Document:

Exhibit 4.1

 

NEITHER THESE SECURITIES NOR THE SECURITIES
INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFER AGENT.THESE
SECURITIES AND THE SECURITIES ISSUABLE UPON CONVERSION OF THESE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

Date of Issuance: BELOW

 

Amount of Debenture:
BELOW

 

10% CONVERTIBLE DEBENTURE

DUE : BELOW

 

THIS DEBENTURE is a duly authorized and
issued 10% Convertible Debenture of Forex International Trading Company. (the "Company")(the "Debenture").

 

FOR VALUE RECEIVED,
the Company promises to pay to GV Global Communications, Inc or its registered assigns (the "Holder"), the principal
sum, amount due below(this Debenture is issued in exchange, for no additional consideration, of outstanding debt of the Company
of equal amount held by the Holder) on the due date or such earlier date as the Debentures are required or permitted to be repaid
as provided hereunder (the "Maturity Date"), and to pay interest to the Holder on the aggregate unconverted and then
outstanding principal amount of this Debenture at the rate of 10% per annum, payable on the Maturity Date, unless the Debenture
is converted to shares of common stock in accordance with the terms and conditions herein.

 

Capitalized terms are defined below.

 

This Debenture is issued to reflect the
debt conversion rights of a prior debt holder surrendered to the Debenture holder named herein as part of an assignment of the
original Debt, which Debt is aged in excess of one year, and thus this Debenture is issued in exchange, for no additional consideration,
of outstanding debt of the Company of equal amount held by the Holder.

 

THE COMPANY MAY NOT PREPAY ANY PORTION
OF THE NOTE.

 

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This Debenture is subject
to the following additional provisions:

 

Section 1.
DENOMINATIONS.     This Debenture is exchangeable for an equal aggregate principal amount of Debentures of different authorized
denominations, as requested by the Holder surrendering the same. No service charge will be made for such registration of
transfer or exchange.

 

Section
2.TRANSFER.     This Debenture may be transferred or exchanged only in compliance with applicable federal and state securities
laws and regulations. Prior to due presentment to the Company for transfer of this Debenture, the Company and any agent of
the Company may treat the Person in whose name this Debenture is duly registered on the Debenture Register as the owner
hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not this Debenture is
overdue, and neither the Company nor any such agent shall be affected by notice to the contrary.

 

Section 3. EVENTS OF
DEFAULT.

 

(a)    "Event
of Default", wherever used herein, means any one of the following events (whatever the reason and whether it shall be voluntary
or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or any order, rule or
regulation of any administrative or governmental body):

 

(i)     any default in
the payment of the principal of, interest (including Late Fees) on, or liquidated damages in respect to this Debenture, free of
any claim of subordination, as and when the same shall become due and payable (whether on a Conversion Date or the Maturity Date
or by acceleration or otherwise) which default is not cured, if possible to cure, within 3 days of notice of such default sent
by the Holder;

 

(ii)     the Company
or any of its subsidiaries shall commence, or there shall be commenced against the Company or any such subsidiary a case under
any applicable bankruptcy or insolvency laws as now or hereafter in effect or any successor thereto, or the Company commences any
other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation
or similar law of any jurisdiction whether now or hereafter in effect relating to the Company or any subsidiary thereof or there
is commenced against the Company or any subsidiary thereof any such bankruptcy, insolvency or other proceeding which remains undismissed
for a period of 60 days; or the Company or any subsidiary thereof is adjudicated insolvent or bankrupt; or any order of relief
or other order approving any such case or proceeding is entered; or the Company or any subsidiary thereof suffers any appointment
of any custodian or the like for it or any substantial part of its property which continues undischarged or unstayed for a period
of 60 days; or the Company or any subsidiary thereof makes a general assignment for the benefit of creditors; or the Company shall
fail to pay, or shall state that it is unable to pay, or shall be unable to pay, its debts generally as they become due; or the
Company or any subsidiary thereof shall call a meeting of its creditors with a view to arranging a composition, adjustment or restructuring
of its debts; or the Company or any subsidiary thereof shall by any act or failure to act expressly indicate its consent to, approval
of or acquiescence in any of the foregoing; or any corporate or other action is taken by the Company or any subsidiary thereof
for the purpose of effecting any of the foregoing; or

 

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(iii)      
the Company shall fail to timely file all reports required to be filed by it with the SEC pursuant to Section 13 or 15(d)
of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise required by the Exchange
Act.

 

(b)     If any Event
of Default occurs and is continuing, the full principal amount of this Debenture, together with interest and other amounts owing
in respect thereof, to the date of acceleration shall become at the Holder's election, immediately due and payable in cash.. The
Holder need not provide and the Company hereby waives any presentment, demand, protest or other notice of any kind, and the Holder
may immediately and without expiration of any grace period enforce any and all of its rights and remedies hereunder and all other
remedies available to it under applicable law. Such declaration may be rescinded and annulled by Holder at any time prior to payment
hereunder and the Holder shall have all rights as a Debenture holder until such time, if any, as the full payment under this Section
shall have been received by it. No such rescission or annulment shall affect any subsequent Event of Default or impair any right
consequent thereon.

 

Section 4. Conversion.

 

(a)
(i) Holder's Conversion Right. At any time after the Original Issue Date until this Debenture is no longer outstanding, this
Debenture, including interest and principal, shall be convertible into shares of Common Stock at $0.00752734 per share (the “Set
Price”). The Holder shall effect conversions by delivering to the Company the form of Notice of Conversion attached hereto
as Exhibit A (a "Notice of Conversion"), specifying the date on which such conversion is to be effected (a "Conversion
Date"). If no Conversion Date is specified in a Notice of Conversion, the Conversion Date shall be the date that such Notice
of Conversion is provided hereunder. To effect conversions hereunder, the Holder shall not be required to physically surrender
Debentures to the Company. The Company shall deliver any objection to any Notice of Conversion within TWO (2) Business Days of
receipt of such notice. In the event of any dispute or discrepancy, the records of the Holder shall be controlling and determinative
in the absence of manifest error. If the Company does not request
the issuance of the shares underlying this Debenture after receipt of a Notice of Conversion within TWO (2) Business days following
the period allowed for any objection, the Company shall be responsible to promptly pay Holder for any differential in the value
of the converted shares underlying this Debenture between the value of the closing price on the date the shares should have been
delivered and the date the shares are delivered.  The Holder
and any assignee, by acceptance of this Debenture, acknowledge and agree that, by reason of the provisions of this paragraph, following
conversion of a portion of this Debenture, the unpaid and unconverted principal amount of this Debenture may be less than the amount
stated on the face hereof. The parties hereby agree that the Company will cover all legal costs associated with the issuance of
Opinion Letter(s) to the Transfer Agent and cost of conversion. 

 

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(ii)      If the Company,
at any time while this Debenture is outstanding: (A) shall pay a stock dividend or otherwise make a distribution or distributions
on shares of its Common Stock or any other equity or equity equivalent securities payable in shares of Common Stock (which, for
avoidance of doubt, shall not include any shares of Common Stock issued by the Company pursuant to this Debenture, including as
interest thereon), (B) subdivide outstanding shares of Common Stock into a larger number of shares, (C) combine (including by way
of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or (D) issue by reclassification of
shares of the Common Stock any shares of capital stock of the Company, then the Set Price shall be multiplied by a fraction of
which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding before such event
and of which the denominator shall be the number of shares of Common Stock outstanding after such event. Any adjustment made pursuant
to this Section shall become effective immediately after the record date for the determination of stockholders entitled to receive
such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination
or re-classification.

 

(iii)     Whenever the
Set Price is adjusted pursuant to any of Section 4, the Company shall promptly mail to each Holder a notice setting forth the Set
Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.

 

(iv)    If (A) the Company
shall declare a dividend (or any other distribution) on the Common Stock; (B) the Company shall declare a special nonrecurring
cash dividend on or a redemption of the Common Stock; (C) the Company shall authorize the granting to all holders of the Common
Stock rights or warrants to subscribe for or purchase any shares of capital stock of any class or of any rights; (D) the approval
of any stockholders of the Company shall be required in connection with any reclassification of the Common Stock, any consolidation
or merger to which the Company is a party, any sale or transfer of all or substantially all of the assets of the Company, of any
compulsory share exchange whereby the Common Stock is converted into other securities, cash or property; (E) the Company shall
authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company; then, in each case,
the Company shall cause to be filed at each office or agency maintained for the purpose of conversion of the Debentures, and shall
cause to be mailed to the Holders at their last addresses as they shall appear upon the stock books of the Company, at least 20
calendar days prior to the applicable record or effective date hereinafter specified, a notice stating (x) the date on which a
record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record is not to
be taken, the date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions, redemption,
rights or warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer or
share exchange is expected to become effective or close, and the date as of which it is expected that holders of the Common Stock
of record shall be entitled to exchange their shares of the Common Stock for securities, cash or other property deliverable upon
such reclassification, consolidation, merger, sale, transfer or share exchange; provided, that the failure to mail such notice
or any defect therein or in the mailing thereof shall not affect the validity of the corporate action required to be specified
in such notice. Holders are entitled to convert Debentures during the 20-day period commencing the date of such notice to the effective
date of the event triggering such notice.

 

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(v)      If, at any time
while this Debenture is outstanding, (A) the Company effects any merger or consolidation of the Company with or into another Person,
(B) the Company effects any sale of all or substantially all of its assets in one or a series of related transactions, (C) any
tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which holders of Common Stock
are permitted to tender or exchange their shares for other securities, cash or property, or (D) the Company effects any reclassification
of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged
for other securities, cash or property (in any such case, a "Fundamental Transaction"), then upon any subsequent conversion
of this Debenture, the Holder shall have the right to receive, for each Underlying Share that would have been issuable upon such
conversion absent such Fundamental Transaction, the same kind and amount of securities, cash or property as it would have been
entitled to receive upon the occurrence of such Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction,
the holder of one share of Common Stock (the "Alternate Consideration"). For purposes of any such conversion, the determination
of the Set Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration
issuable in respect of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Set Price
among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate
Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental
Transaction, then the Holder shall be given the same choice as to the Alternate consideration it receives upon any conversion of
this Debenture following such Fundamental Transaction. To the extent necessary to effectuate the foregoing provisions, any successor
to the Company or surviving entity in such Fundamental Transaction shall issue to the Holder a new debenture consistent with the
foregoing provisions and evidencing the Holder's right to convert such debenture into Alternate Consideration. The terms of any
agreement pursuant to which a Fundamental Transaction is effected shall include terms requiring any such successor or surviving
entity to comply with the provisions of this paragraph and insuring that this Debenture (or any such replacement security) will
be similarly adjusted upon any subsequent transaction analogous to a Fundamental Transaction. If any Fundamental Transaction constitutes
or results in a Change of Control Transaction, then at the request of the Holder delivered before the 90th day after
such Fundamental Transaction, the Company (or any such successor or surviving entity) will purchase the Debenture from the Holder
for a purchase price, payable in cash within 10 Trading Days after such request (or, if later, on the effective date of the Fundamental
Transaction), equal to the 150% or maximum permitted by law whichever is higher, of the remaining unconverted principal amount
of this Debenture on the date of such request, plus all accrued and unpaid interest thereon, plus all other accrued and unpaid
amounts due hereunder.

 

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(b)    The Company covenants that
it will at all times reserve and keep available out of its authorized and unissued shares of Common Stock solely for the purpose
of issuance upon conversion of this Debenture.

 

(c)    Any and all notices or other
communications or deliveries to be provided by the Holders hereunder, including, without limitation, any Notice of Conversion,
shall be in writing and delivered personally, by facsimile, sent by a nationally recognized overnight courier service, addressed
to the Company, at the address set forth or such other address or facsimile number as the Company may specify for such purposes
by notice to the Holders delivered in accordance with this Section. Any and all notices or other communications or deliveries to
be provided by the Company hereunder shall be in writing and delivered personally, by facsimile, sent by a nationally recognized
overnight courier service addressed to each Holder at the facsimile telephone number or address of such Holder appearing on the
books of the Company, or if no such facsimile telephone number or address appears, at the principal place of business of the Holder.
Any notice or other communication or deliveries hereunder shall be deemed given and effective on the earliest of (i) the date of
transmission, if such notice or communication is delivered via facsimile at the facsimile telephone number specified in this Section
prior to 5:30 p.m. (New York City time), (ii) the date after the date of transmission, if such notice or communication is delivered
via facsimile at the facsimile telephone number specified in this Section later than 5:30 p.m. (New York City time) on any date
and earlier than 11:59 p.m. (New York City time) on such date, (iii) the second Business Day following the date of mailing, if
sent by nationally recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice is required
to be given.

 

(d)    Notwithstanding anything to
the contrary herein contained, the Holder may not convert this Debenture to the extent such conversion would result in the Holder,
together with any affiliate thereof, beneficially owning (as determined in accordance with Section 13(d) of the Securities Exchange
Act of 1934, as amended (the "Exchange Act") and the rules promulgated thereunder) in excess of 4.99% of the then issued
and outstanding shares of Common Stock, including shares issuable upon such conversion and held by the Holder after application
of this section. The provisions of this section may be waived by the Holder (but only as to itself and not to any other Holder).
Other Holders shall be unaffected by any such waiver.

 

Section 5. Definitions.
For the purposes hereof, in addition to the terms defined elsewhere in this Debenture: (a) capitalized terms not otherwise defined
herein have the meanings given to such terms in the Purchase Agreement, and (b) the following terms shall have the following meanings:

 

"Business Day"
means any day except Saturday, Sunday and any day which shall be a federal legal holiday in the United States or a day on which
banking institutions in the State of New York are authorized or required by law or other government action to close.

 

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"Common Stock"
means the common stock of the Company and stock of any other class into which such shares may hereafter have been reclassified
or changed.

 

"Person"
means a corporation, an association, a partnership, organization, a business, an individual, a government or political subdivision
thereof or a governmental agency.

 

"Securities Act"
means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

"Set Price"
shall have the meaning set forth in Section 4.

 

Section 6. Except as
expressly provided herein, no provision of this Debenture shall alter or impair the obligation of the Company, which is absolute
and unconditional, to pay the principal of, interest and liquidated damages (if any) on, this Debenture at the time, place, and
rate, and in the coin or currency, herein prescribed. This Debenture is a direct debt obligation of the Company. This Debenture
ranks pari passu with all other Debentures now or hereafter issued under the terms set forth herein. As long as this Debenture
is outstanding, the Company shall not and shall cause it subsidiaries not to, without the consent of the Holder, (a) amend its
certificate of incorporation, bylaws or other charter documents so as to adversely affect any rights of the Holder; (b) repay,
repurchase or offer to repay, repurchase or otherwise acquire more than a de minimis number of shares of its Common Stock or other
equity securities other than as to the Underlying Shares to the extent permitted or required under the Transaction Documents or
as otherwise permitted by the Transaction Documents; or (c) enter into any agreement with respect to any of the foregoing.

 

Section 7. If this
Debenture shall be mutilated, lost, stolen or destroyed, the Company shall execute and deliver, in exchange and substitution for
and upon cancellation of a mutilated Debenture, or in lieu of or in substitution for a lost, stolen or destroyed Debenture, a new
Debenture for the principal amount of this Debenture so mutilated, lost, stolen or destroyed but only upon receipt of evidence
of such loss, theft or destruction of such Debenture, and of the ownership hereof, and indemnity, if requested, all reasonably
satisfactory to the Company.

 

Section 8. So long
as any portion of this Debenture is outstanding, the Company will not and will not permit any of its subsidiaries to, directly
or indirectly, enter into, create, incur, assume or suffer to exist any indebtedness of any kind, on or with respect to any of
its property or assets now owned or hereafter acquired or any interest therein or any income or profits therefrom that is senior
in any respect to the Company's obligations under the Debentures without the prior consent of the Holder, which consent shall not
be unreasonably withheld.

 

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Section 9. All questions
concerning the construction, validity, enforcement and interpretation of this Debenture shall be governed by and construed and
enforced in accordance with the internal laws of the State of Florida, without regard to the principles of conflicts of law thereof.
Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions contemplated
by any of the Transaction Documents (whether brought against a party hereto or its respective affiliates, directors, officers,
shareholders, employees or agents) shall be commenced in the state and federal courts sitting in Broward County, Florida (the "Florida
Courts"). Each party hereto hereby irrevocably submits to the exclusive jurisdiction of the Florida Courts for the adjudication
of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with
respect to the enforcement of any of the Transaction Documents), and hereby irrevocably waives, and agrees not to assert in any
suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, or such Florida
Courts are improper or inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process
and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified
mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Debenture
and agrees that such Service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein
shall be deemed to limit in any way any right to serve process in any manner permitted by law. Each party hereto hereby irrevocably
waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out
of or relating to this Debenture or the transactions contemplated hereby. If either party shall commence an action or proceeding
to enforce any provisions of this Debenture, then the prevailing party in such action or proceeding shall be reimbursed by the
other party for its attorneys fees and other costs and expenses incurred with the investigation, preparation and prosecution of
such action or proceeding.

 

Section 10. Any waiver
by the Company or the Holder of a breach of any provision of this Debenture shall not operate as or be construed to be a waiver
of any other breach of such provision or of any breach of any other provision of this Debenture. The failure of the Company or
the Holder to insist upon strict adherence to any term of this Debenture on one or more occasions shall not be considered a waiver
or deprive that party of the right thereafter to insist upon strict adherence to that term or any other term of this Debenture.
Any waiver must be in writing.

 

Section 11. If any
provision of this Debenture is invalid, illegal or unenforceable, the balance of this Debenture shall remain in effect, and if
any provision is inapplicable to any person or circumstance, it shall nevertheless remain applicable to all other persons and circumstances.
If it shall be found that any interest or other amount deemed interest due hereunder violates applicable laws governing usury,
the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum permitted rate of interest. The
Company covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay, extension or usury law or other law which would prohibit or forgive
the Company from paying all or any portion of the principal of or interest on the Debentures as contemplated herein, wherever enacted,
now or at any time hereafter in force, or which may affect the covenants or the performance of this indenture, and the Company
(to the extent it may lawfully do so) hereby expressly waives all benefits or advantage of any such law, and covenants that it
will not, by resort to any such law, hinder, delay or impeded the execution of any power herein granted to the Holder, but will
suffer and permit the execution of every such as though no such law has been enacted.

 

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Section 12. Whenever
any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment shall be made on the next
succeeding Business Day.

 

*********************

Original Issuance Date: October 6, 2009

Effective Date/Date of Issuance: January
22, 2015

Amount of Debenture/Amount Due./Principal
Sum: $75,273.43

Due Date/Maturity Date: January 21, 2017

Name
of Company/Address: Forex International Trading Corp.,
a Nevada Corporation, having a principal place of business at 49 Front Stree, Suite 206, Rockville Centre NY 11570

The Company has caused
this Convertible Debenture

to be duly executed by a duly authorized
officer as of the date first above indicated.

 

	 	Forex International Trading Corp.
	 	 
	 	By: 	/s/Igwekali Reginald Emmanuel
	 	 	
	 	Name:	Igwekali Reginald Emmanuel
	 	Title:	President, Chief Executive Officer,
	 	 	Secretary and Treasurer as well as 
	 	 	Chairman of the Board of Directors

 

 

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EXHIBIT A - NOTICE OF CONVERSION

 

The undersigned hereby elects to convert
$_________________principal amount of the Note (defined below) into that number of shares of Common Stock to be issued pursuant
to the conversion of the Note (“Common Stock”) as set forth below, of Forex International Trading Corp., a Nevada corporation
(the “Borrower”) according to the conditions of the convertible note of the Borrower (the “Note”), as of
the date written below. No fee will be charged to the Holder for any conversion, except for transfer taxes, if any.

 

Box Checked as to applicable instructions:

 

[ ] The Borrower shall electronically transmit the Common Stock
issuable pursuant to this Notice of Conversion to the account of the undersigned or its nominee with DTC through its Deposit Withdrawal
Agent Commission system (“DWAC Transfer”).

 

Name of DTC Prime Broker:

Account Number:

 

[ ] The undersigned hereby requests that the Borrower issue
a certificate or certificates for the number of shares of Common Stock set forth below (which numbers are based on the Holder’s
calculation attached hereto) in the name(s) specified immediately below or, if additional space is necessary, on an attachment
hereto:

 

_________________

_________________

_________________

 

 

Date of Conversion: _____________

Applicable Conversion Price: $____________

Number of Shares of Common Stock to be Issued

Pursuant to Conversion of the Notes: ______________

Amount of Principal Balance Due remaining

Under the Note after this conversion: ______________

 

 

By:_____________________________

Name:

Title:

Date: ______________

 

10Exhibit 10.1

 

EXCHANGE AGREEMENT

 

 

THIS AGREEMENT,
dated the Effective Date below is entered January 22, 2015, a Vladimir Kirish, an individual with an address at 973 Dachia Boulevard,
39/314 Odessa, Ukraine (“Holder”) and Forex International Trading Corp., a Nevada corporation ("Company").

 

WITNESSETH:

WHEREAS, Holder
holds a certain securities debt instrument(s) of the Company, in the principal amounts $196,717.22 as of December 31, 2014 (“Debt”),
which was acquired from a creditor of the Company for cash; and

 

WHEREAS, Holder
is willing to exchange the debt instruments for an issuance of 50,000,000 common shares of the Company (“Stock”) in
order to eliminate the Debt; and

 

WHEREAS, pursuant
to Section 3(a)(9) of the Securities Act of 1933, as amended (the “Act”), the Company desires to exchange with the
Holder, and the Holder desires to exchange with the Company, the debt instruments for the Stock on the terms and conditions of
and as more fully described in this Agreement.

 

NOW, THEREFORE,
in consideration for the foregoing, the parties hereto agree as follows:

 

		1.	Holder and the Company hereby agree to exchange the debt instruments for the Stock. Thus, concurrently
with the execution of this Agreement, Holder surrenders hereby its interest in the debt instruments strictly for the conversion
and related rights and Holder will endeavor to use best efforts to deliver to the Company any promissory notes, commercial paper,
or other evidences of the debt instruments and the Company shall execute and deliver to Holder an original, executed Stock Certificate
to reflect the conversion. The exchange of the debt instruments for the Stock is being consummated without registration under the
Securities Act of 1933, as amended (the “Act”), pursuant to the exemption from registration contained in Section 3(a)(9)
of the Act. The Company has not engaged in any general solicitation or engaged or agreed to compensate any broker or agent in connection
with the transactions contemplated by this Agreement. None of the Company, its subsidiaries, any of their affiliates, and any person
acting on their behalf has, directly or indirectly, made any offers or sales of any security or solicited any offers to buy any
security, under circumstances that would require registration of any of the Stock under the Act.

 

		2.	Holder represents and warrants to, and covenants and agrees with, the Company as follows:

 

 

		a.	Holder is (i) an "accredited investor" as that term is defined in Rule 501 of the General
Rules and Regulations under the Securities Act of 1933, as amended, the "Act" by reason of Rule 501 and (ii) able, by
reason of the business and financial experience of its officers (if an entity) and professional advisors (who are not affiliated
with or compensated in any way by the Company or any of its affiliates or selling agents), to protect its own interests in connection
with the transactions described in this Agreement, and the related documents

 

    	 

    	 

    

 

		3.	This Agreement shall be governed by and interpreted in accordance with the laws of the State of
New York without reference to conflict of laws principles A facsimile transmission of this signed Agreement shall be legal and
binding on all parties hereto. This Agreement may be signed in one or more counterparts, each of which shall be deemed an original.
The headings of this Agreement are for convenience of reference and shall not form part of, or affect the interpretation of, this
Agreement. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability
shall not affect the validity or enforceability of the remainder of this Agreement or the validity or enforceability of this Agreement
in any other jurisdiction. This Agreement may be amended only by an instrument in writing signed by the party to be charged with
enforcement. This Agreement, and the Debenture attached hereto, contains the entire agreement of the parties with respect to the
subject matter hereto, superseding all prior agreements, understandings or discussions except for the statements made by the Company
in joining the Assignment and Assumption Agreement of on or about this date relating to the Debt.

 

The Company and Holder
have caused this Agreement to be executed by their duly authorized representatives on the date as first written above.

 

Effective Date: January
22, 2015

Name of Original Debt
Holder: Glendon Advisors

Amount of Debt as of
12/31/2014: $196,717.22

Name of Trading Company:
Forex International Trading Corp.

State of Incorporation
of Trading Company: Nevada

 

 

	 	Forex International Trading Corp.
	 	 
	 	By: 	/s/Igwekali Reginald Emmanuel
	 	Name:	Igwekali Reginald Emmanuel		
	 	Title:	President, Chief Executive Officer,
	 	 	Secretary and Treasurer as well as 
	 	 	Chairman of the Board of Directors

 

	 	By:	
/s/ Vladimir Kirish
	 	Name:	Vladimir Kirish

 

 

 

2

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