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UNITED ONLINE, INC.
NOTE SECURED BY STOCK PLEDGE AGREEMENT
(the "Maker") promises to pay to the order of United Online, Inc., a Delaware corporation (the "Corporation"),
at its corporate offices at 2555 Townsgate Road, Westlake Village, California 91361, the principal sum of __DOCTEXT__nbsp; ,
together with all accrued interest thereon, upon the terms and conditions specified herein.
1. Interest. Interest shall accrue at the rate of [prime plus 1%] [prime plus 2%] per annum, with such rate to be set at
the end of each calendar quarter during which this Note is outstanding, on the outstanding balance under this Note from the
execution date of this Note until this Note is repaid. Interest shall accrue at such rate on the basis of a three hundred sixty
(360) day year, and any interest due and payable for a period of less than one full month shall be calculated by multiplying the
actual number of days elapsed in such period by the daily interest rate based on such three hundred sixty (360)-day year.
Interest shall be payable on the last day of each calendar quarter.
2. Payment. Subject to the acceleration provisions set forth in Section 3, the entire principal balance, together with all
accrued and unpaid interest, shall become payable in one lump sum payment on February 5, 2007. Payments of principal and
interest on this Note shall be made without offset or deduction and shall be made in lawful tender of the United States.
Prepayment of the principal balance of this Note, together with all unpaid and accrued interest on the entire Note balance, may
be made in whole or in part at any time without penalty.
3. Events of Acceleration. The entire outstanding principal amount of this Note, together with all accrued and unpaid
interest, shall become immediately due and payable upon the occurrence of any of the fol