Document:

Exhibit 10.1

    

      PROMISSORY
        NOTE

      
        	
                Borrower:
                  

              	
                Language
                  Access Network, LLC

                111
                  West Rich Street

                Suite
                  150

                Columbus
                  OH 43215

              	
                Lender:

              	
                Interim
                  Support, LLC

                111
                  West Rich Street

                Suite
                  150

                Columbus
                  OH 43215

              
	 	 	 
	
                Principal
                  Amount: $1,000,00.00

              	 	 

      

      

      PROMISE
        TO PAY. Language Access Network, LLC. (“Borrower”) promises to pay to Interim
        Support, LLC (“Lender"), or order, in lawful money of the United States of
        America, the principal amount of One Million & 00/100 Dollars
        ($1,000,000.00), together with interest on the unpaid principal balance from
        October 11, 2007, until paid in full. 

       

      This
        revolving Note evidences an arrangement (the “Subject Commitment"') whereby
        Borrower may, on the date of this Note and thereafter until (but not including)
        October 11, 2008 {the ”Expiration Date") or such earlier date upon which the
        Subject Commitment is terminated or reduced to zero, obtain from lender,
        subject
        to the terms and conditions of this Note, such loans (each a "Subject Loan")
        as
        Borrower may from time to time properly request. The amount of the Subject
        Commitment shall be equal to the face amount of this Note, provided, that
        Borrower shall have the right, at any time and from time to time, to permanently
        reduce the amount of the Subject Commitment to any amount that is an integral
        multiple of One Thousand and no/100 dollars ($1,000.00) (the "Minimum Borrowing
        Amount”) by giving Lender not less than one (1) Banking Day's prior notice
        (which shall be irrevocable) of the effective date of the reduction, provided,
        that no reduction in the amount of the Subject Commitment shall be effective
        if,
        after giving effect to that reduction, the aggregate unpaid principal balance
        of
        the Subject Loans would exceed the amount of the Subject Commitment as so
        reduced. Regardless of any fee or other consideration received by lender,
        the
        Subject Commitment may be terminated pursuant to Default and the Lender's
        Rights. 

       

      Loan
        Requests; Disbursement. A Subject Loan is properly requested if requested
        orally
        or in writing not later than 2:00 p.m., Banking Office Time, of the Banking
        Day
        upon which that Subject Loan is to be made. Each request for a Subject Loan
        shall of itself constitute, both when made and when honored a representation
        and
        warranty by Borrower to Lender that Borrower is entitled to obtain the requested
        Subject Loan. Lender is hereby irrevocably authorized to make an appropriate
        entry on this Note, in a loan account on Lender's books and records, or both,
        whenever Borrower obtains a Subject Loan. Each such entry shall be prima
        facie
        evidence of the data entered, but the making of such an entry shall not be
        a
        condition to Borrower's obligation to pay. Lender is hereby directed, absent
        notice from Borrower to the contrary, to disburse the proceeds of each Subject
        Loan to Borrower's general checking account with Lender. Lender shall have
        no
        duty to follow, nor any liability for, the application of any proceeds of
        any
        Subject Loan. 

       

      Each
        Subject Loan shall be in an amount that is an integral multiple of the Minimum
        Borrowing Amount. Borrower shall not be entitled to obtain any Subject Loan
        (a)
        on or after the termination of the Subject Commitment or the reduction thereof
        to zero, (b) if either at the time of Borrower's request for that loan or
        when
        that request is honored there shall exist or would occur any Event of Default,
        (c) if any representation, warranty, or other statement (other than any
        expressly made as of a single date) made by any Person (other than Lender)
        in
        any Related Writing would, if made either as of the time of Borrower's request
        for that Subject Loan or as of the time when that request is honored, be
        untrue
        or incomplete in any respect, or (d) if after giving effect to that Subject
        Loan
        and all others for which requests are then pending, the aggregate unpaid
        principal balance of the Subject Loans would exceed the then amount of the
        Subject Commitment. 

       

      The
        unpaid principal balance of each Subject Loan shall at all times bear interest
        at the Contract Rate, provided, that so long as any principal of or accrued
        interest on any Subject Loan is overdue, all unpaid principal of each Subject
        Loan and all overdue interest on that principal shall bear interest at a
        fluctuating rate equal to two percent (2%) per annum above the rate that
        would
        otherwise be applicable, but in no case less than two percent (2%) per annum
        above the Prime Rate; provided further, that in no event shall any principal
        of
        or interest on any Subject Loan bear interest at any time after Maturity
        at a
        lesser rate than the rate applicable thereto immediately after Maturity.
        The
        "Contract Rate" shall at all times be a fluctuating rate equal to two and
        no one
        hundredths of one percent (2.00%) per annum plus the Index, provided, that
        in
        the event the Index is unavailable as a result of Lender's good faith
        determination of the occurrence of one of the events specified in the section
        labeled "LIBOR Unavailable", the "Contract Rate" shall be a fluctuating rate
        equal to the Prime Rate. 

       

      Interest
        on each Subject Loan shall be payable in arrears on December 1, 2007, and
        on the
        first day of each month thereafter, at Maturity, and on demand thereafter.
        The
        Index rate shall be adjusted by Lender, as necessary, at the end of each
        Banking
        Day during the term hereof. 

       

      LIBOR
        Unavailable. Notwithstanding any provision or inference to the contrary,
        the
        Contract Rate shall not be based on the Index if Lender shall determine in
        good
        faith that (a) any governmental authority has asserted that it is unlawful
        for
        Lender to fund, make, or maintain loans bearing interest based on the Index,
        or
        (b) circumstances affecting the market selected by Lender for the purpose
        of
        funding the Subject Loans make it impracticable for Lender to determine the
        Index. Lender's books and records shall be conclusive (absent obvious error)
        as
        to whether Lender shall have determined that the Contract Rate is prohibited
        from being based on the Index. If the Contract Rate is prohibited from being
        based on the Index as a result of the occurrence of one of the events referenced
        in this section, then, and in each such case, notwithstanding any provision
        or
        inference to the contrary, the then outstanding principal balance of this
        Note
        shall upon lender giving Borrower notice of Lender's determination of the
        occurrence of such an event, bear interest at a Contract Rate based on the
        Prime
        Rate including the applicable spread described above. 

       

      Each
        Subject Loan shall be due and payable in full upon the Expiration Date.

       

      Unless
        otherwise agreed or required by applicable law, payments will be applied
        first
        to any accrued unpaid interest; then to principal; then to any unpaid collection
        costs; and then to any late charges. The annual interest rate for this Note
        is
        computed on a 365/360 basis; that is, by applying the ratio of the annual
        interest rate over a year of 360 days, multiplied by the outstanding principal
        balance, multiplied by the actual number of days the principal balance is
        outstanding. Borrower will pay Lender at Lender's address shown above or
        at such
        other place as Lender may designate in writing.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      VARIABLE
        INTEREST RATE.
        The
        interest rate on this Note is subject to change from time to time based on
        changes in an index which is the One Month LIBOR "One Month LIBOR” means, with
        respect to a loan, the rate per annum (rounded upwards, if necessary, to
        the
        next higher 1/16 of 1 %) determined by Lender and equal to the average rate
        per
        annum at which deposits (denominated in United States dollars) in an amount
        similar to the principal amount of that loan and with a maturity of one (1)
        month are offered at 11 :00 A.M London time (or as soon thereafter as
        practicable) on the Date of Reference by banking institutions in the London,
        United Kingdom market. as such interest rate is referenced
        and reported by the British Bankers Association on Reuters Screen L1BOR01
        Page
        or, if the same is unavailable, any other generally accepted authoritative
        source of such interest rate as Lender may reference from time to time (the
        "Index"), Lender will tell Borrower the current Index rate upon Borrower's
        request The interest rate change will not occur more often than each change
        in
        One Month LIBOR Borrower understands that Lender may make loans based on
        other
        rates as well. The interest rate to be applied to the unpaid principal balance
        during this Note will be at a rate of 2,000 percentage points over the Index.
        NOTICE: Under no circumstances will the interest rate on this Note be more
        than
        the maximum rate allowed by applicable law. Whenever increases occur in the
        interest rate, Lender, at its option, may do one or more of the following:
        (A)
        increase Borrower's payments to ensure Borrower's loan will pay off by its
        original final maturity date, (B) increase Borrower's payments to cover accruing
        interest, (C) increase the number of Borrower's payments, and (D) continue
        Borrower's payments at the same amount and increase Borrower's final payment.
        

       

      PREPAYMENT.
        Borrower
        may pay without penalty all or a portion of the amount owed earlier than
        it is
        due Early payments will not, unless agreed to by Lender in writing, relieve
        Borrower of Borrower's obligation to continue to make payments under the
        payment
        schedule Rather, early payments will reduce the principal balance due and
        may
        result in Borrower’s making fewer payments. Borrower agrees not to send Lender
        payments marked "paid in full", "without recourse", or similar language.
        If
        Borrower sends such a payment, Lender may accept it without losing any of
        Lender's rights under this Note, and Borrower will remain obligated to pay
        any
        further amount owed to Lender. All written communications concerning disputed
        amounts, including any check or other payment instrument that indicates that
        the
        payment constitutes "payment in full" of the amount owed or that is tendered
        with other conditions or limitations or as full satisfaction of a disputed
        amount must be mailed or delivered to: Interim Support, LLC, 111 Rich Street
        Suite 150, Columbus, OH 43215. 

       

      LATE
        CHARGE.
        If a
        payment is 10 days or more late, Borrower will be charged 5.000% of the unpaid
        portion of the regularly scheduled payment or $20.00, whichever is greater,
        

       

      INTEREST
        AFTER DEFAULT.
        Upon
        default, including failure to pay upon final maturity, the interest rate
        on this
        Note shall be increased by adding a 2.000 percentage point margin ("Default
        Rate
        Margin"). The Default Rate Margin shall also apply to each succeeding interest
        rate change that would have applied had there been no default. However, in
        no
        event will the interest rate exceed the maximum interest rate limitations
        under
        applicable law. 

       

      DEFAULT.
        Each of
        the following shall constitute an event of default ("Event of Default") under
        this Note: 

       

      Payment
        Default.
        Borrower
        fails to make any payment when due under this Note. 

       

      Other
        Defaults.
        Borrower
        fails to comply with or to perform any other term, obligation, covenant or
        condition contained in this Note or in any of the related documents or to
        comply
        with or to perform any term, obligation, covenant or condition contained
        in any
        other agreement between Lender and Borrower. 

       

      False
        Statements.
        Any
        warranty, representation or statement made or furnished to Lender by Borrower
        or
        on Borrower's behalf under this Note or the related documents is false or
        misleading in any material respect either now or at the time made or furnished
        or becomes false or misleading at any time thereafter.

       

      LENDER’S
        RIGHTS.
        Upon
        default, Lender may declare the entire unpaid principal balance under this
        Note
        and all accrued unpaid interest immediately due, and then Borrower will pay
        that
        amount; provided, however that in the case of an Event of Default of the
        type
        described in the "Insolvency" subsection above, such acceleration shall be
        automatic and not optional. 

       

      ATTORNEYS'
        FEES; EXPENSES.
        Lender
        may hire or pay someone else to help collect this Note if Borrower does not
        pay.
        Borrower will pay Lender that amount. This includes, subject to any limits
        under
        applicable law, Lender's attorneys' fees and Lender's legal expenses, whether
        or
        not there is a lawsuit, including attorneys' fees, expenses for bankruptcy
        proceedings (including efforts to modify or vacate any automatic stay or
        injunction), and appeals. If not prohibited by applicable law. Borrower also
        will pay any court costs in addition to all other sums provided by law.

       

      JURY
        WAIVER.
        Lender
        and Borrower hereby waive the right to any jury trial in any action, proceeding,
        or counterclaim brought by either Lender or Borrower against the other.

       

      WAIVERS;
        REMEDIES; APPLICATION OF PAYMENTS.
        Lender
        may from time to time in its discretion grant waivers and consents in respect
        of
        this Note or any other Related Writing or assent to amendments thereof, but
        no
        such waiver, consent, or amendment shall be binding upon Lender unless set
        forth
        in a writing (which writing shall be narrowly construed) signed by Lender.
        No
        course of dealing in respect of, nor any omission or delay in the exercise
        of,
        any right, power. or privilege by Lender shall operate as a waiver thereof,
        nor
        shall any single or partial exercise thereof preclude any further or other
        exercise thereof or of any other, as each such right, power, or privilege
        may be
        exercised either independently or concurrently with others and as often and
        in
        such order as Lender may deem expedient. Without limiting the generality
        of the
        foregoing, neither Lender's acceptance of one or more late payments or charges
        nor Lender's acceptance of interest on overdue amounts at the respective
        rates
        applicable thereto shall constitute a waiver of any right of Lender Each
        right,
        power, or privilege specified or referred to in this Note is in addition
        to and
        not in limitation of any other rights, powers, and privileges that Lender
        may
        otherwise have or acquire by operation of law, by other contract, or otherwise
        Lender shall be entitled to equitable remedies with respect to each breach
        or
        anticipatory repudiation of any provision of this Note, and Borrower hereby
        waives any defense which might be asserted to bar any such equitable remedy
        Lender shall have the right to apply payments in respect of the indebtedness
        evidenced by this Note with such allocation to the respective parts thereof
        and
        the respective due dates thereof as Lender in its sole discretion may from
        time
        to time deem advisable. 

       

      NOTICES
        AND OTHER COMMUNICATIONS.
        Each
        notice, demand, or other communication, whether or not received, shall be
        deemed
        to have been given to Borrower whenever Lender shall have mailed a writing
        to
        that effect by certified or registered mail to Borrower at Borrower's mailing
        address (or any other address of which Borrower shall have given Lender notice
        after the execution and delivery of this Note); however, no other method
        of
        giving actual notice to Borrower is hereby precluded Borrower hereby irrevocably
        accepts Borrower's appointment as each Obligor's agent for the purpose of
        receiving any notice, demand, or other communication to be given by Lender
        to
        each such Obligor pursuant to any Related Writing Lender shall be entitled
        to
        assume that any knowledge possessed by any Obligor other than Borrower is
        possessed by Borrower Each communication to be given to Lender shall be in
        writing unless this Note expressly permits that communication to be made
        orally,
        and in any case shall be given to Lender at Lender's banking office (or any
        other address of which Lender shall have given notice to Borrower after the
        execution and delivery this Note) Borrower hereby assumes all risk arising
        out
        of or in connection with each oral communication given by Borrower and each
        communication given or attempted by Borrower in contravention of this section,
        Lender shall be entitled to rely on each communication believed in good faith
        by
        Lender to be genuine. 

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      GENERAL
        PROVISIONS.
        If any
        part of this Note cannot be enforced, this fact will not affect the rest
        of the
        Note Borrower does not agree or intend to pay. and Lender does not agree
        or
        intend to contract for, charge, collect, take, reserve or receive (collectively
        referred to herein as "charge or collect") any amount in the nature of interest
        or in the nature of a fee for this loan, which would in any way or event
        (including demand, prepayment, or acceleration) cause Lender to charge or
        collect more for this loan than the maximum Lender would be permitted to
        charge
        or collect by federal law or the law of the State of Ohio (as applicable),
        Any
        such excess interest or unauthorized fee shall, instead of anything stated
        to
        the contrary, be applied first to reduce the principal balance of this loan,
        and
        when the principal has been paid in full, be refunded to Borrower, Lender
        may
        delay or forgo enforcing any of its rights or remedies under this Note without
        losing them Borrower and any other person who signs, guarantees or endorses
        this
        Note, to the extent allowed by law, waive presentment, demand for payment
        and
        notice of dishonor. Upon any change in the terms of this Note and unless
        otherwise expressly stated in writing, no party who signs this Note, whether
        as
        maker, guarantor, accommodation maker or endorser, shall be released from
        liability. All such parties agree that Lender may renew or extend (repeatedly
        and for any length of time) this loan or release any party or guarantor or
        collateral; or impair, fail to realize upon or perfect Lender's security
        interest in the collateral; and take any other action deemed necessary by
        Lender
        without the consent of or notice to anyone. All such parties also agree that
        Lender may modify this loan without the consent of or notice to anyone other
        than the party with whom the modification is made. The obligations under
        this
        Note are joint and several. 

       

      DEFINITIONS.
        As used
        in this Note, except where the context clearly requires otherwise, 

       

      "Bank
        Debt" means, collectively, all Debt to Lender, whether incurred directly
        to
        Lender or acquired by it by purchase, pledge, or otherwise, and whether
        participated to or from Lender in whole or in part; 

       

      "Banking
        Day" means any day (other than any Saturday, Sunday or legal holiday) on
        which
        Lender's banking office is open to the public for carrying on substantially
        all
        of its banking functions; 

       

      "Banking
        Office Time" means, when used with reference to any time, that time determined
        at the location of Lender's banking office; 

       

      "Date
        of
        Reference" means, on any Banking Day, a date which is two (2) Eurodollar
        Banking
        Days prior to the Banking Day in question; 

       

      "Debt"
        means, collectively, all obligations of the Person or Persons in question,
        including, without limitation, every such obligation whether owing by one
        such
        Person alone or with one or more other Persons in a joint, several, or joint
        and
        several capacity, whether now owing or hereafter arising, whether owing
        absolutely or contingently, whether created by lease, loan, overdraft, guaranty
        of payment, or other contract, or by quasi-contract, tort, statute, other
        operation of law, or otherwise; 

       

      "Eurodollar
        Banking Day" means any Banking Day on which banks in the London Interbank
        Market
        deal in United States dollar deposits and on which banking institutions are
        generally open for domestic and international business at the place where
        Lender's banking office is located and in New York City; 

       

      "Maturity"
        means, when used with reference to any Subject Loan, the date (whether occurring
        by lapse of time, acceleration, or otherwise) upon which that Subject Loan
        is
        due; 

       

      "Note"
        means this promissory note (including, without limitation, each addendum,
        allonge, or amendment, if any, hereto); 

       

      "Obligor"
        means any Person who, or any of whose property, shall at the time in question
        be
        obligated in respect of all or any part of the Bank Debt of Borrower and
        (in
        addition to Borrower) includes, without limitation, co makers, indorsers,
        guarantors, pledgors, hypothecators, mortgagors, and any other Person who
        agrees, conditionally or otherwise, to assure such other Obligor's creditors
        or
        any of them against loss; 

       

      "Person”
        means an individual or entity of any kind including, without limitation,
        any
        association, company, cooperative, corporation, partnership, trust, governmental
        body, or any other form or kind of entity; 

       

      "Prime
        Rate" means the fluctuating rate per annum which is publicly announced from
        time
        to time by Lender as being its so called "prime rate" or "base rate" thereafter
        in effect, with each change in the Prime Rate automatically, immediately,
        and
        without notice changing the Prime Rate thereafter applicable hereunder, it
        being
        acknowledged that the Prime Rate is not necessarily the lowest rate of interest
        then available from Lender on fluctuating-rate loans; 

       

      “Proceeding"
        means any assignment for the benefit of creditors, any case in bankruptcy,
        any
        marshalling of any Obligor's assets for the benefit of creditors, any moratorium
        on the payment of debts or any proceeding under any law relating to
        conservatorship, insolvency, liquidation, receivership, trusteeship, or any
        similar event, condition, or other thing; 

       

      "Related
        Writing" means this Note and any indenture, note, guaranty, assignment,
        mortgage, security agreement, subordination agreement, notice, financial
        statement, legal opinion, certificate, or other writing of any kind pursuant
        to
        which all or any part of the Bank Debt of Borrower is issued, which evidences
        or
        secures all or any part of the Bank Debt of Borrower, which governs the relative
        rights and priorities of Lender and one or more other Persons to payments
        made
        by, or the property of,.any Obligor, which is delivered to Lender pursuant
        to
        another such writing, or which is otherwise delivered to Lender by or on
        behalf
        of any Person (or any employee, officer, auditor, counsel, or agent of any
        Person) in respect of or in connection with all or any part of the Bank Debt
        of
        Borrower; and the foregoing definitions shall be applicable to the respective
        plurals of the foregoing defined terms. 

       

      PRIOR
        TO
        SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS
        NOTE
        INCLUDING THE VARIABLE INTEREST RATE PROVISIONS BORROWER AGREES TO THE TERMS
        OF
        THE NOTE 

       

      BORROWER
        ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE, 

       

      BORROWER:

       

      
        	
                Language
                  Access Network, LLC.

              
	
                By:

              	/s/
                Michael Guirlinger
	 	
                Michael
                  Guirlinger, CEO/COO

                Language
                  Access NetworkExhibit 10.1

    LLC
      MEMBERSHIP INTEREST TRANSFER AGREEMENT 

    

    THIS
      LLC
      MEMBERSHIP INTEREST TRANSFER AGREEMENT (this “Agreement”) is entered into as of
      October 17, 2007, by and between Secured Diversified Investment Ltd., a Nevada
      corporation (“SDI”) and the Sutterfield Family Trust and Wayne Sutterfield, a
      resident of Arizona (collectively referred to hereafter as “Sutterfield”).

    

    RECITALS

    

          WHEREAS,
      SDI and Sutterfield are parties to an Operating Agreement dated as of December
      30, 2002 and amended December 30, 2003 (the “LLC Agreement”). The LLC Agreement
      addresses, among other things, the formation, management and operation of
      Diversified Commercial Brokers, LLC, a California limited liability company
      (the
“Company”). The assets of the Company are an 8,685 square foot office building
      located at 5030 Campus Drive in Newport Beach, California 92660 (the “Property”)
      and a DDA Business MMA Account No. 2901122 with a balance of approximately
      $72,722.

    

          WHEREAS,
      SDI and Sutterfield (each, a “Member” and together the “Members”) are each
      members of the Company and the LLC Agreement allows for the transfer of any
      Interest of one Member in the Company to another Member. 

    

    WHEREAS,
      on December 30, 2003, Sutterfield transferred a portion of his Interest in
      the
      Company to SDI in exchange for, among other things, a promissory note dated
      January 4th, 2004 in the amount of $71,630.32 in favor of Sutterfield. The
      note
      bears interest at an annual rate of eight percent (8%) and is secured by SDI’s
      Interest in the Company and the Property. SDI also signed a promissory note
      in
      the amount of $67,000 in favor of Sutterfield that bears interest at an annual
      rate of eight percent (8%) and is secured by the Property. These promissory
      notes are hereinafter referred to as the “Notes.” 

    

    WHEREAS,
      the Notes have matured, and Sutterfield provided written notification to SDI
      that it is in default of both the Notes and the LLC Agreement. 

    

    WHEREAS,
      SDI currently owns a fifty-three
      and eight tenths percent (53.8%) Interest in the Company and Sutterfield owns
      a
      forty-six and two tenths percent (46.2%) interest in the Company.

    

    WHEREAS,
      in order to settle the relationship between the parties, including the unpaid
      principal balance and accrued interest remaining on the Notes, Sutterfield
      desires to receive from SDI, and SDI desires to transfer to Sutterfield,
      one-hundred percent (100%) of SDI’s total Interest in the Company subject to the
      terms and conditions set forth herein. 

    

         In
      consideration of the foregoing and the mutual promises contained herein, the
      parties agree as follows: 

    

    AGREEMENT 

    

    
      	1.  	
              Receipt
                and Transfer of Membership Interest. 

            

    

    

                   (a) 
      Sutterfield shall receive from SDI, and SDI shall transfer to Sutterfield 100%
      of SDI’s total Interest in the Company (the “Transferred Membership Interest”)
      in exchange for the following: (1) an indemnity in favor of SDI on the ground
      lease of Lot 10 of Tract #9626 (Building No. 23), any mortgage to the Property
      consisting of a first and second trust deed in the favor of Pacific Western
      Bank
      and Crain, Glasgow & Cheever, respectively, and unpaid property taxes, and
      (2) a release in favor of SDI of any debt owed by SDI to Sutterfield, including
      the Notes, advances, and all accrued interest thereon. 

     

    
      
        
        

      

      
         

        
          

        

      

      
        
        

      

    

    

                   (b) The
      Transferred Membership Interest shall be transferred by SDI to Sutterfield,
      at
      10:00 a.m. Pacific time on October 17, 2007 (the “Closing”). At the
      Closing, Sutterfield shall deliver to SDI an Indemnity Agreement in the form
      substantially to that of Exhibit A attached hereto, and a Cancellation of Debt
      and Release in the form substantially to that of Exhibit B attached hereto.
      Simultaneously, SDI shall deliver to Sutterfield an Assignment of Membership
      Interest, in the form substantially to that of Exhibit C attached
      hereto.

    

                   (c) SDI
      agrees and acknowledges that no certificate or certificates are necessary to
      evidence the Transferred Membership Interest that is being transferred by SDI
      to
      Sutterfield hereunder; such transfer shall be deemed effective automatically,
      without further notice or instruction from SDI, at the Closing conditioned
      upon
      execution of the documents noted in Section 2(b). 

    

    (d)
      From
      and after the Closing, all equitable and legal rights, title and interests
      in
      and to SDI’s Interest shall be owned, held and exercised by Sutterfield. All
      capital calls, obligations and liabilities, if any, under the Company's LLC
      Agreement shall be the sole responsibility of Sutterfield.

    

    
      	2.  	
              Revised
                Membership Interests and Capital Accounts.
                

            

    

    

    Each
      Member’s Interest in the Company, adjusted to reflect the transfer of the
      Transferred Membership Interest by SDI to Sutterfield hereunder, is set forth
      below: 

    

    
      	
               

              Member

            	
              Percentage
                Interest in Company 

              Prior
                to Sale of Transferred Membership Interest

            	
              Percentage
                Interest in Company 

              Following
                Sale of Transferred Membership Interest

            
	
              SDI

            	
              53.8%

            	
              0%

            
	
              Sutterfield

            	
              46.2%

            	
              100%

            

    

    

    The
      Capital Accounts of Sutterfield and SDI shall be adjusted to reflect the
      transfer of the Transferred Membership Interest to Sutterfield. 

    

    
      	3.  	
              Resignation
                as Member; Resignation of SDI as Manager; Amendment of Bylaws and
                LLC
                Agreement. 

            

    

    

    The
      parties agree that, effective upon the Closing, SDI will have no further rights
      as a Member in the Company, and SDI will resign as Manager of the Company.
      The
      parties agree that upon the transfer of Membership Interest pursuant to this
      Agreement, Sutterfield shall be free to amend the Bylaws and the LLC Agreement,
      and to take any and all such other actions, and amend any and all such other
      documents, agreements, instruments or certificates, as may be necessary or
      appropriate to effectuate and carry out the purpose and intent of the foregoing
      and the transactions contemplated by this Agreement. 

    

    
      	4.  	
              Notices.
                

            

    

    

    Any
      notice or other communication required or permitted hereunder shall be in
      writing and shall be deemed to have been duly given on the date of service
      if
      served personally or five days after mailing if mailed by first class United
      States mail, certified or registered with return receipt requested, postage
      prepaid, and addressed as follows:

     

          To
      Members: The address listed after their signatures below. 

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    
      	5.  	
              Expenses.
                

            

    

    

    Except
      as
      otherwise expressly contemplated in this Agreement, each party shall bear its
      own costs and expenses incurred in connection with this Agreement and the
      transactions contemplated hereby and thereby. 

    

    
      	6.  	
              Binding
                Effect.

            

    

    

    This
      Agreement shall be binding upon the legal representatives and successors of
      the
      SDI and Sutterfield.

    

    
      	7.  	
              Governing
                Law.
                

            

    

    

    This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of California. 

    

    
      	8.  	
              Entire
                Agreement. 

            

    

    

    This
      Agreement and Exhibits thereto constitutes the entire agreement of the parties
      pertaining to the sale of the Interest by the SDI and supersedes all prior
      and
      contemporaneous agreements, representations, and understandings of the parties
      with respect to such sale. 

    

    
      	9.  	
              Counterparts.
                

            

    

    

    This
      Agreement may be signed in counterparts with the same effect as if the signature
      on each such counterpart were on the same instrument. Facsimiles of signatures
      shall be deemed to be originals. 

    

        

    [The
      balance of this page is intentionally left blank.]

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      date
      first above written.

     

    
      	
              Member
                - SECURED DIVERSIFIED INVESTMENT LTD.

               

            
	By:	/s/
              Jan
              Wallace 10-25-07
	
              Name:

            	
              Jan
                Wallace

            
	
              Title:

            	
              President

            
	 	 
	Address:	12202
              N. Scottsdale Road
              Phoenix,
                Arizona 85254

            

    

     

    
      	
              Member
                - SUTTERFIELD FAMILY TRUST /WAYNE SUTTERFIELD

               

            
	By:	/s/
              Wayne
              Sutterfield 10-17-07
	
              Name:

            	
              
                Wayne
                  Sutterfield

              

            
	 	 
	Address:	27834
              N. 124th
              Lane
              
                Peoria,
                  Arizona 85383

              

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    INDEMNIFICATION
      AGREEMENT

    

    This
      Indemnification Agreement (this “Indemnity”) is made pursuant to the LLC
      Membership Interest Transfer Agreement (the “Agreement”) and entered into as of
      October __, 2007, between Wayne Sutterfield (the “Sutterfield”) and Secured
      Diversified Investment Ltd. (“SDI”). 

    

    FOR
      VALUE
      RECEIVED, Sutterfield agrees to indemnify, defend and hold SDI and its current
      and future affiliates, control persons, directors, officers, employees and
      agents (each an “Indemnified Person”) harmless from and against all losses,
      claims, damages, liabilities, costs or expenses, related to (a) any mortgages,
      deeds of trust, liens or other encumbrances, including property taxes, held
      on
      the Property; and (b) any ground leases, tenant leases, easements and other
      interests regarding that certain property located at 5030 Campus Drive in
      Newport Beach, California 92660. 

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Indemnity as of the
      date
      first above written. 

    

    

    
      
        	Indemnitor	Indemnitee
	 	 
	/s/ Wayne Sutterfield	/s/ Jan Wallace 10-25-07 
	Sutterfield Family Trust	Secured Diversified Investment
                Ltd.
	 	 
	/s/Wayne Sutterfield
                10-17-07	 
	Wayne Sutterfield	 

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    Exhibit
      B

    

    CANCELLATION
      OF DEBT AND RELEASE

    

    This
      Cancellation of Debt and Release (this “Release”) is made pursuant to the LLC
      Membership Interest Transfer Agreement (the “Agreement”) and entered into as of
      October __, 2007, between Wayne Sutterfield (the “Creditor”) and Secured
      Diversified Investment Ltd. (the “Debtor”). 

    

    The
      Creditor is the holder of a promissory note made by Debtor in the amount of
      $71,630.32 dated January 4, 2004. The Creditor is also the holder of a
      promissory note made by Debtor in the amount of $67,000 (together, the “Notes”).
      In consideration for the Interest described in the Agreement to which this
      Release forms a part, and other good and valuable consideration, the receipt
      and
      sufficiency of which is hereby acknowledged, Creditor hereby cancels the Notes
      and waives his rights to any payments thereunder, including all principal and
      interest accrued thereon. Creditor represents and warrants that it owns all
      right, title, and interest in and to the Notes and there are no claims, rights,
      and interests of any third parties, including, but not limited to, any said
      interests which may be asserted under marital and community property
      laws.

    

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Release as of the date
      first above written. 

    

    
      	Creditor	Debtor
	 	 
	/s/ Wayne Sutterfield	/s/ Jan Wallace 10-25-07 
	Sutterfield Family Trust	Secured Diversified Investment
              Ltd.
	 	 
	/s/Wayne Sutterfield
              10-17-07	 
	Wayne Sutterfield	 

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

    

     

    Exhibit
      C

    

    ASSIGNMENT
      OF MEMBERSHIP INTEREST

    

      This
      Assignment of Membership Interest (this “Assignment”) is made pursuant to the
      LLC Membership Interest Transfer Agreement (the “Agreement”) and entered into as
      of September __, 2007, between Secured Diversified Investment Ltd. (“Assignor”)
      and Wayne Sutterfield (the “Assignee”). 

    

    FOR
      VALUE
      RECEIVED, Assignor herewith sells, assigns, transfers and conveys to Assignee,
      the entirety of Assignor's rights, title and interests as member of and in
      Diversified Commercial Brokers LLC, a California limited liability company
      (the
“Company”), which shall include, without limitation, Assignor's fifty-three and
      eight tenths percent (53.8%) capital and profits interest in the Company,
      Assignor's capital account balance in the Company, Assignor's distributions
      and
      liquidation rights in the Company and Assignor's voting and management rights
      and powers in the Company.

    

    This
      Assignment in the Company is made in accordance with and in complete
      satisfaction of the requirements of Article V of the Operating Agreement of
      the
      Company dated
      as
      of December 30, 2002 and amended December 30, 2003.

    

     IN
      WITNESS WHEREOF, the parties hereto have executed this Assignment as of the
      date
      first above written. 

    

    
      	Assignor	Assignee
	 	 
	/s/ Jan Wallace 10-25-07	/s/ Wayne Sutterfield
	Secured Diversified Investment Ltd.	Sutterfield Family Trust
	 	 
	/s/Wayne Sutterfield
              10-17-07	 
	Wayne Sutterfield

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