Document:

ESCROW AGREEMENT

         THIS ESCROW AGREEMENT (this "Agreement") is made and entered into as of
December ___, 2005 ROAMING MESSENGER, INC., a Nevada corporation (the
"Company"); the Buyer(s) listed on the Securities Purchase Agreement, dated the
date hereof (also referred to as the "Investor(s)"), and DAVID GONZALEZ, ESQ.,
as Escrow Agent hereunder (the "Escrow Agent").

                                   BACKGROUND

         WHEREAS, the Company and the Investor(s) have entered into a Securities
Purchase Agreement (the "Securities Purchase Agreement"), dated as of the date
hereof, pursuant to which the Company proposes to sell secured convertible
debentures (the "Convertible Debentures") which shall be convertible into the
Company's Common Stock, par value $0.001 per share (the "Common Stock"), for a
total purchase price of up to One Million Two Hundred Thousand Dollars
($1,200,000). The Securities Purchase Agreement provides that the Investor(s)
shall deposit the purchase amount in a segregated escrow account to be held by
Escrow Agent in order to effectuate a disbursement to the Company at a closing
to be held as set forth in the Securities Purchase Agreement (the "Closing").

         WHEREAS, the Company intends to sell Convertible Securities (the
"Offering").

         WHEREAS, Escrow Agent has agreed to accept, hold, and disburse the
funds deposited with it in accordance with the terms of this Agreement.

         WHEREAS, in order to establish the escrow of funds and to effect the
provisions of the Securities Purchase Agreement, the parties hereto have entered
into this Agreement.

         NOW THEREFORE, in consideration of the foregoing, it is hereby agreed
as follows:

         1. Definitions. The following terms shall have the following meanings
when used herein:

         a. "Escrow Funds" shall mean the funds deposited with Escrow Agent
pursuant to this Agreement.

         b. "Joint Written Direction" shall mean a written direction executed by
the Investor(s) and the Company directing Escrow Agent to disburse all or a
portion of the Escrow Funds or to take or refrain from taking any action
pursuant to this Agreement.

         c. "Escrow Period" shall begin with the commencement of the Offering
and shall terminate upon the earlier to occur of the following dates:

         (i) The date upon which Escrow Agent confirms that it has received in
the Escrow Account all of the proceeds of the sale of the Convertible
Debentures;

<PAGE>

         (ii) The expiration of twenty (20) days from the date of commencement
of the Offering (unless extended by mutual written agreement between the Company
and the Investor(s) with a copy of such extension to Escrow Agent); or

         (iii) The date upon which a determination is made by the Company and
the Investor(s) to terminate the Offering prior to the sale of all the
Convertible Debentures.

         During the Escrow Period, the Company and the Investor(s) are aware
that they are not entitled to any funds received into escrow and no amounts
deposited in the Escrow Account shall become the property of the Company or the
Investor(s) or any other entity, or be subject to the debts of the Company or
the Investor(s) or any other entity.

         2. Appointment of and Acceptance by Escrow Agent. The Investor(s) and
the Company hereby appoint Escrow Agent to serve as Escrow Agent hereunder.
Escrow Agent hereby accepts such appointment and, upon receipt by wire transfer
of the Escrow Funds in accordance with Section 3 below, agrees to hold, invest
and disburse the Escrow Funds in accordance with this Agreement.

         a. The Company hereby acknowledges that the Escrow Agent is general
counsel to the Investor(s), a partner in the general partner of the Investor(s),
and counsel to the Investor(s) in connection with the transactions contemplated
and referred herein. The Company agrees that in the event of any dispute arising
in connection with this Escrow 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 Investor(s) and the Company will
not seek to disqualify such counsel.

         3. Creation of Escrow Funds. On or prior to the date of the
commencement of the Offering, the parties shall establish an escrow account with
the Escrow Agent, which escrow account shall be entitled as follows: Roaming
Messenger, Inc./Cornell Capital Partners, LP Escrow Account for the deposit of
the Escrow Funds. The Investor(s) will instruct subscribers to wire funds to the
account of the Escrow Agent as follows:

Bank:                    Wachovia, N.A. of New Jersey
Routing #:               031201467
Account #:               2000014931134
Name on Account:         David Gonzalez Attorney Trust Account
Name on Sub-Account:     Roaming Messenger, Inc./Cornell Capital Partners, LP
                         Escrow Account

         4. Deposits into the Escrow Account. The Investor(s) agrees that they
shall promptly deliver funds for the payment of the Convertible Debentures to
Escrow Agent for deposit in the Escrow Account.

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<PAGE>

         5. Disbursements from the Escrow Account.

         a. The Escrow Agent will continue to hold such funds until Cornell
Capital Partners, LP on behalf of the Investor(s) and Company execute a Joint
Written Direction directing the Escrow Agent to disburse the Escrow Funds
pursuant to Joint Written Direction signed by the Company and the Investor(s).
In disbursing such funds, Escrow Agent is authorized to rely upon such Joint
Written Direction from the Company and the Investor(s) and may accept any
signatory from the Company listed on the signature page to this Agreement and
any signature from the Investor(s) that the Escrow Agent already has on file.

         b. In the event Escrow Agent does not receive the amount of the Escrow
Funds from the Investor(s), Escrow Agent shall notify the Company and the
Investor(s). Upon receipt of payment instructions from the Company, Escrow Agent
shall refund to each subscriber without interest the amount received from each
Investor(s), without deduction, penalty, or expense to the subscriber. The
purchase money returned to each subscriber shall be free and clear of any and
all claims of the Company, the Investor(s) or any of their creditors.

         c. In the event Escrow Agent does receive the amount of the Escrow
Funds prior to expiration of the Escrow Period, in no event will the Escrow
Funds be released to the Company until such amount is received by Escrow Agent
in collected funds. For purposes of this Agreement, the term "collected funds"
shall mean all funds received by Escrow Agent which have cleared normal banking
channels and are in the form of cash.

         6. Collection Procedure. Escrow Agent is hereby authorized to deposit
the proceeds of each wire in the Escrow Account.

         7. Suspension of Performance: Disbursement Into Court. If at any time,
there shall exist any dispute between the Company and the Investor(s) with
respect to holding or disposition of any portion of the Escrow Funds or any
other obligations of Escrow Agent hereunder, or if at any time Escrow Agent is
unable to determine, to Escrow Agent's sole satisfaction, the proper disposition
of any portion of the Escrow Funds or Escrow Agent's proper actions with respect
to its obligations hereunder, or if the parties have not within thirty (30) days
of the furnishing by Escrow Agent of a notice of resignation pursuant to Section
9 hereof, appointed a successor Escrow Agent to act hereunder, then Escrow Agent
may, in its sole discretion, take either or both of the following actions:

         a. suspend the performance of any of its obligations (including without
limitation any disbursement obligations) under this Escrow Agreement until such
dispute or uncertainty shall be resolved to the sole satisfaction of Escrow
Agent or until a successor Escrow Agent shall be appointed (as the case may be);
provided however, Escrow Agent shall continue to invest the Escrow Funds in
accordance with Section 8 hereof; and/or

         b. petition (by means of an interpleader action or any other
appropriate method) any court of competent jurisdiction in any venue convenient
to Escrow Agent, for instructions with respect to such dispute or uncertainty,
and to the extent required by law, pay into such court, for holding and
disposition in accordance with the instructions of such court, all funds held by
it in the Escrow Funds, after deduction and payment to Escrow Agent of all fees
and expenses (including court costs and attorneys' fees) payable to, incurred
by, or expected to be incurred by Escrow Agent in connection with performance of
its duties and the exercise of its rights hereunder.

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<PAGE>

         c. Escrow Agent shall have no liability to the Company, the
Investor(s), or any person with respect to any such suspension of performance or
disbursement into court, specifically including any liability or claimed
liability that may arise, or be alleged to have arisen, out of or as a result of
any delay in the disbursement of funds held in the Escrow Funds or any delay in
with respect to any other action required or requested of Escrow Agent.

         8. Investment of Escrow Funds. Escrow Agent shall deposit the Escrow
Funds in a non-interest bearing account.

         If Escrow Agent has not received a Joint Written Direction at any time
that an investment decision must be made, Escrow Agent shall maintain the Escrow
Funds, or such portion thereof, as to which no Joint Written Direction has been
received, in a non-interest bearing account.

         9. Resignation and Removal of Escrow Agent. Escrow Agent may resign
from the performance of its duties hereunder at any time by giving thirty (30)
days' prior written notice to the parties or may be removed, with or without
cause, by the parties, acting jointly, by furnishing a Joint Written Direction
to Escrow Agent, at any time by the giving of ten (10) days' prior written
notice to Escrow Agent as provided herein below. Upon any such notice of
resignation or removal, the representatives of the Investor(s) and the Company
identified in Sections 13a.(iv) and 13b.(iv), below, jointly shall appoint a
successor Escrow Agent hereunder, which shall be a commercial bank, trust
company or other financial institution with a combined capital and surplus in
excess of $10,000,000.00. Upon the acceptance in writing of any appointment of
Escrow Agent hereunder by a successor Escrow Agent, such successor Escrow Agent
shall thereupon succeed to and become vested with all the rights, powers,
privileges and duties of the retiring Escrow Agent, and the retiring Escrow
Agent shall be discharged from its duties and obligations under this Escrow
Agreement, but shall not be discharged from any liability for actions taken as
Escrow Agent hereunder prior to such succession. After any retiring Escrow
Agent's resignation or removal, the provisions of this Escrow Agreement shall
inure to its benefit as to any actions taken or omitted to be taken by it while
it was Escrow Agent under this Escrow Agreement. The retiring Escrow Agent shall
transmit all records pertaining to the Escrow Funds and shall pay all funds held
by it in the Escrow Funds to the successor Escrow Agent, after making copies of
such records as the retiring Escrow Agent deems advisable and after deduction
and payment to the retiring Escrow Agent of all fees and expenses (including
court costs and attorneys' fees) payable to, incurred by, or expected to be
incurred by the retiring Escrow Agent in connection with the performance of its
duties and the exercise of its rights hereunder.

         10. Liability of Escrow Agent.

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<PAGE>

         a. Escrow Agent shall have no liability or obligation with respect to
the Escrow Funds except for Escrow Agent's willful misconduct or gross
negligence. Escrow Agent's sole responsibility shall be for the safekeeping,
investment, and disbursement of the Escrow Funds in accordance with the terms of
this Agreement. Escrow Agent shall have no implied duties or obligations and
shall not be charged with knowledge or notice or any fact or circumstance not
specifically set forth herein. Escrow Agent may rely upon any instrument, not
only as to its due execution, validity and effectiveness, but also as to the
truth and accuracy of any information contained herein, which Escrow Agent shall
in good faith believe to be genuine, to have been signed or presented by the
person or parties purporting to sign the same and conform to the provisions of
this Agreement. In no event shall Escrow Agent be liable for incidental,
indirect, special, and consequential or punitive damages. Escrow Agent shall not
be obligated to take any legal action or commence any proceeding in connection
with the Escrow Funds, any account in which Escrow Funds are deposited, this
Agreement or the Purchase Agreement, or to appear in, prosecute or defend any
such legal action or proceeding. Escrow Agent may consult legal counsel selected
by it in any event of any dispute or question as to construction of any of the
provisions hereof or of any other agreement or its duties hereunder, or relating
to any dispute involving any party hereto, and shall incur no liability and
shall be fully indemnified from any liability whatsoever in acting in accordance
with the opinion or instructions of such counsel. The Company and the
Investor(s) jointly and severally shall promptly pay, upon demand, the
reasonable fees and expenses of any such counsel.

         b. Escrow Agent is hereby authorized, in its sole discretion, to comply
with orders issued or process entered by any court with respect to the Escrow
Funds, without determination by Escrow Agent of such court's jurisdiction in the
matter. If any portion of the Escrow Funds is at any time attached, garnished or
levied upon under any court order, or in case the payment, assignment, transfer,
conveyance or delivery of any such property shall be stayed or enjoined by any
court order, or in any case any order judgment or decree shall be made or
entered by any court affecting such property or any part thereof, then and in
any such event, Escrow Agent is authorized, in its sole discretion, to rely upon
and comply with any such order, writ judgment or decree which it is advised by
legal counsel selected by it, binding upon it, without the need for appeal or
other action; and if Escrow Agent complies with any such order, writ, judgment
or decree, it shall not be liable to any of the parties hereto or to any other
person or entity by reason of such compliance even though such order, writ
judgment or decree may be subsequently reversed, modified, annulled, set aside
or vacated.

         11. Indemnification of Escrow Agent. From and at all times after the
date of this Agreement, the parties jointly and severally, shall, to the fullest
extent permitted by law and to the extent provided herein, indemnify and hold
harmless Escrow Agent and each director, officer, employee, attorney, agent and
affiliate of Escrow Agent (collectively, the "Indemnified Parties") against any
and all actions, claims (whether or not valid), losses, damages, liabilities,
costs and expenses of any kind or nature whatsoever (including without
limitation reasonable attorney's fees, costs and expenses) incurred by or
asserted against any of the Indemnified Parties from and after the date hereof,
whether direct, indirect or consequential, as a result of or arising from or in
any way relating to any claim, demand, suit, action, or proceeding (including
any inquiry or investigation) by any person, including without limitation the
parties to this Agreement, whether threatened or initiated, asserting a claim
for any legal or equitable remedy against any person under any statute or
regulation, including, but not limited to, any federal or state securities laws,
or under any common law or equitable cause or otherwise, arising from or in
connection with the negotiation, preparation, execution, performance or failure
of performance of this Agreement or any transaction contemplated herein, whether
or not any such Indemnified Party is a party to any such action or proceeding,
suit or the target of any such inquiry or

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<PAGE>

investigation; provided, however, that no Indemnified Party shall have the right
to be indemnified hereunder for liability finally determined by a court of
competent jurisdiction, subject to no further appeal, to have resulted from the
gross negligence or willful misconduct of such Indemnified Party. If any such
action or claim shall be brought or asserted against any Indemnified Party, such
Indemnified Party shall promptly notify the Company and the Investor(s)
hereunder in writing, and the Investor(s) and the Company shall assume the
defense thereof, including the employment of counsel and the payment of all
expenses. Such Indemnified Party shall, in its sole discretion, have the right
to employ separate counsel (who may be selected by such Indemnified Party in its
sole discretion) in any such action and to participate and to participate in the
defense thereof, and the fees and expenses of such counsel shall be paid by such
Indemnified Party, except that the Investor(s) and/or the Company shall be
required to pay such fees and expense if (a) the Investor(s) or the Company
agree to pay such fees and expenses, or (b) the Investor(s) and/or the Company
shall fail to assume the defense of such action or proceeding or shall fail, in
the sole discretion of such Indemnified Party, to employ counsel reasonably
satisfactory to the Indemnified Party in any such action or proceeding, (c) the
Investor(s) and the Company are the plaintiff in any such action or proceeding
or (d) the named or potential parties to any such action or proceeding
(including any potentially impleaded parties) include both the Indemnified
Party, the Company and/or the Investor(s) and the Indemnified Party shall have
been advised by counsel that there may be one or more legal defenses available
to it which are different from or additional to those available to the Company
or the Investor(s). The Investor(s) and the Company shall be jointly and
severally liable to pay fees and expenses of counsel pursuant to the preceding
sentence, except that any obligation to pay under clause (a) shall apply only to
the party so agreeing. All such fees and expenses payable by the Company and/or
the Investor(s) pursuant to the foregoing sentence shall be paid from time to
time as incurred, both in advance of and after the final disposition of such
action or claim. The obligations of the parties under this section shall survive
any termination of this Agreement, and resignation or removal of the Escrow
Agent shall be independent of any obligation of Escrow Agent.

         The parties agree that neither payment by the Company or the
Investor(s) of any claim by Escrow Agent for indemnification hereunder shall
impair, limit, modify, or affect, as between the Investor(s) and the Company,
the respective rights and obligations of Investor(s), on the one hand, and the
Company, on the other hand.

         12. Expenses of Escrow Agent. Except as set forth in Section 11 the
Company shall reimburse Escrow Agent for all of its reasonable out-of-pocket
expenses, including attorneys' fees, travel expenses, telephone and facsimile
transmission costs, postage (including express mail and overnight delivery
charges), copying charges and the like. All of the compensation and
reimbursement obligations set forth in this Section shall be payable by the
Company, upon demand by Escrow Agent. The obligations of the Company under this
Section shall survive any termination of this Agreement and the resignation or
removal of Escrow Agent.

         13. Warranties.

         a. The Investor(s) makes the following representations and warranties
to Escrow Agent:

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<PAGE>

         (i) The Investor(s) has full power and authority to execute and deliver
this Agreement and to perform its obligations hereunder.

         (ii) This Agreement has been duly approved by all necessary action of
the Investor(s), including any necessary approval of the limited partner of the
Investor(s) or necessary corporate approval, as applicable, has been executed by
duly authorized officers of the Investor(s), enforceable in accordance with its
terms.

         (iii) The execution, delivery, and performance of the Investor(s) of
this Agreement will not violate, conflict with, or cause a default under any
agreement of limited partnership of Investor(s) or the articles of incorporation
or bylaws of the Investor(s) (as applicable), any applicable law or regulation,
any court order or administrative ruling or degree to which the Investor(s) is a
party or any of its property is subject, or any agreement, contract, indenture,
or other binding arrangement.

         (iv) Mark Angelo has been duly appointed to act as the representative
of the Investor(s) hereunder and has full power and authority to execute,
deliver, and perform this Escrow Agreement, to execute and deliver any Joint
Written Direction, to amend, modify, or waive any provision of this Agreement,
and to take any and all other actions as the Investor(s)'s representative under
this Agreement, all without further consent or direction form, or notice to, the
Investor(s) or any other party.

         (v) No party other than the parties hereto and the Investor(s)s have,
or shall have, any lien, claim or security interest in the Escrow Funds or any
part thereof. No financing statement under the Uniform Commercial Code is on
file in any jurisdiction claiming a security interest in or describing (whether
specifically or generally) the Escrow Funds or any part thereof.

         (vi) All of the representations and warranties of the Investor(s)
contained herein are true and complete as of the date hereof and will be true
and complete at the time of any disbursement from the Escrow Funds.

         b. The Company makes the following representations and warranties to
the Escrow Agent:

         (i) The Company is a corporation duly organized, validly existing, and
in good standing under the laws of the State of Nevada and has full power and
authority to execute and deliver this Agreement and to perform its obligations
hereunder.

         (ii) This Agreement has been duly approved by all necessary corporate
action of the Company, including any necessary shareholder approval, has been
executed by duly authorized officers of the Company, enforceable in accordance
with its terms.

         (iii) The execution, delivery, and performance by the Company of this
Agreement is in accordance with the Securities Purchase Agreement and will not
violate, conflict with, or cause a default under the certificate of
incorporation or bylaws of the Company, any applicable law or regulation, any
court order or administrative ruling or decree to which the Company is a party
or any of its property is subject, or any agreement, contract, indenture, or
other binding arrangement, including without limitation to the Securities
Purchase Agreement, to which the Company is a party.

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<PAGE>

         (iv) Jonathan Lei has been duly appointed to act as the representative
of the Company hereunder and has full power and authority to execute, deliver,
and perform this Agreement, to execute and deliver any Joint Written Direction,
to amend, modify or waive any provision of this Agreement and to take all other
actions as the Company's Representative under this Agreement, all without
further consent or direction from, or notice to, the Company or any other party.

         (v) No party other than the parties hereto and the Investor(s)s have,
or shall have, any lien, claim or security interest in the Escrow Funds or any
part thereof. No financing statement under the Uniform Commercial Code is on
file in any jurisdiction claiming a security interest in or describing (whether
specifically or generally) the Escrow Funds or any part thereof.

         (vi) All of the representations and warranties of the Company contained
herein are true and complete as of the date hereof and will be true and complete
at the time of any disbursement from the Escrow Funds.

         14. Consent to Jurisdiction and Venue. In the event that any party
hereto commences a lawsuit or other proceeding relating to or arising from this
Agreement, the parties hereto agree that the United States District Court for
the District of New Jersey shall have the sole and exclusive jurisdiction over
any such proceeding. If all such courts lack federal subject matter
jurisdiction, the parties agree that the Superior Court Division of New Jersey,
Chancery Division of Hudson County shall have sole and exclusive jurisdiction.
Any of these courts shall be proper venue for any such lawsuit or judicial
proceeding and the parties hereto waive any objection to such venue. The parties
hereto consent to and agree to submit to the jurisdiction of any of the courts
specified herein and agree to accept the service of process to vest personal
jurisdiction over them in any of these courts.

         15. Notice. All notices and other communications hereunder shall be in
writing and shall be deemed to have been validly served, given or delivered five
(5) days after deposit in the United States mails, by certified mail with return
receipt requested and postage prepaid, when delivered personally, one (1) day
delivered to any overnight courier, or when transmitted by facsimile
transmission and upon confirmation of receipt and addressed to the party to be
notified as follows:

If to Investor(s), to:         Cornell Capital Partners, LP
                               101 Hudson Street - Suite 3700
                               Jersey City, NJ 07302
                               Attention:        Mark Angelo
                                                 Portfolio Manager
                               Telephone:        (201) 985-8300
                               Facsimile:        (201) 985-8266

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<PAGE>

If to Escrow Agent, to:        David Gonzalez, Esq.
                               101 Hudson Street - Suite 3700
                               Jersey City, NJ 07302
                               Telephone:        (201) 985-8300
                               Facsimile:        (201) 985-8266

If to the Company, to:         Roaming Messenger, Inc.
                               50 Castilian Drive - Suite A
                               Santa Barbara, CA 93117
                               Attention:        Jonathan Lei, CEO
                               Telephone:        (805) 683-7626
                               Facsimile:        (805) 964-6968

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

Or to such other address as each party may designate for itself by like notice.

         16. Amendments or Waiver. This Agreement may be changed, waived,
discharged or terminated only by a writing signed by the parties hereto. No
delay or omission by any party in exercising any right with respect hereto shall
operate as waiver. A waiver on any one occasion shall not be construed as a bar
to, or waiver of, any right or remedy on any future occasion.

         17. Severability. To the extent any provision of this Agreement is
prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition, or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Agreement.

         18. Governing Law. This Agreement shall be construed and interpreted in
accordance with the internal laws of the State of New Jersey without giving
effect to the conflict of laws principles thereof.

         19. Entire Agreement. This Agreement constitutes the entire Agreement
between the parties relating to the holding, investment, and disbursement of the
Escrow Funds and sets forth in their entirety the obligations and duties of the
Escrow Agent with respect to the Escrow Funds.

         20. Binding Effect. All of the terms of this Agreement, as amended from
time to time, shall be binding upon, inure to the benefit of and be enforceable
by the respective heirs, successors and assigns of the Investor(s), the Company,
or the Escrow Agent.

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<PAGE>

         21. Execution of Counterparts. This Agreement and any Joint Written
Direction may be executed in counter parts, which when so executed shall
constitute one and same agreement or direction.

         22. Termination. Upon the first to occur of the disbursement of all
amounts in the Escrow Funds pursuant to Joint Written Directions or the
disbursement of all amounts in the Escrow Funds into court pursuant to Section 7
hereof, this Agreement shall terminate and Escrow Agent shall have no further
obligation or liability whatsoever with respect to this Agreement or the Escrow
Funds.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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<PAGE>

         IN WITNESS WHEREOF the parties have hereunto set their hands and seals
the day and year above set forth.

                                   ROAMING MESSENGER, INC.

                                   By: __________________________________
                                   Name:    Jonathan Lei
                                   Title:   CEO

                                   CORNELL CAPITAL PARTNERS, LP

                                   By:      Yorkville Advisors, LLC
                                   Its:     General Partner

                                   By: __________________________________
                                   Name:    Mark Angelo
                                   Title:   Portfolio Manager

                                   By: __________________________________
                                   Name:    David Gonzalez, Esq.

                                       11IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

                               December ___, 2005

Mountain Share Transfer, Inc.
1625 Abilene Drive
Broomfield, CO 80020-1147

Attention:_________

         RE:      ROAMING MESSENGER, INC.

Ladies and Gentlemen:

         Reference is made to that certain Securities Purchase Agreement (the
"Securities Purchase Agreement") of even date herewith by and between Roaming
Messenger, Inc., a Nevada corporation (the "Company"), and the Buyers set forth
on Schedule I attached thereto (collectively the "Buyers") and that certain
Pledge and Escrow Agreement (the "Pledge Agreement") of even date herewith among
the Company, the Buyers and David Gonzalez, as escrow agent (the "Escrow Agent")
and those certain Warrants of even date herewith between the Company and the
Buyers (the "Warrant"). Pursuant to the Securities Purchase Agreement, the
Company shall sell to the Buyers, an the Buyers shall purchase from the Company,
convertible debentures (collectively, the "Debentures") in the aggregate
principal amount of One Million Two Hundred Thousand Dollars ($1,200,000), plus
accrued interest, which are convertible into shares of the Company's common
stock, par value $0.001 per share (the "Common Stock"), at the Buyers
discretion. These instructions relate to the following stock or proposed stock
issuances or transfers:

         1.       The Company has agreed to issue to the Buyers up to 70,000,000
                  shares of the Company's Common Stock upon conversion of the
                  Debentures ("Conversion Shares") plus the shares of Common
                  Stock to be issued to the Buyers upon conversion of accrued
                  interest and liquidated damages into Common Stock (the
                  "Interest Shares")

         2.       The Company has agreed to issue to the Buyers up to 9,500,000
                  shares (the "Warrant Shares") of the Company's Common Stock
                  upon exercise of the Warrant.

<PAGE>

         3.       The Company has prepared, or will promptly prepare, a stock
                  certificate representing 2,000,000 shares (the "Escrowed
                  Shares") of the Company's Common Stock, in the Company's name,
                  that have been or are being delivered to the Escrow Agent
                  pursuant to the Pledge Agreement.

This letter shall serve as our irrevocable authorization and direction to
Mountain Share Transfer, Inc. (the "Transfer Agent") to do the following:

         1.       Conversion Shares and Warrant Shares.

                  a.       Instructions Applicable to Transfer Agent. With
                           respect to the Conversion Shares, Warrant Shares and
                           the Interest Shares, the Transfer Agent shall issue
                           the Conversion Shares, Warrant Shares and the
                           Interest Shares to the Buyers from time to time upon
                           delivery to the Transfer Agent of a properly
                           completed and duly executed Conversion Notice (the
                           "Conversion Notice"), in the form attached hereto as
                           Exhibit I, or a properly completed Exercise Notice in
                           the form attached to the Warrant as Exhibit A thereto
                           (the "Exercise Notice"), delivered on behalf of the
                           Company to the Transfer Agent by David Gonzalez, Esq.
                           (the "Escrow Agent"). Upon receipt of a Conversion
                           Notice or an Exercise Notice, the Transfer Agent
                           shall within three (3) Trading Days thereafter (i)
                           issue and surrender to a common carrier for overnight
                           delivery to the address as specified in the
                           Conversion Notice or the Exercise Notice, a
                           certificate, registered in the name of the Buyers or
                           their designees, for the number of shares of Common
                           Stock to which the Buyers shall be entitled as set
                           forth in the Conversion Notice or Exercise Notice or
                           (ii) provided Transfer Agent are participating in The
                           Depository Trust Company ("DTC") Fast Automated
                           Securities Transfer Program, upon the request of the
                           Buyers, credit such aggregate number of shares of
                           Common Stock to which the Buyers shall be entitled to
                           the Buyers' or their designees' balance account with
                           DTC through its Deposit Withdrawal At Custodian
                           ("DWAC") system provided the Buyers causes its bank
                           or broker to initiate the DWAC transaction. For
                           purposes hereof "Trading Day" shall mean any day on
                           which the Nasdaq Market is open for customary
                           trading.

                  b.       The Company hereby confirms to the Transfer Agent and
                           the Buyers that certificates representing the
                           Conversion Shares and Warrant Shares shall not bear
                           any legend restricting transfer and should not be
                           subject to any stop-transfer restrictions and shall
                           otherwise be freely transferable on the books and
                           records of the Company; provided that counsel to the
                           Company delivers (i) the Notice of Effectiveness set
                           forth in Exhibit II attached hereto and (ii) an
                           opinion of counsel in the form set forth in Exhibit
                           III attached hereto, and that if the Conversion
                           Shares, Warrant Shares and the Interest Shares are
                           not registered for sale under the Securities Act of
                           1933, as amended, then the certificates for the
                           Conversion Shares, Warrant Shares and Interest Shares
                           shall bear the following legend:

                                       2
<PAGE>

                           "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE
                           NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
                           AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
                           SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY
                           NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR
                           ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
                           STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT
                           OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES
                           LAWS, OR AN OPINION OF COUNSEL, IN A FORM REASONABLY
                           ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT
                           REQUIRED UNDER SAID ACT OR APPLICABLE STATE
                           SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144
                           UNDER SAID ACT."

                  c.       In the event that counsel to the Company fails or
                           refuses to render an opinion as required to issue the
                           Conversion Shares in accordance with the preceding
                           paragraph (either with or without restrictive
                           legends, as applicable), then the Company irrevocably
                           and expressly authorizes counsel to the Buyers to
                           render such opinion. The Transfer Agent shall accept
                           and be entitled to rely on such opinion for the
                           purposes of issuing the Conversion Shares.

                  d.       Instructions Applicable to Escrow Agent. Upon the
                           Escrow Agent's receipt of a properly completed
                           conversion notice substantially in the form attached
                           as an exhibit to the Debentures or instructions to
                           exercise the Warrant, the Escrow Agent shall, within
                           one (1) Trading Day thereafter, send to the Transfer
                           Agent a Conversion Notice in the form attached hereto
                           as Exhibit I, or an Exercise Notice, which shall
                           constitute an irrevocable instruction to the Transfer
                           Agent to process such Conversion Notice or Exercise
                           Notice in accordance with the terms of these
                           instructions.

         2.       Escrowed Shares.

                  a.       With respect to the Escrowed Shares, upon an event of
                           default as set forth in the Pledge Agreement, the
                           Escrow Agent shall send written notice to the
                           Transfer Agent ("Escrow Notice") to transfer such
                           number of Escrow Shares as set forth in the Escrow
                           Notice to the Buyers. Upon receipt of an Escrow
                           Notice, the Transfer Agent shall promptly transfer
                           such number of Escrow Shares to the Buyers as shall
                           be set forth in the Escrow Notice delivered to the
                           Transfer Agent by the Escrow Agent. Further, the
                           Transfer Agent shall promptly transfer such shares
                           from the Buyers to any subsequent transferee promptly
                           upon receipt of written notice from the Buyers or
                           their counsel. If the Escrow Shares are not
                           registered for sale under the Securities Act of 1933,
                           as amended, then the certificates for the Escrow
                           Shares shall bear the legend set forth in Section 1b.

                                       3
<PAGE>

                  b.       In the event that counsel to the Company fails or
                           refuses to render an opinion as may be required by
                           the Transfer Agent to affect a transfer of the Escrow
                           Shares (either with or without restrictive legends,
                           as applicable), then the Company irrevocably and
                           expressly authorizes counsel to the Buyers to render
                           such opinion. The Transfer Agent shall accept and be
                           entitles to rely on such opinion for the purpose of
                           transferring the Escrow Shares.

         3.       All Shares.

                  a.       The Transfer Agent shall reserve for issuance to the
                           Buyers the Conversion Shares, the Escrowed Shares and
                           Warrant Shares. All such shares shall remain in
                           reserve with the Transfer Agent until the Buyers
                           provides the Transfer Agent instructions that the
                           shares or any part of them shall be taken out of
                           reserve and shall no longer be subject to the terms
                           of these instructions.

                  b.       The Transfer Agent shall rely exclusively on the
                           Conversion Notice, the Escrow Notice or the Exercise
                           Notice and shall have no liability for relying on
                           such instructions. Any Conversion Notice, Escrow
                           Notice or Exercise Notice delivered hereunder shall
                           constitute an irrevocable instruction to the Transfer
                           Agent to process such notice or notices in accordance
                           with the terms thereof. Such notice or notices may be
                           transmitted to the Transfer Agent by facsimile or any
                           commercially reasonable method.

                  c.       The Company hereby confirms to the Transfer Agent and
                           the Buyers that no instructions other than as
                           contemplated herein will be given to Transfer Agent
                           by the Company with respect to the matters referenced
                           herein. The Company hereby authorizes the Transfer
                           Agent, and the Transfer Agent shall be obligated, to
                           disregard any contrary instructions received by or on
                           behalf of the Company.

         Certain Notice Regarding the Escrow Agent. The Company and the Transfer
Agent hereby acknowledge that the Escrow Agent is general counsel to the Buyers,
a partner of the general partner of the Buyers and counsel to the Buyers in
connection with the transactions contemplated and referred herein. The Company
and the Transfer Agent agree 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 Buyers and neither the Company nor the
Transfer Agent will seek to disqualify such counsel.

         The Company hereby agrees that it shall not replace the Transfer Agent
as the Company's transfer agent without the prior written consent of the Buyers.

         Any attempt by Transfer Agent to resign as the Company's transfer agent
hereunder shall not be effective until such time as the Company provides to the
Transfer Agent written notice that a suitable replacement has agreed to serve as
transfer agent and to be bound by the terms and conditions of these Irrevocable
Transfer Agent Instructions.

         The Company herby confirms and the Transfer Agent acknowledges that
while any portion of the Debenture remains unpaid and unconverted, the Company
and the Transfer Agent shall not, without the prior consent of the Buyers, (i)
issue any Common Stock or Preferred Stock without consideration or for a
consideration per share less than its fair market value determined immediately
prior to its issuance, (ii) issue 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 fair market value determined immediately
prior to its issuance, (iii) issue any S-8 shares of the Company's Common Stock.

                                       4
<PAGE>

           The Company and the Transfer Agent hereby acknowledge and confirm
that complying with the terms of this Agreement does not and shall not prohibit
the Transfer Agent from satisfying any and all fiduciary responsibilities and
duties it may owe to the Company.

         The Company and the Transfer Agent acknowledge that the Buyers is
relying on the representations and covenants made by the Company and the
Transfer Agent hereunder and are a material inducement to the Buyers purchasing
convertible debentures under the Securities Purchase Agreement. The Company and
the Transfer Agent further acknowledge that without such representations and
covenants of the Company and the Transfer Agent made hereunder, the Buyers would
not purchase the Debentures.

         Each party hereto specifically acknowledges and agrees that in the
event of a breach or threatened breach by a party hereto of any provision
hereof, the Buyers will be irreparably damaged and that damages at law would be
an inadequate remedy if these Irrevocable Transfer Agent Instructions were not
specifically enforced. Therefore, in the event of a breach or threatened breach
by a party hereto, including, without limitation, the attempted termination of
the agency relationship created by this instrument, the Buyers shall be
entitled, in addition to all other rights or remedies, to an injunction
restraining such breach, without being required to show any actual damage or to
post any bond or other security, and/or to a decree for specific performance of
the provisions of these Irrevocable Transfer Agent Instructions.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       5
<PAGE>

         IN WITNESS WHEREOF, the parties have caused this letter agreement
regarding Irrevocable Transfer Agent Instructions to be duly executed and
delivered as of the date first written above.

                                       COMPANY:

                                       ROAMING MESSENGER, INC.

                                       By:_________________________________
                                       Name:    Jonathan Lei
                                       Title:   CEO

                                       ____________________________________
                                       David Gonzalez, Esq.

MOUNTAIN SHARE TRANSFER, INC.

By:
   ---------------------------------
Name:
     -------------------------------
Title:
      ------------------------------

                                       6

<PAGE>

                                   SCHEDULE I

                               SCHEDULE OF BUYERS

<TABLE>
<CAPTION>
                                                                                        Address/Facsimile
Name                                    Signature                                       Number of Buyers
----------------------------            --------------------------------                --------------------------------
<S>                                     <C>                                             <C>
Cornell Capital Partners, LP            By:      Yorkville Advisors, LLC                101 Hudson Street - Suite 3700
                                        Its:     General Partner                        Jersey City, NJ  07303
                                                                                        Facsimile:       (201) 985-8266

                                        By:_____________________________
                                        Name:    Mark Angelo
                                        Its:     Portfolio Manager

</TABLE>

                                  SCHEDULE I-1

<PAGE>

                                    EXHIBIT I

                   TO IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

                            FORM OF CONVERSION NOTICE

         Reference is made to the Securities Purchase Agreement (the "Securities
Purchase Agreement") between Roaming Messenger, Inc., (the "Company"), and the
Buyers set forth on Schedule I attached thereto dated December ____ 2005. In
accordance with and pursuant to the Securities Purchase Agreement, the
undersigned hereby elects to convert convertible debentures into shares of
common stock, par value $0.001 per share (the "Common Stock"), of the Company
for the amount indicated below as of the date specified below.

Conversion Date:                                      __________________________

Amount to be converted:                               $_________________________

Conversion Price:                                     $_________________________

Shares of Common Stock Issuable:                      __________________________

Amount of Debenture unconverted:                      $_________________________

Amount of Interest Converted:                         $_________________________

Conversion Price of Interest:                         $_________________________

Shares of Common Stock Issuable:                      __________________________

Amount of Liquidated Damages:                         $_________________________

Conversion Price of Liquidated Damages:               $_________________________

Shares of Common Stock Issuable:                      __________________________

Total Number of shares of Common Stock to be issued:  __________________________

                                   EXHIBIT I-1

<PAGE>

Please issue the shares of Common Stock in the following name and to the
following address:

Issue to:                                _____________________________________

Authorized Signature:                    _____________________________________

Name:                                    _____________________________________

Title:                                   _____________________________________

Phone #:                                 _____________________________________

Broker DTC Participant Code:             _____________________________________

Account Number*:                         _____________________________________

     * Note that receiving broker must initiate transaction on DWAC System.

                                       2

<PAGE>

                                   EXHIBIT II

                   TO IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

                         FORM OF NOTICE OF EFFECTIVENESS
                            OF REGISTRATION STATEMENT

_________, 2005

_________

Attention:

RE:      ROAMING MESSENGER, INC.

Ladies and Gentlemen:

         We are counsel to Roaming Messenger, Inc., (the "Company"), and have
represented the Company in connection with that certain Securities Purchase
Agreement, dated as of December __, 2005 (the "Securities Purchase Agreement"),
entered into by and among the Company and the Buyers set forth on Schedule I
attached thereto (collectively the "Buyers") pursuant to which the Company has
agreed to sell to the Buyers up to One Million Two Hundred Thousand Dollars
($1,200,000) of secured convertible debentures, which shall be convertible into
shares (the "Conversion Shares") of the Company's common stock, par value $0.001
per share (the "Common Stock"), in accordance with the terms of the Securities
Purchase Agreement. Pursuant to the Securities Purchase Agreement, the Company
also has entered into a Registration Rights Agreement, dated as of December ___,
2005, with the Buyers (the "Investor Registration Rights Agreement") pursuant to
which the Company agreed, among other things, to register the Conversion Shares
under the Securities Act of 1933, as amended (the "1933 Act"). In connection
with the Company's obligations under the Securities Purchase Agreement and the
Registration Rights Agreement, on _______, 2005, the Company filed a
Registration Statement (File No. ___-_________) (the "Registration Statement")
with the Securities and Exchange Commission (the "SEC") relating to the sale of
the Conversion Shares.

         In connection with the foregoing, we advise the Transfer Agent that a
member of the SEC's staff has advised us by telephone that the SEC has entered
an order declaring the Registration Statement effective under the 1933 Act at
____ P.M. on __________, 2005 and we have no knowledge, after telephonic inquiry
of a member of the SEC's staff, that any stop order suspending its effectiveness
has been issued or that any proceedings for that purpose are pending before, or
threatened by, the SEC and the Conversion Shares are available for sale under
the 1933 Act pursuant to the Registration Statement.

                                  EXHIBIT II-1

<PAGE>

         The Buyers has confirmed it shall comply with all securities laws and
regulations applicable to it including applicable prospectus delivery
requirements upon sale of the Conversion Shares.

                                    Very truly yours,

                                    By:
                                       ---------------------------------

                                  EXHIBIT II-2

<PAGE>

                                   EXHIBIT III

                   TO IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

                                 FORM OF OPINION

________________ 2005

VIA FACSIMILE AND REGULAR MAIL

________________

Attention:

         RE:      ROAMING MESSENGER, INC.

Ladies and Gentlemen:

         We have acted as special counsel to Roaming Messenger, Inc. (the
"Company"), in connection with the registration of ___________shares (the
"Shares") of its common stock with the Securities and Exchange Commission (the
"SEC"). We have not acted as your counsel. This opinion is given at the request
and with the consent of the Company.

         In rendering this opinion we have relied on the accuracy of the
Company's Registration Statement on Form SB-2, as amended (the "Registration
Statement"), filed by the Company with the SEC on _________ ___, 2005. The
Company filed the Registration Statement on behalf of certain selling
stockholders (the "Selling Stockholders"). This opinion relates solely to the
Selling Shareholders listed on Exhibit "A" hereto and number of Shares set forth
opposite such Selling Stockholders' names. The SEC declared the Registration
Statement effective on __________ ___, 2005.

         We understand that the Selling Stockholders acquired the Shares in a
private offering exempt from registration under the Securities Act of 1933, as
amended. Information regarding the Shares to be sold by the Selling Shareholders
is contained under the heading "Selling Stockholders" in the Registration
Statement, which information is incorporated herein by reference. This opinion
does not relate to the issuance of the Shares to the Selling Stockholders. The
opinions set forth herein relate solely to the sale or transfer by the Selling
Stockholders pursuant to the Registration Statement under the Federal laws of
the United States of America. We do not express any opinion concerning any law
of any state or other jurisdiction.

         In rendering this opinion we have relied upon the accuracy of the
foregoing statements.

                                  EXHIBIT III-1

<PAGE>

         Based on the foregoing, it is our opinion that the Shares have been
registered with the Securities and Exchange Commission under the Securities Act
of 1933, as amended, and that ________ may remove the restrictive legends
contained on the Shares. This opinion relates solely to the number of Shares set
forth opposite the Selling Stockholders listed on Exhibit "A" hereto.

         This opinion is furnished to Transfer Agent specifically in connection
with the issuance of the Shares, and solely for your information and benefit.
This letter may not be relied upon by Transfer Agent in any other connection,
and it may not be relied upon by any other person or entity for any purpose
without our prior written consent. This opinion may not be assigned, quoted or
used without our prior written consent. The opinions set forth herein are
rendered as of the date hereof and we will not supplement this opinion with
respect to changes in the law or factual matters subsequent to the date hereof.

Very truly yours,

                                  EXHIBIT III-2
<PAGE>

                                   EXHIBIT "A"

                         (LIST OF SELLING STOCKHOLDERS)

Name:                                               No. of Shares:
-------------------------------------------------   ----------------------------

                                   EXHIBIT A-1

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