Exhibit 4.9


 


PROMISSORY NOTE


DATE OF ISSUANCE: December 31, 2013


 


THIS PROMISSORY
NOTE issued by Full Spectrum Inc. (the “Maker”), relates to the principal amount of $250,000 (the “Principal
Debt”) owed by the Maker to Grove Industries Ltd. (hereinafter, along with all subsequent holders of this Note, the “Payee”).


 


For value received,
the Maker, hereby promises to pay the Principal Debt plus Interest, defined below, to the order of the Payee, on or prior to
December 31, 2014 (the “Maturity Date”) at Payee’s principal place of business or such other address as Payee
may from time to time specify. The funds advanced herein shall be used for the sole purpose of operating expenses and not to repay
any loans.


 


		1.	Interest



 


In consideration of the providing of the
Principal Debt, subject to the provisions of this Note, the Maker agrees to pay to the Payee interest of 10% per annum on the outstanding
Principal Debt shall accrue from the date of this Note and shall be payable in arrears together with, at the same time and in the
same manner as payment of Principal Debt.


 


		2.	Payment Terms



 


2.1           Application.
Payments hereunder shall be applied in order of priority, first to Interest accrued, then to the principal and thereafter to other
costs of Payee payable hereunder. Payments shall be deemed made upon receipt by Payee.


 


2.2           Repayment.
The amount outstanding on this Note may be repaid in whole or in part at any time or times at the option of Maker without penalty.


 


2.3           Business
Days. If any payment shall become due on a Saturday, Sunday, or a public holiday under the laws of the State of New York or the
United States, such payment shall be due and made on the next succeeding business day and such extension of time shall be included
in computing interest in connection with such payment.


 


2.4           All
payments contemplated hereby to be made “in cash” shall be made in immediately available good funds in such coin or
currency of the United States as at the time of payment is legal tender for payment of public and private debts.


 


3.          No
recourse shall be had for the payment of the principal of this Note, or for any claim based hereon, or otherwise in respect hereof,
against any incorporator, shareholder, officer or director, as such, past, present or future, of the Maker or any successor corporation,
whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise,
all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and
released. This provision shall not affect the obligations of Maker in any manner under this Note.


 


4.          Transfers.
The Payee, by acceptance hereof, agrees that this Note is being acquired for investment and that Payee will not offer, sell or
otherwise dispose of this Note except under circumstances which will not result in a violation of applicable securities laws including
without limitation, the Act or any applicable state Blue Sky or foreign laws or similar laws relating to the sale of securities.


 




     


     


    

 


		5.	Events of Default. The following shall constitute an “Event
of Default”:



 


		a.	The Maker shall default in the payment of principal at
the Maturity Date; or



 


		b.	Any of the representations or warranties made by the Maker
herein or in any certificate or financial or other written statements heretofore or hereafter furnished by the Maker in connection
with the execution and delivery of this Note shall be false or misleading in any material respect at the time made; or



 


		c.	The Maker shall fail to perform or observe, in any material
respect, any other covenant, term, provision, condition, agreement or obligation of the Note and such failure shall continue uncured
for a period of five (5) business days after written notice from the Payee of such failure; or



 


		d.	The Maker shall (1) make an assignment for the benefit
of creditors or commence proceedings for its dissolution; or (2) apply for or consent to the appointment of a trustee, liquidator
or receiver for its or for a substantial part of its property or business; or



 


		e.	A trustee, liquidator or receiver shall be appointed for
the Maker or for a substantial part of its property or business without its consent and shall not be discharged within sixty (60)
days after such appointment; or



 


		f.	Any governmental agency or any court of competent jurisdiction
at the instance of any governmental agency shall assume custody or control of the whole or any substantial portion of the properties
or assets of the Maker and shall not be dismissed within sixty (60) days thereafter; or



 


		g.	Any money judgment, writ or warrant of attachment, or similar
process in excess of One Hundred Thousand ($100,000) US Dollars in the aggregate shall be entered or filed against the Maker or
any of its properties or other assets and shall remain unpaid, unvacated, unbonded or unstayed for a period of thirty (30) days
or in any event later than five (5) days prior to the date of any proposed sale thereunder; or



 


		h.	Bankruptcy, reorganization, insolvency or liquidation proceedings
or other proceedings for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against
the Maker and, if instituted against the Maker, shall not be dismissed within thirty (30) days after such institution or the Maker
shall by any action or answer approve of, consent to, or acquiesce in any such proceedings or admit the material allegations of,
or default in answering a petition filed in any such proceeding; or



 




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Then, or at any time
thereafter, and in each and every such case, unless such Event of Default shall have been waived in writing by the Payee (which
waiver shall not be deemed to be a waiver of any subsequent default) at the option of the Payee and in the Payee’s sole discretion,
the Payee may consider this Note immediately due and payable, without presentment, demand, protest or notice of any kind whatsoever,
all of which are hereby expressly waived, anything herein or in any note or other instruments contained to the contrary notwithstanding,
and the Payee may immediately enforce any and all of the Payee’s rights and remedies provided herein or any other rights
or remedies afforded by law.


 


		6..	Waivers and Consents.



 


Maker hereby waives
diligence, demand, presentment for payment, notice of non-payment, protest and notice of protest, and specifically consents to
and waives notice of any renewals or extensions of this Note, whether made to or in favor of Maker or any other person or persons.
The pleading of any statute of limitations as a defense to any demand against Maker is expressly waived by each and all of said
parties to the fullest extent permitted by law. The waiver by Payee of any breach or violation of, or default under, any provision
of this Note shall not be a waiver by such party of any other provision or of any subsequent breach or violation of this Note or
default hereunder.


 


		7.	Governing Law and Venue.



 


This Note is governed
by and is to be construed and enforced in accordance with the laws of the State of New York. Any litigation between the parties,
which arises out of this Note, shall be instituted and prosecuted exclusively in the appropriate court sitting in the City of New
York, State of New York. Notwithstanding the foregoing, the Payee may take such actions in any other jurisdiction which the Payee
deems necessary and appropriate to enforce or collect any court judgment in any dispute arising out of this Note or to seek and
obtain other relief as is necessary to enforce the terms of this Note.


 


		8.	Payee’s Rights and Remedies.



 


The rights, powers
and remedies of Payee under this Note shall be in addition to all rights, powers and remedies given to Payee by virtue of any statute
or rule of law. All such rights, powers and remedies shall be cumulative and may be exercised successively or concurrently in Payee’s
sole discretion. Any forbearance, failure or delay by Payee in exercising any right, power or remedy of Payee shall continue in
full force and effect until such right, power or remedy is specifically waived in writing executed by Payee.


 




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		9.	Costs; Attorneys’ Fees.



 


Maker agrees to pay
the following costs, (a) all costs of collection, costs, expenses, and attorneys’ fees paid or incurred in connection with
the collection or enforcement of this Note if Payee is the prevailing party, whether or not suit is filed; and (b) costs of suit
and such other sum as the Court may adjudge as attorneys’ fees in an action to enforce payment of this Note or any part of
it, if the Payee is the prevailing party.


 


IN WITNESS WHEREOF,
this Note has been executed and delivered as of the date first above written by the duly authorized representative of Maker.


 


	Full Spectrum, Inc.	 
	 	 	 
	By:	/s/ Stewart Kantor	 


 




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