Document:

Exhibit 4.3

 

NEITHER THE ISSUANCE AND SALE OF THE
SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE
FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION
WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

	Principal Amount: $128,500.00	Issue Date: April 26, 2019
	Purchase Price: $128,500.00	 

 

CONVERTIBLE PROMISSORY NOTE

 

FOR VALUE RECEIVED, AGRITEK HOLDINGS,
INC., a Delaware corporation (hereinafter called the “Borrower”), hereby promises to pay to the order of POWER
UP LENDING GROUP LTD., a Virginia corporation, or registered assigns (the “Holder”) the sum of $128,500.00 together
with any interest as set forth herein, on April 26, 2020 (the “Maturity Date”), and to pay interest on the unpaid principal
balance hereof at the rate of twelve percent (12%)(the “Interest Rate”) per annum from the date hereof (the “Issue
Date”) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. This
Note may not be prepaid in whole or in part except as otherwise explicitly set forth herein. Any amount of principal or interest
on this Note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date
thereof until the same is paid (“Default Interest”). Interest shall be computed on the basis of a 365 day year and
the actual number of days elapsed. Interest shall commence accruing on the Issue Date but shall not be payable until the Note becomes
payable (whether at Maturity Date or upon acceleration or by prepayment). All payments due hereunder (to the extent not converted
into common stock, $0.0001 par value per share (the “Common Stock”) in accordance with the terms hereof) shall be made
in lawful money of the United States of America. All payments shall be made at such address as the Holder shall hereafter give
to the Borrower by written notice made in accordance with the provisions of this Note. Each capitalized term used herein, and not
otherwise defined, shall have the meaning ascribed thereto in that certain Securities Purchase Agreement dated the date hereof,
pursuant to which this Note was originally issued (the “Purchase Agreement”).

 

This Note is free from all taxes, liens,
claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights
of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

 

     

     

    

 

The following terms shall apply to this Note:

 

ARTICLE I. CONVERSION RIGHTS

 

1.1 Conversion
Right. The Holder shall have the right from time to time, and at any time during the period beginning on the date which
is one hundred eighty (180) days following the date of this Note and ending on the later of: (i) the Maturity Date and (ii)
the date of payment of the Default Amount (as defined in Article III), each in respect of the remaining outstanding amount of
this Note to convert all or any part of the outstanding and unpaid amount of this Note into fully paid and non- assessable
shares of Common Stock, as such Common Stock exists on the Issue Date, or any shares of capital stock or other securities of
the Borrower into which such Common Stock shall hereafter be changed or reclassified at the conversion price (the
“Conversion Price”) determined as provided herein (a “Conversion”); provided, however,
that in no event shall the Holder be entitled to convert any portion of this Note in excess of that portion of this Note upon
conversion of which the sum of (1) the number of shares of Common Stock beneficially owned by the Holder and its affiliates
(other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unconverted portion of
the Notes or the unexercised or unconverted portion of any other security of the Borrower subject to a limitation on
conversion or exercise analogous to the limitations contained herein) and (2) the number of shares of Common Stock issuable
upon the conversion of the portion of this Note with respect to which the determination of this proviso is being made, would
result in beneficial ownership by the Holder and its affiliates of more than 4.99% of the outstanding shares of Common Stock.
For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance
with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Regulations 13D-G
thereunder, except as otherwise provided in clause (1) of such proviso. The beneficial ownership limitations on conversion
as set forth in the section may NOT be waived by the Holder. The number of shares of Common Stock to be issued upon each
conversion of this Note shall be determined by dividing the Conversion Amount (as defined below) by the applicable Conversion
Price then in effect on the date specified in the notice of conversion, in the form attached hereto as Exhibit A (the
“Notice of Conversion”), delivered to the Borrower by the Holder in accordance with Section 1.4 below; provided
that the Notice of Conversion is submitted by facsimile or e-mail (or by other means resulting in, or reasonably expected to
result in, notice) to the Borrower before 6:00 p.m., New York, New York time on such conversion date (the “Conversion
Date”); however, if the Notice of Conversion is sent after 6:00pm, New York, New York time the Conversion Date shall be
the next business day. The term “Conversion Amount” means, with respect to any conversion of this Note, the sum
of (1) the principal amount of this Note to be converted in such conversion plus (2) at the Holder’s
option, accrued and unpaid interest, if any, on such principal amount at the interest rates provided in this Note to the
Conversion Date, plus (3) at the Holder’s option, Default Interest, if any, on the amounts referred to in the
immediately preceding clauses (1) and/or (2) plus (4) at the Holder’s option, any amounts owed to the Holder
pursuant to Sections 1.4 hereof.

 

1.2 Conversion Price.
The conversion price (the “Conversion Price”) shall equal the Variable Conversion Price (as defined herein) (subject
to equitable adjustments by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the
Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The “Variable
Conversion Price” shall mean 63% multiplied by the Market Price (as defined herein) (representing a discount rate of 37%).
“Market Price” means the lowest Trading Price (as defined below) for the Common Stock during the twenty (20) Trading
Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any
security as of any date, the closing bid price on the OTCQB, OTCQX, Pink Sheets electronic quotation system or applicable trading
market (the “OTC”) as reported by a reliable reporting service (“Reporting Service”) designated by the
Holder (i.e. Bloomberg) or, if the OTC is not the principal trading market for such security, the closing bid price of such security
on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of
such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such
security that are listed in the “pink sheets”. If the Trading Price cannot be calculated for such security on such
date in the manner provided above, the Trading Price shall be the fair market value as reasonably determined by the Borrower.
“Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTC, or on the principal
securities exchange or other securities market on which the Common Stock is then being traded.

 

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1.3 Authorized
Shares. The Borrower covenants that during the period the conversion right exists, the Borrower will reserve from its
authorized and unissued Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance
of Common Stock upon the full conversion of this Note issued pursuant to the Purchase Agreement. The Borrower is required at
all times to have authorized and reserved six times the number of shares that would be issuable upon full conversion of the
Note (assuming that the 4.99% limitation set forth in Section 1.1 is not in effect)(based on the respective Conversion Price
of the Note (as defined in Section 1.2) in effect from time to time, initially 4,355,194)(the “Reserved Amount”).
The Reserved Amount shall be increased (or decreased with the written consent of the Holder) from time to time in accordance
with the Borrower’s obligations hereunder. The Borrower represents that upon issuance, such shares will be duly and
validly issued, fully paid and non-assessable. In addition, if the Borrower shall issue any securities or make any change to
its capital structure which would change the number of shares of Common Stock into which the Notes shall be convertible at
the then current Conversion Price, the Borrower shall at the same time make proper provision so that thereafter there shall
be a sufficient number of shares of Common Stock authorized and reserved, free from preemptive rights, for conversion of the
outstanding Note. The Borrower (i) acknowledges that it has irrevocably instructed its transfer agent to issue certificates
for the Common Stock issuable upon conversion of this Note, and (ii) agrees that its issuance of this Note shall constitute
full authority to its officers and agents who are charged with the duty of executing stock certificates to execute and issue
the necessary certificates for shares of Common Stock in accordance with the terms and conditions of this Note.

 

If, at any time the Borrower does not maintain
the Reserved Amount it will be considered an Event of Default under Section 3.2 of the Note.

 

1.4 Method of Conversion.

 

(a) Mechanics of Conversion.
As set forth in Section 1.1 hereof, from time to time, and at any time during the period beginning on the date which is one hundred
eighty (180) days following the date of this Note and ending on the later of: (i) the Maturity Date and (ii) the date of payment
of the Default Amount, this Note may be converted by the Holder in whole or in part at any time from time to time after the Issue
Date, by (A) submitting to the Borrower a Notice of Conversion (by facsimile, e-mail or other reasonable means of communication
dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B) subject to Section 1.4(b), surrendering
this Note at the principal office of the Borrower (upon payment in full of any amounts owed hereunder).

 

(b) Surrender of Note
Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in accordance with
the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless the entire unpaid principal
amount of this Note is so converted. The Holder and the Borrower shall maintain records showing the principal amount so converted
and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Borrower, so as
not to require physical surrender of this Note upon each such conversion.

 

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(c) Delivery
of Common Stock Upon Conversion. Upon receipt by the Borrower from the Holder of a facsimile transmission or e-mail (or
other reasonable means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in
this Section 1.4, the Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder
certificates for the Common Stock issuable upon such conversion within three (3) business days after such receipt (the
“Deadline”) (and, solely in the case of conversion of the entire unpaid principal amount hereof, surrender of
this Note) in accordance with the terms hereof and the Purchase Agreement. Upon receipt by the Borrower of a Notice of
Conversion, the Holder shall be deemed to be the holder of record of the Common Stock issuable upon such conversion, the
outstanding principal amount and the amount of accrued and unpaid interest on this Note shall be reduced to reflect such
conversion, and, unless the Borrower defaults on its obligations hereunder, all rights with respect to the portion of this
Note being so converted shall forthwith terminate except the right to receive the Common Stock or other securities, cash or
other assets, as herein provided, on such conversion. If the Holder shall have given a Notice of Conversion as provided
herein, the Borrower’s obligation to issue and deliver the certificates for Common Stock shall be absolute and
unconditional, irrespective of the absence of any action by the Holder to enforce the same, any waiver or consent with
respect to any provision thereof, the recovery of any judgment against any person or any action to enforce the same, any
failure or delay in the enforcement of any other obligation of the Borrower to the holder of record, or any setoff,
counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder of any obligation to the
Borrower, and irrespective of any other circumstance which might otherwise limit such obligation of the Borrower to
the Holder in connection with such conversion.

 

(d) Delivery of Common
Stock by Electronic Transfer. In lieu of delivering physical certificates representing the Common Stock issuable upon conversion,
provided the Borrower is participating in the Depository Trust Company (“DTC”) Fast Automated Securities Transfer (“FAST”)
program, upon request of the Holder and its compliance with the provisions set forth herein, the Borrower shall use its best efforts
to cause its transfer agent to electronically transmit the Common Stock issuable upon conversion to the Holder by crediting the
account of Holder’s Prime Broker with DTC through its Deposit Withdrawal Agent Commission (“DWAC”) system.

 

(e) Failure to Deliver
Common Stock Prior to Deadline. Without in any way limiting the Holder’s right to pursue other remedies, including actual
damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon conversion of this Note is
not delivered by the Deadline due to action and/or inaction of the Borrower, the Borrower shall pay to the Holder $2,000 per day
in cash, for each day beyond the Deadline that the Borrower fails to deliver such Common Stock (the “Fail to Deliver Fee”);
provided; however that the Fail to Deliver Fee shall not be due if the failure is a result of a third party (i.e., transfer agent;
and not the result of any failure to pay such transfer agent) despite the best efforts of the Borrower to effect delivery of such
Common Stock. Such cash amount shall be paid to Holder by the fifth day of the month following the month in which it has accrued
or, at the option of the Holder (by written notice to the Borrower by the first day of the month following the month in which it
has accrued), shall be added to the principal amount of this Note, in which event interest shall accrue thereon in accordance with
the terms of this Note and such additional principal amount shall be convertible into Common Stock in accordance with the terms
of this Note. The Borrower agrees that the right to convert is a valuable right to the Holder. The damages resulting from a failure,
attempt to frustrate, interference with such conversion right are difficult if not impossible to qualify. Accordingly, the parties
acknowledge that the liquidated damages provision contained in this Section 1.4(e) are justified.

 

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1.5 Concerning the
Shares. The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred unless: (i) such shares
are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer agent shall have been
furnished with an opinion of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel in
comparable transactions) to the effect that the shares to be sold or transferred may be sold or transferred pursuant to an exemption
from such registration (such as Rule 144 or a successor rule) (“Rule 144”); or (iii) such shares are transferred to
an “affiliate” (as defined in Rule 144) of the Borrower who agrees to sell or otherwise transfer the shares only in
accordance with this Section 1.5 and who is an Accredited Investor (as defined in the Purchase Agreement).

 

Any restrictive legend on certificates
representing shares of Common Stock issuable upon conversion of this Note shall be removed and the Borrower shall issue to the
Holder a new certificate therefore free of any transfer legend if the Borrower or its transfer agent shall have received an opinion
of counsel from Holder’s counsel, in form, substance and scope customary for opinions of counsel in comparable transactions,
to the effect that (i) a public sale or transfer of such Common Stock may be made without registration under the Act, which opinion
shall be accepted by the Company so that the sale or transfer is effected; or (ii) in the case of the Common Stock issuable upon
conversion of this Note, such security is registered for sale by the Holder under an effective registration statement filed under
the Act; or otherwise may be sold pursuant to an exemption from registration. In the event that the Company does not reasonably
accept the opinion of counsel provided by the Holder with respect to the transfer of Securities pursuant to an exemption from registration
(such as Rule 144), at the Deadline, it will be considered an Event of Default pursuant to Section 3.2 of the Note.

 

1.6 Effect of Certain
Events.

 

(a) Effect of Merger,
Consolidation, Etc. At the option of the Holder, the sale, conveyance or disposition of all or substantially all of the assets
of the Borrower, the effectuation by the Borrower of a transaction or series of related transactions in which more than 50% of
the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of the Borrower with
or into any other Person (as defined below) or Persons when the Borrower is not the survivor shall be deemed to be an Event of
Default (as defined in Article III) pursuant to which the Borrower shall be required to pay to the Holder upon the consummation
of and as a condition to such transaction an amount equal to the Default Amount (as defined in Article III). “Person”
shall mean any individual, corporation, limited liability company, partnership, association, trust or other entity or organization.

 

(b) Adjustment
Due to Merger, Consolidation, Etc. If, at any time when this Note is issued and outstanding and prior to conversion of all
of the Note, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar
event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares
of another class or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of
all or substantially all of the assets of the Borrower other than in connection with a plan of complete liquidation of the Borrower,
then the Holder of this Note shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon
the terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion,
such stock, securities or assets which the Holder would have been entitled to receive in such transaction had this Note been converted
in full immediately prior to such transaction (without regard to any limitations on conversion set forth herein), and in any such
case appropriate provisions shall be made with respect to the rights and interests of the Holder of this Note to the end that
the provisions hereof (including, without limitation, provisions for adjustment of the Conversion Price and of the number of shares
issuable upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable in relation to any securities
or assets thereafter deliverable upon the conversion hereof. The Borrower shall not affect any transaction described in this Section
1.6(b) unless (a) it first gives, to the extent practicable, ten (10) days prior written notice (but in any event at least five
(5) days prior written notice) of the record date of the special meeting of shareholders to approve, or if there is no such record
date, the consummation of, such merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event
or sale of assets (during which time the Holder shall be entitled to convert this Note) and (b) the resulting successor or acquiring
entity (if not the Borrower) assumes by written instrument the obligations of this Note. The above provisions shall similarly
apply to successive consolidations, mergers, sales, transfers or share exchanges.

 

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(c) Adjustment Due
to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to
holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution
to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a
spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after
the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would
have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the
holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

 

1.7 Prepayment.
Notwithstanding anything to the contrary contained in this Note, at any time during the periods set forth on the table immediately
following this paragraph (the “Prepayment Periods”), the Borrower shall have the right, exercisable on not more than
three (3) Trading Days prior written notice to the Holder of the Note to prepay the outstanding Note (principal and accrued interest),
in full, in accordance with this Section 1.7. Any notice of prepayment hereunder (an “Optional Prepayment Notice”)
shall be delivered to the Holder of the Note at its registered addresses and shall state: (1) that the Borrower is exercising its
right to prepay the Note, and (2) the date of prepayment which shall be not more than three (3) Trading Days from the date of the
Optional Prepayment Notice. On the date fixed for prepayment (the “Optional Prepayment Date”), the Borrower shall make
payment of the Optional Prepayment Amount (as defined below) to Holder, or upon the direction of the Holder as specified by the
Holder in a writing to the Borrower (which direction shall to be sent to Borrower by the Holder at least one (1) business day prior
to the Optional Prepayment Date). If the Borrower exercises its right to prepay the Note, the Borrower shall make payment to the
Holder of an amount in cash equal to the percentage (“Prepayment Percentage”) as set forth in the table immediately
following this paragraph opposite the applicable Prepayment Period, multiplied by the sum of: (w) the then outstanding principal
amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the Optional Prepayment
Date plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and (x) plus (z) any amounts owed
to the Holder pursuant to Section 1.4 hereof (the “Optional Prepayment Amount”). If the Borrower delivers an Optional
Prepayment Notice and fails to pay the Optional Prepayment Amount due to the Holder of the Note within two (2) business days following
the Optional Prepayment Date, the Borrower shall forever forfeit its right to prepay the Note pursuant to this Section 1.7.

 

	Prepayment Period	 	Prepayment Percentage	 
	1. The period beginning on the Issue Date and ending on the date which is sixty (60) days following the Issue Date.	 	 	115	%
	2. The period beginning on the date which is sixty-one (61) days following the Issue Date and ending on the date which is ninety (90) days following the Issue Date.	 	 	120	%
	3. The period beginning on the date that is ninety-one (91) day from the Issue Date and ending one hundred twenty (120) days following the Issue Date	 	 	125	%
	4. The period beginning on the date that is one hundred twenty-one (121) day from the Issue Date and ending one hundred fifty (150) days following the Issue Date	 	 	130	%
	5. The period beginning on the date that is one hundred fifty-one (151) day from the Issue Date and ending one hundred eighty (180) days following the Issue Date.	 	 	135	%

 

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After the expiration of one hundred eighty
(180) days following the Issue Date, the Borrower shall have no right of prepayment.

 

ARTICLE II. CERTAIN COVENANTS

 

2.1 Sale of Assets. So long as the
Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent, sell, lease
or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition
of any assets may be conditioned on a specified use of the proceeds of disposition.

 

ARTICLE III. EVENTS OF DEFAULT

 

If any of the following events of default (each, an “Event
of Default”) shall occur:

 

3.1 Failure to Pay
Principal and Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this Note, whether at
maturity or upon acceleration and such breach continues for a period of five (5) days after written notice from the Holder.

 

3.2 Conversion and
the Shares. The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens in writing that it
will not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance with
the terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or in certificated form)
any certificate for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when
required by this Note, the Borrower directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer
agent in transferring (or issuing) (electronically or in certificated form) any certificate for shares of Common Stock to be issued
to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, or fails to remove (or
directs its transfer agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive
legend (or to withdraw any stop transfer instructions in respect thereof) on any certificate for any shares of Common Stock issued
to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note (or makes any written announcement,
statement or threat that it does not intend to honor the obligations described in this paragraph) and any such failure shall continue
uncured (or any written announcement, statement or threat not to honor its obligations shall not be rescinded in writing) for
three (3) business days after the Holder shall have delivered a Notice of Conversion. It is an obligation of the Borrower to remain
current in its obligations to its transfer agent. It shall be an event of default of this Note, if a conversion of this Note is
delayed, hindered or frustrated due to a balance owed by the Borrower to its transfer agent. If at the option of the Holder, the
Holder advances any funds to the Borrower’s transfer agent in order to process a conversion, such advanced funds shall be
paid by the Borrower to the Holder within forty-eight (48) hours of a demand from the Holder.

 

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3.3 Breach of Covenants.
The Borrower breaches any material covenant or other material term or condition contained in this Note and any collateral documents
including but not limited to the Purchase Agreement and such breach continues for a period of twenty (20) days after written notice
thereof to the Borrower from the Holder.

 

3.4 Breach of Representations
and Warranties. Any representation or warranty of the Borrower made herein or in any agreement, statement or certificate given
in writing pursuant hereto or in connection herewith (including, without limitation, the Purchase Agreement), shall be false or
misleading in any material respect when made and the breach of which has (or with the passage of time will have) a material adverse
effect on the rights of the Holder with respect to this Note or the Purchase Agreement.

 

3.5 Receiver or Trustee.
The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply for or consent to
the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee
shall otherwise be appointed.

 

3.6 Bankruptcy.
Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under
any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the
Borrower.

 

3.7 Delisting of Common
Stock. The Borrower shall fail to maintain the listing of the Common Stock on at least one of the OTC (which specifically includes
the quotation platforms maintained by the OTC Markets Group) or an equivalent replacement exchange, the Nasdaq National Market,
the Nasdaq SmallCap Market, the New York Stock Exchange, or the American Stock Exchange.

 

3.8 Failure to Comply
with the Exchange Act. The Borrower shall fail to comply with the reporting requirements of the Exchange Act; and/or the Borrower
shall cease to be subject to the reporting requirements of the Exchange Act.

 

3.9 Liquidation.
Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

 

3.10 Cessation of
Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as
such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern”
shall not be an admission that the Borrower cannot pay its debts as they become due.

 

3.11 Financial Statement
Restatement. The restatement of any financial statements filed by the Borrower with the SEC at any time after 180 days after
the Issuance Date for any date or period until this Note is no longer outstanding, if the result of such restatement would, by
comparison to the un-restated financial statement, have constituted a material adverse effect on the rights of the Holder with
respect to this Note or the Purchase Agreement.

 

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3.12 Replacement
of Transfer Agent. In the event that the Borrower proposes to replace its transfer agent, the Borrower fails to provide,
prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as
initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve
shares of Common Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower.

 

3.13 Cross-Default.
Notwithstanding anything to the contrary contained in this Note or the other related or companion documents, a breach or
default by the Borrower of any covenant or other term or condition contained in any of the Other Agreements, after the
passage of all applicable notice and cure or grace periods, shall, at the option of the Holder, be considered a default under
this Note and the Other Agreements, in which event the Holder shall be entitled (but in no event required) to apply all
rights and remedies of the Holder under the terms of this Note and the Other Agreements by reason of a default under said
Other Agreement or hereunder. “Other Agreements” means, collectively, all agreements and instruments between,
among or by: (1) the Borrower, and, or for the benefit of, (2) the Holder and any affiliate of the Holder, including, without
limitation, promissory notes; provided, however, the term “Other Agreements” shall not include the related or
companion documents to this Note. Each of the loan transactions will be cross-defaulted with each other loan transaction and
with all other existing and future debt of Borrower to the Holder.

 

Upon the occurrence and during the
continuation of any Event of Default specified in Section 3.1 (solely with respect to failure to pay the principal hereof or
interest thereon when due at the Maturity Date), the Note shall become immediately due and payable and the Borrower shall pay
to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Default Sum (as defined herein).
UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTION 3.2, THE NOTE SHALL BECOME
IMMEDIATELY DUE AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION OF ITS OBLIGATIONS HEREUNDER, AN
AMOUNT EQUAL TO: (Y) THE DEFAULT SUM (AS DEFINED HEREIN); MULTIPLIED BY (Z) TWO (2). Upon the occurrence and during the
continuation of any Event of Default specified in Sections 3.1 (solely with respect to failure to pay the principal hereof or
interest thereon when due on this Note or upon acceleration), 3.3, 3.4, 3.7, 3.8, 3.10, 3.11, 3.12, 3.13, and/or 3.14
exercisable through the delivery of written notice to the Borrower by such Holders (the “Default Notice”), and
upon the occurrence of an Event of Default specified the remaining sections of Articles III (other than failure to pay the
principal hereof or interest thereon at the Maturity Date specified in Section 3,1 hereof), the Note shall become immediately
due and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal
to the greater of (i) 150% times the sum of (w) the then outstanding principal amount of this Note plus
(x) accrued and unpaid interest on the unpaid principal amount of this Note to the date of payment (the “Mandatory
Prepayment Date”) plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and/or (x) plus
(z) any amounts owed to the Holder pursuant to Section 1.4(e) hereof (the then outstanding principal amount of this Note to
the date of payment plus the amounts referred to in clauses (x), (y) and (z) shall collectively be known as the
“Default Amount”) and all other amounts payable hereunder shall immediately become due and payable, all without
demand, presentment or notice, all of which hereby are expressly waived, together with all costs, including,
without limitation, legal fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and
remedies available at law or in equity.

 

If the Borrower fails to pay the
Default Amount within five (5) business days of written notice that such amount is due and payable, then the Holder shall
have the right at any time, so long as the Borrower remains in default (and so long and to the extent that there are
sufficient authorized shares), to require the Borrower, upon written notice, to immediately issue, in lieu of the Default
Amount, the number of shares of Common Stock of the Borrower equal to the Default Amount divided by the Conversion Price then
in effect.

 

    9

     

    

 

ARTICLE IV. MISCELLANEOUS

 

4.1 Failure or Indulgence
Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further
exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative to, and
not exclusive of, any rights or remedies otherwise available.

 

4.2 Notices. All
notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and,
unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified
most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed
effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine,
at the address or number designated below (if delivered on a business day during normal business hours where such notice is to
be received), or the first business day following such delivery (if delivered other than on a business day during normal business
hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service,
fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for
such communications shall be:

 

If to the Borrower, to:

 

AGRITEK HOLDINGS, INC.

777 Brickell Avenue, Suite 500

Miami, FL 33131

Attn: Suneil Singh Mundie, Chief Executive Officer

Fax:

Email: info@agritekholdings.com

 

If to the Holder:

 

POWER UP LENDING GROUP LTD.

111 Great Neck Road, Suite 214

Great Neck, NY 11021

Attn: Curt Kramer, Chief Executive Officer

e-mail: info@poweruplending.com

 

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

 

Naidich Wurman LLP

111 Great Neck Road, Suite 216

Great Neck,
NY 11021

Attn: Allison Naidich

facsimile: 516-466-3555

e-mail: allison@nwlaw.com

 

    10

     

    

 

4.3 Amendments.
This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and the Holder. The term
“Note” and all reference thereto, as used throughout this instrument, shall mean this instrument (and the other Notes
issued pursuant to the Purchase Agreement) as originally executed, or if later amended or supplemented, then as so amended or supplemented.

 

4.4 Assignability.
This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to be the benefit of the Holder and
its successors and assigns. Each transferee of this Note must be an “accredited investor” (as defined in Rule 501(a)
of the Securities and Exchange Commission). Notwithstanding anything in this Note to the contrary, this Note may be pledged as
collateral in connection with a bona fide margin account or other lending arrangement; and may be assigned by the Holder
without the consent of the Borrower.

 

4.5 Cost of Collection.
If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection, including reasonable
attorneys’ fees.

 

4.6 Governing Law.
This Note shall be governed by and construed in accordance with the laws of the State of Virginia without regard to principles
of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Note
shall be brought only in the state courts of New York or in the federal courts located in the state and county of Nassau. The parties
to this Note hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not
assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Borrower and Holder waive
trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and
costs. In the event that any provision of this Note or any other agreement delivered in connection herewith is invalid or unenforceable
under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict
therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid
or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party
hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in
connection with this Note, any agreement or any other document delivered in connection with this Note by mailing a copy thereof
via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices
to it under this Note and agrees that such service shall constitute good and sufficient service of process and notice thereof.
Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

4.7 Purchase Agreement.
By its acceptance of this Note, each party agrees to be bound by the applicable terms of the Purchase Agreement.

 

4.8 Remedies.
The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder, by vitiating
the intent and purpose of the transaction contemplated hereby. Accordingly, the Borrower acknowledges that the remedy at law for
a breach of its obligations under this Note will be inadequate and agrees, in the event of a breach or threatened breach by the
Borrower of the provisions of this Note, that the Holder shall be entitled, in addition to all other available remedies at law
or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing
any breach of this Note and to enforce specifically the terms and provisions thereof, without the necessity of showing economic
loss and without any bond or other security being required.

 

    11

     

    

 

IN WITNESS WHEREOF, Borrower has caused this Note to be signed
in its name by its duly authorized officer this on April 26, 2019

 

	AGRITEK HOLDINGS, INC.	 
	 	 
	By:	/s/ Suneil Singh Mundie	 
	 	Suneil Singh Mundie	 
	 	Chief Executive Officer	 

 

    12

     

    

 

EXHIBIT A -- NOTICE OF CONVERSION

 

The undersigned hereby
elects to convert $                                            
principal amount of the Note (defined below) into that number of shares of Common Stock to be issued pursuant to the conversion
of the Note (“Common Stock”) as set forth below, of AGRITEK HOLDINGS, INC., a Delaware corporation (the “Borrower”)
according to the conditions of the convertible note of the Borrower dated as of April 26, 2019 (the “Note”), as of
the date written below. No fee will be charged to the Holder for any conversion, except for transfer taxes, if any.

 

Box Checked as to applicable instructions:

 

		☐	The Borrower shall electronically transmit the Common
Stock issuable pursuant to this Notice of Conversion to the account of the undersigned or its nominee with DTC through its Deposit
Withdrawal Agent Commission system (“DWAC Transfer”).

 

Name of DTC Prime Broker:

Account Number:

 

		☐	The undersigned hereby requests that the Borrower issue
a certificate or certificates for the number of shares of Common Stock set forth below (which numbers are based on the Holder’s
calculation attached hereto) in the name(s) specified immediately below or, if additional space is necessary, on an attachment
hereto:

 

	 	POWER UP LENDING GROUP LTD.	 
	 	111 Great Neck Road, Suite 214 

Great Neck, NY 11021	 
	 	Attention: Certificate Delivery	 
	 	e-mail: info@poweruplendinggroup.com	 
	 	 	 
	 	Date of conversion:	____________
	 	Applicable Conversion Price:	$___________
	 	Number of shares of common stock to be issued 

pursuant to conversion of the Notes:	_____________
	 	Amount of Principal Balance due remaining 

under the Note after this conversion:	_____________

 

	 	POWER UP LENDING GROUP LTD.	 
	 	 	 
	 	By:	 	 
	 	Name:  	Curt Kramer	 
	 	Title: 	Chief Executive Officer	 
	 	 	Date: ___________	 

 

    13

     

    

  

The Investor is intended to be and is a third party
beneficiary hereof, and no amendment or modification to the instructions set forth herein may be made without the consent of
the Investor.

 

Very truly yours,

 

	AGRITEK HOLDINGS, INC.	 
	 	 
	/s/ Suneil Singh Mundie	 
	Suneil Singh Mundie	 
	Chief Executive Officer	 
	 	 
	Acknowledged and Agreed:	 
	 	 
	Vstock Transfer LLC	 
	 	 
	By:	 
	Name:	 
	Title:	 

 

    14

     

    

  

IN WITNESS WHEREOF, the undersigned Buyer and the Company have
caused this Agreement to be duly executed as of the date first above written.

 

	AGRITEK HOLDINGS, INC.	 
	 	 
	By:	/s/ Suneil Singh Mundie	 
	 	Suneil Singh Mundie	 
	 	Chief Executive Officer	 

 

	POWER UP LENDING GROUP LTD.	 
	 	 
	By:		 
	Name: 	Curt Kramer	 
	Title:	Chief Executive Officer	 
	111 Great Neck Road, Suite 216	 
	Great Neck, NY 11021	 

 

	AGGREGATE SUBSCRIPTION AMOUNT:	 	 	 
	 	 	 	 
	Aggregate Principal Amount of Note:	 	$	128,500.00	 
	 	 	 	 	 
	Aggregate Purchase Price :	 	$	128,500.00	 

 

    15

     

    

 

OFFICER’S CERTIFICATE

 

The undersigned,
Suneil Singh Mundie, Chief Executive Officer of AGRITEK HOLDINGS, INC., a Delaware Corporation (the “Company”), in
connection with the authorization and issuance of a Convertible Promissory Note in the aggregate principal amount of $128,500.00
in accordance with the Securities Purchase Agreement dated April 26, 2019 by and among the
Company and each of the purchasers set forth on the signature pages thereto (the “Purchase Agreement”), hereby certifies
that:

 

1. I am the duly appointed
Chief Executive Officer of the Company.

 

2. The representations
and warranties made by the Company in Section 3 of the Purchase Agreement are true and correct in all material respects as of the
date of this Officer’s Certificate. The capitalization of the Company described in Section 3(c) of the Purchase Agreement
has not changed as of the date hereof.

 

3. As of the date hereof,
the Company has satisfied and duly performed all of the conditions and obligations specified in Section 7 of the Purchase Agreement
to be satisfied on or prior to the Closing Date (as defined in the Purchase Agreement) or such conditions and obligations have
been waived expressly in writing signed by the purchaser.

 

4. The Company has complied
with or, if compliance prior to Closing (as defined in the Purchase Agreement) is not required, promptly following the Closing
the Company will comply with, the filing requirements in respect of this transaction under (a) Regulation D under the Securities
Act of 1933, as amended (the “1933 Act”) (and applicable Blue Sky regulations) and (b) the Securities Exchange Act
of 1934, as amended.

 

5. There has been no
adverse change in the business, affairs, prospects, operations, properties, assets or condition of the Company since September
30, 2018, the date of the Company’s most recent reviewed financial statements delivered to the Buyers (as defined in the
Purchase Agreement), other than losses and matters which would not, individually or in the aggregate, have a Material Adverse Effect
(as defined in the Purchase Agreement).

 

6. The Company is qualified
as a foreign corporation in all jurisdictions in which the Company owns or leases properties, or conducts any business except where
failure of the Company to be so qualified would not have a Material Adverse Effect (as defined in the Purchase Agreement).

  

IN WITNESS WHEREOF, the undersigned has executed this Officer’s
Certificate as of April 26, 2019.

 

	 	/s/ Suneil Singh Mundie
	 	Suneil Singh Mundie
	 	Chief Executive Officer

 

    16

     

    

 

Schedule A

 

Account Name:

Account Address:

 

ABA Routing Number:

 

Account Number:

 

Bank Name:

Bank Address:

 

I hereby direct that the proceeds of the funding referenced
in the above Disbursement Authorization be sent via wire transfer to the above account.

 

	 	/s/ Suneil Singh Mundie
	 	Suneil Singh Mundie
	 	Chief Executive Officer

 

    17

     

    

  

IN WITNESS WHEREOF, We have hereunto set our hands as Chief
Executive Officer and Members of the Board of Directors of the Corporation.

 

Dated: April 26, 2019

 

	 	/s/ Suneil Singh Mundie
	 	Suneil Singh Mundie,
	 	Chief Executive Officer/ Member of the
    Board

  

	 	Signature: 	/s/ Suneil Singh Mundie
	 	Member of the Board
	 	Print Name: 	Suneil Singh Mundie

 

 

18Exhibit 4.4

 

CONVERTIBLE LOAN AGREEMENT

 

This Agreement
is dated as of May 10, 2019 by and between Agritek Holdings, Inc. a public Company under the symbol (“AGTK”),
and Delaware corporation located at 777 Brickell Avenue, Suite 500, Miami, FL. 33131 ( Borrower ) and B. Michael Friedman of
First Level Capital, LLC, a Florida limited liability company ( Lender )

 

Whereas Agritek Holdings Inc. is a public
company involved in providing management consulting services to the medicinal cannabis and health and wellness space;

 

Whereas Agritek Holdings requires funding
for general working capital and to increase its investments in real estate holdings;

 

Whereas Agritek Holdings Inc. wishes to
borrow from B. Michael Friedman and First Level Capital LLC, and B. Michael Friedman wishes to lend to Agritek Holdings, a total
amount of US$ 175,000 (One Hundred Seventy-Five Thousand US Dollars) in the form of a convertible loan.

 

Parties agree as follows:

 

1. TOTAL AMOUNT OF LOAN

 

1.1. The total amount of the loan is US$
175,000 (One-Hundred Seventy-Five Thousand US Dollars)

 

1.2. B. Michael Friedman is under no further
obligation to advance any additional funds to Agritek Holdings Inc.

 

2. TERM OF THE LOAN

 

2.1 The Term of the Loan shall be six (6)
months from the date of receipt of the funds.

 

3. DELIVERY OF FUNDS BY B. MICHAEL FRIEDMAN

 

3.1. B. Michael Friedman will provide for
a transfer to the bank account of Agritek Holdings, Inc. the amount of US$ 175,000 on or before June 5, 2019. Agritek Holdings
will acknowledge receipt of that amount and acknowledge owing US$ 175,000 to B. Michael Friedman, First Level Capital LLC reference
to the present Agreement and by way of a Promissory Note (see Appendix A).

 

4. INTEREST

 

4.1. The loan shall bear a rate of interest
of 8% (Eight Percent) Per Annum

 

     

     

    

 

4.2. The interest on the loan shall be
paid on a quarterly basis by check made payable to B. Michael Friedman at the address stated as PO Box 717 Rancho Santa Fe, Ca.
92067.

 

5. CONVERSION

 

5.1. Conversion at the Option of B. Michael
Friedman

 

At the sole option of B. Michael Friedman,
all or part of the unpaid principal then outstanding may be converted into shares of common stock of Agritek Holdings Inc., at
any time starting from the day after payment according to Section 3.1 until Due Date, provided that B. Michael Friedman gives a
thirty day notice in writing.

 

5.2. CONVERSION PRICE

 

B. Michael Friedman may convert the principal
balance outstanding into shares of common stock at a price of thirty per cent (30%) discount within a seven day trading period
representing the lowest bid price. B. Michael Friedman may convert the entire principal outstanding at any time. B. Michael Friedman
may convert part of the principal outstanding in increments of $50,000 or more at any time.

 

6. REPAYMENT

 

6.1. Should B. Michael Friedman elect to
not convert the principal into common shares of Agritek Holdings then Agritek Holdings will repay the principal amount outstanding
and any outstanding interest on the one year anniversary of receiving the loan.

 

6.2. B. Michael Friedman may elect to demand
repayment with three months of written notice. Notwithstanding the foregoing, Agritek Holdings shall not be obligated to repay
any part of the principal amount outstanding before the six months of receiving the loan.

 

6.3 Agritek Holdings
may repay any part of the outstanding principal at any time with no prepayment penalty. However, Agritek Holdings shall provide
B. Michael Friedman with 14 days written notice prior to repayment, during which time B. Michael Friedman may elect to convert
into common shares the outstanding principal due.

 

    2

     

    

 

7. REPRESENTATIONS AND WARRANTIES OF AGRITEK
HOLDINGS INC.

 

The Company hereby represents and warrants to Purchaser that:

 

7.1. Organization; Qualification.

 

The Company is a Delaware company duly
organized, validly existing and in good standing under the laws of Delaware and has the actual authority to enter into and execute
this Agreement.

 

7.2. Company Assets and Liabilities.

 

The company’s quarterly financial
statements as filed with the Securities and Exchange Commission are materially complete and accurate. The Company holds clear,
good and marketable title to all of its assets.

 

7.3. No Conflicts.

 

Neither the execution and delivery
of this Agreement nor the consummation by the Company of the transactions contemplated hereby will result in a violation of, or
a default under, or conflict with, or require any consent, approval or notice under, any governing or constitutional document,
contract, trust, commitment, agreement, obligation, understanding, arrangement or restriction of any kind to which the Company
is a party or by which the Company is bound.

 

7.4. Compliance with Laws.

 

To the best of the Company’s
knowledge, the Company is in material compliance in all respects with all applicable laws, rules, regulations, orders, licenses
or judgments. Furthermore, the Company’s entry into and performance of this Agreement and the transactions contemplated hereby
do not and will not conflict (i) with any law or regulation or any official or judicial order or treaty in the United States, or
(ii) with any agreement, contract or other arrangement or document to which the Company is a party to or which is binding upon
the Company or any of its assets, nor will the Company’s entering into this Agreement result in the creation or imposition
of any Encumbrance on any of the Company’s assets pursuant to the provisions of any such agreement, contract or other arrangement
or document.

 

    3

     

    

 

8. REPRESENTATIONS AND WARRANTIES OF LENDER

 

B. Michael Friedman hereby represents and
warrants to the Company as follows:

 

8.1 No Conflicts.

 

Neither the execution and delivery of this
Agreement nor the consummation by B. Michel Friedman of the transactions contemplated hereby will result in a violation of, or
a default under, or conflict with, or require any consent, approval or notice under, any governing or constitutional document,
contract, trust, commitment, agreement, obligation, understanding, arrangement or restriction of any kind to which Lender is a
party or by which B. Michael Friedman is bound.

 

8.2 Investment Purposes.

 

B. Michael Friedman has such knowledge,
experience, and sophistication in investment, financial, and business matters that it is capable of evaluating the merits and risks
of its investment. B. Michael Friedman is able to bear the economic risk of its investment in the Company under this Agreement,
can afford a complete loss of such investment and understands that no market for the convertible note now exists and that such
market may not hereafter develop.

 

9. Liability of members and managers
of B. Michael Friedman and associated companies

 

None of the managers of members of
Friedman or associated Companies shall have any personal liability with respect to this transaction or the operation of the business
of Agritek Holdings.

 

10. Attorney’s Fees

 

Notwithstanding anything to the contrary
herein, if the principal is not paid in full when due, Agritek Holdings hereby agrees to pay to B. Michael Friedman, and affiliate
Companies, in addition to such amount owed to pursuant to the loan, all costs and expenses of collection, including a reasonable
sum for attorney’s fees.

 

11. Governing Law

 

This Agreement shall be governed by
and construed in accordance with the laws of the state of California, United States:

 

    4

     

    

 

12.
Arbitration:

 

In the event a dispute shall arise
between the parties to this contract, it is hereby agreed that the dispute shall be referred to for arbitration in accordance with
the American Arbitration Association Rules of Mediation and Arbitration

 

13. Further Assurance:

 

The Company and B. Michael Friedman
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.

 

14. Accredited Investor Status: 

 

B. Michael Friedman represents that
B. Michael Friedman:

 

☒ IS an “accredited
investor” as such term is defined in Rule 501 of Regulation D (“Regulation D”) promulgated under the Securities
Act of 1933, as amended (the “Securities Act”), and that the Subscriber is able to bear the economic risk of an investment
in the Notes, or

 

☐ is NOT an “accredited investor”
as such term is defined in Rule 501 of Regulation D (“Regulation D”) promulgated under the Securities Act of 1933,
as amended (the “Securities Act”), and that the Subscriber is able to bear the economic risk of an investment in the
Notes.

 

An “accredited investor” is:

 

		●	a bank, insurance company, registered investment company,
business development company, or small business investment company;

 

		●	an employee benefit plan, within the meaning of the Employee
Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions,
or if the plan has total assets in excess of $5 million;

 

		●	a charitable organization, corporation or partnership with
assets exceeding $5 million;

 

    5

     

    

 

		●	a director, executive officer, or general partner of the
company selling the securities;

 

		●	a business in which all the equity owners are accredited
investors;

 

		●	Any natural person whose individual net worth, or joint
net worth with that person’s spouse, exceeds $1,000,000. For purposes of calculating net worth: (i) the person’s primary
residence shall not be included as an asset; (ii) indebtedness that is secured by the person’s primary residence, up to
the estimated fair market value of the primary residence at the time of the sale of securities, shall not be included as a liability
(except that if the amount of such indebtedness outstanding at the time of the sale of securities exceeds the amount outstanding
60 days before such time, other than as a result of the acquisition of the primary residence, the amount of such excess shall
be included as a liability); and (iii) indebtedness that is secured by the person’s primary residence in excess of the estimated
fair market value of the primary residence at the time of the sale of securities shall be included as a liability.

 

		●	a natural person with income exceeding $200,000 in each
of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of
the same income level in the current year; or

 

		●	a trust with assets of at least $5 million, not formed
to acquire the securities offered, and whose purchases are directed by a sophisticated person.

 

	

                                                             /s/
                                         B. Michael Friedman

                                                             /s/
                                         Suneil Singh Mundie
	 	/s/ 	
	Agritek Holdings Inc.	 	 
	 	 	 
	Managing Member	 	 
	Managing Member	 	 

 

    6

     

    

 

Appendix A to Convertible Loan Agreement

 

Promissory Note

(Installment Payments)

 

Borrower: Agritek Holdings , Inc. (“AGTK”),
a Delaware Company

777 Brickell Avenue suite 500, Miami, Fl. 33131

 

(“Borrower”)

 

Lender: B. Michael Friedman, First Level
Capital LLC and Associated Companies

 

(“Lender”)

 

I. Promise to Pay

 

Borrower agrees to pay Lender the total
amount of $175,000 (US One-hundred seventy-five thousand), together with interest payable on the unpaid principal at the rate of
8% per annum.

 

Payment will be delivered to Lender to
above address or other address mutually agreed upon both parties.

 

II. Repayment / Interest

 

The amounts owed under this Promissory
Note will be repaid in equal installments of $50,000 made every Quarter. The first payment will be due on December 30, 2019. All
payments shall be first applied to interest and the balance to principal.

 

Page 1

Unsecured Promissory Note

(Installment
Payments)

 

     

     

    

 

III. CONVERSION

 

At the sole option of Lender, all or part
of the unpaid principal then outstanding may be converted into shares of common stock of Borrower, at any time provided that Lender
gives a thirty day notice in writing. Lender may convert part of the principal outstanding in increments of $50,000 or more at
any time.

 

Lender may convert the principal balance
outstanding into shares of common stock at a price of $0.10 per share or 20% discount which is ever the lowest of Borrower.

 

IV. Late Payment Fees

 

If Borrower defaults in payment by more
than 15 days of the time set forth herein, then Borrower shall pay an additional late fee in the amount of 1% per month.

 

V. Additional Costs

 

In case of default in the payment of any
principal or interest of this Promissory Note, Borrower will pay to Lender such further amount as will be sufficient to cover the
cost and expenses of collection, including, without limitation, reasonable attorney’s fees, expenses, and disbursements.
These costs will be added to the outstanding principal and will become immediately due.

 

VI. Transfer of the Promissory Note

 

Borrower hereby waives any notice of the
transfer of this Note by Lender or by any subsequent holder of this Note, agrees to remain bound by the terms of this Note subsequent
to any transfer, and agrees that the terms of this Note may be fully enforced by any subsequent holder of this Note.

 

VII. Amendment; Modification; Waiver

 

No amendment, modification or waiver of
any provision of this Promissory Note or consent to departure therefrom shall be effective unless by written agreement signed by
both Borrower and Lender.

 

Page 2

 

Unsecured Promissory Note

(Installment Payments)

 

     

     

    

 

VIII. Successors

 

The terms and conditions of this Promissory
Note shall inure to the benefit of and be binding jointly and severally upon the successors, assigns, heirs, survivors and personal
representatives of Borrower and shall inure to the benefit of any holder, its legal representatives, successors and assigns.

 

IX. Breach of Promissory Note

 

No breach of any provision of this Promissory
Note shall be deemed waived unless it is waived in writing. No course of dealing and no delay on the part of Lender in exercising
any right will operate as a waiver thereof or otherwise prejudice Lender’s rights, powers, or remedies. No right, power,
or remedy conferred by this Promissory Note upon Lender will be exclusive of any other rights, power, or remedy referred to in
this Note, or now or hereafter available at law, in equity, by statute, or otherwise.

 

X. Governing Law

 

The validity, construction and performance
of this Promissory Note will be governed by the laws of State of California, excluding that body of law pertaining to conflicts
of law. Borrower hereby waives presentment, notice of non-payment, notice of dishonor, protest, demand and diligence.

 

The parties hereby indicate by their signatures
below that they have read and agree with the terms and conditions of this agreement in its entirety.

 

	Borrower Signature:	 
	 	 
	/s/ Suneil Singh Mundie	 
		 
	Agritek Holdings Inc.

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