Document:

ghmp_ex105.htm

EXHIBIT 10.5
  
 CONVERTIBLE NOTE
  
 Lone Star Gold, Inc., (the “Company”) for value received, hereby promises to pay to the order of JanBella Group, LLC (the “Holder”), the principal sum of $110,000.00 on demand at  the office of the Company in such coin or currency of the United States of America as at the  time of payment is legal tender for the payment of public and private debts, and to pay interest  on said principal sum at the rate of 10% per year, at said office, in like coin or currency. Until demand for payment is made, interest will be payable quarterly, with the first interest payment due on October 17, 2019.
  
 At the option of the Holder,  this Note may, at any time and from time-to-time, prior to the full payment of this Note, be converted, in whole or in part, into fully paid and nonassessable shares of the Company’s common stock upon surrender of this Note to the Company at its office, accompanied by written notice of election to convert and (if so required by the Company) instruments of transfer in form satisfactory to the Company, duly executed by the Holder or by his duly authorized attorney. The number of shares which will be issued upon any conversion of this Note will be determined by dividing the principal amount to be converted (plus, at the  option of the Holder, accrued and unpaid interest) by the lower of (i) $0.001 (the “Fixed Conversion Price”) or, (ii) 50% of the lowest bid price during the forty-five (45) consecutive trading day period ending on the trading day immediately prior to the applicable conversion date.
  
 The Fixed Conversion Price will be proportionately adjusted for stock splits or similar capital reorganizations. Any fractional shares resulting from a conversion will be rounded to the nearest whole share.
  
 If the Company, so long as this Note is outstanding, enters into a subsequent financing with a third party on terms that are more favorable to the third party than as provided by this Note, this Note will be amended to include such more favorable terms.
  
 The Holder may assign this Note by providing written notice to the Company.
   
 This Note is secured by all of the Company’s assets.
    
 In the event of default, the Company agrees to pay all costs of collection, including reasonable attorney’s fees.
   
 	 
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 This Note shall be deemed to be a contract made under the laws of North Carolina and  for all purposes shall be construed in accordance with the laws of North Carolina.
   
 	 	LONE STAR GOLD, INC. 
		  
	  
	  

	 Dated: July 17, 2019
	By:	/s/ William Alessi	
	 	 	 William Alessi, 
 Chief Executive Officer
	 

 
  
 	 
	 2ghmp_ex106.htm

EXHIBIT 10.6
  
 CONVERTIBLE NOTE
  
 Lone Star Gold, Inc., (the “Company”) for value received, hereby promises to pay to the order of Chris P. Chumas (the “Holder”), the principal sum of $50,287.40 on demand at the office of the Company in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts, and to pay interest on said principal sum at the rate of 10% per year, at said office, in like coin or currency. Until demand for payment is made, interest will be payable quarterly, with the first interest payment due on October 17, 2019.
  
 At the option of the Holder,  this Note may, at any time and from time-to-time, prior to the full payment of this Note, be converted, in whole or in part, into fully paid and nonassessable shares of the Company’s common stock upon surrender of this Note to the Company at its office, accompanied by written notice of election to convert and (if so required by the Company) instruments of transfer in form satisfactory to the Company, duly executed by the Holder or by his duly authorized attorney. The number of shares which will be issued upon any conversion of this Note will be determined by dividing the principal amount to be converted (plus, at the  option of the Holder, accrued and unpaid interest) by the lower of (i) $0.001 (the “Fixed Conversion Price”) or, (ii) 50% of the lowest bid price during the forty-five (45) consecutive trading day period ending on the trading day immediately prior to the applicable conversion date.
  
 The Fixed Conversion Price will be proportionately adjusted for stock splits or similar capital reorganizations. Any fractional shares resulting from a conversion will be rounded to the nearest whole share.
  
 If the Company, so long as this Note is outstanding, enters into a subsequent financing with a third party on terms that are more favorable to the third party than as provided by this Note, this Note will be amended to include such more favorable terms.
  
 The Holder may assign this Note by providing written notice to the Company. 
  
 This Note is secured by all of the Company’s assets.
  
 In the event of default, the Company agrees to pay all costs of collection, including reasonable attorney’s fees.
  
 	 
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 This Note shall be deemed to be a contract made under the laws of North Carolina and  for all purposes shall be construed in accordance with the laws of North Carolina.
  
 	 	LONE STAR GOLD, INC.	
	 	 	 	 
	Dated: July 17, 2019	By:	/s/ William Alessi	
	  
	  
	 William Alessi, 
 Chief Executive Officer
	 

 
  
 	 
	 2ghmp_ex107.htm

EXHIBIT 10.7
  
 PROMISSORY NOTE
 (Commercial)
  
 	 U.S. $200,000
	 July 22, 2019

 
  
 FOR VALUE RECEIVED, LONE STAR GOLD, INC. (Borrower) promises to pay to WILLIAM ALESSI, or order, (Note Holder) the principal sum of $200,000 U.S. Dollars, with interest on the unpaid principal balance from the date of this Note until paid, at the rate of 8% per annum.
  
 This Note, together with all accrued but unpaid interest, shall be due and payable on December 31, 2019
  
 Principal and interest shall be payable at the office of the Note Holder, or such other place as the Note Holder may designate.
  
 At the option of the Holder, this Note may, at any time and from time-to-time, prior to the full payment of this Note, be converted, in whole or in part, into fully paid and nonassessable shares of the Borrower’s common stock upon surrender of this Note to the Borrower at its office, accompanied by written notice of election to convert and (if so required by the Borrower) instruments of transfer in form satisfactory to the Borrower, duly executed by the Holder or by his duly authorized attorney. The number of shares which will be issued upon any conversion of this Note will be determined by dividing the principal amount to be converted (plus, at the option of the Holder, accrued and unpaid interest) by the lower of (i) $0.001 (the “Fixed Conversion Price”) or, (ii) 50% of the lowest bid price during the forty-five (45) consecutive trading day period ending on the trading day immediately prior to the applicable conversion date.
  
 The Fixed Conversion Price will be proportionately adjusted for stock splits or similar capital reorganizations. Any fractional shares resulting from a conversion will be rounded to the nearest whole share.
  
 Payments received for application to this Note shall be applied first to the payment of costs and expense of collection and/or suit, if any, second to the payment of accrued interest specified above, and the balance applied in reduction of the principal amount hereof.
  
 If this Note is not paid when due, the Note Holder shall be entitled to all reasonable costs and expense of collection and/or suit, including, but not limited to reasonable attorneys’ fees.
  
 Borrower may prepay the principal amount outstanding under this Note, in whole or in part, at any time without penalty.
     
 Borrower and all other makers, sureties, guarantors, and endorsers hereby waive presentment, notice of dishonor and protest, and they hereby agree to any extensions of time of payment and partial payments before, at, or after maturity.
  
 	 	LONE STAR GOLD, INC.	
	 	 	 	 
		By:	/s/ William Alessi	
	  
	  
	 William Alessi, 
 Chief Executive Officerghmp_ex108.htm

EXHIBIT 10.8
  
 PROMISSORY NOTE
 (Commercial)
  
 	 U.S. $100,000  
	 July 22, 2019

 
  
 FOR VALUE RECEIVED, LONE STAR GOLD, INC. (Borrower) promises to pay to Mainstar Trust Custodian FBO Chris P. Chumas IRA,or order, (Note Holder) the principal sum of $100,000 U.S. Dollars, with interest on the unpaid principal balance from the date of this Note until paid, at the rate of 8% per annum.
  
 This Note, together with all accrued but unpaid interest, shall be due and payable on December 31, 2019
  
 Principal and interest shall be payable at the office of the Note Holder, or such other place as the Note Holder may designate.
  
 Payments received for application to this Note shall be applied first to the payment of costs and expense of collection and/or suit, if any, second to the payment of accrued interest specified above, and the balance applied in reduction of the principal amount hereof.
  
 If this Note is not paid when due, the Note Holder shall be entitled to all reasonable costs and expense of collection and/or suit, including, but not limited to reasonable attorneys’ fees.
  
 Borrower may prepay the principal amount outstanding under this Note, in whole or in part, at any time without penalty.
  
 Borrower and all other makers, sureties, guarantors, and endorsers hereby waive presentment, notice of dishonor and protest, and they hereby agree to any extensions of time of payment and partial payments before, at, or after maturity.
  
 	 	LONE STAR GOLD, INC.	
	 	 	 	 
		By:	/s/ William Alessi	
	  
	  
	 William Alessi,
 Chief Executive Officerghmp_ex1012.htm

EXHIBIT 10.12
  
 GOOD HEMP, INC. 
 SUBSCRIPTION AGREEMENT
  
 Good Hemp, Inc.
 20311 Chartwell Center Drive, Suite 1469
 Cornelius, NC 28031
  
 RE:  Good Hemp, Inc. Common Stock
  
 Ladies and Gentlemen:
  
 The undersigned investor in this Subscription Agreement hereby acknowledges receipt of the Prospectus, dated __________________, 2020, of Good Hemp, Inc., a Nevada corporation (the “Company”), and subscribes for the following number of shares upon the terms and conditions set forth in the Prospectus.
  
 The Investor agrees that this Subscription Agreement is subject to availability and acceptance by the Company.
  
 The Investor hereby subscribes for ____________ shares of the Company’s common stock (“Common Stock”) at $_____ per share, for an aggregate purchase price of $____________. 
  
 Payment of $____________ as payment in full of the purchase price is being made via check directly to the Company.  
  
 If this subscription is rejected by the Company, in whole or in part, for any reason, all funds will be returned within three business days of the Company’s receipt of such funds, without interest or deduction of any kind.
  
 	  
	  

	 Purchaser Information:

	  
	  

	 Printed Name:
	 ____________________________

	  
	  

	 Signature:
	 ____________________________

	  
	  

	 Date:
	 ____________________________

	  
	  

	 Address: 
	 ____________________________

	  
	 ____________________________

	  
	 ____________________________

	  
	  

 
  
 The foregoing Subscription is hereby accepted in full on behalf of Good Hemp, Inc.
  
 Date: ___________________
  
 	 GOOD HEMP, INC.:
	  

	  
	  
	  

	 By:
	  
	  

	 Name:
	 William Alessi
	  

	 Title:
	 President & CEO

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