Document:

Exhibit 10.4

 

SECURED PROMISSORY NOTE AMENDMENT AND EXTENSION
AGREEMENT

 

This Secured Promissory Note Amendment and Extension
Agreement (the “Agreement”) is entered into by JDone LLC, a Colorado limited liability company (the “Borrower”)
and Thomas S. Yang (the “Holder”), as of July 18, 2022 and effective as of June 15, 2022.

 

Reference is made to that certain original Secured
Promissory Note between the Borrower and the Holder, dated as of September 15, 2014 and amended on October 1, 2019, and most recently
April 15, 2022, together with all amendments thereto (the “Note”), together with all associated notes, pledge agreements,
guaranties, deeds of trust, security agreements, affidavits and other instruments and documents executed and delivered by the Borrower,
the Holder and any Guarantors (the “Loan Documents”). Each of the Loan Documents shall be deemed to be amended in connection
with the terms of this Agreement and the terms of this Agreement and the Note, as amended and extended hereby, shall be the controlling
document with respect to the Note and the Loan Documents.

 

All capitalized terms used herein, but not otherwise
defined, shall have the meaning ascribed to such terms in the Note and the Loan Documents.

 

At the execution of this Agreement, the Borrower
shall undertake the following, and the Note shall be amended as follows:

 

		(i)	The Holder and Borrower agree that the outstanding principal balance under the Note is currently $473,190.48 after application of
the June 2022 payment;

 

		(ii)	the Borrower shall pay a principal payment in the amount of $25,000 plus accrued interest on July 18, 2022;

 

		(iii)	the Borrower shall pay a principal payment in the amount of $25,000 plus accrued interest on August 31, 2022;

 

		(iv)	the Note shall be amended to change the Maturity Date to September 30, 2022;

 

		(v)	after the July and August 2022 principal and interest payments, the outstanding principal balance under the note as of September 30,
2022 will be $423,190.49; and

 

		(vi)	Borrower may pay off the loan at any time prior to the Maturity Date without penalty.

 

		(vii)	Any time prior to August 1, 2022, if Borrower raises new equity capital in the amount of five million
dollars ($5,000,000.00) or greater, then within ten (10) business days of closing, repayment of all outstanding principal and interest
on this Secured Promissory Note will be due to Holder.

 

All other terms contained in the Note and the Loan
Documents shall remain unchanged and in full force and effect.

 

     

     

    

 

IN WITNESS WHEREOF, the Borrower and the Holder
have executed this Agreement as of the date first written above and effective as the date stated above.

 

	BORROWER:	 
	 	 
	JDone LLC	 
	 	 
	By:	Generation Hemp, Inc.	 
	 	 
	By: 	/s/ Gary C. Evans	
	Gary C. Evans	 
	 	 
	Chairman and Chief Executive Officer	 
	 	 
	ACKNOWLEDGED AND AGREED:	 
	 	 
	HOLDER:	 
	 	 
	By:	/s/ Thomas S. Yang	 
	Thomas S. YangExhibit 10.5

 

AMENDED AND RESTATED SUBORDINATED
PROMISSORY NOTE

 

Dated July 1, 2022

 

Principal Amount $523,550.92

 

FOR VALUE, Generation Hemp, Inc., a Delaware
corporation (“Borrower”), whose mailing address is P.O. Box 540308, Dallas, Texas 75354, promises and agrees to pay to the
order of Gary C. Evans, a Texas resident (“Lender”), whose address is 8533 Midway Road, Dallas, Texas 75209, or at such other
location as the holder of this Amended and Restated Subordinated Promissory Note (the “Note”), originally issued on November
20, 2020 (the “Original Note”), may designate by written notice to Borrower, the sum of five hundred twenty-three thousand
five hundred fifty dollars and ninety-two cents ($523,550.92) in the lawful currency of the United States with interest at a rate of 10
% per annum, but in no event higher than the Highest Lawful Rate (as hereinafter defined). This Note amends and restates the Original
Note and all amendments, allonges and modifications thereto, in its collective entirety.

 

“Highest Lawful Rate” means
the maximum nonusurious rate of interest permitted by applicable federal or Texas law from time to time.

 

Interest on this Note shall be computed for the
actual number of days elapsed and on the basis of a year consisting of 360 days, and a month consisting of 30 days, unless the Highest
Lawful Rate would thereby be exceeded, in which event, to the extent necessary to avoid exceeding the Highest Lawful Rate, interest shall
be computed on the basis of the actual number of days elapsed in the applicable calendar year in which accrued. It is understood that
interest will begin to accrue on the date of each principal amount advanced as outlined on Exhibit “A.” If an Event of Default
(as defined below) shall occur under this Note, interest shall immediately commence accruing at a default rate of fourteen percent (14%)
per annum.

 

The principal amount of this Note and all accrued,
unpaid interest thereon is due and payable in full on the 30th day of September, 2022 (the “Payment Date”). This Note
may be prepaid in whole or in part at any time prior to the payment date stated in the preceding sentence without penalty as to principal,
and any partial payments shall be applied to the principal due on this Note in inverse order of maturity with interest being adjusted
accordingly.

 

Any time prior to September 30, 2022, if Borrower
raises new equity capital in the amount of three million dollars ($3,000,000.00) or greater, then within five (5) business days of closing,
repayment of all outstanding principal and interest on this Subordinated Promissory Note will be due.

 

If one of the following events occurs, Maker shall
be in default (“Default”) and this Note shall, at Lender’s option, become immediately due and payable without
demand or notice:

 

(i) the
failure of Borrower to pay the principal and any accrued interest in full on or before the Payment Date;

 

(ii) the
filing of bankruptcy proceedings involving the Borrower as a debtor;

 

(iii) the
making of a general assignment for the benefit of the Borrower’s creditors; or the uncured breach by Borrower under any of the security
documents executed in conformity with this Note, which remains uncured following any applicable cure period.

 

If any payment date falls on a Saturday, Sunday,
or a federal holiday, then payment will be due on the next business day and such extension of time shall in such case be included in the
computation or payment of interest hereunder. All past due principal and interest on this Note shall bear interest at the Highest Lawful
Rate.

 

To the extent that waiver of notice is permitted
by applicable law, the Borrower and any and all co-makers, endorsers, guarantors, and sureties jointly and severally waive notice (including,
but not limited to, notice of intent to accelerate and notice of acceleration), demand, presentment for payment, protest and the filing
of suit for the purpose of fixing liability and consent that the time of payment hereof may be extended and re-extended from time to time
without notice to them or any of them, and each agree that his, her, or its liability on or with respect to this Note shall not be affected
by any release of or change in any security at any time existing or by any failure to perfect or to maintain perfection of any lien on
or security interest in any such security.

 

This Note has been executed and delivered in Dallas,
Dallas County, Texas, and shall be governed by and construed in accordance with the laws of the State of Texas and the United States of
America from time to time in effect without regard to the choice of law provisions thereof, and shall be enforceable in Dallas County,
Texas.

 

Regardless of any provision contained in this Note,
the Payee shall never be deemed to have contracted for or be entitled to receive, collect or apply as interest on the Note, any amount
in excess of the maximum rate of interest permitted to be charged by applicable law and, in the event Payee ever receives, collects or
applies as interest any such excess, such amount which would be excessive interest shall be applied to the reduction of the unpaid principal
balance of this Note; and, if the principal balance of this Note is paid in full, any remaining excess shall forthwith be paid to Maker.
In determining whether or not the interest paid or payable under any specific contingency exceeds the highest lawful rate, Maker and Payee
shall, to the maximum extent permitted under applicable law, (i) exclude voluntary prepayments and the effect thereof, and (ii) spread
the total amount of interest throughout the entire contemplated term of this Note so that the interest rate is uniform throughout such
term.

 

This Promissory Note is intended to be an obligation
of Borrower and, by the execution of this Promissory Note, Borrower agrees that Borrower shall not be entitled to sell, transfer, assign,
or convey in any manner whatsoever, this Promissory Note and Borrower shall remain obligated under this Promissory Note until the obligation
set forth herein is paid in full.

 

If this Note is placed in the hands of any attorney
for collection, or if it is collected through any legal proceedings at law or in equity or in bankruptcy, receivership or other court
proceedings, Maker joint and severally agrees to pay all costs of collection, including, but not limited court costs and reasonable attorney’s
fees.

 

Promissory Note – Page 1

 

     

     

    

 

IN WITNESS WHEREOF, the undersigned Borrower has
duly executed this Note effective as of the date first written above.

 

	 	By:	/s/ Joe McClaugherty
	 	Name:	Joe McClaugherty
	 	Title:	Generation
Hemp, Inc. Lead Director

 

Promissory Note – Page 2Exhibit 10.6

 

UNSECURED PROMISSORY NOTE

 

	$35,000.00	August 12, 2022

 

For value received, GENERATION HEMP, INC., a Delaware
corporation (the “Borrower”), promises to pay to Gary D. Elliston, or his assigns (the “Holder”),
the principal sum of $35,000.00 (U.S. Dollars), together with all accrued and unpaid interest thereon as set forth below. It is expressly
understood that the commitment to provide the principal sum of $35,000.00 was agreed to on the date above, and all provisions of this
unsecured promissory note shall be deemed effective as of such date and all financial obligations shall accrue from such date with respect
to the loan amount.

 

All payments of principal and interest hereunder
shall be made by check or wire transfer pursuant to wire transfer instructions that may be provided by the Holder to the Borrower from
time to time.

 

		1.	Payments. The Borrower shall make the principal payment on September 12, 2022 to the Holder, together with accrued and
unpaid interest hereunder. Notwithstanding to the contrary, all outstanding principal and all accrued and unpaid interest hereunder shall
be due and payable in full at that time.

 

		2.	Interest Rate. Simple interest on the unpaid principal balance of this Note shall accrue at the lesser of ten percent
(10%) per annum and the highest rate permitted by law. If an Event of Default (as defined below) shall occur under this Note, interest
shall immediately commence accruing at a default rate of fourteen percent (14%) per annum.

 

		3.	Default. The occurrence of any of the following events of default (each, an “Event of Default”) shall,
at the option of the Holder thereof, make all principal and interest (to the extend accrued) then remaining unpaid hereon and all other
amounts payable hereunder immediately due and payable, upon written demand, without presentment, or grace period, all of which hereby
are expressly waived, except as set forth below:

 

		(a)	Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest due under this Note
when due and such failure continues for a period of five (5) days after written notice.

 

		(b)	Receiver or Trustee. The Borrower shall make an assignment for the benefit of creditors, or applies for or consents to the
appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver of trustee shall
otherwise be appointed without the consent of the Borrower, which shall constitute an automatic Event of Default and shall result in all
remaining unpaid principal and interest due hereon immediately due and payable without the written demand from the Holder.

 

GARY D. ELLISTON

PROMISSORY NOTE – Page 1

 

     

     

    

 

		(c)	Bankruptcy. Bankruptcy, insolvency, reorganization, or liquidation proceedings or other proceedings or relief under any bankruptcy
law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the
Borrower, which shall constitute an automatic Event of Default and shall result in all remaining unpaid principal and interest due hereon
immediately due and payable without the written demand from the Holder.

 

		4.	Termination. Upon payment of all cash amounts due to the Holder as provided in this Note, the Borrower will forever
be released from all of its payment obligations and liabilities under this Note and the Holder agrees to promptly return to the Borrower
the Note marked “paid in full”. This Note may be prepaid, in whole or in part, without the prior consent of the Holder.

 

		5.	Miscellaneous

 

		(a)	Successors and Assigns. This Note shall be binding upon successors and assigns of the Borrower, and shall inure to the benefit
of the successors and permitted assigns of the Holder.

 

		(b)	Severability. The unenforceability or invalidity of any provision or provisions of this Note shall not render any other provision
or provisions herein contained unenforceable or invalid.

 

		(c)	Notice. Any notice or communication required to be given hereunder may be delivered by hand or deposited with an overnight
courier (with overnight delivery instructions), if to the Borrower, to the address of the Borrower’s corporate headquarters, and
if to the Holder, to the last address of the Holder set forth in the Borrower’s books and records. Notice shall be deemed given
and received on the date sent if sent by personal delivery; and one (1) day after the date sent if sent by overnight courier.

 

		(d)	Entire Agreement. This Note contains the entire and complete understanding between the parties concerning its subject matter
and all representations, agreements, arrangements, and understandings between or among the parties, whether oral or written, have been
fully merged herein and are superseded thereby, except for representations, agreements, and understandings between or among the parties
made pursuant to the Purchase Agreement and any other agreements entered into in connection therewith and herewith. The Note may be modified
only by a writing signed by both parties.

 

		(e)	Governing Law; Attorneys’ Fees. This Note shall be governed by and construed in accordance with the laws of the State
of Texas, without giving effect to its principles regarding conflicts of law. Upon default, the breaching party agrees to pay to the non-breaching
party reasonable attorneys’ fees, plus all other reasonable expenses, incurred by the non-breaching party in exercising any of the
non-breaching party’s rights and remedies.

 

GARY D. ELLISTON

PROMISSORY NOTE – Page 2

 

     

     

    

 

		(f)	Jurisdiction. The parties (a) hereby irrevocably and unconditionally submit to the jurisdiction of the state courts of the
State of Texas, Dallas County, and to the jurisdiction of the United States District Court for the State of Texas, for the purpose of
any suit, action, or other proceeding arising out of or based upon this Note; (b) agree not to commence any suit, action, or other proceeding
arising out of or based upon this Note except in the state courts of the State of Texas, Dallas County, or the United States District
Court for the State of Texas; and (c) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such
suit, action, or proceeding, any claim that it is not subject personally to the jurisdiction of the above named courts, that its property
is exempt or immune from attachment or execution, that the suit, action, or proceeding is brought in an inconvenient forum, that the venue
of the suit, action, or proceeding is improper or that this Note or the subject matter hereof may not be enforced in or by such court.

 

		(g)	FINAL AGREEMENT. THIS NOTE AND ALL OTHER INSTRUMENTS, DOCUMENTS, AND AGREEMENTS EXECUTED AND DELIVERED BY THE BORROWER IN
CONNECTION WITH THE INDEBTEDNESS EVIDENCED BY THIS NOTE EMBODY THE FINAL, ENTIRE AGREEMENT OF THE BORROWER AND THE HOLDER WITH RESPECT
TO THE INDEBTEDNESS EVIDENCED BY THIS NOTE AND SUPERSEDE ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS, AND UNDERSTANDINGS,
WHETHER WRITTEN OR ORAL, RELATING TO THE INDEBTEDNESS EVIDENCED BY THIS NOTE AND MAY NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE BORROWER AND THE HOLDER. THERE ARE NO ORAL AGREEMENTS BETWEEN THE
BORROWER AND THE HOLDER.

 

		(h)	Subordination. By its acceptance hereof, the Holder agrees that the indebtedness evidenced by this Note, including the principal
of and interest thereon, shall be subordinate to and subject in right of payment, to the extent hereinafter set forth, to the prior payment
in full of all principal, interest, and any other sums then due on all existing or future Senior Indebtedness of the Borrower. The term
“Senior Indebtedness” shall mean secured and unsecured indebtedness of the Borrower, or with respect to which the Borrower
is a guarantor, for money borrowed by the Borrower from any financial institution or other sources prior to the date of this unsecured
promissory note.

 

Signature Page Follows

 

GARY D. ELLISTON

PROMISSORY NOTE – Page 3

  

     

     

    

 

IN WITNESS WHEREOF, the Borrower has executed
this Note as of the date set forth above.

 

		GENERATION HEMP, INC.,
	 	a Delaware Corporation
	 	 	 
	 	By:	/s/
    Gary C. Evans
	 	 	Gary C. Evans, CEO

 

GARY D. ELLISTON

PROMISSORY NOTE – Page 4

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