Document:

Validian Corporation

Exhibit 4.1

THE SALE AND ISSUANCE OF THE SECURITIES REPRESENTED BY THIS 10% NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAW OF ANY STATE OR OTHER JURISDICTION.  THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE DISTRIBUTION THEREOF.  THESE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED, OR TRANSFERRED UNLESS (I) A REGISTRATION STATEMENT UNDER THE ACT IS IN EFFECT AS TO THESE SECURITIES AND SUCH OFFER, SALE, PLEDGE, OR TRANSFER IS IN COMPLIANCE WITH APPLICABLE SECURITIES LAW OF ANY STATE OR OTHER JURISDICTION OR (II) AN EXEMPTION FROM THE ACT IS AVAILABLE AND SUCH OFFER, SALE, PLEDGE, OR TRANSFER IS IN COMPLIANCE WITH APPLICABLE SECURITIES LAW OF ANY STATE OR OTHER JURISDICTION.

NOTE

$                                                                                                                             March 5, 2008

For value received, Validian Corporation, a Nevada corporation (together with its successors and assigns, the “Company”), with an address at 30 Metcalfe Street, Ottawa, Ontario, Canada K1P 5L4, promises to pay to ___________ “Holder”) with an address  of ______________________  the principal amount of __________ and to pay interest thereon, all as hereinafter specified. 

1.

Identification of Note.  This Note is issued as part of the Holder’s investment into the Company.

2.

Maturity.  

2.1

Maturity Date.  This Note will automatically mature and be due and payable on the earlier of (a) ______________ (the “Maturity Date”) or (b) the occurrence of an Event of Default (as defined in Section 4 hereof) or (c) upon the closing of the next round of equity financing or financing convertible into equity of at least $250,000, whether in one or more tranches on a cumulative basis (“NEXT EQUITY FINANCING”).

2.2

Interest.  Upon an Event of Default, interest shall accrue from the date of the Event of Default on the unpaid principal amount at a rate equal to ten percent (10%) per annum, computed on the basis of the actual number of days elapsed and a year of 365 days, until the principal amount and all interest accrued thereon are paid.  

2.3

Prepayment.  The Company shall have the right at any time to repay any part or all of the outstanding principal and interest on this Note without notice or penalty. 

3.

Payment.  Except as set forth herein, all payments shall be made in lawful money of the United States of America at the principal offices of the Holder.  Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal.

VLDI-Form of 10% Promissory Note.Mar 08

4.

Events of Default.  The entire unpaid Outstanding Amount shall become immediately due and payable upon the occurrence of an Event of Default.  An “Event of Default” shall be deemed to have occurred if:

(a)

the Company shall: (i) be unable, or admit in writing its inability, to pay its debts as they mature; (ii) make a general assignment for the benefit of creditors; (iii) be adjudicated a bankrupt or insolvent; (iv) file a voluntary petition in bankruptcy, or a petition or answer seeking reorganization or an arrangement with creditors to take advantage of any insolvency law, or an answer admitting the material allegations of a bankruptcy, reorganization or insolvency petition filed against it; (v) take corporate action for the purpose of effecting any of the foregoing; or (vi) have an order for relief entered against it in any proceeding under the United States Bankruptcy Code; 

(b)

an order, judgment or decree shall be entered, without the application, approval or consent of the Company by any court of competent jurisdiction, approving a petition seeking reorganization of the Company or appointing a receiver, trustee or liquidator of the Company or of all or a substantial part of its assets, and such order, judgment or decree shall continue unstayed and in effect for any period of thirty (30) consecutive days; or

(c)

the Company shall fail to pay as and when due any principal or interest hereunder and such nonpayment shall continue uncured for a period of ten (10) business days after written notice by the Holder thereof.

5.

Transfer; Successors and Assigns.  This Note may be transferred only upon surrender of the original Note for registration of transfer, duly endorsed, or accompanied by a duly executed written instrument of transfer in form satisfactory to the Company.  Thereupon, a new note for the same principal amount and interest will be issued to, and registered in the name, of, the transferee.  Interest and principal are payable only to the registered holder of this Note.  The terms and conditions of this Note shall inure to the benefit of and binding upon the respective successors and assigns of the parties.  

6.

Governing Law.  This Note and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of New York, without giving effect to principles of conflicts of law and choice of law that would cause the laws of any other jurisdiction to apply.  

7.

Notices.  Whenever any notice is required to be given by the Company to a Holder, such notice shall be sent in writing via telefacsimile with a copy by email to the Holder.  Whenever any notice is required to be given by the Holder of this Note to the Company, such notice shall be sent in writing via telefacsimile with a copy by email to the Company.

8.

Amendments and Waivers.  This Note and any term hereof may be amended, waived, discharged or terminated only by an instrument in writing signed by the party against whom enforcement of such amendment, waiver, discharge or termination is sought.  No waivers of any term, condition or provision of this Note, in any one or more instances, shall be deemed to be, or construed as, a further or continuing waiver of any such term, condition or provision.

VLDI-Form of 10% Promissory Note.Mar 08

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9.

Immunity of Members, Officers, Directors and Employees.  No recourse shall be had for the payment of the principal or interest on this Note or for any claim based thereon or otherwise in any manner in respect thereof, to or against any subsidiary, member, officer, director or employee, as such, past, present or future, of the Company or any respective subsidiary, member, officer, director or employees, as such, past, present or future, of any predecessor or successor company, either directly or through the Company or such predecessor or successor company, whether by virtue of any constitutional provision or statute or rule of law, or by the enforcement of any assessment or penalty, or in any other manner, all such liability being expressly waived and released by the acceptance of this Note and as part of the consideration for the issuance thereof.

IN WITNESS WHEREOF, the Company has caused this Note to be duly executed and delivered by its authorized officer, as of the date first above written.

VALIDIAN CORPORATION

By:

       Name:  Bruce Benn

       Title:    Chief Executive Officer

VLDI-Form of 10% Promissory Note.Mar 08

3Filed by Automated Filing Services Inc. (604) 609-0244 - Exploration Drilling International Inc. - Exhibit 10.71

Loan Agreement 

between 

Mr. Dieter Thiemann 
Pöppelmannstrasse 4 
33428
Harsewinkel 

- in the following referred to as
Lender -

and 

EDI Exploration Drilling International GmbH 
Goethestrasse
61 
45721 Haltern am See 

- in the following referred to as
Borrower -

	 	1. 	
      The Lender grants the Borrower a loan in the amount of
      EUR 6,500.00.

	 	 	 
	 	2. 	
      The loan shall be paid out by 22/01/2008, at the
      latest.

	 	 	 
	 	3. 	
      Interest payable on the loan will be 6.0%. At the end of
      one calendar year, the interest will be credited to the loan account of
      the Borrower.

	 	 	 
	 	4. 	
      The loan may be repaid, even in partial amounts, at any
      time. The residual loan amount shall be repaid, at the latest, by
      31/12/2008.

Münster, 18/01/2008 

	[Signature] 	  
	Borrower - 	Lender 
	EDI Exploration Drilling International GmbH 	Dieter ThiemannFiled by Automated Filing Services Inc. (604) 609-0244 - Exploration Drilling International Inc. - Exhibit 10.72

LOAN AGREEMENT 

between 

EDI Exploration Drilling International Holding GmbH

represented by the Managing Director 
Günter Thiemann 
Goethestrasse 59,
45721 Haltern am See 

- in the following referred to as
Lender -

and 

EDI Exploration Drilling International GmbH 
represented by
the Managing Director 
Christian Runge 
Goethestrasse 59 in 45721 Haltern
am See 

- in the following referred to as
Borrower -

Section 1       
Granting of loan 

	 	(1) 	
      The Lender grants the Borrower a loan in the amount
    of

	Euro             
      25,000.00 
	(in words: Euro twenty-five thousand)

	 	(2) 	
      The loan shall be paid out by transfer into the
      Borrower’s account at the Sparkasse Münsterland Ost, bank code 400 501 50,
      account number 46 44 46.

Section 2      
 Interest, term and repayment of loan 

	 	(1) 	
      The annual interest payable on the loan shall be 5.0
      %.

	 	(2) 	
      The term of the loan shall be approximately 11 months,
      ending on 31/12/2008.

	 	(3) 	
      The loan shall be repaid on 31/12/2008 by transfer into
      the Lender’s account.

Section 3      
 Early repayment 

The Borrower is entitled to repay the loan including
accumulated interest in one lump sum at any time, including before the end of
the term of the loan. A prepayment penalty shall not be due. 

1 

The Lender is entitled to recall the loan effective
immediately, if the Borrowers’ financial circumstances deteriorate considerably,
thus putting the claim of repayment at risk. 

Section 5       
Securities 

The Borrower irrevocably transfers all of his claims as
managing director or shareholder from any benefits, to which he is entitled,
(salary claims, profit distributions, new shares issued, profit and loss
transfers, liquidation proceeds, etc.) to the Lender. 

Section 6       
Supplementary agreements, amendments, severability, executed copies

	 	(1) 	
      There are no supplementary agreements. Amendments,
      additions as well as deletions of individual provisions of this agreement
      must be made in writing in order to be effective.

	 	 	 
	 	(2) 	
      Should individual provisions of this agreement be
      invalid, the remainder of the agreement shall not be affected. In this
      case, the parties to the agreement are required to assume that a
      replacement provision has been agreed upon, which effectively fulfils the
      economic purpose of the invalid provision as much as possible.

	 	 	 
	 	(3) 	
      This contract shall be issued in duplicate. The Lender
      and the Borrower shall each receive a copy signed by both parties to the
      agreement.

Haltern, on February 8, 2008 

 

	[Signature] 	 	  
	  	 	  
	EDI Exploration Drilling International Holding GmbH 	 	EDI Exploration Drilling International GmbH
  
	Managing Director, Günter Thiemann 	 	Managing Director, Christian Runge 
	- Lender - 	 	- Borrower - 

2

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