Document:

Exhibit 10.4

 

FIRST COMMUNITY
CORPORATION

2021 OMNIBUS
EQUITY INCENTIVE PLAN

 

RESTRICTED
STOCK AWARD AGREEMENT FOR EXECUTIVES

 

THIS
AGREEMENT (“Agreement”) is entered into as of this [Ÿ] day
of [Ÿ] 20[Ÿ], between First
Community Corporation, a South Carolina corporation (“Company”), and [Ÿ]
(“Grantee”).

Background:

 

A.           On March 16, 2021 the Board of Directors of the Company adopted the First Community Corporation 2021 Omnibus Equity Incentive
Plan (the “Plan”), and on May 19, 2021, the Company’s shareholders approved the Plan at the Company’s
2021 Annual Meeting of Shareholders.

 

B.            The Committee of the Company’s Board of Directors duly approved the grant of restricted shares of the Company’s common
stock, par value $1.00 per share (“Common Stock”), to the Grantee on the terms described in this Agreement,
and in consideration of the issuance of such restricted shares, the Grantee intends to remain in the employ of the Company.

 

NOW,
THEREFORE, as an employment incentive and to encourage stock ownership, and also in consideration of the premises and the mutual
covenants contained herein, the Company and the Grantee agree as follows.

 

1.             RESTRICTED STOCK.

1.1           Grant of Restricted Stock.

(a)
The Company hereby grants to the Grantee [Ÿ] shares of Common Stock (the “Restricted
Stock”), subject to the restrictions described in Paragraph 1.2 of this Agreement. As the restrictions set forth in
Paragraph 1.2 of this Agreement lapse in accordance with the terms of this Agreement as to all or a portion of the Restricted
Stock, such shares shall no longer be considered Restricted Stock for purposes of this Agreement.

(b)
The Company hereby directs that a stock certificate or certificates representing the shares of the Restricted Stock shall be registered
in the name of and issued to the Grantee or that book entries shall be made with respect thereto. Such stock certificate or certificates
or book entries shall be subject to such stop-transfer orders and other restrictions as the Company may deem necessary or advisable
under applicable federal and state securities laws, and the Company may cause legends to be placed on any such certificate or
certificates to make appropriate reference to such restrictions.

(c)
The Company shall not be required to deliver any certificate for shares of Restricted Stock granted under this Plan until all
of the following conditions have been fulfilled:

		(i)	the
                                         admission of such shares to listing on all stock exchanges on which the Common Stock
                                         is then listed (if required);

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		(ii)	the
                                         completion of any registration or other qualification of such shares that the Company
                                         deems necessary or advisable under any federal or state law or under the rulings or regulations
                                         of the U.S. Securities and Exchange Commission or any other governmental regulatory body;
                                         and

		(iii)	the
                                         obtaining of any approval or other clearance from any federal or state governmental agency
                                         or body that the Company determines to be necessary or advisable.

1.2           Restrictions.

(a)
The Grantee shall have all rights and privileges of a shareholder as to the Restricted Stock, including the right to vote, except
that, subject to Paragraph 1.3(b) hereof, the following restrictions shall apply:

		(i)	None
                                         of the Restricted Stock may be sold, transferred, assigned, pledged or otherwise encumbered
                                         or disposed of during the Restricted Period (as defined below) applicable to such shares,
                                         except pursuant to rules adopted by the Company (if any); and

		(ii)	Except
                                         as otherwise provided in this Agreement or the Plan, the Grantee shall, during the
                                         Restricted Period (defined below), have all of the other rights of a shareholder with
                                         respect to outstanding shares of unvested Restricted Stock awarded to the Grantee including,
                                         but not limited to, the right to vote (in person or by proxy) such shares at any meeting
                                         of shareholders of the Company.

(b) Any
attempt to dispose of Restricted Stock in a manner contrary to the restrictions set forth in this Agreement shall be ineffective.

1.3           Restricted Period.

(a)
Unless this Subparagraph 1.3(a) is crossed out and initialed and other substitute provisions are added and initialed in the blank
space on the following page, the restrictions set forth in Paragraph 1.2 shall apply to the shares of Restricted Stock as follows:

		(i)	The
                                         restricted shares will fully vest as of 12:01 AM on [Ÿ].

		(ii)	The
                                         Grantee shall not receive any cash dividends in respect of Restricted Stock with a record
                                         date prior to the vesting date of such restricted shares;

		(iii)	The
                                         employee must hold at least 50% of the shares granted hereunder, whether restricted shares
                                         or unrestricted shares, until equity ownership guidelines, as defined in Subparagraph
                                         1.3(a)(iv), are met;

		(iv)	The
                                         employee equity ownership guideline, which shall include vested and unvested shares of
                                         Common Stock and shares of Common Stock underlying unvested time-based restricted stock
                                         units outstanding, is equal to a minimum of two times their current annual base salary.
                                         Such ownership shall be determined from time to time by multiplying the employee’s
                                         current annual base salary by two and then dividing the product by the price of the Company’s
                                         common stock. The resulting number of shares will remain fixed for such employee until
                                         otherwise updated for changes in annual base salary and/or stock price, at the sole discretion
                                         of the Committee.

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		(v)	Termination
                                         of Employment: If the Grantee’s employment with the Company or any Subsidiary of
                                         the Company is voluntarily or involuntarily terminated for any reason (other than death,
                                         Permanent and Total Disability, or a Change of Control, in each case, the vesting will
                                         be accelerated and all unvested shares of Restricted Stock that have not been previously
                                         forfeited shall be fully vested as of such event, and other than Retirement) prior to
                                         vesting of shares of Restricted Stock granted herein, all shares of Restricted Stock
                                         shall immediately and automatically be forfeited and returned to the Company. Upon Retirement,
                                         vesting will be pro-rated, and the officer will receive a proportion of shares for the
                                         amount of years worked during the vesting period. For example, if the officer retires
                                         at age 65 and had worked three years out of a five-year vesting period, the officer would
                                         receive 60% of the granted shares (and the remainder would not vest and would immediately
                                         and automatically be forfeited and returned to the Company).

Any date
on which such restrictions lapse with respect to applicable shares of Restricted Stock being referred to in this Agreement as
a “Restriction Termination Date,” with the period from issuance of the Restricted Stock to the Restriction Termination
Date with respect to applicable shares of Restricted Stock being referred to in this Agreement as a “Restricted Period.”
Any periods of leave without pay taken by the Grantee prior to an applicable Restriction Termination Date shall not be treated
as credited service for purposes of vesting the stock, and the applicable Restricted Period shall be extended by the length of
such periods of leave unless the Company, in its sole discretion, finds that a waiver of the extension would be in the best interests
of the Company.

For purposes
of this Agreement, “Retirement” shall have the meaning set forth in the Grantee’s employment agreement
with the Company and/or any Subsidiary as of the grant date of the Restricted Stock or, if the Grantee does not have an employment
agreement that defines retirement, shall mean a voluntary termination of employment by the Grantee that occurs upon or after both
(a) the Grantee’s attainment of age 65 and (b) when Grantee’s years of service to the Company and its Subsidiaries
(such years of service determined in accordance with the rules for determining years of service under the Company’s 401(k)
Plan) is at least 10.1

(b)
Notwithstanding Paragraph 1.2, the Committee may, in its sole discretion, when it finds that a waiver would be in the best interests
of the Company, waive in whole or in part any or all remaining restrictions with respect to the Restricted Stock.

 

1
Note to Committee: For purposes of any Restricted Stock award to Tanya A. Butts, the definition of retirement should be
“For purposes of this Agreement, “Retirement” shall have the meaning set forth in the Grantee’s
employment agreement with the Company and/or any Subsidiary as of the grant date of the Restricted Stock or, if the Grantee does
not have an employment agreement that defines retirement, shall mean a voluntary termination of employment by the Grantee that
occurs upon or after both (a) the Grantee’s attainment of age 65 and (b) when Grantee’s years of service to the Company
and its Subsidiaries (such years of service determined in accordance with the rules for determining years of service under the
Company’s 401(k) Plan) is at least 5.”

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1.4           Forfeiture. If the Grantee’s
employment with the Company or any Subsidiary of the Company employing the Grantee on the date of this Agreement shall terminate
for any reason during the Restricted Period with respect to applicable shares of Restricted Stock, all rights of the Grantee to
the then remaining Restricted Stock (and, if applicable, any stock dividends or other stock distributions with respect to such
Restricted Stock) shall terminate and be forfeited (except (i) as provided in Paragraph 1.3(b) or as otherwise determined by the
Company pursuant to Paragraph 1.3(b), or (ii) if the Grantee is then employed by the Company or any Subsidiary of the Company,
in which event this Agreement shall remain in effect until the earlier of a separation from service from the Company or the vesting
date of the Restricted Stock).

1.5          Withholding. Prior to
the receipt of Restricted Stock under this Agreement, the Grantee shall make appropriate arrangements with the Company to provide
for the amount of minimum tax withholding required by law, including without limitation Sections 3102 and 3402 or any successor
section(s) of the Code and applicable state and local income and other tax laws. The Grantee may satisfy any federal, state or
local tax withholding obligation by any of the following means, or by a combination of such means: (a) tendering a cash payment;
(b) authorizing the Company to withhold Shares of Common Stock from the Shares of Common Stock otherwise issuable or deliverable
to the Participant as a result of the vesting of the Restricted Stock; or (c) delivering to the Company previously owned and unencumbered
shares of Common Stock. Unless otherwise approved by the Committee, any withholding taxes in respect of the Restricted Stock shall
be satisfied through the withholding of (including by cancellation of the right to receive) whole vested shares of Common Stock
to which the Grantee is otherwise entitled under this Agreement (provided, however, the Fair Market Value of such Shares withheld
may not exceed the Company’s maximum statutory withholding obligation or, if applicable, such lesser amount as may be necessary
to avoid classification of this award as a liability for financial accounting purposes).

1.6           Conflicts with the Plan. The
Grantee hereby agrees and acknowledges that the Restricted Stock and this Agreement shall be subject to the Plan, which is incorporated
into this Agreement by reference in its entirety. To the extent the terms under this Agreement conflict with the terms of the
Plan, the terms of the Plan shall control. Capitalized terms used but not otherwise defined in this Agreement have the meanings
ascribed to them in the Plan.

 

2.             NOTICES.

All
notices or communications hereunder shall be in writing and addressed as follows:

To
the Company:

First
Community Corporation

5455
Sunset Blvd

Lexington,
South Carolina 29072

Attn:
Corporate Secretary

 

To
the Grantee:

Last
known address of the Grantee as appearing in the Grantee’s personnel records as maintained by the Company.

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3.            ASSIGNMENT.

This
Agreement shall be binding upon and inure to the benefit of the heirs and representatives of the Grantee and the assigns and successors
of the Company, but neither this Agreement nor any rights hereunder shall be assignable or otherwise subject to hypothecation
by the Grantee except as permitted in the Plan.

 

4.             ENTIRE AGREEMENT; AMENDMENT;
TERMINATION.

Except
as provided in Section 1.6 with respect to the Plan, this Agreement represents the entire agreement of the parties with respect
to the subject matter hereof and supersedes all prior written or oral understandings and agreements. Subject to the provisions
of the Plan, this Agreement may be amended or terminated at any time by written agreement of the parties to or as provided herein.
Notwithstanding the previous sentence, the Company reserves the right to amend the terms of this Agreement as may be necessary
or appropriate to avoid adverse tax consequences under Section 409A of the Code or to comply with any requirements under any Company
clawback or recoupment policy regarding incentive compensation (any such policy, including such a policy that may be adopted to
address a specific situation before or after the situation occurs, a “clawback policy”) that may be adopted
by the Company or the Committee and in effect at any time after the date of this Agreement, or “clawback” requirements
under the Sarbanes-Oxley Act of 2002 or the Dodd-Frank Wall Street Reform and Consumer Protection Act to which the Company may
be subject.

 

5.             GOVERNING LAW.

This
Agreement and its validity, interpretation, performance and enforcement shall be governed by the substantive laws of the State
of South Carolina without regard to any rules regarding conflict-of-law or choice-of-law.

 

6.             NO RIGHT TO CONTINUED EMPLOYMENT
OR DIRECTORSHIP; EFFECT ON OTHER PLANS.

This
Agreement shall not, of itself, confer upon the Grantee any right with respect to continuance of employment or directorship by
the Company, nor shall it interfere in any way with the right of the Company to terminate the Grantee’s employment or service
at any time. Income realized by the Grantee pursuant to this Agreement shall not be included in the Grantee’s earnings for
the purpose of any benefit plan of the entity in which the Grantee may be enrolled or for which the Grantee may become eligible
unless otherwise specifically provided for in such plan.

 

*    *    *    *    *

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IN WITNESS HEREOF,
the Company and the Grantee have duly executed this Agreement, as of the date written on the first page of this Agreement.

 

	 	FIRST COMMUNITY CORPORATION
	 	 	 
	 	By:	 
	 	Name:	          
	 	Title:	 
	 	 	 
	 	GRANTEE
	 	 	 
	 	Signature:	 
	 	Name:	 
	 		 

    	6Exhibit
4.1

 

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED
FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM,
THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA
FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

	Principal Amount: $55,000.00	 	Issue Date: February 7, 2022
	Purchase Price: $55,000.00	 	 

 

CONVERTIBLE
PROMISSORY NOTE

 

FOR
VALUE RECEIVED, RAINMAKER WORLDWIDE INC., a Nevada corporation (hereinafter called the “Borrower”), hereby promises
to pay to the order of [___________________], a Virginia limited liability company, or registered assigns (the “Holder”)
the sum of $55,000.00 together with any interest as set forth herein, on February 7, 2023 (the “Maturity Date”), and to pay
interest on the unpaid principal balance hereof at the rate of ten percent (10%)(the “Interest Rate”) per annum from the
date hereof (the “Issue Date”) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment
or otherwise. This Note may not be prepaid in whole or in part except as otherwise explicitly set forth herein. Any amount of principal
or interest on this Note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due
date thereof until the same is paid (“Default Interest”). Interest shall be computed on the basis of a 365 day year and the
actual number of days elapsed. Interest shall commence accruing on the Issue Date but shall not be payable until the Note becomes payable
(whether at Maturity Date or upon acceleration or by prepayment). All payments due hereunder (to the extent not converted into common
stock, $0.001 par value per share (the “Common Stock”) in accordance with the terms hereof) shall be made in lawful money
of the United States of America. All payments shall be made at such address as the Holder shall hereafter give to the Borrower by written
notice made in accordance with the provisions of this Note. Each capitalized term used herein, and not otherwise defined, shall have
the meaning ascribed thereto in that certain Securities Purchase Agreement dated the date hereof, pursuant to which this Note was originally
issued (the “Purchase Agreement”).

 

This
Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive
rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

 

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The
following terms shall apply to this Note:

 

ARTICLE
I. CONVERSION RIGHTS

 

	1.1	Conversion
    Right. The Holder shall have the right from time to time, and at any time during the period beginning on the date which is one
    hundred eighty (180) days following the date of this Note and ending on the later of: (i) the Maturity Date and (ii) the date of
    payment of the Default Amount (as defined in Article III)(the “Conversion Period”), each in respect of the remaining
    outstanding amount of this Note to convert all or any part of the outstanding and unpaid amount of this Note into fully paid and
    non-assessable shares of Common Stock, as such Common Stock exists on the Issue Date, or any shares of capital stock or other securities
    of the Borrower into which such Common Stock shall hereafter be changed or reclassified at the conversion price (the “Conversion
    Price”) determined as provided herein (a “Conversion”); provided, however, that in no event shall
    the Holder be entitled to convert any portion of this Note in excess of that portion of this Note upon conversion of which the sum
    of (1) the number of shares of Common Stock beneficially owned by the Holder and its affiliates (other than shares of Common Stock
    which may be deemed beneficially owned through the ownership of the unconverted portion of the Notes or the unexercised or unconverted
    portion of any other security of the Borrower subject to a limitation on conversion or exercise analogous to the limitations contained
    herein) and (2) the number of shares of Common Stock issuable upon the conversion of the portion of this Note with respect to which
    the determination of this proviso is being made, would result in beneficial ownership by the Holder and its affiliates of more than
    4.99% of the outstanding shares of Common Stock. For purposes of the proviso to the immediately preceding sentence, beneficial ownership
    shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
    and Regulations 13D-G thereunder, except as otherwise provided in clause (1) of such proviso. The beneficial ownership limitations
    on conversion as set forth in the section may NOT be waived by the Holder. The number of shares of Common Stock to be issued
    upon each conversion of this Note shall be determined by dividing the Conversion Amount (as defined below) by the applicable Conversion
    Price then in effect on the date specified in the notice of conversion, in the form attached hereto as Exhibit A (the “Notice
    of Conversion”), delivered to the Borrower by the Holder in accordance with Section 1.4 below; provided that the Notice of
    Conversion is submitted by facsimile or e-mail (or by other means resulting in, or reasonably expected to result in, notice) to the
    Borrower before 6:00 p.m., New York, New York time on such conversion date (the “Conversion Date”); however, if the Notice
    of Conversion is sent after 6:00pm, New York, New York time the Conversion Date shall be the next business day. The term “Conversion
    Amount” means, with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted
    in such conversion plus (2) at the Holder’s option, accrued and unpaid interest, if any, on such principal amount at
    the interest rates provided in this Note to the Conversion Date, plus (3) at the Holder’s option, Default Interest,
    if any, on the amounts referred to in the immediately preceding clauses (1) and/or (2) plus (4) at the Holder’s option,
    any amounts owed to the Holder pursuant to Sections 1.4 hereof.
	 	 
	1.2	Conversion Price.
    The Conversion Price shall equal the Variable Conversion Price (as defined herein)(subject to equitable adjustments for stock splits,
    stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary
    of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The “Variable
    Conversion Price” shall mean 65% multiplied by the Market Price (as defined herein) (representing a discount rate of 35%).
    “Market Price” means the lowest Trading Price (as defined below) for the Common Stock during the ten (10) Trading Day
    period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security
    as of any date, the closing bid price on the OTCQB, OTCQX, Pink Sheets electronic quotation system or applicable trading market (the
    “OTC”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg)
    or, if the OTC is not the principal trading market for such security, the closing bid price of such security on the principal securities
    exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any
    of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink
    sheets”. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading
    Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes
    being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes.
    “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTC, or on the principal
    securities exchange or other securities market on which the Common Stock is then being traded.
	 	 
	1.3	Authorized Shares.
    The Borrower covenants that during the period the conversion right exists, the Borrower will reserve from its authorized and unissued
    Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance of Common Stock upon the full
    conversion of this Note issued pursuant to the Purchase Agreement. The Borrower is required at all times to have authorized and reserved
    five times the number of shares that would be issuable upon full conversion of the Note (assuming that the 4.99% limitation set forth
    in Section 1.1 is not in effect) (based on the respective Conversion Price of the Note (as defined in Section 1.2) in effect from
    time to time, initially 24,886,877 shares)(the “Reserved Amount”). The Reserved Amount shall be increased (or decreased
    with the written consent of the Holder) from time to time in accordance with the Borrower’s obligations hereunder. The Borrower
    represents that upon issuance, such shares will be duly and validly issued, fully paid and non-assessable. In addition, if the Borrower
    shall issue any securities or make any change to its capital structure which would change the number of shares of Common Stock into
    which the Notes shall be convertible at the then current Conversion Price, the Borrower shall at the same time make proper provision
    so that thereafter there shall be a sufficient number of shares of Common Stock authorized and reserved, free from preemptive rights,
    for conversion of the outstanding Note. The Borrower (i) acknowledges that it has irrevocably instructed its transfer agent to issue
    certificates for the Common Stock issuable upon conversion of this Note, and (ii) agrees that its issuance of this Note shall constitute
    full authority to its officers and agents who are charged with the duty of executing stock certificates to execute and issue the
    necessary certificates for shares of Common Stock in accordance with the terms and conditions of this Note.
	 	 
	 	If, at any time the Borrower
    does not maintain the Reserved Amount it will be considered an Event of Default under Section 3.2 of the Note.

 

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	1.4	Method
    of Conversion.

 

	(a)	Mechanics
    of Conversion. As set forth in Section 1.1 hereof, from time to time, and at any time during the period beginning on the date
    which is one hundred eighty (180) days following the date of this Note and ending on the later of: (i) the Maturity Date and (ii)
    the date of payment of the Default Amount, this Note may be converted by the Holder in whole or in part at any time from time to
    time after the Issue Date, by (A) submitting to the Borrower a Notice of Conversion (by facsimile, e-mail or other reasonable means
    of communication dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B) subject to Section 1.4(b),
    surrendering this Note at the principal office of the Borrower (upon payment in full of any amounts owed hereunder).
	 	 
	(b)	Surrender of Note Upon
    Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in accordance with the terms
    hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless the entire unpaid principal amount
    of this Note is so converted. The Holder and the Borrower shall maintain records showing the principal amount so converted and the
    dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Borrower, so as not to require
    physical surrender of this Note upon each such conversion.
	 	 
	(c)	Delivery of Common Stock
    Upon Conversion. Upon receipt by the Borrower from the Holder of a facsimile transmission or e-mail (or other reasonable means
    of communication) of a Notice of Conversion meeting the requirements for conversion as provided in this Section 1.4, the Borrower
    shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder certificates for the Common Stock
    issuable upon such conversion within three (3) business days after such receipt (the “Deadline”) (and, solely in the
    case of conversion of the entire unpaid principal amount hereof, surrender of this Note) in accordance with the terms hereof and
    the Purchase Agreement. Upon receipt by the Borrower of a Notice of Conversion, the Holder shall be deemed to be the holder of record
    of the Common Stock issuable upon such conversion, the outstanding principal amount and the amount of accrued and unpaid interest
    on this Note shall be reduced to reflect such conversion, and, unless the Borrower defaults on its obligations hereunder, all rights
    with respect to the portion of this Note being so converted shall forthwith terminate except the right to receive the Common Stock
    or other securities, cash or other assets, as herein provided, on such conversion. If the Holder shall have given a Notice of Conversion
    as provided herein, the Borrower’s obligation to issue and deliver the certificates for Common Stock shall be absolute and
    unconditional, irrespective of the absence of any action by the Holder to enforce the same, any waiver or consent with respect to
    any provision thereof, the recovery of any judgment against any person or any action to enforce the same, any failure or delay in
    the enforcement of any other obligation of the Borrower to the holder of record, or any setoff, counterclaim, recoupment, limitation
    or termination, or any breach or alleged breach by the Holder of any obligation to the Borrower, and irrespective of any other circumstance
    which might otherwise limit such obligation of the Borrower to the Holder in connection with such conversion.
	 	 
	(d)	Delivery of Common Stock
    by Electronic Transfer. In lieu of delivering physical certificates representing the Common Stock issuable upon conversion, provided
    the Borrower is participating in the Depository Trust Company (“DTC”) Fast Automated Securities Transfer (“FAST”)
    program, upon request of the Holder and its compliance with the provisions set forth herein, the Borrower shall use its best efforts
    to cause its transfer agent to electronically transmit the Common Stock issuable upon conversion to the Holder by crediting the account
    of Holder’s Prime Broker with DTC through its Deposit Withdrawal Agent Commission (“DWAC”) system.

 

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	(e)	Failure
    to Deliver Common Stock Prior to Deadline. Without in any way limiting the Holder’s right to pursue other remedies, including
    actual damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon conversion of this Note
    is not delivered by the Deadline due to the intentional, willful and purposeful action and/or inaction of the Borrower, the Borrower
    shall pay to the Holder $2,000 per day in cash, for each day beyond the Deadline that the Borrower fails to deliver such Common Stock
    (the “Fail to Deliver Fee”); provided; however that the Fail to Deliver Fee shall not be due if the failure is a result
    of a third party (i.e., transfer agent; and not the result of any failure to pay such transfer agent) despite the best efforts of
    the Borrower to effect delivery of such Common Stock. Such cash amount shall be paid to Holder by the fifth day of the month following
    the month in which it has accrued or, at the option of the Holder (by written notice to the Borrower by the first day of the month
    following the month in which it has accrued), shall be added to the principal amount of this Note, in which event interest shall
    accrue thereon in accordance with the terms of this Note and such additional principal amount shall be convertible into Common Stock
    in accordance with the terms of this Note. The Borrower agrees that the right to convert is a valuable right to the Holder. The damages
    resulting from a failure, attempt to frustrate, interference with such conversion right are difficult if not impossible to qualify.
    Accordingly, the parties acknowledge that the liquidated damages provision contained in this Section 1.4(e) are justified.
	 	 
	1.5	Concerning
    the Shares. The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred unless: (i) such
    shares are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer agent shall have
    been furnished with an opinion of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel
    in comparable transactions) to the effect that the shares to be sold or transferred may be sold or transferred pursuant to an exemption
    from such registration (such as Rule 144 or a successor rule) (“Rule 144”); or (iii) such shares are transferred to an
    “affiliate” (as defined in Rule 144) of the Borrower who agrees to sell or otherwise transfer the shares only in accordance
    with this Section 1.5 and who is an Accredited Investor (as defined in the Purchase Agreement).
	 	 
	 	Any
    restrictive legend on certificates representing shares of Common Stock issuable upon conversion of this Note shall be removed and
    the Borrower shall issue to the Holder a new certificate therefore free of any transfer legend if the Borrower or its transfer agent
    shall have received an opinion of counsel from Holder’s counsel, in form, substance and scope customary for opinions of counsel
    in comparable transactions, to the effect that (i) a public sale or transfer of such Common Stock may be made without registration
    under the Act, which opinion shall be accepted by the Company so that the sale or transfer is effected; or (ii) in the case of the
    Common Stock issuable upon conversion of this Note, such security is registered for sale by the Holder under an effective registration
    statement filed under the Act; or otherwise may be sold pursuant to an exemption from registration. In the event that the Company
    does not reasonably accept the opinion of counsel provided by the Holder with respect to the transfer of Securities pursuant to an
    exemption from registration (such as Rule 144), at the Deadline, it will be considered an Event of Default pursuant to Section 3.2
    of the Note.
	 	 
	1.6	Effect
    of Certain Events.
	 	 
	(a)	Effect
    of Merger, Consolidation, Etc. At the option of the Holder, the sale, conveyance or disposition of all or substantially all of
    the assets of the Borrower, the effectuation by the Borrower of a transaction or series of related transactions in which more than
    50% of the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of the Borrower
    with or into any other Person (as defined below) or Persons when the Borrower is not the survivor shall be deemed to be an Event
    of Default (as defined in Article III) pursuant to which the Borrower shall be required to pay to the Holder upon the consummation
    of and as a condition to such transaction an amount equal to the Default Amount (as defined in Article III). “Person”
    shall mean any individual, corporation, limited liability company, partnership, association, trust or other entity or organization.
	 	 
	(b)	Adjustment
    Due to Merger, Consolidation, Etc. If, at any time when this Note is issued and outstanding and prior to conversion of all of
    the Note, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar event,
    as a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares of another
    class or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of all or substantially
    all of the assets of the Borrower other than in connection with a plan of complete liquidation of the Borrower, then the Holder of
    this Note shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon the terms and conditions
    specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion, such stock, securities
    or assets which the Holder would have been entitled to receive in such transaction had this Note been converted in full immediately
    prior to such transaction (without regard to any limitations on conversion set forth herein), and in any such case appropriate provisions
    shall be made with respect to the rights and interests of the Holder of this Note to the end that the provisions hereof (including,
    without limitation, provisions for adjustment of the Conversion Price and of the number of shares issuable upon conversion of the
    Note) shall thereafter be applicable, as nearly as may be practicable in relation to any securities or assets thereafter deliverable
    upon the conversion hereof. The Borrower shall not affect any transaction described in this Section 1.6(b) unless (a) it first gives,
    to the extent practicable, ten (10) days prior written notice (but in any event at least five (5) days prior written notice) of the
    record date of the special meeting of shareholders to approve, or if there is no such record date, the consummation of, such merger,
    consolidation, exchange of shares, recapitalization, reorganization or other similar event or sale of assets (during which time the
    Holder shall be entitled to convert this Note) and (b) the resulting successor or acquiring entity (if not the Borrower) assumes
    by written instrument the obligations of this Note. The above provisions shall similarly apply to successive consolidations, mergers,
    sales, transfers or share exchanges.

 

    	4

    	 

    

 

	(c)	Adjustment
    Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to
    holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution
    to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off))
    (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of
    record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable
    to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares
    of Common Stock on the record date for the determination of shareholders entitled to such Distribution.
	 	 
	1.7	Prepayment.
    Notwithstanding anything to the contrary contained in this Note, at any time during the periods set forth on the table immediately
    following this paragraph (the “Prepayment Periods”) or as otherwise agreed to between the Borrower and the Holder, the
    Borrower shall have the right, exercisable on not more than three (3) Trading Days prior written notice to the Holder of the Note
    to prepay the outstanding Note (principal and accrued interest), in full, in accordance with this Section 1.7. Any notice of prepayment
    hereunder (an “Optional Prepayment Notice”) shall be delivered to the Holder of the Note at its registered addresses
    and shall state: (1) that the Borrower is exercising its right to prepay the Note, and (2) the date of prepayment which shall be
    not more than three (3) Trading Days from the date of the Optional Prepayment Notice. On the date fixed for prepayment (the “Optional
    Prepayment Date”), the Borrower shall make payment of the Optional Prepayment Amount (as defined below) to Holder, or upon
    the direction of the Holder as specified by the Holder in a writing to the Borrower (which shall direction to be sent to Borrower
    by the Holder at least one (1) business day prior to the Optional Prepayment Date). If the Borrower exercises its right to prepay
    the Note, the Borrower shall make payment to the Holder of an amount in cash equal to the percentage (“Prepayment Percentage”)
    as set forth in the table immediately following this paragraph opposite the applicable Prepayment Period, multiplied by the sum of:
    (w) the then outstanding principal amount of this Note plus(x) accrued and unpaid interest on the unpaid principal amount
    of this Note to the Optional Prepayment Date plus (y) Default Interest, if any, on the amounts referred to in clauses (w)
    and (x) plus (z) any amounts owed to the Holder pursuant to Section 1.4 hereof (the “Optional Prepayment Amount”).

 

	Prepayment Period	 	Prepayment Percentage	 
	1. The period beginning on the Issue Date and ending on the date which is sixty (60) days following the Issue Date.	 	 	115	%
	2. The period beginning on the date which is sixty-one (61) days from the Issue Date and ending one hundred twenty (120) days following the Issue Date.	 	 	120	%
	3. The period beginning on the date which is s one hundred twenty-one (121) days from the Issue Date and ending one hundred eighty (180) days following the Issue Date.	 	 	125	%

 

After
the expiration of the Prepayment Periods set forth above, the Borrower may submit an Optional Prepayment Notice to the Holder. Upon receipt
by the Holder of the Optional Prepayment Notice post Prepayment Periods, the prepayment shall be subject to the Holder’s and the
Borrower’s agreement with respect to the applicable Prepayment Percentage.

 

Notwithstanding
anything contained herein to the contrary, the Holder’s conversion rights herein shall not be affected in any way until the Note
is fully paid (funds received by the Holder) pursuant to an Optional Prepayment Notice.

 

ARTICLE
II. CERTAIN COVENANTS

 

2.1
Sale of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s
written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any
consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

 

    	5

    	 

    

 

ARTICLE
III. EVENTS OF DEFAULT

 

If
any of the following events of default (each, an “Event of Default”) shall occur:

 

	3.1	Failure
    to Pay Principal and Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this Note, whether
    at maturity or upon acceleration and such breach continues for a period of five (5) days after written notice from the Holder.
	 	 
	3.2	Conversion
    and the Shares. The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens in writing that it
    will not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance with the
    terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or in certificated form) any
    certificate for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required
    by this Note, the Borrower directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer agent in transferring
    (or issuing) (electronically or in certificated form) any certificate for shares of Common Stock to be issued to the Holder upon
    conversion of or otherwise pursuant to this Note as and when required by this Note, or fails to remove (or directs its transfer agent
    not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive legend (or to withdraw any stop
    transfer instructions in respect thereof) on any certificate for any shares of Common Stock issued to the Holder upon conversion
    of or otherwise pursuant to this Note as and when required by this Note (or makes any written announcement, statement or threat that
    it does not intend to honor the obligations described in this paragraph) and any such failure shall continue uncured (or any written
    announcement, statement or threat not to honor its obligations shall not be rescinded in writing) for three (3) business days after
    the Holder shall have delivered a Notice of Conversion. It is an obligation of the Borrower to remain current in its obligations
    to its transfer agent. It shall be an event of default of this Note, if a conversion of this Note is delayed, hindered or frustrated
    due to a balance owed by the Borrower to its transfer agent. If at the option of the Holder, the Holder advances any funds to the
    Borrower’s transfer agent in order to process a conversion, such advanced funds shall be paid by the Borrower to the Holder
    within forty-eight (48) hours of a demand from the Holder.
	 	 
	3.3	Breach
    of Covenants. The Borrower breaches any material covenant or other material term or condition contained in this Note and any
    collateral documents including but not limited to the Purchase Agreement and such breach continues for a period of twenty (20) days
    after written notice thereof to the Borrower from the Holder.
	 	 
	3.4	Breach
    of Representations and Warranties. Any representation or warranty of the Borrower made herein or in any agreement, statement
    or certificate given in writing pursuant hereto or in connection herewith (including, without limitation, the Purchase Agreement),
    shall be false or misleading in any material respect when made and the breach of which has (or with the passage of time will have)
    a material adverse effect on the rights of the Holder with respect to this Note or the Purchase Agreement.
	 	 
	3.5	Receiver
    or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply for
    or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver
    or trustee shall otherwise be appointed.
	 	 
	3.6	Bankruptcy.
    Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under
    any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the Borrower.
	 	 
	3.7	Delisting
    of Common Stock. The Borrower shall fail to maintain the listing of the Common Stock on at least one of the OTC (which specifically
    includes the quotation platforms maintained by the OTC Markets Group) or an equivalent replacement exchange, the Nasdaq National
    Market, the Nasdaq SmallCap Market, the New York Stock Exchange, or the American Stock Exchange.
	 	 
	3.8	Failure
    to Comply with the Exchange Act. The Borrower shall fail to comply with the reporting requirements of the Exchange Act; and/or
    the Borrower shall cease to be subject to the reporting requirements of the Exchange Act (the filing of a Form 15 with the SEC is
    an immediate Event of Default). During the period beginning on the date of this Note and ending ten (10) days prior to the Conversion
    Period, the Borrower shall have ten (10) days to cure a breach for failure to comply with the reporting requirements of the Exchange
    Act.

 

    	6

    	 

    

 

	3.9	Liquidation.
    Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.
	 	 
	3.10	Cessation
    of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as
    such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern”
    shall not be an admission that the Borrower cannot pay its debts as they become due.
	 	 
	3.11	Financial
    Statement Restatement. The restatement of any financial statements filed by the Borrower with the SEC at any time after 180 days
    after the Issuance Date for any date or period until this Note is no longer outstanding, if the result of such restatement would,
    by comparison to the un-restated financial statement, have constituted a material adverse effect on the rights of the Holder with
    respect to this Note or the Purchase Agreement.
	 	 
	3.12	Replacement
    of Transfer Agent. In the event that the Borrower proposes to replace its transfer agent, the Borrower fails to provide, prior
    to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered
    pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares of Common Stock in the
    Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower.
	 	 
	3.13	Cross-Default.
    Notwithstanding anything to the contrary contained in this Note or the other related or companion documents, a breach or default
    by the Borrower of any covenant or other term or condition contained in any of the Other Agreements, after the passage of all applicable
    notice and cure or grace periods, shall, at the option of the Holder, be considered a default under this Note and the Other Agreements,
    in which event the Holder shall be entitled (but in no event required) to apply all rights and remedies of the Holder under the terms
    of this Note and the Other Agreements by reason of a default under said Other Agreement or hereunder. “Other Agreements”
    means, collectively, all agreements and instruments between, among or by: (1) the Borrower, and, or for the benefit of, (2) the Holder
    and any affiliate of the Holder, including, without limitation, promissory notes; provided, however, the term “Other Agreements”
    shall not include the related or companion documents to this Note. Each of the loan transactions will be cross-defaulted with each
    other loan transaction and with all other existing and future debt of Borrower to the Holder.
	 	 
	 	Upon
the occurrence and during the continuation of any Event of Default specified in Section 3.1 (solely with respect to failure to pay the
principal hereof or interest thereon when due at the Maturity Date), the Note shall become immediately due and payable and the Borrower
shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Default Amount (as defined herein).
UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTION 3.2, THE NOTE SHALL BECOME IMMEDIATELY DUE
AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION OF ITS OBLIGATIONS HEREUNDER, AN AMOUNT EQUAL TO: (Y) THE
DEFAULT AMOUNT (AS DEFINED HEREIN); MULTIPLIED BY (Z) TWO (2). Upon the occurrence and during the continuation of any Event of Default
specified in Sections 3.1 (solely with respect to failure to pay the principal hereof or interest thereon when due on this Note upon
a Trading Market Prepayment Event pursuant to Section 1.7 or upon acceleration), 3.3, 3.4, 3.7, 3.8, 3.10, 3.11, 3.12, 3.13, and/or 3.14
exercisable through the delivery of written notice to the Borrower by such Holders (the “Default Notice”), and upon the occurrence
of an Event of Default specified the remaining sections of Articles III (other than failure to pay the principal hereof or interest thereon
at the Maturity Date specified in Section 3,1 hereof), the Note shall become immediately due and payable and the Borrower shall pay to
the Holder, in full satisfaction of its obligations hereunder, an amount equal to 150% times the sum of (w) the then outstanding
principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the date of
payment (the “Mandatory Prepayment Date”) plus (y) Default Interest, if any, on the amounts referred to in clauses
(w) and/or (x) plus (z) any amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof (the then outstanding principal
amount of this Note to the date of payment plus the amounts referred to in clauses (x), (y) and (z) shall collectively be known
as the “Default Amount”) and all other amounts payable hereunder shall immediately become due and payable, all without demand,
presentment or notice, all of which hereby are expressly waived, together with all costs, including, without limitation, legal fees and
expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies available at law or in equity.

	 	 
	 	If
    the Borrower fails to pay the Default Amount within five (5) business days of written notice that such amount is due and payable,
    then the Holder shall have the right at any time, so long as the Borrower remains in default (and so long and to the extent that
    there are sufficient authorized shares), to require the Borrower, upon written notice, to immediately issue, in lieu of the Default
    Amount, the number of shares of Common Stock of the Borrower equal to the Default Amount divided by the Conversion Price then in
    effect.

 

    	7

    	 

    

 

ARTICLE
IV. MISCELLANEOUS

 

	4.1	Failure
    or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder
    shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other
    or further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative
    to, and not exclusive of, any rights or remedies otherwise available.
	 	 
	4.2	Notices.
    All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
    and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
    receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by
    hand delivery, telegram, facsimile or email, addressed as set forth below or to such other address as such party shall have specified
    most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective
    (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the
    address or number designated below (if delivered on a business day during normal business hours where such notice is to be received),
    or the first business day following such delivery (if delivered other than on a business day during normal business hours where such
    notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid,
    addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications
    shall be:

 

If
to the Borrower, to:

 

RAINMAKER
WORLDWIDE INC.

271
Brock Street

Peterborough,
Ontario, Canada K9H 2P8

Attn:
Michael O’Connor, Chief Executive Officer Email: moconnor@rainmakerww.com

 

If
to the Holder:

 

[_______________ ]_____

 

With
a copy by fax only to (which copy shall not constitute notice):

 

[_______________ ]

 

	4.3	Amendments.
    This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and the Holder. The term
    “Note” and all reference thereto, as used throughout this instrument, shall mean this instrument (and the other Notes
    issued pursuant to the Purchase Agreement) as originally executed, or if later amended or supplemented, then as so amended or supplemented.
	 	 
	4.4	Assignability.
    This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to be the benefit of the Holder and
    its successors and assigns. Each transferee of this Note must be an “accredited investor” (as defined in Rule 501(a)
    of the Securities and Exchange Commission). Notwithstanding anything in this Note to the contrary, this Note may be pledged as collateral
    in connection with a bona fide margin account or other lending arrangement; and may be assigned by the Holder without the
    consent of the Borrower.
	 	 
	4.5	Cost
    of Collection. If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection,
    including reasonable attorneys’ fees.

 

    	8

    	 

    

 

	4.6	Governing
    Law. This Note shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia without regard
    to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated
    by this Note shall be brought only in the Circuit Court of Fairfax County, Virginia or in the Alexandria Division of the United States
    District Court for the Eastern District of Virginia. The parties to this Note hereby irrevocably waive any objection to jurisdiction
    and venue of any action instituted hereunder and shall not assert any objection or defense based on lack of jurisdiction or venue
    or based upon forum non conveniens. The Borrower and Holder waive trial by jury. The Holder shall be entitled to recover from
    the Borrower its reasonable attorney’s fees and costs incurred in connection with or related to any Event of Default by the
    Company, as defined in Article III hereof. In the event that any provision of this Note or any other agreement delivered in connection
    herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative
    to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision
    which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision hereof
    or any agreement delivered in connection herewith. Each party hereby irrevocably waives personal service of process and consents
    to process being served in any suit, action or proceeding in connection with this Note, any agreement or any other document delivered
    in connection with this Note by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery)
    to such party at the address in effect for notices to it under this Note and agrees that such service shall constitute good and sufficient
    service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in
    any other manner permitted by law.
	 	 
	4.7	Purchase
    Agreement. By its acceptance of this Note, each party agrees to be bound by the applicable terms of the Purchase Agreement.
	 	 
	4.8	Remedies.
    The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder, by vitiating
    the intent and purpose of the transaction contemplated hereby. Accordingly, the Borrower acknowledges that the remedy at law for
    a breach of its obligations under this Note will be inadequate and agrees, in the event of a breach or threatened breach by the Borrower
    of the provisions of this Note, that the Holder shall be entitled, in addition to all other available remedies at law or in equity,
    and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach
    of this Note and to enforce specifically the terms and provisions thereof, without the necessity of showing economic loss and without
    any bond or other security being required.

 

IN
WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer this on February 7, 2022

 

RAINMAKER
WORLDWIDE INC.

 

	 	By:		 
	 	 	Michael O’Connor	 
	 	 	Chief Executive Officer	 

 

    	9

    	 

    

 

EXHIBIT
A — NOTICE OF CONVERSION

 

The
undersigned hereby elects to convert $principal amount of the Note (defined below) into that number of shares of Common Stock
to be issued pursuant to the conversion of the Note (“Common Stock”) as set forth below, of RAINMAKER WORLDWIDE INC., a Nevada
corporation (the “Borrower”) according to the conditions of the convertible note of the Borrower dated as of February 7,
2022 (the “Note”), as of the date written below. No fee will be charged to the Holder for any conversion, except for transfer
taxes, if any.

 

Box
Checked as to applicable instructions:

 

[  ] The Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the undersigned
or its nominee with DTC through its Deposit Withdrawal Agent At Custodian (“DWAC Transfer”).

 

Name
of DTC Prime Broker:

Account
Number:

 

[  ] The undersigned hereby requests that the Borrower issue a certificate or certificates for the number of shares of Common Stock set
forth below (which numbers are based on the Holder’s calculation attached hereto) in the name(s) specified immediately below or,
if additional space is necessary, on an attachment hereto:

 

	Date of conversion:	 	 
	Applicable Conversion Price:	$	 
	Number of shares of common stock to be issued	 	 
	pursuant to conversion of the Notes:	 	 
	Amount of Principal Balance due remaining	 	 
	under the Note after this conversion:	 	 

 

	 	 
	 	 	 
	By:	 	 
	Name: 	 	 
	Title: 	 	 
	Date:

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