Document:

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                                                                    Exhibit 4.10

                               SECURITY AGREEMENT

         THIS SECURITY  AGREEMENT  (the  "AGREEMENT"),  is entered into and made
effective as of June , 2003, by and between  PICK-UPS PLUS INC., (the "COMPANY")
ROBERT  ELLIS and the BUYER(S)  listed on Schedule I attached to the  Securities
Purchase Agreement dated the date hereof. (the "SECURED PARTY").

         WHEREAS,  the Company  shall issue and sell to the  Secured  Party,  as
provided in the Securities  Purchase  Agreement  dated the date hereof,  and the
Secured  Party  shall  purchase  up  to  One  Hundred  Eighty  Thousand  Dollars
($180,000) of five percent (5%) secured convertible debentures (the "CONVERTIBLE
DEBENTURES"),  which shall be convertible into shares of the Companys  Company's
common  stock,  par  value  $.001  (the  "COMMON  STOCK")  (as  converted,   the
"CONVERSION  SHARES"),  for a total  purchase  price of up to One Hundred Eighty
Thousand Dollars  ($180,000),  in the respective amounts set forth opposite each
Buyer(s) name on Schedule I attached to the Securities Purchase Agreement;

         WHEREAS,  to induce the  Secured  Party to enter  into the  transaction
contemplated  by the  Securities  Purchase  Agreement,  the Secured  Convertible
Debenture,  the Registration  Rights Agreement,  the Irrevocable  Transfer Agent
Instructions,  and  the  Escrow  Agreement  (collectively  referred  to  as  the
"TRANSACTION  DOCUMENTS"),  the Company  hereby  grants to the  Secured  Party a
security  interest  in and to the  pledged  property  identified  on EXHIBIT "A"
hereto  (collectively  referred to as the  "Pledged  Property")  pursuant to the
terms and conditions of this Agreement .

         NOW,  THEREFORE,  in  consideration  of the  premises  and  the  mutual
covenants herein contained,  and for other good and valuable consideration,  the
adequacy and receipt of which are hereby acknowledged, the parties hereto hereby
agree as follows:

                                   ARTICLE 1.

                         DEFINITIONS AND INTERPRETATIONS

         Section 1.1.      RECITALS.
         The above recitals are true and correct and are incorporated herein, in
their entirety, by this reference.

          Section 1.2. INTERPRETATIONS.
         Nothing  herein  expressed or implied is intended or shall be construed
to confer  upon any person  other than the  Secured  Party any right,  remedy or
claim under or by reason hereof.

         Section 1.3. OBLIGATIONS SECURED.
         The  obligations  secured  hereby  are any and all  obligations  of the
Company to the  Secured  Party,  whether  oral or written  and  whether  arising
before,  on or after  the  date  hereof  including,  without  limitation,  those
obligations  of the Company to the Secured Party under the  Securities  Purchase
Agreement,  Secured  Convertible  Debenture,  Registration  Rights Agreement and
Irrevocable  Transfer  Agent  Instructions,  in the  principal  amounts  thereof
outstanding from time to time, and any other amounts payable by or chargeable to
the Company there under or hereunder (collectively, the "OBLIGATIONS").
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                                   ARTICLE 2.

               PLEDGED COLLATERAL AND ADMINISTRATION OF COLLATERAL

         Section 2.1.      PLEDGED PROPERTY.

                  (a) Robert  Ellis  hereby  pledges to the Secured  Party,  and
creates in the Secured Party for its benefit, a security interest, for such time
as the Obligations shall remain outstanding,  in and to four million (4,000,000)
restricted shares of the Company,  which have subsequently been transferred into
the name of the  Secured  Party as set  forth in  EXHIBIT  "A"  attached  hereto
(collectively, the "PLEDGED PROPERTY"):

         The Pledged Property,  as set forth in EXHIBIT "A" attached hereto, and
the  products  thereof  and the  proceeds  of all  such  items  are  hereinafter
collectively referred to as the "PLEDGED COLLATERAL."

                  (b)  Simultaneously  with the  execution  and delivery of this
Agreement, the Robert Ellis shall make, execute,  acknowledge,  file, record and
deliver to the Secured Party any documents  reasonably  requested by the Secured
Party to perfect its security interest in the Pledged  Property.  Simultaneously
with the  execution  and  delivery of this  Agreement,  Robert Ellis shall make,
execute,  acknowledge  and  deliver  to the  Secured  Party such  documents  and
instruments, including, without limitation, financing statements,  certificates,
affidavits  and forms as may, in the Secured  Party's  reasonable  judgment,  be
necessary to effectuate,  complete or perfect, or to continue and preserve,  the
security interest of the Secured Party in the Pledged Property,  and the Secured
Party shall hold such documents and instruments as secured party, subject to the
terms and conditions contained herein.

         Section 2.2       RIGHTS; INTERESTS; ETC.

                  (a) So long as no Event of Default  (as  hereinafter  defined)
shall have occurred and be continuing:

                           (i) Robert  Ellis  shall not be  entitled to exercise
any and all rights pertaining to the Pledged
Property or any part thereof for any purpose; and

                           (ii)  Robert  Ellis  shall not be entitled to receive
and retain any and all payments paid or made in
respect of the Pledged Property.

                  (b) Upon the occurrence and during the continuance of an Event
of Default:

                           (i) All rights of Robert Ellisto  exercise the rights
which it would otherwise be entitled to exercise  pursuant to Section  2.2(a)(i)
hereof and to receive payments which it would otherwise be authorized to receive
and retain  pursuant to Section  2.2(a)(ii)  hereof shall be suspended,  and all
such  rights  shall  thereupon  become  vested  in the  Secured  Party who shall
thereupon have the sole right to exercise such rights and to receive and hold as
Pledged

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Collateral  such payments;  PROVIDED,  HOWEVER,  that if the Secured Party shall
become  entitled and shall elect to exercise its right to realize on the Pledged
Collateral  pursuant  to Article V hereof,  then all cash sums  received  by the
Secured Party,  or held by Company for the benefit of the Secured Party and paid
over  pursuant  to  Section  2.2(b)(ii)  hereof,  shall be applied  against  any
outstanding Obligations; and

                           (ii)  All  interest,   dividends,  income  and  other
payments and  distributions  which are received by Robert Ellis  contrary to the
provisions  of  Section  2.2(b)(i)  hereof  shall be  received  in trust for the
benefit of the Secured  Party,  and shall be forthwith  paid over to the Secured
Party; or

                           (iii) The Secured Party in its sole discretion  shall
be  authorized  to sell any or all of the Pledged  Property at public or private
sale in order to recoup all of the outstanding  principal plus accrued  interest
owed pursuant to the Convertible Debenture as described herein

                  (c) Each of the  following  events shall  constitute a default
under this Agreement (each an "EVENT OF DEFAULT"):

                           (i) any default,  whether in whole or in part,  shall
occur in the payment to the Secured Party of  principal,  interest or other item
comprising the  Obligations as and when due or with respect to any other debt or
obligation of the Company to a party other than the Secured Party;

                           (ii) any default,  whether in whole or in part, shall
occur  in the  due  observance  or  performance  of  any  obligations  or  other
covenants,  terms or  provisions  to be  performed  under this  Agreement or the
Transaction Documents;

                           (iii)    the  Company  shall:  (1)  make  a   general
assignment  for the  benefit of its  creditors;  (2) apply for or consent to the
appointment  of  a  receiver,   trustee,  assignee,   custodian,   sequestrator,
liquidator or similar  official for itself or any of its assets and  properties;
(3)  commence a voluntary  case for relief as a debtor  under the United  States
Bankruptcy Code; (4) file with or otherwise submit to any governmental authority
any petition,  answer or other  document  seeking:  (A)  reorganization,  (B) an
arrangement  with  creditors or (C) to take  advantage  of any other  present or
future  applicable  law  respecting  bankruptcy,   reorganization,   insolvency,
readjustment of debts, relief of debtors,  dissolution or liquidation;  (5) file
or otherwise submit any answer or other document admitting or failing to contest
the  material  allegations  of a petition or other  document  filed or otherwise
submitted  against it in any proceeding under any such applicable law, or (6) be
adjudicated a bankrupt or insolvent by a court of competent jurisdiction; or

                           (iv) any case,  proceeding  or other  action shall be
commenced  against  the  Company  for the  purpose  of  effecting,  or an order,
judgment  or decree  shall be  entered  by any court of  competent  jurisdiction
approving  (in  whole or in part)  anything  specified  in  Section  2.2(c)(iii)
hereof, or any receiver, trustee, assignee, custodian, sequestrator,  liquidator
or other official  shall be appointed  with respect to the Company,  or shall be
appointed to take or shall otherwise  acquire  possession or control of all or a
substantial  part of the assets and

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properties of the Company,  and any of the foregoing shall continue unstayed and
in effect for any period of thirty (30) days.

                                   ARTICLE 3.

                          ATTORNEY-IN-FACT; PERFORMANCE

         Section 3.1. SECURED PARTY APPOINTED ATTORNEY-IN-FACT.

         Upon the  occurrence  of an  Event  of  Default,  Robert  Ellis  hereby
appoints the Secured Party as its  attorney-in-fact,  with full authority in the
place and stead of the  Company  and in the name of Robert  Ellis or  otherwise,
from time to time in the Secured  Party's  discretion  to take any action and to
execute any instrument  which the Secured Party may reasonably deem necessary to
accomplish the purposes of this Agreement,  including,  without  limitation,  to
receive and collect all  instruments  made payable to Robert Ellis  representing
any  payments in respect of the Pledged  Collateral  or any part  thereof and to
give full discharge for the same. The Secured Party may demand, collect, receipt
for, settle,  compromise,  adjust, sue for, foreclose, or realize on the Pledged
Property as and when the Secured Party may determine.  To facilitate collection,
the  Secured  Party may notify  account  debtors  and  obligors  on any  Pledged
Property or Pledged Collateral to make payments directly to the Secured Party.

         Section 3.2. SECURED PARTY MAY PERFORM.

         If the Company fails to perform any  agreement  contained  herein,  the
Secured Party, at its option, may itself perform,  or cause performance of, such
agreement,  and  the  expenses  of the  Secured  Party  incurred  in  connection
therewith shall be included in the Obligations secured hereby and payable by the
Company under Section 8.3.

                                   ARTICLE 4.

                         REPRESENTATIONS AND WARRANTIES

         Section 4.1. AUTHORIZATION; ENFORCEABILITY.

         Each of the parties  hereto  represents  and warrants that it has taken
all action  necessary to authorize the  execution,  delivery and  performance of
this Agreement and the transactions  contemplated hereby; and upon execution and
delivery,  this Agreement shall constitute a valid and binding obligation of the
respective party, subject to applicable bankruptcy, insolvency,  reorganization,
moratorium  and similar laws  affecting  creditors'  rights or by the principles
governing the availability of equitable remedies.

         Section 4.2. OWNERSHIP OF PLEDGED PROPERTY.

         Robert  Ellis  warrants  and  represents  that  it  is  the  legal  and
beneficial  owner of the Pledged  Property free and clear of any lien,  security
interest,  option  or  other  charge  or  encumbrance  except  for the  security
interests  identified on EXHIBIT A hereto and the security  interest  created by
this Agreement.

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                                   ARTICLE 5.

                    DEFAULT; REMEDIES; SUBSTITUTE COLLATERAL

         Section 5.1. DEFAULT AND REMEDIES.

                  (a) If an Event of Default  described in Section 2.2(c)(i) and
(ii)  occurs,  then  in each  such  case  the  Secured  Party  may  declare  the
Obligations  to be due and  payable  immediately,  by a notice in writing to the
Company, and upon any such declaration, the Obligations shall become immediately
due and payable.  If an Event of Default  described in Sections  2.2(c)(iii)  or
(iv)  occurs  and is  continuing  for the  period  set forth  therein,  then the
Obligations  shall  automatically  become  immediately  due and payable  without
declaration or other act on the part of the Secured Party.

                  (b) Upon the  occurrence  of an Event of Default,  the Secured
Party shall,:  (i) be entitled to receive all distributions  with respect to the
Pledged  Collateral,  (ii) to cause the Pledged  Property to be transferred into
the name of the Secured  Party or its  nominee,  (iii) to dispose of the Pledged
Property,  and (iv) to realize  upon any and all rights in the Pledged  Property
then held by the Secured Party.

         Section  5.2.  METHOD OF  REALIZING  UPON THE PLEDGED  PROPERTY : OTHER
REMEDIES.

         Upon the  occurrence of an Event of Default,  in addition to any rights
and  remedies  available at law or in equity,  the  following  provisions  shall
govern the Secured Party's right to realize upon the Pledged Property:

                  (a) Any item of the Pledged  Property  may be sold for cash or
other value in any number of lots at brokers  board,  public  auction or private
sale and may be sold without  demand,  advertisement  or notice (except that the
Secured  Party shall give Robert  Ellis ten (10)  business  days' prior  written
notice of the time and place or of the time  after  which a private  sale may be
made (the "SALE  NOTICE")),  which  notice  period  shall in any event is hereby
agreed  to be  commercially  reasonable.  At any sale or  sales  of the  Pledged
Property,  the  Company  may bid for and  purchase  the whole or any part of the
Pledged  Property and, upon  compliance  with the terms of such sale,  may hold,
exploit and dispose of the same without  further  accountability  to the Secured
Party.  Robert  Ellis will  execute and  deliver,  or cause to be  executed  and
delivered, such instruments,  documents, assignments, waivers, certificates, and
affidavits and supply or cause to be supplied such further  information and take
such further action as the Secured Party  reasonably shall require in connection
with any such sale.

                  (b) Any  cash  being  held by the  Secured  Party  as  Pledged
Collateral  and all cash  proceeds  received by the Secured Party in respect of,
sale  of,  collection  from,  or other  realization  upon all or any part of the
Pledged Collateral shall be applied as follows:

                           (i) to the  payment of all  amounts  due the  Secured
Party for the expenses reimbursable to it hereunder
or owed to him pursuant to Section 8.3 hereof;

                           (ii) to the payment of the  Obligations  then due and
unpaid.

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                           (iii) the  balance,  if any, to the person or persons
entitled thereto, including, without limitation, the Company.

                  (c) In  addition to all of the rights and  remedies  which the
Secured Party may have pursuant to this Agreement,  the Secured Party shall have
all of the rights and remedies provided by law,  including,  without limitation,
those under the Uniform Commercial Code.

                  (d)

                           (i) If the Company fails to pay such amounts due upon
the occurrence of an Event of Default which is
continuing,  then the Secured Party may institute a judicial  proceeding for the
collection  of the sums so due and unpaid,  may  prosecute  such  proceeding  to
judgment  or final  decree and may  enforce  the same  against  the  Company and
collect the monies  adjudged or decreed to be payable in the manner  provided by
law out of the property of Company, wherever situated.

                           (ii) The  Company  agrees that it shall be liable for
any reasonable fees, expenses and costs incurred by
the Secured Party in connection with enforcement, collection and preservation of
the Transaction Documents,  including without limitation,  reasonable legal fees
and expenses.

                           (iii) Robert Ellis agrees that he shall be liable for
any reasonable fees , expenses and costs incurred by
the Secured Party in connection with enforcement, collection and preservation of
without limitation,  reasonable legal fees and expenses,  and such amounts shall
be deemed  included as  Obligations  secured  hereby and payable as set forth in
Section 8.3 hereof.

         Section 5.3. PROOFS OF CLAIM.

                  In  case  of the  pendency  of any  receivership,  insolvency,
liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relating to the Company or the property of the Company
or of such other obligor or its creditors,  the Secured Party  (irrespective  of
whether the Obligations shall then be due and payable as therein expressed or by
declaration  or otherwise  and  irrespective  of whether the Secured Party shall
have made any demand on the Company for the payment of the Obligations), subject
to the rights of Previous Security Holders, shall be entitled and empowered,  by
intervention in such proceeding or otherwise:

                           (i) to file and prove a claim for the whole amount of
the  Obligations  and to file such other papers or documents as may be necessary
or advisable  in order to have the claims of the Secured  Party  (including  any
claim for the  reasonable  legal fees and  expenses and other  expenses  paid or
incurred by the  Secured  Party  permitted  hereunder  and of the Secured  Party
allowed in such judicial proceeding), and

                           (ii) to  collect  and  receive  any  monies  or other
property  payable or  deliverable on any such claims and to distribute the same;
and any custodian,  receiver,  assignee,  trustee,  liquidator,  sequestrator or
other similar official in any such judicial  proceeding is hereby  authorized by
the Secured  Party to make such  payments to the Secured Party and, in the event

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that the Secured Party shall consent to the making of such payments  directed to
the Secured  Party,  to pay to the Secured Party any amounts for expenses due it
hereunder.

         Section 5.4. DUTIES REGARDING PLEDGED COLLATERAL.

         The Secured Party shall have no duty as to the collection or protection
of the Pledged  Property or any income thereon or as to the  preservation of any
rights pertaining thereto, beyond the safe custody and reasonable care of any of
the Pledged Property actually in the Secured Party's possession.

                                   ARTICLE 6.

                              AFFIRMATIVE COVENANTS

         Robert Ellis  covenants and agrees that, from the date hereof and until
the  Obligations  have been fully paid and  satisfied,  unless the Secured Party
shall consent otherwise in writing (as provided in Section 8.4 hereof):

         Section 6.1.      EXISTENCE, PROPERTIES, ETC.

                  Robert  Ellis shall do, or cause to be done,  all  things,  or
proceed with due  diligence  with any actions or courses of action,  that may be
reasonably  necessary to execute or deliver this Agreement or any other document
delivered in  connection  herewith,  including,  without  limitation,  any UCC-1
Financing Statements required by the Secured Party (which other loan instruments
collectively  shall be referred to as the "LOAN  INSTRUMENTS") to which it is or
will be a party, or perform any of its obligations hereunder or thereunder.

         Section 6.2.      DEFENSE OF COLLATERAL, ETC.

         Robert Ellis shall defend and enforce its right,  title and interest in
and to any part of: (a) the Pledged Property ; and (b) Robert Ellis shall defend
the Secured  Party's right,  title and interest in and to each and every part of
the Pledged Property,  each against all manner of claims and demands on a timely
basis to the full extent permitted by applicable law.

         6.3. NOTICE OF DEFAULT.

         Robert Ellis and the Company  shall give written  notice to the Secured
Party of the occurrence of any default or Event of Default under this Agreement,
the Transaction Documents or any other Loan Instrument or any other agreement of
Company for the payment of money, promptly upon the occurrence thereof.

         6.4. NOTICE OF LITIGATION.

         Robert Ellis shall give notice, in writing, to the Secured Party of (a)
any actions,  suits or proceedings wherein instituted by any persons against the
Pledged Prperty

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                                   ARTICLE 7.

                               NEGATIVE COVENANTS

         Robert Ellis  covenants and agrees that, from the date hereof until the
Obligations have been fully paid and satisfied, he shall not:

         Section 7.1. LIENS AND ENCUMBRANCES.

         Shall not directly or indirectly make, create,  incur, assume or permit
to exist any assignment,  transfer, pledge, mortgage, security interest or other
lien or  encumbrance  of any nature in, to or  against  any part of the  Pledged
Property  or offer or agree to do so, or own or acquire or agree to acquire  any
asset or property of any character subject to any of the foregoing  encumbrances
(including any conditional sale contract or other title retention agreement), or
assign,  pledge or in any way  transfer  or  encumber  its right to receive  any
income or other  distribution or proceeds from any part of the Pledged  Property
or the  Company's  capital  stock;  or enter into any  sale-leaseback  financing
respecting  any part of the Pledged  Property as lessee,  or cause or assist the
inception or continuation of any of the foregoing.

                                   ARTICLE 8.

                                  MISCELLANEOUS

         Section 8.1.      NOTICES.
         All notices or other  communications  required or permitted to be given
pursuant to this  Agreement  shall be in writing and shall be considered as duly
given on:  (a) the date of  delivery,  if  delivered  in person,  by  nationally
recognized  overnight  delivery  service or (b) five (5) days  after  mailing if
mailed from within the  continental  United  States by  certified  mail,  return
receipt requested to the party entitled to receive the same:

                    If to the Secured Party:           Robert Ellis

                    With a copy to:

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    If to the Company:    Pick Ups Plus Inc.
                          4360 Ferguson Drive - Suite 120
                          Cincinnati, Ohio 45245
                          Attention: Robert White
                          Telephone: (513) 398-4344
                          Facsimile: (513) 398-9802

    With a Copy to:       Sichenzia Ross Friedman Ference LLP
                          1065 Avenue of the Americas - 21st Floor
                          New York, New York 10018
                          Attention: Gregory Sichenzia, Esq.
                          Telephone: (212) 930-9700
                          Facsimile: (212) 930-9725

    If to Secured Party:  Cornell Capital Partners, LP
                          101 Hudson Street -Suite 3606
                          Jersey City, NJ 07302
                          Attention: Mark Angelo
                          Portfolio Manager
                          Telephone: (201) 985-8300
                          Facsimile: (201) 985-8266

    With a Copy to:       Butler Gonzalez LLP
                          1000 Stuyvesant Avenue - Suite 6
                          Union, NJ 07083
                          Attention: David Gonzalez, Esq.
                          Telephone: (908) 810-8588
                          Facsimile: (908) 810-0973

         Any party may change its  address by giving  notice to the other  party
stating its new address.  Commencing on the tenth (10th) day after the giving of
such notice, such newly designated address shall be such party's address for the
purpose of all notices or other communications required or permitted to be given
pursuant to this Agreement.

         Section 8.2.      SEVERABILITY.

         If  any  provision  of  this   Agreement   shall  be  held  invalid  or
unenforceable,  such  invalidity or  unenforceability  shall attach only to such
provision and shall not in any manner affect or render invalid or  unenforceable
any other  severable  provision of this  Agreement,  and this Agreement shall be
carried out as if any such invalid or unenforceable provision were not contained
herein.

         Section 8.3.      EXPENSES.

         In the  event of an  Event of  Default,  Robert  Ellis  will pay to the
Secured  Party the  amount of any and all  reasonable  expenses,  including  the
reasonable  fees and expenses of its counsel,  which the Secured Party may incur
in connection with: (i) the custody or preservation of, or the sale,  collection
from, or other realization upon, any of the Pledged Property;  (ii) the exercise
or enforcement of any of the rights of the Secured Party  hereunder or (iii) the
failure by the Company to perform or observe any of the provisions hereof.

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         Section 8.4.      WAIVERS, AMENDMENTS, ETC.

         The Secured  Party's delay or failure at any time or times hereafter to
require  strict  performance  by  Company or Robert  Ellis of any  undertakings,
agreements or covenants shall not waiver,  affect,  or diminish any right of the
Secured Party under this Agreement to demand strict  compliance and  performance
herewith.  Any waiver by the  Secured  Party of any Event of  Default  shall not
waive or affect any other  Event of  Default,  whether  such Event of Default is
prior or subsequent thereto and whether of the same or a different type. None of
the  undertakings,  agreements  and  covenants  of the  Company or Robert  Ellis
contained in this  Agreement,  and no Event of Default,  shall be deemed to have
been waived by the Secured Party, nor may this Agreement be amended,  changed or
modified, unless such waiver, amendment,  change or modification is evidenced by
an  instrument  in  writing  specifying  such  waiver,   amendment,   change  or
modification and signed by the Secured Party.

         Section 8.5. CONTINUING SECURITY INTEREST.

         This  Agreement  shall  create a  continuing  security  interest in the
Pledged  Property  and shall:  (i)  remain in full  force and  effect  until the
registration statement filed pursuant to the Registration Rights Agreement dated
the date  hereof is  declared  effective  by the United  States  Securities  and
Exchange  Commission;  and (ii) be binding upon Robert Ellis and his  successors
and heirs and (iii) inure to the benefit of the Secured Party and its successors
and assigns.  Upon the  registration  statement  bing declared  effective by the
United States Securities and Exchange  Commission or satisfaction in full of the
Obligations,  Robert Ellis shall be entitled to the return,  at its expense,  of
such of the  Pledged  Property  as shall not have been sold in  accordance  with
Section 5.2 hereof or otherwise applied pursuant to the terms hereof.

         Section 8.6. INDEPENDENT REPRESENTATION.

         Each party hereto  acknowledges  and agrees that it has received or has
had the opportunity to receive  independent  legal counsel of its own choice and
that it has been sufficiently  apprised of its rights and responsibilities  with
regard to the substance of this Agreement.

         Section 8.7. APPLICABLE LAW: JURISDICTION.

                            This Agreement  shall be governed by and interpreted
in  accordance  with the laws of the State of New Jersey  without  regard to the
principles  of  conflict  of laws.  The  parties  further  agree that any action
between them shall be heard in Hudson County,  New Jersey, and expressly consent
to the  jurisdiction  and venue of the Superior Court of New Jersey,  sitting in
Hudson  County and the United  States  District  Court for the  District  of New
Jersey sitting in Newark,  New Jersey for the  adjudication  of any civil action
asserted pursuant to this Paragraph.

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         Section 8.8. WAIVER OF JURY TRIAL.

         AS A  FURTHER  INDUCEMENT  FOR THE  SECURED  PARTY TO ENTER  INTO  THIS
AGREEMENT AND TO MAKE THE FINANCIAL  ACCOMMODATIONS TO THE COMPANY,  THE COMPANY
HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING  RELATED IN ANY
WAY TO THIS  AGREEMENT  AND/OR  ANY  AND ALL  OTHER  DOCUMENTS  RELATED  TO THIS
TRANSACTION.

         Section 8.9.      ENTIRE AGREEMENT.
         This Agreement  constitutes the entire  agreement among the parties and
supersedes any prior agreement or  understanding  among them with respect to the
subject matter hereof.

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         IN WITNESS WHEREOF,  the parties hereto have executed this Agreement as
of the date first above written.

                                     COMPANY:
                                     PICK-UPS PLUS INC.

                                     By:
                                     Name: Robert White
                                     Title: Chief Financial Officer

                                     ROBERT ELLIS

                                     By:_________________________________

                                     SECURED PARTY:
                                     CORNELL CAPITAL PARTNERS, LP

                                     By: Yorkville Advisors, LLC
                                     Its: General Partner

                                     By:_________________________________
                                     Name: Mark Angelo
                                     Title: Portfolio Manager

                                       12

<PAGE>

                                       A-1

<PAGE>

                                    EXHIBIT B

                         DEFINITION OF PLEDGED PROPERTY

         For the purpose of securing prompt and complete payment and performance
by the  Company  of all of the  Obligations,  the  Company  unconditionally  and
irrevocably hereby grants to the Secured Party a continuing security interest in
and to, and lien upon, the following Pledged Property of the Company:

------------------------------------------------------------------------------
      Number of Shares                  Stock Certificate Number
------------------------------------------------------------------------------
          4,000,000                              01641
------------------------------------------------------------------------------

                                      A-2

<PAGE><PAGE>
                                                                    Exhibit 4.11

                               SECURITY AGREEMENT

         THIS SECURITY  AGREEMENT  (the  "AGREEMENT"),  is entered into and made
effective as of June , 2003 by and between  PICK-UPS PLUS INC.,  (the "COMPANY")
DONALD  QUARTERMAN  and the  BUYER(S)  listed  on  Schedule  I  attached  to the
Securities Purchase Agreement dated the date hereof. (the "SECURED PARTY").

         WHEREAS,  the Company  shall issue and sell to the  Secured  Party,  as
provided in the Securities  Purchase  Agreement  dated the date hereof,  and the
Secured  Party  shall  purchase  up  to  One  Hundred  Eighty  Thousand  Dollars
($180,000) of five percent (5%) secured convertible debentures (the "CONVERTIBLE
DEBENTURES"),  which shall be convertible into shares of the Companys  Company's
common  stock,  par  value  $.001  (the  "COMMON  STOCK")  (as  converted,   the
"CONVERSION  SHARES"),  for a total  purchase  price of up to One Hundred Eighty
Thousand Dollars  ($180,000),  in the respective amounts set forth opposite each
Buyer(s) name on Schedule I attached to the Securities Purchase Agreement;

         WHEREAS,  to induce the  Secured  Party to enter  into the  transaction
contemplated  by the  Securities  Purchase  Agreement,  the Secured  Convertible
Debenture,  the Registration  Rights Agreement,  the Irrevocable  Transfer Agent
Instructions,  and  the  Escrow  Agreement  (collectively  referred  to  as  the
"TRANSACTION  DOCUMENTS"),  the Company  hereby  grants to the  Secured  Party a
security  interest  in and to the  pledged  property  identified  on EXHIBIT "A"
hereto  (collectively  referred to as the  "Pledged  Property")  pursuant to the
terms and conditions of this Agreement .

         NOW,  THEREFORE,  in  consideration  of the  premises  and  the  mutual
covenants herein contained,  and for other good and valuable consideration,  the
adequacy and receipt of which are hereby acknowledged, the parties hereto hereby
agree as follows:

                                   ARTICLE 1.

                         DEFINITIONS AND INTERPRETATIONS

         Section 1.1.      RECITALS.

         The above recitals are true and correct and are incorporated herein, in
their entirety, by this reference.

          Section 1.1. INTERPRETATIONS.

         Nothing  herein  expressed or implied is intended or shall be construed
to confer  upon any person  other than the  Secured  Party any right,  remedy or
claim under or by reason hereof.

         Section 1.2. OBLIGATIONS SECURED.

         The  obligations  secured  hereby  are any and all  obligations  of the
Company to the  Secured  Party,  whether  oral or written  and  whether  arising
before,  on or after  the  date  hereof  including,  without  limitation,  those
obligations  of the Company to the Secured Party under the  Securities  Purchase
Agreement,  Secured  Convertible  Debenture,  Registration  Rights Agreement and

<PAGE>

Irrevocable  Transfer  Agent  Instructions,  in the  principal  amounts  thereof
outstanding from time to time, and any other amounts payable by or chargeable to
the Company there under or hereunder (collectively, the "OBLIGATIONS").

                                   ARTICLE 2.

               PLEDGED COLLATERAL AND ADMINISTRATION OF COLLATERAL

         Section 2.1.      PLEDGED PROPERTY.

                  (a) Donald Quarterman hereby pledges to the Secured Party, and
creates in the Secured Party for its benefit, a security interest, for such time
as the Obligations shall remain  outstanding,  in and to two million (2,000,000)
restricted shares of the Company,  which have subsequently been transferred into
the name of the  Secured  Party as set  forth in  EXHIBIT  "A"  attached  hereto
(collectively, the "PLEDGED PROPERTY"):

         The Pledged Property,  as set forth in EXHIBIT "A" attached hereto, and
the  products  thereof  and the  proceeds  of all  such  items  are  hereinafter
collectively referred to as the "PLEDGED COLLATERAL."

                  (b)  Simultaneously  with the  execution  and delivery of this
Agreement, the Donald Quarterman shall make, execute, acknowledge,  file, record
and deliver to the  Secured  Party any  documents  reasonably  requested  by the
Secured  Party  to  perfect  its  security  interest  in the  Pledged  Property.
Simultaneously  with  the  execution  and  delivery  of this  Agreement,  Donald
Quarterman  shall make,  execute,  acknowledge  and deliver to the Secured Party
such  documents  and  instruments,   including,  without  limitation,  financing
statements,  certificates,  affidavits and forms as may, in the Secured  Party's
reasonable  judgment,  be necessary to  effectuate,  complete or perfect,  or to
continue and preserve, the security interest of the Secured Party in the Pledged
Property,  and the Secured Party shall hold such  documents and  instruments  as
secured party, subject to the terms and conditions contained herein.

         Section 2.2       RIGHTS; INTERESTS; ETC.

                  (a) So long as no Event of Default  (as  hereinafter  defined)
shall have occurred and be continuing:

                           (i)  Donald  Quarterman  shall  not  be  entitled  to
exercise any and all rights pertaining to the Pledged
Property or any part thereof for any purpose; and

                           (ii)  Donald  Quarterman  shall  not be  entitled  to
receive and retain any and all payments paid or made in
respect of the Pledged Property.

                  (b) Upon the occurrence and during the continuance of an Event
of Default:

                           (i) All rights of Donald  Quartermanto  exercise  the
rights which it would otherwise be entitled to
exercise  pursuant to Section  2.2(a)(i) hereof and to receive payments which it
would  otherwise  be  authorized  to  receive  and  retain  pursuant  to Section
2.2(a)(ii) hereof shall be suspended, and all such rights shall thereupon become
vested in the Secured Party who shall  thereupon have the sole right to exercise
such  rights  and to  receive

                                       2

<PAGE>

and hold as Pledged  Collateral such payments;  PROVIDED,  HOWEVER,  that if the
Secured  Party shall  become  entitled  and shall elect to exercise its right to
realize on the Pledged  Collateral  pursuant to Article V hereof,  then all cash
sums  received by the Secured  Party,  or held by Company for the benefit of the
Secured  Party and paid over  pursuant to Section  2.2(b)(ii)  hereof,  shall be
applied against any outstanding Obligations; and

                           (ii)  All  interest,   dividends,  income  and  other
payments and distributions which are received by Donald
Quarterman  contrary to the  provisions  of Section  2.2(b)(i)  hereof  shall be
received in trust for the benefit of the Secured  Party,  and shall be forthwith
paid over to the Secured Party; or

                           (iii) The Secured Party in its sole discretion  shall
be authorized to sell any or all of the Pledged
Property  at public or private  sale in order to recoup  all of the  outstanding
principal plus accrued  interest owed pursuant to the  Convertible  Debenture as
described herein

                  (c) Each of the  following  events shall  constitute a default
under this Agreement (each an "EVENT OF DEFAULT"):

                           (i) any default,  whether in whole or in part,  shall
occur in the payment to the Secured Party of
principal,  interest or other item comprising the Obligations as and when due or
with  respect to any other debt or  obligation  of the  Company to a party other
than the Secured Party;

                           (ii) any default,  whether in whole or in part, shall
occur  in the  due  observance  or  performance  of  any  obligations  or  other
covenants,  terms or  provisions  to be  performed  under this  Agreement or the
Transaction Documents;

                           (iii)    the  Company  shall:  (1)  make   a  general
assignment  for the  benefit of its  creditors;  (2) apply for or consent to the
appointment  of  a  receiver,   trustee,  assignee,   custodian,   sequestrator,
liquidator or similar  official for itself or any of its assets and  properties;
(3)  commence a voluntary  case for relief as a debtor  under the United  States
Bankruptcy Code; (4) file with or otherwise submit to any governmental authority
any petition,  answer or other  document  seeking:  (A)  reorganization,  (B) an
arrangement  with  creditors or (C) to take  advantage  of any other  present or
future  applicable  law  respecting  bankruptcy,   reorganization,   insolvency,
readjustment of debts, relief of debtors,  dissolution or liquidation;  (5) file
or otherwise submit any answer or other document admitting or failing to contest
the  material  allegations  of a petition or other  document  filed or otherwise
submitted  against it in any proceeding under any such applicable law, or (6) be
adjudicated a bankrupt or insolvent by a court of competent jurisdiction; or

                           (iv) any case,  proceeding  or other  action shall be
commenced  against  the  Company  for the  purpose  of  effecting,  or an order,
judgment  or decree  shall be  entered  by any court of  competent  jurisdiction
approving  (in  whole or in part)  anything  specified  in  Section  2.2(c)(iii)
hereof, or any receiver, trustee, assignee, custodian, sequestrator,  liquidator
or other official  shall be appointed  with respect to the Company,  or shall be
appointed to take or shall otherwise  acquire  possession or control of all or a
substantial  part of the assets and  properties  of the Company,  and any of the
foregoing  shall  continue  unstayed and in effect for any period of thirty (30)
days.

                                       3

<PAGE>

                                   ARTICLE 3.

                          ATTORNEY-IN-FACT; PERFORMANCE

         Section 3.1. SECURED PARTY APPOINTED ATTORNEY-IN-FACT.

        Upon the occurrence of an Event of Default,  Donald  Quarterman  hereby
appoints the Secured Party as its  attorney-in-fact,  with full authority in the
place  and  stead  of the  Company  and in the  name  of  Donald  Quarterman  or
otherwise,  from  time to time in the  Secured  Party's  discretion  to take any
action and to execute any instrument which the Secured Party may reasonably deem
necessary to  accomplish  the  purposes of this  Agreement,  including,  without
limitation,  to receive  and  collect  all  instruments  made  payable to Donald
Quarterman representing any payments in respect of the Pledged Collateral or any
part  thereof and to give full  discharge  for the same.  The Secured  Party may
demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose, or
realize on the Pledged Property as and when the Secured Party may determine.  To
facilitate collection, the Secured Party may notify account debtors and obligors
on any Pledged Property or Pledged  Collateral to make payments  directly to the
Secured Party.

         Section 3.2. SECURED PARTY MAY PERFORM.

         If the Company fails to perform any  agreement  contained  herein,  the
Secured Party, at its option, may itself perform,  or cause performance of, such
agreement,  and  the  expenses  of the  Secured  Party  incurred  in  connection
therewith shall be included in the Obligations secured hereby and payable by the
Company under Section 8.3.

                                   ARTICLE 4.

                         REPRESENTATIONS AND WARRANTIES

         Section 4.1. AUTHORIZATION; ENFORCEABILITY.

         Each of the parties  hereto  represents  and warrants that it has taken
all action  necessary to authorize the  execution,  delivery and  performance of
this Agreement and the transactions  contemplated hereby; and upon execution and
delivery,  this Agreement shall constitute a valid and binding obligation of the
respective party, subject to applicable bankruptcy, insolvency,  reorganization,
moratorium  and similar laws  affecting  creditors'  rights or by the principles
governing the availability of equitable remedies.

         Section 4.2. OWNERSHIP OF PLEDGED PROPERTY.

         Donald  Quarterman  warrants  and  represents  that it is the legal and
beneficial  owner of the Pledged  Property free and clear of any lien,  security
interest,  option  or  other  charge  or  encumbrance  except  for the  security
interests  identified on EXHIBIT A hereto and the security  interest  created by
this Agreement.

                                       4

<PAGE>

                                   ARTICLE 5.

                    DEFAULT; REMEDIES; SUBSTITUTE COLLATERAL

         Section 5.1. DEFAULT AND REMEDIES.

                  (a) If an Event of Default  described in Section 2.2(c)(i) and
(ii)  occurs,  then  in each  such  case  the  Secured  Party  may  declare  the
Obligations  to be due and  payable  immediately,  by a notice in writing to the
Company, and upon any such declaration, the Obligations shall become immediately
due and payable.  If an Event of Default  described in Sections  2.2(c)(iii)  or
(iv)  occurs  and is  continuing  for the  period  set forth  therein,  then the
Obligations  shall  automatically  become  immediately  due and payable  without
declaration or other act on the part of the Secured Party.

                  (b) Upon the  occurrence  of an Event of Default,  the Secured
Party shall,:  (i) be entitled to receive all distributions  with respect to the
Pledged  Collateral,  (ii) to cause the Pledged  Property to be transferred into
the name of the Secured  Party or its  nominee,  (iii) to dispose of the Pledged
Property,  and (iv) to realize  upon any and all rights in the Pledged  Property
then held by the Secured Party.

         Section  5.2.  METHOD OF  REALIZING  UPON THE PLEDGED  PROPERTY : OTHER
REMEDIES.

         Upon the  occurrence of an Event of Default,  in addition to any rights
and  remedies  available at law or in equity,  the  following  provisions  shall
govern the Secured Party's right to realize upon the Pledged Property:

                  (a) Any item of the Pledged  Property  may be sold for cash or
other value in any number of lots at brokers  board,  public  auction or private
sale and may be sold without  demand,  advertisement  or notice (except that the
Secured Party shall give Donald Quarterman ten (10) business days' prior written
notice of the time and place or of the time  after  which a private  sale may be
made (the "SALE  NOTICE")),  which  notice  period  shall in any event is hereby
agreed  to be  commercially  reasonable.  At any sale or  sales  of the  Pledged
Property,  the  Company  may bid for and  purchase  the whole or any part of the
Pledged  Property and, upon  compliance  with the terms of such sale,  may hold,
exploit and dispose of the same without  further  accountability  to the Secured
Party.  Donald Quarterman will execute and deliver,  or cause to be executed and
delivered, such instruments,  documents, assignments, waivers, certificates, and
affidavits and supply or cause to be supplied such further  information and take
such further action as the Secured Party  reasonably shall require in connection
with any such sale.

                  (b) Any  cash  being  held by the  Secured  Party  as  Pledged
Collateral  and all cash  proceeds  received by the Secured Party in respect of,
sale  of,  collection  from,  or other  realization  upon all or any part of the
Pledged Collateral shall be applied as follows:

                           (i) to the  payment of all  amounts  due the  Secured
Party for the expenses reimbursable to it hereunder
or owed to him pursuant to Section 8.3 hereof;

                           (ii) to the payment of the  Obligations  then due and
unpaid.
                                       5

<PAGE>

                           (iii) the  balance,  if any, to the person or persons
entitled thereto, including, without limitation, the
Company.

                  (c) In  addition to all of the rights and  remedies  which the
Secured Party may have pursuant to this Agreement,  the Secured Party shall have
all of the rights and remedies provided by law,  including,  without limitation,
those under the Uniform Commercial Code.

                  (d)

                           (i) If the Company fails to pay such amounts due upon
the occurrence of an Event of Default which is
continuing,  then the Secured Party may institute a judicial  proceeding for the
collection  of the sums so due and unpaid,  may  prosecute  such  proceeding  to
judgment  or final  decree and may  enforce  the same  against  the  Company and
collect the monies  adjudged or decreed to be payable in the manner  provided by
law out of the property of Company, wherever situated.

                           (ii) The  Company  agrees that it shall be liable for
any reasonable fees, expenses and costs incurred by
the Secured Party in connection with enforcement, collection and preservation of
the Transaction Documents,  including without limitation,  reasonable legal fees
and expenses.

                           (iii)  Donald  Quarterman  agrees  that he  shall  be
liable for any reasonable fees , expenses and costs
incurred by the Secured Party in connection  with  enforcement,  collection  and
preservation of without limitation, reasonable legal fees and expenses, and such
amounts shall be deemed  included as  Obligations  secured hereby and payable as
set forth in Section 8.3 hereof.

         Section 5.3. PROOFS OF CLAIM.

                  In  case  of the  pendency  of any  receivership,  insolvency,
liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relating to the Company or the property of the Company
or of such other obligor or its creditors,  the Secured Party  (irrespective  of
whether the Obligations shall then be due and payable as therein expressed or by
declaration  or otherwise  and  irrespective  of whether the Secured Party shall
have made any demand on the Company for the payment of the Obligations), subject
to the rights of Previous Security Holders, shall be entitled and empowered,  by
intervention in such proceeding or otherwise:

                           (i) to file and prove a claim for the whole amount of
the Obligations and to file such other papers or
documents  as may be  necessary  or advisable in order to have the claims of the
Secured Party  (including any claim for the  reasonable  legal fees and expenses
and other expenses paid or incurred by the Secured Party permitted hereunder and
of the Secured Party allowed in such judicial proceeding), and

                           (ii) to  collect  and  receive  any  monies  or other
property payable or deliverable on any such claims and
to  distribute  the  same;  and  any  custodian,  receiver,  assignee,  trustee,
liquidator,  sequestrator  or  other  similar  official  in  any  such  judicial
proceeding  is hereby  authorized  by the Secured Party to make such payments to
the Secured  Party and, in the event that the Secured Party shall consent to the
making of such  payments  directed to the Secured  Party,  to pay to the Secured
Party any amounts for expenses due it hereunder.

                                       6

<PAGE>

         Section 5.4. DUTIES REGARDING PLEDGED COLLATERAL.

         The Secured Party shall have no duty as to the collection or protection
of the Pledged  Property or any income thereon or as to the  preservation of any
rights pertaining thereto, beyond the safe custody and reasonable care of any of
the Pledged Property actually in the Secured Party's possession.

                                   ARTICLE 6.

                              AFFIRMATIVE COVENANTS

         Donald  Quarterman  covenants and agrees that, from the date hereof and
until the  Obligations  have been fully paid and  satisfied,  unless the Secured
Party shall consent otherwise in writing (as provided in Section 8.4 hereof):

         Section 6.1.      EXISTENCE, PROPERTIES, ETC.

                  Donald  Quarterman  shall do, or cause to be done, all things,
or proceed with due diligence with any actions or courses of action, that may be
reasonably  necessary to execute or deliver this Agreement or any other document
delivered in  connection  herewith,  including,  without  limitation,  any UCC-1
Financing Statements required by the Secured Party (which other loan instruments
collectively  shall be referred to as the "LOAN  INSTRUMENTS") to which it is or
will be a party, or perform any of its obligations hereunder or thereunder.

         Section 6.5.      DEFENSE OF COLLATERAL, ETC.

         Donald  Quarterman  shall  defend  and  enforce  its  right,  title and
interest  in and to any part  of:  (a) the  Pledged  Property  ; and (b)  Donald
Quarterman shall defend the Secured Party's right,  title and interest in and to
each and every part of the Pledged  Property,  each against all manner of claims
and demands on a timely basis to the full extent permitted by applicable law.

         1.1. NOTICE OF DEFAULT.

         Donald  Quarterman  and the Company  shall give  written  notice to the
Secured  Party of the  occurrence  of any default or Event of Default under this
Agreement,  the Transaction  Documents or any other Loan Instrument or any other
agreement  of Company for the  payment of money,  promptly  upon the  occurrence
thereof.

         1.1. NOTICE OF LITIGATION.

         Donald Quarterman shall give notice,  in writing,  to the Secured Party
of (a) any  actions,  suits or  proceedings  wherein  instituted  by any persons
against the Pledged Prperty

                                       7

<PAGE>

                                   ARTICLE 7.

                               NEGATIVE COVENANTS

         Donald Quarterman covenants and agrees that, from the date hereof until
the Obligations have been fully paid and satisfied, he shall not:

         Section 7.1. LIENS AND ENCUMBRANCES.

         Shall not directly or indirectly make, create,  incur, assume or permit
to exist any assignment,  transfer, pledge, mortgage, security interest or other
lien or  encumbrance  of any nature in, to or  against  any part of the  Pledged
Property  or offer or agree to do so, or own or acquire or agree to acquire  any
asset or property of any character subject to any of the foregoing  encumbrances
(including any conditional sale contract or other title retention agreement), or
assign,  pledge or in any way  transfer  or  encumber  its right to receive  any
income or other  distribution or proceeds from any part of the Pledged  Property
or the  Company's  capital  stock;  or enter into any  sale-leaseback  financing
respecting  any part of the Pledged  Property as lessee,  or cause or assist the
inception or continuation of any of the foregoing.

                                   ARTICLE 8.

                                  MISCELLANEOUS

         Section 8.1.      NOTICES.
         All notices or other  communications  required or permitted to be given
pursuant to this  Agreement  shall be in writing and shall be considered as duly
given on:  (a) the date of  delivery,  if  delivered  in person,  by  nationally
recognized  overnight  delivery  service or (b) five (5) days  after  mailing if
mailed from within the  continental  United  States by  certified  mail,  return
receipt requested to the party entitled to receive the same:

                    If to the Secured Party:           Donald Quarterman

                    With a copy to:

                                       8

<PAGE>

       If to the Company :  Pick Ups Plus Inc.
                            4360 Ferguson Drive - Suite 120
                            Cincinnati, Ohio 45245
                            Attention: Robert White
                            Telephone: (513) 398-4344
                            Facsimile: (513) 398-9802

       With a Copy to:      Sichenzia Ross Friedman Ference LLP
                            1065 Avenue of the Americas - 21st Floor
                            New York, New York 10018
                            Attention: Gregory Sichenzia, Esq.
                            Telephone: (212) 930-9700
                            Facsimile: (212) 930-9725

       If to Secured Party: Cornell Capital Partners, LP
                            101 Hudson Street -Suite 3606
                            Jersey City, NJ 07302
                            Attention: Mark Angelo
                            Portfolio Manager
                            Telephone: (201) 985-8300
                            Facsimile: (201) 985-8266

       With a Copy to:      Butler Gonzalez LLP
                            1000 Stuyvesant Avenue - Suite 6
                            Union, NJ 07083
                            Attention: David Gonzalez, Esq.
                            Telephone: (908) 810-8588
                            Facsimile: (908) 810-0973

         Any party may change its  address by giving  notice to the other  party
stating its new address.  Commencing on the tenth (10th) day after the giving of
such notice, such newly designated address shall be such party's address for the
purpose of all notices or other communications required or permitted to be given
pursuant to this Agreement.

         Section 8.2.      SEVERABILITY.
         If  any  provision  of  this   Agreement   shall  be  held  invalid  or
unenforceable,  such  invalidity or  unenforceability  shall attach only to such
provision and shall not in any manner affect or render invalid or  unenforceable
any other  severable  provision of this  Agreement,  and this Agreement shall be
carried out as if any such invalid or unenforceable provision were not contained
herein.

                                       9

<PAGE>

         Section 8.3.      EXPENSES.

         In the event of an Event of Default,  Donald Quarterman will pay to the
Secured  Party the  amount of any and all  reasonable  expenses,  including  the
reasonable  fees and expenses of its counsel,  which the Secured Party may incur
in connection with: (i) the custody or preservation of, or the sale,  collection
from, or other realization upon, any of the Pledged Property;  (ii) the exercise
or enforcement of any of the rights of the Secured Party  hereunder or (iii) the
failure by the Company to perform or observe any of the provisions hereof.

         Section 8.4.      WAIVERS, AMENDMENTS, ETC.

         The Secured  Party's delay or failure at any time or times hereafter to
require strict  performance by Company or Donald Quarterman of any undertakings,
agreements or covenants shall not waiver,  affect,  or diminish any right of the
Secured Party under this Agreement to demand strict  compliance and  performance
herewith.  Any waiver by the  Secured  Party of any Event of  Default  shall not
waive or affect any other  Event of  Default,  whether  such Event of Default is
prior or subsequent thereto and whether of the same or a different type. None of
the  undertakings,  agreements and covenants of the Company or Donald Quarterman
contained in this  Agreement,  and no Event of Default,  shall be deemed to have
been waived by the Secured Party, nor may this Agreement be amended,  changed or
modified, unless such waiver, amendment,  change or modification is evidenced by
an  instrument  in  writing  specifying  such  waiver,   amendment,   change  or
modification and signed by the Secured Party.

         Section 8.5. CONTINUING SECURITY INTEREST.

         This  Agreement  shall  create a  continuing  security  interest in the
Pledged  Property  and shall:  (i)  remain in full  force and  effect  until the
registration statement filed pursuant to the Registration Rights Agreement dated
the date  hereof is  declared  effective  by the United  States  Securities  and
Exchange  Commission;  and  (ii)  be  binding  upon  Donald  Quarterman  and his
successors and heirs and (iii) inure to the benefit of the Secured Party and its
successors and assigns. Upon the registration  statement bing declared effective
by the United States Securities and Exchange  Commission or satisfaction in full
of the Obligations,  Donald  Quarterman shall be entitled to the return,  at its
expense,  of such of the  Pledged  Property  as  shall  not  have  been  sold in
accordance  with Section 5.2 hereof or otherwise  applied  pursuant to the terms
hereof.

         Section 8.6. INDEPENDENT REPRESENTATION.

         Each party hereto  acknowledges  and agrees that it has received or has
had the opportunity to receive  independent  legal counsel of its own choice and
that it has been sufficiently  apprised of its rights and responsibilities  with
regard to the substance of this Agreement.

         Section 8.7. APPLICABLE LAW: JURISDICTION.

                            This Agreement  shall be governed by and interpreted
in  accordance  with the laws of the State of New Jersey  without  regard to the
principles  of  conflict  of laws.  The  parties  further  agree that any action
between them shall be heard in Hudson County,  New Jersey, and expressly consent
to the  jurisdiction  and venue of the Superior Court of New Jersey,  sitting in
Hudson  County and the United  States  District  Court for the  District  of New
Jersey sitting in Newark,  New Jersey for the  adjudication  of any civil action
asserted pursuant to this Paragraph.

<PAGE>

         Section 8.8. WAIVER OF JURY TRIAL.

         AS A  FURTHER  INDUCEMENT  FOR THE  SECURED  PARTY TO ENTER  INTO  THIS
AGREEMENT AND TO MAKE THE FINANCIAL  ACCOMMODATIONS TO THE COMPANY,  THE COMPANY
HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING  RELATED IN ANY
WAY TO THIS  AGREEMENT  AND/OR  ANY  AND ALL  OTHER  DOCUMENTS  RELATED  TO THIS
TRANSACTION.

         Section 8.9.      ENTIRE AGREEMENT.
         This Agreement  constitutes the entire  agreement among the parties and
supersedes any prior agreement or  understanding  among them with respect to the
subject matter hereof.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       11

<PAGE>

         IN WITNESS WHEREOF,  the parties hereto have executed this Agreement as
of the date first above written.

                                 COMPANY:
                                 PICK-UPS PLUS INC.

                                 By:
                                 Name: Robert White
                                 Title: Chief Financial Officer

                                 DONALD QUARTERMAN

                                 By:_________________________________

                                 SECURED PARTY:
                                 CORNELL CAPITAL PARTNERS, LP

                                 By: Yorkville Advisors, LLC
                                 Its: General Partner

                                 By:_________________________________
                                 Name: Mark Angelo
                                 Title: Portfolio Manager

                                       12

<PAGE>

                                       A-1

<PAGE>

                                    EXHIBIT B

                         DEFINITION OF PLEDGED PROPERTY

         For the purpose of securing prompt and complete payment and performance
by the  Company  of all of the  Obligations,  the  Company  unconditionally  and
irrevocably hereby grants to the Secured Party a continuing security interest in
and to, and lien upon, the following Pledged Property of the Company:

    ------------------------------------------------------------------------
                Number of Shares             Stock Certificate Number
    ------------------------------------------------------------------------
                   2,000,000                          01640
    ------------------------------------------------------------------------

                                      A-2

<PAGE>

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