SECURED SENIOR PROMISSORY NOTESecured Senior Promissory Note • April 4th, 2006 • Zim Corp • Services-computer programming services
FOR VALUE RECEIVED, the undersigned, ZIM CORPORATION (the “Purchaser”), HEREBY PROMISES TO PAY to the order of ADVANCED TELECOM SERVICES, INC. (the “Shareholder”) the principal amount of TWO HUNDRED AND FIFTY THOUSAND United States Dollars (US$250,000) as set forth in that certain stock purchase agreement dated as of the date hereof (the “Purchase Agreement”) by and among the Purchaser, the Shareholder and Advanced Internet, Inc. on the days and in the amounts set forth below. Unless defined herein, capitalized terms which are defined in the Purchase Agreement shall have the meanings attributed thereto herein.
