SEC Contract Filing

Filing Date: 2016-01-26

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<TYPE>EX-10.D
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<FILENAME>ex10-d.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITY
AGREEMENT</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
SECURITY AGREEMENT, dated as of November 30, 2015 and made effective as of December 31, 2015 (as amended, restated or modified
from time, the &ldquo;<B><U>Security Agreement</U></B>&rdquo;), is executed by and between <B>BITZIO, INC.</B>, a corporation
incorporated under the laws of the State of Nevada (the &ldquo;<B><U>Grantor</U></B>&rdquo;), and <B>TCA GLOBAL CREDIT MASTER
FUND, LP</B>, a limited partnership organized and existing under the laws of the Cayman Islands (the &ldquo;<B><U>Secured Party</U></B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; vertical-align: baseline">R
E C I T A L S</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
the Grantor has entered into a senior secured revolving credit facility agreement, dated as of November 30, 2015 and made effective
as of the date hereof (as amended, restated or modified from time to time, the &ldquo;<B><U>Credit Agreement</U></B>&rdquo;),
by and among the Grantor, as borrower, additional Credit Parties, as joint and several guarantors, and the Secured Party, as lender,
pursuant to which the Secured Party shall advance an aggregate principal amount of up to Five Million and No/100 United States
Dollars (US$5,000,000) (the &ldquo;<B><U>Loan</U></B>&rdquo;), which Loan is further evidenced by a revolving promissory note
given by the Grantor in favor of the Secured Party (as may be amended, restated or modified from time to time, the &ldquo;<B><U>Note</U></B>&rdquo;);</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
in order to induce the Secured Party to make the Loan, and with full knowledge that the Secured Party would not make the Loan
without this Security Agreement, the Grantor has agreed to execute and deliver this Security Agreement to the Secured Party, for
the benefit of the Secured Party; and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW,
THEREFORE, in consideration of the credit extended now and in the future by Secured Party to the Grantor and for other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, Grantor and Secured Party hereby agree as follows:</FONT></P>

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G R E E M E N T S:</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section
1 DEFINITIONS.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1
<U>Defined Terms</U>. Capitalized terms used but not otherwise defined in this Security Agreement shall have the meanings ascribed
to them in the Credit Agreement. For the purposes of this Security Agreement, the following capitalized words and phrases shall
have the meanings set forth below.</FONT></P>

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