Exhibit 10.10


 


Note: October 1, 2019


 


NEITHER THIS NOTE NOR THE SECURITIES
INTO WHICH THIS NOTE ARE CONVERTIBLE HAVE BEEN REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION IN RELIANCE
UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY,
MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE 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. 


 


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 SUM REPRESENTED BY THIS NOTE MAY BE LESS THAN THE PRINCIPAL SUM AND ACCRUED
INTEREST SET FORTH BELOW.


 


10% CONVERTIBLE PROMISSORY NOTE 


 


OF


 


HEALTHLYNKED
CORP.


 


Issuance Date: October 1, 2019


Principal Sum: $142,500


 


This
Note is a duly authorized Convertible Promissory Note of HealthLynked Corp., a corporation duly organized and existing under
the laws of the State of Nevada (the “Company”), designated as
the Company's 10% Convertible Promissory Note due October 1, 2020 (“Maturity Date”) in the face amount of $142,500
(the “Note”).


 


For
Value Received, the Company hereby promises to pay to the order of Iconic Holdings, LLC or its
registered assigns or successors-in-interest (the “Holder”) the Principal Sum of $142,500 (the
“Principal Sum”) and to pay “guaranteed” interest on the principal balance hereof at an amount
equivalent to 10% of the Principal Sum, to the extent such Principal Sum and “guaranteed” interest and any other
interest, fees, liquidated damages and/or items due to Holder herein have not been repaid or converted into the
Company’s Common Stock (the “Common Stock”), in accordance with the terms hereof. The sum of
$135,000 shall be remitted and delivered to the Company, and $7,500 shall be retained by the Holder through an original issue
discount (the “OID”) for due diligence and legal bills related to this transaction. The Company covenants
that within _______ months of the Effective Date of the Note, it shall utilize approximately $135,000 of the proceeds
in the manner set forth on Schedule 1, attached hereto (the “Use of Proceeds”), and shall promptly provide
evidence thereof to Holder, in sufficient detail as reasonably requested by Holder.


 






     


     


    

 


In addition to the “guaranteed”
interest referenced above, and upon the occurrence of an Event of Default (as defined in Section 3.00(a)), additional interest
will accrue from the date of the Event of Default at the rate equal to the lower of 20% per annum or the highest rate permitted
by law (the “Default Rate”).


 


This Note will become
effective only upon the execution by both parties, including the execution of Exhibits B, C, D, E, Schedule 1 (collectively, the
“Exhibits”), and the Irrevocable Transfer Agent Instructions (the “Date of Execution”) and
delivery of the initial payment of consideration by the Holder (the “Effective Date”). The Company acknowledges
and agrees the Exhibits are material provisions of this Note.


 


For purposes hereof the
following terms shall have the meanings ascribed to them below:


 


“Business
Day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the City of New York
are authorized or required by law or executive order to remain closed.


 


“Conversion
Price” shall be equal to 61% of the lowest trading price of the Company’s Common Stock during the 15 consecutive
Trading Days prior to the date on which Holder elects to convert all or part of the Note. For the purpose of calculating the Conversion
Price only, any time after 4:00 pm Eastern Time (the closing time of the Principal Market) shall be considered to be the beginning
of the next Business Day. If the Company is placed on “chilled” status with the DTC, the discount shall be increased
by 10%, i.e., from 41% to 51%, until such chill is remedied. If the Company is not DWAC eligible through their transfer agent
and DTC’s FAST system, the Conversion Price discount will be increased by 5%, i.e., from 41% to 46%. In the case of both,
the Conversion Price discount shall be a cumulative increase of 15%, i.e., from 41% to 56%. Any default of this Note not remedied
within the applicable cure period will result in a permanent additional 10% increase, i.e., from 41% to 51%, in the Conversion
Price discount in addition to any and all other Conversion Price discounts, as provided above.


 


“Principal
Amount” shall refer to the sum of (i) the original principal amount of this Note (including the original issue discount,
prorated if the Note has not been funded in full), (ii) all guaranteed and other accrued but unpaid interest hereunder, (iii)
any fees due hereunder, (iv) liquidated damages, and (v) any default payments owing under the Note, in each case previously paid
or added to the Principal Amount.


 


“Principal Market”
shall refer to the primary exchange or trading platform on which the Company’s common stock is traded or quoted.


 


“Trading Day”
shall mean a day on which there is trading or quoting for any security on the Principal Market.


 


“Underlying
Shares” means the shares of Common Stock into which the Note is convertible (including interest, fees, liquidated
damages and/or principal payments in common stock as set forth herein) in accordance with the terms hereof.


 






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The following terms and
conditions shall apply to this Note:


 


Section 1.00Repayment.


 


(a) The
Company may pay this Note, in whole or in part, in cash or in other good funds, according to the following schedule:


 


	Days Since Effective Date	Payment Amount
	Under 180	125% of Principal Amount so paid


 


(b) After
180 days from the Effective Date, the Company may not pay this Note, in whole or in part, in cash or in other good funds, without
prior written consent from Holder, which consent may be withheld, delayed, denied, or conditioned in Holder’s sole and absolute
discretion. Whenever any amount expressed to be due by the terms of this Note is due on any day that is not a Business Day, the
same shall instead be due on the next succeeding day that is a Business Day. Upon the occurrence of an Event of Default, the Company
may not pay the Note, in whole or in part, in cash or in other good funds without written consent of the Holder, which consent
may be withheld, delayed, denied, or conditioned in Holder’s sole and absolute discretion. Further, the Company shall provide
the Holder with two weeks’ prior written notice of the Company’s determination to pay any or all of its obligations
hereunder. During such two-week period, the Holder may exercise any or all of its conversion rights hereunder. In the event that
the Holder does not exercise its conversion rights in respect of any or all of such noticed, prospective payment, the Company shall
tender the full amount set forth in such notice (less any amount in respect of which the Holder has exercised its conversion rights)
to the Holder within 2 Business Days following the Holder’s exercise (or notification to the Company of non-exercise) of
the Holder’s conversion rights in respect of the amount set forth in such notice. Any such payment by the Company in connection
with this provision shall be deemed to have been made on the date that the Holder first receives the above-referenced notice.


 


Section 2.00Conversion.


 


(a) Conversion
Right. Subject to the terms hereof and restrictions and limitations contained herein, the Holder shall have the right, at the
Holder's sole option, at any time and from time to time to convert in whole or in part the outstanding and unpaid Principal Amount
under this Note into shares of Common Stock at the Conversion Price (defined above), but not to exceed the Restricted Ownership
Percentage, as defined in Section 2.00(f). The date of any conversion notice (“Conversion Notice”) hereunder
shall be referred to herein as the “Conversion Date”.


 


(b) Stock
Certificates or DWAC. The Company will deliver to the Holder, or Holder’s authorized designee, no later than 2 Trading
Days after the Conversion Date, a certificate or certificates (which certificate(s) shall be free of restrictive legends and trading
restrictions if the shares of Common Stock underlying the portion of the Note being converted are eligible under a resale exemption
pursuant to Rule 144(b)(1)(ii) and Rule 144(d)(1)(ii) of the Securities Act of 1933, as amended) representing the number of shares
of Common Stock being acquired upon the conversion of this Note. In lieu of delivering physical certificates representing the shares
of Common Stock issuable upon conversion of this Note, provided the Company's transfer agent is participating in Depository Trust
Company’s (“DTC”) Fast Automated Securities Transfer (“FAST”) program, the Company
shall instead use commercially reasonable efforts to cause its transfer agent to electronically transmit such shares issuable upon
conversion to the Holder (or its designee), by crediting the account of the Holder’s (or such designee’s) broker with
DTC through its Deposits and Withdrawal at Custodian (“DWAC”) program (provided that the same time periods herein
as for stock certificates shall apply).


 






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(c) Charges
and Expenses. Issuance of Common Stock to Holder, or any of its assignees, upon the conversion of this Note shall be made without
charge to the Holder for any issuance fee, transfer tax, legal opinion and related charges, postage/mailing charge or any other
expense with respect to the issuance of such Common Stock. Company shall pay all transfer agent fees incurred from the issuance
of the Common Stock to Holder, as well as any and all other fees and charges required by the transfer agent as a condition to effectuate
such issuance. Any such fees or charges, as noted in this Section that are paid by the Holder (whether from the Company’s
delays, outright refusal to pay, or otherwise), will be automatically added to the Principal Sum of the Note and tack back to the
Effective Date for purposes of Rule 144.


 


(d) Delivery
Timeline. If the Company fails to deliver to the Holder such certificate or certificates (or shares through the DWAC program)
pursuant to this Section (free of any restrictions on transfer or legends, if eligible) prior to 3 Trading Days after the Conversion
Date, the Company shall pay to the Holder as liquidated damages an amount equal to $2,000 per day, until such certificate or certificates
are delivered. The Company acknowledges that it would be extremely difficult or impracticable to determine the Holder’s actual
damages and costs resulting from a failure to deliver the Common Stock and the inclusion herein of any such additional amounts
are the agreed upon liquidated damages representing a reasonable estimate of those damages and costs. Such liquidated damages will
be automatically added to the Principal Sum of the Note and tack back to the Effective Date for purposes of Rule 144.


 


(e) Reservation
of Underlying Securities. The Company covenants that it will at all times reserve and keep available for Holder, out of its
authorized and unissued Common Stock solely for the purpose of issuance upon conversion of this Note, free from preemptive rights
or any other actual contingent purchase rights of persons other than the Holder, five times the number of shares of Common
Stock as shall be issuable (taking into account the adjustments under this Section 2.00, but without regard to any ownership limitations
contained herein) upon the conversion of this Note (consisting of the Principal Amount) to Common Stock (the “Required
Reserve”). The Company covenants that all shares of Common Stock that shall be issuable will, upon issue, be duly authorized,
validly issued, fully-paid, non-assessable and freely-tradable (if eligible). If the amount of shares on reserve in Holder’s
name at the Company’s transfer agent for this Note shall drop below the Required Reserve, the Company will, within 2 Trading
Days of notification from Holder, instruct the transfer agent to increase the number of shares so that the Required Reserve is
met. In the event that the Company does not instruct the transfer agent to increase the number of shares so that the Required Reserve
is met, the Holder will be allowed, if applicable, to provide this instruction as per the terms of the Irrevocable Transfer Agent
Instructions attached to this Note. The Company agrees that the maintenance of the Required Reserve is a material term of this
Note and any breach of this Section 2.00(e) will result in a default of the Note.


 






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(f) Conversion
Limitation. The Holder will not submit a conversion to the Company that would result in the Holder beneficially owning more
than 9.99% of the then total outstanding shares of the Company (“Restricted Ownership Percentage”).


 


(g) Conversion
Delays. If the Company fails to deliver shares in accordance with the timeframe stated in Section 2.00(c), the Holder, at any
time prior to selling all of those shares, may rescind any portion, in whole or in part, of that particular conversion attributable
to the unsold shares. The rescinded conversion amount will be returned to the Principal Sum with the rescinded conversion shares
returned to the Company, under the expectation that any returned conversion amounts will tack back to the Effective Date.


 


(h) Shorting
and Hedging. Holder may not engage in any “shorting” or “hedging” transaction(s) in the Common Stock
of the Company prior to conversion.


 


(i) Conversion
Right Unconditional. If the Holder shall provide a Conversion Notice as provided herein, the Company's obligations to deliver
Common Stock shall be absolute and unconditional, irrespective of any claim of setoff, counterclaim, recoupment, or alleged breach
by the Holder of any obligation to the Company.


 


Section 3.00Defaults
and Remedies.


 


(a) Events
of Default. An “Event of Default” is: (i) a default in payment of any amount due hereunder; (ii) a default
in the timely issuance of underlying shares upon and in accordance with terms of Section 2.00, which default continues for 2 Trading
Days after the Company has failed to issue shares or deliver stock certificates within the 3rd Trading Day following the Conversion
Date; (iii) if the Company does not issue the press release or file the Quarterly Report on Form 10-Q in each case in accordance
with the provisions and the deadlines referenced Section 5.00(j); (iv) failure by the Company for 3 days after notice has been
received by the Company to comply with any material provision of this Note; (iv) any representation or warranty of the Company
in this Note that is found to have been incorrect in any material respect when made, including, without limitation, the Exhibits;
(vi) failure of the Company to remain compliant with DTC, thus incurring a “chilled” status with DTC; (vii) any default
of any mortgage, indenture or instrument which may be issued, or by which there may be secured or evidenced any indebtedness, for
money borrowed by the Company or for money borrowed the repayment of which is guaranteed by the Company, whether such indebtedness
or guarantee now exists or shall be created hereafter; (viii) if the Company is subject to any Bankruptcy Event; (ix) any failure
of the Company to satisfy its “filing” obligations under Securities Exchange Act of 1934, as amended (the “1934
Act”) and the rules and guidelines issued by OTC Markets News Service, OTCMarkets.com and their affiliates; (x) failure
of the Company to remain in good standing under the laws of its state of domicile; (xi) any failure of the Company to provide the
Holder with information related to its corporate structure including, but not limited to, the number of authorized and outstanding
shares, public float, etc. within 1 Trading Day of request by Holder; (xii) failure by the Company to maintain the Required Reserve
in accordance with the terms of Section 2.00(e); (xiii) failure of Company’s Common Stock to maintain a closing bid price
in its Principal Market for more than 3 consecutive Trading Days; (xiv) any delisting from a Principal Market for any reason; (xv)
failure by Company to pay any of its transfer agent fees in excess of $2,000 or to maintain a transfer agent of record; (xvi) failure
by Company to notify Holder of a change in transfer agent within 24 hours of such change; (xvii) any trading suspension imposed
by the United States Securities and Exchange Commission (the “SEC”) under Sections 12(j) or 12(k) of the 1934
Act; (xviii) failure by the Company to meet all requirements necessary to satisfy the availability of Rule 144 to the Holder or
its assigns, including but not limited to the timely fulfillment of its filing requirements as a fully-reporting issuer registered
with the SEC, requirements for XBRL filings, and requirements for disclosure of financial statements on its website; or (xix)
failure of the Company to abide by the Use of Proceeds or failure of the Company to inform the Holder of a change in the Use of
Proceeds.


 






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(b) Remedies.
If an Event of Default occurs, the outstanding Principal Amount of this Note owing in respect thereof through the date of acceleration,
shall become, at the Holder's election, immediately due and payable in cash at the “Mandatory Default Amount”.
The Mandatory Default Amount means 25% of the outstanding Principal Amount of this Note will be automatically added to the Principal
Sum of the Note and tack back to the Effective Date for purposes of Rule 144. Commencing 5 days after the occurrence of any Event
of Default that results in the eventual acceleration of this Note, this Note shall accrue additional interest, in addition to the
Note’s “guaranteed” interest, at a rate equal to the lesser of 20% per annum or the maximum rate permitted under
applicable law. Finally, after the occurrence of an Event of Default that results in the eventual acceleration of this Note, an
additional 10% increase to the Conversion Price discount will go into effect. In connection with such acceleration described herein,
the Holder need not provide, and the Issuer hereby waives, any presentment, demand, protest or other notice of any kind, and the
Holder may immediately and without expiration of any grace period enforce any and all of its rights and remedies hereunder and
all other remedies available to it under applicable law. Such acceleration may be rescinded and annulled by the Holder at any time
prior to payment hereunder and the Holder shall have all rights as a holder of the note until such time, if any, as the Holder
receives full payment pursuant to this Section 3.00(b). No such rescission or annulment shall affect any subsequent event of default
or impair any right consequent thereon. Nothing herein shall limit the Holder's right to pursue any other remedies available to
it at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to
the Company’s failure to timely deliver certificates representing shares of Common Stock upon conversion of the Note as required
pursuant to the terms hereof.


 


Section 4.00 Representations and Warranties of Holder.


 


Holder hereby represents and warrants to
the Company that:


 


(a)Holder is an “accredited
investor,” as such term is defined in Regulation D of the Securities Act of 1933, as amended (the “1933 Act”),
and will acquire this Note and the Underlying Shares (collectively, the “Securities”) for its own account and
not with a view to a sale or distribution thereof as that term is used in Section 2(a)(11) of the 1933 Act, in a manner which would
require registration under the 1933 Act or any state securities laws. Holder has such knowledge and experience in financial and
business matters that such Holder is capable of evaluating the merits and risks of the Securities. Holder can bear the economic
risk of the Securities, has knowledge and experience in financial business matters and is capable of bearing and managing the risk
of investment in the Securities. Holder recognizes that the Securities have not been registered under the 1933 Act, nor under the
securities laws of any state and, therefore, cannot be resold unless the resale of the Securities is registered under the 1933
Act or unless an exemption from registration is available. Holder has carefully considered and has, to the extent Holder believes
such discussion necessary, discussed with its professional, legal, tax and financial advisors, the suitability of an investment
in the Securities for its particular tax and financial situation and its advisers, if such advisors were deemed necessary, and
has determined that the Securities are a suitable investment for it. Holder has not been offered the Securities by any form of
general solicitation or advertising, including, but not limited to, advertisements, articles, notices or other communications published
in any newspaper, magazine, or other similar media or television or radio broadcast or any seminar or meeting where, to Holders’
knowledge, those individuals that have attended have been invited by any such or similar means of general solicitation or advertising.
Holder has had an opportunity to ask questions of and receive satisfactory answers from the Company, or any person or persons acting
on behalf of the Company, concerning the terms and conditions of the Securities and the Company, and all such questions have been
answered to the full satisfaction of Holder. The Company has not supplied Holder any information regarding the Securities or an
investment in the Securities other than as contained in this Agreement, and Holder is relying on its own investigation and evaluation
of the Company and the Securities and not on any other information.


 






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(b)The Holder is a limited liability
company duly organized, validly existing and in good standing under the laws of the state of its incorporation and has all requisite
corporate power and authority to carry on its business as now conducted. The Holder is duly qualified to transact business and
is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on its business
or properties.


 


(c)All limited liability company
action has been taken on the part of the Holder, its officers, directors, managers and members necessary for the authorization,
execution and delivery of this Note. The Holder has taken all limited liability company action required to make all of the obligations
of the Holder reflected in the provisions of this Note, valid and enforceable obligations.


 


(d)Each certificate or instrument
representing Securities will be endorsed with the following legend (or a substantially similar legend), unless or until registered
under the 1933 Act or exempt from registration:


 


THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS
THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES, THE TRANSFER IS MADE IN COMPLIANCE WITH RULE
144 PROMULGATED UNDER SUCH ACT OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THESE SECURITIES WHICH IS REASONABLY
SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND
PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT.


 






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Section 5.00General.


 


(a)  Payment
of Expenses. The Company agrees to pay all reasonable charges and expenses, including attorneys' fees and expenses, which may
be incurred by the Holder in successfully enforcing this Note and/or collecting any amount due under this Note.


 


(b)  Assignment,
Etc. The Holder may assign or transfer this Note to any transferee at its sole discretion. This Note shall be binding upon
the Company and its successors and shall inure to the benefit of the Holder and its successors and permitted assigns.


 


(c) Amendments.
This Note may not be modified or amended, or any of the provisions of this Note waived, except by written agreement of the Company
and the Holder.


 


(d) Funding
Window. The Company agrees that it will not enter into a convertible debt financing transaction, including 3(a)(9) and 3(a)(10)
transactions, with any party other than the Holder for a period of 30 Trading Days following the Effective Date. The Company agrees
that this is a material term of this Note and any breach of this will result in a default of the Note.


 


(e) Piggyback
Registration Rights. The Company shall include on the next registration statement that the Company files with the SEC (or on
the subsequent registration statement if such registration statement is withdrawn) all shares issuable upon conversion of this
Note. Failure to do so will result in liquidated damages of 30% of the outstanding Principal Sum of this Note, but not less than
$20,000, being immediately due and payable to the Holder at its election in the form of a cash payment or an addition to the Principal
Sum of this Note.


 


(f) Terms
of Future Financings. So long as this Note is outstanding, upon any issuance by the Company or any of its subsidiaries of any
convertible debt security (whether such debt begins with a convertible feature or such feature is added at a later date) with any
term more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly
provided to the Holder in this Note, then the Company shall notify the Holder of such additional or more favorable term and such
term, at the Holder's option, shall become a part of this Note and its supporting documentation.. The types of terms contained
in the other security that may be more favorable to the holder of such security include, but are not limited to, terms addressing
conversion discounts, terms addressing maturity, conversion look back periods, interest rates, original issue discount percentages
and warrant coverage.


 


(g) Governing
Law; Jurisdiction.


 


(i)
Governing Law. This Note will be governed by, and construed and interpreted in accordance with, the laws of the state
of California without regard to any conflicts of laws or provisions thereof that would otherwise require the application of the
law of any other jurisdiction.


 


(ii) Jurisdiction
and Venue. Any dispute, claim, suit, action or other legal proceeding arising out of or relating to this Note or the rights
and obligations of each of the parties shall be brought only in the state courts of California or in the federal courts of the
United States of America located in San Diego County, California.


 






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(iii) No
Jury Trial. The Company hereto knowingly and voluntarily waives any and all rights it may have to a trial by jury with respect
to any litigation based on, or arising out of, under, or in connection with, this Note.


 


(iv) Delivery
of Process by the Holder to the Company. In the event of an action or proceeding by the Holder against the Company, and only
by the Holder against the Company, service of copies of summons and/or complaint and/or any other process that may be served in
any such action or proceeding may be made by the Holder via U.S. Mail, overnight delivery service such as FedEx or UPS, email,
fax, or process server, or by mailing or otherwise delivering a copy of such process to the Company at its last known attorney
as set forth in its most recent SEC filing.


 


(v) Notices.
Any notice required or permitted hereunder (including Conversion Notices) must be in writing and either personally served, sent
by facsimile or email transmission, or sent by overnight courier. Notices will be deemed effectively delivered at the time of transmission
if by facsimile or email, and if by overnight courier the business day after such notice is deposited with the courier service
for delivery.


 


(h) No
Bad Actor. No officer or director of the Company would be disqualified under Rule 506(d) of the Securities Act of 1933, as
amended, on the basis of being a “bad actor” as that term is established in the September 13, 2013 Small Entity Compliance
Guide published by the SEC.


 


(i) Usury.
If it shall be found that any interest or other amount deemed interest due hereunder violates any applicable law governing usury,
the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate of interest permitted under
applicable law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage
of any law that would prohibit or forgive the Company from paying all or a portion of the principal, fees, liquidated damages or
interest on this Note.


 


(j) Securities
Laws Disclosure; Publicity. The Company shall file a Quarterly Report on Form 10-Q for period ending September 30, 2019, including
a copy of this Note as an exhibit thereto, with the SEC within the time required by the 1934 Act. From and after the filing of
such Form 10-Q, the Company represents to the Holder that it shall have publicly disclosed all material, non-public information
delivered to the Holder by the Company, or any of its officers, directors, employees, or agents in connection with the transactions
contemplated by this Note. The Company and the Holder shall consult with each other in issuing any other press releases with respect
to the transactions contemplated hereby, and neither the Company nor the Holder shall issue any such press release nor otherwise
make any such public statement without the prior consent of the Company, with respect to any press release of the Holder, or without
the prior consent of the Holder, with respect to any press release of the Company, none of which consents shall be unreasonably
withheld, delayed, denied, or conditioned except if such disclosure is required by law, in which case the disclosing party shall
promptly provide the other party with prior notice of such public statement or communication. Notwithstanding the foregoing, the
Company shall not publicly disclose the name of the Holder, or include the name of the Holder in any filing with the SEC or any
regulatory agency or Principal Market, without the prior written consent of the Holder, except to the extent such disclosure is
required by law or Principal Market regulations, in which case the Company shall provide the Holder with prior notice of such disclosure
permitted hereunder.


 






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The Company agrees that this is a material
term of this Note and any breach of this Section 5.00(j) will result in a default of the Note.


 


(k) Attempted
Below-par Issuance. In the event that the Holder delivers a Conversion Notice to the Company and, if as of such date, (i) the
Conversion Price would be less than par value of the Company’s Common Stock and (ii) within three business days of the delivery
of the Conversion Notice, the Company shall not have reduced its par value such that all of the requested conversion transaction
may then be accomplished, then the Company and the Holder shall utilize the following conversion protocol for Par Value Adjustment.
The Holder shall transmit to the Company: (X) a “preliminary” Conversion Notice for the full number of shares of Common
Stock that would be issued at the Conversion Price without regard to any below-par value conversion issues; followed by (Y) a “par
value” Conversion Notice for the number of shares of Common Stock with the Conversion Price increased from the “preliminary”
Conversion Price to a Conversion Price at par value; and, finally, (Z) a “liquidated damages” Conversion Notice for
that number of shares of Common Stock that represents the difference between the “preliminary” Conversion Notice full
number of shares and the “par value” Conversion Notice limited number of shares. The Conversion Price of such “liquidated
damages Common Shares” would be the par value of the Common Stock. Accordingly, through this protocol, the Company would
issue, in two transactions, an amount of shares of its Common Stock equivalent to the full number of shares of Common Stock that
would have been issued in accordance with the “preliminary” Conversion Notice without regard to any below-par value
conversion issues. In the event that the Holder is precluded from exercising any or all of its conversion rights hereunder as a
result of a proposed “below par” conversion, the Company agrees that, in lieu of actual damages for such failure, liquidated
damages may be assessed and recovered by the Holder without being required to present any evidence of the amount or character of
actual damages sustained by reason thereof. The amount of such liquidated damages shall be an amount equivalent to the trading
price utilized in the “preliminary” Conversion Notice multiplied by the number of shares calculated on the “liquidated
damages” Conversion Notice. Such amount shall be assessed and become immediately due and payable to the Holder (at its election)
in the form of a (i) cash payment, (ii) an addition to the Principal Sum of this Note, or (iii) the immediate issuance of that
number of shares of Common Stock as calculated on the “liquidated damages” Conversion Notice. Such liquidated damages
are intended to represent estimated actual damages and are not intended to be a penalty, but, by virtue of their genesis and subject
to the election of the Holder (as set forth in the immediately preceding sentence), will be automatically added to the Principal
Sum of the Note and tack back to the Effective Date for purposes of Rule 144, as the Company’s failure to maintain the par
value of its Common Stock at an amount that would not result in a “below par” conversion failure is equivalent to a
default as of the Issuance Date of the Note.


 


[Signature Page to Follow.]


 







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IN WITNESS WHEREOF, the Company has caused this Convertible Promissory Note to be duly executed on
the day and in the year first above written.


 


	 	HEALTHLYNKED CORP.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	Email:	                
	 	Address:


 


This Convertible Promissory Note of October 1, 2019 is accepted
this ___ day of _________, 2019 by


 


	ICONIC HOLDINGS, LLC	 
	 	 	 
	By:	 	 
	 	Name:	 
		Title: Manager	 


 


 


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