Document:

Promissory Note

    

    EXHIBIT
      10.32      

    

    PROMISSORY
      NOTE 

    

    
      	Principal Amount: $200,000	
            	
              October
                19, 2006

            

    

    

    ACTIS
      GLOBAL VENTURES, INC., a Nevada corporation ("Borrower"), having a business
      address of 1905 Aston Avenue, Suite 101, Carlsbad, CA 92008, for value received
      hereby promises to pay to the order of Sujon Limited ("Holder") having a
      business address of 14 Hackwood, Robertsbridge, East Sussex, TN32 5ER United
      Kingdom, in the manner set forth below, the principal sum of Two Hundred
      Thousand Dollars ($200,000) together with a premium payment to be comprised
      of
      Two Million (2,000,000) restricted common shares of Actis Global Ventures,
      Inc.
      with piggyback registration rights and an interest rate of twelve percent (12%)
      per annum. The principal balance and premium being due and payable on or before
      February 18, 2007 (the “Maturity Date”). 

    

    1.    Payment
      of Principal and Premium.
      The
      aggregate outstanding principal balance under this Note together with the
      premium amount shall be paid to Holder no later than the Maturity Date, at
      the
      following address: 14 Hackwood, Robertsbridge, East Sussex, TN32 5ER United
      Kingdom

    

    2.    Prepayment.
      The
      Borrower may prepay the principal balance and the premium amount of this Note
      at
      any time without penalty.

    

    3.    Events
      of Default and Remedies.  In
      case one or more of the following events ("Events of Default") (whatever the
      reason for such Event of Default and whether it shall be voluntary or
      involuntary or be effected by operation of law or pursuant to any judgment,
      decree or order of any court or any order, rule or regulation of any
      administrative or governmental body) shall have occurred and be continuing:
      (a) default in the payment of all or any part of the principal or premium
      under this Note as and when the same shall become due and payable, at the
      Maturity Date, by acceleration, by mandatory prepayment or otherwise; or (b)
      failure on the part of the Borrower to observe or perform any material
      representation, warranty, covenant or agreement on the part of the Borrower
      contained in this Note for a period of 30 days after the date on which written
      notice specifying such failure, stating that such notice is a "Notice of
      Default" hereunder and demanding that the Borrower remedy the same, shall have
      been given by registered or certified mail, return receipt requested, by the
      Holder to the Borrower; or (c) the Borrower, pursuant to or within the
      meaning of Title 11, U.S. Code or any similar federal or state law for the
      relief of debtors (collectively, "Bankruptcy Law"), (i) commences a
      voluntary case or proceeding, (ii) consents to the entry of an order for relief
      against it in an involuntary case or proceeding, (iii) consents to the
      appointment of a custodian of it or for all or substantially all of its
      property, (iv) makes a general assignment for the benefit of its creditors,
      or
      (v) admits in writing its inability to pay its debts as the same become due;
      or
      (d) a court of competent jurisdiction enters an order or decree under any
      Bankruptcy Law that: (1) is for relief against the Borrower in an involuntary
      case, (2) appoints a custodian of the Borrower or for all or substantially
      all of the property of the Borrower, or (3) orders the liquidation of the
      Borrower, and any such order or decree remains unstayed and in effect for 30
      days; in each case where an Event of Default occurs, the Holder, by notice
      in
      writing to the Borrower by registered or certified mail, return receipt
      requested (the "Share Notice"), may take title of the Shares as payment in
      full
      of all amounts owed under this Note. Upon the occurrence of, and during the
      continuance of, an Event of Default, the principal amount and premium amount
      shall bear interest at a rate of twelve percent (12%) per annum.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    As
      used
      herein, "Default" shall mean any event or condition which constitutes an Event
      of Default or which upon notice, lapse of time or both would, unless cured
      or
      waived, become an Event of Default.

    

        4.    Costs
      of Collection.
      The
      Borrower shall reimburse the Holder, on demand, for any and all costs and
      expenses, including reasonable attorneys' fees and court costs, incurred by
      the
      Holder in collecting or otherwise enforcing this Note or in exercising its
      rights as a secured creditor to the collateral, or in attempting to do any
      of
      the foregoing.

    

    5.    Powers
      and Remedies Cumulative; Delay or Omission Not Waiver of Default.
      No
      right or remedy herein conferred upon or reserved to the Holder is intended
      to
      be exclusive of any other right or remedy, and every right and remedy shall
      to
      the extent permitted by law, be cumulative and in addition to every other right
      and remedy given hereunder or now or hereafter existing at law or in equity
      or
      otherwise.

    

    No
      delay
      or omission of the Holder to exercise any right or power accruing upon any
      Default or Event of Default occurring and continuing as aforesaid shall impair
      any such right or power or shall be construed to be a waiver of any such Default
      or Event of Default or an acquiescence therein; and every power and remedy
      given
      by this Note or by law may be exercised from time to time, and as often as
      shall
      be deemed expedient, by the Holder.

    

    6.    Waiver
      of Past Defaults.
      The
      Holder may waive any past Default or Event of Default hereunder and its
      consequences. In the case of any such waiver, the Borrower and the Holder shall
      be restored to their former positions and rights hereunder, respectively; but
      no
      such waiver shall extend to any subsequent or other Default or Event of Default
      of impair any right consequent thereon.

    

    Upon
      any
      such waiver, such Default or Event of Default shall cease to exist and be deemed
      to have been cured and not to have occurred, and any Default or Event of Default
      arising therefrom shall be deemed to have been cured, and not to have occurred
      for every purpose of this Note, and the Default interest rate hereon shall
      not
      be deemed to have occurred; but no such waiver shall extend to any subsequent
      or
      other Default or Event of Default or impair any right consequent
      thereon.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
 

    7.    Successors
      and Assigns.
      The
      Borrower shall not consolidate or merge with or into, or sell, lease, convey
      or
      otherwise dispose of all or substantially all of its assets, in one transaction
      or a series of related transactions, or assign any of its obligations under
      this
      Note without the prior written consent of the Holder. The Holder may assign
      this
      Note, subject to applicable securities laws, without the consent of the
      Borrower. 

    

    8.     Modification
      of Note.
      This
      Note may only be modified with the written consent of the Holder and the
      Borrower.

    

    11.    Miscellaneous.
      This
      Note shall be governed by and be construed in accordance with the laws of the
      State of Florida without regard to the conflicts of law rules of such state.
      The
      Borrower hereby waives presentment, demand, notice, protest and all other
      demands and notices in connection with the delivery, acceptance, performance
      and
      enforcement of this Note, except as specifically provided herein. The section
      headings herein are for convenience only and shall not affect the construction
      hereof.

    

    IN
      WITNESS WHEREOF, Borrower has caused this instrument to be duly executed and
      delivered as of the date first set forth above.

     

    
      	 	 	 
	 	ACTIS
              GLOBAL
              VENTURES, INC.
	 
 	 
 	 
 
	 	By:  	/s/ Ray
              W.
              Grimm, Jr.
	 	
              

            
	 	
              Ray
                W.
                Grimm, Jr.

              CEO

            
	 	 

    

    
      
         

        
          	 	 	 
	Accepted
                  by: 	SUJON
                  LIMITED
	 
 	 
 	 
 
	 	By:  	/s/ Clifford
                  Wilkins
	 	
                  

                
	 	
                  p.p.
                    Law Formations Ltd., Secretary of Sujon Ltd.

                  Clifford
                    Wilkins
                    

                  DirectorEXHIBIT 10.3  

  

REFRESHMENT
SERVICES SAS

Rue Camille Desmoulins 27

92784 Issy-Les-Moulineaux

Cedex 9, France 

Refreshment Services SAS 

Defined Benefit Plan 

ENGLISH VERSION 

Refreshment Services SAS — Defined Benefit Plan 

This
translation has only an informative purpose. According to French law only the French version is legal. 

Article 1 Object  

This
document describes the implementation of a defined benefit pension plan. This plan aims at providing to eligible employees defined hereunder, a global level of pensions, including accrued rights
to legal pensions and towards others supplementary pensions schemes existing in the Company. 

Article 2 Scope  

	1.
	Eligibility
conditions 

This
scheme covers employees of the Company whose grade is 20 or above. 

To
be covered, employees must also fulfill each of the following criteria: 

	•
	To
cease definitively any professional activity at the date of retirement,

	•
	To
be in the Company's headcount at their retirement,

	•
	To
have at least 10 years of seniority and to be at least 60 at the date of retirement,

	•
	To
have commenced payment of their mandatory pensions (Social Security, ARRCO-AGIRC). 

The
seniority taken into account is the seniority of the employee with The Coca Cola Company. 

	2.
	Special
case of employees whose employment contract is terminated at the employer's initiative 

Participants
dismissed as from 55, without having any new professional activities, benefit from this pension according to the terms and conditions of article 3. The pension is payable at the
commencement of payment of mandatory pensions and can not, in any case, be paid before the age of 60. The seniority condition is calculated assuming that the employee stays with the Company until he
is 60. 

Article 3 Level of benefit and calculation of the pension  

	1.
	Level
of pension guaranteed 

The
Company will guarantee to the category of employees determined in article 2 at their retirement, a level of pension, including pensions from all schemes to which the employee is affiliated.
This level N is equal to 30% to be applied to the pensionable salary defined hereunder. 

This
percentage is multiplied by a coefficient M equal to 100% which, in case of termination before retirement with continuation of the benefits according to the terms and conditions of
article 2, will be offset by 5% per missing year up to 60. The number of missing years will be determined as the difference between 60 and the age at the date the employee leaves the Company,
this difference being rounded to the previous inferior multiple. 

Example:
an employee leaves between 55 and 56, the coefficient M is equal to 80% 

	2.
	Pensionable
salary 

Pensionable
salary S will be equal to the average of the last three annual salaries including base salary and target bonus calculated for the three last complete years before leaving. 

In
case of termination before retirement with continuation of the benefits in the terms and conditions of article 2, the pensionable salary S will be equal to the average of the last three
annual salary and target bonus calculated for the three last complete years before leaving and will be revaluated until retirement according to the value of AGIRC point. This revaluation will be
applied every year at the anniversary date of leaving. 

The
target bonus is the annual incentive defined in the "Executive Performance Incentive Plan and the Executive Incentive Plan", or its successor plans that provide for an annual performance based
incentive. Such incentive shall be solely within the discretion of the Compensation Committee of the Board of Directors of The Coca Cola Company and may vary based on the group's and individual
performance. 

Pensionable
salary excludes: 

	•
	Severance
payments for any case of termination (resignation, retirement at the employer's initiative, dismissal, paid leave indemnity paid at the termination...)

	•
	Any
other indemnities paid by the Company for any reason,

	•
	Benefits
in kind and professional fees reimbursement,

	•
	Employer's
contributions to supplementary retirement plan, death and health coverage, any payment resulting from mandatory or voluntary profit sharing, corporate savings
plan, stock options, etc., even if these contributions or payment become submitted to social charges according to article L. 242-1 of Social Security code. 

In
case of termination before retirement with continuation of the benefits according to the terms and conditions of article 2, pensionable salary is revaluated based on the value of the AGIRC
point. 

	3.
	Deductible
benefits 

The
deductible benefits P are the following: 

	•
	mandatory
pensions (Social Security, ARRCO-AGIRC) accrued while the employee worked in and out of the Company; child benefits and offset in case of early retirement have to
be excluded from the mandatory pensions,

	•
	pensions
from defined contributions plans of the Company, when they exist.

	4.
	Determination
of the level of benefit 

The
level of pension guaranteed is a total level including all pension schemes. The amount of the annuity R that will be paid to the employee as from the liquidation of his pension will be calculated
as follows: 

R =
N * M * S - P 

Article 4 Revaluation  

The
pension, calculated according to article 3, is to be revaluated according to the performance of the pensions fund of the insurer, in application of the terms and conditions determined by
the insurance contract that will be subscribed by the Company in order to pay for this scheme. The annuities cannot decrease; annual revaluations are vested for retirees. 

Article 5 Payment of the pension  

Entitlement
to the pension will start on the first day of the quarter following the request or the date at which the rights are vested, if the second date is posterior to the first one. The pension is
payable quarterly in arrears. In case of death during the quarter, the quarterly pension will be paid entirely. 

At
Issy-les-Moulineaux, September 25, 2006 

Refreshment
Services SAS 

/s/
Gary Fayard

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