Document:

Amendment
      No. 2 to Debenture and Warrant Purchase Agreement 

     

    This
      Amendment No. 2 to Debenture and Warrant Purchase Agreement (the
“Agreement”)
      is
      effective as of April 15, 2008, by and between Airbee Wireless, Inc., a
      Delaware corporation (the “Company”)
      and
      each of the persons or entities listed on the signature page hereto (each,
      an
“Investor”
and
      collectively, the “Investors”).
      Capitalized terms used herein that are not defined shall have the meaning
      ascribed to them in the Purchase Agreement. 

     

    RECITALS 

     

    1. The
      Company and the Investors entered in that certain Debenture and Warrant Purchase
      Agreement dated as of January 30, 2008, as amended by Amendment No. 1
      to Debenture and Warrant Purchase Agreement effective as of February 8,
      2008 (the “Purchase
      Agreement”).
      

     

    2. The
      Purchase Agreement provides, amongst other things, that the Investors shall
      exercise their Call Option no later than ten (10) calendar days following
      the Second Closing. 

     

    3. The
      Company has issued to BARTFAM, a California limited partnership, and one of
      the
      Investors named herein, that certain Convertible Debenture dated March 28,
      2008 in the principal amount of $50,000.00 (the “March 28th
      Debenture”).
      

     

    4. The
      Company and the Investors desire to amend the Purchase Agreement, to:
      (i) provide for a credit to the purchase price of the Second Tranche
      Debentures and the Second Tranche Warrants in the amount of the March 28th
      Debenture, (ii) update the wire instructions set forth on Exhibit
      C,
      (iii) modify the time period within which such Call Option may be
      exercised, and (iv) provide for the reimbursement by the Company of certain
      legal fees paid by the Investors on behalf of the Company in connection with
      the
      negotiation and settlement of claims of the Company’s current creditors and
      current employees. 

     

    NOW
      THEREFORE, the parties hereby agree as follows: 

     

    AGREEMENT 

     

    1. Section 1.4(b)
      of the Purchase Agreement is hereby amended and rested in its entirety to read
      as follows: 

     

    “(b)
      Second
      Closing.
      The
      purchase and sale of the Second Tranche Debentures and issuance of the Second
      Tranche Warrants shall take place via exchange of electronic or facsimile
      signature pages thereto (with originals to be mailed as soon as practicable
      thereafter) on a date to be agreed between the parties, upon the satisfactory
      settlement or agreement among the Company and its principal corporate creditors;
      provided, however, that either Thomas F. Bartman or John W. Bartman may waive
      the occurrence thereof on behalf of each of the Investors (the “Second
      Closing”).
      The
      Company shall keep the Investors reasonably informed regarding all such
      settlement discussions and agreements with any of its principal corporate
      creditors. At the Second Closing, the Company shall deliver to the Investors
      the
      Second Tranche Debentures and the Second Tranche Warrants against payment of
      the
      purchase price therefor (such purchase price to be reduced by the amount of
      the
      March 28th Debenture following which the March 28th Debenture shall be
      cancelled) by check payable to the Company or by wire transfer to the bank
      and
      account designated by the Company on Exhibit C
      attached
      hereto.” 

     

    2. Section 1.4(c)
      of the Purchase Agreement is hereby amended and restated in its entirety to
      read
      as follows: 

     

    “(c)
      Third
      Closing.
      The
      Investors may, at their sole option, lend to the Company up to an additional
      Four Hundred and One Thousand One Hundred and Fifty Seven Dollars ($401,157.00)
      on the same terms and conditions as the Warrants and Debentures issued at the
      Initial Closing and Second Closing (the “Call
      Option”),
      provided, that the Investors shall notify the Company in writing of their intent
      to exercise their Call Option (the “Call
      Option Exercise Notice”)
      no
      later than ten (10) calendar days following (i) the tenth (10th)
      calendar day following delivery to the Investors of documentation that
      establishes, to the reasonable satisfaction of the Investors, entry into one
      or
      more license agreements that will generate in the aggregate Three Hundred
      Thousand Dollars ($300,000.00) in revenues, or (ii) the sixth month
      anniversary of the date of this Agreement, whichever occurs earlier, and stating
      the aggregate amount of funds to be lent to the Company. The purchase and sale
      of the Third Tranche Debentures and issuance of the Third Tranche Warrants
      shall
      take place via exchange of electronic or facsimile signature pages thereto
      (with
      originals to be mailed as soon as practicable thereafter) no later than five
      (5) business days following the Company’s receipt of the Call Option
      Exercise Notice (the “Third
      Closing”).
      At
      the Third Closing, the Company shall deliver to the Investors the Third Tranche
      Debentures and the Third Tranche Warrants against payment of the purchase price
      therefor by check payable to the Company or by wire transfer to the bank and
      account designated by the Company on Exhibit C
      attached
      hereto.” 

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    3. Section 7.7
      of the Purchase Agreement is hereby amended and restated in its entirety to
      read
      as follows: 

     

    “7.7
      Fees
      and Expenses.
      The
      Company and Investors shall bear their own expenses in connection with the
      transactions contemplated by this Agreement; provided that Company shall (i)
      pay
      Investors’ legal expenses up to a maximum of $15,000.00 in connection with the
      transactions contemplated by this Agreement; and (ii) reimburse the
      Investors for all legal fees and expenses incurred in connection with the
      negotiation and settlement of certain claims between the Company and its current
      creditors and certain current employees within ten (10) calendar days of
      payment, which may be made from time to time, by the Investors to Manatt, Phelps
      & Phillips, LLP of such fees and expenses with the Company satisfying its
      reimbursement obligation to the Investors by issuing to the Investors Debentures
      in the aggregate principal amount of such fees and expenses as well as the
      requisite corresponding number of Warrants all on the same terms and conditions
      as those issued at the Initial Closing. For example, in the event that the
      legal
      fees and expenses amounted to $30,000.00, the Company would be required to
      issue
      to the Investors Debentures with an aggregate face value of $30,000.00
      accompanied by Warrants evidencing the right to purchase in the aggregate
      800,010 shares of Common Stock, and the purchase price of such Warrant Shares
      would be $0.10 per share, $0.20 per share for 266,670 and $0.30 per share for
      266,670, of the Warrant Shares.” 

     

    4. Second
      Closing Wire Instructions.
      Exhibit C
      to the
      Purchase Agreement is hereby amended and restated in its entirety in the form
      attached to this Agreement. 

     

    5. Investors’
      Representatives.
      

     

    5.1
      By
      entering into and executing this Agreement, the Investors hereby irrevocably
      make, constitute and appoint John A. Bartman and Thomas F. Bartman, and each
      of
      them, (an “Investor Representative”) acting individually, and not jointly, as
      each Investor’s agent, effective as of the date first written above, and each
      Investor appoints each of the Investor Representatives, acting individually,
      and
      not jointly, as such Investor’s true and lawful attorney in fact and agent, for
      such Investor and in such Investor’s name, place and stead and for all purposes
      necessary or desirable in order for the Investor Representatives to take all
      actions contemplated by this Agreement and the Purchase Agreement, for each
      such
      Investor’s use and benefit as set forth hereinafter. The death, incapacity,
      dissolution, liquidation, insolvency or bankruptcy of any Investor shall not
      terminate the authority and agency of the Investor Representatives. The
      power-of-attorney granted in this Section is coupled with an interest and is
      irrevocable and shall survive any transfer of any Investor’s interest in the
      Purchase Agreement, as amended, the Debentures or the Warrants. 

     

    5.2
      Except as set forth herein, the Investor Representatives are hereby granted
      the
      authority (i) to act on each Investor’s behalf in connection with the
      Purchase Agreement, as amended, the Debentures and the Warrants and (ii) to
      sign, acknowledge, and deliver on each Investor’s behalf to the Company, or its
      successor in interest, all documents relating to any and all matters, of every
      type and nature whatsoever, in connection with the Purchase Agreement, as
      amended, the Debentures and the Warrants. Nothing contained herein shall be
      deemed to grant to the Investor Representatives any power to exercise any
      conversion rights granted to the Investors in the Debentures or any power to
      exercise any Warrants. 

     

    5.3
      Each
      Investors Representative may, but is not required to, in his sole and absolute
      discretion, insert a legend on the Debentures and Warrants stating, in effect,
      that the Debentures and Warrants are subject to this Section. 

     

    6. Investor
      Anti-Dilution Protection.
      If and
      when the Company issues shares of Common Stock (or any security or instrument
      convertible into or exercisable for shares of Common Stock) to any person in
      connection with the settlement or other resolution of an obligation that
      existed, or an arrangement or transaction that occurred, prior to the Initial
      Closing (each a “Settlement Issuance”), the Company shall be required to
      simultaneously issue to the Investors in the aggregate (with each Investor
      receiving the percentage of the aggregate Anti-Dilution Issuance (as defined
      below) set forth on Appendix 1
      attached
      hereto), without the payment of any additional consideration by the Investors,
      that number of shares of Common Stock necessary to maintain the Investors
      percentage ownership of the Common Stock at 36.5% on a fully diluted basis
      (each
      a “Anti-Dilution Issuance”), which calculation shall be performed as follows:

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    y
      =
      (.365a + .365b - x)/.635 

     

    y
      = The
      number of shares of Common Stock to be issued in the Anti-Dilution Issuance.
      

     

    a
      = The
      total number of shares of Common Stock of the Company issued and outstanding
      on
      a fully diluted basis immediately prior to the Settlement Issuance.

     

    b
      = The
      number of shares of Common Stock to be issued in the Settlement Issuance.

     

    x
      = The
      total number of shares of Common Stock held by the Investors immediately prior
      to the Settlement Issuance. 

     

    An
      example of the manner in which calculations will be made under this
      Section 6 is attached hereto as Appendix 2.
      

     

    7. General
      Provisions.
      

     

    7.1
      Applicable
      Law.
      This
      Agreement shall be governed by the internal laws (and not the law of conflicts)
      of the State of New York. 

     

    7.2
      Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      deemed an original, but all of which together shall constitute one instrument.
      

     

    7.3
      Titles
      and Subtitles.
      The
      titles and subtitles used in this Agreement are used for convenience only and
      are not to be considered in construing or interpreting this Agreement.

     

    7.4
      Notices.
      Unless
      otherwise expressly provided, any notice required or permitted under this
      Agreement shall be in writing and shall be deemed sufficient upon delivery,
      when
      delivered personally or by overnight courier or sent by telegram or fax, or
      five
      (5) days after deposit with the United States Postal Service, by certified
      or registered mail, with postage prepaid, addressed to the party to be notified
      at such party’s address as set forth below, or on the signature page, or as
      subsequently modified by written notice: 

     

    The
      Company: 

     

    Airbee
      Wireless, Inc. 

     

    9400
      Key
      West Avenue 

     

    Rockville,
      Maryland 20850 

     

    Attention:
      Eugene Sharer, President 

     

    Facsimile:
      (301) 517-1861 

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    with
      copies to: 

     

    Stradling
      Yocca Carlson & Rauth 

     

    1600
      Newport Center Drive Suite 1600 

     

    Newport
      Beach, California 92660 

     

    Attention:
      Shivbir S. Grewal, Esq. 

     

    Facsimile:
      (949) 725-4100 

     

    and
      

     

    Allen
      & Associates LLC 

     

    12400
      Wilshire Blvd Suite 1080 

     

    Los
      Angeles, California 90025 

     

    Facsimile:
      310 371-7272 

     

    Investors: 

     

    John
      W.
      Bartman and Thomas F. Bartman 

     

    11777
      San
      Vicente Blvd Suite 600 

     

    Los
      Angeles, California 90049 

     

    Facsimile:
      310 826-8477 

     

    with
      copies to: 

     

    Samuel
      W.
      Halper, Esq. 

     

    10866
      Wilshire Blvd., Suite 400 

     

    Los
      Angeles, CA 90024 

     

    Facsimile:
      424 901-8399 

     

    and
      

     

    Allen
      & Associates LLC 

     

    12400
      Wilshire Blvd Suite 1080 

     

    Los
      Angeles, California 90025 

     

    Facsimile:
      310 371-7272 

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    7.5
      Attorney’s
      Fees.
      If any
      action at law or in equity (including arbitration) is necessary to enforce
      or
      interpret the terms of the Agreement, the prevailing party shall be entitled
      to
      reasonable attorney’s fees, costs and necessary disbursements in addition to any
      other relief to which such party may be entitled. 

     

     

    7.6
      Amendments
      and Waivers.
      Any
      term of this Agreement may be amended or waived and the observance of any term
      of this Agreement may be waived (either generally or in a particular instance
      and either retroactively or prospectively) only with the written consent of
      the
      Company and the Investors. 

     

     

    7.7
      Entire
      Agreement.
      This
      Agreement, and the documents referred to herein constitute the entire agreement
      among the parties hereto pertaining to the subject matter hereof, and no party
      shall be liable or bound to any party in any manner by any warranties,
      representations, or covenants except as specifically set forth herein.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Amendment No. 2 to
      Debenture and Warrant Purchase Agreement on April 15, 2008, and effective
      of the date first written above. 

    
      	
               

            
	
              “THE
                COMPANY”

            
	
              AIRBEE
                WIRELESS, INC., a

              Delaware
                corporation

              By:
                /s/
                E. Eugene Sharer

            
	
               

            
	
              Name:
                E. Eugene Sharer

              Title:
                President

            

    

     

    “INVESTORS”: 

     

    
      	
               

            	
               

            	
               

            	
               

            	
               

            
	
              BARTFAM,
                a California limited partnership 

              By:
                /s/
                Thomas F. Bartman    

            	
               

            	
            
	
              Name:
                Thomas F. Bartman

            	
               

            	
               

            	
               

            	
               

            
	
              Title:
                General Partner

            	
               

            	
                      John
                W.
                Bartman

            
	
              Thomas
                F. Bartman, Managing Trustee of The William S. Bartman Marital
                Trust

            	
               

            	
              /s/
                John W. Bartman

            
	
              /s/
                Thomas F. Bartman    

            	
               

            	
               

            	 	
               

            
	
               

            	
               

            	
                      David
                A. Bartman

            
	
              Cecile
                Citron Bartman, Trustee of the Cecile Citron Bartman Trust

            	
               

            	
              /s/
                David A. Bartman

            
	
              /s/
                Cecile Citron Bartman, Trustee

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
                      Michael
                T. Bartman

            
	
              Judith
                A. Fiskin, Trustee of the Judith A. Fiskin Trust dated April 16,
                1996

              /s/
                Judith A. Fiskin, Trustee

            	
               

            	
              
                /s/
                  Michael T. Bartman

              

            
	
               

            	
               

            	
               

            	
               

            	
               

            

    

     

    
      	
               

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
              %
                of Each Anti-Dilution

            
	
              Investor
                Name

            	
               

            	
              Issuance

            
	
              BARTFAM,
                a California Limited Partnership

            	
               

            	
               

            	
              33.33

            	
              %

            
	
              The
                William S. Bartman Marital Trust

            	
               

            	
               

            	
              16.67

            	
              %

            
	
              Cecile
                Citron Bartman, Trustee of the Cecile Citron Bartman Trust dated
                September 26, 200

            	
               

            	
               

            	
              1       16.67

            	
              %

            
	
              John
                W. Bartman

            	
               

            	
               

            	
              10.00

            	
              %

            
	
              David
                A. Bartman

            	
               

            	
               

            	
              6.67

            	
              %

            
	
              Michael
                T. Bartman

            	
               

            	
               

            	
              6.67

            	
              %

            
	
              Judith
                A. Fiskin, Trustee of the Judith A. Fiskin Trust dated April 16,
                1996

            	
               

            	
               

            	
              10.00

            	
              %

            
	
              TOTAL

            	
               

            	
               

            	
              100.00

            	
              %

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    APPENDIX
      1

    APPENDIX
      2 

     

    EXAMPLE
      OF ANTIDILUTION ISSUANCE CALCULATION PURSUANT TO SECTION 6 

     

    
      	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Fully
                Diluted

              Issued
                &

              Outstanding
                Shares

              Immediately
                Prior

              to
                Settlement

              Issuance

              (a) 

            	
               

            	
              Number
                of

              Settlement
                Issuance

              Shares
                (b) 

            	
               

            	
              Total
                Number of

              Shares
                Held By

              Investors
                on As

              Converted
                Basis

              Immediately
                Prior

              to
                Settlement

              Issuance

              (x) 

            	
               

            	
              Investors
                % of

              Fully
                Diluted

              Issued
                &

              Outstanding
                Shares

              on
                As Converted

              Basis
                Immediately

              Prior
                to Settlement

              Issuance 

            
	
              189,040,507
                

            	
               

            	
               

            	
              10,000,000

            	
               

            	
               

            	
               

            	
              69,000,000

            	
               

            	
               

            	
               

            	
              36.50

            	
              %

            
	
              Effectuating
                Settlement Issuance and Anti-Dilution Issuance:

            	
               

            	
               

            	
               

            	
               

            
	
              Fully
                Diluted

              Issued
                &

              Outstanding
                Shares

              Immediately

              Subsequent
                to

              Settlement
                Issuance

              (a+b)
                

            	
               

            	
              Number
                of

              Anti-Dilution

              Issuance
                Shares

              (y)
                

            	
               

            	
              Total
                Number of

              Shares
                Held By

              Investors
                on As

              Converted
                Basis

              Immediately

              Subsequent
                to

              Anti-Dilution

              Issuance

              (x+y)
                

            	
               

            	
              Investors
                % of

              Fully
                Diluted

              Issued
                &

              Outstanding
                Shares

              on
                As Converted

              Basis
                Immediately

              Subsequent
                to

              Settlement
                &

              Anti-Dilution

              Issuance
                

            
	
              199,040,507
                

            	
               

            	
               

            	
              5,747,693

            	
               

            	
               

            	
               

            	
              74,747,693

            	
               

            	
               

            	
               

            	
              36.50

            	
              %

            

    

     

    
      
        
        

      

      
        7Promissory
      Note and Settlement Agreement 

     

    
      	
               

            	
               

            	
               

            	
               

            	
               

            
	
              Date

            	
               

            	
              April
                15, 2008

            
	
              Amount

            	
               

            	
              $
                700,000

            	
            	
               

            
	
              Interest
                Rate

            	
               

            	
              8.5%
                simple interest, paid monthly

            
	
              Term

            	
               

            	
              24
                months due April 14, 2010

            
	
              Borrower

            	
               

            	
              Airbee
                Wireless, Inc., a Delaware corporation

            
	
               

            	
               

            	
              9400
                Key West Avenue

            
	
               

            	
               

            	
              Rockville,
                Maryland 20850

            
	
              Lender

            	
               

            	
              Catherine
                Zimmer

            
	
               

            	
               

            	
              1255
                Victoria Avenue

            
	
               

            	
               

            	
              Victoria,
                BC V8S 4P3

            
	
               

            	
               

            	
              CANADA

            
	
               

            	
               

            	
              Fax:
                250-370-9598

            
	
               

            	
               

            	
              105
                Chelsea Circle

            
	
               

            	
               

            	
              Palm
                Desert, CA 92260

            
	
               

            	
               

            	
              Fax:
                760-674-0907

            

    

     

    1. Promise
      to Pay 

     

    Borrower
      promises to pay Lender the principal sum of $700,000 with simple interest at
      the
      yearly rate of 8.5% on the unpaid balance as specified below. 

     

    2. Interest
      Payment and Due Date 

     

    Borrower
      will pay interest on the first calendar day of each month during the term of
      this Promissory Note (the “Note”). Interest for the first month shall be payable
      in cash upon execution. 

     

    Interest
      for the second through the seventh month of the Note shall be payable either
      in
      cash or in shares of Borrower’s stock at Borrower’s sole option. 

     

    During
      months two through seven of the term of the note, Borrower shall endeavor to
      pay
      at least Three Thousand Dollars ($3,000) of the monthly interest in cash. If
      Borrower elects to pay the monthly interest in common stock of the Borrower,
      the
      number of shares issued in payment of the monthly interest then due will be
      determined based upon the volume weighted average price of the common stock
      of
      the Borrower during the ten (10) trading days prior to the last trading day
      of the calendar month for which the interest is due with a ten percent (10%)
      discount applied thereto. 

     

    Beginning
      in month eight of the term of the Note, the monthly interest will be paid in
      cash or stock, at the sole discretion of the Lender, employing the same formula
      as employed in months two through seven. 

     

    3. Conversion 

     

    Lender
      shall have the option of converting up to two hundred thousand dollars
      ($200,000) of the principal amount of this Note into common stock of Borrower.
      Such conversion at the election of Lender shall be at four and four tenths
      cents
      ($0.044) per share and shall convert into no more than four million five hundred
      forty five thousand four hundred fifty five (4,545,455) shares. The Lender
      may
      convert at anytime giving the Borrower fifteen (15) days notice of such
      conversion. When the Borrower is given notice of payment of the principal of
      the
      Note, either at the end of the Term of the Note or any Prepayment thereof,
      the
      Lender shall have fifteen (15) days to give notice to the Borrower of
      converting such payment in shares. 

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    4. Warrants 

     

    As
      an
      inducement for making this Note, Borrower shall modify all existing and
      outstanding warrants to purchase 2,866,667 shares of common stock of Borrower
      currently held by Lender or Henry Zimmer, by reducing the strike price of each
      warrants from $0.40 per share to $0.17 per share, and extending the termination
      date of all such warrants to December 31, 2009. The warrants are as listed
      in Exhibit B and are attached hereto or purposes of reference.

     

    5. Cancellation
      of Previous Notes 

     

    This
      Note
      supersedes, cancels, replaces, and marks “PAID” to all prior loans between the
      Borrower and Henry Zimmer, Catherine Zimmer their heirs and assigns, which
      were
      typified as “Bridge Notes” and embodied in the form of a Term Sheet,
      incorporated for purposes of reference as “Exhibit A” aggregating to a
      total principal amount of Six Hundred Thousand Dollars ($600,000). With the
      cancelation of the previous Bridge Notes, the Lender will return to the Borrower
      three million two hundred thousand (3,200,000) shares issued in connection
      with
      the Bridge Notes. 

     

    6. Prepayment 

     

    Borrower
      may prepay all or any part of the principal without penalty. Borrower will
      give
      a thirty (30) days notice to Lender of its intention to prepay the Note,
      whether in whole or in part that exceeds Two Hundred Thousand Dollars ($200,000)
      of the principal of the Note. 

     

    7. Mutual
      Release 

     

    As
      a
      further material inducement to the both the Borrower and the Lender to enter
      into this Note, the Borrower, Lender and Henry Zimmer hereby irrevocably and
      unconditionally release, acquit and forever mutually discharge each other from
      any and all claims, actions, charges, complaints, causes of action, rights,
      damages (including all attorneys’ fees and costs), demands, debts, or
      accountings of any nature whatsoever, known or unknown, suspected or
      unsuspected, whether statutory or common law, which either may have against
      the
      other based on any actions or omissions which occurred prior to the date this
      Note is signed. 

     

    The
      Borrower, the Lender and Henry Zimmer further understand and agree that as
      a
      condition of this Note, each agrees to waive all rights under Section 1542
      of the Civil Code of the State of California, to the extent it is applicable,
      which reads as follows: 

     

    “A
      GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW
      OR
      SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE,
      WHICH
      IF KNOWN BY HIM OR HER MAY HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH
      THE DEBTOR.” 

     

    Notwithstanding
      the provisions of Section 1542, and for the purpose of implementing a full
      and complete release and discharge of the Borrower, the Lender and Henry Zimmer,
      each party expressly acknowledges that this Note is intended to include, and
      does include in its effect, without limitation all claims which you do not
      know
      or suspect to exist in your favor against one another at the time of execution
      hereof, and that this Note agreed upon expressly contemplates the extinguishment
      of all such claims. 

     

    8. Entire
      Agreement 

     

    This
      is
      the entire Agreement between the parties. It replaces and supersedes any and
      all
      oral and written Agreements between the Borrower, Lender and Henry Zimmer.
      

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    9. Successors
      and Assignees 

     

    This
      Agreement binds and benefits the heirs, successors and assignees of the parties.
      

     

    10. Notices 

     

    All
      notices must be in writing. A notice may be delivered to a party at the address
      that follows a party’s signature or to a new address that a party designates in
      writing. A notice may be delivered in person, by facsimile, certified mail
      or
      overnight courier. 

     

    11. Governing
      Law 

     

    This
      Agreement will be governed by and construed in accordance with the laws of
      the
      state of California. 

     

    12. Modification 

     

    This
      Agreement may be modified only by a writing signed by the party against whom
      such modification is sought to be enforced. 

     

    13. Waiver 

     

    If
      either
      party waives any term or provision of this Agreement at any time, that waiver
      will be effective only for the specific instance and specific purpose for which
      the waiver was given. If either party fails to exercise or delays exercising
      any
      of its rights or remedies under this Agreement, that party retains the right
      to
      enforce that term or provision at a later time. 

     

    14. Severability 

     

    If
      any
      court of competent jurisdiction determines that any provision of this Agreement
      is invalid or unenforceable, any invalidity or unenforceability will affect
      only
      that provision and will not make any other provision of this agreement invalid
      or unenforceable and such provision shall be modified, amended or limited only
      to the extent necessary to render it valid and enforceable. 

     

    15. Disputes 

     

    If
      a
      dispute arises, the parties will try in good faith to settle it through
      mediation conducted by a mediator to be mutually selected. The parties will
      share the costs of the mediator equally. Each party will cooperate fully and
      fairly with the mediator and will attempt to reach a mutually satisfactory
      compromise to the dispute. If the dispute is not resolved within 30 days
      after it is referred to the mediator, it will be arbitrated by an arbitrator
      to
      be mutually selected. Judgment on the arbitration award may be entered in any
      court that has jurisdiction over the matter. Costs of arbitration, including
      lawyers’ fees, will be allocated by the arbitrator. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	
               

            	
               

            	
               

            
	
              BORROWER

            	
               

            	
              LENDER

            
	
              Airbee
                Wireless, Inc., a Delaware

              corporation

              9400
                Key West Avenue

              Rockville,
                MD 20850

              Ph:
                (301) 517-1860

              Dated:
                April 15, 2008 

            	
               

            	
               

              Catherine
                Zimmer, an Individual

              105
                Chelsea Circle

              Palm
                Desert, CA 92260

              Ph:
                (760) 647-0907/(205) 370-9598

              Dated:
                April 15, 2008

            
	
                   /s/
                E.
                Eugene Sharer      

            	
               

            	
                   /s/
                Catherine Zimmer     

            
	
              E.
                Eugene Sharer, President 

            	
               

            	
              Catherine
                Zimmer

            
	 	 	 
	
               

            	
               

            	
              AGREEMENT
                AND CONSENT

            
	
               

            	
               

            	
              Henry
                Zimmer, an Individual

              105
                Chelsea Circle

              Palm
                Desert, CA 92260

              Dated:
                April 15, 2008

            
	
               

            	
               

            	
                   /s/
                Henry Zimmer     

            
	
               

            	
               

            	
              Henry
                Zimmer

            

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

     

    Signed
      Term Sheet and related documentation to be attached 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      B

     

    Schedule
      of Warrants 

     

    
      	
               

            	
               

            	
               

            
	
              Warrant
                date 

            	
               

            	
              Warrant
                holder

            
	
               
                

            	
               

            	
               

            
	
              May 19,
                2006

              August 29,
                2006

              October 10,
                2006

              October 10,
                2006

              December 28,
                2006

              December 28,
                2006

              January 2,
                2007

              January 2,
                2007

              January 30,
                2007

              January 30,
                2007 

            	
               

            	
              Henry
                Zimmer

              Catherine
                Zimmer

              Henry
                Zimmer

              Catherine
                Zimmer

              Henry
                Zimmer

              Catherine
                Zimmer

              Henry
                Zimmer

              Catherine
                Zimmer

              Henry
                Zimmer

              Catherine
                Zimmer

            

    

    
      
        
        

      

      
        6

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