Document:

COMPLIANCE
SYSTEMS CORPORATION

    Promissory
Note

     

    
      	$24,750.00  	
              March 2,
      2009                                

            
	 	
              Garden City, New
      York                                
      

            

    

    

    For Value Received, the
undersigned, Compliance Systems
Corporation, a Nevada corporation (together with its
successors and assigns, the “Maker”), hereby promises to pay to the order of
Pretect, Inc., formally known
as Sesen Business Regeneration, Inc., a Florida corporation (the “Payee”), the
principal sum of $24,750.00 (the “Principal Amount”) pursuant to the terms and
conditions hereinafter set forth in this promissory note (this
“Note”).

    

    1.           Interest
Rate.  Until an Event of Default (as defined in Section 3
below) shall have occurred, the Principal Amount evidenced by this Note shall
not bear any interest.

    

    2.           Payment Date; Payment
Method.

    

     (a)           Payment Dates.  The
Principal Amount shall be payable in twelve equal monthly installments of
$2,062.50, each due on the first business day of each calendar month, commencing
on April 1, 2009 and continuing on the first business day of each month
thereafter through and including March 1, 2010 (the “Maturity
Date”).  Upon payment in full of the Principal Amount, the Payee shall
mark this Note “CANCELLED” and return this Note as so marked to the Maker within
five days after such payment in full is received.  For purposes of
this Note, the term “business day” shall mean any day other than a Saturday,
Sunday or a day on which banking institutions in the State of New York are
authorized or obligated by law or executive order to close.

    

    (b)           Payment
Method.  Payment of the Principal Amount shall be made by
check, tendered to the Payee, via postage-paid, first class mail, at the address
for the giving of notices to Payee as set forth in Section 7 of this
Note.

    

    (c)           Prepayment. The Maker may prepay,
without premium or penalty of any kind, all or any portion of the outstanding
Principal Amount due under this Note prior to the Maturity Date in its sole
discretion.  Notwithstanding anything to the contrary contained in
this Note, in the event that Maker shall, at any time prior to October 1, 2009,
receive sufficient funding, whether in the form of debt or equity financing or
other, in an amount aggregating, since the date of this Note, to at least $2.5
million (the “Threshold Amount”), then the outstanding amount due under this
Note as of the date (the “Threshold Amount Attainment Date”) of attaining the
Threshold Amount shall be paid in six equal monthly installments commencing the
third business day immediately following the Threshold Amount Attainment
Date.

    

    3.           Default;
Acceleration.  Upon the occurrence of an Event of Default (as
such capitalized term is defined in this Note), the entire unpaid Principal
Amount shall immediately become due and payable and shall bear interest until
fully paid computed at the rate of 7% per annum, compounded monthly (with the
accrual of such interest commencing on the occurrence of such Event of
Default).  For the purposes of this Note, the capitalized term "Event
of Default" shall mean the occurrence of any one or more of the following
events:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (a)           Failure
by Maker to make a payment of any sum when due under this Note, which failure is
not cured within ten business days following delivery of written notice from
Payee to Maker of such failure;

    (b)           If
by order of a court of competent jurisdiction, a trustee, receiver, custodian,
liquidator, agent or other similar official of Maker’s property or any part
thereof, shall be appointed and such other shall not be discharged or dismissed
within 90 days after such appointment;

    (c)           If
Maker shall file a petition in bankruptcy or for an arrangement or for
reorganization pursuant to the Federal Bankruptcy Act or any similar law,
federal or state, or if, by decree of a court of competent jurisdiction, Maker
shall be adjudicated a bankrupt, or be declared insolvent, or shall admit in
writing its inability to pay its debts generally as they become due, or shall
consent to the appointment of a receiver or receivers of all or any part of its
property; or

    (d)           If
any of the creditors of Maker shall file a petition in bankruptcy against Maker
pursuant to the Federal Bankruptcy Act or any similar law, federal or state, and
if such petition shall not be discharged or dismissed within 90 days after the
date on which such petition was filed.

    

    4.           Waiver and
Amendment.  Any provision of this Note may be amended, waived
or modified upon the written consent of both the Maker and the
Payee.

     

    5.           Usury. This Note is hereby
expressly limited so that in no event whatsoever, whether by reason of maturity
or acceleration of the outstanding Principal Amount, shall the amount paid or
agreed to be paid to the Payee hereunder for the loan, use, forbearance or
detention of money exceed that permissible under applicable law.  If
at any time the performance of any provision of this Note or of any other
agreement or instrument entered into in connection with this Note involves a
payment exceeding the limit of the interest that may be validly charged for the
loan, use, forbearance or detention of money under applicable law, then
automatically and retroactively, ipso facto, the obligation to
be performed shall be reduced to such limit.  The provisions of this
Section 5 shall never be superseded or waived and shall control every other
provision of this Note and all other agreements and instruments between the
Maker and the Payee entered into in connection with this Note.

    

    6.           Governing Law; Jurisdiction.  This
Note and all rights and obligations hereunder shall be governed by and construed
in accordance with the laws of the State of New York applicable to agreements
made and be performed wholly within such State, without regard to such State’s
conflicts of laws principles.  Any legal action resulting from,
arising under, out of or in connection with, directly or indirectly, this Note
shall be commenced exclusively in the Supreme Court, State of New York, County
of Nassau, or the U.S. District Court for the Eastern District of New
York.  Each of the Maker and Payee hereby submit themselves to the
jurisdiction of any such court, and agree that service of process on them in any
such action, suit or proceeding may be affected by the means by which notices
are to be given pursuant to Section 7 of this Note.

    
      
         

      

      
        - 2
-

        
          

        

      

      
         

      

    

    7.           Notices.  Notices or
other communications required or permitted to be given hereunder shall be in
writing and shall be deemed duly given if (a) personally delivered, against
written receipt therefor, (b) forwarded by pre-paid certified or registered
mail, return receipt requested, or (c) forwarded via a nationally recognized
overnight courier service (e.g., Federal Express, USPS
Express Mail, UPS, DHL, etc.) to the party to which such notice or other
communication is required by this Note to be given, at the address of such
parties as follows:

                                               

    
      
        	
                                        
      If to the Maker, to:

              	Dean
      Garfinkel, President 
	
                 
      

              	
                Compliance
      Systems Corporation

              

      

    

    
      	
               
      

            	
              90
      Pratt Oval

            

    

    
      
        	
                 
      

              	
                Glen
      Cove, New York 11542

              
	 	 
	
                                               
          with a copy to:

              	Dennis
      C. O’Rourke, Esq. 
	 	Moritt
      Hock Hamroff & Horowitz LLP 
	 	400
      Garden City Plaza 
	 	Garden
      City, New York 11530 
	 	 
	                         If
      to the Payee, to:	Lisette
      Ruch, President 
	 	Pretect,
      Inc. 
	 	400
      South Country Road 
	 	Brookhaven,
      New York 11719 

      

    

    

    or at
such other address as such party shall furnish to the other party in accordance
with this Section 7.  Notices and other communications delivered
personally shall be deemed given as of the date of actual receipt; mailed
notices and other communications shall be deemed given as of the date three
business days following such mailing; and notices and other communications sent
via overnight courier service shall be deemed given as of the date one business
day after delivery to such courier service.

    

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

    

    
      
        
          	
                  Compliance Systems Corporation

                
	 
      	 
      
	
                  By:

                	
                  /s/
      Dean Garfinkel

                
	 
      	
                  Dean
      Garfinkel,
President

                

        

      

    

    
      
         

      

      
        - 3
-OIL AND GAS PROPERTY
PARTICIPATION AND RIGHTS AGREEMENT

    

    EGPI Fircreek, Inc. on behalf of itself
and all of its wholly owned subsidiaries (“EGPI”) and Dutchess Private Equities
Fund, Ltd. (“Dutchess”) on the other, hereby enter into this agreement
concerning their rights and participation in certain oil and gas property
interests.

    

    WHEREAS,
EGPI held certain rights pursuant to the Participation Agreement dated January
3, 2007 between Success Oil Co. (“Success Oil”) and EGPI’s wholly owned
subsidiary, Firecreek Petroleum Inc, a copy of which is attached hereto (the
“Participation Agreement”);

    

    WHEREAS, by virtue of a valid
assignment of EGPI’s rights in the Participation Agreement to Dutchess, Dutchess
or its assignee holds all of the rights under the Participation Agreement,
including certain rights of first refusal to participate in the development of
additional wells on property described as the “J.B. Tubb 18-1” under Section
VIII of that Participation Agreement;

    

    WHEREAS,
should Dutchess or its assignee decline to exercise any right of first refusal
under Section VIII of the Participation Agreement, Dutchess will provide an
opportunity for EGPI to elect to exercise such right as Dutchess’ assignee;
and

    

    WHEREAS,
the Parties further wish to grant to each party the right to partner with the
other party in the development of any additional well(s) under section VIII of
the Participation Agreement, with each partner sharing an interest equivalent to
its proportionate funding of such project(s); and

    

    NOW THEREFORE, in consideration of the
mutual promises herein and for other good and valuable consideration, the
sufficiency of which is hereby acknowledged, EGPI and Dutchess agree as
follows:

    

    
      	
               
      

            	
              1.

            	
              Notice to
      EGPI.  Within ten (10) days of the receipt by Dutchess of
      any notice pursuant to Section VIII of the Participation Agreement
      concerning Success Oil’s anticipated drilling of additional wells,
      Dutchess or its assignee shall send to EGPI, via US Registered Mail return
      receipt requested or Federal Express, a notice indicating (a) the terms of
      the additional development; (b) the date on which the notice was sent and
      the date by which Dutchess must act; and (c) whether Dutchess intends to
      elect or decline to exercise its right of first refusal to develop such
      additional well(s).

            

    

    

    
      	
               
      

            	
              2.

            	
              Assignment of Right of Refusal
      to EGPI.  Should Dutchess or its assignee decline to
      exercise its right of first refusal to participate in any particular
      additional development identified in the notice pursuant to paragraph 1
      above, Dutchess shall grant EGPI the option of participating in such
      additional development as assignee of any of Dutchess’s rights so
      assignable, with respect to that development.  If EGPI elects to
      accept the assignment of Dutchess’ rights to develop such additional
      well(s), EGPI or its assignee shall, within an amount of days of the
      mailing of the notice by Dutchess identified in Paragraph 1 not to exceed
      the time defined in the Participation Agreement, send to Dutchess by
      facsimile, U.S. registered Mail return receipt requested, or Federal
      Express, a notice of its intent to exercise such rights. If either party
      has no interest or reasonable expectation of funding capacity they shall
      notify the other party within 10 days releasing the other to proceed
      without delay.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              3.

            	
              Mutual Rights of
      Participation.  On the terms set forth below, EGPI grants to
      Dutchess or its assignee, and Dutchess grants to EGPI or its assignee, the
      right to participate in any additional development undertaken pursuant to
      Section VIII of the Participation Agreement and Paragraph 2
      above.

            

    

    

    
      	
               
      

            	
              a.

            	
              Right to
      participate.  Upon notice by Dutchess or its assignee of
      its intent to develop any additional well(s) pursuant to Section VIII of
      the Participation Agreement, EGPI or its assignee may elect to participate
      in such development.  Upon notice by EGPI or its assignee of its
      intent to accept the assignment of any right of refusal from Dutchess,
      pursuant to Paragraph 2 herein, Dutchess or its assignee may elect to
      participate in such additional
development.

            

    

    

    
      	
               
      

            	
              b.

            	
              Notice of
      participation.  A party electing to participate in any
      additional development pursuant to this section shall provide notice to
      the developing party of its intent to participate within the time frame
      listed in Paragraph 2 above regarding the receipt of notice of the other
      party’s election to develop the additional well(s).  The notice
      shall indicate the amount of funding the participating party intends to
      provide for the additional development and shall provide sufficient
      evidence of the participating party’s financial ability to provide the
      stated funding contribution.

            

    

    

    
      	
               
      

            	
              c.

            	
              Proportionate
      participation interest.  In any development undertaken
      pursuant to this paragraph 3, the interests in such development shall be
      allocated in proportion to each participating entity’s funding
      contribution.  If the combined funding that each participating
      entity is willing and able to provide for a project exceeds 100% of the
      project cost as determined in accordance with the terms of the
      Participation Agreement, then the funding and interests shall be allocated
      in proportion to the amount each participating entity is willing and able
      to fund.

            

    

    

    Example: If EGPI is able to
fund 80% of the cost of a particular additional development, and Dutchess is
able to fund 40% of such development, EGPI shall retain a 66.66% interest and
Dutchess shall retain a 33.33% in the project.  If both EGPI and
Dutchess are able to fund 80% of a particular project, each shall retain a 50%
interest.

    

    IN WITNESS WHEREOF, the
Parties have caused this Agreement to be executed on the date set forth
below:

     

    
      
        	
                DUTCHESS
      PRIVATE EQUITIES

                FUND,
      LTD.

              	 
      	
                EGPI
      FIRECREEK, INC. itself and

                on
      behalf of all of its subsidiaries

              
	 
      	 
      	 
      
	
                By:
      Douglas H. Leighton

              	 
      	
                By:
      Dennis R. Alexander

              
	
                Its:  Managing
      Partner

              	 
      	
                Its:
      Chairman and CEO

              
	
                Date:
      December 3, 2008

              	 
      	
                Date:
      December 3, 2008

              

      

    

     

    
      
         

      

      
        2

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