Document:

Exhibit 10.1
                                                                    ------------

                  TERMINATION, SETTLEMENT AND RELEASE AGREEMENT

     THIS TERMINATION,  SETTLEMENT AND RELEASE  AGREEMENT (this  "Agreement") is
made as of November  30, 2005 by and between GSV,  Inc., a Delaware  corporation
("GSV"),   and  116  Newark  Avenue   Corporation,   a  New  Jersey  corporation
("Landlord") (hereinafter individually a "Party," and together the "Parties").

                                   Background:

     A. GSV and Landlord are parties to that certain Lease  Agreement dated June
11, 1998 (the "Lease")  pertaining to the third floor of the building located at
116-120 Newark Avenue, Jersey City, New Jersey (the "Premises").

     B. The term of the Lease continues until December 31, 2008.

     C. In June 2001,  with  Landlord's  consent,  GSV sublet  the  Premises  to
Nekema.com for the remainder of the term of the Lease.  The rent on the sublease
was guaranteed by Lumbermens  Mutual Casualty  Company,  d/b/a Kemper  Insurance
Company ("Kemper"), until May 2003. In September 2002 Nekema.com ceased business
operations  and defaulted on the sublease.  Kemper made all payments of rent due
under the sublease  through May 2003.  GSV ceased  paying the rent due under the
Lease in July 2003.  The accrued rent due under the Lease as of the date of this
Agreement is $356,249.04.

     D.  Landlord  represents  that it  presently  owns the Premises and has not
assigned any of its rights under the Lease to any other person or entity.

     E. The Parties desire to reflect their agreement as to certain matters, and
to  settle  and  compromise  certain  claims  in  connection  with the terms and
conditions set forth below.

     NOW,  THEREFORE,  for  and in  consideration  of the  agreements  contained
herein, the adequacy and receipt of which are hereby  acknowledged,  the Parties
hereby agrees as follows:

        1.  Termination  of  Lease.  The  Parties  hereby  agree  that the Lease
is terminated,  effective as of the date of this  Agreement,  and that except as
set forth herein all rights and  obligations  of the Parties under the Lease are
of no further  force or effect.  GSV further  agrees that as of the date of this
Agreement it has vacated the Premises,  removed all equipment and goods or other
property belonging to GSV, and left the Premises in broom clean condition. As of
the date of this Agreement, all equipment, fixtures, goods or other property not
removed by GSV shall be deemed abandoned, and the Landlord shall have the right,
without any notice,  to sell or otherwise  dispose of the same at the expense of
GSV,  and shall not be  accountable  to GSV for any part of the proceeds of such
sale, if any. Upon execution and delivery of this
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Agreement,  the  Landlord  shall  have the right to remove all  persons,  goods,
fixtures and chattel from the Premises,  without notice,  without  liability for
damages at GSV's  cost.  Notwithstanding  any other  provision  to the  contrary
contained in this Agreement,  any and all indemnity obligations of GSV contained
in Article  8th of the Lease  shall  continue  in full force and effect from and
after the date hereof.

        2. Payments to Landlord. In full satisfaction of all amounts payable by
GSV to  Landlord  pursuant  to the  Lease,  in full  settlement  of all  issues,
disputes, controversies or claims between GSV and Landlord, and in consideration
of Landlord's release of GSV contained in this Agreement, GSV agrees that:

               (a) Cash.  GSV shall pay Landlord a cash  payment of $70,000,  of
          which $50,000 shall be paid on the date of execution of this Agreement
          and the balance of $20,000 will be paid one month thereafter.

               (b)  Security  Deposit.  GSV  hereby  releases  any  claim to the
          security  deposit  previously  given to  Landlord  by GSV  pursuant to
          Article  13th  of the  Lease,  which  shall  become  the  property  of
          Landlord.

               (c) Note. Upon execution of this Agreement,  GSV shall deliver to
          Landlord  a  promissory  note in the form of  Exhibit  A hereto in the
          principal  amount of $356,249.04  (the "Note"),  dated the date hereof
          and executed by GSV. The Note shall mature 24 months after the date of
          execution of this  Agreement and shall bear interest at the rate of 7%
          per annum.  All principal  and interest  shall be due and payable upon
          maturity of the Note. Payment and performance of all obligations under
          the  Note  shall  be   guaranteed   by  Polystick   U.S.   Corporation
          ("Polystick")  in the form of Exhibit B hereto  (the  "Guaranty")  and
          secured by the Pledge  Agreement of Polystick in the form of Exhibit C
          hereto  (the  "Pledge  Agreement"),  each  dated the date  hereof  and
          executed by Polystick and delivered to Landlord.

               (d)  Shares.  Upon the  execution  of this  Agreement,  GSV shall
          deliver to Landlord 200,000 shares of Series C Preferred Stock,  $.001
          par value ("Series C Preferred Stock"),  of GSV (the "Shares"),  which
          shall have a liquidation preference over GSV's common stock, par value
          $.001 per share  ("Common  Stock"),  equal to $1 per share of Series C
          Preferred Stock and shall be convertible at the election of the holder
          into  shares of  Common  Stock  initially  at the rate of one share of
          Common  Stock for each share of Series C Preferred  Stock,  all as set
          forth in the form of  Certificate of  Designation  attached  hereto as
          Exhibit D hereto,  which shall have been filed with the  Secretary  of
          State  of  Delaware  on or  prior  to the  date of  execution  of this
          Agreement (this Agreement,  together with the Note, the Guaranty,  the
          Pledge  Agreement and such  Certificate of  Designation,  referred to,
          collectively,  as the  "Settlement  Documents");  provided  that  as a
          condition  to

                                      -2-
<PAGE>

          GSV's  obligation  to deliver the Note and the Shares  Landlord  shall
          have  executed  and  delivered  to  GSV an  investment  representation
          certificate  in  the  form  of  Exhibit  E  hereto  (the   "Investment
          Representation Certificate").

               (e) Legal Fees.  Upon the  execution of this  Agreement GSV shall
          reimburse  the legal  fees and costs of  Landlord  up to a maximum  of
          $10,000.

        3. Releases.

        (a) Upon execution of this  Agreement and  Landlord's  receipt of the
items set forth in Section 2 to be delivered at the  execution,  subject only to
the further  delivery of $20,000 as provided in Section  2(a),  Landlord  hereby
fully  releases and forever  discharges  GSV,  its direct and indirect  parents,
subsidiaries and affiliates, together with their respective officers, directors,
partners,  shareholders,  employees and agents (collectively,  the "GSV Group"),
from and against any and all actions, causes of action,  lawsuits,  liabilities,
claims,  demands,  damages,  expenses,  loss of  compensation,  liabilities  and
obligations of any nature  whatsoever,  whether known or not known,  and whether
now existing, that it may now or hereafter have or claim to have against the GSV
Group or any member  thereof,  for, upon, or by reason of any matter,  event, or
cause of any kind,  arising  out of or related to the Lease,  including  but not
limited to claims of breach of contract, defamation, libel or slander; provided,
however,  that such release and discharge  shall not operate with respect to the
provisions of the Settlement Documents, or any of them.

        (b) Upon  execution  of this  Agreement,  GSV  hereby  fully  releases
and discharges  Landlord and its direct and indirect  parents,  subsidiaries and
affiliates,  together  with  their  respective  officers,  directors,  partners,
shareholders, employees and agents (collectively, the "Landlord Group") from and
against any and all actions, causes of action,  lawsuits,  liabilities,  claims,
demands, damages, expenses, loss of compensation, liabilities and obligations of
any nature  whatsoever,  whether  known or not known,  and whether now existing,
that it may now or hereafter have or claim to have against the Landlord Group or
any member  thereof,  for, upon, or by reason of any matter,  event, or cause of
any kind,  arising out of or related to the Lease,  including but not limited to
claims of breach of contract,  defamation,  libel or slander; provided, however,
that such release and discharge shall not operate with respect to the provisions
of the Settlement Documents, or any of them.

        (c)  It is  expressly  agreed  that  this  Agreement  is a full  and
final settlement,  release,  discharge of and from any and all claims,  actions,
demands, damages, causes of action, held or possessed by the Parties, in any way
related to the Lease, subject to the terms and conditions hereof.

        4. No Admission of Liability. It is further understood and agreed that
this  Agreement  is entered into in full,  final,  and  complete  compromise  of
disputed  claims and causes of action as aforesaid and is not to be construed as
an  admission  of  liability or waiver of any

                                      -3-
<PAGE>
defenses and that the Parties have  expressly  denied any and all  liability and
negligence  and  expressly  reserved any and all rights to any and all available
defenses of any nature whatsoever.

        5.  Governing  Law. This  Agreement will be construed and interpreted in
accordance  with the laws of the State of New Jersey,  without  giving effect to
the choice or conflict of law principles thereof.

        6. Entire  Agreement. This Agreement represents the entire understanding
between the Parties with respect to the subject  matter  contained  herein,  and
supersedes  all prior  written or oral  understandings  or  representations.  No
modification,  amendment or waiver of any terms or conditions of this  Agreement
will be effective unless made in a writing dated subsequently  hereto and signed
by the Parties.

        7.  Representations. (a) Each of the Parties acknowledges and represents
that  (i)  they  are  represented  by  legal  counsel  in  connection  with  the
consideration and execution of this Agreement, (ii) in executing this Agreement,
the Party has relied solely upon the Party's own judgment, belief and knowledge,
and the advice and  recommendation  of the  Party's own  independently  selected
legal counsel  concerning the nature,  extent and duration of the Party's rights
and  claims,  (iii)  that  the  Party  has not  been  influenced  to any  extent
whatsoever in executing this Agreement by any  representations or statements not
expressly  contained  or referred to herein,  (iv) such Party is  authorized  to
enter into this Agreement,  all authorizations (if any) necessary for such Party
to enter into this Agreement  have been  obtained,  and such Party hereby waives
any claim that this Agreement is  unenforceable  by virtue of lack of authority,
lack of execution formalities or otherwise,  and (v) none of the claims that are
the  subject of this  Agreement  have been  previously  assigned  by such Party.
Landlord  represents  that it has not filed or permitted to be filed against GSV
or any of its  affiliates,  individually  or  collectively,  any lawsuits and he
covenants and agrees that it will not do so at any time  hereafter  with respect
to the subject matter of this  Agreement,  except as may be necessary to enforce
the Settlement  Documents,  or any of them. GSV represents that it has not filed
or permitted to be filed  against  Landlord any lawsuits and GSV  covenants  and
agrees that it will not do so at any time  hereafter with respect to the subject
matter of this  Agreement,  except as may be necessary to enforce the Settlement
Documents, or any of them.

        (b) GSV further represents and warrants to Landlord that: (i) GSV is
duly  organized,  validly  existing and in good  standing  under the laws of the
State of Delaware;  (ii) the  execution  and  delivery by GSV of the  Settlement
Documents to which it is a party,  and the performance by GSV of its obligations
thereunder, including, without limitation, the issuance of the Shares, have been
duly authorized by all necessary corporate action, and GSV has contemporaneously
herewith delivered to Landlord  certificated  copies of resolutions duly adopted
by its board of  directors,  which  remain in full force and effect,  and of its
certificate  of  incorporation  and  by-laws,  as  amended  to date;  (iii)  the
Settlement  Documents  to which it is a party  constitute  the valid and legally
binding  obligations  of GSV  enforceable  against GSV in accordance  with their
respective  terms;  (iv) neither the  execution  and delivery of the  Settlement
Documents  to which  it

                                      -4-
<PAGE>
is a party, nor the consummation of the transactions  contemplated thereby, will
violate any provision of the certificate of  incorporation or by-laws of GSV, or
any law, rule, regulation, writ, judgment,  injunction,  decree or determination
or other order of any court,  government or governmental  agency or binding upon
GSV or  conflict  with or breach any  contract  or  agreement  to which GSV is a
party;  (v) the authorized  capital stock of GSV consists of 1,500,000 shares of
Series B Preferred  Stock,  $.001 par value, all of which are validly issued and
outstanding,  fully paid and  non-assessable,  and  75,000,000  shares of Common
Stock,  7,472,703  of which,  as of the date  hereof,  are  validly  issued  and
outstanding, fully paid and non-assessable,  no other shares of capital stock of
GSV are  authorized,  issued or  outstanding,  and  there are no  subscriptions,
warrants,  options, calls,  commitments by or agreements or other obligations to
which GSV is bound relating to the issuance or purchase of any shares of capital
stock other than this  Agreement,  or as  identified  in the SEC  Documents  (as
hereinafter defined); (vi) upon issuance pursuant to this Agreement,  the Shares
will be validly issued,  fully-paid and non-assessable,  free of any pre-emptive
rights or other charge or  encumbrance,  GSV has duly reserved for issuance from
the  authorized and unissued  Common Stock such number of shares  sufficient for
issuance  upon  conversion of the Shares,  and,  upon  issuance  pursuant to the
foregoing  Certificate  of  Designation,  such  shares of Common  Stock  will be
validly issued, fully-paid and non-assessable,  free of any preemptive rights or
other  charge  or  encumbrance;   (vii)  assuming  the  accuracy  of  Landlord's
representations  contained in the  Investment  Representation  Certificate,  the
issuance of the Shares,  and the issuance of the shares of Common Stock issuable
upon  conversion of the Shares,  are exempt from the  registration  requirements
under the Securities Act of 1933, as amended (the "Securities  Act"); and (viii)
GSV's most recent Annual Report on Form 10-KSB and its Quarterly  Report on Form
10-QSB, each as filed with the Securities and Exchange Commission (collectively,
the "SEC Documents"), do not contain any untrue statement of a material fact nor
omit to state a material fact required to be stated therein or necessary to make
the  statements  therein,  in light of the  circumstances  under which they were
made, not misleading.

        8.  Attorneys'  Fees.  In the event of a breach of Section  2(a) of this
Agreement  by  GSV,  Landlord  shall  be  entitled  to  recovery  of  all of its
reasonable  attorneys'  fees and costs in collecting the amounts owed thereunder
and enforcing its rights thereunder.

        9. Jurisdiction.  The parties agree that the exclusive jurisdiction for
all disputes  arising out of this  Agreement  are the Courts of the State of New
Jersey or the Federal Courts located in the State of New Jersey.

        10. Registration Rights.

        (a)  Landlord  shall from time to time have the right to include all of
the shares of Common Stock issued or issuable upon conversion of the Shares and,
in the event the Landlord  exercises  its rights  under  Section 6 of the Pledge
Agreement,  all of the shares of Common Stock issued or issuable upon conversion
of the Pledged Shares (as defined therein)(the "Registrable Securities") as part
of a  registration  statement  (the  "Registration  Statement")  filed by GSV in

                                      -5-
<PAGE>
connection  with any public offering of its securities  (excluding  registration
statements on Forms S-4 and S-8).

        (b) GSV shall give Landlord notice of such a proposed registration at
least 20 days prior to the filing of a  Registration  Statement.  At the written
request of  Landlord,  delivered  to GSV within 10 days after the receipt of the
notice from GSV, which request shall state the number of Registrable  Securities
that Landlord  wishes to sell or  distribute  publicly  under such  Registration
Statement  proposed  to be filed  by GSV,  GSV  shall  include  the  Registrable
Securities in the Registration Statement.

        (c) With respect to the Registration  Statement prepared and filed
pursuant to this  Section,  and the inclusion of  Registrable  Securities in the
Registration  Statement pursuant to this Section 8, all fees, costs and expenses
of registration  shall be borne by GSV,  including all registration,  filing and
other fees payable to any securities  exchange or automated  quotation system on
which GSV's  securities are or will be listed (an  "Exchange")  and the National
Association  of  Securities   Dealers,   Inc.;   printing  expenses,   fees  and
disbursements   of  counsel  and   accountants  for  GSV;  all  legal  fees  and
disbursements  and other expenses of complying with state securities or blue sky
laws of any  jurisdictions  in which  the  securities  to be  offered  are to be
registered  and qualified.  All sales  commissions,  underwriting  discounts and
similar payments will be borne by the selling shareholders.

        (d)  If  the  Registration  Statement  is  filed  in  connection with an
underwritten  secondary  registration  on  behalf  of  security  holders  having
contractual registration rights that exist on the date hereof ("Other Holders"),
and the  managing  underwriters  advise GSV in writing  that in their good faith
opinion the number of securities  requested to be included in such  Registration
Statement exceeds the number that can be sold in such offering, GSV will include
in such  Registration  Statement (i) first, the securities of such Other Holders
requesting such registration  pursuant to demand  registration  rights, pro rata
among such Other Holders,  (ii) second,  Registrable  Securities requested to be
included in such Registration  Statement and such other securities  requested to
be included in such registration  statement by security holders other than Other
Holders on whose  behalf  such  registration  statement  is being filed who have
contractual  registration  rights  that  existed  on the date of this  Agreement
("Additional  Holders"),  pro rata among Landlord and such Additional Holders on
the  basis of the  number  of  Registrable  Securities  of  Landlord  and  other
securities  of  such  Additional  Holders  requested  to  be  included  in  such
Registration  Statement,  and (iii)  third,  other  securities  requested  to be
included in such Registration Statement.

        (e) GSV will keep Landlord  advised in writing as to the  initiation of
the registration and as to the completion thereof. At its expense, GSV will:

               (i) Keep such registration  effective for a period of twelve (12)
        months;

                                      -6-
<PAGE>
               (ii)  Hold  in confidence  and  not  make  any   disclosure  of
        information  concerning Landlord provided to GSV unless (i) disclosure
        of such  information  is  necessary  to comply  with  federal or state
        securities  laws or with  legitimate  rules  or  orders  of any  stock
        exchange or similar body,  (ii) the disclosure of such  information is
        necessary  to avoid or  correct  a  misstatement  or  omission  in the
        Registration  Statement,  (iii) the  release  of such  information  is
        ordered  pursuant  to a  subpoena  or  other  order  from a  court  or
        governmental  body of competent  jurisdiction or (iv) such information
        has  been  made  generally  available  to the  public  other  than  by
        disclosure  in violation  of this or any other  agreement;  and,  upon
        learning that disclosure of such  information  concerning  Landlord is
        sought in or by a court or governmental body of competent jurisdiction
        or through  other means,  give prompt  notice to Landlord  and, at the
        expense  of  Landlord,   undertake   appropriate   action  to  prevent
        disclosure of, or to obtain a protective order for, such information;

               (iii) Use its  commercially reasonable efforts to  register  or
        qualify  the  Registrable  Securities  covered  by  such  Registration
        Statement under the securities or blue sky laws of such  jurisdictions
        as Landlord shall reasonably  request  (provided that GSV shall not be
        required in connection  therewith or as a condition thereto to qualify
        to do business  or to file a general  consent to service of process in
        any such jurisdiction where it has not been qualified); and

               (iv) Keep such registration or  qualification  in effect for as
        long as such Registration  Statement remains in effect, and do any and
        all other acts or things which may be necessary or advisable to enable
        Landlord to  consummate  the public sale or other  disposition  of the
        Registrable Securities in such jurisdictions.

        (f) GSV shall have no obligation under this Section 10 to make any
offering of its securities, or to complete an offering of its securities that it
proposes to make or to complete the  registration of any Registrable  Securities
if it does not complete the offering of the  securities it proposes to make, and
shall incur no liability to Landlord for its failure to do so.

        (g) It shall be a condition precedent to the obligations of GSV to take
any  action  pursuant  to  this  Section  10  with  respect  to the  Registrable
Securities that Landlord shall furnish to GSV such information regarding itself,
the  Registrable  Securities held by it, and the intended method of distribution
of such securities as shall reasonably be required to effect the registration of
Landlord's  Registrable  Securities.  In the event of any such  registration  of
Registrable   Securities,   GSV  and  the   Landlord   shall   enter  into  such
indemnification and contribution  arrangements as are customary for transactions
of that nature.

        11.  Miscellaneous.  Except in connection with any legal proceeding
between  the  Parties  hereto  relating to the  enforcement  of this  Agreement,
neither Party will at any time make any disparaging  statement in respect of the
other Party that is likely to come to the  attention  of

                                      -7-

<PAGE>
any member of the media or any  employee,  client or vendor of GSV,  Landlord or
any of their respective affiliates.

        12. Notices and Addresses. All notices,  offers,  acceptances and any
other acts under this Agreement  shall be in writing,  and shall be sufficiently
given if delivered to the addressee in person,  by overnight  courier service or
similar receipted delivery,  or, if mailed,  postage prepaid, by certified mail,
return receipt requested, as follows:

                To Landlord:            116 Newark Avenue Corporation
                                        30 Montgomery Street
                                        Jersey City, New Jersey 07302
                                        Attn.:  Frank J. Guarini

                With a copy to:         McCarter & English, LLP
                                        Four Gateway Center
                                        100 Mulberry Street
                                        Newark, New Jersey 07102
                                        Attn: Howard Kailes, Esq.

                To GSV:                 GSV, Inc.
                                        191 Post Road West
                                        Westport, Connecticut 06880
                                        Attn: Gilad Gat, President

                With a copy to:         Davis & Gilbert LLP
                                        1740 Broadway
                                        New York, New York 10019
                                        Attn:    Ralph W. Norton, Esq.

        13. Survival of Representations. Each representation and warranty
contained  herein shall survive the execution and delivery of this Agreement for
a period of one year from the date hereof.

        14. Benefits. This Agreement shall be binding upon and inure to the
benefit of the Parties and their respective successors and assigns.

        15.  Execution in  Counterparts.  This  Agreement may be executed in one
or more  counterparts,  each of  which  shall  be an  original  and all of which
together shall constitute one and the same instrument.

                                      -8-
<PAGE>
     IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date
first written above.

                                        GSV, INC.

                                        By: /s/ Gilad Gat
                                            -------------
                                            Name:  Gilad Gat
                                            Title: Chief Executive Officer
                                                   (Principal Executive Officer)

                                        116 NEWARK AVENUE CORPORATION

                                        By: /s/ Carol Maurer
                                            ----------------
                                            Name:  Carol Maurer
                                            Title: President

                                      -9-Exhibit 10.2
                                                                    ------------

                                    GSV, INC.
                                 PROMISSORY NOTE

THIS NOTE HAS NOT BEEN  REGISTERED  UNDER THE UNITED  STATES  SECURITIES  ACT OF
1933, AS AMENDED,  OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD OR OTHERWISE
TRANSFERRED  WITHOUT AN EFFECTIVE  REGISTRATION  STATEMENT RELATED THERETO OR AN
OPINION OF COUNSEL IN A FORM  REASONABLY  SATISFACTORY  TO THE ISSUER  THAT SUCH
REGISTRATION IS NOT REQUIRED UNDER SUCH ACT AND LAWS.

                                                         As of November 30, 2005

     FOR VALUE RECEIVED, GSV, INC., a Delaware corporation ("Company"), with its
principal  office at 191 Post Road West,  Westport,  Connecticut  06880,  hereby
promises  to pay to the order of 116  Newark  Avenue  Corporation,  a New Jersey
corporation  ("Holder"),  with its  principal  office at 30  Montgomery  Street,
Jersey  City,  New Jersey 07302 (the  "Holder's  Office"),  or its  assigns,  on
November 29, 2007 (the "Maturity  Date"),  the principal amount of Three Hundred
Fifty-Six Thousand Two Hundred  Forty-Nine Dollars and Four Cents  ($356,249.04)
(the  "Principal  Amount"),  in such coin or  currency  of the United  States of
America  as at the time of  payment  shall be legal  tender  for the  payment of
public or private  debts,  together with interest on the unpaid  balance of said
Principal Amount from time to time outstanding at the rate of seven percent (7%)
per annum  ("Interest").  The unpaid  Principal  Amount,  together with the then
accrued unpaid Interest and all other amounts owed  hereunder,  shall be due and
payable on the  Maturity  Date.  Payment of the  Principal  Amount and  Interest
hereunder  shall be made by certified check to the Holder at the Holder's office
or wire transfer of immediately available good funds to such bank account as the
Holder may designate by notice to the Company prior to any such payment.

     This Note is subject to prepayment in whole or in part at any time and from
time to time without penalty or premium, but with Interest on the amount prepaid
to the  date of  prepayment.  All  prepayments  will  first  be  applied  to the
repayment of accrued fees and  expenses,  then to Interest  accrued on this Note
through the date of such prepayment until all then outstanding  accrued Interest
has been  paid,  and then shall be applied  to the  repayment  of the  Principal
Amount.

     1. Default.

        1.1 Events of Default.  Upon the occurrence of any of the following
events (herein "Events of Default"):

        (i) The Company shall fail to pay the Principal Amount and Interest on
     the Maturity Date;

        (ii) if this Note or any Collateral Document (as hereinafter defined)
     shall cease to be enforceable in accordance with its terms;

        (ii) (A) The Company  shall  commence any  proceeding  or other action
     relating  to  it  in  bankruptcy  or  seek   reorganization,   arrangement,
     readjustment  of  its  debts,   receivership,   dissolution,   liquidation,
     winding-up,  composition or any other relief under any  bankruptcy

<PAGE>
     law,   or  under  any  other   insolvency,   reorganization,   liquidation,
     dissolution,  arrangement,  composition,  readjustment of debt or any other
     similar  act or law,  of any  jurisdiction,  domestic  or  foreign,  now or
     hereafter  existing;  or (B) the Company or any Subsidiary  shall admit the
     material  allegations  of any petition or pleading in  connection  with any
     such  proceeding;  or (C) the Company or any Subsidiary shall apply for, or
     consent  or  acquiesce  to, the  appointment  of a  receiver,  conservator,
     trustee or similar  officer for it or for all or a substantial  part of its
     property or admit  generally  an  inability to pay its debts as they become
     due; or (D) the Company or any Subsidiary  shall make a general  assignment
     for the benefit of creditors;

        (iii) (A) The  commencement  of any  proceedings  or the taking of any
     other action  against the Company in bankruptcy or seeking  reorganization,
     arrangement,   readjustment   of  its  debts,   liquidation,   dissolution,
     arrangement,  composition,  or any other relief under any bankruptcy law or
     any other similar act or law of any jurisdiction,  domestic or foreign, now
     or hereafter  existing and the  continuance of any of such event for thirty
     (30) days undismissed,  unbonded or undischarged; or (B) the appointment of
     a receiver, conservator, trustee or similar officer for the Company for any
     of its  property and the  continuance  of any of such event for thirty (30)
     days  undismissed,  unbonded  or  undischarged;  or (C) the  issuance  of a
     warrant of  attachment,  execution  or similar  process  against any of the
     property of the Company and the  continuance  of such event for thirty (30)
     days undismissed, unbonded and undischarged;

        (iv) Any of the  Company's  representations  or  warranties  contained
     herein or in the Termination,  Settlement and Release Agreement dated as of
     the date hereof (the "Termination  Agreement")  between the Company and the
     Holder,  or any  representation  or warranty  contained  in any  Collateral
     Document, is false or misleading in any material respect; or

        (v) The  Company  shall  breach  or fail to  perform  or  observe  any
     obligation,  covenant,  term,  condition,  provision  or  agreement  of the
     Company  contained  in  this  Note  or the  Termination  Agreement,  or any
     Collateral   Document,   after  giving  effect  to  any  applicable  notice
     provisions  and cure  periods;  provided,  however,  that with respect to a
     failure to comply with any of the provisions of Sections  2.2(a) and (c) of
     this Note,  such failure is not remedied  within twenty (20) days after the
     earlier of  Company's  receipt of written  notice of same or the  Company's
     becoming aware of such failure;

then,  and in any such  event,  the Holder,  at its option and  without  written
notice to the Company, may declare the entire Principal Amount of this Note then
outstanding  together  with any accrued  Interest  thereon  immediately  due and
payable, and the same shall forthwith become immediately due and payable without
presentment,  demand,  protest,  or other  notice of any kind,  all of which are
expressly  waived,  and  exercise  any and all other legal or  equitable  rights
resulting  therefrom.  The  Events of Default  listed  herein are solely for the
purpose of protecting the interests of the Holder of this Note.

        1.2 Enforcement; Non-Waiver and Other Remedies. (a) In the case any one
or more Events of Default shall have occurred, the Holder may proceed to protect
and  enforce  its  rights,  either  by suit in  equity  and/or by action at law,
whether for the specific  performance of any covenant or agreement  contained in
this  Note,  or any  Collateral  Document,  or to  enforce  any  other  legal or
equitable  right  thereof,  or, upon  accelerating  the required  payment of the
Principal  Amount

                                      -2-
<PAGE>
of this Note and accrued  Interest  thereon as provided  herein,  may proceed to
enforce  the  payment of all sums due upon this  Note.  In the event an Event of
Default shall have occurred and the Holder of this Note shall employ  attorneys,
or incur other  costs and  expenses  for the  collection  of payments  due or to
become  due,  or  for  the  enforcement  or  performance  or  observance  of any
obligation  or  agreement  of the  Company  under this Note,  or any  Collateral
Document,  the Company  agrees that it will pay to the  Holder,  on demand,  the
reasonable  fees of such  attorney  together  with all other  costs and  expense
incurred by Holder.

     (b) No course of  dealing,  delay or  omission on the part of the Holder of
this  Note in  exercising  any  right  hereunder  shall  operate  as a waiver or
otherwise  prejudice  the right of the Holder of this Note.  Holder shall not be
deemed to have waived any of its rights under this Note unless such waiver is in
writing  and  signed by Holder.  A waiver in  writing by Holder on one  occasion
shall not be construed as a consent to or a waiver of any right or remedy on any
future  occasion.  No remedy  conferred  hereby  shall be exclusive of any other
remedy  referred to herein or now or hereafter  available at law, in equity,  by
statute or otherwise.

     2. Obligation to Pay Principal  and Interest;  Covenants.  No provision of
this Note shall alter or impair the obligation of the Company, which is absolute
and  unconditional,  to pay the Principal Amount of and Interest on this Note at
the place,  at the  respective  times,  at the  rates,  and in the  currency  or
securities herein prescribed.

        2.1 Usury. In no event shall the amount or rate of interest due and
payable under this Note exceed the maximum amount or rate of interest allowed by
applicable  law and, in the event any such excess  payment is made by Company or
received by Holder,  such excess sum shall be credited as a payment of Principal
Amount (or if no Principal Amount remains outstanding,  shall be refunded to the
Company).  It is the express  intent  hereof that the Company  shall not pay and
Holder not receive,  directly or indirectly or in any other manner,  interest in
excess of that which may be lawfully  paid under  applicable  law.  All Interest
(including  all charges,  fees or other amounts  deemed to be Interest)  that is
paid or charged  under this Note  shall,  to the  maximum  extent  permitted  by
applicable  law,  be  amortized,  allocated  and  spread  on a  pro  rata  basis
throughout the actual term of this Note.

        2.2 Covenants.  The Company  covenants and agrees that,  while this Note
is outstanding, it shall:

            (a) Pay and discharge all taxes, assessments and governmental
charges or levies  imposed upon it or upon its income and  profits,  or upon any
properties  belonging  to it  before  the same  shall be in  default;  provided,
however, that the Company shall not be required to pay any such tax, assessment,
charge or levy that is being  contested in good faith by proper  proceedings and
adequate  reserves  for the  accrual  of same  are  maintained  if  required  by
generally accepted accounting principles;

            (b) Preserve its corporate  existence and continue to engage in
business of the same general type as conducted as of the date hereof; and

            (c) Comply in all respects with all  statutes,  laws,  ordinances,
orders, judgments, decrees, injunctions, rules, regulations,  permits, licenses,
authorizations and requirements  ("Requirement(s)")  of all governmental bodies,
departments,   commissions,  boards,  companies  or  associations  insuring  the
premises,  courts,  authorities,  officials, or officers, that are applicable to
the

                                      -3-
<PAGE>
Company;  except  when the failure to comply  would not have a material  adverse
effect on the Company;  provided that nothing contained herein shall prevent the
Company from  contesting  in good faith the validity or the  application  of any
Requirements.

        2.3  Consolidation,  Merger or Disposition of Assets.  Without limiting
any provision of Section 2.2(b) hereof,  the Company shall not consolidate with,
merge  into,  or sell  or  otherwise  dispose  of all or  substantially  all its
properties  as an  entirety  to,  any  person or entity  unless  such  successor
corporation shall expressly assume the due and punctual payment of the principal
of and interest on this Note  according  to its tenor,  and the due and punctual
performance  and observance of all the  covenants,  agreements and conditions of
this Note to be  performed  or  observed by the Company to the same extent as if
such  successor  corporation  had been the original maker of this Note (and such
assumption  shall,  upon the request of the Holder of this Note, be evidenced by
the  endorsing of an  appropriate  legend upon this Note,  and any Note executed
pursuant to Section 3.2 hereof after such assumption  shall,  unless executed in
the name of such corporation, have a similar legend endorsed thereon).

     3. Miscellaneous.

        3.1 Required  Consent.  The Company may not modify any of the terms of
this Note without the prior written consent of the Holder.

        3.2 Lost Documents. Upon receipt by the Company of evidence satisfactory
to it of the loss,  theft,  destruction  or  mutilation of this Note or any Note
exchanged for it, and (in the case of loss,  theft or  destruction) of indemnity
satisfactory  to it,  and upon  surrender  and  cancellation  of such  Note,  if
mutilated,  the Company will make and deliver in lieu of such Note a new Note of
like tenor and unpaid  principal amount and dated as of the original date of the
Note.

        3.3 Benefit.  This Note shall be binding  upon and inure to the benefit
of the parties hereto and their legal representatives,  successors and assigns.

        3.4 Notices and Addresses. All notices,  offers,  acceptances and any
other acts under this Note (except  payment)  shall be in writing,  and shall be
sufficiently given if delivered to the addressee in person, by overnight courier
service or  similar  receipted  delivery,  or, if mailed,  postage  prepaid,  by
certified mail, return receipt requested, as follows:

        To the Holder:          To the Holder's address on page 1 of this Note,
                                Attn.: Frank J. Guarini

        With a copy to:         McCarter & English, LLP
                                Four Gateway Center
                                100 Mulberry Street
                                Newark, New Jersey 07102
                                Attn: Howard Kailes, Esq.

        To the Company:         To the Company's address on page 1 of this Note,
                                Attn: Gilad Gat, President

                                      -4-
<PAGE>
        With a copy to:         Davis & Gilbert LLP
                                1740 Broadway
                                New York, New York 10019
                                Attn: Ralph W. Norton, Esq.

or to such  other  address  as any party,  by notice to the other  parties,  may
designate from time to time.  Time shall be counted to, or from, as the case may
be, the delivery in person or five business days after mailing.

        3.5 Governing Law. This Note will be deemed to have been made and
delivered  in New Jersey and will be  governed as to  validity,  interpretation,
construction, effect and in all other respects by the internal laws of the State
of New Jersey, without giving effect to the choice or conflict of law principles
thereof.

        3.6  Section  Headings.  Section  headings  herein have been  inserted
for reference only and shall not be deemed to limit or otherwise  affect, in any
matter,  or be  deemed  to  interpret  in whole  or in part any of the  terms or
provisions of this Note.

        3.7 Interpretation. Whenever possible, each provision of this Note shall
be interpreted in such manner as to be effective and valid under applicable law,
but if any  provision  of this Note  shall be  prohibited  by or  invalid  under
applicable law, such provision  shall be ineffective  only to the extent of such
prohibition or invalidity,  without invalidating the remainder of such provision
or the remaining provisions of this Note.

        3.8  Assignment.  All rights of Holder  under this Note may be  assigned
by Holder to any third party and all rights of Holder  hereunder  shall inure to
the benefit of its transferees, successors and assigns.

        3.9  Collateral  Documents. This Note is guaranteed pursuant to a
certain  Guaranty  dated  the  date  hereof  executed  to the  Holder,  and  its
successors and assigns, by Polystick U.S. Corporation,  which in turn is secured
by the provisions of a certain Pledge  Agreement  dated the date hereof executed
to the Holder and it successors and assigns by said  guarantor,  and is entitled
to the benefits thereof.  The foregoing  Guaranty Agreement and Pledge Agreement
are herein referred to as the "Collateral Documents".

        3.10 SUBMISSION TO JURISDICTION. THE COMPANY HEREBY IRREVOCABLY SUBMITS
AND  CONSENTS TO THE  EXCLUSIVE  JURISDICTION  OF THE  FEDERAL AND STATE  COURTS
LOCATED WITHIN THE STATE OF NEW JERSEY,  AND IRREVOCABLY AGREES THAT ALL ACTIONS
OR  PROCEEDINGS  RELATED  TO THIS  NOTE MAY BE  LITIGATED  IN SUCH  COURTS,  AND
UNCONDITIONALLY WAIVES ANY OBJECTION WHICH IT MAY HAVE BASED UPON IMPROPER VENUE
OR FORUM NON  CONVENIENS TO THE CONDUCT OF ANY  PROCEEDING IN ANY SUCH COURT AND
WAIVES  PERSONAL  SERVICE OF ANY AND ALL PROCESS UPON IT, AND CONSENTS  THAT ALL
SUCH SERVICE OF PROCESS BE MADE BY DELIVERY TO THE MAKER AS SET FORTH IN SECTION
8.11  HEREOF.  NOTHING  CONTAINED IN THIS SECTION 3.10 SHALL AFFECT THE RIGHT OF
THE HOLDER TO SERVE LEGAL  PROCESS IN ANY OTHER  MANNER  PERMITTED  BY LAW OR TO
ENFORCE A JUDGMENT OBTAINED IN THE COURTS OF ANY OTHER JURISDICTION.

                                      -5-
<PAGE>
        3.11 JURY TRIAL.  TO THE FULLEST EXTENT  PERMITTED BY LAW, THE MAKER
HEREBY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY ACTION  BROUGHT ON
THIS NOTE.

        IN WITNESS  WHEREOF,  this Note has been executed and delivered on the
date specified above by the duly authorized  representatives  of the Company and
the Holder.

                                        GSV, INC.

                                        By:     /s/ Gilad Gat
                                                -------------
                                                Name: Gilad Gat
                                                Title: President

                                        Accepted and Agreed:

                                        116 NEWARK AVENUE CORPORATION

                                        By: /s/ Carol Maurer
                                            -------------------------
                                            Name: Carol Maurer
                                            Title: President

                                      -6-

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