SEC Contract Filing

Filing Date: 2015-07-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.20
<SEQUENCE>14
<FILENAME>ex10_20.htm
<DESCRIPTION>EXHIBIT 10.20
<TEXT>
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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.95pt 0 0; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Note:
January 20, 2015</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 2.55pt 0 8.9pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">NEITHER
THESE SECURITIES NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND
EXCHANGE COMMISSION IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &quot;SECURITIES
ACT&quot;), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTNE REGISTRATION STATEMENT UNDER THE SECURITIES
 ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT.</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 3.5pt 0 8.45pt; text-align: justify; text-indent: 0.25pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">THIS
 NOTE DOES NOT REQUIRE PHYSICAL SURRENDER OF THE NOTE IN THE EVENT OF A PARTIAL REDEMPTION OR CONVERSION. AS A RESULT,
 FOLLOWING ANY REDEMPTION OR CONVERSION OF ANY PORTION OF THIS NOTE, THE OUTSTANDING PRINCIPAL AMOUNT REPRESENTED BY THIS NOTE
MAY BE LESS THAN THE PRINCIPAL AMOUNT AND ACCRUED INTEREST SET FORTH BELOW.</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>10%
CONVERTIBLE PROMISSORY NOTE</U></FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">ALKAME
HOLDINGS, INC.</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Issuance
Date: January 20, 2015</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 299.2pt 0 7.25pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Total
Face Value of Note: $220,000</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 311.9pt 0 7.5pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Original
Issue Discount: $20,000</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.4pt 0 7pt; text-align: justify; text-indent: 36.5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">THIS
NOTE is a duly authorized Convertible Promissory Note of Alkame Holdings, Inc. a corporation duly organized and existing under
the laws of the State of Nevada (the &quot;Company&quot;), designated as the Company's 10% Convertible Promissory Note due January
20, 2016 (&quot;Maturity Date&quot;) in the principal amount of $220,000 (the &quot;Note&quot;).</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 4.35pt 0 6.3pt; text-align: justify; text-indent: 36.7pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">FOR
VALUE RECEIVED, the Company hereby promises to pay to the order of Tangiers Investment Group, LLC or its registered assigns or
successors-in-interest (&quot;Holder&quot;) the principal sum of up to $220,000 and to pay &quot;guaranteed&quot; interest on
the principal balance hereof (which principal balance shall be increased by the Holder's payment of additional consideration as
set forth herein and which increase shall also include the prorated amount of the original issue discount in connection with Holders
payment of additional consideration) at the rate of 10%, all of which &quot;guaranteed&quot; interest shall be deemed earned as
of the date of each such payment of additional consideration by the Holder on the Maturity Date, to the extent such principal
amount and &quot;guaranteed&quot; interest have been repaid or converted into the Company's Common Stock,</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 47.25pt 0 6.3pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">$0.001
par value per share (the &quot;Common Stock&quot;), in accordance with the terms hereof.</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 5.85pt 0 5.8pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
initial Purchase Price will be $82,500 of consideration upon execution of the Note Purchase Agreement and all supporting documentation.
The sum of $75,000 shall be remitted and delivered to the Company, and $7,500 shall be retained by the Purchaser through an or