Document:

EXHIBIT 10.1

 

 EXHIBIT 10.1
 
 
 THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT RELATES TO AN OFFERING OF SECURITIES IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”). 
 NONE OF THE SECURITIES TO WHICH THIS PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE “SUBSCRIPTION AGREEMENT”) RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.  IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933 ACT.
 CONFIDENTIAL
PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT
 (Subscribers Resident Outside of the United States)
 

 TO:
 Bison Petroleum, Corp. (the “Company”)
 2825 E. Cottonwood Park, Suite 544
 Salt Lake City, Utah 84121
 

 

 Purchase of Shares
 
 1.
 Subscription
 
 1.1
 The undersigned (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase from the Company, on the basis of the representations and warranties and subject to the terms and conditions set forth herein, 500,000 (post-split) shares (the “Shares”) at the price of US $0.30 per Share (such subscription and agreement to purchase being the “Subscription”) for the total purchase price of US $150,000 (the “Subscription Proceeds”), in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
 
 1.2
 Each Share will consist of one restricted common share in the capital of the Company. The Shares may be referred to as the “Securities”.
 
 1.3
 Subject to the terms hereof, the Subscription will be effective upon its acceptance by the Company.  The Subscriber acknowledges that the offering of the Shares (the “Offering”) contemplated hereby is part a private placement of approximately 500,000 (post-split) Shares having no maximum subscription level and no minimum aggregate subscription level.
 
 2.
 Payment
 
 2.1
 The Subscription Proceeds must accompany this Subscription and shall be paid by bank wire transfer directly to the Company.
 
 2.2
 The Subscriber acknowledges and agrees that this Subscription Agreement, the Subscription Proceeds and any other documents delivered in connection herewith will be held on behalf of the Company.  In the event that this Subscription Agreement is not accepted by the Company for whatever reason, which the Company expressly reserves the right to do, within 30 days of the delivery of an executed Subscription Agreement by the Subscriber, this Subscription Agreement, the Subscription Proceeds (without interest thereon) and any other documents delivered in connection herewith will be returned to the Subscriber at the address of the Subscriber as set forth in this Subscription Agreement. 
 
 2.3
 Where the Subscription Proceeds are paid to the Company, the Company is entitled to treat such Subscription Proceeds as an interest free loan to the Company until such time as the Subscription is accepted and the certificates representing the Securities have been issued to the Subscriber.
 

 Bison Petroleum, Corp., Private Placement Subscription Agreement
 Page 1
  
 
 

 
 

 

 
 3.
 Documents Required from Subscriber
 
 3.1
 The Subscriber must complete, sign and return to the Company an executed copy of this Subscription Agreement.
 
 3.2
 The Subscriber shall complete, sign and return to the Company as soon as possible, on request by the Company, any documents, questionnaires, notices and undertakings as may be required by regulatory authorities, and applicable law.
 
 4.
 Closing
 
 4.1
 Closing of the offering of the Shares (the “Closing”) shall occur on or before January 22, 2014, or on such other date as may be determined by the Company (the “Closing Date”).
 
 4.2
 The Company may, at its discretion, elect to close the Offering in one or more closings, in which event the Company may agree with one or more subscribers (including the Subscriber hereunder) to complete delivery of the Securities to such subscriber(s) against payment therefore at any time on or prior to the Closing Date.
 
 5.
 Acknowledgements of Subscriber
 
 5.1
 The Subscriber acknowledges and agrees that:
 
 (a)
 none of the Securities have been registered under the 1933 Act, or under any state securities or “blue sky” laws of any state of the United States, and, unless so registered, may not be offered or sold in the United States or, directly or indirectly, to U.S. Persons, as that term is defined in Regulation S under the 1933 Act (“Regulation S”), except in accordance with the provisions of Regulation S, pursuant to an effective registration statement under the 1933 Act, or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the 1933 Act and in each case in accordance with applicable state and federal securities laws; 
 
 (b)
 except as provided in this Subscription Agreement, the Subscriber acknowledges that the Company has not undertaken, and will have no obligation, to register any of the Securities under the 1933 Act;
 
 (c)
 the decision to execute this Subscription Agreement and acquire the Securities hereunder has not been based upon any oral or written representation as to fact or otherwise made by/or on behalf of the Company, and such decision is based entirely upon a review of information (the receipt of which is hereby acknowledged) which has been filed by the Company (the “Public Record”) with the Securities and Exchange Commission (the “SEC”);
 
 (d)
 neither the SEC nor any other securities commission or similar regulatory authority has reviewed or passed on the merits of the Shares;
 
 (e)
 there is no government or other insurance covering any of the Securities;
 
 (f)
 there are risks associated with an investment in the Securities;
 
 (g)
 the Subscriber has not acquired the Shares as a result of, and will not itself engage in, any “directed selling efforts” (as defined in Regulation S under the 1933 Act) in the United States in respect of the Shares which would include any activities undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for the resale of any of the Securities; provided, however, that the Subscriber may sell or otherwise dispose of the Shares pursuant to registration thereof under the 1933 Act and any applicable state and federal securities laws or under an exemption from such registration requirements;
 
 (h)
 the Subscriber and the Subscriber’s advisor(s) have had a reasonable opportunity to ask questions of and receive answers from the Company in connection with the distribution of the 
 

 Bison Petroleum, Corp., Private Placement Subscription Agreement
 Page 2
 

 

 
 

 

 Securities hereunder, and to obtain additional information, to the extent possessed or obtainable without unreasonable effort or expense, necessary to verify the accuracy of the information about the Company;
 
 (i)
 the Subscriber will indemnify and hold harmless the Company and, where applicable, its directors, officers, employees, agents, advisors and shareholders, from and against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all fees, costs and expenses whatsoever reasonably incurred in investigating, preparing or defending against any claim, lawsuit, administrative proceeding or investigation whether commenced or threatened) arising out of or based upon any representation or warranty of the Subscriber contained herein or in any document furnished by the Subscriber to the Company in connection herewith being untrue in any material respect or any breach or failure by the Subscriber to comply with any covenant or agreement made by the Subscriber to the Company in connection therewith;
 
 (j)
 none of the Securities are listed on any stock exchange or automated dealer quotation system and no representation has been made to the Subscriber that any of the Securities will become listed on any stock exchange or automated dealer quotation system, except that currently market makers make a market for the Company’s common shares on the FINRA’s OTC Bulletin Board;
 
 (k)
 the Company will refuse to register any transfer of the Shares not made in accordance with the provisions of Regulation S, pursuant to an effective registration statement under the 1933 Act or pursuant to an available exemption from the registration requirements of the 1933 Act and in accordance with applicable state and federal securities laws;
 
 (l)
 the statutory and regulatory basis for the exemption claimed for the offer of the Shares, although in technical compliance with Regulation S, would not be available if the offering is part of a plan or scheme to evade the registration provisions of the 1933 Act or any applicable state and federal securities laws; 
 
 (m)
 the Subscriber has been advised to consult the Subscriber’s own legal, tax and other advisors with respect to the merits and risks of an investment in the Shares and with respect to applicable resale restrictions, and it is solely responsible (and the Company is not in any way responsible) for compliance with:
 
 (i)
 any applicable laws of the jurisdiction in which the Subscriber is resident in connection with the distribution of the Shares hereunder, and
 
 (ii)
 applicable resale restrictions; and
 
 (n)
 this Subscription Agreement is not enforceable by the Subscriber unless it has been accepted by the Company, and the Subscriber acknowledges and agrees that the Company reserves the right to reject any subscription for any reason.
 
 6.
 Representations, Warranties and Covenants of the Subscriber
 
 (a)
 The Subscriber hereby represents and warrants to and covenants with the Company (which representations, warranties and covenants shall survive the Closing) that:
 
 (b)
 the Subscriber has the legal capacity and competence to enter into and execute this Subscription Agreement and to take all actions required pursuant hereto and, if the Subscriber is a corporation, it is duly incorporated and validly subsisting under the laws of its jurisdiction of incorporation and all necessary approvals by its directors, shareholders and others have been obtained to authorize execution and performance of this Subscription Agreement on behalf of the Subscriber;
 
 (c)
 the entering into of this Subscription Agreement and the transactions contemplated hereby do not result in the violation of any of the terms and provisions of any law applicable to the 
 

 Bison Petroleum, Corp., Private Placement Subscription Agreement
 Page 3
 

 

 
 

 

 Subscriber or of any agreement, written or oral, to which the Subscriber may be a party or by which the Subscriber is or may be bound;
 
 (d)
 the Subscriber has duly executed and delivered this Subscription Agreement and it constitutes a valid and binding agreement of the Subscriber enforceable against the Subscriber in accordance with its terms;
 
 (e)
 the Subscriber is acquiring the Securities pursuant to an exemption from the registration and prospectus requirements of applicable securities legislation in all jurisdictions relevant to this Subscription, and, as a consequence, the Subscriber will not be entitled to use most of the civil remedies available under applicable securities legislation and the Subscriber will not receive information that would otherwise be required to be provided to the Subscriber pursuant to applicable securities legislation;
 
 (f)
 the Subscriber is not acquiring the Shares for the account or benefit of, directly or indirectly, any U.S. Person;
 
 (g)
 the Subscriber is not a U.S. Person;
 
 (h)
 the Subscriber is resident in the jurisdiction set out under the heading “Name and Address of Subscriber” on the signature page of this Subscription Agreement;
 
 (i)
 the sale of the Shares to the Subscriber as contemplated in this Subscription Agreement complies with or is exempt from the applicable securities legislation of the jurisdiction of residence of the Subscriber;
 
 (j)
 the Subscriber is outside the United States when receiving and executing this Subscription Agreement and is acquiring the Shares as principal for the Subscriber’s own account, for investment purposes only, and not with a view to, or for, resale, distribution or fractionalisation thereof, in whole or in part, and no other person has a direct or indirect beneficial interest in such Shares;
 
 (k)
 the Subscriber is not an underwriter of, or dealer in, the common shares of the Company, nor is the Subscriber participating, pursuant to a contractual agreement or otherwise, in the distribution of the Shares;
 
 (l)
 the Subscriber (i) is able to fend for him/her/itself in the Subscription; (ii) has such knowledge and experience in business matters as to be capable of evaluating the merits and risks of its prospective investment in the Shares; and (iii) has the ability to bear the economic risks of its prospective investment and can afford the complete loss of such investment;
 
 (m)
 the Subscriber acknowledges that the Subscriber has not acquired the Shares as a result of, and will not itself engage in, any “directed selling efforts” (as defined in Regulation S under the 1933 Act) in the United States in respect of the Shares which would include any activities undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for the resale of the Shares; provided, however, that the Subscriber may sell or otherwise dispose of the Shares pursuant to registration of the Shares pursuant to the 1933 Act and any applicable state and federal securities laws or under an exemption from such registration requirements and as otherwise provided herein;
 
 (n)
 the Subscriber is not aware of any advertisement of any of the Securities and is not acquiring the Shares as a result of any form of general solicitation or general advertising including advertisements, articles, notices or other communications published in any newspaper, magazine or similar media or broadcast over radio or television, or any seminar or meeting whose attendees have been invited by general solicitation or general advertising; and
 
 (o)
 no person has made to the Subscriber any written or oral representations:
 
 (i)
 that any person will resell or repurchase any of the Securities;
 

 
 Bison Petroleum, Corp., Private Placement Subscription Agreement
 Page 4
 
 
 

 
 

 

 
 (ii)
 that any person will refund the purchase price of any of the Securities;
 
 (iii)
 as to the future price or value of any of the Securities; or
 
 (iv)
 that any of the Securities will be listed and posted for trading on any stock exchange or automated dealer quotation system or that application has been made to list and post any of the Securities of the Company on any stock exchange or automated dealer quotation system.
 
 7.
 Representations and Warranties of the Company
 
 7.1
 The Company acknowledges and agrees that the Subscriber is entitled to rely upon the representations and warranties of the Company contained in this Agreement and further acknowledges that the Subscriber will be relying upon such representations and warranties in purchasing the Shares.
 
 7.2
 The Company warrants that the Public Record fairly represents the status of the Company as at the dates indicated in the Public Record.
 
 8.
 Representations and Warranties will be Relied Upon by the Company
 
 8.1
 The Subscriber acknowledges that the representations and warranties contained herein are made by it with the intention that they may be relied upon by the Company and its legal counsel in determining the Subscriber’s eligibility to purchase the Shares under applicable securities legislation, or (if applicable) the eligibility of others on whose behalf it is contracting hereunder to purchase the Shares under applicable securities legislation.  The Subscriber further agrees that by accepting delivery of the certificates representing the Securities on the Closing Date, it will be representing and warranting that the representations and warranties contained herein are true and correct as at the Closing Date with the same force and effect as if they had been made by the Subscriber at the Closing Date and that they will survive the purchase by the Subscriber of Shares and will continue in full force and effect notwithstanding any subsequent disposition by the Subscriber of such Shares.
 
 9.
 Legending of Subject Securities
 
 9.1
 The Subscriber hereby acknowledges that that upon the issuance thereof, and until such time as the same is no longer required under the applicable securities laws and regulations, the certificates representing any of the Securities will bear a legend in substantially the following form:
 “THESE SECURITIES WERE ISSUED IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”).  ACCORDINGLY, NONE OF THE SECURITIES TO WHICH THIS CERTIFICATE RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933 ACT.”
 
 9.2
 The Subscriber hereby acknowledges and agrees to the Company making a notation on its records or giving instructions to the registrar and transfer agent of the Company in order to implement the restrictions on transfer set forth and described in this Subscription Agreement.
 
 10.
 Costs
 
 10.1
 The Subscriber acknowledges and agrees that all costs and expenses incurred by the Subscriber (including any fees and disbursements of any special counsel retained by the Subscriber) relating to the purchase of the Shares shall be borne by the Subscriber.
 

 Bison Petroleum, Corp., Private Placement Subscription Agreement
 Page 5
 

 

 
 

 

 
 11.
 Governing Law
 
 11.1
 This Subscription Agreement is governed by the laws of the State of Nevada.  The Subscriber, in its personal or corporate capacity and, if applicable, on behalf of each beneficial purchaser for whom it is acting, irrevocably attorns to the jurisdiction of the courts of the State of Nevada.
 
 12.
 Survival
 
 12.1
 This Subscription Agreement, including without limitation the representations, warranties and covenants contained herein, shall survive and continue in full force and effect and be binding upon the parties hereto notwithstanding the completion of the purchase of the Shares by the Subscriber pursuant hereto.
 
 13.
 Assignment
 
 13.1
 This Subscription Agreement is not transferable or assignable.
 
 14.
 Severability
 
 14.1
 The invalidity or unenforceability of any particular provision of this Subscription Agreement shall not affect or limit the validity or enforceability of the remaining provisions of this Subscription Agreement.
 
 15.
 Entire Agreement
 
 15.1
 Except as expressly provided in this Subscription Agreement and in the agreements, instruments and other documents contemplated or provided for herein, this Subscription Agreement contains the entire agreement between the parties with respect to the sale of the Shares and there are no other terms, conditions, representations or warranties, whether expressed, implied, oral or written, by statute or common law, by the Company or by anyone else.
 
 16.
 Notices
 
 16.1
 All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given if mailed or transmitted by any standard form of telecommunication.  Notices to the Subscriber shall be directed to the address on the signature page of this Subscription Agreement and notices to the Company shall be directed to the address on the cover page of this Subscription Agreement.
 
 17.
 Counterparts and Electronic Means
 
 17.1
 This Subscription Agreement may be executed in any number of counterparts, each of which, when so executed and delivered, shall constitute an original and all of which together shall constitute one instrument.  Delivery of an executed copy of this Subscription Agreement by electronic facsimile transmission or other means of electronic communication capable of producing a printed copy will be deemed to be execution and delivery of this Subscription Agreement as of the date hereinafter set forth.
 

 Bison Petroleum, Corp., Private Placement Subscription Agreement
 Page 6
 

 

 
 

 

 IN WITNESS WHEREOF the Subscriber has duly executed this Subscription Agreement as of the date of acceptance by the Company.
 

 Nelan Advisors Corp.                                                  
 (Name of Subscriber – Please type or print)
  
/s/ Trident Trust                                                          
 (Signature and, if applicable, Office)
 

 Road Town                                                                   
 (Address of Subscriber)
 
 
 P.O. Box 146, Tortola                                                  
 (City, State or Province, Postal Code of Subscriber)
 
 
 British Virgin Islands                                                
 (Country of Subscriber)
 

 

 ACCEPTANCE
 The above-mentioned Subscription Agreement in respect of the Shares is hereby accepted by BISON PETROLEUM, CORP.
 DATED at Magala, Spain, the 22nd day of January 2014.
 Bison Petroleum, Corp. (f/k/a GreenChoice International, Inc.)

 
 Per:
 /s/ Antonio Martinez-Guzman

 Authorized Signatory
 

 

 Bison Petroleum, Corp., Private Placement Subscription Agreement
 Page 7CONVERTIBLE PROMISSORY NOTE

 

 

	US $55,000	January 13, 2014

 

For good and valuable consideration,
Myriad Interactive Media, Inc., a Delaware corporation, ("Maker"), hereby makes and delivers this Promissory Note and
Security Agreement (this "Note") in favor of Eckart Keil, ("Holder"), and hereby agrees as follows:

 

1.                  
Principal Obligation and Interest. For value
received, Maker promises to pay to Holder at such place as Holder may designate in writing, in currently available funds of the
United States, the principal sum of Fifty-Five Thou sand U.S. DOLLARS. Maker’s obligation under this Note shall accrue interest
at the rate of one percent (1.0%) per annum from the date hereof until paid in full. Interest shall be computed on the basis of
a 365-day year or 366-day year, as applicable, and actual days lapsed.

 

2.                  
Payment Terms.

 

All principal and interest owing hereunder
shall be due and payable on or before July 13, 2014

 

Maker shall have the right to prepay all or
any part of the principal under this Note without penalty.

 

3.                  
Conversion. Holder shall have the right at
any time to convert all or any pa1t of the outstanding and unpaid principal amount of this Note into fully paid and non- assessable
shares of common stock of the Maker, at the conversion price (the "Conversion Price") determined as provided herein
(a "Conversion"). The number of shares of common stock to be issued upon each conversion of this Note shall be
determined by dividing the Conversion Amount (as defined below) by the applicable Conversion Price then in effect on the date specified
in the notice of conversion given by Holder (the "Notice of Conversion"), delivered to the Maker by the Holder
on such conversion date (the "Conversion Date"). The term "Conversion Amount" means, with respect to any conversion
of this Note, the sum of (1) the principal amount of this Note to be converted in such conversion plus (2) at the Holder's option,
accrued and unpaid interest, if any, on such principal amount at the interest rates provided in this Note to the Conversion Date.

 

The Conversion Price shall be:

 

a.                  
At time on or before 30 days from the date of this Note, sixty-five percent (65%) of the Market
Price (as defined herein),

 

b.                  
At time on or before 60 days from the date of this Note, seventy percent (70%) of the Market
Price (as defined herein) , and

    	 

    	 

    

 

c.                   
At time on or before 180 days from the date of this Note, seventy-five percent (75%) of the
Market Price (as defined herein).

 

d.                  
At time on or afterl80 days from the date of this Note, eighty percent (80%) of the Market
Price (as defined herein).

 

"Market Price" means the average
of the Trading Prices (as defined below) for the Maker's common stock during the twenty (20) Trading Day period ending on the latest
complete Trading Day prior to the Conversion Date. "Trading Price" means the closing share price on the Over-the-Counter
Bulletin Board , or applicable trading market (the "OTCBB") as reported by a reliable reporting service ("Reporting
Service") mutually acceptable to Maker and Holder (i.e. Bloomberg) or, if the OTCBB is not the principal trading market for
such security, the closing share price of such security on the principal securities exchange or trading market where such security
is listed or traded or, if no closing share price of such security is available in any of the foregoing manners, the average of
the closing share prices of any market makers for such security that are listed in the "pink sheets" by the National
Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the
Trading Price shall be the fair market value as mutually determined by the Maker and the Holder. "Trading Day" shall
mean any day on which the Maker's common stock is tradable for any period on the OTCBB, or on the principal securities exchange
or other securities market on which the Maker 's common stock is then being traded.

 

4.                  
Representations and Warranties of Maker. Maker
hereby represents and wan-ants the following to Holder:

 

a.                  
Maker and those executing this Note on its behalf have the full right, power, and authority
to execute, deliver and perform the Obligations under this Note, which are not prohibited or restricted under the articles of incorporation
or bylaws of Maker. This Note has been duly executed and delivered by an authorized officer of Maker and constitutes a valid and
legally binding obligation of Maker enforceable in accordance with its terms.

 

b.                  
The execution of this Note and Maker's compliance with the terms, conditions and provisions
hereof does not conflict with or violate any provision of any agreement, contract, lease, deed of trust, indenture, or instrument
to which Maker is a party or by which Maker is bound, or constitute a default thereunder.

 

5.                  
Defaults. The following shall be events of
default under this Note:

 

a.                  
Maker's failure to remit any payment under this Note on before the date due, i f such failure
is not cured in full within five (5) days of written notice of default;

 

b.                  
Maker's failure to perform or breach of any non-monetary obligation or covenant set forth
in this Note or in any other written agreement between Maker and Holder if such failure is not cured in full within ten (I0) days
following delivery of written notice thereof from Holder to Maker ;

 

    	2

    	 

    

 

c.                   
If Maker is dissolved, whether pursuant to any applicable a1ticles of incorporation or bylaws,
and/or any applicable laws, or otherwise;

 

d.                  
The entry of a decree or order by a court having jurisdiction in the premises adjudging the
Maker bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition
of or in respect of the Maker under the federal Bankruptcy Code or any other applicable federal or state law, or appointing a receiver,
liquidator, assignee or trustee of the Maker, or any substantial part if its prope1ty, or ordering the winding up or liquidation
of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of twenty (20) days;

 

e.                   
Maker 's institution of proceedings to be adjudicated a bankrupt or insolvent, or the consent
by it to the institution of bankruptcy or insolvency proceeding s against it, or its filing of a petition or answer or consent
seeking reorganization or relief under the federal Bankruptcy Code or any other applicable federal or state law, or its consent
to the filing of any such petition or to the appointment of a receiver, liquidator, assignee or trustee of the company, or of any
substantial part of its property, or its making of an assignment for the benefit of creditors or the admission by it in writing
of its inability to pay its debts generally as they become du e, or the taking of co1porate action by the Maker in furtherance
of any such action; or

 

6.                  
Rights and Remedies of Holder. Upon the occurrence
of an event of default by Maker under this Note, then, in addition to all other rights and remedies at law or in equity, Holder
may exercise any one or more of the following right s and remedies:

 

a.                  
Accelerate the time for payment of all amounts payable under this Note by written notice thereof
to Maker, whereupon all such amounts shall be immediately due and payable.

 

b.                  
Pursue any other rights or remedies available to Holder at law or in equity.

 

7.                  
Choice of Laws. This Note shall be constructed
and construed in accordance with the internal substantive laws of the State of Nevada, without regard to the choice of law principles
of said State.

 

8.                  
Costs of Collection. Should the indebtedness
represented by this Note, or any part hereof, be collected at law, in equity, or in any bankruptcy, receivership or other court
proceeding, or this Note be placed in the hands of any attorney for collection after default , Maker agrees to pay, in addition
to the principal and interest due hereon, all reasonable attorneys ' fees, plus all other costs and expenses of collection and
enforcement, including any fees incurred in connection with such proceedings or collection of the Note.

 

9.                  
Miscellaneous.

 

a.                  
This Note shall be binding upon Maker and shall inure to the benefit of Holder and its
successors, assigns, heirs, and legal representatives.

    	3

    	 

    

 

b.                  
Any failure or delay by Holder to insist upon the strict performance of any term, condition,
covenant or agreement of this Note, or to exercise any right, power or remedy hereunder shall not constitute a waiver of any such
term, condition, covenant, agreement, right, power or remedy.

 

c.                   
Any provision of this Note that is unenforceable shall be severed from this Note to the
extent reasonably possible without invalidating or affecting the intent, validity or enforceability of any other provision of this
Note.

 

d.                  
This Note may not be modified or amended in any respect except in a writing executed by
the party to be charged.

 

e.                   
Maker and Holder acknowledge that they have consulted with or have had the opportunity
to consult with independent legal counsel prior to executing this Note. This Note has been freely negotiated by Maker and Holder
and any rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed
in the interpretation of this Note.

 

f.                   
Time is of the essence.

 

g.                  
In the event that shares are conve11ed, they will automatically be deemed as free trading
shares 6 months from the date of this note.

 

10.               
Waiver of Certain Formalities. All parties
to this Note hereby waive presentment, dishonor, notice of dishonor and protest. All pai1ies hereto consent to, and Holder is hereby
expressly authorized to make, without notice, any and all renewal s, extensions, modifications or waivers of the ti me for or the
terms of payment of an y sum or sums due hereunder, or under any documents or instrument s relating to or securing this Note, or
of the performance of any covenants, conditions or agreements hereof or thereof. Any such action taken by Holder shall not discharge
the liability of any party to this Note.

 

I N WITNESS WHEREOF, this Note has been executed effective the date
and place first written above.

 

"Maker": MYRIAD INTERACTIVE MEDIA, INC.

 

 

By: /s/ Derek Ivany

Derek Ivany, President

 

“Holder”: ECKART KEIL

 

 

/s/ Eckart Keil

Eckart Keil

    	4

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