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DEMAND PROMISSORY NOTE

                September 13, 2010 USD $24,000  

To: Cornelius O’Connell,   919 St. Charles Street,   Victoria, B.C. V8S 3P7

FOR VALUE RECEIVED CHEETAH OIL & GAS Ltd. (the “Borrower”) acknowledges itself
indebted and promises to pay to, or to the order of, the Lender at the address
indicated, the sum of TWENTY FOUR THOUSAND DOLLARS USD ($24,000) (the “Principal
Sum”), together with interest on the outstanding Principal Sum from time to time
at a rate equal to 15% PER ANNUM, both before and after maturity, ON DEMAND,
subject to any restrictions on such demand as set out in a Loan Agreement
between the Lender and the Borrower dated as of September 13, 2010.

If any payment is not made when required to be made in accordance with the
promissory note, interest is to be paid by the Borrower on such overdue amounts,
including any accrued and unpaid interest in the same manner as is paid on the
Principal Sum.

The Borrower waives presentment for payment, protest or notice of protest and
notice of dishonour of this promissory note.

DATED at Nanaimo, British Columbia, this 13 day of September, 2010.

  CHEETAH OIL & GAS LTD.           Signature:   Donald Findlay, President      
    CHEETAH OIL & GAS LTD.         Signature:   Robert McAllister, CEO

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