Document:

FACTORING
        AND SECURITY AGREEMENT

       

      THIS
        FACTORING AND SECURITY AGREEMENT is made as of August 13, 2008 by and between
        TXP CORPORATION, a Nevada Corporation (“Seller”) and LANDRY MARKS PARTNERS LP, a
        Texas limited partnership (“Purchaser”).

       

      1.
        Definitions.
        The
        following terms used herein shall have the following meaning. All capitalized
        terms not herein defined shall have the meaning set forth in the Uniform
        Commercial Code:

       

      1.1.
        “Account”–
this
        term shall have the same definition as given to it in the Uniform Commercial
        Code. 

       

      1.2.
        “Advance”
        –
for
        each Purchased Account, the Face Amount minus Initial Discount minus the
        product
        of (A) the Reserve Percentage multiplied by (B) the Face Amount. 

       

      1.3.
        “Account
        Debtor” –
this
        term shall have the same definition as given to it in the Uniform Commercial
        Code. 

       

      1.4.
        “Avoidance
        Claim”
        - any
        claim that any payment received by Purchaser from or for the account of an
        Account Debtor is avoidable under the Bankruptcy Code or any other debtor
        relief
        statute.

       

      1.5.
        “Chosen
        State” -
         Texas.

       

      1.6.
        “Clearance
        Days”
-
        three
        (3) business days for all payments.

       

      1.7.
        “Closed”
        - a
        Purchased Account is closed upon the first to occur of (i) receipt of full
        payment by Purchaser or (ii) the unpaid Face Amount has been charged to the
        Reserve Account by Purchaser pursuant to the terms hereof.

       

      1.8.
        Section
        not used. 

       

      1.9.
        “Collateral”
        - all
        now
        owned and hereafter acquired Accounts and other receivables, Instruments
        and
        other forms of obligations and rights to payment of the Seller, Chattel Paper,
        including Promissory Notes, Investment Property, Documents, and General
        Intangibles, together with the proceeds thereof (including proceeds of
        proceeds), all goods, services and inventory represented by such Accounts
        and
        all such goods, services and inventory that may be returned by the company’s
        customers, and all proceeds of any insurance thereon.

       

      1.10.
        “Discounts”–
the
        Initial Discount and the Additional Discount.

       

      1.11.
        “Eligible
        Account” -
        an
        Account which is acceptable for purchase as determined by Purchaser in the
        exercise of its reasonable sole credit or business judgment.

       

      1.12.
        “Events
        of Default”
        - See
        Section 14.1.

       

      1.13.
        “Face
        Amount”
        - the
        face amount due on a Purchased Account at the time of Purchase. 

       

      1.14.
        “Additional
        Discount” –
a
        discount in the amount of one percent (1%) of the Face Amount of a Purchased
        Account.

       

      1.15.
        Section
        not used.

       

      1.16.
        “Initial
        Discount”–
two
        percent (2%) of the Face Amount.

    

    
      

      
        
          
          

        

        
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      1.17.
        “Invoice”
        - the
        document that evidences or is intended to evidence an Account. Where the
        context
        so requires, reference to an Invoice shall be deemed to refer to the Account
        to
        which it relates.

       

      1.18.
        “Ineligible
        Account Date”
        - the
        date which is sixty (60) days from the date on which a Purchased Account
        was
        purchased or ninety (90) days from the invoice date of a Purchased Account,
        whichever comes first. 

       

      1.19.
        “Maximum
        Amount”-
        $1,500,000

       

      1.20.
        “Misdirected
        Payment Fee”
        -
        fifteen percent (15%) of the amount of any payment on account of a Purchased
        Account which has been received by Seller and not delivered in kind to Purchaser
        on the second business day following the date of receipt by Seller.

       

      1.21.
        “Missing
        Notation Fee”–
fifteen
        percent (15%) of the Face Amount.

       

      1.22.
        “Obligations”
        - all
        present and future obligations owing by Seller to Purchaser whether or not
        for
        the payment of money, whether or not evidenced by any note or other instrument,
        whether direct or indirect, absolute or contingent, due or to become due,
        joint
        or several, primary or secondary, liquidated or unliquidated, secured or
        unsecured, original or renewed or extended, whether arising before, during
        or
        after the commencement of any bankruptcy case in which Seller is a Debtor.
        

       

      1.23.
        “Parties”
        -
        Seller
        and Purchaser. 

       

      1.24.
        “Purchase
        Price”
        - the
        Face Amount less the Discounts.

       

      1.25.
        “Purchased
        Accounts”–
        Eligible Accounts purchased hereunder which have not been
        Repurchased.

       

      1.26.
        “Repurchased”
        -
        an
        Account has been repurchased when Seller has paid to Purchaser the then unpaid
        Face Amount.

       

      1.27.
        “Required
        Reserve Amount” -
        the
        Reserve Percentage multiplied by the unpaid balance of Purchased Accounts.
        

       

      1.28.
        “Reserve
        Account”
        - a
        bookkeeping account on the books of the Purchaser representing an unpaid
        portion
        of the Purchase Price, maintained by Purchaser to ensure Seller's performance
        with the provisions hereof. 

       

      1.29.
        “Reserve
        Percentage”–
fifteen
        percent (15%).

       

      1.30.
        “Reserve
        Shortfall”
        - the
        amount by which the Reserve Account is less than the Required Reserve
        Amount.

       

      1.31.
        “Schedule
        of Accounts”
        - a form
        supplied by Purchaser from time to time wherein Seller lists such of its
        Accounts as it requests that Purchaser purchase under the terms of this
        Agreement.

       

      2.
        Sale;
        Purchase Price; Billing; Reserve 

       

      2.1.
        Assignment
        and Sale.
        

       

      2.1.1.
        Seller shall sell to Purchaser as absolute owner, with full recourse, such
        of
        Seller's Accounts as are listed from time to time on Schedules of Accounts,
        a
        specimen copy of which is annexed hereto as Exhibit
        B.

       

      2.1.2.
        Each Schedule of Accounts shall be accompanied by such documentation supporting
        and evidencing the Account as Purchaser shall from time to time
        request.

       

      
        
          
          

        

        
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      2.1.3.
        Purchaser shall have the right, but not the obligation, to purchase from
        Seller
        such Accounts as Purchaser in its sole discretion determines to be Eligible
        Accounts, so long as the aggregate Face Amount of Accounts, less payments
        received on such Accounts does not exceed, before and after such purchase,
        the
        Maximum Amount.

       

      2.1.4.
        Purchaser shall pay the Advance, less any amounts due to Purchaser from Seller,
        of any Purchased Account, to Seller whereupon the Accounts shall be deemed
        purchased hereunder. 

       

      2.2.
        Billing.
        Purchaser may send a monthly statement to all Account Debtors itemizing their
        account activity during the preceding billing period. All Account Debtors
        will
        be instructed to make payments to Purchaser prior
        to
        an Account being purchased by Purchaser.

       

      2.3.
        Reserve
        Account.
        

       

      2.3.1.
        Seller shall pay to Purchaser, on demand, the amount of any Reserve
        Shortfall. 

       

      2.3.2.
        Provided no Event of Default has occurred which is continuing, Purchaser
        shall
        pay to Seller upon Seller's request, any amount by which the Reserve Account
        exceeds the Required Reserve Amount; provided, that Seller shall be entitled
        to
        make such demand not more than twice in any one (1) month, Notwithstanding,
        Purchaser may retain all Reserve Amounts to be applied to Seller’s Obligations.

       

      2.3.3.
        Purchaser may charge the Reserve Account with any Obligation, including any
        amounts due from Seller to Purchaser hereunder. 

       

      2.3.4.
        Purchaser may pay any amounts due Seller hereunder by a credit to the Reserve
        Account;

       

      2.3.5.
        Upon termination of this Agreement, Purchaser may retain the Reserve
        Account:

       

      2.3.5.1.
        for forty-five (45) days thereafter to be applied to payment of any Obligations
        that were unknown to Purchaser at the time of termination, and 

       

      2.3.5.2.
        unless and until Seller has executed and delivered to Purchaser a general
        release in the form of Exhibit A hereto.

       

      3.
        Authorization
        for Purchases.
        Subject
        to the terms and conditions of this Agreement, Purchaser is authorized to
        purchase Accounts upon telephonic, facsimile or other instructions received
        from
        anyone purporting to be an officer, employee or representative of Seller.
        

       

      4.
        Additional
        Discounts, Fees and Expenses.
        Seller
        shall pay to Purchaser: 

       

      4.1.
        Additional
        Discount.
        The
        Additional Discount, on all accounts not Closed within 45 days after purchase
        will be charged on the 46st
        day
        after purchase and every 15 days thereafter, which amount may also be charged
        against the Reserve Account until such Account is Closed.

       

      4.2.
        Misdirected
        Payment Fee.
        Any
        Misdirected Payment Fee immediately upon its accrual. 

       

      4.3.
        Missing
        Notation Fee.
        The
        Missing Notation Fee on any Invoice that is sent by Seller to an Account
        Debtor
        which does not contain the notice as required by Section 10.5
        hereof,
        which fee shall be due and payable immediately upon demand from
        Purchaser.

       

      4.4.
        Section
        not used. 

      
        
          
          

        

        
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      4.5.
        Out-of-pocket
        Expenses.
        The
        reasonable, out-of-pocket expenses directly incurred by Purchaser in the
        negotiation, execution, administration and/or enforcement of this Agreement,
        such as wire transfer fees, legal fees, postage and audit fees. 

       

      5.
        Repurchase
        Of Accounts.
        Purchaser may require that Seller repurchase, by payment of the then unpaid
        Face
        Amount thereof, together with any unpaid Discounts and/or fees relating to
        the
        Purchased Account within five (5) business days after written demand from
        Purchaser, or, immediately without written demand or notice from Purchaser,
        at
        Purchaser's option, by Purchaser's charge to the Reserve Account: 

       

      5.1.
        Any
        Purchased Account, the payment of which has been disputed by the Account
        Debtor
        obligated thereon, Purchaser being under no obligation to determine the merit
        or
        validity of such dispute;

       

      5.2.
        Any
        Purchased Account for which Seller has breached its warranty under Section
        12
        hereunder;

       

      5.3.
        Any
        Purchased Account owing from an Account Debtor which in Purchaser’s reasonable
        credit judgment has become insolvent;

       

      5.4.
        All
        Purchased Accounts upon the occurrence of an Event of Default, or upon the
        termination date of this Agreement; and 

       

      5.5.
        Any
        Purchased Account which remains unpaid beyond the Ineligible Account
        Date.

       

      6.
        Security
        Interest.
        

       

      6.1.
        As
        collateral securing the Obligations, Seller grants to Purchaser a continuing
        first priority security interest in and to the Collateral. 

       

      6.2.
        Notwithstanding the creation of the above security interest, the relationship
        of
        the parties shall be that of Purchaser and Seller of Accounts, and not that
        of
        lender and borrower. 

       

      7.
        Clearance
        Days.
        For all
        purposes under this Agreement, Clearance Days will be added to the date on
        which
        any payment is received by Purchaser. 

       

      8.
        Authorization
        to Purchaser.
        

       

      8.1.
        Seller hereby irrevocably authorizes Purchaser at Seller's expense, to exercise
        at any time any of the following powers until all of the Obligations have
        been
        paid in full: (a) receive, take, endorse, assign, deliver, accept and deposit,
        in the name of Purchaser or Seller, any and all cash, checks, commercial
        paper,
        drafts, remittances and other instruments and documents relating to the
        Collateral, the Purchased Accounts or the proceeds thereof, (b) take or bring,
        in the name of Purchaser or Seller, all steps, actions, suits or proceedings
        deemed by Purchaser necessary or desirable to effect collection of or other
        realization upon the Accounts and other Collateral, (c) after an Event of
        Default, change the address for delivery of mail to Seller and to receive
        and
        open mail addressed to Seller, (d) after an Event of Default, extend the
        time of
        payment of, compromise or settle for cash, credit, return of merchandise,
        and
        upon any terms or conditions, any and all Accounts or other Collateral which
        includes a monetary obligation and discharge or release any Account Debtor
        or
        other obligor (including filing of any public record releasing any lien granted
        to Seller by such account debtor), without affecting any of the Obligations,
        (e)
        pay any sums necessary to discharge any lien or encumbrance which is senior
        to
        Purchaser's security interest in the Collateral, which sums shall be included
        as
        Obligations hereunder, and in connection with which sums interest shall accrue
        and shall be due and payable at the lesser of 18% per annum or the highest
        lawful rate, (f) file in the name of Seller or Purchaser or both, (1) mechanics
        lien or related notices or (2) claims under any payment bond, in connection
        with
        goods or services sold by Seller in connection with the improvement of realty,
        and (g) notify any Account Debtor obligated with respect to any Account,
        that
        the underlying Account has been assigned to Purchaser by Seller and that
        payment
        thereof is to be made to the order of and directly and solely to Purchaser,
        and
        (h) communicate directly with Seller’s Account Debtors to verify the amount and
        validity of any Account created by Seller.

      
        
          
          

        

        
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      8.2.
        Seller authorizes Purchaser at any time and from time to time to file any
        initial financing statements and amendments thereto that:

       

      8.2.1.
        indicate the Collateral as all account of the Seller or words of similar
        effect,
        regardless of whether any particular asset comprised in the Collateral falls
        within the scope of Article 9 of the UCC, or as being of an equal or lesser
        scope or with greater detail;

       

      8.2.2.
        contain any other information required by Article 9 of the UCC for the
        sufficiency or filing office acceptance of any financing statement or amendment,
        including (i) whether the Seller is an organization, the type of organization,
        and any organization identification number issued to the Seller; 

       

      8.2.3.
        contain a notification that the Seller has granted a negative pledge to the
        Purchaser, and that any subsequent lienor may be tortuously interfering with
        Purchaser’s rights; and

       

      8.2.4.
        advises third parties that any notification of Seller’s Account Debtors will
        interfere with Purchaser’s collection rights.

       

      8.3.
        Seller hereby releases and exculpates Purchaser, its officers, employees
        and
        designees, from any liability arising under this Agreement or in furtherance
        thereof, whether of omission or commission, and whether based upon any error
        of
        judgment or mistake of law or fact, except for gross negligence and willful
        misconduct. In no event will Purchaser have any liability to Seller for lost
        profits, punitive, exemplary, speculative or other special or consequential
        damages, except for gross negligence and willful misconduct. Without limiting
        the generality of the foregoing, Seller releases Purchaser from any claims
        which
        Seller may now or hereafter have arising out of Purchaser's endorsement and
        deposit of checks issued by Seller's customers stating that they were in
        full
        payment of an Account, but issued for less than the full amount which may
        have
        been owed on the Account

       

      8.4.
        Seller authorizes Purchaser to accept, indorse and deposit on behalf of Seller
        any checks tendered by an Account Debtor “in full payment” of its obligation to
        Seller. Seller hereby waives, and agrees that it shall not assert against
        Purchaser any claim arising therefrom, irrespective of whether such action
        by
        Purchaser effects an accord and satisfaction of Seller's claims under the
        Uniform Commercial Code, or otherwise. 

       

      9.
        ACH
        Authorization.
        In
        order to satisfy any of the Obligations, Purchaser is hereby authorized by
        Seller to initiate electronic debit or credit entries through the ACH system
        to
        any deposit account maintained by Seller wherever located. 

       

      10.
        Covenants
        By Seller.
        

       

      10.1.
        Seller shall not, without the prior written consent of Purchaser in each
        instance, (a) grant any extension of time for payment of any of the Accounts,
        (b) compromise or settle any of the Accounts for less than the full amount
        thereof, (c) release in whole or in part any Account Debtor, or (d) grant
        any
        credits, discounts, allowances, deductions, return authorizations or the
        like
        with respect to any of the Accounts.

       

      10.2.
        From time to time as requested by Purchaser, at the sole expense of Seller,
        Purchaser or its designee shall have unrestricted access, during reasonable
        business hours if prior to an Event of Default and at any time if on or after
        an
        Event of Default, to all premises where the Collateral is located for the
        purposes of inspecting (and removing, if after the occurrence of an Event
        of
        Default) any of the Collateral, including Seller's books and records, and
        Seller
        shall permit Purchaser or its designee to make copies of such books and records
        or extracts therefrom as Purchaser may request. 

       

      10.3.
        Seller shall furnish to Purchaser on a monthly basis such financial statements
        and other financial information as Purchaser may from time to time request.
        All
        such financial statements shall show all material contingent liabilities
        and
        shall accurately and fairly present the results of operations and the financial
        condition of Seller at the dates and for the period indicated. Without
        limitation of the foregoing, Seller shall furnish to Purchaser the following
        statements: 

      
        
          
          

        

        
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      10.3.1.
         Income
        statements of the Seller dated as of the last day of each month, to be delivered
        within 20 days after the end of each month and certified by Seller as true,
        correct, and complete, and yearly income statements of Seller to be delivered
        within 90 days after the end of each fiscal year and certified by Seller
        as
        true, correct, and complete.

       

      10.3.2.
         Schedules
        containing the aging of accounts receivable and accounts payable of the Seller
        dated as of the last day of each month, to be delivered within 5 business
        days
        after the end of each month and certified by the Seller to be true, correct
        and
        complete.

       

      10.3.3.
         Annual
        balance sheets and financial statements from Seller within 105 days of the
        end
        of each fiscal year of the reporting party, which are true and correct in
        all
        respects, have been prepared in accordance with GAAP, and fairly present
        the
        financial condition(s) of the person(s) referred to therein as of the date(s)
        indicated. 

       

      10.3.4.
        If Seller fails to furnish or cause to be furnished promptly any report required
        above, or if Purchaser reasonably deems such reports to be unacceptable,
        Purchaser may elect (in addition to exercising any other right and remedy)
        to
        conduct an audit of all books and records of Seller and/or prepare the statement
        or statements which Seller failed to procure and deliver. Such audit shall
        be
        made and such statement or statements shall be prepared by an independent
        firm
        of certified public accountants to be selected by Purchaser. Seller shall
        pay
        all reasonable expenses of the audit and other services, which expenses shall
        be
        immediately due and payable.

       

      10.4.
        Without expense to Purchaser, Purchaser may use any of Seller's personnel,
        equipment, including computer equipment, programs, printed output and computer
        readable media, supplies and premises for the collection of Accounts and
        realization on other Collateral as Purchaser, in its sole discretion, deems
        appropriate. Seller hereby irrevocably authorizes all accountants and third
        parties to disclose and deliver to Purchaser at Seller's expense all financial
        information, books and records, work papers, management reports and other
        information in their possession relating to Seller. 

       

      10.5.
        Before sending any Invoice to an Account Debtor, Seller shall mark same with
        a
        notice of assignment as may be required by Purchaser.

       

      10.6.
        Seller shall pay when due all payroll and other taxes, and shall provide
        proof
        thereof to Purchaser in such form as Purchaser shall reasonably require.
        

       

      10.7.
        Except as is set forth in the Intercreditor Agreement by and between Seller,
        Purchaser and YA Global Investments, L.P., Seller shall not create, incur,
        assume or permit to exist any lien upon or with respect to any Collateral
        now
        owned or hereafter acquired by Seller with the sole exception of existing
        liens
        filed on Sellers equipment. 

       

      10.8.
        Seller shall maintain insurance on all insurable property owned or leased
        by
        Seller in the manner, to the extent and against at least such risks (in any
        event, including but not limited to fire and business interruption insurance)
        as
        usually maintained by owners of similar businesses and properties in similar
        geographic areas. All such insurance shall be in amounts and form and with
        insurance companies acceptable to Purchaser in its reasonable discretion.
        Seller
        shall furnish to Purchaser: (a) upon written request, any and all information
        concerning such insurance carried; (b) as requested by Purchaser, loss payee
        endorsements (or their equivalent) in favor of Purchaser. All policies of
        insurance shall provide for not less than thirty (30) day’s prior written
        cancellation notice to Purchaser. 

       

      10.9.
        Notwithstanding that Seller has agreed to pay the Misdirected Payment Fee,
        Seller shall deliver in kind to Purchaser on the next banking day following
        the
        date of receipt by Seller of the amount of any payment on account of a Purchased
        Account.

      
        
          
          

        

        
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      10.10.
        Avoidance
        Claims.

       

      10.10.1.
        Seller shall indemnify Purchaser from any loss arising out of the assertion
        of
        any Avoidance Claim and shall pay to Purchaser on demand the amount
        thereof.

       

      10.10.2.
        Seller shall notify Purchaser within two business days of it becoming aware
        of
        the assertion of an Avoidance Claim.

       

      10.10.3.
        This provision shall survive termination of this Agreement.

       

      11.
        Account
        Disputes.
        Seller
        shall notify Purchaser promptly of and, if requested by Purchaser, will settle
        all disputes concerning any Purchased Account, at Seller's sole cost and
        expense. Purchaser may, but is not required to, attempt to settle, compromise,
        or litigate (collectively, “Resolve”) the dispute upon such terms as Purchaser
        in its sole discretion deem advisable, for Seller's account and risk and
        at
        Seller's sole expense. Upon the occurrence of an Event of Default Purchaser
        may
        Resolve such issues with respect to any Account of Seller. 

       

      12.
        Representation
        and Warranties .
        Seller
        represents and warrants that: 

       

      12.1.
        It
        is fully authorized to enter into this Agreement and to perform hereunder;
        

       

      12.2.
        This Agreement constitutes the legal, valid and binding obligation of Seller,
        enforceable against Seller in accordance with its terms (except as such
        enforceability may be limited by applicable bankruptcy, insolvency,
        reorganization, moratorium or other similar laws affecting the enforcement
        of
        creditors’ rights generally); and 

       

      12.3.
        Seller is in good standing in the State of its organization.

       

      12.4.
        Each Purchased Account is and will remain:

       

      12.4.1.
        a
        bona fide existing obligation created by the sale and delivery of conforming
        goods or the rendition of services in the ordinary course of Seller’s business,
        and all underlying goods have been delivered to the Account Debtor, or all
        underlying services have been rendered by the Seller, in complete fulfillment
        of
        all of the terms and conditions of the contract relating to payment of the
        Account with the Account Debtor (a true and complete copy of which contract
        having been delivered to Purchaser if the contract is written), and the Account
        Debtor has accepted the goods or services to which the Account
        relates;

       

      12.4.2.
        denominated and payable only in United States dollars and constitutes the
        legal,
        valid and binding payment obligation of the Account Debtor, enforceable in
        accordance with its terms (except as such enforceability may be limited by
        applicable bankruptcy, insolvency, reorganization, moratorium or other similar
        laws affecting the enforcement of creditors’ rights generally);

       

      12.4.3.
        current and not past due as of the date of purchase by Purchaser, and has
        not
        been paid by or on behalf of the Account Debtor in whole or in part, and
        is not
        and will not be subject to any dispute, rescission, set-off, recoupment,
        defense
        or claim by the Account Debtor, whether relating to the price, quality,
        quantity, workmanship, delay in delivery, set off, counterclaim or otherwise,
        and the Account Debtor has not and will not claim any defense of any kind
        or
        character (other than bankruptcy or insolvency arising after the date of
        such
        sale of such account to Purchaser hereunder) against payment of such account;
        ;

       

      12.5.
        No
        Purchased Account is from a sale of goods or rendition of services to an
        entity
        which is affiliated with Seller. Each Purchased Account has resulted from
        an
“arms length” transaction with the applicable Account Debtor.

       

      12.6.
        Seller has not received notice of any actual, imminent, or threatened
        bankruptcy, insolvency, or material impairment of the financial condition
        of any
        applicable Account Debtor liable under a Purchased Account.
        Seller
        has no knowledge of any fact which would lead it to expect that, as of the
        date
        of sale of such account to Purchaser, that such Account will not be paid
        in the
        full stated amount when due.

      
        
          
          

        

        
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      Each
        representation and warranty of Seller contained in this Agreement shall be
        deemed to be made at and as of the date hereof and at and as of the date
        of each
        sale of Accounts to Purchaser hereunder.

       

      13.
        Representation
        and Warranties of Purchaser.
        Purchaser represents and warrants that:

       

      13.1 It
        is
        fully authorized to enter into this Agreement and to perform
        hereunder;

       

      13.2 This
        Agreement constitutes the legal, valid and binding obligation of Purchaser,
        enforceable against Purchaser in accordance with its terms (except as such
        enforceability may be limited by applicable bankruptcy, insolvency,
        reorganization, moratorium or other similar laws affecting the enforcement
        of
        creditors’ rights generally); and 

       

      13.3 Purchaser
        is in good standing in the State of its organization.

       

      13.4 The
        execution, delivery and performance of this Agreement has been duly authorized
        by Purchaser's Board of Directors and will not violate any law or any order
        of
        any court or government agency applicable to Purchaser, as the case may be,
        or
        the Certificate of Incorporation or Bylaws of Purchaser, and will not result
        in
        any breach of or default under, or, except as expressly provided herein,
        result
        in the creation of any encumbrance upon any of the assets of Purchaser pursuant
        to the terms of any agreement or instrument by which Purchaser or any of
        its
        assets may be bound. No approval of or filing with any governmental authority
        is
        required for Purchaser to enter into, execute or perform this
        Agreement

       

      14.
        Default.
        

       

      14.1.
        Events
        of Default.
        The
        following events will constitute an Event of Default hereunder: 

       

      14.1.1.
        A
        default or breach occurs which is not cured within any applicable grace period
        or waived in writing in the payment of any amount with respect to any
        indebtedness of Seller or any of Seller's affiliates in excess of $50,000
        individually or in the aggregate, or in the performance, observance or
        fulfillment of any provision contained in any agreement, contract, document
        or
        instrument to which Seller or any of Seller's affiliates is a party or to
        which
        any of their properties or assets are subject or bound (1) under or pursuant
        to
        which any indebtedness in excess of $50,000 individually or in the aggregate
        was
        issued, created, assumed, guaranteed or secured and such default or breach
        continues for more than any applicable grace period or permits the holder
        of any
        such indebtedness to accelerate the maturity thereof, or (2) that is between
        Seller or any of Seller's affiliates and Landry Marks or YA Global Investments
        LP or their affiliates after giving effect to any required notice or cure
        period
        thereunder,

      14.1.2.
        Seller defaults in the payment of any Obligations or in the performance of
        any
        provision hereof or of any other agreement now or hereafter entered into
        with
        Purchaser, or any warranty or representation contained herein proves to be
        false
        in any way, howsoever minor, 

       

      Seller
        or
        any guarantor of the Obligations becomes subject to any debtor-relief
        proceedings,

       

      14.1.3.
        any such guarantor fails to perform or observe any of such Guarantor's
        obligations to Purchaser or shall notify Purchaser of its intention to rescind,
        modify, terminate or revoke any guaranty of the Obligations, or any such
        guaranty shall cease to be in full force and effect for any reason whatever,
        

       

      Purchaser
        for any reason, in good faith, deems itself insecure with respect to the
        prospect of repayment or performance of the Obligations;
        

       

      14.1.4.
        Seller:

       

      
        	
              	14.1.4.1.	
                Executes
                  an assignment for the benefit of creditors, or takes any action
                  in
                  furtherance thereof; or (B) admits in writing its inability to
                  pay, or
                  fails to pay, its debts generally as they become due; or (C) as
                  a debtor,
                  files a petition, case, proceeding or other action pursuant to,
                  or
                  voluntarily seeks the benefit or benefits of, Title 11 of the United
                  States Code as now or hereafter in effect or any other federal,
                  state or
                  local law, domestic or foreign, as now or hereafter in effect relating
                  to
                  bankruptcy, insolvency, liquidation, receivership, reorganization,
                  arrangement, composition, extension or adjustment of debts, or
                  similar
                  laws affecting the rights of creditors (Title 11 of the United
                  States Code
                  and such other laws being herein called "Debtor
                  Relief Laws"),
                  or takes any action in furtherance thereof; or (D) seeks the appointment
                  of a receiver, trustee, custodian or liquidator of the Project
                  or any part
                  thereof or of any significant portion of its other property;
                  or

              

      

       

      
        
           

        

        
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              	14.1.4.2.	
                Suffers
                  the filing of a petition, case, proceeding or other action against
                  it as a
                  debtor under any Debtor Relief Law or seeking appointment of a
                  receiver,
                  trustee, custodian or liquidator of the Collateral or any part
                  thereof or
                  of any significant portion of its other property, and (A) admits,
                  acquiesces in or fails to contest diligently the material allegations
                  thereof, or (B) the petition, case, proceeding or other action
                  results in
                  entry of any order for relief or order granting relief sought against
                  it,
                  or (C) in a proceeding under Debtor Relief Laws, the case is converted
                  from one chapter to another, or (D) fails to have the petition,
                  case,
                  proceeding or other action permanently dismissed or discharged
                  on or
                  before the earlier of trial thereon or sixty (60) days next following
                  the
                  date of its filing; or

              

      

       

      
        	
              	14.1.4.3.	
                Conceals,
                  removes, or permits to be concealed or removed, any part of its
                  property,
                  with intent to hinder, delay or defraud its creditors or any of
                  them, or
                  makes or suffers a transfer of any of its property which may be
                  fraudulent
                  under any bankruptcy, fraudulent conveyance or similar law; or
                  makes any
                  transfer of its property to or for the benefit of a creditor at
                  a time
                  when other creditors similarly situated have not been paid; or
                  suffers or
                  permits, while insolvent, any creditor to obtain a lien upon any
                  of its
                  property through legal proceedings which are not vacated and such
                  lien
                  discharged prior to enforcement thereof and in any event within
                  sixty (60)
                  days from the date thereof; or

              

      

       

      
        	
              	14.1.4.4.	
                Fails
                  to have discharged within a period of ten (10) days any attachment,
                  sequestration, or similar writ levied upon any of its property;
                  or

              

      

       

      
        	
              	14.1.4.5.	
                Fails
                  to pay any final money judgment against it; provided
                  that,
                  Seller shall have the opportunity to cure such non-payment within
                  five (5)
                  business days after such default..

              

      

       

      14.2.
        Notice.
        SELLER WAIVES ANY REQUIREMENT THAT PURCHASER INFORM SELLER BY AFFIRMATIVE
        ACT OR
        OTHERWISE OF ANY ACCELERATION OF SELLER’S OBLIGATIONS HEREUNDER. FURTHER,
        PURCHASER'S FAILURE TO CHARGE OR ACCRUE INTEREST OR FEES AT ANY “DEFAULT” OR
“PAST DUE” RATE SHALL NOT BE DEEMED A WAIVER BY PURCHASER OF ITS CLAIM THERETO.

       

      14.3.
        Effect
        of Default.
        

       

      14.3.1.
        Upon the occurrence of any Event of Default, in addition to any rights Purchaser
        has under this Agreement or applicable law, Purchaser may immediately terminate
        this Agreement, at which time all Obligations shall immediately become due
        and
        payable without notice. 

       

      15.
        Account
        Stated.
        From
        time to time during the term of this Agreement, Purchaser may render to Seller
        a
        statement setting forth the transactions arising hereunder. Each statement
        shall
        be considered correct and binding upon Seller as an account stated, except
        to
        the extent that Purchaser receives, within ten (10) days after the mailing
        of
        such statement, written notice from Seller of any specific exceptions by
        Seller
        to that statement, and then it shall be binding against Seller as to any
        items
        to which it has not objected. 

      
        
          
          

        

        
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      16.
        Waiver.
        No
        failure to exercise and no delay in exercising any right, power, or remedy
        hereunder shall impair any right, power, or remedy which Purchaser may have,
        nor
        shall any such delay be construed to be a waiver of any of such rights, powers,
        or remedies, or any acquiescence in any breach or default hereunder; nor
        shall
        any waiver by Purchaser of any breach or default by Seller hereunder be deemed
        a
        waiver of any default or breach subsequently occurring. All rights and remedies
        granted to Purchaser hereunder shall remain in full force and effect
        notwithstanding any single or partial exercise of, or any discontinuance
        of
        action begun to enforce, any such right or remedy. The rights and remedies
        specified herein are cumulative and not exclusive of each other or of any
        rights
        or remedies that Purchaser would otherwise have. Any waiver, permit, consent
        or
        approval by Purchaser of any breach or default hereunder must be in writing
        and
        shall be effective only to the extent set forth in such writing and only
        as to
        that specific instance. 

       

      17.
        Termination;
        Effective Date.
        

       

      17.1.
        This Agreement will be effective when accepted by Purchaser and shall be
        further
        annually extended automatically unless Seller shall indicate its intention
        to
        terminate at least thirty days prior to the next annual anniversary date
        hereof,
        whereupon this Agreement shall terminate on such anniversary date
        hereof.

       

      17.2.
        Purchaser may terminate this Agreement at any time upon giving Seller at
        least
        thirty (30) days prior written notice of termination, whereupon this Agreement
        shall terminate on the earlier date of the date set forth in such written
        notice
        or on the anniversary date hereof.

       

      17.3.
        Purchaser
        may, at its election, terminate this Agreement immediately and without the
        requirement of notice to Seller upon an Event of Default hereunder.

       

      17.4.
        Upon
        termination, Seller shall pay the Obligations to Purchaser, and Purchaser
        shall
        not purchase any Accounts from Seller.
        Termination of this Agreement shall not affect the rights and obligations
        of the
        parties hereunder with respect to transactions occurring on or prior to the
        date
        of such termination, and this Agreement shall continue to govern the rights
        and
        obligations of the parties hereto with respect to accounts purchased by
        Purchaser from
        Seller on or prior to the date of such termination. All security interests
        granted or contemplated by this Agreement shall survive the termination of
        this
        Agreement until all amounts payable to Purchaser with
        respect to transactions occurring on or prior to the date of termination
        have
        been paid to Purchaser, and Seller has performed all its obligations to
        Purchaser with respect to such transactions and all obligations under this
        Agreement including but not limited to payment of any fees owing
        hereunder.

       

      18.
        Amendment.
        Neither
        this Agreement nor any provisions hereof may be changed, waived, discharged
        or
        terminated, nor may any consent to the departure from the terms hereof be
        given,
        orally (even if supported by new consideration), but only by an instrument
        in
        writing signed by all parties to this Agreement. Any waiver or consent so
        given
        shall be effective only in the specific instance and for the specific purpose
        for which given. 

       

      19.
        No
        Lien Termination without Release.
        In
        recognition of the Purchaser's right to have its attorneys' fees and other
        expenses incurred in connection with this Agreement secured by the Collateral,
        notwithstanding payment in full of all Obligations by Seller, Purchaser shall
        not be required to record any terminations or satisfactions of any of
        Purchaser's liens on the Collateral unless and until Seller has executed
        and
        delivered to Purchaser a general release in the form of Exhibit A hereto.
        Seller
        understands that this provision constitutes a waiver of its rights under
§9-513
        of the UCC.
        

       

      20.
        Conflict.
        Unless
        otherwise expressly stated in any other agreement between Purchaser and Seller,
        if a conflict exists between the provisions of this Agreement and the provisions
        of such other agreement, the provisions of this Agreement shall control.
        

       

      21.
        Survival.
        All
        representations, warranties and agreements of Seller herein contained shall
        be
        effective so long as any portion of this Agreement remains
        executory.

      
        
          
          

        

        
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      22.
        Severability.
        In the
        event any one or more of the provisions contained in this Agreement is held
        to
        be invalid, illegal or unenforceable in any respect, then such provision
        shall
        be ineffective only to the extent of such prohibition or invalidity, and
        the
        validity, legality, and enforceability of the remaining provisions contained
        herein shall not in any way be affected or impaired thereby. 

       

      23.
        Enforcement.
        This
        Agreement and all agreements relating to the subject matter hereof is the
        product of negotiation and preparation by and among each party and its
        respective attorneys, and shall be construed accordingly. 

       

      24.
        Relationship
        of Parties.
        The
        relationship of the parties hereto shall be that of Seller and Purchaser
        of
        Accounts, and Purchaser shall not be a fiduciary of the Seller, although
        Seller
        may be a fiduciary of the Purchaser.

       

      25.
        Attorneys
        Fees.
        Seller
        agrees to reimburse Purchaser within five (5) business days from on demand
        for:

       

      25.1.
        the
        actual amount of all costs and expenses, including attorneys' fees, which
        Purchaser has incurred or may incur in: 

       

      25.1.1.
        negotiating, preparing, or administering this Agreement and any documents
        prepared in connection herewith, all of which shall be paid contemporaneously
        with the execution hereof; 

       

      25.1.2.
        any way arising out of this Agreement; 

       

      25.1.3.
        protecting, preserving or enforcing any lien, security interest or other
        right
        granted by Seller to Purchaser or arising under applicable law, whether or
        not
        suit is brought, including but not limited to the defense of any Avoidance
        Claims; 

       

      25.2.
        the
        actual costs, including photocopying (which, if performed by Purchaser's
        employees, shall be at the rate of $.10/page), travel, and attorneys' fees
        and
        expenses incurred in complying with any subpoena or other legal process
        attendant to any litigation in which Seller is a party;

       

      25.3.
        The
        actual amount of all costs and expenses, including attorneys' fees, which
        Purchaser may incur in enforcing this Agreement and any documents prepared
        in
        connection herewith, or in connection with any federal or state insolvency
        proceeding commenced by or against Seller, including those (i) arising out
        the
        automatic stay, (ii) seeking dismissal or conversion of the bankruptcy
        proceeding or (ii) opposing confirmation of Seller's plan thereunder.

       

      26.
        Entire
        Agreement.
        This
        Agreement supersedes all other agreements and understandings between the
        parties
        hereto, verbal or written, express or implied, relating to the subject matter
        hereof. No promises of any kind have been made by Purchaser or any third
        party
        to induce Seller to execute this Agreement. No course of dealing, course
        of
        performance or trade usage, and no parole evidence of any nature, shall be
        used
        to supplement or modify any terms of this Agreement. 

       

      27.
        Choice
        of Law.
        This
        Agreement and all transactions contemplated hereunder and/or evidenced hereby
        shall be governed by, construed under, and enforced in accordance with the
        internal laws of the Chosen State.

       

      28.
        JURY
        TRIAL WAIVER.
        IN
        RECOGNITION OF THE HIGHER COSTS AND DELAY WHICH MAY RESULT FROM A JURY TRIAL,
        THE PARTIES HERETO WAIVE ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND,
        ACTION
        OR CAUSE OF ACTION (A) ARISING HEREUNDER, OR (B) IN ANY WAY CONNECTED WITH
        OR
        RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM
        WITH
        RESPECT HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND
        WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY FURTHER
        WAIVES
        ANY RIGHT TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED
        WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED;
        AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION
        OR
        CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT
        ANY
        PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH
        ANY
        COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER
        OF
        THEIR RIGHT TO TRIAL BY JURY.

      
        
          
          

        

        
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      29.
        Venue;
        Jurisdiction.  Governing
        Law; Venue; Submission to Jurisdiction.
        THIS
        AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
        OF THE
        STATE OF TEXAS WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICTS OF LAWS
        THEREOF, EXCEPT TO THE EXTENT PERFECTION AND THE EFFECT OF PERFECTION OR
        NON-PERFECTION OF THE SECURITY INTEREST GRANTED HEREUNDER, IN RESPECT OF
        ANY
        PARTICULAR COLLATERAL, ARE GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN
        THE
        STATE OF TEXAS. THIS AGREEMENT IS PERFORMABLE BY THE PARTIES IN DALLAS COUNTY,
        TEXAS. SELLER AND PURCHASER EACH AGREE THAT DALLAS COUNTY, TEXAS SHALL BE
        THE
        EXCLUSIVE VENUE FOR LITIGATION OF ANY DISPUTE OR CLAIM ARISING UNDER OR RELATING
        TO THIS AGREEMENT, AND THAT SUCH COUNTY IS A CONVENIENT FORUM IN WHICH TO
        DECIDE
        ANY SUCH DISPUTE OR CLAIM. SELLER AND PURCHASER EACH CONSENT TO THE PERSONAL
        JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN DALLAS COUNTY, TEXAS
        FOR
        THE LITIGATION OF ANY SUCH DISPUTE OR CLAIM. SELLER IRREVOCABLY WAIVES, TO
        THE
        FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER
        HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A
        COURT
        AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT
        IN AN INCONVENIENT FORUM

       

      30.
        Assignment.
        Purchaser may assign its rights and delegate its duties hereunder. Upon such
        assignment, Seller shall be deemed to have attorned to such assignee and
        shall
        owe the same obligations to such assignee and shall accept performance hereunder
        by such assignee as if such assignee were Purchaser. This Agreement is not
        assignable by Seller, unless consented to in writing by Purchaser. 

       

      31.
        Indemnification.
        Seller
        agrees to indemnify, defend and hold the Indemnified Persons (hereinafter
        defined) harmless from and against any and all loss, liability, obligation,
        damage, penalty, judgment, claim, deficiency and expense (including interest,
        penalties, attorneys’ fees and amounts paid in settlement) owing to any third
        party to which any Indemnified Person may become subject arising out of or
        based
        upon this Agreement as well as any prior relationship of Seller with any
        Indemnified Person, whether
        by alleged or actual negligence of any Indemnified Person,
        except
        and to the extent caused by the gross negligence or willful misconduct of
        any
        Indemnified Person. Where used herein, the term “Indemnified Persons” shall mean
        Purchaser and its partners, officers, members, employees, attorneys,
        representatives, agents, affiliates, successors and assigns.

       

      Waiver
        and Release.
        Seller,
        by its execution of this Agreement, does hereby covenant, warrant and represent
        that (i) Seller is not in default and no default exists under any prior
        agreements or transactions with Purchaser, (ii) Seller releases, relinquishes
        and waives any and all defenses to the enforceability of any prior agreements
        or
        transactions with Purchaser in connection therewith to which Seller may have
        otherwise been entitled as of the date hereof, (iii) Seller relinquishes,
        waives
        and releases Purchaser from any and all claims known or unknown which Seller
        may
        or might have against Purchaser arising directly or indirectly out of or
        from
        any prior agreements or transactions between Seller and Purchaser, (iv) the
        benefit received and to be received by Seller as a result of this Agreement
        shall and does constitute sufficient and valuable consideration to Seller
        for
        entering into and performing its obligations under this Agreement, (v) the
        execution, delivery and performance by Seller of this Agreement and the
        consummation of the transaction contemplated thereby are (a) not prohibited
        by
        any indenture, contract or agreement, law or corporate or partnership documents,
        including, but not limited to the Bylaws and Articles of Incorporation or
        Certificate of Incorporation, as the case may be, if Seller is a corporation,
        or
        Seller’s partnership agreement, if Seller is a partnership, (b) duly authorized
        by appropriate action of Seller, and (c) legally valid and binding obligations
        of Seller and will continue to be such and enforceable against the Seller
        according to their terms (except as such enforceability may be limited by
        applicable bankruptcy, insolvency, reorganization, moratorium or other similar
        laws affecting the enforcement of creditors' rights generally), (vi) that
        this
        Agreement will be executed and delivered by properly authorized officers
        of
        Seller, (vii) Purchaser has no obligation to continue the prior agreements
        or
        enter into this Agreement except for the considerations herein expressed,
        and
        (viii) the representations and warranties set forth herein will survive the
        execution and delivery of this Agreement.

      
        
          
          

        

        
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      32.
        Notice. 

       

      32.1.
        All
        notices required to be given to any party other than Purchaser shall be deemed
        given upon the first to occur of (i) deposit thereof in a receptacle under
        the
        control of the United States Postal Service, (ii) deposit with a nationally
        recognized overnight courier (such as Federal Express, Airborne, or a similar
        courier), or (iii) actual receipt by such party or an employee or agent of
        such
        party. 

       

      32.2.
        All
        notices to Purchaser hereunder shall be deemed given upon actual receipt
        by one
        of the following officers of Purchaser: Tolbert Marks or Thomas Landry. For
        the
        purposes hereof, notices hereunder shall be sent to the addresses hereafter,
        or
        to such other addresses as each such party may in writing hereafter indicate.
        

       

      32.3.
        Counterparts.
        This
        Agreement may be signed in any number of counterparts, each of which shall
        be an
        original, with the same effect as if all signatures were upon the same
        instrument. Delivery of an executed counterpart of the signature page to
        this
        Agreement by facsimile shall be effective as delivery of a manually executed
        counterpart of this Agreement, and any party delivering such an executed
        counterpart of the signature page to this Agreement by facsimile to any other
        party shall thereafter also promptly deliver a manually executed counterpart
        of
        this Agreement to such other party, provided that the failure to deliver
        such
        manually executed counterpart shall not affect the validity, enforceability,
        or
        binding effect of this Agreement.

       

      33.
        True
        Sales.
        Seller
        and Purchaser acknowledge and agree that the sale of accounts contemplated
        and
        covered hereby are fully intended by the parties hereto as true sales governed
        by the provisions of Section 306.103 of the Texas Finance Code and Section
        9.109(e) of the Texas Business and Commerce Code, as each may be amended
        from
        time to time, and, accordingly, legal and equitable title in all of Seller’s
        accounts sold to and purchased by Purchaser from time to time hereunder will
        pass to Purchaser.

       

      34.
        Proprietary
        Information. Except
        as
        to the extent required by law, each of the parties agrees that it will not
        disclose, and will not include in any public announcement, the name of the
        other
        party, unless expressly agreed to by the other party or unless and until
        such
        disclosure is required by law or applicable regulation, and then only to
        the
        extent agreed to or required. Neither party shall disclose or cause to be
        disclosed (i) any proprietary information concerning each other, including,
        without limitation, any information regarding actual or potential investments,
        valuations, financial information, trade secrets and the like which is
        proprietary in nature and non-public, (collectively, “Proprietary
        Information”),
        (ii)
        the terms and provisions of this Agreement, or (iii) the existence or content
        of
        any consent or other action pursuant to this Agreement to any other person,
        except as otherwise required by any regulatory authority, law or regulation,
        or
        by legal process, without the prior written consent of the other party.

       

      35.
        Securities
        Laws Compliance.
        Purchaser
        acknowledges that United States securities laws and the rules and regulations
        promulgated thereunder prohibit any person with material, non-public information
        about a company from purchasing, selling, trading or entering into options,
        puts, calls or other derivatives in respect of securities of such issuer
        or from
        communicating such information to any other person or entity. The undersigned
        agrees not to engage in any such transactions in the securities of Seller
        on the
        basis of such information, not to “tip” or otherwise disclose to any such person
        or entity such information, and to comply with applicable laws with respect
        to
        the Proprietary
        Information or other confidential
        information.

       

      36.
        No
        Solicitation of Employees.
        Each
        Party covenants that for a period of one(1) year following the date of this
        Agreement, such Party will not, directly or indirectly, solicit for employment
        or hire any employee of the other Party or any of the other Party’s subsidiaries
        with whom such Party has had contact or who became known to such Party in
        connection with this Agreement and the transactions contemplated herein;
        provided, however, that the foregoing provision will not prevent either Party
        from employing any such person who contacts such Party on his or her own
        initiative without any direct or indirect solicitation by or encouragement
        from
        the Party.

      
        
          
          

        

        
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      IN
        WITNESS WHEREOF, the Parties have executed this agreement on the day and
        year
        first above written.

       

      
        	
                SELLER:

              	TXP
                CORPORATION,
                a
                Nevada corporation
	 	 	 
	 	
                By:

              	
                /s/
                  Michael C. Shores

              
	 	 	
                Michael
                  C. Shores, President and CEO

              
	 	 	 
	
                PURCHASER:

              	
                LANDRY
                  MARKS PARTNERS LP,
                  a
                  Texas limited

                partnership

              
	 	 	 
	 	
                By:

              	
                Landry
                  Marks GP LLC, a Texas limited liability company, its General
                  Partner

              
	 	 	 
	 	
                By:

              	
                /s/
                  Tolbert B. Marks

              
	 	 	
                Tolbert
                  B. Marks, Manager

              
	 	 	 
	 	
                Address:

              	
                8401
                  North Central Expressway, Suite 850

              
	 	 	
                Dallas,
                  Texas 75225

              

      

       

      
        
          
          

        

        
          Page
            14
            of 15

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        A

       

      GENERAL
        RELEASE

       

      FOR
        GOOD
        AND VALUABLE CONSIDERATION, the receipt and adequacy of which are hereby
        acknowledged, the undersigned and each of them (collectively “Releasor”) hereby
        forever releases, discharges and acquits Landry Marks Partners LP.
        (“Releasee”), its parent, directors, partners, agents and employees, of and from
        any and all claims of every type, kind, nature, description or character,
        and
        irrespective of how, why, or by reason of what facts, whether heretofore
        existing, now existing or hereafter arising, or which could, might, or may
        be
        claimed to exist, of whatever kind or name, whether known or unknown, suspected
        or unsuspected, liquidated or unliquidated, each as though fully set forth
        herein at length, to the extent that they arise out of or are in way connected
        to or are related to that certain Factoring and Security Agreement dated
        August
        13, 2008 

       

      Releasor
        agrees that the matters released herein are not limited to matters which
        are
        known or disclosed.

       

      Releasor
        acknowledges that factual matters now unknown to it may have given or may
        hereafter give rise to Claims which are presently unknown, unanticipated
        and
        unsuspected, and it acknowledges that this Release has been negotiated and
        agreed upon in light of that realization and that it nevertheless hereby
        intends
        to release, discharge and acquit the Releasee from any such unknown Claims.
        

       

      Acceptance
        of this Release shall not be deemed or construed as an admission of liability
        by
        any party released. 

       

      Releasor
        acknowledges that either (a) it has had advice of counsel of its own choosing
        in
        negotiations for and the preparation of this release, or (b) it has knowingly
        determined that such advise is not needed. 

       

      DATED:
               

       

      
        	
                Individual
                  Releasor:

              	                 
                
	 	
                [Name
                  of individual],
                  individually

              
	 	 
	
                Entity
                  Releasor:

              	
                By:
                  

              	           
                
	 	
                Name:
                  

              	         

	 	
                Title:
                  

              	            
                

      

       

      
        
          
          

        

        
          Page
            15
            of 15INTERCREDITOR
      AND SUBORDINATION AGREEMENT

    

    This INTERCREDITOR
      AND SUBORDINATION AGREEMENT (this “Agreement”) is made effective as of August
      13, 2008 by and among
      TXP CORPORATION,
      a Nevada
      corporation (the “Borrower”), LANDRY
      MARKS LP,
      a Texas
      limited partnership (“Landry Marks”), and
      YA GLOBAL INVESTMENTS, L.P.,
      (formerly known as Cornell Capital Partners, LP), a Cayman Islands exempted
      limited partnership (“YA Global”), and
      all
      other parties as Creditors or participants who may now or hereinafter join
      in
      and consent to the terms and conditions of this Agreement and do thereby agree
      to be bound by this Agreement in respect of the terms hereof.

    

    RECITALS

    

    A. Landry
      Marks and the Borrower are parties to the Landry Marks Credit Documents (as
      hereinafter defined).

    

    B. YA
      Global
      and the Borrower are parties to the YA Global Credit Documents (as hereinafter
      defined).

    

    C. Notwithstanding
      use of the terms “Landry Marks Collateral,” “Landry Marks Credit Agreement,”
“Landry Marks Credit Documents,” “Borrower” and “Creditor” used herein, it is
      the intention of all parties to this Agreement that the determination as to
      whether Landry Marks has purchased or financed the Factored Receivables will
      be
      made in accordance with the terms of the Factoring and Security Agreement and
      Texas law. 

    

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

    

    1. DEFINITIONS

    

    When
      used
      in this Agreement, the following capitalized terms will have the meanings
      hereinafter set forth:

     

    “Accounts
      Receivable”
shall
      mean all accounts and other receivables, instruments or other forms of
      obligations and rights to payment of the Borrower (herein collectively referred
      to as “Accounts”), together with the proceeds thereof, all goods, and inventory
      represented by such Accounts and all such goods, and inventory that may be
      returned by the Borrower’s customers, and all proceeds of any insurance thereon,
      and all guarantees, securities and liens which Borrower may hold for the payment
      of any such Accounts including, without limitation, all rights of stoppage
      in
      transit, replevin and reclamation and as an unpaid vendor and/or lienor, all
      of
      which Borrower represents and warrants will be bona fide and existing
      obligations of its respective customers, arising out of the sale of goods,
      services or inventory by Borrower in the ordinary course of
      business.

     

    “Borrower”
shall
      have the meaning set forth in the preamble to this Agreement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Collateral”
shall
      mean, as the context requires, any assets of the Borrower pledged to one of
      the
      Creditors pursuant to the Credit Documents.

     

    “Credit
      Agreements”
refers
      to, singularly or collectively, as the context requires, the YA Global Credit
      Agreements and the Landry Marks Credit Agreements.

     

    “Credit
      Documents”
refers
      to, singularly or collectively, as the context requires, the YA Global Credit
      Documents and the Landry Marks Credit Documents.

     

    “Credit
      Facilities”
refers
      collectively to (a) the loans evidenced by the YA Global Credit Documents and
      (b) the purchase facility evidenced by the Landry Marks Credit
      Documents.

     

    “Creditors”
shall
      mean Landry Marks and YA Global, as Creditors, their successors and assigns,
      and
      all other parties as Creditors under the respective Credit
      Agreements.

     

    “Default
      or Event of Default”
shall
      mean any event, condition, omission, or act, upon the occurrence of which a
      Creditor has the right, under its respective Credit Documents, to exercise
      rights and remedies provided therein, including commencement of an enforcement
      action with respect to all or any portion of the Collateral securing such
      Creditor’s Credit Facility.

     

    “Distribution”
means,
      with respect to any indebtedness, (a) any payment or distribution by any person
      of cash, securities or other property, by set-off or otherwise, on account
      of
      such indebtedness or obligation, (b) any redemption, purchase or other
      acquisition of such indebtedness or obligation by any person or (c) the granting
      of any lien or security interest to or for the benefit of the holders of such
      indebtedness or obligation in or upon any property of any person.

     

    “Factored
      Receivables”
shall
      mean collectively, (i) those specific Accounts Receivable of the Borrower
      that have been purchased by Landry Marks pursuant to, and in accordance with,
      the Landry Marks Credit Documents, and (ii) to the extent that the Landry
      Marks Credit Documents and/or the transactions contemplated therein are
      interpreted as a loan as opposed to a true sale, then those specific Accounts
      Receivable of the Borrower which were financed by Landry Marks pursuant to
      the
      Landry Marks Credit Documents.

     

    “Landry
      Marks”
shall
      have the meaning set forth in the preamble to this Agreement.

     

    “Landry
      Marks Collateral”
refers
      to all Accounts Receivable, including Factored Receivables.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Landry
      Marks Credit Agreement”
refers
      to the agreement listed on Schedule 1
      to this
      Agreement, as such agreement may, from time to time, be amended, restated or
      modified.

     

    “Landry
      Marks Credit Documents”
refers
      collectively to the Landry Marks Credit Agreement and any and all other
      documents which evidence or secure the obligations of the Borrower under the
      Landry Marks Credit Agreement.

     

    “Landry
      Marks Debt”
means
      all obligations, liabilities and indebtedness of every nature of Borrower from
      time to time owed to Landry Marks under the Landry Marks Credit Documents,
      including, without limitation, the principal amount of all debts, claims and
      indebtedness, accrued and unpaid interest and all fees, costs and expenses,
      whether primary, secondary, direct, contingent, fixed or otherwise, heretofore,
      now and from time to time hereafter owing, due or payable, whether before or
      after the filing of a Proceeding together with (a) any amendments,
      modifications, renewals or extensions thereof to the extent not prohibited
      by
      the terms of this Agreement and (b) any interest accruing thereon, and fees
      and
      expenses incurred, after the commencement of a Proceeding, without regard to
      whether or not such interest, fees and expenses are an allowed
      claim.

     

    “Lien”
means,
      relative to any asset of the Borrower, any mortgage, deed of trust, lien
      (statutory or otherwise), pledge, charge, security interest, assignment, deposit
      arrangement, priority, title retention device, encumbrance, trust or other
      preferential arrangement intended as security in respect of such asset given
      by
      the Borrower to any Creditor.

     

    “Person”
shall
      mean any individual, corporation, limited liability company, partnership, trust,
      unincorporated association, business, or other legal entity, and any government
      or any governmental agency or political subdivision thereof.

     

    “Proceeding”
means
      any voluntary or involuntary insolvency, bankruptcy, receivership,
      custodianship, liquidation, dissolution, reorganization, assignment for the
      benefit of creditors, appointment of a custodian, receiver, trustee or other
      officer with similar powers or any other proceeding for the liquidation,
      dissolution or other winding up of a person.

     

    “Proceeds”
shall
      have
      the
      meaning assigned to it under the Uniform Commercial Code in effect in the State
      of Texas (the “Code”),
      shall
      also include “products” (as defined in the Code), and, in any event, shall
      include, but not be limited to (a) any and all payments (in any form
      whatsoever) made or due and payable to the owner of any of the Accounts
      Receivable from time to time and (b) any and all other amounts from time to
      time paid in connection with any of the Accounts Receivable.

     

    “YA
      Global”
shall
      have the meaning set forth in the preamble to this Agreement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “YA
      Global Collateral”
means,
      collectively, substantially all of the personal property of Borrower, and all
      other Collateral that has been or will be pledged to YA Global pursuant to
      the
      YA Global Credit Documents and includes, without limitation, but subject to
      the
      terms of this Agreement, the Factored Receivables and other Accounts
      Receivable.

     

    “YA
      Global Credit Agreements”
refers
      collectively to the agreements identified on Schedule 2
      of this
      Agreement, as such agreements may, from time to time, be amended, restated
      or
      modified.

     

    “YA
      Global Credit Documents”
refers
      collectively to the YA Global Credit Agreements and any and all other documents
      which evidence or secure the obligations of the Borrower under the YA Global
      Credit Agreements.

    

    2. COLLATERAL
      AND SUBORDINATION

    

    (a) Collateral.

    

    (i) YA
      Global
      agrees that upon purchase of a Factored Receivable by Landry Marks from the
      Borrower in accordance with the terms of the Landry Marks Credit Documents,
      then
      YA Global agrees that such Factored Receivable shall be released from, and
      shall
      be transferred to Landry Marks free and clear of, YA Global’s Liens without
      further release or other action by YA Global, Landry Marks, or the Borrower.
      Notwithstanding the foregoing, if a court of final, nonappealable jurisdiction
      determines that Landry Marks has financed, as opposed to purchased, the Factored
      Receivables, then no such release will be deemed to have occurred and
      notwithstanding the time, order, method, or manner of granting, or perfection
      of
      any security interest or lien, the time of filing or recording of any financing
      statements, assignments, deeds of trust, mortgages, or any other documents,
      instruments, or agreements under the UCC or any other applicable law and any
      provision of the UCC or any other applicable law to the contrary, the Creditors
      hereby agree:

     

    A. Landry
      Marks shall have a first priority security interest in and Lien upon all
      Accounts Receivable, including all Factored Receivables; and 

    

    B. Subject
      to the standstill set forth in Section 2(a)(ii)
      and
Section 9
      hereof,
      YA Global shall have a second priority security interest in and Lien upon all
      Factored Receivables and other Accounts Receivable.

    YA
      Global
      and Landry Marks further agree that with respect to Collateral other than
      Accounts Receivable:

    

    A. YA
      Global
      shall have a first priority security interest in and Lien(s) upon all other
      YA
      Global Collateral; and

    

    B. Landry
      Marks shall not have, and shall not accept or acquire, a security interest
      or
      Lien in any assets of Borrower other than the Landry Marks
      Collateral.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (ii) YA
      Global.
      YA
      Global agrees that at all times to the extent YA Global has any Liens in and
      to
      any Accounts Receivable, such Liens shall remain subordinate to the Liens in
      favor of Landry Marks. YA Global agrees that notwithstanding anything contained
      in any YA Global Credit Documents to the contrary, until the final and
      indefeasible payment of all indebtedness and other obligations owing from
      Borrower to Landry Marks, YA Global shall not exercise any remedies or otherwise
      take any actions related in any way to its subordinate liens in all Accounts
      Receivable. YA Global agrees that it will not contest or challenge the
      characterization of the acquisition of Factored Receivables from Borrower by
      Landry Marks as a true sale transaction.

    

    (iii) Landry
      Marks.
      Landry
      Marks acknowledges and agrees that it will only purchase from Borrower Accounts
      Receivable in connection with its Credit Documents and to the extent such Credit
      Documents are interpreted as a loan as opposed to a true sale, that to secure
      the obligations of Borrower under its Credit Documents it will only claim a
      first priority Lien against and security interest in the Factored Receivables
      and all other Accounts Receivable. Landry Marks agrees that notwithstanding
      anything contained in any Landry Marks Credit Documents to the contrary, until
      the final and indefeasible payment of all indebtedness and other obligations
      owing from Borrower to YA Global, Landry Marks shall not exercise any remedies
      or otherwise take any actions related in any way against any assets of the
      Borrower except for the Landry Marks Collateral.

    

    (iv) Reserved.

    

    (v) Accounts
      Receivable.
      Notwithstanding the Liens and security interest in favor of YA Global, each
      of
      Borrower, Landry Marks and YA Global acknowledge and agree that so long as
      no
      Default or Event of Default then exists under the Landry Marks Credit Documents,
      and all reserve accounts (described in the Landry Marks Credit Documents) are
      fully funded and following application thereof to payments on delinquent
      Factored Receivables, each in accordance with the Landry Marks Credit Documents,
      Landry Marks shall, deliver the remaining purchase price not applied or credited
      as set forth above or in the Landry Marks Credit Documents to be paid for any
      Factored Receivables purchased by Landry Marks pursuant to the Landry Marks
      Credit Documents as directed in that certain direction letter from Borrower
      to
      Landry Marks attached hereto as Exhibit “B”
      (the
“Direction
      Letter”).
      In
      addition, Landry Marks agrees that any amounts actually paid to Borrower for
      the
      acquisition of Accounts Receivable as described in Section
      2.1.4
      of the
      Landry Marks Credit Agreement in excess of the $1,250,000 described in the
      Direction Letter shall be advanced to Borrower’s account specified on
Exhibit
      “A”
      attached
      hereto, unless otherwise specified in writing to Landry Marks by Borrower and
      YA
      Global. Borrower and YA Global acknowledge and agree that Landry Marks shall
      be
      entitled to and may retain all Proceeds of all Accounts Receivable for
      application to the Landry Marks Debt pursuant to the Landry Marks Credit
      Documents. Upon full and final payment, in good and collected funds, of the
      Landry Marks Debt, and any obligation or right of Landry Marks to purchase
      further Accounts Receivable under the Landry Marks Credit Documents has been
      terminated, Landry Marks agrees to re-assign any Accounts Receivables to the
      Borrower, and remit any remaining Proceeds received by Landry Marks related
      thereto to the Borrower’s account specified on Exhibit
      “A”
      attached
      hereto. Each of Borrower and YA Global acknowledge and agree that,
      notwithstanding the Direction Letter, in accordance with the Landry Marks Credit
      Documents, Landry Marks has no obligation or commitment to finance or otherwise
      purchase any Accounts Receivable from Borrower, and any such purchase shall
      be
      subject, in all respects, to approval by Landry Marks in its sole discretion;
      provided, however, that if and when Landry Marks actually finances or otherwise
      purchases any Account Receivable from Borrower in accordance with the Landry
      Marks Credit Documents, the related purchase price (following application in
      accordance with the Landry Marks Credit documents, including, without
      limitation, application to credit reserve accounts or pay for delinquent
      Accounts Receivable or otherwise) to be delivered to the Borrower shall, if
      applicable, be delivered in accordance with Borrower’s directions set forth in
      the Direction Letter.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (b) Option
      to Purchase.
      Following the occurrence of any Event of Default under the Landry Marks Credit
      Documents and/or the YA Global Credit Documents, YA Global shall have the right
      (but not the obligation), in its sole discretion, to purchase all, but not
      less
      than all, of Landry Marks’ right, title and interest in and to the Landry Marks
      Debt and the Landry Marks Credit Documents, and Landry Marks agrees that in
      such
      circumstances it shall sell to YA Global all of its right, title and interest
      in
      and to the Landry Marks Debt and the Landry Marks Credit Documents, for cash
      consideration in an amount equal to the outstanding principal amount of the
      Landry Marks Debt plus accrued and unpaid interest thereon, including, without
      limitation, all interest at the default rate as provided in the Landry Marks
      Credit Documents, plus all other amounts due and owing under the Landry Marks
      Credit Documents, including, without limitation, the payment all reasonable
      fees
      and expenses due thereon (collectively, the “Purchased
      Interests”).
      To
      exercise such option, Landry Marks must receive irrevocable notice from YA
      Global (the “Exercise
      Notice”)
      of its
      intention to exercise the purchase option granted hereby. Notwithstanding
      anything in this Section to the contrary or in conflict, Landry Marks shall
      be
      entitled to commence exercising its remedies with respect to any Default or
      Event of Default at any time, irrespective of whether YA Global has delivered
      the Exercise Notice. The parties agree that the closing of the acquisition
      by YA
      Global of the Purchased Interests pursuant to its rights in this Section
      2(b)
      shall be
      consummated no later than ten (10) business days following delivery of the
      Exercise Notice by the execution of customary assignment documents transferring
      the Landry Marks Debt and Landry Marks Credit Documents and the security
      interests and Liens securing the same, without recourse and without
      representations and warranties from Landry Marks, except that Landry Marks
      shall
      represent and warrant: (i) that Landry Marks is the owner of the Landry
      Marks Debt and the Landry Marks Credit Documents and Landry Marks free and
      clear
      of any Liens or other encumbrances; (ii) as to the amount owed under the
      Landry Marks Credit Documents as of the date of the assignment; and
      (iii) that the execution by Landry Marks of the assignment documents and
      the performance by Landry Marks of its obligations thereunder are duly
      authorized by all requisite corporate action.

    

    (c) Control.
      To the
      extent that possession or control is necessary to perfect a security interest
      in
      YA Global Collateral which is in the possession of Landry Marks, Landry Marks
      hereby agrees to act, and is hereby appointed, as the agent and bailee for
      YA
      Global solely for the purposes of perfecting YA Global’s security interest in
      such YA Global Collateral. Additionally, to the extent that possession or
      control is necessary to perfect a security interest in Landry Marks Collateral
      which is in the possession of YA Global, YA Global hereby agrees to act, and
      is
      hereby appointed, as the agent and bailee for Landry Marks solely for the
      purposes of perfecting Landry Mark’s security interest in such Landry Marks
      Collateral. Nothing in this paragraph is intended to, nor shall be construed
      to,
      change the relative priorities and rights of the Creditors in the Collateral
      as
      set forth elsewhere in this Agreement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    3. COORDINATION
      CONCERNING INTANGIBLE ASSETS AND RIGHTS

    

    Each
      of
      the parties hereto acknowledges and agrees that one or more Creditors may have
      a
      Lien on, or other rights to use or to access, property of the Borrower
      consisting of books and records, software rights (including, without limitation,
      reservation systems) and other similar property (including management
      agreements, sales and marketing agreements and developer’s or declarant’s
      rights) which exist in connection with the various business operations of
      Borrower generally and therefore are or could be associated with the Collateral
      pledged and delivered to more than one Creditor (the “Servicing
      Assets”).
      Each
      party hereto agrees to act in good faith and in a commercially reasonable manner
      and to reasonably cooperate with the others in a utilization of such Servicing
      Assets in order to facilitate reasonable access on the part of each other party
      hereto to such Servicing Assets, as necessary to permit each party to realize
      upon its Collateral, provided,
      however,
      that
      nothing contained herein is intended, nor shall be construed, to require any
      such Creditor to (i) incur out-of-pocket costs in connection with the same,
      (ii)
      take possession of, exercise rights with respect to, or to maintain, or store,
      or take other similar actions with respect to, the Servicing Assets, or (iii)
      delay, forbear, or standstill from exercising any of such Creditor’s rights and
      remedies with respect to such portions of the Servicing Assets which are the
      Creditor’s Collateral, including, without limitation, conducting secured party
      sales of the same. 

    

    4. NOTICE
      OF DEFAULT

    

    Each
      Creditor (the “Noticing
      Creditor”)
      agrees
      to give each other Creditor prompt notice of any Default or Event of Default
      under its respective Credit Agreement of which it is aware or of which it has
      received notice from the Borrower. Such notice shall set forth in reasonable
      detail the nature of the Default or Event of Default in question. Until such
      Default or Event of Default is cured, such Creditor agrees, upon the request
      of
      any other Creditor, to periodically provide each other Creditor with information
      regarding the status of the Default or Event of Default in question. Prior
      to
      the commencement of any enforcement action against the Borrower, including
      any
      action in bankruptcy and/or disposition, each Creditor agrees, to the extent
      reasonably practicable, to give each other Creditor prior written notice of
      the
      nature of such enforcement action. Failure to give any such notice, however,
      shall not impair or otherwise adversely affect the Borrower’s obligations under
      the Credit Documents, to which the Noticing Creditor is a party, or the Noticing
      Creditor’s rights and remedies under its Credit Documents, nor shall such
      failure give rise to any liability on the part of the Noticing Creditor to
      the
      other Creditors.

    

    5. CONSENT
      TO CREDIT FACILITY

    

    Each
      Creditor hereby consents to the Borrower entering into or continuing its
      relationship, as the case may be, under the other Creditors’ Credit Documents
      and incurring indebtedness pursuant thereto and securing such indebtedness
      with
      a pledge of and grant of a Lien (i) with respect to Landry Marks, on the
      Factored Receivables, and all other Accounts Receivable subject to the terms
      hereof; and (ii) with respect to YA Global, on the YA Global Collateral,
      subject to the terms hereof.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    6. INCLUSION
      OF CUSTODIANS AND OTHER AGENTS

    

    For
      purposes of this Agreement, any reference to a Creditor shall mean and include
      any custodian or other agent of such Person who may, at any time, be in
      possession of all or any portion of the Collateral for the benefit of such
      Creditor.

    

    7. RESERVED

    

    8. RESERVED

    

    9. EXERCISE
      OF REMEDIES

    

    Subject
      only to any express provisions of this Agreement or the Credit Agreements that
      require a Creditor to take or refrain from taking any action, each Creditor
      may
      exercise its discretion with respect to exercising or refraining from exercising
      any of its rights and remedies or taking any enforcement action with respect
      to
      the Collateral which is specifically pledged under such Creditor’s respective
      Credit Documents. YA Global agrees not to take any action against any Account
      Receivable so long as the Landry Marks Debt is outstanding and this Agreement
      remains in effect. Landry Marks agrees, except as expressly set forth herein,
      not to take any action against the YA Global Collateral (other than all Accounts
      Receivable) so long as the indebtedness owing from Borrower to YA Global
      pursuant to the YA Global Credit Documents remains outstanding and this
      Agreement remains in effect. 

    

    The
      parties agree that YA Global may at its option take any action to accelerate
      payment of all or any portion of the indebtedness owing by Borrower to YA Global
      and to foreclose or realize upon or enforce any of the YA Global Collateral
      (other than any Accounts Receivable) and to exercise any other rights YA Global
      may have, without the prior consent of Landry Marks; provided, that YA Global
      shall not take any action to foreclose or realize upon or to enforce any of
      its
      rights with respect to security interests and Liens granted by Borrower in
      or on
      any of the Landry Marks Collateral.

    

    Additionally,
      the parties agree that Landry Marks may at its option take any action to
      accelerate payment of all or any portion of the Landry Marks Debt and to
      foreclose or realize upon or enforce any of the Landry Marks Collateral and
      to
      exercise any other rights Landry Marks may have, without the prior consent
      of YA
      Global; provided, that Landry Marks may not take any action to foreclose or
      realize upon or to enforce any of its rights with respect to security interests
      and Liens granted by Borrower in or on the YA Global Collateral other than
      Accounts Receivable.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    10. INDEPENDENT
      CREDIT INVESTIGATIONS

    

    No
      Creditor nor any of its respective directors, officers, agents or employees
      shall be responsible to any other Creditor or to any other Person for the
      Borrower’s solvency, credit worthiness, financial condition, or ability to repay
      any of the debt or for the accuracy of any recitals, statements, representations
      or warranties of the Borrower, oral or written, or for the validity,
      sufficiency, enforceability, or perfection of the security interests in any
      Collateral. Each Creditor has entered into its respective financing arrangements
      with the Borrower based upon its own independent investigation, and makes no
      warranty or representation to the other Creditors nor does it rely upon any
      representation of the other Creditors with respect to matters identified or
      referred to herein. No Creditor shall have any responsibility to any other
      Creditor for monitoring or assuring compliance by the Borrower with any of
      the
      Borrower’s covenants or representations made to any Creditor. Without limiting
      the generality of the foregoing, any Creditor may perform in accordance with
      the
      terms of its Credit Agreements (subject to this Agreement) without regard to
      whether the Borrower’s performance in accordance with the terms thereof might or
      would constitute or result in a breach of covenants or representations under
      the
      other Creditor’s Credit Documents, and under no circumstances shall any Creditor
      be liable to the other for inducing a breach or a violation of any other
      Creditor’s Credit Agreement by virtue of performing in accordance with the terms
      of its own Credit Documents (subject to this Agreement).

    

    11. AMENDMENTS,
      MODIFICATIONS AND INCREASES OF CREDIT DOCUMENTS

    

    Each
      Creditor may enter into amendments, restatements, modifications, renewals or
      extensions of its Credit Documents with the Borrower without the prior written
      consent of the other Creditor, provided that, without the prior written consent
      of YA Global: (i) at no time shall the Landry Marks Credit Facility exceed
      an invoice face amount outstanding of Accounts Receivables of $1,500,000;
      (ii) Landry Marks will not take or accept any additional Collateral other
      than the Landry Marks Collateral; and (iii) Landry Marks shall not increase
      the
      discount rates or fees (except for rates or fees set forth in the Landry Marks
      Credit Documents which may be imposed following a Default or Event of Default)
      due under the Landry Marks Credit Facility and/or the Landry Marks Credit
      Documents. Should any Creditor cease extending further credit to the Borrower,
      this Agreement shall nevertheless continue in effect as to the outstanding
      Liens
      of each Creditor until this Agreement is terminated as set forth
      herein.

    

    12. AMENDMENTS
      TO THIS AGREEMENT

    

    No
      amendment, modification, supplement, termination, consent, or waiver of or
      to
      any provision of this Agreement nor any consent to any departure therefrom
      shall
      be in any event effective unless it shall be in writing signed by or on behalf
      of each of the Creditors; provided that, no amendment to this Agreement which
      materially and adversely effects the Borrower shall be made unless also signed
      by the Borrower. Any waiver of this provision or any consent to any departure
      from the terms of this provision shall be effective only in the specific
      instance and for the specific purpose for which given.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    13. TERMINATION

    

    This
      Agreement is a continuing agreement and unless all Creditors then party hereto
      have specifically consented in writing to its earlier termination, this
      Agreement shall remain in full force and effect in all respects with respect
      to
      each Creditor until such time as the Credit Facilities of such Creditor are
      repaid in full or otherwise satisfied, in which case this Agreement shall
      terminate only with respect to such Creditor (except for the agreements of
      such
      Creditor under Sections
      10,
      15,
      18,
      21 22
      and
24
      hereof),
      but this Agreement shall continue in full force and effect with respect to
      all
      other Creditors whose respective Credit Facilities have not been paid or
      otherwise satisfied in full.

    

    14. EFFECT
      OF BANKRUPTCY

    

    This
      Agreement shall be and remain enforceable notwithstanding any bankruptcy or
      insolvency proceeding by or against the Borrower.

    

    15. GOVERNING
      LAW

    

    This
      Agreement shall be governed by the laws of the State of Texas (without regard
      to
      its conflicts of law principles that would call for the application of the
      laws
      of another jurisdiction).

    

    16. AUTHORITY;
      SUCCESSORS AND ASSIGNS

    

    Each
      party hereby represents and warrants that it has the full power and authority
      to
      execute and deliver this Agreement, including, in the case of the Creditors,
      any
      required consents or approvals of its co-Creditors or participants under its
      Credit Agreements. This Agreement shall bind and inure to the benefit of the
      respective successors and assigns of the parties hereto; provided, that no
      Creditor (or any Creditor represented by any Creditor) shall assign or transfer
      any rights or obligations under its Credit Documents to another Person unless
      such Person shall have agreed in writing to be bound by the terms of this
      Agreement as if it were a party hereto.

    

    17. WAIVERS;
      FAILURE OR DELAY

    

    No
      failure or delay on the part of any Creditor in the exercise of any power,
      right, remedy, or privilege under this Agreement shall impair such power, right,
      remedy or privilege or shall operate as a waiver thereof, nor shall any single
      or partial exercise of any power, right or privilege preclude any other or
      further exercise of any other power, right or privilege. The waiver of any
      such
      right, power, remedy or privilege with respect to particular facts and
      circumstances shall not be deemed to be a waiver with respect to other facts
      and
      circumstances.

    

    18. SEVERABILITY
      OF PROVISIONS

    

    Any
      provision of this Agreement which is illegal, invalid, prohibited, or
      unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
      to the extent of such illegality, invalidity, prohibition or unenforceability
      without invalidating or impairing the remaining provisions hereof or affecting
      the validity or enforceability of any such provision in any other
      jurisdiction.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    19. COMPLETE
      AGREEMENT

    

    With
      respect to the matters set forth herein, this Agreement is intended by the
      parties as a final expression of their agreement and supersedes any other
      agreements or negotiations, oral or written, and shall not be modified except
      as
      provided in Section 12 hereof.

    

    20. ATTORNEYS’
      FEES AND DISBURSEMENTS

    

    In
      the
      event of any dispute concerning the meaning or interpretation of this Agreement,
      or in the event of any litigation by a party to enforce the provisions hereof,
      the prevailing party shall be entitled to recover from the non-prevailing party
      its reasonable attorneys’ fees and disbursements and actual court costs incurred
      including those for pretrial, trial and appellate proceedings.

    

    21. VENUE

    

    EACH
      OF
      THE CREDITORS AND THE BORROWER HEREBY CONSENTS TO THE JURISDICTION OF ANY STATE
      OR FEDERAL COURT LOCATED WITHIN THE STATE OF TEXAS AND IRREVOCABLY AGREES THAT
      ALL ACTIONS OR PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL
      BE
      LITIGATED IN SUCH COURTS. THE CREDITORS AND THE BORROWER EXPRESSLY SUBMIT TO
      AND
      CONSENT TO THE JURISDICTION OF THE AFORESAID COURTS AND WAIVE ANY DEFENSE OF
      FORUM NON-CONVENIENS, SUBJECT TO THE REQUIREMENTS THAT ANY ENFORCEMENT ACTION
      WITH RESPECT TO THE COLLATERAL BE BROUGHT IN THE COURTS OF THE STATE IN WHICH
      THE COLLATERAL IS LOCATED OR WHICH LAW APPLIES TO THE CREATION, PERFECTION
      AND
      ENFORCEMENT OF THE SECURITY INTEREST.

    

    22. JURY
      TRIAL WAIVER

    

    ALL
      OF
      THE CREDITORS AND THE BORROWER HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY
      TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS
      AGREEMENT. THE CREDITORS AND THE BORROWER ACKNOWLEDGE THAT THIS WAIVER IS A
      MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH CREDITOR
      HAS RELIED ON THIS WAIVER CONTAINED HEREIN IN ENTERING INTO THIS AGREEMENT
      AND
      THE OTHER CREDIT DOCUMENTS AND THAT EACH CREDITOR WILL CONTINUE TO RELY ON
      THIS
      WAIVER IN THEIR RELATED FUTURE DEALINGS. THE CREDITORS AND THE BORROWER WARRANT
      AND REPRESENT THAT EACH HAS HAD THE OPPORTUNITY OF REVIEWING THIS JURY WAIVER
      WITH LEGAL COUNSEL AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY
      TRIAL
      RIGHTS.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    23. CONFLICTS

    

    To
      the
      extent that any of the provisions of this Agreement conflict with any provisions
      of the Credit Documents, the provisions of this Agreement shall
      control.

    

    24. FURTHER
      ASSURANCE

    

    Each
      Creditor shall cooperate fully with each other in order to carry out promptly
      and fully the terms and provisions of this Agreement. Each party hereto shall
      from time to time execute and deliver such other agreements, documents or
      instruments and take such other actions as may be reasonably necessary to
      effectuate the terms of this Agreement. The Creditors shall each be solely
      responsible for all costs and expenses (including their respective attorneys’
fees and disbursements) incurred by them in connection with the execution and
      delivery of this Agreement and otherwise incurred by them in entering into
      the
      transactions contemplated herein.

    

    25. COUNTERPARTS

    

    This
      Agreement may be executed in any number of counterparts, and each counterpart
      shall be deemed to be an original instrument, but all such counterparts together
      shall constitute but one agreement.

    

    26. NOTICES

    

    Any
      notice or other communication required or permitted to be given shall be in
      writing addressed to the respective party as set forth below and may be
      personally served, telecopied or sent by overnight courier or by registered
      or
      certified U.S. mail, return receipt requested, and shall be deemed
      given

    

    
      	 	
              (a)

            	
              if
                served in person, when served; or

            

    

    

    
      	 	
              (b)

            	
              if
                telecopied, on the date of transmission if before 5:00 p.m. (Dallas
                time)
                on a business day or otherwise on the next business day, provided
                that a
                confirmation of a receipt of any such telecopy is obtained and retained
                by
                the sending party and that a hard copy of such notice is also sent
                pursuant to (c) or (d) below or by first class U.S. mail;
                or

            

    

    

    
      	 	
              (c)

            	
              if
                by overnight courier, on the first business day after delivery to
                the
                courier; or

            

    

    

    
      	 	
              (d)

            	
              if
                by certified or registered U.S. mail, return receipt requested, on
                the
                fourth day after deposit in the mail postage prepaid. For purposes
                of this
                Agreement the term “business day” shall mean a day on which banks are open
                for business in Dallas. Any party listed below may change the address
                to
                which notices are to be sent hereunder by giving notice per and in
                the
                manner set forth herein (of such change of address to all of the
                other
                parties entitled to receive notice
                hereunder).

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              If
                to Landry Marks:

            	
              Landry
                Marks Partners LP

            
	 	
              8401
                North Central Expressway, Suite 850

            
	 	
              Dallas,
                Texas 75225

            
	 	
              Telecopier
                Number: (214) 368-9130

            
	 	
              Attention:
                Mr. Tom Landry

            
	 	 
	
              With
                copy to:

            	
              Patton
                Boggs, LLP

            
	 	
              2001
                Ross Avenue, Suite 3000

            
	 	
              Dallas,
                Texas 75201

            
	 	
              Attention:
                Matthew Fontane, Esq.

            
	 	
              Telecopier
                Number: (214) 758-1550

            
	 	 
	
              If
                to YA Global:

            	
              YA
                Global Investments, L.P.

            
	 	
              c/o
                Yorkville Advisors LLC

            
	 	
              101
                Hudson Street – Suite 3700

            
	 	
              Jersey
                City, New Jersey 07302

            
	 	
              Telecopier
                Number: (201) 985-8266

            
	 	
              Attention:
                David Fine, Esq.

            
	 	 
	
              With
                a Copy to:

            	
              Riemer
                & Braunstein, LLP

            
	 	
              Three
                Center Plaza

            
	 	
              Boston,
                Massachusetts 02109

            
	 	
              Attn:
                Douglas K. Clarke, Esq.

            
	 	
              Telecopier
                No. (617) 692-3485

            
	 	 
	
              If
                to the Borrower:

            	
              TXP
                Corporation

            
	 	
              1299
                Commerce Drive

            
	 	
              Richardson,
                Texas 75081

            
	 	
              Telecopier
                Number: (214) 575-9314

            
	 	
              Attention:
                Chris Ryan, Chief Financial Officer

            

    

    

    27. BORROWER’S
      OBLIGATIONS ABSOLUTE

    

    The
      provisions of this Agreement set forth the relative rights and obligations
      of
      the Creditors with respect to the Collateral, and nothing contained in this
      Agreement shall impair, as between the Borrower, on the one hand, and any
      Creditor, on the other hand, the obligation of the Borrower to pay such Creditor
      all amounts payable in respect of such Creditor’s Credit Facilities as and when
      the same shall become due and payable in accordance with the terms of such
      Creditor’s Credit Documents, or prevent any Creditor (except as expressly
      otherwise provided in this Agreement) from exercising all rights, powers and
      remedies otherwise permitted by its Credit Documents and by applicable law
      upon
      a Default or Event of Default under any of its Credit Documents.

    

    [Remainder
      of Page Intentionally Left Blank]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREFORE,
      the
      parties hereby have executed or caused this Agreement to be executed on their
      behalf by their duly authorized representatives as of the date first above
      written.

    

    
      	 	
              TXP
                CORPORATION,

            
	 	 	 
	 	
              By:

            	
              /s/Michael
                C. Shores

            
	 	 	
              Name:
                Michael C. Shores

            
	 	 	
              Title:
                President and Chief Executive Officer

            
	 	 	 
	 	
              CREDITORS:

            
	 	 	 
	 	
              LANDRY
                MARKS PARTNERS LP,

            
	 	 	 
	 	
              By:

            	
              Landry
                Marks GP LLC, a Texas limited liability company, its General
                Partner

            
	 	 	 
	 	
              By:

            	/s/
              Tolbert B. Marks
	 	 	
            	
              Tolbert
                B. Marks, Manager

            
	 	 	 
	 	
              YA
                GLOBAL INVESTMENTS, L.P.,

            
	 	 	 
	 	
              By:

            	
              Yorkville
                Advisors, LLC,

            
	 	 	
              its
                investment manager

            
	 	 	 
	 	
              By:

            	
              /s/
                Troy Rillo

            
	 	 	
              Name:
                Troy Rillo

            
	 	 	
              Title:
                Senior Managing Director

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Schedule
      1

    Landry
      Marks Credit Agreement

    

    Factoring
      and Security Agreement, dated as of August 13, 2008, among the Borrower and
      Landry Marks, as modified from time to time 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Schedule
      2

    YA
      Global Credit Agreement

    

    Securities
      Purchase Agreement, dated
      as
      of May 29, 2008 by and between the Borrower and YA Global;

    

    Senior
      Secured Convertible Debentures dated as of May 29, 2008 in the original
      principal amount of $5,725,000 issued by Borrower to YA Global;

    

    Security
      Agreement dated as of May 29, 2008 granted by Borrower in favor of YA Global,
      as
      modified from time to time;

    

    Intellectual
      Property Security Agreement dated as of May 29, 2008 granted by Borrower in
      favor of YA Global, as modified from time to time;

    

    Securities
      Purchase Agreement, dated as of March 30, 2007 by and between the Borrower
      and
      YA Global;

    

    Secured
      Convertible Debentures dated as of March 30, 2007 in the original principal
      amount of $5,000,000 issued by Borrower to YA Global;

    

    Security
      Agreement dated as of March 30, 2007 granted by Borrower in favor of YA Global,
      as modified from time to time;

    

    Securities
      Purchase Agreement, dated as of June 5, 2006, by and between the Borrower and
      YA
      Global;

    

    Secured
      Convertible Debentures dated as of June 5, 2006 in the original principal amount
      of $550,000 issued by Borrower to YA Global; and

    

    Security
      Agreement dated as of June 5, 2006 granted by Borrower in favor of YA Global,
      as
      modified from time to time.

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