MEDIABIN INC
AMENDMENT TO SHORT TERM ADVANCES
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<TYPE>EX-10.4
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<DESCRIPTION>AMENDMENT TO SHORT TERM ADVANCES
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<TITLE>Amendment to Short Term Advances</TITLE>
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  <p align=right> <font size="2" face="Times New Roman"><b>Exhibit 10.4</b></font></p> <p align="center"> <font size="2" face="Times New Roman"><b>AMENDMENT TO SHORT TERM ADVANCES<br> </b><b>DEFERRAL OF PRINCIPAL
PAYMENTS</b></font></p> <p> <font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This amendment to Short Term Advances (the &#147;Amendment&#148;) is made effective as of the 28<sup>th</sup> day of
February 2003, by and among Venturos AS, a Norwegian corporation (the &#147;Lender&#148;) and MediaBin, Inc., a Georgia corporation (the &#147;Borrower&#148;).</font></p> <p align="center"> <font size="2" face="Times New Roman"><b><u>W</u> <u>I</u>
<u>T</u> <u>N</u> <u>E</u> <u>S</u> <u>S</u> <u>E</u> <u>T</u> <u>H</u>:</b></font></p> <p> <font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, Lender is the holder of certain Short Term
Advances from Borrower, as listed below (&#147;Advances&#148;):</font></p>
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<td width="100%" colspan="2" valign="top"> <p> <font size="2" face="Times New Roman">62.&#160; Advance dated September 12, 2002 in the principal amount of $300,000;</font></p> </td> </tr>
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<td width="100%" colspan="2" valign="top"> <p><font size="2" face="Times New Roman">63.&#160; Advance dated September 27, 2002, in the principal amount of $100,000;</font></p> </td> </tr>
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<td width="100%" colspan="2" valign="top"> <p> <font size="2" face="Times New Roman">68.&#160; Advance dated October 4, 2002, in the principal amount of $150,000;</font></p> </td> </tr>
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<td width="100%" colspan="2" valign="top"> <p> <font size="2" face="Times New Roman">69.&#160; Advance dated October 15, 2002, in the principal amount of $175,000;</font></p> </td> </tr>
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<td width="100%" colspan="2" valign="top"> <p> <font size="2" face="Times New Roman">70.&#160; Advance dated October 24, 2002, in the principal amount of $125,000;</font></p> </td> </tr>
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<td width="9%" valign="top"> <p> <font size="2" face="Times New Roman">71.</font></p> </td>
<td width="90%" valign="top"> <p> <font size="2" face="Times New Roman">Advance dated October 30, 2002, in the principal amount of $250,000;</font></p> </td> </tr>
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<td width="9%" valign="top"> <p> <font size="2" face="Times New Roman">72.</font></p> </td>
<td width="90%" valign="top"> <p> <font size="2" face="Times New Roman">Advance dated December 13, 2002, in the principal amount of $60,000;</font></p> </td> </tr>
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<td width="9%" valign="top"> <p> <font size="2" face="Times New Roman">73.</font></p> </td>
<td width="90%" valign="top"> <p> <font size="2" face="Times New Roman">Advance dated December 30, 2002, in the principal amount of $50,000; and</font></p> </td> </tr> </table> <p> <font size="2"
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, Lender and Borrower wish to amend the Advances as hereinafter provided;</font></p> <p> <font size="2"
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, for and in consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Lender and Borrower hereby agree as follows:</font></p> <p> <font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;The payments due upon each of the above Advances will be
deferred until April 1, 2003.&#148;</font></p> <p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as expressly provided herein, all terms and conditions of the Advances remain in full force
and effect.&#160; Nothing herein shall be construed to constitute a novation of the Advances, and the intention of the parties hereto is not to extinguish the Notes.</font></p> <p> <font size="2"
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Amendment shall be construed in accordance with the laws of the State of Georgia.</font></p> <p> <font size="2"
face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, Borrower and Lender have caused this Amendment to be executed, as of the date first above written.</font></p>
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<td width="5%" colspan="2" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="1">&nbsp;</font></p> </td>
<td width="36%" colspan="3" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman"><b>BORROWER:</b></font></p> </td>
<td width="6%" valign="bottom"> <p><font size="1" face="Times new roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size="1" face="Times new roman">&nbsp;</font></p> </td>
<td width="49%" colspan="3" valign="bottom"> <p> <font size="2" face="Times New Roman"><b>LENDER:</b></font></p> </td> </tr>
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<td width="10%" colspan="4" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="1">&nbsp;</font></p> </td>
<td width="30%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman"><b>M<small>EDIABIN</small>, I<small>NC</small>.</b></font></p> </td>
<td width="6%" valign="bottom"> <p><font size="1" face="Times new roman">&nbsp;</font></p> </td>
<td width="14%" colspan="3" valign="bottom"> <p><font size="1" face="Times new roman">&nbsp;</font></p> </td>
<td width="37%" valign="bottom"> <p> <font size="2" face="Times New Roman"><b>V<small>ENTUROS</small> A<small>S</small></b></font></p> </td> </tr>
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<td width="10%" colspan="4" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="1">&nbsp;</font></p> </td>
<td width="30%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="1">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p><font size="1" face="Times new roman">&nbsp;</font></p> </td>
<td width="14%" colspan="3" valign="bottom"> <p><font size="1" face="Times new roman">&nbsp;</font></p> </td>
<td width="37%" valign="bottom"> <p><font size="1" face="Times new roman">&nbsp;</font></p> </td> </tr>
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<td width="1%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="1">&nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p align="center"> <font size="2" face="Times New Roman">By:</font></p> </td>
<td width="33%" colspan="2" valign="bottom"> <p align="center"> <font size="2" face="Times New Roman"><i>/s/ H<small>AINES</small> H<small>ARGRETT</small></i></font></p> </td>
<td width="6%" valign="bottom"> <p><font size="1" face="Times new roman">&nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p> <font size="2" face="Times New Roman">By:</font></p> </td>
<td width="45%" colspan="2" valign="bottom"> <p align="center"> <font size="2" face="Times New Roman"><i>/s/ R<small>UNE</small> D<small>YBESLAND</small></i></font></p> </td> </tr>
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<td width="1%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="1">&nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="1">&nbsp;</font></p> </td>
<td width="33%" colspan="2" valign="bottom"> <hr size="1" width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <p><font size="1" face="Times new roman">&nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p><font size="1" face="Times new roman">&nbsp;</font></p> </td>
<td width="45%" colspan="2" valign="bottom"> <hr size="1" width="100%" noshade color=black> </td> </tr>
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<td width="1%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="1">&nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="2" face="Times New Roman">Name:</font></p> </td>
<td width="33%" colspan="2" valign="bottom"> <p align="center"> <font size="1" face="Times New Roman"><b>Haines Hargrett</b></font></p> </td>
<td width="6%" valign="bottom"> <p><font size="1" face="Times new roman">&nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p> <font size="2" face="Times New Roman">Name:</font></p> </td>
<td width="45%" colspan="2" valign="bottom"> <p align="center"> <font size="1" face="Times New Roman"><b>Rune Dybesland</b></font></p> </td> </tr>
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<td width="1%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="1">&nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Title:</font></p> </td>
<td width="33%" colspan="2" valign="bottom"> <p align="center"> <font size="1" face="Times New Roman"><b>CFO</b></font></p> </td>
<td width="6%" valign="bottom"> <p><font size="1" face="Times new roman">&nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p> <font size="2" face="Times New Roman">Title:</font></p> </td>
<td width="45%" colspan="2" valign="bottom"> <p align="center"> <font size="1" face="Times New Roman"><b>CFO</b></font></p> </td> </tr>
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<td width="1%" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"><font size="1">&nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p style="margin-left:1em; text-indent:-1em"> <font size="2" face="Times New Roman">Date:</font></p> </td>
<td width="33%" colspan="2" valign="bottom"> <p align="center"> <font size="2" face="Times New Roman">2/28/03</font></p> </td>
<td width="6%" valign="bottom"> <p><font size="1" face="Times new roman">&nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p> <font size="2" face="Times New Roman">Date:</font></p> </td>
<td width="45%" colspan="2" valign="bottom"> <p align="center"> <font size="2" face="Times New Roman">2/28/03</font></p> </td> </tr>
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