Document:

EXHIBIT 10.4

                           CERTIFICATE OF DESIGNATION

                     OF PREFERENCES, RIGHTS AND LIMITATIONS

                                       OF

                            SERIES B PREFERRED STOCK

                                       OF

                            SYSVIEW TECHNOLOGY, INC.,

                             A DELAWARE CORPORATION

                     PURSUANT TO SECTION 151 OF THE GENERAL
                    CORPORATION LAW OF THE STATE OF DELAWARE

         The undersigned, Darwin Hu, does hereby certify that:

                  1. He is the Chief Executive Officer, of SYSVIEW TECHNOLOGY,
INC., a Delaware corporation (the "COMPANY").

                  2. The Company is authorized to issue two million (2,000,000)
shares of preferred stock.

                  3. The following resolutions were duly adopted by the Board of
Directors:

         WHEREAS, the Certificate of Incorporation of the Company provides for a
class of its authorized stock known as preferred stock, comprised of two million
(2,000,000) shares, $.001 par value, issuable from time to time in one or more
series;

         WHEREAS, the Board of Directors of the Company is authorized to fix the
dividend rights, dividend rate, voting rights, conversion rights, rights and
terms of redemption and liquidation preferences of any wholly unissued series of
preferred stock and the number of shares constituting any series and the
designation thereof, of any of them; and

         WHEREAS, it is the desire of the Board of Directors of the Company,
pursuant to its authority as aforesaid, to established a series of authorized
preferred stock having a par value of $.001 per share, which series shall be
designated as "Series B Convertible Preferred Stock" and to fix the rights,
preferences, restrictions and other matters relating to the such series of
preferred stock as follows:

         NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors does hereby
establish a series of authorized preferred stock having a par value of $.001 per
share, which series shall consist of thirty thousand (30,000) shares and be
designated as "Series B Convertible Preferred Stock," and does hereby fix and
determine the rights, preferences, restrictions and other matters relating to
such series of preferred stock as follows:

Section 1. DESIGNATION, AMOUNT AND PAR VALUE. The series of preferred stock
shall be designated as its Series B Convertible Preferred Stock (the "PREFERRED
STOCK") and the number of shares so designated shall be 30,000 (which shall not
be subject to increase without the consent of the holders of a majority of the
Preferred Stock (each, a "HOLDER" and collectively, the "HOLDERS")). Each share
of Preferred Stock shall have a par value of $.001 per share and a stated value
equal to the sum of $100 of the Company in accordance with the terms hereof (the
"STATED VALUE").

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Section 2.        INTENTIONALLY LEFT BLANK.

Section 3. VOTING RIGHTS. Except as otherwise provided herein and as otherwise
required by law, the Preferred Stock shall have no voting rights. However, so
long as any shares of Preferred Stock are outstanding, the Company shall not,
without the affirmative vote of the Holders of a majority of the shares of the
Preferred Stock then outstanding, (a) alter or change adversely the powers,
preferences or rights given to the Preferred Stock or alter or amend this
Certificate of Designation, (b) authorize or create any class of stock ranking
as to dividends or distribution of assets upon a Liquidation (as defined in
Section 4) senior to or otherwise PARI passu with the Preferred Stock, (c) amend
its certificate or articles of incorporation or other charter documents so as to
affect adversely any rights of the Holders, (d) increase the authorized number
of shares of Preferred Stock, or (e) enter into any agreement with respect to
the foregoing.

Section 4. LIQUIDATION. Upon any liquidation, dissolution or winding up of the
Company, whether voluntary or involuntary (a "LIQUIDATION"), the Holders shall
be entitled to receive out of the assets of the Company, whether such assets are
capital or surplus, for each share of Preferred Stock an amount equal to the
Stated Value per share after distribution or payment to the holders of the
Company's then outstanding shares of Series A Preferred Stock, if any, but
before any distribution or payment shall be made to the holders of any Junior
Securities, and if the assets of the Company shall be insufficient to pay in
full such amounts, then the entire assets to be distributed to the Holders shall
be distributed among the Holders ratably in accordance with the respective
amounts that would be payable on such shares if all amounts payable thereon were
paid in full. A Change of Control Transaction shall be treated as a Liquidation
within the meaning of this Section 4; PROVIDED, HOWEVER, that each Holder shall
have the right to elect the benefits of the provisions of Section 5 hereof in
lieu of receiving payment in Liquidation pursuant to this Section 4. Each Holder
shall notify the Company in advance of its election to obtain the benefits of
this Section 4 or of Section 5, which notification shall be given not later than
a date specified in writing to each Holder by the Company to be at least five
(5) days prior to the payment date. If a Holder fails to make any election, the
Holder shall be deemed to have elected the benefits of this Section 4. The
Company shall mail written notice of any such Liquidation, not less than 45 days
prior to the payment date stated therein, to each record Holder.

Section 5.        CONVERSION.

(a) (i) CONVERSIONS AT OPTION OF HOLDER. Each share of Preferred Stock shall be
convertible into shares of Common Stock (subject to the limitations set forth in
Section 5(a)(iv)) at the Conversion Ratio (as defined in Section 7), at the
option of the Holder, at any time and from time to time from and after the
Original Issue Date. Holders shall effect conversions by providing the Company
with the form of conversion notice attached hereto as EXHIBIT A (a "CONVERSION
NOTICE"). Each Conversion Notice shall specify the number of shares of Preferred
Stock to be converted, the number of shares of Preferred Stock owned prior to
the conversion at issue, number of shares of Preferred Stock owned subsequent to
the conversion at issue and the date on which such conversion is to be effected,
which date may not be prior to the date the Holder delivers such Conversion
Notice by facsimile (the "CONVERSION DATE"). If no Conversion Date is specified
in a Conversion Notice, the Conversion Date shall be the date that such
Conversion Notice is deemed delivered hereunder. To effect conversions of shares
of Preferred Stock, a Holder shall not be required to surrender the
certificate(s) representing such shares of Preferred Stock to the Company unless
all of the shares of Preferred Stock represented thereby are so converted, in
which case the Holder shall deliver the certificate representing such share of
Preferred Stock promptly following the Conversion Date at issue. The
calculations and entries set forth in the Conversion Notice shall control in the
absence of manifest or mathematical error.

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                  (ii) CONVERSIONS AT OPTION OF COMPANY. If, on any date after
the one-year anniversary of the Original Issue Date, (A) the closing Market
Price (as defined in Section 7) for a share of Common Stock for ten (10)
consecutive trading days equals at least $4.00 (subject to adjustment for the
events described in Section 5(c)(ii)) and (B) the average reported daily trading
volume during such ten-day period equals or exceeds 100,000 shares, then the
Company shall have the right, at its option, to convert, subject to the terms
and provisions of this Section 5, all, but not less than all, of the outstanding
shares of Preferred Stock at the Conversion Ratio; provided that the Underlying
Shares Registration Statement shall be effective at all times during such 10-day
period and during the 30-day notice period described in the next sentence.
Thirty (30) days prior written notice by the Company that the Company elects to
convert such shares of Preferred Stock pursuant to this Section 5(a)(ii) shall
be given to the Holders, such notice to set forth the date of conversion
pursuant to this Section 5(a)(ii) and to be addressed to each such holder at its
address as shown in the records of the Company. Upon receipt of such notice from
the Company, each holder of shares of Preferred Stock shall promptly surrender
to the Company certificates representing the shares of Preferred Stock to be
converted at any time during usual business hours at its principal place of
business maintained by it (or such other office or agency of the Company as the
Company may designate by notice in writing to the holders of shares of Preferred
Stock), specifying the name or names (with address) in which a certificate or
certificates for shares of Common Stock are to be issued and (if so required by
the Company) accompanied by a written instrument or instruments of transfer in
form reasonably satisfactory to the Company duly executed by the holder or its
duly authorized legal representative.

                  (iii) [intentionally omitted]

                  (iv) CERTAIN CONVERSION RESTRICTIONS.

                           (A) A Holder may not convert shares of Preferred
Stock hereunder to the extent such conversion would result in the Holder,
together with any affiliate thereof, beneficially owning (as determined in
accordance with Section 13(d) of the Exchange Act (as defined in Section 7) and
the rules promulgated thereunder) in excess of 4.999% of the then issued and
outstanding shares of Common Stock, including shares issuable upon conversion of
the shares of Preferred Stock held by such Holder after application of this
Section. Since the Holder will not be obligated to report to the Company the
number of shares of Common Stock it may hold at the time of a conversion
hereunder, unless the conversion at issue would result in the issuance of shares
of Common Stock in excess of 4.999% of the then outstanding shares of Common
Stock without regard to any other shares which may be beneficially owned by the
Holder or an affiliate thereof, the Holder shall have the authority and
obligation to determine whether the restriction contained in this Section will
limit any particular conversion hereunder and to the extent that the Holder
determines that the limitation contained in this Section applies, the
determination of which portion of the shares of Preferred Stock are convertible
shall be the responsibility and obligation of the Holder. The provisions of this
Section may be waived by a Holder (but only as to itself and not to any other
Holder) upon not less than 61 days prior notice to the Company. Other Holders
shall be unaffected by any such waiver.

                           (B) A Holder may not convert shares of Preferred
Stock hereunder to the extent such conversion would result in the Holder,
together with any affiliate thereof, beneficially owning (as determined in
accordance with Section 13(d) of the Exchange Act and the rules promulgated
thereunder) in excess of 9.999% of the then issued and outstanding shares of
Common Stock, including shares issuable upon conversion of the shares of
Preferred Stock held by such Holder after application of this Section. Since the
Holder will not be obligated to report to the Company the number of shares of
Common Stock it may hold at the time of a conversion hereunder, unless the
conversion at issue would result in the issuance of shares of Common Stock in
excess of 9.999% of the then outstanding shares of Common Stock without regard
to any other shares which may be beneficially owned by the Holder or an
affiliate thereof, the Holder shall have the authority and obligation to
determine whether the restriction contained in this Section will limit any
particular conversion hereunder and to the extent that the Holder determines
that the limitation contained in this Section applies, the determination of
which portion of the shares of Preferred Stock are convertible shall be the
responsibility and obligation of the Holder. The provisions of this Section may
be waived by a Holder (but only as to itself and not to any other Holder) upon
not less than 61 days prior notice to the Company. Other Holders shall be
unaffected by any such waiver.

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         (b) (i) DELIVERY OF CERTIFICATE UPON CONVERSION. Not later than five
Trading Days after each Conversion Date (the "SHARE DELIVERY DATE"), the Company
will deliver to the Holder a certificate or certificates which, after the
Effective Date shall be free of restrictive legends and trading restrictions
(other than those required by the Purchase Agreement) representing the number of
shares of Common Stock being acquired upon the conversion of shares of Preferred
Stock. After the Effective Date, the Company shall, upon the request of the
Holder, cause any certificate or certificates required to be delivered by the
Company hereunder to be transmitted by the transfer agent of the Company to the
Holder's prime broker with the Depository Trust Company through its Deposit
Withdrawal Agent Commission (DWAC) system, if the Company's transfer agent is a
participant in such system. The Company shall cause its transfer agent to be a
participant in such system (or engage a new transfer agent which is a
participant in such system) within 60 days after the Original Issue Date.

                  (ii) OBLIGATION ABSOLUTE; PARTIAL LIQUIDATED DAMAGES. The
Company's obligations to issue and deliver the certificates upon conversion of
shares of Preferred Stock in accordance with the terms hereof are absolute and
unconditional, irrespective of any action or inaction by the Holder to enforce
the same, any waiver or consent with respect to any provision hereof, the
recovery of any judgment against any Person or any action to enforce the same,
or any setoff, counterclaim, recoupment, limitation or termination, or any
breach or alleged breach by the Holder or any other Person of any obligation to
the Company or any violation or alleged violation of law by the Holder or any
other person, and irrespective of any other circumstance which might otherwise
limit such obligation of the Company to the Holder in connection with the
issuance of such certificates. In the event a Holder shall elect to convert
shares of Preferred Stock, the Company may not refuse conversion based on any
claim that such Holder or any one associated or affiliated with the Holder of
has been engaged in any violation of law, agreement or for any other reason,
unless an injunction from a court, on notice, restraining and or enjoining
conversion of all or part of such Preferred Stock shall have been sought and
obtained and the Company posts a surety bond for the benefit of the Holder in
the amount of 150% of the Stated Value of the Preferred Stock subject to the
injunction, which bond shall remain in effect until the completion of
arbitration/litigation of the dispute and the proceeds of which shall be payable
to such Holder to the extent it obtains judgment. In the absence of an
injunction precluding the same, the Company shall issue the certificates or, if
applicable, cash, upon a properly noticed conversion. If the Company fails to
deliver to the Holder such certificate or certificates pursuant to Section
5(b)(i) by the Share Delivery Date applicable to such conversion, the Company
shall pay to such Holder, in cash, as liquidated damages and not as a penalty,
for each $5,000 of Stated Value of Preferred Stock being converted, $100 per
Trading Day (increasing to $200 per Trading Day six Trading Days after such
damages begin to accrue) for each Trading Day after the Share Delivery Date
until such certificates are delivered. Nothing herein shall limit a Holder's
right to pursue actual damages for the Company's failure to deliver certificates
representing shares of Common Stock upon conversion within the period specified
herein and such Holder shall have the right to pursue all remedies available to
it hereunder, at law or in equity including, without limitation, a decree of
specific performance and/or injunctive relief.

                  (iii) COMPENSATION FOR BUY-IN ON FAILURE TO TIMELY DELIVER
CERTIFICATES UPON CONVERSION. If the Company fails to deliver to the Holder such
certificate or certificates pursuant to Section 5(b)(i) by the applicable Share
Delivery Date, and if after such Share Delivery Date and prior to any subsequent
delivery of the certificates to Holders the Holder purchases (in an open market
transaction or otherwise) Common Stock to deliver in satisfaction of a sale by
such Holder of the shares of Common Stock which the Holder was entitled to
receive upon the conversion relating to such Share Delivery Date (a "BUY-IN"),
then the Company shall pay in cash to the Holder the amount by which (x) the
Holder's total purchase price (including brokerage commissions, if any) for the
Common Stock so purchased exceeds (y) the product of (1) the aggregate number of
shares of Common Stock that such Holder was entitled to receive from the
conversion at issue multiplied by (2) the price at which the sell order giving
rise to such purchase obligation was executed. For example, if the Holder
purchases Common Stock having a total purchase price of $11,000 to cover a
Buy-In with respect to an attempted conversion of shares of Preferred Stock with
respect to which the aggregate sale price giving rise to such purchase
obligation is $10,000, under clause (A) of the immediately preceding sentence

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the Company shall be required to pay the Holder $1,000. The Holder shall provide
the Company written notice indicating the amounts payable to the Holder in
respect of the Buy-In, together with applicable confirmations and other evidence
reasonably requested by the Company. Nothing herein shall limit a Holder's right
to pursue any other remedies available to it hereunder, at law or in equity
including, without limitation, a decree of specific performance and/or
injunctive relief with respect to the Company's failure to timely deliver
certificates representing shares of Common Stock upon conversion of the shares
of Preferred Stock as required pursuant to the terms hereof.

         (c) (i) The conversion price for each share of Preferred Stock (the
"CONVERSION PRICE") shall be $1.00, subject to adjustment as provided herein.

                  (ii) If the Company, at any time while any shares of Preferred
Stock are outstanding, shall (a) pay a stock dividend or otherwise make a
distribution or distributions on shares of its Junior Securities or PARI PASSU
securities payable in shares of Common Stock, (b) subdivide outstanding shares
of Common Stock into a larger number of shares, (c) combine (including by way of
reverse stock split) outstanding shares of Common Stock into a smaller number of
shares, or (d) issue by reclassification and exchange of the Common Stock any
shares of capital stock of the Company, then the Conversion Price shall be
adjusted by multiplying the Conversion Price by a fraction of which the
numerator shall be the number of shares of Common Stock (excluding treasury
shares, if any) outstanding before such event and of which the denominator shall
be the number of shares of Common Stock outstanding after such event. Any
adjustment made pursuant to this Section 5(c)(ii) shall become effective
immediately after the record date for the determination of stockholders entitled
to receive such dividend or distribution and shall become effective immediately
after the effective date in the case of a subdivision, combination or
reclassification.

                  (iii) If the Company, at any time prior to the Effective Date
while any shares of Preferred Stock are outstanding, shall issue rights,
warrants or options to all holders of Common Stock (and not to Holders)
entitling them to subscribe for or purchase shares of Common Stock at a price
per share less than the Per Share Market Value at the record date mentioned
below, then the Conversion Price shall be adjusted by multiplying the Conversion
Price by a fraction, the numerator of which shall be the number of shares of
Common Stock outstanding immediately prior to the issuance of such rights,
warrants or options, plus the number of shares of Common Stock which the
aggregate offering price of the total number of shares so offered would purchase
at such Per Share Market Value, and the denominator of which shall be the sum of
the number of shares of Common Stock outstanding immediately prior to such
issuance plus the number of shares of Common Stock offered for subscription or
purchase. Such adjustment shall be made whenever such rights or warrants are
issued, and shall become effective immediately after the record date for the
determination of stockholders entitled to receive such rights or warrants.
However, upon the expiration of any right, warrant or option to purchase shares
of Common Stock the issuance of which resulted in an adjustment in the
Conversion Price pursuant to this Section 5(c)(iii), if any such right, warrant
or option shall expire and shall not have been exercised, the Conversion Price
shall immediately upon such expiration shall be recomputed and effective
immediately upon such expiration shall be increased to the price which it would
have been (but reflecting any other adjustments in the Conversion Price made
pursuant to the provisions of this Section 5 upon the issuance of other rights
or warrants) had the adjustment of the Conversion Price made upon the issuance
of such rights, warrants, or options been made on the basis of offering for
subscription or purchase only that number of shares of Common Stock actually
purchased upon the exercise of such rights, warrants or options actually
exercised.

                  (iv) If at any time prior to the twelve (12) month period
after the Effective Date if any shares of Preferred Stock are outstanding, the
Company or any Subsidiary (with respect to Common Stock Equivalents) shall
offer, sell, grant any option to purchase, or otherwise dispose of (or announce
any offer, sale, grant or any option to purchase or other disposition) any
shares of Common Stock or Common Stock Equivalents at a price that is, at the
issuance thereof, or at any later time due to adjustment, reset, additional
issuances or otherwise, less than the Conversion Price, then the Conversion
Price shall be adjusted with respect to all unconverted shares of Preferred
Stock to equal the conversion, exchange or purchase price for such Common Stock
or Common Stock Equivalents (including any reset provisions thereof) at issue.
Such adjustment shall be made whenever such Common Stock or Common Stock
Equivalents are issued. If the holder of the Common Stock or Common Stock

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Equivalent so issued shall at any time, whether by operation of purchase price
adjustments, reset provisions, floating conversion, exercise or exchange prices
or otherwise, or due to warrants, options or rights issued in connection with
such issuance, be entitled to receive shares of Common Stock at a price less
than the Conversion Price, such issuance shall be deemed to have occurred for
less than the Conversion Price. However, upon the expiration of any Common Stock
Equivalent to purchase shares of Common Stock the issuance of which resulted in
an adjustment in the Conversion Price pursuant to this Section 5(c)(iv), if any
such Common Stock Equivalent shall expire and shall not have been exercised, the
Conversion Price shall immediately upon such expiration be recomputed and
effective immediately upon such expiration shall be increased to the price which
it would have been (but reflecting any other adjustments in the Conversion Price
made pursuant to the provisions of this Section 5 upon the issuance of other
rights or warrants) had the adjustment of the Conversion Price made upon the
issuance of Common Stock Equivalents been made on the basis of offering for
subscription or purchase only that number of shares of Common Stock actually
purchased upon the exercise or conversion of such Common Stock Equivalents
actually exercised or converted. A "COMMON STOCK EQUIVALENT" means any equity or
equity equivalent securities (including debt or any other instrument that is at
any time over the life thereof convertible into or exchangeable for Common
Stock) issued by the Company or a subsidiary thereof that provide the holder
thereof to receive shares of Common Stock. The Company shall notify the Holder
in writing, no later than the Trading Day following the issuance of any Common
Stock or Common Stock Equivalent subject to this section, indicating therein the
applicable issuance price, or of applicable reset price, exchange price,
conversion price and other pricing terms. Notwithstanding anything in this
Section to the contrary, the provisions of this Section shall not apply as a
result of any shares of Common Stock or Common Stock Equivalents issued or to be
issued pursuant to: (A) employees, consultants, officers or directors of the
Company pursuant to any stock option, stock purchase or stock bonus plan,
agreement or arrangement approved by the Board of Directors; (B) the acquisition
of another business entity or business segment of any such entity by the Company
by merger, purchase of substantially all of the assets or other reorganization
whereby the Company will own more than fifty (50%) of the voting power of such
business segment of any such entity; (C) vendors or customers or to other
persons in similar commercial situations with the Company if such issuance is
approved by the Board of Directors; (D) corporate partnering transactions on
terms approved by the Board of Directors; (E) the terms of any of the Company's
preferred stock, warrants or other convertible securities outstanding on the
date hereof; (F) borrowings, direct or indirect, from financial institutions
regularly engaged in the business of lending money, whether or not presently
authorized which include an equity component which is not a major component of
such borrowing; (G) a merger, consolidation, reorganization, recapitalization,
sale of assets, stock purchase, contribution or other similar transaction that
involves the Company, on the one hand, and any corporation or other entity that
controls, directly or indirectly, the Company, on the other hand; or (H) other
non-cash transactions.

                  (v) If the Company, at any time while shares of Preferred
Stock are outstanding, shall distribute to all holders of Common Stock (and not
to Holders) evidences of its indebtedness or assets or rights or warrants to
subscribe for or purchase any security (excluding those referred to in Sections
5(c)(ii)-(iv) above), then in each such case the Conversion Price at which each
share of Preferred Stock shall thereafter be convertible shall be determined by
multiplying the Conversion Price in effect immediately prior to the record date
fixed for determination of stockholders entitled to receive such distribution by
a fraction of which the denominator shall be the Per Share Market Value
determined as of the record date mentioned above, and of which the numerator
shall be such Per Share Market Value on such record date less the then fair
market value at such record date of the portion of such assets or evidence of
indebtedness so distributed applicable to one outstanding share of Common Stock
as determined by the Board of Directors in good faith. However, upon the
expiration of any right, warrant or option to purchase shares of Common Stock
the issuance of which resulted in an adjustment in the Conversion Price pursuant
to this Section 5(c)(v), if any such right, warrant or option shall expire and
shall not have been exercised, the Conversion Price shall immediately upon such
expiration be recomputed and effective immediately upon such expiration shall be
increased to the price which it would have been (but reflecting any other
adjustments in the Conversion Price made pursuant to the provisions of this
Section 5 upon the issuance of other rights or warrants) had the adjustment of
the Conversion Price made upon the issuance of such rights, warrants, or options
been made on the basis of offering for subscription or purchase only that number
of shares of Common Stock actually purchased upon the exercise of such rights,
warrants or options actually exercised. In either case the adjustments shall be
described in a statement provided to the Holders of the portion of assets or
evidences of indebtedness so distributed or such subscription rights applicable
to one share of Common Stock. Such adjustment shall be made whenever any such
distribution is made and shall become effective immediately after the record
date mentioned above.

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                  (vi) All calculations under this Section 5 shall be made to
the nearest cent or the nearest 1/100th of a share, as the case may be. The
number of shares of Common Stock outstanding at any given time shall not include
shares owned or held by or for the account of the Company, and the disposition
of any such shares shall be considered an issue or sale of Common Stock.

                  (vii) Whenever the Conversion Price is adjusted pursuant to
Section 5(c)(ii),(iii), (iv) or (v) the Company shall promptly mail to each
Holder, a notice setting forth the Conversion Price after such adjustment and
setting forth a brief statement of the facts requiring such adjustment.

                  (viii) In case of any reclassification of the Common Stock, or
any compulsory share exchange pursuant to which the Common Stock is converted
into other securities, cash or property (other than compulsory share exchanges
which constitute Change of Control Transactions), the Holders of the Preferred
Stock then outstanding shall have the right thereafter to convert such shares
only into the shares of stock and other securities, cash and property receivable
upon or deemed to be held by holders of Common Stock following such
reclassification or share exchange, and the Holders of the Preferred Stock shall
be entitled upon such event to receive such amount of securities, cash or
property as a holder of the number of shares of Common Stock of the Company into
which such shares of Preferred Stock could have been converted immediately prior
to such reclassification or share exchange would have been entitled. This
provision shall similarly apply to successive reclassifications or share
exchanges.

                  (ix) In case of any merger or consolidation of the Company
with or into another Person, or sale by the Company of more than one-half of the
assets of the Company (on an as valued basis) in one or a series of related
transactions, a Holder shall have the right thereafter to (A) convert its shares
of Preferred Stock into the shares of stock and other securities, cash and
property receivable upon or deemed to be held by holders of Common Stock
following such merger, consolidation or sale, and such Holder shall be entitled
upon such event or series of related events to receive such amount of
securities, cash and property as the shares of Common Stock into which such
shares of Preferred Stock could have been converted immediately prior to such
merger, consolidation or sales would have been entitled or (B) in the case of a
merger or consolidation, (x) require the surviving entity to issue shares of
convertible preferred stock or convertible debentures with such aggregate stated
value or in such face amount, as the case may be, equal to the Stated Value of
the shares of Preferred Stock then held by such Holder, and other amounts owing
thereon, which newly issued shares of preferred stock or debentures shall have
terms identical (including with respect to conversion) to the terms of the
Preferred Stock (except, in the case of debentures, as may be required to
reflect the differences between debt and equity) and shall be entitled to all of
the rights and privileges of a Holder of Preferred Stock set forth herein and
the agreements pursuant to which the Preferred Stock was issued (including,
without limitation, as such rights relate to the acquisition, transferability,
registration and listing of such shares of stock other securities issuable upon
conversion thereof), and (y) simultaneously with the issuance of such
convertible preferred stock or convertible debentures, shall have the right to
convert such instrument only into shares of stock and other securities, cash and
property receivable upon or deemed to be held by holders of Common Stock
following such merger, consolidation or sale. In the case of clause (B), the
conversion price applicable for the newly issued shares of convertible preferred
stock or convertible debentures shall be based upon the amount of securities,
cash and property that each share of Common Stock would receive in such
transaction, the Conversion Ratio immediately prior to the effectiveness or
closing date for such transaction and the Conversion Price stated herein. The
terms of any such merger, sale or consolidation shall include such terms so as
continue to give the Holders the right to receive the securities, cash and
property set forth in this Section upon any conversion or redemption following
such event. This provision shall similarly apply to successive such events. The
rights set forth in this Section 5(c)(ix) shall not alter the rights of a Holder
set forth in Section 7, provided, that, a Holder may only exercise the rights
set forth in this Section 5(c)(ix) or the rights set forth in Section 7 with
respect to a single event giving rise to such rights.

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                  (x) If (a) the Company shall declare a dividend (or any other
distribution) on the Common Stock, (b) the Company shall declare a special
nonrecurring cash dividend on or a redemption of the Common Stock, (c) the
Company shall authorize the granting to all holders of Common Stock rights or
warrants to subscribe for or purchase any shares of capital stock of any class
or of any rights, (d) the approval of any stockholders of the Company shall be
required in connection with any reclassification of the Common Stock, any
consolidation or merger to which the Company is a party, any sale or transfer of
all or substantially all of the assets of the Company, or any compulsory share
of exchange whereby the Common Stock is converted into other securities, cash or
property, or (e) the Company shall authorize the voluntary or involuntary
dissolution, liquidation or winding up of the affairs of the Company; then the
Company shall notify the Holders at their last addresses as they shall appear
upon the stock books of the Company, at least 20 calendar days prior to the
applicable record or effective date hereinafter specified, a notice stating (x)
the date on which a record is to be taken for the purpose of such dividend,
distribution, redemption, rights or warrants, or if a record is not to be taken,
the date as of which the holders of Common Stock of record to be entitled to
such dividend, distributions, redemption, rights or warrants are to be
determined or (y) the date on which such reclassification, consolidation,
merger, sale, transfer or share exchange is expected to become effective or
close, and the date as of which it is expected that holders of Common Stock of
record shall be entitled to exchange their Common Stock for securities, cash or
other property deliverable upon such reclassification, consolidation, merger,
sale, transfer or share exchange. Holders are entitled to convert shares of
Preferred Stock during the 20-day period commencing the date of such notice to
the effective date of the event triggering such notice.

         (d) The Company covenants that it will at all times reserve and keep
available out of its authorized and unissued shares of Common Stock solely for
the purpose of issuance upon conversion of Preferred Stock, each as herein
provided, free from preemptive rights or any other actual contingent purchase
rights of persons other than the Holders, not less than such number of shares of
Common Stock as shall be issuable (taking into account the provisions of Section
5(a) and Section 5(c)) upon the conversion of all outstanding shares of
Preferred Stock. The Company covenants that all shares of Common Stock that
shall be so issuable shall, upon issue, be duly and validly authorized, issued
and fully paid and nonassessable.

         (e) Upon a conversion hereunder the Company shall not be required to
issue stock certificates representing fractions of shares of Common Stock, but
may if otherwise permitted, make a cash payment in respect of any final fraction
of a share based on the Per Share Market Value at such time. If any fraction of
an Underlying Share would, except for the provisions of this Section, be
issuable upon a conversion hereunder, the Company shall pay an amount in cash
equal to the Conversion Ratio multiplied by such fraction.

         (f) The issuance of certificates for Common Stock on conversion of
Preferred Stock shall be made without charge to the Holders thereof for any
documentary stamp or similar taxes that may be payable in respect of the issue
or delivery of such certificate, provided that the Company shall not be required
to pay any tax that may be payable in respect of any transfer involved in the
issuance and delivery of any such certificate upon conversion in a name other
than that of the Holder of such shares of Preferred Stock so converted.

         (g) Shares of Preferred Stock converted into Common Stock or redeemed
in accordance with the terms hereof shall be canceled and may not be reissued.

         (h) Any and all notices or other communications or deliveries to be
provided by the Holders of the Preferred Stock hereunder, including, without
limitation, any Conversion Notice, shall be in writing and delivered personally,
by facsimile or sent by a nationally recognized overnight courier service,
addressed to the attention of the Chief Executive Officer of the Company
addressed to 1772 Technology Drive, San Jose, California 95110, Facsimile No.:
(408) 436-6151, attention Chief Executive Officer, or to such other address or
facsimile number as shall be specified in writing by the Company for such
purpose. Any and all notices or other communications or deliveries to be
provided by the Company hereunder shall be in writing and delivered personally,
by facsimile or sent by a nationally recognized overnight courier service,
addressed to each Holder at the facsimile telephone number or address of such

                                      -8-
<PAGE>

Holder appearing on the books of the Company, or if no such facsimile telephone
number or address appears, at the principal place of business of the Holder. Any
notice or other communication or deliveries hereunder shall be deemed given and
effective on the earliest of (i) the date of transmission, if such notice or
communication is delivered via facsimile at the facsimile telephone number
specified in this Section at or prior to 5:00 p.m. (Eastern Time) (with
confirmation of transmission) on a Trading Day, (ii) the Trading Day after the
date of transmission, if such notice or communication is delivered via facsimile
at the facsimile telephone number specified in this Section later than 5:00 p.m.
(Eastern Time) on any date and earlier than 11:59 p.m. (Eastern Time) on such
date (with confirmation of transmission), (iii) the next Trading Day, if sent by
a nationally recognized overnight courier service, or (iv) upon actual receipt
by the party to whom such notice is required to be given.

         Section 6. REDEMPTION. On the date that is 36 months from the Original
Issue Date (the "REDEMPTION Date"), all of the outstanding Preferred Stock shall
be redeemed for a per share redemption price equal to the Stated Value on the
Redemption Date (the "REDEMPTION PRICE"). The Redemption Price is payable by the
Company in cash or in shares of Common Stock at the Company's discretion and
shall be paid within five Trading Days after the Redemption Date. In the event
the Company elects to pay all or some of the Redemption Price in shares of
Common Stock, the shares of Common Stock to be delivered to the Holders shall be
valued at 85% of the Fifteen-Day VWAP on the Redemption Date. For purposes of
this Section, a share of Preferred Stock is outstanding until such date as the
Holder shall have received Underlying Shares upon a conversion (or attempted
conversion) thereof that meets the requirements hereof.

         Section 7.

         DEFINITIONS. For the purposes hereof, the following terms shall have
the following meanings:

         "CHANGE OF CONTROL TRANSACTION" means the occurrence of any of (i) an
acquisition after the date hereof by an individual or legal entity or "group"
(as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of
effective control (whether through legal or beneficial ownership of capital
stock of the Company, by contract or otherwise) of in excess of 40% of the
voting securities of the Company, (ii) a replacement at one time or over time of
more than one-half of the members of the Company's board of directors which is
not approved by a majority of those individuals who are members of the board of
directors on the date hereof (or by those individuals who are serving as members
of the board of directors on any date whose nomination to the board of directors
was approved by a majority of the members of the board of directors who are
members on the date hereof), (iii) the merger of the Company with or into
another entity that is not wholly owned by the Company, consolidation or sale of
all or substantially all of the assets of the Company in one or a series of
related transactions, or (iv) the execution by the Company of an agreement to
which the Company is a party or by which it is bound, providing for any of the
events set forth above in (i), (ii) or (iii) above.

                  "COMMISSION" means the Securities and Exchange Commission.

                  "COMMON STOCK" means the Company's common stock, par value
$.001 per share, and stock of any other class into which such shares may
hereafter have been reclassified or changed.

                  "CONVERSION RATIO" means, at any time, a fraction, the
numerator of which is Stated Value and the denominator of which is the
Conversion Price at such time.

                  "EFFECTIVE DATE" means the date that the Underlying Shares
Registration Statement is declared effective by the Commission.

                  "EXCHANGE ACT" means the Securities Exchange Act of 1934, as
amended.

                                      -9-
<PAGE>

                  "FIFTEEN-DAY VWAP" means, for any date, the average daily
volume weighted Market Price for the fifteen consecutive Trading Days ending on
the Trading Day immediately prior to the date for which such price is
determined.

                  "JUNIOR SECURITIES" means the Common Stock and all other
equity or equity equivalent securities of the Company other than those
securities that are outstanding on the Original Issue Date and which are
explicitly senior in rights or liquidation preference to the Preferred Stock.

                  "MARKET PRICE" means, with respect to the Common Stock, as of
the date of determination, (a) the closing price of the Common Stock on a
national securities exchange or as quoted on the Nasdaq National Market or the
Nasdaq SmallCap Market on such day, as reported by the Wall Street Journal; or
(b) if the Common Stock is quoted on the Nasdaq National Market or the Nasdaq
SmallCap Market but no sale occurs on such day, the average of the closing bid
and asked prices of the Common Stock on the Nasdaq National Market or the Nasdaq
SmallCap Market on such day, as reported by the Wall Street Journal; or (c) if
the Common Stock is not so listed or quoted, the average of the closing bid and
asked prices of the Common Stock in the U.S. over-the-counter market; or (d) if
none of (a), (b) or (c) is applicable, a market price per share determined by
the Board of Directors (acting in good faith pursuant to the exercise of its
fiduciary duties).

                  "ORIGINAL ISSUE DATE" shall mean the date of the first
issuance of any shares of the Preferred Stock regardless of the number of
transfers of any particular shares of Preferred Stock and regardless of the
number of certificates which may be issued to evidence such Preferred Stock.

                  "PER SHARE MARKET VALUE" means on any particular date (a) the
lowest sale price for a share of the Common Stock (other than a sale by the
Holder) on such date on the Subsequent Market on which the Common Stock is then
listed or quoted, or if there is no such price on such date, then the lowest
sale price of the Common Stock (other than a sale by the Holder) on the
Subsequent Market on the date nearest preceding such date, or (b) if the Common
Stock is not then listed or quoted on a Subsequent Market, the lowest sale price
of the Common Stock (other than a sale by the Holder) in the OTC, as reported by
the National Quotation Bureau Incorporated or similar organization or agency
succeeding to its functions of reporting prices) at the close of business on
such date, or (c) if the Common Stock is not then reported by the National
Quotation Bureau Incorporated (or similar organization or agency succeeding to
its functions of reporting prices), then the lowest "Pink Sheet" quotes for the
relevant conversion period, as determined in good faith by the Holder, or (d) if
the Common Stock are not then publicly traded the fair market value of a share
of Common Stock as determined by an Appraiser selected in good faith by the
Holders of a majority of the shares of the Preferred Stock.

                  "PERSON" means a corporation, an association, a partnership,
an organization, a business, an individual, a government or political
subdivision thereof or a governmental agency.

                  "PURCHASE AGREEMENT" means the Convertible Preferred Stock and
Common Stock Warrant Purchase Agreement, dated as of the Original Issue Date, to
which the Company and the original Holders are parties, as amended, modified or
supplemented from time to time in accordance with its terms.

                  "REGISTRATION RIGHTS AGREEMENT" means the Registration Rights
Agreement, dated as of the Original Issue Date, to which the Company and the
original Holders are parties, as amended, modified or supplemented from time to
time in accordance with its terms.

                  "SECURITIES ACT" means the Securities Act of 1933, as amended.

                  "SUBSEQUENT MARKET" shall have the meaning set forth in the
Purchase Agreement.

                  "TRADING DAY" means (a) a day on which the Common Stock is
traded on a Subsequent Market on which the Common Stock is then listed or
quoted, as the case may be, or (b) if the Common Stock is not listed on a
Subsequent Market, a day on which the Common Stock is traded in the over the
counter market, as reported by the OTC, or (c) if the Common Stock is not quoted
on the OTC, a day on which the Common Stock is quoted in the over the counter
market as reported by the National Quotation Bureau Incorporated (or any similar
organization or agency succeeding its functions of reporting prices); provided,
however, that in the event that the Common Stock is not listed or quoted as set
forth in (a), (b) and (c) hereof, then Trading Day shall mean any day except
Saturday, Sunday and any day which shall be a legal holiday or a day on which
banking institutions in the State of New York are authorized or required by law
or other government action to close.

                                      -10-
<PAGE>

                  "TRANSACTION DOCUMENTS" shall have the meaning set forth in
the Purchase Agreement.

                  "UNDERLYING SHARES" means, collectively, the shares of Common
Stock into which the shares of Preferred Stock are convertible in accordance
with the terms hereof.

                  "UNDERLYING SHARES REGISTRATION STATEMENT" means a
registration statement that meets the requirements of the Registration Rights
Agreement and registers the resale of all Underlying Shares by the Holder, who
shall be named as a "selling stockholder" thereunder.

         RESOLVED FURTHER, that the Chairman, the President or any Vice
President, and the Secretary or any Assistant Secretary, of the Company be and
they hereby are authorized and directed to prepare and file a Certificate of
Designation of Preferences, Rights and Limitations in accordance with the
foregoing resolution and the provisions of Delaware law.

         IN WITNESS WHEREOF, the undersigned has executed this Certificate this
8th day of August, 2006.

                                                     --------------------------
                                                     Darwin Hu
                                                     Chief Executive Officer

                                      -11-
<PAGE>

                                    EXHIBIT A

                              NOTICE OF CONVERSION

(To be Executed by the Registered Holder
in order to convert shares of Preferred Stock)

The undersigned hereby elects to convert the number of shares of Series B
Convertible Preferred Stock indicated below, into shares of common stock, par
value $.001 per share (the "Common Stock"), of Sysview Technology, Inc., a
Delaware corporation (the "Company"), according to the conditions hereof, as of
the date written below. If shares are to be issued in the name of a person other
than undersigned, the undersigned will pay all transfer taxes payable with
respect thereto and is delivering herewith such certificates and opinions as
reasonably requested by the Company in accordance therewith. No fee will be
charged to the Holder for any conversion, except for such transfer taxes, if
any. By tendering this Notice of Conversion, the undersigned hereby covenants to
comply with the prospectus delivery requirements under the Securities Act of
1933, as amended, applicable to it with respect to resales of the shares of
Common Stock issuable upon the conversion requested hereby pursuant to a
registration statement and, in connection therewith, covenants that, unless
otherwise specified below, such shares have been or are intended to be sold in
ordinary brokerage transactions.

Conversion calculations:
                ----------------------------------------------------------------
                Date to Effect Conversion

                Number of shares of Preferred Stock owned prior to Conversion

                Number of shares of Preferred Stock to be Converted

                Stated Value of shares of Preferred Stock to be Converted

                Number of shares of Common Stock to be Issued

                Applicable Conversion Price

                Number of shares of Preferred Stock subsequent to Conversion

                Signature

                Name

                Address

Accepted and Agreed:
Sysview Technology, Inc.

By:_____________________________________
     Name:
     Title:

                                      -12-EXHIBIT 10.10

                         ADJUSTABLE RATE PROMISSORY NOTE
                                    {INDIANA}

$440,000,00                                            DATE: July 18, 2006
                                                       MATURES:   August 1, 2021

FOR VALUE RECEIVED, Grem USA Corporation, as maker, whose address is 315 E
Wallace St. Ft Wayne, IN 468013 (the "Borrower"), hereby unconditionally,
jointly and severally (if more than one), promises to pay to the order of
InterBay Funding, LLC, a Delaware Limited Liability Company as payee, having an
address at 1301 Virginia Dr, Ste 403, Ft. Washington, PA 19034 (the "Lender"),
or at such other place as the holder hereof .may from time to time designate in
writing, the principal sum of Four Hundred Forty Thousand and No/100 Dollars
($440,000.00), in lawful money of the United States of America with interest
thereon to be computed from the date of this Promissory Note ("Note") at the
Applicable Interest Rate (defined below) in accordance with the terms of this
Note.

1.   ADJUSTABLE INTEREST. Interest on the unpaid principal balance due hereunder
     shall accrue at an initial interest rate equal to Nine And Three Quarters
     Percent (9,75%) per annum (the "Applicable Interest Rate"). Thereafter the
     Applicable Interest Rate will be adjusted as follows: on a date which is
     six (6) months from the first day of the first calendar month preceding the
     initial Payment Date (defined below), and thereafter on a date six (6)
     months from the previous change date (each, a "Change Date"), the
     Applicable Interest Rate will adjust to reflect the then current "Prime
     Raw" plus Four And One Half Percent (4.5%). The Applicable Interest Rate
     will not be increased or decreased on any single Change Date by more than
     one percent (1%). During the term of this Note, the Applicable Interest
     Rate shall not be lower than the Applicable Interest Rate on the date
     hereof and shall, provided no Event of Default (defined below) has occurred
     (in such an event the "Default Rate", as hereinafter defined, will apply),
     not exceed the Applicable Interest Rate on the date hereof plus seven
     percent (7%). For purposes hereof, the "Prime Rate" shall mean, at any
     time, the rate of interest quoted in the Wall Street Journal, Money Rates
     Section as the "Prime Rate" (currently defined as the base rate on
     corporate loans posted by at least 75% of the nation's thirty largest
     banks). In the event that the Wall Street Journal quotes more than one
     rate, or a range of rates as the Prime Rate, then the Prime Rate shall mean
     the average of the quoted rates. In the event that the Wall Street Journal
     ceases to publish the Prime Rate, then die Prime Rate shall be the average
     Prime Rate of the three largest U.S. money center commercial banks, as
     determined by Lender. Interest shall be computed on the actual number of
     days elapsed and an assumed year of 360 days.

2.   PAYMENT TERMS. Borrower agrees to pay sums due under this Note in payments
     of principal and interest. The initial monthly payment shall be in the
     amount of Four Thousand Six Hundred Ninety-Nine Dollars And Fifty-Seven
     Cents ($4,699.57). However, monthly payment amounts may change if there is
     a change in the Applicable Interest Rate, At the time of a change of the
     Applicable Interest Rate the new monthly payment shall be calculated based
     upon the principal balance of this Note on the applicable Change Date
     through the remaining term of the original fifteen (15) year amortization
     schedule, and the Applicable Interest Rate then in effect. The first
     installment of principal and interest shall be due on September 1, 2006,
     and additional payments shall be due on the 1st day of each calendar month
     thereafter (each, a "Payment Date"). The entire principal balance and all
     accrued and unpaid interest thereon shall be due and payable on August 1,
     2021 (the "Maturity Date"). Each installment payment shall be applied as
     follows: (i) first, to the payment of late charges and interest computed at
     the Default Rate (defined below), if applicable, (ii) second, to the
     payment of interest at the Applicable Interest Rate; and (m) third, the
     balance toward the reduction of the principal balance,

3.   SECURITY. This Note is secured by the certain Mortgage and Security
     Agreement, Deed of Trust and Security Agreement, or Deed TO Secure Debt and
     Security Agreement, Assignment of Leases and Rents, and Security Agreement
     and Fixture Filing (the "Security Instrument") of even date herewith given
     by Borrower to Lender encumbering certain premises Located in Allen County,
     Parish or Judicial District of the Commonwealth or State of INDIANA, (the
     "Real Property") and the Other Security Documents (as defined in the
     Security Instrument) encumbering other property ("Other Property"), as more
     particularly described therein (the Real Property and the Other Property
     are hereinafter collectively referred to as the "Property").

                                      -23-
<PAGE>

4.   DEFAULT AND ACCELERATION. If any payment required in this Note is not paid
     (a) prior to the fifth (5th) day after a Payment Date, (b) on the Maturity
     Date or (c) on the happening of any other default, after the expiration of
     any applicable notice and grace periods, herein or under the terms of the
     Security instrument or any of the Other Security Documents (collectively,
     an "Event of Default"), and Lender declares an Event of Default, then, at
     the option of Lender (i) the whole of the principal sum of this Note; (ii)
     interest, default interest, late charges and other sums, as provided in
     this Note, the Security Instrument or the Other Security Documents; (iii)
     all other monies agreed or provided to be paid by Borrower in this Note,
     the, Security Instrument or the Other Security Documents; (iv) all sums
     advanced pursuant to the Security Instrument to protect and preserve the
     Property and any lien and security interest created thereby; (v) all sums
     advanced and costs and expenses incurred by Lender in connection with the
     Debt (defined below) or any part thereof, any renewal, extension, or change
     of or substitution for the Debt or any pan thereof, or the acquisition or
     perfection of the security thereof, whether made or incurred at the request
     of Borrower or Lender, (vi) the Prepayment Consideration (defined below),
     if any; and (vii) any and all additional advances made by Lender to
     complete Improvements (as defined in the Security Instrument) or to
     preserve or protect the Property, of for taxes, assessments or insurance
     premiums, or for the performance of any of Borrower's obligations hereunder
     or under the Security Instrument and the Other Security Documents (all the
     sums referred to in (i) through (vii) above shall collectively be referred
     to as the "Debt") shall without notice become immediately due and payable.

5.   DEFAULT INTEREST. Borrower agrees that upon the occurrence (and Leader's
     declaration) of the Event of Default. Lender shall be entitled to receive
     and Borrower shall pay interest on the entire unpaid principal sum at & per
     annum rate equal to the lesser of (i) ten percent (10%) plus the Applicable
     Interest Rate, or (ii) the maximum interest rate which Borrower may by law
     pay (the "Default Rate"), and shall be due and payable ON DEMAND. The
     Default Rate shall be computed from the occurrence of the Event of Default.
     Interest calculated at the Default Rate shall be deemed secured by the
     Security Instrument and the Other Security Documents. Any judgment obtained
     by Lender against Borrower as to any amounts due under this Note shall also
     boar interest at the Default Rate, This clause, however, shall not be
     construed as an agreement or privilege to extend the date of the payment of
     the Debt, nor as a waiver of any other right or remedy accruing to Lender
     by reason of the occurrence of any Event of Default.

6.   LATE CHARGE. If any monthly installment payable under this Note is not
     paid prior to the fifth (5th) day after the applicable Payment Date,
     Borrower shall pay to Lender upon demand an amount equal to the lesser of
     (a) five percent (5%) of such unpaid sum or (b) the maximum amount
     permitted by applicable law to defray the expenses incurred by Lender in
     handling and processing the delinquent payment and to compensate Lender for
     the loss of the use of the delinquent payment; and this amount shall be
     secured by the Security Instrument and the Other Security Documents, This
     clause, however, shall not be construed as an agreement or privilege to
     extend the date of the payment of the Debt, nor as a waiver of any other
     right or remedy accruing to Lender by reason of the occurrence of any Event
     of Default.

7.   PREPAYMENT.
     a.   LOCKOUT PERIOD: Borrower shall not be permitted to make any full or
          partial prepayment of the principal balance of this Note (a
          "Prepayment") prior to that date that twenty-four (24) months after
          the date of this Note (the "Lockout Period"). If, for any reason, a
          Prepayment is mad* daring the Lockout Period (a "Lockout Prepayment"),
          Borrower shall simultaneously therewith, be obligated to pay: (i) the
          aggregate amount of interest which would have accrued on the unpaid
          principal balance of this Note from the date of such Lockout
          Prepayment through the expiration date of the Lockout Period (the
          "Lockout Fee"), plus (ii) all amounts specified in Section (b) below).

                                      -24-
<PAGE>

     b.   PREPAYMENT PERIOD. At any rime during the Prepayment Period (as
          defined below), the principal balance of this Note may be prepaid in
          whole, but not in part, pursuant to the terms contained in this
          Section 7, If Borrower makes any Prepayment within the first Five
          years after the date of this Note (the "Prepayment Period"), the
          Borrower shall be obligated to pay to Lender the following amounts:

          (i) an amount equal to Five percent (5%) of the then outstanding
          unpaid principal balance of this Note (the "Prepayment
          Consideration"); and

          (ii) all accrued interest on the outstanding principal balance to and
          including date on which the Prepayment is made; and

          (iii) all other sums due under this Note, the Security Instrument and
          all Other Security Documents.

     c.   PREPAYMENTS WITHOUT CONSIDERATION: No Prepayment Consideration or
          Lockout Fee (if any) shall be due or payable with respect to any full
          or partial Prepayment made by Borrower after the expiration of the
          Prepayment Period.

     d.   NOTICE OF PREPAYMENT: Prior to making any Prepayment. Borrower must
          provide Lender with not less than sixty (60) days advance written
          notice of Borrower's intent to make such Prepayment. Such notice must
          specify: (i) the date on which Prepayment is to be made, and (ii) the
          principal amount of inch Prepayment. Lender shall not be obligated to
          accept any Prepayment unless it is accompanied by all other amounts
          due in connection therewith.

     e.   PERMITTED PREPAYMENT DATE: Borrower may only make a Prepayment on a
          regularly scheduled Payment Date (as defined in Section 2 of this
          Note). Lender shall not be required to accept any Prepayment made on a
          dace other than a regularly scheduled Payment Date, If Borrower
          submits a. Prepayment on any date other than a regularly scheduled
          Payment Date, the Borrower shall be required to pay all interest that
          would have accrued through the next scheduled Payment Date.

     f.   INSURANCE/CONDEMNATION PREPAYMENTS: Notwithstanding anything to the
          contrary contained herein, and provided no Event of Default exists, no
          Prepayment Consideration shall be due in connection with any
          Prepayment resulting from the application of insurance proceeds or
          condemnation awards pursuant to the terms of the Security Instrument
          or changes in tax and debt credit pursuant to the terms of the
          Security Instrument.

          For purposes of this Section 7, the terms "Lockout Prepayment" and
          "Prepayment" shall include, without limitation, any prepayment of
          principal that occurs as a result of any Event of Default in any of
          the Loan Documents or an acceleration of the Maturity Date under any
          circumstances, any prepayment of principal occurring in connection
          with foreclosure proceedings or exercise of any applicable power of
          sale, any statutory right of redemption exercised by Borrower or any
          other party having a statutory right to redeem or prevent foreclosure,
          any sale in foreclosure or under exercise of any applicable power of
          sale, deed in lieu of foreclosure or otherwise, and any other
          voluntary or involuntary prepayment of principal made by Borrower.

8.   LOAN CHARGES. Borrower agrees to an effective rate of interest that is the
     rate stated in this Note, plus any additional rate of interest resulting
     from any other sums, amounts, and charges in the nature of interest paid or
     to be paid by or on behalf of Borrower, or any benefit or value received or
     to be received by the holder of this Note, in connection with this Note-.
     Without limiting the foregoing, this Note, the Security Instrument and the
     Other Security Documents arc subject to the express condition that at no
     lime shall Borrower be obligated or required to pay interest on the
     principal balance due hereunder w a rate which could subject Lender to
     either civil or criminal liability as a result of being in excess of the
     maximum interest rate which Borrower is permitted by applicable law to
     contract or agree to pay. If by the terms of this Note, the Security
     Instrument and the Other Security Documents, Borrower at any time required
     or obligated to pay interest on the principal balance due hereunder at a
     rate i>> excess of such maximum rate, the Applicable Interest Rate or the

                                      -25-
<PAGE>

     Default Rate, as the case may be, shall be deemed to be immediately reduced
     to such maximum rate and all previous payments in excess of the maximum
     rate shall be deemed to have been payments in reduction of principal and
     not on account of the interest due hereunder. and any excess remaining
     shall be refunded to Borrower. All sums paid or agreed to be paid to Leader
     for the use, forbearance, or detention of the Debt, shall, to the maximum
     extent permitted by applicable law. be amortized, prorated, allocated, and
     spread throughout the full stated period until payment in full of the
     principal (including the period of any renewal or extension hereof) so that
     the rate or amount of interest on account of tbe Debt does not exceed the
     maximum lawful rate of interest from time to time in effect and applicable
     to the Debt for so long as, the Debt is outstanding. In determining whether
     or not the interest paid or payable hereunder exceeds the maximum lawful
     rate, the Lender may utilize any law, rule or regulation ID effect from
     time to time until available to the Lender.

9.   WAIVERS. Borrower and all others who may become liable for the payment of
     all or any part of the Debt do hereby severally waive, to the extent
     allowed by law, (a) presentment and demand for payment, notice of dishonor,
     protest and notice of protest and non-payment and all other notices of any
     kind, except for notices expressly provided for in the<< Note, the Security
     Instrument or the Other Security Documents and (b) any defense of the
     statute of limitations u>> any action hereunder or for the collection of
     the Debt. No release of any Security for the Debt or extension of time for
     payment of this Note or any installment hereof, and no alteration,
     amendment 01 waiver of any provision of this Note, the Security Instrument
     or the Other Security Documents made by agreement between Lender of any
     other person or party shall release, modify, amend, waive, extend, change
     discharge, terminate or affect the liability of Borrower, and any other
     person or entity who may become liable for the payment of all or any part
     of the Debt, under this Now, the Security Instrument or the Other Security
     Documents. No notice to or demand on Borrower shall be deemed to be a
     waiver of the obligation of Borrower, or of the right of Lender to take
     further action without further notice or demand as provided for in this
     Note, the Security Instrument or the Other Security Documents. If Borrower
     is a partnership, corporation or limited liability company, the agreements
     contained herein shall remain in full force and effect, notwithstanding any
     changes in the individuals or entities comprising the Borrower, and the
     term "Borrower," as used herein, shall include any alternate or successor
     entity, but any predecessor entity, and its partners or members, as the
     case may be, shall not thereby be released from any liability. (Nothing in
     the foregoing sentence shall be construed as a, consent to, or a waiver of.
     any prohibition or restriction on transfers of interests in Borrower which
     may be set forth in the Security Instrument or any Other Security
     Document).

10.  AUTHORITY. Borrower (and the undersigned representative of Borrower, if
     any) represents that Borrower has full power, authority and legal right to
     execute and deliver this Note, the Security Instrument and the Other
     Security Documents and that this Note, The Security Instrument and the
     Other Security Documents constitute legal, valid and binding obligations of
     Borrower, enforceable in accordance with Their respective terms.

11.  GOVERNING LAW. This Note shall be governed, construed, applied and enforced
     in accordance with the laws of the State in which the Real Property is
     located, without regard to principles of conflicts of law.

12.  NOTICES. All notices required or permitted hereunder shall be given as
     provided in the Security Instrument

13.  INCORPORATION BY REFERENCE. All of the terms, covenants and conditions
     contained in the Security Instrument and the Other Security Documents are
     hereby made part of this Note IO the same extent and with the same force as
     if they were fully set forth herein. In the event of any conflict in terms,
     the terms of the Note, Security Instrument and Other Security Documents (in
     that order) shall control.

                                      -26-
<PAGE>

14.  MISCELLANEOUS.
     a.   To the extent permitted by law, wherever pursuant to this Note it is
          provided that Borrower pay any costs and expenses, such costs and
          expenses shall include, but not be limited to, reasonable legal fees
          and disbursements of Lender, whether with respect to retained firms,
          the reimbursement for the expenses of in-house staff, or otherwise. To
          the extent permitted by law, Borrower shall pay to Lender on demand
          any and all expenses, including legal expenses and reasonable
          attorneys fees (at alt levels including appeals), incurred or paid by
          Lender in enforcing this Note, whether or not any legal proceeding is
          commenced hereunder, together with interest thereon at the Default
          Rate from the date paid OT incurred by Lender until such expenses are
          paid by Borrower.

     b.   This Note may not be modified, amended, waived, extended, changed,
          discharged or terminated orally or by any act or failure, to act on
          the part of Borrower or Lender, but only by an agreement in writing
          signed by the party against whom enforcement of any modification,
          amendment waiver, extension, change, discharge or termination is
          sought.

     c.   If Borrower consists of mate than one person or party, the obligations
          and liabilities of each person or party shall be joint and several.

     d.   Whenever used, the singular number shall include the plural, the
          plural number shall include the singular, and the words "Lender" and
          "Borrower" shall include their respective successors, assigns, heirs,
          personal representatives, executors and administrators,

     e.   The headings of this Note sure for convenience only and are not to
          affect the construction of or to be taken into account in interpreting
          the substance of this Note.

     f.   Time is of the essence hereunder,

     g.   A determination that any provision of this Note is unenforceable or
          invalid shall not affect the enforceability or validity of any other
          provision and a determination that the application of any provision of
          this Note to any person or circumstance is illegal or unenforceable
          shall not affect the enforceability or validity of such provision as
          it may apply to other persons or circumstances. The remaining
          provisions of this Note shall remain operative and in full force and
          effect and shall in no way be affected, prejudiced or disturbed
          thereby.

15.  DOCUMENTARY STAMPS. Al! documentary stamps or taxes required to be affixed
     hereto have been paid in connection with this Note at the time of
     recordation of the Security Instrument

16.  FINAL AGREEMENT. This Note, the Security Instrument and the Other Security
     Documents, represent the final agreement between the parties and may not
     be- contradicted by evidence of prior, contemporaneous or subsequent oral
     agreements. There are no unwritten oral agreements between the parries. All
     prior or contemporaneous agreements, understandings, representations and
     statements, oral or written, we merged into this Note, the Security
     Instrument and the Other Security Documents.

17.  WAIVER OF TRIAL BY JURY. BORROWER AND LENDER, BY ITS ACCEPTANCE HEREOF,
     EACH HEREBY WAIVES. TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO
     TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM. WHETHER IN
     CONTRACT, TORT OR OTHERWISE, RELATING DIRECTLY OR INDIRECTLY TO THE LOAN
     EVIDENCED BY THIS NOTE. THE APPLICATION FOR THE LOAN EVIDENCED BY THIS
     NOTE, THIS NOTE. THE SECURITY INSTRUMENT OR THE OTHER SECURITY DOCUMENTS OR
     ANY ACTS OR OMISSIONS OF ANY PARTY OR ANY OF THEIR RESPECTIVE OFFICERS.
     EMPLOYEES, DIRECTORS OR AGENTS IN CONNECTION THEREWITH. THIS WAIVER OP THE
     RIGHT TO TRIAL BY JURY IS A MATERIAL INDUCEMENT TO THE LENDER FOR THE
     LENDER TO MAKE THE LOAN.

     READ ALL CREDIT AGREEMENTS BEFORE SIGNING. THE TERMS OF ALL CREDIT
     AGREEMENTS SHOULD BE READ CAREFULLY BECAUSE ONLY THOSE TERMS IN WRITING ARE
     ENFORCEABLE. NO OTHER TERMS OR ORAL PROMISES NOT CONTAINED OR SPECIFICALLY
     INCORPORATED BY WRITING IN THIS WRITTEN CREDIT AGREEMENT MAY BE LEGALLY
     ENFORCED. YOU MAY CHANGE THE TERMS OF THIS NOTE ONLY BY OTHER WRITTEN
     CREDIT AGREEMENTS

                                      -27-
<PAGE>

 IN WITNESS WHEREOF< borrower has duly executed this Note as of the day and date
first above written.

Signed, sealed and delivered                    Borrower:
in the presence of:                             Grem USA Corporation

                                                BY: /s/ EDWARD MIERS
                                                    -----------------

                                               Name:   Edward Miers
 Print Name.                                   Title:  President

Print Name.
[CORPORATE SEAL]

                                      -28-

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