Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - MobileMail (US) Inc. - Exhibit 10.16

EXHIBIT 10.16 

CLOSING AGREEMENT 

THIS AGREEMENT made as of the 31st day of
August, 2005 (the "Effective Date"), 

AMONG: 

  
    
      
        MAXTOR HOLDINGS INC., a company incorporated
          under the laws of State of Nevada and having an address at 7 Echo Lane,
          Chico, California 95928 U.S.A. 

        ("Purchaser") 

      

    

  

AND: 

  
    
      
        MOBILEMAIL LIMITED company number
          4874858 being a company duly incorporated pursuant to the laws of
          England and having an office at 5.15, 130 Shaftesbury Avenue, London,
          W1D 5EU 

        ("Company") 

      

    

  

AND: 

  
    
      
        EACH OF THE SHAREHOLDERS OF THE COMPANY

        (individually a "Vendor" and collectively the
          "Vendors") 

      

    

  

WHEREAS: 

	A. 	
      The Vendors are the legal and beneficial owners of all of
      the issued and outstanding shares in the capital of the Company (the
      “Company Shares”); 

	 	
       

	B. 	
      The Company is in the business of exploiting licensed
      technology relating to a small hand-held digital presentation device;
    

	 	
       

	C. 	
      Further to a Share Exchange Agreement dated May 23, 2005,
      the Vendors have agreed to sell the Company Shares to the Purchaser and
      the Purchaser has agreed to purchase the Company Shares from the Vendors,
      upon and subject to the terms and conditions set forth in the Share
      Exchange Agreement; and 

	 	
       

	D. 	
      The parties desire to execute this Agreement in order to
      reflect their agreement regarding waiver and modification of certain terms
      and conditions of the Share Exchange Agreement in order that the closing
      of the purchase and sale of the Company Shares pursuant to the Share
      Exchange Agreement can be completed. 

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the covenants and agreements herein contained (and other good
and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged), the parties hereto do covenant and agree each with the other as
follows: 

- 2 - 

1.        INTERPRETATION

1.1      Defined terms -
The following terms have the following meanings in this Agreement:

	(a) 	"Company Shares" means all of the issued and outstanding shares
      in the capital of the Company; and 
	 	 
	(b) 	“Share Exchange Agreement” means the share exchange agreement
      between the Purchaser, the Vendors and the Company dated May 23, 2005.
  

2.        CLOSING
AGREEMENTS 

2.1       Closing
Date - The parties hereby agree that the Closing Date for the
purchase and sale of the Company Shares is August 31, 2005. 

2.2       Private
Placement - The Company and the Vendors each acknowledge and agree that
the condition precedent set forth in Section 3.1(c)(ii) of the Share Exchange
Agreement has not been satisfied by the Purchaser and is hereby waived on the
basis that: 

            
(a)       The Purchaser has raised aggregate
proceeds of $47,680 by way of a private placement of 953,600 shares of the
Purchaser’s common stock at a price of $0.05 per share; and 

            
(b)       The Purchaser has raised remaining funds
equal to $80,000, which amounts are outstanding as loans to the Purchaser as of
the date hereof. 

2.3      
Agreements – The Company and the Vendors each acknowledge, consent
and agree with the Purchaser that: 

	 	(a) 	
      The Purchaser will complete the private placement of
      953,600 shares of the Purchaser’s common stock at a price of $0.05 per
      share concurrent with the Closing of the Share Exchange Agreement.
  

	 	 	
       

	 	(b) 	
      The Purchaser will execute and deliver promissory notes
      in the aggregate amount of $80,000, which promissory notes will bear
      interest at the prime rate, prior to or concurrent with the closing of the
      Share Exchange Agreement. 

2.4       Governing
law - This Agreement shall be subject to, governed by, and construed in
accordance with the laws of England and Wales applicable therein, and the
parties hereby attorn to the jurisdiction of the Courts of England. 

2.5       Counterparts
- This Agreement may be signed by fax and in counterpart, and each copy so
signed shall be deemed to be an original, and all such counterparts together
shall constitute one and the same instrument. 

2.6       Enurement
– This Agreement shall enure to the benefit of and be binding upon the parties
hereto and their respective successors, permitted assigns, trustees,
representatives, heirs and executors. 

- 3 - 

IN WITNESS WHEREOF the parties have hereunto set their
hands and seals as of the Effective Date first above written. 

	THE CORPORATE SEAL of MAXTOR HOLDINGS
    	) 	  
	INC. was hereunto affixed in the
      presence of: 	) 	  
	           
                         
             /s/ Debra Rosales 	) 	  
	  	) 	           
                         
                         
                   c/s 
	Authorized Signatory 	) 	  
	  	) 	  
	  	) 	  
	Authorized Signatory 	) 	  
	  	  	  
	THE CORPORATE SEAL of MOBILEMAIL LIMITED 	) 	  
	was hereunto affixed in the presence of: 	) 	  
	           
                         
             /s/ Gary Flint 	) 	  
	  	) 	           
                         
                         
                   c/s 
	Authorized Signatory 	) 	  
	  	) 	  
	  	) 	  
	Authorized Signatory 	) 	  
	THE CORPORATE SEAL of MOBILEMAIL INC.
    	  	  
	was hereunto affixed in the presence of: 	) 	  
	  	) 	  
	           
                         
             /s/ Laura Mouck 	) 	{MOBILEMAIL INC. 
	  	) 	common seal 2003 
	Authorized Signatory 	) 	Seychelles} 
	           
                         
             for N.D. Holdings Ltd. 	) 	  
	  	) 	  
	  	) 	  
	Authorized Signatory 	) 	  
	THE CORPORATE SEAL of OUTLANDER 	  	  
	MANAGEMENT LIMITED was hereunto
      affixed in 	) 	  
	the presence of: 	) 	  
	           
                         
             /s/ Joachim Bondo 	) 	  
	  	) 	           
                         
                         
                   c/s 
	Authorized Signatory 	) 	  
	  	) 	  
	  	) 	  
	Authorized Signatory 	) 	  
	EXECUTED BY GARY FLINT in the presence
      of: 	  	  
	  	  	  
	/s/ Frouwine von der Berg 	) 	  
	  	) 	/s/ Gary Flint 
	Signature of Witness 	) 	 
    
	Frouwine von der Berg 	) 	GARY FLINT

	  	) 	  
	Name of Witness 	)Filed by Automated Filing Services Inc. (604) 609-0244 - MobileMail (US) Inc. - Exhibit 10.17

EXHIBIT 10.17 

THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933 (THE "ACT"), AND ARE BEING OFFERED AND SOLD IN
RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT. SUCH
SECURITIES MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED
UNLESS THEY ARE REGISTERED UNDER THE APPLICABLE PROVISIONS OF THE ACT OR ARE
EXEMPT FROM SUCH REGISTRATION. THESE SECURITIES HAVE NOT BEEN APPROVED OR
DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION (THE "COMMISSION") OR BY
ANY STATE SECURITIES ADMINISTRATION OR REGULATORY AUTHORITY. 

SUBSCRIPTION AGREEMENT 

MAXTOR HOLDINGS INC. 

SUBSCRIPTION AGREEMENT (the "Subscription
  Agreement") made effective as of the 8th day of April, 2005 between MAXTOR
  HOLDINGS INC., a Nevada corporation (the "Company") and the
  undersigned subscriber (the "Subscriber").

WHEREAS: 

A.                          
  The Company has approved the offering of up to 500,000 shares of the Company’s
  common shares, no par value at a price of $0.001 per share to founders of the
  Company (the “Offering”).

B.                          
The Subscriber is a founder of the Company and desires to acquire the number of
common shares of the Company as set forth on the execution page of this
Agreement (the "Shares") on the terms and subject to the conditions of this
Subscription Agreement. 

C.                          
The Company desires to accept the Subscriber’s subscription for the Shares. 

NOW, THEREFORE, for and in consideration of the premises
and the mutual covenants hereinafter set forth, the parties hereto do hereby
agree as follows: 

1.                          
SUBSCRIPTION FOR SHARES 

1.1                         Subject
to the terms and conditions hereinafter set forth, the Subscriber hereby
subscribes for and agrees to purchase the Shares from the Company at a price
equal to $0.001 US per Share and the Company agrees to sell the Shares to the
Subscriber 

1.2                         The
purchase price is payable by the Subscriber to the Company contemporaneously
with the execution and delivery of this Subscription Agreement. 

1.3                         The
certificates representing the Shares sold pursuant to this Offering will be
“restricted shares”, as contemplated under United States Securities Act of
1933, and will be endorsed with the following legend: 

  
    
      “THE SECURITIES REPRESENTED BY THIS CERTIFICATE
        HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "ACT"),
        AND HAVE BEEN ISSUED IN RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION
        REQUIREMENTS OF THE ACT. SUCH SECURITIES MAY NOT BE REOFFERED FOR SALE
        OR RESOLD OR OTHERWISE TRANSFERRED UNLESS THEY ARE REGISTERED UNDER THE
        APPLICABLE PROVISIONS OF THE ACT OR ARE EXEMPT FROM SUCH REGISTRATION.”
      

    

  

1.4                        
The Subscriber hereby authorizes and directs the Company to deliver the
securities to be issued to such Subscriber pursuant to this Subscription
Agreement to the Subscriber’s address indicated herein. 

-2- 

2.                          
REPRESENTATIONS AND WARRANTIES BY SUBSCRIBER 

2.1                         The
Subscriber hereby severally represents and warrants to the Company as follows:

	 	(a) 	
      the Subscriber recognizes that the purchase of Shares
      involves a high degree of risk in that the Company has only recently
      commenced its proposed business and will require substantial funds in
      addition to the proceeds of this subscription; 

	 	 	
       

	 	(b) 	
      an investment in the Company is highly speculative and
      only investors who can afford the loss of their entire investment should
      consider investing in the Company and the Shares; 

	 	 	
       

	 	(c) 	
      the Subscriber has such knowledge and experience in
      finance, securities, investments, including investment in non-listed and
      non registered securities, and other business matters so as to be able to
      evaluate the merits and risks of an investment in the Company’s common
      stock and to otherwise protect its interests in connection with this
      transaction; 

	 	 	
       

	 	(d) 	
      the Subscriber has been afforded access to information
      about the Company and the Company’s financial condition, results of
      operations, business, properties, management and prospects sufficient it
      to evaluate its investment in the Shares. The Subscriber further
      represents that it has had an opportunity to ask questions and receive
      answers from the directors and officers of the Company regarding the terms
      and conditions of the Offering and the business, properties, prospects and
      financial condition of the Company, each as is necessary to evaluate the
      merits and risks of investing in the Shares. The Subscriber believes it
      has received all the information it considers necessary or appropriate for
      deciding whether to purchase the Shares. The Subscriber has had full
      opportunity to discuss this information with the Subscriber’s legal and
      financial advisers prior to execution of this Agreement. 

	 	 	
       

	 	(e) 	
      the Subscriber acknowledges that no market for the Shares
      presently exists and none may develop in the future and accordingly the
      Subscriber may not be able to liquidate its investment; 

	 	 	
       

	 	(f) 	
      the Subscriber hereby acknowledges that this offering of
      Shares by the Company has not been reviewed by the United States
      Securities and Exchange Commission ("SEC") and that, if the Subscriber is
      a resident of the United States, the Shares are being issued by the
      Company pursuant to an exemption from registration provided by Section
      4(2) to the United States Securities Act; 

	 	 	
       

	 	(g) 	
      the Subscriber is acquiring the Shares as principal for
      the Subscriber's own benefit; 

	 	 	
       

	 	(h) 	
      the Subscriber is not aware of any advertisement of the
      Shares; 

	 	 	
       

	 	(i) 	
      the Subscriber is acquiring the Shares subscribed to
      hereunder as an investment for Subscriber's own account, not as a nominee
      or agent, and not with a view toward the resale or distribution of any
      part thereof, and Subscriber has no present intention of selling, granting
      any participation in, or otherwise distributing the same; 

	 	 	
       

	 	(j) 	
      the Subscriber does not have any contract, undertaking,
      agreement or arrangement with any person to sell, transfer or grant
      participation to such person, or to any third person, with respect to any
      of the Shares sold hereby; 

	 	 	
       

	 	(k) 	
      the Subscriber has full power and authority to enter into
      this Agreement which constitutes a valid and legally binding obligation,
      enforceable in accordance with its terms. 

-3- 

3.                          
REPRESENTATIONS BY THE COMPANY 

3.1                         The
Company represents and warrants to the Subscriber that: 

	 	(a) 	
      the Company is a corporation duly organized, existing and
      in good standing under the laws of the State of Nevada and has the
      corporate power to conduct the business which it conducts and proposes to
      conduct; 

	 	 	
       

	 	(b) 	
      upon issue, the Shares will be duly and validly issued,
      fully paid and non-assessable common shares in the capital of the Company.
      

4.                          
MISCELLANEOUS 

4.1                         Notwithstanding
the place where this Subscription Agreement may be executed by any of the
parties hereto, the parties expressly agree that all the terms and provisions
hereof shall be construed in accordance with and governed by the laws of the
State of Nevada. 

4.2                         The
parties agree to execute and deliver all such further documents, agreements and
instruments and take such other and further action as may be necessary or
appropriate to carry out the purposes and intent of this Subscription Agreement.

IN WITNESS WHEREOF, this Subscription Agreement is
executed as of the day and year first written above. 

	Number of Shares Subscribed For: 	500,000 Shares  

	  	  
	 	 
	SUBSCRIBER: 	  
	 	 
	Signature of Subscriber: 	/s/
        Debra Rosales 

	 	 
	Name of Subscriber: 	Debra
        Rosales 

	 	 
	Address of Subscriber: 	7
        Echo Lane 

	  	  
	  	Chico,
        CA 95928 

	 	 
	 	 
	  	  
	 	 
	 	 
	ACCEPTED BY: 	  
	 	 
	MAXTOR HOLDINGS INC. 	  
	 	 
	Signature of Authorized Signatory: 	/s/
        Debra Rosales 

	 	 
	Name of Authorized Signatory: 	Debra
        Rosales 

	 	 
	Position of Authorized Signatory: 	Director
      

	 	 
	Date of Acceptance: 	April
        8, 2005

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