THIS SECURITY AGREEMENT (the “ Agreement ”), is entered into and made effective as of
March 5, 2008, by and between SpeechSwitch, 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 executed a Convertible Promissory Note dated April 15, 2009 (the
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:
DEFINITIONS AND INTERPRETATIONS
The above recitals are true and correct and are incorporated herein, in their entirety, by this reference.
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.
In exchange and the consideration for the Secured Party purchasing the Promissory Note dated the date
hereof and thereby permitting the Secured Party to loan to the Company Fifty Thousand Six Hundred and Fifty-
one Dollars and Fifty-two Cents ($50,651.52) on the date hereof in the form of a Promissory Note, the
Company hereby agrees to permit the Secured Party to secure the obligations pursuant to this Security
Agreement and such the Promissory Note dated the date hereof for the sum of Fifty Thousand Six Hundred and
Fifty-one Dollars and Fifty-two Cents ($50,651.52) and any other amounts now or hereafter owed to the
Secured Party by the Company thereunder or hereunder, (collectively, the “ Obligations ”).
PLEDGED PROPERTY, ADMINISTRATION OF COLLATERAL
AND TERMINATION OF SECURITY INTEREST
(a) Company hereby pledges to the Secu