Exhibit 10.13
Secured Promissory Note
$360,000
The Undersigned, Promises to pay to the order of NetAmerica
International Corporation, at such place as the holder hereof may designate in
writing, the sum of $360,000 Thousand Dollars ($360,000), with interest thereon
at the rate of six and one half percent (6.5%) a.p.r, principal and interest due
one year from the date of this notice. Thjis note represents the purchase of
525,000 shares of NetAmerica International Corporation.
Prepayment of this note with interest to date of payment may be made at
any time without penalty.
This note is secured by 100,000 shares of WorldPort Communications
Corporation ("the Collateral").
If default is made in the payment when due any part or installment,
then the whole sum, together with interest shall become immediately due and
payable at the option of the payee, without notice. Additionally, the Holder may
immediately foreclose on the collateral and take possession.
In the event of commencement of arbitration or suit to enforce payment
of this note, the undersigned agrees to pay costs incurred and such additional
sum as the attorney's fees as the court may adjudge reasonable.
By: /s/ Ted Swindells
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Name: Ted Swindells
Date: March 30, 1999
