Attached files
| file | filename |
|---|---|
| S-1/A - FORM S-1 - GBT Technologies Inc. | forms1.htm |
| EX-4.1 - EXHIBIT 4.1 - GBT Technologies Inc. | ex41.htm |
| EX-23.1 - EXHIBIT 23.1 - GBT Technologies Inc. | ex231.htm |
Exhibit
4.2
NOTE
October
20, 2009
Beverly
Hills, California
FOR VALUE RECEIVED, Forex International
Trading Corp. (the "Maker"), hereby promises to pay RASEL LTD. (the "Payee"), at
such place as Payee may, from time to time, designate, the principal sum of
$50,000 in lawful money of the United States no later than October 20,
2010.
Maker further promises to pay interest
on the unpaid principal balance hereof at the rate of four percent (4%) per
annum, such interest to be paid at maturity. Interest shall be
calculated on the basis of a 360 day year and actual days elapsed. In
no event shall the interest charged hereunder exceed the maximum permitted under
the laws of the state of Texas.
This Note can be prepaid in whole or in
part at any time without the consent of the Payee provided that Maker shall pay
all accrued interest on the principal so prepaid to date of such
prepayment.
Notwithstanding the due date of this
Note specified above, the entire unpaid principal balance of this Note and
interest accrued with respect thereto shall be immediately due and payable upon
the occurrence of any of the following:
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The
Maker committing an act of bankruptcy, making an assignment for the
benefit of creditors or making or sending a notice of intended bulk
transfer, or if a meeting of creditors is convened or a committee of
creditors is appointed for, or any petition or proceeding for any relief
under any bankruptcy, reorganization, insolvency, readjustment of debt,
receivership, liquidation or dissolution law or statute now or hereinafter
in effect (whether at law or in equity) is filed or commenced by or
against Maker or any property of Maker, or the appointment of a receiver
or trustee for Maker or any property of
Maker.
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The Maker waives demand, presentment,
protest and notice of any kind.
This Note may not be changed, modified
or terminated orally, but only by an agreement in writing, signed by the party
to be charged.
This Note shall be governed by and
construed in accordance with the laws of the state of California and shall be
binding upon the successors, assigns, heirs, administrators and executors of the
Maker and enure to the benefit of the Payee, its successors, endorsees, assigns,
heirs, administrators and executors.
If any term or provision of this Note
shall be held invalid, illegal or unenforceable, the validity of all other terms
and provisions hereof shall in no way be affected thereby.
FOREX INTERNATIONAL TRADING
CORP.
By: /s/ Moshe Schnapp
Name: Moshe Schnapp
Title: CEO