Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(a) Dr. Michael Cowpland, who currently serves as the Chief Financial and Accounting Officer for ZIM Corporation will step down from this position. Dr. Cowpland continues in his role as President and Chief Executive Officer of the company, a role in which he has served since 2001. The remaining information required by this Item is incorporated by reference from the section of ZIM Corporation’s 2006 Proxy Statement entitled “Certain Relationships and Related Transactions,” which was filed on August 21, 2006.

(b) Effective November 8^th, 2007, John Chapman will be appointed to the position of Chief Financial and Accounting Officer for ZIM Corporation. Mr. Chapman, 43, will provide his services through Chapman CFO Resources Inc a consulting company owned by Mr. Chapman in which ZIM entered into an agreement with on July 20^th, 2007. The agreement terms include compensation for services in the amount of $500.00 Canadian per diem and stock options in the amount of 750 per diem divided by the share price at closing the day prior to the option grant. Options are granted on a monthly basis from the employee stock option plan. In his role as CFO Mr. Chapman will be responsible for ZIM Corporation’s financial operations and reporting requirements. In the past 5 years Mr. Chapman has held senior finance positions with Amdocs Canadian Managed Services and at Certen Inc. (a joint venture between Bell Canada Enterprises and Amdocs) providers of billing software and outsourcing services to tier 1 Telco providers where he was Director of Finance responsible for management reporting, budgeting and financial planning. Mr. Chapman continues to provide financial and management consulting through Chapman CFO resources to other firms.

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