Document:

EXHIBIT 10.18

                               SECURITY AGREEMENT
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     THIS  SECURITY  AGREEMENT  (the  "Agreement")  dated  as of this     day of
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             ,  200  , is entered into by and between POWER2SHIP, INC., a Nevada
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corporation  (the  "Debtor"),  and  the  holders  of  14.25% Secured Convertible
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Debentures  (the  "Holders").
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                                    RECITALS
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     WHEREAS,  the  Debtor  has conducted a private offering (the "Offering") of
                                                                   --------
14.25%  Secured  Convertible  Debentures  (the  "Debentures")  pursuant  to  a
                                                 ----------
Confidential  Summary  Private  Offering  Memorandum;  and

     WHEREAS,  as a condition of the offering, the Debtor has agreed to grant to
the Holders a security interest in the Collateral (as hereinafter defined) to be
used  as  security  for the Secured Obligations (as defined herein) on terms set
forth  herein.

     NOW,  THEREFORE, in consideration of the premises set forth herein, and for
other  good  and  valuable  consideration, the receipt and adequacy of which are
hereby  acknowledged,  the  Debtor  hereby  agrees  with the Holders as follows:

     1.     Recitals.  The  above  recitals  are  true  and correct and same are
            ---------
incorporated  into  this  Agreement  by  this  reference.

     2.     Definition.  As  used herein, the  term "Collateral"  shall mean the
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following  kinds  and  types  of  tangible and intangible property, in all cases
whether  now  or hereafter existing, whether now owned or hereafter acquired and
wherever  located,  including,  without  limitation:

          (a)  All  accounts,  accounts  receivable,  other  rights  to payment,
     documents, chattel paper, general intangibles, deposit accounts, investment
     property,  financial assets and letter-of-credit rights, and all rights now
     or  hereafter existing in and to all security agreements, letters of credit
     and  other  supporting  obligations  or  contracts  securing  or  otherwise
     relating  to  any  of  the  foregoing  (any and all such accounts, accounts
     receivable,  other  rights  to  payment,  documents, chattel paper, general
     intangibles,  deposit  accounts,  investment property, financial assets and
     letter-of-credit  rights  being  the  "Receivables,"  and  any and all such
                                            -----------
     security  agreements, letters of credit and other supporting obligations or
     contracts  being  the  "Related  Contracts");
                             ------------------

          (b)  All  drafts,  acceptances, promissory notes and other instruments
     (the  "Instruments");
            -----------

          (c)  All  equipment,  machinery,  trucks  and  other  motor  vehicles,
     furnishings and fixtures, all parts thereof, all accessions thereto and all
     replacements  thereof,  wherever  located  (any  and  all  such  equipment,
     machinery,  vehicles,  furnishings,  fixtures,  parts,  accessories  and
     replacements  being  the  "Equipment");

<PAGE>

          (d)  All  inventory in all of its forms, wherever located, (including,
     but  not  limited  to) (i) all raw materials and work in process therefore,
     all  finished  goods  thereof,  and  all  materials used or consumed in the
     production thereof, (ii) all goods in which the Debtor has a joint or other
     interest  or  right  of  any  kind (including, without limitation, goods in
     which  the  Debtor  has an interest or right as consignee), (iii) all goods
     which  are returned to or repossessed by the Debtor and (iv) all accessions
     thereto,  products  thereof  and  documents  therefore  (any  and  all such
     inventory,  accessions,  products and documents being the "Inventory"), and
                                                                ---------
     all  farm  products;

          (e)  All  books, records, programs and software relating to any of the
     foregoing  Collateral;

          (f)  All  proceeds  of any and all of the foregoing Collateral and, to
     the extent not otherwise included, all payments under insurance (whether or
     not  the  Holders  are  loss payees thereof), or any indemnity, warranty or
     guaranty,  payable by reason of loss or damage to or otherwise with respect
     to  any  of  the  foregoing  Collateral;  and

          (g) Subject to the subordination agreement of the Holders set forth in
     Section 6 herein, so long as any Secured Obligations (as defined below) are
     due  and  owing  to  the Holders or an Event of Default has occurred and is
     continuing,  the  Debtor  shall  not,  and the Purchaser shall not take any
     action  to  cause  the Debtor, to sell, exchange, lease, negotiate, pledge,
     assign  or  grant  any  security  interest  in  or otherwise dispose of the
     Collateral  to  anyone other than the Holders, nor permit any other lien of
     any  kind  to  attach  thereto,  nor  permit  the same to be attached to or
     commingled  with  other  goods  or  property,  without the Holder's written
     consent.

     3.     Exclusion.  Notwithstanding  the foregoing, the Collateral shall not
            ---------
include a certain account to be established at Newbridge Securities Corporation,
the  proceeds  of  which  account  have  been  pledged  to  secure the Company's
obligation  to  pay  interest  on  the  Debentures,  as  described in a Security
Agreement  of  even  date  herewith  between  the  Company  and  the  Holders.

     4.    Security for Obligations. This Agreement secures, and the Collateral
           ------------------------
is collateral security for,  the prompt  payment  of the principal amount of the
Debentures,  whether  at  stated  maturity, by required prepayment, declaration,
acceleration,  conversion, demand or otherwise (including the payment of amounts
that  would become due but for the operation of the automatic stay under Section
363(a) of the Bankruptcy Code, 11 U.S.C. Sec.362(a)) (such obligations of Debtor
being  the  "Secured  Obligations").
             --------------------

     5.   Security Interests. As security for the payment and performance of the
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Secured  Obligations  and  subject to the subordination agreement of the Holders
contained  in  Section  6,  below,  the  Debtor hereby creates and grants to the
Holders,  their  successors  and  assigns, a security interest in the Collateral
(the  "Security  Interest").  Without  limiting  the  foregoing, the Holders are
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hereby  authorized  to  file  one  or  more  financing  statements, continuation
statements,  filings  with  the  U.S.  Patent  and  Trademark  Office,  or other
documents  for  the  purpose of perfecting, confirming, continuing, enforcing or
protecting  the  Security  Interest,  naming  the  Debtor  as  debtor  and  the
Representative  (as  hereinafter  defined),  as representative of the Holders as
creditor.

     The  Debtor  agrees  at all times to keep in all material respects accurate
and  complete  accounting  records  with  respect  to  the  Collateral.

<PAGE>

     6.     Agreement  to  Subordinate.  Each  Holder  hereby  agrees  that  its
            --------------------------
Security  Interest shall automatically be subordinate to (a) any credit facility
or  factoring arrangement (collectively, a "Facility") obtained by Debtor, which
                                            --------
Facility  is  secured  by  Receivables with a value not in excess of 125% of the
Facility,  and  (b) any equipment or purchase money financing obtained by Debtor
which  financing  is  secured  by the Equipment or Inventory so purchased with a
value  not  in  excess  of  125%  of  the  financing  provided.

     7.     Further Assurances.  Debtor  agrees, at  its  expense,  to  execute,
            ------------------
acknowledge, deliver and cause to be duly filed all such further instruments and
documents  and  take  all  such  actions  as  the  Holders may from time to time
reasonably  request for the assuring and preserving of the Security Interest and
the  rights  and  remedies  created  hereby,  including, without limitation, the
payment  of  any  fees  and  taxes required in connection with the execution and
delivery of this Agreement, the granting of the Security Interest and the filing
of  any  financing  statements  or  other  documents  in  connection  herewith.

     8.     Taxes; Encumbrances. At their option, the Holders may discharge past
            -------------------
due taxes, liens, security interests or other encumbrances at any time levied or
placed on the Collateral and not permitted under the Debentures, and may pay for
the maintenance and preservation of the Collateral to the extent Debtor fails to
do  so,  and  Debtor  agrees  to reimburse the Holders within five business days
following  receipt  of  written notice from the Holders, accompanied by proof of
payment,  for  any  payment  made  or any expense incurred by it pursuant to the
foregoing  authorization;  provided, however, that nothing in this Section shall
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be interpreted as excusing Debtor from the performance of any covenants or other
promises with respect to taxes, liens, security interests or other en-cumbrances
and  maintenances  as  set  forth  herein  or  in  the  Debentures.

     9.     Representations, Warranties and Covenants. Debtor hereby represents,
            -----------------------------------------
warrants,  covenants  and  agrees  as  follows:

          (a)  Title  and  Authority.  Subject to security agreements, leases or
               ---------------------
     similar  arrangements entered into by Debtor prior to the execution of this
     Agreement  and  Section  6  hereof,  it  has  (i)  rights  in, and good and
     marketable  title to, the Collateral and (ii) the requisite corporate power
     and  authority  to  grant  to  the  Holders  the  Security Interest in such
     Collateral  pursuant  hereto  and  to  execute,  deliver  and  perform  its
     obligations  in  accordance  with  the terms of this Agreement, without the
     consent or approval of any other person or entity other than any consent or
     approval  which  has  been  obtained.

          (b)  Filing.  Fully  executed  Uniform  Commercial  Code  financing
               ------
     statements  containing  a  description of the Collateral shall have been or
     shall be delivered to the Holders in such form as requested by the Holders.

<PAGE>

          (c) Absence of Other Liens. The Collateral is owned by the Debtor free
              ----------------------
     and  clear  of  any  lien  or  encumbrance of any nature whatsoever, except
     otherwise  disclosed  to  the  Holders  in  writing  on the date hereof, no
     financing statement has been filed, under the Uniform Commercial Code as in
     effect  in  any  state  or  otherwise,  covering  any  Collateral.

          (d)  No Conflict. None of the execution and delivery by Debtor of this
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     Agreement  and  the other loan documents or the grant and perfection of the
     Security  Interest will (i) conflict with, violate, breach, cause a default
     under  (with  or  without  the giving of notice or the passage of time), or
     permit  an  acceleration  or  termination  of,  any  document,  instrument,
     mortgage, indenture or other agreement applicable to Debtor or to which its
     assets  are  subject,  (ii) conflict with, violate or breach any applicable
     law,  rule,  regulation or order, or (iii) conflict with, violate or breach
     any  of the organizational documents of Debtor, the result of which (in the
     case  of clauses (i) and (ii) only) could be a material adverse affect upon
     the  business,  assets,  condition  (financial  or  other)  or prospects of
     Debtor.

          (e)  Survival  of  Representations and Warranties. All representations
               --------------------------------------------
     and  warranties of the Debtor contained in this Agreement shall survive the
     execution, delivery and performance of this Agreement until the termination
     of  this  Agreement.

     10.     Records  of  Accounts Receivable.  Debtor shall keep or cause to be
             --------------------------------
kept  records  of  its  Accounts  Receivable  that  are accurate in all material
respects.

     11.     Protection of Security.  Debtor shall, at its own cost and expense,
             ----------------------
take  any  and  all actions reasonably necessary to defend title to the Accounts
Receivable  owned  by  it  against all persons and, subject to the subordination
agreement  of  the Holders contained in Section 6 herein, to defend the Security
Interest  of  the Holders in such Accounts Receivable, and the priority thereof,
against  any  adverse  lien  or  encumbrance  of  any  nature  whatsoever.

     12.     Continuing Obligations of Debtor.  Debtor shall remain liable to
             --------------------------------
observe  and  perform all the material conditions and obligations to be observed
and  performed  by  it  under  each  contract, agreement, interest or obligation
relating  to  the  Collateral,  all  in accordance with the terms and conditions
thereof.

     13.     Use  and  Disposition  of  Collateral. Subject to the subordination
             -------------------------------------
agreement of Holders contained in Section 6 herein, Debtor shall not (a) make or
permit  to be made any assignment, pledge or hypothecation of the Collateral, or
grant  any  security interest in the Collateral except for the Security Interest
or  (b)  make  or  permit  to be made any transfer of any Collateral outside the
ordinary  course  of  business.

     14.     Notice  of  Issuance  of Intellectual Property Rights.  The  Debtor
             -----------------------------------------------------
shall  give  notice  to  the Holders, if a patent, trademark, copyright or other
similar  intellectual  property  right  is issued by an appropriate governmental
agency  as  to  any  General  Intangible  covered  under  this  Agreement.

     15.     Collections.  Debtor  shall  have the right to collect its Accounts
             -----------
Receivable  in  the  ordinary course of its business; provided, however, that at
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the request of the Holders following an event of default under the Debentures or
this  Agreement,  Debtor shall (a) arrange for remittances on any of its Account
Receivable to be made directly to lockboxes designated by the Holders or in such
other  manner  as the Holders may direct (provided same shall not cause a breach
of  Debtor's  agreements  with  third  parties);  and  (b)  promptly deposit all
payments  received  by  Debtor on account of Accounts Receivable, whether in the
form  of  cash,  checks,  notes,  drafts,  bills  of  exchange,  money orders or
otherwise,  in  one  or more accounts designated by the Holders in precisely the
form  received  (but  with  any  endorsements of Debtor necessary for deposit or
collection), subject to withdrawal by the Holders only, as hereinafter provided,
and  until they are deposited, shall be deemed to be held in trust by Debtor for
and  as  the  Holders'  property on their own behalf and shall not be commingled
with  Debtor's  other  funds (provided same shall not cause a breach of Debtor's
agreements  with  third  parties).

<PAGE>

     16.     Remedies  upon  Default.  In  the  event  of  a failure  to pay the
             -----------------------
secured  Obligations as and when due (following the expiration of all applicable
grace  periods),  and  subject  to  the  subordination  agreement of the Holders
contained  in Section 6 herein, Debtor agrees to deliver each item of Collateral
(other  than  any  portion  of  such  Collateral  that  may  be  subject  to
confidentiality  agreements) to the Holders on demand, and it is agreed that the
Holders  shall  have  the  right  to  exercise  any and all rights afforded to a
secured  party  under,  and subject to its obligations contained in, the Uniform
Commercial  Code  as  in  effect  in  the State of Florida. Without limiting the
generality  of  the  foregoing,  Debtor  agrees  that the Holders shall have the
right,  subject  to  the mandatory requirements of applicable law and subject to
the  requirement  that  Holders  act  reasonably  and  in good faith, to sell or
otherwise  dispose  of all or any part of the Collateral (other than any portion
of such Collateral that may be subject to confidentiality agreements), at public
or  private  sale  or  at any broker's board or on any se-curities exchange, for
cash,  upon credit or for future delivery as the Holders shall deem appropriate.
Each  such  purchaser  at  any such sale shall hold the property sold absolutely
free from any claim or right on the part of the Debtor, and Debtor hereby waives
(to  the  extent  permitted by law) all rights of redemption, stay and appraisal
which Debtor now has or may at any time in the future have under any rule of law
or  statute  now  existing  or  hereafter  enacted.

     The  Holders  shall  give  the  Debtor 10 days' prior written notice of the
Holders'  intention to make any sale of Collateral.  Such notice, in the case of
a  public sale, shall state the time and place for such sale and, in the case of
a sale at a broker's board or on a securities exchange, shall state the board or
exchange  at  which such sale is to be made and the day on which the Collateral,
or  portion  thereof,  will first be offered for sale at such board or exchange.
Any  such  public  sale  shall  be  held  at  such time or times within ordinary
business  hours  and at such place or places as the Holders may fix and state in
the  notice (if any) of such sale.  At any such sale, the Collateral, or portion
thereof,  to  be  sold  may  be  sold  in one lot, as an entirety or in separate
parcels,  as  the Holders may (in their sole and absolute discretion) determine.
The  Holders  shall  not be obligated to make any sale of any Collateral if they
shall determine not to do so, regardless of the fact that notice of sale of such
Collateral  shall  have  been  given.  The  Holders  may,  without  notice  or
publication,  adjourn  any  public  or  private  sale  or  cause  the same to be
adjourned  from  time  to  time  by announcement at the time and place fixed for
sale,  and  such sale may, without further notice, be made at the time and place
to  which the same was so adjourned.  In case any sale of all or any part of the
Collateral  is made on credit or for future delivery, the Collateral so sold may
be  retained  by  the  Holders  until the sale price is paid by the purchaser or
purchasers  thereof,  but  the Holders shall not incur any liability in case any
such purchaser or purchasers shall fail to take up and pay for the Collateral so
sold  and,  in  case of any such failure, such Collateral may be sold again upon
like  notice.  At any public sale made pursuant to this Section, any Holders may
bid  for  or  purchase,  free (to the extent permitted by law) from any right of
redemption,  stay or appraisal on the part of Debtor (all said rights being also
hereby  waived and released to the extent permitted by law), with respect to the
Collateral or any part thereof offered for sale and the Holders may make payment
on  account  thereof by using any claim then due and payable to the Holders from
Debtor  as  a  credit  against  the  purchase  price,  and the Holders may, upon
compliance  with  the  terms  of sale, hold, retain and dispose of such property
without  further  accountability  to  Debtor  therefore.  For purposes hereof, a
written  agreement  to  purchase  the Collateral or any portion thereof shall be
treated  as a sale thereof; the Holders shall be free to carry out such sale and
purchase  pursuant  to  such  agreement, and Debtor shall not be entitled to the
return of the Collateral or any portion thereof subject thereto, notwithstanding
the  fact  that  after the Holders shall have entered into such an agreement all
events  of  default shall have been remedied and the Secured Obligations paid in
full.  Debtor  shall  remain  liable  for  any deficiency.  As an alternative to
exercising  the  power of sale herein conferred upon it, the Holders may proceed
by  a  suit or suits at law or in equity to foreclose this Agreement and to sell
the  Collateral  or  any  portion  thereof pursuant to a judgment or decree of a
court  or  courts having competent jurisdiction or pursuant to a proceeding by a
court  appointed  receiver.

<PAGE>

     17.     Application of Proceeds.  The proceeds of any collection or sale of
             -----------------------
Collateral,  as  well  as any Collateral consisting of cash, shall be applied by
the  Holders  as  follows:

     FIRST,  to the payment of all reasonable costs and expenses incurred by the
Holders  in  connection  with such collection or sale or otherwise in connection
with  this  Agreement,  including,  but  not limited to, all court costs and the
reasonable  fees  and  expenses  of  their  legal  counsel, the repayment of all
advances  made  by  the  Holders hereunder on behalf of the Debtor and any other
reasonable  costs  or  expenses  incurred in connection with the exercise of any
right  or  remedy  hereunder;

     SECOND,  to  the  payment  in  full  of  the  Secured  Obligations;  and

     THIRD,  to  the  Debtor,  its  successors  and  assigns,  or  as a court of
competent  jurisdiction  may  otherwise  direct.

     Upon  any  sale  of  the  Collateral  by  the  Holders  (including, without
limitation,  pursuant  to a power of sale granted by statute or under a judicial
proceeding),  the receipt of the Holders or of the officer making the sale shall
be  a  sufficient  discharge to the purchaser or purchasers of the Collateral so
sold  and  such  purchaser  or  purchasers  shall not be obligated to see to the
application  of  any part of the purchase money paid over to the Holders or such
officer  or  be  answerable  in  any  way  for  the  misapplication  thereof.

     18.     Security  Interest  Absolute.  All rights of the Holders hereunder,
             ----------------------------
the  Security  Interest,  and  all obligations of the Debtor hereunder, shall be
absolute  and  unconditional  irrespective  of  (a)  any  partial  invalidity or
unenforceability  of  the Debentures, any other agreement with respect to any of
the  Secured Obligations or any other agreement or instrument relating to any of
the  foregoing, (b) any change in the time, manner or place of payment of, or in
any other term of, all or any of the Secured Obligations, or any other amendment
or  waiver  of  or  consent  to  any  departure from the Debentures or any other
agreement or instrument, (c) any exchange, release or nonperfection of any other
Collateral,  or any release or amendment or waiver of or consent to or departure
from  any guarantee, for all or any of the Secured Obligations, or (d) any other
circumstance  which  might  otherwise  constitute  a  defense  available  to, or
discharge  of  the Debtor in respect of the Secured Obligations or in respect of
this  Agreement.

<PAGE>

     19.     No  Waiver.  No failure on the part of the Holders to exercise, and
             ----------
no  delay in exercising, any right, power or remedy hereunder shall operate as a
waiver  thereof,  nor  shall  any  single or partial exercise of any such right,
power or remedy by the Holders preclude any other or further exercise thereof or
the  exercise  of  any  other right, power or remedy. All remedies hereunder are
cumulative  and  are  not  exclusive  of any other remedies provided by law. The
Holders  shall  not  be  deemed to have waived any rights hereunder or under any
other  agreement or instrument unless such waiver shall be in writing and signed
by  such  parties.

     20.     Holders  Appointed  Attorney-in-Fact.  Debtor  hereby  appoints the
             ------------------------------------
Representative  (as  hereinafter defined) of the Holders the attorney-in-fact of
Debtor  solely  for the purpose of carrying out the provisions of this Agreement
and  taking any action and executing any instrument which the Representative may
reasonably  deem  necessary to accomplish the purposes hereof, which appointment
is irrevocable so long as this Agreement and the Security Interest have not been
terminated.

     21.     Waiver  of  Equitable  Subordination.  Subject to the subordination
             ------------------------------------
agreement  of  the  Holders  contained  in Section 6 herein, each of the parties
hereto  waives  any and all rights it may have to assert a claim for or to raise
the defense of equitable subordination in any legal action or proceeding arising
from  this  Agreement  or  the  Debentures.

     22.     Binding  Agreement;  Assignments.  This  Agreement, and  the terms,
             --------------------------------
covenants  and conditions hereof, shall be binding upon and inure to the benefit
of  the  parties hereto and their respective successors and assigns, except that
the  Debtor  shall  not  be  permitted  to assign this Agreement or any interest
herein  or  in the Collateral, or any part thereof, or any cash or property held
by  the  Holders  as  Collateral under this Agreement, except as contemplated by
this  Agreement.

     23.     Governing Law. This Agreement shall be construed in accordance with
             -------------
and  governed by the laws of the State of Florida, except to the extent that the
validity  or  perfection  of  the  security  interest  hereunder,  or  remedies
hereunder, in respect of any particular collateral are governed by the laws of a
jurisdiction  other  than  the  State of Florida. The parties hereby consent and
submit  to  the  jurisdiction of the state and federal courts sitting in Broward
County,  Florida  for  the  resolution  of  any  dispute  arising  out  of or in
connection  with  this  Agreement. In the event of a dispute between the parties
for  any matter arising out of this Agreement, the prevailing party(ies) in such
dispute  shall  be  entitled  to  recover  against  the  other party, reasonable
attorney's  fees  and  court costs, including the cost of any appeals associated
therewith.

     24.     Notices.  All  communications  and  notices  hereunder  shall be in
             -------
writing and  given  as  provided  in  the  Debentures.

<PAGE>

     25.     Severability.  In  case any one or more of the provisions contained
             ------------
in  this  Agreement  should  be  invalid, illegal or unenforceable the remaining
provisions  contained  herein  shall  not  in  any  way be affected or impaired.

     26.     Section Headings.  Section headings used herein are for convenience
             ----------------
only  and  are  not  to  affect  the  construction  of,  or  to  be  taken  into
consideration  in  interpreting,  this  Agreement.

     27.     Counterparts.  This  Agreement  may be  executed  in  two  or  more
             ------------
counterparts, each of which shall constitute an original, but all of which, when
taken  together,  shall  constitute but one instrument.  This Agreement shall be
effective  when  a counterpart that bears the signature of the Debtor shall have
been  delivered  to  the  Holders.

     28.     Termination.  This  Agreement  and  the  Security  Interest  shall
             -----------
terminate when all the Secured Obligations have been fully and indefeasibly paid
in  full,  at which time the Holders shall execute and deliver to the Debtor all
Uniform  Commercial  Code termination statements and similar documents which the
Debtor shall reasonably request to evidence such termination; provided, however,
                                                              --------  -------
that  all  indemnities  of the Debtor contained in this Agreement shall survive,
and remain operative and in full force and effect regardless of, the termination
of  this  Agreement for a period of six months following the termination of this
Agreement.

     29.     Representative.  Upon execution hereof, and thereafter from time to
             ---------------
time,  as determined by the Holders, the Holders shall provide to the Debtor, in
writing,  the  name  and  notice  information  of  a  representative  (the
"Representative")  who  shall  be exclusively authorized to act on behalf of the
 --------------
Holders.  The  Debtor  may, in good faith, rely upon any document, instrument or
instruction presented to the Debtor by the Representative, and treat same as the
act  of the Holders.  In the event that the Debtor acts in good faith reasonable
reliance  upon  instruction  made in any such document or instrument, the Debtor
shall  not  be  liable  for  the  sufficiency,  accuracy or authenticity of such
document  or  instrument.

     30.     Entire  Agreement.  This Agreement constitutes the entire agreement
             ------------------
between  the parties and supersedes any prior or contemporaneous oral or written
agreement  or  representation  between  them  with  regard to the subject matter
hereof.  This  Agreement  may not be modified except by a writing signed by each
of  the  parties  hereto.

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                             SIGNATURE PAGE FOLLOWS

<PAGE>

     IN  WITNESS  WHEREOF,  the  parties hereto have duly executed this Security
Agreement  as  of  the  day  and  year  first  above  written.

                                                    DEBTOR:
                                                    ------

                                                    POWER2SHIP, INC.

                                                    By:
                                                       -------------------------
                                                    Name:
                                                         -----------------------
                                                    Title:
                                                          ----------------------

                                                    HOLDERS:
                                                    -------

                                                    ----------------------------

                                                    ----------------------------

<PAGE>

                               SECURITY AGREEMENT
                               ------------------

     THIS  SECURITY  AGREEMENT  (the  "Agreement")  dated  as  of the     day of
                                       ---------                     -----
           ,  200  ,  is  entered into by and between POWER2SHIP, INC., a Nevada
-----------      --
corporation  (the  "Debtor"),  and  the  holders  of  14.25% Secured Convertible
                    ------
Debentures  (the  "Holders").
                   -------

                                    RECITALS
                                    --------

     WHEREAS,  the  Debtor  has conducted a private offering (the "Offering") of
                                                                   --------
14.25%  Secured  Convertible  Debentures  (the  "Debentures")  pursuant  to  a
                                                 ----------
Confidential  Summary  Private  Offering  Memorandum;  and

     WHEREAS,  as a condition of the offering, the Debtor has agreed to grant to
the Holders a security interest in the Collateral (as hereinafter defined) to be
used  as  security  for the Secured Obligations (as defined herein) on terms set
forth  herein.

     NOW,  THEREFORE, in consideration of the premises set forth herein, and for
other  good  and  valuable  consideration, the receipt and adequacy of which are
hereby  acknowledged,  the  Debtor  hereby  agrees  with the Holders as follows:

     1.  Recitals.  The  above  recitals  are  true  and  correct  and  same are
         --------
incorporated  into  this  Agreement  by  this  reference.

     2.  Definition.  As  used  herein,  the  term  "Collateral"  shall mean the
         ----------                                  ----------
proceeds  of  an  account  to  be  established for the benefit of the Holders at
Newbridge Securities Corporation, to be funded with 7.125% of the gross proceeds
of  the  Offering.

     3.  Security for Obligations. This Agreement secures, and the Collateral is
         -----------------------
collateral  security  for,  the  prompt  payment  of interest on the Debentures,
whether  at  stated maturity, by required prepayment, declaration, acceleration,
conversion,  demand  or  otherwise  (including the payment of amounts that would
become  due  but for the operation of the automatic stay under Section 363(a) of
the  Bankruptcy  Code,  11  U.S.C. Sec.362(a)) (such obligation of Debtor to pay
interest  on  the  Debentures  being  the  "Secured  Obligations").
                                            --------------------

     4.  Security  Interests. As security for the payment and performance of the
         -------------------
Secured  Obligations, the Debtor hereby creates and grants to the Holders, their
successors  and  assigns,  a  security interest in the Collateral (the "Security
                                                                        --------
Interest"). Without limiting the foregoing, the Holders are hereby authorized to
-------
file one or more financing statements for the purpose of perfecting, confirming,
continuing,  enforcing or protecting the Security Interest, naming the Debtor as
debtor and the Representative (as hereinafter defined), as representative of the
Holders  as  creditors

     5.  Further  Assurances.  Debtor  agrees,  at  its  expense,  to  execute,
         -------------------
acknowledge, deliver and cause to be duly filed all such further instruments and
documents  and  take  all  such  actions  as  the  Holders may from time to time
reasonably  request for the assuring and preserving of the Security Interest and
the  rights  and  remedies  created  hereby,  including, without limitation, the
payment  of  any  fees  and  taxes required in connection with the execution and
delivery of this Agreement, the granting of the Security Interest and the filing
of  any  financing  statements  or  other  documents  in  connection  herewith.

<PAGE>

     6. Taxes; Encumbrances. At their option, the Holders may discharge past due
        ------------------
taxes,  liens,  security  interests  or other encumbrances at any time levied or
placed on the Collateral and not permitted under the Debentures, and may pay for
the maintenance and preservation of the Collateral to the extent Debtor fails to
do  so,  and  Debtor  agrees  to reimburse the Holders within five business days
following  receipt  of  written notice from the Holders, accompanied by proof of
payment,  for  any  payment  made  or any expense incurred by it pursuant to the
foregoing  authorization;  provided, however, that nothing in this Section shall
                           --------  ------
be interpreted as excusing Debtor from the performance of any covenants or other
promises with respect to taxes, liens, security interests or other en-cumbrances
and  maintenances  as  set  forth  herein  or  in  the  Debentures.

     7.  Representations,  Warranties  and  Covenants. Debtor hereby represents,
         --------------------------------------------
warrants,  covenants  and  agrees  as  follows:

          (a)  Title  and  Authority.  Subject to security agreements, leases or
               --------------------
     similar  arrangements entered into by Debtor prior to the execution of this
     Agreement,  it  has  (i)  rights  in, and good and marketable title to, the
     Collateral and (ii) the requisite corporate power and authority to grant to
     the Holders the Security Interest in such Collateral pursuant hereto and to
     execute,  deliver  and perform its obligations in accordance with the terms
     of  this  Agreement, without the consent or approval of any other person or
     entity  other  than  any  consent  or  approval  which  has  been obtained.

          (b)  Filing.  Fully  executed  Uniform  Commercial  Code  financing
               ------
     statements  containing  a  description of the Collateral shall have been or
     shall be delivered to the Holders in such form as requested by the Holders.

          (c) Absence of Other Liens. The Collateral is owned by the Debtor free
              ---------------------
     and  clear  of  any  lien  or  encumbrance of any nature whatsoever, except
     otherwise  disclosed  to  the  Holders  in  writing  on the date hereof, no
     financing statement has been filed, under the Uniform Commercial Code as in
     effect  in  any  state  or  otherwise,  covering  any  Collateral.

          (d)  No Conflict. None of the execution and delivery by Debtor of this
               -----------
     Agreement  and  the other loan documents or the grant and perfection of the
     Security  Interest will (i) conflict with, violate, breach, cause a default
     under  (with  or  without  the giving of notice or the passage of time), or
     permit  an  acceleration  or  termination  of,  any  document,  instrument,
     mortgage, indenture or other agreement applicable to Debtor or to which its
     assets  are  subject,  (ii) conflict with, violate or breach any applicable
     law,  rule,  regulation or order, or (iii) conflict with, violate or breach
     any  of the organizational documents of Debtor, the result of which (in the
     case  of clauses (i) and (ii) only) could be a material adverse affect upon
     the  business,  assets,  condition  (financial  or  other)  or prospects of
     Debtor.

<PAGE>

          (e)  Survival  of  Representations and Warranties. All representations
               --------------------------------------------
     and  warranties of the Debtor contained in this Agreement shall survive the
     execution, delivery and performance of this Agreement until the termination
     of  this  Agreement.

          (f)  Exclusive Security Interest. Debtor shall not grant to any person
               ---------------------------
     a  security  interest  in  the Collateral, except for the security interest
     created  hereby.

     8.  Protection of Security. Debtor shall, at its own cost and expense, take
         ---------------------
any  and  all actions reasonably necessary to defend title to the Collateral, to
defend the Security Interest of the Holders in such Collateral, and the priority
thereof,  against  any  adverse  lien  or  encumbrance of any nature whatsoever.

     9.  Continuing Obligations of Debtor. Debtor shall remain liable to observe
         -------------------------------
and  perform  all  the  material  conditions  and obligations to be observed and
performed  by it under each contract, agreement, interest or obligation relating
to  the  Collateral,  all  in  accordance with the terms and conditions thereof.

     10.  Use and Disposition of Collateral. Debtor shall not (a) make or permit
          --------------------------------
to  be  made any assignment, pledge or hypothecation of the Collateral, or grant
any  security interest in the Collateral except for the Security Interest or (b)
make  or  permit  to  be  made  any  transfer  of  any  Collateral.

     11. Remedies upon Default. In the event the Company fails to pay any of the
         ---------------------
Secured  Obligations as and when due (following the expiration of all applicable
grace  periods),  the  Representative shall have the authority and obligation to
withdraw  all  or  any  portion  of  the proceeds held in the Collateral for the
benefit  of  the  Holders,  as  their  respective  interests  may  appear.  The
representative  shall  provide  the  Company  with  written  notice  of any such
withdrawal  within  three  business days thereof. Neither the Representative nor
Newbridge  Securities  Corporation shall have any liability to the Debtor or any
other  person  for complying with this provision and the Debtor agrees that such
compliance shall not be a violation of any duty (fiduciary or otherwise) owed by
either  the  Representative  or  Newbridge Securities Corporation to the Debtor;
provided,  however,  that the Company shall be relieved of its obligation to pay
the  Secured Obligations to the extent of the amount of the Collateral withdrawn
by  the  Representative  under  this  provision.  Each of the Representative and
Newbridge  Securities  Corporation  are authorized to disregard any instructions
given  by  the  Debtor  that are contrary to the terms hereof. The Debtor hereby
waives  all  defenses  it  may  have  against  the enforcement of this provision
(whether  known  or  unknown)  and  irrevocably  agrees  that  any  claims  or
counterclaims  it  may have against the Holders, the Representative or Newbridge
Securities  Corporation  shall  not  be  deemed  to  be  a  defense  against the
enforcement  of  this  provision.

     12.  Replenishment  of  Collateral.  To  the  extent that the Collateral is
          -----------------------------
withdrawn by the Representative in accordance with the provisions of Section 11,
above,  the  Company  shall  have  a  period  of  45  days from the date of such
withdrawal to replenish the Collateral so that the Collateral is equal to 7.125%
of  the  then  outstanding  principal  amount  of  the Debentures. The Company's
failure  to  so  replenish  the  Collateral  within  such  45-day  period  shall
constitute  a  default  under  this  Agreement.

<PAGE>

     13.  Security  Interest  Absolute. All rights of the Holders hereunder, the
          ------------------
Security  Interest,  and  all  obligations  of  the  Debtor  hereunder, shall be
absolute  and  unconditional  irrespective  of  (a)  any  partial  invalidity or
unenforceability  of  the Debentures, any other agreement with respect to any of
the  Secured Obligations or any other agreement or instrument relating to any of
the  foregoing, (b) any change in the time, manner or place of payment of, or in
any other term of, all or any of the Secured Obligations, or any other amendment
or  waiver  of  or  consent  to  any  departure from the Debentures or any other
agreement  or  instrument,  (c)  any  exchange, release or non-perfection of any
other  Collateral,  or  any  release  or amendment or waiver of or consent to or
departure  from any guarantee, for all or any of the Secured Obligations, or (d)
any  other circumstance which might otherwise constitute a defense available to,
or  discharge  of the Debtor in respect of the Secured Obligations or in respect
of  this  Agreement.

     14.  No  Waiver.  No failure on the part of the Holders to exercise, and no
          ----------
delay  in  exercising,  any  right, power or remedy hereunder shall operate as a
waiver  thereof,  nor  shall  any  single or partial exercise of any such right,
power or remedy by the Holders preclude any other or further exercise thereof or
the  exercise  of  any  other right, power or remedy. All remedies hereunder are
cumulative  and  are  not  exclusive  of any other remedies provided by law. The
Holders  shall  not  be  deemed to have waived any rights hereunder or under any
other  agreement or instrument unless such waiver shall be in writing and signed
by  such  parties.

     15.  Holders  Appointed  Attorney-in-Fact.  Debtor  hereby  appoints  the
          -----------------------------------
Representative  (as  hereinafter defined) of the Holders the attorney-in-fact of
Debtor  solely  for the purpose of carrying out the provisions of this Agreement
and  taking any action and executing any instrument which the Representative may
reasonably  deem  necessary to accomplish the purposes hereof, which appointment
is irrevocable so long as this Agreement and the Security Interest have not been
terminated.

     16.  Waiver  of  Equitable Subordination. Each of the parties hereto waives
          -----------------------------------
any  and all rights it may have to assert a claim for or to raise the defense of
equitable  subordination  in  any  legal  action or proceeding arising from this
Agreement  or  the  Debentures.

     17.  Binding  Agreement;  Assignments.  This  Agreement,  and  the  terms,
          --------------------------------
covenants  and conditions hereof, shall be binding upon and inure to the benefit
of  the  parties hereto and their respective successors and assigns, except that
the  Debtor  shall  not  be  permitted  to assign this Agreement or any interest
herein  or  in the Collateral, or any part thereof, or any cash or property held
by  the  Holders  as  Collateral under this Agreement, except as contemplated by
this  Agreement.

     18. Governing Law. This Agreement shall be construed in accordance with and
         -------------
governed  by  the  laws  of  the State of Florida, except to the extent that the
validity  or  perfection  of  the  security  interest  hereunder,  or  remedies
hereunder, in respect of any particular collateral are governed by the laws of a
jurisdiction  other  than  the  State of Florida. The parties hereby consent and
submit  to  the  jurisdiction of the state and federal courts sitting in Broward
County,  Florida  for  the  resolution  of  any  dispute  arising  out  of or in
connection  with  this  Agreement. In the event of a dispute between the parties
for  any matter arising out of this Agreement, the prevailing party(ies) in such
dispute  shall  be  entitled  to  recover  against  the  other party, reasonable
attorney's  fees  and  court costs, including the cost of any appeals associated
therewith.

<PAGE>

     19.  Notices.  All communications and notices hereunder shall be in writing
          -------
and  given  as  provided  in  the  Debentures.

     20.  Severability.  In  case any one or more of the provisions contained in
          ------------
this  Agreement  should  be  invalid,  illegal  or  unenforceable  the remaining
provisions  contained  herein  shall  not  in  any  way be affected or impaired.

     21. Section Headings. Section headings used herein are for convenience only
         ----------------
and  are not to affect the construction of, or to be taken into consideration in
interpreting,  this  Agreement.

     22.  Counterparts.  This  Agreement  may  be  executed  in  two  or  more
          ------------
counterparts, each of which shall constitute an original, but all of which, when
taken  together,  shall  constitute  but one instrument. This Agreement shall be
effective  when  a counterpart that bears the signature of the Debtor shall have
been  delivered  to  the  Holders.

     23.  Termination.  This Agreement and the Security Interest shall terminate
          -----------
when  all the Secured Obligations have been fully and indefeasibly paid in full,
at  which  time  the Holders shall execute and deliver to the Debtor all Uniform
Commercial  Code  termination  statements and similar documents which the Debtor
shall  reasonably  request to evidence such termination; provided, however, that
                                                         --------  -------
all  indemnities  of  the  Debtor contained in this Agreement shall survive, and
remain  operative and in full force and effect regardless of, the termination of
this  Agreement  for  a  period  of six months following the termination of this
Agreement.

     24.  Representative.  Upon  execution  hereof,  and thereafter from time to
          --------------
time,  as determined by the Holders, the Holders shall provide to the Debtor, in
writing,  the  name  and  notice  information  of  a  representative  (the
"Representative")  who  shall  be exclusively authorized to act on behalf of the
---------------
Holders.  The  Debtor  may, in good faith, rely upon any document, instrument or
instruction presented to the Debtor by the Representative, and treat same as the
act  of the Holders.  In the event that the Debtor acts in good faith reasonable
reliance  upon  instruction  made in any such document or instrument, the Debtor
shall  not  be  liable  for  the  sufficiency,  accuracy or authenticity of such
document  or  instrument.

     25.  Entire  Agreement.  This  Agreement  constitutes  the entire agreement
          -----------------
between  the parties and supersedes any prior or contemporaneous oral or written
agreement  or  representation  between  them  with  regard to the subject matter
hereof. This Agreement may not be modified except by a writing signed by each of
the  parties  hereto.

<PAGE>

     IN  WITNESS  WHEREOF,  the  parties hereto have duly executed this Security
Agreement  as  of  the  day  and  year  first  above  written.

                                         DEBTOR:
                                         ------

                                         POWER2SHIP, INC.

                                         By:
                                            ------------------------------------
                                         Name:
                                              ----------------------------------
                                         Title:
                                               ---------------------------------

                                         HOLDERS:
                                         -------

                                               ---------------------------------

                                               ---------------------------------

<PAGE>EXHIBIT 10.19

                          REGISTRATION RIGHTS AGREEMENT
                          -----------------------------

     THIS  REGISTRATION  RIGHTS  AGREEMENT (the "Agreement") dated as of the
                                                 ---------                  ----
day of        , 200   by and between Power2Ship, Inc., a Nevada corporation with
      --------     ---
its  principal  offices  at  903  Clint  Moore  Road, Boca Raton, FL  33487 (the
"Company"),  and  the  holders  (collectively,  the "Holders") of 14.25% Secured
 -------                                             -------
Convertible  Debentures  (collectively,  the  "Debentures").
                                               ----------

     The  parties  hereto,  for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and intending to be legally bound,
hereby  agree  as  follows:

     1.     DEFINITIONS.  The  following  terms  have  the  following  meanings:

     (a)     "Act"  means  the  U.S. Securities Act of 1933, as amended, and the
              ---
rules  and  regulations  promulgated  thereunder.

     (b)     "Commission"  means  the  Securities  and  Exchange  Commission.
              ----------

     (c)     "Common  Stock" means the Common Stock, par value $0.001 per share,
              ------------
of the  Company.

     (d)     "Registrable  Securities"  means  any  Common  Stock of the Company
               ----------------------
issued  or  issuable  to  the  Holders  upon conversion and/or redemption of the
Debentures  or  as  provided  for  in  Section  2,  below.

     (e)     "Registration,"  "register" and like words mean compliance with all
              ------------     --------
of the laws, rules and regulations (federal, state and local), and provisions of
agreements  and  corporate  documents  pertaining  to  the  public  offering  of
securities,  including  registration of any public offering of securities on any
form  under  the  Act.

     (f)     "Registration  Statement"  means  that registration statement to be
              -----------------------
filed with  the  Commission  pursuant  to  Section  2.a.  below.

     2.     MANDATORY  REGISTRATION.

     (a)     The  Company shall within forty-five (45) days of the final closing
of  the  offering related to the Debentures (the "Offering") file a Registration
Statement  with  the  Commission registering the Registrable Securities.  In the
event  that  the  Company  fails to strictly comply with the preceding sentence,
then  the  Company shall issue to each Holder 75 shares of Common Stock for each
$1,000  of  the face value of the Debentures held (or a pro rata portion rounded
to  the  next  highest  share  if  less  than  $1,000).

     (b)     In addition, the Company shall  use its  best efforts utilizing the
services  of  a  securities  attorney  to cause the Registration Statement filed
pursuant  to  Section  2(a)  hereof  to  be declared effective by the Commission
within  120  days  of  the final closing of the Offering.  In the event that the
Company  fails  to strictly comply with the preceding sentence, then the Company
shall issue to each Holder 75 shares of Common Stock for each $1,000 of the face
value  of the Debentures held (or a pro rata portion rounded to the next highest
share if less than $1,000).  The shares to be issued in accordance with Sections
2(a)  and  2(b)  are  independent  of  each  other.

<PAGE>

     (c)     Upon  effectiveness,  the  Company shall, subject to "blackouts" or
suspensions  required  by  applicable  law,  keep  the  Registration  Statement
referenced  in  this  Section  2  effective  for  so  long as any Debentures are
outstanding.

     3.     INFORMATION  TO  BE FURNISHED BY THE HOLDERS.  As a condition to the
Company's  registration  obligations hereunder, the Holders shall furnish to the
Company  in  writing all information within its possession, control or knowledge
reasonably  requested by the Company and/or required by the applicable rules and
regulations of the Commission and by any applicable state securities or blue sky
laws concerning the Holders, the proposed method of sale or other disposition of
the  shares  of Common Stock being sold by the Holders in such Offering, and the
identity  of  and  compensation  to  be  paid  to  any  proposed  underwriter or
underwriters  to  be  employed  in  connection  with  such  Offering.

     4.     COSTS AND EXPENSES.  The Company shall pay all costs and expenses in
connection  with  the Registration under this Agreement; provided, however, that
                                                         --------  -------
the  Holders shall bear the fees and expenses of its own counsel and accountants
and  any  selling  expenses  relating  to  the  sale or other disposition of the
Registrable  Shares  registered  on  behalf  of  the  Holders  in  the
Registration  Statement,  including  without  limitation,  any  transfer  taxes,
underwriting  discounts  or  commissions.

     5.     NOTICES. All notices and other communications provided for hereunder
must  be  in writing and shall be deemed to have been given on the same day when
personally  delivered or sent by confirmed facsimile transmission or on the next
business  day  when  delivered  by  receipted  courier  service  or on the third
business day when mailed with sufficient postage, certified mail, return receipt
requested,  to  the  following  addresses:

If to the Company:     Power2Ship, Inc.
                       903 Clint Moore Road
                       Boca Raton, FL 33487
                       Attn: Richard Hersh, CEO

If to the Holders:     The addresses set forth in the Company's records

or to such other address as any party shall have furnished to the other parties
pursuant to this Section 5.

     6.     ENTIRE  AGREEMENT;  MODIFICATION  OF  AGREEMENT;  CONSENTS.  This
Agreement  constitutes  the  entire  agreement  between  the parties hereto with
respect  to  the  subject  matter  hereof.  Changes  in,  or  additions to, this
Agreement  may  be made, and/or compliance with any covenant or condition herein
set  forth  may be omitted, only upon written consent of all the parties hereto.

     7.     SUCCESSORS  AND  ASSIGNS.  This Agreement  shall be binding upon and
inure  to  the  benefit  of  the  parties  hereto and their respective permitted
successors,  transferees  and  assigns.

     8.     GOVERNING LAW; VENUE. This Agreement shall be construed and enforced
in accordance with the laws of the State of Florida without regard to any of its
principles  of  conflicts  of law. All parties hereto (a) agree that legal suit,
action or proceeding arising out of this Agreement shall be instituted only in a
federal  or  state  court located in Florida, (b) waive any objection which they
may  now  have  or  hereafter  have to the laying of the venue of any such suit,
action  or proceeding as described in this Section 8, and (c) irrevocably submit
to  the  exclusive jurisdiction of any federal or state court located in Broward
County,  Florida  in any such suit, action or proceeding, but such consent shall
not  constitute  a general appearance or be available to any other person who is
not  a  party  to  this  Agreement.

<PAGE>

     9.    COUNTERPARTS. This Agreement may be executed in counterparts, each of
which  shall  be  deemed an original and both of which together shall constitute
one  and  the  same  agreement.

     IN WITNESS WHEREOF, the parties hereto have caused this Registration Rights
Agreement  to  be  duly  executed  as  of  the  date  first  set  forth  above.

                                        POWER2SHIP, INC.

                                        By:
                                           -------------------------------
                                        Name:
                                             -----------------------------
                                        Its:
                                            ------------------------------

                                        THE HOLDERS

                                        ----------------------------------
                                        Name:
                                             -----------------------------

                                        ----------------------------------
                                        Name:
                                             -----------------------------

<PAGE>

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