Document:

THIS
NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS
OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD
EXCEPT AS PERMITTED UNDER THE ACT AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. LENDERS
SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE
ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT
ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

 

GS
CAPITAL PARTNERS, LLC

COLLATERALIZED
SECURED PROMISSORY NOTE

BACK
END NOTE

 

	$48,000.00	New
    York, NY
	 	August
    31, 2017

 

	1.	Principal and Interest

 

FOR VALUE RECEIVED, GS CAPITAL PARTNERS, LLC, (the “Company”) hereby absolutely and unconditionally
promises to pay to Tauriga Sciences, Inc. (the “Lender”), or order, the principal amount of Forty Eight Thousand Dollars
($48,000.00) no later than April 30, 2018, unless the Lender does not meet the “current information requirements” required
under Rule 144 of the Securities Act of 1933, as amended, in which case the Company may declare the offsetting note issued by the
Lender on the same date herewith to be in Default (as defined in that note) and cross cancel its payment obligations under this
Note as well as the Lenders payment obligations under the offsetting note. This Full Recourse Note shall bear simple interest at
the rate of 8% per annum.

 

	2.	Repayments and Prepayments; Security.

 

a. All principal under this Note shall be due and payable no later than April 30, 2018, unless the Lender
does not meet the “current information requirements” required under Rule 144 of the Securities Act of 1933, as amended,
in which case the Company may declare the offsetting note issued by the Lender on the same date herewith to be in Default (as defined
in that note) and cross cancel its payment obligations under this Note as well as the Lenders payment obligations under the offsetting
note.

 

b. The
Company may pay this Note at any time. This note may not be assigned by the Lender, except by operation of law.

 

c. This
Note shall initially be secured by the pledge of the $48,000.00 8% convertible promissory note issued to the Company by the Lender
on even date herewith (the “Lender Note”). The Company may exchange this collateral for other collateral with an
appraised value of at least $48,000.00, by providing 3 days prior written notice to the Lender. If the Lender does not
object to the substitution of collateral in that 3 day period, such substitution of collateral shall be deemed to have been accepted
by the Lender. Notwithstanding the foregoing, an exchange of collateral for $48,000.00 in cash shall not require the approval
of the Lender. Any collateral exchange shall not constitute a waiver of any defaults under a Lender note. All collateral shall
be retained by New Venture Attorneys, P.C., which shall act as the escrow agent for the collateral for the benefit of the Lender.
The Company may not effect any conversions under the Lender Note until it has made full cash payment for the portion of the Lender.

 

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	3.	Events
    of Default; Acceleration.

 

a. The
principal amount of this Note is subject to prepayment in whole or in part upon the occurrence and during the continuance of any
of the following events (each, an “Event of Default”): the initiation of any bankruptcy, insolvency, moratorium, receivership
or reorganization by or against the Company, or a general assignment of assets by the Company for the benefit of creditors. Upon
the occurrence of any Event of Default, the entire unpaid principal balance of this Note and all of the unpaid interest accrued
thereon shall be immediately due and payable. The Company may offset amounts due to the Lender under this Note by similar amounts
that may be due to the Company by the Lender resulting from breaches under the Lender Note.

 

b. No
remedy herein conferred upon the Lender is intended to be exclusive of any other remedy and each and every remedy shall be cumulative
and in addition to every other remedy hereunder, now or hereafter existing at law or in equity or otherwise. The Company accepts
and agrees that this Note is a full recourse note and that the Lender may exercise any and all remedies available to it under
law.

 

	4.	Notices

 

a.
All notices, reports and other communications required or permitted hereunder shall be in writing and may be delivered in person,
by telecopy with written confirmation, overnight delivery service or U.S. mail, in which event it may be mailed by first-class,
certified or registered, postage prepaid, addressed (i) if to a Lender, at such Lender’s address as the Lender shall have
furnished the Company in writing and (ii) if to the Company at such address as the Company shall have furnished the Lender(s)
in writing.

 

b. Each
such notice, report or other communication shall for all purposes under this Note be treated as effective or having been given
when delivered if delivered personally or, if sent by mail, at the earlier of its receipt or 72 hours after the same has been
deposited in a regularly maintained receptacle for the deposit of the United States mail, addressed and mailed as aforesaid, or,
if sent by electronic communication with confirmation, upon the delivery of electronic communication.

 

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	5.	Miscellaneous.

 

a.
Neither this Note nor any provisions hereof may be changed, waived, discharged or terminated orally, but only by a signed statement
in writing.

 

b. No
failure or delay by the Lender to exercise any right hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, power or privilege preclude any other right, power or privilege. The provisions of this Note are severable
and if any one provision hereof shall be held invalid or unenforceable in whole or in part in any jurisdiction, such invalidity
or unenforceability shall affect only such provision in such jurisdiction. This Note expresses the entire understanding of the
parties with respect to the transactions contemplated hereby. The Company and every endorser and guarantor of this Note regardless
of the time, order or place of signing hereby waives presentment, demand, protest and notice of every kind, and assents to any
extension or postponement of the time for payment or any other indulgence, to any substitution, exchange or release of collateral,
and to the addition or release of any other party or person primarily or secondarily liable.

 

c. If
Lender retains an attorney for collection of this Note, or if any suit or proceeding is brought for the recovery of all, or any
part of, or for protection of the indebtedness respected by this Note, then the Company agrees to pay all costs and expenses of
the suit or proceeding, or any appeal thereof, incurred by the Lender, including without limitation, reasonable attorneys’
fees.

 

d. This
Note shall for all purposes be governed by, and construed in accordance with the laws of the State of New York (without reference
to conflict of laws).

 

e. This
Note shall be binding upon the Company’s successors and assigns, and shall inure to the benefit of the Lender’s successors
and assigns.

 

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IN
WITNESS WHEREOF, the Company has caused this Note to be executed by its duly authorized officer to take effect as of the date
first hereinabove written.

 

	 	GS
CAPITAL PARTNERS, LLC
	 	 	 
	 	By:	/s/
    Gabe Savegh
	 	Title:	Manager
	 	 	 
	 	APPROVED:
	 	 	 
	 	TAURIGA SCIENCES, INC.
	 	 	 
	 	By:	/s/
    Seth Shaw
	 	Title:	CEO

 

    	 	 4DEBT
CONVERSION AGREEMENT

 

This
Debt Conversion Agreement (the “Agreement”) is entered into effective as of as of August 30, 2017 by and between
Tauriga Sciences Inc. a Delaware corporation (“Investor”) and Honeywood LLC, a California Limited Liability
Company, (the “Company”), with reference to the following facts:

 

WHEREAS,
Investor has loaned certain funds to the Company as described in the Loan Agreement and Security Agreement and Secured Promissory
Note dated September 24, 2014 (the “Loan Agreement”), of which the Company and Investor desire to convert $175,000
plus accrued and unpaid interest through the date hereof (the “Debt”), into Membership Interest of the Company.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Investor and the
Company agree as follows:

 

1.
Conversion to Membership Interest. Effective as of August 1, 2017, the $170,000 Debt shall be converted into a five percent
(5%) Membership Interest of Company. Upon execution of this Agreement, the Company shall record Investor as a 5% Membership Owner
in its Operating Agreement, and the Investor shall acknowledge the repayment of $175,000 under the Loan Agreement.

 

2.
Investor Representations. The Company is issuing the Membership Interest to Investor in reliance upon the following representations
made by Investor:

 

(a)
Investor acknowledges and agrees that the Membership Interest is characterized as “restricted securities” under the
Securities Act of 1933 (as amended and together with the rules and regulations promulgated thereunder, the “Securities
Act”) and that, under the Securities Act and applicable regulations thereunder, such securities may not be resold, pledged
or otherwise transferred without registration under the Securities Act or an exemption therefrom. Investor acknowledges and agrees
that (i) the Membership Interest is being offered in a transaction not involving any public offering in the United States within
the meaning of the Securities Act, and the Membership Interest has not been registered under the Securities Act, and (ii) such
interest may be offered, resold, pledged or otherwise transferred only in a transaction registered under the Securities Act, or
meeting the requirements of Rule 144, or in accordance with another exemption from the registration requirements of the Securities
Act (and based upon an opinion of counsel if the Company so requests) and in accordance with any applicable securities laws of
any State of the United States or any other applicable jurisdiction.

 

(b)
Investor acknowledges and agrees that: (a) the Membership Interest has not been registered under the Securities Act, or under
any state securities laws, and are being offered and sold in reliance upon federal and state exemptions for transactions not involving
any public offering; (b) Investor is acquiring the Membership Interest solely for its own account for investment purposes, and
not with a view to the distribution thereof in a transaction that would violate the Securities Act or the securities laws of any
State of the United States or any other applicable jurisdiction; (c) Investor is a sophisticated purchaser with such knowledge
and experience in business and financial matters that it is capable of evaluating the merits and risks of purchasing the Membership
Interest; (d) Investor has had the opportunity to obtain from the Company such information as desired in order to evaluate the
merits and the risks inherent in holding Membership Interest; (e) Investor is able to bear the economic risk and lack of liquidity
inherent in holding the Membership Interest; (f) Investor is an “accredited investor” within the meaning of Rule 501(a)
under the Securities Act; and (g) and (g) Investor either has a pre-existing personal or business relationship with the Company
or its officers, directors or controlling persons, or by reason of Investor’s business or financial experience, or the business
or financial experience of their professional advisors who are unaffiliated with and who are not compensated by the Company, directly
or indirectly, have the capacity to protect their own interests in connection with the purchase of the Membership Interest.

 

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(d)
Investor’s investment in the Company pursuant to this Membership Interest is consistent, in both nature and amount, with
Investor’s overall investment program and financial condition.

 

3.
Miscellaneous.

 

(a)
This Agreement shall be construed and enforced in accordance with the laws of the State of California.

 

(b)
This Agreement constitutes the entire agreement between the parties and supersedes all prior oral or written negotiations and
agreements between the parties with respect to the subject matter hereof. No modification, variation or amendment of this Agreement
(including any exhibit hereto) shall be effective unless made in writing and signed by both parties.

 

(c)
Each party to this Agreement hereby represents and warrants to the other party that it has had an opportunity to seek the advice
of its own independent legal counsel with respect to the provisions of this Agreement and that its decision to execute this Agreement
is not based on any reliance upon the advice of any other party or its legal counsel. Each party represents and warrants to the
other party that in executing this Agreement such party has completely read this Agreement and that such party understands the
terms of this Agreement and its significance. This Agreement shall be construed neutrally, without regard to the party responsible
for its preparation.

 

(d)
Each party to this Agreement hereby represents and warrants to the other party that (i) the execution, performance and delivery
of this Agreement has been authorized by all necessary action by such party; (ii) the representative executing this Agreement
on behalf of such party has been granted all necessary power and authority to act on behalf of such party with respect to the
execution, performance and delivery of this Agreement; and (iii) the representative executing this Agreement on behalf of such
party is of legal age and capacity to enter into agreements which are fully binding and enforceable against such party.

 

(e)
This Agreement may be executed in any number of counterparts and may be delivered by facsimile transmission, all of which taken
together shall constitute a single instrument.

 

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This
Agreement is entered into and effective as of the date first written above.

 

	COMPANY:	 	INVESTOR:
	 	 	 
	Honeywood
    LLC	 	Tauriga
    Sciences Inc.
	 	 	 	 
	By:	/s/
    Daniel Kosmal	 	/s/
    Seth Shaw
	 	Daniel
    Kosmal, CEO	 	Seth
    Shaw, CEO

 

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