Document:

Exhibit 10.18

 

THIRD AMENDED AND RESTATED

PROMISSORY NOTE

 

	$200,000.00	July 1, 2013
	 	New York, New York

 

FOR VALUE RECEIVED, Grandparents.com,
Inc., a Delaware corporation (the “Company”), promises to pay to the order of Mel Harris, 10800 Biscayne Blvd.,
Suite 750, Miami, Florida 33161, or his heirs and assigns (the “Holder”), the principal sum of $200,000 together
with interest on the outstanding principal balance at the rate of ten percent (10%) per annum (computed on the basis of actual
calendar days elapsed and a year of 365 days) or, if less, at the highest rate of interest then permitted under Florida law (the
“Applicable Rate”). Interest commenced accruing on November 15, 2012 under the Original Note (as defined below)
and shall continue to accrue on the outstanding principal balance of this Third Amended and Restated Promissory Note (this “Note”)
until paid in accordance with the provisions hereof. Notwithstanding the foregoing (and for the avoidance of doubt), interest on
this Note shall not be due and payable until the Maturity Date (as defined below). For purposes of this Note, “Business
Day” means any day on which banks in New York, New York are generally open for business.

 

This Note amends, restates and renews,
in its entirety, that certain Second Amended and Restated Promissory Note executed by the Company on or about April 2, 2013 (the
“Second Amended and Restated Note”), the Amended and Restated Promissory Note executed by the Company on or
about January 31, 2013, which amended and restated that certain Promissory Note in the original principal sum of $200,000 executed
by the Company on or about November 15, 2012 in favor of the Holder (the “Original Note”). This Note is a replacement
of and is not in addition to the Second Amended and Restated Note. Upon execution and delivery of this Note by the Company to the
Holder, the Second Amended and Restated Note shall in all respects be superceded by this Note.

 

1.          Maturity.
Unless sooner paid in accordance with the terms hereof, the entire unpaid principal amount and all unpaid accrued interest under
this Note shall become fully due and payable on the earlier of (i) September 1, 2013, or (ii) the receipt by the Company of $1,500,000
in aggregate gross proceeds arising from a debt and/or equity financing (singularly or in combination) after the date of this Note,
(the “Maturity Date”), or unless the earlier acceleration of this Note by the Holder upon the occurrence of an Event
of Default.

 

Event of
Default. The occurrence of any of the following shall be an “Event of Default”: (i) any material default
by the Company of any material agreement to which the Company is a party to; (ii) the failure by the Company to pay any material
obligation as such obligation becomes due and payable; (iii) the falsity, inaccuracy or material breach by any Guarantor of any
written warranty, representation or statement made or furnished to the Holder by or on behalf of any Guarantor; or (iv) the termination
or attempted termination of the Guaranty (as defined below). Upon the occurrence of any Event of Default, the Holder shall be entitled
to receive from the Company (i) the maximum amount of interest payable by law from the original date of this Note to the date of
payment, and (ii) one warrant for each dollar owed by the Company to the Holder on the date of the Event of Default, exercisable
at one cent ($0.01) per share. The warrant shall provide for an exercise period of five (5) years, have a cashless exercise and
be in similar form to other warrants that have been issued by the Company. The number of warrants to be issued to the Holder by
the Company shall be determined on the date of an Event of Default, and Payment by the Company of any amount due Holder after the
date of an Event of Default shall not reduce the number of warrants to be issued to the Holder.

 

    	 

    	 

    

 

2.          Prepayment.
The Company shall have the right to prepay, upon five (5) Business Days written notice to the Holder, any amounts owed under this
Note in whole or in part at any time without the prior written consent of the Holder.

 

3.          Guaranty.
Steve Leber and Joseph Bernstein have executed a Joint and Several Guaranty of Payment (the “Guaranty”), a copy
of which is attached hereto as Exhibit I, which, among other things, provides for the guarantee of payment (rather than
performance) of the loan made hereunder.

 

4.          Most
Favored Nations Provision. From the date hereof until the Maturity Date, in the event the Company issues debt securities having
terms more favorable than this Note to any person other than the Holder, the Company and the Holder shall amend this Note to reflect
such more favorable terms into this Note.

 

5.          Negative
Covenants. So long as any indebtedness under this Note remains outstanding, the Company shall not permit any Lien to attach
to any of the assets of the Company or any Subsidiary, other than Permitted Liens. For purposes of this Note, the term “Lien”
shall mean shall mean any security interest, mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien
(statutory or other), claim or other priority or preferential arrangement of any kind or nature whatsoever (other than a financing
statement filed by a lessor in respect of an operating lease not intended as security).

 

6.          Lost,
Stolen, Destroyed or Mutilated Notes. In case this Note shall be mutilated, lost, stolen or destroyed, the Company shall issue
a new note of like date, tenor and denomination and deliver the same in exchange and substitution for and upon surrender and cancellation
of such mutilated Note, or in case this Note is lost, stolen or destroyed, upon receipt of evidence satisfactory to the Company
of the loss, theft or destruction of such Note.

 

7.          Governing
Law. This Note is to be construed in accordance with and governed by the laws of the State of Florida, without giving effect
to the conflict of laws principles thereof.

 

    	 

    	 

    

 

8.          Exclusive
Jurisdiction; Venue; Agent for Service. This Note has been delivered to, accepted by the Holder in the State of Florida and
is payable in the State of Florida and deemed to be made in the State of Florida. The Company hereby irrevocably consents to the
exclusive jurisdiction of any state or federal court in Miami-Dade County, Florida; provided that nothing contained in this Note
will prevent the Holder from bringing any action, enforcing any award or judgment or exercising any rights against the Company,
against any security or against any property of the Company within any other county, state or other foreign or domestic jurisdiction.
The Company acknowledges and agrees that the venue provided above is a convenient forum for both the Holder and the Company. The
Company waives any objection to venue and any objection based on a more convenient forum in any action instituted under this Note.
The Company hereby irrevocably appoints Steve Leber, having an address of 6181 Hollows Lane, Delray Beach, FL 33484 as its agent
for service of process in the State of Florida for purposes of this Note. If the Holder engages any attorney to enforce or construe
any provision of this Note, or as a consequence of any default whether or not any legal action is filed, the Company shall immediately
pay on demand all reasonable attorneys’ fees and other Holder’s costs, together with interest from the date of demand
until paid at the highest rate of interest then applicable to the unpaid principal, as if such unpaid attorneys’ fees and
costs had been added to the principal. Attorneys’ fees shall be recoverable at all levels including appellate courts.

 

9.          Notices.
Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Note must be in
writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by
facsimile or e-mail (provided confirmation of transmission is mechanically or electronically generated and kept on file by the
sending party); or (iii) one (1) Business Day after deposit with an overnight courier service with next day delivery specified,
in each case, properly addressed to the party to receive the same. The addresses and facsimile numbers for such communications
shall be:

 

	If to the Company:
	 
	Grandparents.com, Inc.
	589 Eighth Avenue, 6th floor
	New York NY 10018
	Telephone: (646) 839-8809
	Facsimile: (561) 431-0804
	Email: matthew@grandparents.com
	Attention: Matthew Schwartz, Vice President & Chief Compliance Officer
	 
	With copies (for informational purposes only) to:
	 
	Sills Cummis & Gross PC
	One Riverfront Plaza
	Newark, New Jersey 07102
	Telephone: (973) 643-7000
	Facsimile: (973) 643-6500
	Attention: Jeffrey L. Wasserman, Esq.
	 
	If to the Holder:
	 
	Mel Harris
	10800 Biscayne Blvd., Suite 750
	Miami, Florida 33161
	Telephone: (305) 899-0404
	Facsimile: (305) 891-5390
	Email: awildenburg@pegi.net

 

    	 

    	 

    

 

10.         Severability.
If one or more provisions of this Note are held to be unenforceable under applicable law, such provision shall be excluded from
this Note and the balance of this Note shall be interpreted as if such provision were so excluded and shall be enforceable in accordance
with its terms.

 

11.         Assignment.
The Company shall not have the right to assign its rights and obligations hereunder or any interest herein.

 

12.         Remedies
Cumulative; Failure or Indulgence Not a Waiver. The remedies provided in this Note shall be cumulative and in addition to all
other remedies available under this Note. No failure or delay on the part of the Holder in the exercise of any power, right or
privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege
preclude other or further exercise thereof or of any other right, power or privilege.

 

13.         Payments.
Whenever any payment of cash is to be made by the Company to the Holder pursuant to this Note, such payment shall be made in lawful
money of the United States of America by a check drawn on the account of the Company and sent via overnight courier service to
the Holder at such address as previously provided to the Company in writing (which address, in the case of the Holder as of the
date of issuance hereof, shall initially be the address for the Holder as set forth in Section 9 hereof); provided that the Holder
may elect to receive a payment of cash via wire transfer of immediately available funds by providing the Company with not less
than two (2) Business Days prior written notice setting out such request and the Holder’s wire transfer instructions. Whenever
any payment to be made shall otherwise be due on a day that is not a Business Day, such payment shall be made on the immediately
succeeding Business Day and such extension of time shall be included in the computation of accrued interest.

 

14.         Excessive
Interest. Notwithstanding any other provision herein to the contrary, this Note is hereby expressly limited so that the interest
rate charged hereunder shall at no time exceed the maximum rate permitted by applicable law. If, for any circumstance whatsoever,
the interest rate charged exceeds the maximum rate permitted by applicable law, the interest rate shall be reduced to the maximum
rate permitted, and if the Holder shall have received an amount that would cause the interest rate charged to be in excess of the
maximum rate permitted, such amount that would be excessive interest shall be applied to the reduction of the principal amount
owing hereunder (without charge for prepayment) and not to the payment of interest, or if such excessive interest exceeds the unpaid
balance of principal, such excess shall be refunded to the Company.

 

15.         Waiver
of Notice. To the extent permitted by law, the Company hereby waives demand, notice, protest and all other demands and notices
in connection with the delivery, acceptance, performance, default or enforcement of this Note.

 

16.         Electronic
Signatures; Counterparts. This Note may be executed by facsimile or e-mail. Executed counterparts in electronic format, including
PDF or e-mail, or facsimile are to be treated as hand-marked originals and shall be of equal import and effect as hand-marked originals
and binding.

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the Company
has caused this Note to be duly executed by its officers, thereunto duly authorized as of the date first above written.

 

GRANDPARENTS.COM, INC.

 

	By:	/s/ Steve Leber	 
	 	Steve Leber 	 
	 	Chairman & Co-Chief Executive Officer	 
	 	 	 
	By:	/s/ Joseph Bernstein	 
	 	Joseph Bernstein	 
	 	Co-Chief Executive OfficerExhibit 10.30

AMENDED AND RESTATED 

 

AGREEMENT OF SETTLEMENT

 

This Amended and Restated
Agreement of Settlement (“Agreement”) is entered into this 25th day of June 2013, but effective as of May
8th, 2013 (“Effective Date”) by and among Dov Amir, an individual whose address is 125 S. Rexford Drive,
PH #1, Beverly Hills, California 90212 (collectively “Amir”) and Daleco Resources Corporation, Inc, a Nevada corporation
whose address is 17 Wilmont Mews, 5th Floor, West Chester, Pennsylvania 19382 (“Daleco”) (hereinafter Amir
and Daleco shall sometimes collectively referred to as the “Parties” and individually as a “Party”).

 

Witnesseth

 

WHEREAS, Amir holds
a note dated July 12, 2011 due December 31, 2015 in the principal amount of $391,154 (“Note”) of which $262,625.17
remains outstanding plus accrued and unpaid interest of  $6,567.38
for a total indebtedness of $269,192.55 (“Debt”); and

 

WHEREAS, Daleco is
desirous of satisfying the Debt in its entirety, and

 

NOW THEREFORE, for
good and adequate consideration receipt of which is hereby acknowledged, and intending to be legally bound hereby, the Parties
hereto agree as follows:

 

1.         Incorporation
by Reference. The Parties incorporate herein for all purposes the Witnesseth provisions as though same were set forth herein
in their entirety.

  

    	 

    	 

    

 

2.         Settlement.
As of the Effective Date, the Parties agree:

 

(a)          Daleco
shall issue to Amir or his designee a check in the amount of $70,000 representing the principal portion of the Debt.

 

(b)          Daleco
shall issue to Amir or his designee 498,000 shares of the Company’s common stock as full settlement of the remaining accrued
and unpaid portion of the Debt of $199,192.55. Amir acknowledges that the certificate or certificates representing the shares of
stock issuable pursuant to this Paragraph 2(b) shall be stamped or otherwise imprinted with a legend substantially in the following
form:

 

			“THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE
SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR AN AVAILABLE
EXEMPTION FROM REGISTRATION UNDER SAID ACT.”

 

3.         Satisfaction.
Amir agrees to accept the consideration set forth in Paragraph 2, Settlement, above in full and complete satisfaction of the Debt
and any and all claims or causes of action due and owing, or which Amir may claim to be due and owing from Daleco, of whatever
type or kind arising out of the Note or the transaction which gave rise to the Note.

 

4.         Cashless
Exercise of Options. Parties agree that, at any time prior to the option expiration date of December 20, 2014, Amir may elect
to receive, without the payment by such Holder of any consideration, Shares equal to the value of his previously issued options
(500,000) or any portion hereof (as determined below) by the surrender of those options or such portion to the Company, with the
Notice of Exercise duly executed by Amir, at the office of any duly appointed transfer agent for the Company or at the principal
office of the Company. Thereupon, the Company shall issue to Amir such number of fully paid and nonassessable Shares as is computed
using the following formula:

 

    	-2-

    	 

    

 

X = Y * (A-B)

A

 

where

 

X = the
number of Shares to be issued to such Holder pursuant to this paragraph 4

 

Y = the
number of Shares elected to be surrendered (not to exceed the maximum number of Shares issuable) at the time the net issue election
is made pursuant to this paragraph 4

 

A = the
Fair Market Value of one Share

B = the Exercise
Price of $0.21 per share.

 

As used herein, “Fair
Market Value” per Share as of any date shall mean (i) the average of the closing price for the twenty trading days
immediately prior to the date of execution (the “Average Trading Price”), or (ii) if there is no Trading Price, the
fair market value of a Share determined in good faith by the Company’s Board of Directors.

 

5.         Mutual
Release.

 

(a)          Amir,
on behalf of his heirs, successors, assigns, grantees, transferees, agents, representatives and/or any other party entitle to take
under or through the Amir, individually and jointly, hereby release and forever discharge individually and jointly, Daleco, and
each of its agents, employees, representatives, officers, directors, successors and assigns, of and from all, and all manner of,
actions, causes of action, suits, debts, dues, charges, damages, accounts, covenants, liabilities, contracts, agreements, judgments,
claims and demands whatsoever, whether at law or in equity, whether matured, unmatured or contingent, whether foreseen or unforeseen,
which against Daleco, or any of them, Amir ever had, now or hereafter can, shall or may have by reason of any cause, matter or
thing whatsoever, from the beginning of the world to the date hereof (“Settlement Date”) saving and excepting only
those rights arising out of this Agreement; provided, however, that should the Agreement be breached in any respect by Amir, except
as set forth in Paragraph 5 below nothing in this Agreement shall prevent Daleco, or any of them, from raising any claim, demand,
damage, loss, cost, liability, interest, expense (including reasonable attorneys’ fees) in any cause of action, proceeding,
claim or other action for monetary damages against Daleco, or any of them, by reason of such breach.

 

    	-3-

    	 

    

 

(b)          Each
of Daleco, individually and jointly, on behalf of its officers, directors, shareholders and affiliates, hereby release and forever
discharge Amir, his heirs, successors, assigns, grantees, transferees, agents, representatives and/or any other party entitle to
take under or through the Amir, of and from all, and all manner of, actions, causes of action, suits, debts, dues, charges, damages,
accounts, covenants, liabilities, contracts, agreements, judgments, claims and demands whatsoever, whether at law or in equity,
whether matured, unmatured or contingent, whether foreseen or unforeseen, which against Amir, Daleco, or any of them, ever had,
now or hereafter can, shall or may have by reason of any cause, matter or thing whatsoever, from the beginning of the world to
the Settlement Date, saving and excepting only those rights arising out of this Agreement; provided, however, that should the Agreement
be breached in any respect by Daleco, or any of them, except as set forth in Paragraph 5(b) below nothing in this Agreement shall
prevent Amir from raising any claim, demand, damage, loss, cost, liability, interest, expense (including reasonable attorneys’
fees) in any cause of action, proceeding, claim or other action for monetary damages against Daleco, or any of them, whichever
party shall have breached the Agreement, it being understood that the obligations of each such party are individual and not joint
or joint and several.

 

    	-4-

    	 

    

 

(c)          Notwithstanding
anything in Paragraphs 4(a) and (b) above to the contrary, nothing herein shall prevent either party from enforcing the provisions
of this Agreement.

 

6.         Covenants.
Each of Daleco and Amir expressly acknowledges and further covenant and agree as follows:

 

(a)          That
each Party has received independent legal advice from its legal counsel regarding the advisability and legal efficacy of entering
into this Agreement; and

 

(b)          That
prior to the execution of this Agreement, each Party’s counsel has reviewed this Agreement and negotiated its contents at
length; and

 

(c)          That
in entering into this Agreement, each Party is not relying upon any information, data, prediction, opinion, statement or promise
furnished or made by or on behalf of any other Party, except as it may be expressly and specifically set forth in this Agreement;
and

  

    	-5-

    	 

    

 

(d)          That
each Party has carefully reviewed this Agreement and is entering into this Agreement freely, and not under any compulsion or duress;
and

 

(e)          That
each Party expressly and especially agrees that this Paragraph 5 shall be binding and enforceable according to its terms and that
each party waives any claim or contention, now or in the future, that this Paragraph 5 is or should be void, voidable, unenforceable
and not binding upon it for any reason whatsoever and further expressly and especially waives any such contention which would or
could be based, upon any judicial decisions which deny enforceability of any such provisions.

 

7.         Confidentiality.

 

(a)          Each
Party hereto agrees on behalf of itself as well as its officers, directors, employees, agents and representatives that it shall
not divulge, publish or otherwise disclose, unless ordered to do so by a court of competent jurisdiction or required by the rules
and regulations of any governing body overseeing the business of a Party, such as the Securities and Exchange Commission, the existence
and/or contents of this Agreement. Amir understands and acknowledges that Daleco is a reporting company under the Securities and
Exchange Act of 1934, as amended (“34 Act”), and as such is required to report the existence of certain agreements
or settlements of matters in its required filings under the ’34 Act from time to time.

 

    	-6-

    	 

    

 

(b)          The
Parties hereto agree and acknowledge that the determination of damages as allowed under Paragraphs 4(a) and (b) above would be
extremely difficult, and thus therefore agree that in lieu of any consequential damages as allowed under Paragraphs 4(a) and (b)
above, any party who publishes or allows to be published the existence or contents of this Agreement, in either in its entirety
or any part thereof, shall pay to the other, as liquidated damages, the amount of Twenty Five Thousand Dollars ($25,000).

 

(c)          For
the purposes of this Agreement, the term “publish” or any derivative thereof, shall mean any unauthorized disclosure;
whether oral or written, of the content of this Agreement or its existence; to a party not a signatory hereto.

 

(d)          For
the purpose of this Agreement, an “unauthorized disclosure” of this Agreement, shall mean the publication of the existence
or content of this Agreement to a party not a signatory hereto; provided, however, that the disclosure of the existence and content
of this Agreement to a party’s attorneys, accountants and reflected in the party's financial statements as required by generally
accepted accounting principles in the ordinary course shall not be deemed an unauthorized publication.

 

(e)          Should
either Party receive a request for publication of this Agreement other than Daleco’s compliance in the ordinary course with
its ’34 Act reporting, which consent is hereby given, either through an order of a court of competent jurisdiction or in
the form of a discovery request, the party receiving such request shall:

 

    	-7-

    	 

    

 

(i)          immediately
notify the non-receiving Party of the request; and

 

(ii)         take
such action, as reasonably necessary and as agreed upon by the Parties hereto, to protect the confidentiality of this Agreement.

 

8.         Miscellaneous.

 

(a)          Notice.
Any and all notices required to be given hereunder shall be effective upon receipt and may be:

 

(i)          sent
by facsimile transmission with delivery of the written copy of the notice to the addressee by close of business the business day
immediately following the day of the facsimile notice;

 

(ii)         by
hand delivery; or

 

(iii)        by
certified mail, return receipt requested or overnight courier.

 

The addresses of the
Parties for notice are:

 

	If to Amir:	Dov Amir
	 	125 S. Rexford Drive, PH #1
	 	Beverly Hills, CA  90212
	 	 
	If to Daleco:	Daleco Resources Corporation, Inc.
	 	17 Wilmont Mews, 5th floor
	 	West Chester, Pa 19382
	 	(FAX NO: 610-429-0818)
	 	ATTN:  Michael D. Parrish

 

(b)          Choice
of Law. This Agreement shall be governed by the laws of the Commonwealth of Pennsylvania without giving effect to conflicts
of law provisions.

 

    	-8-

    	 

    

 

(c)          Entirety
of Agreement. This Agreement constitutes the entirety of the agreement between the Parties hereto, superceding any and all
prior agreements whether oral or in writing.

 

(d)          Invalidity.
Should any provision of this Agreement be deemed by a court of competent jurisdiction to be void or contrary to public policy,
this Agreement shall remain in full force and effect excluding the offending provision but giving effect, as needed and the extent
permitted, to the excluded provision in a manner that would not be contrary to public policy or the order of the court.

 

(e)          Neither
Party Drafter. The Parties hereto acknowledge that this Agreement is the product of negotiation. That each has been represented
by counsel and that neither Party shall be deemed the drafter hereof.

 

(f)          Headings.
The heading and paragraph numbering hereof are for convenience and reference only and shall not be deemed to alter or affect any
provision hereof.

 

(g)          Costs.
Each Party agrees to bear its own legal, accounting and other fees incurred in the negotiation of this Agreement and resolution
of the Complaint. Nothing in this Paragraph 7 shall be deemed to alter or amend the provisions of Paragraphs 6(a) and (b) regarding
a claim for breach of this Agreement.

 

    	-9-

    	 

    

 

WITNESS OUR HANDS AND SEALS as of
the Effective Date

 

	 	Dov Amir
	 	 
	 	/s/ DOV AMIR
	 	 
	 	Daleco Resources Corporation, Inc.
	 	 
	 	/s/ MICHAEL D. PARRISH
	 	By:  Michael D. Parrish
	 	Its:  Chief Executive Officer

 

    	-10-

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