Phoenix Life Sciences International Limited. Watch

from 8-K 3 pages Security Agreement This Security Agreement (This “Agreement”), Dated as of June 24, 2014, Is Executed by Medijane Holdings, Inc., a Nevada Corporation (“Debtor”), in Favor of Typenex Co-Investment, LLC, a Utah Limited Liability Company (“Secured Party”). A. Debtor Has Issued to Secured Party a Certain Secured Convertible Promissory Note of Even Date Herewith, as May Be Amended From Time to Time, in the Original Face Amount of $1,105,000.00 (The “Note”). B. in Order to Induce Secured Party to Extend the Credit Evidenced by the Note, Debtor Has Agreed to Enter Into This Agreement and to Grant Secured Party the Security Interest in the Collateral (As Defined Below). Now, Therefore, in Consideration of the Above Recitals and for Other Good and Valuable Consideration, the Receipt and Adequacy of Which Are Hereby Acknowledged, Debtor Hereby Agrees With Secured Party as Follows: 1. Definitions and Interpretation. When Used in This Agreement, the Following Terms Have the Following Respective Meanings: “Collateral” Has the Meaning Given to That Term in Section Hereof