Document:

EXHIBIT 4.7 

 

THIS INSTRUMENT HAS NOT BEEN REGISTERED
WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED, AND VARIOUS APPLICABLE STATE SECURITIES LAWS. THIS PROMISSORY NOTE MAY
NOT BE SOLD, TRANSFERRED, PLEDGED OR ASSIGNED OR A SECURITY INTEREST CREATED THEREIN, UNLESS THE PURCHASER, TRANSFEREE, ASSIGNEE,
PLEDGEE OR HOLDER OF SUCH SECURITY INTEREST COMPLIES WITH ALL STATE AND FEDERAL SECURITIES LAWS (I.E., SUCH SECURITIES ARE REGISTERED
UNDER SUCH LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE THEREUNDER) AND UNLESS THE SELLER, TRANSFEROR, ASSIGNOR, PLEDGOR
OR GRANTOR OF SUCH SECURITY INTEREST PROVIDES AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT THE TRANSACTION
CONTEMPLATED WOULD NOT BE IN VIOLATION OF THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS.

 

TPT GLOBAL TECH, INC.

 

A Florida Corporation

 

SECURED

PROMISSORY NOTE

 

 

	$1,965,000,000	DATE: November 1, 2017

 

FOR VALUE RECEIVED,
the undersigned, TPT Global Tech, Inc., a Florida corporation (hereinafter "Maker or TPTG"), promises to
pay to the Members of Hollywood Riviera Studio LLC (“HRS”) (“HRS Members or Holder”) at such place
as the Holder may designate in writing, the principal sum of ONE MILLION NINE HUNDRED
SIXTY FIVE Thousand Dollars ($1,965,000), all or any unpaid portion thereof, due and payable in full with interest
calculated at three percent (3%) per annum, in eighteen (18) months from the origination date herein.

 

Incorporated
herein is the AMENDMENT #1 TO THE ACQUISTION AND PURCHASE AGREEMENT DATED AS OF FEBRUARY 8, 2018, BUT EFFECTIVE NOVEMBER 1, 2017
BY AND BETWEEN TPT GLOBAL TECH, INC.AND HOLLYWOOD RIVIERA LLC HRS MOBILE LLC AND THEIR MEMBERS (both the amendment (“Amendment”)
and original agreement known together herein as “the Acquisition Agreement”).

The Promissory Note
shall be secured by a security interest in the Member Interests of HRS as set forth in in the Acquisition Agreement and a security
interest in all of the assets of HRS as set forth in the Acquisition Agreement (together “the Collateral”), and is
and shall remain senior in priority to all other indebtedness of HRS except of record on the date of the Amendment.

    	1 

    	 

    

Without limiting
the foregoing, the Collateral expressly includes:

(a) All accounts,
accounts receivable, contract rights, and general intangibles, including, without limitation, all forms of payment, all present
and future incomes, rents, revenues, issues and profits, goodwill, licenses and license rights, bailment or leasehold interests,
whether as lessor or lessee, all cases in action and recoveries for any loss in value of the real estate of HRS or items of property
described in this Agreement, rights in and to security agreements and other contracts or assignments providing security to HRS,
book debts, credits, indemnities, warranties or guarantees payable to HRS on loss or damage of property, inventions, designs, design
registrations, trademarks, trade styles, trade names, know-how, powers, privileges, logos, franchise rights, payments in kind,
advertising and promotional materials, trade secrets, patent rights, copyrights, patent applications, tax refunds, customer lists,
business and accounting records, including all ledger account cards, computer tapes and disks and other computer information, in
all cases whether now owned or hereafter created or acquired by HRS or in which HRS may now have or may after the date of this
Agreement acquire an interest.

(b) All inventory,
including without limitation, all goods held for sale or lease, finished goods, merchandise, parts and supplies, of every kind
and description, whether now owned or acquired by HRS after the date of this Agreement, or in which HRS may now have or may have
the date of this Agreement acquire an interest, including, without limitation, inventory temporarily out of HRS’s custody
or possession and any returns or repossessions on any sales or accounts;

(c) All goods, including,
without limitation, equipment, machinery, materials, furniture, furnishings, engines, appliances, fixtures, tools, parts, supplies,
and vehicles of every kind and description, whether now owned or acquired by HRS after the date of this Agreement or delivered
to the real property or HRS, or in which HRS may now have or may after the date of this Agreement acquire an interest, and all
additions, accessions, replacements, substitutions, and improvements to such goods and wherever located;

(d) All documents,
documents of title, deposit accounts, negotiable and nonnegotiable instruments, shares, stocks, bonds, debentures, securities,
moneys, sources of money, uncalled capital, letters of credit, investment property, and chattel paper whether now owned or acquired
after the date of this Agreement by HRS; and

(e) All proceeds
and products of any of the personal property described above, in any form, including without limitation, proceeds of any insurance
relating to such collateral or fire and builder’s risk insurance and unrenewed insurance premiums; proceeds consisting of
any of the above types of collateral; all awards made in eminent domain proceedings or purchased in lieu of such eminent domain
proceedings; proceeds of any noncommercial tort cause of action in existence, now or after the date of this Agreement; and all
replacements, substitutions, renewals, returns, additions, accessions, rents, royalties, issues, documents of ownership, and receipts
for any of the foregoing.

The Maker hereby
assigns, pledges, hypothecates, charges, mortgages, delivers and transfers to the Holder, and hereby grants to the Holder, a continuing
security interest in all of the Collateral. This agreement secures the payment of all amounts owing and which may become owing
to the Holder under this Note and the Agreement, whether for principal, interest, costs, fees, expenses or otherwise. This security
interest shall in all respects be a continuing, absolute, unconditional and

    	2 

    	 

    

irrevocable grant of a security interest,
and shall remain in full force and effect until the TPTG Obligations shall have been indefeasibly paid or otherwise satisfied in
full. All rights of the Secured Party and the security interests granted to the Secured Party hereunder, and all obligations of
the Debtor hereunder, shall, in each case, be absolute, unconditional and irrevocable irrespective of: (a) any lack of validity,
legality or enforceability of any of the transaction documents; (b) the failure of the Holder (i) to assert any claim or demand
or to enforce any right or remedy against the Maker or any other person or (ii) to exercise any right or remedy against any other
guarantor or, or collateral securing, any of the TPTG Obligations, or the obligations owing under the other transaction documents;
(c) any change in the time, manner or place of payment of, or in any other term of, all or any part of the TPTG Obligations, or
any other extension, compromise or renewal of the TPTG Obligations or the obligations owing under the other transaction documents;
(d) any reduction, limitation, impairment or termination of any TPTG Obligations for any reason, including any claim of waiver,
release, surrender, alteration or compromise, and shall not be subject to (and the Debtor hereby waives any right to or claim of)
any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality, non-genuineness,
irregularity, compromise, unenforceability of, or any other event or occurrence affecting, any Obligations or otherwise; (e) any
amendment to, rescission, waiver, or other modification of, or any consent to or departure from, any of the terms of the transaction
documents; (f) any addition, exchange or release of any collateral or of any person that is (or will become) a guarantor of the
TPTG Obligations, or any surrender or non-perfection of any collateral, or any amendment to or waiver or release or addition to,
or consent to or departure from, any other guaranty held by the Holder securing any of the TPTG Obligations; or (g) any other circumstance
which might otherwise constitute a defense available to, or a legal or equitable discharge of, the Maker, any surety or any guarantor.

The Maker agrees
that it will not exercise any rights which it may acquire by way of rights of subrogation against HRS or any other obligor. The
Maker shall not seek or be entitled to seek any contribution or reimbursement from HRS or any other obligor in respect of any payment
until following the date that the TPTG Obligations are indefeasibly paid or otherwise satisfied in full. Any amount paid to the
Maker on account of any such subrogation rights prior to the such date shall be held in trust for the benefit of the Holder and
shall immediately be paid and turned over to the Holder in the exact form received by the Maker (duly endorsed in favor of the
Maker, if required), to be credited and applied against the TPTG Obligations, whether matured or unmatured.

All certificates
or instruments representing or evidencing any Collateral shall bear a legend or other notice of the security interest and associated
restrictions on transfer or, if any securities pledged pursuant to this agreement are uncertificated securities, confirmation and
evidence satisfactory to the Holder that the Maker has taken all actions reasonably requested by the Holder to provide for the
transfer to and perfection by the Holder of the security interests in such uncertificated securities in accordance with the California
Commercial Code.

This Promissory
Note shall be paid as follows: (i) an initial $100,000 paid to HRS for working capital and to pay down current HRS debt out of
anticipated proceeds of the planned Maker private placement which is intended to close within three (3) months of signing of the
Amendment and TPTG will make best efforts in that regard; and (ii) the remaining balance ($1,865,000 assuming the payment from
the private placement) plus accrued interest to be paid in full no later than the earlier of the closing of a public offering of
TPTG stock (different from the referenced private

    	3 

    	 

    

placement in the Acquisition Agreement)
or eighteen (18) months after the date of this Promissory Note.

Until all TPTG obligations under this Promissory Note are
paid in full, satisfied and fulfilled, TPTG hereby covenants and agrees that it shall not, without approval of a majority in interest
of the HRS Members:

 

		(i)	remove the Manager or elect a new Manager if the current Manager dies, becomes incapacitated,
resigns or otherwise is terminated;

 

		(ii)	issue any new Membership Interests or Units, or agree to do so;

 

		(iii)	amend or in any other way alter the current Operating Agreement;

 

		(iv)	make any allocation or distribution of profits or other monies other than to pay down current
HRS debt;

 

		(v)	dissolve or otherwise terminate the HRS business or HRS;

 

		(vi)	transfer any of the Membership Interests being purchased, or agree to do so;

 

		(vii)	establish a subsidiary; 

 

		(viii)	make any loan or advance to any other entity other than trade receivables incurred in the ordinary
course of business;

 

		(ix)	make any loan or advance to any person, including, without limitation, any employee or director
of HRS or TPTG or any subsidiary, except advances and similar expenditures in the ordinary course of business or under the terms
of an employee option plan approved by the HRS Sellers and the Manager of HRS;

 

		(x)	guarantee, directly or indirectly, any indebtedness except for trade accounts of HRS arising
in the ordinary course of business; 

 

		(xi)	make any investment through the direct or indirect holding of securities in another entity; 

 

		(xii)	incur any aggregate indebtedness in excess of Ten Thousand Dollars ($10,000.00) that is not already
included in an budget approved by the HRS Sellers and the HRS Manager other than trade credit incurred in the ordinary course of
business; 

 

		(xiii)	otherwise enter into or be a party to any transaction with any director, officer or employee
of TPTG or any “associate” (as defined in Rule 12b-2 promulgated under the Exchange Act);

 

    	4 

    	 

    

		(xiv)	hire, terminate, or change the compensation of the Manager or other executive officers, including
approving any option plans;

 

		(xv)	change the principal business of HRS, enter new lines of business, or exit the current line of
business; or

 

		(xvi)	sell, transfer, license, pledge or encumber material assets, technology or intellectual property,
other than licenses granted in the ordinary course of business.

 

Promptly upon the execution
of this Note, Maker and HRS shall properly execute and deliver to Holder UCC-1 Financing Statements to enable Holder to perfect
Holder’s security interest in the Collateral. Holder and HRS agree also to execute, file, and record such other statements,
notices, and agreements, take such action and obtain such certificates and documents, in accordance with all applicable laws, statutes,
and regulations as may be necessary or advisable to perfect, evidence, and continue Holder’s security interest in the Collateral.

 

In event any of the material
representations, warranties or covenants made by TPTG Acquisition Agreement, or in any certificate or financial or other written
statements heretofore or hereafter furnished by TPTG in connection with the execution and delivery of Acquisition Agreement or
this Note shall be false or misleading in any material respect at the time made, or if Maker shall (i) default in the performance
of any of the obligations, covenants or agreements legally imposed by the terms of this Promissory Note or the Acquisition Agreement,
or (ii) apply for or consent in writing to the appointment of a receiver, trustee, or liquidator of Maker or (iii) file a voluntary
petition in bankruptcy, or admit in writing Maker's inability to pay Maker's debts as they come due, or (iv) make general assignments
for the benefit of creditors, or (v) file a petition or answer seeking reorganization or rearrangement with creditors or taking
advantage of any insolvency law, or (vi) file an answer admitting the material allegations of a petition filed against Maker in
any bankruptcy, reorganization, insolvency or similar proceedings, at the option of the Holder, the whole indebtedness evidenced
hereby may be declared due and payable whereupon the entire unpaid principal balance of this Promissory Note shall thereupon at
once mature and become due and payable without presentment or demand for payment or notice of the intent to exercise such option
or notice of the exercise of such option by the Holder, or notice of any kind, all of which are hereby expressly waived by Maker
and may be collected by suit or other legal proceedings. Holder also: (a) shall have and may exercise all rights and remedies accorded
to Holder by the California Uniform Commercial Code; (b) may require Maker to take any and all action necessary to make the Collateral
available to Holder; (c) at its option and without notice to Maker, transfer and register the Collateral or any part of it in Holder’s
name or the name of its nominees; collect and enforce payment with respect to the Collateral, exercise all rights, options, and
privileges with respect to the Collateral, and deliver it in that connection to any appropriate person or agency, and vote the
Member Interests as Maker’s proxy, that proxy to be irrevocable (but, until such default, Maker’s right to vote the
Membership Interests will not be impaired by this Note); and (d) may conduct a “commercially reasonable” private sale
or other disposition of the Collateral although a higher price might have been obtained for it at a public sale under the Securities
Act of 1933, as amended, or in compliance with any other applicable laws or regulations provided notice of the time and place of
such sale of the Collateral is sent to Maker at least ten (10) days before the sale. All of Holder’s rights and remedies,
whether evidenced by this Note or by any other writing, shall be cumulative

    	5 

    	 

    

and may be exercised singularly or concurrently.
Election by Holder to pursue any remedy shall not exclude pursuit of any other remedy.

 

If all or any part of the
amount of this Promissory Note be declared due in accordance with the other provisions hereof, or if any installment herein provided
is not paid when due, the principal balance as the case may be, shall bear interest at the lesser of (i) Twelve Percent (12%) per
annum, or (ii) the Maximum Rate allowed under applicable law until paid in full or until the Promissory Note is reinstated. Notice
of Default shall be given, in writing, to Maker, after five days after occurrence of default. Maker shall have 10 days after written
Notice of Default, within which to cure the default plus interest at default rate, legal fees and costs incurred.

 

Except as otherwise provided
herein, the undersigned and all sureties, guarantors and endorsers of this Promissory Note severally waive all notices, demands,
presentments for payment, notices of non-payment, notice of intention to accelerate the maturity, notices of acceleration, notices
of dishonor, protest and notice of protest, diligence in collecting or bringing suit as to this Promissory Note and as to each,
every and all installments hereof and all obligations hereunder and against any party hereto and to the application of any payment
on this obligation, or as an offset hereto, and agree to all extensions, renewals, partial payments, substitutions or evidence
of indebtedness and the taking, release or substitution of all or any part of the security or the release of any party liable hereon
with or without notice before or after maturity.

 

Maker irrevocably appoints
Holder as Debtor’s attorney in fact to do any act that Maker is obligated to do pursuant to this Agreement to preserve or
protect the Collateral and to preserve, protect, or establish Holder’s lien on the Collateral. Maker further irrevocably
appoints Holder to exercise such rights and powers as Maker might exercise with respect to the Collateral following an Event of
Default, as defined below. These powers shall include without limitation the right to: (a) collect by legal proceedings or otherwise,
and endorse, receive, and receipt all dividends, interest, payments, proceeds, and other sums and property now or after the date
of this Agreement payable on account of the Collateral, (b) transfer the Collateral to Holder’s own or Holder’s nominee’s
name, and (c) make any compromise or settlement and take any action Holder deems advisable with respect to the Collateral. Maker
agrees to reimburse Holder on demand for any costs and expenses, including without limitation attorney fees, which Holder may incur
while acting as Maker’s attorney in fact under this Agreement, all of which costs and expenses are included in the TPTG Obligations
secured by this Agreement. Holder shall have no obligation to act pursuant to this paragraph and shall not be required to make
any presentation, demand, or protest, or give any notice or take any action to preserve any rights against any other person in
connection with the Collateral.

 

It is the intention of
the parties hereto to comply with the usury laws applicable to this loan if any, accordingly it is agreed that notwithstanding
any provision to the contrary in this Promissory Note or in any of the documents securing payment hereof no such provision shall
require the payment or permit the collection of interest in excess of the maximum permitted by law. If any excess of interest is
provided for, contracted for, charged for or received, then the provisions of this paragraph shall govern and control and neither
the Maker hereof nor any other party liable for the payment hereof shall be obligated to pay the amount of such excess interest.
Any such excess interest which may have been collected shall be, at the Holder's option, either applied as a credit against the
then unpaid principal amount hereof or refunded to Maker. The effective rate of interest shall be

    	6 

    	 

    

automatically subject to reduction to the maximum
lawful contract rate allowed under the usury laws as now or hereafter construed. It is further agreed that without limitation of
the foregoing, all calculations of the rate of interest contracted for, charged for, or received under this Promissory Note which
are made for the purposes of determining whether such rate exceeds the maximum lawful rate, shall be made, to the extent permitted
by law, by amortizing, prorating, allocating and spreading in equal parts during the full stated term of this Promissory Note,
all interest contracted for, charged for or received from the Maker or otherwise by the Note Holder.

 

In the event this Promissory
Note is placed in the hands of an attorney for collection (whether or not suit is filed), or in the event it is collected by suit
or through bankruptcy, probate, receivership or other legal proceedings (including foreclosure), the undersigned hereby agrees
to pay to the Holder as attorney's fees a reasonable amount in addition to the principal and interest then due hereon, and all
other costs of collection.

 

If any provision of this
Note is held by a court of competent jurisdiction to be invalid or unenforceable, the remainder of the Note that can be given effect
without the invalid provision shall continue in full force and effect and shall in no way be impaired or invalidated.

 

The rights and obligations
of the parties and the interpretation and performance of this Note shall be governed by the law of California, excluding its conflict
of laws rules.

 

No provision of this Note
shall be construed to alter or impair the obligation of TPTG, which is absolute and unconditional, to pay the principal of, and
interest on, this Note at the time, place, and rate, and in the manner herein prescribed. This Note is a direct obligation of TPTG.

 

IN WITNESS WHEREOF, Maker has fully executed
this Promissory Note as of the date first above written.

 

TPT GLOBAL TECH, INC.,

(A Florida Corporation)

 

 

 

By: ____________________________________

Chief
Executive Officer

 

    	7EXHIBIT 4.8 

 

THIS INSTRUMENT HAS NOT BEEN REGISTERED
WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED, AND VARIOUS APPLICABLE STATE SECURITIES LAWS. THIS PROMISSORY NOTE MAY
NOT BE SOLD, TRANSFERRED, PLEDGED OR ASSIGNED OR A SECURITY INTEREST CREATED THEREIN, UNLESS THE SELLER, TRANSFEREE, ASSIGNEE,
PLEDGEE OR HOLDER OF SUCH SECURITY INTEREST COMPLIES WITH ALL STATE AND FEDERAL SECURITIES LAWS (I.E., SUCH SECURITIES ARE REGISTERED
UNDER SUCH LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE THEREUNDER) AND UNLESS THE SELLER, TRANSFEROR, ASSIGNOR, PLEDGOR
OR GRANTOR OF SUCH SECURITY INTEREST PROVIDES AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT THE TRANSACTION
CONTEMPLATED WOULD NOT BE IN VIOLATION OF THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS.

 

 

 

TPT GLOBAL TECH, INC.

 

A Florida Corporation

 

SECURED

PROMISSORY NOTE

 

 

 

	$1,600,000	DATE: November 3, 2017

 

FOR VALUE RECEIVED,
the undersigned, TPT Global Tech, Inc., a Florida corporation (hereinafter "Maker or TPTG"), promises to
pay to Blue Collar Productions, Inc. (“Seller” or “Holder”)) at such place as the Holder may designate
in writing, the principal sum of ONE MILLION SIX HUNDRED Thousand Dollars
($1,600,000), all or any unpaid portion thereof, due and payable in full with interest calculated at three percent (3%) per
annum, within twelve (12) months from the origination date herein.

 

		a)	Incorporated herein is the AMENDMENT #1 TO THE ACQUISTION AND PURCHASE AGREEMENT DATED AS OF
FEBRUARY 9, 2018, BUT EFFECTIVE NOVEMBER 3, 2017 BY AND BETWEEN TPT GLOBAL TECH, INC. AND BLUE COLLAR PRODUCTIONS, INC. AND ITS
SHAREHOLDERS (both the amendment (“Amendment”) and original agreement known together herein as “the Acquisition
Agreement”). The Promissory Note shall be secured by a security interest TPTG shall grant to Seller in the Seller Interest
and Blue Collar assets to secure TPTG’s obligations under the Promissory Note and the Agreement (the “TPTG Obligations.
TPTG agrees that

    	1 

    	 

    

following Closing, Blue Collar
shall remain and be operated as a separate, wholly-owned subsidiary of TPTG, with separate revenue, profit and loss responsibilities
and allocations and shall be fully owned by TPTG but managed by Seller in accord with the terms of the Agreement.  Further,
TPTG shall not transfer or encumber its legal or beneficial interest in Blue Collar (or agree to do so) and shall retain all of
the Blue Collar assets (except for sales, transfers and other dispositions made in the ordinary course of business with the approval
of Seller) until such time as the TPTG Obligations have been paid in full, fully satisfied, and otherwise fulfilled by TPTG,
unless otherwise agreed in writing by the Seller. Further, TPTG shall not make any allocations or profit distributions other than
in the ordinary course which shall, if made, be applied against the amount due under the Note. Without limiting the foregoing,
in order to protect the Seller, TPTG shall also agree to the covenants set forth in Exhibit C of the Acquisition Agreement.

Until all TPTG obligations under this Promissory Note are
paid in full, satisfied and fulfilled, TPTG hereby covenants and agrees that it shall not, without approval of the Seller:

 

		(i)	issue any new Interest in Blue Collar, or agree to do so;

 

 

		(ii)	make any allocation or distribution of profits or other monies other than to pay down the Promissory
Note;

 

		(iii)	dissolve or otherwise terminate the Blue Collar business;

 

		(iv)	transfer any of the Interest being purchased, or agree to do so;

 

		(v)	establish a subsidiary; 

 

		(vi)	make any loan or advance to any other entity other than trade receivables incurred in the ordinary
course of business;

 

		(vii)	make any loan or advance to any person, including, without limitation, any employee or director
of Blue Collar or TPTG or any subsidiary, except advances and similar expenditures in the ordinary course of business or under
the terms of an employee option plan approved by the Seller;

 

		(viii)	guarantee, directly or indirectly, any indebtedness except for trade accounts of Blue Collar
arising in the ordinary course of business; 

 

		(ix)	make any investment through the direct or indirect holding of securities in another entity; 

 

		(x)	incur any aggregate indebtedness in excess of Ten Thousand Dollars ($10,000.00) that is not already
included in a budget approved by the Seller other than trade credit incurred in the ordinary course of business; 

    	2 

    	 

    

 

		(xi)	otherwise enter into or be a party to any transaction with any director, officer or employee
of TPTG or any “associate” (as defined in Rule 12b-2 promulgated under the Exchange Act);

 

 

		(xii)	change the principal business of Blue Collar, enter new lines of business, or exit the current
line of business; or

 

		(xiii)	sell, transfer, license, pledge or encumber material assets, technology or intellectual property,
other than licenses granted in the ordinary course of business.

 

In event Maker shall (i)
default in the performance of any of the obligations, covenants or agreements legally imposed by the terms of this Promissory Note,
or (ii) apply for or consent in writing to the appointment of a receiver, trustee, or liquidator of Maker or (iii) file a voluntary
petition in bankruptcy, or admit in writing Maker's inability to pay Maker's debts as they come due, or (iv) make general assignments
for the benefit of creditors, or (v) file a petition or answer seeking reorganization or rearrangement with creditors or taking
advantage of any insolvency law, or (vi) file an answer admitting the material allegations of a petition filed against Maker in
any bankruptcy, reorganization, insolvency or similar proceedings, at the option of the Holder, the whole indebtedness evidenced
hereby may be declared due and payable whereupon the entire unpaid principal balance of this Promissory Note shall thereupon at
once mature and become due and payable without presentment or demand for payment or notice of the intent to exercise such option
or notice of the exercise of such option by the Holder, or notice of any kind, all of which are hereby expressly waived by Maker
and may be collected by suit or other legal proceedings.

 

If all or any part of the
amount of this Promissory Note be declared due in accordance with the other provisions hereof, or if any installment herein provided
is not paid when due, the principal balance as the case may be, shall bear interest at the lesser of (i) Twelve Percent (12%) per
annum, or (ii) the Maximum Rate allowed under applicable law until paid in full or until the Promissory Note is reinstated. Notice
of Default shall be given, in writing, to Maker, after five days after occurrence of default. Maker shall have 10 days after written
Notice of Default, within which to cure the default plus interest at default rate, legal fees and costs incurred.

 

Except as otherwise provided
herein, the undersigned and all sureties, guarantors and endorsers of this Promissory Note severally waive all notices, demands,
presentments for payment, notices of non-payment, notice of intention to accelerate the maturity, notices of acceleration, notices
of dishonor, protest and notice of protest, diligence in collecting or bringing suit as to this Promissory Note and as to each,
every and all installments hereof and all obligations hereunder and against any party hereto and to the application of any payment
on this obligation, or as an offset hereto, and agree to all extensions, renewals, partial payments, substitutions or evidence
of indebtedness and the taking, release or substitution of all or any part of the security or the release of any party liable hereon
with or without notice before or after maturity.

 

It is the intention of
the parties hereto to comply with the usury laws applicable to this loan if any, accordingly it is agreed that notwithstanding
any provision to the contrary in this Promissory

    	3 

    	 

    

Note or in any of the documents securing payment
hereof no such provision shall require the payment or permit the collection of interest in excess of the maximum permitted by law.
If any excess of interest is provided for, contracted for, charged for or received, then the provisions of this paragraph shall
govern and control and neither the Maker hereof nor any other party liable for the payment hereof shall be obligated to pay the
amount of such excess interest. Any such excess interest which may have been collected shall be, at the Holder's option, either
applied as a credit against the then unpaid principal amount hereof or refunded to Maker. The effective rate of interest shall
be automatically subject to reduction to the maximum lawful contract rate allowed under the usury laws as now or hereafter construed.
It is further agreed that without limitation of the foregoing, all calculations of the rate of interest contracted for, charged
for, or received under this Promissory Note which are made for the purposes of determining whether such rate exceeds the maximum
lawful rate, shall be made, to the extent permitted by law, by amortizing, prorating, allocating and spreading in equal parts during
the full stated term of this Promissory Note, all interest contracted for, charged for or received from the Maker or otherwise
by the Note Holder.

 

In the event this Promissory
Note is placed in the hands of an attorney for collection (whether or not suit is filed), or in the event it is collected by suit
or through bankruptcy, probate, receivership or other legal proceedings (including foreclosure), the undersigned hereby agrees
to pay to the Holder as attorney's fees a reasonable amount in addition to the principal and interest then due hereon, and all
other costs of collection.

 

 

IN WITNESS WHEREOF, Maker has fully executed
this Promissory Note as of the date first above written.

 

TPT GLOBAL TECH, INC.,

(A Florida Corporation)

 

 

 

By: ____________________________________

Chief Executive Officer

 

    	4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00279-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00279-of-00352.parquet"}]]