Document:

<PAGE>

                                                                    Exhibit 10.3

                       LIMITED SOFTWARE LICENSE AGREEMENT.

     This limited software license agreement ("License") is made as of February
13, 2006, by and between DATATRAK International, Inc., an Ohio corporation
("DATATRAK") and Jim Bob Ward, an individual residing in the vicinity of Bryan,
Texas ("Licensee").

     WHEREAS, contemporaneously herewith DATATRAK has entered into an Agreement
and Plan of Merger with ClickFind, Inc. (the "Merger Agreement"), an entity of
which Licensee was principal shareholder and which had developed certain
software, as described more fully below (and identified hereinafter as the
"ClickFind Software" or "Software"), pursuant to which ClickFind, Inc.
("ClickFind") merged into a wholly-owned subsidiary of DATATRAK; and

     WHEREAS DATATRAK has thereby acquired all rights in and to the ClickFind
Software and is the sole owner thereof and all rights therein; and

     WHEREAS, Licensee has contemporaneously entered into an employment
agreement with DATATRAK ("Employment Agreement"); and

     WHEREAS, Licensee desires to secure the right to use the Software in
connection with certain activities unrelated to DATATRAK and his employment with
DATATRAK (as hereinafter specified); and

     WHEREAS, DATATRAK, as a condition of the Merger Agreement, is willing to
grant to Licensee a nonexclusive license to use the Software, subject to the
terms and conditions hereof;

     NOW, THEREFORE, in consideration of the mutual covenants herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

     1.   Software

          The "ClickFind Software" or "Software" means the software developed by
     ClickFind, in both source and object code forms, including all existing
     parts, translations and documentation therefor, as described more fully in
     Exhibit A hereto and made available to Licensee by DATATRAK upon the
     execution of this License.

     2.   License Grant

          Subject to the terms hereof, DATATRAK hereby grants to Licensee, and
     Licensee hereby accepts from DATATRAK, for so long as this License is in
     effect, a limited, royalty-free, perpetual, revocable (but only as set
     forth herein), worldwide, non-exclusive license to do the following:

          (a) Copy and use the Software for its internal uses and in conjunction
     with commercial exploitation of the Software or Modifications (as defined
     below) by sublicense to third parties, as described below, but all strictly
     limited to certain permitted uses ("Permitted Uses"). As used herein, the
     parties agree that the term "Permitted Uses" shall mean any uses EXCEPT
     those uses or activities related to clinical trials;

<PAGE>

     pharmaceuticals or medical devices; chemical, biological or medical
     research; healthcare; the aggregation, analysis or reporting of data or
     results related to any of the foregoing; or any prior use, distribution or
     commercial exploitation of the Software by ClickFind, provided that
     Permitted Uses shall include such use on behalf of the designated
     non-profit community, government, church, youth, education, civic, social
     service, emergency relief, and information and referral assistance
     organizations agreed upon by the parties and listed in Exhibit D.

          (b) Make and create Modifications (as defined below) of the Software.

          (c) Sublicense and distribute copies of the Software or otherwise make
     the Software available, in executable form only subject to a written end
     user license agreement ("EULA") in a form including terms at least as
     exacting and protective as those set out in Exhibit B, to third parties
     engaged only in Permitted Uses (hereinafter "End User Sublicensees"),
     provided that Licensee agrees to enforce strictly against any End User
     Sublicensee the terms of the applicable EULA, and provided further that
     Licensee agrees, upon reasonable advance request to timely identify each
     End User Sublicensee to DATATRAK in writing, and maintains (and provides to
     DATATRAK, upon reasonable request) a complete list of the names and
     addresses of each End User Sublicensee to whom/which a copy of the Software
     has been provided or made available, the date(s) on which the Software was
     so provided or made available and a copy of each EULA.

          (d) Sublicense the Software, in executable form only, subject to a
     written third party sublicense agreement acceptable in form to DATATRAK,
     including terms at least as exacting and protective as those set out in
     Exhibit C ("Third Party License Agreement"), to third parties (including
     distributors, OEMs, business partners and similar third parties) engaged
     only in Permitted Uses who work with Licensee to market or distribute the
     Software to customers engaged only in Permitted Uses (hereinafter "Third
     Party Sublicensees"), provided that Licensee agrees to enforce strictly
     against any Third Party Sublicensee the terms of the applicable Third Party
     License Agreement, and provided further that Licensee agrees, upon
     reasonable advance request to timely identify each Third Party Sublicensee
     to DATATRAK in writing, and maintains (and provides to DATATRAK, upon
     reasonable request) a complete list of the names and addresses of each
     Third Party Sublicensee to whom/which a copy of the Software has been
     provided or made available, the date(s) on which the Software was so
     provided or made available and a copy of each Third Party License
     Agreement.

     3.   Term

          This License shall remain in effect unless and until it is terminated,
     as provided below.

     4.   Proprietary Rights, Confidentiality

          (a) Licensee acknowledges that the DATATRAK is the owner of all right,
     title and interest in and to the Software, including without limitation all
     inventions, original works of authorship, patent rights, copyrights,
     trademarks, trade secrets, mask works and other proprietary rights therein,
     and agrees to take any and all such actions as

                                        2

<PAGE>

     DATATRAK may request in order to secure, perfect or protect such rights,
     including, without limitation, executing such documents (including, e.g.,
     assignments) as may be necessary to effect such purpose.

          (b) Licensee agrees that neither he nor any party acting with him,
     with his authorization or on his behalf will sublicense, publish,
     distribute, disclose, disseminate, copy, reproduce or use the Software,
     except as expressly permitted herein.

          (c) DATATRAK acknowledges that the Licensee is the owner of all right,
     title and interest in and to changes made by Licensee to the Software for
     Permitted Uses, exclusive of the Software ("Modifications"), including
     without limitation all inventions, original works of authorship, patent
     rights, copyrights, trademarks, trade secrets, mask works and other
     proprietary rights therein, and agrees to take any and all such actions as
     Licensee may request in order to secure, perfect or protect such rights,
     including, without limitation, executing such documents (including, e.g.,
     assignments) as may be necessary to effect such purpose.

          (d) Licensee agrees to take all actions necessary to keep the source
     code of the Software in strict confidence and to prevent any unauthorized
     access thereto, and to assist DATATRAK in identifying and preventing any
     use or disclosure of the Software in any manner which is not expressly
     permitted by this License. Without limitation of the foregoing, Licensee
     shall promptly advise DATATRAK if Licensee learns of any such unauthorized
     use or disclosure, and will cooperate fully with DATATRAK in any action or
     proceeding to stop such use or disclosure.

          (e) Acknowledging that any use or disclosure of the Software in a
     manner inconsistent with the provisions of this License is likely to cause
     DATATRAK irreparable harm for which other remedies would be inadequate,
     Licensee agrees that DATATRAK shall have a right to petition for injunctive
     or other equitable relief from a court of competent jurisdiction as may be
     necessary or appropriate to prevent any use or disclosure of the Software
     in any manner which has not been expressly authorized by DATATRAK.

          (f) If DATATRAK so requires, each copy of the Software or any
     Modification distributed or made available by Licensee shall include a
     copyright notice in the following form: "(C) 20XX DATATRAK All rights
     reserved," (or, in the case of Modifications: "Certain portions of this
     software are (C) 20XX DATATRAK All rights reserved"). Other than the
     foregoing, Licensee may not use the DATATRAK name or any DATATRAK mark
     without DATATRAK's express permission.

     5.   NO WARRANTY, DAMAGES

          (a) LICENSEE ACKNOWLEDGES THAT THE SOFTWARE IS LICENSED TO LICENSEE
     "AS IS," AND THAT DATATRAK MAKES NO WARRANTIES WHATSOEVER WITH RESPECT TO
     THE SOFTWARE OR PERFORMANCE THEREOF AND EXPRESSLY DISCLAIMS ANY IMPLIED
     WARRANTIES, INCLUDING IMPLIED WARRANTIES OF NONINFRINGEMENT,
     MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

                                        3

<PAGE>

          (b) LICENSEE FURTHER ACKNOWLEDGES THAT DATATRAK SHALL NOT BE LIABLE
     FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES IN
     CONNECTION WITH THE SOFTWARE, MODIFICATIONS OR THIS LICENSE, INCLUDING ANY
     DOWN-TIME, LOSS OF DATA, LOSS OF BUSINESS, LOSS OF PROFITS, OR INABILITY TO
     USE THE SOFTWARE OR MODIFICATIONS, WHETHER OR NOT FORESEEABLE, EVEN IF
     DATATRAK HAS BEEN NOTIFIED OF THE POSSIBILITY THEREOF.

     6.   Obligations of Licensee

          (a) Applicable Laws Licensee shall comply with all applicable laws in
     connection with the Software and Modifications, including, without
     limitation, the export control laws of the United States and prevailing
     regulations which may be issued from time to time by the United States
     Department of Commerce and Department of State concerning the export of
     software. Without limiting the generality of the foregoing, Licensee shall
     not export or re-export the Software or Modifications to any country
     without first obtaining the written consent of DATATRAK and, where
     necessary, the United States government. Licensee shall, at his sole cost
     and expense, maintain in effect all permits, licenses and other consents
     necessary to the conduct of his activities under this License.

          (b) Indemnity Licensee shall defend, indemnify and hold DATATRAK
     harmless from and against any and all losses, damages, liabilities or costs
     of any kind or nature, including attorney fees, arising from or incurred by
     DATATRAK as a result of any allegation or claim by any third party
     (specifically including any End User Sublicensee or Third Party
     Sublicensee) related to Licensee's use, modification, distribution or
     sublicense of the Software or any Modification or any act or omission of
     Licensee related thereto, or from the transfer, removal and elimination of
     domains and websites of those entities and individuals referenced in
     Section 2(a) of this License from the DATATRAK (formerly ClickFind) hosting
     environment, as described below, provided that DATATRAK will promptly
     notify Licensee of any such allegation or claim.

          (c) Transfer of Hosted Websites Within ninety (90) days following
     execution of this License, Licensee will transfer, remove and eliminate all
     unauthorized domains and websites, including those of entities and
     individuals referenced in Section 2(a) of this License, from the DATATRAK
     (formerly ClickFind) hosting environment, including all associated hardware
     and software. Licensee will be responsible for all and all costs and
     liabilities associated with transferring, removing and eliminating such
     domains and websites from the DATATRAK hosting environment.

     7.   Default

     Licensee will be in default of this License in the event that he:

          (a) fails to comply with Licensee's obligations under Section 4 of
     this License;

                                        4

<PAGE>

          (b) fails to comply with any material term, condition or covenant
     contained herein other than in Section 4 of this License;

          (c) files a petition in bankruptcy or a petition or answer seeking a
     reorganization or other similar relief, is adjudicated a bankrupt under any
     involuntary petition for bankruptcy or similar proceeding, makes a general
     assignment for the benefit of creditors, or becomes insolvent or unable to
     pay his debts generally as they mature;

          (d) transfers, assigns or sells or attempts to transfer, assign or
     sell his rights hereunder in violation of Section 10 of this License; or

          (e) violates, as determined by a court of competent jurisdiction, any
     of the non-competition or non-solicitation provisions of his Employment
     Agreement.

     8.   Remedies

          (a) In the event of any default by Licensee that involves a
     misappropriation or misuse of the Software's source code (including
     Subsections (a), (c), (d) and (e) of Section 7 of this License), in
     addition to any other remedies available to it, DATATRAK may immediately
     and without notice (i) terminate this License and any license or sublicense
     granted hereunder; (ii) retake possession of the Software and all copies
     thereof in whatever form, with or without process of law, notice or a
     hearing (each of which Licensee hereby waives); and (iii) enjoin Licensee
     from any further use, modification, distribution or sublicense of the
     Software or any Modification.

          (b) In the event of any default by Licensee not referenced in
     Subsection (a) of Section 8 of this License, then, in addition to any other
     remedies available to it, DATATRAK shall provide written notification to
     Licensee of the condition of default and Licensee shall have thirty (30)
     days to cure the default. Thereafter, unless the parties have a good faith
     dispute as to whether the alleged default is an actual default or whether
     or not Licensee succeeded in curing the default, if Licensee fails to cure,
     DATATRAK may immediately and without notice (i) terminate this License and
     any license or sublicense granted hereunder; (ii) retake possession of the
     Software and all copies thereof in whatever form, with or without process
     of law, notice or a hearing (each of which Licensee hereby waives); and
     (iii) enjoin Licensee from any further use, modification, distribution or
     sublicense of the Software or any Modification. If the parties have a good
     faith dispute as to whether the alleged default is an actual default or
     whether or not Licensee succeeded in curing the default, then DATATRAK
     shall only have the right to (i) terminate this License and any license or
     sublicense granted hereunder; (ii) retake possession of the Software and
     all copies thereof in whatever form, with or without process of law, notice
     or a hearing (each of which Licensee hereby waives); and (iii) enjoin
     Licensee from any further use, modification, distribution or sublicense of
     the Software or any Modification, upon determination by a court of
     competent jurisdiction that Licensee is actually in default.

          (c) All rights of DATATRAK hereunder or under any applicable law shall
     be cumulative and not alternative. No failure by DATATRAK to exercise any
     right shall constitute a waiver thereof or of any subsequent event of
     default. Licensee agrees to pay or reimburse DATATRAK for all out-of-pocket
     costs and expenses, including, without

                                        5

<PAGE>

     limitation, legal fees and travel costs, paid or incurred by DATATRAK in
     connection with the enforcement of DATATRAK's rights and remedies upon the
     occurrence of Licensee's default.

     9.   Taxes

          Licensee shall pay any sales, use, excise, franchise, or personal
     property taxes imposed, levied, or assessed, on this License, the Software,
     any Modifications, or the use of the Software or Modifications by Licensee.

     10.  Assignment

          (a) Neither this License nor any of Licensee's rights or obligations
     hereunder may be assigned by Licensee without the prior written consent of
     DATATRAK. Commencing five (5) years after this License becomes effective,
     DATATRAK's consent to such assignment shall not unreasonably be withheld,
     provided that Licensee has first given DATATRAK a right of first refusal to
     match any bona fide offer from a prospective assignee to acquire this
     License, and DATATRAK has elected not to exercise such right.

          (b) For any assignment of this License, the assignee shall agree to
     abide by and honor the terms of this License in their entirety, and no such
     assignment shall alter the scope of the Permitted Uses. Subject to the
     foregoing, this License shall inure to the benefit of and be binding upon
     the parties hereto and their successors and assigns.

     11.  Notice

          Whenever notice is required or permitted to be given or delivery
     required to be made under the provisions of this License, such notice or
     delivery shall be given or made to the following addresses for the
     following parties:

               If to DATATRAK:

               DATATRAK International, Inc.
               6150 Parkland Boulevard, Suite 100
               Mayfield Heights, OH 44124

               Attention: Terry Black, CFO

               If to Licensee:

               Jim Bob Ward
               16794 Woodlake Dr.
               College Station, TX 77845

     Notice shall be deemed duly given when the same has been (a) sent via
     telecopier, (b) deposited with an overnight courier service or (c)
     deposited in the United States mail, with postage fully prepaid as
     certified or registered mail, addressed to the party at its address as it
     appears above.

                                        6

<PAGE>

     12.  Governing Law

          This License shall be enforced under and governed by the laws of the
     State of Ohio, U.S.A., excluding its conflict of laws provisions. Exclusive
     jurisdiction of any dispute regarding this License or the subject matter
     hereof shall rest in the state or federal courts sitting in Cuyahoga County
     in the State of Ohio, and each party hereto hereby consents to submit to
     the personal jurisdiction of such courts.

     13.  General

          (a) Any provision of this License held to be prohibited or
     unenforceable shall be ineffective to the extent of such prohibition or
     unenforceability without invalidating the remaining provisions hereof,
     provided that this License shall not then substantially deprive either
     party of the bargained-for performance of the other.

          (b) No term or provision of this License may be changed, waived,
     discharged or terminated except in a writing signed by both parties.

          (c) Subject to relevant provisions of the Merger and Employment
     Agreements, this License embodies the entire understanding and agreement of
     the parties regarding the subject matter hereof.

          (d) In any action between the parties to enforce any of the terms of
     this License, the prevailing party shall be entitled to recover expenses
     from the other party, including reasonable attorneys' fees.

          (e) The division of this License in paragraphs and sections and the
     use of headings are for convenience only and shall not define or limit the
     meaning of any of the terms hereof.

          (f) This License may be executed in counterparts, each of which shall
     be deemed an original but all of which shall constitute one and the same
     instrument.

                                        7

<PAGE>

     IN WITNESS WHEREOF, the parties have caused this Limited Software License
Agreement to be executed as of the date first above mentioned.

                                        DATATRAK International, Inc.

                                        By: /s/ Jeffrey A. Green
                                            ------------------------------------
                                        Name: Jeffrey A. Green
                                        Title: President & CEO
                                        Date: February 13, 2006

                                        JIM BOB WARD ("Licensee")

                                        /s/ Jim Bob Ward
                                        ----------------------------------------
                                        Date: February 13, 2006

                                        8<PAGE>

                                                                    Exhibit 10.4

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE
"ACT") OR UNDER ANY STATE SECURITIES LAWS AND HAVE BEEN ISSUED AND SOLD IN
RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE ACT. THESE SECURITIES MAY
NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED IN
THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN OPINION
OF COUNSEL, SATISFACTORY TO THE ISSUER OF THESE SECURITIES, TO THE EFFECT THAT
SUCH A REGISTRATION STATEMENT IS UNNECESSARY IN RESPECT OF A PARTICULAR SALE,
OFFER, PLEDGE, HYPOTHECATION OR OTHER TRANSFER.

                                 PROMISSORY NOTE

$_________________________
(Original Principal Amount)                                    February 13, 2006

     FOR VALUE RECEIVED, the receipt and sufficiency of which is hereby
acknowledged, the undersigned, DATATRAK INTERNATIONAL, INC., an Ohio corporation
("Maker"), hereby promises to pay to ________________, an individual ("Payee"),
the principal sum of ___________________ Dollars ($___________), together with
interest at the Applicable Rate, as defined herein below.

     Until the principal amount of this Note shall have been paid in full, the
"Applicable Rate" shall mean the per annum rate of interest designated by
KeyBank, or its successor from time to time, as its base lending rate, whether
or not such rate is publicly announced, plus one percent (1%) per annum. The
Applicable Rate will automatically and immediately change from time to time
effective as of the effective date of changes in the base lending rate of the
institution described above. Interest shall be computed hereunder on the basis
of a 365/366-day year for actual days elapsed. Interest accrued hereunder shall
be payable on February 1, May 1, August 1, and November 1 of each year beginning
May 1, 2006, until the principal amount of this Note shall have been paid in
full.

     Notwithstanding the foregoing, upon the occurrence of an Event of Default
with respect to this Note, and while such Event of Default continues to exist,
Maker shall pay interest on the outstanding principal hereof, at the Applicable
Rate plus two percent (2%) per annum.

     This Note has been executed and delivered pursuant to and in accordance
with the terms and conditions of that certain Agreement and Plan of Merger,
dated as of even date herewith, by and among Maker, Payee, CF Merger Sub, Inc.,
an Ohio corporation and wholly-owned subsidiary of Maker, ClickFind, Inc., a
Texas corporation, et. al. (the "Agreement") and is subject to the terms and
conditions of the Agreement, which are, by this reference, incorporated herein
and made a part hereof. Capitalized terms used in this Note without definition
shall have the respective meanings set forth in the Agreement.

<PAGE>

1.   PAYMENTS

     1.1  PRINCIPAL AND INTEREST

          The principal amount of this Note shall be payable in annual
installments of $500,000, $500,000 and $3,000,000 on February 1, 2007, February
1, 2008, and February 1, 2009, respectively (each such date a "Payment Date",
with the last such date being the "Due Date"). Interest accrued hereunder shall
be payable on each Payment Date, until the principal amount of this Note shall
have been paid in full. Notwithstanding the foregoing, the entire remaining
principal amount, together with accrued and unpaid interest, shall be payable in
full upon the occurrence of a Change of Control. For purposes of this Note, the
term "Change of Control" means the occurrence of any of the following: (a) the
sale, lease, transfer, conveyance or other disposition other than by way of
merger or consolidation, in one or a series of related transactions, of all or
substantially all of the assets of the Maker and its subsidiaries, taken as a
whole, to any "person" or "group" (as such terms are used in Section 13(d) of
the Exchange Act); (b) the adoption of a plan for the liquidation or dissolution
of the Maker; (c) the consummation of any transaction, including, without
limitation, any merger or consolidation the result of which is that any "person"
or "group" (as those terms are used in Section 13(d) of the Exchange Act)
becomes the "beneficial owner" (as that term is defined in Rule 13d-3 and Rule
13d-5 under the Exchange Act), directly or indirectly through one or more
intermediaries, of 50% or more of the voting power of the outstanding voting
stock of Maker; or (d) the first day on which Continuing Directors shall cease
to constitute for any reason at least a majority of the board of directors of
Maker. "Continuing Director" means any member of the board of directors of Maker
who (i) was a member of the board of directors of Maker on February 13, 2006 or
(ii) was elected, or nominated to succeed a Continuing Director, by a majority
of the Continuing Directors (or a majority of the Continuing Directors serving
on the relevant Nominating Committee) then on the board of directors of Maker.

     1.2  MANNER OF PAYMENT

          All payments of principal and interest on this Note shall be made by
check or by wire transfer of immediately available funds payable to Payee. If
the Due Date falls on a day that is not a Business Day, such payment shall be
due on the next succeeding Business Day, and such extension of time shall be
taken into account in calculating the amount of interest payable under this
Note. "Business Day" means any day other than a Saturday, Sunday or legal
holiday in the State of Ohio.

     1.3  PREPAYMENT

          Maker may, without premium or penalty, at any time and from time to
time, prepay all or any portion of the outstanding principal balance due under
this Note, provided that each such prepayment is accompanied by accrued interest
on the amount of principal prepaid calculated to the date of such prepayment.
Any partial prepayments shall be applied to installments of principal in inverse
order of their maturity.

                                        2

<PAGE>

     1.4  RIGHT OF SETOFF

          In addition to any other rights and remedies available at law or in
equity, Maker shall have the right to withhold and setoff against amounts owing
hereunder or evidenced hereby (including principal, interest, expenses, costs
and all other amounts evidenced hereby, as elected by Maker at its option), the
amount of any claim for indemnification or payment of damages which Maker has
asserted under the Agreement, as provided in Section 8.6 thereof.
Notwithstanding anything else contained herein, any setoff made by Maker
pursuant to the terms of this Section 1.4 shall not constitute an Event of
Default. Maker shall notify Payee promptly upon each exercise by Maker of its
right of setoff hereunder, specifying in each case the extent to which such
setoff shall be applied to principal, interest, or other amounts owing under
this Note. From and after the effective date of any setoff that applies to
principal hereunder, the principal amount of this Note shall be automatically
reduced by the amount of such setoff, and interest shall henceforth be
calculated on such reduced principal amount. If there is a dispute between the
Maker and other applicable parties to the Agreement with respect to whether or
not the Maker is entitled to damages for any such indemnification claim forming
the basis for a setoff hereunder, and it is finally determined (or the Maker
agrees in writing) that the Maker was not entitled to all or any portion of such
indemnification under the Agreement, then the Maker shall be obligated to pay,
and the Payee shall be entitled to collect, such finally determined or agreed
amount, together with such interest as would have accrued on such amount (or
portion thereof), had the right of setoff not been exercised with respect
thereto.

2.   DEFAULTS

     2.1  EVENTS OF DEFAULT

          The occurrence of any one or more of the following events with respect
to Maker shall constitute an event of default hereunder ("Event of Default"):

          (a) If Maker shall fail to pay when due (including by reason of a
Change of Control) any payment of principal or interest on this Note and such
failure continues for fifteen (15) days after Payee notifies Maker thereof in
writing, provided, however, that the exercise by Maker in good faith of its
right of setoff pursuant to Section 1.4 above, whether or not ultimately
determined to be justified, shall not constitute an Event of Default;

          (b) If, pursuant to or within the meaning of the United States
Bankruptcy Code or any other federal or state law relating to insolvency or
relief of debtors (a "Bankruptcy Law"), Maker shall (i) commence a voluntary
case or proceeding; (ii) consent to the entry of an order for relief against it
in an involuntary case; (iii) consent to the appointment of a trustee, receiver,
assignee, liquidator or similar official; (iv) make an assignment for the
benefit of its creditors; or (v) admit in writing its inability to pay its debts
as they become due; and

          (c) If a court of competent jurisdiction enters an order or decree
under any Bankruptcy Law that (i) is for relief against Maker in an involuntary
case; (ii) appoints a trustee, receiver, assignee, liquidator or similar
official for Maker or substantially all of Maker's properties; or (iii) orders
the liquidation of Maker, and in each case the order or decree is not dismissed
within 180 days.

                                        3

<PAGE>

     2.2  NOTICE BY MAKER

          Maker shall notify Payee in writing within ten (10) days after the
occurrence of any Event of Default of which Maker acquires knowledge.

     2.3  REMEDIES

          Upon the occurrence of an Event of Default hereunder (unless all
Events of Default have been cured or waived by Payee), Payee may at its option,
(i) by written notice to Maker, declare the entire unpaid principal balance of
this Note, together with all accrued interest thereon, immediately due and
payable regardless of any prior forbearance and (ii) exercise any and all rights
and remedies available to it under applicable law, including, without
limitation, the right to collect from Maker all sums due under this Note. Upon
receipt of any notice specified in clause (i) above, then Maker will pay, upon
demand of Payee, the whole amount then due and payable on this Note for
principal, interest and such other amounts due under this Note, with interest
upon any overdue principal and, to the extent that payment of such interest
shall be legally enforceable, upon any overdue installments of interest, if any,
at the rate or rates borne by or provided for in this Note, and, in addition
thereto, such further amount as shall be sufficient to cover the costs and
expenses of collection.

3.   MISCELLANEOUS

     3.1  WAIVER

          The rights and remedies of Payee under this Note shall be cumulative
and not alternative. No waiver by Payee of any right or remedy under this Note
shall be effective unless in a writing signed by Payee. Neither the failure nor
any delay in exercising any right, power or privilege under this Note will
operate as a waiver of such right, power or privilege, and no single or partial
exercise of any such right, power or privilege by Payee will preclude any other
or further exercise of such right, power or privilege or the exercise of any
other right, power or privilege. To the maximum extent permitted by applicable
law, (a) no claim or right of Payee arising out of this Note can be discharged
by Payee, in whole or in part, by a waiver or renunciation of the claim or right
unless in a writing signed by Payee; (b) no waiver that may be given by Payee
will be applicable except in the specific instance for which it is given; and
(c) no notice to or demand on Maker will be deemed to be a waiver of any
obligation of Maker or of the right of Payee to take further action without
notice or demand as provided in this Note. Maker hereby waives presentment,
demand, protest and notice of dishonor and protest.

     3.2  NOTICES

          Any notice required or permitted to be given hereunder shall be given
in accordance with Section 9.1 of the Agreement.

     3.3  SEVERABILITY

          If any provision in this Note is held invalid or unenforceable by any
court of competent jurisdiction, the other provisions of this Note will remain
in full force and effect. Any

                                        4

<PAGE>

provision of this Note held invalid or unenforceable only in part or degree will
remain in full force and effect to the extent not held invalid or unenforceable.

     3.4  GOVERNING LAW

          This Note will be governed by and construed under the laws of the
State of Ohio without regard to conflicts-of-laws principles that would require
the application of any other law. Any action or proceeding seeking to enforce
any provision of, or based on any right arising out of, this Note shall be
brought against any of the parties in the courts of the State of Ohio, County of
Cuyahoga, or, if it has or can acquire jurisdiction, in the United States
District Court for the Northern District of Ohio, and each of the Maker and the
Payee consents to the exclusive jurisdiction of such courts (and of the
appropriate appellate courts) in any such action or proceeding and waives any
objection to venue laid therein. Process in any action or proceeding referred to
in the preceding sentence may be served on any party anywhere in the world.

     3.5  PARTIES IN INTEREST

          This Note shall not be assigned or transferred by Payee without the
express prior written consent of Maker. Subject to the preceding sentence, this
Note will be binding in all respects upon Maker and inure to the benefit of
Payee and its successors and assigns.

     3.6  SECTION HEADINGS; CONSTRUCTION

          The headings of Sections in this Note are provided for convenience
only and will not affect its construction or interpretation. All references to
"Section" or "Sections" refer to the corresponding Section or Sections of this
Note unless otherwise specified. All words used in this Note will be construed
to be of such gender or number as the circumstances require. Unless otherwise
expressly provided, the words "hereof' and "hereunder" and similar references
refer to this Note in its entirety and not to any specific section or subsection
hereof, the words "including" or "includes" do limit the preceding words or
terms and the word "or" is used in the inclusive sense.

     3.7  USURY SAVINGS

          All agreements between the Maker and the Payee, whether now existing
or hereafter arising and whether written or oral, are expressly limited so that
in no contingency or event whatsoever, whether by acceleration of the maturity
of this Note or otherwise, shall the amount paid, or agreed to be paid, to the
Payee for the use, forbearance or detention of the money to be loaned hereunder
or otherwise, exceed the maximum amount permissible under applicable law. If
from any circumstances whatsoever fulfillment of any provision of this Note or
of any other document evidencing, securing or pertaining to the indebtedness
evidenced hereby, at the time performance of such provision shall be due, shall
be in excess of the limit of validity prescribed by law, then ipso facto, the
obligation to be fulfilled shall be reduced to the limit of such validity, and
if from any such circumstances the Payee shall ever receive anything of value as
interest or deemed interest by applicable law under this Note or any other
document evidencing, securing or pertaining to the indebtedness evidenced hereby
or otherwise an amount that would exceed the highest lawful rate, such amount
that would be excessive interest shall be applied to the reduction of the
principal amount owing under this Note or on account of any

                                        5

<PAGE>

other indebtedness of the Maker to the Payee relating to this Note, and not to
the payment of interest, or if such excessive interest exceeds the unpaid
balance of principal of this Note and such other indebtedness, such excess shall
be refunded to the Maker. In determining whether or not the interest paid or
payable with respect to any indebtedness of the Maker to the Payee, under any
specific contingency, exceeds the highest lawful rate, the Maker and the Payee
shall, to the maximum extent permitted by applicable law, (i) characterize any
non-principal payment as an expense, fee or premium rather than as interest,
(ii) amortize, prorate, allocate and spread the total amount of interest
throughout the full term of such indebtedness so that the actual rate of
interest on account of such indebtedness is uniform throughout the term thereof
and/or (iii) allocate interest between portions of such indebtedness, to the end
that no such portion shall bear interest at a rate greater than that permitted
by law. The terms and provisions of this Section 3.7 shall control and supersede
every other conflicting provision of all agreements between the Maker and the
Payee.

                           (SIGNATURE PAGE TO FOLLOW)

                                        6

<PAGE>

     IN WITNESS WHEREOF, Maker has executed and delivered this Note as of the
date first stated above.

                                        MAKER

                                        DATATRAK INTERNATIONAL, INC.

                                        By:
                                            ------------------------------------
                                        Its:
                                             -----------------------------------

                                        7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]