Document:

Exhibit 10.2

 

NEITHER THIS NOTE NOR THE SECURITIES INTO WHICH
THIS NOTE IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE. THESE
SECURITIES HAVE BEEN SOLD IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

 

HOME BISTRO, INC.

15% CONVERTIBLE NOTE

 

	Issuance Date: September 9, 2022	Original Principal Amount: $150,000 
	Note No. HBIS-3	Consideration Paid at Close: $135,000

 

FOR VALUE RECEIVED, Home
Bistro, Inc., a Nevada corporation with a par value of $0.001 per common share (“Par Value”) (the “Company”),
hereby promises to pay to the order of Greentree Financial Group, Inc., a Florida corporation, or registered assigns (the “Holder”)
the amount set out above as the Original Principal Amount (this “Note”) (as reduced pursuant to the terms hereof pursuant
to redemption, conversion or otherwise, the “Principal”) when due, whether upon the Maturity Date (as defined below),
acceleration, redemption or otherwise (in each case in accordance with the terms hereof) and to pay interest (“Interest”)
on any outstanding Principal at the rate of fifteen percent (15%) per annum from the date hereof (the “Issuance Date”)
until the same becomes due and payable, upon the Maturity Date or acceleration, conversion, redemption or otherwise (in each case in accordance
with the terms hereof).

 

The Original Principal Amount
is $150,000 (one hundred fifty thousand dollars and zero cents) plus accrued and unpaid interest and any other fees. The Consideration
is $135,000 (one hundred thirty-five thousand dollars and zero cents) payable by wire transfer (there exists a $15,000 prorated
original issue discount (the “OID”)). The Holder shall pay $135,000 of Consideration upon closing of this Note pursuant
to a disbursement authorization dated as of the Issuance Date and signed by the Company.

 

(1) GENERAL
TERMS.

 

(a) Payment of Principal.
The maturity date shall be September 9, 2023 (the “Maturity Date”), and is the date upon which the Principal (which
includes the OID) and interest and any accrued and unpaid interest and other fees, shall be due and payable. Notwithstanding the foregoing,
this Note shall be due and payable on such earlier date as this Note is required to be repaid as provided hereinbelow.

 

(b) Interest Calculations.
Interest shall be calculated on the basis of a 360-day year, consisting of twelve 30 calendar day periods, and shall accrue daily commencing
on the Issuance Date until payment in full of the outstanding principal, together with all accrued and unpaid interest, liquidated damages
and other amounts which may become due hereunder, has been made. Interest hereunder will be paid to the Person in whose name this Note
is registered on the records of the Company regarding registration and transfers of this Note on (i) the Maturity Date and (ii) any other
date on which principal is paid or payable under this Note, on the principal amount so paid or payable.

 

(c) Security. This
Note shall not be secured by any collateral or any assets pledged to the Holder.

 

(2) DEFINITIONS.
For the purposes hereof, in addition to the terms defined elsewhere in this Note, (a) capitalized terms not otherwise defined herein
shall have the meanings set forth in the Purchase Agreement (as defined in this Note) and (b) the following terms shall have the
following meanings:

 

“Business Day”
means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by
law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to
remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar
orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic
funds transfer systems (including for wire transfers) of commercial banks in The City of New York are generally are open for use by customers
on such day.

 

     

     

    

 

“Common Stock Equivalents”
means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including,
without limitation, any debt, preferred stock, rights, options, warrants or other instrument that is at any time convertible into or exercisable
or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

 

“Conversion Amount”
means the portion of the Original Principal Amount and Interest to be converted, plus any penalties, redeemed or otherwise with respect
to which this determination is being made.

 

“Conversion Price”
means the per share conversion price into which Principal and Interest under this Note shall be convertible into shares of Common Stock
hereunder, which shall equal the lower of (i) 75% of the closing price of the Common Stock on the date of the investment, and (ii) 90%
of the lowest volume weighted average price for the Common Stock during the five (5) Trading Day
period ending on the latest complete Trading Day prior to the Conversion Date, provided, however, that if the Company consummates
an Uplist Offering (as defined in this Note) on or before the date that is one hundred and eighty (180) calendar days after the Issuance
Date, then the Conversion Price shall equal 75% of the offering price per share of Common Stock (or unit, if units are offered in the
Uplist Offering) at which the Uplist Offering is made (for the avoidance of doubt, if a unit includes more than one share of the Common
Stock in the Uplist Offering, the Conversion Price shall mean 75% of the unit price divided by the number of shares of Common Stock contained
in a unit). Unless otherwise adjusted pursuant to the terms of this Note, if the date of a respective conversion under this Note is prior
to the date of the Company’s consummation of an Uplist Offering, then the Conversion Price shall equal $0.135 per share.

 

“Person”
and “Persons” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust,
an unincorporated organization, any other entity and any governmental entity or any department or agency thereof.

 

“Purchase Agreement”
means the Securities Purchase Agreement, dated as of September 9, 2022, by and among the Company and the original Holders, as amended,
modified or supplemented from time to time in accordance with its terms.

 

“Trading Day”
means any day during which the principal market on which the Common Stock is traded shall be open for business, provided, however, that
if the Common Stock is not then listed or quoted on any Principal Market, then any calendar day

 

“Uplist Offering”
means an offering of Common Stock (or units consisting of Common Stock and warrants to purchase Common Stock) that will result in the
immediate listing for trading of the Common Stock on the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq
Global Select Market, the New York Stock Exchange, or any other national securities exchange (or any successors to any of the foregoing).

 

(3) EVENTS
OF DEFAULT.

 

(a) An
“Event of Default”, wherever used herein, means any one of the following events (whatever the reason and whether it
shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court, or any order,
rule or regulation of any administrative or governmental body):

 

(i) The
Company’s failure to pay to the Holder any amount of Principal, Interest, or other amounts when and as due under this Note or pursuant
to the Purchase Agreement (including, without limitation, the Company’s failure to pay any amounts hereunder); and

 

(ii) A
Conversion Failure as defined in section 4(b)(ii)

 

(iii) The
Company or any subsidiary of the Company shall commence, or there shall be commenced against the Company or any subsidiary of the Company
under any applicable bankruptcy or insolvency laws as now or hereafter in effect or any successor thereto, or the Company or any subsidiary
of the Company commences any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution,
insolvency or liquidation or similar law of any jurisdiction whether now or hereafter in effect relating to the Company or any subsidiary
of the Company or there is commenced against the Company or any subsidiary of the Company any such bankruptcy, insolvency or other proceeding
which remains undismissed for a period of 61 days; or the Company or any subsidiary of the Company is adjudicated insolvent or bankrupt;
or any order of relief or other order approving any such case or proceeding is entered; or the Company or any subsidiary of the Company
suffers any appointment of any custodian, private or court appointed receiver or the like for it or any substantial part of its property
which continues undischarged or unstayed for a period of sixty one (61) days; or the Company or any subsidiary of the Company makes a
general assignment for the benefit of creditors; or the Company or any subsidiary of the Company shall fail to pay, or shall state that
it is unable to pay, or shall be unable to pay, its debts generally as they become due; or the Company or any subsidiary of the Company
shall call a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts; or the Company
or any subsidiary of the Company shall by any act or failure to act expressly indicate its consent to, approval of or acquiescence in
any of the foregoing; or any corporate or other action is taken by the Company or any subsidiary of the Company for the purpose of effecting
any of the foregoing;

 

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(iv) The
Company or any subsidiary of the Company shall default in any of its obligations under any other note or any mortgage, credit agreement
or other facility, indenture agreement, factoring agreement or other instrument under which there may be issued, or by which there may
be secured or evidenced any indebtedness for borrowed money or money due under any long term leasing or factoring arrangement of the Company
or any subsidiary of the Company in an amount exceeding $100,000, whether such indebtedness now exists or shall hereafter be created;

 

(v) The
Common Stock is suspended or delisted for trading on the principal market on which the Common Stock is then listed or quoted (including
but not limited to any tier of the OTC Markets, any tier of the NASDAQ Stock Market (including NASDAQ Capital Market), or the NYSE American,
or any successor to such markets);

 

(vi) The
Company loses its ability to deliver shares via “DWAC/FAST” electronic transfer;

 

(vii) The
Company loses its status as “DTC Eligible”;

 

(viii) The
Company shall fail to comply with the reporting requirements of the 1934 Act and/or the Company shall cease to be subject to the reporting
requirements of the 1934 Act;

 

(ix) The
Company shall fail to reserve and keep available out of its authorized Common Stock a number of shares equal to at least two (2) times
the full number of shares of Common Stock issuable upon conversion of all outstanding amounts under this Note;

 

(x) The
Company shall fail to meet all requirements to satisfy the availability of Rule 144 to the Holder or its assigns including but not limited
to timely fulfillment of its filing requirements as a fully-reporting issuer registered with the SEC, requirements for XBRL filings, and
requirements for disclosure of financial statements on its website;

 

(xi) The
failure by the Company to maintain any material intellectual property rights, personal, real property or other assets which are necessary
to conduct its business (whether now or in the future);

 

(xii) The
Company breaches any covenant, agreement, or other term or condition contained in the securities purchase agreement entered into between
the Company and the Holder on the Issuance Date (the “Purchase Agreement”), this Note, the Warrant (as defined in the Purchase
Agreement) (the “Warrant”), or in any agreement, statement or certificate given in writing pursuant hereto or in connection
herewith or therewith;

 

(xiii) Any
representation or warranty of the Company made in the Purchase Agreement, this Note, the Warrant, or in any agreement, statement or certificate
given in writing pursuant hereto or in connection herewith or therewith shall be false or misleading in any material respect when made;
and

 

(xiv) Any
dissolution, liquidation, or winding up of Company or any substantial portion of its business.

 

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(xv) Unavailability
of Rule 144. If, at any time on or after the date which is six (6) months after the Issue Date, the Holder is unable to (i) obtain a standard
“144 legal opinion letter” from an attorney reasonably acceptable to the Holder, the Holder’s brokerage firm (and respective
clearing firm), and the Company’s transfer agent in order to facilitate the Holder’s conversion of any portion of the Note
into free trading shares of the Company’s Common Stock pursuant to Rule 144, and (ii) thereupon deposit such shares into the Holder’s
brokerage account.

 

(xvi) OTC
Markets Designation. OTC Markets changes the Company’s designation to ‘No Information’ (Stop Sign), ‘Caveat Emptor’
(Skull and Crossbones), or ‘OTC’, ‘Other OTC’ or ‘Grey Market’ (Exclamation Mark Sign).

 

(b) Upon
the occurrence and during the continuation of any Event of Default, the Note shall become immediately due and payable and the Company
shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to 150% times the sum of (w) the then outstanding
principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the date of payment
(the “Mandatory Prepayment Date”) plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and/or (x)
plus (z) any amounts owed to the Holder pursuant to Article IV hereof (the then outstanding principal amount of this Note to the date
of payment plus the amounts referred to in clauses (x), (y) and (z) shall collectively be known as the “Default Amount”) and
all other amounts payable hereunder shall immediately become due and payable, all without demand, presentment or notice, all of which
hereby are expressly waived, together with all costs, including, without limitation, legal fees and expenses, of collection, and the Holder
shall be entitled to exercise all other rights and remedies available at law or in equity. Upon an Event of Default, at the option of
the Holder the Conversion Price shall equal 90% of the lowest volume weighted average price for
the Common Stock during the five (5) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date.

 

If the Company fails to pay the Default Amount
within ten (10) business days of written notice that such amount is due and payable, then the Holder shall have the right at any time,
to convert the balance owed pursuant to the note including the Default Amount into shares of common stock of the Company as set forth
herein.

 

(4)  CONVERSION OF NOTE. This
Note shall be convertible into shares of the Company’s Common Stock, on the terms and conditions set forth in this Section 4.

 

(a) Conversion Right. The Holder shall have the right at any time on or following the earlier of (i) the date that an Event of Default
(as defined in this Note) occurs or (ii) the date that the Uplist Offering is consummated, to convert all or any portion of the then outstanding
and unpaid Principal and Interest into fully paid and non-assessable shares of Common Stock, as such Common Stock exists on the Issuance
Date, or any shares of capital stock or other securities of the Company into which such Common Stock shall hereafter be changed or reclassified,
at the Conversion Price (as defined below) determined as provided herein (a “Conversion”). The number of shares of
Common Stock issuable upon conversion of any Conversion Amount pursuant to this Section 4(a) shall be equal to the quotient of dividing
the Conversion Amount by the Conversion Price. The Company shall not issue any fraction of a share of Common Stock upon any conversion.
If the issuance would result in the issuance of a fraction of a share of Common Stock, the Company shall round such fraction of a share
of Common Stock up to the nearest whole share. The Company shall pay any and all transfer agent fees, legal fees, costs and any other
fees or costs that may be incurred or charged in connection with the issuance of shares of the Company’s Common Stock to the Holder
arising out of or relating to the conversion of this Note.

 

(b) Mechanics
of Conversion.

 

(i) Optional
Conversion. To convert any Conversion Amount into shares of Common Stock on any date that the Holder is permitted to effectuate a
conversion pursuant to the terms of this Note (a “Conversion Date”), the Holder shall (A) transmit by email, facsimile,
or other form of delivery, on or prior to 11:59 p.m., New York, NY Time, on such date, a copy of an executed notice of conversion in the
form attached hereto as Exhibit A (the “Conversion Notice”) to the Company. On or before the third (3rd)
Business Day following the date of Holder’s transmission of a Conversion Notice (the “Share Delivery Date”),
the Company shall (A) if legends are not required to be placed on certificates of Common Stock pursuant to the then existing provisions
of Rule 144 of the Securities Act of 1933 (“Rule 144”) or any other applicable exemption or registration and provided that
the Transfer Agent is participating in the Depository Trust Company’s (“DTC”) Fast Automated Securities Transfer
Program and the Holder provides full and complete DTC delivery instructions, credit such aggregate number of shares of Common Stock to
which the Holder shall be entitled to the Holder’s or its designee’s balance account with DTC through its Deposit Withdrawal
At Custodian system, (B) if the Transfer Agent is not participating in the DTC Fast Automated Securities Transfer Program, issue and deliver
to the address as specified in the Conversion Notice, a certificate or book-entry position, registered in the name of the Holder or its
designee, for the number of shares of Common Stock to which the Holder shall be entitled which certificates shall not bear any restrictive
legends unless required pursuant the Rule 144 or (C) if a restrictive legend is required to be placed on certificates of Common Stock
pursuant to the then existing federal securities laws, issue and deliver to the address as specified in the Conversion Notice, a certificate,
registered in the name of the Holder or its designee, for the number of shares of Common Stock to which the Holder shall be entitled which
certificates shall bear the applicable restrictive legend. If this Note is physically surrendered for conversion and the outstanding Principal
of this Note is greater than the Principal portion of the Conversion Amount being converted, then the Company shall, upon request of the
Holder, as soon as practicable and in no event later than three (3) Business Days after receipt of this Note and at its own expense, issue
and deliver to the holder a new Note representing the outstanding Principal not converted. The Person or Persons 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 or holders of such
shares of Common Stock upon the transmission of a Conversion Notice.

 

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(ii) Company’s
Failure to Timely Convert. If within three (3) Business Days after the Holder’s transmission of the facsimile, email, or other
form of delivery of the Conversion Notice to the Company, the Company shall fail to issue and deliver to Holder pursuant to the terms
of this Note the number of shares of Common Stock to which the Holder is entitled upon such holder’s conversion of any Conversion
Amount (a “Conversion Failure”), the Original Principal Amount of the Note shall increase by $2,000 per day until the
Company issues and delivers the number of shares of Common Stock to which the Holder is entitled to the Holder pursuant to the terms of
this Note (under Holder’s and Company’s expectation that any damages will tack back to the Issuance Date). If the Company
fails to deliver the number of shares of Common Stock to which the Holder is entitled on or before the Share Delivery Date, resulting
in a Conversion Failure, the Holder, at any time prior to selling all of those shares, may rescind any portion, in whole or in part, of
that particular conversion attributable to the unsold shares and have the rescinded conversion amount returned to the Outstanding Balance
with the rescinded conversion shares returned to the Company (under Holder’s and Company’s expectations that any returned
conversion amounts will tack back to the original date of the Note), provided that the rescission of any portion, in whole or in part,
of a Conversion Notice shall not affect the Company’s obligations to make any payments which have accrued prior to the date of such
rescission.

 

(iii) DWAC/FAST Eligibility. If
the Company fails for any reason to deliver to the Holder the Shares by DWAC/FAST electronic transfer or by delivering a physical stock
certificate pursuant to the terms of this Note, or if there is a Conversion Failure as defined in Section 4(b)(ii) of this Note, and if
the Holder incurs a Market Price Loss (as defined below), then at any time subsequent to incurring the loss the Holder may provide the
Company written notice indicating the amounts payable to the Holder in respect of the Market Price Loss and the Company must make the
Holder whole by either of the following options at Holder’s election:

 

Market Price Loss = [(High
trade price for the period between the day of conversion and the day the shares clear in the Holder’s brokerage account) x (Number
of shares receivable from the conversion)] – [(Net Sales price realized by Holder) x (Number of shares receivable from the conversion)].

 

Option A – Pay Market
Price Loss in Cash. The Company must pay the Market Price Loss by cash payment, and any such cash payment must be made by the third business
day from the time of the Holder’s written notice to the Company.

 

Option B – Add Market
Price Loss to Outstanding Balance. The Company must pay the Market Price Loss by adding the Market Price Loss to the Outstanding Balance
(under Holder’s and the Company’s expectation that any Market Price Loss amounts will tack back to the Issuance Date).

 

(iv) Book-Entry.
Notwithstanding anything to the contrary set forth herein, upon conversion of any portion of this Note in accordance with the terms hereof,
the Holder shall not be required to physically surrender this Note to the Company unless (A) the full Conversion Amount represented by
this Note is being converted or (B) the Holder has provided the Company with prior written notice (which notice may be included in a Conversion
Notice) requesting reissuance of this Note upon physical surrender of this Note. The Holder and the Company shall maintain records showing
the Principal and Interest converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the
Holder and the Company, so as not to require physical surrender of this Note upon conversion.

 

(c) Limitations
on Conversions or Trading.

 

(i) Beneficial
Ownership. The Company shall not effect any conversions of this Note and the Holder shall not have the right to convert any portion
of this Note or receive shares of Common Stock as payment of interest hereunder to the extent that after giving effect to such conversion
or receipt of such interest payment, the Holder, together with any affiliate thereof, would beneficially own (as determined in accordance
with Section 13(d) of the Exchange Act and the rules promulgated thereunder) in excess of 4.99% of the number of shares of Common Stock
outstanding immediately after giving effect to such conversion. Since the Holder will not be obligated to report to the Company the number
of shares of Common Stock it may hold at the time of a conversion hereunder, unless the conversion at issue would result in the issuance
of shares of Common Stock in excess of 4.99% of the then outstanding shares of Common Stock without regard to any other shares which may
be beneficially owned by the Holder or an affiliate thereof, the Holder shall have the authority and obligation to determine whether the
restriction contained in this Section will limit any particular conversion hereunder and to the extent that the Holder determines that
the limitation contained in this Section applies, the determination of which portion of the principal amount of this Note is convertible
shall be the responsibility and obligation of the Holder. If the Holder has delivered a Conversion Notice for a principal amount of this
Note that, without regard to any other shares that the Holder or its affiliates may beneficially own, would result in the issuance in
excess of the permitted amount hereunder, the Company shall notify the Holder of this fact and shall honor the conversion for the maximum
principal amount permitted to be converted on such Conversion Date in accordance with Section 3(a) and, any principal amount tendered
for conversion in excess of the permitted amount hereunder shall remain outstanding under this Note. The provisions of this Section may
be waived by Holder upon not less than 65 days prior written notification to the Company.

 

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(ii) Capitalization.
So long as this as this Note is outstanding, upon written request of the Holder, the Company shall furnish to the Holder the then-current
number of common shares issued and outstanding, the then-current number of common shares authorized, and the then-current number of shares
reserved for third parties.

 

(d) Other
Provisions.

 

(i) Share Reservation. The
Company shall at all times reserve and keep available out of its authorized Common Stock a number of shares equal to at least 2 (two)
times the full number of shares of Common Stock issuable upon conversion of all outstanding amounts under this Note; and within 3 (three)
Business Days following the receipt by the Company of a Holder’s notice that such minimum number of shares of Common Stock is not
so reserved, the Company shall promptly reserve a sufficient number of shares of Common Stock to comply with such requirement.

 

(ii) Prepayment.
At any time prior to the date that an Event of Default occurs under this Note, the Company shall have the option, upon 10 Business Days’
notice (the “Prepayment Notice Period”) to Holder, to pre-pay the entire remaining outstanding principal amount of this Note
in cash, provided that (i) the Company shall pay the Holder (x) 115% of the Outstanding Balance plus (y) accrued and unpaid interest
on the Outstanding Balance, (ii) such amount must be paid in cash on the next Business Day following such the Prepayment Notice Period,
and (iii) so long as Holder is entitled to convert the Note at such time pursuant to the terms of this Note, the Holder may still convert
the Note pursuant to the terms hereof at all times until such prepayment amount has been received in full. Except as set forth in this
Section the Company may not prepay this Note in whole or in part.

 

(iii) Terms
of Future Issuances. So long as this Note is outstanding, upon any issuance by the Company or any of its subsidiaries of any promissory
note, debenture or security (each referred to as a “Security”) (or upon any amendment to or conversion of any existing Security)
with any term more favorable to the holder of such Security or with a term in favor of the holder of such Security that was not similarly
provided to the Holder in this Note, then the Company shall notify the Holder of such additional or more favorable term and such term,
at Holder’s option, shall become a part of the Note. The types of terms contained in another Security that may be more favorable
to the holder of such Security include, but are not limited to, terms addressing conversion discounts, conversion lookback periods, conversions
or exchanges of existing notes or debentures, interest rates, original issue discounts, stock sale price, private placement price per
share, and warrant coverage.

 

(iv) Dilutive
Issuances. If the Company or any subsidiary thereof, as applicable, at any time while this Note is outstanding, shall sell or grant
any option to purchase, or sell or grant any right to re-price, or otherwise dispose of or issue (or announce any offer, sale, grant or
any option to purchase or other disposition) any Common Stock or Common Stock Equivalents entitling any Person to acquire shares of Common
Stock (other than an Exempt Issuance), at an effective price per share less than the then Conversion Price (such lower price, the “Base
Share Price” and such issuances collectively, a “Dilutive Issuance”) (if the holder of the Common Stock or
Common Stock Equivalents so issued shall at any time, whether by operation of purchase price adjustments, reset provisions, floating conversion,
exercise or exchange prices or otherwise, or due to warrants, options or rights per share which are issued in connection with such issuance,
be entitled to receive shares of Common Stock at an effective price per share which is less than the Conversion Price, such issuance shall
be deemed to have occurred for less than the Conversion Price on such date of the Dilutive Issuance), then the Conversion Price shall
be reduced and only reduced to equal the Base Share Price. Such adjustment shall be made whenever such Common Stock or Common Stock Equivalents
are issued. Notwithstanding the foregoing, the Holder may only enforce its rights under this Section 4(d)(iv) after the date that is one
hundred eighty (180) calendar days after the Issuance Date, provided, however, that at such time the Holder may enforce its rights to
all adjustments hereunder that apply even if the Dilutive Issuance occurred prior to the date that is one hundred eighty (180) calendar
days after the Issuance Date. “Exempt Issuance” shall mean: (i) Common Stock and Common Stock Equivalents issued pursuant
to an Uplist Offering, (ii) Common Stock or Common Stock Equivalents issued to employees or directors of, or consultants, advisors
or service providers to, the Company or any of its subsidiaries pursuant to a plan, agreement or arrangement approved by the Board of
Directors of the Company, (iii) shares Common Stock actually issued upon the exercise of Common Stock Equivalents for which an adjustment
has already been made pursuant to this Section 4(d)(iv), (iv) Common Stock and Common Stock Equivalents issued to banks, equipment
lessors or other financial institutions, or to real property lessors, pursuant to a debt financing, equipment leasing or real property
leasing transaction approved by the Board of Directors of the Company, (v)  Common Stock and Common Stock Equivalents issued to suppliers
or third party service providers in connection with the provision of goods or services pursuant to transactions approved by the Board
of Directors of the Company, (vi) Common Stock and Common Stock Equivalents issued as acquisition consideration pursuant to the acquisition
of another business by the Company by merger, purchase of substantially all of the assets or other reorganization or to a joint venture
agreement, provided that such issuances are approved by the Board of Directors of the Company, and (vii) Common Stock and
Common Stock Equivalents issued in connection with sponsored research, collaboration, technology license, development, OEM, marketing
or other similar agreements or strategic partnerships approved by the Board of Directors of the Company.

 

(v) Notice of Dilution Issuance.
The Company shall notify the Holder in writing, no later than the Trading Day following a Dilutive Issuance subject to Section 4(d)(iv),
indicating therein the applicable issuance price, or applicable reset price, exchange price, conversion price and other pricing terms
(such notice, the “Dilutive Issuance Notice”). For purposes of clarification, whether or not the Company provides a
Dilutive Issuance Notice pursuant to this Section 4(d)(v), upon the occurrence of any Dilutive Issuance, after the date of such Dilutive
Issuance the Holder is entitled to receive a number of shares based upon the Base Share Price regardless of whether the Holder accurately
refers to the Base Share Price in the Conversion Notice. All calculations under this Section 3 shall be rounded up to the nearest $0.00001
or whole share.

 

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(vi) Nothing herein shall limit
a Holder’s right to pursue actual damages or declare an Event of Default pursuant to Section 3 herein for the Company’s failure
to deliver shares of Common Stock upon conversion within the period specified herein and such Holder shall have the right to pursue all
remedies available to it at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief,
in each case without the need to post a bond or provide other security. The exercise of any such rights shall not prohibit the Holder
from seeking to enforce damages pursuant to any other Section hereof or under applicable law.

 

(5) PIGGYBACK
REGISTRATION RIGHTS. The Company shall include all shares issuable upon conversion of this Note for resale by Holder at prevailing
market prices (and not fixed prices) on the first registration statement the Company files with the SEC after the Uplist Offering.

 

(6) REISSUANCE
OF THIS NOTE.

 

(a) Assignability.
The Company may not assign this Note. This Note will be binding upon the Company and its successors and will inure to the benefit of the
Holder and its successors and assigns and may be assigned by the Holder to anyone of its choosing without Company’s approval.

 

(b) Lost,
Stolen or Mutilated Note. Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft, destruction
or mutilation of this Note, 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 Note, the Company shall execute and deliver
to the Holder a new Note representing the outstanding Principal.

 

(7) NOTICES.
Any notices, consents, waivers or other communications required or permitted to be given under the terms hereof must be in writing and
will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided
confirmation of transmission is mechanically or electronically generated and kept on file by the sending party) (iii) upon receipt, when
sent by email; or (iv) one (1) Trading Day after deposit with a nationally recognized overnight delivery service, in each case properly
addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall be those set forth in the
communications and documents that each party has provided the other immediately preceding the issuance of this Note or at such other address
and/or facsimile number and/or to the attention of such other person as the recipient party has specified by written notice given to each
other party three (3) Business Days prior to the effectiveness of such change. Written confirmation of receipt (i) given by the recipient
of such notice, consent, waiver or other communication, (ii) mechanically or electronically generated by the sender’s facsimile
machine containing the time, date, recipient facsimile number and an image of the first page of such transmission or (iii) provided by
a nationally recognized overnight delivery service, shall be rebuttable evidence of personal service, receipt by facsimile or receipt
from a nationally recognized overnight delivery service in accordance with clause (i), (ii) or (iii) above, respectively.

 

The addresses for such communications shall be:

 

If to the Company, to:

 

Home Bistro, Inc.

4014 Chase Avenue, #212

Miami Beach, FL 33140

Attn: Zalmi Duchman

Email: zalmi@homebistro.com

 

If to the Holder, to:

 

Greentree Financial
Group, Inc.

7951 SW 6th Street,
Suite 216

Plantation, Florida
33324

Attn: R. Chris Cottone

Email: Chriscottone@gtfinancial.com

 

(8) APPLICABLE
LAW AND VENUE. This Note shall be governed by and construed in accordance with the laws of the State of Nevada, without giving effect
to conflicts of laws thereof. Any action brought by either party against the other concerning the transactions contemplated by this Agreement
shall be brought only in the state courts of Nevada or in the federal courts located in Nevada. Both parties and the individuals signing
this Agreement agree to submit to the jurisdiction of such courts.

 

    7

     

    

 

(9) WAIVER.
Any waiver by the Holder of a breach of any provision of this Note shall not operate as or be construed to be a waiver of any other breach
of such provision or of any breach of any other provision of this Note. The failure of the Holder to insist upon strict adherence to any
term of this Note on one or more occasions shall not be considered a waiver or deprive that party of the right thereafter to insist upon
strict adherence to that term or any other term of this Note. Any waiver must be in writing.

 

(10) LIQUIDATED
DAMAGES. Holder and Company agree that in the event Company fails to comply with any of the terms or provisions of this Note, Holder’s
damages would be uncertain and difficult (if not impossible) to accurately estimate because of the parties’ inability to predict
future interest rates, future share prices, future trading volumes and other relevant factors. Accordingly, Holder and Company agree that
any fees, balance adjustments, default interest or other charges assessed under this Note are not penalties but instead are intended by
the parties to be, and shall be deemed, liquidated damages (under Holder’s and Company’s expectations that any such liquidated
damages will tack back to the Closing Date for purposes of determining the holding period under Rule 144).

 

(11) ADJUSTMENTS.
Notwithstanding anything to the contrary, the Conversion Price is subject to equitable adjustments for stock splits (including reverse
stock splits and forward stock splits), stock dividends or rights offerings by the Company relating to the Company’s securities
or the securities of any subsidiary of the Company, combinations, recapitalization, reclassifications, extraordinary distributions and
similar events.

 

(12) USURY.
To the extent it may lawfully do so, the Company hereby agrees not to insist upon or plead or in any manner whatsoever claim, and will
resist any and all efforts to be compelled to take the benefit or advantage of, usury laws wherever enacted, now or at any time hereafter
in force, in connection with any action or proceeding that may be brought by the Holder in order to enforce any right or remedy under
this Note. Notwithstanding any provision to the contrary contained in this Note, it is expressly agreed and provided that the total liability
of the Company under this Note for payments which under the applicable law are in the nature of interest shall not exceed the maximum
lawful rate authorized under applicable law (the “Maximum Rate”), and, without limiting the foregoing, in no event shall any
rate of interest or default interest, or both of them, when aggregated with any other sums which under the applicable law in the nature
of interest that the Company may be obligated to pay under this Note exceed such Maximum Rate. It is agreed that if the maximum contract
rate of interest allowed by applicable law and applicable to this Note is increased or decreased by statute or any official governmental
action subsequent to the Issuance Date, the new maximum contract rate of interest allowed by law will be the Maximum Rate applicable to
this Note from the effective date thereof forward, unless such application is precluded by applicable law. If under any circumstances
whatsoever, interest in excess of the Maximum Rate is paid by the Company to the Holder with respect to indebtedness evidenced by this
the Note, such excess shall be applied by the Holder to the unpaid principal balance of any such indebtedness or be refunded to the Company,
the manner of handling such excess to be at the Holder’s election.

 

(13) SEVERABILITY.
In the event that any provision of this Note is invalid or unenforceable under any applicable statute or rule of law (including any judicial
ruling), 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 this Note.

 

(14) NO
BROKER-DEALER ACKNOWLEDGEMENT. Absent a final adjudication from a court of competent jurisdiction stating otherwise, so long as any
obligation of Company under this Note, Securities Purchase Agreement or the other documents in connection with the transactions contemplated
hereunder (the “Transaction Documents”) is outstanding, the Company shall not state, claim, allege, or in any way assert to
any person, institution, or entity, that Holder is currently, or ever has been, a broker-dealer under the Securities Exchange Act of 1934.

 

(15) OPPORTUNITY
TO CONSULT WITH COUNSEL. The Company represents and acknowledges that it has been provided with the opportunity to discuss and review
the terms of this Note and the other Transaction Documents with its counsel before signing it and that it is freely and voluntarily signing
the Transaction Documents in exchange for the benefits provided herein. In light of this, the Company will not contest the validity of
Transaction Documents and the transactions contemplated therein. The Company further represents and acknowledges that it has been provided
a reasonable period of time within which to review the terms of the Note and related transaction documents.

 

[Signature Page Follows]

 

    8

     

    

 

IN WITNESS WHEREOF, the
Company has caused this Convertible Note to be duly executed by a duly authorized officer as of the date set forth above.

 

	THE COMPANY:	 
	Home Bistro, Inc.
	 	 	 
	By:	/s/ Zalmi
    Duchman	 
	 	Zalmi Duchman	 
	 	Chief Executive Officer	 

 

[Signature Page to Convertible Note No. HBIS-3]

 

    9

     

    

 

EXHIBIT A

 

NOTICE OF CONVERSION

 

The undersigned hereby elects
to convert $_________________principal amount of the Note (defined below) together with $________________ of accrued and unpaid interest
thereto, totaling $_____________ into that number of shares of Common Stock to be issued pursuant
to the conversion of the Note (“Common Stock”) as set forth below, of Home Bistro Inc., a Nevada corporation (the “Company”),
according to the conditions of the convertible note of the Company dated as of September 9, 2022 (the “Note”), as of the date
written below. No fee will be charged to the Holder for any conversion, except for transfer taxes, if any.

 

Box Checked as to applicable
instructions:

 

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

 

Name of DTC Prime Broker:

Account Number:

 

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

 

Name: [NAME]

Address: [ADDRESS]

 

Date of Conversion:   _____________

Applicable Conversion Price:  $____________

Number of Shares of Common Stock to be
Issued

Pursuant to Conversion of the Notes:  ______________

Amount of Principal Balance Due remaining

Under the Note after this conversion: ______________

Accrued and unpaid interest remaining: ______________

 

[●]

 

By:_____________________________

Name: 

Title:  

Date:

 

    10

     

    

 

EXHIBIT B

 

Wire Instructions

 

See attached.

 

 

11Exhibit 10.3

 

THIS WARRANT AND THE COMMON STOCK ISSUABLE UPON EXERCISE
OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT AND THE COMMON STOCK ISSUABLE UPON
EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
AS TO THIS WARRANT UNDER SUCH ACT AND ANY APPLICABLE STATE SECURITIES LAW OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO HOME BISTRO,
INC. THAT SUCH REGISTRATION IS NOT REQUIRED.

 

HOME BISTRO, INC.

 

WARRANT TO PURCHASE SHARES OF COMMON STOCK

 

Warrant no.
HBIS-3

 

1.
Issuance. In consideration of good and valuable consideration as set forth in the Purchase Agreement (defined below), including
without limitation the Purchase Price (as defined in the Purchase Agreement), the receipt and sufficiency of which are hereby acknowledged
by HOME BISTRO, INC., a Nevada corporation (the “Company”); Greentree Financial Group, Inc., its successors and/or
registered assigns (the “Holder”), is hereby granted the right to purchase at any time on or after the Issue Date (as
defined below) until the date which is the last calendar day of the month in which the third anniversary of the Issue Date occurs (the
“Expiration Date”), 666,667 fully paid and nonassessable shares (the “Warrant Shares”) of the Company’s
common stock, par value $0.001 per share (the “Common Stock”), as such number of Warrant Shares may be adjusted from
time to time pursuant to the terms and conditions of this Warrant to Purchase Shares of Common Stock (this “Warrant”).
This Warrant is being issued pursuant to the terms of that certain Securities Purchase Agreement dated as of September 9, 2022, to which
the Company and the Holder are parties (as the same may be amended from time to time, the “Purchase Agreement”).

 

Unless otherwise indicated herein,
capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement. For purposes of this
Warrant, the term “Exercise Price” shall mean $0.225, provided, however, that if the Company consummates an Uplist
Offering (as defined in this Warrant) on or before the date that is one hundred and eighty (180) calendar days after the Issue Date, then
the Exercise Price shall equal 120% of the offering price per share of Common Stock (or unit, if units are offered in the Uplist Offering)
at which the Uplist Offering is made (for the avoidance of doubt, if a unit includes more than one share of the Common Stock in the Uplist
Offering, the Exercise Price shall mean 120% of the unit price divided by the number of shares of Common Stock contained in a unit), subject
to adjustment as provided herein (including but not limited to cashless exercise). Unless otherwise adjusted pursuant to the terms of
this Warrant, if the date of a respective exercise under the Warrant is on or before the date that is one hundred and eighty (180) calendar
days after the Issue Date and the Company has not consummated an Uplist Offering, then the exercise price of this Warrant shall equal
the initial Exercise Price.

 

This Warrant was originally issued
to the Holder on September 9, 2022 (the “Issue Date”).

 

2.
Exercise of Warrant.

 

2.1 General.

 

(a) This Warrant is exercisable
in whole or in part at any time and from time to time commencing on the Issue Date and ending on the Expiration Date. Such exercise shall
be effectuated by submitting to the Company (either by delivery to the Company or by email or facsimile transmission) a completed and
duly executed Notice of Exercise substantially in the form attached to this Warrant as Exhibit A (the “Notice of Exercise”).
The date such Notice of Exercise is either faxed, emailed or delivered to the Company shall be the “Exercise Date,”
provided that, if such exercise represents the full exercise of the outstanding balance of the Warrant, the Holder shall tender this Warrant
to the Company within five (5) Trading Days thereafter, but only if the Warrant Shares to be delivered pursuant to the Notice of Exercise
have been delivered to the Holder as of such date. The Notice of Exercise shall be executed by the Holder and shall indicate (i) the number
of Warrant Shares (as defined below) to be issued pursuant to such exercise, and (ii) if applicable (as provided below), whether the exercise
is a cashless exercise.

 

     

     

    

 

For purposes of this Warrant,
the term “Trading Day” means any day during which the principal market on which the Common Stock is traded (the “Principal
Market”) shall be open for business.

 

(b) To the extent that this Warrant
is not previously exercised and in the event that: (i) the Warrant Shares are not registered under the 1933 Act; and (ii) if the Market
Price of one Warrant Share is greater than the Exercise Price, then, unless there is an effective registration statement of the Company
that contains a prospectus that complies with Section 5(b) and Section 10 of the Securities Act of 1933 at the time of exercise and covers
the Holder’s immediate resale of the Warrant Shares at prevailing market prices (and not fixed prices) without any limitation, then
the Holder may elect to receive Warrant Shares pursuant to a cashless exercise, in lieu of a cash exercise, equal to the value of this
Warrant determined in the manner described below (or of any portion thereof remaining unexercised) by surrender of this Warrant and a
Notice of Exercise, in which event the Company shall issue to Holder a number of shares computed using the following formula:

 

X = Y (A-B)

A

 

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

 

	 	Y =	the number of Warrant Shares that the Holder elects to purchase under this Warrant (at the date of such calculation).

 

	 	A =	the Market Price (at the date of such calculation).

 

	 	B =	Exercise Price (as adjusted to the date of such calculation).

 

For the purposes of this Warrant,
the following terms shall have the following meanings:

 

“Affiliate”
shall mean an affiliate as such term is defined in Rule 144 under the Securities Act of 1933, as amended (or a successor rule).

 

“Aggregate Exercise Price
Payable” shall mean the product of multiplying the number of Warrant Shares exercisable by the Exercise Price.

 

“Closing Price”
shall mean the 4:00 P.M. last sale price of the Common Stock on the Principal Market on the relevant Trading Day(s), as reported by Bloomberg
LP (or if that service is not then reporting the relevant information regarding the Common Stock, a comparable reporting service of national
reputation selected by the Holder and reasonably acceptable to the Company) (“Bloomberg”) for the relevant date.

 

“Exercise Price”
shall mean $0.225 per share of Common Stock, subject to adjustments herein, provided, however, that if the Company consummates an Uplist
Offering (as defined in this Warrant) on or before the date that is one hundred eighty (180) calendar days after the Issue Date, then
the Exercise Price shall equal 120% of the offering price per share of Common Stock (or unit, if units are offered in the Uplist Offering)
at which the Uplist Offering is made (the “Uplist Exercise Price”). (for the avoidance of doubt, if a unit includes more than
one share of the Common Stock in the Uplist Offering, the Uplist Exercise Price shall mean 120% of the unit price divided by the number
of shares of Common Stock contained in a unit), subject to adjustment as provided in the Warrant.

 

“Market Price”
shall mean the Closing Price for the Common Stock on the Trading Day that is two Trading Days prior to the Exercise Date.

 

“Note” shall
mean that certain Convertible Promissory Note issued by the Company to the Holder pursuant to the Purchase Agreement, as the same may
be amended from time to time, and including any promissory note(s) that replace or are exchanged for such referenced promissory note.

 

“Person” and
“Persons” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust,
an unincorporated organization, any other entity and any governmental entity or any department or agency thereof.

 

    2

     

    

 

“Uplist Offering”
shall mean an offering of Common Stock (or units consisting of Common Stock and warrants to purchase Common Stock) that results in the
immediate listing for trading of the Common Stock on the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq
Global Select Market, the New York Stock Exchange, or any other national securities exchange (or any successors to any of the foregoing).

 

(c) If the Notice of Exercise
form elects a “cash” exercise (or if the cashless exercise referred to in the immediately preceding subsection (b) is not
available in accordance with the terms hereof), the Exercise Price per share of Common Stock for the Warrant Shares shall be payable,
at the election of the Holder, in cash or by certified or official bank check or by wire transfer in accordance with instructions provided
by the Company at the request of the Holder.

 

(d) Upon the appropriate payment
to the Company, if any, of the Exercise Price for the Warrant Shares, together with the surrender of this Warrant (if required), the Company
shall promptly, but in no case later than the date that is three (3) Trading Days following the date the Exercise Price is paid to the
Company (or with respect to a “cashless exercise,” the date that is three (3) Trading Days following the Exercise Date) (the
“Delivery Date”), provided that all DWAC Eligible Conditions (as defined in the Note) are then satisfied, deliver or
cause the Company’s Transfer Agent to deliver the applicable Warrant Shares electronically via the Deposit/Withdrawal at Custodian
(“DWAC”) system to the account designated by the Holder on the Notice of Exercise. If all DWAC Eligible Conditions
are not then satisfied, the Company shall instead issue and deliver or cause to be issued and delivered (via reputable overnight courier)
to the address as specified in the Notice of Exercise, a certificate, registered in the name of the Holder or its designee, for the number
of Warrant Shares to which the Holder shall be entitled. For the avoidance of doubt, the Company has not met its obligation to deliver
Warrant Shares by the Delivery Date unless the Transfer Agent has posted the shares for DWAC pickup and the Holder or its broker, as applicable,
has been notified of this availability, or if the DWAC Eligible Conditions are not then satisfied, has actually received the certificate
representing the applicable Warrant Shares no later than the close of business on the relevant Delivery Date pursuant to the terms set
forth above.

 

(e) If Warrant Shares are delivered
later than as required under subsection (d) immediately above, the Company agrees to pay, in addition to all other remedies available
to the Holder in the Transaction Documents, a late charge equal to the greater of (i) $2,000.00 and (ii) 2% of the product of (1) the
sum of the number of shares of Common Stock not issued to the Holder on a timely basis and to which the Holder is entitled multiplied
by (2) the Closing Price of the Common Stock on the Trading Day immediately preceding the last possible date which the Company could have
issued such shares of Common Stock to the Holder without violating this Warrant, per Trading Day until such Warrant Shares are delivered.
The Company shall pay any late charges incurred under this subsection in immediately available funds upon demand; provided, however,
that, at the option of the Holder (without notice to the Company), such amount owed may be added to the principal amount of the Note.
Furthermore, in addition to any other remedies which may be available to the Holder, in the event that the Company fails for any reason
to effect delivery of the Warrant Shares as required under subsection (d) immediately above, the Holder may revoke all or part of the
relevant Warrant exercise by delivery of a notice to such effect to the Company, whereupon the Company and the Holder shall each be restored
to their respective positions immediately prior to the exercise of the relevant portion of this Warrant, except that the late charge described
above shall be payable through the date notice of revocation or rescission is given to the Company.

  

(f) The Holder shall be deemed
to be the holder of the Warrant Shares issuable to it in accordance with the provisions of this Section 2.1 on the Exercise Date.

 

    3

     

    

 

2.2 Ownership Limitation.
If at any time after the Closing, the Holder shall or would receive shares of Common Stock in payment of interest or principal under Note,
upon conversion of Note, under the Warrant, or upon exercise of the Warrant, so that the Holder would, together with other shares of Common
Stock held by it or its Affiliates, own or beneficially own by virtue of such action or receipt of additional shares of Common Stock a
number of shares exceeding 4.99% of the number of shares of Common Stock outstanding on such date (the “Maximum Percentage”),
the Company shall not be obligated and shall not issue to the Holder shares of Common Stock which would exceed the Maximum Percentage,
but only until such time as the Maximum Percentage would no longer be exceeded by any such receipt of shares of Common Stock by the Holder.
The foregoing limitations are enforceable, unconditional and non-waivable and shall apply to all Affiliates and assigns of the Holder.
Additionally, for so long as the Holder or any of its Affiliate own Securities, upon written request from the Holder, the Company shall
post (or cause to be posted), the then-current number of issued and outstanding shares of its capital stock to the Company’s web
page located at OTCmarkets.com (or such other web page approved by the Holder).

 

3.
Mutilation or Loss of Warrant. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction
or mutilation of this Warrant, and (in the case of loss, theft or destruction) receipt of reasonably satisfactory indemnification, and
(in the case of mutilation) upon surrender and cancellation of this Warrant, the Company will execute and deliver to the Holder a new
Warrant of like tenor and date and any such lost, stolen, destroyed or mutilated Warrant shall thereupon become void.

 

4.
Rights of the Holder. The Holder shall not, by virtue of this Warrant alone, be entitled to any rights of a stockholder
in the Company, either at law or in equity, and the rights of the Holder with respect to or arising under this Warrant are limited to
those expressed in this Warrant and are not enforceable against the Company except to the extent set forth herein.

 

5.
Certain Adjustments.

 

5.1 Capital Adjustments.
If the Company shall at any time prior to the expiration of this Warrant subdivide the Common Stock, by split-up or stock split, or otherwise,
or combine its Common Stock, or issue additional shares of its Common Stock as a dividend, the number of Warrant Shares issuable upon
the exercise of this Warrant shall forthwith be automatically increased proportionately in the case of a subdivision, split or stock dividend,
or proportionately decreased in the case of a combination. Appropriate adjustments shall also be made to the Exercise Price, Market Price
(in the event of a cashless exercise), and other applicable amounts, but the aggregate purchase price payable for the total number of
Warrant Shares purchasable under this Warrant (as adjusted) shall remain the same. Any adjustment under this Section 5.1 shall become
effective automatically at the close of business on the date the subdivision or combination becomes effective, or as of the record date
of such dividend, or in the event that no record date is fixed, upon the making of such dividend.

  

5.2 Reclassification, Reorganization
and Consolidation. In case of any reclassification, capital reorganization, or change in the capital stock of the Company (other than
as a result of a subdivision, combination, or stock dividend provided for in Section 5.1 above), then the Company shall make appropriate
provision so that the Holder shall have the right at any time prior to the expiration of this Warrant to purchase, at a total price equal
to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and other securities and property receivable
in connection with such reclassification, reorganization, or change by a holder of the same number of shares of Common Stock as were purchasable
by the Holder immediately prior to such reclassification, reorganization, or change. In any such case appropriate provisions shall be
made with respect to the rights and interest of the Holder so that the provisions hereof shall thereafter be applicable with respect to
any shares of stock or other securities and property deliverable upon exercise hereof, and appropriate adjustments shall be made to the
purchase price per Warrant Share payable hereunder, provided the aggregate purchase price shall remain the same.

 

    4

     

    

 

5.3 Dilutive Issuances. If
the Company or any subsidiary thereof, as applicable, at any time while the Note is outstanding, shall sell or grant any option to purchase,
or sell or grant any right to re-price, or otherwise dispose of or issue (or announce any offer, sale, grant or any option to purchase
or other disposition) any Common Stock or Common Stock Equivalents entitling any Person to acquire shares of Common Stock for cash in
a capital raising transaction (other than an Exempt Issuance), at an effective price per share less than the then Exercise Price (such
lower price, the “Base Share Price” and such issuances collectively, a “Dilutive Issuance”) (if
the holder of the Common Stock or Common Stock Equivalents so issued shall at any time, whether by operation of purchase price adjustments,
reset provisions, floating conversion, exercise or exchange prices or otherwise, or due to warrants, options or rights per share which
are issued in connection with such issuance, be entitled to receive shares of Common Stock at an effective price per share which is less
than the Exercise Price, such issuance shall be deemed to have occurred for less than the Exercise Price on such date of the Dilutive
Issuance), then the Exercise Price shall be reduced and only reduced to equal the Base Share Price and the number of Warrant Shares issuable
hereunder shall be increased such that the Aggregate Exercise Price Payable hereunder, after taking into account the decrease in the Exercise
Price, shall be equal to the Aggregate Exercise Price prior to such adjustment. Such adjustment shall be made whenever such Common Stock
or Common Stock Equivalents are issued. Notwithstanding the foregoing, the Holder may only enforce its rights under this Section 5.2 after
the date that is one hundred eighty (180) calendar days after the Issue Date, provided, however, that at such time the Holder may enforce
its rights to all adjustments hereunder that apply even if the Dilutive Issuance occurred prior to the date that is one hundred eighty
(180) calendar days after the Issue Date. “Exempt Issuance” shall mean: (i) Common Stock and Common Stock Equivalents
issued pursuant to an Uplist Offering, (ii) Common Stock or Common Stock Equivalents issued to employees or directors of, or consultants,
advisors or service providers to, the Company or any of its subsidiaries pursuant to a plan, agreement or arrangement approved by the
Board of Directors of the Company, (iii) shares Common Stock actually issued upon the exercise of Common Stock Equivalents for which
an adjustment has already been made pursuant to this Section 5.3, (iv) Common Stock and Common Stock Equivalents issued to banks,
equipment lessors or other financial institutions, or to real property lessors, pursuant to a debt financing, equipment leasing or real
property leasing transaction approved by the Board of Directors of the Company, (v)  Common Stock and Common Stock Equivalents issued
to suppliers or third party service providers in connection with the provision of goods or services pursuant to transactions approved
by the Board of Directors of the Company, (vi) Common Stock and Common Stock Equivalents issued as acquisition consideration pursuant
to the acquisition of another business by the Company by merger, purchase of substantially all of the assets or other reorganization or
to a joint venture agreement, provided that such issuances are approved by the Board of Directors of the Company, and (vii) Common
Stock and Common Stock Equivalents issued in connection with sponsored research, collaboration, technology license, development, OEM,
marketing or other similar agreements or strategic partnerships approved by the Board of Directors of the Company. The Company shall notify
the Holder in writing, no later than the Trading Day following the Dilutive Issuance subject to this Section 5.3, indicating therein the
applicable issuance price, or applicable reset price, exchange price, conversion price and other pricing terms (such notice the “Dilutive
Issuance Notice”). For purposes of clarification, whether or not the Company provides a Dilutive Issuance Notice pursuant to
this Section 5.3, upon the occurrence of any Dilutive Issuance, after the date of such Dilutive Issuance the Holder is entitled to receive
a number of Warrant Shares based upon the Base Share Price regardless of whether the Holder accurately refers to the Base Share Price
in the Notice of Exercise. Notwithstanding the foregoing, if (i) the Exercise Price is adjusted to the Uplist Exercise Price as described
in this Warrant and (ii) the Note has been repaid in its entirety, then the Holder shall never be entitled to enforce its rights to the
adjustments under this Section 5.3 with respect any Dilutive Issuance(s).

 

5.4 Notice of Adjustment.
Without limiting any other provision contained herein, when any adjustment is required to be made in the number or kind of shares purchasable
upon exercise of this Warrant, or in the Exercise Price, pursuant to the terms hereof, the Company shall promptly notify the Holder of
such event and of the number of Warrant Shares or other securities or property thereafter purchasable upon exercise of this Warrant.

 

    5

     

    

 

6.
Certificate as to Adjustments. In each case of any adjustment or readjustment in the shares of Common Stock issuable on
the exercise of this Warrant, the Company at its expense will promptly cause its Chief Financial Officer or other appropriate designee
to compute such adjustment or readjustment in accordance with the terms of this Warrant and prepare a certificate setting forth such adjustment
or readjustment and showing in detail the facts upon which such adjustment or readjustment is based, including a statement of (a) the
consideration received or receivable by the Company for any additional shares of Common Stock issued or sold or deemed to have been issued
or sold, (b) the number of shares of Common Stock outstanding or deemed to be outstanding, and (c) the Exercise Price and the number of
shares of Common Stock to be received upon exercise of this Warrant, in effect immediately prior to such adjustment or readjustment and
as adjusted or readjusted as provided in this Warrant. The Company will forthwith mail a copy of each such certificate to the Holder and
any Warrant Agent (as defined below) appointed pursuant to Section 8 hereof. Nothing in this Section 6 shall be deemed to limit any other
provision contained herein.

 

7.
Transfer to Comply with the Securities Act. This Warrant, and the Warrant Shares, have not been registered under the 1933
Act. This Warrant, the Warrant Shares and any other security issued or issuable upon exercise of this Warrant may only be sold, transferred,
pledged or hypothecated (other than to an Affiliate) if (a) there exists an effective registration statement under the 1933 Act relating
to such security or (b) the Company has received an opinion of counsel reasonably satisfactory to the Company that registration is not
required under the 1933 Act. Until such time as registration has occurred under the 1933 Act, each certificate for this Warrant, the Warrant
Shares and any other security issued or issuable upon exercise of this Warrant shall contain a legend, in form and substance satisfactory
to counsel for the Company, setting forth the restrictions on transfer contained in this Section 7. Any such transfer shall be accompanied
by a transferor assignment substantially in the form attached to this Warrant as Exhibit B (the “Transferor Assignment”),
executed by the transferor and the transferee and submitted to the Company. Upon receipt of the duly executed Transferor Assignment, the
Company shall register the transferee thereon as the new Holder on the books and records of the Company and such transferee shall be deemed
a “registered holder” or “registered assign” for all purposes hereunder, and shall have all the rights of the
Holder.

  

8.
Warrant Agent. The Company may, by written notice to the Holder, appoint an agent (a “Warrant Agent”)
for the purpose of issuing shares of Common Stock on the exercise of this Warrant pursuant hereto, exchanging this Warrant pursuant hereto,
and replacing this Warrant pursuant hereto, or any of the foregoing, and thereafter any such issuance, exchange or replacement, as the
case may be, shall be made at such office by such Warrant Agent.

 

9.
Legend. Except as otherwise provided, until such time as the Warrant Shares have been registered under the 1933 Act or otherwise
may be sold pursuant to Rule 144, Rule 144A, Regulation S, or other applicable exemption without any restriction as to the number of securities
as of a particular date that can then be immediately sold, each certificate for the Warrant Shares that has not been so included in an
effective registration statement or that has not been sold pursuant to an effective registration statement or an exemption that permits
removal of the legend, shall bear a legend substantially in the following form, as appropriate:

 

“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 MAY BE THE LEGAL COUNSEL OPINION (AS DEFINED IN THE PURCHASE AGREEMENT)), IN A GENERALLY ACCEPTABLE
FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144, RULE 144A, REGULATION S UNDER SAID ACT,
OR OTHER APPLICABLE EXEMPTION. 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.”

 

    6

     

    

 

10.
Piggyback Registration Rights. The Company shall include the Warrant Shares for resale on the first registration statement
the Company files with SEC after the successful completion of the Uplist Offering.

 

11.
Transfer on the Company’s Books. Until this Warrant is transferred on the books of the Company, the Company may treat
the Holder as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

 

12.
Notices. Any notice required or permitted hereunder shall be given in the manner provided in the subsection titled “Notices”
in the Purchase Agreement, the terms of which are incorporated herein by reference.

 

13.
Supplements and Amendments; Whole Agreement. This Warrant may be amended or supplemented only by an instrument in writing
signed by the parties hereto. This Warrant, together with the Purchase Agreement and all the other Transaction Documents, taken together,
contain the full understanding of the parties hereto with respect to the subject matter hereof and thereof and there are no representations,
warranties, agreements or understandings with respect to the subject matter hereof and thereof other than as expressly contained herein
and therein.

 

14.
Governing Law. This Warrant shall be governed by and interpreted in accordance with the laws of the State of Nevada, without
giving effect to the principles thereof regarding the conflict of laws. The Company and, by accepting this Warrant, the Holder, each irrevocably
(a) consent to and expressly submit to the exclusive personal jurisdiction of any state or federal court sitting in Nevada in connection
with any dispute or proceeding arising out of or relating to this Warrant, (b) agree that all claims in respect of any such dispute or
proceeding may only be heard and determined in any such court, (c) expressly submit to the venue of any such court for the purposes hereof,
and (d) waive any claim of improper venue and any claim or objection that such courts are an inconvenient forum or any other claim or
objection to the bringing of any such proceeding in such jurisdictions or to any claim that such venue of the suit, action or proceeding
is improper. The Company and, by accepting this Warrant, the Holder, each hereby irrevocably consent to the service of process of any
of the aforementioned courts in any such proceeding by the mailing of copies thereof by reputable overnight courier (e.g., FedEx) or certified
mail, postage prepaid, to such party’s address as provided for herein, such service to become effective ten (10) calendar days after
such mailing. THE COMPANY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION
OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS WARRANT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

15.
Remedies. The remedies at law of the Holder of this Warrant in the event of any default or threatened default by the Company
in the performance of or compliance with any of the terms of this Warrant are not and will not be adequate and, without limiting any other
remedies available to the Holder in the Transaction Documents, law or equity, to the fullest extent permitted by law, such terms may be
specifically enforced by a decree for the specific performance of any agreement contained herein or by an injunction against a violation
of any of the terms hereof or otherwise.

 

    7

     

    

 

16.
Counterparts. This Warrant may be executed in any number of counterparts and each of such counterparts shall for all purposes
be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. Signature delivered
via facsimile or email shall be considered original signatures for purposes hereof.

 

17.
Descriptive Headings. Descriptive headings of the sections of this Warrant are inserted for convenience only and shall not
control or affect the meaning or construction of any of the provisions hereof.

 

18.
Attorney’s Fees. In the event of any litigation or dispute arising from this Warrant, the parties agree that the party
who is awarded the most money shall be deemed the prevailing party for all purposes and shall therefore be entitled to an additional award
of the full amount of the attorneys’ fees and expenses paid by said prevailing party in connection with the litigation and/or dispute
without reduction or apportionment based upon the individual claims or defenses giving rise to the fees and expenses. Nothing herein shall
restrict or impair a court’s power to award fees and expenses for frivolous or bad faith pleading.

 

19.
Severability. Whenever possible, each provision of this Warrant shall be interpreted in such a manner as to be effective
and valid under applicable law, but if any provision of this Warrant shall be invalid or unenforceable in any jurisdiction, such provision
shall be modified to achieve the objective of the parties to the fullest extent permitted and such invalidity or unenforceability shall
not affect the validity or enforceability of the remainder of this Warrant or the validity or enforceability of this Warrant in any other
jurisdiction.

 

[Remainder of page intentionally left blank]

 

    8

     

    

 

IN WITNESS WHEREOF, the Company
has caused this Warrant to be duly executed by an officer thereunto duly authorized.

 

Dated: September 9, 2022

 

	 	THE COMPANY:
	 	 	 
	 	Home Bistro,
    Inc.
	 	 	 
	 	By:	/s/ Zalmi
    Duchman
	 	 	Zalmi Duchman
	 	 	Chief Executive Officer

 

[Signature page to Warrant]

 

    9

     

    

 

EXHIBIT A

 

NOTICE OF EXERCISE OF WARRANT

 

WARRANT NO. HBIS-3

 

Home Bistro, Inc.

4014 Chase Avenue, #212

Miami Beach, FL 33140

Attn: Zalmi Duchman

Email: zalmi@homebistro.com

 

(1) The undersigned
hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant (only if exercised in full),
and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any. Payment shall take the
form of lawful money of the United States.

 

(2) Payment shall take the form
of (check applicable box):

 

[   ] in lawful money of the United States;
or

 

[   ] if permitted the cancellation of such
number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection 2.1(b), to exercise this Warrant with
respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure set forth in subsection 2.1(b).

 

(3) [___] (initial) - Please issue
said Warrant Shares in the name of the undersigned or, to the extent that a properly completed and signed Assignment Form accompanies
this Notice of Exercise, in such other name as is specified below:

 

	Name
    of Registered Holder:	 	 
	Mailing
    Address for Delivery of Notice of Issuance, Account Statement or Certificates for Common Shares (as applicable):	Address
    Line 1:	 
	Address
    Line 2:	 
	Address
    Line 3:	 
	Attention:	 
	Telephone
    Number:	 

 

(4)       [___] (initial (only if eligible
under the terms of the Warrant)) Please deliver the Warrant Shares electronically by crediting the account of the Holder’s prime
broker with The Depository Trust Company through its Deposit/Withdrawal At Custodian (DWAC) system or Direct Registration System (DRS):

 

	Name
    of Prime Broker or Custodian:	 
	DTC
    Broker No.:	 
	Account
    Name:	 
	Account
    No.:	 

 

The undersigned undertakes to cause its prime broker
or custodian to take all actions necessary or advisable to accept delivery of the Warrant Shares as soon as practicable after such Warrant
Shares are made available for delivery via DWAC or DRS.

 

    10

     

    

 

(5) Accredited Investor.
The undersigned is an “accredited investor” as defined in Regulation D promulgated under the Securities Act of 1933, as amended.

 

(6) The undersigned has completed
and signed an accurate and complete IRS Form W-9 or IRS Form W-8BEN, as applicable, which is attached to this Notice of Exercise.

 

	 	Name
    of Holder:

     
	 
	 	Signature:	 

     

	 	Name:	 
	 	Title

     
	 
	Address
    for Contact:

     
	Address
    Line 1:	 
	Address
    Line 2:	 
	Address
    Line 3:	 
	Attention:	 
	Email
    Address:

     
	 
	 	Date:	 

 

    11

     

    

 

EXHIBIT B

 

FORM OF TRANSFEROR ENDORSEMENT

(To be signed only on transfer of the Warrant)

 

For value received, the undersigned hereby sells,
assigns, and transfers unto the person(s) named below under the heading “Transferees” the right represented by the Warrant
to Purchase Shares of Common Stock dated as of                         
(the “Warrant”) to purchase the percentage and number of shares of common stock, $0.001 par value (“Common
Stock”), of HOME BISTRO, INC. specified under the headings “Percentage Transferred” and “Number Transferred,”
respectively, opposite the name(s) of such person(s), and appoints each such person attorney to transfer the undersigned’s respective
right on the books of HOME BISTRO, INC. with full power of substitution in the premises.

 

	Transferees	 	Percentage
    Transferred	 	Number
    Transferred
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

Dated: _____________________

 

	 	 
	 	[Transferor
    Name must conform to the name of
	 	Holder as
    specified on the face of the Warrant]
	 	 
	 	By:	 
	 	Name:	 

 

	Signed in the
    presence of:	 
	 	 
	 	 
	(Name)	 
	 	 
	ACCEPTED AND AGREED:	 
	 	 
	 	 
	[TRANSFEREE]	 

 

	By:	 	 
	Name:	 	 

 

 

12

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