Document:

Exhibit
4.9 

 

SECURITY
AGREEMENT

 

This
SECURITY AGREEMENT, dated as of August 17, 2020 (this “Agreement”), is among SOS Hydration Inc. (the “Debtor”
or the "Company") and Gemini Finance Corp. (“Secured Party”) as holder of that Promissory Note in
the aggregate principal amount not to exceed $700,000 (the “Note”) executed and delivered by the Company pursuant
to the Loan Agreement between the parties (the "Loan Agreement”).

 

WITNESSETH:

 

WHEREAS,
pursuant to the Loan Agreement dated as of the date hereof among Debtor and Secured Party (the "Loan Agreement"), the Secured
Party has agreed to extend a loan to the Company evidenced by the Note;

 

WHEREAS,
in order to induce the Secured Party to extend the loan evidenced by the Note, the Debtor has agreed to execute and deliver to the Secured
Party this Agreement and to grant the Secured Party a security interest in certain property of such Debtor to secure the prompt payment,
performance and discharge in full of all of the Debtor’s obligations under the Note and any other present or future indebtedness
incurred by the Debtor in favor of the Secured Party.

 

NOW,
THEREFORE, in consideration of the agreements herein contained and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto hereby agree as follows:

 

1.                 
Certain Definitions. As used in this Agreement, the following terms shall have the meanings set forth in this Section 1. Terms
used but not otherwise defined in this Agreement that are defined in Article 9 of the UCC (such as “account”, “chattel
paper”, “commercial tort

claim”, “deposit
account”, “document”, “equipment”, “fixtures”, “general intangibles”, “goods”,
“instruments”, “inventory”, “investment property”, “letter-of-credit rights”, “proceeds”
and “supporting obligations”) shall have the respective meanings given such terms in Article 9 of the UCC.

 

(a)               
“Collateral” means the collateral in which
the Secured Party is granted a security interest by this Agreement and which shall include the following personal property of the Debtor,
whether presently owned or existing or hereafter acquired or coming into existence, wherever situated, and all additions and accessions
thereto and all substitutions and replacements thereof, and all proceeds, products and accounts thereof, including, without limitation,
all proceeds from the sale or transfer of the Collateral and of insurance covering the same and of any tort claims in connection therewith:

 

(i)                
All goods, including, without limitation, (A) all machinery, equipment, computers, motor vehicles, trucks, tanks, boats, ships, appliances,
furniture, special and general tools, fixtures, test and quality control devices and other equipment of every kind and nature and wherever
situated, together with all documents of title and documents representing the same, all additions and accessions thereto, replacements
therefor, all parts therefor, and all substitutes for any of the foregoing
and all other items used and useful in connection with any Debtor’s businesses and all improvements thereto; and (B) all inventory;

    	 

    	 

    

 

(ii)              
All contract rights and other general intangibles, including, without limitation, all partnership interests, membership interests, stock
or other securities, rights under any of the Organizational Documents, licenses, distribution and other agreements, computer software
(whether “off-the-shelf”, licensed from any third party or developed by any Debtor), computer software development rights,
leases, franchises, customer lists, quality control procedures, grants and rights, goodwill, trademarks, service marks, trade styles,
trade names, patents, patent applications, copyrights, and income tax refunds;

 

(iii)           
All accounts, together with all instruments, all documents of title representing any of the foregoing, all rights in any merchandising,
goods, equipment, motor vehicles and trucks which any of the same may represent, and all right, title, security and guaranties with respect
to each account, including any right of stoppage in transit;

 

		(iv)	All
                                            documents, letter-of-credit rights, instruments and chattel paper;

 

		(v)	All
                                            commercial tort claims;

 

(vi)            
All deposit accounts and all cash (whether or not deposited in such deposit accounts);

 

		(vii)	All
                                            investment property;

 

		(viii)	All
                                            supporting obligations; and

 

		(ix)	All
                                            files, records, books of account, business papers, and computer programs; and

 

		(x)	the
                                            products and proceeds of all of the foregoing Collateral set forth in clauses (i)-

(ix) above.

 

Notwithstanding
the foregoing, nothing herein shall be deemed to constitute an assignment of any asset which, in the event of an assignment, becomes
void by operation of applicable law or the assignment of which is otherwise prohibited by applicable law (in each case to the extent
that such applicable law is not overridden by Sections 9-406, 9-407 and/or 9- 408 of the UCC or other similar applicable law); provided,
however, that to the extent permitted by applicable law, this Agreement shall create a valid security interest in such asset and,
to the extent permitted by applicable law, this Agreement shall create a valid security interest in the proceeds of such asset.

 

(b)              
Intellectual Property” means the collective
reference to all rights, priorities and privileges relating to intellectual property, whether arising under United States, multinational
or foreign laws or otherwise, including, without limitation, (i) all copyrights arising under the laws of the United States, any other
country or any political subdivision thereof, whether registered or unregistered and whether published or unpublished, all registrations
and recordings thereof, and all applications in connection
therewith, including, without limitation, all registrations, recordings and applications in the United States Copyright Office, (ii)
all letters patent of the United States, any other country or any political subdivision thereof, all reissues and extensions thereof,
and all applications for letters patent of the United States or any other country and all divisions, continuations and continuations-in-part
thereof, (iii) all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade dress, service
marks, logos, domain names and other source or business identifiers, and all goodwill associated therewith, now existing or hereafter
adopted or acquired, all registrations and recordings thereof, and all applications in connection therewith, whether in the United States
Patent and Trademark Office or in any similar office or agency of the United States, any State thereof or any other country or any political
subdivision thereof, or otherwise, and all common law rights related thereto, (iv) all trade secrets arising under the laws of the United
States, any other country or any political subdivision thereof, (v) all rights to obtain any reissues, renewals or extensions of the
foregoing, (vi) all licenses for any of the foregoing, and (vii) all causes of action for infringement of the foregoing.

    	 

    	 

    

 

(c)               
“Necessary Endorsement” means undated
stock powers endorsed in blank or other proper instruments of assignment duly executed and such other instruments or documents as Secured
Party may reasonably request.

 

(d)              
“Obligations” means all of the liabilities,
indebtedness and obligations (primary, secondary, direct, contingent, sole, joint or several) due or to become due, or that are now or
may be hereafter contracted or acquired, or owing to, of the Debtor to the Secured Party, including, without limitation, all obligations
under this Agreement, the Note, and any other instruments, agreements or other documents executed and/or delivered in connection herewith
or therewith, or in connection with any other loan, indebtedness, obligation or liability previously or hereafter incurred by Debtor
in favor of Secured Party, in each case, whether now or hereafter existing, voluntary or involuntary, direct or indirect, absolute or
contingent, liquidated or unliquidated, whether or not jointly owed with others, and whether or not from time to time decreased or extinguished
and later increased, created or incurred, and all or any portion of such obligations or liabilities that are paid, to the extent all
or any part of such payment is avoided or recovered directly or indirectly from any of the Secured Party as a preference, fraudulent
transfer or otherwise as such obligations may be amended, supplemented, converted, extended or modified from time to time. Without limiting
the generality of the foregoing, the term “Obligations” shall include, without limitation: (i) principal of, and interest
on the Note, the loans extended pursuant thereto, or any other promissory note, instrument or other document evidencing indebtedness
owed by Debtor to Secured Party; (ii) any and all other fees, indemnities, costs, obligations and liabilities of the Debtor from time
to time under or in connection with this Agreement, the Note, and any other instruments, agreements or other documents executed and/or
delivered, whether in connection herewith or therewith, or otherwise; and (iii) all amounts (including but not limited to post-petition
interest) in respect of the foregoing that would be payable but for the fact that the obligations to pay such amounts are unenforceable
or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving any Debtor.

 

(e)               
“Organizational Documents” means
with respect to any Debtor, the documents by which such Debtor was organized (such as a certificate of incorporation, certificate of
limited partnership or articles
of organization, and including, without limitation, any certificates of designation for preferred stock or other forms of preferred equity)
and which relate to the internal governance of such Debtor (such as bylaws, a partnership agreement or an operating, limited liability
or members agreement).

    	 

    	 

    

 

 (f)                “Pledged Interests” shall have the meaning ascribed to such term in Section 5(j).

 

(g)              
“UCC” means the Uniform Commercial
Code of the State of California and or any other applicable law of any state or states which has jurisdiction with respect to all, or
any portion of, the Collateral or this Agreement, from time to time. It is the intent of the parties that defined terms in the UCC should
be construed in their broadest sense so that the term “Collateral” will be construed in its broadest sense. Accordingly if
there are, from time to time, changes to defined terms in the UCC that broaden the definitions, they are incorporated herein and if existing
definitions in the UCC are broader than the amended definitions, the existing ones shall be controlling.

 

2.                       
Grant of Security Interest in Collateral. As an inducement for the Secured Party to extend the loans as evidenced by the Note
and any other instrument or agreement evidencing loans extended by Secured Party to Debtor, and to secure the complete and timely payment,
performance and discharge in full, as the case may be, of all of the Obligations, the Debtor hereby unconditionally and irrevocably pledges,
grants and hypothecates to the Secured Party a security interest in and to, a lien upon and a right of set-off against all of their respective
right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively,
the “Security Interests”).

 

3.                       
Delivery of Certain Collateral. Contemporaneously or prior to the execution of this Agreement, each Debtor shall deliver or cause
to be delivered to Secured Party any and all certificates and other instruments or documents representing any of the Collateral together
with all Necessary Endorsements.

 

4.                       
Protection of Security Interest. Debtor shall take any and all steps necessary or required to preserve and protect the priority
of the security interest granted herein, and in pursuance of this obligation, Debtor agrees that:

 

(a)               
Debtor shall not sell (except as may be expressly permitted
pursuant to the provisions of the Loan Documents), mortgage, encumber, transfer, lease or otherwise dispose (except as may be expressly
permitted pursuant to the provisions of the Loan Documents) of any of the Collateral or any interest therein, or offer to do so, without
the prior written consent of Secured Party, or permit anything to be done that may impair the value of any of the Collateral, except
that Debtor shall be entitled to remove any items of Collateral which are replaced with items of Collateral of at least equal suitability
and value on the date of their removal;

 

(b)              
Debtor shall pay promptly when due any taxes and assessments
upon the Collateral or for the use or operation of the Collateral;

 

(c)               
Secured Party is authorized to file financing statements
under the Uniform Commercial Code, as adopted and enacted in the state in which the Debtor is located or in which the
Premises are located, as amended from time to time (the “Uniform Commercial Code”) and any other documents requested
by Secured Party to effectively implement the purposes of this Agreement;

    	 

    	 

    

 

(d)              
Secured Party may from time to time, at its option,
perform any agreement or obligation of Debtor hereunder which Debtor fails to perform, and take any action which Secured Party deems
necessary or appropriate for the maintenance or preservation of any of the Collateral or its security interest therein; and

 

(e)               
Any amounts incurred by Secured Party for costs and
expenses (including without limitation attorney’s fees and expenses) in connection with any action taken by Secured Party to enforce
its rights hereunder, shall, at Secured Party’s option, become part of the principal amount due under the Note and part of the
Obligations, and on demand by Secured Party, Debtor shall pay any such amount to Secured Party, together with interest thereon at the
Default Rate.

 

5.                       
Representations, Warranties, Covenants and Agreements of the Debtor. Except as set forth under the corresponding section of the
disclosure schedules delivered to the Secured Party concurrently herewith (the “Disclosure Schedules”), which Disclosure
Schedules shall be deemed a part hereof, each Debtor represents and warrants to, and covenants and agrees with, the Secured Party as
follows:

 

(a)               
Each Debtor has the requisite corporate, partnership,
limited liability company or other power and authority to enter into this Agreement and otherwise to carry out its obligations hereunder.
The execution, delivery and performance by each Debtor of this Agreement and the filings contemplated therein have been duly authorized
by all necessary action on the part of such Debtor and no further action is required by such Debtor. This Agreement has been duly executed
by each Debtor. This Agreement constitutes the legal, valid and binding obligation of each Debtor, enforceable against each Debtor in
accordance with its terms except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization and similar
laws of general application relating to or affecting the rights and remedies of creditors and by general principles of equity.

 

(b)            
The Debtor has no place of business or offices where
their respective books of account and records are kept (other than temporarily at the offices of its attorneys or accountants) or places
where Collateral is stored or located, except as set forth on Schedule A attached

hereto. Except as specifically
set forth on Schedule A, each Debtor is the record owner of the real property where such Collateral is located, and there exist
no mortgages or other liens on any such real property except for Permitted Liens (as defined in the Loan Agreement). Except as disclosed
on Schedule A, none of such Collateral is in the possession of any consignee, bailee, warehouseman, agent or processor.

 

(c)               
Except for permitted liens and except as set forth on
Schedule B attached hereto, the Debtor is the sole owner of the Collateral (except for non-exclusive licenses granted by any Debtor
in the ordinary course of business), free and clear of any liens, security interests, encumbrances, rights or claims, and are fully authorized
to grant the Security Interests. Except for permitted liens and except as set forth on Schedule C attached hereto, there is not
on file in any governmental or regulatory authority, agency or recording office an effective financing statement, security agreement,
license or transfer or any notice of any of the foregoing (other than those that will be filed in favor of the Secured Party pursuant
to this Agreement) covering or affecting any of the Collateral. Except as set forth on Schedule C attached hereto and except pursuant
to this Agreement, as long as this Agreement shall be in effect, the Debtor shall not execute and shall not knowingly permit to be on
file in any such office or agency any other financing statement or other document or instrument (except to the extent filed or recorded
in favor of the Secured Party pursuant to the terms of this Agreement or the Loan Agreement).

    	 

    	 

    

 

(d)              
No written claim has been received that any Collateral
or any Debtor's use of any Collateral violates the rights of any third party. There has been no adverse decision to any Debtor's claim
of ownership rights in or exclusive rights to use the Collateral in any jurisdiction or to any Debtor's right to keep and maintain such
Collateral in full force and effect, and there is no proceeding involving said rights pending or, to the best knowledge of any Debtor,
threatened before any court, judicial body, administrative or regulatory agency, arbitrator or other governmental authority.

 

(e)               
Each Debtor shall at all times maintain its books of
account and records relating to the Collateral at its principal place of business and its Collateral at the locations set forth on Schedule
A attached hereto and may not relocate such books of account and records or tangible Collateral unless it delivers to the Secured
Party at least 30 days prior to such relocation (i) written notice of such relocation and the new location thereof (which must be within
the United States) and (ii) evidence that appropriate financing statements under the UCC and other necessary documents have been filed
and recorded and other steps have been taken to perfect the Security Interests to create in favor of the Secured Party a valid, perfected
and continuing perfected first priority lien in the Collateral.

 

(f)                
This Agreement creates in favor of the Secured Party
a valid security interest in the Collateral, subject only to permitted liens securing the payment and performance of the Obligations.
Upon making the filings described in the immediately following paragraph, all security interests created hereunder in any Collateral
which may be perfected by filing Uniform Commercial Code financing statements shall have been duly perfected. Except for the filing of
the Uniform Commercial Code financing statements referred to in the immediately following paragraph, the execution and delivery of deposit
account control agreements satisfying the requirements of Section 9-104(a)(2) of the UCC with respect to each deposit account of the
Debtor, and the delivery of the certificates and other instruments provided in Section 3, no action is necessary to create, perfect or
protect the security interests created hereunder. Without limiting the generality of the foregoing, except for the filing of said financing
statements, and the execution and delivery of said deposit account control agreements, no consent of any third parties and no authorization,
approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required for (i) the execution,
delivery and performance of this Agreement, (ii) the creation or perfection of the Security Interests created hereunder in the Collateral
or (iii) the enforcement of the rights of Secured Party hereunder.

 

(g)              
Each Debtor hereby authorizes Secured Party to file
one or more financing statements under the UCC, with respect to the Security Interests, with the proper filing and recording agencies
in any jurisdiction deemed proper by it.

    	 

    	 

    

 

(h)            
The execution, delivery and performance of this Agreement
by the Debtor does not (i) violate any of the provisions of any Organizational Documents of any Debtor or any judgment, decree, order
or award of any court, governmental body or arbitrator or any applicable law, rule or regulation applicable to any Debtor or (ii) conflict
with, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to others
any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any agreement,
credit facility, debt or other instrument (evidencing any Debtor's debt or otherwise) or other understanding to which any Debtor is a
party or by which any property or asset of any Debtor is bound or affected. If any, all required consents (including, without limitation,
from stockholders or creditors of any Debtor) necessary for any Debtor to enter into and perform its obligations hereunder have been
obtained.

 

(i)              
Schedule H hereto contains the name and percentage
of ownership of each 10% or more equity owner of Borrower.

 

(j)                
The ownership and other equity interests in partnerships
and limited liability companies (if any) included in the Collateral (the “Pledged Interests”) by their express terms
do not provide that they are securities governed by Article 8 of the UCC and are not held in a securities account or by any financial
intermediary.

 

(k)              
Except for Permitted Liens (as defined in the Loan Agreement),
each Debtor shall at all times maintain the liens and Security Interests provided for hereunder as valid and perfected first priority
liens and security interests in the Collateral in favor of the Secured Party until this Agreement and the Security Interest hereunder
shall be terminated pursuant to Section 14 hereof. Each Debtor hereby agrees to defend the same against the claims of any and all persons
and entities. Each Debtor shall safeguard and protect all Collateral for the account of the Secured Party. At the request of Secured
Party, each Debtor will sign and deliver to Secured Party at any time or from time to time one or more financing statements pursuant
to the UCC in form reasonably satisfactory to Secured Party and will pay the cost of filing the same in all public offices wherever filing
is, or is deemed by Secured Party to be, necessary or desirable to effect the rights and obligations provided for herein. Without limiting
the generality of the foregoing, each Debtor shall pay all fees, taxes and other amounts necessary to maintain the Collateral and the
Security Interests hereunder, and each Debtor shall obtain and furnish to Secured Party from time to time, upon demand, such releases
and/or subordinations of claims and liens which may be required to maintain the priority of the Security Interests hereunder.

 

(l)                
No Debtor will transfer, pledge, hypothecate, encumber,
license, sell or otherwise dispose of any of the Collateral (except for non-exclusive licenses granted by a Debtor in its ordinary course
of business, sales of inventory by a Debtor in its ordinary course of business, and the use of cash in its ordinary course of business)
without the prior written consent of a Majority in Interest.

 

(m)            
Each Debtor shall keep and preserve its equipment, inventory
and other tangible Collateral in good condition, repair and order and shall not operate or locate any such Collateral (or cause to be
operated or located) in any area excluded from insurance coverage.

    	 

    	 

    

 

(n)              
Each Debtor shall maintain with financially sound and
reputable insurers, insurance with respect to the Collateral, including Collateral hereafter acquired, against loss or damage of the
kinds and in the amounts customarily insured against by entities of established reputation having similar properties similarly situated
and in such amounts as are customarily carried under similar circumstances by other such entities and otherwise as is prudent for entities
engaged in similar businesses but in any event sufficient to cover the full replacement cost thereof. Each Debtor shall cause each insurance
policy issued in connection herewith to provide, and the insurer issuing such policy to certify to Secured Party, that (a) Secured Party
will be named as lender loss payee and additional insured under each such insurance policy; (b) if such insurance be proposed to be cancelled
or materially changed for any reason whatsoever, such insurer will promptly notify Secured Party and such cancellation or change shall
not be effective as to Secured Party for at least thirty (30) days after receipt by Secured Party of such notice, unless the effect of
such change is to extend or increase coverage under the policy; and (c) Secured Party will have the right (but no obligation) at its
election to remedy any default in the payment of premiums within thirty (30) days of notice from the insurer of such default. If no Event
of Default (as defined in the Note) exists and if the proceeds arising out of any claim or series of related claims do not exceed $100,000,
loss payments in each instance will be applied by the applicable Debtor to the repair and/or replacement of property with respect to
which the loss was incurred to the extent reasonably feasible, and any loss payments or the balance thereof remaining, to the extent
not so applied, shall be payable to the applicable Debtor; provided, however, that payments received by any Debtor after
an Event of Default occurs and is continuing or in excess of $100,000 for any occurrence or series of related occurrences shall be paid
to Secured Party and, if received by such Debtor, shall be held in trust for the Secured Party and immediately paid over to Secured Party
unless otherwise directed in writing by Secured Party. Copies of such policies or the related certificates, in each case, naming Secured
Party as lender loss payee and additional insured shall be delivered to Secured Party at least annually and at the time any new policy
of insurance is issued.

 

(o)              
Each Debtor shall, within ten (10) days of obtaining
knowledge thereof, advise the Secured Party promptly, in sufficient detail, of any material adverse change in the Collateral, and of
the occurrence of any event which would have a material adverse effect on the value of the Collateral or on the Secured Party’
security interest, through Secured Party, therein.

 

(p)              
Each Debtor shall promptly execute and deliver to Secured
Party such further deeds, mortgages, assignments, security agreements, financing statements or other instruments, documents, certificates
and assurances and take such further action as Secured Party may from time to time request and may in its sole discretion deem necessary
to perfect, protect or enforce the Secured Party’ security interest in the Collateral.

 

(q)              
Each Debtor shall permit Secured Party and its representatives
and agents to inspect the Collateral during normal business hours and upon reasonable prior notice and to make copies of records pertaining
to the Collateral as may be reasonably requested by Secured Party from time to time.

    	 

    	 

    

(r)                
 Each Debtor shall take all steps reasonably necessary
to diligently pursue and seek to preserve, enforce and collect any rights, claims, causes of action and accounts receivable in respect
of the Collateral.

 

(s)               
Each Debtor shall promptly notify the Secured Party
in sufficient detail upon becoming aware of any attachment, garnishment, execution or other legal process levied against any Collateral
and of any other information received by such Debtor that may materially affect the value of the Collateral, the Security Interest or
the rights and remedies of the Secured Party hereunder.

 

(t)                
All information heretofore, herein or hereafter supplied
to the Secured Party by or on behalf of any Debtor with respect to the Collateral is accurate and complete in all material respects as
of the date furnished.

 

(u)              
The Debtor shall at all times preserve and keep in full
force and effect their respective valid existence and good standing and any rights and franchises material to its business.

 

(v)              
No Debtor will change its name, type of organization,
jurisdiction of organization, organizational identification number (if it has one), legal or corporate structure, or identity, or add
any new fictitious name unless it provides at least 30 days prior written notice to the Secured Party of such change and, at the time
of such written notification, such Debtor provides any financing statements or fixture filings necessary to perfect and continue the
perfection of the Security Interests granted and evidenced by this Agreement.

 

(w)             
Except in the ordinary course of business, no Debtor
may consign any of its inventory or sell any of its inventory on bill and hold, sale or return, sale on approval, or other conditional
terms of sale without the consent of Secured Party which shall not be unreasonably withheld.

 

(x)              
No Debtor may relocate its chief executive office to
a new location without providing 30 days prior written notification thereof to the Secured Party and so long as, at the time of such
written notification, such Debtor provides any financing statements or fixture filings necessary to perfect and continue the perfection
of the Security Interests granted and evidenced by this Agreement.

 

(y)              
Each Debtor and its subsidiaries were organized and
remains organized solely under the laws of the state set forth next to such Debtor’s or subsidiary's name in Schedule D
attached hereto, which Schedule D sets forth each Debtor’s and its subsidiary's organizational identification number or,
if any Debtor or its subsidiaries does not have one, states that one does not exist.

 

(z)  
(i) The actual name of each Debtor is the name set forth
in Schedule D attached hereto; (ii) no Debtor has any trade names except as set forth on Schedule E attached hereto; (iii)
no Debtor has used any name other than that stated in the preamble hereto or as set forth on Schedule E for
the preceding five years; and (iv) no entity has merged into any Debtor or been acquired by any Debtor within the past five years except
as set forth on Schedule E.

    	 

    	 

    

 

(aa)At
any time and from time to time that any Collateral consists of instruments, certificated securities or other items that require or permit
possession by the secured party to perfect the security interest created hereby, the applicable Debtor shall deliver such Collateral
to Secured Party.

 

(bb)Each
Debtor, in its capacity as issuer, hereby agrees to comply with any and all orders and instructions Secured Party regarding the Pledged
Interests consistent with the terms of this Agreement without the further consent of any Debtor as contemplated by Section 8-106 (or
any successor section) of the UCC. Further, each Debtor agrees that it shall not enter into a

similar agreement (or one
that would confer “control” within the meaning of Article 8 of the UCC) with any other person or entity.

 

(cc)Each
Debtor shall cause all tangible chattel paper constituting Collateral to be delivered to Secured Party, or, if such delivery is not possible,
then to cause such tangible chattel paper to contain a legend noting that it is subject to the security interest created by this Agreement.
To the extent that any Collateral consists of electronic chattel paper, the applicable Debtor shall cause the underlying chattel paper
to be “marked” within the meaning of Section 9- 105 of the UCC (or successor section thereto).

 

(dd)If
there is any investment property or deposit account included as Collateral that can be perfected by “control” through an
account control agreement, the applicable Debtor shall, promptly following the request of Secured Party, cause such an account control
agreement, in form and substance in each case satisfactory to Secured Party, to be entered into and delivered to Secured Party.

 

(ee)To
the extent that any Collateral consists of letter-of-credit rights, the applicable Debtor shall cause the issuer of each underlying letter
of credit to consent to an assignment of the proceeds thereof to the Secured Party.

 

(ff)To
the extent that any Collateral is in the possession of any third party, the applicable Debtor shall join with Secured Party in notifying
such third party of the Secured Party’ security interest in such Collateral and shall use its best efforts to obtain an acknowledgement
and agreement from such third party with respect to the Collateral, in form and substance reasonably satisfactory to Secured Party.

 

(gg)If
any Debtor shall at any time hold or acquire a commercial tort claim, such Debtor shall promptly notify the Secured Party in a writing
signed by such Debtor of the particulars thereof and grant to the Secured Party in such writing a security interest therein and in the
proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to Secured Party.

 

(hh)Each
Debtor shall immediately provide written notice to the Secured Party of any and all accounts which arise out of contracts with any governmental
authority and, to the extent necessary to perfect or
continue the perfected status of the Security Interests in such accounts and proceeds thereof, shall execute and deliver to Secured Party
an assignment of claims for such accounts and cooperate with Secured Party in taking any other steps required, in its judgment, under
the Federal Assignment of Claims Act or any similar federal, state or local statute or rule to perfect or continue the perfected status
of the Security Interests in such accounts and proceeds thereof.

    	 

    	 

    

 

(ii)       Without
limiting the generality of the other obligations of the Debtor hereunder, each Debtor shall promptly (i) cause to be registered at the
United States Copyright Office all of its material copyrights, (ii) cause the security interest contemplated hereby with respect to all
Intellectual Property registered at the United States Copyright Office or United States Patent and Trademark Office to be duly recorded
at the applicable office, and (iii) give Secured Party notice whenever it acquires (whether absolutely or by license) or creates any
additional material Intellectual Property.

 

(jj)Each
Debtor will from time to time, at the joint and several expense of the Debtor, promptly execute and deliver all such further instruments
and documents, and take all such further action as may be necessary or desirable, or as Secured Party may reasonably request, in order
to perfect and protect any security interest granted or purported to be granted hereby or to enable the Secured Party to exercise and
enforce their rights and remedies hereunder and with respect to any Collateral or to otherwise carry out the purposes of this Agreement.

 

(kk)Schedule
F attached hereto lists all of the patents, patent applications, trademarks, trademark applications, registered copyrights, and domain
names owned by any of the Debtor as of the date hereof. Schedule F lists all material licenses in favor of any Debtor for the
use of any patents, trademarks, copyrights and domain names as of the date hereof. All material patents and trademarks of the Debtor
have been duly recorded at the United States Patent and Trademark Office and all material copyrights of the Debtor have been duly recorded
at the United States Copyright Office.

 

(ll)Except
as set forth on Schedule G attached hereto, none of the account debtors or other persons or entities obligated on any of the Collateral
is a governmental authority covered by the Federal Assignment of Claims Act or any similar federal, state or local statute or rule in
respect of such Collateral.

 

(mm)
Until the Obligations shall have been paid and performed in full, the Company covenants that it shall promptly direct any direct or indirect
subsidiary of the Company formed or acquired after the date hereof to enter into a Subsidiary Guarantee in favor of the Secured Party.

 

6.                       
Effect of Pledge on Certain Rights. If any of the Collateral subject to this Agreement consists of nonvoting equity or ownership
interests (regardless of class, designation, preference or rights) that may be converted into voting equity or ownership interests upon
the occurrence of certain events (including, without limitation, upon the transfer of all or any of the other stock or assets of the
issuer), it is agreed that the pledge of such equity or ownership interests pursuant to this Agreement or the enforcement of any of Secured
Party’s rights hereunder shall not be deemed
to be the type of event which would trigger such conversion rights notwithstanding any provisions in the Organizational Documents or
agreements to which any Debtor is subject or to which any Debtor is party.

    	 

    	 

    

 

		7.	Defaults.
                                            The following events shall be “Events of Default”:

 

		(a)	The
                                            occurrence of an Event of Default (as defined in the Note) under the Note;

 

(b)              
Any representation or warranty of any Debtor in this
Agreement shall prove to have been incorrect in any material respect when made;

 

(c)               
The failure by any Debtor to observe or perform any
of its obligations hereunder for five (5) days after delivery to such Debtor of notice of such failure by or on behalf of a Secured Party
unless such default is capable of cure but cannot be cured within such time frame and such Debtor is using best efforts to cure same
in a timely fashion; or

 

(d)              
If any provision of this Agreement shall at any time
for any reason be declared to be null and void, or the validity or enforceability thereof shall be contested by any Debtor, or a proceeding
shall be commenced by any Debtor, or by any governmental authority having jurisdiction over any Debtor, seeking to establish the invalidity
or unenforceability thereof, or any Debtor shall deny that any Debtor has any liability or obligation purported to be created under this
Agreement.

 

8.                       
Duty To Hold In Trust. Upon the occurrence of any Event of Default and at any time thereafter, each Debtor shall, upon receipt
of any revenue, income, dividend, interest or other sums subject to the Security Interests, whether payable pursuant to the Note or otherwise,
or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum, hold the same in trust
for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Party, pro-rata
in proportion to their respective then-currently outstanding principal amount of Note for application to the satisfaction of the Obligations
(and if any Debenture is not outstanding, pro-rata in proportion to the initial purchases of the remaining Note).

 

		9.	Rights
                                            and Remedies Upon Default.

 

(a)               
Upon the occurrence of any Event of Default and at any
time thereafter, the Secured Party shall have the right to exercise all of the remedies conferred hereunder and under the Note, and the
Secured Party shall have all the rights and remedies of a secured party under the UCC. Without limitation, the Secured Party shall have
the following rights and powers:

 

(i)                
The Secured Party shall have the right to take possession of the Collateral and, for that purpose, enter, with the aid and assistance
of any person, any premises where the Collateral, or any part thereof, is or may be placed and remove the same, and each Debtor shall
assemble the Collateral and make it available to Secured Party at places which Secured Party shall reasonably select, whether at such
Debtor's premises or elsewhere, and make available to Secured Party, without rent, all of
such Debtor’s respective premises and facilities for the purpose of Secured Party taking possession of, removing or putting the
Collateral in saleable or disposable form.

    	 

    	 

    

 

(ii)              
Upon notice to the Debtor by Secured Party, all rights of each Debtor to exercise the voting and other consensual rights which it would
otherwise be entitled to exercise with respect to Collateral and all rights of each Debtor to receive the dividends and interest which
it would otherwise be authorized to receive and retain, shall cease. Upon such notice, Secured Party shall have the right to receive,
for the benefit of the Secured Party, any interest, cash dividends or other payments on the Collateral and, at the option of Secured
Party, to exercise in Secured Party’s discretion all voting rights pertaining thereto. Without limiting the generality of the foregoing,
Secured Party shall have the right (but not the obligation) to exercise all rights with respect to the Collateral as it were the sole
and absolute owner thereof, including, without limitation, to vote and/or to exchange, at its sole discretion, any or all of the Collateral
in connection with a merger, reorganization, consolidation, recapitalization or other readjustment concerning or involving the Collateral
or any Debtor or any of its direct or indirect subsidiaries.

 

(iii)           
Secured Party shall have the right to operate the business of each Debtor using the Collateral and shall have the right to assign, sell,
lease or otherwise dispose of and deliver all or any part of the Collateral, at public or private sale or otherwise, either with or without
special conditions or stipulations, for cash or on credit or for future delivery, in such parcel or parcels and at such time or times
and at such place or places, and upon such terms and conditions as Secured Party may deem commercially reasonable, all without (except
as shall be required by applicable statute and cannot be waived) advertisement or demand upon or notice to any Debtor or right of redemption
of a Debtor, which are hereby expressly waived. Upon each such sale, lease, assignment or other transfer of Collateral, Secured Party
may, unless prohibited by applicable law which cannot be waived, purchase all or any part of the Collateral being sold, free from and
discharged of all trusts, claims, right of redemption and equities of any Debtor, which are hereby waived and released.

 

(iv)            
Secured Party shall have the right (but not the obligation) to notify any account Debtor and any obligors under instruments or accounts
to make payments directly to Secured Party, and to enforce the Debtor’ rights against such account Debtor and obligors.

 

(v)              
Secured Party may (but is not obligated to) direct any financial intermediary or any other person or entity holding any investment property
to transfer the same to Secured Party or its designee.

 

(vi)            
Secured Party may (but is not obligated to) transfer any or all Intellectual Property registered in the name of any Debtor at the United
States Patent and Trademark Office and/or Copyright Office into the name of the Secured Party or any designee or any purchaser of any
Collateral.

 

(b)              
Secured Party shall comply with any applicable law in
connection with a disposition of Collateral and such compliance will not be considered adversely to affect the commercial reasonableness
of any sale of the Collateral. Secured Party may sell the Collateral without giving any warranties and may specifically disclaim such
warranties. If Secured Party sells
any of the Collateral on credit, the Debtor will only be credited with payments actually made by the purchaser. In addition, each Debtor
waives any and all rights that it may have to a judicial hearing in advance of the enforcement of any of Secured Party’s rights
and remedies hereunder, including, without limitation, its right following an Event of Default to take immediate possession of the Collateral
and to exercise its rights and remedies with respect thereto.

    	 

    	 

    

 

(c)               
For the purpose of enabling Secured Party to further
exercise rights and remedies under this Section 9 or elsewhere provided by agreement or applicable law, each Debtor hereby grants to
Secured Party an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to such Debtor) to use,
license or sublicense following an Event of Default, any Intellectual Property now owned or hereafter acquired by such Debtor, and wherever
the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored
and to all computer software and programs used for the compilation or printout thereof.

 

10.                   
Applications of Proceeds. In the event of an Event of Default and the subsequent disposition of Collateral by the Secured party,
the proceeds of any such sale, lease or other disposition of the Collateral hereunder or from payments made on account of any insurance
policy insuring any portion of the Collateral shall be applied first, to the expenses of retaking, holding, storing, processing and preparing
for sale, selling, and the like (including, without limitation, any taxes, fees and other costs incurred in connection therewith) of
the Collateral, to

the reasonable attorneys’
fees and expenses incurred by Secured Party in enforcing the Secured Party’ rights hereunder and in connection with collecting,
storing and disposing of the Collateral, and then to satisfaction of the Obligations pro rata among the Secured Party (based on then-
outstanding principal amounts of Note at the time of any such determination), and to the payment of any other amounts required by applicable
law, after which the Secured Party shall pay to the applicable Debtor any surplus proceeds. If, upon the sale, license or other disposition
of the Collateral, the proceeds thereof are insufficient to pay all amounts to which the Secured Party is legally entitled, the Debtor
will be liable for the deficiency, together with interest thereon, at the Default Rate described in the Loan Agreement (the “Default
Rate”), and the reasonable fees of any attorneys employed by the Secured Party to collect such deficiency. To the extent permitted
by applicable law, each Debtor waives all claims, damages and demands against the Secured Party arising out of the repossession, removal,
retention or sale of the Collateral, unless due solely to the gross negligence or willful misconduct of the Secured Party as determined
by a final judgment (not subject to further appeal) of a court of competent jurisdiction.

 

11.                   
Costs and Expenses. Each Debtor agrees to pay all reasonable out-of-pocket fees, costs and expenses incurred in connection with
any filing required hereunder, including without limitation, any financing statements pursuant to the UCC, continuation statements, partial
releases and/or termination statements related thereto or any expenses of any searches reasonably required by Secured Party. The Debtor
shall also pay all other claims and charges which in the reasonable opinion of Secured Party are reasonably likely to prejudice, imperil
or otherwise affect the Collateral or the Security Interests therein. The Debtor will also, upon demand, pay to Secured Party the amount
of any and all reasonable expenses, including the reasonable fees and expenses of its counsel and of any experts and agents, which Secured
Party may incur in connection
with the creation, perfection, protection, satisfaction, foreclosure, collection or enforcement of the Security Interest and the preparation,
administration, continuance, amendment or enforcement of this Agreement and pay to Secured Party the amount of any and all reasonable
expenses, including the reasonable fees and expenses of its counsel and of any experts and agents, which the Secured Party may incur
in connection with (i) the enforcement of this Agreement, (ii) the custody or preservation of, or the sale of, collection from, or other
realization upon, any of the Collateral, or (iii) the exercise or enforcement of any of the rights of the Secured Party under the Note.
Until so paid, any fees payable hereunder shall be added to the principal amount of the Note and shall bear interest at the Default Rate.

    	 

    	 

    

 

12.                   
Responsibility for Collateral. The Debtor assumes all liabilities and responsibility in connection with all Collateral, and the
Obligations shall in no way be affected or diminished by reason of the loss, destruction, damage or theft of any of the Collateral or
its unavailability for any reason. Without limiting the generality of the foregoing, (a) Secured Party does not (i) have any duty (either
before or after an Event of Default) to collect any amounts in respect of the Collateral or to preserve any rights relating to the Collateral,
or (ii) have any obligation to clean-up or otherwise prepare the Collateral for sale, and (b) each Debtor shall remain obligated and
liable under each contract or agreement included in the Collateral to be observed or performed by such Debtor thereunder. Secured Party
shall not have any obligation or liability under any such contract or agreement by reason of or arising out of this Agreement or the
receipt by Secured Party of any payment relating to any of the Collateral, nor shall Secured Party be obligated in any manner to perform
any of the obligations of any Debtor under or pursuant to any such contract or agreement, to make inquiry as to the nature or sufficiency
of any payment received by Secured Party in respect of the Collateral or as to the sufficiency of any performance by any party under
any such contract or agreement, to present or file any claim, to take any action to enforce any performance or to collect the payment
of any amounts which may have been assigned to Secured Party or to which Secured Party may be entitled at any time or times.

 

13.                    Security
Interests Absolute. All rights of the Secured Party and all obligations of the Debtor hereunder, shall be absolute and
unconditional, irrespective of: (a) any lack of validity or enforceability of this Agreement, the Note or any agreement entered into
in connection with the foregoing, or any portion hereof or thereof; (b) any change in the time, manner or place of payment or
performance of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any
departure from the Note or any other agreement entered into in connection with the foregoing; (c) any exchange, release or
nonperfection of any of the Collateral, or any release or amendment or waiver of or consent to departure from any other collateral
for, or any guarantee, or any other security, for all or any of the Obligations; (d) any action by the Secured Party to obtain,
adjust, settle and cancel in its sole discretion any insurance claims or matters made or arising in connection with the Collateral;
or (e) any other circumstance which might otherwise constitute any legal or equitable defense available to a Debtor, or a discharge
of all or any part of the Security Interests granted hereby. Until the Obligations shall have been paid and performed in full, the
rights of the Secured Party shall continue even if the Obligations are barred for any reason, including, without limitation, the
running of the statute of limitations or bankruptcy. Each Debtor expressly waives presentment, protest, notice of protest, demand,
notice of nonpayment and demand for performance. In the event that at any time
any transfer of any Collateral or any payment received by the Secured Party hereunder shall be deemed by final order of a court of competent
jurisdiction to have been a voidable preference or fraudulent conveyance under the bankruptcy or insolvency laws of the United States,
or shall be deemed to be otherwise due to any party other than the Secured Party, then, in any such event, each Debtor’s obligations
hereunder shall survive cancellation of this Agreement, and shall not be discharged or satisfied by any prior payment thereof and/or
cancellation of this Agreement, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions
hereof. Each Debtor waives all right to require the Secured Party to proceed against any other person or entity or to apply any Collateral
which the Secured Party may hold at any time, or to marshal assets, or to pursue any other remedy. Each Debtor
waives any defense arising by reason of the application of the statute of limitations to any obligation secured hereby.

    	 

    	 

    

 

14.                   
Term of Agreement. This Agreement and the Security Interests shall terminate on the date on which all payments under the Note
have been indefeasibly paid in full and all other Obligations have been paid or discharged; provided, however, that all indemnities of
the Debtor contained in this Agreement shall survive and remain operative and in full force and effect regardless of the termination
of this Agreement.

 

		15.	Power
                                            of Attorney; Further Assurances.

 

(a)               
Each Debtor authorizes Secured Party, and does hereby
make, constitute and appoint Secured Party and its officers, agents, successors or assigns with full power of substitution, as such Debtor’s
true and lawful attorney-in-fact, with power, in the name of

Secured Party or such Debtor,
to, after the occurrence and during the continuance of an Event of Default, (i) endorse any note, checks, drafts, money orders or other
instruments of payment (including payments payable under or in respect of any policy of insurance) in respect of the Collateral that
may come into possession of Secured Party; (ii) to sign and endorse any financing statement pursuant to the UCC or any invoice, freight
or express bill, bill of lading, storage or warehouse receipts, drafts against Debtor, assignments, verifications and notices in connection
with accounts, and other documents relating to the Collateral; (iii) to pay or discharge taxes, liens, security interests or other encumbrances
at any time levied or placed on or threatened against the Collateral; (iv) to demand, collect, receipt for, compromise, settle and sue
for monies due in respect of the Collateral; (v) to transfer any Intellectual Property or provide licenses respecting any Intellectual
Property; and (vi) generally, at the option of Secured Party, and at the expense of the Debtor, at any time, or from time to time, to
execute and deliver any and all documents and instruments and to do all acts and things which Secured Party deems necessary to protect,
preserve and realize upon the Collateral and the Security Interests granted therein in order to effect the intent of this Agreement and
the Note all as fully and effectually as the Debtor might or could do; and each Debtor hereby ratifies all that said attorney shall lawfully
do or cause to be done by virtue hereof. This power of attorney is coupled with an interest and shall be irrevocable for the term of
this Agreement and thereafter as long as any of the Obligations shall be outstanding. The designation set forth herein shall be deemed
to amend and supersede any inconsistent provision in the Organizational Documents or other documents or agreements to which any Debtor
is subject or to which any Debtor is a party. Without limiting the generality of the foregoing, after the occurrence and during the continuance
of an Event of Default, each Secured
Party is specifically authorized to execute and file any applications for or instruments of transfer and assignment of any patents, trademarks,
copyrights or other Intellectual Property with the United States Patent and Trademark Office and the United States Copyright Office.

 

(b)              
On a continuing basis, each Debtor will make, execute,
acknowledge, deliver, file and record, as the case may be, with the proper filing and recording agencies in any jurisdiction, including,
without limitation, the jurisdictions indicated on Schedule C attached hereto, all such instruments, and take all such action
as may reasonably be deemed necessary or advisable, or as reasonably requested by Secured Party, to perfect the Security Interests granted
hereunder and otherwise to carry out the intent and purposes of this Agreement, or for assuring and confirming to Secured Party the grant
or perfection of a perfected security interest in all the Collateral under the UCC.

 

(c)               
Each Debtor hereby irrevocably appoints Secured Party
as such Debtor’s attorney-in-fact, with full authority in the place and instead of such Debtor and in the name of such Debtor,
from time to time in Secured Party’s discretion, to take any action and to execute any instrument which Secured Party may deem
necessary or advisable to accomplish the purposes of this Agreement, including the filing, in its sole discretion, of one or more financing
or continuation statements and amendments thereto, relative to any of the Collateral without the

signature of such Debtor
where permitted by law, which financing statements may (but need not) describe the Collateral as “all assets” or “all
personal property” or words of like import, and ratifies all such actions taken by Secured Party. This power of attorney is coupled
with an interest and shall be irrevocable for the term of this Agreement and thereafter as long as any of the Obligations shall be outstanding.

 

16.                   
Notices. All notices, requests, demands and other communications hereunder shall be subject to the notice provision of the Loan
Agreement (as such term is defined in the Note).

 

17.                   
Other Security. To the extent that the Obligations are now or hereafter secured by property other than the Collateral or by the
guarantee, endorsement or property of any other person, firm, corporation or other entity, then Secured Party shall have the right, in
its sole discretion, to pursue, relinquish, subordinate, modify or take any other action with respect thereto, without in any way modifying
or affecting any of the Secured Party’ rights and remedies hereunder.

 

		18.	Miscellaneous.

 

(a)               
No course of dealing between the Debtor and the Secured
Party, nor any failure to exercise, nor any delay in exercising, on the part of the Secured Party, any right, power or privilege hereunder
or under the Note shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder
or thereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

    	 

    	 

    

(b)              
 All of the rights and remedies of the Secured Party
with respect to the Collateral, whether established hereby or by the Note or by any other agreements, instruments or documents or by
law shall be cumulative and may be exercised singly or concurrently.

 

(c)               
This Agreement, together with the exhibits and schedules
hereto, contain the entire understanding of the parties with respect to the subject matter hereof and supersede all prior agreements
and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged into this Agreement
and the exhibits and schedules hereto. No provision of this Agreement may be waived, modified, supplemented or amended except in a written
instrument signed, in the case of an amendment, by the Debtor and the Secured Party holding 67% or more of the principal amount of Note
then outstanding, or, in the case of a waiver, by the party against whom enforcement of any such waived provision is sought.

 

(d)              
If any term, provision, covenant or restriction of this
Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated,
and the parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or
substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared
to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without
including any of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

(e)               
No waiver of any default with respect to any provision,
condition or requirement of this Agreement shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default
or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of any party to exercise any right
hereunder in any manner impair the exercise of any such right.

 

(f)                
This Agreement shall be binding upon and inure to the
benefit of the parties and their successors and permitted assigns. The Company and the Guarantors may not assign this Agreement or any
rights or obligations hereunder without the prior written consent of each Secured Party (other than by merger). Any Secured Party may
assign any or all of its rights under this Agreement to any Person (as defined in the Loan Agreement) to whom such Secured Party assigns
or transfers any Obligations, provided such transferee agrees in writing to be bound, with respect to the transferred Obligations, by
the provisions of this Agreement that apply to the “Secured Party.”

 

(g)              
Each party shall take such further action and execute
and deliver such further documents as may be necessary or appropriate in order to carry out the provisions and purposes of this Agreement.

 

(h)              
Except to the extent mandatorily governed by the jurisdiction
or situs where the Collateral is located, 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 California, without regard
to the principles of conflicts of law thereof. Except to the extent mandatorily governed by the
jurisdiction or situs where the Collateral is located, each Debtor agrees that all proceedings concerning the interpretations, enforcement
and defense of the transactions contemplated by this Agreement and the Note (whether brought against a party hereto or its respective
affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state and
federal courts sitting in the City of San Diego. Except to the extent mandatorily governed by the jurisdiction or situs where the Collateral
is located, each Debtor hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City
of San Diego 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 proceeding, any claim that it is not personally subject to the
jurisdiction of any such court, that such proceeding is improper. Each party hereto hereby irrevocably waives personal service of process
and consents to process being served in any such proceeding 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 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.

 

(i)                
This Agreement may be executed in any number of counterparts,
each of which when so executed shall be deemed to be an original and, all of which taken together shall constitute one and the same Agreement.
In the event that any signature is delivered by facsimile transmission, such signature shall create a valid binding obligation of the
party executing (or on whose behalf such signature is executed) the same with the same force and effect as if such facsimile signature
were the original thereof.

 

(j)                
All Debtor shall jointly and severally be liable for
the obligations of each Debtor to the Secured Party hereunder.

 

(k)              
Each Debtor shall indemnify, reimburse and hold harmless
Secured Party and its respective partners, members, shareholders, officers, directors, employees and agents (and any other persons with
other titles that have similar functions) (collectively, “Indemnitees”) from and against any and all losses, claims,
liabilities, damages, penalties, suits, costs and expenses, of any kind or nature, (including fees relating to the cost of investigating
and defending any of the foregoing) imposed on, incurred by or asserted against such Indemnitee in any way related to or arising from
or alleged to arise from this Agreement or the Collateral, except any such losses, claims, liabilities, damages, penalties, suits, costs
and expenses which result from the gross negligence or willful misconduct of the Indemnitee as determined by a final, nonappealable decision
of a court of competent jurisdiction. This indemnification provision is in addition to, and not in limitation of, any other indemnification
provision in the Note, the Loan Agreement (as such term is defined in the Note) or any other agreement, instrument or other document
executed or delivered in connection herewith or therewith.

    	 

    	 

    

(l)                
 Nothing in this Agreement shall be construed to subject
Secured Party to liability as a partner in any Debtor or any if its direct or indirect subsidiaries that is a partnership or as a member
in any Debtor or any of its direct or indirect subsidiaries that is a limited liability company, nor shall Secured Party be deemed to
have assumed any obligations under any partnership agreement or limited liability company agreement, as applicable, of any such Debtor
or any of its direct or indirect subsidiaries or otherwise, unless and until any such Secured Party exercises its right to be substituted
for such Debtor as a partner or member, as applicable, pursuant hereto.

 

(m)            
To the extent that the grant of the security interest
in the Collateral and the enforcement of the terms hereof require the consent, approval or action of any partner or member, as applicable,
of any Debtor or any direct or indirect subsidiary of any Debtor or compliance with any provisions of any of the Organizational Documents,
the Debtor hereby grant such consent and approval and waive any such noncompliance with the terms of said documents.

 

[SIGNATURE
PAGE FOLLOWS]

    	 

    	 

    

 

 

 

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

 

 

	DEBTOR:
                            SOS Hydration Inc.

     

    

	By:/s/
        James Mayo

        Name:
        James Mayo

        Title:President

 

 

 

 

SECURED
PARTY: Gemini Finance Corp.

 

 By: /s/ Steven Winter 

Name: Steven Winters

Title: President and CEOExhibit
4.10

 

THIS
INSTRUMENT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). THEY MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT
OR UPON RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT.

 

[FORM OF]

 

SENIOR
SECURED PROMISSORY NOTE

 

 

	 

    $[---]
	Date
                           of Issuance

    June
    23, 2021

 

 

FOR
VALUE RECEIVED, SOS HYDRATION INC., a California corporation (the “Company”), hereby promises to pay to
the order of [---] (together with its permitted successors and assigns, hereinafter referred to as the “Holder”),
the principal sum of [---] ($[---]) together with interest thereon from the date of this note (this “Note”). Interest
shall accrue on the unpaid principal balance of this Note at an aggregate rate of twelve percent (12%) per annum (with a minimum of one
year of interest) from the Closing Date, of which interest at the rate of ten percent (10%) per annum shall accrue from the Closing Date
and be paid to Holder within ten (10) days of the first day of each calendar month until this Note is paid in full (“Monthly
Interest”) and (ii) interest at the rate of two percent (2%) shall accrue from the Closing Date, compound annually, and be
due and payable in arrears to the Holder on the Maturity Date (as defined below) (the “Deferred Interest” and together
with the Monthly Interest, the “Total Interest”). This Note is issued pursuant to that certain Subscription Agreement
of even date herewith, by and between the Company and the other parties thereto (the “Subscription Agreement”), and
capitalized terms not defined herein will have the meanings set forth in the Subscription Agreement. The Note is secured pursuant to
the terms of a Security Agreement (the “Security Agreement”).

 

1.             
Payment. All payments will be made in lawful money of the United States of America by same day wire transfer of immediately available
funds to an account designated by Holder in writing to the Company at least five (5) Business Days prior to the date of any payment.
Payment will be credited first to accrued interest due and payable, with any remainder applied to principal. The principal and interest
may be prepaid as provided in the Subscription Agreement.

 

2.                 
Maturity Date. Unless prepaid as provided in the Subscription Agreement, the aggregate unpaid principal amount of this Note, plus
all accrued and unpaid Total Interest thereon, and all other amounts payable under this Note shall be due and payable on the earlier
of: (a) June 23, 2023,

(b)
the closing of a Qualified Subsequent Financing, and (c) the closing of an IPO (any such date, the “Maturity Date”).
The parties may extend the Maturity Date by written agreement.

 

3.               
Security. This Note is a general secured obligation of the Company, as set forth in the Security Agreement.

 

4.              Remedies.
If any Event of Default occurs and continues for a period of (a) fifteen (15) days, in the case of an Economic Default, or (b) fifty
(50) days, in the case of a Non-Economic Default, after written notice thereof given by the Holder to the Company, then the Holder
shall, by written election, elect to either (i) declare the Note immediately due and payable, or (ii) continue to hold the Note with
the rate of Total Interest
increased by 6% (from 12% to 18%), which includes an increase from 10% to 13% for the Monthly Interest and an increase from 2% to 5%
for the Deferred Interest, for so long as the Event of Default shall remain uncured.

    	 

    	 

    

 

5.             
Amendments and Waivers; Resolutions of Dispute; Notice. The amendment or waiver of any term of this Note, the resolution of any
controversy or claim arising out of or relating to this Note, and the provision of notice between the Company and the Holder will be
governed by the terms of the Subscription Agreement.

 

6.             
Successors and Assigns. This Note applies to, inures to the benefit of, and binds the respective successors and assigns of the
parties hereto. Any transfer of this Note may be affected only pursuant to the Subscription Agreement and by surrender of this Note to
the Company and reissuance of a new note to the transferee.

 

7.             
Limitation on Interest. In no event will any interest charged, collected, or reserved under this Note
exceed the maximum rate then permitted by applicable law, and if any payment made by the Company under this Note exceeds such
maximum rate, then such excess sum will be credited by the Holder as a payment of principal.

 

8.             
Governing Law. This Note will be governed by and construed in accordance with the internal laws of the State of Delaware without
giving effect to any choice or conflict of law provision or rule (whether of the State of California or any other jurisdiction).

 

9.             
Approval. The Company hereby represents that Company’s execution of this Note has been duly approved based upon a reasonable
belief that the principal provided hereunder is appropriate for the Company after reasonable inquiry concerning the Company’s financing
objectives and financial situation. In addition, the Company hereby represents that it intends to use the principal of this Note primarily
for the operations of its business, and not for any personal, family, or household purpose or for the repayment of any other debt.

NOTWITHSTANDING
ANYTHING TO THE CONTRARY SET FORTH HEREIN, THIS NOTE AND THE RIGHTS AND OBLIGATIONS EVIDENCED HEREBY AND RIGHT TO PAYMENTS HEREUNDER
ARE SENIOR IN ALL RESPECTS AND SHALL BE SUBJECT TO ALL PROVISIONS OF THE SUBSCRIPTION AGREEMENT, OF WHICH SECTION 7 IS INCORPORATED HEREIN
BY THIS REFERENCE, AND TO THE EXTENT OF ANY CONFLICT OR INCONSISTENCY, THE PROVISIONS OF THE SUBSCRIPTION AGREEMENT SHALL CONTROL.

 

 

 

[Signature
Page Follows]

    	 

    	 

    

 

 

 

 

The
undersigned expressly waives any presentment, demand, protest, notice of default, notice of intention to accelerate, notice of acceleration
or notice of any other kind except as expressly provided in the Subscription Agreement.

 

SOS
HYDRATION INC.

 

 

By:_____________

Name: James Mayo

Title: Chief Executive Officer

 

 

AGREED AND ACKNOWLEDGED:

HOLDER:

 

 

Name:

 

    	 

    	 

    

 

Schedule of purchasers

 

	Purchaser
    Name and Address	Principal
    Amount of Senior Secured Note and Consideration to be Paid:	Number
    of Warrant Shares	Exercise
    Price
	Victor
    Henry David Trione	$100,000	27,944	$2.86
	Bali
    Venture Partners, LLC	$300,000	83,832	$2.86
	Park
                                            Family Trust Est. Aug 29, 2012

     
	$50,000	13,972	$2.86
	Istvan
                                            Elek

     
	$50,000	13,972	$2.86
	Rowland
                                            W. Day II and Jaimie D. Day Family Trust U/D/T April 13, 1990

     
	$50,000	13,972	$2.86
	SMEA2Z
                                            LLC

     
	$50,000	13,972	$2.86
	Mark
                                            A. Manzo Jr.

     
	$100,000	27,944	$2.86
	Amanda
                                            Caron Richie

     
	$100,000	27,944	$2.86
	Ray
                                            Jaye

     
	$100,000	27,944	$2.86
	Solyco
                                            CAC LLC

     
	$100,000	27,944	$2.86
	Norman
                                            A. & Susan L. Pappas Family Support Foundation

     
	$100,000	27,944	$2.86
	TOTALS	$1,100,000	307,385

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