Document:

Exhibit 10.2(d)

 

REF:GB78191506001-4

 

Guaranteed Maximum Contract

Natural person as a guarantor

 

CHINA EVERBRIGHT BANK

 

    	 	 	 

     

    

 

Directory

 

	Chapter one	General
	 	 
	Chapter two	Definition
	 	 
	Chapter three	The principal debt secured by
	 	 
	Chapter four	Guaranteed way
	 	 
	Chapter five	Warranty
	 	 
	Chapter six	Warranty period
	 	 
	Chapter seven	The documents the guarantor should submit
	 	 
	Chapter eight	Representations and Warranties of guarantor
	 	 
	Chapter nine	Guarantor’s commitment 
	 	 
	Chapter ten	The nature and effectiveness of security
	 	 
	Chapter eleven	Events of default
	 	 
	Chapter twelve	Others
	 	 
	Chapter thirteen	Applicable Law and Dispute Resolution
	 	 
	Chapter fourteen	Effectiveness, change and release of the contract
	 	 
	Chapter fifteen	Attachment
	 	 
	Chapter sixteen	Supplementary

 

    	 	1	 

     

    

 

Guaranteed Maximum Contract

 

	Guarantor:	PanDangyu
	ID number:	430104196803184316
	Address:	Tianhe District, Guangzhou Road,  463 Shougouling compound No. 34,
	 	2nd Floor Room 604
	Living Address:	Pinghu Street, Longgang District, No. 68 Avenue, the new building 
	Zip code:	518111
	TEL:	89686236
	FAX:	89686819
	Attorney: 	(Required to provide a power of attorney signed by the guarantor)
	ID number:	 
	Address: 	 
	Living Address:	 
	Zip code:	 
	TEL:	 
	FAX:	 
	Creditor:	China Everbright Bank branch in Shenzhen Longhua
	Address:	Longhua, Bao'an District of Shenzhen City People's Road, Silver Spring Garden Building Ground Floor 3,4
	Zip code:	518000
	Legal representative/ Person in charge:	Chen Wei
	Attorney:	 
	Managers:	Yang Xiaolin
	TEL:	0755-81483044
	FAX:	0755-28138641

 

    	 	2	 

     

    

 

Chapter One: General

 

To ensure the fulfillment that, June 23, 2015
SHENZHEN HIGHPOWER TECHNOLOGY CO., LTD. (hereinafter referred to as “fiduciary”) signed with the creditor numbered
ZH78191506001 “Comprehensive Credit Agreement” (hereinafter referred to as “Comprehensive Credit Agreement”),
guarantor is willing to provide the maximum amount of credit joint liability guarantee to secure fiduciary will pay off the entire
debt under its “comprehensive credit agreement” timely and fully.

 

After reviewing, the creditor agreed to accept
a guarantee provided by the guarantor. In order to clarify both the guarantor and the creditor rights and obligations we formulated
this contract guided by the principles of equality and mutual benefit, in accordance with the provisions of relevant laws and regulations.

 

Chapter Two: Definition

 

Article 1. Unless the context requires or the
Contract requires, in this Contract:

 

Master contract: refers to creditor and fiduciary
signed the “Comprehensive Credit Agreement” as well as the creditor and fiduciary signed a specific credit business
contract or agreement under “comprehensive credit agreement” for each credit business.

 

Specific credit business contract or agreement
refers to the creditor guided by “comprehensive credit agreement” provide the single specific credit business contract
or agreement to the fiduciary, which is signed with the fiduciary including the local currency and the foreign currency loans,
trade finance, discount, acceptances, letters of credit, guarantees, factoring, guarantees and other off-balance sheet credit payment
form (collectively, “specific credit business”).

 

Chapter Three: The Principal Debt Secured
By

 

Article 2. The principal debt secured by the
guarantor is all the specific credit business incurred under the contract or agreement signed by creditor and fiduciary based on
the master “comprehensive credit agreement”. The guaranteed maximum principal debt for “Comprehensive Credit
Agreement” is RMB Thirty million.

 

Of the following cases, the main contract claims
to determine:

 

		(One)	identify expiry of the period of the main contract;

 

		(Two)	the new creditor cannot happen;

 

		(Three)	the creditor and the fiduciary terminate the contract or the creditor and the guarantor terminate the contract;

 

		(Four)	the fiduciary or the guarantor is declared bankrupt or is revoked, suspended, canceled or dissolution;

 

		(Five)	other cases law claimed.

 

Chapter Four: Guaranteed Way

 

Article 3. Guarantor provided the joint and
several liability guarantee under the contract

 

    	 	3	 

     

    

 

Chapter Five: Warranty

 

Article 4. Guaranteed under this contract include:
a fiduciary under the contract shall repay or pay the debt principal to the main creditor, interest (including statutory interest,
agreed interest and penalty interest), compound interest, fees, liquidated damages, compensation, the cost of the claim, (including,
but not limited to, litigation costs, attorneys’ fees, notary fees, implementation costs, etc.) and all other fees payable
(above together referred to as “collateralized debt obligations”).

 

Article 5. Creditor used to indicate any credit
secured debt under the contract or any proof payable, unless there is manifest error, the two sides should be the conclusive evidence
of the relationship between credit and debt and is binding on the guarantor.

 

Chapter Six: Warranty period

 

Article 6. Each specific credit business guarantee
period under “Comprehensive Credit Agreement” calculated separately since specific contract or agreement fiduciary
obligations to fulfill the expiration date (as required by law or agreement which led to the events specific credit business contract
or agreement early maturity, compared with earlier due date) two years.

 

Chapter Seven: The Documents the Guarantor
Should Submit

 

		1.	The guarantor or agent valid original signed copy of this contract;

 

		2.	Guarantor of identity documents;

 

		3.	Prove creditworthiness of guarantors proof of assets or other information;

 

		4.	Guarantor reasonably required to provide credit and other documents.

 

For a copy of the above documents, are subject
to the guarantor or the authorized signatory signature confirmation that the copy is true, complete and valid documents.

 

Chapter Eight: Representations and Warranties
of Guarantor

 

Article 8. Guarantor make the following representations
and warranties to the creditor here :

 

		1.	Guarantor is a full civil capacity of natural persons, have full qualifications and authority to enter into and perform this
contract, and can independently bear civil liability.

 

		2.	Guarantor has carefully read and fully understood the contract and this contract to accept the Lord contents guarantor execution
and performance of this contract is voluntary, under this contract in the full meaning of true representation.

 

		3.	Guarantor to the creditor to provide all the documents are accurate, true, complete and effective, and to provide a copy of
the form of documents are consistent with the original.

 

		4.	Guarantor signing and implementation of the contract does not violate its position as a party to any other contract or agreement,
and any laws or regulations applicable thereto. Guaranteed under this contract will not be subject to any restrictions.

 

		5.	To ensure that the contract legality, validity or enforceability of the guarantor has been completed or will complete all required
registration, filing or notary procedures.

 

		6.	This contract is legally valid, on the guarantor constitute a legally binding obligation.

 

    	 	4	 

     

    

 

		7.	Do not currently exist and will be anything involving guarantor or surety guarantor's financial position to meet its obligations
under this contract and adversely affect the ability of litigation, arbitration or administrative proceedings.

 

		8.	Guarantor did not occur or exist any event of default.

 

Article 9. The representations and warranties
of the guarantor in the life of the contract shall remain correct and that the guarantor will be ready by the creditor’s
request for further documents.

 

Chapter Nine: Guarantor’s Commitment

 

Article 10. Before all of the secured debt repaid
,the guarantor shall comply with the following provisions:

 

		1.	The guarantor shall immediately notify the creditor any of the following events:

 

		(1)	the occurrence of any event of default;

 

		(2)	relates to the guarantor or any major operating assets of litigation, arbitration or administrative proceedings;

 

		(3)	the guarantor income substantially reduced significantly, the loss of economic resources such as lost or may lose its ability
to perform the case;

 

		(4)	the guarantor change residential address and communication.

 

		2.	In the life of the contract, as long as all of the secured debt is not repaid, except with the prior written consent of the
creditor, the guarantor shall not sell, transfer, split or otherwise dispose of any of its major assets in the form.

 

		3.	In the life of the contract, before the completion of the all the secured debt fully settled, guarantor will not be in respect
of its generation of a fiduciary to the creditor settlement of any sum or its fiduciary may be entitled to any other creditor,
to the fiduciary recourse or claim right.

 

		4.	If a fiduciary fails to pay the secured debt timely, the guarantor shall, upon receipt of payment in writing to the creditor
within seven working days of the creditor, the creditor unconditionally in the manner required by a fiduciary on behalf of the
creditor payment of such debts.

 

		5.	If the guarantor fails to credit the person's request to timely payment of any sum under the contract, the creditor entitled
to directly from the guarantor to the creditor or credit to any other person within the system of opening branches directly deduct
any account, without having to obtain the prior consent of the guarantor.

 

		6.	Upon the request of the creditor, the guarantor shall be required to pay immediately to the credit or compensation for costs
and losses following:

 

		(1)	Credit artificially realize the rights under this contract incurred all costs and expenses (including but not limited to attorney's
fees, court costs, fees and all other executive actual expenditure); and

 

		(2)	due to violation of the contract and the guarantor to the creditor liable for any other losses

 

    	 	5	 

     

    

 

Chapter Ten: The nature and effectiveness
of security

 

Article 11. This contract guarantees established
by independent credit secured debt artificially made by any other guarantee. Credit to exercise rights under this contract without
first implementation of its former holdings of any other guarantees (whether material or human security guarantees), and need not
first to the fiduciary or any other third party to take any other relief measures.

 

Chapter Eleven: Events of default

 

Article 12. Each of the following events and
issues constitute Guarantor in the event of default under the contract:

 

		1.	Master contract any event of default occurs under;

 

		2.	Guarantor under this contract made representations, warranties or undertakings are recognized as incorrect or untrue;

 

		3.	The main part of any contract for any reason is no longer fully valid, or is terminated for any reason or restricted;

 

		4.	Occurred against the guarantor or a substantial operating assets litigation, arbitration or administrative proceedings;

 

		5.	Guarantor is in breach of its present obligations under the contract or the occurrence of other people think that credit will
adversely affect the creditor rights under this Contract other events.

 

Article 13. Of the event of default has occurred,
as the case is entitled to take credit of any one or more of the following measures:

 

		1.	Exercise credit in the main contract and enjoyed under this contract remedies for breach of contract;

 

		2.	Guarantor in accordance with the requirements of the contract responsibility of guarantee;

 

		3.	Exercise of the creditor was secured debt may have any other security interest.

 

Chapter Twelve: Others

 

Article 14. Without the prior consent of the
creditor, the guarantor shall not transfer or otherwise dispose of their under this contract in whole or part of the obligations.

 

Article 15. Of people give credit guarantors
any grace, discount or delay, shall not affect, damage or limit the creditor under this contract and the laws and regulations and
all the rights; no person should be treated as credit rights under this Contract and interest waiver, does not affect the guarantor
under this contract from any liability and obligations.

 

Article 16. If at any time any of the terms
of this contract are in any way or becomes illegal, invalid or unenforceable, the other provisions of this contract the legality,
validity or enforceability is not affected or impaired.

 

Article 17. Of the contract, the guarantor shall
be guaranteed full payment of the debt, offset shall not make any claim, nor shall any conditions.

 

Article 18. The contract mutual issue relating
to this contract notice requirements should be made in writing, sent to the home page of this contract the parties listed in the
address or fax. Any party to change its address or fax, the need for timely notice to the other.

 

    	 	6	 

     

    

 

Communications between the parties, such as
by hand, after delivery shall be deemed to be served; if sent by registered letter, and in three days after sending a registered
letter shall be deemed to be served; if sent by facsimile, shall be deemed to be served at the time of issue. However, given the
guarantor’s credit file, you need to actually received before the creditor is deemed served.

 

Chapter Thirteen: Applicable Law and Dispute
Resolution

 

Article 19. This contract and the contract to
any matters covered by applicable PRC laws (excluding Hong Kong, Macau and Taiwan law), and in accordance with laws of the PRC
(excluding Hong Kong, Macau and Taiwan law) explained.

 

Article 20. During the performance of this contract
or in connection with all disputes relating to this contract, the two parties settled through friendly consultations. Negotiation
can not reach agreement, either party may apply to the credit people local people's court.

 

Chapter Fourteen: Effectiveness, Change
and Release of the Contract

 

Article 21. This contract is signed by the guarantor
and the creditor or agent authorized representative / responsible person or agent or stamped signature and seal of the date.

 

Article 22. After the commencement of this contract,
either party may change or premature termination of the contract. If we need to change or cancel the contract, the guarantor and
the creditor shall be approved by mutual agreement, and reach a written agreement. Prior written agreement is reached, the provisions
of this contract is still valid.

 

Chapter Fifteen: Attachment

 

Article 23. The matters covered in this contract,
the guarantor and the creditor both parties may otherwise agree in writing, as an annex to this contract. Hereto are an integral
part of this contract, this contract have the same legal effect.

 

Article 24. of the annex to the contract include:

 

		1.	

 

		2.	

 

Chapter Sixteen: Supplementary

 

Article 25. Of the original contract a formula
three copies guarantor holding one copies of credit people who II copies of the same legal effect.

 

Article 26. This Contract June 23, 2015 by the
guarantor and the creditor in Shenzhen signed.

 

Article 27. The parties to the contract agree
to this contract notarized promise to give the contract unenforceable. When a fiduciary, the guarantor is not fulfilled, or if
the debt is not completely fulfill the laws and regulations, the implementation contract creditor claims, guarantees the right
circumstances, the creditor has the right to direct the people’s court having jurisdiction for enforcement. Fiduciary, guarantor
loan made under this contract enforcement application without any objection. (This section is optional terms, the parties choose
this contract [   ]. 1, applies; 2, does not apply.)

 

    	 	7	 

     

    

 

This page is page contract signed by both
parties, no text

 

Guarantor or agent (Signature):

 

Creditor (stamp):

 

Legal Representative / CEO:

(or agent )

 

    	 	8EXHIBIT
10.1

 

THIS NOTE AND THE COMMON
STOCK ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE "1933 ACT”)

 

 

 US $27,000.00 

 

 

AGRITEK HOLDINGS, INC.

8% CONVERTIBLE REDEEMABLE NOTE

DUE MARCH 30, 2016

 

 

FOR VALUE RECEIVED,
Agritek Holdings, Inc. (the “Company”) promises to pay to the order of SERVICE TRADING COMPANY, LLC and its authorized
successors and permitted assigns ("Holder"), the aggregate principal face amount of Twenty Seven Thousand Dollars
exactly (U.S. $27,000.00) on March 30, 2016 ("Maturity Date") and to pay interest on the principal amount outstanding
hereunder at the rate of 8% per annum commencing on March 30, 2015. The interest will be paid to the Holder in whose name this
Note is registered on the records of the Company regarding registration and transfers of this Note. The principal of, and interest
on, this Note are payable at 50 W. Liberty Street, Suite #880, Reno, NV 89501, initially, and if changed, last appearing on the
records of the Company as designated in writing by the Holder hereof from time to time. The Company will pay each interest payment
and the outstanding principal due upon this Note before or on the Maturity Date, less any amounts required by law to be deducted
or withheld, to the Holder of this Note by check or wire transfer addressed to such Holder at the last address appearing on the
records of the Company. The forwarding of such check or wire transfer shall constitute a payment of outstanding principal hereunder
and shall satisfy and discharge the liability for principal on this Note to the extent of the sum represented by such check or
wire transfer. Interest shall be payable in Common Stock (as defined below) pursuant to paragraph 4(b) herein.

 

This Note is subject
to the following additional provisions:

 

1.This Note is exchangeable for
an equal aggregate principal amount of Notes of different authorized denominations, as requested by the Holder surrendering the
same. No service charge will be made for such registration or transfer or exchange, except that Holder shall pay any tax or other
governmental charges payable in connection therewith.

 

2.The Company shall be entitled
to withhold from all payments any amounts required to be withheld under applicable laws.

 

3.This Note may be transferred
or exchanged only in compliance with the Securities Act of 1933, as amended ("Act") and applicable state securities
laws. Any attempted transfer to a non-qualifying party shall be treated by the Company as void. Prior to due presentment for transfer
of this Note, the Company and any agent of the Company may treat the person in whose name this Note is duly registered on the Company's
records as the owner hereof for all other purposes, whether or not this Note be overdue, and neither the Company nor any such agent
shall be affected or bound by notice to the contrary. Any Holder of this Note electing to exercise the right of conversion set
forth in Section 4(a) hereof, in addition to the requirements set forth in Section 4(a), and any prospective transferee of this
Note, also is required to give the Company written confirmation that this Note is being converted ("Notice of Conversion")
in the form annexed hereto as Exhibit A. The date of receipt (including receipt by telecopy) of such Notice of Conversion
shall be the Conversion Date.

 

4.(a)The Holder of this Note
is entitled, at its option, at any time, to convert all or any amount of the principal face amount of this Note then outstanding
into shares of the Company's common stock (the "Common Stock") at a price ("Conversion Price")
for each share of Common Stock equal to 58% of the lowest closing bid price of the Common Stock as reported
on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common
Stock may be traded in the future ("Exchange"), for the eighteen prior trading
days including the day upon which a Notice of Conversion is received by the Company (provided such Notice of Conversion is delivered
by fax or other electronic method of communication to the Company after 4 P.M. Eastern Standard or Daylight Savings Time if the
Holder wishes to include the same day closing price). If the shares have not been delivered within 3 business days, the Notice
of Conversion may be rescinded. Such conversion shall be effectuated by the Company delivering the shares of Common Stock to the
Holder within 3 business days of receipt by the Company of the Notice of Conversion. Once the Holder has received such shares of
Common Stock, the Holder shall surrender this Note to the Company, executed by the Holder evidencing such Holder's intention to
convert this Note or a specified portion hereof, and accompanied by proper assignment hereof in blank. Accrued, but unpaid interest
shall be subject to conversion. No fractional shares or scrip representing fractions of shares will be issued on conversion, but
the number of shares issuable shall be rounded to the nearest whole share. In the event the Company experiences a DTC “Chill”
on its shares, the conversion price shall be decreased to 48% instead of 58% while that “Chill” is in effect. In
no event shall the Holder be allowed to effect a conversion if such conversion, along with all other shares of Company Common Stock
beneficially owned by the Holder and its affiliates would exceed 9.9% of the outstanding shares of the Common Stock of the Company.

 

(b)Interest on any unpaid principal
balance of this Note shall be paid at the rate of 8% per annum. Interest shall be paid by the Company in Common Stock ("Interest
Shares"). Holder may, at any time, send in a Notice of Conversion to the Company for Interest Shares based on the formula
provided in Section 4(a) above. The dollar amount converted into Interest Shares shall be all or a portion of the accrued interest
calculated on the unpaid principal balance of this Note to the date of such notice.

 

(c)The Notes may be prepaid with
the following penalties:

	PREPAY DATE	PREPAY AMOUNT
	< 30 days	118% of principal plus accrued interest
	31- 60 days 	124% of principal plus accrued interest
	61-90 days 	130% of principal plus accrued interest
	91-120 days 	136% of principal plus accrued interest
	121-150 days 	142% of principal plus accrued interest
	151-180 days	148% of principal plus accrued interest

This Note may not be prepaid after the
180th day. Such redemption must be closed and funded within 3 days of giving notice of redemption of the right to redeem
shall be null and void.

 

(d) Upon (i) a transfer of all
or substantially all of the assets of the Company to any person in a single transaction or series of related transactions, (ii)
a reclassification, capital reorganization or other change or exchange of outstanding shares of the Common Stock, other than a
forward or reverse stock split or stock dividend, or (iii) any consolidation or merger of the Company with or into another person
or entity in which the Company is not the surviving entity (other than a merger which is effected solely to change the jurisdiction
of incorporation of the Company and results in a reclassification, conversion or exchange of outstanding shares of Common Stock
solely into shares of Common Stock) (each of items (i), (ii) and (iii) being referred to as a "Sale Event"), then, in
each case, the Company shall, upon request of the Holder, redeem this Note in cash for 150% of the principal amount, plus accrued
but unpaid interest through the date of redemption, or at the election of the Holder, such Holder may convert the unpaid principal
amount of this Note (together with the amount of accrued but unpaid interest) into shares of Common Stock immediately prior to
such Sale Event at the Conversion Price.

 

(e) In case of any Sale Event
(not to include a sale of all or substantially all of the Company’s assets) in connection with which this Note is not redeemed
or converted, the Company shall cause effective provision to be made so that the Holder of this Note shall have the right thereafter,
by converting this Note, to purchase or convert this Note into the kind and number of shares of stock or other securities or property
(including cash) receivable upon such reclassification, capital reorganization or other change, consolidation or merger by a holder
of the number of shares of Common Stock that could have been purchased upon exercise of the Note and at the same Conversion Price,
as defined in this Note, immediately prior to such Sale Event. The foregoing provisions shall similarly apply to successive Sale
Events. If the consideration received by the holders of Common Stock is other than cash, the value shall be as determined by the
Board of Directors of the Company or successor person or entity acting in good faith.

 

5.No provision of this Note shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of, and interest on, this
Note at the time, place, and rate, and in the form, herein prescribed.

 

6.The Company hereby expressly
waives demand and presentment for payment, notice of non-payment, protest, notice of protest, notice of dishonor, notice of acceleration
or intent to accelerate, and diligence in taking any action to collect amounts called for hereunder and shall be directly and primarily
liable for the payment of all sums owing and to be owing hereto.

 

7.The Company agrees to pay all
costs and expenses, including reasonable attorneys' fees and expenses, which may be incurred by the Holder in collecting any amount
due under this Note.

 

8.If one or more of the following
described "Events of Default" shall occur:

 

(a)The Company shall default in
the payment of principal or interest on this Note or any other note issued to the Holder by the Company; or

 

(b)Any of the representations
or warranties made by the Company herein or in any certificate or financial or other written statements heretofore or hereafter
furnished by or on behalf of the Company in connection with the execution and delivery of this Note, or the Securities Purchase
Agreement under which this note was issued shall be false or misleading in any respect; or

 

(c)The Company shall fail to perform
or observe, in any respect, any covenant, term, provision, condition, agreement or obligation of the Company under this Note or
any other note issued to the Holder; or

 

(d)The Company shall (1) become
insolvent; (2) admit in writing its inability to pay its debts generally as they mature; (3) make an assignment for the benefit
of creditors or commence proceedings for its dissolution; (4) apply for or consent to the appointment of a trustee, liquidator
or receiver for its or for a substantial part of its property or business; (5) file a petition for bankruptcy relief, consent to
the filing of such petition or have filed against it an involuntary petition for bankruptcy relief, all under federal or state
laws as applicable; or

 

(e)A trustee, liquidator or receiver
shall be appointed for the Company or for a substantial part of its property or business without its consent and shall not be discharged
within sixty (60) days after such appointment; or

 

(f)Any governmental agency or
any court of competent jurisdiction at the instance of any governmental agency shall assume custody or control of the whole or
any substantial portion of the properties or assets of the Company; or

 

(g)One or more money judgments,
writs or warrants of attachment, or similar process, in excess of fifty thousand dollars ($50,000) in the aggregate, shall be entered
or filed against the Company or any of its properties or other assets and shall remain unpaid, unvacated, unbonded or unstayed
for a period of fifteen (15) days or in any event later than five (5) days prior to the date of any proposed sale thereunder; or

 

(h)The Company shall have defaulted
on or breached any term of any other note of similar debt instrument into which the Company has entered and failed to cure such
default within the appropriate grace period; or

 

(i)The Company shall have its
Common Stock delisted from an exchange (including the OTCBB exchange) or, if the Common Stock trades on an exchange, then trading
in the Common Stock shall be suspended for more than 10 consecutive days;

 

(j)If a majority of the members
of the Board of Directors of the Company on the date hereof are no longer serving as members of the Board;

 

(k)The Company shall not deliver
to the Holder the Common Stock pursuant to paragraph 4 herein without restrictive legend within 3 business days of its receipt
of a Notice of Conversion; or

 

(l) The Company shall not replenish
the reserve set forth in Section 12, within 3 business days of the request of the Holder.

 

(m)The Company shall not be “current”
in its filings with the Securities and Exchange Commission; or

 

(n) The Company shall lose the
“bid” price for its stock in a market (including the OTCQB marketplace or other exchange).

 

Then, or at any time thereafter, unless
cured within 5 days, and in each and every such case, unless such Event of Default shall have been waived in writing by the Holder
(which waiver shall not be deemed to be a waiver of any subsequent default) at the option of the Holder and in the Holder's sole
discretion, the Holder may consider this Note immediately due and payable, without presentment, demand, protest or (further) notice
of any kind (other than notice of acceleration), all of which are hereby expressly waived, anything herein or in any note or other
instruments contained to the contrary notwithstanding, and the Holder may immediately, and without expiration of any period of
grace, enforce any and all of the Holder's rights and remedies provided herein or any other rights or remedies afforded by law.
Upon an Event of Default, interest shall accrue at a default interest rate of 24% per annum or, if such rate is usurious or not
permitted by current law, then at the highest rate of interest permitted by law. In the event of a breach of Section 8(k) the penalty
shall be $250 per day the shares are not issued beginning on the 4th day after the conversion notice was delivered to
the Company. This penalty shall increase to $500 per day beginning on the 10th day. The penalty for a breach of Section
8(n) shall be an increase of the outstanding principal amounts by 20%. In case of a breach of Section 8(i), the outstanding principal
due under this Note shall increase by 50%. If this Note is not paid at maturity, the outstanding principal due under this Note
shall increase by 10%.

 

If the Holder shall commence an action
or proceeding to enforce any provisions of this Note, including, without limitation, engaging an attorney, then if the Holder prevails
in such action, the Holder shall be reimbursed by the Company for its attorneys’ fees and other costs and expenses incurred
in the investigation, preparation and prosecution of such action or proceeding.

 

Make-Whole for Failure
to Deliver Loss. At the Holder’s election, if the Company fails for any reason to deliver to the Holder the conversion shares
by the by the 3rd business day following the delivery of a Notice of Conversion to the Company and if the Holder incurs a Failure
to Deliver Loss, then at any time the Holder may provide the Company written notice indicating the amounts payable to the Holder
in respect of the Failure to Deliver Loss and the Company must make the Holder whole as follows:

Failure to Deliver Loss = [(High trade
price at any time on or after the day of exercise) x (Number of conversion shares)]

 

The Company must pay the Failure to Deliver
Loss by cash payment, and any such cash payment must be made by the third business day from the time of the Holder’s written
notice to the Company.

 

 

9.In case any provision of this
Note is held by a court of competent jurisdiction to be excessive in scope or otherwise invalid or unenforceable, such provision
shall be adjusted rather than voided, if possible, so that it is enforceable to the maximum extent possible, and the validity and
enforceability of the remaining provisions of this Note will not in any way be affected or impaired thereby.

 

10.Neither this Note nor any term
hereof may be amended, waived, discharged or terminated other than by a written instrument signed by the Company and the Holder.

11.The Company represents that
it is not a “shell” issuer and has never been a “shell” issuer or that if it previously has been a “shell”
issuer that at least 12 months have passed since the Company has reported form 10 type information indicating it is no longer a
“shell issuer. Further. The Company will instruct its counsel to either (i) write a 144 opinion to allow for salability of
the conversion shares or (ii) accept such opinion from Holder’s counsel.

12.The
Company shall issue irrevocable transfer agent instructions reserving 9,310,000 shares of its Common Stock for conversions under
this Note (the “Share Reserve”). Upon full conversion of this Note, any shares remaining in the Share Reserve shall
be cancelled. The Company shall pay all costs associated with issuing and delivering the shares. The company should at all times
reserve a minimum of four times the amount of shares required if the note would be fully converted.  The Holder may reasonably
request increases from time to time to reserve such amounts.

 

13.The Company will give the Holder
direct notice of any corporate actions, including but not limited to name changes, stock splits, recapitalizations etc. This notice
shall be given to the Holder as soon as possible under law.

 

14.This
Note shall be governed by and construed in accordance with the laws of New York applicable to contracts made and wholly to be performed
within the State of New York and shall be binding upon the successors and assigns of each party hereto. The Holder and the Company
hereby mutually waive trial by jury and consent to exclusive jurisdiction and venue in the courts of the State of New York. This
Agreement may be executed in counterparts, and the facsimile transmission of an executed counterpart to this Agreement shall be
effective as an original.

    	 	 	 

     

    

 

IN WITNESS WHEREOF,
the Company has caused this Note to be duly executed by an officer thereunto duly authorized.

 

 

Dated: __________________

 

 

 

AGRITEK HOLDINGS, INC.

 

By: __________________________________

Title: _________________________________

    	 	 	 

     

    

EXHIBIT A

 

 

NOTICE OF CONVERSION

 

(To be Executed by
the Registered Holder in order to Convert the Note)

 

The undersigned hereby
irrevocably elects to convert $___________ of the above Note into _________ Shares of Common Stock of Agritek Holdings, Inc. (“Shares”)
according to the conditions set forth in such Note, as of the date written below.

 

If Shares are to be
issued in the name of a person other than the undersigned, the undersigned will pay all transfer and other taxes and charges payable
with respect thereto.

 

Date of Conversion:   _____________________________________________________

Applicable Conversion Price:   ______________________________________________

Signature:   _____________________________________________________________

[Print Name of Holder and Title of Signer]

Address:   _____________________________________________________________

   _____________________________________________________________

 

SSN or EIN:   ________________________

Shares are to be registered in the following name:  _______________________________

 

Name:   ________________________________________________

Address:   ______________________________________________

Tel:   ________________________

Fax:  ________________________

SSN or EIN:  _________________

 

Shares are to be sent or delivered to the following account:

 

Account Name:   _______________________________________________________

Address:   ____________________________________________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00248-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00248-of-00352.parquet"}]]