Document:

No.
      2006-1

    $
      

    

    MAGNUM
      D’OR RESOURCES, INC.,

    8%
      CONVERTIBLE NOTE

    DUE
      JANUARY 31, 2008

    

    MAGNUM
      D’OR RESOURCES, INC., a Nevada corporation (the "Company"), promises to pay to
      Ed Rucinski or registered assigns, the principal sum of $ 50,000 (or, if this
      Note is amended, such lesser or greater amounts as shall be indicated on
      Schedule A, to be attached) on January 31, 2008, subject to the further
      provisions of this Note as set forth on the pages that follow, which further
      terms, conditions and provisions shall for all purposes have the same effect
      as
      if set forth at this place.

    

    Interest
      Payment Dates: Semi Annually, on June 1 and December 1 commencing June 1,
      2007

    

    IN
      WITNESS WHEREOF, MAGNUM D’OR RESOURCES, INC. has caused this Note to be signed
      manually or by facsimile by its duly authorized officers and a facsimile of
      its
      corporate seal to be affixed hereto or imprinted hereon.

    

     

    
      	Dated: January 9, 2007	
              MAGNUM D’OR RESOURCES, INC.

               

               

               

              By:
                Chad Curtis Its president 

               

               

               

              SECRETARY'S
                CERTIFICATE

            

    

     

    I
      certify
      as to the authority of the above-signed officers to execute this Note, by
      authority of a plenary resolution duly adopted by its board of directors, on
      behalf of the Company as its free and voluntary act and deed; and I further
      certify as to the authenticity and enforceability of this Note.

     

    
      	 	 

              ______________________________________

              Corporate
                Secretary and Authorized Signatory

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    UNLESS
      THIS DEBHENTURE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE REGISTERED
      HOLDER TO MAGNUM D’OR RESOURCES, INC. (THE "COMPANY") OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SUBSEQUENT NOTE OR
      CERTIFICATE ISSUED IS REGISTERED IN THE NAME THE HOLDER, ASSIGNEE OF HOLDER
      OR
      TRANSFEREE OF HOLDER OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
      REPRESENTATIVE OF THE REGISTERED HOLDER, (AND ANY PAYMENT IS MADE TO HOLDER
      OR
      TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
      REGISTERED HOLDER) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
      OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
      HEREOF HAS AN INTEREST HEREIN.

     

    ANY
      TRANSFER OR ASSIGNMENT OF THIS NOTE SHALL NOT BE LIMITED TO TRANSFERS IN WHOLE,
      BUT MAY ALSO BE MADE IN PART, TO NOMINEES OF THE REGISTERED HOLDER OR TO A
      SUCCESSOR THEREOF, OR SUCH SUCCESSOR'S NOMINEE AND SUBSEQUENT TRANSFERS OF
      THIS
      NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
      SET
      FORTH IN THE TERMS, CONDITIONS AND OR PROVISIONS HEREINAFTER SET
      FORTH.

    

    THIS
      DEBENTURE AND THE SECURITIES INTO WHICH IT IS CONVERTIBLE (COLLECTIVELY,
      THE “SECURITIES”), HAVE NOT BEEN REGISTERED WITH THE UNITED STATES SECURITIES
      AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE. THE
      SECURITIES ARE BEING OFFERED PURSUANT TO A SAFE HARBOR FROM REGISTRATION UNDER
      REGULATION D PROMULGATED UNDER THE SECURITIES ACT OF 1933. AS AMENDED (THE
      “ACT”). THE SECURITIES ARE “RESTRICTED”
AND
      MAY
      NOT OFFERED OR SOLD UNLESS THE SECURITIES ARE REGISTERED UNDER THE ACT OR
      TRANSFERRED PURSUANT TO REGULATION D OR PURSUANT TO AVAILABLE EXEMPTIONS FROM
      REGISTRATION REQUIREMENTS OF THE ACT. FURTHER HEDGING TRANSACTIONS INVOLVINGF
      THE SECURITIES MAY NOT BE MADE EXCEPT IN COMPLIANCE WITH THE ACT. 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    TERMS,
      CONDITIONS AND PROVISIONS

    OF

    MAGNUM
      D’OR RESOURCES, INC.

    

    8%
      CONVERTIBLE NOTE

    DUE
      1/31/2008

    

    1.
      INTEREST. MAGNUM D’OR RESOURCES, INC., a Nevada corporation (the "Company"),
      promises to pay interest on the principal amount of this Note at the rate of
      8%
      per annum. The Company will pay interest semi annually ) on each June 1, and
      December 1, (each an "Interest payment Date"), commencing June 1,
      2007

    

    Interest
      on this Note will accrue from the most recent date to which interest has been
      paid, or if no interest has been paid, from and including the date hereof.
      Interest will be computed on the basis of a 360-day year of twelve 30-day
      months. To the extent lawful, the Company shall pay interest (including
      post-petition interest in any proceeding under any Bankruptcy Law, to the extent
      allowed under such Bankruptcy Law) on overdue installments of interest (without
      regard to any applicable grace period) at the rate borne by the Note, compounded
      semi-annually. If the Company fails to make a payment of interest on the Note,
      it shall pay such defaulted interest plus any interest payable on the defaulted
      interest, at the same rate as payable on the Note.

    

    2.
      METHOD
      OF PAYMENT. The Company will pay interest on the Note. including defaulted
      interest, if any, in accordance with the following terms and provisions, to
      the
      registered holder of the Note at the close of business on the relevant Interest
      Payment Date other than with respect to the principal amount or portion thereof
      called for redemption on a redemption date, or repurchased in connection with
      a
      Change of Control on a repurchase date, during the period from the close of
      business (Florida time) on the Business Day prior to the Interest payment Date
      to (but excluding) the beginning of business on the next Business Day following
      the Interest Payment Date, in which case accrued interest shall be payable,
      unless such Note is converted, to the transferee holder of the Note or portion
      thereof redeemed or repurchased in accordance with the applicable redemption
      or
      repurchase provisions). The registered holders must surrender the Note to the
      Company to collect principal payments. The Company will pay principal and
      interest in money of the United States that at the time of payment is legal
      tender for payment of public and private debts. The Company may pay principal
      and interest by check payable in such money, and may mail such check to the
      holder's registered address; provided that all payments with respect to which
      the holder has given wire transfer instructions to the Company. at least five
      (5) Business Days prior to the applicable interest Payment Date will be required
      to be made by wire transfer of immediately available funds to the transfer
      account specified by the holder.

    

    3.
      PAYING
      AGENT. REGISTRAR AND CONVERSION AGENT, Initially, the Company will act as Paying
      Agent, Registrar and Conversion Agent. The Company may change any Paying Agent,
      Registrar, co-registrar or Conversion Agent without prior notice. The Company
      or
      any of its Affiliates may act in any such capacity.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4.
      GENERAL OBLIGATION. The Company issued the Note in accordance with the Terms,
      Conditions and Provisions herein stated. The Note is an unsecured general
      obligation of the Company, limited in principal amount to $ 50,000. Terms of
      the
      Note include those stated herein and those made part hereof by applicable state
      and federal law. The Note is subject to, and qualified by, all such Terms,
      Condition and Provisions contained herein. .

    

    5.
      SENIORITY. The payment of the principal of, interest on, or any other amounts
      due with respect to the Note is senior in right of payment to all subordinated
      unsecured indebtedness of the Company. Upon any distribution of assets of the
      Company upon any dissolution, winding up, liquidation or reorganization, the
      payment of the principal of, or premium, if any, and interest on, the Note
      is
      senior to the extent provided herein in right of payment to the prior payment
      of
      any subordinated indebtedness.

    

    6.
      REPURCHASE AT THE OPTION OF THE HOLDER. If there is a Change of Control, the
      Company shall be required to offer to purchase on the Change of Control payment
      Date all, of the outstanding balance on the Note at a cash purchase price equal
      to 120% of the principal amount thereof plus accrued and unpaid interest and
      Liquidated Damages, if any, to the Change of Control Payment Date. The holder's
      acceptance of repurchase is subject to the terms of the Change of Control Offer
      that the Company shall deliver to the holder within 30 days after the date
      of
      the Change of Control. The holder may elect to have the Note or portions thereof
      in authorized denominations purchased by completing the form entitled "Option
      of
      Holder to Elect Purchase" appearing below. Holder has the right to withdraw
      its
      election by delivering a written notice of withdrawal to the Company or the
      Paying Agent in accordance with the terms of the Agreement

    

    7.
      OPTIONAL REDEMPTION. The Note will be subject to redemption at the option of
      the
      Company, in whole or in part (in any integral multiple of $10.000), upon prior
      notice of not less than 14 nor more than 30 calendar days, at the following
      redemption prices (expressed as percentages of the principal amount), together
      with accrued interest to the date of redemption.

    

    

      
        	
                Redemption
                  Period.

              	 	
                Price

              	 
	
                 

              	 	 	 
	
                Date
                  of Issuance to March 31, 2007 

              	 	 	
                125

              	
                %

              
	
                April
                  1, 2007 to September 30, 2007 

              	 	 	
                120

              	
                %

              
	
                October
                  1, 2007 to January 1, 2008 

              	 	 	
                115

              	
                %

              
	
                January
                  2, 2008 to date of Redemption

              	 	 	
                100

              	
                %

              

      

    in
      each
      case together with accrued but unpaid interest and Liquidated Damages, if any,
      to the redemption date (subject to the right of the holder to receive interest
      due on an Interest Payment Date that is on or prior to such Redemption Date).
      On
      or after the redemption date, interest will cease to accrue on the Note, or
      portion thereof, called for redemption, unless the Company defaults in its
      obligations with respect thereto.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    8.
      NOTICE
      OF REDEMPTION. Notice of redemption will be mailed, by first-class mail, at
      least 14 but not more than 30 calendar days prior to the date fixed for
      redemption to the holder at holder's last address of record on the books of
      the
      Registrar. The Note may be redeemed in part but only in integral multiples
      of
      $10,000. In the event of redemption of less than the entire Note, the remaining
      balance of principal on the Note will be recertificated by the Registrar in
      accordance with the terms of the Agreement. if the Note is redeemed subsequent
      to an Interest Payment Date, then any accrued interest will be paid to the
      holder of record registered at the close of business on such Interest Payment
      Date.

    

    9.
      CONVERSION. The Note will be subject to conversion at the option of the holder,
      exercisable at any time until the close of business (Florida time) on the date
      of the Note's maturity. Upon such election, the principal amount of the Note
      (or
      any portion thereof that is an integral multiple of $10,000) shall be converted
      into fully paid and non-assessable whole shares of Common Stock at a Conversion
      Price per share that is equal to the average closing bid price of the Common
      Stock during the five (5) consecutive trading days immediately preceding the
      date the holder completes the four items described below, discounted by fifty
      percent (50%), close of business on the Business Day immediately preceding
      the
      date fixed for redemption. except that if a Note is called for redemption,
      the
      conversion right will terminate at: the close of business on the Business Day
      immediately preceding the date fixed for redemption. Anything to the contrary
      herein contained notwithstanding, the Holder of the Note may not convert any
      portion of the Note, which if converted would result in the Holder owning of
      record or beneficially more the 4.9% of the issued and outstanding common Shares
      of the Company at the time of such conversion 

    .
      

    To
      convert the Note, the holder must (1) complete and sign a conversion notice
      substantially in the form set forth below, (2) surrender the Note to a
      Conversion Agent, (3) furnish appropriate endorsements or transfer documents
      if
      required by the Registrar or Conversion Agent and (4) pay any transfer or
      similar tax, if required. The number of shares issuable upon conversion of
      a
      Note is determined by dividing the principal amount of the Note converted by
      the
      Conversion price in effect on the Conversion Date. No fractional shares will
      be
      issued upon conversion but a cash adjustment will be made for any fractional
      interest.

    

    If
      the
      holder has delivered an "Option of Holder to Elect Purchase" Form, appearing
      below, to exercise the option of such holder to require the Company to purchase
      such Note in the event of a Change of Central, then the Note may be converted
      only if the notice of exercise is withdrawn as provided above. 

    

    10.
      WARRANT RIGHTS (CONDITIONAL). In the event the Company (a) has paid in full
      the
      principal amount of the Note and all interest accrued thereon prior to January
      31, 2008, or (b) called the Note for redemption, but the holder has not elected
      to exercise the conversion rights described above prior to the close of business
      on the Business Day immediately preceding the date fixed for redemption, then
      the holder shall have an irrevocable right to receive fifty thousand (50,000)
      three year warrants to purchase Common Stock at an exercise price per share
      that
      is equal to the lower of the average closing price of the Common Stock during
      the ten (10) consecutive trading days immediately preceding such warrant
      exercise, discounted by fifty percent (50 %) or $1,00 per share

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    11.
      REGISTRATION RIGHTS. The Company has agreed (a) it will, at its sole cost,
      within 180 days after the date of the execution and delivery of the Note file
      a
      Registration Statement with the Securities and Exchange Commission (the "SEC")
      with respect to resale’s of the Common Stock issuable upon conversion of the
      Note thereof, (b) it will use its best efforts to cause the Registration
      Statement to be declared effective by the SEC prior to September 30, 2007 (c)
      the Company will use its best efforts to cause the Registration Statement to
      be
      maintained continuously effective under the Securities Act, subject to certain
      exceptions, until one year following the conversion date of the Common Stock
      certificate issuance, or such earlier date as of which all of the Common Stock
      issuable upon conversion has been sold pursuant to such Registration
      Statement.

    

    If
      for
      any reason, other then an act of the Note Holder, (a) the Company fails to
      file
      the Registration Statement required by the Agreement on or before the date
      specified above for such filing, or (b) such. Registration Statement is not
      declared effective by the SEC on or prior to the date specified above for such
      effectiveness, or (c) the Registration Statement is declared effective but
      thereafter ceases to be effective or usable in connection with resales of the
      Common Stock issuable upon conversion (each such event referred to in clauses
      (a) through (c) above a "Registration Default"), then the Company will pay
      liquidated damages to the holder at the end of each 45 day period immediately
      following the occurrence of the first such Registration Default and each.
      successive 45 day period thereafter until cured, by issuing to the holder an
      amount of Common Stock equal to five percent (5%) of the total shares issued
      upon conversion, utilizing the minimum conversion price of $1.00 per share
      ("liquidated Damages") Following either the cure of all Registration Defaults
      or
      the expiration of one year from the conversion date, the accrual of Liquidated
      Damages will cease.

    

    12.
      PERSONS DEEMED OWNERS. The registered holder of the Note may be treated as
      its
      owner for all purposes.

    

    13.
      UNCLAIMED MONEY. If money for the payment of principal of, or interest on the
      Note, or Liquidated Damages, if any, with respect to registration of the Common
      Stock issuable upon conversion remains unclaimed for two years, the Registrar
      and/or the Paying Agent shall pay the money back to the Company at its written
      request. After that, the Note holder entitled to the money must look to the
      Company far payment unless the applicable abandoned property law designates
      another Person and, in either case, all liability of the Registrar and the
      Paying Agent with respect to such money shall cease.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    15.
      DEFAULTS AND REMEDIES- The following shall be deemed Events of Default, which,
      at the option of the Note Holder, will cause the Note to become immediately
      and
      payable:

    

    
      	 	
              (a)
                

            	
              If
                the Company shall default in the payment or prepayment of any part
                of the
                principal of any of the Notes after the same shall become due and
                payable,
                whether at maturity or at a date fixed for prepayment or by acceleration
                or otherwise, and such default shall continue for more than 30 days;
                or

            

    

     

    
      	 	
              (b)
                

            	
              If
                the Company shall default in the payment of any installment of interest
                on
                any of the Notes for more than 30 days after the same shall become
                due and
                payable; or

            

    

     

    
      	 	
              (c)
                

            	
              If
                the Company shall make an assignment for the benefit of creditors;
                or

            

    

     

    
      	 	
              (d)
                

            	
              If
                the Company shall dissolve; terminate its existence; become insolvent
                on a
                balance sheet basis; commence a voluntary case under the federal
                bankruptcy laws or under any other federal or state law relating
                to
                insolvency or debtor’s relief; permit the entry of a decree or order for
                relief against the Company in an involuntary case under the federal
                bankruptcy laws or under any other applicable federal or state law
                relating to insolvency or debtor’s relief; permit the appointment or
                consent to the appointment of a receiver, trustee, or custodian of
                the
                Company or of any of the Company’s property; make an assignment for the
                benefit of creditors; or

            

    

    

    
      	 	
              (e)
                

            	
              If
                the Company shall default in the performance of or compliance with
                any
                agreement, condition or term contained in this Note or any of the
                other
                Notes and such default shall not have been cured within 30 days after
                such
                default; or

            

    

    

    
      	 	
              (f)
                

            	
              Any
                of the representations or warranties made by the Company herein,
                in the
                Subscription Agreement, or in any certificate or financial or other
                statements heretofore or hereafter furnished by or on behalf of the
                Company in connection with the execution and delivery of this Note
                or the
                Subscription Agreement shall be false or misleading in any material
                respect at the time made;

            

    

     

    
      

      
        	 	
                (g)  

              	
                
                  Failure
                    to redeem the Note, if required, pursuant to the provisions of
                    Paragraph 6
                    hereof; or

                

              

      

       

    

    
      
        

        
          	 	
                  (h) 

                	
                  
                    The
                      Company, willfully, fails and refuses to file the Registration
Statement
                      required to be filed pursuant to the provisions Paragraph 11
                      hereof,
                      and/or willfully fails and refuses to cause the Registration
                      Statement to
                      be maintained effective under the Securities Act for a period
                      of one year,
                      if so required

                  

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

    If
      an
      Event of Default occurs and is continuing the Holder by notice to the Company
      may declare the Note to be due and payable immediately. Moreover, in the case
      of
      an Event of Default arising from certain events of bankruptcy or insolvency
      as
      specified in the Agreement, the Note shall become due and payable immediately
      without further action or notice. The Company shall have 10 days, after notice,
      in which to cure such Event of Default.

    

    The
      Holder by written notice to the Company may rescind an acceleration and its
      consequences if the rescission would not conflict with any judgment or decree
      and if all existing Events of Default have been cured or waived. 

    

    16.
      AMENDMENTS, SUPPLEMENTS AND WAIVERS. The Note or the Agreement may he amended
      or
      supplemented with the holder's consent (including consents obtained in
      connection with a tender offer or exchange offer for the Note), and any existing
      default may be waived with the holder's consent. Without the holder's consent,
      the Note may be amended to cure any ambiguity, defect or inconsistency, to
      provide for assumption of the Company's obligations to holders, to reduce the
      Conversion Price, to make any change that does not adversely affect the holder's
      rights, to make any changes to or add to the Company's covenants for the
      holder's benefit, to qualify the Agreement under any applicable law, or to
      comply with SEC requirements.

    

    Without
      the holder's consent, an amendment, supplement or waiver of the Note or the
      Agreement may not: (a) reduce the principal amount of the Note; (b) reduce
      the
      rate of or change the time for payment of interest on the Note; (c) reduce
      the
      principal of or change the fixed maturity of the Note or alter the redemption
      provisions herein of the Note; (d) make the principal of, or premium, if my,
      or
      interest on, the Note payable in money other than as provided for in the Note
      and the Agreement; (f) make any change in the amendment and waiver provisions
      of
      the Note and the Agreement; (f) make any change in the provisions of the
      Agreement relating to waivers of past defaults or the Note holder's rights
      to
      receive payments of principal. of, or premium, if any, or interest on, or the
      satisfaction of Liquidated Damages (if any) on the Common Stock issuable upon
      conversion of, the Note; (g) waive a default in the payment of principal of,
      or
      premium, if any, or interest on, or Liquidated Damages (if any) on the Common
      Stock issuable upon conversion of, the Note (except a rescission of acceleration
      of the Note by the holder and a waiver of the Payment Default that resulted
      from
      such acceleration); 01) waive a redemption payment with respect to the Note
      (other than a payment required pursuant to the Agreement; or (h) modify the
      provisions of the Agreement relating to conversion or subordination of the
      Note
      in a manner adverse to the holder, except as permitted by the
      Agreement.

    

    17.
      REGISTRAR/PAYING AGENT'S DEALINGS WITH THE COMPANY, The Registrar or Paying
      Agent in its individual or any other capacity, may become the owner or pledgee
      of the Note and may otherwise deal with the Company or an Affiliate of the
      Company with the same rights it would have as if it were not acting in such
      capacity, subject to certain limitations provided for in the Agreement or by
      law. Any Agent may do the same with like rights.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    18.
      NO
      RECOURSE AGAINST OTHERS. A director, officer, employee or shareholder of the
      Company, as such, shall not have any liability for any obligations of the
      Company under the Note. By accepting the Note, the holder waives and releases
      all such liability. This waiver and release explicitly are made a part of the
      consideration for the issuance of the Note.

    

    GOVERNING
      LAW The internal laws of the state of Texas shall govern the Note and the
      Agreement without regard to conflict of law provisions thereof

    

    20.
      AUTHENTICATION. The Note shall not be valid until authenticated by the manual
      signature of the Trustee, or an authenticating agent, as an authorized
      signatory.

    

    21.
      ABBREVIATIONS, Customary abbreviations may be used in the name of a holder
      or an
      assignee. Far example, "TEN COM" means "tenants in common", "TEN ENT" means
      "tenants by the entireties", "JT TEN" means "joint tenants with right of
      survivorship and not as tenants in common", "GUST" means "Custodian", and
      "UIGIMIA" and "UGMA" mean "Uniform Gifts to Miners Act".

     

    22.
      COPY
      OF TERMS CONDITIONS AND PROVISIONS. The Company agrees to furnish to an assignee
      or transferee holder of the Note, upon written request and without charge,
      a
      copy of these Terms, Conditions and Provisions. Request may be made
      to:

     

    

    MAGNUM
      D’OR RESOURCES, INC.

    Telephone
      

    Facsimile:
      

    Attention:
      Chad Curtis 

    

    The
      Company and the Note holder agree to be bound by the Terms, Conditions and
      Provisions above written and have hereby, respectively set their hands and
      seals
      this 9 th day of January, 2007.

    

    .
      
        	 	 

                Magnum
                  D’or Resources, Inc. 

                

                By______________________

                Chad
                  Curtis, President

                

                _________________________

                Ed
                  Rucinski, Note Holder

              

      

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

    

    FORM
      OF
      TRANSFER CERTIFICATE 

    FOR
      TRANSFER FROM NOTE

    TO
      CERTIFICATED SECURITY

    

    

    Re:
      MAGNUM D’OR RESOURCES, INC. 8% Convertible Note due January 31, 2008 (the
      "Note")

    

    Reference
      is hereby made to the Note and Terms, Conditions and Provisions affixed thereto
      dated as of December , 2006 between Magnum D’or Resources, Inc., as Issuer, and
      as Holder. .

    

    This
      letter relates to U.S. $ , the principal amount of the Note, which is held
      in
      the Form of the Rule 144A Note with the Holder in the name of (the” Transferor")
      to effect the transfer of the Note.

    

    In
      connection with such request, and in respect of such Note, the Transferor does
      hereby certify that such Note is being transferred (i) in accordance with.
      the
      transfer restrictions set forth in the Note and (ii) to a transferee that the
      Transferor reasonably believes is an "accredited investor" (as defined in Rule
      501(a)(1), (2), (3),(4) or (7) of Regulation D under the Securities Act of
      1933)
      and is acquiring at least $ in principal amount of the Note for its own account
      or for one or more accounts as to which the transferee exercises sole investment
      discretion and (iii) in accordance with applicable securities laws of any state
      of the United States or any other jurisdiction.

    

    [Name
      of
      Transferor]

    

    By:

    Name:

    Title:

    Dated:No.
      2006-1

    $
      

    

    MAGNUM
      D’OR RESOURCES, INC.,

    8%
      CONVERTIBLE NOTE

    DUE
      JANUARY 31, 2008

    

    MAGNUM
      D’OR RESOURCES, INC., a Nevada corporation (the "Company"), promises to pay to
      A
      Perfect Time For A Change, Inc. or registered assigns, the principal sum of
      $
      100,000 (or, if this Note is amended, such lesser or greater amounts as shall
      be
      indicated on Schedule A, to be attached) on January 31, 2008, subject to the
      further provisions of this Note as set forth on the pages that follow, which
      further terms, conditions and provisions shall for all purposes have the same
      effect as if set forth at this place.

    

    Interest
      Payment Dates: Semi Annually, on June 1 and December 1 commencing June 1,
      2007

    

    IN
      WITNESS WHEREOF, MAGNUM D’OR RESOURCES, INC. has caused this Note to be signed
      manually or by facsimile by its duly authorized officers and a facsimile of
      its
      corporate seal to be affixed hereto or imprinted hereon.

    

    
      	Dated: January 9, 2007	MAGNUM D’OR RESOURCES, INC.
              

              

              

              By:
                Chad Curtis Its president 

              

              

               

              

              SECRETARY'S
                CERTIFICATE

            

    

     

    I
      certify
      as to the authority of the above-signed officers to execute this Note, by
      authority of a plenary resolution duly adopted by its board of directors, on
      behalf of the Company as its free and voluntary act and deed; and I further
      certify as to the authenticity and enforceability of this Note.

     

    
      	 	______________________________________
              Corporate
                Secretary and Authorized Signatory

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    UNLESS
      THIS DEBHENTURE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE REGISTERED
      HOLDER TO MAGNUM D’OR RESOURCES, INC. (THE "COMPANY") OR ITS AGENT FOR
      REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SUBSEQUENT NOTE OR
      CERTIFICATE ISSUED IS REGISTERED IN THE NAME THE HOLDER, ASSIGNEE OF HOLDER
      OR
      TRANSFEREE OF HOLDER OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
      REPRESENTATIVE OF THE REGISTERED HOLDER, (AND ANY PAYMENT IS MADE TO HOLDER
      OR
      TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
      REGISTERED HOLDER) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
      OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
      HEREOF HAS AN INTEREST HEREIN.

    

    ANY
      TRANSFER OR ASSIGNMENT OF THIS NOTE SHALL NOT BE LIMITED TO TRANSFERS IN WHOLE,
      BUT MAY ALSO BE MADE IN PART, TO NOMINEES OF THE REGISTERED HOLDER OR TO A
      SUCCESSOR THEREOF, OR SUCH SUCCESSOR'S NOMINEE AND SUBSEQUENT TRANSFERS OF
      THIS
      NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
      SET
      FORTH IN THE TERMS, CONDITIONS AND OR PROVISIONS HEREINAFTER SET
      FORTH.

    

    THIS
      DEBENTURE AND THE SECURITIES INTO WHICH IT IS CONVERTIBLE (COLLECTIVELY,
      THE “SECURITIES”), HAVE NOT BEEN REGISTERED WITH THE UNITED STATES SECURITIES
      AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE. THE
      SECURITIES ARE BEING OFFERED PURSUANT TO A SAFE HARBOR FROM REGISTRATION UNDER
      REGULATION D PROMULGATED UNDER THE SECURITIES ACT OF 1933. AS AMENDED (THE
      “ACT”). THE SECURITIES ARE “RESTRICTED”
AND
      MAY
      NOT OFFERED OR SOLD UNLESS THE SECURITIES ARE REGISTERED UNDER THE ACT OR
      TRANSFERRED PURSUANT TO REGULATION D OR PURSUANT TO AVAILABLE EXEMPTIONS FROM
      REGISTRATION REQUIREMENTS OF THE ACT. FURTHER HEDGING TRANSACTIONS INVOLVINGF
      THE SECURITIES MAY NOT BE MADE EXCEPT IN COMPLIANCE WITH THE ACT. 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    TERMS,
      CONDITIONS AND PROVISIONS

    OF

    MAGNUM
      D’OR RESOURCES, INC.

    

    8%
      CONVERTIBLE NOTE

    DUE
      1/31/2008

    

    1.
      INTEREST. MAGNUM D’OR RESOURCES, INC., a Nevada corporation (the "Company"),
      promises to pay interest on the principal amount of this Note at the rate of
      8%
      per annum. The Company will pay interest semi annually ) on each June 1, and
      December 1, (each an "Interest payment Date"), commencing June 1,
      2007

    

    Interest
      on this Note will accrue from the most recent date to which interest has been
      paid, or if no interest has been paid, from and including the date hereof.
      Interest will be computed on the basis of a 360-day year of twelve 30-day
      months. To the extent lawful, the Company shall pay interest (including
      post-petition interest in any proceeding under any Bankruptcy Law, to the extent
      allowed under such Bankruptcy Law) on overdue installments of interest (without
      regard to any applicable grace period) at the rate borne by the Note, compounded
      semi-annually. If the Company fails to make a payment of interest on the Note,
      it shall pay such defaulted interest plus any interest payable on the defaulted
      interest, at the same rate as payable on the Note.

    

    2.
      METHOD
      OF PAYMENT. The Company will pay interest on the Note. including defaulted
      interest, if any, in accordance with the following terms and provisions, to
      the
      registered holder of the Note at the close of business on the relevant Interest
      Payment Date other than with respect to the principal amount or portion thereof
      called for redemption on a redemption date, or repurchased in connection with
      a
      Change of Control on a repurchase date, during the period from the close of
      business (Florida time) on the Business Day prior to the Interest payment Date
      to (but excluding) the beginning of business on the next Business Day following
      the Interest Payment Date, in which case accrued interest shall be payable,
      unless such Note is converted, to the transferee holder of the Note or portion
      thereof redeemed or repurchased in accordance with the applicable redemption
      or
      repurchase provisions). The registered holders must surrender the Note to the
      Company to collect principal payments. The Company will pay principal and
      interest in money of the United States that at the time of payment is legal
      tender for payment of public and private debts. The Company may pay principal
      and interest by check payable in such money, and may mail such check to the
      holder's registered address; provided that all payments with respect to which
      the holder has given wire transfer instructions to the Company. at least five
      (5) Business Days prior to the applicable interest Payment Date will be required
      to be made by wire transfer of immediately available funds to the transfer
      account specified by the holder.

    

    3.
      PAYING
      AGENT. REGISTRAR AND CONVERSION AGENT, Initially, the Company will act as Paying
      Agent, Registrar and Conversion Agent. The Company may change any Paying Agent,
      Registrar, co-registrar or Conversion Agent without prior notice. The Company
      or
      any of its Affiliates may act in any such capacity.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4.
      GENERAL OBLIGATION. The Company issued the Note in accordance with the Terms,
      Conditions and Provisions herein stated. The Note is an unsecured general
      obligation of the Company, limited in principal amount to $ 50,000. Terms of
      the
      Note include those stated herein and those made part hereof by applicable state
      and federal law. The Note is subject to, and qualified by, all such Terms,
      Condition and Provisions contained herein. .

    

    5.
      SENIORITY. The payment of the principal of, interest on, or any other amounts
      due with respect to the Note is senior in right of payment to all subordinated
      unsecured indebtedness of the Company. Upon any distribution of assets of the
      Company upon any dissolution, winding up, liquidation or reorganization, the
      payment of the principal of, or premium, if any, and interest on, the Note
      is
      senior to the extent provided herein in right of payment to the prior payment
      of
      any subordinated indebtedness.

    

    6.
      REPURCHASE AT THE OPTION OF THE HOLDER. If there is a Change of Control, the
      Company shall be required to offer to purchase on the Change of Control payment
      Date all, of the outstanding balance on the Note at a cash purchase price equal
      to 120% of the principal amount thereof plus accrued and unpaid interest and
      Liquidated Damages, if any, to the Change of Control Payment Date. The holder's
      acceptance of repurchase is subject to the terms of the Change of Control Offer
      that the Company shall deliver to the holder within 30 days after the date
      of
      the Change of Control. The holder may elect to have the Note or portions thereof
      in authorized denominations purchased by completing the form entitled "Option
      of
      Holder to Elect Purchase" appearing below. Holder has the right to withdraw
      its
      election by delivering a written notice of withdrawal to the Company or the
      Paying Agent in accordance with the terms of the Agreement

    

    7.
      OPTIONAL REDEMPTION. The Note will be subject to redemption at the option of
      the
      Company, in whole or in part (in any integral multiple of $10.000), upon prior
      notice of not less than 14 nor more than 30 calendar days, at the following
      redemption prices (expressed as percentages of the principal amount), together
      with accrued interest to the date of redemption.

    

    

      
        	
                Redemption
                  Period.

              	 	
                Price

              	 
	
                 

              	 	 	 
	
                Date
                  of Issuance to March 31, 2007 

              	 	 	
                125

              	
                %

              
	
                April
                  1, 2007 to September 30, 2007 

              	 	 	
                120

              	
                %

              
	
                October
                  1, 2007 to January 1, 2008 

              	 	 	
                115

              	
                %

              
	
                January
                  2, 2008 to date of Redemption

              	 	 	
                100

              	
                %

              

      

    in
      each
      case together with accrued but unpaid interest and Liquidated Damages, if any,
      to the redemption date (subject to the right of the holder to receive interest
      due on an Interest Payment Date that is on or prior to such Redemption Date).
      On
      or after the redemption date, interest will cease to accrue on the Note, or
      portion thereof, called for redemption, unless the Company defaults in its
      obligations with respect thereto.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    8.
      NOTICE
      OF REDEMPTION. Notice of redemption will be mailed, by first-class mail, at
      least 14 but not more than 30 calendar days prior to the date fixed for
      redemption to the holder at holder's last address of record on the books of
      the
      Registrar. The Note may be redeemed in part but only in integral multiples
      of
      $10,000. In the event of redemption of less than the entire Note, the remaining
      balance of principal on the Note will be recertificated by the Registrar in
      accordance with the terms of the Agreement. if the Note is redeemed subsequent
      to an Interest Payment Date, then any accrued interest will be paid to the
      holder of record registered at the close of business on such Interest Payment
      Date.

    

    9.
      CONVERSION. The Note will be subject to conversion at the option of the holder,
      exercisable at any time until the close of business (Florida time) on the date
      of the Note's maturity. Upon such election, the principal amount of the Note
      (or
      any portion thereof that is an integral multiple of $10,000) shall be converted
      into fully paid and non-assessable whole shares of Common Stock at a Conversion
      Price per share that is equal to the average closing bid price of the Common
      Stock during the five (5) consecutive trading days immediately preceding the
      date the holder completes the four items described below, discounted by fifty
      percent (50%), close of business on the Business Day immediately preceding
      the
      date fixed for redemption. except that if a Note is called for redemption,
      the
      conversion right will terminate at: the close of business on the Business Day
      immediately preceding the date fixed for redemption. Anything to the contrary
      herein contained notwithstanding, the Holder of the Note may not convert any
      portion of the Note, which if converted would result in the Holder owning of
      record or beneficially more the 4.9% of the issued and outstanding common Shares
      of the Company at the time of such conversion 

    .
      

    To
      convert the Note, the holder must (1) complete and sign a conversion notice
      substantially in the form set forth below, (2) surrender the Note to a
      Conversion Agent, (3) furnish appropriate endorsements or transfer documents
      if
      required by the Registrar or Conversion Agent and (4) pay any transfer or
      similar tax, if required. The number of shares issuable upon conversion of
      a
      Note is determined by dividing the principal amount of the Note converted by
      the
      Conversion price in effect on the Conversion Date. No fractional shares will
      be
      issued upon conversion but a cash adjustment will be made for any fractional
      interest.

    

    If
      the
      holder has delivered an "Option of Holder to Elect Purchase" Form, appearing
      below, to exercise the option of such holder to require the Company to purchase
      such Note in the event of a Change of Central, then the Note may be converted
      only if the notice of exercise is withdrawn as provided above. 

    

    10.
      WARRANT RIGHTS (CONDITIONAL). In the event the Company (a) has paid in full
      the
      principal amount of the Note and all interest accrued thereon prior to January
      31, 2008, or (b) called the Note for redemption, but the holder has not elected
      to exercise the conversion rights described above prior to the close of business
      on the Business Day immediately preceding the date fixed for redemption, then
      the holder shall have an irrevocable right to receive one hundred thousand
      (100,000) three year warrants to purchase Common Stock at an exercise price
      per
      share that is equal to the lower of the average closing price of the Common
      Stock during the ten (10) consecutive trading days immediately preceding such
      warrant exercise, discounted by fifty percent (50 %) or $1,00 per
      share

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    11.
      REGISTRATION RIGHTS. The Company has agreed (a) it will, at its sole cost,
      within 180 days after the date of the execution and delivery of the Note file
      a
      Registration Statement with the Securities and Exchange Commission (the "SEC")
      with respect to resale’s of the Common Stock issuable upon conversion of the
      Note thereof, (b) it will use its best efforts to cause the Registration
      Statement to be declared effective by the SEC prior to September 30, 2007 (c)
      the Company will use its best efforts to cause the Registration Statement to
      be
      maintained continuously effective under the Securities Act, subject to certain
      exceptions, until one year following the conversion date of the Common Stock
      certificate issuance, or such earlier date as of which all of the Common Stock
      issuable upon conversion has been sold pursuant to such Registration
      Statement.

    

    If
      for
      any reason, other then an act of the Note Holder, (a) the Company fails to
      file
      the Registration Statement required by the Agreement on or before the date
      specified above for such filing, or (b) such. Registration Statement is not
      declared effective by the SEC on or prior to the date specified above for such
      effectiveness, or (c) the Registration Statement is declared effective but
      thereafter ceases to be effective or usable in connection with resales of the
      Common Stock issuable upon conversion (each such event referred to in clauses
      (a) through (c) above a "Registration Default"), then the Company will pay
      liquidated damages to the holder at the end of each 45 day period immediately
      following the occurrence of the first such Registration Default and each.
      successive 45 day period thereafter until cured, by issuing to the holder an
      amount of Common Stock equal to five percent (5%) of the total shares issued
      upon conversion, utilizing the minimum conversion price of $1.00 per share
      ("liquidated Damages") Following either the cure of all Registration Defaults
      or
      the expiration of one year from the conversion date, the accrual of Liquidated
      Damages will cease.

    

    12.
      PERSONS DEEMED OWNERS. The registered holder of the Note may be treated as
      its
      owner for all purposes.

    

    13.
      UNCLAIMED MONEY. If money for the payment of principal of, or interest on the
      Note, or Liquidated Damages, if any, with respect to registration of the Common
      Stock issuable upon conversion remains unclaimed for two years, the Registrar
      and/or the Paying Agent shall pay the money back to the Company at its written
      request. After that, the Note holder entitled to the money must look to the
      Company far payment unless the applicable abandoned property law designates
      another Person and, in either case, all liability of the Registrar and the
      Paying Agent with respect to such money shall cease.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    15.
      DEFAULTS AND REMEDIES- The following shall be deemed Events of Default, which,
      at the option of the Note Holder, will cause the Note to become immediately
      and
      payable:

    

    
      	 	
              (a)
                

            	
              If
                the Company shall default in the payment or prepayment of any part
                of the
                principal of any of the Notes after the same shall become due and
                payable,
                whether at maturity or at a date fixed for prepayment or by acceleration
                or otherwise, and such default shall continue for more than 30 days;
                or

            

    

     

    
      	 	
              (b)
                

            	
              If
                the Company shall default in the payment of any installment of interest
                on
                any of the Notes for more than 30 days after the same shall become
                due and
                payable; or

            

    

     

    
      	 	
              (c)
                

            	
              If
                the Company shall make an assignment for the benefit of creditors;
                or

            

    

     

    
      	 	
              (d)
                

            	
              If
                the Company shall dissolve; terminate its existence; become insolvent
                on a
                balance sheet basis; commence a voluntary case under the federal
                bankruptcy laws or under any other federal or state law relating
                to
                insolvency or debtor’s relief; permit the entry of a decree or order for
                relief against the Company in an involuntary case under the federal
                bankruptcy laws or under any other applicable federal or state law
                relating to insolvency or debtor’s relief; permit the appointment or
                consent to the appointment of a receiver, trustee, or custodian of
                the
                Company or of any of the Company’s property; make an assignment for the
                benefit of creditors; or

            

    

    

    
      	 	
              (e)
                

            	
              If
                the Company shall default in the performance of or compliance with
                any
                agreement, condition or term contained in this Note or any of the
                other
                Notes and such default shall not have been cured within 30 days after
                such
                default; or

            

    

    

    
      	 	
              (f)
                

            	
              Any
                of the representations or warranties made by the Company herein,
                in the
                Subscription Agreement, or in any certificate or financial or other
                statements heretofore or hereafter furnished by or on behalf of the
                Company in connection with the execution and delivery of this Note
                or the
                Subscription Agreement shall be false or misleading in any material
                respect at the time made;

            

    

    
      

      
        	 	
                (g)  

              	
                
                  Failure
                    to redeem the Note, if required, pursuant to the provisions of
                    Paragraph 6
                    hereof; or

                

              

      

      
        

        
          	 	
                  (h)

                	
                  
                    The
                      Company, willfully, fails and refuses to file the Registration
Statement
                      required to be filed pursuant to the provisions Paragraph 11
                      hereof,
                      and/or willfully fails and refuses to cause the Registration
                      Statement to
                      be maintained effective under the Securities Act for a period
                      of one year,
                      if so required

                  

                

        

        
If
          an
          Event of Default occurs and is continuing the Holder by notice to the Company
          may declare the Note to be due and payable immediately. Moreover, in the
          case of
          an Event of Default arising from certain events of bankruptcy or insolvency
          as
          specified in the Agreement, the Note shall become due and payable immediately
          without further action or notice. The Company shall have 10 days, after
          notice,
          in which to cure such Event of Default.

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

    

    The
      Holder by written notice to the Company may rescind an acceleration and its
      consequences if the rescission would not conflict with any judgment or decree
      and if all existing Events of Default have been cured or waived. 

    

    16.
      AMENDMENTS, SUPPLEMENTS AND WAIVERS. The Note or the Agreement may he amended
      or
      supplemented with the holder's consent (including consents obtained in
      connection with a tender offer or exchange offer for the Note), and any existing
      default may be waived with the holder's consent. Without the holder's consent,
      the Note may be amended to cure any ambiguity, defect or inconsistency, to
      provide for assumption of the Company's obligations to holders, to reduce the
      Conversion Price, to make any change that does not adversely affect the holder's
      rights, to make any changes to or add to the Company's covenants for the
      holder's benefit, to qualify the Agreement under any applicable law, or to
      comply with SEC requirements.

    

    Without
      the holder's consent, an amendment, supplement or waiver of the Note or the
      Agreement may not: (a) reduce the principal amount of the Note; (b) reduce
      the
      rate of or change the time for payment of interest on the Note; (c) reduce
      the
      principal of or change the fixed maturity of the Note or alter the redemption
      provisions herein of the Note; (d) make the principal of, or premium, if my,
      or
      interest on, the Note payable in money other than as provided for in the Note
      and the Agreement; (f) make any change in the amendment and waiver provisions
      of
      the Note and the Agreement; (f) make any change in the provisions of the
      Agreement relating to waivers of past defaults or the Note holder's rights
      to
      receive payments of principal. of, or premium, if any, or interest on, or the
      satisfaction of Liquidated Damages (if any) on the Common Stock issuable upon
      conversion of, the Note; (g) waive a default in the payment of principal of,
      or
      premium, if any, or interest on, or Liquidated Damages (if any) on the Common
      Stock issuable upon conversion of, the Note (except a rescission of acceleration
      of the Note by the holder and a waiver of the Payment Default that resulted
      from
      such acceleration); 01) waive a redemption payment with respect to the Note
      (other than a payment required pursuant to the Agreement; or (h) modify the
      provisions of the Agreement relating to conversion or subordination of the
      Note
      in a manner adverse to the holder, except as permitted by the
      Agreement.

    

    17.
      REGISTRAR/PAYING AGENT'S DEALINGS WITH THE COMPANY, The Registrar or Paying
      Agent in its individual or any other capacity, may become the owner or pledgee
      of the Note and may otherwise deal with the Company or an Affiliate of the
      Company with the same rights it would have as if it were not acting in such
      capacity, subject to certain limitations provided for in the Agreement or by
      law. Any Agent may do the same with like rights.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    18.
      NO
      RECOURSE AGAINST OTHERS. A director, officer, employee or shareholder of the
      Company, as such, shall not have any liability for any obligations of the
      Company under the Note. By accepting the Note, the holder waives and releases
      all such liability. This waiver and release explicitly are made a part of the
      consideration for the issuance of the Note.

    

    GOVERNING
      LAW The internal laws of the state of Texas shall govern the Note and the
      Agreement without regard to conflict of law provisions thereof

    

    20.
      AUTHENTICATION. The Note shall not be valid until authenticated by the manual
      signature of the Trustee, or an authenticating agent, as an authorized
      signatory.

    

    21.
      ABBREVIATIONS, Customary abbreviations may be used in the name of a holder
      or an
      assignee. Far example, "TEN COM" means "tenants in common", "TEN ENT" means
      "tenants by the entireties", "JT TEN" means "joint tenants with right of
      survivorship and not as tenants in common", "GUST" means "Custodian", and
      "UIGIMIA" and "UGMA" mean "Uniform Gifts to Miners Act".

     

    22.
      COPY
      OF TERMS CONDITIONS AND PROVISIONS. The Company agrees to furnish to an assignee
      or transferee holder of the Note, upon written request and without charge,
      a
      copy of these Terms, Conditions and Provisions. Request may be made
      to:

     

    

    MAGNUM
      D’OR RESOURCES, INC.

    Telephone
      

    Facsimile:
      

    Attention:
      Chad Curtis 

    

    The
      Company and the Note holder agree to be bound by the Terms, Conditions and
      Provisions above written and have hereby, respectively set their hands and
      seals
      this 9 th day of January, 2007.

    

    
      	 	Magnum
              D’or Resources, Inc. 
              

              By_______________________

               Chad
                Curtis, President

              

              A
                Perfect Time For A Change, Inc.,

               

              By______________________

               Waylon
                McMullen, attorney in fact, Note
                Holder

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    FORM
      OF
      TRANSFER CERTIFICATE 

    FOR
      TRANSFER FROM NOTE

    TO
      CERTIFICATED SECURITY

    

    

    Re:
      MAGNUM D’OR RESOURCES, INC. 8% Convertible Note due January 31, 2008 (the
      "Note")

    

    Reference
      is hereby made to the Note and Terms, Conditions and Provisions affixed thereto
      dated as of December , 2006 between Magnum D’or Resources, Inc., as Issuer, and
      as Holder. .

    

    This
      letter relates to U.S. $ , the principal amount of the Note, which is held
      in
      the Form of the Rule 144A Note with the Holder in the name of (the” Transferor")
      to effect the transfer of the Note.

    

    In
      connection with such request, and in respect of such Note, the Transferor does
      hereby certify that such Note is being transferred (i) in accordance with.
      the
      transfer restrictions set forth in the Note and (ii) to a transferee that the
      Transferor reasonably believes is an "accredited investor" (as defined in Rule
      501(a)(1), (2), (3),(4) or (7) of Regulation D under the Securities Act of
      1933)
      and is acquiring at least $ in principal amount of the Note for its own account
      or for one or more accounts as to which the transferee exercises sole investment
      discretion and (iii) in accordance with applicable securities laws of any state
      of the United States or any other jurisdiction.

    

    [Name
      of
      Transferor]

    

    By:

    Name:

    Title:

    Dated:

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