igam8k73507ex4_1.htm


    
      

    

    EXHIBIT
      4.1


     

    PROMISSORY
      NOTE

    


    


    $_____________ Date:  ___________,
      2007

    


    For
      value
      received, the undersigned, Interactive Games, Inc. (the "Borrower"), at 319
      Clematis Street – Suite 703, West Palm Beach, FL 33401, promises to pay to the
      order of ___________________________ (the "Lender"), at
      ______________________________________________________ (or at
      such
      other place as the Lender may designate in writing) the sum of
      $____________.

    


    The
      unpaid principal shall be payable in full one year from the origination date
      (the "Due Date").

    


    The
      principal balance on the Note shall accrue interest at a rate of 10.00% annually
      from the origination date of this Note until paid-in-full and is payable in
      kind.

    


    For
      each
      $50,000 in principal received from Lender, Lender shall receive a warrant to
      purchase 250,000 shares of the common stock of Borrower exercisable at $0.10
      per
      share for a period of three years from the origination date.

    


    All
      principal and interest under this Note shall be convertible at the sole
      discretion of Lender, in whole or in part, into the first equity offering
      completed by the Borrower of at least $500,000, at 85% of the offering
      price.

    


    If
      any
      payment obligation under this Note is not paid when due, the remaining unpaid
      principal balance and any accrued interest shall become due immediately at
      the
      option of the Lender.

    


    The
      Borrower reserves the right to prepay this Note (in whole or in part) prior
      to
      the Due Date with no prepayment penalty.  All payments shall be
      applied first to interest, if due, and then to principal.

    


    If
      any
      payment obligation under this Note is not paid when due, the Borrower promises
      to pay all costs of collection, including reasonable attorney fees, whether
      or
      not a lawsuit is commenced as part of the collection process.

    


    If
      any
      one or more of the provisions of this Note are determined to be unenforceable,
      in whole or in part, for any reason, the remaining provisions shall remain
      fully
      operative.

    


    All
      payments of principal and interest on this Note shall be paid in the legal
      currency of the United States.  The Borrower waives presentment for
      payment, protest, and notice of protest and nonpayment of this
      Note.

    


    No
      renewal or extension of this Note, delay in enforcing any right of the Lender
      under this Note, or assignment by Lender of this Note shall affect the liability
      or the obligations of the Borrower.  All rights of the Lender under
      this Note are cumulative and may be exercised concurrently or consecutively
      at
      the Lender's option.

    


    This
      Note
      shall be construed in accordance with the laws of the State of
      Florida.

    


    Borrower:

    INTERACTIVE
      GAMES, INC.

    


    


    


    By:____________________________________________________

         Henry
      Fong, President