Document:

EXHIBIT 4.1

 

Exhibit 4.1

PROMISSORY NOTE

	 	 	 
	Value: $1,000,000.00	 	
Dated: April 4, 2002

          FOR VALUE RECEIVED, ZIM TECHNOLOGIES INTERNATIONAL INC. (the “Debtor”)
hereby promises to pay on demand to or to the order of MICHAEL COWPLAND (the
“Holder”) in the City of Ottawa, Ontario at such address as the Holder may from
time to time direct, the amount of One Million Dollars ($1,000,000.00), in
lawful money of Canada plus interest as herein provided. Interest shall be
calculated on the principal sum outstanding at the rate per annum of five (5%)
percent and shall accrue to the date of payment.

          Notwithstanding the other terms hereof, the Debtor shall have the right to
prepay at any time and from time to time without a bonus all or any portion of
the amount outstanding, including interest, under this Note.

          The Debtor and all endorsers of this Note hereby waive presentment of
payment, notice of non-payment, protest and notice of protest.

          This Note and the obligations represented hereby shall be binding upon the
Debtor and its permitted successors and assigns and shall inure to the benefit
of the Holder and its successors and assigns.

          DATED at Ottawa, this 4th day of April 2002.

	 	 	 	 	 	 	 
	SIGNED, SEALED & DELIVERED	 	 	 	)	 	 
	 	 	 	 	)	 	 
	 	 	 	 	)	 	ZIM TECHNOLOGIES
	 	 	 	 	)	 	INTERNATIONAL INC.
	 	 	 	 	)	 	per:
	 	 	 	 	)	 	/s/ James Stechyson
	 	 	 	 	)	 	

	 	 	 	 	)	 	Name: James Stechyson
	 	 	 	 	)	 	Title: Chairman
	 	 	 	 	)	 	I have authority to bind the CorporationEXHIBIT 4.2

 

Exhibit 4.2

PROMISSORY NOTE

	 	 	 
	Value: $400,000.00	 	
Dated: May 31, 2002

          FOR VALUE RECEIVED, ZIM TECHNOLOGIES INTERNATIONAL INC. (the “Debtor”)
hereby promises to pay on demand to or to the order of 160879 Canada Inc. (the
“Holder”) in the City of Ottawa, Ontario at such address as the Holder may from
time to time direct, the amount of Four Hundred Thousand Dollars ($400,000.00),
in lawful money of Canada plus interest as herein provided. Interest shall be
calculated on the principal sum outstanding at the rate per annum of five (5%)
percent and shall accrue to the date of payment.

          Notwithstanding the other terms hereof, the Debtor shall have the right to
prepay at any time and from time to time without a bonus all or any portion of
the amount outstanding, including interest, under this Note.

          The Debtor and all endorsers of this Note hereby waive presentment of
payment, notice of non-payment, protest and notice of protest.

          This Note and the obligations represented hereby shall be binding upon the
Debtor and its permitted successors and assigns and shall inure to the benefit
of the Holder and its successors and assigns.

          DATED at Ottawa, this 31st day of May 2002.

	 	 	 	 	 	 	 
	SIGNED, SEALED & DELIVERED	 	 	 	)	 	 
	 	 	 	 	)	 	 
	 	 	 	 	)	 	ZIM TECHNOLOGIES
	 	 	 	 	)	 	INTERNATIONAL INC.
	 	 	 	 	)	 	per:
	 	 	 	 	)	 	/s/ James Stechyson
	 	 	 	 	)	 	

	 	 	 	 	)	 	Name:  James Stechyson
	 	 	 	 	)	 	Title: Chairman
	 	 	 	 	)	 	I have the authority to bind the CorporationEXHIBIT 4.3

 

Exhibit 4.3

PROMISSORY NOTE

	 	 	 
	Value: $400,000.00	 	
Dated: August 29, 2002

          FOR VALUE RECEIVED, ZIM TECHNOLOGIES INTERNATIONAL INC. (the “Debtor”)
hereby promises to pay on demand to or to the order of 160879 Canada Inc. (the
“Holder”) in the City of Ottawa, Ontario at such address as the Holder may from
time to time direct, the amount of Four Hundred Thousand Dollars ($400,000.00),
in lawful money of Canada plus interest as herein provided. Interest shall be
calculated on the principal sum outstanding at the rate per annum of five (5%)
percent and shall accrue to the date of payment.

          Notwithstanding the other terms hereof, the Debtor shall have the right to
prepay at any time and from time to time without a bonus all or any portion of
the amount outstanding, including interest, under this Note.

          The Debtor and all endorsers of this Note hereby waive presentment of
payment, notice of non-payment, protest and notice of protest.

          This Note and the obligations represented hereby shall be binding upon the
Debtor and its permitted successors and assigns and shall inure to the benefit
of the Holder and its successors and assigns.

          DATED at Ottawa, this 29th day of August 2002.

	 	 	 	 	 	 	 
	SIGNED, SEALED & DELIVERED	 	 	 	)	 	 
	 	 	 	 	)	 	 
	 	 	 	 	)	 	ZIM TECHNOLOGIES
	 	 	 	 	)	 	INTERNATIONAL INC.
	 	 	 	 	)	 	per:
	 	 	 	 	)	 	/s/ James Stechyson
	 	 	 	 	)	 	

	 	 	 	 	)	 	Name: James Stechyson
	 	 	 	 	)	 	Title: Chairman
	 	 	 	 	)	 	I have the authority to bind the CorporationEXHIBIT 4.4

 

Exhibit 4.4

PROMISSORY NOTE

	 	 	 
	Value: $300,000.00	 	
Dated: November 5, 2002

          FOR VALUE RECEIVED, ZIM TECHNOLOGIES INTERNATIONAL INC. (the “Debtor”)
hereby promises to pay on demand to or to the order of 160879 Canada Inc. (the
“Holder”) in the City of Ottawa, Ontario at such address as the Holder may from
time to time direct, the amount of Three Hundred Thousand Dollars
($300,000.00), in lawful money of Canada plus interest as herein provided.
Interest shall be calculated on the principal sum outstanding at the rate per
annum of five (5%) percent and shall accrue to the date of payment.

          Notwithstanding the other terms hereof, the Debtor shall have the right to
prepay at any time and from time to time without a bonus all or any portion of
the amount outstanding, including interest, under this Note.

          The Debtor and all endorsers of this Note hereby waive presentment of
payment, notice of non-payment, protest and notice of protest.

          This Note and the obligations represented hereby shall be binding upon the
Debtor and its permitted successors and assigns and shall inure to the benefit
of the Holder and its successors and assigns.

          DATED at Ottawa, this 5th day of November 2002.

	 	 	 	 	 	 	 
	SIGNED, SEALED & DELIVERED	 	 	 	)	 	 
	 	 	 	 	)	 	 
	 	 	 	 	)	 	ZIM TECHNOLOGIES
	 	 	 	 	)	 	INTERNATIONAL INC.
	 	 	 	 	)	 	per:
	 	 	 	 	)	 	/s/ James Stechyson
	 	 	 	 	)	 	

	 	 	 	 	)	 	Name:  James Stechyson
	 	 	 	 	)	 	Title:    Chairman
	 	 	 	 	)	 	I have the authority to bind the CorporationEXHIBIT 4.5

 

Exhibit 4.5

PROMISSORY NOTE

	 	 	 
	Value: $200,000.00	 	
Dated: November 28, 2002

          FOR VALUE RECEIVED, ZIM TECHNOLOGIES INTERNATIONAL INC. (the “Debtor”)
hereby promises to pay on demand to or to the order of 160879 Canada Inc. (the
“Holder”) in the City of Ottawa, Ontario at such address as the Holder may from
time to time direct, the amount of Two Hundred Thousand Dollars ($200,000.00),
in lawful money of Canada plus interest as herein provided. Interest shall be
calculated on the principal sum outstanding at the rate per annum of five (5%)
percent and shall accrue to the date of payment.

          Notwithstanding the other terms hereof, the Debtor shall have the right to
prepay at any time and from time to time without a bonus all or any portion of
the amount outstanding, including interest, under this Note.

          The Debtor and all endorsers of this Note hereby waive presentment of
payment, notice of non-payment, protest and notice of protest.

          This Note and the obligations represented hereby shall be binding upon the
Debtor and its permitted successors and assigns and shall inure to the benefit
of the Holder and its successors and assigns.

          DATED at Ottawa, this 28th day of November 2002.

	 	 	 	 	 	 	 
	SIGNED, SEALED & DELIVERED	 	 	 	)	 	 
	 	 	 	 	)	 	 
	 	 	 	 	)	 	ZIM TECHNOLOGIES
	 	 	 	 	)	 	INTERNATIONAL INC.
	 	 	 	 	)	 	per:
	 	 	 	 	)	 	/s/ James Stechyson
	 	 	 	 	)	 	

	 	 	 	 	)	 	Name:  James Stechyson
	 	 	 	 	)	 	Title:    Chairman
	 	 	 	 	)	 	I have the authority to bind the Corporationexv4w6

 

Exhibit 4.6

PROMISSORY NOTE

Value: $400,000.00

Dated: February 25, 2003

     
FOR VALUE RECEIVED, ZIM TECHNOLOGIES INTERNATIONAL INC.
(the “Debtor”) hereby promises to pay on demand to
or to the order of 160879 Canada Inc. (the
“Holder”) in the City of Ottawa, Ontario at such
address as the Holder may from time to time direct, the amount
of Four Hundred Thousand Dollars ($400,000.00), in lawful money
of Canada plus interest as herein provided. Interest shall be
calculated on the principal sum outstanding at the rate per
annum of five (5%) percent and shall accrue to the date of
payment.

     
Notwithstanding the other terms hereof, the Debtor shall have
the right to prepay at any time and from time to time without a
bonus all or any portion of the amount outstanding, including
interest, under this Note.

     
The Debtor and all endorsers of this Note hereby waive
presentment of payment, notice of non-payment, protest and
notice of protest.

     
This Note and the obligations represented hereby shall be
binding upon the Debtor and its permitted successors and assigns
and shall inure to the benefit of the Holder and its successors
and assigns.

     
DATED at Ottawa, this 25th day of February 2003.

	 	 	 	 	 
	
    
    SIGNED, SEALED & DELIVERED
    

    	 	
    )
    	 	 
	 	 	
    )
    	 	 
	 	 	
    )
    	 	
    ZIM TECHNOLOGIES
	 	 	
    )
    	 	
    INTERNATIONAL INC.
	 	 	
    )
    	 	
    per:
    
	 	 	
    )
    	 	 
	 	 	
    )
    	 	
    

	 	 	
    )
    	 	
    Name:
    
	 	 	
    )
    	 	
    Title:
    
	 	 	
    )
    	 	
    I have the authority to bind the CorporationEXHIBIT 10.1

 

Exhibit 10.1

April 30, 2001

Mr. Tony Davidson

74 Knudson Drive

Kanata, ON K2K 2L5

Dear Mr. Davidson,

It is with pleasure that I am submitting to you this formal offer of employment
with Zim Technologies International Inc. The position you are being offered is
that of Director, Retail Applications in our Nepean office. You will report to
me, Gerry Lalonde, Executive VP and Chief Technology Officer.

Your responsibilities in this position will commence on June 1, 2001.

Your starting salary will be $120,000.CDN per year. On the Start Date, with
the Board of Directors’ approval we will grant you options to acquire 200,000
Common shares in the capital of the Company, which options shall vest on the
Start Date. The option price is $1.00 per share and said options shall expire
if not exercised within 3 years from the start date. If your employment with
the Company is terminated for whatever reason, you must exercise these options
within 60 days of the date of the termination of your employment.

Your probation period will be in effect for three months from your start date.
During these first three months of employment, Zim Technologies International
Inc. will evaluate your contributions, skills and ability in meeting the
requirements of the job. It is understood and agreed that at any time during
this initial three-month period of employment, Zim Technologies International
Inc. may terminate your employment without cause and without notice.

Thereafter, your employment may be terminated without notice only for cause.
In the event of termination without cause, you shall receive written notice or
compensation in lieu of notice or a combination of both at the discretion of
Zim Technologies International Inc.

In the event that the Employment Standards Act provides for a greater right or
benefit for termination and/or severance pay, the provisions of the Employment
Standards Act shall replace the provisions set out above. Entitlements will be
limited to the provisions of the Employment Standards Act or any successor
legislation.

...2

 

 

Tony Davidson

Page 2

Zim Technologies International Inc. has an excellent benefits package for
employees. You will be eligible for insurance benefits once you have completed
the three-month probation period. Vacation is accrued at 1.25 days per month
totaling 15 days per year. You are entitled to use your accrued vacation once
you have completed your three-month probation period. Zim Technologies
International Inc. provides a smoke-free working environment for its employees;
therefore, no smoking is allowed.

Please indicate your acceptance of this offer by signing and returning the copy
of this letter. Upon commencement of your employment, you will also be
required to sign an agreement covering policies of confidentiality and
intellectual property.

I look forward to you joining our team and wish you a challenging and
prosperous career at Zim Technologies International Inc.

	 	 	 	 	 
	Sincerely,	 	 	 	 
	 	 	 	 	 
	Gerry Lalonde	 	 	 	 
	Executive VP and Chief Technology Officer	 	 	 	 
	Zim Technologies International Inc.	 	 	 	 
	 	 	 	 	 
	 	 	
I have read the above noted offer setting out
the terms and conditions of employment with
Zim Technologies International Inc. and I
hereby acknowledge and agree to the same.
	 	 	 	 	 
	 	 	
Accepted:	 	/s/ Tony Davidson
	 	 	 	 	

	 	 	 	 	Tony Davidson
	 
	 	 	 	 	April 30, 2001
	 	 	 	 	

	 	 	 	 	Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}]]