Document:

NEITHER THE ISSUANCE AND SALE OF THE SECURITIES
REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE 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 (I) 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 OR (II) UNLESS SOLD PURSUANT TO RULE 144 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.

 

	 	Issuance Date: _______________, 2016

 

HISPANICA
INTERNATIONAL DELIGHTS OF AMERICA, INC.

Common Stock
Purchase Warrant

 

THIS CERTIFIES
THAT, for value received, [___] (the “Holder”), is entitled to subscribe for and purchase, at the
Exercise Price (as defined below), from Hispanica International Delights, Inc. , a Delaware corporation (the “Company”),
shares of the Company’s common stock, par value $0.001 (the “Common Stock”), at any time prior to the
5:00 p.m., Eastern time, on ___________, 2021 (the “Warrant Exercise Term”).

This Warrant is issued
in connection and subject to, the terms and conditions described in the Securities Purchase Agreement, dated ______________, 2016,
between the initial Holder and the Company (the “Agreement”). Capitalized terms used herein and not otherwise
defined shall have the definitions ascribed to such terms in the Agreement. As used herein, the term “Trading Day”
means any day that shares of Common Stock are listed for trading or quotation on the OTCBB (as defined in the Agreement), any tier
of the NASDAQ Stock Market, the New York Stock Exchange or the NYSE MKT (the “Trading Market”).

 

This Warrant is subject
to the following terms and conditions:

 

1.Shares.
The Holder has, subject to the terms set forth herein, the right to purchase up to an aggregate of ___________________________
shares (the “Shares”) of Common Stock at a per share exercise price of $0.85 (as subject to adjustment as provided
for herein, the “Exercise Price”).

2.Exercise
of Warrant.

(a)Exercise.
This Warrant may be exercised by the Holder at any time prior to the expiration of the Warrant Exercise Term, in whole or in part,
by delivering the notice of exercise attached as Exhibit A hereto (the “Notice of Exercise”), duly executed
by the Holder to the Company by sending such by electronic mail (“e-mail”) to both foleonzo@hidaince.com with copy
to ___________________. Within one (1) Trading Day following the date of exercised as aforesaid, the Holder shall deliver the aggregate
Exercise Price (“Purchase Price”) for the shares specified in the applicable Notice of Exercise by wire transfer
or cashier’s check drawn on a United States bank unless the cashless exercise procedure specified in Section 1(g) below is
specified in the applicable Notice of Exercise. For purposes hereof, “Exercise Date” shall mean the date on
which all deliveries required to be made to the Company upon exercise of this Warrant pursuant to this Section 2(a) shall have
been made. No ink-orignal Notice of Exercise nor a medallion guarantee (or other type of gurantee or notarization) shall be required
for Exercise.

(b)Issuance
of Shares. Upon receipt by the Company from the Holder of a facsimile transmission or e-mail (or other reasonable means of
communication) followed by a telephonic confirmation to its CEO or CFO, of a Notice of Exercise, and receipt confirmation of applicable
funds, the Company shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder certificates
for the Shares (or cause the electronic delivery of the Shares as contemplated by Section 2(d) hereof) within three (3) Trading
Days after such receipt (the “Deadline).

(c) [RESERVED]

(d)
Delivery of Shares by Electronic Transfer. In lieu of delivering physical certificates representing the Shares
issuable upon exercise hereof, provided the Company is participating in the Depository Trust Company (“DTC”)
Fast Automated Securities Transfer program, upon request of the Holder, the Company shall use its best efforts to cause its transfer
agent to electronically transmit the Share issuable upon exercise hereof to the Holder by crediting the account of Holder’s
Prime Broker with DTC through its Deposit Withdrawal Agent Commission system.

(e)Taxes.
The issuance of the Shares upon the exercise of this Warrant, and the delivery of certificates or other instruments representing
such Shares, shall be made without charge to the Holder for any tax if applicable, and the Holder shall bear any such taxes in
respect of such issuance if needed.

(f)Limitation
on Beneficial Ownership. The Company shall not effect any exercise of this Warrant, and a
Holder shall not have the right to exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that
after giving effect to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder (together with
the Holder’s Affiliates, and any other Persons acting as a group together with the Holder or any of the Holder’s Affiliates
(such Persons, “Attribution Parties”)), would beneficially own in excess of the Beneficial Ownership Limitation (as
defined below). For purposes of the foregoing sentence, the number of Common Shares beneficially owned by the Holder and its Affiliates
and Attribution Parties shall include the number of Common Shares issuable upon exercise of this Warrant with respect to which
such determination is being made, but shall exclude the number of Common Shares which would be issuable upon (i) exercise of the
remaining, nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates or Attribution Parties
and (ii) exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company (including, without
limitation, any other Common Share Equivalents) subject to a limitation on conversion or exercise analogous to the limitation contained
herein beneficially owned by the Holder or any of its Affiliates or Attribution Parties. Except as set forth in the preceding sentence,
for purposes of this Section 1(f), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act
and the rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Company is not representing
to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible
for any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this Section 1(f)
applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together
with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall be in the sole discretion
of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination of whether this
Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties)
and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company
shall have no obligation to verify or confirm the accuracy of such determination and shall have no liability for exercises of the
Warrant that are not in compliance with the Beneficial Ownership Limitation (other than to the extent that information on the number
of outstanding Common Shares of the Company is provided by the Company and relied upon by the Holders). In addition, a determination
as to any group status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules
and regulations promulgated thereunder and the Company shall have no obligation to verify or confirm the accuracy of such determination
and shall have no liability for exercises of the Warrant that are not in compliance with the Beneficial Ownership Limitation. For
purposes of this Section 2(e), in determining the number of outstanding Common Shares, a Holder may rely on the number of outstanding
Common Shares as reflected in (A) the Company’s most recent periodic or annual report filed with the Commission, as the case
may be, (B) a more recent public announcement by the Company or (C) a more recent written notice by the Company or the Transfer
Agent setting forth the number of Common Shares outstanding. Upon the written or oral request of a Holder, the Company shall within
two Trading Days confirm orally and in writing to the Holder the number of Common Shares then outstanding. In any case, the number
of outstanding Common Shares shall be determined after giving effect to the conversion or exercise of securities of the Company,
including this Warrant, by the Holder or its Affiliates or Attribution Parties since the date as of which such number of outstanding
Common Shares was reported. The “Beneficial Ownership Limitation” shall not exceed 4.99% of the number of the Common
Shares outstanding immediately after giving effect to the issuance of Common Shares issuable upon exercise of this Warrant. The
Holder may increase or decrease the Beneficial Ownership Limitation provisions of this Section12(f), provided that the Beneficial
Ownership Limitation in no event exceeds 9.99% of the number of the Common Shares outstanding immediately after giving effect to
the issuance of Common Shares upon exercise of this Warrant held by the Holder and the provisions of this Section 1(f) shall continue
to apply. Any such increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is
delivered to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict
conformity with the terms of this Section 1(f) to correct this paragraph (or any portion hereof) which may be defective or inconsistent
with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable to
properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this
Warrant.

(g)Cashless
Exercise. Notwithstanding anything contained herein to the contrary, if and only if a registration statement pursuant to the
1933 Act covering the resale of all or any portion of the Warrant Shares is not available for the resale of such Warrant Shares
(such unregistered portion of the Warrant Shares, the “Unavailable Warrant Shares”), the Holder may, in its
sole discretion may exercise this Warrant solely with respect to the Unavailable Warrant Shares and, in lieu of making the cash
payment otherwise contemplated to be made to the Company upon such exercise in payment of the aggregate Exercise Price for such
Unavailable Warrant Shares, elect instead to receive upon such exercise the “Net Number” of shares of Common Stock
determined according to the following formula (a “Cashless Exercise”):

X =Y
(A - B)

 A

with:

X = the number
of Warrant Shares to be issued to the Holder

Y =the number
of Unavailable Warrant Shares with respect to which the Warrant is being exercised

A =the fair value
per share of Common Stock on the date of exercise of this Warrant

B =the then-current
Exercise Price of the Warrant

Solely for the purposes
of this paragraph, “fair value” per share of Common Stock shall mean (A) the last VWAP immediately preceding the time
of delivery of the Notice of Exercise giving rise to the applicable “cashless exercise”, as set forth in the applicable
Notice of Exercise (to clarify, the “last VWAP” will be the last VWAP as calculated over an entire Trading Day such
that, in the event that this Warrant is exercised at a time that the Trading Market is open, the prior Trading Day’s VWAP
shall be used in this calculation);, or (B) if the Common Stock is not publicly traded as set forth above, as reasonably and in
good faith determined by the Board of Directors of the Company as of the date which the Notice of Exercise is deemed to have been
sent to the Company.

“VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Shares are then
listed or quoted on a Trading Market, the daily volume weighted average price of the Common Shares for such date (or the nearest
preceding date) on the Trading Market on which the Common Shares are then listed or quoted as reported by Bloomberg L.P. (based
on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading
Market, the volume weighted average price of the Common Shares for such date (or the nearest preceding date) on OTCQB or OTCQX
as applicable, (c) if the Common Shares are not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common
Shares are then reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar organization or agency
succeeding to its functions of reporting prices), the most recent bid price per share of the Common Shares so reported, or (d)
in all other cases, the fair market value of a share of Common Shares as determined by an independent appraiser selected in good
faith by the Purchasers of a majority in interest of the Securities then outstanding and reasonably acceptable to the Company,
the fees and expenses of which shall be paid by the Company.

For purposes of Rule
144 promulgated under the 1933 Act, it is intended, understood and acknowledged that the Warrant Shares issued in a Cashless Exercise
transaction shall be deemed to have been acquired by the Holder, and the holding period for such shares shall be deemed to have
commenced, on the date this Warrant was originally issued.

3.Adjustment
of Exercise Price and Other Events.

(a)Fundamental Transactions.
The Company shall not enter into or be party to a Fundamental Transaction unless the entity succeeding to the Company (the “Successor
Entity”) assumes in writing all of the obligations of the Company under this Warrant and the Agreement pursuant to written
agreements in form and substance. Upon occurrence or consummation of the Fundamental Transaction, and it shall be a required condition
to the occurrence or consummation of such Fundamental Transaction that, the Company and the Successor Entity shall deliver to the
Holder confirmation that there shall be issued upon exercise of this Warrant at any time after the occurrence or consummation of
the Fundamental Transaction, as elected by the Company and Successor Entity solely at their option, shares of Common Stock, shares
of capital stock of the Successor Entity (“Successor Capital Stock”)

 

(b)As used herein, the
term “Fundamental Transaction” means (A) that the Company shall, directly or indirectly, including through subsidiaries,
Affiliates or otherwise, in one or more related transactions, (i) consolidate or merge with or into (whether or not the Company
is the surviving corporation) another entity, or (ii) sell, assign, transfer, convey or otherwise dispose of all or substantially
all of the properties or assets of the Company to one or more entities, or (iii) make, or allow one or more entities to make, or
allow the Company to be subject to or have its Common Stock be subject to or party to one or more entities making, a purchase,
tender or exchange offer that is accepted by the holders of at least either (x) 50% of the outstanding shares of Common Stock,
(y) 50% of the outstanding shares of Common Stock calculated as if any shares of Common Stock held by all entities making or party
to, or affiliated with any entities making or party to, such purchase, tender or exchange offer were not outstanding; or (z) such
number of shares of Common Stock such that all entities making or party to, or Affiliated with any entity making or party to, such
purchase, tender or exchange offer, become collectively the beneficial owners (as defined in Rule 13d-3 under the 1934 Act) of
at least 50% of the outstanding shares of Common Stock, or (iv) consummate a stock purchase agreement or other business combination
(including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with one or more entities
whereby all such entities, individually or in the aggregate, acquire, either (x) at least 50% of the outstanding shares of Common
Stock, (y) at least 50% of the outstanding shares of Common Stock calculated as if any shares of Common Stock held by all the entities
making or party to, or affiliated with any entity making or party to, such stock purchase agreement or other business combination
were not outstanding; or (z) such number of shares of Common Stock such that the entities become collectively the beneficial owners
(as defined in Rule 13d-3 under the 1934 Act) of at least 50% of the outstanding shares of Common Stock, or (v) reorganize, recapitalize
or reclassify its Common Stock such that such modified Common Stock no longer has the residual right to dividends or distributions
form the Company or the residual right to vote on matters given to the common stock holders under Nevada law, (B) that the Company
shall, directly or indirectly, including through subsidiaries, affiliates or otherwise, in one or more related transactions, allow
any entity individually or entities in the aggregate to be or become the "beneficial owner" (as defined in Rule 13d-3
under the 1934 Act), directly or indirectly, whether through acquisition, purchase, assignment, conveyance, tender, tender offer,
exchange, reduction in outstanding shares of Common Stock, merger, consolidation, business combination, reorganization, recapitalization,
spin-off, scheme of arrangement, reorganization, recapitalization or reclassification or otherwise in any manner whatsoever, of
either (x) at least 50% of the aggregate ordinary voting power represented by issued and outstanding Common Stock, (y) at least
50% of the aggregate ordinary voting power represented by issued and outstanding Common Stock not held by all such entities as
of the date of this Warrant calculated as if any shares of Common Stock held by all such entities were not outstanding, or (z)
a percentage of the aggregate ordinary voting power represented by issued and outstanding shares of Common Stock or other equity
securities of the Company sufficient to allow such entities to effect a statutory short form merger or other transaction requiring
other stockholders of the Company to surrender their shares of Common Stock without approval of the stockholders of the Company
or (C) directly or indirectly, including through subsidiaries, affiliates or otherwise, in one or more related transactions, the
issuance of or the entering into any other instrument or transaction structured in a manner to circumvent, or that circumvents,
the intent of this definition in which case this definition shall be construed and implemented in a manner otherwise than in strict
conformity with the terms of this definition to the extent necessary to correct this definition or any portion of this definition
which may be defective or inconsistent with the intended treatment of such instrument or transaction.

 

(c)Notice of Adjustments.
Upon any adjustment of the Exercise Price and any increase or decrease in the number of Shares purchasable upon the exercise of
this Warrant, then, and in each such case, the Company, within 30 business days thereafter, shall give written notice thereof to
the Holder at the address of such Holder as shown on the books of the Company, which notice shall state the Exercise Price as adjusted
and, if applicable, the increased or decreased number of Shares purchasable upon the exercise of this Warrant, setting forth in
reasonable detail the method of calculation of each.

 

4.Notices.
Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be undertaken in accordance
with the provisions of Section 8(f) of the Agreement.

5.Removal
of Legend. The Holder shall have the right to cause restrictive legends removed from the Shares as provided for in the Agreement.

6.Fractional
Shares. No fractional Shares will be issued in connection with any exercise hereunder. Instead, the Company shall round up,
as nearly as practicable to the nearest whole Share, the number of Shares to be issued.

7.Rights
of Stockholder. Except as expressly provided in Section 3 hereof, the Holder, as such, shall not be entitled to vote or receive
dividends or be deemed the holder of the Shares or any other securities of the Company that may at any time be issuable on the
exercise hereof for any purpose, nor shall anything contained herein be construed to confer upon the Holder, as such, any of the
rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders
at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of
stock, reclassification of stock, change of par value, consolidation, merger, conveyance, or otherwise) or to receive notice of
meetings, or otherwise until this Warrant shall have been exercised.

(a) Upon
delivery of the Notice of Exercise the Holder shall be deemed for all corporate purposes to have become the holder of record of
the Warrant Shares with respect to which this Warrant has been exercised, irrespective of the date of delivery of the Warrant Shares;
provided payment of the aggregate Exercise Price (other than in the case of a Cashless Exercise) is received within three Trading
Days of delivery of the Notice of Exercise. If the Company fails for any reason under their direct control to deliver to the Holder
the Warrant Shares subject to a Notice of Exercise by the Warrant Share Delivery Date, the Company shall pay to the Holder, in
cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant Shares subject to such exercise (based on the VWAP
of the Common Stock on the date of the applicable Notice of Exercise), $10 per Trading Day (increasing to $20 per Trading Day on
the fifth Trading Day after such liquidated damages begin to accrue) for each Trading Day after such Warrant Share Delivery Date
until such Warrant Shares are delivered or Holder rescinds such exercise. The Company agrees to maintain a transfer agent that
is a participant in the FAST program so long as this Warrant remains outstanding and exercisable.

(b)In addition
to any other rights available to the Holder, if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant
Shares in accordance with the provisions of Section 7(a) above pursuant to an exercise on or before the Warrant Share Delivery
Date, and if after such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) or the
Holder’s brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of
the Warrant Shares which the Holder anticipated receiving upon such exercise (a “Buy-In”), then the Company shall (A)
pay in cash to the Holder the amount, if any, by which (x) the Holder’s total purchase price (including brokerage commissions,
if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares
that the Company was required to deliver to the Holder in connection with the exercise at issue times (2) the price at which the
sell order giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion
of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall
be deemed rescinded) or deliver to the Holder the number of shares of Common Stock that would have been issued had the Company
timely complied with its exercise and delivery obligations hereunder. 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 exercise of shares of Common Stock with an aggregate
sale price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company
shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable
to the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall
limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation,
a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver shares
of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.

8.Transfer;
Multiple Warrants; Lost Warrant; New Warrants. This Warrant and the Shares may be offered for sale, sold, transferred, pledged
or assigned without the consent of the Company, provided that any such offer, sale, transfer, pledge or assignment must be undertaken
in accordance with applicable law, rule and regulation (including the 1933 Act). This Warrant is exchangeable, upon the surrender
hereof by the Holder at the principal office of the Company, for a new Warrant or Warrants representing in the aggregate the right
to purchase the number of Shares then underlying this Warrant, and each such new Warrant will represent the right to purchase such
portion of such Shares as is designated by the Holder at the time of such surrender. Upon receipt by the Company of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant, and, in the case of loss, theft or destruction,
of any indemnification undertaking by the Holder to the Company in customary form and, in the case of mutilation, upon surrender
and cancellation of this Warrant, the Company shall execute and deliver to the Holder at he Holder’s cost a new Warrant representing
the right to purchase the Warrant Shares then underlying this Warrant. Whenever the Company is required to issue a new Warrant
pursuant to the terms of this Warrant, such new Warrant (i) shall be of like tenor with this Warrant, (ii) shall represent, as
indicated on the face of such new Warrant, the right to purchase the Shares then underlying this Warrant (or in the case of a new
Warrant being issued pursuant to this Section 8, the Shares designated by the Holder which, when added to the number of shares
of Common Stock underlying the other new Warrants issued in connection with such issuance, does not exceed the number of Shares
then underlying this Warrant), (iii) shall have an issuance date, as indicated on the face of such new Warrant which is the same
as the Issuance Date, and (iv) shall have the same rights and conditions as this Warrant.

9.Miscellaneous.

(a)This
Warrant and disputes arising hereunder shall be governed by and construed and enforced in accordance with the laws of the State
of New York applicable to agreements made and to be performed wholly within such State, without regard to its conflict of law rules.
Venue for resolution of disptutes shall be as provided for in the Agreement.

(b)The headings
in this Warrant are for purposes of reference only, and shall not limit or otherwise affect any of the terms hereof.

(c)The covenants
of the respective parties contained herein shall survive the execution and delivery of this Warrant.

(d)The terms
of this Warrant shall be binding upon and shall inure to the benefit of any successors or permitted assigns of the Company and
of the Holder and of the Shares issued or issuable upon the exercise hereof.

(e)This
Warrant and the other documents delivered pursuant hereto constitute the full and entire understanding and agreement between the
parties with regard to the subject hereof.

(f)The Company
shall not, by amendment of its Certificate or Articles of Incorporation or Bylaws, or through any other means, directly or indirectly,
avoid or seek to avoid the observance or performance of any of the terms of this Warrant and shall at all times in good faith assist
in the carrying out of all such terms and in the taking of all such action as may be necessary or appropriate in order to protect
the rights of the Holder contained herein against impairment.

(g)Upon
receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant and, in
the case of any such loss, theft or destruction, upon delivery of an indemnity agreement reasonably satisfactory in form and amount
to the Company, or, in the case of any such mutilation, upon surrender and cancellation of such Warrant, the Company, at the Holder’s
expense, will execute and deliver to the Holder, in lieu thereof, a new Warrant of like date and tenor.

(h)This
Warrant and any provision hereof may be amended, waived or terminated only by an instrument in writing signed by the Company and
the Holder.

IN WITNESS WHEREOF,
the Company has caused this Warrant to be signed by its duly authorized officer.

 

HISPANICA
INTERNATIONAL DELIGHTS OF AMERICA, INC.

 

By:
___________________________________________________

Name: Fernando Oswaldo
Leonzo

Title: Chief Executive
Officer

 

     

     

    

Exhibit A

 

EXERCISE NOTICE

TO BE EXECUTED BY THE REGISTERED HOLDER TO
EXERCISE THIS

WARRANT TO PURCHASE COMMON STOCK

 

HISPANICA
INTERNATIONAL DELIGHTS OF AMERICA, INC.

The undersigned holder hereby
exercises the right to purchase _________________ of the shares of Common Stock ("Warrant Shares") of HISPANICA
INTERNATIONAL DELIGHTS OF AMERICA, INC.

a Delaware corporation
(the "Company"), evidenced by the attached Common Stock Purchase Warrant (the "Warrant"). Capitalized
terms used herein and not otherwise defined shall have the respective meanings set forth in the Warrant.

 

The holder shall tender
payment for such shares of Common Stock in the sum of $___________________ to the Company in accordance with the terms of the Warrant.

 

The Company shall deliver
to the holder __________ Warrant Shares:

 

______in certificated form

 

_____through the facilities of the
DTC via the following instructions:

 

________________________________

________________________________

________________________________

 

 

Date: ____________________

 

 

 ____________________ 

Name of Registered Holder

 

 

By:  _______________________

Name:

Title:

 

     

     

    

Exhibit B

 

FORM OF ASSIGNMENT

 

FOR VALUE RECEIVED, ___________________________________
hereby sells, assigns and transfers to each assignee set forth below all of the rights of the undersigned under the Warrant (as
defined in and evidenced by the attached Warrant) to acquire the number of Shares set opposite the name of such assignee below
and in and to the foregoing Warrant with respect to said acquisition rights and the shares issuable upon exercise of the Warrant:

 

	Name of Assignee	Address	Number of Shares
	
         

         
	 	 
	
         

         
	 	 
	
         

         
	 	 
	
         

         
	 	 

 

If the total of the Shares
are not all of the Shares evidenced by the foregoing Warrant, the undersigned requests that a new Warrant evidencing the right
to acquire the Shares not so assigned be issued in the name of and delivered to the undersigned.

 

 

Name of Holder (print):
________________________

(Signature): ___________________________________

(By:) _________________________________________

(Title:) ________________________________________

Dated: ________________________________________REGISTRATION RIGHTS AGREEMENT

 

This REGISTRATION
RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of July 25, 2016, by and between HISPANICA
INTERNATIONAL DELIGHTS OF AMERICA INC., a Delaware corporation, with headquarters located at 575 Lexington Ave., 4th
Floor, New York, NY 10022(the “Company”), and [___], a limited liability company, with its address at190
Elgin Avenue George Town Grand Cayman (the “Buyer”).

 

This Agreement is
being entered into pursuant to the Securities Purchase Agreement, dated as of the date hereof, between the Company and the Buyer
(the “Purchase Agreement”).

 

The Company and
the Buyer hereby agrees as follows:

 

1.  Definitions.
In addition to the other capitalized terms used and defined elsewhere herein, as used in this Agreement, the following terms shall
have the following meanings:

 

“Commission”
means the Securities and Exchange Commission.

 

“Common
Stock” means the shares of Common Stock, $0.001 par value per share of the Company.

 

“Conversion
Shares” means the shares of Common Stock underlying the Note.

 

“Conversion
Share Amount” means a number of Conversion Shares equal to 1,100,000, which amount represents an agreed to, good faith
estimate of the number of Conversion Shares to be included as Registrable Securities hereunder.

 

“Effectiveness
Date” means, (a) with respect to the Initial Registration Statement required to be filed hereunder, the 60th
calendar day following the Closing Date (or, if the Initial Registration Statement is reviewed by the Commission, the 120th
calendar day following the Filing Date) and (b) with respect to the additional Registration Statement required to be filed (if
applicable) pursuant to Section 2(b), the 60th calendar day following the Conversion Share Registration Failure (or,
if such additional Registration Statement is reviewed by the Commission, the 120th calendar day following the Conversion
Share Registration Failure).

 

“Exchange
Act” means the Securities Exchange Act of 1934 and the rules promulgated thereunder, as amended.

 

“Filing
Date” means the 45th calendar day following the sale, and receipt of proceeds, of an aggregate of $1,000,000
of Notes to the Buyer and/or third party investors on the same terms and conditions set forth in the Purchase Agreement.

 

“Holder”
or “Holders” means the holder or holders, as the case may be, from time to time of Registrable Securities, including
the Buyer.

 

“Initial
Registration Statement” means the initial Registration Statement covering the Registrable Securities filed pursuant to
this Agreement.

 

“Issuance
Shares” means the _______________ shares of Common Stock sold and issued to the Buyer pursuant to the Purchase Agreement.

 

“Note”
means the Convertible Promissory Note sold or to be sold to the Buyer pursuant to the Purchase Agreement.

 

“Person”
means an individual or a corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or political subdivision thereof) or other entity of any kind.

 

“Proceeding”
means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial
proceeding, such as a deposition), whether commenced or threatened.

 

“Prospectus”
means the prospectus included in a Registration Statement (including, without limitation, a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated
by the Commission pursuant to the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the
terms of the offering of any portion of the Registrable Securities covered by a Registration Statement, and all other amendments
and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to
be incorporated by reference in such Prospectus.

 

“Registrable
Securities” means (a) (if applicable) any Conversion Share Failure Amount (as defined in Section 2(b), (b) an aggregate
of up to 40,000,000 Conversion Shares, Issuance Shares, Warrant Shares and (c) any securities issued or issuable upon any stock
split, dividend or other distribution, recapitalization or similar event with respect to the foregoing; provided that “Registrable
Securities” shall not include any shares of Common Stock owned by the Buyer which are then the subject of an effective Registration
Statement or otherwise eligible to be sold without volume limitations pursuant to Rule 144(b).

 

“Registration
Statement” means any registration statement required to be filed hereunder pursuant to Section 2 hereof, including the
Prospectus, amendments and supplements to any such registration statement or Prospectus, including pre- and post-effective amendments,
all exhibits thereto, and all material incorporated by reference or deemed to be incorporated by reference in any such registration
statement.

 

“Rule 415”
means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted from time
to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect
as such Rule.

 

“Rule 424”
means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted from time
to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect
as such Rule.

 

“SEC Guidance”
means any publicly-available written or oral guidance, comments, requirements or requests of the Commission staff, including the
Commission’s Compliance and Disclosure Interpretations and Manual of Publicly Available Telephone Interpretations.

 

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

 

“Shares”
means the shares of Common Stock sold pursuant to the Purchase Agreement.

 

“Warrant”
means the common stock purchase warrant issued the Buyer pursuant to the Purchase Agreement.

 

“Warrant
Shares” means the 250,000 shares Common Stock issuable upon exercise of the Warrant.

 

2. Registration

 

(a) Mandatory
Registration. On or prior to the Filing Date, the Company shall prepare and file with the Commission the Initial Registration
Statement covering the resale of all of the Registrable Securities for a resale offering to be made on a continuous basis. Subject
to the terms of this Agreement, the Company shall use its reasonable best efforts to cause the Initial Registration Statement to
be declared effective under the Securities Act as promptly as possible after the filing thereof, but in any event prior to the
applicable Effectiveness Date, and shall use its reasonable best efforts to keep the Initial Registration Statement continuously
effective under the Securities Act until the earlier to occur of (i) the date on which the Buyer or any Holder may sell all Registrable
Securities then held without restriction by volume limitations of Rule 144 promulgated under the Securities Act of 1933 (“Rule
144”), or (ii) all Registrable Securities covered by such Registration Statement have been sold by such Holder (the “Effectiveness
Period”).

 

(b)Additional
Registration. If at any time while the Buyer holds Registrable Securities the Initial Registration Statement does not register
for resale all of the Conversion Shares (i.e., if the Conversion Share Amount is insufficient to have registered all Conversion
Shares issuable on Conversion of the Note) (such even, a “Conversion Share Registration Failure”), then the
Company shall use its best efforts to file an additional registration statement to cover the additional note conversion shares
needed for full conversion within 45 business days. Notwithstanding the foregoing, the Company will have no obligation to file
such additional registration statements if the additional note conversion shares would be subject to immediate release, without
volume or other limitations and reliance on Rule 144 at the time of conversion.

 

(c)[RESERVED]

 

(d)Subject to
the payment of liquidated damages payable pursuant to clause (e) below, in the event that the Commission does not permit the Company
to register in any Registration Statement all of the Registrable Securities, the Company shall amend such Registration Statement
to register such maximum portion as permitted by SEC Guidance, including such guidance pertaining to Rule 415 (provided that the
Company shall use diligent efforts to advocate with the Commission for the registration of all of the Registrable Securities in
accordance with the SEC Guidance that are not then registered on an effective Registration Statement). Notwithstanding any other
provision of this Agreement, if any SEC Guidance sets forth a limitation on the number of Registrable Securities permitted to be
registered on a particular Registration Statement (and notwithstanding that the Company used diligent efforts to advocate with
the Commission for the registration of all or a greater portion of Registrable Securities), unless otherwise directed in writing
by a Holder as to its Registrable Securities, the number of Registrable Securities to be registered on such Registration Statement
will be reduced pro-rata among all other Holders, and unless otherwise directed in writing by a Holder as to its Registrable Securities,
the number of Registrable Securities to be registered on such Registration Statement will first be reduced by Registrable Securities
represented by the Warrant Shares (applied, in the case that some Warrant Shares may already be registered, to the Holders on a
pro rata basis based on the total number of unregistered Warrant Shares held by such Holders), and second by Registrable Securities
represented by the Issuance Shares (applied, in the case that some Common Stock may already be registered, to the Holders on a
pro rata basis based on the total number of unregistered Issuance Shares held by such Holders) and third by Registrable Securities
represented by the Conversion Shares (applied, in the case that some Common Stock may already be registered, to the Holders on
a pro rata basis based on the total number of unregistered Conversion Shares held by such Holders).

 

(e)If: (i) the
initial Registration Statement is not filed on or prior to its Filing Date (if the Company files the initial Registration Statement
without affording the Holders the opportunity to review and comment on the portions relating to their securities ownership, the
Company shall be deemed to have not satisfied this clause (i)), or (ii) the Company fails to file with the Commission a request
for acceleration of a Registration Statement in accordance with Rule 461 promulgated by the Commission pursuant to the Securities
Act, within five (5) Trading Days of the date that the Company is notified (orally or in writing, whichever is earlier) by the
Commission that such Registration Statement will not be “reviewed” or will not be subject to further review, or (iii)
prior to the effective date of a Registration Statement, the Company fails to file a pre-effective amendment and otherwise respond
in writing to comments made by the Commission in respect of such Registration Statement within ten (10) calendar days after the
receipt of comments by or notice from the Commission that such amendment is required in order for such Registration Statement to
be declared effective, or (iv) a Registration Statement registering for resale all of the Registrable Securities is not declared
effective by the Commission by the Effectiveness Date of the Initial Registration Statement, or (v) after the effective date of
a Registration Statement, such Registration Statement ceases for any reason to remain continuously effective as to all Registrable
Securities included in such Registration Statement, or the Holders are otherwise not permitted to utilize the Prospectus therein
to resell such Registrable Securities, for more than ten (10) consecutive calendar days or more than an aggregate of fifteen (15)
calendar days (which need not be consecutive calendar days) during any 12-month period (any such failure or breach being referred
to as an “Event”, and for purposes of clauses (i) and (iv), the date on which such Event occurs, and for purpose
of clause (ii) the date on which such five (5) Trading Day period is exceeded, and for purpose of clause (iii) the date which such
ten (10) calendar day period is exceeded, and for purpose of clause (v) the date on which such ten (10) or fifteen (15) calendar
day period, as applicable, is exceeded being referred to as “Event Date”), then, in addition to any other rights
the Holders may have hereunder or under applicable law, on each such Event Date and on each monthly anniversary of each such Event
Date (if the applicable Event shall not have been cured by such date) until the applicable Event is cured, the Company shall pay
to each Holder an amount in cash, as partial liquidated damages and not as a penalty, equal to the product of 2.0% multiplied by
the aggregate Subscription Amount paid by such Holder pursuant to the Purchase Agreement. If the Company fails to pay any partial
liquidated damages pursuant to this Section in full within seven days after the date payable, the Company will pay interest thereon
at a rate of 18% per annum (or such lesser maximum amount that is permitted to be paid by applicable law) to the Holder, accruing
daily from the date such partial liquidated damages are due until such amounts, plus all such interest thereon, are paid in full.
The partial liquidated damages pursuant to the terms hereof shall apply on a daily pro rata basis for any portion of a month prior
to the cure of an Event.

 

3. Registration
Procedures.

 

In connection with
the Company’s registration obligations hereunder, the Company shall:

 

(a)  Prepare
and file with the Commission such amendments, including post-effective amendments, to a Registration Statement and the Prospectus
used in connection therewith as may be necessary to keep a Registration Statement continuously effective as to the applicable Registrable
Securities for the Effectiveness Period, (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus
supplement (subject to the terms of this Agreement), and, as so supplemented or amended, to be filed pursuant to Rule 424, (iii)
respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration Statement
or any amendment thereto, and (iv) comply in all material respects with the provisions of the Securities Act and the Exchange Act
with respect to the disposition of all Registrable Securities covered by a Registration Statement during the applicable period
in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the Holders thereof set forth
in such Registration Statement as so amended or in such Prospectus as so supplemented.

 

(b)  Notify
the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied
by an instruction to suspend the use of the Prospectus (entirely or in a particular jurisdiction, as the case may be) until the
requisite changes have been made) as promptly as reasonably possible (and, in the case of (i)(A) below, not less than one (1) Trading
Day prior to such filing) and (if requested by any such Person) confirm such notice in writing no later than one (1) Trading Day
following the day (i)(A) when a Prospectus or any Prospectus supplement or post-effective amendment to a Registration Statement
is proposed to be filed, (B) when the Commission notifies the Company whether there will be a “review” of such Registration
Statement and whenever the Commission comments in writing on such Registration Statement, and (C) with respect to a Registration
Statement or any post-effective amendment, when the same has become effective, (ii) of any request by the Commission or any other
federal or state governmental authority for amendments or supplements to a Registration Statement or Prospectus or for additional
information, (iii) of the issuance by the Commission or any other federal or state governmental authority of any stop order suspending
the effectiveness of a Registration Statement covering any or all of the Registrable Securities or the initiation of any Proceedings
for that purpose; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or
exemption from qualification of any of the Registrable Securities for sale in any jurisdiction, or the initiation or threatening
of any Proceeding for such purpose, (v) of the occurrence of any event or passage of time that makes the financial statements included
in a Registration Statement ineligible for inclusion therein or any statement made in a Registration Statement or Prospectus or
any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any
revisions to a Registration Statement, Prospectus or other documents so that, in the case of a Registration Statement or the Prospectus,
as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to
be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading
and (vi) of the occurrence or existence of any pending corporate development with respect to the Company that the Company believes
may be material and that, in the determination of the Company, makes it not in the best interest of the Company to allow continued
availability of a Registration Statement or Prospectus, provided that, any and all of such information shall remain confidential
to each Holder until such information otherwise becomes public, unless disclosure by a Holder is required by law; provided,
further, that notwithstanding each Holder’s agreement to keep such information confidential, each such Holder makes
no acknowledgement that any such information is material, non-public information, and provided further, that during
any three hundred sixty five (365) day period such suspension periods shall not exceed an aggregate of ninety (90) days.

 

(c)  Use
its reasonable best efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order stopping or suspending
the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of
any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.

 

(d)  Subject
to the terms of this Agreement, consent to the use of such Prospectus and each amendment or supplement thereto by each of the selling
Holders in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or
supplement thereto, except after the giving of any notice pursuant to Section 3(b) until the delivery of the Advice contemplated
by Section 9(b).

 

(e)  Cooperate
with any broker-dealer through which a Holder proposes to resell its Registrable Securities in effecting a filing with the FINRA
Corporate Financing Department pursuant to FINRA Rule 5110, as requested by any such Holder.

 

(f)  Prior
to any resale of Registrable Securities by a Holder, use its reasonable best efforts to register or qualify or cooperate with the
selling Holders in connection with the registration or qualification (or exemption from the registration or qualification) of such
Registrable Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United
States as any Holder reasonably requests in writing, to keep each registration or qualification (or exemption therefrom) effective
during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such
jurisdictions of the Registrable Securities covered by each Registration Statement; provided, however, that the Company
shall not be required in connection therewith or as a condition thereto to (1) qualify to do business in any jurisdiction where
it would not otherwise be required to qualify but for this Section 3(f), (2) subject itself to general taxation in any such jurisdiction,
or (3) file a general consent to service of process in any such jurisdiction.

 

(g)  If
requested by a Holder, cooperate with such Holders to facilitate the timely preparation and delivery of certificates representing
Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, and to enable such Registrable Securities
to be in such denominations and registered in such names as any such Holder may request.

 

(h)  Upon
the occurrence of any event contemplated by Section 3(b), as promptly as reasonably possible under the circumstances taking into
account the Company’s good faith assessment of any adverse consequences to the Company and its shareholders of the premature
disclosure of such event, prepare a supplement or amendment, including a post-effective amendment, to a Registration Statement
or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file
any other required document so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will contain
an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading. If the Company notifies the
Holders in accordance with clauses (iii) through (vi) of Section 3(b) above to suspend the use of any Prospectus until the requisite
changes to such Prospectus have been made, then the Holders shall suspend use of such Prospectus. The Company will use its reasonable
best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable.

 

(i)  Comply
with all applicable rules and regulations of the Commission.

 

(j)  Require
each selling Holder to furnish to the Company a certified statement as to the number of shares of Common Stock beneficially owned
by such Holder and the natural persons thereof that have voting and dispositive control over the shares. In the event of the failure
by such Holder to comply with the Company’s request within fifteen (15) days from the date of such request, the Company shall
be permitted to exclude such Holder from a Registration Statement, without being subject to the payment of liquidated damages to
such Holder. At such time that such Holder complies with the Company’s request the Company shall use its reasonable best
efforts to include such Holder on the Registration Statement.

 

(l)In the event
of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary
form, with the managing underwriter(s) of such offering.

 

(n)In connection
with the preparation and filing of each Registration Statement registering Registrable Securities under the Securities Act, and
before filing any such Registration Statement or any other document in connection therewith, give the participating Holders of
Registrable Securities and their respective counsel, the opportunity to (i) review any such Registration Statement, each prospectus
included therein or filed with the SEC, each amendment thereof or supplement thereto and any other document to be filed, including
the Company's response to SEC comments, and (ii) provide comments to such documents if necessary to cause the description relating
to such Holders to be accurate. The cumulative time taken by total shareholders for review will be added to extend the Filing Date
requirement under Section 2(e). Each shareholder will be responsible to cover the cost of review of their own documents.

 

(o)In the event
that Form S-3 is not available for the registration of the resale of Registrable Securities hereunder, the Company shall (i) register
the resale of the Registrable Securities on Form S-1 and (ii) undertake to register the Registrable Securities on Form S-3 as soon
as such form is available, provided that the Company shall maintain the effectiveness of the Registration Statement then in effect
until such time as a Registration Statement on Form S-3 covering the Registrable Securities has been declared effective by the
SEC.

 

4.  Registration
Expenses. All fees and expenses incident to the performance of or compliance with this Agreement by the Company shall be borne
by the Company whether or not any Registrable Securities are sold pursuant to a Registration Statement. The fees and expenses referred
to in the foregoing sentence shall include, without limitation, (i) all registration and filing fees (including, without limitation,
fees and expenses of the Company’s counsel and independent registered public accountants) (A) with respect to filings made
with the Commission, (B) with respect to filings required to be made with any trading market on which the Common Stock is then
listed for trading.in compliance with applicable state securities or Blue Sky laws reasonably agreed to by the Company in writing
(including, without limitation, fees and disbursements of counsel for the Company in connection with Blue Sky qualifications or
exemptions of the Registrable Securities) and (D) with respect to any filing that may be required to be made by any broker through
which a Holder intends to make sales of Registrable Securities with the FINRA pursuant to FINRA Rule 5110, so long as the broker
is receiving no more than a customary brokerage commission in connection with such sale, (ii) printing expenses (including, without
limitation, expenses of printing certificates for Registrable Securities), (iii) messenger, telephone and delivery expenses, (iv)
fees and disbursements of counsel for the Company, (v) Securities Act liability insurance, if the Company so desires such insurance,
and (vi) fees and expenses of all other Persons retained by the Company in connection with the consummation of the transactions
contemplated by this Agreement and (vii) reasonable fees and disbursements of a single special counsel for the Holders (selected
by Holders of the majority of the Registrable Securities requesting such registration), up to $2,000 for each registration. In
addition, the Company shall be responsible for all of its internal expenses incurred in connection with the consummation of the
transactions contemplated by this Agreement (including, without limitation, all salaries and expenses of its officers and employees
performing legal or accounting duties), the expense of any annual audit and the fees and expenses incurred in connection with the
listing of the Registrable Securities on any securities exchange as required hereunder. In no event shall the Company be responsible
for any broker or similar commissions of any Holder.

 

5.  Indemnification.

 

(a)  Indemnification
by the Company. The Company shall, notwithstanding any termination of this Agreement, indemnify and hold harmless each Holder,
the officers, directors, members, partners, agents and employees (and any other Persons with a functionally equivalent role of
a Person holding such titles, notwithstanding a lack of such title or any other title) of each of them, each Person who controls
any such Holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors,
members, stockholders, partners, agents and employees (and any other Persons with a functionally equivalent role of a Person holding
such titles, notwithstanding a lack of such title or any other title) of each such controlling Person, to the fullest extent permitted
by applicable law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable
attorneys’ fees) and expenses (collectively, “Losses”), as incurred, arising out of or relating to (1)
any untrue or alleged untrue statement of a material fact contained in a Registration Statement, any Prospectus or any form of
prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission
or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of
any Prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading or (2) any violation
or alleged violation by the Company of the Securities Act, the Exchange Act or any state securities law, or any rule or regulation
thereunder, in connection with the performance of its obligations under this Agreement, except to the extent, but only to the extent,
that (i) such untrue statements or omissions are based upon information regarding such Holder furnished to the Company by such
Holder for use therein (including the information included on Annex A hereto), or to the extent that such information relates
to such Holder’s proposed method of distribution of Registrable Securities or (ii) the Holder used an outdated or defective
Prospectus which the Company had previously notified such Holder was outdated or defective pursuant to Sections 3(b)(iii)-(vi)
and for which the Company had not yet provided the Advice contemplated in Section 9(b). The Company shall notify the Holders promptly
of the institution, threat or assertion of any Proceeding arising from or in connection with the transactions contemplated by this
Agreement of which the Company is aware.

 

(b)  Indemnification
by Holders. Each Holder shall, severally and not jointly, indemnify and hold harmless the Company, its directors, officers,
agents and employees, each Person who controls the Company (within the meaning of Section 15 of the Securities Act and Section
20 of the Exchange Act), and the directors, officers, agents or employees of such controlling Persons, to the fullest extent permitted
by applicable law, from and against all Losses, as incurred, to the extent arising out of or based solely upon: (x) such Holder’s
failure to comply with the prospectus delivery requirements of the Securities Act or (y) any untrue or alleged untrue statement
of a material fact contained in any Registration Statement, any Prospectus, or in any amendment or supplement thereto or in any
preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated
therein or necessary to make the statements therein not misleading (i) to the extent, but only to the extent, that such untrue
statement or omission is contained in any information so furnished by such Holder to the Company for inclusion in such Registration
Statement or such Prospectus (including the information included on Annex A) or (ii) to the extent that such information
relates to such Holder’s proposed method of distribution of Registrable Securities set forth in such Prospectus or in any
amendment or supplement thereto or (iii) the use by such Holder of an outdated or defective Prospectus after the Company has notified
such Holder in writing that the Prospectus is outdated or defective and prior to the receipt by such Holder of the Advice contemplated
in Section 9(b). In no event shall the liability of any selling Holder hereunder be greater in amount than the dollar amount of
the net proceeds received by such Holder upon the sale of the Registrable Securities giving rise to such indemnification obligation.

 

(c)  Conduct
of Indemnification Proceedings.

 

(i) If any Proceeding
shall be brought or asserted against any Person entitled to indemnity hereunder (an “Indemnified Party”), such
Indemnified Party shall promptly notify the Person from whom indemnity is sought (the “Indemnifying Party”)
in writing, and the Indemnifying Party shall have the right to assume the defense thereof, including the employment of counsel
reasonably satisfactory to the Indemnified Party and the payment of all fees and expenses incurred in connection with defense thereof;
provided, that, the failure of any Indemnified Party to give such notice shall not relieve the Indemnifying Party of its
obligations or liabilities pursuant to this Agreement, except (and only) to the extent that it shall be finally determined by a
court of competent jurisdiction (which determination is not subject to appeal or further review) that such failure shall have prejudiced
the Indemnifying Party.

 

(ii) An Indemnified
Party shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof, but the
fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party
has agreed in writing to pay such fees and expenses, (2) the Indemnifying Party shall have failed promptly to assume the defense
of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding, or (3) the named
parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party,
and counsel to the Indemnified Party shall reasonably believe that a conflict of interest is likely to exist if the same counsel
were to represent such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies the Indemnifying
Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying Party shall
not have the right to assume the defense thereof and the reasonable fees and expenses of no more than one (1) separate counsel
shall be at the expense of the Indemnifying Party). The Indemnifying Party shall not be liable for any settlement of any such Proceeding
effected without its written consent, which consent shall not be unreasonably withheld or delayed. No Indemnifying Party shall,
without the prior written consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect of which
any Indemnified Party is a party, unless such settlement includes an unconditional release of such Indemnified Party from all liability
on claims that are the subject matter of such Proceeding.

 

(iii) Subject
to the terms of this Agreement, all reasonable fees and expenses of the Indemnified Party (including reasonable fees and expenses
to the extent incurred in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with
this Section) shall be paid to the Indemnified Party, as incurred, within ten (10) Trading Days of written notice thereof to the
Indemnifying Party; provided, that, the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such
fees and expenses applicable to such actions for which such Indemnified Party is judicially determined not to be entitled to indemnification
hereunder.

 

(d)  Contribution.

 

(i) If the indemnification
under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any
Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such proportion
as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions,
statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault
of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in
question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact,
has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The
amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in
this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding
to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section
was available to such party in accordance with its terms.

 

(ii) The parties
hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata
allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the
immediately preceding paragraph. Notwithstanding the provisions of this Section 5(d), no Holder shall be required to contribute,
in the aggregate, any amount in excess of the amount by which the net proceeds actually received by such Holder from the sale of
all of such Holder’s Registrable Securities pursuant to such Registration Statement or Prospectus exceeds the amount of any
damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or
alleged omission.

 

(e) Remedies
Not Exclusive. The indemnity and contribution agreements contained in this Section are in addition to any liability that the
Indemnifying Parties may have to the Indemnified Parties.

 

6.Preconditions
to Participation in Underwritten Registrations. No Holder of Registrable Securities may participate in any underwritten registration
hereunder unless such Holder (i) agrees to enter into a written underwriting agreement with the managing underwriter and containing
such provisions as are customary in the securities business for such an arrangement between such underwriter and companies of the
Company's size and investment stature, and (ii) provides any relevant information and completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements, and other documents required under the terms of such underwriting arrangements,
provided, however, that (i) the representations and warranties by, and the other agreements on the part of, the Company to and
for the benefit of the underwriters shall also be made to and for the benefit of such Holders of Registrable Securities and (ii)
no such Holder shall be required to make, and the Company shall use its reasonable best efforts to ensure that no underwriter requires
any Holder to make, any representations and warranties to, or agreements with, any underwriter in a registration effected pursuant
to this Agreement other than customary representations, warranties and agreements relating to such Holder's title to Registrable
Securities and authority to enter into the underwriting agreement.

 

7.[RESERVED]

 

8. Reports
Under the Exchange Act. With a view to making available to the Buyer the benefits of Rule 144, the Company agrees to:

 

(a) make and
keep public information available, as those terms are understood and defined in Rule 144 for so long as any Holder of Registrable
Securities holds Registrable Securities; and

 

(b)furnish to
the Buyer so long as such Buyer owns Registrable Securities, as promptly as commercially reasonable upon request: (i) a written
statement by the Company, if true or applicable, that it has complied in all material respects with the reporting requirements
of Rule 144, the Securities Act and the Exchange Act, (ii) a copy of the most recent annual or quarterly report of the Company
and such other reports and documents so filed by the Company (it being understood that if such documents are available via the
Commission’s website, such documents need not be provided), and (iii) such other information as may be reasonably requested
to permit the Buyer to sell such securities pursuant to Rule 144 without registration, it being understood and agreed that the
foregoing shall not constitute an obligation of the Company to remain publicly reporting under the Exchange Act.

 

(c)The Company
specifically acknowledges and agrees that a breach of this Section 8 shall be deemed an Event of Default under the Note.

 

9.  Miscellaneous.

 

(a)  Compliance.
Each Holder covenants and agrees that it will comply with the prospectus delivery requirements of the Securities Act as applicable
to it in connection with sales of Registrable Securities pursuant to a Registration Statement.

 

(b)  Discontinued
Disposition. By its acquisition of Registrable Securities, each Holder agrees that, upon receipt of a notice from the Company
of the occurrence of any event of the kind described in Section 3(b)(iii) through (vi), such Holder will forthwith discontinue
disposition of such Registrable Securities under a Registration Statement until it is advised in writing (the “Advice”)
by the Company that the use of the applicable Prospectus (as it may have been supplemented or amended) may be resumed. The Company
will use its reasonable best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable.

 

(c)  Amendments
and Waivers. The provisions of this Agreement may be amended, modified or supplemented, and waivers or consents to departures
from the provisions hereof may be given, and shall be in writing and signed by the Company and each or any Holders of an interest
of the then outstanding Registrable Securities (including, for this purpose, any Registrable Securities issuable upon exercise
of the Warrant). If a Registration Statement does not register all of the Registrable Securities pursuant to a waiver or amendment
done in compliance with the previous sentence or otherwise, then the number of Registrable Securities to be registered for each
Holder shall be reduced pro rata among all Holders and each Holder shall have the right to designate which of its Registrable Securities
shall be omitted from such Registration Statement. Notwithstanding the foregoing, a waiver or consent to depart from the provisions
hereof with respect to a matter that relates exclusively to the rights of a Holder or some Holders and that does not directly or
indirectly affect the rights of other Holders may be given by such Holder or Holders of all of the Registrable Securities to which
such waiver or consent relates; provided, however, that the provisions of this sentence may not be amended, modified,
or supplemented except in accordance with the provisions of the first sentence of this Section 9(c).

 

(d)Assignment
of Registration Rights. The rights of the Buyer and each Holder hereunder, including the right to have the Company register
for resale Registrable Securities in accordance with the terms of this Agreement, shall be automatically assignable by each Holder
to any Person who acquires all or a portion of the Registrable Securities if such assignment shall be undertaken in
accordance with Section 5.7 of the Purchase Agreement. Such rights to assignment and related obligations shall apply to the Holders
(and to subsequent) successors and assigns.

 

(e)  Successors
and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each
of the parties and shall inure to the benefit of each Holder. The Company may assign its rights or obligations hereunder without
the prior written consent the Holders of a majority of the then outstanding Registrable Securities. Each Holder may assign their
respective rights hereunder in the manner and to the Persons as permitted under the Purchase Agreement.

 

(f)  No
Inconsistent Agreements. Neither the Company nor any of its subsidiaries or affiliates has entered, as of the date hereof,
nor shall the Company or any of its Subsidiaries, on or after the date of this Agreement, enter into any agreement with respect
to its securities, that would have the effect of impairing the rights granted to the Holders in this Agreement or otherwise conflicts
with the provisions hereof.

 

(g)  Execution
and Counterparts. This Agreement may be executed in two (2) or more counterparts, all of which when taken together shall be
considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered
to the other party, it being understood that both parties need not sign the same counterpart. In the event that any signature is
delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create
a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect
as if such facsimile or “.pdf” signature page were an original thereof.

 

(h)  Governing
Law; Disputes. All questions concerning the governing law, construction, validity, enforcement and interpretation of and disputes
regarding this Agreement shall be determined in accordance with the provisions of the Purchase Agreement.

 

(i)  Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially
reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated
by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that
they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be
hereafter declared invalid, illegal, void or unenforceable.

 

(j)  Headings.
The headings in this Agreement are for convenience only, do not constitute a part of the Agreement and shall not be deemed to limit
or affect any of the provisions hereof.

 

 

IN WITNESS WHEREOF, the parties have
executed this Registration Rights Agreement as of the date first written above.

 

HISPANICA INTERNATIONAL
DELIGHTS OF AMERICA, INC.

 

 

 

	By:	 	 
	 	Name: Fernando Oswaldo Leonzo.	 
	 	Title: Chief Executive Officer	 

 

 

[ ]

 

By:

 

 

	By:	 	 
	 	Name:	 
	 	Title:

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