Document:

Exhibit 10.9

                          RESTRICTED ACCOUNT AGREEMENT
                          ----------------------------

     This Restricted Account Agreement (this "Agreement") is entered into this
28th day of May 2004, by and among NORTH FORK BANK, a New York banking
corporation with offices at 275 Broadhollow Road, Melville, New York 11747
(together with its successors and assigns, the "Bank"), SDA AMERICA, INC., a
Delaware corporation with offices at 230 Park Avenue, 10th Floor, New York, NY
10169 (together with its successors and assigns, the "Company"), and LAURUS
MASTER FUND, LTD., a Cayman Islands corporation with offices at 825 Third
Avenue, 14th Floor, New York, New York 10022 (together with its successors and
assigns, "Laurus"). Unless otherwise defined herein, capitalized terms used
herein shall have the meaning provided such terms in the Purchase Agreement
referred to below.

     WHEREAS, the Company has issued Series A Preferred to Laurus, which Series
A Preferred is subject to the terms of a Securities Purchase Agreement dated as
of the date hereof (as amended, modified or supplemented from time to time, the
"Purchase Agreement"), among the Company, Secured Digital Applications, Inc. and
Laurus, and the Related Agreements referred to therein;

     WHEREAS, the Company and Laurus have retained the Bank to provide certain
services with respect to the Restricted Account (as defined below); and

     WHERERAS, the Company and Laurus have agreed that an amount of cash equal
to $6,500,000 shall be deposited by Laurus on behalf of the Company by wire
transfer of immediately available funds into the Restricted Account, which cash
shall be held by the Bank for the benefit of Laurus, as security for Secured
Digital Applications, Inc.'s, the Company's and their respective Subsidiaries'
obligations under the Purchase Agreement and the Related Agreements. For the
purposes of this Agreement, the "Restricted Account" shall mean that certain
deposit account (as defined in Section 9-102 of the Uniform Commercial Code as
in effect in the State of New York on the date hereof) described on Exhibit B
hereto, which Restricted Account shall be maintained at the Bank and shall be in
the sole dominion and control of Laurus;

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

     1. The Bank is hereby authorized to accept for deposit into the Restricted
Account the sum of $6,500,000. The Bank hereby agrees to hold any and all
monies, and other amounts from time to time on deposit and/or held in the
Restricted Account for the benefit of the Laurus and shall not release any
monies held in the Restricted Account until such time as the Bank shall have
received a notice from Laurus substantially in the form attached hereto as
Exhibit A (a "Release Notice"). Following the receipt of a Release Notice from
Laurus, the Bank agrees to promptly disburse the amount of cash referred to in
such Release Notice to such account as Laurus shall determine in its sole
discretion. The Bank hereby agrees that it will only comply with written
instructions originated by Laurus directing disposition of funds in the

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Restricted Account. The Company hereby irrevocably authorizes the Bank to comply
with any and all instructions given to the Bank by Laurus with respect to the
Restricted Account without further consent by the Company. The Bank, the Company
and Laurus agree that the Restricted Account is in Laurus' sole dominion and
control.

     2. Each of the Company, Laurus and the Bank hereby agrees that the
Restricted Account shall not be closed, and the account name and account number
in respect thereof shall not be changed, in any case, without the consent of the
Laurus, except as specifically provided for in Section 9 below.

     3. The Bank hereby subordinates any claims and security interests it may
have against, or with respect to, the Restricted Account (including any amounts
from time to time on deposit therein) to the security interests of Laurus
therein, and agrees that no amounts shall be charged by it to, or withheld or
set-off or otherwise recouped by it from, the Restricted Account or any amounts
from time to time on deposit therein; provided that, in connection with all
service charges and any other charges which the Bank is entitled to receive in
connection with the servicing and maintaining of the Restricted Account (such
charges, collectively, the "Charges"), each of the Company, Laurus and the Bank
hereby agrees that the Bank will collect such Charges in the following manner:
(i) first, the Bank will charge other deposit accounts maintained by the Company
with the Bank, (ii) second, in the event that there are insufficient collected
funds in such other deposit accounts to pay such Charges, the Bank will promptly
notify the Company and Laurus with respect to same and, within seven (7)
business days of the Company's receipt of such notice, the Company shall pay to
the Bank the full amount of such Charges then due, and (iii) third, if the
Company fails to pay to the Bank such Charges then due within the time period
set forth in the preceding clause (ii), the Bank will promptly provide a written
notice to Laurus of such occurrence and, in such case, the Bank is hereby
authorized, following a period of five (5) business days after the receipt of
such written notice by Laurus, to deduct such Charges then due from the
Restricted Account, unless, during such five (5) business day period, Laurus
pays the amount of any such Charges then due to the Bank from its own account.
Except for the payment of the Charges as set forth in the immediately preceding
proviso, the Bank agrees that it shall not offset, deduct or claim against the
Restricted Account unless and until Laurus has notified the Bank in writing that
all of the Company's obligations under the Purchase Agreement and the Related
Agreements have been performed.

     4. The Company and the Bank agree that the maintenance by the Bank of the
Restricted Account shall be as agent for Laurus. The Bank shall be responsible
for the performance of only such duties as are set forth herein. The Bank's
duties hereunder, however, are merely ministerial, and the Bank shall have no
liability or obligation to the Company or Laurus or to any other person for any
act or omission of the Bank in connection with the performance of the Bank's
duties in servicing and/or maintaining the Restricted Account, except for acts
of gross negligence or willful misconduct by Bank. IN NO EVENT, HOWEVER, SHALL
THE BANK HAVE ANY RESPONSIBILITY FOR CONSEQUENTIAL, INDIRECT, SPECIAL OR
EXEMPLARY DAMAGES OR LOST PROFITS, WHETHER OR NOT IT HAS NOTICE THEREOF, AND
REGARDLESS OF THE BASIS, THEORY OR NATURE OF THE ACTION UPON WHICH THE CLAIM IS
ASSERTED, NOR SHALL IT HAVE ANY RESPONSIBILITY OR LIABILITY FOR THE VALIDITY OR
ENFORCEABILITY OF ANY SECURITY INTEREST OR OTHER INTEREST OF LAURUS OR THE
COMPANY IN THE RESTRICTED ACCOUNT. In furtherance of and without limiting the
foregoing, the Company and Laurus agree that the Bank shall not be liable for
any damage or loss to them for any delay or failure of performance arising out

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<PAGE>

of the acts or omissions of any third parties, including, but not limited to,
various communication services, courier services, the Federal Reserve system,
any other bank or any third party who may be affected by funds transactions,
fire, mechanical, computer or electrical failures or other unforeseen
contingencies, strikes or any similar or dissimilar cause beyond the reasonable
control of the Bank. This paragraph shall survive the termination of this
Agreement.

     5. Except where the Bank has been grossly negligent or has acted in bad
faith, each of Laurus and the Company and their respective successors and
assigns will release the Bank from and shall indemnify and hold the Bank
harmless from and against any and all losses, claims, damages, liabilities,
costs and expenses (including, without limitation, reasonable counsel fees,
whether arising in an action or proceeding among the parties hereto or
otherwise, without regard to the merit or lack of merit thereof) to which the
Bank may become subject, or which it may suffer or incur, arising out of or
based upon this Agreement or the actions contemplated hereby. This paragraph
shall survive termination of this Agreement.

     6. The Bank shall be fully protected in acting on any order or direction by
Laurus respecting the items received by the Bank or the monies or other items in
the Restricted Account without making any independent inquiry whatsoever as to
Laurus' rights or authority to give such order or direction or as to the
application of any payments made pursuant thereto.

     7. Nothing in this Agreement shall be deemed to prohibit the Bank from
complying with its customary procedures in the event that it is served with any
legal process with respect to the Restricted Account.

     8. The rights and powers granted in this to Laurus have been granted in
order to protect and further perfect its security interests in the Restricted
Account (including any amounts from time to time on deposit therein) and are
powers coupled with an interest and will be affected neither by any purported
revocation by the Company of this Agreement or the rights granted to Laurus
hereunder or by the bankruptcy, insolvency, conservatorship or receivership of
the Company or the Bank or by the lapse of time.

     9. This Agreement may not be amended or waived except by an instrument in
writing signed by each of the parties hereto. This Agreement may be terminated
by the Bank upon giving the Company and Laurus thirty (30) days prior written
notice. Laurus shall designate a successor bank on or prior to the effective
date of such termination and the Bank shall deliver the balance in the
Restricted Account to such successor bank. Any notice required to be given
hereunder may be given, and shall be deemed given when delivered, via telefax,
U.S. mail return receipt requested or nationally recognized overnight courier to
each of the parties at the address set forth above. This Agreement may be
executed in any number of counterparts, each of which shall be an original and
all of which, when taken together, shall constitute one agreement. Delivery of
an executed signature page of this Agreement by facsimile transmission shall be
effective as delivery of a manually executed counterpart hereof or thereof, as
the case may be. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of New York, without regard to its
conflict of laws principles. This Agreement sets forth the entire agreement

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between the parties hereto as to the matters set forth herein and supersede all
prior communications, written or oral, with respect to the matters herein. EACH
OF THE PARTIES HERETO HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO
ANY CLAIM, ACTION, SUIT OR PROCEEDING ARISING OUT OF OR CONTEMPLATED BY THIS
AGREEMENT. THE BANK, THE COMPANY AND LAURUS EACH HEREBY SUBMIT TO THE EXCLUSIVE
JURISDICTION OF THE FEDERAL AND NEW YORK STATE COURTS LOCATED IN THE COUNTY OF
NEW YORK IN CONNECTION WITH ANY DISPUTE RELATED TO THIS AGREEMENT OR ANY MATTERS
CONTEMPLATED HEREBY OR THEREBY.

                                     * * * *

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         Agreed and accepted as of the date set forth above.

                                 NORTH FORK BANK

                                 By:    /S/Sheldon Selman
                                 Name:  Sheldon Selman
                                 Title: Branch Manager

                                 LAURUS MASTER FUND, LTD.

                                 By:   /s/ David Grin
                                          Name: David Grin
                                          Title:  Director

                                  SDA AMERICA, INC.

                                 By:  /s/ Patrick Soon-Hock Lim
                                      Name:  Patrick Soon-Hock Lim
                                      Title:   Chairman

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<PAGE>

                                    EXHIBIT A

                                 RELEASE NOTICE

To:      North Fork Bank
         404 Fifth Ave.,  Suite 1
            New York, NY  10018

Re:      Account Name: ____________
         Account Number: ___________

     Reference is made to that certain Restricted Account Agreement, dated as of
May 28, 2004 (the "Restricted Account Agreement"), among North Fork Bank (the
"Bank"), SDA America, Inc. (the "Company"), and Laurus Master Fund, Ltd.
("Laurus").

     This is to notify you that Laurus authorizes the release of $_____________
(the "Release Amount") from the account referenced above in accordance with the
terms of the Restricted Account Agreement. Within one business day following the
receipt of this Release Notice, the Bank hereby agrees to wire the Release
Amount (or, in the event that the amount in the Restricted Account is less than
the Release Amount, such lesser amount) to the following account in accordance
with the wire instructions set forth below:

                                       [Insert Wire Instructions]

                                       LAURUS MASTER FUND, LTD.

                                       By:_____________________
                                       Name:
                                       Title:

         Agreed and accepted this __ day of ___________ 200__.

         NORTH FORK BANK

         By: ______________________________
         Name:
         Title:

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                                    EXHIBIT B

                               Restricted Account
                               ------------------

o        Bank:                      North Fork Bank

o        Bank Routing Number:       021407912
         Attn:                      Sheldon Selman
         Phone:                     212-967-9400

         Account Name:     ________________

         Account #:        _______________

                                       7Exhibit 10.10
                            LAURUS MASTER FUND, LTD.
                          825 Third Avenue, 14th Floor
                            New York, New York 10022

                                                                 May 28, 2004

SDA AMERICA, INC.
230 Park Avenue, 10th Floor
New York, NY 10169
Attn:  Jay McDaniel

         Re:      Restricted Account: Account Number 2704051693,
         Account Name: SDA America Inc. maintained at North Fork Bank
         (the "Restricted Account").
         -----------------------------------------------------------------------

     Reference is made to (i) that certain Securities Purchase Agreement,  dated
as of May 28, 2004 (as amended,  modified or supplemented from time to time, the
"Purchase  Agreement"),  by and among  Secured  Digital  Applications,  Inc.,  a
Delaware corporation (the "Parent"),  SDA AMERICA,  INC., a Delaware corporation
(the "Company"),  and Laurus Master Fund, Ltd. (the "Purchaser") relating to the
issuance  of the Series A Preferred  referred  to therein and (ii) that  certain
Restricted Account Agreement,  dated as of May 28, 2004 (as amended, modified or
supplemented  from time to time, the  "Restricted  Account  Agreement"),  by and
among the Company,  Laurus and North Fork Bank (the "Bank").  Capitalized  terms
used but not  defined  herein  shall  have  the  meanings  ascribed  them in the
Purchase Agreement or the Restricted Account Agreement, as applicable.  Pursuant
to the Section 3.2 of the Purchase  Agreement,  the Company is required to place
$6,500,000 in the  Restricted  Account,  and,  subject to the provisions of this
letter, the Purchase  Agreement and any Related Agreement,  maintain such amount
in the  Restricted  Account  for  as  long  as  the  Purchaser  shall  hold  any
outstanding  Series A  Preferred  and to assign the  Restricted  Account for the
benefit of the Purchaser as security for the  performance  of the Parent's,  the
Company's  and  each  of  their  respective  Subsidiaries'  obligations  to  the
Purchaser.

     The Purchaser and the Company desire to clarify certain  aspects  regarding
the  use  of  funds   contained  in  the  Restricted   Account,   and  for  good
consideration,  the receipt and sufficiency of which is here  acknowledged,  the
Company and the Purchaser agree that,  promptly  following any conversion of any
amount of the  outstanding  Series A Preferred  into Common Stock of the Company
(such event, a "Conversion"), the Purchaser shall direct the Bank, pursuant to a
Release  Notice (as defined in the  Restricted  Account  Agreement),  to wire an
amount of funds equal to the corresponding  dollar amount by which the aggregate
Stated  Value of all  outstanding  Series A  Preferred  Shares has been  reduced
pursuant to such a Conversion  from the Restricted  Account to such bank account
as the Company may direct the Purchaser in writing.

     This letter may not be amended or waived except by an instrument in writing
signed by the  Company  and the  Purchaser.  This  letter may be executed in any
number of  counterparts,  each of which shall be an  original  and all of which,
when taken  together,  shall  constitute one agreement.  Delivery of an executed
signature  page of this letter by facsimile  transmission  shall be effective as

<PAGE>

delivery of a manually executed  counterpart hereof or thereof,  as the case may
be. This letter shall be governed by, and construed in accordance with, the laws
of the State of New York.  This letter sets forth the entire  agreement  between
the parties  hereto as to the matters set forth herein and  supersede  all prior
communications, written or oral, with respect to the matters herein.

         If the foregoing meets with your approval please signify your
acceptance of the terms hereof by signing below.

                                     Signed,

                                     Laurus Master Fund, Ltd.

                                     By:   /s/ David Grin
                                     Name:  David Grin
                                     Title:  Director

Agreed and Accepted this 28th day of May, 2004.

SDA AMERICA, INC.

By:  /s/ Patrick Soon-Hock Lim
Name:    Patrick Soon-Hock Lim
Title:   Chairman

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