BRIDGE LOAN AGREEMENT SECURITY INTEREST AND PLEDGE AGREEMENT

                                                                        EX-10.34

                                                                        ANNEX VI
                                                           BRIDGE LOAN AGREEMENT

                     SECURITY INTEREST AND PLEDGE AGREEMENT

       SECURITY INTEREST AND PLEDGE AGREEMENT  ("Pledge  Agreement") dated as of
September 28, 2006, by and among CAMOFI  Master LDC  ("Secured  Party"),  Sonoma
College,  Inc., a California  corporation having its principal executive offices
at 1304 South  Point  Boulevard,  Suite  280,  Petaluma,  California  94954 (the
"Company" or the "Debtor"), Charles D. Newman and Elysa K. Newman ("Pledgors").

                                    RECITALS

       A.     Reference  is made to (i) that  certain  Bridge Loan  Agreement of
even date herewith (the "Loan  Agreement")  to which the Company and the Secured
Party are parties, and (ii) the Transaction  Agreements (as that term is defined
in the Loan Agreement),  including,  without limitation,  the Note.  Capitalized
terms not otherwise  defined herein shall have the meanings  ascribed to them in
the relevant Transaction Agreements.

       B.     Pursuant  to the  Transaction  Agreements,  the Debtor has certain
obligations  to the Secured  Party (all such  obligations,  the  "Obligations"),
including,  but not limited to, obligations to pay principal and interest of the
Note, which was issued in the original  aggregate  principal amount of $275,000,
on the Maturity Date. The Note  Obligations are secured by a mortgage on certain
real  estate  that  is held  in the  names  of the  Pledgors  and is more  fully
described  below.  The  obligations of the Company and of the Pledgors,  if any,
under the Note are referred to collectively as the "Note Obligations".

       C.     To secure the Note Obligations, the Pledgors have agreed to pledge
certain real estate; specifically, Condominium Unit 7BC located at 525 East 80th
Street, New York, New York 10021 (the "Real Estate").

       D.     The Pledgors are  shareholders  of the Debtor and have  determined
that it is in the  Pledgors'  best  interests,  including  to the benefit of the
other  interests of the Pledgors in the Company,  to provide the pledge referred
to herein.

       E.     The Secured Party is willing to enter into the Loan  Agreement and
the other Transaction  Agreements only upon receiving the Pledgors' mortgage for
the Real Estate, as set forth in this Pledge Agreement.

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

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       1.     GRANT OF SECURITY INTEREST.

              To secure the Note  Obligations  of Debtor,  the  Pledgors  hereby
pledge to the  Secured  Party all of their  interest  in the Real  Estate.  Said
pledge shall be evidenced by a mortgage in the form attached hereto as Exhibit A
(the "Mortgage").

       2.     OBLIGATIONS SECURED.  During the term hereof, the Collateral shall
              secure the following:

       (a)    The performance by the Company of the Note Obligations; and

       (b)    The performance by the Pledgors of their  obligations,  covenants,
and agreements under this Agreement.

The obligations,  covenants and agreements  described in clauses (a) and (b) are
the "Obligations."

       3.     PERFECTION OF SECURITY  INTERESTS.  Upon  execution of this Pledge
Agreement by the Debtor and the Pledgors,

              (a)    the Pledgors  shall deliver and transfer  possession of the
Mortgage, to the Secured Party.

              (b)    The  Mortgage  shall be  recorded  in the New  York  County
Clerk's Office, to perfect the security interest of the Secured Party, until the
earlier of

       (i)    the payment in full of all amounts due under the Note, or

       (ii)   foreclosure  of Secured  Party's  security  interests  as provided
herein.

              (c)    The Debtor and the  Pledgors  hereby  appoint  the  Secured
Party, as attorney-in-fact with powers of substitution, to execute all documents
and perform all acts in order to perfect and maintain a valid security  interest
for Secured Party in the Real Estate.

       4.     RESERVED.

       5.     PLEDGORS'  WARRANTY.  The Pledgors represent and warrant hereby to
              the Secured Party as follows with respect to the Real Estate:

              A.     WITH RESPECT TO TITLE TO THE REAL ESTATE

              (i)    that