Promissory Note between JAWZ Inc. and Thomson Kernaghan & Co., Ltd. dated February 27, 2001

Summary

JAWZ Inc., a Delaware corporation, promises to pay Thomson Kernaghan & Co., Ltd. $945,000 in U.S. dollars on demand. The company may repay the full amount or any part of it at any time without penalty or notice. JAWZ Inc. waives certain formalities related to payment demands and notices. The agreement is signed by JAWZ Inc.'s Chief Financial Officer and is effective as of February 27, 2001.

EX-2.4 5 o05541ex2-4.txt EXHIBIT 2.4 1 Exhibit 2.4 February 27, 2001 PROMISSORY NOTE Amount Due: $ 945,000 USD. Promissor: JAWZ Inc. Promissee: Thomson Kernaghan & Co., Ltd. JAWZ Inc., (the "Promissor") a business incorporated in the State of Delaware, United States, for value received, hereby promises to pay on demand, to or to the order of Thomson Kernaghan & Co., Ltd. (the "Promissee"), the sum of NINE HUNDRED FORTY FIVE THOUSAND DOLLARS ($ 945,000) from the date hereof, in lawful money of the United States of America. The Promissor shall have the right at any time to prepay all or any part of the principal sum or so much thereof as remains from time to time unpaid hereunder without notice and without payment of any penalty. The Promissor hereby waives demand and presentment for payment, notice of non-payment, protest and notice of protest of this promissory note. IN WITNESS WHEREOF the Promissor has executed this promissory note as of the 27th day of February, 2001. JAWZ INC. /s/ "Riaz Mamdani" ------------------------------------- Riaz Mamdani, Chief Financial Officer