THIS NOTE HAS
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR ANY APPLICABLE STATE SECURITIES LAWS AND, ACCORDINGLY, MAY NOT
BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN
EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT OR LAWS OR PURSUANT
TO AN EXEMPTION THEREFROM.
AXCESS INTERNATIONAL,
INC.
Convertible Note
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Up to
$3,000,000
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October ___, 2009
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Subject to the
terms and conditions of this Note, for good and valuable
consideration received, Axcess International, Inc.
(“Axcess”) hereby promises to pay to the order of the
(“Investor”) the principal amount of
Dollars ($___), plus simple interest, accrued on unpaid principal
from October ___, 2009, until paid, at the rate of Five percent
(5.00%) per annum (365-day yea
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