SEC Contract Filing

Filing Date: 2018-12-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.67
<SEQUENCE>5
<FILENAME>s114501_ex10-67.htm
<DESCRIPTION>EXHIBIT 10.67
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.67</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>IP
Security Agreement</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B><U>Grant
of Security Interest Agreement</U></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B><U>in
United States Patents and Trademarks</U></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOR
GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, Gopher Protocol Inc., a Nevada
corporation (&ldquo;<B>Grantor</B>&rdquo;), having its place of business at 2500 Broadway, Suite F-125, Santa Monica, CA 90404,
hereby grants to Discover Growth Fund, LLC, a U.S. Virgin Islands limited liability company (&ldquo;<B>Grantee</B>&rdquo;), having
its place of business at 5330 Yacht Haven Grande, Suite 206, St. Thomas, VI 00802, a security interest in all of the Grantor&rsquo;s
right, title and interest in, to and under the following (all of the following items or types of property being herein collectively
referred to as the &ldquo;<B>Patent and Trademark Collateral</B>&rdquo;), whether presently existing or hereafter arising or acquired:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)
each United States patent and patent application, including each patent and patent application referred to on <U>Schedule A</U>
hereto;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)
each United States trademark, trademark registration and trademark application, and all of the goodwill of the business connected
with the use of, and symbolized by, each trademark, trademark registration and trademark application, including each trademark,
trademark registration and trademark application referred to in <U>Schedule B</U> hereto;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)
all products and proceeds of the foregoing, including any claim by the Grantor against third parties for past, present or future
infringement of any Patent, or past, present or future infringement or dilution of any trademark or trademark registration, including
any patent or trademark listed on <U>Schedule A</U> or <U>Schedule B</U> hereto, or for injury to the goodwill associated with
any trademark or trademark registration.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
GRANT is granted pursuant to the security interests granted to the Grantee in the Securities Purchase Agreement between the Grantor
and the Grantee dated December 3, 2018, as amended, modified or supplemented from time to time (the &ldquo;<B>Purchase Agreement</B>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
GRANT has been granted in conjunction with the security interest granted to the Grantee under the Purchase Agreement. The rights
and remedies of the Grantee with respect to the security interest granted herein are without prejudice to, and are in addition
to those set forth in the Purchase Agreement, all terms and provisions of which are incorporated herein by reference as though
set forth in full herein. In the event that any provisions of this Grant of Security Interest Agreement are deemed to conflict
with the Purchase Agreement, the provisions of the Purchase Agreement shall govern.</FONT></P>

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