Document:

EXECUTION COPY

                                                                    EXHIBIT 10.4
                                                                    ------------

                               SECURITY AGREEMENT

         THIS SECURITY AGREEMENT (the "Agreement"), is entered into and made
effective as of January 6, 2006, by and between Thomas Pharmaceuticals, Inc., a
New Jersey Corporation, with its principal office at 750 Route 34, Matawan, NJ,
07747 (the "Company"), and iVoice, Inc., a New Jersey corporation, with its
principal office at 750 Route 34, Matawan, NJ, 07747 (the "Secured Party").

         WHEREAS, the Company was formed by the merger (the "Merger") of Thomas
Pharmaceuticals Ltd., a New York corporation ("TPL") with and into Thomas
Pharmaceuticals, Ltd. (f/k/a iVoice Acquisition Corp.), a New Jersey corporation
("iVoice Acquisition") pursuant to that certain Agreement and Plan of Merger,
dated January 6, 2006 among iVoice Acquisition, the Company, the Secured Party,
TPL and certain shareholders named therein (the "Merger Agreement"); Terms used
but not defined herein shall have the meaning ascribed to them in the Merger
Agreement;

         WHEREAS, immediately prior to the Merger, the iVoice Acquisition (i)
sold and issued to the Secured Party, and the Secured Party purchased and
accepted a Convertible Debenture of iVoice Acquisition in a principal amount of
Three Hundred Sixty Thousand Dollars ($360,000) (the "Debenture") at par and
(ii) issued to the Secured Party, as payment for services to be rendered by the
Secured Payment pursuant to that certain Administrative Services Agreement (the
"Administrative Services Agreement") by and between iVoice Acquisition and the
Secured Party, and the Secured Party accepted, a Convertible Debenture of iVoice
Acquisition in a principal amount of One Hundred Thousand Dollars ($100,000)
(the "Administrative Services Debenture") at par;

         WHEREAS, upon the effectiveness of the Merger, the Debenture and
Administrative Services Debenture became obligations of the Company;

         WHEREAS, pursuant to the terms of the Merger Agreement, the Secured
Party will purchase certain other debt securities from the Company in the
future;

         WHEREAS, to induce the Secured Party to purchase the Debenture, enter
into the Administrative Services Agreement and fulfill its obligations to
purchase additional debt securities of the Company and to enter into the Merger
Agreement, Secured Party, TPL and iVoice Acquisition agreed that immediately
upon consummation of the Merger, the Company would grant to the Secured Party a
security interest in and to the pledged property identified on Exhibit "A"
hereto until the satisfaction of the Obligations, as defined herein below; and

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants herein contained, and for other good and valuable consideration, the
adequacy and receipt of which are hereby acknowledged, the parties hereto hereby
agree as follows:
<PAGE>
                                   ARTICLE 1.

                         DEFINITIONS AND INTERPRETATIONS
                         -------------------------------

         Section 1.1.      Recitals.

         The above recitals are true and correct and are incorporated herein, in
their entirety, by this reference.

         Section 1.2.      Interpretations.

         Nothing herein expressed or implied is intended or shall be construed
to confer upon any person other than the Secured Party any right, remedy or
claim under or by reason hereof.

         Section 1.3.      Obligations Secured.

         The obligations secured hereby are any and all obligations of the
Company now existing or hereinafter incurred to the Secured Party, whether oral
or written and whether arising before, on or after the date hereof including,
without limitation, those obligations of the Company to the Secured Party under
the Debenture, the Administrative Services Debenture, and any other amounts now
or hereafter owed to the Secured Party by the Company thereunder or hereunder
(collectively, the "Obligations"). Notwithstanding the foregoing, any
obligations of the Company incurred to the Secured Party pursuant to the
issuance to the Secured Party of Series B Convertible Preferred Stock of the
Company (as defined in the Company's Certificate of Designation) or any rights
pertaining thereto shall not be an Obligation for the purposes of this
Agreement.

                                   ARTICLE 2.

                 PLEDGED PROPERTY, ADMINISTRATION OF COLLATERAL
                 ----------------------------------------------
                      AND TERMINATION OF SECURITY INTEREST
                      ------------------------------------

         Section 2.1.      Pledged Property.

                  (a) Company hereby pledges to the Secured Party, and creates
in the Secured Party for its benefit, a security interest in and to all of the
property of the Company as set forth in Exhibit A attached hereto and the
products thereof and the proceeds of all such items (collectively, the "Pledged
Property") for such time until the Obligations are paid in full.

                  (b) Simultaneously with the execution and delivery of this
Agreement, the Company shall make, execute, acknowledge, file, record and
deliver to the Secured Party any documents reasonably requested by the Secured
Party to perfect its security interest in the Pledged Property. Simultaneously
with the execution and delivery of this Agreement, the Company shall make,
execute, acknowledge and deliver to the Secured Party such documents and
instruments, including, without limitation, financing statements, certificates,
affidavits and forms as may, in the Secured Party's reasonable judgment, be
necessary to effectuate, complete or perfect, or to continue and preserve, the
security interest of the Secured Party in the Pledged Property, and the Secured
Party shall hold such documents and instruments as secured party, subject to the
terms and conditions contained herein.

                                        2
<PAGE>
         Section 2.2.      Rights; Interests; Etc.

                  (a) So long as no Event of Default (as hereinafter defined)
shall have occurred and be continuing:

                      (i)  the Company shall be entitled to exercise any and all
rights pertaining to the Pledged Property or any part thereof for any purpose
not inconsistent with the terms hereof; and

                      (ii) the Company shall be entitled to receive and retain
any and all payments paid or made in respect of the Pledged Property.

                  (b) Upon the occurrence and during the continuance of an Event
of Default:

                      (i) All rights of the Company to exercise the rights which
it would otherwise be entitled to exercise pursuant to Section 2.2(a)(i) hereof
and to receive payments which it would otherwise be authorized to receive and
retain pursuant to Section 2.2(a)(ii) hereof shall be suspended, and all such
rights shall thereupon become vested in the Secured Party who shall thereupon
have the sole right to exercise such rights and to receive and hold as Pledged
Property such payments; PROVIDED, HOWEVER, that if the Secured Party shall
become entitled and shall elect to exercise its right to realize on the Pledged
Property pursuant to Article 5 hereof, then all cash sums received by the
Secured Party, or held by Company for the benefit of the Secured Party and paid
over pursuant to Section 2.2(b)(ii) hereof, shall be applied against any
outstanding Obligations;

                      (ii) All interest, dividends, income and other payments
and distributions which are received by the Company contrary to the provisions
of Section 2.2(b)(i) hereof shall be received in trust for the benefit of the
Secured Party, shall be segregated from other property of the Company and shall
be forthwith paid over to the Secured Party; and

                      (iii) The Secured Party in its sole discretion shall be
authorized to sell any or all of the Pledged Property at public or private sale
in order to recoup all of the outstanding principal plus accrued interest owed
pursuant to the Debenture as described herein

                  (c) Each of the following events shall constitute a default
under this Agreement (each an "Event of Default"):

                      (i) any default, whether in whole or in part, shall occur
in the payment to the Secured Party of principal, interest or other item
comprising the Obligations as and when due or with respect to any other debt or
obligation of the Company to a party other than the Secured Party;

                      (ii) any default, whether in whole or in part, shall occur
in the due observance or performance of any obligations or other covenants,
terms or provisions to be performed under the Transaction Documents (as defined
in the Merger Agreement);

                                        3
<PAGE>
                      (iii) the Company shall: (1) make a general assignment for
the benefit of its creditors; (2) apply for or consent to the appointment of a
receiver, trustee, assignee, custodian, sequestrator, liquidator or similar
official for itself or any of its assets and properties; (3) commence a
voluntary case for relief as a debtor under the United States Bankruptcy Code;
(4) file with or otherwise submit to any governmental authority any petition,
answer or other document seeking: (A) reorganization, (B) an arrangement with
creditors or (C) to take advantage of any other present or future applicable law
respecting bankruptcy, reorganization, insolvency, readjustment of debts, relief
of debtors, dissolution or liquidation; (5) file or otherwise submit any answer
or other document admitting or failing to contest the material allegations of a
petition or other document filed or otherwise submitted against it in any
proceeding under any such applicable law; or (6) be adjudicated a bankrupt or
insolvent by a court of competent jurisdiction; or

                      (iv) any case, proceeding or other action shall be
commenced against the Company for the purpose of effecting, or an order,
judgment or decree shall be entered by any court of competent jurisdiction
approving (in whole or in part) anything specified in Section 2.2(c)(iii)
hereof, or any receiver, trustee, assignee, custodian, sequestrator, liquidator
or other official shall be appointed with respect to the Company, or shall be
appointed to take or shall otherwise acquire possession or control of all or a
substantial part of the assets and properties of the Company, and any of the
foregoing shall continue unstayed and in effect for any period of thirty (30)
days.

                                   ARTICLE 3.

                          ATTORNEY-IN-FACT; PERFORMANCE
                          -----------------------------

         Section 3.1.      Secured Party Appointed Attorney-In-Fact.

         Upon the occurrence of an Event of Default, the Company hereby appoints
the Secured Party as its attorney-in-fact, with full authority in the place and
stead of the Company and in the name of the Company or otherwise, from time to
time in the Secured Party's discretion to take any action and to execute any
instrument which the Secured Party may reasonably deem necessary to accomplish
the purposes of this Agreement, including, without limitation, to receive and
collect all instruments made payable to the Company representing any payments in
respect of the Pledged Property or any part thereof and to give full discharge
for the same. The Secured Party may demand, collect, acknowledge, receipt for,
settle, compromise, adjust, sue for, foreclose, or realize on the Pledged
Property as and when the Secured Party may determine. To facilitate collection,
upon the occurrence of an Event of Default, the Secured Party may notify account
debtors and obligors on any Pledged Property to make payments directly to the
Secured Party.

         Section 3.2.      Secured Party May Perform.

         If the Company fails to perform any agreement contained herein, the
Secured Party, at its option, may itself perform, or cause performance of, such
agreement, and the expenses of the Secured Party incurred in connection
therewith shall be included in the Obligations secured hereby.

                                        4
<PAGE>
                                   ARTICLE 4.

                         REPRESENTATIONS AND WARRANTIES
                         ------------------------------

         Section 4.1.      Authorization; Enforceability.

         Each of the parties hereto represents and warrants that it has taken
all action necessary to authorize the execution, delivery and performance of
this Agreement and the transactions contemplated hereby; and upon execution and
delivery, this Agreement shall constitute a valid and binding obligation of the
respective party, subject to applicable bankruptcy, insolvency, reorganization,
moratorium and similar laws affecting creditors' rights or by the principles
governing the availability of equitable remedies.

         Section 4.2.      Ownership of Pledged Property.

         The Company warrants and represents that it is the legal and beneficial
owner of the Pledged Property, subject to the liens and security interests
created by (a) that certain Security Agreement by and between iVoice Acquisition
Corp. and Cornell Capital Partners, L.P. and (b) the security interest created
by this Agreement.

                                   ARTICLE 5.

                    DEFAULT; REMEDIES; SUBSTITUTE COLLATERAL
                    ----------------------------------------

         Section 5.1.      Default and Remedies.

                  (a) If an Event of Default described in Section 2.2(c)(i) and
(ii) occurs, then in each such case the Secured Party may declare the
Obligations to be due and payable immediately, by a notice in writing to the
Company, and upon any such declaration, the Obligations shall become immediately
due and payable. If an Event of Default described in Sections 2.2(c)(iii) or
(iv) occurs and is continuing for the period set forth therein, then the
Obligations shall automatically become immediately due and payable without
declaration or other act on the part of the Secured Party.

                  (b) Upon the occurrence of an Event of Default, the Secured
Party shall: (i) be entitled to receive all distributions with respect to the
Pledged Property, (ii) to cause the Pledged Property to be transferred into the
name of the Secured Party or its nominee, (iii) to dispose of the Pledged
Property, and (iv) to realize upon any and all rights in the Pledged Property
then held by the Secured Party.

         Section 5.2.      Method of Realizing Upon the Pledged Property:
Other Remedies.

         Upon the occurrence of an Event of Default, in addition to any rights
and remedies available at law or in equity, the following provisions shall
govern the Secured Party's right to realize upon the Pledged Property:

                  (a) Any item of the Pledged Property may be sold for cash or
other value in any number of lots at brokers board, public auction or private
sale and may be sold without demand, advertisement or notice (except that the
Secured Party shall give the Company

                                        5
<PAGE>
ten (10) days' prior written notice of the time and place or of the time after
which a private sale may be made (the "Sale Notice")), which notice period is
hereby agreed to be commercially reasonable. At any sale or sales of the Pledged
Property, the Company may bid for and purchase the whole or any part of the
Pledged Property and, upon compliance with the terms of such sale, may hold,
exploit and dispose of the same without further accountability to the Secured
Party. The Company will execute and deliver, or cause to be executed and
delivered, such instruments, documents, assignments, waivers, certificates, and
affidavits and supply or cause to be supplied such further information and take
such further action as the Secured Party reasonably shall require in connection
with any such sale.

                  (b) Any cash being held by the Secured Party as Pledged
Property and all cash proceeds received by the Secured Party in respect of, sale
of, collection from, or other realization upon all or any part of the Pledged
Property shall be applied as follows:

                      (i)  first, to the payment of all amounts due the Secured
Party for the expenses reimbursable to it hereunder or owed to it pursuant to
Section 8.3 hereof;

                      (ii) second, to the payment of the Obligations then due
and unpaid; and

                      (iii) the balance, if any, to the person or persons
entitled thereto, including, without limitation, the Company.

                  (c) In addition to all of the rights and remedies which the
Secured Party may have pursuant to this Agreement, the Secured Party shall have
all of the rights and remedies provided by law, including, without limitation,
those under the Uniform Commercial Code.

                      (i)  If the Company fails to pay such amounts due upon the
occurrence of an Event of Default which is continuing, then the Secured Party
may institute a judicial proceeding for the collection of the sums so due and
unpaid, may prosecute such proceeding to judgment or final decree and may
enforce the same against the Company and collect the monies adjudged or decreed
to be payable in the manner provided by law out of the property of Company,
wherever situated.

                      (ii) The Company agrees that it shall be liable for any
reasonable fees, expenses and costs incurred by the Secured Party in connection
with enforcement, collection and preservation of the Transaction Documents,
including, without limitation, reasonable legal fees and expenses, and such
amounts shall be deemed included as Obligations secured hereby and payable as
set forth in Section 8.3 hereof.

         Section 5.3.      Proofs of Claim.

                  In case of the pendency of any receivership, insolvency,
liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relating to the Company or the property of the Company
or of such other obligor or its creditors, the Secured Party (irrespective of
whether the Obligations shall then be due and payable as therein expressed or by
declaration or otherwise and irrespective of whether the Secured Party shall
have made any demand on the Company for the payment of the Obligations) shall be
entitled and empowered, by intervention in such proceeding or otherwise:

                                       6
<PAGE>
                      (i) to file and prove a claim for the whole amount of the
Obligations and to file such other papers or documents as may be necessary or
advisable in order to have the claims of the Secured Party (including any claim
for the reasonable legal fees and expenses and other expenses paid or incurred
by the Secured Party permitted hereunder and of the Secured Party allowed in
such judicial proceeding), and

                      (ii) to collect and receive any monies or other property
payable or deliverable on any such claims and to distribute the same; and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other
similar official in any such judicial proceeding is hereby authorized by the
Secured Party to make such payments to the Secured Party and, in the event that
the Secured Party shall consent to the making of such payments directed to the
Secured Party, to pay to the Secured Party any amounts for expenses due it
hereunder.

         Section 5.4.      Duties Regarding Pledged Property.

         The Secured Party shall have no duty as to the collection or protection
of the Pledged Property or any income thereon or as to the preservation of any
rights pertaining thereto, beyond the safe custody and reasonable care of any of
the Pledged Property actually in the Secured Party's possession.

                                   ARTICLE 6.

                              AFFIRMATIVE COVENANTS
                              ---------------------

         The Company covenants and agrees that, from the date hereof and until
the Obligations have been fully paid and satisfied, unless the Secured Party
shall consent otherwise in writing (as provided in Section 8.4 hereof):

         Section 6.1.      Existence, Properties, Etc.

                  (a) The Company shall do, or cause to be done, all things, or
proceed with due diligence with any actions or courses of action, that may be
reasonably necessary (i) to maintain Company's due organization, valid existence
and good standing under the laws of its state of incorporation, and (ii) to
preserve and keep in full force and effect all qualifications, licenses and
registrations in those jurisdictions in which the failure to do so could have a
Material Adverse Effect (as defined below); and (b) the Company shall not do, or
cause to be done, any act impairing the Company's corporate power or authority
(i) to carry on the Company's business as now conducted, and (ii) to execute or
deliver this Agreement or any other document delivered in connection herewith,
including, without limitation, any UCC-1 Financing Statements required by the
Secured Party to which it is or will be a party, or perform any of its
obligations hereunder or thereunder. For purpose of this Agreement, the term
"Material Adverse Effect" shall mean any material and adverse effect as
determined by Secured Party in its sole good-faith discretion, whether
individually or in the aggregate, upon (a) the Company's assets, business,
operations, properties or condition, financial or otherwise; (b) the Company's
ability to make payment as and when due of all or any part of the Obligations;
or (c) the Pledged Property.

                                        7
<PAGE>
         Section 6.2.      Financial Statements and Reports.

         The Company shall furnish to the Secured Party such financial data as
the Secured Party may reasonably request. Without limiting the foregoing, the
Company shall furnish to the Secured Party (or cause to be furnished to the
Secured Party) the following:

                  (a) as soon as practicable and in any event within ninety (90)
days after the end of each fiscal year of the Company, the balance sheet of the
Company as of the close of such fiscal year, the statement of earnings and
retained earnings of the Company as of the close of such fiscal year, and
statement of cash flows for the Company for such fiscal year, all in reasonable
detail, prepared in accordance with generally accepted accounting principles
consistently applied, certified by the chief executive and chief financial
officers of the Company as being true and correct and accompanied by a
certificate of the chief executive and chief financial officers of the Company,
stating that the Company has kept, observed, performed and fulfilled each
covenant, term and condition of this Agreement during such fiscal year and that
no Event of Default hereunder has occurred and is continuing, or if an Event of
Default has occurred and is continuing, specifying the nature of same, the
period of existence of same and the action the Company proposes to take in
connection therewith;

                  (b) within thirty (30) days of the end of each calendar month,
a balance sheet of the Company as of the close of such month, and statement of
earnings and retained earnings of the Company as of the close of such month, all
in reasonable detail, and prepared substantially in accordance with generally
accepted accounting principles consistently applied, certified by the chief
executive and chief financial officers of the Company as being true and correct;
and

                  (c) promptly upon receipt thereof, copies of all accountants'
reports and accompanying financial reports submitted to the Company by
independent accountants in connection with each annual examination of the
Company.

         Section 6.3.      Accounts and Reports.

         The Company shall maintain a standard system of accounting in
accordance with generally accepted accounting principles consistently applied
and provide, at its sole expense, to the Secured Party the following:

                  (a) as soon as available, a copy of any notice or other
communication alleging any nonpayment or other material breach or default, or
any foreclosure or other action respecting any material portion of its assets
and properties, received respecting any of the indebtedness of the Company in
excess of $15,000 (other than the Obligations), or any demand or other request
for payment under any guaranty, assumption, purchase agreement or similar
agreement or arrangement respecting the indebtedness or obligations of others in
excess of $15,000, including any received from any person acting on behalf of
the Secured Party or beneficiary thereof; and

                  (b) within fifteen (15) days after the making of each
submission or filing, a copy of any report, financial statement, notice or other
document, whether periodic or otherwise, submitted to the shareholders of the
Company, or submitted to or filed by the Company with any governmental authority
involving or affecting (i) the Company that could have a Material

                                        8
<PAGE>
Adverse Effect; (ii) the Obligations; (iii) any part of the Pledged Property; or
(iv) any of the transactions contemplated in this Agreement or any other
Transaction Document.

         Section 6.4.      Maintenance of Books and Records; Inspection.

         The Company shall maintain its books, accounts and records in
accordance with generally accepted accounting principles consistently applied,
and permit the Secured Party, its officers and employees and any professionals
designated by the Secured Party in writing, at any time to visit and inspect any
of its properties (including but not limited to the collateral security
described in the Transaction Documents), corporate books and financial records,
and to discuss its accounts, affairs and finances with any employee, officer or
director thereof.

         Section 6.5.      Maintenance and Insurance.

                  (a) The Company shall maintain or cause to be maintained, at
its own expense, all of its assets and properties in good working order and
condition, making all necessary repairs thereto and renewals and replacements
thereof.

                  (b) The Company shall maintain or cause to be maintained, at
its own expense, insurance in form, substance and amounts (including
deductibles), which the Company deems reasonably necessary to the Company's
business, (i) adequate to insure all assets and properties of the Company, which
assets and properties are of a character usually insured by persons engaged in
the same or similar business against loss or damage resulting from fire or other
risks included in an extended coverage policy; (ii) against public liability and
other tort claims that may be incurred by the Company; (iii) as may be required
by the Transaction Documents and/or applicable law and (iv) as may be reasonably
requested by Secured Party, all with adequate, financially sound and reputable
insurers.

         Section 6.6.      Contracts and Other Collateral.

         The Company shall perform all of its material obligations under or with
respect to each instrument, receivable, contract and other intangible included
in the Pledged Property to which the Company is now or hereafter will be party
on a timely basis and in the manner therein required, including, without
limitation, this Agreement.

         Section 6.7.      Defense of Collateral, Etc.

         The Company shall defend and enforce its right, title and interest in
and to any part of: (a) the Pledged Property; and (b) if not included within the
Pledged Property, those assets and properties whose loss could have a Material
Adverse Effect, the Company shall defend the Secured Party's right, title and
interest in and to each and every part of the Pledged Property, each against all
manner of claims and demands on a timely basis to the full extent permitted by
applicable law.

         Section 6.8.      Payment of Debts, Taxes, Etc.

         The Company shall pay, or cause to be paid, all of its indebtedness and
other liabilities and perform, or cause to be performed, all of its obligations
in accordance with the respective

                                        9
<PAGE>
terms thereof, and pay and discharge, or cause to be paid or discharged, all
taxes, assessments and other governmental charges and levies imposed upon it,
upon any of its assets and properties on or before the last day on which the
same may be paid without penalty, as well as pay all other lawful claims
(whether for services, labor, materials, supplies or otherwise) as and when due

         Section 6.9.      Taxes and Assessments; Tax Indemnity.

         The Company shall (a) file all tax returns and appropriate schedules
thereto that are required to be filed under applicable law, prior to the date of
delinquency, (b) pay and discharge all taxes, assessments and governmental
charges or levies imposed upon the Company, upon its income and profits or upon
any properties belonging to it, prior to the date on which penalties attach
thereto, and (c) pay all taxes, assessments and governmental charges or levies
that, if unpaid, might become a lien or charge upon any of its properties;
PROVIDED, HOWEVER, that the Company in good faith may contest any such tax,
assessment, governmental charge or levy described in the foregoing clauses (b)
and (c) so long as appropriate reserves are maintained with respect thereto.

         Section 6.10.     Compliance with Law and Other Agreements.

         The Company shall maintain its business operations and property owned
or used in connection therewith in compliance with (a) all applicable federal,
state and local laws, regulations and ordinances governing such business
operations and the use and ownership of such property, and (b) all agreements,
licenses, franchises, indentures and mortgages to which the Company is a party
or by which the Company or any of its properties is bound. Without limiting the
foregoing, the Company shall pay all of its indebtedness promptly in accordance
with the terms thereof.

         Section 6.11.     Notice of Default.

         The Company shall give written notice to the Secured Party of the
occurrence of any default or Event of Default under this Agreement or any other
Transaction Document or any other agreement of Company for the payment of money,
promptly upon the occurrence thereof.

         Section 6.12.     Notice of Litigation.

         The Company shall give notice, in writing, to the Secured Party of (a)
any actions, suits or proceedings wherein the amount at issue is in excess of
$50,000, instituted by any persons against the Company, or affecting any of the
assets of the Company, and (b) any dispute, not resolved within fifteen (15)
days of the commencement thereof, between the Company on the one hand and any
governmental or regulatory body on the other hand, which might reasonably be
expected to have a Material Adverse Effect on the business operations or
financial condition of the Company.

                                       10
<PAGE>
                                   ARTICLE 7.

                               NEGATIVE COVENANTS
                               ------------------

         The Company covenants and agrees that, from the date hereof until the
Obligations have been fully paid and satisfied, the Company shall not, unless
the Secured Party shall consent otherwise in writing:

         Section 7.1.      Indebtedness.

         The Company shall not directly or indirectly permit, create, incur,
assume, permit to exist, increase, renew or extend on or after the date hereof
any indebtedness on its part, including commitments, contingencies and credit
availabilities, or apply for or offer or agree to do any of the foregoing,
except in the ordinary course of business.

         Section 7.2.      Liens and Encumbrances.

         Except in the ordinary course of business, the Company shall not
directly or indirectly make, create, incur, assume or permit to exist any
assignment, transfer, pledge, mortgage, security interest or other lien or
encumbrance of any nature in, to or against any part of the Pledged Property or
of the Company's capital stock, or offer or agree to do so, or own or acquire or
agree to acquire any asset or property of any character subject to any of the
foregoing encumbrances (including any conditional sale contract or other title
retention agreement), or assign, pledge or in any way transfer or encumber its
right to receive any income or other distribution or proceeds from any part of
the Pledged Property or the Company's capital stock; or enter into any
sale-leaseback financing respecting any part of the Pledged Property as lessee,
or cause or assist the inception or continuation of any of the foregoing.

         Section 7.3.      Dividends, Etc.

         The Company shall not declare or pay any dividend of any kind, in cash
or in property, on any class of its capital stock, nor purchase, redeem, retire
or otherwise acquire for value any shares of such stock, nor make any
distribution of any kind in respect thereof, nor make any return of capital to
shareholders, nor make any payments in respect of any pension, profit sharing,
retirement, stock option, stock bonus, incentive compensation or similar plan
(except as required or permitted hereunder), without the prior written consent
of the Secured Party.

         Section 7.4.      Guaranties; Loans.

         The Company shall not guarantee nor be liable in any manner, whether
directly or indirectly, or become contingently liable after the date of this
Agreement in connection with the obligations or indebtedness of any person or
persons, except for (i) the indebtedness currently secured by the liens
identified on the Pledged Property identified on Exhibit A hereto and (ii) the
endorsement of negotiable instruments payable to the Company for deposit or
collection in the ordinary course of business. The Company shall not make any
loan, advance or extension of credit to any person other than in the normal
course of its business.

                                       11
<PAGE>
         Section 7.5.      Debt.

         The Company shall not create, incur, assume or suffer to exist any
additional indebtedness of any description whatsoever in an aggregate amount in
excess of $25,000 (excluding any indebtedness of the Company to the Secured
Party, trade accounts payable and accrued expenses incurred in the ordinary
course of business and the endorsement of negotiable instruments payable to the
Company, respectively for deposit or collection in the ordinary course of
business).

         Section 7.6.      Conduct of Business.

         The Company will continue to engage, in an efficient and economical
manner, in a business of the same general type as conducted by it on the date of
this Agreement.

         Section 7.7.      Places of Business.

         The location of the Company's chief place of business is 750 Route 34,
Matawan, NJ, 07747. The Company shall not change the location of its chief place
of business, chief executive office or any place of business disclosed to the
Secured Party or move any of the Pledged Property from its current location
without thirty (30) days' prior written notice to the Secured Party in each
instance.

                                   ARTICLE 8.

                                  MISCELLANEOUS
                                  -------------

         Section 8.1.      Notices.

         All notices or other communications required or permitted to be given
pursuant to this Agreement shall be in writing and shall be considered as duly
given on: (a) the date of delivery, if delivered in person against written
receipt therefor, or by nationally recognized overnight delivery service or (b)
five (5) days after mailing if mailed from within the continental United States
by postage pre-paid certified mail, return receipt requested to the party
entitled to receive the same:

         If to the Secured Party: iVoice, Inc.
                                  750 Route 34
                                  Matawan,  NJ  07747
                                  Attention:        Jerome Mahoney
                                  Telephone: 732-441-7700
                                  Facsimile:  732-441-9895

         With a copy to:          Kramer Levin Naftalis & Frankel LLP
                                  1177 Avenue of the Americas
                                  New York, New York 10036
                                  Telephone:        212-715-9100
                                  Facsimile:        212-715-8000
                                  Attn: Scott Rosenblum

                                       12
<PAGE>
         And if to the Company:   Thomas Pharmaceuticals, Inc.
                                  750 Highway 34
                                  Matawan, NJ 07747
                                  Attention:        Jerome Mahoney
                                  Telephone: 732-441-7700
                                  Facsimile:  732-441-9895

         Any party may change its address by giving notice to the other party
stating its new address. Commencing on the tenth (10th) day after the giving of
such notice, such newly designated address shall be such party's address for the
purpose of all notices or other communications required or permitted to be given
pursuant to this Agreement.

         Section 8.2.      Severability.

         If any provision of this Agreement shall be held invalid or
unenforceable, such invalidity or unenforceability shall attach only to such
provision and shall not in any manner affect or render invalid or unenforceable
any other severable provision of this Agreement, and this Agreement shall be
carried out as if any such invalid or unenforceable provision were not contained
herein.

         Section 8.3.      Expenses.

         In the event of an Event of Default, the Company will pay to the
Secured Party the amount of any and all reasonable expenses, including the
reasonable fees and expenses of its counsel, which the Secured Party may incur
in connection with: (i) the custody or preservation of, or the sale, collection
from, or other realization upon, any of the Pledged Property; (ii) the exercise
or enforcement of any of the rights of the Secured Party hereunder or (iii) the
failure by the Company to perform or observe any of the provisions hereof.

         Section 8.4.      Waivers, Amendments, Etc.

         The Secured Party's delay or failure at any time or times hereafter to
require strict performance by Company of any undertakings, agreements or
covenants shall not waiver, affect, or diminish any right of the Secured Party
under this Agreement to demand strict compliance and performance herewith. Any
waiver by the Secured Party of any Event of Default shall not waive or affect
any other Event of Default, whether such Event of Default is prior or subsequent
thereto and whether of the same or a different type. None of the undertakings,
agreements and covenants of the Company contained in this Agreement, and no
Event of Default, shall be deemed to have been waived by the Secured Party, nor
may this Agreement be amended, changed or modified, unless such waiver,
amendment, change or modification is evidenced by an instrument in writing
specifying such waiver, amendment, change or modification and signed by the
Secured Party.

                                       13
<PAGE>
         Section 8.5.      Continuing Security Interest.

         This Agreement shall create a continuing security interest in the
Pledged Property and shall: (i) remain in full force and effect until payment in
full of the Obligations; and (ii) be binding upon the Company and its successors
and heirs and (iii) inure to the benefit of the Secured Party and its successors
and assigns. Upon the payment or satisfaction in full of the Obligations, the
Company shall be entitled to the return, at its expense, of such of the Pledged
Property as shall not have been sold in accordance with Section 5.2 hereof or
otherwise applied pursuant to the terms hereof and the Secured Party shall
release the Pledged Property and execute such documents as the Company may, in
its sole reasonable discretion, request to evidence such release and/ or
termination of the Security Interests.

         Section 8.6.      Independent Representation.

         Each party hereto acknowledges and agrees that it has received or has
had the opportunity to receive independent legal counsel of its own choice and
that it has been sufficiently apprised of its rights and responsibilities with
regard to the substance of this Agreement.

         Section 8.7.      Applicable Law:  Jurisdiction.

         This Agreement shall be governed by and interpreted in accordance with
the laws of the State of New Jersey without regard to the principles of conflict
of laws. The parties further agree that any action between them shall be heard
in Hudson County, New Jersey, and expressly consent to the jurisdiction and
venue of the Superior Court of New Jersey, sitting in Hudson County and the
United States District Court for the District of New Jersey sitting in Newark,
New Jersey for the adjudication of any civil action asserted pursuant to this
Paragraph.

         Section 8.8.      Waiver of Jury Trial.

         AS A FURTHER INDUCEMENT FOR THE SECURED PARTY TO ENTER INTO THIS
AGREEMENT AND TO MAKE THE FINANCIAL ACCOMMODATIONS TO THE COMPANY, THE COMPANY
HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING RELATED IN ANY
WAY TO THIS AGREEMENT AND/OR ANY AND ALL OTHER DOCUMENTS RELATED TO THIS
TRANSACTION.

         Section 8.9.      Entire Agreement.

         This Agreement constitutes the entire agreement among the parties and
supersedes any prior agreement or understanding among them with respect to the
subject matter hereof.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       14
<PAGE>

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

                                             COMPANY:

                                             THOMAS PHARMACEUTICALS, INC.

                                             By:      _________________________
                                             Name:    Farris M. Thomas, Jr.
                                             Title:   Chief Executive Officer

                                             SECURED PARTY:
                                             IVOICE, INC.

                                             By:      _________________________
                                             Name:    Jerome Mahoney
                                             Title:   Chief Executive Officer

                                       15
<PAGE>
                                    EXHIBIT A
                         DEFINITION OF PLEDGED PROPERTY
                         ------------------------------

         For the purpose of securing prompt and complete payment and performance
by the Company of all of the Obligations, the Company unconditionally and
irrevocably hereby grants to the Secured Party a continuing security interest in
and to, and lien upon, the following Pledged Property of the Company:

                  (a) all goods of the Company, including, without limitation,
machinery, equipment, furniture, furnishings, fixtures, signs, lights, tools,
parts, supplies and motor vehicles of every kind and description, now or
hereafter owned by the Company or in which the Company may have or may hereafter
acquire any interest, and all replacements, additions, accessions, substitutions
and proceeds thereof, arising from the sale or disposition thereof, and where
applicable, the proceeds of insurance and of any tort claims involving any of
the foregoing;

                  (b) all inventory of the Company, including, but not limited
to, all goods, wares, merchandise, parts, supplies, finished products, other
tangible personal property, including such inventory as is temporarily out of
Company's custody or possession and including any returns upon any accounts or
other proceeds, including insurance proceeds, resulting from the sale or
disposition of any of the foregoing;

                  (c) all contract rights and general intangibles of the
Company, including, without limitation, goodwill, trademarks, trade styles,
trade names, leasehold interests, partnership or joint venture interests,
patents and patent applications, copyrights, deposit accounts whether now owned
or hereafter created;

                  (d) all documents, warehouse receipts, instruments and chattel
paper of the Company whether now owned or hereafter created;

                  (e) all accounts and other receivables, instruments or other
forms of obligations and rights to payment of the Company (herein collectively
referred to as "Accounts"), together with the proceeds thereof, all goods
represented by such Accounts and all such goods that may be returned by the
Company's customers, and all proceeds of any insurance thereon, and all
guarantees, securities and liens which the Company may hold for the payment of
any such Accounts including, without limitation, all rights of stoppage in
transit, replevin and reclamation and as an unpaid vendor and/or lienor, all of
which the Company represents and warrants will be bona fide and existing
obligations of its respective customers, arising out of the sale of goods by the
Company in the ordinary course of business;

                  (f) to the extent assignable, all of the Company's rights
under all present and future authorizations, permits, licenses and franchises
issued or granted in connection with the operations of any of its facilities;
and

                  (g) all products and proceeds (including, without limitation,
insurance proceeds) from the above-described Pledged Property.

                                       A-1EXHIBIT 10.5
                                                                    ------------

                             SHAREHOLDERS'AGREEMENT

         SHAREHOLDERS' AGREEMENT, dated as of January 6, 2006 (this
"Agreement"), among Thomas Pharmaceuticals, Inc., a New Jersey corporation (the
"Company"), iVoice, Inc., a New Jersey corporation ("iVoice"), Farris M. Thomas,
Jr., a natural person residing at 320 West 22nd Street, New York, New York,
10011 ("Thomas"), John E. Lucas, a natural person residing at 1255 North
Gulfstream Avenue, Apartment 703, Sarasota, Florida, 34236 ("Lucas", and
together with Thomas, the "Major Shareholders"), Richard C. Brogle, a natural
person residing at 8 Kenneth Lane, Upper Montclair, New Jersey, 07043, Nina
Schwalbe, a natural person residing at 55 White Street, New York, New York,
10013, John H. Kirkwood, a natural person residing at 2030 Union Street, San
Francisco, California, 94123, Maureen Gillespie, a natural person residing at 32
West 31st St., Studio 7, New York, New York, 10001 (Dick Brogle, Nina Schwalbe,
John Kirkwood, Maureen Gillespie, Thomas and Lucas are each individually
referred to herein as "Series A Preferred Shareholder" and collectively as the
"Series A Preferred Shareholders," and, together with iVoice, the
"Shareholders").

                              W I T N E S S E T H:
                              - - - - - - - - - -

         WHEREAS, the Company was formed by the merger of Thomas Pharmaceuticals
Ltd., a New York corporation ("TPL"), with and into Thomas Pharmaceuticals, Ltd.
(f/k/a iVoice Acquisition Corp.), a New Jersey corporation ("iVoice
Acquisition"), pursuant to the terms of that certain Agreement and Plan of
Merger, by and among the iVoice, iVoice Acquisition, TPL and the Series A
Preferred Shareholders, dated as of the date hereof (the "Merger Agreement");
and

         WHEREAS, pursuant to the Merger, (i) the Series A Preferred
Shareholders acquired and hold one hundred percent (100%) of the shares of
Series A Preferred Stock of the Company, no par value per share (the "Series A
Preferred Stock"), (ii) iVoice acquired and holds (A) 325 shares of the Series B
Preferred Stock of the Company, no par value per share (the "Series B Preferred
Stock"), and (B) a Convertible Debenture in the principal amount of Three
Hundred Sixty Thousand Dollars ($360,000), (C) an Administrative Services
Convertible Debenture in the principal amount of One Hundred Thousand Dollars
($100,000), and (D) one hundred (100) shares of the Common Stock of the Company,
no par value per share and (iii) iVoice is obligated under the Merger Agreement
to purchase additional shares of Series B Preferred Stock and additional
Convertible Debentures of the Company on the terms set forth in the Merger
Agreement.

         NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants and agreements herein contained, and intending to be legally bound
hereby, the Company, iVoice and the Series A Preferred Shareholders hereby agree
as follows:

                                    ARTICLE I

                              SPIN-OFF TRANSACTIONS
                              ---------------------
<PAGE>
         SECTION 1.01. General. iVoice, the Company and each of the Series A
Preferred Shareholders hereby agree that iVoice shall have the right and
obligation, in accordance with the provisions of this Article I, to distribute
the shares of Common Stock then held by iVoice (but not the shares of Series B
Preferred Stock, the Debentures, or any other security of the Company now or
then held by iVoice) to the stockholders of iVoice (in each case, a "Spin-Off
Transaction"), and iVoice shall not consummate a Spin-Off Transaction unless
such Spin-Off Transaction is conducted pursuant to the terms of this Article I.

         SECTION 1.02. Option of iVoice. Each Series A Preferred Shareholder
hereby acknowledges and agrees that at any time on or after the first (1st)
anniversary of the date of this Agreement, iVoice may, at its sole and absolute
discretion, consummate a Spin-Off Transaction; provided, however, that iVoice
hereby covenants and agrees not to consummate a Spin-Off Transaction at any time
prior to the first anniversary of the date of this Agreement.

         SECTION 1.03. Instruction of the Series A Preferred Shareholders.
iVoice hereby agrees, that if, at any time after the second (2nd) anniversary of
the date of this Agreement, but prior to the fifth (5th) anniversary of the date
of this Agreement, iVoice receives a written request (a "Spin-Off Instruction")
executed by Series A Preferred Shareholders holding at least eighty percent
(80%) of the shares of Series A Preferred Stock, iVoice shall use its
commercially reasonable efforts to consummate a Spin-Off Transaction, including,
but not limited to, causing and assisting the Company in the preparation and
filing of an appropriate registration statement under the Securities Act of
1933, as amended (the "Securities Act"). Once received by iVoice, the Spin-Off
Instruction shall be irrevocable. Notwithstanding anything else in this
Agreement, iVoice shall be under no obligation to consummate, pursue or take any
other action in furtherance of a Spin-Off Transaction if at any time iVoice
determines, in its sole and exclusive judgment, after consulting with its
counsel, that any such action would result in a violation of any law, rule or
regulation by either iVoice or any of its shareholders.

         SECTION 1.04. Obligations of iVoice in a Spin-Off Transaction. In any
Spin-Off Transaction, iVoice will use its commercially reasonable efforts to
cause the Company to file a registration statement under the Securities Act and
a registration statement registering the Common Stock under the Securities
Exchange Act of 1934, as amended (the "Exchange Act") and/or any other filing as
may be required by the Securities and Exchange Commission.

         SECTION 1.05. Obligations of the Company in a Spin-Off Transaction. All
expenses incurred by the Company and/or iVoice in connection with any Spin-Off
Transaction, including those expenses incurred in connection with related
registrations, filings or qualifications, including, without limitation, all
registration, listing and qualifications fees, printers, mailing expenses, legal
and accounting fees, shall be paid by the Company.

         SECTION 1.06. Obligations of the Shareholders in a Spin-Off
Transaction. Each Shareholder hereby agrees that in the event of a Spin-Off
Transaction is initiated pursuant to this Section 1.06, each Shareholder shall
vote all of its voting securities in favor of any stock split or combination
that creates total outstanding capital of thirty million (30,000,000) shares as
of the date of the consummation of the Spin-Off Transaction, assuming the
conversion of the Series A Preferred Stock, but not the conversion of the
Convertible Debentures or the Administrative Services Debenture or the Series B
Preferred Stock, while preserving the proportionate holdings

                                       -2-
<PAGE>
of Common Stock (assuming the conversion of the Series A Preferred Stock) among
the Shareholders.

                                   ARTICLE II

                            RESTRICTIONS ON TRANSFER
                            ------------------------

         SECTION 2.01. Restriction on Transfer. No Series A Preferred
Shareholder may transfer, sell, assign, exchange, mortgage, pledge, hypothecate
or otherwise dispose of (i) any Series A Preferred Stock or (ii) any other
security exchanged or substituted for Series A Preferred Stock or into which
Series A Preferred Stock is converted in any recapitalization, reorganization,
merger, exchange transaction or other business combination transaction,
including Common Stock (together "Class A Securities"), until the second
anniversary of the date on which all of the shares of Common Stock issued upon
the conversion of the Series B Preferred Stock and, if applicable, the
Debentures have been registered for resale under the Securities Act following a
Spin-Off Transaction; provided, however, a Series A Preferred Shareholder may
transfer Class A Securities to such Series A Preferred Shareholder's Relative,
or to a custodian, trustee or other fiduciary for the account of the Series A
Preferred Shareholder or the Series A Preferred Shareholder's Relative or
extended family in connection with an estate planning transaction; provided
that, in each such case, any transferee agrees to the restrictions herein and in
any other Transaction Document, as to such transferred securities as if such
transferee was a Series A Preferred Shareholder. As used in this Section 2.01,
"Relative" shall mean a (i) minor or adult lineal descendant, (ii) spouse or a
minor or adult lineal descendant thereof, (iii) sibling (whether by half or
whole blood) or a minor or adult lineal descendant thereof, or (iv) cousin or a
minor or adult lineal descendant thereof.

         SECTION 2.02. Stop Transfer Orders and Legends. Each Series A Preferred
Shareholder acknowledges and agrees that "stop transfer" instructions shall be
placed against the shares of Class A Securities on the transfer books of the
Company until such time as the shares of Class A Securities are available for
resale in accordance with all applicable law and the terms of this Agreement and
that the certificates evidencing the shares of Class A Securities shall bear the
following legend:

         THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
         UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY APPLICABLE
         STATE SECURITIES LAWS AND NEITHER THE SHARES NOR ANY INTEREST THEREIN
         MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE
         ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER
         SUCH ACT AND THE RULES AND REGULATIONS THEREUNDER AND IN THE ABSENCE OF
         REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER ANY APPLICABLE
         STATE SECURITIES LAWS. THE TRANSFER OF THE SHARES IS ALSO SUBJECT TO
         THE RESTRICTIONS SET FORTH IN THAT CERTAIN SHAREHOLDERS' AGREEMENT
         DATED JANUARY __, 2006 BETWEEN THE COMPANY AND THE REGISTERED OWNER OF
         THE SHARES.

                                       -3-
<PAGE>
                                  ARTICLE III

                            BOARD OBSERVATION RIGHTS
                            ------------------------

         The Shareholders and the Company hereby agree that in the event that
neither of the Major Shareholders is serving as a director of the Company, that
each of the Major Shareholders shall have the right to attend any meeting of the
Company's board of directors as a non-voting observer.

                                   ARTICLE IV

                               FURTHER OBLIGATIONS
                               -------------------

         SECTION 4.01. Chief Financial Officer. The Company agrees that it will
use its commercially reasonable efforts to hire a Chief Financial Officer (who
need not be hired on a full-time basis) acceptable to iVoice, in its sole
discretion. The Company further agrees that such Chief Financial Officer shall
not be terminated by the Company without the prior written consent of iVoice.

         SECTION 4.02. No Dividends. The Company agrees that it will not declare
or pay a dividend within the two (2) years following the date of this Agreement.
Each Shareholder agrees that it will not undertake for any such dividend to be
declared or paid within such two (2) year period.

         SECTION 4.03. No Additional Series A Preferred Stock. The Company
agrees that it will not issue additional shares of Series A Preferred Stock
without the prior written consent of holders of at least seventy five percent
(75%) of the Series A Preferred Stock then outstanding.

         SECTION 4.04. Operating Budget. The Company agrees that it will operate
on the basis of the budget attached hereto as Exhibit A.

                                    ARTICLE V

                               GENERAL PROVISIONS
                               ------------------

         SECTION 5.01. Notices. All notices and other communications given or
made pursuant hereto shall be in writing and shall be deemed to have been duly
given or made if and when delivered personally, against written receipt thereof,
or by overnight courier to the parties at the following addresses or sent by
electronic transmission, with confirmation received, to the telecopy numbers
specified below (or at such other address or telecopy number for a party as
shall be specified by like notice):

                                       -4-
<PAGE>
         (a) If to iVoice:

                      iVoice, Inc.
                      750 Highway 34
                      Matawan, New Jersey 07747
                      Attn: Jerry Mahoney
                      Telecopy: (732) 441-7700
                      Confirm: (732) 441-9895

             With a copy to:

                      Kramer Levin Naftalis & Frankel LLP
                      1177 Avenue of the Americas
                      New York, NY  10036
                      Attn:  Scott Rosenblum, Esq.
                      Telecopy: (212) 715-8000
                      Confirm:  (212) 715-9100

         (b) If to the Company:

                      Thomas Pharmaceuticals, Inc.
                      c/o iVoice, Inc.
                      750 Highway 34
                      Matawan, New Jersey 07747
                      Attn: Jerry Mahoney
                      Telecopy: (732) 441-7700
                      Confirm: (732) 441-9895

             With a copy to:

                      Kramer Levin Naftalis & Frankel LLP
                      1177 Avenue of the Americas
                      New York, NY 10036
                      Attn:  Scott Rosenblum, Esq.
                      Telecopy: (212) 715-8000
                      Confirm:  (212) 715-9100

         (c) If to a Series A Preferred Shareholder, then to the address listed
on the applicable Series A Preferred Shareholder's counterpart signature page.

         SECTION 5.02. Amendment. This Agreement may be amended by the parties
hereto by at any time prior to the Effective Time. This Agreement may not be
amended except by an instrument in writing signed by the parties hereto.

         SECTION 5.03. Waiver. Any party hereto may with respect to any other
party hereto (a) extend the time for the performance of any of the obligations
or other acts, (b) waive any inaccuracies in the representations and warranties
contained herein or in any document delivered pursuant hereto, or (c) waive
compliance with any of the agreements or conditions

                                       -5-
<PAGE>
contained herein. Any such extension or waiver shall be valid if set forth in an
instrument in writing signed by the party or parties to be bound thereby.

         SECTION 5.04. Headings. The headings contained in this Agreement are
for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement.

         SECTION 5.05. Severability.

         (a) If any term or other provision of this Agreement is invalid,
illegal or incapable of being enforced by any rule of law or public policy, all
other conditions and provisions of this Agreement shall nevertheless remain in
full force and effect so long as the economic or legal substance of the
transactions contemplated hereby is not affected in any manner adverse to any
party. Upon a determination that any term or other provision is invalid, illegal
or incapable of being enforced, the parties hereto shall negotiate in good faith
to modify this Agreement so as to effect the original intent of the parties as
closely as possible in an acceptable manner to the end that the transactions
contemplated hereby are fulfilled to the extent possible.

         SECTION 5.06. Entire Agreement. This Agreement, together with the other
Transaction Documents, constitutes the entire agreement and supersedes all prior
agreements and undertakings, both written and oral, among the parties, or any of
them, with respect to the subject matters hereof and thereof, except as
otherwise expressly provided herein.

         SECTION 5.07. Assignment. This Agreement shall not be assigned by
operation of law or otherwise, except (i) that all or any of the rights and
obligations of iVoice hereunder may be assigned by iVoice to any transferee of
all or any part of its Common Stock or Series B Preferred Stock and shares
issuable upon conversion of the Class B Preferred Stock and Debentures upon
delivery by such transferee of a counterpart signature page to this Agreement by
which such transferee shall be bound by the terms of this Agreement had the
transferee executed in the same capacity of iVoice and (ii) that all or any of
the rights and obligations of each Class A Preferred Shareholder hereunder may
be assigned by such Class A Preferred Shareholder as permitted by and subject to
the provisions of Section 2.01.

         SECTION 5.08. Parties in Interest. This Agreement shall be binding upon
and inure solely to the benefit of each party hereto, and nothing in this
Agreement, express or implied, is intended to or shall confer upon any other
person any right, benefit or remedy of any nature whatsoever under or by reason
of this Agreement, including, without limitation, by way of subrogation.

         SECTION 5.09. Failure or Indulgence Not Waiver; Remedies Cumulative. No
failure or delay on the part of any party hereto in the exercise of any right
hereunder shall impair such right or be construed to be a waiver of, or
acquiescence in, any breach of any representation, warranty or agreement herein,
nor shall any single or partial exercise of any such right preclude any other or
further exercise thereof or of any other right. All rights and remedies existing
under this Agreement are cumulative to, and not exclusive of, any rights or
remedies otherwise available.

                                       -6-
<PAGE>
         SECTION 5.10. Governing Law; Jurisdiction.

         (a) This Agreement shall be governed by, and construed in accordance
with, the internal laws of the State of New Jersey applicable to contracts
executed and fully performed within the State of New Jersey.

         (b) Each of the parties hereto submits to the exclusive jurisdiction of
the state and federal courts of the United States located in the State of New
Jersey with respect to any claim or cause of action arising out of this
Agreement or the transactions contemplated hereby.

         (c) Each of the parties to this Agreement (i) consents to submit itself
to the personal jurisdiction of such court in the event that any dispute arises
out of this Agreement or any of the transactions contemplated by this Agreement,
(ii) agrees that it will not attempt to deny or defeat such personal
jurisdiction by motion or other request for leave from any such court and (iii)
agrees that it will not bring any action in relation to this Agreement or any of
the other transactions contemplated by this Agreement in any court other than
such court in the State of New Jersey.

         SECTION 5.11. Counterparts. This Agreement may be executed in two or
more counterparts, and by the different parties hereto in separate counterparts,
each of which when executed shall be deemed to be an original but all of which
taken together shall constitute one and the same agreement.

         SECTION 5.12. WAIVER OF JURY TRIAL. THE COMPANY AND EACH SHAREHOLDER
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ALL RIGHTS TO
TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM (WHETHER BASED UPON
CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
OF THE TRANSACTIONS CONTEMPLATED HEREBY.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       -7-
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the date first written above by their respective officers
thereunto duly authorized.

                                                THOMAS PHARMACEUTICALS, INC.

                                                By
                                                   -----------------------------
                                                   Name:
                                                   Title:

                                                IVOICE, INC.

                                                By
                                                   -----------------------------
                                                   Name:
                                                   Title:

                                       -8-
<PAGE>

                                                   -----------------------------
                                                   FARRIS M. THOMAS, JR.

                                                   Address:

                                                   320 West 22nd Street
                                                   New York, New York 10011

                                                   Fax:

                                       -9-
<PAGE>

                                                   -----------------------------
                                                   JOHN E. LUCAS

                                                   Address:

                                                   1255 North Gulfstream Avenue
                                                   Apartment 703
                                                   Sarasota, Florida 34236

                                                   Fax:

                                      -10-
<PAGE>

                                                   -----------------------------
                                                   RICHARD C. BROGLE

                                                   Address:

                                                   8 Kenneth Lane
                                                   Upper Montclair
                                                   New Jersey 07043

                                                   Fax:

                                      -11-
<PAGE>

                                                   -----------------------------
                                                   NINA SCHWALBE

                                                   Address:

                                                   55 White Street
                                                   New York, New York 10013

                                                   Fax:

                                      -12-
<PAGE>

                                                   -----------------------------
                                                   JOHN H. KIRKWOOD

                                                   Address:

                                                   2030 Union Street
                                                   San Francisco
                                                   California 94123

                                                   Fax:

                                      -13-
<PAGE>

                                                   -----------------------------
                                                   MAUREEN GILLESPIE

                                                   Address:

                                                   32 West 31st Street
                                                   Studio 7
                                                   New York, New York 10001

                                                   Fax:

                                      -14-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}]]