DEBT
CONVERSION AGREEMENT


 


This
Debt Conversion Agreement (the “Agreement”) is entered into effective as of April 26, 2016 by and between
Crystal Resource Corp., a Wyoming corporation (“Holder”) and Valmie Resources Inc., a Nevada
corporation (the “Company”), with reference to the following facts:


 


WHEREAS,
The Company and Holder are parties under a series of Promissory Notes (as further defined in Table 1 attached hereto), in the
aggregate principal amount of $200,000 USD (the “Notes”), copies of which are attached hereto as Exhibit “A”;
and


 


WHEREAS,
such Notes has been fully recognized as an obligation of the Company in it books, records and public filings from the date of
execution; and


 


WHEREAS,
the Holder and the Company desire to convert the Notes into shares of the Company’s Common Stock.


 


NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Holder and the
Company agree as follows:


 


1. Conversion
to Common Stock. Effective as of April 26, 2015, the Notes shall be converted into shares of Common Stock at a price per share
of $0.10 for an aggregate number of shares of 2,000,000. Upon execution of this Agreement, the Company shall instruct its transfer
agent to issue a total of 2,000,000 shares of Common Stock to the Holder (the “Shares”), and the Holder shall
acknowledge the repayment in full of the Notes.


 


2. Accrued
Interest. The Holder hereby agrees to forgive any and all interest that had been accrued or payable pursuant to the Notes
(the “Accrued Interest”). The Holder agrees to execute and deliver such documents and take such other action
as may be necessary to affect the waiver of the Accrued Interest.


 


3. Release
of Security Interests. As a condition to the issuance of the Shares, the Holder hereby cancels, terminates and releases any
and all security interests, liens and other encumbrances held by, or for the benefit of, the Holder with respect to the Notes
in or on the assets, rights or other property of the Company (collectively, the “Security Interests”). The
Holder agrees to execute and deliver such documents and take such other action as may be necessary to affect the complete release
of all Security Interests.


 


4. Registration
Rights. Contemporaneously with the execution and delivery of this Agreement, the Company and the Holder are executing
and delivering a registration rights agreement (the “Registration Rights Agreement”) pursuant to which the
Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations
thereunder, or any similar successor statute (collectively, the “Securities Act”), and applicable state securities
laws, with respect to the shares of Common Stock issuable pursuant to this Agreement.


 






    	 	 



    	 	 



    

 


5. Holder
Representations. The Company is issuing the Common Stock to Holder in reliance upon the following representations made by
Holder:


 


	 	a.	Holder
    acknowledges and agrees that the shares of Common Stock are characterized as “restricted securities” under the
    Securities Act and that, under the Securities Act and applicable regulations thereunder, such securities may not be resold,
    pledged or otherwise transferred without registration under the Securities Act or an exemption therefrom. Holder acknowledges
    and agrees that (i) the shares of Common Stock are being offered in a transaction not involving any public offering in the
    United States within the meaning of the Securities Act, and the shares of Common Stock have not yet been registered under
    the Securities Act, and (ii) such shares of Common Stock may be offered, resold, pledged or otherwise transferred only in
    a transaction registered under the Securities Act, or meeting the requirements of Rule 144, or in accordance with another
    exemption from the registration requirements of the Securities Act (and based upon an opinion of counsel if the Company so
    requests) and in accordance with any applicable securities laws of any State of the United States or any other applicable
    jurisdiction.
	 	 	 
	 	b.	Holder
    acknowledges and agrees that (i) the transfer agent for the shares of Common Stock will not be required to accept for registration
    of transfer any shares except upon presentation of evidence satisfactory to the Company that the restrictions on transfer
    under the Securities Act have been complied with; and (ii) any shares of Common Stock in the form of definitive physical certificates
    will bear a restrictive legend.
	 	 	 
	 	c.	Holder
    acknowledges and agrees that: (i) the shares of Common Stock have not been registered under the Securities Act, or under any
    state securities laws, and are being offered and sold in reliance upon federal and state exemptions for transactions not involving
    any public offering; (ii) Holder is acquiring the shares of Common Stock solely for its own account for investment purposes,
    and not with a view to the distribution thereof in a transaction that would violate the Securities Act or the securities laws
    of any State of the United States or any other applicable jurisdiction; (iii) Holder is a sophisticated purchaser with such
    knowledge and experience in business and financial matters that it is capable of evaluating the merits and risks of purchasing
    the shares of Common Stock; (iv) Holder has had the opportunity to obtain from the Company such information as desired in
    order to evaluate the merits and the risks inherent in holding the shares of Common Stock; (v) Holder is able to bear the
    economic risk and lack of liquidity inherent in holding the shares of Common Stock; (vi) Holder is an “accredited Holder”
    within the meaning of Rule 501(a) and (g) under the Securities Act; and (vii) Holder either has a preexisting personal or
    business relationship with the Company or its officers, directors or controlling persons, or by reason of Holder’s business
    or financial experience, or the business or financial experience of their professional advisors who are unaffiliated with
    and who are not compensated by the Company, directly or indirectly, have the capacity to protect their own interests in connection
    with the purchase of the Common Stock.



 






    	 	 



    	 	 



    

 


	 	d.	Holder’s
    investment in the Company pursuant to this Common Stock is consistent, in both nature and amount, with Holder’s overall
    investment program and financial condition.


 


6. Miscellaneous.



 


	 	a.	This
    Agreement shall be construed and enforced in accordance with the laws of the State of Nevada.
	 	 	 
	 	b.	This
    Agreement constitutes the entire agreement between the parties and supersedes all prior oral or written negotiations and agreements
    between the parties with respect to the subject matter hereof. No modification, variation or amendment of this Agreement (including
    any exhibit hereto) shall be effective unless made in writing and signed by both parties.
	 	 	 
	 	c.	Each
    party to this Agreement hereby represents and warrants to the other party that it has had an opportunity to seek the advice
    of its own independent legal counsel with respect to the provisions of this Agreement and that its decision to execute this
    Agreement is not based on any reliance upon the advice of any other party or its legal counsel. Each party represents and
    warrants to the other party that in executing this Agreement such party has completely read this Agreement and that such party
    understands the terms of this Agreement and its significance. This Agreement shall be construed neutrally, without regard
    to the party responsible for its preparation.
	 	 	 
	 	d.	Each
    party to this Agreement hereby represents and warrants to the other party that (i) the execution, performance and delivery
    of this Agreement has been authorized by all necessary action by such party; (ii) the representative executing this Agreement
    on behalf of such party has been granted all necessary power and authority to act on behalf of such party with respect to
    the execution, performance and delivery of this Agreement; and (iii) the representative executing this Agreement on behalf
    of such party is of legal age and capacity to enter into agreements which are fully binding and enforceable against such party.
	 	 	 
	 	e.	This
    Agreement may be executed in any number of counterparts and may be delivered by facsimile transmission, all of which taken
    together shall constitute a single instrument.



 



    	 	 



    	 	 



    


 


IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth above.


 


	 	Valmie
    Resources, Inc.	 
	 	 	 
	By:	/s/
    Gerald B. Hammack	 
	Name:	Gerald
    B. Hammack	 
	Title:	Chairman
    and CEO	 
	 	 	 
	 	Crystal
    Resource Corp.	 
	 	 	 
	By:	/s/
    Gregory Lyons	 
	Name:	Gregory
    Lyons	 
	Title:	Director	 


  




    	 	 



    	 	 



    


 


Table
1


 


	Promissory
    Note Date	 	Principal
    Amount	 	 	Due
    Date	 	Interest
    Rate	 
	 	 	 	 	 	 	 	 	 
	July
    30, 2015	 	$	20,000	 	 	July
    30, 2017	 	 	15	%
	September
    2, 2015	 	$	7,500	 	 	September
    2, 2017	 	 	15	%
	October
    2, 2015	 	$	10,000	 	 	October
    2, 2017	 	 	15	%
	October
    21, 2015	 	$	15,000	 	 	October
    21, 2017	 	 	15	%
	October
    29, 2015	 	$	25,000	 	 	October
    29, 2017	 	 	15	%
	November
    17, 2015	 	$	25,000	 	 	November
    17, 2017	 	 	15	%
	January
    4, 2016	 	$	25,000	 	 	January
    4, 2018	 	 	15	%
	January
    26, 2016	 	$	10,000	 	 	January
    18, 2018	 	 	15	%
	February
    2, 2016	 	$	7,500	 	 	February
    2, 2018	 	 	15	%
	February
    25, 2016	 	$	25,000	 	 	February
    25, 2018	 	 	15	%
	April
    12, 2016	 	$	15,000	 	 	April
    12, 2018	 	 	15	%
	April
    26, 2016	 	$	15,000	 	 	April
    26, 2018	 	 	15	%
	 	 	 	 	 	 	 	 	 	 	 
	Total	 	$	200,000	 	 	 	 	 	 	 



 




    	 	 



    	 	 



    


 


EXHIBIT
“A”


 






    	 	 



    	 	 



    



 


VALMIE RESOURCES INC.


 


PROMISSORY NOTE


 


	July 30, 2015	 	$20,000.00


 


FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Twenty Thousand Dollars and Zero Cents ($20,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).


 


Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.


 


ARTICLE I.


THE NOTE & SECURITY INTEREST


 


Section 1.01 This Note
is issued by the Company on July 30, 2015 (the “Issuance Date”). On July 30, 2015, Holder hereof made advances
to the Company in the aggregate amount of $20,000.00.


 


Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.


 


ARTICLE II.


PRINCIPAL AND INTEREST PAYMENTS.


 


Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on July 30, 2017 (the “Repayment
Date”).


 


Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.


 


Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.


 



    	 	 



    	 



     


Section 2.04 Whenever any
payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.


 


Section 2.05 Overdue principal
and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate permitted
by applicable law. Overdue principal and interest will be payable on demand.


 


Section 2.06 This Note
may be prepaid at any time.


 


ARTICLE III.


DEFAULT; ACCELERATION


 


The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):


 


Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.


 


Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.


 


Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.


 


Section 3.04 Within 60
days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution or
similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or proceedings
thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings has
been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee, receiver
or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not been vacated.


 


Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.


 


Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.


 



    	 	 



    	 



     


Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.


 


ARTICLE IV.


MISCELLANEOUS


 


Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.


 


Section 4.02 Any term of
this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.


 


Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.


 


Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.


 


Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.


 


Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.


 


Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.


 


Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.


 



    	 	 



    	 



     


Section 4.09 If one or
more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from this
Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.


 


IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.


 


	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/ Gerald
    Hammack
	 	 	Gerald
    Hammack
	 	 	Chairman and President


 



    	 	 



    	 



      


VALMIE RESOURCES INC.


 


PROMISSORY NOTE


 


	September 2, 2015	 	$7,500.00


 


FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Seven Thousand Five Hundred Dollars and Zero Cents ($7,500.00) plus simple
interest on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate
equal to fifteen percent (15%).


 


Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.


 


ARTICLE I.


THE NOTE & SECURITY INTEREST


 


Section 1.01 This Note
is issued by the Company on September 2, 2015 (the “Issuance Date”). On September 2, 2015, Holder hereof made
advances to the Company in the aggregate amount of $7,500.00.


 


Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.


 


ARTICLE II.


PRINCIPAL AND INTEREST PAYMENTS.


 


Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on September 2, 2017 (the
“Repayment Date”).


 


Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.


 


Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.


 



    	 	 



    	 



     


Section 2.04 Whenever any
payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.


 


Section 2.05 Overdue principal
and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate permitted
by applicable law. Overdue principal and interest will be payable on demand.


 


Section 2.06 This Note
may be prepaid at any time.


 


ARTICLE III.


DEFAULT; ACCELERATION


 


The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):


 


Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.


 


Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.


 


Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.


 


Section 3.04 Within 60
days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution or
similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or proceedings
thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings has
been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee, receiver
or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not been vacated.


 


Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.


 


Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.


 



    	 	 



    	 



     


Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.


 


ARTICLE IV.


MISCELLANEOUS


 


Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.


 


Section 4.02 Any term of
this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.


 


Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.


 


Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.


 


Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.


 


Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.


 


Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.


 


Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.


 



    	 	 



    	 



     


Section 4.09 If one or
more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from this
Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.


 


IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.


 


	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald
    Hammack
	 	 	Chairman and President


 



    	 	 



    	 



      


VALMIE RESOURCES INC.


 


PROMISSORY NOTE


 


	October 2, 2015	 	$10,000.00


 


FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Ten Thousand Dollars and Zero Cents ($10,000.00) plus simple interest on
such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal to
fifteen percent (15%).


 


Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.


 


ARTICLE I.


THE NOTE & SECURITY INTEREST


 


Section 1.01 This Note
is issued by the Company on October 2, 2015 (the “Issuance Date”). On October 2, 2015, Holder hereof made advances
to the Company in the aggregate amount of $10,000.00.


 


Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.


 


ARTICLE II.


PRINCIPAL AND INTEREST PAYMENTS.


 


Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on October 2, 2017 (the
“Repayment Date”).


 


Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.


 


Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.


 



    	 	 



    	 



     


Section 2.04 Whenever any
payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.


 


Section 2.05 Overdue principal
and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate permitted
by applicable law. Overdue principal and interest will be payable on demand.


 


Section 2.06 This Note
may be prepaid at any time.


 


ARTICLE III.


DEFAULT; ACCELERATION


 


The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):


 


Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.


 


Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.


 


Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.


 


Section 3.04 Within 60
days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution or
similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or proceedings
thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings has
been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee, receiver
or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not been vacated.


 


Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.


 


Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.


 



    	 	 



    	 



     


Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.


 


ARTICLE IV.


MISCELLANEOUS


 


Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.


 


Section 4.02 Any term of
this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.


 


Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.


 


Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.


 


Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.


 


Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.


 


Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.


 


Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.


 



    	 	 



    	 



     


Section 4.09 If one or
more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from this
Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.


 


IN WITNESS WHEREOF, the Company has executed
this Note by its duly authorized officer as of the date and year first written above.


 


	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald
    Hammack
	 	 	Chairman and President


 



    	 	 



    	 



      


VALMIE RESOURCES INC.


 


PROMISSORY NOTE


 


	October 21, 2015	 	$15,000.00


 


FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Fifteen Thousand Dollars and Zero Cents ($15,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).


 


Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.


 


ARTICLE I.


THE NOTE & SECURITY INTEREST


 


Section 1.01 This Note
is issued by the Company on October 21, 2015 (the “Issuance Date”).On October 21, 2015, Holder hereof made advances
to the Company in the aggregate amount of $15,000.00.


 


Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.


 


ARTICLE II.


PRINCIPAL AND INTEREST PAYMENTS.


 


Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on October 21, 2017 (the
“Repayment Date”).


 


Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.


 


Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.


 



    	 	 



    	 



     


Section 2.04 Whenever any
payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.


 


Section 2.05 Overdue principal
and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate permitted
by applicable law. Overdue principal and interest will be payable on demand.


 


Section 2.06 This Note
may be prepaid at any time.


 


ARTICLE III.


DEFAULT; ACCELERATION


 


The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):


 


Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.


 


Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.


 


Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.


 


Section 3.04 Within 60
days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution or
similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or proceedings
thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings has
been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee, receiver
or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not been vacated.


 


Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.


 


Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.


 



    	 	 



    	 



     


Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.


 


ARTICLE IV.


MISCELLANEOUS


 


Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.


 


Section 4.02 Any term of
this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.


 


Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.


 


Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.


 


Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.


 


Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.


 


Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.


 


Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.


 



    	 	 



    	 



     


Section 4.09 If one or
more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from this
Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.


 


IN WITNESS WHEREOF, the Company has executed
this Note by its duly authorized officer as of the date and year first written above.


 


	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald
    Hammack
	 	 	Chairman and President


 



    	 	 



    	 



     


VALMIE RESOURCES INC.


 


PROMISSORY NOTE


 


	October 29, 2015	$25,000.00


 


FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Twenty Five Thousand Dollars and Zero Cents ($25,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).


 


Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.


 


ARTICLE I.


THE NOTE & SECURITY
INTEREST


 


Section 1.01 This Note
is issued by the Company on October 29, 2015 (the “Issuance Date”). On October 29, 2015, Holder hereof made
advances to the Company in the aggregate amount of $25,000.00.


 


Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.


 


ARTICLE II.


PRINCIPAL AND INTEREST PAYMENTS.


 


Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on October 29, 2017 (the
“Repayment Date”).


 


Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.


 


Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.


 



    	 	 	 



    	 



     


Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.


 


Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.


 


Section 2.06 This Note
may be prepaid at any time.


 


ARTICLE III.


DEFAULT; ACCELERATION


 


The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):


 


Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.


 


Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.


 


Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.


 


Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.


 


Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.


 


Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.


 



    	 	 	 



    	 



     


Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.


 


ARTICLE IV.


MISCELLANEOUS


 


Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.


 


Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.


 


Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.


 


Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.


 


Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.


 


Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.


 


Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.


 


Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.


 



    	 	 	 



    	 



     


Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.


 


IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.


 


	 	 	Valmie Resources Inc.
	 	 	 
	 	By:	/s/
    Gerald Hammack
	 	 	Gerald
    Hammack
	 	 	Chairman and President


  



    	 	 	 



    	 



      


VALMIE RESOURCES INC.


 


PROMISSORY NOTE


 


	November 17, 2015	$25,000.00


 


FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Twenty Five Thousand Dollars and Zero Cents ($25,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).


 


Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.


 


ARTICLE I.


THE NOTE & SECURITY
INTEREST


 


Section 1.01 This Note
is issued by the Company on November 17, 2015 (the “Issuance Date”). On November 17, 2015, Holder hereof made
advances to the Company in the aggregate amount of $25,000.00.


 


Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.


 


ARTICLE II.


PRINCIPAL AND INTEREST PAYMENTS.


 


Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on November 17, 2017 (the
“Repayment Date”).


 


Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.


 


Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.


 



    	 	 	 



    	 



     


Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.


 


Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.


 


Section 2.06 This Note
may be prepaid at any time.


 


ARTICLE III.


DEFAULT; ACCELERATION


 


The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):


 


Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.


 


Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.


 


Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.


 


Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.


 


Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.


 


Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.


 



    	 	 	 



    	 



     


Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.


 


ARTICLE IV.


MISCELLANEOUS


 


Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.


 


Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.


 


Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.


 


Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.


 


Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.


 


Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.


 


Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.


 


Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.


 



    	 	 	 



    	 



     


Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.


 


IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.


 


	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald Hammack
	 	 	Chairman and President


 



    	 	 	 



    	 



      


VALMIE RESOURCES INC.


 


PROMISSORY NOTE


 


	January 4, 2016	$25,000.00


 


FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Twenty Five Thousand Dollars and Zero Cents ($25,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).


 


Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.


 


ARTICLE I.


THE NOTE & SECURITY INTEREST


 


Section 1.01 This Note
is issued by the Company on January 4, 2016 (the “Issuance Date”). On January 4, 2016, Holder hereof made advances
to the Company in the aggregate amount of $25,000.00.


 


Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.


 


ARTICLE II.


PRINCIPAL AND INTEREST PAYMENTS.


 


Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on January 4, 2018 (the
“Repayment Date”).


 


Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.


 


Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.


 



    	 	 	 



    	 



     


Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.


 


Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.


 


Section 2.06 This Note
may be prepaid at any time.


 


ARTICLE III.


DEFAULT; ACCELERATION


 


The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):


 


Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.


 


Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.


 


Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.


 


Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.


 


Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.


 


Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.


 



    	 	 	 



    	 



     


Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.


 


ARTICLE IV.


MISCELLANEOUS


 


Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.


 


Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.


 


Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.


 


Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.


 


Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.


 


Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.


 


Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.


 


Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.


 



    	 	 	 



    	 



     


Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.


 


IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.


 


	 	 	Valmie Resources Inc.
	 	 	 
	 	By:	/s/
    Gerald Hammack
	 	 	Gerald Hammack
	 	 	Chairman and President


 



    	 	 	 



    	 



    




  


VALMIE RESOURCES INC.


 


PROMISSORY NOTE


 


	January 26, 2016	$10,000.00


 


FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Ten Thousand Dollars and Zero Cents ($10,000.00) plus simple interest on
such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal to
fifteen percent (15%).


 


Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.


 


ARTICLE I.


THE NOTE & SECURITY
INTEREST


 


Section 1.01 This Note
is issued by the Company on January 26, 2016 (the “Issuance Date”). On January 26, 2016, Holder hereof made
advances to the Company in the aggregate amount of $10,000.00.


 


Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.


 


ARTICLE II.


PRINCIPAL AND INTEREST PAYMENTS.


 


Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on January 26, 2018 (the
“Repayment Date”).


 


Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.


 


Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.


 



    	 	 	 



    	 



     


 


Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.


 


Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.


 


Section 2.06 This Note
may be prepaid at any time.


 


ARTICLE III.


DEFAULT; ACCELERATION


 


The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):


 


Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.


 


Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.


 


Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.


 


Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.


 


Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.


 


Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.


 



    	 	 	 



    	 



     


Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.


 


ARTICLE IV.


MISCELLANEOUS


 


Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.


 


Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.


 


Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.


 


Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.


 


Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.


 


Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.


 


Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.


 


Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.


 



    	 	 	 



    	 



     


Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.


 


IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.


 


	 	 	Valmie Resources Inc.
	 	 	 
	 	By:	/s/
    Gerald Hammack
	 	 	Gerald
    Hammack
	 	 	Chairman and President


 



    	 	 	 



    	 



      


VALMIE RESOURCES INC.


 


PROMISSORY NOTE


 


	February 2, 2016	$7,500.00


 


FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Seven Thousand Five Hundred Dollars and Zero Cents ($7,500.00) plus simple
interest on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate
equal to fifteen percent (15%).


 


Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.


 


ARTICLE I.


THE NOTE & SECURITY
INTEREST


 


Section 1.01 This Note
is issued by the Company on February 2, 2016 (the “Issuance Date”). On February 2, 2016, Holder hereof made
advances to the Company in the aggregate amount of $7,500.00.


 


Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.


 


ARTICLE II.


PRINCIPAL AND INTEREST
PAYMENTS.


 


Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on February 2, 2018 (the
“Repayment Date”).


 


Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.


 


Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.


 



    	 	 	 



     


     


Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.


 


Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.


 


Section 2.06 This Note
may be prepaid at any time.


 


ARTICLE III.


DEFAULT; ACCELERATION


 


The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):


 


Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.


 


Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.


 


Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.


 


Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.


 


Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.


 


Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.


 



    	 	 	 



     


     


Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.


 


ARTICLE IV.


MISCELLANEOUS


 


Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.


 


Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.


 


Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.


 


Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.


 


Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.


 


Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.


 


Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.


 


Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.


 



    	 	 	 



     


     


Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.


 


IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.


 


	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald Hammack
	 	 	Chairman and President


 



    	 	 	 



     


      


VALMIE RESOURCES INC.


 


PROMISSORY NOTE


 


	February 25, 2016	$25,000.00


 


FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Twenty Five Thousand Dollars and Zero Cents ($25,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).


 


Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.


 


ARTICLE I.


THE NOTE & SECURITY
INTEREST


 


Section 1.01 This Note
is issued by the Company on February 25, 2016 (the “Issuance Date”). On February 25, 2016, Holder hereof made
advances to the Company in the aggregate amount of $25,000.00.


 


Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.


 


ARTICLE II.


PRINCIPAL AND INTEREST
PAYMENTS.


 


Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on February 25, 2018 (the
“Repayment Date”).


 


Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.


 


Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.


 



    	 	 	 



     


     


Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.


 


Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.


 


Section 2.06 This Note
may be prepaid at any time.


 


ARTICLE III.


DEFAULT; ACCELERATION


 


The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):


 


Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.


 


Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.


 


Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.


 


Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.


 


Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.


 


Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.


 



    	 	 	 



     


     


Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.


 


ARTICLE IV.


MISCELLANEOUS


 


Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.


 


Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.


 


Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.


 


Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.


 


Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.


 


Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.


 


Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.


 


Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.


 



    	 	 	 



     


     


Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.


 


IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.


 


	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald Hammack
	 	 	Chairman and President


 



    	 	 	 



     


      


VALMIE RESOURCES INC.


 


PROMISSORY NOTE


 


	April 12, 2016	$15,000.00


 


FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Fifteen Thousand Dollars and Zero Cents ($15,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).


 


Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.


 


ARTICLE I.


THE NOTE & SECURITY
INTEREST


 


Section 1.01 This
Note is issued by the Company on April 12, 2016 (the “Issuance Date”). On April 15, 2016, Holder hereof made
advances to the Company in the aggregate amount of $15,000.00.


 


Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.


 


ARTICLE II.


PRINCIPAL AND INTEREST
PAYMENTS.


 


Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on April 11, 2018 (the
“Repayment Date”).


 


Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.


 


Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.


 



    	 	 	 



     


     


Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.


 


Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.


 


Section 2.06 This Note
may be prepaid at any time.


 


ARTICLE III.


DEFAULT; ACCELERATION


 


The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):


 


Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.


 


Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.


 


Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.


 


Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.


 


Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.


 


Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.


 



    	 	 	 



     


     


Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.


 


ARTICLE IV.


MISCELLANEOUS


 


Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.


 


Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.


 


Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.


 


Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.


 


Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.


 


Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.


 


Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.


 


Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.


 



    	 	 	 



     


     


Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.


 


IN WITNESS WHEREOF, the Company has executed
this Note by its duly authorized officer as of the date and year first written above.


 


	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald Hammack
	 	 	Chairman and President


 



    	 	 	 



     


    


 


VALMIE RESOURCES INC.


 


PROMISSORY NOTE


 


	April 26, 2016	$15,000.00


 


FOR VALUE RECEIVED, Valmie
Resources, Inc. a Nevada corporation (the “Company”), promises to pay to the order of Crystal Resource Corp.
or its permitted assigns, transferees and successors as provided herein (the “Holder”), or as the Holder may
direct, at such location as the Holder may designate, Fifteen Thousand Dollars and Zero Cents ($15,000.00) plus simple interest
on such principal amount from the date of this Promissory Note (the “Note”) at an annual interest rate equal
to fifteen percent (15%).


 


Interest will be computed
on the basis of a year of 365 days for the actual number of days elapsed from the date of this Note. The number of days used to
compute the interest will include the first day but exclude the last day during which any principal is outstanding.


 


ARTICLE I.


THE NOTE & SECURITY
INTEREST


 


Section 1.01 This Note
is issued by the Company on April 26, 2016 (the “Issuance Date”). On April 26, 2016, Holder hereof made advances
to the Company in the aggregate amount of $15,000.00.


 


Section 1.02 As security
for the due performance and payment of Company’s obligation under this Note, Company has granted to Holder a security interest
in any and all of the assets, properties, goods, inventory, equipment, furniture, fixtures, leases, supplies, records, money, documents,
instruments, chattel paper, accounts, intellectual property rights (including but not limited to, copyrights, moral rights, patents,
patent applications, trademarks, service marks, trade names, trade secrets) and other general intangibles, whether owned by Company
on the date of this Note or hereafter acquired, and all proceeds thereof.


 


ARTICLE II.


PRINCIPAL AND INTEREST
PAYMENTS.


 


Section 2.01 The entire
principal amount of this Note together with accrued and unpaid interest thereon will be due and payable on April 26, 2018 (the
“Repayment Date”).


 


Section 2.02 The principal
and interest on this Note will be payable in the lawful currency of the United States of America by wire transfer or other such
immediately available funds and without set-off or counterclaim, free and clear of and without deduction for any present or future
taxes, restrictions or conditions of any nature.


 


Section 2.03 All payments
under this Note prior to demand or acceleration will be applied first, to any and all costs, expenses or charges then owed by the
Company to the Holder, second, to accrued and unpaid interest, and third, to the unpaid principal balance. All payments so received
after demand or acceleration will be applied in such manner as the Holder may determine in its sole and absolute discretion.


 



    	 	 	 



     


     


Section 2.04 Whenever
any payment on this Note is stated to be due on a day which is not a business day, the payment will be made on the next succeeding
business day and the extension of time will be included in the computation of the payment of interest of this Note.


 


Section 2.05 Overdue
principal and interest will bear interest at a rate equal to the greater of (i) twenty-five percent (25%) or (ii) the highest rate
permitted by applicable law. Overdue principal and interest will be payable on demand.


 


Section 2.06 This Note
may be prepaid at any time.


 


ARTICLE III.


DEFAULT; ACCELERATION


 


The occurrence of any one
or more of the following events with respect to the Company constitutes an event of default hereunder (“Event of Default”):


 


Section 3.01 The Company
fails to pay: (a) the principal of this Note or the accrued interest thereon when due; or (b) the principal or the accrued interest
on any other obligation of the Company to the Holder when due.


 


Section 3.02 The Company
breaches, in any materially respect, any covenant, representation or warranty in this Note or the term of any other existing instrument
or agreement between the Company and the Holder.


 


Section 3.03 The Company
(a) voluntarily becomes subject to any proceeding under the Bankruptcy Code or any similar remedy under state statutory or common
law, or (b) admits in writing its inability to pay debts generally as they become due.


 


Section 3.04 Within
60 days after the commencement of proceedings against the Company seeking any bankruptcy, insolvency, liquidation, dissolution
or similar relief under any present or future statute, law or regulation (a) such action has not been dismissed or all orders or
proceedings thereunder affecting the operations or the business of the Company stayed, or (b) the stay of any such order or proceedings
has been set aside, or, within 60 days after the appointment without the consent or acquiescence of the Company of any trustee,
receiver or liquidator of the Company or of all or any substantial part of the properties of the Company, the appointment has not
been vacated.


 


Section 3.05 Any litigation
is commenced against the Company by a person other than Holder, any of its affiliates, or any person acting in concert with them,
if: (a) the damages sought are in excess of $250,000.


 


Section 3.06 The Company
defaults under any instrument or agreement between the Company and any third party evidencing indebtedness of the Company in excess
of $250,000.


 



    	 	 	 



     


     


Upon the occurrence of
an Event of Default under this Note, the entire unpaid principal balance of this Note, together with all accrued interest thereon,
shall become immediately due and payable regardless of any prior forbearance and without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Company. The Holder may exercise any and all rights and remedies
available to the Holder under applicable law, including, without limitation, the right to collect from the Company all amounts
due under this Note.


 


ARTICLE IV.


MISCELLANEOUS


 


Section 4.01 The Company
waives diligence, presentment, protest, demand and notice of protest, demand, dishonor and nonpayment of this Note, and expressly
agrees that this Note, and any payment under it, may be extended by the Holder from time to time without in any way affecting the
liability of the Company.


 


Section 4.02 Any term
of this Note may be amended or waived only with the written consent of the Company and the Holder; provided, however,
that, in no event shall the principal amount of this Note be amended without the written consent of the Holder of this Note. By
acceptance hereof, the Holder acknowledges that in the event consent is obtained pursuant to the foregoing sentence, any term of
this Note (other than the principal amount thereof) may be amended or waived with or without the consent of the Holder. Any amendment
or waiver effectuated in accordance with this Section 4.02 shall be binding upon the Company, the Holder and each transferee of
this Note.


 


Section 4.03 All rights
and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs and administrators
of the parties. As used in this Note, the Company includes any corporation, partnership, Limited Liability Company or other entity
that succeeds to or assumes the obligations of the Company under this Note. “Holder” means any person who is at the
time the registered holder of this Note.


 


Section 4.04 The Company
agrees to reimburse the Holder for all attorneys’ fees and expenses incurred by the Holder in connection with the collection
and enforcement of this Note.


 


Section 4.05 The rights
and remedies of the Holder under this Note and as may otherwise be available at law or in equity are cumulative and concurrent
and at the sole discretion of the Holder may be pursued singly, successively or together and exercised as often as the Holder desires.


 


Section 4.06 This Note
will be governed in accordance with the laws of the State of Texas.


 


Section 4.07 Any notice
required or permitted hereunder shall be given in writing and shall be conclusively deemed effectively given upon personal delivery
or delivery by courier, or five days after deposit in the United States mail, by registered or certified mail, postage prepaid.


 


Section 4.08 Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case
of loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of mutilation,
upon surrender and cancellation of this Note, the Company, at its expense, will make and deliver a new Note, of like tenor, in
lieu of the lost, stolen, destroyed or mutilated Note.


 



    	 	 	 



     


     


Section 4.09 If one
or more provisions of this Note are held unenforceable under applicable law, the unenforceable provision will be excluded from
this Note and the balance of this Note will be interpreted as if such provision were so excluded and will be enforceable in accordance
with its terms. The parties to this Note agree to replace any void or unenforceable provision of this Note with a valid and enforceable
provision that will achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision.


 


IN WITNESS WHEREOF, the
Company has executed this Note by its duly authorized officer as of the date and year first written above.


 


	 	 	Valmie Resources Inc.
	 	 	 
	 	By: 	/s/
    Gerald Hammack
	 	 	Gerald Hammack
	 	 	Chairman and President