Document:

Exhibit 10.3

 

 

NEITHER THE ISSUANCE AND SALE OF THE SECURITIES
REPRESENTED BY THIS NOTENOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR
ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION
IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING,
THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE
SECURITIES. 

 

 

	Principal Amount: $US442,175.00	Issue Date: APRIL 13TH, 2018
	Purchase Price: $US384,500.00	 
	Original Issue Discount: $US57,675.00	 

 

 

CONVERTIBLE PROMISSORY NOTE

 

FOR VALUE RECEIVED,
NEWMARKT CORP. a NEVADA corporation (hereinafter called the “Borrower”), hereby promises to pay to the
order of CAREBOURN CAPITAL, L.P., a Delaware limited partnership, or registered assigns (the “Holder”) the sum
of $US442,175.00 together with any interest as set forth herein, on APRIL 13TH , 2019 (the “Maturity
Date”), and to pay interest on the unpaid principal balance hereof at the rate of 12% (The “Interest Rate”) per
annum from the date hereof (the “Issue Date”) until the same becomes due and payable, whether at maturity or upon acceleration
or by prepayment or otherwise. Interest shall commence accruing on the date that the Note is fully paid and shall be computed on
the basis of a 365-day year and the actual number of days elapsed. All payments due hereunder (to the extent not converted into
common stock, $US0.001 par value per share (the “Common Stock”) in accordance with the terms hereof) shall be
made in lawful money of the United States of America. All payments shall be made at such address as the Holder shall hereafter
give to the Borrower by written notice made in accordance with the provisions of this Note. Whenever any amount expressed to be
due by the terms of this Note is due on any day which is not a business day, the same shall instead be due on the next succeeding
day which is a business day and, in the case of any interest payment date which is not the date on which this Note is paid in full,
the extension of the due date thereof shall not be taken into account for purposes of determining the amount of interest due on
such date. As used in this Note, the term “business day” shall mean any day other than a Saturday, Sunday or a day
on which commercial banks in the city of New York, New York are authorized or required by law or executive order to remain closed.
Each capitalized term used herein, and not otherwise defined, shall have the meaning ascribed thereto in that certain Securities
Purchase Agreement dated the date hereof, pursuant to which this Note was originally issued (the “Purchase Agreement”).

 

This Note carries an original
issue discount of $US57,675.00 (the “OID”). In addition, the Borrower shall authorize the Holder, pursuant to
a disbursement memorandum dated on or around the Issue Date, to pay $US25,000.00 (the “Transactional Expense Amount”)
to the Holder or the Holder’s designee, to cover the Holder’s accounting fees, due diligence fees, monitoring (including
but not limited to ACH monitoring costs), and/or other transactional costs incurred in connection with the purchase of the Note,
as well as $9,500.00 (the “Legal Fee”) to Holder’s attorney, to cover Holder’s legal review fees
in connection with the purchase and sale of the Note, all of which are included in the initial principal balance of this Note.
The Purchase Price of this Note shall be $US384,500.00, computed as follows: $US442,175.00 initial principal balance
less the OID. Accordingly, the net amount to be received by the Company shall be $US350,000.00, computed as follows: the
purchase price of $US384,500.00, less the Transactional Expense Amount & Legal Fee.

 

This Note is free from
all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other
similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

 

The following terms shall apply to this Note:

 

ARTICLE I. CONVERSION RIGHTS

 

1.1  Conversion
Right. The Holder shall have the right from time to time, and at any time following the date of this Note and ending on the
later of: (i) the Maturity Date and (ii) the date of payment of the Default Amount (as defined in Article III) pursuant to Section
1.6(a) or Article III, each in respect of the remaining outstanding principal amount of this Note to convert all or any part of
the outstanding and unpaid principal amount of this Note into fully paid and non- assessable shares of Common Stock, as such Common
Stock exists on the Issue Date, or any shares of capital stock or other securities of the Borrower into which such Common Stock
shall hereafter be changed or reclassified at the conversion price (the “Conversion Price”) determined as provided
herein (a “Conversion”); provided, however, that in no event shall the Holder be entitled to convert any portion of
this Note in excess of that portion of this Note upon conversion of which the sum of (1) the number of shares of Common Stock beneficially
owned by the Holder and its affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership
of the unconverted portion of the Notes or the unexercised or unconverted portion of any other security of the Borrower subject
to a limitation on conversion or exercise analogous to the limitations contained herein) and (2) the number of shares of Common
Stock issuable upon the conversion of the portion of this Note with respect to which the determination of this proviso is being
made, would result in beneficial ownership by the Holder and its affiliates of more than 4.99% of the outstanding shares of Common
Stock. For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance
with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Regulations 13D-G thereunder,
except as otherwise provided in clause (1) of such proviso, provided, further, however, that the limitations on conversion may
be waived by the Holder upon, at the election of the Holder, not less than 61 days’ prior notice to the Borrower, and the
provisions of the conversion limitation shall continue to apply until such 61st day (or such later date, as determined by the Holder,
as may be specified in such notice of waiver). The number of shares of Common Stock to be issued upon each conversion of this Note
shall be determined by dividing the Conversion Amount (as defined below) by the applicable Conversion Price then in effect on the
date specified in the notice of conversion, in the form attached hereto as Exhibit A (the “Notice of Conversion”),
delivered to the Borrower by the Holder in accordance with Section 1.4 below; provided that the Notice of Conversion is submitted
by facsimile or e-mail (or by other means resulting in, or reasonably expected to result in, notice) to the Borrower before 6:00
p.m., New York, New York time on such conversion date (the “Conversion Date”). The term “Conversion Amount”
means, with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted in such conversion
plus (2) at the Holder’s option, accrued and unpaid interest, if any, on such principal amount at the interest rates provided
in this Note to the Conversion Date, plus (34) at the Holder’s option, any amounts owed to the Holder pursuant to Sections
1.3 and 1.4(g) hereof.

 

1.2  Conversion
Price.

 

Calculation of Conversion
Price. The conversion price (the “Conversion Price”) shall equal the Variable Conversion Price (as defined herein)
(subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s
securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary
distributions and similar events). The "Variable Conversion Price" shall mean 55% multiplied by the Market Price
(as defined herein) (representing a discount rate of 45%). In the case that shares of the Borrower’s common stock
are not deliverable via DWAC following the conversion of any amount hereunder, an additional Ten Percent (10%) discount shall be
added to the amount being converted at such time. In the event that the Borrower fails to meet the requirements of sections 3.17
& 3.18 (ACH), an additional Five percent (5%) discount shall be added to the amount being converted at such time. “Market
Price” means the lowest Trading Price (as defined below) for the Common Stock during the twenty-five (25) Trading Day period
ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price”
means, for any security as of any date,
the lowest price quoted on the OTC Markets operated by the OTC Markets Group, Inc.
or applicable trading market (the “OTC”) as reported by a reliable reporting service (“Reporting Service”)
designated by the Holder (i.e. Bloomberg) or, if the OTC Markets is not the principal trading market for such security, the closing
bid price of such security on the principal securities exchange or trading market where such security is listed or traded. If the
Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the
fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted
for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading
Day” shall mean any day on which the Common Stock is tradable for any period on the OTC Markets, or on the principal securities
exchange or other securities market on which the Common Stock is then being traded.

 

1.3  Authorized
Shares. The Borrower covenants that during the period the conversion right exists, the Borrower will reserve from its authorized
and unissued Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance of Common Stock
upon the full conversion of this Note issued pursuant to the Purchase Agreement. The Borrower is required at all times to have
authorized and reserved five times the number of shares that is actually issuable upon full conversion of the Note (based on the
Conversion Price of the Notes in effect from time to time) (the “Reserved Amount”). The Reserved Amount shall be increased
from time to time in accordance with the Borrower’s obligations pursuant to Section 4(g) of the Purchase Agreement. The Borrower
represents that upon issuance, such shares will be duly and validly issued, fully paid and non-assessable. In addition, if the
Borrower shall issue any securities or make any change to its capital structure which would change the number of shares of Common
Stock into which the Notes shall be convertible at the then current Conversion Price, the Borrower shall at the same time make
proper provision so that thereafter there shall be a sufficient number of shares of Common Stock authorized and reserved, free
from preemptive rights, for conversion of the outstanding Notes. The Borrower (i) acknowledges that it has irrevocably instructed
its transfer agent to issue certificates for the Common Stock issuable upon conversion of this Note, and (ii) agrees that its issuance
of this Note shall constitute full authority to its officers and agents who are charged with the duty of executing stock certificates
to execute and issue the necessary certificates for shares of Common Stock in accordance with the terms and conditions of this
Note.

 

If, at any time the Borrower
does not maintain the Reserved Amount it will be considered an Event of Default under Article III of the Note. However, upon receipt
of written notice from the Holder of Borrower’s failure to maintain the Reserved Amount, the Borrower shall have three (3)
days to cure any deficiencies in the Reserved Amount.

 

1.4  Method
of Conversion.

 

(a) Mechanics of Conversion.
Subject to Section 1.1, this Note may be converted by the Holder in whole or in part at any time from time to time after One Hundred
Eighty Days following the Issue Date, by (A) submitting to the Borrower a Notice of Conversion (by facsimile, e-mail or other reasonable
means of communication dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B) subject to Section
1.4(b), surrendering this Note at the principal office of the Borrower.

 

(b) Surrender of Note
Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in accordance with
the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless the entire unpaid principal
amount of this Note is so converted. The Holder and the Borrower shall maintain records showing the principal amount so converted
and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Borrower, so as
not to require physical surrender of this Note upon each such conversion. In the event of any dispute or discrepancy, such records
of the Borrower shall, prima facie, be controlling and determinative in the absence of manifest error. Notwithstanding the
foregoing, if any portion of this Note is converted as aforesaid, the Holder may not transfer this Note unless the Holder first
physically surrenders this Note to the Borrower, whereupon the Borrower will forthwith issue and deliver upon the order of the
Holder a new Note of like tenor, registered as the Holder (upon payment by the Holder of any applicable transfer taxes) may request,
representing in the aggregate the remaining unpaid principal amount of this Note. The Holder and any assignee, by acceptance of
this Note, acknowledge and agree that, by reason of the provisions of this paragraph, following conversion of a portion of this
Note, the unpaid and unconverted principal amount of this Note represented by this Note may be less than the amount stated on the
face hereof.

 

(c) Payment of Taxes.
The Borrower shall not be required to pay any tax which may be payable in respect of any transfer involved in the issue and delivery
of shares of Common Stock or other securities or property on conversion of this Note in a name other than that of the Holder (or
in street name), and the Borrower shall not be required to issue or deliver any such shares or other securities or property unless
and until the person or persons (other than the Holder or the custodian in whose street name such shares are to be held for the
Holder’s account) requesting the issuance thereof shall have paid to the Borrower the amount of any such tax or shall have
established to the satisfaction of the Borrower that such tax has been paid.

 

(d) Delivery of Common
Stock Upon Conversion. Upon receipt by the Borrower from the Holder of a facsimile transmission or e-mail (or other reasonable
means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in this Section 1.4, the
Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder certificates for the Common
Stock issuable upon such conversion within three (3) business days after such receipt (the “Deadline”) (and, solely
in the case of conversion of the entire unpaid principal amount hereof, surrender of this Note) in accordance with the terms hereof
and the Purchase Agreement.

 

(e) Obligation of Borrower
to Deliver Common Stock. Upon receipt by the Borrower of a Notice of Conversion, the Holder shall be deemed to be the holder
of record of the Common Stock issuable upon such conversion, the outstanding principal amount and the amount of accrued and unpaid
interest on this Note shall be reduced to reflect such conversion, and, unless the Borrower defaults on its obligations under this
Article I, all rights with respect to the portion of this Note being so converted shall forthwith terminate except the right to
receive the Common Stock or other securities, cash or other assets, as herein provided, on such conversion. If the Holder shall
have given a Notice of Conversion as provided herein, the Borrower’s obligation to issue and deliver the certificates for
Common Stock shall be absolute and unconditional, irrespective of the absence of any action by the Holder to enforce the same,
any waiver or consent with respect to any provision thereof, the recovery of any judgment against any person or any action to enforce
the same, any failure or delay in the enforcement of any other obligation of the Borrower to the holder of record, or any setoff,
counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder of any obligation to the Borrower,
and irrespective of any other circumstance which might otherwise limit such obligation of the Borrower to the Holder in connection
with such conversion. The Conversion Date specified in the Notice of Conversion shall be the Conversion Date so long as the Notice
of Conversion is received by the Borrower before 6:00 p.m., New York, New York time, on such date.

 

(f) Delivery of Common
Stock by Electronic Transfer. In lieu of delivering physical certificates representing the Common Stock issuable upon conversion,
provided the Borrower is participating in the Depository Trust Company (“DTC”) Fast Automated Securities Transfer (“FAST”)
program, upon request of the Holder and its compliance with the provisions contained in Section 1.1 and in this Section 1.4, the
Borrower shall use its best efforts to cause its transfer agent to electronically transmit the Common Stock issuable upon conversion
to the Holder by crediting the account of Holder’s Prime Broker with DTC through its Deposit Withdrawal Agent Commission
(“DWAC”) system.

 

(g) Failure to Deliver
Common Stock Prior to Deadline. Without in any way limiting the Holder’s right to pursue other remedies, including actual
damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon conversion of this Note is
not delivered by the Deadline (other than a failure due to the circumstances described in Section 1.3 above, which failure shall
be governed by such Section) the Borrower shall pay to the Holder $2,000 per day in cash, for each day beyond the Deadline that
the Borrower fails to deliver such Common Stock. Such cash amount shall be paid to Holder by the fifth day of the month following
the month in which it has accrued or, at the option of the Holder (by written notice to the Borrower by the first day of the month
following the month in which it has accrued), shall be added to the principal amount of this Note, in which event interest shall
accrue thereon in accordance with the terms of this Note and such additional principal amount shall be convertible into Common
Stock in accordance with the terms of this Note. The Borrower agrees that the right to convert is a valuable right to the Holder.
The damages resulting from a failure, attempt to frustrate, interference with such conversion right are difficult if not impossible
to qualify. Accordingly the parties acknowledge that the liquidated damages provision contained in this Section 1.4(g) are justified.

 

1.5  Concerning
the Shares. The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred unless (i) such
shares are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer agent shall
have been furnished with an opinion of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel
in comparable transactions) to the effect that the shares to be sold or transferred may be sold or transferred pursuant to an exemption
from such registration or (iii) such shares are sold or transferred pursuant to Rule 144 under the Act (or a successor rule) (“Rule
144”) or (iv) such shares are transferred to an “affiliate” (as defined in Rule 144) of the Borrower who agrees
to sell or otherwise transfer the shares only in accordance with this Section 1.5 and who is an Accredited Investor (as defined
in the Purchase Agreement). Except as otherwise provided in the Purchase Agreement (and subject to the removal provisions set forth
below), until such time as the shares of Common Stock issuable upon conversion of this Note have been registered under the Act
or otherwise may be sold pursuant to Rule 144 without any restriction as to the number of securities as of a particular date that
can then be immediately sold, each certificate for shares of Common Stock issuable upon conversion of this Note that has not been
so included in an effective registration statement or that has not been sold pursuant to an effective registration statement or
an exemption that permits removal of the legend, shall bear a legend substantially in the following form, as appropriate:

 

“NEITHER THE ISSUANCE AND SALE
OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE
FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING
THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT
SECURED BY THE SECURITIES.”

 

The legend set forth above
shall be removed and the Borrower shall issue to the Holder a new certificate therefore free of any transfer legend if (i) the
Borrower or its transfer agent shall have received an opinion of counsel, in form, substance and scope customary for opinions of
counsel in comparable transactions, to the effect that a public sale or transfer of such Common Stock may be made without registration
under the Act, which opinion shall be accepted by the Company so that the sale or transfer is effected or (ii) in the case of the
Common Stock issuable upon conversion of this Note, such security is registered for sale by the Holder under an effective registration
statement filed under the Act or otherwise may be sold pursuant to Rule 144 without any restriction as to the number of securities
as of a particular date that can then be immediately sold. In the event that the Company does not accept the opinion of counsel
provided by the Buyer with respect to the transfer of Securities pursuant to an exemption from registration, such as Rule 144 or
Regulation S, at the Deadline, it will be considered an Event of Default pursuant to Section 3.2 of the Note.

 

1.6  Effect
of Certain Events.

 

(a) Effect of Merger,
Consolidation, Etc. At the option of the Holder, the sale, conveyance or disposition of all or substantially all of the assets
of the Borrower, the effectuation by the Borrower of a transaction or series of related transactions in which more than 50% of
the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of the Borrower with
or into any other Person (as defined below) or Persons when the Borrower is not the survivor shall either: (i) be deemed to be
an Event of Default (as defined in Article III) pursuant to which the Borrower shall be required to pay to the Holder upon the
consummation of and as a condition to such transaction an amount equal to the Default Amount (as defined in Article III) or (ii)
be treated pursuant to Section 1.6(b) hereof. “Person” shall mean any individual, corporation, limited liability company,
partnership, association, trust or other entity or organization.

 

(b) Adjustment Due to
Merger, Consolidation, Etc. If, at any time when this Note is issued and outstanding and prior to conversion of all of the
Notes, there shall be any merger, consolidation, or an exchange of shares, recapitalization or reorganization pursuant to a merger
or consolidation, or other similar event, as a result of which shares of Common Stock of the Borrower shall be changed into the
same or a different number of shares of another class or classes of stock or securities of the Borrower or another entity, or in
case of any sale or conveyance of all or substantially all of the assets or more than 50% of the total outstanding shares of the
Borrower other than in connection with a plan of complete liquidation of the Borrower, then the Holder of this Note shall thereafter
have the right to receive upon conversion of this Note, upon the basis and upon the terms and conditions specified herein and in
lieu of the shares of Common Stock immediately theretofore issuable upon conversion, such stock, securities or assets which the
Holder would have been entitled to receive in such transaction had this Note been converted in full immediately prior to such transaction
(without regard to any limitations on conversion set forth herein), and in any such case appropriate provisions shall be made with
respect to the rights and interests of the Holder of this Note to the end that the provisions hereof (including, without limitation,
provisions for adjustment of the Conversion Price and of the number of shares issuable upon conversion of the Note) shall thereafter
be applicable, as nearly as may be practicable in relation to any securities or assets thereafter deliverable upon the conversion
hereof. The Borrower shall not affect any transaction described in this Section 1.6(b) unless (a) it first gives, to the extent
practicable, thirty (30) days prior written notice (but in any event at least fifteen (15) days prior written notice) of the record
date of the special meeting of shareholders to approve, or if there is no such record date, the consummation of, such merger, consolidation,
exchange of shares, recapitalization, reorganization or other similar event or sale of assets (during which time the Holder shall
be entitled to convert this Note) and (b) the resulting successor or acquiring entity (if not the Borrower) assumes by written
instrument the obligations of this Section 1.6(b). The above provisions shall similarly apply to successive consolidations, mergers,
sales, transfers or share exchanges.

 

(c) Adjustment Due to
Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders
of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution
to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a
spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after
the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would
have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the
holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

 

(f) Notice of Adjustments.
Upon the occurrence of each adjustment or readjustment of the Conversion Price as a result of the events described in this Section
1.6, the Borrower, at its expense, shall promptly compute such adjustment or readjustment and prepare and furnish to the Holder
of a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment
is based. The Borrower shall, upon the written request at any time of the Holder, furnish to such Holder a like certificate setting
forth (i) such adjustment or readjustment, (ii) the Conversion Price at the time in effect and (iii) the number of shares of Common
Stock and the amount, if any, of other securities or property which at the time would be received upon conversion of the Note.

 

1.8 Status
as Shareholder. Upon submission of a Notice of Conversion by a Holder, (i) the shares covered thereby (other than the shares,
if any, which cannot be issued because their issuance would exceed such Holder’s allocated portion of the Reserved Amount
or Maximum Share Amount) shall be deemed converted into shares of Common Stock and (ii) the Holder’s rights as a Holder of
such converted portion of this Note shall cease and terminate, excepting only the right to receive certificates for such shares
of Common Stock and to any remedies provided herein or otherwise available at law or in equity to such Holder because of a failure
by the Borrower to comply with the terms of this Note. Notwithstanding the foregoing, if a Holder has not received certificates
for all shares of Common Stock prior to the tenth (10th) business day after the expiration of the Deadline with respect to a conversion
of any portion of this Note for any reason, then (unless the Holder otherwise elects to retain its status as a holder of Common
Stock by so notifying the Borrower) the Holder shall regain the rights of a Holder of this Note with respect to such unconverted
portions of this Note and the Borrower shall, as soon as practicable, return such unconverted Note to the Holder or, if the Note
has not been surrendered, adjust its records to reflect that such portion of this Note has not been converted. In all cases, the
Holder shall retain all of its rights and remedies (including, without limitation, (i) the right to receive Conversion Default
Payments pursuant to Section 1.3 to the extent required thereby for such Conversion Default and any subsequent Conversion Default
and (ii) the right to have the Conversion Price with respect to subsequent conversions determined in accordance with Section 1.3)
for the Borrower’s failure to convert this Note.

 

1.9  Prepayment.
Notwithstanding anything to the contrary contained in this Note, the Borrower may prepay the amounts outstanding hereunder pursuant
to the following terms and conditions, and subject to the Holder’s acceptance in Holder’s sole discretion:

 

(a) At
any time during the period beginning on the Issue Date and ending on the date which is one hundred and eighty (180) days following
the Issue Date, the Borrower shall have the right, exercisable on not less than twenty (20) Trading Days prior written notice to
the Holder of the Note to prepay the outstanding Note (principal and accrued interest), in full by making a payment to the Holder
of an amount in cash equal to 130%, multiplied by the sum of: (w) the then outstanding principal amount of this Note plus (x) accrued
and unpaid interest on the unpaid principal amount of this Note.

 

(b) At any time
during the period beginning the day which is one hundred and eighty one (181) days following the Issue Date and ending on the
date which is three hundred sixty-four (364) days following the Issue Date, the Borrower shall have the right, exercisable
on not less than twenty (20) Trading Days prior written notice to the Holder of the Note to prepay the outstanding Note (principal
and accrued interest), in full by making a payment to the Holder of an amount in cash equal to 150%, multiplied by the sum of:
(w) the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of
this Note.

 

(c) After the expiration of three hundred sixty-four (364) days, the Borrower shall have no right of prepayment.

 

Any notice of
prepayment hereunder (an “Optional Prepayment Notice”) shall be delivered to the Holder of the Note at its registered
addresses and shall state: (1) that the Borrower is exercising its right to prepay the Note, and (2) the date of prepayment which
shall be not more than twenty (20) Trading Days from the date of the Optional Prepayment Notice. On the date fixed for prepayment
(the “Optional Prepayment Date”), the Borrower shall make payment of the applicable prepayment amount to or upon the
order of the Holder as specified by the Holder in writing to the Borrower at least one (1) business day prior to the Optional Prepayment
Date. If the Borrower delivers an Optional Prepayment Notice and fails to pay the applicable prepayment amount due to the Holder
of the Note within two (2) business days following the Optional Prepayment Date, the Borrower shall forever forfeit its right to
prepay the Note pursuant to this Section 1.9. Notwithstanding anything to the contrary in this Note, the Borrower’s right
to prepay the amounts outstanding under this Note, in accordance with the terms and conditions of this Note, is expressly conditional
upon the Holder’s written acceptance, in Holder’s sole discretion, of such applicable prepayment during the time that
the Borrower is exercising their right to prepay this Note.

 

ARTICLE II. CERTAIN COVENANTS

 

2.1  Distributions
on Capital Stock. So long as the Borrower shall have any obligation under this Note, the Borrower shall not without the Holder’s
written consent (a) pay, declare or set apart for such payment, any dividend or other distribution (whether in cash, property or
other securities) on shares of capital stock other than dividends on shares of Common Stock solely in the form of additional shares
of Common Stock or (b) directly or indirectly or through any subsidiary make any other payment or distribution in respect of its
capital stock except for distributions pursuant to any shareholders’ rights plan which is approved by a majority of the Borrower’s
disinterested directors.

 

2.3  Sale
of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s
written consent, sell, lease, exchange (including but not limited to an
exchange for assets of equal or greater value) or
otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition
of any assets may be conditioned on a specified use of the proceeds of disposition.

 

2.4  Advances
and Loans. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s
written consent, lend money, give credit or make advances to any person, firm, joint venture or corporation, including, without
limitation, officers, directors, employees, subsidiaries and affiliates of the Borrower, except loans, credits or advances (a)
in existence or committed on the date hereof and which the Borrower has informed Holder in writing prior to the date hereof, (b)
made in the ordinary course of business, (c) made to a pending merging partner pursuant to an agreement of merger or (c) not in
excess of $100,000.

 

ARTICLE III. EVENTS OF DEFAULT

 

If any of the following events
of default (each, an “Event of Default”) shall occur:

 

3.1  Failure
to Pay Principal or Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this Note, whether
at maturity, upon acceleration or otherwise, following a five (5) day cure period.

 

3.2  Conversion
and the Shares. The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens in writing that
it will not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance with
the terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or in certificated form)
any certificate for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when
required by this Note, the Borrower directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer
agent in transferring (or issuing) (electronically or in certificated form) any certificate for shares of Common Stock to be issued
to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, or fails to remove (or directs
its transfer agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive legend (or
to withdraw any stop transfer instructions in respect thereof) on any certificate for any shares of Common Stock issued to the
Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note (or makes any written announcement,
statement or threat that it does not intend to honor the obligations described in this paragraph) and any such failure shall continue
uncured (or any written announcement, statement or threat not to honor its obligations shall not be rescinded in writing) for three
(3) business days after the Holder shall have delivered a Notice of Conversion. It is an obligation of the Borrower to remain current
in its obligations to its transfer agent. It shall be an event of default of this Note, if a conversion of this Note is delayed,
hindered or frustrated due to a balance owed by the Borrower to its transfer agent. If at the option of the Holder, the Holder
advances any funds to the Borrower’s transfer agent in order to process a conversion, such advanced funds shall be paid by
the Borrower to the Holder within forty eight (48) hours of a demand from the Holder.

 

3.3  Breach
of Covenants. The Borrower breaches any covenant or other material term or condition contained in this Note and any collateral
documents including but not limited to the Purchase Agreement and such breach continues for a period of ten (10) days after written
notice thereof to the Borrower from the Holder.

 

3.4  Breach
of Representations and Warranties. Any representation or warranty of the Borrower made herein or in any agreement, statement
or certificate given in writing pursuant hereto or in connection herewith (including, without limitation, the Purchase Agreement),
shall be false or misleading in any material respect when made and the breach of which has (or with the passage of time will have)
a material adverse effect on the rights of the Holder with respect to this Note or the Purchase Agreement.

 

3.5  Receiver
or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply
for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such
a receiver or trustee shall otherwise be appointed.

 

3.6  Judgments.
Any money judgment, writ or similar process shall be entered or filed against the Borrower or any subsidiary of the Borrower or
any of its property or other assets for more than $50,000, and shall remain unvacated, unbonded or unstayed for a period of twenty
(20) days unless otherwise consented to by the Holder, which consent will not be unreasonably withheld.

 

3.7  Bankruptcy.
Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under
any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the
Borrower.

 

3.8  Delisting
of Common Stock. The Borrower shall fail to maintain the listing of the Common Stock on at least one of the OTC Markets or
an equivalent replacement exchange, the Nasdaq National Market, the Nasdaq SmallCap Market, the New York Stock Exchange, or the
American Stock Exchange.

 

3.9  Failure
to Comply with the Exchange Act. The Borrower shall fail to comply with the reporting requirements of the Exchange Act; and/or
the Borrower shall cease to be subject to the reporting requirements of the Exchange Act.

 

3.10  Liquidation.
Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

 

3.11  Cessation
of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts
as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going
concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

 

3.12  Maintenance
of Assets. The failure by Borrower to maintain any material intellectual property rights, personal, real property or other
assets which are necessary to conduct its business (whether now or in the future).

 

3.13  Financial
Statement Restatement. The restatement of any financial statements filed by the Borrower with the SEC for any date or period
from two years prior to the Issue Date of this Note and until this Note is no longer outstanding, if the result of such restatement
would, by comparison to the unrestated financial statement, have constituted a material adverse effect on the rights of the Holder
with respect to this Note or the Purchase Agreement.

 

3.14  Reverse
Splits. The Borrower effectuates a reverse split of its Common Stock without twenty (20) days prior written notice to the Holder.

 

3.15  Replacement
of Transfer Agent. In the event that the Borrower proposes to replace its transfer agent, the Borrower fails to provide, prior
to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered
pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares of Common Stock in
the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower.

 

3.16  Cross-Default.
Notwithstanding anything to the contrary contained in this Note or other related or companion documents, a breach or default by
the Borrower of any covenant or other term or condition contained any other financial instrument, including but not limited to
all convertible promissory notes, already issued, or issued in the future, by the Borrower, to the Holder or any other 3rd
party, after the passage of all applicable notice and cure or grace periods, shall, at the option of the Holder, be considered
a default under this Note.

 

3.17 ACH
Account Change. The Borrower changes it bank account to an account that differs from the bank account specified on Exhibit
B attached hereto, without (i) prior signed written consent of the Holder and (ii) Borrower’s execution of a signed authorization
agreement for preauthorized payments that is exactly the same as the form attached hereto as Exhibit B (except for the new bank
account information) with respect to the new bank account.

 

3.18 ACH
Payment Default. The Borrower blocks, rejects, or otherwise restricts any action taken by Holder pursuant to Holder’s
rights under this Note with respect to the Borrower’s bank account, including but not limited to Holder’s withdrawal
of the Specific Daily Repayment Amount (as defined in Exhibit B attached hereto) pursuant to an ACH debit transaction or otherwise
from the Borrower’s bank account, or the Holder’s withdrawal of the Specific Daily Repayment Amount from the Borrower’s
bank account pursuant to an ACH debit transaction or otherwise is rejected for any reason.

 

3.19 Event of Default.
Upon the occurrence of any Event of Default specified in Sections 3.1, 3.2, 3.3, 3.4, 3.5, 3.6, 3.7, 3.8, 3.9, 3.10, 3.11, 3.12,
3.13, 3.14, 3.15, and/or 3.16, exercisable through the delivery of written notice to the Borrower by such Holders (the “Default
Notice”), , the Note shall become immediately due and payable and the Borrower shall pay to the Holder, in full satisfaction
of its obligations hereunder, an amount equal to the greater of (i) 150% times the sum of (w) the then outstanding principal amount
of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the date of payment (the “Mandatory
Prepayment Date”) plus any amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof (the then outstanding principal
amount of this Note to the date of payment plus the amounts referred to in clauses (x) and, (y) shall collectively be known as
the “Default Sum”), and all other amounts payable hereunder shall immediately become due and payable, all without
demand, presentment or notice, all of which hereby are expressly waived, together with all costs, including, without limitation,
legal fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies available at
law or in equity.

 

If the Borrower fails to pay the Default Amount
within five (5) business days of written notice that such amount is due and payable, then the Holder shall have the right at any
time, so long as the Borrower remains in default (and so long and to the extent that there are sufficient authorized shares), to
require the Borrower, upon written notice, to immediately issue, in lieu of the Default Amount, the number of shares of Common
Stock of the Borrower equal to the Default Amount divided by the Conversion Price then in effect.

 

ARTICLE IV. MISCELLANEOUS

 

4.1  Failure or Indulgence
Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or
further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative
to, and not exclusive of, any rights or remedies otherwise available.

 

4.2 Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified
most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed
effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile
machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice
is to be received), or the first business day following such delivery (if delivered other than on a business day during normal
business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express
courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur.
The addresses for such communications shall be:

 

If to the Borrower, to:

 

NEWMARKT CORP

500 La Terraza Blvd., Suite 150

Escondido, CA 92025

Attn: Michael Chermak / CEO

Email: michael@ozopsurgical.com

 

If to the Holder:

 

CAREBOURN CAPITAL, L.P. 

8700 Black Oaks Lane N

Maple Grove, Minnesota 55311

Attn: Chip Rice, Managing Member 

Email: info@carebourncapital.com

 

4.3  Amendments.
This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and the Holder. The term
“Note” and all reference thereto, as used throughout this instrument, shall mean this instrument (and the other Notes
issued pursuant to the Purchase Agreement) as originally executed, or if later amended or supplemented, then as so amended or supplemented.

 

4.4  Assignability.
This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to be the benefit of the Holder and
its successors and assigns. Each transferee of this Note must be an “accredited investor” (as defined in Rule 501(a)
of the 1933 Act). Notwithstanding anything in this Note to the contrary, this Note may be pledged as collateral in connection with
a bona fide margin account or other lending arrangement.

 

4.5  Cost of Collection.
If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection, including reasonable
attorneys’ fees.

 

4.6 Governing Law.

 

(a).Except in the case
of the Mandatory Forum Selection provisions in Section 4.6(b) below, which clause shall be governed and interpreted in accordance
with Minnesota law, this Agreement and all other Transaction Documents shall be delivered and accepted in and shall be deemed to
be contracts made under and governed by the internal laws of the State of Minnesota, and for all purposes shall be construed in
accordance with the laws of such State, without giving effect to the choice of law provisions of such state. This Agreement shall
be governed by and construed in accordance with the laws of the State of Minnesota without regard to principles of conflicts of
laws.

 

(b).Mandatory Forum
Selection. Any action brought by either party against the other concerning the transactions contemplated by this Note shall be
brought only in the state courts or federal courts located in the state of Minnesota, County of Hennepin. The parties to this Note
hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense
based on lack of jurisdiction or venue or based upon forum non conveniens. The Borrower and Holder waive trial by jury.
The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs. In the event that
any provision of this Note or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable
statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall
be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under
any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably
waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this
Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail or overnight delivery (with
evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service
shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in
any way any right to serve process in any other manner permitted by law.

 

4.7 Certain Amounts.
Whenever pursuant to this Note the Borrower is required to pay an amount in excess of the outstanding principal amount (or the
portion thereof required to be paid at that time) plus accrued and unpaid interest, the Borrower and the Holder agree that the
actual damages to the Holder from the receipt of cash payment on this Note may be difficult to determine and the amount to be so
paid by the Borrower represents stipulated damages and not a penalty and is intended to compensate the Holder in part for loss
of the opportunity to convert this Note and to earn a return from the sale of shares of Common Stock acquired upon conversion of
this Note at a price in excess of the price paid for such shares pursuant to this Note. The Borrower and the Holder hereby agree
that such amount of stipulated damages is not plainly disproportionate to the possible loss to the Holder from the receipt of a
cash payment without the opportunity to convert this Note into shares of Common Stock.

 

4.8 Usury Savings Clause.
Notwithstanding any provision in this Note or the other Transaction Documents to the contrary, the total liability for payments
of interest and payments in the nature of interest, including, without limitation, all charges, fees, exactions, or other sums
which may at any time be deemed to be interest, shall not exceed the limit imposed by the usury laws of the jurisdiction governing
this Note or any other applicable law. In the event the total liability of payments of interest and payments in the nature of
interest, including, without limitation, all charges, fees, exactions or other sums which may at any time be deemed to be interest,
shall, for any reason whatsoever, result in an effective rate of interest, which for any month or other interest payment period
exceeds the limit imposed by the usury laws of the jurisdiction governing this Note, all sums in excess of those lawfully collectible
as interest for the period in question shall, without further agreement or notice by, between, or to any party hereto, be applied
to the reduction of the outstanding principal balance due hereunder immediately upon receipt of such sums by the Holder hereof,
with the same force and effect as though the Company had specifically designated such excess sums to be so applied to the reduction
of the principal balance then outstanding, and the Holder hereof had agreed to accept such sums as a penalty-free payment of principal;
provided, however, that the Holder may, at any time and from time to time, elect, by notice in writing to the Company, to waive,
reduce, or limit the collection of any sums in excess of those lawfully collectible as interest, rather than accept such sums
as a prepayment of the principal balance then outstanding. It is the intention of the parties that the Company does not intend
or expect to pay, nor does the Holder intend or expect to charge or collect any interest under this Note greater than the highest
non-usurious rate of interest which may be charged under applicable law.

 

4.9 Purchase Agreement.
By its acceptance of this Note, each party agrees to be bound by the applicable terms of the Purchase Agreement.

 

4.10 Notice
of Corporate Events. Except as otherwise provided below, the Holder of this Note shall have no rights as a Holder of Common
Stock unless and only to the extent that it converts this Note into Common Stock. The Borrower shall provide the Holder with prior
notification of any meeting of the Borrower’s shareholders (and copies of proxy materials and other information sent to
shareholders). In the event of any taking by the Borrower of a record of its shareholders for the purpose of determining shareholders
who are entitled to receive payment of any dividend or other distribution, any right to subscribe for, purchase or otherwise acquire
(including by way of merger, consolidation, reclassification or recapitalization) any share of any class or any other securities
or property, or to receive any other right, or for the purpose of determining shareholders who are entitled to vote in connection
with any proposed sale, lease or conveyance of all or substantially all of the assets of the Borrower or any proposed liquidation,
dissolution or winding up of the Borrower, the Borrower shall mail a notice to the Holder, at least twenty (20) days prior to
the record date specified therein (or thirty (30) days prior to the consummation of the transaction or event, whichever is earlier),
of the date on which any such record is to be taken for the purpose of such dividend, distribution, right or other event, and
a brief statement regarding the amount and character of such dividend, distribution, right or other event to the extent known
at such time. The Borrower shall make a public announcement of any event requiring notification to the Holder hereunder substantially
simultaneously with the notification to the Holder in accordance with the terms of this Section 4.9.

 

4.11  Remedies.
The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder, by vitiating
the intent and purpose of the transaction contemplated hereby. Accordingly, the Borrower acknowledges that the remedy at law for
a breach of its obligations under this Note will be inadequate and agrees, in the event of a breach or threatened breach by the
Borrower of the provisions of this Note, that the Holder shall be entitled, in addition to all other available remedies at law
or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing
any breach of this Note and to enforce specifically the terms and provisions thereof, without the necessity of showing economic
loss and without any bond or other security being required.

 

4.12 Right
of First Refusal. If at any time while this Note is outstanding, the Borrower has a bona fide offer of capital or financing
from any 3rd party, the Borrower must first offer such opportunity to the Holder to provide such capital or financing
to the Borrower on the same terms as each respective 3rd party’s terms. Should the Holder be unwilling or unable
to provide such capital or financing to the Borrower within 15 days from receipt of written notice of the offer (the “Offer
Notice”) from the Borrower, then the Borrower may obtain such capital or financing from that respective 3rd party
upon the same terms and conditions offered by the Borrower to the Holder, which transaction must be completed within 30 days after
the date of the Offer Notice. If the Borrower does not complete such transaction within such time period, then the Borrower must
again offer the capital or financing opportunity to the Holder on the same terms, and the process detailed above shall be repeated.

 

4.13 ACH
Payment Authorization. Borrower irrevocably authorizes Holder’s right to withdraw (through an ACH debit or otherwise)
$US850.00 to commence in two week from funding date and to last for a 30 day period. Remaining 210 day period the per day amount
will increase to $US1,100.00 (the “Specific Daily Repayment Amount”) (subject to adjustment as provided herein)
from the Borrower’s bank account (initially, the bank account identified on Exhibit B attached hereto, but also including
any subsequent bank account of the Borrower if such account is changed) (the “Bank Account”), on each business day,
until this Note is satisfied in full. Borrower shall provide Holder with all required access codes to effectuate any and all ACH
debit transactions as provided for in this Note. Borrower understands that it is responsible for ensuring that at least the Specific
Daily Repayment Amount remains in its Bank Account on each business day until this Note is satisfied in full, and that the Borrower
shall be responsible for any charges incurred by the Holder resulting from a rejected ACH attempt, insufficient funds in the Bank
Account, and/or all related bank charges. Such charges shall be immediately added to the outstanding balance of the Note. The Specific
Daily Repayment Amount shall automatically adjust to such prorated higher amount based upon the addition of charges to the outstanding
balance of Note, as well as to reflect any penalties incurred or events of defaults triggered under the terms of the Note (to be
calculated as follows: the total outstanding amount under the Note (including but not limited to all principal, interest, charges,
penalties, and additions due to any event of default) divided by the number of business days remaining prior to the Maturity Date).
Holder shall not be responsible for any overdrafts or rejected transactions that result from Holder’s ACH debiting of the
Specific Daily Repayment Amount as provided in this Note and the exhibits hereto. Holder may debit the Specific Daily Repayment
Amount each business day.

 

The Holder shall
be permitted to aggregate the Specific Daily Repayment Amount of all convertible promissory notes then issued by the Borrower to
the Holder, and withdraw such aggregated amount from the Borrower’s bank account, in the interest of reducing overall fees
associated with the ACH debit transactions.

 

The Holder
may, from time to time, provide a schedule to the Borrower via electronic mail (each a “Schedule”) to michael@ozopsurgical.com,
showing the outstanding balance of the Note as well as all ACH debits, conversion amounts, and/or all other adjustments as provided
in the Note (the “Schedule”). If the Borrower does not respond to the Holder, via electronic mail to info@carebourncapital.com,
stating that the respective Schedule is accurate or disputing the amounts contained therein (with objective documentation unequivocally
supporting such dispute), within two (2) business days of receipt of the respective Schedule, then the Borrower shall be deemed
to have irrevocably approved the amounts contained in such respective Schedule.

 

4.14  Terms
of Future Financings.  So long as this Note is outstanding, upon any issuance by the Borrower or any of its subsidiaries
of any security with any term more favorable to the holder of such security or with a term in favor of the holder of such security
that was not similarly provided to the Holder in this Note, then the Borrower shall notify the Holder of such additional or more
favorable term and such term, at Holder’s option, shall become a part of the transaction documents with the Holder.  The
types of terms contained in another security that may be more favorable to the holder of such security include, but are not limited
to, terms addressing conversion discounts, prepayment rate, conversion lookback periods, interest rates, original issue discounts,
stock sale price, private placement price per share, and warrant coverage.

[SIGNATURE PAGE FOLLOWS]

    	 

    	 

    

 

IN WITNESS WHEREOF, Borrower
has caused this Note to be signed in its name by its duly authorized officer this APRIL 13TH, 2018.

 

 

NEWMARKT CORP.

 

 

 

By: /s/ Michael Chermak

Name:Michael Chermak

Title:CEO

 

 

 

    	 

    	 

    

EXHIBIT A: NOTICE OF CONVERSION

 

The undersigned hereby
elects to convert $______________________ principal amount of the Note (defined below) into that number of shares of Common Stock
to be issued pursuant to the conversion of the Note (“Common Stock”) as set forth below, of NEWMARKT CORP., a
NEVADA corporation (the “Borrower”) according to the conditions of the convertible note of the Borrower dated
as of APRIL 13TH, 2018 (the “Note”), as of the date written below. No fee will be charged to the
Holder for any conversion, except for transfer taxes, if any.

 

	Box Checked as to applicable instructions:	 
	 	 	 
	☐	The Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the undersigned or its nominee with DTC through its Deposit Withdrawal Agent Commission system (“DWAC Transfer”).
	 	 	 
	 	Name of DTC Prime Broker:    	 
	 	Account Number:   	 
	 	 	 
	☐	The undersigned hereby requests that the Borrower issue a certificate or certificates for the number of shares of Common Stock set forth below (which numbers are based on the Holder’s calculation attached hereto) in the name(s) specified immediately below or, if additional space is necessary, on an attachment hereto:
	 	 	 
	 	CAREBOURN CAPITAL, L.P. 	 
	 	8700 Black Oaks Lane N	 
	 	Maple Grove, Minnesota 55311	 
	 	Attention: Certificate Delivery  	 
	 	612.889.4671	 
	 	 	 
	 	Date of Conversion:           	_____________
	 	Applicable Conversion Price:    	$____________
	 	Number of Shares of Common Stock to be Issued  	 
	 	Pursuant to Conversion of the Notes:    	_____________
	 	Amount of Principal Balance Due remaining	 
	 	Under the Note after this conversion:    	_____________
	 	 	 
	 	CAREBOURN CAPITAL, L.P. 	 
	 	By: Carebourn Partners, LLC,	 
	 	a Minnesota limited liability company,	 
	 	its General Partner	 
	 	 	 
	 	 	 
	 	By: _____________________________	 
	 	Name: Chip Rice	 
	 	Title:   Managing Member	 

 

 

    	 	 	 

     

    

EXHIBIT B

(see attached)

 

 

AUTHORIZATION AGREEMENT FOR PREAUTHORIZED
PAYMENTS

 

NEWMARKT
CORP., a NEVADA corporation (the “Company”), hereby irrevocably authorizes Carebourn Capital, L.P. (the
“Holder”), to initiate debit and credit entries to its checking account indicated below (the “Account”)
and the depository named below (the “Depository”), to debit or credit the same to such Account. The Company further
authorizes the Holder to debit said Account for such total outstanding amount of the convertible promissory note issued by the
Company to Holder on APRIL 13TH, 2018 (the “Note”), upon an Event of Default (as defined in the Note).
The Company hereby represents and certifies that the Account is used for commercial and/or business purposes only.

Depository
Name: _____________________________

Name
of Bank Account: _________________________

Bank Address:_________________________________

_________________________________

Routing/ABA Number:
__________________________

Account
Number: ______________________________

A copy of a voided check for the
Account is attached hereto as Exhibit “C”. This authority is to remain in full force and effect until the Holder confirms
in a signed writing that the Note has been satisfied in full, and in a manner as to afford the Depository a reasonable opportunity
to act on it.

 

/s/ Michael Chermak

Signature

 

Name:Michael Chermak

Title: CEO

    	 

    	 

    

 

EXHIBIT C

(see attached)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	 	 

     

    

 

EXHIBIT D

(see attached)

 

Representations and Warranties
Regarding Anti-Money Laundering; OFAC.

		1.1.	The Borrower should check the Office of Foreign Assets Control (“OFAC”) website at
http://www.treas.gov/ofac before making the following representations.

		1.2.	The Borrower represents that the cash amounts to be paid to Carebourn Capital, L.P. (the “Holder”)
under the convertible promissory note dated APRIL 13TH, 2018 (the “Note”), by the Borrower, were
not and are not directly or indirectly derived from activities that contravene U.S. federal or state or international laws and
regulations, including anti-money laundering laws and regulations. U.S. federal regulations and executive orders administered by
OFAC prohibit, among other things, the engagement in transactions with, and the provision of services to, certain foreign countries,
territories, entities and individuals. The lists of OFAC prohibited countries, territories, persons and entities can be found on
the OFAC website at http://www.treas.gov/ofac. In addition, the programs administered by OFAC (the “OFAC Programs”)
prohibit dealing with individuals[1] or entities in certain
countries regardless of whether such individuals or entities appear on the OFAC lists.

		1.3.	To the best of the Borrower’s knowledge, none of: (1) the Borrower; (2) any person controlling
or controlled by the Borrower; (3) if the Borrower is a privately-held entity, any person having a beneficial interest in the Borrower;
or (4) any person for whom the Borrower is acting as agent or nominee is a country, territory, individual or entity named on an
OFAC list, or a person or entity prohibited under the OFAC Programs.

		1.4.	To the best of the Borrower’s knowledge, none of: (1) the Borrower; (2) any person controlling
or controlled by the Borrower; (3) if the Borrower is a privately-held entity, any person having a beneficial interest in the Borrower;
or (4) any person for whom the Borrower is acting as agent or nominee is a senior foreign political figure[2],
or any immediate family[3] member or close associate[4]
of a senior foreign political figure, as such terms are defined in the footnotes below.

		1.5.	Borrower hereby represents and warrants that the cash payments under the Note are to be made on
its own behalf or, if applicable, and such cash payments do not directly or indirectly contravene United States federal, state,
local or international laws or regulations applicable to Borrower, including anti-money laundering laws.

		1.6.	If the Borrower is affiliated with a non-U.S. banking institution (a “Foreign Bank”),
or if the Borrower receives deposits from, makes payments on behalf of, or handles other financial transactions related to a Foreign
Bank, the Borrower represents and warrants to the Holder that: (1) the Foreign Bank has a fixed address, other than solely an electronic
address, in a country in which the Foreign Bank is authorized to conduct banking activities; (2) the Foreign Bank maintains operating
records related to its banking activities; (3) the Foreign Bank is subject to inspection by the banking authority that licensed
the Foreign Bank to conduct banking activities; and (4) the Foreign Bank does not provide banking services to any other Foreign
Bank that does not have a physical presence in any country and that is not a regulated affiliate.

		1.7.	Upon the written request from the Holder, Borrower agrees to provide all information to the Holder
to enable the Holder to comply with all applicable anti-money laundering statutes, rules, regulations and policies. Borrower understands
and agrees that the Holder may release confidential information about Borrower and, if applicable, any of its affiliates, directors,
officers, trustees, beneficiaries and grantors related thereto, to any person if the Holder, in its sole discretion, determines
that such disclosure is necessary to comply with applicable statutes, rules, regulations and policies.

 

IN WITNESS WHEREOF, Borrower
has caused this representation letter to be signed in its name by its duly authorized officer this APRIL 13TH, 2018.

 

 

NEWMARKT CORP.

 

 

 

By: /s/ Michael Chermak

Name:Michael Chermak

Title:CEO

 

 

 

 

 

[1]
These individuals include specially designated nationals, specially designated narcotics traffickers and other parties subject
to OFAC sanctions and embargo programs.

[2]
A “senior foreign political figure” is defined as a senior official in the executive, legislative, administrative,
military or judicial branches of a foreign government (whether elected or not), a senior official of a major foreign political
party, or a senior executive of a foreign government-owned corporation. In addition, a “senior foreign political figure”
includes any corporation, business or other entity that has been formed by, or for the benefit of, a senior foreign political
figure.

[3]
“Immediate family” of a senior foreign political figure typically includes the figure’s parents,
siblings, spouse, children and in-laws.

[4]
A “close associate” of a senior foreign political figure is a person who is widely and publicly known
to maintain an unusually close relationship with the senior foreign political figure, and includes a person who is in a position
to conduct substantial domestic and international financial transactions on behalf of the senior foreign political figure.Exhibit 10.4

 

PLEDGE AGREEMENT

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

WHEREAS:

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

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

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

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

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

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

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

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

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

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

 

SECTION 4. Delivery of
the Pledged Collateral.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

SECTION 8. Additional
Provisions Concerning the Pledged Collateral.

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

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

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

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

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

SECTION 10. Indemnity
and Expenses.

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

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

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

 

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

 

SECTION 13. Miscellaneous.

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

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

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

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

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

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

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

SECTION 14. Representations
and Warranties of Company.

 

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

 

 

[Signature
page to follow]

    	 

    	 

    

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

 

CAREBOURN CAPITAL, L.P.

 

By: ________________________________

Name: Chip Rice

Title: Managing Member

 

 

ACCEPTED AND AGREED:

 

 

Newmarkt, Corp.

 

 

By: _______________________________

Name: Michael Chermak

Title: Chief Executive Officer

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