hill, Manager
        

    

    

    

    
      7

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