Document:

PROMISSORY NOTE 1

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 amended in favour of Capital House Corporation.

d.

The Loan together with any other obligations owing to Lender in accordance with this Note is unconditionally guaranteed by DataJungle Software Inc.

 

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 Lender, before maturity at any time without penalty or bonus and any subsequent interest shall be calculated only on any remaining outstanding balance.

In the event this Note, or any part hereof, is collected through Bankruptcy or other judicial proceedings by an attorney or is placed in the hands of an attorney for collection after maturity, then the Borrower agrees and promises to pay a reasonable attorney’s fee for collection.

The Borrower expressly requires notice of all demands for payment, presentation for payment, protest and notice of protest, as to this Note but the Lender, payee or other Holder of this Note may at any time, from time to time and upon notice in writing to the Borrower, extend the terms of payment or date of maturity hereof.

This Note may be assigned to another party (“Holder”), pledged or hypothecated by the Lender or any Holder upon notice to the Borrower and is made without recourse to any director, officer or employee of the Borrower.

Prior to maturity, the Lender or Holder may at any time and from time to time on notice to the Borrower and DataJungle Software Inc. require that all or any portion of the outstanding principal 

and accrued interest be converted into shares of common stock, plus warrants for shares of common stock, of DataJungle Software Inc. at the conversion rate of $0.10 USD per share plus a warrant exercisable for the number of shares of common stock equal to fifty percent (50%) of the number of shares of common stock purchased by the Borrower. The warrant will be exercisable until December 31, 2010 and will have an exercise price equal to $0.30 USD per share. 

Any notice, demand or request relating to any matter set forth in this Note shall be given in writing.

This Note shall be governed by and construed in accordance with the laws of the Province of Ontario, Canada.

IN WITNESS WHEREOF, DataJungle Ltd. has caused this Note to be duly executed on its behalf by its officers duly authorized thereunto.

DataJungle Ltd.

Per:______________________

Denes Bartakovich

Executive VP & COO

Per:__________________

Larry Bruce

CFO

Acknowledged by DataJungle Software Inc. and unconditionally guaranteed by DataJungle Software Inc. 

DataJungle Software Inc.

Per:______________________

Denes Bartakovich

Executive VP & COO

Per:__________________

Larry Bruce

CFOPROMISSORY NOTE 1

Exhibit 4.10 

DATAJUNGLE LTD.

SECURED PROMISSORY NOTE

December 22, 2006

For value received, DataJungle Ltd. (hereinafter referred to as the “Borrower”) promises to pay to the order of Phillip Zrymiak (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 one hundred thousand dollars ($100,000.00 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 twelve percent (12%) per annum.    

The principal and interest of this Note is due and payable on June 30, 2007 unless otherwise due earlier hereunder and is advanced to Borrower under the following conditions:

a.

The Loan together with any other obligations owing to Lender in accordance with this Loan is secured by and repayable from receipt by Borrower of ninety thousand dollars ($90,000.00) owing to Borrower by the Province of Ontario on account of any tax refunds owing, investment tax credits due, scientific research and experimental development credits payable or any other such claim paid by the Province of Ontario for Borrower’s years ended June 30, 2004 and June 30, 2005.    

b.

The Borrower has executed and delivered a copy of the attached Assignment of Provincial Crown Debts to the Lender and agrees to take any action as reasonably requested by Lender to effectuate said Assignment. 

c.

The Borrower agrees to pay a set-up fee of ten thousand dollars ($10,000.00) to the Lender in consideration for services rendered arranging this Loan, and deducted from the loan proceeds.   

 

The Borrower may pay all or part of any of principal and/or interest, before maturity at any time without penalty or bonus and any subsequent interest shall be calculated only on any remaining outstanding balance.

In the event this Note, or any part hereof, is collected through Bankruptcy or other judicial proceedings by an attorney or is placed in the hands of an attorney for collection after maturity, then the Borrower agrees and promises to pay a reasonable attorney’s fee for collection.

The Borrower expressly requires notice of all demands for payment, presentation for payment, protest and notice of protest, as to this Note but the Lender, payee or other Holder of this Note may at any time, from time to time and upon notice in writing to the Borrower, extend the terms of payment or date of maturity hereof.

This Note may be assigned to another party (“Holder”), pledged or hypothecated by the Lender or any Holder upon notice to the Borrower and is made without recourse to any director, officer or employee of the Borrower.

Any notice, demand or request relating to any matter set forth in this Note shall be given in writing.

This Note shall be governed by and construed in accordance with the laws of the Province of Ontario, Canada.

IN WITNESS WHEREOF, DataJungle Ltd. has caused this Note to be duly executed on its behalf by its officers duly authorized thereunto.

DataJungle Ltd.

Per: /s/ Edward Munden

      Edward Munden

      President & Chief Executive Officer

Per: /s/ Larry Bruce

      Larry Bruce

      Chief Financial OfficerAGREEMENT

Exhibit 4.11

STOCK GRANT AGREEMENT

This Agreement entered into on the 22nd day of December 2006, between DataJungle Software Inc., a Nevada corporation (together with its successors and assigns, the “Company”), with an address at 1 Hines Road, Suite 202, Ottawa, Ontario K2K 3C7, and Phillip Zrymiak (the “Holder”) with an address at 21 Avonlea Road, Nepean, Ontario K2G 0J4, agree as follows:

WHEREAS, on the date hereof, the Company’s wholly owned Canadian subsidiary, DataJungle Ltd. (DJL), issued a Secured Promissory Note pursuant to which DJL promised to pay the Holder a principal amount of One Hundred Thousand Canadian Dollars ($100,000) and to pay interest thereon at a rate of 12% per annum;

NOW THEREFORE, BE IT RESOLVED, that the Company and Holder, intending to be legally bound, hereby agree as follows:

1.

Grant of Common Stock

1.1.

In consideration of the Holder’s loan to DJL, the Company hereby agrees to grant One Hundred Thousand (100,000) shares of the Company’s common stock, par value $0.001 (the “Common Stock”) to the Holder.

1.2

Unless a registration statement under the Securities Act of 1933, as amended, with respect to the shares of Common Stock granted pursuant to Section 1.1 hereof has been filed with the Securities and Exchange Commission, each share granted pursuant to Section 1.1 hereof shall be restricted and stamped or otherwise imprinted with a legend substantially in the following form:

“THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”), OR APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS IT HAS BEEN REGISTERED UNDER THE 1933 ACT AND SUCH LAWS OR AN EXCEPTION FROM REGISTRATION IS AVAILABLE.”

1.3

The Company shall agree to issue the Holder piggyback registration rights for the Common Shares, whereby the Company will use best efforts to register these shares for resale by the Holder on the first applicable Registration Statement filed by the Company with the U.S. Securities & Exchange Commission.  The Company makes no representation or warranties as to its ability to have any registration statement declared effective.  In the event the Company is advised by the staff of the SEC, or any applicable self-regulatory or state securities agency that the inclusion of the shares will prevent, preclude or materially delay the effectiveness of a registration statement filed, the Company, in good faith, may amend such registration statement to exclude the Shares without otherwise affecting the Holder’s rights to any other registration statement.

2.

Governing Law.  This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Nevada, without giving effect to principles of conflicts of law and choice of law that would cause the laws of any other jurisdiction to apply.  

IN WITNESS WHEREOF, the parties hereby cause this Agreement to be duly executed and delivered by its authorized officers, as of the date first above written.

DataJungle Software Inc.

By:  /s/ Edward Munden

       Name:  Edward J. Munden

       Title:    Chief Executive Officer

By:  /s/ Larry Bruce

       Name:  Larry Bruce

       Title:    Chief Financial Officer

By:  /s/ Phillip Zrymiak

       Phillip Zrymiak

2

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