ADVANCE PROMISSORY NOTE
Subject to the terms and conditions hereof, Banyan Corporation, an Oregon corporation ("Banyan")
promises to pay to the order of 860538 Alberta Corp. a/k/a 860532 Alberta Corp. , a corporation organized
and existing under the laws of Alberta, Canada ("Note Holder"), at Suite 207, 5005 Elbow, Drive S.W.,
Calgary, Alberta, Canada T2S 2T6 or at such other place as Note Holder may designate in writing two hundred
thousand and no/100 dollars ($200,000.00) in lawful money of the United States of America, or so much
thereof as Holder may advance to or for the benefit of Banyan plus simple interest at the rate of seven percent
(7.00%) per annum calculated on a daily basis from the date hereof on the principal balance from time to time
outstanding, on January 1, 2008 . As of the date hereof, the outstanding balance due from Banyan hereunder for
any and all amounts advanced by Note Holder prior to the date hereof is fifty eight thousand eight hundred
seventy two dollars and no/cents ($58,872.00) . This promissory note supersedes any and all promissory notes
and any other evidences of the indebtedness of Banyan to the Note Holder, all of which are hereby refinanced
pursuant to the terms and conditions hereof.
Banyan may prepay the principal amount outstanding under this Promissory Note, in whole or in part, at
any time without penalty. Any partial prepayment of principal hereunder shall be applied against the principal
amount outstanding and shall not postpone the due date of any subsequent payments or change the amount of
such payments.
It is agreed that if this Note is not paid when due or declared due hereunder, the entire principal and
accrued interest thereon shall draw interest at the rate of ten percent (9.00%) per annum, and that failure to make
any payment of principal or interest when due or any default under any encumbrance or agreement securing this
Note shall cause the whole Note to become due at once, or the interest to be counted as