Document:

Exhibit 10.75

 

CoroWare,
INC.

A
Delaware Corporation

 

10%
CONVERTIBLE NOTE

 

THIS
NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), NOR QUALIFIED UNDER APPLICABLE STATE
SECURITIES LAWS AND HAVE BEEN TAKEN FOR INVESTMENT PURPOSES ONLY. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN
THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO SUCH SECURITIES UNDER THE ACT AND QUALIFICATION UNDER APPLICABLE STATE LAW WITHOUT
AN OPINION OF COUNSEL SATISFACTORY TO BORROWER THAT SUCH REGISTRATION AND QUALIFICATION ARE NOT REQUIRED.

 

$7,000
..00 Date: August 3, 2012

 

FOR
VALUE RECEIVED, CoroWare, Inc., a Delaware corporation (“Borrower”), hereby unconditionally promises to pay as set
forth herein to the order of Raphael Cariou (“Holder”) or his assignee, in lawful money of and within
the United States of America and in immediately available funds, the principal sum of $7,000.00 (the “Principal Amount”),
together with accrued and unpaid interest thereon, in the manner Set forth herein.

 

Borrower
further agrees to pay interest on the Principal Amount at the compounded rate per annum of 10% (ten per cent, the “Stated
Interest Rate”) on the outstanding Principal Amount. Interest shall be calculated from and including the date of this Note
until such Principal Amount has been repaid in full or until the Note has been converted. Interest shall be paid annually and shall be
calculated on the basis of 365 day or 366 day year, as the case may be, for the actual number of days elapsed.

 

1.
Principal Repayment. The outstanding Principal Amount and interest shall be payable on February 3, 2013 (“Repayment Date”),
unless otherwise converted in accordance with Section 2 below.

 

2.
Conversion Rights. At any time during the term of this Note, the Holder may deliver a written notification (the “Notice
of Conversion”) to the Borrower setting forth the portion of the principal amount of the Note and/or interest due and payable
that the Holder exercises its conversion rights with respect thereto, subject to the terms and provisions set forth below..

 

2.1
Conversion into the Borrower’s Common Stock

 

(a)
The Holder shall have the right, but not the obligation, from and after the Borrower’s receipt of an Notice of Conversion or
the occurrence of any Event of Default, as the case may be, provided the conditions of Section 2.1 have been fulfilled, and then at
any time until this Note is fully paid, to convert the principal portion of this Note and/or interest due and payable set forth in
each such Notice of Conversion or the entire principal portion of this Note and/or interest due and payable following the occurrence
or an Event of Default, as the case may be, into fully paid and nonassessable shares of common stock of the Borrower as such stock
exists on the date of issuance of this Note, at the conversion price as defined in Section 2.1(b) hereof (the “Conversion
Price”). Upon delivery to the Borrower of a Notice of Conversion substantially in the form attached to this Note, giving
the Holder’s written request for conversion (the date of giving such notice of conversion being a “Conversion
Date”), the Borrower shall issue and deliver to the Holder within three (3) business days from the Conversion Date that
number of shares of Common Stock for the portion of the Note converted in accordance with the foregoing. The number of shares of
Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal of
the Note to be converted and interest, if any, by the Conversion Price, and then multiplied by One Hundred Fifteen Percent
(115%).

 

    	 

     

    

 

(b)
Subject to adjustment as provided in Section 2.1(c) hereof, the Conversion Price per share shall be the average closing bid prices for
the Common Stock on the principal trading exchange or market for the Common Stock, the “Principal Market”) where the
Common Stock is listed or traded, for the five (5) trading days prior to but not including the Conversion Date.

 

(c)
The Conversion Price described above shall be subject to adjustment from time to time upon the happening of certain events while this
conversion right remains outstanding, as follows:

 

A.
Merger, Sale of Assets, etc. If the Borrower at any time shall consolidate with or merge into or sell or convey all or substantially
all its assets to any other person or entity, this Note, as to the unpaid principal portion thereof and accrued interest thereon, shall
thereafter be deemed to evidence the right to purchase such number and kind of shares or other securities and property as would have
been issuable or distributable on account of such consolidation, merger, sale or conveyance, upon or with respect to the securities subject
to the conversion or purchase right immediately prior to such consolidation, merger, sale or conveyance. The foregoing provision shall
similarly apply to successive transactions of a similar nature by any such successor or purchaser. Without limiting the generality of
the foregoing, the anti-dilution provisions of this Section shall apply to such securities of such successor or purchaser after any such
consolidation, merger, sale or conveyance.

 

B.
Reclassification, etc. If the Borrower at any time shall, by reclassification or otherwise, change the Common Stock into the same or
a different number of securities of any class or classes, this Note, as to the unpaid principal portion thereof and accrued interest
thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such securities and kind of securities as
would have been issuable as the result of such change with respect to the Common Stock immediately prior to such reclassification or
other change.

 

C.
Stock Splits, Combinations and Dividends. If the shares of Common Stock are subdivided or combined into a greater or smaller number of
shares of Common Stock, or if a dividend is paid on the Common Stock in shares of Common Stock, the Conversion Price shall be proportionately
reduced in case of subdivision of shares or stock dividend or proportionately increased in the case of combination of shares, in each
such case by the ratio which the total number of shares of Common Stock outstanding immediately after such event bears to the total number
of shares of Common Stock outstanding immediately prior to such event.

 

D.
Stock Sale. If, prior to conversion of the entirety of this Note, the Borrower enters into any agreement to sell its Common Stock or
a convertible instrument that converts into its Common Stock prior to conversion of this Note at a price less than the Conversion Price
of this Note, then the Conversion Price of any outstanding principal and interest of this Note shall be reset to the price of that offering.

 

2.2
Method of Conversion. This Note may be converted by the Holder in whole or in part as described in Section 2.1(a) hereof. Upon partial
conversion of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued
by the Borrower to the Holder for the principal balance of this Note and interest which shall not have been converted or paid.

 

    	 

     

    

 

2.3
Maximum Conversion. The Holder shall not be entitled to convert on a Conversion Date that amount of the Notes in connection with
that number of shares of Common Stock which would be in excess of the sum of (i) the number of shares of Common Stock beneficially owned
by the Holder and its affiliates on a Conversion Date, and (ii) the number of shares of Common Stock issuable upon the conversion of
the Notes with respect to which the determination of this provision is being made on a Conversion Date, which would result in beneficial
ownership by the Holder and its affiliates of more than 4.99% of the outstanding shares of Common Stock of the Company on such Conversion
Date. For the purposes of the provision to the immediately preceding sentence, beneficial ownership shall be determined in accordance
with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulation 13d-3 thereunder.

 

3.
Place of Payment; Application of Payments. All amounts payable hereunder shall be payable to Lender in United States dollars to such
bank account as shall be designated by Lender in immediately available funds or as otherwise specified to Borrower in writing, except
if converted as per Section 2 above. Payment on this Note shall be applied first to any expenses of collection, then to accrued interest,
and thereafter to the outstanding principal balance hereof.

 

4.
Default. The following events shall each be an “Event of Default” under this Note:

 

A.
Bankruptcy or insolvency of Borrower;

 

B.
Borrower’s failure to pay any of the Principal Amount due under this Note on the date the same becomes due and payable, or any
accrued interest or other amounts due under this Note after the same becomes due and payable; and

 

C.
Breach of any material covenant or agreement contained in this Note and such breach remains uncured for a period of 15 days after written
notice hereof is received by Borrower from Lender.

 

Upon
the occurrence of an Event of Default, the unpaid Principal Amount, all unpaid accrued interest thereon and all other amounts owing hereunder
may, at the option of Lender, become immediately due and payable to Lender, provided, however, that upon the occurrence of an Event of
Default described in this Section 4, all indebtedness of Borrower to Lender shall become immediately due and payable without any action
of Lender. Effective upon an Event of Default that is not cured for a period of 30 days after such Event of Default, the interest rate
on this Note shall increase to 5% per annum in excess of the Stated Interest Rate.

 

5.
Covenants.

 

A.
Use of Proceeds. The Borrower has used the net cash proceeds loaned to Borrower pursuant to this Note for working capital.

 

B.
Compliance with Agreements. The Borrower shall perform and observe, or cause to be performed or observed, as the case may be, all of
the provisions in its certificate of incorporation, its bylaws, and the obligations pursuant to the terms, agreements and covenants of
this Note and all documents and agreements executed or delivered in connection with this Note. The Borrower expressly represents that
Borrower has the full power and authority to deliver the Note, that the Note has been duly authorized, executed and delivered by the
Borrower, and Borrower’s obligations under the Note are legal, valid, binding and enforceable, absolute and unconditional.

 

C.
Preservation of Corporate Existence and Business. The Borrower shall use best efforts to preserve intact its present business
organization, rights and privileges and present goodwill and, to the best of its ability, its relationships existing with other
parties and shall at all times cause to be done all things necessary to maintain, preserve, and renew its corporate existence and
shall observe and conform with all valid requirements of all governmental authorities relating to the conduct of the business of the
Borrower, the failure of which would have a material. Adverse effect upon the Borrower’s business or financial
condition. The Borrower shall maintain and keep in force all material licenses, permits and agreements necessary to the conduct of
its businesses.

 

    	 

     

    

 

D.
Maintenance of Properties. The Borrower shall maintain and keep its properties, real and personal, in good repair, working order, and
condition, and from time to time make all necessary or desirable repairs, renewals, and replacements, so that its business may be properly
and advantageously conducted at all times.

 

E.
Taxes and Other Obligations. The Borrower shall pay and discharge all taxes, assessments, interest and installments on mortgages and
governmental charges against it Or against any of its properties, upon the respective dates when due, except to the extent that such
taxes, assessments, interest, installments and governmental charges are contested in good faith and by appropriate proceedings.

 

F.
Compliance with Obligations, Laws, Etc. The Borrower shall comply with all of the obligations which it has incurred or to which it becomes
subject pursuant to any contract or agreement, whether oral or written, express or implied, the breach of which might have a material
adverse effect upon its business or financial condition, unless and to the extent that the same are being contested in good faith and
by appropriate proceedings and adequate reserves have been set aside on its books with respect thereto. The Borrower shall comply with
all applicable laws, rules and regulations of all governmental authorities.

 

6.
Waiver. TO THE FULLEST EXTENT PERMITIED BY LAW, LENDER AND BORROWER AGREE THAT NEITHER OF THEM NOR ANY ASSIGNEE OR SUCCESSOR SHALL
(I) SEEK A JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM OR ANY OTHER ACTION BASED UPON; OR ARISING OUT OF, THIS NOTE, ANY RELATED
INSTRUMENTS OR THE DEALINGS OR THE RELATIONSHIP BETWEEN THEM, (II) SEEK TO CONSOLIDATE ANY SUCH ACTION WITH ANY OTHER ACTION IN WHICH
A TI.JRYTRIAL CANNOT BE OR HAS NOT BEEN WAIVED OR (III) MAKE ANY CLAIM FOR CONSEQUENTIAL, PUNITNE OR SPECIAL DAMAGES. THE PROVISIONS
OF THIS PARAGRAPH HAVE BEEN FULLY DISCUSSED BY LENDER AND BORROWER, AND THESE PROVISIONS SHALL BE SUBJECT TO NO EXCEPTIONS. NEITHER THE
LENDER NOR THE BORROWER HAS AGREED WITH OR REPRESENTED TO THE OTHER THAT THE PROVISIONS OF THIS PARAGRAPH WILL NOT BE FULLY ENFORCED
IN ALL INSTANCES. BORROWER WAIVES PRESENTMENT AND WRITTEN DEMAND FOR PAYMENT, NOTICE OF DISHONOR, PROTEST AND NOTICE OF PROTEST OF THIS
NOTE. THE RIGHT TO PLEAD ANY AND ALL STATUTE OF LIMITATIONS AS A DEFENSE TO ANY DEMANDS HEREUNDER IS HERBBY WAIVED TO THE FULLEST EXTENT
PERMITTED BY LAW.

 

7.
Attorneys Fees; Collection Costs. If there has been an Event of Default by Borrower hereunder, Lender shall be entitled to receive
and Borrower agrees to pay all costs of enforcement and collection incurred by Lender, including, without limitation, reasonable attorney’s
fees relating thereto.

 

8.
Notices. Unless otherwise specified herein, all notices all notices hereunder shall be in writing and shall be deemed to have been
given when delivered by hand, or on the third business day after properly deposited with the United States Postal Service) as certified
mail, return receipt requested, postage prepaid, or on the first business day after properly deposited with an overnight courier of national
standing, addressed to the address indicated below:

 

    	 

     

    

 

If
to the Borrower, at:

 

CoroWare,
Inc. 

1410
Market Street 

Suite
200

Kirkland,
WA 98033 Attention: President

 

If
to the Lender, at:

 

Raphael
Cariou

263
Huntington Ave #322,

Boston,
MA 02115

 

or
at any address specified by Borrower or Lender in writing.

 

9.
Expenses. The Borrower shall pay all expenses of the Lender in connection with the preparation of this Note or other documents executed
in connection therewith, including, without limitation, fees of outside legal counsel or the allocated costs of in-house legal counsel,
accounting, consulting, brokerage or other similar professional fees or expenses, and any fees or expenses associated with any travel
or other costs relating to any appraisals or examinations conducted in connection with the obligations hereunder, provided that Borrower
shall not have to pay any such expenses in excess of $1,000 and the amount of all such expenses shall, until paid, bear interest at the
rate applicable to principal hereunder. The Borrower shall also pay all expenses of the Lender in connection with the waiver or amendment
of this Note and the administration, default or collection of any amount due under this Note or other obligations or administration,
default, collection in connection with the Lender’s exercise, preservation or enforcement of any of its rights, remedies or options
hereunder, including, without limitation, fees of outside legal counsel or the allocated costs of in-house legal counsel, accounting,
consulting, brokerage or other similar professional fees or expenses, and any fees or expenses associated with any travel or other costs
relating to any appraisals or examinations conducted in connection with the obligations hereunder, and the amount of all such expenses
shall, until paid, bear interest at the rate applicable to principal hereunder.

 

10.
No Waivers of Lender’s Rights. No failure or delay by the Lender in exercising any right, power or privilege hereunder or under
any other documents or agreements executed in connection herewith shall operate as a waiver thereof; nor shall any single or partial
exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and
remedies in this Note provided are cumulative and not exclusive of any rights or remedies otherwise provided by agreement or law.

 

11.
Amendments. Neither this Note nor any provision hereof may be amended, waived, discharged or terminated except by a written instrument
signed by the Lender and, in the case of amendments, by the Borrower.

 

12.
Binding Effect of Note. This Note shall be binding upon and inure to the benefit of the Borrower and the Lender and their respective
successors and assigns; provided that neither the Borrower nor the Lender may assign or transfer its rights or obligations hereunder.

 

    	 

     

    

 

13.
Partial Invalidity. The invalidity or unenforceability of anyone or more phrases, clauses or sections of this Note shall not affect
the validity or enforceability of the remaining portions of it.

 

14.
Captions. The captions and headings of the various sections and subsections of this Note are provided for convenience only and shall
not be construed to modify the meaning of such sections or subsections.

 

15.
Entire Agreement. This Note and the documents and any agreements executed in connection herewith constitute the final agreement of
the parties hereto and supersede any prior agreement or understanding, written or oral, with respect to the matters contained herein
and therein.

 

THIS
NOTE HAS BEEN EXECUTED AND DELIVERED IN THE STATE OF WASHINGTON, UNITED STATES OF AMERICA. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED
AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF KING COUNTY, STATE OF WASHINGTON, EXCLUDING CONFLICT OF LAWS PRINCIPLES THAT WOULD CAUSE
THE APPLICATION OF LAWS OF ANY OTHER JURISDICTION.

 

	COROWARE, INC.	 
	 	 
	By:		 
	Name:	Lloyd
    T. Spencer	 
	Title:	President
    and CEO	 
	Date:	August
    3, 2012	 
	 	 	 
	HOLDER	 
	 	 
	By:		 
	Name:	Raphael
    Cariou	 
	Date:
    	August
    3, 2012	 

 

    	 

     

    

 

NOTICE
OF CONVERSION

 

(To
be executed by the Holder in order to convert the Note)

 

The
undersigned hereby elects to convert $____________ of the principal and $____________ of the interest due on the Note issued by COROWARE, INC. on August 3________________2012
into shares of common stock of COROWARE, INC. (the “Company”) according to the conditions set forth in such Note, as of the
date written below.

 

Date
of

Conversion:___________________________________________________________________________

 

Conversion

Price:____________________________________________________________________________

 

Shares
To Be

Delivered:_________________________________________________________________________

 

Signature:______________________________________________________________________________

 

Print

Name:_________________________________________________________________________________

 

Address:_________________________________________________________________________________

 

____________________________________________________________________________________Exhibit
10.76

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”).
THE SECURITIES MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER
SAID ACT, OR AN OPINION OF COUNSEL IN FORM, SUBSTANCE AND SCOPE CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS THAT REGISTRATION
IS NOT REQUIRED UNDER SAID ACT OR UNLESS SOLD PURSUANT TO RULE 144 OR REGULATION S UNDER SAID ACT.

 

CONVERTIBLE
NOTE

 

Kirkland,
WA

	Issue
date: August 23, 2013	$140,000

Maturity
date: January 23, 2014

 

FOR
VALUE RECEIVED, COROWARE INC., a Delaware corporation (hereinafter called the “Borrower” or the “Company”),
hereby promises to pay to the order of ZOOM MARKETING or registered assigns (the “Holder”) the sum of $140,000, on
January 23, 2014 (the “Maturity Date”), and to pay interest on the unpaid principal balance hereof at the rate of
five percent (5%) per annum from August 23, 2013 (the “Issue Date”) until the same becomes due and payable, whether
at maturity or upon acceleration or by prepayment or otherwise. Any amount of principal or interest on this Note which is not paid when
due shall bear interest at the rate of ten percent (10%) per annum from the due date thereof until the same is paid (“Default
Interest”). Interest shall commence accruing on the issue date, shall be computed on the basis of a 365-day year and the actual
number of days elapsed and shall be payable on the Maturity Date. All payments due hereunder (to the extent not converted into common
stock, $.0001 par value per share, of the Borrower (the “Common Stock”) in accordance with the terms hereof) shall
be made in lawful money of the United States of America. All payments shall be made at such address as the Holder shall hereafter give
to the Borrower by written notice made in accordance with the provisions of this Note. Whenever any amount expressed to be due by the
terms of this Note is due on any day which is not a business day, the same shall instead be due on the next succeeding day which is a
business day and, in the case of any interest payment date which is not the date on which this Note is paid in full, the extension of
the due date thereof shall not be taken into account for purposes of determining the amount of interest due on such date. As used in
this Note, the term “business day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks in
the city of New York, New York are authorized or required by law or executive order to remain closed.

 

The
following terms shall apply to this Note:

 

    	 

     

    

 

ARTICLE
I. CONVERSION RIGHTS

 

1.1 Conversion
Right. The Holder shall have the right from time to time, and at any time on or prior to repayment, to convert all or any part
of the outstanding and unpaid principal amount of this Note into fully paid and non-assessable shares of Common Stock, as such Common
Stock exists on the Issue Date, or any shares of capital stock or other securities of the Borrower into which such Common Stock shall
hereafter be changed or reclassified at the conversion price (the “Conversion Price”) determined as provided herein
(a “Conversion”); provided, however, that in no event shall the Holder be entitled to convert any portion
of this Note in excess of that portion of this Note upon conversion of which the sum of (1) the number of shares of Common Stock beneficially
owned by the Holder and its affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership
of the unconverted portion of the Notes or the unexercised or unconverted portion of any other security of the Borrower subject to a
limitation on conversion or exercise analogous to the limitations contained herein) and (2) the number of shares of Common Stock issuable
upon the conversion of the portion of this Note with respect to which the determination of this proviso is being made, would result in
beneficial ownership by the Holder and its affiliates of more than 4.9% of the outstanding shares of Common Stock. For purposes of the
proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities
Exchange Act of 1934, as amended, and Regulations 13D-G thereunder, except as otherwise provided in clause (1) of such proviso. The number
of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing the Conversion Amount (as defined
below) by the Conversion Price on the date specified in the notice of conversion, in the form attached hereto as Exhibit A (the “Notice
of Conversion”), delivered to the Borrower by the Holder in accordance with Section 1.4 below; provided that the Notice of
Conversion is submitted by facsimile (or by other means resulting in, or reasonably expected to result in, notice) to the Borrower before
6:00 p.m., New York, New York time on such conversion date (the “Conversion Date”). The term “Conversion
Amount” means, with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted
in such conversion plus (2) accrued and unpaid interest, if any, on such principal amount at the interest rates provided in this
Note to the Conversion Date.

 

Conversion
Price. The “Conversion Price” is Applicable Percentage (as defined herein) multiplied by the Market Price
(as defined herein). “Market Price” means the average of the lowest three (3) Closing Prices (as defined below) for
the Common Stock during the five (5) Trading Day period ending one Trading Day prior to the date the Conversion Notice is sent by the
Holder to the Borrower via facsimile (the “Conversion Date”). “Closing Price” means, for any security
as of any date, the closing price on the Over-the-Counter Bulletin Board or the OTC Markets (collectively, the “OTCQB”)
as reported by a reliable reporting service mutually acceptable to and hereafter designated by Holders of a majority in interest of the
Notes and the Borrower or, if the OTCQB is not the principal trading market for such security, the closing price of such security on
the principal securities exchange or trading market where such security is listed or traded or, if no closing price of such security
is available in any of the foregoing manners, the average of the closing prices of any market makers for such security that are listed
in the “pink sheets” by the National Quotation Bureau, Inc. If the Closing Price cannot be calculated for such security on
such date in the manner provided above, the Closing Price shall be the fair market value as mutually determined by the Borrower and the
holders of a majority in interest of the Notes being converted for which the calculation of the Closing Price is required in order to
determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is traded
for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being
traded. “Applicable Percentage” shall mean 85.0%. When the Conversion Price is below the par price of $.0001, the
Holder may reduce the debt by the amount due under the conversion formula although the value of the conversion for tax purposes shall
be that calculated based on issuing the stock at par.

 

    	2

     

    

 

1.2 Authorized
Shares. The Borrower covenants that during the period the conversion right exists, the Borrower will reserve from its authorized
and unissued Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance of Common Stock upon
the full conversion of this Note.

 

 1.3 Method of Conversion.

 

(a) Mechanics
of Conversion. Subject to Section 1.1, this Note may be converted by the Holder in whole or in part at any time from time to
time after the Issue Date, by (A) submitting to the Borrower a Notice of Conversion (by facsimile or other reasonable means of communication
dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B) subject to Section 1.4(b), surrendering this Note
at the principal office of the Borrower.

 

(b) Surrender
of Note Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in accordance
with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless the entire unpaid principal
amount of this Note is so converted. The Holder and the Borrower shall maintain records showing the principal amount so converted and
the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Borrower, so as not to require
physical surrender of this Note upon each such conversion. In the event of any dispute or discrepancy, such records of the Borrower shall
be controlling and determinative in the absence of manifest error. Notwithstanding the foregoing, if any portion of this Note is converted
as aforesaid, the Holder may not transfer this Note unless the Holder first physically surrenders this Note to the Borrower, whereupon
the Borrower will forthwith issue and deliver upon the order of the Holder a new Note of like tenor, registered as the Holder (upon payment
by the Holder of any applicable transfer taxes) may request, representing in the aggregate the remaining unpaid principal amount of this
Note. 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 represented by this Note may
be less than the amount stated on the face hereof.

 

(c) Payment
of Taxes. The Borrower shall not be required to pay any tax which may be payable in respect of any transfer involved in the issue
and delivery of shares of Common Stock or other securities or property on conversion of this Note in a name other than that of the Holder
(or in street name), and the Borrower shall not be required to issue or deliver any such shares or other securities or property unless
and until the person or persons (other than the Holder or the custodian in whose street name such shares are to be held for the Holder’s
account) requesting the issuance thereof shall have paid to the Borrower the amount of any such tax or shall have established to the
satisfaction of the Borrower that such tax has been paid.

 

    	3

     

    

 

(d) Delivery
of Common Stock Upon Conversion. Upon receipt by the Borrower from the Holder of a facsimile transmission (or other reasonable
means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in this Section 1.4, the Borrower
shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder certificates for the Common Stock issuable
upon such conversion within two (2) business days after such receipt (and, solely in the case of conversion of the entire unpaid principal
amount hereof, surrender of this Note) in accordance with the terms hereof.

 

(e) Obligation
of Borrower to Deliver Common Stock. Upon receipt by the Borrower of a Notice of Conversion, the Holder shall be deemed to be
the holder of record of the Common Stock issuable upon such conversion, the outstanding principal amount and the amount of accrued and
unpaid interest on this Note shall be reduced to reflect such conversion, and, unless the Borrower defaults on its obligations under
this Article I, all rights with respect to the portion of this Note being so converted shall forthwith terminate except the right to
receive the Common Stock or other securities, cash or other assets, as herein provided, on such conversion. If the Holder shall have
given a Notice of Conversion as provided herein, the Borrower’s obligation to issue and deliver the certificates for Common Stock
shall be absolute and unconditional, irrespective of the absence of any action by the Holder to enforce the same, any waiver or consent
with respect to any provision thereof, the recovery of any judgment against any person or any action to enforce the same, any failure
or delay in the enforcement of any other obligation of the Borrower to the holder of record, or any setoff, counterclaim, recoupment,
limitation or termination, or any breach or alleged breach by the Holder of any obligation to the Borrower, and irrespective of any other
circumstance which might otherwise limit such obligation of the Borrower to the Holder in connection with such conversion. The Conversion
Date specified in the Notice of Conversion shall be the Conversion Date so long as the Notice of Conversion is received by the Borrower
before 6:00 p.m., New York, New York time, on such date.

 

1.4 Concerning
the Shares. The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred unless (i) such shares
are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer agent shall have been furnished
with an opinion of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel in comparable transactions)
to the effect that the shares to be sold or transferred may be sold or transferred pursuant to an exemption from such registration or
(iii) such shares are sold or transferred pursuant to Rule 144 under the Act (or a successor rule) (“Rule 144”) or
(iv) such shares are transferred to an “affiliate” (as defined in Rule 144) of the Borrower who agrees to sell or otherwise
transfer the shares only in accordance with this Section 1.5 and who is an Accredited Investor (as defined under the Securities Act of
1933). Until such time as the shares of Common Stock issuable upon conversion of this Note have been registered under the Act or otherwise
may be sold pursuant to Rule 144 without any restriction as to the number of securities as of a particular date that can then be immediately
sold, each certificate for shares of Common Stock issuable upon conversion of this Note that has not been so included in an effective
registration statement or that has not been sold pursuant to an effective registration statement or an exemption that permits removal
of the legend, shall bear a legend substantially in the following form, as appropriate:

 

    	4

     

    

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES MAY
NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT, OR AN OPINION
OF COUNSEL IN FORM, SUBSTANCE AND SCOPE CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS, THAT REGISTRATION IS NOT REQUIRED
UNDER SAID ACT UNLESS SOLD PURSUANT TO RULE 144 OR REGULATION S UNDER SAID ACT.”

 

The
legend set forth above shall be removed and the Borrower shall issue to the Holder a new certificate therefor free of any transfer legend
if (i) the Borrower or its transfer agent shall have received an opinion of counsel, in form, substance and scope customary for opinions
of counsel in comparable transactions, to the effect that a public sale or transfer of such Common Stock may be made without registration
under the Act and the shares are so sold or transferred, (ii) such Holder provides the Borrower or its transfer agent with reasonable
assurances that the Common Stock issuable upon conversion of this Note (to the extent such securities are deemed to have been acquired
on the same date) can be sold pursuant to Rule 144 or (iii) in the case of the Common Stock issuable upon conversion of this Note, such
security is registered for sale by the Holder under an effective registration statement filed under the Act or otherwise may be sold
pursuant to Rule 144 without any restriction as to the number of securities as of a particular date that can then be immediately sold.

 

 1.5 Effect of Certain Events.

 

(a) Effect
of Merger, Consolidation, Etc. At the option of the Holder, the sale, conveyance or disposition of all or substantially all of
the assets of the Borrower shall be deemed to be an Event of Default (as defined in Article III) pursuant to which the Borrower shall
be required to pay to the Holder upon the consummation of and as a condition to such transaction an amount equal to the Default Amount
(as defined in Article III)

 

(b) Adjustment
Due to Merger, Consolidation, Etc. If, at any time when this Note is issued and outstanding and prior to conversion of all of
the Notes, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar event, as
a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares of another class
or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of all or substantially all
of the assets of the Borrower other than in connection with a plan of complete liquidation of the Borrower, then the Holder of this Note
shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon the terms and conditions specified herein
and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion, such stock, securities or assets which the
Holder would have been entitled to receive in such transaction had this Note been converted in full immediately prior to such transaction
(without regard to any limitations on conversion set forth herein), and in any such case appropriate provisions shall be made with respect
to the rights and interests of the Holder of this Note to the end that the provisions hereof (including, without limitation, provisions
for adjustment of the Conversion Price and of the number of shares issuable upon conversion of the Note) shall thereafter be applicable,
as nearly as may be practicable in relation to any securities or assets thereafter deliverable upon the conversion hereof.

 

    	5

     

    

 

(c) Adjustment
Due to Dividend, Distribution or Split. If the Borrower, at any time while the Note is outstanding: (A) shall pay a stock dividend
or otherwise make a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable
in shares of Common Stock, (B) subdivide outstanding shares of Common Stock into a larger number of shares, (C) combine (including by
way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or (D) issue by reclassification of shares
of the Common Stock any shares of capital stock of the Borrower, then the Conversion Price shall be multiplied by a fraction of which
the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding before such event and of
which the denominator shall be the number of shares of Common Stock outstanding after such event. Any adjustment made pursuant to this
Section shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend
or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or reclassification.

 

1.6 Trading
Market Limitations. Unless permitted by the applicable rules and regulations of the principal securities market on which the
Common Stock is then listed or traded, in no event shall the Borrower issue upon conversion of or otherwise pursuant to this Note more
than the maximum number of shares of Common Stock that the Borrower can issue pursuant to any rule of the principal United States securities
market on which the Common Stock is then traded (the “Maximum Share Amount”), which shall be 19.99% of the total shares
outstanding on the Closing Date, subject to equitable adjustment from time to time for stock splits, stock dividends, combinations, capital
reorganizations and similar events relating to the Common Stock occurring after the date hereof. Once the Maximum Share Amount has been
issued, the Borrower will use its best efforts to seek and obtain shareholder approval as soon as practicable.

 

1.7 Status
as Shareholder. Upon submission of a Notice of Conversion by a Holder, (i) the shares covered thereby shall be deemed converted
into shares of Common Stock and (ii) the Holder’s rights as a Holder of such converted portion of this Note shall cease and terminate,
excepting only the right to receive certificates for such shares of Common Stock and to any remedies provided herein or otherwise available
at law or in equity to such Holder because of a failure by the Borrower to comply with the terms of this Note.

 

    	6

     

    

 

ARTICLE
II. INTENTIONALLY LEFT BLANK

 

ARTICLE
III. EVENTS OF DEFAULT

 

If
any of the following events of default (each, an “Event of Default”) shall occur:

 

3.1 Failure
to Pay Principal or Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this Note and, if
such failure is to pay interest, is not cured within ninety (90) days of such failure;

 

3.2 Receiver
or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply for
or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver
or trustee shall otherwise be appointed;

 

3.3 Judgments.
Any money judgment, writ or similar process shall be entered or filed against the Borrower or any subsidiary of the Borrower or any
of its property or other assets for more than $250,000, and shall remain unvacated, unbonded or unstayed for a period of sixty (60) days
unless otherwise consented to by the Holder, which consent will not be unreasonably withheld;

 

3.4 Bankruptcy.
Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings for relief under any bankruptcy law or any
law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the Borrower;

 

3.5 Delisting
of Common Stock. The Borrower shall fail to maintain the listing of the Common Stock on at the OTCQB or an equivalent replacement
exchange, the Nasdaq National Market, the Nasdaq SmallCap Market, the New York Stock Exchange, or the American Stock Exchange or the
Pinksheets; or

 

then,
upon the occurrence and during the continuation of any Event of Default, at the option of the Holder exercisable through the delivery
of written notice to the Borrower by Holder (the “Default Notice”), the Note shall become immediately due and payable
and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the sum of (w)
the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this
Note to the date of payment plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and/or (x) (the “Default
Amount”) and all other amounts payable hereunder and the Holder shall be entitled to exercise all other rights and remedies
available at law or in equity.

 

ARTICLE
IV. MISCELLANEOUS

 

4.1 Failure
or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further
exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative to, and not exclusive
of, any rights or remedies otherwise available.

 

4.2 Notices.
Any notice herein required or permitted to be given shall be in writing and may be personally served or delivered by courier or sent
by United States mail and shall be deemed to have been given upon receipt if personally served (which shall include telephone line facsimile
transmission) or sent by courier or three (3) days after being deposited in the United States mail, certified, with postage pre-paid
and properly addressed, if sent by mail. For the purposes hereof, the address of the Holder shall be as shown on the records of the Borrower;
and the address of the Borrower shall be as set forth in its filings with the Securities Exchange Act of 1934, as amended. Both the Holder
and the Borrower may change the address for service by service of written notice to the other as herein provided.

 

    	7

     

    

 

4.3 Amendments.
This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and the Holder.

 

4.4 Assignability.
This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to be the benefit of the Holder and
its successors and assigns. Each transferee of this Note must be an “accredited investor” (as defined in Rule 501(a) of the
1933 Act). The Holder may assign this Note at anytime.

 

4.5 Cost
of Collection. If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection,
including reasonable attorneys’ fees.

 

4.6 Governing
Law. THIS NOTE SHALL BE ENFORCED, GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS. THE BORROWER HEREBY
SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES FEDERAL COURTS LOCATED IN NEW YORK, NEW YORK WITH RESPECT TO ANY DISPUTE ARISING
UNDER THIS NOTE, THE AGREEMENTS ENTERED INTO IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. BOTH PARTIES
IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH SUIT OR PROCEEDING. BOTH PARTIES FURTHER AGREE THAT
SERVICE OF PROCESS UPON A PARTY MAILED BY FIRST CLASS MAIL SHALL BE DEEMED IN EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON THE PARTY
IN ANY SUCH SUIT OR PROCEEDING. NOTHING HEREIN SHALL AFFECT EITHER PARTY’S RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED
BY LAW. BOTH PARTIES AGREE THAT A FINAL NON-APPEALABLE JUDGMENT IN ANY SUCH SUIT OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED
IN OTHER JURISDICTIONS BY SUIT ON SUCH JUDGMENT OR IN ANY OTHER LAWFUL MANNER. THE PARTY WHICH DOES NOT PREVAIL IN ANY DISPUTE ARISING
UNDER THIS NOTE SHALL BE RESPONSIBLE FOR ALL FEES AND EXPENSES, INCLUDING ATTORNEYS’ FEES, INCURRED BY THE PREVAILING PARTY IN
CONNECTION WITH SUCH DISPUTE.

 

    	8

     

    

 

IN
WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer the first day set forth above.

 

	 	COROWARE,
    INC.
	 	 	 
	 	By:	/s/
    Lloyd Spence
	 	 	Lloyd
    Spence
	 	 	Chief
    Executive Officer

 

    	9

     

    

 

EXHIBIT
A

 

NOTICE
OF CONVERSION

(To
be Executed by the Registered Holder

in
order to Convert the Notes)

 

The
undersigned hereby irrevocably elects to convert $____________of the Note (defined below) into shares of common stock, par value $.0001 per share
(“Common Stock”), of Coroware, Inc., a Delaware corporation (the “Borrower”) according to the conditions
of the Convertible Note of the Borrower dated as of August 7, 2014 (the “Notes”), as of the date written below. If
securities 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. A copy of each Note is attached hereto (or evidence of loss, theft or destruction
thereof).

 

The
undersigned hereby requests that the Borrower issue a certificate or certificates for the number of shares of Common Stock set forth
below (which numbers are based on the Holder’s calculation attached hereto) in the name(s) specified immediately below or, if additional
space is necessary, on an attachment hereto:

 

	 	Name:	 	 

 

	 	Address
    to send shares:	 	 

 

	 		 

 

The
undersigned represents and warrants that all offers and sales by the undersigned of the securities issuable to the undersigned upon conversion
of the Note shall be made pursuant to registration of the securities under the Securities Act of 1933, as amended (the “Act”),
or pursuant to an exemption from registration under the Act.

 

Date
of Conversion:__________________________________ 

Applicable
Conversion Price:$                      

If
allowable conversion below par, actual debt reduction______________  

Number
of Shares of Common Stock to be Issued Pursuant to  

Conversion
of the Notes: ____________________

 

Signature:________________________________________ 

 

Name:___________________________________________ 

 

    	10

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