Document:

REGISTRATION
      RIGHTS AGREEMENT

     

    This
      Registration Rights Agreement (this “Agreement”) is made and entered into as of
      August 17, 2007, by and between ProLink Holdings Corp., a Delaware corporation
      (the “Company”), and Calliope Capital Corporation (the
“Purchaser”).

     

    This
      Agreement is made pursuant to the Security Agreement, dated as of the date
      hereof, by and among the Purchaser, the Company and various subsidiaries of
      the
      Company (as amended, modified or supplemented from time to time, the “Security
      Agreement”), and pursuant to the Note and Warrants referred to
      therein.

     

    The
      Company and the Purchaser hereby agree as follows:

     

    1.
      Definitions.
      Capitalized terms used and not otherwise defined herein that are defined in
      the
      Security Agreement shall have the meanings given such terms in the Security
      Agreement. As used in this Agreement, the following terms shall have the
      following meanings:

     

    “Commission”
      means
      the Securities and Exchange Commission.

     

    “Common
      Stock”
      means
      shares of the Company’s common stock, par value $0.0001 per share.

     

    “Effectiveness
      Date”
      means,
      (i) with respect to the initial Registration Statement required to be filed
      in
      connection with the shares of Common Stock issuable upon conversion of the
      Note
      and exercise of the Warrants issued on the date hereof, a date no later than
      three hundred (300) days following the date hereof and (ii) with respect to
      each
      additional Registration Statement required to be filed hereunder (if any),
      a
      date no later than thirty (30) days following the applicable Filing
      Date.

     

    “Effectiveness
      Period”
      has the
      meaning set forth in Section 2(a).

     

    “Exchange
      Act”
      means
      the Securities Exchange Act of 1934, as amended, and any successor
      statute.

     

    “Filing
      Date”
      means,
      with respect to (1) the Registration Statement required to be filed in
      connection with the shares of Common Stock issuable to the Holder upon
      conversion of the Note and upon exercise of a Warrant, the date which is ninety
      (90) days after the issuance of such Note and Warrants, and (2) the Registration
      Statement required to be filed in connection with the shares of Common Stock
      issuable to the Holder as a result of adjustments to the Conversion Price made
      pursuant to Section 3.5 of the Note or to the Exercise Price made pursuant
      to
      Section 4 of the Warrant or otherwise, thirty (30) days after the occurrence
      of
      such event or the date of the adjustment of the Exercise Price.

     

    “Holder”
      or
“Holders”
      means
      the Purchaser or any of its affiliates or transferees to the extent any of
      them
      hold Registrable Securities, other then those purchasing Registrable Securities
      in a market transaction.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Indemnified
      Party”
      has the
      meaning set forth in Section 5(c).

     

    “Indemnifying
      Party”
      has the
      meaning set forth in Section 5(c).

     

    “Note”
      has the
      meaning given to the term “Secured Convertible Term Note” in the Security
      Agreement.

     

    “Proceeding”
      means an
      action, claim, suit, investigation or proceeding (including, without limitation,
      an investigation or partial proceeding, such as a deposition), whether commenced
      or threatened.

     

    “Prospectus”
      means
      the prospectus included in a Registration Statement (including, without
      limitation, a prospectus that includes any information previously omitted from
      a
      prospectus filed as part of an effective registration statement in reliance
      upon
      Rule 430A promulgated under the Securities Act), as amended or supplemented
      by
      any prospectus supplement, with respect to the terms of the offering of any
      portion of the Registrable Securities covered by such Registration Statement,
      and all other amendments and supplements to the Prospectus, including
      post-effective amendments, and all material incorporated by reference or deemed
      to be incorporated by reference in such Prospectus.

     

    “Registrable
      Securities”
      means
      the shares of Common Stock issuable upon conversion of the Note and exercise
      of
      the Warrants.

     

    “Registration
      Statement”
      means
      each registration statement required to be filed hereunder, including the
      Prospectus therein, amendments and supplements to such registration statement
      or
      Prospectus, including pre- and post-effective amendments, all exhibits thereto,
      and all material incorporated by reference or deemed to be incorporated by
      reference in such registration statement.

     

    “Rule
      144”
      means
      Rule 144 promulgated by the Commission pursuant to the Securities Act, as such
      Rule may be amended from time to time, or any similar rule or regulation
      hereafter adopted by the Commission having substantially the same effect as
      such
      Rule.

     

    “Rule
      415”
      means
      Rule 415 promulgated by the Commission pursuant to the Securities Act, as such
      Rule may be amended from time to time, or any similar rule or regulation
      hereafter adopted by the Commission having substantially the same effect as
      such
      Rule.

     

    “Securities
      Act”
      means
      the Securities Act of 1933, as amended, and any successor statute.

     

    “Security
      Agreement”
      has the
      meaning given to such term in the Preamble hereto.

     

    “Trading
      Market”
      means
      any of the NASD Over The Counter Bulletin Board, NASDAQ Capital Market, the
      NASDAQ National Markets System, the American Stock Exchange or the New York
      Stock Exchange

     

    “Warrants”
      means
      the Common Stock purchase warrants issued in connection with the Security
      Agreement, whether on the date thereof or thereafter.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    2.
      Registration.

     

    (a)
      On
      or
      prior to each Filing Date, the Company shall prepare and file with the
      Commission a Registration Statement covering the Registrable Securities for
      a
      selling stockholder resale offering to be made on a continuous basis pursuant
      to
      Rule 415. Each Registration Statement shall be on Form S-3 (except if the
      Company is not then eligible to register for resale the Registrable Securities
      on Form S-3, in which case such registration shall be on another appropriate
      form in accordance herewith). The Company shall cause each Registration
      Statement to become effective and remain effective as provided herein. The
      Company shall use commercially reasonable efforts to cause each Registration
      Statement to be declared effective under the Securities Act as promptly as
      possible after the filing thereof, but in any event no later than the
      Effectiveness Date. The Company shall use its reasonable commercial efforts
      to
      keep each Registration Statement continuously effective under the Securities
      Act
      until the date which is the earlier date of when (i) all Registrable Securities
      covered by such Registration Statement have been sold or (ii) all Registrable
      Securities covered by such Registration Statement may be sold immediately
      without registration under the Securities Act and without volume restrictions
      pursuant to Rule 144(k), as determined by the counsel to the Company pursuant
      to
      a written opinion letter to such effect, addressed and acceptable to the
      Company’s transfer agent and the affected Holders (each, an “Effectiveness
      Period”).

     

    (b)
      If
      for
      any reason the Commission does not permit all of the Registrable Securities
      to
      be included in a Registration Statement filed pursuant to this Agreement, then
      the Company shall prepare and file as soon as possible after the date on which
      the Commission shall indicate as being the first date or time that such filling
      may be made, but, in the event that the Commission does not so specify, no
      later
      than 180 days after the immediately prior Registration Statement has been
      declared effective by the Commission (it being understood that this Section
      2(b)
      is applicable to any such subsequent Registration Statement), an additional
      Registration Statement covering the resale of all Registrable Securities not
      already covered by an existing and effective Registration Statement for an
      offering to be made on a continuous basis pursuant to Rule 415. The Company
      shall cause each such Registration Statement to be declared effective under
      the
      Securities Act as soon as possible but, in any event, no later than its
      Effectiveness Date, and shall use its reasonable commercial efforts to keep
      such
      Registration Statement continuously effective under the Securities Act during
      the entire Effectiveness Period.

     

    (c)
      If
      at any
      time during the Effectiveness Period, less than 100% of the then Registrable
      Securities are then registered in a Registration Statement(s), then the Company
      shall file, as soon as reasonably practicable, but in any case prior to the
      applicable Filing Date, subject to any restrictions imposed by Rule 415, an
      additional Registration Statement covering the resale by the Holders of not
      less
      than 100% of the number of Registrable Securities.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (d)
      If:
      (i)
      the Registration Statement is not filed on or prior to the Filing Date; (ii)
      the
      Registration Statement is not declared effective by the Commission by the
      Effectiveness Date; (iii) after the Registration Statement is filed with and
      declared effective by the Commission, the Registration Statement ceases to
      be
      effective (by suspension or otherwise) as to any Registrable Securities to
      which
      it is required to relate at any time prior to the expiration of the
      Effectiveness Period (without being succeeded immediately by an additional
      registration statement filed and declared effective) for a period of time which
      shall exceed 30 Trading Days in the aggregate per year or more than 20
      consecutive Trading Days (defined as a period of 365 days commencing on the
      date
      the Registration Statement is declared effective); or (iv) the Common Stock
      is
      not listed or quoted, or is suspended from trading on any Trading Market for
      a
      period of three (3) consecutive Trading Days (provided the Company shall not
      have been able to cure such trading suspension within 30 days of the notice
      thereof or list the Common Stock on another Trading Market); (any such failure
      or breach being referred to as an “Event,” and for purposes of clause (i) or
      (ii) the date on which such Event occurs, or for purposes of clause (iii) the
      date which such 30 day or 20 consecutive day period (as the case may be) is
      exceeded, or for purposes of clause (iv) the date on which such three (3)
      Trading Day period is exceeded, being referred to as “Event Date”), then until
      the applicable Event is cured, the Company shall pay to each Holder an amount
      in
      cash, as liquidated damages and not as a penalty, equal to 1.0% for each thirty
      (30) day period (prorated for partial periods) on a daily basis of the original
      principal amount of the Note; provided that, the maximum aggregate amount of
      liquidated damages that may be charged to the Company pursuant to this Section
      2(b) shall not exceed 10% of the initial Principal Amount of the Note. While
      such Event continues, such liquidated damages shall be paid not less often
      than
      each thirty (30) days. Any unpaid liquidated damages as of the date when an
      Event has been cured by the Company shall be paid within three (3) days
      following the date on which such Event has been cured by the
      Company.

     

    (e)
      Notwithstanding
      anything to the contrary contained in this Agreement, in the event the
      Commission determines any Registration Statement filed pursuant to this
      Agreement (i) constitutes a primary offering of securities by the Company or
      (ii) requires any Holder to be named as an underwriter and such Holder does
      not
      consent to being so named as an underwriter in such Registration Statement,
      the
      Company may reduce, on a pro rata basis, the total number of Registrable
      Securities to be registered on behalf of each such Holder, and the failure
      to
      include such Registratble Securities in any Registration Statement shall not
      cause the Company to be required to pay a penalty, financial or otherwise,
      as
      described in this Agreement, including, without limitation, any liquidated
      damages as set forth in Section 2(d) hereof. In the even of any such reduction
      in Registrable Securities, the Company shall file a Registration Statement
      at
      such time as the Commission shall indicate as being the first date or time
      that
      such filing may be made, but no later than 180 days after the immediately prior
      Registration Statement has been declared effective by the Commission, until
      such
      time as (i) all Registrable Securities have been registered pursuant to an
      effective Registration Statement, (ii) the Registrable Securities may be resold
      without restriction (including volume limitations) pursuant to Rule 144(k)
      of
      the Securities Act or (iii) the Holder agrees to be named as an underwriter
      in
      any such Registration Statement.

     

    (f)
      Within
      three business days of the Effectiveness Date, the Company shall cause its
      counsel to issue an opinion substantially in the form attached hereto as Exhibit
      A, to the transfer agent stating that the shares are subject to an effective
      registration statement and can be reissued free of restrictive legend upon
      notice of a sale by the Purchaser and confirmation by the Purchaser that it
      has
      complied with the prospectus delivery requirements, provided that the Company
      has not advised the transfer agent orally or in writing that the opinion has
      been withdrawn. Copies of the opinion required by this Section 2(c) shall be
      delivered to the Purchaser within the time frame set forth above.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    3.
      Registration
      Procedures.
      If and
      whenever the Company is required by the provisions hereof to effect the
      registration of any Registrable Securities under the Securities Act, the Company
      will, as expeditiously as possible:

     

    (a)
      prepare
      and file with the Commission a Registration Statement with respect to such
      Registrable Securities, respond as promptly as possible to any comments received
      from the Commission, and use commercially reasonable efforts to cause such
      Registration Statement to become and remain effective for the Effectiveness
      Period with respect thereto, and promptly provide to the Purchaser copies of
      all
      filings and Commission letters of comment relating thereto;

     

    (b)
      prepare
      and file with the Commission such amendments and supplements to such
      Registration Statement and the Prospectus used in connection therewith as may
      be
      necessary to comply with the provisions of the Securities Act with respect
      to
      the disposition of all Registrable Securities covered by such Registration
      Statement and to keep such Registration Statement effective until the expiration
      of the Effectiveness Period applicable to such Registration
      Statement;

     

    (c)
      furnish
      to the Purchaser such number of copies of the Registration Statement and the
      Prospectus included therein (including each preliminary Prospectus) as the
      Purchaser reasonably may request to facilitate the public sale or disposition
      of
      the Registrable Securities covered by such Registration Statement;

     

    (d)
      use
      commercially reasonable efforts to register or qualify the Purchaser’s
      Registrable Securities covered by such Registration Statement under the
      securities or “blue sky” laws of such jurisdictions within the United States as
      the Purchaser may reasonably request, provided, however, that the Company shall
      not for any such purpose be required to qualify generally to transact business
      as a foreign corporation in any jurisdiction where it is not so qualified or
      to
      consent to general service of process in any such jurisdiction;

     

    (e)
      list
      the
      Registrable Securities covered by such Registration Statement with any
      securities exchange on which the Common Stock of the Company is then
      listed;

     

    (f)
      immediately
      notify the Purchaser at any time when a Prospectus relating thereto is required
      to be delivered under the Securities Act, of the happening of any event of
      which
      the Company has knowledge as a result of which the Prospectus contained in
      such
      Registration Statement, as then in effect, includes an untrue statement of
      a
      material fact or omits to state a material fact required to be stated therein
      or
      necessary to make the statements therein not misleading in light of the
      circumstances then existing; and

     

    (g)
      make
      available for inspection by the Purchaser and any attorney, accountant or other
      agent retained by the Purchaser, all publicly available, non-confidential
      financial and other records, pertinent corporate documents and properties of
      the
      Company, and cause the Company’s officers, directors and employees to supply all
      publicly available, non-confidential information reasonably requested by the
      attorney, accountant or agent of the Purchaser.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    4.
      Registration
      Expenses.
      All
      expenses relating to the Company’s compliance with Sections 2 and 3 hereof,
      including, without limitation, all registration and filing fees, printing
      expenses, fees and disbursements of counsel and independent public accountants
      for the Company, fees and expenses (including reasonable counsel fees) incurred
      in connection with complying with state securities or “blue sky” laws, fees of
      the NASD, transfer taxes, fees of transfer agents and registrars, fees of,
      and
      disbursements incurred by, one counsel for the Holders are called “Registration
      Expenses”. All selling commissions applicable to the sale of Registrable
      Securities, including any fees and disbursements of any special counsel to
      the
      Holders beyond those included in Registration Expenses, are called “Selling
      Expenses.” The Company shall only be responsible for all Registration
      Expenses.

     

    5.
      Indemnification.

     

    (a)
      In
      the
      event of a registration of any Registrable Securities under the Securities
      Act
      pursuant to this Agreement, the Company will indemnify and hold harmless each
      Holder, and its officers, directors and each other person, if any, who controls
      such Holder within the meaning of the Securities Act, against any losses,
      claims, damages or liabilities, joint or several, to which such Holder, or
      such
      persons may become subject under the Securities Act or otherwise, insofar as
      such losses, claims, damages or liabilities (or actions in respect thereof)
      arise out of or are based upon any untrue statement or alleged untrue statement
      of any material fact contained in any Registration Statement under which such
      Registrable Securities were registered under the Securities Act pursuant to
      this
      Agreement, any preliminary Prospectus or final Prospectus contained therein,
      or
      any amendment or supplement thereof, or arise out of or are based upon the
      omission or alleged omission to state therein a material fact required to be
      stated therein or necessary to make the statements therein not misleading,
      and
      will reimburse such Holder, and each such person for any reasonable legal or
      other expenses incurred by them in connection with investigating or defending
      any such loss, claim, damage, liability or action; provided,
      however,
      that
      the Company will not be liable in any such case if and to the extent that any
      such loss, claim, damage or liability arises out of or is based upon an untrue
      statement or alleged untrue statement or omission or alleged omission so made
      in
      conformity with information furnished by or on behalf of the Purchaser or any
      such person in writing specifically for use in any such document.

     

    (b)
      In
      the
      event of a registration of the Registrable Securities under the Securities
      Act
      pursuant to this Agreement, the Purchaser will indemnify and hold harmless
      the
      Company, and its officers, directors and each other person, if any, who controls
      the Company within the meaning of the Securities Act, against all losses,
      claims, damages or liabilities, joint or several, to which the Company or such
      persons may become subject under the Securities Act or otherwise, insofar as
      such losses, claims, damages or liabilities (or actions in respect thereof)
      arise out of or are based upon any untrue statement or alleged untrue statement
      of any material fact which was furnished in writing by the Purchaser to the
      Company expressly for use in (and such information is contained in) the
      Registration Statement under which such Registrable Securities were registered
      under the Securities Act pursuant to this Agreement, any preliminary Prospectus
      or final Prospectus contained therein, or any amendment or supplement thereof,
      or arise out of or are based upon the omission or alleged omission to state
      therein a material fact required to be stated therein or necessary to make
      the
      statements therein not misleading, and will reimburse the Company and each
      such
      person for any reasonable legal or other expenses incurred by them in connection
      with investigating or defending any such loss, claim, damage, liability or
      action, provided,
      however,
      that
      the Purchaser will be liable in any such case if and only to the extent that
      any
      such loss, claim, damage or liability arises out of or is based upon an untrue
      statement or alleged untrue statement or omission or alleged omission so made
      in
      conformity with information furnished in writing to the Company by or on behalf
      of the Purchaser specifically for use in any such document. Notwithstanding
      the
      provisions of this paragraph, the Purchaser shall not be required to indemnify
      any person or entity in excess of the amount of the aggregate net proceeds
      received by the Purchaser in respect of Registrable Securities in connection
      with any such registration under the Securities Act.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    (c)
      Promptly
      after receipt by a party entitled to claim indemnification hereunder (an
“Indemnified Party”) of notice of the commencement of any action, such
      Indemnified Party shall, if a claim for indemnification in respect thereof
      is to
      be made against a party hereto obligated to indemnify such Indemnified Party
      (an
“Indemnifying Party”), notify the Indemnifying Party in writing thereof, but the
      omission so to notify the Indemnifying Party shall not relieve it from any
      liability which it may have to such Indemnified Party other than under this
      Section 5(c) and shall only relieve it from any liability which it may have
      to
      such Indemnified Party under this Section 5(c) if and to the extent the
      Indemnifying Party is prejudiced by such omission. In case any such action
      shall
      be brought against any Indemnified Party and it shall notify the Indemnifying
      Party of the commencement thereof, the Indemnifying Party shall be entitled
      to
      participate in and, to the extent it shall wish, to assume and undertake the
      defense thereof with counsel satisfactory to such Indemnified Party, and, after
      notice from the Indemnifying Party to such Indemnified Party of its election
      so
      to assume and undertake the defense thereof, the Indemnifying Party shall not
      be
      liable to such Indemnified Party under this Section 5(c) for any legal expenses
      subsequently incurred by such Indemnified Party in connection with the defense
      thereof; if the Indemnified Party retains its own counsel, then the Indemnified
      Party shall pay all fees, costs and expenses of such counsel, provided,
      however,
      that,
      if the defendants in any such action include both the Indemnified Party and
      the
      Indemnifying Party and the Indemnified Party shall have reasonably concluded
      that there may be reasonable defenses available to it which are different from
      or additional to those available to the Indemnifying Party or if the interests
      of the Indemnified Party reasonably may be deemed to conflict with the interests
      of the Indemnifying Party, the Indemnified Party shall have the right to select
      one separate counsel and to assume such legal defenses and otherwise to
      participate in the defense of such action, with the reasonable expenses and
      fees
      of such separate counsel and other expenses related to such participation to
      be
      reimbursed by the Indemnifying Party as incurred.

     

    (d)
      In
      order
      to provide for just and equitable contribution in the event of joint liability
      under the Securities Act in any case in which either (i) the Purchaser, or
      any
      officer, director or controlling person of the Purchaser, makes a claim for
      indemnification pursuant to this Section 5 but it is judicially determined
      (by
      the entry of a final judgment or decree by a court of competent jurisdiction
      and
      the expiration of time to appeal or the denial of the last right of appeal)
      that
      such indemnification may not be enforced in such case notwithstanding the fact
      that this Section 5 provides for indemnification in such case, or (ii)
      contribution under the Securities Act may be required on the part of the
      Purchaser or such officer, director or controlling person of the Purchaser
      in
      circumstances for which indemnification is provided under this Section 5; then,
      and in each such case, the Company and the Purchaser will contribute to the
      aggregate losses, claims, damages or liabilities to which they may be subject
      (after contribution from others) in such proportion so that the Purchaser is
      responsible only for the portion represented by the percentage that the public
      offering price of its securities offered by the Registration Statement bears
      to
      the public offering price of all securities offered by such Registration
      Statement, provided,
      however,
      that,
      in any such case, (A) the Purchaser will not be required to contribute any
      amount in excess of the public offering price of all such securities offered
      by
      it pursuant to such Registration Statement; and (B) no person or entity guilty
      of fraudulent misrepresentation (within the meaning of Section 10(f) of the
      Act)
      will be entitled to contribution from any person or entity who was not guilty
      of
      such fraudulent misrepresentation.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    6.
      Representations
      and Warranties.

     

    (a)
      The
      Common Stock is registered pursuant to Section 12(b) or 12(g) of the Exchange
      Act and, except with respect to certain matters which the Company has disclosed
      to the Purchaser on Schedule
      12(u)
      to the
      Security Agreement, the Company has timely filed all proxy statements, reports,
      schedules, forms, statements and other documents required to be filed by it
      under the Exchange Act. The Company has filed (i) its Annual Report on Form
      10-KSB for its fiscal year ended December 31, 2006 and (ii) its Quarterly
      Reports on Form 10-QSB for the fiscal quarters ended March 31, 2007 and June
      30,
      2007 (collectively, the “SEC Reports”). Each SEC Report was, at the time of its
      filing, in substantial compliance with the requirements of its respective form
      and none of the SEC Reports, nor the financial statements (and the notes
      thereto) included in the SEC Reports, as of their respective filing dates,
      contained any untrue statement of a material fact or omitted to state a material
      fact required to be stated therein or necessary to make the statements therein,
      in light of the circumstances under which they were made, not misleading. The
      financial statements of the Company included in the SEC Reports comply as to
      form in all material respects with applicable accounting requirements and the
      published rules and regulations of the Commission or other applicable rules
      and
      regulations with respect thereto. Such financial statements have been prepared
      in accordance with generally accepted accounting principles (“GAAP”) applied on
      a consistent basis during the periods involved (except (i) as may be otherwise
      indicated in such financial statements or the notes thereto or (ii) in the
      case
      of unaudited interim statements, to the extent they may not include footnotes
      or
      may be condensed) and fairly present in all material respects the financial
      condition, the results of operations and the cash flows of the Company and
      its
      subsidiaries, on a consolidated basis, as of, and for, the periods presented
      in
      each such SEC Report.

     

    (b)
      The
      Common Stock is listed or quoted, as applicable, for trading on the NASDAQ
      Over
      The Counter Bulletin Board and satisfies all requirements for the continuation
      of such listing or quotation, as applicable, and the Company shall do all things
      necessary for the continuation of such listing or quotation, as applicable.
      The
      Company has not received any notice that its Common Stock will be delisted
      from
      or no longer be quoted on, as applicable, the NASDAQ Over The Counter Bulletin
      Board (except for prior notices which have been fully remedied) or that the
      Common Stock does not meet all requirements for the continuation of such listing
      or quotation, as applicable.

     

    (c)
      Neither
      the Company, nor any of its affiliates, nor any person acting on its or their
      behalf, has directly or indirectly made any offers or sales of any security
      or
      solicited any offers to buy any security under circumstances that would cause
      the offering of the Securities pursuant to the Security Agreement to be
      integrated with prior offerings by the Company for purposes of the Securities
      Act which would prevent the Company from selling the Common Stock pursuant
      to
      Rule 506 under the Securities Act, or any applicable exchange-related
      stockholder approval provisions, nor will the Company or any of its affiliates
      or subsidiaries take any action or steps that would cause the offering of the
      Common Stock to be integrated with other offerings (other than such concurrent
      offering to the Purchaser).

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (d)
      The
      Note
      and the Warrants and the shares of Common Stock that the Purchaser may acquire
      pursuant to the Note and the Warrants are all restricted securities under the
      Securities Act as of the date of this Agreement. The Company will not issue
      any
      stop transfer order or other order impeding the sale and delivery of any of
      the
      Registrable Securities at such time as such Registrable Securities are
      registered for public sale or an exemption from registration is available,
      except as required by federal or state securities laws.

     

    (e)
      The
      Company understands the nature of the Registrable Securities issuable upon
      the
      conversion of the Note and the exercise of each Warrant and recognizes that
      the
      issuance of such Registrable Securities may have a potential dilutive effect.
      The Company specifically acknowledges that its obligation to issue the
      Registrable Securities is binding upon the Company and enforceable regardless
      of
      the dilution such issuance may have on the ownership interests of other
      shareholders of the Company.

     

    (f)
      Except
      for agreements made in the ordinary course of business, there is no agreement
      that has not been filed with the Commission as an exhibit to a registration
      statement or to a form required to be filed by the Company under the Exchange
      Act, the breach of which could reasonably be expected to have a material and
      adverse effect on the Company and its subsidiaries, or would prohibit or
      otherwise interfere with the ability of the Company to enter into and perform
      any of its obligations under this Agreement in any material
      respect.

     

    (g)
      The
      Company will at all times have authorized and reserved a sufficient number
      of
      shares of Common Stock for the full conversion of the Note and the full exercise
      of the Warrants.

     

    (h)
      The
      Company shall provide written notice to each Holder of (i) the occurrence of
      each Discontinuation Event (as defined below) and (ii) the declaration of
      effectiveness by the SEC of each Registration Statement required to be filed
      hereunder, in each case within one (1) business day of the date of each such
      occurrence and/or declaration.

     

    7.
      Miscellaneous.

     

    (a)
      Remedies.
      In the
      event of a breach by the Company or by a Holder, of any of their respective
      obligations under this Agreement, each Holder or the Company, as the case may
      be, in addition to being entitled to exercise all rights granted by law and
      under this Agreement, including recovery of damages, will be entitled to
      specific performance of its rights under this Agreement.

     

    (b)
      No
      Piggyback on Registrations.
      Except
      as and to the extent set forth on Schedule 7(b) hereto, neither the Company
      nor
      any of its security holders (other than the Holders in such capacity pursuant
      hereto) may include securities of the Company in any Registration Statement
      other than the Registrable Securities, and the Company shall not after the
      date
      hereof enter into any agreement providing any such right for inclusion of shares
      in the Registration Statement to any of its security holders. Except as and
      to
      the extent specified in Schedule
      7(b)
      hereto,
      the Company has not previously entered into any agreement granting any
      registration rights with respect to any of its securities to any Person that
      have not been fully satisfied.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    (c)
      Compliance.
      Each
      Holder covenants and agrees that it will comply with the prospectus delivery
      requirements of the Securities Act as applicable to it in connection with sales
      of Registrable Securities pursuant to any Registration Statement.

     

    (d)
      Discontinued
      Disposition.
      Each
      Holder agrees by its acquisition of such Registrable Securities that, upon
      receipt of a notice from the Company of the occurrence of a Discontinuation
      Event (as defined below), such Holder will forthwith discontinue disposition
      of
      such Registrable Securities under the applicable Registration Statement until
      such Holder’s receipt of the copies of the supplemented Prospectus and/or
      amended Registration Statement or until it is advised in writing (the “Advice”)
      by the Company that the use of the applicable Prospectus may be resumed, and,
      in
      either case, has received copies of any additional or supplemental filings
      that
      are incorporated or deemed to be incorporated by reference in such Prospectus
      or
      Registration Statement. The Company may provide appropriate stop orders to
      enforce the provisions of this paragraph. For purposes of this Agreement, a
      “Discontinuation Event” shall mean (i) when the Commission notifies the Company
      whether there will be a “review” of such Registration Statement and whenever the
      Commission comments in writing on such Registration Statement (the Company
      shall
      provide true and complete copies thereof and all written responses thereto
      to
      each of the Holders); (ii) any request by the Commission or any other Federal
      or
      state governmental authority for amendments or supplements to such Registration
      Statement or Prospectus or for additional information; (iii) the issuance by
      the
      Commission of any stop order suspending the effectiveness of such Registration
      Statement covering any or all of the Registrable Securities or the initiation
      of
      any Proceedings for that purpose; (iv) the receipt by the Company of any
      notification with respect to the suspension of the qualification or exemption
      from qualification of any of the Registrable Securities for sale in any
      jurisdiction, or the initiation or threatening of any Proceeding for such
      purpose; and/or (v) the occurrence of any event or passage of time that makes
      the financial statements included in such Registration Statement ineligible
      for
      inclusion therein or any statement made in such Registration Statement or
      Prospectus or any document incorporated or deemed to be incorporated therein
      by
      reference untrue in any material respect or that requires any revisions to
      such
      Registration Statement, Prospectus or other documents so that, in the case
      of
      such Registration Statement or Prospectus, as the case may be, it will not
      contain any untrue statement of a material fact or omit to state any material
      fact required to be stated therein or necessary to make the statements therein,
      in light of the circumstances under which they were made, not
      misleading.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (e)
      Piggy-Back
      Registrations.
      If at
      any time during the applicable Effectiveness Period there is not an effective
      Registration Statement covering all of the Registrable Securities required
      to be
      covered during such Effectiveness Period and the Company shall determine to
      prepare and file with the Commission a registration statement relating to an
      offering for its own account or the account of others under the Securities
      Act
      of any of its equity securities, other than on Form S-4 or Form S-8 (each
      as promulgated under the Securities Act) or their then equivalents relating
      to
      equity securities to be issued solely in connection with any acquisition of
      any
      entity or business or equity securities issuable in connection with stock option
      or other employee benefit plans, then the Company shall send to each Holder
      written notice of such determination and, if within fifteen (15) days after
      receipt of such notice, any such Holder shall so request in writing, the Company
      shall include in such registration statement all or any part of such Registrable
      Securities such Holder requests to be registered, to the extent the Company
      may
      do so without violating registration rights of others which exist as of the
      date
      of this Agreement, subject to customary underwriter cutbacks applicable to
      all
      holders of registration rights and subject to obtaining any required consent
      of
      any selling stockholder(s) to such inclusion under such registration
      statement.

     

    (f)
      Amendments
      and Waivers.
      The
      provisions of this Agreement, including the provisions of this sentence, may
      not
      be amended, modified or supplemented, and waivers or consents to departures
      from
      the provisions hereof may not be given, unless the same shall be in writing
      and
      signed by the Company and the Holders of the then outstanding Registrable
      Securities. Notwithstanding the foregoing, a waiver or consent to depart from
      the provisions hereof with respect to a matter that relates exclusively to
      the
      rights of certain Holders and that does not directly or indirectly affect the
      rights of other Holders may be given by Holders of at least a majority of the
      Registrable Securities to which such waiver or consent relates; provided,
      however,
      that
      the provisions of this sentence may not be amended, modified, or supplemented
      except in accordance with the provisions of the immediately preceding
      sentence.

     

    (g)
      Notices.
      Any
      notice or request hereunder may be given to the Company or the Purchaser at
      the
      respective addresses set forth below or as may hereafter be specified in a
      notice designated as a change of address under this Section 7(g). Any notice
      or
      request hereunder shall be given by registered or certified mail, return receipt
      requested, hand delivery, overnight mail, Federal Express or other national
      overnight next day carrier (collectively, “Courier”) or telecopy (confirmed by
      mail). Notices and requests shall be, in the case of those by hand delivery,
      deemed to have been given when delivered to any party to whom it is addressed,
      in the case of those by mail or overnight mail, deemed to have been given three
      (3) business days after the date when deposited in the mail or with the
      overnight mail carrier, in the case of a Courier, the next business day
      following timely delivery of the package with the Courier, and, in the case
      of a
      telecopy, when confirmed. The address for such notices and communications shall
      be as follows:

    

      
        	
                If
                  to the Company:

              	
                ProLink
                  Holdings Corp.

                410
                  Benson Lane

                Chandler,
                  Arizona 85224

                Attention:
                  Dave M. Gomez, Esq.

                Facsimile:
                  ________________

              
	 	 
	
                with
                  a copy to:

              	
                Mintz
                  Levin Cohn Ferris Glovsky and Popeo P.C.

                Chrysler
                  Center

                666
                  Third Avenue

                New
                  York, New York 10017

                Attention:
                  Ivan Blumenthal, Esq.

                Facsimile:
                  (212) 983-3115

              

      

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

       

      
        	
                If
                  to a Purchaser:

              	
                To
                  the address set forth under such Purchaser name on the signature
                  pages
                  hereto

              
	 	 
	
                If
                  to any other Person who is

                then
                  the registered Holder:

              	
                To
                  the address of such Holder as it appears in the stock transfer
                  books of
                  the Company

              

      
 

    or
      such
      other address as may be designated in writing hereafter in accordance with
      this
      Section 7(g) by such Person.

     

    (h)
      Successors
      and Assigns.
      This
      Agreement shall inure to the benefit of and be binding upon the successors
      and
      permitted assigns of each of the parties and shall inure to the benefit of
      each
      Holder. The Company may not assign its rights or obligations hereunder without
      the prior written consent of each Holder. Each Holder may assign their
      respective rights hereunder in the manner and to the persons and entities as
      permitted under the Security Agreement.

     

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

     

    (j)
      Governing
      Law, Jurisdiction and Waiver of Jury Trial.
      THIS
      AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH
      THE
      LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN
      SUCH
      STATE, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. THE COMPANY HEREBY
      CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN THE COUNTY
      OF
      NEW YORK, STATE OF NEW YORK SHALL HAVE EXCLUSION JURISDICTION TO HEAR AND
      DETERMINE ANY PROCEEDING BETWEEN THE COMPANY, ON THE ONE HAND, AND THE
      PURCHASER, ON THE OTHER HAND, PERTAINING TO THIS AGREEMENT OR TO ANY MATTER
      ARISING OUT OF OR RELATED TO THIS AGREEMENT; PROVIDED,
      THAT
      THE PURCHASER AND THE COMPANY ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS
      MAY
      HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE COUNTY OF NEW YORK, STATE
      OF
      NEW YORK, AND FURTHER PROVIDED,
      THAT
      NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE THE PURCHASER
      FROM BRINGING A PROCEEDING IN ANY OTHER JURISDICTION TO COLLECT THE OBLIGATIONS,
      TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE OBLIGATIONS, OR
      TO
      ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE PURCHASER. THE COMPANY
      EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY PROCEEDING
      COMMENCED IN ANY SUCH COURT, AND THE COMPANY HEREBY WAIVES ANY OBJECTION WHICH
      IT MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR
FORUM
      NON CONVENIENS.
      THE
      COMPANY HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER
      PROCESS ISSUED IN ANY SUCH PROCEEDING AND AGREES THAT SERVICE OF SUCH SUMMONS,
      COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL
      ADDRESSED TO THE COMPANY AT THE ADDRESS SET FORTH IN SECTION 7(G) AND THAT
      SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER OF THE COMPANY’S
      ACTUAL RECEIPT THEREOF OR THREE (3) DAYS AFTER DEPOSIT IN THE U.S. MAILS, PROPER
      POSTAGE PREPAID. THE PARTIES HERETO DESIRE THAT THEIR DISPUTES BE RESOLVED
      BY A
      JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION
      OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO
      WAIVE ALL RIGHTS TO TRIAL BY JURY IN ANY PROCEEDING BROUGHT TO RESOLVE ANY
      DISPUTE, WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE BETWEEN THE PURCHASER
      AND/OR THE COMPANY ARISING OUT OF, CONNECTED WITH, RELATED OR INCIDENTAL TO
      THE
      RELATIONSHIP ESTABLISHED BETWEEN THEN IN CONNECTION WITH THIS AGREEMENT. IF
      EITHER PARTY HERETO SHALL COMMENCE A PROCEEDING TO ENFORCE ANY PROVISIONS OF
      THIS AGREEMENT, THE SECURITY AGREEMENT OR ANY OTHER ANCILLARY AGREEMENT, THEN
      THE PREVAILING PARTY IN SUCH PROCEEDING SHALL BE REIMBURSED BY THE OTHER PARTY
      FOR ITS REASONABLE ATTORNEYS’ FEES AND OTHER COSTS AND EXPENSES INCURRED WITH
      THE INVESTIGATION, PREPARATION AND PROSECUTION OF SUCH PROCEEDING.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    (k)
      Cumulative
      Remedies.
      The
      remedies provided herein are cumulative and not exclusive of any remedies
      provided by law.

     

    (l)
      Severability.
      If any
      term, provision, covenant or restriction of this Agreement is held by a court
      of
      competent jurisdiction to be invalid, illegal, void or unenforceable, the
      remainder of the terms, provisions, covenants and restrictions set forth herein
      shall remain in full force and effect and shall in no way be affected, impaired
      or invalidated, and the parties hereto shall use their reasonable efforts to
      find and employ an alternative means to achieve the same or substantially the
      same result as that contemplated by such term, provision, covenant or
      restriction. It is hereby stipulated and declared to be the intention of the
      parties that they would have executed the remaining terms, provisions, covenants
      and restrictions without including any of such that may be hereafter declared
      invalid, illegal, void or unenforceable.

     

    (m)
      Headings.
      The
      headings in this Agreement are for convenience of reference only and shall
      not
      limit or otherwise affect the meaning hereof.

     

    [Balance
      of page intentionally left blank; signature page follows]

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have executed this Registration Rights Agreement
      as
      of the date first written above.

    
       

      
        	
                PROLINK
                  HOLDINGS CORP.

              
	 
	
                By: 

              	 
	 	
                Name:

              
	 	
                Title:

              

      

       

      
        	
                CALLIOPE
                  CAPITAL CORPORATION

              
	 
	
                By:

              	
                Laurus
                  Capital Management, LLC, as investment
                  manager

              

      

      

      
        	
                By: 

              	 
	
                 

              	
                Name:

              
	
                 

              	
                Title:

              

      

      

      
        	
                Address
                  for Notices:

              
	 
	
                Calliope
                  Capital Corporation

              
	
                874
                  Walker Road, Suite C

              
	
                Dover,
                  Delaware 19904

              
	
                Facsimile:
                  914-949-9618

              
	 
	
                with
                  a copy to:

              
	 
	
                Calliope
                  Capital Corporation

              
	
                c/o
                  Laurus Capital Management, LLC

              
	
                825
                  Third Avenue, 17th
                  Floor

              
	
                New
                  York, NY 10022

              
	
                Attention:
                  Portfolio Services

              
	
                Facsimile:
                  212-541-4410

              

      

       

      
        SIGNATURE
          PAGE TO

        REGISTRATION
          RIGHTS AGREEMENT

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
EXHIBIT
        A

    

     

    ____________,
      200___

     

    [Continental
      Stock Transfer

    &
      Trust Company

    Two
      Broadway

    New
      York,
      New York 10004

    Attn:
      William Seegraber]

     

    Re: 
       ProLink
      Holdings Corp. Registration Statement on Form [S-3]

     

    Ladies
      and Gentlemen:

     

    As
      counsel to ProLink Holdings Corp., a Delaware corporation (the “Company”), we
      have been requested to render our opinion to you in connection with the resale
      by the individuals or entitles listed on Schedule
      A
      attached
      hereto (the “Selling Stockholders”), of an aggregate of __________ shares (the
“Shares”) of the Company’s Common Stock.

     

    A
      Registration Statement on Form [S-3] under the Securities Act of 1933, as
      amended (the “Act”), with respect to the resale of the Shares was declared
      effective by the Securities and Exchange Commission on [date]. Enclosed is
      the
      Prospectus dated [date]. We understand that the Shares are to be offered and
      sold in the manner described in the Prospectus.

     

    Based
      upon the foregoing, upon request by the Selling Stockholders at any time while
      the registration statement remains effective, it is our opinion that the Shares
      have been registered for resale under the Act and new certificates evidencing
      the Shares upon their transfer or re-registration by the Selling Stockholders
      may be issued without restrictive legend. We will advise you if the registration
      statement is not available or effective at any point in the future.

     

    Very
      truly yours,

     

    [Company
      counsel]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Schedule
      A to Exhibit A

     

    
      	
              Selling
                Stockholder

            	 	
              R/N/O

            	 	
              Shares

              Being
                Offered

            
	 	 	 	 	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      7(b)

     

    None.THIS
      NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
      LAWS. THIS NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE
      MAY
      NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN
      EFFECTIVE REGISTRATION STATEMENT AS TO THIS NOTE UNDER SAID ACT AND ANY
      APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL REASONABLY
      SATISFACTORY TO PROLINK HOLDINGS CORP. THAT SUCH REGISTRATION IS NOT
      REQUIRED.

     

    SECURED
      CONVERTIBLE TERM NOTE

     

    FOR
      VALUE
      RECEIVED, each of PROLINK HOLDINGS CORP., a Delaware corporation (the
“Parent”),
      and
      the other companies listed on Exhibit A attached hereto (such other companies
      together with the Parent, each a “Company”
and
      collectively, the “Companies”),
      hereby jointly and severally promises to pay to CALLIOPE CAPITAL CORPORATION,
      c/o Laurus Capital Management, LLC, 335 Madison Avenue, 10th
      Floor,
      New York, New York 10017, Fax: 212-541-4410 (the “Holder”)
      or its
      registered assigns or successors in interest, the sum of Four Million Dollars
      ($4,000,000), together with any accrued and unpaid interest hereon, on August
      17, 2012 (the “Maturity
      Date”)
      if not
      indefeasibly sooner paid in full.

     

    Capitalized
      terms used herein without definition shall have the meanings ascribed to such
      terms in that certain Security Agreement dated as of the date hereof by and
      among the Companies and the Holder (as amended, modified and/or supplemented
      from time to time, the “Security
      Agreement”).

     

    The
      following terms shall apply to this Secured Convertible Term Note (this
“Note”):

     

    ARTICLE
      I

    CONTRACT
      RATE AND AMORTIZATION

     

    1.1 Contract
      Rate.
      Subject
      to Sections 4.2 and 5.10, interest payable on the outstanding principal amount
      of this Note (the “Principal
      Amount”)
      shall
      accrue at a rate per annum equal to the “prime rate” published in The
      Wall Street Journal
      from
      time to time (the “Prime
      Rate”),
      plus
      two percent (2%) (the “Contract
      Rate”).
      The
      Contract Rate shall be increased or decreased as the case may be for each
      increase or decrease in the Prime Rate in an amount equal to such increase
      or
      decrease in the Prime Rate; each change to be effective as of the day of the
      change in the Prime Rate. The Contract Rate shall not at any time be less than
      nine percent (9%) or more than thirteen percent (13%). Interest shall be (i)
      calculated on the basis of a 360 day year, and (ii) payable monthly, in arrears,
      commencing on September 1, 2007, on the first business day of each consecutive
      calendar month thereafter through and including the Maturity Date, and on the
      Maturity Date, whether by acceleration or otherwise.

     

    1.2 Contract
      Rate Payments.
      The
      Contract Rate shall be calculated on the last business day of each calendar
      month hereafter (other than for increases or decreases in the Prime Rate which
      shall be calculated and become effective in accordance with the terms of Section
      1.1) until the Maturity Date and shall be subject to adjustment as set forth
      herein.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    1.3 Principal
      Payments.
      Amortizing payments of the aggregate principal amount outstanding under this
      Note at any time (the “Principal
      Amount”)
      shall
      be made, jointly and severally, by the Companies on September 1, 2008 and on
      the
      first business day of each succeeding month thereafter through and including
      the
      Maturity Date (each, an “Amortization
      Date”).
      Subject to Article III below, commencing on the first Amortization Date, the
      Company shall make monthly payments to the Holder on each Repayment Date, each
      such payment in the amount of $83,333 together with any accrued and unpaid
      interest on such portion of the Principal Amount plus any and all other unpaid
      amounts which are then owing under this Note, the Security Agreement and/or
      any
      other Ancillary Agreement (collectively, the “Monthly
      Amount”).
      Any
      outstanding Principal Amount together with any accrued and unpaid interest
      and
      any and all other unpaid amounts which are then owing by the Parent to the
      Holder under this Note, the Security Agreement and/or any other Ancillary
      Agreement shall be due and payable on the Maturity Date.

     

    ARTICLE
      II

    CONVERSION
      AND REDEMPTION

     

    2.1 Payment
      of Monthly Amount.

     

    (a) Payment
      in Cash or Common Stock.
      If the
      Monthly Amount (or a portion of such Monthly Amount if not all of the Monthly
      Amount may be converted into shares of Common Stock pursuant to Section 3.2)
      is
      required to be paid in cash pursuant to Section 2.1(b), then the Company
      shall pay the Holder an amount in cash equal to 100% of the Monthly Amount
      (or
      such portion of such Monthly Amount to be paid in cash) due and owing to the
      Holder on the Amortization Date. If the Monthly Amount (or a portion of such
      Monthly Amount if not all of the Monthly Amount may be converted into shares
      of
      Common Stock pursuant to Section 3.2) is required to be paid in shares of Common
      Stock pursuant to Section 2.1(b), the number of such shares to be issued by
      the
      Company to the Holder on such Amortization Date (in respect of such portion
      of
      the Monthly Amount converted into shares of Common Stock pursuant to Section
      2.1(b)), shall be the number determined by dividing (i) the portion of the
      Monthly Amount converted into shares of Common Stock, by (ii) the then
      applicable Fixed Conversion Price. For purposes hereof, subject to Section
      3.6
      hereof, the initial “Fixed
      Conversion Price”
means
      (i) with respect to the first $1,333,333 of the Principal Amount, $1.40; (ii)
      with respect to the next $1,333,333 of the Principal Amount, $1.50; and (iii)
      with respect to the remaining $1,333,334 of the Principal Amount,
      $1.67.

     

    (b) Monthly
      Amount Conversion Conditions.
      Subject
      to Sections 2.1(a), 2.2, and 3.2 hereof, the Holder shall convert into
      shares of Common Stock all or a portion of the Monthly Amount due on each
      Amortization Date if the following conditions (the “Conversion
      Criteria”)
      are
      satisfied: (i) the average closing price of the Common Stock as reported by
      Bloomberg, L.P. on the Principal Market for the five (5) trading days
      immediately preceding such Amortization Date shall be greater than or equal
      to
      118% of the Fixed Conversion Price and (ii) the amount of such conversion does
      not exceed twenty five percent (25%) of the aggregate dollar trading volume
      of
      the Common Stock for the period of twenty-two (22) trading days immediately
      preceding and including such Amortization Date. If subsection (i) of the
      Conversion Criteria is met but subsection (ii) of the Conversion Criteria is
      not
      met as to the entire Monthly Amount, the Holder shall convert only such part
      of
      the Monthly Amount that meets subsection (ii) of the Conversion Criteria. Any
      portion of the Monthly Amount due on an Amortization Date that the Holder has
      not been able to convert into shares of Common Stock due to the failure to
      meet
      the Conversion Criteria, shall be paid in cash by the Companies, jointly and
      severally, within three (3) business days of such Amortization
      Date.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    2.2 No
      Effective Registration.
      Notwithstanding anything to the contrary herein, the Parent shall not be
      permitted to pay any part of its obligations or the obligations of any other
      Company to the Holder hereunder in shares of Common Stock if (i) there fails
      to
      exist an effective current Registration Statement (as defined in the
      Registration Rights Agreement) covering the resale of the shares of Common
      Stock
      to be issued in connection with such payment and there fails to exist an
      exemption from registration for resale available pursuant to Rule 144 of the
      Securities Act and in respect of the Common Stock to be issued in connection
      with such payment or (ii) an Event of Default (as hereinafter defined) exists
      and is continuing, unless such Event of Default is cured within any applicable
      cure period or otherwise waived in writing by the Holder.

     

    2.3 Optional
      Redemption in Cash.
      The
      Companies may prepay this Note (“Optional
      Redemption”)
      by
      paying to the Holder a sum of money equal to (a) one hundred percent (100%)
      of
      the Principal Amount outstanding at such time if such payment occurs prior
      to
      the first anniversary of the Closing Date, (b) one hundred five percent (105%)
      of the Principal Amount outstanding at such time if such payment occurs on
      or
      after the first anniversary of the Closing Date and prior to the second
      anniversary of the Closing Date, (c) one hundred fifteen percent (115%) of
      the
      Principal Amount outstanding at such time if such payment occurs on or after
      the
      second anniversary of the Closing Date and prior to the third anniversary of
      the
      Closing Date and (d) one hundred twenty percent (120%) of the Principal Amount
      outstanding if such payment occurs on or after the third anniversary of the
      Closing Date, in each case, together with accrued but unpaid interest thereon
      and any and all other sums due, accrued or payable to the Holder arising under
      this Note, the Security Agreement or any other Ancillary Agreement (the
“Redemption
      Amount”)
      outstanding on the Redemption Payment Date (as defined below). The Companies
      shall deliver to the Holder a written notice of redemption (the “Notice
      of Redemption”)
      specifying the date for such Optional Redemption (the “Redemption
      Payment Date”),
      which
      date shall be ten (10) business days after the date of the Notice of Redemption
      (the “Redemption
      Period”).
      A
      Notice of Redemption shall not be effective with respect to any portion of
      this
      Note for which the Holder has previously delivered a Notice of Conversion (as
      hereinafter defined) or for conversions elected to be made by the Holder
      pursuant to Section 3.3 during the Redemption Period. The Redemption Amount
      shall be determined as if the Holder’s conversion elections had been completed
      immediately prior to the date of the Notice of Redemption. On the Redemption
      Payment Date, the Redemption Amount must be paid in good funds to the Holder.
      In
      the event the Companies fail to pay the Redemption Amount on the Redemption
      Payment Date as set forth herein, then such Redemption Notice will be null
      and
      void.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    ARTICLE
      III

    HOLDER’S
      CONVERSION RIGHTS

     

    3.1 Optional
      Conversion.
      Subject
      to the terms set forth in this Article III, on or after August __, 2008, the
      Holder shall have the right, but not the obligation, to convert all or any
      portion of the issued and outstanding Principal Amount and/or accrued interest
      and fees due and payable into fully paid and nonassessable shares of Common
      Stock at the applicable Fixed Conversion Price. The shares of Common Stock
      to be
      issued upon such conversion are herein referred to as, the “Conversion
      Shares.”

     

    3.2 Conversion
      and Trading Limitations.
      

     

    (a) Notwithstanding
      anything herein to the contrary, in no event shall the Holder be entitled to
      exercise any portion of this Note in excess of that portion of this Note upon
      exercise of which the sum of (1) the number of shares of Common Stock
      beneficially owned by the Holder and its Affiliates (other than shares of Common
      Stock which may be deemed beneficially owned through the ownership of the
      unexercised portion of this Note or the unexercised or unconverted portion
      of
      any other security of the Holder subject to a limitation on conversion analogous
      to the limitations contained herein) and (2) the number of shares of Common
      Stock issuable upon the exercise of the portion of this Note with respect to
      which the determination of this proviso is being made, would result in
      beneficial ownership by the Holder and its Affiliates of any amount greater
      than
      9.99% of the then outstanding shares of Common Stock (whether or not, at the
      time of such exercise, the Holder and its Affiliates beneficially own more
      than
      9.99% of the then outstanding shares of Common Stock). As used herein, the
      term
“Affiliate”
means
      any person or entity that, directly or indirectly through one or more
      intermediaries, controls or is controlled by or is under common control with
      a
      person or entity, as such terms are used in and construed under Rule 144 under
      the Securities Act.   For purposes of the second preceding sentence,
      beneficial ownership shall be determined in accordance with Section 13(d) of
      the
      Securities Exchange Act of 1934, as amended, and Regulations 13D-G thereunder,
      except as otherwise provided in clause (1) of such sentence.  For any
      reason at any time, upon written or oral request of the Holder, the Company
      shall within one (1) business day confirm orally and in writing to the Holder
      the number of shares of Common Stock outstanding as of any given date. The
      limitations set forth herein (x) shall automatically become null and void
      following notice to the Company upon the occurrence and during the continuance
      of an Event of Default (as defined in the Security Agreement) and (y) may be
      waived by the Holder upon provision of no less than sixty-one (61) days prior
      written notice to the Company; provided, however, that, such written notice
      of
      waiver shall only be effective if delivered at a time when no indebtedness
      (including, without limitation, principal, interest, fees and charges) of the
      Company of which the Holder or any of its Affiliates was, at any time, the
      owner, directly or indirectly is outstanding. .

     

    (b) Trading
      Limitation.
      Notwithstanding anything herein to the contrary, the Holder shall not, on any
      trading day, trade shares of the Common Stock issued to the Holder pursuant
      to
      this Note on the Principal Market in which such Common Stock is listed in excess
      of ten percent (10%) of the average daily trading volume of the Common Stock
      for
      the period of ten (10) trading days immediately preceding such trading
      date.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    3.3 Mechanics
      of Holder’s Conversion.
      In the
      event that the Holder elects to convert this Note into Common Stock, the Holder
      shall give notice of such election by delivering an executed and completed
      notice of conversion in substantially the form of Exhibit B hereto (appropriate
      completed) (“Notice
      of Conversion”)
      to the
      Parent and such Notice of Conversion shall provide a breakdown in reasonable
      detail of the Principal Amount, accrued interest and fees that are being
      converted. On each Conversion Date (as hereinafter defined) and in accordance
      with its Notice of Conversion, the Holder shall make the appropriate reduction
      to the Principal Amount, accrued interest and fees as entered in its records
      and
      shall provide written notice thereof to the Parent within two (2) business
      days
      after the Conversion Date. Each date on which a Notice of Conversion is
      delivered or transmitted by facsimile to the Parent in accordance with the
      provisions hereof shall be deemed a Conversion Date (the “Conversion
      Date”).
      Pursuant to the terms of the Notice of Conversion, the Parent will issue
      instructions to the transfer agent accompanied by an opinion of counsel within
      one (1) business day of the date of the delivery to the Parent of the Notice
      of
      Conversion and shall cause the transfer agent to transmit the certificates
      representing the Conversion Shares to the Holder by crediting the account of
      the
      Holder’s designated broker with the Depository Trust Corporation (“DTC”)
      through its Deposit Withdrawal Agent Commission (“DWAC”)
      system
      within three (3) business days after receipt by the Parent of the Notice of
      Conversion (the “Delivery
      Date”).
      In
      the case of the exercise of the conversion rights set forth herein the
      conversion privilege shall be deemed to have been exercised and the Conversion
      Shares issuable upon such conversion shall be deemed to have been issued upon
      the date of receipt by the Parent of the Notice of Conversion. The Holder shall
      be treated for all purposes as the record holder of the Conversion Shares,
      unless the Holder provides the Parent written instructions to the
      contrary.

     

    3.4 Late
      Payments.
      The
      Companies understand that a delay in the delivery of the Conversion Shares
      in
      the form required pursuant to this Article beyond the Delivery Date could result
      in economic loss to the Holder. As compensation to the Holder for such loss,
      in
      addition to all other rights and remedies which the Holder may have under this
      Note, applicable law or otherwise, the Companies shall, jointly and severally,
      pay late payments to the Holder for any late issuance of Conversion Shares
      in
      the form required pursuant to this Article II upon conversion of this Note,
      in
      the amount equal to $250 per business day after the Delivery Date. The Companies
      shall, jointly and severally, make any payments incurred under this Section
      in
      immediately available funds upon demand.

     

    3.5 Conversion
      Mechanics.
      The
      number of shares of Common Stock to be issued upon each conversion of this
      Note
      shall be determined by dividing that portion of the principal and interest
      and
      fees to be converted, if any, by the then applicable Fixed Conversion Price.
      In
      the event of any conversions of a portion of the outstanding Principal Amount
      pursuant to this Article III, such conversions shall be deemed to constitute
      conversions of the outstanding Principal Amount applying to Monthly Amounts
      for
      the remaining Amortization Dates in chronological order.

     

    3.6 Adjustment
      Provisions.
      The
      Fixed Conversion Price and number and kind of shares or other securities to
      be
      issued upon conversion determined pursuant to this Note shall be subject to
      adjustment from time to time upon the occurrence of certain events during the
      period that this conversion right remains outstanding, as follows:

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    (a) Reclassification.
      If the
      Parent at any time shall, by reclassification or otherwise, change the Common
      Stock into the same or a different number of securities of any class or classes,
      this Note, as to the unpaid Principal Amount and accrued interest thereon,
      shall
      thereafter be deemed to evidence the right to purchase an adjusted number of
      such securities and kind of securities as would have been issuable as the result
      of such change with respect to the Common Stock (i) immediately prior to or
      (ii)
      immediately after, such reclassification or other change at the sole election
      of
      the Holder.

     

    (b) Stock
      Splits, Combinations and Dividends.
      If the
      shares of Common Stock are subdivided or combined into a greater or smaller
      number of shares of Common Stock, or if a dividend is paid on the Common Stock
      or any preferred stock issued by the Parent in shares of Common Stock, the
      Fixed
      Conversion Price shall be proportionately reduced in case of subdivision of
      shares or stock dividend or proportionately increased in the case of combination
      of shares, in each such case by the ratio which the total number of shares
      of
      Common Stock outstanding immediately after such event bears to the total number
      of shares of Common Stock outstanding immediately prior to such
      event.

     

    3.7 Reservation
      of Shares.
      During
      the period the conversion right exists, the Parent will reserve from its
      authorized and unissued Common Stock a sufficient number of shares to provide
      for the issuance of Conversion Shares upon the full conversion of this Note
      and
      the Warrants. The Parent represents that upon issuance, the Conversion Shares
      will be duly and validly issued, fully paid and non-assessable. The Parent
      agrees that its issuance of this Note shall constitute full authority to its
      officers, agents, and transfer agents who are charged with the duty of executing
      and issuing stock certificates to execute and issue the necessary certificates
      for the Conversion Shares upon the conversion of this Note.

     

    3.8 Registration
      Rights.
      The
      Holder has been granted registration rights with respect to the Conversion
      Shares as set forth in the Registration Rights Agreement.

     

    3.9 Issuance
      of New Note.
      Upon
      any partial conversion of this Note, a new Note containing the same date and
      provisions of this Note shall, at the request of the Holder, be issued by the
      Companies to the Holder for the principal balance of this Note and interest
      which shall not have been converted or paid. Subject to the provisions of
      Article IV of this Note, the Companies shall not pay any costs, fees or any
      other consideration to the Holder for the production and issuance of a new
      Note.

     

    ARTICLE
      IV

    EVENTS
      OF DEFAULT

     

    4.1 Events
      of Default.
      The
      occurrence of an Event of Default under the Security Agreement shall constitute
      an event of default (“Event
      of Default”)
      hereunder.

     

    4.2 Default
      Interest.
      Following the occurrence and during the continuance of an Event of Default,
      each
      Company shall, jointly and severally, pay additional interest on the outstanding
      principal balance of this Note in an amount equal to two percent (2%) per month,
      and all outstanding Obligations, including unpaid interest, shall continue
      to
      accrue interest at such additional interest rate from the date of such Event
      of
      Default until the date such Event of Default is cured or waived.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    4.3 Default
      Payment.
      Following the occurrence and during the continuance of an Event of Default,
      the
      Holder, at its option, may elect, in addition to all rights and remedies of
      the
      Holder under the Security Agreement and the Ancillary Agreements and all
      obligations of each Company under the Security Agreement and the Ancillary
      Agreements, to require the Companies, jointly and severally, to make a Default
      Payment (“Default
      Payment”).
      The
      Default Payment shall be one hundred twenty percent (120%)
      of
      the outstanding principal amount of the Note, plus accrued but unpaid interest,
      all other fees then remaining unpaid, and all other amounts payable hereunder.
      The Default Payment shall be applied first to any fees due and payable to the
      Holder pursuant to the Notes and/or the Ancillary Agreements, then to accrued
      and unpaid interest due on the Notes, the Security Agreement and then to the
      outstanding principal balance of the Notes. The Default Payment shall be due
      and
      payable immediately on the date that the Holder has demanded payment of the
      Default Payment pursuant to this Section 4.3. Notwithstanding anything to the
      contrary set forth herein, (a) if the Holder waives in writing any Event of
      Default, the Companies shall be relieved of their obligation to make the Default
      Payment with respect to such Event of Default and (b) no Default Payment shall
      be due and payable following the occurrence of an Event of Default under Section
      19(m) of the Security Agreement if such Event of Default occurred solely as
      a
      result of the commencement of a civil proceeding against any Company, any of
      its
      Subsidiaries or any executive office of any Company or any of its Subsidiaries
      unless a judgment, writ or warrant of attachment or similar process shall be
      entered or filed against such Company, such Subsidiary or such officer with
      respect to such proceeding.

     

    ARTICLE
      V

    MISCELLANEOUS

     

    5.1 Conversion
      Privileges.
      The
      conversion privileges set forth in Article III shall remain in full force and
      effect immediately from the date hereof until the date this Note is indefeasibly
      paid in full and irrevocably terminated.

     

    5.2 Cumulative
      Remedies.
      The
      remedies under this Note shall be cumulative.

     

    5.3 Failure
      or Indulgence Not Waiver.
      No
      failure or delay on the part of the Holder hereof in the exercise of any power,
      right or privilege hereunder shall operate as a waiver thereof, nor shall any
      single or partial exercise of any such power, right or privilege preclude other
      or further exercise thereof or of any other right, power or privilege. All
      rights and remedies existing hereunder are cumulative to, and not exclusive
      of,
      any rights or remedies otherwise available.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    5.4 Notices.
      Any
      notice herein required or permitted to be given shall be in writing and shall
      be
      deemed effectively given: (a) upon personal delivery to the party notified,
      (b)
      when sent by confirmed telex or facsimile if sent during normal business hours
      of the recipient, if not, then on the next business day, (c) five days after
      having been sent by registered or certified mail, return receipt requested,
      postage prepaid, or (d) one day after deposit with a nationally recognized
      overnight courier, specifying next day delivery, with written verification
      of
      receipt. All communications shall be sent to the respective Company at the
      address provided for such Company in the Security Agreement executed in
      connection herewith, and to the Holder at the address provided in the Security
      Agreement for the Holder, with a copy to Laurus Capital Management, LLC, Attn:
      Portfolio Services, 825 Third Avenue, 17th
      Floor,
      New York, New York 10022, facsimile number (212) 541-4410, or at such other
      address as the respective Company or the Holder may designate by ten days
      advance written notice to the other parties hereto. A Notice of Conversion
      shall
      be deemed given when made to the Parent pursuant to the Security
      Agreement.

     

    5.5 Amendment
      Provision.
      The
      term “Note” and all references thereto, as used throughout this instrument,
      shall mean this instrument as originally executed, or if later amended or
      supplemented, then as so amended or supplemented, and any successor instrument
      as such successor instrument may be amended or supplemented.

     

    5.6 Assignability.
      This
      Note shall be binding upon the Company and its successors and assigns, and
      shall
      inure to the benefit of the Holder and its successors and assigns, and may
      be
      assigned by the Holder in accordance with the requirements of the Security
      Agreement. No Company may assign any of its obligations under this Note without
      the prior written consent of the Holder, any such purported assignment without
      such consent being null and void.

     

    5.7 Cost
      of Collection.
      Following the occurrence of an Event of Default under this Note, the Companies
      shall, jointly and severally, pay the Holder the Holder’s reasonable costs of
      collection, including reasonable attorneys’ fees.

     

    5.8 Governing
      Law, Jurisdiction and Waiver of Jury Trial.

     

    (a) THIS
      NOTE
      SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS
      OF
      THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF
      LAW.

     

    (b) EACH
      COMPANY HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED
      IN
      THE COUNTY OF NEW YORK, STATE OF NEW YORK SHALL HAVE EXCLUSIVE JURISDICTION
      TO
      HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN ANY COMPANY, ON THE ONE HAND,
      AND THE HOLDER, ON THE OTHER HAND, PERTAINING TO THIS NOTE, THE SECURITY
      AGREEMENT OR ANY OF THE OTHER ANCILLARY AGREEMENTS OR TO ANY MATTER ARISING
      OUT
      OF OR RELATED TO THIS NOTE, THE SECURITY AGREEMENT OR ANY OF THE OTHER ANCILLARY
      AGREEMENTS PROVIDED,
      THAT
      EACH COMPANY ACKNOWLEDGES THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE
      HEARD BY A COURT LOCATED OUTSIDE OF THE COUNTY OF NEW YORK, STATE OF NEW YORK;
      AND FURTHER PROVIDED,
      THAT
      NOTHING IN THIS NOTE SHALL BE DEEMED OR OPERATE TO PRECLUDE THE HOLDER FROM
      BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO COLLECT
      THE OBLIGATIONS, TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE
      OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE
      HOLDER. EACH COMPANY EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH
      JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH COMPANY
      HEREBY WAIVES ANY OBJECTION WHICH IT MAY HAVE BASED UPON LACK OF PERSONAL
      JURISDICTION, IMPROPER VENUE OR FORUM
      NON CONVENIENS.
      EACH
      COMPANY AND THE HOLDER HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT
      AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE
      OF
      SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED
      MAIL ADDRESSED TO THE COMPANY AGENT OR THE HOLDER, AS APPLICABLE, AT THE ADDRESS
      SET FORTH IN THE SECURITY AGREEMENT AND THAT SERVICE SO MADE SHALL BE DEEMED
      COMPLETED UPON THE EARLIER OF THE COMPANY AGENT’S OR THE HOLDER’S, AS
      APPLICABLE, ACTUAL RECEIPT THEREOF OR THREE (3) DAYS AFTER DEPOSIT IN THE U.S.
      MAILS, PROPER POSTAGE PREPAID.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    (c) EACH
      COMPANY DESIRES THAT ITS DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH
      APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS
      OF
      THE JUDICIAL SYSTEM AND OF ARBITRATION, EACH COMPANY HERETO WAIVES ALL RIGHTS
      TO
      TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE,
      WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE BETWEEN THE HOLDER, AND/OR
      ANY
      COMPANY ARISING OUT OF, CONNECTED WITH, RELATED OR INCIDENTAL TO THE
      RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH THIS NOTE, THE SECURITY
      AGREEMENT, ANY OTHER ANCILLARY AGREEMENT OR THE TRANSACTIONS RELATED HERETO
      OR
      THERETO.

     

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

     

    5.10 Maximum
      Payments.
      Nothing
      contained herein shall be deemed to establish or require the payment of a rate
      of interest or other charges in excess of the maximum permitted by applicable
      law. In the event that the rate of interest required to be paid or other charges
      hereunder exceed the maximum rate permitted by such law, any payments in excess
      of such maximum rate shall be credited against amounts owed by the Companies
      to
      the Holder and thus refunded to the Companies.

     

    5.11 Security
      Interest.
      The
      Holder has been granted a security interest in certain assets of the Companies
      as more fully described in the Security Agreement and the Ancillary
      Agreements.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    5.12 Construction;
      Counterparts.
      Each
      party acknowledges that its legal counsel participated in the preparation of
      this Note and, therefore, stipulates that the rule of construction that
      ambiguities are to be resolved against the drafting party shall not be applied
      in the interpretation of this Note to favor any party against the other. This
      Note may be executed in one or more counterparts, each of which shall be deemed
      an original and all of which together shall be deemed to constitute one
      agreement. It is understood and agreed that if facsimile copies of this Note
      bearing facsimile signatures are exchanged between the parties hereto, such
      copies shall in all respects have the same weight, force and legal effect and
      shall be fully as valid, binding, and enforceable as if such signed facsimile
      copies were original documents bearing original signature.

     

    5.13 Registered
      Obligation.
      This
      Note is intended to be a registered obligation within the meaning of Treasury
      Regulation Section 1.871-14(c)(1)(i) and the Company (or its agent) shall
      register this Note (and thereafter shall maintain such registration) as to
      both
      principal and any stated interest. Notwithstanding any document, instrument
      or
      agreement relating to this Note to the contrary, transfer of this Note (or
      the
      right to any payments of principal or stated interest thereunder) may only
      be
      effected by (i) surrender of this Note and either the reissuance by the Company
      of this Note to the new holder or the issuance by the Company of a new
      instrument to the new holder, or (ii) transfer through a book entry system
      maintained by the Company (or its agent), within the meaning of Treasury
      Regulation Section 1.871-14(c)(1)(i)(B).

     

    [Balance
      of page intentionally left blank; signature page follows]

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF,
      each
      Company has caused this Secured Convertible Term Note to be signed in its name
      effective as of this 17th
      day of
      August, 2007.

    

    
      	
              PROLINK
                HOLDINGS CORP.

            
	 	 
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            

    

     

    
      	
              WITNESS:

            
	 

    

    

    
      	
              PROLINK
                SOLUTIONS, LLC

            
	 	 
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            

    

    

    
      	
              WITNESS:

            
	 

    

     

    
      SIGNATURE
        PAGE TO

      SECURED
        CONVERTIBLE TERM NOTE

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A

     

    OTHER
      COMPANIES

     

    PROLINK
      SOLUTIONS, LLC

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
      B

     

    NOTICE
      OF CONVERSION

     

    (To
      be
      executed by the Holder in order to convert all or part of

    the
      Secured Convertible Term Note into Common Stock)

     

    [Name
      and
      Address of Parent]

     

    The
      undersigned hereby converts $_________ of the principal due on [specify
      applicable Repayment Date] under the Secured Convertible Term Note dated as
      of
      August ___, 2007 (the “Note”)
      issued
      by ProLink Holdings Corp. (the “Parent”)
      and
      certain of its Subsidiaries by delivery of shares of Common Stock of the Parent
      (“Shares”)
      on and
      subject to the conditions set forth in the Note.

    

    
      	
              1.

            	
              Date
                of Conversion 

            	
               

            
	
              2.

            	
              Shares
                To Be Delivered:

            	
               

            

    

     

    
      	
              [HOLDER]

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]