Document:

SUBSCRIPTION AGREEMENT

 

THIS SUBSCRIPTION AGREEMENT
(this “Agreement”), dated as of July ___, 2014, by and between Eco-Shift Power Corp., a Delaware corporation
(the “Company”), and __________________________________, a ______________________ having a business address
at ________________________________ (the “Subscriber”).

 

WHEREAS, the Company
and Subscriber are executing and delivering this Agreement in reliance upon an exemption from securities registration afforded
by the provisions of Section 4(2) and/or Regulation D (“Regulation D”) promulgated by the United States Securities
and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities
Act”); and

 

WHEREAS, the parties
hereto desire that, upon the terms and subject to the conditions contained herein and upon the date hereof (the “Funding
Date”), the Company shall issue to the Subscriber (1) a convertible promissory note (the “Note”) in
the principal amount of ________________ (US$__________) (the “Principal Amount”), pursuant to which the Principal
Amount owed thereunder shall be convertible into such number of shares of common stock of the Company (the “Common Stock”)
as set forth in the Note; and (2) a warrant (the “Warrant”) permitting the Subscriber to purchase ____________
(_______________) shares of the Company’s Common Stock at a per share price as set forth in the Note (the shares of Common
Stock issuable pursuant to the Note and the Warrant shall collectively be referred to herein as the “Shares”;
the Note, the Warrant and the Shares shall be referred to collectively herein as the “Securities”).

 

NOW, THEREFORE,
in consideration of the mutual covenants and other agreements contained in this Agreement, the Company and Subscriber hereby agree
as follows:

 

1. Purchase and Sale.
Upon the terms and subject to the conditions set forth in this Agreement and in consideration of the Principal Amount delivered
by the Subscriber to the Company on the Funding Date, the Company hereby agrees to issue the Note and the Warrant to the Subscriber
on the Funding Date. The Company agrees to issue and deliver the Securities to the Subscriber free of all liens, pledges, mortgages,
security interests, charges, restrictions, adverse claims or other encumbrances of any kind or nature whatsoever (“Encumbrances”),
and Subscriber hereby agrees to accept the Securities free of all Encumbrances.

 

2. Subscriber Representations
and Warranties. Subscriber hereby represents and warrants to and agrees with the Company that:

 

(a) Standing of Subscriber.
Subscriber has the legal capacity and power to enter into this Agreement.

 

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(b) Authorization
and Power. Subscriber has the requisite power and authority to enter into and perform this Agreement and to advance the Principal
Amount and to accept the Note and Warrants. The execution, delivery and performance of this Agreement by the Subscriber, and the
consummation by the Subscriber of the transactions contemplated hereby, have been duly authorized by all necessary action, and
no further consent or authorization of Subscriber is required. This Agreement has been duly authorized, executed and delivered
by the Subscriber and constitutes, or shall constitute, when executed and delivered, a valid and binding obligation of the Subscriber,
enforceable against Subscriber in accordance with the terms hereof.

 

(c) Information on
Subscriber. Subscriber is, and reasonably believes he will be at the time of the conversion of the Note and exercise of the
Warrant, an “accredited investor,” as such term is defined in Rule 501(a) of Regulation D promulgated by the Commission
under the 1933 Act and affirmed by Subscriber in the completed Purchaser Questionnaire, is experienced in investments and business
matters, has made investments of a speculative nature and has purchased securities of United States publicly-owned companies in
private placements in the past and, with its representatives, has such knowledge and experience in financial, tax and other business
matters as to enable the Subscriber to utilize the information made available by the Company to evaluate the merits and risks of,
and to make an informed investment decision with respect to, the proposed purchase, which the Subscriber hereby agrees represents
a highly speculative investment. The Subscriber has the authority and is duly and legally qualified to purchase and own the Securities.
The Subscriber understands that the Securities are highly speculative and may result in a total loss of investment. The Subscriber
is able to bear the risk of such investment for an indefinite period and to afford a complete loss thereof. Subscriber understands
that the Company is relying on its representations and agreements for the purpose of determining whether this transaction meets
the requirements of the exemptions afforded by the Securities Act and certain state securities laws;

 

(d) Purchase of Securities.
The Subscriber will purchase the Securities for its own account for investment and not with a view toward, or for resale in connection
with, the public sale or any distribution thereof in violation of the Securities Act or any applicable state securities law, and
has no direct or indirect arrangement or understandings with any other person or entity to distribute or regarding the distribution
of such Shares;

 

(e) Compliance with Securities
Act. The Subscriber understands and agrees that the Securities have not been registered under the 1933 Act or any applicable
state securities laws by reason of their issuance in a transaction that does not require registration under the 1933 Act (based
in part on the accuracy of the representations and warranties of Subscriber contained herein), and that such Securities must be
held indefinitely unless a subsequent disposition is registered under the 1933 Act or any applicable state securities laws or is
exempt from such registration.

 

(f) Share Legend.
The Shares shall bear the following or similar legend:

 

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“THE ISSUANCE AND SALE OF THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR 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 AND REASONABLY APPROVED BY THE COMPANY), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT
REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A 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.”

 

(g) Note and Warrant
Legend. The Note and Warrant shall bear the following or similar legend

 

“NEITHER THE ISSUANCE AND SALE OF
THE SECURITIES REPRESENTED BY THIS DOCUMENT 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 (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 AND REASONABLY APPROVED BY
THE COMPANY), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO
RULE 144 OR RULE 144A 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.”

 

(h) Communication
of Offer. Subscriber has a preexisting personal or business relationship with the Company or one or more of its directors,
officers, advisors or control persons, and the offer to issue the Securities was directly communicated to Subscriber by the Company.
At no time was Subscriber presented with or solicited by any leaflet, newspaper or magazine article, radio or television advertisement,
or any other form of general advertising or solicited or invited to attend a promotional meeting otherwise than in connection and
concurrently with such communicated offer;

 

(i) No Governmental
Endorsement. Subscriber understands that no United States federal or state agency or any other governmental or state agency
has passed on or made recommendations or endorsement of the Securities, or the suitability of the investment in the Securities,
nor have such authorities passed upon or endorsed the merits of the offering of the Securities;

 

(j) Receipt of Information.
Subscriber believes it has received all the information it considers necessary or appropriate for deciding whether to invest the
Principal Amount in the Company and to accept the Securities. Subscriber further represents that through its representatives it
has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the offering
of the Securities and the business, properties and financial condition of the Company and to obtain additional information (to
the extent the Company possessed such information or could acquire it without unreasonable effort or expense) necessary to verify
the accuracy of any information furnished to it or to which it had access;

 

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(k) No Market Manipulation.
Subscriber has not taken, and will not take, directly or indirectly, any action designed to, or that might reasonably be expected
to, cause or result in stabilization or manipulation of the price of the Common Stock, to facilitate the sale or resale of the
Shares or affect the price at which the Shares may be issued or resold;

 

(l) Independent Advice.
Subscriber has been urged, and has been given the opportunity, to seek independent advice from its professional advisors relating
to the suitability of an investment in the Company in view of its overall financial needs and with respect to the legal and tax
consequences of such investment. The undersigned acknowledges that the undersigned has been advised to consult with the undersigned’s
own attorney regarding legal matters concerning the Company and to consult with the undersigned’s tax advisor regarding the
tax consequences of participating in the Company. Subscriber is responsible for obtaining its own legal and tax advice. Subscriber
acknowledges that there may be certain adverse tax consequences to it in connection with my purchase of the Securities;

 

(m) Subscriber believes
that the investment in the Securities is suitable for it based upon its investment objectives and financial needs, and it has adequate
means for providing for its current financial needs and contingencies and has no need for liquidity with respect to its investment
in the Company;

 

(n) Subscriber has relied
solely upon its own investigation in making a decision to invest in the Company; and

 

(o) Subscriber hereby
acknowledges and is aware that Subscriber is not entitled to cancel, terminate, or revoke this subscription, and any agreements
made in connection herewith survives any death or disability of a natural person Subscriber.

 

3. Company Representations
and Warranties. The Company represents and warrants to, and agrees with, Subscriber that:

 

(a) Due Incorporation.
The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction of its
incorporation;

 

(b) Authority; Enforceability.
The Transaction Documents have been duly authorized, executed and delivered by the Company and are the valid and binding agreements
of the Company, enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium or other
similar laws affecting the enforcement of creditors’ rights generally, or principles of equity. The Company has full corporate
power and authority necessary to enter into and deliver the Transaction Documents and to perform its obligations thereunder;

 

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(c) Information on Company. Subscriber
has been furnished with or has had access to the EDGAR Website of the Commission and to the Company’s Form 10-K filed on
EDGAR on April 11, 2014 for the fiscal year ended December 31, 2013, together with all other filings made with the Commission available
at the EDGAR website (hereinafter referred to collectively as the “Reports”) and all correspondence from the
Commission to the Company including but not limited to the Commission’s comment letters relating to the Company’s periodic
filings with the Commission whether available at the EDGAR website or not. In addition, such Subscriber has received in writing
from the Company such other information concerning their operations, financial condition and other matters as such Subscriber has
requested in writing, identified thereon as OTHER WRITTEN INFORMATION (such other information is collectively, the “Other
Written Information”), and considered all factors such Subscriber deems material in deciding on the advisability of investing
in the Purchased Securities. Such Subscriber has relied on the Reports and Other Written Information in making its investment decision.

 

(d) Consents.
No consent, approval, authorization or order of any court, governmental agency or body having jurisdiction over the Company or
of any other person is required for the execution by the Company of the Transaction Documents and compliance and performance by
the Company of its obligations hereunder and thereunder, including, without limitation, the issuance of the Securities;

 

(e) No Violation
or Conflict. Neither the issuance of the Securities nor the performance of the Company’s obligations under the Transaction
Documents will:

 

(i) violate, conflict
with, result in a breach of, or constitute a default (or an event which with the giving of notice or the lapse of time or both
would be reasonably likely to constitute a default) under (a) the charter or bylaws of the Company or (b) any decree, judgment,
order or determination applicable to the Company of any court, governmental agency or body having jurisdiction over the Company
or over the properties or assets of the Company; or

 

(ii) result in the creation
or imposition of any lien, charge or encumbrance upon the Shares except in favor of Subscriber as described herein;

 

(f) The Shares.
Upon issuance, the Shares:

 

(i) shall be free and
clear of any security interests, liens, claims or other Encumbrances, subject only to restrictions upon transfer under the Securities
Act and any applicable state securities laws;

 

(ii) shall have been duly
and validly issued, fully paid and non-assessable; and

 

(iii) will not subject
the holders thereof to personal liability by reason of being such holders;

 

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(g) No General Solicitation.
Neither the Company, nor any of its affiliates, nor any person or entity acting on its or their behalf, has engaged in any form
of general solicitation or general advertising (within the meaning of Regulation D under the Securities Act) in connection with
the offer or sale of the Securities; and

 

(h) Investment Company.
The Company is not an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

 

4. Non-Public Information.
While the Note and Warrant are held by the Subscriber, the Company covenants and agrees that neither it nor any other person acting
on its behalf will at any time provide the Subscriber with any information that the Company believes constitutes material non-public
information. The Company understands and confirms that the Subscriber shall be relying on the foregoing representations in effecting
transactions in securities of the Company.

 

5. Broker’s Commission/Finder’s
Fee. Each party hereto acknowledges and agrees that WestPark Capital, Inc. is entitled to receive fees in connection with the
consummation of the transactions contemplated hereby. Each party hereto represents to the other that there are no parties, other
than WestPark Capital, Inc., entitled to receive fees, commissions, finder’s fees, due diligence fees or similar payments
in connection with the consummation of the transactions contemplated hereby. Each party hereto agrees to indemnify the other against
and hold the other harmless from any and all liabilities to any persons claiming brokerage commissions or similar fees on account
of services purported to have been rendered on behalf of the indemnifying party in connection with this Agreement or the transactions
contemplated hereby and arising out of the indemnifying party’s actions.

 

6. Covenants Regarding
Indemnification. Each party hereto agrees to indemnify, hold harmless, reimburse and defend the other party and the other party’s
officers, directors, agents, counsel, affiliates, members, managers, control persons, and principal shareholders, as applicable,
against any claim, cost, expense, liability, obligation, loss or damage (including reasonable legal fees) of any nature, incurred
by or imposed upon the indemnified party or any such person which results, arises out of or is based upon (i) any breach of any
representation or warranty by the indemnifying party in this Agreement or (ii) any breach or default in performance by the indemnifying
party of any covenant or undertaking to be performed by the indemnifying party.

 

7. Miscellaneous.

 

(a) 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 or facsimile, addressed as set forth in the preamble paragraph hereto 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 at the address designated in the preamble paragraph hereto (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.

 

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(b) Rule 506 Disclosure. Recent changes
to Rule 506 of Regulation D promulgated under the Securities Act of 1933 prohibit an issuer from claiming an exemption from registration
of its securities under such rule if the issuer, any of its predecessors, any affiliated issuer, any director, executive officer,
other officer participating in the offering of the interests, general partner or managing member of the issuer, any beneficial
owner of 20% or more of the voting power of the issuer’s outstanding voting equity securities, any promoter connected with
the issuer in any capacity as of the date hereof, any investment manager of the issuer, any person that has been or will be paid
(directly or indirectly) remuneration for solicitation of purchasers in connection with such sale of the issuer’s interests,
any general partner or managing member of any such investment manager or solicitor, or any director, executive officer or other
officer participating in the offering of any such investment manager or solicitor or general partner or managing member of such
investment manager or solicitor has been subject to certain Disqualifying Events described in Rule 506(d)(1) of Regulation D subsequent
to September 23, 2013, subject to certain limited exceptions. The Company is required to exercise reasonable care in conducting
an inquiry to determine whether any such persons have been subject to such Disqualifying Events and is required to disclose any
Disqualifying Events that occurred prior to September 23, 2013 to investors in the Company. The Company believes that it has exercised
reasonable care in conducting an inquiry into Disqualifying Events by the foregoing persons and is aware of the following events:

 

WestPark Capital, Inc., the Company’s placement agent (“WestPark”),
was a co-manager in two registrations statements which registrations were each the subject of a stop order by the SEC based on
conduct of the issuers which took place after the offering; and WestPark employs a registered representative agent who is a compensated
solicitor and who has been the subject of a final order of the State of New Jersey, Bureau of Securities revoking his registration.

 

It is possible that (a) additional Disqualifying
Events may exist of which the Company is not aware and (b) the SEC, a court or other finder of fact may determine that the steps
that the Company has taken to conduct its inquiry were inadequate and did not constitute reasonable care. If such a finding were
made, the Company may lose its ability rely upon Rule 506 of Regulation D promulgated under the Securities Act for the placement
of the Securities and, depending on the circumstances, may be required to register the offering of the Company’s Securities
with the SEC and under applicable state securities laws or to conduct a rescission offer with respect to the securities sold in
the Offering.

 

(c) Entire Agreement.
This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and may be
amended only by a writing executed by both parties hereto. Neither the Company nor Subscriber has relied on any representations
not contained or referred to in this Agreement and the documents delivered herewith.

 

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(d) Counterparts/Execution.
This Agreement may be executed in any number of counterparts and by the different signatories hereto on separate counterparts,
each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument.
This Agreement may be executed by facsimile transmission, PDF, electronic signature or other similar electronic means with the
same force and effect as if such signature page were an original thereof.

 

(e) Applicable Law
and Arbitration. This Agreement shall be construed in accordance with the laws of the State of California, without regard to
principles of conflicts of law. The Parties agree that any dispute arising out of or relating to an investment pursuant to this
Agreement or concerning this Agreement, including but not limited to disputes as to arbitrability and all disputes with the Company
or any of its Placement Agents or Dealers, or any employee, agent, representative, officer, director or attorney of the Company
or any Placement Agent or Dealer, shall be resolved through final, binding, non-appealable arbitration, before a single, neutral
arbitrator, at JAMS, in Los Angeles County, California in accordance with the rules and regulations of the American Arbitration
Association. Venue of all arbitration shall be JAMS Dispute Resolution Center, Los Angeles County, California. The Parties agree
that each side will pay fifty percent (50%) of the cost of any arbitration proceedings. Judgment on any arbitration award may be
entered in any Court having jurisdiction. Any arbitration award shall be in United States Dollars and may be enforced in any jurisdiction
in which the party against whom enforcement is sought maintains assets. The Parties agree that the arbitrator shall enforce the
plain terms of this Agreement, notwithstanding any law or policy to the contrary. The Parties agree to limit their respective testimony
at any arbitration hearing to three hours per side. SUBSCRIBER HEREBY WAIVES ANY RIGHT TO SEEK ANY TYPE OF DAMAGES OTHER THAN COMPENSATORY
DAMAGES, INCLUDING BUT NOT LIMITED TO CONSEQUENTIAL DAMAGES AND PUNITIVE DAMAGES. SUBSCRIBER HEREBY FURTHER WAIVES THE RIGHT TO
A TRIAL BY JURY, THE RIGHT TO BRING A CLASS ACTION SUIT, AND OTHER POTENTIAL REMEDIES THAT OTHERWISE MAY BE AFFORDED BY LAW. THIS
IS A CLASS ACTION WAIVER THAT APPLIES TO ALL DISPUTES ARISING OUT OF THIS INVESTMENT, INCLUDING BUT NOT LIMITED TO ANY DISPUTES
WITH THE COMPANY, ITS PLACEMENT AGENT, OR ITS DEALERS, AND ALL OF THEIR EMPLOYEES, AGENTS, REPRESENTATIVES, OFFICERS, DIRECTORS,
OR ATTORNEYS. 

 

(e) Severability.
In the event that any provision of this Agreement 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 of any agreement. Each party
hereto hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding
in connection with this Agreement 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 Agreement 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.

 

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(f) Counsel; Ambiguities.
Each party and its counsel have participated fully in the review and revision of this Agreement and the other Transaction Documents.
The parties understand and agree that any rule of construction to the effect that ambiguities are to be resolved against the drafting
party shall not apply in interpreting this Agreement or the other Transaction Documents. The language in this Agreement and the
other Transaction Documents shall be interpreted as to its fair meaning and not strictly for or against any party.

 

(g) Captions.
The captions of the various sections and paragraphs of this Agreement have been inserted only for the purposes of convenience;
such captions are not a part of this Agreement and shall not be deemed in any manner to modify, explain, enlarge or restrict any
of the provisions of this Agreement.

 

[signature page follows]

 

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IN WITNESS WHEREOF, the parties has caused
this Agreement to be executed on and as of the date set forth above.

 

	 	ECO-SHIFT POWER CORP.
	 	 	 
	 	By: 	 
	 	Name:	Gib Wood
	 	Title:	Chief Executive Officer

 

	SUBSCRIBER:
	 	 	 
	Name of Subscriber:
	 	 	 
	 
	 	 	 
	Address:
	 	 	 
	 
	 	 
	 	 	 

	Fax No.:	 	
	 	 	 
	Taxpayer ID# (if applicable):	 
	 	 	 
	 
	(Signature)	 	 
	 	 	 
	By:	 	 
	 	 	 
	Dated:	 	, 2014

 

[Signature Page to Eco-Shift Power Corp.
Subscription Agreement]NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS DOCUMENT 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 (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 AND
REASONABLY APPROVED BY THE COMPANY), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II)
UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A 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. 

 

CONVERTIBLE
PROMISSORY NOTE 

 

July
__, 2014

 

$____________.00

 

FOR
VALUE RECEIVED, Eco-Shift Power Corp., a Delaware corporation (the “Company”), hereby promises to pay to
the order of _______________________________, having an address at ___________________________________________________________,
or his successors or assigns ( the “Holder”), the principal amount of __________________ and 00/100 United
States Dollars (US$___________.00) on or prior to the one year anniversary of the date hereof (the “Maturity Date”),
and to pay interest on the unpaid principal balance hereof at the rate of eight percent (8%) per annum (the “Applicable
Rate”) commencing as of the date the proceeds hereunder are funded to the Company (the “Funding Date”),
in accordance with the terms hereof. This Convertible Promissory Note (this note, and all modifications, extensions, future advances,
supplements, and renewals thereof, and any substitutions therefor, hereinafter referred to as the “Note”) shall
be payable in accordance with the terms set forth below. This Note is the “Note” referenced in that certain Subscription
Agreement executed on the date hereof by and between the Company and the Holder (the “Subscription Agreement”).
This Note is subject to the terms and conditions contained in the Subscription Agreement.

 

1.
Payments of Principal and Interest.

 

(a)
Payment of Principal. The principal amount of this Note shall be paid to the Holder on or prior to the Maturity Date. 

 

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(b)
Payment of Interest. Interest on the unpaid principal balance of this Note shall accrue at the Applicable Rate commencing
on the Funding Date. Interest shall be computed on the basis of a 360-day year and paid for the actual number of days elapsed.
Accrued and unpaid interest under this Note shall be paid in full on the Maturity Date. Any accrued but unpaid interest shall,
at the option of the Holder, be included, from time to time, in the Conversion Amount (as defined herein). 

 

(c)
Payment of Default Interest. Any amount of principal or interest on this Note which is not paid when due shall bear interest
from the date due until such past due amount is paid at a rate of interest equal to the Applicable Rate plus four percent (4%)
per annum (the “Default Rate”). Any accrued but unpaid interest at the Default Rate shall, at the option
of the Holder, be included, from time to time, in the Conversion Amount. 

 

(d)
General Payment Provisions. All payments of principal and interest on this Note shall be made in lawful money of the United
States of America by certified bank check or wire transfer to such account as the Holder may designate by written notice to the
Company in accordance with the provisions of this Note. Whenever any amount expressed to be due by the terms of this Note is due
on any day which is not a Business Day, the same shall instead be due on the next succeeding Business Day. For purposes of this
Note, “Business Day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the State
of California are authorized or required by law or executive order to remain closed. 

 

(e)
Prepayment. At any time prior to the Maturity Date and/or the Conversion Date, the Company may pre-pay this Note in full
or in part without penalty upon receiving the written consent of the Holder. Upon prepayment of this Note in full, the Holder
shall have no further rights under this Note (except for such rights that may specifically survive the payment of the Note), including
no rights of conversion. 

 

2.
Conversion of Note. At any time and from time to time after the Funding Date and up to the Maturity Date, this Note may
be, at the sole option of the Holder, convertible into shares of the Company’s common stock (the “Common Stock”),
in accordance with the terms and conditions set forth in this Section.

 

(a)
Voluntary Conversion. At any time while this Note is outstanding on or after the Funding Date, the Holder may convert all
or any portion of the outstanding principal and accrued and unpaid interest (such total amount, the “Conversion Amount”)
into shares of Common Stock of the Company (the “Conversion Shares”) at a price equal to $0.15 per share (the
“Conversion Price”). The Holder shall submit a conversion notice (in the form attached hereto as Exhibit
“A”, the “Conversion Notice”) indicating the amount of the Note being converted, the number
of Conversion Shares issuable upon such conversion, and where the Conversion Shares should be delivered. 

 

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(b)
The Holder’s Conversion Limitations. The Company shall not affect any conversion of this Note, and the Holder shall
not have the right to convert any portion of this Note, to the extent that after giving effect to the conversion set forth on
the Conversion Notice submitted by the Holder, the Holder (together with the Holder’s affiliates (as defined herein) and
any Persons acting as a group together with the Holder or any of the Holder’s affiliates) would beneficially own in excess
of the Beneficial Ownership Limitation (as defined herein). To ensure compliance with this restriction, prior to delivery of any
Conversion Notice, the Holder shall have the right to request that the Company provide to the Holder a written statement of the
percentage ownership of the Company’s Common Stock that would by beneficially owned by the Holder and its affiliates in
the Company if the Holder converted such portion of this Note then intended to be converted by Holder. The Company shall, within
five (5) business days of such request, provide Holder with the requested information in a written statement, and the Holder shall
be entitled to rely on such written statement from the Company in issuing its Conversion Notice and ensuring that its ownership
of the Company’s Common Stock is not in excess of the Beneficial Ownership Limitation. The restriction described in this
Section may be waived by Holder, in whole or in part, upon sixty-one (61) days’ prior notice from the Holder to the Company
to increase such percentage. For purposes of this Note, the “Beneficial Ownership Limitation” shall be 4.99% of the
number of shares of Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable
upon conversion of this Note. The limitations contained in this Section shall apply to a successor holder of this Note. For purposes
of this Note, “Person” means an individual, a limited liability company, a partnership, a joint venture, a corporation,
a trust, an unincorporated organization or a government or any department or agency thereof.

 

(c)
Mechanics of Conversion. The conversion of this Note shall be conducted in the following manner: 

 

(1)
Holder's Delivery Requirements. To convert this Note into shares of Common Stock on any date set forth in the Conversion
Notice by the Holder (the “Conversion Date”), the Holder shall: (A) transmit by facsimile or electronic
mail (or otherwise deliver) a copy of the fully executed Conversion Notice to the Company (or, under certain circumstances as
set forth below, by delivery of the Conversion Notice to the Company’s transfer agent); and (B) upon receipt by the Holder
of the Conversion Shares, surrender the original Note to a nationally recognized overnight courier for delivery to the Company.

 

    	3

    	 

    

 

(2)
Company’s Response. Upon receipt by the Company of a copy of a Conversion Notice, the Company shall as soon as practicable,
but in no event later than two (2) Business Days after receipt of such Conversion Notice, send, via facsimile or electronic mail
(or otherwise deliver) a confirmation of receipt of such Conversion Notice (the “Conversion Confirmation”)
to the Holder indicating that the Company will process such Conversion Notice in accordance with the terms herein. Within five
(5) Business Days after the date of the Conversion Confirmation (or the date of the Conversion Notice, if the Company fails to
issue the Conversion Confirmation), provided that the Company’s transfer agent is participating in the Depository Trust
Company (“DTC”) Fast Automated Securities Transfer (“FAST”) program, the Company shall cause
the transfer agent to electronically transmit the applicable Conversion Shares to which the Holder shall be entitled by crediting
the account of the Holder’s prime broker with DTC through its Deposit Withdrawal Agent Commission (“DWAC”)
system, and provide proof satisfactory to the Holder of such delivery. In the event that the Company’s transfer agent is
not participating in the DTC FAST program and is not otherwise DWAC eligible, within five (5) Business Days after the date of
the Conversion Confirmation (or the date of the Conversion Notice, if the Company fails to issue the Conversion Confirmation),
the Company shall instruct and cause its transfer agent to issue and surrender to a nationally recognized overnight courier for
delivery to the address specified in the Conversion Notice, a certificate, registered in the name of the Holder, for the number
of Conversion Shares to which the Holder shall be entitled. If less than the full principal and accrued but unpaid interest amount
of this Note is submitted for conversion, then the Company shall within five (5) Business Days after receipt of the original Note,
at its own expense, issue and deliver to the Holder a new Note for the outstanding principal and interest amount not so converted;
provided that such new Note shall be substantially in the same form as this Note. 

 

(3)
Record Holder. The Person(s) entitled to receive the shares of Common Stock issuable upon a conversion of this Note shall
be treated for all purposes as the record holder(s) of such shares of Common Stock as of the Conversion Date. 

 

(4)
Failure to Deliver Certificates. If in the case of any Conversion Notice, the certificate or certificates are not delivered
to or as directed by the Holder by the date required hereby, the Holder shall be entitled to elect by written notice to the Company
at any time on or before its receipt of such certificate or certificates, to rescind such Conversion Notice, in which event the
Company shall promptly return to the Holder any original Note delivered to the Company and the Holder shall promptly return to
the Company the Common Stock certificates representing the principal amount of this Note unsuccessfully tendered for conversion
to the Company. 

 

(5)
Transfer Taxes. The issuance of certificates for shares of the Common Stock on conversion of this Note shall be made without
charge to the Holder hereof for any documentary stamp or similar taxes, or any other issuance or transfer fees of any nature or
kind that may be payable in respect of the issue or delivery of such certificates, any such taxes or fees, if payable, to be paid
by the Company. 

 

    	4

    	 

    

 

(d)
Adjustments to Conversion Price. 

 

(1)
Stock Dividends and Stock Splits. If the Company, at any time while this Note is outstanding: (i) pays a stock dividend
or otherwise makes a distribution or distributions payable in shares of Common Stock on outstanding shares of Common Stock, (ii)
subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines (including by way of a reverse stock
split) outstanding shares of Common Stock into a smaller number of shares, or (iv) issues, in the event of a reclassification
of shares of Common Stock, any shares of capital stock of the Company, then the Conversion Price shall be multiplied by a fraction,
the numerator of which shall be the number of shares of Common Stock (excluding any treasury shares of the Company) outstanding
immediately before such event, and the denominator of which shall be the number of shares of Common Stock outstanding immediately
after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the
determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the
effective date in the case of a subdivision, combination, or re-classification. 

 

(2)
Fundamental Transaction. If, at any time while this Note is outstanding: (i) the Company effects any merger or consolidation
of the Company with or into another Person, (ii) the Company effects any sale of all or substantially all of its assets in one
transaction or a series of related transactions, (iii) any tender offer or exchange offer (whether by the Company or another Person)
is completed pursuant to which holders of Common Stock are permitted to tender or exchange their shares for other securities,
cash or property, or (iv) the Company effects any reclassification of the Common Stock or any compulsory share exchange pursuant
to which the Common Stock is effectively converted into or exchanged for other securities, cash or property (in any such case,
a “Fundamental Transaction”), then upon any subsequent conversion of this Note, the Holder shall have the right
to receive, for each Conversion Share that would have been issuable upon such conversion immediately prior to the occurrence of
such Fundamental Transaction, the same kind and amount of securities, cash or property as it would have been entitled to receive
upon the occurrence of such Fundamental Transaction if it had been, immediately prior to such Fundamental Transaction, the holder
of one (1) share of Common Stock (the “Alternate Consideration”). For purposes of any such conversion,
the determination of the Conversion Price shall be appropriately adjusted to apply to such Alternate Consideration based on the
amount of Alternate Consideration issuable in respect of one (1) share of Common Stock in such Fundamental Transaction, and the
Company shall apportion the Conversion Price among the Alternate Consideration in a reasonable manner reflecting the relative
value of any different components of the Alternate Consideration. If holders of Common Stock are given any choice as to the securities,
cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate
Consideration it receives upon any conversion of this Note following such Fundamental Transaction. To the extent necessary to
effectuate the foregoing provisions, any successor to the Company or surviving entity in such Fundamental Transaction shall issue
to the Holder a new note consistent with the foregoing provisions and evidencing the Holder’s right to convert such note
into Alternate Consideration. The terms of any agreement pursuant to which a Fundamental Transaction is effected shall include
terms requiring any such successor or surviving entity to comply with the provisions of this Section and insuring that this Note
(or any such replacement security) will be similarly adjusted upon any subsequent transaction analogous to a Fundamental Transaction.

 

    	5

    	 

    

 

(3)
Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any provision of this Note, the Company
shall promptly deliver to Holder a notice setting forth the Conversion Price after such adjustment and setting forth a brief statement
of the facts requiring such adjustment.

 

(4)
Notice to Allow Conversion by Holder. If: (A) the Company shall declare a dividend (or any other distribution in whatever
form) on the Common Stock, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common
Stock, (C) the Company shall authorize the granting to all holders of the Common Stock of rights or warrants to subscribe for
or purchase any shares of capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall
be required in connection with any reclassification of the Common Stock, any consolidation or merger to which the Company is a
party, any sale or transfer of all or substantially all of the assets of the Company, of any compulsory share exchange whereby
the Common Stock is converted into other securities, cash or property, or (E) the Company shall authorize the voluntary or involuntary
dissolution, liquidation or winding up of the affairs of the Company, then, in each case, the Company shall cause to be filed
at each office or agency maintained for the purpose of conversion of this Note, and shall cause to be delivered to the Holder
at its last address as it shall appear upon the Company’s records, at least thirty (30) calendar days prior to the applicable
record or effective date hereinafter specified, a notice stating: (x) the date on which a record is to be taken for the purpose
of such dividend, distribution, redemption, rights or warrants, or if a record is not to be taken, the date as of which the holders
of the Common Stock of record to be entitled to such dividend, distributions, redemption, rights or warrants are to be determined,
or (y) the date on which such reclassification, consolidation, merger, sale, transfer or share exchange is expected to become
effective or close, and the date as of which it is expected that holders of the Common Stock of record shall be entitled to exchange
their shares of the Common Stock for securities, cash or other property deliverable upon such reclassification, consolidation,
merger, sale, transfer or share exchange, provided that the failure to deliver such notice or any defect therein or in the delivery
thereof shall not affect the validity of the corporate action required to be specified in such notice. The Holder is entitled
to convert this Note during the 10-day period commencing on the date of such notice through the effective date of the event triggering
such notice. 

 

(e)
Reservation of Common Stock. The Company shall reserve and keep available out of its authorized but unissued shares of
Common Stock, solely for the purpose of effecting the conversion of this Note, such number of shares of Common Stock as shall
from time to time be sufficient to effect such conversion, based upon the Conversion Price.

 

3.
Voting Rights. The Holder shall have no voting rights under this Note, except as required by applicable law, including,
but not limited to, the Wyoming Corporations Law, and as expressly provided in this Note. 

 

    	6

    	 

    

 

4.
Short Sales. Holder represents and agrees, as applicable: (i) Holder has not prior to the date hereof, entered into or
effected any Short Sales; and (ii) so long as the Note remains outstanding, Holder will not enter into or effect any Short Sales.
The Company acknowledges and agrees that upon submission of a Conversion Notice as set forth herein, Holder immediately owns the
Common Stock described in the Conversion Notice and any sale of that Common Stock issuable under such Conversion Notice would
not be considered Short Sales. For purposes herein, “Short Sales” shall mean entering into any short sale or other
hedging transaction which establishes a net short position with respect to the Company’s Common Stock. 

 

5.
Defaults and Remedies. 

 

(a)
Events of Default. The occurrence of any of the following events shall constitute an “Event of Default”
hereunder: (i) the Company shall fail to pay any installment of interest, principal or other sums due under this Note within ten
(10) business days of when any such payment shall be due and payable; (ii) the Company makes an assignment for the benefit of
creditors; (iii) any order or decree is rendered by a court which appoints or requires the appointment of a receiver, liquidator
or trustee for the Company, and the order or decree is not vacated within sixty (60) days from the date of entry thereof; (iv)
any order or decree is rendered by a court adjudicating the Company insolvent, and the order or decree is not vacated within sixty
(60) days from the date of entry thereof; (v) the Company files a petition in bankruptcy under the provisions of any bankruptcy
law or any insolvency act; (vi) the Company admits, in writing, its inability to pay its debts as they become due (provided, however,
that receipt by the Company of an audit letter from its accountants questioning the viability of the Company as a going concern
shall not, in and of itself, be construed as an admission by the Company of its inability to pay its debts as they become due);
(vii) a proceeding or petition in bankruptcy is filed against the Company and such proceeding or petition is not dismissed within
ninety (90) days from the date it is filed; (viii) the Company files a petition or answer seeking reorganization or arrangement
under the bankruptcy laws or any law or statute of the United States or any other foreign country or state; or (ix) the Company
shall fail to perform, comply with or abide by any of the stipulations, agreements, conditions and/or covenants contained in this
Note on the part of the Company to be performed complied with or abided by, and such failure is not cured within thirty (30) days
after written notice of such failure is delivered by Holder to the Company. 

 

(b)
Remedies. Upon the occurrence of one or more Events of Default, the Holder, at its option and without further notice, demand
or presentment for payment to the Company or others, may declare the then outstanding principal balance of this Note, together
with all other sums due under the Note, immediately due and payable, together with all accrued and unpaid interest thereon and
thereafter all such sums shall bear interest at the Default Rate, together with all reasonable attorneys’ fees, paralegals’
fees and costs and expenses incurred by the Holder in collecting or enforcing payment thereof (whether such reasonable fees, costs
or expenses are incurred in negotiations, all trial and appellate levels, administrative proceedings, bankruptcy proceedings or
otherwise), and all other sums due by the Company hereunder, all without any relief whatsoever from any valuation or appraisement
laws and payment thereof may be enforced and recovered in whole or in part at any time by one or more of the remedies provided
to the Holder at law, in equity, or under this Note. 

 

    	7

    	 

    

 

6.
Lost or Stolen Note. Upon notice to the Company of the loss, theft, destruction or mutilation of this Note, and, in the
case of loss, theft or destruction, of an indemnification undertaking by the Holder to the Company in a form reasonably acceptable
to the Company and customary for similar circumstances in commercial lender/borrower circumstances, and, in the case of mutilation,
upon surrender and cancellation of the Note, the Company shall execute and deliver a new Note of like tenor and date and in substantially
the same form as this Note; provided, however, the Company shall not be obligated to re-issue a Note if the Holder contemporaneously
requests the Company to convert such remaining principal amount and interest into Common Stock. 

 

7.
Cancellation. After all principal, accrued interest and all other sums at any time owed on this Note have been paid in
full, this Note shall automatically be deemed canceled, shall be surrendered to the Company for cancellation and shall not be
re-issued. 

 

8.
Applicable Law and Arbitration. This Note shall be construed and enforced in accordance
with, and all questions concerning the construction, validity, interpretation and performance of this Note shall be governed by,
the laws of the State of California, without regard to principles of conflicts of law. The Parties agree that any dispute
arising out of this Note or concerning this Note, including but not limited to disputes
as to arbitrability and all disputes with the Company or any of its Placement Agents or Dealers, or any employee, agent, representative,
officer, director or attorney of the Company or any Placement Agent or Dealer, shall be resolved through final, binding, non-appealable
arbitration, before a single, neutral arbitrator, at JAMS, in Los Angeles County, California in
accordance with the rules and regulations of the American Arbitration Association. Venue of all arbitration shall be JAMS
Dispute Resolution Center, Los Angeles County, California. The Parties agree that each side will pay fifty percent (50%) of the
cost of any arbitration proceedings. Judgment on any arbitration award may be entered in any Court having jurisdiction. Any arbitration
award shall be in United States Dollars and may be enforced in any jurisdiction in which the party against whom enforcement is
sought maintains assets. The Parties agree that the arbitrator shall enforce the plain terms of this Note, notwithstanding any
law or policy to the contrary. The Parties agree to limit their respective testimony at any arbitration hearing to three hours
per side. HOLDER HEREBY WAIVES ANY RIGHT TO SEEK ANY TYPE OF DAMAGES OTHER THAN COMPENSATORY
DAMAGES, INCLUDING BUT NOT LIMITED TO CONSEQUENTIAL DAMAGES AND PUNITIVE DAMAGES. HOLDER HEREBY FURTHER WAIVES THE RIGHT TO A
TRIAL BY JURY, THE RIGHT TO BRING A CLASS ACTION SUIT, AND OTHER POTENTIAL REMEDIES THAT OTHERWISE MAY BE AFFORDED BY LAW. THIS
IS A CLASS ACTION WAIVER THAT APPLIES TO ALL DISPUTES ARISING OUT OF THIS NOTE, INCLUDING BUT NOT LIMITED TO ANY DISPUTES WITH
THE COMPANY, ITS PLACEMENT AGENT, OR ITS DEALERS, AND ALL OF THEIR EMPLOYEES, AGENTS, REPRESENTATIVES, OFFICERS, DIRECTORS, OR
ATTORNEYS.

 

9.
Remedies, Characterizations, Other Obligations, Breaches and Injunctive Relief. The remedies of the Holder as provided
herein shall be cumulative and concurrent and may be pursued singly, successively or together, at the sole discretion of the Holder,
and may be exercised as often as occasion therefor shall occur; and the failure to exercise any such right or remedy shall in
no event be construed as a waiver or release thereof. 

 

    	8

    	 

    

 

10.
Specific Shall Not Limit General; Construction. No specific provision contained in this Note shall limit or modify any
more general provision contained herein. This Note shall be deemed to be jointly drafted by the Company and the Holder and shall
not be construed against any person as the drafter hereof. 

 

11.
Failure or Indulgence Not Waiver. Holder shall not be deemed, by any act of omission or commission, to have waived any
of its rights or remedies hereunder, unless such waiver is in writing and signed by Holder, and then only to the extent specifically
set forth in the writing. A waiver on one event shall not be construed as continuing or as a bar to or waiver of any right or
remedy to a subsequent event. 

 

12.
Notice. Notice shall be given to each party at the address indicated in the preamble hereto or at such other address as
provided to the other party in writing. 

 

13.
Usury Savings Clause. Notwithstanding any provision in this Note, the total liability for payments of interest and payments
in the nature of interest, including, without limitation, all charges, fees, exactions, or other sums which may at any time be
deemed to be interest, shall not exceed the limit imposed by the usury laws of the jurisdiction governing this Note or any other
applicable law. In the event the total liability of payments of interest and payments in the nature of interest, including, without
limitation, all charges, fees, exactions or other sums which may at any time be deemed to be interest, shall, for any reason whatsoever,
result in an effective rate of interest, which for any month or other interest payment period exceeds the limit imposed by the
usury laws of the jurisdiction governing this Note, all sums in excess of those lawfully collectible as interest for the period
in question shall, without further agreement or notice by, between, or to any party hereto, be applied to the reduction of the
outstanding principal balance of this Note immediately upon receipt of such sums by the Holder hereof, with the same force and
effect as though the Company had specifically designated such excess sums to be so applied to the reduction of such outstanding
principal balance and the Holder hereof had agreed to accept such sums as a penalty-free payment of principal; provided, however,
that the Holder of this Note may, at any time and from time to time, elect, by notice in writing to the Company, to waive, reduce,
or limit the collection of any sums in excess of those lawfully collectible as interest rather than accept such sums as a prepayment
of the outstanding principal balance. It is the intention of the parties that the Company does not intend or expect to pay nor
does the Holder intend or expect to charge or collect any interest under this Note greater than the highest non-usurious rate
of interest that may be charged under applicable law. 

 

14.
Binding Effect. This Note shall be binding upon the Company and the successors and assigns of the Company and shall inure
to the benefit of Holder and the successors and assigns of Holder. 

 

    	9

    	 

    

 

15.
Severability. In the event any one or more of the provisions of this Note shall for any reason be held to be invalid, illegal,
or unenforceable, in whole or in part, in any respect, or in the event that any one or more of the provisions of this Note operates
or would prospectively operate to invalidate this Note, then and in any of those events, only such provision or provisions shall
be deemed null and void and shall not affect any other provision of this Note. The remaining provisions of this Note shall remain
operative and in full force and effect and shall in no way be affected, prejudiced, or disturbed thereby. 

 

16.
Participations. Holder may from time to time sell or assign, in whole or in part, or grant participations in this Note
and/or the obligations evidenced hereby, subject, however, to first obtaining the Company’s written consent. The holder
of any such sale, assignment or participation, if the applicable agreement between Holder and such holder so provides, shall be:
(a) entitled to all of the rights, obligations and benefits of Holder (to the extent of such holder’s interest or participation);
and (b) deemed to hold and may exercise the rights of setoff or banker’s lien with respect to any and all obligations of
such holder to the Company (to the extent of such holder’s interest or participation), in each case as fully as though the
Company was directly indebted to such holder. 

 

17.
Amendments. The provisions of this Note may be changed only by a written agreement executed by the Company and Holder.

 

[Signature
pages follows] 

 

    	10

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Note to be executed on and as of the date set forth above.

 

	 	ECO-SHIFT
    POWER CORP.
	 	 	 
	 	By:	 
	 	Name:	Gib
    Wood
	 	Title:	Chief
    Executive Officer

 

[
Signature Page to Promissory Note ] 

 

    	 

    	 

    

 

EXHIBIT
A 

 

NOTICE
OF CONVERSION 

 

The
undersigned hereby elects to convert principal and/or interest under the Convertible Promissory Note (the “Note”)
of Eco-Shift Power Corp. (the “Company”), into shares of common stock (the “Common Shares”),
of the Company in accordance with the conditions of the Note, as of the date written below.

 

Based
solely on information provided by the Company to Holder, the undersigned represents and warrants to the Company that its ownership
of the Common Shares does not exceed the amounts determined in accordance with Section 13(d) of the Exchange Act of 1934, as amended,
specified under Section 2(b) of the Note.

 

Conversion
calculations

 

	Effective
    Date of Conversion: 		 
	 	 	 
	Principal
    Amount and/or Interest to be Converted: 		 
	 	 	 
	Number
    of Common Shares to be Issued: 		 

 

[
HOLDER ] 

 

	 	By:	 	 
	 	 	 	 
	 	Name:	 	 
	 	 	 	 
	 	Title:	 	 
	 	 	 	 
	 	Address:

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