REPLACEMENT CONVERTIBLE PROMISSORY NOTE AND LOAN AGREEMENTReplacement Convertible Promissory Note and Loan Agreement • April 28th, 2000 • Mdu Communications International Inc • Communications services, nec • British Columbia
This note is in replacement of the convertible promissory notes dated _____, 1999 (for $______USD) and _______, 1999 (for $______USD) to __________, which original promissory notes have been returned to the Company and cancelled. For value received (the receipt and sufficiency of which is hereby acknowledged above), MDU COMMUNICATIONS INC., a corporation with an office at #108 - 11951 Hammersmith Way, Richmond, British Columbia, V&A 5H9, (the "Company") hereby promises to and will pay to the order of _____________ (the "Note Holder") on or before ____________ (the "Due Date") and thereafter on demand the principal sum of Sixty Five Thousand U.S. Dollars ($____________ US)(the "Principal") and to pay interest on the Principal hereof at the rate of _____% per annum calculated and compounded monthly (from the above two inception dates) and until paid from the date that Principal is advanced hereunder and payable thereafter upon the Principal becoming due.
