Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Mobiventures, Inc. - Exhibit 10.33

ESCROW AGREEMENT 

          THIS
  ESCROW AGREEMENT (this “Agreement”) is made and entered
  into as of March 31, 2008 among MOBIVENTURES, INC. a Nevada corporation,
  with headquarters located at MIS Business Centre, Suite 3.19, 130 Shaftsbury
  Avenue, London, England (the “Company”); the Buyer(s) listed
  on the Securities Purchase Agreement, dated the date hereof (also referred to
  as the “Buyer(s)”), and JAMES G. DODRILL II, P.A., as
  Escrow Agent hereunder (the “Escrow Agent”). 

BACKGROUND

          WHEREAS,
  the Company and the Buyer(s) have entered into a Securities Purchase Agreement
  (the “Securities Purchase Agreement”), dated as of the date
  hereof, pursuant to which the Company proposes to sell secured redeemable debentures
  (the “Redeemable Debentures”). The Securities Purchase Agreement
  provides that the Buyer(s) shall deposit the purchase amount in a segregated
  escrow account to be held by Escrow Agent in order to effectuate a disbursement
  to the Company at closings to be held as set forth in the Securities Purchase
  Agreement (each, a “Closing”). 

          WHEREAS,
  the Company intends to sell Redeemable Debentures (the “Offering”).

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

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

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

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

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

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

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

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

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

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

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

                              a.     
  The Company hereby acknowledges that the Escrow Agent is counsel to the Buyer(s)
  in connection with the transactions contemplated and referred herein. The Company
  agrees that in the event of any dispute arising in connection with this Escrow
  Agreement or otherwise in connection with any transaction or agreement contemplated
  and referred herein, the Escrow Agent shall be permitted to continue to represent
  the Buyer(s) and the Company will not seek to disqualify such counsel.

                    3.      Creation
  of Escrow Account. On or prior to the date of the commencement
  of the Offering, the parties shall establish an escrow account with the Escrow
  Agent, which escrow account shall be entitled as described below. The Buyer(s)
  will wire funds to the account of the Escrow Agent as follows: 

	 	Bank: 	Bank of America 
	 	 	 
	 	Routing #: 	026009583 
	 	 	 
	 	Account #: 	4350 1134 7136 
	 	 	 
	 	SWIFT #: 	BOFAUS3N 
	 	 	 
	 	Name on Account: 	James G. Dodrill II, P.A. as Escrow
      Agent 
	 	 	 
	 	Name on Sub-Account: 	Trafalgar – MobiVentures Escrow
      account 

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

                    5.      Disbursements
  from the Escrow Account. 

                              a.      The
  Escrow Agent will continue to hold the Escrow Funds until: (a) the Buyer(s)
  or Trafalgar Capital Sarl on behalf of the Buyer(s) and (b) the Company execute
  a Joint Written Direction directing the Escrow Agent to disburse the Escrow
  Funds pursuant to Joint Written Direction signed by the Company and the Buyer(s).
  Escrow Agent is obligated to

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disburse the Escrow Funds in accordance with the Joint Written
  Directions and has no discretion to withhold disbursement of the Escrow Funds
  for any reason upon receipt of such Joint Written Directions. In disbursing
  such funds, Escrow Agent is authorized to rely upon such Joint Written Direction
  from the Company and the Buyer(s) and may accept any signatory from the Company
  listed on the signature page to this Agreement and any signature from the Buyer(s)
  that the Escrow Agent already has on file.

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

                              c.     
  In no event will the Escrow Funds be released to the Company until the Escrow
  Funds are received by Escrow Agent in collected funds. For purposes of this
  Agreement, the term “collected funds” shall mean the Escrow Funds
  received by Escrow Agent shall have cleared normal banking channels and are
  in the form of cash. 

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

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

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

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

3 

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

                    8.      Investment
  of Escrow Funds. Escrow Agent shall deposit the Escrow Funds
  into a segregated escrow account which shall be used solely in connection with
  this transaction (the “Escrow Account”).

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

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

                    10.      Liability
  of Escrow Agent. 

                              a.      Escrow
  Agent shall have no liability or obligation with respect to the Escrow Funds
  except for Escrow Agent’s willful misconduct or gross negligence. Escrow
  Agent’s sole responsibility shall be for the safekeeping, investment, and
  disbursement of the Escrow Funds in accordance with the terms of this Agreement.
  Escrow Agent shall have no implied duties or obligations and shall not be charged
  with knowledge or notice or any fact or circumstance not specifically set forth
  herein. Escrow Agent may rely upon any instrument, not only as to its due execution,
  validity and effectiveness, but also as to the truth and accuracy of 4 

any information contained herein, which Escrow Agent shall in
  good faith believe to be genuine, to have been signed or presented by the person
  or parties purporting to sign the same and conform to the provisions of this
  Agreement. In no event shall Escrow Agent be liable for incidental, indirect,
  special, and consequential or punitive damages. Escrow Agent shall not be obligated
  to take any legal action or commence any proceeding in connection with the Escrow
  Funds, any account in which Escrow Funds are deposited, this Agreement or the
  Purchase Agreement, or to appear in, prosecute or defend any such legal action
  or proceeding. Escrow Agent may consult legal counsel selected by it in any
  event of any dispute or question as to construction of any of the provisions
  hereof or of any other agreement or its duties hereunder, or relating to any
  dispute involving any party hereto, and shall incur no liability and shall be
  fully indemnified from any liability whatsoever in acting in accordance with
  the opinion or instructions of such counsel. The Company and the Buyer(s) jointly
  and severally shall promptly pay, upon demand, the reasonable fees and expenses
  of any such counsel. 

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

                    11.      Indemnification
  of Escrow Agent. From and at all times after the date of this
  Agreement, the parties jointly and severally, shall, to the fullest extent permitted
  by law and to the extent provided herein, indemnify and hold harmless Escrow
  Agent and each director, officer, employee, attorney, agent and affiliate of
  Escrow Agent (collectively, the “Indemnified Parties”)
  against any and all actions, claims (whether or not valid), losses, damages,
  liabilities, costs and expenses of any kind or nature whatsoever (including
  without limitation reasonable attorney’s fees, costs and expenses) incurred
  by or asserted against any of the Indemnified Parties from and after the date
  hereof, whether direct, indirect or consequential, as a result of or arising
  from or in any way relating to any claim, demand, suit, action, or proceeding
  (including any inquiry or investigation) by any person, including without limitation
  the parties to this Agreement, whether threatened or initiated, asserting a
  claim for any legal or equitable remedy against any person under any statute
  or regulation, including, but not limited to, any federal or state securities
  laws, or under any common law or equitable cause or otherwise, arising from
  or in connection with the negotiation, preparation, execution, performance or
  failure of performance of this Agreement or any transaction contemplated herein,
  whether or not any such Indemnified Party is a party to any such action or proceeding,
  suit or the target of any such inquiry or investigation; provided, however,
  that no Indemnified Party shall have the right to be indemnified hereunder for
  liability finally determined by a court of competent jurisdiction, 

5 

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

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

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

                    13.      Warranties.

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

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

6 

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

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

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

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

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

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

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

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

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

7 

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

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

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

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

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

	If to Buyer(s), to: 	Trafalgar Capital Specialized Investment Fund
    
	  	8-10 Rue Mathias Hardt 
	  	BP 3023 
	  	L-1030 Luxembourg 
	  	Attention:      Andrew Garai, Chairman of
      the Board of 
	  	                         Trafalgar
      Capital Sarl, General Partner 
	  	Facsimile:         011-44-207-405-0161
      and 
	  	                          001-786-323-1651
    

8 

	If to Escrow Agent, to: 	James G. Dodrill II, P.A. 
	  	5800 Hamilton Way 
	  	Boca Raton, FL 33496 
	  	Attention:           James
      Dodrill Esq. 
	  	Telephone:         (561) 862-0529
    
	  	Facsimile:           (561)
      892-7787 
	  	 
	If to the Company, to: 	MobiVentures, Inc. 
	  	Sunnyside 
	  	Brinkworth 
		Chippenham 
	  	Wiltshire 
	  	SN15 5BY 
	  	England 
	  	Attention:           Mr.
      Peter Åhman, President 
	  	Telephone:          +358
      40 5514177 
	  	Facsimile:          
       +44 8452 991729 
	  	Telephone: 
	  	Facsimile: 
	  	 
	With a copy to: 	Lang Michener LLP 
	  	Royal Centre, 1055 West Georgia Stree, Suite 1500
    
	 	PO Box 11117 
	  	Vancouver, VC Canada V6E 4N7 
	  	Attention: Michael H. Taylor 
	  	Telephone: 604-691-7410 
	  	Facsimile: 604-893-2669 

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

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

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

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

                    19.      Entire
  Agreement. This Agreement constitutes the entire Agreement between
  the parties relating to the holding, investment, and disbursement of the Escrow
  Funds 

9 

and sets forth in their entirety the obligations and duties of
  the Escrow Agent with respect to the Escrow Funds. 

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

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

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

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

MOBIVENTURES, INC. 

By:   /s/ Peter Åhman  

  Name:   Peter Åhman 

  Title:     President 

  TRAFALGAR CAPITAL SPECIALIZED 

  INVESTMENT FUND, LUXEMBOURG 

By:        Trafalgar Capital
  Sarl 

  Its:        General Partner 

By:   _______________________________________

  Name:   Andrew Garai 

  Title:     Chairman of the Board 

JAMES G. DODRILL II, P.A. 

By:   _______________________________________

  Name:   James Dodrill, Esq. 

  Title:     President 

10Filed by Automated Filing Services Inc. (604) 609-0244 - Mobiventures, Inc. - Exhibit 10.34

REGISTRATION RIGHTS AGREEMENT 

          THIS
  REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated
  as of March 31, 2008, by and among MOBIVENTURES, INC., a Nevada corporation,
  with its principal office located at MIS Business Centre, Suite 3.19, 130 Shaftsbury
  Avenue, London, England (the “Company”), and the undersigned
  investors (each, an “Investor” and collectively, the “Investors”).

          WHEREAS:

          A.     
  In connection with the Securities Purchase Agreement by and among the parties
  hereto of even date herewith (the “Securities Purchase Agreement”),
  the Company has agreed, upon the terms and subject to the conditions of the
  Securities Purchase Agreement, to issue and sell to the Investors secured convertible
  debentures (the “Convertible Debentures”) which shall be convertible
  into that number of shares of the Company’s common stock, par value US$0.001
  per share (the “Common Stock”), pursuant to the terms of the
  Securities Purchase Agreement for an aggregate purchase price of up to Two Million
  U.S. Dollars ($2,000,000). Capitalized terms not defined herein shall have the
  meaning ascribed to them in the Securities Purchase Agreement. 

          B.     
  To induce the Investors to execute and deliver the Securities Purchase Agreement,
  the Company has agreed to provide certain registration rights under the Securities
  Act of 1933, as amended, and the rules and regulations there under, or any similar
  successor statute (collectively, the “1933 Act”), and applicable
  state securities laws. 

          NOW,
  THEREFORE, in consideration of the premises and the mutual covenants contained
  herein and other good and valuable consideration, the receipt and sufficiency
  of which are hereby acknowledged, the Company and the Investors hereby agree
  as follows: 

               1.      DEFINITIONS.

          As
  used in this Agreement, the following terms shall have the following meanings:

                              (a)      “Person”
  means a corporation, a limited liability company, an association, a partnership,
  an organization, a business, an individual, a governmental or political subdivision
  thereof or a governmental agency. 

                              (b)      “Register,”
  “registered,” and “registration” refer to
  a registration effected by preparing and filing one or more Registration Statements
  (as defined below) in compliance with the 1933 Act and pursuant to Rule 415
  under the 1933 Act or any successor rule providing for offering securities on
  a continuous or delayed basis (“Rule 415”), and the declaration
  or ordering of effectiveness of such Registration Statement(s) by the United
  States Securities and Exchange SEC (the “SEC”). 

                              (c)     
  “Registrable Securities” means the shares of Common Stock issuable
  to Investors upon conversion of the Convertible Debentures pursuant to the Securities
  Purchase 

Agreement and the shares of Common Stock issuable to the Investors
  upon exercise of the Warrant issued pursuant to the Securities Purchase Agreement.
  As to any particular Registrable Securities, such securities will cease to be
  Registrable Securities when (a) they have been effectively registered under
  the 1933 Act and disposed of in accordance with the registration statement covering
  them, (b) they have been sold, or may be sold without volume restrictions pursuant
  to Rule 144(b)(1) promulgated by the SEC under the 1933 Act, or (c) they have
  been otherwise transferred and new certificates for them not bearing a restrictive
  legend have been issued by the Company and the Company shall not have “stop
  transfer” instructions against them. 

                              (d)     
  “Registration Statement” means a registration statement under
  the 1933 Act which covers the Registrable Securities. 

                              (e)     
  “Rule 144” means Rule 144 promulgated under the 1933 Act or
  any similar rule or regulation of the SEC that may at any time permit the Investors
  to sell securities of the Company to the public without registration. 

               2.      REGISTRATION.

                              (a)      Subject
  to the terms and conditions of this Agreement, the Company shall prepare and
  file, no later than thirty (30) days from the date of the Closing by the Company
  of its acquisition of Pure Promoter, Ltd (the “Scheduled Filing Deadline”,
  which shall in no event be later than fifty (50) days from the date hereof),
  with the SEC a registration statement on Form S-1 (or, if the Company is then
  eligible, on Form S-3) under the 1933 Act (the “Initial Registration
  Statement”) for the registration for the resale by all Investors who
  purchased Convertible Debentures pursuant to the Securities Purchase Agreement
  at least three (3) times the number of shares which are anticipated to be issued
  upon conversion of the Convertible Debentures issued pursuant to the Securities
  Purchase Agreement and the Investor’s Shares (subject to Rule 415 restrictions).
  The Company shall cause the Registration Statement to remain effective until
  all of the Registrable Securities have been sold. Prior to the filing of the
  Registration Statement with the SEC, the Company shall furnish a copy (which
  may be in electronic form) of the Initial Registration Statement to the Investors
  and James G. Dodrill II, P.A. for their review and comment. The Investors and
  James G. Dodrill II, P.A. shall furnish comments on the Initial Registration
  Statement to the Company by the later of: (a) seventy-two (72) hours of the
  receipt thereof from the Company and (b) the close of the second business day
  following receipt thereof from the Company. 

                              (b)      Effectiveness
  of the Initial Registration Statement. The Company shall use its best its
  best efforts (i) to have the Initial Registration Statement declared effective
  by the SEC no later than one hundred twenty (120) days after the Closing Date
  (the “Scheduled Effective Deadline”) and (ii) to insure
  that the Initial Registration Statement and any subsequent Registration Statement
  remains in effect until all of the Registrable Securities have been sold, subject
  to the terms and conditions of this Agreement. It shall be an event of default
  hereunder if the Initial Registration Statement is not declared effective by
  the SEC within one hundred twenty (120) days after the Closing Date. 

2 

                              (c)      Failure
  to File or Obtain Effectiveness of the Registration Statement. In the event
  the Registration Statement is not filed by the Scheduled Filing Deadline or
  is not declared effective by the SEC on or before the Scheduled Effective Date,
  or if after the Registration Statement has been declared effective by the SEC,
  sales cannot be made pursuant to the Registration Statement (whether because
  of a failure to keep the Registration Statement effective, failure to disclose
  such information as is necessary for sales to be made pursuant to the Registration
  Statement, failure to register sufficient shares of Common Stock or otherwise
  then as partial relief for the damages to any holder of Registrable Securities
  by reason of any such delay in or reduction of its ability to sell the underlying
  shares of Common Stock (which remedy shall not be exclusive of any other remedies
  at law or in equity), the Company will pay as liquidated damages (the “Liquidated
  Damages”) to the holder, at the holder’s option, either a cash
  amount or shares of the Company’s Common Stock within three (3) business
  days, after demand therefore, equal to two percent (2%) of the liquidated value
  of the Convertible Debentures outstanding as Liquidated Damages for each thirty
  (30) day period (or any part thereof) after the Scheduled Filing Deadline or
  the Scheduled Effective Date as the case may be. Notwithstanding anything herein
  to the contrary, to the extent that the registration of any or all of the Registrable
  Securities by the Company on a registration statement is prohibited (the “Non-Registered
  Shares”) as a result of rules, regulations, positions or releases issued
  or actions taken by the SEC pursuant to its authority with respect to Rule 415
  under the 1933 Act and the Company has registered at such time the maximum number
  of Registrable Securities permissible upon consultation with the SEC, then the
  liquidated damages described herein shall not be applicable to such Non-Registered
  Shares.

                              (d)     
  Liquidated Damages. The Company and the Investor hereto acknowledge and
  agree that the sums payable under subsection 2(c) above shall constitute liquidated
  damages and not penalties and are in addition to all other rights of the Investor,
  including the right to call a default. The parties further acknowledge that
  (i) the amount of loss or damages likely to be incurred is incapable or is difficult
  to precisely estimate, (ii) the amounts specified in such subsections bear a
  reasonable relationship to, and are not plainly or grossly disproportionate
  to, the probable loss likely to be incurred in connection with any failure by
  the Company to obtain or maintain the effectiveness of a Registration Statement,
  (iii) one of the reasons for the Company and the Investor reaching an agreement
  as to such amounts was the uncertainty and cost of litigation regarding the
  question of actual damages, and (iv) the Company and the Investor are sophisticated
  business parties and have been represented by sophisticated and able legal counsel
  and negotiated this Agreement at arm’s length.

                              (e)      Choice
  of law firm. The Company shall use a law firm recommended by the Buyers.

               3.      RELATED
  OBLIGATIONS. 

                              (a)      The
  Company shall keep the Registration Statement effective pursuant to Rule 415
  at all times until all Registrable Securities covered by such Registration Statement
  have been sold, or may be sold without volume restrictions pursuant to Rule
  144(b)(1) (the “Registration Period”), which Registration Statement
  (including any amendments or supplements thereto and prospectuses contained
  therein) shall not contain any untrue statement of a material 

3 

fact or omit to state a material fact required to be stated therein,
  or necessary to make the statements therein, in light of the circumstances in
  which they were made, not misleading. 

                              (b)      The
  Company shall prepare and file with the SEC such amendments (including post-effective
  amendments) and supplements to a Registration Statement and the prospectus used
  in connection with such Registration Statement, which prospectus is to be filed
  pursuant to Rule 424 promulgated under the 1933 Act, as may be necessary to
  keep such Registration Statement effective at all times during the Registration
  Period, and, during such period, comply with the provisions of the 1933 Act
  with respect to the disposition of all Registrable Securities of the Company
  covered by such Registration Statement until such time as all of such Registrable
  Securities shall have been disposed of in accordance with the intended methods
  of disposition by the seller or sellers thereof as set forth in such Registration
  Statement. In the case of amendments and supplements to a Registration Statement
  which are required to be filed pursuant to this Agreement (including pursuant
  to this Section 3(b)) by reason of the Company’s filing a report on Form
  10-K, Form 10-KSB, Form 10-Q, Form 10-QSB or Form 8-K or any analogous report
  under the Securities Exchange Act of 1934, as amended (the “1934
  Act”), the Company shall incorporate such report by reference into
  the Registration Statement, if applicable, or shall file such amendments or
  supplements with the SEC on the same day on which the 1934 Act report is filed
  which created the requirement for the Company to amend or supplement the Registration
  Statement.

                              (c)      The
  Company shall furnish to each Investor whose Registrable Securities are included
  in any Registration Statement, upon the request of such Investor, without charge,
  (i) at least one (1) copy of such Registration Statement as declared effective
  by the SEC and any amendment(s) thereto, including financial statements and
  schedules, all documents incorporated therein by reference, all exhibits and
  each preliminary prospectus, (ii) up to ten (10) copies of the final prospectus
  included in such Registration Statement and all amendments and supplements thereto
  (or such other number of copies as such Investor may reasonably request in writing)
  and (iii) such other documents as such Investor may reasonably request in writing
  from time to time in order to facilitate the disposition of the Registrable
  Securities owned by such Investor. Unless otherwise specified by the Investor,
  the Company may furnish copies of all such documents to the Investor in electronic
  form. The Investor acknowledges that any obligation under section 5(b)(2) of
  the 1933 Act to have a prospectus that satisfies the requirements of section
  10(a) of the 1933 Act precede or accompany the carrying or delivery of a security
  in a registered offering is satisfied if the conditions in Rule 172(c) under
  the 1933 Act have been met.

                              (d)      The
  Company shall use its best efforts to (i) register and qualify the Registrable
  Securities covered by a Registration Statement under such other securities or
  “blue sky” laws of such jurisdictions in the United States as any
  Investor reasonably requests, (ii) prepare and file in those jurisdictions,
  such amendments (including post-effective amendments) and supplements to such
  registrations and qualifications as may be necessary to maintain the effectiveness
  thereof during the Registration Period, (iii) take such other actions as may
  be necessary to maintain such registrations and qualifications in effect at
  all times during the Registration Period, and (iv) take all other actions reasonably
  necessary or advisable to qualify the Registrable Securities for sale in such
  jurisdictions; provided, however, that the Company shall not be required in
  connection therewith or as a condition thereto to (w) make any 

4 

change to its certificate of incorporation or by-laws, (x) qualify
  to do business in any jurisdiction where it would not otherwise be required
  to qualify but for this Section 3(d), (y) subject itself to general taxation
  in any such jurisdiction, or (z) file a general consent to service of process
  in any such jurisdiction. The Company shall promptly notify each Investor who
  holds Registrable Securities of the receipt by the Company of any notification
  with respect to the suspension of the registration or qualification of any of
  the Registrable Securities for sale under the securities or “blue sky”
  laws of any jurisdiction in the United States or its receipt of actual notice
  of the initiation or threat of any proceeding for such purpose. 

                              (e)      As
  promptly as practicable after becoming aware of such event or development, the
  Company shall notify each Investor in writing of the happening of any event
  as a result of which the prospectus included in a Registration Statement, as
  then in effect, includes an untrue statement of a material fact or omission
  to state a material fact required to be stated therein or necessary to make
  the statements therein, in light of the circumstances under which they were
  made, not misleading (provided that in no event shall such notice contain any
  material, nonpublic information), and promptly prepare a supplement or amendment
  to such Registration Statement to correct such untrue statement or omission,
  and deliver ten (10) copies of such supplement or amendment to each Investor.
  The Company shall also promptly notify each Investor in writing (i) when a prospectus
  or any prospectus supplement or post-effective amendment has been filed, and
  when a Registration Statement or any post-effective amendment has become effective
  (notification of such effectiveness shall be delivered to each Investor by facsimile
  on the same day of such effectiveness), (ii) of any request by the SEC for amendments
  or supplements to a Registration Statement or related prospectus or related
  information, and (iii) of the Company’s reasonable determination that a
  post-effective amendment to a Registration Statement would be appropriate. 

                              (f)     
  The Company shall use its best efforts to prevent the issuance of any stop order
  or other suspension of effectiveness of a Registration Statement, or the suspension
  of the qualification of any of the Registrable Securities for sale in any jurisdiction
  within the United States of America and, if such an order or suspension is issued,
  to obtain the withdrawal of such order or suspension at the earliest possible
  moment and to notify each Investor who holds Registrable Securities being sold
  of the issuance of such order and the resolution thereof or its receipt of actual
  notice of the initiation or threat of any proceeding for such purpose. 

                              (g)      Upon
  written request, the Company shall make available for inspection by (i) any
  Investor and (ii) one (1) firm of accountants or other agents retained by the
  Investors (collectively, the “Inspectors”) all pertinent financial
  and other records, and pertinent corporate documents and properties of the Company
  (collectively, the “Records”), as shall be reasonably deemed
  necessary by each Inspector, and cause the Company’s officers, directors
  and employees to supply all information which any Inspector may reasonably request
  in writing; provided, however, that each Inspector shall agree, and each Investor
  hereby agrees, to hold in strict confidence and shall not make any disclosure
  (except to an Investor) or use any Record or other information which the Company
  determines in good faith to be confidential, and of which determination the
  Inspectors are so notified, unless (a) the disclosure of such Records is necessary
  to avoid or correct a misstatement or omission in any Registration Statement
  or is otherwise required under the 1933 Act, (b) the release of such Records
  is ordered pursuant to a final, non-appealable subpoena or order from a court
  or government body of competent 

5 

jurisdiction, or (c) the information in such Records has been
  made generally available to the public other than by disclosure in violation
  of this or any other agreement of which the Inspector and the Investor has knowledge.
  Each Investor agrees that it shall, upon learning that disclosure of such Records
  is sought in or by a court or governmental body of competent jurisdiction or
  through other means, give prompt notice to the Company and allow the Company,
  at its expense, to undertake appropriate action to prevent disclosure of, or
  to obtain a protective order for, the Records deemed confidential. 

                              (h)      The
  Company shall hold in confidence and not make any disclosure of information
  concerning an Investor provided to the Company unless (i) disclosure of such
  information is necessary to comply with federal or state securities laws, (ii)
  the disclosure of such information is necessary to avoid or correct a misstatement
  or omission in any Registration Statement, (iii) the release of such information
  is ordered pursuant to a subpoena or other final, non-appealable order from
  a court or governmental body of competent jurisdiction, or (iv) such information
  has been made generally available to the public other than by disclosure in
  violation of this Agreement or any other agreement. The Company agrees that
  it shall, upon learning that disclosure of such information concerning an Investor
  is sought in or by a court or governmental body of competent jurisdiction or
  through other means, give prompt written notice to such Investor and allow such
  Investor, at the Investor’s expense, to undertake appropriate action to
  prevent disclosure of, or to obtain a protective order for, such information.

                              (i)      The
  Company shall use its best efforts either to cause all the Registrable Securities
  covered by a Registration Statement (i) to be listed on each securities exchange
  on which securities of the same class or series issued by the Company are then
  listed, if any, if the listing of such Registrable Securities is then permitted
  under the rules of such exchange or (ii) the inclusion for quotation on the
  OTC Bulletin Board for such Registrable Securities. The Company shall pay all
  fees and expenses in connection with satisfying its obligation under this Section
  3(j). 

                              (j)      The
  Company shall cooperate with the Investors who hold Registrable Securities being
  offered and, to the extent applicable, to facilitate the timely preparation
  and delivery of certificates (not bearing any restrictive legend) representing
  the Registrable Securities to be offered pursuant to a Registration Statement
  and enable such certificates to be in such denominations or amounts, as the
  case may be, as the Investors may reasonably request in writing and registered
  in such names as the Investors may request. 

                              (k)      The
  Company shall use its best efforts to cause the Registrable Securities covered
  by the applicable Registration Statement to be registered with or approved by
  such other governmental agencies or authorities as may be necessary to consummate
  the disposition of such Registrable Securities. 

                              (l)      The
  Company shall make generally available to its security holders as soon as practical,
  but not later than ninety (90) days after the close of the period covered thereby,
  an earnings statement (in form complying with the provisions of Rule 158 under
  the 1933 Act) covering a twelve (12) month period beginning not later than the
  first day of the Company’s fiscal quarter next following the effective
  date of the Registration Statement. 

6 

                              (m)      The
  Company shall otherwise use its best efforts to comply with all applicable rules
  and regulations of the SEC in connection with any registration hereunder. 

                              (n)      Within
  two (2) business days after a Registration Statement which covers Registrable
  Securities is declared effective by the SEC, the Company shall deliver, and
  shall cause legal counsel for the Company to deliver, to the transfer agent
  for such Registrable Securities (with copies to the Investors whose Registrable
  Securities are included in such Registration Statement) confirmation that such
  Registration Statement has been declared effective by the SEC in the form attached
  hereto as Exhibit A. 

                              (o)      The
  Company shall take all other reasonable actions necessary to expedite and facilitate
  the lawful disposition by the Investors of Registrable Securities pursuant to
  a Registration Statement. 

               4.     
  OBLIGATIONS OF THE INVESTORS. 

          Each
  Investor agrees that, upon receipt of any notice from the Company of the happening
  of any event of the kind described in Section 3(f) or the first sentence of
  3(e), such Investor will immediately discontinue disposition of Registrable
  Securities pursuant to any Registration Statement(s) covering such Registrable
  Securities until such Investor’s receipt of the copies of the supplemented
  or amended prospectus contemplated by Section 3(e) or receipt of notice that
  no supplement or amendment is required. Notwithstanding anything to the contrary,
  the Company shall cause its transfer agent to deliver unlegended certificates
  for shares of Common Stock to a transferee of an Investor in accordance with
  the terms of the Securities Purchase Agreement in connection with any sale of
  Registrable Securities with respect to which an Investor has entered into a
  contract for sale prior to the Investor’s receipt of a notice from the
  Company of the happening of any event of the kind described in Section 3(f)
  or the first sentence of 3(e) and for which the Investor has not yet settled.

               5.      EXPENSES
  OF REGISTRATION. 

         All expenses
  incurred in connection with registrations, filings or qualifications pursuant
  to Sections 2 and 3, including, without limitation, all registration, listing
  and qualifications fees, printers, legal and accounting fees shall be paid by
  the Company.

               6.      INDEMNIFICATION.

          With
  respect to Registrable Securities which are included in a Registration Statement
  under this Agreement: 

                              (a)      To
  the fullest extent permitted by law, the Company will, and hereby does, indemnify,
  hold harmless and defend each Investor, the directors, officers, partners, employees,
  agents, representatives of, and each Person, if any, who controls any Investor
  within the meaning of the 1933 Act or the 1934 Act (each, an “Indemnified
  Person”), against any losses, claims, damages, liabilities, judgments,
  fines, penalties, charges, costs, reasonable attorneys’ fees, amounts paid
  in settlement or expenses, joint or several (collectively, “Claims”)
  incurred in investigating, preparing or defending any action, claim, suit, inquiry,
  proceeding, investigation or appeal taken from the foregoing by or before any
  court or governmental, 

7 

administrative or other regulatory agency, body or the SEC, whether
  pending or threatened, whether or not an indemnified party is or may be a party
  thereto (“Indemnified Damages”), to which any of them may become
  subject insofar as such Claims (or actions or proceedings, whether commenced
  or threatened, in respect thereof) arise out of or are based upon: (i) any untrue
  statement or alleged untrue statement of a material fact in a Registration Statement
  or any post-effective amendment thereto or in any filing made in connection
  with the qualification of the offering under the securities or other “blue
  sky” laws of any jurisdiction in which Registrable Securities are offered
  (“Blue Sky Filing”), or the omission or alleged omission to
  state a material fact required to be stated therein or necessary to make the
  statements therein not misleading; (ii) any untrue statement or alleged untrue
  statement of a material fact contained in any final prospectus (as amended or
  supplemented, if the Company files any amendment thereof or supplement thereto
  with the SEC) or the omission or alleged omission to state therein any material
  fact necessary to make the statements made therein, in light of the circumstances
  under which the statements therein were made, not misleading; or (iii) any violation
  or alleged violation by the Company of the 1933 Act, the 1934 Act, any other
  law, including, without limitation, any state securities law, or any rule or
  regulation there under relating to the offer or sale of the Registrable Securities
  pursuant to a Registration Statement (the matters in the foregoing clauses (i)
  through (iii) being, collectively, “Violations”). The Company
  shall reimburse the Investors and each such controlling person promptly as such
  expenses are incurred and are due and payable, for any legal fees or disbursements
  or other reasonable expenses incurred by them in connection with investigating
  or defending any such Claim. Notwithstanding anything to the contrary contained
  herein, the indemnification agreement contained in this Section 6(a): (x) shall
  not apply to a Claim by an Indemnified Person arising out of or based upon a
  Violation which occurs in reliance upon and in conformity with information furnished
  in writing to the Company by such Indemnified Person expressly for use in connection
  with the preparation of the Registration Statement or any such amendment thereof
  or supplement thereto; (y) shall not be available to the extent such Claim is
  based on a failure of the Investor to deliver or to cause to be delivered the
  prospectus made available by the Company, if such prospectus was timely made
  available by the Company pursuant to Section 3(c); and (z) shall not apply to
  amounts paid in settlement of any Claim if such settlement is effected without
  the prior written consent of the Company, which consent shall not be unreasonably
  withheld. Such indemnity shall remain in full force and effect regardless of
  any investigation made by or on behalf of the Indemnified Person and shall survive
  the transfer of the Registrable Securities by the Investors pursuant to Section
  9 hereof. 

                              (b)      In
  connection with a Registration Statement, each Investor agrees to severally
  and not jointly indemnify, hold harmless and defend, to the same extent and
  in the same manner as is set forth in Section 6(a), the Company, each of its
  directors, each of its officers, employees, representatives, or agents and each
  Person, if any, who controls the Company within the meaning of the 1933 Act
  or the 1934 Act (each an “Indemnified Party”), against any
  Claim or Indemnified Damages to which any of them may become subject, under
  the 1933 Act, the 1934 Act or otherwise, insofar as such Claim or Indemnified
  Damages arise out of or is based upon any Violation, in each case to the extent,
  and only to the extent, that such Violation occurs in reliance upon and in conformity
  with written information furnished to the Company by such Investor expressly
  for use in connection with such Registration Statement; and, subject to Section
  6(d), such Investor will reimburse any legal or other expenses reasonably incurred
  by them in connection with investigating or defending any such Claim; provided,

8 

however, that the indemnity agreement contained in this Section
  6(b) and the agreement with respect to contribution contained in Section 7 shall
  not apply to amounts paid in settlement of any Claim if such settlement is effected
  without the prior written consent of such Investor, which consent shall not
  be unreasonably withheld; provided, further, however, that the Investor shall
  be liable under this Section 6(b) for only that amount of a Claim or Indemnified
  Damages as does not exceed the net proceeds to such Investor as a result of
  the sale of Registrable Securities pursuant to such Registration Statement.
  Such indemnity shall remain in full force and effect regardless of any investigation
  made by or on behalf of such Indemnified Party and shall survive the transfer
  of the Registrable Securities by the Investors pursuant to Section 9. Notwithstanding
  anything to the contrary contained herein, the indemnification agreement contained
  in this Section 6(b) with respect to any prospectus shall not inure to the benefit
  of any Indemnified Party if the untrue statement or omission of material fact
  contained in the prospectus was corrected and such new prospectus was delivered
  to each Investor prior to such Investor’s use of the prospectus to which
  the Claim relates. 

                              (c)      Promptly
  after receipt by an Indemnified Person or Indemnified Party under this Section
  6 of notice of the commencement of any action or proceeding (including any governmental
  action or proceeding) involving a Claim, such Indemnified Person or Indemnified
  Party shall, if a Claim in respect thereof is to be made against any indemnifying
  party under this Section 6, deliver to the indemnifying party a written notice
  of the commencement thereof, and the indemnifying party shall have the right
  to participate in, and, to the extent the indemnifying party so desires, jointly
  with any other indemnifying party similarly noticed, to assume control of the
  defense thereof with counsel mutually satisfactory to the indemnifying party
  and the Indemnified Person or the Indemnified Party, as the case may be; provided,
  however, that an Indemnified Person or Indemnified Party shall have the right
  to retain its own counsel with the fees and expenses of not more than one (1)
  counsel for such Indemnified Person or Indemnified Party to be paid by the indemnifying
  party, if, in the reasonable opinion of counsel retained by the indemnifying
  party, the representation by such counsel of the Indemnified Person or Indemnified
  Party and the indemnifying party would be inappropriate due to actual or potential
  differing interests between such Indemnified Person or Indemnified Party and
  any other party represented by such counsel in such proceeding. The Indemnified
  Party or Indemnified Person shall cooperate fully with the indemnifying party
  in connection with any negotiation or defense of any such action or claim by
  the indemnifying party and shall furnish to the indemnifying party all information
  reasonably available to the Indemnified Party or Indemnified Person which relates
  to such action or claim. The indemnifying party shall keep the Indemnified Party
  or Indemnified Person fully apprised at all times as to the status of the defense
  or any settlement negotiations with respect thereto. No indemnifying party shall
  be liable for any settlement of any action, claim or proceeding effected without
  its prior written consent; provided, however, that the indemnifying party shall
  not unreasonably withhold, delay or condition its consent. No indemnifying party
  shall, without the prior written consent of the Indemnified Party or Indemnified
  Person, consent to entry of any judgment or enter into any settlement or other
  compromise which does not include as an unconditional term thereof the giving
  by the claimant or plaintiff to such Indemnified Party or Indemnified Person
  of a release from all liability in respect to such claim or litigation. Following
  indemnification as provided for hereunder, the indemnifying party shall be subrogated
  to all rights of the Indemnified Party or Indemnified Person with respect to
  all third parties, firms or corporations relating to the matter for which indemnification
  has been made. The failure to deliver written notice to the indemnifying party

9 

within a reasonable time of the commencement of any such action
  shall not relieve such indemnifying party of any liability to the Indemnified
  Person or Indemnified Party under this Section 6, except to the extent that
  the indemnifying party is prejudiced in its ability to defend such action. 

                              (d)      The
  indemnification required by this Section 6 shall be made by periodic payments
  of the amount thereof during the course of the investigation or defense, as
  and when bills are received or Indemnified Damages are incurred. 

                              (e)      The
  indemnity agreements contained herein shall be in addition to (i) any cause
  of action or similar right of the Indemnified Party or Indemnified Person against
  the indemnifying party or others, and (ii) any liabilities the indemnifying
  party may be subject to pursuant to the law. 

               7.     
  CONTRIBUTION. 

          To
  the extent any indemnification by an indemnifying party is prohibited or limited
  by law, the indemnifying party agrees to make the maximum contribution with
  respect to any amounts for which it would otherwise be liable under Section
  6 to the fullest extent permitted by law; provided, however, that: (i) no seller
  of Registrable Securities guilty of fraudulent misrepresentation (within the
  meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution
  from any seller of Registrable Securities who was not guilty of fraudulent misrepresentation;
  and (ii) contribution by any seller of Registrable Securities shall be limited
  in amount to the net amount of proceeds received by such seller from the sale
  of such Registrable Securities. 

               8.      REPORTS
  UNDER THE 1934 ACT. 

          With
  a view to making available to the Investors the benefits of Rule 144 the Company
  agrees to: 

                              (a)     
  make and keep public information available, as those terms are understood and
  defined in Rule 144; 

                              (b)     
  file with the SEC in a timely manner all reports and other documents required
  of the Company under the 1933 Act and the 1934 Act so long as the Company remains
  subject to such requirements (it being understood that nothing herein shall
  limit the Company’s obligations under Section 4(c) of the Securities Purchase
  Agreement) and the filing of such reports and other documents as are required
  by the applicable provisions of Rule 144; and 

                              (c)      furnish
  to each Investor so long as such Investor owns Registrable Securities, promptly
  upon written request, (i) a written statement by the Company that it has complied
  with the public information requirements of Rule 144, the 1933 Act and the 1934
  Act, (ii) a copy of the most recent annual or quarterly report of the Company
  and such other reports and documents so filed by the Company, and (iii) such
  other information as may be reasonably requested to permit the Investors to
  sell such securities pursuant to Rule 144(b)(1) without registration. 

10 

               9.      AMENDMENT
  OF REGISTRATION RIGHTS. 

          Provisions
  of this Agreement may be amended and the observance thereof may be waived (either
  generally or in a particular instance and either retroactively or prospectively),
  only with the written consent of the Company and Investors who then hold at
  least two-thirds (2/3) of the Registrable Securities. Any amendment or waiver
  effected in accordance with this Section 9 shall be binding upon each Investor
  and the Company. No such amendment shall be effective to the extent that it
  applies to fewer than all of the holders of the Registrable Securities. No consideration
  shall be offered or paid to any Person to amend or consent to a waiver or modification
  of any provision of any of this Agreement unless the same consideration also
  is offered to all of the parties to this Agreement. 

               10.      MISCELLANEOUS.

                              (a)      A
  Person is deemed to be a holder of Registrable Securities whenever such Person
  owns or is deemed to own of record such Registrable Securities. If the Company
  receives conflicting instructions, notices or elections from two (2) or more
  Persons with respect to the same Registrable Securities, the Company shall act
  upon the basis of instructions, notice or election received from the registered
  owner of such Registrable Securities. 

                              (b)      Any
  notices, consents, waivers or other communications required or permitted to
  be given under the terms of this Agreement must be in writing and will be deemed
  to have been delivered: (i) upon receipt, when delivered personally; (ii) upon
  receipt, when sent by facsimile (provided confirmation of transmission is mechanically
  or electronically generated and kept on file by the sending party); or (iii)
  one (1) business day after deposit with a nationally recognized overnight delivery
  service, in each case properly addressed to the party to receive the same. The
  addresses and facsimile numbers for such communications shall be: 

	If to the Company, to: 	MobiVentures, Inc. 
	  	Sunnyside 
	  	Brinkworth 
		Chippenham
	  	Wiltshire 
	  	SN15 5BY 
	  	England 
	  	Attention: Mr. Peter Åhman, President 
	  	Telephone: +358 40 5514177 
	  	Facsimile: +44 8452 991729 
	  	  
	With a copy to: 	Lang Michener LLP 
	  	Royal Centre, 1055 West Georgia Stree, Suite 1500
    
		PO Box 11117

11 

Vancouver, VC Canada V6E 4N7 

  Attention: Michael H. Taylor 

  Telephone: 604-691-7410 

  Facsimile: 604-893-2669 

If to an Investor, to its address and facsimile number on the
  Schedule of Investors attached hereto, with copies to such Investor’s representatives
  as set forth on the Schedule of Investors or to such other address and/or facsimile
  number and/or to the attention of such other person as the recipient party has
  specified by written notice given to each other party five (5) days prior to
  the effectiveness of such change. Written confirmation of receipt (A) given
  by the recipient of such notice, consent, waiver or other communication, (B)
  mechanically or electronically generated by the sender’s facsimile machine
  containing the time, date, recipient facsimile number and an image of the first
  page of such transmission or (C) provided by a courier or overnight courier
  service shall be rebuttable evidence of personal service, receipt by facsimile
  or receipt from a nationally recognized overnight delivery service in accordance
  with clause (i), (ii) or (iii) above, respectively. 

                              (c)      Failure
  of any party to exercise any right or remedy under this Agreement or otherwise,
  or delay by a party in exercising such right or remedy, shall not operate as
  a waiver thereof. 

                              (d)      The
  laws of the State of Florida shall govern all issues concerning the relative
  rights of the Company and the Investors as its stockholders. All other questions
  concerning the construction, validity, enforcement and interpretation of this
  Agreement shall be governed by the internal laws of the State of Florida without
  giving effect to any choice of law or conflict of law provision or rule (whether
  of the State of Florida or any other jurisdiction) that would cause the application
  of the laws of any jurisdiction other than the State of Florida Each party hereby
  irrevocably submits to the non-exclusive jurisdiction of the State Courts of
  the State of Florida sitting in Broward County, Florida and federal courts for
  the Southern District of Florida for the adjudication of any dispute hereunder
  or in connection herewith or with any transaction contemplated hereby or discussed
  herein, and hereby irrevocably waives, and agrees not to assert in any suit,
  action or proceeding, any claim that it is not personally subject to the jurisdiction
  of any such court, that such suit, action or proceeding is brought in an inconvenient
  forum or that the venue of such suit, action or proceeding is improper. Each
  party hereby irrevocably waives personal service of process and consents to
  process being served in any such suit, action or proceeding by mailing a copy
  thereof to such party at the address for such notices to it under this Agreement
  and agrees that such service shall constitute good and sufficient service of
  process and notice thereof. Nothing contained herein shall be deemed to limit
  in any way any right to serve process in any manner permitted by law. If any
  provision of this Agreement shall be invalid or unenforceable in any jurisdiction,
  such invalidity or unenforceability shall not affect the validity or enforceability
  of the remainder of this Agreement in that jurisdiction or the validity or enforceability
  of any provision of this Agreement in any other jurisdiction. EACH PARTY HEREBY
  IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY
  TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH
  OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. 

12 

                              (e)      This
  Agreement, the Irrevocable Transfer Agent Instructions, the Securities Purchase
  Agreement and related documents including the Convertible Debenture and the
  Escrow Agreement dated the date hereof by and among the Company, the Investors
  set forth on the Schedule of Investors attached hereto, and James G. Dodrill
  II, P.A. (the “Escrow Agreement”) and the Security Agreement
  dated the date hereof (the “Security Agreement”) constitute
  the entire agreement among the parties hereto with respect to the subject matter
  hereof and thereof. There are no restrictions, promises, warranties or undertakings,
  other than those set forth or referred to herein and therein. This Agreement,
  the Irrevocable Transfer Agent Instructions, the Securities Purchase Agreement
  and related documents including the Convertible Debenture, the Escrow Agreement
  and the Security Agreement supersede all prior agreements and understandings
  among the parties hereto with respect to the subject matter hereof and thereof.

                              (f)      This
  Agreement shall inure to the benefit of and be binding upon the permitted successors
  and assigns of each of the parties hereto. 

                              (g)      The
  headings in this Agreement are for convenience of reference only and shall not
  limit or otherwise affect the meaning hereof. 

                              (h)      This
  Agreement may be executed in identical counterparts, each of which shall be
  deemed an original but all of which shall constitute one and the same agreement.
  This Agreement, once executed by a party, may be delivered to the other party
  hereto by facsimile transmission of a copy of this Agreement bearing the signature
  of the party so delivering this Agreement. 

                              (i)      Each
  party shall do and perform, or cause to be done and performed, all such further
  acts and things, and shall execute and deliver all such other agreements, certificates,
  instruments and documents, as the other party may reasonably request in order
  to carry out the intent and accomplish the purposes of this Agreement and the
  consummation of the transactions contemplated hereby. 

The language used in this Agreement will be deemed to be the
  language chosen by the parties to express their mutual intent and no rules of
  strict construction will be applied against any party. 

                              (j)      This
  Agreement is intended for the benefit of the parties hereto and their respective
  permitted successors and assigns, and is not for the benefit of, nor may any
  provision hereof be enforced by, any other Person. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

13 

          IN
  WITNESS WHEREOF, the parties have caused this Registration Rights Agreement
  to be duly executed as of day and year first above written. 

COMPANY: 

  MOBIVENTURES, INC. 

By: /s/ Peter Åhman  

  Name:  Peter Åhman 

  Title:    President 

 

BUYER: 

  TRAFALGAR CAPITAL SPECIALIZED 

  INVESTMENT FUND, LUXEMBOURG 

  By:      Trafalgar Capital Sarl 

  Its:      General Partner 

By: ____________________________________

  Name:  Andrew Garai 

  Title:    Chairman of the Board 

14 

SCHEDULE I 

SCHEDULE OF INVESTORS

	  	 	 	 	Address/Facsimile 
	Name 	 	Signature 	 	Number of Buyer 
	  	 	 	 	8-10 Rue Mathias Hardt 
	Trafalgar Capital Specialized 	 	By: Trafalgar Capital Sarl 	 	BP 3023 
	Investment Fund, Luxembourg 	 	Its: General Partner 	 	L-1030 Luxembourg 
	  	 	 	 	Facsimile: 
	  	 	 	 	011-44-207-405-0161 
	  	 	By: ________________________________	 	and 
	  	 	Name: Andrew Garai 	 	001-786-323-1651 
	  	 	Its: Chairman of the Board 	 	  

SCHEDULE I-1

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