Document:

Exhibit
10.3

 

NEITHER
THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO,
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A
LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.
THIS SECURITY AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

COMMON
STOCK PURCHASE WARRANT

AMERICAN
INTERNATIONAL HOLDINGS CORP.

 

	 	Initial Exercise Price: $0.__

 

	Warrant
    Shares: ___________	Initial
    Exercise Date: December ___, 2020

 

THIS
COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, [________________], or its assigns
(the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter
set forth, to subscribe for and purchase from American International Holdings Corp., a Nevada corporation (the “Company”),
shares of Common Stock as follows:

 

	 	(i)	up
    to [____________] shares of Common Stock (subject to adjustment hereunder, the “First Tranche Warrant Shares”)
    at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business
    on the five year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter; and 
	 	 	 
	 	(ii)	up
    to [____________] shares of Common Stock (subject to adjustment hereunder, the “Second Tranche Warrant Shares”
    and together with the First Tranche Warrant Shares, the “Warrant Shares”) at any time on or after the Initial
    Exercise Date and on or prior to the close of business on the Termination Date but not thereafter. Provided, however,
    if the Holder fails to pay the Subscription Amount for the Second Tranche Closing even if all other conditions contained in
    the Agreement have been satisfied, it may no longer exercise the Warrant and receive Second Tranche Warrant Shares.

 

    	1

     

    

 

The
purchase price of one Warrant Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).

 

Section
1. Definitions. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain
Securities Purchase Agreement (the “Agreement”), dated January [__], 2021, between the Company and the Holder.

 

Section
2. Exercise.

 

(a)
Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after
the Initial Exercise Date and on or before the Termination Date by delivery to the Company (or such other office or agency of
the Company as it may designate by notice in writing to the registered Holder at the address of the Holder appearing on the books
of the Company) of a duly executed facsimile copy of the Notice of Exercise Form annexed hereto. Within the earlier of (i) two
Trading Days following the date of exercise as aforesaid or (ii) the Standard Settlement Period, the Holder shall deliver the
aggregate Exercise Price for the shares specified in the applicable Notice of Exercise by wire transfer or cashier’s check
drawn on a United States bank unless the cashless exercise procedure specified in Section 2(c) below is specified in the applicable
Notice of Exercise. In the event that the Holder is required to make any payments to the Company’s stock transfer agent
in connection with its exercise of this Warrant resulting from any failure or alleged failure of the Company to pay the transfer
agent, the Holder may deduct such sums it pays the transfer agent from the total Exercise Price due. Notwithstanding anything
herein to the contrary (although the Holder may surrender the Warrant to, and receive a replacement Warrant from, the Company),
the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the
Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this
Warrant to the Company for cancellation within five Trading Days of the date the final Notice of Exercise is delivered to the
Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available
hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal
to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of
Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise Form
within one Trading Day of delivery of such notice. The Holder by acceptance of this Warrant, acknowledges and agrees that, by
reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of
Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.

 

(b)
Exercise Price. The initial exercise price per share of the Common Stock under this Warrant shall be equal to $[__] per
share, subject to adjustment under Section 3 (the “Exercise Price”).

 

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(c)
Cashless Exercise. If at any time after the six months anniversary of the Initial Exercise Date, there is no effective
Registration Statement covering the resale of the Warrant Shares by the Holder, then this Warrant may also be exercised at the
Holder’s election, in whole or in part and in lieu of making the cash payment otherwise contemplated to be made to the Company
upon such exercise, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive
a number of Warrant Shares equal to the number obtained by dividing [(A x B) – (A x C)] by (D), where:

 

	 	(A)	=	the
    number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant
    if such exercise were by means of a cash exercise rather than a cashless exercise;
	 	 	 	 
	 	(B)	=	the
    greater of (i) the arithmetic average of the VWAPs for the five consecutive Trading Days ending on the date immediately preceding
    the date on which the Holder elects to exercise this Warrant by means of a “cashless exercise,” as set forth in
    the applicable Notice of Exercise or (ii) the VWAP for the Trading Day immediately prior to the date on which the Holder makes
    such “cashless exercise” election;
	 	 	 	 
	 	(C)	=	the
    Exercise Price of this Warrant, as adjusted hereunder, at the time of such exercise; and
	 	 	 	 
	 	(D)	=	the
    lesser of (i) the arithmetic average of the VWAPs for the five consecutive Trading Days ending on the date immediately preceding
    the date on which the Holder elects to exercise this Warrant by means of a “cashless exercise,” as set forth in
    the applicable Notice of Exercise or (ii) the VWAP for the Trading Day immediately prior to the date on which the Holder makes
    such “cashless exercise” election.

 

If
Warrant Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9)
of the Securities Act, the Warrant Shares shall take on the characteristics of the Warrants being exercised, and the holding period
of the Warrants being exercised may be tacked on to the holding period of the Warrant Shares. The Company agrees not to take any
position contrary to this Section 2(c).

 

For
avoidance of doubt, the phrase “effective Registration Statement” means (i) a Registration Statement covering the
sale of the Warrant Shares has been declared effective by the SEC, has not been withdrawn and is not subject to a stop order issued
by the SEC, and (ii) the Prospectus contained in the Registration Statement complies with Sections 5(b) and 10 of the Securities
Act.

 

Notwithstanding
anything herein to the contrary, if on the Termination Date (unless the Holder notifies the Company otherwise) if there is no
effective Registration Statement covering the resale of the Warrant Shares by the Holder, then this Warrant shall be automatically
exercised via cashless exercise pursuant to this Section 2(c).

 

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(d)
Mechanics of Exercise.

 

(i)
Delivery of Certificates Upon Exercise. Certificates for shares purchased hereunder shall be transmitted to the Holder
by the Transfer Agent by crediting the account of the Holder’s prime broker with The Depository Trust Company through its
Deposit or Withdrawal at Custodian system (“DWAC”) if the Company is then a participant in such system and (A) there
is an effective Registration Statement covering the sale of the Warrant Shares by the Holder, or (B) or (B) this Warrant is being
exercised via cashless exercise and Rule 144 under the Securities Act is available or otherwise by physical delivery to the address
specified by the Holder in the Notice of Exercise by the date that is two Trading Days after the latest of (A) the delivery to
the Company of the Notice of Exercise and (B) payment of the aggregate Exercise Price as set forth above (unless by cashless exercise,
if permitted) (such date, the “Warrant Share Delivery Date”). The Warrant Shares shall be deemed to have been issued,
and Holder or any other person so designated to be named therein shall be deemed to have become a holder of record of such shares
for all purposes, as of the date the Warrant has been exercised, with payment to the Company of the Exercise Price (unless by
cashless exercise, if permitted) and all taxes required to be paid by the Holder, if any, pursuant to Section 2(d)(vi) prior to
the issuance of such shares, having been paid. The Company understands that a delay in the delivery of the Warrant Shares after
the Warrant Share Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such loss, the
Company agrees to pay (as liquidated damages and not as a penalty) to the Holder for late issuance of Warrant Shares upon exercise
of this Warrant the proportionate amount of $10 per Trading Day (increasing to $20 per Trading Day after the fifth Trading Day)
after the Warrant Share Delivery Date for each $1,000 of the value of the Warrant Shares for which this Warrant is exercised (based
on the Exercise Price) which are not timely delivered. The Company shall pay any payment incurred under this Section 2(d)(i) in
immediately available funds upon demand. Furthermore, in addition to any other remedies which may be available to the Holder,
in the event that the Company fails for any reason to effect delivery of the Warrant Shares by the Warrant Share Delivery Date,
the Holder may revoke all or part of the relevant Warrant exercise by delivery of a notice to such effect to the Company, whereupon
the Company and the Holder shall each be restored to their respective positions immediately prior to the exercise of the relevant
portion of this Warrant, except that the liquidated damages described above shall be payable through the date notice of revocation
or rescission is given to the Company or the date the Warrant Shares are delivered to the Holder, whichever date is earlier.

 

(ii)
Delivery of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request
of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the certificate or certificates representing
Warrant Shares, deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant Shares
called for by this Warrant, which new Warrant shall in all other respects be identical to this Warrant.

 

(iii)
Rescission Rights. If the Company fails to deliver the Warrant Shares or cause the Transfer Agent to transmit to the Holder
a certificate or the certificates representing the Warrant Shares pursuant to Section 2(d)(i) by the Warrant Share Delivery Date,
then the Holder will have the right, at any time prior to issuance of such Warrant Shares, to rescind such exercise.

 

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(iv)
Compensation for Buy-In on Failure to Timely Deliver Certificates Upon Exercise. In addition to any other rights available
to the Holder, if the Company fails to deliver the Warrant Shares, or cause the Transfer Agent to transmit to the Holder a certificate
or the certificates representing the Warrant Shares pursuant to an exercise on or before the Warrant Share Delivery Date, and
if after such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) or the Holder’s
brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares
which the Holder anticipated receiving upon such exercise (a “Buy-In”), then the Company shall (A) pay in cash to
the Holder the amount, if any, by which (x) the Holder’s total purchase price (including brokerage commissions, if any)
for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares that
the Company was required to deliver to the Holder in connection with the exercise at issue by (2) the price at which the sell
order giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion
of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall
be deemed rescinded) or deliver to the Holder the number of shares of Common Stock that would have been issued had the Company
timely complied with its exercise and delivery obligations hereunder. For example, if the Holder purchases Common Stock having
a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate
sale price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company
shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable
to the Holder in respect of the Buy-In and, upon written request of the Company, evidence of the amount of such loss. Nothing
herein shall limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including,
without limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely
deliver certificates representing shares of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.

 

(v)
No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise
of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the
Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction
multiplied by the Exercise Price or round up to the next whole share.

 

(vi)
Charges, Taxes and Expenses. Issuance of certificates for Warrant Shares shall be made without charge to the Holder for
any issue or transfer tax or other incidental expense in respect of the issuance of such certificate including any charges (limited
to $100 per issuance) of any clearing firm, all of which taxes and expenses shall be paid by the Company, and such certificates
shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided, however,
that in the event certificates for Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant when
surrendered for exercise shall be accompanied by the Assignment Form attached hereto duly executed by the Holder and the Company
may require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto.
The Company shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise.

 

(vii)
Closing of Books. The Company will not close its stockholder books or records in any manner which prevents the timely exercise
of this Warrant, pursuant to the terms hereof.

 

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(e)
Holder’s Exercise Limitations. The Company shall not effect any exercise of this Warrant, and a Holder shall not
have the right to exercise any portion of this Warrant, pursuant to this Section 2 or otherwise, to the extent that after giving
effect to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s
Affiliates, and any other Persons acting as a group together with the Holder or any of the Holder’s Affiliates), would beneficially
own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of
shares of Common Stock beneficially owned by the Holder and its Affiliates shall include the number of shares of Common Stock
issuable upon exercise of this Warrant with respect to which such determination is being made, but shall exclude the number of
shares of Common Stock which would be issuable upon (i) exercise of the remaining, nonexercised portion of this Warrant beneficially
owned by the Holder or any of its Affiliates and (ii) exercise or conversion of the unexercised or nonconverted portion of any
other securities of the Company (including, without limitation, any other Common Stock Equivalents) subject to a limitation on
conversion or exercise analogous to the limitation contained herein beneficially owned by the Holder or any of its Affiliates.
Except as set forth in the preceding sentence, for purposes of this Section 2(e), beneficial ownership shall be calculated in
accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder, it being acknowledged
by the Holder that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of
the Exchange Act and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent
that the limitation contained in this Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation
to other securities owned by the Holder together with any Affiliates) and of which portion of this Warrant is exercisable shall
be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination
of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates) and
of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company
shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group
status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations
promulgated thereunder. For purposes of this Section 2(e), in determining the number of outstanding shares of Common Stock, a
Holder may rely on the number of outstanding shares of Common Stock as reflected in (A) the Company’s most recent periodic
or annual report filed with the SEC, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent
written notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the written
or oral request of a Holder, the Company shall within one Trading Day confirm orally and in writing to the Holder the number of
shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after
giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder or its Affiliates
since the date as of which such number of outstanding shares of Common Stock was reported. The “Beneficial Ownership Limitation”
shall be 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares
of Common Stock issuable upon exercise of this Warrant. The Holder may also decrease the Beneficial Ownership Limitation provisions
of this Section 2(e) solely with respect to the Holder’s Warrant at any time, which decrease shall be effectively immediately
upon delivery of notice to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise
than in strict conformity with the terms of this Section 2(e) to correct this paragraph (or any portion hereof) which may be defective
or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary
or desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor
holder of this Warrant.

 

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Section
3. Certain Adjustments.

 

(a)
Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or
otherwise makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities
payable in shares of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company
upon exercise of this Warrant or pursuant to any of the other Transaction Documents), (ii) subdivides outstanding shares of Common
Stock into a larger number of shares, (iii) combines (including by way of reverse stock split) outstanding shares of Common Stock
into a smaller number of shares, or (iv) issues by reclassification of shares of the Common Stock any shares of capital stock
of the Company, then in each case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number
of shares of Common Stock (excluding treasury shares, if any) outstanding immediately before such event and of which the denominator
shall be the number of shares of Common Stock outstanding immediately after such event, and the number of shares issuable upon
exercise of this Warrant shall be proportionately adjusted such that the aggregate Exercise Price of this Warrant shall remain
unchanged. Any adjustment made pursuant to this Section 3(a) shall become effective immediately after the record date for the
determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the
effective date in the case of a subdivision, combination or re-classification.

 

(b)
Adjustments for Issuance of Additional Securities. If the Company at any time while this Warrant or the Notes are outstanding,
issues or sells any additional shares of Common Stock or Common Stock Equivalents (hereafter defined) (“Additional Shares
of Common Stock”) in a transaction other than an Exempt Issuance, at a price per share less than the Exercise Price then
in effect or without consideration (a “Dilutive Issuance” based on a “Dilutive Issuance Price”), then
the Exercise Price upon each such issuance shall be reduced to the lower of (i) an amount equal to the Dilutive Issuance Price,
or (ii) the VWAP on the next Trading Day following the first public disclosure of the Dilutive Issuance. For the purposes of this
Section 3(b), the next Trading Day if an announcement is made before 4:00 pm New York, NY time is either the day of the announcement
or the following Trading Day.

 

Provided,
however, that this Section 3(b) shall not apply if the Common Stock is listed on a Principal Market which is any of the
NYSE, the NYSE American, or the Nasdaq Capital Market, the Nasdaq Global Market or the Nasdaq Global Select.

 

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In
case any Common Stock Equivalent is issued in connection with the issue or sale of other securities of the Company, together comprising
one integrated transaction, (x) the Common Stock Equivalents (except for indebtedness) will be deemed to have been issued for
the par value of the Common Stock and (y) the other securities issued or sold in such integrated transaction shall be deemed to
have been issued or sold for the difference of (I) the aggregate consideration received by the Company less any consideration
paid or payable by the Company pursuant to the terms of such other securities of the Company, less (II) the par value. Any indebtedness
shall be valued at the principal less any original issue discount. If multiple shares of Common Stock are contained in a unit,
the aggregate consideration shall be divided by the number of shares of Common Stock in a unit. If any shares of Common Stock
or Common Stock Equivalents are issued or sold or deemed to have been issued or sold for cash, the amount of such consideration
received by the Company will be deemed to be the net amount received by the Company therefor. If any shares of Common Stock or
Common Stock Equivalents are issued or sold for a consideration other than cash, the amount of such consideration received by
the Company will be the fair value of such consideration, except where such consideration consists of publicly traded securities,
in which case the amount of consideration received by the Company will be the VWAP of such public traded securities on the date
of receipt. If any shares of Common Stock or Common Stock Equivalents are issued to the owners of the non-surviving entity in
connection with any merger in which the Company is the surviving entity, the amount of consideration therefor will be deemed to
be the fair value of such portion of the net assets and business of the non-surviving entity as is attributable to such shares
of Common Stock or Common Stock Equivalents, as the case may be.

 

“Common
Stock Equivalents” means any securities of the Company or its Subsidiaries which would entitle the holder thereof to acquire
at any time Common Stock, including, without limitation, any indebtedness, preferred stock, right, option, warrant or other instrument
that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive,
Common Stock.

 

The
provisions of this Section 3(b) shall apply each time the Company, at any time after the Initial Exercise Date and while this
Warrant or the Note is outstanding, shall issue any securities with a Dilutive Issuance Price. Notwithstanding the foregoing,
no adjustment shall be made pursuant to this Section 3(b) with respect to an Exempt Issuance (as defined in the Agreement).

 

(c)
Adjustment upon Event of Default. Upon the occurrence and during the continuance of an Event of Default (as defined in
the Note), the Holder may, at the Holder’s option, elect to reduce the Exercise Price to the Alternate Conversion Price
(as defined in the Note). Such election by the Holder [shall/shall not] remain in effect upon the Company’s cure of such
Event of Default [provided, however, that any exercise of this Warrant at the Alternate Conversion Price during the continuance
of such Event of Default shall continue to apply after the occurrence of such Event of Default through and including the date
of such cure of such Event of Default]. The Company shall give the Holder prompt written notice of the occurrence of an Event
of Default.

 

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(d)
Subsequent Rights Offerings. In addition to any adjustments pursuant to Section 3(a) above, if at any time the Company
grants, issues or sells any Common Stock Equivalents or rights to purchase stock, warrants, securities or other property pro rata
to the record holders of any class of shares of Common Stock (the “Purchase Rights”), then the Holder will be entitled
to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired
if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard
to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the
date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date
as of which the record holders of shares of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights
(provided, however, to the extent that the Holder’s right to participate in any such Purchase Right would
result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such
Purchase Right to such extent (or beneficial ownership of such shares of Common Stock as a result of such Purchase Right to such
extent) and such Purchase Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right
thereto would not result in the Holder exceeding the Beneficial Ownership Limitation). Notwithstanding the foregoing, no Purchase
Rights will be made under this Section 3(d) in respect of an Exempt Issuance.

 

(e)
Pro Rata Distributions. If the Company, at any time while this Warrant is outstanding, shall distribute to all holders
of Common Stock (and not to the Holder) evidences of its indebtedness or assets (including cash and cash dividends) or rights
or warrants to subscribe for or purchase any security other than the Common Stock (which shall be subject to Section 3(d)), then
in each such case the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the record
date fixed for determination of stockholders entitled to receive such distribution by a fraction of which the denominator shall
be the VWAP determined as of the record date mentioned above, and of which the numerator shall be such VWAP on such record date
less the then per share fair market value at such record date of the portion of such assets or evidence of indebtedness so distributed
applicable to one outstanding share of the Common Stock as determined by the Board of Directors in good faith. In either case
the adjustments shall be described in a statement provided to the Holder of the portion of assets or evidences of indebtedness
so distributed or such subscription rights applicable to one share of Common Stock. Such adjustment shall be made whenever any
such distribution is made and shall become effective immediately after the record date mentioned above.

 

(f)
Fundamental Transaction.

 

(i)
If, at any time while this Warrant is outstanding the Company enters into a Fundamental Transaction (as defined in the Note),
then, upon any subsequent exercise of this Warrant, the Holder shall have the right to receive, for each Warrant Share that would
have been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction (without regard to any
limitation on the exercise of this Warrant), at the option of the Holder the number of shares of Common Stock of the successor
or acquiring corporation or of the Company, if it is the surviving corporation, and any additional consideration (the “Alternate
Consideration”) receivable as a result of such Fundamental Transaction by a holder of the number of shares of Common Stock
for which this Warrant is exercisable immediately prior to such Fundamental Transaction (without regard to any limitation on the
exercise of this Warrant). For purposes of any such exercise, the determination of the Exercise Price shall be appropriately adjusted
to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one share of Common
Stock in such Fundamental Transaction, and the Company shall apportion the Exercise Price among the Alternate Consideration in
a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If holders of Common
Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holder
shall be given the same choice as to the Alternate Consideration it receives upon any exercise of this Warrant following such
Fundamental Transaction. The Company shall not effect a Fundamental Transaction unless it gives the Holder at least 10 Trading
Days’ prior notice together with sufficient details so the Holder can make an informed decision as to whether it elects
to accept the Alternative Consideration. Within two Trading Days after the Holder has been given such notice, the Company shall
file a Form 8-K disclosing all material information about the Fundamental Transaction which has been given to the Holder.

 

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(ii)
Notwithstanding anything to the contrary, in the event of a Fundamental Transaction where the Company or its Successor does not
remain a publicly-traded company, the Company or any Successor Entity (as defined below) shall, at the Holder’s option,
exercisable at any time concurrently with, or within 30 days after, the consummation of the Fundamental Transaction, purchase
this Warrant from the Holder by paying to the Holder an amount of cash equal to the greater of: (i) the Black Scholes Value of
the remaining unexercised portion of this Warrant on the date of the consummation of such Fundamental Transaction or (ii) the
positive difference between the cash per share paid in such Fundamental Transaction minus the then in effect Exercise Price. “Black
Scholes Value” means the value of the unexercised portion of this Warrant based on the Black and Scholes Option Pricing
Model obtained from the “OV” function on Bloomberg L.P. determined as of the day of consummation of the applicable
Fundamental Transaction for pricing purposes and reflecting (A) a risk-free interest rate corresponding to the U.S. Treasury rate
for a period equal to the time between the date of the public announcement of the applicable Fundamental Transaction and the Termination
Date, (B) an expected volatility equal to the greater of 100% and the 100 day volatility obtained from the HVT function on Bloomberg
L.P. as of the Trading Day immediately following the public announcement of the applicable Fundamental Transaction, (C) the underlying
price per share used in such calculation shall be the sum of the price per share being offered in cash, if any, plus the value
of any non-cash consideration, if any, being offered in such Fundamental Transaction and (D) a remaining option time equal to
the time between the date of the public announcement of the applicable Fundamental Transaction and the Termination Date.

 

(iii)
If Section 3(f)(i) is not applicable, the Company shall cause any successor entity in a Fundamental Transaction in which the Company
is not the survivor (the “Successor Entity”) to assume in writing all of the obligations of the Company under this
Warrant and the other Transaction Documents in accordance with the provisions of this Section 3(f)(iii) pursuant to written agreements
in form and substance reasonably satisfactory to the Holder and approved by the Holder (without unreasonable delay) prior to such
Fundamental Transaction and shall, at the option of the Holder, deliver to the Holder in exchange for this Warrant a security
of the Successor Entity evidenced by a written instrument substantially similar in form and substance to this Warrant which is
exercisable for a corresponding number of shares of capital stock of such Successor Entity (or its parent entity) equivalent to
the shares of Common Stock acquirable and receivable upon exercise of this Warrant prior to such Fundamental Transaction (without
regard to any limitation on the exercise of this Warrant), and with an exercise price which applies the then-current Exercise
Price hereunder to such shares of capital stock (but taking into account the relative value of the shares of Common Stock pursuant
to such Fundamental Transaction and the value of such shares of capital stock, such number of shares of capital stock and such
exercise price being for the purpose of protecting the economic value of this Warrant immediately prior to the consummation of
such Fundamental Transaction), and which is reasonably satisfactory in form and substance to the Holder. Upon the occurrence of
any such Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so that from and after the date
of such Fundamental Transaction, the provisions of this Warrant and the other Transaction Documents referring to the “Company”
shall refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the
obligations of the Company under this Warrant and the other Transaction Documents with the same effect as if such Successor Entity
had been named as the Company herein.

 

    	10

     

    

 

Notwithstanding
the foregoing, no adjustment shall be made pursuant to this Section 3(f) with respect to an Exempt Issuance (as defined in the
Agreement).

 

(g)
Calculations. All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share,
as the case may be. For purposes of this Section 3, the number of shares of Common Stock deemed to be issued and outstanding as
of a given date shall be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

 

(h)
Notice to Holder.

 

(i)
Adjustment to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the
Company shall promptly email to the Holder a notice setting forth the Exercise Price after such adjustment and any resulting adjustment
to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment. The Holder may supply
an email address to the Company and change such address.

 

(ii)
Notice to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever
form) on the Common Stock, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common
Stock, (C) the Company shall authorize the granting to all holders of the Common Stock rights or warrants to subscribe for or
purchase any shares of capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall
be required in connection with any reclassification of the Common Stock, any consolidation or merger to which the Company is a
party, any sale or transfer of all or substantially all of the assets of the Company, or any compulsory share exchange whereby
the Common Stock is converted into other securities, or (E) the Company shall authorize the voluntary or involuntary dissolution,
liquidation or winding up of the affairs of the Company, then, in each case, the Company shall deliver to the Holder at its last
address as it shall appear upon the Warrant Register of the Company, at least 20 calendar days’ prior to the applicable
record or effective date hereinafter specified, a notice stating (x) the date on which a record is to be taken for the purpose
of such dividend, distribution, redemption, rights or warrants, or if a record is not to be taken, the date as of which the holders
of the Common Stock of record to be entitled to such dividend, distributions, redemption, rights or warrants are to be determined
or (y) the date on which such reclassification, consolidation, merger, sale, transfer or share exchange is expected to become
effective or close, and the date as of which it is expected that holders of the Common Stock of record shall be entitled to exchange
their shares of the Common Stock for securities, cash or other property deliverable upon such reclassification, consolidation,
merger, sale, transfer or share exchange; provided that the failure to email such notice or any defect therein or in the
emailing thereof shall not affect the validity of the corporate action required to be specified in such notice. To the extent
that any notice provided hereunder constitutes, or contains, material, non-public information regarding the Company or any of
the Subsidiaries (as determined in good faith by the Company), the Company shall simultaneously file such notice with the SEC
pursuant to a Current Report on Form 8-K. The Holder shall remain entitled to exercise this Warrant during the period commencing
on the date of such notice to the effective date of the event triggering such notice except as may otherwise be expressly set
forth herein.

 

    	11

     

    

 

Section
4. Transfer of Warrant.

 

(a)
Transferability. Subject to compliance with any applicable securities laws and the provisions of the Agreement, this Warrant
and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in part, upon
surrender of this Warrant at the principal office of the Company or its designated agent, together with a written assignment of
this Warrant substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient
to pay any transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company
shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination
or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion
of this Warrant not so assigned, and this Warrant shall promptly be cancelled. The Warrant, if properly assigned in accordance
herewith, may be exercised by a new holder for the purchase of Warrant Shares without having a new Warrant issued.

 

(b)
New Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office
of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued,
signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved
in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or
Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated
the initial issuance date of this Warrant and shall be identical with this Warrant except as to the number of Warrant Shares issuable
pursuant thereto.

 

(c)
Warrant Register. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose
(the “Warrant Register”), in the name of the record Holder hereof from time to time. The Company may deem and treat
the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution
to the Holder, and for all other purposes, absent actual notice to the contrary.

 

Section
5. Miscellaneous.

 

(a)
No Rights as Stockholder Until Exercise. This Warrant does not entitle the Holder to any voting rights, dividends or other
rights as a stockholder of the Company prior to the exercise hereof other than as explicitly set forth in Section 3.

 

    	12

     

    

 

(b)
Loss, Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence reasonably
satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Warrant
Shares, and upon surrender and cancellation of such Warrant or stock certificate, if mutilated, the Company will make and deliver
a new Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of such Warrant or stock certificate.
In no event shall the Holder be required to post a bond or other security.

 

(c)
Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right
required or granted herein shall not be a Trading Day, then, such action may be taken or such right may be exercised on the next
succeeding Trading Day.

 

(d)
Authorized Shares.

 

The
Company covenants that during the period this Warrant is outstanding, it will reserve from its authorized and unissued Common
Stock, free of preemptive rights three times the number of shares of Common Stock issuable upon exercise of this Warrant, subject
to adjustment pursuant to Section 3. The Company further covenants that its issuance of this Warrant shall constitute full authority
to its officers who are charged with the duty of executing stock certificates to execute and issue the necessary certificates
for the Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company will take all such reasonable
action as may be necessary to assure that such Warrant Shares may be issued as provided herein without violation of any applicable
law or regulation, or of any requirements of any Principal Market upon which the Common Stock may be listed. The Company covenants
that all Warrant Shares which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise
of the purchase rights represented by this Warrant and payment for such Warrant Shares in accordance herewith, be duly authorized,
validly issued, fully paid and non-assessable and free from all taxes, liens and charges created by the Company in respect of
the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

 

In
addition to any other remedies provided by this Warrant or the Agreement, if the Company at any time fails to meet this reservation
of Common Stock requirement within 45 days after written notice from the Holder, it shall pay the Holder as partial liquidated
damages and not as a penalty a sum equal to $500 per day for each $100,000 of such Holder’s Subscription Amount (or the
Subscription Amount of the original Purchaser). The Company shall not enter into any agreement or file any amendment to its Articles
of Incorporation (including the filing of a Certificate of Designation) which conflicts with this Section 5(d) while the Notes
(as defined in the Agreement) and Warrants remain outstanding.

 

Except
and to the extent waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending
its Certificate of Incorporation (or charter) or through any reorganization, transfer of assets, consolidation, merger, dissolution,
issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the
terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all
such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment.
Without limiting the generality of the foregoing, the Company will (i) not increase the par value of any Warrant Shares above
the amount payable therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action as may
be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares
upon the exercise of this Warrant and (iii) use best efforts to obtain all such authorizations, exemptions or consents from any
public regulatory body having jurisdiction thereof, as may be, necessary to enable the Company to perform its obligations under
this Warrant.

 

    	13

     

    

 

Before
taking any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or
in the Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be
necessary from any public regulatory body or bodies having jurisdiction thereof.

 

(e)
Jurisdiction. All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall
be determined in accordance with the provisions of the Agreement.

 

(f)
Restrictions. The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not registered
or if not exercised on a cashless basis when Rule 144 is available, will have restrictions upon resale imposed by state and federal
securities laws.

 

(g)
Non-waiver and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder
shall operate as a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies. Without limiting
any other provision of this Warrant or the other Transaction Documents, if the Company willfully and knowingly fails to comply
with any provision of this Warrant, which results in any material damages to the Holder, the Company shall pay to the Holder such
amounts as shall be sufficient to cover any costs and expenses including, but not limited to, reasonable attorneys’ fees,
including those of appellate proceedings, incurred by the Holder in collecting any amounts due pursuant hereto or in otherwise
enforcing any of its rights, powers or remedies hereunder.

 

(h)
Notices. Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company
shall be delivered in accordance with the notice provisions of the Agreement.

 

(i)
Limitation of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant
to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability
of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted
by the Company or by creditors of the Company.

 

(j)
Remedies. The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages,
will be entitled to specific performance of its rights under this Warrant. The Company agrees that monetary damages would not
be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees
to waive and not to assert the defense in any action for specific performance that a remedy at law would be adequate or that there
is no irreparable harm and not to require the posting of a bond or other security.

 

    	14

     

    

 

(k)
Successors and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby
shall inure to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted
assigns of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant
and shall be enforceable by any Holder from time to time of this Warrant or any Warrant Shares.

 

(l)
Amendment. This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company
and the Holder.

 

(m)
Severability. Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such
provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions
or the remaining provisions of this Warrant.

 

(n)
Headings. The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be
deemed a part of this Warrant.

 

(o)
Most Favored Nations. From the Initial Exercise Date until the Termination Date, in the event that the Company issues or
sells any shares of Common Stock, any securities of the Company which would entitle the holder of such securities to acquire at
any time Common Stock, including, without limitation, any preferred stock, Convertible Securities, rights, Options, warrants,
or other debt or equity instrument that is at any time convertible into, exercisable for, or exchangeable for, or otherwise entitles
the holder to receive Common Stock, the Company shall provide notice to the Holder of such issuance and, if the Holder reasonably
believes that any of the terms and conditions are more favorable to such investors than the terms and conditions of this Warrant,
upon notice to the Company, the Company shall within five Trading Days amend the terms of this Warrant to give the Holder the
benefit of the more favorable terms and conditions. The Holder shall be entitled to rely upon the Company’s representations
and warranties set forth in any agreement containing the more favorable terms and conditions.

 

********************

 

(Signature
Page Follows)

 

    	15

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first
above indicated.

 

	 	AMERICAN
    INTERNATIONAL HOLDINGS CORP.
	 	 	 
	 	By:
    	                                 
	 	Name:	 
	 	Title:	 

 

    	16

     

    

 

NOTICE
OF EXERCISE

 

	To:	AMERICAN
    INTERNATIONAL HOLDINGS CORP.

 

(1)
The undersigned hereby elects to purchase ___________ Warrant Shares of the Company pursuant to the terms of the attached Warrant
(only if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer
taxes, if any.

 

(2)
Payment shall take the form of (check applicable box):

 

[  ]
in lawful money of the United States; or

 

[  ]
if permitted the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection
2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise
procedure set forth in subsection 2(c).

 

(3)
Please issue a certificate or certificates representing said Warrant Shares in the name of the undersigned or in such other name
as is specified below:

_______________________________

 

(4)
After giving effect to this Notice of Exercise, the undersigned will not have exceeded the Beneficial Ownership Limitation.

 

The
Warrant Shares shall be delivered to the following DWAC Account Number or by physical delivery of a certificate to:

 

_______________________________

 

_______________________________

 

_______________________________

 

SIGNATURE
OF HOLDER

 

Name
of Investing Entity: _______________________________________________________________

Signature
of Authorized Signatory of Investing Entity: _________________________________________

Name
of Authorized Signatory: _________________________________________________________

Title
of Authorized Signatory: __________________________________________________________

Date:
____________________________________________________________________________

 

    	17

     

    

 

ASSIGNMENT
FORM

 

(To
assign the foregoing warrant, execute

this form and supply required information.

Do not use this form to exercise the warrant.)

 

AMERICAN
INTERNATIONAL HOLDINGS CORP.

 

FOR
VALUE RECEIVED, ____ all of or _______ shares of the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

_______________________________________________
whose address is

 

_______________________________________________________________

 

_______________________________________________________________

 

Dated:
______________, _______

 

Holder’s
Signature: _____________________________

 

Holder’s
Address: _____________________________

 

_____________________________

 

Signature
Guaranteed: ___________________________________________

 

NOTE:
The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration
or enlargement or any change whatsoever, and must be guaranteed by a bank or trust company. Officers of corporations and those
acting in a fiduciary or other representative capacity should file proper evidence of authority to assign the foregoing Warrant.

 

    	18Exhibit 10.4

  

SECURITY
AGREEMENT

 

THIS
SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”)
dated as of January 6, 2021, between American International Holdings Corp., a Nevada corporation (the “Company”),
VISSIA Mckinney, LLC, a Texas limited liability company (“Mckinney”), VISSIA Waterway, Inc., a Texas corporation (“Waterway”),
EPIQ MD, Inc., a Nevada corporation (“EPIQ”), Legend Nutrition, Inc., a Texas corporation (“Legend”),
Life Guru, Inc., a Delaware corporation (“Life”), and ZipDoctor, Inc. (“Zip”), and together with Mckinney,
Waterway, EPIQ, Legend, Life and Zip, each a “Subsidiary” and collectively the “Subsidiaries”) (the Company,
the Subsidiaries, and each other Person who becomes a party to this Agreement by execution of a joinder in the form of Exhibit
A attached hereto, which shall include all wholly-owned or majority-owned subsidiaries of the Company acquired after the date
hereof for so long as this Agreement remains in effect, are hereinafter sometimes referred to individually as a “Debtor”
and, collectively, as the “Debtors”) and [               ], a [               ], in its capacity as Collateral Agent for the benefit of itself
and each of the Purchasers (as hereinafter defined) (together with their respective successors and assigns, each a “Secured
Party” and collectively, the “Secured Parties”). WHEREAS, the purchasers as from time-to-time parties to the
SPA (as hereafter defined), together with their successors and assigns, and each other purchaser of a Note (as hereafter defined)
together with their respective successors and assigns, (the “Purchasers”), will purchase from the Company certain
senior secured notes each made by the Company and dated as of the date hereof in an original aggregate principal amount of $1,350,000
(all such notes, together with any promissory notes or other securities issued in exchange or substitution therefor or replacement
thereof, and as any of the same may be amended, supplemented, restated or modified and in effect from time to time, the “Notes”),
and receive certain Common Stock Purchase Warrants (all such Warrants, together with any promissory notes or other securities
issued in exchange or substitution therefor or replacement thereof, and as any of the same may be amended, supplemented, restated
or modified and in effect from time to time);

 

WHEREAS,
the Notes are being acquired by the Secured Parties , and the Secured Parties have made certain financial accommodations to the
Company pursuant to Securities Purchase Agreements, dated as of the date hereof, by and among the Company and the Secured Parties
(as the same may be amended, restated, supplemented or otherwise modified from time-to-time, the “SPA”). Capitalized
terms used herein but not otherwise defined shall have the meanings set forth in the SPA;

 

WHEREAS,
each Debtor will derive substantial benefit and advantage from the financial accommodations to the Company set forth in the SPA
and the Notes, and it will be to each such Debtor’s direct interest and economic benefit to assist the Company in procuring
said financial accommodations from the Secured Parties;

 

WHEREAS,
to induce the Secured Parties to enter into the SPA and purchase the Notes, and thereby make the investment in the Company more
secure, (i) each Debtor (other than the Company) will guaranty the Obligations (as hereinafter defined) of the Company pursuant
to the terms of one or more guaranties by each such Debtor in favor of the Secured Parties (such guaranties, as amended, restated,
modified or supplemented and in effect from time-to-time, individually, a “Subsidiary Guaranty”, and collectively,
the “Subsidiary Guaranties”) and (ii) each Debtor will pledge and grant a security interest in all of its right, title
and interest in and to the Collateral (as hereinafter defined) as security for its Obligations for the benefit of the Secured
Parties.

 

    	 

     

    

 

NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

 

Section
1. Definitions. Capitalized terms used herein without definition and defined in the SPA are used herein as defined therein.
In addition, as used herein:

 

“Accounts”
means any “account,” as such term is defined in the UCC, and, in any event, shall include, without limitation, “supporting
obligations” as defined in the UCC.

 

“Chattel
Paper” means any “chattel paper,” as such term is defined in the UCC.

 

“Collateral”
shall have the meaning ascribed thereto in Section 3 hereof.

 

“Collateral
Agent” shall mean [               ].

 

“Commercial
Tort Claims” means “commercial tort claims”, as such term is defined in the UCC.

 

“Contracts”
means all contracts, undertakings, or other agreements (other than rights evidenced by Chattel Paper, Documents or Instruments)
in or under which a Debtor may now or hereafter have any right, title or interest, including, without limitation, with respect
to an Account, any agreement relating to the terms of payment or the terms of performance thereof.

 

“Copyrights”
means any copyrights, rights and interests in copyrights, works protectable by copyrights, copyright registrations and copyright
applications, including, without limitation, the copyright registrations and applications listed on Schedule III attached
hereto (if any), and all renewals of any of the foregoing, all income, royalties, damages and payments now and hereafter due and/or
payable under or with respect to any of the foregoing, including, without limitation, damages and payments for past, present and
future infringements of any of the foregoing and the right to sue for past, present and future infringements of any of the foregoing.

 

“Deposit
Accounts” means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name
of a Debtor.

 

“Documents”
means any “documents,” as such term is defined in the UCC, and shall include, without limitation, all documents of
title (as defined in the UCC), bills of lading or other receipts evidencing or representing Inventory or Equipment.

 

“Equipment”
means any “equipment,” as such term is defined in the UCC and, in any event, shall include, Motor Vehicles.

 

“Event
of Default” shall have the meaning set forth in the Notes.

 

    	 	2	 

    	 

    

 

“Excluded
Assets” means any lease, license or other agreement or any property subject to a capital lease, purchase money security
interest or similar arrangement, to the extent that a grant of a Lien thereon in favor of an applicable Secured Party would violate
or invalidate such lease, license, agreement or capital lease, purchase money security interest or similar arrangement or create
a right of termination in favor of any other party thereto (other than the Debtors), so long as such provision exists and so long
as such lease, license or agreement was not entered into in contemplation of circumventing the obligation to provide Collateral
hereunder or in violation of the SPA, other than to the extent that any such term would be rendered ineffective pursuant to Sections
9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable
law including the bankruptcy code, or principles of equity.

 

“General
Intangibles” means any “general intangibles,” as such term is defined in the UCC, and, in any event, shall include,
without limitation, all right, title and interest in or under any Contract, models, drawings, materials and records, claims, literary
rights, goodwill, rights of performance, Copyrights, Trademarks, Patents, warranties, rights under insurance policies and rights
of indemnification.

 

“Goods”
means any “goods”, as such term is defined in the UCC, including, without limitation, fixtures and embedded Software
to the extent included in “goods” as defined in the UCC.

 

“Governmental
Authority” means the government of the United States of America or any other nation, or any political subdivision thereof,
whether state or local, or any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administration powers or functions of or pertaining to government over
any Debtor or any of its subsidiaries, or any of their respective properties, assets or undertakings.

 

“Instruments”
means any “instrument,” as such term is defined in the UCC, and shall include, without limitation, promissory notes,
drafts, bills of exchange, trade acceptances, letters of credit, letter of credit rights (as defined in the UCC), and Chattel
Paper.

 

“Inventory”
means any “inventory,” as such term is defined in the UCC.

 

“Investment
Property” means any “investment property”, as such term is defined in the UCC.

 

“Obligations”
means all obligations, liabilities and indebtedness of every nature of Debtors from time to time owed or owing under or in respect
of the Transaction Documents, including, without limitation, the principal amount of all debts, claims and indebtedness, accrued
and unpaid interest and all fees, costs and expenses, whether primary, secondary, direct, contingent, fixed or otherwise, heretofore,
now and/or from time to time hereafter owing, due or payable whether before or after the filing of a bankruptcy, insolvency or
similar proceeding under applicable federal, state, foreign or other law and whether or not an allowed claim in any such proceeding.

 

“Lien”
has the meaning set forth in the SPA.

 

    	3

     

    

 

“Motor
Vehicles” shall mean motor vehicles, tractors, trailers and other like property, whether or not the title thereto is governed
by a certificate of title or ownership.

 

“Patents”
means any patents and patent applications, including, without limitation, the inventions and improvements described and claimed
therein, all patentable inventions and those patents and patent applications listed on Schedule IV attached hereto (if
any), and the reissues, divisions, continuations, renewals, extensions and continuations-in-part of any of the foregoing, and
all income, royalties, damages and payments now or hereafter due and/or payable under or with respect to any of the foregoing,
including, without limitation, damages and payments for past, present and future infringements of any of the foregoing and the
right to sue for past, present and future infringements of any of the foregoing.

 

“Permitted
Indebtedness” has the meaning set forth in the Notes.

 

“Permitted
Lien” has the meaning set forth in the Notes.

 

“Proceeds”
means “proceeds,” as such term is defined in the UCC and, in any event, includes, without limitation, (a) any and
all proceeds of any insurance, indemnity, warranty or guaranty payable with respect to any of the Collateral, (b) any and all
payments (in any form whatsoever) made or due and payable from time to time in connection with any requisition, confiscation,
condemnation, seizure or forfeiture of all or any part of the Collateral by any Governmental Authority (or any person acting under
color of Governmental Authority), and (c) any and all other amounts from time to time paid or payable under, in respect of or
in connection with any of the Collateral.

 

“Representative”
means any Person acting as agent, representative or trustee on behalf of the Collateral Agent from time-to-time.

 

“Software”
means all “software” as such term is defined in the UCC, now owned or hereafter acquired by a Debtor, other than software
embedded in any category of Goods, including, without limitation, all computer programs and all supporting information provided
in connection with a transaction related to any program.

 

“Trademarks”
means any trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service
marks, logos, other business identifiers, prints and labels on which any of the foregoing have appeared or appear, all registrations
and recordings thereof, and all applications in connection therewith, including, without limitation, the trademarks and applications
listed in Schedule V attached hereto (if any) and renewals thereof, and all income, royalties, damages and payments now
or hereafter due and/or payable under or with respect to any of the foregoing, including, without limitation, damages and payments
for past, present and future infringements of any of the foregoing and the right to sue for past, present and future infringements
of any of the foregoing.

 

“Transaction
Documents” means the SPAs, the Notes, the Warrants, and any other related agreements.

 

    	4

     

    

 

“UCC”
shall mean the Uniform Commercial Code as in effect from time to time in the State of New York; provided, that to the extent that
the Uniform Commercial Code is used to define any term herein and such term is defined differently in different Articles or Divisions
of the Uniform Commercial Code, the definition of such term contained in Article or Division 9 shall govern.

 

Section
2. Representations, Warranties and Covenants of Debtors. Each Debtor represents and warrants to, and covenants with, the
Collateral Agent and each Secured Party as follows:

 

(a)
Subject to the Permitted Liens, such Debtor has or will have rights in and the power to transfer the Collateral in which it purports
to grant a security interest pursuant to Section 3 hereof (subject, with respect to after acquired Collateral, to such Debtor
acquiring the same) and no Lien other than a Permitted Lien exists or will exist upon such Collateral at any time.

 

(b)
Subject to the Permitted Liens, this Agreement is effective to create in favor of the Collateral Agent a valid security interest
in and Lien upon all of such Debtor’s right, title and interest in and to the Collateral, and upon (i) the filing of appropriate
UCC financing statements in the jurisdictions listed on Schedule I attached hereto, (ii) creation of each Deposit Account,
(iii) filings in the United States Patent and Trademark Office, or United States Copyright Office with respect to Collateral that
constitutes Patents and Trademarks, or Copyrights, as the case may be, (iv) the filing of the Mortgages in the jurisdictions listed
on Schedule I hereto, (v) the delivery to the Collateral Agent of the Pledged Collateral together with assignments in blank,
(vi) the security interest created hereby being noted on each certificate of title evidencing the ownership of any Motor Vehicle
in accordance with Section 4.1(d) hereof and (v) delivery to the Collateral Agent or its Representative of Instruments duly endorsed
by such Debtor or accompanied by appropriate instruments of transfer duly executed by such Debtor with respect to Instruments
not constituting Chattel Paper, such security interest will be a duly perfected first priority perfected security interest (subject
to Permitted Indebtedness) in all of the Collateral.

 

(c)
All of the Equipment, Inventory and Goods owned by such Debtor is located at the places as specified on Schedule I attached
hereto. Except as disclosed on Schedule I, none of the Collateral is in the possession of any bailee, warehousemen, processor
or consignee. Schedule I discloses such Debtor’s name as of the date hereof as it appears in official filings in
the state or province, as applicable, of its incorporation, formation or organization, the type of entity of such Debtor (including
corporation, partnership, limited partnership or limited liability company), organizational identification number issued by such
Debtor’s state of incorporation, formation or organization (or a statement that no such number has been issued), such Debtor’s
state or province, as applicable, of incorporation, formation or organization and the chief place of business, chief executive
office and the office where such Debtor keeps its books and records and the states in which such Debtor conducts its business.
Such Debtor has only one state or province, as applicable, of incorporation, formation or organization. Such Debtor does not do
business and has not done business during the past five years under any trade name or fictitious business name except as disclosed
on Schedule II attached hereto.

 

    	5

     

    

 

(d)
No Copyrights, Patents or Trademarks listed on Schedules III, IV and V, respectively, if any, have been adjudged invalid
or unenforceable or have been canceled, in whole or in part, or are not presently subsisting. Each of such Copyrights, Patents
and Trademarks (if any) is valid and enforceable. Subject to the Permitted Lien, such Debtor is the sole and exclusive owner of
the entire and unencumbered right, title and interest in and to each of such Copyrights, Patents and Trademarks, identified on
Schedules III, IV and V, as applicable, as being owned by such Debtor, free and clear of any liens (subject to the Permitted
Lien), charges and encumbrances, including without limitation licenses, shop rights and covenants by such Debtor not to sue third
persons. Such Debtor has adopted, used and is currently using, or has a current bona fide intention to use, all of such Trademarks
and Copyrights. Such Debtor has no notice of any suits or actions commenced or threatened with reference to the Copyrights, Patents
or Trademarks owned by it.

 

(e)
Each Debtor agrees to deliver to the Collateral Agent an updated Schedule I, II, III, IV and/or V within five Trading Days
of any change thereto.

 

(f)
All depositary and other accounts including, without limitation, Deposit Accounts, securities accounts, brokerage accounts and
other similar accounts, maintained by each Debtor are described on Schedule VI hereto, which description includes for each
such account the name of the Debtor maintaining such account, the name, address and telephone and telecopy numbers of the financial
institution at which such account is maintained, the account number and the account officer, if any, of such account. No Debtor
shall open any new Deposit Accounts, securities accounts, brokerage accounts or other accounts unless such Debtor shall have given
the Collateral Agent 10 Trading Days’ prior written notice of its intention to open any such new accounts. Each Debtor shall
deliver to the Collateral Agent a revised version of Schedule VI showing any changes thereto within five Trading Days of
any such change. Each Debtor hereby authorizes the financial institutions at which such Debtor maintains an account to provide
the Collateral Agent with such information with respect to such account as the Collateral Agent from time to time reasonably may
request, and each Debtor hereby consents to such information being provided to the Collateral Agent. In addition, all of such
Debtor’s depositary, security, brokerage and other accounts including, without limitation, Deposit Accounts shall be subject
to the provisions of Section 2 hereof.

 

(g)
Such Debtor does not own any Commercial Tort Claim except for those disclosed on Schedule VII hereto (if any).

 

(h)
Such Debtor does not have any interest in real property with respect to real property except as disclosed on Schedule VIII
(if any). Each Debtor shall deliver to the Collateral Agent a revised version of Schedule VIII showing any changes
thereto within 10 Trading Days of any such change. Except as otherwise agreed to by the Collateral Agent, all such interests in
real property with respect to such real property are subject to a mortgage and deed of trust (in form and substance satisfactory
to the Collateral Agent) in favor of the Collateral Agent (hereinafter, a “Mortgage”).

 

(i)
Each Debtor shall duly and properly record each interest in real property held by such Debtor, except with respect to easements,
rights of way, access agreements, surface damage agreements, surface use agreements or similar agreements that such Debtor, using
prudent customs and practices in the industry in which it operates, does not believe are of material value or material to the
operation of such Debtor’s business or, with respect to state and federal rights of way, are not capable of being recorded
as a matter of state and federal law.

 

    	6

     

    

 

(j)
All Equipment (including, without limitation, Motor Vehicles) owned by a Debtor and subject to a certificate of title or ownership
statute is described on Schedule IX hereto.

 

Section
3. Collateral. As collateral security for the prompt payment in full when due (whether at stated maturity, by acceleration
or otherwise) of the Obligations, each Debtor hereby pledges and grants to the Collateral Agent, for the benefit of itself and
each Secured Party, a Lien on and security interest in and to all of such Debtor’s right, title and interest in the following
properties and assets of such Debtor, whether now owned by such Debtor or hereafter acquired and whether now existing or hereafter
coming into existence and wherever located (all being collectively referred to herein as “Collateral”):

 

(a)
all Instruments, together with all payments thereon or thereunder:

 

(b)
all Accounts;

 

(c)
all Inventory;

 

(d)
all General Intangibles (including payment intangibles (as defined in the UCC) and Software);

 

(e)
all Equipment;

 

(f)
all Documents;

 

(g)
all Contracts;

 

(h)
all Goods;

 

(i)
all Investment Property, including without limitation all equity interests now owned or hereafter acquired by such Debtor;

 

(j)
all Deposit Accounts, including, without limitation, the balance from time to time in all bank accounts maintained by such Debtor;

 

(k)
all Commercial Tort Claims specified on Schedule VII;

 

(l)
all Trademarks, Patents and Copyrights; and

 

(m)
all other tangible and intangible property of such Debtor, including, without limitation, all interests in real property, Proceeds,
tort claims, products, accessions, rents, profits, income, benefits, substitutions, additions and replacements of and to any of
the property of such Debtor described in the preceding clauses of this Section 3 (including, without limitation, any proceeds
of insurance thereon, insurance claims and all rights, claims and benefits against any Person relating thereto), other rights
to payments not otherwise included in the foregoing, and all books, correspondence, files, records, invoices and other papers,
including without limitation all tapes, cards, computer runs, computer programs, computer files and other papers, documents and
records in the possession or under the control of such Debtor, or any computer bureau or service company from time to time acting
for such Debtor.

 

    	7

     

    

 

Notwithstanding
anything to the contrary contained herein or in any Transaction Document, in no event shall the security interest granted herein
or therein attach to any Excluded Assets.

 

Section
4. Covenants; Remedies. In furtherance of the grant of the pledge and security interest pursuant to Section 3 hereof, each
Debtor hereby agrees as follows:

 

4.1
Delivery and Other Perfection; Maintenance, etc. 

 

(a)
Delivery of Instruments, Documents, Etc. Each Debtor shall deliver and pledge to the Collateral Agent or its Representative
any and all Instruments, negotiable Documents, Chattel Paper and certificated securities (accompanied by stock powers executed
in blank, which stock powers may be filled in and completed at any time upon the occurrence of any Event of Default) duly endorsed
and/or accompanied by such instruments of assignment and transfer executed by such Debtor in such form and substance as the Collateral
Agent or its Representative may request; provided, that so long as no Event of Default shall have occurred and be continuing,
each Debtor may retain for collection in the ordinary course of business any Instruments, negotiable Documents and Chattel Paper
received by such Debtor in the ordinary course of business, and the Collateral Agent or its Representative shall, promptly upon
request of a Debtor, make appropriate arrangements for making any other Instruments, negotiable Documents and Chattel Paper pledged
by such Debtor available to such Debtor for purposes of presentation, collection or renewal (any such arrangement to be effected,
to the extent deemed appropriate by the Collateral Agent or its Representative, against a trust receipt or like document). If
a Debtor retains possession of any Chattel Paper, negotiable Documents or Instruments pursuant to the terms hereof, such Chattel
Paper, negotiable Documents and Instruments shall be marked with the following legend: “This writing and the obligations
evidenced or secured hereby are subject to the security interest of [              ], in its capacity as Collateral Agent for the benefit of
the Purchasers, as Secured Parties.”

 

(b)
Other Documents and Actions. Each Debtor shall give, execute, deliver, file and/or record any financing statement, registration,
notice, instrument, document, agreement, Mortgage or other papers that may be necessary or desirable (in the reasonable judgment
of the Collateral Agent or its Representative) to create, preserve, perfect or validate the security interest granted pursuant
hereto (or any security interest or mortgage contemplated or required hereunder, including with respect to Section 2(h) of this
Agreement) or to enable the Collateral Agent or its Representative to exercise and enforce the rights of the Secured Parties hereunder
with respect to such pledge and security interest, provided that notices to account debtors in respect of any Accounts
or Instruments shall be subject to the provisions of clause (e) below. Notwithstanding the foregoing each Debtor hereby irrevocably
authorizes the Collateral Agent at any time and from time to time to file in any filing office in any jurisdiction any initial
financing statements (and other similar filings or registrations under other applicable laws and regulations pertaining to the
creation, attachment, or perfection of security interests) and amendments thereto that (a) indicate the Collateral (i) as all
assets of such Debtor or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls
within the scope of Article 9 of the UCC, or (ii) as being of an equal or lesser scope or with greater detail, and (b) contain
any other information required by part 5 of Article 9 of the UCC for the sufficiency or filing office acceptance of any financing
statement or amendment, including (i) whether such Debtor is an organization, the type of organization and any organization identification
number issued to such Debtor, and (ii) in the case of a financing statement filed as a fixture filing, a sufficient description
of real property to which the Collateral relates. Each Debtor agrees to furnish any such information to the Collateral Agent promptly
upon request. Each Debtor also ratifies its authorization for the Collateral Agent to have filed in any jurisdiction any like
initial financing statements or amendments thereto if filed prior to the date hereof.

 

    	8

     

    

 

(c)
Books and Records. Each Debtor shall maintain at its own cost and expense complete and accurate books and records of the
Collateral, including, without limitation, a record of all payments received and all credits granted with respect to the Collateral
and all other dealings with the Collateral. Upon the occurrence and during the continuation of any Event of Default, each Debtor
shall deliver and turn over any such books and records (or true and correct copies thereof) to the Collateral Agent or its Representative
at any time on demand. Each Debtor shall permit the Collateral Agent or any Representative of the Collateral Agent to inspect
such books and records at any time during reasonable business hours and will provide photocopies thereof at such Debtor’s
expense to the Collateral Agent or its Representative upon request of the Collateral Agent or its Representative.

 

(d)
Motor Vehicles. Each Debtor shall, promptly upon acquiring same, cause the Collateral Agent to be listed as the lienholder
on each certificate of title or ownership covering any items of Equipment, including Motor Vehicles, having a value in excess
of $50,000 individually or in the aggregate for all such items of Equipment of the Debtor, or otherwise comply with the certificate
of title or ownership laws of the relevant jurisdiction issuing such certificate of title or ownership in order to properly evidence
and perfect the Collateral Agent’s security interest in the assets represented by such certificate of title or ownership.

 

(e)
Notice to Account Debtors; Verification. (i) Upon the occurrence and during the continuance of any Event of Default (or
if any rights of set-off (other than set-offs against an Account arising under the Contract giving rise to the same Account) or
contra-accounts may be asserted, upon request of the Collateral Agent or its Representative, each Debtor shall promptly notify
(and each Debtor hereby authorizes the Collateral Agent and its Representative so to notify) each account debtor in respect of
any Accounts or Instruments or other Persons obligated on the Collateral that such Collateral has been assigned to the Collateral
Agent hereunder, and that any payments due or to become due in respect of such Collateral are to be made directly to the Collateral
Agent, and (ii) the Collateral Agent and its Representative shall have the right at any time or times to make direct verification
with the account debtors or other Persons obligated on the Collateral of any and all of the Accounts or other such Collateral.

 

(f)
Intellectual Property. Each Debtor represents and warrants that the Copyrights, Patents and Trademarks listed on Schedules
III, IV and V, respectively (if any), constitute all of the registered Copyrights and all of the Patents and Trademarks now
owned by such Debtor. If such Debtor shall (i) obtain rights to any new patentable inventions, any registered Copyrights or any
Patents or Trademarks, or (ii) become entitled to the benefit of any registered Copyrights or any Patents or Trademarks or any
improvement on any Patent, the provisions of this Agreement above shall automatically apply thereto and such Debtor shall give
to the Collateral Agent prompt written notice thereof. Each Debtor hereby authorizes the Collateral Agent to modify this Agreement
by amending Schedules III, IV and V, as applicable, to include any such registered Copyrights or any such Patents and Trademarks.
Each Debtor shall have the duty (i) to prosecute diligently any patent, trademark, or service mark applications pending as of
the date hereof or hereafter, (ii) to preserve and maintain all rights in the Copyrights, Patents and Trademarks, to the extent
material to the operations of the business of such Debtor and (iii) to ensure that the Copyrights, Patents and Trademarks are
and remain enforceable, to the extent material to the operations of the business of such Debtor. Any expenses incurred in connection
with such Debtor’s obligations under this Section 4.1(f) shall be borne by such Debtor. Except for any such items that a
Debtor reasonably believes (using prudent industry customs and practices) are no longer necessary for the on-going operations
of its business, no Debtor shall abandon any material right to file a patent, trademark or service mark application, or abandon
any pending patent, trademark or service mark application or any other Copyright, Patent or Trademark without the prior written
consent of the Collateral Agent.

 

    	9

     

    

 

(g)
Further Identification of Collateral. Each Debtor will, when and as often as requested by the Collateral Agent or its Representative,
furnish to the Collateral Agent or such Representative, statements and schedules further identifying and describing the Collateral
and such other reports in connection with the Collateral as the Collateral Agent or its Representative may reasonably request,
all in reasonable detail.

 

(h)
Investment Property. Each Debtor will take any and all actions required or requested by the Collateral Agent or its Representative,
from time to time, to (i) cause the Collateral Agent to obtain exclusive control of any Investment Property owned by such Debtor
in a manner acceptable to the Collateral Agent and (ii) obtain from any issuers of Investment Property and such other Persons
written confirmation of the Collateral Agent’s control over such Investment Property. For purposes of this Section 4.1(h),
the Collateral Agent shall have exclusive control of Investment Property if (i) such Investment Property consists of certificated
securities and a Debtor delivers such certificated securities to the Collateral Agent (with appropriate endorsements if such certificated
securities are in registered form); (ii) such Investment Property consists of uncertificated securities and either (x) a Debtor
delivers such uncertificated securities to the Collateral Agent or (y) the issuer thereof agrees, pursuant to documentation in
form and substance satisfactory to the Collateral Agent, that it will comply with instructions originated by the Collateral Agent
without further consent by such Debtor, and (iii) such Investment Property consists of security entitlements and either (x) the
Collateral Agent becomes the entitlement holder thereof or (y) the appropriate securities intermediary agrees, pursuant to the
documentation in form and substance satisfactory to the Collateral Agent, that it will comply with entitlement orders originated
by the Collateral Agent without further consent by any Debtor.

 

(i)
Commercial Tort Claims. Each Debtor shall promptly notify the Collateral Agent of any Commercial Tort Claim acquired by
it that concerns a claim in excess of $50,000 and unless otherwise consented to by the Collateral Agent, such Debtor shall enter
into a supplement to this Agreement granting to the Secured Parties a Lien on and security interest in such Commercial Tort Claim.

 

4.2
Other Liens. Other than Permitted Liens as defined in the Notes, Debtors will not create, permit or suffer to exist, and
will defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral except Permitted
Indebtedness, and will defend the right, title and interest of the Secured Parties in and to the Collateral and in and to all
Proceeds thereof against the claims and demands of all Persons whatsoever.

 

    	10

     

    

 

4.3
Preservation of Rights. Whether or not any Event of Default has occurred or is continuing, the Collateral Agent and its
Representative may, but shall not be required to, take any steps the Collateral Agent or its Representative deems necessary or
appropriate to preserve any Collateral or any rights against third parties to any of the Collateral, including obtaining insurance
for the Collateral at any time when such Debtor has failed to do so, and Debtors shall promptly pay, or reimburse the Collateral
Agent for, all expenses incurred in connection therewith.

 

4.4
Formation of Subsidiaries; Name Change; Location; Bailees.

 

(a)
No Debtor shall form or acquire any subsidiary unless (i) such Debtor pledges all of the stock or equity interests of such subsidiary
to the Secured Parties pursuant to an agreement in a form agreed to by the Collateral Agent, (ii) such subsidiary becomes a party
to this Agreement and all other applicable Transaction Documents and (iii) the formation or acquisition of such subsidiary is
not prohibited by the terms of the Transaction Documents.

 

(b)
No Debtor shall (i) reincorporate or reorganize itself under the laws of any jurisdiction other than the jurisdiction in which
it is incorporated or organized as of the date hereof, or (ii) otherwise change its name, identity or corporate structure, in
each case, without the prior written consent of the Collateral Agent, which consent shall not be unreasonably withheld. Each Debtor
will notify the Collateral Agent promptly in writing prior to any such change in the proposed use by such Debtor of any tradename
or fictitious business name other than any such name set forth on Schedule II attached hereto.

 

(c)
Except for the sale of Inventory in the ordinary course of business and other sales of assets expressly permitted by the terms
of the SPA, each Debtor will keep the Collateral at the locations specified in Schedule I. Each Debtor will give the Collateral
Agent thirty (30) day’s prior written notice of any change in such Debtor’s chief place of business or of any new
location for any of the Collateral.

 

(d)
If any Collateral is at any time in the possession or control of any warehousemen, bailee, consignee or processor, such Debtor
shall, upon the request of the Collateral Agent or its Representative, notify such warehousemen, bailee, consignee or processor
of the Lien and security interest created hereby and shall instruct such Person to hold all such Collateral for Secured Parties
account(s) subject to the Collateral Agent’s instructions.

 

(e)
Each Debtor acknowledges that it is not authorized to file any financing statement or amendment or termination statement with
respect to any financing statement without the prior written consent of the Collateral Agent and agrees that it will not do so
without the prior written consent of the Collateral Agent, subject to such Debtor’s rights under Section 9-509(d)(2) to
the UCC.

 

(f)
No Debtor shall enter into any Contract that restricts or prohibits the grant to any Secured Party of a security interest in Accounts,
Chattel Paper, Instruments or payment intangibles or the proceeds of the foregoing.

 

    	11

     

    

 

4.5
Reserved.

 

4.6
Events of Default, Etc. During the period during which an Event of Default shall have occurred and be continuing subject
to the Permitted Lien:

 

(a)
each Debtor shall, at the request of the Collateral Agent or its Representative, assemble the Collateral and make it available
to the Collateral Agent or its Representative at a place or places designated by the Collateral Agent or its Representative which
are reasonably convenient to the Collateral Agent or its Representative, as applicable, and such Debtor;

 

(b)
the Collateral Agent or its Representative may make any reasonable compromise or settlement deemed desirable with respect to any
of the Collateral and may extend the time of payment, arrange for payment in installments, or otherwise modify the terms of, any
of the Collateral;

 

(c)
the Collateral Agent shall have all of the rights and remedies with respect to the Collateral of a secured party under the UCC
(whether or not said UCC is in effect in the jurisdiction where the rights and remedies are asserted) and such additional rights
and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies hereunder
may be asserted, including, without limitation, the right, to the maximum extent permitted by law, to: (i) exercise all voting,
consensual and other powers of ownership pertaining to the Collateral as if the Collateral Agent were the sole and absolute owner
thereof (and each Debtor agrees to take all such action as may be appropriate to give effect to such right) and (ii) the appointment
of a receiver or receivers for all or any part of the Collateral or business of a Debtor, whether such receivership be incident
to a proposed sale or sales of such Collateral or otherwise and without regard to the value of the Collateral or the solvency
of any person or persons liable for the payment of the Obligations secured by such Collateral. Each Debtor hereby consents to
the appointment of such receiver or receivers, waives any and all defenses to such appointment and agrees that such appointment
shall in no manner impair, prejudice or otherwise affect the rights of the Collateral Agent or any Secured Party under this Agreement.
Each Debtor hereby expressly waives notice of a hearing for appointment of a receiver and the necessity for bond or an accounting
by the receiver;

 

(d)
the Collateral Agent or its Representative in its discretion may, in the name of the Collateral Agent or in the name of a Debtor
or otherwise, demand, sue for, collect or receive any money or property at any time payable or receivable on account of or in
exchange for any of the Collateral, but shall be under no obligation to do so;

 

(e)
the Collateral Agent or its Representative may take immediate possession and occupancy of any premises owned, used or leased by
a Debtor and exercise all other rights and remedies which may be available to the Collateral Agent or a Secured Party;

 

    	12

     

    

 

(f)
the Collateral Agent may, upon reasonable notice (such reasonable notice to be determined by the Collateral Agent in its sole
and absolute discretion, which shall not be less than 10 days), with respect to the Collateral or any part thereof which shall
then be or shall thereafter come into the possession, custody or control of the Collateral Agent or its Representative, sell,
lease, license, assign or otherwise dispose of all or any part of such Collateral, at such place or places as the Collateral Agent
deems best, and for cash or for credit or for future delivery (without thereby assuming any credit risk), at public or private
sale, without demand of performance or notice of intention to effect any such disposition or of the time or place thereof (except
such notice as is required above or by applicable statute and cannot be waived), and the Collateral Agent or anyone else may be
the purchaser, lessee, licensee, assignee or recipient of any or all of the Collateral so disposed of at any public sale (or,
to the extent permitted by law, at any private sale) and thereafter hold the same absolutely, free from any claim or right of
whatsoever kind, including any right or equity of redemption (statutory or otherwise), of Debtors, any such demand, notice and
right or equity being hereby expressly waived and released. The Collateral Agent may, without notice or publication, adjourn any
public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for the
sale, and such sale may be made at any time or place to which the sale may be so adjourned; and

 

(g)
the rights, remedies and powers conferred by this Section 4.6 are in addition to, and not in substitution for, any other rights,
remedies or powers that the Collateral Agent or any Secured Party may have under any Transaction Document, at law, in equity or
by or under the UCC or any other statute or agreement. The Collateral Agent may proceed by way of any action, suit or other proceeding
at law or in equity and no right, remedy or power of the Collateral Agent will be exclusive of or dependent on any other. The
Collateral Agent may exercise any of its rights, remedies or powers separately or in combination and at any time.

 

The
proceeds of each collection, sale or other disposition under this Section 4.6 shall be applied in accordance with Section 4.9
hereof.

 

4.7
Deficiency. If the proceeds of sale, collection or other realization of or upon the Collateral are insufficient to cover
the costs and expenses of such realization and the payment in full of the Obligations, Debtors shall remain jointly and severally
liable for any deficiency.

 

4.8
Private Sale. Each Debtor recognizes that the Collateral Agent may be unable to effect a public sale of any or all of the
Collateral consisting of securities by reason of certain prohibitions contained in the Securities Act of 1933, as amended (the
“Act”), and applicable state securities laws, but may be compelled to resort to one or more private sales thereof
to a restricted group of purchasers who will be obliged to agree, among other things, to acquire such Collateral for their own
account for investment and not with a view to the distribution or resale thereof. Each Debtor acknowledges and agrees that any
such private sale may result in prices and other terms less favorable to the seller than if such sale were a public sale and each
Debtor agrees that it is not commercially unreasonable for the Collateral Agent to engage in any such private sales or dispositions
under such circumstances. The Collateral Agent shall be under no obligation to delay a sale of any of the Collateral to permit
a Debtor to register such Collateral for public sale under the Act, or under applicable state securities laws, even if Debtors
would agree to do so. The Collateral Agent shall not incur any liability as a result of the sale of any such Collateral, or any
part thereof, at any private sale provided for in this Agreement conducted in a commercially reasonable manner, and so long as
the Collateral Agent conducts such sale in a commercially reasonable manner each Debtor hereby waives any claims against the Collateral
Agent or any Secured Party arising by reason of the fact that the price at which the Collateral may have been sold at such a private
sale was less than the price which might have been obtained at a public sale or was less than the aggregate amount of the Obligations,
even if the Collateral Agent accepts the first offer received and does not offer the Collateral to more than one offeree.

 

    	13

     

    

 

Each
Debtor further agrees to do or cause to be done all such other acts and things as may be necessary to make such sale or sales
of any portion or all of any such Collateral valid and binding and in compliance with any and all applicable laws, regulations,
orders, writs, injunctions, decrees or awards of any and all courts, arbitrators or governmental instrumentalities, domestic or
foreign, having jurisdiction over any such sale or sales, all at such Debtor’s expense. Each Debtor further agrees that
a breach of any of the covenants contained in this Section 4.8 will cause irreparable injury to the Secured Parties, that the
Secured Parties have no adequate remedy at law in respect of such breach and, as a consequence, agrees that each and every covenant
contained in this Section 4.8 shall be specifically enforceable against Debtors by Collateral Agent of behalf of each Secured
Party, and each Debtor hereby waives and agrees not to assert any defenses against an action for specific performance of such
covenants except for a defense that no Event of Default has occurred and is continuing.

 

4.9
Application of Proceeds. The proceeds of any collection, sale or other realization of all or any part of the Collateral,
and any other cash at the time held by the Collateral Agent under this Agreement, shall be applied to the Obligations in accordance
with the Pro Rata Portion of each Purchaser. “Pro Rata Portion” shall mean the ratio of (x) the subscription amount
of the Notes purchased by a Purchaser participating under this Section 4.9 and (y) the sum of the aggregate subscription amounts
of the Notes purchased by all Purchasers participating under this Section 4.9.

 

4.10
Attorney-in-Fact. Each Debtor hereby irrevocably constitutes and appoints the Collateral Agent, 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 such Debtor and in
the name of such Debtor or in its own name, from time to time in the discretion of the Collateral Agent, for the purpose of carrying
out the terms of this Agreement, to take any and all appropriate action and to execute and deliver any and all documents and instruments
which may be necessary or desirable to perfect or protect any security interest granted hereunder, to maintain the perfection
or priority of any security interest granted hereunder, or to otherwise accomplish the purposes of this Agreement, and, without
limiting the generality of the foregoing, hereby gives the Collateral Agent the power and right, on behalf of such Debtor, without
notice to or assent by such Debtor (to the extent permitted by applicable law), to do the following:

 

(a)
to take any and all appropriate action and to execute and deliver any and all documents and instruments which may be necessary
or desirable to accomplish the purposes of this Agreement;

 

(b)
upon the occurrence and during the continuation of an Event of Default, to ask, demand, collect, receive and give acquittance
and receipts for any and all moneys due and to become due under any Collateral and, in the name of such Debtor or its own name
or otherwise, to take possession of and endorse and collect any checks, drafts, notes, acceptances or other Instruments for the
payment of moneys due under any Collateral and to file any claim or to take any other action or proceeding in any court of law
or equity or otherwise deemed appropriate by the Collateral Agent for the purpose of collecting any and all such moneys due under
any Collateral whenever payable and to file any claim or to take any other action or proceeding in any court of law or equity
or otherwise deemed appropriate by the Collateral Agent for the purpose of collecting any and all such moneys due under any Collateral
whenever payable;

 

    	14

     

    

 

(c)
to pay or discharge charges or liens levied or placed on or threatened against the Collateral, to effect any insurance called
for by the terms of this Agreement and to pay all or any part of the premiums therefor;

 

(d)
to direct any party liable for any payment under any of the Collateral to make payment of any and all moneys due, and to become
due thereunder, directly to the Collateral Agent or as the Collateral Agent shall direct, and to receive payment of and receipt
for any and all moneys, claims and other amounts due, and to become due at any time, in respect of or arising out of any Collateral;

 

(e)
upon the occurrence and during the continuation of an Event of Default, to sign and indorse any invoices, freight or express bills,
bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications and notices in connection with
accounts and other Documents constituting or relating to the Collateral;

 

(f)
upon the occurrence and during the continuation of an Event of Default, to commence and prosecute any suits, actions or proceedings
at law or in equity in any court of competent jurisdiction to collect the Collateral or any part thereof and to enforce any other
right in respect of any Collateral;

 

(g)
upon the occurrence and during the continuation of an Event of Default, to defend any suit, action or proceeding brought against
a Debtor with respect to any Collateral;

 

(h)
upon the occurrence and during the continuation of an Event of Default, to settle, compromise or adjust any suit, action or proceeding
described above and, in connection therewith, to give such discharges or releases as the Collateral Agent may deem appropriate;

 

(i)
to the extent that a Debtor’s authorization given in Section 4.1(b) of this Agreement is not sufficient to file such financing
statements with respect to this Agreement, with or without such Debtor’s signature, or to file a photocopy of this Agreement
in substitution for a financing statement, as the Collateral Agent may deem appropriate and to execute in such Debtor’s
name such financing statements and amendments thereto and continuation statements which may require such Debtor’s signature;

 

(j)
upon the occurrence and during the continuation of an Event of Default, generally to sell, transfer, pledge, make any agreement
with respect to or otherwise deal with any of the Collateral as fully and completely as though the Collateral Agent were the absolute
owners thereof for all purposes; and

 

(k)
to do, at the Collateral Agent’s option and at such Debtor’s expense, at any time, or from time to time, all acts
and things which the Collateral Agent reasonably deems necessary to protect or preserve or, upon the occurrence and during the
continuation of an Event of Default, realize upon the Collateral and the Secured Parties’ Liens therein, in order to effect
the intent of this Agreement, all as fully and effectively as such Debtor might do.

 

    	15

     

    

 

Each
Debtor hereby ratifies, to the extent permitted by law, all that such attorneys lawfully do or cause to be done by virtue hereof
provided the same is performed in a commercially reasonable manner. The power of attorney granted hereunder is a power coupled
with an interest and shall be irrevocable until the Obligations are indefeasibly paid in full in cash and this Agreement is terminated
in accordance with Section 4.12 hereof.

 

Each
Debtor also authorizes the Collateral Agent, at any time from and after the occurrence and during the continuation of any Event
of Default, (x) to communicate in its own name with any party to any Contract with regard to the assignment of the right, title
and interest of such Debtor in and under the Contracts hereunder and other matters relating thereto and (y) to execute, in connection
with any sale of Collateral provided for in Section 4.6 hereof, any endorsements, assignments or other instruments of conveyance
or transfer with respect to the Collateral.

 

4.11
Perfection. Prior to or concurrently with the execution and delivery of this Agreement, each Debtor shall:

 

(a)
file such financing statements, assignments for security and other documents in such offices as may be necessary or as the Collateral
Agent or the Representative may request to perfect the security interests granted by Section 3 of this Agreement;

 

(b)
at the Collateral Agent’s request, deliver to the Collateral Agent or its Representative the originals of all Instruments
together with, in the case of Instruments constituting promissory notes, allonges attached thereto showing such promissory notes
to be payable to the order of a blank payee;

 

(c)
deliver to the Collateral Agent or its Representative the originals of all Motor Vehicle titles, duly endorsed indicating the
Secured Parties’ interests therein as lienholders, together with such other documents as may be required consistent with
Section 4.1(d) hereof to perfect the security interest granted by Section 3 in all such Motor Vehicles (if any).

 

(d)
If the Debtor has not done so, the Collateral Agent may do so at any later time at the sole cost of the Debtors.

 

4.12
Termination; Partial Release of Collateral. This Agreement and the Liens and security interests granted hereunder shall
not terminate until the full and complete performance and indefeasible satisfaction of all of the Obligations (including, without
limitation, the indefeasible payment in full in cash of all such Obligations) (i) in respect of the Transaction Documents, and
(ii) with respect to which claims have been asserted by Collateral Agent and/or a Secured Party, whereupon the Collateral Agent
shall forthwith cause to be assigned, transferred and delivered, against receipt but without any recourse, warranty or representation
whatsoever, any remaining Collateral to or on the order of Debtors. The Collateral Agent shall also execute and deliver to Debtors
upon such termination and at Debtors’ expense such UCC termination statements, certificates for terminating the liens on
the Motor Vehicles (if any) and such other documentation as shall be reasonably requested by Debtors to effect the termination
and release of the Liens and security interests in favor of the Collateral Agent affecting the Collateral. Notwithstanding anything
to the contrary in this Agreement, upon full and complete satisfaction of the Notes Debtors obligations under this Agreement shall
terminate and any Liens shall thereupon be void.

 

    	16

     

    

 

4.13
Further Assurances. At any time and from time to time, upon the written request of the Collateral Agent or its Representative,
and at the sole expense of Debtors, Debtors will promptly and duly execute and deliver any and all such further instruments, documents
and agreements and take such further actions as the Collateral Agent or its Representative may reasonably require in order for
the Collateral Agent to obtain the full benefits of this Agreement and of the rights and powers herein granted in favor of the
Collateral Agent, including, without limitation, using Debtors’ best efforts to secure all consents and approvals necessary
or appropriate for the assignment to the Collateral Agent of any Collateral held by Debtors or in which a Debtor has any rights
not heretofore assigned, the filing of any financing or continuation statements under the UCC with respect to the liens and security
interests granted hereby, transferring Collateral to the Collateral Agent’s possession (if a security interest in such Collateral
can be perfected by possession), placing the interest of the Collateral Agent as lienholder on the certificate of title of any
Motor Vehicle, and obtaining waivers of liens from landlords and mortgagees. Each Debtor also hereby authorizes the Collateral
Agent and its Representative to file any such financing or continuation statement without the signature of such Debtor to the
extent permitted by applicable law.

 

4.14
Limitation on Duty of Secured Party. The powers conferred on the Collateral Agent under this Agreement are solely to protect
the Collateral Agent’s interest on behalf of itself and the other Secured Parties in the Collateral and shall not impose
any duty upon it to exercise any such powers. The Collateral Agent shall be accountable only for amounts that it actually receives
as a result of the exercise of such powers and neither the Collateral Agent nor its Representative nor any of their respective
officers, directors, employees or agents shall be responsible to Debtors for any act or failure to act, except for gross negligence
or willful misconduct. Without limiting the foregoing, the Collateral Agent and any Representative shall be deemed to have exercised
reasonable care in the custody and preservation of the Collateral in their possession if such Collateral is accorded treatment
substantially equivalent to that which the Collateral Agent or any Representative, in its individual capacity, accords its own
property consisting of the type of Collateral involved, it being understood and agreed that neither the Collateral Agent nor any
Representative shall have any responsibility for taking any necessary steps (other than steps taken in accordance with the standard
of care set forth above) to preserve rights against any Person with respect to any Collateral.

 

Also
without limiting the generality of the foregoing, neither the Collateral Agent nor any Representative shall have any obligation
or liability under any Contract or license by reason of or arising out of this Agreement or the granting to the Collateral Agent
of a security interest therein or assignment thereof or the receipt by the Collateral Agent or any Representative of any payment
relating to any Contract or license pursuant hereto, nor shall the Collateral Agent or any Representative be required or obligated
in any manner to perform or fulfill any of the obligations of Debtors under or pursuant to any Contract or license, or to make
any payment, or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any
performance by any party under any Contract or license, or to present or file any claim, or to take any action to collect or enforce
any performance or the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or
times.

 

    	17

     

    

 

Section
5. Miscellaneous.

 

5.1
No Waiver. No failure on the part of the Collateral Agent or any of its Representatives to exercise, and no course of dealing
with respect to, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise by the Collateral Agent or any of its Representatives of any right, power or remedy hereunder preclude
any other or further exercise thereof or the exercise of any other right, power or remedy. The rights and remedies hereunder provided
are cumulative and may be exercised singly or concurrently, and are not exclusive of any rights and remedies provided by law.

 

5.2
Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall
be governed by the internal laws of the State of New York, without giving effect to any choice of law or conflict of law provision
or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the laws of any jurisdiction
other than the State of New York.

 

5.3
Notices. All notices, approvals, requests, demands and other communications hereunder shall be delivered or made in the
manner set forth in, and shall be effective in accordance with the terms of, the SPA. Debtors and Collateral Agent may change
their respective notice addresses by written notice given to each other party five days prior to the effectiveness of such change.

 

5.4
Amendments, Etc. The terms of this Agreement may be waived, altered or amended only by an instrument in writing duly executed
by the Debtor sought to be charged or benefited thereby and the Secured Parties holding a majority of the outstanding principal
of the Notes. Any such amendment or waiver shall be binding upon all the Secured Parties (including the Collateral Agent in its
capacity as a Secured Party) and the Debtor(s) sought to be charged or benefited thereby and their respective successors and assigns.

 

5.5
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the respective successors and
assigns of each of the parties hereto, provided, that no Debtor shall assign or transfer its rights hereunder without the prior
written consent of each Secured Party. Any Secured Party, including the Collateral Agent in its capacity as a

Secured Party, may assign its rights hereunder without the consent of Debtors, in which event such assignee shall be deemed to
be a Secured Party and/or Collateral Agent, as applicable, hereunder with respect to such assigned rights.

 

5.6
Counterparts; Headings. This Agreement may be authenticated in any number of counterparts, all of which taken together
shall constitute one and the same instrument and any of the parties hereto may authenticate this Agreement by signing any such
counterpart. This Agreement may be authenticated by manual signature or facsimile, .pdf or similar electronic signature, all of
which shall be equally valid. The headings in this Agreement are for convenience of reference only and shall not alter or otherwise
affect the meaning hereof.

 

    	 	18	 

    	 

    

 

5.7
Severability. If any provision hereof is invalid and unenforceable in any jurisdiction, then, to the fullest extent permitted
by law, (a) the other provisions hereof shall remain in full force and effect in such jurisdiction and shall be liberally construed
in favor of the Collateral Agent, its Representative and each other Secured Party (and all of their respective successors and
assigns) in order to carry out the intentions of the parties hereto as nearly as may be possible and (b) the invalidity or unenforceability
of any provision hereof in any jurisdiction shall not affect the validity or enforceability of such provision in any other jurisdiction.

 

5.8
Submission to Jurisdiction; Waiver of Venue; Service of Process. Each debtor hereby irrevocably submits to the
exclusive jurisdiction of any united states federal or New York state court sitting in New York County, New York, in any action
or proceeding arising out of or relating to this agreement and each Debtor hereby irrevocably agrees that all claims in respect
of such action or proceeding may be heard and determined in any such court and irrevocably waives any objection it may now or
hereafter have as to the venue of any such suit, action or proceeding brought in such a court or that such court is an inconvenient
forum. Nothing herein shall limit the right of a Secured Party to bring proceedings against any Debtor in the courts of any other
jurisdiction. Any judicial proceeding by a Debtor against a Secured Party any affiliate thereof involving, directly or indirectly,
any matter in any way arising out of, related to, or connection with this Agreement shall be brought only in a court in New York
County, New York (and each Secured Party hereby submits to the jurisdiction of such court). Each Debtor hereto hereby irrevocably
waives personal service of process and consents to process being served in any such action or proceeding by mailing by registered
or certified mail a copy thereof to such Debtor at the address for notices to it in accordance with section 5.3 of this Agreement
and agrees that such notice shall constitute good and sufficient service of process and notice thereof. Nothing contained herein
shall be deemed to limit in any way any right of a Secured Party to serve process in any manner permitted by law.

 

5.9
Waiver of Right to Trial by Jury. Each Debtor and each Secured Party waive their respective rights to a trial by jury
of any claim or cause of action based upon or arising out of or related to this Agreement or the transactions contemplated hereby,
in any action, proceeding or other litigation of any type brought by any of the parties against any other party or parties, whether
with respect to contract claims, tort claims, or otherwise. Each Debtor and each Secured Party agree that any such claim or cause
of action shall be tried by a court trial without a jury. Without limiting the foregoing, the parties further agree that their
respective right to a trial by jury is waived by operation of this Section 5.9 as to any action, counterclaim or other proceeding
which seeks, in whole or in part, to challenge the validity or enforceability of this agreement or any provision hereof. This
waiver shall apply to any subsequent amendments, renewals, supplements or modifications to this Agreement.

 

5.10
Joint and Several. The obligations, covenants and agreements of Debtors hereunder shall be the joint and several obligations,
covenants and agreements of each Debtor, whether or not specifically stated herein without preferences or distinction among them.

 

5.11
Collateral Agent and Secured Parties Indemnification.

 

(a)
Each Secured Party has, pursuant to the Securities SPA, designated and appointed the Collateral Agent as the administrative agent
of such Secured Party under this Agreement and the related agreements.

 

    	19

     

    

 

(b)
Nothing in this Section 5.11 shall be deemed to limit or otherwise affect the rights of the Collateral Agent to exercise any remedy
provided in this Agreement or any other Transaction Document.

 

(c)
If pursuant to any Transaction Document a Secured Party (including the Collateral Agent) is given the discretion to allocate proceeds
received by such Secured Party (including the Collateral Agent) pursuant to the exercise of remedies under the Transaction Documents
or at law or in equity (including without limitation with respect to any secured creditor remedies exercised against the Collateral
and any other collateral security provided for under any Transaction Document), the Collateral Agent shall apply such proceeds
to the then outstanding Obligations in the following order of priority (with amounts received being applied in the numerical order
set forth below until exhausted prior to the application to the next succeeding category and each Secured Party entitled to payment
shall receive an amount equal to its Pro Rata Portion of amounts available to be applied pursuant to clauses second, third and
fourth below):

 

first,
to payment of fees, costs and expenses (including reasonable attorney’s fees) owing to the Collateral Agent;

 

second,
to payment of all accrued unpaid interest and fees (other than fees owing to Collateral Agent) on the Obligations;

 

third,
to payment of principal of the Obligations;

 

fourth,
to payment of any other amounts owing constituting Obligations; and

 

fifth,
any remainder shall be for the account of and paid to whoever may be lawfully entitled thereto.

 

(d)
Each Debtor agrees, jointly and severally, to indemnify, defend and hold harmless the Collateral Agent (both in its capacity as
collateral agent hereunder and as a Secured Party), every other Secured Party, their respective successors and assigns and all
of their respective officers, directors, shareholders, members, managers, partners, employees, attorneys and agents, and any Person
in control of any thereof, from and against any claims, debts, liabilities, losses, demands, obligations, actions, causes of action,
fines, penalties, costs and expenses (including attorneys’ fees and consultants’ fees), of every nature, character
and description (each, an “Indemnified Liability” and collectively the “Indemnified Liabilities”), under
federal and state securities laws or otherwise insofar as such Indemnified Liability arises out of or is based upon any of the
transactions contemplated by this Agreement, any other Transaction Document, any of the Obligations, or any other cause or thing
whatsoever occurred, done, omitted or suffered to be done by a Debtor relating to any Secured Party or the Obligations (except
any such amounts sustained or incurred solely as the result of the gross negligence or willful misconduct of such Secured Party(ies),
as finally determined by a court of competent jurisdiction). If and to the extent that the foregoing undertakings in this paragraph
may be unenforceable for any reason, each Debtor agrees to jointly and severally make the maximum contribution to the payment
and satisfaction of each of the Indemnified Liabilities which is permissible under applicable law. The obligations of each Debtor
under this Section 5.11(d) shall survive any termination of this Agreement or any other Transaction Document.

 

5.12
No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to
express their mutual intent, and no rules of strict construction will be applied against any party.

 

5.13
Entire Agreement; Amendment. This Agreement, together with the other transaction documents, supersedes all other prior
oral or written agreements between the Secured Parties, the Collateral Agent, the Debtors, their affiliates and persons acting
on their behalf with respect to the matters discussed herein, and this Agreement, together with the other transaction documents
and the other instruments referenced herein and therein, contain the entire understanding of the parties with respect to the matters
covered herein and therein and, except as specifically set forth herein or therein, neither the secured party nor any Debtor makes
any representation, warranty, covenant or undertaking with respect to such matters. As of the date of this Agreement, there are
no unwritten agreements between the parties with respect to the matters discussed herein. No provision of this Agreement may be
amended, modified or supplemented other than by an instrument in writing signed by the Debtors and the Secured Party.

 

-
Remainder of Page Intentionally Left Blank; Signature Page Follows -

 

    	20

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Security Agreement to be duly executed and delivered as of the day and year
first above written.

 

DEBTORS:

 

	AMERICAN INTERNATIONAL HOLDINGS CORP., a Nevada corporation
	 	 	 
	By:	 	 
	Name:	Jacob
    D. Cohen	 
	Title:	President
    and CEO	 

 

	VISSIA MCKINNEY, LLC, a Texas limited liability company
	 	 	 
	By:	 	 
	Name:	Jacob
    D. Cohen	 
	Title:	Director	 

 

	VISSIA
    WATERWAY, INC., a Texas corporation	 
	 	 	 
	By:	 	 
	Name:	Jacob
    D. Cohen	 
	Title:	Director	 

 

	EPIQ MD,
    INC., a Nevada corporation 	 
	 	 	 
	By:	 	 
	Name:  	Jacob
    D. Cohen	 
	Title:  	Director	 

 

	LEGEND
    NUTRITION, INC., a Texas corporation 	 
	 	 	 
	By:	 	 
	Name:	Jacob
    D. Cohen	 
	Title:
    	Director	 

 

	LIFE
    GURU, INC., a Delaware corporation	 
	 	 	 
	By:	 	 
	Name:	Jacob
    D. Cohen	 
	Title:
    	Director	 

 

    	21

     

    

 

	 	COLLATERAL AGENT:
	 	 
	 	[                   ],
    a [                  ], in its capacity
    as Collateral Agent for the Secured Parties
	 	 	 
	 	By:	                              
	 	Name:	 
	 	Title:	 

 

    	22

     

    

 

EXHIBIT
A

Form
of Joinder

Joinder
to Security Agreement

 

The
undersigned, ______________________________, hereby joins in the execution of that certain Security Agreement dated as of January
6, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”) by
American International Holdings Corp., a Nevada corporation, the Debtors (as defined therein), the Secured Parties (as defined
therein), and each other Person that becomes a Debtor or a Secured Party thereunder after the date thereof and hereof and pursuant
to the terms thereof, to and in favor of [           ], a [            ], in its capacity as Collateral Agent for the Secured Parties. By executing
this Joinder, the undersigned hereby agrees that it is a Debtor thereunder and agrees to be bound by all of the terms and provisions
of the Security Agreement. The undersigned represents and warrants that the representations and warranties set forth in the Security
Agreement are, with respect to the undersigned, true and correct as of the date hereof.

 

The
undersigned represents and warrants to Secured Party that:

 

(a)
all of the Equipment, Inventory and Goods owned by such Debtor is located at the places as specified on Schedule I and
such Debtor conducts business in the jurisdiction set forth on Schedule I;

 

(b)
except as disclosed on Schedule I, none of such Collateral is in the possession of any bailee, warehousemen, processor
or consignee;

 

(c)
the chief place of business, chief executive office and the office where such Debtor keeps its books and records are located at
the place specified on Schedule I;

 

(d)
such Debtor (including any Person acquired by such Debtor) does not do business or has not done business during the past five
years under any tradename or fictitious business name, except as disclosed on Schedule II;

 

(e)
all Copyrights, Patents and Trademarks owned or licensed by the undersigned are listed in Schedules III, IV and
V, respectively;

 

(f)
all Deposit Accounts, securities accounts, brokerage accounts and other similar accounts maintained by such Debtor, and the financial
institutions at which such accounts are maintained, are listed on Schedule VI;

 

(g)
all Commercial Tort Claims of such Debtor are listed on Schedule VII;

 

(h)
all interests in real property and mining rights held by such Debtor are listed on Schedule VIII;

 

(i)
all Equipment (including Motor Vehicles) owned by such debtor are listed on Schedule IX.

 

	 	________________, a ________
	 	 	                              
	 	By:	 
	 	Title:	 
	 	FEIN:	 

 

    	Exhibit A-1

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