Document:

Exhibit
10.51

 

HY-TECH
TECHNOLOGY GROUP, INC.

A
Delaware Corporation

 

8%
CONVERTIBLE NOTE

 

THIS
NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), NOR QUALIFIED UNDER APPLICABLE STATE
SECURITIES LAWS AND HAVE BEEN TAKEN FOR INVESTMENT PURPOSES ONLY. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN
THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO SUCH SECURITIES UNDER THE ACT AND QUALIFICATION UNDER APPLICABLE STATE LAW WITHOUT
AN OPINION OF COUNSEL SATISFACTORY TO BORROWER THAT SUCH REGISTRATION AND QUALIFICATION ARE NOT REQUIRED.

 

	$50,000
    	Date:
    February 12, 2003

 

FOR
VALUE RECEIVED, Hy-Tech Technology Group, Inc., a Delaware corporation (“Borrower”), hereby unconditionally promises
to pay as set forth herein to the order of Julian M. Herskowitz (“Lender”), in lawful money of and within the United
States of America and in immediately available funds, the principal sum of $25,000 (the “Principal Amount”), together
with accrued and unpaid interest thereon, in the manner Set forth herein. Borrower further agrees to pay interest on the Principal Amount
at the rate per annum of 8% (the “Stated Interest Rate”) on the outstanding Principal Amount. Interest shall be calculated
from and including the date of this Note until such Principal Amount has been repaid in full or until the Note has been converted. Interest
shall be paid annually and shall be calculated on the basis of 365 day or 366 day year, as the case may be, for the actual number of
days elapsed.

 

	1.	Principal
                                            Repayment. The outstanding Principal Amount and interest shall be payable on the 120th
                                            day from closing (“Repayment Date”), unless otherwise converted
                                            in accordance with Section 2 below.

 

	2.	Conversion.
                                            Seven days prior to the Repayment Date, the Lender shall notify Borrower of its intent to;
                                            (i) convert the entire amount of principal and interest due pursuant to this Note into shares
                                            of the Borrower’s common stock at a price of $1.00 per share, or (ii) be repaid the
                                            principal and interest in accordance with Section I above. However, if the Borrower’s
                                            common stock has an average closing price for the 30 days prior to the Repayment Date of
                                            a minimum of $3.36 (200% of the closing sale price of the Company’s common stock on
                                            the date of this Note), all of the principal and interest owed to Lender shall automatically
                                            convert into shares of the Borrower’s common stock at $1.00 per share on the Repayment
                                            Date and Lender shall have no right to be repaid its principal and interest other than in
                                            accordance with (i) above.

 

	3.	Place
                                            of Payment; Application of Payments. All amounts payable hereunder shall be payable to
                                            Lender in United States dollars to such bank account as shall be designated by Lender in
                                            immediately available funds or as otherwise specified to Borrower in writing, except if converted
                                            as per Section 2 above. Payment on this Note shall be applied first to any expenses of collection,
                                            then to accrued interest, and thereafter to the outstanding principal balance hereof.

 

	4.	Default.
                                            The following events shall each be an “Event of Default” under this Note:

 

		A.	Bankruptcy
                                            or insolvency of Borrower;

 

    	 

     

    

 

		B.	Borrower’s
                                            failure to pay any of the Principal Amount due under this Note on the date the same becomes
                                            due and payable, or any accrued interest or other amounts due under this Note after the same
                                            becomes due and payable; and

 

		C.	Breach
                                            of any material covenant or agreement contained in this Note and such breach remains uncured
                                            for a period of 15 days after written notice hereof is received by Borrower from Lender.

 

Upon
the occurrence of an Event of Default, the unpaid Principal Amount, all unpaid accrued interest thereon and all other amounts owing hereunder
may, at the option of Lender, become immediately due and payable to Lender, provided, however, that upon the occurrence of an Event of
Default described in this Section 4, all indebtedness of Borrower to Lender shall become immediately due and payable without any action
of Lender. Effective upon an Event of Default that is not cured for a period of 30 days after such Event of Default, the interest rate
on this Note shall increase to 7% per annum in excess of the Stated Interest Rate.

 

	5.	Covenants.

 

		A.	Use
                                            of Proceeds. The Borrower shall use the net cash proceeds loaned to Borrower pursuant to
                                            this Note for working capital.

 

		B.	Compliance
                                            with Agreements. The Borrower shall perform and observe, or cause to be performed or observed,
                                            as the case may be, all of the provisions in its certificate of incorporation, its bylaws,
                                            and the obligations pursuant to the terms, agreements and covenants of this Note and all
                                            documents and agreements executed or delivered in connection with this Note. The Borrower
                                            expressly represents that Borrower has the full power and authority to deliver theNote, that
                                            the Note has been duly authorized, executed and delivered by the Borrower, and Borrower’s
                                            obligations under the Note are legal, valid, binding and enforceable, absolute and unconditional.

 

		C.	Preservation
                                            of Corporate Existence and Business. The Borrower shall use best efforts to preserve intact
                                            its present business organization, rights and privileges and present goodwill and, to the
                                            best of its ability, its relationships existing with other parties and shall at all times
                                            cause to be done all things necessary to maintain, preserve, and renew its corporate existence
                                            and shall observe and conform with all valid requirements of all governmental authorities
                                            relating to the conduct of the business of the Borrower, the failure of which would have
                                            a material. Adverse effect upon the Borrower’s business or financial condition. The
                                            Borrower shall maintain and keep in force all material licenses, permits and agreements necessary
                                            to the conduct of its businesses.

 

		D.	Maintenance
                                            of Properties. The Borrower shall maintain and keep its properties, real and personal, in
                                            good repair, working order, and condition, and from time to time make all necessary or desirable
                                            repairs, renewals, and replacements, so that its business may be properly and advantageously
                                            conducted at all times.

 

		E.	Taxes
                                            and Other Obligations. The Borrower shall pay and discharge all taxes, assessments, interest
                                            and installments on mortgages and governmental charges against it Or against any of its properties,
                                            upon the respective dates when due, except to the extent that such taxes, assessments, interest,
                                            installments and governmental charges are contested in good faith and by appropriate proceedings.

 

		F.	Compliance
                                            with Obligations, Laws, Etc. The Borrower shall comply with all of the obligations which
                                            it has incurred or to which it becomes subject pursuant to any contract or agreement, whether
                                            oral or written, express or implied, the breach of which might have a material adverse effect
                                            upon its business or financial condition, unless and to the extent that the same are being
                                            contested in good faith and by appropriate proceedings and adequate reserves have been set
                                            aside on its books with respect thereto. The Borrower shall comply with all applicable laws,
                                            rules and regulations of all governmental authorities.

 

    	 

     

    

 

		G.	Trademarks,
                                            Copyrights and Patents. The Borrower will not do any act, or omit to do any act, whereby
                                            Borrower’s Trademarks, Copyrights or Patents, or any application appurtenant thereto,
                                            may become abandoned, invalidated, unenforceable, avoided, avoidable, or will otherwise diminish
                                            in value, and shall notify Lender immediately if it knows of any reason or has reason to
                                            know of any ground under which this result may occur. Borrower shall take appropriate action,
                                            at its expense to halt the infringement of Borrower’s Trademarks, Copyrights and Patents
                                            and shall properly exercise its duty to control the nature and quality of the goods offered
                                            by any licensees in connection therewith.

 

	6.	Waiver.
                                            TO THE FULLEST EXTENT PERMITIED BY LAW, LENDER AND BORROWER AGREE THAT NEITHER OF THEM NOR
                                            ANY ASSIGNEE OR SUCCESSOR SHALL (I) SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM
                                            OR ANY OTHER ACTION BASED UPON; OR ARISING OUT OF, THIS NOTE, ANY RELATED INSTRUMENTS OR
                                            THE DEALINGS OR THE RELATIONSHIP BETWEEN THEM, (II) SEEK TO CONSOLIDATE ANY SUCH ACTION WITH
                                            ANY OTHER ACTION IN WHICH A TI.JRYTRIAL CANNOT BE OR HAS NOT BEEN WAIVED OR (III) MAKE ANY
                                            CLAIM FOR CONSEQUENTIAL, PUNITNE OR SPECIAL DAMAGES. THE PROVISIONS OF THIS PARAGRAPH HAVE
                                            BEEN FULLY DISCUSSED BY LENDER AND BORROWER, AND THESE PROVISIONS SHALL BE SUBJECT TO NO
                                            EXCEPTIONS. NEITHER THE LENDER NOR THE BORROWER HAS AGREED WITH OR REPRESENTED TO THE OTHER
                                            THAT THE PROVISIONS OF THIS PARAGRAPH WILL NOT BE FULLY ENFORCED IN ALL INSTANCES. BORROWER
                                            WAIVES PRESENTMENT AND WRITTEN DEMAND FOR PAYMENT, NOTICE OF DISHONOR, PROTEST AND NOTICE
                                            OF PROTEST OF THIS NOTE. THE RIGHT TO PLEAD ANY AND ALL STATUTE OF LIMITATIONS AS A DEFENSE
                                            TO ANY DEMANDS HEREUNDER IS HERBBY WAIVED TO THE FULLEST EXTENT PERMITTED BY LAW.

 

	7.	Attorneys
                                            Fees; Collection Costs. If there has been an Event of Default by Borrower hereunder,
                                            Lender shall be entitled to receive and Borrower agrees to pay all costs of enforcement and
                                            collection incurred by Lender, including, without limitation, reasonable attorney’s
                                            fees relating thereto.

 

	8.	Notices.
                                            Unless otherwise specified herein, all notices all notices hereunder shall be in writing
                                            and shall be deemed to have been given when delivered by hand, or on the third business day
                                            after properly deposited with the United States Postal Service) as certified mail, return
                                            receipt requested, postage prepaid, or on the first business day after properly deposited
                                            with an overnight courier of national standing, addressed to the address indicated below:

 

If
to the Borrower, at:

 

Hy-Tech
Technology Group, Inc.

1840
Boy Scout Drive

Fort
Myers, Florida 33907

Attention:
President

 

If
to the Lender, at:

 

Julian
M. Herskowitz

6
Hollacher Drive

Northport,
NY 11768

 

or
at any address specified by Borrower or Lender in writing.

 

    	 

     

    

 

	9.	Expenses.
                                            The Borrower shall pay all expenses of the Lender in. connection with the preparation of
                                            this Note or other documents executed in connection therewith, including, without limitation,
                                            fees of outside legal counsel or the allocated costs of in-house legal counsel, accounting,
                                            consulting, brokerage or other similar professional fees or expenses, and any fees or expenses
                                            associated with any travel or other costs relating to any appraisals or examinations conducted
                                            in connection with the obligations hereunder, provided that Borrower shall not have to pay
                                            any such expenses in excess of $1,000 and the amount of all such expenses shall, until paid,
                                            bear interest at the rate applicable to principal hereunder. The Borrower shall also pay
                                            all expenses of the Lender in connection with the waiver or amendment of this Note and the
                                            administration, default or collection of any amount due under this Note or other obligations
                                            or administration, default, collection in connection with the Lender’s exercise, preservation
                                            or enforcement of any of its rights, remedies or options hereunder, including, without limitation,
                                            fees of outside legal counsel or the allocated costs of in-house legal counsel, accounting,
                                            consulting, brokerage or other similar professional fees or expenses, and any fees or expenses
                                            associated with any travel or other costs relating to any appraisals or examinations conducted
                                            in connection with the obligations hereunder, and the amount of all such expenses shall,
                                            until paid, bear interest at the rate applicable to principal hereunder.

 

	10.	Set-Off.
                                            Regardless any means of obtaining repayment of the obligations hereunder, any deposits, balances
                                            or other sums credited by or due from the Lender to the Borrower may at any time and from
                                            time to time, without notice to the Borrower or compliance with any other condition precedent
                                            now or hereafter imposed by statute, rule of law, or otherwise (all of which are hereby expressly
                                            waived) be set off, appropriated, and applied by the Lender against any and all obligations
                                            of the Borrower to the Lender or any of its affiliates in such manner as the Lender in its
                                            sole discretion may determine, and the Borrower hereby grants to the Lender a continuing
                                            security interest in such deposits, balances or other sums for the payment and performance
                                            of all such obligations.

 

	11.	No
                                            Waivers of Lender’s Rights. No failure or delay by the Lender in exercising any
                                            right, power or privilege hereunder or under any other documents or agreements executed in
                                            connection herewith shall operate as a waiver thereof; nor shall any single or partial exercise
                                            thereof preclude any other or further exercise thereof or the exercise of any other right,
                                            power or privilege. The rights and remedies in this Note provided are cumulative and not
                                            exclusive of any rights or remedies otherwise provided by agreement or law.

 

	12.	Amendments.
                                            Neither this Note nor any provision hereof may be amended, waived, discharged or terminated
                                            except by a written instrument signed by the Lender and, in the case of amendments, by the
                                            Borrower.

 

	13.	Binding
                                            Effect of Note. This Note shall be binding upon and inure to the benefit of the Borrower
                                            and the Lender and their respective successors and assigns; provided that neither the Borrower
                                            nor the Lender may assign or transfer its rights or obligations hereunder.

 

	14.	Partial
                                            Invalidity. The invalidity or unenforceability of anyone or more phrases, clauses or
                                            sections of this Note shall not affect the validity or enforceability of the remaining portions
                                            of it.

 

	15.	Captions.
                                            The captions and headings of the various sections and subsections of this Note are provided
                                            for convenience only and shall not be construed to modify the meaning of such sections or
                                            subsections.

 

	16.	Entire
                                            Agreement. This Note and the documents and any agreements executed in connection herewith
                                            constitute the final agreement of the parties hereto and supersede any prior agreement or
                                            understanding, written or oral, with respect to the matters contained herein and therein.

 

    	 

     

    

 

THIS
NOTE HAS BEEN EXECUTED AND DELIVERED IN THE CITY OF NEW YORK, STATE OF NEW YORK, UNITED STATES OF AMERICA. THIS NOTE SHALL BE GOVERNED
BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, EXCLUDING CONFLICT OF LAWS PRINCIPLES THAT WOULD
CAUSE THE APPLICATION OF LAWS OF ANY OTHER JURISDICTION.

 

	 	HY-TECH TECHNOLOGY GROUP, INC.
	 	 	 
	 	By:	/s/
    G F McNear
	 	Name:	G.F.
    McNear
	 	Title:	C.E.O.Exhibit
10.52

 

		Promissory
    Note	 

 

This
Promissory Note is made as of July 27, 2010, between CoroWare, Inc, a Delaware corporation (COROWARE), whose business address
is 4056 148th Avenue NE, Redmond, WA 98052, and Richard Wynns, whose address is 16048 San Carlos Blvd, Ste 3, Fort
Myers, FL 33908-3328 (the “HOLDER”).

 

	1.	For
                                            value received, COROWARE promises to pay to HOLDER the principal sum of TWENTY FIVE THOUSAND
                                            DOLLARS ($25,000.00 US).

 

Interest
shall accrue from the date of this Promissory Note (NOTE) on the unpaid principal amount at a rate equal to [1.5]% per month, compounded
monthly. Interest on this NOTE shall be calculated on the basis of a 360-day year.

 

This
NOTE is subject to the terms and conditions that are detailed in the remainder of this agreement.

 

	2.	Maturity.
                                            Principal and accrued interest under this NOTE shall be due and payable 180 days from the
                                            date of this NOTE (the “Maturity Date”).

 

	3.	Payment.
                                            All payments shall be made in lawful money of the United States of America at such place
                                            as the parties hereto have designated in writing in accordance with the Escrow and Security
                                            Agreement. Payment shall be credited first to the accrued interest then due and payable and
                                            the remainder applied to principal

 

		3.1.	At
                                            the mutual written consent of COROWARE and HOLDER, repayment of principal and interest may
                                            be issued in CoroWare restricted common stock (COWI.OB) from COROWARE to HOLDER.

 

The
number of shares shall be calculated by using the closing price of the common stock on the date of mutual written consent. Such shares
shall be restricted common stock issued by and governed under Rule 144 under the Securities Exchange Act of 1934.

 

	4.	Prepayment.
                                            This NOTE may be prepaid in whole or in part.

 

	5.	Additional
                                            Consideration. As additional consideration for the Lender, the Company shall, within
                                            10 business days of the date of execution of this agreement, issue to the Lender an amount
                                            of CoroWare common stock (COWI.OB) equivalent to 20% of the Principal. The number of shares
                                            shall be calculated by using the closing price of the common stock on the date of signature.
                                            Such shares shall be restricted common stock issued by and governed under Rule 144 under
                                            the Securities Exchange Act of 1934.

 

	6.	Transfer;
                                            Successors and Assigns. The terms and conditions of this NOTE shall inure to the
                                            benefit of and be binding upon the respective successors and assigns of the parties. Notwithstanding
                                            the foregoing, neither the Company nor the Holder may assign, pledge, or otherwise transfer
                                            this NOTE without the prior written consent of the other party, except for transfers to affiliates.
                                            Subject to the preceding sentence, this NOTE may be transferred only upon surrender of the
                                            original NOTE for registration of transfer, duly endorsed, or accompanied by a duly executed
                                            written instrument of transfer in form satisfactory to the Company. Thereupon, a new NOTE
                                            for the same principal amount and interest will be issued to, and registered in the name
                                            of, the transferee. Interest and principal are payable only to the registered holder of this
                                            NOTE.

 

    	Promissory Note Agreement	Page 1	Tuesday, September 13, 2022
	 	 	 
	________________________	 	________________________
	Initials and Date	 	Initials and Date
	COROWARE	 	HOLDER

     

    

 

	7.	Events
                                            of Default. If any of the events specified in this Section 5 shall occur (herein
                                            individually referred to as an “Event of Default”), the Holder may, so long as
                                            such condition exists, declare the entire principal and accrued interest hereon immediately
                                            due and payable, by notice in writing to the Company:

 

		7.1.	Default
                                            in the payment of the principal and accrued interest of this NOTE when due and payable if
                                            such default is not cured by the Company within ten (10) days after the Holder has given
                                            the Company written notice of such default;

 

		7.2.	The
                                            institution by the Company of proceedings to be adjudicated as bankrupt or insolvent, or
                                            the consent by it to the institution of bankruptcy or insolvency proceedings against it or
                                            the filing by it of a petition or answer or consent seeking reorganization or release under
                                            the federal bankruptcy laws, or any other applicable federal or state law, or the consent
                                            by it to the filing of any such petition or the appointment of a receiver, liquidator, assignee,
                                            trustee or other similar official of the Company, or of any substantial part of its property,
                                            or the making by it of an assignment for the benefit of creditors, or the taking of corporate
                                            action by the Company in furtherance of any such action;

 

		7.3.	If,
                                            within sixty (60) days after the commencement of an action against the Company seeking any
                                            bankruptcy, insolvency, reorganization, liquidation, dissolution or similar relief under
                                            any present or future statute, law or regulation, such action shall not have been resolved
                                            in favor of the Company or all orders or proceedings thereunder affecting the operations
                                            or the business of the Company stayed, or if the stay of any such order or proceeding shall
                                            thereafter be set aside, or if, within thurty (30) days after the appointment without the
                                            consent or acquiescence of the Company of any trustee, receiver or liquidator of the Company
                                            or of all or any substantial part of the properties of the Company, such appointment shall
                                            not have been vacated;

 

		7.4.	Failure
                                            by the Company to observe or perform any obligations of the Company to the Holder on or with
                                            respect to any transactions, debts, undertakings or agreements other than the transaction
                                            evidenced by this NOTE; or

 

		7.5.	The
                                            institution of any proceeding for the dissolution or termination of the Company voluntarily,
                                            involuntarily, or by operation of law.

 

	8.	As
                                            long as this NOTE is in Default, then this NOTE shall bear interest (the “Default Interest”)
                                            at the lesser of (i) twenty one percent (21%) per annum compounded annually or (ii) the maximum
                                            rate permitted by law. At the Holder’s election, such Default Interest shall be payable
                                            by the Company in cash or shares of the Company’s Common Stock at a price per share
                                            equal to the then fair market value of such Common Stock, as determined in good faith by
                                            the Company’s Board of Directors.

 

	9.	Governing
                                            Law. This NOTE and all acts and transactions pursuant hereto and the rights and obligations
                                            of the parties hereto shall be governed, construed and interpreted in accordance with the
                                            laws of the State of Washington, without giving effect to principles of conflicts of law.

 

    	Promissory Note Agreement	Page 2	Tuesday, September 13, 2022
	 	 	 
	________________________	 	________________________
	Initials and Date	 	Initials and Date
	COROWARE	 	HOLDER

     

    

 

	10.	Notices.
                                            Any notice required or permitted by this NOTE shall be in writing and shall be deemed sufficient
                                            upon receipt, when delivered personally or by courier, overnight delivery service or confirmed
                                            facsimile, or 48 hours after being deposited in the U.S. mail as certified or registered
                                            mail with postage prepaid, if such notice is addressed to the party to be notified at such
                                            party’s address or facsimile number as set forth below or as subsequently modified
                                            by written notice.

 

	11.	NOTICES.
                                            Any notice, request, authorization, direction, or other communication under this Agreement
                                            shall be deemed given on the day they are (i) deposited in the mail, postage prepaid, certified
                                            or registered, return receipt requested; or (ii) sent by air express courier (e.g., DHL,
                                            Federal Express or Airborne), charges prepaid, return receipt requested; and addressed as
                                            set forth below.

 

	CoroWare,
    Inc.	 	Richard
    Wynns
	1410
    Market Street	 	16048
    San Carlos Blvd, Ste 3
	Kirkland,
    WA 98033	 	Fort
    Myers, FL 33908-3328
	 

    Attention:
	Chief
    Executive Officer	 	 

    Attention:
	 
	Phone:	(800)
    641-2676	 	Phone:	(239)
    466-6455
	Fax:	(800)
    641-2676	 	Fax:	 
	E-Mail:	ceo@coroware.com	 	E-Mail:	hummerdad1@aol.com

 

	12.	Amendments
                                            and Waivers. Any term of this NOTE may be amended only with the written consent of
                                            the Company and the Holder.

 

	13.	Shareholders,
                                            Officers and Directors Not Liable. In no event shall any shareholder, officer or
                                            director of the Company be liable for any amounts due or payable pursuant to this NOTE.

 

	14.	Legal
                                            Costs. Except as otherwise provided in the agreements executed by the parties hereto,
                                            each party agrees to bear its own legal costs in connection with the transactions contemplated
                                            by this NOTE.

 

	15.	Counterparts.
                                            This NOTE may be executed in counterparts, each of which will be deemed to be an original
                                            and all of which together will constitute a single instrument.

 

	16.	ORAL
                                            AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO FORBEAR FROM ENFORCING
                                            PAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER WASHINGTON LAW.

 

    	Promissory Note Agreement	Page 3	Tuesday, September 13, 2022
	 	 	 
	________________________	 	________________________
	Initials and Date	 	Initials and Date
	COROWARE	 	HOLDER

     

    

 

	COROWARE	 	HOLDER
	 	 	 
	 	 	 
	Signature	 	Signature
	 	 	 
	Lloyd Spencer	 	Richard Wynns
	Name (Print)	 	Name (Print)
	 	 	 
	CEO	 	 
	Title	 	 
	 	 	 
	July 27, 2010	 	July 27, 2010
	Effective Date	 	Effective Date

 

    	Promissory Note Agreement	Page 4	Tuesday, September 13, 2022
	 	 	 
	________________________	 	________________________
	Initials and Date	 	Initials and Date
	COROWARE	 	HOLDER

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