Document:

EXHIBIT 10.23

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The Securities  represented by this  Convertible  Note have not been  registered
under the  Securities  Act of 1933,  as amended  ("Act"),  or  applicable  state
securities laws ("State Acts") and shall not be sold,  hypothecated,  donated or
otherwise  transferred  unless the  Borrower  shall have  received an opinion of
Legal Counsel for the Borrower, or such other evidence as may be satisfactory to
Legal Counsel for the Borrower,  to the effect that any such transfer  shall not
require registration under the Act and the State Acts.
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                      CONTINENTAL SOUTHERN RESOURCES, INC.

                         12.00% SECURED CONVERTIBLE NOTE

$600,000                                                                   No: 2

                          DATE OF ISSUE: JULY 29, 2003

         CONTINENTAL   SOUTHERN  RESOURCES,   INC.  F/K/A  EXPRESSIONS GRAPHICS,
INC.  (a Nevada  corporation)  (hereinafter  referred to as the  "Borrower")  is
indebted and, for value received, herewith promises to pay to:

                             TRIDENT GROWTH FUND, LP
                          f/k/a Gemini Growth Fund, LP

or to its order, (together with any assignee, jointly or severally, the "Holder"
or "Lender") on or before July 31, 2003 (the  "Termination  Date")  (unless this
Convertible  Note shall have been sooner called for  redemption or presented for
conversion  as  herein  provided),  the  sum of  Six  Hundred  Thousand  Dollars
($600,000) (the "Principal  Amount") and to pay interest on the Principal Amount
at the rate of  twelve  percent  (12.00%)  per  annum  as  provided  herein.  In
furtherance  thereof,  and  in  consideration  of  the  premises,  the  Borrower
covenants, promises and agrees as follows:

   1. INTEREST:  Interest on the Principal Amount  outstanding from time to time
shall  accrue at the rate of 12.00%  per annum and be  payable  in cash via wire
transfer  in  monthly  installments  commencing  April 30,  2002 and  subsequent
payments  shall be made on the  last  day of each  month  thereafter  until  the
Principal  Amount and all  accrued and unpaid  interest  shall have been paid in
full unless the Holder gives the Borrower written  notification  that it desires
for a  particular  month's  interest  payment  to be  paid  in  fully  paid  and
nonassessable  shares of common  stock,  $0.001 par value,  of the Borrower (the
"Common  Stock"),  based on a stock  price of $1.60 per share and such price per
share shall be subject to  adjustment at the times,  and in accordance  with the
provisions as set forth in section 4(a).  Overdue  principal and interest on the
Convertible Note shall, to the extent permitted by applicable law, bear interest
at the rate of 18.00% per annum.  All  payments of both  principal  and interest
shall be made at the address of the Holder hereof as it appears in the books and
records of the  Borrower,  or at such other  place as may be  designated  by the
Holder hereof in writing to Borrower.

   2. MATURITY: If not sooner redeemed or converted, this Convertible Note shall
mature  on July 31,  2004 at which  time all then  remaining  unpaid  principal,
interest and any other  charges then due under the Loan  Agreement  shall be due
and payable in full via wire transfer.

<PAGE>

   3.  OPTIONAL  REDEMPTION:  (a) On any  interest  payment date and after prior
irrevocable  notice as provided for below,  the outstanding  principal amount of
this Convertible Note is redeemable at the option of the Borrower,  in whole but
not in part, at 100% of par.

          (b) The Borrower may exercise its right to redeem prior to Termination
Date by giving notice (the  "Redemption  Notice")  thereof to the Holder as such
name appears on the books of the Borrower,  which notice shall specify the terms
of redemption (including the place at which the Holder may obtain payment),  the
total principal  amount to be redeemed (such principal  amount herein called the
"Redemption  Amount") and the date for redemption (the "Redemption Date"), which
date shall not be less than 90 days nor more than 120 days after the date of the
Redemption  Notice.  On the Redemption  Date, the Borrower shall pay all accrued
unpaid interest on the Convertible Note up to and including the Redemption Date,
and shall pay to the Holder a dollar amount equal to the Redemption  Amount.  In
the case of Convertible Notes called for redemption,  the conversion rights will
expire at the close of business on the Redemption Date.

   4.  CONVERSION  RIGHT:  The  Holder of this  Convertible  Note shall have the
right,  at Holder's  option,  at any time,  to convert  all, or, in multiples of
$50,000,  any part of this  Convertible  Note into such number of fully paid and
nonassessable  shares of Common Stock as shall be provided herein. The holder of
this Convertible Note may exercise the conversion right by giving written notice
(the  "Conversion  Notice") to the  Borrower  of the  exercise of such right and
stating the name or names in which the stock  certificate or stock  certificates
for the shares of Common  Stock are to be issued  and the  address to which such
certificates  shall be delivered.  The Conversion Notice shall be accompanied by
the  Convertible  Note.  The  number of shares of  Common  Stock  that  shall be
issuable upon conversion of the Convertible  Note shall equal the face amount of
the  Convertible  Note divided by the  Conversion  Price as defined below and in
effect on the date the Conversion Notice is given;  provided,  however,  that in
the event that this Convertible Note shall have been partially redeemed,  shares
of Common  Stock shall be issued pro rata,  rounded to the nearest  whole share.
Conversion  shall be  deemed to have been  effected  on the date the  Conversion
Notice is  received  (the  "Conversion  Date").  Within 10  business  days after
receipt of the  Conversion  Notice,  Borrower  shall  issue and  deliver by hand
against a signed receipt therefor or by United States  registered  mail,  return
receipt  requested,  to the address designated in the Conversion Notice, a stock
certificate or stock  certificates  of the Borrower  representing  the number of
shares  of  Common  Stock to which  Holder  is  entitled  and a check or cash in
payment  of all  interest  accrued  and  unpaid on the  Convertible  Note  being
converted up to and including the Conversion Date. The conversion rights will be
governed by the following provisions:

          (a) Conversion  Price: On the issue date hereof and until such time as
an  adjustment  shall  occur,  the  Conversion  price  shall be $1.60 PER SHARE;
provided,  however,  that the Conversion Price shall be subject to adjustment at
the times, and in accordance with the provisions, as follows:

               (i) Adjustment for Issuance of Shares at less than the Conversion
Price:  If and whenever any Additional  Common Stock (as herein  defined) shares
shall be issued by the Borrower (the "Stock Issue Date") for a consideration per
share  less  than the  Conversion  Price,  then in each  such  case the  initial
Conversion  Price shall be reduced to a new Conversion  Price in an amount equal
to the  consideration  per share  received by the  Borrower  for the  additional
shares of Common  Stock then issued and the number of shares  issuable to Holder
upon conversion shall be proportionately  increased;  and, in the case of shares
issued without  consideration,  the initial Conversion Price shall be reduced in
amount and the number of shares issued upon conversion shall be increased

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                                     Page 2

                                                    Issuer's Initial____________

<PAGE>

in an  amount  so as to  maintain  for the  Holder  the  right  to  convert  the
Convertible Note into shares equal in amount to the same percentage  interest in
the Common Stock of the Borrower as existed for the Holder immediately preceding
the Stock Issue Date.

               (ii) Sale of Shares: In case of the issuance of Additional Common
Stock for a consideration  part or all of which shall be cash, the amount of the
cash  consideration  therefor  shall  be  deemed  to be the  amount  of the cash
received by Borrower for such shares,  after any compensation or discount in the
sale,  underwriting  or purchase  thereof by  underwriters  or dealers or others
performing   similar  services  or  for  any  expenses  incurred  in  connection
therewith.  In case of the issuance of any shares of Additional Common Stock for
a consideration part or all of which shall be other than cash, the amount of the
consideration  therefor,  other than  cash,  shall be deemed to be the then fair
market value of the property  received as determined  by an  investment  banking
firm selected by Lender.

               (iii) Reclassification of Shares: In case of the reclassification
of securities into shares of Common Stock,  the shares of Common Stock issued in
such  reclassification  shall be deemed to have been issued for a  consideration
other than cash.  Shares of Additional Common Stock issued by way of dividend or
other distribution on any class of stock of the Borrower shall be deemed to have
been issued without consideration.

               (iv)  Split up or  Combination  of  Shares:  In case  issued  and
outstanding  shares  of  Common  Stock  shall be  subdivided  or split up into a
greater  number of shares of the Common  Stock,  the  Conversion  Price shall be
proportionately  decreased,  and in case issued and outstanding shares of Common
Stock shall be combined  into a smaller  number of shares of Common  Stock,  the
Conversion Price shall be proportionately  increased, such increase or decrease,
as the case may be, becoming  effective at the time of record of the split-up or
combination, as the case may be.

               (v) Exceptions:  The term "Additional  Common Stock" herein shall
mean in the most broadest sense all shares of Common Stock  hereafter  issued by
the Borrower (including, but not limited to Common Stock held in the treasury of
the Borrower and common stock  purchasable via derivative  security or option on
the date of such grant ), except Common Stock issued upon the  conversion of any
of this Convertible Note or Warrant.

          (b) Adjustment for Mergers, Consolidations, Etc.:

               (i) In the event of  distribution  to all Common Stock holders of
any stock,  indebtedness of the Borrower or assets  (excluding cash dividends or
distributions from retained earnings) or other rights to purchase  securities or
assets,  then, after such event, the Convertible  Notes will be convertible into
the kind and amount of  securities,  cash and other property which the holder of
the  Convertible  Notes would have been  entitled to receive if the holder owned
the Common Stock issuable upon conversion of the Convertible  Notes  immediately
prior to the occurrence of such event.

               (ii) In case of any capital  reorganization,  reclassification of
the stock of the Borrower  (other than a change in par value or as a result of a
stock  dividend,   subdivision,   split  up  or  combination  of  shares),  this
Convertible  Note  shall be  convertible  into the kind and  number of shares of
stock or other securities or property of the Borrower to which the holder of the
Convertible  Note would have been  entitled  to receive if the holder  owned the
Common Stock issuable upon conversion of the Convertible Note immediately  prior
to the  occurrence of such event.  The  provisions of these  foregoing  sentence
shall   similarly  apply  to  successive   reorganizations,   reclassifications,
consolidations,  exchanges,  leases,  transfers or other  dispositions  or other
share exchanges.

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                                     Page 3

                                                    Issuer's Initial____________

<PAGE>

               (iii) Notice of  Adjustment.  (A) In the event the Borrower shall
propose to take any action which shall result in an adjustment in the Conversion
Price,  the Borrower shall give notice to the holder of this  Convertible  Note,
which notice shall  specify the record date, if any, with respect to such action
and the date on which such action is to take place.  Such notice  shall be given
on or before  the  earlier of 10 days  before the record  date or the date which
such action  shall be taken.  Such notice shall also set forth all facts (to the
extent known) material to the effect of such action on the Conversion  Price and
the number,  kind or class of shares or other securities or property which shall
be deliverable or purchasable  upon the occurrence of such action or deliverable
upon conversion of this Convertible  Note. (B) Following  completion of an event
wherein the  Conversion  Price shall be adjusted,  the Borrower shall furnish to
the holder of this Convertible Note a statement, signed by an authorized officer
of the  Borrower  of the facts  creating  such  adjustment  and  specifying  the
resultant adjusted Conversion Price then in effect.

     5. RESERVATION OF SHARES: The Borrower warrants and agrees that it shall at
all times reserve and keep available,  free from preemptive  rights,  sufficient
authorized  and  unissued  shares of Common Stock to effect  conversion  of this
Convertible Note.

     6. REGISTRATION  RIGHTS:  The Holder has certain rights with respect to the
registration  of shares of  Common  Stock  issued  upon the  conversion  of this
Convertible  Note pursuant to the terms of the Loan  Agreement.  Borrower agrees
that  a  copy  of  the  Loan  Agreement  with  all   amendments,   additions  or
substitutions  therefor  shall be  available to the Holder at the offices of the
Borrower.

     7. TAXES:  The Borrower shall pay any  documentary  or other  transactional
taxes  attributable to the issuance or delivery of this  Convertible Note or the
shares of Common  Stock  issued upon  conversion  by the Holder  (excluding  any
federal,  state or local income taxes and any  franchise  taxes or taxes imposed
upon the Holder by the jurisdiction, or any political subdivision thereof, under
which such Holder is organized or is qualified to do business.)

   8. DEFAULT:

     (a) Event of Default:  An "Event of Default" shall exist if any one or more
of the following events (herein  collectively  called "Events of Default") shall
occur and be continuing:

               (i)  Borrower  shall  fail to pay (or shall  state in  writing an
intention not to pay or its inability to pay),  not later than 10 days after the
due date, any installment of interest on or principal of, any  Convertible  Note
or any fee, expense or other payment required hereunder;

               (ii) Any of events stated in Section 7 of the Loan Agreement.

     (b)  Remedies  Upon Event of  Default:  If an Event of  Default  shall have
occurred  and be  continuing,  then Lender may  exercise  any one or more of the
following  rights and remedies,  and any other  remedies  provided in any of the
Loan  Documents,  as  Lender  in its  sole  discretion,  may deem  necessary  or
appropriate:

               (i) declare the unpaid Principal Amount (after application of any
payments or  installments  received by Lender) of, and all interest then accrued
but unpaid on, the Convertible Notes and any other  liabilities  hereunder to be
forthwith  due and payable,  whereupon the same shall  forthwith  become due and
payable  without  presentment,  demand,  protest,  notice of default,  notice of
acceleration  or of intention to accelerate or other notice of any kind,  all of
which Borrower hereby expressly waives.

               (ii) reduce any claim to judgment, and/or

               (iii) without notice of default or demand, pursue and enforce any
of Lender's rights and remedies under the Loan Documents,  or otherwise provided
under or pursuant to any applicable law or agreement, all of which rights may be
specifically enforced.

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                                     Page 4

                                                    Issuer's Initial____________

<PAGE>

          (c) Remedies  Nonexclusive:  Each right, power or remedy of the holder
hereof  upon the  occurrence  of any Event of  Default as  provided  for in this
Convertible Note or now or hereafter  existing at law or in equity or by statute
shall be  cumulative  and  concurrent  and shall be in  addition  to every other
right, power or remedy provided for in this Convertible Note or now or hereafter
existing at law or in equity or by statute, and the exercise or beginning of the
exercise by the holder or  transferee  hereof of any one or more of such rights,
powers or remedies shall not preclude the  simultaneous or later exercise by the
holder of any or all such other rights, powers or remedies.

          (d) Expenses: Upon the occurrence of a Default or an Event of Default,
which  occurrence  is not cured  within the notice  provisions,  if any provided
therefore,  Borrower  agrees  to pay  and  shall  pay  all  costs  and  expenses
(including Lenders attorney's fees and expenses)  reasonably  incurred by Lender
in connection with the preservation and enforcement of Lender's rights under the
Loan Agreement, the Convertible Notes, or any other Loan Document.

   9.  FAILURE TO ACT AND  WAIVER:  No failure or delay by the holder  hereof to
require the performance of any term or terms of this  Convertible Note or not to
exercise any right, or any remedy shall  constitute a waiver of any such term or
of any right or of any  default,  nor shall such delay or failure  preclude  the
holder hereof from exercising any such right,  power or remedy at any later time
or times.  By accepting  payment after the due date of any amount  payable under
this Convertible  Note, the holder hereof shall not be deemed to waive the right
either to require  payment when due of all other  amounts  payable,  or to later
declare a default for failure to effect such  payment of any such other  amount.
The failure of the holder of this Convertible Note to give notice of any failure
or breach of the Borrower  under this  Convertible  Note shall not  constitute a
waiver of any right or remedy in respect of such continuing failure or breach or
any subsequent failure or breach.

   10. CONSENT TO JURISDICTION: The Borrower hereby agrees and consents that any
action,  suit or proceeding  arising out of this Convertible Note may be brought
in any  appropriate  court in the State of Texas  including  the  United  States
District Court for the Northern  District of Texas, or in any other court having
jurisdiction  over the subject  matter,  all at the sole  election of the holder
hereof,  and by the issuance and execution of this Convertible Note the Borrower
irrevocably consents to the jurisdiction of each such court.

   11. HOLDERS RIGHT TO REQUEST  MULTIPLE  CONVERTIBLE  NOTES: The Holder shall,
upon written request and  presentation of the Convertible  Note, have the right,
at any interest  payment date, to request division of this Convertible Note into
two or more  units,  each of such to be in such  amounts as shall be  requested;
provided  however that no Convertible  Notes shall be issued in denominations of
face amount less than $50,000.00.

   12.  TRANSFER:  This  Convertible Note may be transferred on the books of the
Borrower  by  the  registered  Holder  hereof,  or  by  Holder's  attorney  duly
authorized in writing, only upon (i) delivery to the Borrower of a duly executed
assignment of the Convertible Note, or part thereof, to the proposed new Holder,
along  with a current  notation  of the  amount  of  payments  received  and net
Principal  Amount yet unfunded,  and presentment of such Convertible Note to the
Borrower for issue of a replacement  Convertible Note, or Convertible  Notes, in
the  name of the new  Holder,  (ii) the  designation  by the new  Holder  of the
Lender's  agent for  notice,  such agent to be the sole  party to whom  Borrower
shall be required to provide notice when notice to Lender is required  hereunder
and who shall be the sole  party  authorized  to  represent  Lender in regard to
modification or waivers under the Convertible Note, the Loan Agreement, or other
Loan Documents;  and any action,  consent or waiver, (other than a compromise of
principal and

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                                     Page 5
                                                    Issuer's Initial____________

<PAGE>

interest),  when given or taken by Lender's agent for notice, shall be deemed to
be the action of the holders of a majority in amount of the Principal  Amount of
the  Convertible  Notes,  as such  holders  are  recorded  on the  books  of the
Borrower,  and (iii) in  compliance  with the  legend  to read  "The  Securities
represented  by this  Convertible  Note  have  not  been  registered  under  the
Securities Act of 1933, as amended ("Act"),  or applicable state securities laws
("State  Acts")  and  shall  not be sold,  hypothecated,  donated  or  otherwise
transferred  unless the Borrower shall have received an opinion of Legal Counsel
for the Borrower, or such other evidence as may be satisfactory to Legal Counsel
for the  Borrower,  to the  effect  that any such  transfer  shall  not  require
registration under the Act and the State Acts."

   The  Borrower  shall be  entitled  to  treat  any  holder  of  record  of the
Convertible  Note as the Holder in fact thereof and of the Convertible  Note and
shall not be bound to recognize  any  equitable or other claim to or interest in
this Convertible  Note in the name of any other person,  whether or not it shall
have express or other notice thereof,  save as expressly provided by the laws of
Texas.

   13. NOTICES: All notices and communications under this Convertible Note shall
be in writing and shall be either  delivered in person or by overnight  delivery
and  accompanied  by a signed receipt  therefor;  or mailed  first-class  United
States certified mail, return receipt requested,  postage prepaid, and addressed
as  follows:  (i) if to the  Borrower at its address for notice as stated in the
Loan  Agreement;  and,  (ii) if to the holder of this  Convertible  Note, to the
address (a) of such holder as it appears on the books of the Borrower, or (b) in
the case of a partial  assignment to one or more holders,  to the Lender's agent
for  notice,  as the case may be.  Any notice of  communication  shall be deemed
given and received as of the date of such delivery if  delivered;  or if mailed,
then three days after the date of mailing.

   14.  MAXIMUM  INTEREST  RATE:  Regardless of any provision  contained in this
Convertible Note, Lender shall never be entitled to receive, collect or apply as
interest on the Convertible Note any amount in excess of interest  calculated at
the Maximum  Rate,  and, in the event that  Lender  ever  receives,  collects or
applies as  interest  any such  excess,  the  amount  which  would be  excessive
interest  shall be deemed to be a partial  prepayment  of principal  and treated
hereunder as such; and, if the principal  amount of the Convertible Note is paid
in  full,  any  remaining  excess  shall  forthwith  be  paid  to  Borrower.  In
determining  whether  or not the  interest  paid or payable  under any  specific
contingency exceeds interest calculated at the Maximum Rate, Borrower and Lender
shall, to the maximum extent  permitted under  applicable law, (i)  characterize
any non principal payment as an expense, fee or premium rather than as interest;
(ii) exclude voluntary  prepayments and the effects thereof, and (iii) amortize,
pro rate,  allocate  and spread,  in equal  parts,  the total amount of interest
throughout the entire  contemplated term of the Convertible Note; provided that,
if the  Convertible  Note is paid and  performed in full prior to the end of the
full  contemplated  term  thereof,  and if the interest  received for the actual
period of existence  thereof  exceeds  interest  calculated at the Maximum Rate,
Lender  shall  refund to Borrower the amount of such excess or credit the amount
of such excess against the principal amount of the Convertible Note and, in such
event,  Lender  shall not be subject to any  penalties  provided by any laws for
contracting for, charging,  taking, reserving or receiving interest in excess of
interest calculated at the Maximum Rate.

   (b) "Maximum  Rate" shall mean, on any day, the lesser of (i) 18% or (ii) the
highest  nonusurious  rate of interest (if any)  permitted by applicable  law on
such day that at any time, or from time to time, may be contracted  for,  taken,
reserved,  charged or received on the Indebtedness  evidenced by the Convertible
Note  under the laws  which are  presently  in  effect of the  United  States of
America  and the State of Texas or by the laws of any other  jurisdiction  which
are or may be  applicable  to the  holders  of the  Convertible  Note  and  such
Indebtedness  or, to the extent  permitted by law, under such applicable laws of
the United  States of America and the State of Texas or by the laws of any other
jurisdiction  which are or may be  applicable  to the holder of the  Convertible
Note and  which may  hereafter  be in effect  and which  allow a higher  maximum
nonusurious interest rate than applicable laws now allow.

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                                     Page 6
                                                    Issuer's Initial____________

   15. RIGHTS UNDER LOAN AGREEMENT:  This Convertible Note is issued pursuant to
that certain Loan Agreement originally dated April 2002 and amended July 29 2003
by and between the Lender and Borrower  (the "Loan  Agreement"),  and the holder
hereof is  entitled  to all the rights and  benefits,  and is subject to all the
obligations  of Lender  under said  agreement.  Both  Borrower  and Lenders have
participated  in the  negotiation  and  preparation of the Loan Agreement and of
this  Convertible  Note.  Borrower agrees that a copy of the Loan Agreement with
all amendments,  additions and substitutions therefore shall be available to the
Holder at the offices of the Borrower. This Convertible Note is secured pursuant
to a security agreement dated April 2002

   16.  GOVERNING LAW: THIS  CONVERTIBLE NOTE SHALL BE GOVERNED BY AND CONSTRUED
AND  ENFORCED  IN  ACCORDANCE  WITH THE LAWS OF THE  STATE OF TEXAS,  OR,  WHERE
APPLICABLE,  THE  LAWS  OF  THE  UNITED  STATES.  THERE  ARE NO  UNWRITTEN  ORAL
AGREEMENTS BETWEEN THE PARTIES.

                            [Signature page follows]

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                                     Page 7
                                                    Issuer's Initial____________

<PAGE>

         IN  WITNESS   WHEREOF,   the  undersigned   Borrower  has  caused  this
Convertible  Note to be duly issued and  executed on the Date of Issue as stated
above.

ADDRESS FOR NOTICE:                  Continental Southern Resources, Inc.
-------------------
111Presidential Blvd
Suite 158
Bala Cynwyd PA 79004                 By:  /s/ STEPHEN P. HARRINGTON
                                          -------------------------
Attn. Steve Harrington                    Stephen P. Harrington
Ph. 610 660 5906                          Title: President
Fax. 610 660 5905
                                     Attest
                                     By:
                                     ------------------------------------------
                                     Title: Secretary

                                    GUARANTY

Names of  subsidiaries  ("Guarantors"),  in  consideration  of Lender's  loan do
hereby jointly and severally guaranty performance under the Convertible Note and
shall  promptly  pay  principal,  interest  and  penalties  that are not paid by
Borrower  to Lender  pursuant  to this  Convertible  Note.  This is an  absolute
guarantee of payment.  Obligations of the Guarantors  shall not be discharged or
impaired or otherwise affected by the failure of Lender to assert, claim, demand
or enforce any remedy under this Convertible  Note, nor by waiver,  modification
or  amendment  of this  Convertible  Note or by any  compromise,  settlement  or
discharge of  obligations of Borrower under this  Convertible  Note.  Guarantors
shall be given  fifteen days  written  notice by Lender of a default by Borrower
under the Note prior to Lender collecting from Guarantors.

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                                     Page 8
                                                    Issuer's Initial____________EXHIBIT 10.24

                        FIRST AMENDED SECURITY AGREEMENT

DATE:  April 2002, amended July 29, 2003

DEBTOR: Continental Southern Resources, Inc. f/k/a Expressions Graphics, Inc.

DEBTOR'S MAILING ADDRESS: 111 Presidential Blvd., Suite 158 Balz Cynwyd,
                          PA 19004

SECURED PARTY: Trident Growth Fund, L.P. f/k/a Gemini Growth Fund, L.P.

SECURED PARTY'S MAILING ADDRESS: 700 Gemini, Houston, TX 77058

CLASSIFICATION OF COLLATERAL:  Accounts,  contract rights, property,  equipment,
inventory,  general intangibles,  instruments,  deposit accounts, chattel paper,
leases, mineral right and all other assets.

COLLATERAL  (INCLUDING ALL ACCESSIONS):  Accounts,  contract  rights,  property,
equipment,  inventory,  general  intangibles,   instruments,  deposit  accounts,
chattel paper, leases,  mineral rights and all other assets.

     a)   All  attachments,   accessions  accessories,  tools,  parts  supplies,
          increases,  and additions to and all replacements of and substitutions
          for any property described above.

     b)   All  products  and produce of any of the  property  described  in this
          Collateral section.

     c)   All accounts,  contracts  rights,  general  intangibles,  intellectual
          property,  instruments, rents, monies, payments, and all other rights,
          arising  out of a sale,  lease,  or  other  disposition  of any of the
          property described in this Collateral section.

     d)   All   proceeds   (including   insurance   proceeds)   from  the  sale,
          destruction,  loss,  or  other  deposition  of  any  of  the  property
          described in this Collateral section.

OBLIGATION:  Convertible Note and any, and all other  indebtedness,  liabilities
and  obligations  of the Debtor to the  Secured  Party now owing or  hereinafter
incurred.

         DATE:             April 2002 and August 2003

         AMOUNT:           $2,100,000

         MAKER:            Continental Southern Resources, Inc.

                        --------------------------------
                          SECURITY AGREEMENT - PAGE 1
<PAGE>

         PAYEE:                        Trident Growth Fund, LP

         FINAL MATURITY DATE:          As provided therein

         TERMS OF PAYMENT (OPTIONAL):  As provided therein

Debtor grants to Secured Party a security interest in the Collateral and all its
proceeds  to secure  payment and  performance  of  Debtor's  obligation  and all
renewals and extensions of any of the obligation.

DEBTOR'S WARRANTIES:

     1.   OWNERSHIP.  Debtor owns the  collateral and has the authority to grant
          this security interest.

     2.   FIXTURES AND  ACCESSIONS.  None of the  collateral  is affixed to real
          estate,  is an accession to any goods, is commingled with other goods,
          or will become a fixture, accession, or part of a product or mass with
          other goods except as expressly provided in this agreement.

     3.   FINANCIAL   STATEMENTS.   All  information  about  Debtor's  financial
          condition  provided to Secured Party was accurate when  submitted,  as
          will be any information subsequently provided.

DEBTOR'S COVENANTS:

     1.   PROTECTION OF COLLATERAL.  Debtor will defend the  collateral  against
          all claims and demands adverse to Secured  Party's  interest in it and
          will keep it free from all  liens  except  those for taxes not yet due
          and from all security  interests  except this one. The collateral will
          remain in  Debtor's  possession  or control  at all  times,  except as
          otherwise  provided  in  this  agreement.  Debtor  will  maintain  the
          collateral  in good  condition and protect it against  misuse,  abuse,
          waste and  deterioration  except for ordinary wear and tear  resulting
          from its intended use.

     2.   SECURED  PARTY'S  COSTS.  Debtor  will pay all  expenses  incurred  by
          Secured  Party in  obtaining,  preserving,  perfecting,  defending and
          enforcing  this security  interest or the collateral and in collecting
          or  enforcing  the  Obligation.  Expenses  for which  Debtor is liable
          include,  but are  not  limited  to,  taxes,  assessments,  reasonable
          attorney's  fees, and other legal  expenses.  These expenses will bear
          interest  from the dates of  payments  at the  highest  rate stated in
          notes that are part of the  obligation,  and Debtor  will pay  Secured
          Party this interest on demand at a time and place reasonably specified
          by Secured  Party.  These  expenses and  interest  will be part of the
          obligation and will be recovered as such in all respects.

     3.   ADDITIONAL  DOCUMENTS.  Debtor will sign any papers that Secured Party
          considers  necessary to obtain,  maintain,  and perfect this  security
          interest or to comply with any relevant law.

     4.   NOTICE OF CHANGES. Debtor will immediately notify Secured Party of any
          material change in the collateral other than in the ordinary course of
          business; change in Debtor's name, address, or location; change in any
          matter  warranted or  represented in this  agreement;  change that may
          affect this security interest; and any event of default.

     5.   USE  AND  REMOVAL  OF  COLLATERAL.  Debtor  will  use  the  collateral
          primarily according to the stated  classification unless Secured Party
          consents  otherwise in writing.  Debtor will not permit the collateral
          to be affixed to any real estate, to become an accession to any goods,
          to be commingled with other goods, or to become a fixture,  accession,
          or part of a product  or mass with  other  goods  except as  expressly
          provided in this agreement or in the ordinary course of business.

                        --------------------------------
                           SECURITY AGREEMENT - PAGE 2

<PAGE>

     6.   SALE.  Debtor  will  not  sell,  transfer,  or  encumber  any  of  the
          collateral  without the prior  written  consent of Secured Party other
          than in the ordinary course of business.

     7.   If requested by Secured Party,  debtor will receive and use reasonable
          diligence to collect all accounts, accounts receivable, chattel paper,
          instruments,  documents and general intangibles,  deposit accounts, in
          trust,  and to be  held  as  property  of the  Secured  Party,  and to
          immediately  endorse as appropriate and deliver such rights to payment
          and  proceeds  to Secured  Party daily in the exact form in which they
          are received  together with a collection report in a form satisfactory
          to Secured Party.

     8.   Debtor  agrees not to  commingle  the rights to  payment,  proceeds or
          collections thereunder with other property.

     9.   Debtor agrees,  with regard to the collateral and proceeds,  from time
          to time when  reasonably  requested by Secured  Party,  to prepare and
          deliver a schedule  of all  collateral  and  proceeds  subject to this
          agreement  and to assign in writing and  deliver to secured  party all
          accounts,  contracts,  leases and other  chattel  paper,  instruments,
          documents and other evidences  thereof.

     10.  Debtor agrees with regard to the  collateral and proceeds in the event
          secured  party  elects to  receive  payments  of rights to  payment or
          proceeds hereunder, to pay all reasonable expenses incurred by secured
          party  in  connection  therewith,  including  reasonable  expenses  of
          accounting,  correspondence,  collection efforts, reporting to account
          or contract debtors,  filing,  recording,  record keeping and expenses
          incidental thereto.

RIGHTS AND REMEDIES OF SECURED PARTY:

     1. GENERALLY.  Secured Party may exercise the following rights and remedies
after default:

     a)   take  control  of any  proceeds  of the  collateral;  b)  release  any
          collateral in Secured Party's possession to any debtor, temporarily or
          otherwise;

     c)   take control of any funds generated by the collateral, such as refunds
          from and proceeds of insurance,  and reduce any part of the obligation
          accordingly  or permit  Debtor to use such  funds to repair or replace
          damaged or destroyed  collateral covered by insurance;  and

     d)   demand, collect,  convert,  redeem, settle,  compromise,  receipt for,
          realize on, adjust, sue for, and foreclose on the collateral either in
          Secured Party's Debtor's name, as Secured Party desires.

EVENTS OF DEFAULT:  Each of the  following  conditions is an Event of Default if
not cured within an  applicable  cure or grace period under any Loan Document by
and between Secured Party and Debtor:

     1.   if Debtor defaults in timely payment or performance of any obligation,
          covenant,  or liability in any written  agreement  between  Debtor and
          Secured Party or in any other transaction secured by this agreement;

     2.   if any warranty,  covenant or representation  made to Secured Party by
          or on  behalf of Debtor  proves  to have  been  false in any  material
          respect when made;

     3.   if a receiver is appointed for Debtor or any of the collateral;

     4.   if the  collateral is assigned for the benefit of creditors or, to the
          extent  permitted  by law, if  bankruptcy  or  insolvency  proceedings
          commence against or by any of these parties:  Debtor;  any partnership
          of which Debtor is a general partner; and any maker, drawer, acceptor,
          endorser,  guarantor,  surety,  accommodation  party,  or other person
          liable on or for any part of the obligation;

                        --------------------------------
                          SECURITY AGREEMENT - PAGE 4

<PAGE>

     5.   if any financing statement regarding the collateral but not related to
          this security and not favoring  Secured Party is filed;

     6.   if any lien attaches to any of the collateral;

     7.   if any material amount of the collateral is lost, stolen,  damaged, or
          destroyed,  unless it is promptly  replaced  with  collateral  of like
          quality or restored to its former condition.

     8.   Secured party  reasonably  by and in good faith,  believes that any or
          all  of  the  collateral  and/or  proceeds  to be  danger  of  misuse,
          dissipation,  commingling,  loss,  theft,  damage or  destruction,  or
          otherwise in jeopardy or unsatisfactory in character or value.

REMEDIES OF SECURED PARTY ON DEFAULT:

1.   During the existence of any event of default, Secured Party may declare the
     unpaid  principal and earned interest of the obligation  immediately due in
     whole or part, enforce the obligation, and exercise any rights and remedies
     granted by the Uniform Commercial Code or by this agreement,  including the
     following:

     a)   require  Debtor to  deliver  to  Secured  Party all books and  records
          relating to the collateral;

     b)   require  Debtor to assemble  the  collateral  and make it available to
          Secured Party at a place reasonably convenient to both parties;

     c)   take  possession of any of the  collateral  and for this purpose enter
          any premises where it is located if this can be done without breach of
          the peace;

     d)   sell,  lease, or otherwise  dispose of any of the collateral in accord
          with the  rights,  remedies,  and  duties  of a  secured  party  under
          chapters 2 and 9 of the Texas Uniform  Commercial Code after notice as
          required by those chapters; unless the collateral threatens to decline
          speedily in value,  is  perishable,  or would  typically  be sold on a
          recognized market, Secured Party will give Debtor reasonable notice of
          any public sale of the  collateral  or of a time after which it may be
          otherwise disposed of without further notice to Debtor; in this event,
          notice will be deemed reasonable if it is mailed,  postage prepaid, to
          Debtor at the address  specified  in this  agreement at least ten days
          before any public sale or ten days before the time when the collateral
          may be otherwise disposed of without further notice to Debtor; in this
          event,  notice  will be deemed  reasonable  if it is  mailed,  postage
          prepaid, to Debtor at the address specified in this agreement at least
          ten days before any private sale or ten days before any public sale or
          ten days before time when the collateral may be otherwise  disposed of
          without further notice to Debtor;

     e)   surrender any insurance  policies  covering the collateral and receive
          the unearned premium;

     f)   apply any proceeds from disposition of the collateral after default in
          the manner  specified  in chapter 9 of the  Uniform  Commercial  Code,
          including  payment of Secured Party's  reasonable  attorney's fees and
          court expenses; and

     g)   if disposition of the  collateral  leaves the obligation  unsatisfied,
          collect the deficiency from Debtor.

                        --------------------------------
                           SECURITY AGREEMENT - PAGE 4

<PAGE>

GENERAL PROVISIONS

1.   PARTIES BOUND.  Secured  Party's rights under this agreement shall inure to
     the benefit of its  successors  and assigns.  Assignment of any part of the
     obligation and delivery by Secured Party of any part of the collateral will
     fully  discharge  Secured  Party from  responsibility  for that part of the
     collateral.  If  Debtor  is  more  than  one,  all  their  representations,
     warranties,  and  agreements  are joint and several.  Debtor's  obligations
     under  this  agreement  shall  bind  Debtor's   personal   representatives,
     successors, and assigns.

2.   WAIVER.  Neither  delay in  exercise  nor  partial  exercise of any Secured
     Party's  remedies or rights shall waive further  exercise of those remedies
     or rights.  Secured Party's failure to exercise remedies or rights does not
     waive  subsequent  exercise of those  remedies or rights.  Secured  Party's
     waiver of any  default  does not waive  further  default.  Secured  Party's
     waiver of any right in this  agreement or of any default is binding only if
     it is in writing. Secured Party may remedy any default without waiving it.

3.   REIMBURSEMENT.  If Debtor  fails to perform  any of  Debtor's  obligations,
     Secured Party may perform those  obligations and be reimbursed by Debtor on
     demand  at the  place  where  the  note is  payable  for any  sums so paid,
     including attorney's fees and other legal expenses,  plus interest on those
     sums from the dates of payment at the rate stated in the note for  matured,
     unpaid amounts.  The sum to be reimbursed shall be secured by this security
     agreement.

4.   INTEREST RATE.  Interest  included in the  obligation  shall not exceed the
     maximum  amount of nonusers  interest  that may be contracted  for,  taken,
     reserved,  charged,  or received  under law; any interest in excess of that
     maximum  amount shall be credited to the principal of the obligation or, if
     that has been paid, refunded.  On any acceleration or required or permitted
     prepayment   of  the   obligation,   any  such  excess  shall  be  canceled
     automatically  as of the  acceleration  or prepayment  or, if already paid,
     credited on the  principal  amount of the  obligation  or, if the principal
     amount has been paid or refunded. This provision overrides other provisions
     in this and all other instruments concerning the obligation.

5.   MODIFICATIONS. No provisions of this agreement shall be modified or limited
     except by written agreement.  6. SEVERABILITY.  The unenforceability of any
     provision of this agreement will not effect the  enforceability or validity
     of any other provision.

7.   AFTER-ACQUIRED  CONSUMER  GOODS.  This  security  interest  shall attach to
     after-acquired consumer goods only to the extent permitted by law.

8.   APPLICABLE LAW. This agreement will be construed according to Texas laws.

9.   PLACE OF  PERFORMANCE.  This  agreement is to be performed in the county of
     Secured Party's mailing address.

10.  FINANCING STATEMENT. A carbon, photographic,  or other reproduction of this
     agreement or any financing  statement covering the collateral is sufficient
     as a financing statement.

11.  PRESUMPTION OF TRUTH AND VALIDITY. If the collateral is sold after default,
     recitals  in the bill of sale or transfer  will be prima facie  evidence of
     their truth, and all  prerequisites to the sale specified by this agreement
     and by the Texas Uniform Commercial Code will be presumed satisfied.

12.  SINGULAR AND PLURAL. When the context requires, singular nouns and pronouns
     include the plural.

13.  PRIORITY OF SECURITY INTEREST.  Neither extensions of any of the obligation
     nor releases of any of the collateral  will affect the priority of validity
     of this security interest with reference to any third person.

                        --------------------------------
                           SECURITY AGREEMENT - PAGE 5

<PAGE>

14.  CUMULATIVE REMEDIES. Foreclosure of this security interest by suit does not
     limit secured Party's remedies,  including the right to sell the collateral
     under the terms of this  agreement.  All  remedies of Secured  Party may be
     exercised at the same or different  times, and no remedy shall be a defense
     to any other. Secured Party's rights and remedies include all those granted
     by law or otherwise, in addition to those specified in this agreement.

15.  AGENCY.  Debtor's appointment of Secured Party as Debtor's agent is coupled
     with an interest and will survive any disability of Debtor.

16.  ATTACHMENTS INCORPORATED.  The addendum indicated below is attached to this
     agreement  and  incorporated  into it for  all  purposes:

     a)   ( ) addendum  relating  to  accounts,  inventory,  documents,  chattel
          paper, and general intangibles

     b)   ( ) addendum relating to instruments

Secured Party:

     ------------------------------------
By:

Debtor:

By:  /s/  STEPHEN P. HARRINGTON
     -----------------------------------
     Title:

By:
     ------------------------------------
     Title:

                        --------------------------------
                           SECURITY AGREEMENT - PAGE 6

<PAGE>

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