Exhibit 10.4


 








PLEDGE AGREEMENT


PLEDGE AGREEMENT
(this "Agreement"), dated as of April __, 2018, made by [_____________] (referred to herein as the "Pledgor"),
in favor of Carebourn Capital, L.P., with an address at 8700 Black Oaks Lane N., Maple Grove, MN 55311 ("Pledgee").


WHEREAS:


A. On
or around April __, 2018, Newmarkt, Corp., a Nevada corporation (the “Company”) issued [___] shares of its common stock,
par value $0.001 per share to Pledgor (the “Common Stock” or “Pledged Shares”);


B. The
Pledgor still owns all right, interest, and title to the Pledged Shares, and has not sold, assigned, transferred, or otherwise
conveyed any interest in any of the Pledged Shares.


C. There
are currently 25,797,500 shares of Common Stock issued and outstanding, consisting of, in part, the Pledged Shares, and accordingly.


D. Pledgee
has agreed to loan certain monies to the Company, pursuant to that certain convertible promissory note, in the principal amount
of $____________.00 (the “Note”), which was issued to the Pledgee by the Company on or around the date of this Agreement;
and


E. Pledgor
will materially benefit by the transactions contemplated by the Note; and


F. It
is a condition precedent to the loan that Pledgor shall have executed and delivered to Pledgee a pledge agreement providing for
the pledge to the Pledgee of, and the grant to the Pledgee of a security interest in, all of the Pledged Shares.


NOW, THEREFORE, in
consideration of the premises and the agreements herein contained and in order to induce the Pledgee to make the loan described
above, the Pledgor hereby agrees with the Pledgee as follows:


SECTION 1. Definitions.
All terms used in this Agreement which are defined in the Note, Article 8 or Article 9 of the Uniform Commercial Code (the "UCC")
currently in effect in the State of Nevada and which are not otherwise defined herein shall have the same meanings herein as set
forth therein; provided, that terms used herein which are defined in the UCC as in effect in the State of Nevada on the date hereof
shall continue to have the same meaning notwithstanding any replacement or amendment of such statute.


SECTION 2. Pledge
and Grant of Security Interest. As collateral security for all of the Obligations (as defined in Section 3 hereof), the Pledgor
hereby pledges and assigns to Pledgee, and grants to Pledgee a continuing security interest in, the Pledgor's right, title and
interest in and to the Pledged Shares, the certificates representing such Pledged Shares, all options and other rights, contractual
or otherwise, in respect thereof and all dividends, distributions, cash, instruments, investment property and other property (including
but not limited to, any stock dividend and any distribution in connection with a stock split) from time to time received, receivable
or otherwise distributed in respect of or in exchange for any or all of the Pledged Shares (collectively, the "Pledged
Collateral").


SECTION 3. Security
for Obligations. The security interest created hereby in the Pledged Collateral constitutes continuing collateral security
for all of the obligations under the Note and related transaction documents (the "Obligations"), whether now existing
or hereafter incurred, including but not limited to the following:


 


SECTION 4. Delivery of
the Pledged Collateral.


(a) Pledgee
shall hold the Pledged Shares for its benefit and Pledgor further agrees to execute such other documents and to take such other
actions as Pledgee deems reasonably necessary or desirable to create and perfect the security interests intended to be created
hereunder, including, without limitation, duly executed undated stock powers endorsed in blank, with medallion guarantee(s), to
effect the foregoing and to permit Pledgee to exercise any of its rights and remedies hereunder.


(b) If
Pledgor shall receive, by virtue of its being or having been an owner of any Pledged Collateral, any (i) stock certificate (including,
without limitation, any certificate representing a stock dividend or distribution in connection with any increase or reduction
of capital, reclassification, merger, consolidation, sale of assets, combination of shares, stock split, spin-off or split-off),
promissory note or other instrument, (ii) option or right, whether as an addition to, substitution for, or in exchange for, any
Pledged Collateral, or otherwise, (iii) dividends or interest payable in cash or in securities or other property, (iv) dividends,
interest and other distributions paid or payable other than in cash in respect of, and instruments and other property received,
receivable or otherwise distributed in respect of or in exchange for, any Pledged Collateral, (v) dividends or other distributions
in connection with a partial or total liquidation or dissolution or in connection with a reduction of capital, capital surplus
or paid-in surplus, or (vi) cash paid, payable or otherwise distributed in redemption of, or in exchange for, any Pledged Collateral,
such stock certificate, promissory note, instrument, option, right, property, payment or distribution constituting Pledged Collateral
shall be, and shall forthwith be delivered to Pledgee to hold as, Pledged Collateral and shall be received in trust for the benefit
of the Pledgee, shall be segregated from Pledgor's other property and shall be delivered forthwith to Pledgee in the exact form
received, with any necessary endorsement and/or appropriate stock powers duly executed in blank, to be held by the Pledgee as Pledged
Collateral and as further collateral security for the Obligations.


(c) If
an event occurs that entitles the Pledgee to exercise its rights under this Agreement and acquire the Pledged Shares, then Pledgee
shall have the right to acquire such Pledged Collateral, at the sole election of the Pledgee, upon not less than 61 days’
prior notice to the Pledgor.


SECTION 5. Representations
and Warranties. The Pledgor represents and warrants as follows:


(a) The
execution, delivery and performance by the Pledgor of this Agreement and the exercise by Pledgee of any of its rights and remedies
in accordance with the terms of this Agreement and applicable securities law will not contravene any law or any contractual restriction
binding on or affecting the Pledgor or any of its properties and do not and will not result in or require the creation of any lien
upon or with respect to any of its properties other than pursuant to this Agreement.


(b) The
Pledgor is and will be at all times the beneficial owner of the Pledged Collateral free and clear of any lien or option except
for the security interest created by this Agreement.


(c) No
authorization or approval or other action by, and no notice to or filing with, any governmental authority or other regulatory body
is required for the grant by the Pledgor, or the perfection, of the security interest purported to be created hereby in the Pledged
Collateral or the exercise by Pledgee of any of its rights and remedies hereunder, except as may be required in connection with
any sale of any Pledged Collateral by laws affecting the offering and sale of securities generally, including the foreclosure procedures
sanctioned under the interpretations of the securities laws.


(d) This
Agreement creates a valid security interest in favor of the Pledgee in the Pledged Collateral, as security for the Obligations.
Such security interest is, or in the case of Pledged Collateral in which the Pledgor obtains rights after the date hereof, will
be, a perfected, first priority security interest. All action necessary to perfect and protect such security interest has been
duly taken, except for Pledgee's having possession of security certificates constituting Pledged Collateral after the date hereof
and obtaining control of uncertificated securities and security entitlements constituting Pledged Collateral after the date hereof.


SECTION 6. Covenants
as to the Pledged Collateral. So long as any of the Obligations shall remain outstanding and/or until the Note is satisfied
in its entirety, the Pledgor shall, unless Pledgee shall otherwise consent in writing:


(a) keep
adequate records concerning the Pledged Collateral and permit Pledgee or any agents or representatives of Pledgee at any reasonable
time and from time to time to examine and make copies of and abstracts from such records;


(b) at
its expense, promptly deliver to Pledgee a copy of each notice or other communication received by it in respect of the Pledged
Collateral;


(c) at
its expense, defend Pledgee's right, title and security interest in and to the Pledged Collateral against the claims of any person
or entity;


(d) at
its expense, at any time and from time to time, promptly execute and deliver all further instruments and documents and take all
further action that may be necessary or desirable or that Pledgee may reasonably request in order to (i) perfect and protect the
security interest purported to be created hereby, or (ii) enable Pledgee to exercise and enforce its rights and remedies hereunder
in respect of the Pledged Collateral;


(e) not
sell, assign (by operation of law or otherwise), transfer, exchange or otherwise dispose of any Pledged Collateral or any interest
therein;


(f) not
create or suffer to exist any lien upon or with respect to any Pledged Collateral except for the security interest created hereby;


(g) not
make or consent to any amendment or other modification or waiver with respect to any Pledged Collateral or enter into any agreement
or permit to exist any restriction with respect to any Pledged Collateral other than pursuant hereto;


(h) not
take or fail to take any action which would in any manner impair the value or enforceability of Pledgee's security interest in
any Pledged Collateral (including but not limited to taking any action that would result in the Pledgor to no longer be the Chairman
of the Board of Directors of the Company.


SECTION 7. Voting
Rights, Etc. in Respect of the Pledged Collateral.


(a) So
long as no Event of Default or event which, with the giving of notice or lapse of time or both, would constitute an Event of Default,
shall have occurred and be continuing:


(i) the
Pledgor may exercise any and all voting and other consensual rights pertaining to any Pledged Collateral for any purpose not inconsistent
with the terms of the Note; and


(ii) Pledgee
will execute and deliver (or cause to be executed and delivered) to the Pledgor all such proxies and other instruments as Pledgor
may reasonably request for the purpose of enabling Pledgor to exercise the voting and other rights which it is entitled to exercise
pursuant to paragraph Section 7(a)(i) hereof.


(b) Upon
the occurrence and during the continuance of an Event of Default or an event which, with the giving of notice or the lapse of time
or both, would constitute an Event of Default:


(i) all
rights of the Pledgor to exercise the voting and other consensual rights which it would otherwise be entitled to exercise pursuant
to Section 7(a)(i) hereof shall cease, and additionally, upon not less than 61 days’ prior notice to the Pledgor by Pledgee,
all such rights shall thereupon become vested in the Pledgee, which shall thereupon have the sole right to exercise such voting
and other consensual rights; and


(ii) without
limiting the generality of the foregoing, Pledgee may, at its option upon not less than 61 days’ prior notice to the Pledgor
by Pledgee, exercise any and all rights of conversion, exchange, subscription or any other rights, privileges or options pertaining
to any Pledged Collateral as if it were the absolute owner thereof, including, without limitation, the right to exchange, in its
discretion, any and all of such Pledged Collateral upon the merger, consolidation, reorganization, recapitalization or other adjustment
of the Company, or upon the exercise of any right, privilege or option pertaining to any Pledged Collateral, and, in connection
therewith, to deposit and deliver any and all of the Pledged Collateral with any committee, depository, transfer agent, registrar
or other designated agent upon such terms and conditions as it may determine, subject to the beneficial ownership limitations contained
herein.


SECTION 8. Additional
Provisions Concerning the Pledged Collateral.


(a) The
Pledgor hereby authorizes Pledgee to file, without the signature of the Pledgor where permitted by law, one or more financing or
continuation statements, and amendments thereto, relating to the Pledged Collateral.


(b) The
Pledgor hereby irrevocably appoints Pledgee as the Pledgor's attorney-in-fact and proxy, with full authority, exercisable only
during the existence of an Event of Default, in the place and stead of the Pledgor and in the name of the Pledgor or otherwise,
from time to time in Pledgee's discretion, to take any action and to execute any instrument which Pledgee may deem necessary or
advisable to accomplish the purposes of this Agreement (subject to the rights of the Pledgor under Section 7(a) hereof), including,
without limitation, to receive, endorse and collect all instruments made payable to the Pledgor representing any dividend or other
distribution in respect of any of Pledgee's Pledged Collateral and to give full discharge for the same. This power is coupled with
an interest and is irrevocable until all of the Obligations are satisfied in full.


(c) If
the Pledgor fails to perform any agreement or obligation contained herein, Pledgee itself may perform, or cause performance of,
such agreement or obligation with respect to Pledged Collateral, and the expenses of Pledgee incurred in connection therewith shall
be payable by the Pledgor pursuant to Section 10 hereof and shall be secured by the Pledged Collateral.


(d) So
long as any of the Obligations shall remain outstanding, the Company shall not issue any shares of its preferred stock or designate
any other series of preferred stock unless the Pledgee has provided written consent in a signed writing.


SECTION 9. Remedies
Upon Default. If any Event of Default shall have occurred and be continuing, in the event the proceeds of any such sale, collection
or realization are insufficient to pay all amounts to which the applicable Pledgee is legally entitled, the Pledgor shall be liable
for the deficiency, together with interest thereon at the highest rate specified in the Note for interest on overdue principal
thereof or such other rate as shall be fixed by applicable law, together with the costs of collection and the reasonable fees of
any attorneys employed by Pledgee to collect such deficiency.


SECTION 10. Indemnity
and Expenses.


(a) The
Pledgor agrees to indemnify and hold harmless Pledgee and all of its stockholders, partners, members, officers, directors, employees
and direct or indirect investors and any of the foregoing persons' agents or other representatives (including, without limitation,
those retained in connection with the transactions contemplated by this Agreement) from and against any and all third-party claims,
damages, losses, liabilities, obligations, penalties, costs and expenses (including, without limitation, reasonable attorney's
fees and disbursements) to the extent that they arise out of or otherwise result from this Agreement (including, without limitation,
enforcement of this Agreement), except, as to any such indemnified person or entity, claims, losses or liabilities resulting solely
and directly from such person or entity's gross negligence or willful misconduct as determined by a final judgment of a court of
competent jurisdiction and except to the extent that such claims, losses or liabilities result from failure of such indemnified
person or entities to comply with the securities laws.


(b) The
Pledgor will pay to Pledgee upon demand the amount of any and all costs and expenses, including the fees and disbursements of Pledgee's
counsel and of any experts and agents, which Pledgee may incur in connection with (i) the custody, preservation, use or operation
of, or the sale of, collection from, or other realization upon, any of Pledged Collateral, (ii) the exercise or enforcement of
any of the rights of Pledgee hereunder or (iii) the failure by Pledgor to perform or observe any of the provisions hereof.


SECTION 11. Notices.
Whenever notice is required to be given under this Agreement, unless otherwise provided herein, such notice shall be given in accordance
with the terms of the Note.


 


SECTION 12. Security Interest
Absolute. To the extent permitted by law, all rights of Pledgee and the Pledgor hereunder shall be absolute and unconditional
irrespective of: (i) any lack of validity or enforceability of any ancillary agreement or any other agreement or instrument relating
thereto, (ii) any change in the time, manner or place of payment of, or in any other term in respect of, all or any of the Obligations,
or any other amendment or waiver of or consent to any departure from any guaranty, for all or any of the Obligations, or (iii)
any other circumstance which might otherwise constitute a defense available to, or a discharge of, the Pledgor in respect of the
Obligations. All authorizations and agencies contained herein with respect to any of the Pledged Collateral are irrevocable and
powers coupled with an interest.


 


SECTION 13. Miscellaneous.


(a) No
amendment of any provision of this Agreement shall be effective unless it is in writing and signed by the Pledgor and Pledgee,
and no waiver of any provision of this Agreement, and no consent to any departure by the Pledgor therefrom, shall be effective
unless it is in writing and signed by Pledgee, and then such waiver or consent shall be effective only in the specific instance
and for the specific purpose for which given.


(b) No
failure on the part of Pledgee to exercise, and no delay in exercising, any right hereunder or under any ancillary agreement shall
operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise
thereof or the exercise of any other right. The rights and remedies of the Pledgee provided herein and in the ancillary agreements
are cumulative and are in addition to, and not exclusive of, any rights or remedies provided by law. The rights of the Pledgee
under any ancillary agreement against any party thereto are not conditional or contingent on any attempt by Pledgee to exercise
any of its rights under any other document against such party or against any other person or entity.


(c) Any
provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or thereof or affecting
the validity or enforceability of such provision in any other jurisdiction.


(d) This
Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until
the satisfaction in full or release of the Obligations and (ii) be binding on the Pledgor and its successors and assigns and shall
inure, together with all rights and remedies of the Pledgee hereunder, to the benefit of the Pledgee and its successors, transferees
and assigns; provided that no such transfer or assignment shall be valid if it is in violation of applicable securities laws. Without
limiting the generality of clause (ii) of the immediately preceding sentence, subject to compliance with the applicable securities
laws and applicable provisions of the ancillary agreements, Pledgee may assign or otherwise transfer all or any portion of the
Note, and its rights under the ancillary agreements, to any other person or entity, and such other person or entity shall thereupon
become vested with all of the benefits in respect thereof granted to Pledgee herein or otherwise unless such benefit is unavailable
due to the status of such transferee or otherwise under applicable law. Upon any such permitted assignment or transfer, all references
in this Agreement to Pledgee shall mean the assignee of Pledgee. None of the rights or obligations of the Pledgor hereunder may
be assigned or otherwise transferred without the prior written consent of Pledgee.


(e) Upon
the satisfaction in full of the Obligations, (i) this Agreement and the security interest created hereby shall terminate and all
rights to the Pledged Collateral, if any shall be remaining, shall revert to the Pledgor, and (ii) the Pledgee will, upon the Pledgor's
request and at the Pledgor's expense, (A) return to the Pledgor such of the Pledged Collateral as shall not have been sold or otherwise
disposed of, dealt with or applied pursuant to the terms hereof and of the ancillary agreements and (B) execute and deliver to
the Pledgor, without recourse, representation or warranty, such documents as the Pledgor shall reasonably request to evidence such
termination.


(f) All
questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed
and enforced in accordance with the internal laws of the State of Nevada, without regard to the principles of conflicts of law
thereof. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the Hennepin
County, Minnesota, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated
hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper. Each
party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding
by mailing a copy thereof to such party at the address in effect for notices to it under this Agreement and agrees that such service
shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in
any way any right to serve process in any manner permitted by law. Each party hereto hereby irrevocably waives, to the fullest
extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this
Agreement or the transactions contemplated hereby. If either party shall commence a Proceeding to enforce any provisions of this
Agreement, then the prevailing party in such Proceeding shall be reimbursed by the other party for its attorneys’ fees and
other costs and expenses incurred with the investigation, preparation and prosecution of such proceeding.


(g) Pledgor
has entered into this Agreement with the advice of its own legal counsel. Accordingly, the normal rule of construction to the effect
that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement.





SECTION 14. Representations
and Warranties of Company.


 


(a) The
obligations of the Company under the Note are secured by the Pledged Shares, pursuant to this Agreement. Until the Note is
satisfied in full, pursuant to the terms of the Note, the Pledgor shall not be able to transfer or otherwise dispose of any
of the Pledged Shares, and the Company shall not effectuate any such transfer or disposition. Until the Note is satisfied in
full, pursuant to the terms of the Note, unless signed written consent is obtained by the Pledgee, the Company shall not (i)
issue any shares of preferred stock, (ii) effectuate any reverse split with respect to the Common Stock, and (iii) take any
action that would cause the Pledgor to no longer be the Chairman of the Board of Directors of the Company.


 


 


[Signature
page to follow]




    	 



    	 



    




IN WITNESS WHEREOF,
the Pledgor has caused this Agreement to be executed and delivered by its officer thereunto duly authorized, as of the date first
above written. 


 


CAREBOURN CAPITAL, L.P.





 


By: ________________________________


Name: Chip Rice


Title: Managing Member


 


 


ACCEPTED AND AGREED:


 


 


Newmarkt, Corp.


 





 


By: _______________________________


Name: Michael Chermak


Title: Chief Executive Officer