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ex10-8.htm

    
      

      

    

    

      REGISTRATION
        RIGHTS AGREEMENT

       

      REGISTRATION
        RIGHTS AGREEMENT (this “Agreement”), dated as of December 26,
        2007, by and among Juniper Group, Inc., a Nevada corporation, with headquarters
        located at 20283 State Road, Boca Raton, FL 33498 (the
“Company”), and each of the undersigned (together with their
        respective affiliates and any assignee or transferee of all of their respective
        rights hereunder, the “Initial Investors”).

       

      WHEREAS:

       

      A.           In
        connection with the Securities Purchase Agreement by and among the parties
        hereto of even date herewith (the “Securities Purchase Agreement”), the Company
        has agreed, upon the terms and subject to the conditions contained therein,
        to
        issue and sell to the Initial Investors (i) secured convertible notes in
        the aggregate principal amount of up to One Hundred Thousand Dollars ($100,000)
        (the “Notes”) that are convertible into shares of the Company’s common stock
        (the “Common Stock”), upon the terms and subject to the limitations and
        conditions set forth in such Notes and (ii) warrants (the “Warrants”) to
        acquire an aggregate of 1,000,000 shares of Common Stock, upon the terms
        and
        conditions and subject to the limitations and conditions set forth in the
        Warrants; and

       

      B.           To
        induce the Initial Investors to execute and deliver the Securities Purchase
        Agreement, the Company has agreed to provide certain registration rights
        under
        the Securities Act of 1933, as amended, and the rules and regulations
        thereunder, or any similar successor statute (collectively, the “1933
        Act”), and applicable state securities laws;

       

      NOW,
        THEREFORE, in consideration of the premises and the mutual covenants
        contained herein and other good and valuable consideration, the receipt and
        sufficiency of which are hereby acknowledged, the Company and each of the
        Initial Investors hereby agree as follows:

       

      1.           DEFINITIONS.

       

      a.           As
        used in this Agreement, the following terms shall have the following
        meanings:

       

      (i)           “Investors”
        means the Initial Investors and any transferee or assignee who agrees to
        become
        bound by the provisions of this Agreement in accordance with Section 9
        hereof.

       

      (ii)           “register,”
        “registered,” and “registration” refer to a
        registration effected by preparing and filing a Registration Statement or
        Statements in compliance with the 1933 Act and pursuant to Rule 415 under
        the
        1933 Act or any successor rule providing for offering securities on a continuous
        basis (“Rule 415”), and the declaration or ordering of
        effectiveness of such Registration Statement by the United States Securities
        and
        Exchange Commission (the “SEC”).

       

      (iii)           “Registrable
        Securities” means the Conversion Shares issued or issuable upon
        conversion or otherwise pursuant to the Notes and Additional Notes
        (as

       

      
        
           

        

        
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      defined
        in the Securities Purchase Agreement) including, without limitation, Damages
        Shares (as defined in the Notes) issued or issuable pursuant to the Notes,
        shares of Common Stock issued or issuable in payment of the Standard Liquidated
        Damages Amount (as defined in the Securities Purchase Agreement), shares
        issued
        or issuable in respect of interest or in redemption of the Notes in accordance
        with the terms thereof) and Warrant Shares issuable, upon exercise or otherwise
        pursuant to the Warrants and Additional Warrants (as defined in the Securities
        Purchase Agreement), and any shares of capital stock issued or issuable as
        a
        dividend on or in exchange for or otherwise with respect to any of the
        foregoing.

       

      (iv)           “Registration
        Statement” means a registration statement of the Company under the 1933
        Act.

       

      b.           Capitalized
        terms used herein and not otherwise defined herein shall have the respective
        meanings set forth in the Securities Purchase Agreement or the Convertible
        Note.

       

      2.           REGISTRATION.

       

      a.           Mandatory
        Registration.  The Company shall prepare, and, on or
        prior to fifteen (15) days from the date of receipt of written demand of
        the
        Investors (the “Filing Date”), file with the SEC a Registration
        Statement on Form S-3 (or, if Form S-3 is not then available, on such form
        of
        Registration Statement as is then available to effect a registration of the
        Registrable Securities, subject to the consent of the Initial Investors,
        which
        consent will not be unreasonably withheld) covering the resale of the
        Registrable Securities underlying the Notes and Warrants issued or issuable
        pursuant to the Securities Purchase Agreement, which Registration Statement,
        to
        the extent allowable under the 1933 Act and the rules and regulations
        promulgated thereunder (including Rule 416), shall state that such Registration
        Statement also covers such indeterminate number of additional shares of Common
        Stock as may become issuable upon conversion of or otherwise pursuant to
        the
        Notes and exercise of the Warrants to prevent dilution resulting from stock
        splits, stock dividends or similar transactions.  The number of shares
        of Common Stock initially included in such Registration Statement shall be
        no
        less than an amount equal to two (2) times the sum of the number of Conversion
        Shares that are then issuable upon conversion of the Notes and Additional
        Notes
        (based on the Variable Conversion Price as would then be in effect and assuming
        the Variable Conversion Price is the Conversion Price at such time), and
        the
        number of Warrant Shares that are then issuable upon exercise of the Warrants,
        without regard to any limitation on the Investor’s ability to convert the Notes
        or exercise the Warrants.  The Company acknowledges that the number of
        shares initially included in the Registration Statement represents a good
        faith
        estimate of the maximum number of shares issuable upon conversion of the
        Notes
        and upon exercise of the Warrants.

       

      b.           Underwritten
        Offering.  If any offering pursuant to a Registration
        Statement pursuant to Section 2(a) hereof involves an underwritten offering,
        the
        Investors who hold a majority in interest of the Registrable Securities subject
        to such underwritten offering, with the consent of a majority-in-interest
        of the
        Initial Investors, shall have the right to select one legal counsel and an
        investment banker or bankers and manager or managers to administer the offering,
        which investment banker or bankers or manager or managers shall be reasonably
        satisfactory to the Company.

       

      
        
           

        

        
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      c.           Payments
        by the Company.  The Company shall use its best efforts
        to obtain effectiveness of the Registration Statement as soon as
        practicable.  If (i) the Registration Statement(s) covering the
        Registrable Securities required to be filed by the Company pursuant to Section
        2(a) hereof is not filed by the Filing Date or declared effective by the
        SEC on
        or prior to one hundred and twenty (120) days from the date of Closing (as
        defined in the Securities Purchase Agreement), or (ii) after the
        Registration Statement has been declared effective by the SEC, sales of all
        of
        the Registrable Securities cannot be made pursuant to the Registration
        Statement, or (iii) the Common Stock is not listed or included for
        quotation on the Nasdaq National Market (“Nasdaq”), the Nasdaq
        SmallCap Market (“Nasdaq SmallCap”), the New York Stock
        Exchange (the “NYSE”) or the American Stock Exchange (the
“AMEX”) after being so listed or included for
        quotation after
        the date hereof, or (iv) the Common Stock ceases to be traded on the
        Over-the-Counter Bulletin Board (the “OTCBB”) or any equivalent
        replacement exchange prior to being listed or included for quotation on one
        of
        the aforementioned markets, then the Company will make payments to the Investors
        in such amounts and at such times as shall be determined pursuant to this
        Section 2(c) as partial relief for the damages to the Investors by reason
        of any
        such delay in or reduction of their ability to sell the Registrable Securities
        (which remedy shall not be exclusive of any other remedies available at law
        or
        in equity).  The Company shall pay to each holder of the Notes or
        Registrable Securities an amount equal to the then outstanding principal
        amount
        of the Notes (and, in the case of holders of Registrable Securities, the
        principal amount of Notes from which such Registrable Securities were converted)
        (“Outstanding Principal Amount”), multiplied by the Applicable
        Percentage (as defined below) times the sum of:  (i) the number of
        months (prorated for partial months) after the Filing Date or the end of
        the
        aforementioned one hundred and twenty (120) day period and prior to the date
        the
        Registration Statement is declared effective by the SEC, provided, however,
        that
        there shall be excluded from such period any delays which are solely
        attributable to changes required by the Investors in the Registration Statement
        with respect to information relating to the Investors, including, without
        limitation, changes to the plan of distribution, or to the failure of the
        Investors to conduct their review of the Registration Statement pursuant
        to
        Section 3(h) below in a reasonably prompt manner; (ii) the number of months
        (prorated for partial months) that sales of all of the Registrable Securities
        cannot be made pursuant to the Registration Statement after the Registration
        Statement has been declared effective (including, without limitation, when
        sales
        cannot be made by reason of the Company’s failure to properly supplement or
        amend the prospectus included therein in accordance with the terms of this
        Agreement, but excluding any days during an Allowed Delay (as defined in
        Section
        3(f)); and (iii) the number of months (prorated for partial months) that
        the
        Common Stock is not listed or included for quotation on the OTCBB, Nasdaq,
        Nasdaq SmallCap, NYSE or AMEX or that trading thereon is halted after the
        Registration Statement has been declared effective.  The term
“Applicable Percentage” means two hundredths
        (.02).  (For example, if the Registration Statement becomes effective
        one (1) month after the end of such one hundred and twenty (120) day period,
        the
        Company would pay $5,000 for each $250,000 of Outstanding Principal
        Amount.  If thereafter, sales could not be made pursuant to the
        Registration Statement for an additional period of one (1) month, the Company
        would pay an additional $5,000 for each $250,000 of Outstanding Principal
        Amount.)  Such amounts shall be paid in cash or, at the Company’s
        option, in shares of Common Stock priced at the Conversion Price (as defined
        in
        the Notes) on such payment date.

       

      
        
           

        

        
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      d.           Piggy-Back
        Registrations.  Subject to the last sentence of this
        Section 2(d), if at any time prior to the expiration of the Registration
        Period
        (as hereinafter defined) the Company shall determine to file with the SEC
        a
        Registration Statement relating to an offering for its own account or the
        account of others under the 1933 Act of any of its equity securities (other
        than
        on Form S-4 or Form S-8 or their then equivalents relating to equity securities
        to be issued solely in connection with any acquisition of any entity or business
        or equity securities issuable in connection with stock option or other
bonafide, employee benefit plans), the Company shall send to each
        Investor who is entitled to registration rights under this Section 2(d) written
        notice of such determination and, if within fifteen (15) days after the
        effective date of such notice, such Investor shall so request in writing,
        the
        Company shall include in such Registration Statement all or any part of the
        Registrable Securities such Investor requests to be registered, except that
        if,
        in connection with any underwritten public offering for the account of the
        Company the managing underwriter(s) thereof shall impose a limitation on
        the
        number of shares of Common Stock which may be included in the Registration
        Statement because, in such underwriter(s)’ judgment, marketing or other factors
        dictate such limitation is necessary to facilitate public distribution, then
        the
        Company shall be obligated to include in such Registration Statement only
        such
        limited portion of the Registrable Securities with respect to which such
        Investor has requested inclusion hereunder as the underwriter shall permit.
        Any
        exclusion of Registrable Securities shall be made pro rata among the Investors
        seeking to include Registrable Securities in proportion to the number of
        Registrable Securities sought to be included by such Investors; provided,
however, that the Company shall not exclude any Registrable Securities
        unless the Company has first excluded all outstanding securities, the holders
        of
        which are not entitled to inclusion of such securities in such Registration
        Statement or are not entitled to pro rata inclusion with the Registrable
        Securities; and provided, further, however, that, after
        giving effect to the immediately preceding proviso, any exclusion of Registrable
        Securities shall be made pro rata with holders of other securities having
        the
        right to include such securities in the Registration Statement other than
        holders of securities entitled to inclusion of their securities in such
        Registration Statement by reason of demand registration rights.  No
        right to registration of Registrable Securities under this Section 2(d) shall
        be
        construed to limit any registration required under Section 2(a)
        hereof.  If an offering in connection with which an Investor is
        entitled to registration under this Section 2(d) is an underwritten offering,
        then each Investor whose Registrable Securities are included in such
        Registration Statement shall, unless otherwise agreed by the Company, offer
        and
        sell such Registrable Securities in an underwritten offering using the same
        underwriter or underwriters and, subject to the provisions of this Agreement,
        on
        the same terms and conditions as other shares of Common Stock included in
        such
        underwritten offering.  Notwithstanding anything to the contrary set
        forth herein, the registration rights of the Investors pursuant to this Section
        2(d) shall only be available in the event the Company fails to timely file,
        obtain effectiveness or maintain effectiveness of any Registration Statement
        to
        be filed pursuant to Section 2(a) in accordance with the terms of this
        Agreement.

       

      e.           Eligibility
        for Form S-3, SB-2 or S-1; Conversion to Form S-3.  The
        Company represents and warrants that it meets the requirements for the use
        of
        Form SB-3, SB-2 or S-1 for registration of the sale by the Initial Investors
        and
        any other Investors of the Registrable Securities.   The Company
        agrees to file all reports required to be filed by the Company with the SEC
        in a
        timely manner so as to remain eligible or become eligible, as the case may
        be,
        and thereafter to maintain its eligibility, for the use of Form
        S-B2.  If the Company is not currently eligible to use Form S-3, not
        later than five (5) business days after the Company

       

      
        
           

        

        
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      first
        meets the registration eligibility and transaction requirements for the use
        of
        Form S-3 (or any successor form) for registration of the offer and sale by
        the
        Initial Investors and any other Investors of Registrable Securities, the
        Company
        shall file a Registration Statement on Form S-3 (or such successor form)
        with
        respect to the Registrable Securities covered by the Registration Statement
        on
        Form SB-2 or Form S-1, whichever is applicable, filed pursuant to Section
        2(a)
        (and include in such Registration Statement on Form S-3 the information required
        by Rule 429 under the 1933 Act) or convert the Registration Statement on
        Form
        SB-2 or Form S-1, whichever is applicable, filed pursuant to Section 2(a)
        to a
        Form S-3 pursuant to Rule 429 under the 1933 Act and cause such Registration
        Statement (or such amendment) to be declared effective no later than forty
        five
        (45) days after filing.  In the event of a breach by the Company of
        the provisions of this Section 2(e), the Company will be required to make
        payments pursuant to Section 2(c) hereof.

       

      3.           OBLIGATIONS
        OF THE COMPANY.

       

      In
        connection with the registration of the Registrable Securities, the Company
        shall have the following obligations:

       

      a.           The
        Company shall prepare promptly, and file with the SEC not later than the
        Filing
        Date, a Registration Statement with respect to the number of Registrable
        Securities provided in Section 2(a), and thereafter use its best efforts
        to
        cause such Registration Statement relating to Registrable Securities to become
        effective as soon as possible after such filing but in no event later than
        one
        hundred and twenty (120) days from the date of Closing), and keep the
        Registration Statement effective pursuant to Rule 415 at all times until
        such
        date as is the earlier of (i) the date on which all of the Registrable
        Securities have been sold and (ii) the date on which the Registrable Securities
        (in the opinion of counsel to the Initial Investors) may be immediately sold
        to
        the public without registration or restriction (including, without limitation,
        as to volume by each holder thereof) under the 1933 Act (the
“Registration Period”), which Registration Statement (including
        any amendments or supplements thereto and prospectuses contained therein)
        shall
        not contain any untrue statement of a material fact or omit to state a material
        fact required to be stated therein, or necessary to make the statements therein
        not misleading.

       

      b.           The
        Company shall prepare and file with the SEC such amendments (including
        post-effective amendments) and supplements to the Registration Statements
        and
        the prospectus used in connection with the Registration Statements as may
        be
        necessary to keep the Registration Statements effective at all times during
        the
        Registration Period, and, during such period, comply with the provisions
        of the
        1933 Act with respect to the disposition of all Registrable Securities of
        the
        Company covered by the Registration Statements until such time as all of
        such
        Registrable Securities have been disposed of in accordance with the intended
        methods of disposition by the seller or sellers thereof as set forth in the
        Registration Statements.  In the event the number of shares available
        under a Registration Statement filed pursuant to this Agreement is insufficient
        to cover all of the Registrable Securities issued or issuable upon conversion
        of
        the Notes and exercise of the Warrants, the Company shall amend the Registration
        Statement, or file a new Registration Statement (on the short form available
        therefor, if applicable), or both, so as to cover all of the Registrable
        Securities, in each case, as soon as practicable, but in any event within
        fifteen (15) days after the necessity therefor arises

       

      
        
           

        

        
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      (based
        on
        the market price of the Common Stock and other relevant factors on which
        the
        Company reasonably elects to rely).  The Company shall use its best
        efforts to cause such amendment and/or new Registration Statement to become
        effective as soon as practicable following the filing thereof, but in any
        event
        within thirty (30) days after the date on which the Company reasonably first
        determines (or reasonably should have determined) the need
        therefor.  The provisions of Section 2(c) above shall be applicable
        with respect to such obligation, with the one hundred and twenty (120) days
        running from the day the Company reasonably first determines (or reasonably
        should have determined) the need therefor.

       

      c.           The
        Company shall furnish to each Investor whose Registrable Securities are included
        in a Registration Statement and its legal counsel (i) promptly (but in no
        event more than two (2) business days) after the same is prepared and publicly
        distributed, filed with the SEC, or received by the Company, one copy of
        each
        Registration Statement and any amendment thereto, each preliminary prospectus
        and prospectus and each amendment or supplement thereto, and, in the case
        of the
        Registration Statement referred to in Section 2(a), each letter written by
        or on
        behalf of the Company to the SEC or the staff of the SEC, and each item of
        correspondence from the SEC or the staff of the SEC, in each case relating
        to
        such Registration Statement (other than any portion of any thereof which
        contains information for which the Company has sought confidential treatment),
        and (ii) promptly (but in no event more than two (2) business days) after
        the Registration Statement is declared effective by the SEC, such number
        of
        copies of a prospectus, including a preliminary prospectus, and all amendments
        and supplements thereto and such other documents as such Investor may reasonably
        request in order to facilitate the disposition of the Registrable Securities
        owned by such Investor.  The Company will immediately notify each
        Investor by facsimile of the effectiveness of each Registration Statement
        or any
        post-effective amendment.  The Company will promptly respond to any
        and all comments received from the SEC (which comments shall promptly be
        made
        available to the Investors upon request), with a view towards causing each
        Registration Statement or any amendment thereto to be declared effective
        by the
        SEC as soon as practicable, shall promptly file an acceleration request as
        soon
        as practicable (but in no event more than two (2) business days) following
        the
        resolution or clearance of all SEC comments or, if applicable, following
        notification by the SEC that any such Registration Statement or any amendment
        thereto will not be subject to review and shall, if required by SEC Rules,
        promptly file with the SEC a final prospectus as soon as practicable (but
        in no
        event more than two (2) business days) following receipt by the Company from
        the
        SEC of an order declaring the Registration Statement effective.  In
        the event of a breach by the Company of the provisions of this Section 3(c),
        the
        Company will be required to make payments pursuant to Section 2(c)
        hereof.

       

      d.           The
        Company shall use reasonable efforts to (i) register and qualify the
        Registrable Securities covered by the Registration Statements under such
        other
        securities or “blue sky” laws of such jurisdictions in the United States as the
        Investors who hold a majority in interest of the Registrable Securities being
        offered reasonably request, (ii) prepare and file in those jurisdictions
        such amendments (including post-effective amendments) and supplements to
        such
        registrations and qualifications as may be necessary to maintain the
        effectiveness thereof during the Registration Period, (iii) take such other
        actions as may be necessary to maintain such registrations and qualifications
        in
        effect at all times during the Registration Period, and (iv) take all other
        actions reasonably necessary or advisable to qualify the Registrable Securities
        for sale in such jurisdictions; provided, however, that the
        Company

       

      
        
           

        

        
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      shall
        not
        be required in connection therewith or as a condition thereto to
        (a) qualify to do business in any jurisdiction where it would not otherwise
        be required to qualify but for this Section 3(d), (b) subject itself to
        general taxation in any such jurisdiction, (c) file a general consent to
        service of process in any such jurisdiction, (d) provide any undertakings
        that cause the Company undue expense or burden, or (e) make any change in
        its charter or bylaws, which in each case the Board of Directors of the Company
        determines to be contrary to the best interests of the Company and its
        shareholders.

       

      e.           In
        the event Investors who hold a majority-in-interest of the Registrable
        Securities being offered in the offering (with the approval of a
        majority-in-interest of the Initial Investors) select underwriters for the
        offering, the Company shall enter into and perform its obligations under
        an
        underwriting agreement, in usual and customary form, including, without
        limitation, customary indemnification and contribution obligations, with
        the
        underwriters of such offering.

       

      f.           As
        promptly as practicable after becoming aware of such event, the Company shall
        notify each Investor of the happening of any event, of which the Company
        has
        knowledge, as a result of which the prospectus included in any Registration
        Statement, as then in effect, includes an untrue statement of a material
        fact or
        omission to state a material fact required to be stated therein or necessary
        to
        make the statements therein not misleading, and use its best efforts promptly
        to
        prepare a supplement or amendment to any Registration Statement to correct
        such
        untrue statement or omission, and deliver such number of copies of such
        supplement or amendment to each Investor as such Investor may reasonably
        request; provided that, for not more than ten (10) consecutive trading days
        (or
        a total of not more than twenty (20) trading days in any twelve (12) month
        period), the Company may delay the disclosure of material non-public information
        concerning the Company (as well as prospectus or Registration Statement
        updating) the disclosure of which at the time is not, in the good faith opinion
        of the Company, in the best interests of the Company (an “Allowed
        Delay”); provided, further, that the Company shall promptly
        (i) notify the Investors in writing of the existence of (but in no event,
        without the prior written consent of an Investor, shall the Company disclose
        to
        such investor any of the facts or circumstances regarding) material non-public
        information giving rise to an Allowed Delay and (ii) advise the Investors
        in writing to cease all sales under such Registration Statement until the
        end of
        the Allowed Delay. Upon expiration of the Allowed Delay, the Company shall
        again
        be bound by the first sentence of this Section 3(f) with respect to the
        information giving rise thereto.

       

      g.           The
        Company shall use its best efforts to prevent the issuance of any stop order
        or
        other suspension of effectiveness of any Registration Statement, and, if
        such an
        order is issued, to obtain the withdrawal of such order at the earliest possible
        moment and to notify each Investor who holds Registrable Securities being
        sold
        (or, in the event of an underwritten offering, the managing underwriters)
        of the
        issuance of such order and the resolution thereof.

       

      h.           The
        Company shall permit a single firm of counsel designated by the Initial
        Investors to review such Registration Statement and all amendments and
        supplements thereto (as well as all requests for acceleration or effectiveness
        thereof) a reasonable period of time prior to their filing with the SEC,
        and not
        file any document in a form to which such counsel reasonably objects and
        will
        not request acceleration of such Registration Statement

       

      
        
           

        

        
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      without
        prior notice to such counsel.  The sections of such Registration
        Statement covering information with respect to the Investors, the Investor’s
        beneficial ownership of securities of the Company or the Investors intended
        method of disposition of Registrable Securities shall conform to the information
        provided to the Company by each of the Investors.

       

      i.           The
        Company shall make generally available to its security holders as soon as
        practicable, but not later than one hundred and twenty (120) days after the
        close of the period covered thereby, an earnings statement (in form complying
        with the provisions of Rule 158 under the 1933 Act) covering a twelve-month
        period beginning not later than the first day of the Company’s fiscal quarter
        next following the effective date of the Registration Statement.

       

      j.           At
        the request of any Investor, the Company shall furnish, on the date that
        Registrable Securities are delivered to an underwriter, if any, for sale
        in
        connection with any Registration Statement or, if such securities are not
        being
        sold by an underwriter, on the date of effectiveness thereof (i) an
        opinion, dated as of such date, from counsel representing the Company for
        purposes of such Registration Statement, in form, scope and substance as
        is
        customarily given in an underwritten public offering, addressed to the
        underwriters, if any, and the Investors and (ii) a letter, dated such date,
        from the Company’s independent certified public accountants in form and
        substance as is customarily given by independent certified public accountants
        to
        underwriters in an underwritten public offering, addressed to the underwriters,
        if any, and the Investors.

       

      k.           The
        Company shall make available for inspection by (i) any Investor,
        (ii) any underwriter participating in any disposition pursuant to a
        Registration Statement, (iii) one firm of attorneys and one firm of
        accountants or other agents retained by the Initial Investors, (iv) one
        firm of attorneys and one firm of accountants or other agents retained by
        all
        other Investors, and (v) one firm of attorneys retained by all such
        underwriters (collectively, the “Inspectors”) all pertinent
        financial and other records, and pertinent corporate documents and properties
        of
        the Company, including without limitation, records of conversions by other
        holders of convertible securities issued by the Company and the issuance
        of
        stock to such holders pursuant to the conversions (collectively, the
“Records”), as shall be reasonably deemed necessary by each
        Inspector to enable each Inspector to exercise its due diligence responsibility,
        and cause the Company’s officers, directors and employees to supply all
        information which any Inspector may reasonably request for purposes of such
        due
        diligence; provided, however, that each Inspector shall hold in
        confidence and shall not make any disclosure (except to an Investor) of any
        Record or other information which the Company determines in good faith to
        be
        confidential, and of which determination the Inspectors are so notified,
        unless
        (a) the disclosure of such Records is necessary to avoid or correct a
        misstatement or omission in any Registration Statement, (b) the release of
        such Records is ordered pursuant to a subpoena or other order from a court
        or
        government body of competent jurisdiction, or (c) the information in such
        Records has been made generally available to the public other than by disclosure
        in violation of this or any other agreement.  The Company shall not be
        required to disclose any confidential information in such Records to any
        Inspector until and unless such Inspector shall have entered into
        confidentiality agreements (in form and substance satisfactory to the Company)
        with the Company with respect thereto, substantially in the form of this
        Section
        3(k).  Each Investor agrees that it shall, upon learning that
        disclosure of such Records is sought in or by a court or governmental body
        of
        competent jurisdiction or through other means, give

       

      
        
           

        

        
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      prompt
        notice to the Company and allow the Company, at its expense, to undertake
        appropriate action to prevent disclosure of, or to obtain a protective order
        for, the Records deemed confidential.  Nothing herein (or in any other
        confidentiality agreement between the Company and any Investor) shall be
        deemed
        to limit the Investor’s ability to sell Registrable Securities in a manner which
        is otherwise consistent with applicable laws and regulations.

       

      l.           The
        Company shall hold in confidence and not make any disclosure of information
        concerning an Investor provided to the Company unless (i) disclosure of
        such information is necessary to comply with federal or state securities
        laws,
        (ii) the disclosure of such information is necessary to avoid or correct a
        misstatement or omission in any Registration Statement, (iii) the release
        of such information is ordered pursuant to a subpoena or other order from
        a
        court or governmental body of competent jurisdiction, or (iv) such
        information has been made generally available to the public other than by
        disclosure in violation of this or any other agreement.  The Company
        agrees that it shall, upon learning that disclosure of such information
        concerning an Investor is sought in or by a court or governmental body of
        competent jurisdiction or through other means, give prompt notice to such
        Investor prior to making such disclosure, and allow the Investor, at its
        expense, to undertake appropriate action to prevent disclosure of, or to
        obtain
        a protective order for, such information.

       

      m.           The
        Company shall (i) cause all the Registrable Securities covered by the
        Registration Statement to be listed on each national securities exchange
        on
        which securities of the same class or series issued by the Company are then
        listed, if any, if the listing of such Registrable Securities is then permitted
        under the rules of such exchange, or (ii) to the extent the securities of
        the same class or series are not then listed on a national securities exchange,
        secure the designation and quotation, of all the Registrable Securities covered
        by the Registration Statement on Nasdaq or, if not eligible for Nasdaq, on
        Nasdaq SmallCap or, if not eligible for Nasdaq or Nasdaq SmallCap, on the
        OTCBB
        and, without limiting the generality of the foregoing, to arrange for at
        least
        two market makers to register with the National Association of Securities
        Dealers, Inc. (“NASD”) as such with respect to such Registrable
        Securities.

       

      n.           The
        Company shall provide a transfer agent and registrar, which may be a single
        entity, for the Registrable Securities not later than the effective date
        of the
        Registration Statement.

       

      o.           The
        Company shall cooperate with the Investors who hold Registrable Securities
        being
        offered and the managing underwriter or underwriters, if any, to facilitate
        the
        timely preparation and delivery of certificates (not bearing any restrictive
        legends) representing Registrable Securities to be offered pursuant to a
        Registration Statement and enable such certificates to be in such denominations
        or amounts, as the case may be, as the managing underwriter or underwriters,
        if
        any, or the Investors may reasonably request and registered in such names
        as the
        managing underwriter or underwriters, if any, or the Investors may request,
        and,
        within three (3) business days after a Registration Statement which includes
        Registrable Securities is ordered effective by the SEC, the Company shall
        deliver, and shall cause legal counsel selected by the Company to deliver,
        to
        the transfer agent for the Registrable Securities (with copies to the Investors
        whose Registrable Securities are included in such Registration Statement)
        an
        instruction in the form attached hereto as Exhibit 1 and an
        opinion of such counsel in the form attached hereto as
Exhibit 2.

       

      
        
           

        

        
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      p.           At
        the request of the holders of a majority-in-interest of the Registrable
        Securities, the Company shall prepare and file with the SEC such amendments
        (including post-effective amendments) and supplements to a Registration
        Statement and any prospectus used in connection with the Registration Statement
        as may be necessary in order to change the plan of distribution set forth
        in
        such Registration Statement.

       

      q.           From
        and after the date of this Agreement, the Company shall not, and shall not
        agree
        to, allow the holders of any securities of the Company to include any of
        their
        securities, in excess of 250,000 shares of Common Stock, in any Registration
        Statement under Section 2(a) hereof or any amendment or supplement thereto
        under
        Section 3(b) hereof without the consent of the holders of a majority-in-interest
        of the Registrable Securities.

       

      r.           The
        Company shall take all other reasonable actions necessary to expedite and
        facilitate disposition by the Investors of Registrable Securities pursuant
        to a
        Registration Statement.

       

      4.           OBLIGATIONS
        OF THE INVESTORS.

       

      In
        connection with the registration of the Registrable Securities, the Investors
        shall have the following obligations:

       

      a.           It
        shall be a condition precedent to the obligations of the Company to complete
        the
        registration pursuant to this Agreement with respect to the Registrable
        Securities of a particular Investor that such Investor shall furnish to the
        Company such information regarding itself, the Registrable Securities held
        by it
        and the intended method of disposition of the Registrable Securities held
        by it
        as shall be reasonably required to effect the registration of such Registrable
        Securities and shall execute such documents in connection with such registration
        as the Company may reasonably request.  At least three (3) business
        days prior to the first anticipated filing date of the Registration Statement,
        the Company shall notify each Investor of the information the Company requires
        from each such Investor.

       

      b.           Each
        Investor, by such Investor’s acceptance of the Registrable Securities, agrees to
        cooperate with the Company as reasonably requested by the Company in connection
        with the preparation and filing of the Registration Statements hereunder,
        unless
        such Investor has notified the Company in writing of such Investor’s election to
        exclude all of such Investor’s Registrable Securities from the Registration
        Statements.

       

      c.           In
        the event Investors holding a majority-in-interest of the Registrable Securities
        being registered (with the approval of the Initial Investors) determine to
        engage the services of an underwriter, each Investor agrees to enter into
        and
        perform such Investor’s obligations under an underwriting agreement, in usual
        and customary form, including, without limitation, customary indemnification
        and
        contribution obligations, with the managing underwriter of such offering
        and
        take such other actions as are reasonably required in order to expedite or
        facilitate the disposition of the Registrable Securities, unless such Investor
        has notified the Company in writing of such Investor’s election to exclude all
        of such Investor’s Registrable Securities from such Registration
        Statement.

       

      
        
           

        

        
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      d.           Each
        Investor agrees that, upon receipt of any notice from the Company of the
        happening of any event of the kind described in Section 3(f) or 3(g), such
        Investor will immediately discontinue disposition of Registrable Securities
        pursuant to the Registration Statement covering such Registrable Securities
        until such Investor’s receipt of the copies of the supplemented or amended
        prospectus contemplated by Section 3(f) or 3(g) and, if so directed by the
        Company, such Investor shall deliver to the Company (at the expense of the
        Company) or destroy (and deliver to the Company a certificate of destruction)
        all copies in such Investor’s possession, of the prospectus covering such
        Registrable Securities current at the time of receipt of such
        notice.

       

      e.           No
        Investor may participate in any underwritten registration hereunder unless
        such
        Investor (i) agrees to sell such Investor’s Registrable Securities on the
        basis provided in any underwriting arrangements in usual and customary form
        entered into by the Company, (ii) completes and executes all
        questionnaires, powers of attorney, indemnities, underwriting agreements
        and
        other documents reasonably required under the terms of such underwriting
        arrangements, and (iii) agrees to pay its pro rata share of all
        underwriting discounts and commissions and any expenses in excess of those
        payable by the Company pursuant to Section 5 below.

       

      5.           EXPENSES
        OF REGISTRATION.

       

      All
        reasonable expenses, other than underwriting discounts and commissions, incurred
        in connection with registrations, filings or qualifications pursuant to Sections
        2 and 3, including, without limitation, all registration, listing and
        qualification fees, printers and accounting fees, the fees and disbursements
        of
        counsel for the Company, and the reasonable fees and disbursements of one
        counsel selected by the Initial Investors pursuant to Sections 2(b) and 3(h)
        hereof shall be borne by the Company and shall be included in the fees paid
        to
        counsel under the Securities Purchase Agreement for purposes of counsel selected
        by the Initial Investors.

       

      6.           INDEMNIFICATION.

       

      In
        the
        event any Registrable Securities are included in a Registration Statement
        under
        this Agreement:

       

      a.           To
        the extent permitted by law, the Company will indemnify, hold harmless and
        defend (i) each Investor who holds such Registrable Securities,
        (ii) the directors, officers, partners, employees, agents and each person
        who controls any Investor within the meaning of the 1933 Act or the Securities
        Exchange Act of 1934, as amended (the “1934 Act”), if any,
        (iii) any underwriter (as defined in the 1933 Act) for the Investors, and
        (iv) the directors, officers, partners, employees and each person who
        controls any such underwriter within the meaning of the 1933 Act or the 1934
        Act, if any (each, an “Indemnified Person”), against any joint
        or several losses, claims, damages, liabilities or expenses (collectively,
        together with actions, proceedings or inquiries by any regulatory or
        self-regulatory organization, whether commenced or threatened, in respect
        thereof, “Claims”) to which any of them may become subject
        insofar as such Claims arise out of or are based upon: (i) any untrue statement
        or alleged untrue statement of a material fact in a Registration Statement
        or
        the omission or alleged omission to state therein a material fact required
        to be
        stated or necessary to make the statements

       

      
        
           

        

        
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      therein
        not misleading; (ii) any untrue statement or alleged untrue statement of
        a
        material fact contained in any preliminary prospectus if used prior to the
        effective date of such Registration Statement, or contained in the final
        prospectus (as amended or supplemented, if the Company files any amendment
        thereof or supplement thereto with the SEC) or the omission or alleged omission
        to state therein any material fact necessary to make the statements made
        therein, in light of the circumstances under which the statements therein
        were
        made, not misleading; or (iii) any violation or alleged violation by the
        Company
        of the 1933 Act, the 1934 Act, any other law, including, without limitation,
        any
        state securities law, or any rule or regulation thereunder relating to the
        offer
        or sale of the Registrable Securities (the matters in the foregoing clauses
        (i)
        through (iii) being, collectively,
“Violations”).  Subject to the restrictions set forth
        in Section 6(c) with respect to the number of legal counsel, the Company
        shall
        reimburse the Indemnified Person, promptly as such expenses are incurred
        and are
        due and payable, for any reasonable legal fees or other reasonable expenses
        incurred by them in connection with investigating or defending any such
        Claim.  Notwithstanding anything to the contrary contained herein, the
        indemnification agreement contained in this Section 6(a): (i) shall not apply
        to
        a Claim arising out of or based upon a Violation which occurs in reliance
        upon
        and in conformity with information furnished in writing to the Company by
        any
        Indemnified Person or underwriter for such Indemnified Person expressly for
        use
        in connection with the preparation of such Registration Statement or any
        such
        amendment thereof or supplement thereto, if such prospectus was timely made
        available by the Company pursuant to Section 3(c) hereof; (ii) shall not
        apply
        to amounts paid in settlement of any Claim if such settlement is effected
        without the prior written consent of the Company, which consent shall not
        be
        unreasonably withheld; and (iii) with respect to any preliminary prospectus,
        shall not inure to the benefit of any Indemnified Person if the untrue statement
        or omission of material fact contained in the preliminary prospectus was
        corrected on a timely basis in the prospectus, as then amended or supplemented,
        such corrected prospectus was timely made available by the Company pursuant
        to
        Section 3(c) hereof, and the Indemnified Person was promptly advised in writing
        not to use the incorrect prospectus prior to the use giving rise to a Violation
        and such Indemnified Person, notwithstanding such advice, used
        it.  Such indemnity shall remain in full force and effect regardless
        of any investigation made by or on behalf of the Indemnified Person and shall
        survive the transfer of the Registrable Securities by the Investors pursuant
        to
        Section 9.

       

      b.           In
        connection with any Registration Statement in which an Investor is
        participating, each such Investor agrees severally and not jointly to indemnify,
        hold harmless and defend, to the same extent and in the same manner set forth
        in
        Section 6(a), the Company, each of its directors, each of its officers who
        signs
        the Registration Statement, each person, if any, who controls the Company
        within
        the meaning of the 1933 Act or the 1934 Act, any underwriter and any other
        shareholder selling securities pursuant to the Registration Statement or
        any of
        its directors or officers or any person who controls such shareholder or
        underwriter within the meaning of the 1933 Act or the 1934 Act (collectively
        and
        together with an Indemnified Person, an “Indemnified Party”),
        against any Claim to which any of them may become subject, under the 1933
        Act,
        the 1934 Act or otherwise, insofar as such Claim arises out of or is based
        upon
        any Violation by such Investor, in each case to the extent (and only to the
        extent) that such Violation occurs in reliance upon and in conformity with
        written information furnished to the Company by such Investor expressly for
        use
        in connection with such Registration Statement; and subject to Section 6(c)
        such
        Investor will reimburse any legal or other expenses (promptly as such expenses
        are incurred and are due and payable) reasonably

       

      
        
           

        

        
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      incurred
        by them in connection with investigating or defending any such Claim;
provided, however, that the indemnity agreement contained in this
        Section 6(b) shall not apply to amounts paid in settlement of any Claim if
        such
        settlement is effected without the prior written consent of such Investor,
        which
        consent shall not be unreasonably withheld; provided, further,
however, that the Investor shall be liable under this Agreement
        (including this Section 6(b) and Section 7) for only that amount as does
        not
        exceed the net proceeds to such Investor as a result of the sale of Registrable
        Securities pursuant to such Registration Statement.  Such indemnity
        shall remain in full force and effect regardless of any investigation made
        by or
        on behalf of such Indemnified Party and shall survive the transfer of the
        Registrable Securities by the Investors pursuant to Section 9. Notwithstanding
        anything to the contrary contained herein, the indemnification agreement
        contained in this Section 6(b) with respect to any preliminary prospectus
        shall
        not inure to the benefit of any Indemnified Party if the untrue statement
        or
        omission of material fact contained in the preliminary prospectus was corrected
        on a timely basis in the prospectus, as then amended or
        supplemented.

       

      c.           Promptly
        after receipt by an Indemnified Person or Indemnified Party under this Section
        6
        of notice of the commencement of any action (including any governmental action),
        such Indemnified Person or Indemnified Party shall, if a Claim in respect
        thereof is to be made against any indemnifying party under this Section 6,
        deliver to the indemnifying party a written notice of the commencement thereof,
        and the indemnifying party shall have the right to participate in, and, to
        the
        extent the indemnifying party so desires, jointly with any other indemnifying
        party similarly noticed, to assume control of the defense thereof with counsel
        mutually satisfactory to the indemnifying party and the Indemnified Person
        or
        the Indemnified Party, as the case may be; provided, however, that
        an Indemnified Person or Indemnified Party shall have the right to retain
        its
        own counsel with the fees and expenses to be paid by the indemnifying party,
        if,
        in the reasonable opinion of counsel retained by the indemnifying party,
        the
        representation by such counsel of the Indemnified Person or Indemnified Party
        and the indemnifying party would be inappropriate due to actual or potential
        differing interests between such Indemnified Person or Indemnified Party
        and any
        other party represented by such counsel in such proceeding.  The
        indemnifying party shall pay for only one separate legal counsel
        for  the Indemnified Persons or the Indemnified Parties, as
        applicable, and such legal counsel shall be selected by Investors holding
        a
        majority-in-interest of the  Registrable Securities included in the
        Registration Statement to which the Claim relates (with the approval of a
        majority-in-interest of the Initial Investors), if the Investors are entitled
        to
        indemnification hereunder, or the Company, if the Company is entitled to
        indemnification hereunder, as applicable.  The failure to deliver
        written notice to the indemnifying party within a reasonable time of the
        commencement of any such action shall not relieve such indemnifying party
        of any
        liability to the Indemnified Person or Indemnified Party under this Section
        6,
        except to the extent that the indemnifying party is actually prejudiced in
        its
        ability to defend such action.  The indemnification required by this
        Section 6 shall be made by periodic payments of the amount thereof during
        the
        course of the investigation or defense, as such expense, loss, damage or
        liability is incurred and is due and payable.

       

      
        
           

        

        
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      7.           CONTRIBUTION.

       

      To
        the
        extent any indemnification by an indemnifying party is prohibited or limited
        by
        law, the indemnifying party agrees to make the maximum contribution with
        respect
        to any amounts for which it would otherwise be liable under Section 6 to
        the
        fullest extent permitted by law; provided, however, that
        (i) no contribution shall be made under circumstances where the maker would
        not have been liable for indemnification under the fault standards set forth
        in
        Section 6, (ii) no seller of Registrable Securities guilty of fraudulent
        misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall
        be
        entitled to contribution from any seller of Registrable Securities who was
        not
        guilty of such fraudulent misrepresentation, and (iii)contribution (together
        with any indemnification or other obligations under this Agreement) by any
        seller of Registrable Securities shall be limited in amount to the net amount
        of
        proceeds received by such seller from the sale of such Registrable
        Securities.

       

      8.           REPORTS
        UNDER THE 1934 ACT.

       

      With
        a
        view to making available to the Investors the benefits of Rule 144 promulgated
        under the 1933 Act or any other similar rule or regulation of the SEC that
        may
        at any time permit the investors to sell securities of the Company to the
        public
        without registration (“Rule 144”), the Company agrees
        to:

       

      a.           make
        and keep public information available, as those terms are understood and
        defined
        in Rule 144;

       

      b.           file
        with the SEC in a timely manner all reports and other documents required
        of the
        Company under the 1933 Act and the 1934 Act so long as the Company remains
        subject to such requirements (it being understood that nothing herein shall
        limit the Company’s obligations under Section 4(c) of the Securities Purchase
        Agreement) and the filing of such reports and other documents is required
        for
        the applicable provisions of Rule 144; and

       

      c.           furnish
        to each Investor so long as such Investor owns Registrable Securities, promptly
        upon request, (i) a written statement by the Company that it has complied
        with the reporting requirements of Rule 144, the 1933 Act and the 1934 Act,
        (ii) a copy of the most recent annual or quarterly report of the Company
        and such other reports and documents so filed by the Company, and
        (iii) such other information as may be reasonably requested to permit the
        Investors to sell such securities pursuant to Rule 144 without
        registration.

       

      9.           ASSIGNMENT
        OF REGISTRATION RIGHTS.

       

      The
        rights under this Agreement shall be automatically assignable by the Investors
        to any transferee of all or any portion of Registrable Securities if:
        (i) the Investor agrees in writing with the transferee or assignee to
        assign such rights, and a copy of such agreement is furnished to the Company
        within a reasonable time after such assignment, (ii) the Company is, within
        a reasonable time after such transfer or assignment, furnished with written
        notice of (a) the name and address of such transferee or assignee, and
        (b) the securities with respect to which such registration rights are being
        transferred or assigned, (iii) following such transfer or assignment, the
        further disposition of such securities by the transferee or assignee is
        restricted under the 1933

       

      
        
           

        

        
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      Act
        and
        applicable state securities laws, (iv) at or before the time the Company
        receives the written notice contemplated by clause (ii) of this sentence,
        the
        transferee or assignee agrees in writing with the Company to be bound by
        all of
        the provisions contained herein, (v) such transfer shall have been made in
        accordance with the applicable requirements of the Securities Purchase
        Agreement, and (vi) such transferee shall be an “accredited
        investor” as that term defined in Rule 501 of Regulation D promulgated
        under the 1933 Act.

       

      10.           AMENDMENT
        OF REGISTRATION RIGHTS.

       

      Provisions
        of this Agreement may be amended and the observance thereof may be waived
        (either generally or in a particular instance and either retroactively or
        prospectively), only with written consent of the Company, each of the Initial
        Investors (to the extent such Initial Investor still owns Registrable
        Securities) and Investors who hold a majority interest of the Registrable
        Securities.  Any amendment or waiver effected in accordance with this
        Section 10 shall be binding upon each Investor and the Company.

       

      11.           MISCELLANEOUS.

       

      a.           A
        person or entity is deemed to be a holder of Registrable Securities whenever
        such person or entity owns of record such Registrable Securities.  If
        the Company receives conflicting instructions, notices or elections from
        two or
        more persons or entities with respect to the same Registrable Securities,
        the
        Company shall act upon the basis of instructions, notice or election received
        from the registered owner of such Registrable Securities.

       

      b.           Any
        notices required or permitted to be given under the terms hereof shall be
        sent
        by certified or registered mail (return receipt requested) or delivered
        personally or by courier (including a recognized overnight delivery service)
        or
        by facsimile and shall be effective five days after being placed in the mail,
        if
        mailed by regular United States mail, or upon receipt, if delivered personally
        or by courier (including a recognized overnight delivery service) or by
        facsimile, in each case addressed to a party.  The addresses for such
        communications shall be:

       

      If
        to the
        Company:

       

      Juniper
        Group, Inc.

      2028
        State Road, Suite 400

      Boca
        Raton, Florida 33498

      Attention:  Chief
        Executive Officer

      Telephone:  (561)
        482-9327

      Facsimile:
        (561) 482-9328With a copy to:

      Sichenzia
        Ross Friedman Ference LLP

      1065
        Avenue of the Americas

      New
        York,
        NY  10018

      Attention:   Gregory
        Sichenzia, Esq.

      Telephone:  (212)
        930-9700

      Facsimile:   (212)
        930-9725

       

      If
        to an
        Investor: to the address set forth immediately below such Investor’s name on the
        signature pages to the Securities Purchase Agreement.

       

      With
        a
        copy to:

       

      Ballard
        Spahr Andrews & Ingersoll, LLP

       

      1735
        Market Street

       

      51st
        Floor

       

      Philadelphia,
        Pennsylvania  19103

       

      Attention:  Gerald
        J. Guarcini, Esq.

       

      Telephone:  215-865-8625

       

      Facsimile:  215-864-8999

       

      

       

      c.           Failure
        of any party to exercise any right or remedy under this Agreement or otherwise,
        or delay by a party in exercising such right or remedy, shall not operate
        as a
        waiver thereof.

       

      d.           
        THIS AGREEMENT SHALL BE ENFORCED, GOVERNED BY AND CONSTRUED IN ACCORDANCE
        WITH
        THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE
        PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO THE PRINCIPLES OF
        CONFLICT OF LAWS.  THE PARTIES HERETO HEREBY SUBMIT TO THE EXCLUSIVE
        JURISDICTION OF THE UNITED STATES FEDERAL COURTS LOCATED NEW YORK, NEW YORK
        WITH
        RESPECT TO ANY DISPUTE ARISING UNDER THIS AGREEMENT, THE AGREEMENTS ENTERED
        INTO
        IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.
        BOTH
        PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT FORUM TO THE
        MAINTENANCE OF SUCH SUIT OR PROCEEDING.  BOTH PARTIES FURTHER AGREE
        THAT SERVICE OF PROCESS UPON A PARTY MAILED BY FIRST CLASS MAIL SHALL BE
        DEEMED
        IN EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON THE PARTY IN ANY SUCH
        SUIT OR
        PROCEEDING.  NOTHING HEREIN SHALL AFFECT EITHER PARTY’S RIGHT TO SERVE
        PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.  BOTH PARTIES AGREE THAT
        A FINAL NON-APPEALABLE JUDGMENT IN ANY SUCH SUIT OR PROCEEDING SHALL BE
        CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON SUCH JUDGMENT
        OR IN ANY OTHER LAWFUL MANNER.  THE PARTY WHICH DOES NOT PREVAIL IN
        ANY DISPUTE ARISING UNDER THIS AGREEMENT SHALL BE RESPONSIBLE FOR

       

      
        
           

        

        
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      ALL
        FEES
        AND EXPENSES, INCLUDING ATTORNEYS’ FEES, INCURRED BY THE PREVAILING PARTY IN
        CONNECTION WITH SUCH DISPUTE.

       

      e.           In
        the event that any provision of this Agreement is invalid or unenforceable
        under
        any applicable statute or rule of law, then such provision shall be deemed
        inoperative to the extent that it may conflict therewith and shall be deemed
        modified to conform with such statute or rule of law.  Any provision
        hereof which may prove invalid or unenforceable under any law shall not affect
        the validity or enforceability of any other provision hereof.

       

      f.           This
        Agreement, the Notes, the Warrants and the Securities Purchase Agreement
        (including all schedules and exhibits thereto) constitute the entire agreement
        among the parties hereto with respect to the subject matter hereof and
        thereof.  There are no restrictions, promises, warranties or
        undertakings, other than those set forth or referred to herein and
        therein.  This Agreement and the Securities Purchase Agreement
        supersede all prior agreements and understandings among the parties hereto
        with
        respect to the subject matter hereof and thereof.

       

      g.           Subject
        to the requirements of Section 9 hereof, this Agreement shall be binding
        upon
        and inure to the benefit of the parties and their successors and
        assigns.

       

      h.           The
        headings in this Agreement are for convenience of reference only and shall
        not
        form part of, or affect the interpretation of, this Agreement.

       

      i.           This
        Agreement may be executed in two or more counterparts, each of which shall
        be
        deemed an original but all of which shall constitute one and the same agreement
        and shall become effective when counterparts have been signed by each party
        and
        delivered to the other party.  This Agreement, once executed by a
        party, may be delivered to the other party hereto by facsimile transmission
        of a
        copy of this Agreement bearing the signature of the party so delivering this
        Agreement.

       

      j.           Each
        party shall do and perform, or cause to be done and performed, all such further
        acts and things, and shall execute and deliver all such other agreements,
        certificates, instruments and documents, as the other party may reasonably
        request in order to carry out the intent and accomplish the purposes of this
        Agreement and the consummation of the transactions contemplated
        hereby.

       

      k.           Except
        as otherwise provided herein, all consents and other determinations to be
        made
        by the Investors pursuant to this Agreement shall be made by Investors holding
        a
        majority of the Registrable Securities, determined as if the all of the Notes
        then outstanding have been converted into for Registrable
        Securities.

       

      l.           The
        Company acknowledges that a breach by it of its obligations hereunder will
        cause
        irreparable harm to each Investor by vitiating the intent and purpose of
        the
        transactions contemplated hereby.  Accordingly, the Company
        acknowledges that the remedy at law for breach of its obligations under this
        Agreement will be inadequate and agrees, in the event of a breach or threatened
        breach by the Company of any of the provisions under this Agreement, that
        each
        Investor shall be entitled, in addition to all other available remedies in
        law
        or in equity, and in addition to the penalties assessable herein,  to
        an injunction or injunctions restraining,

       

      
        
           

        

        
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      preventing
        or curing any breach of this Agreement and to enforce specifically the terms
        and
        provisions hereof, without the necessity of showing economic loss and without
        any bond or other security being required.

       

      m.           The
        language used in this Agreement will be deemed to be the language chosen
        by the
        parties to express their mutual intent, and no rules of strict construction
        will
        be applied against any party.

       

      

       

      

       

      

       

      

       

      

       

      

       

      

       

      [REMAINDER
        OF PAGE INTENTIONALLY LEFT BLANK]

       

      
        
           

        

        
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      IN
        WITNESS WHEREOF, the Company and the undersigned Initial Investors have
        caused this Agreement to be duly executed as of the date first above
        written.

       

      JUNIPER
        GROUP, INC.

       

      ______________________________________

       

      Vlado
        P.
        Hreljanovic

       

      Chief
        Executive Officer

       

      AJW
        PARTNERS, LLC

       

      By:  SMS
        Group, LLC

       

      ______________________________________

      Corey
        S.
        Ribotsky

       

      Manager

       

      AJW
        MASTER FUND, LTD.

      By:  First
        Street Manager II, LLC

      

      ______________________________________

      Corey
        S.
        Ribotsky

      Manager

      

      

      

      NEW
        MILLENNIUM CAPITAL PARTNERS, II, LLC

       

      By:  First
        Street Manager II, LLC

       

      ______________________________________

      Corey
        S.
        Ribotsky

      Manager

      
        
           

        

        
          -
            18
            -ex10-9.htm

     

    
      

      

    

    

      SECURITY
        AGREEMENT

       

      SECURITY
        AGREEMENT (this “Agreement”), dated as of December 26, 2007, by and among
        Juniper Group, Inc., a Nevada corporation (“Company”), and the secured
        parties signatory hereto and their respective endorsees, transferees and
        assigns
        (collectively, the “Secured Party”).

       

      W
        I T N E
        S S E T H:

       

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

       

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

       

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

       

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

       

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

       

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

       

      
        
           

        

        
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      connection
        with the Company’s businesses and all improvements thereto (collectively, the
“Equipment”); and

       

      (ii)           All
        Inventory of the Company; and

       

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

       

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

       

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

       

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

       

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

       

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

       

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

       

      
        
           

        

        
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            -

          
            

          

        

        
           

        

      

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

       

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

       

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

       

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

       

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

       

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

       

      
        
           

        

        
          -
            3
            -

          
            

          

        

        
           

        

      

      Interest
        to create in favor of the Secured Party valid, perfected and continuing first
        priority liens in the Collateral.

       

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

       

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

       

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

       

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

       

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

       

      
        
           

        

        
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            -

          
            

          

        

        
           

        

      

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

       

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

       

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

       

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

       

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

       

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

       

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

       

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

       

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

       

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

       

      
        
           

        

        
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            -

          
            

          

        

        
           

        

      

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

       

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

       

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

       

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

       

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

       

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

       

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

       

      
        
           

        

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

       

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

       

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

       

      10.           Security
        Interest Absolute.  All rights of the Secured Party and all
        Obligations of the Company hereunder, shall be absolute and unconditional,
        irrespective of: (a) any lack of validity or enforceability of this
        Agreement, the Notes, the Warrants or any agreement entered into in connection
        with the foregoing, or any portion hereof or thereof; (b) any change in the
        time, manner or place of payment or performance of, or in any other term
        of, all
        or any of the Obligations, or any other amendment or waiver of or any consent
        to
        any departure from the Notes, the Warrants or any other agreement entered
        into
        in connection with the foregoing; (c)  any exchange, release or
        nonperfection of any of the Collateral, or any release or amendment or waiver
        of
        or consent to departure from any other collateral for, or any guaranty, or
        any
        other security, for all or any of the Obligations; (d) any action by the
        Secured Party to obtain, adjust, settle and cancel in its sole discretion
        any
        insurance claims or matters made or arising in connection with the Collateral;
        or (e) any other circumstance which might otherwise constitute

       

      
        
           

        

        
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      any
        legal
        or equitable defense available to the Company, or a discharge of all or any
        part
        of the Security Interest granted hereby.  Until the Obligations shall
        have been paid and performed in full, the rights of the Secured Party shall
        continue even if the Obligations are barred for any reason, including, without
        limitation, the running of the statute of limitations or
        bankruptcy.  The Company expressly waives presentment, protest, notice
        of protest, demand, notice of nonpayment and demand for
        performance.  In the event that at any time any transfer of any
        Collateral or any payment received by the Secured Party hereunder shall be
        deemed by final order of a court of competent jurisdiction to have been a
        voidable preference or fraudulent conveyance under the bankruptcy or insolvency
        laws of the United States, or shall be deemed to be otherwise due to any
        party
        other than the Secured Party, then, in any such event, the Company’s obligations
        hereunder shall survive cancellation of this Agreement, and shall not be
        discharged or satisfied by any prior payment thereof and/or cancellation
        of this
        Agreement, but shall remain a valid and binding obligation enforceable in
        accordance with the terms and provisions hereof.  The Company waives
        all right to require the Secured Party to proceed against any other person
        or to
        apply any Collateral which the Secured Party may hold at any time, or to
        marshal
        assets, or to pursue any other remedy.  The Company waives any defense
        arising by reason of the application of the statute of limitations to any
        obligation secured hereby.

       

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

       

      12.           Power
        of Attorney; Further Assurances.

       

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

       

      
        
           

        

        
          -
            8
            -

          
            

          

        

        
           

        

      

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

       

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

       

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

       

      
        	
                If
                  to the Company:

              	
                Juniper
                  Group, Inc.

              

      

       

      
        	
                 

              	
                20283
                  State Road, Suite 400

              

      

       

      
        	
                 

              	
                Boca
                  Raton, Florida 33498

              

      

       

      
        	
                 

              	
                Attention:  Chief
                  Executive Officer

              

      

       

      
        	
                 

              	
                Telephone:  (561)
                  482-9327

              

      

       

      
        	
                 

              	
                Facsimile:
                  (561) 482-9328

              

      

       

      

       

      With
        a
        copy
        to:                                                      Sichenzia
        Ross Friedman Ference LLP

      1065
        Avenue of the Americas

      New
        York,
        NY  10018

      Attention:   Gregory
        Sichenzia, Esq.

      Telephone:  (212)
        930-9700

      Facsimile:   (212)
        930-9725

       

      

      

      
        
           

        

        
          -
            9
            -

          
            

          

        

        
           

        

      

      If
        to the
        Secured
        Party:                                                      AJW
        Partners, LLC

      AJW
        Master Fund, Ltd.

      New
        Millennium Capital Partners II, LLC

      1044
        Northern Boulevard

      Suite
        302

      Roslyn,
        New York 11576

      Attention:  Corey
        Ribotsky

      Facsimile:  516-739-7115

      
        	
                 

              	
                With
                  a copy to:

              	
                Ballard
                  Spahr Andrews & Ingersoll, LLP

              

      

       

      
        	
                 

              	
                1735
                  Market Street, 51st
                  Floor

              

      

       

      
        	
                 

              	
                Philadelphia,
                  Pennsylvania  19103

              

      

       

      
        	
                 

              	
                Attention:  Gerald
                  J. Guarcini, Esq.

              

      

       

      
        	
                 

              	
                Facsimile:  215-864-8999

              

      

       

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

       

      15.           Miscellaneous.

       

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

       

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

       

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

       

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

       

      
        
           

        

        
          -
            10
            -

          
            

          

        

        
           

        

      

      provisions
        of this Agreement and without affecting the validity or enforceability of
        such
        provision or the other provisions of this Agreement in any other
        jurisdiction.

       

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

       

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

       

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

       

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

       

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

       

      
        
           

        

        
          -
            11
            -

          
            

          

        

        
           

        

      

      TO
        ANY
        SUBSEQUENT AMENDMENTS, RENEWALS AND SUPPLEMENTS OR MODIFICATIONS TO THIS
        AGREEMENT.  IN THE EVENT OF A LITIGATION, THIS AGREEMENT MAY BE FILED
        AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

       

      (j)           This
        Agreement may be executed in any number of counterparts, each of which when
        so
        executed shall be deemed to be an original and, all of which taken together
        shall constitute one and the same Agreement.  In the event that any
        signature is delivered by facsimile transmission, such signature shall create
        a
        valid binding obligation of the party executing (or on whose behalf such
        signature is executed) the same with the same force and effect as if such
        facsimile signature were the original thereof.

       

      

       

      

       

      

       

      

       

      

       

      

       

      [REMAINDER
        OF PAGE INTENTIONALLY LEFT BLANK]

      
        
           

        

        
          -
            12
            -

          
            

          

        

        
           

        

      

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

       

       

      JUNIPER
        GROUP, INC.

       

      By:  _____________________________________

      Vlado
        P.
        Hreljanovic

       

      Chief
        Executive Officer

       

      

       

      AJW
        PARTNERS, LLC

       

      By:
        SMS
        Group, LLC

       

      
        	
                 

              	
                By:  _____________________________________

              

      

       

      
        	
                 

              	
                Corey
                  S. Ribotsky

              

      

       

      
        	
                 

              	
                Manager

              

      

       

      

       

      AJW
        MASTER FUND, LTD.

       

      By:  First
        Street Manager II, LLC

       

      
        	
                 

              	
                By:  _____________________________________

              

      

       

      
        	
                 

              	
                Corey
                  S. Ribotsky

              

      

       

      
        	
                 

              	
                Manager

              

      

       

      

       

      

      
        	
                 

              	
                NEW
                  MILLENNIUM CAPITAL PARTNERS II,
                  LLC

              

      

      
        	
                 

              	
                By:  First
                  Street Manager II, LLC

              

      

       

      
        	
                 

              	
                By:  _____________________________________

              

      

       

      
        	
                 

              	
                Corey
                  S. Ribotsky

              

      

       

      
        	
                 

              	
                Manager

              

      

       

      
        
           

        

        
          -
            13
            -

          
            

          

        

        
           

        

      

      SCHEDULE
        A

       

      Subsidiaries
        of the Company

       

      

       

      

       

      Places
        where the Collateral is stored or located

       

      

       

      
        	
                 

              	
                Principal
                  Place of Business of the
                  Company

              

      

       

      

       

      

       

      

       

      
        
           

        

        
          -
            14
            -

          
            

          

        

        
           

        

      

      SCHEDULE
        B

       

      Jurisdictions

       

      

       

      

       

      
        
           

        

        
          -
            15
            -

          
            

          

        

        
           

        

      

      

       

      SCHEDULE
        C

       

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

       

      

       

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

       

      

       

      Any
        future financing Statement

       

      

       

      Conflicts,
        breach or default

       

      
        
           

        

        
          -
            16
            -

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