Document:

Exhibit
10.8

 

LINE
OF CREDIT PROMISSORY NOTE

 

	$10,000,000.00	Austin,
    Texas	April
    13, 2016

 

1.
Promise to Pay. FOR VALUE RECEIVED, the undersigned, SAFETY QUICK LIGHTING & FANS CORP, a Florida corporation (the
“Maker”), whose address is 4400 North Point Parkway, Suite 154, Alpharetta, Georgia 30022, promises to pay to the
order of NIELSEN & BAINBRIDGE, LLC, a Delaware limited liability company (the “Payee” or, together with all subsequent
holders hereof, hereinafter sometimes collectively referred to as the “Holder”), at the Payee’s address at 12303
Technology Boulevard #950, Austin, Texas 78727, or at such other location as may be designated by the Holder from time to time in writing,
the principal sum of up to Ten Million and No/100 Dollars ($10,000,000.00) or so much thereof as may be advanced from time to
time by the Payee and outstanding as provided for herein (each advance of principal, an “Advance”), plus interest
from day to day on the outstanding principal balance of this Line of Credit Promissory Note (this “Note”) at the rates
set forth below.

 

2.
Interest Rate. During the period beginning on the date of this Note (the applicable date is hereinafter referred to as
the “Commencement Date”), and ending on the Maturity Date (as defined in Section 3 below), interest on the
outstanding principal shall be payable at eight percent (8.0%) per annum.

 

3.
Payments Required. The Maker shall pay to the Payee principal and interest hereunder as follows:

 

	 	(i)	monthly
    payments of interest (the “Monthly Payments”) on the outstanding principal balance shall be due and payable on
    the first day of each month until, commencing on May 1, 2016 and continuing on the first day of each month through December
    1, 2017;
	 	 	 
	 	(ii)	the
    entire outstanding remaining principal balance, together with all interest accrued and unpaid thereon, calculated in the manner set
    forth herein, and all other sums due under this Note, shall be due and payable on December 31, 2017 (the “Maturity Date”).

 

4.
Security for Note. This Note is secured that certain Pledge and Security Agreement dated of even date herewith (the “Security
Agreement”), which has authorized filings of UCC-1 financing statements on the accounts receivable, inventory and other assets
of the Maker in the jurisdictions of Florida, Georgia and Texas.

 

5.
Default. Without limiting the terms of Section 3 above, at the option
of the Holder, the entire unpaid principal balance and accrued but unpaid interest owing hereon shall at once become due and payable
without notice or demand upon the occurrence at any time of any of the following events (each, an “Event of Default”):

 

a.
The failure of the Maker to pay any installment under this Note or any other sum due hereunder or under the Security Agreement, and such
failure continues for more than five (5) days after the Holder delivers written notice to the Maker specifying such failure;

 

    	PROMISSORY NOTE - PAGE 1

     

    

 

b.
The occurrence of any other “Event of Default,” as defined in and pursuant to the terms of the Security Agreement
or any other document or instrument evidencing, securing payment of, guaranteeing or otherwise related to this Note, and such failure
continues for more than ten (10) days after the Holder delivers written notice to the Maker specifying such failure (this Note, the Security
Agreement and all other documents and instruments evidencing, securing payment of, guaranteeing or otherwise related to or executed in
connection with the Note, the Security Agreement or any other related documents are hereinafter collectively referred to herein as the
“Loan Documents”).

 

6.
Waiver. The failure to exercise the option to accelerate
the maturity of this Note upon the happening of any Event of Default hereunder shall not constitute a waiver of the right of the Holder
to exercise the same or any other option at the time or at any subsequent time with respect to such Event of Default or any other Event
of Default hereunder. The remedies of the Holder, as provided in this Note or any other Loan Documents, or otherwise available, shall
be cumulative and concurrent and may be pursued separately, successively or together, as often as occasion therefor shall arise, at the
sole discretion of the Holder. The acceptance by the Holder of any payment under this Note which is less than payment in full of all
amounts due and payable at the time of such payment shall not constitute a waiver of, or impair, reduce, release or extinguish,
any of the rights or remedies of the Holder to exercise the foregoing option or any other option granted the Holder in this Note or any
other Loan Documents at that time or at any subsequent time, or nullify any prior exercise of any such option. The Maker and all other
parties now or hereafter liable for the payment hereof, whether as endorser, guarantor, surety or otherwise, each, individually
and severally, waive demand, presentment, notice of dishonor, notice of intention to accelerate the indebtedness evidenced hereby (except
as may be otherwise provided herein), notice of the acceleration of the maturity hereof, diligence in collecting, grace, notice and protest,
and consent to all extensions which from time to time may be granted by the Holder and to all partial payments hereon, whether before
or after maturity.

 

7.
Default Rate Interest. After any Event of Default or after the Maturity Date, past-due principal plus interest shall
bear interest at a rate (the “Default Rate”) equal to the lower of (i) the Maximum Rate; or (ii) eighteen percent
(18%) per annum. During the existence of any Event of Default, the Holder may apply any payments received hereunder in such amount, order
and manner as the Holder may determine in its sole discretion.

 

8.
Attorneys’ Fees and Expenses. If any amount payable under this Note is not paid when due, and the Holder places its
claim therefor in the hands of an attorney, or if it is collected through a bankruptcy, probate or other court, whether before or after
maturity, all costs of collection, including, but not limited to, reasonable and necessary attorneys’ fees and costs incurred by
the Holder, shall be added to and form a part of the obligations due under this Note.

 

    	PROMISSORY NOTE - PAGE 2

     

    

 

9.
Prepayment. The Maker agrees that all loan fees and other prepaid finance charges are earned fully as of the date of this
Note and will not be subject to refund upon early payment (whether voluntary or as a result of default), except as otherwise required
by law. Except for the foregoing, the Maker may pay without penalty all or a portion of the amount owed earlier than it is due. This
Note is subject to the termination provisions stated in the Pledge and Security Agreement which are part of the Loan Documents governing
the terms hereof. As such, if termination occurs prior to the Maturity Date, the provisions of the Pledge and Security Agreement will
control and supersede the terms of this Note.

 

10.
Usury Limitations. The parties hereto expressly stipulate and agree that it is their intent to strictly comply with all
applicable usury laws from time to time in effect. All agreements between the Maker and the Payee, whether now existing or hereafter
arising, and whether written or oral, are hereby expressly limited so that under no contingency or event whatsoever, whether by reason
of acceleration of the maturity hereof, a voluntary prepayment by the Maker or otherwise, shall the amount paid, or agreed to be paid,
to the Payee for the use, forbearance or detention of the money due hereunder, or otherwise, or for the payment or performance of any
covenant or obligation contained herein or in any other Loan Documents, exceed the maximum amount permissible under applicable law. If
from any circumstance whatsoever the fulfillment of any provision hereof or of any other Loan Documents at the time performance of such
provision shall be due, shall involve transcending the limit of validity prescribed by law, then, ipso facto, the obligation to
be fulfilled shall be reduced to the limit of such validity; and if from any circumstance the Payee shall ever charge or receive as
interest or otherwise an amount which would exceed the Maximum Rate of interest permitted by applicable law, the amount, if any, which
would exceed the Maximum Rate of interest permitted by applicable law shall be applied to the reduction of amounts (other than interest)
due under this Note, and not to the payment of interest, or if such excessive interest exceeds such amounts (other than interest) due
under this Note, the amount of such excessive interest that exceeds such amounts (other than interest) shall be credited or refunded
to the Maker. All sums paid or agreed to be paid to the Payee for the use, forbearance or detention of the indebtedness of Maker to
the Payee or otherwise, shall be amortized, prorated, allocated and spread through the full term of such indebtedness until paid in full
so that the actual rate of interest on account of such indebtedness is uniform throughout the term hereof. This paragraph shall control
all agreements between the Maker and the Payee. This provision overrides all other provisions in this Note and any other Loan Documents.

 

The
terms “maximum amount’’ or “Maximum Rate’’ as used anywhere herein include, as to Section
301 et. seq. of the Texas Finance Code and any successor statute (and as may be incorporated by reference in other statutes of
the State of Texas), but otherwise without limitation, that maximum nonusurious rate based upon the “indicated rate ceiling”;
provided, however, that this designation shall not preclude the rate of interest contracted for, charged or received with
respect to the indebtedness evidenced by this Note from being governed by, or construed in accordance with, any other state or federal
law, including but not limited to Public Law 96-221.

 

11. Loan
Payable at Maturity. THE INDEBTEDNESS EVIDENCED BY THIS NOTE IS PAYABLE IN FULL ON THE MATURITY DATE. THE MAKER MUST REPAY THE
ENTIRE PRINCIPAL BALANCE OF THIS NOTE AND ACCRUED BUT UNPAID INTEREST THEN DUE. THE HOLDER IS UNDER NO OBLIGATION TO REFINANCE THIS
NOTE AT THAT TIME. THE MAKER MAY, THEREFORE, BE REQUIRED TO MAKE PAYMENT OUT OF OTHER ASSETS THAT THE MAKER MAY OWN, OR THE MAKER
MAY HAVE TO FIND A LENDER, WHICH MAY BE PAYEE, WILLING TO LEND MAKER THE MONEY. IF THE MAKER REFINANCES THIS NOTE AT MATURITY, THE
MAKER MAY HAVE TO PAY SOME OR ALL OF THE CLOSING COSTS NORMALLY ASSOCIATED WITH A NEW LOAN EVEN IF MAKER OBTAINS REFINANCING FROM
PAYEE. NOTWITHSTANDING THE FOREGOING, THE PAYEE HAS MADE NO PROMISES OR COMMITMENTS, AND IS UNDER NO OBLIGATION, TO REFINANCE THIS
NOTE AT ANY TIME.

 

    	PROMISSORY NOTE - PAGE 3

     

    

 

13.
Applicable Law. EXCEPT WHERE FEDERAL LAW IS APPLICABLE (INCLUDING, WITHOUT LIMITATION, ANY FEDERAL USURY CEILING OR OTHER FEDERAL
LAW WHICH, FROM TIME TO TIME, IS APPLICABLE TO THE INDEBTEDNESS EVIDENCED HEREIN AND WHICH PREEMPTS STATE USURY LAWS), THIS NOTE
SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS AND THE LAWS OF THE UNITED STATES APPLICABLE TO TRANSACTIONS IN
SUCH STATE. IF THERE IS A LAWSUIT, AND IF THE TRANSACTION EVIDENCED BY THIS NOTE OCCURRED IN DALLAS COUNTY, MAKER AGREES, UPON THE PAYEE’S
REQUEST, TO SUBMIT TO THE JURISDICTION OF THE COURTS OF DALLAS COUNTY, STATE OF TEXAS.

 

14.
Notices. All notices given hereunder must be in writing and shall be deemed to have been given and received upon the earlier
of (a) actual receipt, or (b) three (3) business days after deposit in the United States mail, registered or certified mail, return receipt
requested and addressed to the Maker or the Payee at the address specified above, or to such other address as may be specified by the
Maker or the Payee pursuant to a notice to the other party which complies with this paragraph.

 

15.
Extension. The holder hereof may, in its sole discretion, arrange, adjust and extend the times and amounts of payments
of interest or principal of this Note without notice to or consent of and without releasing any party liable hereon. Such arrangement,
adjustment or extension shall apply only to the interest or principal due on that date and shall not apply to interest and principal
due at any future dates.

 

16.
Successors and Assigns. This Note and all of the covenants, promises and agreements contained herein shall be jointly and
severally binding upon and shall inure to the benefit of the Maker and the Holder hereof and their respective successors and assigns.

 

17.
Statutory Notice. THIS WRITTEN NOTE REPRESENTS
THE FINAL AGREEMENT BETWEEN THE PARTIES WITH RESPECT TO THE CONTENTS HEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS
OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

18.
Jury Waiver. The Maker and the Payee hereby waive the right to any jury trial in any action, proceeding, or counterclaim
brought by either the Maker or the Payee against the other.

 

    	PROMISSORY NOTE - PAGE 4

     

    

 

IN
WITNESS WHEREOF, Maker has duly executed this Note to be effective as of the day and date first written above.

 

	 	 	MAKER:
	 	 	 
	 	 	SAFETY
    QUICK LIGHTING & FANS CORP,
	 	 	a
    Florida corporation
	 	 	 
	 	By:	/s/
    John Campi
	 	 	John
    Campi
	 	 	President
    & CEO

 

    	PROMISSORY NOTE - PAGE 5Exhibit 10.9

 

PLEDGE
AND SECURITY AGREEMENT

 

THIS
PLEDGE AND SECURITY AGREEMENT (this “Agreement”) is made and entered into as of the 13th day of April, 2016, by SAFETY
QUICK LIGHTING & FANS CORP, a Florida corporation (“Debtor”), in favor of NIELSEN & BAINBRIDGE, LLC, a Delaware
limited liability company (“Secured Party”).

 

WITNESSETH

 

WHEREAS,
Secured Party has advanced funds (such advance, together with any extension or restructure, the “Loan”) for the benefit
of Debtor in the aggregate maximum amount of Ten Million and No/100 Dollars ($10,000,000.00) to certain suppliers of Debtor in China
for the manufacture of SQL-GE inventory;

 

WHEREAS,
in order to induce Secured Party to advance such funds to Debtor, Debtor has agreed to pledge certain assets of Debtor to Secured
Party and to the filing of UCC-1 financing statements in the jurisdictions of Florida, Georgia and Texas in favor of Secured Party,
pursuant to the terms and provisions contained herein.

 

NOW,
THEREFORE, for and in consideration of the promises and the mutual covenants and agreements contained herein, and in order to induce
Secured Party to enter into the Loan and to advance funds to Debtor, Debtor hereby agrees with Secured Party as follows:

 

SECTION
1. Definitions. Reference is hereby made to this Agreement, the UCC-1 financing statements, promissory note
and escrow agreement (hereinafter, the “Loan Documents”) for a statement of the terms thereof. All terms used in this
Agreement which are defined in the Loan Documents or in Article 9 of the Uniform Commercial Code (the “Code”) currently
in effect in the State of Texas and which are not otherwise defined herein shall have the same meanings herein as set forth therein.

 

SECTION
2. Pledge and Grant of Security Interest  . As collateral security for all of the Obligations (as defined in Section
3 hereof), Debtor hereby delivers, pledges and assigns to Secured Party and grants to Secured Party a continuing security interest
in all of Debtor’s right, title and interest in and to any and all equitable and beneficial interest in the Debtor’s personal
property set forth on Exhibit “A” attached hereto through the filing of UCC-1 financing statements in the jurisdictions
of Florida, Georgia and Texas in favor of Secured Party (the “Pledged Collateral”).

 

SECTION
3. Security for Obligations. The security interest created hereunder in the Pledged Collateral constitutes continuing collateral
security for all of the following obligations, whether now existing or hereafter incurred (herein collectively referred to as the “Obligations”):

 

(a)
All of Debtor’s duties, obligations, covenants and agreements arising under the terms of the Loan and all other documents given
in substitution thereof or in modification, renewal, extension or expansion thereof, in whole or in part; and

 

    	PLEDGE AND SECURITY AGREEMENT - PAGE 1

     

    

 

(b)
All debts, obligations and other indebtedness now or hereafter incurred or arising pursuant to or permitted by the provisions of the
Loan Documents or any other instrument now or hereafter evidencing, governing or securing the debts, obligations or any part thereof
or otherwise executed in connection with the Loan evidenced by the Loan Documents.

 

The
indebtedness, obligations, debts, covenants, agreements and undertakings referred to in this Section 3, and all renewals, extensions
and modifications thereof and all substitutions therefor, in whole or in part, are hereinafter sometimes referred to as the “Obligations”,
“secured indebtedness” or the “indebtedness secured hereby.”

 

SECTION
4. Financing Statements. Secured Party is hereby authorized by Debtor to and shall file UCC-1 financing statements in the jurisdictions
of Florida, Georgia and Texas against and on behalf of Debtor and the Pledged Collateral in favor of Secured Party. It is agreed by both
parties that in the event Debtor secures additional funding, Secured Party will allow any third parties to file additional UCC-1 financing
statements which may encumber the Pledged Collateral.

 

SECTION
5. Representations and Warranties. Debtor represents and warrants to Secured Party as follows:

 

(a)
To the best of Debtor’s knowledge, no authorization or approval or other action by, and no notice to or filing with, any governmental
authority or regulatory body is required either for the pledge hereunder by Debtor of, or the grant by Debtor of the security interest
created hereby in, the Pledged Collateral.

 

(b)
This Agreement, together with the filing of the UCC-1 filings in Florida, Georgia and Texas, creates a valid purchase money security
interest in favor of Secured Party in the Pledged Collateral. Except as set forth in this Section 5(b), no action is necessary
or desirable to perfect or otherwise protect such security interest.

 

SECTION
6. Covenants as to the Pledged Collateral.

 

(a)
So long as any of the Obligations shall remain outstanding, Debtor will, unless Secured Party shall otherwise consent in writing, except
as specified in Section 4 above:

 

(i)
not create or suffer to exist any lien, security interest or other charge or encumbrance upon or with respect to any Pledged Collateral
except for the pledge hereunder and the security interest created hereby and the pledge and security interest previously granted by Debtor
in favor of Secured Party;

 

(ii)
not, by its action or inaction in any manner, impair or allow the impairment of the value or enforceability of Secured Party’s
security interest in any Pledged Collateral;

 

(iii)
immediately notify Secured Party of any change in Debtor’s name, address or location, change in any matter warranted or represented
in this Agreement, change that may affect the security interest, and any Event of Default (as defined in Section 9 hereof); and

 

    	PLEDGE AND SECURITY AGREEMENT - PAGE 2

     

    

 

(iv)
not permit any portion of the Pledged Collateral to be commingled with other assets or funds.

 

(b)
It is expressly understood and agreed that on or before the Loan closing, Debtor will transfer, pledge, assign and deliver to the Secured
Party the Pledged Collateral in the manner set forth herein.

 

SECTION
7. Additional Provisions Concerning the Pledged Collateral.

 

(a)
Debtor hereby authorizes Secured Party to file, without the signature of Debtor where permitted by law, one or more financing or continuation
statements, and amendments thereto, relating to the Pledged Collateral if Secured Party deems it appropriate.

 

(b)
If Debtor fails to perform any agreement or obligation contained herein, Secured Party itself may perform, or cause performance of, such
agreement or obligation, and the expenses of Secured Party incurred in connection therewith shall be payable by Debtor pursuant to Section
9 hereof.

 

(c)
Other than the exercise of reasonable care to assure the safe custody of the Pledged Collateral while held hereunder, Secured Party shall
have no duty or liability to preserve rights pertaining thereto and shall be relieved of all responsibility for the Pledged Collateral
upon surrendering it or tendering surrender of it to Debtor. Without limiting the foregoing, Secured Party shall not have responsibility
for (i) ascertaining or taking action with respect to renewals, surrenders, maturities or other matters relating to any Pledged Collateral,
whether or not Secured Party has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights
against any parties with respect to any Pledged Collateral.

 

SECTION
8. Events of Default. Each of the following conditions shall constitute an “Event of Default” hereunder upon
the expiration of twenty (20) days from the date of Debtor’s receipt of written notice of such Event of Default, except as specified
in Section 4 above:

 

(a)
If Debtor fails to timely pay or perform any of the Obligations under the Loan or any of the Loan Documents provided that such failure
becomes an Event of Default under such Loan or any of the other Loan Documents;

 

(b)
If Debtor fails to timely pay or perform any obligation, covenant, or liability in any Loan Document between Debtor and Secured Party
or in any other transaction secured by this Agreement;

 

(c)
If any warranty, covenant or representation made to Secured Party by or on behalf of Debtor in the Loan Documents proves to have been
false in any material respect when made;

 

(d)
If any lien other than the one created hereby attaches to any of the Pledged Collateral, and Debtor fails to fulfill its obligations
under Section 6(a)(ii) and remove such claim against the Pledged Collateral as evidenced by the lien within a reasonable
period of time after Debtor obtains knowledge of such lien;

 

    	PLEDGE AND SECURITY AGREEMENT - PAGE 3

     

    

 

(e)
Upon the bankruptcy, dissolution or insolvency of Debtor; and

 

(f)
If any Default or Event of Default occurs under any of the Loan Documents.

 

SECTION
9. Remedies Upon Default. If any Event of Default shall have occurred and be continuing, Secured Party may exercise with respect
to the Pledged Collateral, in addition to other rights and remedies provided for herein, under the other Loan Documents or otherwise
available to it, all of the rights and remedies of a secured party on default under the Code then in effect in the State of Texas and,
without limiting the generality of the foregoing and without notice except as specified below, Secured Party may, at its option, do any
one or more of the following:

 

(a)
reduce its claim to judgment or foreclose or otherwise enforce, in whole or in part, the security interest created hereby, by any available
judicial procedure;

 

(b)
surrender for payment and obtain payment of any portion of the Pledged Collateral, whether such Pledged Collateral shall have matured
or the exercise of Secured Party’s rights result in loss of interest or principal or other penalty on such Pledged Collateral,
and, in connection therewith, cause payment to be made directly to Secured Party;

 

(c)
sell or otherwise dispose of all or any part of the Pledged Collateral in the manner provided in the Loan Documents or the Code;

 

(d)
exercise any right of offset, setoff and other similar rights as provided in the Loan Documents or the Code;

 

(e)
apply, by appropriate judicial proceedings, for appointment of a receiver for the Pledged Collateral, or any part thereof, and Debtor
hereby consents to any such appointment; and

 

(f)
at its discretion, retain the Pledged Collateral in satisfaction of the Obligations whenever the circumstances are such that Secured
Party is entitled to do so under the Code or otherwise. Debtor agrees that, to the extent notice of sale shall be required by law, at
least ten (10) days’ notice to Debtor of the time and place of any public sale or the time after which any private sale is to be
made shall constitute reasonable notification. Secured Party shall not be obligated to make any sale of Pledged Collateral regardless
of notice of sale having been given with the exception that if Debtor arranges a sale of Pledged Collateral to a qualified buyer for
a price that equals to or exceeds its Obligations under the Agreement, Secured Party shall be obligated to make such sale. Secured Party
may adjourn any time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was
so adjourned.

 

    	PLEDGE AND SECURITY AGREEMENT - PAGE 4

     

    

 

SECTION
I0. Miscellaneous.

 

(a)
The benefits, rights and remedies of the Secured Party and the security contained herein or provided or in any of the other Loan Documents
or at law and in equity are cumulative and may be pursued separately, successively, or concurrently against Debtor or any property covered
under the Loan Documents at the sole discretion of Secured Party.

 

(b)
In the event any provision of any of the Loan Documents is declared or adjudged to be unenforceable, illegal or invalid by any governmental
authority, then such unenforceable, illegal or invalid provision shall be excised therefrom, and the remainder of the Loan Document so
affected, together with all rights and remedies granted thereby, shall continue and remain in full force and effect and shall be construed
as if such unenforceable, illegal or invalid provision had never been contained therein.

 

(c)
No course of dealing between the Secured Party and the Debtor, nor any delay on the part of the Secured Party in exercising any rights
hereunder or under any of the other Loan Documents, nor any failure of Secured Party at any time to enforce any provision of this Agreement
or any of the other Loan Documents, shall operate as a waiver of any rights of the Secured Party, except to the extent, if any, expressly
waived in writing by the Secured Party. Secured Party shall have the right at any and all times, without any prior notice to any person,
to enforce strict compliance with all of the provisions hereof and the other Loan Documents, notwithstanding any such prior course of
dealing or forbearance.

 

(d)
All covenants, agreements, representations and warranties made by the Debtor in this Agreement and the other Loan Documents, and in any
certificates or other documents or instruments delivered pursuant to this Agreement or any of the other Loan Documents, shall survive
the execution and delivery of the Loan Documents and shall continue in full force and effect until the Debt is paid in full. Additionally,
any advances of proceeds under the Loan made by the Secured Party pursuant to the Loan Agreement or any of the other Loan Documents shall
continue in full force and effect until the Debt is paid in full. All such covenants, agreements, representations and warranties shall
be binding upon any successors and assigns of the Debtor.

 

(e)
Except as otherwise provided herein or in any of the other Loan Documents, any notice, request, demand or other communication required
hereunder or to otherwise be given hereunder shall be in writing, and shall be deemed to have been given and received when actually received,
or whether actually received or not, when deposited in a post office or official depository of the United States Postal Service, sent
by certified or registered mail, postage prepaid, return receipt requested, addressed as follows:

 

	If
    to Debtor:	Safety
    Quick Lighting & Fans Corp
	 	4400
    Northpoint Parkway
	 	Suite
    154
	 	Alpharetta,
    Georgia 30022
	 	Attn:
    John Campi, President & CEO
	 	Email:[*]
	 	 
	If
    to Secured Party:	Nielsen
    & Bainbridge, LLC
	 	12303
    Technology Blvd. #950
	 	Austin,
    TX 78727
	 	Attn:
Gary Golden, CFO
	 	Email:
    [*]

 

    	PLEDGE AND SECURITY AGREEMENT - PAGE 5

     

    

 

The
addresses for Debtor and Secured Party set forth in this Agreement may be changed by such party by giving written notice of such change
to the other party in the manner provided herein for giving notice.

 

(f)
Secured Party is not the agent or representative of Debtor, and Debtor is not the agent or representative of Secured Party.

 

(g)
Nothing herein nor the acts of the parties hereto shall be construed to create a partnership or joint venture between Debtor and
Secured Party.

 

(h)
Time is of the essence in performance of this Agreement by Debtor.

 

(i)
The captions, headings, and arrangements used in this Agreement are for convenience only and do not in any way affect, limit, amplify,
or modify the terms and provisions hereof.

 

(j)
This Agreement and the other Loan Documents delivered contemporaneously herewith constitute the entire agreement of the parties to the
exclusion of any prior or contemporaneous oral or written agreement. This Agreement may not be amended except by written agreement signed
by both parties.

 

(k)
This Agreement may be executed simultaneously in any number of counterparts, each of which when so executed and delivered shall be an
original, but such counterparts shall together constitute one and the same instrument.

 

(1)
Except to the extent that the laws of the United States may apply or otherwise control this Agreement and the other Loan Documents, the
rights and obligations of the parties hereunder and thereunder shall be governed by and construed and interpreted in accordance with
the laws of the State of Texas and applicable federal law, and the rights and obligations hereunder shall be enforceable in Travis County,
Texas.

 

(m)
As long as the debt is paid in full by Debtor, this Security Agreement and any of the Loan Documents may be terminated at any time upon
due notice. In such event all filed security documents shall be withdrawn or otherwise rendered null and void by applicable filling as
required by each state in which the security instrument was filed, within 3-business days thereof and with notice to Debtor upon completing
same.

 

[REMAINDER
OF PAGE LEFT INTENTIONALLY BLANK]

 

    	PLEDGE AND SECURITY AGREEMENT - PAGE 6

     

    

 

EXECUTED
AND EFFECTIVE as of the 13th day of April, 2016.

 

		DEBTOR:
	 	 
	 	SAFETY QUICK LIGHTING & FANS CORP,
	 	a Florida corporation
	 	 	 
	 	By:	/s/ John Campi
	 	 	John Campi, President & CEO

 

	 	SECURED
    PARTY:
	 	 
	 	Nielsen
    & Bainbridge, LLC,
	 	a
    Delaware limited liability company
	 	 	
	 	By:	/s/
    Gary Golden
	 	Name:	Gary Golden
	 	Title:	 Chief
     Financial Offier

 

    	PLEDGE AND SECURITY AGREEMENT - PAGE 7

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