Document:

Exhibit 10.18

SECURITIES ACCOUNT
PLEDGE AGREEMENT

THIS
SECURITIES ACCOUNT PLEDGE AGREEMENT (this “Agreement”) is dated March 23, 2007
by INFOLOGIX SYSTEMS CORPORATION (formerly known as
InfoLogix Inc.), a Delaware corporation (the “Pledgor”) for benefit of SOVEREIGN BANK (the  “Bank”). Pledgor, intending to be
legally bound hereby, agrees as follows:

1.   DEFINITIONS.   For
purposes of this Agreement,

1.1   “Bank Indebtedness”
shall mean all obligations and indebtedness of Borrower and/or Pledgor to Bank,
whether now or hereafter owing or existing, including, without limitation, all
obligations under the Loan Documents, all obligations of Pledgor to reimburse
Bank for payments made by Bank at any time or from time to time for the
preservation and/or protection of the Collateral, all other obligations or
undertakings now or hereafter made by or for the benefit of Borrower and/or
Pledgor to or for the benefit of Bank under any other agreement, promissory
note or undertaking now existing or hereafter entered into by Borrower and/or
Pledgor with Bank, including, without limitation, all obligations of Borrower
and/or Pledgor to Bank under any guaranty or surety agreement, and all obligations of Borrower
and/or Pledgor to immediately pay to Bank the amount of any overdraft on any
deposit account maintained with Bank, together with all interest and other sums
payable in connection with any of the foregoing.

1.2   “Borrower” shall mean jointly,
severally and collectively, Opt Acquisition, LLC a Pennsylvania limited
liability company, Embedded Technologies, LLC a Delaware limited liability
company and Pledgor.

1.3   “Code”
shall mean the Uniform Commercial Code as adopted by the Commonwealth of
Pennsylvania, as the same may be amended from time to time.

1.4   “Collateral”
shall mean (a) the Securities Account, and (b) all dividends, cash,
securities, investment property, financial assets and other property from time
to time on deposit in, or issued, paid, declared and/or distributed in
connection with, the Securities Account, or any portion thereof, and
(c) all cash, securities, investment property, financial assets and other
property paid, issued and/or distributed to or for the benefit of Pledgor in
exchange, redemption or substitution for the Securities Account or any property
therein, or any portion thereof, and (d) all other cash, securities,
investment property, financial assets, rights to issue entitlement orders, and
other property paid, issued and/or distributed to or for the benefit of Pledgor
in connection with, or otherwise existing as a consequence of, Pledgor’s
ownership of the Securities Account, or any portion thereof, and (e) all
proceeds of the foregoing.

1.5   “Event of Default”
shall mean any and all events described in Section 8 below.

1.6   “Loan Agreement” shall mean
that certain Loan and Security Agreement dated March 16, 2006 by and among
Borrower and Bank (as amended by that certain First Amendment and Modification
to Loan and Security Agreement dated August 25, 2006, that Second
Amendment and Modification to Loan and Security Agreement dated
October 31, 2006, that Third Amendment and Modification to Loan and Security
Agreement dated of even date herewith and as the same may hereafter be amended,
modified, supplemented or restated from time to time).

1.7   “Loan Documents”
shall mean all agreements, documents and/or instruments evidencing the Bank
Indebtedness and all agreements, documents and instruments collateral thereto,
together with all amendments, replacements, increases, renewals and
modifications of any of the foregoing, including without limitation this
Agreement, the Loan Agreement, as any of the foregoing may be amended, restated
or replaced from time to time.

1.8   “Securities Account” shall
mean that certain account of Pledgor maintained with Sovereign Bank Capital Markets, a division of Bank, having Account
No. INF05268, together with all substitutions or replacements therefor,
all property from time to time therein, and all proceeds thereof.

All capitalized
terms not defined herein shall have the meanings given such term in the Loan
Agreement. Terms used herein which are defined in the Code shall have the
meanings given such terms in the Code.

2.   SECURITY
INTEREST.   Pledgor hereby pledges and grants to Bank a
security interest in and a lien on the Collateral.

3.   EFFECT
OF GRANT.   The pledge of Collateral granted to Bank by
Pledgor hereunder shall not be rendered void by the fact that no Bank
Indebtedness exists as of a particular date, but shall continue in full force
and effect until all Bank Indebtedness have been paid in full and Bank has no
agreement or commitment outstanding pursuant to which Bank may extend credit to
or on behalf of Borrower or Pledgor and Bank has executed and delivered
termination statements and/or releases.

4.   OBLIGATIONS
SECURED.   The Collateral and the continuing security
interest granted therein shall secure all Bank Indebtedness. IT IS THE EXPRESS
INTENTION OF PLEDGOR THAT THE COLLATERAL SHALL SECURE ALL BORROWER’S AND
PLEDGOR’S EXISTING AND FUTURE OBLIGATIONS UNDER THE LOAN DOCUMENTS OR
OTHERWISE.

5.   DELIVERY.   All
original certificates and instruments representing or evidencing the
Collateral, or any portion thereof, shall be delivered to and held by or on
behalf of Bank pursuant hereto and shall be in suitable form for transfer by
delivery, or shall be accompanied by duly executed instruments of transfer or
assignments in blank, all in form and substance satisfactory to Bank and with
guaranteed signature(s). If a broker or agent is holding the certificates and/or
instruments evidencing the Collateral or all or any part of the Collateral is
held in a securities account, Pledgor shall either (a) cause such broker
and/or agent to execute and deliver to Bank a control agreement acknowledging
this Agreement and perfecting Bank’s security interest in the Collateral, which
agreement shall be in form and content acceptable to Bank in its sole
discretion, or (b) authorize such broker or agent to transfer Pledgor’s
account in which such Collateral is held to Bank’s name, as nominee.

6.   REPRESENTATIONS AND WARRANTIES.   Pledgor
hereby represents and warrants as follows, which representations and warranties
shall be true and correct as of the date hereof, at the time of the creation of
any Bank Indebtedness and until the Bank Indebtedness has been paid in full:

6.1   Valid Organization; Good
Standing and Qualification. Pledgor is a corporation duly
incorporated, validly existing and in good standing under the laws of the State
of Delaware, has full power and authority to execute, deliver and comply with
the Loan Documents, and to carry on its business as it is now being conducted
and is duly licensed or qualified as a foreign corporation in good standing
under the laws of each other jurisdiction in which the character or location of
the properties owned by it or the business transacted by it requires such
licensing or qualification.

6.2   Title to Collateral. The
Collateral is and will be owned by Pledgor free and clear of all liens and
other encumbrances of any kind (including liens or other encumbrances upon
properties acquired or to be acquired under conditional sales agreements or
other title retention devices), excepting only liens in favor of the Bank.
Pledgor will defend the Collateral against any claims of all persons or
entities other than the Bank.

6.3   Due Authorization and Issuance; Restrictions.
The Collateral consisting of securities have been duly authorized and issued to
or for the benefit of Pledgor by the respective issuer and are outstanding,
fully paid and non-assessable.

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6.4   Due Authorization; No Legal Restrictions.
The execution and delivery by Pledgor of this Agreement, the consummation of
the transactions contemplated hereby and the fulfillment and compliance with
the respective terms, conditions and provisions of this Agreement:
(a) will not conflict with or result in a breach of, or constitute a
default (or might, upon the passage of time or the giving of notice or both,
constitute a default) under any of Pledgor’s formation or governing documents
or under any of the terms, conditions or provisions of any applicable statute,
law, rule, regulation or ordinance or any indenture, mortgage, loan or credit
agreement or instrument to which Pledgor is a party or by which Pledgor may be
bound or affected, or any judgment or order of any court or governmental
department, commission, board, bureau, agency or instrumentality, domestic or
foreign, and (b) will not result in the creation or imposition of any
lien, charge or encumbrance of any nature whatsoever upon any of the property
or assets of Pledgor, including the Collateral, under the terms or provisions
of any such agreement or instrument, except liens in favor of Bank. Neither the
Pledgor nor the Collateral is subject to the terms of any member, manager,
shareholder, voting, buy-sell or other agreement affecting the Collateral,
including, without limitation, the sale, transfer or voting thereof.

6.5   Governmental Consents. No
consent, approval or authorization of or designation, declaration or filing
with any governmental authority by Pledgor is required in connection with the
execution, delivery or performance by Pledgor of this Agreement or the
consummation of the transactions contemplated hereby.

6.6   Pending Litigation or Proceedings.
There are no judgments outstanding or actions, suits or proceedings pending or,
to the best of Pledgor’s knowledge, threatened against or affecting Pledgor or
the Collateral, or any portion thereof, at law or in equity or before or by any
federal, state, municipal or other governmental department, commission, board,
bureau, agency or instrumentality, domestic or foreign.

6.7   Taxes. Pledgor has filed all
tax returns which Pledgor is required to file and has paid, or made provision
for the payment of, all taxes which have or may have become due pursuant to such
returns or pursuant to any assessment received by Pledgor except such taxes, if
any, as are being contested in good faith and as to which adequate reserves
have been provided. Such tax returns are complete and accurate in all respects.
Pledgor does not know of any proposed additional assessment or basis for any
assessment of additional taxes.

6.8   Accuracy of Representations and Warranties.
No representation or warranty by Pledgor contained herein or in any certificate
or other document furnished by Pledgor pursuant hereto or in connection
herewith fails to contain any statement of material fact necessary to make such
representation or warranty not misleading in light of the circumstances under
which it was made. There is no fact which Pledgor knows or should know and has
not disclosed to Bank, which does or may materially and adversely affect
Pledgor, or the Collateral, or any portion thereof.

7.   COVENANTS.   Pledgor
covenants and agrees that until the Bank Indebtedness has been paid in full,
Pledgor shall:

7.1   Payment of Bank Indebtedness.
Pay, or cause to be paid, when due all amounts payable by Pledgor to Bank.

7.2   Adherence to Documents.
Not take any action prohibited by the Loan Agreement or the other Loan
Documents.

7.3   Creation of Liens.
Not create, incur or permit to exist any mortgage, pledge, encumbrance, lien,
security interest or change of any kind on the Collateral, or any portion
thereof, except as contemplated hereby.

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7.4   Taxes; Claims for Labor and Materials.
Pledgor will pay or cause to be paid when due all taxes, assessments,
governmental charges or levies imposed upon Pledgor or Pledgor’s income,
profits, or any property belonging to Pledgor, including without limitation all
withholding taxes, and all claims for labor, materials and supplies which, if
unpaid, might become a lien or charge upon any of its properties or assets.

7.5   Additional Documents and Future Actions.
Pledgor will, at its sole cost, take such actions and provide Bank from time to
time with such agreements, financing statements and additional instruments,
documents or information as the Bank may reasonably deem necessary or advisable
to perfect, protect and maintain the security interests in the Collateral, or
any portion thereof, to permit Bank to protect its interest in the Collateral,
or any portion thereof, or to carry out the terms of the Loan Documents.
Pledgor hereby authorizes and appoints Bank as its attorney-in-fact, with full
power of substitution, to take such actions as Bank may deem advisable to
protect the Collateral and its interests thereon and its rights hereunder, to
execute on Pledgor’s behalf and file at Pledgor’s expense financing statements,
and amendments thereto, in those public offices deemed necessary or appropriate
by Bank to establish, maintain and protect a continuously perfected security
interest in the Collateral, including, without limitation, to receive, endorse
and collect all certificates, instruments and securities made payable to or
issued to Pledgor representing any dividend, interest, or other distribution in
respect of the Collateral, or any portion thereof, and to execute on Pledgor’s
behalf such other documents and notices as Bank may deem advisable to protect
the Collateral and Bank’s interests therein and Bank’s rights hereunder. Such
power being coupled with an interest is irrevocable. Pledgor irrevocably
authorizes the filing of a carbon, photographic or other copy of this Agreement,
or of a financing statement, as a financing statement and agrees that such
filing is sufficient as a financing statement.

7.6   Requested Information. With
reasonable promptness, deliver to Bank all such other data and information in
respect of the financial condition and affairs of Pledgor and the value of the
Collateral, as Bank may reasonably request from time to time.

8.   EVENTS
OF DEFAULT.   The occurrence of any one or more of the following
events shall constitute an Event of Default hereunder:

8.1   The
occurrence of any event of default or default under any of the Loan Agreement
or any of the other Loan Documents beyond any grace, notice or cure periods
therein.

8.2   The failure
of Pledgor or Borrower to pay any amount of principal or interest on the Bank
Indebtedness on the date on which such payment is due (or within any applicable
grace period), whether on demand, at the stated maturity, or due date thereof,
or by reason of any requirement for prepayment thereof, by acceleration or
otherwise.

8.3   The failure
of Pledgor to duly perform or observe any obligation, covenant or agreement on
its part contained herein.

8.4   Any
representation or warranty of Pledgor herein is discovered to be untrue in any
material respect or any statement, certificate or data furnished by Pledgor
pursuant hereto is discovered to be untrue in any material respect as of the
date as of which the facts therein set forth are stated or certified.

9.   RIGHTS
OF PLEDGOR AND BANK.

9.1   Before Event of Default.
Prior to the occurrence of an Event of Default:

(a)    Voting. Pledgor shall be
entitled to exercise any and all voting and other consensual rights arising
under the Collateral, or any portion thereof, for any purpose not inconsistent
with the terms of any of the Loan Documents.

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(b)   Dividends; Distributions.
Unless Bank otherwise requests in writing, Pledgor shall be entitled to receive
and retain any and all dividends, distributions and interest, declared,
distributed or paid, with respect to the Collateral, or any portion thereof,
provided, however, that any and all (i) dividends, distributions and
interest paid or payable other than in cash; (ii) instruments and other
property received, receivable or otherwise distributed with respect to, or in
exchange for, the Collateral, or any portion thereof; (iii) dividends and
other distributions paid or payable in cash with respect to the Collateral, or
any portion thereof, in connection with (1) a partial or total liquidation
or dissolution, or (2) a reduction of capital, capital surplus or
paid-in-surplus; and (iv) cash paid, payable or otherwise distributed in
respect of principal, or redemption of, or in exchange for, the Collateral, or
any portion thereof; shall be forthwith delivered to Bank to hold as Collateral
and shall, if received by Pledgor, be (x) received in trust for the
benefit of Bank, (y) segregated from all other property or funds of
Pledgor, and (z) forthwith delivered to Bank as Collateral in the same
form as so received (with any necessary documents, endorsements or assignments
in blank with guaranteed signature(s)).

9.2   After Event of Default. Upon
the occurrence of an Event of Default and at all times thereafter:

(a)    Voting; Sale of Collateral by Pledgor.
All rights of Pledgor to (i) exercise voting, sell all or any portion of
the Collateral and other consensual rights which Pledgor would otherwise be
entitled to exercise, pursuant to Section 9.1(a) and, and (ii) receive dividends
and interest payments which Pledgor would otherwise be authorized to receive
and retain, pursuant to Section 9.1(b),
shall cease, and all such rights shall thereupon become absolutely vested in
Bank. Bank shall thereafter have the sole and absolute right to exercise all
voting and other consensual rights, and to receive and hold as Collateral all
such dividends and interest payments, without any further notice to, or consent
of, Pledgor.

(b)   Dividends Held In Trust. All
dividends and interest payments which are received by Pledgor contrary to the
provisions of Section 9.2(a)(ii) shall be
(i) received in trust for the benefit of Bank, (ii) shall be
segregated from other property or funds of Pledgor and (iii) forthwith
delivered to the Bank as Collateral in the same form as received (with any
necessary documents, endorsements or assignments in blank with guaranteed
signatures).

(c)    Sale of Collateral. Bank may
exercise in respect of the Collateral and in addition to other rights and
remedies provided for herein or otherwise available to it, all the rights and
remedies of a secured party upon default under the Code. Bank may also, without
notice, except as specified below, sell the Collateral, or any part thereof, in
one or more blocks at public or private sale, at any exchange or otherwise or
for future delivery, and at such price or prices and upon such other terms as
Bank may deem commercially reasonable. Pledgor agrees that, to the extent
notice of sale shall be required by law, five (5) days notice to Pledgor
of the time and place of any public sale or private sale is to be made shall
constitute reasonable notification. Bank shall not be obligated to make any
sale of Collateral regardless of notice of sale having been given. Bank may
adjourn any public or private sale from time to time by announcement at the
time and place fixed therefor, and such sale may, without further notice, be
made at the time and place to which it was so adjourned.

(d)   Application of Proceeds. Any
cash held by Bank as Collateral and all cash proceeds received by Bank in
respect of any sale of, collection from, or other realization upon the
Collateral, or any portion thereof, may, in the discretion of Bank, be held by
Bank as Collateral for, and/or then or at any time thereafter applied (after payment
of any amounts payable to Bank pursuant to Section 13) in whole or in part by Bank against all
or any part of the Bank Indebtedness, in such order as Bank shall elect. Any
surplus of such cash or cash proceeds held by 

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Bank and remaining after
payment in full of all Bank Indebtedness shall be paid to Pledgor or to
whomsoever may be lawfully entitled to receive such surplus.

9.3   Bank’s Rights. At any time
and from time to time, Bank shall have the right, in its discretion and without
notice to Pledgor, to transfer to or to register in the name of Bank, or any of
Bank’s nominees, the Collateral, or any portion thereof, provided, however,
that Pledgor shall continue to be the beneficial owner of any Collateral
transferred to or registered in the name of Bank, or Bank’s nominees, prior to
the occurrence of an Event of Default. In addition, Bank shall have the right
at any time to exchange certificates or instruments representing or evidencing
the Collateral, or any portion thereof, for certificates or instruments of
smaller or larger denominations.

10.   REASONABLE
CARE.   Bank shall be deemed to have exercised reasonable
care in the custody and preservation of the Collateral in its possession if the
Collateral is accorded treatment substantially equal to that which Bank accords
its own property.

11.   DELAY
OR OMISSION NOT WAIVER.   Neither the failure nor any delay
on the part of Bank to exercise any right, remedy, power or privilege under
this Agreement upon the occurrence of any Event of Default or otherwise shall operate
as a waiver thereof or impair any such right, remedy, power or privilege. No
waiver of any Event of Default shall affect any later Event of Default or shall
impair any rights of Bank. No single, partial or full exercise of any rights,
remedies, powers and privileges by the Bank shall preclude further or other
exercise thereof. No course of dealing between Bank and Pledgor shall operate
as or be deemed to constitute a waiver of Bank’s rights under this Agreement or
affect the duties or obligations of Pledgor.

12.   REMEDIES
CUMULATIVE; CONSENTS.   The rights, remedies, powers and
privileges provided for herein shall not be deemed exclusive, but shall be
cumulative and shall be in addition to all other rights, remedies, powers and
privileges in Bank’s favor at law or in equity. Whenever the Bank’s consent or
approval is required or permitted, such consent or approval shall be at the
sole and absolute discretion of Bank.

13.   CERTAIN
FEES, COSTS, EXPENSES AND EXPENDITURES.   Pledgor agrees to
pay on demand all costs and expenses of Bank, including without limitation:

13.1   all costs and expenses in connection with the
preparation, review, negotiation, execution, delivery and administration of
this Agreement, and the other documents to be delivered in connection therewith,
or any amendments, extensions and increases to any of the foregoing (including,
without limitation, attorney’s fees and expenses, and the cost of appraisals
and reappraisals of Collateral), and the cost of periodic lien searches and tax
clearance certificates, as Bank deems advisable;

13.2    all losses, costs and expenses in connection
with the enforcement, protection and preservation of the Bank’s rights or
remedies under this Agreement, or any other agreement relating to any Bank
Indebtedness, or in connection with legal advice relating to the rights or
responsibilities of Bank (including without limitation court costs, attorney’s
fees and expenses of accountants and appraisers); and

13.3   any and all stamp and other taxes payable or
determined to be payable in connection with the execution and delivery of this
Agreement, and all liabilities to which Bank may become subject as the result
of delay in paying or omission to pay such taxes.

In the event Pledgor shall fail to pay taxes,
assessments, costs or expenses which it is required to pay hereunder, or fails
to keep the Collateral free from security interests or lien (except as
expressly permitted herein), or otherwise breaches any obligations under this
Agreement, Bank in its discretion, may make expenditures for such purposes and
the amount so expended (including attorney’s fees and expenses, filing 

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fees and other charges)
shall be payable by Pledgor on demand and shall constitute part of the Bank
Indebtedness.

In the event any action at law or in equity in
connection with the Loan Documents, the Bank Indebtedness or matters collateral
thereto is terminated adverse to Pledgor, Pledgor will pay all attorneys’ fees
and legal costs incurred by Bank in connection with such actions.

With respect to any
amount required to be paid by Pledgor under this Section, in the event Pledgor
fails to pay such amount on demand, Pledgor shall also pay to Bank interest
thereon at the Default Rate set forth in the Loan Agreement. Pledgor’s
obligations under this Section shall survive termination of this
Agreement.

14.   TIME
IS OF THE ESSENCE.   Time is of the essence in Pledgor’s
performance of Pledgor’s obligations under the Loan Documents.

15.   MISCELLANEOUS.

15.1    Communications
and Notices. All notices, requests and other communications made
or given in connection with this Agreement shall be given in accordance with
the notice provisions set forth in the Loan Agreement.

16.   LIMITATION
ON LIABILITY.   Pledgor shall be responsible for and Bank is
hereby released from any claim or liability in connection with:

(a)    Safekeeping
any Collateral;

(b)   Any loss or
damage to any Collateral;

(c)    Any
diminution in value of the Collateral; or

(d)   Any act or
default of another person or entity.

Bank shall only be
liable for any act or omission on its part constituting willful misconduct. In
the event that Bank breaches its required standard of conduct, Pledgor agrees
that Bank’s liability shall be only for direct damages suffered and shall not
extend to consequential or incidental damages. If Pledgor brings suit against
Bank in connection with the transactions contemplated hereunder and Bank is
found not to be liable, Pledgor will indemnify and hold Bank harmless from all
costs and expenses, including attorney’s fees, incurred by Bank in connection
with such suit.

17.   WAIVERS.   In connection with any proceedings hereunder or in
connection with any of the Bank Indebtedness, including without limitation any
action by Bank in replevin, foreclosure or other court process or in connection
with any other action related to the Bank Indebtedness or the transactions
contemplated hereunder, Pledgor waives:

(a)   all
errors, defects and imperfections in such proceedings;

(b)   all
benefits under any present or future laws exempting any property, real or
personal, or any part of any proceeds thereof from attachment, levy or sale
under execution, or providing for any stay of execution to be issued on any
judgment recovered in connection with the Bank Indebtedness or in any replevin
or foreclosure proceeding, or otherwise providing for any valuation, appraisal or
exemption;

(c)    presentment
for payment, demand, notice of demand, notice of non-payment, protest and
notice of protest of any of the Bank Indebtedness;

(d)   any
requirement for bonds, security or sureties required by statute, court
rule or otherwise;

(e)    any
demand for possession of Collateral prior to commencement of any suit; and

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(f)    all
rights to claim or recover attorney’s fees and costs in the event that Pledgor
is successful in any action to remove, suspend or prevent the enforcement of a
judgment entered by confession.

18.   EXCLUSIVE
JURISDICTION.   Pledgor hereby consents to the exclusive
jurisdiction of any state or federal court located within the Commonwealth of
Pennsylvania, and irrevocably agrees that, subject to the Bank’s election, all
actions or proceedings relating to this Agreement or the transactions
contemplated hereunder shall be litigated in such courts, and Pledgor waives
any objection which Pledgor may have based on improper venue or forum non conveniens to the conduct of any proceeding in any
such court and waives personal service of any and all process upon Pledgor, and
consents that all such service of process be made by mail or messenger directed
to Pledgor as provided for in Section 15.
Nothing contained in this Section 18
shall affect the right of Bank to serve legal process in any other manner
permitted by law or affect the right of Bank to bring any action or proceeding
against Pledgor or Pledgor’s property in the courts of any other jurisdiction.

19.   MISCELLANEOUS PROVISIONS.

19.1   Severability. The provisions
of this Agreement and all other Loan Documents are deemed to be severable, and
the invalidity or unenforceability of any provision shall not affect or impair
the remaining provisions which shall continue in full force and effect.

19.2   Headings. The headings of the
Articles, Sections, paragraphs and clauses of this Agreement are inserted for
convenience only and shall not be deemed to constitute a part of this
Agreement.

19.3   Binding Effect. This
Agreement and all rights and powers granted hereby will bind and inure to the
benefit of the parties hereto and their respective permitted successors and
assigns.

19.4   Amendment. No modification of
this Agreement or any of the Loan Documents shall be binding or enforceable
unless in writing and signed by or on behalf of the party against whom
enforcement is sought.

19.5   Governing Law. This Agreement
has been made, executed and delivered in the Commonwealth of Pennsylvania and
will be construed in accordance with and governed by the laws of such
Commonwealth without regard to conflict of law principles.

19.6   No Third Party Beneficiaries. The
rights and benefits of this Agreement and the Loan Documents shall not inure to
the benefit of any third party.

19.7   Exhibits and Schedules. All
exhibits and schedules attached hereto are hereby made a part of this
Agreement.

19.8   Counterparts. This Agreement
may be executed in any number of counterparts, all of which taken together
shall constitute one and the same instrument, and any of the parties hereto may
execute this Agreement by signing any such counterpart.

19.9   No Joint Venture. Nothing
contained herein is intended to permit or authorize Pledgor to make any
contract on behalf of Bank, nor shall this Agreement be construed as creating a
partnership, joint venture or making Bank an investor in Pledgor.

20.   WAIVER
OF RIGHT TO TRIAL BY JURY.   PLEDGOR AND BANK, BY ITS ACCEPTANCE HEREOF, WAIVE ANY
RIGHT TO TRIAL BY JURY ON ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION
(a) ARISING UNDER THIS AGREEMENT OR ANY OTHER DOCUMENT OR INSTRUMENT
REFERRED TO HEREIN OR DELIVERED IN CONNECTION HEREWITH, OR (b) IN ANY WAY
CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF PLEDGOR WITH RESPECT
TO THIS AGREEMENT OR ANY OTHER DOCUMENT OR INSTRUMENT REFERRED TO HEREIN OR
DELIVERED IN CONNECTION HEREWITH, OR THE TRANSACTIONS 

 8
 

RELATED
HERETO OR THERETO, IN EACH CASE WHETHER SOUNDING IN CONTRACT OR TORT OR
OTHERWISE. PLEDGOR AND BANK AGREE AND CONSENT THAT ANY SUCH CLAIM, DEMAND,
ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND
THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR
A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT
OF PLEDGOR AND BANK TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

[REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK]

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IN WITNESS WHEREOF,   Pledgor has
executed this Agreement as of the day and year first above written.

	
  

  	
   

  	
  INFOLOGIX SYSTEMS CORPORATION

  (formerly known as Info Logix Inc.)

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ David T. Gulian

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  David Gulian, President

  

 

 10Exhibit
10.68

February 24, 2006

Clifford A. Teller

Managing Director

Director of Investment Banking

Maxim Group LLC

405 Lexington Avenue

New
York, NY 10174

Re: General Financial
Advisory and Investment Banking Services Agreement between Maxim Group LLC (“Maxim”)
and MFIC Corporation (the “Company” or “MFIC”) dated November 17, 2004 (the “Agreement”)

Dear Cliff,

We
are well past the date of termination of the above Agreement. We have prepared
a registration statement for 100,000 shares underlying Maxim’s stock purchase
warrant that was part of the non-cash consideration paid to Maxim under the
above Agreement.

Pursuant
to agreement with Maxim, if a registration statement covering the sale of the
shares issuable upon exercise of Maxim’s Common Stock Warrant is not declared
effective on or before March 31, 2006, the Company would be required to issue
to the holder upon exercise of the Common Stock Warrant an additional warrant
to purchase shares of common stock of the Company.  As described more fully below, the Company is
asking that Maxim extend the date by when the registration statement must be
effective by either 30 days or 60 days depending upon whether the Securities
and Exchange Commission (the “SEC”) elects to conduct a full review of the
registration statement.

We
have been advised by our counsel and auditors that the Company must include within
the SB-2 (which has been prepared already) updated financial information that
will not be available until the Company submits its Form 10-K.  The Securities and Exchange Commission (the “SEC”)
has indicated that it will not review a filing such as an SB-2 if the SEC
believes that such filing does not include the appropriate financial
information.  We expect that the Form
10-K will be ready for filing on or about March 15, 2006, and the Company
anticipates filing the SB-2 with the updated financial information promptly
thereafter.

We
have assumed that the imposition of a penalty if the Company does not meet the
one year requirement for the effectiveness of the registration statement was
prompted by a need to ensure that: (a) the Company would diligently take action
to make the shares underlying the Maxim warrant salable, and (b) Maxim would want
be able to exercise the Warrant and sell the shares if it so desired. We have
exercised reasonable due diligence but find ourselves in a position where we
believe regulatory authorities will not review and act upon the already
prepared registration statement. We also note that the current trading price of
the stock is well below the exercise “strike” price of the Warrant.

In
light of the above we ask that Maxim agree to extend the time for the registration
statement being declared effective by 30 days until April 30, 2006 in the event
that the SEC does not conduct a full review of the registration statement.  The SEC should let the Company know within a
week or two after the filing whether the SEC intends to conduct a full review.

If
the SEC does choose to conduct a full review of the registration statement, we
ask that Maxim agree to extend the time for the registration statement being
declared effective by 60 days until May 30, 2006.  The additional time would be necessary
because the Company would not have any control over the completion of the SEC’s
full review.

We
will, of course, supply you at your request, with the already edgarized SB-2
Registration Statement (unfiled) that we were prepared to file yesterday.

We
ask that you respond promptly as we will have to revise our Form 10-K
disclosure regarding the Maxim Warrant.

If you are amenable to granting to us extension, until April 30, 2006
or May 30, 2006 (based upon whether the SEC conducts a full review), in the
time for the registration statement to be declared effective, please so
indicate by signing below and returning this letter.

Thank you for your assistance and cooperation.

	
  Yours truly,

  	
   

  	
  Maxim
  Group LLC

  
	
   

  	
   

  	
   

  
	
  /s/ IRWIN
  GRUVERMAN

  	
   

  	
   

  	
   

  
	
  Irwin Gruverman

  	
   

  	
  By:

  	
  /s/ CLIFFORD A. TELLER

  
	
  CEO and Chairman

  	
   

  	
   

  	
   

  
	
  MFIC Corporation

  	
   

  	
  Title:

  	
  MD

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Date:

  	
  3/6/06

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