Demand Promissory Note issued to Tryon Miles Williams dated August 15, 2002.
PROMISSORY NOTE
US$4,055.48 Date: August 15, 2002
CDN$153,327.25 Due: On Demand
FOR VALUE RECEIVED, the undersigned hereby promises to pay ON DEMAND to or to the order of Tryon Miles Williams (the "Lender") at London, United Kingdom the amounts stated above plus any further amounts which may be advanced, from time to time, to the undersigned by the Lender (the "Principal Amount"), without interest.
THE UNDERSIGNED shall have the right to prepay all or any part of the Principal Amount at any time without notice, bonus or penalty.
THE UNDERSIGNED hereby waives presentment for payment and notice of default of this Promissory Note.
PROVIDED FURTHER that if at any time, while the amount due hereunder by the undersigned to the Lender remains outstanding, the Lender becomes obliged to pay any sum or sums of money to the undersigned, then such sum or sums of money may, at the option of the Lender and without limiting or waiving any right or remedy of the Lender at law or in equity, be set-off against and will apply to any sum or sums of money or security owed as evidenced hereunder by the undersigned to the Lender until such amount or amounts have been completely set-off.
THE CORPORATE SEAL OF )
BINGO.COM, INC. )
was hereunto affixed in the )
presence of: )
) C/S
/s/Mark Devereux )
Authorized Signatory )
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