Document:

Secured Promissory Note

 Exhibit 10.2 
 SECURED PROMISSORY NOTE 
  

			
	US $10,000.00	  	September 2, 2009

 Dallas, Texas 
 1. Promise to Pay. FOR VALUE RECEIVED, the undersigned, Lance Ayers, an individual residing in Dallas County, Texas ( “Ayers”), hereby promises to pay to the order of Noel
Noel, Ltd., a company with its principal office located at 87 Station Road in Ashington, Northumberland NE63 8RS United Kingdom (the “Holder”), as hereinafter provided, the principal sum of US Ten Thousand Dollars (US
$10,000.00), plus accrued interest at the rate of 2% per annum, for so long as any principal remains outstanding under this Note. This Note is issued and delivered to Holder pursuant to Section 2 of that certain Stock Purchase
Agreement as amended by and between the Ayers and Holder (the “Amended Stock Purchase Agreement”). This Note is secured by a pledge of the Shares as collateral under the Security Agreement, both as referred to and defined in the
Amended Stock Purchase Agreement. 
 2. Payment Terms. Principal and accrued but unpaid interest are due and payable by Ayers
to Holder in consecutive equal monthly installments of US Four Dollars (US $400.00), plus accrued but unpaid interest, beginning on September 2, 2010 and continuing thereafter on the first day of each calendar month until this Note is paid in
full. The outstanding principal balance of this Note and any and all accrued but unpaid interest hereon shall be due and payable in full on September 2, 2012. All payments made under this Note must be made to Holder at the address provided in
Section 1 above, or at such other place as Holder directs in writing. Ayers may prepay this Note in part or in full without penalty or premium at any time before final maturity. Prepayment in full shall consist of payment of the
remaining unpaid principal balance together with all accrued and unpaid interest. Early payments will not, unless agreed in writing, relieve Ayers of its obligation to continue to make payments under the above payment schedule. All payments and
prepayments will first be applied to accrued and unpaid interest and the balance of any such payments or prepayments will be applied to outstanding principal. Acceptance by Holder of any payment hereunder that is less than payment in full of all
amounts due and payable at the time of such payment will not constitute a waiver of the right to exercise any of Holder’s available remedies at that time or at any subsequent time, without the express written consent of Holder. 
 3. Usury Limitations. It is the intent of Ayers and Holder in the execution of this Note and all other documents and agreements executed in
connection with the transactions contemplated by the Amended Stock Purchase Agreement (this Note and all such other documents and agreements are herein called the “Transaction Documents”) to contract in strict compliance with
applicable usury law. In furtherance thereof, and notwithstanding anything to the contrary contained herein, no provisions of this Note will require the payment or permit the charge or collection of interest in excess of the maximum rate permitted
by applicable usury laws now or hereafter enacted, which rate will change when and as said laws change, to the extent permitted by law, effective on the day such change in such laws become effective. If any interest in excess of such maximum rate is
herein provided for, or is adjudicated to be so provided, or charged or received, in this Note or otherwise in connection with this transaction giving rise to the execution hereof, the provisions of this Section 3 will govern, and Ayers
will not be obligated 

  

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to pay the excess amount of such interest. If, in the event of prepayment or acceleration or for any reason interest in excess of the maximum rate of
interest permitted by applicable law has been charged or received, any excess amount charged will be deemed void and of no effect to the extent of such excess, and any excess amount received will be applied as a payment and reduction of the
principal of indebtedness evidenced by this Note; and if the principal amount thereof has been paid in full, any remaining excess shall be paid to Ayers. 
 4. Events of Default. The occurrence or happening, at any time and from time to time, of any one or more of the following shall immediately constitute an “Event of Default” under this
Note: 
 (a) The failure of Ayers to make any payment on this Note, or any installment thereof when due, and such failure
continues for a period of fourteen (14) days; or 
 (b) the occurrence of a Change in Control. 
 As used herein, a “Change in Control” means the occurrence of any of the following events: 
 (i) Ayers terminates his employment with Real Estate Referral Center, Inc., (now Gold Bag, Inc.) a Nevada corporation (the
“Company”) or his employment with the Company is terminated, for any reason; or 
 (ii) Any
“person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), other than Ayers or any of his affiliates (as defined below), becomes the
“beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company, or acquires securities of the Company (whether by issuance directly from the Company, pursuant to the exercise or
conversion of a derivative security such as an option or warrant or otherwise), representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities, except that any change in
the beneficial ownership of the securities of the Company as a result of a transaction undertaken primarily for capital-raising purposes and that is approved by the Board of Directors of the Company, shall not be deemed to be a Change in Control; or

 (ii) The consummation of the sale, exchange or other transfer by the Company (in one transaction or a series of related
transactions) of all, or substantially all, of the assets of the Company, except that such sale, exchange or other transfer to an entity that Ayers or any of his affiliates owns a majority of the total voting power represented by such entity’s
then outstanding voting securities shall not be deemed to be a Change in Control; or 
 (iii) The consummation of a merger or
consolidation or other reorganization of the Company in which the Company is not the surviving entity, or in which the Company becomes a subsidiary of another entity, except that any such merger or consolidation into an entity that Ayers or any of
his affiliates owns a majority of the total voting power represented by such entity’s then outstanding voting securities shall not be deemed to be a Change in Control. 
  

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 As used herein, “affiliate” means, with respect to a particular person,
any other person that directly or indirectly, through one or more intermediaries controls, is controlled by, or is under common control with such specified person, as well as the nuclear family of such person. For the purposes of this Note,
“control,” when used with respect to any person, means the power to direct the management and policies of such person, directly or indirectly, whether through the ownership of voting securities, by contract, or otherwise; and the terms
“affiliated,” “controlling,” and “controlled” have meanings correlative to the foregoing. 
 5.
Remedies. Upon the occurrence of an Event of Default, at the option of Holder, the entire unpaid principal balance and accrued interest owing hereon shall immediately become due and payable; provided, however, that Holder’s sole
and exclusive remedy shall be to exercise any available right under the Security Agreement referred to in Section 1 of this Note and shall be subject to the limitations set forth in Section 18 of the Security Agreement.
Failure by Holder to exercise any option upon the occurrence of any Event of Default will not constitute a waiver thereof or the waiver of the right to exercise such option in the event of a subsequent Event of Default. If, after an Event of
Default, this Note is placed in the hands of an attorney for collection or is collected through judicial proceedings, Ayers will pay, in addition to the sums referred to above, a reasonable sum as collection or attorneys’ fees and all other
reasonable costs incurred by Holder in collection of the unpaid amounts due hereunder whether or not a lawsuit is filed. 
 6.
Exculpation. The provisions of Section 18 of the Security Agreement are incorporated in this Note and expressly made a part hereof by this reference. 
 7. Notices. All notices and other communications hereunder shall be in writing or by written telecommunication, and shall be deemed to have
been duly given if delivered personally or if mailed by certified mail, return receipt requested, postage prepaid, or if sent by overnight courier, or sent by facsimile, as follows: 
  

			
	If to Ayers:	  	
		  	Lance Ayers
		  	12830 Hillcrest Rd., Suite 111
		  	Dallas, TX 75230-1547
		
	If to Holder:	  	Noel Noel, Ltd.
		  	Attn: James Hunter.
		  	87 Station Road
		  	Ashington, Northumberland NE63 8RS
		  	United Kingdom

 Any such notice shall be effective (a) if delivered personally, when received, (b) if
sent by overnight courier, when received, (c) if mailed, three (3) days after being mailed as described above, and (d) if sent by confirmed facsimile, when dispatched. 
 8. Governing Law. THIS NOTE IS MADE AND IS PERFORMABLE IN DALLAS COUNTY, TEXAS. THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED 

  

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IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS AND THE APPLICABLE LAWS OF THE UNITED STATES OF AMERICA, WITHOUT REGARD TO CONFLICTS OF LAW OR CHOICE OF
LAW PRINCIPLES. Any action or proceeding under or in connection with this Note against Ayers or any other party ever liable for payment of any sums of money payable on this Note may be brought in any state or federal court in Dallas County, Texas.
Ayers and each such other party hereby irrevocably (i) submits to the nonexclusive jurisdiction of such courts, and (ii) waives any objection it may now or hereafter have as to the venue of any such action or proceeding brought in such
court or that such court is an inconvenient forum. 
 9. Assignment. Neither this Note nor any of the rights or obligations
hereunder may be assigned by any party without the prior written consent of the other party hereto, except Holder may assign his rights hereunder to an affiliate of Holder. Subject to the foregoing, this Note shall be binding upon and inure to the
benefit of and be enforceable by the parties hereto and their respective successors, assigns, heirs, and legal representatives and no other person or entity shall have any right, benefit or obligation hereunder. 
 10. Business Day. If any payment under this Note becomes due and payable on a day other than a Business Day, the payment thereof shall be
extended to the next succeeding Business Day. As used herein, a “Business Day” means a weekday, Monday through Friday, except a legal holiday or a day on which banking institutions in Dallas, Texas are authorized or required by law
to be closed. 
 11. Severability. In the event any one or more of the provisions of this Note shall be invalid, illegal or
unenforceable in any respect, the validity of the remaining provisions hereof shall be in no way affected, prejudiced or disturbed thereby. 
 12. Waiver and Amendment. Any provision of this Note may be amended, waived or modified upon the written consent of Ayers and Holder. 
 13. Third Party Beneficiaries. Ayers and Holder intend that this Note shall not benefit or create any right or cause of action in any individual, partnership, corporation, business trust, limited
liability company or other entity other than the parties hereto. 
 14. Final Agreement. This Note represents the final
agreement between the parties regarding the subject matter hereto 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. 

[THIS SPACE INTENTIONALLY LEFT BLANK] 
  

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 IN WITNESS WHEREOF, the undersigned has executed this Note as of the 2nd day of September, 2009.

  

	
	AYERS:
	
	 /s/ Lance Ayers

	Lance Ayers

 ACCEPTED AND AGREED: 
  

			
	HOLDER:
	
	Noel Noel, Ltd.
		
	By:	 	 /s/ James Hunter

		 	James Hunter

  

 Page 5Security Agreement

 Exhibit 10.3 
 SECURITY AGREEMENT 
 This Security Agreement (“Agreement”) is made this date by and between Lance
Ayers (“Shareholder”) and Noel Noel, Ltd. (“Secured Party”). 
 Section 1. Grant of Security Interest. Shareholder, in
consideration of the indebtedness described in this Agreement, hereby grants, conveys, and assigns to Secured Party a security interest in all of Shareholder’s existing and future right, title and interest in, to and under the property listed
in Section 2 of this Agreement. This security interest is granted to the Secured Party to (a) secure the payment of the indebtedness evidenced by Shareholder’s promissory note payable to Secured Party dated September 2, 2009 (the
“Note”) in the aggregate principal sum of US $10,000 with interest thereon, and all renewals, extensions, and modifications of the Note; (b) the payment, performance and observance of all obligations, covenants and agreements to be
paid, performed or observed by Shareholder under that certain Amendment to Stock Purchase Agreement dated September 2, 2009, by and between Shareholder and Secured Party (“Amended Stock Purchase Agreement”); (c) the payment of
all other sums, with interest thereon, advanced under the terms of this Agreement; and (d) the performance of the agreements and warranties of Shareholder contained in this Agreement or the Amended Stock Purchase Agreement, as the case may be.

 Section 2. Property. The property subject to the security interest (“Collateral”) is: 
 2.1 Common Stock of the Company. The Collateral shall consist of 45,000,000 shares of common stock, $0.00001 par value per share, of Gold Bag, Inc., a Nevada
corporation with its principal offices located in Dallas, Texas, (“Company”) registered in the name of Shareholder. 
 2.2 Proceeds. All
proceeds of the sale or other disposition of any of the Collateral described or referred to in Sections 2.1. Sale or disposition of the Collateral is prohibited pursuant to Section 4 of this Agreement. 
 Section 3. Covenants of Shareholder. The Shareholder agrees and covenants as follows: 
 3.1 Payment of Principal and Interest. The Shareholder shall promptly pay when due the principal of and interest on the indebtedness evidenced by the Note, any prepayment and late charges provided in the Note,
and all other sums secured by this Agreement. 
 3.2 Authority. The execution, delivery, and performance of this Agreement, the Amended Stock Purchase
Agreement, and the execution and payment of the Note are within Shareholder’s powers, and are not in contravention of law or the terms of any indenture, agreement, or undertaking to which the Shareholder is a party or by which he is bound.

 3.3 Ownership of Collateral. The Shareholder is the sole owner of the Collateral and will defend the Collateral against the claims and demands of
all other persons at any time claiming the same or any interest therein. 
  

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 Section 4. Sale of Collateral Prohibited. Except in favor of Secured Party hereunder, the Shareholder
shall not sell, encumber, pledge, mortgage, assign, grant a security interest in, or otherwise transfer the Collateral without the written consent of the Secured Party. 
 Section 5. Intentionally Deleted. 
 Section 6. Taxes and Assessments. The Shareholder
will pay or cause to be paid promptly when due all taxes and assessments on the Collateral, this Agreement, the Amended Stock Purchase Agreement, and the Note. The Shareholder may, however, withhold payment of any tax assessment or claim if a good
faith dispute exists as to the obligation to pay and, notwithstanding anything in this Agreement, the Amended Stock Purchase Agreement or the Note to the contrary, the Shareholder will not have any obligation to pay taxes imposed on the income of
Secured Party as a result of the transaction contemplated herein or therein or otherwise. 
 Section 7. Application of Payments. Unless
applicable law provides otherwise, all payments received by the Secured Party from the Shareholder under the Note and this Agreement shall be applied by the Secured Party in the following order of priority: (i) interest payable on the Note in
the manner provided therein; (ii) principal of the Note in the manner provided therein; and (iii) any other sums secured by this Agreement in such order as the Secured Party, at the Secured Party’s option, may determine. 

Section 8. Protection of Secured Party’s Security. Following the occurrence and during the continuance of an Event of Default, if the
Shareholder fails to perform the covenants and agreements contained or incorporated in this Agreement or the Amended Stock Purchase Agreement, as applicable, or if any action or proceeding is commenced which affects the Collateral or title thereto
or the interest of the Secured Party therein, including, but not limited to insolvency or proceedings involving bankruptcy, then the Secured Party, at the Secured Party’s option, may make such appearance, disburse such sums, and take such
action as the Secured Party deems necessary, in its sole discretion, to protect the Secured Party’s security interest, including but not limited to disbursement of attorneys’ fees. Any amounts disbursed by Secured Party pursuant to this
Section following the occurrence and during the continuance of an Event of Default, with interest thereon, shall become additional indebtedness of the Shareholder secured by this Agreement. Nothing contained in this Section shall require the Secured
Party to incur any expense or take any action. 
 Section 9. Shareholder and Lien Not Released. From time to time, the Secured Party may,
at the Secured Party’s option, without giving notice to or obtaining the consent of the Shareholder, or the Shareholder’s successors or assigns or of any other lien holder or Shareholder, without liability on the Secured Party’s part,
and notwithstanding the Shareholder’s breach of any covenant or agreement of the Shareholder in this Agreement or the Amended Stock Purchase Agreement, as applicable, extend the time for payment of said indebtedness or any part thereof, reduce
the payments thereon, release anyone liable on any of said indebtedness, accept a renewal Note or Note therefor, release from the lien of this Agreement any part of the Collateral, take or release other or additional security, reconvey any part of
the Collateral, join in any extension or subordination 

  

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agreement, and agree in writing with the Shareholder to modify the rate of interest or period of amortization of the Note or change the amount of any
installments payable thereunder. Any actions taken by the Secured Party pursuant to the terms of this Section shall not affect the obligation of the Shareholder or the Shareholder’s successors or assigns to pay the sums secured by this
Agreement and to observe the covenants of the Shareholder contained herein, and shall not affect the lien or priority of lien hereof on the Collateral. 
 Section 10. Forbearance by Secured Party Not a Waiver. Any forbearance by the Secured Party in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the
exercise of any right or remedy. The acceptance by the Secured Party of payment of any sum secured by this Agreement after the due date of such payment shall not be a waiver of the Secured Party’s right to either require prompt payment when due
of all other sums so secured or to declare a default for failure to make prompt payment. The procurement of insurance or the payment of taxes, rents or other liens or charges by the Secured Party shall not be a waiver of the Secured Party’s
right to accelerate the maturity of the indebtedness secured by this Agreement, nor shall the Secured Party’s receipt of any awards, proceeds or damages as provided in this Agreement operate to cure or waive the Shareholder’s default in
payment of sums secured by this Agreement. 
 Section 11. Uniform Commercial Code Security Agreement. This Agreement is intended to be a
security agreement pursuant to the Uniform Commercial Code for any of the items specified above as part of the Collateral which, under applicable law, may be subject to a security interest pursuant to the Uniform Commercial Code, and the Shareholder
hereby grants the Secured Party a security interest in said items pursuant to Section 1 of this Agreement. The Shareholder agrees that the Secured Party may file any appropriate document in the appropriate index as a financing statement for any
of the items specified above as part of the Collateral. In addition, the Shareholder agrees to deliver to the Secured Party, upon the Secured Party’s request, any financing statements, as well as extensions, renewals and amendments thereof, and
reproductions of this Agreement in such form as the Secured Party may reasonably require to perfect a security interest with respect to said items. The Shareholder shall pay all costs of filing such financing statements and any extensions, renewals,
amendments, and releases thereof, and shall pay all reasonable costs and expenses of any record searches for financing statements the Secured Party may reasonably require. Without the prior written consent of the Secured Party, the Shareholder shall
not create or suffer to be created pursuant to the Uniform Commercial Code any other security interest in the Collateral, including replacements and additions thereto. Upon the occurrence of an Event of Default, the Secured Party shall have the
remedies of a secured party under the Uniform Commercial Code and, at the Secured Party’s option, may also invoke the other remedies provided in this Agreement as to such items. In exercising any of said remedies, the Secured Party may proceed
against the items specified above as part of the Collateral separately or together and in any order whatsoever, without in any way affecting the availability of the Secured Party’s remedies under the Uniform Commercial Code or of the other
remedies provided in this Agreement. 
 Section 12. Events of Default. The Shareholder shall be in default under this Agreement when any
of the following events or conditions occurs (each, an “Event of Default”): 
 12.1 An Event of Default (as defined in the Note) shall have
occurred under the terms and conditions of the Note. 
  

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 12.2 The Shareholder fail to comply with any term, obligation, covenant, or condition contained in this Agreement or in
the Amended Stock Purchase Agreement, as applicable, and such failure remains uncured for 10 days after notice by Secured Party to the Shareholder, as applicable, is received by Shareholder. 
 12.3 Any warranty, covenant, or representation made to the Secured Party by the Shareholder under this Agreement or under the Amended Stock Purchase Agreement, as
applicable, proves to have been false in any material respect when made or furnished. 
 12.4 Any levy, seizure, attachment, lien, or encumbrance of or on
the Collateral which is not discharged by the Shareholder within 60 days or, any sale, transfer, or disposition of any interest in the Collateral, without the written consent of the Secured Party. 
 Section 13. Acceleration in Case of Shareholder’s Insolvency. If the Shareholder voluntarily files a petition under the federal Bankruptcy Act,
as such Act may from time to time be amended, or under any similar or successor federal statute relating to bankruptcy, insolvency, arrangements or reorganizations, or under any state bankruptcy or insolvency act, or files an answer in an
involuntary proceeding admitting insolvency or inability to pay debts, or if the Shareholder is adjudged as bankrupt, or if a trustee or receiver is appointed for the Shareholder’s property, or if the Collateral becomes subject to the
jurisdiction of a federal bankruptcy court or similar state court in any proceeding not dismissed within 60 days, or if the Shareholder makes an assignment for the benefit of its creditors, or if there is an attachment, receivership, execution or
other judicial seizure, then the Secured Party may, at the Secured Party’s option, declare all of the sums secured by this Agreement to be immediately due and payable without prior notice to the Shareholder, and the Secured Party may invoke any
remedies permitted by this Agreement. Any attorneys’ fees and other expenses incurred by the Secured Party in connection with the Shareholder’s bankruptcy or any of the other events described in this Section shall be additional
indebtedness of the Shareholder secured by this Agreement. 
 Section 14. Rights of Secured Party. Upon the occurrence and during the
continuance of an Event of Default, the Secured Party shall have the following rights and remedies: 
 14.1 The Secured Party may require the Shareholder to
assemble the Collateral and make it available to the Secured Party at the place to be designated by the Secured Party which is reasonably convenient to both parties. The Secured Party may sell all or any part of the Collateral as a whole or in
parcels either by public auction, private sale, or other method of disposition. The Secured Party may bid at any public sale on all or any portion of the Collateral. The Secured Party shall give the Shareholder reasonable notice of the time and
place of any public sale or of the time after which any private sale or other disposition of the Collateral is to be made, and notice given at least 10 days before the time of the sale or other disposition shall be conclusively presumed to be
reasonable. 
  

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 14.2 Notwithstanding any provision of this Agreement, the Secured Party shall be under no obligation to offer to sell the
Collateral if it complies with Section 14.3 below. In the event the Secured Party offers to sell the Collateral, the Secured Party will be under no obligation to consummate a sale of the Collateral if, in its reasonable business judgment, none
of the offers received by it reasonably approximates the fair value of the Collateral. 
 14.3 In the event the Secured Party elects not to sell the
Collateral, the Secured Party may elect to follow the procedures set forth in the Uniform Commercial Code for retaining the Collateral in satisfaction of the Shareholder’s obligation, subject to Shareholder’s rights under such procedures.

 14.4 In addition to the rights under this Agreement and the Amended Stock Purchase Agreement, the Secured Party shall be entitled to the appointment of a
receiver for the Collateral as a matter of right whether or not the apparent value of the Collateral exceeds the outstanding principal amount of the Note and any receiver appointed may serve without bond. Employment by the Secured Party shall not
disqualify a person from serving as receiver. 
 Section 15. Waiver of Marshalling. Notwithstanding the existence of any other security
interest in the Collateral held by the Secured Party or by any other party, the Secured Party shall have the right to determine the order in which any or all of the Collateral shall be subjected to the remedies provided by this Agreement. The
Secured Party shall have the right to determine the order in which any or all portions of the indebtedness secured by this Agreement are satisfied from the proceeds realized upon the exercise of the remedies provided in this Agreement. The
Shareholder, any party who consents to this Agreement, and any party who now or hereafter acquires a security interest in the Collateral and who has actual or constructive notice of this Agreement, hereby waives any and all right to require the
marshalling of assets in connection with the exercise of any of the remedies permitted by applicable law or by this Agreement. 
 Section 16.
Provisions of Agreement. All amounts due the Secured Party pursuant to the Amended Stock Purchase Agreement shall be indebtedness of the Shareholder secured by this Agreement. All sums disbursed by the Secured Party following the occurrence
and during the continuance of an Event of Default to protect the security of this Agreement and the Amended Stock Purchase Agreement up to the principal amount of the Note shall be treated as disbursements pursuant to such Agreements. All such sums
shall bear interest from the date of disbursement at the rate stated in the Note, unless collection from the Shareholder of interest at such rate would be contrary to applicable law in which event such amount shall bear interest at the highest rate
which may be collected from the Shareholder under applicable law. In case of an Event of Default, the Secured Party at the Secured Party’s option (i) may invoke any of the rights or remedies provided in this Agreement, (ii) may
accelerate the sums secured by this Agreement, or (iii) may do both. 
  

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 Section 17. Remedies Cumulative. Each remedy provided in this Agreement and the Amended Stock Purchase
Agreement is distinct and cumulative to all other rights or remedies under this Agreement and the Amended Stock Purchase Agreement or afforded by law or equity, and may be exercised concurrently, independently, or successively, in any order
whatsoever. 
 Section 18. No Recourse. This Agreement, the Amended Stock Purchase Agreement and the Note are “non-recourse”
against the Shareholder. Accordingly, notwithstanding anything herein, in the Amended Stock Purchase Agreement or in the Note to the contrary, Secured Party shall not enforce the liability and obligation of Shareholder to perform and observe the
obligations contained in this Agreement, the Amended Stock Purchase Agreement or the Note by any action or proceeding wherein a money judgment shall be sought against Shareholder, except that Secured Party may bring a foreclosure action to enable
Secured Party to enforce and realize upon the interest in the Collateral created by this Agreement; provided, however, that any judgment in any such action shall be enforceable against Shareholder only to the extent of the Collateral given to
Secured Party. Secured Party, by accepting this Agreement, the Amended Stock Purchase Agreement or the Note agrees that it shall not sue for, seek or demand any deficiency judgment against Shareholder in any such action or proceeding, under or by
reason of or under or in connection with this Agreement, the Amended Stock Purchase Agreement or the Note. Except as expressly provided in this Agreement, the Amended Stock Purchase Agreement or the Note, Secured Party and its successors and assigns
shall look solely to Shareholder’s interest in the Collateral now or at any time hereafter securing the payment and performance of the obligations of Shareholder under this Agreement, the Amended Stock Purchase Agreement or the Note for the
payment of any claim or for any performance in connection with this Agreement, the Amended Stock Purchase Agreement or the Note. 
 MISCELLANEOUS PROVISIONS 
 Section 19. Notices. Any notices permitted or required under this Agreement shall be deemed given
upon the date of personal delivery or 48 hours after deposit in the United States mail, postage fully prepaid, return receipt requested, 
 addressed to the
Shareholder at: 
 Lance Ayers 
 12830 Hillcrest Rd., Suite 111

 Dallas, TX 75230-1547 
 addressed to the Secured Party at:

 Noel Noel, Ltd. 
 Attn: James Hunter. 
 87 Station Road 
 Ashington, Northumberland NE63 8RS 
 United Kingdom 
  

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 or at any other address as any party may, from time to time, designate by notice given in compliance with this section.

 Section 20. Time. Time is of the essence of this Agreement. 
 Section 21. Waiver. Failure of either party at any time to require performance of any provision of this Agreement shall not limit the party’s right to enforce the provision, nor shall any
waiver of any breach of any provision be a waiver of any succeeding breach of any provision or a waiver of the provision itself for any other provision. 
 Section 22. Assignment. Except as otherwise provided within this Agreement, neither party hereto may transfer or assign this Agreement without prior written consent of the other party, except Secured Party may assign his
rights hereunder to an affiliate. 
 Section 23. Law Governing. This Agreement shall be governed by and construed in accordance with the
laws of the State of Texas. 
 Section 24. Attorney Fees. In the event an arbitration, suit or action is brought by any party under this
Agreement to enforce any of its terms, or in any appeal therefrom, it is agreed that the prevailing party shall be entitled to reasonable attorneys fees to be fixed by the arbitrator, trial court, and/or appellate court. 
 Section 25. Presumption. This Agreement or any section thereof shall not be construed against any party due to the fact that said Agreement or any
section thereof was drafted by said party. 
 Section 26. Titles and Captions. All article, section and paragraph titles or captions
contained in this Agreement are for convenience only and shall not be deemed part of the context nor affect the interpretation of this Agreement. 
 Section 27. Agreement Binding. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the parties hereto. 
 Section 28. Further Action. The parties hereto shall execute and deliver all documents, provide all information and take or forbear from all such action as may be necessary or appropriate to achieve
the purposes of this Agreement. 
 Section 29. Good Faith, Cooperation and Due Diligence. The parties hereto covenant, warrant and
represent to each other good faith, complete cooperation, due diligence and honesty in fact in the performance of all obligations of the parties pursuant to this Agreement. All promises and covenants are mutual and dependent. 
  

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 Section 30. Counterparts. This Agreement may be executed in several counterparts and all so executed
shall constitute one Agreement, binding on all the parties hereto even though all the parties are not signatories to the original or the same counterpart. 
 Section 31. Parties in Interest. Nothing herein shall be construed to be to the benefit of any third party, nor is it intended that any provision shall be for the benefit of any third party. 
 Section 32. Savings Clause. If any provision of this Agreement, or the application of such provision to any person or circumstance, shall be held
invalid, the remainder of this Agreement, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby. 
 Signed and effective as of September 2, 2009. 
  

			
	SHAREHOLDER
	
	 /s/ Lance Ayers

	Lance Ayers
	
	SECURED PARTY
	
	Noel Noel, Ltd.
		
	By:	 	 /s/ James Hunter

		 	James Hunter

  

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