Exhibit 7(a)
COLLATERAL AGREEMENT
Streamedia Communications, Inc. ("Streamedia") agrees to pledge and assign
TWO-HUNDRED SEVENTY-TWO THOUSAND THREE-HUNDRED FORTY-TWO (272,342) shares of
Streamedia unregistered, restricted common stock to eSynch Corporation as
securing collateral for the Promissory Note in the original face amount of
$97,839.46 dated February 21, 2001 by and between Streamedia Communications,
Inc. and eSynch Corporation (the "Note"). In the event that additional
borrowings are made under the Note, Streamedia shall pledge to eSynch
Corporation an additional amount of shares of unregistered, restricted common
stock equal to the amount of the borrowing divided by fifty percent (50%) of
the last sale price reported for Streamedia's common stock on the date of the
borrowing as set forth on the attachment to the Note. Streamedia agrees that
subject to the terms of the Registration Rights Agreement of this date
between eSynch Corporation and Streamedia, Streamedia will register the
unregistered collateral stock, whether or not the stock has been foreclosed
at such time, in connection with any registration Streamedia undertakes of
common stock after the date of this Note, except a registration on a form
that would not permit registration of the collateral shares thereon.
SIGNED AND ACKNOWLEDGED:
STREAMEDIA COMMUNICATIONS, INC.
/s/ Xxxxx Xxxxxx Date: 3/5/01
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By: Xxxxx Xxxxxx
President and Chief Executive Officer
