Document:

THE
LAW OFFICES OF

THOMAS
C. COOK, LTD.

ATTORNEY
AND COUNSELOR AT LAW

1980
FESTIVAL PLAZA DRIVE, SUITE 530

LAS
VEGAS, NEVADA 89135

(702)
524-9151

tccesq@aol.com

December
27, 2018

Michael
Gillespie & Associates, PLLC

10544
Alton Ave. NE

Seattle,
Washington 98125

Re:
Genesys Industries, Inc. (the "Company")

Financial
statements for the years ending June 30, 2017 and June 30, 2018

 

Gentlemen:

We
have been requested by a letter dated December 10, 2018 from Genesys Industries, Inc. (the "Company"), to provide you
with certain information relating to the Company in connection with your examination of their accounts as of June 30, 2017, June
30, 2018 and as of the date of this letter.

While
this firm represents the Company on a regular basis, our engagement has been confined to matters specifically referred to us by
the Company.

In
preparing this response, our procedures have been limited to making inquiries addressed to the present recollection of lawyers
currently with this firm who, according to our records, have performed legal services for the Company. These lawyers include those
members of the firm who would normally have responsibility for any pertinent matter with respect to which we have been employed
by the Company. We assume no responsibility for, and do not represent that we have made, a review of our files or inquiry of any
persons other than such lawyers or any investigation other than such inquiries of such lawyers.

Pending
or Threatened Litigation

We
are not aware of any information concerning any pending or threatened litigation, claims or assessments involving the Company.

Unasserted
Claims and Assessments

We concur with the representations contained in the audit inquiry letter,
a copy of which is attached hereto and incorporated herein.

    	 	1	 

     

    

Other
Matters

The
information set forth herein is as of the date of this letter except as otherwise noted, and we assume no obligation to advise
you of changes which may be brought to our attention hereafter.

This
response is limited by, and in accordance with, the ABA Statement of Policy regarding Lawyers' Responses to Auditors' Requests
for Information (December 1975); without limiting the generality of the foregoing, the limitations set forth in such Statement
on the scope and use of this response (Paragraphs 2 and 7) are specifically incorporated herein by reference, and any description
herein and any "loss contingencies" is qualified in its entirety by Paragraph 5 of the Statement and the accompanying
Commentary (which is an integral part of the Statement). Pursuant to the Company's request, this will confirm as correct the Company's
understanding as set forth in its audit inquiry to us that whenever, in the course of performing legal services for the Company
with respect to a matter recognized to involve an unasserted possible claim or assessment which may call for financial statement
disclosure, we have formed a professional conclusion that the Company must disclose or consider disclosure concerning such possible
claim or assessment, we, as a matter of professional responsibility to the Company, will so advise the Company and will consult
with the Company concerning the questions of such disclosure and the applicable requirements of ASC 450, Accounting for Contingencies.

 

Further,
as of December 27, 2018, the Company is not indebted to this firm for its services. 

	 	 	Sincerely,
	 	 	/s/ Thomas C. Cook
	 	 	Thomas C. Cook, Esq.
	 	 	 
	 	 	 
	Cc:	Genesys Industries, Inc.	 
	 	FileTo
fund its working capital requirements, Genesys Industries, Inc (the “Company”) has obtained a Special Line of Credit
also recognized as a Blanket Secured Promissory Note for the total draw down amount of up to $500,000 available on November 5th
2017, from Twiga Capital Partners, LLC (“TCP”), an entity controlled by the Company’s sole officer and
largest stockholder, Shefali Vibhakar.

THIS
AGREEMENT is between Genesys Industries, Inc, a Florida corporation (the company”), whose

corporate
address is 1914 24th St E, Palmetto, Florida 34221 and Twiga Capital Partners, LLC (“Lender”), a Florida
LLC with an address at 4851 Tamiami Trail N, Suite 200, Naples, FL 34103.

BLANKET
SECURED PROMISSORY NOTE

For
value received, Genesys Industries, Inc., a Florida Corporation (the “Company”), promises to pay to Twiga Capital
Partners, LLC, a Florida limited liability company (the “ Holder ”), or its registered assigns, the principal
sum of upto Five Hundred Thousand Dollars and Zero Cents ($500,000.00). Interest shall accrue from the date of this Note on the
unpaid principal amount at a rate equal to 5% per annum, compounded annually. The interest rate shall be computed on the basis
of the actual number of days elapsed and a year of 360 days. This Note is subject to the following terms and conditions.

1.
Maturity.

(a)
Principal and any accrued but unpaid interest under this Note shall be due and payable upon demand by the Holder at any time after
November 5th, 2017.

(b)
Notwithstanding the foregoing, the entire unpaid principal sum of this Note, together with accrued and unpaid interest thereon,
shall become immediately due and payable upon demand by the Holder at any time on or following the occurrence of any of the following
events:

(i)
the sale of all or substantially all of the Company’s assets, or any merger or consolidation of the Company with or into
another corporation; other than a merger or consolidation in which the holders of more than 50% of the shares of capital stock
of the Company outstanding immediately prior to such transaction continue to hold (either by the voting securities remaining outstanding
or by their being converted into voting securities of the surviving entity) more than 50% of the total voting power represented
by the voting securities of the Company, or such surviving entity, outstanding immediately after such transaction;

(ii)
the inability of the Company to pay its debts as they become due;

(iii)
the dissolution, termination of existence, or appointment of a receiver, trustee or custodian, for all or any material part of
the property of, assignment for the benefit of creditors by, or the

commencement
of any proceeding by the Company under any reorganization, bankruptcy,

arrangement,
dissolution or liquidation law or statute of any jurisdiction, now or in the future in effect;

(iv)
the execution by the Company of a general assignment for the benefit of creditors;

(v)
the commencement of any proceeding against the Company under any reorganization, bankruptcy, arrangement, dissolution or liquidation
law or statute of any jurisdiction, now or in the future in effect, which is not cured by the dismissal thereof within ninety
(90) days after the date commenced; or

(vi)
the appointment of a receiver or trustee to take possession of the property or assets of the Company.

2.Payment;
Prepayment. All payments
shall be made in lawful money of the United States of America at such place as the Holder hereof may from time to time designate
in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied
to principal. Prepayment of this Note may be made at any time without penalty.

3.
Transfer; Successors and Assigns.
The terms and conditions of this Note shall inure to the benefit of and be binding upon
the respective successors and assigns of the parties. This Note may be transferred only upon surrender of the original Note for
registration of transfer, duly endorsed, or accompanied by a duly executed written instrument of transfer in form satisfactory
to the Company. Thereupon, a new note for the same principal amount and accrued interest will be issued to, and registered in
the name of, the transferee. Interest and principal are payable only to the registered holder of this Note.

4.
Governing Law.
This Note and all acts and transactions pursuant hereto and the rights and obligations of the
parties hereto shall be governed, construed and interpreted in accordance with the laws of the

State
of Florida, without giving effect to principles of conflicts of law.

5.
Notices.
Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient
upon receipt, when delivered personally or by courier, overnight delivery service or confirmed facsimile, or 48 hours after being
deposited in the U.S. mail as certified or registered mail with postage prepaid, if such notice is addressed to the party to be
notified at such party’s address or facsimile

number
as set forth below or as subsequently modified by written notice.

6.
Amendments and Waivers.
Any term of this Note may be amended only with the written consent of the Company and the
Holder. Any amendment or waiver effected in accordance with this Section 6 shall be binding upon the Company, each Holder and
each transferee of this Note.

7.
Officers and Directors Not Liable.
In no event shall any officer or director of the Company be liable for any amounts due or
payable pursuant to this Note.

8.
Security Interest.
This Note is secured by all of the assets of the Company in accordance with the Security Agreement
by and between the Company and the Holder dated as of Nov 5th, 2017 (the “Security Agreement”). In case of
an Event of Default (as defined in the Security Agreement), the Holder shall have the rights set forth in the Security Agreement.

9.
Counterparts.
This Note may be executed in any number of counterparts, each of which will be deemed to be
an original and all of which together will constitute a single agreement.

10.
Action to Collect on Note.
If action is instituted to collect
on this Note, the Company promises to pay all costs and expenses, including reasonable attorney’s fees, incurred in connection
with such action.

11.
Loss of Note.
Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or
mutilation of this Note or any Note exchanged for it, and indemnity satisfactory to the Company (in case of loss, theft or destruction)
or surrender and cancellation of such Note (in the case of mutilation), the Company will make and deliver in lieu of such Note
a new Note of like tenor.

This
Note was entered into as of the date set forth above.

COMPANY:

GENESYS
INDUSTRIES, INC

 

By:
/s/ Shefali Vibhakar

Shefali
Vibhakar

President
and Chief Executive Officer

AGREED
TO AND ACCEPTED:

TWIGA
CAPITAL PARTNERS, LLC

By:
/s/ Shefali Vibhakar

Shefali
Vibhakar

Manager

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