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Exhibit 4.9
DATAJUNGLE LTD.
CONVERTIBLE PROMISSORY NOTE
__________________
For value received, DataJungle Ltd. (hereinafter
referred to as the "Borrower") promises to pay to the order of
Capital House Corporation (hereinafter referred to as the "Lender")
in the City of Ottawa, Ontario or at such other place as the Holder
hereof may, from time to time designated in writing, the sum of
$________ CAD (collectively the "Loan") made by the Lender to the
Borrower, in legal and lawful money of Canada, with interest on the
principal outstanding from time to time until paid, both before and
after maturity, at the rate of ten percent (10%) per annum.
The principal and interest of this Note is due
and payable on demand and is advanced to Borrower under the
following conditions:
a.
The Loan together with any other obligations owing to Lender in
accordance with this Note is secured by and repayable in full from
receipt by Borrower or Borrower’s parent, DataJungle Software
Inc., of proceeds from the present and future accounts receivables
due to Borrower or DataJungle Software Inc. In addition, the
Loan is secured by a floating charge on all assets of Borrower or
DataJungle Software Inc.
b.
The loan together with any obligations owing to Lender in
accordance with this Note is secured by and repayable immediately
in full from the proceeds of any financing received in the escrow
account of Alan R. Turem P.C. on behalf of the Borrower or
DataJungle Software Inc. Borrower agrees to provide
notification to Alan R. Turem P.C. to direct the proceeds of any
such financing to the Lender.
c.
The Loan together with any other obligations owing to
Lender in accordance with this Note is subject to a General
Security Agreement dated July 30, 2001 as am
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