Document:

Exhibit 10.24

 

SECURITY AGREEMENT

 

SECURITY AGREEMENT
(this “Agreement”), dated as of May 13, 2015, by and among ID Global Solutions Corporation, a Delaware corporation
(the “Company”) and the secured parties signatory hereto and their respective endorsees, transferees and assigns
(collectively, the “Secured Party”).

 

WITNESSETH:

 

WHEREAS, pursuant to
a Securities Purchase Agreement, dated the date hereof, between the Company and the Secured Party (the “Purchase Agreement”),
the Company has agreed to issue to the Secured Party and the Secured Party has agreed to purchase from the Company certain of the
Company’s 10% Secured Convertible Debentures (the “Debentures”), which are convertible into shares of Company’s
Common Stock, par value $.0001 per share (the “Common Stock”); and

 

WHEREAS, in order to
induce the Secured Party to purchase the Debentures, Company has agreed to execute and deliver to the Secured Party this Agreement
for the benefit of the Secured Party and to grant to it a security interest in certain property of Company to secure the prompt
payment, performance and discharge in full of all of Company’s obligations under the Debentures and exercise and discharge
in full of Company’s obligations under the Warrants; and

 

WHEREAS, in light of
the foregoing, the Company expects to derive substantial benefit from the Purchase Agreement and sale of the Debentures and the
transactions contemplated thereby and, in furtherance thereof, has agreed to execute and deliver this.

 

NOW, THEREFORE, in
consideration of the agreements herein contained and for other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto hereby agree as follows:

 

1.            Certain
Definitions.  As used in this Agreement, the following terms shall have the meanings set forth in this Section 1.  Terms
used but not otherwise defined in this Agreement that are defined in Article 9 of the UCC (such as “general intangibles”
and “proceeds”) shall have the respective meanings given such terms in Article 9 of the UCC.

 

(a)          “Collateral”
means the collateral in which the Secured Party is granted a security interest by this Agreement and which shall include the following,
whether presently owned or existing or hereafter acquired or coming into existence, and all additions and accessions thereto and
all substitutions and replacements thereof, and all proceeds, products and accounts thereof, including, without limitation, all
proceeds from the sale or transfer of the Collateral and of insurance covering the same and of any tort claims in connection therewith:

 

(i)          All
Goods of the Company, including, without limitations, all machinery, equipment, computers, motor vehicles, trucks, tanks, boats,
ships, appliances, furniture, special and general tools, fixtures, test and quality control devices and other equipment of every
kind and nature and wherever situated, together with all documents of title and documents representing the same, all additions
and accessions thereto, replacements therefor, all parts therefor, and all substitutes for any of the foregoing and all other items
used and useful in connection with the Company’s businesses and all improvements thereto (collectively, the “Equipment”);
and

 

    	 

    	 

    

 

(ii)         All
Inventory of the Company; and

 

(iii)        All
of the Company’s contract rights and general intangibles, including, without limitation, all partnership interests, stock
or other securities, licenses, distribution and other agreements, computer software development rights, leases, franchises, customer
lists, quality control procedures, grants and rights, goodwill, trademarks, service marks, trade styles, trade names, patents,
patent applications, copyrights, deposit accounts, and income tax refunds (collectively, the “General Intangibles”);
and

 

(iv)        All
Receivables of the Company including all insurance proceeds, and rights to refunds or indemnification whatsoever owing, together
with all instruments, all documents of title representing any of the foregoing, all rights in any merchandising, goods, equipment,
motor vehicles and trucks which any of the same may represent, and all right, title, security and guaranties with respect to each
Receivable, including any right of stoppage in transit; and

 

(v)         All
of the Company’s documents, instruments and chattel paper, files, records, books of account, business papers, computer programs
and the products and proceeds of all of the foregoing Collateral set forth in clauses (i)-(iv) above.

 

(b)          “Company”
shall mean, collectively, Company and all of the subsidiaries of Company, a list of which is contained in Schedule A, attached
hereto.

 

(c)          “Obligations”
means all of the Company’s obligations under this Agreement and the Debentures, in each case, whether now or hereafter existing,
voluntary or involuntary, direct or indirect, absolute or contingent, liquidated or unliquidated, whether or not jointly owed with
others, and whether or not from time to time decreased or extinguished and later decreased, created or incurred, and all or any
portion of such obligations or liabilities that are paid, to the extent all or any part of such payment is avoided or recovered
directly or indirectly from the Secured Party as a preference, fraudulent transfer or otherwise as such obligations may be amended,
supplemented, converted, extended or modified from time to time.

 

(d)          “UCC”
means the Uniform Commercial Code, as currently in effect in the State of Florida.

 

2.            Grant
of Security Interest.  As an inducement for the Secured Party to purchase the Debentures and to secure the complete
and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company hereby, unconditionally
and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing lien upon,
an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted
by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral subject to
existing security liens and future debt, purchase order or receivable financing (the “Security Interest”).

 

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3.            Representations,
Warranties, Covenants and Agreements of the Company.  The Company represents and warrants to, and covenants and agrees
with, the Secured Party as follows:

 

(a)          The
Company has the requisite corporate power and authority to enter into this Agreement and otherwise to carry out its obligations
thereunder.  The execution, delivery and performance by the Company of this Agreement and the filings contemplated therein
have been duly authorized by all necessary action on the part of the Company and no further action is required by the Company.  This
Agreement constitutes a legal, valid and binding obligation of the Company 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.

 

(b)          The
Company represents and warrants that it has no place of business or offices where its respective books of account and records are
kept (other than temporarily at the offices of its attorneys or accountants) or places where Collateral is stored or located, except
as set forth on Schedule A attached hereto;

 

(c)          The
Company shall at all times maintain its books of account and records relating to the Collateral at its principal place of business
and its Collateral at the locations set forth on Schedule A attached hereto and may not relocate such books of account and
records or tangible Collateral unless it delivers to the Secured Party at least 30 days prior to such relocation (i) written notice
of such relocation and the new location thereof (which must be within the United States) and (ii) evidence that appropriate
financing statements and other necessary documents have been filed and recorded and other steps have been taken to perfect the
Security Interest to create in favor of the Secured Party valid, perfected and continuing first priority liens in the Collateral.

 

(d)          This
Agreement creates in favor of the Secured Party a valid security interest in the Collateral securing the payment and performance
of the Obligations and, upon making the filings described in the immediately following sentence, a perfected first priority security
interest in such Collateral.  Except for the filing of financing statements on Form-1 under the UCC with the jurisdictions
indicated on Schedule B, attached hereto, no authorization or approval of or filing with or notice to any governmental authority
or regulatory body is required either (i) for the grant by the Company of, or the effectiveness of, the Security Interest
granted hereby or for the execution, delivery and performance of this Agreement by the Company or (ii) for the perfection
of or exercise by the Secured Party of its rights and remedies hereunder.

 

(e)          The
execution, delivery and performance of this Agreement does not conflict with or cause a breach or default, or an event that with
or without the passage of time or notice, shall constitute a breach or default, under any agreement to which the Company is a party
or by which the Company is bound.  No consent (including, without limitation, from stock holders or creditors of the
Company) is required for the Company to enter into and perform its obligations hereunder.

 

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(f)          The
Company shall at all times maintain the liens and Security Interest provided for hereunder as valid and perfected first priority
liens and security interests in the Collateral in favor of the Secured Party until this Agreement and the Security Interest hereunder
shall terminate pursuant to Section 11.  The Company hereby agrees to defend the same against any and all persons.  The
Company shall safeguard and protect all Collateral for the account of the Secured Party.  At the request of the Secured
Party, the Company will sign and deliver to the Secured Party at any time or from time to time one or more financing statements
pursuant to the UCC (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 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 Company shall pay
all fees, taxes and other amounts necessary to maintain the Collateral and the Security Interest hereunder, and the Company 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 Interest hereunder.

 

(g)          The
Company will not transfer, pledge, hypothecate, encumber, license (except for non-exclusive licenses granted by the Company in
the ordinary course of business), sell or otherwise dispose of any of the Collateral without the prior written consent of the Secured
Party.

 

(h)          The
Company shall keep and preserve its Equipment, Inventory and other tangible Collateral in good condition, repair and order and
shall not operate or locate any such Collateral (or cause to be operated or located) in any area excluded from insurance coverage.

 

(i)          The
Company shall, within ten (10) days of obtaining knowledge thereof, advise the Secured Party promptly, in sufficient detail, of
any substantial change in the Collateral, and of the occurrence of any event which would have a material adverse effect on the
value of the Collateral or on the Secured Party’s security interest therein.

 

(j)          The
Company 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 request and may in its sole discretion deem necessary to perfect, protect or enforce its security interest
in the Collateral.

 

(k)          The
Company shall permit the Secured Party and its representatives and agents to inspect the Collateral at any time, and to make copies
of records pertaining to the Collateral as may be requested by the Secured Party from time to time.

 

(l)          The
Company 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.

 

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(m)          The
Company shall promptly notify the Secured Party in sufficient detail upon becoming aware of any attachment, garnishment, execution
or other legal process levied against any Collateral and of any other information received by the Company that may materially affect
the value of the Collateral, the Security Interest or the rights and remedies of the Secured Party hereunder.

 

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

 

(o)          Schedule
A attached hereto contains a list of all of the subsidiaries of Company.

 

4.            Defaults.  The
following events shall be “Events of Default”:

 

(a)          The
occurrence of an Event of Default (as defined in the Debentures) under the Debentures;

 

(b)          Any
representation or warranty of the Company in this Agreement or in the Intellectual Property Security Agreement shall prove to have
been incorrect in any material respect when made;

 

(c)          The
failure by the Company to observe or perform any of its obligations hereunder or in the Intellectual Property Security Agreement
for ten (10) days after receipt by the Company of notice of such failure from the Secured Party; and

 

(d)          Any
breach of, or default under, the Warrants.

 

5.            Duty
To Hold In Trust.  Upon the occurrence of any Event of Default and at any time thereafter, the Company shall, upon
receipt by it of any revenue, income or other sums subject to the Security Interest, whether payable pursuant to the Debentures
or otherwise, or of any check, draft, note, trade acceptance or other instrument evidencing an obligation to pay any such sum,
hold the same in trust for the Secured Party and shall forthwith endorse and transfer any such sums or instruments, or both, to
the Secured Party for application to the satisfaction of the Obligations.

 

6.            Rights
and Remedies Upon Default.  Upon occurrence of any Event of Default and at any time thereafter, the Secured Party
shall have the right to exercise all of the remedies conferred hereunder and under the Debentures, and the Secured Party shall
have all the rights and remedies of a secured party under the UCC and/or any other applicable law (including the Uniform Commercial
Code of any jurisdiction in which any Collateral is then located).  Without limitation, the Secured Party shall have
the following rights and powers:

 

(a)          The
Secured Party shall have the right to take possession of the Collateral and, for that purpose, enter, with the aid and assistance
of any person, any premises where the Collateral, or any part thereof, is or may be placed and remove the same, and the Company
shall assemble the Collateral and make it available to the Secured Party at places which the Secured Party shall reasonably select,
whether at the Company’s premises or elsewhere, and make available to the Secured Party, without rent, all of the Company’s
respective premises and facilities for the purpose of the Secured Party taking possession of, removing or putting the Collateral
in saleable or disposable form.

 

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(b)          The
Secured Party shall have the right to operate the business of the Company using the Collateral and shall have the right to assign,
sell, lease or otherwise dispose of and deliver all or any part of the Collateral, at public or private sale or otherwise, either
with or without special conditions or stipulations, for cash or on credit or for future delivery, in such parcel or parcels and
at such time or times and at such place or places, and upon such terms and conditions as the Secured Party may deem commercially
reasonable, all without (except as shall be required by applicable statute and cannot be waived) advertisement or demand upon or
notice to the Company or right of redemption of the Company, which are hereby expressly waived.  Upon each such sale,
lease, assignment or other transfer of Collateral, the Secured Party may, unless prohibited by applicable law which cannot be waived,
purchase all or any part of the Collateral being sold, free from and discharged of all trusts, claims, right of redemption and
equities of the Company, which are hereby waived and released.

 

7.          Applications
of Proceeds.  The proceeds of any such sale, lease or other disposition of the Collateral hereunder shall be applied
first, to the expenses of retaking, holding, storing, processing and preparing for sale, selling, and the like (including, without
limitation, any taxes, fees and other costs incurred in connection therewith) of the Collateral, to the reasonable attorneys’
fees and expenses incurred by the Secured Party in enforcing its rights hereunder and in connection with collecting, storing and
disposing of the Collateral, and then to satisfaction of the Obligations, and to the payment of any other amounts required by applicable
law, after which the Secured Party shall pay to the Company any surplus proceeds.  If, upon the sale, license or other
disposition of the Collateral, the proceeds thereof are insufficient to pay all amounts to which the Secured Party is legally entitled,
the Company will be liable for the deficiency, together with interest thereon, at the rate of 15% per annum (the “Default
Rate”), and the reasonable fees of any attorneys employed by the Secured Party to collect such deficiency.  To
the extent permitted by applicable law, the Company waives all claims, damages and demands against the Secured Party arising out
of the repossession, removal, retention or sale of the Collateral, unless due to the gross negligence or willful misconduct of
the Secured Party.

 

8.          Costs
and Expenses.  The Company agrees to pay all out-of-pocket fees, costs
and expenses incurred in connection with any filing required hereunder, including without limitation, any financing statements,
continuation statements, partial releases and/or termination statements related thereto or any expenses of any searches reasonably
required by the Secured Party.  The Company shall also pay all other claims and charges which in the reasonable opinion
of the Secured Party might prejudice, imperil or otherwise affect the Collateral or the Security Interest therein.  The
Company will also, upon demand, pay to the Secured Party the amount of any and all reasonable expenses, including the reasonable
fees and expenses of its counsel and of any experts and agents, which the Secured Party may incur in connection with (i) the
enforcement of this Agreement, (ii) the custody or preservation of, or the sale of, collection from, or other realization
upon, any of the Collateral, or (iii) the exercise or enforcement of any of the rights of the Secured Party under the Debentures.  Until
so paid, any fees payable hereunder shall be added to the principal amount of the Debentures and shall bear interest at the Default
Rate.

 

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9.            Responsibility
for Collateral.  The Company assumes all liabilities and responsibility in connection with all Collateral, and the
obligations of the Company hereunder or under the Debentures and the Warrants shall in no way be affected or diminished by reason
of the loss, destruction, damage or theft of any of the Collateral or its unavailability for any reason.

 

10.           Security
Interest Absolute.  All rights of the Secured Party and all Obligations of the Company hereunder, shall be absolute
and unconditional, irrespective of: (a) any lack of validity or enforceability of this Agreement, the Debentures, the Warrants
or any agreement entered into in connection with the foregoing, or any portion hereof or thereof; (b) 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 Debentures, the Warrants or any other agreement entered into in connection with
the foregoing; (c)  any exchange, release or nonperfection 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;
(d) 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 (e) any other circumstance which might otherwise constitute any legal
or equitable defense available to the Company, or a discharge of all or any part of the Security Interest 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, without limitation, the running of the statute of limitations or bankruptcy.  The
Company expressly waives presentment, protest, notice of protest, demand, notice of nonpayment and demand for performance.  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
or insolvency laws of the United States, or shall be deemed to be otherwise due to any party other than the Secured Party, then,
in any such event, the Company’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 Company 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 marshal
assets, or to pursue any other remedy.  The Company waives any defense arising by reason of the application of the statute
of limitations to any obligation secured hereby.

 

11.           Term
of Agreement.  This Agreement and the Security Interest shall terminate on the date on which all payments under the
Debentures have been made in full and all other Obligations have been paid or discharged.  Upon such termination, the
Secured Party, at the request and at the expense of the Company, will join in executing any termination statement with respect
to any financing statement executed and filed pursuant to this Agreement.

 

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12.          Power
of Attorney; Further Assurances.

 

(a)          The
Company authorizes the Secured Party, and does hereby make, constitute and appoint it, and its respective officers, agents, successors
or assigns with full power of substitution, as the Company’s true and lawful attorney-in-fact, with power, in its own name
or in the name of the Company, to, after the occurrence and during the continuance of an Event of Default, (i) endorse any
notes, checks, drafts, money orders, or other instruments of payment (including payments payable under or in respect of any policy
of insurance) in respect of the Collateral that may come into possession of the Secured Party; (ii) to sign and endorse any
UCC financing statement or any invoice, freight or express bill, bill of lading, storage or warehouse receipts, drafts against
debtors, assignments, verifications and notices in connection with accounts, and other documents relating to the Collateral; (iii) to
pay or discharge taxes, liens, security interests or other encumbrances at any time levied or placed on or threatened against the
Collateral; (iv) to demand, collect, receipt for, compromise, settle and sue for monies due in respect of the Collateral;
and (v) generally, to do, at the option of the Secured Party, and at the Company’s expense, at any time, or from time
to time, all acts and things which the Secured Party deems necessary to protect, preserve and realize upon the Collateral and the
Security Interest granted therein in order to effect the intent of this Agreement, the Debentures and the Warrants, all as fully
and effectually as the Company might or could do; and the Company hereby ratifies all that said attorney shall lawfully do or cause
to be done by virtue hereof.  This power of attorney is coupled with an interest and shall be irrevocable for the term
of this Agreement and thereafter as long as any of the Obligations shall be outstanding.

 

(b)          On
a continuing basis, the Company will make, execute, acknowledge, deliver, file and record, as the case may be, in the proper filing
and recording places in any jurisdiction, including, without limitation, the jurisdictions indicated on Schedule B, attached
hereto, all such instruments, and take all such action as may reasonably be deemed necessary or advisable, or as reasonably requested
by the Secured Party, to perfect the Security Interest granted hereunder and otherwise to carry out the intent and purposes of
this Agreement, or for assuring and confirming to the Secured Party the grant or perfection of a security interest in all the Collateral.

 

(c)          The
Company hereby irrevocably appoints the Secured Party as the Company’s attorney-in-fact, with full authority in the place
and stead of the Company and in the name of the Company, from time to time in the Secured Party’s discretion, to take any
action and to execute any instrument which the Secured Party may deem necessary or advisable to accomplish the purposes of this
Agreement, including the filing, in its sole discretion, of one or more financing or continuation statements and amendments thereto,
relative to any of the Collateral without the signature of the Company where permitted by law.

 

13.          Notices.  All
notices, requests, demands and other communications hereunder shall be in writing, with copies to all the other parties hereto,
and shall be deemed to have been duly given when (i) if delivered by hand, upon receipt, (ii) if sent by facsimile, upon
receipt of proof of sending thereof, (iii) if sent by nationally recognized overnight delivery service (receipt requested),
the next business day or (iv) if mailed by first-class registered or certified mail, return receipt requested, postage prepaid,
four days after posting in the U.S. mails, in each case if delivered to the following addresses:

 

	If to the Company, to:	ID Global Solutions Corporation
	 	160 East Lake Brantley Drive
	 	Longwood, FL 32779
	 	Attention: Thomas R. Szoke
	 	Telephone: (407) 951-8640
	 	Facsimile:  

 

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	With a copy to:	Fleming PLLC
	 	Attn: Stephen Fleming
	 	49 Front Street, Suite 206
	 	Rockville Centre, NY 11570
	 	Telephone: (516) 833-5034 
	 	Facsimile: (516) 977-1029

 

If to the Secured Party, then the address set forth in the Purchase
Agreement.

 

14.          Other
Security.  To the extent that the Obligations are now or hereafter secured by property other than the Collateral
or by the guarantee, endorsement or property of any other person, firm, corporation or other entity, then the Secured Party shall
have the right, in its sole discretion, to pursue, relinquish, subordinate, modify or take any other action with respect thereto,
without in any way modifying or affecting any of the Secured Party’s rights and remedies hereunder.

 

15.          Miscellaneous.

 

(a)          No
course of dealing between the Company and the Secured Party, nor any failure to exercise, nor any delay in exercising, on the part
of the Secured Party, any right, power or privilege hereunder or under the Debentures 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.

 

(b)          All
of the rights and remedies of the Secured Party with respect to the Collateral, whether established hereby or by the Debentures
or by any other agreements, instruments or documents or by law shall be cumulative and may be exercised singly or concurrently.

 

(c)          This
Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof and is intended to supersede
all prior negotiations, understandings and agreements with respect thereto.  Except as specifically set forth in this
Agreement, no provision of this Agreement may be modified or amended except by a written agreement specifically referring to this
Agreement and signed by the parties hereto.

 

(d)          In
the event that any provision of this Agreement is held to be invalid, prohibited or unenforceable in any jurisdiction for any reason,
unless such provision is narrowed by judicial construction, this Agreement shall, as to such jurisdiction, be construed as if such
invalid, prohibited or unenforceable provision had been more narrowly drawn so as not to be invalid, prohibited or unenforceable.  If,
notwithstanding the foregoing, any provision of this Agreement is held to be invalid, prohibited or unenforceable in any jurisdiction,
such provision, as to such jurisdiction, shall be ineffective to the extent of such invalidity, prohibition or unenforceability
without invalidating the remaining portion of such provision or the other provisions of this Agreement and without affecting the
validity or enforceability of such provision or the other provisions of this Agreement in any other jurisdiction.

 

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(e)          No
waiver of any breach or default or any right under this Agreement shall be considered valid unless in writing and signed by the
party giving such waiver, and no such waiver shall be deemed a waiver of any subsequent breach or default or right, whether of
the same or similar nature or otherwise.

 

(f)          This
Agreement shall be binding upon and inure to the benefit of each party hereto and its successors and assigns.

 

(g)          Each
party shall take such further action and execute and deliver such further documents as may be necessary or appropriate in order
to carry out the provisions and purposes of this Agreement.

 

(h)          This
Agreement shall be construed in accordance with the laws of the State of Florida, except to the extent the validity, perfection
or enforcement of a security interest hereunder in respect of any particular Collateral which are governed by a jurisdiction other
than the State of Florida in which case such law shall govern.  Each of the parties hereto irrevocably submit to the
exclusive jurisdiction of any Florida State or United States Federal court sitting in Sarasota county over any action or proceeding
arising out of or relating to this Agreement, and the parties hereto hereby irrevocably agree that all claims in respect of such
action or proceeding may be heard and determined in such Florida State or Federal court.  The parties hereto agree that
a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law.  The parties hereto further waive any objection to venue in the State
of Florida and any objection to an action or proceeding in the State of Florida on the basis of forum non conveniens.

 

(i)          EACH
PARTY HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING
OUT OF THIS AGREEMENT.  THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY DISPUTES THAT MAY BE FILED
IN ANY COURT AND THAT RELATE TO THE SUBJECT MATER OF THIS AGREEMENT, INCLUDING WITHOUT LIMITATION CONTRACT CLAIMS, TORT CLAIMS,
BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS.  EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER
IS A MATERIAL INDUCEMENT FOR EACH PARTY TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH PARTY HAS ALREADY RELIED ON THIS WAIVER
IN ENTERING INTO THIS AGREEMENT AND THAT EACH PARTY WILL CONTINUE TO RELY ON THIS WAIVER IN THEIR RELATED FUTURE DEALINGS. EACH
PARTY FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT SUCH PARTY HAS KNOWINGLY
AND VOLUNTARILY WAIVES ITS RIGHTS TO A JURY TRIAL FOLLOWING SUCH CONSULTATION.  THIS WAIVER IS IRREVOCABLE, MEANING THAT,
NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY
TO ANY SUBSEQUENT AMENDMENTS, RENEWALS AND SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT.  IN THE EVENT OF A LITIGATION,
THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

 

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(j)          This
Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and,
all of which taken together shall constitute one and the same Agreement.  In the event that any signature is delivered
by facsimile transmission, such signature shall create a valid binding obligation of the party executing (or on whose behalf such
signature is executed) the same with the same force and effect as if such facsimile signature were the original thereof.

 

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IN WITNESS WHEREOF,
the parties hereto have caused this to be duly executed on the day and year first above written.

 

	 	COMPANY
	 	 
	 	ID GLOBAL SOLUTIONS CORPORATION
	 	 
	 	By:	 
	 	 	Thomas R. Szoke
	 	 	Chief Executive Officer

 

	 	Secured PartY:	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    	 

    	 

    

 

Schedule A

 

Subsidiaries

Multipay S.A., a Colombian corporation 

Innovation in Motion Inc., a Florida corporation

 

Place of Business

160 E. Lake Brantley Drive

Longwood, Florida 32779

 

Schedule B 

 

UCC Jurisdiction: State of Florida

 

    	2Exhibit 10.25

 

Dated: May 13, 2015

 

NEITHER THIS DEBENTURE NOR
THE SECURITIES INTO WHICH THIS DEBENTURE IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE
SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

 

	No. 2015-5-__	$______

 

ID GLOBAL SOLUTIONS CORPORATION

 

Secured Convertible Debenture

 

This Secured Convertible Debenture
(the “Debenture”) is issued by ID GLOBAL SOLUTIONS CORPORATION, a Delaware corporation (the
“Obligor”), to _________(the “Holder”), pursuant to that certain Securities Purchase
Agreement (the “Agreement”) of even date herewith.

 

FOR VALUE RECEIVED, the
Obligor hereby promises to pay to the Holder or its successors and assigns the principal sum of _______ Dollars ($_____) together
with accrued but unpaid interest on or before the earlier of the closing of a financing in excess of $500,000 or September 15,
2015 (the “Maturity Date”) in accordance with the following terms:

 

Interest.
Interest shall accrue on the outstanding principal balance hereof at an annual rate equal to ten percent (10%). Interest shall
be calculated on the basis of a 365-day year and the actual number of days elapsed, to the extent permitted by applicable law.
Interest hereunder will be paid to the Holder or its assignee (as defined in Section 4) in whose name this Debenture is
registered on the records of the Obligor regarding registration and transfers of Debentures (the “Debenture Register”).

 

Right
of Redemption. The Obligor at its option shall have the right to redeem a portion or all amounts outstanding under this
Debenture prior to the Maturity Date.

  

Security
Agreement. This Debenture is secured by the Security Agreement (the “Security Agreement”) between the
Obligor and the Holder.

 

    	 

    	 

    

 

Liquidated
Damages. In the event the principal and Interest is not paid in full by the Maturity Date, then the Obligor shall be obligated
to issues shares of Common Stock to the Holder as liquidated damages in the amount equal to the principal and Interest outstanding
multiplied by .25 per month, which such product will be divided by the Conversion Price then in place. Such liquidated damages
will be paid on a monthly basis until this debenture is paid in full.

 

This Debenture
is subject to the following additional provisions:

 

Section
1. This Debenture is exchangeable for an equal aggregate principal amount of Debentures of different authorized denominations,
as requested by the Holder surrendering the same. No service charge will be made for such registration of transfer or exchange.

 

Section 2. Events
of Default.

 

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

 

(i) Any
default in the payment of the principal of, interest on or other charges in respect of this Debenture, free of any claim of subordination,
as and when the same shall become due and payable (whether on a Conversion Date or the Maturity Date or by acceleration or otherwise);

 

(ii) The
Obligor shall fail to observe or perform any other covenant, agreement or warranty contained in, or otherwise commit any breach
or default of any provision of this Debenture (except as may be covered by Section 2(a)(i) hereof), the Agreement, or any
Transaction Document (as defined in Section 4), which is not cured with in the time prescribed;

 

(iii) The
Obligor or any subsidiary of the Obligor shall commence, or there shall be commenced against the Obligor or any subsidiary of the
Obligor under any applicable bankruptcy or insolvency laws as now or hereafter in effect or any successor thereto, or the Obligor
or any subsidiary of the Obligor commences any other proceeding under any reorganization, arrangement, adjustment of debt, relief
of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction whether now or hereafter in effect relating
to the Obligor or any subsidiary of the Obligor or there is commenced against the Obligor or any subsidiary of the Obligor any
such bankruptcy, insolvency or other proceeding which remains undismissed for a period of 61 days; or the Obligor or any subsidiary
of the Obligor is adjudicated insolvent or bankrupt; or any order of relief or other order approving any such case or proceeding
is entered; or the Obligor or any subsidiary of the Obligor suffers any appointment of any custodian, private or court appointed
receiver or the like for it or any substantial part of its property which continues undischarged or unstayed for a period of sixty
one (61) days; or the Obligor or any subsidiary of the Obligor makes a general assignment for the benefit of creditors; or the
Obligor or any subsidiary of the Obligor shall fail to pay, or shall state that it is unable to pay, or shall be unable to pay,
its debts generally as they become due; or the Obligor or any subsidiary of the Obligor shall call a meeting of its creditors with
a view to arranging a composition, adjustment or restructuring of its debts; or the Obligor or any subsidiary of the Obligor shall
by any act or failure to act expressly indicate its consent to, approval of or acquiescence in any of the foregoing; or any corporate
or other action is taken by the Obligor or any subsidiary of the Obligor for the purpose of effecting any of the foregoing;

 

    	2

    	 

    

 

(iv) The
Obligor or any subsidiary of the Obligor shall default in any of its obligations under any other debenture or any mortgage, credit
agreement or other facility, indenture agreement, factoring agreement or other instrument under which there may be issued, or by
which there may be secured or evidenced any indebtedness for borrowed money or money due under any long term leasing or factoring
arrangement of the Obligor or any subsidiary of the Obligor in an amount exceeding $100,000, whether such indebtedness now exists
or shall hereafter be created and such default shall result in such indebtedness becoming or being declared due and payable prior
to the date on which it would otherwise become due and payable; and

 

(v) The
Common Stock shall cease to be quoted for trading or listing for trading on any of (a) the American Stock Exchange, (b) New York
Stock Exchange, (c) the Nasdaq National Market, (d) the Nasdaq Capital Market, or (e) OTC Markets (“OTC”) (each,
a “Primary Market”) and shall not again be quoted or listed for trading on any Primary Market within five (5)
Trading Days of such delisting.

 

(b) During
the time that any portion of this Debenture is outstanding, if any Event of Default has occurred, the full principal amount of
this Debenture, together with interest and other amounts owing in respect thereof, to the date of acceleration shall become at
the Holder's election, immediately due and payable in cash, provided however, the Holder may request (but shall have no
obligation to request) payment of such amounts in Common Stock of the Obligor. In addition to any other remedies, the Holder shall
have the right (but not the obligation) to convert this Debenture at any time after (x) an Event of Default or (y) the Maturity
Date at the Conversion Price then in-effect. The Holder need not provide and the Obligor hereby waives any presentment, demand,
protest or other notice of any kind, and the Holder may immediately and without expiration of any grace period enforce any and
all of its rights and remedies hereunder and all other remedies available to it under applicable law. Such declaration may be rescinded
and annulled by Holder at any time prior to payment hereunder. No such rescission or annulment shall affect any subsequent Event
of Default or impair any right consequent thereon. Upon an Event of Default, notwithstanding any other provision of this Debenture
or any Transaction Document, the Holder shall have no obligation to comply with or adhere to any limitations, if any, on the conversion
of this Debenture or the sale of the Underlying Shares.

 

    	3

    	 

    

 

Section 3. Conversion.

 

(a) (i) Conversion
at Option of Holder.

 

(A) This
Debenture shall be convertible into shares of Common Stock at the option of the Holder, in whole or in part at any time and from
time to time, after the Original Issue Date (as defined in Section 4) (subject to the limitations on conversion set forth in Section
3(a)(ii) hereof). The number of shares of Common Stock issuable upon a conversion hereunder equals the quotient obtained by
dividing (x) the outstanding amount of this Debenture to be converted by (y) the Conversion Price (as defined in Section 3(c)(i)).
The Obligor shall deliver Common Stock certificates to the Holder prior to the Third (3rd) Trading Day after a Conversion Date.

 

(B) Notwithstanding
anything to the contrary contained herein, if on any Conversion Date: (1) the number of shares of Common Stock at the time authorized,
unissued and unreserved for all purposes, or held as treasury stock, is insufficient to pay principal and interest hereunder in
shares of Common Stock; (2) the Common Stock is not listed or quoted for trading on the OTC or on a Subsequent Market; or (3) the
Obligor has failed to timely satisfy its conversion, then, at the option of the Holder, the Obligor, in lieu of delivering shares
of Common Stock pursuant to Section 3(a)(i)(A), shall deliver, within three (3) Trading Days of each applicable Conversion
Date, an amount in cash equal to the product of the outstanding principal amount to be converted plus any interest due therein
divided by the Conversion Price and multiplied by the highest closing price of the stock from date of the conversion notice till
the date that such cash payment is made.

 

Further,
if the Obligor shall not have delivered any cash due in respect of conversion of this Debenture or as payment of interest thereon
by the fifth (5th) Trading Day after the Conversion Date, the Holder may, by notice to the Obligor, require the Obligor
to issue shares of Common Stock pursuant to Section 3(c), except that for such purpose the Conversion Price applicable thereto
shall be the lesser of the Conversion Price on the Conversion Date and the Conversion Price on the date of such Holder demand.
Any such shares will be subject to the provisions of this Section.

  

(C) The
Holder shall effect conversions by delivering to the Obligor a completed notice in the form attached hereto as Exhibit A (a “Conversion
Notice”). The date on which a Conversion Notice is delivered is the “Conversion Date.” Unless the
Holder is converting the entire principal amount outstanding under this Debenture, the Holder is not required to physically surrender
this Debenture to the Obligor in order to effect conversions. Conversions hereunder shall have the effect of lowering the outstanding
principal amount of this Debenture plus all accrued and unpaid interest thereon in an amount equal to the applicable conversion.
The Holder and the Obligor shall maintain records showing the principal amount converted and the date of such conversions. In the
event of any dispute or discrepancy, the records of the Holder shall be controlling and determinative in the absence of manifest
error.

 

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(ii) Certain Conversion
Restrictions.

 

(A) The
Company shall not effect any conversions of this Debenture and the Holder shall not have the right to convert any portion of this
Debenture or receive shares of Common Stock as payment of interest hereunder to the extent that after giving effect to such conversion
or receipt of such interest payment, the Holder, together with any affiliate thereof, would beneficially own (as determined in
accordance with Section 13(d) of the Exchange Act and the rules promulgated thereunder) in excess of 4.99% of the number of shares
of Common Stock outstanding immediately after giving effect to such conversion or receipt of shares as payment of interest. Since
the Holder will not be obligated to report to the Company the number of shares of Common Stock it may hold at the time of a conversion
hereunder, unless the conversion at issue would result in the issuance of shares of Common Stock in excess of 4.99% of the then
outstanding shares of Common Stock without regard to any other shares which may be beneficially owned by the Holder or an affiliate
thereof, the Holder shall have the authority and obligation to determine whether the restriction contained in this Section will
limit any particular conversion hereunder and to the extent that the Holder determines that the limitation contained in this Section
applies, the determination of which portion of the principal amount of this Debenture is convertible shall be the responsibility
and obligation of the Holder. If the Holder has delivered a Conversion Notice for a principal amount of this Debenture that, without
regard to any other shares that the Holder or its affiliates may beneficially own, would result in the issuance in excess of the
permitted amount hereunder, the Company shall notify the Holder of this fact and shall honor the conversion for the maximum principal
amount permitted to be converted on such Conversion Date in accordance with the periods described in Section 4(a)(i) and,
any principal amount tendered for conversion in excess of the permitted amount hereunder shall remain outstanding under this Debenture.
The provisions of this Section may be waived by a Holder (but only as to itself and not to any other Holder) upon not less than
65 days prior notice to the Company. Other Holders shall be unaffected by any such waiver.

 

(b) (i) Nothing
herein shall limit a Holder's right to pursue actual damages or declare an Event of Default pursuant to Section 2 herein
for the Obligor 's failure to deliver certificates representing shares of Common Stock upon conversion within the period specified
herein and such Holder shall have the right to pursue all remedies available to it at law or in equity including, without limitation,
a decree of specific performance and/or injunctive relief, in each case without the need to post a bond or provide other security.
The exercise of any such rights shall not prohibit the Holder from seeking to enforce damages pursuant to any other Section hereof
or under applicable law.

  

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(ii) In
addition to any other rights available to the Holder, if the Obligor fails to deliver to the Holder such certificate or certificates
pursuant to Section 3(a)(i)(A) by the fifth (5th) Trading Day after the Conversion Date, and if after such fifth
(5th) Trading Day the Holder purchases (in an open market transaction or otherwise) Common Stock to deliver in satisfaction
of a sale by such Holder of the Underlying Shares which the Holder anticipated receiving upon such conversion (a “Buy-In”),
then the Obligor shall (A) pay in cash to the Holder (in addition to any remedies available to or elected by the Holder) the amount
by which (x) the Holder's total purchase price (including brokerage commissions, if any) for the Common Stock so purchased exceeds
(y) the product of (1) the aggregate number of shares of Common Stock that such Holder anticipated receiving from the conversion
at issue multiplied by (2) the market price of the Common Stock at the time of the sale giving rise to such purchase obligation
and (B) at the option of the Holder, either reissue a Debenture in the principal amount equal to the principal amount of the attempted
conversion or deliver to the Holder the number of shares of Common Stock that would have been issued had the Obligor timely complied
with its delivery requirements under Section 3(a)(i)(A). For example, if the Holder purchases Common Stock having a total
purchase price of $11,000 to cover a Buy-In with respect to an attempted conversion of Debentures with respect to which the market
price of the Underlying Shares on the date of conversion was a total of $10,000 under clause (A) of the immediately preceding sentence,
the Obligor shall be required to pay the Holder $1,000. The Holder shall provide the Obligor written notice indicating the amounts
payable to the Holder in respect of the Buy-In.

 

(c) (i) The
Holder is entitled, at its option, to convert, and sell on the same day, at any time, until payment in full of this Debenture,
all or any part of the principal amount of the Debenture, plus accrued interest, into shares of the Company’s common stock,
no par value per share, at the price per share equal to $0.055 (the “Conversion Price”).

 

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

 

(iii) If
the Obligor, at any time while this Debenture is outstanding, shall issue rights, options or warrants to all holders of Common
Stock (and not to the Holder) entitling them to subscribe for or purchase shares of Common Stock at a price per share less than
the Conversion Price, then the Conversion Price shall be reduced to the price of such issuance. Such adjustment shall be made whenever
such rights or warrants are issued, and shall become effective immediately after the record date for the determination of stockholders
entitled to receive such rights, options or warrants. However, upon the expiration of any such right, option or warrant to purchase
shares of the Common Stock the issuance of which resulted in an adjustment in the Conversion Price pursuant to this Section, if
any such right, option or warrant shall expire and shall not have been exercised, the Conversion Price shall immediately upon such
expiration be recomputed and effective immediately upon such expiration be increased to the price which it would have been (but
reflecting any other adjustments in the Conversion Price made pursuant to the provisions of this Section after the issuance of
such rights or warrants) had the adjustment of the Conversion Price made upon the issuance of such rights, options or warrants
been made on the basis of offering for subscription or purchase only that number of shares of the Common Stock actually purchased
upon the exercise of such rights, options or warrants actually exercised. There will be no adjustments for issuances less than
$0.01.

 

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(iv) 
If the Obligor or any subsidiary thereof, as applicable, at any time while this Debenture is outstanding, shall issue shares of
Common Stock or rights, warrants, options or other securities or debt that are convertible into or exchangeable for shares of Common
Stock (“Common Stock Equivalents”) entitling any Person to acquire shares of Common Stock, at a price per share
less than the Conversion Price (if the holder of the Common Stock or Common Stock Equivalent so issued shall at any time, whether
by operation of purchase price adjustments, reset provisions, floating conversion, exercise or exchange prices or otherwise, or
due to warrants, options or rights per share which is issued in connection with such issuance, be entitled to receive shares of
Common Stock at a price per share which is less than the Conversion Price, such issuance shall be deemed to have occurred for less
than the Conversion Price), then the Conversion Price shall be adjusted to mirror the conversion, exchange or purchase price for
such Common Stock or Common Stock Equivalents (including any reset provisions thereof) at issue. Such adjustment shall be made
whenever such Common Stock or Common Stock Equivalents are issued. The Obligor shall notify the Holder in writing, no later than
one (1) business day following the issuance of any Common Stock or Common Stock Equivalent subject to this Section, indicating
therein the applicable issuance price, or of applicable reset price, exchange price, conversion price and other pricing terms.
No adjustment under this Section shall be made as a result of issuances of Common Stock or Common Stock Equivalents for compensatory
purposes, strategic relationships or acquisitions and no adjustments will be for issuances less than $0.01.

  

(v) If
the Obligor, at any time while this Debenture is outstanding, shall distribute to all holders of Common Stock (and not to the Holder)
evidences of its indebtedness or assets or rights or warrants to subscribe for or purchase any security, then in each such case
the Conversion Price at which this Debenture shall thereafter be convertible shall be determined by multiplying the Conversion
Price in effect immediately prior to the record date fixed for determination of stockholders entitled to receive such distribution
by a fraction of which the denominator shall be the Closing Bid Price determined as of the record date mentioned above, and of
which the numerator shall be such Closing Bid Price on such record date less the then fair market value at such record date of
the portion of such assets or evidence of indebtedness so distributed applicable to one outstanding share of the Common Stock as
determined by the Board of Directors in good faith. In either case the adjustments shall be described in a statement provided to
the Holder of the portion of assets or evidences of indebtedness so distributed or such subscription rights applicable to one share
of Common Stock. Such adjustment shall be made whenever any such distribution is made and shall become effective immediately after
the record date mentioned above.

 

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(vi) In
case of any reclassification of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is converted
into other securities, cash or property, the Holder shall have the right thereafter to, at its option, (A) convert the then outstanding
principal amount, together with all accrued but unpaid interest and any other amounts then owing hereunder in respect of this Debenture
into the shares of stock and other securities, cash and property receivable upon or deemed to be held by holders of the Common
Stock following such reclassification or share exchange, and the Holder of this Debenture shall be entitled upon such event to
receive such amount of securities, cash or property as the shares of the Common Stock of the Obligor into which the then outstanding
principal amount, together with all accrued but unpaid interest and any other amounts then owing hereunder in respect of this Debenture
could have been converted immediately prior to such reclassification or share exchange would have been entitled, or (B) require
the Obligor to prepay the outstanding principal amount of this Debenture, plus all interest and other amounts due and payable thereon.
The entire prepayment price shall be paid in cash. This provision shall similarly apply to successive reclassifications or share
exchanges.

 

(vii) The
Obligor shall maintain a share reserve of not less than one hundred percent (100%) of the shares of Common Stock issuable upon
conversion of this Debenture; and within three (3) Business Days following the receipt by the Obligor of a Holder's notice that
such minimum number of Underlying Shares is not so reserved, the Obligor shall promptly reserve a sufficient number of shares of
Common Stock to comply with such requirement.

 

(viii) All
price calculations under this Section 3 shall be rounded to the nearest $0.001.

 

(ix) Whenever
the Conversion Price is adjusted pursuant to Section 3 hereof, the Obligor shall promptly mail to the Holder a notice setting
forth the Conversion Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment.

  

(x) In
case of any (1) merger or consolidation of the Obligor or any subsidiary of the Obligor with or into another Person, or (2) sale
by the Obligor or any subsidiary of the Obligor of more than one-half of the assets of the Obligor in one or a series of related
transactions, this debenture shall become immediately due and payable.

  

(d) The Obligor covenants
that it will at all times reserve and keep available out of its authorized and unissued shares of Common Stock solely for the purpose
of issuance upon conversion of this Debenture and payment of interest on this Debenture, each as herein provided, free from preemptive
rights or any other actual contingent purchase rights of persons other than the Holder, not less than such number of shares of
the Common Stock as shall (subject to any additional requirements of the Obligor as to reservation of such shares set forth in
this Debenture) be issuable (taking into account the adjustments and restrictions of Sections 2(b) and 3(c)) upon the conversion
of the outstanding principal amount of this Debenture and payment of interest hereunder. The Obligor covenants that all shares
of Common Stock that shall be so issuable shall, upon issue, be duly and validly authorized, issued and fully paid, nonassessable.

    	8

    	 

    

  

(e) Upon
a conversion hereunder the Obligor shall not be required to issue stock certificates representing fractions of shares of the Common
Stock, but may if otherwise permitted, make a cash payment in respect of any final fraction of a share based on the Closing Bid
Price at such time. If the Obligor elects not, or is unable, to make such a cash payment, the Holder shall be entitled to receive,
in lieu of the final fraction of a share, one whole share of Common Stock.

 

(f) The
issuance of certificates for shares of the Common Stock on conversion of this Debenture shall be made without charge to the Holder
thereof for any documentary stamp or similar taxes that may be payable in respect of the issue or delivery of such certificate,
provided that the Obligor shall not be required to pay any tax that may be payable in respect of any transfer involved in the issuance
and delivery of any such certificate upon conversion in a name other than that of the Holder of such Debenture so converted and
the Obligor shall not be required to issue or deliver such certificates unless or until the person or persons requesting the issuance
thereof shall have paid to the Obligor the amount of such tax or shall have established to the satisfaction of the Obligor that
such tax has been paid.

 

(g) Any
notices, consents, waivers or other communications required or permitted to be given under the terms hereof must be in writing
and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile
(provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); or (iii)
one (1) trading day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the
party to receive the same. The addresses and facsimile numbers for such communications shall be:

 

	If to the Company, to:	ID Global Solutions Corporation
	 	160 East Lake Brantley Drive 
	 	Longwood, FL 32779
	 	Attention: Thomas R. Szoke, CEO
	 	Telephone: (407) 951-8640
	 	Facsimile:  
	 	 

	With a copy to:	Fleming PLLC
	 	Attn: Stephen Fleming
	 	49 Front Street, Suite 206
	 	Rockville Centre, NY 11570
	 	Telephone: (516) 833-5034 
	 	Facsimile: (516) 977-1029

 

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If to the Holder, to the address set forth in the
Purchase Agreement.

 

or at such other address and/or
facsimile number and/or to the attention of such other person as the recipient party has specified by written notice given to each
other party three (3) business days prior to the effectiveness of such change. Written confirmation of receipt (i) given by the
recipient of such notice, consent, waiver or other communication, (ii) mechanically or electronically generated by the sender's
facsimile machine containing the time, date, recipient facsimile number and an image of the first page of such transmission or
(iii) provided by a nationally recognized overnight delivery service, shall be rebuttable evidence of personal service, receipt
by facsimile or receipt from a nationally recognized overnight delivery service in accordance with clause (i), (ii) or (iii) above,
respectively.

 

Section
4. Definitions. For the purposes hereof, the following terms shall have the following meanings:

 

“Business
Day” means any day except Saturday, Sunday and any day which shall be a federal legal holiday in the United States or
a day on which banking institutions are authorized or required by law or other government action to close.

 

“Change
of Control Transaction” means the occurrence of (a) an acquisition after the date hereof by an individual or legal entity
or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of effective control (whether through
legal or beneficial ownership of capital stock of the Obligor, by contract or otherwise) of in excess of fifty percent (50%) of
the voting securities of the Obligor (except that the acquisition of voting securities by the Holder shall not constitute a Change
of Control Transaction for purposes hereof), (b) a replacement at one time or over time of more than one-half of the members of
the board of directors of the Obligor which is not approved by a majority of those individuals who are members of the board of
directors on the date hereof (or by those individuals who are serving as members of the board of directors on any date whose nomination
to the board of directors was approved by a majority of the members of the board of directors who are members on the date hereof),
(c) the merger, consolidation or sale of fifty percent (50%) or more of the assets of the Obligor or any subsidiary of the Obligor
in one or a series of related transactions with or into another entity, or (d) the execution by the Obligor of an agreement to
which the Obligor is a party or by which it is bound, providing for any of the events set forth above in (a), (b) or (c).

 

“Commission”
means the Securities and Exchange Commission.

 

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“Common
Stock” means the common stock, no par value, of the Obligor and stock of any other class into which such shares may hereafter
be changed or reclassified.

 

“Conversion
Date” shall mean the date upon which the Holder gives the Obligor notice of their intention to effectuate a conversion
of this Debenture into shares of the Company’s Common Stock as outlined herein.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“Original
Issue Date” shall mean the date of the first issuance of this Debenture regardless of the number of transfers and regardless
of the number of instruments, which may be issued to evidence such Debenture.

 

“Closing
Bid Price” means the price per share in the last reported trade of the Common Stock on the Primary Market or on the exchange
which the Common Stock is then listed as quoted by Bloomberg, LP.

 

“Person”
means a corporation, an association, a partnership, organization, a business, an individual, a government or political subdivision
thereof or a governmental agency.

 

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

 

“Trading
Day” means a day on which the shares of Common Stock are quoted on the Primary Market or the market on which the shares
of Common Stock are then quoted or listed; provided, that in the event that the shares of Common Stock are not listed or quoted,
then Trading Day shall mean a Business Day.

 

“Transaction
Documents” means the Securities Purchase Agreement dated May 13, 2015 between the Obligor and the Holder and any and
all related documents, agreements and instruments thereto and the Security Agreement.

 

“Underlying
Shares” means the shares of Common Stock issuable upon conversion of this Debenture or as payment of interest in accordance
with the terms hereof.

 

Section
5. Except as expressly provided herein, no provision of this Debenture shall alter or impair the obligations of the
Obligor, which are absolute and unconditional, to pay the principal of, interest and other charges (if any) on, this Debenture
at the time, place, and rate, and in the coin or currency, herein prescribed. This Debenture is a direct obligation of the Obligor.
This Debenture ranks pari passu with all other Debentures now or hereafter issued under the terms set forth herein. As long as
this Debenture is outstanding, the Obligor shall not and shall cause their subsidiaries not to, without the consent of the Holder,
(i) amend its certificate of incorporation, bylaws or other charter documents so as to adversely affect any rights of the Holder;
(ii) repay, repurchase or offer to repay, repurchase or otherwise acquire shares of its Common Stock or other equity securities
other than as to the Underlying Shares to the extent permitted or required under the Transaction Documents; or (iii) enter into
any agreement with respect to any of the foregoing.

 

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Section
6. This Debenture shall not entitle the Holder to any of the rights of a stockholder of the Obligor, including without
limitation, the right to vote, to receive dividends and other distributions, or to receive any notice of, or to attend, meetings
of stockholders or any other proceedings of the Obligor, unless and to the extent converted into shares of Common Stock in accordance
with the terms hereof.

 

Section
7. If this Debenture is mutilated, lost, stolen or destroyed, the Obligor shall execute and deliver, in exchange and
substitution for and upon cancellation of the mutilated Debenture, or in lieu of or in substitution for a lost, stolen or destroyed
Debenture, a new Debenture for the principal amount of this Debenture so mutilated, lost, stolen or destroyed but only upon receipt
of evidence of such loss, theft or destruction of such Debenture, and of the ownership hereof, and indemnity, if requested, all
reasonably satisfactory to the Obligor.

 

Section
8. No indebtedness of the Obligor is senior to this Debenture in right of payment, whether with respect to interest,
damages or upon liquidation or dissolution or otherwise. Without the Holder’s consent, the Obligor will not and will not
permit any of their subsidiaries to, directly or indirectly, enter into, create, incur, assume or suffer to exist any indebtedness
of any kind, on or with respect to any of its property or assets now owned or hereafter acquired or any interest therein or any
income or profits there from that is senior in any respect to the obligations of the Obligor under this Debenture.

 

Section
9. This Debenture shall be governed by and construed in accordance with the laws of the State of Florida, without
giving effect to conflicts of laws thereof. Each of the parties consents to the jurisdiction of the Courts of the State of Florida
sitting in Orlando, Florida and the U.S. District Court sitting in Orlando, Florida in connection with any dispute arising
under this Debenture and hereby waives, to the maximum extent permitted by law, any objection, including any objection based on
forum non conveniens to the bringing of any such proceeding in such jurisdictions.

 

Section
10. If the Obligor fails to strictly comply with the terms of this Debenture, then the Obligor shall reimburse the
Holder promptly for all fees, costs and expenses, including, without limitation, attorneys’ fees and expenses incurred by
the Holder in any action in connection with this Debenture, including, without limitation, those incurred: (i) during any workout,
attempted workout, and/or in connection with the rendering of legal advice as to the Holder’s rights, remedies and obligations,
(ii) collecting any sums which become due to the Holder, (iii) defending or prosecuting any proceeding or any counterclaim to any
proceeding or appeal; or (iv) the protection, preservation or enforcement of any rights or remedies of the Holder.

 

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

 

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

 

Section
13. Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such payment
shall be made on the next succeeding Business Day.

 

Section
14. THE PARTIES HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT ANY OF THEM MAY HAVE TO A TRIAL BY
JURY IN RESPECT OF ANY LITIGATION BASED HEREON OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY TRANSACTION
DOCUMENT OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY. THIS PROVISION
IS A MATERIAL INDUCEMENT FOR THE PARTIES’ ACCEPTANCE OF THIS AGREEMENT.

 

[SIGNATURE PAGE FOLLOWS; REMAINDER
OF PAGE INTENTIONLLY BLANK]

 

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IN WITNESS WHEREOF, the
Obligor has caused this Secured Convertible Debenture to be duly executed by a duly authorized officer as of the date set forth
above.

 

	 	ID GLOBAL SOLUTIONS CORPORATION 
	 	 	 
	 	By:	 
	 	 	Name: Thomas R. Szoke
	 	 	Title: Chief Executive Officer

 

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EXHIBIT “A”

 

CONVERSION NOTICE

 

(To be executed by the Holder
in order to Convert the Debenture)

 

TO:

 

The undersigned hereby irrevocably
elects to convert $__________________ of the principal amount of Debenture No. ____ into Shares of Common Stock of ID GLOBAL
SOLUTIONS CORPORATION, according to the conditions stated therein, as of the Conversion Date written below.

 

	Conversion Date:	 
	Amount to be converted:	$        
	Conversion Price:	$        
	Number of shares of 	 
	Common Stock to be issued:	 
	Amount of Debenture	 
	Unconverted:	$         
	 	 
	 	 
	Please issue the shares of Common Stock in the following name and to the following address:
	Issue to:	 
	 	 
	Authorized Signature:	 
	Name:	 
	Title:	 
	Broker DTC Participant 	 
	Code:	 
	Account Number:	 

 

    	15

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