EXHIBIT
4.1
SECURED FINANCIAL NETWORK,
INC.
PROMISSORY NOTE
THE SECURITIES REPRESENTED BY THIS INSTRUMENT
HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES
LAWS OF ANY STATE OR OTHER JURISDICTION. WITHOUT SUCH
REGISTRATION, SUCH SECURITIES MAY NOT BE SOLD, PLEDGED,
HYPOTHECATED OR OTHERWISE TRANSFERRED, EXCEPT UPON DELIVERY TO
SECURED FINANCIAL NETWORK, INC., A NEVADA COMPANY (THE "COMPANY"),
OF AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT
REGISTRATION IS NOT REQUIRED FOR SUCH TRANSFER OR THE SUBMISSION TO
THE COMPANY OF SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY TO IT TO
THE EFFECT THAT ANY SUCH TRANSFER SHALL NOT BE IN VIOLATION OF THE
SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE OR FOREIGN
SECURITIES LAWS OR ANY RULE OR REGULATION PROMULGATED
THEREUNDER.
Secured Financial Network Inc., a Nevada
corporation (the “Company”), for value received hereby
promises to pay to T Squared Investments, LLC, a Delaware limited
liability company, or registered assigns (the
“Holder”), the principal amount of One Hundred Thousand
Dollars ($100,000.00) with interest on the unpaid principal of this
Note, from the date hereof, at the rate of fifteen percent (15%)
per annum, compounded monthly, except as otherwise may be provided
herein. All payments hereunder are payable in lawful
money of the United States of America at the place the Holder may
designate in writing to the Company.
Interest on this Note shall be computed for the
actual number of days elapsed and on the basis of a year consisting
of 360 days, compounded monthly, unless the maximum legal interest
rate would thereby be exceeded, in which event, to the extent
necessary to avoid exceeding such maximum rate, interest shall be
computed on the basis of the actual number of days elapsed in the
applicable calendar year in which it accrued. It is the
intention of the Company and the Holder to conform strictly to
applicable usury laws. It is therefore agreed that (a)
the aggregate of all interest and other charges constituting
interest under applicable law and contracted for, chargeable or
receivable under this Note or otherwise in connection with this
loan transaction, shall never exceed the maximum amount of
interest, nor produce a rate in excess of the maximum contract rate
of interest the Holder may charge the Company under applicable law
and in regard to which the Company may not successfully assert the
claim or defense of usury, and (b) if any excess interest is
provided for, it shall be deemed a mistake and the same shall be
refunded to the Company or credited on the unpaid principal balance
hereof and this Note shall be automatically deemed reformed so as
to permit only the collection of the maximum legal contract rate
and amount of interest.
The outstanding principal balance and all
accrued interest of this Note shall be due and payable on August
31, 2009 (the “Maturity Date”), together with all fees
and expenses, if any, due hereunder. This Note may not
be prepaid, at any time, in whole or in part, without the prior
written consent of Holder. Any o
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