Document:

Exhibit 10.139

 

SECURITY AGREEMENT

 

This
SECURITY AGREEMENT (the “Agreement”) is made as of March 20, 2017, is executed by and between RENNOVA HEALTH,
INC., a corporation incorporated under the laws of the State of Delaware (the “Grantor”), and TCA GLOBAL CREDIT
MASTER FUND, LP, a limited partnership organized and existing under the laws of the Cayman Islands (the “Secured Party”).

 

WHEREAS,
pursuant to a Securities Purchase Agreement dated as of May 31, 2015 and effective as of September 11, 2015, between Medytox Solutions,
Inc., a corporation incorporated under the laws of the State of Nevada (the “Company”), and the Secured Party
(as amended, the “Purchase Agreement”), the Company has agreed to issue to the Secured Party and the Secured
Party has agreed to purchase from Company certain senior secured, convertible, redeemable debentures (as amended, the “Debentures”),
as more specifically set forth in the Purchase Agreement;

 

WHEREAS,
following the date of the Purchase Agreement, the Grantor has become the parent of the Company and is receiving a direct benefit
from Company’s receipt of certain sums pursuant to Secured Party’s purchase of the Debentures from the Company and
the continuing good standing relationship with the Secured Party; and

 

WHEREAS,
the Grantor has agreed to execute and deliver this Security Agreement to the Secured Party, for the benefit of the Secured Party.

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements of the parties hereinafter set forth and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties each intending to be legally bound, hereby
do agree as follows:

 

1.                  
Recitals. The recitations set forth in the preamble of this Agreement are true and correct and incorporated
herein by this reference.

 

2.                   
Construction and Definition of Terms. In this Agreement, unless the express context otherwise requires: (i)
the words “herein,” “hereof’ and “hereunder” and words of similar import refer to this Agreement
as a whole and not to any particular provision of this Agreement; (ii) references to the words “Section” or “Subsection”
refer to the respective Sections and Subsections of this Agreement, and references to “Exhibit” or “Schedule”
refer to the respective Exhibits and Schedules attached hereto; (iii) wherever the word “include,” “includes”
or “including” is used in this Agreement , it will be deemed to be followed by the words “without limitation.”
All capitalized terms used in this Agreement that are defined in the Purchase Agreement or otherwise defined in Articles 8 or
9 of the Code shall have the meanings assigned to them in the Purchase Agreement or the Code, respectively and as applicable,
unless the context of this Agreement requires otherwise. In addition to the capitalized terms defined in the Code and the Purchase
Agreement, unless the context otherwise requires, when used herein, the following capitalized terms shall have the following meanings
(provided that if a capitalized term used herein is defined in the Purchase Agreement and separately defined in this Agreement,
the meaning of such term as defined in this Agreement shall control for purposes of this Agreement):

 

 

 

 

 

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(a)                
“Agreement” means this Security Agreement and all amendments, modifications and supplements hereto.

 

(b)               
“Bankruptcy Code” means the United States Bankruptcy Code, as amended from time to time, or any
other similar laws, codes, rules or regulations relating to bankruptcy, insolvency or the protection of creditors.

 

(c)                
“Business Premises” shall mean the Grantor’s offices located at 400 South Australian Ave.,
8th Floor. West Palm Beach, FL 33401.

 

(d)               
“Closing” shall mean the date on which this Agreement is fully executed by both parties.

 

(e)                 
“Code” shall mean the Uniform Commercial Code as in effect from time to time in the State of Nevada,
provided that terms used herein which are defined in the Code as in effect in the State of Nevada on the date hereof shall continue
to have the same meaning notwithstanding any replacement or amendment of such statute, except as the Secured Party may otherwise
agree.

 

(f)                   “Collateral”
shall mean any and all property of the Grantor, of any kind or description, tangible or intangible, real, personal or mixed,
wheresoever located and whether now existing or hereafter arising or acquired, including the following: (i) all property of,
or for the account of, the Grantor now or hereafter coming into the possession, control or custody of, or in transit to,
Secured Party or any agent or bailee for Secured Party or any parent, affiliate or subsidiary of Secured Party or any
participant with Secured Party in the Obligations (whether for safekeeping, deposit, collection, custody, pledge,
transmission or otherwise), including all cash, earnings, dividends, interest, or other rights in connection therewith and
the products and proceeds therefrom, including the proceeds of insurance thereon; (ii) the following additional property
of the Grantor, whether now existing or hereafter arising or acquired, and wherever now or hereafter located, together with
all additions and accessions thereto, substitutions, betterments and replacements therefor, products and Proceeds therefrom,
and all of the Grantor’s books and records and recorded data relating thereto (regardless of the medium of recording or
storage), together with all of the Grantor’s right, title and interest in and to all computer software required to
utilize, create, maintain and process any such records or data on electronic media, including all: (A) Accounts, and all
goods whose sale, lease or other disposition by the Grantor has given rise to Accounts and have been returned to, or
repossessed or stopped in transit by, the Grantor, or rejected or refused by an Account debtor; (B) As-extracted Collateral;
(C) Chattel Paper (whether tangible or electronic); (D) Commodity Accounts; (E) Commodity Contracts; (F) Deposit Accounts,
including all cash and other property from time to time deposited therein and the monies and property in the possession or
under the control of the Secured Party or any affiliate, representative, agent, designee or correspondent of the Secured
Party; (G) Documents; (H) Equipment; (I) Farm Products; (J) Fixtures; (K) General Intangibles (including all Payment
Intangibles); (L) Goods, and all accessions thereto and goods with which the Goods are commingled; (M) Health-Care Insurance
Receivables; (N) Instruments; (0) Inventory, including raw materials, work-in-process and finished goods; (P) Investment
Property; (Q) Letter-of-Credit Rights; (R) Promissory Notes; (S) Software; (T) all Supporting Obligations; (U) all commercial
tort claims hereafter arising; (V) all other tangible and intangible personal property of the Grantor (whether or not subject
to the Code), including, all bank and other accounts and all cash and all investments therein, all proceeds,
products, offspring, accessions, rents, profits, income, benefits, substitutions and replacements of and to any of the
property of the Grantor described within the definition of Collateral (including, any proceeds of insurance thereon and all
causes of action, claims and warranties now or hereafter held by the Grantor in respect of any of the items listed within the
definition of Collateral), and all books, correspondence, files and other Records, including, all tapes, desks, cards,
Software, data and computer programs in the possession or under the control of the Grantor or any other Person from time to
time acting for the Grantor, in each case, to the extent of the Grantor’s rights therein, that at any time evidence or
contain information relating to any of the property described or listed within the definition of Collateral or which are
otherwise necessary or helpful in the collection or realization thereof; (W) all real property interests of the Grantor and
the interest of the Grantor in fixtures related to such real property interests; and (X) Proceeds, including all Cash
Proceeds and Noncash Proceeds, and products of any or all of the foregoing, in each case howsoever the Grantor’s
interest therein may arise or appear (whether by ownership, security interest, claim or otherwise); provided, however,
Collateral shall not include any Excluded Collateral (as defined herein).

 

 

 

 

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(g)
                   “Event
of Default” shall mean any of the events described in Section 4 hereof.

 

(h)                  
“Excluded Collateral” shall mean, collectively, any Accounts of the Company due from any federal
or state government healthcare reimbursement program including, but not limited to, the Medicare, Medicaid, and Tri-care programs.

 

(i)
                     “Obligations”
shall have the meaning given to it in the Purchase Agreement.

 

3.            
Security.

 

(a)                    
Grant of Security Interest. As security for the full payment and performance of all of the Obligations, whether
or not any instrument or agreement relating to any Obligation specifically refers to this Agreement or the security interest created
hereunder, the Grantor hereby assigns, pledges and grants to Secured Party an unconditional, continuing, first priority security
interest in all of the Collateral. Secured Party’s security interest shall continually exist until all Obligations have been
indefeasibly satisfied and/or paid in full.

 

(b)                   
Representations, Warranties. Covenants and Agreement of the Grantor. The Grantor covenants, warrants and represents,
for the benefit of the Secured Party, as follows:

 

(i)             
The Grantor has the requisite corporate power and authority to enter into this Agreement and otherwise to carry
out its obligations hereunder. The execution, delivery and performance by the Grantor of this Agreement and the filings contemplated
herein have been duly authorized by all necessary action on the part of the Grantor and no further action is required by the Grantor.
This Agreement constitutes a legal, valid and binding obligation of the Grantor enforceable in accordance with its terms, except
as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement
of creditor’s rights generally.

 

(ii)           
The Grantor represents and warrants that it has no place of business or offices where its respective books of account
and records are kept or places where Collateral is stored or located, except for the Business Premises.

 

 

 

 

 

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(iii)        
The Grantor is the sole owner of the Collateral (except for non- exclusive licenses
granted by the Grantor in the Grantor’s Ordinary Course of Business), free and clear of any and all Encumbrances. The Grantor
is fully authorized to grant the security interests in and to pledge the Collateral to Secured Party. There is not on file in
any agency, land records or other office of any Governmental Authority, an effective financing statement, security agreement,
license or transfer or any notice of any of the foregoing (other than those that have been filed in favor of the Secured Party
pursuant to this Agreement) covering or affecting any of the Collateral. So long as this Agreement shall be in effect, the Grantor
shall not execute and shall not permit to be on file in any such agency, land records or other office any such financing statement
or other document or instrument (except to the extent filed or recorded in favor of the Secured Party pursuant to the terms of
this Agreement).

 

(iv)        
No part of the Collateral has been judged invalid or unenforceable. No Claim, Proceeding
or other notice or other similar item has been received by the Grantor that any Collateral or the Grantor’s use of any Collateral
violates the rights of any Person. There has been no adverse decision or claim to the Grantor’s ownership rights in or exclusive
rights to use the Collateral in any jurisdiction or to the Grantor’s right to keep and maintain such Collateral in full
force and effect, and there is no Claim or Proceeding of any nature involving said rights pending or, to the best knowledge of
the Grantor, threatened, before any Governmental Authority.

 

(v)         
The Grantor shall at all times maintain its books of account and records relating to the Collateral and maintain
the Collateral at the Business Premises, and the Grantor shall not relocate such books of account and records or Collateral, except
and unless: (A) Secured Party first receives notice of such relocation, which approval may be withheld in Secured Party’s
sole and absolute discretion; (B) evidence that appropriate financing statements and other necessary documents have been filed
and recorded and other steps have been taken to create in favor of the Secured Party valid, perfected and continuing liens in
the Collateral; or (C) Collateral is moved or relocated in the Grantor’s Ordinary Course of Business, provided, however,
that any permanent relocation of any of the Collateral shall require prior written notice to Secured Party in accordance with
Subsection 3(b)(v)(A) above.

 

(vi)         
Upon making the filings described in the immediately following sentence or by possession or control of such Collateral
by Secured Party or delivery of such Collateral to Secured Party, this Agreement creates, in favor of the Secured Party, a valid,
perfected, first priority security interest in the Collateral. Except for the filing of financing statements on Form UCC-1 under
the Code with the State of Delaware, no authorization or approval of, or filing with, or notice to any Governmental Authority
is required either: (A) for the grant by the Grantor of, or the effectiveness of, the security interest granted hereby or for
the execution, delivery and performance of this Agreement by the Grantor; or (B) for the perfection of or exercise by the Secured
Party of its rights and remedies hereunder.

 

(vii)       
Simultaneous with the execution of this Agreement, the Grantor hereby authorizes the Secured Party to file one or
more UCC financing statements, and any continuations, amendments, or assignments thereof with respect to the security interests
in the Collateral granted hereby, with the State of Delaware and in such other jurisdictions as may be necessary.

 

 

 

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(viii)       
The execution, delivery and performance of this Agreement, and the granting of the security interests contemplated
hereby, will not: (A) constitute a violation of or conflict with the Certificate of Incorporation, Articles of Association or
any other organizational or governing documents of the Company; (B) constitute a violation of, or a default or breach under (either
immediately, upon notice, upon lapse of time, or both), or conflicts with, or gives to any other Person any rights of termination,
amendment, acceleration or cancellation of, any provision of any Contract or agreement to which Grantor is a party or by which
any of the Collateral may be bound; (C) constitute a violation of, or a default or breach under (either immediately, upon notice,
upon lapse of time, or both), or conflicts with, any Judgment of any Governmental Authority; (D) constitute a violation of, or
conflict with, any Law; or (E) result in the loss or adverse modification of, or the imposition of any fine, penalty or other
Encumbrance with respect to, any Permit granted or issued to, or otherwise held by or for the use of, the Grantor or any of the
Collateral. No Consent (including from stockholders or creditors of the Grantor) is required for the Grantor to enter into and
perform its obligations hereunder.

 

(ix)         
The Grantor shall at all times maintain the liens and security interests provided for hereunder as valid and perfected
liens and security interests in the Collateral in favor of the Secured Party until this Agreement and the security interests hereunder
shall terminate pursuant to Section 8(o) below. The Grantor shall at all times safeguard and protect all Collateral, at its own
expense, for the account of the Secured Party. At the request of the Secured Party, the Grantor will sign and deliver to the Secured
Party at any time, or from time to time, one or more financing statements pursuant to the Code (or any other applicable statute)
in form reasonably satisfactory to the Secured Party and will pay the cost of filing the same in all public offices wherever filing
is, or is reasonably deemed by the Secured Party to be, necessary or desirable to effect the rights and obligations provided
for herein. Without limiting the generality of the foregoing, the Grantor shall pay all fees, taxes and other amounts necessary
to maintain the Collateral and the security interests granted hereunder, and the Grantor shall obtain and furnish to the Secured
Party from time to time, upon demand, such releases and/or subordinations of claims and liens which may be required to maintain
the priority of the security interests hereunder.

 

(x)            
Except for purchase money, the Grantor will not transfer, pledge, hypothecate, encumber, license, sell or otherwise
dispose of any of the Collateral without the prior written consent of the Secured Party, which consent may be withheld in the
Secured Party’s sole and absolute discretion, except for transfers, sales or licenses made in the Grantor’s Ordinary
Course of Business.

 

(xi)          
The Grantor shall keep, maintain and preserve all of the Collateral in good condition, repair and order and the
Grantor will use, operate and maintain the Collateral in compliance with all Laws, and in compliance with all applicable insurance
requirements and regulations.

 

 

 

 

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(xii)        
The Grantor shall, within five (5) days of obtaining knowledge thereof, advise the Secured Party promptly, in sufficient
detail, of any substantial or material adverse change in the Collateral, and of the occurrence of any event which would have a
Material Adverse Effect.

 

(xiii)     
The Grantor shall promptly execute and deliver to the Secured Party such further deeds, mortgages, assignments,
security agreements, financing statements or other instruments, documents, certificates and assurances and take such further action
as the Secured Party may from time to time reasonably request and may in its reasonable discretion deem necessary to perfect,
protect or enforce its security interest in the Collateral, including, placing legends on Collateral or on books and records pertaining
to Collateral stating that Secured Party has a security interest therein.

 

(xiv)      
The Grantor will take all steps reasonably necessary to diligently pursue and seek to preserve, enforce and collect
any rights, claims, causes of action and accounts receivable in respect of the Collateral.

 

(xv)       
The Grantor shall promptly notify the Secured Party in sufficient detail upon becoming aware of any Claim, Proceeding,
or any other litigation, attachment, garnishment, execution or other legal process levied against any Collateral or of any Claim,
Proceeding or any other material litigation, attachment, garnishment, execution or other legal process which Grantor knows or
has reason to believe is pending or threatened against it or the Collateral, and of any other information received by the Grantor
that may materially and adversely affect the value of the Collateral, the security interests granted hereunder or the rights
and remedies of the Secured Party hereunder.

 

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

 

(xvii)       Except as otherwise disclosed to the Secured Party in writing, Grantor will promptly pay when due all Taxes and all
transportation, storage, warehousing and all other charges and fees affecting or arising out of or relating to the Collateral and
shall defend the Collateral, at Grantor’s expense, against all claims of any Persons claiming any interest in the Collateral
adverse to Grantor or Secured Party.

 

(xviii)      During normal business hours and subject to prior reasonable notice from Secured Party to the Grantor (which notice
may be e-mail or telephonic notice), Secured Party and its agents and designees may enter the Business Premises and any other premises
of the Grantor and inspect the Collateral and all books and records of the Grantor (in whatever form) up to two (2) times per year
absent an Event of Default, and the Grantor shall pay the reasonable costs of such inspections.

 

 

 

 

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(xix)      The
Grantor shall maintain comprehensive casualty insurance on the Collateral against such risks, in such amounts, with such loss
deductible amounts and with such companies as may be reasonably satisfactory to the Secured Party, and each such policy shall
contain a clause or endorsement satisfactory to Secured Party naming Secured Party as loss payee and a clause or endorsement
satisfactory to Secured Party that such policy may not be canceled or altered and Secured Party may not be removed as loss
payee without at least thirty (30) days prior written notice to Secured Party. In all events, the amounts of such
insurance coverages shall conform to prudent business practices and shall be in such minimum amounts that Grantor will not be
deemed a co-insurer under applicable insurance laws, policies or practices. Upon the occurrence and continuation of an Event
of Default, the Grantor hereby assigns to Secured Party and grants to Secured Party a security interest in any and all
proceeds of such policies and authorizes and empowers Secured Party to adjust or compromise any loss under such policies and
to collect and receive all such proceeds. Upon the occurrence and continuation of an Event of Default, the Grantor hereby
authorizes and directs each insurance company to pay all such proceeds directly and solely to Secured Party and not to the
Grantor and Secured Party jointly. Upon the occurrence and continuation of an Event of Default, the Grantor authorizes and
empowers Secured Party to execute and endorse in Grantor’s name all proofs of loss, drafts, checks and any other
documents or instruments necessary to accomplish such collection, and any persons making payments to Secured Party under the
terms of this subsection are hereby relieved absolutely from any obligation or responsibility to see to the application of
any sums so paid. After deduction from any such proceeds of all costs and expenses (including attorney’s fees) incurred
by Secured Party in the collection and handling of such proceeds, the net proceeds shall be applied as follows: if no Event
of Default shall have occurred and be continuing, such net proceeds may be applied, at Grantor’s option, either toward
replacing or restoring the Collateral, in a manner and on terms satisfactory to Secured Party, or as a credit against such of
the Obligations, whether matured or unmatured, as Company shall determine. In the event that Grantor may and does elect to
replace or restore any of the Collateral as aforesaid, then such net proceeds shall be deposited in a segregated account
opened in the name and for the benefit of Secured Party, and such net proceeds shall be disbursed therefrom by Secured Party
in such manner and at such times as Secured Party deems appropriate to complete and insure such replacement or restoration;
provided, however, that if an Event of Default shall occur and be continuing at any time before or after replacement or
restoration has commenced, then thereupon Secured Party shall have the option to apply all remaining net proceeds either
toward replacing or restoring the Collateral, in a manner and on terms satisfactory to Secured Party, or as a credit against
such of the Obligations, whether matured or unmatured, as Secured Party shall determine in Secured Party’s sole
discretion. If an Event of Default shall have occurred and be continuing prior to such deposit of the net proceeds, then
Secured Party may, in its sole discretion, apply such net proceeds either toward replacing or restoring the Collateral, in a
manner and on terms satisfactory to Secured Party, or as a credit against such of the Obligations, whether matured or
unmatured, as Secured Party shall determine in Secured Party’s sole discretion.

 

(xx)        
The Grantor shall cooperate with Secured Party to obtain and keep in effect one or more control agreements in Deposit
Accounts, Electronic Chattel Paper, Investment Property and Letter-of-Credit Rights Collateral. In addition, the Grantor, at the
Grantor’s expense, shall promptly: (A) execute all notices of security interest for each relevant type of Software and other
General Intangibles in forms suitable for filing with any United States or foreign office handling the registration or filing of
patents, trademarks, copyrights and other intellectual property and any successor office or agency thereto; and (B) take all commercially
reasonable steps in any Proceeding before any such office or any similar office or agency in any other country or any political
subdivision thereof, to diligently prosecute or maintain, as applicable, each application and registration of any Software, General
Intangibles or any other intellectual property rights and assets that are part of the Collateral, including filing of renewals,
affidavits of use, affidavits of incontestability and opposition, interference and cancellation proceedings.

 

(xxi)      
Grantor shall not file any amendments, correction statements or termination statements concerning the Collateral
without the prior written consent of Secured Party while the Obligations are outstanding.

 

(c)                
Collateral Collections. While an Event of Default shall have occurred and be continuing, Secured Party shall
have the right at any and all times to enforce the Grantor’s rights against all Persons obligated on any of the Collateral,
including the right to: (i) notify and/or require the Grantor to notify any or all Persons obligated on any of the Collateral
to make payments directly to Secured Party or in care of a post office lock box under the sole control of Secured Party established
at Grantor’s expense, and to take any or all action with respect to Collateral as Secured Party shall determine in its sole
discretion, including, the right to demand, collect, sue for and receive any money or property at any time due, payable or receivable
on account thereof, compromise and settle with any Person liable thereon, and extend the time of payment or otherwise change the
terms thereof, without incurring any liability or responsibility to the Grantor whatsoever; and/or (ii) require the Grantor to
segregate and hold in trust for Secured Party and, on the day of Grantor’s receipt thereof, transmit to Secured Party in
the exact form received by the Grantor (except for such assignments and endorsements as may be required by Secured Party), all
cash, checks, drafts, money orders and other items of payment constituting any portion of the Collateral or proceeds of the Collateral.
Secured Party’s collection and enforcement of Collateral against Persons obligated thereon shall be deemed to be commercially
reasonable if Secured Party exercises the care and follows the procedures that Secured Party generally applies to the collection
of obligations owed to Secured Party.

 

 

 

 

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(d)                   Care
of Collateral. Except for Collateral in control or possession of the Secured Party, Grantor shall have all risk of loss
of the Collateral. Except for Collateral in control or possession of the Secured Party, the Secured Party shall have no
liability or duty, either before or after the occurrence of an Event of Default, on account of loss of or damage to,
to collect or enforce any of its rights against, the Collateral, to collect any income accruing on the Collateral, or to
preserve rights against Persons with prior interests in the Collateral. If Secured Party actually receives any notices
requiring action with respect to Collateral in Secured Party’s possession, Secured Party shall take reasonable steps to
forward such notices to the Grantor. The Grantor is responsible for responding to notices concerning the Collateral, voting
the Collateral, and exercising rights and options, calls and conversions of the Collateral. Secured Party’s reasonable
responsibility is to take such action as is reasonably requested by Grantor in writing, however, Secured Party is not
responsible to take any action that, in Secured Party’s reasonable judgment, would affect the value of the Collateral
as security for the Obligations adversely. While Secured Party is not required to take certain actions, if action is needed,
in Secured Party’s reasonable discretion, to preserve and maintain the Collateral, Grantor authorizes Secured Party to
take such actions, but Secured Party is not obligated to do so.

 

4.                     Events
of Default. The occurrence of any one or more of the acts constituting an “Event of Default” as described in
Section 3.01 of the Debenture.

 

5.
                    Rights
and Remedies.

 

(a)                  
Rights and Remedies of Secured Party. Upon and while an Event of Default is continuing, Secured Party may,
without notice or demand, exercise in any jurisdiction in which enforcement hereof is sought, the following rights and remedies,
in addition to the rights and remedies available to Secured Party under the Purchase Agreement and any other Transaction Documents,
the rights and remedies of a secured party under the Code, and all other rights and remedies available to Secured Party under applicable
law or in equity, all such rights and remedies being cumulative and enforceable alternatively, successively or concurrently:

 

(i)              Take
absolute control of the Collateral including transferring into the Secured Party’s name or into the name of its nominee
or nominees (to the extent the Secured Party has not theretofore done so) and thereafter receive, for the benefit of the
Secured Party, all payments made thereon, give all consents, waivers and ratifications in respect thereof and otherwise act
with respect thereto as though it were the outright owner thereof;

 

(ii)            
Require the Grantor to, and the Grantor hereby agrees that it will at its expense and upon request of the Secured Party
forthwith, assemble all or part of the Collateral as directed by the Secured Party and make it available to the Secured Party
at a place or places to be designated by the Secured Party that is convenient to Secured Party, and the Secured Party may enter
into and occupy the Business Premises or any other premises owned or leased by the Grantor where the Collateral or any part thereof
is located or assembled in order to effectuate the Secured Party’s rights and remedies hereunder or under law without a
breach of peace, including removing such Collateral therefrom, without any obligation or liability to the Grantor in respect of
such occupation, the Grantor HEREBY WAIVING ANY AND ALL RIGHTS TO PRIOR NOTICE AND TO JUDICIAL HEARING WITH RESPECT TO REPOSSESSION
OF COLLATERAL AND THE GRANTOR HEREBY GRANTING TO SECURED PARTY AND ITS AGENTS AND REPRESENTATIVES FULL AUTHORITY TO ENTER SUCH
PREMISES;

 

(iii)            
Without notice, except as specified below, and without any obligation to prepare or process the Collateral for sale:
(A) sell the Collateral or any part thereof in one or more parcels at public or private sale, at any of the Secured Party’s
offices or elsewhere, for cash, on credit or for future delivery, and at such price or prices and upon such other terms as shall
be commercially reasonable; and/or (B) lease, license or dispose of the Collateral or any part thereof upon such terms as shall
be commercially reasonable. The Grantor agrees that, to the extent notice of sale or any other disposition of the Collateral shall
be required by law, at least ten (10) days’ notice to the Grantor of the time and place of any public sale or the time after
which any private sale or other disposition of the Collateral is to be made shall constitute reasonable notification. The Secured
Party shall not be obligated to make any sale or other disposition of any Collateral regardless of notice of sale having been
given. The Secured Party may adjourn any public or private sale from time to time by announcement at the 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. The Grantor hereby
waives any claims and actions against the Secured Party arising by reason of the fact that the price at which any of the Collateral
may have been sold at 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 such Collateral
to more than one offeree, and waives all rights that the Grantor may have to require that all or any part of such Collateral be
marshaled upon any sale (public or private) thereof. The Grantor hereby acknowledges that: (X) any such sale of the Collateral
by the Secured Party shall be made without warranty; (Y) the Secured Party may specifically disclaim any warranties of title,
possession, quiet enjoyment or the like; and (Z) such actions set forth in clauses (X) and (Y) above shall not adversely affect
the commercial reasonableness of any such sale of Collateral. In addition to the foregoing: (1) upon written notice to the Grantor
from the Secured Party after and during the continuance of an Event of Default, the Grantor shall cease any use of any intellectual
property or any trademark, patent or copyright similar thereto for any purpose described in such notice; (2) the Secured Party
may, at any time and from time to time after and during the continuance of an Event of Default, license, whether general, special
or otherwise, and whether on an exclusive or non-exclusive basis, any of the Grantor’s intellectual property, throughout
the universe for such term or terms, on such conditions, and in such manner, as the Secured Party shall in its sole discretion
determine; and (3) the Secured Party may, at any time, pursuant to the authority granted under this Agreement (such authority
being effective upon the occurrence and during the continuance of an Event of Default), execute and deliver on behalf of the Grantor,
one or more instruments of assignment of any intellectual property (or any application or registration thereof), in form suitable
for filing, recording or registration in any country.

 

 

 

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(iv)             
Operate, manage and control the Collateral (including use of the Collateral and any other property or assets of
Grantor in order to continue or complete performance of Grantor’s obligations under any contracts of Grantor), or permit
the Collateral or any portion thereof to remain idle or store the same, and collect all rents and revenues therefrom.

 

(v)
          Enforce the Grantor’s rights
against any Persons obligated upon any of the Collateral.

 

(vi)         
The Grantor hereby acknowledges that if the Secured Party complies with any applicable foreign, state, provincial
or federal law requirements in connection with a disposition of the Collateral, such compliance will not adversely affect the
commercial reasonableness of any sale or other disposition of the Collateral.

 

(vii)       
The Secured Party shall not be required to marshal any present or future collateral security (including, this Agreement
and the Collateral) for, or other assurances of payment of, the Obligations or any of them or to resort to such collateral security
or other assurances of payment in any particular order, and all of the Secured Party’s rights hereunder and in respect of
such collateral security and other assurances of payment shall be cumulative and in addition to all other rights, however existing
or arising. To the extent that the Grantor lawfully may, the Grantor hereby agrees that it will not invoke any law relating to
the marshaling of collateral which might cause delay in or impede the enforcement of the Secured Party’s rights under this
Agreement or under any other instrument creating or evidencing any of the Obligations or under which any of the Obligations is
outstanding or by which any of the Obligations is secured or payment thereof is otherwise assured, and, to the extent that it
lawfully may, the Grantor hereby irrevocably waives the benefits of all such laws.

 

(b)                 
Power of Attorney. Effective while an Event of Default is continuing, Grantor hereby designates and appoints
Secured Party and its designees as attorney-in-fact of and for the Grantor, irrevocably and with full power of substitution, with
authority to endorse the Grantor’s name on any notes, acceptances, checks, drafts, money orders, instruments or other evidences
of payment or proceeds of the Collateral that may come into Secured Party’s possession; to execute proofs of claim and loss;
to adjust and compromise any claims under insurance policies; and to perform all other acts necessary and advisable, in Secured
Party’s sole discretion, to carry out and enforce this Agreement and the rights and remedies conferred upon the Secured
Party by this Agreement, the Purchase Agreement or any other Transaction Documents. All acts of said attorney or designee are
hereby ratified and approved by the Grantor and said attorney or designee shall not be liable for any acts of commission or omission,
nor for any error of judgment or mistake of fact or law except for gross negligence and willful misconduct. This power of attorney
is coupled with an interest and is irrevocable so long as any of the Obligations remain unpaid or unperformed or there exists
any commitment by Secured Party which could give rise to any Obligations.

 

(c)                    Costs
and Expenses. The Grantor agrees to pay to the Secured Party, upon demand, the amount of any and all costs and expenses,
including the reasonable fees, costs, expenses and disbursements of counsel for the Secured Party and of any experts and
agents, which the Secured Party may incur in connection with: (i) the preparation, negotiation, execution,
delivery, recordation, amendment, waiver or other modification or termination of this Agreement; (ii) the custody,
preservation, use or operation of, or the sale of, collection from, or other realization upon, any Collateral; (iii) the
exercise or enforcement of any of the rights of the Secured Party hereunder; or (iv) the failure by the Grantor to perform or
observe any of the provisions hereof. Included in the foregoing shall be the amount of all expenses paid or incurred by
Secured Party in consulting with counsel concerning any of its rights hereunder, under the Purchase Agreement or under
applicable law, as well as such portion of Secured Party’s overhead as Secured Party shall allocate to collection and
enforcement of the Obligations in Secured Party’s sole but reasonable discretion. All such costs and expenses shall
bear interest from the date of outlay until paid, at the highest rate set forth in the Debenture, or if none is so stated,
the highest rate allowed by law. The provisions of this Subsection shall survive the termination of this Agreement and
Secured Party’s security interest hereunder and the payment of all Obligations.

 

 

 

    	 	9	 

     

    

 

 

6.                     
Security Interest Absolute. All rights of the Secured Party and all Obligations of the Grantor hereunder,
shall be absolute and unconditional, irrespective of: (i) any lack of validity or enforceability of this Agreement, the Purchase
Agreement, and any other Transaction Documents or any agreement entered into in connection with the foregoing, or any portion
hereof or thereof; (ii) any change in the time, manner or place of payment or performance of, or in any other term of, all or
any of the Obligations, or any other amendment or waiver of or any consent to any departure from the terms and provisions of the
Purchase Agreement, any other Transaction Documents, or any other agreement entered into in connection with the foregoing; (iii)
any exchange, release or non-perfection of any of the Collateral, or any release or amendment or waiver of or consent to departure
from any other collateral for, or any guaranty, or any other security, for all or any of the Obligations; (iv) any action by the
Secured Party to obtain, adjust, settle and cancel in its sole discretion any insurance claims or matters made or arising in connection
with the Collateral; or (v) except for payment and performance, any other circumstance which might otherwise constitute any legal
or equitable defense available to the Grantor, or a discharge of all or any part of the security interests granted hereby. Until
the Obligations shall have been paid and performed in full, the rights of the Secured Party shall continue even if the Obligations
are barred for any reason, including, the running of the statute of limitations or bankruptcy. In the event that at any time any
transfer of any Collateral or any payment received by the Secured Party hereunder shall be deemed by final order of a court of
competent jurisdiction to have been a voidable preference or fraudulent conveyance under the Bankruptcy Code or any other similar
insolvency or bankruptcy laws of any jurisdiction , or shall be deemed to be otherwise due to any party other than the Secured
Party, then, in any such event, the Grantor’s obligations hereunder shall survive cancellation of this Agreement, and shall
not be discharged or satisfied by any prior payment thereof and/or cancellation of this Agreement, but shall remain a valid and
binding obligation enforceable in accordance with the terms and provisions hereof. The Grantor waives all right to require the
Secured Party to proceed against any other Person or to apply any Collateral which the Secured Party may hold at any time, or
to pursue any other remedy. The Grantor waives any defense arising by reason of the application of the statute of limitations
to any obligation secured hereby.

 

7.                      
Indemnity. The Grantor agrees to defend, protect, indemnify and hold the Secured Party forever harmless from
and against any and all Claims of any nature or kind (including reasonable legal fees, costs, expenses, and disbursements of counsel)
to the extent that they arise out of, or otherwise result from, this Agreement (including, enforcement of this Agreement) except
for gross negligence and willful misconduct. This indemnity shall survive termination of this Agreement.

 

8.
                      Miscellaneous.

 

(a)                  
Performance for Grantor. The Grantor agrees and hereby authorizes that Secured Party may, in Secured Party’s
sole discretion, but Secured Party shall not be obligated to, whether or not an Event of Default shall have occurred, advance
funds on behalf of the Grantor , with prior notice to the Grantor and right to cure or contest, in order to insure the Grantor’s
compliance with any covenant, warranty , representation or agreement of the Grantor made in or pursuant to this Agreement, the
Purchase Agreement, or any other Transaction Documents, to continue or complete, or cause to be continued or completed, performance
of the Grantor’s obligations under any Contracts of the Grantor, or to preserve or protect any right or interest of Secured
Party in the Collateral or under or pursuant to this Agreement, the Purchase Agreement or any other Transaction Documents, including,
the payment of any insurance premiums or taxes and the satisfaction or discharge of any Claim, Obligation, Judgment or any other
Encumbrance upon the Collateral or other property or Assets of Grantor; provided, however, that the making of any such advance
by Secured Party shall not constitute a waiver by Secured Party of any Event of Default with respect to which such advance is
made, nor relieve the Grantor of any such Event of Default. The Grantor shall pay to Secured Party upon demand all such advances
made by Secured Party with interest thereon at the highest rate set forth in the Debenture, or if none is so stated, the highest
rate allowed by law. All such advances shall be deemed to be included in the Obligations and secured by the security interest
granted Secured Party hereunder; provided, however, that the provisions of this Subsection shall survive the termination of this
Agreement and Secured Party’s security interest hereunder and the payment of all other Obligations.

 

(b)                  
Applications of Payments and Collateral. Except as may be otherwise specifically provided in this Agreement
or the Purchase Agreement, while an Event of Default is continuing, all Collateral and proceeds of Collateral coming into Secured
Party’s possession and all payments made by any Person to Secured Party with respect to any Collateral may be applied by
Secured Party (after payment of any amounts payable to the Secured Party pursuant to Section 5(c) hereof) to any of the Obligations,
whether matured or unmatured, as Secured Party shall determine in its sole, but reasonable discretion. Any surplus held by the
Secured Party and remaining after the indefeasible payment in full in cash of all of the Obligations shall be paid over to whomsoever
shall be lawfully entitled to receive the same or as a court of competent jurisdiction shall direct. Secured Party may defer the
application of Noncash Proceeds of Collateral, to the Obligations until Cash Proceeds are actually received by Secured Party.
In the event that the proceeds of any such sale, collection or realization are insufficient to pay all amounts to which the Secured
Party is legally entitled, the Grantor shall be liable for the deficiency, together with interest thereon at the highest rate
specified in the Debenture for interest on overdue principal thereof or such other rate as shall be fixed by applicable law, together
with the costs of collection and the reasonable fees, costs, expenses and other client charges of any attorneys employed by the
Secured Party to collect such deficiency.

 

 

 

 

    	 	10	 

     

    

 

(c)                  Waivers
by Grantor. The Grantor hereby waives, to the extent the same may be waived under applicable law: (i) notice of acceptance
of this Agreement; (ii) all claims and rights of the Grantor against Secured Party on account of actions taken or not taken by
Secured Party in the exercise of Secured Party’s rights or remedies hereunder, under the Purchase Agreement, and other Transaction
Documents or under applicable law; (iii) all claims of the Grantor for failure of Secured Party to comply with any requirement
of applicable law relating to enforcement of Secured Party’s rights or remedies hereunder, under the Purchase Agreement,
under any other Transaction Documents or under applicable law; (iv) all rights of redemption of the Grantor with respect to the
Collateral; (v) in the event Secured Party seeks to repossess any or all of the Collateral by judicial proceedings, any bond(s)
or demand(s) for possession which otherwise may be necessary or required; (vi) presentment, demand for payment, protest and notice
of non-payment and all exemptions applicable to any of the Collateral or the Grantor; (vii) any and all other notices or demands
which by applicable law must be given to or made upon the Grantor by Secured Party; (viii) settlement, compromise or release of
the obligations of any Person primarily or secondarily liable upon any of the Obligations; (ix) all rights of the Grantor to demand
that Secured Party release account debtors or other Persons liable on any of the Collateral from further obligation to Secured
Party; and (x) substitution, impairment, exchange or release of any Collateral for any of the Obligations. The Grantor agrees
that Secured Party may exercise any or all of its rights and/or remedies hereunder, under the Purchase Agreement, the other Transaction
Documents and under applicable law without resorting to and without regard to any Collateral or sources of liability with respect
to any of the Obligations. Upon termination of this Agreement and Secured Party’s security interest hereunder and payment
of all Obligations, within ten (10) Business Days following the Grantor’s request to Secured Party, Secured Party shall
release control of any security interest in the Collateral perfected by control and Secured Party shall send Grantor a statement
terminating any financing statement filed against the Collateral.

 

(d)                   
Waivers by Secured Party. No failure or any delay on the part of Secured Party in exercising any right, power
or remedy hereunder, under this Agreement, the Purchase Agreement, and other Transaction Documents or under applicable law, shall
operate as a waiver thereof.

 

(e)                    
Secured Party’s Setoff. Secured Party shall have the right, in addition to all other rights and remedies
available to it, following an Event of Default, to set off against any Obligations due Secured Party, any debt owing to the Grantor
by Secured Party.

 

(f)                 
Modifications, Waivers and Consents. No modifications or waiver of any provision of this Agreement, the Purchase
Agreement, or any other Transaction Documents, and no consent by Secured Party to any departure by the Grantor therefrom, shall
in any event be effective unless the same shall be in writing, and then such waiver or consent shall be effective only in the
specific instance and for the purpose for which given, and any single or partial written waiver by Secured Party of any term,
provision or right of Secured Party hereunder shall only be applicable to the specific instance to which it relates and shall
not be deemed to be a continuing or future waiver of any other right, power or remedy. No notice to or demand upon the Grantor
in any case shall entitle Grantor to any other or further notice or demand in the same, similar or other circumstances.

 

(g)                  
Notices. All notices of request, demand and other communications hereunder shall be addressed to the parties
as follows:

 

 

	 	If to the Guarantor:	 	400 South Australian
Ave., 8th Floor
	 	 	 	West Palm Beach, FL 33401
	 	 	 	Attention: Seamus Lagan
	 	 	 	E-Mail: slagan@rennovahealth.com
	 	 	 	 
	 	With a copy to:	 	Shutts & Bowen LLP
	 	(which shall not constitute
notice)	 	200 South Biscayne Boulevard
	 	 	 	Suite 200
	 	 	 	Miami, FL 33131
	 	 	 	Attention: J.
Thomas Cookson
	 	 	 	E-Mail:
tcookson@shutts.com
	 	 	 	 
	 	If to the Secured Party	 	TCA
Global Credit Master Fund, LP
	 	 	 	3960 Howard Hughes
Parkway, Suite 500
	 	 	 	Las Vegas, NV 89196
	 	 	 	Attn: Mr. Robert Press
	 	 	 	E-Mail: bpress@tcaglobalfund.com
	 	 	 	 
	 	With a copy to:	 	Lucosky Brookman LLP
	 	(which shall not constitute notice)	 	101 Wood
Avenue South, 5th Floor
	 	 	 	Woodbridge, NJ 08830
	 	 	 	Attn: Seth A. Brookman, Esq.
	 	 	 	E-Mail: sbrookman@lucbro.com

 

 

 

 

    	 	11	 

     

    

unless
the address is changed by the party by like notice given to the other parties. Notice shall be in writing and shall be deemed
delivered: (i) if mailed by certified mail, return receipt requested, postage prepaid and properly addressed to the address below,
then three (3) business days after deposit of same in a regularly maintained U.S. Mail receptacle; or (ii) if mailed by Federal
Express, UPS or other nationally recognized overnight courier service, next business morning delivery, then one (1) business day
after deposit of same in a regularly maintained receptacle of such overnight courier; or (iii) if hand delivered, then upon hand
delivery thereof to the address indicated on or prior to 5:00 p.m., EST, on a business day. Any notice hand delivered after 5:00
p.m., EST, shall be deemed delivered on the following business day. Notwithstanding the foregoing, notice, consents, waivers or
other communications referred to in this Agreement may be sent by facsimile, e-mail, or other method of delivery, but shall be
deemed to have been delivered only when the sending party has confirmed (by reply e-mail or some other form of written confirmation
from the receiving party) that the notice has been received by the other party.

 

(h)                  
Applicable Law and Consent to Jurisdiction. The Grantor and the Secured Party each irrevocably agrees that
any dispute arising under, relating to, or in connection with, directly or indirectly, this Agreement or related to any matter
which is the subject of or incidental to this Agreement (whether or not such claim is based upon breach of contract or tort) shall
be subject to the exclusive jurisdiction and venue of the state and/or federal courts located in Broward County, Florida. This
provision is intended to be a “mandatory” forum selection clause and governed by and interpreted consistent with Florida
law. The Grantor and Secured Party each hereby consents to the exclusive jurisdiction and venue of any state or federal court
having its situs in said county, and each waives any objection based on forum non conveniens. The Grantor hereby waives personal
service of any and all process and consent that all such service of process may be made by certified mail, return receipt requested,
directed to the Grantor, as set forth herein in the manner provided by applicable statute, law, rule of court or otherwise. Except
for the foregoing mandatory forum selection clause, this Agreement shall be construed in accordance with the laws of the State
of Nevada, without regard to the principles of conflicts of laws, except to the extent that the validity and perfection or the
perfection and the effect of perfection or non-perfection of the security interest created hereby, or remedies hereunder, in respect
of any particular Collateral are governed under the Code by the law of a jurisdiction other than the State of Nevada, in which
case such issues shall be governed by the laws of the jurisdiction governing such issues under the Code.

 

(i)                   
Survival: Successors and Assigns. All covenants, agreements, representations and warranties made herein shall
survive the execution and delivery hereof, shall survive Closing and shall continue in full force and effect until all Obligations
have been paid in full, there exists no commitment by Secured Party which could give rise to any Obligations and the Secured Party
has provided written notice acknowledging the satisfaction of all Obligations. Whenever in this Agreement any of the parties hereto
is referred to, such reference shall be deemed to include the successors and assigns of such party. In the event that Secured
Party assigns this Agreement and/or its security interest in the Collateral, Secured Party shall give written notice to the Grantor
of any such assignment and such assignment shall be binding upon and recognized by the Grantor (provided that failure to deliver
any such written notice shall not impair, negate or otherwise adversely affect any of the Secured Party’s rights or remedies
under this Agreement or any other Transaction Documents). All covenants, agreements, representations and warranties by or on behalf
of the Grantor which are contained in this Agreement shall inure to the benefit of Secured Party, its successors and assigns.
The Grantor may not assign this Agreement or delegate any of its rights or obligations hereunder, without the prior written consent
of Secured Party, which consent may be withheld in Secured Party’s sole and absolute discretion.

 

(j)                 
Severabilitv. If any term, provision or condition, or any part thereof, of this Agreement shall for any reason
be found or held invalid or unenforceable by any court or governmental authority of competent jurisdiction, such invalidity or
unenforceability shall not affect the remainder of such term, provision or condition nor any other term, provision or condition,
and this Agreement shall survive and be construed as if such invalid or unenforceable term, provision or condition had not been
contained therein.

 

(k)                  
Merger and Integration. This Agreement and the attached Schedules (if any), together with the Purchase Agreement
and the other Transaction Documents, contain the entire agreement of the parties hereto with respect to the matters covered and
the transactions contemplated hereby and thereby, and no other agreement, statement or promise made by any party hereto or thereto,
or by any employee, officer, agent or attorney of any party hereto, which is not contained herein or therein shall be valid or
binding.

 

 

 

 

    	 	12	 

     

    

 

(1)
WAIVER OF JURY TRIAL. THE GRANTOR HEREBY: (a) COVENANTS AND AGREES NOT TO ELECT A TRIAL BY JURY OF ANY ISSUE TRIABLE
OF RIGHT BY A JURY; AND (b) WAIVES TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO WHICH THE GRANTOR AND SECURED PARTY MAY BE PARTIES,
ARISING OUT OF, IN CONNECTION WITH OR IN ANY WAY PERTAINING TO THIS AGREEMENT, THE PURCHASE AGREEMENT AND/OR ANY TRANSACTIONS,
OCCURRENCES, COMMUNICATIONS, OR UNDERSTANDINGS (OR THE LACK OF ANY OF THE FOREGOING) RELATING IN ANY WAY TO DEBTOR- CREDITOR RELATIONSHIP
BETWEEN THE PARTIES. IT IS UNDERSTOOD AND AGREED THAT THIS WAIVER CONSTITUTES A WAIVER OF TRIAL BY JURY OF ALL CLAIMS AGAINST
ALL PARTIES TO SUCH ACTIONS OR PROCEEDINGS, INCLUDING CLAIMS AGAINST PARTIES WHO ARE NOT PARTIES TO THIS SECURITY AGREEMENT. THIS
WAIVER OF JURY TRIAL IS SEPARATELY GIVEN, KNOWINGLY, WILLINGLY AND VOLUNTARILY MADE BY THE GRANTOR AND THE GRANTOR HEREBY AGREES
THAT NO REPRESENTATIONS OF FACT OR OPINION HAVE BEEN MADE BY ANY INDIVIDUAL TO INDUCE THIS WAIVER OF TRIAL BY JURY OR TO IN ANY
WAY MODIFY OR NULLIFY ITS EFFECT. SECURED PARTY IS HEREBY AUTHORIZED TO SUBMIT THIS AGREEMENT TO ANY COURT HAYING JURISDICTION
OVER THE SUBJECT MATTER AND THE GRANTOR AND SECURED PARTY, SO AS TO SERVE AS CONCLUSIVE EVIDENCE OF SUCH WAIVER OF RIGHT TO TRIAL
BY JURY. THE GRANTOR REPRESENTS AND WARRANTS THAT IT HAS BEEN REPRESENTED IN THE SIGNING OF THIS AGREEMENT AND IN THE MAKING OF
THIS WAIVER BY INDEPENDENT LEGAL COUNSEL, SELECTED OF ITS OWN FREE WILL, AND/OR THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THIS
WAIVER WITH COUNSEL.

 

(m)                
Execution. This Agreement may be executed in one or more counterparts, all of which taken together shall
be deemed and considered one and the same Agreement, and same shall become effective when counterparts have been signed by each
party and each party has delivered its signed counterpart to the other party. In the event that any signature is delivered by
facsimile transmission or by e-mail delivery of a “.pdf” format file or other similar format file, such signature
shall be deemed an original for all purposes and shall create a valid and binding obligation of the party executing same with
the same force and effect as if such facsimile or “.pdf” signature page was an original thereof.

 

(n)                  
Headings. The headings and sub-headings contained in the titling of this Agreement are intended to be used
for convenience only and shall not be used or deemed to limit or diminish any of the provisions hereof.

 

(o)                  
Termination. This Agreement and the security interests hereunder shall terminate on the date on which all
Obligations have been indefeasibly paid or discharged in full and there are no commitments outstanding for Secured Party to advance
any funds to the Grantor, either under the Purchase Agreement, the Transaction Documents or any other Contract. Upon such termination,
the Secured Party, at the request and at the expense of the Grantor for the fee for the filing of the termination statement, will
furnish any termination statement with respect to any financing statement filed pursuant to this Agreement.

 

(p)                   
Gender and Use of Singular and Plural. All pronouns shall be deemed to refer to the masculine, feminine,
neuter, singular or plural, as the identity of the party or parties or their personal representatives, successors and assigns
may require.

 

(q)                  
Further Assurances. The parties hereto will execute and deliver such further instruments and do such further
acts and things as may be reasonably required to carry out the intent and purposes of this Agreement.

 

(r)                    
Time is of the Essence. The parties hereby agree that time is of the essence with respect to performance
of each of the parties’ obligations under this Agreement. The parties agree that in the event that any date on which performance
is to occur falls on a Saturday, Sunday or state or national holiday, then the time for such performance shall be extended until
the next business day thereafter occurring.

 

(s)                    
Joint Preparation. The preparation of this Agreement has been a joint effort of the parties and the resulting
documents shall not, solely as a matter of judicial construction, be construed more severely against one of the parties than the
other.

 

(t)                    
Increase in Obligations. It is the intent of the parties to secure payment of the Obligations, as the amount
of such Obligations may increase from time to time in accordance with the terms and provisions of the Purchase Agreement, and
all of the Obligations, as so increased from time to time, shall be and are secured hereby. Upon the execution hereof, the Grantor
shall pay any and all documentary stamp taxes and/or other charges required to be paid in connection with the execution and enforcement
of the Purchase Agreement and this Agreement, and if, as and to the extent the Obligations are increased from time to time in
accordance with the terms and provisions of the Debenture, then the Grantor shall immediately pay any additional documentary stamp
taxes or other charges in connection therewith.

 

(u)                   
Intercreditor Agreement. This Agreement is subject to the terms and conditions contained in that certain
Intercreditor Agreement, of even date herewith, by and among the Credit Parties, the Secured Party and Sabby Management, LLC.

 

[signature page follows]

 

 

 

    	 	13	 

     

    

 

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

 

GRANTOR:

 

RENNOVA HEALTH, INC.

 

 

By:
/s/ Seamus Lagan                                      

Name:
Seamus Lagan

Title: Chief Executive Officer

 

	STATE OF FLORIDA	)	 
	 	)	SS.
	COUNTY OF PALM BEACH	)	 

 

 

 

The undersigned,
a Notary Public in and for the said County, in the State aforesaid, DO HEREBY CERTIFY that Seamus Lagan, the Chief Executive Officer
of Rennova Health, Inc, a Delaware corporation, who is personally known to me to be the same person whose name is subscribed to
the foregoing instrument, appeared before me this day in person and acknowledged that he/she signed and delivered the said instrument
as his/her own free and voluntary act and as the free and voluntary act of said corporation, for the uses and purposes therein
set forth.

 

GIVEN under my hand and notarial seal this
20th day of March, 2017.

 

 

                       /s/
Kelly Marsden                            

Notary Public

 

 

My
Commission Expires:

 

                       February
26, 2021                       

 

 

 

 

 

 

 

    	 	14	 

     

    

 

SECURED PARTY:

 

TCA
GLOBAL CREDIT MASTER FUND, LP

 

By:
TCA Global Credit Master Fund GP, Ltd.,

Its:
general partner

 

 

 

By:
/s/ Robert Press                              

Name:
Robert Press

Title: Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	15Exhibit 10.140

 

GUARANTY AGREEMENT

 

This
GUARANTY AGREEMENT is dated as of March 20, 2017 (as amended, restated or modified from time to time, the “Guaranty”),
and is made by RENNOVA HEALTH, INC., a corporation incorporated under the laws of the State of Delaware (the “Guarantor”),
in favor of TCA GLOBAL CREDIT MASTER FUND, LP, a limited partnership organized and existing under the laws of the Cayman Islands
(the “Buyer”).

 

WHEREAS,
pursuant to a Securities Purchase Agreement dated as of May 31, 2015 and effective as of September 11, 2015 (as amended, the “Purchase
Agreement”), by and between Medytox Solutions, Inc., a corporation incorporated under the laws of the State of Nevada
(the “Company”), and the Buyer, the Company has agreed to issue to the Buyer and the Buyer has agreed to purchase
from Company certain senior secured, redeemable debentures (as amended, the “Debentures”), as more specifically
set forth in the Purchase Agreement; and

 

WHEREAS,
following the date of the Purchase Agreement, the Guarantor has become the parent of the Company and is receiving a direct benefit
from Company’s receipt of certain sums pursuant to Buyer’s purchase of the Debentures from the Company and the continuing
good standing relationship with the Buyer; and

 

WHEREAS,
Guarantor has agreed to execute and deliver this Guaranty to Buyer, for the benefit of Buyer, as security for the Liabilities
and Obligations.

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements of the parties hereinafter set forth and
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties each intending
to be legally bound, hereby do agree as follows:

 

1.      LIABILITIES
GUARANTEED

 

Guarantor
hereby guarantees and becomes surety to Buyer for the full, prompt and unconditional payment of the Liabilities and payment and
performance of the Obligations, when and as the same shall become due, whether at the stated maturity date, by acceleration or
otherwise, and the full, prompt and unconditional performance of each term and condition to be performed by Company under the Debentures
and the other Transaction Documents. This Guaranty is a primary obligation of Guarantor and shall be a continuing inexhaustible
Guaranty. This is a guaranty of payment and not of collection. Buyer may require Guarantor to pay and perform its liabilities and
obligations under this Guaranty and may proceed immediately against Guarantor without being required to bring any proceeding or
take any action against Company or any other Person prior thereto; the liability of Guarantor hereunder being independent of and
separate from the liability of Company, any other guarantor, any other Person, and the availability of other collateral security
for the Debentures and the other Transaction Documents.

 

2.     
DEFINITIONS

 

All capitalized
terms used in this Guaranty that are defined in the Purchase Agreement shall have the meanings assigned to them in the Purchase
Agreement, unless the context of this Guaranty requires otherwise.

 

 

 

    	 	1	 

     

    

 

 

3.      REPRESENTATIONS AND WARRANTIES. Guarantor represents and warrants to Buyer as follows:

 

3.1.    Organization,
Powers. Guarantor: (i) is a corporation incorporated under the laws of the State of Delaware; (ii) has the power and authority
to own its properties and assets and to carry on its business as now being conducted and as now contemplated; and (iii) has the
power and authority to execute, deliver and perform (and the officer or manager executing this Guaranty on behalf of Guarantor
has been duly authorized to so act and execute this Guaranty on behalf of the Guarantor), and by all necessary action has authorized
the execution, delivery and performance of, all of its obligations under this Guaranty and any other Transaction Documents to
which it is a party.

 

3.2.     Execution
of Guaranty. This Guaranty, and each other Transaction Document to which Guarantor is a party, have been duly executed and
delivered by Guarantor. Execution, delivery and performance of this Guaranty and each other Transaction Document to which Guarantor
is a party will not: (i) violate any provision of any law, rule or regulation, any judgment, order, writ, decree or other instrument
of any governmental authority, or any provision of any contract or other instrument to which Guarantor is a party or by which
Guarantor or any of its properties or assets are bound; (ii) result in the creation or imposition of any lien, claim or encumbrance
of any nature, other than the liens created by the Transaction Documents; and (iii) require any consent from, exemption of, or
filing or registration with, any governmental authority or any other Person, other than any filings in connection with the liens
created by the Transaction Documents.

 

3.3.     Obligations
of Guarantor. This Guaranty and each other Transaction Document to which Guarantor is a party are the legal, valid and binding
obligations of Guarantor, enforceable against Guarantor in accordance with their terms, except as the same may be limited by bankruptcy,
insolvency, reorganization or other laws relating to or affecting the enforcement of creditors’ rights generally or by equitable
principles which may affect the availability of specific performance and other equitable remedies. The purchase of the Debenture
by Buyer and the assumption by Guarantor of its obligations hereunder and under any other Transaction Document to which Guarantor
is a party will result in material benefits to Guarantor. This Guaranty was entered into by Guarantor for commercial purposes.

 

3.4.    Litigation.
There is no demand, claim, suit, action, litigation, investigation, audit, study, arbitration, administrative hearing, or any
other proceeding of any nature whatsoever at law or in equity or by or before any governmental authority now pending or, to the
knowledge of Guarantor, threatened, against or affecting Guarantor or any of its properties, assets or rights which, if adversely
determined, would materially impair or affect: (i) the value of any collateral securing the Liabilities; (ii) Guarantor’s
right to carry on its business substantially as now conducted (and as now contemplated); (iii) Guarantor’s financial condition;
or (iv) Guarantor’s capacity to consummate and perform its obligations under this Guaranty or any other Transaction Document
to which Guarantor is a party.

 

 

 

    	 	2	 

     

    

 

 

3.5.    No
Defaults. Guarantor is not in default beyond the expiration of any applicable grace or cure periods, in the performance, observance
or fulfillment of any of the obligations, covenants or conditions contained herein or in any contract or other instrument to which
Guarantor is a party or by which Guarantor or any of its properties or assets are bound.

 

3.6.    No
Untrue Statements. To the knowledge of Guarantor, no Transaction Document or other document, certificate or statement furnished
to Buyer by or on behalf of Company or Guarantor contains any untrue statement of a material fact or omits to state a material
fact necessary in order to make the statements contained herein and therein not misleading. Guarantor acknowledges that all such
statements, representations and warranties shall be deemed to have been relied upon by Buyer as an inducement to purchase the
Debentures. 

 

4.      NO LIMITATION OF LIABILITY

 

4.1.    Guarantor
acknowledges that the obligations undertaken herein involve the guaranty of obligations of a Person other than Guarantor and,
in full recognition of that fact, Guarantor consents and agrees that Buyer may, at any time and from time to time, without notice
or demand, and without affecting the enforceability or continuing effectiveness of this Guaranty: (i) change the manner, place
or terms of payment of (including, without limitation, any increase or decrease in the principal amount of the Liabilities or
the interest rate), and/or change or extend the time for payment of, or renew, supplement or modify, any of the Liabilities, any
security therefor, or any of the Transaction Documents evidencing same, and the Guaranty herein made shall apply to the Liabilities
and the Transaction Documents as so changed, extended, renewed, supplemented or modified; (ii) sell, exchange, release, surrender,
realize upon or otherwise deal with in any manner and in any order, any property securing the Liabilities; (iii) supplement, modify,
amend or waive, or enter into or give any agreement, approval, waiver or consent with respect to, any of the Liabilities, or any
part thereof, or any of the Transaction Documents, or any additional security or guaranties, or any condition, covenant, default,
remedy, right, representation or term thereof or thereunder; (iv) exercise or refrain from exercising any rights against Company
or other Persons (including Guarantor) or against any security for the Liabilities; (v) accept new or additional instruments,
documents or agreements in exchange for or relative to any of the Transaction Documents or the Liabilities, or any part thereof;
(vi) accept partial payments on the Liabilities; (vii) receive and hold additional security or guaranties for the Liabilities,
or any part thereof; (viii) release, reconvey, terminate, waive, abandon, fail to perfect, subordinate, exchange, substitute,
transfer and/or enforce any security or guaranties, and apply any security and direct the order or manner of sale thereof as Buyer,
in its sole and absolute discretion, may determine; (ix) add, release, settle, modify or discharge the obligation of any maker,
endorser, guarantor, surety, obligor or any other Person who is in any way obligated for any of the Liabilities, or any part thereof;
(x) settle or compromise any Liabilities, whether in a Proceeding or not, and whether voluntarily or involuntarily, dispose of
any security therefor (with or without consideration and in whatever manner Buyer deems appropriate), and subordinate the payment
of any of the Liabilities, whether or not due, to the payment of liabilities owing to creditors of Company other than Buyer and
Guarantor; (xi) consent to the merger, change or any other restructuring or termination of the corporate existence of Company
or any other Person, and correspondingly restructure the Liabilities, and any such merger, change, restructuring or termination
shall not affect the liability of Guarantor or the continuing effectiveness hereof, or the enforceability hereof with respect
to all or any part of the Liabilities; (xii) apply any sums it receives, by whomever paid or however realized, to any of the Liabilities
and/or (xiii) take any other action which might constitute a defense available to, or a discharge of, Company or any other Person
(including Guarantor) in respect of the Liabilities.

 

 

 

 

    	 	3	 

     

    

 

4.2.     The
invalidity, irregularity or unenforceability of all or any part of the Liabilities or any Transaction Document, or the impairment
or loss of any security therefor, whether caused by any action or inaction of Buyer, or otherwise, shall not affect, impair or
be a defense to Guarantor’s obligations under this Guaranty.

 

4.3.     Upon
the occurrence and during the continuance of any Event of Default, Buyer may enforce this Guaranty independently of any other
remedy, guaranty or security Buyer at any time may have or hold in connection with the Liabilities, and it shall not be necessary
for Buyer to marshal assets in favor of Company, any other guarantor of the Liabilities or any other Person or to proceed upon
or against and/or exhaust any security or remedy before proceeding to enforce this Guaranty. Guarantor expressly waives any right
to require Buyer to marshal assets in favor of Company or any other Person, or to proceed against Company or any other guarantor
of the Liabilities or any collateral provided by any Person, and agrees that Buyer may proceed against any obligor (including
Guarantor) and/or the collateral in such order as Buyer shall determine in its sole and absolute discretion. Buyer may file a
separate action or actions against Guarantor, whether action is brought or prosecuted with respect to any security or against
any other Person, or whether any other Person is joined in any such action or actions. Guarantor agrees that Buyer and Company
may deal with each other in connection with the Liabilities or otherwise, or alter any contracts or agreements now or hereafter
existing between them, in any manner whatsoever, all without in any way altering or affecting the security of this Guaranty.

 

4.4.     Guarantor
expressly waives, to the fullest extent permitted by applicable law, any and all defenses which Guarantor shall or may have as
of the date hereof arising or asserted by reason of: (i) any disability or other defense of Company, or any other guarantor for
the Liabilities, with respect to the Liabilities; (ii) the unenforceability or invalidity of any security for or guaranty of the
Liabilities or the lack of perfection or continuing perfection or failure of priority of any security for the Liabilities; (iii)
the cessation for any cause whatsoever of the liability of Company, or any other guarantor of the Liabilities (other than by reason
of the full payment and performance of all Liabilities (other than contingent indemnification obligations)); (iv) any failure
of Buyer to marshal assets in favor of Company or any other Person; (v) any failure of Buyer to give notice of sale or other disposition
of collateral to Company or any other Person or any defect in any notice that may be given in connection with any sale or disposition
of collateral; (vi) any failure of Buyer to comply with applicable laws in connection with the sale or other disposition of any
collateral or other security for any Liabilities, including, without limitation, any failure of Buyer to conduct a commercially
reasonable sale or other disposition of any collateral or other security for any Liabilities; (vii) any act or omission of Buyer
or others that directly or indirectly results in or aids the discharge or release of Company or any other guarantor of the Liabilities,
or of any security or guaranty therefor by operation of law or otherwise; (viii) any law which provides that the obligation of
a surety or guarantor must neither be larger in amount or in other respects more burdensome than that of the principal or which
reduces a surety’s or guarantor’s obligation in proportion to the principal obligation; (ix) any failure of Buyer
to file or enforce a claim in any bankruptcy or other proceeding with respect to any Person; (x) the election by Buyer, in any
bankruptcy proceeding of any Person, of the application or non-application of Section 1111(b)(2) of the United States Bankruptcy
Code; (xi) any extension of credit or the grant of any lien under Section 364 of the United States Bankruptcy Code; (xii) any
use of collateral under Section 363 of the United States Bankruptcy Code; (xiii) any agreement or stipulation with respect to
the provision of adequate protection in any bankruptcy proceeding of any Person; (xiv) the avoidance of any lien or security interest
in favor of Buyer for any reason; (xv) any bankruptcy, insolvency, reorganization, arrangement, readjustment of debt, liquidation
or dissolution proceeding commenced by or against any Person, including without limitation any discharge of, or bar or stay against
collecting, all or any of the Liabilities (or any interest thereon) in or as a result of any such proceeding; or (xvi) any action
taken by Buyer that is authorized by this Section or any other provision of any Transaction Document. Guarantor expressly waives
all setoffs and counterclaims and all presentments, demands for payment or performance, notices of nonpayment or nonperformance,
protests, notices of protest, notices of dishonor and all other notices or demands of any kind or nature whatsoever with respect
to the Liabilities, and all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or additional
Liabilities.

 

 

 

 

    	 	4	 

     

    

 

4.5.    This is a continuing guaranty and shall remain in full force and effect as to all of the Liabilities until such date as
all amounts owing by Company to Buyer shall have been paid in full in cash and all obligations of Company with respect to any
of the Liabilities shall have terminated or expired (other than contingent indemnification obligations) (such date is referred
to herein as the “Termination Date”).

 

 

5.
     LIMITATION ON SUBROGATION

 

Until the Termination Date, Guarantor waives any present or future right to which Guarantor is or
may become entitled to be subrogated to Buyer’s rights against Company or to seek contribution, reimbursement, indemnification,
payment or the like, or participation in any claim, right or remedy of Buyer against Company or any security which Buyer now has
or hereafter acquires, whether or not such claim, right or remedy arises under contract, in equity, by statute, under common law
or otherwise. If, notwithstanding such waiver, any funds or property shall be paid or transferred to Guarantor on account of such
subrogation, contribution, reimbursement, or indemnification at any time when all of the Liabilities have not been paid in full,
Guarantor shall hold such funds or property in trust for Buyer and shall forthwith pay over to Buyer such funds and/or property
to be applied by Buyer to the Liabilities.

 

 6.      COVENANTS

 

6.1.      Financial
Statements; Compliance Certificate. No later than ten (10) days after written request therefore from Buyer, Guarantor shall
deliver to Buyer: (a) financial statements disclosing all of Guarantor’s assets, liabilities, net worth, income and contingent
liabilities, all in reasonable detail and in form acceptable to Buyer, signed by Guarantor, and certified by Guarantor to Buyer
to be true, correct and complete in all material respects; (b) complete copies of federal tax returns, including all schedules,
each of which shall be signed and certified by Guarantor to be true and complete copies of such returns; and (c) such other information
respecting the Guarantor as Buyer may from time to time reasonably request.

 

6.2.     Subordination
of Other Debts. Guarantor hereby: (a) subordinates the obligations now or hereafter owed by Company to Guarantor (“Subordinated
Debt”) to any and all obligations of Company to Buyer now or hereafter existing while this Guaranty is in effect, and
hereby agrees that Guarantor will not request or accept payment of or any security for any part of the Subordinated Debt, and
any proceeds of the Subordinated Debt paid to Guarantor, through error or otherwise, shall immediately be forwarded to Buyer by
Guarantor, properly endorsed to the order of Buyer, to apply to the Liabilities.

 

6.3.     Security for Guaranty. All of Guarantor’s obligations and liability evidenced by this Guaranty is also secured
by all of the Collateral of the Guarantor pursuant to that certain Security Agreement by and between the Guarantor and Buyer made
of even date herewith (the “Security Agreement”). All of the agreements, conditions, covenants, provisions,
representations, warranties and stipulations contained in the Security Agreement or any other Transaction Documents to which Guarantor
is a party which are to be kept and performed by the Guarantor are hereby made a part of this Guaranty to the same extent and
with the same force and effect as if they were fully set forth herein, and the Guarantor covenants and agrees to keep and perform
them, or cause them to be kept or performed, strictly in accordance with their terms.

 

 

 

    	 	5	 

     

    

 

 7.      EVENTS OF DEFAULT

 

Each of the Events of Default
in the Purchase Agreement shall constitute an Event of Default hereunder.

 

 8.      REMEDIES.

 

8.1.     Upon
an Event of Default, as provided in the Purchase Agreement, all liabilities and obligations of Guarantor hereunder shall become
immediately due and payable without demand or notice and, in addition to any other remedies provided by law or in equity, Buyer
may:

 

8.1.1.       
Enforce the obligations of Guarantor under this Guaranty.

 

8.1.2.       
To the extent not prohibited by and in addition to any other remedy provided by law or equity, setoff against any of the
Liabilities any sum owed by Buyer in any capacity to Guarantor whether due or not.

 

8.1.3.        Perform
any covenant or agreement of Guarantor in default hereunder (but without obligation to do so) and in that regard pay such
money as may be required or as Buyer may reasonably deem expedient. Any costs, expenses or fees, including
reasonable attorneys’ fees and costs, incurred by Buyer in connection with the foregoing shall be included in the
Liabilities guaranteed hereby, and shall be due and payable on demand, together with interest at the highest non-usurious
rate permitted by applicable law, such interest to be calculated from the date of such advance to the date of repayment
thereof. Any such action by Buyer shall not be deemed to be a waiver or release of Guarantor hereunder and shall be without
prejudice to any other right or remedy of Buyer.

 

8.2.     Settlement of any claim by Buyer against Company, whether in any Proceeding or not, and whether voluntary or involuntary,
shall not reduce the amount due under the terms of this Guaranty, except to the extent of the amount actually paid by Company or
any other obligated Person and legally retained by Buyer in connection with the settlement (unless otherwise provided for herein).

 

 9.      MISCELLANEOUS.

 

9.1.      Disclosure of Financial Information. Buyer is hereby authorized to disclose any financial or other information about
Guarantor to any governmental authority having jurisdiction over Buyer or to any present, future or prospective participant or
successor in interest in the Debentures. The information provided may include, without limitation, amounts, terms, balances, payment
history, return item history and any financial or other information about Guarantor.

 

 

 

 

    	 	6	 

     

    

 

9.2.      Remedies
Cumulative. The rights and remedies of Buyer, as provided herein and in any other Transaction Document, shall be cumulative
and concurrent, may be pursued separately, successively or together, may be exercised as often as occasion therefor shall arise,
and shall be in addition to any other rights or remedies conferred upon Buyer at law or in equity. The failure, at any one or
more times, of Buyer to exercise any such right or remedy shall in no event be construed as a waiver or release thereof. Buyer
shall have the right to take any action it deems appropriate without the necessity of resorting to any collateral securing this
Guaranty.

 

9.3.     Integration.
This Guaranty and the other Transaction Documents constitute the sole agreement of the parties with respect to the transactions
contemplated hereby and thereby and supersede all oral negotiations and prior writings with respect thereto.

 

9.4.      Attorneys’
Fees and Expenses. If Buyer retains the services of counsel by reason of a claim of an Event of Default hereunder or under
any of the other Transaction Documents, or on account of any matter involving this Guaranty, or for examination of matters subject
to Buyer’s approval under the Transaction Documents, all costs of suit and all reasonable attorneys’ fees and such
other reasonable expenses so incurred by Buyer shall forthwith, on demand, become due and payable and shall be secured hereby.

 

9.5.     No
Implied Waiver. Buyer shall not be deemed to have modified or waived any of its rights or remedies hereunder unless such modification
or waiver is in writing and signed by Buyer, and then only to the extent specifically set forth therein. A waiver in one event
shall not be construed as continuing or as a waiver of or bar to such right or remedy on a subsequent event.

 

9.6.     Waiver.
Except as otherwise provided herein or in any of the Transaction Documents, Guarantor waives notice of acceptance of this
Guaranty and notice of the Liabilities and waives notice of default, non-payment, partial payment, presentment, demand,
protest, notice of protest or dishonor, and all other notices to which Guarantor might otherwise be entitled or which might
be required by law to be given by Buyer. Guarantor waives the right to any stay of execution and the benefit of all exemption
laws, to the extent permitted by law, and any other protection granted by law to guarantors, now or hereafter in effect with
respect to any action or proceeding brought by Buyer against it. Guarantor irrevocably waives all claims of waiver, release,
surrender, alteration or compromise and the right to assert against Buyer any defenses, set-offs, counterclaims, or claims
that Guarantor may have at any time against Company or any other party liable to Buyer.

 

 

 

 

 

    	 	7	 

     

    

 

9.7.     No Third Party Beneficiary. Except as otherwise provided herein, Guarantor and Buyer do not intend the benefits of
this Guaranty to inure to any third party and no third party (including Company) shall have any status, right or entitlement under
this Guaranty.

 

9.8.     Partial Invalidity. The invalidity or unenforceability of any one or more provisions of this Guaranty shall not render
any other provision invalid or unenforceable. In lieu of any invalid or unenforceable provision, there shall be added automatically
a valid and enforceable provision as similar in terms to such invalid or unenforceable provision as may be possible.

 

9.9.      Binding Effect. The covenants, conditions, waivers, releases and agreements contained in this Guaranty shall bind,
and the benefits thereof shall inure to, the parties hereto and their respective heirs, executors, administrators, successors and
permitted assigns; provided, however, that this Guaranty cannot be assigned by Guarantor without the prior written consent of Buyer,
and any such assignment or attempted assignment by Guarantor shall be void and of no effect with respect to the Buyer.

 

9.10.    Modifications. This Guaranty may not be supplemented, extended, modified or terminated except by an agreement in
writing signed by the party against whom enforcement of any waiver, change, modification or discharge is sought.

 

9.11.     Sales or Participations. Buyer may from time to time sell or assign the Debentures, in whole or in part, or grant
participations in the Debentures and/or the obligations evidenced thereby without the consent of Company or Guarantor (other than
as provided in the Purchase Agreement), provided, however, Buyer shall provide written notice to Company and Guarantor of any such
assignment or grant of participations. The holder of any such sale, assignment or participation, if the applicable agreement between
Buyer and such holder so provides, shall be: (a) entitled to all of the rights, obligations and benefits of Buyer (to the extent
of such holder’s interest or participation); and (b) deemed to hold and may exercise the rights of setoff or banker’s
lien with respect to any and all obligations of such holder to Guarantor (to the extent of such holder’s interest or participation),
in each case as fully as though Guarantor was directly indebted to such holder. Buyer may in its discretion give notice to Guarantor
of such sale, assignment or participation; however, the failure to give such notice shall not affect any of Buyer’s or such
holder’s rights hereunder.

 

9.12.     MANDATORY
FORUM SELECTION. ANY DISPUTE ARISING UNDER, RELATING TO, OR IN CONNECTION WITH THE AGREEMENT OR RELATED TO ANY MATTER
WHICH IS THE SUBJECT OF OR INCIDENTAL TO THE AGREEMENT (WHETHER OR NOT SUCH CLAIM IS BASED UPON BREACH OF CONTRACT OR TORT)
SHALL BE SUBJECT TO THE EXCLUSIVE JURISDICTION AND VENUE OF THE STATE AND/OR FEDERAL COURTS LOCATED IN BROWARD COUNTY,
FLORIDA. THIS PROVISION IS INTENDED TO BE A “MANDATORY” FORUM SELECTION CLAUSE AND GOVERNED BY AND INTERPRETED
CONSISTENT WITH FLORIDA LAW.

 

 

 

    	 	8	 

     

    

 

9.13.       Notices.
Any notices, consents, waivers, or other communications required or permitted to be given under the terms of this Guaranty
must be in writing and in each case properly addressed to the party to receive the same in accordance with the information
below, and will be deemed to have been delivered: (i) if mailed by certified mail, return receipt requested, postage prepaid
and properly addressed to the address below, then three (3) business days after deposit of same in a regularly
maintained U.S. Mail receptacle; or (ii) if mailed by Federal Express, UPS or other nationally recognized overnight courier
service, next business morning delivery, then one (1) business day after deposit of same in a regularly maintained receptacle
of such overnight courier; or (iii) if hand delivered, then upon hand delivery thereof to the address indicated on or prior
to 5:00 p.m., EST, on a Business Day. Any notice hand delivered after 5:00 p.m., EST, shall be deemed delivered on the
following Business Day. Notwithstanding the foregoing, notice, consents, waivers or other communications referred to in this
Guaranty may be sent by facsimile, e-mail, or other method of delivery, but shall be deemed to have been delivered only when
the sending party has confirmed (by reply e-mail or some other form of written confirmation) that the notice has been
received by the other party. The addresses and facsimile numbers for such communications shall be as set forth below, unless
such address or information is changed by a notice conforming to the requirements hereof. No notice to or demand on the
Guarantor in any case shall entitle the Guarantor to any other or further notice or demand in similar or other
circumstances:

 

	 	If to the Guarantor:	 	400 South Australian
Ave., 8th Floor
	 	 	 	West Palm Beach, FL 33401
	 	 	 	Attention: Seamus Lagan
	 	 	 	E-Mail: slagan@rennovahealth.com
	 	 	 	 
	 	With a copy to:	 	Shutts & Bowen LLP
	 	(which shall not constitute
notice)	 	200 South Biscayne Boulevard
	 	 	 	Suite 200
	 	 	 	Miami, FL 33131
	 	 	 	Attention: J.
Thomas Cookson
	 	 	 	E-Mail:
tcookson@shutts.com
	 	 	 	 
	 	If to the Buyer:	 	TCA
Global Credit Master Fund, LP
	 	 	 	3960 Howard Hughes
Parkway, Suite 500
	 	 	 	Las Vegas, NV 89196
	 	 	 	Attn: Mr. Robert Press
	 	 	 	E-Mail: bpress@tcaglobalfund.com
	 	 	 	 
	 	With a copy to:	 	Lucosky Brookman LLP
	 	(which shall not constitute notice)	 	101 Wood
Avenue South, 5th Floor
	 	 	 	Woodbridge, NJ 08830
	 	 	 	Attn: Seth A. Brookman, Esq.
	 	 	 	E-Mail: sbrookman@lucbro.com

 

 

 

 

 

    	 	9	 

     

    

 

 

9.14.    Governing Law. Except in the case of the Mandatory Forum Selection clause set forth in Section 9.12 hereof,
this Guaranty shall be governed by and construed in accordance with the substantive laws of the State of Nevada without reference
to conflict of laws principles.

 

9.15.     Joint and Several Liability. The word “Guarantor” or “Guarantors” shall mean all of the undersigned
persons, if more than one, and their liability shall be joint and several. The liability of Guarantor shall also be joint and several
with the liability of any other guarantor under any other guaranty.

 

9.16.     Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Buyer is compelled
or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without
limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff,
or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be,
and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Buyer with respect to the full amount so surrendered.
The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment
of the Liabilities, the cancellation, conversion or redemption of the Debentures, this Guaranty or any other Transaction Document,
the release of any security interest, lien or encumbrance securing the Liabilities or any other action which Buyer may have taken
in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned
upon any payment of the Liabilities having become final and irrevocable.

 

9.17.     WAIVER OF JURY TRIAL. GUARANTOR AGREES THAT, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY SUIT, ACTION OR PROCEEDING,
WHETHER CLAIM OR COUNTERCLAIM, BROUGHT BY LENDER OR GUARANTOR ON OR WITH RESPECT TO THIS GUARANTY OR ANY OTHER LOAN DOCUMENT OR
THE DEALINGS OF THE PARTIES WITH RESPECT HERETO OR THERETO, SHALL BE TRIED ONLY BY A COURT AND NOT BY A JURY. LENDER AND GUARANTOR
HEREBY KNOWINGLY, VOLUNTARILY, INTENTIONALLY AND INTELLIGENTLY, AND WITH THE ADVICE OF THEIR RESPECTIVE COUNSEL, WAIVE, TO THE
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT TO A TRIAL BY JURY IN ANY SUCH SUIT, ACTION OR PROCEEDING. FURTHER, LENDER AND GUARANTOR
WAIVE ANY RIGHT THEY MAY HAVE TO CLAIM OR RECOVER, IN ANY SUCH SUIT, ACTION OR PROCEEDING, ANY SPECIAL, EXEMPLARY, PUNITIVE, CONSEQUENTIAL
OR OTHER DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES. GUARANTOR ACKNOWLEDGES AND AGREES THAT THIS SECTION IS A SPECIFIC
AND MATERIAL ASPECT OF THIS GUARANTY AND THAT LENDER WOULD NOT PURCHASE THE DEBENTURES IF THE WAIVERS SET FORTH IN THIS SECTION
WERE NOT A PART OF THIS GUARANTY.

 

[ signature page follows
]

 

 

 

 

 

 

 

 

    	 	10	 

     

    

 

IN WITNESS WHEREOF, Guarantor, intending to be legally
bound, has duly executed and delivered this Guaranty Agreement as of the day and year first above written.

 

RENNOVA HEALTH, INC.

 

 

By:
/s/ Seamus Lagan                               

Name: Seamus Lagan

Title: Chief
Executive Officer

 

 

 

	STATE OF FLORIDA	)	 
	 	)	SS.
	COUNTY OF PALM BEACH	)	 

 

The undersigned,
a Notary Public in and for the said County, in the State aforesaid, DO HEREBY CERTIFY that Seamus Lagan, the Chief Executive Officer
of Rennova Health, Inc, a Delaware corporation, who is personally known to me to be the same person whose name is subscribed to
the foregoing instrument, appeared before me this day in person and acknowledged that he/she signed and delivered the said instrument
as his/her own free and voluntary act and as the free and voluntary act of said corporation, for the uses and purposes therein
set forth.

 

GIVEN under my hand and notarial seal this
20th day of March, 2017.

 

 

                       /s/
Kelly Marsden                            

Notary Public

 

 

My
Commission Expires:

 

                       February
26, 2021                       

 

 

 

 

    	 	11

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