Document:

GRYPHON RESOURCES, INC.

CONVERTIBLE PROMISSORY NOTE

 

$5,000.00   Onondaga
County

November 21, 2018 State of New York

 

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933. THEY MAY NOT BE SOLD, OFFERED FOR SALE, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT WITH RESPECT TO SUCH SECURITIES UNDER SUCH ACT OR AN OPINION OF COUNSEL SATIFACTORY TO THE COMPANY THAT
SUCH REGISTRATION IS NOT REQUIRED OR UNLESS SUCH SECURITIES ARE SOLD PURSUANT TO RULE 144 OF SUCH ACT.

 

WHEREAS, when a company
is in custodianship, there are generally costs that must be met in order for the judicially appointed custodian to complete and
discharge its duties as custodian (for example payment must be made to: transfer agents, secretaries of state, edgar filing agents,
auditors and attorneys, etc. (“Custodial Costs”);

 

WHEREAS, Custodial Management,
LLC has been appointed as the custodian of Gryphon Resources, Inc. (the “Custodianship”);

 

WHEREAS, Tourmeline Ventures,
Inc. has agreed to pay certain Custodial Costs of the Custodianship in the amount set forth herein;

 

WHERAS, from time to time,
Joseph Passalaqua, may advance said certain Custodial Costs on behalf of Tourmeline Ventures, Inc., however all payments due hereunder
are payable to Tourmeline Ventures, Inc.; and the right to convert any or all sums due hereunder are those of Tourmeline Ventures,
Inc. regargless of whether Joseph Passalaqua had advanced the funds advanced to Gryphon Resources, Inc..

 

WHEREAS, notwithstanding
the fact that Joseph Passalaqua may directly advance funds to Gryphon Resources, Inc. on behalf of Tourmeline Ventures, Inc. (instead
of first contributing capital to Tourmeline Ventures, Inc.), all such advances shall be deemed to have been paid directly by Tourmeline
Ventures, Inc. to Gryphon Resources, Inc. for purposes of this note (and in the case of Mr. Passalaqua, shall be deemed a capital
contribution to Tourmeline Ventures, Inc.).

 

 

FOR VALUE RECEIVED,
GRYPHON RESCOURCES, INC. (“GRYP”), a Nevada corporation (“Maker”), promises to pay to the order
of Tourmeline Ventures, Inc.
(“Holder”), the aggregate principal amount of Five Thousand and 00/100 Dollars ($5,000.00) plus interest (the
“Aggregate Loan Amount”), at 10% interest annually. Payment shall be made by Maker to Holder at the offices
of Holder, located at 106 Glenwood Drive South, Liverpool, NY 13090, or to such other office as Holder may, from time to time,
designate in writing to Maker.

 

    

    

    

 

 

The Aggregate Loan Amount
shall be due and payable as follows:

 

Payment AmountDue Date

 

$5,500.00 November 21,
2019

 

Payment shall be made in
lawful tender of the United States and may be made at any time without penalty or premium.

 

The unpaid balance under
this Note (or any portion thereof) shall be convertible at the option of Holder into shares of Maker’s Common Stock at any
time prior to the earlier of repayment in full of this Note or the Maturity Date, upon Maker’s receipt of written notice
by Holder. The price per share of Maker’s Common Stock into which such unpaid balance may be converted shall be $.0001.

 

In the event Holder institutes
an action to collect this Note, Maker will pay all costs and expenses, including reasonable attorneys’ fees, incurred in
connection with such action. Maker hereby waives notice of default, presentment or demand for payment, protest or notice of nonpayment
or dishonor and all other notices or demands relative to this instrument.

 

In the event a court of
competent jurisdiction holds any provision of this Note to be invalid or unenforceable, such holding shall not affect any other
provision of this Note and all such other provisions shall remain in full force and effect.

 

This Note shall be construed
in accordance with the laws of the State of New York, without regard to the conflicts of law provisions of the State of Nevada
or of any other state.

 

IN WITNESS WHEREOF,
Maker has caused this Convertible Promissory Note to be issued as of the date first above written.

 

GRYPHON RESOURCES, INC.

 

 

By:/s/Anthony Lombardo Anthony
Lombardo, PresidentGRYPHON RESOURCES, INC.

CONVERTIBLE PROMISSORY NOTE

 

$10,000.00   Onondaga
County

January 15, 2019 State of New York

 

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933. THEY MAY NOT BE SOLD, OFFERED FOR SALE, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT WITH RESPECT TO SUCH SECURITIES UNDER SUCH ACT OR AN OPINION OF COUNSEL SATIFACTORY TO THE COMPANY THAT
SUCH REGISTRATION IS NOT REQUIRED OR UNLESS SUCH SECURITIES ARE SOLD PURSUANT TO RULE 144 OF SUCH ACT.

 

WHEREAS, when a company
is in custodianship, there are generally costs that must be met in order for the judicially appointed custodian to complete and
discharge its duties as custodian (for example payment must be made to: transfer agents, secretaries of state, edgar filing agents,
auditors and attorneys, etc. (“Custodial Costs”);

 

WHEREAS, Custodial Management,
LLC has been appointed as the custodian of Gryphon Resources, Inc. (the “Custodianship”);

 

WHEREAS, Tourmeline Ventures,
Inc. has agreed to pay certain Custodial Costs of the Custodianship in the amount set forth herein;

 

WHERAS, from time to time,
Joseph Passalaqua, may advance said certain Custodial Costs on behalf of Tourmeline Ventures, Inc., however all payments due hereunder
are payable to Tourmeline Ventures, Inc.; and the right to convert any or all sums due hereunder are those of Tourmeline Ventures,
Inc. regargless of whether Joseph Passalaqua had advanced the funds advanced to Gryphon Resources, Inc..

 

WHEREAS, notwithstanding
the fact that Joseph Passalaqua may directly advance funds to Gryphon Resources, Inc. on behalf of Tourmeline Ventures, Inc. (instead
of first contributing capital to Tourmeline Ventures, Inc.), all such advances shall be deemed to have been paid directly by Tourmeline
Ventures, Inc. to Gryphon Resources, Inc. for purposes of this note (and in the case of Mr. Passalaqua, shall be deemed a capital
contribution to Tourmeline Ventures, Inc.).

 

 

FOR VALUE RECEIVED,
GRYPHON RESCOURCES, INC. (“GRYP”), a Nevada corporation (“Maker”), promises to pay to the order
of Tourmeline Ventures, Inc.
(“Holder”), the aggregate principal amount of Ten Thousand and 00/100 Dollars ($10,000.00) plus interest (the
“Aggregate Loan Amount”), at 10% interest annually. Payment shall be made by Maker to Holder at the offices
of Holder, located at 106 Glenwood Drive South, Liverpool, NY 13090, or to such other office as Holder may, from time to time,
designate in writing to Maker.

 

    

    

    

 

 

The Aggregate Loan Amount
shall be due and payable as follows:

 

Payment AmountDue Date

 

$11,000.00 January 15,
2020

 

Payment shall be made in
lawful tender of the United States and may be made at any time without penalty or premium.

 

The unpaid balance under
this Note (or any portion thereof) shall be convertible at the option of Holder into shares of Maker’s Common Stock at any
time prior to the earlier of repayment in full of this Note or the Maturity Date, upon Maker’s receipt of written notice
by Holder. The price per share of Maker’s Common Stock into which such unpaid balance may be converted shall be $.0001.

 

In the event Holder institutes
an action to collect this Note, Maker will pay all costs and expenses, including reasonable attorneys’ fees, incurred in
connection with such action. Maker hereby waives notice of default, presentment or demand for payment, protest or notice of nonpayment
or dishonor and all other notices or demands relative to this instrument.

 

In the event a court of
competent jurisdiction holds any provision of this Note to be invalid or unenforceable, such holding shall not affect any other
provision of this Note and all such other provisions shall remain in full force and effect.

 

This Note shall be construed
in accordance with the laws of the State of New York, without regard to the conflicts of law provisions of the State of Nevada
or of any other state.

 

IN WITNESS WHEREOF,
Maker has caused this Convertible Promissory Note to be issued as of the date first above written.

 

GRYPHON RESOURCES, INC.

 

 

By:/s/Anthony Lombardo Anthony
Lombardo, PresidentGRYPHON RESOURCES, INC.

PROMISSORY NOTE

 

 

$ 4,000.00  Dated: March 31, 2019

 

Principal Amount$ 4,000.00 State of New York

 

WHEREAS, when a company is in custodianship,
there are generally costs that must be met in order for the judicially appointed custodian to complete and discharge its duties
as custodian (for example payment must be made to: transfer agents, secretaries of state, edgar filing agents, auditors and attorneys,
etc. (“Custodial Costs”);

 

WHEREAS, Custodial Management, LLC has been
appointed as the custodian of Gryphon Resources, Inc. (the “Custodianship”);

 

WHEREAS, Tourmeline Ventures, Inc. has agreed
to pay certain Custodial Costs of the Custodianship in the amount set forth herein;

 

WHERAS, from time to time, Joseph Passalaqua,
may advance said certain Custodial Costs on behalf of Tourmeline Ventures, Inc., however all payments due hereunder are payable
to Tourmeline Ventures, Inc.

 

WHEREAS, notwithstanding the fact that Joseph
Passalaqua may directly advance funds to Gryphon Resources, Inc. on behalf of Tourmeline Ventures, Inc. (instead of first contributing
capital to Tourmeline Ventures, Inc.), all such advances shall be deemed to have been paid directly by Tourmeline Ventures, Inc.
to Gryphon Resources, Inc. for purposes of this note (and in the case of Mr. Passalaqua, shall be deemed a capital contribution
to Tourmeline Ventures, Inc.).

 

FOR VALUE RECEIVED, the undersigned hereby
jointly and severally promise to pay to the order of Tourmeline Ventures, Inc. the sum of Four Thousand and 00/100 dollars ($4,000.00),
together with interest thereon at the rate of 10% per annum on the unpaid balance. Said sum shall be paid in the manner following:

 

In full and upon demand

 

All payments shall be first applied to interest
and the balance to principal. This note may be prepaid, at any time, on whole or in part, without penalty. All prepayments shall
be applied in reverse order of maturity.

 

This note shall at the option of any holder
hereof be immediately due and payable upon the failure to make any payment due hereunder within 5 days of its due date.

 

In the event this note shall be in default,
and placed with an attorney for collection, then the undersigned agree to pay all reasonable attorney fees and costs of collection.
Payments not made within five (5) days of due date shall be subject to a late charge of 5% of said payment. All payments hereunder
shall be made to such address as may from time to time be designated by any holder hereof.

 

    

    

    

s

 

The undersigned and all other parties to this
note, whether as endorsers, guarantors or sureties, agree to remain fully bound hereunder until this note shall be fully paid and
waive demand, presentment and protest and all notices thereto and further agree to remain bound, notwithstanding any extension,
renewal, modification, waiver, or other indulgence by any holder or upon the discharge or release of any obligor hereunder or to
this note, or upon the exchange, substitution, or release of any collateral granted as security for this note. No modification
or indulgence by any holder hereof shall be binding unless in writing; and any indulgence on any one occasion shall not be an indulgence
for any other or future occasion. Any modification or change of terms, hereunder granted by any holder hereof, shall be valid and
binding upon each of the undersigned, notwithstanding the acknowledgment of any of the undersigned, and each of the undersigned
does hereby irrevocably grant to each of the others a power of attorney to enter into any such modification on their behalf. The
rights of any holder hereof shall be cumulative and not necessarily successive. This note shall take effect as a sealed instrument
and shall be construed, governed and enforced in accordance with the laws of the State first appearing at the head of this note.
The undersigned hereby execute this note as principals and not as sureties.

 

	 	 	 
	 	 
	By:	 	/s/ Anthony Lombardo
	 	 	
        Gryphon Resources, Inc.
        Anthony Lombardo, CEO

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