Document:

PROMISSORY NOTE

AND SECURITY AGREEMENT

  

 

	US $300,000.00	Las Vegas, Nevada

October 22, , 2013

 

For good and valuable consideration, Crown
Alliance Capital Limited, a Nevada corporation with an address of 2985 Drew Road Suite 217,
Mississauga, ON L4T OA4, Canada (“Maker”), hereby makes and delivers this Promissory Note and Security
Agreement (this “Note”) in favor of Cyril Lacko in Trust, an individual , or its assigns (“Holder”),
and hereby agree as follows:

 

1. Principal
Obligation and Interest. For value received, Maker promises to pay to Holder at _______________[Holder Address],
or at such other place as Holder may designate in writing, in currently available funds of the United States, the principal sum
of  Three Hundred Hundred Thousand U.S. DOLLARS ($300,000). Maker’s obligation under this Note shall accrue simple
interest at the rate of FIFTEEN PERCENT (15%) 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.

 

Monthly payments of accrued interest shall
be made by the Maker to the Holder on the last day of each calendar month, commencing November 30, 2013, each in the amount of
Three Thousand Seven Hundred US Dollars. (along with each monthly payment, the Maker shall provide confirmation to the that
the policy is in force and that all premiums are current or allow the Holder direct access to John Hancock's insurance system
to confirm this directly. )

 

Payment of all remaining accrued and unpaid
interest and principal shall be due and payable as follows:

 

$300,000 plus any remaining interest shall
be paid upon the maturity event of the John Hancock life insurance policy which secures this obligation directly from the insurer.

 

But in no event shall these amounts
be paid later than March 30, 2017. 

 

If not so paid, at the option of the Holder
all principal and interest shall become immediately due and payable. 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. 

    	 

    	 

    

 

Maker shall have the right to prepay this
Note without penalty.

 

3. Grant of
Security Interest. As collateral security for the prompt, complete, and timely satisfaction of all present and future
indebtedness, liabilities, duties, and obligations of Maker to Holder evidenced by or arising under this Note, and including,
without limitation, all principal and interest payable under this Note, any future advances added to the principal amount due
hereunder, and all attorneys’ fees, costs and expenses incurred by Holder in the collection or enforcement of the same (collectively,
the “Obligations”), Maker hereby pledges, assigns and grants to Holder a continuing security interest
and lien in all of Maker’s right, title and interest in and to certain life insurance policies, including the proceeds of
any disposition thereof, described on Exhibit “A” attached hereto and incorporated herein by this reference
(collectively, the “Collateral”). As applicable, the terms of this Note with respect to Maker’s granting
of a security interest in the Collateral to Holder shall be deemed to be a security agreement under applicable provisions of the
Uniform Commercial Code (“UCC”), with Maker as the debtor and Holder as the secured party.

 

4. Perfection.
Upon the execution and delivery of this Note, Maker shall file an instruction for change of Beneficiary of the Collateral
with John Hancock Life Insurance Co., adding Holder as a 15% direct payee on the secured policy Collateral. Additionally,
Holder shall be authorized to file such financing statements and other documents in such offices as shall be necessary or as Holder
may reasonably deem necessary to perfect and establish the priority of the liens granted by this Note, including any amendments,
modifications, extensions or renewals thereof. Maker agrees, upon Holder’s request, to take all such actions as shall be
necessary or as Holder may reasonably request to perfect and establish the priority of the liens granted by this Note, including
any amendments, modifications, extensions or renewals thereof.

 

5. 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 of Maker. This Note has been duly executed and delivered
by an authorized officer Maker and constitutes a valid and legally binding obligation of Maker enforceable in accordance with
its terms.

 

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 upon any of the Collateral.

    	2

    	 

    

 

c.The security interest
granted hereby in and to the Collateral constitutes a present, valid, binding and enforceable security interest as collateral
security for the Obligations, and, except as to leased equipment or purchase-money encumbrances existing as of the date of this
Note as expressly disclosed to Holder in writing, such interests, upon perfection, will be senior and prior to any liens, encumbrances,
charges, title defects, interests and rights of any others with respect to such Collateral.

 

6.  Covenants
of Maker. For so long as any Obligations remain outstanding:

 

a.                  
Maker shall use the proceeds of this Note as working capital for general corporate purposes;

 

b.                  
Maker shall not sell, assign or transfer any of the Collateral, or any part thereof or interest
therein; 

 

c.                   
Maker shall pay or cause to be paid promptly when due all taxes and assessments on the Collateral;
and 

 

d.                  
Maker shall keep Holder apprised, in writing, as to the current location of all of the Collateral,
providing Holder with current information including any identifying policy numbers with respect to the Collateral so the Holder
may perfect and maintain the priority of its security interest therein. 

 

7. Use of Collateral.
For so long as no event of default shall have occurred and be continuing under this Note, Maker shall be entitled to use and
possess the Collateral and to exercise its rights, title and interest in all contracts, agreements, and licenses subject to the
rights, remedies, powers and privileges of Holder under this Note and to such use, possession or exercise not otherwise constituting
an event of default. Notwithstanding anything herein to the contrary, Maker shall remain liable to perform its duties and obligations
under the contracts and agreements included in the Collateral in accordance with their respective terms to the same extent as
if this Note had not been executed and delivered; the exercise by Holder of any right, remedy, power or privilege in respect of
this Note shall not release the Maker from any of its duties and obligations under such contracts and agreements; and Holder shall
have no duty, obligation or liability under such contracts and agreements included in the Collateral by reason of this Note, nor
shall Holder be obligated to perform any of the duties or obligations of Maker under any such contract or agreement or to take
any action to collect or enforce any claim (for payment) under any such contract or agreement.

 

8. Defaults.
The following shall be events of default under this Note:

 

a. Maker’s failure
to remit any payment under this Note on before the date due, if such failure is not cured in full within five (5) days of written
notice of default;

    	3

    	 

    

 

b. Maker’s failure
to perform or breach of any non-monetary obligation or covenant set forth in this Note or in any other written agreement between
Maker and Holder if such failure is not cured in full within ten (10) days following delivery of written notice thereof from Holder
to Maker;

 

c. If Maker is dissolved,
whether pursuant to any applicable articles of incorporation or bylaws and/or any applicable laws, or otherwise;

 

d. Default in the Maker’s
obligation for borrowed money, other than this Note, which shall continue for a period of twenty (20) days;

 

e. The commencement
of any action or proceeding which affects the Collateral or title thereto or the interest of Holder therein, including, but not
limited to eminent domain, insolvency, code enforcement or arrangements or proceedings involving a bankrupt or decedent;

 

f. 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; 

 

g. 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; or

 

9.Rights and
Remedies of Holder. Upon the occurrence of an event of default by Maker under this Note 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.

    	4

    	 

    

 

b. Pursue and enforce
all of the rights and remedies provided to a secured party with respect to the Collateral under the Uniform Commercial Code.

 

c. Require Maker to
assemble the Collateral and make it available to the Holder at the place to be designated by the Holder which is reasonably convenient
to both parties. The Holder may sell all or any part of the Collateral as a whole or in part either by public auction, private
sale, or other method of disposition. The Holder may bid at any public sale on all or any portion of the Collateral. Unless the
Collateral threatens to decline speedily in value, Holder shall give Maker reasonable notice of the time and place of any public
sale or of the time after which any private sale or other disposition of the Collateral is to be made, and notice given at least
10 days before the time of the sale or other disposition shall be conclusively presumed to be reasonable.

 

d. Pursue any other
rights or remedies available to Holder at law or in equity.

 

10.Full
Recourse. The liability of Maker for the Obligations shall not be limited to the Collateral, and Maker shall have full
liability therefor beyond the Collateral.

 

11. Representation
of Counsel. Maker acknowledges that they have 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.

 

12. 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.

 

13. 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.

 

14. 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 with respect to the administration, supervision, preservation
or protection of, or realization upon, any Collateral securing payment hereof. 

    	5

    	 

    

 

15. 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.

 

16.Notices.
All notices required to be given under this Note shall be in writing and shall be given as follows or at such other address
as a party may designate by written notice to the other parties:

 

To Maker:

Crown
Alliance Capital Limited

Attn:

 

To Holders:

Cyril Lacko in
Trust

    	6

    	 

    

 

 

With a copy to
(which shall not constitute notice):

 

Cane Clark LLP

Attn: Kyleen
E. Cane

3273 E Warm
Springs RD

Las Vegas,
NV 89120

(702) 944-7100
(fax) 

 

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.

 

 

17.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 or release
of collateral securing this Note. Any such action taken by Holder shall not discharge the liability of any party to this Note.

 

18.Further Assurances.
Maker shall execute and deliver all documents, provide all information and take or forbear from all such action as may be necessary
or appropriate to achieve the purposes of this Note.

 

 

[signature pages follow] 

 

    	7

    	 

    

IN WITNESS WHEREOF, this Note has been
executed effective the date and place first written above.

 

“Maker”: CROWN ALLIANCE CAPITAL
LIMITED

 

By: /s/ Lorraine Fusco 

Its: President and CEO 

Print Name: Lorraine Fusco 

Date: October 24, 2013

 

 

“Holder”:Cyril Lacko in Trust

 

 

By: /s/ Cyril Lacko in Trust

Its: Authorized Signatory

Print Name:   Cyril Lacko
in Trust

Date: October 25, 2013

 

    	8

    	 

    

  

Exhibit “A”

 

Collateral

 

 

The Collateral shall constitute
:

 

John Hancock life insurance
policy #UL 1200324 1924 in the amount of $2,000,000.00 USD (insured F. Kelly dob October 21, 1924);

 

 

And all proceeds thereof. 

 

    	9PROMISSORY NOTE

AND SECURITY AGREEMENT 

 

 

	US $200,000.00	Las Vegas, Nevada

 October 24, , 2013

 

For good and valuable consideration, Crown
Alliance Capital Limited, a Nevada corporation with an address of 2985 Drew Road Suite 217,
Mississauga, ON L4T OA4, Canada (“Maker”), hereby makes and delivers this Promissory Note and Security
Agreement (this “Note”) in favor of Rigod Holdings Limited, an individual , or its assigns (“Holder”),
and hereby agree as follows:

 

1. Principal
Obligation and Interest. For value received, Maker promises to pay to Holder at _______________[Holder Address],
or at such other place as Holder may designate in writing, in currently available funds of the United States, the principal sum
of  Two Hundred Thousand U.S. DOLLARS ($200,000). Maker’s obligation under this Note shall accrue simple interest
at the rate of FIFTEEN PERCENT (15%) 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.

 

Monthly payments of accrued interest shall
be made by the Maker to the Holder on the last day of each calendar month, commencing November 30, 2013, each in the amount of
Two Thousand Five Hundred US Dollars. (along with each monthly payment, the Maker shall provide confirmation to the Holder
independent confirmation that the policy is in force or allow the Holder direct access to John Hancock's insurance system to confirm
this directly. )

 

Payment of all remaining accrued and unpaid
interest and principal shall be due and payable as follows:

 

$200,000 plus any remaining interest shall
be paid upon the maturity event of the John Hancock life insurance policy which secures this obligation directly from the insurer.

 

But in no event shall these amounts
be paid later than March 30, 2017. 

 

If not so paid, at the option of the Holder
all principal and interest shall become immediately due and payable. 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. 

    	 

    	 

    

 

Maker shall have the right to prepay this
Note without penalty.

 

3. Grant of
Security Interest. As collateral security for the prompt, complete, and timely satisfaction of all present and future
indebtedness, liabilities, duties, and obligations of Maker to Holder evidenced by or arising under this Note, and including,
without limitation, all principal and interest payable under this Note, any future advances added to the principal amount due
hereunder, and all attorneys’ fees, costs and expenses incurred by Holder in the collection or enforcement of the same (collectively,
the “Obligations”), Maker hereby pledges, assigns and grants to Holder a continuing security interest
and lien in all of Maker’s right, title and interest in and to certain life insurance policies, including the proceeds of
any disposition thereof, described on Exhibit “A” attached hereto and incorporated herein by this reference
(collectively, the “Collateral”). As applicable, the terms of this Note with respect to Maker’s granting
of a security interest in the Collateral to Holder shall be deemed to be a security agreement under applicable provisions of the
Uniform Commercial Code (“UCC”), with Maker as the debtor and Holder as the secured party.

 

4. Perfection.
Upon the execution and delivery of this Note, Maker shall file an instruction for change of Beneficiary of the Collateral
with John Hancock Life Insurance Co., adding Holder as a 10% direct payee on the secured policy Collateral. Additionally,
Holder shall be authorized to file such financing statements and other documents in such offices as shall be necessary or as Holder
may reasonably deem necessary to perfect and establish the priority of the liens granted by this Note, including any amendments,
modifications, extensions or renewals thereof. Maker agrees, upon Holder’s request, to take all such actions as shall be
necessary or as Holder may reasonably request to perfect and establish the priority of the liens granted by this Note, including
any amendments, modifications, extensions or renewals thereof.

 

5. 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 of Maker. This Note has been duly executed and delivered
by an authorized officer Maker and constitutes a valid and legally binding obligation of Maker enforceable in accordance with
its terms.

 

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 upon any of the Collateral.

    	2

    	 

    

 

c.The security interest
granted hereby in and to the Collateral constitutes a present, valid, binding and enforceable security interest as collateral
security for the Obligations, and, except as to leased equipment or purchase-money encumbrances existing as of the date of this
Note as expressly disclosed to Holder in writing, such interests, upon perfection, will be senior and prior to any liens, encumbrances,
charges, title defects, interests and rights of any others with respect to such Collateral.

 

6.  Covenants
of Maker. For so long as any Obligations remain outstanding:

 

a.                  
Maker shall use the proceeds of this Note as working capital for general corporate purposes;

 

b.                  
Maker shall not sell, assign or transfer any of the Collateral, or any part thereof or interest
therein; 

 

c.                   
Maker shall pay or cause to be paid promptly when due all taxes and assessments on the Collateral;
and 

 

d.                  
Maker shall keep Holder apprised, in writing, as to the current location of all of the Collateral,
providing Holder with current information including any identifying policy numbers with respect to the Collateral so the Holder
may perfect and maintain the priority of its security interest therein. 

 

7. Use of Collateral.
For so long as no event of default shall have occurred and be continuing under this Note, Maker shall be entitled to use and
possess the Collateral and to exercise its rights, title and interest in all contracts, agreements, and licenses subject to the
rights, remedies, powers and privileges of Holder under this Note and to such use, possession or exercise not otherwise constituting
an event of default. Notwithstanding anything herein to the contrary, Maker shall remain liable to perform its duties and obligations
under the contracts and agreements included in the Collateral in accordance with their respective terms to the same extent as
if this Note had not been executed and delivered; the exercise by Holder of any right, remedy, power or privilege in respect of
this Note shall not release the Maker from any of its duties and obligations under such contracts and agreements; and Holder shall
have no duty, obligation or liability under such contracts and agreements included in the Collateral by reason of this Note, nor
shall Holder be obligated to perform any of the duties or obligations of Maker under any such contract or agreement or to take
any action to collect or enforce any claim (for payment) under any such contract or agreement.

    	3

    	 

    

 

8. Defaults.
The following shall be events of default under this Note:

 

a. Maker’s failure
to remit any payment under this Note on before the date due, if such failure is not cured in full within five (5) days of written
notice of default;

 

b. Maker’s failure
to perform or breach of any non-monetary obligation or covenant set forth in this Note or in any other written agreement between
Maker and Holder if such failure is not cured in full within ten (10) days following delivery of written notice thereof from Holder
to Maker;

 

c. If Maker is dissolved,
whether pursuant to any applicable articles of incorporation or bylaws and/or any applicable laws, or otherwise;

 

d. Default in the Maker’s
obligation for borrowed money, other than this Note, which shall continue for a period of twenty (20) days;

 

e. The commencement
of any action or proceeding which affects the Collateral or title thereto or the interest of Holder therein, including, but not
limited to eminent domain, insolvency, code enforcement or arrangements or proceedings involving a bankrupt or decedent;

 

f. 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; 

 

g. 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; or

 

9.Rights and
Remedies of Holder. Upon the occurrence of an event of default by Maker under this Note 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.

    	4

    	 

    

 

b. Pursue and enforce
all of the rights and remedies provided to a secured party with respect to the Collateral under the Uniform Commercial Code.

 

c. Require Maker to
assemble the Collateral and make it available to the Holder at the place to be designated by the Holder which is reasonably convenient
to both parties. The Holder may sell all or any part of the Collateral as a whole or in part either by public auction, private
sale, or other method of disposition. The Holder may bid at any public sale on all or any portion of the Collateral. Unless the
Collateral threatens to decline speedily in value, Holder shall give Maker reasonable notice of the time and place of any public
sale or of the time after which any private sale or other disposition of the Collateral is to be made, and notice given at least
10 days before the time of the sale or other disposition shall be conclusively presumed to be reasonable.

 

d. Pursue any other
rights or remedies available to Holder at law or in equity.

 

10.Full
Recourse. The liability of Maker for the Obligations shall not be limited to the Collateral, and Maker shall have full
liability therefor beyond the Collateral.

 

11. Representation
of Counsel. Maker acknowledges that they have 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.

 

12. 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.

 

13. 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.

    	5

    	 

    

 

14. 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 with respect to the administration, supervision, preservation
or protection of, or realization upon, any Collateral securing payment hereof. 

 

15. 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.

 

16.Notices.
All notices required to be given under this Note shall be in writing and shall be given as follows or at such other address
as a party may designate by written notice to the other parties:

 

To Maker:

Crown Alliance
Capital Limited

Attn:

 

To Holders:

Rigod Holdings
Limited

    	6

    	 

    

 

With a copy to
(which shall not constitute notice):

 

Cane Clark LLP

Attn: Kyleen
E. Cane

3273 E Warm Springs
RD

Las Vegas, NV
89120

(702) 944-7100
(fax) 

 

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.

 

 

17.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 or release
of collateral securing this Note. Any such action taken by Holder shall not discharge the liability of any party to this Note.

 

18.Further Assurances.
Maker shall execute and deliver all documents, provide all information and take or forbear from all such action as may be necessary
or appropriate to achieve the purposes of this Note.

 

 

[signature pages follow] 

 

    	7

    	 

    

IN WITNESS WHEREOF, this Note has been
executed effective the date and place first written above.

 

“Maker”: CROWN ALLIANCE CAPITAL
LIMITED

 

By: /s/ Lorraine Fusco 

Its: President and CEO 

Print Name: Lorraine Fusco 

Date: October 24, 2013

 

“Holder”:Rigod Holdings Limited

 

  

By:  /s/ Rigod Holdings Limited

Its: Authorized Signatory

Print Name:   Rigod
Holdings Limited

Date: October 24, 2013

 

    	8

    	 

    

  

Exhibit “A”

 

Collateral

 

 

The Collateral shall constitute
:

 

John Hancock life insurance
policy #UL 1200324 in the amount of $2,000,000.00 USD (insured F. Kelly dob October 21, 1924);

  

And all proceeds thereof.

    	9

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