Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Mobiventures, Inc. - Exhibit 10.4

CONSULTANT AGREEMENT 

This Consultant Agreement (the "Agreement") is made and entered
into effective as of the 31st March 2008 (the
"Effective Date"), between MOBIVENTURES INC, a Nevada corporation, (the
"Company") and Ian Downie (the “Consultant”). 

WHEREAS: 

A.            
The Company is engaged in the business of providing multi-media mobile content
and messaging services 

B.            
The Company desires to retain the Consultant to provide consultant services from
time to time to the Company on the terms and subject to the conditions of this
Agreement. 

C.            
The Consultant has agreed to provide consultant services to the Company on the
terms and subject to the conditions of this Agreement. 

THIS AGREEMENT WITNESSES THAT in consideration of the
premises and mutual covenants contained in this Agreement and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties, intending to be legally bound hereby, agree as
follows: 

1.            
DEFINITIONS 

1.1          
The following terms used in this Agreement shall have the meaning specified
below unless the context clearly indicates the contrary: 

	 	(a) 	
      "Consultant Fee" shall mean the consultant fee
      payable to the Consultant at the rate set forth in Section 5.1;

	 	 	 
	 	(b) 	
      "Board" shall mean the Board of Directors of the
      Company;

	 	 	 
	 	(c) 	
      "Term" shall mean the term of this Agreement
      beginning on the Effective Date and ending on the close of business on the
      effective date of the termination of this
Agreement.

2.            
ENGAGEMENT AS A CONSULTANT 

2.1          
The Company hereby engages the Consultant as a consultant to provide the
services of the Consultant in accordance with the terms and conditions of this
Agreement and the Consultant hereby accepts such engagement. 

3.            
TERM OF THIS AGREEMENT 

3.1          
The term of this Agreement shall become effective and begin as of the Effective
Date, and shall continue for 12 months, unless this Agreement is earlier
terminated in accordance with the terms of this Agreement. This agreement can be
extended upon the mutual understanding of both parties. 

4.            
CONSULTANT SERVICES 

4.1          
The Consultant agrees to perform the following services and undertake the
following responsibilities and duties for the Company as consulting services
(the "Consulting Services"): 

2

	 	(a) 	
      providing services related to
      M&A, especially the identification and approach of known value adding
      and synergistic acquisition targets

	 	 	 
	 	(b) 	
      reporting to the Board of Directors
      of Company;

4.2          
In providing the Consulting Services, the Consultant will: 

	 	(a) 	
      comply with all applicable federal, state, local and
      foreign statutes, laws and regulations;

	 	 	 
	 	(b) 	
      not make any misrepresentation or omit to state any
      material fact that will result in a misrepresentation regarding the
      business of the Company; and

	 	 	 
	 	(c) 	
      not disclose, release or publish any information
      regarding the Company without the prior written consent of the
    Company.

4.3          
The Consultant will at all times be an independent contractor and the Consultant
will not be deemed to be an employee of the Company and the Consultant agrees to
make all necessary tax and insurance remittances necessary to be made as a
consultant to the Company.

5.            
CONSULTANT FEE 

5.1          
During the term of this Agreement and in consideration for the provision of the
Consulting Services, the Company will: 

	 	(a) 	
      pay the Consultant a onetime Consultant Fee consisting of
      stock to the value of £40,000 upon signing of this agreement. The stock
      price shall be taken as the five days average stock price prior to the
      Effective Date.

	 	 	 
	 	(b) 	
      pay the Consultant a success fee of 2.5%, to be paid 50%
      cash and 50% equity, of the acquisition value of any target company
      acquired by The Company, or any strategic investments into companies,
      through the efforts of the Consultant which efforts will include the
      identification and subsequent introduction of the target company by the
      Consultant to The Company (the “Consultant Success Fee”). Such fee is
      calculated based on the total valuation of the acquired company at the
      execution date of the acquisition excluding any valuations attributable to
      future earn out valuations. The consultant fee will be paid immediately
      upon the closing of each and every cash and stock payment instalment of
      the acquisition. The equity portion of the fee will be paid in shares of
      the Company’s common stock determined by the amount of the fee divided by
      the average closing price of the Company’s common stock for the ten
      trading days prior to the completion of the acquisition.

	 	 	 
	 	(c) 	
      grant to the Consultant a total of 300,000 stock warrants
      of the shares in the Company’s common stock on the issue dates set forth
      below, with an exercise price equal to US$ 0.05 per share, which warrants
      will be exercisable for a term of 5 years. The full terms of the warrants
      are contained in a separate agreement (“Warrant Certificate Agreement”).
      No warrants may be exercised unless such warrants have vested in
      accordance with the terms of the Warrant Certificate Agreement.
      Notwithstanding the five year term of the warrants, all warrants will
      expire and cease to be exercisable on the date that is one year following
      the date of termination of this Agreement for any
reason

3

	Number of Warrants 	Issue Date 
	 	 
	300,000 	on the Effective Date
  

6.            
REIMBURSEMENT OF EXPENSES 

6.1          
The Company will pay to the Consultant, in addition to the Consultant Fee,
reasonable pre-approved travel and phone expenses. 

7.            
TERMINATION 

7.1          
The Company may terminate this Agreement at any time upon the occurrence of any
of the following events of default (each an “Event of Default”): 

	 	(a) 	
      the Consultant’s commission of an act of fraud, theft or
      embezzlement or other similar willful misconduct;

	 	 	 
	 	(b) 	
      the neglect or breach by the Consultant of his or her
      material obligations or agreements under this Agreement; or

	 	 	 
	 	(c) 	
      the Consultant’s refusal to follow lawful directives of
      the Board,

provided that notice of the Event of Default has been delivered
to the Consultant and provided the Consultant has failed to remedy the default
within thirty days of the date of delivery of notice of the Event of Default.

7.2          
The Company may at its option terminate this Agreement in the absence of an
Event of Default by delivering a written notice of termination to the
Consultant, giving them an official notice period of termination of thirty
days.

7.3          
The Consultant may terminate this Agreement at any time in the event of any
breach of any material term of this Agreement by the Company, provided that
written notice of default has been delivered to the Company and the Company has
failed to remedy the default within thirty days of the date of delivery of
notice of default. 

7.4          
On termination of this Agreement for any reason, all rights and obligations of
each party that are expressly stated to survive termination or continue after
termination will survive termination and continue in full force and effect as
contemplated in this Agreement. 

8.            
PROPRIETARY INFORMATION AND DEVELOPMENTS 

8.1          
The Consultant will not at any time, whether during or after the termination of
this Agreement for any reason, reveal to any person or entity any of the trade
secrets or confidential information concerning the organization, business or
finances of the Company or of any third party which the Company is under an
obligation to keep confidential, except as may be required in the ordinary
course of performing the Consultant Services to the Company, and the Consultant
shall keep secret such trade secrets and confidential information and shall not
use or attempt to use any such secrets or information in any manner which is
designed to injure or cause loss to the Company. Trade secrets or confidential
information shall include, but not be limited to, the Company's financial
statements and projections, expansion proposals, customer lists and details of
its Internet web site or business relationships with banks, lenders and other
parties not otherwise publicly available. 

8.2          
If at any time or times during the term of this Agreement, the Consultant whilst
actively working on this project and not in the pursuance of other business
activities, shall (either alone or 

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with others) make, conceive, create, discover, invent or reduce
to practice any invention, modification, discovery, design, development,
improvement, process, software program, work of authorship, documentation,
formula, data technique, know-how, trade secret or intellectual property right
whatsoever or any interest therein (whether or not patentable or registrable
under copyright, trademark or similar statutes or subject to analogous
protection) (herein called "Developments") that (i) relates to the business of
the Company or any of the products or services being developed, manufactured or
sold by the Company or which may be used in relation therewith, (ii) results
from tasks assigned the Consultant by the Company or (iii) results from the use
of premises or personal property (whether tangible or intangible) owned, leased
or contracted for by the Company, such Developments and the benefits thereof are
and shall immediately become the sole and absolute property of the Company and
its assigns, as works made for hire or otherwise, and the Consultant shall
promptly disclose to the Company (or any persons designated by it) each such
Development and, as may be necessary to ensure the Company's ownership of such
Developments. The Consultant hereby assigns any rights (including, but not
limited to, any copyrights and trademarks) the Consultant may have or acquire in
the Developments and benefits or rights resulting therefrom to the Company and
its assigns without further compensation and shall communicate, without cost or
delay, and without disclosing to others the same, all available information
relating thereto (with all necessary plans and models) to the Company. 

The Consultant will, during the term of this Agreement and at
any time thereafter, at the request and cost (including the Consultant's
reasonable attorney's fees) of the Company, promptly sign, execute, make and do
all such deeds, documents, acts and things as the Company and, its duly
authorized agents may reasonably require: 

	 	(a) 	
      to apply for, obtain, register and vest in the name of
      the Company alone (unless the Company otherwise directs) letters patent,
      copyrights, trademarks or other analogous protection for any Developments
      in any country throughout the world and when so obtained or vested to
      renew and restore the same; and

	 	 	 
	 	(b) 	
      to defend any judicial, opposition or other proceedings
      in respect of such applications and any judicial, opposition or other
      proceedings or petitions or applications for revocation of such letters
      patent, copyright, trademark or other analogous
propose.

In the event the Company is unable, after reasonable effort, to
secure the Consultant's signature on any application for letters patent,
copyright or trademark registration or other documents regarding any legal
protection relating to a Development, whether because of the Consultant's
physical or mental incapacity or for any other reason whatsoever, the Consultant
hereby irrevocably designates and appoints the Company and its duly authorized
officers and agents as his respective agent and attorney-in-fact, to act for and
in his behalf and stead to execute and file any such application or applications
or other documents and to do all other lawfully permitted acts to further the
prosecution, and issuance of letters patent, copyright or trademark
registrations or any other legal protection thereon with the same legal force
and effect as if executed by the Consultant as applicable. 

8.3          
The obligations of the Consultant set forth in Sections 9.1 and 9.2 will survive
termination of this Agreement. 

9             
NON-COMPETE; NON-HIRE 

9.1          
The Consultant agrees that, in the event of termination of this Agreement, for a
period of one (1) year following the termination of this Agreement, the
Consultant will not, without the Company's consent, directly or alone or as a
partner, joint venturer, officer, director employee, consultant, agent,
independent contractor or stockholder or other owner of any entity or business,
engage in any business which is directly competitive with the business of the
Company in any 

5

territory in which the Company is engaged in business at the
date of termination, including any business involving providing a business to
business world trade Internet web site; provided, however, that the ownership by
the Consultant of not more than five percent (5%) of the shares of any publicly
traded class of stock of any corporation shall not be deemed, in and of itself,
to violate the prohibitions of this Section 9.1. 

9.2          
The Consultant agrees that, in the event of any termination of this Agreement,
for a period of one (1) year following such termination of this Agreement, the
Consultant will not hire or otherwise employ or retain, or knowingly permit (to
the extent reasonably within his control) any other entity or business which
employs the Consultant or in which the Consultant has any ownership interest or
is otherwise involved to hire or otherwise employ or retain, any person who was
employed or engaged as a consultant or employee by the Company as of the date of
the termination of this Agreement. The limitations stated within this section do
not apply to any to any person known to the consultant prior to the effective
date. 

9.3          
The restrictions in this Section 9, to the extent applicable, shall be in
addition to any restrictions imposed upon the Consultant by statute or at common
law. 

9.4          
The parties hereby acknowledge that the restrictions in this Section 9 have been
specifically negotiated and agreed to by the parties hereto and are limited only
to those restrictions reasonably necessary to protect the Company from unfair
competition. The parties hereby agree that if the scope or enforceability of any
provision, paragraph or subparagraph of this Section 9 is in any way disputed at
any time, and should a court find that such restrictions are overly broad, the
court may modify and enforce the covenant to the extent that it believes to be
reasonable under the circumstances. Each provision, paragraph and subparagraph
of this Section 9 is separable from every other provision, paragraph and
subparagraph and constitutes a separate and distinct covenant. 

9.5          
The obligations and agreements of the Consultant set forth in Sections 9.1, 9.2,
9.3 and 9.4 will survive termination of this Agreement for the periods specified
in Sections 9.1 and 9.2. 

10.          
INDEMNIFICATION

10.1         During the
Term, the Company shall indemnify the Consultant and hold the Consultant
harmless from and against any claim, loss or cause of action arising from or out
of the Consultant’s performance as an officer, director or employee of the
Company or any of its subsidiaries or in any other capacity, including any
fiduciary capacity, in which the Consultant serves at the request of the Company
to the maximum extent permitted by applicable law. If any claim is asserted
hereunder with respect to which the Consultant reasonably believes in good faith
he is entitled to indemnification, the Company shall pay the Consultant’s legal
expenses (or cause such expenses to be paid), on a monthly basis, provided that
the Consultant shall reimburse the Company for such amounts if the Consultant
shall be found by a court of competent jurisdiction not to have been entitled to
indemnification. 

11.          
PARTIES BENEFITED; ASSIGNMENTS 

11.1         This
Agreement shall be binding upon, and inure to the benefit of, the Consultant,
his heirs and his personal representative or representatives, and upon the
Company and its successors and assigns.

12.          
NOTICES 

6

12.1         Any notice
required or permitted by this Agreement shall be in writing, sent by registered
or certified mail, return receipt requested, or by overnight courier, addressed
to the Board and the Company at its then principal office, or to the Consultant
at the address set forth in the preamble, as the case may be, or to such other
address or addresses as any party hereto may from time to time specify in
writing for the purpose in a notice given to the other parties in compliance
with this Section 12. Notices shall be deemed given when delivered. 

13.          
GOVERNING LAW 

13.1         This
Agreement shall be governed by and construed in accordance with the laws of the
England and each party hereto attorns to the jurisdiction of the courts of the
England.

14.          
REPRESENTATIONS AND WARRANTIES 

14.1         The
Consultant represent and warrant to the Company that (a) the Consultant is under
no contractual or other restriction which is inconsistent with the execution of
this Agreement, the performance of his duties hereunder or other rights of
Company hereunder, and (b) the Consultant is under no physical or mental
disability that would hinder the performance of his duties under this Agreement.

15.          
MISCELLANEOUS 

15.1         This
Agreement contains the entire agreement of the parties relating to the subject
matter hereof.

15.2         This
Agreement supersedes any prior written or oral agreements or understandings
between the parties relating to the subject matter hereof. 

15.3         No
modification or amendment of this Agreement shall be valid unless in writing and
signed by or on behalf of the parties hereto. 

15.4         A waiver
of the breach of any term or condition of this Agreement shall not be deemed to
constitute a waiver of any subsequent breach of the same or any other term or
condition.

15.5         This
Agreement is intended to be performed in accordance with, and only to the extent
permitted by, all applicable laws, ordinances, rules and regulations. If any
provision of this Agreement, or the application thereof to any person or
circumstance, shall, for any reason and to any extent, be held invalid or
unenforceable, such invalidity and unenforceability shall not affect the
remaining provisions hereof and the application of such provisions to other
persons or circumstances, all of which shall be enforced to the greatest extent
permitted by law.

15.6         The
headings in this Agreement are inserted for convenience of reference only and
shall not be a part of or control or affect the meaning of any provision hereof.

15.7         The
Consultant may assign the benefit of this Agreement to a private corporation
controlled by the Consultant, provided that such assignment will not relieve the
Consultant from his obligations to the Company arising under this Agreement.

15.8         This
Agreement replaces and supercedes all other consultant and employment agreements
between the Company and the Consultant and any amendments hereto. 

[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

7

16.          The
Consultant acknowledges and agrees that Lang Michener LLP has acted solely as
legal counsel for the Company and that the Consultant has been recommended to
obtain independent legal advice prior to execution of this Agreement. 

IN WITNESS WHEREOF, the parties have duly executed and
delivered this Agreement as of the date first written above. 

MobiVentures Inc. 
by its authorized signatory: 

/s/ Peter Åhman

___________________________________________
Signature
of Authorized Signatory 

Peter Åhman

___________________________________________
Name of Authorized
Signatory 

President

___________________________________________
Position of Authorized
Signatory 

	___________________________________________	/s/ Ian Downie 
	Signature of Witness 	___________________________________________
		Ian Downie

	___________________________________________	 
	Address of Witness 	
	 	 
	___________________________________________Filed by Automated Filing Services Inc. (604) 609-0244 - Mobiventures, Inc. - Exhibit 10.5

THE SECURITIES REPRESENTED BY THIS CERTIFICATE AND THE
SECURITIES TO BE ISSUED UPON ITS EXERCISE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933 (THE "ACT"), AND HAVE BEEN ISSUED IN RELIANCE UPON AN
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT PROVIDED BY REGULATION S
PROMULGATED UNDER THE ACT. SUCH SECURITIES MAY NOT BE REOFFERED FOR SALE OR
RESOLD OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF
REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION UNDER THE ACT, OR PURSUANT
TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE ACT. THIS WARRANT MAY NOT
BE EXERCISED IN THE UNITED STATES OR BY OR ON BEHALF OF A PERSON IN THE UNITED
STATES OR A U.S. PERSON UNLESS THE WARRANT AND THE UNDERLYING SHARES AND
WARRANTS HAVE BEEN REGISTERED UNDER THE SECURITIES ACT AND THE APPLICABLE
SECURITIES LEGISLATION OF ANY SUCH STATE OR AN EXEMPTION FROM SUCH REGISTRATION
REQUIREMENTS IS AVAILABLE. "UNITED STATES" AND "U.S. PERSON" ARE AS DEFINED BY
REGULATION S UNDER THE SECURITIES ACT. HEDGING TRANSACTIONS INVOLVING THE
SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT.

MobiVentures Inc. 
A Nevada Corporation (the
“Company”) 
Sunnyside, Brinkworth,Chippenham,Wiltshire SN15 5BY,
England

COMMON STOCK PURCHASE WARRANT CERTIFICATE 
March 31,
2008

WARRANT CERTIFICATE NO. S-08-17

	Name of Holder: 	Ian Downie (the “Holder”) 
	Address of Holder: 	Hollywood, 26 Alderwood Road, Port Glasgow
      PA 
	Number of Shares: 	300,000 Shares of the Company’s Common
      Stock 
	Exercise Price: 	US$0.05 per Share 
	Term and Expiry Date: 	A period of 5 years from the date of
      issuance until 31st March 2013 (the
      “Expiry Date”), subject to early termination as set forth in
      Section 1.6 of this Warrant Certificate. 
	Vesting 	This Warrant may not be exercised until such
      time as the vesting provisions set forth in Section 1.5 of this
      Warrant Certificate have been satisfied.

THIS WARRANT CERTIFIES THAT, for value received, the
above named holder or its registered assigns (the “Holder”), shall have the
right to purchase from the Company the above referenced number of fully paid and
non-assessable shares (the “Shares”) of the Company’s common stock (the “Common
Stock”) at an exercise price equal to the exercise price set forth above (the
"Exercise Price"), subject to further adjustment as set forth in this
Certificate, at any time from the date hereof until 5:00 p.m., GMT, on the
expiry date set forth above (the “Expiry Date”). This Warrant is issued to the
Holder pursuant to the terms outlined in the consultant agreement dated as of
the 31st of March, 2008 between the Company and the Holder (the
“Consultant Agreement”). The exercise of this Warrant shall be subject to the
provisions, limitations and restrictions contained herein. 

- 2 -

1. Exercise. 

     1.1 Procedure for
Exercise of Warrant. Subject to the terms and conditions of this Warrant
Certificate, the Holder may exercise this Warrant by delivering the following to
the principal office of the Company in accordance with Section 5.1 hereof:

	 	(a) 	
      a duly executed Notice of Exercise in substantially the
      form attached as Schedule A,

	 	 	 
	 	(b) 	
      either (i) a written certification that the Holder is not
      a U.S. person, as defined under Regulation S of the Securities Act, and
      that the Warrant is not being exercised on behalf of a U.S. person, which
      written certificate may be contained in the Notice of Exercise delivered
      pursuant to sub-paragraph (a) above; or (ii) a written opinion of counsel
      to the effect that the Warrant and the Shares have been registered under
      the Securities Act or are exempt from registration thereunder;

	 	 	 
	 	(c) 	
      payment of the Exercise Price then in effect for each of
      the Shares being purchased, as designated in the Notice of Exercise,
      and

	 	 	 
	 	(d) 	
      this Warrant.

Payment of the Exercise Price may be in cash, certified or
official bank check payable to the order of the Company, or wire transfer of
funds to the Company’s account (or any combination of any of the foregoing) in
the amount of the Exercise Price for each share being purchased. 

     1.2 Delivery of
Certificate and New Warrant. In the event of any exercise of the rights
represented by this Warrant, a certificate or certificates for the shares of
Common Stock so purchased, registered in the name of the Holder, together with
any other securities or other property which the Holder is entitled to receive
upon exercise of this Warrant, shall be delivered to the Holder hereof, at the
Company’s expense, within a reasonable time, not exceeding fifteen (15) calendar
days, after the rights represented by this Warrant shall have been so exercised;
and, unless this Warrant has expired, a new Warrant representing the number of
Shares (except a remaining fractional share), if any, with respect to which this
Warrant shall not then have been exercised shall also be issued to the Holder
hereof within such time. The person in whose name any certificate for shares of
Common Stock is issued upon exercise of this Warrant shall for all purposes be
deemed to have become the holder of record of such shares on the date on which
the Warrant was surrendered and payment of the Exercise Price was received by
the Company, irrespective of the date of delivery of such certificate. 

     1.3 Restrictive Legend.
  This Warrant and the Shares have not been registered under the Securities Act
  of 1933, as amended, (the "Securities Act") and the Warrants have been and the
  Shares, upon exercise of the Warrants, will be issued pursuant to exemptions
  from the registration requirements of the Securities Act. Neither this Warrant
  nor any of the Shares or any other security issued or issuable upon exercise
  of this Warrant may be sold, transferred, pledged or hypothecated in the absence
  of an effective registration statement under the Act relating to such security
  or an exemption from the registration requirements of the Securities Act. Each
  certificate for the Warrant, the Shares and any other security issued or issuable
  upon exercise of this Warrant shall contain a legend on the face thereof, in
  form and substance satisfactory to counsel for the Company, setting forth the
  restrictions on transfer contained in this Section. The Holder understands that
  this Warrant constitutes and the Shares upon issuance will constitute “restricted
  securities” under the Securities Act. The holder acknowledges and agrees
  that all certificates representing the Shares will be endorsed with the following
  legend:

- 3 -

  “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 AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS
    OF THE ACT PROVIDED BY REGULATION S PROMULGATED UNDER THE ACT. SUCH SECURITIES
    MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED EXCEPT IN
    ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION
    UNDER THE ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER
    THE ACT. HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED
    UNLESS IN COMPLIANCE WITH THE ACT.”

     1.4 Fractional
Shares. No fractional Shares shall be issuable upon exercise or
conversion of the Warrant and the number of Shares to be issued shall be rounded
down to the nearest whole Share. If a fractional share interest arises upon any
exercise or conversion of the Warrant, the Company shall eliminate such
fractional share interest by paying to Holder an amount computed by multiplying
the fractional interest by the current market price of a full Share. 

     1.5 Vesting.
Warrants to purchase 300,000 common shares will be vested and immediately
exercisable upon execution of this Warrant Certificate by the Company.

     1.6
Termination. Notwithstanding anything else in the Warrant
Certificate, this Warrant shall terminate and will cease to be exercisable upon
the earlier of (i) the Expiry Date, and (ii) the date that is one year from the
date of the termination of the Consultant Agreement for any reason. 

2. Covenants of the Company.

     2.1 Authorized Shares. The
Company covenants and agrees that the Company will at all times have authorized
and reserved, free from preemptive rights, a sufficient number of shares of
Common Stock to provide for the exercise in full of the rights represented by
this Warrant.

     2.2 Issuance of Shares.
The Company covenants and agrees that all shares of Common Stock that may be
issued upon the exercise of the rights represented by this Warrant will, upon
issuance, be validly issued, fully paid and non-assessable, and free from all
transfer taxes, liens and charges with respect to the issue thereof. 

3. Transfer and Replacement. 

     (a) Subject to compliance with
any applicable securities laws and the conditions set forth herein, this Warrant
and all rights hereunder are transferable, in whole or in part, upon surrender
of this Warrant at the principal office of the Company, together with a written
assignment of this Warrant substantially in the form attached hereto duly
executed by the Holder or its agent or attorney and funds sufficient to pay any
transfer taxes payable upon the making of such transfer. Upon such surrender
and, if required, such payment, the Company shall execute and deliver a new
Warrant or Warrants in the name of the assignee or assignees and in the
denomination or denominations specified in such instrument of assignment, and
shall issue to the assignor a new Warrant evidencing the portion of this Warrant
not so assigned, and this Warrant shall promptly be cancelled. A Warrant, if
properly assigned, may be exercised by a new holder for the purchase of Shares
without having a new Warrant issued. 

     (b) The Company agrees to
maintain, at its aforesaid office, books for the registration and the
registration of transfer of the Warrants.

     (c) If, at the time of the
surrender of this Warrant in connection with any transfer of this Warrant, the
transfer of this Warrant shall not be registered pursuant to an effective
registration statement under the Securities Act and under applicable state
securities or blue sky laws, the Company may require, as a condition of allowing
such transfer that (i) the Holder or transferee of this Warrant, as the case may

- 4 -

be, furnish to the Company a written opinion of counsel (which
opinion shall be in form, substance and scope customary for opinions of counsel
in comparable transactions) to the effect that such transfer may be made without
registration under the Securities Act and under applicable state securities or
blue sky laws, and (ii) that the holder or transferee execute and deliver to the
Company such documentation as is necessary to establish that the shares are
being transferred pursuant to an exemption from the registration requirements of
the Securities Act and applicable state securities laws or in an offshore
transaction pursuant to and in accordance with Rule 904 of Regulation S of the
Securities Act.

     (d) The Company covenants that
upon receipt by the Company of evidence reasonably satisfactory to it of the
loss, theft, destruction or mutilation of this Warrant or any stock certificate
relating to the Shares, and in case of loss, theft or destruction, of indemnity
or security reasonably satisfactory to it (which, in the case of the Warrant,
shall not include the posting of any bond), and upon surrender and cancellation
of such Warrant or stock certificate, if mutilated, the Company will make and
deliver a new Warrant or stock certificate of like tenor and dated as of such
cancellation, in lieu of such Warrant or stock certificate.

4. Adjustments of Exercise Price and/or Number of
Shares. 

     4.1 Subdivision or
Combination of Shares. The number and kind of securities purchasable
upon the exercise of this Warrant and the Exercise Price shall be subject to
adjustment from time to time upon the happening of any of the following. In case
the Company shall (i) pay a dividend in shares of Common Stock or make a
distribution in shares of Common Stock to holders of its outstanding Common
Stock, (ii) subdivide its outstanding shares of Common Stock into a greater
number of shares, (iii) combine its outstanding shares of Common Stock into a
smaller number of shares of Common Stock, or (iv) issue any shares of its
capital stock in a reclassification of the Common Stock, then the number of
Shares purchasable upon exercise of this Warrant immediately prior thereto shall
be adjusted so that the Holder shall be entitled to receive the kind and number
of Shares or other securities of the Company which it would have owned or have
been entitled to receive had such Warrant been exercised in advance thereof.
Upon each such adjustment of the kind and number of Shares or other securities
of the Company which are purchasable hereunder, the Holder shall thereafter be
entitled to purchase the number of Shares or other securities resulting from
such adjustment at an Exercise Price per Warrant Share or other security
obtained by multiplying the Exercise Price in effect immediately prior to such
adjustment by the number of Shares purchasable pursuant hereto immediately prior
to such adjustment and dividing by the number of Shares or other securities of
the Company resulting from such adjustment. An adjustment made pursuant to this
paragraph shall become effective immediately after the effective date of such
event retroactive to the record date, if any, for such event.

     4.2 Reorganization,
Reclassification, Consolidation, Merger or Sale. If any
recapitalization, reclassification or reorganization of the share capital of the
Company, or any consolidation or merger of the Company with another Company, or
the sale of all or substantially all of its shares and/or assets or other
transaction (including, without limitation, a sale of substantially all of its
assets followed by a liquidation) shall be effected in such a way that holders
of Common Stock shall be entitled to receive shares, securities or other assets
or property, then, as a condition of such recapitalizations, reclassifications,
reorganizations, consolidations, mergers or sales, lawful and adequate
provisions shall be made by the Company whereby the Holder hereof shall
thereafter have the right to purchase and receive (in lieu of the Common Stock
of the Company immediately theretofore purchasable and receivable upon the
exercise of the rights represented hereby) such shares, securities or other
assets or property as may be issued or payable with respect to or in exchange
for the number of outstanding Common Stock which such Holder would have been
entitled to receive had such Holder exercised this Warrant immediately prior to
the consummation of such recapitalizations, reclassifications, reorganizations,
consolidations, mergers or sales. The Company or its successor shall promptly
issue to Holder a new Warrant for such new securities or other property. The new
Warrant shall provide for adjustments which shall be as nearly equivalent as may
be practicable to give effect to the adjustments 

- 5 -

provided for in this Section 4 including, without limitation,
adjustments to the Exercise Price and to the number of securities or property
issuable upon exercise of the new Warrant. The provisions of this Section 4.2
shall similarly apply to successive recapitalizations, reclassifications,
reorganizations, consolidations, mergers or sales. 

     4.3 Notice of
Adjustment. Whenever the number of Shares or number or kind of
securities or other property purchasable upon the exercise of this Warrant or
the Exercise Price is adjusted, as herein provided, the Company shall give
notice thereof to the Holder, which notice shall state the number of Shares (and
other securities or property) purchasable upon the exercise of this Warrant and
the Exercise Price of such Shares (and other securities or property) after such
adjustment, setting forth a brief statement of the facts requiring such
adjustment and setting forth the computation by which such adjustment was
made.

5. Miscellaneous Provisions. 

     5.1 Notices.
Any notice or other document required or permitted to be given or delivered to
the Holder shall be delivered or forwarded to the Holder at the address for
Holder provide on the first page of this Warrant or to such other address or
number as shall have been furnished to the Company in writing by the Holder. Any
notice or other document required or permitted to be given or delivered to the
Company shall be delivered or forwarded to the Company at the address set forth
above, Attention: President or to such other address or number as shall have
been furnished to Holder in writing by the Company. All notices, requests and
approvals required by this Warrant shall be in writing and shall be conclusively
deemed to be given (a) when hand-delivered to the other party, (b) when received
if sent by facsimile at the address and number set forth above; provided that
notices given by facsimile shall not be effective, unless either (i) a duplicate
copy of such facsimile notice is promptly given by depositing the same in the
mail, postage prepaid and addressed to the party as set forth below or (ii) the
receiving party delivers a written confirmation of receipt for such notice by
any other method permitted under this paragraph; and further provided that any
notice given by facsimile received after 5:00 p.m. (recipient’s time) or on a
non-business day shall be deemed received on the next business day; (c) five (5)
business days after deposit in the United States mail, certified, return receipt
requested, postage prepaid, and addressed to the party as set forth below; or
(d) the next business day after deposit with an international overnight delivery
service, postage prepaid, addressed to the party as set forth below with next
business day delivery guaranteed; provided that the sending party receives
confirmation of delivery from the delivery service provider. 

     5.2 Limitation of
Liability. No provision hereof, in the absence of affirmative action by
the Holder to purchase shares of Common Stock, and no mere enumeration herein of
the rights or privileges of the Holder, shall give rise to any liability of the
Holder for the Exercise Price hereunder or as a stockholder of the Company,
whether such liability is asserted by the Company or by creditors of the
Company. 

     5.3 No Rights as
Stockholder. This Warrant shall not entitle the Holder to any of the
rights of a stockholder of the Company except upon exercise in accordance with
the terms hereof.

     5.4 Governing
Law. This Warrant shall be governed by and construed in accordance with
the laws of the State of Nevada as applied to agreements among Nevada residents
made and to be performed entirely within the State of Nevada, without giving
effect to the conflict of law principles thereof. 

- 6 -

     5.5 Waiver,
Amendments and Headings. This Warrant and any provision hereof may be
changed, waived, discharged or terminated only by an instrument in writing
signed by both parties (either generally or in a particular instance and either
retroactively or prospectively). The headings in this Warrant are for purposes
of reference only and shall not affect the meaning or construction of any of the
provisions hereof. 

     5.5 Warrant
Certificate Personal to Holder. This Warrant Certificate is issued to
the Holder pursuant to the Consultant Agreement and is personal to the Holder
and may not be assigned without the prior written consent of the Company. 

IN WITNESS WHEREOF, the Company has caused this Warrant
to be signed by its duly authorized officer effective as of the 31st
day of March, 2008. 

	  	MOBIVENTURES INC. 
	 	 
	  	Per: /s/ Peter Åhman 
	Signature of Authorized Signatory: 	 
	 	 
	Name of Authorized Signatory: 	Peter
      Åhman 
	 	 
	Position of Authorized Signatory: 	President 

SCHEDULE A 

FORM OF NOTICE OF EXERCISE 

TO: MOBIVENTURES INC.

The undersigned hereby exercises the right to purchase the
number of shares of common stock of Mobiventures (US) Inc. (the "Company") set
forth below (the "Shares") pursuant to the Warrant to Purchase Common Stock
issued by the Company and dated the 31st day of March, 2008. In accordance with
the provisions of the Warrant, the undersigned hereby tenders the following
concurrently with the delivery of this Notice of Exercise (i) payment of the
Exercise Price payable by the undersigned for the Shares (the “Purchase Price”)
in effect for each of the Shares being purchased, and (ii) the original
Warrant.

	Number of Shares Purchased: 	 
                         
                     Shares

	 	 
	Aggregate Purchase Price: 	US$
      0.05 

The undersigned represents and warrants to and agrees with the
Company that:

	1. 	
      It has such knowledge and experience in financial and
      business matters as to be capable of evaluating the merits and risks of an
      investment in the Shares and it is able to bear the economic risk of loss
      of its entire investment.

	 	 
	2. 	
      The Company has provided to it the opportunity to ask
      questions and receive answers concerning the terms and conditions of the
      offering and it has had access to such information concerning the Company
      as it has considered necessary or appropriate in connection with its
      investment decision to acquire the Shares.

	 	 
	3. 	
      It is acquiring the Shares for its own account, for
      investment purposes only and not with a view to any resale, distribution
      or other disposition of the Shares in violation of the United States
      securities laws.

	 	 
	4. 	
      It understands the Shares have not been and will not be
      registered under the United States Securities Act of 1933, as amended (the
      "1933 Act") or the securities laws of any state of the United States and
      that the sale contemplated hereby is being made in reliance on a safe-
      harbour from such registration requirements.

	 	 
	5. 	
      The undersigned is not a “U.S. Person” as defined by
      Regulation S of the Securities Act and is not acquiring the Shares for the
      account or benefit of a U.S. Person.

A “U.S. Person” is defined by
Regulation S of the Act to be any person who is:

	 	(a) 	
      any natural person resident in the United
      States;

	 	 	 
	 	(b) 	
      any partnership or corporation organized or
      incorporated under the laws of the United
States;

8

	 	(c) 	
      any estate of which any executor or administrator is a
      U.S. person;

	 	 	 	 
	 	(d) 	
      any trust of which any trustee is a U.S.
      person;

	 	 	 	 
	 	(e) 	
      any agency or branch of a foreign entity located in
      the United States;

	 	 	 	 
	 	(f) 	
      any non-discretionary account or similar account
      (other than an estate or trust) held by a dealer or other fiduciary
      organized, incorporate, or (if an individual) resident in the United
      States; and

	 	 	 	 
	 	(g) 	
      any partnership or corporation if:

	 	 	 	 
	 		(i) 	
      organized or incorporated under the laws of any
      foreign jurisdiction; and

	 	 	 	 
	 		(ii) 	
      formed by a U.S. person principally for the purpose of
      investing in securities not registered under the Act, unless it is
      organized or incorporated, and owned, by accredited Subscribers [as
      defined in Section 230.501(a) of the Act] who are not natural persons,
      estates or trusts.

	6. 	
      The undersigned was not in the United States at the time
      the offer to purchase the Shares was received and the Subscriber was not
      in the United States at the time these Warrants were exercised.

	 	 
	7. 	
      The undersigned acknowledges that the Shares are
      “restricted securities” within the meaning of the Securities Act and will
      be issued to the Subscriber in accordance with Regulation S of the
      Securities Act without registration under the Securities Act.

	 	 
	8. 	
      The undersigned agrees to resell the Shares only in
      accordance with the provisions of Regulation S of the Securities Act,
      pursuant to registration under the Securities Act, or pursuant to an
      available exemption from registration pursuant to the Securities
    Act.

	 	 
	9. 	
      The undersigned agrees not to engage in hedging
      transactions with regard to the Shares unless in compliance with the
      Securities Act.

	 	 
	10. 	
      The Subscriber acknowledges and agrees that all
      certificates representing the Shares will be endorsed with the following
      legend in accordance with Regulation S of the Securities
  Act:

  “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 AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS
    OF THE ACT PROVIDED BY REGULATION S PROMULGATED UNDER THE ACT. SUCH SECURITIES
    MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE TRANSFERRED EXCEPT IN
    ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION
    UNDER THE ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER
    THE ACT. HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED
    UNLESS IN COMPLIANCE WITH THE ACT.”

9

	11. 	
      The Subscriber and the Company agree that the Company
      will refuse to register any transfer of the Shares not made in accordance
      with the provisions of Regulation S of the Securities Act, pursuant to
      registration under the Securities Act, pursuant to an available exemption
      from registration, or pursuant to this
Agreement.

	Date of Execution: 	 
	 	 
	Signature of Purchaser or Authorized Signatory 	 
	of Purchaser (if the Purchaser is not an 	 
	individual): 	 
	 	 
	Name of Authorized Signatory of 	 
	Purchaser(if the Purchaser is not an individual): 	 
	 	 
	Title of Authorized Signatory of 	 
	Purchaser(if the Purchaser is not an individual): 	 
	 	 
	Name of Purchaser: 	 
	 	 
	Address of Purchaser:

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