Document:

exhibit_10-1.htm

    
      

    

    EXHIBIT 10.1

    
 

    EMPLOYMENT
AGREEMENT

    
      
        

      

    

    

       THIS
AGREEMENT entered into and effective October 01, 2007, in Broward County,
Florida, by and between Secured Financial Network, Inc., (SFNL) a Nevada
corporation with corporate offices at 100 NE Third Avenue, Suite 1500, Ft.
Lauderdale, FL 33301. (hereinafter referred to as "Employer") and Jeffrey L.
Schultz, an individual, residing at 333 Las Olas Way, #3006, Ft. Lauderdale, Fl
33301, (hereinafter referred to as "Employee"); (hereinafter sometimes
collectively referred to as “Parties” or singularly as “party”).

    

       WHEREAS,
SFNL is a financial services company specializing in short term high-margin
business capital markets, sometimes referred to as “Opportunity Financing.” The
company primarily engages in the types of transactions that include, but are not
limited to Container
Financing and Bridge
Financing. The Company’s investment criteria for such transactions is
characterized by rapid turnaround, and limited risks with
high-profit-participation objectives.

    

       WHEREAS,
incident to the performance of Employee's duties for Employer, Employee will
occupy a position of trust and confidence and will be given access to
proprietary and confidential and privileged information regarding the business,
operations, assets and trade secrets of Employer, including but not limited to,
access to vendor identity, pricing, sales techniques, customer identification,
contact with customers and potential customers and the like;

    

       WHEREAS,
Employee understands and acknowledges that Employer has expended and will
continue to expend substantial amounts of time and money to develop Employer’s
unique manner of offering these products and services, as well as advertising,
distribution and other relationships in furtherance of its unique marketing
approach, which techniques and information Employee agrees constitute trade
secrets, the sole property of Employer;

    

       WHEREAS,
Employee seeks the opportunity to be employed by Employer, and Employer is
willing to employ Employee, on the terms, covenants, and conditions set forth in
this agreement;

    

       WHEREAS,
Employee acknowledges that the business which employer is engaged is and/or may
be subject to extensive governmental or other rules or regulations;
and

    

       NOW
THEREFORE, in consideration of the mutual covenants and promises of the parties,
and for other good and valuable consideration, the sufficiency of which is
hereby acknowledged, Employer and Employee covenant and agree as
follows:

    

    

    

    

    

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    NATURE OF
EMPLOYMENT

    
      

    

    1.              Employer
does hire and employ Employee as the President and Chief Executive Officer of
Employer and Employee does accept and agree to such hiring and employment.
Subject to the supervision and pursuant to the orders, advice, and directions of
Employer, Employee shall act subject to the direction and control of the board
of directors, have general supervision, direction and control of the financial
affairs of the Employer, and shall perform such other duties as are customarily
performed by one holding such position in other similar businesses or
enterprises as that engaged in by Employer, and shall also additionally render
such other and unrelated services and duties as may be assigned to Employee from
time to time by Employer.

    

    2.              Employee
agrees to follow the terms, rules and regulations established for publicly
traded companies or other federal, state and governmental authorities
establishing the same or similar guidelines unless otherwise
notified.

    

    MANNER OF
PERFORMANCE OF EMPLOYEE'S DUTIES

    
      

    

    3.              Employee
agrees to perform, at all times faithfully, industriously, and to the best of
his ability, experience, and talent, all of the duties that may be required of
and from him pursuant to the express and implicit terms of this Agreement, to
the satisfaction of Employer.

    

    DURATION
OF EMPLOYMENT

    
      

    

    4.              The
term of this Agreement shall be for a period of one year, commencing on October
1, 2007, subject, however, to prior termination as provided below:

    

    PAYMENT
AND REIMBURSEMENT

    
      

    

    5.              Employer
shall pay Employee and Employee agrees to accept from Employer, in full payment
for Employee's services under this Agreement, compensation as
follows:

     

    
      	
            	
              A. 

            	
              Base
      annual gross salary of $120,000 per year payable intwelve
      installments on the last day of every month during the
      term hereof, less applicable federal and state
  deductions.

            

    

     

    
      	
            	
              B. 

            	
              As
      additional consideration to enter into this agreement, the Employer agrees
      to issue a stock bonus upon the execution of this agreement in the amount
      of 500,000 Rule 144 restricted shares of the
  Company.

            

    

    

    
      	
            	
              C. 

            	
              A
      $300 per month car allowance shall be paid to the
  Employee.

            

    

    

    

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    6.              Employer
shall provide medical, dental and ophthalmic benefits to Employee and family
pursuant to the same plans or programs presently and/or offered to its employees
subject to the general eligibility and participation provisions set forth in
such plans or programs, as offered by the employer from time to
time.

    

    7.              Employee
shall be distributed stock and given the option to purchase stock as herein
provided.

     

     No
Stock Option provision is included in this agreement.

    

    8.            
Employee shall be entitled to four (4) weeks paid vacation during each
twelve-month period of the term hereof, to be taken at such times as Employer
and Employee shall mutually determine and provided that no vacation time shall
materially interfere with the duties which Employee is required to render
hereunder. Vacation time “may” be carried over from one twelve month period to a
succeeding twelve-month period.

    

    10.            Employee
shall be entitled to 6 months severance pay, medical insurance benefits and car
allowance if Employee's employment is terminated during the term hereof except
if Employee is terminated for cause.

    

    11.            Notwithstanding
anything to be contrary in this Agreement, Employee shall be on probation until
November 1, 2007. Employer may terminate Employee's employment at any time
during the probationary period, in which event this Agreement shall be deemed
terminated and Employer shall have no further liability hereunder.

    

    TERMINATION

    
      

    

    12.          
Notwithstanding anything in this Agreement to the contrary, Employer has the
option to terminate this Agreement in the event that during its term Employee
shall become permanently disabled as the term permanently disabled is defined
below in which event Employer shall have no further liability hereunder except
as follows

    

    13.          
Such option shall be exercised by Employer giving notice to Employee by
registered mail, addressed to him in care of Employer at 100 NE Third Avenue,
Suite 1500, Ft. Lauderdale, FL 33301, or at such other address as Employee shall
designate in writing, of its intention to terminate this Agreement on the last
day of the month during which such notice is mailed, and on the giving of such
notice this Agreement and the term of this Agreement come to an end on the last
day of the month in which the notice is mailed, with the same force and effect
as if that day were originally set forth as the termination date.

    

    14.          
 For the purposes of this Agreement, the term "any year of the term of this
Agreement" is defined to mean any period of 12 calendar months commencing on the
1st day of October, 2007 and terminating on the 3oth day of September, of the
following year during the term of this Agreement.

    

    

    
      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

    15.           
For the purposes of this Agreement, Employee shall be deemed to have become
permanently disabled if, during any year of the term of this Agreement, because
of ill health, physical or mental disability, or for other causes beyond his
control, he shall have been continuously unable or unwilling or have failed to
perform his duties under this contract for 30 consecutive days, or if, during
any year of the term of this Agreement, he shall have been unable or unwilling
or have failed to perform his duties for a total period of 15 days, either
consecutive or not.

    

    16.            Death:
In the event of Employee's death during the term hereof, this Agreement and all
of Employee's rights hereunder shall be deemed terminated except that Employer
shall pay to Employee's estate any unpaid base salary and car allowance through
the date of Employee's death along with two months severance pay, an amount
equal to compensation for unused vacation days that have accumulated during the
twelve month period in which the termination occurs, and the right to exercise
stock options on behalf of the deceased as pertains to Section 7
herein.

    

    17.            Notwithstanding
anything in this Agreement to the contrary, in the event that Employer shall
discontinue operating its business then this Agreement will terminate as of the
last day of the month in which Employer ceases operations at Sealant Solutions,
Inc. with the same force and effect as if that day were originally set forth as
the termination date of this Agreement and neither party shall have any further
liability hereunder

    

    18.          
Employer shall at all times have the right, upon written notice to Employee to
terminate Employee's employment hereunder, for cause. For purposes of this
Agreement, the term "cause" shall mean:

     

    
      	
            	
              A. 

            	
              an
      action or omission of the Employee which constitutes a willful
      and material breach of this Agreement, which is not cured
      within ten (10) days after receipt by the Employee of written
      notice of same or, if such breach is not capable of cure
      within such ten (10) day period, if the Employee has not commenced
      diligently to cure such breach in the shortest time possible;

            

    

     

    
      	
            	
              B. 

            	
              fraud,
      embezzlement, misappropriation of funds or breach of trust
      in connection with his services
hereunder;

            

    

    

    
      	
            	
              C. 

            	
              conviction
      of any crime, which involves dishonesty or a breachof
      trust;

            

    

     

    
      	
            	
              D. 

            	
              negligence
      in connection with the performance of theEmployee's
      duties hereunder; or

            

    

     

    
      	
            	
              E.

            	
              the
      material and willful or knowing failure or refusal (other  than
      as a result of a disability) by Employee to perform his duties hereunder.
      Upon and termination pursuant to this Section, Employer
      shall have no further liability
hereunder.

            

    

    

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    19.            In
the event Employee resigns from his employment during the term hereof, Employee
may exercise his stock options proportionately to his term of employment, if
such options exist.  Otherwise, Employer shall have no further
liability hereunder.

    

    DEVOTION
BY EMPLOYEE OF FULL TIME TO BUSINESS

      
 

    20.            Employee
shall devote all his time, attention, knowledge, and skill solely and
exclusively to the business and interest of Employer, and Employer shall be
entitled to all of the benefits, emoluments, profits, or other issues arising
from or incident to any and all work, services, and advice of Employee, and
Employee expressly agrees that during the term of this Agreement he will not be
interested, directly or indirectly, in any form, fashion, or manner, as partner,
officer, director, stockholder, advisor, employee, or in any other form or
capacity, in any other business similar to Employer’s business or any allied
trade.

    

    RESTRICTIVE
COVENANTS

      
 

    21.          
At all times while Employee is employed by Employer, and for a two year period
after the termination of Employee's employment with Employer for any reason, the
Employee shall not, directly or indirectly, engage in or have any interest in
any sole proprietorship, partnership, corporation or business or any other
person or entity (whether as an employee, officer, director, partner, agent,
security holder, creditor, consultant or otherwise) that directly or indirectly
(or through any affiliated entity) engages in competition with Employer (or any
entity which controls, is under common control with or is controlled by
Employer).

    

    22.          
Employee shall not at any time divulge, communicate, use to the detriment of
Employer or for the benefit of any other person or persons, or misuse in any
way, any confidential information (as hereinafter defined) pertaining to the
business of Employer.

    

    23.          
Any confidential information or data now or hereafter acquired by Employee with
respect to the business of Employer (which shall include, but not be limited to,
information concerning Employer financial condition, prospects, technology,
customers, suppliers, sources of leads and methods of doing business) shall be
deemed a valuable, special and unique asset of Employee that is received by
employee in confidence and as a fiduciary, and Employee shall remain a fiduciary
to Employer with respect to all of such information.

    

    24.          
For purposes of this Agreement, "confidential information" means information
disclosed to Employee or known by Employee as a consequence of or through his
employment by Employer (including information conceived, originated, discovered
or developed by Employer) prior to or after the date hereof, and not generally
known, about Employer or its business. Notwithstanding the foregoing, nothing
herein shall be deemed to restrict Employee from disclosing confidential
information to the extent required by law.

    

     

    
 

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    25.          
All copyrights, patents, trade secrets, or other intellectual property rights
associated with any ideas, concepts, techniques, inventions, processes, or works
of authorship developed or created by Employee during the course of performing
work for Employer or its clients (collectively, the "work product") shall belong
exclusively to Employer and shall, to the extent possible, be considered a work
made by Employee for hire for Employer with the meaning of Title 17 of the
United States Code. To the extent the work product may not be considered work
made by Employee for hire for Employer, Employee agrees to assign, and
automatically assign at the time of creation of the work product, without any
requirement of further consideration, any right, title, or interest that
Employee may have in such work product. Upon the request of Employer, Employee
shall take such further actions, including execution and delivery of instruments
of conveyance, as may be appropriate to give full and proper effect to such
assignment.

    

    26.          
All books, records, and accounts relating in any manner to the customers or
clients of Employer, whether prepared by Employee or otherwise coming into
Employee's possession, shall be the exclusive property of Employer and shall be
returned immediately to Employer on termination of Employee's employment
hereunder or on Employer’s request at any time.

    

    27.          
Solely for purposes of this Section, the term "Employer" also shall include any
existing or future subsidiaries of Employer that are operating during the time
periods described herein and any other entities that directly or indirectly,
through one or more intermediaries, control, are controlled by or are under
common control with Employer during the periods described herein.

    

    28.          
Employee acknowledges and confirms that (a) the restrictive covenants contained
in this Section are reasonably necessary to protect the legitimate business
interests of Employer, and (b) the restrictions contained in this Section
(including without limitation the length of the term of the provisions of this
Section) are not overbroad, overlong, or unfair and are not the result of
overreaching, duress or coercion of any kind. Employee acknowledges and confirms
that his special knowledge of the business of Employee is such as would cause
Employer serious injury or loss if he were to use such ability and knowledge to
the benefit of a competitor or were to compete with the Employer in violation of
the terms of this Employee further acknowledges that the restrictions contained
in this Section are intended to be, and shall be, for the benefit of and shall
be enforceable by, Employer=s successors and assigns.

    

    29.       
    In the event that a court of competent jurisdiction shall
determine that any provision of this Section is invalid or more restrictive as
permitted under the governing law of such jurisdiction, then only as to
enforcement of this Section within the jurisdiction of such court, such
provision shall be interpreted and enforced as if it provided for the maximum
restriction permitted under such governing law.

    

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    30.           
If Employee shall be in violation of any provision of this Section, then each
time limitation set forth in this Section shall be extended for a period of time
equal to the period of time during which such violation or violations occur. If
Employer seeks injunctive relief from such violation in any court, then the
covenants set forth in this Section shall be extended for a period of time equal
to the pendency of such proceeding including all appeals by
Employee.

    

    31.          
It is recognized and hereby acknowledged by the parties hereto that a breach by
Employee of any of the covenants contained in Section of this Agreement will
cause irreparable harm and damage to Employer, the monetary amount of which may
be virtually impossible to ascertain. As a result, Employee recognizes and
hereby acknowledges that Employer shall be entitled to an injunction from any
court of competent jurisdiction enjoining and restraining any violation of any
or all of the covenants contained in Section of this Agreement by Employee or
any of his affiliates, associates, partners or agents, either directly or
indirectly, and that such right to injunction shall be cumulative and in
addition to whatever other remedies Employer may possess.

    

    ARBITRATION

      
 

    32.            Any
dispute or controversy arising under or in connection with this Agreement shall
be settled exclusively by arbitration in Bristol County, MA in accordance with
the Rules of the American Arbitration Association then in effect (except to the
extent that the procedures outlined below differ from such rules). Within thirty
(30) days after written notice by either party has been given that a dispute
exists and that arbitration is required, each party must select an arbitrator
and those two arbitrators shall promptly, but in no event later than thirty (30)
days after their selection, select a third arbitrator. The parties agree to act
as expeditiously as possible to select arbitrators and conclude the dispute. The
selected arbitrators must render their decision in writing. The cost and
expenses of the arbitration and of enforcement of any award in any court shall
be borne by the losing party. If advances are required, each party will advance
one-half of the estimated fees and expenses of the arbitrators. Judgment may be
entered on the arbitrators= award in any court having jurisdiction. Although
arbitration is contemplated to resolve disputes hereunder, either party may
proceed to court to obtain an injunction to protect its rights hereunder, the
parties agreeing that either could suffer irreparable harm by reason of any
breach of this Agreement. Pursuit of an injunction shall not impair arbitration
of all remaining issues.

    

    ASSIGNMENT

      
 

    33.            Employee
shall not have the right to assign or delegate his rights or obligations
hereunder, or any portion thereof, to any other person.

    

    

    

    

    
      

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

    GOVERNING
LAW

      
 

    34.            This
Agreement shall be governed by and construed in accordance with the laws of the
State of Florida without regard to its conflict of laws principles to the extent
that such principles would require the application of laws other than the laws
of the State of Massachusetts. Venue for any action brought hereunder shall be
in Bristol County, Massachusetts and the parties hereto waive any claim that
such forum is inconvenient.

    

    ENTIRE
AGREEMENT

      
 

    35.            This
Agreement constitutes the entire agreement between the parties hereto with
respect to the subject matter hereof and, upon its effectiveness, shall
supersede all prior agreements, understandings and arrangements, both oral and
written, between Employee and Employer (or any of its affiliates) with respect
to such subject matter. This Agreement may not be modified in any way unless by
a written instrument signed by both parties.

     

    NOTICES

      
 

    36.            All
notices required or permitted to be given hereunder shall be in writing and
shall be personally delivered by courier, sent by registered or certified mail,
return receipt requested or sent by confirmed facsimile transmission addressed
as set forth herein. Notices personally delivered, sent by facsimile or sent by
overnight courier shall be deemed given on the date of delivery and notices
mailed in accordance with the foregoing shall be deemed given upon the earlier
of receipt by the addressee, as evidenced by the return receipt thereof, or
three (3) days after deposit in the U.S. mail. Notice shall be
sent  (i) if to Employer, addressed to 100 NE Third Avenue, Suite
1500, Ft. Lauderdale, FL 33301 and (ii) if to Employee, to his address as
reflected on the payroll records of the Employer, or to such other address as
either party hereto may from time to time give notice of to the
other.

    

    BENEFITS;
BINDING EFFECT

      
 

    37.            This
Agreement shall be for the benefit of and binding upon the parties hereto and
their respective heirs, personal representatives, legal representatives,
successors and, where applicable, assigns, including, without limitation, any
successor to Employer, whether by merger, consolidation, sale of stock, sale of
assets or otherwise.

    

    

    

    

    

    

    

    

    

    

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

SEVERABILITY

      
 

    38.            The
invalidity of any one or more of the words, phrases, sentences, clauses or
sections contained in this Agreement shall not affect the enforceability of the
remaining portions of this Agreement or any part thereof, all of which are
inserted conditionally on there being valid in law, and, in the event that any
one or more of the words, phrases, sentences, clauses or sections contained in
this Agreement shall be declared invalid, this Agreement shall be construed as
if such invalid work or words, phrase or phrases, sentence or sentences, clause
or clauses, or section or sections had not been inserted. If such invalidity is
caused by length of time or size of area, or both, the otherwise invalid
provision will be considered to be reduced to a period or area, which would cure
such invalidity.

    

    WAIVERS

      
 

    39.            The
waiver by either party hereto of a breach or violation of any term or provision
of this Agreement shall not operate nor be construed as a waiver of any
subsequent breach or violation.

    

    DAMAGES

      
 

    40.            Nothing
contained herein shall be construed to prevent Employer or Employee from seeking
and recovering from the other damages sustained by either or both of them as a
result of its or his breach of any term or provision of this Agreement. In the
event that either party hereto files for arbitration or brings suit for the
collection of any damages resulting from, or to enjoin any action constituting,
a breach of any of the terms or provisions of this Agreement, then the party
found to be at fault shall pay all reasonable court or arbitration costs and
attorneys= fees of the other including legal fees and costs incurred prior to
the filing of any action or arbitration.

    

    

    NO
CONSTRUCTION AGAINST DRAFTER

      
 

    41.            This
Employment Agreement shall be construed without regard to any presumption or
other rule requiring construction against the party causing the drafting
hereof.

    

    

    NO THIRD
PARTY BENEFICIARY

      
 

    42.            Nothing
expressed or implied in this Agreement is intended, or shall be construed, to
confer upon or give any person other than Employer, the parties hereto and their
respective heirs, personal representatives, legal representatives, successors
and assigns, any rights or remedies under or by reason of this
Agreement.

    

    

    

    

    

    
      

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

    

            IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the date
first above written.

    

    

    Secured
Financial Network, Inc.

    

     

    
      	 	 	 	 	 	 
	By:	
              /s/ 
      Michael Fasci 

            	 	 	
               

            	 
	 	
              Secured
      Financial Network, Inc. - Employer

            	 	 	
               

            	 
	 	
              Michael
      Fasci Director/CFO

            	 	 	
               

            	 

    

     

    
       

      
        	 	 	 	 	 	 
	By:	
                /s/ 
      Jeffrey Schultz

              	 	 	
                 

              	 
	 	
                Jeffrey
      Schultz - Employee

              	 	 	
                 

              	 

      

       

    

    
 

     

     

     

     

     

     

    10exhibit_10-2.htm

    
      

    

    EXHIBIT
10.2

    
 

    
      $
10,000 Promissory Note

      

      December
7, 2007

      

      Secured
Financial Network, Inc.  (“Borrower”), located at 101 NE 3rd Avenue,
Suite 1500, Ft. Lauderdale, FL 33301, in consideration of $10,000, hereby
promises to pay to the order of HEB, LLC (“Lender”), at its primary place of
business at 777 Main Street, Suite 3100, Ft. Worth, TX 76102 or at such other
address given to Borrower by Lender, in immediately available funds and in
lawful money of the United States of America, the principal sum of Ten Thousand
Dollars ($10,000.00), or such lesser sum as may be advanced and outstanding
hereunder, when demanded by Lender, together with interest on the unpaid
principal balance of this Note equal to ten percent (10%) per
annum.

       

      Based on
such calculations interest shall be paid quarterly on the first day of the
month, beginning January 1, 2008.

       

      Borrower
shall repay this Note on or before December 7, 2009.

       

      As
additional consideration for entering into this note, Lender shall be issued
50,000 warrants to purchase 50,000 shares of SFNL common stock at the price of
$.05 per share. Warrants shall be exercisable for a term of 3-years. Warrant
agreement is attached.

       

      All
payments made on this Note as scheduled shall be applied, to the extent thereof,
first to accrued but unpaid interest and the balance to unpaid
principal.  Except to the extent specific provisions are set forth in
this Note with respect to application of payments, all payments received by the
holder hereof shall be applied, to the extent thereof, to the indebtedness owing
by Borrower to Lender in such order and manner as Lender or any other holder
hereof shall deem appropriate, any instructions from Borrower or anyone else to
the contrary notwithstanding.

       

      Borrower
shall be entitled to prepay this Note in whole or in part at any
time.  Any prepayments of this Note shall be applied first to accrued
but unpaid interest, and then to the principal balance hereof in the inverse
order of maturity.

       

      All
agreements between Borrower and Lender, or any subsequent holder of this Note,
whether now existing or hereafter arising and whether written or oral, are
expressly limited so that in no contingency or event whatsoever, whether by
reason of acceleration of the maturity of this Note or otherwise, shall the
amount paid or agreed to be paid to the holder of this Note for the use,
forbearance, or detention of the funds advanced pursuant to this Note or for the
performance or payment of any covenant or obligation contained herein or in any
other document evidencing, securing or pertaining to this Note, exceed the
maximum amount permissible under applicable law (the “Highest Lawful
Rate”).  If from any circumstance whatsoever fulfillment of any
provision hereof or of any such other document, at the time performance of such
provision shall be due, shall involve transcending
the limit of validity prescribed by applicable law, then ipso facto, the
obligation to be fulfilled shall be reduced to the limit of such validity, and
if from any circumstance the holder hereof shall ever receive anything of value
deemed excess interest by applicable law, an amount equal to any such excess
interest shall be applied to the reduction of the principal amount owing under
this Note, and not to the payment of interest, or if such excess interest
exceeds the unpaid principal balance of this Note, such excess interest shall be
refunded to Borrower.  All sums paid or agreed to be paid to any
holder of this Note for the use, forbearance or detention of any funds advanced
pursuant to this Note shall, to the extent permitted by applicable law, be
amortized, prorated, allocated and spread throughout the full term of this Note
until payment in full so that the rate of interest on account of the
indebtedness evidenced by this Note is uniform throughout the term
hereof.  The terms and provisions of this paragraph shall control and
supersede every other provision of all agreements between Borrower and any
holder of this Note.

       

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      If this
Note is placed in the hands of an attorney for collection after default, or if
all or any part of the indebtedness represented hereby is proved, established or
collected in any court or in any bankruptcy, receivership, debtor relief,
probate or other court proceedings, Borrower and all endorsers, sureties and
guarantors of this Note jointly and severally agree to pay reasonable attorneys’
fees and collection costs to the holder hereof in addition to the principal and
interest payable hereunder.

       

      Borrower
and all endorsers, sureties and guarantors of this Note hereby severally waive
demand, presentment for payment, protest, notice of protest, notice of
acceleration of and notice of intention to accelerate the maturity of this Note,
diligence in collecting, the bringing of any suit against any party and any
notice of or defense on account of any extensions, renewals, partial payments or
changes in any manner of or in this Note or in any of its terms, provisions and
covenants, or any releases or substitutions of any security, or any delay,
indulgence or other act of any trustee or any holder hereof, whether before or
after maturity.

       

      Neither
the failure by the holder hereof to exercise, nor delay by the holder hereof in
exercising, the right to accelerate the maturity of this Note or any other
right, power or remedy upon any default or event of default shall be construed
as a waiver of such default or event of default or as a waiver of the right to
exercise any such right, power or remedy at any time.  No single or
partial exercise by the holder hereof of any right, power or remedy shall
exhaust the same or shall preclude any other or further exercise thereof, and
every such right, power or remedy may be exercised at any time and from time to
time.  All rights and remedies provided for in this Note are
cumulative of each other and of any and all other rights and remedies existing
at law or in equity, and the holder hereof shall, in addition to the rights and
remedies provided herein, be entitled to avail itself of all such other rights
and remedies as may now or hereafter exist at law or in equity for the
collection of the indebtedness owing hereunder, and the resort to any right or
remedy provided for hereunder or provided for by law or in equity shall not
prevent the concurrent or subsequent employment of any other appropriate rights
or remedies.  Without limiting the generality of the foregoing
provisions, the acceptance by the holder hereof from time to time of any payment
under this Note which is past due or which is less than the payment in full of
all amounts due and payable at the time of such payment, shall not (i)
constitute a waiver of or impair or extinguish the rights of the holder hereof
to accelerate the maturity of this Note or to exercise any other right, power or
remedy at the time or at any subsequent time, or nullify any prior exercise of
any such right, power or remedy, or (ii) constitute a waiver of the requirement
of punctual payment and performance, or a novation in any respect.

       

       

       

       

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      This Note
may not be changed, amended or modified except in a writing expressly intended
for such purpose and executed by the party against whom enforcement of the
change, amendment or modification is sought.

       

      The Loan
is made solely for business purposes and is not for personal, family, household
or agricultural purposes.

       

      Time
shall be of the essence in this Note with respect to all of Borrower’s
obligations hereunder.

       

      THIS NOTE
AND THE RIGHTS AND DUTIES OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY THE LAWS
OF THE STATE OF FLORIDA, EXCEPT TO THE EXTENT THE SAME ARE GOVERNED BY THE
FEDERAL LAWS OF THE UNITED STATES OF AMERICA.  THE BOOKS AND RECORDS
OF LENDER SHALL CONSTITUTE PRIMA FACIE EVIDENCE OF ALL SUMS DUE LENDER
HEREUNDER.

       

      THIS NOTE
REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED
BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE
PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES.

       

      Executed
as of the date first written above.

       

      BORROWER:

      

      

      /s/ 
Jeffrey L.
Schultz                     

      Secured Financial Network,
Inc.

      By: Jeffrey L.
Schultz  -  President

      

      

      THE
WARRANT REPRESENTED BY THIS CERTIFICATE AND THE SECURITIES TO BE ISSUED UPON ITS
EXERCISE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933
(THE “SECURITIES ACT”) OR APPLICABLE STATE SECURITIES LAWS (THE “STATE ACTS”)
AND SHALL NOT BE SOLD OR TRANSFERRED UNLESS SUCH SALE OR TRANSFER HAS BEEN
REGISTERED UNDER THE SECURITIES ACT AND STATE ACTS, OR AN EXEMPTION FROM THE
REGISTRATION REQUIREMENTS IS AVAILABLE, THE AVAILABILITY OF WHICH MUST BE
ESTABLISHED TO THE SATISFACTION OF THE COMPANY.

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      

      CLASS
A STOCK PURCHASE WARRANT

       

      
      

       

      
        	Warrant
      No.    HEB -2	
                 Number of
      Shares:       50,000

              

      

       

      SECURED
FINANCIAL NETWORK, INC.

      COMMON
STOCK, NO PAR VALUE PER SHARE

      VOID
AFTER 5:00 P.M. EASTERN STANDARD TIME

      ON
DECEMBER 7, 2010

      

      This
Warrant is issued to HEB, LLC by SECURED FINANCIAL NETWORK, INC., a Nevada
Corporation, (hereinafter with its successors called the
“Company”).

      

      For value
received and subject to the terms and conditions hereinafter set out, Holder is
entitled to purchase from the Company at a purchase price of $0.05 per share,
fully paid and non-assessable shares of common stock, no par value per share
(“Common Shares”) of the Company.  Such purchase price per Common
Share, as provided herein, is referred to as the “Purchase Price.

      

      The
Holder may exercise this Warrant, in whole or in part, upon surrender of this
Warrant, with the exercise form annexed hereto duly executed, at the office of
the Company, or such other office as the Company shall notify the Holder in
writing, together with a certified or bank cashier’s check payable to the order
of the Company in the amount of the Purchase Price times the number of Common
Shares being purchased.

      

      1.           The
person or persons in whose name or names any certificate representing Common
Shares is issued hereunder shall be deemed to have become the holder of record
of the Common Shares represented thereby as of the close of business on the date
on which this Warrant is exercised with respect to such shares, whether or not
the transfer books of the Company shall be closed.  Until such time as
this Warrant is exercised or terminates, the Purchase Price payable and the
number and character of securities issuable upon exercise of this Warrant are
subject to adjustment as hereinafter provided.

      

      2.           Unless
previously exercised, this Warrant shall expire at 5:00 p.m. Eastern Standard
Time, on December 7, 2010 and shall be void
thereafter or can be extended at the Company’s discretion (“Expiration
Date”).

      

      3.           The
Company covenants that it will at all times reserve and keep available a number
of its authorized Common Shares, free from all preemptive rights, which will be
sufficient to permit the exercise of this Warrant.  The Company
further covenants that such shares as may be issued pursuant to the exercise of
this Warrant will, upon issuance, be duly and validly issued, fully paid and
non-assessable and free from all taxes, liens, and charges.

      

      4.           If
the Company subdivides its outstanding Common Shares, by split-up or otherwise,
or combines its outstanding Common Shares, the Purchase Price then applicable to
shares covered by this Warrant shall forthwith be proportionately decreased in
the case of a subdivision, or proportionately increased in the case of a
combination.

       

      
 

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      5.           If
(a) the Company reorganizes its capital, reclassifies its capital stock,
consolidates or merges with or into another corporation (but only if the Company
is not the surviving corporation and no longer has more than a
single shareholder) or sells, transfers or otherwise disposes of all or
substantially all its property, assets, or business to another corporation, and
(b) pursuant to the terms of
such reorganization, reclassification, merger, consolidation, or disposition of
assets, shares of common stock of the successor or acquiring corporation, or any
cash, shares of stock, or other securities or property of any nature whatsoever
(including warrants or other subscription or purchase rights) in addition to or
in lieu of common stock of the successor or acquiring corporation (“Other
Property”), are to be received by or distributed to the holders of Common
Shares, then (c) Holder shall have the right thereafter to receive, upon
exercise of this Warrant, the same number of shares of common stock of the
successor or acquiring corporation and Other Property receivable upon such
reorganization, reclassification, merger, consolidation, or disposition of
assets as a holder of the number of Common Shares for which this Warrant is
exercisable immediately prior to such event. At the time of such reorganization,
reclassification, merger, consolidation or disposition of assets, the successor
or acquiring corporation shall expressly assume the due and punctual observance
and performance of each and every covenant and condition of this Warrant to be
performed and observed by the Company and all the obligations and liabilities
hereunder, subject to such modifications as may be deemed appropriate (as
determined by resolution of the Board of Directors of the Company) in order to
adjust the number of shares of the common stock of the successor or acquiring
corporation for which this Warrant is exercisable. For purposes of this section,
“common stock of the successor or acquiring corporation” shall include stock of
such corporation of any class which is not preferred as to dividends or assets
over any other class of stock of such corporation and which is not subject to
redemption and shall also include any evidences of indebtedness, shares of
stock, or other securities which are convertible into or exchangeable for any
such stock, either immediately or upon the arrival of a specified date or the
happening of a specified event and any warrants or other rights to subscribe for
or purchase any such stock. The foregoing provisions of this section shall
similarly apply to successive reorganizations, reclassifications, mergers,
consolidations, or disposition of assets.

      

      6.           If
a voluntary or involuntary dissolution, liquidation or winding up of the Company
(other than in connection with a merger or consolidation of the Company) is at
any time proposed during the term of this Warrant, the Company shall give
written notice to the Holder at least thirty days prior to the record date of
the proposed transaction.  The notice shall contain: (1) the date on
which the transaction is to take place; (2) the record date (which must be at
least thirty days after the giving of the notice) as of which holders of the
Common Shares entitled to receive distributions as a result of the transaction
shall be determined; (3) a brief description of the transaction; (4) a brief
description of the distributions, if any, to be made to holders of the Common
Shares as a result of the transaction; and (5) an estimate of the fair market
value of the distributions.  On the date of the transaction, if it
actually occurs, this Warrant and all rights existing under this Warrant shall
terminate.

      

      7.           In
no event shall any fractional Common Share of the Company be issued upon any
exercise of this Warrant.  If, upon exercise of this Warrant as an
entirety, the Holder would, except as provided in this Section 7, be entitled to
receive a fractional Common Share, then the Company shall issue the next higher
number of full Common Shares, issuing a full share with respect to such
fractional share.  If this Warrant is exercised at one time for less
than the maximum number of Common Shares purchasable upon the exercise hereof,
the Company shall issue to the Holder a new warrant of like tenor and date
representing the number of Common Shares equal to the difference between the
number of shares purchasable upon full exercise of this Warrant and the number
of shares that were purchased upon the exercise of this Warrant.

      

      8.           Whenever
the Purchase Price is adjusted, as herein provided, the Company shall promptly
deliver to the Holder a certificate setting forth the Purchase Price after such
adjustment and setting forth a brief statement of the facts requiring such
adjustment.

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      9.           If
at any time prior to the expiration or exercise of this Warrant, the Company
shall pay any dividend or make any distribution upon its Common Shares or shall
make any subdivision or combination of, or other change in its Common Shares,
the Company shall cause notice thereof to be mailed, first class, postage
prepaid, to Holder at least thirty full business days prior to the record date
set for determining the holders of Common Shares who shall participate in such
dividend, distribution, subdivision, combination or other
change.  Such notice shall also specify the record date as of which
holders of Common Shares who shall participate in such dividend or distribution
is to be determined.  Failure to give such notice, or any defect
therein, shall not affect the legality or validity of any dividend or
distribution.

      

      10.         The
Company will maintain a register containing the names and addresses of the
Holder and any assignees of this Warrant.  Holder may change its
address as shown on the warrant register by written notice to the Company
requesting such change.  Any notice or written communication required
or permitted to be given to the Holder may be delivered by confirmed facsimile
or telecopy or by a recognized overnight courier, addressed to Holder at the
address shown on the warrant register.

      

      11.         This
Warrant has not been registered under the Securities Act of 1933, as amended
(the “Securities Act”), or any state securities laws (“State Acts”) or
regulations in reliance upon exemptions under the Securities Act, and exemptions
under the State Acts. Subject to compliance with the Securities Act and State
Acts, this Warrant and all rights hereunder are transferable in whole or in
part, at the office of the Company at which this Warrant is exercisable, upon
surrender of this Warrant together with the assignment hereof properly endorsed.
The Common Stock into which the Warrants are exercisable will have piggyback
registration rights, and the Warrants will be transferable.

      

      12.         In
case this Warrant shall be mutilated, lost, stolen, or destroyed, the Company
may issue a new warrant of like tenor and denomination and deliver the same (a)
in exchange and substitution for and upon surrender and cancellation of any
mutilated Warrant, or (b) in lieu of any Warrant lost, stolen, or destroyed,
upon receipt of evidence satisfactory to the Company of the loss, theft or
destruction of such Warrant (including a reasonably detailed affidavit with
respect to the circumstances of any loss, theft, or destruction) and of
indemnity with sufficient surety satisfactory to the Company.

      

      13.         Unless
a current registration statement under the Securities Act, shall be in effect
with respect to the securities to be issued upon exercise of this Warrant, the
Holder, by accepting this Warrant, covenants and agrees that, at the time of
exercise hereof, and at the time of any proposed transfer of securities acquired
upon exercise hereof, the Company may require Holder to make such
representations, and may place such legends on certificates representing the
Common Shares issuable upon exercise of this Warrant, as may be reasonably
required in the opinion of counsel to the Company to permit such Common Shares
to be issued without such registration.

      

      14.         This
Warrant does not entitle Holder to any of the rights of a stockholder of the
Company.

      

      15.         Nothing
expressed in this Agreement and nothing that may be implied from any of the
provisions hereof is intended, or shall be construed, to confer upon, or give
to, any person or corporation other than the parties to this Agreement any
covenant, condition, stipulation, promise, or agreement contained herein, and
all covenants, conditions, stipulations, promises and agreements contained
herein shall be for the sole and exclusive benefit of the parties hereto and
their respective successors and assigns.

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      

      16.         The
provisions and terms of this Warrant shall be construed in accordance with the
laws of the State of Nevada.

       

      IN
WITNESS WHEREOF, the Company as of December 7, 2007 has duly executed this
Warrant.

      

      

      

       

       

      
        
          	 	SECURED FINANCIAL NETWORK,
      INC.	 
	 	 	 	 
	
                   

                	
                  By:
      

                	/s/ Jeffrey
      L. Schultz	 
	 	 	Jeffrey
      L. Schultz - President	 
	 	 	 	 

        

       

      

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      FORM
OF EXERCISE

      

      

       Date:
____________________

      

      

      To:           SECURED FINANCIAL NETWORK,
INC.

       100
NE 3rd Ave., Suite 1500,

       Ft.
Lauderdale, FL 33301

       Telecopy
No. 954.337.2835

      

      

      The
undersigned hereby subscribes for 50,000 shares of common stock of SECURED
FINANCIAL NETWORK, INC. covered by this Warrant and hereby delivers $ 2,500 in
full payment of the purchase price thereof. The certificate(s) for such shares
should be issued in the name of the undersigned or as otherwise indicated
below:

      

      

      ____________________________

      Signature:

      

      

      ____________________________

      Printed
Name

      

      

      

      ____________________________

      Name for Registration, if
different

      

      

      ____________________________

      Street Address

      

      ____________________________

      City,
State and Zip Code

      

      ____________________________

      Social
Security Number

      

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      

      ASSIGNMENT

      

      

      For Value
Received, the undersigned hereby sells, assigns and transfers unto the
assignee(s) set forth below the within Warrant certificate, together with all
right, title and interest therein, and hereby irrevocably constitutes and
appoints ___________________________________ attorney, to transfer the said
Warrant on the books of the within-named Company with respect to the number of
Common Shares set forth below, with full power of substitution in the
premises.

       

      
        	
                Name(s)
      of

                Assignee(s)

              	
                Social
      Security or

                other Identifying

                Number(s) of

                Assignee(s)

              	Address	
                No.
      of

                Shares

              

      

       

       

       

      Dated:
______________________________

       

      

       

      
        	

                _________________________________________

                Signature

                

                NOTICE:
      THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN
      UPON THE FACE OF THE WARRANT IN EVERY PARTICULAR, WITHOUT ALTERATION OR
      ENLARGEMENT, OR ANY CHANGE WHATSOEVER.

                

                

                _________________________________________

                Print
      Name and Title

              

      

       

       

      9

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