Exhibit 10.13


 


PROMISSORY NOTE


 


	$384,784.00	December 31, 2015


 


FOR VALUE RECEIVED,
UNORTH, INC., a Delaware corporation at 1600 E Desert Inn Rd, Suite 280, Las Vegas, NV 89169 (the “Borrower”),
hereby promises to pay to MICHAEL FARO, an individual residing at 51 E Campbell Ave, 129#1116, Campbell, CA 95009 (the “Lender”),
the principal sum of THREE HUNDRED EIGHTY-FOUR THOUSAND, SEVEN HUNDRED EIGHTY-FOUR AND 00/100 DOLLARS ($384,784.00), with interest


thereon as set forth herein. The principal
amount of this Promissory Note (this “Note”) and all accrued and unpaid interest thereon shall be paid in full
to the Lender on July 1, 2017 (the “Maturity Date”).


 


1.          Interest.
Interest shall accrue on the outstanding principal amount hereof at a rate of prime rate plus two (2) percent per annum, computed
on the basis of a 360-day year, and shall be payable in arrears on the Maturity Date. Notwithstanding the foregoing provisions
of this Section 1, but subject to applicable law, upon and during the occurrence of an Event of Default (as hereinafter defined),
principal on this Note shall bear interest, from the date of the occurrence of such Event of Default until such Event of Default
is cured or waived, payable on demand in immediately available funds, at a rate equal to eighteen percent (18%) per annum. In
the event that any interest rate provided for herein shall be determined to be unlawful, such interest rate shall be computed
at the highest rate permitted by applicable law. Any payment by the Borrower of any interest amount in excess of that permitted
by law shall be considered a mistake, with the excess being applied to the principal of this Note without prepayment premium or
penalty.


 


2.          Payments
to the Lender. All payments under this Note shall be made to the Lender in lawful money of the United States of America and
in immediately available funds.


 


3.          Prepayments.
The Borrower may prepay any interest or principal on this Note.


 


4.          Events
of Default. The occurrence of any one or more of the following events shall constitute an “Event of Default”
hereunder:


 


(a)          the
Borrower shall fail to make payment when due of any principal of or interest on this Note; or


 


(b)          the
Borrower shall breach any provision of this Note; or


 


(c)          the
commencement of any proceedings (i) in bankruptcy by or against the Borrower, (ii) for the liquidation or reorganization of the
Borrower, (iii) alleging that the Borrower is insolvent or unable to pay its debts as they mature, or (iv) for the readjustment
or arrangement of the Borrower’s debts, whether under the United States Bankruptcy Code or under any other law, whether state
or federal, now or hereafter existing for the relief of debtors, or the commencement of any analogous statutory or non-statutory
proceedings involving the Borrower; or


 




     


     


    

  


(d)          the
appointment of a receiver or trustee for the Borrower, or for any substantial part of the Borrower’s assets or the institution
of any proceedings for the dissolution, or the full or partial liquidation, of the Borrower.


 


5.          Remedies.
If at any time an Event of Default shall have occurred, then this Note


(a) upon the occurrence of an Event
of Default pursuant to Section 4(c) or 4(d) shall immediately become due and payable, without notice, together with reasonable
attorneys’ fees and (b) upon the occurrence of any other Event of Default shall, at the option of the Lender, immediately
become due and payable, without notice, together with reasonable attorneys’ fees if, in either case, the collection hereof
is placed in the hands of an attorney to obtain or enforce payment hereof.


 


6.          Miscellaneous.


 


(a)          Binding
Effect; Assignment. This Note shall be binding upon the successors and permitted assigns of the Borrower. The Borrower may
not assign any of its obligations under this Note without the prior written consent of the Lender, any such purported assignment
without such consent being null and void. The Lender may assign (by direct assignment, participation or any other method) any
of its rights under this Note to any person or entity without the prior written consent of the Borrower.


 


(b)          Remedies
Not Waived. No course of dealing between the Borrower and the Lender or any delay on the part of the Lender in exercising
any rights hereunder shall operate as a waiver of any right. Any waiver by the Lender of any Event of Default under this Note
shall not operate as or be construed to be a waiver of any other default of such provision or of any default of any other provision
of this Note. All rights and remedies of the Lender hereunder are cumulative.


 


(c)          Suits
for Enforcement. Upon the occurrence and during the continuation of any Events of Default, the Lender may proceed to protect
and enforce its rights hereunder by suit in equity, action at law or by other appropriate proceeding, whether for the specific
performance of any covenant or agreement contained in this Note or in aid of the exercise of any power granted in this Note, or
may proceed to enforce the payment of this Note, or to enforce any other legal or equitable right of the Lender.


 


(d)          Collection
Costs. In case of any Event of Default under this Note, the Borrower will pay to the Lender such amounts as shall be sufficient
to cover the costs and expenses of the Lender including reasonable attorneys’ fees and expenses actually incurred due to
such Event of Default.


 


(e)          Amendments.
This Note may not be amended except by an instrument in writing signed by the Borrower and the Lender.


 


(f)          Waivers.
The Borrower expressly waives any presentment, demand, protest, notice of protest, or notice of any kind except as expressly provided
in this Note.


 




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(g)          GOVERNING
LAW. THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO
PRINCIPLES OF CONFLICTS OF LAWS.


 


(h)          JURISDICTION;
SERVICE; WAIVERS. ANY ACTION OR PROCEEDING IN CONNECTION WITH THIS NOTE MAY BE BROUGHT IN A COURT OF RECORD OF THE STATE OF
NEW YORK. THE BORROWER AND THE LENDER HEREBY CONSENT TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS OF THE STATE OF NEW YORK AND
SERVICE OF PROCESS MAY BE MADE UPON THE BORROWER OR THE LENDER BY MAILING A COPY OF THE SUMMONS AND ANY COMPLAINT TO SUCH PERSON,
BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, AT ITS ADDRESS SET FORTH ABOVE. THE LENDER, BY ACCEPTANCE HEREOF, AND
THE BORROWER EACH HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO
THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING
OR MAINTAINING OF ANY SUCH ACTION OR PROCEEDING IN SUCH JURISDICTION.


 


(i)          WAIVER
OF JURY TRIAL. THE LENDER, BY ACCEPTANCE HEREOF, AND THE BORROWER EACH HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY AND
ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, PROCEEDING OR COUNTERCLAIM ARISING IN CONNECTION WITH, OUT OF OR OTHERWISE RELATING
TO THIS NOTE.


 


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page follows.]


 




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IN WITNESS WHEREOF, the Borrower has
caused this Promissory Note to be signed in its name effective as of the date first written above.


 


	 	UNORTH,
    INC.
	 	 	 
	 	By:	/s/
    Michael Faro
	 	Name:	Michael
    Faro (Mar 17, 2016)
	 	Title:	President,
    CEO


 


SIGNATURE PAGE TO 

PROMISSORY NOTE