Exhibit 10.12

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Promissory Note

$___________ Date

Blackridge Technology International, Inc. (the "Obligor"), hereby promises to
pay to the order of ___________ and his lawful successors and assigns (the
"Holder"), the principal sum of ___________ and no/100 DOLLARS ($___________ )
on ___________ plus any accrued but unpaid interest.  The Obligor shall pay
interest on the outstanding principal amount from the date hereof until the
principal is paid in full at the rate of 8.0% per annum, payable annually in
cash on each ___________until maturity, and, upon default and/or after maturity
at a rate of 15.0% per annum.  All payments will be made to the Holder, at such
address as the Holder may designate, in money of the United States of America. 
  This Note shall automatically convert into the Obligor's Series B Preferred
Stock at $.32 per share or ___________shares once converted, convertible after
___________.    Additionally, as part of this transaction, the Holder is being
granted one (1) warrant with a 5-year term and a $.32 cent per share exercise
price (cash exercise) with 100% warrant coverage or ___________warrants.  After
closing, the Obligor shall deliver a form of Warrant to the Holder in form and
substance consistent with other Obligor warrants.

1. Remedies.
a.
Events of Default.  "Event of Default," wherever used herein, means any one of
the following events:

i.
default in the payment of the principal of this Note at its maturity or any
interest payment; or

ii.
the entry by a court having jurisdiction in the premises of (A) a decree or
order for relief in respect of  the Obligor in an involuntary case or proceeding
under any applicable federal or state bankruptcy, insolvency, reorganization or
other similar law or (B) a decree or order adjudging the Obligor a bankrupt or
insolvent, or approving as properly filed a petition seeking reorganization,
arrangement, adjustment or composition of or in respect of the Obligor under any
applicable federal or state law, or appointing a custodian, receiver,
liquidator, assignee, trustee, sequestrator or other similar official of the
Obligor or of any substantial part of its property, or ordering the winding up
or liquidation of its affairs, and the continuance of any such decree or order
for relief or any such other decree or order unstayed and in effect for a period
of 60 consecutive days; or

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iii.
the commencement by The Obligor of a voluntary case or proceeding under any
applicable federal or state bankruptcy, insolvency, reorganization or other
similar law or of any other case or proceeding to be adjudicated a bankrupt or
insolvent, or the consent by it to the entry of a decree or order for relief in
respect of The Obligor in an involuntary case or proceeding under any applicable
federal or state bankruptcy, insolvency, reorganization or other similar law or
to the commencement of any bankruptcy or insolvency case or proceeding against
it, or the filing by it of a petition or answer or consent seeking
reorganization or relief under any applicable federal or state law, or the
consent by it to the filing of such petition or to the appointment of or taking
possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator
or similar official of The Obligor or of any substantial part of its property,
or the making by it of an assignment for the benefit of creditors, or the
admission by it in writing of its inability to pay its debts generally as they
become due, or the taking of corporate action by The Obligor in furtherance of
any such action; or

iv.
The dissolution of The Obligor; or

v.
Any representation or warranty made to the Holder by The Obligor pursuant to
this Note is false or misleading in any material respect; or

vi.
The Obligor fails to observe or perform any material covenant or agreement made
by the Obligor to the Holder pursuant to this Note.

b.
Acceleration of Maturity.  If any Event of Default occurs and is continuing,
then and in every such case the Holder may declare the principal on this Note to
be due and payable immediately, by a notice in writing to the Obligor, and upon
any such declaration such principal shall become immediately due and payable.

c.
Payment of Expenses.  If any part of the Aggregate Balance is not paid when due,
or if the Obligor fails to perform any obligation required hereunder, the
Obligor shall pay any and all reasonable costs of collection or enforcement of
all outstanding obligations under this Note incurred by the Holder, including
reasonable attorneys' fees and expenses.

2. Prepayment.   The Obligor may prepay this Note without penalty in full at any
time.
3. Notices.  All notices and communications provided for herein or made
hereunder shall be delivered, or mailed first class with postage prepaid, or
faxed, addressed in each case as follows, until some other address shall have
been designated in a written notice given in like manner, and shall be deemed to
have been given or made when so delivered or mailed or faxed:

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(a) if to the Obligor:
BlackRidge Technology
5390 Kietzke Lane Suite 104
Reno, NV 89511

(b) if to the Holder:

Address on Subscription Agreement

or to such other person or address as the party entitled to notice hereunder
shall designate by notice in accordance with this Note.

4. Miscellaneous.
a.
This Note may be amended only by a writing signed by the Obligor and the
Holder.  All covenants and agreements in this Note by the Obligor shall bind its
successors and assigns.

b.
In case any provision in this Note shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not
in any way be affected or impaired thereby.  Specifically, if the interest rate
on this Note is deemed to exceed some statutory maximum, the interest rate will
be reduced to the legal maximum.

c.
The Obligor shall pay any stamp, transfer or other taxes or regulatory fees that
may be imposed on any transaction contemplated by this Note.

d.
This Note shall be governed by and construed in accordance with the laws of the
State of Nevada without regard to the principles of conflicts of laws thereof.

e.
This Note constitute the full and entire understanding between the Obligor and
the Holder with respect to the subject matter hereof and thereof.

f.
This Note is binding on the Obligor, and the Obligor, and all sureties,
guarantors and endorsers hereby waive presentment, demand, notice and protest
and any defense by reason of an extension of time for payment or other
indulgences.  Failure of, or delay by, the Holder to assert any right herein
shall not be deemed to be a waiver thereof, nor shall any such failure or delay
on any one or more occasions be deemed to prohibit or waive the same or any
other right on any future occasion.

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IN WITNESS WHEREOF, the Obligor has caused this instrument to be duly executed
as of the date first written above.
BLACKRIDGE TECHNOLOGY INTERNATIONAL, INC.

By:__________________________________
John H. Bluher, CFO
 

 

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