Document:

Exhibit 10.12 - Convertible Promissory Note

    
      

      

    

    

      THIS
        NOTE AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE NOT BEEN REGISTERED
        UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER ANY STATE
        SECURITIES LAWS. THEY ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND
        RESALE
        AND MAY NOT BE TRANSFERRED, SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED
        IN
        THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT THERETO UNDER
        THE
        ACT OR APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL REASONABLY
        SATISFACTORY TO THE COMPANY THAT ANY PROPOSED TRANSFER OR RESALE IS IN
        COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES
        LAWS.

      

      _________________________

      

      

      CONVERTIBLE
        PROMISSORY NOTE

       

      OF

       

      DAUPHIN
        TECHNOLOGY, INC.

       

      

      
        	
                Principal
                  Amount : $1,000,000

              	
                Date:
                  June 20, 2006

              

      

       

      

      Dauphin
        Technology, Inc., an Illinois corporation (the “Company”), for value received,
        hereby promises to pay to the order of Diamantis Antonopoulos, a
        resident/corporation/partnership of the state of Illinois (the “Holder”), at
        4028 W. 147th
        Street
        Midlothian Illinois, 60445, the principal sum of One Million Dollars
        ($1,000,000), plus interest on the principal amount outstanding at a rate
        of two
        percent (2%) per annum, calculated from the date of this Convertible Promissory
        Note (this “Note”) until the principal amount hereof and all interest accrued
        thereon is paid (or converted, as provided in Section 2 hereof). The outstanding
        principal amount of this Note, and the interest accrued thereon, shall be
        due
        and payable at the Holder’s address given above on the earliest to occur of (i)
        December 31, 2006 (the “Maturity Date”), or (ii) when, upon or during the
        occurrence of an Event of Default (as defined in Section 8 below), such amounts
        are declared due and payable by Holder or made automatically due and payable
        in
        accordance with the terms hereof, unless this Note shall have been previously
        converted pursuant to Section 2 hereof or as provided otherwise in this Note.
        

      

      This
        Note
        is one of several convertible promissory notes that have been issued or that
        may
        hereafter be issued in connection with the Company’s borrowing of an aggregate
        principal amount (including the principal amount represented by this Note)
        of up
        to $2,000,000.00 (the “Series”). 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      The
        following is a statement of the rights of the Holder of this Note and the
        conditions to which this Note is subject, and to which the Holder hereof,
        by the
        acceptance of this Note, agrees:

      

      1.   Definitions.
        The
        following definitions shall apply for all purposes of this Note:

      

      1.1    “Company”
        shall
        mean the Company, as defined above, and includes any corporation or entity
        that
        shall succeed to or assume the obligations of the Company under this
        Note.

      

      1.2   “Conversion
        Date”
        shall
        mean the date on which, pursuant to Sections 2 and 3 hereof, this Note is
        converted into the Conversion Stock.

      

      1.3   “Conversion Stock”
shall
        mean 3,333,333 shares of $0.001 par value common stock of the Company, in
        consideration of the principal amount payable hereunder. Upon conversion
        into
        stock, the holder agrees to waive all interest accrued during the term of
        the
        loan. 

      

      1.4    “Holder,”
        or
        similar terms, when the context refers to a holder of this Note, shall mean
        any
        person who shall at the time be the registered holder of this Note.

      

      2.    Conversion;
        Prepayment.
        

      

      a.    Conversion
        of Note.
        The
        Holder or the Company shall have the right, to convert the principal into
        Conversion Stock, at any time after the Company has amended its Articles
        of
        Incorporation to provide for a number of authorized shares of $0.001 par
        value
        common stock sufficient in number to enable the Company to validly issue
        Conversion Stock in an amount sufficient to convert this Note and any other
        notes issued as part of the Series, and prior to the Company’s payment of the
        outstanding principal balance of this Note. Upon Conversion under this Section
        2, this Note shall be surrendered at the principal offices of the Company.
        

      

      b.    Prepayment
        of Note.
        Prior
        to Stock Conversion this Note may be prepaid in full at any time without
        penalty
        only by mutual agreement between the company and the holder. 

      

      3.    Issuance
        of Conversion Stock.
        As soon
        as practicable after conversion and surrender of this Note, the Company will,
        at
        its expense, cause to be issued in the name of and delivered to the Holder,
        a
        certificate or certificates for the number of shares of Conversion Stock
        to
        which the Holder shall be entitled upon such conversion, bearing such legends
        as
        may be required by applicable state and federal securities laws in the opinion
        of legal counsel of the Company. Such conversion shall be deemed to have
        occurred (i) under Section 2 above and (ii) immediately prior to the close
        of
        business on the Conversion Date. No fractional shares will be issued upon
        conversion of this Note. If upon any conversion of this Note a fraction of
        a
        share would otherwise result, then, in lieu of such fractional share, the
        Company will pay the cash value of that fractional share, calculated on the
        basis of the closing price as of the close of trading on the last trading
        day
        occurring immediately before the Conversion Date.

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      

      4.    Reservation
        of Stock. 

      

      4.1    Notice
        of Amendment.
        The
        Company shall promptly give to the Holder written notice, by first class
        mail,
        postage prepaid, at the Holder’s address as shown on the Company’s books, of any
        amendment to its Articles of Incorporation that results in the provision
        for a
        number of authorized shares of $0.001 par value common stock sufficient in
        number to enable the Company to validly issue Conversion Stock in an amount
        sufficient to convert this Note and any other notes issued as part of the
        Series. 

      

      4.2    Reservation
        of Stock.
        Promptly following the effective date of any amendment to its Articles of
        Incorporation that results in the provision for a number of authorized shares
        of
        $0.001 par value common stock sufficient in number to enable the Company
        to
        validly issue shares of Conversion Stock in an amount sufficient to convert
        this
        Note and any other notes issued as part of the Series, the Company shall
        take
        all corporate action, and shall obtain all government consents and approvals,
        necessary to issue or to reserve for issuance the shares of Conversion Stock
        issuable upon a conversion of this Note and any other notes in the Series.
        

      

      5.    Fully
        Paid Shares.
        All
        shares of Conversion Stock issued upon the conversion of this Note shall
        be
        validly issued, fully paid and non-assessable.

      

      6.    No
        Rights or Liabilities as Stockholder.
        This
        Note does not by itself entitle the Holder to any voting rights or other
        rights
        as a stockholder of the Company. In the absence of conversion of this Note,
        no
        provisions of this Note, and no enumeration herein of the rights or privileges
        of the Holder, shall cause the Holder to be a stockholder of the Company
        for any
        purpose.

      

      7.    Corporate
        Action; No Impairment.
        The
        Company will not, through reorganization, consolidation, merger, dissolution,
        or
        sale of substantially all of its assets, avoid or seek to avoid the observance
        or performance of any of the terms of this Note, but will at all times in
        good
        faith assist in the carrying out of all such terms and in the taking of all
        such
        action as may be necessary or appropriate in order to protect the rights
        of the
        Holder against wrongful impairment. 

      

      8.    Default.
        The
        Company’s failure to make any payment due and payable under the terms of this
        Note within ten (10) days following the date of any written notice thereof
        from
        the Holder, or the Company’s failure to issue and deliver any shares of
        Conversion Stock issuable to the Holder within thirty (30) days following
        the
        Holder’s delivery of written notice of conversion pursuant to Section 2, shall
        constitute an “Event of Default.” In the event of an Event of Default, the
        Holder shall, in addition to any other remedies allowed by law and following
        delivery of written notice to the Company, be entitled to accelerate all
        unpaid
        principal and interest under this Note. Waiver of any Event of Default will
        not
        constitute a waiver of any other or subsequent Event of Default. 

      

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      

      9.    Waiver
        and Amendment.
        Any
        provision of this Note may be amended, waived, modified, discharged or
        terminated by written agreement signed by the Company and Holder.

      

      10.
           Assignment; Binding upon Successors and Assigns.
        The
        Company may not assign any of its obligations hereunder without the prior
        written consent of the Holder. The terms and conditions of
        this
        Note shall inure to the benefit of and be binding upon the successors and
        permitted assigns of the parties. 

      

      11.     
         Waiver
        of Notice; Attorneys’ Fees.
        The
        Company and all endorsers of this Note hereby waive notice, demand, notice
        of
        nonpayment, presentment, protest and notice of dishonor. If any action at
        law or
        in equity is necessary to enforce this Note or to collect payment under this
        Note, the Holder shall be entitled to recover, as an element of the costs
        of
        suit and not as damages, reasonable attorneys’ fees, costs and necessary
        disbursements in addition to any other relief to which it may be entitled.
        The
        Holder shall be entitled to recover its costs of suit, regardless of whether
        such suit proceeds to final judgment.

      

      12.     
         Construction of Note.
        The
        terms of this Note have been negotiated by the Company and the Holder, with
        the
        assistance of their respective attorneys. The language hereof will not be
        construed for or against either the Company or the Holder. Unless otherwise
        explicitly set forth, a reference to a Section will mean a Section in this
        Note.
        The titles and headings herein are for reference purposes only and will not
        in
        any manner limit the construction of this Note, which will be considered
        as a
        whole.

       

      13.     
         Notices. Any
        notice or other communication required or permitted to be given under this
        Note
        shall be in writing, shall be delivered by hand or overnight courier service,
        by
        certified mail, postage prepaid, or by facsimile, and will be deemed given
        upon
        delivery, if delivered personally, one business day after deposit with a
        national courier service for overnight delivery, or one business day after
        transmission by facsimile with confirmation of receipt, and three days after
        deposit in the mails, if mailed, to the following addresses: 

      
        	
                 

                (i)
                  If to the Holder:

                 

              	
                 

                To
                  the address first given above.

                 

              
	
                 

                (ii)
                  If to the Company:

              	
                 

                Dauphin
                  Technology, Inc.

              
	 	
                1014
                  E. Algonquin Rd. Suite 111

              
	 	
                Schaumburg,
                  IL 60173

              
	 	
                Attention:
                  President

              

      

       

      or
        to
        such other address as may have been furnished to the other party in writing
        pursuant to this Section 13, except that notices of change of address shall
        only
        be effective upon receipt.

      

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      

      14. 
          Governing
        Law.
        This
        Note shall be governed by and construed under the internal laws of the United
        States and the State of Illinois applied to agreements among Illinois residents
        entered into and to be performed entirely within the state of Illinois, without
        reference to principles of conflict of laws or choice of laws.

      

      15.     
         Dispute
        Resolution. Any
        controversy, dispute or claim between the parties arising out of, related
        to or
        in connection with this Note, or the performance or breach hereof, shall
        be
        submitted to and settled by arbitration conducted by the American Arbitration
        Association in Chicago, Illinois, in accordance with its commercial arbitration
        rules as then in effect; provided that the arbitration shall be by a single
        arbitrator mutually selected by the Company and the Holder, and if such parties
        do not agree within thirty (30) days after the date of notification of a
        request
        for such arbitration made by either of such parties, the selection of the
        single
        arbitrator shall be made by the American Arbitration Association in accordance
        with said rules. In addition to, and not in substitution for any and all
        other
        relief in law or equity that may be granted by the arbitrator, the arbitrator
        may grant equitable relief and specific performance to compel compliance
        hereunder. The determination of the arbitrator shall be accom-panied by a
        written opinion of the arbitrator and shall be final, binding and conclusive
        on
        the parties, and judgment on the arbitrator's award, including without
        limitation equitable relief and specific performance, may be entered in and
        enforced by any court having jurisdiction thereof. Fees and expenses of the
        American Arbitration Association and of the arbitrator shall be borne as
        shall
        be determined by the arbitrator, and the arbitrator may in his discretion
        award
        attorneys' fees and expenses in addition to any other remedy that is allowed
        and
        regardless of whether such remedy includes an award of damages.

      

      

      IN
        WITNESS WHEREOF,
        the
        Company has caused this Note to be signed in its name as of the date first
        above
        written.

      

      

      
        	 	
                By:

              	
                _____________________________

              
	 	
                Name:
                  Andrew J. Kandalepas

              
	 	
                CEO/Chairman

              
	 	
                Dauphin
                  Technology, Inc.

              
	 	 	 
	 	
                and

              
	 	 	 
	 	
                By:

              	
                ______________________________

              
	 	
                Diamantis
                  Antonopoulos, 

              
	 	
                Individual

              

      

      MW:CONVERT_Tim_3,333,333_[1].doc

       

       

       

       

       

       

       

       

       

       

      5Exhibit 10.13 - Convertible Promissory Note

    
      

      

    

    

      THIS
        NOTE AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE NOT BEEN REGISTERED
        UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER ANY STATE
        SECURITIES LAWS. THEY ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND
        RESALE
        AND MAY NOT BE TRANSFERRED, SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED
        IN
        THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT THERETO UNDER
        THE
        ACT OR APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL REASONABLY
        SATISFACTORY TO THE COMPANY THAT ANY PROPOSED TRANSFER OR RESALE IS IN
        COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES
        LAWS.

      

      _________________________

      

      

      CONVERTIBLE
        PROMISSORY NOTE

      

      OF

       

      DAUPHIN
        TECHNOLOGY, INC.

       

      

      
        	
                Principal
                  Amount : $1,000,000

              	
                Date:
                  June 20, 2006

              

      

      

      

      

      Dauphin
        Technology, Inc., an Illinois corporation (the “Company”), for value received,
        hereby promises to pay to the order of Diamantis Antonopoulos, a
        resident/corporation/partnership of the state of Illinois (the “Holder”), at
        4028 W. 147th
        Street
        Midlothian Illinois, 60445, the principal sum of One Million Dollars
        ($1,000,000), plus interest on the principal amount outstanding at a rate
        of two
        percent (2%) per annum, calculated from the date of this Convertible Promissory
        Note (this “Note”) until the principal amount hereof and all interest accrued
        thereon is paid (or converted, as provided in Section 2 hereof). The outstanding
        principal amount of this Note, and the interest accrued thereon, shall be
        due
        and payable at the Holder’s address given above on the earliest to occur of (i)
        December 31, 2006 (the “Maturity Date”), or (ii) when, upon or during the
        occurrence of an Event of Default (as defined in Section 8 below), such amounts
        are declared due and payable by Holder or made automatically due and payable
        in
        accordance with the terms hereof, unless this Note shall have been previously
        converted pursuant to Section 2 hereof or as provided otherwise in this Note.
        

      

      This
        Note
        is one of several convertible promissory notes that have been issued or that
        may
        hereafter be issued in connection with the Company’s borrowing of an aggregate
        principal amount (including the principal amount represented by this Note)
        of up
        to $2,000,000.00 (the “Series”). 

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      The
        following is a statement of the rights of the Holder of this Note and the
        conditions to which this Note is subject, and to which the Holder hereof,
        by the
        acceptance of this Note, agrees:

      

      1.    Definitions.
        The
        following definitions shall apply for all purposes of this Note:

      

      1.1    “Company”
        shall
        mean the Company, as defined above, and includes any corporation or entity
        that
        shall succeed to or assume the obligations of the Company under this
        Note.

      

      1.2   “Conversion
        Date”
        shall
        mean the date on which, pursuant to Sections 2 and 3 hereof, this Note is
        converted into the Conversion Stock.

      

      1.3   “Conversion Stock”
shall
        mean 3,333,333 shares of $0.001 par value common stock of the Company, in
        consideration of the principal amount payable hereunder. Upon conversion
        into
        stock, the holder agrees to waive all interest accrued during the term of
        the
        loan. 

      

      1.4   “Holder,”
        or
        similar terms, when the context refers to a holder of this Note, shall mean
        any
        person who shall at the time be the registered holder of this Note.

      

      2.    Conversion;
        Prepayment.
        

      

      a.    Conversion
        of Note.
        The
        Holder or the Company shall have the right, to convert the principal into
        Conversion Stock, at any time after the Company has amended its Articles
        of
        Incorporation to provide for a number of authorized shares of $0.001 par
        value
        common stock sufficient in number to enable the Company to validly issue
        Conversion Stock in an amount sufficient to convert this Note and any other
        notes issued as part of the Series, and prior to the Company’s payment of the
        outstanding principal balance of this Note. Upon Conversion under this Section
        2, this Note shall be surrendered at the principal offices of the Company.
        

      

      b.    Prepayment
        of Note.
        Prior
        to Stock Conversion this Note may be prepaid in full at any time without
        penalty
        only by mutual agreement between the company and the holder. 

      

      3.    Issuance
        of Conversion Stock.
        As soon
        as practicable after conversion and surrender of this Note, the Company will,
        at
        its expense, cause to be issued in the name of and delivered to the Holder,
        a
        certificate or certificates for the number of shares of Conversion Stock
        to
        which the Holder shall be entitled upon such conversion, bearing such legends
        as
        may be required by applicable state and federal securities laws in the opinion
        of legal counsel of the Company. Such conversion shall be deemed to have
        occurred (i) under Section 2 above and (ii) immediately prior to the close
        of
        business on the Conversion Date. No fractional shares will be issued upon
        conversion of this Note. If upon any conversion of this Note a fraction of
        a
        share would otherwise result, then, in lieu of such fractional share, the
        Company will pay the cash value of that fractional share, calculated on the
        basis of the closing price as of the close of trading on the last trading
        day
        occurring immediately before the Conversion Date.

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      

      4.    Reservation
        of Stock. 

      

      4.1    Notice
        of Amendment.
        The
        Company shall promptly give to the Holder written notice, by first class
        mail,
        postage prepaid, at the Holder’s address as shown on the Company’s books, of any
        amendment to its Articles of Incorporation that results in the provision
        for a
        number of authorized shares of $0.001 par value common stock sufficient in
        number to enable the Company to validly issue Conversion Stock in an amount
        sufficient to convert this Note and any other notes issued as part of the
        Series. 

      

      4.2    Reservation
        of Stock.
        Promptly following the effective date of any amendment to its Articles of
        Incorporation that results in the provision for a number of authorized shares
        of
        $0.001 par value common stock sufficient in number to enable the Company
        to
        validly issue shares of Conversion Stock in an amount sufficient to convert
        this
        Note and any other notes issued as part of the Series, the Company shall
        take
        all corporate action, and shall obtain all government consents and approvals,
        necessary to issue or to reserve for issuance the shares of Conversion Stock
        issuable upon a conversion of this Note and any other notes in the Series.
        

      

      5.    Fully
        Paid Shares.
        All
        shares of Conversion Stock issued upon the conversion of this Note shall
        be
        validly issued, fully paid and non-assessable.

      

      6.    No
        Rights or Liabilities as Stockholder.
        This
        Note does not by itself entitle the Holder to any voting rights or other
        rights
        as a stockholder of the Company. In the absence of conversion of this Note,
        no
        provisions of this Note, and no enumeration herein of the rights or privileges
        of the Holder, shall cause the Holder to be a stockholder of the Company
        for any
        purpose.

      

      7.    Corporate
        Action; No Impairment.
        The
        Company will not, through reorganization, consolidation, merger, dissolution,
        or
        sale of substantially all of its assets, avoid or seek to avoid the observance
        or performance of any of the terms of this Note, but will at all times in
        good
        faith assist in the carrying out of all such terms and in the taking of all
        such
        action as may be necessary or appropriate in order to protect the rights
        of the
        Holder against wrongful impairment. 

      

      8.    Default.
        The
        Company’s failure to make any payment due and payable under the terms of this
        Note within ten (10) days following the date of any written notice thereof
        from
        the Holder, or the Company’s failure to issue and deliver any shares of
        Conversion Stock issuable to the Holder within thirty (30) days following
        the
        Holder’s delivery of written notice of conversion pursuant to Section 2, shall
        constitute an “Event of Default.” In the event of an Event of Default, the
        Holder shall, in addition to any other remedies allowed by law and following
        delivery of written notice to the Company, be entitled to accelerate all
        unpaid
        principal and interest under this Note. Waiver of any Event of Default will
        not
        constitute a waiver of any other or subsequent Event of Default. 

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      

      9.    Waiver
        and Amendment.
        Any
        provision of this Note may be amended, waived, modified, discharged or
        terminated by written agreement signed by the Company and Holder.

      

      10.     
         Assignment; Binding upon Successors and Assigns.
        The
        Company may not assign any of its obligations hereunder without the prior
        written consent of the Holder. The terms and conditions of
        this
        Note shall inure to the benefit of and be binding upon the successors and
        permitted assigns of the parties. 

      

      11.     
         Waiver
        of Notice; Attorneys’ Fees.
        The
        Company and all endorsers of this Note hereby waive notice, demand, notice
        of
        nonpayment, presentment, protest and notice of dishonor. If any action at
        law or
        in equity is necessary to enforce this Note or to collect payment under this
        Note, the Holder shall be entitled to recover, as an element of the costs
        of
        suit and not as damages, reasonable attorneys’ fees, costs and necessary
        disbursements in addition to any other relief to which it may be entitled.
        The
        Holder shall be entitled to recover its costs of suit, regardless of whether
        such suit proceeds to final judgment.

      

      12.     
         Construction of Note.
        The
        terms of this Note have been negotiated by the Company and the Holder, with
        the
        assistance of their respective attorneys. The language hereof will not be
        construed for or against either the Company or the Holder. Unless otherwise
        explicitly set forth, a reference to a Section will mean a Section in this
        Note.
        The titles and headings herein are for reference purposes only and will not
        in
        any manner limit the construction of this Note, which will be considered
        as a
        whole.

       

      13.     
         Notices. Any
        notice or other communication required or permitted to be given under this
        Note
        shall be in writing, shall be delivered by hand or overnight courier service,
        by
        certified mail, postage prepaid, or by facsimile, and will be deemed given
        upon
        delivery, if delivered personally, one business day after deposit with a
        national courier service for overnight delivery, or one business day after
        transmission by facsimile with confirmation of receipt, and three days after
        deposit in the mails, if mailed, to the following addresses: 

      
        	
                 

                (i)
                  If to the Holder:

                 

              	
                 

                To
                  the address first given above.

                 

              
	
                 

                (ii)
                  If to the Company:

              	
                 

                Dauphin
                  Technology, Inc.

              
	 	
                1014
                  E. Algonquin Rd. Suite 111

              
	 	
                Schaumburg,
                  IL 60173

              
	 	
                Attention:
                  President

              

      

      

       

      or
        to
        such other address as may have been furnished to the other party in writing
        pursuant to this Section 13, except that notices of change of address shall
        only
        be effective upon receipt.

      

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      

      14.     
         Governing
        Law.
        This
        Note shall be governed by and construed under the internal laws of the United
        States and the State of Illinois applied to agreements among Illinois residents
        entered into and to be performed entirely within the state of Illinois, without
        reference to principles of conflict of laws or choice of laws.

      

      15.     
         Dispute
        Resolution. Any
        controversy, dispute or claim between the parties arising out of, related
        to or
        in connection with this Note, or the performance or breach hereof, shall
        be
        submitted to and settled by arbitration conducted by the American Arbitration
        Association in Chicago, Illinois, in accordance with its commercial arbitration
        rules as then in effect; provided that the arbitration shall be by a single
        arbitrator mutually selected by the Company and the Holder, and if such parties
        do not agree within thirty (30) days after the date of notification of a
        request
        for such arbitration made by either of such parties, the selection of the
        single
        arbitrator shall be made by the American Arbitration Association in accordance
        with said rules. In addition to, and not in substitution for any and all
        other
        relief in law or equity that may be granted by the arbitrator, the arbitrator
        may grant equitable relief and specific performance to compel compliance
        hereunder. The determination of the arbitrator shall be accom-panied by a
        written opinion of the arbitrator and shall be final, binding and conclusive
        on
        the parties, and judgment on the arbitrator's award, including without
        limitation equitable relief and specific performance, may be entered in and
        enforced by any court having jurisdiction thereof. Fees and expenses of the
        American Arbitration Association and of the arbitrator shall be borne as
        shall
        be determined by the arbitrator, and the arbitrator may in his discretion
        award
        attorneys' fees and expenses in addition to any other remedy that is allowed
        and
        regardless of whether such remedy includes an award of damages.

      

      

      IN
        WITNESS WHEREOF,
        the
        Company has caused this Note to be signed in its name as of the date first
        above
        written.

      

      

      
        	 	
                By:

              	
                _____________________________

              
	 	
                Name:
                  Andrew J. Kandalepas

              
	 	
                CEO/Chairman

              
	 	
                Dauphin
                  Technology, Inc.

              
	 	 	 
	 	
                and

              
	 	 	 
	 	
                By:

              	
                _____________________________

              
	 	
                Diamantis
                  Antonopoulos, 

              
	 	
                Individual

              

      

      MW:CONVERT_Tim_3,333,333_[2].doc

       

       

       

       

       

       

       

       

       

       

       

       5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]