Document:

EX-10.1

RAIT CMBS CONDUIT II, LLC

c/o RAIT Financial Trust

2929 Arch Street, 17th Floor

Philadelphia, PA 19104

215.243.9000

November 28, 2012

VIA EMAIL AND OVERNIGHT MAIL

Barclays Bank PLC

745 7th Avenue

New York, New York 10019

Attention: Francis X. Gilhool, Jr.

	 	 	 	Re: Master Repurchase Agreement, dated as of November 23, 2011 by and between
Barclays Bank PLC (“Purchaser”) and RAIT CMBS Conduit II, LLC
(“Seller”) (as amended, restated, supplemented, or otherwise modified and in
effect from time to time, the “Master Repurchase Agreement”)

Dear Mr. Gilhool:

Reference is hereby made to the Master Repurchase Agreement. Capitalized terms used in this
letter will have the meaning assigned to such terms in the Master Repurchase Agreement.

This letter shall constitute formal written notice from Seller, pursuant to Article
3(m) of the Master Repurchase Agreement, of Seller’s desire to extend the Termination Date for
a period of three hundred sixty-four (364) days.

As required under Article 3(m)(ii), (1) Seller wired to Purchaser earlier today the
Extension Fee; and (2) Seller hereby certifies to Purchaser that: (i) no Material Adverse Effect,
Margin Deficit, Default or Event of Default has occurred and is continuing and (ii) all
representations and warranties made by Seller and Guarantor in the Transactions Documents (except
to the extent disclosed in a Requested Exceptions Report) are true, correct, complete and accurate
in all material respects.

We appreciate your willingness to extend the credit facility for an additional three hundred
sixty-four (364) days and look forward to continuing our relationship with you.

If you have any questions, please do not hesitate to contact us.

	 	 	 	Very
truly yours,

	 	 	 	RAIT
CMBS CONDUIT II, LLC, a Delaware limited
liability company

	 	 	 	By:
RAIT FUNDING, LLC, a Delaware limited
liability company, its sole member and
manager

	 	 	 	By:
TABERNA REALTY FINANCE TRUST, a Maryland
real estate investment trust, its sole
member

	 	 	 	By:
/s/ Kenneth R. Frappier

	 	 	Name: Kenneth R. Frappier

Title: Executive Vice President

	 	 	 
	cc:	 	VIA EMAIL AND OVERNIGHT MAIL
	 	 	Dechert LLP

Cira Centre

2929 Arch Street

Philadelphia, PA 19104

Attention: David W. Forti

E: david.forti@dechert.comExhibit
10.1

 

NOTE

 

	$193,000.00	Date:
    November 8, 2012

 

FOR
VALUE RECEIVED, SAVVY BUSINESS SUPPORT, INC., a Nevada corporation, (“Maker”), promises to pay Anatom
Associates SA (“Holder”), in lawful money of the United States, the principal sum of One Hundred and Ninety
Three Thousand Dollars ($193,000.00), plus interest thereon (the “Note”) from the date of issuance until paid in full,
as set forth below.

 

		1.	Interest
                                                                                                                                                                                                                    Rate

 

Interest
on the principal sum of this Note shall accrue at the rate of 8% per annum, compounded annually, based on a 365-day year and the
actual number of days elapsed. Interest shall be payable by Maker on an annual basis and, except as provided in Paragraph 2 below,
shall not be forgiven.

 

		2.	Payments/Forgiveness

 

The
entire principal sum and all accrued but unpaid interest and any other sums payable hereunder shall be due and payable in full
within five (5) months from the date hereof. All payments hereunder shall be applied first to interest then to principal.

 

		3.	Prepayment

 

The
Maker may prepay all or any portion of the principal of this Note at any time and from time to time without premium or penalty.
Any such prepayment shall be applied against the installments of principal due under this Note in the inverse order of their maturity
and shall be accompanied by payment of accrued interest on the amount prepaid to the date of prepayment.

 

		4.	Application
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    Payments

 

All
payments received by Holder shall be applied first to accrued interest, then to other charges due with respect to this Note, and
then to then-unpaid principal balance.

 

		5.	Cancellation
                                                                                                                                                                                                                    of
                                                                                                                                                                                                                    Note.

Upon
the repayment by the Maker of all of its obligations hereunder to the Holder, including, without limitation, the principal amount
of this Note, plus accrued but unpaid interest, the indebtedness evidenced hereby shall be deemed canceled and paid in full.

 

		6.	Severability.

 

If
any provision of this Note is, for any reason, invalid or unenforceable, the remaining provisions of this Note will nevertheless
be valid and enforceable and will remain in full force and effect. Any provision of this Note that is held invalid or unenforceable
by a court of competent jurisdiction will be deemed modified to the extent necessary to make it valid and enforceable and as so
modified will remain in full force and effect.

 

    	 

    	 

    

 

		7.	Default
                                                                                                                                                                                                                    and
                                                                                                                                                                                                                    Remedies

 

		a.	Default

 

Maker
will be in default under this Note if (i) Maker fails to make a payment of principal and/or interest hereunder when due; or (ii)
Maker breaches any other covenant or agreement under this Note; or (iii) Maker defaults under any other provision of this Note
or under any guarantee or other agreement providing security for the payment of this Note; or (iv) Maker breaches any representation
or warranty under this Note or any such guarantee or other agreement; or (v) there occurs the liquidation, dissolution, death
or incompetency of the Maker or any individual, corporation, partnership or other entity guaranteeing or providing security for
the payment of this Note; or (vi) there occurs the sale of a material portion of the business and assets of the Maker or any corporation,
partnership or other entity guaranteeing or providing security for the payment of this Note; or (vii) there occurs the making
of any assignment for the benefit of creditors by the Maker or by any individual, corporation, partnership or other entity guaranteeing
or providing security for the payment of this Note; or (viii) Maker is declared to be in default by a court of competent jurisdiction
or by an arbitrator for any reason.

 

		b.	Remedies

 

Upon
Maker's default, Holder may (i) upon fifteen (15) days' written notice to Maker, declare the entire principal sum and all accrued
and unpaid interest hereunder immediately due and payable and (ii) exercise any and all remedies provided under applicable law.
The Holder’s remedies provided in this Note shall be cumulative and in addition to all other remedies available to the Holder
under this Note, at law or in equity (including a decree of specific performance and/or other injunctive relief), no remedy of
the Holder contained herein shall be deemed a waiver of compliance with the provisions giving rise to such remedy and nothing
herein shall limit the Holder’s right to pursue actual damages for any failure by the Maker to comply with the terms of
this Note. No remedy conferred under this Note upon the Holder is intended to be exclusive of any other remedy available to the
Holder, pursuant to the terms of this Note or otherwise. No single or partial exercise by the Holder of any right, power or remedy
hereunder shall preclude any other or further exercise thereof. The failure of the Holder to exercise any right or remedy under
this Note or otherwise, or delay in exercising such right or remedy, shall not operate as a waiver thereof. Every right and remedy
of the Holder under any document executed in connection with this transaction may be exercised from time to time and as often
as may be deemed expedient by the Holder. The Maker acknowledges that a breach by it of its obligations hereunder will cause irreparable
harm to the Holder and that the remedy at law for any such breach may be inadequate. The Maker therefore agrees that, in the event
of any such breach or threatened breach, the Holder shall be entitled, in addition to all other available remedies, to an injunction
restraining any breach, and specific performance without the necessity of showing economic loss and without any bond or other
security being required.

 

    	 

    	 

    

 

		8.	Waivers

 

		a.	Maker,
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         endorsers
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         guarantors
                                                                                                                                                                                                                         hereof,
                                                                                                                                                                                                                         severally
                                                                                                                                                                                                                         waive
                                                                                                                                                                                                                         diligence,
                                                                                                                                                                                                                         presentment,
                                                                                                                                                                                                                         protest
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         demand
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         also
                                                                                                                                                                                                                         notice
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         dishonor
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note.
                                                                                                                                                                                                                         No
                                                                                                                                                                                                                         extension
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         time
                                                                                                                                                                                                                         for
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         payment
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note,
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         installment
                                                                                                                                                                                                                         hereof,
                                                                                                                                                                                                                         agreed
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         Holder
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         person
                                                                                                                                                                                                                         now
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         hereafter
                                                                                                                                                                                                                         liable
                                                                                                                                                                                                                         for
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         payment
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note,
                                                                                                                                                                                                                         shall
                                                                                                                                                                                                                         affect
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         original
                                                                                                                                                                                                                         liability
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         Maker
                                                                                                                                                                                                                         under
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note,
                                                                                                                                                                                                                         even
                                                                                                                                                                                                                         if
                                                                                                                                                                                                                         Maker
                                                                                                                                                                                                                         is
                                                                                                                                                                                                                         not
                                                                                                                                                                                                                         a
                                                                                                                                                                                                                         party
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         such
                                                                                                                                                                                                                         agreement.
                                                                                                                                                                                                                         Holder
                                                                                                                                                                                                                         may
                                                                                                                                                                                                                         waive
                                                                                                                                                                                                                         its
                                                                                                                                                                                                                         right
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         require
                                                                                                                                                                                                                         performance
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         compliance
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         term,
                                                                                                                                                                                                                         covenant
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         condition
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         only
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         express
                                                                                                                                                                                                                         written
                                                                                                                                                                                                                         waiver.

 

		b.	The
                                                                                                                                                                                                                         failure
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         delay
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         Holder
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         exercising
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         its
                                                                                                                                                                                                                         rights
                                                                                                                                                                                                                         hereunder
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         instance
                                                                                                                                                                                                                         shall
                                                                                                                                                                                                                         not
                                                                                                                                                                                                                         constitute
                                                                                                                                                                                                                         a
                                                                                                                                                                                                                         waiver
                                                                                                                                                                                                                         thereof
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         that
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         other
                                                                                                                                                                                                                         instance.
                                                                                                                                                                                                                         Holder
                                                                                                                                                                                                                         may
                                                                                                                                                                                                                         not
                                                                                                                                                                                                                         waive
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         its
                                                                                                                                                                                                                         rights
                                                                                                                                                                                                                         except
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         an
                                                                                                                                                                                                                         instrument
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         writing
                                                                                                                                                                                                                         signed
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         holder.

 

		9.	Miscellaneous

 

		a.	Maker
                                                                                                                                                                                                                         shall
                                                                                                                                                                                                                         pay
                                                                                                                                                                                                                         all
                                                                                                                                                                                                                         costs,
                                                                                                                                                                                                                         including,
                                                                                                                                                                                                                         without
                                                                                                                                                                                                                         limitation,
                                                                                                                                                                                                                         reasonable
                                                                                                                                                                                                                         attorneys'
                                                                                                                                                                                                                         fees
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         costs
                                                                                                                                                                                                                         incurred
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         Holder
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         collecting
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         sums
                                                                                                                                                                                                                         due
                                                                                                                                                                                                                         hereunder,
                                                                                                                                                                                                                         whether
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         not
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         legal
                                                                                                                                                                                                                         action
                                                                                                                                                                                                                         is
                                                                                                                                                                                                                         actually
                                                                                                                                                                                                                         filed,
                                                                                                                                                                                                                         litigated
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         prosecuted
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         judgment
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         award.
                                                                                                                                                                                                                         In
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         event
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         action
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         legal
                                                                                                                                                                                                                         proceeding
                                                                                                                                                                                                                         concerning
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         enforcement
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         rights
                                                                                                                                                                                                                         hereunder,
                                                                                                                                                                                                                         Holder
                                                                                                                                                                                                                         shall
                                                                                                                                                                                                                         be
                                                                                                                                                                                                                         entitled
                                                                                                                                                                                                                         to,
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         addition
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         other
                                                                                                                                                                                                                         relief
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         which
                                                                                                                                                                                                                         Holder
                                                                                                                                                                                                                         may
                                                                                                                                                                                                                         be
                                                                                                                                                                                                                         entitled,
                                                                                                                                                                                                                         all
                                                                                                                                                                                                                         legal
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         court
                                                                                                                                                                                                                         costs
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         expenses,
                                                                                                                                                                                                                         including
                                                                                                                                                                                                                         reasonable
                                                                                                                                                                                                                         attorneys'
                                                                                                                                                                                                                         fees,
                                                                                                                                                                                                                         incurred
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         Holder
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         connection
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         such
                                                                                                                                                                                                                         action.

 

		b.	This
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         may
                                                                                                                                                                                                                         be
                                                                                                                                                                                                                         modified
                                                                                                                                                                                                                         only
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         a
                                                                                                                                                                                                                         written
                                                                                                                                                                                                                         agreement
                                                                                                                                                                                                                         executed
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         Maker
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         Holder.

 

		c.	This
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         obligations
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         undersigned
                                                                                                                                                                                                                         shall
                                                                                                                                                                                                                         be
                                                                                                                                                                                                                         governed
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         all
                                                                                                                                                                                                                         respects
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         construed
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         accordance
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         laws
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         State
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         Nevada.
                                                                                                                                                                                                                         This
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         shall
                                                                                                                                                                                                                         be
                                                                                                                                                                                                                         deemed
                                                                                                                                                                                                                         a
                                                                                                                                                                                                                         contract
                                                                                                                                                                                                                         made
                                                                                                                                                                                                                         under
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         laws
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         State
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         Nevada
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         validity
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         all
                                                                                                                                                                                                                         rights
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         liabilities
                                                                                                                                                                                                                         hereunder
                                                                                                                                                                                                                         shall
                                                                                                                                                                                                                         be
                                                                                                                                                                                                                         determined
                                                                                                                                                                                                                         under
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         laws
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         said
                                                                                                                                                                                                                         State.
                                                                                                                                                                                                                         For
                                                                                                                                                                                                                         purposes
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         proceeding
                                                                                                                                                                                                                         involving
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         obligations
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         undersigned,
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         undersigned
                                                                                                                                                                                                                         hereby
                                                                                                                                                                                                                         submits
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         non-exclusive
                                                                                                                                                                                                                         jurisdiction
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         courts
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         State
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         Nevada
                                                                                                                                                                                                                         having
                                                                                                                                                                                                                         jurisdiction
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         State
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         Nevada,
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         agrees
                                                                                                                                                                                                                         not
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         raise
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         waives
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         objection
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         defense
                                                                                                                                                                                                                         based
                                                                                                                                                                                                                         upon
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         venue
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         such
                                                                                                                                                                                                                         court
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         based
                                                                                                                                                                                                                         upon
                                                                                                                                                                                                                         forum
                                                                                                                                                                                                                         non
                                                                                                                                                                                                                         conveniens.
                                                                                                                                                                                                                         The
                                                                                                                                                                                                                         undersigned
                                                                                                                                                                                                                         agrees
                                                                                                                                                                                                                         not
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         bring
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         action
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         other
                                                                                                                                                                                                                         proceeding
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         respect
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         respect
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         its
                                                                                                                                                                                                                         obligations
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         other
                                                                                                                                                                                                                         court
                                                                                                                                                                                                                         unless
                                                                                                                                                                                                                         such
                                                                                                                                                                                                                         courts
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         State
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         Nevada
                                                                                                                                                                                                                         determine
                                                                                                                                                                                                                         that
                                                                                                                                                                                                                         they
                                                                                                                                                                                                                         do
                                                                                                                                                                                                                         not
                                                                                                                                                                                                                         have
                                                                                                                                                                                                                         jurisdiction
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         matter.

 

		d.	The
                                                                                                                                                                                                                         terms
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         shall
                                                                                                                                                                                                                         inure
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         benefit
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         bind
                                                                                                                                                                                                                         Maker
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         Holder
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         their
                                                                                                                                                                                                                         respective
                                                                                                                                                                                                                         heirs,
                                                                                                                                                                                                                         legal
                                                                                                                                                                                                                         representatives
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         successors
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         assigns.

 

		e.	Time
                                                                                                                                                                                                                         is
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         essence
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         respect
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         all
                                                                                                                                                                                                                         matters
                                                                                                                                                                                                                         set
                                                                                                                                                                                                                         forth
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note.

 

		f.	If
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         is
                                                                                                                                                                                                                         destroyed,
                                                                                                                                                                                                                         lost
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         stolen,
                                                                                                                                                                                                                         Maker
                                                                                                                                                                                                                         will
                                                                                                                                                                                                                         deliver
                                                                                                                                                                                                                         a
                                                                                                                                                                                                                         new
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         Holder
                                                                                                                                                                                                                         on
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         same
                                                                                                                                                                                                                         terms
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         conditions
                                                                                                                                                                                                                         as
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note,
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         a
                                                                                                                                                                                                                         notation
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         unpaid
                                                                                                                                                                                                                         principal
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         accrued
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         unpaid
                                                                                                                                                                                                                         interest
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         substitution
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         prior
                                                                                                                                                                                                                         Note.
                                                                                                                                                                                                                         Holder
                                                                                                                                                                                                                         shall
                                                                                                                                                                                                                         furnish
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         Maker
                                                                                                                                                                                                                         reasonable
                                                                                                                                                                                                                         evidence
                                                                                                                                                                                                                         that
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         was
                                                                                                                                                                                                                         destroyed,
                                                                                                                                                                                                                         lost
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         stolen
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         security
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         indemnity
                                                                                                                                                                                                                         that
                                                                                                                                                                                                                         may
                                                                                                                                                                                                                         be
                                                                                                                                                                                                                         reasonably
                                                                                                                                                                                                                         required
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         Maker
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         connection
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         replacement
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note.
                                                                                                                                                                                                                         

 

    	 

    	 

    

 

		g.	All
                                                                                                                                                                                                                         payments
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         principal
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         interest
                                                                                                                                                                                                                         shall
                                                                                                                                                                                                                         be
                                                                                                                                                                                                                         made
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         lawful
                                                                                                                                                                                                                         currency
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         United
                                                                                                                                                                                                                         States
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         America
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         Holder
                                                                                                                                                                                                                         at
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         address
                                                                                                                                                                                                                         shown
                                                                                                                                                                                                                         above
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         a
                                                                                                                                                                                                                         different
                                                                                                                                                                                                                         location
                                                                                                                                                                                                                         upon
                                                                                                                                                                                                                         receipt
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         written
                                                                                                                                                                                                                         notice
                                                                                                                                                                                                                         from
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         Holder.

 

		h.	The
                                                                                                                                                                                                                         Maker
                                                                                                                                                                                                                         agrees
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         pay
                                                                                                                                                                                                                         on
                                                                                                                                                                                                                         demand
                                                                                                                                                                                                                         (i)
                                                                                                                                                                                                                         all
                                                                                                                                                                                                                         expenses
                                                                                                                                                                                                                         (including,
                                                                                                                                                                                                                         without
                                                                                                                                                                                                                         limitation,
                                                                                                                                                                                                                         legal
                                                                                                                                                                                                                         fees
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         disbursements)
                                                                                                                                                                                                                         incurred
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         connection
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         negotiation
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         preparation
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         documents
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         connection
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note,
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         (ii)
                                                                                                                                                                                                                         all
                                                                                                                                                                                                                         expenses
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         collecting
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         enforcing
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         guarantee
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         collateral
                                                                                                                                                                                                                         securing
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note,
                                                                                                                                                                                                                         including,
                                                                                                                                                                                                                         without
                                                                                                                                                                                                                         limitation,
                                                                                                                                                                                                                         expenses
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         fees
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         legal
                                                                                                                                                                                                                         counsel,
                                                                                                                                                                                                                         court
                                                                                                                                                                                                                         costs
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         cost
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         appellate
                                                                                                                                                                                                                         proceedings.

 

		i.	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.

 

		j.	This
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         may
                                                                                                                                                                                                                         not
                                                                                                                                                                                                                         be
                                                                                                                                                                                                                         amended
                                                                                                                                                                                                                         without
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         written
                                                                                                                                                                                                                         approval
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         Holder.

 

		k.	None
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         parties
                                                                                                                                                                                                                         hereto
                                                                                                                                                                                                                         will
                                                                                                                                                                                                                         hereafter
                                                                                                                                                                                                                         enter
                                                                                                                                                                                                                         into
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         agreement,
                                                                                                                                                                                                                         which
                                                                                                                                                                                                                         is
                                                                                                                                                                                                                         inconsistent
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         rights
                                                                                                                                                                                                                         granted
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         parties
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note.

		l.	Nothing
                                                                                                                                                                                                                         herein
                                                                                                                                                                                                                         expressed
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         implied
                                                                                                                                                                                                                         is
                                                                                                                                                                                                                         intended
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         shall
                                                                                                                                                                                                                         be
                                                                                                                                                                                                                         construed
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         confer
                                                                                                                                                                                                                         upon
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         give
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         person
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         entity,
                                                                                                                                                                                                                         other
                                                                                                                                                                                                                         than
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         parties
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         their
                                                                                                                                                                                                                         respective
                                                                                                                                                                                                                         permitted
                                                                                                                                                                                                                         successor
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         assigns,
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         rights
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         remedies
                                                                                                                                                                                                                         under
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         reason
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         Note.

 

		m.	As
                                                                                                                                                                                                                         a
                                                                                                                                                                                                                         material
                                                                                                                                                                                                                         inducement
                                                                                                                                                                                                                         for
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         Holder
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         loan
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         Maker
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         monies
                                                                                                                                                                                                                         hereunder,
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         Maker
                                                                                                                                                                                                                         hereby
                                                                                                                                                                                                                         waives
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         right
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         trial
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         jury
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         legal
                                                                                                                                                                                                                         proceeding
                                                                                                                                                                                                                         related
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         way
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         agreement
                                                                                                                                                                                                                         and/or
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         all
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         other
                                                                                                                                                                                                                         documents
                                                                                                                                                                                                                         associated
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         this
                                                                                                                                                                                                                         transaction.

		n.	This
                                                                                                                                                                                                                         Note
                                                                                                                                                                                                                         (including
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         recitals
                                                                                                                                                                                                                         hereto)
                                                                                                                                                                                                                         set
                                                                                                                                                                                                                         forth
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         entire
                                                                                                                                                                                                                         understanding
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         parties
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         respect
                                                                                                                                                                                                                         to
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         subject
                                                                                                                                                                                                                         matter
                                                                                                                                                                                                                         hereof,
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         shall
                                                                                                                                                                                                                         not
                                                                                                                                                                                                                         be
                                                                                                                                                                                                                         modified
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         affected
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         offer,
                                                                                                                                                                                                                         proposal,
                                                                                                                                                                                                                         statement
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         representation,
                                                                                                                                                                                                                         oral
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         written,
                                                                                                                                                                                                                         made
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         or
                                                                                                                                                                                                                         for
                                                                                                                                                                                                                         any
                                                                                                                                                                                                                         party
                                                                                                                                                                                                                         in
                                                                                                                                                                                                                         connection
                                                                                                                                                                                                                         with
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         negotiation
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         terms
                                                                                                                                                                                                                         hereof,
                                                                                                                                                                                                                         and
                                                                                                                                                                                                                         may
                                                                                                                                                                                                                         be
                                                                                                                                                                                                                         modified
                                                                                                                                                                                                                         only
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         instruments
                                                                                                                                                                                                                         signed
                                                                                                                                                                                                                         by
                                                                                                                                                                                                                         all
                                                                                                                                                                                                                         of
                                                                                                                                                                                                                         the
                                                                                                                                                                                                                         parties
                                                                                                                                                                                                                         hereto.

 

[REMAINDER
OF PAGE INTENTIONALY LEFT BLANK]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, this Savvy Business Support, Inc. Promissory Note is executed by the undersigned as of the date set forth
above.

 

	 	NOTE MAKER:
	 	 	 
	 	Savvy Business Support, Inc.
	 	 	 
	 	By:	/s/ Virginia K. Sourlis, Esq.
	 	Name:	 Virginia
K Sourlis
	 	Title:	
CEO

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