Document:

Exhibit
4.4

VUBOTICS,
INC.

REGISTRATION
RIGHTS AGREEMENT

This REGISTRATION RIGHTS AGREEMENT is made as of
August 28, 2007, by and among VUBOTICS, INC.,
a Georgia corporation (the “Company”),
with headquarters located at 235 Peachtree Street NE, Suite 1725, Atlanta,
Georgia 30303, and the purchasers (collectively, the “Purchasers” and each a “Purchaser”)
who are parties to that certain Securities Purchase Agreement dated as of
August 28, 2007 (the “Purchase Agreement”),
with regard to the following:

RECITALS

WHEREAS,
the Company and the Purchasers are parties to the Purchase Agreement;

WHEREAS,
as a condition of the obligations of, and an inducement to, the parties to
consummate the purchase by the Purchasers of the Notes and Warrants (each as
defined in the Purchase Agreement), contemplated by the Purchase Agreement,
this Agreement will be executed and delivered;

NOW,
THEREFORE, in consideration of their respective promises
contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and Purchasers hereby
agree as follows:

Any capitalized
terms not defined herein will have the meaning set forth in the Purchase
Agreement.

ARTICLE I

COMPLIANCE
WITH THE SECURITIES ACT; REGISTRATION OF SHARES

Section
1.1                   Registration Procedures and
Expenses.  The Company will:

1.1.1                     subject to receipt of necessary information
from each Purchaser, including all information set forth in Schedule 1 attached hereto, if but only if the Company
receives a minimum of $800,000 in cumulative Subscription Price from the sale
of Notes and Warrants to all Purchasers, use commercially reasonable efforts to
prepare and file with the SEC, within the later of (i) sixty (60) days after
the Closing of at least $800,000 in cumulative Subscription Price in Notes and
Warrants for all Purchasers (the “Threshold
Closing”) and (ii) thirty
(30) days after earlier of (A) the Closing of at least $2,000,000 in cumulative
Subscription Price in Notes and Warrants for all Purchasers or (B) sixty (60)
days after the Threshold Closing if the Company has not given written notice in
good faith to each Purchaser within thirty (30) days after the Threshold
Closing that the Company is, at the time of such notice, involved in active
negotiations with one or more additional investors to sell Notes and Warrants
to such investors,

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but in no case shall the
date of the filing deadline be later than November 30, 2007 (the “Filing Date Deadline”), a registration statement (the “Registration Statement”) on Form SB-2 (or, if Form SB-2 is not then
available to the Company, on such appropriate form as is then available to the
Company) to enable the resale of as many as practicable of the Common Stock and
the Common Stock issuable upon 
conversion of the Notes and exercise of all of the Warrants by the
Purchasers and the placements agents under the Purchase Agreement on a delayed
or continuous basis under Rule 415 of the Securities Act until the earlier of:
(1) the date on which all such shares have been resold or otherwise transferred
pursuant to the Registration Statement; (2) the date on which all such shares
are transferred in compliance with Rule 144 under the Securities Act or may be
sold or transferred pursuant to Rule 144 under the Securities Act (or any other
similar provisions then in force) without any volume or manner of sale
restrictions thereunder (the “Rule
144 Eligibility Date”); or
(3) the date on which all such shares cease to be outstanding (whether as a
result of redemption, repurchase and cancellation or otherwise); provided,
however, that, the Company will not be liable to the Purchasers or placement
agents for any liquidated damages for any Effectiveness Failure pursuant to
Section 1.5 if (A) such Effectiveness Failure is solely the result of any delay
in effectiveness of the Registration Statement relating to the SEC’s not
permitting the registration under Rule 415 of the Securities Act of any number
of shares of Common Stock in excess of thirty percent (30%) of the Company’s
public float and (B) the Company is using its best efforts to promptly file an
amendment to the Registration Statement which would enable the registration of
up to thirty percent (30%) of the Company’s public float.  Prior to the filing of the Registration
Statement, the Company will furnish to each purchaser a copy of the “Selling
Shareholder” section of the Registration Statement and to one counsel for the
Purchasers (as designated by the Collateral Agent) a copy of the Registration
Statement, which documents will be subject to their review.  If the Company has not received any comments
thereto within three (3) days of delivery, then such documents will be deemed
approved by the relevant parties;

1.1.2                     use commercially reasonable efforts, subject
to receipt of necessary information from each Purchaser, including the
information set forth in Schedule
1 attached hereto, to cause
the Registration Statement to be declared effective under the Securities Act as
promptly as possible after the filing thereof but within 90 days after the date
on which the Company files the Registration Statement with the SEC (120 days if
the Registration Statement is reviewed by the SEC) (the “Effective Date Deadline”); provided, however, that if the Company is
notified by the SEC that the Registration Statement will not be reviewed or is
no longer subject to further review and comments, the Effective Date Deadline
will be the fifth OTC trading day following the date on which the Company is so
notified subject to any reasonable delay which Issuer and Issuer’s counsel in
their sole discretion deem necessary in connection with the disclosure of
material nonpublic information;

1.1.3                     use
commercially reasonable efforts to prepare and file with the SEC such
amendments and supplements to the Registration Statement and the prospectus, in
the form first filed with the Commission pursuant to Rule 424(b) of the
Regulations, or filed as part of the Registration Statement at the time of
effectiveness if no Rule 424(b) filing is required (the “Prospectus”) used in connection therewith
and take all such other actions as may be necessary to keep the Registration
Statement current and effective for a period (the ”Registration Period”) not exceeding, with
respect to the Purchasers’ Common Stock, the earlier of (i) the second
anniversary of the Final Closing (but with respect to Common Stock that are
issuable upon

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exercise of the Warrants,
the foregoing date will be the second anniversary of the date the related
Warrant was exercised), (ii) the Rule 144 Eligibility Date, and
(iii) such time as all Common Stock held by the Purchasers have been sold
(A) pursuant to a registration statement, (B) to or through a broker or dealer
or underwriter in a public distribution or a public securities transaction, or
(C) in a transaction exempt from the registration and prospectus delivery
requirements of the Securities Act under Section 4(1) thereof so that all
transfer restrictions and restrictive legends with respect thereto, if any, are
removed upon the consummation of such sale;

1.1.4                     promptly
furnish to each Purchaser with respect to the Common Stock registered under the
Registration Statement such reasonable number of copies of the Prospectus,
including any supplements to or amendments of the Prospectus, in order to
facilitate the public sale or other disposition of all or any of the Common
Stock by the Purchasers;

1.1.5                     promptly
take such action as may be necessary to qualify, or obtain, an exemption for
the Common Stock under such of the state securities laws of United States jurisdictions
as will be necessary to qualify, or obtain an exemption for, the sale of the
Common Stock in states specified in writing by the Purchasers; but the Company
will not be required to qualify to do business or consent to service of process
in any jurisdiction in which it is not now so qualified or has not so
consented;

1.1.6                     bear all
expenses actually incurred in connection with the registration of the Common
Stock pursuant to the Registration Statement, regardless of whether a
Registration Statement becomes effective, including without limitation: (i) all
registration and filing fees and expenses (including filings made with the
NASD); (ii) fees and expenses of compliance with federal securities and state “blue
sky” or securities laws; (iii) expenses of printing (including printing
certificates for the Common Stock and Prospectuses); and (iv) all fees and
disbursements of counsel of the Company and independent certified public
accountants of the Company; but each Purchaser will be responsible for paying
the fees and disbursements for such Purchaser’s respective counsel (with the
exception of those reasonable and necessary fees and expenses actually incurred
by one counsel for the Purchaser’s in connection with the review of the
Registration Statement), the underwriting commissions or brokerage fees, and
taxes of any kind (including, without limitation, transfer taxes) applicable to
any disposition, sale or transfer of such Purchaser’s Common Stock, and the
Company will, in any event, bear its internal expenses (including, without
limitation, all salaries and expenses of its officers and employees performing
legal or accounting duties); and

1.1.7                     advise
the Purchasers, within two (2) business days by e-mail, fax or other type of
communication, and, if requested by such person, confirm such advice in
writing: (i) after it will receive notice or obtain knowledge of the issuance
of any stop order by the SEC delaying or suspending the effectiveness of the
Registration Statement or of the initiation or threat of any proceeding for
that purpose, or any other order issued by any state securities commission or
other regulatory authority suspending the qualification or exemption from
qualification of such Common Stock under state securities or “blue sky” laws;
and it will promptly use its commercially reasonable efforts to prevent the
issuance of any stop order or other order or to obtain its withdrawal at the
earliest possible moment if such stop order or other order should be issued;
and (ii) when the Prospectus or any supplements to or amendments of the
Prospectus 

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have been filed, and,
with respect to the Registration Statement or any post-effective amendment
thereto, when the same has become effective.

1.1.8                     In the event of an underwritten offering of
Registrable (an “Underwritten
Offering”), the Company and
each participating Purchaser (each a “Participating Holder”),  will negotiate in good faith and enter into
reasonable and customary agreements (including underwriting agreements in
reasonable and customary form, which may include, in the case of an
underwritten offering on a firm commitment basis, customary “lock-up”
obligations) and take such other actions (including using its best efforts to
make such road show presentations (but in no event will the Company be required
to incur travel and lodging expenses in excess of $20,000 in connection with
all road shows attended by Company management in any twelve month period) and
otherwise engage in such reasonable marketing support in connection with any
such underwritten offering, including the obligation to make its executive
officers available for such purpose if so requested by the managing underwriter
for such offering) as are reasonably requested by the managing underwriter in
order to expedite or facilitate the sale of such Registrable Securities. The
representations, warranties and covenants of the Company in any underwriting
agreement which are made to or for the benefit of any underwriters, to the
extent applicable, will also be made to and for the benefit of the
Participating Holders. No Participating Holder will be required to make any
representations or warranties in the underwriting agreement except, if
applicable, with respect to such Participating Holder’s organization, good
standing, authority, title to Registrable Securities, lack of conflict of such
sale with such Participating Holder’s material agreements and organizational
documents, and, with respect to written information relating to such
Participating Holder, that such Participating Holder has furnished in writing
expressly for inclusion in such Registration Statement.

1.1.8.1           The Company will
make available for inspection by each Participating Holder, any underwriter
participating in any disposition pursuant to a Registration Statement, and any
attorney, accountant or other agent retained by such Participating Holder or
any such underwriter (collectively, the “Inspectors”),
all financial and other records, pertinent corporate documents and properties
of the Company and any of its subsidiaries (collectively, the “Records”) as will be reasonably necessary
to enable them to exercise their due diligence responsibility, and cause the
officers, directors and employees of the Company to supply all information
reasonably requested by any such Inspector in connection with such
registration.

1.1.8.2           The Company will, in connection with any registration of an
Underwritten Offering of Registrable Securities hereunder, use best efforts to
furnish to each Participating Holder and to the managing underwriter, if any, a
signed counterpart, addressed to such Participating Holder and the managing
underwriter, if any, of (a) an opinion or opinions of counsel to the Company
and (b) a comfort letter or comfort letters from the Company’s independent
public accountants pursuant to Statement on Auditing Standards No. 72 (or any
successor thereto), each in customary form and covering such matters of the
type customarily covered by opinions or comfort letters, as the case may be, as
each such Participating Holder and the managing underwriter, if any, reasonably
requests.

1.1.8.3           The Company will
not be obligated to effect (x) more than three (3) Registration Statements
pertaining to Underwritten Offerings 
within any 24 month period or 

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(y) a registration
Statement pertaining to an Underwritten Offering within 180 days after the
effective date of a Registration Statement relating to any other Underwritten
Offering.

Section
1.2                   Transfer of Shares; Suspension.

1.2.1                     No
Purchaser will effect any disposition of the Securities or its right to
purchase the Common Stock that would constitute a sale within the meaning of
the Securities Act, except as contemplated in the Registration Statement or in
accordance with the Securities Act, and each Purchaser will promptly notify the
Company of any changes in the information set forth in the Registration
Statement regarding such Purchaser or its plan of distribution.

1.2.2                     Except in
the event that clause 1.2.3 below applies, the Company will, at all times
during the Registration Period, promptly (i) prepare and file from time to
time with the SEC a post-effective amendment to the Registration Statement or a
supplement to the related Prospectus or a supplement or amendment to any
document incorporated therein by reference or file any other required document
so that such Registration Statement will not contain an untrue statement of a
material fact or omit to state a material fact necessary to make the statements
therein not misleading, and so that, as thereafter delivered to purchasers of
the Common Stock being sold thereunder, such Prospectus will not contain an
untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary to make the statements therein, in light of
the circumstances under which they were made, not misleading; (ii) provide
the Purchasers with copies of any documents filed pursuant to clause 1.2.2(i);
and (iii) inform the Purchasers that the Company has complied with its
obligations in Section 1.2.2(i) (or that, if the Company has filed a
post-effective amendment to the Registration Statement which has not yet been
declared effective, the Company will notify the Purchasers to that effect, will
use its commercially reasonable  efforts
to secure the effectiveness of such post-effective amendment as promptly as
possible and will promptly notify the Purchasers pursuant to
Section 1.2.2(iii) hereof when the amendment has become effective).

1.2.3                     Subject to
clause 1.2.4 below, in the event of (i) any request by the SEC or any
other federal or state governmental authority during the period of
effectiveness of the Registration Statement for amendments or supplements to a
Registration Statement or related Prospectus or for additional information,
(ii) the issuance by the SEC or any other federal or state governmental
authority of any stop order suspending the effectiveness of a Registration
Statement or the initiation of any proceedings for that purpose, (iii) the
receipt by the Company of any notification with respect to the suspension of the
qualification or exemption from qualification of any of the Common Stock for
sale in any jurisdiction or the initiation or threatening of any proceeding for
such purpose, or (iv) any event or circumstance which necessitates the making
of any changes in the Registration Statement or Prospectus, or any document
incorporated or deemed to be incorporated therein by reference, so that, in the
case of the Registration Statement, it will not contain any untrue statement of
a material fact or omit to state a material fact required to be stated therein
or necessary to make the statements therein not misleading, and that in the
case of the Prospectus, it will not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading,
then the Company will deliver a notice in writing to the Purchasers (the “Suspension Notice”) to the effect of the 

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foregoing and, upon
receipt of such Suspension Notice, the Purchasers will refrain from selling any
Common Stock pursuant to the Registration Statement (a “Suspension”) until the Purchasers’ receipt
of copies of a supplemented or amended Prospectus prepared and filed by the
Company, or until it is advised in writing by the Company that the current
Prospectus may be used. In the event of any Suspension, the Company will use
its commercially reasonable efforts, consistent with the best interests of the
Company and its shareholders, to cause the use of the Prospectus so suspended
to be resumed as soon as reasonably practicable after the delivery of a
Suspension Notice to the Purchasers.

1.2.4                     Notwithstanding
clause 1.2.3, the Company may on two occasions only suspend sales pursuant to
the Registration Statement for a period of up to thirty (30) days if the
Company furnishes to the holders of the Common Stock a certificate signed by
the Company’s Chief Executive Officer stating that in the good faith judgment
of the Company’s Board of Directors, (i) the offering would interfere in any
material respect with any acquisition, corporate reorganization or other
material transaction under consideration by the Company or (ii) there is some
other material development relating to the condition (financial or other) of the
Company that has not been disclosed to the general public and as to which it is
in the Company’s best interests not to disclose such development; but the
Company may not so suspend sales more than twice in any calendar year without
the written consent of the Collateral Agent.

1.2.5                     In the
event of a sale of Common Stock by any Purchaser under the Registration
Statement, such Purchaser must also deliver to the Company’s transfer agent,
with a copy to the Company, a Certificate of Subsequent Sale substantially in
the form attached hereto as Exhibit A, so that the Common Stock may be
properly transferred.

Section
1.3                   Indemnification.  For
the purpose of this Section 1.3, the term “Registration Statement” will include any preliminary or final prospectus, exhibit, supplement
or amendment included in or relating to the Registration Statement and the term
“Rules and Regulations” means the rules and regulations promulgated
under the Securities Act.

1.3.1                     Indemnification
by the Company.  The Company will
indemnify and hold harmless the Purchasers and each person, if any, who
controls the Purchasers within the meaning of the Securities Act, against any
losses, claims, damages, liabilities or expenses to which the Purchasers or
such controlling persons may become subject, under the Securities Act, the
Exchange Act, or any other federal or state statutory law or regulation insofar
as such losses, claims, damages, liabilities or expenses (or actions in respect
thereof as contemplated below) arise out of or are based upon (i) any untrue
statement or alleged untrue statement of any material fact contained in the
Registration Statement, including the Prospectus, financial statements and
schedules, and all other documents filed as a part thereof, as amended at the
time of effectiveness of the Registration Statement, including any information
deemed to be a part thereof as of the time of effectiveness pursuant to
paragraph (b) of Rule 430A, or pursuant to Rule 434 of the Rules and
Regulations, or the Prospectus or any amendment or supplement thereto, or (ii)
the omission or alleged omission to state in any of them a material fact
required to be stated therein or necessary to make the statements in any of
them (in the case of the Prospectus only, in light of the circumstances under
which they were made), not misleading, and will reimburse the Purchasers and
each such controlling person for any legal and other expenses as such expenses
are reasonably incurred by the Purchasers or such controlling persons in 

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connection with investigating,
defending, settling, compromising or paying any such loss, claim, damage,
liability, expense or action; but the Company will not be liable in any such
case to the extent that any such loss, claim, damage, liability or expense
arises out of or is based upon (i) an untrue statement or alleged untrue
statement or omission or alleged omission made in the Registration Statement,
the Prospectus or any amendment or supplement of the Registration Statement or
Prospectus in reliance upon and in conformity with information furnished to the
Company by or on behalf of the Purchasers expressly for use in the Registration
Statement or the Prospectus (each a “Purchaser
Misstatement”), or (ii) the failure of the Purchasers to comply with
the covenants and agreements contained in the Purchase Agreement or this
Agreement, or (iii) the inaccuracy of any representations made by any Purchaser
in this Agreement or (iv) any untrue statement or omission of a material fact
in any Prospectus that is corrected in any subsequent Prospectus that was
delivered to the Purchasers before the pertinent sale or sales by the
Purchasers.

1.3.2                     Indemnification
by a Purchaser.  The applicable
Purchaser will jointly and severally indemnify and hold harmless the Company,
each of its directors, each of its officers who sign the Registration Statement
and each person, if any, who controls the Company within the meaning of the
Securities Act, against any losses, claims, damages, liabilities or expenses to
which the Company, each of its directors, each of its officers who sign the
Registration Statement or controlling person may become subject, under the
Securities Act, the Exchange Act, or any other federal or state statutory law
or regulation insofar as such losses, claims, damages, liabilities or expenses
(or actions in respect thereof as contemplated below) arise out of or are based
upon the inaccuracy of any representation or warranty made by such Purchaser in
this Agreement, the Prospectus, or any amendment or supplement to the
Registration Statement or Prospectus, or the omission or alleged omission to
state therein a material fact required to be stated therein or necessary to
make the statements therein (in the case of the Prospectus only, in light of
the circumstances under which they were made), not misleading, in each case to
the extent, but only to the extent, that such untrue statement or alleged
untrue statement or omission or alleged omission was made in the Registration
Statement, the Prospectus, or any amendment or supplement thereto, in reliance
upon and in conformity with written information furnished to the Company by or
on behalf of such Purchaser expressly for use therein; and such Purchaser will
reimburse the Company, each of its directors, each of its officers who signed
the Registration Statement or controlling person for any legal and other
expense reasonably incurred by the Company, each of its directors, each of its
officers who signed the Registration Statement or controlling person in
connection with investigating, defending, settling, compromising or paying any
such loss, claim, damage, liability, expense or action for which such person is
entitled to be indemnified in accordance with this Section 1.3.2.

1.3.3                     Indemnification
Procedure.

1.3.3.1           Promptly after
receipt by an indemnified party under this Section 1.3 of notice of the threat
or commencement of any action, such indemnified party will, if a claim in
respect thereof is to be made against an indemnifying party under this Section
1.3, promptly notify the indemnifying party in writing of the claim; but the
omission so to notify the indemnifying party will not relieve it from any
liability which it may have to any indemnified 

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party for contribution or
otherwise under the indemnity agreement contained in this Section 1.3 except to
the extent it is materially prejudiced as a result of such failure.

1.3.3.2           In case any such
action is brought against any indemnified party and such indemnified party
seeks or intends to seek indemnity from an indemnifying party, the indemnifying
party will be entitled to participate in, and, to the extent that it may wish,
jointly with all other indemnifying parties similarly notified, to assume the
defense thereof; but if the defendants in any such action include both the
indemnified party and the indemnifying party and the indemnified party will
have reasonably concluded that there may be a conflict between the positions of
the indemnifying party and the indemnified party in conducting the defense of
any such action or that there may be legal defenses available to it or other
indemnified parties that are different from or additional to those available to
the indemnifying party, the indemnified party or parties will have the right to
select separate counsel to assume such legal defenses and to otherwise
participate in the defense of such action on behalf of such indemnified party
or parties.  Upon receipt of notice from
the indemnifying party to such indemnified party of its election so to assume
the defense of such action, the indemnifying party will not be liable to such
indemnified party under this Section 1.3 for any legal or other expenses
subsequently incurred by such indemnified party in connection with the defense
thereof unless:

(1)                                  the
indemnified party will have employed such counsel in connection with the
assumption of legal defenses in accordance with the proviso to the preceding
sentence (it being understood, however, that the indemnifying party will not be
liable for the expenses of more than one separate counsel, approved by such
indemnifying party representing all of the indemnified parties who are parties
to such action), or

(2)                                  the
indemnifying party will not have counsel reasonably satisfactory to the
indemnified party to represent the indemnified party within a reasonable time
after notice of commencement of action, in each of which cases the reasonable
fees and expenses of counsel will be at the expense of the indemnifying party.

1.3.4                     Contribution.

1.3.4.1           If a claim for
indemnification under this Section 1.3 is unavailable to an indemnified party
(by reason of public policy or otherwise), then each indemnifying party, in
lieu of indemnifying such indemnified party, will contribute to the amount paid
or payable by such indemnified party as a result of any losses, claims,
damages, liabilities or expenses referred to in this Agreement, in such
proportion as is appropriate to reflect the relative fault of the indemnifying
party and indemnified party in connection with the actions, statements or
omissions that resulted in such losses, claims, damages, liabilities or
expenses as well as any other relevant equitable considerations.  The relative fault of such indemnifying party
and indemnified party will be determined by reference to, among other things,
whether any action in question, including any untrue or alleged untrue
statement of a material fact or omission or alleged omission of a material
fact, has been taken or made by, or relates to information supplied by, such
indemnifying party or indemnified party, and the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such
action, statement or omission.  The
amount paid or payable by a party as a result of any losses, claims, damages,
liabilities or

 8
 

expenses will be deemed
to include, subject to the limitations set forth in this Section 1.3, any
reasonable attorneys’ or other reasonable fees or expenses incurred by such
party in connection with any proceeding to the extent such party would have
been indemnified for such fees or expenses if the indemnification provided for
in this Section was available to such party in accordance with its terms.

1.3.4.2           No party to this
Agreement guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) will be entitled to contribution from any other
party to this Agreement who was not guilty of such fraudulent
misrepresentation.

Section
1.4                   Termination of Conditions and
Obligations.  The restrictions imposed by Article I upon
the transferability of the Common Stock will cease and terminate as to any
particular number of the Common Stock upon the passage of two (2) years from
the Closing of the Purchase Agreement, but with respect to the Common Stock
that are issuable upon exercise of the Warrants, the foregoing date will be the
second anniversary of the date the relevant Warrant was exercised, or at such
time as an opinion of counsel satisfactory in form and substance to the Company
will have been rendered to the effect that such conditions are not necessary in
order to comply with the Securities Act.

Section 1.5                   Registration
Default. (a) If the Registration Statement covering  the 
Registrable Shares required to be filed by  the  Company
pursuant  to  Section 1.1 is not for any reason (other than
through the sole fault of one or more Purchaser(s) and/or one or more placement
agent(s)) either (i) filed on or prior to the Filing Date Deadline or (ii)
declared effective  by  the 
SEC  by  the Effective Date Deadline or (iii) if such
effectiveness is not continuously maintained or the Registration is suspended
(with the exception of a suspension as a result of the occurrence of such
events as set forth in Sections 1.2.3, 1.2.4 or 2.2 or to correct a Purchaser
Misstatement) (an “Unexcused Suspension”),
then the Company shall make the payments to each Purchaser as provided in the
next sentence as liquidated damages and not 
as a  penalty. The amount to be
paid by the Company to a Purchaser as “liquidated damages” shall  be determined as of each Computation Date (as
defined below), and such  amount shall be
equal to 1.5% (the “Liquidated Damage Rate”)
of such Purchaser’s Subscription Price, for the period from (x) in the case of
a failure to file the Registration Statement by the Filing Date Deadline (a “Filing Failure”), the day immediately following the Filing
Date Deadline to the first Computation Date with respect to a Filing Failure,
and for each 30-day period after a Computation Date with respect to a Filing
Date Deadline to the next successive Computation Date thereafter, (y) in the
case of a failure of the Registration Statement to be declared effective by the
SEC by the Effective Date Deadline (an “Effectiveness Failure”)
the period from the day immediately following the Effective Date Deadline to
the first Computation Date with respective to an Effectiveness Failure and for
each 30-day period after a Computation Date with respect to an Effectiveness
Failure to the next successive Computation Date with respect to such
Effectiveness Failure and (z) in the case of an Unexcused Suspension, the
period from the first day of such Unexcused Suspension to the first Computation
Date with respect to such Unexcused Suspension 
and for each 30-day period after a Computation Date with respect to such
Unexcused Suspension to the next successive Computation Date with respect to
such Unexcused Suspension.  In each case,
the liquidated damages shall be calculated on a pro rata basis to the date on
which the Registration Statement is filed or declared effective by the SEC or
in the case 

 9
 

of an Unexcused
Suspension, the first date the Unexcused Suspension is no longer in effect (the
“Periodic Amount”; provided,
however that in no event will the Company be required to make payments of
liquidated damages to any Purchaser pursuant to this Section 1.5 in excess of 18% of such Purchaser’s Subscription Price
(the “Liquidated Damages Cap”).  The full Periodic Amount shall be paid by the
Company in cash.

(b) As  used in Section 1.5(a), “Computation Date”
means such date which is 30  days  after either (i) the first date of Filing
Failure, (ii) the first date of such Effectiveness Failure or (iii) the first
date of an Unexcused Suspension, as the case may be, and each date which is 30
days after the previous applicable Computation Date until such Registration
Statement has been filed, declared effective or, the effectiveness of the
Registration Statement is no longer subject to an Unexcused Suspension, as the
case may be, and in each case subject to the Liquidated Damage Cap.

ARTICLE
II

MISCELLANEOUS

Section
2.1                   Governing Law; Forum; Jury Trial
Waiver.  THIS AGREEMENT IS GOVERNED BY GEORGIA
LAW.  FEDERAL AND STATE COURTS WITHIN THE
STATE OF GEORGIA WILL HAVE JURISDICTION OVER ALL DISPUTES BETWEEN AND AMONG THE
PARTIES HERETO ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE AGREEMENTS,
INSTRUMENTS AND DOCUMENTS CONTEMPLATED HEREBY. 
THE PARTIES HEREBY CONSENT TO, AND WAIVE ANY OBJECTIONS TO, PERSONAL
JURISDICTION AND VENUE IN SUCH COURTS OR THAT ANY LITIGATION COMMENCED IN SUCH
COURTS IS BROUGHT IN AN INCONVENIENT FORUM. 
EACH PARTY HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY
PROCEEDING (WHETHER BASED IN CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR
RELATING TO THE TRANSACTION DOCUMENTS.

Section
2.2                   Force Majeure.  
Notwithstanding anything to the contrary in this Agreement, the Company
will not be liable to the Purchasers for failure or delay in fulfilling its
obligations hereunder to the extent such failure is caused by or arises out of
an act of Force Majeure.  For purposes of
this Agreement, “Force Majeure” means acts of government or state (including
any change in any law, regulation or interpretation of any existing law or
regulation), acts of God, civil commotion, epidemic, fire, flood, industrial
action or organised protests by third parties, natural disaster, war, failure
of the Company’s systems, damage to or failure of any third party’s computer
equipment, software or other systems utilized in the Company’s business or any
other event beyond the reasonable control of the Company which prevents its
performance hereunder during the period of such occurrence.

Section
2.3                   Counterparts.  This
Agreement may be executed in two or more counterparts, including, without
limitation, by facsimile transmission, all of which counterparts will be
considered one and the same agreement and will become effective when
counterparts have been signed by each party and delivered to each other
party.  In the event any signature page
is delivered by facsimile transmission, the party using such means of delivery
will cause 

 10
 

additional original executed
signature pages to be delivered to the other parties as soon as practicable
thereafter.

Section
2.4                   Headings.  The
headings of this Agreement are for convenience of reference and will not form
part of, or affect the interpretation of, this Agreement.

Section
2.5                   Severability.  If
any provision of this Agreement will be invalid or unenforceable in any
jurisdiction, such invalidity or unenforceability will not affect the validity
or enforceability of the remainder of this Agreement or the validity or
enforceability of this Agreement in any other jurisdiction.

Section
2.6                   Entire Agreement; Amendments.  This
Agreement and the instruments referenced herein contain the entire
understanding of the parties with respect to the maters covered herein and
therein and, except as specifically set forth herein or therein, neither the
Company nor any Purchaser makes any representation, warranty, covenant or
undertaking with respect to such matters. 
No provision of this Agreement may be waived other than by an instrument
in writing signed by the party to be charged with enforcement and no provision
of this Agreement may be amended other than by an instrument in writing signed
by the Company and each Purchaser.

Section
2.7                   Notices. 
Notices will be delivered in accordance with the Purchase Agreement.

Section
2.8                   Successors and Assigns.  This
Agreement will be binding upon and inure to the benefit of the parties and
their successors and assigns.  The
Company may not assign this Agreement nor any of its rights or obligations
hereunder without the prior written consent of each Purchaser.  No Purchaser may assign this Agreement nor
any of its rights or obligations hereunder without the prior written consent of
the Company.  Notwithstanding the
foregoing, each Purchaser may assign its rights and obligations hereunder to
any of its “affiliates,” as that term is defined under the Securities Act,
without the consent of the Company so long as such affiliate is an accredited
investor (within the meaning of Regulation D under the Securities Act) and
agrees in writing to be bound by this Agreement.  This provision will not limit each Purchaser’s
right to transfer the Securities pursuant to the terms of this Agreement or to
assign such Purchaser’s rights hereunder to any such transferee.  In that regard, if a Purchaser sells all or
part of its Common Shares to someone that acquires the shares subject to
restrictions on transferability (other than restrictions, if any, arising out
of the transferee’s status as an affiliate of the Company), such Purchaser will
be permitted to assign its rights hereunder, in whole or in part, to such
transferee.

Section
2.9                   Third Party Beneficiaries.  This
Agreement is intended for the benefit of the parties hereto and their
respective permitted successors and assigns and is not for the benefit of, nor
may any provision hereof be enforced by, any other Person.

[signatures on
following pages]

 11
 

IN WITNESS
WHEREOF, the undersigned Purchasers and the Company have caused this Agreement
to be duly executed as of the date first above written.

COMPANY:

VUBOTICS,
INC.

	
  By:

  	
  /s/ Philip E.
  Lundquist

  	
   

  
	
  Name: Philip E.
  Lundquist

  
	
  Title: Chief
  Executive Officer

  
	
  Date: August 28,
  2007

  

 

and as executed, or to be executed, by each Purchaser hereunder in its
respective capacity by its authorized signatory.

 12

Schedule
1

to

Registration Rights Agreement

REGISTRATION
STATEMENT QUESTIONNAIRE

	
  To:

  	
   

  	
  Vubotics, Inc.

  
	
   

  	
   

  	
  c/o Duane Morris LLP

  
	
   

  	
   

  	
  1180 West Peachtree Street, NW

  
	
   

  	
   

  	
  Suite 700

  
	
   

  	
   

  	
  Atlanta, Georgia 30309

  
	
   

  	
   

  	
  Attention: Richard Keck, Esq.

  
	
   

  	
   

  	
  Facsimile: (404) 253-6950

  

 

Reference is made to the
Registration Rights Agreement (the “Agreement”),
made between Vubotics, Inc., a Georgia corporation (the “Company”),
and the Purchasers noted therein.

The undersigned hereby
furnishes to the Company the following information for use by the Company in
connection with the preparation of the Registration Statement contemplated by
Section 1.1.2 of the Agreement.

(1)                                 Name
and Contact Information:

	
  Full legal name of record
  holder:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Address of
  record holder:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Social Security
  Number or Taxpayer

  	
   

  	
   

  
	
  Identification
  number of record holder:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Identity of
  beneficial owner (if

  	
   

  	
   

  
	
  Different than
  record holder):

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Name of contact
  person:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Telephone number
  of contact person:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Fax number of
  contact person:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  E-mail address
  of contact person:

  	
   

  	
   

  

 

 1
 

(2)                              Beneficial
Ownership of Common Stock:

(a)                                  Number
of Common Stock owned by Selling Shareholder (including shares issuable upon
exercise of Note or conversion of Warrant):

(b)                                 Number
of Common Stock requested to be registered:

(3)                                 Beneficial
Ownership of Other Securities of the Company Owned by the Selling Shareholder:

Except as set forth below in this Item (3), the
undersigned is not the beneficial or registered owner of any securities of the
Company other than the Common Stock listed above in Item (2)(a).

Type and amount of
other securities beneficially owned by the Selling Shareholder:

(4)                              Relationships
with the Company:

Except as set forth below, neither the undersigned nor
any of its affiliates, officers, directors or principal equity holders (5% or
more) has held any position or office or has had any other material
relationship with the Company (or its predecessors or affiliates) during the
past three years.

State any
exceptions here:

(5)                              Selling
Shareholder Affiliations:

(a)                                  Is
the Selling Shareholder a registered broker-dealer?

(b)                                 Is
the Selling Shareholder an affiliate of a registered broker-dealer(s)?  (For purposes of this response, an “affiliate”
of, or person “affiliated” with, a specified person, is a person that directly,
or indirectly through one or more intermediaries, controls or is controlled by,
or is under common control with, the person specified.)

 2
 

(c)                                  If
the answer to Item (6)(b) is yes, identify the registered broker-dealer(s) and
describe the nature of the affiliation(s):

(d)                                 If
the answer to Item (6)(b) is yes, did the Selling Shareholder acquire the
Common Stock in the ordinary course of business (if not, please explain)?

(e)                                  If
the answer to Item (6)(b) is yes, did the Selling Shareholder, at the time of
purchase of the Common Stock, have any agreements, plans or understandings,
directly or indirectly, with any person to distribute the Common Stock (if yes,
please explain)?

(6)                              Voting
or Investment Control over the Common Stock:

If the Selling Shareholder is not a natural person,
please identify the natural person or persons who have voting or investment
control over the Common Stock listed in Item (2) above:

Pursuant to the
Agreement, the undersigned acknowledges that the Company may, by notice to the
Placement Agent, suspend or withdraw the Registration Statement and require
that the undersigned immediately cease sales of Common Stock pursuant to the
Registration Statement under certain circumstances described in the
Agreement.  At any time that such notice
has been given, the undersigned may not sell Common Stock pursuant to the
Registration Statement.

By signing below,
the undersigned consents to the disclosure of the information contained herein
in its answers to Items (1) through (6) above and the inclusion of such
information in the Registration Statement, any amendments thereto and the
related prospectus.  The undersigned
understands that such information will be relied upon by the Company in
connection with the preparation or amendment of the Registration Statement and
the related prospectus.

The undersigned
has reviewed the answers to the above questions and affirms that the same are
true, complete and accurate.  THE
UNDERSIGNED AGREES TO NOTIFY THE COMPANY IMMEDIATELY OF ANY CHANGES IN THE
FOREGOING INFORMATION.

	
  Dated:

  	
   

  	
  , 2007

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Signature of Record Holder

  
	
   

  	
   

  	
  (Please sign your name in exactly the same

  
	
   

  	
   

  	
   Manner as the
  certificate(s) for the shares being

  
	
   

  	
   

  	
   Registered)

  

 

 3

Exhibit A

CERTIFICATE
OF SUBSEQUENT SALE

Standard Registrar and Transfer Company, Inc.

12528 South 1840 East

Draper, Utah 84020

	
  RE:

  	
  Sale of Shares of Common Stock of Vubotics, Inc.
  (the “Company”) pursuant to the Company’s
  Prospectus dated
                 
  (the “Prospectus”)

  

 

Ladies and Gentlemen:

The undersigned
hereby certifies, in connection with the sale of shares of Common Stock of the
Company included in the table of Selling Stockholders in the Prospectus, that
the undersigned has sold the shares pursuant to the Prospectus and in a manner
described under the caption “Plan of Distribution” in the Prospectus and that
such sale complies with all applicable securities laws, including, without
limitation, the Prospectus delivery requirements of the Securities Act of 1933,
as amended.

	
  Selling Stockholder (the beneficial owner):

  	
   

  	
   

  
	
  Record Holder (e.g., if held in name of nominee):

  	
   

  	
   

  
	
  Restricted Stock Certificate No.(s):

  	
   

  	
   

  
	
  Number of Shares Sold:

  	
   

  	
   

  
	
  Date of Sale:

  	
   

  	
   

  
							

 

In the event that
you receive a stock certificate(s) representing more shares of Common Stock
than have been sold by the undersigned, then you should return to the
undersigned a newly issued certificate for such excess shares in the name of
the Record Holder and BEARING A RESTRICTIVE LEGEND.  Further, you should place a stop transfer on
your records with regard to such certificate.

Very truly yours,

	
  Dated:

  	
   

  	
   

  

 

By:

Print Name:

Title:

cc:

 1Exhibit 4.5

SECURITY AGREEMENT

THIS AGREEMENT
is made as of August 28, 2007 between VUBOTICS, INC.,
as debtor, a Georgia corporation (“Debtor”), and
JAY WEIL, as collateral agent (“Collateral Agent”) for the secured parties (“Secured Parties”) pursuant to that certain Securities
Purchase Agreement (the “Purchase Agreement”)
dated as of the date hereof among Debtor, Collateral Agent and Secured Parties.

FOR VALUE RECEIVED, Debtor
hereby represents, warrants, covenants and agrees as follows:

1.            Security Interest.   (a) To secure its
obligations under the Notes (as defined in the Purchase Agreement), Debtor
hereby grants to Secured Parties, pari passu, a
present and continuing first priority security interest in all of Debtor’s
right, title and interest in, to and under all its property (the “Collateral”), whether now owned or existing or hereafter
acquired or arising and wheresoever located, including, without limitation:

(i) the software,
including all source code, object code and documentation, and lexicon databases
together comprising Debtor’s VUITTM reading system, including all trade secrets,
copyrights and other property rights therein;

(ii) the patent
applications and provisional patent applications listed on Exhibit A
attached hereto and made a part hereof, and all continuations, divisions,
re-issues and renewals thereof, in whole or in part, together with any patents
that may be issued with respect thereto;

(iii) the applications to
register trademarks listed on Exhibit B
attached hereto and made a part hereof, all common law rights in the trade
marks, service marks and trade names subject to such registrations, all
statutory rights that may attach to any registrations thereof and any related
renewals, and all related good will;

(iv) the right to sue for
past, present and future infringement or misappropriation of trade secrets,
copyrights, patents, trademarks and service marks, and all rights corresponding
thereto throughout the world;

(v) all products and
proceeds of the foregoing, including the right to receive license fees,
royalties and other payments in respect thereof, the proceeds of any
infringement suits, and so forth;

(vi)
all equipment (including all machinery, tools and furniture), all inventory
(including all merchandise, raw materials, work in process, finished goods and
supplies), motor vehicles and goods, 
(the “Tangible Collateral”);

(vii)
all accounts, accounts receivable, rights to the payment of money, payment
intangibles, other receivables, contract rights, contracts, leases, chattel paper,
electronic chattel paper, commercial tort claims, insurance refund claims and
other insurance claims and proceeds, and general intangibles of Debtor
including, without limitation, all tax refund claims, goodwill, going concern
value, blueprints, designs, computer programs, software, service marks,
inventions, trade names, customer lists, product lines and research and
development, all of Debtor’s rights under all present and further
authorizations, permits, licenses and franchises heretofore or hereafter
granted to Debtor for the operation of Debtor’s business (including, to the
maximum extent permitted by law, all rights incident to appurtenant to such
licenses and permits, including, without limitation, the right to receive all
proceeds derived from or in connection with the sale, assignment or transfer of
such licenses and permits)(but expressly excluding Debtor’s rights as licensee
under the VIPARTM search engine software license from UT Battelle, LLC and Oak
Ridge National Laboratory, which is by its terms is non-assignable and is
excluded from the Collateral notwithstanding anything else to the contrary in
this Agreement);

(viii)
all instruments, documents of title, letters of credit, rights to proceeds of
letters of credit, letter of credit rights, supporting obligations of every
kind and description, policies and certificates of insurance, securities,
securities entitlements, investment property, partnership interests, membership
interests in limited liability companies (including, without limitation, all of
Debtors’ right, title and interest in and to all limited liability companies
and partnerships and to any successor business entities, and the right to
receive all payments and distributions due or to become due under all related
partnership agreements, operation agreements, and other constituent documents
governing or establishing such business entities), bank deposits, deposit
accounts, checking accounts, certificates of deposit and cash;

(ix)
all accessions, additions or improvements to, and all proceeds and products of,
all of the foregoing, including proceeds of insurance; and

(x)
all books, records, documents, computer tapes and discs relating to all of the
foregoing.

(b)
All Collateral consisting of accounts, contract rights, chattel paper, general
intangibles and other Collateral described in subparagraph (vii) above arising
from the sale, delivery or provision of goods and/or services are sometimes
hereinafter collectively called the “Customer Receivables.”

(c)
Debtor hereby acknowledges and agrees that the description of Collateral
contained in this Security Agreement covers, and is intended to cover, all
assets of Debtor.  For avoidance of
doubt, it is expressly understood and agreed that, to the extent that the
Uniform Commercial Code (“UCC”) is
revised subsequent to the date hereof such that the definition of any of the
foregoing terms included in the description of Collateral is changed, the
parties agree that any property which is included in such changed definitions
which would not otherwise be 

 2
 

included in the
foregoing grant on the date hereof be included in such grant immediately upon
the effective date of such revision, it being the intention of the parties
hereto that the description of Collateral set forth herein be construed to include
the broadest possible range of property and assets and all tangible and
intangible personal property and fixtures of Debtor of every kind and
description.

2.            Collateral
Agent.  The rights of Secured Parties in the
Collateral will be exercisable by Collateral Agent as agent for Secured Parties
pursuant to the Purchase Agreement.  In
such capacity, from time to time and at any time, Collateral Agent may in its
sole discretion take any and all actions, exercise any and all rights and
remedies, give any and all waivers and forbearances, and make any and all
determinations and elections that Secured Parties are entitled to exercise
under this Agreement and the Notes. 
Debtor will be entitled to rely solely on the actions of Collateral
Agent as binding all Secured Parties.

3.            Other Matters.

(a) Perfection.  From time to time and at any time, Debtor
will execute such financing statements, assignments, notices of assignments,
registrations of the collateral assignment of its patents, trademarks and
copyrights, and such other filings, notices and any other documents and do such
other acts as Collateral Agent may reasonably request for the purpose of
perfecting, confirming, continuing, enforcing and/or protecting the security
interest of Secured Parties in the Collateral. 
Debtor will furnish to Collateral Agent promptly upon request such
information as may be necessary to complete such financing statements, filings
and other documents.  From time to time
and at any time, Collateral Agent may file any and all such documents with the
appropriate registries as necessary to perfect, confirm, continue, enforce or
protect the security interest of Secured Parties in the Collateral.  Debtor hereby appoints Collateral Agent as
its attorney in fact with the power and authority to execute and deliver in
Debtor’s name any of the foregoing financing statements, assignments, notices
of assignments and other documents that Debtor refuses or is unable to so
execute and deliver.  This power of
attorney is coupled with an interest and is irrevocable.

(b) Obligations of
Collateral Agent.  In addition to
those duties and powers of Collateral Agent pursuant to the Purchase Agreement,
upon payment in full of all outstanding amounts due under the Notes, Collateral
Agent will promptly terminate all financing statements, filings and other
documents referenced in Section 3(a) hereof, and execute and deliver to Debtor
such termination statements, releases, re-assignments and other instruments as
necessary to re-vest in Debtor full title to the Collateral and to remove all
liens and security interests of Secured Parties therein.  Collateral Agent hereby appoints Debtor as
its attorney in fact with the power and authority to execute and deliver in the
name of Collateral Agent and/or Secured Parties any of the foregoing
termination statements, releases, re-assignments and other instruments that
Collateral Agent and/or Secured Parties refuse or are unable to so execute and
deliver.  This power of attorney is coupled
with an interest and is irrevocable.

(c) Rights and
Remedies of Secured Parties.  The
rights and remedies of Secured Parties with respect to the security interest
granted hereby are in addition to those set forth in the Notes, and those which
are now or hereafter available to Secured Parties as a matter of law or
equity.  Each right, power and remedy of
Secured Parties provided for herein or in the Notes, or 

 3
 

now or hereafter existing at law or in equity, will be
cumulative and concurrent and will be in addition to every right, power or remedy
provided for herein and the exercise by Secured Parties of any one or more of
the rights, powers or remedies provided for in this Agreement or the Notes, or
now or hereafter existing at law or in equity, will not preclude the
simultaneous or later exercise by any person, including Secured Parties, of any
or all other rights, powers or remedies.

4.            Use of Collateral.  Unless an Event of Default has occurred and
is continuing under any Note:

(a) Debtor may deal in the Collateral in the ordinary course of
business, but in no event may Debtor transfer or assign (i) all or
substantially all of its rights in the Collateral to any other person
(including a subsidiary or affiliate of Debtor) or (ii) any rights in all or
any portion of the Collateral to any subsidiary or affiliate of Debtor unless,
in either case, Debtor first obtains the prior written consent of Collateral
Agent.  Debtor may  grant licenses to third parties for the use
of, and/or sublicense of, all or any part of the Collateral, on a non-exclusive
basis or exclusive basis, but in no event shall any such exclusive license have
a term of more than one year or be made to a licensee other than Adobe, Time
Warner, Inc., Research In Motion, MagneticTime, Motorola, Inc. and Terratial
Technologies and their affiliates unless Debtor first obtains the prior written
consent of Collateral Agent.  Licenses
may be granted for up-front or recurring license fees, or for other
consideration, for such periods of time as Debtor deems appropriate (including
license terms that extend beyond the maturity of any Note), and on such other
terms and conditions as Debtor deems appropriate, and all such licenses,
sublicenses and other grants of rights will survive any repossession of or
foreclosure on the Collateral by Collateral Agent;

(b) the proceeds of Debtor’s licensing and other dealings in the
Collateral may be used by Debtor for any proper corporate purposes; and

(c) Debtor may grant one or more third parties a
security interest in some or all of the Collateral in connection with a
purchase money security interest retained by a seller of goods or
services.  Provided that it has first
obtained the written consent of Collateral Agent, Debtor may grant one or more
third parties other types of security interests in some or all of the
Collateral to third parties, however, all such interests must be junior and
subordinated to the security interest of Secured Parties and such junior
secured parties may not take any action with respect to the Collateral without
the prior written consent of Collateral Agent.

5.            Events
of Default. (a) Debtor will be in default under this
Agreement upon the occurrence of any one of the following events (each, an “Event of Default”):

(i)
default by Debtor in the due observance or performance of any material covenant
or agreement contained herein or material breach by Debtor of any material
representation or warranty herein contained and Debtor fails to cure such
default within thirty (30) days following written demand by Collateral Agent;
or

(ii)
any event of default under the Notes occurs; or

 4
 

(iii)
default by Debtor in the payment when due of the principal of, or interest on,
any other indebtedness of Debtor to any Secured Party and Debtor fails to cure
such default within thirty (30) days following written demand by Collateral
Agent.

(b) If Debtor defaults under this
Agreement or any Note and the commercial value of the Collateral exceeds the
outstanding amounts due to Secured Parties, then Collateral Agent will act in
good faith in a commercially reasonable manner in disposing of or otherwise
dealing in the Collateral in order not to prejudice the interests of Debtor’s
other secured creditors, unsecured creditors and shareholders.

6.            Remedies Upon Event of
Default.  If any Event of
Default will have occurred, Collateral Agent may exercise all the rights and
remedies of a Secured Party under the Purchase Agreement and the UCC (whether
or not the UCC is in effect in the jurisdiction where such rights and remedies
are exercised) and, in addition, Collateral Agent may, without being required
to give any notice, except as herein provided or as may be required by
mandatory provisions of law, (i) apply the cash, if any, then held by it as
Collateral in the manner specified in Section 8, and (ii) if there will be no
such cash or if such cash will be insufficient to pay all the obligations in
full, sell the Collateral, or any part thereof, at public or private sale or at
any broker’s board or on any securities exchange, for cash, upon credit or for
future delivery, and at such price or prices as Collateral Agent may deem
satisfactory. Collateral Agent may require Debtor to assemble all or any part
of the Collateral and make it available to Collateral Agent at a place to be
designated by Collateral Agent which is reasonably convenient.  Collateral Agent and any Secured Party may be
the purchaser of any or all of the Collateral so sold at any public sale (or,
if the Collateral is of a type customarily sold in a recognized market or is of
a type which is the subject of widely distributed standard price quotations, at
any private sale) and thereafter hold the same, absolutely, free from any right
or claim of whatsoever kind. Upon any such sale Collateral Agent will have the
right to deliver, assign and transfer to the purchaser thereof the Collateral
so sold.  Each purchaser at any such sale
will hold the Collateral so sold absolutely, free from any claim or right of
whatsoever kind, including any equity or right of redemption of Debtor.  Debtor, to the extent permitted by law,
hereby specifically waives all rights of redemption, stay or appraisal which it
has or may have under any rule of law or statute now existing or hereafter
adopted.  At any such sale the Collateral
may be sold in one lot as an entirety or in separate parcels, as Collateral
Agent may determine.  Collateral Agent
will not be obligated to make such sale pursuant to any such notice.  Collateral Agent  may, without notice or publication, adjourn
any public or private sale or cause the same to be adjourned from time to time
by announcement at the time and place fixed for the sale, and such sale may be
made at any time or place to which the same may be adjourned.  In case of any sale of all or any part of the
Collateral on credit or for future delivery, the Collateral so sold may be
retained by Collateral Agent  until the
selling price is paid by the purchaser thereof, but Collateral Agent will not
incur any liability in case of the failure of such purchaser to take up and pay
for the Collateral so sold and, in case of any such failure, such Collateral
may again be sold upon like notice. 
Collateral Agent,  instead of
exercising the power of sale herein conferred upon it, may proceed by a suit or
suits at law or in equity to foreclose the security interests and sell the
Collateral, or any portion thereof, under a judgment or decree of a court or
courts of competent jurisdiction.

 5
 

7.            Right
of Collateral Agent to Use and Operate Tangible Collateral, Etc.  Upon the occurrence of an Event of Default,
to the extent permitted by law, Collateral Agent will have the right and power
to take possession of all or any part of the Tangible Collateral, and to
exclude Debtor and all persons claiming under Debtor wholly or partly
therefrom, and thereafter to hold, store, and/or use, operate, manage and
control the same.  Upon any such taking
of possession, Collateral Agent may, from time to time, at the expense of
Debtor, make all such repairs, replacements, alterations, additions and improvements
to and of the Tangible Collateral as Collateral Agent may deem proper.  In such case, Collateral Agent will have the
right to manage and control the Tangible Collateral and to carry on the
business and to exercise all rights and powers of Debtor in respect thereto as
Collateral Agent will deem best, including the right to enter into any and all
such agreements with respect to the leasing and/or operation of the Tangible
Collateral and any part thereof as Collateral Agent may see fit; and the
Secured Party will be entitled to collect and receive all rents, issues,
profits, fees, revenues and other income of the same and every part
thereof.  Such rents, issues, profits,
fees, revenues and other income will be applied to pay the expenses of holding and
operating the Tangible Collateral and of conducting the business thereof, and
of all maintenance, repairs, replacements, alterations, additions and
improvements, and to make all payments which Collateral Agent may be required
or may elect to make, if any, for taxes, assessments, insurance and other
charges upon the Tangible Collateral or any part thereof, and all other
payments which Collateral Agent may be required or authorized to make under any
provision of this Security Agreement (including legal costs and attorney’s
fees).  The remainder of such rents,
issues, profits, fees, revenues and other income will be applied to the payment
of the obligations in such order or priority as Collateral Agent will determine
(subject to the provisions of Section 8 hereof) and, unless otherwise provided
by law or by a court of competent jurisdiction, any surplus will be paid over
to Debtor.

8.            Application
of Collateral and Proceeds.  The proceeds of any sale of, or
other realization upon, all or any part of the Collateral will be applied in
the following order of priorities:

(i)
first, to pay the expenses of such sale or other realization, including those
reasonable expenses, liabilities and advances actually incurred or made by
Collateral Agent and its agent and counsel in connection therewith, and any other
unreimbursed expenses of which Collateral Agent is to be reimbursed pursuant to
Section 9 as determined in its sole discretion;

(ii)
second, to the payment of the obligations in such other manner as Collateral
Agent, in its sole discretion, will determine; and

(iii)
finally, to pay to Debtor, or its successors or assigns, or to a court of
competent jurisdiction, or as directed by a court of competent jurisdiction,
any surplus then remaining from such proceeds.

9.            Expenses;
Secured Parties’ Lien.  Debtor will promptly upon demand
pay to Collateral Agent:

(a)
the amount of any taxes which the Secured Parties may have been required to pay
by reason of the security interests herein (including any applicable transfer
taxes) or to free any of the Collateral from any lien thereon; and

 6
 

(b)
the amount of any and all reasonable out-of-pocket expenses, including the
reasonable fees and disbursements of Collateral Agent’s counsel and of any
agents not regularly in its employ, which Collateral Agent may actually incur
in connection with (x) the preparation and administration of this Agreement,
(y) the collection, sale or total disposition of any of the Collateral, (z) the
exercise by Collateral Agent of any of the powers conferred upon it hereunder,
or (aa) any default on Debtor’s part hereunder.

10.          Covenants
of Debtor.  Debtor hereby covenants and agrees
that Debtor will:

(a) defend
the Collateral against all claims and demands of all persons at any time
claiming any interest therein;

(b) provide
Collateral Agent with immediate written notice of (i) any change in the chief
executive officer of Debtor or the office where Debtor maintains its books and
records pertaining to the Customer Receivables, or (ii) the movement or
location of Collateral (outside the ordinary course of business) to or at any
address other than as set forth above;

(c) promptly
pay any and all taxes, assessments and governmental charges upon the Collateral
prior to the date penalties are attached thereto, except to the extent that
such taxes, assessments and charges shall be contested in good faith by Debtor;

(d) immediately
notify Collateral Agent of any event causing a substantial loss or diminution
in the value of all or any material part of the Collateral and the amount or an
estimate of the amount of such loss or diminution; and

(e) keep
its records concerning the Collateral, including the Customer Receivables and
all chattel paper included in the Customer Receivables, at its principal office
or at such other place or places of business as the Secured Party may approve
in writing, or if in electronic form will ensure that it is available at its
principal office.  Debtor will hold and
preserve such records and chattel paper and, provided reasonable notice has
been given to Debtor, will permit representatives of the Secured Party at any
time during normal business hours to examine and inspect the Collateral and to
make abstracts from such records and chattel paper, or , and will furnish to
the Secured Party such information and reports regarding the Collateral as the
Secured Party may from time to time reasonably request.

11.          Collections with Respect
to Customer Receivables.  Debtor will, at its expense, and
subject at all times to Collateral Agent’s right to give directions and
instructions:

(a) endeavor
to collect or cause to be collected from customers indebted on Customer
Receivables, as and when due, any and all amounts, including interest, owing
under or on account of each Customer Receivables; and

(b) take
or cause to be taken such appropriate action to repossess goods, the sale or
rental of which gave rise to any Customer Receivables, or to enforce any rights
or liens under 

 7
 

Customer
Receivables, as Debtor or Collateral Agent may deem proper, and in the name of
Debtor, or Collateral Agent , as Collateral Agent  may deem proper;

provided that (x)
Debtor will use its best judgment to protect the interests of the Secured
Parties and (y) Debtor shall not be required under this Section 11 to take any
action which would be contrary to any applicable law or court order.  Debtor shall, at the request of  Collateral Agent following the occurrence of
any Event of Default (as defined in Section 5 above), notify the account
debtors of the security interests of the Secured Parties in any of the Customer
Receivables and Collateral Agent may also notify such account debtors of such
security interests.  Collateral Agent
will have full power at any time after such notice to collect, compromise,
endorse, sell or otherwise deal with any or all outstanding Customer Receivables
or the proceeds thereof in the name of either Collateral Agent or Debtor.  In the event that, after notice to any
account debtors to pay Collateral Agent on behalf of the Secured Parties,
Debtor receives any payment on a Customer Receivable, any such payments shall
be held by Debtor in trust for Collateral Agent and immediately turned over to
Collateral Agent as aforesaid.

12.          Interpretation.  This Agreement will be interpreted in
accordance with, and subject to the provisions of, the Purchase Agreement
applicable to all Transaction Documents (as such term is defined therein).  Without limiting the foregoing, this
Agreement is governed by Georgia law.

[signatures on following
page]

 8

[signature page for
Security Agreement]

SIGNED AND DELIVERED
as of the date first above written.

	
  

  	
   

  	
  VUBOTICS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Philip E. Lundquist

  	
   

  
	
   

  	
   

  	
  Name:  Philip
  E. Lundquist

  
	
   

  	
   

  	
  Title:  Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  JAY WEIL, as Collateral Agent:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Jay Weil

  	
   

  
						

 

EXHIBIT A

Patent
Applications

 

	
  DM NO.

  	
   

  	
  REF. NO.

  	
   

  	
  TITLE

  	
   

  	
  STATUS

  	
   

  	
  FILING

  DATE

  	
   

  	
  APPL. NO.

  
	
  E5169-00002

  	
   

  	
  VUB01 001

  	
   

  	
  SYSTEM AND
  METHOD FOR CONTROLLING THE RATE OF AUTOMATED FLOW AND NAVIGATION THROUGH
  INFORMATION PRESENTED ON A DEVICE

  	
   

  	
  Awaiting 1st
  Office Action

  	
   

  	
  9/6/2006

  	
   

  	
  11/515,950

  
	
  E5169-00012

  	
   

  	
  VUB01 001 PCT

  	
   

  	
  SYSTEM AND
  METHOD FOR CONTROLLING THE RATE OF AUTOMATED FLOW AND NAVIGATION THROUGH
  INFORMATION PRESENTED AND DIGITALLY CONTROLLED ELECTRONIC DEVICE

  	
   

  	
  PCT 30 month
  National Filings due 8-Mar-2008

  	
   

  	
  9/6/2006

  	
   

  	
  PCT/US06/34541

  
	
  E5169-00017

  	
   

  	
  VUB01 003

  	
   

  	
  METHOD AND
  ANALYSIS, ABSTRACTION, AND DELIVERY OF ELECTRONIC INFORMATION

  	
   

  	
  Awaiting 1st
  Office Action

  	
   

  	
  5/28/2004

  	
   

  	
  10/857,550

  
	
  E5169-00020

  	
   

  	
  VUB01 006

  	
   

  	
  SYSTEM AND
  METHOD FOR ANALYZING AND DELIVERING INFORMATION

  	
   

  	
  Foreign
  Filing/Non-Provisional Filing due 20-Oct-2007

  	
   

  	
  10/20/2006

  	
   

  	
  60/852,995

  

 

EXHIBIT B

VUBOTICS TRADEMARK PORTFOLIO

July 3, 2007

	
  COUNTRY

  	
   

  	
  MARK

  	
   

  	
  SERIAL NO

  	
   

  	
  APPLICATION 

  DATE

  	
   

  	
  STATUS

  
	
  US

  	
   

  	
  VUIT

  	
   

  	
  78/893,051

  	
   

  	
  05/25/2006

  	
   

  	
  Final Office
  Action received

  
	
  US

  	
   

  	
  VUBOTICS

  	
   

  	
  78/893,035

  	
   

  	
  05/25/2006

  	
   

  	
  Allowed

  
	
  US

  	
   

  	
  INFORMATION AT
  BRAINSPEED

  	
   

  	
  78/893,043

  	
   

  	
  05/25/2006

  	
   

  	
  Allowed

  
	
  US

  	
   

  	
  

  	
   

  	
  78/974,118

  	
   

  	
  09/14/2006

  	
   

  	
  Pending

  
	
  EU

  	
   

  	
  

  	
   

  	
  005315668

  	
   

  	
  09/14/2006

  	
   

  	
  Published

  
	
  EU

  	
   

  	
  

  	
   

  	
  005315924

  	
   

  	
  09/14/2006

  	
   

  	
  Published

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]