Document:

REGISTRATION
      RIGHTS AGREEMENT

     

    This
      Registration Rights Agreement (this “Agreement”)
      is
      made and entered into as of August 22, 2007, by and between Interstate Data
      USA,
      Inc., a Delaware corporation (the “Company”),
      and
      the purchaser that has executed the signature page of this Agreement (the
“Purchaser”).

     

    Preliminary
      Statements

     

    The
      Purchaser has purchased Units (the “Units”)
      of the
      Company, each Unit consisting of one share of the Company’s 8% Series A
      convertible preferred stock, par value $0.001 per share (the “Series
      A Preferred Stock”),
      and
      one callable warrant to purchase one share of Common Stock (the “Warrant”).
      The
      Units were purchased pursuant to that certain subscription agreement entered
      into between the Purchaser and the Company (the “Subscription
      Agreement”).
      The
      Company has agreed to grant the Purchaser certain registration rights in
      accordance with the terms of this Agreement. Therefore, in consideration of
      the
      mutual promises and covenants set forth herein, the parties agree as
      follows:

     

    1. Definitions.
      As used
      in this Agreement, the following terms shall have the following
      meanings:

     

    “Commission”
means
      the Securities and Exchange Commission.

     

    “Common
      Stock”
means
      shares of the Company’s common stock, par value $0.001 per share.

     

    “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended, and any successor
      statute.

     

    “Holder”
or
      “Holders”
means
      the Purchaser or Purchasers or any of their affiliates or transferees to the
      extent any of them hold Registrable Securities.

     

    “Indemnified
      Party”
shall
      have the meaning set forth in Section 5(b).

     

    “Indemnifying
      Party”
shall
      have the meaning set forth in Section 5(b).

     

    “Proceeding”
means
      an action, claim, suit, investigation or proceeding (including, without
      limitation, an investigation or partial proceeding, such as a deposition),
      whether commenced or threatened. 

     

    “Prospectus”
means
      the prospectus included in the Registration Statement (including, without
      limitation, a prospectus that includes any information previously omitted from
      a
      prospectus filed as part of an effective registration statement in reliance
      upon
      Rule 430A promulgated under the Securities Act), as amended or supplemented
      by
      any prospectus supplement, with respect to the terms of the offering of any
      portion of the Registrable Securities covered by the Registration Statement,
      and
      all other amendments and supplements to the Prospectus, including post-effective
      amendments, and all material incorporated by reference or deemed to be
      incorporated by reference in such Prospectus. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    “Registrable
      Securities”
means
      the shares of Common Stock underlying the Series A Preferred Stock purchased
      as
      a portion of the Units, or purchased upon exercise of the Warrants contained
      in
      the Units, or other securities of the Company or any other issuer or issuable
      in
      respect of such shares (because of stock splits, stock dividends,
      reclassifications, recapitalizations, mergers, combinations or similar events,
      if applicable); provided, however, that the shares of Common Stock which are
      Registrable Securities shall cease to be Registrable Securities upon any sale
      or
      transfer of such shares pursuant to a Registration Statement, Section 4(1)
      of
      the Securities Act, Rule 144 under the Securities Act or otherwise.

     

    “Registration
      Statement”
means
      a
      registration statement filed by the Company with the Commission on any
      registration form prescribed by the Commission permitting a secondary offering
      or distribution, other than on Form S-4, Form S-8 or similar forms.

     

    “Rule
      144”
means
      Rule 144 promulgated by the Commission pursuant to the Securities Act, as such
      Rule may be amended from time to time, or any similar rule or regulation
      hereafter adopted by the Commission having substantially the same effect as
      such
      Rule. 

     

    “Securities
      Act”
means
      the Securities Act of 1933, as amended, and any successor statute.

     

    “Series
      A Preferred Stock”
      means
      the Company’s 8% Series A convertible preferred stock, par value $0.001 per
      share, which rights and preferences are evidenced by a Certificate Of
      Designation of 8% Series A Convertible Preferred Stock and Qualifications,
      Limitations And Restrictions thereof approved by the Company’s board of
      directors on May 15, 2007.

     

    “Trading
      Market”
means
      any of the Pink Sheets LLC electronic quotation service, NASD OTC Bulletin
      Board, NASDAQ Global Select Market, NASDAQ Global Market, NASDAQ Capital Market,
      American Stock Exchange or the New York Stock Exchange.

     

    “Warrants”
means
      the Common Stock purchase warrants issued by the Company.

     

    2. Piggyback
      Registration.
      

     

    (a) At
      any
      time and from time to time after the date of this Agreement, whenever the
      Company proposes to file a Registration Statement, the Company will prior to
      such filing give written notice to Purchaser of its intention to do so and,
      upon
      the written request of Purchaser given within thirty (30) days after the Company
      provides such notice, the Company shall use its good faith efforts to cause
      all
      Registrable Securities which the Company has been requested by Purchaser to
      register to be registered under the Securities Act to the extent necessary
      to
      permit their sale or other disposition in accordance with the intended methods
      of distribution specified in the request of Purchaser; provided that the Company
      shall have the right to postpone or withdraw any registration effected pursuant
      to this Section 2 without obligation or liability to Purchaser. In the
      Purchaser’s request, the Purchaser will be required to describe briefly its
      proposed disposition of the Registrable Securities. However, in connection
      with
      any registration under Section 2, the Purchaser’s Registrable Securities shall
      be junior and subordinate to any registration rights granted by the Company
      which are already outstanding.

     

    
      
         

      

      
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    (b) In
      connection with any registration under Section 2 involving a firm commitment
      underwritten offering of the Company’s securities, the Company shall not be
      required to include any Registrable Securities in such underwriting unless
      Purchaser accepts the terms of the underwriting as agreed upon between the
      Company and the underwriters selected by it applicable to the Purchaser’s sale
      of the Registrable Securities, and then only in such quantity as will not,
      in
      the sole discretion of the underwriters, jeopardize the success of the offering
      by the Company. Additionally, the Purchaser agrees that if requested by an
      underwriter in connection with an underwritten offering of the Company’s Common
      Stock or other securities, it will execute a lock-up agreement not to sell
      or
      otherwise transfer or dispose of any of the Registrable Securities for a
      specified period of time before or after the effective date of the registration
      statement and understands that such lock-up agreement is required to be in
      writing in a form satisfactory to the Company and any such underwriter. If
      in
      the sole discretion of the managing underwriter or underwriters the registration
      of all, or part of, the Registrable Securities which Purchaser has requested
      to
      be included would adversely affect such public offering, then the Company shall
      be required to include in the underwriting only that number of Registrable
      Securities, if any, which the managing underwriter or underwriters believe
      may
      be sold without causing such adverse effect. If the number of Registrable
      Securities to be included in the underwriting in accordance with the foregoing
      is less than the total number of shares which Purchaser has requested to be
      included, then Purchaser and each participant other than the Company in such
      underwriting shall participate in the underwriting pro rata based upon their
      total ownership of Registrable Securities. Any such limitation shall be imposed
      in such manner so as to avoid any diminution in the number of shares the Company
      may register for sale by giving first priority for the shares to be registered
      for issuance and sale by the Company and the underwriter, and by giving second
      priority for the shares to be registered for sale by any holder of Registrable
      Securities pursuant to the terms of this Agreement.

     

    (c) In
      connection with any registration under Section 2 involving a selling stockholder
      registration statement or any other registration statement not involving a
      firm
      commitment underwritten offering of the Company’s securities, the Company
      reserves the right to include only that number of Registrable Securities, if
      any, as it shall determine in its reasonable discretion, may be sold without
      jeopardizing the success of the offering or having adverse effect on the
      offering. If the number of Registrable Securities to be included in the offering
      in accordance with the foregoing is less than the total number of shares which
      Purchaser has requested to be included, then Purchaser and each participant
      other than the Company in such offering shall participate in the offering pro
      rata based upon their total ownership of Registrable Securities. Any such
      limitation shall be imposed in such manner so as to avoid any diminution in
      the
      number of shares the Company may register for sale by giving first priority
      for
      the shares to be registered for issuance and sale by the Company, and by giving
      second priority for the shares to be registered for sale by any holder of
      Registrable Securities pursuant to the terms of this Agreement. 

     

    
      
         

      

      
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    3. Registration
      Procedures.
      When
      the Company proposes to effect the registration of any of the Registrable
      Securities under the Securities Act, the Company shall: 

     

    (a) furnish
      to the Purchaser such number of copies of the Registration Statement and the
      Prospectus included therein (including each preliminary Prospectus) as the
      Purchaser reasonably may request to facilitate the public sale or disposition
      of
      the Registrable Securities covered by the Registration Statement;

     

    (b) use
      its
      commercially reasonable efforts to register or qualify the Purchaser’s
      Registrable Securities covered by the Registration Statement under the
      securities or “blue sky” laws of such jurisdictions within the United States as
      the Purchaser may reasonably request, provided, however, that the Company shall
      not for any such purpose be required to qualify generally to transact business
      as a foreign corporation in any jurisdiction where it is not so qualified or
      to
      consent to general service of process in any such jurisdiction; and

     

    (c) list
      the
      Registrable Securities covered by the Registration Statement with any Trading
      Market on which the Common Stock of the Company is then listed. 

     

    4. Registration
      Expenses.
      All
      expenses relating to the Company’s compliance with Sections 2 and 3 hereof,
      including, without limitation, all registration and filing fees, printing
      expenses, fees and disbursements of counsel and independent public accountants
      for the Company, fees and expenses (including reasonable counsel fees) incurred
      in connection with complying with state securities or “blue sky” laws, fees of
      the NASD, transfer taxes, fees of transfer agents and registrars are called
      “Registration Expenses”. All selling commissions applicable to the sale of
      Registrable Securities, including any fees and disbursements of any counsel
      to
      the Holders, are called “Selling Expenses” and shall be the responsibility of
      the Purchasers. The Company shall only be responsible for all Registration
      Expenses.

     

    
      
         

      

      
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    5. Indemnification.

     

    (a) In
      the
      event of a registration of the Registrable Securities, the Holder (subject
      to
      the provisions of Section 5(b)) will indemnify and hold harmless the Company,
      and its officers, directors and each other person, if any, who controls the
      Company within the meaning of the Securities Act, against all losses, claims,
      damages or liabilities, joint or several, to which the Company or such persons
      may become subject under the Securities Act, the Exchange Act or otherwise,
      insofar as such losses, claims, damages or liabilities (or actions in respect
      thereof) arise out of or are based upon: (i) any untrue statement or alleged
      untrue statement of any material fact which was furnished in writing by the
      Holder to the Company expressly for use in (and such information is contained
      in) the Registration Statement under which such Registrable Securities were
      registered under the Securities Act pursuant to this Agreement, any preliminary
      Prospectus or final Prospectus contained therein, or any amendment or supplement
      thereof, or arise out of or are based upon the omission or alleged omission
      to
      state therein a material fact required to be stated therein or necessary to
      make
      the statements therein not misleading, and will reimburse the Company and each
      such person for any reasonable legal or other expenses incurred by them in
      connection with investigating or defending any such loss, claim, damage,
      liability or action, provided, however, that such Holder will be liable in
      any
      such case if and only to the extent that any such loss, claim, damage or
      liability arises out of or is based upon said Holder’s untrue statement or
      alleged untrue statement or omission or alleged omission so made in conformity
      with information furnished in writing to the Company by or on behalf of said
      Holder specifically for use in any such document, or (ii) in connection with
      a
      Holder’s sale of Registrable Securities, including without limitation alleged
      violations of Regulation M. Notwithstanding the provisions of this paragraph,
      no
      Holder shall be required to indemnify any person or entity in excess of the
      amount of the aggregate net proceeds received by said Holder in respect of
      Registrable Securities in connection with any such registration under the
      Securities Act.

     

    (b) In
      the
      event of a registration of the Registrable Securities, the Company (subject
      to
      the provisions of Section 5(c)) will indemnify and hold harmless the Purchaser,
      and its officers, directors and each other person, if any, who controls the
      Purchaser within the meaning of the Securities Act, against all losses, claims,
      damages or liabilities, joint or several, to which the Purchaser or such persons
      may become subject under the Securities Act, the Exchange Act or otherwise,
      insofar as such losses, claims, damages or liabilities (or actions in respect
      thereof) arise out of or are based upon: (i) any untrue statement or alleged
      untrue statement of any material fact contained in the Registration Statement
      under which such Registrable Securities were registered under the Securities
      Act
      pursuant to this Agreement, any preliminary Prospectus or final Prospectus
      contained therein, or any amendment or supplement thereof, or arise out of
      or
      are based upon the omission or alleged omission to state therein a material
      fact
      required to be stated therein or necessary to make the statements therein not
      misleading, and will reimburse the Purchaser and each such person for any
      reasonable legal or other expenses incurred by them in connection with
      investigating or defending any such loss, claim, damage, liability or action,
      provided, however, that the Company will be liable in any such case if and
      only
      to the extent that any such loss, claim, damage or liability arises out of
      or is
      based upon the Company’s untrue statement or alleged untrue statement or
      omission or alleged omission in the Registration Statement in connection with
      a
      Holder’s sale of Registrable Securities, including without limitation alleged
      violations of Regulation M. Notwithstanding the provisions of this paragraph,
      the Company shall not be required to indemnify any person or entity in excess
      of
      the amount of the aggregate net proceeds received by the Company from such
      Purchaser in respect of the sale of the Registrable Securities.

     

    
      
         

      

      
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    (c) Promptly
      after receipt by a party entitled to claim indemnification hereunder (an
“Indemnified Party”) of notice of the commencement of any action, such
      Indemnified Party shall, if a claim for indemnification in respect thereof
      is to
      be made against a party hereto obligated to indemnify such Indemnified Party
      (an
“Indemnifying Party”), notify the Indemnifying Party in writing thereof, but the
      omission so to notify the Indemnifying Party shall not relieve it from any
      liability which it may have to such Indemnified Party other than under this
      Section 5(c) and shall only relieve it from any liability which it may have
      to
      such Indemnified Party under this Section 5(c) if and to the extent the
      Indemnifying Party is prejudiced by such omission. In case any such action
      shall
      be brought against any Indemnified Party and it shall notify the Indemnifying
      Party of the commencement thereof, the Indemnifying Party shall be entitled
      to
      participate in and, to the extent it shall wish, to assume and undertake the
      defense thereof with counsel reasonably satisfactory to such Indemnified Party,
      and, after notice from the Indemnifying Party to such Indemnified Party of
      its
      election so to assume and undertake the defense thereof, the Indemnifying Party
      shall not be liable to such Indemnified Party under this Section 5(c) for any
      legal expenses subsequently incurred by such Indemnified Party in connection
      with the defense thereof; if the Indemnified Party retains its own counsel,
      then
      the Indemnified Party shall pay all fees, costs and expenses of such counsel,
      provided, however, that, if the defendants in any such action include both
      the
      Indemnified Party and the Indemnifying Party and if counsel shall have
      reasonably concluded that there may be reasonable defenses available to the
      Indemnified Party which are different from or additional to those available
      to
      the Indemnifying Party or if the interests of the Indemnified Party reasonably
      may be deemed to conflict with the interests of the Indemnifying Party in either
      case which would prohibit such counsel from representing both parties under
      applicable conflicts of interest rules of professional ethics, the Indemnified
      Party shall have the right to select one separate counsel and to assume such
      legal defenses and otherwise to participate in the defense of such action,
      with
      the reasonable expenses and fees of such separate counsel and other expenses
      related to such participation to be reimbursed by the Indemnifying Party as
      incurred. Neither party shall settle any proceeding for which indemnification
      is
      sought without the written consent of the other party, which shall not be
      unreasonably withheld.

     

    
      
         

      

      
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    (d)
       Notwithstanding
      any provision of this Agreement to the contrary, each Holder shall be treated
      individually and separately from all other Holders under this Section 5, and
      will not become the subject of any obligation under this Section 5 as a result
      of any action, failure to act, statement, omission, or otherwise of any other
      Holder hereunder.

     

    6. Miscellaneous.

     

    (a) Remedies.
      In the
      event of a breach by the Company or by a Holder, of any of their respective
      obligations under this Agreement, each Holder or the Company, as the case may
      be, in addition to being entitled to exercise all rights granted by law and
      under this Agreement, including recovery of damages, will be entitled to
      specific performance of its rights under this Agreement. 

     

    (b) Compliance.
      The
      Purchaser covenants and agrees that it (i) will comply with the prospectus
      delivery requirements of the Securities Act as applicable to it in connection
      with sales of Registrable Securities pursuant to the Registration Statement
      and
      (ii) promptly furnish to the Company all information required to be disclosed
      in
      the Registration Statement and Prospectus concerning the Purchaser (including
      information in order to make the information previously furnished to the Company
      by such Purchaser not misleading) and any other information regarding such
      Purchaser and the distribution of such Registrable Securities as the Company
      may
      from time to time reasonably request.

     

    (c) Discontinued
      Disposition.
      The
      Holder agrees by its acquisition of such Registrable Securities that, upon
      receipt of a notice from the Company of the occurrence of a Discontinuation
      Event (as defined below), it will forthwith discontinue disposition of such
      Registrable Securities under the applicable Registration Statement until such
      Holder’s receipt of the copies of the supplemented Prospectus and/or amended
      Registration Statement or until it is advised in writing (the “Advice”) by the
      Company that the use of the applicable Prospectus may be resumed, and, in either
      case, has received copies of any additional or supplemental filings that are
      incorporated or deemed to be incorporated by reference in such Prospectus or
      Registration Statement. The Company may provide appropriate stop orders to
      enforce the provisions of this paragraph. For purposes of this Section 6(c),
      a
“Discontinuation Event” shall mean (i) when the Commission notifies the Company
      whether there will be a “review” of such Registration Statement and whenever the
      Commission comments in writing on such Registration Statement (the Company
      shall
      provide true and complete copies thereof and all written responses thereto
      to
      each of the Holders); (ii) any request by the Commission or any other Federal
      or
      state governmental authority for amendments or supplements to such Registration
      Statement or Prospectus or for additional information; (iii) the issuance by
      the
      Commission of any stop order suspending the effectiveness of such Registration
      Statement covering any or all of the Registrable Securities or the initiation
      of
      any Proceedings for that purpose; (iv) the receipt by the Company of any
      notification with respect to the suspension of the qualification or exemption
      from qualification of any of the Registrable Securities for sale in any
      jurisdiction, or the initiation or threatening of any Proceeding for such
      purpose; (v) the occurrence of any event or passage of time that makes the
      financial statements included in such Registration Statement ineligible for
      inclusion therein or any statement made in such Registration Statement or
      Prospectus or any document incorporated or deemed to be incorporated therein
      by
      reference untrue in any material respect or that requires any revisions to
      such
      Registration Statement, Prospectus or other documents so that, in the case
      of
      such Registration Statement or Prospectus, as the case may be, it will not
      contain any untrue statement of a material fact or omit to state any material
      fact required to be stated therein or necessary to make the statements therein,
      in light of the circumstances under which they were made, not misleading; and/or
      (vi) the occurrence or existence of any pending corporate development that,
      in the reasonable discretion of the Board of Directors of the Company, makes
      it
      appropriate to suspend the availability of the Registration Statement and the
      related Prospectus.

     

    
      
         

      

      
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    (d) Amendments
      and Waivers.
      The
      provisions of this Agreement, including the provisions of this sentence, may
      not
      be amended, modified or supplemented, and waivers or consents to departures
      from
      the provisions hereof may not be given, unless the same shall be in writing
      and
      signed by the Company and the Holders of a majority of the then outstanding
      Registrable Securities. Notwithstanding the foregoing, a waiver or consent
      to
      depart from the provisions hereof with respect to a matter that relates
      exclusively to the rights of certain Holders and that does not directly or
      indirectly affect the rights of other Holders may be given by Holders of at
      least a majority of the Registrable Securities to which such waiver or consent
      relates; provided, however, that the provisions of this sentence may not be
      amended, modified, or supplemented except in accordance with the provisions
      of
      the immediately preceding sentence.

     

    7. Notices.
       No
      notice
      or other communication under this Agreement shall be effective unless, such
      notice or other communication is in writing and is mailed by first-class mail,
      postage prepaid, addressed to:
      

     

    
      	Registered Holder: 	 	
              To
                his or her last known address as indicated on the Company’s books and
                records; or such other address as the Holder has designated in writing
                to
                the Company.

            
	 	 	 
	The Company:	 	
              Interstate
                Data USA, Inc.

              1900
                West Loop South, #1850 

              Houston,
                TX 77027

              Attention: Randy
                Carpenter

            

    

     

    
      
         

      

      
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      Or
        such
        other address as the Company has designated in writing to the
        Holder.

       

    

    
      	
              
                If
                  to any other Person who is

              

              then the registered Holder: 

            	 	
              To
                the address of such Holder as it appears in the stock transfer books
                of
                the Company

            

    

     

    8. Successors
      and Assigns.
      This
      Agreement shall inure to the benefit of and be binding upon the successors
      and
      permitted assigns of each of the parties and shall inure to the benefit of
      and
      be binding upon the Holders. Except as it relates to assignments to affiliates
      of the Company, the Company may not assign its rights or obligations hereunder
      without the prior written consent of each Holder. Each Holder may assign their
      respective rights hereunder in the manner and to the Persons as permitted under
      the Warrants and the Subscription Agreement with the prior written consent
      of
      the Company. No person shall have the rights of the Holder hereunder unless
      they
      have executed a joinder to the Agreement in a form reasonably acceptable to
      the
      Company. 

     

    9. Execution
      in Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which when
      so
      executed shall be deemed to be an original and, all of which taken together
      shall constitute one and the same Agreement. In the event that any signature
      is
      delivered by facsimile transmission, such signature shall create a valid binding
      obligation of the party executing (or on whose behalf such signature is
      executed) the same with the same force and effect as if such facsimile signature
      were the original thereof.

     

    10. Governing
      Law.
       This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Delaware without giving effect to the principles of conflicts of law
      thereof. Any judicial proceeding involving any dispute, controversy or claim
      arising out of or relating to this Agreement may be brought in a court located
      in the State of Texas, and each of the Company and Holder (i) unconditionally
      accepts the nonexclusive jurisdiction of such courts and any related appellate
      court and irrevocably agrees to be bound by any judgment rendered thereby,
      (ii)
      irrevocably waives any objection it may now or hereafter have as to the venue
      of
      any such proceeding brought in such a court or that such a court is an
      inconvenient forum.

     

    11. Remedies.
      The
      remedies provided herein are cumulative and not exclusive of any remedies
      provided by law.

     

    12. Severability.
      If any
      term, provision, covenant or restriction of this Agreement is held by a court
      of
      competent jurisdiction to be invalid, illegal, void or unenforceable, the
      remainder of the terms, provisions, covenants and restrictions set forth herein
      shall remain in full force and effect and shall in no way be affected, impaired
      or invalidated, and the parties hereto shall use their reasonable efforts to
      find and employ an alternative means to achieve the same or substantially the
      same result as that contemplated by such term, provision, covenant or
      restriction. It is hereby stipulated and declared to be the intention of the
      parties that they would have executed the remaining terms, provisions, covenants
      and restrictions without including any of such that may be hereafter declared
      invalid, illegal, void or unenforceable.

     

    
      
         

      

      
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    13. Headings.
      The
      headings in this Agreement are for convenience of reference only and shall
      not
      limit or otherwise affect the meaning hereof.

     

    [registration
      rights agreement signature page follows]

     

    
      
         

      

      
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    [registration
      rights agreement signature page]

     

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the date first
      written above. 

     

    
      	
              INTERSTATE
                DATA USA, INC.

            	 	
              PURCHASER:

            
	
               

               

            	 	 
	
              By:

              
                

              

              Randy
                Carpenter, President 

            	 	
              By:    

              
                

              

               

              Address:PROMISSORY
      NOTE

     

    
      	
              Principal
                Amount: $ 

            	
              Issue
                Date: _______________,
                200__

            

    

     

    FOR
      VALUE
      RECEIVED, ___________________________, a corporation (the “Borrower”),
      residing at, _________________________________________________ hereby promises
      to pay to the order of ____________________________________________,
an
      individual residing at
      _______________________________________________ (the
      “Lender”;
      Lender
      and all other or subsequent holders of this Note being sometimes referred to
      as
      the “Holder”),
      on
      order, without demand, the principal sum of
      ______________________________________
      Dollars
      ($__________________________________) (the “Loan”)
      together with interest on the unpaid principal amount until paid in full, at
      a
      fixed rate of ________________________ percent (___%) per annum until all sums
      due hereunder are paid in full. Unless retired earlier or unless the maturity
      hereof is sooner accelerated based on an Event of Default (as defined below),
      this Note shall mature and the principal sum due hereunder, together with all
      accrued and unpaid interest thereon and other sums due hereunder, shall become
      due and payable in full on ________________________________________________,
      200__ (the “Maturity
      Date”).
      

    

    1. Interest.
      The
      aggregate unpaid principal balance of the Loan shall bear interest at a rate
      of
      ___________________________ (________%) per annum.

     

    2. Interest
      Payments.
       All
      interest hereunder shall be due and payable on the Maturity Date.

     

    3. Prepayment.
      This
      Note may be prepaid in full or in part at any time without notice or penalty
      to
      the Borrower, in its sole discretion.

     

    4. Service
      Charge.
      If any
      payment of principal is not made when due, the Borrower will automatically
      owe
      the Holder a service charge equal to five percent (5%) of any payment of
      principal not paid on the date when due. The Borrower acknowledges that the
      aforesaid late payment fees are not imposed as a charge for the use of money,
      but rather are imposed to permit the Holder to recoup administrative charges,
      additional overhead and other costs in dealing with loans not paid on time,
      and
      the late payment fees provided for hereunder shall in no way be deemed an
      interest charge. The Holder shall have no obligation to accept any late payments
      hereunder not accompanied by the service charge(s) specified herein.

     

    5. Event
      of Default.
      Notwithstanding the Maturity Date, the entire principal balance due under this
      Note, together with accrued and unpaid interest, if any, may be accelerated
      and
      become due and payable immediately, at the Holder's option, upon the occurrence
      of any “Event
      of Default”,
      which
      is defined as any of the following:

     

    (a) Failure
      to Pay Principal or Interest.
      The
      Borrower fails to make any payment of principal, interest or other sum due
      under
      this Note within five (5) days of the date when such payment is due, or the
      failure of the Borrower to pay the entire principal and any accrued and unpaid
      interest hereunder on the Maturity Date. The Holder has no obligation to provide
      notice, written or verbal, to the Borrower notifying the Borrower of its failure
      to pay nor shall the Holder provide the Borrower with any cure
      period.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b) Breach
      of Covenant.
      Breach
      by the Borrower of any covenant of this Note.

    

    (c) Bankruptcy.
      Filing
      by the Borrower, of a voluntary petition under the United States Bankruptcy
      Code, or under any other insolvency act or law, state or federal, now or
      hereafter existing; or any action indicating the Borrower’s consent to, approval
      of, or acquiescence in, any such petition or proceeding; or the Borrower’s
      consent to the appointment of a receiver or trustee for all or a substantial
      part of their respective properties; or the making of an assignment to the
      benefit of the creditors on behalf of the Borrower; or the Borrower's inability
      or the admission in writing of its or his inability to pay debts as they
      mature.

    

    (d) Insolvency
      Etc.
      Filing
      of an involuntary petition against the Borrower under the United States
      Bankruptcy Code, or under any other insolvency act or law, state or federal,
      now
      or hereafter existing; or the involuntary appointment of a receiver or trustee
      for all or a substantial part of the Borrower's property; or the issuance of
      a
      warrant of attachment, execution or similar process against any substantial
      part
      of such properties, which remains undismissed, unbonded or undischarged ninety
      (90) days’ after issuance. 

    

    Notwithstanding
      anything to the contrary herein, any Event of Default shall allow the Holder,
      with or without notice to: (a) accelerate the maturity of this Note and demand
      immediate payment of all outstanding principal and accrued interest, and other
      sums due hereunder, and (b) immediately exercise and pursue any rights,
      privileges, remedies and powers as provided in this Note or under
      law.
      Additionally, the Holder may resort to every other right or remedy available
      at
      law or in equity without first exhausting the rights and remedies contained
      herein, all in the Holder’s sole discretion. Failure of the Holder, for any
      period of time or on more than one occasion, to exercise its option to
      accelerate the Maturity Date shall not constitute a waiver of the right to
      exercise the same at any time during the continued existence of any Event of
      Default or any subsequent Event of Default.

    

    6. Waiver.
      Except
      as set forth herein, the Borrower hereby (i) waives presentment, demand, notice,
      protest, notice of protest and notice of non-payment and any other notice
      required to be given under the law in connection with the delivery, acceptance,
      performance, default or enforcement of this Note or any document or instrument
      evidencing any guaranty or security for payment of this Note; (ii) consents
      to
      any and all delays, extensions, renewals or other modifications of the Note
      or
      waivers of any term hereof or release or discharge by the Holder of the Borrower
      or release, substitution or exchange of any security or guarantee for the
      payment hereof or the failure to act on the part of the Holder or any indulgence
      shown by the Holder, from time to time and in one or more instances, (without
      notice to or further assent from the Borrower) and agrees that no such action,
      failure to act or failure to exercise any right or remedy, on the part of the
      Holder shall in any way affect or impair the obligations of the Borrower or
      be
      construed as a waiver by the Holder of, or otherwise affect, any of the Holder’s
      rights under this Note or under any document or instrument evidencing any
      security or guarantee for payment of this Note; and (iii) agrees to pay in
      case
      of an Event of Default, on demand, all costs and expenses of collection of
      this
Note
      and/or the enforcement of the Holder's right with respect to, or the
      administration, supervision, preservation, protection of, or realization upon,
      any property securing payment or guarantee of payment hereof, including
      reasonable attorneys’ fees plus costs, all such amounts payable as obligations
      of the Borrower.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    7. Attorneys’
      Fees.
      Reasonable
      attorneys’ fees are defined to include, but not be limited to, all attorneys’
and paralegals’ fees, costs and expenses incurred in all matters of collection
      and enforcement, construction and interpretation, before, during and after
      suit,
      trial, proceedings and appeals, or in connection with seeking an out-of-court
      workout or settlement of any of the foregoing, as well as appearances in and
      connected with any receivership or bankruptcy proceedings or creditors’
reorganization or similar proceedings, or post-judgment proceedings to enforce
      any judgment obtained by the Holder.

     

    8. Maximum
      Payments.
      The
      Borrower and the Holder intend to comply at all times with applicable usury
      laws. All agreements between the Borrower and the Holder, whether now existing
      or hereafter arising and whether written or oral, are hereby limited so that
      in
      no contingency, whether by reason of demand or acceleration of the maturity
      of
      the Loan or otherwise, shall the interest contracted for, charged, received,
      paid or agreed to be paid to the Holder exceed the maximum rate of interest
      allowable under applicable law, or absent a maximum stated allowable rate,
      then,
      eighteen percent (18%) per annum. The Holder may, in determining the maximum
      rate of interest in effect from time to time, take advantage of any law, rule
      or
      regulation in effect from time to time available to the Holder that exempts
      the
      Holder from any limit upon the rate of interest it may charge or grants to
      the
      Holder the right to charge a higher rate of interest. If from any circumstance
      whatsoever, interest would otherwise be payable to the Lender in excess of
      highest rate permitted by law, the interest payable to the Holder shall be
      reduced to the highest rate permitted by law; and if from any circumstance
      the
      Holder shall ever receive anything of value deemed interest by applicable law
      in
      excess of the maximum rate of interest specified herein, an amount equal to
      any
      excessive interest shall be applied to the reduction of the principal of Loan,
      and not to the payment of interest, or if such excessive interest exceeds the
      unpaid balance of principal of the Loan such excess shall be refunded to the
      Borrower. Neither
      the Borrower nor any guarantor or endorser shall have any action against the
      Holder for any damages whatsoever arising out of the payment or collection
      of
      any excess interest.

     

    9. Successors
      and Assigns.
      All of
      the terms and provisions of this Note shall be binding upon, inure to the
      benefit of and be enforceable by each of the parties hereto, and their
      respective successors, heirs, personal representatives, and permitted assigns.
      

     

    10. Severability.
      If any
      part of this Note is adjudged illegal, invalid or unenforceable, such invalidity
      or unenforceability shall not affect any other provision of this Note that
      can
      be given effect without such provision.

     

    11. Governing
      Law.
      This
      Note shall be governed by, and construed in accordance with, the laws of the
      State of Kentucky. This Note may not be varied, amended or modified except
      in
      writing signed by the Borrower and the Holder.

     

    12. Waiver
      of Jury Trial.
      TO
      THE FULLEST EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED,
      EACH
      OF THE PARTIES HEREBY WAIVES THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY
      CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY
      LOAN
      DOCUMENTS. THE PARTIES ACKNOWLEDGE THAT THIS WAIVER IS A MATERIAL INDUCEMENT
      TO
      ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS RELIED ON THE WAIVER IN
      ENTERING INTO THIS AGREEMENT AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER
      IN THEIR RELATED FUTURE DEALINGS. THE PARTIES WARRANT AND REPRESENT THAT THEY
      EACH HAVE HAD THE OPPORTUNITY OF REVIEWING THIS JURY WAIVER WITH LEGAL COUNSEL,
      AND THAT EACH KNOWINGLY AND VOLUNTARILY IRREVOCABLY WAIVES ITS JURY TRIAL
      RIGHTS.

     

    13. Amendments.
      This
      Note may not be varied, amended or modified except in writing signed by the
      Borrower and the Holder.

     

    [Signature
      Page Follows]

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, this Note has been executed and delivered by the Borrower
      as of
      the date and
      year
      first above written.

     

    
      	 	
              INTERSTATE
                DATA USA, INC.

            
	 	 	 
	 	
              By:
                

            	
                            
                       

            
	 	
              Print
                Name:

            
	 	
              Title:

            	 

    

     

    
      	
              STATE
                OF __________

            	
              )

            
	 	
              )
                SS:

            
	
              COUNTY
                OF

            	
              )

            

    

    

    The
      foregoing instrument was acknowledged before me this ____________ day of
      __________________________, 200__, by ______________________________, who is
      personally known to me or who has produced evidence satisfactory to me as to
      his
      identification.

     

    
      	 	
              NOTARY
                PUBLIC

            
	 	 	 
	 	
              Sign:

            	                
              
	 	 	 
	 	 	
              [seal]

            

    

    

    
      
         

      

      
        4

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