Exhibit 10.2


 


Promissory Note


 





FOR GOOD AND VALUABLE CONSIDERATION, the receipt of sufficiency
of which is hereby acknowledged, Branded Legacy, Inc., a Utah company, with its principal place of business at 250 National Pl.,
#162, Longwood, FL 32750 (hereinafter “Borrower”), hereby promises to pay to the order of RB Crown Consulting, LLC.,
with its principal place of business at in Winter Park, FL 32789 (hereinafter “Lender”), the sum, in United States
dollars, of $2,500 (the “Debt”). The Lender may transfer this Note with the prior written approval of Borrower, such
approval not to be unreasonably withheld. The Lender or anyone who takes this Note by Transfer and who is entitled to receive payments
under this Note is called the “Note Holder”.


 


Payment -- On the day
ten (2) years from the date hereof, Borrower will pay to the Lender or Note Holder the sum of $2,500.


 


This Note may be prepaid in full at any
time without cost or penalty to Borrower. If the Borrower fails to make payment in the full on or before the Maturity Date, Borrower
agrees to pay a late charge to Lender or Note Holder in the amount of $1,000 per month until payment in full.


 


Conversion –
The Debt shall not be convertible into common stock of the Borrower.


 


Collateral –
The Debt shall be unsecured.


 


Acceleration –
If any of the following events of default occur, this Note and any other obligations of the Borrower to the Lender shall become
due immediately, without demand or notice.


 


		1)	The dissolution of the Borrower;



		2)	The filing of bankruptcy proceedings involving the Borrower as a debtor;



		3)	The application for the appointment of a receiver for the Borrower;



		4)	The making of a general assignment for the benefit of the Borrower’s creditors;



		5)	The insolvency of the Borrower;



		6)	A misrepresentation by the Borrower to the Lender for the purpose of obtaining or extending credit;



		7)	Failure of the Borrower to fulfill any obligations under this Note.



 


If Borrower fails to cure said default within
thirty (30) days of receipt of notice regarding said default, Lender may, at its sole discretion, exercise any rights and remedies
available to Lender under all applicable state and federal laws. If payment under this Note is not paid on or before the Maturity
Date, the Borrower promised to pay all costs of collection, including reasonable attorney’s fees if allowed under state law,
whether or not a lawsuit is commenced as a part of the collection process. No renewal or extension of this Note, delay in enforcing
any right of the Lender under this Note, or assignment by Lender of this Note shall affect the liability or obligations of the
Borrower. All rights of the Lender under this Note are cumulative and may be exercised concurrently or consecutively at the Lender’s
option. A decision by the Lender not to exercise any remedy under the terms of this Note does not waive Lender’s right to
exercise that remedy at a later date.


 


Liability of Business Borrower—Each
person signing the Note on behalf of a corporation, limited liability company, or other business entity hereby acknowledges and
agrees that (1) they are fully authorized to act on behalf of the Borrower and to bind the Borrower for the purposes of the Note;
and (2) the Borrower is a duly authorized and existing corporation, limited liability company or other business entity in the state
in which they are organized and/or located.


 






     


     


    

 


Waiver—The undersigned
and all other parties to this Note waive demand, presentment and protest and all notices thereto and further agree to remain bound,
notwithstanding any extension, waiver, or other indulgence by any holder or upon the discharge or release of any obligor hereunder
or to this Note. All parties agree and acknowledge the terms “Borrower”, “Lender” and “Note Holder”
as used herein are valid and constitute identical meaning whether employed in singular or plural form, and may represent natural
or legal personalities, as applies.


 


If any one or more of the provisions of
this Note are determined to be unenforceable, in whole or in part, for any reason, the remaining provisions shall remain in full
force and effect.


 


		Borrower
	 	 	 
	 	Branded
    Legacy, Inc.
	 	 	 
	Dated:
    September 21, 2020	By:	/s/
    Jermain Strong
	 	Print
    Name: Jermain Strong
	 	Title:	Chief
    Executive Officer