Document:

GLOBAL REALTY DEVELOPMENT CORP
                        ---------------------------------

                Convertible Secured Subordinated Promissory Note

                THESE  SECURITIES  HAVE  NOT  BEEN  REGISTERED  UNDER
                THE SECURITIES ACT OF 1933, AS  AMENDED, OR ANY  STATE
                SECURITIES  LAWS.  THEY  MAY  NOT BE SOLD, TRANSFERRED,
                PLEDGED,  HYPOTHECATED OR ASSIGNED IN THE ABSENCE OF AN
                EFFECTIVE  REGISTRATION  STATEMENT AS TO THE SECURITIES
                UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS
                OR  THE  AVAILABILITY OF AN EXEMPTION FROM REGISTRATION
                UNDER  SAID  ACT.  INVESTMENT  IN  THIS  NOTE HEREIN IS
                SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISK.

AUD$3,200,000                                        As  of  20  August,  2005
                                                         New  York,  New  York

     For  value  received,  the  undersigned,  Global Realty Development Corp, a
Delaware  company  (the  "Payor"),  hereby promises to pay Sapphire Developments
Limited,  (the  "Payee"),  having  an address at 60 Market Square, P.O. Box 364,
Belize  City,  Belize in legal tender of the Commonwealth of Australia, pursuant
to  the  following  instructions, the principal sum of Three Million Two Hundred
Thousand Australian Dollars (AUD$3,200,000) ("Principal") together with interest
thereon  from  the  date hereof at the rate of One (1%) percent per annum or the
highest  rate  permitted by law whichever is lower ("Interest"). This Note shall
be  subordinate  to  any  bank  indebtedness  incurred prior to the date hereof.

     The  Principal  and  any  accrued  interest  shall  be sent pursuant to the
payment  schedule  attached  hereto  via  wire transfer to the following account
maintained by Payee's counsel:

     Commerce  Bank
     582-586  9th  Avenue
     New  York,  NY  10036
     ABA  -  026  013  673
     Swift  -  CBNAUS  33
     Title:  Rubin,  Bailin,  Ortoli,  Mayer  &  Baker  LLP
     Account  -  7916582815

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     This  Note  is subject to the express condition that at no time shall Payor
be  obligated or required to pay interest on the Principal at a rate which could
subject  Payee  to  either  civil  or criminal liability as a result of being in
excess  of the maximum rate which Payor is permitted by law to contract or agree
to pay. If by the terms of this Note, Payor is at any time required or obligated
to  pay  interest on the Principal at a rate in excess of such maximum rate, the
rate  of  interest  under this Note shall be deemed to be immediately reduced to
such  maximum  rate  and  interest  payable  hereunder shall be computed at such
maximum  rate  and  the portion of all prior interest payments in excess of such
maximum  rate  shall  be  applied  and  shall be deemed to have been payments in
reduction of the money owed.

     Provided  that  there  shall have been no occurrence of an Event of Default
(as that term is defined in the Security Agreement) under the terms of this note
or  the Security Agreement, payments are to be paid in monthly installments with
combined principal and interest as follows: commencing on September 20, 2005 and
in accordance with the schedule attached hereto as EXHIBIT  A.

     It  is acknowledged and agreed to by the Payor and Payee, that the Payee is
lending  the  Principal  to Payor for the sole purpose of effecting a settlement
transaction  between  the  shareholders  of  Dominion Estates Pty Ltd., Dominion
Wines  Ltd. (collectively, "Dominion Group") and Atlantic Wine Agencies, Inc., a
Florida  corporation ("Atlantic") whereby upon the execution of the Note and the
return  of  up to Twenty Million (20,000,000) shares of Atlantic common stock to
Atlantic  from  the shareholders of the Dominion Group free of any encumbrances,
among  other  consideration,  Atlantic shall transfer, free of any encumbrances,
all  of  the  Ordinary  Shares  of  Dominion  Estates  Pty  Ltd.  ("Settlement
Transaction").

        1. Principal and Interest.
           ------------------------

        Subject  to  the  provisions  of Section 2 below, the entire outstanding
principal  balance  of  this Note, together with all interest accrued and unpaid
thereon,  shall  be  due  and  payable on August 19, 2006 (the "Maturity Date").
Notwithstanding  any  of  the  foregoing,  in  the event that the Payor fails to
provide  the  Collateral  in accordance with the Security Agreement, then and in
such  event the entire outstanding principal balance of this Note, together with
all  interest  accrued  and  unpaid  thereon,  shall  become immediately due and
payable.  Payor  may prepay this Note, in whole or in part, at any time upon ten
(10)  days  notice to Payee without prepayment premium or penalty, provided that
Payee  may  elect  to  convert  all  or part of this Note during such period. In
addition  to  said  payments  of  Principal  and  Interest, Payor shall pay such
additional  payments or other payments as provided for in the Security Agreement
executed  simultaneously  herewith  and  found  in  the  form attached hereto as
EXHIBIT B.

        2. Conversion.
           ----------

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        2.1  This  Note  is  convertible  in  multiples  of  $100,000  of  the
        principal due under this Note, into the number of shares of common stock
        of the Company at any date commencing no less than Ninety (90) days from
        the  date hereof through the date of maturity at the average closing bid
        price  as recorded on www.otcbb.com for the 10 business days immediately
        preceding  the  election  of  conversion  ("Conversion Rate" and "Common
        Shares",  respectively);  provided,  however,  that the right to convert
        this  Note  is subject to the provisions of Section 1 above in the event
        that  the  Company  elects to prepay this Note. Any Common Shares issued
        pursuant  to  this  Note  shall  be  issued  pursuant to Regulation S as
        promulgated  by  the  Securities  Act  of  1933,  as  amended  ("Act").
        Conversion  may  be made at any time commencing no less than Ninety (90)
        days from the date hereof through the date of maturity, at the option of
        the  Payee,  up  to  and  including the Maturity Date; provided that the
        right  to  convert  this  Note is subject to the provisions of Section 1
        above  in  the  event  that  the Company elects to prepay this Note. For
        conversion,  the  Payee  must  present this Note at the office or agency
        designated  for  payments  along  with  the  conversion form in the form
        annexed  hereto  as  EXHIBIT  C. No service charge will be made for such
        conversion;  however,  the Payor may require payment of a sum sufficient
        to cover any tax or other governmental charge payable in connection with
        the conversion of this Note.

        2.2  If  the  Payor,  (a)  splits  or  combines  its  outstanding Common
        Shares into a greater or lesser number of Common Shares, (b) distributes
        any  Common  Shares  (or securities exchangeable for or convertible into
        Common Shares) to the Payee by way of stock dividends, other than such a
        distribution  of  Common  Shares  (or  securities  exchangeable  for  or
        convertible  into Common Shares) to Payee of Common Shares who exercises
        an option to receive stock dividends in lieu of receiving cash dividends
        paid in the ordinary course, (c) distributes rights, options or warrants
        to the Payee of Common Shares entitling it within a period of 45 days to
        acquire  Common  Shares  (or  securities exchangeable for or convertible
        into Common shares) at less than the book value per Common Share, or (d)
        distributes  to all or substantially all of the holders of Common Shares
        or  shares  of  any other class, options, rights or warrants (other than
        those referred to above) or property or other assets (including evidence
        of  indebtedness)  other  than  by way of dividends paid in the ordinary
        course,  the  Conversion  Rate  shall  be  proportionately  reduced  or
        increased as appropriate and calculated to the nearest cent. There shall
        be  no adjustment of the Conversion Rate in respect of any of the events
        described  in  (b),  (c)  and  (d)  above,  if the Payee of this Note is
        allowed  to  participate  in  any  such  event  as though such Payee had
        converted  the  Note  prior  to the applicable record or effective date.

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<PAGE>

        Notwithstanding any other provision hereof, there shall be no adjustment
        to  the Conversion Rate unless the cumulative effect of such adjustments
        then  in  effect  would  change the Conversion Rate then in effect by at
        least  1%. The Payor will give 30 days notice to the Payee of the record
        date of any of the above events. In the even that the Company engages in
        a  transaction which triggers and adjustment under this Section 2.2, the
        Conversion Rate shall be adjusted accordingly.

        2.3  On  the  happening  of  an  event  requiring  an  adjustment  of
        Conversion  Rate  under  Section  2.2,  the Payor shall immediately give
        written  notice  to  the Payee (1) describing the event; (2) stating the
        adjusted  Conversion  Rate  or  describing the substituted securities or
        consideration;  and  (3) stating the method of calculation and the facts
        on  which the calculation is based. The Board of Directors of the Payor,
        acting in good faith, shall determine the calculation.

        2.4  No  fractional  Common  Shares  shall  be  issued  on  conversion.
        In  lieu  of  issuing  a fraction of a Common Share, the Payor shall pay
        Payee  a  cash  amount  equal  to  the  same  fraction of the applicable
        Conversion Rate per share.

        2.5  Common  Shares  deliverable  on  conversion  shall,  at  delivery,
        be  fully  paid  and  non-assessable, free from taxes, liens and charges
        with respect to their purchase. The Payor shall take any necessary steps
        to  assure  that the par value per Common Share is at all times equal to
        or  less  than the Conversion Rate. The Payor shall at all times reserve
        and  hold  available  sufficient Common Shares to satisfy all conversion
        and purchase rights of its outstanding convertible securities (including
        the Notes), options and warrants.

        2.6  This  Note  does  not  entitle  the  Payee  to  any voting or other
        rights  as a stockholder of the Payor, or to any other rights whatsoever
        except  those  herein expressed. No dividends are payable or will accrue
        on  this  Note  or the Common Shares into which this Note is convertible
        until  and  except to the extent that this Note is converted into Common
        Shares.

        3. Fees, Waiver, Other
           -------------------

        3.1  If  the  Payee  rightfully  shall  institute  any  action  to
        enforce  the  collection  of any amount of principal on this Note, there
        shall  be immediately due and payable from the Payor, in addition to the
        then unpaid sum of this Note, all reasonable costs and expenses incurred
        by  the  Payee  in  connection therewith, including, without limitation,
        reasonable attorney's fees and disbursements.

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<PAGE>
        3.2  No  forbearance,  indulgence,  delay  or  failure  to  exercise any
        right or remedy with respect to this Note shall operate as a waiver, nor
        as  an  acquiescence  in  any  default,  nor shall any single or partial
        exercise  of  any right or remedy preclude any other or further exercise
        thereof or the exercise of any other right or remedy.

        3.3  This  Note  may  not  be  modified  or  discharged,  except  by  a
        writing duly executed by the Payor and the Payee.

        3.4  The  Payor  hereby  expressly  waives  demand  and  presentation
        for  payment, notice of nonpayment, notice of dishonor, protest, notices
        of  protest,  bringing  of  suit,  and diligence in taking any action to
        collect amounts called for hereunder.

        3.5  The  Payor  shall  bear  all  of  its  expenses,  including
        attorney's  fees,  incurred  in  connection with the preparation of this
        Note.

        3.6  This  Note  is  secured  by  the  Security  Agreement affecting all
        assets  of  Payor  including  those  of  its  subsidiaries  located  in
        Australia.

        3.7  Payor  acknowledges  Payor's  obligation  to  pay  under  this Note
        in  accordance  with the provisions of this Note, the Security Agreement
        are  and shall at all times continue to be absolute and unconditional in
        all  respects,  and  shall  at  all  times  be  valid  and  enforceable
        irrespective  of  any  other  agreements  or circumstances of any nature
        whatsoever  which might otherwise constitute a defense to this Note, the
        Security  Agreement,  or the obligations of Payor under this Note or the
        obligations  of  any  other person or party relating to this Note or the
        obligations  of  Payor  hereunder  or otherwise with respect to the loan
        secured  by the Security Agreement and Payor absolutely, unconditionally
        and  irrevocably  waives any and all right to assert any defense (except
        prior  payment  to  Payee  or  prior release and/or discharge by Payee),
        set-off,  counterclaim  or  cross  claim  of  any nature whatsoever with
        respect to the obligations of Payor in accordance with the provisions of
        this Note, the Security Agreement or the obligations of any other person
        or  party  relating  to this Note or the obligations of Payor hereunder,
        under  the  Security  Agreement  or  otherwise  with respect to the loan
        secured  by  the  Security  Agreement,  or  in  any action or proceeding
        brought  by  Payee to collect the Principal and Interest, or any portion
        thereof,  or  to  enforce,  foreclose  and  realize  upon  the liens and
        security  interests  created  by  the  Security  Agreement  or any other
        document  or  instrument  securing repayment of the Debt, in whole or in
        part.  This  Note  and  the  Security  Agreement  set  forth  the entire
        agreement  and understanding between Payee and Payor. Payor acknowledges

                                        5
<PAGE>

        that  no  oral  or  other agreements, understandings, representations or
        warranties  exist  with  respect  to  this  Note  or with respect to the
        obligations of each Payor under this Note, except those specifically set
        forth in this Note.

        3.8  Payee  may  assign  its  rights  and  delegate  its  obligations in
        connection  with  this  Note, the loan evidenced hereby and any guaranty
        thereof  or  security  therefor  and  further,  may  assign  or  sell
        participations  in,  all  or  any  part thereof to any bank or any other
        person or entity in which event, Payor (i) in the case of an assignment,
        upon  notice  thereof by Payee to Payor, the assignee shall have, to the
        extent  of such assignment (unless otherwise provided therein), the same
        rights  and benefits as it would have if it were the holder of this Note
        and  Payee  named  herein  and  (ii) in the case of a participation, the
        participant  shall  not  have  any  rights  under this Note or any other
        document  delivered  in  connection  herewith except as set forth in the
        agreement  executed by Payee and the participant relating thereto. Payee
        may furnish any information concerning Payor in possession of Payee from
        time  to  time to assignees or participants and prospective assignees or
        participants.  Payor  shall  comply  with  such  further  conditions and
        execute  such  further instruments that are consistent with the terms of
        the  loan  as evidenced by this Note as may be required in good faith by
        any  participant  that  is a bank, insurance company, pension fund, Real
        Estate Investment Trust (REIT) or other reputable financial institution.

        4. Miscellaneous.
           -------------

        4.1  The  headings  of  the  various  paragraphs  of  this  Note are for
        convenience  of  reference  only  and  shall in no way modify any of the
        terms or provisions of this Note.

        4.2  All  notices  required  or  permitted  to  be  given  hereunder
        shall  be  in  writing  and shall be deemed to have been duly given when
        personally  delivered  or  three  business  days  after  being  sent  by
        registered or certified mail, return receipt requested, postage prepaid,
        to  the  address  of the intended recipient set forth in the preamble to
        this  Note or at such other address as the intended recipient shall have
        hereafter  given  to  the  other party hereto pursuant to the provisions
        hereof.

        4.3  This  Note  and  the  obligations  of  the  Payor and the rights of
        the  Payee  shall  be governed by, and construed in accordance with, the
        laws  of the State of New York with respect to the contracts made and to
        be fully performed therein.

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<PAGE>

        4.4  The  Payor  (a)  agrees  that  any  legal  suit,  action  or
        proceeding  arising out of, or relating to, this Note will be instituted
        exclusively  in  New York State Supreme Court, County of New York or the
        United  States District Court for the Southern District of New York, (b)
        waives  any  objection  which the Payor may have now or hereafter to the
        venue  of  any  such  suit,  action  or  proceeding  and (c) irrevocably
        consents to the jurisdiction of the New York State Supreme Court, County
        of  New  York,  and  the  United  States District court for the Southern
        District  of  New York in any such suit, action or proceeding. The Payor
        further  agrees to accept and acknowledge service of any and all process
        which  may  be  served in any such suit, action or proceeding in the New
        York  State  Supreme  Court,  County of New York or in the United States
        District  Court  for  the Southern District of New York, and agrees that
        service  of  process  upon  the  Payor  mailed  by certified mail to the
        Payor's  address  will  be  deemed in every respect effective service of
        process upon the Payor in any suit, action or proceeding.

        4.5  This  Note  shall  bind  the  Payor  and  its  successors,  legal
        representatives and assigns.

EXECUTED  for  and on behalf of            )
GLOBAL REALTY DEVELOPMENT                  )
CORP by its authorized agent  Roger        )
Charles  Davis  in the presence of:        )
                                           )
                                           )  /s/ Roger Charles Davis
                                              -----------------------
                                              Roger Charles Davis

 /s/Nicholas  Holt
 -------------------
Nicholas  Holt
Signature  of  Witness

Nicholas  Holt
(Print)  Full  Name  of  Witness

---------------------------------
Address  of  WitnessTHIS  NOTE  HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE  "1933  ACT")  AND  THE  SECURITIES  LAWS  OF  ANY STATE. THE NOTE HAS BEEN
ACQUIRED  FOR  INVESTMENT  PURPOSES  ONLY AND NOT WITH A VIEW TO DISTRIBUTION OR
RESALE,  AND  MAY  NOT  BE  SOLD, ASSIGNED, MADE SUBJECT TO A SECURITY INTEREST,
PLEDGED,  HYPOTHECAT-ED,  TRANSFERRED  OR OTHERWISE DISPOSED OF UNLESS AND UNTIL
REGIS-TERED UNDER THE 1933 ACT, OR AN OPINION OF COUNSEL SATISFACTORY TO NETLIVE
COMMUNICATIONS  INC.  IS  RECEIVED  THAT REGISTRATION IS NOT REQUIRED UNDER SUCH
1933  ACT  OR  SUCH  STATE  SECURITIES  LAWS.

                         GLOBAL REALTY DEVELOPMENT CORP
                         ------------------------------
                                 Promissory Note

AUAP  -  Note  1                                                     AUD$465,000

Global  Realty  Development  Corp,  a  Delaware corporation (the "Company"), for
value  received, hereby promises to pay to the order of Dominion Estates Pty Ltd
                                                        ------------------------
(administrator  appointed)  (ACN  072  221  375)  (the  "Payee"),  of  c/- Simon
Wallace-Smith,  Deloitte, 180 Lonsdale Street, Melbourne VIC 3000, fourteen (14)
days  from  the date hereof or as otherwise may be agreed to between the parties
in  writing  pursuant to the Deed of Company Arrangement ("DOCA"), the principal
sum  of  FOUR  HUNDRED  SIXTY-FIVE THOUSAND AUSTRALIAN DOLLARS (AUD$465,000) (or
such  lesser  principal  amount as may then be outstanding). Notwithstanding the
forego-ing,  the  principal amount of the Note may be prepaid by the Company, in
whole or in part, without premium or penalty, at any time. In the event that the
Note  is  not paid within the prescribed period of the DOCA, the Note shall bear
interest  from  and  after  such  date  at  the  rate  of  10%  per  annum.

If the Company shall fail to make a payment of principal when due; or shall make
an  assignment  for  the benefit of creditors, file a petition in bankruptcy, be
adjudicated  insolvent or bankrupt, suffer an order for relief under any federal
bankrupt-cy  law,  petition  or  apply  to any tribunal for the appointment of a
custodian,  receiver  or any trustee for the Company or any substan-tial part of
its  assets,  or  shall  commence  any  proceeding  under  any  bankruptcy,
reorganization,  arrangement,  readjustment  of debt, dissolution or liquidation
law  or  statute  of any jurisdiction, whether now or hereafter in effect; or if
there  shall  have  been  filed  any  such  petition or application, or any such
proceeding  shall  have  been  commenced  against  the  Company,  which  remains
undismissed  for a period of thirty (30) days or more; or if the Company, by any
act  or  omission  shall indicate consent to, approval of or acquiescence in any
such  petition,  application  or  proceeding or the appointment of, a custodian,
receiver or any trustee for all or any substantial part of its properties, or if
the  Company  shall  suffer  such custodianship, receivership, or trusteeship to
continue  undischarged  for a period of thirty (30) days or more, or the Company
violates  any  term  or  provision  of  this Note and same remains uncured for a
period  of 30 days after written notice thereof by any holder of this Note, then
and  in any such event (each such event, an "Event of Default"), the outstanding
principal  amount  of this Note shall be and become immediately due and payable.

                                        1
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Payments  of  principal  are  to be made in lawful money of the United States of
America  at  the  principal  office  of  the  Payee.

     1. Restrictions on Transfer

     The  holder  acknowledges  that  he  has  been  advised by the Company that
     this  Note  has  not  been  registered under the Securities Act of 1933, as
     amended (the "Securities Act"), that the Note is being issued, on the basis
     of  the  statutory exemption provided by Section 4(2) of the Securities Act
     relating  to  transactions  by an issuer not involving any public offering,
     and  that  the Company's reliance upon this statutory exemption is based in
     part  upon  the  representations  made  by  the  holder  in  the  holder's
     Subscription  Agreement.  The holder acknowledges that he has been informed
     by  the  Company  of,  or  is  otherwise  familiar  with, the nature of the
     limitations  imposed  by  the  Securities Act and the rules and regulations
     thereunder on the transfer of securities. In particu-lar, the holder agrees
     that  no  sale,  assignment, hypothecation or transfer of the Note shall be
     valid  or  effective,  and  the  Company  shall not be required to give any
     effect  to  any  such  sale,  assignment,  hypothecation, transfer or other
     disposition,  unless  (i)  the sale, assignment, hypothecation, transfer or
     other  disposition  of  the  Note  is  registered under the Securities Act,
     provided,  that  the  Company has no obligation or intention to so register
     the  Note  in  connection  herewith,  or  (ii)  the Note is sold, assigned,
     hypothecated,  transferred  or otherwise disposed of in accordance with all
     the  requirements  and limitations of Rule 144 under the Securities Act, or
     such  sale,  assignment,  or transfer is otherwise exempt from registration
     under the Securities Act.

     2. Covenants of Company

          (a)  The  Company  covenants  and  agrees  that,  so long as this Note
               shall be outstanding, it will:

                (i)     Promptly  pay  and  discharge  all  lawful  taxes,
                        assessments  and  governmental charges or levies imposed
                        upon the Company or upon its income and profits, or upon
                        any  of  its  property,  before the same shall become in
                        default,  as  well  as  all  lawful  claims  for  labor,
                        materials  and supplies which, if unpaid, might become a
                        lien or charge upon such properties or any part thereof,
                        except  where  the  failure  to  so pay would not have a
                        material  effect on the Company; provided, however, that
                        the  Company  shall not be required to pay and discharge
                        any such tax, assess-ment, charge, levy or claim so long
                        as the validity thereof shall be contested in good faith
                        by  appropriate  proceedings,  and the Company shall set
                        aside on its books adequate reserves with respect to any
                        such  tax,  assessment,  charge,  levy  or  claim  so
                        contested.

                (ii)    Do  or  cause  to  be  done  all  things  necessary  to
                        preserve and keep in full force and effect its corporate
                        existence,  rights  and  franchises  and comply with all
                        material  laws  applicable to the Company as its counsel
                        may advise;

                                        2
<PAGE>
                        (iii)   At  all  times  keep  true  and  correct
                                books, records and accounts.

     3.   Miscellaneous

          3.1  All  the  covenants  and  agreements  made  by the holder of this
               Note  and  the  Company  in this Note shall bind their respective
               successors and assigns.

          3.2  No  recourse  shall  be  had  for the payment of the principal on
               this  Note  or  for  any  claim  based hereon or otherwise in any
               manner  in respect hereof, against any incorporator, stockholder,
               officer  or  director, past, present or future, of the Company or
               of  any  predecessor  corpora-tion,  whether  by  virtue  of  any
               constitutional  provision  or  statute  or rule of law, or by the
               enforcement  of any assessment or penalty or in any other manner,
               all  such  liability  being  expressly waived and released by the
               acceptance hereof and as part of the consider-ation for the issue
               hereof.

          3.3  No  course  of  dealing  between  the  Company  and  the  holder
               hereof  shall  operate  as  a  waiver  of any right of any holder
               hereof,  and no delay on the part of the holder in exercising any
               right  hereunder  shall  so  operate.  Any such waiver must be in
               writing and signed by the holder hereof and the Company.

          3.4  This  Note  may  be  amended  only  by  a  written  instru-ment
               executed by the Company and the holder hereof.

          3.5  All  communications  provided  for  herein  shall be sent, except
               as  may  be  otherwise  specifically  provided,  by registered or
               certified  mail:  if  to  the holder of this Note, to the address
               shown  on  the  books  of the Company; and if to the Company, to:
               Global Realty Development Corp , 11555 Heron Bay Boulevard, Suite
               200,  Coral Springs, Florida 33076, Attention: Robert Kohn, or to
               such  other  address as the Company may advise the holder of this
               Note  in  writing. Notices shall be deemed given three days after
               it is mailed.

          3.6  The  provisions  of  this  Note  shall  in  all  respects  be
               construed  according  to,  and  the rights and liabilities of the
               parties  hereto shall in all respects be governed by, the laws of
               the  State of New York. This Note shall be deemed a contract made
               under  the laws of the State of New York and the validity of this
               Note and all rights and liabilities hereunder shall be determined
               under the laws of said State.

          3.7  The  headings  of  the  Sections  of  this  Note are inserted for
               convenience  only and shall not be deemed to constitute a part of
               this Note.

                                        3
<PAGE>

IN  WITNESS  WHEREOF, Global Realty Development Corp  has caused this Note to be
executed  in  its  corporate  name  by  an  appropriate  officer of the Company.

Dated:  As  of  August  20,  2005

                    GLOBAL  REALTY  DEVELOPMENT  CORP
                    ---------------------------------

                    By:  /s/ Roger  Charles  Davis
                         --------------------------
                             Name:  Roger  Charles  Davis
                             Position:

/s/  Nicholas  Holt
-------------------
Signature  of  Witness

  Nicholas  Holt
(Print)  Full  Name  of  Witness

--------------------------------
Address  of  Witness

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]