0001219870-03-000020 Sample Contracts

CONVERTIBLE LOAN AGREEMENT
Convertible Loan Agreement • April 7th, 2003 • XDL Capital Corp • Communications services, nec • California

This Agreement is made and entered into as of this 29th day of January 2003 by and between Commtouch Software Ltd. (the "Company"), a company organized under the laws of the State of Israel, with offices located at 1A Hazoran St., Netanya, Israel and the lenders listed in the attached hereto Exhibit "A" (each, a "Lender", and collectively, the "Lenders").

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