Document:

Exhibit 10.29

 

AMENDED AND RESTATED PROMISSORY NOTE

 

$410,000.26January 1, 2022

 

For value received, GENERATION HEMP, INC., a Delaware
corporation (the “Borrower”), promises to pay to GARY C. EVANS, an individual, or his assigns (the “Holder”),
the principal sum of $410,000.26 (U.S. Dollars), together with all accrued and unpaid interest thereon as set forth below. It is expressly
understood that the commitment to provide the first principal sum of $100,000 was agreed to on July 20, 2021 and all provisions of this
unsecured promissory note shall be deemed effective as of such date and all financial obligations shall accrue from such date with respect
to such amount. It is expressly understood that the commitment to provide the second principal sum of $100,000.00 was agreed to on August
3, 2021 and all provisions of this unsecured promissory note shall be deemed effective as of such date and all financial obligations shall
accrue from such date with respect to such amount. It is expressly understood that the commitment to provide the third principal sum of
$100,000.00 was agreed to on August 23, 2021 and all provisions of this unsecured promissory note shall be deemed effective as of such
date and all financial obligations shall accrue from such date with respect to such amount. It is expressly understood that the commitment
to provide the fourth principal sum of $50,000.00 was agreed to on September 9, 2021 and all provisions of this unsecured promissory note
shall be deemed effective as of such date and all financial obligations shall accrue from such date with respect to such amount. It is
expressly understood that the commitment to provide the fifth principal sum of $270,000.00 was agreed to on September 29, 2021 and all
provisions of this unsecured promissory note shall be deemed effective as of such date and all financial obligations shall accrue from
such date with respect to such amount. It is expressly understood that the commitment to provide the sixth principal sum of $15,000.00
was agreed to on October 19, 2021 and all provisions of this unsecured promissory note shall be deemed effective as of such date and all
financial obligations shall accrue from such date with respect to such amount. It is expressly understood that the commitment to provide
the seventh principal sum of $50,000.00 was agreed to on November 10, 2021 and all provisions of this unsecured promissory note shall
be deemed effective as of such date and all financial obligations shall accrue from such date with respect to such amount. It is expressly
understood that the commitment to provide the eighth principal sum of $25,000.00 was agreed to on December 8, 2021 and all provisions
of this unsecured promissory note shall be deemed effective as of such date and all financial obligations shall accrue from such date
with respect to such amount. All payments of principal and interest hereunder shall be made by check or wire transfer pursuant to wire
transfer instructions that may be provided by the Holder to the Borrower from time to time.

 

		1.	Payments; Conversion. The Borrower shall make the principal payment on June 30, 2022 to the Holder, together with accrued
and unpaid interest hereunder. Notwithstanding to the contrary, all outstanding principal and all accrued and unpaid interest hereunder
shall be due and payable in full at that time. In addition, the Holder shall have the option to convert the then outstanding balance of
principal and interest under this Note into restricted shares of the Borrower’s Common Stock at a conversion price equal to $0.50
per share of Common Stock.

 

		2.	Alternative Payment. Any time prior to June 30, 2022, if Borrower raises new equity capital in the amount of three million
dollars ($3,000,000.00) or greater, then within five (5) business days of closing, repayment of all outstanding principal and interest
on this Convertible Promissory Note will be due.

 

    PROMISSORY NOTE – Page 1

     

    

 

		3.	Interest Rate. Simple interest on the unpaid principal balance of this Note shall accrue at the lesser of ten percent
(10%) per annum and the highest rate permitted by law. If an Event of Default (as defined below) shall occur under this Note, interest
shall immediately commence accruing at a default rate of twelve percent (12%) per annum.

 

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

 

		(a)	Failure to Pay Principal or Interest. The Borrower fails to pay any installment of principal or interest due under this Note
when due and such failure continues for a period of five (5) days after written notice.

 

		(b)	Receiver or Trustee. The Borrower shall make an assignment for the benefit of creditors, or applies for or consents to the
appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver of trustee shall
otherwise be appointed without the consent of the Borrower, which shall constitute an automatic Event of Default and shall result in all
remaining unpaid principal and interest due hereon immediately due and payable without the written demand from the Holder.

 

		(c)	Bankruptcy. Bankruptcy, insolvency, reorganization, or liquidation proceedings or other proceedings or relief under any bankruptcy
law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the
Borrower, which shall constitute an automatic Event of Default and shall result in all remaining unpaid principal and interest due hereon
immediately due and payable without the written demand from the Holder.

 

		5.	Termination. Upon payment of all cash amounts due to the Holder as provided in this Note, the Borrower will forever
be released from all of its payment obligations and liabilities under this Note and the Holder agrees to promptly return to the Borrower
the Note marked “paid in full”. This Note may be prepaid, in whole or in part, without the prior consent of the Holder.

 

    PROMISSORY NOTE – Page 2

     

    

 

		6.	Miscellaneous

 

		(a)	Successors and Assigns. This Note shall be binding upon successors and assigns of the Borrower, and shall inure to the benefit
of the successors and permitted assigns of the Holder.

 

		(b)	Severability. The unenforceability or invalidity of any provision or provisions of this Note shall not render any other provision
or provisions herein contained unenforceable or invalid.

 

		(c)	Notice. Any notice or communication required to be given hereunder may be delivered by hand or deposited with an overnight
courier (with overnight delivery instructions), if to the Borrower, to the address of the Borrower’s corporate headquarters, and
if to the Holder, to the last address of the Holder set forth in the Borrower’s books and records. Notice shall be deemed given
and received on the date sent if sent by personal delivery; and one (1) day after the date sent if sent by overnight courier.

 

		(d)	Entire Agreement. This Note contains the entire and complete understanding between the parties concerning its subject matter
and all representations, agreements, arrangements, and understandings between or among the parties, whether oral or written, have been
fully merged herein and are superseded thereby, except for representations, agreements, and understandings between or among the parties
made pursuant to the Purchase Agreement and any other agreements entered into in connection therewith and herewith. The Note may be modified
only by a writing signed by both parties.

 

		(e)	Governing Law; Attorneys’ Fees. This Note shall be governed by and construed in accordance with the laws of the State
of Texas, without giving effect to its principles regarding conflicts of law. Upon default, the breaching party agrees to pay to the non-breaching
party reasonable attorneys’ fees, plus all other reasonable expenses, incurred by the non-breaching party in exercising any of the
non-breaching party’s rights and remedies.

 

		(f)	Jurisdiction. The parties (a) hereby irrevocably and unconditionally submit to the jurisdiction of the state courts of the
State of Texas, Dallas County, and to the jurisdiction of the United States District Court for the State of Texas, for the purpose of
any suit, action, or other proceeding arising out of or based upon this Note; (b) agree not to commence any suit, action, or other proceeding
arising out of or based upon this Note except in the state courts of the State of Texas, Dallas County, or the United States District
Court for the State of Texas; and (c) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such
suit, action, or proceeding, any claim that it is not subject personally to the jurisdiction of the above named courts, that its property
is exempt or immune from attachment or execution, that the suit, action, or proceeding is brought in an inconvenient forum, that the venue
of the suit, action, or proceeding is improper or that this Note or the subject matter hereof may not be enforced in or by such court.

 

		(g)	FINAL AGREEMENT. THIS NOTE AND ALL OTHER INSTRUMENTS, DOCUMENTS, AND AGREEMENTS EXECUTED AND DELIVERED BY THE BORROWER IN
CONNECTION WITH THE INDEBTEDNESS EVIDENCED BY THIS NOTE EMBOTY THE FINAL, ENTIRE AGREEMENT OF THE BORROWER AND THE HOLDER WITH RESPECT
TO THE INDEBTEDNESS EVIDENCED BY THIS NOTE AND SUPERSEDE ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS, AND UNDERSTANDINGS,
WHETHER WRITTEN OR ORAL, RELATING TO THE INDEBTEDNESS EVIDENCED BYT HIS NOTE AND MAY NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE BORROWER AND THE HOLDER. THERE ARE NO ORAL AGREEMENTS BETWEEN THE
BORROWER AND THE HOLDER.

 

		(h)	Subordination. By its acceptance hereof, the Holder agrees that the indebtedness evidenced by this Note, including the principal
of and interest thereon, shall be subordinate to and subject in right of payment, to the extent hereinafter set forth, to the prior payment
in full of all principal, interest, and any other sums then due on all existing or future Senior Indebtedness of the Borrower. The term
“Senior Indebtedness” shall mean secured and unsecured indebtedness of the Borrower, or with respect to which the Borrower
is a guarantor, for money borrowed by the Borrower from any financial institution or other sources prior to the date of this unsecured
promissory note.

 

Signature Page Follows

 

    PROMISSORY NOTE – Page 3

     

    

 

IN WITNESS WHEREOF, the Borrower has executed
this Note as of the date set forth above.

 

	 	GENERATION HEMP, INC.,
	 	a Delaware Corporation
	 	 	 
	 	By:	/s/ Joe McClaugherty
	 	 	Joe McClaugherty
	 	 	Lead Director

 

 

 

PROMISSORY NOTE – Page 4Exhibit 10.30

 

REAL PROPERTY OPTION TO PURCHASE CONTRACT

 

This REAL PROPERTY OPTION
TO PURCHASE CONTRACT (this “Contract”) is made and entered into as of December 31, 2020 and signed on January 11, 2021,
by and between

 

	 	 	 	 	 
	 	 	OZ CAPITAL, LLC	 	 
	 	 	a Texas limited liability company	 	 
	 	 	222 West Exchange Street	 	 
	 	 	Fort Worth, Texas 76164	 	(“ Grantor”)
	and	 	 	 	 
	 	 	GENH HALCYON ACQUISITION, LLC	 	 
	 	 	a Texas limited liability company	 	 
	 	 	PO Box 540308	 	 
	 	 	Dallas, Texas 75354	 	(“Optionee”).

 

RECITALS

 

A. Grantor
is the owner in fee simple of the Property (hereinafter defined).

 

B. In
connection with the consummation of the transactions under the APA (hereinafter defined), Grantor desires to grant Optionee an option
to purchase and acquire the Property, pursuant to the terms and conditions contained in this Contract. 

 

NOW, THEREFORE, in consideration
of the mutual representations, benefits and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency
of which are acknowledged and confirmed, Grantor and Optionee covenant and agree as follows:

 

TERMS AND CONDITIONS

 

1. The
Property. The real property consists of one parcel located at 400 Mitsubishi Lane, Christian County, Kentucky 42240, as more particularly
described on EXHIBIT “A”, together with any and all improvements now existing or hereafter located thereon (the “Property”).

 

2. Option
Purchase Price. For $575,000.00 (the “Purchase Price”) to be allocated to the Property out of the “Purchase Price”
set forth in that certain Asset Purchase Agreement, dated as of March 7, 2020, as amended by that certain First Amendment to Asset Purchase
Agreement, dated as of the date hereof, by and among Generation Hemp, Inc., a Colorado corporation (“GENH”), Buyer, Seller,
OZC Agriculture KY, LP, a Texas limited partnership, Halcyon Thruput, LLC, a Texas limited liability company, Jack Sibley, a resident
of the State of Texas, and Watt Stephens, a resident of the State of Texas (the “APA”), Optionee shall be granted an option
to acquire the Property from Grantor free and clear of all liens for a purchase price of $993,000.00 for a period of one (1) year from
the date of this Option Agreement.

 

3.  Closing;
Closing Costs; Closing Documents. 

 

(c) Closing
Costs. In the event of the exercise of this option by the Optionee, Optionee shall pay the recording fee for the general warranty
deed. Optionee shall pay for preparation of the deed, the transfer tax on the deed and all title examination fees and title insurance
premiums, if any, necessary to provide Optionee with an owner’s policy of title insurance (the “Title Policy”). Grantor
and Optionee shall be responsible for the payment of their own respective attorneys’ fees and expenses.

 

(d) General
Warranty Deed. On the closing date specified in the exercise of this Option (the “Option Closing Date”) , Grantor shall
convey to Optionee an unencumbered, marketable fee simple title to the Property by recordable deed of general warranty, free and clear
of all liens and encumbrances, except liens for real property taxes and assessments for the current year not yet due and payable and thereafter,
and all exceptions to title contained in the Title Policy.

 

REAL PROPERTY OPTION TO PURCHASE CONTRACT– Page
1

 

     

     

    

 

(e) Real
Property Taxes. All real property ad valorem taxes and assessments against or on the Property, due and payable in the year of Closing,
shall be prorated between Optionee and Grantor as of the Option Closing Date on a calendar year or fiscal year basis, whichever is appropriate.

 

(f) Utility
Charges. Grantor shall pay all charges for utility services rendered before the Option Closing Date with respect to the Property,
and Optionee shall pay all charges for utility services rendered on or after the Option Closing Date. All utility meters with respect
to the Property, if any, shall be read by a representative of each utility company on the Option Closing Date.

 

4. Possession.
Exclusive possession of the Property shall be delivered to Optionee on the Closing Date.

 

5. As
Is Condition. Optionee acknowledges and agrees that, except as specifically set forth herein, Grantor is not making and has not at
any time made any warranties or representations of any kind or character, express or implied, with respect to the Property, including,
but not limited to, any warranties or representations as to the habitability, merchantability, fitness for a particular purpose, zoning,
physical defects or condition, environmental condition, compliance with applicable laws, rules and regulations or any other matter whatsoever
regarding the Property, except as provided herein. Subject to Grantor’s representations and warranties specifically set forth herein,
Optionee acknowledges and agrees that upon Closing, Grantor shall sell and convey the Property to Optionee and Optionee shall accept the
Property “AS IS AND WITH ALL FAULTS.” Optionee has not relied and will not rely on, and Grantor is not liable for or bound
by, any expressed or implied warranties, guaranties, statements, representations, or information pertaining to the Property or relating
thereto made or furnished by any agent representing or purporting to represent Grantor.

 

6. Risk
of Loss. All risk of loss with respect to the Property shall remain with Grantor until the closing and delivery of the deed to Optionee
on the Option Closing Date.

 

7. Default.
If, following the full execution of this Contract, either party defaults in the performance of its duties or obligations under this Contract,
then:

 

(a) if
Optionee is the party in default and such default is not cured within seven (7) days, (i) this Contract shall become null and void; and
(ii) Grantor may pursue any other remedy available at law or in equity; and

 

(b) if
Grantor is the party in default and such default is not cured within seven (7) days after written notice, (i) Optionee may declare this
Contract null and void; and (ii) Optionee may pursue any other remedy available at law or in equity.

 

8. Notice.

 

(a) Delivery.
Any notice or consent authorized or required by this Contract shall be in writing and (i) delivered personally; (ii) sent postage prepaid
by certified mail or registered mail, return receipt requested; or (iii) sent by a nationally recognized overnight carrier that guarantees
next day delivery, directed to the other party at the address first set forth above or such other parties or addresses as may be designated
by either Optionee or Grantor by notice given from time to time in accordance with this Paragraph 8.

 

(b) Receipt.
A notice or consent given in accordance with this Paragraph 8 shall be deemed received (i) upon delivering it in person; (ii) three days
after depositing it in an office of the United States Postal Service or any successor governmental agency; or (iii) one day after giving
it to a nationally recognized overnight carrier.

 

9. Benefit
and Binding Effect. This Contract shall be binding upon, and shall inure to the benefit of, the parties hereto, their respective heirs,
legal representatives, successors and assigns.

 

10. Time
of the Essence. Time is of the essence for this Contract.

 

REAL PROPERTY OPTION TO PURCHASE CONTRACT– Page
2

 

     

     

    

 

11. Governing
Law. This Contract shall be governed by and construed in accordance with the laws of the Commonwealth of Kentucky.

 

12. Entire
Agreement. This Contract contains the entire agreement between the parties hereto with respect to the matters to which it pertains,
and may be amended only by written agreement signed by both Optionee and Grantor.

 

13. Headings.
The paragraph headings used herein are for convenience purposes only and do not constitute matters to be construed in interpreting this
Contract.

 

14. Assignment.
Optionee may not assign this Contract to any party, without the consent of Grantor.

 

15.  Further
Assurances. The parties hereto shall take such further action and execute such documents and instruments as shall be reasonably necessary
to consummate the transactions contemplated by this Contract.

 

 16. Memorandum.
Optionee may file a memorandum of this Contract in the real property records of

Christian County, Kentucky

 

Signature Page Follows

 

REAL PROPERTY OPTION TO PURCHASE CONTRACT– Page
3

 

     

     

    

 

IN WITNESS WHEREOF, the parties
acting by and through their duly authorized representatives, duly executed this Contract as of the date first set forth above, but actually
on the dates set forth below.

 

	 	GRANTOR:
	 	 
	 	OZ CAPITAL, LLC, 
	 	a Texas limited liability company
	 	 	 
	 	By:	/s/ Watt Stephens
	 	Name:	Watt Stephens
	 	Title:	Partner
	 	 	 
	 	Date:	1/11/21

 

	 	OPTIONEE:
	 	 	 
	 	GENH HALCYON ACQUISITION, LLC,
	 	a Texas limited liability company
	 	 	 
	 	By:	/s/ Gary C. Evans
	 	 	Gary C. Evans, Chairman and CEO
	 	 	 
	 	Date:	January 11, 2021

 

REAL PROPERTY OPTION TO PURCHASE CONTRACT  – Signature
Page

 

     

     

    

 

EXHIBIT A

 

BEING Lot 4, Hopkinsville Industrial
Park, as shown by plat of record in Plat Cabinet 4, File 467, in the Office of the Clerk of Christian County, Kentucky.

 

THERE IS EXCEPTED FROM the foregoing
Lot 4, so much thereof as was conveyed to the Commonwealth of Kentucky, for the use and benefit of the Transportation Cabinet, Department
of Highways, by Deed dated December 12, 1994, and recorded in Deed Book 516 at Page 140, Christian County Clerk’s Office, as amended
by a Deed of Correction dated July 14, 1995, and recorded in Deed Book 522, at Page 325, same office, which property is described as follows:

 

Beginning at a point 40.00 feet
right of US41 Nashville Rd. Station 27+24.44; thence South 50o 12’ 02” East, 92.69 feet to a point 40.00 feet right
of US41 Nashville Rd. station 28+17.13; thence South 41o 26’ 45” East, 164.26 feet to a point 65.00 feet right
of US41 Nashville Rd station 29+79.48; thence South 39o 48’ 06” West, 14.32 feet to a point 79.32 feet right of
US41 Nashville Rd. station 29+79.48; thence North 48o 17’ 29” West, 214.77 feet to a point 72.16 feet right of
US41 Nashville Rd. station 27+64.83; North 11o 40’ 29” West, 51.63 feet to the point of beginning, containing .146
acres (6,345 sq. ft.), more or less.

 

Source of Title:

 

Being the same property acquired
by MetoKote Corporation, an Ohio corporation, by General Warranty Deed of Conveyance dated June 30, 2000, of record in Deed Book 569,
Page 318, in the Office of the Clerk of Christian County, Kentucky.

 

TOGETHER with the right to use,
for ingress and egress, the 50 foot, non-exclusive access easement as set out in Easement dated February 7, 1995, of record in Misc. Book
40, Page 721, state out in Deed Book 568, Page 313, and as shown as proposed 50 foot right of way on Plat recorded in Plat Cabinet 5,
Page 273, all in the office aforesaid.

 

REAL PROPERTY OPTION TO PURCHASE CONTRACT

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