Document:

Exhibit 4.1

 

12% CONVERTIBLE PROMISSORY NOTE
AND LOAN AGREEMENT

Loan Amount: $10,000.00

Effective Date: February 28, 2019

For value received in order to complete working capital
for business development. Kaskad Corp. (a publicly traded Company OTC: KSKD). Kaskad Corp., a Corporation, incorporated under the
laws of the state of Nevada located at The Franklin, Unit 13124 Pritchard Street, Newtown, Johannesburg, Gauteng 2001, South Mrica
(the "Company") and Peter Nikola Pesic or his assigns (the "Holder") hereby execute this Convertible Promissory
Note and Loan Agreement (the "Note'). Holder promises to advance to the Company the principal sum of $10,000.00, or such lesser
amount as is advanced pursuant to the terms hereof, and the Company promises to pay to Holder such principal sum together with
accrued and unpaid interest thereon, each due and payable on the date and in the manner set forth below (the "Loan").

1. Repayment. All payments of interest
and principal shall be in lawful money applied first to accrued interest, and thereafter to principal. The outstanding principal
amount of the Loan shall be due and payable on September 2,2019. (the "Maturity Date").

2. Maturity. Unless this Note has
been previously converted in accordance with the terms of Section 7 below, the entire outstanding principal balance and all unpaid
accrued interest shall become fully due and payable on the Maturity Date.

3. Interest Rate. The Company promises
to pay simple interest on the outstanding principal amount hereoffrom the date hereof until payment in full, which interest shall
be payable at the rate of 12% per annum or the maximum rate permissible by law, whichever is less. Interest shall be due and payable
on the Maturity Date and shall be calculated on the basis of a 365-day year for the actual number of days elapsed.

4. Use of Proceeds of Loan.
Proceeds of the Loan shall be used by the Company as capital expenditures as well as working capital for the Company.

5.
Conversion. At Holder's option, Holder may elect to convert the Loan amount into unrestricted, free trading shares of KSKD
after 6 months pursuant to Rule #144 or upon an "Effective" S-I Registration Statement that the Company
"intends" to file. Upon Holder's exercise of such conversion, the conversion price shall be equal to USD 0.002 per
share and agree to reserve 5,300,000 shares of Kaskad Corp. common shares.

6. Stock
Price Dilution P,·otection.1n the event that any officer ofthe Company sells more than I% of the KSKD daily volume or
the outstanding shares every ninety days (90) on any given day prior to the Maturity Date, all of the unpaid principal and
interest shall become immediately payable in full to Holder.

7. Expenses. In the event of any
default by the Company hereunder, the Company shall pay all actual legal fees, court costs, and other expenses incurred by Holder
in enforcing this Note, collecting payment from Holder of all principal and accrued interest due hereunder at the time of such
default.

 

    	 	 	 

    	 

    

 

  

8. Default. In the event of any default
by the Company hereunder, at the option of Holder and upon written notice to the Company, all principal and unpaid accrued interest
shall become due and payable. The occurrence of anyone or more of the following shall constitute a default:

(a) The Company fails to pay
timely any ofthe principal amount due under this Note on the date the same becomes due and payable or any unpaid accrued interest
or other amounts due under this Note on the date the same becomes due and payable;

(b) The Company defaults in
its performance of any covenant under the Note;

(c) If any act, matter or thing
is done toward the termination of, or any action or proceeding is launched or taken to terminate the corporate existence of the
Company, whether by winding-up, surrender of charter or otherwise;

(d) The Company ceases to carry
on its business, commits an act of bankruptcy, becomes insolvent, makes an assignment or bulk sale of its assets;

(e) If any execution, sequestration,
seizure, distress or other analogous process becomes enforceable or is enforced against the Company to take possession, custody
or control of any property of the Company.

9. Governing Law, This Note shall
be governed by the laws of the state of Nevada and the federal laws applicable therein.

10. Modification; Waiver, Any term
ofthis Note may be amended or waived with the written consent of the Company and Holder. This Note constitutes the entire agreement
of the parties hereto with respect to the subject matter herein.

11. Assignment. This Note may not
be assigned by the Company. This Note may not be assigned by Holder without consent of the Company. In the event ofan assignment
ofthis Note by Holder, Holder shall retain all rights to the KSKD Common Stock and to any and all payments made by Company to Holder
for the repayment of principal or accrued interest at the time of such assignment At the time of such assignment of this Note by
Holder, Holder shall have no further obligations hereunder.

12.
Representations and Warranties of the Company. The Company hereby warrants and represents that it is a Nevada corporation,
duly formed and in good standing in the State of Nevada and in any state in which it transacts business. Additionally, the
Company warrants and represents that it has the authority to execute this Note, the Security Agreement, and has obtained, or
hereby agrees to obtain, all corporate or third party approvals or consents required by the governing documents of the
Company and any other agreements or contractual obligations in order to consummate the transactions contemplated herein. The
Company hereby indemnifies, holds harmless, and agrees to defend Holder from and against any and all claims, costs, expenses,
and liabilities that now exist or may in the future accrue related to this Note, and the Security Agreement

 

    	 	 	 

    	 

    

 

 

	Kaskad Corp. 	Holder
	 	 
	/s/ Peter Nikola Pesic 	/s/ Peter Nikola Pesic
	 	 
	Peter Nikola Pesic 	Peter Nikola Pesic 
	President/CEO 	Note HolderExhibit
10.1

 

NEITHER
THE ISSUANCE NOR SALE OF THE SECURITIES REPRESENTED BY THIS NOTE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE
OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION
OF COUNSEL, IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT.

 

	Principal
    Amount: $100,001.00	 	Issue
    Date: February 1st, 2019

 

 

	 

        PROMISSORY
        NOTE

         

 

FOR VALUE RECEIVED,
VPR Brands, LP, a Delaware limited partnership (the “Company”), hereby promises to pay to the order of Kevin Frija
or registered assigns (the “Holder”) on February 1st, 2020 (the “Maturity Date”), the principal amount
set forth above (the “Principal Amount”), and to pay interest on the outstanding Principal Amount at the rate of Twenty
Four percent (24%) per annum (the “Note”). Interest shall commence accruing on the date hereof (the “Issue Date”),
computed on the basis of a 365-day year and the actual number of days elapsed, provided that any payment otherwise due on a Saturday,
Sunday or legal Bank holiday may be paid on the following business day. All payments due hereunder, shall be made in lawful money
of the United States of America.

 

1.
Transfers of Note to Comply with the 1933 Act. The Holder agrees that this Note may not be sold, transferred, pledged, hypothecated
or otherwise disposed of except as follows: (a) to a person whom the Note may legally be transferred without registration and
without delivery of a current prospectus under the 1933 Act with respect thereto and then only against receipt of an agreement
of such person to comply with the provisions of this Section 1 with respect to any resale or other disposition of the Note; or
(b) to any person upon delivery of a prospectus then meeting the requirements of the 1933 Act relating to such securities and
the offering thereof for such sale or disposition, and thereafter to all successive assignees.

 

2.
Right of Prepayment. The Company may repay any amount of the Note at any time. On each business day, the Holder may deduct
one (1) ACH payment from the bank account of the Borrower (as specified on Exhibit “A” of this Note) in the amount
of $500.00 per business day until such time as the Borrower has paid an amount equal to the principal and accrued interest as
set forth in the Note. Each such payment shall be applied first to accrued and unpaid interest and the balance shall be applied
towards the reduction of the principal amount due under this Note.

 

3.
Representations and Warranties. The Company represents and warrants to the Holder that:

 

	 	(a)	such
    party is duly organized, validly existing and in good standing (if applicable) under the laws of the jurisdiction of its organization;
	 	 	 
	 	(b)	such
    party has authority to own its property and assets and to carry on its business as now conducted, except, in each case, where
    the failure to do so, or so possess, individually or in the aggregate would not reasonably be expected to result in a material
    adverse effect;
	 	 	 
	 	(c)	such
    party has all requisite organizational power and authority to execute and deliver and perform all its obligations under this
    Note;

 

    	 	 	 

     

    

 

	 	(d)	such
    party is qualified to do business in, and is in good standing (where such concept exists) in, every jurisdiction in which
    the nature of its business or the ownership or leasing of its properties makes such qualification necessary, except where
    the failure to be so qualified or in good standing individually or in the aggregate would not reasonably be expected to result
    in a material adverse effect;
	 	 	 
	 	(e)	the
    transactions contemplated hereby is within such party’s organizational powers and have been duly authorized by all necessary
    corporate or limited liability company action;
	 	 	 
	 	(f)	this
    Note has been duly executed and delivered by such party and constitutes a legal, valid and binding obligation of such party,
    enforceable in accordance with its terms; and
	 	 	 
	 	(g)	the
    transactions to be entered into and contemplated by this Note (a) do not require any consent or approval of, registration
    or filing with, or any other action by, any governmental authority except for the Company’s disclosure obligations under
    federal securities laws, (b) will not (i) violate any applicable law or (ii) the organizational documents, bylaws, charter,
    operating agreement, certificate of formation or certificate of incorporation of such party, (c) will not violate or result
    in a default under any indenture or any other agreement, instrument or other evidence of indebtedness, and (d) will not result
    in the creation or imposition of any lien on any asset of such party.

 

4.
Remedies Upon Default. In the event that the Company defaults on its payment obligations under this Note, the Holder may proceed
to protect and enforce its rights and remedies under this Note by suit in equity, action at law or other appropriate proceeding,
whether for the specific performance of any covenant or agreement contained in this Note and proceed to enforce the payment thereof
or any other legal or equitable right of the Holder.

 

5.
Cancellation of Note. Upon the repayment by the Company of all of its obligations hereunder to the Holder, including, without
limitation, the principal amount of this Note, plus accrued but unpaid interest, the indebtedness evidenced hereby shall be deemed
canceled and paid in full. Payments received by the Holder hereunder shall be applied first against interest accrued on this Note,
and next in reduction of the outstanding principal balance of this Note.

 

6.
Severability. If any provision of this Note is, for any reason, invalid or unenforceable, the remaining provisions of this
Note will nevertheless be valid and enforceable and will remain in full force and effect. Any provision of this Note that is held
invalid or unenforceable by a court of competent jurisdiction will be deemed modified to the extent necessary to make it valid
and enforceable and as so modified will remain in full force and effect.

 

7.
Amendment and Waiver. This Note, or any provision of this Note, may only be amended or waived if set forth in a writing executed
by the Company and Holder. The waiver by Holder of a breach of any provision of this Note shall not operate or be construed as
a waiver of any other breach.

 

8.
Successors. Except as otherwise provided herein, this Note shall bind and inure to the benefit of and be enforceable by the
Holder and its permitted successors and assigns.

 

9.
Assignment. This Note shall not be directly or indirectly assignable or delegable by the Company or the Holder, except as
provided in a writing executed by the Company and Holder.

 

10.
Further Assurances. The Holder will execute all documents and take such other actions as the Company may reasonably request
in order to consummate the transactions provided for herein and to accomplish the purposes of this Note.

 

    	 	 	 

     

    

 

11.
Notices, Consents, etc. Any notices, consents, waivers or other communications required or permitted to be given under the
terms hereof must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon
receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on
file by the sending party); or (iii) one (1) business day after deposit with a nationally recognized overnight delivery service,
in each case properly addressed to the party to receive the same. The addresses and facsimile numbers for such communications
shall be:

 

	If
    to Company:	 	VPR
    BRANDS, LP
	 	 	3001
    Griffin Road
	 	 	Fort
    Lauderdale, FL 33312
	 	 	Attention:
    Kevin Frija
	 	 	Telephone:
    954.715.7001
	 	 	Facsimile:
    Kevin.Frija@vprbrands.com
	 	 	 
	With
    a Copy to (which shall not constitute notice):	 	LEGAL
    & COMPLIANCE, LLC
	 	 	330
    Clematis Street, Suite 217
	 	 	West
    Palm Beach, Florida 33401
	 	 	Attention:
    Laura E. Anthony, Esq.
	 	 	 
	If
    to the Holder:	 	Kevin
        Frija

        

	 	 	Attention:
	 	 	Telephone:
	 	 	Facsimile:_

 

or
at such other address and/or facsimile number and/or to the attention of such other person as the recipient party has specified
by written notice given to each other party three (3) trading days prior to the effectiveness of such change. Written confirmation
of receipt (A) given by the recipient of such notice, consent, waiver or other communication, (B) mechanically or electronically
generated by the sender’s facsimile machine containing the time, date, recipient facsimile number and an image of the first
page of such transmission or (C) provided by a nationally recognized overnight delivery service, shall be rebuttable evidence
of personal service, receipt by facsimile or receipt from a nationally recognized overnight delivery service in accordance with
clause (i), (ii) or (iii) above, respectively.

 

12.
Governing Law. Except in the case of the Jurisdiction provisions of Section 13 below, this Note shall be delivered and accepted
in and shall be deemed to be contracts made under and governed by the internal laws of the State of Delaware, and for all purposes
all questions concerning the construction, validity and interpretation of this Note and any and all disputes or controversies
arising out of the subject matter hereof (whether by contract, tort or otherwise) shall be governed by and construed in accordance
with the domestic laws of the State of Delaware, without giving effect to any choice of law or conflict of law provision (whether
of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than
the State of Florida.

 

13.
Jurisdiction. EACH PARTY HERETO AGREES THAT JURISDICTION AND VENUE IN ANY ACTION BROUGHT BY THE HOLDER PURSUANT TO THIS NOTE
SHALL PROPERLY (BUT NOT EXCLUSIVELY) LIE IN ANY FEDERAL OR STATE COURT LOCATED IN BROWARD COUNTY, FLORIDA. BY EXECUTION AND DELIVERY
OF THIS AGREEMENT, EACH PARTY HERETO IRREVOCABLY SUBMITS TO THE JURISDICTION OF SUCH COURTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY
WITH RESPECT TO SUCH ACTION. EACH PARTY HERETO IRREVOCABLY AGREES THAT VENUE WOULD BE PROPER IN SUCH COURT, AND HEREBY WAIVES
ANY OBJECTION THAT SUCH COURT IS AN IMPROPER OR INCONVENIENT FORUM FOR THE RESOLUTION OF SUCH ACTION. EACH PARTY HERETO FURTHER
AGREES THAT THE MAILING BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, OF ANY PROCESS REQUIRED BY ANY SUCH COURT SHALL
CONSTITUTE VALID AND LAWFUL SERVICE OF PROCESS AGAINST THEM, WITHOUT NECESSITY FOR SERVICE BY ANY OTHER MEANS PROVIDED BY STATUTE
OR RULE OF COURT.

 

14.
No Inconsistent Agreements. No party hereto will hereafter enter into any agreement, which is inconsistent with the rights
granted to the Holder in this Note.

 

15.
Third Parties. Nothing herein expressed or implied is intended or shall be construed to confer upon or give to any person
or entity, other than the Holder and its permitted successor and assigns, any rights or remedies under or by reason of this Note.

 

    	 	 	 

     

    

 

16.
Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATED TO THIS NOTE. EACH PARTY HERETO CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY
OF THE HOLDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE HOLDER WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE
THE FOREGOING WAIVER, (B) EACH PARTY HERETO UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) EACH PARTY HERETO
MAKES THIS WAIVER VOLUNTARILY, AND (D) EACH PARTY HERETO HAS BEEN INDUCED TO ENTER INTO THIS NOTE BY, AMONG OTHER THINGS, THE
WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

17.
Usury Savings Clause. Notwithstanding any provision in this Note to the contrary, the total liability for payments
of interest and payments in the nature of interest, including, without limitation, all charges, fees, exactions, or other sums
which may at any time be deemed to be interest, shall not exceed the limit imposed by the usury laws of the jurisdiction governing
this Note or any other applicable law. In the event the total liability of payments of interest and payments in the nature of
interest, including, without limitation, all charges, fees, exactions or other sums which may at any time be deemed to be interest,
shall, for any reason whatsoever, result in an effective rate of interest, which for any month or other interest payment period
exceeds the limit imposed by the usury laws of the jurisdiction governing this Note, all sums in excess of those lawfully collectible
as interest for the period in question shall, without further agreement or notice by, between, or to any party hereto, be applied
to the reduction of the outstanding principal balance due hereunder immediately upon receipt of such sums by the Holder hereof,
with the same force and effect as though the Company had specifically designated such excess sums to be so applied to the reduction
of the principal balance then outstanding, and the Holder hereof had agreed to accept such sums as a penalty-free payment of principal;
provided, however, that the Holder may, at any time and from time to time, elect, by notice in writing to the Company, to waive,
reduce, or limit the collection of any sums in excess of those lawfully collectible as interest, rather than accept such sums
as a prepayment of the principal balance then outstanding. It is the intention of the parties that the Company does not intend
or expect to pay, nor does the Holder intend or expect to charge or collect any interest under this Note greater than the highest
non-usurious rate of interest which may be charged under applicable law.

 

18.
Entire Agreement. This Note (including any recitals hereto) set forth the entire understanding of the parties with respect
to the subject matter hereof, and shall not be modified or affected by any offer, proposal, statement or representation, oral
or written, made by or for any party in connection with the negotiation of the terms hereof, and may be modified only by instruments
signed by all of the parties hereto.

 

[Signature
page to follow]

 

    	 	 	 

     

    

 

IN
WITNESS WHEREOF, this Note is executed by the undersigned as of the date hereof.

 

	VPR
    BRANDS, LP	 
	 	 	 
	By:	Soleil
    Capital Management LLC,	 
	 	its
    General Partner	 
	 	 	 
	By:	/s/
    Kevin Frija	 
	Name: 	Kevin
    Frija	 
	Title:	Manager
    and Chief Executive Officer

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