DEMAND PROMISSORY NOTE
Principal Amount: $25,000.00 January 1, 2005
FOR VALUE RECEIVED, Secure Networks, Inc., a Utah corporation (hereafter, the "Company" or "Maker")
hereby promises to pay to the order of Kenneth Denos ("Holder"), in lawful money of the United States of
America, the principal sum of Twenty-Five Thousand Dollars ($25,000.00) (the "Principal Amount"), together
with interest thereon as provided below.
1. PAYMENT TERMS. The entire Principal Amount together with all accrued but unpaid interest shall be due
and payable on the date of receipt of written demand of the holder (the "Maturity Date"). Any payments made on
this Note will be applied first to any costs and expenses (including attorneys' fees as provided in paragraph 5 )
incurred by Holder in connection with the collection of amounts owing pursuant to this Note, then to accrued
interest, and then to reduction of principal, or as otherwise determined at Holder's discretion.
2. INTEREST. Interest will accrue on Principal Amount outstanding at the rate of Ten percent (10%) per annum.
3. PREPAYMENT. This Note may be prepaid prior to the Maturity Date, provided, however, that such
repayment amount shall include not less than three
(3) month's interest at the rate specified hereunder, regardless of the time of repayment.
Any one of the following occurrences shall constitute an "Event of Default" under this Note:
4.1 The failure of Maker to make payment of principal and accrued interest due and payable under this Note in
accordance with the terms of written demand for payment hereunder; provided however, that Maker shall have
thirty (30) days to cure such default.
4.2 The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of the Maker
in any involuntary case or proceedings under the Federal bankruptcy law, as now constituted or hereafter
amended, or any other applicable Federal or state bankruptcy, insolvency, reorganization or other similar law, or