GENERAL SECURITY AGREEMENTGeneral Security Agreement • May 16th, 2006 • Moventis Capital, Inc. • Services-business services, nec
PTL Acquisition Corp. (the “Debtor”) mortgages and charges in favour of Albion Services Ltd., The Tsang Family Trust, Century Electronics, Anthony Lee, Paul Heathcote, David McAlpine and Marylin Lee (the “Secured Party”), and grants to the Secured Party a security interest in, all of the Debtor’s present and after-acquired personal property, including all inventory, equipment and fixtures, all contracts, accounts and other intangibles, and all securities, instruments, chattel paper, money and documents of title, and also all of the Debtor’s present and after-acquired real property and other assets and undertaking, (collectively, the “Charged Property”) to secure payment and performance of all present and future debts, liabilities and other obligations of the Debtor to the Secured Party (collectively, the “Secured Obligations”).
ContractMoventis Capital, Inc. • May 16th, 2006 • Services-business services, nec
THIS DEBENTURE AND THE UNDERLYING SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO SUCH SECURITIES UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.
THE SHAREHOLDERS OF PTL ELECTRONICS LTD. – and – MOVENTIS CAPITAL, INC. – and – PTL ACQUISTION CORP. – and – PTL ELECTRONICS LTD. AGREEMENT FOR THE PURCHASE OF SHARES OF PTL ELECTRONICS LTD. DATED AS OF May 8, 2006Share Purchase Agreement • May 16th, 2006 • Moventis Capital, Inc. • Services-business services, nec • Alberta
ALBION SERVICES LTD., a corporation incorporated under the laws of the British Virgin Islands and having an office at 20th Floor, Eastern Central Plaza, 3 Yiu Hing Road, Shaukeiwan, Hong Kong
