On January 7, 2013, effective December 31, 2012, the Forex International Trading Corporation, Direct JV Investments Inc. and Vulcan Oil & Gas Inc. entered an agreement pursuant to which the Joint Venture Agreement was terminated, the company issued to Vulcan a 4% convertible promissory note in the principal amount of $500,000 and Vulcan issued to the company a 10% Secured and Collateralized Promissory Note in the principal amount of $400,000 in consideration of the Forex Note. The Forex Note maturity date is December 31, 2013, which can be extended by the company for an additional one year at which point the 4% interest rate will increase to 10% per annum. The Forex Note may be prepaid without penalty.

The Vulcan Note has a 10% one-time interest charge on the principal sum. The interest rate will be increased by an additional 4% per annum (e.g. 14% per annum) in the event the principal is not paid by the December 31, 2013 maturity date. The collateral or security of the Vulcan Note is 50,000 watts of solar modules.

The Vulcan Note may be prepaid without penalty.