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Exhibit 4.8
DATAJUNGLE SOFTWARE
INC.
CONVERTIBLE PROMISSORY NOTE
________________
For value received, DataJungle Software Inc.
(hereinafter referred to as the "Borrower") promises to pay to the
order of _______________ (hereinafter referred to as the "Lender")
in the City of Atlanta, Georgia or at such other place as the
Holder hereof may, from time to time designated in writing, the sum
of $___________ USD (collectively the "Loan") made by the Lender to
the Borrower, in legal and lawful money of the United States of
America, 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 wholly owned subsidiary,
DataJungle Ltd., of proceeds from the present and future accounts
receivables due to Borrower or DataJungle Ltd. In addition,
the Loan is secured by a floating charge on all assets of Borrower
or DataJungle Ltd.
b.
The Loan together with any other obligations owing to Lender in
accordance with this Note is unconditionally guaranteed by
DataJungle Ltd.
Upon 5 days written notice, the Borrower may pay all or part of
any of principal and/or interest, unless converted into equity by
the
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