Exhibit 10.5
 
CONSENT TO ENTRY OF JUDGMENT BY CONFESSION

_________ COUNTY                      )
                                                             ) ss.
STATE OF ___________               )

Defendant, Cord Blood America, Inc., a Florida corporation (“Defendant”), hereby
knowingly and voluntarily consents to the entry of either one of the Judgments
by Confession attached hereto as Exhibit A and Exhibit B (collectively, the
“Judgment by Confession”), to be entered in either federal or state court at the
request and discretion of counsel for Tonaquint, Inc., a Utah corporation, or
its successors or assigns (“Plaintiff”), upon the occurrence of a Payment
Default (as defined in that certain Secured Convertible Promissory Note (the
“Note”) issued by Defendant in favor of Plaintiff pursuant to that certain
Settlement and Exchange Agreement (the “Settlement Agreement”)) that is not
cured as set forth in the Note.
 
The Judgment Amount (as defined in the Judgment by Confession) shall be 250% of
the entire Outstanding Balance (as defined in the Note) of the Note (the
“Judgment Amount”), together with reasonable attorneys’ fees and collection
costs, at the time the Judgment by Confession is filed.  Plaintiff agrees it (a)
will give Defendant two (2) business-days notice before filing the Judgment by
Confession; (b) will serve a copy of the Judgment by Confession on Cord Blood
concurrent with the filing; and (c) will not file the Judgment by Confession
unless and until a Payment Default has occurred under the Note and is not cured
within the timeframe set forth therein.  Subject to the foregoing, Plaintiff
shall be entitled to file the Confession of Judgment in either state or federal
court in Salt Lake County, Utah in Plaintiff’s discretion.  Plaintiff’s counsel
or Plaintiff shall provide the applicable court with an affidavit stating that
an uncured Payment Default has occurred and stating the Judgment Amount. A copy
of the Judgment by Confession, and the affidavit shall be served via email and
express-mail overnight delivery on Defendant and its counsel identified in the
Settlement Agreement at the same time that it is filed.
 
 
 

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Defendant expressly agrees and acknowledges that:
           (a)           By executing this Judgment by Confession, it is
permitting final judgment to be entered against it in the Judgment Amount, plus
any subsequently accruing interest as specified herein, plus attorneys’ fees
accrued and owing under Note (the “Final Judgment Amount”) in the event of any
uncured Payment Default under the Note;
           (b)           It is waiving any right to a jury trial on any of the
matters set forth in the Judgment by Confession, or on any matter set forth in
the Settlement Agreement or the Note;
            (c)           Defendant understands that this Judgment by Confession
is being delivered to Plaintiff, to be filed with one of the courts referenced
herein for the purpose of obtaining a final, fully enforceable, judgment against
Defendant in the amount of the Final Judgment Amount in the event of an uncured
Payment Default;
           (d)           Defendant represents and warrants that it has all
necessary authority, corporate or otherwise, to enter into this Consent to Entry
of Judgment by Confession, and that the Settlement Agreement, the Note, this
Consent to Entry of Judgment by Confession, and all other documents referenced
herein or therein, once executed, are legally binding and fully enforceable
against it in accordance with the terms hereof and thereof; and
           (e)           Defendant expressly agree and acknowledge that by
filing the Judgment by Confession, Plaintiff will obtain a final judgment in the
Final Judgment Amount.
 
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CORD BLOOD AMERICA, INC.

By: Joseph R Vicente    Dated:
12-17-2014                                                 
      ______________ , President

Subscribed and sworn to before me by Joseph R Vicente on this 17th day of  Dec
2014.
 

____________________________________
Notary Public
 
 
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EXHIBIT A TO CONSENT TO ENTRY OF JUDGMENT BY CONFESSION
 
 

 
 
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________________________________ (________)
________________________________
________________________________
________________________________
Telephone:  (_____) _______________
Facsimile: (_____) ________________

Attorney for Tonaquint, Inc.

                                                                                                                                          

 
IN THE THIRD JUDICIAL DISTRICT COURT
 
 
IN AND FOR SALT LAKE COUNTY, STATE OF UTAH
 
 
TONAQUINT, INC., a Utah corporation,
 
Plaintiff,
 
vs.
 
CORD BLOOD AMERICA, INC., a Florida corporation,
 
Defendant.
 
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JUDGMENT BY CONFESSION
 
Case No.                                             
 
Judge                                             

Defendant CORD BLOOD AMERICA, INC., a Florida corporation (“Defendant”), having
confessed and stipulated to the entry of a final and binding judgment against it
and in favor of Plaintiff TONAQUINT, INC., a Utah corporation, its successors or
assigns (“Plaintiff”), in the event of an uncured Payment Default, as such terms
are defined in the Note (as defined below), and other good cause appearing
therefore, the Court hereby FINDS, ORDERS, ADJUDGES, AND DECREES that:
 
 
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1. A Payment Default, which was not timely cured, has occurred under that
certain Secured Convertible Promissory Note dated December 17, 2014 given by
Defendant in favor of Plaintiff (the “Note”) pursuant to that certain Settlement
and Exchange Agreement dated December 17, 2014, entered into by and between
Defendant and Plaintiff, copies of which are attached hereto as Attachment 1, in
that Defendant failed to make a required payment or payments thereunder or
timely deliver any shares of its common stock to Plaintiff as required
thereunder and failed to cure such Payment Default, as allowed under the Note.
 
2. By virtue of Defendant’s default and violation of the Note, judgment in favor
of Plaintiff is hereby entered against Defendant in the amount of the
Outstanding Balance (as defined in the Note), which credits Defendant for any
payments made by Defendant, multiplied by 250%, which amount is
$________________ (the “Judgment Amount”).
 
3. Interest shall accrue on the Judgment Amount at the rate of 15% per annum
until all amounts due under the terms of this Judgment by Confession are paid to
Plaintiff.
 
4. It is further ordered that this Judgment shall be augmented in the amount of
Plaintiff’s reasonable costs and attorneys’ fees expended in enforcing this
Judgment as shall be established by affidavit or declaration by or on behalf of
Plaintiff.
 
DATED this ____day of ___________, 201__.
 
BY THE COURT

___________________________________
Third Judicial District Court Judge
 

 
 
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ATTACHMENT 1 – SETTLEMENT AND EXCHANGE AGREEMENT AND NOTE
 
 
 
 
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EXHIBIT B TO CONSENT TO ENTRY OF JUDGMENT BY CONFESSION

________________________________ (________)
________________________________
________________________________
________________________________
Telephone:  (_____) _______________
Facsimile: (_____) ________________

Attorney for Tonaquint, Inc.

                                                                                                                                          

 
IN THE UNITED STATES DISTRICT COURT
DISTRICT OF UTAH, CENTRAL DIVISION
 
 
TONAQUINT, INC., a Utah corporation,
 
Plaintiff,
 
vs.
 
CORD BLOOD AMERICA, INC., a Florida corporation,
 
Defendant.
 
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JUDGMENT BY CONFESSION
 
Case No. ____________                                            
 
Judge ______________                                            

Defendant CORD BLOOD AMERICA, INC., a Florida corporation (“Defendant”), having
confessed and stipulated to the entry of a final and binding judgment against it
and in favor of Plaintiff TONAQUINT, INC., a Utah corporation, its successors or
assigns (“Plaintiff”), in the event of an uncured Payment Default, as such terms
are defined in the Note (as defined below), and other good cause appearing
therefore, the Court hereby FINDS, ORDERS, ADJUDGES, AND DECREES that:
 
1.           A Payment Default, which was not timely cured, has occurred under
that certain Secured Convertible Promissory Note dated December 17, 2014 given
by Defendant in favor of Plaintiff (the “Note”) pursuant to that certain
Settlement and Exchange Agreement dated December 17, 2014, entered into by and
between Defendant and Plaintiff, copies of which are attached hereto as
Attachment 1, in that Defendant failed to make a required payment or payments
thereunder or timely deliver any shares of its common stock to Plaintiff as
required thereunder and failed to cure such Payment Default, as allowed under
the Note.
 
 
 

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2.           By virtue of Defendant’s default and violation of the Note,
judgment in favor of Plaintiff is hereby entered against Defendant in the amount
of the Outstanding Balance (as defined in the Note), which credits Defendant for
any payments made, multiplied by 250%, which amount is $________________ (the
“Judgment Amount”).
 
3.           Interest shall accrue on the Judgment Amount at the rate of 15% per
annum until all amounts due under the terms of this Judgment by Confession are
paid to Plaintiff.
 
4.           It is further ordered that this Judgment shall be augmented in the
amount of Plaintiff’s reasonable costs and attorneys’ fees expended in enforcing
this Judgment as shall be established by affidavit or declaration by or on
behalf of Plaintiff.
 
DATED this ____day of ___________, 201__.
BY THE COURT

___________________________________Federal District Court Judge
 
 
 

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ATTACHMENT 1 – SETTLEMENT AND EXCHANGE AGREEMENT AND NOTE