SEC Contract Filing

Filing Date: 2015-02-10

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex10_2.htm
<DESCRIPTION>EX10_2
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.35pt"><FONT STYLE="color: Black"><B>TIDS
NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &quot;ACT&quot;), OR APPLICABLE STATE SECURITIES
LAWS, AND MAY NOT BE SOLD, TRANSFERRED, OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR RECEIPT BY THE COMPANY
OF AN OPINION OF COUNSEL IN THE FORM, SUBSTANCE AND SCOPE REASONABLY SATISFACTORY TO THE COMPANY THAT THIS NOTE MAY BE SOLD, TRANSFERRED,
OR OTHERWISE DISPOSED OF, UNDER AN EXEMPTION FROM REGISTRATION UNDER THE ACT AND SUCH STATE SECURITIES LAWS.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.35pt"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.35pt"><FONT STYLE="color: Black"><B>WELL
POWER, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.35pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.35pt"><FONT STYLE="color: Black">10%
OID Convertible Promissory Note due February 5, 2016 (the &quot;<U>Note</U>&quot;)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.35pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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 <td style="width: 50%; padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt; color: Black">Original Issue
 Date:&nbsp;&nbsp;February 5, 2015</FONT></td>
 <TD STYLE="width: 50%; padding-right: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">Principal Amount:&nbsp;&nbsp;Up
 to USD$550,000, subject</FONT></td></tr>
<tr style="vertical-align: top">
 <td style="padding-right: 5.4pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></td>
 <TD STYLE="padding-right: 5.4pt; text-align: right"><FONT STYLE="font-size: 10pt; color: Black">to adjustment as described
 herein.</FONT></td></tr>
<tr style="vertical-align: top">
 <td style="padding-right: 5.4pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></td>
 <TD STYLE="padding-right: 5.4pt; text-align: right"><FONT STYLE="color: Black">&nbsp;</FONT></td></tr>
<tr style="vertical-align: top">
 <td style="padding-right: 5.4pt; text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></td>
 <TD STYLE="padding-right: 5.4pt; text-align: right; text-indent: 0.35pt"><FONT STYLE="font-size: 10pt; color: Black">Purchase
 Price: Up to USD$500,000</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.35pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">For
value received, <B>Well Power, Inc</B>., a Nevada corporation (the &quot;<U>Company</U>&quot;), hereby promises to pay to the
order of <B>JDF Capital Inc</B>. (together with its successors, representatives, and permitted assigns, the &quot;<U>Holder</U>''),
in accordance with the terms hereinafter provided, up to an aggregate of $550,000 (Five Hundred Fifty Thousand Dollars) (the &quot;<U>Principal
Amount</U>&quot;). The Principal Amount outstanding shall be due and payable on February 5, 2016 (the &quot;<U>Maturity Date</U>&quot;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">All
payments under or pursuant to this Note refer to and shall be made in United States Dollars in immediately available funds to
the Holder at the address of the Holder set forth in the Purchase Agreement or at such other place as the Holder may designate
from time to time in writing to the Company or by wire transfer of funds to the Holder's account, instructions for which are attached
hereto as <U>Exhibit A</U>.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.35pt"><FONT STYLE="color: Black"><B>ARTICLE
I</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.35pt"><FONT STYLE="color: Black">Section
1.1&#9;<U>Purchase Agreement</U>. This Note has been executed and delivered pursuant to that certain Security Purchase Agreement
dated as of February 5, 2015 (the &quot;Purchase Agreement&quot;) by and among the Company and the Holder. Capitalized terms used
and not otherwise defined herein shall have the meanings set forth for such terms in the Purchase Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.35pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.35pt"><FONT STYLE="color: Black">Section
1.2&#9;<U>Loan Funding</U>. At the request of the Company, this Note shall be funded as follows