Document:

Exhibit 10.7

 

CONVERTIBLE PROMISSORY NOTE

 

FOR VALUE RECEIVED, AMERICAN DOCTORS
ONLINE, INC., a company incorporated under the laws of Delaware (hereinafter called “Borrower” or
“ADOL”), hereby promises to pay to  ____________________ (the “Holder”), the sum of
____________________($__________), with simple interest accruing at the annual rate of 8%, on the two year
anniversary of the Note (the “Maturity Date”) or at such earlier time as provided and subject to the terms set
forth herein.

 

The conversion of this
Note pursuant to Article II hereof is contingent upon ADOL becoming a public reporting company which is either listed on an exchange
or quoted on the Over-the-Counter Quotation Board (“OTCQB”) which results in the company filing periodic reports pursuant
to Section 13 or 15(d) of the Exchange Act (becoming a “Public Company”).

 

ARTICLE I

 

GENERAL PROVISIONS

 

1.1 Interest Rate.
The outstanding principal balance of this Note shall accrue interest at the annual rate of five percent (5%), with such accrued
and unpaid interest payable on each annual anniversary of this Note until this Note is paid in full, commencing for the quarter
ended June 30, 2013.

 

1.2Payment of Principal; Prepayment;
Conversion. The Borrower may prepay the Note at any time with the consent of the Holder; provided that at the date of such
prepayment Borrower shall repay the amount of any accrued and unpaid interest together with the principal amount then due and owing;
and provided further that Borrower may not make partial prepayments without the consent of the Holder. The outstanding principal
balance of the Note, together with accrued and unpaid interest thereon, shall be payable in full on the Maturity Date, unless previously
converted into common stock in accordance with Article II hereof.

 

1.3Default Interest. In the
event the Borrower does not pay any amount due and owing under this Note within thirty (30) days of the applicable due date, a
default interest rate of eight percent (8%) per annum shall apply to the amounts owed hereunder.

 

ARTICLE II

 

CONVERSION

 

2.1 Automatic
Conversion. The Note shall be convertible only in the event Borrower becomes a Public Company. In such an event, the outstanding
principal balance of the Note, together with all unpaid interest thereon (collectively, the “Conversion Amount”),
shall automatically convert on the Conversion Date (as defined below in Section 2.2) into shares of the capital stock of ADOL
(the “ADOL Stock”) to be owned by Holder or their assigns. Borrower represents that upon issuance, such shares will
be duly and validly issued, fully paid and non-assessable. Borrower agrees that its issuance of this Note shall constitute its
full commitment to authorize ADOL’s officers, agents, and transfer agents who are charged with the duty of executing and
issuing stock certificates to execute and issue the necessary certificates for shares of ADOL Stock upon the conversion of this
Note, and Holder agrees that such conversion shall constitute full satisfaction of Borrower’s obligations under this Note.
The ADOL Stock shall be issued in the name of Holder or its assignee, and the obligations of this Note shall not be extinguished
until such time as the ADOL Stock shall have been so issued to Holder by all requisite corporate action of ADOL. Notwithstanding
the foregoing, Borrower will not be required to deliver certificates representing the ADOL Stock until such time it receives from
Holder the original Note.

 

2.2Conversion. On the six month
anniversary following the effectiveness of the Borrower becoming a Public Company (the “Conversion Date”), the Note
will automatically convert into shares of ADOL Stock at a conversion price (the “Conversion Price”) equal to the average
closing bid price over the five consecutive days (the “Average”) immediately preceding the Conversion Date.

 

2.3Dilutionary
Events. Any ADOL Stock issued upon the conversion of the Note will be adjusted for any reverse split or forward split of the
common stock of the Company. Such transactions will be in the sole discretion of the Company, as permitted by law.

 

ARTICLE III

 

EVENT OF DEFAULT

 

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

 

3.1Failure
to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest hereon when due and such
failure continues for a period of thirty (30) days after the due date. The thirty (30) day period described in this Section 3.1
is the same thirty (30) day period described in Section 1.3 hereof.

 

3.2Breach
of Covenant. The Borrower breaches any material covenant or other term or condition of this Note in any material respect and
such breach, if subject to cure, continues for a period of twenty (20) days after written notice to the Borrower from the Holder.

 

3.3Breach
of Representations and Warranties. Any material representation or warranty of the Borrower made herein, or certificate given
in writing pursuant hereto or in connection therewith shall be false or misleading in any material respect as of the date made
and the closing date.

 

3.4Receiver or Trustee. The
Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee
for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

 

3.5Judgments.
Any money judgment, writ or similar final process shall be entered or filed against Borrower or any of its property or other assets
for more than Fifty Thousand United States Dollars ($50,000), and shall remain unvacated, unbonded or unstayed for a period of
forty-five (45) days.

 

3.6Bankruptcy.
Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any
law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed
within 45 days of initiation.

 

3.7Confession
of Judgment. A confession of judgment by the Borrower under any one or more obligations in an aggregate monetary amount in
excess of Fifty Thousand United States Dollars ($50,000).

 

3.8Cross
Default. A default by the Borrower of a material term, covenant, warranty or undertaking of any other agreement to which the
Borrower and Holder are parties, or the occurrence of a material event of default under any such other agreement, in each case,
which is not cured after any required notice and/or cure period.

 

ARTICLE IV

 

 

MISCELLANEOUS

 

4.1Failure or Indulgence Not Waiver.
No failure or delay on the part of Holder hereof in the exercise of any power, right or privilege hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise
thereof or of any other right, power or privilege. All rights and remedies existing hereunder are cumulative to, and not exclusive
of, any rights or remedies otherwise available.

 

4.2Notices.
Any notice herein required or permitted to be given shall be in writing and may be personally served or sent by fax transmission
(with copy sent by regular, certified or registered mail or by overnight courier). A notice shall be deemed delivered on (i) the
business day it is received by facsimile or otherwise by the Borrower if such notice is received prior to 11:00 A.M. Eastern time,
or (ii) the immediately succeeding business day if it is received by facsimile or otherwise after 11:00 A.M. Eastern time on a
business day or at any time on a day which is not a business day. The address and fax number of the Holder shall be as set forth
on the Subscription Agreement executed by Holder with respect to this Note. The address and fax number of the Borrower shall be:
American Doctors Online, Inc., 200 Mill Road, Suite 350, Fairhaven, MA. 02719. Both Holder and Borrower may change the address
and fax number for service by service of notice to the other as herein provided.

 

4.3Amendment
Provision. The term “Note” and all reference thereto, as used throughout this instrument, shall mean this instrument
as originally executed, or if later amended or supplemented, then as so amended or supplemented.

 

4.4 Assignability. This Note
shall be binding upon the Borrower and its successors and assigns, and shall inure to the benefit of the Holder and its successors
and assigns, and may be assigned by the Holder.

 

4.5Cost of Collection. If default
is made in the payment of this Note, Borrower shall pay the Holder hereof reasonable costs of collection, including reasonable
attorneys’ fees.

 

4.6Governing
Law. This Note shall be governed by and construed in accordance with the laws of Delaware. Any action brought by either party
against the other concerning the transactions contemplated by this Agreement may be brought to the state courts of the State of
Delaware, USA . Both parties and the individual signing this Agreement on behalf of the Borrower agree to submit to the jurisdiction
of such courts. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and
costs.

 

4.7Maximum Payments. Nothing
contained herein shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum
permitted by applicable law. In the event that the rate of interest required to be paid or other charges hereunder exceed the maximum
permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Borrower to the Holder
and thus refunded to the Borrower.

 

ARTICLE
V

 

NOTICE/DISCLOSURE

 

The
Notes offered hereby are highly speculative, involve a high degree of risk and should be purchased only by investors who can afford
to lose their entire investment. Prospective investors should carefully consider the high risks associated with this offering.
A description of some, but not all, of the material risks that prospective investors should consider are set forth in THAT CERTAIN
CONFIDENTIAL OFFERING MEMORANDUM OF THE COMPANY DATED JUNE 30, 2013, AS THE SAME MAY BE AMENDED FROM TIME TO TIME.

 

THIS NOTE AND THE COMMON SHARES ISSUABLE
UPON CONVERSION OF THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS NOTE AND THE COMMON SHARES
ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT AS TO THIS NOTE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH
REGISTRATION IS NOT REQUIRED.

 

 

 

IN WITNESS WHEREOF,
Borrower has caused this Note to be signed in its name by its Chief Executive Officer on this ____ day of __________, 2013.

 

AMERICAN DOCTORS ONLINE,
INC.

 

By:________________________________

Name:

Title:_

FIRST AMENDED CONSULTING AGREEMENT

THIS FIRST AMENDED CONSULTING AGREEMENT (the “Agreement”) is effective as of the 1st day of July, 2014, by and between Rangeford Resources, Inc., a Nevada corporation (the “Company”), and Fidare Consulting Group, LLC, a Texas limited liability company (the “Consultant”).

WHEREAS, the Company is a development-stage oil and gas exploration and production company and desires advice regarding business strategies, and business planning;  

WHEREAS, Consultant has expertise in the areas of corporate structuring, strategic planning and compliance;

WHEREAS, the Company desires to engage Consultant to provide consulting services relating to preparing and maintaining corporate books and records; implementing of accounting controls; preparing and maintaining accounting books and records; implementing internal procedures and controls to ensure Sarbanes-Oxley/404 compliance; implementing corporate governance controls and procedures; maintaining full reporting status; assisting with corporate strategies; and overseeing and maintaining shareholder matters (the “Consulting Services”);

WHEREAS, this Agreement shall constitute a new separate and distinct agreement which shall nullify and replace any previous agreements entered into between the parties; 

WHEREAS, the Parties hereto entered into that certain Consulting Agreement, dated 26 July 2013 (“Prior Agreement”); and

WHEREAS, the Parties hereto desire to amend and restate the compensation of the Prior Agreement.

NOW, THEREFORE, in consideration of the foregoing and the mutual promises herein contained, the parties hereto agree as follows:

1.

Services to Be Provided, Scope of Agreement, and Relationship of the Parties

(a)

The Company hereby agrees to engage Consultant to provide the Consulting Services, and Consultant agrees to such engagement, on the terms and conditions set forth in this Agreement.  In that regard, Consultant agrees to make itself available to the Company during normal business hours for reasonable periods of time, subject to reasonable advance notice and mutually convenient scheduling, for the purpose of attending meetings of management and the Board of Directors, as may be requested by the Chairman of the Board of the Company; assisting the Company in the preparation of reports, summaries, profiles, due diligence packages, and other material and documentation in connection with proposed acquisitions; and business planning, in each case as and to the extent requested by the Chief Executive Officer of the Company.

(b)

The Company acknowledges that Consultant has many other business interests and will devote as much time as in its discretion as necessary to perform its duties under this 

					
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Agreement.  In addition, the Company acknowledges that Consultant’s efforts on behalf of his other interests are the sole and separate property of Consultant.  

(c)

The services rendered by Consultant to the Company pursuant to this Agreement shall be as an independent contractor, and this Agreement does not make Consultant the employee, agent, or legal representative of the Company for any purpose whatsoever, including without limitation, participation in any benefits or privileges given or extended by the Company to its employees.  No right or authority is granted to Consultant to assume or to create any obligation or responsibility, express or implied, on behalf of or in the name of the Company, except as may be set forth herein.  In that regard, Consultant agrees that it shall act solely at the express direction of the Company’s Chief Executive Officer and shall coordinate all contacts with third parties, including without limitation potential sources of capital, through the Chief Executive Officer.  The Company shall not withhold for Consultant any federal or state taxes from the amounts to be paid to Consultant hereunder, and Consultant agrees that it will pay all taxes due on such amounts.

(d)

Consultant shall provide the Company with such other advisory and consulting services as the Company may specifically request.  Specific fees for each separate service rendered by Consultant shall be established at the time Consultant is requested to undertake each service. 

2.

Compensation

(a)

As compensation for its Consulting Services hereunder, the Company will issue to Consultant each month during the term of this Agreement shares of its common stock valued at $20,000 based on its price at the close on the last trading day of each month.  The foregoing shares shall be issued as of the last business day of each month, and shall be delivered to Consultant as soon as reasonably practicable.

(b)

Other forms of compensation may occur depending on the nature of a specific transaction and only upon the mutual agreement of both parties.  

3.

Expenses

The Company shall reimburse Consultant for all pre-approved reasonable and necessary expenses incurred by it in providing the Consulting Services under this Agreement. Consultant shall submit related receipts and documentation with its request for reimbursement.

4.

Renewal; Termination

(a)

This Agreement shall continue in effect until terminated by the parties. Either of the parties may terminate this agreement after 6 months by written notice 30 days in advance; however, any finder’s fees due for cash raised shall remain due and payable.

(b)

Subject to the continuing obligations of Consultant under Section 5 below, either party may terminate this Agreement at any time if the other party shall fail to fulfill any material obligation under this Agreement and shall not have cured the breach within 10 days after having received notice thereof.

					
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(c)

Termination or expiration of this Agreement shall not extinguish any rights of compensation that shall accrue prior to the termination.

5.

Confidential Information

(a)

“Confidential Information,” as used in this Section 5, means information that is not generally known and that is proprietary to the Company or that the Company is obligated to treat as proprietary.  This information includes, without limitation:

(i)

Trade secret information about the Company and its operations, plans, strategies, sources of capital, acquisition targets and financial results;

(ii)

Information concerning the Company’s business as the Company has conducted it since the Company’s incorporation or as it may conduct it in the future; and

(iii)

Information concerning any of the Company’s past, current, or possible future products, including (without limitation) information about the Company’s research, development, engineering, purchasing, manufacturing, accounting, marketing, selling, or leasing efforts. 

(b)

Any information that Consultant reasonably considers Confidential Information, or that the Company treats as Confidential Information, will be presumed to be Confidential Information (whether Consultant or others originated it and regardless of how it obtained it).

(c)

Except as required in its duties to the Company, Consultant will never, either during or after the term of this Agreement, use or disclose confidential Information to any person not authorized by the Company to receive it.

(d)

If this Agreement is terminated, Consultant will promptly turn over to the Company all records and any compositions, articles, devices, apparatus and other items that disclose, describe, or embody Confidential Information, including all copies, reproductions, and specimens of the Confidential Information in its possession, regardless of who prepared them.  The rights of the Company set forth in this Section 5 are in addition to any rights of the Company with respect to protection of trade secrets or confidential information arising out of the common or statutory laws of the State of Colorado or any other state or any country wherein Consultant may from time to time perform services pursuant to this Agreement.  This Section 5 shall survive the termination or expiration of this Agreement.

(e)

Consultant hereby acknowledge, on behalf of its members, managers, affiliates, attorneys, advisors, agents and representatives (“Representatives”), that it is aware (and that its Representatives who are apprised of this matter have been advised) of Consultant’s responsibility under the U.S. federal securities laws with respect to purchasing or selling securities of a company about which Consultant (or its Representatives) have material nonpublic information and agree that Consultant and its Representatives will not use, nor cause any third party to use, any information in contravention of such securities laws or any rules or regulations promulgated thereunder.  

					
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6.

False or Misleading Information

The Company agrees to use commercially reasonable efforts to provide Consultant with accurate financial, corporate, and other data reasonably requested by Consultant in connection with the performance with its services hereunder.  The Company hereby indemnifies Consultant from any and all out-of-pocket costs, expenses or damages incurred, and holds Consultant harmless from any and all claims and/or actions that may result solely and directly from the Company’s intentional breach of this covenant.

7.

Miscellaneous

(a)

Successors and Assigns.  This Agreement is binding on and ensures to the benefit of the Company, its successors and assigns, all of which are included in the term the “Company” as it is used in this Agreement and upon Consultant, its successors and assigns.  Neither this Agreement nor any duty or right hereunder will be assignable or otherwise transferable by either party without the written consent of the other party, except that the Company shall assign this Agreement in connection with a merger, consolidation, assignment, sale or other disposition of substantially all of its assets or business.  This Agreement will be deemed materially breached by the Company if its successor or assign does not assume substantially all of the Company’s obligations under this Agreement.

(b)

Modification.  This Agreement may be modified or amended only by a writing signed by both the Company and Consultant.

(c)

Governing Law.  The laws of Texas will govern the validity, construction, and performance of this Agreement.  Any legal proceeding related to this Agreement will be brought in an appropriate Texas court, and both the Company and Consultant hereby consent to the exclusive jurisdiction of that court for this purpose.

(d)

Construction.  Wherever possible, each provision of this Agreement will be interpreted so that it is valid under the applicable law.  If any provision of this Agreement is to any extent invalid under the applicable law, that provision will still be effective to the extent it remains valid.  The remainder of this Agreement also will continue to be valid, and the entire Agreement will continue to be valid in other jurisdictions.

(e)

Waivers.  No failure or delay by either the Company or Consultant in exercising any right or remedy under this Agreement will waive any provision of the Agreement, nor will any single or partial exercise by either the Company or Consultant of any right or remedy under this Agreement preclude either of them from otherwise or further exercising these rights or remedies, or any other rights or remedies granted by any law or any related document.

(f)

Captions.  The headings in this Agreement are for convenience only and do not affect this Agreement’s interpretation.

(g)

Entire Agreement.  This Agreement supersedes all previous and contemporaneous oral negotiations, commitments, writings, and understandings between the parties concerning the matters in this Agreement.

					
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(h)

Notices.  All notices and other communications required or permitted under this Agreement shall be in writing and sent by registered first-class mail, postage prepaid, and shall be effective five days after mailing to the attention of the signatories to this Agreement at the addresses stated below.  These addresses may be changed at any time by like notice.

In the case of the Company:

Rangeford Resources, Inc.

ATTENTION:  Colin C. Richardson

556 Silicon Drive, Suite 103

Southlake, TX 76092

In the case of Consultant:

Harry McMillan, Manager/Member

Fidare Consulting Group, LLC.

1224 N. Highway 377

Suite 303, PMB 56

Roanoke, TX 76262

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date and year first above written.

			
	Rangeford Resources, Inc. 

	 
	Fidare Consulting Group, LLC.

	Signature

	 
	Signature

	Name: Colin C. Richardson

	 
	Name: Harry N. McMillan

	Title:

 President and Chairman of the Board

	 
	Title:

 Managing Member

					
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