Document:

EXHIBIT 10.7

                                 PROMISSORY NOTE

$100,000.00                                                      August 23, 2004

                                                Providenciales, Turks and Caicos

Nelana  Holdings Ltd, an entity duly formed and organized  under the laws of the
Turks and  Caicos  Islands  ("Maker"),  hereby  promises  to pay to the order of
Nannaco,  Inc., a Texas  corporation  ("Holder"),  at 7235 North Creek Loop, Gig
Harbor,  WA 98335,  the sum of One  Hundred  Thousand  Dollars  ($100,000)  (the
"Principal"),  with  interest  at the rate of two  percent  (2%) per annum until
paid, pursuant to the following schedule:

      1.    Maker promises to pay Ten Thousand Dollars ($10,000.00) to Holder on
            or before October 15, 2004; and

      2.    Maker   promises  to  pay  Seven   Thousand  Five  Hundred   Dollars
            ($7,500.00), plus any accrued interest, on or before the fifth (5th)
            day of each month  thereafter,  until all principal and interest has
            been paid under this Note.

All  outstanding  principal and interest  shall be due on or before  October 15,
2005.

If not so paid and at the option of Holder,  or its assigns,  all  principal and
interest, shall become immediately due and payable. An "Event of "Default" under
this Note shall occur when the  Principal  or any other  amount to be paid under
this Note is not paid in full when due. Upon an Event of Default, Maker promises
to pay to Holder  interest on all unpaid  Principal  at a rate equal to eighteen
percent (18%) per annum.

Interest  shall be  computed on the basis of a 365-day  year or 366-day  year as
applicable,  and actual days lapsed. Maker shall have the privilege of prepaying
the principal under this Note in whole or in part, without penalty or premium at
any time.  All payments  hereunder  shall be applied first to interest,  then to
principal, then to late charges.

Maker shall pay upon demand any and all expenses,  including reasonable attorney
fees,  incurred  or paid by  Holder  of this  Note  without  suit or  action  in
attempting  to  collect  funds due under  this  Note.  In the event an action is
instituted to enforce or interpret  any of the terms of this Note  including but
not limited to any action or participation by Maker in, or in connection with, a
case or  proceeding  under the  Bankruptcy  Code or any successor  statute,  the
prevailing party shall be entitled to recover all expenses  reasonably  incurred
at,  before and after  trial and on appeal or review,  whether or not taxable as
costs,  including,  without limitation,  attorney fees, witness fees (expert and
otherwise), deposition costs, copying charges and other expenses.

All parties to this Note hereby waive presentment,  dishonor, notice of dishonor
and  protest.  Upon an Event of Default,  Maker  waives any right to object to a
motion for summary judgment or similar  proceeding  instituted by Holder, or its
successors  or  assigns,  in  connection  with  attempts  to remedy any Event of
Default and otherwise collect all amounts due and owing under this Note.

<PAGE>

No delay or  omission  on the part of Holder to  exercise  any right,  remedy or
power to  enforce  this Note will  impair  the same or be a waiver of any right,
remedy or power under this Note.  No waiver by Holder of any Event of Default or
right,  remedy or power under this Note will be effective  unless in writing and
signed by Maker.  Further,  no waiver on one  occasion  will be  construed  as a
waiver on any other  occasion.  No  modification  of this Note will be effective
unless the modification is in writing and is signed by Maker.

This Note is governed by, and will be construed in accordance  with, the laws of
the State of Washington (without giving effect to its principles of conflicts of
law).  Maker hereby  irrevocably  submits to the  jurisdiction  of the state and
federal  courts  situated in King County,  State of Washington in any proceeding
related to this Note.

MAKER: NELANA HOLDINGS LTD.

By:  /s/ Norman Saunders
     Name:  Norman Saunders
     Title:NELANA HOLDINGS LTD.

                             SUBSCRIPTION AGREEMENT

To:   Norman Saunders
      Nelana Holdings Ltd.
      Post Office Box 257
      Town Centre
      Town Centre Building
      Providenciales
      Turks and Caicos

      Attention:  Mr. Saunders

      1. Subscription. Nelana Holdings Ltd., an entity duly formed and organized
under the laws of the Turks and Caicos Islands (the "Purchaser"),  hereby offers
to purchase  5,102,041 shares of Series A Preferred Stock (the  "Securities") of
Reality Wireless  Networks,  Inc., a Nevada  corporation  (the "Company"),  at a
purchase price of One Hundred  Thousand Dollars  ($100,000.00)  pursuant to that
promissory  Note  attached  hereto  as  Exhibit  A, and as set forth  below,  in
accordance  with a private  offering  ("Offering")  of  securities  through  the
Company.

      By  execution  of  this  Subscription  Agreement,   the  Purchaser  hereby
acknowledges  that it understands  that the Company is relying upon the accuracy
and   completeness   of  all   information   it  has  entered   herein  and  all
representations  and  warranties  it has made  hereunder in  complying  with the
Company's obligations under applicable U.S. federal and state securities laws.

      2. General  Representations.  The Purchaser  represents,  acknowledges and
agrees that:

            (a) it is not a "U.S.  person" as that term is defined in Regulation
      S1,  promulgated  under the U.S.  Securities  Act of 1933, as amended (the
      "U.S. Securities Act"); and

______________________________

    1"U.S. person" is defined under Regulation S as:
(i)     Any natural person resident in the United States;
(ii)    Any partnership or corporation  organized or incorporated under the laws
        of the United States;
(iii)   Any estate of which any executor or administrator is a U.S. person;
(iv)    Any trust of which any trustee is a U.S. person;
(v)     Any agency or branch of a foreign entity located in the United States;
(vi)    Any  non-discretionary  account or similar account (other than an estate
        or trust) held by a dealer or other fiduciary for the benefit or account
        of a U.S. person;
(vii)   Any  discretionary  account or similar  account (other than an estate or
        trust) held by a dealer or other fiduciary organized,  incorporated,  or
        (if an individual) resident in the United States; and
(viii)  Any partnership or corporation if:
        (A)    Organized  or   incorporated   under  the  laws  of  any  foreign
               jurisdiction; and

<PAGE>

            (b)it will not be purchasing  Securities  for the account or benefit
of any U.S.  Person;  the offer was not made to the Purchaser when it was in the
United  States;  at the time the  Purchaser's  buy  order was  delivered  to the
Company,  the Purchaser was outside the United States;  the Subscriber  received
and  accepted  this   subscription  and  entered  into  this  Agreement  in  its
jurisdiction of residence;  and such  jurisdiction of residence is as set out on
page 1 of this Agreement.

            (c) that the Securities acquired pursuant to this Agreement have not
been  registered  under the U.S.  Securities Act, and are being sold in reliance
upon an  exemption  from  registration  afforded by  Regulation  S; and that the
Securities  have not been  registered  with any state  securities  commission or
authority.  The Purchaser further  understands that pursuant to the requirements
of Regulation S, the Securities acquired herein may not be transferred,  sold or
otherwise  exchanged  unless in compliance  with the  provisions of Regulation S
and/or pursuant to registration under the U.S. Securities Act, or pursuant to an
available exemption under the U.S. Securities Act.

            (d) the Securities are being  purchased by the Purchaser for its own
account,  for investment  only and not with a view toward resale or distribution
thereof  to  any  other  person,  and  it  is  not  participating,  directly  or
indirectly, in any underwriting or distribution;

            (e) none of the Securities  purchased by the Purchaser shall be sold
or  otherwise  transferred  contrary  to the  provisions  of  this  Subscription
Agreement or any federal or state securities law, and the Purchaser  understands
that unless the Securities are subsequently registered under the U.S. Securities
Act,  they  may  not in any  event  be  sold or  transferred  except  by a valid
exemption from registration under the U.S. Securities Act;

            (f) any and all certificates  representing the Securities  purchased
and any and all securities issued in replacement  thereof or in exchange thereof
shall bear the following legend or one substantially similar thereto,  which the
Purchaser has read and understands:

               "THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED
               UNDER  THE U.S.  SECURITIES  ACT OF 1933  (THE  "ACT") OR
               APPLICABLE   STATE  SECURITIES  LAWS,  AND  THE  TRANSFER
               THEREOF  IS  PROHIBITED  EXCEPT  IN  ACCORDANCE  WITH THE
               PROVISIONS  OF  REGULATION  S UNDER THE ACT,  PURSUANT TO
               REGISTRATION   UNDER   THE  ACT  AND   APPLICABLE   STATE
               SECURITIES  LAWS,  OR PURSUANT TO AN AVAILABLE  EXEMPTION
               FROM SUCH REGISTRATION.  HEDGING  TRANSACTIONS  INVOLVING
               THESE   SECURITIES   MAY  NOT  BE  CONDUCTED   UNLESS  IN
               COMPLIANCE WITH THE ACT".

________________________________________________________________________________

        (B)    formed by a U.S. person  principally for the purpose of investing
               any  securities  not  registered  under  the  Act,  unless  it is
               organized or incorporated, and owned, by accredited investors (as
               defined  in Rule  501(a)  under  the  Act)  who  are not  natural
               persons, estates or trusts.

                                       2
<PAGE>

            (g) the  Company  shall  have  the  right  to  issue  stop  transfer
instructions on its official stock records, and the Purchaser  acknowledges that
the  Company  has  informed  the  Purchaser  of  its  intention  to  issue  such
instructions:

            (h) there is currently no trading market in these  Securities of the
Company,  and the Company presently has no plans to register the Securities,  so
that  there  may  never be a public  trading  market  for the  Securities,  with
consequent possible indefinite illiquidity of the Securities;

            (i)  hedging  transactions  involving  the  Securities  may  not  be
conducted unless in compliance with the U.S. Securities Act.

            (j) at no time has it been  explicitly  or  implicitly  represented,
guaranteed or warranted to the  Purchaser by the Company,  its  management,  the
agents or employees of the Company or any other  person:  (i) that the Purchaser
will be able to transfer the Securities on any particular date; (ii) that if and
when the Purchaser may wish to transfer the Securities,  such securities will be
validly  transferable  under federal and applicable state securities laws; (iii)
that the  Purchaser  will realize any  percentage  or amount of profit,  gain or
other  consideration  as a result of any  investment it has made or will make in
the Company;  or (iv) that the Purchaser or other  shareholders will receive any
dividends or other distributions from the Company at any time;

            (k)  investment  in  the  Securities  is  a  long-term,  speculative
investment  which  involves a  substantial  risk of loss to the Purchaser of its
entire   investment;   that  the   Purchaser   takes  full   cognizance  of  and
responsibility  for the risks  related to the  purchase of the  Securities;  the
Purchaser has no need for liquidity with respect to its investment either now or
within the foreseeable future; and the Purchaser can bear a complete loss of its
investment without undue hardship to itself;

            (l) the Purchaser and its purchaser representative, if any, has been
afforded an opportunity  to examine such documents and obtain such  information,
including the Company's  financial  statements  concerning the Company as it may
have requested,  and the Purchaser has had the opportunity to request such other
information  and ask questions of the officers and directors of the Company (and
all information so requested has been provided) for the purpose of verifying the
information  furnished  to it and for  answering  any  question  it may have had
concerning the business, prospects and affairs of the Company;

            (m) the Purchaser  understands and acknowledges that any projections
or  financial  forecasts of the Company may likely prove to be incorrect in view
of the early stage of the Company's development; and no assurance has been given
to it that actual results will correspond in any meaningful way with the results
contemplated by the various projections, financial forecasts or predictions; and

                                       3
<PAGE>

            (n)  the  Purchaser  has  been  advised  to  consult  with  its  own
investment adviser,  attorney,  and accountant regarding the Company's prospects
and legal and tax matters, concerning an investment in the Company, and has done
so, to the extent it consider that to be necessary.

      3. Suitability Standards,  Representations,  and Warranties. The Purchaser
represents  and warrants that all of the  information  which it has furnished in
this  Subscription  Agreement  is correct  and  complete  as of the date of this
Subscription  Agreement,  and will be correct and complete on the closing of the
sale of the Shares  subscribed for, and the  representations  and warranties and
agreements  herein shall  survive the closing date and may be relied upon by the
Company in its  reliance  upon an  exemption  from  registration  under the U.S.
Securities Act and state securities laws.

      4.  Indemnification.  The  Purchaser  understands  the  meaning  and legal
consequences   of  the   representations   and  warranties   contained  in  this
Subscription  Agreement  and agrees to indemnify  and hold harmless the Company,
its  officers  and  directors,  and each agent and  employee  thereof,  from and
against any and all loss,  damage,  liability  or expense  including  judgments,
fines,  amounts  paid in  settlement,  attorney's  fees and  other  legal  costs
actually incurred as a result of any such person or entity being made a party or
threatened to be made a party to any  threatened,  pending or completed  action,
suit or proceeding, whether civil, criminal,  administrative,  or investigative,
by reason of or arising from any breach of  representation  or warranty of it or
any  misrepresentation or misstatement of fact or omission to state or represent
facts made by it to the Company,  including without limitation,  the information
which it has furnished in this Subscription Agreement.

      5. Miscellaneous

            (a) The  disclosure  provided in this  Subscription  Agreement  with
respect  to  certain  aspects  of  resale  restrictions  which  applies  to  the
Securities and securities laws of the United States is only a summary and is not
intended to be exhaustive  and does not refer to resale  restrictions  which may
arise by reason of securities  laws other than those of the United  States.  THE
SUBSCRIBER SHOULD CONSULT HIS OWN PROFESSIONAL ADVISORS REGARDING THIS AGREEMENT
AND RESALE RESTRICTIONS APPLICABLE TO THE SHARES.

            (b) All  notices  or other  communications  given or made  hereunder
shall be in writing and shall be delivered or mailed by  registered or certified
mail, return receipt requested,  postage prepaid,  to the Company at the address
set forth above and to the undersigned at the address set forth on the signature
page hereof.

                                       4
<PAGE>

            (b) This  Subscription  Agreement  constitutes the entire  agreement
among  the  parties  hereto  with  respect  to the  subject  matter  hereof  and
supersedes  any  prior  or  contemporaneous   representations,   warranties,  or
agreements  (whether  oral or  written),  and may be amended or waived only by a
writing executed by the party to be bound.

Number of Shares of Common Stock Subscribed For:      5,102,041
                                                      ---------

Total Purchase Price of the Shares Subscribed For:    $ 100,000

By:   _____________________________________________   ______________
                                                      Date
      Name: Norman Saunders
      For: Nelana Holdings Ltd.

Address Nelana Holdings Ltd.:

Address:    _________________________________________________

            _________________________________________________

            _________________________________________________

Phone:      _________________________________________________

Facsimile:  _________________________________________________

Accepted and agreed to as of the above date.

Reality Wireless Networks, Inc.

 /s/ Steve Careaga
----------------------------
Name: Steve Careaga
Title: President

                                       5
<PAGE>

                                    EXHIBIT A

                         [SEE ATTACHED PROMISSORY NOTE]

                                       6

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