Filed by Automated Filing Services Inc. (604) 609-0244 - Moventis Capital, Inc. - Form 8-K






GENERAL SECURITY AGREEMENT 

PTL Acquisition Corp. (the “Debtor”) mortgages and
charges in favour of Albion Services Ltd., The Tsang Family Trust, Century
Electronics, Anthony Lee, Paul Heathcote, David McAlpine and Marylin Lee (the
“Secured Party”), and grants to the Secured Party a security interest in,
all of the Debtor’s present and after-acquired personal property, including all
inventory, equipment and fixtures, all contracts, accounts and other
intangibles, and all securities, instruments, chattel paper, money and documents
of title, and also all of the Debtor’s present and after-acquired real property
and other assets and undertaking, (collectively, the “Charged Property”)
to secure payment and performance of all present and future debts, liabilities
and other obligations of the Debtor to the Secured Party (collectively, the
“Secured Obligations”). 

The Debtor will not sell, lease or otherwise dispose of any
Charged Property except that, until default, the Debtor may deal with inventory,
accounts and money in the ordinary course of business. The Debtor will not allow
any Charged Property to be situate outside of British Columbia. The Debtor will
not allow the Debtor’s chief executive office, main place of business or
principal residence to be located outside of British Columbia, nor will the
Debtor change its name or have any other form of name (except upon 10 days’
prior written notice to the Secured Party). 

The Debtor will be in default under this agreement if default
is made in payment or performance of any of the Secured Obligations, or if there
is a default under any document evidencing any of the Secured Obligations, or if
the Secured Party in good faith believes that the prospect of payment or
performance of any of the Secured Obligations is or is about to be impaired or
that any of the Charged Property is or is about to be placed in jeopardy. 

Upon a default hereunder, the Secured Party will have all the
rights and remedies of a secured party under the British Columbia Personal
Property Security Act and of a mortgagee at law or in equity and, in
addition, will be entitled to declare payment and performance of all of the
Secured Obligations to be immediately due, and will be entitled to appoint any
legal person as receiver or receiver and manager (a “Receiver”) of all or
any part of the Charged Property. Any Receiver so appointed will have all the
rights and remedies of the Secured Party (except the right to appoint a
Receiver). Without limiting the rights and remedies referred to above, the
Secured Party and any Receiver may, after default, use any or all of the Charged
Property in the manner and to the extent it considers commercially reasonable,
and may sell, lease or otherwise dispose of the same either for cash or in any
manner involving deferred payment. Neither the Secured Party nor any Receiver
will be obligated to take any necessary or other steps to preserve rights
against others with respect to any securities, instruments or chattel paper now
or hereafter in its possession. 

The Debtor acknowledges receipt of a copy of this agreement and
waives its right to receive copies of all financing statements, financing change
statements and verification statements that may be filed or issued with respect
to the security interests created hereby. 

	Dated: _____________________, 2006 	PTL ACQUISITION CORP. 
	 	 	 
	  	Per: 	
	  	  	Authorized Signatory