Common use of Security Agreement Re Clause in Contracts

Security Agreement Re. Intellectual Property; and (iii) Pledge Agreement, each dated as of January 31, 1997 and hereby confirms that the Collateral Documents to which each is a party remain in full force and effect and the rights and remedies of the Agent thereunder, the obligations of the Subsidiary Guarantors thereunder and the liens and security interests created and provided for thereunder remain in full force and effect for the benefit and security of the indebtedness purported to be secured thereby and shall not be affected, impaired or discharged hereby. /S/ Xxxxxx Xxxxxx ------------------------------- Xxxxxx Xxxxxx, individually RIVER NORTH STUDIOS, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- Name: Xxxxxx Xxxxxx Title: President RIVER NORTH STUDIOS, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- Name: Xxxxxx Xxxxxx Title: President CGI RECORDS, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- Name: Xxxxxx Xxxxxx Title: President LEXICON MUSIC, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- Name: Xxxxxx Xxxxxx Title: President LIGHT RECORDS, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- Name: Xxxxxx Xxxxxx Title: President THE RECORDING EXPERIENCE, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- Name: Xxxxxx Xxxxxx Title: President JUSTMIKE MUSIC, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- Name: Xxxxxx Xxxxxx Title: President PEG PUBLISHING, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- Name: Xxxxxx Xxxxxx Title: President ROYCE PUBLISHING, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- Name: Xxxxxx Xxxxxx Title: President

Security Agreement Re. Intellectual Property; and (iii) Pledge Agreement, each dated as of January 31, 1997 and hereby confirms that the Collateral Documents to which each is a party remain in full force and effect and the rights and remedies of the Agent thereunder, the obligations of the Subsidiary Guarantors thereunder and the liens and security interests created and provided for thereunder remain in full force and effect for the benefit and security of the indebtedness purported to be secured thereby and shall not be affected, impaired or discharged hereby. /S/ Xxxxxx Xxxxxx ------------------------------- --------------------------------- Xxxxxx Xxxxxx, individually RIVER NORTH STUDIOS, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- Name: Xxxxxx Xxxxxx Title: President RIVER NORTH STUDIOSRECORDS, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------ Name: Xxxxxx Xxxxxx Title: President CGI RECORDS, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------ Name: Xxxxxx Xxxxxx Title: President LEXICON MUSIC, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------ Name: Xxxxxx Xxxxxx Title: President LIGHT RECORDS, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------ Name: Xxxxxx Xxxxxx Title: President THE RECORDING EXPERIENCE, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------ Name: Xxxxxx Xxxxxx Title: President JUSTMIKE MUSIC, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------ Name: Xxxxxx Xxxxxx Title: President PEG PUBLISHING, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------ Name: Xxxxxx Xxxxxx Title: President ROYCE PUBLISHING, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------ Name: Xxxxxx Xxxxxx Title: President

Security Agreement Re. Intellectual Property; and (iii) Pledge Agreement, each dated as of January 31, 1997 and hereby confirms that the Collateral Documents to which each is a party remain in full force and effect and the rights and remedies of the Agent thereunder, the obligations of the Subsidiary Guarantors thereunder and the liens and security interests created and provided for thereunder remain in full force and effect for the benefit and security of the indebtedness purported to be secured thereby and shall not be affected, impaired or discharged hereby. /S/ Xxxxxx Xxxxxx ------------------------------- ------------------------------------- Xxxxxx Xxxxxx, individually RIVER NORTH STUDIOS, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------------- Name: Xxxxxx Xxxxxx Title: President RIVER NORTH STUDIOS, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------------- Name: Xxxxxx Xxxxxx Title: President CGI RECORDS, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------------- Name: Xxxxxx Xxxxxx Title: President LEXICON MUSIC, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------------- Name: Xxxxxx Xxxxxx Title: President LIGHT RECORDS, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------------- Name: Xxxxxx Xxxxxx Title: President THE RECORDING EXPERIENCE, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------------- Name: Xxxxxx Xxxxxx Title: President JUSTMIKE MUSIC, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------------- Name: Xxxxxx Xxxxxx Title: President PEG PUBLISHING, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------------- Name: Xxxxxx Xxxxxx Title: President ROYCE PUBLISHING, INC. By: /S/ Xxxxxx Xxxxxx ---------------------------- ------------------------------------- Name: Xxxxxx Xxxxxx Title: President

Security Agreement Re. Intellectual Property; and (iii) Pledge Agreement, each dated as of January 31, 1997 and hereby confirms that the Collateral Documents to which each is a party remain in full force and effect and the rights and remedies of the Agent thereunder, the obligations of the Subsidiary Guarantors thereunder and the liens and security interests created and provided for thereunder remain in full force and effect for the benefit and security of the indebtedness purported to be secured thereby and shall not be affected, impaired or discharged hereby. /S/ /s/ Xxxxxx Xxxxxx ------------------------------- -------------------------------------- Xxxxxx Xxxxxx, individually RIVER NORTH STUDIOS, INC. By: /S/ /s/ Xxxxxx Xxxxxx ---------------------------- --------------------------------- Name: Xxxxxx Xxxxxx Title: President RIVER NORTH STUDIOSRECORDS, INC. By: /S/ /s/ Xxxxxx Xxxxxx ---------------------------- --------------------------------- Name: Xxxxxx Xxxxxx Title: President CGI RECORDS, INC. By: /S/ /s/ Xxxxxx Xxxxxx ---------------------------- --------------------------------- Name: Xxxxxx Xxxxxx Title: President LEXICON MUSIC, INC. By: /S/ /s/ Xxxxxx Xxxxxx ---------------------------- -------------------------------------- Name: Xxxxxx Xxxxxx Title: President LIGHT RECORDS, INC. By: /S/ /s/ Xxxxxx Xxxxxx ---------------------------- -------------------------------------- Name: Xxxxxx Xxxxxx Title: President THE RECORDING EXPERIENCE, INC. By: /S/ /s/ Xxxxxx Xxxxxx ---------------------------- -------------------------------------- Name: Xxxxxx Xxxxxx Title: President JUSTMIKE MUSIC, INC. By: /S/ /s/ Xxxxxx Xxxxxx ---------------------------- -------------------------------------- Name: Xxxxxx Xxxxxx Title: President PEG PUBLISHING, INC. By: /S/ /s/ Xxxxxx Xxxxxx ---------------------------- -------------------------------------- Name: Xxxxxx Xxxxxx Title: President ROYCE PUBLISHING, INC. By: /S/ /s/ Xxxxxx Xxxxxx ---------------------------- -------------------------------------- Name: Xxxxxx Xxxxxx Title: PresidentPresident Accepted and agreed to in Chicago, Illinois as of the date and year last above written. BANK OF MONTREAL, individually and as Agent By /s/ Xxxxxxxx X. Xxxxx -------------------------------------- Its Senior Trader ------------------------------------ PPM AMERICA SPECIAL INVESTMENTS FUND L.P. By /s/ Xxxxxx X. Xxxxxxxx -------------------------------------- Its Managing Director ------------------------------------ FC CBO LIMITED By /s/ Xxxxx Xxxxxxxx -------------------------------------- Its Managing Director ------------------------------------