8%
PROMISSORY NOTE


 


	$30,000	Date:
    March 2nd, 2016


 


FOR
VALUE RECEIVED, Kore Resources, INC., a Nevada corporation, (“Maker”), promises to pay Murray
Capital Corp. (“Holder”), in lawful money of the United States, the principal sum of Thirty Thousand
Dollars ($30,000.00), plus interest thereon (the “Promissory Note”) from the date of issuance until
paid in full, as set forth below.


 


	1.	Interest
    Rate


 


Interest
on the principal sum of this Promissory Note shall accrue at the rate of eight percent (8%) per annum, compounded annually, based
on a 365-day year and the actual number of days elapsed. Interest shall be payable by Maker on an annual basis and, except as
provided in Paragraph 2 below, shall not be forgiven.


 


	2.	Payments/Forgiveness


 


The
entire principal sum and all accrued but unpaid interest and any other sums payable hereunder shall be due and payable in full
on the one year anniversary date of the date hereof. All payments hereunder shall be applied first to interest then
to principal.


 


	3.	Prepayment


 


The
Maker may prepay all or any portion of the principal of this Promissory Note at any time and from time to time without premium
or penalty. Any such prepayment shall be applied against the installments of principal due under this Promissory Note in the inverse
order of their maturity and shall be accompanied by payment of accrued interest on the amount prepaid to the date of prepayment.


 


	4.	Application
    of Payments


 


All
payments received by Holder shall be applied first to accrued interest, then to other charges due with respect to this Promissory
Note, and then to then-unpaid principal balance.


 






    	 		 



    	 		 



    

 


	5.	Cancellation
    of Promissory Note


 


Upon
the repayment by the Maker of all of its obligations hereunder to the Holder, including, without limitation, the principal amount
of this Promissory Note, plus accrued but unpaid interest, the indebtedness evidenced hereby shall be deemed canceled and paid
in full.


 


	6.	Severability


 


If
any provision of this Promissory Note is, for any reason, invalid or unenforceable, the remaining provisions of this Promissory
Note will nevertheless be valid and enforceable and will remain in full force and effect. Any provision of this Promissory Note
that is held invalid or unenforceable by a court of competent jurisdiction will be deemed modified to the extent necessary to
make it valid and enforceable and as so modified will remain in full force and effect.


 


	7.	Default
    and Remedies


 


	 	a.	Default


 


Maker
will be in default under this Promissory Note if (i) Maker fails to make a payment of principal and/or interest hereunder when
due; or (ii) Maker breaches any other covenant or agreement under this Promissory Note; or (iii) Maker defaults under any other
provision of this Promissory Note or under any guarantee or other agreement providing security for the payment of this Promissory
Note; or (iv) Maker breaches any representation or warranty under this Promissory Note or any such guarantee or other agreement;
or (v) there occurs the liquidation, dissolution, death or incompetency of the Maker or any individual, corporation, partnership
or other entity guaranteeing or providing security for the payment of this Promissory Note; or (vi) there occurs the sale of a
material portion of the business and assets of the Maker or any corporation, partnership or other entity guaranteeing or providing
security for the payment of this Promissory Note; or (vii) there occurs the making of any assignment for the benefit of creditors
by the Maker or by any individual, corporation, partnership or other entity guaranteeing or providing security for the payment
of this Promissory Note; or (viii) Maker is declared to be in default by a court of competent jurisdiction or by an arbitrator
for any reason.


 


	 	b.	Remedies


 


Upon
Maker’s default, Holder may (i) upon fifteen (15) days’ written notice to Maker, declare the entire principal sum
and all accrued and unpaid interest hereunder immediately due and payable and (ii) exercise any and all remedies provided under
applicable law. The Holder’s remedies provided in this Promissory Note shall be cumulative and in addition to all other
remedies available to the Holder under this Promissory Note, at law or in equity (including a decree of specific performance and/or
other injunctive relief), no remedy of the Holder contained herein shall be deemed a waiver of compliance with the provisions
giving rise to such remedy and nothing herein shall limit the Holder’s right to pursue actual damages for any failure by
the Maker to comply with the terms of this Promissory Note. No remedy conferred under this Promissory Note upon the Holder is
intended to be exclusive of any other remedy available to the Holder, pursuant to the terms of this Promissory Note or otherwise.
No single or partial exercise by the Holder of any right, power or remedy hereunder shall preclude any other or further exercise
thereof. The failure of the Holder to exercise any right or remedy under this Promissory Note or otherwise, or delay in exercising
such right or remedy, shall not operate as a waiver thereof. Every right and remedy of the Holder under any document executed
in connection with this transaction may be exercised from time to time and as often as may be deemed expedient by the Holder.
The Maker acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder and that the
remedy at law for any such breach may be inadequate. The Maker therefore agrees that, in the event of any such breach or threatened
breach, the Holder shall be entitled, in addition to all other available remedies, to an injunction restraining any breach, and
specific performance without the necessity of showing economic loss and without any bond or other security being required.


 






    	 		 



    	 		 



    

 


	8.	Waivers


 


	 	a.	Maker,
    and any endorsers or guarantors hereof, severally waive diligence, presentment, protest and demand and also notice of dishonor
    of this Promissory Note. No extension of time for the payment of this Promissory Note, or any installment hereof, agreed to
    by Holder with any person now or hereafter liable for the payment of this Promissory Note, shall affect the original liability
    of Maker under this Promissory Note, even if Maker is not a party to such agreement. Holder may waive its right to require
    performance of or compliance with any term, covenant or condition of this Promissory Note only by express written waiver.
	 	 	 
	 	b.	The
    failure or delay by Holder in exercising any of its rights hereunder in any instance shall not constitute a waiver thereof
    in that or any other instance. Holder may not waive any of its rights except by an instrument in writing signed by the holder.


 


	9.	Miscellaneous


 


	 	a.	Maker
    shall pay all costs, including, without limitation, reasonable attorneys’ fees and costs incurred by Holder in collecting
    the sums due hereunder, whether or not any legal action is actually filed, litigated or prosecuted to judgment or award. In
    the event of any action or legal proceeding concerning this Promissory Note or the enforcement of any rights hereunder, Holder
    shall be entitled to, in addition to any other relief to which Holder may be entitled, all legal and court costs and expenses,
    including reasonable attorneys’ fees, incurred by Holder in connection with such action.



 



    	 		 



    	 		 



    

 


	 	b.	This
    Promissory Note may be modified only by a written agreement executed by Maker and Holder.
	 	 	 
	 	c.	This
    Promissory Note and the obligations of the undersigned shall be governed in all respects by and construed in accordance with
    the laws of the State of Nevada. This Promissory Note shall be deemed a contract made under the laws of the State of Nevada
    and the validity of this Promissory Note and all rights and liabilities hereunder shall be determined under the laws of said
    State. For purposes of any proceeding involving this Promissory Note or any of the obligations of the undersigned, the undersigned
    hereby submits to the non-exclusive jurisdiction of the courts of the State of Nevada having jurisdiction in the State of
    Nevada, and agrees not to raise and waives any objection to or defense based upon the venue of any such court or based upon
    forum non conveniens. The undersigned agrees not to bring any action or other proceeding with respect to this Promissory Note
    or with respect to any of its obligations in any other court unless such courts of the State of Nevada determine that they
    do not have jurisdiction in the matter. 
	 	 	 
	 	d.	The
    terms of this Promissory Note shall inure to the benefit of and bind Maker and Holder and their respective heirs, legal representatives
    and successors and assigns.
	 	 	 
	 	e.	Time
    is of the essence with respect to all matters set forth in this Promissory Note.
	 	 	 
	 	f.	If
    this Promissory Note is destroyed, lost or stolen, Maker will deliver a new Promissory Note to Holder on the same terms and
    conditions as this Promissory Note, with a notation of the unpaid principal and accrued and unpaid interest in substitution
    of the prior Promissory Note. Holder shall furnish to Maker reasonable evidence that the Promissory Note was destroyed, lost
    or stolen and any security or indemnity that may be reasonably required by Maker in connection with the replacement of this
    Promissory Note. 
	 	 	 
	 	g.	All
    payments of principal and interest shall be made in lawful currency of the United States of America to the Holder at the address
    shown above or to a different location upon receipt of written notice from the Holder. 
	 	 	 
	 	h.	The
    Maker agrees to pay on demand (i) all expenses (including, without limitation, legal fees and disbursements) incurred in connection
    with the negotiation and preparation of this Promissory Note and any documents in connection with this Promissory Note, and
    (ii) all expenses of collecting and enforcing this Promissory Note and any guarantee or collateral securing this Promissory
    Note, including, without limitation, expenses and fees of legal counsel, court costs and the cost of appellate proceedings.
	 	 	 
	 	i.	The
    headings of the sections of this Promissory Note are inserted for convenience only and shall not be deemed to constitute a
    part of this Promissory Note.
	 	 	 
	 	j.	This
    Promissory Note may not be amended without the written approval of Holder and Maker.



 



    	 		 



    	 		 



    

 


	 	k.	None
    of the parties hereto will hereafter enter into any agreement, which is inconsistent with the rights granted to the parties
    in this Promissory Note.
	 	 	 
	 	l.	Nothing
    herein expressed or implied is intended or shall be construed to confer upon or give to any person or entity, other than the
    parties to this Promissory Note and their respective permitted successor and assigns, any rights or remedies under or by reason
    of this Promissory Note.
	 	 	 
	 	m.	As
    a material inducement for the Holder to loan to the Maker the monies hereunder, the Maker hereby waives any right to trial
    by jury in any legal proceeding related in any way to this agreement and/or any and all of the other documents associated
    with this transaction.
	 	 	 
	 	n.	This
    Promissory Note (including any recitals hereto) set forth the entire understanding of the parties with respect to the subject
    matter hereof, and shall not be modified or affected by any offer, proposal, statement or representation, oral or written,
    made by or for any party in connection with the negotiation of the terms hereof, and may be modified only by instruments signed
    by all of the parties hereto.


 


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IN
WITNESS WHEREOF, this Promissory Note is executed by the undersigned as of the date set forth above.


 


	 	PROMISSORY NOTE MAKER:
	 	 
	 	KORE RESOURCES, INC.
	 	 
	 	By:	/s/
    Matthew Killeen
	 	Name:	Matthew
    Killeen
	 	Title:	President