Document:

10% CONVERTIBLE PROMISSORY
NOTE

GOLDSPAN RESOURCES,
INC.

 

EXHIBIT A

 

This note, and any shares
acquired upon conversion hereof, have not been registered under the securities act of 1933, as amended, (the "act") or
any state securities laws, and may not be sold, offered for sale, pledged, hypothecated, or otherwise transferred in the absence
of (a) an effective regl$1ration statement under the act and any applicable state securities laws, or (b) an opinion of counsel
acceptable to counsel for the issuer that such registration Is not required and that the proposed transfer may be made without
violation of the act and any applicable state securities taw.

 

$10,000.00 on 2/28, 2013

GOLDSPAN RESOURCES, INC.

(a Nevada Corporation)

 

CONVERTIBLE NOTE

Due On or Before December 31, 2013

 

GOLDSPAN RESOURCES,
INC., a Nevada corporation (the "Company"), for value received and intending to be legally bound, hereby promises
to pay to the order of Equipment & Trucks Inc. who resides at 1739 S. Count Rd. 13C, Loveland CO 80537 or
registered assigns ("Holder"), the principal amount of ten thousand ($10,000) on or before December 31,
2014, together with interest thereon as set forth herein.

 

1.
Convertible Note. This Convertible Note is one of a duly authorized issue of the Company's Convertible Notes (a "Note"
or the "Notes"), up to a maximum of Two Hundred Fifty Thousand Dollars ($250,000) in relevant subscriptions.

 

2.
Principal and Interest Payment. This Note and all accrued interest thereon shall be due and payable on or before December
31, 2014. Interest shall be calculated at the rate of ten percent (10%) per annum. Payment of principal and all accrued interest
on this Note shall be made upon presentation of this Note by the Holder at the offices of the Company, in lawful money of the
United States of America, by delivery of a check payable in immediately available funds to the Holder at Holder's address; PROVIDED
HOWEVER, the Holder may, at his option, accept such payment in Shares (as hereinafter defined), instead of by payment of money,
the number of Shares to be determined by dividing the amount of the payment then due by the Conversion Price (as hereinafter defined).
The Company may prepay all or any portion of this Note at any time, subject to the notice provisions and limitations included here
in below.

 

The Company may treat
the Holder on the Note Register kept by the Company as the owner of this Note for the purpose of receiving payment and for all
other purposes and the Company shall not be affected by any notice to the contrary. This Note is transferable only (i) in accordance
with the terms hereof, and (ii) by surrender thereof at an office or agency of the Company where this Note is payable, duly endorsed
or accompanied by a written instrument duly executed by the Holder of this Note or his attorney duly authorized in writing.

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3. Conversion of Note. This Note may be converted
into shares of Common Stock of the Company, as follows:

 

(a) Conversion.
Subject to and upon compliance with the provisions of this section captioned "Conversion of Note," at the option of the
Holder, at any time before December 31, 2014, the unpaid principal balance of the Note may be converted, in whole or in part, into
fully paid and non-assessable shares of Common Stock, par value $0.0001 (1/1000) per share, of the Company (the "Shares"),
at a conversion price of $0.10 per share (the "Conversion Price'), and the result thereof shall be divided into the portion
of the then outstanding principal balance and the result thereof shall be the number of Shares to be issued to Holder and the principal
represented thereby shall be canceled upon delivery of the Note to the offices of the Company. Such conversion shall be effectuated
by the Holder submitting to the Company a notice of conversion attached hereto as Exhibit "1" (the "Conversion Notice"),
which the Holder shall execute and return to the Company. The Conversion Notice shall state the dollar amount thereof to be so
converted and shall include or be accompanied by representations as to the Holder's investment intent substantially similar to
those contained in this Note. Shares Issuable upon conversion of the Note shall be issued In the name of the Holder and shall be
transferable only in accordance with all of the terms and restrictions contained herein. No fractional Shares shall be issued or
delivered upon conversion of the Note.

 

(b) Subdivision or
Combination. Whenever the Company shall subdivide or combine the outstanding shares of Common Stock issuable upon conversion
of this Note, the Conversion Price in effect immediately prior to such subdivision or combination shall be proportionately decreased
in the case of subdivision or increased in the case of combination effective at the time of such subdivision or combination.

 

(c) Reclassification or Change. Whenever
any reclassification or change of the outstanding shares of Common Stock shall occur (other than a change in par value, or from
par value to no, par, or from no par to par value, or as a result of a subdivision or combination). effective provision shall be
made whereby the Holder shall have the right, at any time thereafter, to receive upon conversion of this Note the kind of stock,
other securities or property receivable upon such reclassification by a holder of the number of shares of Common Stock issuable
upon conversion of this Note immediately prior to such reclassification. Thereafter, the rights of the Holder with respect to the
adjustment of the amount of securities or other property obtainable upon conversion of this Note shall be appropriately continued
and preserved, so as to afford as nearly as may be possible protection of the nature afforded by this subparagraph (c).

 

(d) Merger. If,
prior to repayment of the obligations relevant hereto, or prior to Holder's conversion of this Note into equity in the Company,
the Company shall be consolidated or merged with another company, or substantially all of its assets shall be sold to another company
in exchange for stock with the view to distributing such stock to its shareholders, each share of stock Into which this Note is
convertible shall be replaced for the purposes here of by a pro rata amount of the securities or property issuable or distributable,
based upon the percentage of the Company's Common Stock which a Holder would have owned had a Holder exercised his/her/its conversion
rights herein after consummation of such merger, consolidation or sale and adequate provision to that effect shall be made at the
time thereof. The Company will provide the Holder at least thirty (30) days prior written notice of any event described in this
subsection (d).

 

(e) Minimal Adjustments.
The Company shall not be required to make any adjustment of the Conversion Price the amount of which shall be less than $.01, but
in such case any adjustment that would otherwise be required to be made shall be carried forward and shall be made at the time
and together with the next subsequent adjustment which, when aggregated with any adjustment or adjustments so carried forward,
shall amount to not less than $.01.

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(f) Notices of Record Date. In case

 

(I) The Company shall declare a dividend
(or make any other distribution) on its shares of Common Stock payable otherwise than in cash out of its earned surplus: or

 

(II) The Company
shall grant the holders of its Common Stock the right to subscribe for or purchase any shares of its capital stock of any class;
or

 

(III) The Company
shall make any distribution on or in respect of the Common Stock in connection with the dissolution, liquidation or winding up
of the Company: or

 

(IV) There is to
be a reclassification of the Common Stock of the Company (other than the subdivision or combination of its outstanding shares of
Common Stock), a consolidation or merger to which the Company is a party and in connection with which approval of any class of
stockholders of the Company is required, or a sale or conveyance of the property of the Company as an entirety or substantially
as an entirety, then and in each such event. the Company shall mail or cause to be mailed to the Holder a notice specifying the
date on which any action is to be taken for the purpose of such dividend, distribution or granting of rights, or the date on which
such reclassification, consolidation or merger is expected to become effective, and the time, if any, as of which the holders of
record of Common Stock shall be entitled to exchange their shares of Common Stock for securities or other property deliverable
upon such reorganization or reclassification. Such notice shall be mailed at least 10 days prior to the record date or effective
date therein specified.

 

(g) Reservation of
Common Shares. The Company shall take or has taken all steps necessary to reserve a number of its authorized but unissued Common
Shares sufficient for issuance upon conversion of this Convertible Subordinated Note pursuant to the provisions included hereinabove.

 

4. Securities Laws
Restrictions. This Note and the Shares issuable upon conversion have not been registered for sale under the Securities Act
of 1933, as amended, and neither this Note nor those shares nor any interest in this Note nor those shares may be sold, offered
for sale, pledged or otherwise disposed of without compliance with applicable securities laws, including, without limitation, an
effective registration statement relating thereto or delivery of an opinion of counsel acceptable to the Company that such registration
Is not required under the Securities Act of 1933.

 

By accepting this Note,
the Holder hereby acknowledges that this Note has not been registered under the Securities Act of 1933, as amended, or any state
securities laws and Holder represents for himself, herself or itself and his, her or its legal representative, successors and assigns
that he, she or it is acquiring this Note and will acquire any shares issued upon conversion hereof. for his, her or its own account,
for investment purposes only and not with a view to, or for sale in connection with, any distribution of such securities and Holder
agrees to reaffirm, in writing, this investment representation at the time of exercise of the conversion right set forth above.

 

5. Status of Registered
Holder. The Company may treat the registered holder of this Note as the absolute owner of this Note for the purposes of making
payments of principal or Interest and for all other purposes and shall not be affected by any notice to the contrary.

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6. Events of Default.
If any of the following conditions or events ("Events of Default") shall occur and be continuing:

 

(a) If the company shall default payment
of principal and/or interest accruing herein when the same becomes due and payable, whether at maturity or by declaration of acceleration
or otherwise, and shall fail to cure such default with in thirty days after written notice thereof from the Holder to the Company;
or

 

(b) If the Company shall
materially default in the performance of or compliance with any term contained herein and such default shall not have been remedied
within thirty days after written notice thereof from the Holder to the Company; or

 

(c) If the Company shall
make an assignment for the benefit of creditors, or shall admit in writing its inability to pay its debts as they become due, or
a voluntary petition for reorganization under Title 11 of the United States Code ("Title 11") shall be filed by the Company
or an order shall be entered granting relief to the Company under Title 11 or a petition shall be filed by the Company In bankruptcy,
or the Company shall be adjudicated a bankrupt or Insolvent, or shall file any petition or answer seeking for itself any reorganization,
arrangement, composition, readjustment, liquidation. dissolution or similar relief under any present or future statute, law or
regulation, or shall file any answer admitting or not contesting the material allegations of a petition filed against the Company
in any such proceeding, or shall seek or consent to or acquiesce in the appointment of any trustee, receiver or liquidator of the
Company or of all or any substantial part of the properties of the Company or if the Company or its directors or majority shareholders
shall take any action looking to the dissolution or liquidation of the Company; or

 

(d) if within 120 days
after the commencement of an action against the Company seeking a reorganization, arrangement, composition, readjustment, liquidation,
dissolution or similar relief under any present or future statute, law or regulation, such action shall not have been dismissed
or nullified or all orders or proceedings there under affecting the operations or the business of the Company stayed, or if the
stay of any such order or proceeding shall thereafter be set aside, or if, within 120 days after the appointment without the consent
or acquiescence of the Company of any trustee, receiver or liquidator of the Company or of all or any substantial part of the properties
of the Company such appointment shall not have been vacated; then, and in any such event, the Holder may at any time (unless such
Event of

 

Default shall theretofore
have been remedied) at his, her or its option, by written notice to the Company, declare the Note to be due and payable, whereupon
the Note shall forthwith mature and become due and payable, together with interest accrued thereon, and thereafter interest shall
be due, at the rate per annum hereinabove provided, on the entire principal balance until the same is fully paid, and on any overdue
interest (but only to the extent permitted by law), without presentment, demand, protest or notice, all of which are hereby waived,
subject however, to the other terms, Including those relating to subordination, of this Note. In the case of a default in the payment
of any principal of or interest on the Note, the Company will pay to the Holder such further amount as shall be sufficient to cover
the cost and expenses of collection, including, without limitation, reasonable attorneys' fees, expenses and disbursements. No
course of dealing and no delay on the part of Holder in exercising any right shall operate as a waiver thereof or otherwise prejudice
such Holder's rights, powers or remedies. No right, power or remedy conferred by this Note upon Holder shall be exclusive of any
other right, power or remedy referred to herein or now or hereafter available at law, in equity, by statute or otherwise.

 

7. Usury Laws.
Notwithstanding any provision contained in this Note to the contrary, the Company's liability for payment of interest shall not
exceed the limits Imposed by applicable usury law. If any provision hereof requires interest payments In excess of the then legally
permitted maximum rate, such provision shall automatically be deemed to require such payment at the then legally-permitted maximum
rate.

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8. Notices. All
notices required or permitted to be given under this Note shall be in writing (delivered by hand or sent certified or registered
mail, return receipt requested, or by nationally recognized overnight courier service) addressed to the following addresses;

 

	If to Holder:	At his, her or its address on the Note
		Register of the Company
	 	
	If to Company:	GOLDSPAN RESOURCES,INC.
		836 S. Vance St. Unit E
		Lakewood, CO 80226
		Attn: Phillip Allen, President

 

All notices shall be deemed given upon receipt
by the recipient.

 

9. Governing Law.
This Note has been made and delivered in Lakewood, Colorado and shall be governed by the laws of the State of Nevada.

 

10. Severability.
If any provision, paragraph or subparagraph of this Note is adjudged by any court to be void or unenforceable in whole or in part,
this adjudication shall not affect the validity .of the remainder of the Note, including any other provision, paragraph or subparagraph.
Each provision, paragraph or subparagraph of this Note is separable from every other provision, paragraph and subparagraph and
constitutes a separate and distinct covenant.

 

11. Amendment. This Note may only be
amended in writing, duly endorsed by the parties hereto.

 

12. Headings. The headings
in this Note are solely for convenience of reference and shall not affect its Interpretation.

 

	Attest:	
	GOLDSPAN RESOURCES, INC.	
	 	 
	By: /s/ Phillip Allen	
	Phillip Allen, President	
	 	
	ACCEPTANCE	
	 	 
	The foregoing subscription agreement is accepted by:	
		GOLDSPAN RESOURCES, INC.
		A Nevada corporation
		By: /s/ Phillip Allen
		Title: President
		Date: 2/28/13

 

    	5NOTICE OF DEFAULT IN LOI TO ACQUIRE
80% INTEREST

IN EQUIPMENT & TRUCKS INC
(ETI)

 

Goldspan Resources, Inc (GRI) entered into a non-binding
Letter of Intent (LOI) with ETJ, to acquire up to 80% equity interest in ETJ for arranging a 'credit facility' of $10,000,000 in
increments.

 

GRJ was unable to perform according to the terms of the
LOI and therefore, the LOI is null and void. ETI did informally extend the March 31st, time for the first phase of funding of one
and a half million dollars ($1,500,000) of which GRI was unsuccessful at accomplishing with the informal extension. The informal
extension was April 15th.

 

Therefore, GRI and ETI do mutually release and hold harmless
either party of any liability for the terms of the LOI between the parties.

 

By affixing the signature below, on this 30th day of
April 2013, GRI and ETI, do mutually, release and hold harmless, each other, against any and all claims against each others respective
Companies.

 

	/s/ Phillip Allen	/s/ Ron Ruby
	Phillip Allen, President	Ron Ruby, President
	Goldspan Resources, Inc.	Equipment & Trucks Inc.

 

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