Document:

<PAGE>
                                                        Exhibit 10.1

                             SECOND AMENDMENT

     THIS SECOND AMENDMENT (hereinafter referred to as the "Amendment")
is made this 7th day of November 2014, by and between CWCA SCOTT CREEK
28, L.L.C., a Delaware limited liability company ("Landlord"), and AEHR
TEST SYSTEMS, a California corporation ("Tenant").

                               WITNESSETH:

     WHEREAS, Landlord (formerly known as Walton CWCA Scott Creek 28,
L.L.C., successor in interest to Scott Creek Three Trust, a Maryland
real estate investment trust) and Tenant are party to that certain
Multi-Tenant Office Triple Net Lease, dated as of "July ___, 1999"
(sic) (the "Original Lease"), as amended by that certain First
Amendment, dated as of April 1, 2008 (the "First Amendment", and
collectively with the Original Lease, the "Lease", as may be further
amended or modified from time to time), pursuant to which Landlord
leases to Tenant certain premises consisting of approximately 51,289
rentable square feet with a common address of 400 Kato Terrace,
Fremont, California, as more particularly described in the Lease
(the "Premises") and located in the Project commonly known as Scott
Creek Business Park.

     WHEREAS, the Lease Term is scheduled to expire on June 30, 2015
and Landlord and Tenant desire to extend the existing Lease Term for an
additional thirty-six (36) full calendar months from such expiration
date and to amend the terms and conditions of the Lease as hereinafter
provided.

                                AGREEMENT:

     NOW, THEREFORE, in consideration of ten dollars ($10.00) and other
good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged by the parties, and the mutual covenants set
forth herein, the parties hereto agree as follows:

     1.  Extension of Lease Term. The Lease Term is hereby extended for
a period of thirty-six (36) full calendar months, commencing as of July
1, 2015 (the "Second Extension Date") and expiring on June 30, 2018
(the "Second Extended Termination Date") (which period is referred to
herein as the "Second Extended Term"), unless sooner terminated in
accordance with the terms of the Lease. From and after the date hereof,
the "Lease Term" shall be deemed to include the Second Extended Term.
Tenant's lease of the Premises during the Second Extended Term shall be
subject to all the terms and conditions of the Lease, except as
expressly modified herein, and except that Tenant shall not be entitled
to receive any allowances, abatements, or other financial concession
granted in connection with entering into the Lease unless such
concessions are expressly provided for herein with respect to the
Second Extended Term.

     2.  Base Rent Schedule. Effective as of the Second Extension Date,
the monthly Base Rent for the Premises payable by Tenant to Landlord
during the Second Extended Term is as follows:

<TABLE>
<CAPTION>

   From        To           Base Rent (per month)
---------   --------       ------------------------
<S>         <C>            <C>
7/1/2015    6/30/2016      $36,928.08
7/1/2016    6/30/2017      $38,035.92
7/1/2017    6/30/2018      $39,177.00

</TABLE>

     Except as otherwise set forth in this Amendment, all other terms and
conditions with respect to the payment of Base Rent, Building Direct
Expenses, or any other sums due and payable by Tenant under the Lease shall
remain as set forth thereunder.

     3.  AS-IS Condition. Tenant hereby acknowledges and agrees that it has
accepted the Premises as of the date hereof, and will continue to accept the
Premises as of the Second Extension Date, in AS-IS, WHERE-IS condition without
any representation or warranty of any kind made by Landlord in favor of
Tenant.

<PAGE>

     4.  Letter of Credit. Notwithstanding the third sentence of Section 3 of
the First Amendment to the contrary, Landlord and Tenant acknowledge and agree
that the terms of Section 3 of the First Amendment shall remain in effect
from and after the Second Extension Date.

     5.  Landlord's Notice Address. Landlord's address for notices set forth
in the Lease is hereby deleted in its entirety and is replaced with the
following:

      "CWCA Scott Creek 28, L.L.C.
      c/o IndCor Properties
      Two North Riverside Plaza, Suite 2350
      Chicago, IL 60606
      Attn: Lease Administration

      with a copy to:
      CWCA Scott Creek 28, L.L.C.
      c/o IndCor Properties
      7887 Belleview Ave., Suite 325
      Denver, CO 80111
      Attn: Charles Sullivan"

     6.  Wire Instructions/Addresses for Rent Payment. Notwithstanding
anything to the contrary contained in Article 3 of the Original Lease or
Section 8.1 of the First Amendment, the following are Landlord's wire
instructions and rent payment addresses:

     ACH/Wire Payments:
     Bank Name: JPMorgan Chase
     Bank Address: 277 Park Avenue, 22nd Floor, New York, NY 10172
     ABA #: ACHs - 071000013, Wires - 021000021
     Account #: 479562865
     Account Name: CWCA East Howell 59, L.L.C.

     US Mail:
     CWCA Scott Creek 28, L.L.C.
     P.O. Box 101257
     Pasadena, CA 91189-0005

     Overnight Mail:
     JPMorgan Chase
     2710 Media Center Drive
     Building #6, Suite #120
     Los Angeles, CA 90065
     Attn: CWCA Scott Creek 28, L.L.C.

     7.  Renewal Option. Section 7 of the First Amendment is hereby
deleted in its entirety. Notwithstanding anything to the contrary set
forth in the Lease, Tenant shall have one (1) option to further extend
the Lease Term (the "Renewal Option") on the following terms and
conditions.

      (a)  Provided that as of the date of the receipt of the Renewal
Notice (as hereinafter defined) by Landlord and the Renewal Commencement
Date (as hereinafter defined), (i) Tenant is the tenant originally
named herein, (ii) Tenant actually occupies all of the Premises
initially demised under this Amendment and any space added to the
Premises, and (iii) no default exists, or would exist but for the
passage of time or the giving of notice, or both, then Tenant shall
have the right to further extend the Lease Term for an additional
period of thirty-six (36) months (the "Renewal Term") commencing on the
day following the Second Extended Termination Date (the "Renewal
Commencement Date"). Tenant shall give Landlord written notice (the
"Renewal Notice") of its

                                    2

<PAGE>

election to extend the Lease Term in accordance with the terms hereof
at least one hundred eighty (180) days, but not more than two hundred
seventy (270) days, prior to the Second Extended Termination Date.

      (b)  The Base Rent payable by Tenant to Landlord during the
Renewal Term shall be the greater of (i) the Base Rent applicable to the
last month of the Second Extended Term, and (ii) the then-prevailing
market rate for comparable space in comparable buildings in the
vicinity of the Project taking into account the size of the lease, the
length of the renewal term, market escalations, and the credit of
Tenant. The Base Rent shall not be reduced by reason of any costs or
expenses saved by Landlord by reason of Landlord's not having to find a
new tenant for such premises (including, without limitation, brokerage
commissions, costs of improvements, rent concessions or lost rental
income during any vacancy period).

      (c)  Landlord shall notify Tenant of its determination of the
Base Rent for the Renewal Term, and Tenant shall advise Landlord in
writing of any objection to such determination of the Base Rent within
ten (10) days of receipt of Landlord's notice. Failure to respond within
the ten (10) day period shall constitute Tenant's rejection of such
Base Rent, Tenant's exercise of the Renewal Option shall be deemed to
be withdrawn, and the Lease shall expire or terminate in accordance with
its terms. If Tenant affirmatively objects in writing, Landlord and
Tenant shall commence negotiations to attempt to agree upon the Base
Rent for a period of up to fifteen (15) days after Landlord's receipt of
Tenant's objection notice. If (i) Tenant has rejected such Base Rent in
writing and (ii) the parties cannot agree after Tenant objects, each
acting in good faith but without any obligation to agree, on the Base
Rent on or before the end of such fifteen (15) day period, then
Tenant's exercise of the Renewal Option shall be deemed withdrawn and
the Lease shall expire or terminate in accordance with its terms.

      (d)  The determination of the Base Rent does not reduce the
Tenant's obligation to pay or reimburse Landlord for any additional
rent and any other reimbursable or chargeable items as set forth in the
Lease, and Tenant shall reimburse and pay Landlord as set forth in the
Lease with respect to such items with respect to the Premises during
the Renewal Term.

      (e)  Except for the Base Rent for the Renewal Term as determined
above, Tenant's occupancy of the Premises during the Renewal Term shall
be on the same terms and conditions as are in effect immediately prior
to the expiration of the Second Extended Term; provided, however, Tenant
shall have no further right to any allowances, credits or abatements or
any options to expand, contract, renew, terminate or extend the Lease.

      (f)  If Tenant does not give the Renewal Notice within the period
set forth above, the Renewal Option shall automatically terminate. Time
is of the essence as to the giving of the Renewal Notice.

      (g)  Landlord shall have no obligation to refurbish or otherwise
improve the Premises for the Renewal Term. The Premises shall be
tendered on the Renewal Commencement Date in "as-is" condition.

      (h)  If the Lease Term is extended for the Renewal Term, then,
promptly after the determination of Base Rent in accordance with the
terms of this Section 7, Landlord shall prepare and Tenant shall
execute, within ten (10) days of receipt, an amendment to the Lease
confirming the extension of the Lease Term and the other provisions
applicable thereto.

      (i)  If Tenant exercises its right to extend the term of the
Lease for the Renewal Term pursuant to this Section 7 and the parties
execute the amendment, the term "Lease Term" as used in this Lease,
shall be construed to include, when practicable, the Renewal Term
except as provided in subsection (e) above.

     8.  Tenant's Broker. Tenant represents and warrants that it has
dealt with no broker, agent or other person in connection with this
transaction and that no broker, agent or other person brought about
this transaction other than Cornish & Carey Commercial Newmark Knight
Frank. Tenant agrees to indemnify and hold Landlord harmless from and
against any claims by any other broker, agent or other person claiming
a commission or other form of compensation by virtue of having dealt
with Tenant with regard to this leasing transaction.

     9.  No Offer. Submission of this Amendment by Landlord is not an
offer to enter into this Amendment, but rather is a solicitation for
such an offer by Tenant. Landlord shall not be bound by this Amendment
until Landlord and Tenant have fully executed and delivered this
Amendment. To Landlord's actual knowledge, the Premises has not
undergone an inspection by a certified access specialist. For purposes
of this

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<PAGE>

Section, Landlord's actual knowledge shall mean and be limited to the
actual knowledge of the person who is Landlord's asset manager (not the
Building's property manager) on the date this Amendment is executed by
Landlord, without any duty of inquiry or investigation, and such asset
manager shall have no personal liability if such representation is
untrue.

     10.  Authority. Tenant represents and warrants to Landlord that
Tenant has been and is qualified to do business in the state in which
the Premises is located, that the entity has the full right and
authority to enter into this Amendment, and that all persons signing on
behalf of the entity were authorized to do so by appropriate actions.

     11.  Severability. If any clause or provision of this Amendment is
illegal, invalid or unenforceable under present or future laws, then
and in that event, it is the intention of the parties hereto that the
remainder of this Amendment shall not be affected thereby. It is also
the intention of the parties to this Amendment that in lieu of each
clause or provision of this Amendment that is illegal, invalid or
unenforceable, there be added, as a part of this Amendment, a clause or
provision as similar in terms to such illegal, invalid or unenforceable
clause or provision as may be possible and be legal, valid and
enforceable.

     12.  Counterparts and Delivery. This Amendment may be executed in
any number of counterparts, each of which shall be deemed to be an
original, and all of such counterparts shall constitute one
Amendment. Execution copies of this Amendment may be delivered by
facsimile or email, and the parties hereto agree to accept and be bound
by facsimile signatures or scanned signatures transmitted via email
hereto, which signatures shall be considered as original signatures
with the transmitted Amendment having the binding effect as an original
signature on an original document. Notwithstanding the foregoing,
Tenant shall, upon Landlord's request, deliver original copies of this
Amendment to Landlord at the address set forth in such request. Neither
party may raise the use of a facsimile machine or scanned document or
the fact that any signature was transmitted through the use of a
facsimile machine or email as a defense to the enforcement of this
Amendment.

     13.  Conflict; Ratification; Integration. Insofar as the specific
terms and provisions of this Amendment purport to amend or modify or
are in conflict with the specific terms, provisions and exhibits of the
Lease, the terms and provisions of this Amendment shall govern and
control. Landlord and Tenant hereby agree that (a) this Amendment is
incorporated into and made a part of the Lease, (b) any and all
references to the Lease hereinafter shall include this Amendment, and
(c) the Lease, and all terms, conditions and provisions of the
Lease, are in full force and effect as of the date hereof, except as
expressly modified and amended hereinabove. The recitals set forth
herein are incorporated by reference. Capitalized terms used in this
Amendment shall have the same definitions as set forth in the Lease to
the extent that such capitalized terms are defined therein and not
redefined in this Amendment. This Amendment and any attached exhibits
and addenda set forth the entire agreement between the parties with
respect to the matters set forth herein.

         [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK;
                        SIGNATURE PAGE FOLLOWS]

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<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment
to be duly authorized, executed and delivered as of the day and year
first set forth above.

LANDLORD:                                TENANT:

CWCA SCOTT CREEK 28, L.L.C.,             AEHR TEST SYSTEMS,

a Delaware limited liability company     a California corporation

By: /s/ MICHAEL R. MERCIER               By: /s/  GARY L. LARSON
---------------------------              -----------------------
Name: Michael R. Mercier                 Name:  Gary L. Larson
---------------------------              -----------------------
Title: Senior Vice President-Operations  Title: VP, CFO
---------------------------------------  -----------------------EXHIBIT 10.1

 

SECURED PROMISSORY NOTE

 

	$1,100,000.00	November 7, 2014

 

For value received,
the undersigned, Oryon Technologies, Inc. (“Oryon”), a Nevada corporation, and OryonTechnologies, LLC,
a Texas limited liability company, (individually, a “Maker” and collectively, “Makers”),
as co-makers, hereby jointly and severally promise to pay to the order of Myant Capital Partners, Inc. and Tony Chahine (collectively,
the “Myant Payees”) and M. Richard Marcus, MRM Acquisitions, LLC, and Oryon Capital, LLC (collectively,
the “Marcus Payees”) in the City of Dallas, Dallas County, Texas (individually, a “Payee”
and collectively, the “Payees”), on or before November, 2016 (the “Maturity Date”),
the sum of $1,100,000.00 with interest as specified herein.

 

This Promissory Note
(this “Note”) is subject to the following additional provisions, terms and conditions:

 

1.          Settlement
Agreement; Certain Definitions. This Note is the Promissory Note referenced in that certain Settlement Agreement dated September
24, 2014, by and among Makers and Payees (the “Settlement Agreement”). Terms defined in the Settlement
Agreement are used herein as so defined unless otherwise defined herein.

 

2.          Payment
Schedule. Makers hereby agree to make an initial payment to the Myant Payees in the amount of $250,000.00 and the Marcus Payees
in the amount of $250,000.00 on or before 90 days following the date of the execution of this Note (collectively, the “Initial
Note Payment”). The Initial Note Payment shall be made by wire transfer to the bank account identified in paragraph
5 below.

 

3.          Principal.
The principal amount of this Note, following the payment of the Initial Note Payment set forth in paragraph two above, shall be
paid as set forth herein. Beginning on the tenth (10th) month following the execution of this Note, and on every month thereafter,
the Makers shall pay equal payments such that on the twenty-fourth (24th) month anniversary of the date of the execution of this
Note, the Note shall be paid in full.

 

To the extent not previously
paid, the entire unpaid principal balance hereof plus all accrued but unpaid interest thereon shall be due and payable on the Maturity
Date. All principal payments shall be accompanied by accrued interest on the outstanding principal amount of this Note to the date
of payment. Makers may at any time and from time to time prepay all or any part of the unpaid principal balance of this Note without
premium or penalty. All payments received by Payee shall be applied first to the payment of accrued unpaid interest and thereafter
to the payment of principal.

 

    	 

    	 

    

 

Anything to the contrary
notwithstanding, the “Accelerated Balance of this Note” (as defined below) shall automatically and immediately become
due and payable, upon the occurrence of any of the following events: (i) a sale, license or other disposition of all or substantially
all of the assets of Oryon or its subsidiaries, as applicable; (ii) a merger, consolidation, recapitalization or other transaction,
or series of related transactions, in which any Person who is not an owner of more than fifty percent (50%) of the combined voting
power of the capital stock or all interests in Oryon, as applicable, immediately prior to the closing of such transaction becomes
the beneficial owner, directly or indirectly, individually or collectively with any other Person acting jointly or as a group,
of fifty percent (50%) or more of the combined voting power of the capital stock or all interests in Oryon, as applicable; or (iii)
the liquidation, dissolution or winding up of a Maker (collectively, an “Acceleration Event”). For the
purpose of this Note, the “Accelerated Balance of this Note” means (i) the entire unpaid principal balance
of this Note, together with all accrued but unpaid interest thereon if the conditions set forth in the preceding clause (i) are
not met.

 

Makers shall provide
prompt written notice to Payees of any event constituting an Acceleration Event no later than five (5) Business Days after the
date of the occurrence of an Acceleration Event. For the purpose of this Note, a “Business Day” is any
day other than Saturday or Sunday that commercial banks are open for business in Dallas, Texas.

 

4.          Interest.

 

(a)          Makers
agree to pay interest in respect of the unpaid principal amount of this Note from the date hereof to maturity at a rate per annum
equal to six percent (6%) per annum. Matured unpaid principal and interest shall bear interest from date of maturity until paid
at a rate per annum equal to the Maximum Lawful Rate. The term "Maximum Lawful Rate", as used in this Note,
means the maximum rate of non-usurious interest, and the term "Maximum Lawful Amount" means the maximum
amount of non-usurious interest, permitted with respect to the indebtedness evidenced by this Note from time to time by applicable
law after taking into account any and all fees, payments, and other charges that constitute interest under applicable law.

 

(b)          Interest
on the principal of this Note shall accrue from and including the date hereof to but excluding the date of any repayment thereof
and shall be payable (i) on each date that a payment of principal is due under Section 3 of this Note; (ii) on the outstanding
unpaid principal balance at the maturity of this Note; and (iii) after maturity on demand.

 

5.          Payments
in General. The Initial Note Payment shall be paid consistent with the provisions of Article 2 by Makers. All other payments
under this Note shall be made to Payee not later than 3:00 p.m. (central time) on the date when due and shall be made in lawful
money of the United States of America in immediately available funds. Unless otherwise specified in writing by Myant Capital Partners,
all payments under this Note shall be made by wire transfer to the Payees to the bank account held on the name of Myant Capital
Partners, Inc. at The Bank of Nova Scotia. The Payees shall allocate the distribution of the payments among themselves. Whenever
any payment to be made under this Note shall be stated to be due on a day that is not a Business Day, the due date thereof shall
be extended to the next succeeding Business Day, and, with respect to payments of principal, interest thereon shall be payable
during such extension.

 

6.          Security
Agreement. This Note is secured pursuant to a Intellectual Property Security Agreement of even date by Makers (the “Security
Agreement’).

 

7.          Events
of Default. The occurrence of any of the following events shall constitute an “Event of Default” under this Note:

 

    	2

    	 

    

 

 

(a)          Makers
shall fail to pay any principal of or interest on this Note when and as the same shall become due and payable, whether on the date
of this Note, an installment date, at the Maturity Date, by acceleration hereof or otherwise, and with respect to payments other
than the Initial Note Payment (which shall have no cure period) such default shall continue unremedied for five (5) consecutive
Business Days after receipt by Makers of written notice of such default;

 

(b)          A
Maker’s breach of any representation, warranty or covenant under this Note (other than the failure to pay any principal or
interest on this Note when and as the same shall become due and payable), the Settlement Agreement or the Security Agreement and
such breach shall continue unremedied for five (5) consecutive Business Days after receipt by such Maker of written notice of such
default;

 

(c)          Upon
the occurrence of any event of default under any other loan or security agreement between any lender and a Maker; or

 

(d)          A
Maker:

 

(i)          shall
file for relief under any bankruptcy, insolvency or similar law or consent to any such relief or to the appointment of or taking
possession of its property by any official in an involuntary case or other proceeding commenced against it;

 

(ii)         shall
be the subject of an involuntary petition under any such law and such involuntary petition is not stayed or dismissed within sixty
(60) days after the date thereof;

 

(iii)        shall
apply for or consent to the appointment of a receiver, trustee, liquidator or custodian of itself or of all or a substantial part
of its property;

 

(iv)        shall
make a general assignment for the benefit of any of its creditors;

 

(v)         shall
be dissolved or liquidated;

 

(vi)        shall
assign, transfer, sell or hypothecate any property serving as security for this Note;

 

(vii)       shall
be subject to a proceeding or case, without the application or consent of a Maker, in any court of competent jurisdiction, seeking
(a) its reorganization, liquidation, dissolution, arrangement or winding-up, or the composition or readjustment of its debts, (b)
the appointment of a receiver, custodian, trustee, examiner, liquidator or the like of such Maker or of all or any substantial
part of its property or assets, or (c) similar relief in respect of such maker under any law relating to bankruptcy, insolvency,
reorganization, winding-up or composition or adjustment of debts, and such proceeding or case shall continue without being dismissed,
or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue without being stayed and
in effect for a period of sixty (60) or more days, or an order for relief against such Maker shall be entered in an involuntary
case under the Federal Bankruptcy Code;

 

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(viii)      admit
in writing its inability to pay its debts as such debts become due, or Payee shall, in good faith, believe that any Maker is generally
unable to pay its debts as such debts become due (and written notice thereof is provided to Makers); or

 

(ix)         shall
take any action for the purpose of affecting any of the foregoing.

 

Makers shall provide prompt written notice
to Payee of any event constituting an Event of Default (or, that, but for the passage of time, would constitute an Event of Default)
under Section 7(c), and in no event later than three (3) Business Days after the date of the occurrence of any of the foregoing.

 

8.          Remedies.
At any time following an Event of Default under Section 7(a), Section 7(b) or Section 7(c), Payees may
declare the entire unpaid principal balance of this Note, together with all accrued but unpaid interest thereon, immediately due
and payable, and may proceed to enforce payment of the same and to exercise any and all of the rights and remedies afforded herein
as well as all other rights and remedies possessed by Payee by law or otherwise. Upon the occurrence of an Event of Default under
Section 7(c), the entire unpaid principal balance of this Note, together with all accrued but unpaid interest thereon, shall
automatically and immediately become due and payable, and thereafter Payee may proceed to enforce payment of the same as the joint
and several obligation of Makers and exercise any and all of the rights and remedies afforded herein as well as all other rights
and remedies possessed by Payee by law or otherwise.

 

9.          Limitation
on Interest. The Parties hereto intend to conform strictly to the applicable usury laws. In no event shall interest contracted
for, charged or received hereunder, plus any other charges in connection herewith which constitute interest, exceed the maximum
interest permitted by applicable law. The amounts of such interest or other charges previously paid to the Payee in excess of the
amounts permitted by applicable law shall be applied by the holder of this Note to reduce the principal of the indebtedness evidenced
by this Note, or, at the option of the holder of this Note, be refunded. To the extent permitted by applicable law, determination
of the legal maximum amount of interest shall at all times be made by amortizing, pro rating, allocating and spreading in equal
parts during the period of the full stated term of the indebtedness, all interest at any time contracted for, charged or received
from the undersigned or any Maker (or successor thereto) in connection with the indebtedness evidenced hereby, so that the actual
rate of interest on account of such indebtedness is uniform throughout the term hereof.

 

10.         No
Waiver by Payee. No failure or delay on the part of a Payee in exercising any right, power or privilege hereunder and no course
of dealing between a Maker and a Payee shall operate as a waiver thereof; nor shall any single or partial exercise of any right,
remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy,
power or privilege.

 

11.         Waivers.
Except as otherwise expressly provided for herein, Makers, signers, sureties, guarantors, and endorsers of this Note severally
waive notice of acceptance of this Note, notice of extension of credit, demand, presentment, notice of presentment, notice of dishonor,
notice of intent to demand or accelerate payment hereof, notice of demand, notice of acceleration, diligence in collecting, grace,
notice and protest, and agree to one or more renewals or extensions for any period or periods of time, partial payments and releases
or substitutions of security, in whole or in part, with or without notice, before or after maturity.

 

    	4

    	 

    

 

 

12.         Amendments,
Waivers, Etc. No provision of this Note may be waived, changed, modified or discharged without an agreement in writing signed
by the party against whom enforcement of such waiver, change, modification or discharge is sought, and then such waiver, change,
modification or discharge shall be effective only in the specific instance and for the specific purpose for which given.

 

13.         Successors
and Assigns. All of the covenants, stipulations, promises and agreements in this Note contained by or on behalf of Makers shall
bind their successors and assigns, whether so expressed or not; provided, however, that Makers may not, without the
prior written consent of all Payees, assign any rights, duties or obligations under this Note. Without the consent of Makers, the
Payees may, in its sole discretion, at any time or from time to time while any portion of the indebtedness evidenced hereby remains
unpaid, transfer, sell, assign or pledge this Note (or any portion thereof), the Intellectual Property Security Agreement and any
of the other documents or agreements executed by Makers to secure this Note.

 

14.         Notices.
Any notice, request, demand, claim, or other communication required or permitted hereunder shall be in writing and the address
for any such notice, request, claim or other communication or delivery shall be as follows:

 

		If to Makers:	Oryon Technologies, Inc.
	 	 	OryonTechnologies, LLC
	 	 	4251 Kellway Circle
	 	 	Addison, Texas 75001
	 	 	Attn:President
	 	 	 
	 	With a copy (that shall not	 
	 	constitute notice) to:	Coffin
& Driver PLLC
	 	 	7557 Rambler Road, Suite 200
	 	 	Dallas, Texas 75231
	 	 	Attn:Vickie L. Driver
	 	 	Fax:(214) 377-4858
	 	 	E-mail: vdriver@coffindriverlaw.com
	 	 	 
	 	If to the Myant Payees:	Myant
Capital Partners, Inc.
	 	 	183 Wellington St. W.

	 	 	Suite 2903
	 	 	Toronto, Ontatio M5V 0A1
	 	 	Attn:Tony Chahine
	 	 	Email:tony@myant.ca

 

    	5

    	 

    

 

 

	 	With a copy (that shall not	 
	 	constitute notice) to:	Bryan Cave LLP
	 	 	Attn:  Keith M. Aurzada
	 	 	2200 Ross Ave., Suite 3300
	 	 	Dallas, Texas 75201
	 	 	Telephone (214) 721-8000
	 	 	Facsimile (214) 721-8100
	 	 	Email keith.aurzada@bryancave.com
	 	 	 
	 	If to the Marcus Payees:	MRM Acquisitions, LLC
	 	 	Oryon Capital, LLC
	 	 	M. Richard Marcus
	 	 	5330 Alpha Road
	 	 	Dallas, Texas 75240-1311
	 	 	Attn:  M. Richard Marcus
	 	 	Email:  mrmarcus@themarcuscompany.com
	 	 	 
	 	With a copy (that shall not	 
	 	constitute notice) to:	Goldfarb PLLC
	 	 	Attn:  Jeffrey Goldfarb
	 	 	2501 N. Harwood Street, Suite 1801
	 	 	Dallas, Texas 75201
	 	 	Telephone (214) 583-2233
	 	 	Facsimile (214) 583-2234
	 	 	Email: jgoldfarb@goldfarbpllc.com

 

Any Party may send any notice, request,
demand, claim or other communication hereunder to the intended recipient at the address set forth above by personal delivery, expedited
courier, messenger service, telecopy, telex, ordinary mail or electronic mail. Each notice or other communication will be treated
as effective and as having been given and received (i) if sent by mail, at the earlier of its receipt or three (3) days after such
notice or other communication has been deposited in a regularly maintained receptacle for deposit of United States mail; (ii) if
sent by facsimile or electronic mail, upon confirmation of facsimile transfer or electronic mail confirmation of transmission;
(iii) if delivered personally by hand, upon written confirmation of delivery from the person delivering such notice or other communication;
or (iv) if sent by nationally recognized overnight delivery service, upon written confirmation of delivery from such service.

 

15.         Headings.
Article, section and paragraph headings are for reference only and do not affect the interpretation or meaning of any provisions
of this Note.

 

16.         Severability.
If any provision or provisions, or if any portion of any provision or provisions, in this Note is found by a court of law to be
in violation of any applicable local, state or Federal ordinance, statute, law, administrative or judicial decision, or public
policy, and if such court should declare such portion, provision or provisions of this Note to be illegal, invalid, unlawful, void
or unenforceable as written, then it is the intent of all Parties hereto that such portion, provision or provisions shall be given
force to the fullest possible extent that they are legal, valid and enforceable, that the remainder of this Note shall be construed
as if such illegal, invalid, unlawful, void or unenforceable portion, provision or provisions were not contained therein, and that
the rights, obligations and interests of Makers and Payees under the remainder of this Note shall continue to be in full force
and effect.

 

    	6

    	 

    

 

 

17.         Choice
of Law; Jurisdiction; Venue. EXCEPT AS OTHERWISE EXPRESSLY SET FORTH HEREIN, THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH
AND GOVERNED BY THE SUBSTANTIVE LAWS OF THE STATE OF TEXAS, WITHOUT REGARD TO ITS CONFLICTS OF LAWS PROVISIONS. JURISDICTION FOR
ALL MATTERS ARISING OUT OF THIS NOTE SHALL BE EXCLUSIVELY IN THE STATE AND FEDERAL COURTS SITTING IN DALLAS COUNTY, TEXAS, AND
EACH MAKER HEREBY IRREVOCABLY SUBMITS ITSELF TO THE JURISDICTION OF SUCH STATE AND FEDERAL COURTS AND AGREES AND CONSENTS NOT TO
ASSERT IN ANY PROCEEDING, THAT ANY SUCH PROCESS IS BROUGHT IN AN INCONVENIENT FORUM OR THAT THE VENUE THEREOF IS IMPROPER, AND
FURTHER AGREES TO A TRANSFER OF SUCH PROCEEDING TO THE COURTS SITTING IN DALLAS COUNTY, TEXAS.

 

18.         Expenses.
Makers, jointly and severally, shall pay (i) all out-of-pocket expenses of Payees, including reasonable fees and disbursements
of counsel for Payees, in connection with the enforcement of this Note, any waiver or consent hereunder or any amendment hereof,
or any Event of Default or alleged Event of Default hereunder and (ii) if an Event of Default occurs, all out-of-pocket expenses
incurred by Payees, including fees and disbursements of counsel in connection with such Event of Default and collection and other
enforcement proceedings resulting therefrom, fees of auditors and consultants incurred in connection therewith, and investigation
expenses incurred by Payees in connection therewith, including any appeals. Any amount to be paid hereunder by Makers to Payees,
to the extent not prohibited by applicable law, shall bear interest from the date of expenditure until reimbursed to Payees by
Makers at the rate of interest which may be applicable from time to time during the period such funds remain unpaid as provided
in this Note.

 

[SIGNATURE PAGE FOLLOWS]

 

    	7

    	 

    

 

 

EXECUTED as of the date first set
forth above.

 

	 	ORYON TECHNOLOGIES, INC.
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 
	 	ORYONTECHNOLOGIES, LLC
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

Signature Page to

Secured Promissory Note

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