UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS
SECURITY MUST NOT TRADE THE SECURITY BEFORE OCTOBER • , 2004.
The Note represented hereby, the common shares and common share purchase warrants of the
Corporation issuable upon the conversion of the Note and the common shares issuable upon exercise
of the common share purchase warrants have not been and will not be registered under the United
States Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered, sold,
resold, or delivered within the United Stales of America, its territories and possessions, other than
pursuant to an effective registration statement or an applicable exemption under the U.S. Securities
ADB SYSTEMS INTERNATIONAL LTD.
(Organized under the laws of Ontario)
Series G Convertible Secured Note
ADB SYSTEMS INTERNATIONAL LTD. (the “ Corporation ”), for value received, hereby
acknowledges itself indebted to and promises to pay • (the “ Registered Holder ”) on June • , 2007 or on such
earlier date as the principal hereof becomes payable in accordance with the provisions of this Note, on
presentation and surrender of this Note, the principal sum of $ • in lawful money of Canada, at the address of the
Registered Holder set forth on the register of the Corporation to be maintained as provided in the terms and
conditions attached hereto as Schedule ”A” and forming part hereof (the “ Terms and Conditions ”), subject to
the right of the Registered Holder in certain circumstances to elect to receive, and the automatic conversion of this
Note in certain circumstances into, units of securities of the Corporation in lieu of receiving such sum, as provided
in the Terms and Conditions and to pay interest on such principal amount as provided in the Terms and
Conditions. The Terms and Conditions are hereby incorporated by reference herein.
This Note is convertible, at the option of the Registered Holder or in certain circumstances withou