Common Contracts

2 similar Convertible Note contracts by Film Roman Inc, Idt Corp

FILM ROMAN, INC. CONVERTIBLE NOTE
Convertible Note • June 2nd, 2003 • Idt Corp • Telephone communications (no radiotelephone) • Delaware

FILM ROMAN, INC., a Delaware corporation (“Borrower”), for value received, hereby promises to pay to DIGITAL PRODUCTION SOLUTIONS, INC., or to its order (together with any assignee, jointly or severally, “Holder”), the principal sum of TWO MILLION FIFTY NINE THOUSAND ONE HUNDRED TWENTY FIVE AND 87/100 DOLLARS ($2,059,125.87), or, if different, the aggregate unpaid principal amount of all loans made by Lender to Borrower pursuant to and under the Loan Agreement (the “Loan Agreement”), dated as of the date hereof between Borrower and Holder, on the date of termination of the Loan Agreement or on the date the amounts hereunder otherwise become due and payable in accordance with the terms of such Agreement, together with interest upon any net balance outstanding at the close of each day at the rate specified below, which shall, subject to the other terms and conditions hereof, be due and payable on May 22, 2008 (the “Maturity Date”), unless earlier converted into shares of capital stock of

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CONVERTIBLE NOTE
Convertible Note • May 30th, 2003 • Film Roman Inc • Services-motion picture & video tape production • Delaware

FILM ROMAN, INC., a Delaware corporation (“Borrower”), for value received, hereby promises to pay to DIGITAL PRODUCTION SOLUTIONS, INC., or to its order (together with any assignee, jointly or severally, “Holder”), the principal sum of TWO MILLION FIFTY NINE THOUSAND ONE HUNDRED TWENTY FIVE AND 87/100 DOLLARS ($2,059,125.87), or, if different, the aggregate unpaid principal amount of all loans made by Lender to Borrower pursuant to and under the Loan Agreement (the “Loan Agreement”), dated as of the date hereof between Borrower and Holder, on the date of termination of the Loan Agreement or on the date the amounts hereunder otherwise become due and payable in accordance with the terms of such Agreement, together with interest upon any net balance outstanding at the close of each day at the rate specified below, which shall, subject to the other terms and conditions hereof, be due and payable on May 22, 2008 (the “Maturity Date”), unless earlier converted into shares of capital stock of

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