Document:

Form of Warrant

 Exhibit 4.1 
  
 THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR
UNDER ANY APPLICABLE STATE SECURITIES LAW AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT
SUCH REGISTRATION STATEMENT IS NOT REQUIRED UNDER THE SECURITIES ACT AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER OR UNDER APPLICABLE STATE SECURITIES LAWS. 
  
 WARRANT CERTIFICATE 
  
 To Purchase                      Shares of
Common Stock of: 
  
 ACCESS WORLDWIDE COMMUNICATIONS, INC.

  
 June
        , 2003 
  
 THIS IS TO CERTIFY THAT, for value received,
                                        
         (the “Holder”) is entitled to purchase from Access Worldwide Communications, Inc., a Delaware corporation (the “Company”),
                                    
(                        ) shares of the Company’s common stock, par value $0.01 per share (the “Common
Stock”), on the terms and conditions hereinafter set forth. 
  

	I.	Grant of Warrant 

  
 1.1 Grant and Vesting. The Company hereby grants to the Holder a warrant to purchase up to
                 shares of Common Stock (this “Warrant”), as adjusted as provided herein, at a purchase price equal to $0.01 per share of Common Stock
(the “Exercise Price”). This Warrant shall vest (the “Vesting Date”) as to all
                         shares of Common Stock on the date that is one year after the Holder’s funding of the
principal sum of $                 to the Company pursuant to the terms of that certain 5.0% Convertible Promissory Note payable by the Company to Holder dated as
of the date hereof (the “Note”). The shares of Common Stock, or other securities for which this Warrant may be exercised as a result of transactions contemplated by Article II, are referred to as the “Warrant Shares.” 

 
 1.2 Exercise Period. This Warrant shall be exercisable commencing
on the Vesting Date and continue to be exercisable until 5:00 p.m., Eastern Standard Time, on the date that is ten (10) years from the Vesting Date (the “Exercise Period”). 
  
 1.3 Shares To Be Issued; Reservation of Shares. The Company covenants and agrees that (a) all of the securities
issuable upon the exercise of this Warrant in accordance with the terms hereof will, upon issuance in accordance with the terms hereof and payment of the Exercise Price therefor, be duly authorized, validly issued and outstanding, fully paid and
non-assessable shares of Common Stock, and (b) the Company will cause during the Exercise Period, there to be authorized and reserved a sufficient number of shares of Common Stock to provide for the exercise of this Warrant in full. 

	II.	Adjustments to Warrant 

  
 2.1 Stock Splits and Combinations. If the Company shall combine all of its outstanding shares of Common Stock into a smaller number of shares, the
number of Warrant Shares purchaseable under this Warrant shall be proportionately decreased, as of the effective date of such combination, so that the Holder of this Warrant, if exercised on or after that date, shall be entitled to receive the
number and kind of Warrant Shares which the Holder of this Warrant would have owned and been entitled to receive as a result of the combination had the Warrant been exercised immediately prior to that date. If the Company shall subdivide all of its
outstanding shares of Common Stock, the number of Warrant Shares purchasable under the Warrant shall be proportionally increased as of the effective date of such subdivision so that the Holder of this Warrant, if exercised on or after that date,
shall be entitled to receive the number and kind of Warrant Shares which the Holder of this Warrant would have owned and been entitled to receive as a result of the subdivision had the Warrant been exercised immediately prior to that date.

  
 2.2 Stock Dividends and Distributions. If the Company
shall fix a record date for the holders of its Common Stock entitled to receive a dividend or other distribution payable in additional shares of Common Stock, then the number of Warrant Shares purchaseable under this Warrant shall be proportionately
increased as of the time of such issuance, or in the event such record date is fixed, as of the close of business on such record date so that the Holder of this Warrant, if exercised after that date, shall be entitled to receive the number and kind
of Warrant Shares and additional shares of Common Stock of the Company which the Holder of this Warrant would have owned and been entitled to receive as a result of the dividend or distribution had the Warrant been exercised immediately prior to
that date. 
  
 2.3 Other Dividends and Distributions. If
the Company shall fix a record date for the holders of Common Stock entitled to receive a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then lawful and adequate provision shall be made so that
the Holder of this Warrant shall be entitled to receive upon exercise of this Warrant, in addition to the number of Warrant Shares immediately theretofore issuable upon exercise of this Warrant, the kind and number of securities of the Company which
the Holder would have owned and been entitled to receive had this Warrant been exercised immediately prior to that date. 
  
 2.4 Reclassification, Exchange and Substitution. If the Common Stock is changed into the same or a different number of shares of any class or
classes of stock, whether by recapitalization, reclassification or otherwise (other than by a subdivision or combination of shares or stock dividend or a reorganization, merger, consolidation or sale of assets provided for elsewhere in this Article
II), then the Holder of this Warrant shall be entitled to receive upon exercise of this Warrant, in lieu of the Warrant Shares immediately theretofore issuable upon exercise of this Warrant, the kind and amount of stock and other securities and
property receivable upon such recapitalization, reclassification or other change, by the holders of the number of shares of Common Stock for which the Warrant could have been exercised immediately prior to such recapitalization, reclassification or
other change (in any event, subject to further anti-dilution protection as provided in this Article II). 
  

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 2.5 Reorganizations, Mergers, Consolidations or Sales of Assets. If any of the following
transactions (each, a “Special Transaction”) shall become effective: (a) a capital reorganization, share exchange or exchange offer (other than a recapitalization, subdivision, combination, reclassification or exchange of shares provided
for elsewhere in this Article II), (b) a consolidation or merger of the Company with and into another entity, or (c) a sale or conveyance of all or substantially all of the Company’s assets, then as a condition of any Special Transaction,
lawful and adequate provision shall be made so that the Holder of the Warrant shall thereafter have the right to purchase and receive upon exercise of this Warrant, in lieu of the Warrant Shares immediately theretofore issuable upon exercise of this
Warrant, other securities, cash or other assets as may be issued or payable in and pursuant to the terms of such Special Transaction to the holders of shares for which this Warrant could have been exercised immediately prior to such Special
Transaction. 
  
 2.6 Liquidation. If the Company shall, at
any time prior to the end of the Exercise Period, dissolve, liquidate or wind up its affairs, the Holder shall have the right, but not the obligation, to exercise this Warrant. Upon such exercise, the Holder shall have the right to receive, in lieu
of the shares of Common Stock that the Holder otherwise would have been entitled to receive upon such exercise, the same kind and amount of assets as would have been issued, distributed or paid to the Holder upon any such dissolution, liquidation or
winding up with respect to such shares of Common Stock had the Holder been the holder of record of such shares of Common Stock receivable upon exercise of this Warrant on the date for determining those entitled to receive any such distribution.

  
 2.7 Notice. Whenever this Warrant or the number
of Warrant Shares is to be adjusted as provided herein, the Company shall forthwith as soon as reasonably practicable, cause to be sent to the Holder a notice stating in reasonable detail the relevant facts and any resulting adjustments and the
calculation thereof. 
  
 2.8 Fractional Interests. The
Company shall not be required to issue fractions of shares of Common Stock upon the exercise of this Warrant. If any fraction of a share of Common Stock would be issuable upon the exercise of this Warrant, the Company shall, upon such issuance,
purchase such fraction for an amount in cash equal to the current value of such fraction, computed on the basis of the last reported closing price of the Common Stock on the securities exchange or quotation system on which the shares of Common Stock
are then listed or traded, as the case may be, if any, on the last business day prior to the date of exercise upon which such a sale shall have been effected, or, if the Common Stock is not so listed or traded on an exchange or quotation system, as
the Board of Directors of the Company may in good faith determine. 
  
 2.9 Effect of Alternate Securities. If at any time, as a result of an adjustment made pursuant to this Article II, the Holder of this Warrant shall thereafter become entitled to receive any securities of the Company other than shares
of Common Stock, then the number of such other securities receivable upon exercise of this Warrant shall be subject to adjustment from time to time on terms as nearly equivalent as practicable to the provisions with respect to shares of Common Stock
contained in this Article II. 
  

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 2.10 Successive Application. The provisions of this Article II shall apply from time to time to
successive events covered by this Article II. Upon the occurrence of any event contemplated by this Article II, all references to Common Stock, to the Company and to other defined terms shall be equitably adjusted to protect the interests of the
Holder. 
  

	III.	Exercise 

  
 3.1 Exercise of Warrant. 
  
 (a) The Holder may exercise this Warrant by (i) surrendering this Warrant Certificate with the form of exercise notice attached hereto as Exhibit
“A” duly executed by the Holder, and (ii) making payment to the Company of the aggregate Exercise Price for the applicable Warrant Shares in cash or by certified check or wire transfer of immediately available funds to an account
designated by the Company. Upon any partial exercise of this Warrant, the Company shall issue to the Holder, for its surrendered Warrant Certificate, a replacement Warrant Certificate identical in all respects to this Warrant Certificate, except
that the number of Warrant Shares shall be reduced accordingly. 
  
 (b) Each person in whose name any Warrant Share certificate is issued upon exercise of this Warrant shall for all purposes be deemed to have become the holder of record of the Warrant Shares for which this Warrant was exercised as of the
date of exercise. Certificates for the Warrant Shares so purchased, representing the aggregate number of shares specified in the form of exercise notice, shall be delivered to the holder hereof within a reasonable time. 
  
 3.2 Issuance of Warrant Shares. The Warrant Shares purchased shall be
issued to the Holder exercising this Warrant as of the close of business on the business day on which all actions and payments required to be taken or made by the Holder hereunder shall have been so taken or made. Certificates for the Warrant Shares
so purchased shall be delivered to the Holder as soon as reasonably practicable after this Warrant is so exercised. 
  

	IV.	Rights of the Holder 

  
 Except as provided herein, the Holder shall not, solely by virtue of this Warrant and prior to the issuance of the Warrant Shares upon due exercise
hereof, be entitled to any rights as a shareholder of the Company. No provision of this Warrant, in the absence of affirmative action by the holder hereof to purchase Warrant Shares, and no mere enumeration herein of the rights or privileges of the
holder hereof, shall give rise to any liability of such holder for the Exercise Price or as a shareholder of the Company, whether such liability is asserted by the Company or by creditors of the Company. 
  

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	V.	Loss 

  
 Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and (in the case of loss, theft or destruction) reasonably satisfactory
indemnification, and upon surrender and cancellation of this Warrant, if mutilated, the Company shall immediately execute and deliver a new Warrant of like tenor and date. 
  

	VI.	Representations of the Holder 

  
 The Holder further understands that the Holder of this Warrant represents to the Company that it is aware of the Company’s business affairs and
financial condition and has acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire this Warrant and the shares issuable upon exercise of this Warrant. The holder of this Warrant further
represents that it is acquiring this Warrant and the right to acquire the shares issuable upon exercise of this Warrant for investment purposes only, for its own account only and not with a view to, or for resale in connection with, any
“distribution” thereof within the meaning of the Securities Act. The holder of this Note acknowledges and understands that the shares issuable upon conversion of this Note will constitute “restricted securities” under the
Securities Act and will not have been registered under the Securities Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of the holder’s investment intent as expressed
herein. The certificates representing the Warrant Shares shall bear a legend substantially similar to the following: 
  
 “The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended (the “Act”) or under
applicable state securities laws, and may not be offered or sold except (1) pursuant to an effective registration statement under the Act or (2) upon the delivery by the holder to the Company of an opinion of counsel reasonably satisfactory to the
Company that such registration statement is not required under the Securities Act and the rules and regulations promulgated thereunder or under applicable state securities laws.” 
  

	VII.	Registration Rights 

  
 Within thirty (30) days of the date that is one year after the Vesting Date, or as soon as practicable thereafter, the Company shall cause to be prepared
and filed with the Securities and Exchange Commission (the “Commission”), and cause to become effective no later than sixty (60) days after the date of filing, or as soon as practicable thereafter, (the “Effective Date”), a
registration statement on Form S-1 (or such other available registration statement form that is eligible for use) (as may be amended from time to time, the “Registration Statement”) and such other documents, as may be necessary, in the
opinion of counsel for the Company, so as to permit a public offering and sale by the Holder of the Warrant Shares under the Securities Act. All expenses incurred in connection with the registration of the Warrant Shares, including without
limitation, all blue sky registration and filing fees, legal fees, accounting fees, printing expenses, other expenses and fees of experts used in connection with such registration and any fees and expenses incidental to any post-effective amendment
to the Registration Statement, shall be borne and paid by the Company. The Company shall take all reasonable efforts to keep such registration effective for a period of not less than two (2) years after the Effective Date, and 
  

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 shall take all reasonable efforts to cause the Warrant Shares at all times during such period to be freely tradable under
the Registration Statement, except as may be required under the Federal Securities laws, and shall take such other actions as may be necessary or advisable to enable the Holder to consummate the public sale of the Warrant Shares by the Holder under
the Registration Statement. 
  
 VIII.
Miscellaneous 
  
 8.1 Assignment. This Warrant and
the rights, obligations and duties of the Company or the Holders hereunder shall not be assignable or otherwise transferable by either party; provided, however, that in the event that Company is acquired by another entity and becomes a wholly-owned
subsidiary of that entity, then all references herein to Company shall also be applicable to its stockholder and such stockholder shall be bound by the terms hereof as if it were the Company. 
  
 8.2 Modification. No term or provision contained herein may be
modified, amended or waived except by written agreement or consent signed by the party to be bound thereby. 
  
 8.3 Binding Effect and Benefit. This Warrant shall inure to the benefit of, and shall be binding upon, the parties hereto, their heirs, executors,
administrators, personal representatives, successors in interest and permitted assigns. 
  
 8.4 Further Assurances. Company and Holder agree that from time to time hereafter, upon request, each party will, at such party’s sole expense, execute and deliver such other instruments and documents and
take such further action as may be reasonably necessary to carry out the intent of this Warrant. 
  
 8.5 Governing Law; Waiver of Jury Trial. This Warrant shall be interpreted, and the rights and liabilities of the parties hereto determined, in
accordance with the internal laws (as opposed to conflicts of law provisions) of the State of Delaware. As part of the consideration for new value this day received, the Holder hereby consents to the jurisdiction of any state or federal court
located within Wilmington, Delaware. Each of the Company and the Holder hereby irrevocably and unconditionally waives trial by jury in any suit or proceeding arising out of or related to this Warrant. 
  
 8.6 Incorporation by Reference. All exhibits and documents referred to
in this Warrant shall be deemed incorporated herein by any reference thereto as if fully set out herein. 
  
 8.7 Headings and Captions. Subject headings and captions are included for convenience purposes only and shall not affect the interpretation of this
agreement. 
  

 6 

 8.8 Notice. All notices, requests, demands and other communications permitted or required
hereunder shall be in writing, and either (i) delivered in person, (ii) sent by express mail or other overnight delivery service providing receipt of delivery, (iii) mailed by certified or registered mail, postage prepaid, return receipt requested
or (iv) sent by telex, telegraph or other facsimile transmission as follows: 
  

			
	If to Company addressed or delivered in person to:	  	 Access Worldwide Communications, Inc.
 4950
Communications Avenue, Suite 300
 Boca Raton, Florida 33431
 Attention: Richard Lyew
 Fax:                                      
                        

		
	 With a copy to:
	  	 Kenneth Shapiro, Esq. and Michael Sontag, Esq.
 Shapiro
Sontag Lawyers
 1776 North Pine Island Road, Suite 326
 Fort
Lauderdale, Florida 33322
 Fax: (954) 382-9008

		
	If to the Holder,	  	  

	addressed or delivered in	  	  

	person to:	  	  

	 	  	  

  
 or to such other address as either
party may designate by notice in accordance with this Section. 
  
 Any such notice or communication, if given or made by prepaid, registered or certified mail or by recorded express delivery, shall be deemed to have been made when actually received. 
  
 8.9 Severability. If any portion of this Warrant is held invalid,
illegal or unenforceable, such determination shall not impair the enforceability of the remaining terms and provisions herein, which may remain effective, and to this end this Warrant is declared to be severable. 
  
 8.10 Waiver. No waiver of a default, breach or other violation of any
provision of this Warrant shall operate or be construed as a waiver of any subsequent default, breach or other violation or limit or restrict any right or remedy otherwise available. No delay or omission on the part of the Holder to exercise any
right or power arising by reason of a default shall impair any such right or power or prevent its exercise at any time during the continuance thereof. 
  
 8.11 Gender and Pronouns. Throughout this Warrant, the masculine shall include the feminine and neuter and the singular shall include the plural
and vice versa as the context requires. 
  
 8.12 Entire
Agreement. This Warrant constitutes the entire agreement of the parties and supersedes any and all other prior agreements, oral or written, with respect to the subject matter contained herein. 
  
 [SIGNATURES ON FOLLOWING PAGE] 
  

 7 

 IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed and delivered as of
the              day of June, 2003. 
  

			
	ACCESS WORLDWIDE COMMUNICATIONS
		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

 8 

 EXHIBIT A 
  
 EXERCISE NOTICE 
  
 [To be executed only upon exercise of Warrant] 
  
 The undersigned registered owner of this Warrant irrevocably exercises this Warrant for the purchase of the number of shares of Common Stock of Access
Worldwide Communications, Inc. as is set forth below, and herewith makes payment therefor, all at the price and on the terms and conditions specified in the attached Warrant Certificate and requests that certificates for the shares of Common Stock
hereby purchased (and any securities or other property issuable upon such exercise) be issued in the name of and delivered to the person specified below whose address is set forth below, and, if such shares of Common Stock shall not include all of
the shares of Common Stock now and hereafter issuable as provided in the attached Warrant Certificate, then Access Worldwide Communications, Inc. shall, at its own expense, promptly issue to the undersigned a new Warrant Certificate of like tenor
and date for the balance of the shares of Common Stock issuable thereunder. 
  

			
	 Date:
	 	  

		
	Amount of Shares Purchased:	 	  

		
	Aggregate Purchase Price: $	 	  

		
	Printed Name of Registered Holder:	 	  

		
	Signature of Registered Holder:	 	  

  

			
	 NOTICE:
	  	The signature on this Exercise Notice must correspond with the name as written upon the face of the attached Warrant Certificate in every particular, without alteration or enlargement or any
change whatsoever.

  
 Stock Certificates to be issued and
registered in the following name, and delivered to the following address: 
  

	
	  

	(Name)
	  

	(Street Address)
	  
  

	(City)
                                        (State)
                    (Zip Code)

  

 9Form of 5% Convertible Promissory Note

 Exhibit 4.2 
  
 THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR
UNDER ANY APPLICABLE STATE SECURITIES LAW AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL THAT SUCH REGISTRATION STATEMENT IS NOT
REQUIRED UNDER THE SECURITIES ACT AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER OR UNDER APPLICABLE STATE SECURITIES LAWS. 
  
 $                     
  
 ACCESS WORLDWIDE COMMUNICATIONS, INC. 
  
 5.0% Convertible Promissory Note 
  
 ACCESS WORLDWIDE COMMUNICATIONS, INC., a Delaware corporation (along with its
subsidiaries, the “Company”), promises to pay to
                                        
(the “Holder”) the principal sum of                              Dollars and
        /100 ($            ) on the Maturity Date (as defined below), together with accrued and unpaid interest thereon. 
  
 Pursuant to this promissory note (the “Note”), the Holder is
funding
                                        
Dollars ($            ) in cash or other immediately available funds to the Company on the date of execution hereof. 
  
 This Note shall mature on the date (the “Maturity Date”) that is the earliest of (a) 39 months from the date of
issuance (the “Issuance Date”) or (b) upon a Change of Control (as defined below), in either case, only after (i) all amounts due under any and all agreements or other instruments evidencing the Company’s Institutional Debt (as
defined below) have been indefeasibly paid in full in cash or (ii) the holder of the Company’s Institutional Debt consents in writing to the repayment of the principal amount hereof and all accrued and unpaid interest thereon. Provided,
however, that if the principal amount hereof and all accrued and unpaid interest thereon are not paid at the Maturity Date, such failure to pay shall result in an Event of Default as described in Section 3 hereof and interest hereon shall accrue at
Default Rate (as defined below) and the Holder hereof shall be immediately entitled to receive, and the Company shall issue to the Holder as soon thereafter as practicable, that number of warrants (in the form attached as Exhibit
“A” hereto, the “Additional Warrant”) equal to fifty percent (50%) of the remaining outstanding principal balance of this Note as of the Maturity Date, and all accrued and unpaid interest hereon, divided by $1.00. 

 
 For purposes of this Note, a “Change of Control” shall be deemed
to occur on the effective date of any merger, consolidation, or reorganization which results in the holders of the outstanding voting securities of the Company (determined immediately prior to such merger or consolidation) owning less than an
majority of the outstanding voting securities of the surviving corporation (determined immediately following such merger or consolidation), or any sale or transfer by the Company of all or substantially all of its assets. Notwithstanding the
foregoing, a Change of Control 

 shall not be deemed to occur if the Company either merges or consolidates with or into another company or sells or
disposes of all or substantially all of its assets to another company, if such merger, consolidation, sale or disposition is in connection with a corporate restructuring wherein the stockholders of the Company immediately before such merger,
consolidation, sale, or disposition own, directly or indirectly, immediately following such merger, consolidation, sale, or disposition at least a majority of the combined voting power of all outstanding classes of securities of the company
resulting from such merger or consolidation, or to which the Company sells or disposes of its assets, in substantially the same proportion as their ownership in the Company immediately before such merger, consolidation, sale, or disposition.

  
 For purposes of this Note, “Institutional Debt”
means the principal of and premium, if any, and interest on (including interest which accrues after a bankruptcy, notwithstanding any law to the contrary), and any other indebtedness, obligations, liabilities, charges, fees, costs, and expenses
payable pursuant to the terms of instruments creating or evidencing indebtedness of the Company outstanding as of the date of initial issuance of this Note or indebtedness thereafter created, assumed, incurred, or guaranteed by the Company and its
affiliates, and all renewals, extensions, and refinances thereof, which is payable to banks, commercial finance companies, insurance companies or other institutional lenders including, without limitation, CapitalSource Finance LLC and its affiliates
(the “Senior Lender”). 
  
 Interest on the principal
amount of this Note shall accrue at the rate of five percent (5.0%) per annum from the original date of issuance of this Note. Interest accrued on the outstanding principal balance of this Note shall be payable in cash or other immediately available
funds to the Holder quarterly in arrears; provided that any such payment shall be made only from Excess Cash Flow of the Company (as such term is defined in the credit agreement with the Senior Lender) and the Company is in compliance with all
representations, covenants, and agreements under any and all credit agreements or other instruments evidencing the Company’s Institutional Debt, and provided that such payment will not cause the Company to violate any such representations,
covenants, and agreements. Copies of all credit agreements and other instruments evidencing the Company’s Institutional Debt are available for the Holder’s review at the Company’s executive offices. The first interest payment shall be
made on the last day of the Company’s next fiscal quarter following the execution of this Note and each subsequent interest payment shall be due on the last day of each quarterly period thereafter. In the event that any interest payment is not
made within 30 days of the date such interest payment comes due (“Interest Default Date”) then the interest rate of this Note shall increase to eight percent (8%) and the Company shall be required to pay to the Holder an amount equal to
the difference between the amount of the interest that would have been paid to the Holder had the interest rate hereon been eight percent (8%) at the original date of issuance of this Note and the amount of interest actually paid to the Holder thru
the Interest Default Date. Any unpaid interest accrued on the outstanding principal balance of this Note shall be payable in cash or other immediately available funds to the Holder upon the earlier of (i) the Maturity Date, (ii) upon acceleration of
all amounts due and owing hereunder in accordance with the terms hereinafter set forth or (iii) the date on which Holder elects to convert the principal amount of this Note into shares of the Company’s common stock, par value $0.01 per share,
(the “Common Stock”) in accordance with the terms described hereinafter. 
  

 2 

 The principal amount and all accrued and unpaid interest thereon may be paid before the Maturity Date, in
full or in part, subject to obtaining the prior written consent of the holder of the Company’s Institutional Debt, at any time by providing the Holder 30 days written notice of its intent to prepay all or any part of the Note. 
  
 Upon any bankruptcy, insolvency, dissolution, receivership, or other
proceeding involving the Company, all Institutional Debt shall first be indefeasibly paid in full in cash before any payment or distribution of any kind is made to the Holder of this Note and any payment or distribution that may be made with respect
to this Note, whether in cash, securities, or otherwise, shall be held in trust for the benefit of the holder of the Institutional Debt and immediately upon receipt delivered to the holder of the Institutional Debt. 
  
 This Note is being issued pursuant to an exemption from registration under
the Securities Act and the rules and regulations promulgated thereunder. 
  
 The Holder represents to the Company that it is aware of the Company’s business affairs and financial condition and has acquired sufficient information about the Company to reach an informed and knowledgeable
decision to acquire this Note and the shares issuable upon conversion of this Note. The holder of this Note further represents that it is acquiring this Note and the right to acquire the shares issuable upon conversion of this Note for investment
purposes only, for its own account only and not with a view to, or for resale in connection with, any “distribution” thereof within the meaning of the Securities Act. 
  
 1. Conversion. 
  
 (a) The Holder may convert all or any part of the principal amount of this Note, and any accrued and unpaid interest thereon, into shares of Common Stock,
at any time after the Effective Date (as defined below) and until all principal and accrued interest thereon is paid in full (the “Conversion Period”), at a conversion price equal to $1.00 per share, as adjusted as provided herein (the
“Conversion Price”), such that the Holder shall be entitled to receive upon conversion of all or any part of this Note that number of shares equal to the principal amount of this Note (and any accrued and unpaid interest thereon) requested
to be converted divided by the Conversion Price then in effect. The shares of such Common Stock, or other securities into which this Note may be converted as a result of transactions contemplated by Section 2 hereof, issuable upon conversion of this
Note are referred to herein as the “Conversion Shares.” 
  
 (b) The Company shall at all times cause to be reserved for issuance such number of authorized and unissued shares of Common Stock as shall be sufficient for conversion of this Note. Furthermore, the Company covenants that upon issuance of
the Conversion Shares in accordance with the terms hereof such shares shall be duly authorized, validly issued and outstanding, fully paid and non-assessable shares of Common Stock. 
  
 (c) The Company shall deliver a certificate or certificates for the Conversion Shares as soon as practicable after surrender
of this Note for conversion, but the person or persons to whom such certificates are issuable shall be considered the holder of record of such shares from the time this Note is surrendered. Except as described herein, this Note is not otherwise
convertible into any other shares of the Company’s capital stock. 
  

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 (d) The certificates representing the Conversion Shares shall bear a legend substantially similar to the
following: 
  
 “The securities represented by this
certificate have not been registered under the Securities Act of 1933, as amended (the “Act”), and may not be offered or sold except (1) pursuant to an effective registration statement under the Act or (2) upon the delivery by the holder
to the Company of an opinion of counsel that an exemption from registration under such Act is available.” 
  
 2. Anti-dilution. 
  
 (a) Stock Splits and Combinations. If the Company shall combine all of its outstanding shares of Common Stock into a smaller number of shares, the
number of Conversion Shares issuable hereunder shall be proportionately decreased and the Conversion Price in effect immediately prior to such combination shall be proportionately increased, as of the effective date of such combination, as follows:
(i) the number of Conversion Shares purchasable immediately prior to the effective date of such combination shall be adjusted so that the Holder of this Note, if converted on or after that date, shall be entitled to receive the number and kind of
Conversion Shares which the Holder of this Note would have owned and been entitled to receive as a result of the combination had the Note been converted immediately prior to that date and (ii) the Conversion Price in effect immediately prior to such
adjustment shall be adjusted by multiplying such Conversion Price by a fraction, the numerator of which is the aggregate number of Conversion Shares purchasable upon conversion of this Note immediately prior to such adjustment, and the denominator
of which is the aggregate number of Conversion Shares purchasable upon conversion of this Note immediately thereafter. If the Company shall subdivide all of its outstanding shares of Common Stock, the number of Conversion Shares shall be
proportionally increased and the Conversion Price in effect immediately prior to such subdivision shall be proportionately decreased, as of the effective date of such subdivision, as follows: (i) the number of Conversion Shares purchasable upon the
conversion of this Note immediately prior to the effective date of such subdivision, shall be adjusted so that the Holder of this Note, if converted on or after that date, shall be entitled to receive the number and kind of Conversion Shares which
the Holder of this Note would have owned and been entitled to receive as a result of the subdivision had the Note been converted immediately prior to that date and (ii) the Conversion Price in effect immediately prior to such adjustment shall be
adjusted by multiplying the Conversion Price by a fraction, the numerator of which is the aggregate number of Conversion Shares purchasable upon conversion of this Note immediately prior to such adjustment, and the denominator of which is the
aggregate number of Conversion Shares purchasable upon conversion of this Note immediately thereafter. 
  

 4 

 (b) Stock Dividends and Distributions. If the Company shall fix a record date for the holders of
its Common Stock entitled to receive a dividend or other distribution payable in additional shares of Common Stock, then the number of Conversion Shares shall be proportionately increased and the Conversion Price in effect immediately prior to the
time of such issuance or the close of business on such record date shall be proportionately decreased, as of the time of such issuance, or in the event such record date is fixed, as of the close of business on such record date, as follows: (i) the
number of Conversion Shares purchasable immediately prior to the time of such issuance or the close of business on such record date shall be adjusted so that the Holder of this Note, if converted after that date, shall be entitled to receive the
number and kind of Conversion Shares and additional shares of Common Stock of the Company which the Holder of this Note would have owned and been entitled to receive as a result of the dividend or other distribution had the Note been converted
immediately prior to that date, and (ii) the Conversion Price in effect immediately prior to such adjustment shall be adjusted by multiplying such Conversion Price by a fraction, the numerator of which is the aggregate number of shares of Common
Stock purchasable upon conversion of this Note immediately prior to such adjustment, and the denominator of which is the aggregate number of shares of Common Stock purchasable upon conversion of this Note immediately thereafter. 
  
 (c) Other Dividends and Distributions. If the Company shall fix a
record date for the holders of Common Stock entitled to receive a dividend or other distribution payable in securities of the Company other than shares of Common Stock, then lawful and adequate provision shall be made so that the Holder of this Note
shall be entitled to receive upon conversion of this Note, for the Conversion Price in effect immediately prior thereto, in addition to the number of Conversion Shares immediately theretofore issuable upon conversion of this Note, the kind and
number of securities of the Company which the Holder would have owned and been entitled to receive had the Note been converted immediately prior to the date of such dividend or other distribution. 
  
 (d) Reclassification, Exchange and Substitution. If the Common Stock
is changed into the same or a different number of shares of any class or classes of stock, whether by recapitalization, reclassification or otherwise (other than by a subdivision or combination of shares or stock dividend or a reorganization,
merger, consolidation or sale of assets, provided for elsewhere in this Section 2), then the Holder of this Note shall be entitled to receive upon conversion of this Note, in lieu of the Conversion Shares immediately theretofore issuable upon
conversion of this Note, for the aggregate Conversion Price in effect prior thereto, the kind and amount of stock and other securities and property receivable upon such recapitalization, reclassification or other change, which the Holder of this
Note would have owned and been entitled to receive had this Note been converted immediately prior to such recapitalization, reclassification or other change (in any event, subject to further anti-dilution protection as provided in this Section 2).

  
 (e) Reorganizations, Mergers, Consolidations or Sales of
Assets. If any of the following transactions (each, a “Special Transaction”) shall become effective: (i) a capital reorganization, share exchange, or exchange offer (other than a recapitalization, subdivision, combination,
reclassification or exchange of shares provided for elsewhere in this Section 2), (ii) a consolidation or merger of the Company with and into another entity, or (iii) a sale or conveyance of all or substantially all of the Company’s assets,
then as a condition of any Special Transaction, lawful and adequate provision shall be made so that the Holder of this Note shall thereafter have the right to purchase and receive upon conversion of this Note, in lieu of the Conversion Shares
immediately 
  

 5 

 theretofore issuable upon conversion of this Note, for the Conversion Price in effect immediately prior to such
conversion, such shares of stock, other securities, cash or other assets as may be issued or payable in and pursuant to the terms of such Special Transaction to the holders of shares of Common Stock for which this Note could have been converted
immediately prior to such Special Transaction. 
  
 (f)
Liquidation. If the Company shall, at any time prior to the end of the Conversion Period, dissolve, liquidate or wind up its affairs, the Holder shall have the right, but not the obligation, to convert this Note. Upon such conversion, the
Holder shall have the right to receive, in lieu of the Conversion Shares that the Holder otherwise would have been entitled to receive upon such conversion, the same kind and amount of assets as would have been issued, distributed or paid to the
Holder upon any such dissolution, liquidation or winding up with respect to such Conversion Shares had the Holder been the holder of record of such Conversion Shares on the date for determining those entitled to receive any such distribution.

  
 (g) Notice. Whenever this Note or the number of
Conversion Shares is to be adjusted as provided herein, the Company shall forthwith as soon as practicable cause to be sent to the Holder a notice stating in reasonable detail the relevant facts and any resulting adjustments and the calculation
thereof. 
  
 (h) Fractional Interests. The Company shall
not be required to issue fractions of shares of Common Stock upon the conversion of this Note. If any fraction of a share of Common Stock would be issuable upon the conversion of this Note, the Company shall, upon such issuance, purchase such
fraction for an amount in cash equal to the current value of such fraction, computed on the basis of the last reported closing price of the Common Stock on the securities exchange or quotation system on which the shares of Common Stock are then
listed or traded, as the case may be, if any, on the last business day prior to the date of conversion upon which such a sale shall have been effected, or, if the Common Stock is not so listed or traded on an exchange or quotation system, as the
Board of Directors of the Company may in good faith determine. 
  
 (i) Effect of Alternate Securities. If at any time, as a result of an adjustment made pursuant to this Section 2, the Holder of this Note shall thereafter become entitled to receive any securities of the Company other than shares of
Common Stock, then the number of such other securities receivable upon conversion of this Note shall be subject to adjustment from time to time on terms as nearly equivalent as practicable to the provisions with respect to shares of Common Stock
contained in this Section 2. 
  
 (j) Successive
Application. The provisions of this Section 2 shall apply from time to time to successive events covered by this Section 2. Upon the occurrence of any event contemplated by this Section 2, all references to Common Stock and to the Company and to
other defined terms herein shall be equitably adjusted to protect the interests of the Holder. 
  
 3. Events of Default. Subject to the terms of any agreements or instruments evidencing the Company’s Institutional Debt, and subject to the rights of the holders of such Institutional Debt, the occurrence
of any one or more of the following shall constitute an “Event of Default” hereunder: 
  
 (a) nonpayment by the Company of any portion of the principal or interest when due in accordance with the terms hereof; 
  

 6 

 (b) the Company (i) suspending or discontinuing its business, (ii) making an assignment for the benefit
of creditors, or (iii) filing a voluntary petition in bankruptcy or having a petition in bankruptcy filed against it. 
  
 If an Event of Default occurs, then, subject to the terms of any agreements or instruments evidencing the Company’s Institutional Debt, and subject to the rights of
the holders of such Institutional Debt, (i) the Holder may declare the principal amount of this Note and all accrued and unpaid interest thereon to be immediately due and payable, (ii) the rate of interest on the outstanding principal amount shall
increase to the lesser of sixteen percent (16%) per annum or the maximum rate of interest allowable by law as of the date of the occurrence of the Event of Default (the “Default Rate”), (iii) the Company shall be required to pay to the
Holder an amount equal to the difference between the amount of interest that would have been paid to the Holder had the interest rate hereon been the Default Rate at the original date of issuance of this Note and the amount of the interest actually
paid to the Holder thru the Maturity Date, and (iv) the Holder shall be immediately entitled to received, and the Company shall as soon thereafter as practicable issue, the Additional Warrant. 
  
 4. Registration Rights. Within thirty (30) days of the date that is
one year after the Issuance Date, or as soon as practicable thereafter, the Company shall cause to be prepared and filed with the Securities and Exchange Commission (the “Commission”), and cause to become effective no later than sixty (60)
days after the date of filing, or as soon as practicable thereafter (the “Effective Date”), a registration statement on Form S-1 (or such other available registration statement form that is eligible for use) (as may be amended from time to
time, the “Registration Statement”) and such other documents, as may be necessary, in the opinion of counsel for the Company, so as to permit a public offering and sale by the Holder of the Conversion Shares under the Securities Act. All
expenses incurred in connection with the registration of the Conversion Shares, including without limitation, all blue sky registration and filing fees, legal fees, accounting fees, printing expenses, other expenses and fees of experts used in
connection with such registration and any fees and expenses incidental to any post-effective amendment to the Registration Statement, shall be borne and paid by the Company. The Company shall take all reasonable efforts to keep such registration
effective for a period of not less than two (2) years after the Effective Date, and shall take all reasonable efforts to cause the Conversion Shares at all times during such period to be freely tradable under the Registration Statement, except as
may be required under the Federal Securities laws, and shall take such other actions as may be necessary or advisable to enable the Holder to consummate the public sale of the Conversion Shares by the Holder under the Registration Statement.

  
 5. Use of Proceeds. The Company shall use the proceeds
obtained from the sale of this Note for its working capital needs. 
  
 6. Miscellaneous. 
  
 (a) Usury. Nothing
herein contained, nor any transaction related hereto, shall be construed or so operate as to require the Company to pay interest at a greater rate than is now lawful, or to make any payment, or to do any act contrary to law. 
  

 7 

 (b) Ownership. The Holder shall be deemed to be the owner of this Note for all purposes, and the
full payment of interest and principal under this Note to the Holder shall constitute the full and complete discharge of the Company for such purposes. 
  
 (c) Assignment. This Note and the rights, obligations and duties of the Company or the Holder hereunder shall not be assignable or otherwise
transferable by either party; provided, however, that in the event that Company is acquired by another entity and becomes a wholly-owned subsidiary of that entity, then all references herein to Company shall also be applicable to its shareholder and
such shareholder shall be bound by the terms hereof as if it were the Company. 
  
 (d) Modification. No term or provision contained herein may be modified, amended or waived except by written agreement or consent signed by the party to be bound thereby. 
  
 (e) Binding Effect and Benefit. This Note shall inure to the benefit
of, and shall be binding upon, the parties hereto, their heirs, executors, administrators, personal representatives, successors in interest and permitted assigns. 
  
 (f) Further Assurances. Company and Holder agree that from time to time hereafter, upon request, each party will, at
such party’s sole expense, execute and deliver such other instruments and documents and take such further action as may be reasonably necessary to carry out the intent of this Note. 
  
 (g) Governing Law; Waiver of Jury Trial. This Note shall be interpreted, and the rights and liabilities of the
parties hereto determined, in accordance with the internal laws (as opposed to conflicts of law provisions) of the State of Delaware. As part of the consideration for new value this day received, the Holder hereby consents to the jurisdiction of any
state or federal court located within Wilmington, Delaware. Each of the Company and the Holder hereby irrevocably and unconditionally waives trial by jury in any suit or proceeding arising out of or related to this Note. 
  
 (h) Incorporation by Reference. All exhibits and documents referred to
in this Note shall be deemed incorporated herein by any reference thereto as if fully set out herein. 
  
 (i) Headings and Captions. Subject headings and captions are included for convenience purposes only and shall not affect the interpretation of this
agreement. 
  

 8 

 (j) Notice. All notices, requests, demands and other communications permitted or required
hereunder shall be in writing, and either (i) delivered in person, (ii) sent by express mail or other overnight delivery service providing receipt of delivery, (iii) mailed by certified or registered mail, postage prepaid, return receipt requested
or (iv) sent by telex, telegraph or other facsimile transmission as follows: 
  

			
	 If to Company
 addressed or delivered
 in person to:
	 	 Access Worldwide Communications, Inc.
 4950
Communications Avenue, Suite 300
 Boca Raton, Florida 33431
 Attention: Richard Lyew

	 	 	Fax:                                      
                        
		
	With a copy to:	 	 Kenneth Shapiro, Esq. and Michael Sontag, Esq.
 Shapiro Sontag Lawyers
 1776 North Pine Island Road, Suite 326
 Fort Lauderdale, Florida 33332
 Fax: (954) 382-9008

		
	If to the Holder,	 	  

	addressed or delivered	 	  

	in person to:	 	  

	 	 	  

  
 or to such other address as either
party may designate by notice in accordance with this Section. 
  
 Any such notice or communication, if given or made by prepaid, registered or certified mail or by recorded express delivery, shall be deemed to have been made when actually received. 
  
 (k) Severability. If any portion of this Note is held invalid, illegal
or unenforceable, such determination shall not impair the enforceability of the remaining terms and provisions herein, which may remain effective, and to this end this Note is declared to be severable. 
  
 (l) Waiver. No waiver of a default, breach or other violation of any
provision of this Note shall operate or be construed as a waiver of any subsequent default, breach or other violation or limit or restrict any right or remedy otherwise available. No delay or omission on the part of the Holder to exercise any right
or power arising by reason of a default shall impair any such right or power or prevent its exercise at any time during the continuance thereof. 
  
 (m) Gender and Pronouns. Throughout this agreement, the masculine shall include the feminine and neuter and the singular shall include the plural
and vice versa as the context requires. 
  
 (n) Entire
Agreement. This Note constitutes the entire agreement of the parties and supersedes any and all other prior agreements, oral or written, with respect to the subject matter contained herein. 
  
 [SIGNATURES ON FOLLOWING PAGE] 
  

 9 

 SIGNATURE PAGE TO CONVERTIBLE PROMISSORY NOTE 
  
 IN WITNESS WHEREOF, the Company has signed and sealed this Note on
this              day of
                            , 2003. 
  

			
	ACCESS WORLDWIDE COMMUNICATIONS, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 10

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