Document:

THE
      OFFER AND SALE OF THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
      ACT”),
      OR UNDER THE SECURITIES LAWS OF ANY STATE AND THIS NOTE MAY NOT BE SOLD,
      ASSIGNED, TRANSFERRED OR OTHERWISE CONVEYED.

    

    SENIOR
      SECURED NON-CONVERTIBLE
      PROMISSORY NOTE

     

    
      	
              $2,500,000.00

            	
              Issuance
                Date: June 15, 2007

            

    

     

    FOR
      VALUE
      RECEIVED, the undersigned, Atlas Technology Group (US), Inc., a Delaware
      corporation, (hereinafter
      referred to as the “Maker”),
      a
      wholly owned subsidiary of Tribeworks, Inc, a Delaware corporation (the
“Company”),
      promises to pay to the order of West Coast Opportunity Fund, LLC, a Delaware
      limited liability company (“Holder”),
      at
      2151 Alessandro Drive, Suite 100, Ventura, CA 93001, the
      principal amount of Two Million, Five Hundred Thousand and NO/100 DOLLARS
      ($2,500,000.00) (the “Principal”)
      when
      due, upon the Maturity Date (as defined below), acceleration or otherwise (in
      each case in accordance with the terms hereof) together with interest
      (“Interest”)
      at a
      rate equal to five percent (5%) per annum (based on a 365-day year and charged
      on the basis of actual days elapsed, the “Interest
      Rate”)
      from
      the date set out above as the Issuance Date (the “Issuance
      Date”)
      until
      the same becomes due and payable, whether upon the Maturity Date, acceleration
      or otherwise (in each case in accordance with the terms hereof). This Note
      may
      not be sold, assigned, transferred or otherwise conveyed by the Holder. Certain
      capitalized terms used herein are defined in Section 16. 

     

    1. Payments
      of Principal.
      On the
      Maturity Date, the Maker shall pay to the Holder the unpaid Principal of this
      Promissory Note (this “Note”),
      together with accrued and unpaid Interest. The “Maturity
      Date”
shall
      be November 30, 2008, or (a) such earlier date as may be accelerated by the
      Maker in accordance with the terms hereof, or (b) such later date as may be
      extended at the option of the Holder in the event that, and for so long as,
      an
      Event of Default (as defined below) shall have occurred and be continuing or
      any
      event shall have occurred and be continuing which with the passage of time
      and
      the failure to cure would result in an Event of Default.

     

    2. Interest;
      Interest Rate.
      Interest on this Note shall commence accruing on the Issuance Date and shall
      be
      payable in arrears for each Payment Period on the first day of the succeeding
      Payment Period during the period beginning on the Issuance Date and ending
      on,
      and including, the Maturity Date (each, an “Interest
      Date”).
      Interest shall be payable on each Interest Date to the Holder. Interest accrues
      at the Interest Rate on all outstanding unpaid Principal owed under this Note
      and all accrued Interest is payable on each Interest Date. Upon the occurrence
      and during the continuance of an Event of Default, the Interest Rate shall
      be
      increased to seven and one-half percent (7.5%) (the “Default
      Rate”).
      In
      the event that such Event of Default is subsequently cured, the adjustment
      referred to in the preceding sentence shall cease to be effective as of the
      date
      of such cure; provided that the Interest as calculated and unpaid at such
      increased rate during the continuance of such Event of Default shall continue
      to
      apply to the extent relating to the days after the occurrence of such Event
      of
      Default through and including the date of cure of such Event of
      Default.

     

    
      
        
        

      

      
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    3. Acceleration
      of Payment by the Maker.
      The
      Maker may, from time to time, prepay all or any portion of the Principal or
      Interest of this Note to the Holder without premium or penalty, provided that
      the Maker provide the Holder with ten (10) days notice prior to such
      prepayment.

     

    4. Rights
      Upon Events of Default.
      

     

    (a)  Event
      of Default.
      Each of
      the following events shall constitute an “Event
      of Default”:

     

    i.  The
      Company has not entered into contracts with one of the entities set forth on
      Schedule
      4(a),
      totaling $1,000,000 in annual, non-contingent future revenues to any of the
      Maker, Company or the Subsidiaries prior to 5:00 p.m. Redmond, Washington time
      on December 31, 2007;

     

    ii.  the
      Maker
      fails to pay to the Holder any amount of Principal, Interest or other amounts
      when and as due under this Note, if such failure continues for a period of
      at
      least five (5) Business Days;

     

    iii.  the
      Maker, the Company or any of their Subsidiaries, pursuant to or within the
      meaning of Title 11, U.S. Code, or any similar Federal, foreign or state law
      for
      the relief of debtors (collectively, “Bankruptcy
      Law”),
      (i)
      commences a voluntary case, (ii) consents to the entry of an order for relief
      against it in an involuntary case, (iii) consents to the appointment of a
      receiver, trustee, assignee, liquidator or similar official (a “Custodian”),
      (iv)
      makes a general assignment for the benefit of its creditors or (v) admits in
      writing that it is generally unable to pay its debts as they become
      due;

     

    iv.  creditors
      of the Maker, the Company or any of their Subsidiaries file an action for relief
      under any Bankruptcy Law against such entity in an involuntary case and such
      action is not dismissed within thirty (30) days of such filing or a court of
      competent jurisdiction enters an order or decree under any Bankruptcy Law that
      (A) is for relief against the Maker or any of its Subsidiaries in an involuntary
      case, (B) appoints a Custodian of the Maker or any of its Subsidiaries or (C)
      orders the liquidation of the Maker or any of its Subsidiaries;

     

    v.  a
      final
      judgment or judgments for the payment of money aggregating in excess of $250,000
      are rendered against the Maker, the Company or any of their Subsidiaries and
      which judgments are not, within sixty (60) days after the entry thereof, bonded,
      discharged or stayed pending appeal, or are not discharged within sixty (60)
      days after the expiration of such stay; provided, however, that any judgment
      which is covered by insurance or an indemnity from a credit worthy party shall
      not be included in calculating the $250,000 amount set forth above so long
      as
      the Maker provides the Holder a written statement from such insurer or indemnity
      provider (which written statement shall be reasonably satisfactory to the
      Holder) to the effect that such judgment is covered by insurance or an
      indemnity;

     

    
      
        
        

      

      
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    vi.  the
      Maker
      or Company, as applicable, materially breaches any representation or warranty,
      or breaches any covenant or other term or condition of Securities Purchase
      Agreement, except, in the case of a breach of a covenant or other term or
      condition of the Securities Purchase Agreement which is curable, only if such
      breach continues uncured for a period of at least thirty (30) consecutive
      days;

     

    vii.  any
      Event
      of Default (as defined in any other promissory note issued pursuant to the
      Securities Purchase Agreement (the “Other
      Note”))
      occurs and is continuing with respect to the Other Note;

     

    viii.  any
      breach or failure in any respect to comply with Section 8 of this Note which
      shall continue uncured for a period of ten (10) days after notice of such breach
      or failure; or

     

    ix.  any
      Event
      of Default defined in the Security Agreement occurs and is continuing under
      the
      Security Agreement, the repudiation by the Maker, the Company or any of their
      Subsidiaries of any of its obligations under the Security Documents or the
      unenforceability of the Security Documents against the Maker or any of its
      Subsidiaries for any reason.

     

    x.  any
      default in excess of $100,000 occurs and is continuing under any Indebtedness
      of
      the Maker, the Company, or any of their Subsidiaries.

     

    (b)  Redemption
      Rights.
      Promptly after the occurrence of an Event of Default with respect to this Note
      or the Other Note, the Maker shall deliver written notice thereof via facsimile
      and overnight courier (an “Event
      of Default Notice”)
      to the
      Holder. At any time after the earlier of the Holder’s receipt of an Event of
      Default Notice and the Holder becoming aware of an Event of Default, the Holder
      may require the Maker to redeem all or any portion of the Note (as “Event
      of Default Redemption”)
      by
      delivering written notice thereof (the “Event
      of Default Redemption Notice”)
      to the
      Maker, which Event of Default Redemption Notice shall indicate the portion
      of
      the Note the Holder is electing to redeem; provided that upon the occurrence
      of
      any default described in Section 4(a)(vi) and 4(a)(viii), the Note shall
      automatically, and without any action on behalf of the Holders, be redeemed
      by
      the Maker. Each portion of the Note subject to redemption by the Maker pursuant
      to this Section 4(b) shall be redeemed by the Maker at a price equal to 100%
      of
      the outstanding Principal amount and accrued and unpaid Interest with respect
      to
      such portion of the Note subject to redemption (the “Event
      of Default Redemption Price”).
      Redemptions required by this Section 4(b) shall be made in accordance with
      the
      provisions of Section 7.

     

    5. Rights
      Upon Fundamental Transaction and Change of Control.
      

     

    (a) Assumption.
      The
      Maker shall not enter into or be party to a Fundamental Transaction unless
      the
      Successor Entity assumes in writing all of the obligations of the Maker under
      this Note and the other Transaction Documents (as that term is defined in the
      Securities Purchase Agreement) in accordance with the provisions of this Section
      5 pursuant to written agreements in form and substance reasonably satisfactory
      to the Holder and approved by the Holder prior to such Fundamental Transaction.
      Upon the occurrence of any Fundamental Transaction, the Successor Entity shall
      succeed to, and be substituted for (so that from and after the date of such
      Fundamental Transaction, the provisions of this Note referring to the “Maker”
shall refer instead to the Successor Entity), and may exercise every right
      and
      power of the Maker and shall assume all of the obligations of the Maker under
      this Note with the same effect as if such Successor Entity had been named as
      the
      Maker herein. The provisions of this Section 5 shall apply similarly and equally
      to successive Fundamental Transactions and shall be applied without regard
      to
      any limitations on the redemption of this Note.

     

    
      
        
        

      

      
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    (b)
      Change
      of Control Redemption Rights.
      No
      later than ten (10) days prior to the consummation of a Change of Control,
      but
      not prior to the public announcement of such Change of Control, the Maker shall
      deliver written notice thereof via facsimile and overnight courier to the Holder
      (a “Change
      of Control Notice”).
      At
      any time during the period beginning after the Holder’s receipt of a Change of
      Control Notice and ending on the date of the consummation of such Change of
      Control (or, in the event a Change of Control Notice is not delivered at least
      ten (10) days prior to a Change of Control, at any time on or after the date
      which is ten (10) days prior to a Change of Control and ending ten (10) days
      after the consummation of such Change of Control), the Holder may require the
      Company to redeem all or any portion of the Note by delivering written notice
      thereof (“Change
      of Control Redemption Notice”)
      to the
      Maker, which Change of Control Redemption Notice shall indicate the portion
      of
      the Note the Holder is electing to redeem. The portion of this Note subject
      to
      redemption pursuant to this Section 4 shall be redeemed by the Maker at a price
      equal to the sum of the Principal amount being redeemed together with accrued
      and unpaid Interest with respect to such amount (the “Change
      of Control Redemption Price”).
      Redemptions required by this Section 4 shall be made in accordance with the
      provisions of Section 7 and shall have priority to payments to stockholders
      in
      connection with a Change of Control.

     

    6. Non-Circumvention.
      The
      Company and Maker hereby covenant and agree that neither the Company nor the
      Maker will, by amendment of its Certificate of Incorporation, Bylaws or through
      any reorganization, transfer of assets, consolidation, merger, scheme of
      arrangement, dissolution, issue or sale of securities, or any other voluntary
      action, avoid or seek to avoid the observance or performance of any of the
      terms
      of this Note, and will at all times in good faith carry out all of the
      provisions of this Note and use commercially reasonable efforts to protect
      the
      rights of the Holder of this Note.

     

    7. Holder’s
      Redemptions.

     

    (a) Mechanics.
      The
      Maker shall deliver the applicable Event of Default Redemption Price to the
      Holder within five Business Days after the Maker’s receipt of the Required
      Holders’ Event of Default Redemption Notice. If the Holder has submitted a
      Change of Control Redemption Notice in accordance with Section 5(b), the Maker
      shall deliver the applicable Change of Control Redemption Price to the Holder
      concurrently with the consummation of such Change of Control if such notice
      is
      received prior to the consummation of such Change of Control and within ten
      (10)
      Business Days after the Maker’s receipt of such notice otherwise. In the event
      of a redemption of less than all of the Principal of this Note, the Maker shall
      promptly cause to be issued and delivered to the Holder a new Note (in
      accordance with Section 9(b)) representing the outstanding Principal which
      has
      not been redeemed.

     

    
      
        
        

      

      
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    (b) Redemption
      by Holders.
      Any
      Event of Default Redemption Notice for redemption or repayment as a result
      of an
      event or occurrence substantially similar to the events or occurrences described
      in Section 4(b) or Section 8 is to be delivered to the Maker by the Holders.
      

     

    8. Covenants.

     

    (a) Security
      Agreement.
      The
      Maker and the Holder shall enter into the Security Agreement, securing this
      Note
      with a first lien security interest in all assets now owned or after acquired
      by
      the Maker for the benefit of the Holder.

     

    (b) Rank.
      The
      indebtedness created by this Note shall be senior to all other Indebtedness
      of
      the Maker and its Subsidiaries.

     

    (c) Incurrence
      of Indebtedness.
      So long
      as this Note is outstanding, the Company and the Maker shall not, and neither
      the Company nor the Maker shall permit any of its Subsidiaries to, directly
      or
      indirectly, incur or guarantee, assume or suffer to exist any Indebtedness,
      other than (i) the Indebtedness evidenced by this Note and the other Note and
      (ii) Permitted Indebtedness that is either unsecured or secured by Permitted
      Liens.

     

    (d) Existence
      of Liens.
      So long
      as this Note is outstanding, the Company and the Maker shall not, and neither
      the Company nor the Maker shall permit any of its Subsidiaries to, directly
      or
      indirectly, allow or suffer to exist any mortgage, lien, pledge, charge,
      security interest or other encumbrance upon or in any property or assets
      (including accounts and contract rights) owned by the Company, the Maker or
      any
      of its Subsidiaries (collectively, “Liens”)
      superior in interest to that of the Holder.

     

    (e) Restricted
      Payments.
      The
      Company and the Maker shall not, and the Company and the Maker shall not permit
      any of its Subsidiaries to, directly or indirectly:

     

    (i) declare
      or pay any dividend or make any other payment or distribution on account of
      the
      Company’s Equity Interests (including, without limitation, any payment in
      connection with any merger or consolidation involving the Company) or to the
      direct or indirect holders of the Company’s Equity Interests in their capacity
      as such, provided, however, that the Subsidiaries may pay dividends to the
      Company and its Subsidiaries;

     

    (ii) purchase,
      redeem or otherwise acquire or retire for value (including, without limitation,
      in connection with any merger or consolidation involving the Maker) any Equity
      Interests of the Company; or

     

    (iii) make
      any
      payment on or with respect to, accelerate the maturity of, or purchase, redeem,
      defease or otherwise acquire or retire for value any Indebtedness of the Company
      or the Maker, except a payment of interest, principal or other amounts due
      at
      the stated maturity thereof.

     

    (f) Asset
      Sales.
      The
      Company shall not, and neither the Company nor the Maker shall permit any of
      its
      Subsidiaries to, directly or indirectly, consummate any Asset Sale provided,
      however, that the Maker and its Subsidiaries may consummate sales of assets
      or
      Equity Interests to the Maker or its subsidiaries with Holder’s consent, which
      will not be unreasonably withheld or delayed, other than any Asset Sale which
      transfers an asset or an Equity interest to a non-United States Subsidiary,
      which shall not be permitted.

     

    
      
        
        

      

      
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    (g) Use
      of
      Proceeds.
      The
      Maker will use amounts received from Holder pursuant to this Note for general
      corporate purposes.

     

    9. Reissuance
      Of This Note.

     

    (a) Lost,
      Stolen or Mutilated Note.
      Upon
      receipt by the Maker of evidence reasonably satisfactory to the Maker of the
      loss, theft, destruction or mutilation of this Note, an affidavit from Holder
      to
      such effect, an indemnity in form and substance reasonably acceptable to Maker
      and, in the case of mutilation, upon surrender and cancellation of this Note,
      the Maker shall execute and deliver to the Holder a new Note (in accordance
      with
      Section 9(b)) representing the outstanding Principal. 

     

    (b) Issuance
      of New Notes.
      Whenever the Maker is required to issue a new Note pursuant to the terms of
      this
      Note, such new Note (i) shall be of like tenor with this Note, (ii) shall
      represent, as indicated on the face of such new Note, the Principal remaining
      outstanding, (iii) shall have an issuance date, as indicated on the face of
      such
      new Note, which is the same as the Issuance Date of this Note, (iv) shall have
      the same rights and conditions as this Note, and (v) shall represent accrued
      Interest on the Principal and Interest of this Note, from the Issuance
      Date.

     

    10. Remedies,
      Characterizations and Other Obligations.
      The
      remedies provided in this Note shall be cumulative and in addition to all other
      remedies available under this Note and any of the other Transaction Documents
      at
      law or in equity (including a decree of specific performance and/or other
      injunctive relief), and nothing herein shall limit the Holder’s right to pursue
      actual and consequential damages for any failure by the Maker to comply with
      the
      terms of this Note. Amounts set forth or provided for herein with respect to
      payments and the like (and the computation thereof) shall be the amounts to
      be
      received by the Holder and shall not, except as expressly provided herein,
      be
      subject to any other obligation of the Maker (or the performance
      thereof).

     

    11. Payment
      of Collection, Enforcement and Other Costs.
      If (a)
      this Note is placed in the hands of an attorney for collection or enforcement
      or
      is collected or enforced through any legal proceeding or the Holder otherwise
      takes action to collect amounts due under this Note or to enforce the provisions
      of this Note or (b) there occurs any bankruptcy, reorganization, receivership
      of
      the Maker or other proceedings affecting Maker creditors’ rights and involving a
      claim under this Note, then the Maker shall pay the reasonable costs incurred
      by
      the Holder for such collection, enforcement or action or in connection with
      such
      bankruptcy, reorganization, receivership or other proceeding, including, but
      not
      limited to, attorneys’ fees and disbursements.

     

    12. Construction;
      Headings.
      This
      Note shall be deemed to be jointly drafted by the Maker and the Holder and
      shall
      not be construed against any Person as the drafter hereof. The headings of
      this
      Note are for convenience of reference and shall not form part of, or affect
      the
      interpretation of, this Note.

     

    
      
        
        

      

      
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    13. Failure
      or Indulgence Not Waiver.
      No
      failure or delay on the part of the Holder in the exercise of any power, right
      or privilege hereunder shall operate as a waiver thereof, nor shall any single
      or partial exercise of any such power, right or privilege preclude other or
      further exercise thereof or of any other right, power or privilege.

     

    13. Notices;
      Payments.

     

    (a)
       Notices.
      Whenever notice is required to be given under this Note, unless otherwise
      provided herein, such notice shall be given in accordance with Section 9(f)
      of
      the Securities Purchase Agreement. The Maker shall provide the Holder with
      prompt written notice of all actions taken pursuant to this Note, including
      in
      reasonable detail a description of such action and the reason
      therefor.

     

    (b) Payments.
      Whenever any payment of cash is to be made by the Maker to any Person pursuant
      to this Note, such payment shall be made in lawful money of the United States
      of
      America by a check drawn on the account of the Maker and sent via overnight
      courier service to such Person at such address as previously provided to the
      Maker in writing; provided that the Holder may elect to receive a payment of
      cash via wire transfer of immediately available funds by providing the Maker
      with prior written notice setting out such request and the Holder’s wire
      transfer instructions. Whenever any amount expressed to be due by the terms
      of
      this Note is due on any day which is not a Business Day, the same shall instead
      be due on the next succeeding day which is a Business Day and, in the case
      of
      any Interest Date which is not the date on which this Note is paid in full,
      the
      extension of the due date thereof shall not be taken into account for purposes
      of determining the amount of Interest due on such date. 

     

    14. Cancellation.
      After
      all Principal, accrued Interest and other amounts at any time owed on this
      Note
      have been paid in full in cash, this Note shall automatically be deemed
      canceled, shall be surrendered to the Maker for cancellation and shall not
      be
      reissued.

     

    15. Governing
      Law; Jurisdiction.
      This
      Note shall be construed and enforced in accordance with, and all questions
      concerning the construction, validity, interpretation and performance of this
      Note and all disputes arising hereunder shall be governed by, the laws of the
      State of Delaware, without giving effect to any choice of law or conflict of
      law
      provision or rule (whether of the State of Delaware or any other jurisdictions)
      that would cause the application of the laws of any jurisdictions other than
      the
      State of Delaware. Any suit, action or proceeding seeking to enforce any
      provision of, or based on any dispute or matter arising out of or in connection
      with, this Note must be brought in the state and federal courts located in
      Delaware. Each of the parties (a) consents to the exclusive jurisdiction of
      such
      courts (and of the appropriate appellate courts therefrom) in any such suit,
      action or proceeding, (b) irrevocably waives, to the fullest extent permitted
      by
      law, any objection which it may now or hereafter have to the laying of the
      venue
      of any such suit, action or proceeding in any such court or that any such suit,
      action or proceeding which is brought in any such court has been brought in
      an
      inconvenient forum, (c) will not attempt to deny or defeat such personal
      jurisdiction by motion or other request for leave from any such court, and
      (d)
      will not bring any action relating to this Note in any other court.

     

    
      
        
        

      

      
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    16. Certain
      Definitions.
      For
      purposes of this Note, the following terms shall have the following
      meanings:

     

    (a)  “Asset
      Sale”
means
      the sale, lease, conveyance or other disposition of any assets or rights other
      than in the ordinary course of business.

     

    (b)  “Business
      Day”
means
      any day other than Saturday, Sunday or other day on which commercial banks
      in
      the city of Los Angeles are authorized or required by law to remain
      closed.

     

    (c)  “Capital
      Lease Obligation”
means,
      at the time any determination is to be made, the amount of the liability in
      respect of a capital lease that would at that time be required to be capitalized
      on a balance sheet prepared in accordance with GAAP.

     

    (d)  “Capital
      Stock”
means:
      (i) in the case of a corporation, corporate stock; (ii) in the case of an
      association or business entity, any and all shares, interests, participations,
      rights or other equivalents (however designated) of corporate stock; (iii)
      in
      the case of a partnership or limited liability company, partnership interests
      (whether general or limited) or membership interests; and (iv) any other
      interest or participation that confers on a Person the right to receive a share
      of the profits and losses of, or distributions of assets of, the issuing Person,
      but excluding from all of the foregoing any debt securities convertible into
      Capital Stock, whether or not such debt securities include any right of
      participation with Capital Stock.

     

    (e)  “Change
      of Control”
      means
      any Fundamental Transaction other than (i) any reorganization, recapitalization
      or reclassification of the shares of Capital Stock in which holders of the
      Maker’s or Company’s voting power immediately prior to such reorganization,
      recapitalization or reclassification continue after such reorganization,
      recapitalization or reclassification to hold publicly traded securities and,
      directly or indirectly, the voting power of the surviving entity or entities
      necessary to elect a majority of the members of the board of directors (or
      their
      equivalent if other than a corporation) of such entity or entities, or (ii)
      pursuant to a migratory merger effected solely for the purpose of changing
      the
      jurisdiction of incorporation of the Maker or Company, as
      applicable.

     

    (f)  “Closing
      Date”
shall
      have the meaning set forth in the Securities Purchase Agreement, which date
      is
      the date the Maker initially issued this Note pursuant to the terms of the
      Securities Purchase Agreement.

     

    (g)  “Common
      Stock”
shall
      mean the common stock of the Company, par value $0.0004 per share.

     

    (h)  “Equity
      Interests”
means
      Capital Stock and all warrants, options or other rights to acquire Capital
      Stock
      (but excluding any debt security that is convertible into, or exchangeable
      for,
      Capital Stock).

     

    
      
        
        

      

      
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    (i)  “Fundamental
      Transaction”
means
      that the Maker or the Company shall, directly or indirectly, in one or more
      related transactions, (i) consolidate or merge with or into (whether or not
      the
      Maker or Company, as applicable, is the surviving corporation) another Person,
      or (ii) sell, assign, transfer, convey or otherwise dispose of all or
      substantially all of the properties or assets of the Maker or the Company to
      another Person, or (iii) allow another Person to make a purchase, tender or
      exchange offer that is accepted by the holders of more than the 50% of the
      outstanding shares of Capital Stock (not including any shares of Capital Stock
      held by the Person or Persons making or party to, or associated or affiliated
      with the Persons making or party to, such purchase, tender or exchange offer),
      or (iv) consummate a stock purchase agreement or other business combination
      (including, without limitation, a reorganization, recapitalization, spin-off
      or
      scheme of arrangement) with another Person whereby such other Person acquires
      more than the 50% of the outstanding shares of Capital Stock (not including
      any
      shares of Capital Stock held by the other Person or other Persons making or
      party to, or associated or affiliated with the other Persons making or party
      to,
      such stock purchase agreement or other business combination), or (v) reorganize,
      recapitalize or reclassify its Capital Stock.

     

    (j)  “GAAP”
means
      United States generally accepted accounting principles, consistently
      applied.

     

    (k)  “Hedging
      Obligations”
means,
      with respect to any specified Person, the obligations of such Person
      under:

     

    (i)  interest
      rate swap agreements (whether from fixed to floating or from floating to fixed),
      interest rate cap agreements and interest rate collar agreements;

     

    (ii)  other
      agreements or arrangements designed to manage interest rates or interest rate
      risk; and

     

    (iii)  other
      agreements or arrangements designed to protect such Person against fluctuations
      in currency exchange rates or commodity prices.

     

    (l)  “Indebtedness”
means,
      any indebtedness (excluding accrued expenses and trade payables), whether or
      not
      contingent:

     

    (i) in
      respect of borrowed money;

     

    (ii) evidenced
      by bonds, notes or similar instruments or letters of credit (or reimbursement
      agreements in respect thereof);

     

    (iii) in
      respect of banker’s acceptances;

     

    (iv) representing
      Capital Lease Obligations;

     

    (v) representing
      the balance deferred and unpaid of the purchase price of any property or
      services due more than six months after such property is acquired or such
      services are completed; or

     

    (vi) representing
      any Hedging Obligations,

     

    
      
        
        

      

      
        Page
          9

        
          

        

      

      
        
        

      

    

     

    if
      and to
      the extent any of the preceding items (other than letters of credit and Hedging
      Obligations) would appear as a liability upon a balance sheet of the Maker
      prepared in accordance with GAAP. In addition, the term “Indebtedness” includes
      all Indebtedness of others secured by a Lien on any asset of the Maker or its
      Subsidiaries (whether or not such Indebtedness is assumed by the Maker or such
      Subsidiary) and, to the extent not otherwise included, the guarantee by the
      Maker or any of its Subsidiaries of any Indebtedness of any other
      Person.

     

    (m)  “Material
      Adverse Effect” shall
      have the meaning set forth in the Securities Purchase Agreement.

     

    (n)  “Mortgage”
means
      a
      Mortgage in form and substance reasonably satisfactory to the Holder, as it
      may
      be amended, supplemented or otherwise modified from time to time.

     

    (o)  “Payment
      Period”
means
      each of: the period beginning on and including Closing Date and ending on and
      including November 30, 2007; the period beginning on and including December
      1,
      2007 and ending on and including May 31, 2008; the period beginning on and
      including June 1, 2008 and ending on and including the Maturity
      Date.

     

    (p)  “Permitted
      Indebtedness”
means
      (i) any Indebtedness of the Maker, the Company or any Subsidiary that is (A)
      subordinate to the Holder’s security interest created by this Note, the Security
      Agreement and the Security Documents, and (B) less than $2,000,000 in the
      aggregate, or (ii) Indebtedness of the Maker, the Company or any Subsidiary
      outstanding as of the Closing Date and the refinancing, renewal or extension
      thereof, provided that (A) there are no additional obligors with respect thereto
      (B) there is no shortening of the maturity thereof, (C) principal amount thereof
      is not increased, and (D) the security interest is not changed or
      amended.

     

    (q)  “Permitted
      Liens”
means
      (i) any Lien for taxes not yet due or delinquent or being contested in good
      faith by appropriate proceedings for which adequate reserves have been
      established in accordance with GAAP, (ii) any statutory Lien arising in the
      ordinary course of business by operation of law with respect to a liability
      that
      is not yet due or delinquent, (iii) any Lien created by operation of law, such
      as materialmen’s liens, mechanics’ liens and other similar liens, arising in the
      ordinary course of business with respect to a liability that is not yet due
      or
      delinquent or that are being contested in good faith by appropriate proceedings,
      (iv) Liens securing the Maker’s obligations under this Note, (v) Liens securing
      Permitted Indebtedness subject to securitization, (vi) Liens in connection
      with
      workmen’s compensation, unemployment insurance or other social security, old age
      pension or public liability obligations; (vii) legal or equitable encumbrances
      up to an aggregate amount of $250,000 deemed to exist by reason of the existence
      of any litigation or other legal proceeding or arising out of a judgment or
      award with respect to which an appeal is being prosecuted in good faith; or
      (viii) rights reserved to or vested in any municipality, governmental, statutory
      or other public authority to control or regulate Maker or any Subsidiary’s
      assets and properties in any manner, and all applicable laws, rules and orders
      from any governmental authority, to the extent any such rights could not be
      reasonably expected to have, individually or in the aggregate, a Material
      Adverse Effect.

     

    
      
        
        

      

      
        Page
          10

        
          

        

      

      
        
        

      

    

     

    (r)  “Person”
means
      an individual, a limited liability company, a partnership, a joint venture,
      a
      corporation, a trust, an unincorporated organization, any other entity and
      a
      government or any department or agency thereof.

     

    (s)  “Property”
means
      any right or interest in or to property of any kind whatsoever, whether real,
      personal or mixed and whether tangible or intangible, including, without
      limitation, capital stock..

     

    (t)  “Securities
      Purchase Agreement”
means
      that certain securities purchase agreement dated as of June 15,
      2007
      by and among the Company, the Maker and the Subsidiaries and the
      Holder.

     

    (u)  “Security
      Agreement”
means
      the Pledge and Security Agreement dated June 15,
      2007
      by and among the Maker, the Company, the Subsidiaries and the
      Holder.

     

    (v)  “Security
      Documents”
means
      the Security Agreement, the Mortgages, if any, and all other instruments,
      documents and agreements delivered by the Maker or any of its Subsidiaries
      in
      order to grant to the Holder a Lien on any real, personal or mixed property
      of
      the Maker or one of its Subsidiaries as security for the obligations under
      this
      Note.

     

    (w)  “Subsidiaries”
      shall
      have the mean Atlas Technology Group (NZ) Limited, a New Zealand company,
      TakeCareofIT Limited, a Malta company, Atlas Technology Group (US) Inc., a
      Delaware corporation, Atlas Technology Group Consulting Inc., a Delaware
      corporation, and BLive Networks Inc., a British Columbia
      corporation.

     

    (x)  “Successor
      Entity”
means
      the Person, which may be the Maker, formed by, resulting from or surviving
      any
      Fundamental Transaction or the Person with which such Fundamental Transaction
      shall have been made.

     

    [REMAINDER
      OF THIS PAGE INTENTIONALLY LEFT BLANK]

     

    
      
        
        

      

      
        Page
          11

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Maker has caused this Note to be duly executed as of the
      Issuance Date set out above.

     

    
      	 	 	 
	 	MAKER:
	 	 
	 	
              ATLAS
                TECHNOLOGY GROUP (US), INC.

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              
Name: Peter
              B. Jacobson
	 	Title: President

    

     

    By
      signing below, the Company agrees to be bound by and subject to Section 6 and
      Section 8 of this Note.

    
       

      
        	 	 	 
	 	
                COMPANY:

              
	 	 
	 	
                TRIBEWORKS,
                  INC.

              
	 
 	 
 	 
 
	
              	By:  	
              
	 	
                
Name: Peter
                B. Jacobson
	 	Title: Chief
                Executive Officer

      

      
         

        [Signature
          Page to Promissory Note]PLEDGE
      AND SECURITY AGREEMENT

    

    This
      PLEDGE AND SECURITY AGREEMENT, (the “Agreement”), dated as of June 15, 2007, by
      and among Atlas Technology Group (US), Inc., a Delaware corporation (the
“Company”),
      Tribeworks, Inc., a Delaware corporation (the “Parent”),
      each
      of the subsidiaries of Parent listed on Exhibit
      A
      attached
      hereto and incorporated herein (each a “Guarantor”
      and
      together with the Parent, the “Guarantors”,
      and
      together with the Company and the Parent, the “Debtors”
      and
      each
      a “Debtor”) and
      West
      Coast Opportunity Fund, LLC, a Delaware limited liability company (the
“Secured
      Party”).

    

    W
      I T N E S S E T H:

    

     WHEREAS,
      the
      Secured Party has or will make certain financial accommodations for the benefit
      of the Company evidenced by the Promissory
      Notes
      (as
      such term is defined in the Securities Purchase Agreement described below)
      as
      required by that certain Securities Purchase Agreement, dated as of the date
      hereof, between the Company and the Secured Party (the “Securities
      Purchase Agreement”);
      and

    

     WHEREAS,
      the
      Guarantors are affiliates of the Company, will benefit from the financial
      accommodations made by the Secured Party for the benefit of the Company, and
      have agreed to guarantee the obligations of the Company under the Promissory
      Notes pursuant to that certain Secured Guaranty, dated as of the date hereof,
      made the Guarantors, for the benefit of the Secured Party (the “Guaranty”);

    

     NOW,
      THEREFORE,
      in
      consideration of the agreements herein contained and for other good and valuable
      consideration, the receipt and sufficiency of which is hereby acknowledged,
      the
      parties hereto hereby agree as follows:

    

    1.
      Certain
      Definitions.
      Capitalized terms used but not otherwise defined herein have the meaning given
      to such terms in the Securities Purchase Agreement. As used in this Agreement,
      the following terms shall have the meanings set forth in this Section
      1.
      

    

    (a)
      “Collateral”
means
      the following, whether presently owned or existing or hereafter acquired or
      coming into existence, and all additions and accessions thereto and all
      substitutions and replacements thereof, and all proceeds, products and accounts
      thereof, including, without limitation, all proceeds from the sale or transfer
      of the Collateral and of insurance covering the same and of any tort claims
      in
      connection therewith:

    

    (i)
      all
      Accounts (as defined in the UCC), Deposit Accounts (as defined in the UCC),
      Instruments (as defined in the UCC), Documents (as defined in the UCC), Chattel
      Paper (as defined in the UCC),whether Tangible Chattel Paper (as defined in
      the
      UCC) or Electronic Chattel Paper (as defined in the UCC), Goods (as defined
      in
      the UCC), including Inventory (as defined in the UCC), Equipment (as defined
      in
      the UCC), and Fixtures (as defined in the UCC), Payment Intangibles (as defined
      in the UCC), Software (as defined in the UCC) and other General Intangibles
      (as
      defined in the UCC), including patents, trademarks, copyrights, and licenses,
      and all Letter-of-Credit Rights (as defined in the UCC);

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (ii)
      the
      shares of common stock and preferred stock of, or partnership, membership and
      other ownership interests in any subsidiary (i) organized under the laws of
      the
      United States or any political subdivision thereof or (ii) 65% of the voting
      stock of any entity organized under the laws of any foreign jurisdiction, in
      each case now or hereafter owned by any Debtor and all certificates evidencing
      the same (collectively, the “Pledged
      Equity”)
      that
      are attached hereto on Schedule
      A,
      together with, in each case:

    

    (1) all
      shares, securities, monies or property representing a dividend on any of the
      Pledged Equity, or representing a distribution or return of capital upon or
      in
      respect of the Pledged Equity, or resulting from a split up, revision,
      reclassification or other like change of the Pledged Equity or otherwise
      received in exchange therefor, and any subscription warrants, rights or options
      issued to the holders of, or otherwise in respect of, the Pledged Equity,
      and

    

    (2) without
      affecting the obligations of the Debtors under any provision prohibiting such
      action hereunder or under the Promissory Notes, the Guaranty, or any other
      document executed pursuant to Section
      3(h)
      below
      (together, the “Transaction
      Documents”),
      in
      the event of any consolidation or merger or similar transaction in which a
      subsidiary of such Debtor is not the surviving corporation, all ownership
      interests of any class or character of the successor corporation (unless such
      successor corporation is that Debtor itself), formed by or resulting from such
      consolidation or merger (the Pledged Equity, together with all other
      certificates, shares, securities, properties or moneys as may from time to
      time
      be pledged hereunder pursuant to this clause (2) and clause (1) above being
      herein collectively called the “Equity
      Collateral”);

    

    (iii)
      all
      Investment Property (as defined in the UCC), Financial Assets (as defined in
      the
      UCC) and Securities Accounts (as defined in the UCC) not covered by the
      foregoing clauses, (i), (i) and (iii);

    

    (iv)
      all
      commercial tort claims, including but not limited to the commercial tort claims
      described on Schedule
      B
      hereto;

    

    (v)
      All
      other tangible and intangible property of each Debtor, including all books,
      correspondence, credit files, records, invoices, tapes, cards, computer runs
      and
      other papers and documents in the possession or under the control of the Debtor
      or any computer bureau or service company from time to time acting for such
      Debtor; and

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (vi)
      all
      Proceeds (as defined in the UCC) and products in whatever form of all or any
      part of the other Collateral, including all rents, profits, income and benefits
      and all proceeds of insurance and all condemnation awards and all other
      compensation for any event of loss with respect to all or any part of the other
      Collateral (together with all rights to recover and proceed with respect to
      the
      same), and all accessions to, substitutions for and replacements of all or
      any
      part of the other Collateral.

    

    (c)
      “Obligations”
means
      all obligations of the Debtors owed to the Secured Party under the Promissory
      Notes and the Guaranty whether voluntary or involuntary, direct or indirect,
      absolute or contingent, liquidated or unliquidated, whether or not jointly
      owed
      with others, and whether or not from time to time decreased or extinguished
      and
      later increased, created or incurred, and all or any portion of such obligations
      or liabilities that are paid, to the extent all or any part of such payment
      is
      avoided or recovered directly or indirectly from the Secured Party as a
      preference, fraudulent transfer or otherwise as such obligations may be amended,
      supplemented, converted, extended or modified from time to time.

    

    (d)
      “Permitted
      Liens”
means
      the liens described on Schedule
      C
      attached
      hereto and incorporated herein.

    

    (e)
      “UCC”
means
      the Uniform Commercial Code as in effect from time to time in the State of
      Delaware.

    

    2.
      Grant
      of Security Interest.
      As an
      inducement for the Secured Party to purchase the Promissory Notes and to secure
      the complete and timely payment, performance and discharge in full, as the
      case
      may be, of all of the Obligations, each Debtor hereby unconditionally and
      irrevocably pledges, grants and hypothecates to the Secured Party a continuing
      security interest in and to, a lien upon all of the Debtors’ respective right,
      title and interest of whatsoever kind and nature in and to, the Collateral
      (the
“Security
      Interest”).

    

    3.
      Representations,
      Warranties, Covenants and Agreements of the Debtors.
      Each
      Debtor represents and warrants to, and covenants and agrees with, the Secured
      Party as follows:

    

    (a)
      Each
      Debtor has the requisite corporate or limited liability company power, as
      appropriate, and authority to enter into this Agreement and otherwise to carry
      out its obligations hereunder. The execution, delivery and performance by each
      Debtor of this Agreement and the filings contemplated therein have been duly
      authorized by all necessary action on the part of each Debtor and no further
      action is required by any Debtor.

    

    (b)
      Each
      Debtor is the sole owner of its Collateral, free and clear of any conflicting
      ownership interest or liens, security interests, encumbrances, rights or claims
      (except for Permitted Liens), and is fully authorized to grant the Security
      Interest in and to pledge the Collateral. Except for Permitted Liens, there
      is
      not on file in any governmental or regulatory authority, agency or recording
      office an effective financing statement, security agreement, license or transfer
      or any notice of any of the foregoing (other than those filed in favor of the
      Secured Party) covering or affecting any of the Collateral. So long as this
      Agreement shall be in effect, no Debtor shall execute and shall knowingly permit
      to be on file in any such office or agency any such financing statement or
      other
      document or instrument (except (i) for Permitted Liens and (ii) to the extent
      filed or recorded in favor of the Secured Party pursuant to the terms of this
      Agreement).

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (c)
      To
      each Debtor’s knowledge, no part of its ownership rights to its Collateral has
      been judged invalid or unenforceable. No written claim has been received that
      any Collateral or any Debtor’s use of any Collateral violates the rights of any
      third party, other than adjustments to accounts receivable in the ordinary
      course of Debtors’ business. There has been no adverse decision to any Debtor’s
      claim of ownership rights in or exclusive rights to use of its Collateral in
      any
      jurisdiction or to any Debtor’s right to keep and maintain such Collateral in
      full force and effect, and there is no proceeding involving said rights pending
      or, to the best knowledge of such Debtor, threatened before any court, judicial
      body, administrative or regulatory agency, arbitrator or other governmental
      authority.

    

    (d)
      This
      Agreement creates in favor of the Secured Party a valid security interest in
      the
      Collateral located
      in the United States of America securing
      the payment and performance of the Obligations and, upon making the filings
      described in Section
      3(e) immediately
      below, will create a perfected first priority security interest in such
      Collateral. 

    

    (e)
      Each
      Debtor hereby authorizes the Secured Party to file one or more financing
      statements evidencing the Security Interest with the proper filing and recording
      agencies in any jurisdiction deemed proper by the Secured Party.

    

    (f)
      The
      execution, delivery and performance of this Agreement by each Debtor does not
      conflict with, or constitute a default (or an event that with notice or lapse
      of
      time or both would become a default) under, or give to others any rights of
      termination, amendment, acceleration or cancellation (with or without notice,
      lapse of time or both) of, any agreement, credit facility, debt or other
      instrument (evidencing such Debtor’s debt or otherwise) or other understanding
      to which such Debtor is a party or by which any property or asset of such Debtor
      is bound or affected. No consent, which has not been received and provided
      to
      the Secured Party (including, without limitation, from stockholders or creditors
      of such Debtor) is required for such Debtor to enter into and perform its
      obligations hereunder.

    

    (g)
      After
      making the filings contemplated by Section
      3(e)
      above,
      each Debtor shall at all times maintain the liens and Security Interest provided
      for hereunder as valid and perfected first priority liens and security interests
      in the Collateral located in the United States of America in favor of the
      Secured Party, but in each case subject to Permitted Liens, until this Agreement
      and the Security Interest hereunder shall be terminated. Each Debtor hereby
      agrees to defend the same against any and all persons. Each Debtor shall
      safeguard and protect all Collateral for the account of the Secured Party.
      Each
      Debtor irrevocably authorizes the Secured Party at any time and from time to
      time to file in any filing office in any jurisdiction any initial financing
      statement or amendment thereto that indicates the collateral as “all assets” or
“all personal property” of such Debtor or words of similar effect. The Debtors
      shall pay all fees, taxes and other amounts necessary to maintain the
      Collateral, and the Debtors shall obtain and furnish to the Secured Party from
      time to time, upon demand, such releases and/or subordinations of claims and
      liens that may be required to maintain the priority of the Security Interest
      hereunder. Notwithstanding the foregoing or anything contained in the
      Transaction Documents, Debtors will not be obligated to incur or assume the
      cost
      of any actions taken to perfect or continue the perfection of any security
      interests granted hereunder.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (h)
      Each
      Debtor shall promptly execute and deliver to the Secured Party such further
      deeds, mortgages, fixture filings, assignments, security agreements, financing
      statements or other instruments, documents, certificates and assurances and
      take
      such further action as the Secured Party may from time to time request and
      may
      in its sole discretion deem necessary to perfect, protect or enforce its
      security interest in the Collateral located in the United States of America
      or
      any additional collateral located in the United States of America, including,
      without limitation, the execution and delivery of separate mortgages and fixture
      filings, which shall be satisfactory to the Secured Party in their sole
      discretion for real or personal property interest.

    

    (i)
      No
      Debtor organized under the laws of the United States of America or any State
      thereof (each, a “US
      Debtor”)
      will
      sell, assign, transfer, or convey any of its assets without the consent of
      the
      Secured Party except (i) in the ordinary course of its business, (ii)
      replacements of obsolete or worn out equipment, or (iii) sales, assignments,
      transfers or conveyances to another US debtor.

    

    (j)
      Each
      Debtor shall promptly notify the Secured Party in sufficient detail upon
      becoming aware of any attachment, garnishment, execution or other legal process
      levied against its Collateral and of any other information received by such
      Debtor that would have a material adverse effect on the value of the Collateral,
      the Security Interest or the rights and remedies of the Secured Party
      hereunder.

    

    (k)
      All
      information heretofore, herein or hereafter supplied to the Secured Party by
      or
      on behalf of any Debtor with respect to the Collateral is accurate and complete
      in all material respects as of the date furnished.

    

    (l)
      No
      Debtor will change its name, corporate structure, jurisdiction of formation,
      or
      identity, or add any new fictitious name unless it provides at least thirty
      (30)
      days prior written notice to the Secured Party of such change and, at the time
      of such written notification, such Debtor provides any financing statements
      or
      fixture filings necessary to perfect and continue perfected the perfected first
      priority Security Interest granted and evidenced by this Agreement.

    

    (m)
      No
      Debtor may relocate its chief executive office to a new location without
      providing thirty (30) days prior written notification thereof to the Secured
      Party and so long as, at the time of such written notification, such Debtor
      provides any financing statements or fixture filings necessary to perfect and
      continue perfected the perfected first priority Security Interest granted and
      evidenced by this Agreement.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (n)
      No
      Debtor will, nor will any Debtor permit any of its Subsidiaries to, directly
      or
      indirectly, consummate any Asset Sale (as defined in the Promissory Notes)
      provided, however, that any Debtor and any of their respective Subsidiaries
      may
      consummate sales of assets or Equity Interests (as defined in the Promissory
      Notes) to the Company or its Subsidiaries with Secured Party’s consent, which
      will not be unreasonably withheld or delayed, other than any Asset Sale which
      transfers an asset or an Equity interest to a non-United States
      Subsidiary.

    

    (o)
      The
      Debtors that are organized under the laws of the United States of America or
      any
      political subdivision thereof will at all times preserve and keep in full force
      their respective valid existence and good standing and any rights and franchises
      material to their business.

    

    4.
      Defaults.
      The
      following events shall be “Events
      of Default”:

    

    (a)
      The
      occurrence of an Event of Default (as defined in any of the Promissory Notes)
      under any of the Promissory Notes;

    

    (b)
      Any
      representation or warranty of any Debtor in this Agreement shall prove to have
      been incorrect in any material respect when made;

    

    (c)
      The
      failure by any Debtor to observe or perform any of its obligations hereunder
      for
      (i) thirty (30) days after delivery to Parent, to be effective as delivery
      for
      all Debtors, of notice of such failure by or on behalf of a Secured Party if
      such failure is not able to be cured, or (ii) thirty (30) days after delivery
      to
      all Debtors of notice of such failure by or on behalf of the Secured Party
      if
      such failure is able to be cured and the Debtor is diligently prosecuting such
      cure; or

    

    (d)
      If
      any material provision of this Agreement shall at any time for any reason be
      declared to be null and void, or the validity or enforceability hereof shall
      be
      contested by any Debtor, or a proceeding shall be commenced by any Debtor,
      or by
      any governmental authority having jurisdiction over any Debtor, seeking to
      establish the invalidity or unenforceability thereof, or any Debtor shall deny
      that any Debtor has any liability or obligation purported to be created under
      this Agreement.

    

    5.
      Duty
      To Hold In Trust.
      Upon
      the occurrence of any Event of Default and at any time thereafter, each Debtor
      shall, upon receipt of any revenue, income or other sums subject to the Security
      Interest, whether payable pursuant to the Promissory Notes or otherwise, or
      of
      any check, draft, note, trade acceptance or other instrument evidencing an
      obligation to pay any such sum, hold the same in trust for the Secured Party
      and
      shall forthwith endorse and transfer any such sums or instruments, or both,
      to
      the Secured Party for application to the satisfaction of the
      Obligations.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    6.
      Rights
      and Remedies Upon Default.
      Upon
      the occurrence of any Event of Default and at any time thereafter, the Secured
      Party shall have the right to exercise all of the remedies conferred hereunder
      and under the other Transaction Documents, and all the rights and remedies
      of a
      secured party under the UCC. Without limitation, upon the occurrence and during
      the continuation of an Event of Default, the Secured Party, shall have the
      following rights and powers:

    

    (a)
      The
      Secured Party shall have the right to take possession of the Collateral and,
      for
      that purpose, enter, with the aid and assistance of any person, any premises
      where the Collateral, or any part thereof, is or may be placed and remove the
      same, and each Debtor shall assemble the Collateral and make it available to
      the
      Secured Party at places that the Secured Party shall reasonably select, whether
      at such Debtor’s premises or elsewhere, and make available to the Secured Party,
      without rent, all of such Debtor’s respective premises and facilities for the
      purpose of the Secured Party taking possession of, removing or putting the
      Collateral in saleable or disposable form.

    

    (b)
      The
      Secured Party shall have the right to assign, sell, lease or otherwise dispose
      of and deliver all or any part of the Collateral, at public or private sale
      or
      otherwise, either with or without special conditions or stipulations, for cash
      or on credit or for future delivery, in such parcel or parcels and at such
      time
      or times and at such place or places, and upon such terms and conditions as
      the
      Secured Party may deem commercially reasonable, all without (except as shall
      be
      required by applicable statute and cannot be waived) advertisement or demand
      upon or notice to the Debtors or right of redemption of any Debtor that are
      hereby expressly waived. Upon each such sale, lease, assignment or other
      transfer of Collateral, the Secured Party may, unless prohibited by applicable
      law that cannot be waived, purchase all or any part of the Collateral being
      sold, free from and discharged of all trusts, claims, right of redemption and
      equities of any Debtor, which are hereby waived and released. 

    

    7.
      Applications
      of Proceeds.
      The
      proceeds of any such sale, lease or other disposition of the Collateral
      hereunder shall be applied first, to the expenses of retaking, holding, storing,
      processing and preparing for sale, selling, and the like (including, without
      limitation, any taxes, fees and other costs incurred in connection therewith)
      of
      the Collateral, to the reasonable attorneys’ fees and expenses incurred by the
      Secured Party in enforcing their rights hereunder and in connection with
      collecting, storing and disposing of the Collateral, and then to satisfaction
      of
      the Obligations, and to the payment of any other amounts required by applicable
      law, after which the Secured Party shall pay to the Debtors any surplus
      proceeds. If, upon the sale, license or other disposition of the Collateral,
      the
      proceeds thereof are insufficient to pay all amounts to which the Secured Party
      are legally entitled, the Debtors will be liable for the deficiency, together
      with interest thereon, at the rate of 7.5% per annum or the lesser amount
      permitted by applicable law (the “Default
      Rate”),
      and
      the reasonable fees of any attorneys employed by the Secured Party to collect
      such deficiency. To the extent permitted by applicable law, each Debtor waives
      all claims, damages and demands against the Secured Party arising out of the
      repossession, removal, retention or sale of the Collateral, unless due to the
      gross negligence or willful misconduct of the Secured Party.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    8.
      Intentionally
      Omitted.
      

    

    9.
      Responsibility
      for Collateral.
      Each
      Debtor assumes all liabilities and responsibility in connection with all
      Collateral (except for such Collateral that is perfected by possession or
      control and only to the extent such is in the possession of the Secured Party
      or
      its agent), and the Obligations shall in no way be affected or diminished by
      reason of the loss, destruction, damage or theft of any of the Collateral or
      its
      unavailability for any reason.

    

    10.
      Security
      Interest Absolute.
      All
      rights of the Secured Party and all Obligations of the Debtors hereunder shall
      be absolute and unconditional, irrespective of: (a) any lack of validity or
      enforceability of this Agreement, the Promissory Notes or any other Transaction
      Documents, or any portion hereof or thereof; (b) any change in the time, manner
      or place of payment or performance of, or in any other term of, all or any
      of
      the Obligations, or any other amendment or waiver of or any consent to any
      departure from the Promissory Notes or any other Transaction Document; (c)
      any
      exchange, release or nonperfection of any of the Collateral, or any release
      or
      amendment or waiver of or consent to departure from any other collateral for,
      or
      any guaranty, or any other security, for all or any of the Obligations; or
      (d)
      any other circumstance which might otherwise constitute any legal or equitable
      defense available to any Debtor, or a discharge of all or any part of the
      Security Interest granted hereby. Until the Obligations shall have been paid
      and
      performed in full, the rights of the Secured Party shall continue even if the
      Obligations are barred for any reason, including, without limitation, the
      running of the statute of limitations or bankruptcy. Each Debtor expressly
      waives presentment, protest, notice of protest, demand, notice of nonpayment
      and
      demand for performance. In the event that at any time any transfer of any
      Collateral or any payment received by the Secured Party hereunder shall be
      deemed by final order of a court of competent jurisdiction to have been a
      voidable preference or fraudulent conveyance under the bankruptcy or insolvency
      laws of the United States, or shall be deemed to be otherwise due to any party
      other than the Secured Party, then, in any such event, the Debtors’ obligations
      hereunder shall survive cancellation of this Agreement, and shall not be
      discharged or satisfied by any prior payment thereof and/or cancellation of
      this
      Agreement, but shall remain a valid and binding obligation enforceable in
      accordance with the terms and provisions hereof. Each Debtor waives all right
      to
      require the Secured Party to proceed against any other person or Debtor or
      to
      apply any Collateral which the Secured Party may hold at any time, or to marshal
      assets, or to pursue any other remedy. Each Debtor waives any defense arising
      by
      reason of the application of the statute of limitations to any obligation
      secured hereby.

    

    11.
      Term
      of Agreement.
      This
      Agreement and the Security Interest shall terminate on the date on which all
      payments under the Promissory Notes have been paid in full or have been
      satisfied and all other Obligations have been paid or discharged. Upon such
      termination, the Secured Party, at the request of the Debtors, will join in
      executing any termination statement or similar statement with respect to any
      financing statement or other security instrument executed and filed pursuant
      to
      this Agreement.

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    12.
      Power of Attorney; Further Assurances.

    

    (a)
      Each
      Debtor authorizes the Secured Party, and does hereby make, constitute and
      appoint the Secured Party, and each of the Secured Party’s officers, agents,
      successors or assigns with full power of substitution, as such Debtor’s true and
      lawful attorney-in-fact, with power, in the name of the Secured Party or such
      Debtor, after the occurrence and during the continuance of an Event of Default,
      (i) to endorse any note, checks, drafts, money orders or other instruments
      of
      payment (including payments payable under or in respect of any policy of
      insurance) in respect of the Collateral that may come into possession of the
      Secured Party; (ii) to sign and endorse any financing statement pursuant to
      the
      UCC or any invoice, freight or express bill, bill of lading, storage or
      warehouse receipts, drafts against debtors, assignments, verifications and
      notices in connection with accounts, and other documents relating to the
      Collateral; (iii) to pay or discharge taxes, liens, security interests or other
      encumbrances at any time levied or placed on or threatened against the
      Collateral; (iv) to demand, collect, receipt for, compromise, settle and sue
      for
      monies due in respect of the Collateral; and (v) generally, to do, at the option
      of the Secured Party, and at the expense of the Debtors, at any time, or from
      time to time, all acts and things that the Secured Party deems necessary to
      protect, preserve and realize upon the Collateral and the Security Interest
      granted therein in order to effect the intent of this Agreement all as fully
      and
      effectually as the Debtors might or could do; and each Debtor hereby ratifies
      all that said attorney shall lawfully do or cause to be done by virtue hereof.
      This power of attorney is coupled with an interest and shall be irrevocable
      for
      the term of this Agreement and thereafter as long as any of the Obligations
      shall be outstanding.

    

    (b)
      On a
      continuing basis, each Debtor will make, execute, acknowledge, deliver, file
      and
      record, as the case may be, with the proper filing and recording agencies in
      any
      jurisdiction, all such instruments, and take all such action as may reasonably
      be deemed necessary or advisable, or as reasonably requested by the Secured
      Party, to perfect the Security Interest granted hereunder and otherwise to
      carry
      out the intent and purposes of this Agreement, or for assuring and confirming
      to
      the Secured Party the grant or perfection of a perfected first priority security
      interest in all the Collateral under the UCC (other than with respect to the
      oil
      and gas real property that forms a part of the Collateral, in which will be
      created a perfected security interest in such property;
      provided however, each Debtor has no knowledge of any prior liens on such oil
      and gas interests such that alone or in the aggregate would that would be
      materially adverse to the interests of the Secured Party thereon).

    

    (c)
      Each
      Debtor hereby irrevocably appoints the Secured Party as the Debtor’s
      attorney-in-fact, with full authority in the place and instead of the Debtor
      and
      in the name of the Debtor, from time to time in the Secured Party’s discretion,
      to take any action and to execute any instrument that the Secured Party may
      deem
      necessary or advisable to accomplish the purposes of this Agreement, including
      the filing, in its sole discretion, of one or more financing or continuation
      statements and amendments thereto, relative to any of the Collateral without
      the
      signature of such Debtor where permitted by law.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    13.
      Notices.
      All
      notices, requests, demands and other communications hereunder shall be subject
      to the notice provision of the Guaranty or Securities Purchase Agreement as
      applicable.

    

    14.
      Other
      Security.
      To the
      extent that the Obligations are now or hereafter secured by property other
      than
      the Collateral or by the guarantee, endorsement or property of any other person,
      firm, corporation or other entity, then the Secured Party shall have the right,
      in their sole discretion, to pursue, relinquish, subordinate, modify or take
      any
      other action with respect thereto, without in any way modifying or affecting
      any
      of the Secured Party’s rights and remedies hereunder.

    

    15.
      Best
      Efforts for Licensed Collateral. Notwithstanding
      any other provision contained herein or any of the other Transaction Documents,
      upon the occurrence of an Event of Default, each Debtor hereby agrees that
      with
      respect to any part of the Collateral that may require the consent of any third
      party or third parties in order for such Debtor to transfer and/or convey its
      interest in and to such Collateral to the Secured Party, as may be required
      in
      accordance herewith, such Debtor agrees to and shall use its best efforts to
      obtain such consents or approvals in as expedient manner as
      possible.

    

    16.
      Miscellaneous.

    

    (a)
      No
      course of dealing between any Debtor and the Secured Party, nor any failure
      to
      exercise, nor any delay in exercising, on the part of the Secured Party, any
      right, power or privilege hereunder or under the Promissory Notes shall operate
      as a waiver thereof; nor shall any single or partial exercise of any right,
      power or privilege hereunder or thereunder preclude any other or further
      exercise thereof or the exercise of any other right, power or
      privilege.

    

    (b)
      All
      of the rights and remedies of the Secured Party with respect to the Collateral,
      whether established hereby or by the Promissory Notes or by any other
      Transaction Documents or by law shall be cumulative and may be exercised singly
      or concurrently.

    

    (c)
      This
      Agreement constitutes the entire agreement of the parties with respect to the
      subject matter hereof and is intended to supersede all prior negotiations,
      understandings and agreements with respect thereto. Except as specifically
      set
      forth in this Agreement, no provision of this Agreement may be modified or
      amended except by a written agreement specifically referring to this Agreement
      and signed by the parties hereto.

    

    (d)
      In
      the event any provision of this Agreement is held to be invalid, prohibited
      or
      unenforceable in any jurisdiction for any reason, unless such provision is
      narrowed by judicial construction, this Agreement shall, as to such
      jurisdiction, be construed as if such invalid, prohibited or unenforceable
      provision had been more narrowly drawn so as not to be invalid, prohibited
      or
      unenforceable. If, notwithstanding the foregoing, any provision of this
      Agreement is held to be invalid, prohibited or unenforceable in any
      jurisdiction, such provision, as to such jurisdiction, shall be ineffective
      to
      the extent of such invalidity, prohibition or unenforceability without
      invalidating the remaining portion of such provision or the other provisions
      of
      this Agreement and without affecting the validity or enforceability of such
      provision or the other provisions of this Agreement in any other
      jurisdiction.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (e)
      No
      waiver of any breach or default or any right under this Agreement shall be
      considered valid unless in writing and signed by the party giving such waiver,
      and no such waiver shall be deemed a waiver of any subsequent breach or default
      or right, whether of the same or similar nature or otherwise.

    

    (f)  This
      Agreement shall be binding upon and inure to the benefit of each party hereto
      and its successors and assigns.

    

    (g)
      Each
      party shall take such further action and execute and deliver such further
      documents as may be necessary or appropriate in order to carry out the
      provisions and purposes of this Agreement.

    

    (h)
      All
      questions concerning the construction, validity, enforcement and interpretation
      of this Agreement shall be governed by and construed and enforced in accordance
      with the internal laws of the State of Delaware. 

    

    EACH
      PARTY AGREES THAT ALL PROCEEDINGS CONCERNING THE INTERPRETATIONS, ENFORCEMENT
      AND DEFENSE OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT AND THE
      PROMISSORY NOTES (WHETHER BROUGHT AGAINST A PARTY HERETO OR ITS RESPECTIVE
      AFFILIATES, DIRECTORS, OFFICERS, SHAREHOLDERS, EMPLOYEES OR AGENTS) SHALL BE
      COMMENCED EXCLUSIVELY IN THE STATE AND FEDERAL COURTS SITTING IN THE STATE
      OF
      DELAWARE. 

    

    EACH
      PARTY HERETO HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE
      STATE AND FEDERAL COURTS SITTING IN THE STATE OF DELAWARE FOR THE ADJUDICATION
      OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR WITH ANY TRANSACTION
      CONTEMPLATED HEREBY OR DISCUSSED HEREIN, AND HEREBY IRREVOCABLY WAIVES, AND
      AGREES NOT TO ASSERT IN ANY PROCEEDING, ANY CLAIM THAT IT IS NOT PERSONALLY
      SUBJECT TO THE JURISDICTION OF ANY SUCH COURT OR THAT SUCH PROCEEDING IS
      IMPROPER. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF
      PROCESS AND CONSENTS TO PROCESS BEING SERVED IN ANY SUCH PROCEEDING BY MAILING
      A
      COPY THEREOF VIA REGISTERED OR CERTIFIED MAIL OR OVERNIGHT DELIVERY (WITH
      EVIDENCE OF DELIVERY) TO SUCH PARTY AT THE ADDRESS IN EFFECT FOR NOTICES TO
      IT
      UNDER THIS AGREEMENT AND AGREES THAT SUCH SERVICE SHALL CONSTITUTE GOOD AND
      SUFFICIENT SERVICE OF PROCESS AND NOTICE THEREOF. NOTHING CONTAINED HEREIN
      SHALL
      BE DEEMED TO LIMIT IN ANY WAY ANY RIGHT TO SERVE PROCESS IN ANY MANNER PERMITTED
      BY LAW. 

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (i)
      This
      Agreement may be executed in any number of counterparts, each of which when
      so
      executed shall be deemed to be an original and, all of which taken together
      shall constitute one and the same Agreement. In the event that any signature
      is
      delivered by facsimile transmission, such signature shall create a valid binding
      obligation of the party executing (or on whose behalf such signature is
      executed) the same with the same force and effect as if such facsimile signature
      were the original thereof.

    

    [signature
      page follows]

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF,
      the
      parties hereto have caused this Pledge and Security Agreement to be duly
      executed on the day and year first above written.

     

    
      	 	 	 
	 	
              TRIBEWORKS,
                INC.

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	Name:	
              

              Peter B. Jacobson
	 	Title: 	Chief Executive
              Officer

    

    
       

      
        	 	 	 
	 	
                TAKECAREOFIT
                  LIMITED

              
	 
 	 
 	 
 
	
              	By:  	
              
	 	Name: 	
                
B.S.P.
                Marra
	 	Title: 	 
	 	 	
                
 

      

      
         

        
          	 	 	 
	 	
                  
                    ATLAS
                      TECHNOLOGY
                      GROUP
                      (NZ) LIMITED

                  

                
	 
 	 
 	 
 
	
                	By:  	
                
	 	Name:    
                  	
                  
 
	 	Title: 	
                  
 
	 	 	
                  
 

        

        
           

          
            	 	 	 
	 	
                    
                      ATLASTECHNOLOGY
                        GROUP
                        CONSULTING
                        INC.

                    

                  
	 
 	 
 	 
 
	
                  	By:  	
                  
	 	Name:  	
                    
Michael
                    T. Murphy
	 	Title: 	President

          

          
             

            
              	 	 	 
	 	
                      
                        
                          BLIVE
                            NETWORKS
                            INC.

                        

                      

                    
	 
 	 
 	 
 
	
                    	By:  	
                    
	 	Name:    
                      	
                      

                    
	 	Title:   	
                      
 
	 	 	
                      
 

            

            
               

              [Pledge
                and Security Agreement Signature Page]

               

              
                
                  
                  

                

                
                  
                  

                  
                    

                  

                

                
                  
                  

                

              

               

              
                	 	 	 
	 	
                        ATLAS
                          TECHNOLOGY
                          GROUP
                          HOLDINGS
                          LIMITED

                      
	 
 	 
 	 
 
	
                      	By:  	
                      
	 	Name:   
                        	
                        
B.S.P.
                        Marra
	 	Title: 	 
	 	 	
                        
 

              

              
                 

              

            

          

        

      

    

    
      
        	 	 	 
	 	
                
                  
                    ATLAS
                      TECHNOLOGY
                      GROUP
                      (US), INC.

                  

                

              
	 
 	 
 	 
 
	
              	By:  	
              
	 	Name:   
                	
                
Peter
                B. Jacobson
	 	Title: 	President

      

      
         

      

    

    
      [Pledge
        and Security Agreement Signature Page]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

    

    IN
      WITNESS WHEREOF,
      the
      undersigned has duly executed the agreement as of the day and year first above
      written.

    

    SECURED
      PARTY:

    
      
         

      

      
        
          	 	 	 
	 	
                  
                    
                      WEST
                        COAST OPPORTUNITY FUND, LLC

                    

                  

                
	 
 	 
 	 
 
	
                	By:  	
                
	 	Name:   
                  	
                  
Atticus
                  Lowe
	 	Title: 	Chief Investment
                  Officer

        

        
           

        

      

      [Pledge
        and Security Agreement Signature Page]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    EXHIBIT
      A

    

    GUARANTORS

     

    
      	1.  	
              Atlas
                Technology Group Holdings Limited 

            

    

    
      	2.  	
              TakeCareofIT
                Limited

            

    

    
      	3.  	
              Atlas
                Technology Group (NZ) Limited

            

    

    
      	4.  	
              Atlas
                Technology Group (US), Inc.

            

    

    
      	5.  	
              Atlas
                Technology Group Consulting Inc.

            

    

    
      	6.  	
              BLive
                Networks Inc.

            

    

    
      	7.  	
              Tribeworks,
                Inc.

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