Document:

EXHIBIT
10.73

 

Note:
April 27, 2018

 

NEITHER
THESE SECURITIES NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED WITH THE UNITED STATES SECURITIES
AND EXCHANGE COMMISSION IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT. 

 

THIS
NOTE DOES NOT REQUIRE PHYSICAL SURRENDER OF THE NOTE IN THE EVENT OF A PARTIAL REDEMPTION OR CONVERSION. AS A RESULT, FOLLOWING
ANY REDEMPTION OR CONVERSION OF ANY PORTION OF THIS NOTE, THE OUTSTANDING PRINCIPAL SUM REPRESENTED BY THIS NOTE MAY BE LESS THAN
THE PRINCIPAL SUM AND ACCRUED INTEREST SET FORTH BELOW.

 

12%
CONVERTIBLE PROMISSORY NOTE 

 

OF

 

PROGREEN
US, INC.

 

Issuance
Date: April 27, 2018

Total
Face Value of Note: $236,085

 

This
Note is a duly authorized Convertible Promissory
Note of ProGreen US, Inc. a corporation duly organized and existing under the laws of the State of Delaware (the
“Company”), designated as the Company’s 12% Convertible Promissory Note due November 27, 2018 (“Maturity
Date”) in the principal amount of $236,085 (the “Note”).

 

For
Value Received, the Company hereby promises to
pay to the order of Tangiers Global, LLC or its registered assigns or successors-in-interest (the “Holder”)
the Principal Sum of $236,085 (the “Principal Sum”) and to pay “guaranteed” interest on the principal
balance hereof at an amount equivalent to 12% of the Principal Sum, to the extent such Principal Sum and “guaranteed”
interest and any other interest, fees, liquidated damages and/or items due to Holder herein have not been repaid or converted
into the Company’s Common Stock (the “Common Stock”), in accordance with the terms hereof. The sum of
$222,721.60 shall be remitted and delivered to the Company, and $13,363.40 shall be retained by the Holder through an original
issue discount (the “OID”) for due diligence and legal bills related to this transaction. The OID is set at
6% of any consideration paid. The Company covenants that within  months of the Effective Date of the Note, it shall
utilize approximately $222,721.60 of the proceeds in the manner set forth on Schedule 1, attached hereto (the “Use
of Proceeds”), and shall promptly provide evidence thereof to Holder, in sufficient detail as reasonably requested by
Holder.

 

    	 	 	 

     

    

 

In
addition to the “guaranteed” interest referenced above, and in the Event of Default pursuant to Section 2.00(a), additional
interest will accrue from the date of the Event of Default at the rate equal to the lower of 22% per annum or the highest rate
permitted by law (the “Default Rate”).

 

This
Note will become effective only upon the execution by both parties, including the execution of Exhibits B, C, D, E, Schedule 1,
and the Irrevocable Transfer Agent Instructions (the “Date of Execution”) and delivery of the initial payment
of consideration by the Holder (the “Effective Date”).

 

This
Note may be prepaid by the Company, in whole or in part, according to the following schedule:

 

	Days
    Since Effective Date	 	Prepayment
    Amount
	Under
    90	 	135%
    of Principal Amount

 

After
180 days from the Effective Date this Note may not be prepaid without written consent from Holder, which consent may be withheld,
delayed or denied in Holder’s sole and absolute discretion. Whenever any amount expressed to be due by the terms of this
Note is due on any day which is not a Business Day (as defined below), the same shall instead be due on the next succeeding day
which is a Business Day. If the Note is in default, per Section 2.00(a) below, the Company may not prepay the Note without written
consent of the Holder.

 

For
purposes hereof the following terms shall have the meanings ascribed to them below:

 

“Business
Day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the City of New York
are authorized or required by law or executive order to remain closed.

 

“Conversion
Price” shall be equal to 55% of the lowest trading price of the Company’s common stock during the 15 consecutive
Trading Days prior to the date on which Holder elects to convert all or part of the Note. For the purpose of calculating the Conversion
Price only, any time after 4:00 pm Eastern Time (the closing time of the Principal Market) shall be considered to be the beginning
of the next Business Day. If the Company is placed on “chilled” status with the Depository Trust Company (“DTC”),
the discount shall be increased by 10%, i.e., from 45% to 55%, until such chill is remedied. If the Company is not
Deposits and Withdrawal at Custodian (“DWAC”) eligible through their Transfer Agent and DTC’s Fast Automated
Securities Transfer (“FAST”) system, the discount will be increased by 5%, i.e., from 45% to
50%. In the case of both, the discount shall be a cumulative increase of 15%, i.e., from 45% to 60%. Any default
of this Note not remedied within the applicable cure period will result in a permanent additional 10% increase, i.e.,
from 45% to 55%, in addition to any other discount, as provided above, to the Conversion Price discount.

 

    	 	2	 

     

    

 

“Principal
Amount” shall refer to the sum of (i) the original principal amount of this Note (including the original issue discount,
prorated if the Note has not been funded in full), (ii) all guaranteed and other accrued but unpaid interest hereunder, (iii)
any fees due hereunder, (iv) liquidated damages, and (v) any default payments owing under the Note, in each case previously paid
or added to the Principal Amount.

 

“Principal
Market” shall refer to the primary exchange on which the Company’s common stock is traded or quoted.

 

“Trading
Day” shall mean a day on which there is trading or quoting for any security on the Principal Market.

 

“Underlying
Shares” means the shares of common stock into which the Note is convertible (including interest, fees, liquidated
damages and/or principal payments in common stock as set forth herein) in accordance with the terms hereof.

 

The
following terms and conditions shall apply to this Note:

 

Section
1.00Conversion.

 

(a)       Conversion
Right. Subject to the terms hereof and restrictions and limitations contained herein, the Holder shall have the right, at
the Holder’s sole option, at any time and from time to time to convert in whole or in part the outstanding and unpaid Principal
Amount under this Note into shares of Common Stock as per the Conversion Price, but not to exceed the Restricted Ownership Percentage,
as defined in Section 1.00(f). The date of any conversion notice (“Conversion Notice”) hereunder shall be referred
to herein as the “Conversion Date”.

 

(b)       Stock
Certificates or DWAC. The Company will deliver to the Holder, or Holder’s authorized designee, no later than 2 Trading
Days after the Conversion Date, a certificate or certificates (which certificate(s) shall be free of restrictive legends and trading
restrictions if the shares of Common Stock underlying the portion of the Note being converted are eligible under a resale exemption
pursuant to Rule 144(b)(1)(ii) and Rule 144(d)(1)(ii) of the Securities Act of 1933, as amended) representing the number of shares
of Common Stock being acquired upon the conversion of this Note. In lieu of delivering physical certificates representing the
shares of Common Stock issuable upon conversion of this Note, provided the Company’s transfer agent is participating in
DTC’s FAST program, the Company shall instead use commercially reasonable efforts to cause its transfer agent to electronically
transmit such shares issuable upon conversion to the Holder (or its designee), by crediting the account of the Holder’s
(or such designee’s) broker with DTC through its DWAC program (provided that the same time periods herein as for stock certificates
shall apply).

 

(c)
Charges and Expenses. Issuance of Common Stock to Holder, or any of its assignees, upon the conversion of this Note shall
be made without charge to the Holder for any issuance fee, transfer tax, legal opinion and related charges, postage/mailing charge
or any other expense with respect to the issuance of such Common Stock. Company shall pay all Transfer Agent fees incurred from
the issuance of the Common Stock to Holder, as well as any and all other fees and charges required by the Transfer Agent as a
condition to effectuate such issuance. Any such fees or charges, as noted in this Section that are paid by the Holder (whether
from the Company’s delays, outright refusal to pay, or otherwise), will be automatically added to the Principal Sum of the
Note and tack back to the Effective Date for purposes of Rule 144.

 

    	 	3	 

     

    

 

(d)       Delivery
Timeline. If the Company fails to deliver to the Holder such certificate or certificates (or shares through the DWAC program)
pursuant to this Section (free of any restrictions on transfer or legends, if eligible) prior to 3 Trading Days after the Conversion
Date, the Company shall pay to the Holder as liquidated damages an amount equal to $2,000 per day, until such certificate or certificates
are delivered. The Company acknowledges that it would be extremely difficult or impracticable to determine the Holder’s
actual damages and costs resulting from a failure to deliver the Common Stock and the inclusion herein of any such additional
amounts are the agreed upon liquidated damages representing a reasonable estimate of those damages and costs. Such liquidated
damages will be automatically added to the Principal Sum of the Note and tack back to the Effective Date for purposes of Rule
144.

 

(e)       Reservation
of Underlying Securities. The Company covenants that it will at all times reserve and keep available for Holder, out of its
authorized and unissued Common Stock solely for the purpose of issuance upon conversion of this Note, free from preemptive rights
or any other actual contingent purchase rights of persons other than the Holder, five times the number of shares of Common
Stock as shall be issuable (taking into account the adjustments under this Section 1.00, but without regard to any ownership limitations
contained herein) upon the conversion of this Note (consisting of the Principal Amount) to Common Stock (the “Required
Reserve”). The Company covenants that all shares of Common Stock that shall be issuable will, upon issue, be duly authorized,
validly issued, fully-paid, non-assessable and freely-tradable (if eligible). If the amount of shares on reserve in Holder’s
name at the Company’s transfer agent for this Note shall drop below the Required Reserve, the Company will, within 2 Trading
Days of notification from Holder, instruct the transfer agent to increase the number of shares so that the Required Reserve is
met. In the event that the Company does not instruct the transfer agent to increase the number of shares so that the Required
Reserve is met, the Holder will be allowed, if applicable, to provide this instruction as per the terms of the Irrevocable Transfer
Agent Instructions attached to this Note. The Company agrees that the maintenance of the Required Reserve is a material term of
this Note and any breach of this Section 1.00(e) will result in a default of the Note.

 

(f)       Conversion
Limitation. The Holder will not submit a conversion to the Company that would result in the Holder beneficially owning more
than 9.99% of the then total outstanding shares of the Company (“Restricted Ownership Percentage”).

 

(g)       Conversion
Delays. If the Company fails to deliver shares in accordance with the timeframe stated in Section 1.00(b), the Holder, at
any time prior to selling all of those shares, may rescind any portion, in whole or in part, of that particular conversion attributable
to the unsold shares. The rescinded conversion amount will be returned to the Principal Sum with the rescinded conversion shares
returned to the Company, under the expectation that any returned conversion amounts will tack back to the Effective Date.

 

(h)       Shorting
and Hedging. Holder may not engage in any “shorting” or “hedging” transaction(s) in the Common Stock
prior to conversion.

 

    	 	4	 

     

    

 

(i)       Conversion
Right Unconditional. If the Holder shall provide a Conversion Notice as provided herein, the Company’s obligations to
deliver Common Stock shall be absolute and unconditional, irrespective of any claim of setoff, counterclaim, recoupment, or alleged
breach by the Holder of any obligation to the Company.

 

Section
2.00Defaults and Remedies.

 

(a)       Events
of Default. An “Event of Default” is: (i) a default in payment of any amount due hereunder which default
continues for more than 5 Trading Days after the due date; (ii) a default in the timely issuance of underlying shares upon and
in accordance with terms of Section 1.00, which default continues for 2 Trading Days after the Company has failed to issue shares
or deliver stock certificates within the 3rd Trading Day following the Conversion Date; (iii) if the Company does not issue the
press release or file the Current Report on Form 8-K, in each case in accordance with the provisions and the deadlines referenced
Section 4.00(j); (iv) failure by the Company for 3 days after notice has been received by the Company to comply with any material
provision of this Note; (v) failure of the Company to remain compliant with DTC, thus incurring a “chilled” status
with DTC; (vi) any default of any mortgage, indenture or financial instrument which may be issued, or by which there may be secured
or evidenced any indebtedness, for money borrowed by the Company or for money borrowed the repayment of which is guaranteed by
the Company, in excess of $50,000 in principal or stated amount, whether such indebtedness or guarantee now exists or shall be
created hereafter; (vii) if the Company is subject to any Bankruptcy Event; (viii) any failure of the Company to satisfy its “filing”
obligations relating to filing of quarterly or annual reports under the Securities Exchange Act of 1934, as amended (the “1934
Act”) and the rules and guidelines issued by OTC Markets News Service, OTCMarkets.com and their affiliates; (ix) failure
of the Company to remain in good standing with its state of domicile; (x) any failure of the Company to provide the Holder with
information reasonably requested by Holder related to its corporate structure including, but not limited to, the number of authorized
and outstanding shares, public float, etc. within two Trading Days of request by Holder; (xi) failure by the Company to maintain
the Required Reserve in accordance with the terms of Section 1.00(e); (xii) failure of Company’s Common Stock to maintain
a closing bid price in its Principal Market for more than 3 consecutive Trading Days; (xiii) any delisting from a Principal Market
for any reason; (xiv) failure by Company to pay any of its Transfer Agent fees in excess of $2,000 or to maintain a Transfer Agent
of record; (xv) failure by Company to notify Holder of a change in Transfer Agent within 24 hours of such change; (xvi) any trading
suspension imposed by the United States Securities and Exchange Commission (the “SEC”) under Sections 12(j)
or 12(k) of the 1934 Act; (xvii) failure by the Company to meet all requirements necessary to satisfy the availability of Rule
144 to the Holder or its assigns, including but not limited to the timely fulfillment of its filing requirements as a fully-reporting
issuer registered with the SEC, requirements for XBRL filings, and requirements for disclosure of financial statements on its
website; (xviii) failure of the Company to abide by the Use of Proceeds or failure of the Company to inform the Holder of a change
in the Use of Proceeds; or (xix) failure of the Company to abide by the terms of the right of first refusal contained in Section
4.00(l).

 

    	 	5	 

     

    

 

(b)       Remedies.
If an Event of Default occurs, the outstanding Principal Amount of this Note owing in respect thereof through the date of acceleration,
shall become, at the Holder’s election, immediately due and payable in cash at the “Mandatory Default Amount”.
The Mandatory Default Amount means 35% of the outstanding Principal Amount of this Note, will be automatically added to the Principal
Sum of the Note and tack back to the Effective Date for purposes of Rule 144. Commencing 5 days after the occurrence of any Event
of Default that results in the eventual acceleration of this Note, this Note shall accrue additional interest, in addition to
the Note’s “guaranteed” interest, at a rate equal to the lesser of 22% per annum or the maximum rate permitted
under applicable law. Finally, commencing 5 days after the occurrence of any Event of Default that results in the eventual acceleration
of this Note, an additional permanent 10% increase to the Conversion Price discount will go into effect. In connection with such
acceleration described herein, the Holder need not provide, and the Issuer hereby waives, any presentment, demand, protest or
other notice of any kind, and the Holder may immediately and without expiration of any grace period enforce any and all of its
rights and remedies hereunder and all other remedies available to it under applicable law. Such acceleration may be rescinded
and annulled by the Holder at any time prior to payment hereunder and the Holder shall have all rights as a holder of the note
until such time, if any, as the Holder receives full payment pursuant to this Section 2.00(b). No such rescission or annulment
shall affect any subsequent event of default or impair any right consequent thereon. Nothing herein shall limit the Holder’s
right to pursue any other remedies available to it at law or in equity including, without limitation, a decree of specific performance
and/or injunctive relief with respect to the Issuer’s failure to timely deliver certificates representing shares of Common
Stock upon conversion of the Note as required pursuant to the terms hereof.

 

Section
3.00 Representations and Warranties of Holder.

 

Holder
hereby represents and warrants to the Company that:

 

(a)
Holder is an “accredited investor,” as such term is defined in Regulation D of the Securities Act of 1933, as
amended (the “1933 Act”), and will acquire this Note and the Underlying Shares (collectively, the
“Securities”) for its own account and not with a view to a sale or distribution thereof as that term is
used in Section 2(a)(11) of the 1933 Act, in a manner which would require registration under the 1933 Act or any state
securities laws. Holder has such knowledge and experience in financial and business matters that such Holder is capable of
evaluating the merits and risks of the Securities. Holder can bear the economic risk of the Securities, has knowledge and
experience in financial business matters and is capable of bearing and managing the risk of investment in the Securities.
Holder recognizes that the Securities have not been registered under the 1933 Act, nor under the securities laws of any state
and, therefore, cannot be resold unless the resale of the Securities is registered under the 1933 Act or unless an exemption
from registration is available. Holder has carefully considered and has, to the extent Holder believes such discussion
necessary, discussed with its professional, legal, tax and financial advisors, the suitability of an investment in the
Securities for its particular tax and financial situation and its advisers, if such advisors were deemed necessary, and has
determined that the Securities are a suitable investment for it. Holder has not been offered the Securities by any form of
general solicitation or advertising, including, but not limited to, advertisements, articles, notices or other communications
published in any newspaper, magazine, or other similar media or television or radio broadcast or any seminar or meeting
where, to Holders’ knowledge, those individuals that have attended have been invited by any such or similar means of
general solicitation or advertising. Holder has had an opportunity to ask questions of and receive satisfactory answers
from the Company, or any person or persons acting on behalf of the Company, concerning the terms and conditions of the
Securities and the Company, and all such questions have been answered to the full satisfaction of Holder. The Company has not
supplied Holder any information regarding the Securities or an investment in the Securities other than as contained in this
Agreement, and Holder is relying on its own investigation and evaluation of the Company and the Securities and not on any
other information.

 

    	 	6	 

     

    

 

(b)
The Holder is a limited liability company duly organized, validly existing and in good standing under the laws of the state of
its incorporation and has all requisite corporate power and authority to carry on its business as now conducted. The Holder is
duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have
a material adverse effect on its business or properties.

 

(c)
All corporate action has been taken on the part of the Holder, its officers, directors and stockholders necessary for the
authorization, execution and delivery of this Note. The Holder has taken all corporate action required to make all of the
obligations of the Holder reflected in the provisions of this Note, valid and enforceable obligations.

 

(d)
Each certificate or instrument representing Securities will be endorsed with the following legend (or a substantially similar
legend), unless or until registered under the 1933 Act or exempt from registration:

 

THE
SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE
SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES,
THE TRANSFER IS MADE IN COMPLIANCE WITH RULE 144 PROMULGATED UNDER SUCH ACT OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR
THE HOLDER OF THESE SECURITIES WHICH IS REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR
HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT.

 

Section
4.00 General.

 

(a)
       Payment of Expenses. The Company agrees to pay all reasonable charges and expenses,
including attorneys’ fees and expenses, which may be incurred by the Holder in successfully enforcing this Note and/or collecting
any amount due under this Note.

 

(b)
       Assignment, Etc. The Holder may assign or transfer this Note to any transferee
at its sole discretion. This Note shall be binding upon the Company and its successors and shall inure to the benefit of the Holder
and its successors and permitted assigns.

 

(c)       Amendments.
This Note may not be modified or amended, or any of the provisions of this Note waived, except by written agreement of the Company
and the Holder.

 

(d)       Funding
Window. The Company agrees that it will not enter into a convertible debt financing transaction with any party other than
the Holder for a period of 20 Trading Days following the Effective Date. The Company agrees that this is a material term of this
Note and any breach of this will result in a default of the Note.

 

(e)       Piggyback
Registration Rights. The Company shall include on the next registration statement that the Company files with the SEC (or
on the subsequent registration statement if such registration statement is withdrawn) all shares issuable upon conversion of this
Note. Failure to do so will result in liquidated damages of 30% of the outstanding Principal Sum of this Note, but not less than
$20,000, being immediately due and payable to the Holder at its election in the form of a cash payment or an addition to the Principal
Sum of this Note.

 

    	 	7	 

     

    

 

(f)       Terms
of Future Financings. So long as this Note is outstanding, upon any issuance by the Company or any of its subsidiaries of
any convertible debt security (whether such debt begins with a convertible feature or such feature is added at a later date) with
any term more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly
provided to the Holder in this Note, then the Company shall notify the Holder of such additional or more favorable term and such
term, at the Holder’s option, shall become a part of this Note and its supporting documentation. The types of terms contained
in the other security that may be more favorable to the holder of such security include, and are limited to, terms addressing
conversion discounts, conversion look back periods, interest rates, original issue discount percentages and warrant coverage.

 

(g)       Governing
Law; Jurisdiction.

 

(i)       Governing
Law. This Note will be governed by, and construed and interpreted in accordance with, the laws of the State of California
without regard to any conflicts of laws or provisions thereof that would otherwise require the application of the law of any other
jurisdiction.

 

(ii)       Jurisdiction
and Venue. Any dispute, claim, suit, action or other legal proceeding arising out of or relating to this Note or the rights
and obligations of each of the parties shall be brought only in the state courts of San Diego, California in the federal courts
of the United States of America located in San Diego, California.

 

(iii)       No
Jury Trial. The Company hereto knowingly and voluntarily waives any and all rights it may have to a trial by jury with respect
to any litigation based on, or arising out of, under, or in connection with, this Note.

 

(iv)       Delivery
of Process by the Holder to the Company. In the event of an action or proceeding by the Holder against the Company, and only
by the Holder against the Company, service of copies of summons and/or complaint and/or any other process that may be served in
any such action or proceeding may be made by the Holder via U.S. Mail, overnight delivery service such as FedEx or UPS, email,
fax, or process server, or by mailing or otherwise delivering a copy of such process to the Company at its last known attorney
as set forth in its most recent SEC filing.

 

(v)       Notices.
Any notice required or permitted hereunder (including Conversion Notices) must be in writing and either personally served, sent
by facsimile or email transmission, or sent by overnight courier. Notices will be deemed effectively delivered at the time of
transmission if by facsimile or email, and if by overnight courier the business day after such notice is deposited with the courier
service for delivery.

 

(h)       No
Bad Actor. No officer or director of the Company would be disqualified under Rule 506(d) of the Securities Act of 1933, as
amended, on the basis of being a “bad actor” as that term is established in the September 13, 2013 Small Entity Compliance
Guide published by the SEC.

 

    	 	8	 

     

    

 

(i)       Usury.
If it shall be found that any interest or other amount deemed interest due hereunder violates any applicable law governing usury,
the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under
applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage
of any law that would prohibit or forgive the Company from paying all or a portion of the principal, fees, liquidated damages
or interest on this Note.

 

(j)       Securities
Laws Disclosure; Publicity. The Company shall (a) by 9:30 a.m. Eastern Time on the Trading Day immediately following the Date
of Execution, issue a press release disclosing the material terms of the transactions contemplated hereby, and (b) file a Current
Report on Form 8-K, including a copy of this Note as an exhibit thereto, with the SEC within the time required by the 1934 Act.
From and after the filing of such press release, the Company represents to the Holder that it shall have publicly disclosed all
material, non-public information delivered to the Holder by the Company, or any of its officers, directors, employees, or agents
in connection with the transactions contemplated by this Note. The Company and the Holder shall consult with each other in issuing
any other press releases with respect to the transactions contemplated hereby, and neither the Company nor the Holder shall issue
any such press release nor otherwise make any such public statement without the prior consent of the Company, with respect to
any press release of the Holder, or without the prior consent of the Holder, with respect to any press release of the Company,
none of which consents shall be unreasonably withheld, delayed, denied, or conditioned except if such disclosure is required by
law, in which case the disclosing party shall promptly provide the other party with prior notice of such public statement or communication.
Notwithstanding the foregoing, the Company shall not publicly disclose the name of the Holder, or include the name of the Holder
in any filing with the SEC or any regulatory agency or Principal Market, without the prior written consent of the Holder, except
to the extent such disclosure is required by law or Principal Market regulations, in which case the Company shall provide the
Holder with prior notice of such disclosure permitted hereunder.

 

The
Company agrees that this is a material term of this Note and any breach of this Section 4.00(j) will result in a default of the
Note.

 

(k)       Attempted
Below-par Issuance. In the event that the Holder delivers a Conversion Notice to the Company and, if as of such date, (i)
the Conversion Price would be less than par value of the Company’s Common Stock and (ii) within three business days of the
delivery of the Conversion Notice, the Company shall not have reduced its par value such that all of the requested conversion
transaction may then be accomplished, then the Company and the Holder shall utilize the following conversion protocol for Par
Value Adjustment. The Holder shall transmit to the Company: (X) a “preliminary” Conversion Notice for the full number
of shares of Common Stock that would be issued at the Conversion Price without regard to any below-par value conversion issues;
followed by (Y) a “par value” Conversion Notice for the number of shares of Common Stock with the Conversion Price
increased from the “preliminary” Conversion Price to a Conversion Price at par value; and, finally, (Z) a “liquidated
damages” Conversion Notice for that number of shares of Common Stock that represents the difference between the “preliminary”
Conversion Notice full number of shares and the “par value” Conversion Notice limited number of shares. The Conversion
Price of such “liquidated damages Common Shares” would be the par value of the Common Stock. Accordingly, through
this protocol, the Company would issue, in two transactions, an amount of shares of its Common Stock equivalent to the full number
of shares of Common Stock that would have been issued in accordance with the “preliminary” Conversion Notice without
regard to any below-par value conversion issues. In the event that the Holder is precluded from exercising any or all of its conversion
rights hereunder as a result of a proposed “below par” conversion, the Company agrees that, in lieu of actual damages
for such failure, liquidated damages may be assessed and recovered by the Holder without being required to present any evidence
of the amount or character of actual damages sustained by reason thereof. The amount of such liquidated damages shall be an amount
equivalent to the trading price utilized in the “preliminary” Conversion Notice multiplied by the number of shares
calculated on the “liquidated damages” Conversion Notice. Such amount shall be assessed and become immediately due
and payable to the Holder (at its election) in the form of a (i) cash payment, (ii) an addition to the Principal Sum of this Note,
or (iii) the immediate issuance of that number of shares of Common Stock as calculated on the “liquidated damages”
Conversion Notice. Such liquidated damages are intended to represent estimated actual damages and are not intended to be a penalty,
but, by virtue of their genesis and subject to the election of the Holder (as set forth in the immediately preceding sentence),
will be automatically added to the Principal Sum of the Note and tack back to the Effective Date for purposes of Rule 144, as
the Company’s failure to maintain the par value of its Common Stock at an amount that would not result in a “below
par” conversion failure is equivalent to a default as of the Issuance Date of the Note.

 

    	 	9	 

     

    

 

(l)       Right
of First Refusal. From and after the date of this Note and at all times hereafter while the Note is outstanding, the Parties
agree that, in the event that the Company receives any written or oral proposal (the “Proposal”) containing
one or more offers to provide additional capital or equity (with the exception of the private common stock offering currently
in progress with Company stockholders) or debt financing (the “Financing Amount”), the Company agrees that
it shall provide a copy of all documents received relating to the Proposal together with a complete and accurate description of
the Proposal to the Holder and all amendments, revisions, and supplements thereto (the “Proposal Documents”)
no later than 3 business days from the receipt of the Proposal Documents. Following receipt of the Proposal Documents from the
Company, the Holder shall have the right (the “Right of First Refusal”), but not the obligation, for a period
of 5 business days thereafter (the “Exercise Period”), to invest, at similar or better terms to the Company,
an amount equal to or greater than the Financing Amount, upon written notice to the Company that the Holder is exercising the
Right of First Refusal provided hereby. In furtherance of the Right of First Refusal, the Company agrees that it will cooperate
and assist the Holder in conducting a due diligence investigation of the Company and its corporate and financial affairs and promptly
provide the Holder with information and documents that the Holder may reasonably request so as to allow the Holder to make an
informed investment decision. However, the Company and the Holder agree that the Holder shall have no more than 5 business days
from and after the expiration of the Exercise Period to exercise its Right of First Refusal hereunder. This Right of First Refusal
shall extend to all purchases of debt held by, or assigned to or from, current stockholders, vendors, or creditors, all transactions
under Sections 3(a)9 and/or 3(a)10 or the Securities Act of 1933, as amended, and all equity line-of-credit transactions. In the
event that the Company does enter into, or makes any issuance of Common Stock related to a 3(a)(9) Transaction or a 3(a)(10) Transaction
while this note is outstanding, without giving Right of First Refusal to the Holder, a liquidated damages charge of 25% of the
outstanding principal balance of this Note, but not less than $25,000, will be assessed and will become immediately due and payable
to the Holder at its election in the form of cash payment or addition to the balance of this Note. Such liquidated damages will
be automatically added to the Principal Sum of the Note and tack back to the Effective Date for purposes of Rule 144.

 

    	 	10	 

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Convertible Promissory Note to be duly executed on the day and in the year first
above written.

 

	 	PROGREEN US, INC.
	 	 	 
	 	By:	/s/
    Akio Ariura
	 	Name:	Akio
    Ariura
	 	Title:
    	Manager
	 	Email:	 
	 	Address:	 

 

This
Convertible Promissory Note of April 27, 2018 is accepted this 27th day of April, 2018 by

 

	TANGIERS GLOBAL, LLC 	 
	 	 	 
	By:	/s/
    Michael Sobeck	 
	Name:
    	Michael
    Sobeck	 
	Title:
    	Managing
    Member	 

 

    	 	11	 

     

    

 

EXHIBIT
A

 

FORM
OF CONVERSION NOTICE

 

(To
be executed by the Holder in order to convert all or part of that certain $236,085 Convertible Promissory Note identified as the
Note)

 

	DATE:	 	 	 
	FROM:	 	Tangiers
    Global, LLC (the “Holder”)	 

 

	 	Re:	$236,085
    Convertible Promissory Note (this “Note”) originally issued by ProGreen US, Inc., a Delaware corporation, to Tangiers
    Global, LLC on April 27, 2018.

 

The
undersigned on behalf of Tangiers Global, LLC , hereby elects to convert $_______________________ of the aggregate
outstanding Principal Amount (as defined in the Note) indicated below of this Note into shares of Common Stock, $0.0001 par value
per share, of ProGreen US, Inc. (the “Company”), according to the conditions hereof, as of the date written below.
If shares are to be issued in the name of a person other than undersigned, the undersigned will pay all transfer taxes payable
with respect thereto and is delivering herewith such certificates and opinions as reasonably requested by the Company in accordance
therewith. No fee will be charged to the Holder for any conversion, except for such transfer taxes, if any. The undersigned represents
as of the date hereof that, after giving effect to the conversion of this Note pursuant to this Conversion Notice, the undersigned
will not exceed the “Restricted Ownership Percentage” contained in this Note.

 

	Conversion
    information:	 	 
	 	 	Date
    to Effect Conversion
	 	 	 
	 	 	 
	 	 	Aggregate
    Principal Sum of Note Being Converted
	 	 	 
	 	 	 
	 	 	Aggregate
    Interest/Fees of Principal Amount Being Converted
	 	 	 
	 	 	 
	 	 	Remaining
    Principal Balance
	 	 	 
	 	 	 
	 	 	Number
    of Shares of Common Stock to be Issued
	 	 	 
	 	 	 
	 	 	Applicable
    Conversion Price
	 	 	 
	 	 	 
	 	 	Signature
    
	 	 	 
	 	 	 
	 	 	Name
	 	 	 
	 	 	 
	 	 	Address

 

    	 	12	 

     

    

 

EXHIBIT
B

 

WRITTEN
CONSENT OF THE BOARD OF DIRECTORS OF

 

PROGREEN
US, INC.

 

 

The
undersigned, being directors of ProGreen US, Inc., a Delaware corporation (the “Company”), acting pursuant to the
Bylaws of the Corporation, do hereby consent to, approve and adopt the following preamble and resolutions:

 

Convertible
Note with Tangiers Global, LLC 

 

The
board of directors of the Company has reviewed and authorized the following documents relating to the issuance of a Convertible
Promissory Note in the amount of $236,085 with Tangiers Global, LLC .

 

The
documents agreed to and dated April 27, 2018 are as follows:

 

12%
Convertible Promissory Note of ProGreen US, Inc.

Irrevocable
Transfer Agent Instructions

Notarized
Certificate of Corporate Secretary

Disbursement
Instructions

Company
Capitalization Table

Schedule
1 – Use of Proceeds

 

The
board of directors further agree to authorize and approve the issuance of shares to the Holder at Conversion prices that are below
the Company’s then current par value.

 

IN
WITNESS WHEREOF, the undersign member(s) of the board of the Company executed this unanimous written consent as of April 27, 2018.

 

	 	 
	 	 
	By:
    	 
	Its:
    	 

 

    	 	13	 

     

    

 

EXHIBIT
C

 

NOTARIZED
CERTIFICATE OF CORPORATE SECRETARY OF

 

PROGREEN
US, INC.

 

(Two
Pages)

 

The
undersigned, _______________________ is the duly elected Corporate Secretary of ProGreen US, Inc., a Delaware corporation
(the “Company”).

 

I
hereby warrant and represent that I have undertaken a complete and thorough review of the Company’s corporate and financial
books and records, including, but not limited to, the Company’s records relating to the following:

 

	 	(A)	The
issuance of that certain Convertible Promissory Note dated April 27, 2018 (the “Note Issuance Date”) issued
to Tangiers Global, LLC (the “Holder”) in the stated original principal amount of $236,085 (the “Note”);
	 	 	 
	 	(B)	The
    Company’s Board of Directors duly approved the issuance of the Note to the Holder;
	 	 	 
	 	(C)	The
    Company has not received and does not contemplate receiving any new consideration from any persons in connection with any
    later conversion of the Note and the issuance of the Company’s Common Stock upon any said conversion;
	 	 	 
	 	(D)	To
    my best knowledge and after completing the aforementioned review of the Company’s stockholder and corporate records,
    I am able to certify that the Holder (and the persons affiliated with the Holder) are not officers, directors, or directly
    or indirectly, ten percent (10.00%) or more stockholders of the Company and none of said persons has had any such status in
    the one hundred (100) days immediately preceding the date of this Certificate;
	 	 	 
	 	(E)	The
    Company’s Board of Directors have approved duly adopted resolutions approving the Irrevocable Instructions to the Company’s
    Stock Transfer Agent dated April 27, 2018;
	 	 	 
	 	(F)	Mark
    the appropriate selection:
	 	 	 
	 	 	___
    The Company represents that it is not a “shell company,” as that term is defined in Section 12b-2 of the Securities
    Exchange Act of 1934, as amended, and has never been a shell company, as so defined; or
	 	 	 
	 	 	___
    The Company represents that (i) it was a “shell company,” as that term is defined in Section 12b-2 of the Securities
    Exchange Act of 1934, as amended, (ii) since ______, 201__, it has no longer been a shell company, as so defined, and (iii)
    on _______, 201__, it provided Form 10-type information in a filing with the Securities and Exchange Commission.
	 	 	 
	 	(G)	I
    understand the constraints imposed under Rule 144 on those persons who are or may be deemed to be “affiliates,”
    as that term is defined in Rule 144(a)(1) of the Securities Act of 1933, as amended.
	 	 	 
	 	(H)	I
    understand that all of the representations set forth in this Certificate will be relied upon by counsel to Tangiers Global,
    LLC in connection with the preparation of a legal opinion.

 

    	 	14	 

     

    

 

I
hereby affix my signature to this Notarized Certificate and hereby confirm the accuracy of the statements made herein.

 

	Signed:	 	 	Date:	 
	 	 	 	 	 
	Name:	 	 	Title:	 

 

SUBSCRIBED
AND SWORN TO BEFORE ME ON THIS ________ DAY OF ____________________ 2018.

Commission
Expires:______________

____________________________________

Notary
Public

 

    	 	15	 

     

    

 

EXHIBIT
D

 

	TO:	 	Tangiers
    Global, LLC 
	FROM:	 	ProGreen
    US, Inc.
	DATE:	 	April
    27, 2018
	RE:	 	Disbursement
    of Funds

 

Pursuant
to that certain Convertible Promissory Note between the parties listed above and dated April 27, 2018, a disbursement of funds
will take place in the amount and manner described below:

 

	Please
    disburse to:	 
	Amount
    to disburse:	$222,721.60
	Form
    of distribution	Wire
	Name	ProGreen
    US, Inc.
	Company
    Address	 

         

         

	Wire
    Instructions:	Bank:

        ABA
        Routing Number:

        Account
        Number:

        SWIFT
        Code:

        Account
        Name:

        Phone:

 

TOTAL:
$222,721.60

 

	For: ProGreen US, Inc.	 	 
	 	 	 	 
	By:
    	 	 	Dated:
    April 27, 2018
	Name:	 	 	 
	Its:	 	 	 

 

    	 	16	 

     

    

 

EXHIBIT
E

 

COMPANY
CAPITALIZATION TABLE AS OF APRIL 27, 2018

 

COMMON
STOCK AND COMMON STOCK EQUIVALENTS

ISSUED,
OUTSTANDING AND RESERVED

 

 

	DESCRIPTION	 	AMOUNT
	Authorized
    Common Stock	 	 
	Authorized
Capital Stock	 	 
	Authorized
Common Stock	 	 
	Issued
Common Stock 	 	 
	Outstanding
Common Stock	 	 
	Treasury
Stock	 	 
	*Authorized,
    but unissued	 	 
	 	 	 
	Authorized
    Preferred Stock	 	 
	Issued
    Preferred Stock	 	 
	 	 	 
	Reserved
    for Equity Incentive Plans	 	 
	Reserved
    for Convertible Debt	 	 
	Reserved
    for Options and Warrants	 	 
	Reserved
    for Other Purposes	 	 
	 	 	 
	TOTAL
    COMMON STOCK AND COMMON STOCK EQUIVALENTS OUTSTANDING	 	 

 

*
This number includes all shares reserved for Convertible Debt

 

Note:
If not applicable, enter “n/a” or “zero” in Column 2.

 

    	 	17	 

     

    

 

CURRENT
DEBT AND LIABILITIES TABLE

 

CONVERTIBLE
PROMISSORY NOTE BALANCES AND PROMISSORY NOTE BALANCES

 

 

	DESCRIPTION	 	ISSUANCE
DATE	 	AMOUNT
	Convertible
    Promissory Note	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Promissory
    Note	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Other
    Debt and Liabilities	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

Note:
If not applicable, enter “n/a” or “zero” in Column 2.

 

To
my best knowledge and after completing the aforementioned review of the Company’s stockholder and corporate records, I am
able to certify the accuracy of the statements made herein.

 

	PROGREEN US, INC.	 	 
	 	 	 	 
	By:	 	 	Dated:
    April 27, 2018
	Name:	 	 	 
	Title:
    	 	 	 

 

    	 	18	 

     

    

 

SCHEDULE
1

 

USE
OF PROCEEDS

 

Pursuant
to that certain Convertible Promissory Note between the parties listed above and dated April 27, 2018, the Company covenants that
it will within,  month(s) of the Effective Date of the Note, it shall use approximately $222,721.60 of the proceeds
in the manner set forth below (the “Use of Proceeds”):

 

	PROGREEN US, INC.	 	 
	 	 	 	 
	By:	 	 	Dated:
    April 27, 2018
	Name:	 	 	 
	Title:
    	 	 	 

 

    	 	19EXHIBIT
10.74

 

FORBEARANCE
AGREEMENT

 

This
Forbearance Agreement (this “Agreement”) is entered into as of April 27, 2018 (“Execution Date”)
by and between Tangiers Global, LLC (“Lender”), a Wyoming limited liability company, and ProGreen US, Inc.,
a Delaware corporation (“Borrower”). Capitalized terms used in this Agreement without definition shall have
the meanings given to them in the Note (defined below).

 

WHEREAS,
Borrower previously sold and issued to Lender that certain Convertible Promissory Note dated October 17, 2017 in the original
principal amount of $306,804 (the “Note”);

 

WHEREAS,
Borrower has requested that Lender forbear from calling any events of default or otherwise exercising and enforcing its remedies
against Borrower with respect to the Transaction Documents (defined below) and Lender has agreed to do so on the terms and conditions
of this Agreement.

 

NOW
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree
as follows:

 

1.
Recitals and Definitions. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this
Agreement are true and accurate, are contractual in nature, and are hereby incorporated into and made a part of this Agreement.

 

2.
Forbearance. Subject to the terms, conditions and understandings contained in this Agreement, Lender hereby agrees to refrain
and forbear from exercising and enforcing its remedies under the Note, or any of the other agreements entered into in connection
with the transactions contemplated thereby (collectively, the “Transaction Documents”), or under applicable
law, until July 16, 2018 (the “Forbearance,” and such period of time Lender has agreed to forbear, the “Forbearance
Period”).

 

3.
Maturity Date Extension. Lender hereby agrees to extend the Maturity Date of the Note to July 16, 2018 (the “Extended
Maturity Date”).

 

4.
Prepayment Schedule Extension. The Lender hereby agrees to extend the prepayment schedule as follows:

 

	Days
    Since Execution Date	 	Prepayment
    Amount
	Under
    90	 	115%
    of Principal Amount

 

After
90 days from the Execution Date of this Agreement, the Note may not be prepaid without written consent from Lender, which consent
may be withheld, delayed, denied at the Holder’s sole option and absolute discretion. Whenever any amount expressed tobe
due by the terms of the Note is due on any day which is not a Business Day, the same shall instead be due on the next succeeding
day which is a Business Day. If the Note is in default, per Section 2.00(a), the Company may not prepay the Note without written
consent of the Holder.

 

    	 	1	 

    	 

    

 

5.
Conversions. Subject to the terms, conditions and understandings contained in this Agreement, Lender hereby agrees to refrain
from exercising its conversion rights under the Note until July 16, 2018.

 

6.
Forbearance Payments. Contemporaneously with the execution of this Agreement, Borrower covenants and agrees to make a $122,721.60
cash payment to Lender (the “Forbearance Payment”). The Forbearance Payment shall be made by Borrower to Lender
via wire transfer of immediately available funds. If the due date for any Forbearance Payment falls on a weekend, the due date
will be extended to the next business day. Payment by wire transfer shall be delivered through the following instructions:

 

Account
Name: Tangiers Global, LLC

Bank:
Chase

Bank
address: 101 W Broadway, Suite 100, San Diego, CA 92101

Account
name: Tangiers Global, LLC

Account
number: 810137187

Routing
number: 322271627

Address:
Caribe Plaza Office Building 6th Floor, Palmeras St. #53, San Juan, PR 00901

 

If
the Forbearance Payment is not received by the Lender within three (3) business days of the due date, the Borrower shall be in
default of this agreement and the Lender may issue to the Borrower a Notice of Default (the “Notice of Default”).
If the Borrower does not cure the default within five (5) business days of the due date, this Agreement shall terminate immediately.

 

7.
Borrower Obligations.

 

(a)
To incude Lender to enter into this Agreement, and as consideration for the terms and conditions contained herein, and concurrently
with the execution of this Agreement, Borrower shall issue to the Lender 1,000,000 5 year cashless warrants, exercisable at $.05.

 

(b)
Upon receipt of the Forbearance Payment, Lender hereby agrees that any and all accrued but unpaid interest on the Note shall be
considered paid in full.

 

8.
Ratification of the Note. The Note shall be and remains in full force and effect in accordance with its terms, and is hereby
ratified and confirmed in all respects. Borrower acknowledges that it is unconditionally obligated to pay the remaining balance
of each Note and represents that such obligation is not subject to any defenses, rights of offset or counterclaims. No forbearance
or waiver other than as expressly set forth herein may be implied by this Agreement. Except as expressly set forth herein, the
execution, delivery, and performance of this Agreement shall not operate as a waiver of, or as an amendment to, any right, power
or remedy of Lender under any Note or the Transaction Documents, as in effect prior to the date hereof.

 

9.
Failure to Comply. Borrower understands that the Forbearance shall terminate immediately upon the earliest occurrence of:
(i) any material breach of this Agreement; (ii) the end of the Forbearance Period; or (iii) an Event of Default that occurs after
the Execution Date, and that in any such case, Lender may seek all recourse available to it under the terms of the Note, this
Agreement, any other Transaction Document, or applicable law.

 

    	 	2	 

    	 

    

 

10.
Representations, Warranties and Agreements. In order to induce Lender to enter into this Agreement, Borrower, for itself,
and for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows:

 

Borrower
has full power and authority to enter into this Agreement and to incur and perform all obligations and covenants contained herein,
all of which have been duly authorized by all proper and necessary action. No consent, approval, filing or registration with or
notice to any governmental authority is required as a condition to the validity of this Agreement or the performance of any of
the obligations of Borrower hereunder.

 

All
understandings, representations, warranties and recitals contained or expressed in this Agreement are true, accurate, complete,
and correct in all respects. Borrower acknowledges and agrees that Lender has been induced in part to enter into this Agreement
based upon Lender’s justifiable reliance on the truth, accuracy, and completeness of all understandings, representations,
warranties, and recitals contained in this Agreement.

 

Except
as expressly set forth in this Agreement, Borrower acknowledges and agrees that neither the execution and delivery of this Agreement
nor any of the terms, provisions, covenants, or agreements contained in this Agreement shall in any manner release, impair, lessen,
modify, waive, or otherwise affect the liability and obligations of Borrower under the terms of the Note or any of the other Transaction
Documents.

 

Borrower
hereby acknowledges that it has freely and voluntarily entered into this Agreement after an adequate opportunity and sufficient
period of time to review, analyze, and discuss (i) all terms and conditions of this Agreement, (ii) any and all other documents
executed and delivered in connection with the transactions contemplated by this Agreement, and (iii) all factual and legal matters
relevant to this Agreement and/or any and all such other documents, with counsel freely and independently selected by Borrower
(or had the opportunity to be represented by counsel). Borrower further acknowledges and agrees that it has actively and with
full understanding participated in the negotiation of this Agreement and all other documents executed and delivered in connection
with this Agreement after consultation and review with its counsel (or had the opportunity to be represented by counsel), that
all of the terms and conditions of this Agreement and the other documents executed and delivered in connection with this Agreement
have been negotiated at arm’s-length, and that this Agreement and all such other documents have been negotiated, prepared,
and executed without fraud, duress, undue influence, or coercion of any kind or nature whatsoever having been exerted by or imposed
upon any party by any other party. No provision of this Agreement or such other documents shall be construed against or interpreted
to the disadvantage of any party by any court or other governmental or judicial authority by reason of such party having or being
deemed to have structured, dictated, or drafted such provision.

 

11.
Headings. The headings contained in this Agreement are for reference purposes only and do not affect in any way the meaning
or interpretation of this Agreement.

 

    	 	3	 

    	 

    

 

12.
Governing Law; Venue. This Agreement shall be governed by and interpreted in accordance with the laws of the State of California
without regard to the principles of conflict of laws. Each party agrees that the proper venue for any dispute arising out of or
relating to this Agreement shall be the courts of the State of California. BORROWER HEREBY IRREVOCABLY WAIVES ANY RIGHT IT
MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING
OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

13.
Counterparts. This Agreement may be executed in any number of counterparts with the same effect as if all signing parties
had signed the same document. All counterparts shall be construed together and constitute the same instrument. The exchange of
copies of this Agreement and of signature pages by facsimile transmission or other electronic transmission (including email) shall
constitute effective execution and delivery of this Agreement as to the parties and may be used in lieu of the original Agreement
for all purposes. Signatures of the parties transmitted by facsimile transmission or other electronic transmission (including
email) shall be deemed to be their original signatures for all purposes.

 

14.
Attorneys’ Fees. In the event of any arbitration or action at law or in equity to enforce or interpret the terms
of this Agreement, the parties agree that the party who is awarded the most money shall be deemed the prevailing party for all
purposes and shall therefore be entitled to an additional award of the full amount of the attorneys’ fees and expenses paid
by such prevailing party in connection with the arbitration, litigation and/or dispute without reduction or apportionment based
upon the individual claims or defenses giving rise to the fees and expenses. Nothing herein shall restrict or impair an arbitrator’s
or a court’s power to award fees and expenses for frivolous or bad faith pleading.

 

15.
Severability. If any part of this Agreement is construed to be in violation of any law, such part shall be modified to
achieve the objective of the parties to the fullest extent permitted and the balance of this Agreement shall remain in full force
and effect.

 

16.
Entire Agreement. This Agreement, together with the Transaction Documents, and all other documents referred to herein,
supersedes all other prior oral or written agreements between Borrower, Lender, its affiliates and persons acting on its behalf
with respect to the matters discussed herein, and this Agreement and the instruments referenced herein contain the entire understanding
of the parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein,
neither Lender nor Borrower makes any representation, warranty, covenant or undertaking with respect to such matters.

 

17.
No Reliance. Borrower acknowledges and agrees that neither Lender nor any of its officers, directors, shareholders, managers,
representatives or agents has made any representations or warranties to Borrower or any of its agents, representatives, officers,
directors, or employees except as expressly set forth in this Agreement and the Transaction Documents and, in making its decision
to enter into the transactions contemplated by this Agreement and the Transaction Documents, Borrower is not relying on any representation,
warranty, covenant or promise of Lender or its officers, directors, members, managers, agents or representatives other than as
set forth in this Agreement and in the Transaction Documents.

 

    	 	4	 

    	 

    

 

18.
Amendments. This Agreement may be amended, modified, or supplemented only by written agreement of the parties. No provision
of this Agreement may be waived except in writing signed by the party against whom such waiver is sought to be enforced.

 

19.
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective
successors and assigns. This Agreement or any of the severable rights and obligations inuring to the benefit of or to be performed
by Lender hereunder may be assigned by Lender to a third party, including its financing sources, in whole or in part. Borrower
may not assign this Agreement or any of its obligations herein without the prior written consent of Lender.

 

20.
Continuing Enforceability; Conflict Between Documents. Except as otherwise modified by this Agreement, the Note and each
of the other Transaction Documents shall remain in full force and effect, enforceable in accordance with all of its original terms
and provisions. This Agreement shall not be effective or binding unless and until it is fully executed and delivered by Lender
and Borrower. If there is any conflict between the terms of this Agreement, on the one hand, and the Note or any other Transaction
Document, on the other hand, the terms of this Agreement shall prevail.

 

21.
Time of Essence. Time is of the essence with respect to each and every provision of this Agreement.

 

22.
Notices. Unless otherwise specifically provided for herein, all notices, demands or requests required or permitted under
this Agreement to be given to Borrower or Lender shall be given as set forth in the “Notices” section of the Note.

 

23.
Further Assurances. Each party shall do and perform or cause to be done and performed, all such further acts and things,
and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably
request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions
contemplated hereby.

 

[Signature
Page to Follow.]

 

    	 	5	 

    	 

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first set forth above.

 

	BORROWER:	 
	 	 
	PROGREEN
US, INC.	 
	 	 
	By:	/s/
    Akio Ariura	 
	Name:	Akio
    Ariura	 
	Title:	Manager	 

 

	LENDER:	 
	 	 	 
	TANGIERS GLOBAL, LLC	 
	 	 	 
	By:	/s/
    Michael Sobeck	 
	Name:	Michael
    Sobeck	 
	Title:	Managing
    Member	 

 

    	 	6

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