Document:

Exhibit 10.2

 

GRANDPARENTS.COM

589 Eighth Avenue, 6th Floor

New York, NY 10018

 

March 27, 2015

 

Mel Harris

10800 Biscayne Boulevard, Floor 10

Miami, FL 33161

 

Dear Mel:

 

This letter (this “Agreement”)
confirms our understanding with respect to the $150,000 in funds provided by you today (the “Funds”)
to Grandparents.com, Inc. (the “Company”) and your intention to participate in the Company’s upcoming
preferred stock PIPE offering (the “Offering”).

 

The parties hereby agree that, until such time
as the Funds have been applied towards your proposed investment in the Offering, the Funds shall constitute a loan to the Company,
bearing simple interest at an annual rate of five percent (5%) and having a maturity date on the first annual anniversary of the
date of this Agreement. It is understood that no interest shall be payable on the Funds if the Funds are applied towards your proposed
investment in the Offering.

 

In addition, we acknowledge that it is your
intention to invest, or cause other accredited investors to invest, in addition to your minimum investment of $500,000 (towards
which the Funds shall be applied upon the closing of the Offering), a minimum aggregate of $1.5 to $2.0 million in the Offering,
on terms to be agreed upon. If the Offering does not occur within 90 days, you may convert,
at your option, the $150,000 loan into 750,000 shares of common stock of the Company and a five year warrant to purchase 187,500
shares of common stock at an exercise price of $.35 per warrant.

 

This Agreement shall be governed by and construed
in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within such State.

 

This Agreement constitutes the entire understanding
of the parties hereto and supersedes all prior understandings among such parties solely with respect to the matters addressed herein.
This Agreement may be amended, and the observance of any term of this Agreement may be waived, with (and only with) the written
consent of all parties hereto.

 

This Agreement may be
executed in counterparts, each of which shall be deemed an original, but all of which, taken together, shall constitute one and
the same instrument.

 

If the foregoing correctly
sets forth our understanding, please so indicate by executing this Amendment in the place indicated below and returning one original
for my files.

  

	 	 	Very truly yours,
	 	 	 
	 	 	GRANDPARENTS.COM, INC.
	 	 	 
	 	 	 
	 	 	By:	/s/ Lee Lazarus	 
	 	 	 	Lee Lazarus	 
	 	 	 	Chief Operating Officer	 

 

	Accepted and agreed to as of

the date first written above.	 	 
	 	 	 
	By:	/s/ Mel Harris	 	 
	 	Mr. Mel HarrisExhibit 10.9 Letter Agreement-Advance

Northsight Capital, Inc.

7740 East Evans Rd.

Scottsdale, AZ 85260

Kae Yong Park

May 15, 2015

Howard R. Baer

PO Box 14110

Scottsdale, AZ 85267

RE: Agreement regarding Loan by Kae Yong Park and Howard R. Baer to Northsight Capital, Inc.

Ladies and Gentlemen:

Sandor Capital Master Fund  (or his designee) (“Sandor”) is willing to loan Kae Yong Park and Howard R. Baer (collectively, “you” or “Lender”) an aggregate of $300,000, in two tranches, the first of which will be $100,000 and the second of which will be $200,000. You are willing to advance to the Company on an unsecured and non-interest bearing basis a minimum of $200,000, subject to your receipt of the $300,000 in funding from Sandor. This is an addition to the $203,000 already owed to you by the Company.

In consideration of your agreement to lend a minimum of an additional $200,000 to the Company, subject to your receipt of funding from Sandor, the Company will issue you a promissory note for the amount actually advanced to the Company (including amounts previously advanced). The amounts due under this Note will be repaid by the Company to you upon the earlier of (i) an event of default (as defined in the Note) (ii) written demand or (iii) the receipt of any offering proceeds by the Company from and after the date hereof, whether in the form of debt, equity or otherwise, to the extent of the funds received from the offering.  For the avoidance of doubt, if the Company receives offering proceeds of $150,000, the Company shall pay the full amount of such proceeds ($150,000) to you up to the amount then owing under the Note.

Kae Yong Park is pledging 55,000,000 shares of Company common stock to Sandor to secure repayment to Sandor of the $300,000 advanced by it. 

If the Company is unable to pay at least $300,000 back to the you on or before the maturity date of your promissory note to Sandor (as it may be extended), and Sandor exercises his rights under the Pledge Agreement to take ownership of the 55,000,000 shares of Company common stock pledged by Kae Yong Park, the Company shall (i) promptly issue Kae Yong Park 10,000,000 shares of common stock for no additional consideration and (ii) the Company shall not effect a reverse split of its common stock for a period of two years from and after the date that Sandor takes ownership of the 55,000,000 shares of the Corporation pledged by Kae Yong Park pursuant to the Pledge Agreement.

Please execute this letter agreement where indicated below, whereupon the Company and you shall be legally bound.

NORTHSIGHT CAPITAL INC.

S/John Bluher                                             

By: John Bluher, CEO

ACCEPTED AND AGREED BY LENDER:

S/Kae Yong Park                                        

Kae Yong Park

S/Howard R. Baer                                      

Howard R. BaerExhibit 10.10 Promissory Note

DEMAND PROMISSORY NOTE

Scottsdale, Arizona

May 19, 2015 

FOR VALUE RECEIVED, the undersigned, Northsight Capital, Inc., a Nevada Corporation with a business address of 7740 E. Evans Road, Scottsdale, AZ 85260 (hereinafter referred to as the “Maker”), hereby promises to pay jointly to the order of Kae Yong Park and Howard. R. Baer, each an individual with a mailing address of PO Box 14110, Scottsdale, AZ, 85267 (collectively, “Holder”), the sum of up to FOUR HUNDRED THREE THOUSAND DOLLARS ($403,000), of which $361,000 is outstanding as of the date hereof (consisting of (i) $203,000 in the aggregate advanced prior to the date hereof (evidenced by two promissory notes dated April 2, 2015, in the aggregate amount of $203,000) and (ii) $158,000 advanced on the date hereof. 

THIS PROMISSORY NOTE SUPERCEDES THE FOLLOWING PROMISSORY NOTES: (1) NOTE ISSUED BY MAKER DATED 04/02/2015 IN THE PRINCIPAL AMOUNT OF $122,000 PAYABLE TO KAE YONG PARK AND (2) NOTE ISSUED BY MAKER DATED 04/02/2015 IN THE PRINCIPAL AMOUNT OF $81,000 PAYABLE TO HOWARD R. BAER.

Notwithstanding anything to the contrary contained herein, the amount of principal due under this Note shall be equal to the amount of advances actually made by the Holder to the Maker, less any repayments made to Holder by Maker as determined by Maker and Holder’s financial books and records, including the amount owing as of the date hereof. The Maker acknowledges and agrees that the Holder shall have no obligation to make further advances to the Maker, and that any further advances shall be at Holder’s sole discretion.  All outstanding principal sums shall be paid by Maker, as set forth below.

The entire balance of outstanding principal and other fees and charges shall be due and payable on the earlier of the following: (i) an Event of Default (as defined below), (ii) written demand by the Holder on the Maker, or (iii) the receipt of any offering proceeds by the Maker from and after the date hereof, whether in the form of debt, equity or otherwise, to the extent of the funds received from the offering.  For the avoidance of doubt, if the Maker receives offering proceeds of $150,000 after the date hereof, the Maker shall pay the full amount of such proceeds to Holder up to the amount then owing under this Note (the “Maturity Date”). There shall be no prepayment penalty. 

The unpaid principal balance from time to time outstanding under this note shall be non-interest bearing.

  

Each of the following shall constitute an “Event of Default” hereunder: (i) Maker’s failure to make any payment when due hereunder; (ii) with respect to Maker, the commencement of an action seeking relief under federal or state bankruptcy or insolvency statutes or similar laws, or seeking the appointment of a receiver, trustee or custodian for Maker or all or part of its assets, or the commencement of an involuntary proceeding against Maker under federal or state bankruptcy or insolvency statues or similar laws, which involuntary proceeding is not dismissed or stayed within thirty (30) days; or (iii) if Maker makes an assignment for the benefit of creditors.  If an Events of Default occurs, the obligations under this note shall become immediately due and payable without notice or demand.  

Maker agrees to pay all reasonable costs and expenses, including, without limitation, reasonable attorneys’ fees and expenses incurred, or which may be incurred, by Holder in connection with the enforcement and collection of this note.  Such costs and expenses shall be payable upon demand for the same and until so paid shall be added to the principal amount of the note.  

Maker hereby waives presentment, demand, notice, protest and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this note, and assent to extensions of the time of payment or forbearance or other indulgence without notice.  No delay or omission of Holder in exercising any right or remedy hereunder shall constitute a waiver of any such right or remedy.  Acceptance by Holder of any payment after demand shall not be deemed a waiver of such demand.  A waiver on one occasion shall not operate as a bar to or waiver of any such right or remedy on any future occasion.

This instrument, together with the Letter Agreement between Maker and Holder dated the date hereof contains the entire agreement among Maker and Holder with respect to the transactions contemplated hereby, and supersedes all negotiations, presentations, warranties, commitments, offers, contracts and writings prior to the date hereof relating to the subject matter hereof.  This instrument may be amended, modified, waived, discharged or terminated only by a writing signed by Maker and accepted in writing by Holder.

This instrument shall be governed by Nevada law, without regard to the conflict of laws provisions thereof.  For purposes of any action or proceeding involving this note, Maker hereby expressly submits to the jurisdiction of all federal and state courts located in the State of Arizona and consents to any order, process, notice of motion or other application to or by any of said courts or a judge thereof being served within or without such court’s jurisdiction by registered mail or by personal service, provided a reasonable time for appearance is allowed (but not less than the time otherwise afforded by any law or rule), and waives any right to contest the appropriateness of any action brought in any such court based upon lack of personal jurisdiction, improper venue or forum non conveniens.  

This Note shall inure to the benefit of Holder’s successors and assigns.

Executed as an instrument under seal, as of the date first above written.

MAKER:

WITNESS:

Northsight Capital, Inc.

S/Bridget Dalton                                       

S/John Bluher                                         

Witness

By: John Bluher, CEO

Print Name: Bridget Dalton                      

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00245-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00245-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00245-of-00352.parquet"}]]