Promissory Note between Infitech Ventures Inc. and Paul G. Daly
Infitech Ventures Inc. agrees to repay Paul G. Daly a specified amount in either cash or common stock, with the repayment date to be determined. The repayment is subject to U.S. Securities and Exchange Commission rules. No interest will be charged. Both parties are located in Toronto, Canada. The agreement is formalized by the signature of an authorized representative of Infitech Ventures Inc.
PROMISSORY NOTE
Name of Borrower | Infitech Ventures Inc. |
20 Lyall Avenue | |
Toronto Ontario, Canada M4E 1V9 | |
Name of Lender | Paul G. Daly |
20 Lyall Avenue | |
Toronto Ontario, Canada M4E 1V9 |
1. | For value reviewed, Borrower agrees to pay the Lender, the amount of [$CDN/$US] _____________ without interest on a date to be determined. Payment will be sent to the Lender at 20 Lyall Avenue, Toronto Ontario Canada M4E 1V9. Payment can be made in cash or common stock with any repayment subject to the requirements imposed by the Securities and Exchange Commission under the Securities Exchange Act of 1934. |
Dated at the City of _______this _____day of ___________, ______
Signature of Borrower or authorized signatory of Corporation ____________________
Name of authorized signatory of Corporation | PAUL G. DALY |
Name of Corporation | INFITECH VENTURES INC. |