Document:

Exhibit 10.17

 

 

REAL
ESTATE LIEN NOTE

 

 

		Date:	October
15, 2010

 

		Maker:	M G Cleaners, LLC and Stephen Lawrence Christian

 

Maker's Mailing
Address:

760
CR 1802, Yantis, Wood County, Texas 75497

 

		Payee:	Cynthia Kay Griffith

 

Place
for Payment: P. 0. Box 193, Gary, Panola County, Texas 75643

 

Principal
Amount: $ 450,000.00

[being
referred to as $101,500.00 and$348,500.00 in the Membership Purchase Agreement]

 

Annual
Interest Rate on Unpaid Principal from Date: Eight Percent (8%) 

 

Annual Interest Rate
on Matured, Unpaid Amounts: Ten Percent (10%) 

 

Terms of Payment (principal and interest):

 

The
principal payment of Fifty Thousand Dollars ($50,000.00) plus the accrued interest is payable annually commencing on October 1,
2011 and with a like payment annually on October 1 each year thereafter of $50,000.00 plus the accrued interest until all principal
and interest is fully paid; provided Maker has option to pay the $50,000.00 down payment at any time during October, 2010 with
accrued interest.

 

Security
for Payment:

 

		1.	All that certain lot or
parcel of land located on the North side of Hayden Street in the City of Carthage, Panola County, Texas, a part of the George
Goodwin Survey, Abstract No. 224, and

 

BEGINNING
in the North boundary line of Hayden Street N. 82° 25' 58" E. 505.83
feet from intersection of East boundary line of Texas Farm Road 10 and North boundary line of Hayden Street; THENCE N. 14°
00' 44" W. 127.12 feet to corner;

THENCE
S. 82° 04' 19" W. 167.48 feet to Northeast comer of Varnell lot;

THENCE
S. 3° 56' 17" E. 125.52 feet with East boundary line of Varnell lot to Southeast corner of Varnell lot in North boundary
line of Hayden Street;

THENCE
N. 82° 25' 58" E. 189.69 feet with North boundary
line of Hayden Street to Point of Beginning; and being the same land described in Deed dated June 19, 1975, from P.L. Campbell
to Charles Willie Allen, et ux, recorded in Volume 584, Page 682, Deed Records, Panola County, Texas and being further described
in that certain Deed from Charles Willie Allen, et ux to H.P. Long, recorded in Volume 663, Page 143, Deed Records, Panola County,
Texas.

 

		2.	All of the membership interest
in MG Cleaners, LLC, a Texas Limited Liability Company, pursuant to Certification of Organization Filing No. 800519965 filed 07/18/2005
with the Secretary of State of Texas. The Member is Stephen Lawrence Christian, who hold Membership Certificate conditional
on timely payment of the principal and interest on this note. This note
and vendor's lien on the real estate is further secured by a Deed of Trust of even date.

 

 

     

     

    

 

Maker
promises to pay to the order of Payee at the place for payment and according to the terms of payment the principal amount plus
interest at the rates stated above. All unpaid amounts shall be due by the final scheduled payment date. If payment is not made
within five days of due date, a two percent penalty will become due and payable.

 

If
Maker defaults in the payment of this note or in the performance of any obligation in any instrument securing or collateral to
it, and the default continues after Payee gives Maker notice of the default and the time within which it must be cured, as may
be required by law or by written agreement, then Payee may declare the unpaid principal balance and earned interest on this note
immediately due. Maker and each surety, endorser, and guarantor waive all demands for payment, presentations for payment, notices
of intention to accelerate maturity, notices of acceleration of maturity, protests, and notices of protest, to the extent permitted
by law.

 

If
this note or any instrument securing or collateral to it is given to an attorney for collection or enforcement, or if suit is brought
for collection or enforcement, or if it is collected or enforced through probate, bankruptcy, or other judicial proceeding, then
Maker shall pay Payee all costs of collection and enforcement, including reasonable attorney's fees and court costs, in addition
to other amounts due. Reasonable attorney's fees shall be 30% of all amounts due unless either party pleads otherwise.

 

Interest
on the debt evidenced by this note shall not exceed the maximum amount of nonusurious interest that may be contracted for, taken,
reserved, charged, or received under law; any interest in excess of that maximum amount shall be credited on the principal of the
debt or, if that has been paid, refunded. On any acceleration or required or permitted prepayment, any such excess shall be canceled
automatically as of the acceleration or prepayment or, if already paid, credited on the principal of the debt or, if the principal
of the debt has been paid, refunded. This provision overrides other provisions in this and all other instruments concerning the
debt.

 

When the
context requires, singular nouns and pronouns include the plural.

Each Maker
is responsible for all obligations represented by this note

 

Signed on the 15th day of October,
2010.

 

 

 

	 	/s/ Stephen Christian
	 	Stephen Lawrence Christian, Individually
	 	And Member of MG Cleaners, LLC

 

 

 

    	 	Page 2Exhibit 10.18

 

MG CLEANERS,
LLC

 

September 19, 2017

 

Cynthia Kay Griffith

PO Box 193

Gary, Texas 75643

 

		Re:	Amendment to Real Estate Lien Note dated October 15, 2010 

 

Dear Mrs. Griffith:

 

As you are aware, MG Cleaners, LLC and Stephen Lawrence Christian
issued a Real Estate Lien Note to you on October 15, 2010 in the initial principal amount of $450,000 (the “Note”).
Pursuant to our discussions, this letter agreement shall serve to amend and replace Section 2 of the Note as set forth below. Other
than the amendment to Section 2 set forth herein, all other sections of the Note shall remain in full force and effect.

 

Section 2 shall be amended in its entirety to read as follows:

 

“2. This note and vendor’s lien on the real estate is
further secured by a Deed of Trust of even date.”

 

If you agree with the amendment to Section 2 of the Note set forth
herein, please countersign below and return to us.

 

	 	Sincerely,
	 	 
	 	MG CLEANERS, LLC
	 	 
	 	By: 	 /s/ Stephen Christian
	 	Name:  Stephen Lawrence Christian
	 	Title:    President

 

	 	STEPHEN LAWRENCE CHRISTIAN
	 	 
	 	/s/ Stephen Christian
	 	Stephen Lawrence Christian, Individually

 

	AGREED TO AND ACCEPTED:	 
	 	 
	CYNTHIA KAY GRIFFITH	 
	 	 
	/s/ Cynthia Griffith	 
	Cynthia Kay Griffith	 

 

    1Exhibit 10.19

 

CORPORATE GUARANTEE

 

THIS GUARANTEE dated as of the 19th day of September, 2017.

 

	From:	SMG Indium Resources, Ltd., a Delaware
    corporation_______________________________________________ (The "Guarantor")

 

	To:  	Cynthia Kay Griffith, an Individual___(“Lender”)________________________________________________

 

	Re:	MG Cleaners, LLC, a Texas limited liability company and Stephen Lawrence Christian, an Individual (individually a “Debtor” and collectively the “Debtors”)_____________________________________________

 

IN CONSIDERATION OF the Lender agreeing to enter into an
amendment to the Real Estate Lien Note entered into by and between the Lender and the Debtors on October 15, 2010 (the “Note”)
dated even date herewith (the “Amendment”), and other valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the Guarantor, guarantees the prompt, full and complete performance of any and all present and future duties,
obligations and indebtedness (the "Debt") due to the Lender by the Debtor, under the terms of the Note and under the
following terms and conditions:

 

		1.	The Guarantor guarantees that the Debtors will promptly pay the full amount of principal and interest of the Note as and when
the same will in any manner be or become due, either according to the terms and conditions provided by the Note or upon acceleration
of the payment under the Note by reason of a default.

 

		2.	To the extent permitted by law, the Guarantor waives all defenses, counterclaims or offsets that are legally available to the
Guarantor with respect to the payment of the Debt of the Debtors.

 

		3.	The Lender is hereby authorized at any time, in its sole discretion and without notice, to take, change, release or in any
way deal with any security securing the Debt without in any way impairing the obligation of the Guarantor.

 

		4.	The Lender will be under no obligation to collect or to protect any such security or the Debt, and its neglect or failure to
collect or protect the security or the Debt is excused. Acceptance of the Guarantee is waived.

 

		5.	The Lender may grant extensions of time or other indulgences and otherwise deal with the Debtors and with other parties and
securities as the Lender may see fit without in any way limiting or lessening the liability of the Guarantor under this Agreement.

 

		6.	Any impairment of the security, which the Lender may from time to time hold as security for the Debt, will in no way operate
to discharge the Guarantor in whole or in part, it being specifically agreed that the Lender is not required to exercise diligence
to enforce its rights against the Debtor.

 

		7.	The Lender may release, surrender, exchange, modify, impair or extend the periods of duration or the time for performance or
payment of any collateral securing the obligations of the Debtors to the Lender, and may also settle or compromise any claim of
the Lender against the Debtors or against any other person or corporation whose obligation is held by the Lender as collateral
security for any obligation of the Debtors or the Lender.

 

		8.	This Guarantee is for the use and benefit of the Lender, and will also be for the use and benefit of any subsequent Lender
to whom the Lender may assign this Guarantee.

 

    1 

     

    

  

		9.	The liability of the Guarantor will continue until payment is made of every obligation of the Debtors now or later incurred
in connection with the Note.

 

		10.	The Guarantor further waives all rights, by statute or otherwise, to require the Lender to institute suit against the Debtors,
and to exercise diligence in enforcing this Guarantee or any other instrument.

 

		11.	The Guarantor represents that at the time of the execution and delivery of this Guarantee nothing exists to impair the effectiveness
of this Guarantee.

 

		12.	All of the Lender's rights, powers and remedies available under this Guarantee and under any other agreement in force now or
anytime later between the Lender and the Guarantor will be cumulative and not alternative, and will be in addition to all rights,
powers and remedies given to the Lender by law or in equity.

 

		13.	The Lender may, at its option, proceed in the first instance against the Guarantor to collect the obligations covered by this
Guarantee without first proceeding against any other person, firm or corporation and without resorting to any property held by
the Lender as collateral security.

 

		14.	All pronouns will include masculine, feminine and/or neuter gender, single or plural number, as the context of this Guarantee
may require.

 

		15.	This Guarantee is made pursuant to the laws of the State of Texas. In the event that this Guarantee must be enforced by the
Lender, all reasonable costs and expenses, including attorney's fees, incurred by the Lender will be paid by the Guarantor.

 

		16.	The invalidity or unenforceability of any one or more phrases, sentences, clauses or sections in this Guarantee will not affect
the validity or enforceability of the remaining portions of this Guarantee or any part of this Guarantee.

 

		17.	No alteration or waiver of this Guarantee or of any of its terms, provisions or conditions will be binding upon the Lender
unless made in writing over the signature of the Lender or its representative.

 

		18.	Words of "Guarantee" contained in this Guarantee in no way diminish or impair the absolute liability created in this
Guarantee.

 

		19.	Any notice to be given to the Guarantor may be sent by mail, telephone, fax, email or otherwise delivered to the address provided
below.

 

	___SMG Indium Resources, Ltd._____________________________________ 
	___410 N. Post Oak Road, Suite 400_____________________________________ 
	      Houston, Texas 77024
	Phone:  713.821.3153
	Fax: ____________________________________

 

IN WITNESS WHEREOF the Guarantor has duly affixed its signature
under hand and seal on this 19th day of September, 2017.

 

	 	SMG INDIUM RESOURCES, LTD.
	 	 
	 	By: 	/s/ Matthew C. Flemming
	 	Name:  Matthew C. Flemming
	 	Title:  Chief Executive Officer

 

    2

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