Document:

Exhibit 10.26

 

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 (I) 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 OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE
144A 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.

 

CONVERTIBLE
PROMISSORY NOTE

 

	Principal Amount:    U.S. $6,000.00	 	Dated: March 30, 2016
 
	 	 	 
	Purchase Price:         U.S. $6,000.00	 	

 

FOR
VALUE RECEIVED, Minerco, Inc., a Nevada corporation (the “Maker”), hereby promises to pay to Ray Ciarello,
an individual, or his successors and assigns (the “Payee”), at his address of record, or to such other address
as Payee shall provide in writing to the Maker for such purpose, a principal sum of Six Thousand Dollars and Zero Cents (U.S.
$6,000.00). The aggregate principal amount outstanding under this Note will be conclusively evidenced by the schedule annexed
as Exhibit B hereto (the “Loan Schedule”), up to a maximum principal amount of U.S $6,000.00. The entire principal
amount hereunder shall be due and payable on September 30, 2016 (the “Maturity Date”), or on such earlier date
as such principal amount may earlier become due and payable pursuant to the terms hereof.

 

1.            Purchase
Price. The Payee agrees to pay the Purchase Price of Six Thousand Dollars and Zero Cents (U.S. $6,000.00) to the Maker as
set out in Exhibit A.

 

2.            Interest Rate. Interest shall accrue on the unpaid principal amount of this Convertible Promissory Note (the “Note”)
at the rate of eight percent (5%) per annum from the date of the first making of the loan for such principal amount until such
unpaid principal amount is paid in full or earlier converted into shares (the “Shares”) of the Maker’s
common stock (the “Common Stock”) in accordance with the terms hereof. Interest hereunder shall be paid on
such date as the principal amount under this Note becomes due and payable or is converted in accordance with the terms hereof
and shall be computed on the basis of a 360-day year for the actual number of days elapsed.

 

3.            Conversion of Principal and Interest. Subject to the terms and conditions hereof, the Payee, at its sole option, may deliver
to the Maker a notice in the form attached hereto as Exhibit C (a “Conversion Notice”) and an updated Loan
Schedule, at any time and from time to time after the date hereof and prior to the payment of the principal amount and all accrued
interest thereon (the date of the delivery of a Conversion Notice shall be referred to herein as a “Conversion Date”),
to convert all or any portion of the outstanding principal amount of this Note plus accrued and unpaid interest thereon, for a
number of Shares equal to the quotient obtained by dividing the dollar amount of such outstanding principal amount of this Note
plus the accrued and unpaid interest thereon being converted by the Conversion Price (as defined in Section 15). Conversions hereunder
shall have the effect of lowering the outstanding principal amount of this Note plus all accrued and unpaid interest thereunder
in an amount equal to the applicable conversion, which shall be evidenced by entries set forth in the Conversion Notice and the
Loan Schedule.

 

    	 		 

     

    

 

4.            Certain Conversion Limitations. The Payee may not convert an outstanding principal amount of this Note or accrued and unpaid
interest thereon to the extent such conversion would result in the Payee, together with any affiliate thereof, beneficially owning
(as determined in accordance with Section 13(d) of the Exchange Act (as defined in Section 15) and the rules promulgated thereunder)
in excess of 4.999% of the then issued and outstanding shares of Common Stock. Since the Payee will not be obligated to report
to the Maker the number of shares of Common Stock it may hold at the time of a conversion hereunder, unless the conversion at
issue would result in the beneficial ownership in excess of 4.999% of the then outstanding shares of Common Stock (inclusive of
any other shares which may be beneficially owned by the Payee or an affiliate thereof), the Payee shall have the authority and
obligation to determine whether and the extent to which the restriction contained in this Section will limit any particular conversion
hereunder. The Payee may waive the provisions of this Section upon not less than 75 days prior notice to the Maker.

 

5.            Deliveries. Not later than five (5) Trading Days (as defined in Section 15) after any Conversion Date, the Maker will deliver
to the Payee (i) a certificate or certificates representing the number of Shares being acquired upon the conversion of the principal
amount of this Note and any interest accrued thereunder being converted pursuant to the Conversion Notice (subject to the limitations
set forth in Section 3 hereof), and (ii) an endorsement by the Maker of the Loan Schedule acknowledging the remaining outstanding
principal amount of this Note plus all accrued and unpaid interest thereon not converted (an “Endorsement”).
The Maker’s delivery to the Payee of stocks certificates in accordance clause (i) above shall be Maker’s conclusive
endorsement of the remaining outstanding principal amount of this Note plus all accrued and unpaid interest thereon not converted
as set forth in the Loan Schedule.

 

6.            Prepayment Right. Notwithstanding anything to the contrary contained in this Note, at any time during the period beginning
on the Issue Date and ending on the date which is six (6) months following the Issue Date, the Borrower shall have the right,
exercisable on not less 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 5. 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 or upon the order of the Holder as specified
by the Holder in writing to the Borrower 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 (the “Optional
Prepayment Amount”) equal to one hundred fifty percent (150%), 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). 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 5.

 

    	 	2	 

     

    

 

7.            No Adjustments. If the Maker, at any time while any portion of the principal amount due under this Note is outstanding,
(a) shall pay a stock dividend or otherwise make a distribution or distributions on shares of its Common Stock or any other equity
or equity equivalent securities payable in shares of Common Stock, (b) subdivide outstanding shares of Common Stock into a larger
number of shares, (c) combine (including by way of reverse stock split) outstanding shares of Common Stock into a smaller number
of shares, or (d) issue by reclassification of shares of the Common Stock any shares of capital stock of the Maker, then the Conversion
Price (as defined in Section 15) shall not be adjusted.

 

8.            No Waiver of Payee’s Rights, etc. All payments of principal and interest shall be made without setoff, deduction
or counterclaim. No delay or failure on the part of the Payee in exercising any of its options, powers or rights, nor any partial
or single exercise of its options, powers or rights shall constitute a waiver thereof or of any other option, power or right,
and no waiver on the part of the Payee of any of its options, powers or rights shall constitute a waiver of any other option,
power or right. The Maker hereby waives presentment of payment, protest, and notices or demands in connection with the delivery,
acceptance, performance, default or endorsement of this Note. Acceptance by the Payee of less than the full amount due and payable
hereunder shall in no way limit the right of the Payee to require full payment of all sums due and payable hereunder in accordance
with the terms hereof.

 

9.            Modifications. No term or provision contained herein may be modified, amended or waived except by written agreement or
consent signed by the party to be bound thereby.

 

10.          Cumulative Rights and Remedies; Usury. The rights and remedies of the Payee expressed herein are cumulative and not exclusive
of any rights and remedies otherwise available. If it shall be found that any interest outstanding hereunder shall violate applicable
laws governing usury, the applicable rate of interest outstanding hereunder shall be reduced to the maximum permitted rate of
interest under such law.

 

11.          Collection Expenses. If this obligation is placed in the hands of an attorney for collection after default, and provided
the Payee prevails on the merits in respect to its claim of default, the Maker shall pay (and shall indemnify and hold harmless
the Payee from and against), all reasonable attorneys’ fees and expenses incurred by the Payee in pursuing collection of
this Note.

 

12.          Successors and Assigns. This Note shall be binding upon the Maker and its successors and shall inure to the benefit of
the Payee and its successors and assigns. The term “Payee” as used herein, shall also include any endorsee, assignee
or other holder of this Note.

 

13.          Lost or Stolen Promissory Note. If this Note is lost, stolen, mutilated or otherwise destroyed, the Maker shall execute
and deliver to the Payee a new promissory note containing the same terms, and in the same form, as this Note. In such event, the
Maker may require the Payee to deliver to the Maker an affidavit of lost instrument and customary indemnity in respect thereof
as a condition to the delivery of any such new promissory note.

 

    	 	3	 

     

    

 

14.          Due Authorization. This Note has been duly authorized, executed and delivered by the Maker and is the legal obligation
of the Maker, enforceable against the Maker in accordance with its terms.

 

15.          Governing Law. This Note shall be governed by and construed and enforced in accordance with the internal laws of the State
of Nevada without regard to the principles of conflicts of law thereof.

 

16.          Definitions. For the purposes hereof, the following terms shall have the following meanings:

 

“Business
Day” means any day except Saturday, Sunday and any day that is a legal holiday or a day on which banking institutions
in the State of New York or State of Nevada are authorized or required by law or other government action to close.

 

“Conversion
Price” shall be $0.015 per share or 50% of the lowest Per Share Market Value of the twenty five (25) Trading Days
immediately preceding a Conversion Date, whichever is lower.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“Trading
Day” means (a) a day on which the shares of Common Stock are traded on such Subsequent Market on which the shares of
Common Stock are then listed or quoted, or (b) if the shares of Common Stock are not listed on a Subsequent Market, a day on which
the shares of Common Stock are traded in the over-the-counter market, as reported by the OTC Bulletin Board, or (c) if the shares
of Common Stock are not quoted on the OTC Bulletin Board, a day on which the shares of Common Stock are quoted in the over-the-counter
market as reported by the National Quotation Bureau Incorporated (or any similar organization or agency succeeding its functions
of reporting prices); provided, however, that in the event that the shares of Common Stock are not listed or quoted as set forth
in (a), (b) and (c) hereof, then Trading Day shall mean any day except Saturday, Sunday and any day which shall be a legal holiday
or a day on which banking institutions in the State of New Hampshire are authorized or required by law or other government action
to close.

  

[Intentionally
Left Blank – Signature Page Follows]

 

    	 	4	 

     

    

 

IN
WITNESS WHEREOF, the Maker has caused this Convertible Promissory Note to be duly executed and delivered as of the date first
set forth above.

 

	 	MINERCO,
    INC.
	 	 
	 	By:	/s/
    V. Scott Vanis
	 	Name:	V.
    Scott Vanis
	 	Title:	Chief
    Executive Officer

  

    	 	5	 

     

    

 

EXHIBIT
A

 

Minerco
Wire Instructions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	Ex-1	 

     

    

 

EXHIBIT
B

 

LOAN
SCHEDULE

 

Convertible
Promissory Note Issued by Minerco, Inc.

 

Dated:
___________________

 

SCHEDULE

OF

CONVERSIONS
AND PAYMENTS OF PRINCIPAL

 

	Date
    of Conversion	Amount
    of Conversion	Total
        Amount Due Subsequent

        To
        Conversion

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    	 	Ex-2	 

     

    

 

EXHIBIT
C

 

NOTICE
OF CONVERSION

Dated:
_________________

 

The
undersigned hereby elects to convert the principal amount and interest indicated below of the attached Convertible Promissory
Note into shares of common stock (the “Common Stock”), of Minerco, Inc., according to the conditions hereof,
as of the date written below. No fee will be charged to the holder for any conversion.

 

Exchange
calculations: ______________________________________________

 

Date
to Effect Conversion: ___________________________________________

 

Principal
Amount and Interest of

Secured
Convertible Note to be Converted: ______________________________

 

Number
of shares of Common Stock to be Issued: _________________________

 

Applicable
Conversion Price:

 

Signature:
__________________________________________

 

Name:_____________________________________________

 

Address:____________________________________________

 

 

Ex-3Exhibit 10.27

 

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 (I) 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 OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A 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.

 

CONVERTIBLE PROMISSORY NOTE

 

	Principal Amount: 	U.S. $12,500.00	Dated: April 8, 2016
	 	 	 
	Purchase Price: 	U.S. $7,500.00	 

 

FOR VALUE RECEIVED,
Minerco, Inc., a Nevada corporation (the “Maker”), hereby promises to pay to Beau Saad, an individual, or his
successors and assigns (the “Payee”), at his address of record, or to such other address as Payee shall provide
in writing to the Maker for such purpose, a principal sum of Twelve Thousand Five Hundred Dollars and Zero Cents (U.S. $12,500.00).
The aggregate principal amount outstanding under this Note will be conclusively evidenced by the schedule annexed as Exhibit B
hereto (the “Loan Schedule”), up to a maximum principal amount of U.S $12,500.00. The entire principal amount
hereunder shall be due and payable on October 8, 2016 (the “Maturity Date”), or on such earlier date as such
principal amount may earlier become due and payable pursuant to the terms hereof.

 

1.       Purchase
Price. The Payee agrees to pay the Purchase Price as set forth in Exhibit A hereto.

 

2.       Interest
Rate. Interest shall accrue on the unpaid principal amount of this Convertible Promissory Note (the “Note”)
at the rate of eight percent (8%) per annum from the date of the first making of the loan for such principal amount until such
unpaid principal amount is paid in full or earlier converted into shares (the “Shares”) of the Maker’s
common stock (the “Common Stock”) in accordance with the terms hereof. Interest hereunder shall be paid on such
date as the principal amount under this Note becomes due and payable or is converted in accordance with the terms hereof and shall
be computed on the basis of a 360-day year for the actual number of days elapsed.

 

3.       Conversion
of Principal and Interest. Subject to the terms and conditions hereof, the Payee, at its sole option, may deliver to the Maker
a notice in the form attached hereto as Exhibit C (a “Conversion Notice”) and an updated Loan Schedule, at any
time and from time to time after the date hereof and prior to the payment of the principal amount and all accrued interest thereon
(the date of the delivery of a Conversion Notice shall be referred to herein as a “Conversion Date”), to convert
all or any portion of the outstanding principal amount of this Note plus accrued and unpaid interest thereon, for a number of Shares
equal to the quotient obtained by dividing the dollar amount of such outstanding principal amount of this Note plus the accrued
and unpaid interest thereon being converted by the Conversion Price (as defined in Section 15). Conversions hereunder shall have
the effect of lowering the outstanding principal amount of this Note plus all accrued and unpaid interest thereunder in an amount
equal to the applicable conversion, which shall be evidenced by entries set forth in the Conversion Notice and the Loan Schedule.

 

    	 		 

     

    

 

4.       Certain
Conversion Limitations. The Payee may not convert an outstanding principal amount of this Note or accrued and unpaid interest
thereon to the extent such conversion would result in the Payee, together with any affiliate thereof, beneficially owning (as determined
in accordance with Section 13(d) of the Exchange Act (as defined in Section 15) and the rules promulgated thereunder) in excess
of 4.999% of the then issued and outstanding shares of Common Stock. Since the Payee will not be obligated to report to the Maker
the number of shares of Common Stock it may hold at the time of a conversion hereunder, unless the conversion at issue would result
in the beneficial ownership in excess of 4.999% of the then outstanding shares of Common Stock (inclusive of any other shares which
may be beneficially owned by the Payee or an affiliate thereof), the Payee shall have the authority and obligation to determine
whether and the extent to which the restriction contained in this Section will limit any particular conversion hereunder. The Payee
may waive the provisions of this Section upon not less than 75 days prior notice to the Maker.

 

5.       Deliveries.
Not later than five (5) Trading Days (as defined in Section 15) after any Conversion Date, the Maker will deliver to the Payee
(i) a certificate or certificates representing the number of Shares being acquired upon the conversion of the principal amount
of this Note and any interest accrued thereunder being converted pursuant to the Conversion Notice (subject to the limitations
set forth in Section 3 hereof), and (ii) an endorsement by the Maker of the Loan Schedule acknowledging the remaining outstanding
principal amount of this Note plus all accrued and unpaid interest thereon not converted (an “Endorsement”).
The Maker’s delivery to the Payee of stocks certificates in accordance clause (i) above shall be Maker’s conclusive
endorsement of the remaining outstanding principal amount of this Note plus all accrued and unpaid interest thereon not converted
as set forth in the Loan Schedule.

 

6.       Prepayment
Right. Notwithstanding anything to the contrary contained in this Note, at any time during the period beginning on the Issue
Date and ending on the date which is six (6) months following the Issue Date, the Borrower shall have the right, exercisable on
not less 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 5. 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 or upon the order of the Holder as specified
by the Holder in writing to the Borrower 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 (the “Optional Prepayment
Amount”) equal to one hundred fifty percent (150%), 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). 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 5.

 

    	 	2	 

     

    

 

7.       No
Adjustments. If the Maker, at any time while any portion of the principal amount due under this Note is outstanding, (a) shall
pay a stock dividend or otherwise make a distribution or distributions on shares of its Common Stock or any other equity or equity
equivalent securities payable in shares of Common Stock, (b) subdivide outstanding shares of Common Stock into a larger number
of shares, (c) combine (including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares,
or (d) issue by reclassification of shares of the Common Stock any shares of capital stock of the Maker, then the Conversion Price
(as defined in Section 15) shall not be adjusted.

 

8.       No
Waiver of Payee’s Rights, etc. All payments of principal and interest shall be made without setoff, deduction or counterclaim.
No delay or failure on the part of the Payee in exercising any of its options, powers or rights, nor any partial or single exercise
of its options, powers or rights shall constitute a waiver thereof or of any other option, power or right, and no waiver on the
part of the Payee of any of its options, powers or rights shall constitute a waiver of any other option, power or right. The Maker
hereby waives presentment of payment, protest, and notices or demands in connection with the delivery, acceptance, performance,
default or endorsement of this Note. Acceptance by the Payee of less than the full amount due and payable hereunder shall in no
way limit the right of the Payee to require full payment of all sums due and payable hereunder in accordance with the terms hereof.

 

9.       Modifications.
No term or provision contained herein may be modified, amended or waived except by written agreement or consent signed by the party
to be bound thereby.

 

10.    Cumulative
Rights and Remedies; Usury. The rights and remedies of the Payee expressed herein are cumulative and not exclusive of any rights
and remedies otherwise available. If it shall be found that any interest outstanding hereunder shall violate applicable laws governing
usury, the applicable rate of interest outstanding hereunder shall be reduced to the maximum permitted rate of interest under such
law.

 

11.    Collection
Expenses. If this obligation is placed in the hands of an attorney for collection after default, and provided the Payee prevails
on the merits in respect to its claim of default, the Maker shall pay (and shall indemnify and hold harmless the Payee from and
against), all reasonable attorneys’ fees and expenses incurred by the Payee in pursuing collection of this Note.

 

12.    Successors
and Assigns. This Note shall be binding upon the Maker and its successors and shall inure to the benefit of the Payee and its
successors and assigns. The term “Payee” as used herein, shall also include any endorsee, assignee or other holder
of this Note.

 

13.    Lost
or Stolen Promissory Note. If this Note is lost, stolen, mutilated or otherwise destroyed, the Maker shall execute and deliver
to the Payee a new promissory note containing the same terms, and in the same form, as this Note. In such event, the Maker may
require the Payee to deliver to the Maker an affidavit of lost instrument and customary indemnity in respect thereof as a condition
to the delivery of any such new promissory note.

 

    	 	3	 

     

    

 

14.    Due
Authorization. This Note has been duly authorized, executed and delivered by the Maker and is the legal obligation of the Maker,
enforceable against the Maker in accordance with its terms.

 

15.    Governing
Law. This Note shall be governed by and construed and enforced in accordance with the internal laws of the State of Nevada
without regard to the principles of conflicts of law thereof.

 

16.    Definitions.
For the purposes hereof, the following terms shall have the following meanings:

 

“Business
Day” means any day except Saturday, Sunday and any day that is a legal holiday or a day on which banking institutions
in the State of New York or State of Nevada are authorized or required by law or other government action to close.

 

“Conversion
Price” shall be $0.025 per share or 50% of the lowest Per Share Market Value of the twenty five (25) Trading Days immediately
preceding a Conversion Date, whichever is lower.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“Trading Day”
means (a) a day on which the shares of Common Stock are traded on such Subsequent Market on which the shares of Common Stock are
then listed or quoted, or (b) if the shares of Common Stock are not listed on a Subsequent Market, a day on which the shares of
Common Stock are traded in the over-the-counter market, as reported by the OTC Bulletin Board, or (c) if the shares of Common Stock
are not quoted on the OTC Bulletin Board, a day on which the shares of Common Stock are quoted in the over-the-counter market as
reported by the National Quotation Bureau Incorporated (or any similar organization or agency succeeding its functions of reporting
prices); provided, however, that in the event that the shares of Common Stock are not listed or quoted as set forth in (a), (b)
and (c) hereof, then Trading Day shall mean any day except Saturday, Sunday and any day which shall be a legal holiday or a day
on which banking institutions in the State of New Hampshire are authorized or required by law or other government action to close.

 

[Intentionally Left Blank – Signature
Page Follows]

 

    	 	4	 

     

    

 

IN WITNESS WHEREOF, the Maker has
caused this Convertible Promissory Note to be duly executed and delivered as of the date first set forth above.

 

	 	MINERCO, INC.  
	 	 	 
	 	By:	/s/ V. Scott Vanis
	 	Name:	V. Scott Vanis
	 	Title:	Chief Executive Officer

 

    	 	5	 

     

    

 

EXHIBIT A

 

PARTIAL PAYMENT AND DISBURSEMENT AUTHORIZATION

 

(MEMORANDUM)

 

TO: BEAU SAAD

 

FROM: Minerco, Inc.

 

DATE: April 8, 2016

 

RE: Disbursement of Funds

 

In connection with
the funding of an aggregate of $7,500 pursuant to that certain Convertible Promissory Note in the amount of $7,500 dated as of
April 8, 2016 (the “Note”)*, you are hereby directed to disburse such funds as follows:

 

		1.	$7,500.00 to Stellar Media Group LLC in accordance with the wire transfer instructions;

 

Bank of
America

 

Routing
No: 026009593

Acct No.:
898063690410

 

Beneficiary:
Stellar Media Group LLC

 

Address:
Stellar Media Group LLC

2157
Misty Glen Drive

Apopka, FL 32712

 

	 	MINERCO, INC.
	 	 	 
	 	By: 	/s/ V. Scott Vanis
	 	 	V. Scott Vanis, 
	 	 	CEO

 

    	 	Ex-1	 

     

    

 

EXHIBIT B

 

LOAN SCHEDULE

 

Convertible Promissory Note Issued by Minerco,
Inc.

 

Dated: ___________________

 

SCHEDULE

OF

CONVERSIONS
AND PAYMENTS OF PRINCIPAL

 

	Date of Conversion	Amount of Conversion	
        Total Amount Due Subsequent

        To Conversion

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    	 	Ex-2	 

     

    

 

EXHIBIT C

 

NOTICE OF CONVERSION

 

Dated: _________________

 

The undersigned hereby
elects to convert the principal amount and interest indicated below of the attached Convertible Promissory Note into shares of
common stock (the “Common Stock”), of Minerco, Inc., according to the conditions hereof, as of the date written
below. No fee will be charged to the holder for any conversion.

 

Exchange calculations: ______________________________________________

 

Date to Effect Conversion: ___________________________________________

 

Principal Amount and Interest of

Secured Convertible Note to be Converted:
______________________________

 

Number of shares of Common Stock to be
Issued: _________________________

 

Applicable Conversion Price:

 

Signature: __________________________________________

 

Name:_____________________________________________

 

Address:____________________________________________

 

 

Ex-3

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