Document:

ex46.htm

    Exhibit
      4.6

    METASwarm, Inc. - Convertible Loan
      Agreement   

    

    Convertible
      Loan Agreement

    2007-9-3

    

    
      	
              Borrower:

            	
              METASwarm,
                Inc. (“METASwarm”)

            

    

     

    
      	
              Loaner

            	
              [_______________]

            

    

    

    
      	
              1

            	
              Summary

            

    

            In
      order to meet its business development requirement in China, METASwarm, Inc.
      (US
      Stock Market listed company, code MSWM.PK) has necessity to borrow a bridging
      loan from [________]; and [_______] then agrees to provide such short-term
      loan
      to METASwarm. Upon friendly discussion and consultation, both parties reach
      the
      following loan agreement:

    

    
      	
              2

            	
              Loan
                Amount & Payment
                Date

            

    

    The
      total
      amount of the loan is RMBxxx (approx. US$xxx) and [______] will remit the loan
      according to the following schedule to the bank account of Beijing InfoSure
      Information Technology Ltd. (hereafter “Beijing InfoSure”, and the bank account
      detail see Appendix) in China assigned by METASwarm:

     

    
      	
              2.1  

            	
              The
                first installment is RMB[_______] (approx. US$[____]) and payable
                by
                September 3, 2007;

            

    

     

    
      	
              2.2  

            	
              The
                balance of the loan, i.e. RMB[_______] (approx. US$[______]) to be
                paid by
                the end of September 30, 2007 in
                installments.

            

    

    

    
      	
              3

            	
              Terms
                of the Loan

            

    

     

    
      	
              3.1  

            	
              The
                term of the loan is six (6) months, from the date of each loan arriving
                InfoSure assigned bank account. [_______] may request METASwarm earlier
                return of the loan, and upon METASwarm’s agreement, the loan may be repaid
                prior to the expiration.

            

    

     

    
      	
              3.2  
                

            	
              Upon
                the expiration of the loan
                by sixth (6th) months, in addition to the loan, METASwarm shall provide
                [______] with a bonus equivalent to 50% of the amount of the loan,
                and all
                to be paid in one repayment to
                [_______];

            

    

     

    
      	
              3.3  
                

            	
              Upon
                the expiration of the loan
                by sixth (6th) months, besides cash repayment, [________] may choose
                to
                convert each amount of the returned loan and the eligible bonus,
                using the
                following respective pricing calculation, to METASwarm’s free-trade stock
                listed in US Stock market:

            

    

     

    The
      amount of loan: Using the closing stock price prior to the agreement signing
      date, i.e. US$0.23 per common share;

     

    The
      amount of Bonus: Using 150% of the closing stock price prior to the
      agreement signing date, i.e. US$0.345 per share.

     

    
      	
              3.4  
                

            	
              [_______]
                may request METASwarm
                to repay the loan before the expiration of the loan if necessary,
                and upon
                METASwarm’s agreement, METASwarm shall repay the loan as requested before
                the schedule, plus the bonus calculated by using the following
                formulae:

            

    

     

    Repayment
      within three months, the eligible bonus shall be equivalent to 20% of the amount
      of the loan;

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    Repayment
      within four months, the eligible bonus shall be equivalent to 30% of the amount
      of the loan;

     

    Repayment
      within five months, the eligible bonus shall be equivalent to 40% of the amount
      of the loan;

     

     

    Should
      the loan and bonus be repaid to [______] prior to the six months term, the
      right
      to convert the loan and bonus to METASwarm, Inc. is waived.

     

    
      	
              3.5  
                

            	
              Shall[_______]
                choose to convert
                the total amount of the loan and eligible bonus into METASwarm’s listed
                free-trade stocks, METASwarm shall honor and comply with the terms
                and
                conditions stipulated in this agreement and assist [______] to complete
                such conversion within a reasonable time
                frame;

            

    

     

    
      	
              4

            	
              Breach
                of the
                Agreement

            

    

     

    
      	
              4.1  
                

            	
              No
                exercise or failure to exercise or delay in exercising any right
                power or
                remedy vested in any party under or pursuant to this Agreement shall
                constitute a breach of the agreement, except that no party hereto
                shall be
                liable for failures or delays in performing their obligations hereunder
                arising from any cause of force majeure, provided that the party
                affected
                notice the other parties in time,

            

    

     

    
      	
              4.2  
                

            	
              The
                default party shall
                be responsible
                for
                all direct economical damage of the other non-default parties caused
                by
                such breach.

            

    

     

    
      	
              5

            	
              Confidentiality

            

    

     

     This
      agreement is a confidential document belongs to all parties involved. Except
      with another party’s written consent, any party shall not disclose the content
      and information of the agreement to any third party.

     

    
      	
              6

            	
              Others

            

    

     

    
      	
              6.1  
                

            	
              This
                agreement is governed by the law of the People’s Republic of
                China;

            

    

     

    
      	
              6.2  

            	
               This
                agreement is written
                in both Chinese
                and
                English languages
                with equal
                authoritative.
                However, in case of any dispute, Chinese version prevailed.

            

    

     

    
      	
              6.3  
                

            	
              This
                agreement is with three original copies. Each party holds one original
                copy which is with exactly the same legal
                effectiveness;

            

    

     

    
      	
              6.4  
                

            	
              This
                agreement has been
                thoroughly reviewed, fully understood and duly signed to be effective
                by
                their representatives of both
                parties.

            

    

     

    Borrower:

    
 

    METASwarm,
      Inc.                                                                                     

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    

     

    

    
      
        

      

    

    Mr.
      Marvin Shannon – Chairman and CEO

     

    Loaner:

     

    
 

    
      
        

      

    

    China
      ID
      No. :

     

    Witness:

    

     

    
      
        

      

    

    China
      ID
      No. :

    

    
 

     

    3ex47.htm

    Exhibit
      4.7

     

    Convertible
      Note

     

    
      
        	Amount:  US$xxx         	
                Dated:  September
                  11, 2007

              
	Shares:        xxx	
                Lender:
                  xxx

              

      

    

     

    THIS
      PROMISSORY NOTE is entered into on
      this 11th day of September 2007 (this "Agreement"), by and among MetaSwarm,
      Inc., a Florida corporation ("Borrower"), and xxx, ("Lender").

    
 

    WHEREAS,
      on or about the 11th day of
      September, 2007, Borrower executed this Promissory Note payable to Lender in
      the
      original principal amount of xxx dollars ($xxx.00) (hereinafter the "Promissory
      Note"); and

    

    WHEREAS,
      In connection with execution
      of the Promissory Note, Borrower agrees to provide for Conversion of the
      Promissory Note into Restricted Common Shares of Stock of Borrower;

    

    AGREEMENT

    

    NOW,
      THEREFORE, for and in
      consideration of the mutual covenants and agreements set forth in this
      Agreement, and for other good and valuable consideration, the receipt, and
      adequacy of which are hereby acknowledged by all parties hereto, Borrower and
      Lender agree to the Promissory Note provisions as set forth herein
      below.

    

    Acknowledgment
      of obligations under
      Promissory Note. Borrower hereby acknowledges and agrees that Lender funded
      to
      Borrower the Principal Amount as defined herein, that Borrower actually received
      the Principal Amount from Lender and that Borrower has not repaid any portion
      of
      the Principal Amount nor any installment of interest due thereon to Lender.
      Borrower further acknowledges and agrees that the Promissory Note, inclusive
      of
      the Principal Amount and all interest accrued thereon from the date of the
      execution thereof through the date hereof remains unpaid, constitutes a valid
      and existing debt obligation of Borrower, that Borrower has no defenses to
      its
      obligation to pay the Principal Amount and all interest accrued thereon from
      the
      date of the execution thereof through the date hereof and that Borrower has
      no
      right to any offsets or other deductions therefrom.

     

     

    FOR
      VALUE RECEIVED, MetaSwarm, Inc., the Borrower, subject to the terms and
      conditions herein, to repay the value of xxx dollars ($xxx); as set forth by
      the
      terms of Conversion below:

    

    

    
      	
               

            	
              1.
                Terms of Conversion

            

    

     

    The
      Promissory Note will be converted at the expiry of a period of  three
      (3) months from the date of this Note (the "Maturity Date") into such number
      of
      restricted common shares of the Borrower (the "Shares") as determined by
      dividing the principal amount of the Note to be converted by the conversion
      price of US$0.16 per share; with additional bonus shares as determined by
      dividing 50% of the principal amount of the Note to be converted by the
      conversion price of US$0.24 per share. The debt evidence by the Promissory
      Note
      shall then be considered paid in full with no further recourse.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    
 

    Dilution
      restrictions will apply, and all shareholders will participate proportionally
      in
      any stock splits, recapitalizations or distributions as determined by the
      shareholders.

    

    This
      Promissory Note is not transferable except with the written consent of the
      Borrower.

    

    The
      Borrower hereby acknowledges and covenants that the benefit of the covenants,
      obligations and conditions on the part of or binding upon it contained in this
      Note shall endure to the Lender.

    

    The
      Lender shall have a right to request the Borrower to issue such Shares converted
      under Clause 1 to any nominee as directed by the Lender.

    

    All
      funds
      shall be made in US$ (or other currency as agreed by the parties) in cleared
      funds on the due date for payment to a bank account specified by the relevant
      party.

    

    Notwithstanding
      anything in this Note to the contrary, the obligations of the Borrower under
      this Note shall be absolute and the Borrower expressly and unconditionally
      waives any and all rights to offset, deduct or withhold any payments or charges
      due under this Note for any reason whatsoever.

    

    If
      the
      Borrower shall fail to pay when due any sums payable hereunder and such failure
      shall remain unremedied for a period of ten business days after notice thereof
      shall have been given to the Borrower by the Lender, then the Lender may, at
      its
      sole option, declare all sums owing under this Note immediately due and
      payable.

    

    The
      acceptance by any Note Holder of this Note of any payment that is less than
      the
      total of all amounts due and payable at the time of such payment shall not
      constitute a waiver of such holders rights or remedies at the time or at any
      subsequent time, without the express written consent of such holder, except
      as
      and to the extent otherwise provided by law.

    

    This
      Note
      may be waived, changed, modified or discharged only by an agreement in writing
      signed by the party against whom enforcement of any waiver, change, modification
      or discharge is sought.

    

    This
      Note
      shall be construed and enforced in accordance with, and governed by, the laws
      of  the state of Florida (USA).

    

    All
      notices required or desired to be given hereunder shall be given in writing
      and
      signed by the party so giving notice, and shall be effective when delivered
      to
      the party or upon certified receipt of courier or overnight carrier if sent
      by
      commercial overnight carrier and addressed as set forth below.  A
      notice not given by overnight carrier in the manner described in the preceding
      sentence shall be deemed given if and when actually received by the party to
      whom it is given.

    

    
      	
            	
              To
                Lender:

            	
              name

            

      	 	 	address

      	 	 	city,
              state zip

      	 	 	SSN:                      xxx

    

     

    
      	
            	
              To
                the Company:

            	
              MetaSwarm,
                Inc.

            

      	 	 	530
              S. Lake Ave., #186

      	 	 	Pasadena,
              CA 91101

      	 	 	 

    

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
 

    If
      any
      provision of this Note, or the application hereof to any circumstance, is found
      to be unenforceable, invalid or illegal, such provision shall be deemed to
      be
      deleted from this Note or not applicable to such circumstance, as the case
      may
      be, and the remainder of this Note shall not be affected or impaired
      thereby.

    

    

    
      	
              MetaSwarm,
                Inc.:

            	 	
              Lender:

            
	 	 	 
	
              Marvin
                Shannon

              Chairman
                and CEO

            	 	
              name

            
	
              9/11/2007

            	 	
              9/11/2007

            
	
              Date

            	 	
              Date

            

    

     

    

     

    3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}]]