Document:

Exhibit
10.11

 

LOAN
AGREEMENT AND PROMISSORY NOTE

 

	$793,000 (the “Principal
    Amount”)	November
    9, 2021

 

FOR
VALUE RECEIVED, Damian Larson, an individual with an address of 6611 E. Mayo Blvd. #2059, Phoenix, AZ 85054 (“Maker”),
promises to pay to Rivulet Media, Inc., a Delaware corporation with an address of 1206 E Warner Rd, Suite 101-I, Gilbert, AZ 85296
(“Lender”), the Principal Amount, or such greater or lesser amount thereof as may be outstanding from time
to time, under the terms and provisions as set forth below.

 

RECITALS

 

A.         Lender
is the owner of 29,076,665 shares of common stock of Regen BioPharma, Inc. (the “Regen Shares”).

 

B.          Lender
has sold or will sell the Regen Shares to Maker, and Maker, in turn, will use his best efforts to sell the Regen Shares on the
open market in one or more at-the-market transactions.

 

C.            Lender
and Maker agree that, as full consideration for his purchase of the Regen Shares from Lender, Maker will pay to Lender the amount
of proceeds actually received by Maker resulting from Maker’s sale of the Regen Shares, the aggregate of which is expected
to equal or approximate the Principal Amount stated on this Loan Agreement and Promissory Note (this “Note”),
but which may be greater or less than such amount, less the amount to be retained by Maker as set forth in the Stock Sale Agreement
entered into by the parties of even date hereof (the “Resale Fee”). The Principal Amount at any given time
will be deemed to be amended as needed to reflect the amount of proceeds received less the applicable amount to be retained.

 

D.         Maker
is executing this Note to evidence his obligation to pay such amounts to Lender.

 

AGREEMENTS

 

1.           Interest.
No interest shall accrue under this Note.

 

2.           Payments.
Maker shall pay to Lender the amount of gross proceeds received by Maker as a result of the sale by Maker of all or any portion
of the Regen Shares within two (2) Business Days (as defined below) of receipt of such proceeds, less (i) the amount of any Resale
Fee due, and (ii) the amount of any wire transfer fees incurred by Maker in connection with the transfer of such proceeds to Lender.
Maker may prepay all or any portion of this Note at any time without penalty.

 

3.           Security.
This Note is secured by a first lien security interest on the Regen Shares held by Maker. Other than such security interest, this
Note is non-recourse.

 

4.           Default.
The existence or occurrence of any one or more of the following will constitute an “Event of Default” under
this Note:

 

4.1       Non-Performance.
Maker’s failure to comply timely and fully with any of the terms or provisions of this Note, including, without limitation,
the failure to pay all amounts due within ten (10) days after the due date.

     

     

    

4.2       Bankruptcy;
Insolvency. Maker being insolvent by being unable to pay debts when due or by having liabilities in excess of assets; or Maker
committing an act of bankruptcy, making a general assignment for the benefit of creditors, or the filing by or against Maker of
a voluntary or involuntary petition in bankruptcy or for the appointment of a receiver (and any involuntary petition is not dismissed
within thirty (30) days from the filing thereof); or if there commences under any law relating to bankruptcy, insolvency, reorganization
or relief of debtors, proceedings affecting any significant part of Maker’s property or for the composition, extension,
arrangement, or adjustment of any of its obligations; or if a writ of attachment, execution, or any similar process is issued
or levied against any significant part of Maker’s property that is not released, stayed, bonded, or vacated within a reasonable
time after its issue or levy.

 

5.           Return
of Regen Shares.

 

5.1       If
all or any portion of the Regen Shares remain unsold by Maker after the date that is 60 days of the date of this Note, then at
Lender’s request, Maker shall promptly (but in no less than 7 Business Days) transfer all such shares back to Lender.

 

5.2       Maker
may, in his sole discretion, transfer all remaining Regen Shares back to Lender, and provided that all amounts due by Maker to
Lender under this Note have been paid, this Note shall be deemed fully paid.

 

6.           Acceleration.
In addition to all other rights and remedies at law and/or equity Lender may have if an Event of Default occurs, Lender may, at
its option without further notice to Maker, declare immediately due and payable the unpaid principal balance of this Note together
with all other sums owed by Maker under this Note.

 

7.           Notices.
All notices that Company or Lender is required or permitted to give under this Note shall be delivered to the addresses of Company
or Lender set forth in the opening paragraph.

 

8.           Severability.
If any term or provision of this Note is, to any extent, determined by a court of competent jurisdiction to be invalid or unenforceable,
the remainder of this Note will not be affected, and the invalid or enforceable term or provision will be reduced or otherwise
modified by the court or authority only to the minimum extent necessary to make it valid and enforceable and to reflect the intent
of the parties. It is the intention of Company that, if any provision of this Note is capable of two constructions, one of which
would render the provisions void and the other of which would render the provisions valid, then the provision will have the meaning
that renders it valid.

 

9.           Time
of the Essence. Time is of the essence of this Note. Whenever notice must be given, payment made, document delivered, or an
act done under this Note on a day that is not a Business Day, the notice may be given, payment made, document delivered, or act
done on the next following day that is a Business Day. “Business Day” means a day other than a Saturday, Sunday,
or a day observed as a legal holiday by the United States government or the State of Arizona.

 

10.         Governing
Law; Jurisdiction and Venue. This Note is to be governed by and interpreted in accordance with the laws of the State of Arizona.
Any legal action or proceeding with respect to this Note or any document related hereto shall be brought in Maricopa County, Arizona
in any court of competent jurisdiction, and, by execution and delivery of this Note, Company and Lender hereby accept the jurisdiction
and venue of such courts.

 

11.         Successors
and Assigns. This Note shall be binding upon and inure to the benefit of Maker and Lender and their respective successors
and permitted assigns. Maker may not voluntarily or involuntarily transfer, convey, or assign this Note, or any of its duties
or obligations hereunder, without Lender’s prior written consent, which may be withheld for any reason, or for no reason
at all. As used herein, the term “Lender” means and includes the successors and permitted assigns of Lender.

    2

     

    

12.         Attorneys’
Fees and Costs. Each party shall bear its own expenses in connection with the issuance of this Note; provided, however, that
if any action at law or in equity is necessary to enforce or interpret the terms of this Note, the prevailing party shall be entitled
to its reasonable attorneys’ fees, costs, and disbursements in addition to any other relief to which such party may be entitled.

 

13.         No
Waiver by Lender. No delay or failure of Lender in exercising any right hereunder shall affect such right, nor shall any single
or partial exercise of any right preclude further exercise thereof.

 

14.         Further
Assurances. Maker agrees to execute and deliver such further documents and to do such other acts and things as Lender may
reasonably request in order further to effect the purposes of this Note, the security interest in the Regen Shares, and the due
performance by Maker of his obligations hereunder.

 

		MAKER 
	 	 
	 	/s/ Damian Larson
	 	Damian Larson
	 	 
	 	LENDER
	 	Rivulet Media, Inc.,
	 	a Delaware corporation

 

	 	By:	/s/
    Michael Witherill
	 	 	Michael Witherill,
    President

    3Exhibit
10.12

 

TERMINATION
AGREEMENT

 

THIS
TERMINATION AGREEMENT (this “Termination Agreement”) is entered into as of November 8, 2021 (the “Effective
Date”), by and between Michael Witherill and Rivulet Media, Inc. (the “Company”). The foregoing may
each be referred to as a “Party” and collectively as the “Parties.”

 

RECITALS

 

A.             The
Parties executed a Stock Sale Agreement and a Loan Agreement and Promissory Note, both dated September 27, 2021 (together, the
“Stock Sale Agreements”), relating to the purchase and sale of 29,076,665 shares of common stock (the “Regen
Common Shares”) and 2,907,666 shares of Series A Preferred Stock of Regen BioPharma, Inc. (the “Regen Preferred
Shares” and together, the “Regen Shares”) for the purpose of facilitating a more efficient sale of
the Regen Shares.

 

B.              Mr.
Witherill subsequently sold the Regen Preferred Shares, but due to unforeseen difficulties in effecting the subsequent sale of
the Regen Common Shares, the Parties now wish to terminate the Stock Sale Agreements and mutually release all Parties from all
further obligations and liabilities related thereto, and cause the transfer of the Regen Common Shares from Mr. Witherill back
to the Company.

 

AGREEMENT

 

NOW
THEREFORE, for valuable consideration, the Parties agree as follows:

 

1.             
Termination. The Parties hereby agree that the Stock Sale Agreements are terminated
as of the Effective Date, and that all further obligations and liabilities referred to therein shall be of no force and effect.
Mr. Witherill will promptly take all actions necessary to transfer the Regen Common Shares back to the Company, including all
action that may be required by the Company’s Transfer Agent to effect such transfer.

 

2.             
Mutual Release. The Parties mutually release and forever discharge each other Party
and their respective directors, members, officers, representatives, successors, and assigns from any and all actions, causes of
action, suits, debts, covenants, disputes, agreements, promises, damages, judgments, claims, and demands stemming from the Stock
Sale Agreements, whether in law or in equity, that they ever had, now have, or that they
may have, by reason of any act, omission, matter, cause, or thing occurring at any time prior to the execution of this Termination
Agreement, whether known or unknown, suspected or unsuspected, foreseen or unforeseen.

 

3.              
Further Assurances. Each Party shall fully cooperate with each other Party with respect
to the performance of this Termination Agreement. Each Party will provide or make available to the other Party any information
and will execute, acknowledge, and deliver such further documents that may reasonably be required in order to effectively perform
this Termination Agreement.

 

4.             
Governing Law. This Termination Agreement is to be governed and construed
in accordance with the internal laws (and not choice of laws) of the State of Arizona. 

 

5.              
Counterparts. This Termination Agreement may be executed in any number of
counterparts, each of which will constitute an original document and all of which together shall constitute one instrument. The
exchange of executed counterparts of this Termination Agreement by .pdf or other
electronic transmission will constitute effective execution and delivery of this Termination
Agreement, and such counterparts may be used in lieu of the original for all purposes.

     

     

    

IN
WITNESS WHEREOF, the Parties have executed this Termination Agreement as of the date
first above written.

 

		MICHAEL WITHERILL
	 	 
	 	/s/ Michael
    Witherill
	 	Michael Witherill
	 	 
	 	COMPANY
	 	Rivulet Media, Inc.,
	 	a Delaware corporation

 

	 	By:	/s/
    Michael Witherill
	 	 	Michael Witherill,
    President

    2

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