release and settlement agreement this release and settlement agreement ( the “ agreement ” ) is made and entered into by and between rocky mountain high brands, inc., fka totally hemp crazy, inc., fka republic of texas brands, inc. ( sometimes referred to as “ rmhb ” or the “ company ” ) and roy meadows ( sometimes referred to as “ meadows ” ) ( rmhb and meadows sometimes collectively referred to as “ the parties ” ) according to the following terms. a. on or about february 5, 2013, rmhb, acting in its then - current corporate name of republic of texas brands, inc., and meadows entered into a written agreement, entitled demand convertible promissory note with the principal to be up to $ 250, 000. 00 us. during 2013, the company was advanced $ 57, 000. 00 under the loan prior to filing for bankruptcy protection on december 16, 2013 in the united states bankruptcy court, northern district of texas, case no. 13 - 36434 - bjh - 11. after emerging from bankruptcy reorganization, on july 17, 2014, that note was amended and restated for $ 250, 000. 00. that amended and restated note was again amended and restated to be the totally hemp crazy, inc. demand and convertible note in the principal amount of up to $ 1, 500, 000. 00 ( the “ meadows note ” ), which was dated march 25, 2015. at september 25, 2017, according to the books and records of rmhb, the principal balance of the meadows note was $ 1, 107, 606, with accrued interest of $ 275, 197. 00. as additional consideration for the providing of funds under the meadows note, plaintiff was required to issue common stock purchase warrants ( the “ meadows warrants ” ), two of which are still outstanding and subject to being exercised in the amounts of 41, 454, 851 and 13, 166, 064 shares of common stock of rmhb. meadows claims to be entitled to issuance, under the terms of the meadows note, of additional warrants to purchase 28, 185, 900 shares of rmhb common stock. on or about october 1 1 1 1 13, 2015, rmhb and meadows entered into a written agreement, entitled convertible promissory note with the principal to be up to $ 500, 000. 00 usd ( “ second meadows note