Document:

Exhibit 10.18

 

STANDARD PROMISSORY NOTE

(UNSECURED)

 

ON THIS 31st DAY OF OCTOBER, 2018, Kona Gold, LLC,
of 746 North Dr STE A, Melbourne, FL 32934, hereinafter known as the “Borrower” promises to pay to Robert Clark, hereinafter
known as the “Lender”, the principal sum of Twenty Thousand Dollars ($20,000), with a rate of zero percent (0%) per
annum beginning as of the date above in the manner that follows:

 

	 	1.	PAYMENTS: Borrower shall pay (check the applicable box)

 

☐- NO INSTALLMENTS. Payment in full of principal
and interest accrued shall be payable on the due date.

 

☒- INSTALLMENTS of principal and interest in
the amount of Five Hundred Dollars ($500).

 

☐- INTEREST ONLY PAYMENTS on the outstanding
principal balance.

 

If installments or interest only payments are checked
above, such installment payment shall be due and payable on the (check the applicable box)

 

☐- ____ day of every month beginning on the
____ day of ____________________, 20___.

 

☐- Every week beginning on the ____ day of
____________________, 20___.

 

	 	2.	DUE DATE: The full balance on this Note, including any accrued interest and late fees, is due and payable on the 4th day of April, 2021.
	 	 	 
	 	3.	INTEREST DUE IN THE EVENT OF DEFAULT: In the event that the Borrower fails to pay the note, in full, on the due date or has failed to make an installment payment due within 15 days of the due date, unpaid principal shall accrue interest at the rate of 0 percent (0%) per annum OR the maximum rate allowed by law, whichever is less, until the Borrower is no longer in default.

 

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	 	4.	ALLOCATION OF PAYMENTS: Payments shall be first credited any late fees due, then to interest due and any remainder will be credited to principal.
	 	 	 
	 	5.	PREPAYMENT: Borrower may pre-pay this Note without penalty.
	 	 	 
	 	6.	LATE FEES: If the Lender receives any installment payment more than 10 days after the date that it is due, then a late payment fee of $0 shall be payable with the scheduled installment payment along with any default interest due.
	 	 	 
	 	7.	ACCELERATION: If the Borrower is in default under this Note and fails to make any payment owed and such default is not cured within 30 days after written notice of such default, then Lender may, at its option, shall declare all outstanding sums owed on this Note to be immediately due and payable, in addition to any other rights or remedies that Lender may have under state and federal law.
	 	 	 
	 	8.	ATTORNEYS’ FEES AND COSTS: Borrower shall pay all costs incurred by Lender in collecting sums due under this Note after a default, including reasonable attorneys’ fees. If Lender or Borrower sues to enforce this Note or obtain a declaration of its rights hereunder, the prevailing party in any such proceeding shall be entitled to recover its reasonable attorneys’ fees and costs incurred in the proceeding (including those incurred in any bankruptcy proceeding or appeal) from the non-prevailing party.
	 	 	 
	 	9.	WAIVER OF PRESENTMENTS: Borrower waives presentment for payment, notice of dishonor, protest and notice of protest.
	 	 	 
	 	10.	NON-WAIVER: No failure or delay by Lender in exercising Lender’s rights under this Note shall be considered a waiver of such rights.
	 	 	 
	 	11.	SEVERABILITY: In the event that any provision herein is determined to be void or unenforceable for any reason, such determination shall not affect the validity or enforceability of any other provision, all of which shall remain in full force and effect.
	 	 	 
	 	12.	INTEGRATION: There are no verbal or other agreements which modify or affect the terms of this Note. This Note may not be modified or amended except by written agreement signed by Borrower and Lender.
	 	 	 
	 	13.	NOTICE: Any notices required or permitted to be given hereunder shall be given in writing and shall be delivered (a) in person, (b) by certified mail, postage prepaid, return receipt requested, (c) by facsimile, or (d) by a commercial overnight courier that guarantees next day delivery and provides a receipt, and such notices shall be made to the parties at the addresses listed below.

 

	 	14.	EXECUTION: The Borrower executes this Note as a principal and not as a surety. If there is more than one Borrower, each Borrower shall be jointly and severally liable under this Note.

 

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SIGNATURE AREA

 

This agreement was signed the 31st day of October, 2018 by the
following:

 

	/s/ Robert Clark	 	/s/ Robert Clark
	Lender’s Signature	 	Borrower’s Signature
	 	 	 
	Robert Clark	 	Kona Gold LLC
	Lender’s Printed Name	 	Borrower’s Printed Name
	 	 	 
	/s/ Grace Noel	 	/s/ Grace Noel
	Witness’s Signature	 	Witness’s Signature
	 	 	 
	Grace Noel	 	Grace Noel
	Witness’s Printed Name	 	Witness’s Printed Name

 

    Page 3 of 3Exhibit 10.28

 

 

As of September 3, 2020, the Company had
the following stock transactions with Robert Clark, CEO, of Kona Gold Solutions, Inc.:

 

The Company issued 30,000,000 shares of
common stock on October 28, 2015 to Robert Clark pursuant to an Employment Agreement, dated August 12, 2015 (the “Clark Employment
Agreement”), with Robert Clark and the Company. At the date of issuance, the per-share fair market value of the shares was
$0.015 based on the closing price of common stock as reported by the OTCM on the date of issuance. Pursuant to the Clark Employment
Agreement, the Company issued an additional 40,000,000 shares of common stock on March 2, 2016. At the date of issuance, the per-share
fair market value of the shares was $0.0250 based on the closing price of common stock as reported by the OTCM on the date of issuance.
Pursuant to the Clark Employment Agreement, the Company issued an additional 50,000,000 shares of common stock on May 16, 2016.
At the date of issuance, the per-share fair market value of the shares was $0.0036 based on the closing price of common stock as
reported by the OTCM on the date of issuance. The Company issued the shares of common stock in reliance on the exemption from registration
pursuant to Section 4(a)(2) of the Securities Act (in that the issuance of shares of common stock did not involve any public offering).
The Company accrued 80,000,000 shares of common stock on December 31, 2016 that were not issued. At the date of accrual, the per-share
fair market value of the shares was $0.0025 based on the closing price of common stock as reported by the OTCM on the date of issuance.
On April 19, 2018, 40,000,000 shares were cancelled and returned to the Company for accrual by Mr. Clark. On July 31, 2019, an
additional 50,000,000 shares were cancelled and returned to us for accrual. On July 14th, 140 shares of common stock
accrued by the Company was issued to Mr. Clark. At the date of accrual, the per-share fair market value of the shares was $0.0312
based on the closing price of common stock as reported by the OTCM on the date of issuance. These shares were immediately converted
to 140 shares of the Company’s Series C Preferred Stock.

 

On December 6, 2017, the Company issued
2,700,000 shares of Series A Preferred Stock to Robert Clark pursuant to the Clark Employment Agreement. These shares had a fair
market value of $0.01 per share at the date of issuance. The Company issued the shares of Series A Preferred Stock in reliance
on the exemption from registration pursuant to Section 4(a)(2) of the Securities Act (in that the issuance of shares of Series
A Preferred Stock did not involve any public offering). On July 10, 2020, at the request of Mr. Clark, the Company converted these
shares to 2,700,000 shares of common stock. The Company issued the shares of common stock in reliance on the exemption from registration
pursuant to Section 4(a)(2) of the Securities Act (in that the issuance of shares of common stock did not involve any public offering).

 

On December 29, 2017, the Company issued
650,000 shares of our Series B Preferred Stock to Robert Clark pursuant to the Clark Employment Agreement. These shares had a fair
market value of $0.06 at the date of issuance. The Company issued the shares of Series B Preferred Stock in reliance on the exemption
from registration pursuant to Section 4(a)(2) of the Securities Act (in that the issuance of shares of Series B Preferred Stock
did not involve any public offering). On April 30, 2019, these shares were cancelled and returned to the Company for accrual by
Mr. Clark.

 

On July 14th, the Company converted
140 shares of the Mr. Clarks common stock to 140 shares of the Company’s Series C Preferred Stock to Robert Clark. At the
date of accrual, the per-share fair market value of the shares of the Company’s common stock was $0.0312 based on the closing
price of common stock as reported by the OTCM on the date of issuance.

 

The Company issued 500,000 restricted shares
of Series D Preferred Stock to Robert Clark on January 24, 2018, as consideration for services rendered in fiscal 2017, which
shares, at the date of issuance, had a fair market value of $0.0158 per share based on the closing price of common stock as reported
by the OTCM on the date of issuance. The Company issued the shares in reliance on the exemption from registration pursuant to
Section 4(a)(2) of the Securities Act (in that the shares of Series D Preferred Stock were issued by us in a transaction not involving
any public offering).

 

     

     

    

 

	Name: Robert Clark,

CEO	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Date	 	Common Stock	 	PS A	 	PS B	 	PS C	 	PS D
	Available as of 9/3/20	 	 	 	200,000,000	 	2,700,000	 	650,000	 	140	 	500,000
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Original Issued	 	10/29/2015	 	30,000,000	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Issued	 	3/2/2016	 	40,000,000	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Issued	 	5/16/2016	 	50,000,000	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Shares 12/31/16	 	 	 	120,000,000	 	-	 	-	 	-	 	-
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Shares not

Issued 12/31/16,

Accrued

Compensation	 	 	 	80,000,000	 	-	 	-	 	-	 	-
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Issued	 	12/29/2017	 	 	 	2,700,000	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Issued	 	12/6/2017	 	 	 	 	 	650,000	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Shares 12/31/17	 	 	 	120,000,000	 	2,700,000	 	650,000	 	-	 	-
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Shares not

Issued 12/31/17,

Accrued

Compensation	 	 	 	80,000,000	 	-	 	-	 	-	 	-
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Returned and Accrued	 	4/9/2018	 	(40,000,000)	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Issued	 	1/24/2018	 	 	 	 	 	 	 	 	 	500,000
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Shares	 	12/31/18	 	80,000,000	 	2,700,000	 	650,000	 	-	 	500,000
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Shares Deferred Com	 	12/31/18	 	 	 	120,000,000	 	-	 	-	 	-
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Returned and Accrued	 	7/31/2019	 	(50,000,000)	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 Returned and Accrued	 	4/30/2019	 	 	 	 	 	(650,000)	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Shares	 	12/31/19	 	30,000,000	 	2,700,000	 	-	 	-	 	500,000
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Shares Accrued	 	12/31/19	 	170,000,000	 	-	 	650,000	 	-	 	-

 

     

     

    

 

	Converted to Common 	 	7/10/2020	 		 	(2,700,000)	 		 		 	
	Issued from deferred	 	7/14/2020	 	140	 	 	 	 	 	 	 	 
	Converted to Series C	 	7/14/2020	 	(140)	 	 	 	 	 	140	 	 
	Total Shares as 9/3/20	 	 	 	29,999,860	 	-	 	-	 	140	 	500,000
	Total Shares Accrued	 	 	 	 	 	-	 	 	 	 	 	 
	9/3/20	 	 	 	169,999,860	 	-	 	650,000	 	-	 	-
	Sold on Open Market	 	various	 	12,900,000	 	 	 	 	 	 	 	 
	Total Shares Issued at	 	 	 	 	 	 	 	 	 	 	 	 
	9/3/20	 	 	 	17,100,000	 	 	 	 	 	 	 	 

  

As of September 3, 2020, the Company has
accrued stock in the amount of 169,999,860 shares of the Company’s common stock, and 650,000 shares of the Company’s
Series B preferred stock. These shares are issuable to Mr. Clark at his request within five (5) years of the date of being accrued
and/or at the time of his departure as CEO of Kona Gold Solutions, Inc., whichever comes first. No board of directors or CEO approval
is required for issuance, and no formal agreement has been signed for Mr. Clark’s accrued stock.

 

X /s/ Robert Clark

 

Robert Clark CEO

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