Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Mobiventures, Inc. - Exhibit 10.35

SECURITY AGREEMENT 

          THIS
  SECURITY AGREEMENT (the “Agreement”), is entered
  into and made effective as of March 31, 2008, by and between MOBI VENTURES
  INC. (the “Company”), and the BUYER(S) listed on
  Schedule I attached to the Securities Purchase Agreement dated the date hereof
  (the “Secured Party”). Capitalized words which are otherwise
  undefined in this Agreement shall have the same definition as in the Securities
  Purchase Agreement. 

          WHEREAS,
  the Company shall issue and sell to the Secured Party, as provided in the
  Securities Purchase Agreement dated the date hereof, and the Secured Party shall
  purchase Two Million Dollars ($2,000,000) of secured convertible redeemable
  debentures (the “Redeemable Debentures”) in the respective
  amounts set forth opposite each Buyer(s) name on Schedule I attached to the
  Securities Purchase Agreement; 

          WHEREAS,
  to induce the Secured Party to enter into the transaction contemplated by
  the Securities Purchase Agreement, the Redeemable Debenture, the Registration
  Rights Agreement and the Escrow Agreement (collectively referred to as the “Transaction
  Documents”), the Company hereby grants to the Secured Party a first
  priority security interest in and to the pledged property identified on Exhibit
  “A” hereto (collectively referred to as the “Pledged Property”)
  until the satisfaction of the Obligations, as defined herein below.

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

ARTICLE 1. 

DEFINITIONS AND INTERPRETATIONS 

          Section
  1.1.      Recitals.

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

          Section
  1.2.      Interpretations.

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

          Section
  1.3.      Obligations Secured. 

          The
  obligations secured hereby are any and all obligations of the Company to the
  Secured Party now existing or hereinafter incurred to the Secured Party, whether
  oral or written and whether arising before, on or after the date hereof including,
  without limitation, those obligations of the Company to the Secured Party under
  the Securities Purchase Agreement and the Secured Redeemable Debenture and any
  other amounts now or hereafter owed to the Secured Party by the Company thereunder
  or hereunder (collectively, the “Obligations”). 

ARTICLE 2. 

PLEDGED PROPERTY, ADMINISTRATION OF COLLATERAL AND TERMINATION
  OF SECURITY INTEREST 

          Section
  2.1.      Grant of Security Interest. 

          1.     
  Company hereby pledges to the Secured Party and creates in the Secured Party
  for its benefit a security interest for such time until the Obligations are
  paid in full, in and to all of in the property described in “Exhibit
  A” hereto, whether now existing or hereafter from time to time acquired
  (collectively, the “Pledged Property.”). 

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

          Section
  2.2.      Rights; Interests; Etc. 

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

                              (i)      the
  Company shall be entitled to exercise any and all rights pertaining to the Pledged
  Property or any part thereof for any purpose not inconsistent with the terms
  hereof; and 

                              (ii)      the
  Company shall be entitled to receive and retain any and all payments paid or
  made in respect of the Pledged Property. 

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

                              (i)     
  All rights of the Company to exercise the rights which it would otherwise be
  entitled to exercise pursuant to Section 2.2(a)(i) hereof and to receive payments
  which it would otherwise be authorized to receive and retain pursuant to Section
  2.2(a)(ii) hereof shall be suspended, and all such rights shall thereupon become
  vested in the Secured Party who shall thereupon have the sole right to exercise
  such rights and to receive and hold as Pledged Property such payments; provided,
  however, that if the Secured Party shall become entitled and shall elect
  to exercise its right to realize on the Pledged Property pursuant to Article
  5 hereof, then all cash sums received by the Secured Party, or held by Company
  for the benefit of the Secured Party and paid over pursuant to Section 2.2(b)(ii)
  hereof, shall be applied against any outstanding Obligations; and 

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

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

                    (c)      Each
  of the following events, subject to the lapse of applicable cure periods, shall
  constitute a default under this Agreement (each an “Event of Default”):

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

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

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

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

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ARTICLE 3. 

ATTORNEY-IN-FACT; PERFORMANCE 

          Section
  3.1.      Secured Party Appointed Attorney-In-Fact.

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

          Section
  3.2.      Secured Party May Perform. 

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

ARTICLE 4. 

REPRESENTATIONS AND WARRANTIES 

          Section
  4.1.      Authorization; Enforceability. 

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

          Section
  4.2.      Ownership of Pledged Property.

          The
  Company warrants and represents that it is the legal and beneficial owner of
  the Pledged Property free and clear of any lien, security interest, option or
  other charge or encumbrance except for the security interest created by this
  Agreement and for the Permitted Liens. For purposes hereof, “Permitted
  Liens” shall mean (i) liens for taxes or other governmental charges which
  are not yet delinquent or are being contested in good faith by appropriate proceedings,
  (ii) liens for carriers, contractors, warehousemen, mechanics, materialmen,
  laborers, employees, suppliers or other similar persons arising by operation
  of law and incurred in the ordinary course of business for sums not yet delinquent
  or being contested in good faith, (iii) liens relating to deposits made in the
  ordinary course of business in connection 

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with workers’ compensation, unemployment insurance and other
  types of social security or to secure the performance of leases, trade contracts
  or other similar agreements; and (iv) in the case of real property, any matters,
  restrictions, covenants, conditions, limitations, rights, rights of way, encumbrances,
  encroachments, reservations, easements, agreements and other matters of record,
  such state of facts of which an accurate survey or inspection of the property
  would reveal and do not materially interfere with the use or value of the property.

ARTICLE 5. 

DEFAULT; REMEDIES; SUBSTITUTE COLLATERAL 

          Section
  5.1.      Default and Remedies. 

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

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

          Section
  5.2.      Method of Realizing Upon the Pledged
  Property: Other Remedies. 

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

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

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

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

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

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

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

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

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

          Section
  5.3.      Proofs of Claim. 

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

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

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

6 

authorized by the Secured Party to make such payments to the
  Secured Party and, in the event that the Secured Party shall consent to the
  making of such payments directed to the Secured Party, to pay to the Secured
  Party any amounts for expenses due it hereunder. 

          Section
  5.4.      Duties Regarding Pledged Property.

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

ARTICLE 6. 

AFFIRMATIVE COVENANTS 

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

          Section
  6.1.      Existence, Properties, Etc. 

                    (a)      The
  Company shall do, or cause to be done, all things, or proceed with due diligence
  with any actions or courses of action, that may be reasonably necessary (i)
  to maintain Company’s due organization, valid existence and good standing
  under the laws of its state of incorporation, and (ii) to preserve and keep
  in full force and effect all qualifications, licenses and registrations in those
  jurisdictions in which the failure to do so could have a Material Adverse Effect
  (as defined below); and (b) the Company shall not do, or cause to be done, any
  act impairing the Company’s corporate power or authority (i) to carry on
  the Company’s business as now conducted, and (ii) to execute or deliver
  this Agreement or any other document delivered in connection herewith, including,
  without limitation, any UCC-1 Financing Statements required by the Secured Party
  to which it is or will be a party, or perform any of its obligations hereunder
  or thereunder. For purpose of this Agreement, the term “Material Adverse
  Effect” shall mean any material and adverse affect, whether individually
  or in the aggregate, upon (a) the Company’s assets, business, operations,
  properties or condition, financial or otherwise or results of operations of
  the Company, taken as a whole, excluding any change, event, circumstance or
  effect that is caused by changes in general economic conditions or changes generally
  affecting the industry in which the Company operates (provided that such changes
  do not affect the Company in a materially disproportionate manner); or (b) the
  Company’s ability to make payment as and when due of all or any part of
  the Obligations; or (c) the Pledged Property. 

          Section
  6.2      Accounts and Reports. 

          The
  Company shall maintain a standard system of accounting in accordance with generally
  accepted accounting principles consistently applied and provide, at its sole
  expense, to the Secured Party the following: 

                    (b)      as
  soon as available, a copy of any notice or other communication alleging any
  nonpayment or other material breach or default, or any foreclosure or other
  action respecting 

7 

any material portion of its assets and properties, received respecting
  any of the indebtedness of the Company in excess of $25,000 (other than the
  Obligations), or any demand or other request for payment under any guaranty,
  assumption, purchase agreement or similar agreement or arrangement respecting
  the indebtedness or obligations of others in excess of $25,000, including any
  received from any person acting on behalf of the Secured Party or beneficiary
  thereof, except for supplier requests in the normal course of business for payment
  of past due accounts payable invoices so long as such past due amounts do not
  exceed in the aggregate $50,000 at any time; and

                    (c)     
  within fifteen (15) days after the making of each submission or filing, a copy
  of any report, financial statement, notice or other document, whether periodic
  or otherwise, submitted to the shareholders of the Company, or submitted to
  or filed by the Company with any governmental authority involving or affecting
  (i) the Company that could have a Material Adverse Effect; (ii) the Obligations;
  or (iii) any part of the Pledged Property. 

          Section
  6.2.      Maintenance of Books and Records;
  Inspection. 

          The
  Company shall maintain its books, accounts and records in accordance with United
  States generally accepted accounting principles consistently applied, and permit
  the Secured Party, its officers and employees and any professionals designated
  by the Secured Party in writing, during business hours and upon reasonable notice
  to visit and inspect any of its properties (including but not limited to the
  Pledged Property), corporate books and financial records, and to discuss its
  accounts, affairs and finances with any employee, officer or director thereof.

          Section
  6.3.      Maintenance and Insurance. 

                    (a)      The
  Company shall maintain or cause to be maintained, at its own expense, all of
  its assets and properties in good working order and condition, making all necessary
  repairs thereto and renewals and replacements thereof. 

                    (b)      The
  Company shall maintain or cause to be maintained, at its own expense, insurance
  in form, substance and amounts (including deductibles), which the Company deems
  reasonably necessary to the Company’s business, (i) adequate to insure
  all assets and properties of the Company, which assets and properties are of
  a character usually insured by persons engaged in the same or similar business
  against loss or damage resulting from fire or other risks included in an extended
  coverage policy; (ii) against public liability and other tort claims that may
  be incurred by the Company; (iii) as may be required by the Transaction Documents
  and/or applicable law and (iv) as may be reasonably requested by Secured Party,
  all with adequate, financially sound and reputable insurers. 

          Section
  6.4.      Contracts and Other Collateral.

          The
  Company shall perform all of its obligations under or with respect to each instrument,
  receivable, contract and other intangible included in the Pledged Property to
  which the Company is now or hereafter will be party on a timely basis and in
  the manner therein required, including, without limitation, this Agreement.

8 

          Section
  6.5.      Defense of Collateral, Etc. 

          The
  Company shall defend and enforce its right, title and interest in and to any
  part of: (a) the Pledged Property; and (b) if not included within the Pledged
  Property, those assets and properties whose loss could have a Material Adverse
  Effect, the Company shall defend the Secured Party’s right, title and interest
  in and to each and every part of the Pledged Property, each against all manner
  of claims and demands on a timely basis to the full extent permitted by applicable
  law. 

          Section
  6.6.      Payment of Debts, Taxes, Etc.

          The
  Company shall pay, or cause to be paid, all of its indebtedness and other liabilities
  and perform, or cause to be performed, all of its obligations in accordance
  with the respective terms thereof, and pay and discharge, or cause to be paid
  or discharged, all taxes, assessments and other governmental charges and levies
  imposed upon it (other than those being contested by the Company in good faith),
  upon any of its assets and properties on or before the last day on which the
  same may be paid without penalty, as well as pay all other lawful claims (whether
  for services, labor, materials, supplies or otherwise) as and when due 

          Section
  6.7.      Taxes and Assessments; Tax Indemnity.

          The
  Company shall (a) file all tax returns and appropriate schedules thereto that
  are required to be filed under applicable law, prior to the date of delinquency,
  (b) pay and discharge all taxes, assessments and governmental charges or levies
  imposed upon the Company, upon its income and profits or upon any properties
  belonging to it, prior to the date on which penalties attach thereto, and (c)
  pay all taxes, assessments and governmental charges or levies that, if unpaid,
  might become a lien or charge upon any of its properties; provided, however,
  that the Company in good faith may contest any such tax, assessment, governmental
  charge or levy described in the foregoing clauses (b) and (c) so long as appropriate
  reserves are maintained with respect thereto.

          Section
  6.8.      Compliance with Law and Other Agreements.

          The
  Company shall maintain its business operations and property owned or used in
  connection therewith in compliance with (a) all applicable federal, state and
  local laws, regulations and ordinances governing such business operations and
  the use and ownership of such property, and (b) all agreements, licenses, franchises,
  indentures and mortgages to which the Company is a party or by which the Company
  or any of its properties is bound. Without limiting the foregoing, the Company
  shall pay all of its indebtedness promptly in accordance with the terms thereof.

          Section
  6.9.      Notice of Default.

          The
  Company shall give written notice to the Secured Party of the occurrence of
  any default or Event of Default under this Agreement or the Transaction Documents,
  promptly upon the occurrence thereof. 

9 

          Section
  6.10.      Notice of Litigation. 

          The
  Company shall give notice, in writing, to the Secured Party of (a) any actions,
  suits or proceedings wherein the amount at issue is in excess of $50,000, instituted
  by any persons against the Company, or affecting any of the assets of the Company,
  and (b) any dispute, not resolved within fifteen (15) days of the commencement
  thereof, between the Company on the one hand and any governmental or regulatory
  body on the other hand, which might reasonably be expected to have a Material
  Adverse Effect on the business operations or financial condition of the Company.

ARTICLE 7. 

NEGATIVE COVENANTS 

          The
  Company covenants and agrees that, from the date hereof until the Obligations
  have been fully paid and satisfied, the Company shall not, unless the Secured
  Party shall consent otherwise in writing: 

          Section
  7.1.      Indebtedness. 

          Other
  than in the ordinary course of business consistent with past practice, the Company
  shall not directly or indirectly permit, create, incur, assume, permit to exist,
  increase, renew or extend on or after the date hereof any indebtedness on its
  part, including commitments, contingencies and credit availabilities, or apply
  for or offer or agree to do any of the foregoing. 

          Section
  7.2.      Liens and Encumbrances. 

          Except
  for Permitted Liens and for transfers in the ordinary course of business, and
  except for such assignment, transfer, pledge, mortgage, security interest or
  other lien or encumbrance as is outstanding on the date of this Agreement, the
  Company shall not directly or indirectly make, create, incur, assume or permit
  to exist any assignment, transfer, pledge, mortgage, security interest or other
  lien or encumbrance of any nature in, to or against any part of the Pledged
  Property or of the Company’s capital stock, or offer or agree to do so,
  or own or acquire or agree to acquire any asset or property of any character
  subject to any of the foregoing encumbrances (including any conditional sale
  contract or other title retention agreement), or assign, pledge or in any way
  transfer or encumber its right to receive any income or other distribution or
  proceeds from any part of the Pledged Property; or enter into any sale-leaseback
  financing respecting any part of the Pledged Property as lessee, or cause or
  assist the inception or continuation of any of the foregoing. 

10 

          Section
  7.3.      Certificate of Incorporation, By-Laws,
  Mergers, Consolidations, Acquisitions and Sales, Sales of Capital Stock,
  Incurrence of Debt. 

          Other
  than in the ordinary course of business, without the prior express written consent
  of the Secured Party, the Company shall not: (a) Amend its Articles of Incorporation
  or ByLaws; (b) issue or sell its common stock without consideration or for a
  consideration per share less than the bid price of the common stock determined
  immediately prior to its issuance, (c) issue or sell any Preferred Stock, warrant,
  option, right, contract, call, or other security or instrument granting the
  holder thereof the right to acquire Common Stock without consideration or for
  a consideration per share less than such Common Stock’s bid price value
  determined immediately prior to its issuance, (d) incur any additional debt
  or permit any subsidiary of the Company to incur any additional debt without
  the Secured Party’s prior written consent.; (c) be a party to any merger,
  consolidation or corporate reorganization, (d) purchase or otherwise acquire
  all or substantially all of the assets or stock of, or any partnership or joint
  venture interest in, any other person, firm or entity, (e) sell, transfer, convey,
  grant a security interest in (except for Permitted Liens) or lease all or any
  substantial part of its assets, nor (f) create any new subsidiaries nor convey
  any of its assets to any subsidiary. 

          Section
  7.4.      Management, Ownership. 

          The
  Company shall not materially change its ownership, executive staff or management
  without the prior written consent of the Secured Party. The ownership, executive
  staff and management of the Company are material factors in the Secured Party's
  willingness to institute and maintain a lending relationship with the Company.

          Section
  7.5.      Dividends, Etc. 

          The
  Company shall not declare or pay any dividend of any kind, in cash or in property,
  on any class of its capital stock, nor purchase, redeem, retire or otherwise
  acquire for value any shares of such stock, nor make any distribution of any
  kind in respect thereof, nor make any return of capital to shareholders, nor
  make any payments in respect of any pension, profit sharing, retirement, stock
  option, stock bonus, incentive compensation or similar plan (except as required
  or permitted hereunder), without the prior written consent of the Secured Party.

          Section
  7.6.      Guaranties; Loans. 

          Other
  than in the ordinary course of business, and except for such guarantees or liabilities
  as are outstanding on the date of this Agreement, the Company shall not guarantee
  nor be liable in any manner, whether directly or indirectly, or become contingently
  liable after the date of this Agreement in connection with the obligations or
  indebtedness of any person or persons, except for (i) the indebtedness currently
  secured by the liens identified on the Pledged Property identified on Exhibit
  A hereto and (ii) the endorsement of negotiable instruments payable to the Company
  for deposit or collection in the ordinary course of business. The Company shall
  not make any loan, advance or extension of credit to any person other than in
  the normal course of its business. 

11 

          Section
  7.7.      Debt. 

          Other
  than in the ordinary course of business, and except for such indebtedness as
  is outstanding on the date of this Agreement, without the prior written approval
  of Secured Party, the Company shall not create, incur, assume or suffer to exist
  any additional indebtedness of any description whatsoever in an aggregate amount
  in excess of $50,000 (excluding any indebtedness of the Company to the Secured
  Party, trade accounts payable and accrued expenses incurred in the ordinary
  course of business and the endorsement of negotiable instruments payable to
  the Company, respectively for deposit or collection in the ordinary course of
  business). 

          Section
  7.8.      Conduct of Business. 

          The
  Company will continue to engage in a business of the general type as conducted
  by it on the date of this Agreement. 

          Section
  7.9.      Places of Business. 

          The
  location of the Company’s chief place of business is at the address set
  forth in Section 8.1 hereof. The Company shall not change the location of its
  chief place of business, chief executive office or any place of business disclosed
  to the Secured Party or move any of the Pledged Property from its current location
  without thirty (30) days' prior written notice to the Secured Party in each
  instance.

ARTICLE 8. 

MISCELLANEOUS 

          Section
  8.1.      Notices. 

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

	 	If to the Secured Party: 	Trafalgar Capital Specialized Investment Fund 
	 	  	8-10 Rue Mathias Hardt 
	 	  	BP 3023 
	 	 	L-1030 Luxembourg 
	 	  	Attention: Andrew Garai, Chairman of the Board
      of 
	 	  	Trafalgar Capital Sarl, General Partner 
	 	  	Facsimile:          
      011-44-207-405-0161 and 
	 	  	                           
      001-786-323-1651 

12 

	 	With a copy to: 	James G. Dodrill II, P.A. 
	 	 	5800 Hamilton Way 
	 	  	Boca Raton, FL 33496 
	 	  	Attention:         James
      Dodrill, Esq. 
	 	  	Telephone:      
      (561) 862-0529 
	 	  	Facsimile:         
      (561) 892-7787 
	 	  	 
	 	  	 
	 	And if to the Company: 	MobiVentures, Inc. 
	 	  	Sunnyside 
	 	  	Brinkworth 
	 	  	Chippenham 
	 	  	Wiltshire 
	 	  	SN15 5BY 
	 	  	England 
	 	  	Attention: Mr. Peter Åhman, President 
	 	  	Telephone: +358 40 5514177 
	 	  	Facsimile: +44 8452 991729 
	 	  	 
	 	  	 
	 	With a copy to: 	Lang Michener LLP 
	 	  	Royal Centre, 1055 West Georgia Stree, Suite 1500
    
	 	  	PO Box 11117 
	 	  	Vancouver, VC Canada V6E 4N7 
	 	  	Attention: Michael H. Taylor 
	 	  	Telephone: 604-691-7410 
	 	  	Facsimile: 604-893-2669 

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

          Section
  8.2.      Severability. 

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

          Section
  8.3.      Expenses. 

          In
  the event of an Event of Default, the Company will pay to the Secured Party
  the amount of any and all reasonable expenses, including the reasonable fees
  and expenses of its counsel, which the Secured Party may incur in connection
  with: (i) the custody or preservation of, or the sale, collection from, or other
  realization upon, any of the Pledged Property; (ii) the 

13 

exercise or enforcement of any of the rights of the Secured Party
  hereunder or (iii) the failure by the Company to perform or observe any of the
  provisions hereof. 

          Section
  8.4.      Waivers, Amendments, Etc. 

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

          Section
  8.5.      Continuing Security Interest.

          This
  Agreement shall create a continuing security interest in the Pledged Property
  and shall: (i) remain in full force and effect until payment in full of the
  Obligations (whether by payment of cash, redemption or conversion); and (ii)
  be binding upon the Company and its successors and heirs and (iii) inure to
  the benefit of the Secured Party and its successors and assigns. Upon the payment
  or satisfaction in full of the Obligations, the Company shall be entitled to
  the return, at its expense, of such of the Pledged Property as shall not have
  been sold in accordance with Section 5.2 hereof or otherwise applied pursuant
  to the terms hereof. Upon payment in full of all Obligations, the Secured Party
  shall execute and deliver to the Company all instruments and other documents
  as may be necessary or proper to release the lien on and security interest in
  the Pledged Property which has been granted hereunder. 

          Section
  8.6.      Independent Representation. 

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

          Section
  8.7.      Applicable Law: Jurisdiction.

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

14 

          Section
  8.8.      Waiver of Jury Trial. 

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

          Section
  8.9.      Entire Agreement. 

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

          Section
  8.10      Limited One Time Right to Factor Receivables.

          
  The Company shall have the ability to factor the receivables of Pure Promoter
  Ltd as a one time factoring arrangement during the period of this agreement.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

15 

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

COMPANY: 

  MOBI VENTURES, INC. 

By:         
  /s/ Peter Åhman  

  Name:    Peter Åhman 

  Title:      President

SECURED PARTY: 

  TRAFALGAR CAPITAL SPECIALIZED 

  INVESTMENT FUND, LUXEMBOURG 

  By:         Trafalgar Capital Sarl 

  Its:         General Partner 

By:         __________________________________________________

  Name: 

  Title:      Portfolio Manager 

16 

EXHIBIT A 

DEFINITION OF PLEDGED PROPERTY 

          For
  the purpose of securing prompt and complete payment and performance by the Company
  of all of the Obligations, the Company unconditionally and irrevocably hereby
  grants to the Secured Party a continuing security interest in and to, and lien
  upon, all of the Company’s and its current or future acquired subsidiaries’
  assets, including specifically the following Pledged Property of the Company
  and its current or future acquired subsidiaries: 

                    (a)     
  all goods of the Company, including, without limitation, machinery, equipment,
  furniture, furnishings, fixtures, signs, lights, tools, parts, supplies and
  motor vehicles of every kind and description, now or hereafter owned by the
  Company or in which the Company may have or may hereafter acquire any interest,
  and all replacements, additions, accessions, substitutions and proceeds thereof,
  arising from the sale or disposition thereof, and where applicable, the proceeds
  of insurance and of any tort claims involving any of the foregoing; 

                    (b)     
  all inventory of the Company, including, but not limited to, all goods, wares,
  merchandise, parts, supplies, finished products, other tangible personal property,
  including such inventory as is temporarily out of Company’s custody or
  possession and including any returns upon any accounts or other proceeds, including
  insurance proceeds, resulting from the sale or disposition of any of the foregoing;

                    (c)      all
  contract rights and general intangibles of the Company, including, without limitation,
  goodwill, trademarks, trade styles, trade names, leasehold interests, partnership
  or joint venture interests, patents and patent applications, copyrights, deposit
  accounts whether now owned or hereafter created; 

                    (d)     
  all documents, warehouse receipts, instruments and chattel paper of the Company
  whether now owned or hereafter created; 

                    (e)      subject
  to 8.10 of the Security Agreement, all accounts and other receivables, instruments
  or other forms of obligations and rights to payment of the Company (herein collectively
  referred to as “Accounts”), together with the proceeds thereof,
  all goods represented by such Accounts and all such goods that may be returned
  by the Company’s customers, and all proceeds of any insurance thereon,
  and all guarantees, securities and liens which the Company may hold for the
  payment of any such Accounts including, without limitation, all rights of stoppage
  in transit, replevin and reclamation and as an unpaid vendor and/or lienor,
  all of which the Company represents and warrants will be bona fide and existing
  obligations of its respective customers, arising out of the sale of goods by
  the Company in the ordinary course of business; 

                    (f)      to
  the extent assignable, all of the Company’s rights under all present and
  future authorizations, permits, licenses and franchises issued or granted in
  connection with the operations of any of its facilities; 

                    (g)      all
  products and proceeds (including, without limitation, insurance proceeds) from
  the above-described Pledged Property; and 

                    (h)      all
  equity interests, securities or other instruments in other companies, including,
  without limitation, any subsidiaries, investments or other entities (whether
  or not controlled).

A-1Filed by Automated Filing Services Inc. (604) 609-0244 - Mobiventures, Inc. - Exhibit 10.36

PLEDGE AGREEMENT 

          THIS
  PLEDGE AGREEMENT (the “Agreement”) is made and entered
  into as of March 31, 2008 (the “Effective Date”) by and among
  MOBI VENTURES, INC., a corporation organized and existing under the laws
  of Nevada (the “Company” and the “Pledgor”), TRAFALGAR
  CAPITAL SPECIALIZED INVESTMENT FUND, LUXEMBOURG, (the “Pledgee”),
  and JAMES G. DODRILL II, P.A., as escrow agent (“Escrow Agent”).

RECITALS: 

          WHEREAS,
  in order to secure the full and prompt payment when due (whether at the
  stated maturity, by acceleration or otherwise) of all of the Company’s
  obligations (the “Obligations”) to the Pledgee or any successor
  to the Pledgee under this Agreement, the Securities Purchase Agreement of even
  date herewith between the Pledgor and the Pledgee (the “Securities Purchase
  Agreement”), the Convertible Redeemable Debentures (the “Convertible
  Redeemable Debentures”) issued or to be issued by the Company to the
  Pledgee, either now or in the future, up to a total of Two Million Dollars ($2,000,000)
  of principal, plus any interest, costs, fees, and other amounts owed to the
  Pledgee thereunder, the Security Agreement of even date herewith between the
  Pledgor and the Pledgee (the “Security Agreement”), and all
  other contracts entered into between the parties hereto (collectively, the “Transaction
  Documents”), the Pledgor has agreed to irrevocably pledge to the Pledgee
  Six Million Dollars ($6,000,000) of the Pledgor’s common stock with each
  share valued at the Conversion Price as defined in the Convertible Redeemable
  Debentures (the “Pledged Shares”).

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

TERMS AND CONDITIONS

     1. Pledge and Transfer
  of Pledged Shares.

               1.1.
  The Pledgor hereby grants to Pledgee a security interest in all Pledged Shares
  as security for the Company’s obligations under the Convertible Redeemable
  Debentures. Prior to disbursement of proceeds to the Company, the Pledgor shall
  deliver to the Escrow Agent stock certificates representing the Pledged Shares,
  in such denominations as requested by the Pledgee, together with duly executed
  stock powers or other appropriate transfer documents executed in blank by the
  Pledgor (the “Transfer Documents”), and such stock certificates
  and Transfer Documents shall be held by the Escrow Agent until the full payment
  of all amounts due to the Pledgee under the Convertible Redeemable Debentures
  and through repayment in accordance with the terms of the Convertible Redeemable
  Debentures, or the termination or expiration of this Agreement.

          2.
  Rights Relating to Pledged Shares. Upon the occurrence of
  an Event of Default (as defined herein), the Pledgee shall be entitled to vote
  the Pledged Shares, to receive dividends and other distributions thereon, and
  to enjoy all other rights and privileges incident to the ownership of the Pledged
  Shares.

          3.
  Release of Pledged Shares from Pledge. Upon the payment of
  all amounts due to the Pledgee under the Convertible Redeemable Debentures by
  repayment in accordance with the terms of the Convertible Redeemable Debentures,
  the parties hereto shall notify the Escrow Agent to such effect in writing.
  Upon receipt of such written notice for payment of the amounts due to the Pledgee
  under the Convertible Redeemable Debentures, the Escrow Agent shall return to
  the Pledgor the Transfer Documents and the certificates representing the Pledged
  Shares, (collectively the “Pledged Materials”), whereupon any
  and all rights of Pledgee in the Pledged Materials shall be terminated. Notwithstanding
  anything to the contrary contained herein, upon full payment of all amounts
  due to the Pledgee under the Convertible Redeemable Debentures, by repayment
  in accordance with the terms of the Convertible Redeemable Debentures, this
  Agreement and Pledgee’s security interest and rights in and to the Pledged
  Shares shall terminate.

          4.
  Event of Default. An “Event of Default” shall
  be deemed to have occurred under this Agreement upon an Event of Default under
  the Transaction Documents.

          5.
  Remedies. Upon and anytime after the occurrence of an Event
  of Default, the Pledgee shall have the right to provide written notice of such
  Event of Default (the “Default Notice”) to the Escrow Agent,
  with a copy to the Pledgor. As soon as practicable after receipt of the Default
  Notice, the Escrow Agent shall deliver to Pledgee the Pledged Materials held
  by the Escrow Agent hereunder. Upon receipt of the Pledged Materials, the Pledgee
  shall have the right to (i) sell the Pledged Shares and to apply the proceeds
  of such sales, net of any selling commissions, to the Obligations owed to the
  Pledgee by the Pledgor under the Transaction Documents, including, without limitation,
  outstanding principal, interest, legal fees, and any other amounts owed to the
  Pledgee, and exercise all other rights and (ii) any and all remedies of a secured
  party with respect to such property as may be available under the Uniform Commercial
  Code as in effect in the State of Nevada. To the extent that the net proceeds
  received by the Pledgee are insufficient to satisfy the Obligations in full,
  the Pledgee shall be entitled to a deficiency judgment against the Pledgor for
  such amount. The Pledgee shall have the absolute right to sell or dispose of
  the Pledged Shares in any manner it sees fit and shall have no liability to
  the Pledgor or any other party for selling or disposing of such Pledged Shares
  even if other methods of sales or dispositions would or allegedly would result
  in greater proceeds than the method actually used. The Escrow Agent shall have
  the absolute right to disburse the Pledged Shares to the Pledgee in batches
  not to exceed 9.9% of the outstanding capital of the Pledgor (which limit may
  be waived by the Pledgee providing not less than 65 days’ prior written
  notice to the Escrow Agent). The Pledgee shall return any Pledged Shares released
  to it and remaining after the Pledgee has applied the net proceeds to all amounts
  owed to the Pledgee.

               5.1.
  Each right, power and remedy of the Pledgee provided for in this Agreement or
  any other Transaction Document shall be cumulative and concurrent and shall
  be in addition to every other such right, power or remedy. The exercise or beginning
  of the exercise by the Pledgee of any one or more of the rights, powers or remedies
  provided for in this Agreement or any other Transaction Document or now or hereafter
  existing at law or in equity or by statute or otherwise shall not preclude the
  simultaneous or later exercise by the Pledgee of all such other rights, powers
  or remedies, and no failure or delay on the part of the Pledgee to exercise
  any such right, power or remedy shall operate as a waiver thereof. No notice
  to or demand on the Pledgor in any case shall entitle it to any other or further
  notice or demand in similar or other circumstances or constitute a waiver of
  any of the rights of the Pledgee to any other further action in any circumstances
  without demand or notice. The Pledgee shall have the full power to enforce or
  to assign or contract is rights under this Agreement to a third party.

          6.
  Concerning the Escrow Agent.

               6.1.
  The Escrow Agent undertakes to perform only such duties as are expressly set
  forth herein and no implied duties or obligations shall be read into this Agreement
  against the Escrow Agent.

               6.2.
  The Escrow Agent may act in reliance upon any writing or instrument or signature
  which it, in good faith, believes to be genuine, may assume the validity and
  accuracy of any statement or assertion contained in such a writing or instrument,
  and may assume that any person purporting to give any writing, notice, advice
  or instructions in connection with the provisions hereof has been duly authorized
  to do so. The Escrow Agent shall not be liable in any manner for the sufficiency
  or correctness as to form, manner, and execution, or validity of any instrument
  deposited in this escrow, nor as to the identity, authority, or right of any
  person executing the same; and its duties hereunder shall be limited to the
  safekeeping of such certificates, monies, instruments, or other document received
  by it as such escrow holder, and for the disposition of the same in accordance
  with the written instruments accepted by it in the escrow.

               6.3.
  Pledgee and the Pledgor hereby agree, to defend and indemnify the Escrow Agent
  and hold it harmless from any and all claims, liabilities, losses, actions,
  suits, or proceedings at law or in equity, or any other expenses, fees, or charges
  of any character or nature which it may incur or with which it may be threatened
  by reason of its acting as Escrow Agent under this Agreement; and in connection
  therewith, to indemnify the Escrow Agent against any and all expenses, including
  attorneys’ fees and costs of defending any action, suit, or proceeding
  or resisting any claim (and any costs incurred by the Escrow Agent pursuant
  to Sections 6.4 or 6.5 hereof). The Escrow Agent shall be vested with a lien
  on all property deposited hereunder, for indemnification of attorneys’
  fees and court costs regarding any suit, proceeding or otherwise, or any other
  expenses, fees, or charges of any character or nature, which may be incurred
  by the Escrow Agent by reason of disputes arising between the makers of this
  escrow as to the correct interpretation of this Agreement and instructions given
  to the Escrow Agent hereunder, or otherwise, with the right of the Escrow Agent,
  regardless of the instructions aforesaid, to 

hold said property until and unless said additional expenses,
  fees, and charges shall be fully paid. Any fees and costs charged by the Escrow
  Agent for serving hereunder shall be paid by the Pledgor.

               6.4.
  If any of the parties shall be in disagreement about the interpretation of this
  Agreement, or about the rights and obligations, or the propriety of any action
  contemplated by the Escrow Agent hereunder, the Escrow Agent may, at its sole
  discretion deposit the Pledged Materials with the Clerk of the United States
  District Court Southern District of Florida, sitting in Miami, Florida, and,
  upon notifying all parties concerned of such action, all liability on the part
  of the Escrow Agent shall fully cease and terminate. The Escrow Agent shall
  be indemnified by the Pledgor, the Company and Pledgee for all costs, including
  reasonable attorneys’ fees in connection with the aforesaid proceeding,
  and shall be fully protected in suspending all or a part of its activities under
  this Agreement until a final decision or other settlement in the proceeding
  is received.

               6.5.
  The Escrow Agent may consult with counsel of its own choice (and the costs of
  such counsel shall be paid by the Pledgor and Pledgee) and shall have full and
  complete authorization and protection for any action taken or suffered by it
  hereunder in good faith and in accordance with the opinion of such counsel.
  The Escrow Agent shall not be liable for any mistakes of fact or error of judgment,
  or for any actions or omissions of any kind, unless caused by its willful misconduct
  or gross negligence.

               6.6.
  The Escrow Agent may resign upon ten (10) days’ written notice to the parties
  in this Agreement. If a successor Escrow Agent is not appointed within this
  ten (10) day period, the Escrow Agent may petition a court of competent jurisdiction
  to name a successor.

               6.7
  Conflict Waiver. The Pledgor hereby acknowledges that the Escrow
  Agent is securities counsel to the Pledgee and counsel to the Pledgee in connection
  with the transactions contemplated and referred herein. The Pledgor agrees that
  in the event of any dispute arising in connection with this Agreement or otherwise
  in connection with any transaction or agreement contemplated and referred herein,
  the Escrow Agent shall be permitted to continue to represent the Pledgee and
  the Pledgor will not seek to disqualify such counsel and waives any objection
  Pledgor might have with respect to the Escrow Agent acting as the Escrow Agent
  pursuant to this Agreement.

               6.8
  Notices. Unless otherwise provided herein, all demands,
  notices, consents, service of process, requests and other communications hereunder
  shall be in writing and shall be delivered in person or by overnight courier
  service, or mailed by certified mail, return receipt requested, addressed:

	 	If to the Pledgor, to: 	MobiVentures, Inc. 
	 	  	Sunnyside 
	 	  	Brinkworth 

	 	  	Chippenham 
	 	  	Wiltshire 
	 	  	SN15 5BY 
	 	  	England 
	 	  	Attention: Mr. Peter Åhman, President 
	 	  	Telephone: +358 40 5514177 
	 	  	Facsimile: +44 8452 991729 
	 	  	  
	 	  	  
	 	With a copy to: 	Lang Michener LLP 
	 	  	Royal Centre, 1055 West Georgia Stree, Suite 1500
    
	 	  	PO Box 11117 
	 	  	Vancouver, VC Canada V6E 4N7 
	 	  	Attention: Michael H. Taylor 
	 	  	Telephone: 604-691-7410 
	 	  	Facsimile: 604-893-2669 
	 	  	  
	 	If to the Pledgee: 	Trafalgar Capital Specialized 
	 	  	Investment Fund, Luxembourg 
	 	  	8-10 Rue Mathias Hardt 
	 	  	BP 3023 
	 	  	L-1030 Luxembourg
	 	  	Attention: Andrew Garai, Chairman of the Board
      of 
	 	  	Trafalgar Capital Sarl, the General Partner 
	 	  	Facsimile: 011-44-207-405-0161 
	 	  	and 001-786-323-1651 
	 	  	
	 	With copy to: 	James G. Dodrill II, P.A. 
	 	 	5800 Hamilton Way 
	 	  	Boca Raton, FL 33496 
	 	  	Telephone: (561) 862-0529 
	 	  	Facsimile: (561) 892-7787 

Any such notice shall be effective (a) when delivered, if delivered
  by hand delivery or overnight courier service, or (b) five (5) days after deposit
  in the United States mail, as applicable.

          7.
  Binding Effect. All of the covenants and obligations contained
  herein shall be binding upon and shall inure to the benefit of the respective
  parties, their successors and assigns.

          8.
  Governing Law; Venue; Service of Process. The validity, interpretation
  and performance of this Agreement shall be determined in accordance with the
  laws of the State of Florida applicable to contracts made and to be performed
  wholly within that state except to the extent that Federal law applies. The
  parties hereto agree that any disputes, claims, disagreements, lawsuits, actions
  or controversies of any type or nature whatsoever 

that, directly or indirectly, arise from or relate to this Agreement,
  including, without limitation, claims relating to the inducement, construction,
  performance or termination of this Agreement, shall be brought in the state
  state courts located in Broward County, Florida or United States District Courts
  for the Southern District of Florida, and the parties hereto agree not to challenge
  the selection of that venue in any such proceeding for any reason, including,
  without limitation, on the grounds that such venue is an inconvenient forum.
  The parties hereto specifically agree that service of process may be made, and
  such service of process shall be effective if made, pursuant to Section 8 hereto.

          9.
  Enforcement Costs. If any legal action or other proceeding
  is brought for the enforcement of this Agreement, or because of an alleged dispute,
  breach, default or misrepresentation in connection with any provisions of this
  Agreement, the successful or prevailing party or parties shall be entitled to
  recover reasonable attorneys’ fees, court costs and all expenses even if
  not taxable as court costs (including, without limitation, all such fees, costs
  and expenses incident to appeals), incurred in that action or proceeding, in
  addition to any other relief to which such party or parties may be entitled.

          10.
  Remedies Cumulative. No remedy herein conferred upon
  any party is intended to be exclusive of any other remedy, and each and every
  such remedy shall be cumulative and shall be in addition to every other remedy
  given hereunder or now or hereafter existing at law, in equity, by statute,
  or otherwise. No single or partial exercise by any party of any right, power
  or remedy hereunder shall preclude any other or further exercise thereof.

          11.
  Counterparts. This Agreement may be executed in one
  or more counterparts, each of which shall be deemed an original, but all of
  which together shall constitute the same instrument.

          12.
  No Penalties. No provision of this Agreement is to
  be interpreted as a penalty upon any party to this Agreement.

          13.
  JURY TRIAL. EACH OF THE PLEDGEE AND THE PLEDGOR HEREBY KNOWINGLY,
  VOLUNTARILY AND INTENTIONALLY WAIVES THE RIGHT WHICH IT MAY HAVE TO A TRIAL
  BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION BASED HEREON, OR ARISING
  OUT OF, UNDER OR IN ANY WAY CONNECTED WITH THE DEALINGS BETWEEN PLEDGEE AND
  PLEDGOR, THIS PLEDGE AND ESCROW AGREEMENT OR ANY DOCUMENT EXECUTED IN CONNECTION
  HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL
  OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO OR THERETO IN EACH CASE WHETHER NOW
  EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE.

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

MOBI VENTURES, INC. 

By:        /s/
  Peter Åhman    

  Name:   Peter Åhman 

  Title:     President

TRAFALGAR CAPITAL SPECIALIZED 

  INVESTMENT FUND, LUXEMBOURG 

By:        Trafalgar Capital
  Sarl 

  Its:        General Partner 

By: ________________________________________________

  Name:   Andrew Garai 

  Title:      Chairman of the Board 

JAMES G. DODRILL II, P.A. 

By: ________________________________________________

  Name:   James Dodrill, Esq. 

  Title:     President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]