Document:

Exhibit 10.29

 

TRADEMARK
SECURITY AGREEMENT

 

This
TRADEMARK SECURITY AGREEMENT (this “Trademark Security Agreement”) is entered into as of May __, 2021 by and between
MARIZYME, INC., a Nevada corporation (the “Grantor”) and secured parties signatory hereto (collectively, the
“Secured Party”).

 

WHEREAS,
(a) the Grantor and the Secured Party have entered into that certain Unit Purchase Agreement dated as of the date hereof (as amended
and in effect from time to time, the “UPA”) and (b) the Grantor has issued to the Secured Party those certain Units
and those certain Senior Secured Convertible Promissory Notes dated as of the date hereof (as amended and in effect from time to time,
collectively, the “Notes”);

 

WHEREAS,
in connection with the UPA and the Notes, the Grantor has entered into that certain Security Agreement dated as of the date hereof (as
amended and in effect from time to time, the “Security Agreement”) with the Secured Party pursuant to which, the Grantor
has granted a lien in favor of the Secured Party in all of the Grantor’s assets (including the Trademark Collateral) to secure
its obligations under the Guaranty; and

 

WHEREAS,
in connection with the Security Agreement, the Grantor has agreed to execute and deliver this Trademark Security Agreement in order to
record the security interest granted to the Secured Party with the United States Patent and Trademark Office;

 

NOW,
THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Grantor hereby agrees as follows:

 

SECTION
1. Defined Terms. Unless otherwise defined herein, capitalized terms defined in the Security Agreement and used herein have the
meaning given to them in the Security Agreement. The term “Trademarks” means, collectively, (a) all of the trademarks,
service marks, designs, logos, indicia, trade names, corporate names, company names, business names, fictitious business names, trade
styles, elements of package or trade dress, and other source and product or service identifiers, used or associated with or appurtenant
to the products, services and businesses of the Grantor, that (i) are set forth on Schedule I hereto, or (ii) have been adopted,
acquired, owned, held or used by the Grantor or are now owned, held or used by the Grantor, in the Grantor’s business, or with
the Grantor’s products and services, or in which the Grantor has any right, title or interest, or (iii) are in the future adopted,
acquired, owned, held and used by the Grantor in the Grantor’s business or with the Grantor’s products and services, or in
which the Grantor in the future acquires any right, title or interest, (b) all past, present or future rights in, to and associated with
the foregoing throughout the world, whether arising under federal law, state law, common law, foreign law or otherwise, including the
following: all such rights arising out of or associated with the registrations of the foregoing items set forth in clause (a), the right
(but not the obligation) to register claims under any state, federal or foreign trademark law or regulation; the right (but not the obligation)
to sue or bring opposition or cancellation proceedings in the name of the Grantor or the Secured Party for any and all past, present
and future infringements or dilution of or any other damages or injury to the foregoing or any associated goodwill, and the rights to
damages or profits due or accrued arising out of or in connection with any such past, present or future infringement, dilution, damage
or injury; and (c) any license rights related to the foregoing.

 

    	1

    	 

    

 

SECTION
2. Grant of Security Interest in Trademark Collateral.

 

2.1.
The Grantor hereby pledges, collaterally assigns and grants to the Secured Party to secure the prompt and complete payment and performance
of the Obligations, a security interest (referred to in this Trademark Security Agreement as the “Security Interest”)
in all of the Grantor’s right, title and interest in, to and under the following, whether now owned or hereafter acquired or arising
(collectively, the “Trademark Collateral”):

 

	 	(a)
    all of its Trademarks and licenses with respect to Trademarks to which it is a party including those referred to on Schedule I;
	 	 
	 	(b)
    all goodwill of the business connected with the use of, and symbolized by, each Trademark and each license with respect to Trademarks;
    and
	 	 
	 	(c)
    all products and proceeds (as that term is defined in the UCC) of the foregoing, including any claim by the Grantor against third
    parties for past, present or future (i) infringement or dilution of any Trademark or any Trademarks exclusively licensed under any
    license, including right to receive any damages, (ii) injury to the goodwill associated with any Trademark, or (iii) right to receive
    license fees, royalties, and other compensation under any license with respect to Trademarks.

 

2.2.Subject
to Section 14 of the Security Agreement, the Grantor’s obligations under this Agreement shall be limited to the actual dollar amount
of the Obligations. Any actions taken by the Secured Party or its agent(s) under the provisions of this Trademark Security Agreement
upon the occurrence and during the continuance of an Event of Default, including with respect to the authorization to sell, transfer,
pledge, make any agreement with respect to or otherwise dispose of or deal with any of the Collateral, shall be limited to the actual
dollar amount of the Obligations.

 

SECTION
3. Security for Obligations. This Trademark Security Agreement and the Security Interest created hereby secures the payment and
performance of the Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Trademark
Security Agreement secures the payment of all amounts which constitute part of the Obligations and would be owed by the Grantor to the
Secured Party, whether or not they are unenforceable or not allowable due to the existence of an insolvency proceeding involving the
Grantor.

 

SECTION
4. Security Agreement. The Security Interest granted pursuant to this Trademark Security Agreement is granted in conjunction with
the security interests granted to the Secured Party pursuant to the Security Agreement. The Grantor hereby acknowledges and affirms that
the rights and remedies of the Secured Party with respect to the Security Interest in the Trademark Collateral made and granted hereby
are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully
set forth herein. To the extent there is any inconsistency between this Trademark Security Agreement and the Security Agreement, the
Security Agreement shall control.

 

SECTION
5. Authorization to Supplement. If the Grantor shall obtain rights to any new Trademarks, the provisions of this Trademark Security
Agreement shall automatically apply thereto. The Grantor hereby authorizes the Secured Party unilaterally to modify this Trademark Security
Agreement by amending Schedule I to include any such new trademark rights of the Grantor. Notwithstanding the foregoing, no failure
to so modify this Trademark Security Agreement or amend Schedule I shall in any way affect, invalidate or detract from the Secured
Party’s continuing security interest in all Collateral (including the Trademark Collateral), whether or not listed on Schedule
I.

 

    	2

    	 

    

 

 

SECTION
6. Counterparts. This Trademark Security Agreement may be executed in any number of counterparts, all of which shall
constitute one and the same instrument, and any party hereto may execute this Trademark Security Agreement by signing and
delivering one or more counterparts.

 

SECTION
7. Governing Law. This Trademark Security Agreement and any claims, controversy, dispute or cause of action (whether in contract
or tort or otherwise) based upon, arising out of or relating to this Trademark Security Agreement and the transactions contemplated hereby
shall be governed by, and construed in accordance with, the law of the State of New York.

 

[signature
pages follow]

 

    	3

    	 

    

 

 

IN
WITNESS WHEREOF, each Grantor has caused this Trademark Security Agreement to be executed and delivered by its duly authorized offer
as of the date first set forth above.

 

	GRANTOR:	 	MARIZYME,
    INC.
	 	 	 	 
	 	 	By:	
	 	 	Name:	James
    Sapirstein
	 	 	Title:	Interim
    Chief Executive Officer

 

CERTIFICATE
OF ACKNOWLEDGMENT

 

	COMMONWEALTH
    OR STATE OF ____________________________	)
	 	)
    ss.
	COUNTY
    OF ______________________________________________	)

 

Before
me, the undersigned, a Notary Public in and for the county aforesaid, on this __ day of May, 2021, personally appeared __________________
to me known personally, and who, being by me duly sworn, deposes and says that he/she is the Interim Chief Executive Officer of Marizyme,
Inc. and that said instrument was signed and sealed on behalf of said corporation by authority of its Board of Directors, and said ______________
acknowledged said instrument to be the free act and deed of said corporation.

 

	 	______________________________
	 	(official
    signature and seal of notary)
	 	 
	 	My
    commission expires:

 

[Signature
Pages of the Secured Parties follow]

 

    	4

    	 

    

 

Signature
Pages of the Secured Parties

 

Accepted
and agreed to:

 

	 	By:
    	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	By:
    	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	By:
    	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	By:
    	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	By:
    	 
	 	Name: 	 
	 	Title:	 
	 	 	 
	 	By:
    	 
	 	Name:	 
	 	Title:	 

 

    	5

    	 

    

 

SCHEDULE
I 

to

TRADEMARK
SECURITY AGREEMENT 

TRADEMARK
REGISTRATIONS AND TRADEMARK APPLICATIONS

 

    	6Exhibit
10.30

 

PATENT
SECURITY AGREEMENT 

 

This
PATENT SECURITY AGREEMENT (this “Patent Security Agreement”) is entered into as of May 19, 2021 by and among Marizyme,
Inc., a Nevada corporation (the “Grantor”) and the secured parties signatory hereto (collectively,
the “Secured Party”).

 

WHEREAS,
(a) the Grantor and the Secured Party have entered into that certain Unit Purchase Agreement dated as of the date hereof (as amended
and in effect from time to time, the “UPA”) and (b) the Grantor has issued to the Secured Party those certain Units
and those certain Secured Convertible Promissory Notes dated as of the date hereof (as amended and in effect from time to time, collectively,
the “Notes”);

 

WHEREAS,
in connection with the UPA and the Notes, the Grantor has entered into that certain Security Agreement dated as of the date hereof (as
amended and in effect from time to time, the “Security Agreement”) with the Secured Party pursuant to which the Grantor
has granted a lien in favor of the Secured Party in all of the Grantor’s assets (including the Patent Collateral) to secure its
obligations under the Guaranty; and

 

WHEREAS,
in connection with the Security Agreement, the Grantor has agreed to execute and deliver this Patent Security Agreement in order to record
the security interest granted to the Secured Party with the United States Patent and Trademark Office;

 

NOW,
THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Grantor hereby agrees as follows:

 

SECTION
1. Defined Terms. Unless otherwise defined herein, capitalized terms defined in the Security Agreement and used herein have the
meaning given to them in the Security Agreement. The term “Patents” means, collectively, (a) all of the patent and
patent applications, whether United States or foreign, that are owned by the Grantor, or in which the Grantor has any right, title or
interest, now or in the future, including but not limited to (i) the patents and patent applications listed on Schedule I hereto (as
the same may be amended pursuant hereto from time to time), (ii) all letters patent of the United States or any other country, and all
applications for letters patent of the United States or any other country; (iii) all re-issues, continuations, divisions, continuations-in-part,
renewals or extensions thereof; (iv) the inventions disclosed or claimed therein, including the right to make, use, practice and/or sell
(or license or otherwise transfer or dispose of) the inventions disclosed or claimed therein; and (v) the right (but not the obligation)
to make and prosecute applications for such patents, (b) all past, present or future rights in, to and associated with the foregoing
throughout the world, whether arising under federal law, state law, common law, foreign law or otherwise, including the following: all
such rights arising out of or associated with the registrations of the foregoing items set forth in clause (a), the right (but not the
obligation) to register claims under any state, federal or foreign patent law or regulation; the right (but not the obligation) to sue
or bring opposition or cancellation proceedings in the name of the Grantor or the Secured Party for any and all past, present and future
infringements or dilution of or any other damages or injury to the foregoing or any associated goodwill, and the rights to damages or
profits due or accrued arising out of or in connection with any such past, present or future infringement, dilution, damage or injury;
and (c) any license rights related to the foregoing.

 

    	 

     

    

 

SECTION
2. Grant of Security Interest in Patent Collateral.

 

2.1
The Grantor hereby pledges, collaterally assigns and grants to the Secured Party to secure the prompt and complete payment and
performance of the Obligations, a security interest (referred to in this Patent Security Agreement as the “Security
Interest”) in all of the Grantor’s right, title and interest in, to and under the following, whether now owned or
hereafter acquired or arising (collectively, the “Patent Collateral”):

 

	 	(a)	all
    of its Patents and licenses with respect to Patents to which it is a party including those referred to on Schedule I;
	 	 	 
	 	(b)	each
    license with respect to Patents; and
	 	 	 
	 	(c)	all
    products and proceeds (as that term is defined in the UCC) of the foregoing, including any claim by the Grantor against third parties
    for past, present or future (i) infringement or dilution of any Patent or any Patents exclusively licensed under any license, including
    right to receive any damages, or (ii) right to receive license fees, royalties, and other compensation under any license with respect
    to Patents.

 

2.2
Subject to Section 14 of the Security Agreement, the Grantor’s obligations under this agreement shall be limited to the actual
dollar amount of the Obligations. Any actions taken by the Secured Party or its agent(s) under the provisions of this Patent
Security Agreement upon the occurrence and during the continuance of an Event of Default, including with respect to the
authorization to sell, transfer, pledge, make any agreement with respect to or otherwise dispose of or deal with any of the
Collateral, shall be limited to the actual dollar amount of the Obligations.

 

SECTION
3. Security for Obligations. This Patent Security Agreement and the Security Interest created hereby secures the payment and performance
of the Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Patent Security
Agreement secures the payment of all amounts which constitute part of the Obligations and would be owed by the Grantor to the Secured
Party, whether or not they are unenforceable or not allowable due to the existence of an insolvency proceeding involving the Grantor.

 

SECTION
4. Security Agreement. The Security Interest granted pursuant to this Patent Security Agreement is granted in conjunction with
the security interests granted to the Secured Party pursuant to the Security Agreement. The Grantor hereby acknowledges and affirms that
the rights and remedies of the Secured Party with respect to the Security Interest in the Patent Collateral made and granted hereby are
more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set
forth herein. To the extent there is any inconsistency between this Patent Security Agreement and the Security Agreement, the Security
Agreement shall control.

 

    	2

     

    

 

SECTION
5. Authorization to Supplement. If the Grantor shall obtain rights to any new Patents, the provisions of this Patent Security
Agreement shall automatically apply thereto. The Grantor hereby authorizes the Secured Party unilaterally to modify this Patent Security
Agreement by amending Schedule I to include any such new patent rights of the Grantor. Notwithstanding the foregoing, no failure
to so modify this Patent Security Agreement or amend Schedule I shall in any way affect, invalidate or detract from the Secured
Party’s continuing security interest in all Collateral (including the Patent Collateral), whether or not listed on Schedule
I.

 

SECTION
6. Counterparts. This Patent Security Agreement may be executed in any number of counterparts, all of which shall constitute one
and the same instrument, and any party hereto may execute this Patent Security Agreement by signing and delivering one or more counterparts.

 

SECTION
7. Governing Law. This Patent Security Agreement and any claims, controversy, dispute or cause of action (whether in contract
or tort or otherwise) based upon, arising out of or relating to this Patent Security Agreement and the transactions contemplated hereby
shall be governed by, and construed in accordance with, the law of the State of New York.

 

[signature
pages follow]

 

    	3

     

    

 

IN
WITNESS WHEREOF, the Grantor has caused this Patent Security Agreement to be executed and delivered by its duly authorized offer as of
the date first set forth above.

 

	GRANTOR:	MARIZYME, INC.
	 	 	 
	 	By:	 
	 	Name: 	James
    Sapirstein
	 	Title:	Interim Chief
    Executive Officer

 

CERTIFICATE
OF ACKNOWLEDGMENT

 

	COMMONWEALTH OR STATE OF _________________________	)
	 	) ss.
	COUNTY OF ___________________________________________	)

 

Before
me, the undersigned, a Notary Public in and for the county aforesaid, on this __ day of May, 2021, personally appeared __________________
to me known personally, and who, being by me duly sworn, deposes and says that he/she is the Interim Chief Executive Officer of Marizyme,
Inc. and that said instrument was signed and sealed on behalf of said corporation by authority of its Board of Directors, and said ______________
acknowledged said instrument to be the free act and deed of said corporation.

 

	 	______________________________
	 	(official signature and seal of notary)
	 	My commission expires:

 

[Signature
Pages of the Secured Parties follow]

 

    	4

     

    

 

Signature
Pages of the Secured Parties

 

Accepted
and agreed to:

	 	 	 
	 	By:	 
	 	Name: 	 
	 	Title:	 
	 	 	 
	 	By:
    	 
	 	Name: 
    	 
	 	Title:
    	 
	 	 	 
	 	By:
    	 
	 	Name: 
    	 
	 	Title:
    	 
	 	 	 
	 	By:
    	 
	 	Name: 
    	 
	 	Title:
    	 
	 	 	 
	 	By:
    	 
	 	Name: 
    	 
	 	Title:
    	 
	 	 	 
	 	By:
    	 
	 	Name: 
    	 
	 	Title:
    	 

 

    	5

     

    

 

SCHEDULE
I 

to

PATENT
SECURITY AGREEMENT 

PATENT
REGISTRATIONS AND PATENT APPLICATIONS 

 

    	6

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