EXFO ELECTRO OPTICAL ENGINEERING INC
F-1, EX-10.12, 2000-06-09
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                                                                   EXHIBIT 10.12


                             DEMAND PROMISSORY NOTE

                                                                          , 2000

$23,736,747                                                       Vanier, Quebec


EXFO Electro-Optical Engineering Inc./EXFO Ingenierie Electro-Optique inc.
("EXFO") promises to pay on demand to GEXFO Investissements Technologiques Inc.
the sum of $23,736,747 in lawful money of Canada, the whole without interest
thereon.

This promissory note is non-assignable.



                                   EXFO INGENIERIE ELECTRO-OPTIQUE INC./
                                   EXFO ELECTRO-OPTICAL ENGINEERING INC.




                                   Per : ______________________________________
                                         Germain Lamonde


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