Document:

EXHIBIT 10.4
                                ESCROW AGREEMENT

                  THIS ESCROW  AGREEMENT (this  "Agreement") is made as of March
28,  2005,  by and among  Roaming  Messenger,  Inc.  a Nevada  corporation  (the
"Company"),  Wings Fund,  Inc.,  a Nevada  corporation  (the  "Purchaser"),  and
Sichenzia  Ross  Friedman  Ference  LLP,  with an address at 1065  Avenue of the
Americas, New York, New York 10036 (the "Escrow Agent").  CAPITALIZED TERMS USED
BUT NOT  DEFINED  HEREIN  SHALL HAVE THE  MEANINGS  SET FORTH IN THE  SECURITIES
PURCHASE AGREEMENT REFERRED TO IN THE FIRST RECITAL.

                              W I T N E S S E T H:

                  WHEREAS, the Purchaser will be purchasing from the Company, in
the aggregate,  up to $500,000 in the aggregate, of the common stock, $0.001 par
value  per  share  (the  "Common  Stock")  of the  Company  as set  forth in the
Securities  Purchase Agreement (the "Purchase  Agreement") dated the date hereof
between the Purchaser and the Company, which securities will be issued under the
terms contained herein and in the Purchase Agreement; and

                  WHEREAS, it is intended that the purchase of the securities be
consummated  in  accordance  with the  requirements  set forth in  Regulation  D
promulgated under the Securities Act of 1933, as amended; and

                  WHEREAS, the Company and the Purchaser have requested that the
Escrow Agent hold the Subscription  Amounts in escrow until the Escrow Agent has
received the Release Notice in the form attached hereto from the Company and the
Purchaser;

                  NOW,  THEREFORE,  in consideration of the covenants and mutual
promises contained herein and other good and valuable consideration, the receipt
and legal  sufficiency  of which are hereby  acknowledged  and  intending  to be
legally bound hereby, the parties agree as follows:

                                   ARTICLE 1
                               TERMS OF THE ESCROW

         1.1. The parties  hereby agree to establish an escrow  account with the
Escrow  Agent  whereby the Escrow Agent shall hold the funds for the purchase of
up to $500,000,  in the aggregate,  of shares of Common Stock as contemplated by
the Purchase Agreement.

         1.2. Upon the Escrow Agent's receipt of the Subscription Amount for the
Closing into its master escrow account,  together with executed  counterparts of
this Agreement,  the Purchase Agreement and the Registration Rights Agreement it
shall telephonically advise the Company, or the Company's designated attorney or
agent, of the amount of funds it has received into its master escrow account.

                                       1
<PAGE>

         1.3. Wire transfers to the Escrow Agent shall be made as follows:

                         HSBC Bank USA
                         950 Third Avenue
                         New York, NY 10022

                         A/C of Sichenzia Ross Friedman Ference LLP, IOLA
                         A/C# 629034125
                         ABA# 021001088

         1.4 The Company,  promptly  following being advised by the Escrow Agent
that the Escrow Agent has received the Subscription Amount for the Closing along
with facsimile  copies of the stock  certificate  representing  the Common Stock
purchased  by  Purchaser  and  counterpart   signature  pages  of  the  Purchase
Agreement,  the Registration  Rights  Agreement,  the Periodic Equity Investment
Agreement and this Agreement from Purchaser, shall deliver to the Escrow Agent:

         (a) the Company's executed counterpart of the Purchase Agreement;

         (b) the  Company's  executed  counterpart  of the  Registration  Rights
Agreement;

         (c)  the  Company's  original  executed   counterpart  of  this  Escrow
Agreement;

         (d)  the  Company's  original  executed  counterpart  of  the  Periodic
Investment Agreement; and

         (d) a copy of the certificate  representing  the shares of Common Stock
to be issued to the Purchaser.

         1.5 In the event that the foregoing items are not in the Escrow Agent's
possession  within  five (5)  Trading  Days of the Escrow  Agent  notifying  the
Company  that the Escrow  Agent has custody of the  Subscription  Amount for the
Closing,  then  Purchaser  shall  have the  right to  demand  the  return of the
Subscription Amount.

         1.6 Once the  Escrow  Agent  receives  a  Release  Notice,  in the form
attached hereto as Exhibit X, (the "Release Notice") executed by the Company and
Purchaser, it shall wire the escrow funds pursuant to the Release Notice.

         1.7 Wire  transfers  to the Company  shall be made  pursuant to written
instructions from the Company provided to the Escrow Agent on the Closing Date.

         1.8  Once  the  funds  (as set  forth  above)  have  been  sent per the
Company's  instructions,  the  Company  shall  issue  the  Common  Stock  to the
Investor.

                                       2
<PAGE>

                                   ARTICLE II

                                  MISCELLANEOUS

         2.1 No  waiver  or any  breach  of any  covenant  or  provision  herein
contained  shall be  deemed a  waiver  of any  preceding  or  succeeding  breach
thereof, or of any other covenant or provision herein contained. No extension of
time for  performance  of any  obligation or act shall be deemed an extension of
the time for performance of any other obligation or act.

         2.2 All notices or other communications required or permitted hereunder
shall be in writing, and shall be sent as set forth in the Purchase Agreement.

         2.3 This Escrow  Agreement shall be binding upon and shall inure to the
benefit of the permitted successors and permitted assigns of the parties hereto.

         2.4 This Escrow  Agreement is the final expression of, and contains the
entire agreement between,  the parties with respect to the subject matter hereof
and  supersedes  all prior  understandings  with  respect  thereto.  This Escrow
Agreement may not be modified, changed,  supplemented or terminated, nor may any
obligations  hereunder  be waived,  except by written  instrument  signed by the
parties to be charged or by its agent duly authorized in writing or as otherwise
expressly permitted herein.

         2.5  Whenever  required by the context of this  Escrow  Agreement,  the
singular shall include the plural and masculine shall include the feminine. This
Escrow Agreement shall not be construed as if it had been prepared by one of the
parties,  but rather as if all parties had prepared the same.  Unless  otherwise
indicated, all references to Articles are to this Escrow Agreement.

         2.6 The parties hereto expressly agree that this Escrow Agreement shall
be governed by,  interpreted under and construed and enforced in accordance with
the laws of the State of New York.  Any action to  enforce,  arising  out of, or
relating in any way to, any  provisions of this Escrow  Agreement  shall only be
brought in a state or Federal court sitting in New York City.

         2.7 The  Escrow  Agent's  duties  hereunder  may be  altered,  amended,
modified or revoked only by a writing  signed by the Company,  Purchaser and the
Escrow Agent.

         2.8 The Escrow Agent shall be  obligated  only for the  performance  of
such  duties  as are  specifically  set forth  herein  and may rely and shall be
protected  in relying or  refraining  from acting on any  instrument  reasonably
believed by the Escrow  Agent to be genuine and to have been signed or presented
by the proper party or parties.  The Escrow Agent shall not be personally liable
for any act the Escrow  Agent may do or omit to do hereunder as the Escrow Agent
while  acting in good faith and in the  absence of gross  negligence,  fraud and
willful misconduct,  and any act done or omitted by the Escrow Agent pursuant to
the advice of the Escrow Agent's  attorneys-at-law  shall be conclusive evidence
of such good  faith,  in the  absence  of gross  negligence,  fraud and  willful
misconduct.

         2.9 The Escrow Agent is hereby  expressly  authorized  to disregard any
and all  warnings  given by any of the parties  hereto or by any other person or
corporation, excepting only orders or process of courts of law and is hereby

                                       3
<PAGE>

expressly authorized to comply with and obey orders, judgments or decrees of any
court. In case the Escrow Agent obeys or complies with any such order,  judgment
or decree,  the Escrow Agent shall not be liable to any of the parties hereto or
to any  other  person,  firm or  corporation  by  reason  of such  decree  being
subsequently reversed,  modified,  annulled, set aside, vacated or found to have
been entered without jurisdiction.

         2.10 The Escrow  Agent shall not be liable in any respect on account of
the identity,  authorization or rights of the parties executing or delivering or
purporting  to execute or deliver the  Purchase  Agreement  or any  documents or
papers  deposited or called for  thereunder in the absence of gross  negligence,
fraud and willful misconduct.

         2.11 The Escrow  Agent shall be  entitled to employ such legal  counsel
and other experts as the Escrow Agent may deem necessary  properly to advise the
Escrow Agent in connection  with the Escrow Agent's duties  hereunder,  may rely
upon  the  advice  of  such  counsel,   and  may  pay  such  counsel  reasonable
compensation; provided that the costs of such compensation shall be borne by the
Escrow Agent.

         2.12 The Escrow  Agent's  responsibilities  as escrow  agent  hereunder
shall terminate if the Escrow Agent shall resign by giving written notice to the
Company and the Purchaser.  In the event of any such resignation,  the Purchaser
and the Company  shall  appoint a successor  Escrow  Agent and the Escrow  Agent
shall  deliver  to such  successor  Escrow  Agent  any  escrow  funds  and other
documents held by the Escrow Agent.

         2.13  If  the  Escrow  Agent  reasonably   requires  other  or  further
instruments in connection  with this Escrow  Agreement or obligations in respect
hereto, the necessary parties hereto shall join in furnishing such instruments.

         2.14 It is  understood  and agreed that  should any dispute  arise with
respect to the delivery and/or ownership or right of possession of the documents
or the escrow  funds held by the Escrow  Agent  hereunder,  the Escrow  Agent is
authorized and directed in the Escrow  Agent's sole  discretion (1) to retain in
the Escrow  Agent's  possession  without  liability to anyone all or any part of
said  documents or the escrow funds until such disputes  shall have been settled
either by mutual  written  agreement of the parties  concerned by a final order,
decree  or  judgment  or a court of  competent  jurisdiction  after the time for
appeal has expired and no appeal has been perfected,  but the Escrow Agent shall
be under no duty  whatsoever to institute or defend any such  proceedings or (2)
to deliver the escrow  funds and any other  property and  documents  held by the
Escrow Agent  hereunder to a state or Federal  court  having  competent  subject
matter  jurisdiction  and located in the City of New York in accordance with the
applicable procedure therefore

         2.15 The Company and Purchaser agree jointly and severally to indemnify
and hold  harmless  the Escrow  Agent and its  partners,  employees,  agents and
representatives from any and all claims,  liabilities,  costs or expenses in any
way arising  from or relating to the duties or  performance  of the Escrow Agent
hereunder or the transactions  contemplated  hereby or by the Purchase Agreement
other  than any such  claim,  liability,  cost or expense to the extent the same
shall  have  been  determined  by  final,  unappealable  judgment  of a court of
competent  jurisdiction  to have  resulted from the gross  negligence,  fraud or
willful misconduct of the Escrow Agent.

                                       4
<PAGE>

                            ************************

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

ROAMING MESSENGER, INC.

By:__________________________________________
     Name:
     Title:

WINGS FUND, INC.

By: ________________________________________
      Name:
      Title:

ESCROW AGENT:

SICHENZIA ROSS FRIEDMAN FERENCE LLP

By:__________________________________________
     Name:
     Title:

                                       5
<PAGE>

                                                               Exhibit X to
                                                               Escrow Agreement

                                 RELEASE NOTICE

         THE UNDERSIGNED,  pursuant to the Escrow  Agreement,  dated as of March
28, 2005, among Roaming  Messenger,  Inc., the Purchaser  signatory  thereto and
Sichenzia  Ross Friedman  Ference LLP, as Escrow Agent (the "Escrow  Agreement";
capitalized terms used herein and not defined shall have the meaning ascribed to
such terms in the Escrow Agreement), hereby notify the Escrow Agent that each of
the conditions  precedent to the purchase and sale of the Common Stock set forth
in the Securities  Purchase  Agreement have been satisfied.  The Company and the
undersigned   Purchaser   hereby   confirm   that   all  of   their   respective
representations  and warranties  contained in the Purchase Agreement remain true
and correct and authorize the release by the Escrow Agent of the funds, pursuant
to the  attached  disbursement  memo,  and any  documents  to be released at the
Closing as described in the Escrow  Agreement.  This Release Notice shall not be
effective until executed by the Company and the Purchaser.

         This Release Notice may be signed in one or more counterparts,  each of
which shall be deemed an original.

         IN WITNESS WHEREOF,  the undersigned have caused this Release Notice to
be duly executed and delivered as of this __ day of March 2005.

ROAMING MESSENGER, INC.

By:__________________________________________
     Name:
     Title:

WINGS FUND, INC.

By: _________________________________________
       Name:
       Title:

<PAGE>

                                DISBURSEMENT MEMO

Attention:  Escrow Agent:

         These  instructions  are given to you pursuant to the Escrow  Agreement
among Roaming  Messenger,  Inc. (the "Company"),  Wings Fund, Inc. and Sichenzia
Ross Friedman Ference LLP as Escrow Agent. Subject to the terms set forth below,
you are instructed to disburse $500,000 of the Purchaser's funds received by you
on the Company's behalf as follows:

         1. $480,000 - Roaming  Messenger,  Inc.  pursuant to the following wire
instructions:

         Bank:             Bank of America
                           5892 Calle Real
                           Santa Barbara, CA 93117

         Account Name:     Roaming Messenger Inc.
         Account No:       04164-08495
         ABA Routing:      121000358
         Swift Number:

         2. $20,000 -Sichenzia Ross Friedman Ference LLP (legal fees),  pursuant
to the following wire instructions:

                           HSBC Bank USA
                           950 Third Avenue
                           New York, NY 10022

                           A/C of Sichenzia Ross Friedman Ference LLP
                           A/C#   629034133
                           ABA# 021001088EXHIBIT 4.1
                                                                     -----------

NEITHER THESE SECURITIES NOR THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE
BEEN REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR THE
SECURITIES COMMISSION OF ANY STATE OR CANADIAN PROVINCE, OR UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). THE SECURITIES ARE RESTRICTED
AND MAY NOT BE OFFERED, RESOLD, PLEDGED OR TRANSFERRED EXCEPT AS PERMITTED UNDER
THE SECURITIES ACT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN
EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS.

                             SEMOTUS SOLUTIONS, INC.

               Incorporated Under the Laws of the State of Nevada

                                                       400,000 Common Stock
                                                       Purchase Warrants

                          CERTIFICATE FOR COMMON STOCK
                                PURCHASE WARRANTS

         1. Warrants. This Warrant Certificate certifies that ARI KAPLAN, or
registered assigns (the "Holder"), is the registered owner of the
above-indicated number of Warrants expiring on March 28, 2015 ("Expiration
Date"). One (1) Warrant entitles the Holder to purchase one share of common
stock, $.01 par value ("Share"), from Semotus Solutions, Inc., a Nevada
corporation ("Company"), at a purchase price of $0.37 per share ("Exercise
Price"), commencing March 28, 2005, and terminating or expiring according to
Section 4, upon surrender of this Warrant Certificate with the exercise form
hereon (or the Warrant Conversion Form in the case of a warrant conversion
pursuant to Section 3(b) below) duly completed and executed with payment of the
Exercise Price at the offices of the Company, 16400 Lark Ave., Suite 230, Los
Gatos, CA 95032.

         2. Transfer of Warrants. The Warrants represented by this Warrant
Certificate shall not be transferable except upon the death of the Holder and
then only to the estate of the Holder or pursuant to the Holder's will or the
applicable laws of descent and distribution.

         3.       (a) Exercise of Warrant. The Warrant may be exercised in whole
or in part in accordance with the vesting schedule set forth below, on or before
the Expiration Date or Termination Date upon surrender of the Warrant in
conjunction with Form of Election to Purchase and the payment at the Exercise
Price stipulated above. If the Warrant is exercised in part, then the Holder
shall be entitled to receive a new Warrant covering the remaining number of
Warrant Shares not exercised.

                  (b) Vesting Schedule. The Employee will have the right, but
not the obligation, to exercise the Option shares for an amount equivalent to
the Exercise Price in accordance with the following schedule:

         One Fourth (1/4) of the Shares covered by the Option shall vest
         immediately on the Grant Date; and thereafter, One-Thirty-Sixth (1/36)
         of the total Shares covered by this Option, rounded to the nearest
         whole Share, shall vest after each monthly anniversary of the Date of
         Grant.

                  (c) Conversion Right. In addition to and without limiting the
rights of the Warrantholder under the terms of the Warrant, the Holder shall
have the right (the "Conversion Right") to convert this Warrant or any portion
thereof into Shares as provided in this Section 3 at any time or from time to
time prior to its expiration.) Upon exercise of the Conversion Right with
respect to a particular number of Warrants (the
<PAGE>

"Converted Warrants"), the Company shall deliver to the Holder, without payment
by the Holder of any Exercise Price or any cash or other consideration, that
number of Shares computed using the following formula:

                  X         =       Y(A-B)
                                    ------
                                       A

                  Where:    X =  the number of Shares and/or Warrants to be
                                 issued to the Holder;

                            Y =  the number of Shares and/or Warrants to be
                                 converted under this Warrant;

                            A =  the Current Market Price of one share of Common
                                 Stock; and

                            B =  the Share Exercise Price.

         4. Termination and Expiration of Warrants.

                  (a) Expiration of Warrant. No Warrant may be exercised or
converted after 5:00 p.m. Pacific Time on the Expiration Date and any Warrant
not exercised or converted by such time shall become void, unless the Expiration
Date of this Warrant is extended by the Company.

                  (b) Termination of Warrant. Except as provided below in this
Section, this Warrant shall terminate and may not be exercised if the Holder
ceases to be employed by the Company or any Parent or Subsidiary of the Company.
The Holder shall be considered to be employed by the Company for all purposes
under this Warrant if the Holder is an officer or full-time employee of the
Company or any Parent, Subsidiary or Affiliate of the Company or if the board of
directors of the Company determines that the Holder is rendering substantial
services as a part-time employee, consultant or adviser to the Company or any
Parent, Subsidiary or Affiliate of the Company. The board of directors of the
Company shall have discretion to determine whether the Holder has ceased to be
employed by the Company or any Parent, Subsidiary or Affiliate of the Company
and the effective date on which such employment terminated (the "Termination
Date").

                  (i) Death. If the Holder's employment is terminated by death,
the Holder's estate shall have the right, for a period of six (6) months
following the date of the Holder's death, to exercise this Warrant to the extent
it was exercisable by the Holder on the date of death. The Holder's estate shall
mean the Holder's legal representative upon death or any person who acquires the
right to exercise this Warrant by reason of such death under the Holder's will
or the laws of intestate succession.

                  (ii) Disability. If The Holder's employment is terminated
because of a permanent and total disability (as defined in the Internal Revenue
Code Section 22(e)(3)), The Holder or the Holder's estate may, within six (6)
months following such termination, exercise this Warrant to the extent it was
exercisable by the Holder on the date of such termination.

                  (iii) Other Termination. If the Holder's employment is
terminated for any reason other than those provided in Subsections above, the
Holder may, within the later of (A) three (3) months following such termination
and (B) three (3) months following the first anniversary of the Grant Date,
exercise this Warrant to the extent it was exercisable by the Holder on the date
of such termination. This Warrant shall terminate upon the expiration of such
three (3) month period.
<PAGE>

                  (c) Transfer to Related Corporation. In the event the Holder
leaves the employ of the Company to become an employee of any Parent or
Subsidiary or if the Holder leaves the employ of any such Parent or Subsidiary
to become an employee of the Company or of another Parent or Subsidiary, the
Holder shall be deemed to continue as an employee of the Company for all
purposes of this Agreement.

                  (d) No Right to Employment. Nothing in this Warrant shall
confer on the Holder any right to continue in the employ of, or other
relationship with, the Company or any Parent, Subsidiary or Affiliate of the
Company or limit in any way the right of the Company or any Parent, Subsidiary
or Affiliate of the Company to terminate the Holder's employment or other
relationship at any time, in accordance with the Holder's employment agreement.

         5. Adjustment of Exercise Price. After each adjustment of the Exercise
Price pursuant to this paragraph 5, the number of shares of Common Stock
purchasable on the exercise of each Warrant shall be the number derived by
dividing such adjusted pertinent Exercise Price into the original pertinent
Exercise Price. The pertinent Exercise Price shall be subject to adjustment as
follows:

                  In the event, prior to the expiration of the Warrants by
         exercise or by their terms, the Company shall issue any shares of its
         Common Stock as a share dividend or shall subdivide the number of
         outstanding shares of Common Stock into a greater number of shares,
         then, in either of such events, the Exercise Price per share of Common
         Stock purchasable pursuant to the Warrants in effect at the time of
         such action shall be reduced proportionately and the number of shares
         purchasable pursuant to the Warrants shall be increased
         proportionately. Conversely, in the event the Company shall reduce the
         number of shares of its outstanding Common Stock by combining such
         shares into a smaller number of shares, then, in such event, the
         Exercise Price per share purchasable pursuant to the Warrants in effect
         at the time of such action shall be increased proportionately and the
         number of shares of Common Stock at that time purchasable pursuant to
         the Warrants shall be decreased proportionately. Any dividend paid or
         distributed on the Common Stock in shares of any other class of the
         Company or securities convertible into shares of Common Stock shall be
         treated as a dividend paid in Common Stock to the extent that shares of
         Common Stock are issuable on the conversion thereof.

         6. Adjustments for Reorganization, Consolidation, Merger, or Sale of
Assets. If at any time while the Warrant, or any portion thereof, remains
outstanding and unexpired, should there occur a reorganization, merger, or
consolidation; or should there occur a sale or transfer of the Company's assets
or properties substantially in entirety as part of a reorganization, merger or
consolidation, then lawful provision shall be made so that the Holder shall
thereafter be entitled to receive upon exercise of the Warrant, or any unexpired
exercisable portion thereof, the number of shares of stock or other securities
or property of the successor corporation resulting from such reorganization,
consolidation, merger, sale or transfer that the Holder would have been entitled
to if the Warrant, or portions thereof, had been exercised immediately prior to
the event. The foregoing shall apply similarly to any successive
reorganizations, consolidations, mergers, sales or transfers that may occur
while the Warrant, or any portion thereof, remains exercisable.

         7. Reservation of Stock Underlying the Warrant. At all times until the
expiration of the Warrant, the Company will authorize, reserve, and keep
available, solely for issuance and delivery upon the exercise of the Warrant,
the shares of Common Stock of the Company that shall be receivable upon exercise
of the Warrant.
<PAGE>

         8. Underlying Stock to be Fully Paid and Non-Assessable. The Company
covenants that the shares of Common Stock issuable upon exercise of the Warrant
shall be duly and validly issued, fully paid, non-assessable, and free of any
liens, charges, and all taxes with respect to the issue thereof.

         9. No Impairment. The Company shall not, by amendment of its
Certificate of Incorporation or other method or venue, avoid or seek to avoid
the observance or performance of any of the terms of the Warrant, but shall at
all times, in good faith, take all such actions as may be necessary or
appropriate in order to protect the rights of the Holder thereunder against
impairment.

         10. Independent Tax Advice. The Holder agrees that the Holder has or
will obtain the advice of independent tax counsel regarding the federal and
state income tax consequences of the receipt and exercise of this Warrant and of
the disposition of Common Stock acquired upon exercise hereof, including advice
regarding the imposition of the alternative minimum tax on tax preferences
generated by exercise of warrants and regarding any potential holding period
requirements for preferential tax treatment. THE HOLDER ACKNOWLEDGES THAT HE OR
SHE HAS NOT RELIED AND WILL NOT RELY UPON ANY ADVICE OR REPRESENTATIONS BY THE
COMPANY OR BY ITS EMPLOYEES OR REPRESENTATIVES WITH RESPECT TO THE TAX TREATMENT
OF THIS WARRANT OR ANY SHARES ISSUED PURSUANT HERETO.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed by
its President and by its Secretary.

         Dated: March 28, 2005

                                         SEMOTUS SOLUTIONS, INC.
Attest:

/s/ Tali Durant                          By:  /s/ Anthony N. LaPine
Tali Durant, Secretary                   Anthony N. LaPine, President
<PAGE>

                          FORM OF ELECTION TO PURCHASE

             (To be executed by the Holder if he desires to exercise
              Warrants evidenced by the within Warrant Certificate)

To Semotus Solutions, Inc.:

         The undersigned hereby irrevocably elects to exercise ____________
Warrants, evidenced by the within Warrant Certificate for, and to purchase
thereunder, ________________ full shares of Common Stock issuable upon exercise
of said Warrants and delivery of $____________ and any applicable taxes.

         The undersigned requests that certificates for such shares be issued in
the name of:

                                        PLEASE INSERT SOCIAL SECURITY OR
                                            TAX IDENTIFICATION NUMBER

-------------------------------         --------------------------------
(Please print name and address)

-------------------------------         --------------------------------

-------------------------------         --------------------------------

         If said number of Warrants shall not be all the Warrants evidenced by
the within Warrant Certificate, the undersigned requests that a new Warrant
Certificate evidencing the Warrants not so exercised be issued in the name of
and delivered to:

             -------------------------------------------------------

             -------------------------------------------------------

             -------------------------------------------------------
                         (Please print name and address)

Dated: ____________________    Signature: _____________________________________

NOTICE:   The above signature must correspond with the name as written upon the
          face of the within Warrant Certificate in every particular, without
          alteration or enlargement or any change whatsoever, or if signed by
          any other person the Form of Assignment hereon must be duly executed
          and if the certificate representing the shares or any Warrant
          Certificate representing Warrants not exercised is to be registered in
          a name other than that in which the within Warrant Certificate is
          registered, the signature of the holder hereof must be guaranteed.

Signature Guaranteed:  __________________________________________

       SIGNATURE MUST BE GUARANTEED BY A COMMERCIAL BANK OR MEMBER FIRM OF
  ONE OF THE FOLLOWING STOCK EXCHANGES: NEW YORK STOCK EXCHANGE, PACIFIC COAST
      STOCK EXCHANGE, AMERICAN STOCK EXCHANGE, OR MIDWEST STOCK EXCHANGE.
<PAGE>

                           FORM OF ELECTION TO CONVERT
             (To be executed by the Holder if he desires to exercise
              Warrants evidenced by the within Warrant Certificate)

TO: Semotus Solutions, Inc.

         Pursuant to Section 3(b) of the Warrant, he undersigned hereby
irrevocably elects to convert ____________ Warrants, evidenced by the within
Warrant Certificate for, and to purchase thereunder, ________________ full
shares of Common Stock issuable upon conversion of said Warrants. A conversion
calculation is attached hereto.

         The undersigned requests that certificates for such shares be issued in
the name of:

                                             PLEASE INSERT SOCIAL SECURITY OR
                                                TAX IDENTIFICATION NUMBER

-------------------------------              --------------------------------
(Please print name and address)

-------------------------------              --------------------------------

         If said number of Warrants shall not be all the Warrants evidenced by
the within Warrant Certificate, the undersigned requests that a new Warrant
Certificate evidencing the Warrants not so converted be issued in the name of
and delivered to:

             -------------------------------------------------------

             -------------------------------------------------------

             -------------------------------------------------------
                         (Please print name and address)

Dated: ____________________     Signature: ____________________________________

NOTICE:   The above signature must correspond with the name as written upon the
          face of the within Warrant Certificate in every particular, without
          alteration or enlargement or any change whatsoever, or if signed by
          any other person the Form of Assignment hereon must be duly executed
          and if the certificate representing the shares or any Warrant
          Certificate representing Warrants not exercised is to be registered in
          a name other than that in which the within Warrant Certificate is
          registered, the signature of the holder hereof must be guaranteed.

Signature Guaranteed:  __________________________________________

SIGNATURE MUST BE GUARANTEED BY A COMMERCIAL BANK OR MEMBER FIRM OF ONE OF THE
FOLLOWING STOCK EXCHANGES: NEW YORK STOCK EXCHANGE, PACIFIC COAST STOCK
EXCHANGE, AMERICAN STOCK EXCHANGE, OR MIDWEST STOCK EXCHANGE.

                        CALCULATION OF WARRANT CONVERSION
                        ---------------------------------

                  X =      Y(A-B)
                           ------
                             A

                  Where:   X = the number of Shares and/or Warrants to be issued
                               to the Holder;

                           Y = the number of Shares and/or Warrants to be
                               converted under this Warrant;

                           A = the Current Market Price of one share of Common
                               Stock; and

                           B = the Share Exercise Price.

Fractional Converted Shares  =      (1)
                               --------------

(1)  <<Company>> to pay for fractional Shares in cash @ $             per Share.
                                                         -------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}]]