Document:

Exhibit 4.1

 

REAL
ESTATE LIEN NOTE

 

 

Note
Date:  September 28, 2018

 

Maker:  GEX
MANAGEMENT INC.

 

	Maker’s Mailing Address
    (including county:	 	12001 N. Central Expy
	 	 	Dallas, TX 75243

 

 

Payee:  SETCO
INTERNATIONAL FORWARDING CORPORATION, a Texas corporation

 

	Place for Paymnet (including
    county):	 	12409 Jupiter Road
	 	 	Dallas, TX 75218
	 	 	Dallas County, Texas

 

 

 

	Principal Amount:	$1,125,000.00	 

 

Annual Interest Rate on Unpaid
Principal from Date:  18%

 

Scheduled
Maturity Date:   October 5, 2018

 

Security
for Payment:

 

Being
a 16.84 acre tract of land situated in the Solomon Dixon Survey, Abstract No. 408, Dallas County, Texas, same being that tract
of land conveyed to Setco International Forwarding Corporation by deed recorded in Volume 95082, Page 2151, Deed Records, Dallas
County, Texas, and being more particularly described by metes and bounds as follows:

 

BEGINNING
at a 1/2 inch iron rod found for corner, said corner being the most westerly Northwest corner of that tract of land conveyed to
Dallas Power & Light Company by deed recorded in Volume 710, Page 1510, Deed Records, Dallas County, Texas, and the Southeast
corner of that tract of land conveyed to Perimeter Investments One Limited Partnership, a Texas limited partnership (Tract Two),
by deed recorded in Volume 98033, Page 1611, Deed Records, Dallas County, Texas;

 

THENCE
North 00 degrees 25 minutes 00 seconds East, along the East line of said Perimeter Investments One Limited Partnership tract,
a distance of 1181.36 feet to a 1/2 inch iron rod found for corner, said corner being the Northeast corner of said Perimeter Investments
One Limited Partnership tract and the most westerly Southwest corner of that tract of land conveyed to Dallas Power & Light
Company by deed recorded in Volume 5509, Page 446, Deed Records, Dallas County, Texas;

 

THENCE
South 53 degrees 10 minutes 07 seconds East, along the Southwest line of said Dallas Power & Light Company (5509/446) tract,
a distance of 928.84 feet to a 1/2 inch iron rod found for corner, said corner being the most easterly Northwest corner of said
Dallas Power & Light Company (710/1510) tract;

 

THENCE
South 16 degrees 24 minutes 54 seconds East, along a Southwest line of said Dallas Power & Light Company (710/1510) tract,
a distance of 650.38 feet to a 1/2 inch iron rod found for corner;

    	 	1	 

     

    

THENCE
South 89 degrees 57 minutes 35 seconds West, along the most southerly North line of said Dallas Power & Light Company
(710/1510) tract, a distance of 935.83 feet to the POINT OF BEGINNING and containing 733,494 square feet or 16.84 acres of land.

 

 

Maker
promises to pay to the order of Payee at the place for payment and according to the terms of payment the principal amount plus
interest at the rates stated above. All unpaid amounts shall be due by the final scheduled payment date.

 

Principal
and accrued interest shall be payable as follows:

 

		A.	Payments
                                         of principal and interest shall be due and payable in full on October 5, 2018.

 

		B.	All
                                         remaining unpaid principal and accrued interest shall be due on the Schedule Maturity
                                         Date set forth above, subject to earlier acceleration or maturity as provided herein
                                         and in the Deed of Trust.

 

 

If
Maker defaults in the payment of this note or
in the performance of any obligation in any instrument securing or collateral to it, and the default continues after Payee gives
Maker notice of the default and the time within which it must be cured, as may be required by law or by written agreement, then
Payee may declare the unpaid principal balance and earned interest on this note immediately due. Maker and each surety, endorser,
and guarantor waive all demands for payment, presentations for payment, notice of intention to accelerate maturity, notices of
acceleration of maturity, protests, and notices of protest, to the extent permitted by law.

 

If
this note or any instrument securing or collateral
to it is given to an attorney for collection or enforcement, or if suit is brought for collection or enforcement, or if it is
collected or enforced through probate, bankruptcy, or other judicial proceeding, then Maker shall pay Payee all costs of collection
and enforcement, including reasonable attorney's fees and court costs, in addition to other amounts due. Reasonable attorney's
fees shall be 10% of all amounts due unless either party pleads otherwise.

 

A
late fee shall be assessed of 5% of any installment not paid within 10 days of the due date.

 

Interest
on the debt evidenced by this note shall not exceed the maximum amount of nonusurious interest that may be contracted for, taken,
reserved, charged, or received under law; any interest in excess of that maximum amount shall be credited on the principal of
the debt or, if that has been paid, refunded. On any acceleration or required or permitted prepayment, any such excess shall be
canceled automatically as of the acceleration or prepayment or, if already paid, credited on the principal of the debt or, if
the principal of the debt has been paid, refunded. This provision overrides other provisions in this and all other instruments
concerning the debt.

 

Should
Makers or their successor in interest, without the consent in writing of the holder of this note, sell, transfer or convey their
interest in the above described property, then the holder of this note may declare all sums accrued hereby immediately due and
payable.

Maker
shall have the right or privilege at any time prior to maturity to prepay this Note in whole or in part without penalty. Any prepayments
are to be applied to the payment of the installments of principal last maturing and interest will immediately cease on the prepaid
principal.

    	 	2	 

     

    

 

Each
Maker is responsible for all obligations represented by this note.

When
the context requires, singular nouns and pronouns include the plural.

 

 

 

 

	GEX MANAGEMENT INC.	 	 
	 	 	 
	 	 	 
	 	 	 
	/s/ Carl
    Dorvil	 	 
	 	 	 
	By: Carl
    Dorvil	 	 
	 	 	 
	Its: CEO	 	 

 

 

 

    	 	3Exhibit 4.2

 

Promissory
Note

Basic
Information

Date:
October 10, 2018

Borrower:
GEX Management Inc.

Borrower’s
Mailing Address: 12001 N. Central Expressway, Dallas, Texas 75243

Lender:
Setco International Forwarding Corporation, a Texas corporation

Place
for Payment: 12409 Jupiter Road, Dallas, Dallas County, Texas 75218

Principal
Amount: $4,875,000.00

Annual
Interest Rate: 15% per annum

Maturity
Date: April 10, 2019

Annual
Interest Rate on Matured, Unpaid Amounts: 18%

Terms
of Payment (principal and interest): The Principal Amount is due and payable on or before April 10, 2019.

Security
for Payment: This note is secured by a deed of trust of even date from Borrower to Erika Knapstein, trustee, which covers the
real property described on Exhibit A attached hereto.

This
Note is to evidence in part consideration of the Borrower to Lender relating to the sale of the real estate described on Exhibit
A on September 28, 2018, and it is an obligation, independent of and in addition to, the Other Debt described in the Deed
of Trust of even date. By execution of this Note, Borrower represents, warrants and confirms that it has received valuable consideration
for the obligations evidenced in this Note and the Deed of Trust which secures the other Note.

Promise
to Pay

Borrower
promises to pay to the order of Lender the Principal Amount plus interest at the Annual Interest Rate. This note is payable at
the Place for Payment and according to the Terms of Payment. All unpaid amounts are due by the Maturity Date. If any amount is
not paid either when due under the Terms of Payment or on acceleration of maturity, Borrower promises to pay any unpaid amount
plus interest from the date the payment was due to the date of payment at the Annual Interest Rate on Matured, Unpaid Amounts.

 

    	 		 

     

    

 

Defaults
and Remedies

A
default exists under this note if (1) Borrower defaults in the payment of this note or in the performance of any obligation in
any instrument securing or collateral to this note beyond any applicable notice, cure or grace period, (2) Borrower fails to timely
pay or perform any obligation or covenant in any written agreement between Lender and Borrower; (3) any representation in this
note or in any other written agreement between Lender and Borrower is materially false when made; (4) a receiver is appointed
for Borrower; (5) a bankruptcy or insolvency proceeding is commenced by Borrower; (6) (a) a bankruptcy or insolvency proceeding
is commenced against Borrower or a receiver is appointed for Borrower, or any property on which a lien or security interest is
created as security (the “Collateral Security”) for any part of this note, and (b) the proceeding continues without
dismissal for ninety days, the party against whom the proceeding is commenced admits the material allegations of the petition
against it, or an order for relief is entered; or (7) Borrower is terminated, begins to wind up its affairs, or is authorized
to terminate or wind up its affairs by its governing body or persons, or any event occurs or condition exists that permits the
termination or winding up of the affairs of Borrower, any Collateral Security is assigned for the benefit of creditors, and any
Collateral Security is impaired by loss, theft, damage, levy and execution, issuance of an official writ or order of seizure,
or destruction, except as provided in the deed of trust..

Upon
the occurrence of a default under this note, Lender may declare the unpaid principal balance, earned interest, and any other amounts
owed on the note immediately due, and may exercise all other rights and remedies available at law or in equity.

Waivers

Borrower
waives, to the extent permitted by law, all (1) demand for payment, (2) presentation for payment, (3) notice of intention to accelerate
maturity, (4) notice of acceleration of maturity, (5) protest, and (6) notice of protest.

Attorney’s
Fees

Borrower
also promises to pay reasonable attorney’s fees and court and other costs if an attorney is retained to collect or enforce
the note and Lender is the prevailing party in such action. These expenses will bear interest from the date of advance at the
Annual Interest Rate on Matured, Unpaid Amounts. Borrower will pay Lender these expenses and interest on demand at the Place for
Payment. These expenses and interest will become part of the debt evidenced by the note and will be secured by any security for
payment.

Usury
Savings

Interest
on the debt evidenced by this note will not exceed the maximum rate or amount of nonusurious interest that may be contracted for,
taken, reserved, charged, or received under law. Any interest in excess of that maximum amount will be credited on the Principal
Amount or, if the Principal Amount has been paid, refunded. On any acceleration or required or permitted prepayment, any excess
interest will be canceled automatically as of the acceleration or prepayment or, if the excess interest has already been paid,
credited on the Principal Amount or, if the Principal Amount has been paid, refunded. This provision overrides any conflicting
provisions in this note and all other instruments concerning the debt.

    	 	- 2 -	 

     

    

 

Other
Clauses

Each
Borrower is responsible for all obligations represented by this Note and the other instruments securing this Note.

When
the context requires, singular nouns and pronouns include the plural.

Borrower:

 

GEX
MANAGEMENT INC.

By:/s/ Joshua Rebecca

Name:  Joshua Rebecca

Its:
Authorized Signatory

 

    	 	- 3 -	 

     

    

 

EXHIBIT A

 

Being
a 16.84 acre tract of land situated in the Soloman Dixon Survey, Abstract No. 408, Dallas County, Texas, same being that tract
of land conveyed to Setco International Forwarding Corporation by deed recorded in Volume 95082, Page 2151, Deed Records, Dallas
County, Texas and being more particularly described bny metes and bounds as follows:

BEGINNING
at a 1/2 inch iron rod found for corner, said corner being the most westerly Northwest corner of that tract of land conveyed to
Dallas Power & Light Company by deed recorded in Volume 710, Page 1510, Deed Records, Dallas County, Texas, and the Southeast
corner of that tract of land conveyed to Perimeter Investments One Limited Partnership, a Texas limited partnership (Tract Two),
by deed recorded in Volume 98033, Page 1611, Deed Records, Dallas County, Texas;

THENCE
North 00 degrees 25 minutes 00 seconds East, along the East line of said Perimeter Investments One Limited Partnership tract,
a distance of 1181.36 feet to a 1/2 inch iron rod found for corner, said corner being the Northeast corner of said Perimeter Investments
One Limited Partnership tract and the most westerly Southwest corner of that tract of land conveyed to Dallas Power & Light
Company by deed recorded in Volume 5509, Page 446. Deed Records, Dallas County, Texas;

THENCE
South 53 degrees 10 minutes 07 seconds East, along the Southwest line of said Dallas Power & Light Company (5509/446 tract,
a distance of 928.84 feet to a 1/2 inch iron rod found for corner, said corner being the most easterly Northwest corner of said
Dallas Power & Light Company (710/1510) tract;

THENCE
South 16 degrees 24 minutes 54 seconds East, along a Southwest line of said Dallas Power & Light Company (710/1510) tract,
a distance of 650.38 feet to a 1/2 inch iron rod found for corner;

THENCE
South 89 degrees 57 minutes 35 seconds West, along the most southerly North line of said Dallas Power & Light Company (710/1510)
tract, a distance of 935.83 feet to the POINT OF BEGINNING and containing 733,494 square feet or 16.84 acres of land.

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