Document:

CONSULTING
AGREEMENT

 

This
Consulting Agreement (“Agreement”) is made this 1st day of June 2018 by and between ACORN ENERGY, INC., a corporation
organized under the laws of Delaware (the “Company”) and TRACY CLIFFORD CONSULTING, LLC, a limited liability company
organized under the laws of South Carolina (“Consultant”). The Company and Consultant may be referred to herein collectively
as the “Parties” or individually as the “Party”.

 

WHEREAS,
Tracy Clifford (“Clifford”) is the owner of Consultant and has specialized skills, experience and knowledge to assist
Company with its financial reporting and related obligations;

 

WHEREAS,
the Company desires to retain Consultant as an independent contractor to provide to Company Clifford’s services as part-time
Chief Financial Officer (“CFO”) and Consultant desires to provide such services to the Company; and

 

WHEREAS,
the Company and the Consultant wish to enter into an agreement with respect to the provision of such services upon the terms provided
herein;

 

NOW,
THEREFORE, for and in consideration of the mutual agreements contained herein and other good and valuable consideration, the Parties,
intending to be legally bound, agree as follows:

 

1.
Nature and Term of Consultant Position.

 

(a)
Company desires to make use of Clifford’s expertise to provide certain financial-related consulting services as would be
expected of a part-time CFO for the Company as reasonably may be requested of Consultant by the Chief Executive Officer or designated
officer of the Company (“Consulting Services”).

 

(b)
Company will use the services of Consultant, and Consultant will provide such services from June 1, 2018 (the “Effective
Date”) through June 1, 2019 (the “Consulting Term”). This Agreement shall automatically renew upon the expiration
of each Consulting Term unless otherwise terminated as provided hereinbelow.

 

(c)
This Agreement will terminate immediately upon the death or disability of Clifford. For any reason or no reason at all, either
Party may terminate this Agreement upon thirty (30) days written notice to the other Party.

 

(d)
Clifford will be an independent contractor and not an Employee of Company and will determine how to accomplish tasks as may be
assigned by the Company. Each party is responsible for all its own tax matters related to this Agreement.. Consultant solely shall
be responsible for determining and paying any and all taxes, withholdings, levies and assessments on any compensation payable
hereunder. Company shall not be responsible for payment of workers’ compensation, disability benefits, unemployment, medical
or life insurance or income tax withholding or other taxes for Consultant. Clifford acknowledges that she will not have the right
to be included in any employee benefit plans that may be provided to employees of Company.

 

    	 

     

    

 

(e)
Clifford shall perform reasonable, usual and customary duties of a CFO and shall act as principal accounting officer and principal
financial officer of the Company as defined in applicable regulations of the Securities and Exchange Commission. Consultant warrants
that Clifford has no outstanding agreement or obligation that conflicts with any of the provisions of this Agreement, or that
would preclude or in any way compromise Consultant or Clifford or breach any duty of confidentiality owed by Consultant or Clifford
to others, arising from compliance with the provisions hereof. The Parties acknowledge that Consultant and Clifford provide and
will continue to provide related consulting services to other clients.

 

(f)
During the Consulting Term, Consultant will make Clifford available up to five hundred twenty (520) hours during any one-year
Consulting Term (“Contracted Hours”), upon reasonable notice and direction from an officer of Company, to perform
its consulting services. If prior commitments preclude Clifford from reporting for any consulting assignment when requested, the
parties will determine a revised schedule that reasonably accommodates both commitments; except that in the event of an emergency,
Clifford will be available at least telephonically. For any travel to offices of the Company’s OmniMetrix LLC subsidiary
in Atlanta, Georgia, Consultant shall bill hourly for travel time at the rate of $75.00 per hour for every other trip. Travel
time to any location other than Atlanta, Georgia, shall be billed at the rate of $75.00 per hour for every trip. All out-of-pocket
travel expenses shall be handled as provided in Section 2(a). 

 

(g)
During the Consulting Term, Clifford may be located anywhere in the United States of America provided that Clifford remains available
to Company by means of telephone and emails.

 

2.
Compensation and Payment.

 

(a)
Consultant will be compensated at the rate of $8,500.00 per month for the Contracted Hours. For any hours in excess of the Contracted
Hours during any one-year Consulting Term, Company shall additionally compensate Consultant at the rate of $200.00 per hour for
hours in excess of the Contracted Hours (“Additional Compensation”). By way of example, if at the end of the 9th
month of any one-year Consulting Term, Consultant has worked 520 hours, then Company shall pay Consultant Additional Compensation
until the end of that one-year Consulting Term, whereupon the contracted hours will reset to zero for such calculation of the
subsequent Consulting Term. Company shall reimburse Consultant for reasonable and necessary expenses, related to all travel or
otherwise, which shall include but is not limited to airline, hotel, transportation, and meals. The Company shall pay Consultant
monthly by no later than the 1st of each month, which shall be paid in advance of the month worked. 

 

(b)
If Company engages Consultant for less than the obligated hours as specified in Section 1(f) above, Company nonetheless must pay
to Consultant the monthly rate pursuant to 2(a) above and the unused hours are “banked” and shall be provided at no
additional charge during the Consulting Term.

 

(c)
As additional compensation for the services provided hereunder, Company shall grant Consultant 30,000 stock options on June 1,
2018 at the then-current stock price, which shall fully vest twelve months from the grant of the options and shall expire upon
the earlier of (a) seven years from grant or (b) 18 months from the date Consultant ceases to be a consultant to the Company.
At the beginning of each additional Consulting Term, Company shall grant Consultant an additional 30,000 stock options, which
shall have the same terms as the options described above.

 

    	 

     

    

 

(d)
Company shall have Directors and Officers insurance and errors and omissions liability insurance in the amount of $3.0 million
dollars ($3,000,000), naming Consultant as additional insured as chief financial officer or alternatively shall provide a letter
from the carrier confirming that Clifford is a person covered under the policy on the same basis as the other executive officers
of the Company. Company shall provide a copy of the policy declaration page, or the equivalent, to the Consultant upon the activation
of the policy and thereafter annually as evidence of current compliance with its insurance obligation under this Agreement. Company
shall pay the premium on all such liability insurance.

 

3.
Liabilities, Indemnification and Warranties

 

(a)
It is understood and agreed that Consultant’s services will include advice and recommendations to Company management, but
all decisions in connection with the application and use of such advice shall be the sole and exclusive responsibility and decision
of Company. Company shall be responsible for the accuracy, integrity and completeness of all data and information provided to
Consultant for purposes of performance of the services. Consultant shall not be under any obligation to search for errors or flaws
in Company’s data.

 

(b)
Company shall fully indemnify, defend and hold harmless Consultant, its members, officers, consultant, employees, agents, and
successors from and against any and all losses, claims, liability, damages, demands, suits, actions, costs, expenses (including,
without limitation, settlement costs, attorney’s fees and court costs) directly or indirectly related to or in connection
with this Agreement, Consultant’s performance or failure to perform under this Agreement other than as may arise from Clifford’s
gross negligence or willful misconduct.

 

4.
Confidentiality

 

(a)
Consultant shall not disclose any information of Company relating to (i) the customers, clients, employees and accounts; (ii)
business methods, systems, plans, policies, and personnel; or (iii) the technical data, trade secrets, or know-how, including,
but not limited to, research, product plans, products, services, markets, software, developments, inventions, processes, formulas,
technology, designs, drawings, engineering, hardware, configuration information, marketing, taxes, finances or other business
information, either directly or indirectly, whether in writing, orally or by drawings or inspection of parts or equipment. All
such information is considered confidential, whether or not marked as such, and is the sole and exclusive property of the Company.
This provision will survive the termination of this Agreement for a period of three (3) years unless disclosures is required pursuant
to court order.

 

(b)
Consultant acknowledges that the services to be rendered by the Consultant are of a special, unique and extraordinary character,
and in connection with such services, Consultant will have access to confidential information vital to Company’s business.
By reason of this, Consultant agrees that if Consultant violates any of the provisions of this Agreement with respect to confidentiality,
Company would sustain irreparable harm, and therefore, in addition to any other remedies that Company may have as provided by
law, Company will be entitled, without proof or bond, to equitable relief, including specific performance and an injunction restraining
Consultant from committing or continuing any such violation of this Agreement.

 

    	 

     

    

 

(c)
Except to the extent necessary to perform the Consulting Services to be performed by Consultant under this Agreement, Consultant
will not copy, reproduce, use, distribute, disclose or otherwise disseminate the Confidential Information, or any physical embodiment
thereof, and will in no event take any action causing, or fail to take any action necessary in order to prevent, any Confidential
Information disclosed to or developed by Consultant to lose its character as or cease to be Confidential Information.

 

5.
Notices. 

 

(a)
At any time upon written request of Company, and in the event upon termination of this Agreement for any reason, Consultant will
promptly deliver to Company or destroy upon direction of the Company all property belonging to Company, including without limitation
all Confidential Information and all embodiments thereof then in its use, custody, control or possession. Compliance with this
Section shall not operate to limit Company’s rights to enforcement of this or any other covenant, including enforcement
by injunctive relief.

 

(b)
Any notice, request, demand or other communication required or permitted to be given under this Agreement will be sufficient if
in writing, and if delivered personally, or sent by Priority, Certified or Registered mail to the Party’s last known address.

 

6.
Assignment.

 

This
Agreement will inure to the benefit of, and be binding upon Company and its successors and assigns. This Agreement will be binding
on Consultant, Consultant’s heirs, executors or administrators, and legal representatives. However, this Agreement will
not be assignable by Consultant nor the Company.

 

7.
 Severability

 

The
provisions of this Agreement are deemed by the Parties to be severable, and the invalidity or unenforceability of any one or more
of the provisions of this Agreement shall not affect the validity or enforceability of any other provision.

 

8.
 Applicable Law

 

This
Agreement shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect
to choice of law rules.

 

    	 

     

    

 

9.
Acknowledgements. 

 

The
Parties acknowledge and agree that: (a) each has read and understands the terms and conditions stated in this Agreement; (b) each
has had the opportunity to consult with independent counsel and that each has, in fact, availed itself of such right; (c) each
is bound by the terms and conditions of this Agreement; (d) this Agreement is made, entered into and is effective as of the Effective
Date; (e) that each Person signing on behalf of each Party has the requisite right, power and authority to execute this Agreement
on behalf of said Party; and (f) each Party contributed to the drafting of this Agreement and as such, any ambiguity should not
be construed in favor of or against one Party or the other.

 

10.
Counterparts.

 

This
Agreement and any amendment or supplement hereto may be executed in any number of counterparts, each of which shall be deemed
an original, and all of which taken together shall constitute one and the same instrument. This Agreement shall become binding
when any number of counterparts, individually or taken together, shall bear the signatures of both Parties. This Agreement may
be executed and delivered by facsimile or any other electronic means, including “.pdf” or “.tiff” files,
and any facsimile or other scanned copy of a signed copy of this Agreement shall constitute an original for all purposes.

 

11.
Limitation on Liability.

 

NOTWITHSTANDING
ANYTHING TO THE CONTRARY CONTAINED HEREIN, NEITHER PARTY TO THIS AGREEMENT SHALL BE LIABLE TO OR OTHERWISE RESPONSIBLE TO THE
OTHER PARTY OR ANY AFFILIATE OF THE OTHER PARTY FOR LOST REVENUES OR PROFITS, OR INCIDENTAL, CONSEQUENTIAL, PUNITIVE, EXEMPLARY
OR MULTIPLIED DAMAGES THAT ARISE OUT OF OR RELATE TO THIS AGREEMENT OR THE PERFORMANCE OR BREACH HEREOF OR THEREOF, EXCEPT (A)
IN CONNECTION WITH THE INDEMNIFICATIONS OBLIGATIONS HEREIN OR (B) TO THE EXTENT THAT SUCH DAMAGES WERE ACTUALLY PAID TO A THIRD
PARTY PURSUANT TO A THIRD PARTY CLAIM.

 

12.
Entire Agreement.

 

This
is the entire Agreement of the Parties, and there are no other outstanding Agreements, provisions, or Schedules on the subject
matters not set forth herein. This Agreement may not be amended except by a writing signed by all Parties. 

 

13.
Representation.

 

Both
Parties have had the opportunity to seek legal counsel regarding any and all aspects of this Agreement.

 

    	 

     

    

 

IN
WITNESS WHEREOF, the Parties have set their hands and seals as of the day and year first above written.

 

	ACORN
    ENERGY, INC.	 
	 	 	 
	By:	 	 
		________________________________________,
CEO	 

 

	TRACY
    CLIFFORD CONSULTING, LLC	 
	 	 	 
	By:	 	 
	 	Tracy
    Clifford, MemberExhibit
10.33

 

PLEDGE
AND SECURITY AGREEMENT

 

THIS
PLEDGE AND SECURITY AGREEMENT (the “Agreement”) is made and entered as of the 1st day of February,
2018 (the “Effective Date”) by RSF5, LLC, a Delaware
limited liability company (“Grantor”) and Helix TCS, Inc. (“Helix”), for the benefit of
BTC Investment LLC (f/k/a Greenfield Capital, LLC), a Delaware limited liability company (“Secured Party”).

 

W
I T N E S S E T H:

 

WHEREAS,
Secured Party has agreed to loan Grantor One Million Seven Hundred Fifty Thousand and No/100 Dollars ($1,750,000.00) pursuant
to that certain Secured Promissory Note dated of even date herewith (together with any extensions, modifications, replacements
or renewals thereof, in whole or in part, the “Note”; capitalized terms used herein and not otherwise defined
herein shall have the meanings ascribed to such terms in the Note); and

 

WHEREAS,
as a condition to Secured Party providing financing to Grantor, Secured Party is requiring that Grantor pledge certain assets
to Secured Party as security for the obligations under the Note; and

 

WHEREAS,
Grantor acknowledges that it will benefit from the financing provided by Secured Party pursuant to the Note and desires to induce
Secured Party to make such financing available to Grantor by executing this Agreement.

 

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

 

A. PLEDGE
OF COLLATERAL

 

1. Pledge.
Grantor hereby grants Secured Party a security interest in the following (collectively, the “Collateral”):
Fifty Thousand shares of the Series A Preferred Stock (the “Preferred Shares”) of Bio-Tech Medical Software,
Inc., a Florida corporation (the “Company”), which represents 7.55% of the total issued and outstanding Series
A Preferred Stock of the Company, on a fully diluted basis, and if the Preferred Shares shall be converted into any other class
of stock at the Company or into any other capital stock of any other Person, a number of shares equal to the value of all amounts
due and owing to Secured Party under the Note and this Pledge Agreement, and any and all certificates representing the same (collectively,
the “Pledged Interests”), and any and all proceeds and products of the foregoing. Grantor from time to time
shall execute all such documents (including without limitation, assigning and delivering to Secured Party stock certificates representing
the Collateral, along with stock powers duly executed in blank with respect to the Collateral, and take all such other actions
as Secured Party may reasonably request from time to time to perfect, confirm and/or evidence the security interest granted hereby
as a perfected security interest. Grantor authorizes Secured Party to file such financing statements, amendments, and continuation
statements covering the Collateral and containing such collateral descriptions as Secured Party shall deem necessary to perfect
or to maintain the perfection of Secured Party’s security interest. Grantor agrees to pay all taxes, fees and costs (including
reasonable attorneys’ fees) paid or incurred by Secured Party in connection with the preparation, filing or recordation
thereof.

  

     

     

    

 

2. Voting;
Distributions.

 

a. Voting.
So long as no Event of Default under the Note shall have occurred and be continuing, Grantor shall have the sole right to
exercise any voting and consensual rights with respect to any Collateral on all matters, and to grant any consents and exercise
all other rights as owner or holder of said Collateral. Upon the occurrence and during the continuance of an Event of Default,
Secured Party shall be entitled, in addition to any other rights herein contained, to exercise, in Secured Party’s judgment,
any voting and consensual rights with respect to any Collateral on all matters and to grant any consents and exercise all other
rights as owner or holder of said Collateral.

 

Notwithstanding
the foregoing and so long as no Event of Default under the Note has occurred and is continuing, other than in connection with
(A) a Deemed Merger Event that does not result in an Event of Default or (B) an equity financing that values the Company at $40,000,000
or more on a post-money basis, Grantor shall not, for so long as any indebtedness under the Note is due and owing to Secured Party
by Grantor, without the prior written consent of the Secured Party: (i) convert the Pledged Interests into common stock of the
Company or otherwise cause, or permit the Company to take any action that would convert the Pledged Interests into common stock
of the Company; or (ii) cause or permit the Company to, (A) issue, sell or otherwise permit to become outstanding, or authorize
the creation of, any additional capital stock or other equity interests in the Company that would dilute the Pledged Interests
other than granting options to employees to purchase shares of the Company’s common stock pursuant to equity compensation
plans in the ordinary course of business or (B) amend, modify or otherwise alter the Articles of Incorporation of the Company
in a manner that would adversely affect the Pledged Interests.

 

Upon
the occurrence and continuance of an Event of Default under the Note and at Secured Party’s written request, Grantor shall
execute and deliver to Secured Party irrevocable proxies with respect to the Collateral in form satisfactory to Secured Party,
but no such additional proxy shall be necessary for Secured Party to exercise the voting rights described above. Noteholder shall
have no duty to exercise any of the foregoing rights, privileges or options and shall not be responsible for any failure to do
so or delay in so doing.

 

b.
 Distributions. So long as no Event of Default under the Note shall have occurred
and be continuing, Grantor shall have the sole right to receive all interest, dividends or distributions arising from the Collateral.
Upon the occurrence and during the continuance of an Event of Default and upon notice thereof to the Grantor, (i) Grantor’s
right to receive such interest, dividends and distributions shall immediately and automatically terminate, with no further notice
to Grantor, unless and until reinstated in writing by Secured Party, and (ii) Secured Party shall have the right, in addition
to any other rights herein contained, to receive all interest, dividends and distributions and apply such amounts to the Grantor’s
obligations under the Note in the manner determined by Secured Party and in accordance with this Agreement. Any portions of the
Collateral received by Grantor in violation of this Agreement shall remain subject to Secured Party’s security interest
and lien hereunder, shall be immediately delivered to Secured Party in the same form as received except for any necessary endorsements,
and pending such delivery shall be held in trust for Secured Party by Grantor and kept separate from Grantor’s other assets.

 

3. Representations.
Grantor is the legal and beneficial owner of, and has good and marketable title to, and has full right and authority to pledge
and assign the Collateral, free and clear of all liens or other charges or encumbrances. Grantor shall keep the Collateral free
from any liens, encumbrances and security interests (except those created by this Agreement, the Company’s Amended and Restated
Shareholders’ Agreement as currently in effect and the Voting Agreement of even date herewith executed by Grantor) and shall
pay and discharge when due all taxes, levies and other charges upon the Collateral and shall defend the Collateral against all
claims and legal proceedings claiming any interest therein adverse to Secured Party or Grantor by Persons other than Secured Party.

  

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4. Action
Upon an Event of Default. In addition to its rights and remedies provided hereunder, whenever an Event of Default under the
Note shall have occurred and be continuing, Secured Party shall have all rights and remedies of a secured party upon default under
the Uniform Commercial Code or other applicable law. Without limiting the foregoing, Secured Party shall have the right, at any
time and from time to time following the occurrence and during the continuance of an Event of Default, to sell, resell, assign
and deliver, in Secured Party’s discretion, all or any of the Collateral, in one or more transactions at the same or different
times, and any right, title, interest, claim and/or demand therein or right of redemption thereof, on any securities exchange
on which the Collateral or any of it may be listed or at public or private sale, for cash or upon credit for future delivery,
and in connection therewith Secured Party may grant options, Grantor hereby waiving and releasing any and all equity or right
of redemption after an Event of Default has occurred. If any of the Collateral is sold by Secured Party upon credit for future
delivery, Secured Party shall not be liable for any failure of the purchaser to purchase or pay for the same and, in the event
of any such failure, Secured Party may resell such Collateral. In no event shall Grantor be credited with any part of the proceeds
of sale of any Collateral until cash payment of such sale has actually been received by Secured Party.

 

5. Sale
of Collateral. Secured Party shall give Grantor at least ten (10) days prior written notice of the time and place of any sale
or other disposition to be made pursuant to Section 4 above, which notice Grantor agrees is reasonable. Secured Party shall
not be obligated to make any sale of Collateral if Secured Party shall determine not to do so, regardless of the fact that notice
of sale may have been given. Upon each private sale of Collateral of a type customarily sold in a recognized market and upon each
public sale, Secured Party or any holder of the Note, may purchase all or any of the Collateral being sold, free from any equity
or right of redemption, which is hereby waived and released by Grantor, and may make payments therefor (by endorsement without
recourse) in the Note, in lieu of cash, to the extent of the amount then due thereon, which Grantor hereby agrees to accept.

 

6. Private
Sale. Grantor recognizes that Secured Party may be unable to effect a public sale of all or a part of the Collateral by reason
of certain prohibitions contained in the Securities Act of 1933, as amended, as now or hereafter in effect, or in applicable blue
sky or other state securities laws, as now or hereafter in effect, but may be compelled to resort to one or more private sales
to a restricted group of purchasers who will be obliged to agree, among other things, to acquire such Collateral for their own
account, for investment and not with a view to the distribution or resale thereof. Grantor agrees that private sales so made may
be at prices and other terms less favorable than if such Collateral were sold at public sales, and that Secured Party has no obligation
to delay sale of any such Collateral for the period of time necessary to permit the issuer of such Collateral to register such
Collateral for public sale under such applicable securities laws. Grantor agrees that private sales made in compliance with this
Agreement shall be deemed to have been made in a commercially reasonable manner.

 

7. Helix
Note. Notwithstanding anything herein to the contrary, upon an Event of Default, Secured Party may, at its sole option and
in lieu of exercising any of its rights hereunder with respect to the Pledged Interests, exchange the Note for a new promissory
note executed and delivered by Helix to Secured Party (the “Helix Note”). The Helix Note shall (i) bear interest
at nine percent (9%) per annum, (ii) be secured by a second-priority security interest in all of the assets of Helix, such priority
being second only to RedDiamond Partners, LLC, which represents the only outstanding security interest on the assets of Helix
as of the date hereof, (iii) be payable in full within nine (9) months following execution thereof and (iv) have a principal amount
equal to all amounts due and owing by Grantor to Secured Party at the time of execution, including, without limitation, any costs
of collection incurred by Secured Party in connection with the Event of Default. If, in Secured Party’s sole discretion,
Secured Party desires to exercise its rights under this Section A.7, Secured Party shall give written notice to Grantor and Helix
in accordance with Section B.11. Helix acknowledges and agrees that should Secured Party, in Secured Party’s sole discretion,
desire to execute its rights under this Section A.7, Helix will issue the Helix Note to Secured Party and will pay the Helix Note
to Secured Party in accordance with the terms of the Helix Note. Upon Secured Party’s receipt of the Helix Note, (a) Grantor
will sell and transfer to Helix the Pledged Interests for an aggregate purchase price of $50.00 and (b) all of Secured Party’s
rights with respect to the Pledged Interests, whether pursuant to this Agreement or otherwise, shall terminate.

 

8. Cumulative
Remedies. The remedies provided herein in favor of Secured Party shall not be deemed exclusive, but shall be cumulative, and
shall be in addition to all other remedies in favor of Secured Party under the Loan Documents or existing at law or in equity.

  

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9. Power
of Attorney to Execute. Upon and during the continuance of an Event of Default, Secured Party shall have the right, for and
in the name, place and stead of Grantor, to execute such endorsements, assignments or other documents or instruments, including
instruments or agreements exercising its voting and consensual rights hereunder and instruments of conveyance or transfer with
respect to all or any of the Collateral as may be reasonably necessary in order to assure its rights hereunder. Without limiting
the generality of the foregoing, upon and during the continuance of an Event of Default, Secured Party shall have the right and
power to receive, endorse and collect all checks and other orders for the payment of money made payable to Grantor representing
any interest, dividend or other distribution payable in respect of the Collateral that Secured Party is entitled to receive hereunder
or any part thereof and to give full discharge for the same. Such rights shall be subject to the limitations and restrictions
set forth in this Agreement. This power of attorney is a power coupled with an interest and shall be irrevocable for so long
as any of Grantor’s obligations under the Note remain outstanding.

 

10. Application
of Proceeds. All cash proceeds received by Secured Party pursuant to any sale of, collection from, or other realization upon,
all or any part of the Collateral may, in the discretion of Secured Party, be held by Secured Party as additional Collateral security
for, or then or at any time thereafter be applied in whole or in part by Secured Party against, all or any part of the amounts
due under the Note in the following order:

 

(a) First,
to expenses payable by Grantor pursuant to Section 11 hereof or otherwise under any of the Loan Documents;

 

(b) Second,
to the unpaid interest (including post-petition interest to the extent the Secured Party is entitled thereto) accrued and then
due or owing on the Note;

 

(c) Third,
on account of all principal of the Note then due or owing; and

 

(d) Fourth,
to any other amounts under the Note or the other Loan Documents then due or owing.

 

Any
surplus of such cash or cash proceeds held by Secured Party and remaining after payment in full of the Note shall be paid over
to Grantor or to whomsoever may be lawfully entitled to receive such surplus, and Grantor shall be liable for any deficiency.

 

11. Indemnity
and Expenses. Grantor hereby agrees to indemnify and hold harmless Secured Party from and against any and all claims, losses
and liabilities growing out of or resulting from this Agreement (including enforcement of this Agreement), except claims, losses
or liabilities resulting from Secured Party’s gross negligence, willful misconduct or breach of this Agreement. Upon demand,
Grantor will pay, or cause to be paid, to Secured Party the amount of any and all reasonable expenses, including but not limited
to reasonable fees and disbursements of its counsel and of any experts and agents, which Secured Party may incur in connection
with the administration of this Agreement, the custody, preservation, use or operation of, or the sale of, collection from, or
other realization upon, any of the Collateral, the exercise or enforcement of any of the rights of Secured Party hereunder, and
the failure by Grantor to perform or observe any of the provisions hereof.

 

12.
 No Duty on Secured Party. The powers conferred on Secured Party hereunder are
solely to protect Secured Party’s interest in the Collateral and shall not impose any duty to exercise any such powers.
Except for the safe custody of any Collateral in Secured Party’s possession and the accounting for monies actually received
by Secured Party hereunder, Secured Party shall have no duty as to any Collateral or as to the taking of any necessary steps to
preserve rights against prior parties or any other rights pertaining to any Collateral. Nothing contained in this Agreement shall
be construed or interpreted to transfer to Secured Party any obligations of a shareholder of the Company or cause the Secured
Party to be deemed a shareholder of the Company prior to Secured Party’s express exercise of its rights to become such.
To the extent permitted by applicable law, Grantor waives all claims, damages and demands against Secured Party arising out of
the lawful sale or disposition of the Collateral in accordance with the terms hereof.

  

    	 	4	 

     

    

 

B. MISCELLANEOUS

 

1. Term.
The pledge made by Grantor hereunder shall serve as security for the performance of all the covenants and conditions of Grantor
under the Note and the Loan Documents until Grantor has satisfied or discharged its obligations under the Note and the Loan Documents.

 

2. Further
Assurances. Grantor shall do, make, execute and deliver all such additional and further acts, things, deeds, assurances, instruments
and documents as Secured Party may request to perfect, preserve and protect the Secured Party’s rights hereunder or in any
of the Collateral, including, without limitation, placing legends on Collateral or on books and records pertaining to Collateral
stating that Secured Party has a security interest therein and/or executing one or more control agreements.

 

3. Performance
or Termination of Obligations. Upon the discharge of Grantor’s obligations under the Note and the Loan Documents, Secured
Party shall release, transfer and deliver to Grantor all the Collateral and all rights received by Secured Party hereunder, and
the security interest granted hereby shall be deemed rescinded and terminated.

 

4. No
Waiver. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power
or shall be construed to be a waiver of any such default.

 

5. Governing
Law. This Agreement, its construction and the determination of any rights, duties or remedies of the parties arising out of
or relating to this Agreement, shall be governed by and construed under and in accordance with the laws of the State of Delaware
without respect to any conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would
cause the application of the laws of any jurisdiction other than the State of Delaware.

 

6. Inurement.
This Agreement shall inure to the benefit of and be binding upon the parties hereto, their heirs, executors, administrators, successors
or permitted assigns.

 

7. Entire
Agreement. This Agreement, together with the Loan Documents, represent the entire agreement of the parties, and may not be
modified or terminated except by written agreement executed by all of the parties.

 

8. Assignment.
This Agreement shall not be assigned by any party hereto without the written consent of Secured Party. Secured Party may assign
its rights hereunder to assignees, or to participants in the Note in accordance with the Loan Documents. This Agreement shall
be binding on, and inure to the benefit of, the parties to it and their respective legal representatives, successors and permitted
assigns.

 

9. Rights
and Waivers. No failure or delay on the part of Secured Party in exercising any right, power or privilege under this Agreement
or any applicable law shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege
hereunder or thereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege.
No waiver or modification of any right, power or privilege of Secured Party or of any obligation of Grantor shall be effective
unless such waiver or modification is in writing, and signed by Secured Party and then only to the extent set forth therein. A
waiver by Secured Party of any right, power, or privilege hereunder on any one occasion shall not be construed as a bar to, or
waiver of, the exercise of any such right, power or privilege which Secured Party otherwise would have on any subsequent occasion.

  

    	 	5	 

     

    

 

10. Counterparts;
Facsimile. This Agreement may be executed in any number of counterparts (by facsimile, portable document format (pdf) or original)
and by different parties hereto on separate counterparts, each of which, when so executed and delivered, shall be an original,
but all such counterparts shall together constitute one and the same instrument.

 

11. Notices.
Any notice required or permitted to be delivered hereunder shall be in writing and shall be deemed to have been delivered when
hand delivered, one (1) day after being sent by overnight courier or five (5) days after having been deposited in the United States
mail, postage prepaid, certified, return receipt requested, addressed to the parties at the addresses set forth below, or to such
other address as either party hereto shall from time to time designate to the other party by written notice.

  

	 	If to Secured Party:	BTC Investment LLC
	 	 	c/o Brooks Pierce McLendon Humphrey & Leonard, LLP
	 	 	230 N. Elm Street, Suite 2000
	 	 	Greensboro, North Carolina 27401
	 	 	Attn: Susan Young
	 	 	 
	 	If to Grantor or Helix:	RSF5, LLC
	 	 	c/o Helix TCS, Inc.
	 	 	5300 Parkway, Suite 300 
	 	 	Denver, CO 80111
	 	 	Attention:  CEO. 

  

[Signatures
on following page]

  

    	 	6	 

     

    

 

IN
WITNESS WHEREOF, Grantor has executed this Agreement effective the day and year first above written.

 

	 	RSF5, LLC
	 	 
	 	By:	 /s/ Jonathan Rosenthal
	 	Name:	Jonathan Rosenthal
	 	Title:	Authorized Person
	 	 
	 	By:	/s/ Andrew Schweibold
	 	Name: 	Andrew Schweibold
	 	Title:	Authorized Person

 

	 	HELIX TCS, INC.
	 	 
	 	By: 	/s/ Scott Ogur
	 	Name:  	Scott Ogur
	 	Title: 	Chief Financial Officer

  

Acknowledged
and Agreed:

 

BTC
INVESTMENT LLC

 

By:
BTNF GP, LLC, Manager

  

	 	By:	/s/ Andrew Oshay	 
	 	Name: 	Andrew Oshay	 
	 	Title:	Manager

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