PARENT SECURITY AND PLEDGE AGREEMENTParent Security and Pledge Agreement • January 21st, 2010 • FriendFinder Networks Inc. • Services-computer programming, data processing, etc. • New York
THIS PARENT SECURITY AND PLEDGE AGREEMENT (this “Agreement”), is made as of December 6, 2007 by and between Penthouse Media Group, Inc., a Nevada corporation (the “Parent”), and each Subsidiary of the Parent listed on the signature pages hereto (the “Subsidiary Guarantors” and together with the Parent, the “Grantors”) and U.S. Bank National Association, a national banking association, as collateral agent (in such capacity, the “Agent”) for the Holders of the Notes party to that certain Sellers’ Securities Agreement (as amended and in effect from time to time, the “Sellers’ Securities Agreement”) dated as of the date hereof, by and among Interactive Network, Inc. (the “Issuer”), the subsidiaries of the Issuer, the Parent and the subsidiaries of the Parent, the Holders, and the Agent as administrative agent and collateral agent for the Holders. This Agreement secures the Guaranteed Obligations of the Grantors arising with respect to the Notes.
