Exhibit 10.6


 


CONVERTIBLE PROMISSORY NOTE


 


	 	Date of Issuance
	US$200,000	July 20, 2016


 


 


FOR VALUE RECEIVED,
Cannavoices, Inc., a Florida corporation (the "Company"), hereby promises to pay to the order of Huib Stroomberg
(the "Holder” or “Noteholder"), the principal sum of US $200,000 (the "Principal Amount"),
together with interest thereon from the date of issuance of this convertible promissory note (this "Note"). Interest
will be paid monthly on the 1st of each month at a rate of 15% per annum. Unless earlier converted into Conversion Shares
(as defined below), the principal and accrued interest of this Note will be due and payable by the Company on the one-year anniversary
date of the Note (the "Maturity Date").


 


1.          Payment.
All payments will be made in lawful money of the United States of America at the principal office of the Company, or at such other
place as the Holder may from time to time designate in writing to the Company or in Common Stock (at a fixed rate of $0.75 per
share) at the Holder’s discretion (the “Put Right”). Payment will be credited first to accrued interest due and
payable, with any remainder applied to principal.


 


2.          Security.
This Note is a general unsecured obligation of the Company.


 


3.          Conversion.
This Note will be convertible into Equity Securities pursuant to the following terms.


 


3.1           Definitions.


 


(a)          "Common
Stock" means the Company's common stock.


 


(b)          "Conversion
Shares" means Common stock:


 


"Conversion
Price" means $0.75 per share of Common Stock;


 


(c)          "Exchange
Act" means the Securities Exchange Act of 1934, as amended.


 


(d)          "Securities
Act" means the Securities Act of 1933, as amended.


 


3.2           Share
Target Conversion. The principal balance and unpaid accrued interest on this Note may be converted into Conversion Shares at
the Holder’s election at the Conversion Rate.


 


3.3           Corporate
Transaction Conversion. In the event of a corporate transaction, such as the closing of the sale of substantially all of the
Company’s assets or merger with another entity resulting in the transfer of 50% or more of the outstanding voting securities
of the Company, the Holder may elect that either: (a) the Company will pay the Holder an amount equal to the sum of all accrued
and unpaid interest and principal due and payable on this Note or (b) this Note will convert into that number of Conversion Shares
equal to the quotient obtained by dividing the outstanding principal balance and unpaid accrued interest of this Note on the date
of conversion by the applicable Conversion Price.


 




     


     


    

 


3.4           Mechanics
of Conversion.


 


(a)          Additional
Agreements. The Holder acknowledges that the conversion of this Note into Conversion Shares may require the Holder's execution
of certain agreements relating to the purchase and sale of the Conversion Shares, including registration rights relating to such
securities.


 


(b)          Certificates.
As promptly as practicable after the conversion of this Note and the issuance of the Conversion Shares, the Company (at its expense)
will issue and deliver a certificate or certificates evidencing the Conversion Shares (if certificated) to the Holder, or if the
Conversion Shares are not certificated, will deliver a true and correct copy of the Company's share register reflecting the Conversion
Shares held by the Holder. The Company will not be required to issue or deliver the Conversion Shares until the Holder has surrendered
this Note to the Company (or provided an instrument of cancellation or affidavit of loss).


 


4.          Representations
and Warranties of the Company. In connection with the transactions contemplated by this Note, the Company hereby represents
and warrants to the Holder as follows:


 


4.1           Due
Organization; Qualification and Good Standing. The Company is a corporation duly organized, validly existing and in good standing
under the laws of the State of Florida and has all requisite corporate power and authority to carry on its business as now conducted.
The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify
or to be in good standing would have a material adverse effect on the Company.


 


4.2           Authorization
and Enforceability. Except for the authorization and issuance of the Conversion Shares, all corporate action has been taken
on the part of the Company and its officers, directors and stockholders necessary for the authorization, execution and delivery
of this Note. Except as may be limited by applicable bankruptcy, insolvency, reorganization or similar laws relating to or affecting
the enforcement of creditors' rights, the Company has taken all corporate action required to make all of the obligations of the
Company reflected in the provisions of this Note valid and enforceable in accordance with its terms.


 


4.3           Valid
Issuance of Stock. The Conversion Shares to be issued, sold and delivered upon conversion of this Note will be duly authorized
and validly issued, fully paid and nonassessable an, based in part upon the representations and warranties of the Holder in this
Note, will be issued in compliance with all applicable U.S. federal and state regulations.


 




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5.          Representations
and Warranties of the Holder. In connection with the transactions contemplated by this Note, the Holder hereby represents and
warrants to the Company as follows:


 


5.1           Authorization.
The Holder has full power and authority (and, if an individual, the capacity) to enter into this Note and to perform all obligations
required to be performed by it hereunder. This Note, when executed and delivered by the Holder, will constitute the Holder's valid
and legally binding obligation, enforceable in accordance with its terms, except (a) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium, fraudulent conveyance and any other laws of general application affecting enforcement of
creditors' rights generally, and (b) as limited by laws relating to the availability of specific performance, injunctive relief
or other equitable remedies.


 


5.2           Disclosure
of Information; Non-Reliance. The Holder acknowledges that it has received all the information it considers necessary or appropriate
to enable it to make an informed decision concerning an investment in the Securities. The Holder further represents that it has
had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the offering of
the Securities. The Holder confirms that the Company has not given any guarantee or representation as to the potential success,
return, effect or benefit (either legal, regulatory, tax, financial, accounting or otherwise) of an investment in the Securities.
In deciding to purchase the Securities, the Holder is not relying on the advice or recommendations of the Company and has made
its own independent decision that the investment in the Securities is suitable and appropriate for the Holder. The Holder understands
that no federal or state agency has passed upon the merits or risks of an investment in the Securities or made any finding or determination
concerning the fairness or advisability of this investment.


 


5.3           Investment
Experience. The Holder is an investor in securities of companies in the development stage and acknowledges that it is able
to fend for itself, can bear the economic risk of its investment and has such knowledge and experience in financial or business
matters that it is capable of evaluating the merits and risks of the investment in the Securities.


 


5.4           Accredited
Investor. The Holder is an "accredited investor" within the meaning of Rule 501 of Regulation D promulgated under
the Securities Act. The Holder agrees to furnish any additional information requested by the Company or any of its affiliates to
assure compliance with applicable U.S. federal and state securities laws in connection with the purchase and sale of the Securities.


 




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5.5           Restricted
Securities. The Holder understands that the Securities have not been, and will not be, registered under the Securities Act
or state securities laws, by reason of specific exemptions from the registration provisions thereof which depend upon, among other
things, the bona fide nature of the investment intent and the accuracy of the Holder's representations as expressed herein. The
Holder understands that the Securities are "restricted securities" under U.S. federal and applicable state securities
laws and that, pursuant to these laws, the Holder must hold the Securities indefinitely unless they are registered with
the Securities and Exchange Commission ("SEC") and registered or qualified by state authorities, or an exemption
from such registration and qualification requirements is available. The Holder acknowledges that the Company has no obligation
to register or qualify the Securities for resale and further acknowledges that, if an exemption from registration or qualification
is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding
period for the Securities, and on requirements relating to the Company which are outside of the Holder's control, and which the
Company is under no obligation, and may not be able, to satisfy.


 


Notwithstanding
the above, the Company will register the Conversion Shares and remove any transfer restrictions as soon as practicably allowable
but in no event later than six (6) months from the date of the conversion.


 


5.6           No
General Solicitation. The Holder, and its officers, directors, employees, agents, stockholders or partners have not either
directly or indirectly, including through a broker or finder solicited offers for or offered or sold the Securities by means of
any form of general solicitation or general advertising within the meaning of Rule 502 of Regulation D under the Securities Act
or in any manner involving a public offering within the meaning of Section 4(a)(2) of the Securities Act. The Holder acknowledges
that neither the Company nor any other person offered to sell the Securities to it by means of any form of general solicitation
or advertising within the meaning of Rule 502 of Regulation D under the Securities Act or in any manner involving a public offering
within the meaning of Section 4(a)(2) of the Securities Act.


 


5.7           Residence.
If the Holder is an individual, then the Holder resides in the state or province identified in the address shown on the Holder's
signature page hereto. If the Holder is a partnership, corporation, limited liability company or other entity, then the Holder's
principal place of business is located in the state or province identified in the address shown on the Holder's signature page
hereto.


 


6.          Miscellaneous.


 


6.1           Successors
and Assigns. Except as otherwise provided herein, the terms and conditions of this Note will inure to the benefit of, and be
binding upon, the respective successors and assigns of the parties; provided, however, that the Company may not assign its obligations
under this Note without the written consent of the [Holder/Requisite Noteholders]. This Note is for the sole benefit of the parties
hereto and their respective successors and permitted assigns, and nothing herein, express or implied, is intended to or will confer
upon any other person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of
this Note.


 


6.2           Governing
Law. This Note will be governed by and construed in accordance with the internal laws of the State of Florida without giving
effect to any choice or conflict of law provision or rule (whether of the State of Florida or any other jurisdiction).


 


6.3           Counterparts.
This Note may be executed in counterparts, each of which will be deemed an original, but all of which together will be deemed to
be one and the same agreement. Counterparts may be delivered via facsimile, electronic mail (including PDF or any electronic signature
complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method, and any counterpart
so delivered will be deemed to have been duly and validly delivered and be valid and effective for all purposes.


 




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6.4           Titles
and Subtitles. The titles and subtitles used in this Note are included for convenience only and are not to be considered in
construing or interpreting this Note.


 


6.5           Notices.
All notices and other communications given or made pursuant hereto will be in writing and will be deemed effectively given: (a)
upon personal delivery to the party to be notified; (b) when sent by email or confirmed facsimile; (c) five (5) days after having
been sent by registered or certified mail, return receipt requested, postage prepaid; or (d) one (1) day after deposit with a nationally
recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications will be sent
to the respective parties at the addresses shown on the signature pages hereto (or to such email address, facsimile number or other
address as subsequently modified by written notice given in accordance with this Section 7.5).


 


6.6           Expenses.
Each party will pay all costs and expenses that it incurs with respect to the negotiation, execution, delivery and performance
of this Note. However, the Company agrees to pay for any legal or brokerage fees related to depositing the Conversion Shares into
the Holder’s brokerage account.


 


6.7           Attorneys'
Fees. If any action at law or in equity is necessary to enforce or interpret the terms of this Note, the prevailing party will
be entitled to reasonable attorneys' fees, costs and necessary disbursements in addition to any other relief to which such party
may be entitled.


 


6.8           Entire
Agreement; Amendments and Waivers. This Note constitutes the full and entire understanding and agreement between the parties
with regard to the subject hereof. Any term of this Note may be amended and the observance of any term may be waived (either generally
or in a particular instance and either retroactively or prospectively) with the written consent of the Company and the Holder.


 


6.9           Severability.
If one or more provisions of this Note are held to be unenforceable under applicable law, such provisions will be excluded from
this Note and the balance of the Note will be interpreted as if such provisions were so excluded and this Note will be enforceable
in accordance with its terms.


 


6.10         Legend.
The Holder understands and acknowledges that the Securities may bear the following legend. The Holder further agrees not to make
any disposition of all or any portion of the Securities unless and until there is then in effect a registration statement under
the Securities Act covering such proposed disposition, and such disposition is made in connection with such registration statement.


 




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THIS INSTRUMENT
AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”). THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR UPON RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY
THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER THE ACT.


 


6.11         Acknowledgment.
For the avoidance of doubt, it is acknowledged that the Holder will be entitled to the benefit of all adjustments in the number
of shares of the Company’s capital stock as a result of any splits, recapitalizations, combinations or other similar transactions
affecting the Company’s capital stock underlying the Conversion Shares that occur prior to the conversion of this Note.


 


6.12         Limitation
on Interest. In no event will any interest charged, collected or reserved under this Note exceed the maximum rate then permitted
by applicable law, and if any payment made by the Company under this Note exceeds such maximum rate, then such excess sum will
be credited by the Holder as a payment of principal.


 


6.13         Officers
and Directors Not Liable. In no event will any officer or director of the Company be liable for any amounts due and payable
pursuant to this Note.


 


6.14         Approval.
The Company hereby represents that its board of directors, in the exercise of its fiduciary duty, has approved the Company’s
execution of this Note based upon a reasonable belief that the principal provided hereunder is appropriate for the Company after
reasonable inquiry concerning the Company’s financing objectives and financial situation. In addition, the Company hereby
represents that it intends to use the principal of this Note primarily for the operations of its business, and not for any personal,
family or household purpose.


 


6.15         Waiver
of Jury Trial. EACH PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT
OF THIS NOTE, THE SECURITIES OR THE SUBJECT MATTER HEREOF OR THEREOF. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING
OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING, WITHOUT
LIMITATION, CONTRACT CLAIMS, TORT CLAIMS (INCLUDING NEGLIGENCE), BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY
CLAIMS. THIS SECTION HAS BEEN FULLY DISCUSSED BY EACH OF THE PARTIES HERETO AND THESE PROVISIONS WILL NOT BE SUBJECT TO ANY EXCEPTIONS.
EACH PARTY HERETO HEREBY FURTHER REPRESENTS AND WARRANTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT
SUCH PARTY KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.


 


[signature pageS
follow]


 




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[SIGNATURE PAGE]


 


	 	CANNAVOICES, INC.
	 	 
	 	By	 
	 	Name:	Kevin Gillespie
	 	Title:	President
	 	 	 
	 	Address:  	2203 N. Lois Ave.
	 	 	Suite G300
	 	 	Tampa, FL 33607


 


Agreed to and accepted:


 


	HOLDER	 
	 	 
	By	 	 
	Name:  	Huib Stroomberg	 
	Title:  	Individual	 
	 	 	 
	Address:	105 Cibola Drive	 
	 	Sedonda, AZ 86336	 


 




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