Document:

Exhibit 10.13

 

SECURED PROMISSORY NOTE

 

	$250,000	Dated as of June 9, 2014

 

THIS SECURED PROMISSORY
NOTE (this “Note”), is entered into as of this 9th day of June, 2014 by and between Axxess Pharma, Inc.,
a Nevada corporation with a business address of 2681 Eglinton Ave. West, Toronto, ONT M6M-1T8, Canada (“Maker”),
and Beaufort Capital Partners LLC (“Payee”), in light of the following facts and circumstances:

 

WHEREAS, Payee
has agreed to loan to Maker the principal sum described below, in the two tranches of $250,000 as described in Section 3
below, provided that: (i) Maker enters into this Note, and (ii) concurrent with the execution of this Note: Maker executes and
delivers the Stock Pledge Agreement (as defined below).

 

NOW, THEREFORE,
in light of the foregoing, and for other good and valuable consideration, the receipt of which is hereby acknowledged, Maker
and Payee hereby agree as follows:

 

FOR VALUE RECEIVED,
Maker hereby promises to pay to Payee, at 660 White Plains Road, Suite 455, Tarrytown, NY 10591 or at such other place as
may be designated in writing by the holder of this Note, the principal sum of Two Hundred Fifty Thousand Dollars ($250,000) (the
“Principal”), plus interest, as described below.

 

1.          Interest
Rate. The unpaid principal balance of this Note shall bear interest at a rate equal to one percent
(1%) per month that the Note is outstanding, compounded monthly (the “Note Rate”).

 

2.          Payment. Except as described herein, specifically in Section 3 below, Maker shall pay to Payee, on the date that is
six months from the date the Company received the full amount of the Note (the “Maturity Date”), the
principal outstanding balance owing under this Note, together with the interest.

 

3.          Holding
Period and Payee Payment Tranches. The Payee has agreed to provide the Maker with the Principal
in two equal tranches of $125,000. The holding period of this Note, for tacking reasons and in relation to the Stock Pledge
Agreement, shall begin on the delivery by the Payee of the second $125,000 tranche. Notwithstanding the above, in the event
the Payee has not provided the second tranche within thirty (30) days of the date hereof, (i) the second tranche shall not be
paid by the Payee, (ii) the term “Principal,” as used herein, shall become $125,000,
(iii) the holding period of this Note, for tacking reasons and in
relation to the Stock Pledge Agreement, shall begin on the date hereof and (iv) the term “Maturity Date,” as used
herein shall mean six months from the date hereof..

 

4.          Late Charges. In the event that payment is not received within thirty (30) days of the Maturity Date, then in addition
to any default interest payments due hereunder, Maker shall also pay within five (5) days a late charge in an amount equal to two
percent (2%) of the amount of such overdue payment.

 

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5.          Default
Interest Rate. So long as any Event of Default exists hereunder, regardless of whether or not there has been an
acceleration of the indebtedness evidenced hereby, and at all times after maturity of the indebtedness evidenced hereby (whether
by acceleration or otherwise), interest shall accrue on the outstanding principal balance of this Note at a rate equal to ten percent
(10%) per annum, or if such increased rate of interest may not be contracted for, charged, or collected under applicable law, then
at the maximum rate of interest, if any, which may be collected from Maker under applicable law (the “Default Interest
Rate”), and such default interest shall be immediately due and payable. Default interest chargeable hereunder shall
be calculated on the basis of three hundred sixty (360) day year for the actual number of days elapsed. Interest not paid when
due with respect to any obligation evidenced hereby shall be added to the unpaid principal balance owing under this Note and shall
thereafter bear interest at the same rate applicable to the unpaid principal balance of this Note.

 

6.          Maker’s
Agreements. Maker hereby acknowledges that it would be extremely difficult or impracticable to determine
Payee’s actual damages resulting from any late payment or default, and such late charges and default interest are reasonable
estimates of those damages and do not constitute a penalty. The remedies of Payee in this Note or in any document entered into
in connection with this Note, or at law or in equity, shall be cumulative and concurrent, and may be pursued singly, successively
or together, in Payee’s discretion.

 

7.          Voluntary
Prepayment. Maker may, at any time, prepay the obligations evidenced by this Note, including the interest.

 

8.          Lawful
Money. All principal and interest due hereunder is payable in lawful money of the United States of
America, in immediately available funds.

 

9.          Waivers. Maker, for itself and its legal representatives, heirs, successors, and assigns, expressly waives presentment,
protest, demand, notice of dishonor, notice of nonpayment, notice of maturity, notice of protest, notice of intent to accelerate,
notice of acceleration, presentment for the purpose of accelerating maturity, and diligence in collection.

 

10.         EVENT
OF DEFAULT; SECURITY INTERESTS; GUARANTIES; RECONVEYANCE OF DEED OF TRUST. 

 

A.           Event of default.
The following events shall constitute and be referred to herein as an “Event of Default”:

 

(i)          the
failure of Maker to make the payments owing under this Note in a timely manner; or

 

(ii)          the initiation of bankruptcy proceedings by
Maker.

 

Upon an Event of Default, the unpaid principal
balance of this Note shall be due and payable immediately, at Payee’s option, without presentment, demand, protest, or notice
of protest, of any kind, all of which are hereby expressly waived.

 

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B.          Security Interests.
It is agreed that this Note is secured by that certain Stock Pledge Agreement dated of even date herewith by and among Maker and
the named executives and officers of Maker thereunder in favor of Payee (the “Stock Pledge Agreement”).
Concurrent with the execution of this Note, Maker will execute and cause the execution and delivery of the Security Agreement.

 

11.          WAIVERS.
Maker hereby waives any right to assert against Payee any defense (legal or equitable), set off, counterclaim, or
claims which Maker individually may now or any time hereafter have against any other party liable to Payee in any manner or way
whatsoever.

 

12.          No Implied
Waivers. No act, failure, or delay by Payee shall constitute a waiver of any of Payee’s rights
and remedies. No single or partial waiver by Payee of any provision of this Note, or of a breach or default hereunder or thereunder,
or of any right or remedy which Payee may have, shall operate as a waiver of any other provision, breach, default, right, or remedy
or of the same provision, breach, default, right, or remedy on a future occasion. No waiver by Payee shall affect Payee’s
rights to require strict performance of this Note.

 

13.          BUSINESS
PURPOSE. MAKER HEREBY ACKNOWLEDGES AND AGREES THAT THE PROCEEDS OF THE LOAN EVIDENCED BY THIS NOTE WERE NOT USED FOR
PERSONAL, FAMILY OR HOUSEHOLD PURPOSES. 

 

14.          Attorneys’
Fees. In the event it should become necessary to employ counsel to construe or enforce this Note,
Maker agrees to pay the reasonable attorneys' fees and costs of the Payee, irrespective of whether suit is brought, including,
without limitation, any and all pre-judgment and post-judgment attorneys' fees and costs incurred (including, without limitation,
fees and costs incurred in connection with any matter arising under Title 11 of the United States Code). In addition, Maker agrees
to pay for all of Payee’s other out-of-pocket costs incurred in connection with the enforcement of this Note, including,
without limitation, all of Payee’s reasonable consultants’ fees, appraisers’ fees, accountants’ fees, and
trustee’s fees.

 

15.          Lawful
Rate. Notwithstanding anything to the contrary contained in this Note, Maker shall not be obligated
to pay, and the holder hereof shall not be entitled to charge, collect, receive, reserve, or take interest (“interest”
being defined, for purposes of this paragraph, as the aggregate of all charges which constitute interest under applicable law that
are contracted for, charged, reserved, received, or paid under this Note) in excess of the maximum rate allowed by applicable law.
During any period of time in which the interest rate specified herein exceeds such maximum rate, interest shall accrue and be payable
at such maximum rate. For purposes of this Note, the term “applicable law” shall mean that law in effect from time
to time and applicable to the transaction between Maker and the holder of this Note which lawfully permits the charging and collection
of the highest permissible, lawful, non-usurious rate of interest on such transaction and this Note, including laws of the State
of New York and, to the extent controlling, laws of the United States of America.

 

16.          Section
Headings. Headings and numbers have been set forth for convenience only. Unless the contrary is compelled
by the context, everything contained in each paragraph applies equally to this entire Note.

 

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17.         Amendments
in Writing; Counterparts. This Note may not be changed, modified, amended, or terminated except in a writing signed
by Maker and Payee. This Note may be executed in any number of counterparts and by different parties on separate counterparts,
each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute
but one and the same Note.

 

17.         CHOICE OF
LAW AND VENUE. THIS NOTE SHALL BE DEEMED TO HAVE BEEN MADE IN THE STATE OF NEW YORK AND THE VALIDITY OF THIS AGREEMENT, ITS
CONSTRUCTION, INTERPRETATION AND ENFORCEMENT, AND THE RIGHTS OF THE PARTIES HEREUNDER. THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS
ARISING IN CONNECTION WITH THIS AGREEMENT SHALL BE TRIED AND LITIGATED ONLY IN THE STATE AND FEDERAL COURTS LOCATED IN THE COUNTY
OF NEW YORK, STATE OF NEW YORK. MAKER WAIVES ANY RIGHT IT MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO
OBJECT TO SUCH VENUE AND HEREBY CONSENTS TO ANY COURT ORDERED RELIEF.

 

Signature page follows

 

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IN WITNESS WHEREOF, Maker and Payee have
each executed this Note effective as of the amended and restated date first written above.

 

	 	 	“Maker”	 
	 	 	 	 
	 	 	AXXESS PHARMA, INC.	 

 

	 	By:	/s/ Daniel Bagi, M.D.	 
	 	Name:	Daniel Bagi, M.D.	 
	 	Title:	Chief Executive Officer	 

 

	 	 	“Payee”	 
	 	 	 	 
	 	 	BEAUFORT CAPITAL PARTNERS LLC	 

 

	 	By:	/s/ Leib Schaeffer	 
	 	Name:	Leib Schaeffer	 
	 	Title:	Managing Member	 

 

    	Page 5 of 5Exhibit 10.14

 

 

STOCK PLEDGE AGREEMENT

 

 

This STOCK PLEDGE AGREEMENT, dated as of
June 9, 2014 (as amended, supplemented or otherwise modified from time to time in accordance with the provisions hereof, this “Agreement”),
made by and among Axxess Pharma, Inc., a Nevada corporation (the “Borrower”), the undersigned parties as named
on Schedule 1 hereto (collectively, the “Pledgor”), in favor of Beaufort Capital Partners LLC, (the “Secured
Party”).

 

WHEREAS, on the date hereof, the Secured
Party has made and may make loans to the Borrower in an aggregate unpaid principal amount of $250,000 (the “Loans”),
evidenced by that certain secured promissory note of even date herewith (as amended, supplemented or otherwise modified from time
to time, the “Loan Agreement”) made by the Borrower and payable to the order of the Secured Party. Capitalized
terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Loan Agreement.

 

WHEREAS, this Agreement is given by the
Pledgor in favor of the Secured Party to secure the payment and performance of all of the Secured Obligations; and

 

WHEREAS, it is a condition to the obligations
of the Secured Party to make the Loans under the Loan Agreement that the Pledgor and the Borrower execute and deliver this Agreement.

 

NOW, THEREFORE, in consideration
of the mutual covenants, terms and conditions set forth herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows: 

 

		1.	Definitions

 

(a)Unless
otherwise specified herein, all references to Sections and Schedules herein are to Sections and Schedules of this Agreement.

 

(b)Unless
otherwise defined herein, terms used herein that are defined in the UCC shall have the meanings assigned to them in the UCC. However,
if a term is defined in Article 9 of the UCC differently than in another Article of the UCC, the term has the meaning specified
in Article 9.

 

		(c)	For purposes of this Agreement, the following terms shall have the following meanings:

 

“Average Daily Trading Volume”
means the average trading volume of the common stock of the Borrower of the ten Trading Days prior to the date of an
Event of Default under the Loan Agreement.

 

“Closing Price” means
on any given Trading Day, the closing price (as reported by a direct feed service) of the common stock of the Borrower on
the Principal Market or, if the Common Stock is not traded on a Principal Market, the highest reported closing price for the common
stock of the Borrower, as made available through FINRA.

 

“Collateral” has the meaning set forth in
Section 2.

 

“Event of Default” has the meaning set forth
in the Loan Agreement.

 

“Maturity Date” has the meaning set forth
in the Loan Agreement.

 

“Pledged Shares” means
the shares of stock described in Schedule 1 hereto and issued by the Borrower to the Pledgor, as potentially adjusted by
the “ratchet” provisions included in Schedule 1 and the adjustment in the amount of the Loans, as described in Schedule
1, and the certificates, instruments and agreements representing the Pledged Shares and includes any securities or other interests,
howsoever evidenced or denominated, received by the Pledgor in exchange for or as a dividend or distribution on or otherwise received
in respect of the Pledged Shares.

 

“Principal Market”
means as of any given date, whichever of the New York Stock Exchange, the Nasdaq Global Select Market, the Nasdaq Global
Market, the Nasdaq Capital Market, the American Stock Exchange, the OTCBB, the OTCQB, or the OTCPink is at the time the principal trading exchange or
market for the common stock of the Borrower.

 

    	 

    	 

    

  

“Proceeds” means
“proceeds” as such term is defined in Section 9-102 of the UCC and, in any event, shall include, without
limitation, all dividends or other income from the Pledged Shares, collections thereon or distributions with respect thereto.

 

“Secured Obligations” has the meaning set
forth in Section 3.

 

“Trading Day” shall mean any day during which
the New York Stock Exchange shall be open for business.

 

“UCC” means
the Uniform Commercial Code as in effect from time to time in the State of New York or, when the laws of any other state
govern the method or manner of the perfection or enforcement of any security interest in any of the Collateral, the Uniform Commercial
Code as in effect from time to time in such state.

 

 2.      Pledge The Pledgor hereby pledges, assigns and grants to the Secured Party, and hereby creates a continuing first priority lien and security interest in favor of the Secured Party in and to all of its right, title and interest in and to the Pledged Shares, wherever located, whether now existing or hereafter from time to time arising or acquired (collectively, the “Collateral”).

 

 

		3.	Secured Obligations The Collateral secures the due and prompt payment and performance
                                                           of: 

 

(a)the
obligations of the Borrower and/or the Pledgor from time to time arising under the Loan Agreement, this Agreement or otherwise
with respect to the due and prompt payment of (i) the principal of, and interest on the Loans (including interest accruing during
the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable
in such proceeding), when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise
and (ii) all other monetary obligations, including fees, costs, attorneys’ fees and disbursements, reimbursement obligations,
contract causes of action, expenses and indemnities, whether primary, secondary, direct or indirect, absolute or contingent, due
or to become due, now existing or hereafter arising, fixed or otherwise (including monetary obligations incurred during the pendency
of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding),
of the Borrower and/or the Pledgor under or in respect of the Loan Agreement and this Agreement; and

 

(b)all
other covenants, duties, debts, obligations and liabilities of any kind of the Borrower and/or the Pledgor under or in respect
of the Loan Agreement, this Agreement or any other document made, delivered or given in connection with any of the foregoing, in
each case whether evidenced by a note or other writing, whether allowed in any bankruptcy, insolvency, receivership or other similar
proceeding, whether arising from an extension of credit, issuance of a letter of credit, acceptance, loan, guaranty, indemnification
or otherwise, and whether primary, secondary, direct or indirect, absolute or contingent, due or to become due, now existing or
hereafter arising, fixed or otherwise (all such obligations, covenants, duties, debts, liabilities, sums and expenses set forth
in Section 3 being herein collectively called the ”Secured Obligations”). 

 

		4.	Perfection of Pledge

 

(a)The
Pledgor and the Borrower shall, from time to time, as may be required by the Secured Party with respect to all Collateral, immediately
take all actions as may be requested by the Secured Party to perfect the security interest of the Secured Party in the Collateral,
including, without limitation, with respect to all Collateral over which control may be obtained within the meaning of Section
8-106 of the UCC, the Pledgor and the Borrower shall immediately take all actions as may be requested from time to time by the
Secured Party so that control of such Collateral is obtained and at all times held by the Secured Party. Such perfection may be
achieved by the taking of possession of the Pledged Shares by the Secured Party. All of the foregoing shall be at the sole cost
and expense of the Borrower.

 

(b)The
Pledgor and the Borrower, as applicable, hereby irrevocably authorizes the Secured Party at any time and from time to time to file
in any relevant jurisdiction any financing statements and amendments thereto that contain the information required by Article 9
of the UCC of each applicable jurisdiction for the filing of any financing statement or amendment relating to the Collateral, without
the signature of the Pledgor where permitted by law. The Pledgor and the Borrower agrees to provide all information required by
the Secured Party pursuant to this Section promptly to the Secured Party upon request.

 

    	 

    	 

    

 

		5.	Representations and Warranties The Pledgor and the Borrower, as applicable, represent
                                                           and warrant as follows: 

 

(a)The
Pledged Shares have been duly authorized and validly issued, and are fully paid and non-assessable and subject to no options to
purchase or similar rights. All information set forth in Schedule 1 relating to the Pledged Shares is accurate and complete.

 

(b)At
the time the Collateral becomes subject to the lien and security interest created by this Agreement, the Pledgor will be the sole,
direct, legal and beneficial owner thereof, free and clear of any lien, security interest, encumbrance, claim, option or right
of others except for the security interest created by this Agreement.

 

(c)The
pledge of the Collateral pursuant to this Agreement creates a valid and perfected first priority security interest in the Collateral,
securing the payment and performance when due of the Secured Obligations.

 

(d)The
Borrower has full power, authority and legal right to borrow the Loans and the Pledgor has full power, authority and legal right
to pledge the Collateral pursuant to this Agreement.

 

(e)Each
of this Agreement and the Loan Agreement has been duly authorized, executed and delivered by the Borrower and the Pledgor and constitutes
a legal, valid and binding obligation of the Borrower and the Pledgor enforceable in accordance with its terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject
to equitable principles (regardless of whether enforcement is sought in equity or at law).

 

(f)No
authorization, approval, or other action by, and no notice to or filing with, any governmental authority, regulatory body or any
other entity is required for the borrowing of the Loans and the pledge by the Pledgor of the Collateral pursuant to this Agreement
or for the execution and delivery of the Loan Agreement and this Agreement by the Borrower and the Pledgor or the performance by
the Borrower and/or Pledgor of its respective obligations thereunder and hereunder.

 

(g)The
execution and delivery of the Loan Agreement and this Agreement by the Borrower and the Pledgor and the performance by the Borrower
and the Pledgor of their respective obligations thereunder, will not violate any provision of any applicable law or regulation
or any order, judgment, writ, award or decree of any court, arbitrator or governmental authority, domestic or foreign, applicable
to the Borrower or the Pledgor, as applicable, or any of their respective property, or the organizational or governing documents
of the Borrower or any agreement or instrument to which the Borrower or the Pledgor is party or by which it or its property is
bound.

 

(h)The
Pledgor has taken all action required on its part for control (as defined in Section 8-106 of the UCC) to have been obtained by
the Secured Party over all Collateral with respect to which such control may be obtained pursuant to the UCC. No person other than
the Secured Party has control or possession of all or any part of the Collateral. Without limiting the foregoing, all certificates,
agreements or instruments representing or evidencing the Pledged Shares in existence on the date hereof have been delivered to
the Secured Party in suitable form for transfer by delivery or accompanied by duly executed instruments of transfer or assignment
in blank.

 

		6.	Dividends and Voting Rights

 

(a)The
Secured Party agrees that unless an Event of Default shall have occurred and be continuing, the Pledgor may, to the extent the
Pledgor has such right as a holder of the Pledged Shares, vote and give consents, ratifications and waivers with respect thereto,
except to the extent that, in the Secured Party’s reasonable judgment, any such vote, consent, ratification or waiver would
detract from the value thereof as Collateral or which would be inconsistent with or result in any violation of any provision of
the Loan Agreement or this Agreement.

 

(b)The
Secured Party agrees that the Pledgor may, unless an Event of Default shall have occurred and be continuing, receive and retain
all cash dividends and other distributions with respect to the Pledged Shares.

 

		7.	Further Assurances

 

(a)The
Pledgor shall, at its own cost and expense, defend title to the Collateral and the first priority lien and security interest of
the Secured Party therein against the claim of any person claiming against or through the Pledgor and shall maintain and preserve
such perfected first priority security interest for so long as this Agreement shall remain in effect.

 

(b)The
Pledgor agrees that at any time and from time to time, at the expense of the Pledgor, the Pledgor will promptly execute and
deliver all further instruments and documents, obtain such agreements from third parties, and take all further action, that
may be necessary or desirable, or that the Secured Party may reasonably request, in order to perfect and protect any security
interest granted hereby or to enable the Secured Party to exercise and enforce its rights and remedies hereunder or under any
other agreement with respect to any Collateral.

 

(c)The
Pledgor will not, without providing at least 30 days’ prior written notice to the Secured Party, change its legal name
or identity. The Pledgor will, prior to any change described in the preceding sentence, take all actions reasonably requested
by the Secured Party to maintain the perfection and priority of the Secured Party’s security interest in the
Collateral.

 

    	 

    	 

    

 

8.      Transfers
and Other Liens The Pledgor agrees that it will not sell, offer to sell, dispose of, convey, assign or otherwise transfer,
grant any option with respect to, restrict, or grant, create, permit or suffer to exist any mortgage, pledge, lien, security
interest, option, right of first offer, encumbrance or other restriction or limitation of any nature whatsoever on, any of
the Collateral or any interest therein except as expressly provided for herein or with the prior written consent of the
Secured Party.

 

9.      Secured
Party Appointed Attorney-in-Fact The Pledgor hereby appoints the Secured Party the Pledgor’s attorney-in-fact, with
full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time during
the continuance of an Event of Default in the Secured Party’s discretion to take any action and to execute any
instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including,
without limitation, to receive, endorse and collect all instruments made payable to the Pledgor representing any dividend,
interest payment or other distribution in respect of the Collateral or any part thereof and to give full discharge for the
same (but the Secured Party shall not be obligated to and shall have no liability to the Pledgor or any third party for
failure to do so or take action). Such appointment, being coupled with an interest, shall be irrevocable. The Pledgor hereby
ratifies all that said attorneys-in-fact shall lawfully do or cause to be done by virtue hereof.

 

10.     Secured
Party May Perform If the Pledgor fails to perform any obligation contained in this Agreement, the Secured Party may
itself perform, or cause performance of, such obligation, and the expenses of the Secured Party incurred in connection
therewith shall be payable by the Pledgor; provided that the Secured Party shall not be required to perform or
discharge any obligation of the Pledgor.

 

11.     Reasonable
Care The Secured Party shall have no duty with respect to the care and preservation of the Collateral beyond the
exercise of reasonable care, and as further described below. The Secured Party shall be deemed to have exercised reasonable
care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment
substantially equal to that which the Secured Party accords its own property, it being understood that the Secured Party
shall not have any responsibility for (a) ascertaining or taking action with respect to calls, conversions, exchanges,
maturities, tenders or other matters relative to any Collateral, whether or not the Secured Party has or is deemed to have
knowledge of such matters, or (b) taking any necessary steps to preserve rights against any parties with respect to any
Collateral. Nothing set forth in this Agreement, nor the exercise by the Secured Party of any of the rights and remedies
hereunder, shall relieve the Pledgor from the performance of any obligation on the Pledgor’s part to be performed or
observed in respect of any of the Collateral.

 

		12.	Remedies Upon Default If any Event of Default shall have occurred and be
                                                            continuing: 

 

(a)The
Secured Party may, without any other notice to or demand upon the Pledgor, assert all rights and remedies of a secured party
under the UCC or other applicable law, including, without limitation, the right to take possession of, hold, collect, sell,
lease, deliver, grant options to purchase or otherwise retain, liquidate or dispose of all or any portion of the Collateral.
If notice prior to disposition of the Collateral or any portion thereof is necessary under applicable law, written notice
mailed to the Pledgor at its notice address as provided in Section 16 hereof ten days prior to the date of such disposition
shall constitute reasonable notice, but notice given in any other reasonable manner shall be sufficient. So long as the sale
of the Collateral is made in a commercially reasonable manner and in accordance with Section 13 below, the Secured Party may
sell such Collateral on such terms and to such purchaser(s) as the Secured Party in its absolute discretion may choose,
without assuming any credit risk and without any obligation to advertise or give notice of any kind other than that necessary
under applicable law. Without precluding any other methods of sale, the sale of the Collateral or any portion thereof shall
have been made in a commercially reasonable manner if conducted in conformity with reasonable commercial practices of
creditors disposing of similar property. At any sale of the Collateral, if permitted by applicable law, the Secured Party may
be the purchaser, licensee, assignee or recipient of the Collateral or any part thereof and shall be entitled, for the
purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold,
assigned or licensed at such sale, to use and apply any of the Secured Obligations as a credit on account of the purchase
price of the Collateral or any part thereof payable at such sale. To the extent permitted by applicable law, the Pledgor
waives all claims, damages and demands it may acquire against the Secured Party arising out of the exercise by it of any
rights hereunder. The Pledgor hereby waives and releases to the fullest extent permitted by law any right or equity of
redemption with respect to the Collateral, whether before or after sale hereunder, and all rights, if any, of marshalling the
Collateral and any other security for the Secured Obligations or otherwise. At any such sale, unless prohibited by applicable
law, the Secured Party or any custodian may bid for and purchase all or any part of the Collateral so sold free from any such
right or equity of redemption. Neither the Secured Party nor any custodian shall be liable for failure to collect or realize
upon any or all of the Collateral or for any delay in so doing, nor shall it be under any obligation to take any
action whatsoever with regard thereto. The Secured Party shall not be obligated to clean-up or otherwise prepare the
Collateral for sale.

 

(d)If
the Secured Party shall determine to exercise its rights to sell all or any of the Collateral pursuant to this Section, the Pledgor
agrees that, upon request of the Secured Party, the Pledgor will, at its own expense, do or cause to be done all such acts and
things as may be necessary to make such sale of the Collateral or any part thereof valid and binding and in compliance with applicable
law.

 

    	 

    	 

    

 

13.     Volume Limitation Following
an Event of Default and the transfer of the Pledged Shares to the Secured Party, the Secured Party shall limit its daily
sales of the Pledged Shares into the Principal Market to five percent (5%) of the Average Daily Trading Volume.

 

14.    No
Waiver and Cumulative Remedies The Secured Party shall not by any act (except by a written instrument pursuant to
Section 15), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have
acquiesced in any Event of Default. All rights and remedies herein provided are cumulative and are not exclusive of any
rights or remedies provided by law.

 

15.    Security
Interest Absolute The Pledgor hereby waives demand, notice, protest, notice of acceptance of this Agreement, notice
of loans made, credit extended, Collateral received or delivered or other action taken in reliance hereon and all other
demands and notices of any description. All rights of the Secured Party and liens and security interests hereunder, and all
Secured Obligations of the Pledgor hereunder, shall be absolute and unconditional irrespective of:

 

		(a)	any illegality or lack of validity or enforceability of any Secured Obligation or any related agreement
or instrument;

 

		(b)	(Reserved);

 

(c)any
taking, exchange, substitution, release, impairment or non-perfection of any Collateral, or any taking, release, impairment, amendment,
waiver or other modification of any guaranty, for all or any of the Secured Obligations;

 

		(d)	(Reserved);

 

		(e)	any default, failure or delay, wilful or otherwise, in the performance of the Secured Obligations;

 

(f)any
defense, set-off or counterclaim (other than a defense of payment or performance) that may at any time be available to, or be asserted
by, the Pledgor against the Secured Party; or

 

(g)any
other circumstance (including, without limitation, any statute of limitations) or manner of administering the Loans or any existence
of or reliance on any representation by the Secured Party that might vary the risk of the Pledgor or otherwise operate as a defense
available to, or a legal or equitable discharge of, the Pledgor or any other grantor, guarantor or surety.

 

16.    Amendments None of the terms
or provisions of this Agreement may be amended, modified, supplemented, terminated or waived, and no consent to any departure
by the Pledgor therefrom shall be effective unless the same shall be in writing and signed by the Secured Party and the Pledgor,
and then such amendment, modification, supplement, waiver or consent shall be effective only in the specific instance and for the
specific purpose for which made or given.

 

17.    Addresses For Notices All
notices and other communications provided for in this Agreement shall be in writing and shall be given in the manner and
become effective as set forth in the Loan Agreement, and addressed to the respective parties at their addresses as specified on
the signature pages hereof or as to either party at such other address as shall be designated by such party in a written notice
to each other party.

 

18.    Continuing
Security Interest; Further Actions This Agreement shall create a continuing first priority lien and security interest
in the Collateral and shall (a) subject to Section 19, remain in full force and effect until payment and performance in full
of the Secured Obligations, (b) be binding upon the Pledgor, its successors and assigns, and (c) inure to the benefit of the
Secured Party and its successors, transferees and assigns; provided that the Pledgor may not assign or otherwise
transfer any of its rights or obligations under this Agreement without the prior written consent of the Secured Party.

 

    	 

    	 

    

 

19.    Termination;
Release On the date on which all Loans and other Secured Obligations have been paid and performed in full, the Secured
Party will, at the request and sole expense of the Pledgor, (a) duly assign, transfer and deliver to or at the direction of the
Pledgor (without recourse and without any representation or warranty) such of the Collateral as may then remain in the possession
of the Secured Party, together with any monies at the time held by the Secured Party hereunder, and (b) execute and deliver to
the Pledgor a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement.

 

20.    GOVERNING LAW This Agreement
and the Loan Agreement and any claim, controversy, dispute or cause of action (whether in contract or tort or otherwise)
based upon, arising out of or relating to this Agreement or the Loan Agreement (except, as to the Loan Agreement, as expressly
set forth therein) and the transactions contemplated hereby and thereby shall be governed by, and construed in accordance with,
the laws of the State of New York.

 

21.    Counterparts This Agreement
and any amendments, waivers, consents or supplements hereto may be executed in counterparts (and by different parties hereto
in different counterparts), each of which shall constitute an original, but all taken together shall constitute a single contract.
Delivery of an executed counterpart of a signature page to this Agreement by facsimile or in electronic (i.e., “pdf”
or “tif”) format shall be effective as delivery of a manually executed counterpart of this Agreement. This Agreement
and the Loan Agreement constitute the entire contract among the parties with respect to the subject matter hereof and supersede
all previous agreements and understandings, oral or written, with respect thereto.

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the date first above written.

 

 

	 	Axxess Pharma, Inc., as Borrower
	 	 
	 	 
	 	By:	/s/ Peter Daniel Bagi
	 	Name: Peter Daniel Bagi
	 	Title: Chief Executive Officer
	 	Address for Notices:

   

    	 

    	 

    

 

	 	Peter Daniel Bagi, as Pledgor
	 	 
	 	 
	 	/s/
                                         Peter Daniel Bagi

	 	 
	 	Address for Notices:
	 	 
	 	 
	 	 
	 	Beaufort Capital Partners
    LLC, as Secured Party
	 	 
	 	 
	 	By	/s/ Leib
    Schaeffer	 
	 	Name:	Leib Schaeffer
	 	Title: 	Managing Member
	 	 
	 	Address for Notices:
	 	Beaufort Capital Partners LLC
	 	660 White Plains Road, Suite 455
	 	Tarrytown, NY 10591

 

    	 

    	 

    

 

SCHEDULE 1

 

  PLEDGED SHARES

 

	Pledgor	Pledged Shares*
	 	 
	Daniel Bagi	2,000,000

 

 

	Total
    Pledged Shares*#:	2,000,000

 

*In the event the Closing Price decreases by fifty percent
(50%) or more from the date hereof to the date of an Event of Default, the Pledged Shares shall be increased as follows:

 

		i.	A 50% to 60% decrease in Closing Price shall increase the Pledged Shares (pro rata by Pledgor)
by 10%.

 

		ii.	A 60% to 70% decrease in Closing Price shall increase the Pledged Shares (pro rata by Pledgor)
by 20%.

 

		iii.	A 70% to 80% decrease in Closing Price shall increase the Pledged Shares (pro rata by Pledgor)
by 30%.

 

		iv.	An 80% to 90% decrease in Closing Price shall increase the Pledged Shares (pro rata by Pledgor)
by 40%.

 

		v.	A 90% to 100% decrease in Closing Price shall increase the Pledged Shares (pro rata by Pledgor)
by 50%.

  

# In the event only one $125,000 tranche of the Loans
is delivered to the Borrower by the Secured Party on or before the Maturity Date, then the Pledged Shares shall be reduced by one-half
(1/2).

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