Document:

Alpha
Capital

150
Central Park South

2nd
Floor

New York,
NY 10019

 

VIA FACSIMILE
AND FIRST CLASS MAIL

 

Effective
June 30, 2013

 

Re: FORBEARANCE
AGREEMENT

 

Ladies
and Gentlemen:

 

Reference
is made to the $500,000 8% Senior Secured Promissory Note due March 6, 2009, issued on or about March 6, 2007, the $20,000
8% Senior Secured Promissory Note due March 6, 2009, issued on or about August 4, 2008, the $30,000 Senior Secured Promissory
Note due January 31, 2010, issued on or about September 29, 2008, and the $25,500 Senior Secured Promissory Note due January
31, 2010, issued on or about October 31, 2008, on or about 4/3/2009 a $34,750 note, on or about 10/22/2009 a note for
$40,000, on and about 7/21/2010 a note for $3846. on and about 10/20/2010 a note for $3077, on and about 11/12/2010, a note
for $9000 and $24,000 on or about July 19, 2012, on or about December 4, 2012, $2500 and on or about December 10, 2012, $2500,
and on or about February 11, 2013 $3500 and on or about June 28, 2013 $2500(together the “Notes”) from NaturalNano,
Inc. and NaturalNano Research. Inc. (jointly and severally, the “Borrower”) to Alpha Capital (the
“Lender”). Capitalized terms used herein and not otherwise defined shall have the respective meanings given in the
Notes.

 

The
Borrower has requested that the Lender forbear from exercising its various rights and remedies under the Notes and other related
documents (collectively, the “Loan Documents”) that may otherwise be exercised by the Lender on the date hereof, in
order to provide the Borrower with additional time during which it may resolve its current financial problems.

 

The
Lender is prepared to forbear from demanding payment of principal on the Notes on the Maturity Date of the Notes, or taking any
other action to collect the principal amount of the Notes until the earlier of November 30, 2013 (unless extended by the Lender
in its discretion) or the termination of the Forbearance Period pursuant to the terms of this Letter Agreement (such period, the
“Forbearance Period”), provided the Borrower accepts and agrees to the terms, conditions and covenants set forth herein,
and communicates such acceptance (by delivering a signed copy of this Letter Agreement) to the Lender no later than 5:00 p.m.
on November 30, 2013; provided further it is understood that Borrower is not obligated to make all interest payments required
under the Notes during the Forbearance Period.

 

Upon
execution by the Borrower, this letter shall be a binding agreement among the respective parties hereto (referred to as the “Letter
Agreement”).

 

    	 

    	 

    

 

By
its execution, the Borrower represents, warrants and covenants as follows: 

 

1.          No
Duress. The Borrower has freely and voluntarily entered into this Letter Agreement after an adequate opportunity to review
and discuss the terms and conditions and all factual and legal matters relevant hereto with counsel freely and independently chosen
by it and this Letter Agreement is being executed without fraud, duress, undue influence or coercion of any kind or nature whatsoever
having been exerted by or imposed upon any party.

 

2.          Amount
Due. The Borrower does not contest the amounts outstanding under the Notes
as set forth in the Lender’s books and records (the “Outstanding Amount”). The Borrower shall also be responsible
for reimbursing the Lender for all costs and expenses, including the fees and expenses of legal counsel that may be incurred in
connection with the enforcement of this Letter Agreement, which, if incurred, shall be added to the Outstanding Amount. The Borrower
acknowledges and agrees that the Outstanding Amount, plus interest accrued thereon, shall be due and owing upon termination of
the Forbearance Period.

 

3.          No
Defenses. The Borrower has no defenses, affirmative or otherwise, rights of setoff, rights of recoupment, claims, counterclaims,
or causes of action of any kind or nature whatsoever against the Lender, its officers, directors, employees, attorneys, legal
representatives or affiliates (collectively, the “Lender Group”), directly or indirectly, arising out of, based upon,
or in any manner connected with, any transaction, event, circumstance, action, failure to act, or occurrence of any sort or type,
whether known or unknown, which occurred, existed, was taken, permitted, or began prior to the execution of this Letter Agreement
and accrued, existed, was taken, permitted or begun in accordance with, pursuant to, or by virtue of the Notes or any of the terms
or conditions of the Loan Documents, or which directly or indirectly relate to or arise out of or in any manner are connected
with the Notes or any of the Loan Documents; TO THE EXTENT ANY SUCH DEFENSES, AFFIRMATIVE OR OTHERWISE, RIGHTS OF SETOFF, RIGHTS
OF RECOUPMENT, CLAIMS, COUNTERCLAIMS, OR CAUSES OF ACTION EXIST, SUCH DEFENSES, RIGHTS, CLAIMS, COUNTERCLAIMS, AND CAUSES OF ACTION
ARE HEREBY FOREVER WAIVED, DISCHARGED AND RELEASED.

 

4.          Interest
Continues to Accrue. During the Forbearance Period, the Outstanding Amount shall bear interest at a new interest rate under
the Notes (8%); it being understood that the default rate shall apply upon the occurrence of any Event of Default (other
than Existing Defaults) there under or upon termination of the Forbearance Period.

 

5.          Other
Notes. The Borrower agrees that it shall not provide any holder of the Notes issued on or about March 6, 2007, August 5, 2008,
September 29, 2008 or October 31, 2008, 4/3/2009, 10/22/2009, 07/21/2010, 10/20,2010, 11,12,2010 (the “Other Notes”)
any concession or payment with respect to such Other Notes without first offering the Lender the opportunity to receive such payment
or concession with respect to the Notes.

 

6.          Forbearance. During
the Forbearance Period, the Lender agrees that it will not take any further action against the Borrower or exercise or move to
enforce any other rights or remedies provided for in the Loan Documents or otherwise available to it, at law or in equity, by
virtue of the occurrence and/or continuation of any default or Event of Default under the Notes existing on the date hereof, including
any default relating to the Borrower’s failure to maintain the effectiveness of any registration statement (the “Existing
Defaults”), or take any action against any property in which the Borrower has any interest.

 

    	 

    	 

    

 

7.          Lender
to Retain all Rights. It is understood and agreed that this Letter Agreement does not waive or evidence consent to any default
or Event of Default (including the Existing Defaults) under the Notes or the Loan Documents. The parties hereto acknowledge and
agree that the Lender (i) shall retain all rights and remedies it may now have with respect to the Notes and the Borrower’s
obligations under the Loan Documents (“Default Rights”), and (ii) shall have the right to exercise and enforce such
Default Rights upon termination of the Forbearance Period. The parties further agree that the exercise of any Default Rights by
the Lender upon termination of the Forbearance Period shall not be affected by reason of this Letter Agreement, and the parties
hereto shall not assert as a defense thereto the passage of time, estoppel, laches or any statute of limitations to the extent
that the exercise of any Default Rights was precluded by this Letter Agreement.

 

8.          Termination
of Forbearance Period. The Forbearance Period shall terminate upon the earlier to occur of: (1) 5:00 pm (New York City Time)
on November 30, 2013; (2) the Borrower shall fail to observe, perform, or comply with any of the terms, conditions or provisions
of this Letter Agreement as and when required and/or any other Event of Default (other than the Existing Defaults occurring prior
to the date hereof) shall occur under the Notes or any of the Loan Documents or any other agreement between the Borrower and the
Lender (or its affiliates) or any other indebtedness issued by the Borrower to the Lender or its affiliates; (3) any representation
or warranty made herein, in any document executed and delivered in connection herewith, or in any report, certificate, financial
statement or other instrument or document now or hereafter furnished by or on behalf of the Borrower in connection with this Letter
Agreement, shall prove to have been false, incomplete or misleading in any material respect on the date as of which it was made;
(4) any suit preceding or other action is commenced by any other creditor against the Company; or (5) a court of competent jurisdiction
shall enter an order for relief or take any similar action in respect of the Borrower in an involuntary case under any applicable
bankruptcy, insolvency, reorganization, moratorium or similar law now or hereafter in effect or a petition for relief under any
applicable bankruptcy, insolvency, reorganization, moratorium or other similar law shall be filed by or against the Borrower.

 

9.          Adjustment
of Conversion Prices and Ratios. In consideration of the agreement of the Lender to forbear from exercising its rights and
remedies as is set forth herein, (i) the Borrowers covenant and agree that, with respect to any Note that is convertible pursuant
to its terms, the Conversion Price (as defined and as set forth in the Notes) is, effective as of the date hereof, hereafter reduced
to the lowest of (A) 75% of the lowest of the average VWAP (as defined in such Notes) for the one business day, five business
day or ten business day period immediately preceding the date of the conversion request, such period to be selected by the Lender.
This conversion adjustments covers from July 1, 2012 and going forward until changed.

 

Upon
termination of the Forbearance Period, should the Notes or any of the Borrower’s obligations under the Loan Documents not
be satisfied in full, the Lender shall be entitled to pursue immediately its various rights and remedies, including its Default
Rights, against the Borrower, all collateral given by the Borrower to secure the Loan and the obligations under the Loan Documents,
without regard to notice and cure periods, all of which are hereby waived by the Borrower. Without limiting the generality of
the foregoing, upon termination of the Forbearance Period, the Lender shall be permitted to immediately exercise its rights to
demand and collect on the Outstanding Amount.

 

    	 

    	 

    

 

If the foregoing is acceptable
to you. please sign in the space provided below.

 

	 	Sincerely,
	 	 
	 	Alpha Capital.

	 	 
	 	By:	/s/
    Konrad Ackermann
	 	Name:  Konrad Ackermann
	 	Title:    Director

 

Accepted
and Agreed as of this 23 of July 2013

 

NATURALNANO,
INC.

 

	By:		 
	Name:  James Wemett	 
	Title: Acting President and CEO	 

 

	NATURALNANO RESEARCH, INC.	 
	 	 	 
	By:		 
	Name:  James Wemett	 
	Title: Acting President and CEOExhibit 10.10

 

THIS AMENDED AND RESTATED CONVERTIBLE
UNSECURED PROMISSORY NOTE AND ANY SECURITIES INTO WHICH THIS AMENDED AND RESTATED CONVERTIBLE UNSECURED PROMISSORY NOTE IS CONVERTIBLE
HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR QUALIFIED UNDER
ANY STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR QUALIFICATION
OR AN EXEMPTION THEREFROM UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

 

THIS AMENDED AND RESTATED CONVERTIBLE
UNSECURED PROMISSORY NOTE AND ANY SECURITIES INTO WHICH THIS AMENDED AND RESTATED CONVERTIBLE UNSECURED PROMISSORY NOTE IS CONVERTIBLE
ARE SUBJECT TO RESTRICTIONS ON TRANSFER CONTAINED IN THAT CERTAIN AMENDED AND RESTATED NOTE PURCHASE AGREEMENT, DATED MAY 31,2013,
WHICH RESTRICTIONS ON TRANSFER ARE INCORPORATED HEREIN BY REFERENCE.

 

AMENDED AND RESTATED

 

CONVERTIBLE UNSECURED PROMISSORY NOTE 

 

	$1,002,800.00*	June 11, 2013
	 	New York, New York

 

FOR VALUE RECEIVED,
Grandparents.com, Inc., a Delaware corporation (the “Company”), promises to pay to the order of _______________
or its registered assigns (“Holder”), the principal sum of $1,002,800 with interest compounded annually on the
outstanding principal amount at the rate of twelve percent (12%) per annum (computed on the basis of actual calendar days elapsed
and a year of 365 days) or, if less, at the highest rate of interest then permitted under applicable law (the “Applicable
Rate”); provided, however, that in the event of an Event of Default, the Applicable Rate shall be eighteen percent (18%)
per annum (computed on the basis of actual calendar days elapsed and a year of 365 days) or, if less, at the highest rate of interest
then permitted under applicable law. Interest commenced accruing as of May 31, 2013 and shall continue on the outstanding principal
of this Convertible Unsecured Promissory Note (this “Note”) until paid or converted in accordance with the provisions
hereof. Notwithstanding the foregoing (and for the avoidance of doubt), interest on this Note shall not be due and payable until
the Maturity Date (as defined below).

 

This Note amends, restates
and renews, in its entirety, that certain Convertible Unsecured Promissory Note of the Company in favor of the Holder, dated May
31, 2013, in the original principal sum of $1,002,800.00 (the “Original Note”). This Note is a replacement of
and is not in addition to the Original Note. Upon execution and delivery of this Note by the Company to the Holder, the Original
Note shall no longer be in force or effect.

 

    	 

    	 

    

 

1.            Definitions.
Capitalized terms used but not defined herein shall have the meanings given them in the Agreement (as defined below).

 

2.            Note
Purchase Agreement. This Note is issued pursuant to the terms of that certain Amended and Restated Note Purchase Agreement
(the “Agreement”) dated as of May 31, 2013, by and among the Company and Holder. Subject to Section 3 hereof,
this Note is convertible into Common Stock in accordance with Section 2.3 of the Agreement. Upon the occurrence of any one or more
of the Events of Default specified in the Agreement, all amounts then remaining unpaid on this Note may be declared to be or may
automatically become immediately due and payable as provided in the Agreement.

 

3.            Beneficial
Ownership Restrictions.

 

(a)          Notwithstanding
anything to the contrary set forth in this Note or any other Transaction Document (including, without limitation, the Agreement),
at no time may the Holder convert any part of this Note if the number of shares of Common Stock to be issued pursuant to such conversion,
when aggregated with all other shares of Common Stock owned by the Holder at such time, would result in the Holder beneficially
owning (as determined in accordance with Section 13(d) of the Exchange Act, and the rules there under) in excess of 4.99% of the
then issued and outstanding shares of Common Stock outstanding at such time; provided, however, that upon a Holder providing the
Company with sixty-one (61) days notice (the “Waiver Notice”) that such Holder would like to waive this Section
3(a) with regard to any or all shares of Common Stock issuable upon conversion of this Note, this Section 3(a) shall be of no force
or effect with regard to shares of Common Stock referenced in the Waiver Notice.

 

(b)          Notwithstanding
anything to the contrary set forth in this Note or any other Transaction Document (including, without limitation, the Agreement),
at no time may Holder convert any part of this Note if the number of shares of Common Stock to be issued pursuant to such conversion,
when aggregated with all other shares of Common Stock owned by Holder at such time, would result in Holder beneficially owning
(as determined in accordance with Section 13(d) of the Exchange Act, and the rules there under) in excess of 9.99% of the then
issued and outstanding shares of Common Stock outstanding at such time; provided, however, that upon Holder providing the Company
with a Waiver Notice that Holder would like to waive this Section 3(b) with regard to any or all shares of Common Stock issuable
upon conversion of this Note, this Section 3(b) shall be of no force or effect with regard to such shares of Common Stock referenced
in the Waiver Notice.

 

4.            Maturity.
Unless sooner paid or converted in accordance with the terms hereof, the entire unpaid principal amount and all unpaid accrued
interest under this Note shall become fully due and payable on the earlier of (i) June 2, 2014, or (ii) the acceleration of the
maturity of this Note by Holder upon the occurrence of an Event of Default (such earlier date, the “Maturity Date”).

 

5.            Payments.

 

(a)          Form
of Payment. All payments of interest and principal (other than payment by way of conversion) shall be in lawful money of the
United States of America to Holder, at the address specified in the Agreement, or at such other address as may be specified from
time to time by Holder in a written notice delivered to the Company. All payments shall be applied first to accrued interest, and
thereafter to principal.

 

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(b)          Prepayment.
The Company shall have the right to prepay, upon five (5) Business Days written notice, any amounts owed under this Note in whole
or in part at any time without the prior written consent of Holder.

 

6.            Lost,
Stolen, Destroyed or Mutilated Notes. In case this Note shall be mutilated, lost, stolen or destroyed, the Company shall issue
a new Note of like date, tenor and denomination and deliver the same in exchange and substitution for and upon surrender and cancellation
of such mutilated Note, or in lieu of such Note lost, stolen or destroyed, upon receipt of evidence satisfactory to the Company
of the loss, theft or destruction of such Note.

 

7.            Governing
Law. This Note is to be construed in accordance with and governed by the laws of the State of New York, without giving effect
to the conflict of laws principles thereof.

 

8.            Amendment
and Waiver. Any term of this Note may be amended and the observance of any term of this Note may be waived (either generally
or in a particular instance and either retroactively or prospectively), in accordance with Section 8.7 of the Agreement.

 

9.            Notices.
Except as may be otherwise provided herein, all notices, requests, waivers and other communications made pursuant to this Note
shall be made in accordance with Section 8.6 of the Agreement.

 

10.          Severability.
If one or more provisions of this Note are held to be unenforceable under applicable law, such provision(s) shall be excluded from
this Note and the balance of this Note shall be interpreted as if such provision were so excluded and shall be enforceable in accordance
with its terms.

 

11.          Assignment.
The Company shall not have the right to assign its rights and obligations hereunder or any interest herein.

 

12.          Remedies
Cumulative; Failure or Indulgence Not a Waiver. The remedies provided in this Note shall be cumulative and in addition to all
other remedies available under this Note and any of the other Transaction Documents. No failure or delay on the part of Holder
in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege.

 

13.          Payments.
Whenever any payment of cash is to be made by the Company to any Person pursuant to this Note, such payment shall be made in lawful
money of the United States of America by a check drawn on the account of the Company and sent via overnight courier service to
such Person at such address as previously provided to the Company in writing (which address, in the case of Holder as of the date
of issuance hereof, shall initially be the address for Holder as set forth in the Agreement); provided that Holder may elect to
receive a payment of cash via wire transfer of immediately available funds by providing the Company with not less than two (2)
Business Days prior written notice setting out such request and Holder’s wire transfer instructions. Whenever any payment
to be made shall otherwise be due on a day which is not a Business Day, such payment shall be made on the immediately succeeding
Business Day and such extension of time shall be included in the computation of accrued interest.

 

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14.         Excessive
Interest. Notwithstanding any other provision herein to the contrary, this Note is hereby expressly limited so that the interest
rate charged hereunder shall at no time exceed the maximum rate permitted by applicable law. If, for any circumstance whatsoever,
the interest rate charged exceeds the maximum rate permitted by applicable law, the interest rate shall be reduced to the maximum
rate permitted, and if Holder shall have received an amount that would cause the interest rate charged to be in excess of the maximum
rate permitted, such amount that would be excessive interest shall be applied to the reduction of the principal amount owing hereunder
(without charge for prepayment) and not to the payment of interest, or if such excessive interest exceeds the unpaid balance of
principal, such excess shall be refunded to the Company.

 

15.         Waiver
of Notice. To the extent permitted by law, the Company hereby waives demand, notice, protest and all other demands and notices
in connection with the delivery, acceptance, performance, default or enforcement of this Note and the Transaction Documents.

 

    	4

    	 

    

 

IN WITNESS WHEREOF,
the Company has caused this Note to be duly executed by its officers, thereunto duly authorized as of the date first above written.

 

	 	GRANDPARENTS.COM, INC.
	 	 	 	 
	 	By:	 	 
	 	 	Name:	Steve Leber
	 	 	Title:	Co-Chief Executive Officer

 

[Signature Page to Convertible Promissory Note]

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