Document:

EXHIBIT 10.10

                             DEMAND PROMISSORY NOTE

$500,000.00                                            Dated: as of July 1, 2002

         1.       PRINCIPAL.

         FOR VALUE RECEIVED, the undersigned, EarthNetMedia, Inc., a Nevada
corporation ("Borrower"), hereby promises to pay to the order of Alie Chang and
Felizian Paul (together, "Lender") the principal sum of Five Hundred Thousand
United States Dollars and No Cents (U.S.$500,000.00), or so much thereof as
shall have been disbursed to Borrower, as reflected in the Schedule annexed to
this Note (the "Loan") with interest from the date of this Note on the unpaid
principal at the rate of eight percent (8%) per annum.

         2.       SCHEDULE TO NOTE.

         Borrower hereby authorizes Lender to endorse on the Schedule annexed to
this Note all loans made to Borrower and all payments of principal amounts in
respect of such loans, which endorsements shall, in the absence of manifest
error, be conclusive as to the outstanding principal amount of all loans made to
Borrower; provided, however that the failure to make such notation with respect
to any loan or payment shall not limit or otherwise affect the obligations of
Borrower under this Note.

         3.       PAYMENT, MATURITY DATE.

         BORROWER SHALL PAY INTEREST AND PRINCIPAL UNDER THIS NOTE ON DEMAND.
Unless accelerated pursuant to the terms of this Note, the unpaid principal
balance of this Note, together with all unpaid interest accrued thereon, and all
other amounts payable by Borrower under the terms of this Note shall be due and
payable on December 31, 2005 (the "Maturity Date").

         If any payment of principal or interest to be made by Borrower shall
become due on a day other than a Business Day, such payment shall be made on the
next succeeding Business Day and such extension of time shall be included in
computing any interest with respect to such payment. "Business Day" shall mean
any Monday, Tuesday, Wednesday, Thursday or Friday on which banks are open for
business in Los Angeles, California.

         All interest due hereunder shall be computed on the basis of a year of
365 days, simple interest, for the actual number of days elapsed.

<PAGE>

         All payments received by Lender under this Note shall be credited first
to any charges or other expenses for which Lender is entitled to payment
hereunder, next to accrued but unpaid interest, and third to unpaid principal.

         4.       MANNER OF PAYMENT.

         Principal and interest on the Loan, and all other amounts payable
hereunder, is payable in lawful currency of the United States of America in
immediately available funds at Lender's address of 222 Amalfi Drive, Santa
Monica, California 90402, payable jointly to the individuals constituting Lender
under this Note.

         5.       EVENT OF DEFAULT/REMEDIES.

                  (a)      EVENTS OF DEFAULT.  Any of the following events shall
constitute an Event of Default:

                           (i)     breach by Borrower of any of Borrower's obli-
gations or covenants under this Note; provided that Borrower shall have ten (10)
days from the date of any failure to perform any of its obligations or covenants
under this Note not involving the payment of money to Lender, within which to
cure said failure; or

                           (ii)    Borrower (A) becomes insolvent or admits in
writing Borrower's inability to pay Borrower's debts as they mature, (B) makes
any assignment for the benefit of creditors, or (C) applies for or consents to
the appointment of a receiver or trustee for Borrower or for a substantial part
of Borrower's property or business, or a receiver or trustee otherwise is
appointed and is not discharged within thirty (30) days after such appointment;
or

                           (iii)   any of Borrower's representations or
warranties made herein or in any statement or certificate at any time given by
Borrower pursuant hereto or in connection herewith is false or misleading in any
material respect; or

                           (iv)    any bankruptcy, insolvency, reorganization or
liquidation proceeding or other proceeding for relief under any bankruptcy law
or any law for the relief of debtors is instituted by or against Borrower; or

                           (v)     breach by Borrower of any obligation,
agreement, covenant, representation or warranty of Borrower made in or arising
under the Security Agreement (as defined in Section 13 hereof).

                  (b)      REMEDIES. Upon the occurrence and during the
continuance of an Event of Default described in Subsections 5(a)(ii) or 5(a)(iv)
above, all indebtedness under this Note shall automatically be immediately due
and payable. In addition, Lender, at its option, and without notice to Borrower,
may take one or more of the actions described below. Upon the occurrence and
during the continuance of any other Event of Default, Lender at its option and,
unless otherwise specified below, without notice to Borrower, may do any one or
more of the following:

<PAGE>

                           (i)     declare all indebtedness under this Note
immediately due and payable and credit any sums received thereafter in such
manner as it elects upon such indebtedness; provided, however, that such
application of sums so received shall not serve to waive or cure any default
existing under this Note nor to invalidate any notice of default or any act done
pursuant to such notice and shall not prejudice any rights of Lender; and

                           (ii)    exercise any or all rights provided or
permitted by law or granted pursuant to this Note in such order and in such
manner as Lender may, in its sole judgment, determine.

                  (c)      NO WAIVER OF REMEDIES. No waiver of any breach of or
default under any provision of this Note shall constitute or be construed as a
waiver by Lender of any subsequent breach of or default under that or any other
provision of this Note.

                  (d)      REMEDIES NOT EXCLUSIVE. No remedy herein conferred
upon Lender is intended to be exclusive of any other remedy herein or in any
other agreement between the parties hereto or by law provided or permitted, but
each shall be cumulative and shall be in addition to every other remedy given
hereunder or now or hereafter existing at law, in equity or by statute.

         6.       COVENANTS AND AGREEMENTS.

         Borrower hereby makes the following covenants, which shall be deemed to
be continuing covenants until payment in full of all indebtedness of Borrower to
Lender arising under this Note:

                  (a)       Borrower agrees to furnish to Lender, upon request,
such other information relating to the affairs, the operations and/or the
financial condition of Borrower as Lender may from time to time request.

                  (b)      Borrower shall promptly notify Lender in writing of
the occurrence of any act or event including, without limitation, the
commencement or threat of any action, suit, claim or proceeding against or
investigation of Borrower which could materially and adversely affect Borrower
or which could impair the validity, effectiveness or enforceability of, or
impair Borrower's ability to perform its obligations under, this Note, and of
the occurrence of any Event of Default or any event which with the giving of
notice, the lapse of time, or both, would become an Event of Default and the
action Borrower proposes to take with respect thereto.

                  (c)      Borrower shall, at any time and from time to time,
upon the written request of Lender, execute and deliver to Lender such further
documents and instruments and do such other acts and things as Lender may
reasonably request in order to effectuate fully the purpose and intent of this
Note.

         7.       REPRESENTATIONS AND WARRANTIES OF BORROWER.

<PAGE>

         Borrower hereby makes the following representations and warranties,
which shall be deemed to be continuing representations and warranties until
payment in full of all indebtedness of Borrower to Lender arising pursuant to
this Note.

                  (a)      NO CONFLICT. The execution, delivery and performance
of this Note are not in contravention of or in conflict with any agreement,
indenture or undertaking to which Borrower is a party or by which Borrower or
any of Borrower's assets or property may be bound or affected and do not cause
any security interest, lien or other encumbrance to be created or imposed upon
any such property by reason thereof.

                  (b)      NO DEFAULT.  There has occurred and is continuing no
Event of Default or any event which with the giving of notice or the lapse of
time, or both, would constitute an Event of Default.

                  (c)      LITIGATION. There is no action, suit or proceeding
pending or, to the best of Borrower's knowledge and belief, threatened against
or affecting Borrower which could impair the validity, effectiveness or
enforceability of, or impair Borrower's ability to perform its obligations under
this Note, whether said actions, suits or proceedings are at law or in equity or
before or by any governmental authority.

         8.       DEFAULT RATE.

         Any amounts not paid when due shall thereafter bear interest at a rate
per annum equal to the interest rate set forth in Section 1 above, plus two
percent (2%), not to exceed the maximum rate permitted by applicable law.

         9.       WAIVER.

         Borrower hereby waives any right of offset Borrower may now or
hereafter have against Lender, and Borrower hereby also waives diligence,
presentment, protest and demand, notice of protest, dishonor and nonpayment of
this Note and expressly agrees that, without in any way affecting the liability
of Borrower hereunder, Lender may extend any maturity date or the time for
payment of any installment due hereunder, accept additional security, release
any party liable hereunder and release any security now or hereafter securing
this Note. Borrower further waives, to the full extent permitted by law, the
right to plead any and all statutes of limitations as a defense to any demand on
this Note, or on any deed of trust, security agreement, lease assignment,
guaranty or other agreement now or hereafter securing this Note.

         10.      RIGHT OF SETOFF.

         Upon and after the occurrence of any Event of Default, Lender is hereby
authorized by Borrower, at any time and from time to time, without notice to
Borrower, to set off against, and to appropriate and apply to the payment of,
the obligations and liabilities of Borrower hereunder (whether matured or
unmatured), any accounts maintained with it by Borrower and/or any and all
amounts owing by Lender to Borrower (whether matured or unmatured, and however
evidenced).

<PAGE>

         11.      JURISDICTION.

         For any action related to the judicial enforcement or interpretation of
this Note, Borrower expressly submits to the nonexclusive jurisdiction of the
state or federal courts located in the County of Los Angeles in the State of
California at the election of Lender, which election may be made from time to
time. Borrower further irrevocably consents to the service of process out of any
of the aforementioned courts in any such action or proceeding by mailing of
copies thereof by registered or certified mail, postage prepaid, to Borrower at
Borrower's address for notice furnished to Lender, such service to become
effective five (5) days after such mailing. Nothing herein shall affect the
right to serve process in any other manner permitted by law or the right of
Lender to bring legal action or proceedings in any other jurisdiction.

         12.      WAIVER OF JURY TRIAL.

         BORROWER HEREBY AGREES TO WAIVE ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM
OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS NOTE, OR ANY DEALINGS
RELATING TO THE SUBJECT MATTER OF THIS NOTE OR THE SECURITY AGREEMENT (AS
DEFINED BELOW) AND THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED.
The scope of this waiver is intended to be all-encompassing of any and all
disputes that may be filed in any court and that relate to the subject matter of
this transaction, including without limitation, contract claims, tort claims,
breach of duty claims, and all other common law and statutory claims. Borrower
acknowledges that this waiver is a material inducement to Lender to make the
Loan and that Lender has already relied on this waiver in entering into this
transaction, and that Lender will continue to rely on this waiver in its related
future dealings. Borrower further warrants and represents that it has reviewed
this waiver with its legal counsel, and that it knowingly and voluntarily waives
its jury trial rights following consultation with legal counsel. THIS WAIVER IS
IRREVOCABLE, AND THE WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS,
SUPPLEMENTS OR MODIFICATIONS TO THIS NOTE, OR TO ANY OTHER DOCUMENTS OR
AGREEMENTS RELATING THERETO. IN THE EVENT OF LITIGATION, THIS NOTE MAY BE FILED
AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

         13.      SECURITY AGREEMENT.

         This Note is secured by, and entitled to the benefits of, that certain
Security Agreement dated as of the date hereof between Borrower and Lender (the
"Security Agreement").

         14.      LEGAL FEES.

         Borrower agrees to pay all costs and expenses, including without
limitation attorneys' fees actually incurred by Lender in connection with the
enforcement of any obligation of Borrower under this Note.

         15.      SEVERABILITY.

<PAGE>

         In case any term or any provision of this Note shall be invalid,
illegal or unenforceable, such provision shall be severable from the rest of
this Note and the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby.

         16.      HEADINGS.

         Headings used in this Note are inserted for convenience only and shall
not be deemed to constitute a part hereof.

         17.      GOVERNING LAW.

         This Note shall be governed by and construed in accordance with the
laws of the State of California.

                                                  Borrower:

                                                  EarthNetMedia, Inc.

                                                  By:  /s/ ALIE CHANG
                                                       ____________________
                                                       Its  CEO & President

                                                  By: /s/  FELIZIAN PAUL
                                                      _____________________
                                                           Its  ChairmanEXHIBIT 10.11

                               SECURITY AGREEMENT

         THIS SECURITY AGREEMENT, dated as of July 1, 2002, is made by
EarthNetMedia, Inc., a Nevada corporation ("Borrower") in favor of Alie Chang
and Felizian Paul, husband and wife (together, "Lender").

         WHEREAS, Borrower has received advances and loans and other extensions
of credit from time to time from Lender (including without limitation deferral
of salary obligations and rent), certain of which are evidenced by a promissory
note of even date herewith (as the same may be amended, modified, supplemented,
renewed or replaced from time to time, the "Note") and Borrower expects to
receive additional extensions of credit of similar natures from Lender in the
future; and

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Borrower hereby agrees as follows:

         1.       As security for the due and punctual payment of each sum now
or hereafter due whether at stated maturity, by acceleration or otherwise
(including the payment of amounts which would become due but for the operation
of an automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C.
ss.362(a)) from Borrower to Lender, and for the due and punctual performance of
each and every obligation now or hereafter existing of Borrower to Lender,
pursuant to the Note, other promissory notes, and otherwise, whether for
principal, premium, interest (including without limitation interest which, but
for the filing of a petition in bankruptcy with respect to Borrower, would
accrue on such obligations), payments for early termination, fees, expenses or
otherwise, direct or indirect (including participations or any interest of
Lender in obligations of Borrower to others), acquired outright, conditionally,
or as collateral security from another, absolute or contingent, joint or
several, secured or unsecured, due or not, contractual or tortious, liquidated
or unliquidated, arising by operation of law or otherwise, and all obligations
of Borrower under this Security Agreement (collectively, the "Obligations"),
Borrower hereby grants to Lender a continuing security interest in all of the
personal property of Borrower and any and all proceeds and products thereof (all
such property and proceeds being hereafter referred to as the "Collateral"),
whether now or hereafter existing, wherever located, and in which Borrower now
has or hereafter has any right, title or interest, including without limitation:

                  (a)  Equipment;

                  (b)  Inventory;

                  (c)  Accounts;

<PAGE>

                  (d)  Chattel Paper;

                  (e)  Instruments (including promissory notes);

                  (f)  General Intangibles, including without limitation all of
                       Borrower's intellectual property (including specifically
                       without limitation all television programming);

                  (g)  Investment Property;

                  (h)  Documents;

                  (i)  Deposit Accounts;

                  (j)  Letter of Credit Rights;

                  (k)  Supporting Obligations; and

                  (l)  To the extent not included in Subsections 1(a) through
                       1(k) above, all products and proceeds of the foregoing.

Any capitalized term herein that is defined in the California Uniform Commercial
Code ("CUCC") and not defined in this Security Agreement shall have the meaning
given to it in the CUCC (as may be amended from time to time). Borrower hereby
authorizes Lender to file one or more financing statements describing the
Collateral.

         2.       Anything herein to the contrary notwithstanding:

                  (a) Borrower shall remain liable under the contracts and
         agreements included in the Collateral to the extent set forth therein
         to perform all of its duties and obligations thereunder to the same
         extent as if this Security Agreement had not been executed;

                  (b) The exercise by Lender of any of the rights hereunder
         shall not release Borrower from any of its duties or obligations under
         the contracts and agreements included in the Collateral; and

                  (c) Lender shall not have any obligation or liability under
         the contracts and agreements included in the Collateral by reason of
         this Security Agreement, nor shall Lender be obligated to perform any
         of the obligations or duties of Borrower thereunder or to take any
         action to collect or enforce any claim for payment assigned hereunder.

         3.       Borrower represents and warrants that:

                  (a) The execution and delivery of this Security Agreement has
         been duly authorized by all necessary corporate action by Borrower.

                  (b) Borrower has rights in or the power to transfer the
         Collateral and its title to of the Collateral is free and clear of any
         lien, security interest, charge or encumbrance except for the security
         interest created by this Security Agreement. No effective financing
         statement or

<PAGE>

         other instrument similar in effect covering all or any part of the
         Collateral is on file in any recording office, except (i) such as may
         have been filed in favor of Lender relating to this Security Agreement
         or (ii) for which duly executed termination statements have been
         delivered to Lender, or (iii) such as have been disclosed in writing to
         Lender and may have been filed for information purposes only by persons
         leasing property to Borrower;

                  (c) The pledge and charge of and grant of a security interest
         in the Collateral pursuant to this Security Agreement together with the
         steps taken pursuant to this Security Agreement for perfection (that
         is, the filing of a financing statement with the Nevada Secretary of
         State, entering into control agreements with organizations at which
         Borrower maintains deposit accounts, acknowledgment from third parties
         holding Collateral that they are doing so for the benefit of Lender,
         and continued possession by Lender of the money, negotiable documents
         and other property for which possession is required under the CUCC to
         perfect a security interest) creates or, with respect to after-acquired
         property, will create when Borrower has rights in such property, a
         valid and perfected first priority security interest in the Collateral,
         securing the payment of the Obligations, to the extent a security
         interest in such Collateral may be perfected by filing of a financing
         statement with the Nevada Secretary of State, by control agreements as
         to deposit accounts, by written acknowledgement by third party bailees
         and custodians, or by Lender's possession thereof, respectively;

                  (d) The chief place of business of Borrower and the books and
         records relating to the Collateral are located at the address set forth
         below;

                      222 Amalfi Drive, Santa Monica, California 90402-1126

                  (e) Except as set forth in paragraph (c) of this Section, no
         authorization, approval or other action by, and no notice to or filing
         with, any governmental authority or regulatory body or any other person
         is required either (i) for the grant by Borrower of the security
         interest granted hereby or for the execution, delivery or performance
         of this Security Agreement by Borrower or (ii) for the perfection of
         such security interest or the exercise by Lender of its rights and
         remedies provided for in this Security Agreement (except as may be
         required in connection with such granting or perfection by laws
         affecting the offering and sale of securities generally or by laws
         affecting the transferring of certificates of title for motor vehicles
         or by the Uniform Commercial Code with respect to the exercise of sale
         and other rights and remedies granted under this Security Agreement);

                  (f) All accounts are and will, at all times pertinent hereto,
         be bona fide existing obligations created by sale and delivery of
         merchandise or rendition of services to customers in the ordinary
         course of business, free of liens and security interests and
         unconditionally owed to Borrower without defenses, disputes, offsets,
         counterclaims, rights of return or cancellation, and Borrower has no
         knowledge of any fact, including without limitation any imminent or
         threatened bankruptcy, insolvency, or financial embarrassment of any
         account debtor, which would impair the validity or collectibility of
         any of the accounts or of the instruments connected with such accounts,
         and each obligor liable upon the accounts or upon the instruments
         connected with such accounts has and will have capacity to contract;

<PAGE>

                  (g) Borrower's true and complete legal name is set forth in
         the first paragraph of this Security Agreement, and Borrower has not
         had or used any other name within the past five years, except as
         indicated below:

                                      None

                  (h) Borrower is presently organized and existing under the
         laws of Nevada.

                  (i) Each representation and warranty set forth in the Note as
         to Borrower is true and correct in all material respects, and such
         representations and warranties are hereby incorporated herein by this
         reference with the same effect as though set forth in their entirety
         herein.

         4.       Until Lender exercises its right to collect proceeds and
amounts in respect of the Collateral pursuant to this Security Agreement,
Borrower will collect with diligence and at its own expense any and all proceeds
and amounts in respect of the Collateral. Upon the occurrence and continuance of
an Event of Default (as defined below), upon written request by Lender, any such
collections made by Borrower shall be held in trust for Lender, and Borrower
shall keep all such collections separate and apart from all other funds and
property so as to be capable of identification as the property of Lender and
shall deliver such collections at such time as Lender may request to Lender in
the identical form received, properly endorsed or assigned when required to
enable Lender to complete collection thereof.

         5.       Borrower shall:

                  (a) permit representatives of Lender to inspect the Collateral
         and Borrower's books and records relating to the Collateral and make
         extracts therefrom, during Borrower's regular business hours, and to
         arrange for verification of the amount of Collateral, under procedures
         acceptable to Lender, directly with Borrower's debtors or otherwise at
         Borrower's expense;

                  (b) promptly notify Lender of any attachment or other legal
         process levied against any of the Collateral and any information
         received by Borrower relative to the Collateral, Borrower's debtors or
         other persons obligated in connection therewith, which may in any way
         affect the value of the Collateral or the rights and remedies of Lender
         in respect thereto;

                  (c) promptly notify Lender of any change in the state of
         incorporation or organization, as the case may be, of Borrower;

                  (d) promptly notify Lender of each bank or other account into
         which proceeds or revenues of the Collateral are or will be deposited;

                  (e) reimburse Lender upon demand for any and all costs,
         including without limitation reasonable attorneys' and accountants'
         fees, and other expenses incurred in collecting any sums payable by
         Borrower under any obligation secured hereby, enforcing or defending
         any term or provision of this Security Agreement or otherwise or in the
         checking, custody,

<PAGE>

         preservation, use, handling and collection of the Collateral (from any
         person whomsoever) and the negotiation, preparation, enforcement, and
         defense of any agreement relating thereto;

                  (f) promptly notify Lender of each location at which the
         Collateral is or will be kept, other than for temporary processing,
         repair, storage or similar purposes, and of any removal thereof to a
         new location, including without limitation each office of Borrower at
         which records relating to the Collateral are kept;

                  (g) provide, maintain and deliver to Lender policies of
         insurance insuring the Collateral in the name of and with loss or
         damage payable to Lender, as its interest may appear, against loss or
         damage by fire and other hazards including but not limited to extended
         coverage, theft, burglary, bodily injury and such other risks, with
         such companies and in such amounts, as is required by Lender at any
         time (all such policies providing 30 days minimum written notice of
         cancellation to Lender) and Borrower will deliver to Lender the
         original or duplicate policies, or certificates or other evidence
         satisfactory to Lender of compliance with the foregoing insurance
         provisions, and Borrower will promptly notify Lender of any loss or
         damage to any of the Collateral or arising from its use, and, in the
         event Lender takes possession of the Collateral, the insurance policy
         or policies and any unearned or returned premium thereon shall at the
         option of Lender become the sole property of Lender;

                  (h) do all acts necessary to maintain, preserve and protect
         all Collateral, keep all Collateral in good condition and repair and
         prevent any waste or unusual or unreasonable depreciation thereof;

                  (i) after an Event of Default shall occur and be continuing,
         segregate the proceeds of the Collateral received by Borrower from
         other property of Borrower, and hold the same in trust as the exclusive
         property of Lender, and immediately deliver to Lender the identical
         checks, monies, or other proceeds of Collateral received, duly endorsed
         in blank where appropriate to effectuate the provisions hereof, the
         same to be held by Lender as additional Collateral hereunder or, at
         Lender's option, to be applied to payment of any of the Obligations,
         whether or not due and in any order;

                  (j) acknowledge and agree that Lender, at its option, may
         apply any insurance monies received at any time to the cost of repairs
         to or replacements for the Collateral and/or to payment of any of the
         Obligations, whether or not due, in any order Lender may determine, any
         surplus (after payment of all costs, reasonable attorney's fees and
         disbursements) to be remitted to Borrower, who shall remain liable for
         any deficiency;

                  (k) make, and continue to make, payment or deposit or
         otherwise provide for the payment, when due, of all taxes, assessments
         or contributions required by law which have been or may be levied or
         assessed against Borrower, whether with respect to any of the
         Collateral, to any wages or salaries paid by Borrower, or otherwise,
         and will deliver to Lender, on demand, certificates or other evidence
         satisfactory to Lender attesting thereto;

                  (l) shall join with Lender at its request from time to time in
         executing financing statements, control agreements, acknowledgments of
         bailees and of custodians,

<PAGE>

         amendments thereto and continuation statements, and pay the cost of the
         filing of the same whenever Lender deems desirable, and execute and
         deliver to Lender further documents and instruments and do such other
         acts and things as Lender may reasonably request in order to effectuate
         fully the purpose and intent of this Security Agreement; and

                  (m) shall cooperate with Lender in obtaining control (as that
         term is used in the CUCC) with respect to Collateral consisting of
         Deposit Accounts, Investment Property, Letter of Credit Rights and
         Electronic Chattel Paper.

         6.       Except as otherwise permitted by the Note, Borrower shall not:

                  (a) Sell, assign (by operation of law or otherwise) or
         otherwise dispose of, lease, license, or grant any option with respect
         to, any of the Collateral, except that prior to the exercise of rights
         by Lender during the continuance of an Event of Default hereunder,
         Borrower may sell Collateral consisting of furniture, furnishings,
         inventory and obsolete equipment in the ordinary course of its business
         and in accordance with its past practices and may license to any person
         in the ordinary course of business the right to use any television
         programming, trademark, patent or copyright owned by Borrower and
         Borrower may dispose of cash proceeds in the ordinary course of its
         business; nor

                  (b) Create or suffer to exist any lien, security interest or
         other charge or encumbrance upon or with respect to any of the
         Collateral to secure debt or other obligations of any person or entity,
         except for security interests in favor of Lender, nor

                  (c) Permit any of the Collateral to become a part of or
         affixed to real property without prior written notice to Lender and
         without first making all arrangements, and delivering, or causing to be
         delivered, to Lender all instruments and documents, including without
         limitation waivers and subordination agreements by any landlords or
         mortgagees, requested by and satisfactory to Lender to preserve and
         protect the first priority security interest granted herein against all
         persons; nor

                  (d) Create any chattel paper without placing a legend thereon
         acceptable to Lender indicating that Lender has a security interest in
         the Chattel Paper.

         7.       Lender may at any time, without prior notice to Borrower,
collect proceeds and amounts in respect of the Collateral and may, in its sole
discretion and at any time, demand, sue for, collect or receive any money or
property at any time payable or receivable on account of or in exchange for, or
make any compromise or settlement deemed desirable by Lender with respect to,
any of the Collateral, and/or extend the time of payment, arrange for payment in
installments, or otherwise modify the terms of, or release, any of the
Collateral or the Obligations, all without notice to or consent by Borrower and
without otherwise discharging or affecting the Obligations, the Collateral or
the security interest granted herein. To effectuate the terms and provisions
hereof, Borrower hereby designates and appoints Lender and its designees or
agents as attorney-in-fact of Borrower, irrevocably and with power of
substitution, with authority to endorse the name of Borrower on any notes,
acceptances, checks, drafts, money orders, instruments or other evidences of
payment or proceeds of the Collateral that may come into Lender's possession; to

<PAGE>

sign the name of Borrower on any documents or drafts against and notices to
debtors or obligors of Borrower, assignments and requests for verification of
claims; to execute proofs of claim and loss; to execute any endorsements,
assignments, or other instruments of conveyance or transfer; to adjust and
compromise any claims under insurance policies; to execute releases; and to do
all other acts and things necessary and advisable in the sole discretion of
Lender to carry out and enforce this Security Agreement. All acts of said
attorney or designee are hereby ratified and approved, and said attorney or
designee shall not be liable for any acts of commission or omission, nor for any
error of judgment or mistake of fact or law. This power of attorney, being
coupled with an interest, is irrevocable while any of the Obligations shall
remain unpaid.

         8.       (a) Any of the following events shall constitute a default
         (each an "Event of Default") under this Security Agreement:

                      (i)      an Event of Default under the Note; or

                      (ii)     failure of Borrower to perform any of Borrower's
                  obligations under this Security Agreement;

                      (iii) Lender shall at any time receive a state UCC filing
                  office report indicating that Lender's security interest here-
                  under is not prior to all other security interests or other
                  interests reflected in that report; or

                      (iv) in the event of loss, theft, substantial damage to or
                  destruction of any of the Collateral, or the making or filing
                  of any lien, levy, or execution on, or seizure, attachment of
                  or garnishment of, any of the Collateral.

                  (b) Upon default by Borrower under this Security Agreement,
         Lender at its option and without notice to Borrower may do any one or
         more of the following:

                      (i) immediately or from time to time take possession of
                  any or all of the Collateral, wherever it may be found, using
                  all reasonable force so to do, or from time to time require
                  Borrower, at Borrower's expense, to assemble any or all of the
                  Collateral, and make it available to Lender at a place
                  designated by Lender which is reasonably convenient to
                  Borrower and Lender; provided, however, that Borrower hereby
                  waives all claims for damages due to, arising from or
                  connected with any such taking;

                      (ii) from time to time proceed in the foreclosure of
                  Lender's security interest in any or all of the Collateral in
                  any manner permitted by law or provided for herein;

                      (iii) sell, lease or otherwise dispose of any or all of
                  the Collateral at public or private sale, with or without
                  having any or all of the Collateral at the place of sale, upon
                  terms and in such manner as Lender may determine, and Lender
                  may purchase any or all of the Collateral sold at any such
                  sale and Lender may specifically disclaim any warranty of
                  title or the like at its sole option;

                      (iv)  retain all or any of the Collateral in full
                  satisfaction of the Obligations;

<PAGE>

                      (v) appropriate, set off and apply to the payment of any
                  or all of the Obligations, any or all Collateral in or coming
                  into the possession of Lender or its agents and belonging or
                  owing to Borrower, without notice to Borrower, and in such
                  manner as Lender may in its discretion determine;

                      (vi) receive, take, endorse, assign, deliver, accept and
                  deposit, in its or Borrower's name, any or all checks, notes,
                  drafts, remittances and other instruments and documents
                  relating to the Collateral;

                      (vii) receive, open and dispose of all mail addressed to
                  Borrower and notify postal authorities to change the address
                  for delivery to such address as Lender may designate;

                      (viii) transmit to account debtors notice of Lender's
                  interest therein and to request from such account debtors at
                  any time, in Lender's or Borrower's name or that of Lender's
                  designee, information concerning the accounts and the amounts
                  owing thereon;

                      (ix)  notify account debtors to make payment directly to
                  Lender;

                      (x)  take or bring, in Lender's or Borrower's name, all
                  steps, actions, suits or proceedings deemed by Lender
                  necessary or desirable to effect collection of the Collateral;

                      (xi)  execute in Borrower's name and on Borrower's behalf
                  any UCC financing statements or amendments thereto;

                      (xii) settle, compromise or release, in whole or in part,
                  any amounts owing on the Collateral, prosecute any action,
                  suit or proceeding with respect to the Collateral, extend the
                  time of payment of any and all Collateral, make allowances and
                  adjustments with respect thereto, issue credits in Lender's or
                  Borrower's name;

                      (xiii) exercise any or all other rights or remedies
                  available to Lender in accordance with the Uniform Commercial
                  Code as from time to time in effect in the state in which the
                  Collateral is located; and

                  (xiv) exercise any or all rights of Lender pursuant to this
                  Security Agreement, the Note, or now or hereafter existing at
                  law, in equity or by statute in such order, at such times and
                  in such manner as Lender, may, in its sole and exclusive
                  judgment, determine.

After five (5) days' prior written notice to Borrower and before any such
disposition, Lender at its option may cause any or all of the Collateral to be
repaired or reconditioned in such manner and to such extent as Lender may deem
advisable, and any sums expended therefor by Lender shall be repaid by Borrower
and secured by this Security Agreement. Lender shall have no obligation,
however, to clean-up or otherwise condition the Collateral for sale. If a
sufficient sum is not realized from any such disposition of Collateral to pay
all obligations secured hereby, Borrower hereby promises and agrees to pay
Lender any deficiency upon demand. Lender has no obligation to attempt to
satisfy the Obligations by collecting them from any other person

<PAGE>

liable for them, and Lender may release, modify, or waive any Collateral
provided by any other person to secure the Obligations, all without affecting
Lender's rights against Borrower. Borrower waives any right it may have to
require Lender to pursue any third person for any of the Obligations. If any of
the Collateral is sold by Lender for future delivery, Lender shall not be liable
for the failure of the purchaser to pay for same and in such event Lender may
resell such Collateral. If Lender sells any of the Collateral on credit,
Borrower will be credited only with payment actually made by the purchaser,
received by Lender, and applied to the indebtedness of the purchaser. If the
purchaser fails to pay for the Collateral, Lender may resell the Collateral, and
Borrower shall be credited with the proceeds of the re-sale. Lender may buy any
part or all of the Collateral at any public sale (free from any right of
redemption, which is expressly waived), and if any part or all of the Collateral
is of a type customarily sold in a recognized market or is of the type which is
the subject of widely distributed standard price quotations, Lender may buy at
private sale and may make payment therefor by any means.

         9.       Any cash held by Lender as Collateral after and during the
continuance of an Event of Default, and any cash held by Lender as Collateral
and all cash proceeds received by Lender (all such cash being "Proceeds") in
respect of any sale of, collection from, or other realization upon all or any
part of the Collateral, shall be applied promptly from time to time by Lender:

         FIRST, to the payment of the costs and expenses of such sale,
         collection or other realization, including reasonable compensation to
         Lender and its agents and counsel, and all expenses, liabilities and
         advances made or incurred by Lender in connection therewith;

         SECOND, to the payment of the Obligations; and

         THIRD, after payment in full of all Obligations, to Borrower or its
         successors or assigns, or to whomsoever may be lawfully entitled to
         receive the same or as a court of competent jurisdiction may direct, of
         any surplus then remaining from such Proceeds.

         10.      No waiver of any breach of or default under any provision of
this Security Agreement shall constitute or be construed as a waiver by Lender
of any subsequent breach of or default under that or any other provision of this
Security Agreement.

         11.      No remedy herein conferred upon Lender is intended to be
exclusive of any other remedy herein or in any other agreement between the
parties hereto or by law provided or permitted, but each shall be cumulative and
shall be in addition to every other remedy given hereunder or now or hereafter
existing at law, in equity or by statute.

         12.      Lender shall not be deemed to assume any responsibility for,
or obligation or duty with respect to, any part or all of the Collateral, of any
nature or kind, or any matter or proceedings arising out of or relating thereto,
including without limitation any obligation or duty to take any action to
collect, preserve or protect its or Borrower's rights in the Collateral or
against any prior parties thereto, but the same shall be at Borrower's sole risk
at all times. Borrower hereby releases Lender from any claims, causes of action
and demands at any time

<PAGE>

arising out of or with respect to this Security Agreement, the Obligations, the
use of the Collateral and/or any actions taken or omitted to be taken by Lender
with respect thereto, and Borrower hereby agrees to hold Lender harmless from
and with respect to any and all such claims, causes of action and demands.
Lender shall in no way or manner be liable or responsible for any act of default
of any carrier, warehouseman, bailee, forwarding agency, or any other person
whosoever. All risk or loss, damage or destruction of the Collateral shall be
borne by Borrower.

         13.      Borrower hereby waives presentment, notice of dishonor and
protest of all instruments included in or evidencing any of the Obligations or
the Collateral, and any and all other notices and demands whatsoever (except as
expressly provided herein).

         14.      If Borrower fails to make any payment or do any act required
by this Security Agreement, then Lender without notice to or demand on Borrower
may, but is not obliged to, make any payments and do any acts that Lender may
consider necessary to protect Lender's security interest in the Collateral, and
Borrower hereby authorizes Lender to take possession of any or all of the
Collateral and to pay, purchase, contest and compromise any encumbrance, charge
or lien that in the judgment of Lender is or may be prior or superior to
Lender's security interest.

         15.      All judicial proceedings brought against Borrower with respect
to this Security Agreement may be brought in any state or federal court of
competent jurisdiction in Los Angeles County in the State of California, and, by
execution and delivery of this Security Agreement, Borrower accepts for itself
and in connection with its properties, generally and unconditionally, the
nonexclusive jurisdiction of the aforesaid courts, and irrevocably agrees to be
bound by any judgment rendered thereby in connection with this Security
Agreement. Borrower irrevocably waives any right it may have to assert the
doctrine of FORUM NON CONVENIENS or to object to venue to the extent any
proceeding is brought in accordance with this Section. Borrower hereby agrees
that service upon it by mail at the address set forth in this Security Agreement
shall constitute sufficient notice. Nothing herein shall affect the right to
serve process in any other manner permitted by law or shall limit the right of
Lender to bring proceedings against Borrower in courts of any jurisdiction.

         16.      BORROWER AND LENDER HEREBY AGREE TO WAIVE THEIR RIGHTS TO A
JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS
SECURITY AGREEMENT, ANY OBLIGATION OR ANY DEALINGS BETWEEN THEM RELATING TO THE
SUBJECT MATTER OF THE EXTENSIONS OF CREDIT EVIDENCED BY THE NOTE AND THE
LENDER/BORROWER RELATIONSHIP BETWEEN BORROWER AND LENDER. The scope of this
waiver is intended to be all-encompassing of any and all disputes that may be
filed in any court and that relate to the subject matter of this transaction,
including without limitation contract claims, tort claims, breach of duty claims
and all other common law and statutory claims. Borrower and Lender each
acknowledge that this waiver is a material inducement to enter into a business
relationship, that each has already relied on the waiver in entering into this
Security Agreement and that each will continue to rely on the waiver in their
related future dealings. Borrower and Lender further warrant and represent that
each has reviewed this waiver with its legal counsel, and that each

<PAGE>

knowingly and voluntarily waives its jury trial rights following consultation
with legal counsel. THIS WAIVER IS IRREVOCABLE, AND THE WAIVER SHALL APPLY TO
ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS
SECURITY AGREEMENT, OR TO THE NOTE. In the event of litigation, this Security
Agreement may be filed as a written consent to a trial by the court.

         17.      Without limiting any other provision of this Security
Agreement, Borrower hereby authorizes Lender to execute in Borrower's name
and/or to file and/or deliver on behalf of Borrower any documents, instruments
and forms, and take any actions necessary or appropriate to perfect Lender's
security interest granted hereunder and to continue such perfection in effect so
long as this Security Agreement remains in effect, including without limitation
the filing of financing statements, notices of this Security Agreement
(including without limitation filings with the United States Patent and
Trademark Office and the United States Copyright Office that Lender may deem
necessary or appropriate) and continuation statements and amendments and notices
to custodians and bailees.

         18.      In case any provision of this Security Agreement shall be
invalid, illegal or unenforceable, such provision shall be severable from the
rest of this Security Agreement, and the validity, legality and enforceability
of the remaining provisions shall not in any way be affected or impaired
thereby.

         19.      This Security Agreement cannot be changed, modified or
supplemented except in a writing signed by the party against whom enforcement of
such change, modification or supplement is sought.

         20.      This Security Agreement and all Obligations shall be binding
upon the successors or assigns of Borrower, shall bind all persons who become
bound as a debtor under this Security Agreement, and shall, together with the
rights and remedies of Lender hereunder, inure to the benefit of Lender, its
successors, endorsees and assigns.

         21.      THIS SECURITY AGREEMENT IS AND SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, EXCEPT TO THE
EXTENT THAT THE VALIDITY OR PERFECTION OF THE SECURITY INTERESTS HEREUNDER OR
REMEDIES HEREUNDER, IN RESPECT OF ANY PARTICULAR COLLATERAL ARE GOVERNED BY THE
LAWS OF A JURISDICTION OTHER THAN THE STATE OF CALIFORNIA. Unless otherwise
defined herein, terms used in Division 9 of the Uniform Commercial Code of
California are used herein as therein defined.

IN WITNESS WHEREOF, Borrower has executed this Security Agreement as of the date
first set forth above.

                                       EarthNetMedia, Inc., a Nevada corporation

                                       By: /s/ ALIE CHANG

                                       Its: CEO & President

                                       By: /s/ FELIZIAN PAUL

                                       Its: Chairman

<PAGE>

                                    EXHIBIT A

                            UCC-1 FINANCING STATEMENT

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