Document:

THIS AMENDED & RESTATED DEMAND CONVERTIBLE
PROMISSORY NOTE (THE “2015 NOTE”, OR “NOTE”) IS AN AMENDMENT, MODIFICATION AND RESTATEMENT OF THAT CERTAIN
AMENDED & RESTATED DEMAND CONVERTIBLE PROMISSORY NOTE, DATED JULY 17, 2014, IN PRINCIPAL AMOUNT OF UP TO $250,000, AS AMENDED
(THE “2014 AMENDED & RESTATED NOTE”) MADE BY THE COMPANY IN FAVOR OF THE HOLDER, AND UNDER WHICH $263,321.27 WAS
LOANED BY THE HOLDER TO THE COMPANY INCLUDING PRINICPAL, ACCRUED AND UNPAID INTEREST AND FEES AND DEDUCTIONS FOR DEBT CONVERSIONS
AS OF THE DATE OF THE MAKING OF THIS INSTRUMENT. THE 2014 AMENDED & RESTATED NOTE IN AND OF ITSELF IS A CONTINUATION OF THAT
CERTAIN DEMAND CONVERTIBLE PROMISSORY NOTE DATED FEBRUARY 5, 2013, IN PRINCIPAL AMOUNT OF UP TO $250,000 (THE “ORIGINAL NOTE”),
MADE BY THE COMPANY IN FAVOR OF THE HOLDER, AND UNDER WHICH $124,500 IN PRINCIPAL WAS ORIGINALLY LOANED BY THE HOLDER TO THE COMPANY,
NOT INCLUDING ACCRUED AND UNPAID INTEREST AND FEES. 

 

THE PRINCIPAL AMOUNT OF THIS 2015 NOTE AS
OF THE EFFECTIVE DATE IS THE REMAINING TOTAL OF PRINCIPAL, INTEREST AND FEES AFTER THE DEDUCTION OF DEBT CONVERSIONS THROUGH THE
EFFECTIVE DATE WHICH IS DUE UNDER THE 2014 AMENDED & RESTATED NOTE, WHICH EQUALS $263,321.27 (U.S.) (THE “2014 AMENDED
NOTE REMAINING UNPAID BALANCE”), AND SHALL INCLUDE ANY ADDITIONAL LOAN ADVANCES (AS HEREINAFTER DEFINED), MADE AFTER THE
EFFECTIVE DATE OF THIS NOTE. 

 

THE 2014 AMENDED NOTE REMAINING UNPAID BALANCE
IS NOT BEING REPAID BY THE COMPANY AND IS HEREIN BEING REFINANCED BY VIRTUE OF THE ISSUANCE AND ACCEPTANCE OF THIS INSTRUMENT.
IT IS THE INTENT OF THE COMPANY AND THE HOLDER THAT THIS 2015 NOTE SHALL CONSTITUTE A CONTINUANCE OF THE INDEBTEDNESS OF THE 2014
AMENDED NOTE AND THE ORIGINAL NOTE AS REPRESENTED BY THE REMAINING UNPAID BALANCE, WHICH SHALL BE IN ADDITION TO ANY SUBSEQUENT
LOAN ADVANCES UNDER THIS NOTE.

 

THIS NOTE AND THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED OR ANY APPLICABLE STATE SECURITIES LAWS. THEY MAY
NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES
UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

TOTALLY HEMP CRAZY INC.

 

AMENDED& RESTATED

DEMAND CONVERTIBLE PROMISSORY
NOTE

 

Up to $1,500,000 (U.S.)   March 25, 2015

(“Principal”) (“Effective Date”)

 

This 2015 Amended and Restated
Demand Convertible Promissory Note, dated March 25, 2015, (the “Note”) is amended and restated from that certain Amended
and Restated Demand Convertible Promissory Note dated July 17, 2014, the “2014 Amended Note”, which in and of itself
is a continuation of that certain Original Demand Promissory Note dated February 5, 2013 (the “Original Note”), each
of which was made between Totally Hemp Crazy Inc. a Nevada corporation, (formerly named, Republic of Texas Brands, Inc.), its assigns
and successors (the “Company”), and Roy Meadows, an individual, with an address of 207 Jasmine Lane, Longwood, Florida
32779, or his successors or assigns (the “Holder”), and which Note is now made between the Company and the Holder and
under which Two Hundred and Sixty-Three Thousand, Three Hundred and Twenty-One Dollars and Twenty-Seven Cents ($263,321.27 U.S.)
is owed by the Company to the Holder as of the Effective Date, including principal, interest and fees less conversions of debt
up to the Effective Date, per the terms and conditions of the Original Note and the 2014 Amended Note (the “2014 Amended
Note Remaining Unpaid Balance”). This Note is issued pursuant to exemptions from registration under the Securities Act of
1933 of the United States, as amended.

 

    	 

    	 

    

 

For value received under
the Original Note and the 2014 Amended Note, the Company, its assigns and successors, hereby promises to pay to the Holder, or
his successors or assigns, in immediately available funds, the total principal sum of the 2014 Amended Note Remaining Unpaid Balance
plus any and all additional Loan Advances (as hereinafter defined), not including accrued and unpaid interest and fees, which 2014
Amended Note Remaining Unpaid Balance and Loan Advances in total shall add up to One Million, Five Hundred Thousand Dollars ($1,500,000
U.S.), plus accrued and unpaid interest and fees in accordance with the terms of this Note. The principal hereof and any unpaid
accrued interest and fees thereon shall be due and payable upon demand by Holder in accordance with Section 1, below (unless such
payment date is accelerated as provided in Section 11 hereof). Payment of all amounts due hereunder shall be made at the address
of the Holder provided for in Section 13 hereof. Interest on the unpaid principal balance of this Note shall accrue from the date
funds have been advanced and shall continue to accrue until all unpaid principal and interest is paid in full. Interest shall be
calculated at the rate of twelve percent (12%) per annum.

 

This Note is free from
all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other
similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

1.                 
DEMAND LOAN. In addition to any amount due under the 2014 Amended Note Remaining Unpaid Balance that is part
of this Note, at such times as the Company and Holder shall agree in writing, and in amounts and for expenditures for which the
Company has submitted a prior written request to the Holder, who in his sole option and judgment may agree to provide the Company
with such additional funding, Holder, subject to funds availability, will loan the Company the principal sum of up to One Million,
Five Hundred Thousand Dollars ($1,500,000 U.S.), which sum shall include the 2014 Amended Note Remaining Unpaid Balance, for business
investment purposes or such other purposes as approved solely in the judgment of the Holder. Each such loan by the Holder to the
Company shall be referred to as a “Loan Advance”, and the total of all Loan Advances, will be recorded as made by the
Holder and entered on Exhibit A. Holder shall maintain appropriate documentation specific to each Loan Advance as made.
Company shall provide Holder with written documentation detailing the use of each Loan Advance to the Holder’s satisfaction,
in his sole judgment, prior to any submission of any subsequent request for a Loan Advance. Holder may demand repayment of all
amounts loaned to the Company through the date of its repayment request, plus interest, at any time upon thirty (30) days written
notice to the Company after one (1) year from the Effective Date (the “Maturity Date”). This Note does not obligate
the Holder to loan any money to the Company, but is meant to govern the terms of any money the Holder does loan the Company.

 

2.                 
PREPAYMENT. The Company may, at its option, at any time and from time to time,
prepay all or any part of the outstanding balance of this Note (the “Prepayment” or “Prepayments”) without
penalty or premium, provided that concurrently with each such Prepayment the Company shall pay accrued interest on the principal
first, if any, so prepaid to the date of such Prepayment. Prior to making such Prepayment(s) the Company is required to provide
the Holder with advance written notice of such intent to make such Prepayment(s) of not less than ten (10) business days (the “Prepayment
Advance Notice Period”) before such Prepayment(s). During the Advance Notice Period, the Holder, in its sole option and discretion,
may transfer or convert any or all of this Note, per the terms and conditions of the following

 

    	 

    	 

    

 

Sections 5 and 6, “Transferability”
and “Conversion of Promissory Note” respectively. The terms and conditions of this provision in no way alter or cancel
any of the rights of the Holder granted in any other provision within this Note.

 

3.                 
Renewal. 

(a)The Company
may renew this Note upon not less than thirty (30) days advance written notice to the Holder prior to the Maturity Date, wherein
the granting of such renewal shall be at the sole option and discretion of the Holder (the “Renewal”). The Company
shall pay the Holder a “Renewal Fee” on the date of such renewal (the “Renewal Date”), of ten percent (10%)
of the stated outstanding balance of the Note including principal, interest, accrued fees and penalties, through the Renewal Date.
Holder, at its sole option and discretion, may allow the Company, or its successors or assigns, to add the Renewal Fee to the outstanding
and unpaid balance of this Note of principal and interest, fees and penalties, wherein the amount of such Renewal Fee, as carried
forward unpaid, shall be added directly to the outstanding principal, on which interest, fees and penalties is calculated and accrued.

 

(b)In order to
effect the renewal of this Note, Holder may, at his sole option, require the Company to pay any Renewal Fee on any Maturity Date
or extension thereof in cash, which cash payment shall be paid within three (3) business days of any Maturity Date or extension
thereof. Should the Company renew this Note upon not less than thirty (30) days advance written notice to the Holder prior to the
Maturity Date and fail to make said payment as a condition of said renewal, this Note shall become immediately in Default and any
and all default provisions shall apply (Cf. Section 12).

 

(c)In addition
to the Renewal Fee, wherein the Holder has granted the Company a Renewal, each such Renewal shall cause the Company to issue the
Holder Common Stock Purchase Warrants (“Warrants”) within ten (10) business days of the date of the Renewal as authorized
by the Holder in writing. The quantity of Warrants issued per Renewal, shall be equal to the amount of the Renewal Fee per Renewal
divided by the “Conversion Price”, as calculated per section 6 (a) of the Note, “Conversion of Promissory Note.
(a) Conversion Rights, Conversion Dates, Conversion Price”, as of the date of the Renewal. The “Exercise Price”
of each such issuance of Warrants shall be the same as the “Conversion Price” of the common stock as stated in section
6 (a) of the Note, “Conversion of Promissory Note. (a) Conversion Rights, Conversion Dates, Conversion Price”. Each
such Warrant shall expire five (5) years from its date of issuance, exercisable, in whole or in part, on a cashless basis at the
sole option of the Holder. All of the shares issuable upon the exercise of the rights represented by the Warrant will, upon issuance
and receipt of the Exercise Price, be fully paid and nonassessable, and free from all taxes, liens and charges with respect to
the issue thereof. During the period within which the rights represented by the Warrant may be exercised, the Company shall at
all times have authorized and reserved for issuance sufficient shares of its common stock to provide for the exercise of the rights
represented by the Warrant. The Warrant shall also contain terms and conditions customary to common stock purchase warrants, which
shall be to the satisfaction of the Holder, including, but not limited to, piggyback and priority registration rights of the Holder.

  

    	 

    	 

    

 

(d)Should the Holder
refuse to renew this Note, or should the Company fail to request a Renewal upon not less than thirty (30) days advance written
notice to the Holder, the outstanding balance of the Note, including principal, accrued and unpaid interest and fees, shall be
due and payable on its Maturity Date to the Holder. Should the Company not make payment in full of the outstanding balance of the
Note by the Maturity Date, said non-payment shall constitute an event of default per Section 12, “Default”, and the
Company shall pay the Holder a penalty, in addition to applicable continuing interest due calculated based on the Default Interest
Rate (Cf. Section 11, “(f)”), (the “Default Interest”), of five hundred dollars ($500.00 U.S.) per calendar
day following the Maturity Date plus Default Interest on said five hundred dollars ($500.00 U.S.) per calendar day, until such
time as the Note, including all principal, accrued and unpaid interest including Default interest, fees and penalties, and any
and all costs of collection of any outstanding unpaid balance of the Note (including, but not limited to, attorney’s fees
and related costs), are paid in full.

 

4.                 
Approval of CORPORATE Changes AND CHANGES IN SHARE STRUCTURE.
Until this Note is paid in full, including all outstanding loan amounts, interest, and fees and penalties
(if any), or converted (see Section 6 below), the Company must have written advance approval from the Holder before (i) amending
its Articles of Incorporation or Bylaws, or changing its place of domicile, (ii) initiating or making any changes in its capital
stock structure in form or content, including, but not limited to, changes in its type/class and quantity of authorized shares
or changes in any class of shares designations or preferences, (iii) increases for any reason in its total number of shares of
any class that are issued and outstanding, (iv) any issuance of shares in connection with a merger or acquisition, (v) the authorization
of additional stock classes, or the rescinding of any stock classes, (vi) issuing any stock grants to any employee or consultant
for any reason or issuing any employee stock options, including the adoption of any employee stock option plan(s), (vii) issuing
any common or preferred stock purchase warrants or options for any reason, including any connected or related to any funding agreements
for the benefit of the Company, (viii) issuing, selling, transferring, or pledging, any of its capital stock, (ix) executing any
form of debt instrument or loan with any third party in any amount, including, but not limited to, convertible debentures or convertible
promissory notes, (x) engaging in any funding mechanism with any third party which involves the simultaneous or future issuance
of capital stock or warrants or option, including any “504” or similar capital formation subscription agreements, and
(xi) instituting any capital stock forward or reverse split. (The “Changes in Capital Stock Structure”) Failure to
obtain such written approval of the Holder for any reason on the above shall constitute a Event of Default (as hereinafter defined).

 

5.                 
TRANSFERABILITY. This Note shall not be transferred, pledged, hypothecated,
or assigned by the Company without the express written consent of the Holder. In the event any third party acquires a controlling
interest in the Company or acquires substantially all of the assets of the Company (a “Reorganization Event”), this
Note will survive and become an obligation of the party that acquires such controlling interest or assets. In the event of a Reorganization
Event the Company agrees to make the party that acquires such controlling interest or assets, aware of the terms of this Section
and this Note. This Note may be transferred, pledged, hypothecated, or assigned by the Holder in its sole option and discretion,
the “Transfer”, and all rights to the Conversion of this Note (as hereinafter defined), shall likewise be transferred,
pledged, hypothecated, or assigned by the Holder in its sole option and discretion upon such Transfer.

 

    	 

    	 

    

 

6.CONVERSION OF PROMISSORY
NOTE.

(a)        Conversion
Rights; Conversion Dates; Conversion Price. At any time, the Holder, at his sole option, shall have the right to convert the
outstanding principal amount of this Note, or any portion of the principal amount hereof, and any accrued interest, in whole or
in part, into shares of the common stock of the Company or any of its subsidiaries (a “Conversion”). Any such Conversion
shall be first of principal, and then of interest outstanding n the Note. The Holder shall provide the Company with written notice
of any Conversion (the “Conversion Notice”) within five (5) business days of the date of Holder’s verbal or written
advice to the Company that the Holder executing said Conversion (the “Conversion Date”), in a form similar or identical
to Exhibit B attached hereto. The Company agrees to make any Conversion requested by the Holder within the terms and conditions
of the following Section 6 (b), “Method of Conversion”, and may not refuse, delay or fail to immediately effectuate
such Conversion. The Board of Directors of the Company agrees in advance to any such Conversion, as evidenced by the “Unanimous
Consent of the Board of Directors” of the Company attached hereto as Annex 1, in whole or in part at any time by the
Holder until all outstanding principal and interest of this Note is paid in full, including any additional amounts due under Default
or an Event of Default. Failure on the part of the Company to effectuate any Conversion, in the Holder’s sole option and
discretion, shall be deemed a Default or Event of Default of this Note. Any amount so converted will be converted into common stock
at a conversion price per share which is which is the lesser of (i) $0.001 per share, or (ii) at an eighty percent (80%) discount
to the average of the five (5) lowest bid prices during the thirty (30) trading days prior to the date of the Conversion Notice
(the “Conversion Price”). Such shares of common stock to be issued from such Conversion shall be referred to herein
as the “Conversion Shares”.

 

(b)       Method
of Conversion. 

(i)       Notwithstanding
anything to the contrary set forth herein, upon Conversion of this Note in accordance with the terms hereof, the Holder shall not
be required to physically surrender this Note to the Company unless the entire unpaid principal and interest, fees and penalties
of this Note are so converted. Rather, records showing the amount of this Note converted (or otherwise repaid) and the date of
such conversion or repayment shall be maintained on a ledger substantially in the form of the attached Annex 2 attached
(a copy of which shall be delivered to the Company with each Conversion Notice). It is specifically contemplated that the Company’s
counsel shall act as the calculation agent for conversions and repayments. In the event of any dispute or discrepancies, such records
maintained by the Company shall be controlling and determinative in the absence of manifest error. The Holder and any assignee,
by acceptance of this Note, acknowledges and agrees that, by reason of the provisions of this paragraph, following a conversion
of a portion of this Note, the amount of indebtedness will be the amount specified on Annex 2, including principal, interest,
fees and penalties.

 

(ii)       The
Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery
of shares of common stock or other securities or property on conversion of this Note in a name other than that of the Holder (or
its street address), and the Company shall not be required to issue or deliver any such shares or other securities or property
unless and until the person or persons (other than the Holder or the custodian in whose street name such shares are to be held
for the Holder’s account) requesting the issuance thereof, shall have paid to the Company the amount of any such tax or shall
have established to the satisfaction of the Company that such tax has been paid.

 

    	 

    	 

    

 

(iii)       Upon
receipt by the Company of a Conversion Notice, the Holder shall be deemed to be the holder of record of the common stock issuable
upon such Conversion, the outstanding principal amount, the amount of accrued and unpaid interest, on this Note shall be reduced
to reflect such Conversion, and , unless the Company defaults in its obligations under this Section 6, all rights with respect
to the portion of this Note being so converted shall forthwith terminate except the right to receive the Conversion Shares or other
securities, cash or other assets, as herein provided, on such Conversion. If the Holder shall have given a Conversion Notice as
provided herein, the Company’s obligation to issue and deliver the certificates for the Conversion Shares shall be absolute
and unconditional, irrespective of the absence of any action by the Holder to enforce the same, any waiver or consent with respect
to any provision thereof, the recovery of any judgment against any person or any action by the Holder to enforce the same, any
failure or delay in the enforcement of any other obligation of the Company to the Holder of record, or any setoff, counterclaim,
recoupment, limitation, or termination, or any breach or alleged breach by the Holder of any obligation to the Company, and irrespective
of any other alleged breach by the Holder of any obligation to the Company, and irrespective of any other circumstance which might
otherwise limit such obligation of the Company to the Holder in connection with such Conversion.

 

(iv)       The
Conversion Shares are to be issued by the Company’s transfer agent via express courier to the Holder within five (5) business
days from the Company’s receipt of the Conversion Notice (the “Delivery Date”). Upon receipt of the Conversion
Notice, the Company will immediately issue an instruction letter with all supporting documentation, as required by law, to facilitate
the issuance of the Conversion Shares by the Delivery Date. The Company will bear all costs related to the issuance of the Conversion
Shares, including all costs of obtaining an attorney’s opinion letter regarding the Conversion, and the overnight delivery
of the Conversion Shares, and shall maintain adequate authorized capital stock, in type and quantity, at all times until this Note
is paid in full to, or fully converted by, the Holder, in order to facilitate the terms and conditions of this Section 6. Any failure
of the Company to comply with the provisions of this paragraph shall be deemed by the Holder an Event of Default under this Note.

 

(v)       All
Conversion Shares to be issued are to be fully-paid, non-assessable, and lawfully issued by the Company. The Conversion Shares
are to be freely transferrable on the books and records of the Company as and to the extent provided in this Note and applicable
law.

 

(vi)        The
Company understands that a delay in the delivery of the Conversion Shares upon proper conversion of this Note beyond the Delivery
Date could result in economic loss to the Holder. If in the sole judgment of the Holder the Company intentionally fails to deliver
to the Holder the Conversion Shares by the Delivery Date (except where such failure is a result of an improper conversion notice
due to Holder’s good faith conversion notice error or a breach of contract by the Holder in either case the Company shall
notify the Holder of any issues in honoring a conversion via email within 6 business hours of receiving a conversion notice via
email), the Company shall pay to the Holder, in cash, an amount per Trading Day for each Trading Day until such certificates are
delivered, starting with Delivery Date, together with

 

    	 

    	 

    

 

interest on such amount at a rate of twelve
percent (12%) per annum, accruing until such amount and any accrued interest thereon is paid in full, equal to $500 per day (which
amount shall be paid as liquidated damages and not as a penalty). Nothing herein shall limit the Holder’s right to pursue
actual damages for the Company’s failure to deliver any Conversion Shares upon conversion within the period specified herein
and the Holder shall have the right to pursue all remedies available to it at law or in equity (including, without limitation,
a decree of specific performance and/or injunctive relief). Notwithstanding anything to the contrary contained herein, the Holder
shall be entitled to withdraw a Conversion Notice, and upon such withdrawal the Company shall only be obligated to pay the liquidated
damages accrued through the date the Conversion Notice is withdrawn. “Trading Day” shall mean any day on which the
Common Stock is traded for any period on the OTC or on any principal securities exchange or other securities market on which the
Common Stock is then being traded. If the Issuer’s Common stock is chilled for deposit at the Depository Trust and Clearing
Company (a “Deposit Chill”) and/or becomes chilled at any point while this Agreement remains outstanding, an additional
ten percent (10%) discount will be attributed to the Conversion Price defined hereof provided, however, that the Holder, in its
sold judgment, decides such Deposit Chill is not an Event of Default (Cf. Section 11). If the Company is unable to issue any shares
under this provision due to the fact that there is an insufficient number of authorized and unissued shares available, the Holder
promises not to force the Company to issue these shares or trigger an Event of Default, provided that the Company takes immediate
steps required to get the appropriate level of approval from shareholders or the board of directors, where applicable to raise
the number of authorized shares to satisfy the Notice of Conversion; failure to complete such an increase in authorized shares
within fifteen calendar days, in the Holder’s sole judgment, may be deemed an Event of Default.

 

(vii)       In
addition to any other rights available to the Holder, if the Company intentionally fails to cause its transfer agent to transmit
to the Holder any of the Conversion Shares issuable upon conversion of this Note on or before the Delivery Date (except where such
failure is a result of an improper conversion notice due to Holder’s good faith conversion notice error or a breach of contract
by the Holder in either case the Company shall notify the Holder of any issues in honoring a conversion via email within 6 business
hours of receiving a conversion notice via email), and if after such date the Holder is required by its broker to purchase (in
an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by the Holder of the shares
of Common Stock issuable upon conversion of this Note which the Holder anticipated receiving upon such conversion (a “Buy-In”),
then the Company shall (1) pay in cash to the Holder the amount by which (x) the Holder’s total purchase price (including
brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying (A) the
number of shares of Common Stock issuable upon conversion of this Note that the Company was required to deliver to the Holder in
connection with the conversion at issue times (B) the price at which the sell order giving rise to such purchase obligation was
executed, and (2) at the option of the Holder, either reinstate the portion of the Note and equivalent number of shares of Common
Stock for which such conversion was not honored or deliver to the Holder the number of shares of Common Stock that would have been
issued had the Company timely complied with its conversion and delivery obligations hereunder. For example, if the Holder purchases
Common

 

    	 

    	 

    

 

Stock having a total purchase price of $11,000
to cover a Buy-In with respect to an attempted conversion of shares of Common Stock with an aggregate sale price giving rise to
such purchase obligation of $10,000, under clause (1) of the immediately preceding sentence the Company shall be required to pay
the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect
of the Buy-In, together with applicable confirmations and other evidence reasonably requested by the Company. Nothing herein shall
limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation,
a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver any Conversion
Shares upon conversion of this Note as required pursuant to the terms hereof.

 

(viii)       In
case at any time or from time to time after the Effective Date, the Company undergoes any “Change in Capital Stock Structure”,
pursuant to the preceding Section 4, which has the effect of diluting in any way the number of Conversion Shares that may be issued
hereunder, the total number of Conversion Shares that my be issued under this Note shall be adjusted upward in direct proportion
to the number of shares of the Company’s capital stock issued and outstanding on a fully diluted basis, including, but not
limited to, any adjustment for the number of shares of common stock of the Company which may be issued from an issuance of preferred
stock. If at any time, the Company, its successors or assigns, implements any capital stock reverse split, such reverse split shall
have no effect on reducing the number of Conversion Shares that may be issued under this Note, which may not become less.

 

7.                 
PRE-EMPTIVE RIGHT/ANTIDILUTION. The Conversion Shares of the Company
shall be covered by a pre-emptive right (the “Pre-emptive Right”) wherein the percentage ownership of the Conversion
Shares as calculated as a percentage from the Effective Date may not be diluted in any way by any action or issuance of the Company
as long as the Holder, his successors or assigns, retains a right to title to them. At the time of issuance of the Conversion Shares,
the Company will take all actions necessary and appropriate, including, but not limited to, amendment of its corporate charter,
to assure the written issuance of this Pre-emptive Right covering the Conversion Shares, and the subsequent issuance of additional
common stock of the Company which would sustain the Holder’s, his successor’s, or assign’s, percentage ownership
of the Company as represented by the Conversion Shares.

 

8.                 
CONVERSION LIMITATION. Notwithstanding Section 6 above, neither the Holder nor
the Company may convert any outstanding amounts due under this Note if at the time of such conversion the amount of common stock
issued for the conversion, when added to other shares of Company common stock owned by the Holder or which can be acquired by Holder
upon exercise or conversion of any other instrument, would cause the Holder to own more than nine and ninety-nine tenths percent
(9.99%) of the Company’s outstanding common stock (the “Ownership Limitation”), which Ownership Limitation shall
be reduced to four and ninety-nine-tenths percent (4.99%) of the Company’s outstanding common stock should the Company become
a Reporting Company as defined as an issuer with a class of securities registered under Section 12 or subject to Section 15(d)
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which is subject to the periodic and current
reporting requirements of Section 13 or 15(d) of the Securities Exchange Act and is thereinafter referred to as a SEC “Reporting
Company.” The restriction described in this paragraph may be revoked upon sixty-one (61) days prior notice from Holder to
the Company.

 

    	 

    	 

    

 

9.                 
CONVERSION PRICE ADJUSTMENTS. In the event the Company should at any time after
the date hereof do either of the following: i) fix a record date for the effectuation of a split or subdivision of the outstanding
common stock of the Company, or ii) grant the holders of the Company’s common stock a dividend or other distribution payable
in additional shares of common stock without the payment of any consideration by such holder for the additional shares of common
stock (“Stock Adjustment”), then, as of the record date (or the date of such Stock Adjustment if no record date is
fixed), the conversion price of this Note shall be appropriately adjusted so that the number of shares of common stock issuable
upon conversion of this Note shall be adjusted in proportion to such change in the number of outstanding shares in order to insure
such Stock Adjustment does not decrease the conversion value of this Note.

 

10.             
EQUITY BONUS OF COMMON STOCK PURCHASE WARRANT. From the “Effective Date”
of the 2014 Amended & Restated Note, July 17, 2014, until the end of time, the Company without any further action on the part
of the Holder shall issue to the Holder within ten (10) business days of the date of each Loan Advance as listed on Exhibit
A, unless such issuance is delayed by the Holder by written notice to the Company (a “Deferral”), a Common Stock
Purchase Warrant (the “Warrant”, or if more than one, collectively, the “Warrants”), dated as of the date
of the Loan Advance(s). Each such Warrant shall be for five million (5,000,000) shares of common stock of the Company per one hundred
thousand dollars ($100,000) of Loan Advance(s) made by the Holder to the Company, expiring five (5) years from its date of issuance,
exercisable, in whole or in part, on a cashless basis at the sole option of the Holder, at the lesser of (i) $0.005 per share,
or (ii) at an eighty percent (80%) discount to the average of the five (5) lowest bid prices during the thirty (30) trading days
prior to the date of exercise of the Warrant, in whole or in part (the “Exercise Price”). All of the shares issuable
upon the exercise of the rights represented by the Warrant will, upon issuance and receipt of the Exercise Price, be fully paid
and nonassessable, and free from all taxes, liens and charges with respect to the issue thereof. From the date of any Loan Advance
for which a Warrant shall be issued through the period within which the rights represented by the Warrant may be exercised, the
Company shall at all times have authorized and reserved for issuance sufficient shares of its common stock to provide for the exercise
of the rights represented by the Warrant. The Warrant shall also contain terms and conditions customary to common stock purchase
warrants, which shall be to the satisfaction of the Holder, including, but not limited to, piggyback and priority registration
rights of the Holder. Any Deferral by the Holder shall be at the Holder’s sole option, wherein the Holder may combine the
quantity of shares issuable under said Warrant with the quantity of shares issuable under one or more other Warrants to be issued
(a “Warrant Accrual”). Under no circumstance shall any Deferral be considered by the Company a waiver of any rights
of the Holder to receive any Warrant per the terms and conditions of this Note and this Section. The Company agrees to issue any
Warrant totaling any Warrant Accrual within ten (10) business days of the date of written notice from the Holder requesting such
issuance.

 

11.             
Security.  At
the sole option of the Holder and at any time from the Effective Date until the outstanding balance of this Note, including all
principal, accrued and unpaid interest including Default interest, fees and penalties, and any and all costs of collection of any
outstanding unpaid balance of the Note (including, but not limited to, attorney’s fees and related costs), are paid in full,
this Note may be secured in an amount equal to the Principal and Interest due by the Maturity Date by “(a)” or “(b)”,
or both “(a)” and “(b)” that follow (the “Securitizations”):

 

    	 

    	 

    

 

(a)        The
filing of a UCC-1 Financing Statement by the Holder against all assets of the Company (the “Collateral”). (The “UCC-1
Filing”) The Company agrees to have its attorney prepare such UCC-1 Filing, which shall be reviewed in form and content by
the Holder prior to the Company having it filed in the appropriate venue. The Company agrees to pay all fees, including attorney
and paralegal fees and expenses, connected with the UCC-1 Filing, and will provide the Holder with proof of the UCC-1 Filing, to
its sole satisfaction, within fifteen (15) business days of the signing of this Note. For the duration of this Note, the Company
shall be responsible for updating the UCC-1 Filing as required by law, but not less than every six (6) months, and for filing any
and all such continuation statements with the appropriate authorities. The Company understands that it may not use the Collateral
to secure any additional agreements, security or otherwise, and that any release of any or all of the Collateral for securing other
agreements is at the sole option of the Holder. Company acknowledges that the Holder has first priority in payment of this Note
over any and all other creditors, whether in cash or seizure of Collateral, and as such this Note cannot be subordinated to any
other debt, or financing instrument without the express written consent of the Holder. Failure by the Company to adhere to the
preceding provisions of this paragraph shall be an Event of Default of this Note, and any and all obligations of the Holder to
the Company, including those obligations for subsequent Loan Advances, in the Holder’s sole discretion and judgment, will
cease.

 

(b)       Per
attached Annex 4, a “Guaranty and Security Agreement” which shall include, but not be limited to, the aforementioned
UCC-1 Financing Statement, plus a personal “guaranty” between the Holder and the principal control persons and/or majority
shareholder(s) of the Company in which such “guarantor” guarantees payment in full of the Note in the event of Default.

 

(c)       Should
the Company or its control persons and/or majority shareholder(s) fail within five (5) business days, to execute any and all documents
connected to or related to any Securitization required by the Holder, this Note shall be immediately in Default (Cf. Section 11),
whether or not the Holder provides written notice thereof to the Company and/or its control persons and/or majority shareholder(s);
and any and all provisions of the Section “Default” shall immediately be in effect, until such time as the Holder,
in his sole judgment, advises the Company in writing, and/or its control persons and/or majority shareholder(s), that said Default
has been cured.

 

12.             
DEFAULT. The occurrence of any one of the following events shall constitute
a Default or an Event of Default:

 

(a)       The
non-payment, when due, of any principal or interest pursuant to this Note;

 

(b)       The
material breach of any representation or warranty in this Note or any document connected thereto, or the terms and conditions of
any Section of this Note, including, but not limited to, Section 4, Section 6 or Section 10. In the event the Holder becomes aware
of a breach of this Section 11(b), the absolute determination of the existence of such breach being in the sole judgment of the
Holder, the Holder shall notify the Company in writing of such breach and the Company shall have five business days after notice
to cure such breach;

 

    	 

    	 

    

 

(c)       The
breach of any covenant or undertaking, not otherwise provided for in this Section 11, or any failure on the part of the Company
to fulfill its obligations under Section 25, “Further Assurances”, or to any failure on the part of the Company, its
officers, directors and majority shareholders to execute any documents connected or related to the protection of the interests
of the Holder as stated or implied under this Note;

 

(d)       The
commencement by the Company of any voluntary proceeding under any bankruptcy, reorganization, arrangement, insolvency, readjustment
of debt, receivership, dissolution, or liquidation law or statute of any jurisdiction, whether now or hereafter in effect; or the
adjudication of the Company as insolvent or bankrupt by a decree of a court of competent jurisdiction; or the petition or application
by the Company for, acquiescence in, or consent by the Company to, the appointment of any receiver or trustee for the Company or
for all or a substantial part of the property of the Company; or the assignment by the Company for the benefit of creditors; or
the written admission of the Company of its inability to pay its debts as they mature; or

 

(e)       The
commencement against the Company of any proceeding relating to the Company under any bankruptcy, reorganization, arrangement, insolvency,
adjustment of debt, receivership, dissolution or liquidation law or statute of any jurisdiction, whether now or hereafter in effect,
provided, however, that the commencement of such a proceeding shall not constitute an Event of Default unless the Company consents
to the same or admits in writing the material allegations of same, or said proceeding shall remain undismissed for 20 days; or
the issuance of any order, judgment or decree for the appointment of a receiver or trustee for the Company or for all or a substantial
part of the property of the Company, which order, judgment or decree remains undismissed for 20 days; or a warrant of attachment,
execution, or similar process shall be issued against any substantial part of the property of the Company; or

 

(f) If applicable and at the sole opinion of
the Holder, the failure of the Company to obtain and maintain a “Current Information” rating on OTCMarkets.com on a
contiguous basis at all times until this Note is paid in full.

 

(g) From and after the commencement of trading,
listing or quotation of the Company’s common stock on the OTC or any principal securities exchange (its “Principal
Market”), provided that the Company has not been acquired by another entity, an event resulting in its common stock no longer
being traded, listed or quoted on its Principal Market, any failure to comply with the requirements for continued quotation on
its Principal Market; or notification from the Principal Market that the Company is not in compliance with the conditions for such
continued quotation and such non-compliance continues for ten (10) trading days following such notification.

 

(h) If the Company’s common stock is
chilled for deposit at the Depository Trust and Clearing Corporation (a “Deposit Chill”) at any time while this Note
remains outstanding and there is any outstanding balance remaining unpaid on this Note including principal, interest, fees and
penalties.

 

(i) Any cessation of the operations of the
Company.

 

    	 

    	 

    

 

Upon the occurrence of any Default or Event
of Default, the Holder, may, by written notice to the Company, declare all or any portion of the unpaid principal amount due to
Holder, together with all accrued interest, fees and penalties thereon, immediately due and payable (the thirty (30) day notice
period in Section 1, above, will not be applicable in the case of an Event of Default), in which event it shall immediately be
and become due and payable; provided that upon the occurrence of an Event of Default as set forth in paragraph (d) or paragraph
(e) hereof, all or any portion of the unpaid principal amount due to Holder, together with all accrued interest, fees and penalties
thereon, shall immediately become due and payable without any such notice.

 

In the event that Holder at its sole discretion
elects to allow the Company to continue with repayment of the principal, interest, fees and penalties on this Note after an Event
of Default, the interest rate on the unpaid principal of this Note will change to the maximum of (i) twenty-five percent (25%),
or (ii) the highest interest rate allowable under Florida law for loans of this amount and type (the “Default Interest Rate”).
In the even of any changes under Florida law relating to the increases or decreases of allowable interest rates, this Note will
be changed to the highest amount allowable under Florida law without notification or further ratification. As of the date of Default
or any Event of Default, assuming the Holder allows reinstatement or continuation of this Note, the Default Interest Rate shall
become the new rate of interest on this Note retroactive to the Effective Date of the making of the Note.

 

Any payments that the Holder allows under this
section shall be made through a wire transfer of funds or Certified Check.

 

Upon the occurrence of
any Default or Event of Default, the Holder at its sole discretion may elect to immediately, or at any time, convert the outstanding
principal amount of this Note, or any portion of the principal amount hereof, and any accrued interest, fees or penalties, in whole
or in part, into shares of the common stock of the Company. Any amount so converted upon the occurrence of any Default or Event
of Default will be converted into common stock at a conversion price which is fifty percent (50%) lower than the Conversion Price
specified in Section 6, “Conversion of Promissory Note”, subsection (a), “Conversion Rights; Conversion Dates;
Conversion Price.”

 

 

13.             
Filings.
 The Company shall make in a timely manner all necessary Securities and Exchange Commission
(“SEC”) and State “Blue Sky” filings required to be made by the Company in connection with this Note as
required by all applicable laws, and shall provide a copy thereof to the Holder promptly after such filing. If applicable, the
Company agrees to post all information required by Pink OTC Markets, Inc. (“Pink Sheets”) on a contiguous basis in
order to obtain a Pink Sheets’ rating acceptable to the Holder in its sole discretion, which said rating shall be continuous
without lapse or downgrade, as a condition of this Note. Failure to comply with the provisions of this paragraph shall constitute
an Event of Default of this Note.

 

14.             
NOTICES. Notices to be given hereunder shall be in writing and shall be deemed
to have been sufficiently given if delivered personally or sent by overnight courier, or by facsimile or other electronic transmission
(e.g., email), return receipt/or confirmation of receipt requested. Notice shall be deemed to have been received on the date and
time of personal or overnight delivery or facsimile transmission, if received during normal business hours of the recipient; if
not, then on the next business day.

 

    	 

    	 

    

 

 

Notices to the Company
shall be sent to: Totally Hemp Crazy Inc.

 

703 McKinney Ave

Suite 306

Dallas, TX 75202

ATTN: President

 

Notices to the Holder shall be sent to:Roy
Meadows

207 Jasmine Lane

Longwood, FL 32779

Facsimile No.: (407) 875-0123

 

15.             
REPRESENTATIONS AND WARRANTIES. The Company hereby makes the following representations
and warranties to the Holder:

 

(a)       Organization,
Good Standing and Power. The Company is a corporation duly incorporated, validly existing and in good standing under the laws
of the State of Nevada and has the requisite corporate power to own, lease and operate its properties and assets and to conduct
its business as it is now being conducted.

 

(b)       Authorization;
Enforcement. The Company has the requisite corporate power and authority to enter into and perform this Note and to issue and
sell this Note. The execution, delivery and performance of this Note by the Company, and the consummation by it of the Transactions
contemplated hereby, have been duly and validly authorized by all necessary corporate action. This Note, when executed and delivered,
will constitute a valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except
as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation, conservatorship,
receivership or similar laws relating to, or affecting generally the enforcement of, creditor’s rights and remedies or by
other equitable principles of general application.

 

(c)       Disclosure.
Neither this Note nor any other document, certificate or instrument furnished to the Holder by or on behalf of the Company in connection
with the transactions contemplated by this Note contains any untrue statement of a material fact or omits to state a material fact
necessary in order to make the statements made herein or therein, in the light of the circumstances under which they were made
herein or therein, not misleading.

 

(d)       Non-contravention.
The execution and delivery by the Company of this Note and the issuance of the securities, and the consummation by the Company
of the other transactions contemplated hereby and thereby, do not and will not conflict with or result in a breach by the Company
of any of the terms or provisions of, or constitute a default (or an event which, with notice, lapse of time or both, would constitute
a default) under(i) the Articles of Incorporation nor Bylaws of the Company or its subsidiaries or (ii) any indenture, mortgage,
deed or trust or other material agreement or instrument to which the Company or its subsidiaries is a party or by which its properties
or assets are bound, or any law, rule, regulation, decree, judgment or order of any court or public or governmental authorities
having jurisdiction over the Company or its subsidiaries or any of the Company’s or its subsidiaries’ properties or
assets,

 

    	 

    	 

    

 

except as to (ii) above such conflict, breach
or default which would not have a Material Adverse Effect defined as “any change in or effect on the business of the Company
that, individually or in the aggregate (taking into account al other such changes or effects), is, or is reasonably likely to be,
materially adverse to the business, assets, liabilities, financial condition or results of operations of the Company, taken as
a whole, except to the extent any such change or effect results from or is attributable to changes in general economic conditions
or changes affecting the industry generally in which the Company operates (provided that such changes do not affect the Company
in a materially disproportionate manner).”

 

(e)        Absence
of Certain Changes.  In the past three (3) months prior to the Effective Date, no change, event or development has occurred
in the business, financial condition, prospects or results of operations of the Company, and there has not existed any condition
having or reasonably likely to have a Material Adverse Effect.

 

(f)       Full
Disclosure. There is no fact known to the Company (other than general economic or industry conditions known to the public generally)
that has not been fully disclosed in writing to the Holder that (i) reasonably could be expected to have a Material Adverse Effect
or (ii) reasonably could be expected to materially and adversely affect the ability of the Company to perform its obligations pursuant
to this Note.

 

(g)       Absence
of Litigation. There is no action, suit, claim, proceeding, inquiry or investigation pending or, to the Company’s knowledge,
threatened by or before any court or public or governmental authority which, if determined adversely to the Company or any of is
subsidiaries, would have a Material Adverse Effect.

 

(h)       Absence
of Events of Default. No “Event of Default” (as defined in any agreement or instrument to which the Company or
any of its subsidiaries is a party) and no event which, with notice, lapse of time or both, would constitute an Event of Default
(as so defined), has occurred and is continuing, which could have a Material Adverse Effect.

 

(i)       Financial
Statements; No Undisclosed Liabilities. If requested by the Holder, the Company has delivered to the Holder true and complete
copies of its most recent balance sheet and the related statements of operations and cash flows including the related notes and
schedules thereto (collectively, the “Financial Statements”). At all times the Company shall provide the Holder with
access to the books and records of the Company on a timely basis, and failure to provide said access may be deemed by the Holder,
in his sole judgment, as an Event of Default (Cf. Section 11).

 

(j)       Shareholder,
DTC-NOBO Lists. If requested by the Holder, the Company shall deliver to the Holder upon his demand and within a timeframe
defined by the Holder, true and complete copies of its most recent Shareholder List and/or its most recent DTC and NOBO List. Failure
by the Company to comply with the conditions of this subsection 14 (j) shall be a default of this Note.

 

    	 

    	 

    

 

(k)       Compliance
with Laws; Permits. The Company is in compliance with all laws, rules, regulations, codes, ordinances and statutes (collectively,
“Laws”) applicable to it or to the conduct of its business, except for such non-compliance which would not have a Material
Adverse Effect. The Company possesses all permits, approvals, authorizations, licenses, certificates and necessary to conduct its
business, except for those the absence of which would not have a Material Adverse Effect.

 

(l)       Insurance.
The Company shall maintain property and casualty, general liability workers compensation, environmental hazard, personal injury
and other similar types of insurance with financially sound and reputable insurers that is adequate, consistent with industry standards
and the Company’s historical claims and the Company is not threatened by any insurer (that has issued any insurance policy
to the Company) that such insurer intends to deny coverage under or cancel, discontinue or not renew any insurance policy presently
in force.

 

(m)       Tax
Liabilities.  No Claim has been made by any taxing authority in any jurisdiction that the Company does or does not file tax
returns or that the Company is or might be subject to taxation by that jurisdiction. There are no foreign, federal, state or local
tax audits or administrative or judicial proceedings pending or being conducted with respect to the Company; no information related
to tax matters has been requested by any foreign, federal state or local taxing authority; and, except as disclosed above, no written
notice indicating an intent to open an audit or other review has been received by the Company form any foreign, federal, state
or local taxing authority. There are no material unresolved questions or claims concerning the Company’s tax liability. The
Company has not executed or entered into a closing agreement pursuant to section 712 of the Internal Revenue Code or any predecessor
provision thereof or any similar provision of state, local or foreign law and has not agreed nor is required to make any adjustments,
pursuant to section 481(a) of the Internal Revenue Code or any similar provision of state, local or foreign law by reason of a
change in accounting method initiated by the Company. The Company does not have any knowledge that the IRS has proposed any such
adjustment or change in accounting method, or has any application pending with any taxing authority requesting permission for any
changes in accounting methods that relate to the business or operations of the Company. The Company has not been a United States
real property holding corporation within the meaning of section 897 (c) (2) of the Internal Revenue Code during the applicable
period specified in section 897 (c)(1)(A)(ii) of the Internal Revenue Code.

 

16.             
REPRESENTATIONS AND WARRANTIES OF THE HOLDER. The Holder hereby represents and
warrants to the Company that:

 

(a)       the
Holder is an “accredited investor” within the meaning of Rule 501 (a)(1)-(4),(7) and/or (8) under the Securities Act
and the securities to be acquired by it upon Conversion of the Note (the “Securities”) will be acquired for its own
account and, as of the date hereof, not with a view toward, or for sale in connection with, any distribution thereof except in
compliance with applicable United States federal and state securities law; provided that the disposition of the Holder’s
property shall at all times be and remain within its control;

 

(b)       the
Holder represents that (i) he is not in fact acting only as agent for another Holder (ii) that he is not a financial institution
or other institutional investor, and (iii) he is acting for his own account or as a bona fide trustee for a trust organized and
existing other than for the purpose of acquiring the Securities;

 

    	 

    	 

    

 

(c)       if
the Holder is a corporation or a partnership, the execution, delivery and performance of this Note and the acquisition of the Securities
pursuant hereto are within the Holder’s corporate or partnership powers, as applicable, and have been duly and validly authorized
by all requisite corporate or partnership actions;

 

(d)       this
Note has been duly executed and delivered by the Holder;

 

(e)       the
execution and delivery by the Holder of this Note does not, and the consummation of the transactions contemplated hereby and thereby
will not, contraverse or constitute a default under or violation of (i) any provision of applicable law or regulation, or (ii)
any agreement, judgment, injunction, order, decree or other instrument binding upon such Holder;

 

(f)       such
Holder understands that this Note has not been registered under the Securities Act, or qualified under the securities law of any
state, on he grounds, among others, that no distribution or public offering of the Securities is to be effected and the Securities
will be issued by the Company in connection with a transaction that does not involve any public offering within the meaning the
Act, and under any applicable state blue sky authority. The Holder understands that the Company is relying in part on the Holder’s
representations as set forth herein for purposes of claiming such exemptions and that the basis for such exemptions may not be
present if, notwithstanding the Holder’s representations, the Holder has in mind merely acquiring the Securities for resale
on the occurrence or nonoccurrence of some predetermined event. The Holder has no such present intention;

 

(g)       this
Note constitutes a valid and binding agreement of the Holder enforceable in accordance with its terms, subject to (i) applicable
bankruptcy, insolvency or similar laws affecting the enforceability of creditors rights generally and (ii) equitable principles
of general applicability;

 

(h)       the
Holder has such knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risks
of its investment in the Securities and the Holder is capable of bearing the economic risks of such investment;

 

(i)       the
Holder is knowledgeable, sophisticated and experienced in business and financial matters; the Holder has previously invested in
securities similar to the Securities and fully understands the limitations on transfer described herein; the Holder has been afforded
access to information about the Company and the financial condition, results of operations, property, management and prospects
of the Company sufficient to enable it to evaluate its investment in the Securities; the Holder has been afforded the opportunity
to ask such questions as it has deemed necessary of, and to receive answers from, representatives of the Company concerning the
terms and conditions of the offering of the Securities and the merits and the risks of investing in the Securities; and the Holder
has been afforded the opportunity to obtain such additional information which the Company possesses or can acquire that is necessary
to verify the accuracy and completeness of the information given to the Holder concerning the Company. The forgoing does not in
any way relieve the Company of its representations and other undertakings hereunder, and shall not limit any Holder’s ability
to rely thereon; and

 

    	 

    	 

    

 

(j)       no
part of the source of funds used by the Holder to acquire the Securities constitutes assets allocated to any separate account maintained
by the Holder in which any employee benefit plan (or its related trust) has any interest.

 

17.             
CONSENT TO JURISDICTION AND SERVICE OF PROCESS. The Company consents to the
jurisdiction of the courts of the State of Florida and of any state and federal court located in the County of Seminole, Florida.

 

18.             
GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF FLORIDA APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY THEREIN, WITHOUT
GIVING EFFECT TO THE RULES OR PRINCIPLES OF CONFLICTS OF LAW.

 

19.             
ATTORNEYS FEES. In the event the Holder hereof shall refer this Note to an attorney
to enforce the terms hereof, the Company agrees to pay all the costs and expenses incurred in attempting or effecting the enforcement
of the Holder’s rights, whether or not suit is instituted, including reasonable attorney‘s and paralegals’ fees
and costs through and including all trial and appellate levels and post-judgment proceedings and enforcements.

 

20.             
CONFORMITY WITH LAW. It is the intention of the Company and of the Holder to
conform strictly to applicable usury and similar laws. Accordingly, notwithstanding anything to the contrary in this Note, it is
agreed that the aggregate of all charges which constitute interest under applicable usury and similar laws that are contracted
for, chargeable or receivable under or in respect of this Note, shall under no circumstances exceed the maximum amount of interest
permitted by such laws, and any excess, whether occasioned by acceleration or maturity of this Note or otherwise, shall be canceled
automatically, and if theretofore paid, shall be either refunded to the Company or credited on the principal amount of this Note.

 

21.             
Disputes/arbitration.
It is the intention of the Company and the Holder that before filing a lawsuit, all controversies, disputes and claims of any type
between the Holder and the Company connected to this Note, or the breach thereof, will be resolved by binding Arbitration per the
provisions of the Florida Arbitration Code, Chapter 682, Florida Statutes, except as otherwise provided herein (the “Arbitration”).
Such Arbitration shall be governed per the terms and conditions of Annex 3 attached hereto.

 

22.             
EFFECTIVEnESS OF Construction.
Wherever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable
law and in such a way as to, as closely as possible, achieve the intended economic effect of such provision and this Agreement
as a whole, but if any provision contained herein is, for any reason, held to be invalid, illegal or unenforceable in any respect,
such provision shall be ineffective to the extent, but only to the extent, of such invalidity, illegality or unenforceability without
invalidating the remainder of such provision or any other provisions hereof, unless such a construction would be unreasonable.

 

    	 

    	 

    

 

23.             
Waivers.
All waivers must be in writing by the Holder. Any waiver or failure to enforce any
provision of this Note on one occasion will not be deemed a waiver of any other provision or of such provision on any other occasion.

 

24.             
CAPTIONS;
NO STRICT CONSTRUCTION. All captions, headings, paragraph and subparagraph numbers
and letters are solely for reference purposes and shall not be deemed to be supplementing, limiting or otherwise varying the text
of this Note. The language used in this Note will be deemed to be the language chosen by the parties to express their mutual intent,
and no rules of strict construction will be applied against any party.

 

25.             
Counterparts.
This Note may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute
one instrument. The parties hereto agree that this Note, agreements ancillary to it, and related documents to be entered into in
connection with this Note will be considered signed when the signature of a party is delivered by facsimile transmission, or an
electronic copy of this Note is delivered bearing electronic signatures of the parties thereto. Such facsimile or electronic signature
shall be treated in all respects as having the same effect as an original signature. 

 

26.             
Further Assurances.
 The Company, its officers, directors and majority shareholders hereto shall cooperate
with one another at reasonable times and on reasonable conditions and shall promptly execute and deliver any and all instruments
and documents requested by the Holder as may be reasonably necessary in order to fully carry out the intent and purposes of this
Note as contemplated by the Holder at any time prior to full repayment of the principal, interest, fees and penalties due under
this Note.

 

27. 
 Authority to Bind.
A responsible officer of the Company has read and understands the contents of this
Note and is empowered and duly authorized on behalf of the Company and its Board of Directors to execute it, and bind the Company
to it.

 

28. 
REMEDIES. The Company acknowledges that a breach by it of its obligations hereunder
will cause irreparable harm to the Holder by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly,
the Company acknowledges that the remedy at law for a breach of its obligations under this Note will be inadequate and agrees,
in the event of a breach or threatened breach by the Company of the provisions of this Note, that the Holder shall be entitled,
in addition to all other available remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction
or injunctions restraining, preventing or curing any breach of this Note and to enforce specifically the terms and provisions hereof,
without the necessity of showing economic loss and without any bond or other security being required.

 

29. 
ACCESS TO TRANSFER AGENT. So long as any amount under this Note remains outstanding,
including principal, interest, fees or penalties, the Holder shall have the right to request from the transfer agent of the Company
the share structure of the Company, including, but not limited to, the amount of authorized common stock, the amount of common
stock issued and outstanding, the amount of unrestricted common stock, the amount of common stock deposited with Cede & Co.,
and the amount and classes of preferred stock (the “Share Structure). Within three (3) business days following the Effective
Date, the Company shall issue a written letter to its transfer agent duly authorizing the transfer agent, for as long as any amount
under

 

    	 

    	 

    

 

this Note remains outstanding, including principal,
interest, fees or penalties, to release in writing any and all information about the Company’s Share Structure to the Holder
within not more than one business day from any such written request from the Holder, his representatives, agents, affiliates, successors
or assigns (whether such request be by e-mail, text, fax or hardcopy letter). Any and all costs, if any, associated with the release
of such Share Structure information by the transfer agent to the Holder shall be at the expense of the Company.

 

IN WITNESS WHEREOF, the below parties
signed and sealed this Note as of the Effective Date.

 

“Company” “Holder”

 

TOTALLY HEMP CRAZY INC.ROY MEADOWS

a Nevada corporationan Individual

 

 

 

By:  /s/

Jerry Grisaffi, Secretary/Treasurer

 

 

By: /s/ 

Roy
Meadows

 

    	 

    	 

    

 

Exhibit
A

(Page 1)

Totally Hemp Crazy Inc.

Roy Meadows

 

Schedule of Loan Advances (Additional Sheets
may be Attached if Necessary) including amounts advanced under the Original Note and 2014 Amended & Restated Note.

 

	
        Date of Loan 

        Advance
	Amount of Loan Advance	Total of all Loan Advances Owed by Company (Excluding Interest and Fees)	Initials of Authorized Company Representative	Initials of Holder or Authorized Representative
	February 6, 2013	$25,000.00	$25,000.00	 	 
	March 5, 2013	10,000.00	35,000.00	 	 
	July 12, 2013	12,000.00	47,000.00	 	 
	November 8, 2013	10,000.00	57,000.00	 	 
	May 27, 2014	10,000.00	67,000.00	 	 
	June 26,2014	5,000.00	72,000.00	 	 
	July 7, 2014	50,000.00	122,000.00	 	 
	July 7, 2014	3,000.00	125,000.00	 	 
	July 31, 2014	   900.00	125,900.00	 	 
	September 2, 2014	7,500.00	133,400.00	 	 
	September 2, 2014	30,000.00	163,400.00	 	 
	October 17, 2014	10,000.00	173,400.00	 	 
	October 17, 2014	   450.00	173,850.00	 	 
	November 14, 2014	6,000.00	179,850.00	 	 
	November 26, 2014	12,000.00	191,850.00	 	 
	December 4, 2014	  487.50.00	
        192,337.50

         
	 	 
	December 15, 2014	18,000.00.00	210,337.50	 	 

 

 

Exhibit
A

(Page 2)

Totally Hemp Crazy Inc.

Roy Meadows

 

Schedule of Loan Advances (Additional Sheets
may be Attached if Necessary) including amounts advanced under the Original Note and 2014 Amended & Restated Note.

 

	
        Date of Loan 

        Advance
	Amount of Loan Advance	Total of all Loan Advances Owed by Company (Excluding Interest and Fees)	Initials of Authorized Company Representative	Initials of Holder or Authorized Representative
	Subtotal, Page 1	--	210,337.50	 	 
	December 22, 2014	20,000.00	230,337.50	 	 
	December 30, 2014	15,000.00	245,337.50	 	 
	January 5, 2015	
        656.25

         
	245,993.75	 	 
	January 5, 2015	
        900.00

         
	246,893.75	 	 
	January 5, 2015	15,000.00	
        261,893.75

         
	 	 
	January 12, 2015	5,000.00	266,893.75	 	 
	January 14, 2015	10,000.00	276,893.75	 	 
	February 2, 2015	     450.00	
        277,343.75

         
	 	 
	February 4, 2015	     450.00	
        277,793.75

         
	 	 
	February 9, 2015	     22,500.00	
        300,293.75

         
	 	 
	February 23, 2015	    12,000.00	312,293.75	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    

    

    

 

 

exhibit
B

 

CONVERSION NOTICE

 

To:Totally Hemp Crazy Inc.

 

The undersigned hereby irrevocably elects to
exercise the right, represented by that certain Amended & Restated Demand Convertible Promissory Note dated March 25, 2015
(the “Note”), a copy of which is attached hereto, to convert _________________in outstanding principal amount, and
________________ in accrued but unpaid interest on the Note into ______ shares of common stock (the “Shares”)
of Airborne Security & Protective Services, Inc. (the “Company”). The undersigned requests that certificates for
such Shares be issued in the following names and quantities:

 

 

Dated:  , 20___:

 

 

Roy Meadows:

 

By: 

 

    	 

    	 

    

 

ANNEX 1

(“Unanimous Board Consent”
to be attached)

 

    	 

    	 

    

 

ANNEX 2

List of Conversions

	Conversion Date	Price Per Share	Number of Shares	Amount Converted	Holder
	July 17, 2014	.001	24,000,000	$24,000.00	Meadows/Rayburn
	October 1, 2014	.001	14,000,000	14,000.00	Meadows
	December 18, 2014	.001	15,000,000	15,000.00	Meadows
	December 29,2014	.001	14,000,000	14,000.00	Rayburn
	January 26, 2015	.001	18,000,000	18,000.00	Meadows
	January 27, 2015	.001	13,240,710	13,240.71	Rayburn
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 

 

    	 

    	 

    

 

ANNEX
3

 

DISPUTES/ARBITRATION

 

Before filing a lawsuit,
all controversies, disputes and claims of any type between the Holder and the Company to this Agreement and including all matters
arising relating to this Note or the breach thereof will be resolved by binding Arbitration by the majority vote of a three-person
Arbitration Panel consisting of a Neutral Arbitrator and a Party Advocate Arbitrator appointed by each side according to the following
procedure:

 

(a)       Arbitration
will be governed by the provisions of the Florida Arbitration Code, Chapter 682, Florida Statutes, except as otherwise provided
herein;

 

(b)       The
party initiating Arbitration (“Claimant”) shall place an ad (the “Ad”) in the Orlando Sentinel, other local
newspaper and/or “Craig’s List”, soliciting responses for, “An arbitrator experienced in mediation, arbitration
or managing business affairs to settle disputes for $65.00/hr. Reply to (insert Claimant’s address) or Fax (insert Claimant’s
fax number)” and proceed to have the Neutral Arbitrator selected as set forth below in the paragraph “SELECTION OF
THE NEUTRAL ARBITRATOR”;

 

(c)       Claimant
shall give written notice of its “Arbitration Claim” to the other party (“Respondent”), which shall state
the nature of the dispute, the amount involved, the remedies sought and the name, address and telephone number of the person designated
as the Claimant’s Advocate Arbitrator. Once the Neutral Arbitrator is selected as outlined below, the proposed date, time
and location of the Pre-Arbitration Conference shall be selected by the Claimant, such date, time and location shall be at least
21 days but not more than 32 days from the date that the Arbitration Claim was sent (not delivered) to the Respondent’s address.

 

(d)       Respondent
shall to be deemed to have automatically denied the Arbitration Claim. Respondent shall provide written notice to Claimant of the
name, address and telephone number of its Party Advocate Arbitrator and shall state any Counter-Arbitration Claims it has by stating
the nature of the dispute, the amount involved and the remedies sought. This notice shall be given at least 10 days prior to the
date selected for the Pre-Arbitration Conference. If Respondent fails to timely name an Advocate Arbitrator, then the Arbitration
shall be conducted by the Neutral Arbitrator and the Claimant’s Advocate Arbitrator.

 

(e)       Notices
to institute an Arbitration proceeding shall be sent in accordance with the “Notices” provision herein or such other
address as subsequently designated in an Arbitration Claim or Counter-Arbitration Claim. If any attorney appears on behalf of any
party, notices shall thereafter be sent to such attorney.

 

(f)       The
parties may designate anyone as a Party Advocate Arbitrator including employees, relatives and closely associated persons except
they shall not designate an owner, officer or member of the Board of Directors of a party or a person that has attended more than
one year of law school or has been an attorney anywhere. The parties may be represented by licensed attorneys in the Arbitration
but none of the Arbitrators may be an attorney or have attended more than one year of law school.

 

    	 

    	 

    

 

(g)       The
Pre-Arbitration Conference and Arbitration Hearings will be held at a location and time as designated by the Holder. In the event
that the Company wishes to institute an Arbitration as a Claimant, then notice shall be given by the Holder who shall cooperate
in designating the location and time of the Pre-Arbitration Conference. The Pre-Arbitration Conference may be conducted by conference
telephone call if the parties and the arbitrators concur.

 

(h)       The
Pre-Arbitration Conference shall be held at least 21 days from the date of the sending of the Arbitration Claim. The Arbitration
Hearing shall be held within at least 14 days after but no more than 24 days after the Pre-Arbitration Conference at a date and
time set by the Arbitrators unless they extend the time based upon a determination of good cause. However, in no event shall the
Arbitration Hearing be held more than 30 days after the Pre-Arbitration Conference unless both parties agree. At the Pre-Arbitration
Conference, the Arbitrators shall each take an oath that they meet the requirements detailed in this Agreement. At the Pre-Arbitration
Conference, a copy of the Arbitration Claim and Counter-Arbitration Claims shall be given to the Neutral Arbitrator. Within 10
days after the Pre-Arbitration Conference, each side shall give written notice of the name and address of each witness it intends
to call, a list of exhibits and a copy of each exhibit. This disclosure may be supplemented only upon a showing of good reason
to the Arbitrators.

 

(i)       The
Neutral Arbitrator shall chair the Pre-Arbitration Conference and the Arbitration Hearing. All decisions of the Arbitration Panel
shall be decided by majority vote of the Arbitrators. The Arbitrators’ Award must be rendered within 2 days after the Arbitration
Hearing and summarize each claim or point submitted to Arbitration, the Award for that claim or point and the basis for the Arbitrator’s
Award. The Award must be based on, and conform, to, the terms of this Note and award damages only as provided herein, however,
the Arbitrators may not award punitive damages. The Award shall be sent by certified mail to the parties. If the Arbitration Award
does not comply with the preceding provisions, it will be deemed invalid, and either party may, within 90 days of the delivery
to that party of a copy of the original award, re-initiate Arbitration of the same claims, issues and disputes, with each party
selecting a new Advocate Arbitrator other than his original designee, and a new Neutral Arbitrator selected. If the Neutral Arbitrator
does not comply with this clause, the fee to them shall not be paid or due.

 

(j)       Provided
the Award complies herewith, it will be final, conclusive and binding on the parties, subject only to the limited judicial review
permitted under the Florida Arbitration Code.

 

(k)       Venue
for all lawsuits will lie in the County and Circuit Courts of Seminole County.

 

(l)       The
provisions of this Section may not be waived by the Company without the express written consent of the Holder.

 

(m)       In
the event a party files a lawsuit prior to filing Arbitration, the other party shall recover attorney fees incurred as a result
of that action if the court orders Arbitration. The Arbitrators shall determine the amount of attorney fees.

 

    	 

    	 

    

 

(n)       The
Arbitrators may order that depositions be allowed or documents produced on matters concerning the arbitration only upon a showing
of good cause. Any order allowing depositions shall set limit the number of depositions and establish a time limit for each deposition.
The Arbitrators shall consider failure to abide by their orders in reaching a decision.

 

(o)       No
class action lawsuit may be filed using the arbitration provision. If a party has several contracts or related claims, the Arbitration
Claims may be consolidated into one Arbitration.

 

(p)       Each side shall pay
one-half of the Neutral Arbitrator’s fee and may be required to pay an estimated fee prior to the Pre-Arbitration Conference.
If a party fails to pay the Neutral Arbitrator’s fee as ordered at the Pre-Arbitration Conference, then that party waives
the right to present evidence and argument at the Arbitration Hearing. The Award may award the cost of the Neutral Arbitrator to
be paid by the party the Arbitrator determines prevails at the Arbitration Hearing. Each side shall pay for their own Advocate
Arbitrator, their own experts and any attorneys which represent them in Arbitration.

 

(q)       The
parties agree that no attorney fees may be awarded by the courts or Arbitrators for representation in the Arbitration except the
courts shall award attorney fees for the confirmation, enforcement and collection of the Arbitration Award.

 

(r)       Provided
the award complies with the terms of this agreement and Note, the award will be final, conclusive and binding on the parties subject
only to the limited judicial review permitted in the Florida Arbitration Code.

 

(s)       
Each Party waives the right to a jury trial.

 

(t)       The
terms and conditions of this Section will survive any cancellation, default or any other termination of this Note.

 

(u)       No
punitive damages may be awarded in any arbitration unless both parties agree to add its consideration in this arbitration. If the
parties do not agree to arbitrate punitive damages and if punitive damages are provided for by law, then a separate suit must be
filed to determine those damages if any.

 

SELECTION OF THE NEUTRAL ARBITRATOR Either
party may run the Ad. The parties will meet at the location and time designated by the Holder to select the arbitrator as soon
as at least six responses have been received from the Ad. If a party does not attend the meeting to select the Neutral Arbitrator,
then the other party shall proceed by following the provisions for selecting the Neutral Arbitrator that follow. The earliest postmarked
letter or dated fax will become the Neutral Arbitrator unless challenged by either party as having prior relations with the other
party or knowing the other party or unless the parties agree to a different arbitrator. For letters or faxes with the same date
the first letter or first and second letter if necessary of the applicant for arbitrator’s last name sorted from “a”
first will determine the order of consideration. If the arbitrator is objected to, the reason must be stated and supported by fact.
Grounds shall only be the other party has a relationship with the arbitrator or the objector has had a conflict with the arbitrator
in the past. Other than that each party may object as to qualifications to any two

 

    	 

    	 

    

 

applicants submitted for all of the lists submitted
at all meetings in total. If no support to an objection is presented the arbitration shall proceed with the first arbitrator fulfilling
the preceding conditions. No Neutral Arbitrator may be selected that knows either party or the other arbitrators except through
prior arbitration proceedings as an arbitrator. If no one can be picked from the first group of responses, a second group may be
presented after running similar ads are run for more candidates; such ads may continue until an arbitrator is selected if the parties
agree to run them beyond two times. No more than two objections as to qualifications for each party will be allowed for all applications.
If no arbitrator is able to be selected, a suit may be filed concerning the case and the court petitioned to appoint the arbitrator
from the same lists, unless one of the parties can establish by clear and convincing evidence that there is no one on the list
who can qualify as a Neutral Arbitrator in which case the Ad will be rerun for a new list. If the court appoints an arbitrator,
he or she shall meet the requirements as outlined in this paragraph as to experience and conflicts with the parties. All the other
terms and conditions of this Section and Note shall remain in full force and effect and the arbitration shall be conducted under
the format and conditions listed herein. Once the Neutral Arbitrator is selected the pre arbitration meeting will be scheduled
per the preceding requirements cited in this Section. The Neutral Arbitrator will:

		(i)	be experienced in mediation, arbitration, or managing business affairs;

		(ii)	not be a present or previous employee of either party or have any
personal or professional relationship with either party or either arbitrator other than as a neutral arbitrator, and have no personal
or private conflict with either of the parties; 

		(iii)	not have any personal interest in, or knowledge of, the case; (iv)
have merely answered the Ad for experienced arbitrators and furnished a resume; (v) taken an oath to: 1. “have read the terms
of this Section and Note and to follow the terms therein and to not award any remedy not provided for in the terms of this Note,
and to state that there are not terms in this agreement that they will not be able to follow and enforce; 2. Affirm clause (ii)
above”; 

		(iv)	have answered an ad similar to the Ad. The arbitrator shall be paid
the hourly fee of $65.00 for actual time in arbitration, plus actual time while meeting with other arbitrators to render a decision
plus two hours travel for the trip to the pre arbitration meeting and the arbitration meeting (total of two meetings) including
travel allowance. 

		(v)	Only discuss this case with all the other arbitrators present. Reach
a decision with a majority if possible and not adjourn a meeting unless a decision has been reached or a new time to meet has been
agreed upon by all arbitrators unless an arbitrator refuses to meet at reasonable times. Meet only at the designated place as specified
in the arbitration notice. Bill for the time traveling to and from the meeting and in meetings and no other time and arrive at
the award and have the award typed with all the other arbitrators present and signed by them within 48 hours of the last agreed
on meeting of the arbitrators. 

		(vi)	be competent, conscientious and impartial and be open to questions
posed by the parties to ascertain the neutral qualifies prior to beginning the actual arbitration. The fact an arbitrator has previously
acted as a neutral arbitrator in proceedings to which either claimant or respondent was a party, or received compensation from
either claimant or respondent in connection with any previous arbitration will not disqualify the arbitrator from serving as a
neutral arbitrator but the neutral cannot have had any association with any of the other arbitrators prior to the arbitration except
in prior arbitrations for either party and must disclose those. Neither party including the advocate arbitrators may contact the
neutral arbitrator except by fax or email to determine qualifications and to set the time and date of the arbitration and any other
necessary discussions as to the mechanics of the arbitration including the proposed oath and to furnish a copy of this contract
but in no event as to any details of what is being arbitrated or changing the conditions of the arbitration and may only discuss
the case with all arbitrators present at the place of arbitration.

 

    	 

    	 

    

 

ANnEX
4

 

GUARANTY AND SECURITY AGREEMENT

 

This
Agreement (this “Agreement”) dated as of March 25, 2015 (the “Effective Date”) is by and among
on the one hand, jointly and severally, Totally Hemp Crazy Inc. located at 9101 LBJ Freeway, Suite 650, Dallas, Texas 75243 (the
“Company”), and jointly and severally, __________________________________________________________________________ (the
“Guarantors”), and on the other hand, Roy Meadows, an individual,
residing at 207 Jasmine Road, Longwood, Florida 32779 (the “Holder”).

 

RECITALS

WHEREAS, the Guarantors desire for the
Holder to advance funds to the Company in connection with the terms and conditions of that certain Amended & Restated Demand
Convertible Promissory Note, dated March 25, 2015 in the original principal amount of up to $1,500,000.00, (the “Note”);

 

WHEREAS, to induce Holder to execute
this Agreement and accept the Note, the Guarantors have agreed to guarantee the repayment of the funds advanced under said Note,
including principal and accrued and unpaid interest (collectively, the “Indebtedness”) on the terms and conditions
herein set forth, and to pledge or cause to be pledged Collateral (as hereinafter defined) upon the terms and conditions set forth
herein.

 

NOW, THEREFORE, in consideration
of the premises and for other good and valuable consideration the receipt of which is hereby acknowledged, the parties hereto agree
as follows:

DEFAULT

 

The Company hereby agrees to make all payments
on the Note under the terms and conditions thereto, including accrued and unpaid interest. Unless waived by Holder, and under the
terms and conditions of the Note, including, but not limited to, Section 11, “Default”, if any payment is not made
by the Company when due, the Note shall be deemed in default by the Holder without written notice thereof to the Company or the
Guarantors.

 

GUARANTY

 

This Guaranty is an irrevocable guarantee
of payment of the Note jointly and severally by the Company and the Guarantors. The Holder shall be entitled to take any action
against Company, Guarantors, or any other person or entity that it may elect with respect to any Collateral or security interest
that Holder is herein granted for any or all of the Indebtedness, in any order it so chooses, or concurrently in its sole discretion,
as Holder may elect; and it shall not be necessary for the enforcement of this Guaranty that Holder first pursue or exhaust any
right or remedy against or with respect to any of the foregoing before electing another such right or remedy.

 

    	 

    	 

    

 

This Guaranty shall be an absolute, unconditional,
irrevocable and continuing inexhaustible Guaranty without limitation as to amount or duration. The obligations of Guarantors hereunder
shall be absolute and unconditional irrespective of the validity, regularity or enforceability of all or any of the Company’s
obligations and any other agreement or instrument relating to the Indebtedness, or any defect with respect thereto, or the existence,
value or condition of any collateral or security for any or all of the Indebtedness, or any other circumstances which might otherwise
constitute a legal or equitable discharge of a surety or guarantor, it being agreed that the obligations of Guarantors hereunder
shall not be discharged except by payment as provided in the Note or herein.

Without limiting the generality of the
preceding paragraph, Guarantors hereby consent and agree that at any time and from time to time:

(a)        The
time, manner, place and/or terms of payment of all or any of the Indebtedness may be extended or changed;

(b)        The
time for the performance by Company of or compliance with any term, condition or agreement on its part to be performed or observed
under the Company’s obligations or any other agreement or instrument relating to the Indebtedness may be extended, or such
performance or compliance waived, or failure in or departure from each performance or compliance consented to; and,

(c)        The
Company’s obligations and/or any other agreement or instrument relating to the Indebtedness, or any terms thereof, may be
amended or modified in any respect (including without limitation the provisions with respect to the interest payable under the
Company’s obligations) only with the written consent of the Holder.

This Guaranty shall continue in full
force and effect notwithstanding any insolvency or bankruptcy of Company or the Guarantors. Neither the Guarantors' obligation
to pay and perform in accordance with the terms of this Guaranty, nor any remedy for the enforcement hereof nor the amount of the
Indebtedness shall be impaired, modified, changed, stayed, released or limited in any manner whatsoever by any impairment, modification,
change, discharge, release, limitation or stay of the Indebtedness or the obligations of the Company or its estate in bankruptcy
or any remedy for the enforcement thereof, resulting from the operation of any present or future provision of the Bankruptcy Code
of the United States or other statute, state, federal or foreign, or from the decision of any court interpreting any of the same,
and the Guarantors shall be obligated under this Guaranty and the amount of the Indebtedness shall for the purposes of this Guaranty
be determined as if no such impairment, stay, modification, change, discharge, release or limitation had occurred.

This Guaranty shall remain in full force
and effect or shall be automatically reinstated, as the case may be, without any further action on the part of the Holder, in the
event that the Holder is required, in any bankruptcy, insolvency, reorganization or other proceeding involving the Company, to
return or rescind any payment made to or value received by the Holder from or for the account of the Company on account of the
Indebtedness, all as though such payment had not been made or such value had not been received. This paragraph shall remain in
full force and

    	 

    	 

    

 

effect notwithstanding any termination
of this Guaranty or release by the Holder of the Guarantors unless this paragraph is terminated by a written instrument that includes
specific reference to this paragraph.

No failure or delay on the part of Holder
in exercising any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
of any such right, power or remedy preclude any future exercise thereof or the exercise of any other right, power or remedy hereunder.
No amendment, modification, termination or waiver of any provision of this Guaranty, nor consent to any departure by Guarantors
therefrom, shall in any event be effective unless the same shall be in writing and executed by Holder, and then such waiver or
consent shall be effective only in the specific instance and for the specific purpose for which given. No notice to or demand on
Guarantors in any case shall entitle Guarantors to any other or future notice or demand in similar or other circumstances.

SECURITY

Grant of Security Interest. The Company
and the Guarantors hereby pledge to the Holder, for their benefit and as agent for Holder, a lien and security interest (collectively
referred to as the “Security Interest”) in the Collateral, as hereinafter defined, as security for the payment and
performance of: (a) all present and future Indebtedness of the Company to the Holder; (b) all obligations of the Company and rights
of the Holder under this Agreement; and (c) all present and future obligations of the Company to the Holder of other kinds. The
Holder shall also have a security interest in all claims that the Company may have against any Person or Entity, regardless of
the nature of such claims. Description of “Collateral”: 

At the Holder’s sole option, in
his sole discretion and judgment, whereby the Holder will provide such instruction to the Company and the Guarantors in writing,
the Company shall file within ten (10) business days of receipt of such instruction from the Holder, one or more UCC-1 Financing
Statements for the sole benefit of the Holder against the Collateral”(The “UCC-1 Filings”). The Company agrees
to have its attorney prepare such UCC-1 Filings which shall be reviewed in form and content by the Holder or his representatives
or agents prior to the Company having it filed in the appropriate venues. The Company agrees to pay all fees, including, but not
limited to, attorney and paralegal fees and expenses, connected with the UCC-1 Filings, and will provide the Holder with proof
of the UCC-1 Filings and payment thereof, to its sole satisfaction, within twenty-one (21) business days of the signing of this
Agreement. Failure to provide satisfactory proof of the UCC-1 Filings and payments thereof, shall constitute an event of default
of the Note. For the duration of the Note, the Company shall be responsible for updating and maintaining the UCC-1 Filings as required
by law, but not less than every six (6) months, and for filing any and all appropriate continuation statements of the UCC-1 Filings
with the appropriate authorities as may be required for the UCC-1 Filings full effectiveness in law.

The Company understands that it may not
use the Collateral to secure any additional agreements, security or otherwise, and that any release of any or all of the Collateral
for securing other agreements is at the sole option of the Holder.

    	 

    	 

    

 

Company and Guarantors acknowledge that
the Note shall be considered senior indebtedness of the Company and that the Holder has first priority in payment of the Note over
any and all other creditors as allowable by law, whether in cash or seizure of Collateral, and as such this Note cannot and shall
not be subordinated to any other debt or financing instrument, including debt held by a bank, subsequent or already existing, without
the express written consent of the Holder. That the Note is such senior indebtedness of the Company shall be stated prominently
in any UCC-1 Filings. Failure by the Company to adhere to the preceding provisions of this paragraph shall be an Event of Default
of the Note as therein defined.

Guarantors hereby acknowledge and agree
that this is a continuing Guaranty and shall remain in full force and effect until the indefeasible payment in full of all then
outstanding Indebtedness. The invalidity or unenforceability of any provision of this Guaranty shall in no way affect the validity
or enforceability of any other provisions hereof.

This instrument shall be binding upon
Guarantors, its successors and assigns and shall inure to the benefit of any subsequent holder of the Company’s obligations,
at the Holder’s sole discretion. This Guaranty shall be governed by and construed in accordance with the internal laws of
the State of Florida without giving effect to principles of conflict of laws. The parties hereto agree that any action brought
to enforce the terms of this Agreement will be brought in the appropriate federal or state court having jurisdiction over Semniole
County, Florida.

In the event the Holder hereof shall
refer this Agreement to an attorney to enforce the terms hereof, the Company and Guarantors, jointly and severally, agree to pay
all the costs and expenses incurred in attempting or effecting the enforcement of the Holder’s rights, whether or not suit
is instituted, including reasonable attorney‘s and paralegals’ fees and costs through and including all trial and appellate
levels and post-judgment proceedings and enforcements.

THE COMPANY AND GUARANTOR JOINTLY AND
SEVERALLY HEREBY WAIVE ANY AND ALL RIGHTS THAT THEY MAY NOW OR HEREAFTER HAVE UNDER THE LAWS OF THE UNITED STATES OF AMERICA OR
ANY STATE, TO A TRIAL BY JURY OF ANY AND ALL ISSUES ARISING EITHER DIRECTLY OR INDIRECTLY IN ANY ACTION OR PROCEEDING BETWEEN THE
COMPANY, THE GUARANTOR AND THE HOLDER OR EACH ONE’S HEIRS, LEGAL REPRESENTATIVES, SUCCESSORS AND ASSIGNS, OUT OF OR IN ANY
WAY CONNECTED WITH THIS GUARANTY AND ANY OTHER DOCUMENTS EXECUTED IN CONNECTION HEREWITH. IT IS INTENDED THAT SAID WAIVER BY THE
COMPANY AND HE GUARANTOR, JOINTLY AND SEVERALLY, SHALL APPLY TO ANY AND ALL DEFENSES, RIGHTS, AND/OR COUNTERCLAIMS IN ANY ACTION
OR PROCEEDING.

IN WITNESS WHEREOF, the parties
have duly executed this Agreement as of the Effective Date.

“Guarantors”

 

By: 

 

By: 

 

“Company”

 

Totally Hemp Crazy Inc.

a Nevada corporation

 

By:_______________________________________

 

Name: 

 

Its: 

 

“Holder”

 

__________________________________________

Roy MeadowsFIRST AMENDED OPERATING AND MANAGEMENT AGREEMENT

 

OF

 

ROCKY MOUNTAIN HIGH WATER COMPANY, LLC

(A Delaware Limited Liability Company)

 

This FIRST AMENDED Operating
and Management Agreement (this “Agreement”) is entered into on November 12, 2016 to be effective to the fullest
extent permissible under applicable law as of June 30, 2016 (the “Effective Date”), by and among Rocky Mountain
High Water Company, LLC, a Delaware limited liability company (the “Company”) and the members thereof, as amended,
being EAGLE SPIRIT LAND & WATER COMPANY, an Oklahoma corporation (“ESLWC”), and POAFPYBITTY FAMILY, LLC,
an Oklahoma limited liability company (“PFLLC”). ESLWC and PFLLC are referred to from time to time individually
as a “Member,” and collectively as the “Members.” Certain capitalized terms used but not
defined elsewhere in this Agreement have the meanings set forth in Section 15 below. Any and all Related Party Agreements
executed between the Members and dated on or prior to the date of this Agreement shall be and are hereby terminated and merged
to the extent set forth into this Agreement.

 

The parties have agreed
to organize and operate a limited-liability company in accordance with the terms and subject to the conditions set forth in this
Agreement.

 

NOW, THEREFORE, for good
and valuable consideration, the parties have entered into the following agreement:

 

1.       OFFICES

 

1.1       Principal
Office. The principal office of the Company shall be located at 9101 LBJ Freeway, Suite 200, Dallas, TX  75243.

 

The Company may have such
other offices, either within or without the State of Delaware as the Manager (defined below) may designate or as the business of
the Company may from time to time require.

 

1.2       Registered
Office, Registered Agent. The address of the registered office of the Company required to be maintained in the State of Delaware
is Capitol Services, Inc. The resident agent at such office is 1675 South State Street, Suite B, Dover, DE 19901. The registered
office and registered agent may be changed from time to time by action of the Manager and by filing the prescribed form with the
Delaware Secretary of State.

 

    	 	1	 

    	 

    

 

1.3 Term. The term
of the Company commences on June 26, 2016, the date on which the Company’s certificate of formation (the “Certificate”)
was filed with the Secretary of State of the State of Delaware, and shall continue perpetually unless sooner terminated as provided
in this Agreement.

 

2.       MANAGEMENT

 

2.1       Manager
Designation.

 

(a)            
The business and affairs of the Company will be managed, operated and controlled by or under the direction of a single manager
(the “Manager”). The Members hereby designate ESLWC as the initial Manager. The Manager will have, and is hereby
granted, the full and complete power, authority and discretion for, on behalf of and in the name of the Company, to take such actions
as it may in its sole discretion deem necessary or advisable to carry out any and all of the objectives and purposes of the Company,
subject only to the terms of this Agreement, including the terms of Section 2.2.

(b)           
The Company and the Members will take such actions as may be required to ensure that the number of Managers is at all times
one (1), and that such Manager shall at all times be ESLWC or its designee.

2.2       Manager
Limitations. Notwithstanding anything to the contrary in this Agreement, the Manager shall not undertake or cause the Company
to undertake any of the following without the written approval of the holders of not less than 60% of the issued and outstanding
Units:

 

(a)               
Hire any personnel with a salary greater than $225,000 per year for the Company;

(b)              
Borrow any money, execute any guaranty or long-term lease, or grant any security interests in the Company’s assets;

(c)               
Issue or sell any equity interests of the Company, other than those issued to the Members;

(d)              
Enter into, amend, waive or terminate any Related Party Agreement

(e)               
Sell any material assets of the Company in any single or series of related transactions, other than water sales; or

    	 	2	 

    	 

    

 

(f)               
Dissolve, wind-up or liquidate, or take any action that will result in the dissolution, winding-up or liquidation of, the
Company or any Company Subsidiary or initiate a bankruptcy proceeding involving the Company or any Company Subsidiary.

 

2.3       Compensation.
The Manager will not receive any salary or other compensation for its services as Manager; provided, however, that the Manager
will be reimbursed by the Company for any reasonable expenses incurred by the Manager in connection with the performance of its
duties as Manager.

 

2.4       Officers.
The Manager may appoint one or more individuals as officers of the Company as it deems necessary or desirable to carry on the business
of the Company and the Manager may delegate to any such officers such power and authority as the Manager deems advisable, including
without limitation Laura Poafpybitty and Robert Smith. Any individual may hold two or more offices of the Company. Each officer
will hold office until his or her successor is designated by the Manager or until his or her earlier death, resignation or removal.
Any officer may resign at any time upon written notice to the Company. Any officer may be removed by the Manager with or without
cause at any time. A vacancy in any office occurring because of death, resignation, removal or otherwise, may, but need not, be
filled by the Manager.

 

3.       MEETINGS

 

3.1       Annual
Meeting. The annual meeting of the Members shall be held in the month of July in each year, beginning with the year 2017 for
the purpose updating the Members and shall be held in Dallas, Texas.

 

3.2       Special
Meetings. Subject to the Notice provisions of 3.4, special meetings of the Members, for any purpose or purposes, may be called
by the Manager.

 

3.3Regular Meetings.Regular
meetings of the Members, for any purpose or purposes, shall be called by the Manager on a monthly, quarterly, or annual basis.

 

3.4       Notice
of Meeting. Except where notice is not required, as provided herein, written notice stating the place, day and hour of the
meeting and, in case of a special meeting, the purposes for which the meeting is called, shall be given not less than ten (10)
days before the date of the meeting, by or at the direction of the manager(s), to each Member of record entitled to vote at such
meeting. When all the Members of the Company are present at any meeting and do not object to notice, or if those not present sign
in writing a waiver of notice of such meeting, or subsequently ratify all the proceedings thereof, the transactions of such meeting
are as valid as if a meeting were formally called and notice had been given.

 

    	 	3	 

    	 

    

 

3.5       Place
of Meeting. Except as provided herein, all regular meetings of the Members may be conducted telephonically.

 

3.6       Waiver
of Attendance. Attendance by a Member at a meeting shall be deemed a waiver of any objection to notice or place of a meeting,
unless the Member appears solely for purposes of objecting to notice or place of meeting.

 

3.7       Quorum.
A quorum of any meeting of the Members will require the presence of all of the Members. Subject to Section 3.8, no action
at any meeting may be taken by the Members unless the appropriate quorum is present. Subject to Section 3.8, no action may
be taken by the Members at any meeting at which a quorum is present without the affirmative vote of Members holding not less than
60% of the issued and outstanding Voting Units.

 

3.8Action Without a Meeting.Notwithstanding
anything to the contrary, any matter that may be voted on, consented to or approved by the Members may be taken without a meeting,
without prior notice and without a vote if a consent or consents in writing, setting forth the action so taken, is or are, as applicable
signed by a Member or Members holding not less than 60% of the issued and outstanding Voting Units

 

3.9Proxies.On any matter
that is to be voted on by Members, a Member may vote in person or by proxy, and such proxy may be granted in writing, by means
of electronic transmission or as otherwise permitted by applicable law. Every proxy will be revocable in the discretion of the
Member executing it unless otherwise provided in such proxy; provided, that such right to revocation will not invalidate
or otherwise affect actions taken under such proxy prior to such revocation.

 

3.10Telephonic Meeting.Members
of the Company may participate in any meeting of the Members by means of conference telephone or similar communication if all persons
participating in such meeting can hear one another for the entire discussion of the matter(s) to be discussed. Participation in
a meeting pursuant to this Section shall constitute presence in person at such meeting.

 

4.       FISCAL
MATTERS

 

4.1       Fiscal
Year. For both accounting and tax reporting purposes, the fiscal year of the Company shall be the twelve (12) month period
ending on June 30 of each year.

 

4.2       Deposits.
All cash funds of the Company shall be deposited from time to time to the credit of the Company in such banks, trust companies,
or other depositories as the Manager may select.

 

    	 	4	 

    	 

    

 

4.3       Checks,
Drafts, Etc. All checks, drafts, notes, liabilities incurred by the Company, or other orders for the payment of money issued
in the name of the Company shall be signed by the Manager or by an officer of the Company designated for that purpose by the Manager.

 

4.4       Accountant.
An accountant may be selected from time to time by the Manager to perform such tax and accounting services as may from time to
time be required.

 

4.5       Legal
Counsel. One or more attorney(s) at law may be selected from time to time by the Manager to review the legal affairs of the
Company and to perform such other services as may be required and to report to the Members with respect thereto.

 

5.       MEMBERSHIP
RECORDS AND TRANSFER OF OWNERSHIP

 

5.1       Membership
Records. The Manager shall maintain a current record of the Members, their equity ownership interest in the Company, their
capital accounts, and their Member percentages.

 

5.2       Transfer
of Ownership. Subject to Section 13.12, no Member may transfer his, her or its Units in the Company at any time unless
first offering the interest to the other Members in writing pursuant to the terms of Section 5.3. The transferee shall have
no right to participate in the management of the business and affairs of the Company or to become a Member without the unanimous
written consent of all of the Members. The transferee shall only be entitled to receive the share of the profits or other compensation
and the return of contributions, if any, to which that Member would otherwise be entitled.

 

5.3       First
Right of Refusal. Upon the proposed transfer of Units the remaining Members shall have the option to purchase the interest
of the transferring Member in the Company or the interest intended to be transferred by the Member. All such purchases shall be
on terms and conditions as follows:

 

(a)               
If the selling Member and the other Members are not able to agree upon the value of the applicable interest, then such interest
will be appraised by an Appraiser selected and paid for by the selling Member. The other Member(s), within fifteen (15) days after
receipt of such appraisal, may object to the appraisal. In such an event, the interest shall be appraised by two (2) new Appraisers,
one (1) of whom shall be selected and paid for by the Member wishing to sell or assign his, her or its interest, and one (1) by
the remaining Members of the Company.

    	 	5	 

    	 

    

 

(b)              
The appointed Appraisers will appraise the Company interest and affix thereto a dollar value. In the event that the Appraisers
are unable to arrive at the same appraisal figure, after attempting to do so in good faith, then in that event the average between
the two (2) appraisal figures shall be used to arrive at the appraisal value upon which the purchase price is fixed.

(c)               
Each remaining Member shall have the right to subscribe for such interest in the proportion that his holdings of interest
bear to the then total interests owned by all of the remaining Members. In the event any of the remaining Members fail to subscribe
for all of their proportionate share of such interest, then the remaining Members who purchased their full share shall, within
ten (10) days thereafter, have the right to purchase proportionately such interest until each remaining Member has the opportunity
to purchase all of such interest of the selling Member.

(d)              
The appraised sum so determined shall be paid to the selling Member over a period of time and in such amounts as determined
by the Members by mutual agreement. If no agreement can be reached, then the sale shall be for a term of five (5) years at an interest
rate equal to the applicable federal rate in effect at the date of sale.

(e)               
If the other Members do not elect, within thirty (30) days following the date on which the appraised sum for the interest
is determined, to purchase the interest that is proposed to be transferred, then the transferring Member may transfer such interest
at any time during the one hundred and twenty (120) day period following the date on which the appraised sum for the interest is
determined.

(f)               
No such transfer by a selling Member shall of itself effect dissolution of this Company. Any such transfer of an interest
shall be reflected by a properly amended version of this Agreement.

(g)              
No person who obtains the interest of any Member in the Company shall have the right to become a substitute Member without
the unanimous written consent of all of the Members.

5.4       
Prohibition on Hypothecation by Members. No Member shall mortgage or grant a security interest in his, her, or its interest
in the Company.

 

6.       CAPITAL
AND CAPITAL CONTRIBUTIONS

 

6.1       Capital
of the Company. The capital of the Company shall be the aggregate amount of the capital contribution made to it by the Members.

 

    	 	6	 

    	 

    

 

6.2       Original
Contribution of Members. On the Effective Date, the Members shall contribute to the Company the properties, assets, or rights
described in Schedule A hereto.

 

6.3       Membership
Percentages. Each Member holds the number of Units set forth on Schedule A hereto.

 

6.4No Additional Capital Contributions.
Additional capital contributions will be made only with the unanimous written consent of the Members.

 

7.       CAPITAL
ACCOUNTS

 

An individual capital account
shall be maintained for each Member under the rules for maintaining capital accounts as may be prescribed in federal treasury regulations.
Unless required to the contrary by regulations, a Member’s capital account shall be his, her, or its original capital contribution,
increased by his, her, or its share of (a) income, (b) gain, and (c) tax-exempt income of the Company, and reduced by his or her
share of (d) distributions of money or property, (e) deductions, (f) losses, and (g) other Company expenditures.

 

 

8.       ADMISSION
OF NEW MEMBERS

 

New Members may be admitted
to the Company upon unanimous written consent by all of the Members.

 

9.       PROFIT
AND LOSS ALLOCATIONS

 

9.1       Unit
Activity. All profits of the Company associated with the Unit Activity will be allocated to the holders of the Units as set
forth in Attachment 1 hereto. To the fullest extent permissible under applicable tax law, all losses of the Company associated
with the Unit Activity will be allocated to ESLWC for tax reporting purposes.

9.2       Losses,
Expenditures, and Deductions. Any and all losses, expenditures, and deductions shall be allocated to the Member’s account
as described in Schedule A hereto.

 

10.       DISTRIBUTIONS

 

Available
Cash. Within thirty (30) days following the first business day of each fiscal quarter of the Company, the Manager will (a)
determine the amount, if any, of all Available Cash that existed on such first business day, and (b) cause all such Available Cash
to be distributed to the holders of the Units as set forth in Attachment 1 hereto, subject to the first, 70% to ESLWC and
30% to PFLLC, until distributions to ESLWC under this Section equal

    	 	7	 

    	 

    

 

the aggregate
amount of, if any, of all capital contributions made by ESLWC to the Company for the express purpose of any activities and transactions
of the Company associated with (a) growing hemp on the Land for experimental or commercial purposes, and (b) any development of
the Land for commercial or other purposes; all on the commercial terms as set forth in Attachment 1 hereto.

11.       BOOKS
AND RECORDS

 

11.1       Books
and Records. The books and records of the Company required by the Act shall be kept at the principal office of the Company.
Other books and records shall be kept at such other places, within or without the State of Delaware, as the Manager shall from
time to time determine.

 

11.2       Right
of Inspection. Any Member of record shall have the right to examine, at any reasonable time or times, for all purposes, the
financial statements, the books and records of account, minutes and records of Members and to make copies thereof, with copies
at the Member’s expense. Such inspection may be made by any agent or attorney of the Member.

 

11.3       Financial
Records. All financial records shall be maintained and reported based on generally acceptable accounting practices.

 

 

12.       DISSOLLUTION
AND LIQUIDATION

 

12.1       Events
of Dissolution. The Company will be dissolved and its affairs wound up only upon the occurrence of any of the following events:

(a)       An
election to dissolve the Company made by in writing by the written approval of the holders of not less than 60% of the issued and
outstanding Units;

(b)       The
sale, exchange, involuntary conversion, or other disposition or transfer of all or substantially all the assets of the Company,
other than water sales; or

(c)       The
entry of a decree of judicial dissolution under § 18-802 of the Act.

12.2       Effectiveness
of Dissolution.  Dissolution of the Company will be effective on the day on which the event described in Section
12.1 occurs, but the Company will not terminate until the winding up of the Company has been completed, the assets of the Company
have been distributed as provided in Section 12.3 and the Certificate has been cancelled as provided in Section 12.4.

    	 	8	 

    	 

    

 

12.3       Liquidation.
 If the Company is dissolved pursuant to Section 12.1, the Company will be liquidated and its business and affairs wound
up in accordance with the Act and the following provisions:

(a)       Liquidator.
The Manager will act as liquidator to wind up the Company (in such capacity, the “Liquidator”). The Liquidator
will have full power and authority to sell, assign, and encumber any or all of the Company’s assets and to wind up and liquidate
the affairs of the Company in an orderly and business-like manner.

(b)       Accounting.
As promptly as possible after dissolution and again after final liquidation, the Liquidator will cause a proper accounting to be
made by a recognized and reputable firm of certified public accountants of the Company’s assets, liabilities and operations
through the last day of the calendar month in which the dissolution occurs or the final liquidation is completed, as applicable.

(c)       Distribution
of Proceeds. The Liquidator will liquidate the assets of the Company and distribute the proceeds of such liquidation in the
following order of priority, unless otherwise required by mandatory provisions of applicable law:

(i)                
First, to the payment of all of the Company’s debts and liabilities to its creditors (including Members, if
applicable) and the reasonable expenses of liquidation (including sales commissions incident to any sales of assets of the Company);

(ii)              
Second, to the establishment of and additions to reserves that are determined by the Liquidator in its reasonable
discretion to be reasonably necessary for any contingent unforeseen liabilities or obligations of the Company; and

(iii)            
Third, to the Members in the same manner as distributions are made under Section 10.

(d)       Discretion
of Liquidator. Notwithstanding the provisions of Section 12.3(c) that require the liquidation of the assets of the Company,
but subject to the order of priorities set forth in Section 12.3(c), if upon dissolution of the Company the Liquidator determines
that an immediate sale of part or all of the Company’s assets would be impractical or could cause undue loss to the Members,
the Liquidator may defer the liquidation of any assets except those necessary to satisfy Company liabilities and reserves, and
may, in its reasonable discretion, distribute to the Members, in lieu of cash, as tenants in common and in accordance with the
provisions of Section 12.3(c), undivided interests in such Company assets as the Liquidator deems not suitable for liquidation.
Any such distribution in kind will be subject to such conditions relating to the disposition and management of such properties
as the

    	 	9	 

    	 

    

 

Liquidator deems reasonable
and equitable and to any agreements governing the operating of such properties at such time. For purposes of any such distribution,
any property to be distributed will be valued at its fair market value.

12.4       Cancellation
of Certificate.  Upon completion of the distribution of the assets of the Company as provided in Section 12.3(c),
the Company will be terminated and the Liquidator will cause the cancellation of the Certificate in the State of Delaware and of
all qualifications and registrations of the Company as a foreign limited liability company in jurisdictions other than the State
of Delaware and will take such other actions as may be necessary to terminate the Company.

12.5       Survival
of Rights, Duties and Obligations. Dissolution, liquidation, winding up or termination of the Company for any reason will not
release any party from any loss which at the time of such dissolution, liquidation, winding up or termination already had accrued
to any other party or which thereafter may accrue in respect of any act or omission prior to such dissolution, liquidation, winding
up or termination. For the avoidance of doubt, none of the foregoing will replace, diminish or otherwise adversely affect any Member’s
right to indemnification pursuant to Section 13.3.

12.6       Recourse
for Claims. Each Member will look solely to the assets of the Company for all distributions with respect to the Company and
such Member’s capital account and will have no recourse therefor (upon dissolution or otherwise) against the Manager, the
Liquidator or any other Member.

13.       MISCELLANEOUS

 

13.1       Notice.
Whenever notice of any kind is required or permitted under the terms and provisions of the Act, the Certificate, or this Agreement,
the same may be deposited with the U.S. Postal Service by registered or certified mail, postage prepaid, to the indicated parties
at their address set forth on Schedule A hereto (or at such other address for a party as is specified in a notice given
in accordance with this Section 13.1): or in lieu thereof, by regular first class mail, postage prepaid, private carrier,
email transmission, or delivery in person. If properly mailed by registered or certified mail, the date of mailing shall be the
effective date of notice. Otherwise, the effective date of notice shall be the date of actual receipt by the party entitled to
notice.

 

13.2       Waiver
of Notice. Whenever any notice is required to be given pursuant to the provisions of the Act, the Certificate, or this Agreement,
a waiver thereof, in writing, signed by the persons entitled to such notice, whether before or after the time stated therein, shall
be deemed equivalent to the giving of such notice.

 

    	 	10	 

    	 

    

 

13.3       Indemnification.
To the fullest extent permissible under the Act, the Company shall indemnify, defend, and hold harmless any Person who was or is
a party defendant or is threatened to be made a party defendant to any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative, or investigative (other than an action by or in the right of the Company) by reason of
the fact that he or she is or was a Member, Manager, or officer of the Company, against all losses, liabilities, damages, and expenses,
including attorney’s fees, judgments, fines and amounts paid in settlement, actually and reasonably incurred by the indemnified
party in connection with such action, suit or proceeding. The termination of any action, suit or proceeding by judgment, order,
settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not in itself create a presumption that the
person did not act in good faith and in a manner which he or she reasonably believed to be in the best interest of the Company,
and, with respect to any criminal action or proceeding, had reasonable cause to believe that his or her conduct was unlawful.

 

13.4       Other
Indemnification. The Company shall indemnify any employee, agent, attorney, or other person acting on behalf of the Company
under the same terms and conditions as set forth in Section 13.3.

 

13.5Indemnification Funding; Insurance.
The Company shall fund the indemnification obligations provided by Section 13.3 or 13.4 in such manner and to such
extent as the Manager may from time to time deem proper. The Manager may, in its discretion, cause the Company to maintain insurance
coverage to provide for any expenses of indemnification of the Company or for any other reason. If insurance coverage is obtained
by the Company, the Company will, if appropriate depending on the type of coverage, cause PFLLC to be named as an additional insured
party under the applicable policies.

 

13.6       Gender
and Number. Whenever the context requires, the gender of all words used herein shall include the masculine, feminine and neuter,
and the number of all words shall include the singular and plural thereof.

 

13.7       Articles
and Other Headings. The Articles and other headings contained in this Agreement are for reference purposes only and shall not
affect the meaning or interpretation.

 

13.8       Reimbursement
of Officers and Members. The Manager, employees, agents, attorneys, and Members shall receive reimbursement for expenses reasonably
incurred in the performance of their duties.

 

    	 	11	 

    	 

    

 

13.9       Counterparts.
This Agreement may be executed in any number of counterparts, each of which will be deemed an original, but all of which together
will be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, e-mail or other means
of electronic transmission will be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

13.10       Applicable
Law, Jurisdiction and Venue. To the fullest extent permitted by law, all questions concerning the construction, validity, and
interpretation of this Agreement and the performance of the obligations imposed by this Agreement shall be governed by the internal
law, not the conflicts, of the State of Delaware. Further, any suit involving any dispute or matter arising under this Agreement
may only be brought in any Oklahoma State Court having jurisdiction over the subject matter of the dispute or matter. All Members
hereby specifically waive any and all sovereign immunity regarding the subject matter and enforceability of this Agreement against
the respective parties hereto and others, including without limitation, lenders, vendors, managers, Members, contractors, attorneys,
agents, and representatives; and expressly consent to the exercise of personal jurisdiction by any such court with respect to any
such proceeding.

 

13.11Specific Performance.The
parties recognize that irreparable injury will result from a breach of any provision of this Agreement and that money damages will
be inadequate to fully remedy the injury. Accordingly, in the event of a breach or threatened breach of one or more of the provisions
of this Agreement, any party who may be injured (in addition to any other remedies which may be available to that party) shall
be entitled to one or more preliminary or permanent orders without any requirement for a bond or other security (a) restraining
and enjoining any act which would constitute a breach, or (b) compelling the performance of any obligation which, if not performed,
would constitute a breach.

 

13.12Assignment to ESLWC Sub.Notwithstanding
anything to the contrary in this Agreement (including the provisions of Section 5.3), each party hereby agrees that ESLWC
may, at any time following the Effective Date, assign all of its rights and obligations under this Agreement to a wholly-owned
subsidiary of ESLWC. ESLWC hereby agrees that it will, promptly following any such assignment of rights and obligations, provided
written notice of same to PFLLC.

 

13.13       Tax
Matters Partner. The Members hereby appoint the Manager to serve as the “tax matters partner” (as such term is
defined in Code Section 6231(b)) for the Company.

 

    	 	12	 

    	 

    

 

13.14       Anticipated
Transactions. It is anticipated that the members, employees, agents, attorneys, optionees, other persons acting on behalf of
the Members, and manager may have other legal and financial relationships, whether a conflict or not which is expressly waived
hereby with informed consent. Representatives of this Company, along with representatives of other entities including those set
forth above, may from time to time participate in the joint development of contracts and transactions designed to be fair and reasonable
to each participant and to afford an aggregate benefit to all participants. Such relationships shall be subject to the provisions
of Section 2.2(d).

 

14.       AMENDMENTS

 

This Agreement may be altered,
amended, restated, or repealed and a new Agreement may be adopted by a unanimous vote of the Members.

 

15.       CERTAIN
DEFINED TERMS. For purposes of this Agreement, the following terms have the following meanings:

 

“Act”
means the Delaware Limited Liability Company Act, Title 6, Chapter 18, §§ 18-101, et seq, and any successor statute,
as it may be amended from time to time.

“Affiliate”
means, with respect to any Person, any other Person who, directly or indirectly (including through one or more intermediaries),
controls, is controlled by, or is under common control with, such Person. For purposes of this definition, “control,”
when used with respect to any specified Person, means the power, direct or indirect, to direct or cause the direction of the management
and policies of such Person, whether through ownership of voting securities or partnership or other ownership interests, by contract
or otherwise; and the terms “controlling” and “controlled” have correlative meanings.

“Appraiser”
means a qualified independent appraiser, accountant, or investment bank who is, or that is, knowledgeable and experienced in valuing
entities similar to the Company.

“Available
Cash” as of any date means all cash funds of the Company on hand as of such date from all sources, reduced by: (a) all
Company Costs and Expenses that are due and payable as of such date or that are expected to become due and payable in the next
90 days; and (b) provision for reasonable working capital reserves, with the amount of such reserves to be reasonably determined
by the Manager.

    	 	13	 

    	 

    

 

“Code”
means the Internal Revenue Code of 1986, as amended.

“Company
Costs and Expenses” mean all of the expenditures made or to be made with respect to the operations, business, and affairs
of the Company as reasonably determined by the Manager.

“Land”
means the approximately 160 acre tract as more specifically described in Attachment 1 hereto.

“Membership
Interest” means an interest in the Company owned by a Member, including such Member’s right (a) to a distributive
share of net income, net losses and other items of income, gain, loss and deduction of the Company; (b) to a distributive share
of the assets of the Company upon distribution or liquidation; (c) to vote on, consent to or otherwise participate in any decision
of the Members to the extent and subject to the limitations provided in this Agreement; and (d) to any and all other benefits to
which such Member may be entitled as provided in this Agreement or the Act.

“Person”
means an individual, corporation, partnership, joint venture, limited liability company, governmental authority, unincorporated
organization, trust, association or other entity.

“Related
Party Agreement” means any transaction, agreement, or contract with any Person that is a Member, or an Affiliate of a
Member.

“Unit”
means a unit representing a fractional part of the Membership Interests of the Members and having the privileges, preference, duties,
liabilities, obligations and rights specified in this Agreement.

“Water”
means all water located on, in, or under the Land including, without limitation, all water associated with the approximately 2.5
acre artesian spring located on the Land.

 

[Signature Page Follows]

    	 	14	 

    	 

    

 

IN WITNESS WHEREOF,
the undersigned have executed and delivered this Agreement as of the Effective Date.

The Company:

 

ROCKY MOUNTAIN
HIGH WATER COMPANY, LLC

 

By:       Eagle
Spirit Land & Water Company

Its:       Sole
Manager

 

 

By: /s/____________________________

Name:       Charles
Smith

Title:       President

 

 

 

The Members:

 

EAGLE SPIRIT LAND &
WATER COMPANY

 

 

By: /s/_________________________________

Name:       Charles
Smith

Title:       President

 

 

 

POAFPYBITTY FAMILY LLC

 

 

By: /s/__________________________________

Name:       Laura
Poafpybitty

Title:       Chief
Executive Officer

 

    	 	15	 

    	 

    

 

Schedule A

 

Member Schedule*

 

	Member	Voting Units	Equity Units
	Capital Contribution – SEE Attachment 1	Number	Percentage	Number	
        Percentage

         

	
        Poafpybitty Family, LLC

        909 SE 5th Street

        Anadarko, PK 73005

         
	2,500.00	25.00%	5,100.00	51.00%
	
        Eagle Spirit Land & Water Company

        9101 LBJ Freeway, Suite 200

        Dallas, TX  75243

         
	7,500.00	75.00%	4,900.00	49.00%
	Total:	10,000.00	100.00%	10,000	100.00%

 

 

*100% of any and all losses,
expenditures, and deductions shall be allocated to the account of Eagle Spirit Land & Water Company.

 

    	 	16	 

    	 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attachment
1*

 

*It is expressly understood that the value
interests contributed by the POAFPYBITTY FAMILY, LLC are interests in the surface estate and water rights, more specifically described
herein, and are owned by individual Indians in trust or restricted status. The general and specific authority to develop this project
is contained in 25 CFR 162.601(a) (4); 25 CFR 162.012(a) (1); 25 CFR 162.006(b) (2); 25 CFR 162.014(c) (2); April 30, 2015 Email
to George Beatty (Acting Superintendent for the United States Department of the Interior, Bureau of Indian Affairs, Anadarko, Agency,
P.O. Box 309, Anadarko, Oklahoma 73005). It is further understood that the proven water reserves value will be accounted for by
EAGLE SPIRIT LAND & WATER COMPANY.

 

CAPITAL CONTRIBUATION BY THE EAGLE SPIRIT
LAND & WATER COMPANY (ESLWC)

 

		1)	ESLWC previously paid in cash or certified
funds to POAFPYBITTY FAMILY, LLC (PF) the amount of Twenty Thousand
Dollars ($20,000) and previously issued warrant to purchase 500,000 shares of ROCKY MOUNTAIN HIGH BRANDS, INC. common stock at
a time and price per share as mutually agreed upon for the utilization of the property as described below.

 

		2)	ESLWC hereby agrees to grow hemp on the Land for experimental or commercial purposes by no later
than the third anniversary of the Effective Date; provided, however, that this obligation will not apply if such activity
(A) is not permitted under applicable law, (B) requires permits or other consents which ESLWC is unable to obtain after using commercially
reasonable efforts, or (C) ESLWC and PF are unable to agree to the related commercial, legal, and other terms and conditions after
using good faith efforts.

 

		3)	ESLWC will have the right but not the obligation to develop the Land during the term for commercial
or other purposes on commercial, legal, and other terms and conditions negotiated by ESLWC and PF in good faith. and

 

		4)	Company will also provide gross revenue to PF as follows: 1) a one-time previously paid deposit
of $2,500; 2) $0.01 per gallon of water removed from the Land; and 3) with respect to all water sold, an amount equal to 3.0% of
the gross purchase price received for the Water. Notwithstanding the foregoing, if the total amount payable for any 12 month period
of the term, other than the initial 12 month period of the term, is less than $30,000 (the “Minimum Annual Amount”)
then PF shall be paid an additional amount equal to the amount of the shortfall. The Minimum Annual Amount shall be adjusted annually
following the first three years of the term, based on the percentage increase or decrease to the Consumer Price Index as determined
by the United States Government.

 

    	 	17	 

    	 

    

 

CAPITAL CONTRIBUATION BY THE POAFPYBITTY
FAMILY, LLC (PF)

 

The Indian surface estate is more
specifically described as “The Southwest Quarter (SW1/4) of Section Thirteen (13), Township 4 North (T4N) Range Twelve West
(R12W), Comanche County, Oklahoma. (BIA Tract 795). A tract of land that contains 160 acres more or less.” ("Land").

 

		1)	The utilization of the artesian springs located on the Indian surface estate of 2 1/2 acres for
use in a bottling/utilizing/selling of water used in a legal beverage product or any other legal use that is agreed upon by all
parties. The term of this capital contribution shall be for 20 years. At the end of the subject 20 year term, ESLWC and PF may
mutually agree on terms to allow a 10 year option to extend the term of this capital contribution.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}]]