Document:

udt_10q-ex1001.htm

    
      
        

      

    

    EXHIBIT
10.1

     

     

    UNIVERSAL
DETECTION TECHNOLOGY

    ____________________

    

    FORM

    

    Debt
Conversion Agreement

    ____________________

    

    
      	
              Noteholder:

            	 
      	 
      
	
              Note
      Amount:

              Outstanding
      Principal:

            	
              $_____

              $_____

            	 
      
	
              Interest
      Rate:

            	
              __%

            	 
      
	
              Date
      of Note:

            	
              ______

            	 
      
	
              Maturity:

            	
              ______

            	 
      
	
              Accrued
      Interest:

            	
              $_____

            	 
      

    

     

    ________________________________________

    

    [Date]

    

    AGREEMENT

    

    This
Agreement (the “Agreement”) is entered into by and between Universal Detection
Technology (the “Issuer”) and [NAME](the “Noteholder”) on the date first shown
above. The Noteholder confirms that pursuant to the note dated _________ (the
“Note”) in the principal amount of $_______ with an interest rate of __% per
annum and a maturity date of _______, the Issuer owes the Noteholder a balance
of $____ including principal and accrued interest as of ____.

     

    The
Noteholder further agrees to convert the following amount of principal and
interest (the “Conversion Amount”) due under the Note into shares of common
stock of the Issuer (“Shares”), no par value, at the price stated below. The
parties anticipate that the Shares will be eligible for resale pursuant to Rule
144.

     

    
      	
              Principal
      Being Converted:

            	
              $_____

            	 
      
	
              Interest
      Being Converted:

            	
              $_____

            	 
      
	
              Conversion
      Price:

            	
              $_____

            	 
      
	
              Number
      of Shares to Be Issued:

            	
              ______

            	 
      

    

    

     

    The
Noteholder is surrendering for conversion that portion of the principal and
interest due under the Note represented by the Conversion Amount and is not
furnishing any other or additional consideration to the Issuer. The Noteholder
hereby waives, releases, relinquishes and discharges the Issuer of any and all
claims and causes of action it now has or that may hereafter arise with respect
to the Conversion Amount and agrees to accept the Shares as full satisfaction
thereof. No claims are reserved with respect to the Conversion Amount, and the
Noteholder expressly waives any and all rights related thereto, except for those
provided for herein, that it may have under the provisions of California Civil
Code Section 1542, which provides:

     

    “A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF
KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE
DEBTOR.”

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    The
Noteholder acknowledges and agrees that this Agreement and the waiver set forth
herein are valid and binding on the Noteholder in accordance with the terms
hereof. The Noteholder represents and warrants that:

     

    
      	
              ·

            	
              It
      has the requisite authority to execute and deliver this Agreement and that
      the person executing and delivering this Agreement has been duly
      authorized by the Noteholder to do
so;

            

    

     

    
      	
              ·

            	
              It
      is not, and has not been for the three months preceding the date hereof,
      an affiliate of the Issuer and will not hold more than 10% of the issued
      and outstanding Shares upon consummation of the conversion contemplated
      hereby; and

            

    

     

    
      	
              ·

            	
              It
      has not assigned or transferred, or purported to assign or transfer, the
      Note or any right or claim in connection therewith to any other
      person.

            

    

     

    This
Agreement shall be governed by the laws of the State of California, without
regard to the conflict of laws principles thereof. This Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns. This Agreement may not be modified or amended except by
a writing signed by both parties hereto. This Agreement may be executed in
counterparts, each of which shall be an original, but all of which together
shall constitute one and the same agreement. This Agreement constitutes the
entire agreement between the parties hereto with respect to the subject matter
hereof.

     

    
    

     

    
      	      
              Agreed
      to and accepted by:

               

              UNIVERSAL
      DETECTION TECHNOLOGY

            	NOTEHOLDER
	 	 
	 	 
	/s/ Jacques
      Tizabi                                   	_________________________
	By: Jacques Tizabi,
      CEO	 

    

     

     

    
      
         

      

      
        2ntmedia_10q-ex1001.htm

    
      
        

      

    

    EXHIBIT
10.1

     

    PROMISSORY
NOTE

    

    
      	
              $50,000

            	
               February 4,
      2010

              Beverly Hills,
CA

            

    

     

     

    For value
received, NT Media Corp. of
California, Inc. (collectively, the Company), promises to pay Zebra Equities (the “Holder”)
the sum of Fifty Thousand
Dollars ($50,000) plus interest accruing from the date of this Note on
the unpaid principal amount at a rate equal to twelve percent (12%) per annum,
which shall be payable on the Due Date of this Note.  This Note is
subject to the following terms and conditions.

     

    1.   Amounts
Owed.   The Holder has
advanced Fifty Thousand Dollars
($50,000) to the Company on or before February 4,
2010.  The Company hereby acknowledges receipt of the foregoing
advance of funds by the Holder under this Note.  The parties
acknowledge that the foregoing amounts have been previously
advanced.

     

    2.   Maturity.   Principal and
any accrued but unpaid interest under this Note shall be due and payable in a
single installment on or before February 4, 2011 (the “Due
Date”).

     

    3.   Payment.   All payments
shall be made in lawful money of the United States of America in such place as
the Holder hereof may from time to time designate in writing to the
Company.  Payments shall be credited first to the accrued interest due
and payable and the remainder applied to principal.  Prepayment of
this Note may be made at any time without penalty.

     

    4.   Transfer,
Successors and Assigns.   The terms and
conditions of this Note shall inure to the benefit of and be binding upon the
respective successors and assigns of the parties.  Notwithstanding the
foregoing, the Company and the Holder may not assign, pledge or otherwise
transfer this Note and/or their rights or obligations thereunder without the
prior written consent of the other party.  Upon written consent of the
other party, this Note may be transferred only upon surrender of the original
Note for registration of the transfer, duly endorsed, or accompanied by a duly
executed written Instrument of transfer in form satisfactory to the
Holder.  Thereupon, a new note of the same principal amount and
interest will be issued to, and registered in the name of the
transferee.  Interest and principal are payable only to the registered
holder of this Note.

     

    5.   Governing
Law.   This Note and
all acts and transactions pursuant hereto and the rights and obligations of the
parties hereto shall be governed, construed and interpreted in accordance with
the laws of the State of California, without giving effect to the principles of
conflicts of law.

     

    6.   Notices.   Any
notice required or permitted by this Note shall be in writing and shall be
deemed sufficient upon delivery, when delivered personally or by a nationally
recognized delivery service (such as Federal Express or UPS), or forty-eight
(48) hours after being deposited in the U.S. mail, as certified or registered
mail, with postage prepaid, addressed to the party to be notified at such
party’s address as set forth below or subsequently modified by written
notice.

     

    7.   Amendments and Waivers.   Any
term of this Note may be amended only with the written consent of the Company
and Holder.  Any amendment or waiver affected in accordance with this
Section 7 shall
be binding upon the Company, the Holder and each transferee of the Note
if permitted.

      

    
      	 	      
              COMPANY:

               

              NT
      Media Corp. of California, Inc.

               
      

              By:________________________________

              Its:_________________________________

            
	 	 
	      
              AGREED
      TO AND ACCEPTED:

               
      

              HOLDER:  Zebra
      Equities

               
      

              By:_______________________________chinatel_10q-ex1001.htm

 

EXHIBIT 10.1

 

 

Agreement for Professional Services

 

 

FIRST AMENDMENT OF AGREEMENT FOR

PROFESSIONAL SERVICES

 

by and between

 

TRUSSNET USA, INC. (a Delaware corporation)

 

and

 

TRUSSNET USA, INC. (a Nevada Corporation)

 

 

 

  

  

  

 

First Amendment to

Agreement for Professional Services

 

This First Amendment to Agreement for Professional Services, effective as of October 1, 2009 ("First Amendment"), amends that certain Agreement for Professional Services ("Agreement") by and between Trussnet USA, Inc., a Delaware corporation ("TND"), and Trussnet USA, Inc., a Nevada corporation ("TNN"). Section references in this First Amendment correspond to the equivalent Section of the Agreement.

 

The Agreement is hereby amended by deleting the original Section 4 and inserting the following Section 4:

 

4. Payment

 

TNN shall pay TND for the Services it provides to TNN at TND's standard hourly rates and/or based upon a fixed fee for specific Services. Hourly time charges are subject to change by TND upon thirty (30) days prior written notice. Within ten (10) days after the end of each calendar month during the term of this Agreement, or at such other intervals as TNN and TND mutually agree, TND shall submit an invoice to TNN generally describing the Services during the prior month or agreed upon time interval and identifying the amount of compensation due TND for the Services it has provided to TNN. TNN shall pay TND's invoice for the Services performed to date in installments of Ten Million Dollars ($10,000,000) per month, effective October 1, 2009, and the first day of each succeeding month ("Payment Due Date"), until paid in full.

 

All amounts now or subsequently due and unpaid to TND for Services shall be converted into shares of Series A Common Stock ("Shares") of TNN's parent company, China Tel Group, Inc. at a conversion price equal to the lesser of: (i) ninety-five ($0.95); or (ii) eighty percent (80%) of the volume weighted average of the closing bid price for the Shares on the Over The Counter Bulletin Board Exchange for the ten (10) day period prior to each Payment Due Date.

 

Except as expressly amended by this First Amendment, all other terms of the Agreement remain in full force and effect.

 

Trussnet USA Inc. (Delaware)

 

By: /s/ Christopher B. Young      

Printed Name: Christopher B. Young

Title: Chief Operating Officer

 

Trussnet USA, Inc. (Nevada)

 

By: /s/ George Alvarez      

Printed Name: George Alvarez 

Title: Chief Executive Officer

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