Exhibit 10.1


 


Form
of Convertible Promissory Note and Table.


 


DataMEG
Corporation


P.O. Box 130145

Boston, MA  02113


 


[Date]


 


[Name]


 


[Address]




 


Re:          Investment
in DataMEG Corporation


 


Dear [Name]:


 


This letter is to confirm
the significant terms associated with your upcoming investment in our
company.  These terms are:


 


1.                           You
will wire $ [Amount] to:  DataMeg Corp. / Acct.: 1135656921  ABA:
011500120  Citizen’s Bank Hanover
Street, Boston, MA 02113, on or about [Date].


 


2.                           At that
same time, we will issue to you a convertible note featuring the following
terms:


 


A.                       Principal
amount of $ [Amount].


 


B.                         Annual
simple interest rate of the minimum applicable federal rate, which is 1.47%
this month.


 


C.                         You and
DataMeg will each be permitted to convert the note into shares of the company’s
common stock at a price of $[Price] per share (subject to adjustment for stock
splits, stock dividends and the like) at any time between three and six months
of the original issuance date of the note.


 


D.                        If neither
you nor the company has converted the note to shares before [Date]  then the note will, automatically, and
without any action by you or the company, convert into [Amount] shares of the
company’s common stock (subject to adjustment for stock splits, stock dividends
and the like) on that date.


 
















 


3.         The company will, no
later than four months after the conversion of the note, and in no event later
than [Date], cause the shares issued upon conversion to be registered with the
United States Securities and Exchange Commission for resale, as the sole
expense of the company (except for any underwriting commissions, if any).


 


If these terms are
acceptable to you, please retain this original letter and return a
countersigned copy of the letter to me.


 


	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DataMEG Corporation

  
	
   

  	
  By:  Andrew Benson, President

  
	
   

  	
   

  
	
   

  	
   

  
	
  Agreed and
  accepted:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
			



 


 


	
  DATE

  	
   

  	
  INVESTOR

  	
   

  	
  AMOUNT

  	
   

  	
  PRICE

  	
   

  
	
  04/29/04

  	
   

  	
  Mark McGrath

  	
   

  	
  $

  	
  20,000

  	
   

  	
  $

  	
  0.02

  	
   

  
	
  05/04/04

  	
   

  	
  Mark McComiskey

  	
   

  	
  $

  	
  6,000.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  05/04/04

  	
   

  	
  Richard Salter

  	
   

  	
  $

  	
  12,500.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  05/05/04

  	
   

  	
  Jeff Oakenfull

  	
   

  	
  $

  	
  12,500.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  05/05/04

  	
   

  	
  Tony Snider

  	
   

  	
  $

  	
  25,000.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  05/05/04

  	
   

  	
  Kenneth Cohen

  	
   

  	
  $

  	
  12,500.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  05/06/04

  	
   

  	
  James & Carol
  Ciaccio

  	
   

  	
  $

  	
  6,500.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  05/06/04

  	
   

  	
  David F. Watts

  	
   

  	
  $

  	
  12,500.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  05/07/04

  	
   

  	
  John J. Hurley

  	
   

  	
  $

  	
  12,500.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  05/14/04

  	
   

  	
  John C. Boniface

  	
   

  	
  $

  	
  60,000.00

  	
   

  	
  $

  	
  0.033

  	
   

  



 


2
















 


	
  05/14/04

  	
   

  	
  Wayne P. & Eileen
  M. Hughes

  	
   

  	
  $

  	
  24,975.00

  	
   

  	
  $

  	
  0.033

  	
   

  
	
  05/14/04

  	
   

  	
  Joseph R. White

  	
   

  	
  $

  	
  12,500.00

  	
   

  	
  $

  	
  0.033

  	
   

  
	
  05/15/04

  	
   

  	
  Mark P. McGrath

  	
   

  	
  $

  	
  20,000.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  05/19/04

  	
   

  	
  John A. Dennis

  	
   

  	
  $

  	
  12,500.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  06/04/04

  	
   

  	
  John O’Connell

  	
   

  	
  $

  	
  12,500.00

  	
   

  	
  $

  	
  0.03 1/3

  	
   

  
	
  06/04/04

  	
   

  	
  Peter Pometti

  	
   

  	
  $

  	
  12,500.00

  	
   

  	
  $

  	
  0.033

  	
   

  
	
  06/04/04

  	
   

  	
  Bonnie Walsh

  	
   

  	
  $

  	
  25,000.00

  	
   

  	
  $

  	
  0.033

  	
   

  
	
  06/14/04

  	
   

  	
  Daniel H. Coon

  	
   

  	
  $

  	
  1,000.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  06/14/04

  	
   

  	
  Mike Dunham

  	
   

  	
  $

  	
  50,000.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  06/14/04

  	
   

  	
  Michael O’Keefe

  	
   

  	
  $

  	
  12,500.00

  	
   

  	
  $

  	
  0.033

  	
   

  
	
  06/18/04

  	
   

  	
  F. Larry Horgan, III

  	
   

  	
  $

  	
  12,500.00

  	
   

  	
  $

  	
  0.03

  	
   

  
	
  06/18/04

  	
   

  	
  Bill Clark

  	
   

  	
  $

  	
  20,000.00

  	
   

  	
  $

  	
  0.02

  	
   

  
	
  06/18/04

  	
   

  	
  William P. Kelly

  	
   

  	
  $

  	
  15,000.00

  	
   

  	
  $

  	
  0.02

  	
   

  
	
  06/18/04

  	
   

  	
  Arthur Murphy, Sr.

  	
   

  	
  $

  	
  2,000.00

  	
   

  	
  $

  	
  0.02

  	
   

  
	
  07/5/04

  	
   

  	
  Harry J. Martin, Jr.

  	
   

  	
  $

  	
  15,000.00

  	
   

  	
  $

  	
  0.07

  	
   

  
	
  07/6/04

  	
   

  	
  John C. Boniface

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  07/8/04

  	
   

  	
  Patrick M. Lyons

  	
   

  	
  $

  	
  8,000.00

  	
   

  	
  $

  	
  0.07

  	
   

  
	
  07/09/04

  	
   

  	
  Robert C. Carter

  	
   

  	
  $

  	
  1,020.00

  	
   

  	
  $

  	
  0.12

  	
   

  
	
  07/9/04

  	
   

  	
  Arthur Murphy, Jr.

  	
   

  	
  $

  	
  20,000.00

  	
   

  	
  $

  	
  0.05

  	
   

  
	
  07/12/04

  	
   

  	
  James and Carol
  Anderson

  	
   

  	
  $

  	
  2,000.00

  	
   

  	
  $

  	
  0.12

  	
   

  
	
  07/12/04

  	
   

  	
  Margaret A. Kelleher

  	
   

  	
  $

  	
  2,500.00

  	
   

  	
  $

  	
  0.12

  	
   

  
	
  07/14/04

  	
   

  	
  Peter David Frey

  	
   

  	
  $

  	
  6,000.00

  	
   

  	
  $

  	
  0.12

  	
   

  
	
  07/18/04

  	
   

  	
  Jane Gibbons

  	
   

  	
  $

  	
  100,000.00

  	
   

  	
  $

  	
  0.08

  	
   

  
	
  07/19/04

  	
   

  	
  Thad L. Daber

  	
   

  	
  $

  	
  3,000.00

  	
   

  	
  $

  	
  0.10

  	
   

  



 


3
















 


	
  07/20/04

  	
   

  	
  Raymond E. Imperial

  	
   

  	
  $

  	
  15,000.00

  	
   

  	
  $

  	
  0.10

  	
   

  
	
  07/21/04

  	
   

  	
  Maureen and Steven
  Sundman

  	
   

  	
  $

  	
  12,000.00

  	
   

  	
  $

  	
  0.12

  	
   

  
	
  07/23/04

  	
   

  	
  Philip J. Procacci

  	
   

  	
  $

  	
  15,000.00

  	
   

  	
  $

  	
  0.10

  	
   

  
	
  7/28/03

  	
   

  	
  Robert White

  	
   

  	
  $

  	
  22,500.00

  	
   

  	
  $

  	
  0.10

  	
   

  
	
   

  	
   

  	
  T O T A L

  	
   

  	
  $

  	
  734,995

  	
   

  	
   

  	
   

  



 


4