Document:

Exhibit 4.8

 

PROMISSORY NOTE

 

	$200,000.00	Allen, Texas	February 26,
2018

 

FOR VALUE RECEIVED,
the undersigned, Financial Gravity Companies, Inc., a Nevada corporation (“Borrower”), promises to pay
to the order of Helen Janssen (“Holder”), the principal sum of TWO HUNDRED THOUSAND DOLLARS ($200,000.00),
together with simple interest from the date of this Note until paid at a rate of ten percent (10%) per annum until maturity, both
principal and interest being payable at the address designated in Section 9, or at such other place as Holder may from time
to time designate in writing.

 

1.                  
Payments. The principal of this Note shall mature and be due and payable on February 15, 2021 (the “Maturity
Date”). Accrued and unpaid interest shall be due and payable as follows: (i) during the first year of the term of
this Note, upon execution of this Note; and (ii) during the balance of the term until the Maturity Date, monthly, in arrears, commencing
March 15, 2019. All past due principal and accrued interest on this Note shall bear interest from maturity until paid at the highest
(non-usurious) rate for which Borrower may legally contract under applicable law. All payments hereunder shall be payable in lawful
money of the United States of America which shall be legal tender for public and private debts at the time of payment.

 

2.                  
Prepayments. Borrower shall have the right to prepay the principal and any interest outstanding under this Note in
full or in part at any time and from time to time. Any prepayment shall be applied first against any accrued interest and then
against principal.

 

3.                  
Default Remedies.

 

(a)       Borrower
shall be in default under this Note upon the happening of any condition or event set forth below (each, an “Event of
Default”):

 

(i)                
Borrower shall fail to make any payment when due under this Note (including any payment due by reason of acceleration) and
such default shall continue unremedied for a period of ten (10) days; or

 

(ii)              
The commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower which results in the entry
of an order for relief which remains undismissed, undischarged or unbonded for a period of 60 days or more.

 

(b)       The
entire unpaid principal balance of this Note and all accrued interest thereon shall immediately be due and payable at the option
of the Holder upon the occurrence of any one or more of the Events of Default and at any time thereafter.

 

4.                  
Cumulative Rights. No delay on the part of the Holder of this Note in the exercise of any power or right under this
Note shall operate as a waiver thereof, nor shall a single or partial exercise of any power or right preclude other or further
exercise thereof or the exercise of any other power or right.

 

5.                  
Waiver. Borrower waives demand, presentment, protest, notice of dishonor, notice of nonpayment, notice of intention
to accelerate or notice of acceleration (other than notice of default pursuant to Section 3(a)), notice of protest and any
and all lack of diligence or delay in collection or the filing of suit hereon which may occur, and agrees to all extensions and
partial payments, before or after maturity, without prejudice to the Holder hereof.

 

6.                  
Attorneys’ Fees and Costs. In the event that this Note is collected in whole or in part through suit, arbitration,
mediation, or other legal proceeding of any nature, then and in any such case there shall be added to the unpaid principal amount
hereof all reasonable costs and expenses of collection, including, without limitation, reasonable attorney’s fees.

 

 

 

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7.                  
Governing Law. This Note shall be governed by and construed in accordance
with the internal laws of the State of Texas, without giving effect to conflicts of law provision or rule (whether of the State
of Texas or any other jurisdiction) that would result in the application of the laws of any jurisdiction other than the State of
Texas. Any action or proceeding to enforce this Note shall be brought only in a state or federal court located in Collin
County, the State of Texas. The parties hereby irrevocably submit to the exclusive jurisdiction of such courts and waive the defense
of inconvenient forum to the maintenance of any such action or proceeding in such venue.

 

8.                  
Usury. All agreements between Borrower and the Holder of this Note, whether now existing or hereafter arising and
whether written or oral, are expressly limited so that in no contingency or event whatsoever, whether by acceleration of the maturity
of this Note or otherwise, shall the amount paid, or agreed to be paid, to the Holder hereof for the use, forbearance or detention
of the money to be loaned hereunder or otherwise, exceed the maximum amount permissible under applicable law.

 

9.                  
Notices. All notices of communication required or permitted hereunder shall be in writing and may be given by (a)
depositing the same in United States mail, addressed to the party to be notified, postage prepaid and registered or certified with
return receipt request, or (b) delivering the same in person or by overnight express to an officer or agent of such party:

 

(i)       If
to Borrower, addressed thereto at:

 

800 N. Watters Road, Suite 120

Allen, TX 75013

Attention: John Pollock; and

 

(ii)       If
to Holder, addressed thereto at:

 

1519 Babbling Brook Drive

Grand Prairie, TX 75050

Attention: Michael Janssen

 

or to such other address as any party hereto
shall specify pursuant to this Section 9 from time to time. Any notice that is delivered personally or sent by overnight
express in the manner provided herein shall be deemed to have been duly given to the party to whom it is directed upon actual receipt
by such party. Any notice which is addressed and mailed in the manner herein provided shall be conclusively presumed to have been
given to the party to whom it is addressed at the close of business, local time of the recipient, on the third day after the day
it is so placed in the mail.

 

10.              
Renewal and Extension. This Note may be renewed upon written agreement of Borrower and Holder.

 

THIS NOTE REPRESENTS THE FINAL AGREEMENT
BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

 

 

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IN WITNESS WHEREOF, the undersigned have
executed this Note on and as of the date first above written.

 

BORROWER:

 

Financial Gravity
Companies, Inc.

 

 

By: /s/ John Pollock________

John Pollock

Chairman & Chief Executive Officer

 

HOLDER:

 

 

By: /s/ Michael Janssen_______

Name: Michael Janssen

Title: LPOA for Helen Janssen

 

 

 

    	 	3Exhibit 4.9

 

FINANCIAL GRAVITY COMPANIES, INC.

 

2016 STOCK OPTION PLAN

 

NOTICE OF STOCK OPTION GRANT

 

You have been granted the following option
to purchase shares of Common Stock of Financial Gravity Companies, Inc. (the “Company”)

 

	
        Name of Optionee:
	
        Dan Sundby

	 	 
	
        Total Number of Shares Subject to Option:
	
        500,000

	 	 
	
        Type of Option:
	
        Non-qualified Stock Option

	 	 
	
        Exercise Price Per Share:
	
        $ 0.75

	 	 
	
        Date of Grant:
	
        July 3, 2017

	 	 
	
        Vesting Schedule:
	
        This option shall become exercisable with
        respect to the first _____% (_____) of the shares on the Date of Grant.

        This option shall become exercisable with
        respect to the remaining 100% (500,000) of the shares in equal monthly increments over two (2) years commencing the Date of Grant.

	 	 
	
        Acceleration of Vesting:
	
        Reference section 12(c) of the Financial
        Gravity Companies, Inc. 2016 Stock Option Plan. The option under this grant may become fully exercisable upon a “Change in
        Control” as defined in the Company’s 2016 Stock Option Plan.

	 	 
	
        Expiration Date:
	
        Ten (10) years from the Date of Grant,
        except as otherwise provided in Section 12(c) of the Company’s 2016 Stock Option Plan.

 

The option is granted pursuant to the Financial
Gravity Companies, Inc. 2016 Stock Option Plan (the “Plan”). You should review the terms of the Plan carefully. The
Company reserves the right to terminate, change or amend the Plan at any time.

 

You may exercise this option, in whole
or in part, to purchase a whole number of vested shares, by following the exercise procedures established by the Company. All exercises
must take place before the expiration date. An exercise of this option generates federal and applicable state income and employment
tax withholding obligations. The full purchase price of the shares being purchased through exercise of this option and the related
withholding taxes for federal, state or local jurisdictions must be paid to the Company at the time of exercise of this option.

 

FINANCIAL GRAVITY COMPANIES, INC.

 

 

By:                   /s/ John Pollock                              

John Pollock, Chairman & CEOExhibit 10.3

 

AMENDMENT TO EQUITY FINANCING AGREEMENT

 

THIS AMENDMENT TO EQUITY FINANCING AGREEMENT
(the Amendment”) is entered into on September 4, 2018 and made effective as of May 23, 2017 by and between Financial Gravity
Companies, Inc., a Nevada corporation (the “Company”) and GHS Investments, LLC, a Nevada limited liability company
(the “Investor”). Each party to this Amendment is referred to herein as a “Party,” and collectively as
the “Parties.”

 

WHEREAS, the Company and Investor have entered
into an Equity Financing Agreement dated May 23, 2017 (the “EFA”) whereby the Investor has agreed to invest up to $11,000,000
in the Company on the terms set forth in the EFA;

 

WHEREAS, the Company and Investor wish to
amend certain terms the EFA to clarify the transaction between the Parties;

 

WHEREAS, with the exception of Section 2.7
and 7.6, all other provisions of the EFA shall remain unchanged.

 

NOW THEREFORE in consideration of the mutual
covenants and conditions herein contained, the receipt and sufficiency of which consideration is hereby acknowledged by all Parties,
the Parties have agreed and do hereby agree as follows:

 

		1.	Amendments.

 

Section 2.7 of the EFA shall be amended in its
entirety to read:

 

2.7       COMMITMENT FEE. Upon the execution
of this Agreement, the Company shall pay the Investor a $30,000 cash payment as a commitment fee ("Commitment Fee").

 

Section 7.6 of the EFA shall be amended
in its entirety to read:

 

7.6       The
Company agrees to use its best efforts to file with the SEC a registration statement covering the Shares contemplated to be issued
pursuant to the terms of this Agreement. Such registration statement shall conform to the requirements of the rules and regulations
of the SEC and the terms and conditions of this Agreement, and shall be reviewed and approved by the Investor. The Company will
take any and all steps necessary to have its registration statement declared effective by the SEC. The Registration Statement shall
be effective on each Closing Date, and no stop order suspending the effectiveness of the Registration statement shall be in effect
or, to the Company's knowledge shall be pending or threatened. Furthermore, on each Closing Date (I) neither the Company nor the
Investor shall have received notice that the SEC has issued or intends to issue a stop order with respect to such Registration
Statement or that the SEC otherwise has suspended or withdrawn the effectiveness of such Registration Statement, either temporarily
or permanently, or intends or has threatened to do so (unless the SEC's concerns have been addressed), and (II) no other suspension
of the use or withdrawal of the effectiveness of such Registration Statement or related prospectus shall exist. At the time of
each Closing, the Registration Statement (including information or documents incorporated by reference therein) and any amendments
or supplements thereto shall not contain any untrue statement of a material fact or omit to state any material fact required to
be stated therein or necessary to make the statements therein not misleading or which would require public disclosure or an update
supplement to the prospectus.

 

2.      
No Other Changes.  Other than as specifically set out herein, all other provisions of the EFA shall remain unchanged
and in full force and effect.

 

3.      
Counterpart Execution.  This Amendment may be signed and sent by fax or pdf and in counterpart, and each copy
so signed shall be deemed to be an original, and all such counterparts together shall constitute one and the same instrument.

 

 

 

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IN WITNESS WHEREOF the parties hereto have
executed this Amendment as of the day and year first above written.

 

	THE COMPANY:	 	THE INVESTOR:
	 	 	 
	Financial Gravity Companies, Inc.	 	GHS Investments. LLC
	 	 	 
	 	 	 
	/s/ John Pollock                           	 	/s/ Sarfraz Hajee                         
	By: John Pollock	 	By: Sarfraz Hajee
	Its: CEO	 	Its: Member

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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