Document:

EXHIBIT 4.1

     

    
      Exhibit
        4.1

       

       

      CORONADO
        INDUSTRIES, INC.

      16857
        E. Saguaro Boulevard

      Fountain
        Hills, AZ 85268

      

      November
        27, 2006

      

      Coronado
        Employees and Consultants, 

      

      The
        Company’s Board of Directors has decided to make available to all employees and
        consultants, shares of the Company’s common stock
        at
        a negotiated price of not less than 90% of the lowest closing trading price
        during the week prior to the compensation being due.

      

      To
        participate in this program, all you have to do is execute this letter in
        the
        space below, and indicate the amount of wages you wish to
        have
        allocated to this Plan and the pay period from which your salary will be
        credited. Your free-trading shares will be delivered to
        you
        within a few days.

       

      
         

        
          	 	 	 
	 	CORONADO
                  INDUSTRIES, INC.
	 
 	 
 	 
 
	 	By:  	/s/ 
                  Gary R. Smith
	 	
                  

                
	 	Gary
                  R. Smith, President

        

      

       

      
        

      

      
        	
                

              	 	
                

              
	Amount of Compensation	 	Employee/Consultant
                Signature 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	
                

              	 	
                

              
	Period From 	 	
                Name
                  of Employee/Consultant 

              
	Which To Be Paid 	 	
                (Please
                  Print)Exhibit 10.19 - Business Loan Agreement and Promissory Note between Proginet
      Corporation and JP Morgan Chase Bank, NA dated October 4, 2006

    
      

      

    

    
      Exhibit
        10.19

      

      

      

      BUSINESS
        LOAN AGREEMENT

      Borrower:

      Proginet
        Corporation

      200
        Garden City Plaza

      Garden
        City, NY 11530

      Reference
        Number: 20NY0479113-2

      

      Lender:

      JPMorgan
        Chase Bank, NA

      RM
        - Suburban Suffolk LPO

      1985
        Marcus Avenue, Floor 1

      New
        Hyde Park, NY 11042

      

      

      This
        agreement is made as of the date set forth below between JPMorgan
        Chase Bank, NA, its successors and assigns ("Lender"), and Proginet Corporation
        (jointly and severally, the "Borrower").

      

      SCOPE
        OF THIS AGREEMENT. This
        agreement governs the Indebtedness, which is used in its broadest sense to
        include any and all extensions of credit from the Lender to the Borrower,
        unless
        otherwise agreed to in writing by the Lender and the Borrower, or prohibited
        by
        applicable law, whether now existing or hereafter arising, including but
        not
        limited to those extended contemporaneously with this agreement. Provided
        however, any such Indebtedness which is evidenced by a promissory note payable
        to Lender and subject of a United States Small Business Administration guaranty,
        is a construction loan governed by a construction loan agreement, or is related
        to a bond transaction shall be governed by such agreements to the extent
        there
        is any conflict between the terms thereof and this agreement.

      

      Borrower
        agrees the term "Indebtedness" means and includes any and all liabilities,
        obligations and debts, plus interest thereon, of Borrower, or any one of
        them,
        to Lender, now existing or hereinafter incurred or created, whether any such
        Indebtedness is voluntarily or involuntarily incurred, due or not due, absolute
        or contingent, liquidated or unliquidated, determined or undetermined; whether
        Borrower may be liable individually or jointly with others, or primarily
        or
        secondarily, or as guarantor or surety; whether recovery on the Indebtedness
        may
        be or may become barred or unenforceable against Borrower for any reason
        whatsoever; and whether the Indebtedness arises from transactions which may
        be
        voidable on account of infancy, insanity, ultra vires, or otherwise. As
        examples, and not as limitation, the Indebtedness of Borrower includes: (a)
        any
        overdraft in any deposit account of Borrower, accruing for any reason, (b)
        any
        obligations, including any overdraft in any deposit account of Borrower,
        related
        to Automated Clearing House ("ACH") services or products, deposit account
        services or products, or treasury management services or products, including
        any
        agreement with respect thereto; (c) any transaction (including any agreement
        with respect thereto) between Borrower and the Lender or JPMorgan Chase &
Co., or any of its subsidiaries or affiliates or their successors, which
        is a
        rate swap, basis swap, forward rate transaction, commodity swap, commodity
        option, equity or equity index swap, equity or equity index option, bond
        option,
        interest rate option, foreign exchange transaction, cap transaction, floor
        transaction, collar transaction, forward transaction, currency swap transaction,
        cross-currency rate swap transaction, currency option or any other similar
        transaction (including any option with respect to any of these transactions)
        or
        any combination thereof, whether linked to one or more interest rates, foreign
        currencies, commodity prices, equity prices or other financial measures (each
        a
        "Rate Management Transaction"); (d) any obligation related to any loan or
        credit
        transaction (including any agreement with respect thereto), whether evidenced
        by
        a promissory note, credit agreement, letter of credit application, or any
        other
        agreement; (e) any obligation related to commercial credit card transactions
        (including an agreement with respect thereto); (f) any obligation related
        to any
        lease (including an agreement with respect thereto); (g) any obligation related
        to any guaranty of the obligations of others by Borrower; (h) any obligation
        under a Related Document; and (i) all other obligations of Borrower to Lender.
        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        10.19

      

      

      Borrower
        further agrees that in the event Borrower now or in the future has a credit
        extension or lease from Lender's affiliate Chase Equipment Leasing Inc.,
        its
        successors and assigns (the "Lender Affiliate"), then Borrower shall comply
        with
        every representation, warranty and covenant in this agreement as long as
        any
        obligation is owed to the Lender Affiliate, even in the event the Indebtedness
        shall be paid in full, and any failure to so comply will be a default under
        such
        credit extension or lease from the Lender Affiliate.

      

      CONTINUING
        REPRESENTATIONS. As
        of the
        date of this agreement, as of the date of each advance, as of the date of
        any
        renewal, extension or modification, and at all times any Indebtedness exists,
        the existence of such Indebtedness shall constitute a representation and
        warranty by the Borrower that all of the representations and warranties set
        forth in this agreement shall be true and correct and that Borrower is in
        compliance with each covenant herein as though made on such date. The Borrower
        understands and agrees that in extending the Credit Facilities, the Lender
        is
        relying on all representations, warranties, and covenants made by the Borrower
        in this agreement or in any certificate or other instrument delivered by
        the
        Borrower to the Lender under this agreement. The Borrower further agrees
        that
        regardless of any investigation made by the Lender, all such representations,
        warranties and covenants will survive the making of the Credit Facilities
        and
        delivery to the Lender of this agreement, shall be continuing in nature,
        and
        shall remain in full force and effect until such time as the Indebtedness
        shall
        be paid in full.

      

      REPRESENTATIONS
        AND WARRANTIES. Borrower
        represents and warrants to, and covenants and agrees with, Lender
        that:

      

      Organization.
        Borrower's
        principal residence or chief executive office is at the address shown on
        this
        agreement; its name as it appears in this agreement, if Borrower is a natural
        person, is his or her exact legal name or, if the Borrower is other than
        a
        natural person, is the exact name as it appears in its organizational documents,
        as amended and as filed with the appropriate governmental entity (if required),
        including any trust documents; if the Borrower is other than a natural person
        and organizational documents are required to be filed with the appropriate
        governmental entity, then such organizational documents have been filed in
        the
        state where its chief executive office is located unless evidence of a different
        state of organization has been provided to Lender in writing; and provided
        further, Borrower will not change any of the foregoing without giving Lender
        prior written notice.

      

      Authorization
        and Legal Effect. The
        execution and delivery of this agreement and the Notes, and the performance
        of
        the obligations they impose, do not violate any law, conflict with any agreement
        by which Borrower is bound, or require the consent or approval of any
        governmental authority or other third party; this agreement and the Notes
        are
        valid and binding agreements, enforceable according to their terms; the
        execution and delivery of this agreement and the Notes and the performance
        of
        the obligations they impose, if the Borrower is other than a natural person,
        (i)
        are within its powers, (ii) have been duly authorized by all necessary action
        of
        its governing body, (iii) do not contravene the terms of its articles of
        incorporation or organization, its by-laws, or any partnership, operating
        or
        other agreement governing its affairs, and (iv) any person executing this
        agreement or the Notes individually and on behalf of the Borrower certifies
        such
        person is authorized to do so and such authorization is continuing , shall
        remain in full force and effect, and Lender may rely on this certification
        until
        written notice of its revocation has been delivered to Lender.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        10.19

      

      

      AFFIRMATIVE
        COVENANTS. Borrower
        covenants and agrees with Lender that while this Agreement is in effect,
        Borrower will:

      

      Notices
        of Claims, Litigation, Defaults, etc. Promptly
        inform the Lender in writing of any of the following events, now known or
        occurring at any time this agreement remains in effect: (1) all existing
        and all
        threatened litigation, claims, investigations, administrative proceedings
        and
        similar actions affecting the Borrower which could materially affect its
        business, property, affairs, prospects or financial condition; provided further,
        Borrower covenants that as of the date of this agreement, unless previously
        disclosed and acknowledged by Lender in writing, no litigation, claim,
        investigation, administrative proceeding or similar action (including those
        for
        unpaid taxes) against the Borrower is pending or threatened, and no other
        event
        has occurred which may in any one case or in the aggregate materially adversely
        affect the Borrower's financial condition and properties; (2) the occurrence
        of
        any event which gives rise to the Lender's option to terminate any Note;
        (3) the
        institution of steps by the Borrower to withdraw from, the institution of
        any
        steps to terminate, the occurrence of any reportable event, or the occurrence
        of
        any prohibited transaction in connection with any employee benefit plan to
        which
        the Borrower may have liability; (4) any additions to or changes in the
        locations of the Borrower's or any of the Borrower's or Subsidiary's businesses;
        and (5) any alleged breach of any provision of this agreement or of any other
        agreement related to any Indebtedness by the Lender.

      

      Business
        Operations. Maintain
        its business operations including (1) maintain the current senior executive
        or
        management personnel of the Borrower; (2) maintain its business operations
        as
        presently in effect in accordance with all applicable laws and regulations;
        (3)
        pay its debts and obligations when due under normal terms and pay on or before
        their due date, all taxes, assessments, fees and other governmental monetary
        obligations, except as they may be contested in good faith if they have been
        properly reflected on its books and, at the Lender's request, adequate funds
        or
        security has been pledged to insure payment, and Borrower represents that
        at the
        date of this agreement Borrower is current in all such filings and payments
        have
        been paid in full, except those disclosed to Lender in writing; and (4) if
        Borrower is not a natural person, maintain its existence as presently in
        effect
        in accordance with all applicable laws and regulations.

      

      Inspection.
        Permit
        the Lender, its assigns or agents, at such times and at such intervals as
        the
        Lender may reasonably require: (1) to inspect, examine, audit and copy the
        Borrower's business records, and to discuss the Borrower's business, operations,
        and financial condition with the Borrower's officers and accountants, (2)
        to
        inspect the Borrower's business operations and sites; and (3) to perform
        audits
        or other inspections of any Collateral securing any of the Indebtedness,
        including records and other documents relating to that Collateral and at
        the
        Borrower's expense, to confirm with any person obligated on an account
        receivable, contract or right to payment the accuracy of such obligation.
        If a
        credit facility includes a Borrowing Base, then the Borrower shall promptly
        compensate the Lender for all costs and expenses associated with any such
        inspection or audit (including in-house costs and expenses charged within
        the
        Lender for such inspection or audit) after receiving the Lender's invoice(s)
        therefore.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        10.19

      

      

      Maintenance
        of Financial Records. Maintain
        proper books and records of account, in accordance with Generally Accepted
        Accounting Principles, and/or consistent with financial statements previously
        submitted to the Lender.

      

      Financial
        Statements. Furnish
        to the Lender whatever information, books and records the Lender may reasonably
        request, including at a minimum:

      

      Borrower
        Annual Statements. As
        soon
        as available, but within 120 days after and as of the end of each fiscal
        year,
        Borrower's detailed, consolidated, if applicable, financial statement including
        a balance sheet and income statement for the year ended, audited by certified
        public accountants reasonably acceptable to Lender.

      

      Borrower
        Interim Statements. As
        soon
        as available, but within 90 days after the end of each fiscal half year,
        Borrower's balance sheet, consolidated, if applicable, as of the end of that
        period and statements of income, cash flow and retained earnings from the
        beginning of the fiscal year to the end of that period, compiled by certified
        public accountants reasonably acceptable to Lender.

      

      Insurance.
        Maintain
        insurance acceptable to the Lender with financially sound and reputable insurers
        acceptable to the Lender covering its properties and business against those
        casualties and contingencies and in the types and amounts as are in accordance
        with sound business and industry practices; furnish to the Lender, upon request
        of the Lender, reports on each existing insurance policy showing such
        information as the Lender may reasonably request; and make Lender loss payee
        or
        additional insured on such policies, upon request of Lender.

      

      Guaranties.
        Cause
        each guarantor of the Indebtedness to maintain any guaranty executed related
        to
        any, or all, of the Indebtedness to remain in full force and effect at all
        times
        the Indebtedness is owing.

      

      Other
        Agreements. Comply
        with all terms and conditions of all other agreements, whether now or hereafter
        existing, between the Borrower and any other party.

      

      Title
        to Assets and Property. Maintain
        good and marketable title to all of the Borrower's assets and properties,
        and
        defend such assets and properties against all claims and demands of all persons
        at any time claiming any interest in them, except to the extent liens are
        other
        wise permitted by this agreement.

      

      Additional
        Assurances. Promptly
        make, execute and deliver any and all agreements, documents, instruments
        and
        other records that the Lender may request to evidence any of the Indebtedness,
        cure any defect in the execution and delivery of any of the Related Documents,
        perfect any lien, comply with legal requirements applicable to the Lender
        or the
        Indebtedness or more fully to describe particular aspects of the agreements
        set
        forth or intended to be set forth in any of the Related Documents.

      

      NEGATIVE
        COVENANTS. Borrower
        covenants and agrees with Lender that while this Agreement is in effect,
        Borrower shall not, without the prior written consent of Lender:

      

      Liens
        and Indebtedness. Create
        or
        permit to exist any lien on any of its property, real or personal, except:
        existing liens known to the Lender, liens to the Lender, liens incurred in
        the
        ordinary course of business securing current non-delinquent liabilities for
        taxes and similar assessments, and purchase money security interests in the
        ordinary course of business; provided further, nor shall Borrower incur,
        assume,
        or permit to remain outstanding, liability for borrowed money, installment
        obligations, or obligations under capital leases or operating leases, other
        than
        unsecured trade debt incurred in the ordinary course of business, Indebtedness
        owing to the Lender, or liabilities outstanding as of the date hereof that
        have
        been disclosed to the Lender in writing which is not to be paid with proceeds
        of
        borrowings under the Credit Facilities. For purposes of this covenant, the
        sale
        of any account receivable is the incurring of liability.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        10.19

      

      

      Continuity
        of Operations. (1)
        Engage in any business activities substantially different from those in which
        the Borrower is presently engaged; (2) cease operations, liquidate, merge,
        transfer, acquire or consolidate with any other entity, change its name,
        dissolve, or sell any assets out of the ordinary course of business; (3)
        enter
        into any arrangement with any person providing for the leasing by the Borrower
        or any subsidiary of real or personal property which has been sold or
        transferred by the Borrower or subsidiary to such person; or (4) change its
        business organization, the jurisdiction under which its business organization
        is
        formed or organized, or its chief executive office, or any places of its
        businesses.

      

      Dividends.
        Acquire
        or retire any of its shares of capital stock, or, other than dividends in
        its
        capital stock, declare or pay dividends or make any other distributions upon
        any
        of its shares of capital stock; provided, however, that following any fiscal
        year with respect to which the Borrower maintained status as an "S" corporation
        under the Internal Revenue Code, if there is no existing default under this
        agreement or any agreement related to the Indebtedness and to do so will
        not
        cause a default under any of such agreements, the Borrower may pay dividends
        to
        its shareholders sufficient in amount to pay their income tax obligation
        attributable to the Borrower's taxable income.

      

      Primary
        Deposit Relationship. Fail
        to
        establish and maintain its primary deposit and disbursement relationship
        with
        Lender.

      

      Use
        of Loan Proceeds. Use,
        or
        permit any proceeds of the Indebtedness to be used, directly or indirectly,
        for:
        (1) any personal, family or household purpose; or (2) the purpose of "purchasing
        or carrying any margin stock" within the meaning of Federal Reserve Board
        Regulation U. At the Lender's request, the Borrower will furnish a completed
        Federal Reserve Board Form U-1.

      

      Transfer
        of Ownership. Permit
        any pledge of any ownership interest in the Borrower, or any sale or other
        transfer of any ownership interest in the Borrower in excess of twenty-five
        percent (25%) in the aggregate.

      

      Conflicting
        Agreements. Enter
        into any agreement containing any provision which would be violated or breached
        by the performance of the Borrower's obligations under this agreement or
        any of
        the other Related Documents.

      

      DEFAULT.
        This
        agreement is executed in conjunction with one or more extensions of credit
        included in the Indebtedness and evidenced by one or more Notes to which
        reference is hereby made for a more complete statement of the terms and
        conditions under which each is to be repaid. The terms and conditions providing
        for events that constitute a default under each Note are incorporated herein
        by
        this reference with the same effect as if set forth at length and any breach
        thereof is a default under this agreement ("Event of Default").

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        10.19

      

      

      REMEDIES.
        At
        any
        time after the occurrence of an Event of Default, the Lender may do one or
        more
        of the following:(a) cease permitting the Borrower to incur any Indebtedness;
        (b) terminate any commitment of the Lender evidenced by any of the Notes;
        (c)
        declare any of the Notes to be immediately due and payable, without notice
        of
        acceleration, intention to accelerate, presentment and demand or protest
        or
        notice of any kind, all of which are hereby expressly waived; (d) exercise
        all
        rights of setoff that the Lender may have contractually, by law, in equity
        or
        otherwise; and (e) exercise any and all other rights pursuant to any of the
        Related Documents, at law, in equity or otherwise. The rights of the Lender
        under this agreement and the other Related Documents are in addition to other
        rights the Lender may have contractually, by law, in equity or otherwise,
        all of
        which are cumulative and hereby retained by the Lender.

      

      JURY
        WAIVER. THE
        UNDERSIGNED AND LENDER (BY ITS ACCEPTANCE HEREOF) HEREBY VOLUNTARILY, KNOWINGLY,
        IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE
        IN
        RESOLVING ANY DISPUTE (WHETHER BASED UPON CONTRACT, TORT OR OTHERWISE) BETWEEN
        OR AMONG THE UNDERSIGNED AND LENDER ARISING OUT OF OR IN ANY WAY RELATED
        TO THIS
        DOCUMENT, THE RELATED DOCUMENTS, OR ANY RELATIONSHIP BETWEEN OR AMONG THE
        UNDERSIGNED AND LENDER. THIS PROVISION IS A MATERIAL INDUCEMENT TO LENDER
        TO
        PROVIDE THE FINANCING EVIDENCED BY THIS DOCUMENT AND THE RELATED
        DOCUMENTS.

      

      MISCELLANEOUS
        PROVISIONS.

      

      Additional
        Definitions. In
        this
        agreement words in singular shall include the plural. Capitalized terms not
        otherwise defined in this agreement shall have their generally accepted meaning
        in commercial transactions, provided the following words shall have the
        following meanings: (1) "Collateral" means any real or personal property
        described in any Related Document securing the Indebtedness; (2) "Note" means
        all agreements, promissory notes, instruments and/or contracts evidencing
        the
        terms and conditions of any Indebtedness, including as example, not as
        limitation, any agreement (including any deposit account agreement) related
        to
        deposit or treasury management products (including services for Automated
        Clearinghouse transactions), a Rate Management Transaction agreement, promissory
        note, credit agreement, lease agreement, letter of credit application, credit
        card agreement, guaranty or any other evidence of the Indebtedness of the
        Borrower, and includes any renewal, modification, refinancing, consolidation,
        or
        substitution of any Note; and (3) "Related Documents" means the Notes, all
        loan
        agreements, credit agreements, reimbursement agreements, security agreements,
        mortgages, deeds of trust, pledge agreements, assignments, guaranties, and
        any
        other instrument or document executed in connection with this agreement or
        in
        connection with any of the Indebtedness and may be executed only by persons
        or
        entities other than the Borrower.

      

      Governing
        Law and Venue. Borrower
        agrees that (i) this agreement shall be governed by and construed in accordance
        with the laws of any state or states identified in any governing law provision
        of the Notes, as the Lender in its sole discretion may elect; (ii) any legal
        action or proceeding with respect to any of the obligations of Borrower under
        this agreement may be brought in any state or federal court located in the
        state
        indicated in Lender's address stated herein, as the Lender in its sole
        discretion may elect; and (iii) any claim that the state selected by Lender
        is
        not a convenient forum or the proper venue for any such suit, action or
        proceeding is waived by Borrower.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        10.19

      

      

      Attorneys'
        Fees; Expenses. To
        the
        extent not prohibited by applicable law and whether or not the transactions
        contemplated by this agreement are consummated, the Borrower is liable to
        the
        Lender and agrees to pay on demand all reasonable costs and expenses of every
        kind incurred (or charged by internal allocation) in connection with the
        negotiation, preparation, execution, filing, recording, modification,
        supplementing and waiver of the Related Documents, the making, servicing
        and
        collection of any of the Notes and the realization on any Collateral and
        any
        other amounts owed under the Related Documents, both before and after judgment,
        including without limitation reasonable attorneys' fees (including counsel
        for
        the Lender that are employees of the Lender or its affiliates) and court
        costs.
        These costs and expenses include without limitation any costs or expenses
        incurred by the Lender in any bankruptcy, reorganization, insolvency or other
        similar proceeding. All amounts payable under the terms of this agreement
        shall
        be paid without relief from valuation and appraisement laws. The obligations
        of
        the Borrower under this section shall survive the termination of this
        agreement.

      

      Assignments.
        The
        Borrower agrees that the Lender may provide any information or knowledge
        the
        Lender may have about the Borrower or about any matter relating to the Notes
        or
        the Related Documents to JPMorgan Chase & Co., or any of its subsidiaries or
        affiliates or their successors, or to any one or more purchasers or potential
        purchasers of the Notes or the Related Documents. The Borrower agrees that
        the
        Lender may at any time sell, assign or transfer one or more interests or
        participations in all or any part of its rights and obligations in the Notes
        to
        one or more purchasers whether or not related to the Lender.

      

      Indemnification
        of the Lender. The
        Borrower agrees to indemnify, defend and hold the Lender, its parent companies,
        subsidiaries, affiliates, their respective successors and assigns and each
        of
        their respective shareholders, directors, officers, employees and agents
        (collectively, the "Indemnified Persons") harmless from any and against any
        and
        all loss, liability, obligation, damage, penalty, judgment, claim, deficiency,
        expense, interest, penalties, attorneys' fees (including the fees and expenses
        of attorneys engaged by the Indemnified Person at the Indemnified Person's
        reasonable discretion) and amounts paid in settlement ("Claims") to which
        any
        Indemnified Person may become subject both before and after judgment, arising
        out of or relating to this agreement or the Collateral, including any Claims
        resulting from any Indemnified Person's own negligence, except to the limited
        extent that the Claims are proximately caused by the Indemnified Person's
        gross
        negligence or willful misconduct. The indemnification provided for in this
        paragraph shall survive the termination of this agreement and shall not be
        affected by the presence, absence or amount of or the payment or nonpayment
        of
        any claim under, any insurance.

      

      No
        Waiver. No
        delay
        on the part of the Lender in the exercise of any right or remedy waives that
        right or remedy. No single or partial exercise by the Lender of any right
        or
        remedy precludes any other future exercise of it or the exercise of any other
        right or remedy. No waiver or indulgence by the Lender of any default is
        effective unless it is in writing and signed by the Lender, nor shall a waiver
        on one occasion bar or waive that right on any future occasion.

      

      Amendments.
        No
        amendment to this agreement shall be binding on Lender unless agreed to by
        Lender in writing.

      

      Notice.
        Any
        notices related to this agreement shall be in writing and delivered to the
        intended party at its address stated herein, delivered either: (a) by hand,
        (b)
        by a nationally recognized overnight courier service, or (c) by certified
        mail,
        postage prepaid, with return receipt requested and shall be deemed given:
        (a)
        upon receipt if delivered by hand, (b) on the day after deposit with a
        nationally recognized courier service, or (c) on the third day after the
        notice
        is deposited in the mail. Any party may change its address for purposes of
        the
        receipt of notices by giving notice of such change in the manner provided
        in
        this provision or in any Note.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        10.19

      

      

      Interpretation.
        If
        this
        agreement is inconsistent with any provision in any Related Document, the
        Lender
        shall determine, in the Lender's sole and absolute discretion, which of the
        provisions shall control any such inconsistency. If any provision of this
        agreement cannot be enforced, the remaining portions of this agreement shall
        continue in effect. This agreement, the Notes, and any Related Document embody
        the entire agreement and understanding between the Borrower and the Lender
        and
        supersede all prior agreements and understandings relating to their subject
        matter. If any one or more of the obligations of the Borrower under this
        agreement or the Notes is invalid, illegal or unenforceable in any jurisdiction,
        the validity, legality and enforceability of the remaining obligations of
        the
        Borrower shall not in any way be affected or impaired, and the invalidity,
        illegality or unenforceability in one jurisdiction shall not affect the
        validity, legality or enforceability of the obligations of the Borrower under
        this agreement or the Notes in any other jurisdiction.

      

      Captions.
        Section
        headings are for convenience of reference only and do not affect the
        interpretation of this agreement.

      

      Successors
        and Assigns. This
        agreement is binding on and inures to the benefit of the Borrower and the
        Lender
        and their respective successors and assigns, except Borrower shall have no
        right
        to transfer or assign any of its rights or interests without the prior written
        consent of the Lender.

      

      THIS
        AGREEMENT AND THE OTHER WRITTEN RELATED DOCUMENTS REPRESENT THE FINAL AGREEMENT
        BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
        CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE
        PARTIES.

      

      THERE
        ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        10.19

      

      

      The
        Borrower acknowledges that it has had the opportunity to read all the provisions
        of this agreement and to be advised by counsel regarding the terms of this
        agreement and agrees to its terms.

      

      THIS
        BUSINESS LOAN AGREEMENT IS EFFECTIVE October 4, 2006.

      

      BORROWER:

      

      Proginet
        Corporation

      By:
        /s/
        Debra A.
        DiMaria

      Debra
        A.
        DiMaria

      Print
        Title: CFO

      Date: 
        October 4, 2006

      

      LENDER:

      JPMorgan
        Chase Bank, NA

      By:
        /s/ Robert
        Harder

      Authorized
        Signer

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        10.19

      

      

      PROMISSORY
        NOTE

      

      

      

      Borrower:

      Proginet
        Corporation

      200
        Garden City Plaza

      Garden
        City, NY 11530

      Reference
        Number: 20NY0479113-2

      

      Lender:

      JPMorgan
        Chase Bank, NA

      RM
        - Suburban Suffolk LPO

      1985
        Marcus Avenue, Floor 1

      New
        Hyde Park, NY 11042

      

      
        	
                Principal
                  Amount: $1,000,000.00

              	
                Date
                  of Note: 10/04/2006

              

      

      

      PROMISE
        TO PAY: Proginet Corporation ("Borrower") promises to pay to JPMorgan Chase
        Bank, NA, its successors and assigns ("Lender") or order, in lawful money
        of the
        United States of America, the total principal amount of $1,000,000.00 or
        so much
        as may be outstanding, together with interest on the unpaid outstanding
        principal balance from the date advanced until paid in full at the rate or
        rates
        referenced in this Note.

      

      RENEWAL
        NOTE: This Note is a renewal of an earlier loan or credit extension to Borrower
        from Lender, or from a JPMorgan Chase & Co. affiliate which transferred the
        loan to Lender, and is identified in Lender or the affiliate's internal records
        as account number ACBS80344052. This Note shall not release or affect the
        liability of any guarantor, surety or endorser of the loan, or release any
        security interest granted by any owner of any collateral securing the loan.
        This
        Note shall be considered a modification only, and not a novation.

      

      LOAN
        TYPE. This Note evidences a Commercial Line of Credit.

      

      PAYMENT
        TERMS. Borrower will pay this loan in accordance with the following payment
        schedule(s):

      

      Accrued
        interest and fees shall be payable monthly, beginning October 24, 2006, and
        on
        the same calendar day monthly thereafter, and the principal balance, together
        with all accrued unpaid interest and any other unpaid amounts due under this
        Note, shall be paid on September 24, 2007, the maturity date of this
        Note.

      

      Payments
        and any other credits shall be allocated among principal, interest, late
        charges, collection costs, fees and other charges at the discretion of Lender,
        unless otherwise required by applicable law. Interest on this Note is computed
        on a 365/360 basis; that is, by applying the ratio of the annual interest
        rate
        over a year of 360 days; multiplied by the outstanding principal balance,
        multiplied by the actual number of days the principal balance is
        outstanding.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        10.19

      

      

      INTEREST
        RATE.

      The
        interest rate on this Note is Prime plus 0.00%. If the rate is based on the
        Prime Rate, it is a fluctuating rate as further described in this
        Note.

      

      PREPAYMENT
        PREMIUM. Borrower may pay without fee all or any portion of the loan evidenced
        by this Note at any time. All prepayments shall be applied in such order
        and
        manner as Lender may from time to time determine in its sole
        discretion.

      

      LATE
        CHARGE. If a payment is 10 days or more late, Borrower will be charged a
        late
        charge of 5.00% of the payment due or $25.00, whichever is greater, up to
        the
        maximum amount of $250.00 per late charge.

      

      DEFAULT
        RATE. If permitted by applicable law, upon the occurrence of any default
        under
        this Note, whether or not Lender elects to accelerate the maturity of this
        Note,
        at its option, Lender may add any unpaid interest to principal and such sum
        shall bear interest therefrom until paid and may increase the interest rate
        an
        additional 3.00% over the interest rate then in effect.

      

      FEE(S):
        In addition to all other obligations under this Note, Borrower shall pay
        the
        following fees together with all other fees described in this Note:

      
        	
                Commitment
                  Fee Paid At Closing

              	
                $5,000.00

              
	
                Total:

              	
                $5,000.00

              

      

      

      SECURITY
        AGREEMENT. Borrower hereby grants, pledges and assigns to Lender, as security
        for repayment of the Indebtedness, a security interest in the following
        property, together with any substitutions and replacements therefor, and
        all
        products and proceeds thereof: all business assets, inventory, equipment,
        accounts, general intangibles, chattel paper, documents, instruments, and
        letter
        of credit rights Such property, together with any property described in any
        Related Document, is referred to in this Note as the "Collateral".

      

      LINE
        OF
        CREDIT CLEARANCE. Borrower shall, at least once during the term of this Note,
        reduce and maintain the outstanding principal balance of this Note to a zero
        balance for a period of at least thirty consecutive calendar days.

      

      LENDER'S
        DISCRETIONARY MATURITY EXTENSION. Lender, in its sole discretion, shall have
        the
        right, from time to time, to renew and extend the maturity date of this Note
        (each a "Maturity Extension"). Borrower agrees Lender has no obligation to
        extend the original or any subsequent maturity date and may elect not to
        make a
        Maturity Extension at any time, even if one or more Maturity Extensions has
        previously been made. Lender will inform Borrower of any such Maturity Extension
        by written notice, executed by an officer of Lender, addressed to Borrower
        at
        its then current billing address. Notwithstanding the provision of this Note
        requiring that any alteration or amendment to this Note shall require the
        signature of Borrower, Borrower accepts and agrees to be bound by the Maturity
        Extension in the event this Note is not paid in full on the maturity date,
        or
        after the date of the Maturity Extension notice Borrower requests any advance
        or
        otherwise relies upon or utilizes the extension of credit evidenced by this
        Note
        for any purpose.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Exhibit
        10.19

      

      

      PERIODIC
        FEES. Not more often than one time in each calendar year, Lender may elect
        to
        charge a fee in an amount determined by Lender, in its sole discretion, for
        the
        extension of credit evidenced by this Note. The fee may be charged, payable
        in
        advance, for each year, or portion of a year, that there remains any unpaid
        amounts

      due
        on
        this Note or that advances remain available under the line of credit evidenced
        by this Note, including as a result of any Maturity Extension. The fee may
        be
        charged to the line of credit. No refund of any portion of the fee shall
        be made
        in the event of cancellation of the line of credit for any reason.

      

      ADDITIONAL
        LOAN TERMS. Certain definitions and other additional terms and conditions
        of the
        Note, are attached to this Note and are incorporated herein by reference
        (the
        "Additional Terms"). This Note represents the final agreement between Lender
        and
        Borrower and may not be contradicted by evidence of prior, contemporaneous
        or
        subsequent oral agreement of the parties. There are no unwritten agreements
        between Lender and Borrower or Guarantors. Borrower agrees to be bound by
        all
        terms of this Note, including but not limited to the jury waiver provisions
        (where not prohibited by applicable law). Borrower agrees that Lender may
        record
        or file this Note if Lender deems it necessary to protect its interest. Borrower
        acknowledges receipt of the important Additional Terms which are part of
        this
        Note and the Security Agreement included in this Note. BORROWER AGREES THIS
        SECURITY AGREEMENT SECURES ALL INDEBTEDNESS OF BORROWER AND IS NOT LIMITED
        TO A
        SPECIFIC LOAN. "Indebtedness" is more fully defined in the Additional Terms,
        is
        used in its most comprehensive sense to mean any and all obligations of every
        kind and character of Borrower, or any one or more of them, to Lender, now
        existing or hereinafter incurred, and includes obligations owing after payment
        in full of the specific term loan or line of credit described in this
        Note.

      

      Borrower
        agrees that a facsimile of the signature(s) of the signer(s) of this Note,
        in
        any capacity, may be used to evidence the Borrower's acceptance of the terms
        of
        this Note. Any use of the principal amount or any other feature of this Note
        may
        be used as evidence of the foregoing authorizations, acceptances and
        agreements.

      

      CONDITIONS
        FOR FUNDING. IN
        ADDITION TO THE OTHER REMEDIES UNDER THIS NOTE, WITHOUT THE CONSENT OF BORROWER
        OR NOTICE TO ANYONE, LENDER HAS NO OBLIGATION TO MAKE THE INITIAL ADVANCE
        OR ANY
        ADVANCE UNDER THIS NOTE IF LENDER DETERMINES, IN ITS SOLE DISCRETION, THAT
        (A)
        BORROWER'S NAME ON THIS NOTE OR ANY GUARANTOR'S NAME ON THE GUARANTY IS
        INCORRECT OR INCOMPLETE; (B) LENDER'S LIEN ON THE COLLATERAL WILL NOT BE
        THE
        FIRST LIEN, FREE AND CLEAR OF ALL OTHER LIENS, SECURITY INTERESTS OR
        ENCUMBRANCES; OR (C) ANY OTHER EVENT OF DEFAULT PROVIDED FOR IN THIS NOTE
        HAS
        OCCURRED. ADVANCING FUNDS ON THIS LOAN DOES NOT WAIVE ANY OF LENDER'S RIGHTS
        AND
        REMEDIES UNDER THIS NOTE.

      

      

      Proginet
        Corporation

      By: /s/
        Debra A.
        DiMaria

      Debra
        A.
        DiMaria

      Print
        Title: CFO

      Date:
        October 4, 2006

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