Document:

Exhibit 10.4

CONVERTIBLE
PROMISSORY NOTE

 

US$400,000.00Reddick, Florida

March 4, 2014

FOR VALUE RECEIVED, ACOLOGY, INC.,
a Florida corporation formerly named “Pinecrest Investments Group, Inc.” (the “Maker”),
hereby promises to pay to the order of Richard S. Astrom (the “Payee”), on the Maturity Date (as that
term is hereinafter defined) at 11415 NW 123rd Lane, Reddick, FL 32686, in accordance with the terms herein set forth, the principal
amount of FOUR HUNDRED THOUSAND AND NO/100 DOLLARS (US$400,000.00), together with accrued and unpaid interest thereon. As
used herein, the term “Maturity Date” shall mean the date which is one (1) year after the date hereof.

This Convertible Promissory Note is
issued by Maker (a) in consideration of (i) the surrender to Maker of 35,000,000 shares of the common stock of the Maker, (ii)
the extinguishment of all indebtedness of Maker to Payee on the date hereof, including, without limitation, the indebtedness of
$151,269 recorded on the balance sheet contained in the balance sheet of Maker as at December 31, 2009, and (iii) Payee’s
agreement to indemnify Maker from and hold it harmless against all other indebtedness that would be set forth in the financial
statements of Maker prepared as of the Closing Date under and as defined in that certain Agreement and Plan of Merger, dated
as of December 24, 2013, by and among Maker, PNCR, ACQUISITION, LLC, a California limited liability company, and
D&C DISTRIBUTORS, LLC, a California limited liability company, which is referred to herein as “D&C”
(the “Merger Agreement”), and (b) in satisfaction of the condition precedent set forth in Section 5.3(l) of the
Merger Agreement. The merger to be consummated pursuant to the Merger Agreement is referred to herein as the “Merger.”

1.     
Interest. This Convertible Promissory Note shall bear interest at the rate of
twenty-eight hundredths of one percent (0.28%) per annum [to be the Applicable Federal Rate for 1-year loans when this Convertible
Promissory Note is signed] unless and until the occurrence of an Event of Default (as defined below) occurs. After an Event of
default, this Convertible Promissory Note shall bear interest at a floating rate of interest which shall be ten (10) percentage
points over the rate of interest announced from time to time by Citibank, N.A. as the rate of interest that it charges to its most
creditworthy commercial customers. Interest shall be computed on the basis of a 360-day year of twelve 30-day months and shall
accrue and be payable on the Maturity Date. Interest shall be compounded annually after an Event of Default, but shall not be compounded
prior thereto.

2.     
Maturity. The full principal amount of this Convertible Promissory Note, together
with accrued interest thereon, shall be due on the Maturity Date.

3.     
Payment. Payment under this Convertible Promissory Note shall be in lawful money
of the United States and in immediately available funds in accordance with the written instructions of Payee. In the absence of
such instructions, Maker shall make the payment by check timely delivered to Payee at its address set forth above.

    	 

    	 

    

4.     
 Prepayment. The principal amount of this Convertible Promissory Note and any
accrued and unpaid interest thereon may be prepaid, in whole or in part, by Maker without penalty or premium. Partial prepayments
shall be applied first to accrued and unpaid interest and then to principal. Such prepayment may be made at any time without notice,
provided, however, that in the event that Payee shall have the right to convert
any portion of the principal amount of this Convertible Promissory Note as provided in Section 9, Maker shall give the Payee ten
(10) days’ notice of any such prepayment and, during such 10-day period, Payee’s
rights in respect of conversion shall be unaffected by the giving of such notice.

5.     
Covenants. 

a.      
Restriction on Major Transactions. The Surviving Corporation (as that term is
defined in the Merger Agreement)) or any other person or entity in which it directly or indirectly controls (each such person or
entity being a “Subsidiary”) without the prior written consent of Payee, to agree to or consummate a
merger, consolidation, business combination, tender offer, exchange of shares, recapitalization, reorganization, redemption or
other similar event or to transfer any of its property or assets outside the ordinary course of business.

b.     
Conduct of Business; Ownership of Shares and Interests in Subsidiaries. Maker
will conduct its business and operations, other than financing operations, through one or more wholly owned Subsidiaries. Maker
will not sell, transfer, mortgage, pledge or otherwise dispose of any shares or interests in any Subsidiary, nor will it permit
any Subsidiary to transfer, mortgage, pledge or otherwise dispose of any shares or interests in a Subsidiary held by it. Maker
represents and warrants that it does not own any interest in a person or entity that is not a Subsidiary.

c.      
Filing of Reports under the Exchange Act; No Termination of Exchange Act Registration.
After such time as Maker becomes subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of
1934 and for as long as this Convertible Promissory Note is outstanding, Maker (i) will timely file all reports and other materials
required to be filed by Section 13 of the Securities Exchange Act of 1934, other than Current Reports on Form 8-K, and (ii) will
take such measures as are required to it to remain subject to such reporting requirements, including, without limitation, registering
its Common Stock under Section 12(b) or (g) of said Act. After any conversion under Section 9 of this Convertible Promissory Note
and for as long as the Payee holds any of the shares of Common Stock issued upon such conversion, Maker shall give immediate notice
only by personal delivery or e-mail to the Payee upon becoming aware of Maker’s failure
to comply with the covenant set forth in this subsection (d).

d.     
No Registration Statement. Maker shall not file any registration statement under
the Securities Act of 1933 until one year after the date on which the Payee shall first have converted any portion of this Convertible
Promissory Note into shares of Common Stock pursuant to Section 9, provided that Maker may comply with its obligations
under any agreement under which it is obligated to register shares of its Common Stock issued in the Private Placement, as that
term is defined in the Merger Agreement. 

6.     
Waiver of Demand, Etc. Payee waives demand, presentment, protest and notice
of any kind and consents to the extension of time for payments or other indulgence with respect to this Convertible Promissory
Note, all without notice.

    	 

    	 

    

7.     
 Remedies. If an Event of Default occurs and is continuing, Payee may, by written
notice given to Maker, declare the principal of and accrued interest on this Convertible Promissory Note to be due and payable
immediately; provided, however, that upon the occurrence of any Event of Default described in Section 8(c), the principal
of and accrued interest on this Convertible Promissory Note shall automatically become due and payable immediately without the
requirement notice or any other action on the part of Payee. In the event that any action is commenced by Payee to enforce his
rights under this Convertible Promissory Note and Payee prevails in such action, Maker shall reimburse Payee for Payee’s
costs and expenses, including, without limitation, reasonable legal fees, incurred in connection therewith. Maker acknowledges
that in the event that if it were to contravene any of the covenants of Maker set forth in Section 5, Payee would be irreparably
harmed and that Payee would have no adequate remedy at law.

8.     
Events of Default. The term “Event of Default” means
the occurrence of any one or more of the following: 

(a) Maker shall
fail to make full payment of principal or interest on the Maturity Date, and such failure shall continue unremedied for a period
of five (5) days after written notice from Payee;

(b) Maker shall
fail to comply with any of its other obligations under this Convertible Promissory Note, other than its obligations under Section
5, and such default shall continue unremedied for a period of fifteen (15) days after written notice from Payee, provided,
however, that in the event that such default cannot with diligence be cured within said period, Payee shall have such period
as is reasonable to cure such default;

(c) Maker or any
Subsidiary: (i) shall commence a voluntary case under any Bankruptcy Law (as hereinafter defined); (ii) shall become subject
to an involuntary case under any Bankruptcy Law which is not withdrawn, discharged or stayed within sixty (60) days after the commencement
thereof; (iii) shall consent to the appointment of a Custodian (as hereinafter defined) for a substantial portion of its property;
(iv) shall become subject to the appointment of a Custodian for a substantial portion of its property, which appointment is not
withdrawn, discharged or stayed within sixty (60) days after the appointment thereof; or (v) makes a general assignment for the
benefit of its creditors; or

(d) Maker shall
contravene any of its covenants set forth in Section 5 hereof or in Section 5 of the Pledge Agreement referred to in Section 11
hereof.

(e) Maker or D&C
shall fail to comply with any covenant made by it in Section 6.4 of the Merger Agreement;

(f) D&C shall
fail to comply with its covenant set forth in the latter sentence of Section 2.9 of the Merger Agreement;

(g) The Merger Sub
Operating Agreement (as defined in the Merger Agreement), in the exact form as it shall exist at the Effective Time, shall fail,
without the prior written consent of the holder of this Promissory Note, to be the operating agreement of D&C.

The term “Bankruptcy Law”
means Title 7, Title 11 or Title 13, of the United States Code or any similar federal or state law for the relief of debtors and
the term “Custodian” means any re

    	 

    	 

    

ceiver, trustee, assignee, liquidator
or similar official acting, appointed or empowered under any Bankruptcy Law.

9.Conversion.

(a)Conversion.
Upon the occurrence of the Event of Default set forth in Section 8(a), the Payee shall have the right, at his option, to convert,
subject to the terms and provisions of this Section 9, all or any portion of the unpaid principal amount of this Convertible Promissory
Note and the interest accrued thereon (the sum of such unpaid principal amount and such accrued interest as it shall exist from
time to time being the “Convertible Amount”) into the number of fully paid and nonassessable shares of
the common stock, par value $0.000001 per share (“Common Stock”) as shall be equal to the portion of
the Convertible Amount that the Payee desires to convert divided by the Conversion Price (as that term is hereinafter defined)
then in effect, by delivery of this Convertible Promissory Note to the Maker at its address for notice; provided, however,
that Payee shall make no conversion for less than the portion of the Convertible Amount equal to the amount of accrued
interest then owing; and provided, further, that Maker shall not issue any fractional shares in connection with any
conversion pursuant to this Section 9, but shall round up any fractional share to the next highest share. In the event that the
Payee shall exercise his option to convert this Convertible Promissory Note with respect to less than the entire Convertible Amount
then existing, Maker shall issue to the Payee a new convertible promissory note (the “Reissued Note”),
duly executed by Maker, identical with this Convertible Promissory Note, except that (i) the principal amount of the Reissued
Note shall be equal to the portion of the Convertible Amount Note that has not been so converted, (ii) the Reissued Note shall
be dated as of the Conversion Date (as that term is hereinafter defined). The Conversion Price (as that term is hereinafter defined)
for the Reissued Note shall be the same as that for this Convertible Promissory Note, except that any change in the Conversion
Price that would be applicable to this Convertible Promissory Note if it had not been so replaced shall be given effect in determining
the Conversion Price for the Reissued Note. The shares deliverable upon any such conversion are referred to as the “Conversion
Shares”.

(b)Delivery
of Stock Certificates; Time Conversion Effective; No Adjustment for Interest or Dividends. As promptly as practicable
after the surrender (as herein provided) of this Convertible Promissory Note for conversion, Maker shall deliver or cause to be
delivered to or upon the written order of the Payee, certificates representing the number of fully paid and nonassessable Conversion
Shares into which all or a portion of the Convertible Amount shall have been converted. Subject to the following provisions of
this Subsection (b), such conversion shall be deemed to have been made at the close of business on the date on which this Convertible
Promissory Note shall have been surrendered for conversion as provided in Subsection (a) of this Section 9 (the “Conversion
Date”), so that the rights of the Payee under this Convertible Promissory Note as such (only to the extent that the
Convertible Amount is converted) shall cease at such time and the person or persons entitled to receive the Conversion Shares upon
such conversion shall be treated for all purposes as having become the record holder or holders of such Conversion Shares at such
time; provided, however, that no such surrender on any date when the stock transfer books of Maker shall be closed
shall be effective to constitute the person or persons entitled to receive Conversion Shares upon such conversion as the record
holder or holders of such Conversion Shares on such date, but such surrender shall be effective to constitute the person or persons
entitled to receive such Conversion Shares as the record holder or holders

    	 

    	 

    

thereof for all purposes at the close
of business on the next succeeding day on which such stock transfer books are open or Maker is required to effect such conversion.

If the day for
the exercise of the conversion right shall not be a business day at the palace where notice of conversion is to be given, then
such conversion right will be deemed to be exercised on the next succeeding day which is a Business Day.

No adjustments
in respect of interest or cash dividends shall be made upon conversion of this Convertible Promissory Note.

(c)Conversion
Price. The conversion price for this Convertible Promissory Note (the “Conversion Price”) shall
be fifty percent (50%) of the Current Market Price. As used in the previous sentence, the term “Current Market Price”
shall mean the average of the daily closing price for a share of Common Stock for the three (3) consecutive trading days ending
on the trading day immediately prior to the day on which this Convertible Promissory Note is delivered for conversion pursuant
to Subsection (a) of this Section 9. A trading day shall be any day on which the Common Stock is able to be traded on an organized
securities market or trading system in the United States of America, whether or not the Common Stock actually is traded on such
day. The closing price for each day shall be the last reported sales price, or, in case no reported sale takes place on such day,
the average of the closing bid and asked prices, regular way, in either case, as quoted on the principal United States market for
the Common Stock, as determined by the Board of Directors of the Corporation or if, in the judgment of the Board of Directors of
the Corporation, there exists no principal United States market for the Common Stock, then as determined by the Board of Directors
of the Corporation.

(d)Adjustment
of Conversion Price. The Conversion Price shall be subject to adjustment as follows:

(i)             
In case Maker shall, after the date of this Convertible Promissory Note, (A) pay a stock dividend
or make a distribution in shares of its capital stock (whether shares of its Common Stock or of capital stock of any other class),
(B) subdivide its outstanding shares of Common Stock, (C) combine its outstanding shares of Common Stock into a smaller number
of shares, or (D) issue by reclassification of its shares of Common Stock any shares of capital stock of Maker, the Conversion
Price in effect immediately prior to such action shall be adjusted so that the holder of this Convertible Promissory Note thereafter
surrendered for conversion shall be entitled to receive an equivalent number of shares of its Common Stock or capital stock of
any other class which it would have owned immediately following such action had this Convertible Promissory Note been converted
immediately prior thereto. Any adjustment made pursuant to this Subsection (i) shall become effective immediately after the record
date in the case of a dividend or distribution and shall become effective immediately after the effective date in the case of a
subdivision, combination or reclassification. 

(ii)           
In case Maker,
after the date hereof, shall issue rights, warrants or options entitling the recipients thereof to subscribe for or purchase shares
of Common Stock (or securities convertible into Common Stock) at a price per share less than the Conversion Price for this Convertible
Promissory Note then in effect, the Conversion Price in effect immediately prior thereto shall be adjusted so that it shall equal
the price determined by multiplying the Conversion Price in effect

    	 

    	 

    

for
immediately prior to the date of issuance of such rights, warrants or options by a fraction of which the numerator shall be the
number of shares of Common Stock outstanding on the date of issuance of such rights, warrants or options (immediately prior to
such issuance), plus the number of shares of Common Stock which the aggregate offering price of the total number of shares of Common
Stock so offered for subscription or purchase (or the aggregate conversion price of the convertible securities so offered to subscription
or purchase) would purchase at the Conversion Price then in effect, and of which the denominator shall be the number of shares
of Common Stock outstanding on the date of issuance of such rights, warrants or options (immediately prior to such issuance) plus
the number of additional shares of Common Stock so offered for subscription or purchase (or into which the convertible securities
so offered for subscription or purchase are convertible). Such adjustment shall be made successively whenever any such rights,
warrants or options are issued. In determining whether any rights, warrants or options entitle the holder of this Convertible Promissory
Note to subscribe for or purchase shares of Common Stock (or securities convertible into Common Stock) at less than the Conversion
Price then in effect and in determining the aggregate offering price of such shares of Common Stock (or conversion price of such
convertible securities), there shall be taken into account any consideration received by Maker for such rights, warrants or options
(and for such convertible securities), the value of such consideration, if other than cash, to be determined in good faith by the
Board of Directors of Maker (which determination shall be conclusive). If at the end of the period during which such warrants,
rights or options are exercisable not all of such warrants, rights or options shall have been exercised, the adjusted Conversion
Price shall be immediately readjusted to the Conversion Price which would have been in effect based on the number of additional
shares of Common Stock actually issued (or the number of shares of Common Stock actually issuable) upon conversion of the convertible
securities. 

(iii)         
In case Maker, after the date of this Convertible Promissory Note,
shall distribute to all holders of its outstanding Common Stock any shares of capital stock (other than Common Stock), evidences
of its indebtedness or assets (including securities and cash, but excluding any cash dividend paid out of current or retained earnings
of Maker and dividends or distributions payable in stock for which adjustment is made pursuant to Subsection (i) of this Section
9(d) or rights, warrants or options to subscribe for or purchase securities of Maker (excluding those referred to in Subsection
(ii) of this Section 9(d), then in each such case, the Conversion Price shall be adjusted so that the same shall equal the price
determined by multiplying the Conversion Price in effect immediately prior to the record date of such distribution by a fraction
of which the numerator shall be the Conversion Price for this Convertible Promissory Note then in effect less the fair market value
on such record date (as determined in good faith by the Board of Directors of Maker, which determination shall be conclusive) of
the portion of the capital stock or the evidences of indebtedness or the assets so distributed to the holder of one share of Common
Stock or of such subscription rights, warrants or options applicable to one share of Common Stock and of which the denominator
shall be the Conversion Price then in effect. Such adjustment shall become effective immediately after the record date for the
determination of stockholders entitled to receive such distribution. If at the end of the period during which warrants, rights
or options described in this Subsection (iii) are exercisable not all such warrants, rights or options shall have been exercised,
the adjusted Conversion Price shall be immediately readjusted to what it would have been based on the number of warrants, rights
or options actually exercised.

    	 

    	 

    

(iv)         
 Notwithstanding anything in subsection (ii) or (iii) of this Section 9(d) to the contrary,
with respect to any rights, warrants or options covered by Subsection (ii) or (iii) of this Section 9(d), if such rights, warrants
or options are exercisable only upon the occurrence of specified events, then for purposes
of this Section 9(d), such rights, warrants or options shall not be deemed issued or distributed, and any adjustment to the Conversion
Price required by subsection (ii) or (iii) of this Section 9(d) shall not be made until such events occur and such rights, warrants
or options become exercisable.

(v)           
In case Maker, after the date of this Convertible Promissory Note,
shall issue shares of Common Stock (excluding those rights, warrants, options, shares of capital stock or evidences of its indebtedness
or assets referred to in subsection (ii) or (iii) of this Section 9(d)) at a net price per share less than the Conversion Price
on the date that Maker fixes the offering price of such additional shares, the Conversion Price shall be reduced immediately thereafter
so that it shall equal the price determined by multiplying such Conversion Price in effect immediately prior thereto by a fraction
of which the numerator shall be the number of shares of Common Stock outstanding immediately prior to the issuance of such additional
shares plus the number of shares of Common Stock which the aggregate offering price of the
total number of shares of Common Stock so offered would purchase at the Conversion Price then in effect and the denominator shall
be the number of shares of Common Stock that would be outstanding immediately after the issuance of such additional shares. Such
adjustment shall be made successively whenever such an issuance is made. This Subsection (v) shall not apply to Common Stock issued
pursuant to an incentive stock option, as that term is defined in Section 422(b) of the Internal Revenue Code of 1986.

(vi)         
In any case in which this Section 9(d) shall require that an adjustment
be made immediately following a record date or an effective date, Maker may elect to defer (but only until five Business Days following
the mailing by Maker to the Payee of the certificate required by subsection (viii) of this Section 9(d), issuing to the holder
of this Convertible Promissory Note converted after such record date or effective date the shares of Common Stock issuable upon
such conversion over and above the shares of Common Stock issuable upon such conversion on the basis of the Conversion Price prior
to adjustment.

(vii)       
No adjustment in the Conversion Price of this Convertible Promissory Note shall be required
to be made unless such adjustment would require an increase or decrease of at least one percent (1%) in such price; provided,
however, that any adjustments which by reason of this Subsection (vii) are not required to be made shall be carried forward
and taken into account in any subsequent adjustment. All calculations under this Section 9(d) shall be made to the nearest one
hundredth of one cent.

(viii)     
Whenever the Conversion Price is adjusted as provided in this Section 9, Maker will promptly
mail to the holder of this Convertible Promissory Note a certificate of Maker’s Treasurer or Chief Financial Officer setting
forth the Conversion Price as so adjusted and a brief statement of facts accounting for such adjustment.

(e)Consolidation
or Merger. If Maker shall at any time consolidate or merge with or into another corporation, (i) Maker shall give
at least five (5) days’ prior written notice to the Payee of such consolidation or merger and the terms thereof and (ii)
the Payee shall thereafter be entitled to receive, upon the conversion thereof, the securities or property to which a holder of
the number of

    	 

    	 

    

Conversion
Shares then deliverable upon the conversion thereof would have been entitled upon such consolidation or merger. Maker shall take
such steps in connection with such consolidation or merger as may be necessary to assure such holder that the provisions of this
Agreement shall thereafter be applicable, as nearly as reasonably may be in relation to any securities or property thereafter deliverable
upon the conversion of this Convertible Promissory Note including, but not limited to, obtaining a written acknowledgement from
the continuing corporation or other appropriate corporation of its obligation to supply such securities or property upon such conversion.
The sale of all or substantially all of the assets of Maker shall be deemed a consolidation or merger for the foregoing purposes.

(f)Taxes
on Conversion. The issuance of certificates representing for Conversion
Shares upon the conversion of this Convertible Promissory Note shall be made without charge to the Payee for any issue or stamp
tax in respect of the issuance of such certificates, and such certificates shall be issued in the respective names of, or in such
names as may be directed by, the holder of this Convertible Promissory Note; provided, however, that Maker shall
not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such
certificate in a name other than that of the Payee and Maker shall not be required to issue or deliver such certificates unless
or until the person or persons requesting the issuance thereof shall have paid to Maker the amount of such tax or shall have established
to the satisfaction of Maker that such tax has been paid.

10. 
Usury. In no event whatsoever shall the amount of interest paid or agreed to
be paid to Payee exceed the maximum amount permissible under applicable law. If Payee shall receive as interest, an amount which
would exceed the highest lawful rate, the amount which would be excessive interest shall be applied to the reduction of the principal
amount outstanding under this Convertible Promissory Note (without prepayment premium or penalty).

11. 
Assignment, Amendment, Etc. This Convertible Promissory Note may be assigned,
transferred, sold or pledged by Payee without the prior written consent of Maker. This Convertible Promissory Note shall be binding
upon Maker and its successors and assigns and shall inure to the benefit of Payee and Payee’s heirs, executors, administrators
and permitted assigns. If any term of this Convertible Promissory Note shall be held invalid, illegal or unenforceable, the validity
of all other terms and provisions hereof shall in no way be affected thereby. This Convertible Promissory Note may not be changed,
modified or terminated orally, but only by an agreement in writing, signed by the party to be charged therewith. No delay, failure
or omission by Payee or any subsequent holder in respect of the exercise of any right or remedy granted hereunder or allowed by
law to Payee or other holder shall constitute a waiver of the right to exercise the same at any future time or in the same or other
circumstances.

12. 
Governing Law; Submission to Jurisdiction; Waiver of Jury Trial. This Convertible
Promissory Note shall be governed by and construed in accordance with the laws of the State of Florida without giving effect to
the principles of conflicts of law. Maker by the execution of this Convertible Promissory Note and Payee by acceptance hereof:

		a.	irrevocably consents and submit to the jurisdiction of the Courts
of the State of Florida and waives any objection based on venue or forum non conveniens with respect to any action instituted therein
arising under this Convertible Promissory Note or the

    	 

    	 

    

transactions related hereto,
in each case whether now existing or hereafter arising, and whether in contract, tort, equity or otherwise, and agrees that any
dispute arising out of the relationship between Maker and Payee or the conduct of such persons in connection with this Convertible
Promissory Note or otherwise shall be heard only in the courts described above; and

b.     
WAIVES TO THE FULL EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL
BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS CONVERTIBLE PROMISSORY
NOTE.

13. 
Notices. Any notice, request or other communication required or permitted hereunder
shall be in writing and shall be deemed to have been duly given if personally delivered, mailed by registered or certified mail,
postage prepaid, or emailed (solely in the case of the notice required by Section 5(d)) to the person to whom it is directed at
its address specified below, or such other address as such person may hereinafter specify by notice:

If to Maker, at:

Until the Closing, at:After the Closing, at:

11415 NW 123rd Lane912
Maertin
Lane

Reddick, FL 32686Fullerton,
CA 92831

If to Payee, at
his address written above, or, in the event of notice given pursuant to Section 5(d), r_astrom@me.com. Any notice given by email
shall be confirmed by notice given by another of the methods for giving notice set forth above.

14. 
Unenforceability. If one or more provisions of this Convertible Promissory Note
are held to be unenforceable under applicable law, such provisions shall be excluded from this Convertible Promissory Note, and
the balance of this Convertible Promissory Note shall be interpreted as if such provisions were so excluded and shall be enforceable
in accordance with its terms.

15. 
Pledge Agreement. The obligations of Maker under this Convertible Promissory
Note are secured by a Pledge Agreement, of even date herewith, by and between Payee and Maker.

16. 
Section Titles. The section titles in this Convertible Promissory Note have
been inserted for reference only and shall not be deemed to be part hereof.

IN WITNESS WHEREOF, Maker has
executed this Convertible Promissory Note as of the date first above written.

ACOLOGY,
INC.

 

By: /s/
Richard S. Astrom

Richard
S. Astrom

Chief
Executive OfficerExhibit
10.5 

PLEDGE
AGREEMENT

THIS
PLEDGE AGREEMENT, dated March 4, 2014, by and between ACOLOGY, INC. (formerly PINECREST INVESTMENTS GROUP, INC.),
a Florida corporation (the “Pledgor”), and RICHARD S. ASTROM (the “Secured Party”),

W I
T N E S S E T H:

WHEREAS,
the Pledgor is indebted to the Secured Party under that certain Convertible Promissory Note in the principal amount of $400,000.00,
of even date herewith (as the same may be amended, supplemented, waived or otherwise modified from time to time, the “Convertible
Promissory Note”), made by the Pledgor in favor of the Secured Party; and

WHEREAS,
the parties have agreed that the Convertible Promissory Note is to be secured by this Pledge Agreement; and;

WHEREAS,
the Pledgor is the legal and beneficial owner of the Units (as hereinafter defined) that are pledged hereunder; and

WHEREAS,
the Pledgor has executed and delivered this Agreement in satisfaction of the condition precedent set forth in Section 5.3(l)
of that certain Agreement and Plan of Merger, dated
as of December 24, 2013 (the “Merger Agreement”), entered into by and among Pledgor, PNCR,
ACQUISITION, LLC, a California limited liability company and the wholly-owned subsidiary of Pledgor (“PALLC”),
and D&C DISTRIBUTORS, LLC, a California limited liability company (“D&C”).

NOW,
THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which
the Pledgor hereby acknowledges, the Pledgor hereby agrees with the Secured Party as follows:

1.Defined
Terms.

(a)               
Unless otherwise defined herein, terms defined in the Convertible Promissory Note are used herein as defined therein.

(b)              
The following terms shall have the following meanings:

“Additional
Units”: as defined in Section 5(a).

“Agreement”:
this Pledge Agreement, as the same may be amended, supplemented, waived or otherwise modified from time to time.

“Applicable
Law”: all laws, rules and regulations applicable to the Person, conduct, transaction or covenant in question, including
all applicable common law and equitable principles; all provisions of all applicable state, federal and foreign constitutions,
statutes, rules, regulations and orders of governmental bodies; and all orders, judgments and decrees of all courts and arbitrators.

“Code”:
the Uniform Commercial Code (or any successor statute) as adopted and in force in the State of Florida or, when the laws of any
other state govern the method or manner of the perfection or enforcement of any security interest in any of the Collateral, the
Uniform Commercial Code (or any successor statute) of such state.

“Collateral”:
all of Pledgor’s right, title and interest in and to the Units and all Proceeds thereof.

    	 

    	 

    

“Equity
Interest”: the interest of (i) a shareholder in a corporation, (ii) a partner (whether general or limited) in a
partnership (whether general, limited or limited liability), (iii) a member in a limited liability company, or (iv) any other
Person having any other form of equity security or ownership interest.

“Issuer”:
PALLC and, after consummation of the merger of the Issuer into D&C pursuant to the Merger Agreement the Surviving Entity.

“Lien”:
any interest in Property securing an obligation owed to, or a claim by, a Person other than the owner of the Property, whether
such interest is based on common law, statute or contract. The term “Lien” shall also include reservations, exceptions,
encroachments, easements, rights-of-way, covenants, conditions, restrictions, leases and other title exceptions and encumbrances
affecting Property. For the purpose of this Agreement, each Person shall be deemed to be the owner of any Property which it has
acquired or holds subject to a conditional sale agreement or other arrangement pursuant to which title to the Property has been
retained by or vested in another Person for security purposes. In no event shall the term “Lien” be deemed to include
any license of Intellectual Property unless such license contains a grant of a security interest in such Intellectual Property.

“Material
Adverse Effect”: the effect of any event or condition which, alone or when taken together with other events or conditions
occurring or existing concurrently therewith, (i) has a material adverse effect upon the business, operations, Properties or condition
(financial or otherwise) of the Pledgor; (ii) has or may be reasonably expected to have any material adverse effect whatsoever
upon the validity or enforceability of this Agreement or the Convertible Promissory Note; (iii) has any material adverse effect
upon the value of the whole or any material part of the Collateral, the Lien under this Agreement or the priority of any such
Liens; (iv) materially impairs the ability of the Pledgor to perform its Convertible Promissory Note under this Agreement or the
Convertible Promissory Note, including repayment of any of the Convertible Promissory Note when due; or (v) materially impairs
the ability of the Secured Party to enforce or collect the Convertible Promissory Note or realize upon the Collateral in accordance
with the this Agreement, the Convertible Promissory Note and Applicable Law.

“Merger”
means the merger of PALLC with and into D&C pursuant to the Merger Agreement.

“Operating
Agreement” means the Operating Agreement, dated December 17, of PALLC, which, under the provisions of the Merger
Agreement, will become the operating agreement of the Surviving Entity.

“Person”:
an individual, partnership, corporation, limited liability company, limited liability partnership, joint stock company, land trust,
business trust, or unincorporated organization, or a government or agency or political subdivision thereof.

“Property”:
any interest in any kind of property or asset, whether real, personal or mixed, and whether tangible or intangible.

“Proceeds”:
all “proceeds,” as such term is defined in Section 679.1021(1)(lll) of the Uniform Commercial Code of Florida, and,
which in any event shall include, without

    	 

    	 

    

limitation,
all dividends or other income from the Units, collections thereon or distributions with respect thereto.

“Securities
Act”: the Securities Act of 1933, as amended.

“Surviving
Entity” means the entity surviving in the merger of PALLC with and into D&C pursuant to the Merger Agreement.

“Units”:
10,000 LLC Units of the Issuer heretofore issued to the Pledgor in certificated form, together with all certificates, options
or similar rights of any nature whatsoever or any investment property (as defined in the Code) in the Issuer, in each case that
may be issued to or held by the Pledgor while this Agreement is in effect, including Additional Units.

(c)                 
The words “hereof,” “herein” and “hereunder” and words of similar import when used
in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement and section and
paragraph references are to this Agreement unless otherwise specified.

(d)              
The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

2.                 
Pledge; Grant of Security Interest. The Pledgor hereby pledges to the
Secured Party a security interest in the Collateral, as collateral security for the prompt and complete payment and performance
when due (whether at the stated maturity, by acceleration or otherwise) of the obligations of the Pledgor under the Convertible
Promissory Note, and hereby agrees that it will deliver or cause to be delivered to the Secured Party, all certificates representing
the Units simultaneously with the execution and delivery of this Agreement and will deliver or cause to be delivered to the Secured
Party certificates representing all Additional Units forthwith upon their delivery to Pledgor.

3.                 
Instruments of Transfer. Concurrently with the delivery to the Secured
Party of each certificate representing any Units or Additional Units pursuant to paragraph 2 above, the Pledgor shall deliver
an instrument of transfer containing the information prescribed by Section 13.2 of the Operating Agreement undated stock power
or other instrument of transfer covering such certificate, duly signed by Pledgor with such signature guaranteed as prescribed
by said Section 13.2.

4.                 
Representations and Warranties. The Pledgor represents and warrants
that:

(a)            
The Units constitute all of the issued and outstanding Equity Interest of the Issuer on the date hereof.

(b)            
The Units have been (or, with respect to Additional Units, when pledged to the Secured Party, will be) duly and validly
issued and are (or, with respect to Additional Units, when pledged to the Secured Party, will be) fully paid and nonassessable.

(c)            
The Pledgor is (or, with respect to Additional Units, when pledged to the Secured Party, will be) the record and beneficial
owner of, and has (or, with respect to Additional Units, when pledged to the Secured Party will have) good and marketable title
to, the Units, free of any and all Liens or options in favor of, or material adverse claims

    	 

    	 

    

on
any of the Units by, any other Person, except the security interest created by this Agreement and Liens arising by operation of
law.

(d)           
There is no restriction under the Operating Agreement or any contract upon the voting rights or upon the transfer of any
of the Collateral for which the consent from the applicable party has not been obtained previously.

(e)            
The Pledgor has the right to vote, pledge and grant a security interest in or otherwise transfer the Collateral without
the consent of any other party that has not been obtained previously and free of any Liens (other than Liens, if any, permitted
under the Convertible Promissory Note), and without any restriction under the certificate of incorporation and by-laws of the
Pledgor or Operating Agreement or any agreement among the Pledgor’s or the Issuer’s equity holders.

(f)             
This Agreement has been duly authorized, executed and delivered by the Pledgor and constitutes the legal, valid and binding
obligation of the Pledgor, enforceable against the Pledgor in accordance with its terms except as affected by bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally,
general equitable principles (whether considered in a proceeding in equity or at law) and any implied covenant of good faith and
fair dealing.

(g)            
The execution, delivery and performance by the Pledgor of this Agreement and the exercise by the Secured Party of its rights
and remedies hereunder do not and will not result in the violation of (i) the certificate of incorporation or by-laws of the Pledgor,
(ii) any agreement, indenture or instrument by which the Pledgor or the Issuer is bound to the extent that any such violation
could reasonably be expected to have a Material Adverse Effect or (iii) Applicable Law to which the Pledgor or the Issuer is subject
(except that the Pledgor makes no representation or warranty respecting Secured Party’s prospective compliance with any
federal or state laws or regulations governing the sale or exchange of securities).

(h)            
The Units are not now held or maintained in the form of a securities entitlement or credited to any securities account.

(i)              
The Units are now represented by one or more certificates.

(j)
Upon delivery to the Secured Party of the certificate or certificates representing the Units and the Additional Units, the security
interest created by this Agreement, assuming the continuing possession of said certificate or certificates representing the Units
and the Additional Units by the Secured Party, will constitute a valid and perfected first priority security interest in the Collateral
to the extent provided in the Code, enforceable in accordance with its terms against all creditors of the Pledgor and any Persons
purporting to purchase any Collateral from the Pledgor, except as affected by bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether
considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing; provided, however, that
the above representation and warranty does not apply to any Lien arising by operation of law and entitled to a priority over the
security interest created by this Agreement.

    	 

    	 

    

5.
Covenants. The Pledgor covenants and agrees with the Secured Party that, from and after the date of this Agreement
and thereafter until payment in full of the Convertible Promissory Note:

(a)            
If the Pledgor shall, as a result of its ownership of the Units, become entitled to receive or shall receive any certificate
(including, without limitation, any certificate representing a dividend payable in the form of an Equity Interest or a distribution
in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization),
option or similar rights, whether in addition to, in substitution of, as a conversion of, or in exchange for any Units, or otherwise
in respect thereof (collectively, the “Additional Units”), the Pledgor shall accept the same as the
agent of the Secured Party, hold the same in trust for the Secured Party and deliver the same forthwith to the Secured Party in
the exact form received, duly indorsed by the Pledgor to the Secured Party, together with an undated stock power covering such
certificate duly executed in blank by the Pledgor and with the signature guaranteed by a so-called “Medallion Guarantee”,
to be held by the Secured Party, subject to the terms hereof, as additional collateral security for the Convertible Promissory
Note. Any sums paid upon or in respect of the Units upon the liquidation or dissolution of the Issuer shall be paid over to the
Secured Party to be held by it hereunder as additional collateral security for the Convertible Promissory Note, and in case any
Property shall be distributed upon or with respect to the Units pursuant to the recapitalization or reclassification of the capital
of the Issuer or pursuant to the reorganization thereof, the Property so distributed shall be delivered to the Secured Party to
be held by it hereunder as additional collateral security for the Convertible Promissory Note. If any such sums of money or property
so paid or distributed in respect of the Units shall be received by the Pledgor, the Pledgor shall, until such money or property
is paid or delivered to the Secured Party, hold such money or property in trust for the Secured Party, segregated from other funds
of the Pledgor, as additional collateral security for the Convertible Promissory Note. Without limitation, the term “Additional
Units” shall include the units of D&C into which the Units shall be converted upon and by virtue of the consummation
of the merger contemplated by the Merger Agreement (the “Merger Units”).

(b)              
Without the prior written consent of the Secured Party, the Pledgor will not (i) vote to enable, or take any other action
to permit, the Issuer to issue any Equity Interests of any nature or to issue any other securities convertible into or granting
the right to purchase or exchange for any Equity Interests of any nature of the Issuer, to any Person other than the Pledgor,
sell, assign, transfer, exchange, or otherwise dispose of, or grant any option with respect to, the Collateral, or create, incur
or permit to exist any Lien or option in favor of, or any material adverse claim of any Person with respect to, any of the Collateral,
or any interest therein, except for the security interest created by this Agreement and Liens arising by operation of law or (ii)
permit the Issuer to amend the Operating Agreement.

(c)
The Pledgor shall defend the security interest created by this Agreement as a perfected security interest against claims and demands
of all Persons whomsoever. At any time and from time to time, upon the written request of the Secured Party, and at the sole expense
of the Pledgor, the Pledgor will promptly and duly execute and deliver such

    	 

    	 

    

further
instruments and documents and take such further actions as the Secured Party may reasonably request for the purposes of obtaining
or preserving the full benefits of this Agreement and of the rights and powers herein granted. In the event that an Event of Default
has occurred and is continuing, if any amount payable under or in connection with any of the Collateral shall be or become evidenced
by any instrument (including any promissory note) or chattel paper (in each case as defined in the Code), such instrument or chattel
paper shall be immediately delivered to the Secured Party, duly endorsed in a manner satisfactory to the Secured Party, to be
held as Collateral pursuant to this Agreement. Prior to such delivery, the Pledgor shall hold all such instruments and chattel
paper in trust for the Secured Party and shall not commingle any of the foregoing with any assets of the Pledgor.

(d)
The Pledgor shall pay, and save the Secured Party harmless from, any and all liabilities with respect to, or resulting from any
delay in paying, any and all stamp, excise, sales or other similar taxes which may be payable or determined to be payable with
respect to any of the Collateral or in connection with any of the transactions contemplated by this Agreement.

(e)
The Pledgor will cause the Surviving Entity, as that term is defined in the Merger Agreement, to deliver the certificate representing
the Merger Units directly to the Secured Party, against Secured Party’s surrender of the certificate representing the Units
to the Surviving Entity.

(f)
The Pledgor will cause the Surviving Entity to comply with instructions originated by Richard S. Astrom or his assignee with respect
to any of the Collateral that may now or hereafter consist of uncertificated securities within the meaning of Section 678.1021(1)(r)
of the Uniform Commercial Code of the State of Florida.

6.     
Cash Dividends; Voting Rights. Unless an Event of Default shall have
occurred and be continuing and the Secured Party shall have given notice to the Pledgor of the Secured Party’s intent to
exercise its corresponding rights pursuant to paragraph 7 below, the Pledgor shall be permitted to receive all cash dividends
paid or made in respect of the Units and to exercise, subject to its covenants herein and the provisions of the Operating Agreement,
all voting and other rights with respect to the Units; provided, however, that no vote shall be cast or right be exercised or
other action taken which would materially impair the Collateral or result in any violation of any covenant or other provision
of the Convertible Promissory Note or this Agreement.

7.     
Rights of the Secured Party. If an Event of Default shall occur and
be continuing and the Secured Party shall give notice to the Pledgor of its intent to exercise such rights, (i) the Secured Party
shall have the right to receive any and all cash dividends paid in respect of the Units and make application thereof to the Convertible
Promissory Note in such order as the Secured Party may determine and (ii) the Secured Party shall have the right to cause
all of the Units to be registered in the name of the Secured Party or its nominee, and the Secured Party or its nominee may thereafter
exercise (x) all voting and other rights pertaining to such Units at any meeting of Equity Holders of the Issuer or otherwise
and (y) any and all rights of conversion, exchange, subscription and any other rights, privileges or options pertaining to such
Units as if it were the absolute owner thereof (including, without limitation, the right to exchange at its discretion any and
all of the Units upon the merger, consolidation,

    	 

    	 

    

reorganization,
recapitalization or other fundamental change in the structure of the Issuer, or upon the exercise by the Pledgor or the Secured
Party of any right, privilege or option pertaining to such Units, and in connection therewith, the right to deposit and deliver
any and all of the Units with any committee, depositary, transfer agent, registrar or other designated agency upon such terms
and conditions as the Secured Party may determine), all without liability (other than for its gross negligence or willful misconduct)
except to account for Property actually received by it, but the Secured Party shall have no duty to the Pledgor to exercise any
such right, privilege or option and shall not be responsible for any failure to do so or delay in so doing; provided that the
Secured Party shall not exercise any voting or other consensual rights pertaining to the Units in any way that would constitute
an exercise of the remedies described in paragraph 8 other than in accordance with such paragraph.

8.     
Remedies. If an Event of Default shall occur and be continuing, the
Secured Party may exercise all rights and remedies of a secured party under the Code, and, to the extent permitted by law, all
other rights and remedies granted in this Agreement and the Convertible Promissory Note. Without limiting the generality of the
foregoing, the Secured Party, without demand of performance or other demand, presentment, protest, advertisement or notice of
any kind (except any notice required by law referred to below) to or upon the Pledgor or any other Person (all and each of which
demands, defenses, advertisements and notices are hereby waived), may in such circumstances, to the extent permitted by law, forthwith
collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell, assign, give option
or options to purchase or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of the foregoing),
in one or more parcels at public or private sale or sales, at such place and upon such terms and conditions as it may deem advisable
and at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. The
Secured Party shall have the right, to the extent permitted by law, upon any such sale or sales, to purchase the whole or any
part of the Collateral so sold, free of any right or equity of redemption in the Pledgor, which right or equity the Pledgor hereby
waives and/or releases. The Secured Party shall apply any Proceeds from time to time held by it and the net proceeds of any such
collection, recovery, receipt, appropriation, realization or sale, after deducting all reasonable costs and expenses of every
kind incurred in respect thereof or incidental to the care or safekeeping of any of the Collateral or in any way relating to the
Collateral or the rights of the Secured Party hereunder, including, without limitation, reasonable attorneys’ fees and disbursements
of counsel to the Secured Party, to the payment in whole or in part of the Convertible Promissory Note, in such order as the Secured
Party may elect, and only after such application and after the payment by the Secured Party of any other amount required by any
provision of law, including, without limitation, Section 671.615(a) the Uniform Commercial Code of the State of Florida, need
the Secured Party account for the surplus, if any, to the Pledgor. To the extent permitted by applicable law, the Pledgor waives
all claims, damages and demands it may acquire against the Secured Party arising out of the repossession, retention or sale of
the Collateral, other than any such claims, damages and demands that may arise from the gross negligence or willful misconduct
of any of them. If any notice of a proposed sale or other disposition of Collateral shall be required by law, such notice shall
be deemed reasonable and proper if given at least 10 days before such sale or other disposition. The Pledgor shall remain liable
for any deficiency if the proceeds of any sale or other disposition of Collateral are insufficient to pay the Convertible Promissory
Note and the fees and disbursements of any attorneys employed by the Secured

    	 

    	 

    

Party
to collect such deficiency. Pledgor acknowledges that in the event that if it were to contravene any of its covenants set forth
in Section 5, Secured Party would be irreparably harmed and would have no adequate remedy at law.

9.                 
Registration Rights; Private Sales.

(a)
If the Secured Party shall determine to exercise its right to sell any or all of the Collateral which shall be Units or Additional
Units pursuant to paragraph 8 hereof, and if in the reasonable opinion of the Secured Party it is necessary or reasonably advisable
to have the Units or Additional Units, or the portion thereof to be sold, registered under the Securities Act, the Pledgor will
use its best efforts to cause the Issuer (i) to execute and deliver, and cause the directors and officers of the Issuer to execute
and deliver, all such instruments and documents, and do or cause to be done all such other acts as may be, in the reasonable opinion
of the Secured Party, necessary or reasonably advisable to register the Units or Additional Units to be sold, or that portion
thereof to be sold under the provisions of the Securities Act, (ii) to use its best efforts to cause the registration statement
relating thereto to become effective and to remain effective for a period of not more than one year from the date of the first
public offering of the Units or Additional Units, or the portion thereof to be sold, ending when all such Units are sold, and
(iii) to make all amendments thereto and/or to the related prospectus which, in the reasonable opinion of the Secured Party, are
necessary or reasonably advisable, all in conformity with the requirements of the Securities Act and the rules and regulations
of the United States Securities and Exchange Commission applicable thereto. If the Secured Party shall determine to exercise its
right to sell any or all of the Units or Additional Units pursuant to paragraph 8 hereof, and if in the reasonable opinion of
the Secured Party it is necessary or reasonably advisable to comply with the provisions of the securities or “Blue Sky”
laws of any jurisdiction, the Pledgor agrees to use its best efforts to cause each such Issuer to comply with the provisions of
the securities or “Blue Sky” laws of any and all jurisdictions which the Secured Party shall reasonably designate
and to make available to its security holders, as soon as practicable, an earnings statement (which need not be audited) which
will satisfy the provisions of Section 11(a) of the Securities Act.

(b)              
The Pledgor recognizes that the Secured Party may be unable to effect a public sale of any or all the Units or Additional
Units, by reason of certain prohibitions contained in the Securities Act and applicable state securities laws or otherwise, and
may be compelled to resort to one or more private sales thereof to a restricted group of purchasers which will be obliged to agree,
among other things, to acquire such securities for their own account for investment and not with a view to the distribution or
resale thereof. The Pledgor acknowledges and agrees that any such private sale may result in prices and other terms less favorable
than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall be deemed
to have been made in a commercially reasonable manner. The Secured Party shall be under no obligation to delay a sale of any of
the Units or Additional Units for the period of time necessary to permit the Issuer to register such securities for public sale
under the Securities Act, or under applicable state securities laws, even if the Issuer would agree to do so.

(c)               
Pledgor further agrees to use its best efforts to do or cause to be done all such other acts as may be necessary to make
such sale or sales of all or any portion of the

    	 

    	 

    

Units
or Additional Units pursuant to this paragraph 9 valid and binding and in compliance with any and all other applicable requirements
of law. The Pledgor further agrees that a breach of any of the covenants contained in this paragraph 9 will cause irreparable
injury to the Secured Party, that the Secured Party have no adequate remedy at law in respect of such breach and, as a consequence,
that each and every covenant contained in this Section shall be specifically enforceable against the Pledgor, and, to the extent
permitted by law, the Pledgor hereby waives and agrees not to assert any defenses against an action for specific performance of
such covenants, except for the defense that no Event of Default has occurred and is continuing under the Convertible Promissory
Note.

10.      
Irrevocable Authorization; Instruction to Issuer; Financing Statement.
The Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by it from the Secured Party in
writing that (a) states that an Event of Default has occurred and is continuing and (b) is otherwise in accordance with the terms
of this Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuer shall be
fully protected in so complying. Furthermore, in the event that any portion of the Collateral may now or hereafter consist of
uncertificated securities within the meaning of Section 678.1021(1)(r) of the Uniform Commercial Code of the State of Florida:

		(i)	the
                                         Pledgor irrevocably authorizes and instructs the Issuer to comply with any instruction
                                         received by it from the Secured Party with respect to such Collateral without any other
                                         or further instructions from or consent of the Pledgor, and the Pledgor agrees that the
                                         Issuer shall be fully protected in so complying; provided, however, that the Secured
                                         Party agrees that it will not issue or deliver any instructions to the Issuer except
                                         after the occurrence and during the continuation of an Event of Default; and

		(ii)	the
                                         Pledgor agrees to execute and deliver to Secured Party one or more financing statements
                                         (as that term is defined in the Code) in the form or forms prescribed by the Secured
                                         Party covering the portion of the Collateral that shall consist of such uncertificated
                                         securities, in order to perfect the security interest therein of the Secured Party under
                                         this Agreement, but nothing in this subsection (ii) shall affect the rights of the Secured
                                         Party under Section 13.

11.             
Secured Party’s Appointment as Attorney-in-Fact.

(a)            
The Pledgor hereby irrevocably constitutes and appoints the Secured Party, and if
the Secured Party be a corporation, any officer or Secured Party, with full power of substitution, as its true and lawful attorney-in-fact
with full irrevocable power and authority in the place and stead of the Pledgor and in the name of the Pledgor or in the Secured
Party’s own name, from time to time in the Secured Party’s discretion, in the event that an Event of Default has occurred
and is continuing, and to the extent permitted by law, to take any and all appropriate action and to execute any and all documents
and instruments which may be necessary or reasonably desirable to accomplish the purposes of this Agreement, including, without
limitation, any financing statements, endorsements, assignments or other instruments of transfer.

(b)              
The Pledgor hereby ratifies all that said attorneys shall lawfully do or cause to
be done pursuant to the power of attorney granted in this paragraph 11. All

    	 

    	 

    

powers,
authorizations and agencies contained in this Agreement with respect to the Collateral are powers coupled with an interest and
are irrevocable until payment in full of the Convertible Promissory Note.

12.             
Duty of Secured Party. The Secured Party’s sole duty with respect to the custody, safekeeping and physical
preservation of the Collateral in its possession, under Section 671.2071 of the Uniform Commercial Code of the State of Florida
or otherwise, shall be to deal with it in the same manner as the Secured Party deals with similar securities and property for
its own account. Neither the Secured Party nor, if the Secured Party be a corporation, any of its directors, officers, employees
or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or
shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of the Pledgor or any other Person
or to take any other action whatsoever with regard to the Collateral or any part thereof.

13.      
Authorization to File Financing Statements, Etc. Subject to any applicable law, the Pledgor authorizes the
Secured Party to file or record financing statements and other filing or recording documents or instruments with respect to the
Collateral without the further signature or consent of the Pledgor in such form and in such offices as the Secured Party determines
appropriate to perfect the security interest of the Secured Party under this Agreement.

14.      
Notices. All notices, requests and demands under this Agreement shall be given, and shall be deemed effective,
in accordance with the provisions of the Convertible Promissory Note. The Secured Party and the Pledgor may change its address
for notices by notice in the manner provided in the Convertible Promissory Note.

15.             
Release of Collateral and Termination. At such time as the Convertible Promissory Note has been paid in full,
the Collateral shall be released from the Lien created hereby, and this Agreement shall terminate, all without delivery of any
instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Pledgor. Upon request
of the Pledgor following any such termination, the Secured Party shall deliver (at the sole cost and expense of the Pledgor) to
the Pledgor any Collateral held by the Secured Party hereunder, and execute and deliver (at the sole cost and expense of the Pledgor)
to the Pledgor such documents as the Pledgor shall reasonably request to evidence such termination.

16.             
Severability. 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 provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction.

17.             
Amendments in Writing; No Waiver; Cumulative Remedies.

(a)
None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except by a written
instrument executed by the Pledgor and the Secured Party.

(b)     
The Secured Party shall not by any act (except by a written instrument signed by Secured
Party), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced
in any Event of Default or in any breach of any of the terms and conditions hereof. No failure to exercise, nor any delay in exercising,
on the part of the Secured Party, any right, power or privilege

    	 

    	 

    

hereunder
shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any
other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Secured Party of any
right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which the Secured Party would
otherwise have on any future occasion.

(c)               
The rights and remedies herein provided are cumulative, may be exercised singly or
concurrently and are not exclusive of any other rights or remedies provided by law.

18.
Section Headings. The section headings used in this Agreement are for convenience of reference only and are
not to affect the construction hereof or to be taken into consideration in the interpretation hereof.

19.             
Successors and Assigns. This Agreement shall be binding upon the successors and assigns of the Pledgor and
shall inure to the benefit of the Secured Party and its successors and assigns. 

20.             
Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF FLORIDA (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF). Each of the Parties hereby: 

		a.	irrevocably
                                         consents and submit to the jurisdiction of the Courts of the State of Florida and waives
                                         any objection based on venue or forum non conveniens with respect to any action instituted
                                         therein arising under this Agreement, in each case whether now existing or hereafter
                                         arising, and whether in contract, tort, equity or otherwise, and agrees that any dispute
                                         arising out of the relationship between the Parties or their conduct in connection with
                                         this Agreement or otherwise shall be heard only in the courts described above; and

		b.	WAIVES
                                         TO THE FULL EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY
                                         WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION
                                         WITH THIS AGREEMENT.

IN
WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed and delivered as of the date first above written.

ACOLOGY,
INC./s/ Richard S. AstromRichard S. Astrom

By:/s/
Richard S. Astrom

Richard
S. Astrom

Chief
Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00231-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00231-of-00352.parquet"}]]