Secured Short-Term Working Capital NoteSecured Short-Term Working Capital Note • February 15th, 2007 • Vcampus Corp • Services-services, nec • Virginia
For value received, the undersigned, VCAMPUS CORPORATION, a Delaware corporation (the “Company”), with an address of 1850 Centennial Park Drive, Suite 200, Reston, Virginia, 20191, hereby unconditionally promises to pay to the order of [Name of Lender]or its permitted assigns (the “Holder”), at such place as the legal holder of this Note may from time to time designate in writing, in lawful currency of the United States of America, the principal balance of Dollars ($ ,000), in immediately available funds, together with simple interest at the rate provided below from the date hereof. The unpaid principal balance of this Note and all interest accruing thereon shall be payable as follows:
