ALLIANCE DATA SYSTEMS CORP
EXHIBIT 10.14
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<TYPE>EX-10.14
<SEQUENCE>14
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<DESCRIPTION>EXHIBIT 10.14
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<P ALIGN="RIGHT"><FONT SIZE=2><B>EXHIBIT 10.14  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B> <A NAME="kf1719_form_of_canadian_term_promissory_note"> </A>
<A NAME="toc_kf1719_1"> </A>
<BR>    FORM OF CANADIAN<BR>  TERM PROMISSORY NOTE    <BR>  </B></FONT></P>

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<TD WIDTH="32%"><FONT SIZE=2><B>CA $[AMOUNT]</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="32%" ALIGN="RIGHT"><FONT SIZE=2><B>[DATE]</B></FONT></TD>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>FOR VALUE RECEIVED</B></FONT><FONT SIZE=2>, the undersigned,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, (the "Borrower"), hereby promises
to pay to Loyalty Management Group
Canada&nbsp;Inc. (the "Lender"), on or before [the four year anniversary of the execution] (the "Maturity Date"), the principal sum of (Cdn$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;) (the
"Principal
Amount"), together with interest, all as provided in Section&nbsp;1 of this Note (the outstanding Principal Amount together with unpaid interest collectively referred to as the "Debt"). </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Section&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;The Debt.&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT><FONT SIZE=2>Subject to and on the terms and conditions set forth in this Note, the Borrower
shall repay the Debt as follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1.&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Principal.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Borrower shall pay the balance owed on the Principal Amount of this Note to the Lender on
the Maturity Date or such earlier date as set out in this Note. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Interest</B></FONT><FONT SIZE=2>. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Debt shall accrue interest, for each day from the date of this Note until the Maturity Date or earlier date by which all amounts owed hereunder are
fully paid, at a rate </FONT><FONT SIZE=2><I>per annum</I></FONT><FONT SIZE=2> equal to the "prescribed rate" set out in the </FONT><FONT SIZE=2><I>Income Tax Act</I></FONT><FONT SIZE=2> (Canada)
and Section&nbsp;4301(c) of the </FONT><FONT SIZE=2><I>Income Tax Regulations</I></FONT><FONT SIZE=2> (Canada), as adjusted quarterly (the "Prescribed Rate"), and which is&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;percent
(&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;%) per annum for the first quarter of 200&nbsp;&nbsp;&nbsp;&nbsp;, and interest shall be calculated and compounded monthly in arrears at the Prescribed Rate multiplied by the Debt balance at the
end of the month (after accounting for any repayments made during the month). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whenever
the unpaid balance (accounting for any repayments made) of the Debt has become due and payable, whether at the stated maturity thereof, by
acceleration or otherwise, the unpaid balance will accrue additional interest, both before and after demand, default and judgement, at a rate equal to the rate set forth in Section&nbsp;1.2.1 plus
two hundred (200)&nbsp;basis points (two percent) from the date payable until the balance is paid in full. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
interest under this Note shall be computed on the basis of the actual days elapsed in a year. Any such applicable interest rate, expressed as an
annual rate of interest for the purpose of the </FONT><FONT SIZE=2><I>Interest Act</I></FONT><FONT SIZE=2> (Canada), shall be equivalent to such applicable interest rate multiplied by the actual
number of days in the calendar year in which the same is to be determined and divided by 365. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
any other provision of this Section&nbsp;1.2, interest arising under this Note in any calendar year shall be payable annually by the
31<SUP>st</SUP> day of December of such calendar year. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Prepayments; Payments</B></FONT><FONT SIZE=2>. </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Borrower shall have the right to make prepayments of the outstanding Debt at any time and in any amount without notice, premium or penalty. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Borrower shall make all payments of principal and interest under this Note to the Lender at its main office (or such other location as the Lender
may direct) in immediately available funds. If any payment of principal or interest on this Note shall become due on a day other than a Banking Day, such payment shall be due and payable upon the next
succeeding Banking Day and such extension of time shall in such case be included in computing interest in connection with such payment. A "Banking Day" is any day on which banks are generally open for
business in Toronto, Ontario. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4.&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Taxes</B></FONT><FONT SIZE=2>. </FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
payments by the Borrower hereunder shall be made free and clear of, and without reduction for or on account of, any withholding taxes now or
hereafter imposed or collected by any country or any political subdivision hereof; provided, however, that if any such taxes are required to be withheld from any interest or other amount payable to
the Lender hereunder, the amount so payable to the Lender shall be increased to the extent necessary to yield to the Lender, on a net basis after payment of such taxes, interest or other amount
payable hereunder at the rate or in the amount specified in this Note. If the Borrower fails to pay any of such taxes when due, the Borrower shall indemnify and save harmless the Lender from any
incremental taxes, interest, penalties or other liabilities that may become payable by the Lender or to which the Lender may be subjected as a result of any such failure. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Section&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;Events of Default.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The following are Events of Default: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.&nbsp;&nbsp;The
Borrower fails to make a payment of interest on this Note when and as due. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.&nbsp;&nbsp;The
Borrower fails to pay the principal of this Note when and as due. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.&nbsp;&nbsp;The
Borrower: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;makes
an assignment for the benefit of creditors; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;enters
into any composition, compromise or arrangement with his creditors; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;generally
does not pay his debts as such debts become due; or </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;conceals,
removes, or permits to be concealed or removed, any part of his or its property, with intent to hinder, delay or defraud his creditors or any
of them, or makes or suffers a transfer of any of his property, which is fraudulent under the provisions of any bankruptcy, fraudulent conveyance or similar law, or makes or suffers a transfer of his
property to or for the benefit of a creditor at a time when other creditors similarly situated have not been paid. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.&nbsp;&nbsp;If:
</FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
trustee, receiver, agent or custodian is appointed or authorized to take charge of any property of the Borrower for the purpose of enforcing a lien,
security interest, or other claim against such property or for the purpose of administering such property for the benefit of the Borrower's creditors; or </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
order (a)&nbsp;for relief against the Borrower is granted under the </FONT><FONT SIZE=2><I>Bankruptcy and Insolvency Act</I></FONT><FONT SIZE=2>
(Canada) or any similar law, (b)&nbsp;appointing a receiver, trustee, agent or custodian of the Borrower or any property of the Borrower or (c)&nbsp;providing for a composition, compromise or
arrangement with the creditors of the Borrower, is entered by any court or governmental body or officer; or </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Borrower files any pleading seeking or consenting to (whether by formal action or by the admission of the material allegations of a pleading or
otherwise) any such appointment or order; or </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)
any action or proceeding seeking any such appointment or order is commenced without the authority or consent of the Borrower and (b)(i)&nbsp;such
action or proceeding is not dismissed within 30&nbsp;days after its commencement or (ii)&nbsp;the Borrower does not diligently contest such action or proceeding. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5.&nbsp;&nbsp;The
Borrower dies. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6.&nbsp;&nbsp;The
Borrower resigns or the Borrower's employment is terminated from Loyalty Management Group Canada&nbsp;Inc. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Section&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;Default Remedies</B></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Acceleration.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;If an Event of Default occurs, the outstanding unpaid principal balance of this Note,
together with all interest accrued thereon and any unpaid fees, expenses or other amounts due to </FONT></P>

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<P><FONT SIZE=2>
the Lender under this Note (the "Default Amount"), is immediately due and payable and the Borrower shall immediately pay same to the Lender, without presentment, demand, protest or notice of any
kind, all of which are hereby waived; provided, that if an Event of Default under Section&nbsp;2.6 occurs, payment of the Default Amount may be delayed, upon written approval of the Lender, if the
Borrower is restricted from selling any or all of the Collateral, as defined in the Pledge Agreement between the Lender and Borrower, dated as of the date hereof (the "Pledge Agreement"), due to
operation of any law, rule or regulation (a "Legal Restriction"). The Borrower shall repay the Default Amount, with accumulated interest pursuant to Section&nbsp;1.2, within 30&nbsp;days after any
Legal Restriction is removed. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Remedies Cumulative.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Lender may exercise the remedies provided in the Pledge Agreement upon the
occurrence of an Event of Default. No right or remedy conferred upon the Lender by this Note or legally available to the Lender if an Event of Default occurs is intended to be exclusive of any other
right or remedy, and each such right or remedy is cumulative and in addition to every other such right or remedy. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Section&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous</B></FONT><FONT SIZE=2>. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Modifications and Waivers.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;No modification or waiver of any term or provision contained in this Note and no
consent to any departure by the Borrower therefrom shall in any event be effective unless the same is in writing and signed by the party to be bound thereby. Such waiver or consent shall be effective
only in the specific instance and for the purpose for which it is given. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2.&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Expenses.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;All fees, costs and expenses, including reasonable fees and expenses of outside legal counsel,
incurred by the Lender in connection with the enforcement of this Note or any other instruments, documents, or agreements to be delivered pursuant hereto or in connection herewith, shall be paid by
the Borrower to the Lender on demand. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3.&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Number and Gender.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Unless the context requires otherwise, words importing the singular include the plural
and vice versa and words importing gender include all genders. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4.&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Governing Law.</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;This Note shall be governed and construed by the provisions hereof and in accordance with
the laws of the Province of Ontario and the federal laws of Canada applicable therein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Section&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;Currency Conversion and Indemnity.</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.&nbsp;&nbsp;Any
payment to be made under this Note in particular currency (the "proper currency") that is made in a currency (the "other currency") other than the proper currency,
whether voluntarily or pursuant to a judgment or order of any court or tribunal or otherwise, will discharge the obligations of the undersigned under this Note only to the extent of the amount of the
proper currency that the Lender is able, or on before the close of business on the business day following receipt of such payment, to purchase with the amount of the other currency so received. If the
amount of the proper currency that the Lender can purchase is less than the amount of the proper currency originally due to it, the undersigned will indemnify and save the Lender harmless from and
against any loss or damage arising because of such deficiency. This indemnity is an obligation separate and independent from any other obligation of the undersigned in respect of this Note or
otherwise, will give rise to a separate and independent cause of action, will apply irrespective of any indulgence granted by the Lender from time to time, will continue in full force and effect
notwithstanding any judgment or order for a liquidated sum in respect of an amount due under this Note or under any judgement or order and will not merge
in any order of foreclosure made in respect of any security given by the undersigned or any other person to or for the benefit of the Lender. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Note was executed in&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as of the date first written above. </FONT></P>

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<TD WIDTH="50%"><HR NOSHADE><FONT SIZE=2> Name:&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kf1719_schedule_of_canadian_term_promissory_notes"> </A>
<A NAME="toc_kf1719_2"> </A>
<BR></FONT><FONT SIZE=2><B>Schedule of Canadian Term Promissory Notes    <BR>  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the first quarter of 2001 and 2002, John&nbsp;W. Scullion issued promissory notes to Loyalty Management Group Canada,&nbsp;Inc., in a form substantially
similar to the foregoing form, with the following terms: </FONT></P>

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<TH WIDTH="54%" ALIGN="LEFT"><FONT SIZE=1><B>Year<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Principal Amount</B></FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=1><B>Interest Rate</B></FONT><HR NOSHADE></TH>
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<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="54%"><FONT SIZE=2>2001</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>62,282.00</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>3%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="54%"><FONT SIZE=2>2002</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>99,182.00</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>3%</FONT></TD>
</TR>
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<P><br><A NAME="02DFW1868_13">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_kf1719_1">FORM OF CANADIAN TERM PROMISSORY NOTE</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_kf1719_2">Schedule of Canadian Term Promissory Notes</A></FONT><BR>

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