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SECURITY
AGREEMENT

 

THIS
SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”)
dated as of September 24, 2018 between OncBioMune Pharmaceuticals, Inc., a Nevada corporation (“OBMP”) and OncBioMune,
Inc., a Louisiana corporation (the “Subsidiary”) (the Subsidiary, together with each other Person who becomes a party
to this Agreement by execution of a joinder in the form of Exhibit A attached hereto, which shall include all wholly-owned
or majority-owned subsidiaries of OBMP acquired after the date hereof for so long as this Agreement remains in effect, are hereinafter
sometimes referred to individually as a “Debtor” and, collectively, as the “Debtors”) and Cavalry Fund
I LP, a Delaware limited partnership, in its capacity as Collateral Agent for the benefit of itself and each of the Purchasers
(as hereinafter defined) (together with their successors and assigns, the “Secured Parties”).

 

W
I T N E S S E T H:

 

WHEREAS,
the Purchasers from time to time parties to the Purchase Agreements (as hereafter defined) (each a “Purchaser”, and
together with their successors and assigns and each other purchaser of a Note (as defined below) and their respective successors
and assigns, individually and collectively, the “Purchasers”), pursuant to which such Purchasers will purchase from
OBMP certain senior secured notes each made by OBMP and dated as of the date hereof in an original aggregate principal amount
of $1,361,111.11 and consideration paid of $1,225,000 at Closing Date (all such notes, together with any promissory notes or other
securities issued in exchange or substitution therefor or replacement thereof, and as any of the same may be amended, supplemented,
restated or modified and in effect from time to time, the “Notes”);

 

AND
WHEREAS, the Notes are being acquired by Purchasers, and Purchasers have made certain financial accommodations to OBMP pursuant
to certain Purchase Agreements, dated as of the date hereof among OBMP, the Secured Party and Purchasers (as the same may be amended,
restated, supplemented or otherwise modified from time to time, the “Purchase Agreements”). Capitalized terms used
herein but not otherwise defined shall have the meanings set forth in the Purchase Agreements;

 

AND
WHEREAS, each Debtor will derive substantial benefit and advantage from the financial accommodations to OBMP set forth in the
Purchase Agreements and the Notes, and it will be to each such Debtor’s direct interest and economic benefit to assist OBMP
in procuring said financial accommodations from Purchasers;

 

AND
WHEREAS, to induce Purchasers to enter into the Purchase Agreements and purchase the Notes, (i) each Debtor (other than OBMP)
will guaranty the Obligations (as hereinafter defined) of OBMP pursuant to the terms of one or more guaranties by each such Debtor
in favor of Secured Party (on its behalf and on behalf of the Purchasers) (such guaranties, as amended, restated, modified or
supplemented and in effect from time to time, individually and collectively, the “Subsidiary Guaranty”) and (ii) each
Debtor will pledge and grant a security interest in all of its right, title and interest in and to the Collateral (as hereinafter
defined) as security for its Obligations for the benefit of the Secured Party, Purchasers and their respective successors and
assigns.

 

    	 	 	 

    	 

    

 

NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

 

Section
1. Definitions. Capitalized terms used
herein without definition and defined in the Purchase Agreement are used herein as defined therein. In addition, as used herein:

 

“Accounts”
means any “account,” as such term is defined in the UCC, and, in any event, shall include, without limitation, “supporting
obligations” as defined in the UCC.

 

“Chattel
Paper” means any “chattel paper,” as such term is defined in the UCC.

 

“Collateral”
shall have the meaning ascribed thereto in Section 3 hereof.

 

“Commercial
Tort Claims” means “commercial tort claims”, as such term is defined in the UCC.

 

“Contracts”
means all contracts, undertakings, or other agreements (other than rights evidenced by Chattel Paper, Documents or Instruments)
in or under which a Debtor may now or hereafter have any right, title or interest, including, without limitation, with respect
to an Account, any agreement relating to the terms of payment or the terms of performance thereof.

 

“Copyrights”
means any copyrights, rights and interests in copyrights, works protectable by copyrights, copyright registrations and copyright
applications, including, without limitation, the copyright registrations and applications listed on Schedule III attached
hereto (if any), and all renewals of any of the foregoing, all income, royalties, damages and payments now and hereafter due and/or
payable under or with respect to any of the foregoing, including, without limitation, damages and payments for past, present and
future infringements of any of the foregoing and the right to sue for past, present and future infringements of any of the foregoing.

 

“Deposit
Accounts” means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name
of a Debtor.

 

“Documents”
means any “documents,” as such term is defined in the UCC, and shall include, without limitation, all documents of
title (as defined in the UCC), bills of lading or other receipts evidencing or representing Inventory or Equipment.

 

“Equipment”
means any “equipment,” as such term is defined in the UCC and, in any event, shall include, Motor Vehicles.

 

“Event
of Default” shall have the meaning set forth in the Notes.

 

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“Excluded
Assets” means each of the following: (1) any lease, license or other agreement or any property subject to a capital lease,
purchase money security interest or similar arrangement, to the extent that a grant of a Lien thereon in favor of Secured Party
would violate or invalidate such lease, license, agreement or capital lease, purchase money security interest or similar arrangement
or create a right of termination in favor of any other party thereto (other than the Debtors), so long as such provision exists
and so long as such lease, license or agreement was not entered into in contemplation of circumventing the obligation to provide
Collateral hereunder or in violation of the Purchase Agreement, other than to the extent that any such term would be rendered
ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant
jurisdiction or any other applicable law including the bankruptcy code, or principles of equity.

 

“General
Intangibles” means any “general intangibles,” as such term is defined in the UCC, and, in any event, shall include,
without limitation, all right, title and interest in or under any Contract, models, drawings, materials and records, claims, literary
rights, goodwill, rights of performance, Copyrights, Trademarks, Patents, warranties, rights under insurance policies and rights
of indemnification.

 

“Goods”
means any “goods”, as such term is defined in the UCC, including, without limitation, fixtures and embedded Software
to the extent included in “goods” as defined in the UCC.

 

“Governmental
Authority” means the government of the United States of America or any other nation, or any political subdivision thereof,
whether state or local, or any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administration powers or functions of or pertaining to government over
any Debtor or any of its subsidiaries, or any of their respective properties, assets or undertakings.

 

“Instruments”
means any “instrument,” as such term is defined in the UCC, and shall include, without limitation, promissory notes,
drafts, bills of exchange, trade acceptances, letters of credit, letter of credit rights (as defined in the UCC), and Chattel
Paper.

 

“Inventory”
means any “inventory,” as such term is defined in the UCC.

 

“Investment
Property” means any “investment property”, as such term is defined in the UCC.

 

“Obligations”
means all obligations, liabilities and indebtedness of every nature of Debtors from time to time owed or owing under or in respect
of this Agreement, the Notes, the Pledge Agreement, the Subsidiary Guaranty, and any of the other Security Documents, as the case
may be, including, without limitation, the principal amount of all debts, claims and indebtedness, accrued and unpaid interest
and all fees, costs and expenses, whether primary, secondary, direct, contingent, fixed or otherwise, heretofore, now and/or from
time to time hereafter owing, due or payable whether before or after the filing of a bankruptcy, insolvency or similar proceeding
under applicable federal, state, foreign or other law and whether or not an allowed claim in any such proceeding.

 

“Lien”
has the meaning set forth in the Purchase Agreement.

 

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“Motor
Vehicles” shall mean motor vehicles, tractors, trailers and other like property, whether or not the title thereto is governed
by a certificate of title or ownership. The term “Motor Vehicles” shall specifically include mobile drilling rigs.

 

“Patents”
means any patents and patent applications, including, without limitation, the inventions and improvements described and claimed
therein, all patentable inventions and those patents and patent applications listed on Schedule IV attached hereto (if
any), and the reissues, divisions, continuations, renewals, extensions and continuations-in-part of any of the foregoing, and
all income, royalties, damages and payments now or hereafter due and/or payable under or with respect to any of the foregoing,
including, without limitation, damages and payments for past, present and future infringements of any of the foregoing and the
right to sue for past, present and future infringements of any of the foregoing.

 

“Permitted
Indebtedness” has the meaning set forth in the Notes.

 

“Permitted
Lien” has the meaning set forth in the Notes.

 

“Proceeds”
means “proceeds,” as such term is defined in the UCC and, in any event, includes, without limitation, (a) any and
all proceeds of any insurance, indemnity, warranty or guaranty payable with respect to any of the Collateral, (b) any and all
payments (in any form whatsoever) made or due and payable from time to time in connection with any requisition, confiscation,
condemnation, seizure or forfeiture of all or any part of the Collateral by any Governmental Authority (or any person acting under
color of Governmental Authority), and (c) any and all other amounts from time to time paid or payable under, in respect of or
in connection with any of the Collateral.

 

“Representative”
means any Person acting as agent, representative or trustee on behalf of the Secured Party from time to time.

 

“Security
Documents” means this Agreement, the Subsidiary Guaranty, the Pledge Agreement, and any other documents securing the Liens
of the Secured Party hereunder.

 

“Software”
means all “software” as such term is defined in the UCC, now owned or hereafter acquired by a Debtor, other than software
embedded in any category of Goods, including, without limitation, all computer programs and all supporting information provided
in connection with a transaction related to any program.

 

“Trademarks”
means any trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service
marks, logos, other business identifiers, prints and labels on which any of the foregoing have appeared or appear, all registrations
and recordings thereof, and all applications in connection therewith, including, without limitation, the trademarks and applications
listed in Schedule V attached hereto (if any) and renewals thereof, and all income, royalties, damages and payments now
or hereafter due and/or payable under or with respect to any of the foregoing, including, without limitation, damages and payments
for past, present and future infringements of any of the foregoing and the right to sue for past, present and future infringements
of any of the foregoing.

 

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“Transaction
Documents” means the Purchase Agreements, the Notes, the Security Documents, the Warrants and any other related agreements.

 

“UCC”
shall mean the Uniform Commercial Code as in effect from time to time in the State of New York; provided, that to the extent that
the Uniform Commercial Code is used to define any term herein and such term is defined differently in different Articles or Divisions
of the Uniform Commercial Code, the definition of such term contained in Article or Division 9 shall govern.

 

1.1
Section 1A Replacement of Collateral Agent.
Upon the written notice by Purchasers holding at least 50% of the outstanding Notes (“Majority Holders”), the Collateral
Agent may be replaced as Collateral Agent by a person or entity which shall be acceptable to the Majority Holders.

 

1.2
Waiver Letter. The rights and obligations
set forth herein are subject to the existing Security Agreement between the Company and Cavalry Fund IP as modified by the Waiver
Letter Agreement referenced in the Purchase Agreement.

 

Section
2. Representations, Warranties and Covenants
of Debtors. Each Debtor represents and warrants to, and covenants with, the Secured Party as follows:

 

(a)
Subject to the Permitted Liens, such Debtor has or will have rights in and the power to transfer the Collateral in which it purports
to grant a security interest pursuant to Section 3 hereof (subject, with respect to after acquired Collateral, to such Debtor
acquiring the same) and no Lien other than Permitted Indebtedness exists or will exist upon such Collateral at any time.

 

(b)
Subject to the Permitted Liens, this Agreement is effective to create in favor of Secured Party a valid security interest in and
Lien upon all of such Debtor’s right, title and interest in and to the Collateral, and upon (i) the filing of appropriate
UCC financing statements in the jurisdictions listed on Schedule I attached hereto, (ii) each Deposit Account, (iii) filings
in the United States Patent and Trademark Office, or United States Copyright Office with respect to Collateral that constitutes
Patents and Trademarks, or Copyrights, as the case may be, (iv) the filing of the Mortgages in the jurisdictions listed on Schedule
I hereto, (v) the delivery to the Secured Party of the Pledged Collateral together with assignments in blank, (vi) the security
interest created hereby being noted on each certificate of title evidencing the ownership of any Motor Vehicle in accordance with
Section 4.1(d) hereof and (v) delivery to the Secured Party or its Representative of Instruments duly endorsed by such Debtor
or accompanied by appropriate instruments of transfer duly executed by such Debtor with respect to Instruments not constituting
Chattel Paper, such security interest will be a duly perfected first priority perfected security interest (subject to Permitted
Indebtedness) in all of the Collateral.

 

(c)
All of the Equipment, Inventory and Goods owned by such Debtor is located at the places as specified on Schedule I attached
hereto. Except as disclosed on Schedule I, none of the Collateral is in the possession of any bailee, warehousemen, processor
or consignee. Schedule I discloses such Debtor’s name as of the date hereof as it appears in official filings in
the state or province, as applicable, of its incorporation, formation or organization, the type of entity of such Debtor (including
corporation, partnership, limited partnership or limited liability company), organizational identification number issued by such
Debtor’s state of incorporation, formation or organization (or a statement that no such number has been issued), such Debtor’s
state or province, as applicable, of incorporation, formation or organization and the chief place of business, chief executive
office and the office where such Debtor keeps its books and records and the states in which such Debtor conducts its business.
Such Debtor has only one state or province, as applicable, of incorporation, formation or organization. Such Debtor does not do
business and has not done business during the past five (5) years under any trade name or fictitious business name except as disclosed
on Schedule II attached hereto.

 

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(d)
No Copyrights, Patents or Trademarks listed on Schedules III, IV and V, respectively, if any, have been adjudged invalid
or unenforceable or have been canceled, in whole or in part, or are not presently subsisting. Each of such Copyrights, Patents
and Trademarks (if any) is valid and enforceable. Subject to the Permitted Lien, such Debtor is the sole and exclusive owner of
the entire and unencumbered right, title and interest in and to each of such Copyrights, Patents and Trademarks, identified on
Schedules III, IV and V, as applicable, as being owned by such Debtor, free and clear of any liens (subject to the Permitted
Lien), charges and encumbrances, including without limitation licenses, shop rights and covenants by such Debtor not to sue third
persons. Such Debtor has adopted, used and is currently using, or has a current bona fide intention to use, all of such Trademarks
and Copyrights. Such Debtor has no notice of any suits or actions commenced or threatened with reference to the Copyrights, Patents
or Trademarks owned by it.

 

(e)
Each Debtor agrees to deliver to the Secured Party an updated Schedule I, II, III, IV and/or V within five (5) Business
Days of any change thereto.

 

(f)
All depositary and other accounts including, without limitation, Deposit Accounts, securities accounts, brokerage accounts and
other similar accounts, maintained by each Debtor are described on Schedule VI hereto, which description includes for each
such account the name of the Debtor maintaining such account, the name, address and telephone and telecopy numbers of the financial
institution at which such account is maintained, the account number and the account officer, if any, of such account. No Debtor
shall open any new Deposit Accounts, securities accounts, brokerage accounts or other accounts unless such Debtor shall have given
Secured Party ten (10) Business Days’ prior written notice of its intention to open any such new accounts. Each Debtor shall
deliver to Secured Party a revised version of Schedule VI showing any changes thereto within five (5) Business Days of
any such change. Each Debtor hereby authorizes the financial institutions at which such Debtor maintains an account to provide
Secured Party with such information with respect to such account as Secured Party from time to time reasonably may request, and
each Debtor hereby consents to such information being provided to Secured Party. In addition, all of such Debtor’s depositary,
security, brokerage and other accounts including, without limitation, Deposit Accounts shall be subject to the provisions of Section
2 hereof.

 

(g)
Such Debtor does not own any Commercial Tort Claim except for those disclosed on Schedule VII hereto (if any).

 

(h)
Such Debtor does not have any interest in real property with respect to real property except as disclosed on Schedule VIII
(if any). Each Debtor shall deliver to Secured Party a revised version of Schedule VIII showing any changes thereto
within ten (10) Business Days of any such change. Except as otherwise agreed to by Secured Party, all such interests in real property
with respect to such real property are subject to a mortgage and deed of trust (in form and substance satisfactory to Secured
Party) in favor of Secured Party (hereinafter, a “Mortgage”).

 

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(i)
Each Debtor shall duly and properly record each interest in real property held by such Debtor except with respect to easements,
rights of way, access agreements, surface damage agreements, surface use agreements or similar agreements that such Debtor, using
prudent customs and practices in the industry in which it operates, does not believe are of material value or material to the
operation of such Debtor’s business or, with respect to state and federal rights of way, are not capable of being recorded
as a matter of state and federal law.

 

(j)
All Equipment (including, without limitation, Motor Vehicles) owned by a Debtor and subject to a certificate of title or ownership
statute is described on Schedule IX hereto.

 

Section
3. Collateral. As collateral security
for the prompt payment in full when due (whether at stated maturity, by acceleration or otherwise) of the obligations due the
Secured Party under the Notes, each Debtor hereby pledges and grants to the Secured Party, for the benefit of itself and each
Purchaser, a Lien on and security interest in and to all of such Debtor’s right, title and interest in the following properties
and assets of such Debtor, whether now owned by such Debtor or hereafter acquired and whether now existing or hereafter coming
into existence and wherever located (all being collectively referred to herein as “Collateral”):

 

(a)
all Instruments, together with all payments thereon or thereunder:

 

(b)
all Accounts;

 

(c)
all Inventory;

 

(d)
all General Intangibles (including payment intangibles (as defined in the UCC) and Software);

 

(e)
all Equipment;

 

(f)
all Documents;

 

(g)
all Contracts;

 

(h)
all Goods;

 

(i)
all Investment Property, including without limitation all equity interests now owned or hereafter acquired by such Debtor;

 

(j)
all Deposit Accounts, including, without limitation, the balance from time to time in all bank accounts maintained by such Debtor;

 

(k)
all Commercial Tort Claims specified on Schedule VII;

 

(l)
all Trademarks, Patents and Copyrights;

 

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(m)
all books and records pertaining to the other Collateral; and

 

(n)
all other tangible and intangible property of such Debtor, including, without limitation, all interests in real property, Proceeds,
tort claims, products, accessions, rents, profits, income, benefits, substitutions, additions and replacements of and to any of
the property of such Debtor described in the preceding clauses of this Section 3 (including, without limitation, any proceeds
of insurance thereon, insurance claims and all rights, claims and benefits against any Person relating thereto), other rights
to payments not otherwise included in the foregoing, and all books, correspondence, files, records, invoices and other papers,
including without limitation all tapes, cards, computer runs, computer programs, computer files and other papers, documents and
records in the possession or under the control of such Debtor, any computer bureau or service company from time to time acting
for such Debtor.

 

Notwithstanding
anything to the contrary contained herein or in any Transaction Document, in no event shall the security interest granted herein
or therein attach to any Excluded Assets.

 

Section
4. Covenants; Remedies. In furtherance
of the grant of the pledge and security interest pursuant to Section 3 hereof, each Debtor hereby agrees with the Secured Party
as follows (subject to the Permitted Liens):

 

4.1
Delivery and Other Perfection; Maintenance,
etc. 

 

(a)
Delivery of Instruments, Documents, Etc.
Each Debtor shall deliver and pledge to the Secured Party or its Representative any and all Instruments, negotiable Documents,
Chattel Paper and certificated securities (accompanied by stock powers executed in blank, which stock powers may be filled in
and completed at any time upon the occurrence of any Event of Default) duly endorsed and/or accompanied by such instruments of
assignment and transfer executed by such Debtor in such form and substance as the Secured Party or its Representative may request;
provided, that so long as no Event of Default shall have occurred and be continuing, each Debtor may retain for collection
in the ordinary course of business any Instruments, negotiable Documents and Chattel Paper received by such Debtor in the ordinary
course of business, and the Secured Party or its Representative shall, promptly upon request of a Debtor, make appropriate arrangements
for making any other Instruments, negotiable Documents and Chattel Paper pledged by such Debtor available to such Debtor for purposes
of presentation, collection or renewal (any such arrangement to be effected, to the extent deemed appropriate by the Secured Party
or its Representative, against a trust receipt or like document). If a Debtor retains possession of any Chattel Paper, negotiable
Documents or Instruments pursuant to the terms hereof, such Chattel Paper, negotiable Documents and Instruments shall be marked
with the following legend: “This writing and the obligations evidenced or secured hereby are subject to the security interest
of Cavalry Fund I LP, in its capacity as Collateral Agent for the benefit of Purchasers, as secured party.”

 

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(b)
Other Documents and Actions. Each Debtor
shall give, execute, deliver, file and/or record any financing statement, registration, notice, instrument, document, agreement,
Mortgage or other papers that may be necessary or desirable (in the reasonable judgment of the Secured Party or its Representative)
to create, preserve, perfect or validate the security interest granted pursuant hereto (or any security interest or mortgage contemplated
or required hereunder, including with respect to Section 2(h) of this Agreement) or to enable the Secured Party or its Representative
to exercise and enforce the rights of the Secured Party hereunder with respect to such pledge and security interest, provided
that notices to account debtors in respect of any Accounts or Instruments shall be subject to the provisions of clause (e)
below. Notwithstanding the foregoing each Debtor hereby irrevocably authorizes the Secured Party at any time and from time to
time to file in any filing office in any jurisdiction any initial financing statements (and other similar filings or registrations
under other applicable laws and regulations pertaining to the creation, attachment, or perfection of security interests) and amendments
thereto that (a) indicate the Collateral (i) as all assets of such Debtor or words of similar effect, regardless of whether any
particular asset comprised in the Collateral falls within the scope of Article 9 of the UCC, or (ii) as being of an equal or lesser
scope or with greater detail, and (b) contain any other information required by part 5 of Article 9 of the UCC for the sufficiency
or filing office acceptance of any financing statement or amendment, including (i) whether such Debtor is an organization, the
type of organization and any organization identification number issued to such Debtor, and (ii) in the case of a financing statement
filed as a fixture filing, a sufficient description of real property to which the Collateral relates. Each Debtor agrees to furnish
any such information to the Secured Party promptly upon request. Each Debtor also ratifies its authorization for the Secured Party
to have filed in any jurisdiction any like initial financing statements or amendments thereto if filed prior to the date hereof.

 

(c)
Books and Records. Each Debtor (or a Company
on behalf of a Debtor) shall maintain at its own cost and expense complete and accurate books and records of the Collateral, including,
without limitation, a record of all payments received and all credits granted with respect to the Collateral and all other dealings
with the Collateral. Upon the occurrence and during the continuation of any Event of Default, each Debtor shall deliver and turn
over any such books and records (or true and correct copies thereof) to the Secured Party or its Representative at any time on
demand. Each Debtor shall permit any Representative of the Secured Party, to inspect such books and records at any time during
reasonable business hours and will provide photocopies thereof at such Debtor’s expense to the Secured Party upon request
of the Secured Party.

 

(d)
Motor Vehicles. Each Debtor shall, promptly
upon acquiring same, cause the Secured Party to be listed as the lienholder on each certificate of title or ownership covering
any items of Equipment, including Motor Vehicles, having a value in excess of $50,000 individually or in the aggregate for all
such items of Equipment of the Debtor, or otherwise comply with the certificate of title or ownership laws of the relevant jurisdiction
issuing such certificate of title or ownership in order to properly evidence and perfect Secured Party’s security interest
in the assets represented by such certificate of title or ownership.

 

(e)
Notice to Account Debtors; Verification.
(i) Upon the occurrence and during the continuance of any Event of Default (or if any rights of set-off (other than set-offs against
an Account arising under the Contract giving rise to the same Account) or contra accounts may be asserted, upon request of the
Secured Party or its Representative, each Debtor shall promptly notify (and each Debtor hereby authorizes the Secured Party and
its Representative so to notify) each account debtor in respect of any Accounts or Instruments or other Persons obligated on the
Collateral that such Collateral has been assigned to the Secured Party hereunder, and that any payments due or to become due in
respect of such Collateral are to be made directly to the Secured Party, and (ii) the Secured Party and its Representative shall
have the right at any time or times to make direct verification with the account debtors or other Persons obligated on the Collateral
of any and all of the Accounts or other such Collateral.

 

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(f)
Intellectual Property. Each Debtor represents
and warrants that the Copyrights, Patents and Trademarks listed on Schedules III, IV and V, respectively (if any), constitute
all of the registered Copyrights and all of the Patents and Trademarks now owned by such Debtor. If such Debtor shall (i) obtain
rights to any new patentable inventions, any registered Copyrights or any Patents or Trademarks, or (ii) become entitled to the
benefit of any registered Copyrights or any Patents or Trademarks or any improvement on any Patent, the provisions of this Agreement
above shall automatically apply thereto and such Debtor shall give to Secured Party prompt written notice thereof. Each Debtor
hereby authorizes Secured Party to modify this Agreement by amending Schedules III, IV and V, as applicable, to include
any such registered Copyrights or any such Patents and Trademarks. Each Debtor shall have the duty (i) to prosecute diligently
any patent, trademark, or service mark applications pending as of the date hereof or hereafter, (ii) to preserve and maintain
all rights in the Copyrights, Patents and Trademarks, to the extent material to the operations of the business of such Debtor
and (iii) to ensure that the Copyrights, Patents and Trademarks are and remain enforceable, to the extent material to the operations
of the business of such Debtor. Any expenses incurred in connection with such Debtor’s obligations under this Section 4.1(f)
shall be borne by such Debtor. Except for any such items that a Debtor reasonably believes (using prudent industry customs and
practices) are no longer necessary for the on-going operations of its business, no Debtor shall abandon any material right to
file a patent, trademark or service mark application, or abandon any pending patent, trademark or service mark application or
any other Copyright, Patent or Trademark without the prior written consent of Secured Party, which consent shall not be unreasonably
withheld.

 

(g)
Further Identification of Collateral.
Each Debtor will, when and as often as requested by the Secured Party or its Representative, furnish to the Secured Party or such
Representative, statements and schedules further identifying and describing the Collateral and such other reports in connection
with the Collateral as the Secured Party or its Representative may reasonably request, all in reasonable detail.

 

(h)
Investment Property. Each Debtor will
take any and all actions required or requested by the Secured Party, from time to time, to (i) cause the Secured Party to obtain
exclusive control of any Investment Property owned by such Debtor in a manner acceptable to the Secured Party and (ii) obtain
from any issuers of Investment Property and such other Persons, for the benefit of the Secured Party, written confirmation of
the Secured Party’s control over such Investment Property. For purposes of this Section 4.1(h), the Secured Party shall
have exclusive control of Investment Property if (i) such Investment Property consists of certificated securities and a Debtor
delivers such certificated securities to the Secured Party (with appropriate endorsements if such certificated securities are
in registered form); (ii) such Investment Property consists of uncertificated securities and either (x) a Debtor delivers such
uncertificated securities to the Secured Party or (y) the issuer thereof agrees, pursuant to documentation in form and substance
satisfactory to the Secured Party, that it will comply with instructions originated by the Secured Party without further consent
by such Debtor, and (iii) such Investment Property consists of security entitlements and either (x) the Secured Party becomes
the entitlement holder thereof or (y) the appropriate securities intermediary agrees, pursuant to the documentation in form and
substance satisfactory to the Secured Party, that it will comply with entitlement orders originated by the Secured Party without
further consent by any Debtor.

 

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(i)
Commercial Tort Claims. Each Debtor shall
promptly notify Secured Party of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 and unless
otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting to Secured Party
a Lien on and security interest in such Commercial Tort Claim.

 

4.2
Other Liens. Other than Permitted Liens
as defined in the Notes, Debtors will not create, permit or suffer to exist, and will defend the Collateral against and take such
other action as is necessary to remove, any Lien on the Collateral except Permitted Indebtedness, and will defend the right, title
and interest of the Secured Party in and to the Collateral and in and to all Proceeds thereof against the claims and demands of
all Persons whatsoever.

 

4.3
Preservation of Rights. Whether or not
any Event of Default has occurred or is continuing, the Secured Party and its Representative may, but shall not be required to,
take any steps the Secured Party or its Representative deems necessary or appropriate to preserve any Collateral or any rights
against third parties to any of the Collateral, including obtaining insurance for the Collateral at any time when such Debtor
has failed to do so, and Debtors shall promptly pay, or reimburse the Secured Party for, all expenses incurred in connection therewith.

 

4.4
Formation of Subsidiaries; Name Change; Location;
Bailees.

 

(a)
No Debtor shall form or acquire any subsidiary
unless (i) such Debtor pledges all of the stock or equity interests of such subsidiary to the Secured Party pursuant to an agreement
in a form agreed to by the Secured Party, (ii) such subsidiary becomes a party to this Agreement and all other applicable Security
Documents and (iii) the formation or acquisition of such Subsidiary is not prohibited by the terms of the Transaction Documents.

 

(b)
No Debtor shall (i) reincorporate or reorganize
itself under the laws of any jurisdiction other than the jurisdiction in which it is incorporated or organized as of the date
hereof, or (ii) otherwise change its name, identity or corporate structure, in each case, without the prior written consent of
Secured Party, which consent shall not be unreasonably withheld. Each Debtor will notify Secured Party promptly in writing prior
to any such change in the proposed use by such Debtor of any tradename or fictitious business name other than any such name set
forth on Schedule II attached hereto.

 

(c)
Except for the sale of Inventory in the ordinary
course of business and other sales of assets expressly permitted by the terms of the Purchase Agreement, each Debtor will keep
the Collateral at the locations specified in Schedule I. Each Debtor will give Secured Party thirty (30) day’s prior
written notice of any change in such Debtor’s chief place of business or of any new location for any of the Collateral.

 

(d)
If any Collateral is at any time in the possession
or control of any warehousemen, bailee, consignee or processor, such Debtor shall, upon the request of Secured Party or its Representative,
notify such warehousemen, bailee, consignee or processor of the Lien and security interest created hereby and shall instruct such
Person to hold all such Collateral for Secured Party’s account subject to Secured Party’s instructions.

 

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(e)
Each Debtor acknowledges that it is not authorized
to file any financing statement or amendment or termination statement with respect to any financing statement without the prior
written consent of Secured Party and agrees that it will not do so without the prior written consent of Secured Party, subject
to such Debtor’s rights under Section 9-509(d)(2) to the UCC.

 

(f)
No Debtor shall enter into any Contract that
restricts or prohibits the grant to Secured Party of a security interest in Accounts, Chattel Paper, Instruments or payment intangibles
or the proceeds of the foregoing.

 

4.5
Reserved.

 

4.6
Events of Default, Etc. During the period
during which an Event of Default shall have occurred and be continuing subject to the Permitted Lien:

 

(a)
each Debtor shall, at the request of the Secured
Party or its Representative, assemble the Collateral and make it available to Secured Party or its Representative at a place or
places designated by the Secured Party or its Representative which are reasonably convenient to Secured Party or its Representative,
as applicable, and such Debtor;

 

(b)
the Secured Party or its Representative may make
any reasonable compromise or settlement deemed desirable with respect to any of the Collateral and may extend the time of payment,
arrange for payment in installments, or otherwise modify the terms of, any of the Collateral;

 

(c)
the Secured Party shall have all of the rights
and remedies with respect to the Collateral of a secured party under the UCC (whether or not said UCC is in effect in the jurisdiction
where the rights and remedies are asserted) and such additional rights and remedies to which a secured party is entitled under
the laws in effect in any jurisdiction where any rights and remedies hereunder may be asserted, including, without limitation,
the right, to the maximum extent permitted by law, to: (i) exercise all voting, consensual and other powers of ownership pertaining
to the Collateral as if the Secured Party were the sole and absolute owner thereof (and each Debtor agrees to take all such action
as may be appropriate to give effect to such right) and (ii) to the appointment of a receiver or receivers for all or any part
of the Collateral or business of a Debtor, whether such receivership be incident to a proposed sale or sales of such Collateral
or otherwise and without regard to the value of the Collateral or the solvency of any person or persons liable for the payment
of the Obligations secured by such Collateral. Each Debtor hereby consents to the appointment of such receiver or receivers, waives
any and all defenses to such appointment and agrees that such appointment shall in no manner impair, prejudice or otherwise affect
the rights of Secured Party under this Agreement. Each Debtor hereby expressly waives notice of a hearing for appointment of a
receiver and the necessity for bond or an accounting by the receiver;

 

(d)
the Secured Party or its Representative in its
discretion may, in the name of the Secured Party or in the name of a Debtor or otherwise, demand, sue for, collect or receive
any money or property at any time payable or receivable on account of or in exchange for any of the Collateral, but shall be under
no obligation to do so;

 

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(e)
the Secured Party or its Representative may take
immediate possession and occupancy of any premises owned, used or leased by a Debtor and exercise all other rights and remedies
which may be available to the Secured Party;

 

(f)
the Secured Party may, upon reasonable notice
(such reasonable notice to be determined by Secured Party in its sole and absolute discretion, which shall not be less than ten
(10) days), with respect to the Collateral or any part thereof which shall then be or shall thereafter come into the possession,
custody or control of the Secured Party or its Representative, sell, lease, license, assign or otherwise dispose of all or any
part of such Collateral, at such place or places as the Secured Party deems best, and for cash or for credit or for future delivery
(without thereby assuming any credit risk), at public or private sale, without demand of performance or notice of intention to
effect any such disposition or of the time or place thereof (except such notice as is required above or by applicable statute
and cannot be waived), and the Secured Party or anyone else may be the purchaser, lessee, licensee, assignee or recipient of any
or all of the Collateral so disposed of at any public sale (or, to the extent permitted by law, at any private sale) and thereafter
hold the same absolutely, free from any claim or right of whatsoever kind, including any right or equity of redemption (statutory
or otherwise), of Debtors, any such demand, notice and right or equity being hereby expressly waived and released. The Secured
Party may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time
by announcement at the time and place fixed for the sale, and such sale may be made at any time or place to which the sale may
be so adjourned; and

 

(g)
the rights, remedies and powers conferred by
this Section 4.6 are in addition to, and not in substitution for, any other rights, remedies or powers that the Secured Party
may have under any Transaction Document, at law, in equity or by or under the UCC or any other statute or agreement. The Secured
Party may proceed by way of any action, suit or other proceeding at law or in equity and no right, remedy or power of the Secured
Party will be exclusive of or dependent on any other. The Secured Party may exercise any of its rights, remedies or powers separately
or in combination and at any time.

 

The
proceeds of each collection, sale or other disposition under this Section 4.6 shall be applied in accordance with Section 4.9
hereof.

 

4.7
Deficiency. If the proceeds of sale, collection
or other realization of or upon the Collateral are insufficient to cover the costs and expenses of such realization and the payment
in full of the Obligations, Debtors shall remain jointly and severally liable for any deficiency.

 

4.8
Private Sale. Each Debtor recognizes that
the Secured Party may be unable to effect a public sale of any or all of the Collateral consisting of securities by reason of
certain prohibitions contained in the Securities Act of 1933, as amended (the “Act”), and applicable state
securities laws, but may be compelled to resort to one or more private sales thereof to a restricted group of purchasers who will
be obliged to agree, among other things, to acquire such Collateral for their own account for investment and not with a view to
the distribution or resale thereof. Each Debtor acknowledges and agrees that any such private sale may result in prices and other
terms less favorable to the seller than if such sale were a public sale and each Debtor agrees that it is not commercially unreasonable
for Secured Party to engage in any such private sales or dispositions under such circumstances. The Secured Party shall be under
no obligation to delay a sale of any of the Collateral to permit a Debtor to register such Collateral for public sale under the
Act, or under applicable state securities laws, even if Debtors would agree to do so. The Secured Party shall not incur any liability
as a result of the sale of any such Collateral, or any part thereof, at any private sale provided for in this Agreement conducted
in a commercially reasonable manner, and so long as Secured Party conducts such sale in a commercially reasonable manner each
Debtor hereby waives any claims against the Secured Party arising by reason of the fact that the price at which the Collateral
may have been sold at such a private sale was less than the price which might have been obtained at a public sale or was less
than the aggregate amount of the Obligations, even if the Secured Party accepts the first offer received and does not offer the
Collateral to more than one offeree.

 

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Each
Debtor further agrees to do or cause to be done all such other acts and things as may be necessary to make such sale or sales
of any portion or all of any such Collateral valid and binding and in compliance with any and all applicable laws, regulations,
orders, writs, injunctions, decrees or awards of any and all courts, arbitrators or governmental instrumentalities, domestic or
foreign, having jurisdiction over any such sale or sales, all at such Debtor’s expense. Each Debtor further agrees that
a breach of any of the covenants contained in this Section 4.8 will cause irreparable injury to the Secured Party, that the Secured
Party has no adequate remedy at law in respect of such breach and, as a consequence, agrees that each and every covenant contained
in this Section 4.8 shall be specifically enforceable against Debtors, and each Debtor hereby waives and agrees not to assert
any defenses against an action for specific performance of such covenants except for a defense that no Event of Default has occurred
and is continuing.

 

4.9
Application of Proceeds. The proceeds
of any collection, sale or other realization of all or any part of the Collateral, and any other cash at the time held by the
Secured Party under this Agreement, shall be applied to the Obligations on a pro-rata basis based on investments made under this
Securities Purchase Agreement and other outstanding convertible notes as detailed on Schedule 4.9 and as such Cavalry Fund I LP’s
rights to the application of proceeds will be 55.8%.

 

4.10
Attorney-in-Fact. Each Debtor hereby irrevocably
constitutes and appoints the Secured Party, with full power of substitution, as its true and lawful attorney-in-fact with full
irrevocable power and authority in the place and stead of such Debtor and in the name of such Debtor or in its own name, from
time to time in the discretion of the Secured Party, for the purpose of carrying out the terms of this Agreement, to take any
and all appropriate action and to execute and deliver any and all documents and instruments which may be necessary or desirable
to perfect or protect any security interest granted hereunder, to maintain the perfection or priority of any security interest
granted hereunder, or to otherwise accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing,
hereby gives the Secured Party the power and right, on behalf of such Debtor, without notice to or assent by such Debtor (to the
extent permitted by applicable law), to do the following:

 

    	 	14	 

    	 

    

 

(a)
to take any and all appropriate action and to
execute and deliver any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this
Agreement;

 

(b)
upon the occurrence and during the continuation
of an Event of Default, to ask, demand, collect, receive and give acquittance and receipts for any and all moneys due and to become
due under any Collateral and, in the name of such Debtor or its own name or otherwise, to take possession of and endorse and collect
any checks, drafts, notes, acceptances or other Instruments for the payment of moneys due under any Collateral and to file any
claim or to take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the Secured Party
for the purpose of collecting any and all such moneys due under any Collateral whenever payable and to file any claim or to take
any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the Secured Party for the purpose
of collecting any and all such moneys due under any Collateral whenever payable;

 

(c)
to pay or discharge charges or liens levied or
placed on or threatened against the Collateral, to effect any insurance called for by the terms of this Agreement and to pay all
or any part of the premiums therefor;

 

(d)
to direct any party liable for any payment under
any of the Collateral to make payment of any and all moneys due, and to become due thereunder, directly to the Secured Party or
as the Secured Party shall direct, and to receive payment of and receipt for any and all moneys, claims and other amounts due,
and to become due at any time, in respect of or arising out of any Collateral;

 

(e)
upon the occurrence and during the continuation
of an Event of Default, to sign and indorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts,
drafts against debtors, assignments, verifications and notices in connection with accounts and other Documents constituting or
relating to the Collateral;

 

(f)
upon the occurrence and during the continuation
of an Event of Default, to commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent
jurisdiction to collect the Collateral or any part thereof and to enforce any other right in respect of any Collateral;

 

(g)
upon the occurrence and during the continuation
of an Event of Default, to defend any suit, action or proceeding brought against a Debtor with respect to any Collateral;

 

(h)
upon the occurrence and during the continuation
of an Event of Default, to settle, compromise or adjust any suit, action or proceeding described above and, in connection therewith,
to give such discharges or releases as the Secured Party may deem appropriate;

 

(i)
to the extent that a Debtor’s authorization
given in Section 4.1(b) of this Agreement is not sufficient to file such financing statements with respect to this Agreement,
with or without such Debtor’s signature, or to file a photocopy of this Agreement in substitution for a financing statement,
as the Secured Party may deem appropriate and to execute in such Debtor’s name such financing statements and amendments
thereto and continuation statements which may require such Debtor’s signature;

 

    	 	15	 

    	 

    

 

(j)
upon the occurrence and during the continuation
of an Event of Default, generally to sell, transfer, pledge, make any agreement with respect to or otherwise deal with any of
the Collateral as fully and completely as though the Secured Party were the absolute owners thereof for all purposes; and

 

(k)
to do, at the Secured Party’s option and
at such Debtor’s expense, at any time, or from time to time, all acts and things which the Secured Party reasonably deems
necessary to protect or preserve or, upon the occurrence and during the continuation of an Event of Default, realize upon the
Collateral and the Secured Party’s lien therein, in order to effect the intent of this Agreement, all as fully and effectively
as such Debtor might do.

 

Each
Debtor hereby ratifies, to the extent permitted by law, all that such attorneys lawfully do or cause to be done by virtue hereof
provided the same is performed in a commercially reasonable manner. The power of attorney granted hereunder is a power coupled
with an interest and shall be irrevocable until the Obligations are indefeasibly paid in full in cash and this Agreement is terminated
in accordance with Section 4.12 hereof.

 

Each
Debtor also authorizes the Secured Party, at any time from and after the occurrence and during the continuation of any Event of
Default, (x) to communicate in its own name with any party to any Contract with regard to the assignment of the right, title and
interest of such Debtor in and under the Contracts hereunder and other matters relating thereto and (y) to execute, in connection
with any sale of Collateral provided for in Section 4.6 hereof, any endorsements, assignments or other instruments of conveyance
or transfer with respect to the Collateral.

 

4.11
Perfection. Prior to or concurrently with
the execution and delivery of this Agreement, each Debtor shall:

 

(a)
file such financing statements, assignments for
security and other documents in such offices as may be necessary or as the Secured Party or the Representative may request to
perfect the security interests granted by Section 3 of this Agreement;

 

(b)
at Secured Party’s request, deliver to
the Secured Party or its Representative the originals of all Instruments together with, in the case of Instruments constituting
promissory notes, allonges attached thereto showing such promissory notes to be payable to the order of a blank payee;

 

(c)
deliver to the Secured Party or its Representative
the originals of all Motor Vehicle Titles, duly endorsed indicating the Secured Party’s interest therein as a lienholder,
together with such other documents as may be required consistent with Section 4.1(d) hereof to perfect the security interest granted
by Section 3 in all such Motor Vehicles (if any).

 

(d)
If the Debtor has not done so, the Collateral
Agent may do so at any later time at the sole cost of the Debtors.

 

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4.12
Termination; Partial Release of Collateral.
This Agreement and the Liens and security interests granted hereunder shall not terminate until the full and complete performance
and indefeasible satisfaction of all of the Notes (including, without limitation, the indefeasible payment in full in cash of
all obligations under such Notes) and (ii) with respect to which claims have been asserted by Collateral Agent and/or Purchasers,
whereupon the Secured Party shall forthwith cause to be assigned, transferred and delivered, against receipt but without any recourse,
warranty or representation whatsoever, any remaining Collateral to or on the order of Debtors. The Secured Party shall also execute
and deliver to Debtors upon such termination and at Debtors’ expense such UCC termination statements, certificates for terminating
the liens on the Motor Vehicles (if any) and such other documentation as shall be reasonably requested by Debtors to effect the
termination and release of the Liens and security interests in favor of the Secured Party affecting the Collateral. Notwithstanding
anything to the contrary in this Agreement, upon full and complete satisfaction of the Notes Debtors obligations under this Agreement
shall terminate and any Liens shall thereupon be void.

 

4.13
Further Assurances. At any time and from
time to time, upon the written request of the Secured Party or its Representative, and at the sole expense of Debtors, Debtors
will promptly and duly execute and deliver any and all such further instruments, documents and agreements and take such further
actions as the Secured Party or its Representative may reasonably require in order for the Secured Party to obtain the full benefits
of this Agreement and of the rights and powers herein granted in favor of the Secured Party, including, without limitation, using
Debtors’ best efforts to secure all consents and approvals necessary or appropriate for the assignment to the Secured Party
of any Collateral held by Debtors or in which a Debtor has any rights not heretofore assigned, the filing of any financing or
continuation statements under the UCC with respect to the liens and security interests granted hereby, transferring Collateral
to the Secured Party’s possession (if a security interest in such Collateral can be perfected by possession), placing the
interest of the Secured Party as lienholder on the certificate of title of any Motor Vehicle, and obtaining waivers of liens from
landlords and mortgagees. Each Debtor also hereby authorizes the Secured Party and its Representative to file any such financing
or continuation statement without the signature of such Debtor to the extent permitted by applicable law.

 

4.14
Limitation on Duty of Secured Party. The
powers conferred on the Secured Party under this Agreement are solely to protect the Secured Party’s interest on behalf
of itself and Purchasers in the Collateral and shall not impose any duty upon it to exercise any such powers. The Secured Party
shall be accountable only for amounts that it actually receives as a result of the exercise of such powers and neither the Secured
Party nor its Representative nor any of their respective officers, directors, employees or agents shall be responsible to Debtors
for any act or failure to act, except for gross negligence or willful misconduct. Without limiting the foregoing, the Secured
Party and any Representative shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral
in their possession if such Collateral is accorded treatment substantially equivalent to that which the relevant Secured Party
or any Representative, in its individual capacity, accords its own property consisting of the type of Collateral involved, it
being understood and agreed that neither the Secured Party nor any Representative shall have any responsibility for taking any
necessary steps (other than steps taken in accordance with the standard of care set forth above) to preserve rights against any
Person with respect to any Collateral.

 

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Also
without limiting the generality of the foregoing, neither the Secured Party nor any Representative shall have any obligation or
liability under any Contract or license by reason of or arising out of this Agreement or the granting to the Secured Party of
a security interest therein or assignment thereof or the receipt by the Secured Party or any Representative of any payment relating
to any Contract or license pursuant hereto, nor shall the Secured Party or any Representative be required or obligated in any
manner to perform or fulfill any of the obligations of Debtors under or pursuant to any Contract or license, or to make any payment,
or to make any inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any performance
by any party under any Contract or license, or to present or file any claim, or to take any action to collect or enforce any performance
or the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times.

 

Section
5. Miscellaneous.

 

5.1
No Waiver. No failure on the part of the
Secured Party or any of its Representatives to exercise, and no course of dealing with respect to, and no delay in exercising,
any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise by the Secured
Party or any of its Representatives of any right, power or remedy hereunder preclude any other or further exercise thereof or
the exercise of any other right, power or remedy. The rights and remedies hereunder provided are cumulative and may be exercised
singly or concurrently, and are not exclusive of any rights and remedies provided by law.

 

5.2
Governing Law. All questions concerning
the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State
of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York
or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York.

 

5.3
Notices. All notices, approvals, requests,
demands and other communications hereunder shall be delivered or made in the manner set forth in, and shall be effective in accordance
with the terms of, the Purchase Agreement; provided, that, to the extent any such communication (i) is being made or sent to a
Debtor that is not a Company, such communication shall be effective as to such Debtor if made or sent to any Company in accordance
with the foregoing or (ii) is being made or sent to Collateral Agent, such communication shall be made to Collateral Agent at
the address set forth below Collateral Agent’s signature hereto. Debtors and Collateral Agent may change their respective
notice addresses by written notice given to each other party five (5) days prior to the effectiveness of such change.

 

5.4
Amendments, Etc. The terms of this Agreement
may be waived, altered or amended only by an instrument in writing duly executed by the Debtor sought to be charged or benefited
thereby and each of the Purchasers. Any such amendment or waiver shall be binding upon the Secured Party and the Debtor sought
to be charged or benefited thereby and their respective successors and assigns.

 

5.5
Successors and Assigns. This Agreement
shall be binding upon and inure to the benefit of the respective successors and assigns of each of the parties hereto, provided,
that no Debtor shall assign or transfer its rights hereunder without the prior written consent of each of the Secured Parties.
Any Secured Party, including the Collateral Agent in its capacity as Collateral Agent, may assign its rights hereunder without
the consent of Debtors, in which event such assignee shall be deemed to be Secured Party and/or Collateral Agent, as applicable,
hereunder with respect to such assigned rights; provided, so long as no Event of Default has occurred and is continuing, no Secured
Party shall assign any of its rights hereunder to a competitor of any Company.

 

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5.6
Counterparts; Headings. This Agreement
may be authenticated in any number of counterparts, all of which taken together shall constitute one and the same instrument and
any of the parties hereto may authenticate this Agreement by signing any such counterpart. This Agreement may be authenticated
by manual signature or facsimile, .pdf or similar electronic signature, all of which shall be equally valid. The headings in this
Agreement are for convenience of reference only and shall not alter or otherwise affect the meaning hereof.

 

5.7
Severability. If any provision hereof
is invalid and unenforceable in any jurisdiction, then, to the fullest extent permitted by law, (a) the other provisions hereof
shall remain in full force and effect in such jurisdiction and shall be liberally construed in favor of the Secured Party and
its Representative in order to carry out the intentions of the parties hereto as nearly as may be possible and (b) the invalidity
or unenforceability of any provision hereof in any jurisdiction shall not affect the validity or enforceability of such provision
in any other jurisdiction.

 

5.8
SUBMISSION TO JURISDICTION; WAIVER OF VENUE;
SERVICE OF PROCESS. EACH DEBTOR HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL
OR NEW YORK STATE COURT SITTING IN NEW YORK COUNTY, NEW YORK, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT
AND EACH DEBTOR HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED
IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF SECURED
PARTY TO BRING PROCEEDINGS AGAINST ANY DEBTOR IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY A DEBTOR AGAINST
SECURED PARTY, ANY PURCHASER OR ANY AFFILIATE THEREOF INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF,
RELATED TO, OR CONNECTION WITH THIS AGREEMENT SHALL BE BROUGHT ONLY IN A COURT IN NEW YORK COUNTY, NEW YORK (AND SECURED PARTY
AND PURCHASERS HEREBY SUBMIT TO THE JURISDICTION OF SUCH COURT). EACH DEBTOR HERETO HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE
OF PROCESS AND CONSENTS TO PROCESS BEING SERVED IN ANY SUCH ACTION OR PROCEEDING BY MAILING BY REGISTERED OR CERTIFIED MAIL A
COPY THEREOF TO SUCH DEBTOR AT THE ADDRESS FOR NOTICES TO IT IN ACCORDANCE WITH SECTION 5.3 OF THIS AGREEMENT AND AGREES THAT
SUCH NOTICE SHALL CONSTITUTE GOOD AND SUFFICIENT SERVICE OF PROCESS AND NOTICE THEREOF. NOTHING CONTAINED HEREIN SHALL BE DEEMED
TO LIMIT IN ANY WAY ANY RIGHT OF SECURED PARTY OR ANY PURCHASER TO SERVE PROCESS IN ANY MANNER PERMITTED BY LAW.

 

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5.9
WAIVER OF RIGHT TO TRIAL BY JURY. EACH
DEBTOR AND SECURED PARTY WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING
OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF
ANY TYPE BROUGHT BY ANY OF THE PARTIES AGAINST ANY OTHER PARTY OR PARTIES, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS,
OR OTHERWISE. EACH DEBTOR AND SECURED PARTY AGREE THAT ANY SUCH CLAIM OR CAUSE OF ACTION SHALL BE TRIED BY A COURT TRIAL WITHOUT
A JURY. WITHOUT LIMITING THE FOREGOING, THE PARTIES FURTHER AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED BY
OPERATION OF THIS SECTION 5.9 AS TO ANY ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE
THE VALIDITY OR ENFORCEABILITY OF THIS AGREEMENT OR ANY PROVISION HEREOF. THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS,
RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT.

 

5.10
Joint and Several. The obligations, covenants
and agreements of Debtors hereunder shall be the joint and several obligations, covenants and agreements of each Debtor, whether
or not specifically stated herein without preferences or distinction among them.

 

5.11
Collateral Agent and Purchaser Indemnification.

 

(a)
Each Purchaser has pursuant to the Securities
Purchase Agreements designated and appointed the Collateral Agent as the administrative agent of such Purchaser under this Agreement
and the related agreements.

 

(b)
Nothing in this Section 5.11 shall be deemed
to limit or otherwise affect the rights of Secured Party or Purchasers to exercise any remedy provided in this Agreement or any
other Transaction Document.

 

(c)
If pursuant to any related agreement Secured
Party is given the discretion to allocate proceeds received by Secured Party pursuant to the exercise of remedies under the related
agreements or at law or in equity (including without limitation with respect to any secured creditor remedies exercised against
the Collateral and any other collateral security provided for under any related agreement), Secured Party shall apply such proceeds
to the then outstanding Obligations in the following order of priority (with amounts received being applied in the numerical order
set forth below until exhausted prior to the application to the next succeeding category and each of the Purchasers or other Persons
entitled to payment shall receive an amount equal to its pro rata share of amounts available to be applied pursuant to clauses
second, third and fourth below):

 

    	 	20	 

    	 

    

 

first,
to payment of fees, costs and expenses (including reasonable attorney’s fees) owing to the Secured Party;

 

second,
to payment of all accrued unpaid interest and fees (other than fees owing to Collateral Agent) on the Obligations;

 

third,
to payment of principal of the Obligations;

 

fourth,
to payment of any other amounts owing constituting Obligations; and

 

fifth,
any remainder shall be for the account of and paid to whoever may be lawfully entitled thereto.

 

5.12
No Strict Construction. The language used
in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict
construction will be applied against any party.

 

5.13
ENTIRE AGREEMENT; AMENDMENT. THIS AGREEMENT,
TOGETHER WITH THE OTHER TRANSACTION DOCUMENTS, SUPERSEDES ALL OTHER PRIOR ORAL OR WRITTEN AGREEMENTS BETWEEN SECURED PARTY, THE
DEBTORS, THEIR AFFILIATES AND PERSONS ACTING ON THEIR BEHALF WITH RESPECT TO THE MATTERS DISCUSSED HEREIN, AND THIS AGREEMENT,
TOGETHER WITH THE OTHER TRANSACTION DOCUMENTS AND THE OTHER INSTRUMENTS REFERENCED HEREIN AND THEREIN, CONTAIN THE ENTIRE UNDERSTANDING
OF THE PARTIES WITH RESPECT TO THE MATTERS COVERED HEREIN AND THEREIN AND, EXCEPT AS SPECIFICALLY SET FORTH HEREIN OR THEREIN,
NEITHER THE SECURED PARTY NOR ANY DEBTOR MAKES ANY REPRESENTATION, WARRANTY, COVENANT OR UNDERTAKING WITH RESPECT TO SUCH MATTERS.
AS OF THE DATE OF THIS AGREEMENT, THERE ARE NO UNWRITTEN AGREEMENT BETWEEN THE PARTIES WITH RESPECT TO THE MATTERS DISCUSSED HEREIN.
NO PROVISION OF THIS AGREEMENT MAY BE AMENDED, MODIFIED OR SUPPLEMENTED OTHER THAN BY AN INSTRUMENT IN WRITING SIGNED BY THE DEBTORS
AND THE SECURED PARTY.

 

-
Remainder of Page Intentionally Left Blank; Signature Page Follows -

 

    	 	21	 

    	 

    

 

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

 

DEBTORS:

 

	OncBioMune Pharmaceuticals, Inc.,

                                                                                a Nevada corporation
	 
	 	 	 
	By:	/s/
    Jonathan F. Head	 
	Name:	Jonathan
F. Head                   	 
	Title:	Chief
    Executive Officer	 
	 	 	 
	OncBioMune,
    Inc., a Louisiana corporation	 
	 	 	 
	By:	/s/
    Jonathan F. Head	 
	Name:	Jonathan
    F. Head	 
	Title:	President	 

 

    	 	 	 

    	 

    

 

	 	COLLATERAL
    AGENT:
	 	 
	 	Cavalry
    Fund I LP, a Delaware limited partnership,
    in its capacity as Collateral Agent for Purchasers
	 	 	 
	 	By:	Cavalry
    Fund I Management LLC
	 	Its
                                         

        
	General
    Partner

 

	 	By:	/s/
                                         Thomas P. Walsh

	 	Name:	Thomas
P. Walsh

	 	Title:	Manager

 

	 	Notice
Address:

	 	 
	 	Cavalry
        Fund I LP

        61
Kinderkamack Road

        Woodcliff
Lake, NJ 07677

        

 

    	 	 	 

    	 

    

 

EXHIBIT
A

Form
of Joinder

Joinder
to Security Agreement

 

The
undersigned, ______________________________, hereby joins in the execution of that certain Security Agreement dated as of September
____, 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Security Agreement”)
by OncBioMune Pharmaceuticals, Inc., a Nevada corporation and OncBioMune, Inc., a Louisiana corporation, the Purchasers (as defined
therein), and each other Person that becomes a Debtor or a Purchaser thereunder after the date thereof and hereof and pursuant
to the terms thereof, to and in favor of Cavalry Fund I LP, a Delaware limited partnership, in its capacity as Collateral Agent
for Purchasers. By executing this Joinder, the undersigned hereby agrees that it is a Debtor thereunder and agrees to be bound
by all of the terms and provisions of the Security Agreement. The undersigned represents and warrants that the representations
and warranties set forth in the Security Agreement are, with respect to the undersigned, true and correct as of the date hereof.

 

The
undersigned represents and warrants to Secured Party that:

 

(a)
all of the Equipment, Inventory and Goods owned by such Debtor is located at the places as specified on Schedule I and
such Debtor conducts business in the jurisdiction set forth on Schedule I;

 

(b)
except as disclosed on Schedule I, none of such Collateral is in the possession of any bailee, warehousemen, processor
or consignee;

 

(c)
the chief place of business, chief executive office and the office where such Debtor keeps its books and records are located at
the place specified on Schedule I;

 

(d)
such Debtor (including any Person acquired by such Debtor) does not do business or has not done business during the past five
years under any tradename or fictitious business name, except as disclosed on Schedule II;

 

(e)
all Copyrights, Patents and Trademarks owned or licensed by the undersigned are listed in Schedules III, IV and
V, respectively;

 

(f)
all Deposit Accounts, securities accounts, brokerage accounts and other similar accounts maintained by such Debtor, and the financial
institutions at which such accounts are maintained, are listed on Schedule VI;

 

(g)
all Commercial Tort Claims of such Debtor are listed on Schedule VII;

 

(h)
all interests in real property and mining rights held by such Debtor are listed on Schedule VIII;

 

 (i) all Equipment (including Motor Vehicles) owned by such debtor are listed on Schedule IX.

 

	 	________________,
    a ________
	 	By:	

        

	 	Title:	 
	 	FEIN:Execution
Copy

 

NEITHER
THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO,
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A
LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.
THIS SECURITY AND THE SECURITIES ISSUABLE UPON CONVERSION OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

Original
Issue Date: September 24, 2018

 

$_____

 

10%
original issue discount

5%
Senior Convertible NOTE

DUE
MAY 24, 2019

 

THIS
10% SENIOR CONVERTIBLE NOTE is one of a series of duly authorized and validly issued 5% Senior Convertible Notes issued at a 10%
original issue discount by OncBioMune Pharmaceuticals, Inc., a Nevada corporation (the “Company”) (this note, the
“Note” and, collectively with the other notes of such series, the “Notes”).

 

FOR
VALUE RECEIVED, the Company promises to pay to Cavalry Fund I LP, or its registered assigns (the “Holder”), or shall
have paid pursuant to the terms hereunder, the principal sum of $_____ on the date that is the eight-month anniversary of the
Original Issue Date, or May 24, 2019 (the “Maturity Date”) or such earlier date as this Note is required or permitted
to be repaid as provided hereunder, and to pay interest to the Holder on the aggregate unconverted and then outstanding principal
amount of this Note in accordance with the provisions hereof. This Note is subject to the following additional provisions:

 

Section
1. Definitions. For the purposes hereof, (a) capitalized terms not otherwise defined herein shall have the
meanings set forth in the Purchase Agreement and (b) the following terms shall have the following meanings:

 

“Alternate
Consideration” shall have the meaning set forth in Section 5(e).

 

“Amortization
Payment” shall have the meaning set forth in Section 2(b).

 

“Bankruptcy
Event” means any of the following events: (a) the Company or any Significant Subsidiary (as such term is defined in Rule
1-02(w) of Regulation S-X) thereof commences a case or other proceeding under any bankruptcy, reorganization, arrangement, adjustment
of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating to the Company
or any Significant Subsidiary thereof, (b) there is commenced against the Company or any Significant Subsidiary thereof any such
case or proceeding that is not dismissed within 60 days after commencement, (c) the Company or any Significant Subsidiary thereof
is adjudicated insolvent or bankrupt or any order of relief or other order approving any such case or proceeding is entered, (d)
the Company or any Significant Subsidiary thereof suffers any appointment of any custodian or the like for it or any substantial
part of its property that is not discharged or stayed within 60 calendar days after such appointment, (e) the Company or any Significant
Subsidiary thereof makes a general assignment for the benefit of creditors, (f) the Company or any Significant Subsidiary thereof
calls a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts or (g) the Company
or any Significant Subsidiary thereof, by any act or failure to act, expressly indicates its consent to, approval of or acquiescence
in any of the foregoing or takes any corporate or other action for the purpose of effecting any of the foregoing.

 

    	 

    	 

    

 

“Base
Conversion Price” shall have the meaning set forth in Section 5(b).

 

“Beneficial
Ownership Limitation” shall have the meaning set forth in Section 4(d).

 

“Black
Scholes Value” means the value of the outstanding principal amount of this Note, plus all accrued and unpaid interest hereon
based on the Black and Scholes Option Pricing Model obtained from the “OV” function on Bloomberg L.P. (“Bloomberg”)
determined as of the day of consummation of the applicable Fundamental Transaction for pricing purposes and reflecting (A) a risk-free
interest rate corresponding to the U.S. Treasury rate for a period equal to the time between the date of the public announcement
of the applicable Fundamental Transaction and the Maturity Date, (B) an expected volatility equal to the greater of 100% and the
100 day volatility obtained from the HVT function on Bloomberg as of the Trading Day immediately following the public announcement
of the applicable Fundamental Transaction, (C) the underlying price per share used in such calculation shall be the sum of the
price per share being offered in cash, if any, plus the value of any non-cash consideration, if any, being offered in such Fundamental
Transaction and (D) a remaining option time equal to the time between the date of the public announcement of the applicable Fundamental
Transaction and the Maturity Date.

 

“Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any
day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

 

“Buy-In”
shall have the meaning set forth in Section 4(c)(v).

 

“Change
of Control Transaction” means the occurrence after the date hereof of any of (a) an acquisition after the date hereof by
an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of
effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of
in excess of 50% of the voting securities of the Company (other than by means of conversion, exercise or exchange of the Notes
or the Securities issued together with the Notes), (b) the Company merges into or consolidates with any other Person, or any Person
merges into or consolidates with the Company and, after giving effect to such transaction, the shareholders of the Company immediately
prior to such transaction own less than 50% of the aggregate voting power of the Company or the successor entity of such transaction,
(c) the Company sells or transfers all or substantially all of its assets to another Person and the shareholders of the Company
immediately prior to such transaction own less than 50% of the aggregate voting power of the acquiring entity immediately after
the transaction, (d) a replacement at one time or within a three year period of more than one-half of the members of the Board
of Directors which is not approved by a majority of those individuals who are members of the Board of Directors on the Original
Issue Date (or by those individuals who are serving as members of the Board of Directors on any date whose nomination to the Board
of Directors was approved by a majority of the members of the Board of Directors who are members on the date hereof), (e) either
of the individuals who are the Chief Executive Officer and Chief Financial Officer on the Original Issue Date cease to hold such
office; or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing
for any of the events set forth in clauses (a) through (d) above.

 

    	2

    	 

    

 

“Collateral
Agent” means the party appointed agent on behalf of all Purchasers in the Security Agreement dated September 24, 2018 by
and between the Company and the Collateral Agent.

 

“Conversion”
shall have the meaning ascribed to such term in Section 4.

 

“Conversion
Date” shall have the meaning set forth in Section 4(a).

 

“Conversion
Price” shall have the meaning set forth in Section 4(b).

 

“Conversion
Shares” means, collectively, the shares of Common Stock issuable upon conversion of this Note in accordance with the terms
hereof.

 

“Default
Conversion Price” shall have the meaning set forth in Section 4(b).

 

“Default
Interest Rate” shall have the meaning set forth in Section 2(a).

 

“Dilutive
Issuance” shall have the meaning set forth in Section 5(b).

 

“Dilutive
Issuance Notice” shall have the meaning set forth in Section 5(b).

 

“DWAC”
means the Deposit or Withdrawal at Custodian system at The Depository Trust Company.

 

“Event
of Default” shall have the meaning set forth in Section 7(a).

 

“Exempt
Issuance” shall have the meaning set forth in the Purchase Agreement.

 

“Fundamental
Transaction” shall have the meaning set forth in Section 5(e).

 

“Indebtedness”
shall have the meaning set forth in the Purchase Agreement.

 

“Late
Fees” shall have the meaning set forth in Section 2(c).

 

“Liens”
shall have the meaning set forth in the Purchase Agreement.

 

“Mandatory
Default Amount” means the sum of (a) (i) 140% of the outstanding principal amount of this Note (except in the case of an
Event of Default resulting from either (i) the failure to timely file SEC reports or to be in compliance with the current public
informational requirements under Rule 144(c) for a period of in excess of 5 Business Days , (ii) the incurrence of indebtedness
in violation of the terms hereof, or (iii) or the Company entering into any equity line of credit or similar agreement, issuing
or agreeing to issue any common stock, floating or variable priced equity linked instruments or any of the foregoing or equity
with price reset rights (subject to adjustment for stock splits, distributions, dividends, recapitalizations and the like)), in
each of which cases the percentage set forth in this subsection shall be 140%) plus (ii) accrued and unpaid interest hereon, including
Default Interest, and (b) all other amounts, costs, expenses and liquidated damages due in respect of this Note.

 

    	3

    	 

    

 

“New
York Courts” shall have the meaning set forth in Section 8(e).

 

“Note
Register” shall have the meaning set forth in Section 3(c).

 

“Notice
of Conversion” shall have the meaning set forth in Section 4(a).

 

“Option
Value” means the value of a Common Stock Equivalent based on the Black Scholes Option Pricing model obtained from the “OV”
function on Bloomberg determined as of (A) the Trading Day prior to the public announcement of the issuance of the applicable
Common Stock Equivalent, if the issuance of such Common Stock Equivalent is publicly announced or (B) the Trading Day immediately
following the issuance of the applicable Common Stock Equivalent if the issuance of such Common Stock Equivalent is not publicly
announced, for pricing purposes and reflecting (i) a risk-free interest rate corresponding to the U.S. Treasury rate for a period
equal to the remaining term of the applicable Common Stock Equivalent as of the applicable date of determination, (ii) an expected
volatility equal to the greater of 100% and the 100 day volatility obtained from the HVT function on Bloomberg as of (A) the Trading
Day immediately following the public announcement of the applicable Common Stock Equivalent if the issuance of such Common Stock
Equivalent is publicly announced or (B) the Trading Day immediately following the issuance of the applicable Common Stock Equivalent
if the issuance of such Common Stock Equivalent is not publicly announced, (iii) the underlying price per share used in such calculation
shall be the highest VWAP of the Common Stock during the period beginning on the Trading Day prior to the execution of definitive
documentation relating to the issuance of the applicable Common Stock Equivalent and ending on (A) the Trading Day immediately
following the public announcement of such issuance, if the issuance of such Common Stock Equivalent is publicly announced or (B)
the Trading Day immediately following the issuance of the applicable Common Stock Equivalent if the issuance of such Common Stock
Equivalent is not publicly announced, (iv) a zero cost of borrow and (v) a 360 day annualization factor.

 

“Original
Issue Date” means the date of the first issuance of the Notes, regardless of any transfers of any Note and regardless of
the number of instruments which may be issued to evidence such Notes.

 

“Payment
Date” shall have the meaning set forth in Section 2(b).

 

“Permitted
Indebtedness” means (a) the indebtedness evidenced by the Notes, (b) capital lease obligations and purchase money indebtedness
incurred in connection with the acquisition of machinery and equipment as long as such capital leases and indebtedness are approved
in advance by the Collateral Agent and (c) any indebtedness set forth on Schedule 3.1(aa) to the Purchase Agreement.

 

“Permitted
Lien” means the individual and collective reference to the following: (a) Liens for taxes, assessments and other governmental
charges or levies not yet due or Liens for taxes, assessments and other governmental charges or levies being contested in good
faith and by appropriate proceedings for which adequate reserves (in the good faith judgment of the management of the Company)
have been established in accordance with GAAP, (b) Liens imposed by law which were incurred in the ordinary course of the Company’s
business, such as carriers’, warehousemen’s and mechanics’ Liens, statutory landlords’ Liens, and other
similar Liens arising in the ordinary course of the Company’s business, and which (x) do not individually or in the aggregate
materially detract from the value of such property or assets or materially impair the use thereof in the operation of the business
of the Company and its consolidated Subsidiaries or (y) are being contested in good faith by appropriate proceedings, which proceedings
have the effect of preventing for the foreseeable future the forfeiture or sale of the property or asset subject to such Lien,
(c) Liens incurred in connection with Permitted Indebtedness under clauses (a) and (b) thereunder, and Liens set forth on Schedule
3.1(aa) to the Purchase Agreement.

 

    	4

    	 

    

 

“Purchase
Agreement” means the Securities Purchase Agreement, dated as of September 24, 2018 among the Company and the original Holders,
as amended, modified or supplemented from time to time in accordance with its terms.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Share
Delivery Date” shall have the meaning set forth in Section 4(c)(ii).

 

“Successor
Entity” shall have the meaning set forth in Section 5(e).

 

“Trading
Day” means a day on which the principal Trading Market is open for trading.

 

“Trading
Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the
date in question: the NYSE MKT, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New
York Stock Exchange, or any market of the OTC Markets, Inc. (or any successors to any of the foregoing).

 

“VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then
listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest
preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg (based on a
Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market,
the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable,
(c) if the Common Stock is not then listed or quoted for trading on the OTCQB or OTCQX and if prices for the Common Stock are
then reported by the OTC Pink marketplace published by OTC Markets, Inc. (or a similar organization or agency succeeding to its
functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases,
the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the Holders
of a majority in interest of the Notes then outstanding and reasonably acceptable to the Company, the fees and expenses of which
shall be paid by the Company.

 

Section
2. Interest; Amortization Payments.

 

(a) Interest.
Interest shall accrue to the Holder on the aggregate unconverted and then outstanding principal amount of this Note at the
rate of five percent (5%) per annum, calculated on the basis of a 360-day year and shall accrue daily commencing on the
Original Issue Date until payment in full of the outstanding principal (or conversion to the extent applicable), together
with all accrued and unpaid interest, liquidated damages and other amounts which may become due hereunder, has been made.
During the existence of an Event of Default, interest shall accrue at the lesser of (i) the rate of 18% per annum, or (ii)
the maximum amount permitted by law (the lesser of clause (i) or (ii), the “Default Interest Rate”).

 

(b) Amortization
Payments. The Company shall make three payments (each an “Amortization Payment”) as follows: on the
six-month anniversary of the Original Issue Date, on the seven-month anniversary of the Original Issue Date, and on the
Maturity Date (each such date a “Payment Date”), provided that if any Payment Date is not a Business Day, then
the applicable payment shall be due on the next succeeding Business Day. Each Amortization Payment shall be equal to
one-third of the original principal amount of the Note, plus all accrued interest thereon as of the Payment Date, as adjusted
pursuant to Section 2(c) below. At the Holder’s option (except as set forth herein), payment may be made in cash or in
duly authorized, validly issued, fully paid and non-assessable shares of Common Stock, provided the Company complies with the
Equity Conditions provided in Section 2(d), below.

 

    	5

    	 

    

 

(c) Payment
in Cash. All payments shall be made in cash on any Payment Date, unless paid in Common Stock under Section 2(d). If the
six-month Amortization Payment shall be paid in cash, the Company shall pay the Holder an amount equal to 110% of the
otherwise applicable Amortization Payment amount. If either the seven-month or Maturity Date Amortization Payment shall be
paid in cash, the Company shall pay the Holder an amount equal to 115% of the otherwise applicable Amortization Payment
amount.

 

(d) Payment
in Kind.

 

	 	(1)	Election
    to be paid in Common Stock. The Holder may elect at its option to receive the Amortization Payments in Common Stock.
	 	 	 
	 	(2)	DWAC
    Delivery. The shares of Common Stock shall be promptly delivered by DWAC upon conversion.
	 	 	 
	 	(3)	Valuation.
    If the Holder elects to receive shares of Common Stock delivered in payment of Amortization Payments, they shall be valued
    at the lower of the Conversion Price or 60% of the lowest closing price of the Common Stock as reported on the OTCQB or other
    principal Trading Market on which the Company’s shares are traded for the ten (10) prior Trading Days prior to the applicable
    Payment Date.

 

(e) Prepayment.
The Notes may be prepaid at any time until the 180th day following the Original Issue Date at an amount equal to (i) 115% of
outstanding principal balance of the Note and accrued and unpaid interest during the period from the Original Issue Date
through the five months following the Original Issue Date, and (ii) 120% of outstanding principal balance of the Notes and
accrued and unpaid interest during month six following the Original Issue Date. In order to prepay the Notes, the Company
shall provide 20 Trading Days prior written notice to the Holder, during which time the Holder may convert the Notes in whole
or in part at the Conversion Price. Payments under Section 2(c) shall not be deemed a prepayment for purposes of this Section
2(e).

 

Section
3. Registration of Transfers and Exchanges.

 

(a) Different
Denominations. This Note is exchangeable for an equal aggregate principal amount of Notes of different authorized
denominations, as requested by the Holder surrendering the same. No service charge will be payable for such registration of
transfer or exchange.

 

(b) Investor
Representations. This Note has been issued subject to certain investment representations of the original Holder set
forth in the Purchase Agreement and may be transferred or exchanged only in compliance with the Purchase Agreement and
applicable federal and state securities laws and regulations.

 

(c) Reliance
on Note Register. Prior to due presentment for transfer to the Company of this Note, the Company and any agent of the
Company may treat the Person in whose name this Note is duly registered on the Note Register as the owner hereof for the
purpose of receiving payment as herein provided and for all other purposes, whether or not this Note is overdue, and neither
the Company nor any such agent shall be affected by notice to the contrary.

 

    	6

    	 

    

 

Section
4. Conversion.

 

(a) Voluntary
Conversion. After the Original Issue Date until this Note is no longer outstanding, and provided that that the
provisions of Rule 144 under the Securities Act so permit, this Note shall be convertible, in whole or in part, at any time,
and from time to time, into shares of Common Stock at the option of the Holder. The Holder shall effect conversions by
delivering to the Company a Notice of Conversion, the form of which is attached hereto as Annex A (each, a
“Notice of Conversion”), specifying therein the principal amount of this Note to be converted and the date on
which such conversion shall be effected (such date, the “Conversion Date”). If no Conversion Date is specified in
a Notice of Conversion, the Conversion Date shall be the date that such Notice of Conversion is deemed delivered hereunder.
No ink-original Notice of Conversion shall be required, nor shall any medallion guarantee (or other type of guarantee or
notarization) of any Notice of Conversion form be required. To effect conversions hereunder, the Holder shall not be required
to physically surrender this Note to the Company unless the entire principal amount of this Note, plus all accrued and unpaid
interest thereon, has been so converted. Conversions hereunder shall have the effect of lowering the outstanding principal
amount of this Note in an amount equal to the applicable conversion. The Holder and the Company shall maintain records
showing the principal amount(s) converted in each conversion, the date of each conversion, and the Conversion Price in effect
at the time of each conversion. The Company may deliver an objection to any Notice of Conversion within one Business Day of
delivery of such Notice of Conversion. In the event of any dispute or discrepancy, the records of the Holder shall be
controlling and determinative in the absence of manifest error. The Holder, and any assignee by acceptance of this Note,
acknowledge and agree that, by reason of the provisions of this paragraph, following conversion of a portion of this Note,
the unpaid and unconverted principal amount of this Note may be less than the amount stated on the face
hereof.

 

(b) Conversion
Price. The “Conversion Price” in effect on any Conversion Date means, as of any Conversion Date or other date
of determination, two cents ($0.02) per share (subject to adjustment as provided herein), provided, however, that if
an Event of Default has occurred, regardless of whether such Event of Default has been cured or remains ongoing, the
Note shall be convertible at 60% of the lowest closing price during the prior twenty (20) Trading Days of the Common Stock
as reported on the Trading Market (the “Default Conversion Price”).

 

(c) Mechanics
of Conversion or Prepayment.

 

(i) Conversion
Shares Issuable Upon Conversion of Principal Amount. The number of Conversion Shares issuable upon a conversion
hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be
converted by (y) the Conversion Price in effect at the time of such conversion.

 

(ii) Delivery
of Certificate Upon Conversion. Not later than two (2) Trading Days after each Conversion Date (the “Share
Delivery Date”), the Company shall deliver, or cause to be delivered, to the Holder any certificate or certificates
required to be delivered by the Company under this Section 4(c) which, on or after the six month anniversary of the Original
Issue Date, shall be free of restrictive legends and trading restrictions (other than those which may then be required by the
Purchase Agreement) and such shares shall be delivered electronically through the Depository Trust Company or another
established clearing corporation performing similar functions.

 

    	7

    	 

    

 

(iii) Failure
to Deliver Certificates. If, in the case of any Notice of Conversion, such certificate or certificates are not delivered
to or as directed by the applicable Holder by the Share Delivery Date, the Holder shall be entitled to elect by written
notice to the Company at any time on or before its receipt of such certificate or certificates, to rescind such Conversion,
in which event the Company shall promptly return to the Holder any original Note delivered to the Company and the Holder
shall promptly return to the Company the Common Stock certificates issued to such Holder pursuant to the rescinded Conversion
Notice.

 

(iv) Obligation
Absolute; Partial Liquidated Damages. The Company’s obligations to issue and deliver the Conversion Shares upon
conversion of this Note in accordance with the terms hereof, are absolute and unconditional, irrespective of any action or
inaction by the Holder to enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any
judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or
termination, or any breach or alleged breach by the Holder or any other Person of any obligation to the Company or any
violation or alleged violation of law by the Holder or any other Person, and irrespective of any other circumstance which
might otherwise limit such obligation of the Company to the Holder in connection with the issuance of such Conversion Shares; provided, however,
that such delivery shall not operate as a waiver by the Company of any such action the Company may have against the Holder.
In the event the Holder of this Note shall elect to convert any or all of the outstanding principal amount hereof, the
Company may not refuse conversion based on any claim that the Holder or anyone associated or affiliated with the Holder has
been engaged in any violation of law, agreement or for any other reason, unless an injunction from a court, on notice to
Holder, restraining and or enjoining conversion or prepayment of all or part of this Note shall have been sought and
obtained, and the Company posts a surety bond for the benefit of the Holder in the amount of 150% of the outstanding
principal amount of this Note, which is subject to the injunction, which bond shall remain in effect until the completion of
arbitration/litigation of the underlying dispute and the proceeds of which shall be payable to the Holder to the extent it
obtains judgment. In the absence of such injunction, the Company shall issue Conversion Shares upon a properly noticed
conversion. If the Company fails for any reason to deliver to the Holder such certificate or certificates pursuant to Section
4(c)(ii) by the Share Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a
penalty, for each $1,000 of principal amount being converted, $10 per Trading Day (increasing to $20 per Trading Day on the
fifth (5th) Trading Day after such Conversion Date) for each Trading Day after such Share Delivery Date until such
certificates are delivered or Holder rescinds such conversion. In no event shall liquidated damages for any one
conversion exceed $1,000.00 for the first ten Trading Days. Nothing herein shall limit a Holder’s right to pursue
actual damages or declare an Event of Default pursuant to Section 7 hereof for the Company’s failure to deliver
Conversion Shares within the period specified herein and the Holder shall have the right to pursue all remedies available to
it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief.
The exercise of any such rights shall not prohibit the Holder from seeking to enforce damages pursuant to any other Section
hereof or under applicable law.

 

    	8

    	 

    

 

(v) Compensation
for Buy-In on Failure to Timely Deliver Certificates Upon Conversion. In addition to any other rights available to the
Holder, if the Company fails for any reason to deliver to the Holder such certificate or certificates by the Share Delivery
Date pursuant to Section 4(c)(ii), and if after such Share Delivery Date the Holder is required by its brokerage firm to
purchase (in an open market transaction or otherwise), or the Holder’s brokerage firm otherwise purchases, shares of
Common Stock to deliver in satisfaction of a sale by the Holder of the Conversion Shares which the Holder was entitled to
receive upon the conversion relating to such Share Delivery Date (a “Buy-In”), then the Company shall (A) pay in
cash to the Holder (in addition to any other remedies available to or elected by the Holder) the amount, if any, by which (x)
the Holder’s total purchase price (including any brokerage commissions) for the Common Stock so purchased exceeds (y)
the product of (1) the aggregate number of shares of Common Stock that the Holder was entitled to receive from the conversion
at issue multiplied by (2) the actual sale price at which the sell order giving rise to such purchase obligation was executed
(including any brokerage commissions) and (B) at the option of the Holder, either reissue (if surrendered) this Note in a
principal amount equal to the principal amount of the attempted conversion (in which case such conversion shall be deemed
rescinded) or deliver to the Holder the number of shares of Common Stock that would have been issued if the Company had
timely complied with its delivery requirements under Section 4(c)(ii). For example, if the Holder purchases Common Stock
having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted conversion of this Note with respect
to which the actual sale price of the Conversion Shares (including any brokerage commissions) giving rise to such purchase
obligation was a total of $10,000 under clause (A) of the immediately preceding sentence, the Company shall be required to
pay the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable to the Holder in
respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall limit a
Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including, without
limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure to
timely deliver certificates representing shares of Common Stock upon conversion of this Note as required pursuant to the
terms hereof.

 

(vi) Reservation
of Shares Issuable Upon Conversion. Subject to the Company’s shareholders approving an amendment to the
Company’s Articles of Incorporation to increase the number of shares of the Company’s Common Stock that the
Company is authorized to issue and filing of this amendment with the Secretary of State of the State of Nevada, the Company
covenants that it will reserve and keep available out of its authorized and unissued shares of Common Stock for the purpose
of issuances upon conversion of this Note (and other purposes further detailed in the Purchase Agreement), free from
preemptive rights or any other actual contingent purchase rights of Persons other than the Holder (and the other holders of
the Notes), not less than the amount of shares designated in Section 4.9 of the Purchase Agreement. The Company covenants
that all shares of Common Stock that shall be so issuable shall, upon issue, be duly authorized, validly issued, fully paid
and nonassessable.

 

(vii) Fractional
Shares. No fractional shares or scrip representing fractional shares shall be issued upon the conversion of this Note.
As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company
shall at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction
multiplied by the Conversion Price or round up to the next whole share.

 

(viii) Transfer
Taxes and Expenses. The issuance of certificates for shares of the Common Stock on conversion of this Note shall be made
without charge to the Holder hereof for any documentary stamp or similar taxes that may be payable in respect of the issue or
delivery of such certificates, provided that, the Company shall not be required to pay any tax that may be payable in respect
of any transfer involved in the issuance and delivery of any such certificate upon conversion in a name other than that of
the Holder of this Note so converted and the Company shall not be required to issue or deliver such certificates unless or
until the Person or Persons requesting the issuance thereof shall have paid to the Company the amount of such tax or shall
have established to the satisfaction of the Company that such tax has been paid. The Company shall pay all Transfer Agent
fees required for same-day processing of any Notice of Conversion and all fees to the Depository Trust Company (or another
established clearing corporation performing similar functions) required for same-day electronic delivery of the Conversion
Shares.

 

    	9

    	 

    

 

(d) Holder’s
Conversion Limitations. The Company shall not effect any conversion of this Note, and a Holder shall not have the right
to convert any portion of this Note, to the extent that after giving effect to the conversion set forth on the applicable
Notice of Conversion, the Holder (together with the Holder’s Affiliates, and any Persons acting as a group together
with the Holder or any of the Holder’s Affiliates) would beneficially own in excess of the Beneficial Ownership
Limitation (as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially
owned by the Holder and its Affiliates shall include the number of shares of Common Stock issuable upon conversion of this
Note with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which are
issuable upon (i) conversion of the remaining, unconverted principal amount of this Note beneficially owned by the Holder or
any of its Affiliates and (ii) exercise or conversion of the unexercised or unconverted portion of any other securities of
the Company subject to a limitation on conversion or exercise analogous to the limitation contained herein (including,
without limitation, any other Notes or the Warrants) beneficially owned by the Holder or any of its Affiliates. Except as set
forth in the preceding sentence, for purposes of this Section 4(d), beneficial ownership shall be calculated in accordance
with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. To the extent that the
limitation contained in this Section 4(d) applies, the determination of whether this Note is convertible (in relation to
other securities owned by the Holder together with any Affiliates) and of which principal amount of this Note is convertible
shall be in the sole discretion of the Holder, and the submission of a Notice of Conversion shall be deemed to be the
Holder’s determination of whether this Note may be converted (in relation to other securities owned by the
Holder together with any Affiliates) and which principal amount of this Note is convertible, in each case subject to the
Beneficial Ownership Limitation. To ensure compliance with this restriction, the Holder will be deemed to represent to the
Company each time it delivers a Notice of Conversion that such Notice of Conversion has not violated the restrictions set
forth in this paragraph and the Company shall have no obligation to verify or confirm the accuracy of such determination. In
addition, a determination as to any group status as contemplated above shall be determined in accordance with Section 13(d)
of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section 4(d), in determining
the number of outstanding shares of Common Stock, the Holder may rely on the number of outstanding shares of Common Stock as
stated in the most recent of the following: (i) the Company’s most recent periodic or annual report filed with the SEC,
as the case may be, (ii) a more recent public announcement by the Company, or (iii) a more recent written notice by the
Company or the Company’s transfer agent setting forth the number of shares of Common Stock outstanding. Upon the
written or oral request of a Holder, the Company shall within two Trading Days confirm orally and in writing to the Holder
the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be
determined after giving effect to the conversion or exercise of securities of the Company, including this Note, by the Holder
or its Affiliates since the date as of which such number of outstanding shares of Common Stock was reported. The
“Beneficial Ownership Limitation” shall be 2.49% of the number of shares of the Common Stock outstanding
immediately after giving effect to the issuance of shares of Common Stock issuable upon conversion of this Note held by the
Holder. The Holder, upon not less than 61 days’ prior notice to the Company, may increase the Beneficial Ownership
Limitation provisions of this Section 4(d) solely with respect to the Holder’s Note, provided that the Beneficial
Ownership Limitation in no event exceeds 9.99% of the number of shares of Common Stock outstanding immediately after giving
effect to the issuance of shares of Common Stock upon conversion of this Note held by the Holder and the provisions of this
Section 4(d) shall continue to apply. Any such increase or decrease will not be effective until the 61st day after such
notice is delivered to the Company. The Holder may also decrease the Beneficial Ownership Limitation provisions of this
Section 4(d) solely with respect to the Holder’s Note at any time, which decrease shall be effectively immediately upon
delivery of notice to the Company. The Beneficial Ownership Limitation provisions of this paragraph shall be construed and
implemented in a manner otherwise than in strict conformity with the terms of this Section 4(d) to correct this paragraph (or
any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation contained herein
or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations
contained in this paragraph shall apply to a successor holder of this Note.

 

    	10

    	 

    

 

Section
5. Certain Adjustments.

 

(a) Stock
Dividends and Stock Splits. If the Company, at any time while this Note is outstanding: (i) pays a stock dividend or
otherwise makes a distribution or distributions payable in shares of Common Stock on shares of Common Stock or any Common
Stock Equivalents (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon
conversion of, or payment of interest on, the Notes or pursuant to any of the other Transaction Documents), (ii) subdivides
outstanding shares of Common Stock into a larger number of shares, (iii) combines (including by way of a reverse stock split)
outstanding shares of Common Stock into a smaller number of shares or (iv) issues, in the event of a reclassification of
shares of the Common Stock, any shares of capital stock of the Company, then the Conversion Price shall be multiplied by a
fraction of which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of the Company)
outstanding immediately before such event, and of which the denominator shall be the number of shares of Common Stock
outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective immediately
after the record date for the determination of shareholders entitled to receive such dividend or distribution and shall
become effective immediately after the effective date in the case of a subdivision, combination or
re-classification.

 

(b) Subsequent
Equity Sales. If, at any time, for so long as the Note or any amounts accrued and payable thereunder remain outstanding,
the Company or any Subsidiary, as applicable, sells or grants any option to purchase or sells or grants any right to reprice,
or otherwise disposes of or issues (or announces any sale, grant or any option to purchase or other disposition), any Common
Stock or Common Stock Equivalents entitling any Person to acquire shares of Common Stock at an effective price per share that
is lower than the Conversion Price then in effect (such lower price, the “Base Conversion Price” and each such
issuance or announcement a “Dilutive Issuance”), then the Conversion Price shall be immediately reduced to equal
the Base Conversion Price. Such adjustment shall be made whenever such Common Stock or Common Stock Equivalents are
issued.

 

If
the price per share for which shares of Common Stock are sold, or may be issuable pursuant to any such Common Stock Equivalent,
is less than the Conversion Price then in effect, or if, after any such issuance of Common Stock Equivalents, the price per share
for which shares of Common Stock may be issuable thereafter is amended or adjusted, and such price as so amended shall be less
than the Conversion Price in effect at the time of such amendment or adjustment, then the Conversion Price shall be adjusted upon
each such issuance or amendment as provided in this Section 5(b). In case any Common Stock Equivalent is issued in connection
with the issue or sale of other securities of the Company, together comprising one integrated transaction, (x) the Common Stock
Equivalents will be deemed to have been issued for the Option Value of such Common Stock Equivalents and (y) the other securities
issued or sold in such integrated transaction shall be deemed to have been issued or sold for the difference of (I) the aggregate
consideration received by the Company less any consideration paid or payable by the Company pursuant to the terms of such other
securities of the Company, less (II) the Option Value. If any shares of Common Stock or Common Stock Equivalents are issued or
sold or deemed to have been issued or sold for cash, the amount of such consideration received by the Company will be deemed to
be the net amount received by the Company therefor. If any shares of Common Stock or Common Stock Equivalents are issued or sold
for a consideration other than cash, the amount of such consideration received by the Company will be the fair value of such consideration,
except where such consideration consists of publicly traded securities, in which case the amount of consideration received by
the Company will be the VWAP of such public traded securities on the date of receipt. If any shares of Common Stock or Common
Stock Equivalents are issued to the owners of the non-surviving entity in connection with any merger in which the Company is the
surviving entity, the amount of consideration therefor will be deemed to be the fair value of such portion of the net assets and
business of the non-surviving entity as is attributable to such shares of Common Stock or Common Stock Equivalents, as the case
may be.

 

    	11

    	 

    

 

If
the holder of Common Stock or Common Stock Equivalents outstanding on the Original Issue Date or issued thereafter shall at any
time, whether by operation of purchase price adjustments, reset provisions, floating conversion, exercise or exchange prices or
otherwise, or due to warrants, options or rights per share which are issued in connection with such issuance, be entitled to receive
shares of Common Stock at an effective price per share that is lower than the Conversion Price then in effect, such issuance shall
be deemed to have occurred for less than the Conversion Price on such date and such issuance shall be deemed to be a Dilutive
Issuance.

 

If
the Company enters into a Variable Rate Transaction despite the prohibition set forth in the Purchase Agreement, the Company shall
be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible conversion price at which such securities
may be converted or exercised under the terms of such Variable Rate Transaction.

 

The
Company shall notify the Holder in writing, no later than the Trading Day following the issuance of any Common Stock or Common
Stock Equivalents subject to this Section 5(b), indicating therein the applicable issuance price, or applicable reset price, exchange
price, conversion price and other pricing terms (such notice, the “Dilutive Issuance Notice”). For purposes of clarification,
whether or not the Company provides a Dilutive Issuance Notice pursuant to this Section 5(b), upon the occurrence of any Dilutive
Issuance, the Holder is entitled to receive a number of Conversion Shares based upon the Base Conversion Price on or after the
date of such Dilutive Issuance, regardless of whether the Holder accurately refers to the Base Conversion Price in the Notice
of Conversion.

 

The
provisions of this Section 5(b) shall apply each time a Dilutive Issuance occurs after the Original Issue Date for so long as
the Note or any amounts accrued and payable thereunder remain outstanding, but any adjustment of the Conversion Price pursuant
to this Section 5(b) shall be downward only. Notwithstanding the foregoing, no adjustment will be made under this Section 5(b)
in respect of an Exempt Issuance.

 

(c) Subsequent
Rights Offerings. In addition to any adjustments pursuant to Section 5(a) above, if at any time the Company grants,
issues or sells any Common Stock, Common Stock Equivalents or rights to purchase stock, warrants, securities or other
property pro rata to the record holders of any class of shares of Common Stock (the “Purchase Rights”), then the
Holder will be entitled to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which
the Holder could have acquired if the Holder had held the number of shares of Common Stock acquirable upon complete
conversion of this Note (without regard to any limitations on conversion hereof, including without limitation, the Beneficial
Ownership Limitation) immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase
Rights, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be
determined for the grant, issue or sale of such Purchase Rights (provided, however, to the extent that the
Holder’s right to participate in any such Purchase Right would result in the Holder exceeding the Beneficial Ownership
Limitation, then the Holder shall not be entitled to participate in such Purchase Right to such extent (or beneficial
ownership of such shares of Common Stock as a result of such Purchase Right to such extent) and such Purchase Right to such
extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto would not result in the Holder
exceeding the Beneficial Ownership Limitation).

 

    	12

    	 

    

 

(d) Pro
Rata Distributions. During such time as this Note is outstanding, if the Company shall declare or make any dividend or
other distribution of its assets or rights or warrants to acquire its assets, or subscribe for or purchase any security other
than Common Stock, to holders of shares of Common Stock, by way of return of capital or otherwise (including, without
limitation, any distribution of cash, stock or other securities, property or options by way of a dividend, spin off,
reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a
“Distribution”), at any time after the issuance of this Note, then, in each such case, the Holder shall be
entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder
had held the number of shares of Common Stock acquirable upon complete conversion of this Note (without regard to any
limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the
date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the record
holders of shares of Common Stock are to be determined for the participation in such Distribution
(provided, however, to the extent that the Holder’s right to participate in any such Distribution would
result in the Holder exceeding the Beneficial Ownership Limitation with respect to the Company or any other publicly-traded
corporation subject to Section 13(d) of the Exchange Act, then the Holder shall not be entitled to participate in such
Distribution to such extent (or in the beneficial ownership of any shares of common stock as a result of such Distribution to
such extent) and the portion of such Distribution shall be held in abeyance for the benefit of the Holder until such time, if
ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation with respect to the
Company or any other publicly-traded corporation subject to Section 13(d) of the Exchange Act).

 

(e) Fundamental
Transaction. If, at any time while this Note is outstanding, (i) the Company, directly or indirectly, in one or
more related transactions effects any merger or consolidation of the Company with or into another Person, (ii) the
Company, directly or indirectly, effects any sale, lease, license, assignment, transfer, conveyance or other disposition of
all or substantially all of its assets in one or a series of related transactions, (iii) any, direct or indirect, purchase
offer, tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which holders of
Common Stock are permitted to sell, tender or exchange their shares for other securities, cash or property and has been
accepted by the holders of 50% or more of the outstanding Common Stock, (iv) the Company, directly or indirectly, in one or
more related transactions effects any reclassification, reorganization or recapitalization of the Common Stock or any
compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged for other securities,
cash or property, (v) the Company, directly or indirectly, in one or more related transactions consummates a stock or share
purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off
or scheme of arrangement) with another Person whereby such other Person acquires more than 50% of the outstanding shares
of Common Stock (not including any shares of Common Stock held by the other Person or other Persons making or party to,
or associated or affiliated with the other Persons making or party to, such stock or share purchase agreement or other
business combination) (each a “Fundamental Transaction”), then, upon any subsequent conversion of this Note, the
Holder shall have the right to receive, for each Conversion Share that would have been issuable upon such
conversion immediately prior to the occurrence of such Fundamental Transaction (without regard to any limitation on the
conversion of this Note), the number of shares of Common Stock of the successor or acquiring corporation or of the Company,
if it is the surviving corporation, and any additional consideration (the “Alternate Consideration”) receivable
as a result of such Fundamental Transaction by a holder of the number of shares of Common Stock for which this Note is
convertible immediately prior to such Fundamental Transaction (without regard to any limitation on the conversion of this
Note). For purposes of any such conversion, the determination of the Conversion Price shall be appropriately adjusted to
apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one (1) share of
Common Stock in such Fundamental Transaction, and the Company shall apportion the Conversion Price among the Alternate
Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate
Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in a
Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon
any conversion of this Note following such Fundamental Transaction. Notwithstanding anything to the contrary, in the event of
a Fundamental Transaction that is (1) an all cash transaction, (2) a “Rule 13e-3 transaction” as defined in Rule
13e-3 under the Exchange Act, or (3) a Fundamental Transaction involving a person or entity not traded on a national
securities exchange or trading market (with such exchange or market including, without limitation, the Nasdaq Global Select
Trading Market, the Nasdaq Global Market, or the Nasdaq Capital Market, The New York Stock Exchange, Inc., the NYSE MKT or
the OTCQB), the Company or any Successor Entity (as defined below) shall, at the Holder’s option, exercisable
concurrently with the consummation of the Fundamental Transaction, purchase this Note from the Holder by paying to the Holder
the higher of (i) an amount of cash equal to the Black Scholes Value of the outstanding principal of this Note on the date of
the consummation of such Fundamental Transaction, or (ii) the product of (a) the number of Conversion Shares issuable upon
full conversion of this Note (without regard to any limitation on conversion of this Note) and (b) the positive difference
between the cash per share paid in such Fundamental Transaction minus the then in effect Conversion Price. The Company shall
cause any successor entity in a Fundamental Transaction in which the Company is not the survivor (the “Successor
Entity”) to assume in writing all of the obligations of the Company under this Note and the other Transaction Documents
(as defined in the Purchase Agreement) in accordance with the provisions of this Section 5(e) pursuant to written agreements
in form and substance reasonably satisfactory to the Holder and approved by the Holder (without unreasonable delay) prior to
such Fundamental Transaction and shall, at the option of the holder of this Note, deliver to the Holder in exchange for this
Note a security of the Successor Entity evidenced by a written instrument substantially similar in form and substance to this
Note which is convertible for a corresponding number of shares of capital stock of such Successor Entity (or its parent
entity) equivalent to the shares of Common Stock acquirable and receivable upon conversion of this Note (without regard to
any limitations on the conversion of this Note) prior to such Fundamental Transaction, and with a conversion price which
applies the Conversion Price hereunder to such shares of capital stock (but taking into account the relative value of the
shares of Common Stock pursuant to such Fundamental Transaction and the value of such shares of capital stock, such number of
shares of capital stock and such conversion price being for the purpose of protecting the economic value of this Note
immediately prior to the consummation of such Fundamental Transaction), and which is reasonably satisfactory in form and
substance to the Holder. Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to, and
be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this Note and the
other Transaction Documents referring to the “Company” shall refer instead to the Successor Entity), and may
exercise every right and power of the Company and shall assume all of the obligations of the Company under this Note and the
other Transaction Documents with the same effect as if such Successor Entity had been named as the Company herein.
Notwithstanding anything in this Section 5(d), an Exempt Issuance (as defined in the Purchase Agreement) shall not be deemed
a Fundamental Transaction.

 

(f) Calculations.
All calculations under this Section 5 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may
be. For purposes of this Section 5, the number of shares of Common Stock deemed to be issued and outstanding as of a given
date shall be the sum of the number of shares of Common Stock (excluding any treasury shares of the Company) issued and
outstanding.

 

    	13

    	 

    

 

(g) Notice
to the Holder.

 

(i) Adjustment
to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any provision of this Section 5, the Company
shall promptly deliver to each Holder a notice setting forth the Conversion Price after such adjustment and setting forth a
brief statement of the facts requiring such adjustment.

 

(ii) Notice
to Allow Conversion by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever form)
on the Common Stock, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common
Stock, (C) the Company shall authorize the granting to all holders of the Common Stock of rights or warrants to subscribe for
or purchase any shares of capital stock of any class or of any rights, (D) the approval of any shareholders of the Company
shall be required in connection with any reclassification of the Common Stock, any consolidation or merger to which the
Company is a party, any sale or transfer of all or substantially all of the assets of the Company, or any compulsory share
exchange whereby the Common Stock is converted into other securities, cash or property or (E) the Company shall authorize the
voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company, then, in each case, the
Company shall cause to be filed at each office or agency maintained for the purpose of conversion of this Note, and shall
cause to be delivered to the Holder at its last address as it shall appear upon the Note Register, at least 20 calendar days
prior to the applicable record or effective date hereinafter specified, a notice stating (x) the date on which a record is to
be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record is not to be taken,
the date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions, redemption,
rights or warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer
or share exchange is expected to become effective or close, and the date as of which it is expected that holders of the
Common Stock of record shall be entitled to exchange their shares of the Common Stock for securities, cash or other property
deliverable upon such reclassification, consolidation, merger, sale, transfer or share exchange, provided that the failure to
deliver such notice or any defect therein or in the delivery thereof shall not affect the validity of the corporate action
required to be specified in such notice. To the extent that any notice provided hereunder constitutes, or contains, material,
non-public information regarding the Company or any of the Subsidiaries (as determined in good faith by the Company), the
Company or its successor shall simultaneously file such notice with the SEC pursuant to a Current Report on Form 8-K. If
the Company does not simultaneously file the required Form 8-K, the Holder shall be entitled penalties in accordance with
Section 4.6 of the Purchase Agreement. The Holder shall remain entitled to convert this Note during the 20-day period
commencing on the date of such notice through the effective date of the event triggering such notice except as may otherwise
be expressly set forth herein.

 

Section
6. Negative Covenants. As long as any portion of this Note remains outstanding, unless the holders of at least
75% in principal amount of the then outstanding Notes shall have otherwise given prior written consent, the Company shall
not, and shall not permit any of the Subsidiaries to, directly or indirectly:

 

(a)
other than Permitted Indebtedness, enter into, create, incur, assume, guarantee or suffer to exist any indebtedness for
borrowed money of any kind, including, but not limited to, a guarantee, on or with respect to any of its property or assets
now owned or hereafter acquired or any interest therein or any income or profits therefrom;

 

(b)
other than Permitted Liens, enter into, create, incur, assume or suffer to exist any Liens of any kind, on or with respect to
any of its property or assets now owned or hereafter acquired or any interest therein or any income or profits
therefrom;

 

    	14

    	 

    

 

(c)
amend its charter documents, including, without limitation, its certificate of incorporation and bylaws, in any manner that
materially and adversely affects any rights of the Holder (provided, however, the consent of the Holders shall not be
required in connection with the first clause of the first sentence of Section 4(c)(vi) above), provided the Company may amend
its Articles of Incorporation to increase the number of authorized shares of its common stock or effect a reverse split of
its Common Stock;

 

(d)
other than with respect to Permitted Indebtedness and the consummation of the transactions contemplated by the Redemption Agreement,
repay, repurchase or offer to repay, repurchase or otherwise acquire more than a de minimis number of shares of
its Common Stock or Common Stock Equivalents other than as to the Conversion Shares or Warrant Shares as permitted or required
under the Transaction Documents;

 

(e)
other than with respect to Permitted Indebtedness and the consummation of the transactions contemplated by the Redemption
Agreement repay, repurchase or offer to repay, repurchase or otherwise acquire any Indebtedness, other than the Notes if on a
pro-rata basis, other than regularly scheduled principal and interest payments as such terms are in effect as of the Original
Issue Date, provided that such payments shall not be permitted if, at such time, or after giving effect to such payment, any
Event of Default exist or occur;

 

(f)
pay cash dividends or distributions on any equity securities of the Company;

 

(g)
enter into any transaction with any Affiliate of the Company which would be required to be disclosed in any public filing
with the SEC assuming that the Company is subject to the Securities Act or the Exchange Act, unless such transaction is made
on an arm’s-length basis and expressly approved by a majority of the disinterested directors of the Company (even if
less than a quorum otherwise required for board approval);

 

(h)
issue any equity securities of the Company other than pursuant to the provisions of the Purchase Agreement or an Exempt
Issuance; or

 

(i)
enter into any agreement with respect to any of the foregoing.

 

Section
7. Events of Default.

 

(a)
“Event of Default” means, wherever used herein, any of the following events (whatever the reason for such
event and whether such event shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment,
decree or order of any court, or any order, rule or regulation of any administrative or governmental body):

 

(i)
any default in the payment of (A) the principal amount of any Note or (B) interest, late fees, liquidated damages and other
amounts owing to a Holder on any Note, as and when the same shall become due and payable (whether on a Conversion Date,
Payment Date or the Maturity Date, or by acceleration or otherwise) which default, solely in the case of an interest payment
or other default under clause (B) above, is not cured within five Trading Days;

 

(ii)
the Company shall fail to observe or perform any other covenant or agreement contained in the Notes (other than a breach by
the Company of its obligations to deliver shares of Common Stock to the Holder upon conversion, which breach is addressed in
clause (xi) below) or any Transaction Document which failure is not cured, if possible to cure, within the earlier to occur
of (A) seven Trading Days after notice of such failure sent by the Holder or by any other Holder to the Company and (B) 10
Trading Days after the Company has become aware of such failure;

 

    	15

    	 

    

 

(iii)
a default or event of default (subject to any grace or cure period provided in the applicable agreement, document or
instrument) shall occur under (A) any of the Transaction Documents or (B) any other material agreement, lease, document or
instrument to which the Company or any Subsidiary is obligated (and not covered by any other clause of this Section 7) which
default (but not event of default) if not cured, if possible to cure, within the earlier to occur of (i) seven Trading Days
after notice of such default sent by Holder or by any other holder to the Company and (ii) 10 Trading Days after the Company
has become aware of such default;

 

(iv)
any representation or warranty made in this Note, any other Transaction Document, any written statement pursuant hereto or
thereto or any other report, financial statement or certificate made or delivered to the Holder or any other Holder shall be
untrue or incorrect in any material respect as of the date when made or deemed made;

 

(v)
the Company or any Significant Subsidiary (as such term is defined in Rule 1-02(w) of Regulation S-X) shall be subject to a
Bankruptcy Event;

 

(vi)
the Company or any Subsidiary shall default on any of its obligations under any mortgage, credit agreement or other facility,
indenture agreement, factoring agreement or other instrument under which there may be issued, or by which there may be
secured or evidenced, any indebtedness for borrowed money or money due under any long term leasing or factoring arrangement
that (a) involves an obligation greater than $25,000, whether such indebtedness now exists or shall hereafter be created, and
(b) results in such indebtedness becoming or being declared due and payable prior to the date on which it would otherwise
become due and payable and such default is not cured within the earlier to occur of (i) seven Trading Days after notice of
such default sent by Holder or by any other holder to the Company and (ii) 10 Trading Days after the Company has become aware
of such default;

 

(vii)
the Common Stock shall not be eligible for listing or quotation for trading on a Trading Market and shall not be eligible to
resume listing or quotation for trading thereon within 10 Trading Days;

 

(viii)
the Common Stock shall not be eligible for listing or quotation for trading on a Trading Market for a period longer than 10
Trading Days. Except for an Exempt Issuance, the Company shall be a party to any Change of Control Transaction or shall agree
to sell or dispose of all or in excess of 50% of its assets in one transaction or a series of related transactions (whether
or not such sale would constitute a Change of Control Transaction);

 

(ix)
from and after the Original Issue Date, the Company fails to have authorized and reserved the amount of shares designated in
Section 4.9 of the Purchase Agreement (without regard to any limitations on conversion hereof, including without limitation,
the Beneficial Ownership Limitation) and shall not have cured such failure within 10 Trading Days of such failure;

 

(x)
the Company shall fail for any reason, except if caused by the action or inaction of the Holder to deliver certificates to a
Holder prior to the second Trading Day after a Conversion Date pursuant to Section 4(c) or the Company shall provide at any
time notice to the Holder, including by way of public announcement, of the Company’s intention to not honor requests
for conversions of any Notes in accordance with the terms hereof; or

 

(xi)
any monetary judgment, writ or similar final process shall be entered or filed against the Company, any Subsidiary or any of
their respective property or other assets for more than $25,000, and such judgment, writ or similar final process shall
remain unvacated, unbonded or unstayed for a period of 10 calendar days.

 

    	16

    	 

    

 

(b) Remedies
Upon Event of Default. If any Event of Default occurs, the outstanding principal amount of this Note, plus accrued but
unpaid interest, liquidated damages and other amounts owing in respect thereof through the date of acceleration, shall
become, at the Holder’s election, immediately due and payable in cash at the Mandatory Default Amount. Upon the payment
in full of the Mandatory Default Amount, the Holder shall promptly surrender this Note to or as directed by the Company. In
connection with such acceleration described herein, the Holder need not provide, and the Company hereby waives, any
presentment, demand, protest or other notice of any kind, and the Holder may immediately and without expiration of any grace
period enforce any and all of its rights and remedies hereunder and all other remedies available to it under applicable law.
Such acceleration may be rescinded and annulled by Holder at any time prior to payment hereunder and the Holder shall have
all rights as a holder of the Note until such time, if any, as the Holder receives full payment pursuant to this Section
7(b). No such rescission or annulment shall affect any subsequent Event of Default or impair any right consequent
thereon.

 

(c) Interest
Rate Upon Event of Default. Commencing on the occurrence of any Event of Default and until such Event of Default is
cured, this Note shall accrue interest at an interest rate equal to the Default Interest Rate.

 

(d) Conversion
Price Upon Event of Default. Commencing on the occurrence of any Event of Default and until such Event of Default is
cured, this Note shall be convertible at the Default Conversion Price.

 

(e) Confession
of Judgment. In addition to, and not in limitation of, the Holder’s other remedies under applicable law, including
as provided herein, upon an Event of Default, the Holder shall file with the appropriate court of law the Affidavit of
Confession of Judgment executed by the Company in connection with issuance of the Note, in the form attached as Exhibit
A hereto.

 

Section
8. Miscellaneous.

 

(a) No
Rights as Stockholder Until Conversion. This Note does not entitle the Holder to any voting rights, dividends or other
rights as a stockholder of the Company prior to the conversion hereof other than as explicitly set forth in Section
5.

 

(b) Notices.
All notices, offers, acceptance and any other acts under this Agreement (except payment) shall be in writing, and shall be
sufficiently given if delivered to the addressees in person, by Federal Express or similar receipted next business day
delivery, as follows:

 

	 	If
    to the Company:	OncBioMune
    Pharmaceuticals, Inc.
	 	 	11441
    Industriplex Blvd, Suite 190
	 	 	Baton
    Rouge, LA 70809
	 	 	Attention:
    Chief Executive Officer
	 	 	 
	 	with
    a copy to:	 
	 	(which
    shall not	Sichenzia
    Ross Ference LLP
	 	Constitute
    notice)	1185
    Avenue of the Americas, 37th Floor
	 	 	New
    York, NY 10036
	 	 	Attention:
    Thomas Rose
	 	 	 
	 	If
    to Holder:	Cavalry
    Fund I LP
	 	 	61
    Kinderkamack Road
	 	 	Woodcliff
    Lake, NJ 07677
	 	 	Attention:
    Thomas Walsh

 

or
to such other address as any of them, by notice to the other may designate from time to time. Time shall be counted to, or from,
as the case may be, the date of delivery.

 

    	17

    	 

    

 

(c)
Absolute Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation
of the Company, which is absolute and unconditional, to pay the principal of, liquidated damages and accrued interest and late
fees, as applicable, on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. This Note is a
direct debt obligation of the Company. This Note ranks pari passu with all other Notes now or hereafter issued under
the Purchase Agreement.

 

(d) Lost
or Mutilated Note. If this Note shall be mutilated, lost, stolen or destroyed, the Company shall execute and deliver, in
exchange and substitution for and upon cancellation of a mutilated Note, or in lieu of or in substitution for a lost, stolen
or destroyed Note, a new Note for the principal amount of this Note so mutilated, lost, stolen or destroyed, but only upon
receipt of evidence of such loss, theft or destruction of such Note, and of the ownership hereof, reasonably satisfactory to
the Company.

 

(e) Exclusive
Jurisdiction; Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this
Note shall be governed by and construed and enforced in accordance with the internal laws of the State of New York, without
regard to the principles of conflict of laws thereof. Each party agrees that all legal proceedings concerning the
interpretation, enforcement and defense of the transactions contemplated by any of the Transaction Documents (whether brought
against a party hereto or its respective Affiliates, directors, officers, shareholders, employees or agents) shall only be
commenced in the state and federal courts sitting in New York County, New York (the “New York Courts”). Each
party hereto hereby irrevocably submits to the exclusive jurisdiction of the New York Courts for the adjudication of any
dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with
respect to the enforcement of any of the Transaction Documents), and hereby irrevocably waives, and agrees not to assert in
any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of such New York Courts, or
such New York Courts are improper or inconvenient venue for such proceeding. Each party hereby irrevocably waives personal
service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via
registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for
notices to it under this Note and agrees that such service shall constitute good and sufficient service of process and notice
thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner
permitted by applicable law. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable law,
any and all right to trial by jury in any legal proceeding arising out of or relating to this Note or the transactions
contemplated hereby.

 

    	18

    	 

    

 

(f) Waiver.
Any waiver by the Company or the Holder of a breach of any provision of this Note shall not operate as or be construed to be
a waiver of any other breach of such provision or of any breach of any other provision of this Note. The failure of the
Company or the Holder to insist upon strict adherence to any term of this Note on one or more occasions shall not be
considered a waiver or deprive that party of the right thereafter to insist upon strict adherence to that term or any other
term of this Note on any other occasion. Any waiver by the Company or the Holder must be in writing.

 

(g) Severability.
If any provision of this Note is invalid, illegal or unenforceable, the balance of this Note shall remain in effect, and if
any provision is inapplicable to any Person or circumstance, it shall nevertheless remain applicable to all other Persons and
circumstances. If it shall be found that any interest or other amount deemed interest due hereunder violates the applicable
law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate
of interest permitted under applicable law. The Company covenants (to the extent that it may lawfully do so) that it shall
not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay,
extension or usury law or other law which would prohibit or forgive the Company from paying all or any portion of the
principal of or interest on this Note as contemplated herein, wherever enacted, now or at any time hereafter in force, or
which may affect the covenants or the performance of this Note, and the Company (to the extent it may lawfully do so) hereby
expressly waives all benefits or advantage of any such law, and covenants that it will not, by resort to any such law,
hinder, delay or impede the execution of any power herein granted to the Holder, but will suffer and permit the execution of
every such as though no such law has been enacted.

 

(h) Remedies,
Characterizations, Other Obligations, Breaches and Injunctive Relief. The remedies provided in this Note shall be
cumulative and in addition to all other remedies available under this Note and any of the other Transaction Documents at law
or in equity (including a decree of specific performance and/or other injunctive relief), and nothing herein shall limit the
Holder’s right to pursue actual and consequential damages for any failure by the Company to comply with the terms of
this Note. The Company covenants to the Holder that there shall be no characterization concerning this instrument other than
as expressly provided herein. Amounts set forth or provided for herein with respect to payments, conversion and the like (and
the computation thereof) shall be the amounts to be received by the Holder and shall not, except as expressly provided
herein, be subject to any other obligation of the Company (or the performance thereof). The Company acknowledges that a
breach by it of its obligations hereunder will cause irreparable harm to the Holder and that the remedy at law for any such
breach would be inadequate. The Company therefore agrees that, in the event of any such breach or threatened breach, the
Holder shall be entitled, in addition to all other available remedies, to an injunction restraining any such breach or any
such threatened breach, without the necessity of showing economic loss and without any bond or other security being required.
The Company shall provide all information and documentation to the Holder that is requested by the Holder to enable the
Holder to confirm the Company’s compliance with the terms and conditions of this Note.

 

(i) Next
Business Day. Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such
payment shall be made on the next succeeding Business Day.

 

(j) Headings.
The headings contained herein are for convenience only, do not constitute a part of this Note and shall not be deemed to
limit or affect any of the provisions hereof.

 

(Signature
Pages Follow)

 

    	19

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Note to be duly executed by a duly authorized officer as of the date first above
indicated.

 

	 	OncBioMune
    Pharmaceuticals, Inc.
	 	 
	 	By:	 
	 	Name:	Jonathan
    F. Head
	 	Title:	Chief
    Executive Officer                       

 

    	20

    	 

    

 

ANNEX
A

NOTICE
OF CONVERSION

 

The
undersigned hereby elects to convert principal under the 10% Senior Convertible Note due May 24, 2019 of OncBioMune Pharmaceuticals,
Inc., a Nevada corporation (the “Company”), into shares of common stock (the “Common Stock”), of the Company
according to the conditions hereof, as of the date written below. If shares of Common Stock are to be issued in the name of a
person other than the undersigned, the undersigned will pay all transfer taxes payable with respect thereto and is delivering
herewith such certificates and opinions as reasonably requested by the Company in accordance therewith. No fee will be charged
to the holder for any conversion, except for such transfer taxes, if any.

 

By
the delivery of this Notice of Conversion the undersigned represents and warrants to the Company that its ownership of the Common
Stock does not exceed the amounts specified under Section 4 of this Note, as determined in accordance with Section 13(d) of the
Exchange Act.

 

The
undersigned agrees to comply with the prospectus delivery requirements under the applicable securities laws in connection with
any transfer of the aforesaid shares of Common Stock.

 

	Conversion
    calculations:	 
	 	Date
    to Effect Conversion:
	 	 
	 	Principal
    Amount of Note to be Converted:
	 	 
	 	Payment
    of Interest in Common Stock __ yes __ no
	 	            If
    yes, $_____ of Interest Accrued on Account of Conversion at Issue.
	 	 
	 	Number
    of shares of Common Stock to be issued:
	 	 
	 	Signature:
	 	 
	 	Name:
	 	 
	 	DWAC
    Instructions:
	 	 
	 	Broker No:	 	 
	 	Account No:	 	 

 

    	21

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