Voice Mobility International, Inc.: Exhibit 10.4 - Filed by newsfilecorp.com






NEITHER THE SECURITY REPRESENTED HEREBY NOR THE SECURITIES
INTO WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR ANY U.S. STATE
SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD,
DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED
HEREIN) EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933
ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR
PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS. HEDGING TRANSACTIONS INVOLVING THE
SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. “UNITED
STATES” AND "U.S. PERSON" ARE AS DEFINED BY REGULATION S UNDER THE 1933
ACT.

UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF
THIS SECURITY AND THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE SHALL
NOT TRADE SUCH SECURITIES BEFORE ________________[4 months + 1 day],
2010.

WITHOUT PRIOR WRITTEN APPROVAL OF THE EXCHANGE AND
COMPLIANCE WITH ALL APPLICABLE SECURITIES LEGISLATION, THE SECURITIES
REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, TRANSFERRED, HYPOTHECATED OR
OTHERWISE TRADED ON OR THROUGH FACILITIES OF THE TSX VENTURE EXCHANGE OR
OTHERWISE IN CANADA OR TO OR FOR THE BENEFIT OF A CANADIAN RESIDENT UNTIL
_______________[4 months +1 day], 2010.

Issue Date: ____________, 2010

Conversion Price (subject to adjustment herein):
CDN$0.05

SECURED CONVERTIBLE DEBENTURE #__________

FOR VALUE RECEIVED, VOICE MOBILITY INTERNATIONAL, INC.
(the “Company”) promises to pay to ______________________or
[his/her/its/their] registered assigns (the “Holder”), the
principal sum of ___________Thousand Dollars (US$_________) in lawful currency
of the United States of America (the “Principal Amount”) on or before
______________, 2011 (the “Maturity Date”), subject to the terms and
conditions hereof. This Debenture shall bear interest calculated per annum at
10%. The Company may prepay any portion of the Principal Amount without the
prior written consent of the Holder subject, however, to the provisions of
Section 5 below.

This Debenture is subject to the following additional terms and
conditions:

	1. 	
      Definitions

	 	 	 
	1.1 	
      For the purposes hereof, in addition to the terms defined
      elsewhere in this Debenture: (i) capitalized terms not otherwise defined
      herein have the meanings given to such terms in the Subscription
      Agreement, and (ii) the following terms shall have the following
      meanings:

	 	 	 
		(a) 	
      “Business Day” means any day except Saturday,
      Sunday and any day which shall be a federal legal holiday in Canada or a
      day on which banking institutions in the Province of British Columbia are
      authorized or required by law or other government action to
  close;








	 	(b) 	
      “Common Stock” means the common stock, of the
      Company and stock of any other class into which such Common Stock may
      hereafter have been reclassified or changed;

	 	 	 
	 	(c) 	
      “Conversion Date” has the meaning set forth in
      subsection 6.2 hereof;

	 	 	 
	 	(d) 	
      “Conversion Price” means $0.05 per share of Common
      Stock;

	 	 	 
	 	(e) 	
      “Conversion Unit” means one share of Common Stock
      and one Warrant to be issued upon conversion, from time-to-time, of any
      portion of the Principal Amount;

	 	 	 
	 	(f) 	
      “Debenture” means this unsecured convertible
      debenture;

	 	 	 
	 	(g) 	
      “Exchange” means the Toronto Stock
  Exchange;

	 	 	 
	 	(h) 	
      “Exchange Act” means the United States
      Securities Exchange Act of 1934, as amended, and the rules and
      regulations promulgated thereunder;

	 	 	 
	 	(i) 	
      “Issue Date” means _________________,
  2010;

	 	 	 
	 	(j) 	
      “Maturity Date” means _______________,
  2011;

	 	 	 
	 	(k) 	
      “Person” means a corporation, association,
      partnership, organization, business, individual, government or political
      subdivision thereof;

	 	 	 
	 	(l) 	
      “Principal Amount” means the principal amount as
      may be due and owing by the Company to the Holder from time to time under
      this Debenture;

	 	 	 
	 	(m) 	
      “Subscription Agreement” means the Subscription
      Agreement, dated as of ___________, 2010, to which the Company and the
      Holder are parties and pursuant to which the Holder agreed to purchase
      this Debenture;

	 	 	 
	 	(n) 	
      “Trading Day” means a day on which the shares of
      Common Stock are traded on the Exchange or other trading market on which
      the shares of Common Stock are then listed or quoted, provided,
      that in the event that the shares of Common Stock are not listed or
      quoted, then Trading Day shall mean a Business Day; and

	 	 	 
	 	(o) 	
      “Warrant” means the right to purchase one
      additional share of Common Stock at an exercise price of $0.10 for a
      period of 24 months from the Conversion Date.




	1.2 	
      Unless otherwise provided, all dollar amounts referred to
      in this Debenture are in lawful money of Canada.

	 	 
	2. 	
      Subscription Agreement

	 	 
	2.1 	
      This Debenture has been issued pursuant to the
      Subscription Agreement, is subject in all respects to the terms of the
      Subscription Agreement, and incorporates the terms of the Subscription
      Agreement to the extent that they do not conflict with the terms of this
      Debenture. This Debenture may be transferred or exchanged only in
      compliance with the Subscription Agreement and applicable securities laws
      and regulations.

	 	 
	3. 	
      Security

	 	 
	3.1 	
      The Debenture is secured by a security interest in all of
      the assets of the Company as evidenced by the General Security Agreement
      dated for reference ________________, 2010 between the Holder and the
      Company.








	4. 	
      Interest and Usury

	 	 
	4.1 	
      The Principal Amount outstanding from time to time shall
      bear interest both before and after maturity, default and judgment from
      and including the Issue Date to the date of repayment in full at a rate of
      10% per annum. Such interest will be calculated daily, not in advance, on
      the basis of a year of 365 days. Interest on overdue interest shall be
      calculated at the same rate and is payable on demand.

	 	 
	4.2 	
      If it shall be found that any amount deemed to be
      interest due hereunder violates applicable laws governing usury, the
      applicable rate of interest due hereunder shall automatically be lowered
      to equal the maximum permitted rate of interest. The Company covenants (to
      the extent that it may lawfully do so) that it shall not at any time
      insist upon, plead, or in any manner whatsoever claim or take the benefit
      or advantage of, any stay, extension or usury law or other law which would
      prohibit or forgive the Company from paying all or any portion of the
      Principal Amount of this Debenture or accrued interest thereon as
      contemplated herein, wherever enacted, now or at any time hereafter in
      force, or which may affect the covenants or the performance of this
      Debenture, and the Company (to the extent it may lawfully do so) hereby
      expressly waives all benefits or advantage of any such law, and covenants
      that it will not, by resort to any such law, hinder, delay or impede the
      execution of any power herein granted to the Holder, but will suffer and
      permit the execution of every such power of the Holder as though no such
      law has been enacted.

	 	 
	5. 	
      Prepayment

	 	 
	5.1 	
      The Company shall have the right to prepay all or any
      part of sums due under this Debenture at any time, without penalty or
      prepayment premium, upon the Company giving to the Holder at least 10
      calendar days prior written notice of the Company’s intent to make a
      prepayment (a “Prepayment Notice”).

	 	 
	5.2 	
      The prepayment (less any tax required to be withheld by
      the Company) shall be paid by cheque or by such other reasonable means as
      the Company deems desirable. The mailing of such cheque from the Company's
      registered office, or the payment by such other reasonable means as the
      Company deems desirable, on or before the prepayment date shall be deemed
      to be payment on the prepayment date unless the cheque is not paid upon
      presentation or payment by such other means is not received.
      Notwithstanding the foregoing, the Company shall be entitled to require at
      any time, and from time to time, that the prepayment be paid to the Holder
      only upon presentation and surrender at the registered office of the
      Company or at any other place or places in British Columbia designated by
      the Prepayment Notice. If only a part of the Debenture is to be prepaid, a
      new certificate for the balance shall be issued at the expense of the
      Company.

	 	 
	5.3 	
      At any time after a Prepayment Notice is given, the
      Company shall have the right to deposit the amount of the prepayment with
      any chartered bank or banks or with any trust company or trust companies
      in British Columbia named for such purpose in the Prepayment Notice to the
      credit of a special account or accounts in trust for Holder, to be paid to
      it upon surrender to such bank or banks or trust company or trust
      companies of the certificate or certificates representing the Debenture.
      Upon such deposit or deposits being made or upon the prepayment date,
      whichever is later, the Debenture shall be and be deemed to be paid and
      the rights of the Holder shall be limited to receiving, without interest,
      the amount so deposited. Any interest allowed on such deposit or deposits
      shall accrue to the Company.

	 	 
	6. 	
      Conversion

	 	 
	6.1 	
      At any time after the Issue Date until the Maturity Date,
      and provided that this Debenture is then outstanding, the Company is not
      subject to a cease trade order by any regulatory authority, and its shares
      of Common Stock are traded on the Exchange, TSX Venture Exchange or
      similar stock exchange, the Principal Amount then outstanding, excluding
      any accrued interest thereon (the “Accrued Interest”), may be
      converted into Conversion Units at the option of the Holder, in whole or
      in part, at any time and from time to time. At the time of conversion, the
      Holder may elect to have the Accrued Interest converted into shares of
      common stock at the a price per share equal to the volume weighted average
      trading price of shares of common stock, calculated by dividing the total
      value by the total volume of securities traded for the five trading days
      immediately preceding the Conversion Date.








	6.2 	
      The Holder shall effect conversions by delivering to the
      Company the form of Notice of Conversion attached hereto as Annex A
      (a “Notice of Conversion”), specifying the amount of the
      Principal Amount to be converted and the date on which such conversion is
      to be effected (a “Conversion Date”), which shall not be less than
      ten (10) days following the date of delivery of the Notice of Conversion.
      If no Conversion Date is specified in a Notice of Conversion, the
      Conversion Date shall be the date that is ten (10) days following the date
      of delivery of the Notice of Conversion. To effect conversions hereunder,
      the Holder shall not be required to physically surrender the Debenture to
      the Company unless the entire Principal Amount has been
  converted.

	 	 
	6.3 	
      Conversions hereunder shall have the effect of lowering
      the outstanding Principal Amount in an amount equal to the applicable
      amount of the Principal Amount being converted. The Holder and the Company
      shall maintain records showing the Principal Amount converted and the date
      of such conversions. The Company shall deliver any objection to any Notice
      of Conversion within five business days of receipt of such notice. The
      Holder, by acceptance of this Debenture, acknowledges and agrees that
      following conversion of a portion of this Debenture, the unpaid and
      unconverted Principal Amount may be less than the amount stated on the
      face hereof.

	 	 
	6.4 	
      The number of Conversion Units issuable upon a conversion
      shall be determined by the quotient obtained by dividing (x) by
      (y) where (x) is equal to the amount of the Principal Amount
      to be converted and (y) is the Conversion Price.

	 	 
	6.5 	
      Not later than ten (10) Trading Days after any Conversion
      Date, the Company will deliver to the Holder certificates representing the
      Conversion Units which shall bear such restrictive legends and trading
      restrictions as are required by applicable laws, representing the number
      of shares of Common Stock and Warrants being acquired.

	 	 
	6.6 	
      If the Company shall at any time or from time to time
      while any Principal Amount is still outstanding, effect a subdivision or
      reverse stock split of the outstanding Common Stock, the Conversion Price
      in effect immediately before a subdivision shall be proportionately
      decreased, and, conversely, the Conversion Price in effect immediately
      before a reverse stock split shall be proportionately increased. Any
      adjustment under this subsection 6.6 shall become effective at the close
      of business on the date the subdivision or reverse stock split becomes
      effective.

	 	 
	6.7 	
      If the Company at any time or from time to time while any
      Principal Amount is still outstanding, issues, or fixes a record date for
      the determination of holders of Common Stock entitled to receive, a
      dividend or other distribution payable solely in additional shares of
      Common Stock, the Conversion Price that is then in effect shall be
      decreased as of the time of such issuance or, in the event such record
      date is fixed, as of the close of business on such record date, by
      multiplying the Conversion Price by a fraction (i) the numerator of which
      is the total number of shares of Common Stock issued and outstanding
      immediately prior to the time of such issuance or the close of business on
      such record date, and (ii) the denominator of which is the sum of the
      total number of shares of Common Stock issued and outstanding immediately
      prior to the time of such issuance or the close of business on such record
      date plus the number of shares of Common Stock issuable in payment of such
      dividend or distribution; provided, however, that if such record date is
      fixed and such dividend is not fully paid or if such distribution is not
      fully made on the date fixed therefor, the Conversion Price shall be
      recomputed accordingly as of the close of business on such record date and
      thereafter the Conversion Price shall be adjusted pursuant to this
      subsection 6.7 to reflect the actual payment of such dividend or
      distribution.

	 	 
	6.8 	
      If the Company at any time or from time to time while any
      Principal Amount is still outstanding, issues, or fixes a record date for
      the determination of holders of Common Stock entitled to receive, a
      dividend or other distribution payable in securities of the Company other
      than shares of Common Stock or in other property, in each such event
      provision shall be made so that the Holder shall receive upon conversion
      hereof, in addition to the number of Conversion Units receivable hereupon,
      the amount of securities of the Company or other property which the Holder
      would have received had this Debenture been converted into Common Stock on
      the date of such event and had it thereafter, during the period from the
      date of such event to and including the conversion date, retained such
      securities or other property receivable by it
as aforesaid during such period, subject to all other
      adjustments called for during such period under this subsection 6.8 with
      respect to the rights of the Holder or with respect to such other
      securities or other property by their terms. As used herein, the term
  “other property” does not include cash.









	6.9 	
      If at any time or from time to time while any Principal
      Amount is still outstanding, the Conversion Units issuable upon the
      conversion of this Debenture are changed into the same or a different
      number of shares of any class or series of stock, whether by
      recapitalization, reclassification or otherwise (other than a subdivision
      or reverse stock split or stock dividend or a reorganization, merger,
      consolidation or sale of assets provided for elsewhere in this Section 6),
      then in any such event the Holder shall have the right thereafter to
      convert this Debenture into the kind and amount of stock and other
      securities and property receivable upon such recapitalization,
      reclassification or other change by holders of the number of shares of
      Common Stock into which this Debenture could have been converted
      immediately prior to such recapitalization, reclassification or change,
      all subject to further adjustment as provided herein or with respect to
      such other securities or property by the terms thereof.

	 	 
	6.10 	
      Upon a conversion hereunder, the Company shall not be
      required to issue stock or warrant certificates representing fractions of
      Conversion Units, and the Holder shall be entitled to receive, in lieu of
      the final fraction of a Conversion Unit, cash equal to the value of such
      fraction of a Conversion Unit.

	 	 
	6.11 	
      If at any time while this Debenture is outstanding, (i)
      the Company effects any merger or consolidation of the Company with or
      into another entity, (ii) the Company effects any sale of all or
      substantially all of its assets in one or more transactions, (iii) any
      tender offer or exchange offer (whether by the Company or another entity)
      is completed pursuant to which holders of Common Stock are permitted to
      tender or exchange their shares for other securities, cash or property, or
      (iv) the Company effects any reclassification of the Common Stock or any
      compulsory share exchange pursuant to which the Common Stock is
      effectively converted into or exchanged for other securities, cash or
      property (other than a subdivision or reverse stock split or stock
      dividend or a reorganization, merger, consolidation or sale of assets
      provided for elsewhere in this Section 5) (in any such case, a
      “Fundamental Change”), then upon any subsequent conversion of this
      Debenture, the Holder shall have the right to receive, for each Conversion
      Unit that would have been issuable upon such conversion absent such
      Fundamental Change, the same kind and amount of securities, cash or
      property as it would have been entitled to receive upon the occurrence of
      such Fundamental Change if it had been, immediately prior to such
      Fundamental Change, the holder of one share of Common Stock (the
      “Alternate Consideration”). If holders of Common Stock are given
      any choice as to the securities, cash or property to be received in a
      Fundamental Change, then the Holder shall be given the same choice as to
      the Alternate Consideration it receives upon any conversion of this
      Debenture following such Fundamental Change. In the event of a Fundamental
      Change, the Company or the successor or purchasing entity, as the case may
      be, shall execute with the Holder a written agreement providing
    that:





	 	(a) 	
      this Debenture shall thereafter entitle the Holder to
      purchase the Alternate Consideration;

	 	 	 
	 	(b) 	
      in the case of any such successor or purchasing entity,
      upon such consolidation, merger, statutory exchange, combination, sale or
      conveyance such successor or purchasing entity shall be jointly and
      severally liable with the Company for the performance of all of the
      Company’s obligations under this Debenture and the Subscription Agreement
      entered into in connection with the issuance of this Debenture;
  and

	 	 	 
	 	(c) 	
      if registration or qualification is required under the
      Exchange Act or other applicable securities laws for the public resale by
      the Holder of shares of stock and other securities so issuable upon
      conversion of this Debenture, such registration or qualification shall be
      completed prior to such reclassification, change, consolidation, merger,
      statutory exchange, combination or sale.








	6.12 	
      If, in the case of any Fundamental Change, the Alternate
      Consideration includes shares of stock, other securities, other property
      or assets of an entity other than the Company or any such successor or
      purchasing entity, as the case may be, in such Fundamental Change, then
      such written agreement shall also be executed by such other entity and
      shall contain such additional provisions to protect the interests of the
      Holder as the board of directors of the Company shall reasonably consider
      necessary by reason of the foregoing. At the Holder’s request, any
      successor to the Company or surviving entity in such Fundamental Change
      shall issue to the Holder a new Debenture consistent with the foregoing
      provisions and evidencing the Holder’s right to convert such Debenture
      into Alternate Consideration. The terms of any agreement pursuant to which
      a Fundamental Change is effected shall include terms requiring any such
      successor or surviving entity to comply with the provisions of this
      section and insuring that this Debenture (or any such replacement
      security) will be similarly adjusted upon any subsequent transaction
      analogous to a Fundamental Change.

	 	 	 
	7. 	
      Events of Default

	 	 	 
	7.1 	
      The occurrence of any of the following shall constitute
      an “Event of Default” under this Note:

	 	 	 
		(a) 	
      the Company failing to pay (i) any Principal Amount or
      interest payment hereof on the due date hereunder or (ii) any other
      payment required under the terms of this Debenture on the date due and
      such failure continuing for ten (10) days after written notice thereof is
      delivered to the Company;

	 	 	 
		(b) 	
      the Company failing to observe or perform any other
      covenant or agreement contained in this Debenture or the Subscription
      Agreement which failure is not cured, if possible to cure, within thirty
      (30) calendar days after notice of such default is sent by the Holder to
      the Company;

	 	 	 
		(c) 	
      any representation, warranty, certificate, or other
      statement (financial or otherwise) made or furnished by or on behalf of
      the Company to the Holder in writing in connection with this Debenture or
      the Subscription Agreement being false, incorrect, incomplete or
      misleading in any material respect when made or furnished;

	 	 	 
		(d) 	
      the Company (i) applying for or consenting to the
      appointment of a receiver, trustee, liquidator or custodian of itself or
      of all or a substantial part of its property, (ii) being unable, or
      admitting in writing its inability, to pay its debts generally as they
      mature, (iii) making a general assignment for the benefit of its or any of
      its creditors, (iv) being dissolved or liquidated in full or in part (v)
      commencing a voluntary case or other proceeding seeking liquidation,
      reorganization or other relief with respect to itself or its debts under
      any bankruptcy, insolvency or other similar law now or hereafter in effect
      or consenting to any such relief or to the appointment of or taking
      possession of its property by any official in an involuntary case or other
      proceeding commenced against it, or (vi) taking any action for the purpose
      of effecting any of the foregoing;

	 	 	 
		(e) 	
      proceedings for the appointment of a receiver, trustee,
      liquidator or custodian of the Company or of all or a substantial part of
      the property thereof, or an involuntary case or other proceedings seeking
      liquidation, reorganization or other relief with respect to the Company or
      the debts thereof under any bankruptcy, insolvency or other similar law
      now or hereafter in effect being commenced and an order for relief entered
      or such proceeding is not dismissed or discharged within thirty (30) days
      of commencement; or

	 	 	 
		(f) 	
      one or more judgments for the payment of money in an
      amount in excess of One Million Dollars (US$1,000,000) in lawful money of
      the United States of America in the aggregate, outstanding at any one
      time, being rendered against the Company and the same remaining
      undischarged for a period of thirty (30) days during which execution shall
      not be effectively stayed, or any judgment, writ, assessment, warrant of
      attachment, or execution or similar process being issued or levied against
      a substantial part of the property of the Company and such judgment, writ,
      or similar process is not released, stayed, vacated or otherwise dismissed
      within thirty (30) days after issue or levy.








	7.2 	
      Upon the occurrence or existence of any Event of Default
      and following the expiry of any applicable grace periods (other than an
      Event of Default referred to in subsections 7.1(e) or 7.1(f) hereof) and
      at any time thereafter during the continuance of such Event of Default,
      the Holder may, by written notice to the Company, declare all outstanding
      amounts payable by the Company hereunder to be immediately due and payable
      without presentment, demand, protest or any other notice of any kind, all
      of which are hereby expressly waived, anything contained herein to the
      contrary notwithstanding. Upon the occurrence or existence of any Event of
      Default described in subsections 7.1(e) or 7.1(f) hereof, immediately and
      without notice, all outstanding amounts payable by the Company hereunder
      shall automatically become immediately due and payable, without
      presentment, demand, protest or any other notice of any kind, all of which
      are hereby expressly waived, anything contained herein to the contrary
      notwithstanding. In addition to the foregoing remedies, upon the
      occurrence or existence of any Event of Default, the Holder may exercise
      any other right, power or remedy permitted to it by law, either by suit in
      equity or by action at law, or both.

	 	 
	8. 	
      Notices

	 	 
	8.1 	
      Any notice required or permitted to be given to the
      Company will be in writing and may be given by prepaid registered post,
      electronic facsimile transmission or other means of electronic
      communication capable of producing a printed copy to the address of the
      Company set forth below or such other address as the Company may specify
      by notice in writing to the Holder, and any such notice will be deemed to
      have been given and received by the Company to whom it was addressed if
      mailed, on the third day following the mailing thereof, if by facsimile or
      other electronic communication, on successful transmission, or, if
      delivered, on delivery; but if at the time or mailing or between the time
      of mailing and the third business day thereafter there is a strike,
      lockout, or other labour disturbance affecting postal service, then the
      notice will not be effectively given until actually
  delivered:



Voice Mobility International, Inc.

107 - 645 Fort Street 
Victoria, British Columbia V8W 1G2

with a copy, which shall not
constitute notice, to:

Clark Wilson LLP 
Barristers and
Solicitors 
800 – 885 West Georgia Street
 Vancouver, British Columbia V6C
3H1

Attention: Virgil Z. Hlus 
Fax:
(604) 687-6314

	9. 	
      Exchange or Replacement of Debenture

	 	 
	9.1 	
      The Holder may, at its option, in person or by duly
      authorized attorney, surrender this Debenture for exchange, at the
      principal business office of the Company, and receive in exchange
      therefore, a new Debenture in the same principal amount as the unpaid
      Principal Amount of this Debenture and bearing interest at the same annual
      rate as this Debenture, each such new Debenture to be dated as of the date
      of this Debenture and to be in such Principal Amount as remains unpaid and
      payable to such Holder.

	 	 
	9.2 	
      Upon receipt by the Company of evidence satisfactory to
      it of the loss, theft, destruction, or mutilation of this Debenture and
      (in the case of loss, theft or destruction) of an indemnity reasonably
      satisfactory to it, and upon surrender and cancellation of this Debenture,
      if mutilated, the Company will deliver a new Debenture of like tenor in
      lieu of this Debenture. Any Debenture delivered in accordance with the
      provisions of this subsection 9.2 shall be dated as of the date of this
      Debenture.








	10. 	
      Governing Law

	 	 
	10.1 	
      All questions concerning the construction, validity,
      enforcement and interpretation of this Debenture shall be governed by and
      construed and enforced in accordance with the laws of the Province of
      British Columbia and the federal laws of Canada applicable therein,
      without regard to the principles of conflicts of law thereof.

	 	 
	11. 	
      Waivers

	 	 
	11.1 	
      The Company hereby waives presentment, demand for
      payment, notice of dishonor, notice of protest and all other notices or
      demands in connection with the delivery, acceptance, performance or
      default of this Debenture. No delay by the Holder in exercising any power
      or right hereunder shall operate as a waiver of any power or right, nor
      shall any single or partial exercise of any power or right preclude other
      or further exercise thereof, or the exercise thereof, or the exercise of
      any other power or right hereunder or otherwise; and no waiver whatsoever
      or modification of the terms hereof shall be valid unless set forth in
      writing by the Holder and then only to the extent set forth
  therein.

	 	 
	12. 	
      Amendments.

	 	 
	12.1 	
      Subject to the provisions of the Subscription Agreement,
      this Debenture may not be amended without the express written consent of
      both the Company and the Holder.

	 	 
	13. 	
      Severability

	 	 
	13.1 	
      If any provision of this Debenture is invalid, illegal or
      unenforceable, the balance of this Debenture shall remain in effect, and
      if any provision is inapplicable to any Person or circumstance, it shall
      nevertheless remain applicable to all other Persons and
    circumstances.

	 	 
	14. 	
      Next Business Day

	 	 
	14.1 	
      Whenever any payment or other obligation hereunder shall
      be due on a day other than a Business Day, such payment shall be made on
      the next succeeding Business Day.

	 	 
	15. 	
      Time of the Essence

	 	 
	15.1 	
      Time will be of the essence of this
  Debenture.



IN WITNESS WHEREOF, the Company has caused this Secured
Convertible Debenture #<> to be duly executed by a duly authorized officer
as of the date first above indicated.

VOICE MOBILITY INTERNATIONAL, INC.

Per:
__________________
        Authorized
Signatory




ANNEX A

NOTICE OF CONVERSION

The undersigned hereby irrevocably elects to convert principal
due under the Debenture of VOICE MOBILITY INTERNATIONAL, INC. British
Columbia corporation (the “Company”), into Conversion Units according to
the terms and conditions of the Debenture, as of the date written below. If
Conversion Units are to be issued in the name of a Person other than the
undersigned, the undersigned will pay all transfer taxes payable with respect
thereto and is delivering herewith such certificates and opinions as reasonably
requested by the Company in accordance therewith. No fee will be charged to the
holder for any conversion, except for such transfer taxes, if any. Capitalized
terms used herein and not otherwise defined shall have the meanings set out in
the Debenture.

The undersigned agrees to comply with the prospectus delivery
requirements under the applicable securities laws in connection with any
transfer of the aforesaid Conversion Units.

	Conversion Date: 	 
    
	 	 
	Applicable Conversion Price: 	$0.05
    
	 	 
	Amount to be converted: 	$
  
	 	 
	Number of Conversion Units 	  
	to be issued: 	 
    
	  	  
	Principal Amount of Debenture 	$
  
	unconverted: $ 	  
	 	 
	Please issue the Conversion 	  
	Units in the following name and 	 
    
	to the following address: 	 
    
	 	 
	  	  
	Signature of the Holder: 	 
    
	 	 
	Name: 	 
    
	  	  
	Address: 	 
    
	 	 
	 	 
	 	 
	Phone Number: