**PROMISSORY      NOTE**

| **$**____**______** | **Date                __________** |
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**FOR      VALUE RECEIVED, the undersigned (“**
**Maker**
**”),      promises to pay to the order of Dean Delis, his successors and assignees      (“**
**Payee**
**”),      at or at such other place as Payee may from time to time designate, in lawful      money of the United States of America, the principal sum of      ________________________ ($XXX,XXX), or such lesser amount that may be      outstanding pursuant to the terms of this Promissory Note (the“**
**Note**
**”),      together with interest on the unpaid principal balance hereof from time to      time      outstanding, until maturity as provided below.**

|   | **      **1.**  ** | **Obligation****.                The indebtedness evidenced by this Promissory Note**. |
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| 2.   | **Interest**.                The outstanding principal balance of this Note shall bear interest                at the                rate of ten percent (10%) per annum from the date hereof until the                Maturity Date (as hereinafter defined), but in no event shall such                interest exceed the Highest Lawful Rate (as hereinafter defined).                Interest                is capitalized and due and payable upon expiry of this Promissory                Note.                Any payments of principal that become past due shall bear interest                at                fifteen percent (15%), but in no event shall such interest exceed                the                Highest Lawful Rate. Interest on this Note shall be computed on the                basis                of the number of actual days elapsed in a year consisting of 365                days. |
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| 3.   | **Payments**.                All amounts owing hereunder, including all accrued and unpaid interest                and                the outstanding principal amount hereof shall be due and payable                **______                (XXX) days**                from the date the cleared funds are received at the Maker’s business                account at the Bank of America - Private Bank, Century City, California. |
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| 4.**  ** | **Bridge                Loan**.                This is a short-term bridge loan and therefore maker shall repay                the note                on a pro-rata basis out of first monies at the closing of a substantial                liquidity event (i.e. a large deposit from a potential customer,                debenture                closing, investment banker financing, etc) as herein contemplated,                or at                anytime, in whole or in part, without premium or penalty. Any payment                will                first be applied to any expenses, then to accrued interest, and thereafter                to principal. |
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| 5.   | **Time                of Essence**.                Time is of the essence with respect to all of Maker’s obligations and                agreements under this Note. |
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| 6.   | **Events                of Default**.                Each of the following shall constitute an “Event of Default” under this                Note: |
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| (a)   | The                failure, refusal or neglect of Maker to pay when due any part of                the                principal of, or interest on, this Note after such payment has become                due                and payable; or |
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| (b)   | Maker                fails to perform any covenant or agreement contained herein, other                than                the payment of principal of or interest on this Note after such payment                has become due and payable, within ten (10) days after having received                written notice of such failure from Payee;                or |
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| (c)   | If                Maker (i) becomes insolvent, or makes a transfer in fraud of creditors,                or                makes an assignment for the benefit of creditors, or admits in writing                its                inability to pay its debts as they become due, (ii) generally is                not                paying its debts as such debts become due, (iii) has a receiver or                custodian appointed for, or a receiver or custodian takes possession                of,                all or substantially all of its assets, either in a proceeding brought                by                it or in a proceeding brought against it, and such appointment is                not                discharged or such possession is not terminated within thirty (30)                days                after the effective date thereof, or if it consents or acquiesces                in such                appointment or possession, (iv) files a petition for relief under                the                United States Bankruptcy Code or any other present or future federal                or                state insolvency, bankruptcy or similar laws (all of the foregoing                hereinafter collectively called “Applicable                Bankruptcy Law”)                or an involuntary petition for relief is filed against it under any                Applicable Bankruptcy Law and such involuntary petition is not dismissed                within thirty (30) days after the filing thereof, or an order for                relief                naming it is entered under any Applicable Bankruptcy Law, or any                composition, rearrangement, extension, reorganization or other relief                of                debtors now or hereafter existing is requested or consented to by                it, (v)                fails to have discharged within a period of thirty (30) days any                attachment, sequestration or similar writ levied upon any of its                property,                or (vi) fails to pay within thirty (30) days any final money judgment                against it. |
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| 7.   | **Remedies****.**                Maker agrees that upon the occurrence of any Event of Default, the                holder                of this Note may, at its option, without further notice or demand,                (a)                declare the outstanding principal balance of and accrued but unpaid                interest on this Note at once due and payable, (b) pursue any and                all                other rights, remedies and recourses available to the holder hereof,                including, but not limited to, any such rights, remedies or recourses,                at                law or in equity, or (c) pursue any combination of the foregoing.                **All                rights and remedies of such holder shall be cumulative and the holder                shall be entitled to all the rights of a holder in due course of                a                negotiable instrument.** |
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| 8.   | **No                Waiver****.**                No delay on the part of Payee or other holder of this Note in the                exercise                of any power or right under this Note, shall operate as a waiver                hereof,                nor shall a single or partial exercise of any power or right preclude                other or further exercise thereof or the exercise of any other power                or                right. Enforcement by the holder of this Note for the payment hereof                shall                not constitute an election by such holder of remedies so as to preclude                the exercise of any other remedy available to such                holder |
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| 9.   | **Waiver****.**                Except as otherwise expressly set forth herein, Maker and all endorsers,                sureties, and guarantors hereof hereby jointly and severally waive                all                exemption rights under any applicable law, and also waive presentment                for                payment, demand, notice of nonpayment, valuation, appraisement, protest,                demand, dishonor, notice of protest, notice of intent to accelerate,                notice of acceleration, and all other notices, and without further                notice                hereby consent to all renewals, extensions, or partial payments either                before or after maturity. |
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| 10.   | **Severability****.**                The invalidity, or unenforceability in particular circumstances,                of any                provision of this Note shall not extend beyond such provision or                such                circumstances and no other provision of this Note shall be affected                thereby. |
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| 11.   | **Highest                Lawful Rate****.**                It is expressly stipulated and agreed to be the intent of Maker and                Payee                at all times to comply with the applicable state and federal law                governing                the maximum rate or amount of interest payable on or in connection                with                this Note (or applicable United States federal law to the extent                that it                permits Payee to contract for, charge, take, reserve or receive a                greater                amount of interest than under state law). If the applicable law is                ever                judicially interpreted so as to make the amount of interest exceed                any                applicable law or regulation, or render usurious any amount called                for                under this Note, or contracted for, charged, taken, reserved or received                with respect to the indebtedness evidenced by this Note (the “Loan”),                or if acceleration of the maturity of this Note or if any prepayment                by                Maker results in Maker having paid any interest in excess of that                permitted by law, then it is Maker’s and Payee’s express intent that all                excess amounts theretofore collected by Payee be credited on the                principal                balance of this Note (or, if this Note has been or would thereby                be paid                in full, refunded to Maker), and the provisions of this Note and                the other                Agreements immediately be deemed reformed and the amounts thereafter                collectible hereunder and thereunder reduced, without the necessity                of the                execution of any new document, so as to permit the recovery of the                fullest                amount called for hereunder and thereunder, while complying in all                respects with applicable law. The right to accelerate the maturity                of this                Note does not include the right to accelerate any interest that has                not                otherwise accrued on the date of such acceleration, and Payee does                not                intend to collect any unearned interest in the event of acceleration.                All                sums paid or agreed to be paid to Payee for the use, forbearance                or                detention of the Loan shall, to the extent permitted by applicable                law, be                amortized, prorated, allocated and spread throughout the full term                of the                Loan until payment in full so that the rate or amount of interest                on                account of the Loan does not exceed the applicable usury ceiling.                Notwithstanding any provision contained in this Note or in any of                the                other Agreements that permits the compounding of interest, including                without limitation any provision by which any of the accrued interest                is                added to the principal amount of this Note, the total amount of interest                that Maker is obligated to pay and Payee is entitled to receive with                respect to this Note shall not exceed the amount calculated on a                simple                (i.e.,                non-compounded) interest basis at the Highest Lawful Rate on principal                amounts actually advanced to or for the account of Maker, including                the                initial principal amount of this Note and any advances made pursuant                to                any of the Agreements (such as for the payment of taxes, insurance                premiums and the like). As used herein, the term “Highest                Lawful Rate”                shall mean the maximum non-usurious rate of interest which may be                lawfully                contracted for, charged, taken, reserved or received by Payee from                Maker                in connection with the Loan under the applicable state law (or applicable                United States federal law, to the extent that it permits Payee to                contract                for, charge, take, reserve or receive a greater amount of interest                than                under state law). |
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| 12.   | **Notices**.                All notices or demands required or permitted hereunder shall be in                writing                and shall be delivered personally or sent by registered or certified                mail,                postage prepaid: |
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| 13.   | **Governing                Law and Exclusive Venue**.                This Note shall be construed in accordance with and governed by the                laws                of the State of California. The Payee, by acceptance hereof, and                Maker                hereby agree any legal action in connection with this Note shall                be                instituted only in the courts of                California. |
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| 14.**  ** | **Successors                and Assigns**.                The provisions of this Note are binding on the assigns and successors                of                the Maker and shall inure to the benefit of the holder hereof and                such                holder's successors and assigns. |
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| 15.   | **Headings**.                The headings of the sections of this Note are inserted for convenience                only and shall not be deemed to constitute a part                hereof |
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|   |                                            |   |
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|   | **STATMON                  TECHNOLOGIES CORP.** |
|   |                                            |   |
|        | By:                                   |   |  |
|   | Name:                                           |   |  |
|   | Title:                                          |   |  |
|   |                                            |

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