$ 75,000 Cary, North Carolina
January ___, 2001
FOR VALUE RECEIVED, Paul Rampel (hereafter, the "Maker") promises to pay to the order of Level 8
Systems, Inc., a Delaware corporation (hereafter, the "Lender"), at 8000 Regency Parkway, Cary, North
Carolina 27511, or at such place as the Lender may designate and notify the Maker, without grace except as
expressly provided herein, in lawful money of the United States of America, which shall at the time of payment be
legal tender in payment of all debts and dues, public and private, Seventy Five Thousand and No/100 Dollars
($75,000.00), together with simple interest accruing daily for the actual number of days elapsed (including the
first but not the last) at 1/365th of the annual rate of interest stated below subject to adjustment as provided
Interest shall accrue on the daily unpaid principal balance from the date hereof until paid in full at ten percent
(10%) per annum rate of interest.
All amounts payable hereunder shall be due and payable as follows:
Optional prepayments may be made by the Maker in whole or in part at any time and from time to time without
premium or penalty. The principal balance and all accrued interest thereon is due and payable in one (1) payment
due on January __, 2002.
INTEREST AND CHARGES: The only charge imposed by the Lender for the use of money in connection with
the loan evidenced by this note is and shall be the interest expressed in this note, at the rate set forth in this note
which rate of interest at the date hereof expressed in simple interest terms is ten percent (10%) per annum.
Commencing on the date of maturity of the note (whether by acceleration or otherwise) interest shall accrue on
the outstanding principal balance of the note at the applicable interest rate which otherwise would be in effect
thereunder, plus two percent (2%). No matter how the interest rate is computed, it will never be higher than the
highest rate allowed