EXHIBIT
10.2


 


Blake
Furlow


  


2110
N Westgate Dr


 


Boise,
ID 83704


  


December
31, 2017


  


Creative
Learning Corporation 


701
Market Street, Suite 113


St.
Augustine, FL 32095 


 


Re:      
Standby Letter of Credit


 


Dear
Sir or Madam:


 


If
requested by Creative Learning Corporation (the “Company”), in writing, I agree to enter into a Letter of Credit within
ten (10) Business Days of receipt of such notice, subject to the satisfaction of the Funding Conditions (as defined below). The
Letter of Credit will be for $50,000, at market rates and terms. My obligation to provide a Letter of Credit is subject to (a)
the execution and delivery of Definitive Documentation, which shall (i) include terms and conditions reasonably satisfactory to
me and (ii) contain customary representations, warranties, covenants and indemnities (the “Definitive Documentation”)
and (b) the Company reimbursing me for all of my documented out-of-pocket legal and other expenses incurred in connection with
the preparation, negotiation and documentation of the Definitive Documentation and all transactions contemplated thereby, up to
a maximum of $2,500 (with additional fees and expenses, if any, subject to the prior approval of the Company, which approval shall
not be unreasonably withheld, delayed or conditioned (collectively the “Funding Conditions”).


 


In
connection with providing the Letter of Credit, the Company will issue a warrant equal to two (2%) percent of the total commitment
at an exercise price of the last closing price of the Company’s common stock, at the date above expiring five (5) years from the
issuance of such warrant. The shares underlying the warrant shall be registered in the Company’s next registration statement.


 


/s/ Blake
Furlow


Blake
Furlow


 


AGREED
AND ACCEPTED


 


CREATIVE
LEARNING CORPORATION 


 





	/s/
    Christian Miller	 
	Christian Miller, COO	 







 







         


     


    




720
Advisors, LLC


720
Fifth Avenue, 10th Floor






New
York, NY 10019


December
29, 2017


Creative
Learning Corporation 

701 Market Street, Suite 113

 St. Augustine, FL 32095


		Re:	Standby
                                         Letter of Credit






Dear
Sir or Madam:


If
requested by Creative Learning Corporation (the “Company”), in writing, I agree to enter into a Letter of Credit
within ten (10) Business Days of receipt of such notice, subject to the satisfaction of the Funding Conditions (as defined
below). The Letter of Credit will be for $50,000, at market rates and terms. My obligation to provide a Letter of Credit is
subject to (a) the execution and delivery of Definitive Documentation, which shall (i) include terms and conditions
reasonably satisfactory to me and (ii) contain customary representations, warranties, covenants and indemnities (the
“Definitive Documentation”) and (b) the Company reimbursing me for all of my documented out-of-pocket legal and
other expenses incurred in connection with the preparation, negotiation and documentation of the Definitive Documentation and
all transactions contemplated thereby, up to a maximum of $2,500 (with additional fees and expenses, if any, subject to the
prior approval of the Company, which approval shall not be unreasonably withheld, delayed or conditioned (collectively the
“Funding Conditions”).


In
connection with providing the Letter of Credit, the Company will issue a warrant equal to two (2%) percent of the total
commitment at an exercise price of the last closing price of the Company’s common stock, at the date above expiring five (5)
years from the issuance of such warrant. The shares underlying the warrant shall be registered in the Company’s next
registration statement.


720
ADVISORS, LLC


Gary
Herman, Member


AGREED
AND ACCEPTED

	CREATIVE LEARNING CORPORATION	 	 
	 	 	 
	/s/ Christian Miller	 	 
	Christian Miller, COO