NEITHER THIS NOTE NOR THE SECURITIES INTO
WHICH THIS NOTE IS CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”) OR ANY
STATE SECURITIES LAWS AND NEITHER THIS NOTE NOR ANY INTEREST THEREIN NOR THE SECURITIES INTO WHICH THIS NOTE IS CONVERTIBLE MAY
BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH
ACT AND SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS.


 


 


CONVERTIBLE
PROMISSORY NOTE


 


	Principal Amount: $60,000	Issue Date: June 10, 2015
		Maturity Date: June 10, 2016


 


 


For good and valuable consideration, Artesanias
Corp., a Nevada Corporation (“Maker”), hereby makes and delivers this Promissory Note (this “Note”)
in favor of CMGT, Inc., or its assigns (“Holder”), and hereby agrees as follows:


 


ARTICLE I.


PRINCIPAL AND INTEREST


 


Section 1.1For value received,
Maker promises to pay to Holder at such place as Holder or its assigns may designate in writing, in currently available funds of
the United States, the principal sum of Sixty Thousand Dollars ($60,000). Maker’s obligation under this Note
shall accrue interest at the rate of Ten Percent (10.0%) per annum from the date hereof until paid in full. Interest shall
be computed on the basis of a 365-day year or 366-day year, as applicable, and actual days lapsed. Accrual of interest shall commence
on the first business day to occur after the Issue Date and continue until payment in full of the principal sum has been made or
duly provided for.


 


Section 1.2


a.                  
All principal and accrued interest then outstanding shall be due
and payable by the Maker on or before June 10, 2016 (the “Maturity Date”).


 


b.                  
All payments shall be applied first to interest, then to principal
and shall be credited to the Maker's account on the date that such payment is physically received by the Holder. 


 


c.                   
Maker shall have the right to prepay all or any part of the principal under this Note. 


 


d.                  
This Note is free from all taxes, liens, claims and encumbrances with respect to the issue
thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Maker and will not impose
personal liability upon the holder thereof.



    	1



    	 



    

 


ARTICLE II.


CONVERSION RIGHTS; CONVERSION PRICE


 


Section 2.1Conversion. The
Holder or its assigns shall have the right, from time to time, at any time following the Issuance Date of this Note, to convert
any part of the outstanding interest or Principal Amount of this Note into fully paid and non-assessable shares of Common Stock
of the Maker (the “Conversion Stock”) at the Conversion Price determined as provided herein. Promptly after delivery
to Maker of a Notice of Conversion of Convertible Note in the form attached hereto as Exhibit 1, properly completed and duly executed
by the Holder or its assigns (a “Conversion Notice”), the Maker shall issue and deliver to or upon the order of the
Holder that number of shares of Common Stock for the that portion of this Note to be converted as shall be determined in accordance
herewith.


 


No fraction of a share
or scrip representing a fraction of a share will be issued on conversion, but the number of shares issuable shall be rounded to
the nearest whole share. The date on which Notice of Conversion is given (the “Conversion Date”) shall be deemed to
be the date on which the Holder delivers the Notice of Conversion duly executed to the Maker. Certificates representing Common
Stock upon conversion will be delivered to the Holder within five (5) trading days from the date the Notice of Conversion is delivered
to the Maker. Delivery of shares upon conversion shall be made to the address specified by the Holder or its assigns in the Notice
of Conversion.


Section 2.2Conversion;
Ownership Limitation and Waiver. The number of shares of Common Stock to be issued upon each conversion of this Note shall
be determined by dividing (i) the amount of Principal and interest to be converted by (ii) the Conversion Price, provided,
however, that in no event shall the Holder be entitled to convert any portion of this Note in excess of that portion of
this Note upon conversion of which the sum of (1) the number of shares of Common Stock beneficially owned by the Holder and its
affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unconverted portion
of the Notes or the unexercised or unconverted portion of any other security of the Maker subject to a limitation on conversion
or exercise analogous to the limitations contained herein) and (2) the number of shares of Common Stock issuable upon the conversion
of the portion of this Note with respect to which the determination of this proviso is being made, would result in beneficial ownership
by the Holder and its affiliates of more than 4.99% of the outstanding shares of Common Stock of the Maker.


The limitations on conversion may
be waived by the Holder upon, at the election of the Holder, not less than 61 days’ prior notice to the Maker, and the provisions
of the conversion limitation shall continue to apply until such 61st day (or such later date, as determined by the Holder, as may
be specified in such notice of waiver).






    	2



    	 



    




Section 2.3. Conversion Price.
The Conversion Price shall equal sixty percent (60%) of the Market Price (as defined herein). “Market Price”
means the average of the lowest three (3) Trading Prices (as defined below) for the Maker’s common stock during the ten (10)
Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means
the closing bid price reported on the electronic marketplace operated by OTC Markets, Inc., or, if the electronic marketplace operated
by OTC Markets, Inc. is not the principal trading market for such security, the closing bid price of such security on the principal
securities exchange or trading market where such security is listed or traded. If the Trading Price cannot be calculated for such
security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by
the Maker and the Holder. “Trading Day” shall mean any day on which the Maker’s common stock is tradable
for any period on the electronic marketplace operated by OTC Markets, Inc., or on the principal securities exchange or other securities
market on which the Maker’s common stock is then being traded.


 


(a)Reorganization,
Reclassification, Merger, Consolidation or Disposition of Assets. In case the Maker shall reorganize its capital,
reclassify its capital stock, consolidate or merge with or into another corporation (where the Maker is not the surviving
corporation or where there is a change in or distribution with respect to the Common Stock of the Maker), or sell, transfer
or otherwise dispose of all or substantially all its property, assets or business to another corporation and, pursuant to the
terms of such reorganization, reclassification, merger, consolidation or disposition of assets, shares of common stock of the
successor or acquiring corporation, or any cash, shares of stock or other securities or property of any nature whatsoever
(including warrants or other subscription or purchase rights) in addition to or in lieu of common stock of the successor or
acquiring corporation (“Other Property”), are to be received by or distributed to the holders of Common Stock of
the Maker, then Holder shall have the right thereafter to receive, upon conversion of this Note, the number of shares of
common stock of the successor or acquiring corporation or of the Maker, if it is the surviving corporation, and Other
Property receivable upon or as a result of such reorganization, reclassification, merger, consolidation or disposition of
assets by a holder of the number of shares of Common Stock into which this Note is convertible immediately prior to such
event. In case of any such reorganization, reclassification, merger, consolidation or disposition of assets, the successor or
acquiring corporation (if other than the Maker) shall expressly assume the due and punctual observance and performance of
each and every covenant and condition of this Note to be performed and observed by the Maker and all the obligations and
liabilities hereunder, subject to such modifications as may be deemed appropriate (as determined in good faith by
resolution of the Board of Directors of the Maker) in order to provide for adjustments of the number of shares of common
stock into which this Note is convertible which shall be as nearly equivalent as practicable to the adjustments provided for
in this Section 2.3(a). For purposes of this Section 2.3(a), “common stock of the successor or acquiring
corporation” shall include stock of such corporation of any class which is not preferred as to dividends or assets over
any other class of stock of such corporation and which is not subject to redemption and shall also include any evidences of
indebtedness, shares of stock or other securities which are convertible into or exchangeable for any such stock, either
immediately or upon the arrival of a specified date or the happening of a specified event and any warrants or other rights to
subscribe for or purchase any such stock. The foregoing provisions of this Section 2.3(a) shall similarly apply to successive
reorganizations, reclassifications, mergers, consolidations or disposition of assets.



    	3



    	 



    




(b)Subsequent Sales of Common Stock. If the Maker
at any time sells, grants any option to purchase, otherwise disposes of, or issues (or announces any sale, grant, or any option
to purchase or other disposition) any Common Stock of the Corporation at an effective price per share that is lower than the conversion
price then in effect (such lower price, the “Base Conversion Price” and such issuances collectively, a “Dillutive
Issuance”), then the Conversion Price shall be reduced to equal the lower of: (i) Base Conversion Price, or (ii) sixty percent
(60%) of the Market Price at the time of the conversion. The following shall not be considered a Dilutive Issuance hereunder:


 


                                
i.           
Shares of common stock issuable upon a forward split, share dividend, or any subdivision applicable
to the Maker’s common stock;


                               
ii.           
 Shares of common stock issued or issuable to employees, officers, or directors of, or consultants
to, the Company as compensation; 


                             
iii.           
Shares of common stock issued or issuable in connection with a merger, acquisition, technology
or intellectual property license, collaboration, research, development or similar agreement, or strategic business partnerships
or joint ventures. 


(c) Notice
of Adjustment. Whenever the number of shares of Common Stock or number or kind of securities or other property issuable upon
the conversion of this Note or the Conversion Price is adjusted, as herein provided, the Maker shall promptly mail by registered
or certified mail, return receipt requested, to the Holder of this Note notice of such adjustment or adjustments setting forth
the number of shares of Common Stock (and other securities or property) issuable upon the conversion of this Note and the Conversion
Price of such shares of Common Stock (and other securities or property) after such adjustment, setting forth a brief statement
of the facts requiring such adjustment and setting forth the computation by which such adjustment was made. Such notice, in the
absence of manifest error, shall be conclusive evidence of the correctness of such adjustment.


Section 2.4. Restrictions on Securities.
This Note has been issued by the Maker pursuant to the exemption from registration under the Securities Act of 1933, as amended
(the “Act”). None of this Note or the shares of Common Stock issuable upon conversion of this Note may be offered,
sold or otherwise transferred unless (i) they first shall have been registered under the Act and applicable state securities laws
or (ii) the Maker shall have been furnished with an opinion of legal counsel (in form, substance and scope reasonably acceptable
to Maker) to the effect that such sale or transfer is exempt from the registration requirements of the Act. Each certificate for
shares of Common Stock issuable upon conversion of this Note that have not been so registered and that have not been sold pursuant
to an exemption that permits removal of the applicable legend, shall bear a legend substantially in the following form, as appropriate:


 


THE SECURITIES REPRESENTED HEREBY HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”). THE SECURITIES REPRESENTED HEREBY MAY NOT BE OFFERED,
SOLD OR OTHERWISE TRANSFERRED UNLESS THEY ARE REGISTERED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, OR SUCH OFFERS, SALES
AND TRANSFERS ARE MADE PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THOSE LAWS.


 



    	4



    	 



    




Upon the request of a holder of a
certificate representing any shares of Common Stock issuable upon conversion of this Note, the Maker shall remove the
foregoing legend from the certificate or issue to such Holder a new certificate free of any transfer legend, if (a) with such
request, the Maker shall have received an opinion of counsel, reasonably satisfactory to the Maker in form, substance and
scope, to the effect that any such legend may be removed from such certificate or (b) a registration statement under the Act
covering such securities is in effect.


 


Section 2.5. Reservation of Common
Stock.


(a)The Maker
covenants that during the period the Note is outstanding, it will reserve from its authorized and unissued Common Stock a sufficient
number of shares to provide for the issuance of Common Stock of the Maker upon the Conversion of the Note. The Maker further covenants
that its issuance of this Note shall constitute full authority to its officers who are charged with the duty of executing stock
certificates to execute and issue the necessary certificates for shares of Common Stock of the Maker issuable upon the conversion
of this Note. The Maker will take all such reasonable action as may be necessary to assure that such shares of Common Stock may
be issued as provided herein without violation of any applicable law or regulation, or of any requirements of OTC Markets, Inc.
(or such other principal market upon which the Common Stock of the Maker may be listed or quoted).


(b)The Maker
shall not by any action, including, without limitation, amending its certificate of incorporation or through any reorganization,
transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek
to avoid the observance or performance of any of the terms of this Note, but will at all times in good faith assist in the carrying
out of all such terms and in the taking of all such actions as may be necessary or appropriate to protect the rights of Holder
against impairment. Without limiting the generality of the foregoing, the Maker will (a) not increase the par value of any shares
of Common Stock issuable upon the conversion of this Note above the amount payable therefor upon such conversion immediately prior
to such increase in par value, (b) take all such action as may be necessary or appropriate in order that the Maker may validly
and legally issue fully paid and nonassessable shares of Common Stock upon the conversion of this Note, and (c) use its best efforts
to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof as may be
necessary to enable the Maker to perform its obligations under this Note.


(c)Upon the
request of Holder, the Maker will at any time during the period this Note is outstanding acknowledge in writing, in form reasonably
satisfactory to Holder, the continuing validity of this Note and the obligations of the Maker hereunder.


(d)Before taking
any action which would cause an adjustment reducing the current Conversion Price below the then par value, if any, of the shares
of Common Stock issuable upon conversion of the Notes, the Maker shall take any corporate action which may be necessary in order
that the Maker may validly and legally issue fully paid and non-assessable shares of such Common Stock at such adjusted Conversion
Price.



    	5



    	 



    




(e)Before taking
any action which would result in an adjustment in the number of shares of Common Stock into which this Note is convertible or in
the Conversion Price, the Maker shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary
from any public regulatory body or bodies having jurisdiction thereof.


(f)If at any
time the Maker does not have a sufficient number of authorized and available shares of Common Stock for issuance upon conversion
of the Note, then the Maker shall call and hold a special meeting of its stockholders within forty-five (45) days of that time
for the sole purpose of increasing the number of authorized shares of Common Stock.


  


ARTICLE III.


REPRESENTATIONS AND WARRANTIES


 


Section 3.1. The Holder represents and warrants to the Maker:


 


(a)                
The Holder of this Note, by acceptance hereof, agrees that this Note is being acquired for investment and that such Holder
will not offer, sell or otherwise dispose of this Note or the Common Stock issuable


upon conversion hereof except under circumstances
that will not result in a violation of the Act or any application state securities laws or similar laws relating to the sale of
securities;


 


(b)                
That Holder understands that none of this Note or the Common Stock issuable upon conversion hereof have been registered
under the Securities Act of 1933, as amended (the “Act”), in reliance upon the exemptions from the registration provisions
of the Act and any continued reliance on such exemption is predicated on the representations of the Holder set forth herein;


 


(c)                
Holder (i) has adequate means of providing for his current needs and possible contingencies, (ii) has no need for liquidity
in this investment, (iii) is able to bear the substantial economic risks of an investment in this Note for an indefinite period,
(iv) at the present time, can afford a complete loss of such investment, and (v) does not have an overall commitment to investments
which are not readily marketable that is disproportionate to Holder’s net worth, and Holder’s investment in this Note
will not cause such overall commitment to become excessive;


 


(d)                
Holder is an “accredited investor” (as defined in Regulation D promulgated under the Act) and the Holder’s
total investment in this Note does not exceed 10% of the Holder’s net worth; and


 


(e)                
Holder recognizes that an investment in the Maker involves significant risks and only investors who can afford the loss
of their entire investment should consider investing in the Maker and this Note.



    	6



    	 



    




 


Section 3.2The Maker represents
and warrants to Holder:


 


(a)               
Organization and Qualification. The Maker and each of its Subsidiaries (as defined
below), if any, is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which
it is incorporated, with full power and authority (corporate and other) to own, lease, use and operate its properties and to carry
on its business as and where now owned, leased, used, operated and conducted. The Maker and each of its Subsidiaries is duly qualified
as a foreign corporation to do business and is in good standing in every jurisdiction in which its ownership or use of property
or the nature of the business conducted by it makes such qualification necessary except where the failure to be so qualified or
in good standing would not have a Material Adverse Effect. “Material Adverse Effect” means any material adverse effect
on the business, operations, assets, financial condition or prospects of the Maker or its Subsidiaries, if any, taken as a whole,
or on the transactions contemplated hereby or by the agreements or instruments to be entered into in connection herewith. “Subsidiaries”
means any corporation or other organization, whether incorporated or unincorporated, in which the Maker owns, directly or indirectly,
any equity or other ownership interest.


 


(b)              
Authorization; Enforcement. (i) The Maker has all requisite corporate power and authority
to enter into and perform this Note and to consummate the transactions contemplated hereby and thereby and to issue the Common
Stock, in accordance with the terms hereof, (ii) the execution and delivery of this Note by the Maker and the consummation by it
of the transactions contemplated hereby and thereby (including without limitation, the issuance of the Note and the issuance and
reservation for issuance of the Common Stock issuable upon conversion or exercise hereof) have been duly authorized by the Maker’s
Board of Directors and no further consent or authorization of the Maker, its Board of Directors, or its shareholders is required,
(iii) this Note has been duly executed and delivered by the Maker by its authorized representative, and such authorized representative
is the true and official representative with authority to sign this Note and the other documents executed in connection herewith
and bind the Maker accordingly, and (iv) this Note constitutes, a legal, valid and binding obligation of the Maker enforceable
against the Maker in accordance with its terms.


 


(c)               
Issuance of Shares. The Conversion Shares are duly authorized and reserved for issuance
and, upon conversion of the Note in accordance with its respective terms, will be validly issued, fully paid and non-assessable,
and free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive
rights or other similar rights of shareholders of the Maker and will not impose personal liability upon the holder thereof.


 


(d)              
Acknowledgment of Dilution. The Maker understands and acknowledges the potentially
dilutive effect to the Common Stock upon the issuance of the Conversion Shares upon conversion of this Note. The Maker further
acknowledges that its obligation to issue Conversion Shares upon conversion of this Note is absolute and unconditional regardless
of the dilutive effect that such issuance may have on the ownership interests of other shareholders of the Maker.



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(e)               
No Conflicts. The execution, delivery and performance the Note by the Maker and the
consummation by the Maker of the transactions contemplated hereby (including, without limitation, the issuance and reservation
for issuance of the Conversion Shares) will not (i) conflict with or result in a violation of any provision of the Articles of
Incorporation or By-laws of the Maker, or (ii) violate or conflict with, or result in a breach of any provision of, or constitute
a default (or an event which with notice or lapse of time or both could become a default) under, or give to others any rights of
termination, amendment, acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which
the Maker or any of its Subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or
decree (including federal and state securities laws and regulations and regulations of any self-regulatory organizations to which
the Maker or its securities are subject) applicable to the Maker or any of its Subsidiaries or by which any property or asset of
the Maker or any of its Subsidiaries is bound or affected (except for such conflicts, defaults, terminations, amendments, accelerations,
cancellations and violations as would not, individually or in the aggregate, have a Material Adverse Effect). Neither the Maker
nor any of its Subsidiaries is in violation of its Certificate of Incorporation, By-laws or other organizational documents and
neither the Maker nor any of its Subsidiaries is in default (and no event has occurred which with notice or lapse of time or both
could put the Maker or any of its Subsidiaries in default) under, and neither the Maker nor any of its Subsidiaries has taken any
action or failed to take any action that would give to others any rights of termination, amendment, acceleration or cancellation
of, any agreement, indenture or instrument to which the Maker or any of its Subsidiaries is a party or by which any property or
assets of the Maker or any of its Subsidiaries is bound or affected, except for possible defaults as would not, individually or
in the aggregate, have a Material Adverse Effect. The businesses of the Maker and its Subsidiaries, if any, are not being conducted,
and shall not be conducted so long as the Buyer owns any of the Securities, in violation of any law, ordinance or regulation of
any governmental entity. Except as specifically contemplated by this Agreement and as required under the 1933 Act and any applicable
state securities laws, the Maker is not required to obtain any consent, authorization or order of, or make any filing or registration
with, any court, governmental agency, regulatory agency, self regulatory organization or stock market or any third party in order
for it to execute, deliver or perform any of its obligations under this Agreement, the Note in accordance with the terms hereof
or thereof or to issue and sell the Note in accordance with the terms hereof and to issue the Conversion Shares upon conversion
of the Note. All consents, authorizations, orders, filings and registrations which the Maker is required to obtain pursuant to
the preceding sentence have been obtained or effected on or prior to the date hereof. The Maker and its Subsidiaries are unaware
of any facts or circumstances which might give rise to any of the foregoing. 


 


ARTICLE IV.


EVENTS OF DEFAULT


Section 4.1.Default.
The following events shall be defaults under this Note: (“Events of Default”):


(a)default in
the due and punctual payment of all or any part of any payment of interest or the Principal Amount as and when such amount or such
part thereof shall become due and payable hereunder; or



    	8



    	 



    




(b)failure on
the part of the Maker duly to observe or perform in all material respects any of the covenants or agreements on the part of the
Maker contained herein (other than those covered by clause (a) above) for a period of 10 business days after the date on which
written notice specifying such failure, stating that such notice is a “Notice of Default” hereunder and demanding that
the Maker remedy the same, shall have been given by the Holder by registered or certified mail, return receipt requested, to the
Maker; or


(c)any representation,
warranty or statement of fact made by the Maker herein when made or deemed to have been made, false or misleading in any material
respect; provided, however, that such failure shall not result in an Event of Default to the extent it is corrected
by the Maker within a period of 5 business days after the date on which written notice specifying such failure, stating that such
notice is a “Notice of Default” hereunder and


demanding that the Maker remedy same,
shall have been given by the Holder by registered or certified mail, return receipt requested; or


(d)any of the
following actions by the Maker pursuant to or within the meaning title 11, U.S. Code or any similar federal or state law for the
relief of debtors (collectively, the “Bankruptcy Law”): (A) commencement of a voluntary case or proceeding, (B) consent
to the entry of an order for relief against it in an involuntary case or proceeding, (C) consents to the appointment of a receiver,
trustee, assignee, liquidator or similar official under any Bankruptcy Law (each, a “Custodian”), of it or for all
or substantially all of its property, (D) a general assignment for the benefit of its creditors, or (E) admission in writing its
inability to pay its debts as the same become due; or


(e)entry by
a court of competent jurisdiction of an order or decree under any Bankruptcy Law that: (A) is for relief against the Maker in an
involuntary case, (B) appoints a Custodian of the Maker or for all or substantially all of the property of the Maker, or (C) orders
the liquidation of the Maker, and such order or decree remains unstayed and in effect for 60 days; or


(f)The Maker
shall fail to comply with the reporting requirements of the Exchange Act; and/or the Maker shall cease to be subject to the reporting
requirements of the Exchange Act; or


 


(g)the Maker shall: (i) fail to maintain
quotation or listing of its Common Stock on at least one of the electronic marketplace operated by OTC Markets, Inc., the Nasdaq
National Market, the Nasdaq Small Cap Market, the New York Stock Exchange, or the NYSE MKT for any period of two (2) Trading Days
or longer; or (ii) be suspended from trading on any market or electronic quotation system upon which the Common Stock of the Maker
may be listed or quoted for any period of time; or (iii) at any time, be designated as “Caveat Emptor,” or any equivalent
successor to such designation, by OTC Markets, Inc.


 


Section 4.2.Remedies Upon Default.
Upon the occurrence of an event of default by Maker under this Note, then, in addition
to all other rights and remedies at law or in equity, Holder may exercise any one or more of the following rights and remedies:



    	9



    	 



    




 


a. Accelerate the time
for payment of all amounts payable under this Note by written notice thereof to Maker, whereupon all such amounts shall be immediately
due and payable.


 


b. Pursue any other rights
or remedies available to Holder at law or in equity.


Section 4.3.
Payment of Costs. The Maker shall reimburse the Holder, on demand, for any and all reasonable costs and expenses,
including reasonable attorneys’ fees and disbursement and court costs, incurred by the Holder in collecting or otherwise
enforcing this Note or in attempting to collect or enforce this Note.


Section 4.4. Powers
and Remedies Cumulative; Delay or Omission Not Waiver of Default. No right or remedy herein conferred upon or reserved to the
Holder is intended to be exclusive of any other right or remedy available to Holder under applicable law, and every such right
and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder
or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or
otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. No delay or omission
of the Holder to exercise any right or power accruing upon any Default occurring and continuing as aforesaid shall impair any such
right or power or shall be construed to be a waiver of any such Default or an acquiescence therein; and every power and remedy
given by this Note or by law may be exercised from time to time, and as often as shall be deemed expedient, by the Holder.


Section 4.5. Waiver of Past
Defaults. The Holder may waive any past default or Event of Default hereunder and its consequences but no such waiver shall
extend to any subsequent or other default or Event of Default or impair any right consequent thereon.


 


Section 4.6. Waiver of Presentment
etc. The Maker hereby waives presentment, demand, notice, protest and all other demands and notices in connection with the
delivery, acceptance, performance and enforcement of this Note, except as specifically provided herein.


 


ARTICLE V.


MISCELLANEOUS


 


Section 5.1. Notices. Any notice
herein required or permitted to be given shall be in writing and may be personally served or delivered by courier or sent by United
States mail and shall be deemed to have been given upon receipt if personally served (which shall include telephone line facsimile
transmission) or sent by courier or three (3) days after being deposited in the United States mail, certified, with postage pre-paid
and properly addressed, if sent by mail. Both the Holder or its assigns and the Maker shall specify in writing the address for
service by delivery of written notice to the other as herein provided.


 


Section 5.2. Amendment. This
Note and any provision hereof may be amended only by an instrument in writing signed by the Maker and the Holder.



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Section 5.3. Assignability. This
Note shall be binding upon the Maker and its successors and assigns and shall inure to be the benefit of the Holder and its successors
and assigns; provided, however, that so long as no Event of Default has occurred, this Note shall only be transferable in whole
subject to the restrictions contained in the restrictive legend on the first page of this Note.


 


Section 5.4. Governing Law. This
Note shall be governed by the internal laws of the State of Nevada, without regard to conflicts of laws principles.


Section 5.5. Replacement of
Note. The Maker covenants that upon receipt by the Maker of evidence reasonably satisfactory to it of the loss, theft, destruction
or mutilation of this Note, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which
shall not include the posting of any bond), and upon surrender and cancellation of such Note, if mutilated, the Maker will make
and deliver a new Note of like tenor.


 


Section 5.6. This Note shall not entitle
the Holder to any of the rights of a stockholder of the Maker, including without limitation, the right to vote, to receive dividends
and other distributions, or to receive any notice of, or to attend, meetings of stockholder or any other proceedings of the Maker,
unless and to the extent converted into shares of Common Stock in accordance with the terms hereof.


 


Section 5.7. Severability. In
case any provision of this Note is held by a court of competent jurisdiction to be excessive in scope or otherwise invalid or unenforceable,
such provision shall be adjusted rather than voided, if possible, so that it is enforceable to the maximum extent possible, and
the validity and enforceability of the remaining provisions of this Note will not in any way be affected or impaired thereby.


 


Section 5.8. Headings. The headings
of the sections of this Note are inserted for convenience only and do not affect the meaning of such section.


 


Section 5.9. Counterparts. This
Note may be executed in multiple counterparts, each of which shall be an original, but all of which shall be deemed to constitute
on instrument.


 


IN WITNESS WHEREOF, with
the intent to be legally bound hereby, the Maker as executed this Note as of the date first written above.


 





	Artesanias Corp.

         

         

         

        By: /s/ Chitan Mistry

        Chitan Mistry, President
        and CEO
	Acknowledged by holder:

         

        CMGT, Inc.

         

        By: /s/ Oliver-Barret
        Lindsay

         

        Print name: Oliver-Barret
        Lindsay

         

        Title: President

         







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EXHIBIT 1


 


CONVERSION NOTICE





 


(To be executed by the Holder in order to Convert
the Note)


 


TO:


 


 


The undersigned hereby irrevocably elects to
convert US$______________ of the Principal Amount of the above Note into Shares of Common Stock of Artesanias Corp., according
to the conditions stated therein, as of the Conversion Date written below. If shares are to be issued in the name of a person other
than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto and is delivering herewith such
certificates and opinions as reasonably requested by the Maker in accordance therewith. No fee will be charged to the Holder for
any conversion, except for such transfer taxes, if any.


 


Conversion Date: ___________________________________________


 


Applicable Conversion Price: $____________


 


 


Signature: ___________________________________________


 


Name: ___________________________________________


 


Address: ___________________________________________


 


___________________________________________


 


Tax I.D. or Soc. Sec. No: ___________________________________________


 


Principal Amount to be converted:  US$________________________________________


 


Amount of Note unconverted:


US$________________________________________


 


Number of shares of Common Stock to be issued: ________________________



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