Document:

ex-10.3

  DEMAND CONVERTIBLE PROMISSORY NOTE
  
  
 	 US $10,000
	 Las Vegas, Nevada
 April 20, 2020

  
 For good and valuable consideration, Keystar Corp, a Nevada corporation, (“Maker”), hereby makes and delivers this Convertible Promissory Note (this “Note”) in favor of Zixiao Chen or her assigns (“Holder”), and hereby agrees as follows:
  
 1.  Principal Obligation and Interest.  For value received, Maker promises to pay to Holder at such place as Holder may designate in writing, in currently available funds of the United States, the principal sum of Ten Thousand Dollars ($10,000).  Maker’s obligation under this Note shall accrue interest at the rate of ten percent (10%) per annum from the date hereof until paid in full.  Interest shall be computed on the basis of a 365-day year or 366-day year, as applicable and actual days lapsed.
  
 2.  Payment Terms.
  
 Maker agrees to remit payment in full of all principal and any accrued but unpaid interest due hereunder to Holder on two days’ written notice from Holder (“Maturity”).
  
 Interest on this Note shall be payable at Maturity to the Holder.
  
 Maker shall have the right to prepay this Note by paying all of the principal and accrued but unpaid interest owing under the Note at the time of prepayment.
  
 All payments shall be applied first to late charges, then to interest, then to principal and shall be credited to the Maker's account on the date that such payment is physically received by the Holder.
  
 3.  Conversion.  Holder may, at her sole option, convert all or any portion of the accrued interest and unpaid principal balance of this Note into fully paid and non- assessable shares of common stock of the Maker at the conversion price of $0.001 per share (the “Conversion Price”). The number of shares of common stock to be issued upon each conversion of this Note shall be determined by dividing the Conversion Amount (as defined below) by the applicable Conversion Price then in effect on the date specified in the notice of conversion given by Holder (the “Notice of Conversion”), delivered to the Maker by the Holder on such conversion date (the “Conversion Date”).  The term “Conversion Amount” means, with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted in such conversion plus (2) at the Holder’s option, accrued and unpaid interest, if any, on such principal amount at the interest rates provided in this Note to the Conversion Date.
  
 4.  Representations and Warranties of Maker.  Maker hereby represents and warrants the following to Holder:
  
 a.  Maker and those executing this Note on its behalf have the full right, power, and authority to execute, deliver and perform the obligations under this Note, which are not prohibited or restricted under the articles of incorporation or bylaws of Maker.  This Note has been duly executed and delivered by an authorized officer of Maker and constitutes a valid and legally binding obligation of Maker enforceable in accordance with its terms.
 
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 b.  The execution of this Note and Maker’s compliance with the terms, conditions and provisions hereof does not conflict with or violate any provision of any agreement, contract, lease, deed of trust, indenture, or instrument to which Maker is a party or by which Maker is bound, or constitute a default thereunder or result in the imposition of any lien, charge, encumbrance, claim or security interest of any nature whatsoever.
  
 5.  Defaults.  The following shall be events of default under this Note:
  
 a.  Maker’s failure to remit any payment under this Note on or before the date due, if such failure is not cured in full within ten (10) days of written notice of default;
  
 b.  If  Maker is dissolved, whether pursuant to any applicable articles of incorporation or bylaws, and/or any applicable laws, or otherwise;
  
 c.  The entry of a decree or order by a court having jurisdiction in the premises adjudging the Maker bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Maker under the federal Bankruptcy Code or any other applicable federal or state law, or appointing a receiver, liquidator, assignee or trustee of the Maker, or any substantial part if its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of twenty (20) days; or
  
 d.  Maker’s institution of proceedings to be adjudicated a bankrupt or insolvent, or the consent by it to the institution of bankruptcy or insolvency proceedings against it, or its filing of a petition or answer or consent seeking reorganization or relief under the federal Bankruptcy Code or any other applicable federal or state law, or its consent to the filing of any such petition or to the appointment of a receiver, liquidator, assignee or trustee of the company, or of any substantial part of its property, or its making of an assignment for the benefit of creditors or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Maker in furtherance of any such action.
  
 6.  Rights and Remedies of Holder.  Upon the occurrence of an event of default by Maker under this Note or at any time before default when the Holder reasonably feels insecure, then, in addition to all other rights and remedies at law or in equity, Holder may exercise any one or more of the following rights and remedies:
  
 a.  Accelerate the time for payment of all amounts payable under this Note by written notice thereof to Maker, whereupon all such amounts shall be immediately due and payable.
  
 b.  Pursue any other rights or remedies available to Holder at law or in equity.
  
 7.  Interest To Accrue Upon Default. Upon the occurrence of an event of default by Maker under this Note, the balance then owing under the terms of this Note shall accrue interest at the rate of Twenty percent (20%) per annum, from the date of default until Holder is satisfied in full.
  
 8.  Representation of Counsel.  Maker acknowledges that it has consulted with or have had the opportunity to consult with Maker’s legal counsel prior to executing this Note.  This Note has been freely negotiated by Maker and Holder and any rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Note.
 
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 9. Choice of Laws; Actions.  This Note shall be constructed and construed in accordance with the internal substantive laws of the State of Nevada, without regard to the choice of law principles of said State.  Maker acknowledges that this Note has been negotiated in Clark County, Nevada.  Accordingly, the exclusive venue of any action, suit, counterclaim or cross claim arising under, out of, or in connection with this Note shall be the state or federal courts in Clark County, Nevada.  Maker hereby consents to the personal jurisdiction of any court of competent subject matter jurisdiction sitting in Clark County, Nevada.
  
 10.  Usury Savings Clause.  Maker expressly agrees and acknowledges that Maker and Holder intend and agree that this Note shall not be subject to the usury laws of any state other than the State of Nevada.  Notwithstanding anything contained in this Note to the contrary, if collection from Maker of interest at the rate set forth herein would be contrary to applicable laws of such State, then the applicable interest rate upon default shall be the highest interest rate that may be collected from Maker under applicable laws at such time.
  
 11.  Costs of Collection.  Should the indebtedness represented by this Note, or any part hereof, be collected at law, in equity, or in any bankruptcy, receivership or other court proceeding, or this Note be placed in the hands of any attorney for collection after default, Maker agrees to pay, in addition to the principal and interest due hereon, all reasonable attorneys’ fees, plus all other costs and expenses of collection and enforcement, including any fees incurred in connection with such proceedings or collection of the Note and/or enforcement of Holder’s rights.
  
 12. Miscellaneous.
  
 a.  This Note shall be binding upon Maker and shall inure to the benefit of Holder and its successors, assigns, heirs, and legal representatives.
  
 b.  Any failure or delay by Holder to insist upon the strict performance of any term, condition, covenant or agreement of this Note, or to exercise any right, power or remedy hereunder shall not constitute a waiver of any such term, condition, covenant, agreement, right, power or remedy.
  
 c.  Any provision of this Note that is unenforceable shall be severed from this Note to the extent reasonably possible without invalidating or affecting the intent, validity or enforceability of any other provision of this Note.
  
 d.  This Note may not be modified or amended in any respect except in a writing executed by the party to be charged.
  
 e.  Time is of the essence.
  
 13.  Notices. All notices required to be given under this Note shall be given at such address as a party may designate by written notice to the other party.
  
 Notices may be transmitted by facsimile, certified mail, private delivery, or any other commercially reasonable means, and shall be deemed given upon receipt by the Party to whom they are addressed.
 
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 14.  Waiver of Certain Formalities. All parties to this Note hereby waive presentment, dishonor, notice of dishonor and protest.  All parties hereto consent to, and Holder is hereby expressly authorized to make, without notice, any and all renewals, extensions, modifications or waivers of the time for or the terms of payment of any sum or sums due hereunder, or under any documents or instruments relating to or securing this Note, or of the performance of any covenants, conditions or agreements hereof or thereof or the taking.  Any such action taken by Holder shall not discharge the liability of any party to this Note.
  
 IN WITNESS WHEREOF, this Note has been executed effective the date and place first written above.
  
  
 “Maker”:  Keystar Corp
  
  
 By: /s/ Steven Lane
       Steven Lane, Chief Executive Officer
  
  
 Date: 4/20/2020
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 
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 Exhibit 10.1 

REINSURANCE GROUP OF AMERICA, INCORPORATED 

FLEXIBLE STOCK PLAN 

PERFORMANCE SHARE UNIT AGREEMENT 

Reinsurance Group of America, Incorporated, a Missouri corporation (the “Company”), and
                (“Employee”), hereby agree as follows: 

SECTION 1 
 GRANT OF
PERFORMANCE SHARES 
 Pursuant to the Reinsurance Group of America, Incorporated Flexible Stock Plan, as amended and restated
effective May 23, 2017 (the “Plan”), and pursuant to action of the Committee charged with the Plan’s administration, the Company has granted to Employee, effective March 11, 2021 (the “Date of Grant”), subject to
the terms, conditions and limitations stated in this Performance Share Unit Agreement (this “Agreement”), the Plan and the Company’s Executive Compensation Recoupment Policy (as discussed in Section 6(c)), an award of performance
share units with respect to              shares of Common Stock. The performance share units awarded to Employee in this Agreement are referred to herein as “Performance Shares.”

 SECTION 2 
 TERMS
OF GRANT 
 (a)    Vesting Date. Subject to the provisions of Sections 3 and 4, the vesting date for this
award is December 31, 2022 (the “Vesting Date”). 
 (b)    Performance Period. The performance
period for this award is the two (2) year period beginning January 1 of the year of the Date of Grant, and ending December 31 of the year following the year of the Date of Grant (i.e., year 2) (the “Performance Period”).

 (c)    Payment. 

(1)    Performance Shares Payable In Common Stock. Subject to early termination of this Agreement
pursuant to Sections 4 or 5 below, as soon as practicable following the end of the Performance Period, the Company shall determine the Company’s performance of the following six measures: Adjusted Operating Return on Equity (as defined in
Section 3(b)) for 2021; Adjusted Operating Return on Equity for 2022; Adjusted Operating Income (as defined in Section 3(c)) for 2021; Adjusted Operating Income for 2022; Book Value Per Share, Excluding AOCI (as defined in
Section 3(d)) for 2021; and Book Value Per Share, Excluding AOCI for 2022. If the Committee determines that at least two of these performance measures have been attained as described in Section 3, on or after January 1 but no later
than December 31 following the last day of the Performance Period, the Company will deliver to Employee one (1) share of the Company’s Common Stock for each Performance Share granted under this Agreement; provided, however, that any
fractional Performance Share shall be paid in cash equal to such fraction of the Fair Market Value of a share of Common Stock on the date of payment. 

  
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 (2)    Dividend Equivalents. Performance Shares
shall not include dividend equivalent payments or dividend credit rights. 
 SECTION 3 

PERFORMANCE CRITERIA 

(a)    Performance Criteria. The measures for the grant of Performance Shares subject to this Agreement are set
forth in a memorandum provided to Employee by the Company. 
 (b)    Adjusted Operating Return on Equity.
“Adjusted Operating Return on Equity” for the applicable year is the adjusted operating income for the year divided by average adjusted stockholders’ equity, as may be adjusted as provided in Section 3(e). Adjusted
stockholders’ equity represents total stockholders’ equity excluding accumulated other comprehensive income. The average of adjusted stockholders’ equity will use monthly data points during the
one-year evaluation period. Adjusted Operating Return on Equity, adjusted operating income and adjusted stockholders’ equity are non-GAAP financial measures. 

(c)    Adjusted Operating Income. “Adjusted Operating Income” for the applicable year is net income
excluding items approved by the Committee that are not indicative of the Company’s ongoing operations, as may be adjusted as provided in Section 3(e). Such items include, but are not limited to, substantially all of the after-tax effects of net investment related gains and losses, changes in the fair value of certain embedded derivatives and related deferred acquisition costs, any net gain or loss from discontinued operations, the
cumulative effect of any accounting changes and certain tax related items. Adjusted Operating Income is a non-GAAP financial measure. 

(d)    Book Value Per Share, Excluding AOCI. “Book Value Per Share, Excluding AOCI” for the applicable
year is the Company’s adjusted stockholders’ equity divided by the end of period outstanding shares of Common Stock, as may be adjusted as provided in Section 3(e). Book Value Per Share, Excluding AOCI and adjusted stockholders’
equity are non-GAAP financial measures. 
 (e)    Potential Adjustment.
Each of Adjusted Operating Return on Equity, Adjusted Operating Income and Book Value Per Share, Excluding AOCI may be adjusted by the Committee from time to time following the date of this Agreement to account for the effects of unusual or non-recurring accounting impacts or changes in accounting standards or treatment or any other unusual or extraordinary items as determined by the Committee from time to time.      

SECTION 4 
 CONDITIONS
AND LIMITATIONS ON RIGHT TO RECEIVE 
 PERFORMANCE SHARES OR COMMON SHARES 

(a)    Termination of Employment. 

(1)    Death or Disability. If Employee ceases to be employed by the Company or any of its
Affiliates prior to the Vesting Date due to death or Disability, Employee (or, upon Employee’s death, the legal representative of Employee’s estate or revocable living trust) shall receive a pro rata proportion of the shares of Common
Stock that would have 

  
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been issued to Employee under this Agreement, determined by multiplying such shares by a fraction, the numerator of which is the number of calendar months elapsed from January 1, 2021 during
which Employee’s employment continued, and the denominator of which is 24. Such pro rata proportion shall be paid to Employee (or, upon Employee’s death, the legal representative of Employee’s estate or revocable living trust) at the
same time and in the same manner as specified in Section 2(c) above. Employment for any portion of a calendar month shall be deemed employment for that calendar month. For purposes of this Agreement, “Disability” shall mean disability
as defined in any long-term disability plan maintained by the Company or an Affiliate which covers Employee or, in the absence of any such plan, the physical or mental condition of Employee arising prior to the Vesting Date, which in the opinion of
a qualified physician chosen by the Company prevents Employee from continuing employment with the Company and its Affiliates. 

(2)    Retirement. If Employee ceases to be a full-time employee of the Company or any of its
Affiliates (as may be determined by the Company or such Affiliate from time to time) at any time prior to December 31, 2021 due to Retirement, this Agreement will terminate and be of no further force or effect and the Performance Shares awarded
to Employee hereunder shall be forfeited, unless otherwise determined by the Committee. 
 If Employee ceases to be employed
by the Company or any of its Affiliates at any time during calendar year 2022 due to Retirement, Employee (or, upon Employee’s death following Retirement, the legal representative of Employee’s estate or revocable living trust) shall
receive the shares of Common Stock that would have been issued to Employee under this Agreement had the Retirement not occurred, payable as set forth in Section 2(c) above; provided, however, that (i) Employee must maintain full-time
equivalent employment status (as may be determined by the Company or such Affiliate) through December 31, 2021 and (ii) if, following any such Retirement, Employee is employed by or associated with an organization that competes with the
Company or any of its Affiliates as determined by the Committee, this Agreement will terminate and be of no further force or effect and the Performance Shares awarded to Employee hereunder shall be forfeited, unless otherwise determined by the
Committee. 
 For purposes of this Agreement, “Retirement” shall mean termination of employment with the Company
and its Affiliates after Employee has attained a combination of age and years of service that equals at least sixty-five (65); provided that, (A) Employee has been employed by the Company and its Affiliates for at least five (5) years and
(B) the maximum number of years of service credited for purposes of this calculation shall be ten (10). 

(3)    Other Termination. If Employee’s employment with the Company and its Affiliates is
terminated prior to payment of the shares of Common Stock as specified in Section 2(c) above, whether voluntarily or involuntarily, for any reason other than death, Disability or Retirement, this Agreement will terminate and be of no further
force or effect and the Performance Shares awarded to Employee hereunder shall be forfeited, unless otherwise determined by the Committee. 

  
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 SECTION 5 

CHANGE OF CONTROL 

Notwithstanding anything herein to the contrary, if a Change of Control occurs prior to the Vesting Date and prior to Employee’s death,
Disability, Retirement or other termination of employment, Employee shall be deemed to have earned all of the Performance Shares granted hereunder; provided, however, that the Committee shall have the discretion to reduce or eliminate the number of
shares of Common Stock earned upon a Change of Control depending on the payout of other awards granted to Employee under the Plan. The number of shares of Common Stock due following a Change of Control determined in accordance with Sections 1 and
2(c) and this Section 5 (and, upon Employee’s death, Disability or Retirement prior to the Vesting Date, Section 4(a)) shall be delivered to Employee (or, upon Employee’s death, the legal representative of Employee’s estate
or revocable living trust) at the same time and in the same manner as specified in Section 2(c) above. Section 4(a)(3) shall not apply in the case of involuntary termination of Employee’s employment by the Company or an Affiliate
following a Change of Control other than for cause. For purposes of this Section, “cause” shall mean (a) any conduct, act or omission that is contrary to Employee’s duties as an officer or employee of the Company or any of its
Affiliates, or that is inimical or in any way contrary to the best interests of the Company or any of its Affiliates, or (b) employment of Employee by or association of Employee with an organization that competes with the Company or any of its
Affiliates, in each case as determined by the Committee. 
 SECTION 6 

MISCELLANEOUS 

(a)    Rights in Shares Prior to Issuance. Prior to issuance of shares of Common Stock in accordance with
Section 2(c), neither Employee nor his or her legatees, personal representatives or distributees (i) shall be deemed to be a holder of any shares of Common Stock represented by the Performance Shares awarded hereunder or (ii) have any
voting rights with respect to any such shares. 

(b)    Non-assignability. The Performance Shares shall not be transferable
by Employee other than by will or by the laws of descent and distribution; provided that, Employee may transfer the Performance Shares during his or her lifetime to a revocable living trust of which Employee is grantor, or to another form of trust
indenture of which Employee is a grantor or a beneficiary. 
 (c)    Recoupment. The awards granted pursuant to
this Agreement are subject to the terms and conditions contained in the Company’s Executive Compensation Recoupment Policy (the “Recoupment Policy”), which permits the Company to recoup all or a portion of awards made to certain
employees upon the occurrence of any Recoupment Event (as defined in the Recoupment Policy). 

  
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 (d)     Securities Law Requirements. The Company shall not be
required to issue shares of Common Stock pursuant to this Agreement unless and until (i) such shares have been duly listed upon each stock exchange on which the Company’s Common Stock is then registered and (ii) a registration
statement under the Securities Act of 1933, as amended, with respect to such shares is then effective. 

(e)    Designation of Beneficiaries. Employee may file with the Company a written designation of a beneficiary or
beneficiaries to receive, upon Employee’s death, the shares of Common Stock determined in accordance with Section 4(a) and subject to all of the provisions of this Agreement. An Employee may from time to time revoke or change any such
designation of beneficiary and any designation of beneficiary under the Plan shall be controlling over any other disposition, testamentary or otherwise; provided, however, that if the Committee shall be in doubt as to the right of any such
beneficiary to receive shares of Common Stock, the Committee may recognize only receipt of such shares by the personal representative of the estate of Employee, in which case the Company, the Committee and the members thereof shall not be under any
further liability to anyone. 
 (f)    Changes in Capital Structure. If there is any change in the Common Stock
by reason of any extraordinary dividend, stock dividend, spin-off, split-up, spin-out, recapitalization, warrant or rights
issuance or combination, exchange or reclassification of shares, merger, consolidation, reorganization, sale of substantially all assets or, as determined by the Committee, other similar or relevant event, then the number, kind and class of shares
of Common Stock available for Performance Shares and the number, kind and class of shares of Common Stock subject to outstanding Performance Shares, as applicable, shall be appropriately adjusted by the Committee. The issuance of shares of Common
Stock for consideration and the issuance of rights with respect to Common Stock shall not be considered a change in the Company’s capital structure. No adjustment provided for in this Section shall require the issuance of any fractional shares.

 (g)    Right to Continued Employment. Nothing in this Agreement shall confer on Employee any right to
continued employment or interfere with the right of an employer to terminate Employee’s employment at any time. 

(h)    Tax Withholding. Employee must pay, or make arrangements acceptable to the Company for the payment of any
and all federal, state and local tax withholding that in the opinion of the Company is required by law. Unless Employee satisfies any such tax withholding obligation by paying the amount in cash or by check, the Company will withhold shares of
Common Stock having a Fair Market Value on the date of withholding equal to the tax withholding obligation. 

(i)    Copy of Plan. By signing this Agreement, Employee acknowledges receipt of a copy of the Plan and any
offering circular related to the Plan. 
 (j)    Choice of Law; Venue. This Agreement will be governed by the
laws of the State of Missouri, without giving regard to the conflict of law provisions thereof. Any legal action arising out of this Agreement may only be brought in the Circuit Court in St. Louis County and/or the United States District Court in
St. Louis, Missouri. 

  
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 (k)    Execution. An authorized representative of the Company has
signed this Agreement, and Employee has signed this Agreement to evidence Employee’s acceptance of the award on the terms specified in this Agreement and the Plan, all as of the Date of Grant. 

(l)    Section 409A. This Agreement is intended to comply with Section 409A of the Code or an exemption
thereunder and shall be construed and interpreted in a manner that is consistent with the requirements for avoiding additional taxes or penalties under Section 409A of the Code. Notwithstanding the foregoing, the Company makes no
representations that the payments and benefits provided under this Agreement comply with Section 409A of the Code and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be
incurred by Employee on account of non-compliance with Section 409A of the Code. Notwithstanding anything herein to the contrary, if Employee is determined to be a specified employee within the meaning of
Section 409A of the Code, any payment on account of termination of employment shall be made on the first payroll date which is more than six months following the date of Employee’s termination of employment to the extent required to avoid
any adverse tax consequences under Section 409A of the Code. To the extent necessary for compliance with Code Section 409A, references to termination of employment under this Agreement shall mean a “separation from service”
within the meaning of Section 409A of the Code. 
 SECTION 7 

TERMS OF THE PLAN 

This award is granted under and is expressly subject to all the terms and provisions of the Plan, which terms are incorporated herein by
reference. The Plan and this Agreement are administered by the Committee. Any determination under the Plan or this Agreement made by the Committee shall be at the Committee’s sole discretion. Capitalized terms used and not otherwise defined in
this Agreement shall have the same meanings ascribed to them in the Plan. 
 Signature page follows. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of this
     day of            , 2021. 
  

			
	Reinsurance Group of America, Incorporated
		
	By:	 	  

		 	Anna Manning
		 	President & Chief Executive Officer
	
	Employee
	
	  

	Name:

  
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