Document:

Exhibit 10.1

 

NOTE
PURCHASE AGREEMENT

 

This
NOTE PURCHASE Agreement (this “Agreement”)
is made as of October __, 2019 by and among Telemynd, Inc., a Delaware corporation (the “Company”), and the
investors listed on Schedule A hereto (each, an “Investor” and together, the “Investors”).

 

Agreement

 

In
consideration for the mutual promises and covenants herein, the parties agree as follows:

 

Section
1 – Purchase and Sale of Notes

 

1.1 Purchase
and Sale of Notes. The Company has authorized the issuance and sale, in accordance with the terms hereof, of Secured Convertible
Promissory Notes in the original aggregate principal amount of up to $2,500,000 (the “Note Cap Amount”), substantially
in the form attached as Exhibit A hereto (individually, a “Note” and, collectively, the “Notes”).
On the terms and subject to the conditions set forth in this Agreement, at the Closings (as defined below) the Company agrees
to issue to each Investor, and each Investor agrees to purchase from the Company, a Note in the principal amount set forth on
Schedule A hereto for the aggregate consideration set forth opposite such Investor’s name on Schedule A hereto.
The financing pursuant to which the Company is issuing the Notes is hereinafter referred to as the “Financing”.

 

1.2 Closings.

 

(a) Initial
Closing. The initial purchase and sale of the Notes shall take place at a closing (the “Initial
Closing”) which shall take place remotely via exchange of documents and signatures at
such time and place as may be agreed to among the Company and the Investors. At the Initial Closing, the Company shall deliver
to each of the Investors purchasing Notes for cash at such closing a Note in the face amount set forth opposite such Investor’s
name on Schedule A under the column entitled “Purchase Price / Principal Amount of Note (Initial Closing)”
against receipt of a check subject to collection or a wire transfer in immediately available funds of the purchase price, to an
account designated by the Company. 

 

(b) Additional
Closings. The Company shall have the right, on one or more occasions, to hold additional closings (each, an “Additional
Closing”, and collectively with the Initial Closing, the “Closings”,
and individually, a “Closing”), pursuant to which it shall have the right
to issue and sell additional Notes to additional Investors or existing Investors (provided that no Additional Closings shall take
place later than six (6) months after the Initial Closing). At each Additional Closing, the Company shall deliver to each Investor
purchasing Notes for cash at such closing a Note in the face amount of the purchase price paid by such Investor for such Note,
against receipt of a check subject to collection or a wire transfer in immediately available funds of the purchase price, to an
account designated by the Company. By receiving a Note at an Additional Closing, each Investor receiving such Notes represents
that its representations and warranties contained in Section 3 are true and correct as of the date of such Additional Closing.
The aggregate amount of Notes that may be issued at Closings hereunder shall in no event exceed the Note Cap Amount. The Company
shall have the right to update Schedule A in order to add information regarding Additional Closings, which shall not be
deemed to be an amendment to this Agreement.

 

    

     

    

 

The
obligation of each Investor to purchase and pay for the Notes to be delivered at a Closing is, unless waived by such Investor,
subject to the condition that the Company’s representations and warranties contained in Section 2 are true, complete and
correct on and as of such Closing date. The obligation of the Company to sell and issue Notes to be delivered at a Closing is,
unless waived by the Company, subject to the condition that the relevant Investor’s representations and warranties contained
in Section 3 are true, complete and correct on and as of the applicable Closing date.

 

1.3 Security
Agreement. At the Initial Closing, the Company shall execute and deliver to the Investors a Security Agreement substantially
in the form of Exhibit B attached hereto (the “Security Agreement”).

 

Section
2 - Representations and Warranties

of
the Company

 

The
Company represents and warrants to each Investor as follows:

 

2.1 Organization,
Good Standing and Qualification. The Company is a corporation duly organized and validly existing under the laws of the State
of Delaware. The Company has the requisite corporate power to own and operate its properties and assets and to carry on its business
as now conducted and as proposed to be conducted.

 

2.2 Authority
to Execute. The execution, delivery and performance by the Company of (i) this Agreement, (ii) the Notes to be issued pursuant
to the terms of this Agreement, (iii) the Security Agreement, and (iii) any financing statements thereunder (collectively, the
“Loan Documents”) are within the Company’s corporate powers, have been duly authorized by all necessary
corporate action, do not and will not conflict with any provision of law or organizational document of the Company (including
its Certificate of Incorporation or Bylaws) or of any agreement or contractual restrictions binding upon or affecting the Company
or any of its property and need no further stockholder or creditor consent.

 

2.3 No
Stockholder Approval Required. No approval of the Company’s stockholders is required for (i) the entry by the Company
into this Agreement, (ii) the issuance of the Notes contemplated by this Agreement, or (iii) the issuance of any shares of stock
upon conversion of the Notes.

 

2.4. Valid
Issuance. The shares of stock to be issued upon conversion of the Notes contemplated by this Agreement (the “Conversion
Securities” and together with the Notes, the “Securities”) will be, upon conversion and exercise
in accordance with the terms of the Notes, as applicable, validly issued, fully paid and nonassessable and free of restrictions
on transfer other than restrictions on transfer under the Loan Documents, the documents entered into by the investors and other
parties in the financing giving rise to repayment of the Notes, applicable state and federal securities laws and liens or encumbrances
created by or imposed by the Investor. Assuming the accuracy of the representations of the Investor in Section 3 of this Agreement,
the Securities will be issued in compliance with all applicable federal and state securities laws.

 

    2

     

    

 

2.5 Binding
Obligation. This Agreement is, and the other Loan Documents when delivered hereunder will be, legal, valid and binding obligations
of the Company enforceable against the Company in accordance with their respective terms, subject, as to enforcement of remedies,
to applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting creditors’ rights generally
and to general equitable principles.

 

2.6 Litigation.
Other than as disclosed in the Company’s SEC Reports (as defined below), no litigation or governmental proceeding is pending
or threatened against the Company which may have a materially adverse effect on the financial condition, operations or prospects
of the Company, and to the knowledge of the Company, no basis therefore exists.

 

2.7 Intellectual
Property. The Company owns or possesses sufficient legal rights to all patents, trademarks, service marks, trade names, copyrights,
trade secrets, licenses, information and other proprietary rights and processes (“Intellectual Property”) necessary
for its business as now conducted and as presently proposed to be conducted, without any infringement of the rights of others.
Schedule B contains an accurate and complete list of all Intellectual Property owned by the Company or any of its subsidiaries.
The use by the Company or its subsidiaries of Intellectual Property owned or purported to be owned by the Company or its subsidiaries
and the general conduct and operations of the business of the Company and its subsidiaries does not violate, infringe, misappropriate
or misuse any Intellectual Property rights of any third party. To the knowledge of the Company, no third party is currently infringing,
misappropriating or otherwise violating, or has infringed or misappropriated or otherwise violated, rights of any of the Company
or its subsidiaries in any Intellectual Property owned, licensed, used, or held for us by the Company or its subsidiaries. There
are no outstanding options, licenses or agreements of any kind relating to the foregoing proprietary rights, nor is the Company
bound by or a party to any options, licenses or agreements of any kind with respect to the patents, trademarks, service marks,
trade names, copyrights, trade secrets, licenses, information and other proprietary rights and processes of any other person or
entity other than such licenses or agreements arising from the purchase of “off the shelf” or standard products.

 

2.8SEC
Reports.The Company has timely filed all forms, reports, schedules, proxy statements, registration statements and other
documents (including all exhibits thereto) required to be filed by it with the Securities and Exchange Commission (the “SEC”)
pursuant to the federal securities laws and the SEC rules and regulations thereunder, together with all certifications required
pursuant to the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”) (as they have been amended since the
time of their filing, including all exhibits thereto, the “SEC Reports”). Each of the SEC Reports complied
in all material respects with the applicable requirements of the Securities Act of 1933, as amended (the “Securities
Act”) and the Securities Exchange Act of 1934, as amended, the Sarbanes-Oxley Act and the rules and regulations of the
SEC under all of the foregoing. None of the SEC Reports contained any untrue statement of a material fact or omitted to state
a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading.

 

    3

     

    

 

Section
3 - Representations and Warranties

of
the Investors

 

Each
Investor represents and warrants to the Company as follows:

 

3.1 Authorization;
Binding Obligations. The Investor has full power and authority to enter into this Agreement and each of the other Loan Documents
to which he, she or it is a party, and this Agreement and each other Loan Document constitutes a valid and legally binding obligation
of each Investor, enforceable against each Investor in accordance with its terms, subject, as to enforcement of remedies, to applicable
bankruptcy, insolvency, moratorium, reorganization and similar laws affecting creditors’ rights generally and to general
equitable principles.

 

3.2 Accredited
Investor. The Investor is an “accredited investor” within the meaning of SEC Rule 501 of Regulation D promulgated
under the Securities Act.

 

3.3 Investment
for Own Account. Each Investor represents that it (i) is acquiring the Securities solely for its own account and beneficial
interest for investment and not with a view to, or for resale in connection with, any distribution or public offering thereof
within the meaning of the Securities Act, and (ii) has no present intention of selling (in connection with a distribution or otherwise),
granting any participation in, or otherwise distributing the same, and does not presently have reason to anticipate a change in
such intention.

 

3.4 Information
and Sophistication. Without limiting the representations and warranties of the Company set forth in Section 3, each Investor
hereby: (a) acknowledges that it has received all the information it has requested from the Company and it considers necessary
or appropriate for deciding whether to acquire the Securities, (b) represents that it has had an opportunity to ask questions
and receive answers from the Company regarding the terms and conditions of the offering of the Securities and to obtain any additional
information necessary to verify the accuracy of the information given the Investor and (c) further represents that it has such
knowledge and experience in financial and business matters that it is capable of evaluating the merits and risk of this investment.

 

3.5 Ability
to Bear Economic Risk. Each Investor acknowledges that investment in the Securities involves a high degree of risk, and represents
that it is able, without materially impairing its financial condition, to hold the Securities for an indefinite period of time
and to suffer a complete loss of its investment.

 

3.6 U.S.
Person. Each Investor is a U.S. Person as defined under Regulation S under the Securities Act, as amended, which definitions
are attached hereto as Appendix I, or such Investor will make such representations and warranties, and agree to such covenants
and restrictions as set forth in Section 3.7 below.

 

    4

     

    

 

3.7 Representations
and Warranties of Non-US Investors; Covenants of and Restrictions Thereon.

 

(a) Representations
and Warranties. If Investor cannot represent and warrant that it is a U.S. Person (as defined in Appendix I hereto), such
Investor (a “Foreign Investor”) hereby represents and warrants to the Company as follows:

 

(i) The
Securities being purchased are being acquired for investment for Foreign Investor’s own account, not as a nominee or agent,
and not for the account or benefit of, a U.S. Person (as defined in Appendix I hereto), and not with a view to the resale or distribution
of any part thereof in the United States (as defined in Appendix I hereto) or to a U.S. Person, and that Foreign Investor has
no present intention of selling, granting any participation in, or otherwise distributing such Securities.

 

(ii) Foreign
Investor does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations
to such person or to any third person in the United States or to a U.S. Person, or any hedging transaction with any third person
in the United States or to a United States resident, with respect to any of the Securities.

 

(iii) Foreign
Investor understands that the Securities are not registered under the Securities Act on the ground that the sale provided for
in this Agreement and the issuance of securities hereunder is exempt from registration under the Securities Act pursuant to Regulation
S thereof, and that the Company’s reliance on such exemption is predicated on the Foreign Investors’ representations
set forth herein.

 

(iv) Foreign
Investor is a person or entity that is not a U.S. Person

 

(b) Covenants.
Each Foreign Investor hereby agrees that:

 

(i) Foreign
Investor will not, directly or indirectly, offer, sell, pledge, transfer or otherwise dispose of (or solicit any offers to buy,
purchase or otherwise acquire or take a pledge of) any of the Securities purchased hereunder except in compliance with the Securities
Act, applicable blue sky laws, and the rules and regulations promulgated thereunder; provided that in a transaction exempt from
registration under the Securities Act, such Foreign Investor shall, prior to effecting such disposition, provide notice to the
Company of such proposed disposition and if reasonably requested by the Company submit to the Company an opinion of counsel in
form and substance reasonably satisfactory to the Company to the effect that the proposed transaction is in compliance with the
Securities Act.

 

(d) Legend
Requirements. Each certificate representing the Securities issued to a Foreign Investor shall (unless otherwise permitted
by the provisions of the Agreement) be stamped or otherwise imprinted with a legend substantially similar to the following (in
addition to any legend required under applicable state securities laws or as provided elsewhere in this Agreement):

 

“THE
SECURITIES REPRESENTED HEREBY HAVE BEEN ACQUIRED PURSUANT TO REGULATION S OF THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
AND MAY NOT BE SOLD, MORTGAGED, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE THEREWITH, PURSUANT TO A REGISTRATION
UNDER THE ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF
COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE WITH
THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS. IN ADDITION, NO HEDGING TRANSACTION MAY BE CONDUCTED WITH RESPECT TO THESE SECURITIES
UNLESS SUCH TRANSACTIONS ARE IN COMPLIANCE WITH THE ACT.”

 

    5

     

    

 

(e) Stop-Transfer
Restrictions. The Company hereby agrees, for the benefit of the Investors, that it will not register any transfer of the Securities
not made in accordance with the provisions of Regulation S, pursuant to registration under the Securities Act, or pursuant to
an available exemption from registration.

 

3.8 Further
Assurances. Each Investor agrees and covenants that at any time and from time to time it will promptly execute and deliver
to the Company such further instruments and documents and take such further action as the Company may reasonably require in order
to carry out the full intent and purpose of this Agreement and to comply with state or federal securities laws or other regulatory
approvals.

 

Section
4 - Miscellaneous

 

4.1 Conditions
Precedent. The obligation of each Investor to consummate the transactions contemplated hereby is subject, at the option of
each Investor, to the fulfillment of the following conditions, any one or more of which may be waived by each Investor:

 

(a) execution
of the Notes at each Closing;

 

(b) approval
of the Company’s Board of Directors of the transactions contemplated hereby and all other actions necessary for the consummation
of the transactions contemplated hereby at the Initial Closing;

 

(c) the
Company and each Investor shall have entered into the Security Agreement; and

 

(d) the
Company shall have completed the filing of a UCC-1 financing statement with respect to the Collateral (as defined in the Security
Agreement) at the Initial Closing.

 

4.2 No
Waiver; Cumulative Remedies. No failure or delay on the part of any party to any Loan Document in exercising any right or
remedy under, or pursuant to, any Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of
any such right, remedy or power preclude other or further exercise thereof, or the exercise of any other right, remedy or power.
The remedies in the Loan Documents are cumulative and are not exclusive of any remedies provided by law.

 

4.2 Amendments
and Waivers. Except as otherwise expressly set forth in this Agreement, any term of this Agreement may be amended (either
retroactively or prospectively) with the written consent of (x) the Company and (y) and those Investors holding Notes whose aggregate
principal amount represents a majority of the total outstanding principal amounts of all then outstanding Notes under this Agreement
(collectively, the “Majority Holders”); provided that no such amendment may discriminate against a holder of
Notes in a manner different from the other holders without such holder’s written consent. Any amendment effected in accordance
with this Section 4.2 shall be binding upon each Investor, each future holder of Securities and the Company.

 

    6

     

    

 

4.3 Notices.
Except as may be otherwise provided herein, all notices, requests, waivers and other communications made pursuant to this Agreement
shall be in writing and shall be conclusively deemed to have been duly given (a) when hand delivered to the other party; (b) when
sent by telecopier, facsimile or email transmission to the contact information set forth below if sent between 8:00 a.m. and 5:00
p.m. recipient’s local time on a Business Day (as defined below), or on the next Business Day if sent by telecopier, facsimile
or email transmission to the contact information set forth below if sent other than between 8:00 a.m. and 5:00 p.m. recipient’s
local time on a Business Day; (c) two Business Days after deposit in the U.S. mail with first class or certified mail receipt
requested postage prepaid and addressed to the other party at the address set forth below its name on the signature page hereto;
or (d) the next Business Day after deposit with a national overnight delivery service, postage prepaid, addressed to each of the
parties as set forth below its name on the signature page hereto with next Business Day delivery guaranteed, provided that the
sending party receives a confirmation of delivery from the delivery service provider:

 

If
to the Company, to:

 

Telemynd,
Inc.

26522
La Alameda, Mission Viejo, CA 92691

Attention:
Patrick Herguth, CEO

eMail:
patrick@telemynd.com

 

If
to an Investor, to the contact information provided in Schedule A.

 

A
party may change or supplement its address for notice, or designate additional addresses, for purposes of this Section 4.3 by
giving the other parties written notice of the new address in the manner set forth above. For purposes of this Section 4.3, “Business
Day” shall mean any day which is not a Saturday or Sunday or a legal holiday on which banks are authorized or required
to be closed in Wilmington, Delaware.

 

4.4 Costs
and Expenses. The Company and each Investor agree to be responsible for their own costs and expenses incurred in connection
with the preparation of the Loan Documents. If any litigation, contest, dispute, suit, proceeding or action is instituted between
or among any of the parties hereto regarding the enforcement or interpretation of this Agreement or any of the Exhibits hereto,
the prevailing party shall be entitled to reimbursement from the other party or parties for all reasonable expenses, costs, charges
and other fees (including legal fees) incurred in connection with or related to such dispute.

 

    7

     

    

 

4.5 Governing
Law. The Loan Documents shall be governed by and construed in accordance with the laws of the State of Delaware, without regard
to the conflicts of law provisions of the State of Delaware or of any other state. The Company and each Investor consent to personal
jurisdiction in New Castle County, California.

 

4.6 Severability.
If any term in this Agreement is held to be illegal or unenforceable, the remaining portions of this Agreement shall not be affected,
and this Agreement shall be construed and enforced as if this Agreement did not contain the term held to be illegal or unenforceable.

 

4.7 Binding
Effect; Assignment. The Loan Documents shall be binding upon and inure to the benefit of the Company and each Investor and
their respective successors and assigns. The Company may not assign its rights or interest under the Loan Documents without the
prior written consent of the Majority Holders.

 

4.8 Transfer
of Securities. Notwithstanding the legend required to be placed on the Securities by applicable law, no registration statement
or opinion of counsel shall be necessary: (a) for a transfer of Securities to the respective estate of each Investor or for a
transfer of Securities by gift, will or intestate succession of each Investor to his or her spouse or to the siblings, lineal
descendants or ancestors each Investor or his or her spouse, if the transferee agrees in writing to be subject to the terms hereof
to the same extent as if he or she were the original Investor hereunder; or (b) for a transfer of Securities pursuant to SEC Rule
144 or any successor rule, or for a transfer of Securities pursuant to a registration statement declared effective by the SEC
under the Securities Act relating to the Securities.

 

4.9 Survival
of Representations and Warranties. The representations and warranties of the parties contained in or made pursuant to this
Agreement shall survive the execution and delivery of this Agreement indefinitely, and shall in no way be affected by any investigation
of the subject matter thereof made by or on behalf of the other parties.

 

[Remainder
of Page Intentionally Left Blank]

 

    8

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their proper and duly authorized
officers as of the date first written above.

 

	 	TELEMYND, INC.
	 	 	 
	 	By:	
	 	 	Name:
	 	 	Title: 

 

[SIGNATURE PAGE TO NOTE PURCHASE AGREEMENT]

 

    

     

    

 

	 	INVESTOR:
	 	 	 
	 	RSJ INVESTMENTS SICAV A.S., a Czech Republic joint stock corporation acting in respect of its sub-fund (podfond) RSJ Gradus podfond, acting by its corporate director RSJ Investments investiční společnost a.s.
	 	 	 
	 	By:	
	 	 	Name: Libor
    Winkler
	 	 	Title:
    Chairman of the Board of Directors
	 	 	 
	 	JOHN PAPPAJOHN REVOCABLE TRUST
	 	 	 
	 	By:	
	 	 	Name: John
    Pappajohn
	 	 	Title:
    Trustee
	 	 	 
	 	 
	 	Peter Joseph Unanue
	 	 	 
	 	 
	 	Geoffrey Harris
	 	 	 
	 	 
	 	Patrick Herguth

 

[SIGNATURE PAGE TO NOTE PURCHASE AGREEMENT]

 

    

     

    

 

SCHEDULE
A

 

	Investor	Purchase
    Price / Principal Amount of Note 
	 

                                                                                                                                                                           RSJ
        INVESTMENTS SICAV A.S.

         

        Name:
        Libor Winkler

         

        Address:_______________________________

         

        ______________________________________

         

        Fax:__________________________________

         

        Email:_________________________________

         

        Tax
        ID:________________________________

         
	$250,000
	 

                                                                                                                                                                           JOHN
        PAPPAJOHN REVOCABLE TRUST

         

        Name:
        John Pappajohn

         

        Address:
        8473 Bay Colony Drive

        Unit
        1101

        Naples,
        FL 34108

        Fax:__________________________________

         

        Email:_________________________________

         

        Tax
        ID:________________________________

         
	$250,000
	 

                                                                                                                                                                           Name:
        Peter Joseph Unanue

         

        Address:
        26 Sunden Ct

        Old
        Tappan, NJ 07675

         

        Fax:__________________________________

         

        Email:_________________________________

         

        Tax
        ID:________________________________

         
	$100,000
	 

        Name:
        Geoffrey Harris

         

        Address:
        8 Hartley Farms Road

        Morristown,
        NJ 07960

         

        Fax:__________________________________

         

        Email:_________________________________

         

        Tax
        ID:________________________________

         
	$50,000
	 

                                                                                                                                                                           Name:
        Patrick Herguth

         

        Address:
        5 Ford Road

        Sudbury,
        MA 01776

         

        Fax:__________________________________

         

        Email:_________________________________

         

        Tax
        ID:________________________________

         
	$50,000
	TOTAL:	$700,000

 

    

     

    

 

EXHIBIT
A

 

FORM
OF NOTE

 

    

     

    

 

EXHIBIT
B

 

SECURITY
AGREEMENT

 

    

     

    

 

APPENDIX
I

 

CERTAIN
DEFINITIONS

 

As
used in the Agreement, the following terms shall have the meanings indicated:

 

“U.S.
Person”:

 

(a) “U.S.
person” means:

 

(i) Any
natural person resident in the United States;

 

(ii) Any
partnership or corporation organized or incorporated under the laws of the United States;

 

(iii) Any
estate of which any executor or administrator is a U.S. person;

 

(iv) Any
trust of which any trustee is a U.S. person;

 

(v) Any
agency or branch of a foreign entity located in the United States;

 

(vi) Any
non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit
or account of a U.S. person;

 

(vii) Any
discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated,
or (if an individual) resident in the United States; and

 

(viii) Any
partnership or corporation if:

 

(A) Organized
or incorporated under the laws of any foreign jurisdiction; and

 

(B) Formed
by a U.S. person principally for the purpose of investing in securities not registered under the Act, unless it is organized or
incorporated, and owned, by accredited investors (as defined in §230.501(a)) who are not natural persons, estates or trusts.

 

(b) The
following are not “U.S. persons”:

 

(i) Any
discretionary account or similar account (other than an estate or trust) held for the benefit or account of a non-U.S. person
by a dealer or other professional fiduciary organized, incorporated, or (if an individual) resident in the United States;

 

    

     

    

 

(ii) Any
estate of which any professional fiduciary acting as executor or administrator is a U.S. person if:

 

(A) An
executor or administrator of the estate who is not a U.S. person has sole or shared investment discretion with respect to the
assets of the estate; and

 

(B) The
estate is governed by foreign law;

 

(iii) Any
trust of which any professional fiduciary acting as trustee is a U.S. person, if a trustee who is not a U.S. person has sole or
shared investment discretion with respect to the trust assets, and no beneficiary of the trust (and no settler if the trust is
revocable) is a U.S. person;

 

(iv) An
employee benefit plan established and administered in accordance with the law of a country other than the United States and customary
practices and documentation of such country;

 

(v) Any
agency or branch of a U.S. person located outside the United States if:

 

(A) The
agency or branch operates for valid business reasons; and

 

(B) The
agency or branch is engaged in the business of insurance or banking and is subject to substantive insurance or banking regulation,
respectively, in the jurisdiction where located; and

 

(vi) The
International Monetary Fund, the International Bank for Reconstruction and Development, the Inter-American Development Bank, the
Asian Development Bank, the African Development Bank, the United Nations, and their agencies, affiliates and pension plans, and
any other similar international organizations, their agencies, affiliates and pension plans.

 

“United
States”: the United States of America, its territories and possessions, any State of the United States, and the District
of Columbia.Exhibit 10.2

 

SECURITY AGREEMENT

 

This SECURITY AGREEMENT,
dated as of October __, 2019 (this “Security Agreement”) is entered into by and among Telemynd, Inc., a Delaware corporation
limited liability company (“Obligor”) and the holders of the Notes (as defined below) (collectively, the “Secured
Parties”) under the ]Purchase Agreement (defined below).

 

W I T N E S S E T H

 

WHEREAS, Obligor and
the Secured Parties are parties to that certain Note Purchase Agreement, dated as of October __, 2019 by and among Obligor and
Secured Parties (the “Purchase Agreement”), pursuant to which the Obligor issued up to $2,500,000 of those certain
12% Senior Secured Promissory Notes to each of the Secured Parties (the “Notes”); and

 

WHEREAS, the parties
hereto acknowledge that the Notes, as well as the obligations under the Purchase Agreement, shall be entitled to the benefits of
the security interest provided for the benefits of the holders of the Notes, all on a pari passu basis.

 

WHEREAS, in order to
induce the Secured Parties to purchase the Notes, the Obligor agreed to execute and deliver to the Secured Parties this Agreement
for the benefit of the Secured Parties and to grant to them a first priority security interest in certain property of the Obligor
to secure the prompt payment, performance, and discharge in full of the Obligor’s obligations under the Notes (as defined
below).

 

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 “general intangibles” and “proceeds”)
shall have the respective meanings given such terms in Article 9 of the UCC.

 

     

     

    

 

(a) “Collateral”
means the collateral in which the Secured Parties are granted a security interest by this Agreement and which shall include all
of the assets set forth on Exhibit A attached hereto.

 

(b) “Obligations” means all of the Obligor’s obligations under this Agreement and the Notes 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 the Secured Parties as a preference, fraudulent transfer or otherwise as such
obligations may be amended, supplemented, converted, extended or modified from time to time.

 

(c) “Obligor”
shall have the meaning set forth in the preamble of this Agreement.

 

(d) “UCC” means the Uniform Commercial Code, as currently in effect in the State of Delaware.

 

2. Grant of Security
Interest. As an inducement for the Secured Parties to purchase the Notes from Obligor and to advance funds to Obligor and to
secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, Obligor
hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Parties a continuing security interest
in, a first lien upon, and a right of set-off against all of each Obligor’s right, title, and interest of whatsoever kind
and nature in and to the Collateral (the “Security Interest”).

 

3. Representations
Warranties Covenants and Agreements of the Obligor. Obligor represents and warrants to, and covenants and agrees with, the
Secured Parties as follows:

 

(a) Obligor
has the requisite corporate power and authority to enter into this Agreement and otherwise to carry out its obligations thereunder.
The execution, delivery and performance by Obligor of this Agreement and the filings contemplated therein have been duly authorized
by all necessary action on the part of Obligor and no further action is required by the Obligor.

 

(b) Obligor
represents and warrants that it has no place of business or offices where its 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;

 

(c) Obligor
is the sole owner of the Collateral (except for non-exclusive licenses granted by Obligor in the ordinary course of business),
free and clear of any liens, security interests, encumbrances, rights or claims, and is fully authorized to grant the Security
Interest in and to pledge the Collateral. 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 have been filed in favor of the Secured Parties pursuant to this Agreement) covering or affecting any of the Collateral.
So long as this Agreement shall be in effect, the Obligor shall not execute and shall not knowingly permit to be on file in any
such office or agency any such financing statement or other document or instrument (except to the extent filed or recorded in favor
of the Secured Parties pursuant to the terms of this Agreement).

 

    2

     

    

 

(d) No
part of the Collateral has been judged invalid or unenforceable. No written claim has been received that any Collateral or Obligor’s
use of any Collateral violates the rights of any third Parties. There has been no adverse decision to Obligor’s claim of
ownership rights in or exclusive rights to use the Collateral in any jurisdiction or to the Obligor’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 Obligor, threatened before any court, judicial body, administrative or regulatory agency, arbitrator or other governmental
authority.

 

(e) Obligor
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 Parties 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 and other necessary documents have been filed and recorded and other steps have been taken to perfect the Security Interest
to create in favor of the Secured Parties valid, perfected and continuing first priority liens in the Collateral.

 

(f) This
Agreement creates in favor of the Secured Parties a valid security interest in the Collateral securing the payment and performance
of the Obligations and, upon making the filings described in the immediately following sentence, a perfected security interest
in such Collateral. Except for the filing of financing statements on Form UCC-I under the UCC with the jurisdictions indicated
on Schedule B, attached hereto, no authorization or approval of or filing with or notice to any governmental authority or regulatory
body is required either (i) for the grant by any Obligor of, or the effectiveness of, the Security Interest granted hereby or for
the execution, delivery and performance of this Agreement by such Obligor or (ii) for the perfection of or exercise by the Secured
Parties of their rights and remedies hereunder.

 

(g) On
the date of execution of this Agreement, Obligor will deliver to the Secured Parties one or more executed UCC financing statements
on Form UCC-1 under the UCC with respect to the Security Interest for filing with the jurisdictions indicated on Schedule B, attached
hereto and in such other jurisdictions as may be requested by the Secured Parties.

 

(h) The
execution, delivery, and performance of this Agreement does not conflict with or cause a breach or default, or an event that with
or without the passage of time or notice, shall constitute a breach or default, under any agreement to which such Obligor is a
party or by which such Obligor is bound. No consent (including, without limitation, from stockholders or creditors of any Obligor)
is required for any Obligor to enter into and perform its obligations hereunder.

 

    3

     

    

 

(i) Obligor
shall at all times maintain the liens and Security Interest provided for hereunder as valid and perfected liens and security interests
in the Collateral in favor of the Secured Parties until this Agreement and the Security Interest hereunder shall be terminated
pursuant to Section 12 hereof. Obligor hereby agrees to defend the same against any and all persons. Such Obligor shall safeguard
and protect all Collateral for the account of the Secured Parties. At the request of the Secured Parties, the Obligor will sign
and deliver to the Secured Parties at any time or from time to time one or more financing statements pursuant to the UCC (or any
other applicable statute) in form reasonably satisfactory to the Secured Parties and will pay the cost of filing the same in all
public offices wherever filing is, or is deemed by the Secured Parties to be, necessary or desirable to effect the rights and obligations
provided for herein. Without limiting the generality of the foregoing, such Obligor shall pay all fees, taxes and other amounts
necessary to maintain the Collateral and the Security Interest hereunder, and the Obligor shall obtain and furnish to the Secured
Parties 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 Interest hereunder.

 

(j) Obligor
will not transfer, pledge, hypothecate, encumber, license (except for non-exclusive licenses granted by such Obligor in the ordinary
course of business), sell or otherwise dispose of any of the Collateral without the prior written consent of the Secured Parties.

 

(k) Obligor
shall keep and preserve their 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.

 

(l) Obligor
shall, within ten (10) days of obtaining knowledge thereof, advise the Secured Parties promptly, in sufficient detail, of any substantial
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 Parties’ security interest therein.

 

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

 

(n) Obligor
shall permit the Secured Parties and their representatives and agents to inspect the Collateral at any time, and to make copies
of records pertaining to the Collateral as may be requested by the Secured Parties from time to time.

 

(o) Obligor
will 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.

 

(p) Obligor
shall promptly notify the Secured Parties 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 the Obligor that may materially affect
the value of the Collateral, the Security Interest or the rights and remedies of the Secured Parties hereunder.

 

    4

     

    

 

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

 

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

 

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

 

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

 

(c) The
failure by Obligor to observe or perform any of its obligations hereunder or the Notes, for five (5) days after receipt by Obligor
of notice of such failure from the Secured Parties.

 

5. Duty To Hold
In Trust. Upon the occurrence of any Event of Default and at any time thereafter, Obligor shall, upon receipt by it of any
revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Notes 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 Parties and shall forthwith endorse and transfer any such sums or instruments, or both, to the Secured Parties for application
to the satisfaction of the Obligations.

 

6. Rights and Remedies
Upon Default. Upon the occurrence of any Event of Default and at any time thereafter, the Secured Parties shall have the right
to exercise all of the remedies conferred hereunder and under the Notes, and the Secured Parties shall have all the rights and
remedies of a secured Parties under the UCC and/or any other applicable law (including the Uniform Commercial Code of any jurisdiction
in which any Collateral is then located). Without limitation, the Secured Parties shall have the following rights and powers:

 

(a) The
Secured Parties 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 the Obligor
shall assemble the Collateral and make it available to the Secured Parties at places which the Secured Parties shall reasonably
select, whether at the Obligor’s premises or elsewhere, and make available to the Secured Parties, without rent, all of the
Obligor’s respective premises and facilities for the purpose of the Secured Parties taking possession of, removing or putting
the Collateral in saleable or disposable form.

 

(b) The
Secured Parties shall have the right to operate the business of the Obligor 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 the Secured Parties 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 the Obligor or right of redemption of the Obligor, which are hereby expressly waived. Upon each such sale, lease, assignment
or other transfer of Collateral, the Secured Parties 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 the Obligor, which are hereby waived and released.

 

    5

     

    

 

7. Applications
of Proceeds. The proceeds of any such sale, lease or other disposition of the Collateral hereunder 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 the Secured Parties in enforcing their rights hereunder and in connection with collecting, storing and disposing
of the Collateral, and then to satisfaction of the Obligations, and to the payment of any other amounts required by applicable
law, after which the Secured Parties shall pay to the Obligor 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 Parties is legally entitled, such
Obligor will be liable for the deficiency, together with interest thereon, at the rate of 12% per annum or such lesser amount permitted
by applicable law (the “Default Rate”), and the reasonable fees of any attorneys employed by the Secured Parties to
collect such deficiency. To the extent permitted by applicable law, such Obligor waives all claims, damages and demands against
the Secured Parties arising out of the repossession, removal, retention or sale of the Collateral, unless due to the gross negligence
or willful misconduct of the Secured Parties.

 

8. Costs and Expenses.
The Obligor agree to pay all out-of-pocket fees, costs, and expenses incurred in connection with any filing required hereunder,
including without limitation, any financing statements, continuation statements, partial releases and/or termination statements
related thereto or any expenses of any searches reasonably required by the Secured Parties. The Obligor shall also pay all other
claims and charges which in the reasonable opinion of the Secured Parties might prejudice, imperil or otherwise affect the Collateral
or the Security Interest therein. The Obligor will also, upon demand, pay to the Secured Parties 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 Parties
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
Parties under the Notes. Until so paid, any fees payable hereunder shall be added to the principal amount of the Notes and shall
bear interest at the Default Rate.

 

9. Responsibility
for Collateral. Obligor assumes all liabilities and responsibility in connection with all Collateral, and the obligations of
the Obligor hereunder or under the Notes 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.

 

    6

     

    

 

10. Security Interest
Absolute. All rights of the Secured Parties and all Obligations of the Obligor hereunder, shall be absolute and unconditional,
irrespective of: (a) any lack of validity or enforceability of this Agreement, the Notes 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 Notes, the Transaction Documents 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 guaranty, or any other security, for all or any of the Obligations; (d) any action by the Secured Parties 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 the Obligor, or a discharge
of all or any part of the Security Interest granted hereby. Until the Obligations shall have been paid and performed in full, the
rights of the Secured Parties shall continue even if the Obligations are barred for any reason, including, without limitation,
the running of the statute of limitations or bankruptcy. Each Obligor 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 Parties 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 Parties other than the Secured Parties, then, in any such event, the Obligor’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. The
Obligor waives all right to require the Secured Parties to proceed against any other person or to apply any Collateral which the
Secured Parties may hold at any time, or to marshal assets, or to pursue any other remedy. The Obligor waives any defense arising
by reason of the application of the statute of limitations to any obligation secured hereby.

 

11. Term of Agreement.
This Agreement and the Security Interest shall terminate on the date on which all payments under the Notes have been made in full
and all other Obligations have been paid or discharged. Upon such termination, the Secured Parties, at the request and at the expense
of the Obligor, will join in executing any termination statement with respect to any financing statement executed and filed pursuant
to this Agreement.

 

12. Power of Attorney;
Further Assurances.

 

(a) The
Obligor authorizes the Secured Parties, and does hereby make, constitute and appoint it, and its respective officers, agents, successors
or assigns with full power of substitution, as each Obligor’s true and lawful attorney-in-fact, with power, in its own name
or in the name of the Obligor, to, after the occurrence and during the continuance of an Event of Default, (i) endorse any notes,
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 the Secured Parties; (ii) to sign and endorse any UCC
financing statement or any invoice, freight or express bill, bill of lading, storage or warehouse receipts, drafts against debtors,
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; and (v) generally,
to do, at the option of the Secured Parties, and at the Obligor’ expense, at any time, or from time to time, all acts and
things which the Secured Parties deems necessary to protect, preserve and realize upon the Collateral and the Security Interest
granted therein in order to effect the intent of this Agreement, the Notes and the Transaction Documents all as fully and effectually
as the Obligor might or could do; and each Obligor 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.

 

    7

     

    

 

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

 

(c) Obligor
hereby irrevocably appoints the Secured Parties as its attorney-in-fact, with full authority in the place and stead of the Obligor
and in the name of the Obligor, from time to time in the Secured Parties’ discretion, to take any action and to execute any
instrument which the Secured Parties 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 the Obligor where permitted by law.

 

13. Notices.
All notices, requests, demands and other communications hereunder shall be in writing, with copies to all the other parties hereto,
and shall be deemed to have been duly given when (i) if delivered by hand, upon receipt, (ii) if sent by facsimile, upon receipt
of proof of sending thereof, (iii) if sent by nationally recognized overnight delivery service (receipt requested), the next business
day or (iv) if mailed by first-class registered or certified mail, return receipt requested, postage prepaid, four days after posting
in the U.S. mails, in each case if delivered to the following addresses:

 

	If to Obligor:	Telemynd, Inc.
	 	26522 La Alameda, Suite 290
	 	Mission Viejo, CA 92691
	 	Attention:  Patrick Herguth
	 	Email:  patrick@telemynd.com

 

If to Secured Parties:At the address
set forth opposite their name on the signature page

 

14. 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 the Secured Parties 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 Parties’ rights and remedies hereunder.

 

    8

     

    

 

15. Miscellaneous.

 

(a) No
course of dealing between the Obligor and the Secured Parties, nor any failure to exercise, nor any delay in exercising, on the
part of the Secured Parties, any right, power or privilege hereunder or under the Notes 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 Parties with respect to the Collateral, whether established hereby or by the Notes or
by any other agreements, instruments or documents or by law shall be cumulative and may be exercised singly or concurrently.

 

(c) This
Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof and is intended to supersede
all prior negotiations, understandings and agreements with respect thereto. Except as specifically set forth in this Agreement,
no provision of this Agreement may be modified or amended except by a written agreement specifically referring to this Agreement
and signed by the parties hereto.

 

(d) In
the event that any provision of this Agreement is held to be invalid, prohibited or unenforceable in any jurisdiction for any reason,
unless such provision is narrowed by judicial construction, this Agreement shall, as to such jurisdiction, be construed as if such
invalid, prohibited or unenforceable provision had been more narrowly drawn so as not to be invalid, prohibited or unenforceable.
If, notwithstanding the foregoing, any provision of this Agreement is held to be invalid, prohibited or unenforceable in any jurisdiction,
such provision, as to such jurisdiction, shall be ineffective to the extent of such invalidity, prohibition or unenforceability
without invalidating the remaining portion of such provision or the other provisions of this Agreement and without affecting the
validity or enforceability of such provision or the other provisions of this Agreement in any other jurisdiction.

 

(e) No
waiver of any breach or default or any right under this Agreement shall be considered valid unless in writing and signed by the
Parties giving such waiver, and no such waiver shall be deemed a waiver of any subsequent breach or default or right, whether of
the same or similar nature or otherwise.

 

(f) This
Agreement shall be binding upon and inure to the benefit of each Parties hereto and its successors and assigns.

 

(g) Each
Parties 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) This
Agreement shall be construed in accordance with the laws of the State of Delaware except to the extent the validity, perfection
or enforcement of a security interest hereunder in respect of any particular Collateral which are governed by a jurisdiction other
than the State of Delaware in which case such law shall govern. Each of the parties hereto irrevocably submits to the exclusive
jurisdiction of any Delaware State or United States Federal court over any action or proceeding arising out of or relating to this
Agreement, and the parties hereto hereby irrevocably agree that all claims in respect of such action or proceeding may be heard
and determined in such Delaware State or Federal court. The parties hereto agree that a final judgment in any such action or proceeding
shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other inner provided by law. The
parties hereto further waive any objection to venue in the State of Delaware and any objection to an action or proceeding in the
State of Delaware, on the basis of forum non convenient.

 

(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 Parties 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.

 

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

 

    9

     

    

 

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

 

	 	OBLIGOR:
	 	 
	 	TELEMYND, INC.

 

	 	By	 
	 	 	Name:
	 	 	Title:

 

	 	SECURED PARTIES:

 

	 	 
	 	Name:  RSJ Investments SICAV a.s.
	 	Address:

 

	 	 
	 	Name:  John Pappajohn Revocable Trust
	 	Address: 8473 Bay Colony Drive. Unit 1101, Naples, FL 34108

 

	 	 
	 	Name:  Peter Joseph Unanue
	 	Address:  26 Sunden Ct., Old Tappan, NJ 07675

 

	 	 
	 	Name:  Geoffrey Harris
	 	Address:  8 Hartley Farms Road, Morristown, NJ 07960

 

	 	 
	 	Name:  Patrick Herguth
	 	Address:  5 Ford Road, Sudbury, MA 01776

 

    10

     

    

 

SCHEDULE
A

 

Principal Place of Business of the Obligor:

 

California

 

Locations Where Collateral is Located
or Stored:

 

Massachusetts

 

    11

     

    

 

SCHEDULE B

 

Jurisdictions:

 

Delaware

 

    12

     

    

 

Exhibit A

 

Collateral

 

(see attached)

 

    13

     

    

 

Friday, October 25, 2019

 

PEER background + asset summary

 

 

 

		1.	Scientific principle

 

		●	Quantitative EEG (QEEG) detects physiological sensitivity and resistance to psychotropic medication
classes and agents: mechanism has been well established in independent studies, but institutional Psychiatry has yet to embrace
testing as standard of care.

 

		●	Background: Since the 1990s, PEER (also known as rEEG) has been a registry that collects outcomes
of patients on specific medications referenced to known pathophysiology as defined by QEEG. Outcome data and machine learning technologies
accelerate our knowledge of individual patient medication response.

 

		2.	PEER Outcomes Database & Machine Learning Methods

 

		●	Operating platform (see chart):

 

		●	Salesforce (force.com) — CRM, scheduling, production, metrics. This is the basic operating
system for delivering PEER Reports, using force.com as essentially a lab information system, maintained by Ethos. Reports
and dashboards are run within Salesforce, with analytics performed using PowerBI.

 

		●	Excel is used as a fixed, callable database for release 3.0 PEER algorithms and analytics. The
reference database used to produce each PEER Report remains an Excel spreadsheet hosted online by Ethos.

 

		●	EEG/QEEG — Raw EEGs are uploaded, converted and compared to a normative dataset using Neuroguide
from Applied Neuroscience Inc. Data quality is inspected and artifacts are removed using Neuroguide and Persyst.

 

		●	PowerBI — product and research analytics are performed on PEER datasets for current book
of business, clinical studies and updates.

 

		●	MatLab, SK Learn libraries — used for basic algorithm development and independent validation.

 

    1

     

    

 

Friday, October 25, 2019

 

		●	Quality Management System — LogicalDocs houses all quality-related materials, including Quality
Manual, SOPs, training records, and Trial Master Files for clinical studies.

 

		3.	PEER Clinical trials

 

		●	MYND - sponsored randomized clinical trials

 

		-	VA/Sepulveda 2007: demonstrated early separation between rEEG-guided therapy and standard practice.
n = 18, study was halted when Principal Investigator died unexpectedly.

 

		-	Depression Efficacy Pilot 2009: randomized controlled trial comparing rEEG-guided therapy vs TMAP
algorithm (a treatment algorithm popularized by the largest NIMH Depression study, STAR*D). Early statistically significant separation
was achieved at n = 18.

 

		-	Depression Efficacy Study 2011: full randomized controlled trial comparing rEEG vs a modified STAR*D
algorithm, demonstrated statistically significant separation on primary and 9/11 secondary endpoints, n = 114. Publication in Journal
of Psychiatric Research, Jan 2011.

 

		-	Walter Reed Interim and Ongoing. Interim results of randomized controlled trial at n = 150 demonstrated
statistically significant improvement for subjects whose physicians followed PEER (formerly rEEG) vs physicians who did not follow
PEER-recommended therapy. PEER therapies resulted in 144% better improvement in depression scores (QIDS-16) over six months of
care, with 75% lower suicidality and significantly better adherence to treatment visits.
	 	 	 
	 	 	Continuation
of Walter Reed protocol is currently being pursued by Sanford Health and other providers.

 

		-	Canadian Forces & Brockville Prison studies, 2019: Replication study designed for military
population, using Walter Reed protocol. Designed for 150 subjects, interim review by Royal Ottawa Hospital determined statistically
significant improvement in depression and suicidal ideation had been achieved early at n = 30, as reported in January 2019.

 

		-	MHSRS Poster Presentations 2015-2018 (see link) — ongoing research updates have been provided
to US military and JSOC at the annual military health services research symposium.

 

    2

     

    

 

Friday, October 25, 2019

 

		●	Payer analyses:

 

		-	Stanford econometric analysis performed in 2018, which formed the basis of Population Health Management
publication by found:

 

		●	A high level of evidence (LOE 1A) for 4 PEER studies

 

		●	Effect size in PEER studies was significantly higher than pivotal drug studies submitted for FDA
approval

 

		●	Using national claims datasets and published efficacy results from PEER, and assuming a $600 ASP
for PEER, payer net returns for each PEER Report were estimated at 4.7:1 i.e. $4.70 saved for each dollar spent on PEER.

 

		-	United Biosource 2010: evidence at the time of this review was determined to equal or exceed evidence
supporting drug approval.

 

		-	United Health Evidence Review 2011: Optum Behavioral Health technology review determined that PEER
is “not unproven”, with sufficient evidence to be used on a limited basis i.e. to be used by self-insured accounts
on a case by case basis.

 

		●	Independent studies, meta-studies and reviews

 

		-	EMBARC Trial, Trivedi, 2018: the first, large NIMH-sponsored multi-biomarker study finds QEEG features
to be statistically significant predictors of antidepressant response.

 

		-	Widge et al, American Journal of Psychiatry 2018: meta study finding 81 acceptable controlled trials
of QEEG/treatment response prediction, conceding a predictive value of .76 for QEEG biomarkers. Nevertheless, concludes QEEG is
“not ready for prime time” for use on all patients, without further study. Study excludes all PEER studies and EMBARC
results.

 

		4.	Regulatory status/Quality Management Systems

 

		●	Class 1 MDDS — PEER has been registered since October, 2011 as a Class 1 Medical Device Data
System, on the basis of its open registry and publication of drug models/outcomes for physicians to examine with each report.

 

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Friday, October 25, 2019

 

		●	Class II pre-submission package was submitted in 2019 under the FDA’s new Breakthrough Device
program, and is currently under review by CDRH.

 

		●	Emerging regulatory guidance has been drafted by FDA for use of machine learning for “Software
as a Medical Device”, or SAMD. These draft guidelines formalize risk-based requirements for quality and labeling of device
like PEER.

 

		●	Cites/location of records: LogicalDocs (prior versions: AODocs, G-drive)

 

		5.	PEER Intellectual Property

 

		●	Summary of Issued and Provisional Patents:

 

		-	Portfolio I and II: basic process and methods patents covering use of quantitative EEG data with
a reference database to predict treatment response in mental disorders. Both portfolios are linked to the original 2003 issued
Suffin and Emery patent, with patent expirations having begun in 2017 and continuing through 2023. Successfully defended against
Covidian (through acquisition of Aspect Medical) in 2009.

 

		-	Portfolio III extends use of QEEG biomarkers to predict non-response to neuromodulation therapies
such as TMS, an expensive non-pharmacologic treatment which was approved by FDA in 2008 and is now covered by most payers. Issued
in Canada and EU through 2029, pending in the United States.

 

		-	Portfolio IV applies to a combined neuropsychiatric battery of QEEG predictors and Pharmacogenomic
(PGx) analysis, yielding superior response prediction based on better pharmacokinetics (drug metabolism in the liver) and better
pharmacodynamics (medication action in the brain) through PEER-based treatment selection. Pending Office Action.

 

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Friday, October 25, 2019

 

Attachments:

 

Production system - high level resources

 

Canadian Interim analysis 1/19

 

References

 

 

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Friday, October 25, 2019

 

Canadian Forces Interim Analysis, Dr. Vernor
Knott, 1/19

 

 

 

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