PROMISSORY
      NOTE

     

    Principal
      Amount:  $600,000

    


    FOR
      VALUE
      RECEIVED, the undersigned on behalf of Oblio Telecom, Inc. is hereby authorized
      to pay to the order of AT&T Corp. (“AT&T”) the principal amount of Six
      Hundred Thousand Dollars ($600,000.00), in accordance with the following terms
      and conditions:

     

    1. This
      Note
      shall be payable with one initial payment of $100,000 payable on October 15,
      2007 and five (5) monthly installment payments due on the 1st of each month
      from
      November 1, 2007 through March 1, 2008. Each installment shall be in the amount
      of $100,000.00. 

     

    2. All
      payments shall be made payable to AT&T Corp. and shall be sent to:


     

    
      
        	
                Bank:

              	
                Bank
                  of America

              
	
                ABA:

              	
                111000012

              
	
                Account:

              	
                AT&T
                  CORP. CMD PREPAID CARD

              
	
                Acct
                  #:

              	
                3751257662

              
	
                Ref:

              	
                Oblio
                  Telecom

              


      

       

    

    or
      to
      such other address as AT&T may give notice of to Oblio.

     

    3. This
      Note
      may be prepaid at any time without penalty.

     

    4. The
      following shall constitute an “Event of Default”:

     

    (a) the
      failure of Oblio to pay any installment when due, which failure continues for
      ten (10) days following written notice or e-mail notice by AT&T, and


     

    (b) the
      filing of a petition under the United States Bankruptcy Code by or against
      Oblio.

     

    
      
        
        

      

      
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    5.
      In the
      event of an Event of Default, the remaining balance due under this Note shall
      be
      accelerated and the balance of the Note shall be payable immediately and
      AT&T shall be entitled to recover accrued interest at the rate of eleven
      percent (11%) per annum on the unpaid balance together with reasonable
      attorneys’ fees incurred in enforcing the Note. 

     

    6. Any
      notices made by AT&T shall be by U.S. mail, postage prepaid or alternatively
      by electronic mail as follows:

     

    To
      Oblio:

     

    Oblio
      Telecom, Inc.

    Attn:
      Bryan M. Chance

    1700
      Jay
      Ell Drive, Suite 200Richardson, Texas  75081

    (972)
      767-3117 (Fax)

    bchance@obliotel.com 

    


    With
      a
      copy to:

     

    C.
      John
      Scheef III

    Scheef
      & Stone, LLP

    2601
      Network Blvd., Suite 102

    Frisco,
      Texas  75034

    (214)
      472-2150 (Fax)

    john.scheef@solidcounsel.com 

    


    8. This
      Note
      is made pursuant to the terms of a Settlement Agreement entered into by AT&T
      and Oblio simultaneously herewith.

    


    
      
        
        

      

      
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    IN
      WITNESS WHEREOF, Oblio Telecom, Inc. has executed this Promissory Note under
      seal this    12th  
       day
      of October, 2007.

     

    
      	 	 	 
	 	OBLIO
              TELECOM,
              INC.
	 
 	 
 	 
 
	 	By:  	 
              /s/ Kurt Jensen
	 	
              
Kurt
              Jensen, President  
	 	 


    

     

    
      	WITNESS: 
              	 	 	 
	 	 	 	 
	 
/s/
              Frank P. Crivello	 	 	 
	
              
Frank
              P. Crivello  	 	 	
            


    

     

     

    GUARANTEE

    


    FOR
      VALUE
      RECEIVED,  the
      undersigned Bryan Chance, as President and Chief Executive Officer of Titan
      Global Holdings, Inc. (“Titan”), represents that he is duly authorized to commit
      and bind Titan to irrevocably guarantee the full and faithful performance of
      Oblio Telecom, Inc. under the terms of the foregoing Promissory Note, and
      further agrees that AT&T may hold Titan responsible for its reasonable
      attorneys’ fees in pursuing against it enforcement of Titan’s obligations under
      this Guarantee.

     

    
      	 	 	 
	 	TITAN
              GLOBAL
              HOLDINGS, INC
	 
 	 
 	 
 
	Date:
              October
              12, 2007	By:  	 
              /s/ David M. Marks
	 	
              
David
              M. Marks, Chairman  
	 	 


    

     

    
      	WITNESS:
              	 	 	 
	 	 	 	 
	 
              /s/ Frank P. Crivello	 	 	 
	
              
Frank
              P. Crivello  	 	 	
            


    

     

    
      
        
        

      

      
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