SEC Contract Filing

Filing Date: 2019-10-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>ex10-2.htm
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>INTERCOMPANY
PROMISSORY NOTE</U></B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">US
 $771,928.06</FONT></TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; width: 60%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective
 Date: 11/15/2017</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOR
VALUE RECEIVED, Vivos Real Estate, LLC (&ldquo;<B><I>Borrower</I></B>&rdquo;) promises to pay to the order of Maslow Media Group,
Inc. (&ldquo;<B><I>Lender</I></B>&rdquo;) on demand at the principal office of Lender at 2333 Wisconsin Ave., Ste 400, Washington,
DC 20007, or at such other place as the holder of this Note may from time to time designate in writing, the principal sum of U.S.
seven hundred eighty thousand and NO/100 dollars (U.S. $771,928.06) or, if less, the amount advanced by Lender to the Borrower
under this Note together with interest on the principal amount of this Note from time to time outstanding at the rates and in
the manner specified hereinbelow. All payments on this Note shall be made in lawful money of the United States and in immediately
available and freely transferable funds at the place of payment and shall be paid no later than the date when due, without set-off
or deduction of any kind.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lender
shall record on its books or records the principal amount of the initial advance made, all payments of principal and interest
and the principal balances from time to time outstanding. Lender&rsquo;s books and records with respect to the principal amount
due and the amount of interest payable thereon shall be deemed correct absent manifest error.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Interest
shall be computed on the basis of a year of 360 days and actual days elapsed at a per annum rate equal to three and one-half percent
(3 1/2%).</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
loan will consist of two periods. During the first period, from November 15, 2017 until March 31, 2018, interest will accrue monthly
but will not be paid. A new loan amount of $780,974.07 shall be subject to a second loan period.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
the second loan period, interest due hereunder shall be paid in twenty (20) equal, consecutive, quarterly installments, payable
on each Interest Payment Date (as defined herein); provided that the outstanding principal balance hereunder, together with all
accrued and unpaid interest shall be due and payable on March 31, 2023. Accrued interest shall be payable quarterly on the last
day of December, March, June and September and at maturity, commencing with the first of such dates to occur after the date hereof,
or as the parties hereto may otherwise agree (each such date, an &ldquo;<B><I>Interest Payment Date</I></B>&rdquo;). The Borrower
shall, on demand, pay interest (calculated on the basis of a year of 360 days and actual number of days elapsed) on any overdue
principle and on any other amounts overdue hereunder for each day from the date of payment thereon was due to the date of actual
payment, at a rate per annum equal to the lesser of (i) the maximum permissible amount under applicable state and federal usury
laws and (ii) 2% above the interest rate applicable to such amounts immediately prior to the date such overdue amount became due.</FONT></P>

<P STYLE="