Demand Promissory Note


 


Andreas A. McRobbie-Johnson


an individual currently residing at 6081 W.
Park Ave., Chandler, AZ 85226


(Hereinafter referred to as the “Borrower”)


 


- And -


 


DIGNYTE, INC.


An Arizona corporation with its principal offices
at 605 W. Knox Rd., Suite 202 Tempe, AZ 85284


(Hereinafter referred to as the “Lender”)


 


FOR VALUE RECEIVED, the Borrower hereby
unconditionally promises to pay to the order of Lender the sum of TenThousand Dollars ($10,000.00) together with interest accrued
at the rate of five percent (5.0%) per year on any unpaid balance accruing from and after the first 24 months of the date hereof.


 


Payable on Demand


 


The entire outstanding amount shall become
immediately payable upon demand by the Lender or holder of this Note, but demand shall not be made before the last day of September
2012.


 


Place of Payment


 


Payment shall be made at the above stated address
of the Lender or at such place as may be designated from time to time in writing by the Lender or holder of this Note. For ease
of payment the Borrower may exercise the option to effect payment by direct deposit or electronic transfer of funds into the account
of Lender as specified in writing.


 


NoPrepayment Penalty


 


The Borrower may prepay this Note in full or
in part at any time and from time to time without premium or penalty. All prepayments shall first be applied to accrued interest
and thereafter to the principal loan amount.


 



    	 



    	 



    

 


Default


 


Should the Borrower not make full payment within
thirty (30) days of demand, this Note may be turned over for collection and the Borrower agrees to pay all reasonable legal fees
and collection charges to the extent permissible by law, in addition to other amounts due. This Note may also be satisfied upon
the provision of uninterrupted service to the Lender for a period of 12 months from the date hereof with respect to the unpaid
principal balance and any accrued but unpaid interest thereon due under this Note to the Lender.


 


No Transfer


 


The Lender may not transfer this Note to another
holder without notice to the Borrower. If the Borrower consents to the requested transfer, the Borrower agrees to remain bound
to any subsequent holder of this Note under the terms of this Note.


 


Replacement of Note


 


The Borrower agrees to execute a new Note with
the same terms and conditions and remaining value in the event that this Note is lost, stolen or mutilated. The Lender shall release
the Borrower of all obligations under the lost, stolen or mutilated Note in lieu of a replacement new Note.


 


Borrower's Waiver


 


The Borrower waives presentment for payment,
notice of non-payment, off-set, protest and notice of protest and agrees to remain fully bound until this Note is paid in full.


 


Lender's Indulgence


 


No relaxation, indulgence, waiver, release
or concession of any terms of this Note by the Lender on one occasion shall be binding unless in writing and if granted shall not
be applicable to any other or future occasion.


 


Binding Effect


 


The terms of this Note shall be binding upon
the Borrower's successors and shall accrue to the benefit and be enforceable by the Lender and his/her successors, legal representatives
and assigns.


 


Jurisdiction


 


This Note shall be construed, interpreted and
governed in accordance with the laws of the State of Arizona and should any provision of this Note be judged by an appropriate
court of law as invalid, it shall not affect any of the remaining provisions whatsoever.


 


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General


 


Where appropriate words signifying one gender
shall include the others and words signifying the singular shall include the plural and vice versa.


 


Paragraph headings are for convenience of reference
only and are not intended to have any effect in the interpretation or determining of rights or obligations under this Note.


 


Signed at the City of Chandler, AZ on
this _____day of May, 2011.


 


	/s/
    Andreas A. McRobbie-Johnson	 
	Andreas A. McRobbie-Johnson,	 
	as Borrower	 


 


	DIGNYTE, INC.	 
	as Lender	 


 


	/s/ Andreas
    A. McRobbie-Johnson	 
	Andreas A. McRobbie-Johnson	 
	President & CEO