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Document

Exhibit 10.8

SECOND AMENDMENT TO SECURITIES PURCHASE AGREEMENT
This Second Amendment to Securities Purchase Agreement (this “Second Amendment”) is entered into as of September 15, 2022 (the “Second Amendment Effective Date”) by and among Evofem Biosciences, Inc., a Delaware corporation (the “Company”), Adjuvant Global Health Technology Fund, LP, and Adjuvant Global Health Technology Fund, DE, LP (the “Purchasers”).
RECITALS
WHEREAS, the Company and the Purchasers are party to that certain Securities Purchase Agreement, dated as of October 14, 2020, as amended by that First Amendment to Securities Purchase Agreement, dated as of April 4, 2022 (as amended, the “Purchase Agreement”), pursuant to which the Purchasers purchased certain convertible promissory notes (the “Notes”; together with the Purchase Agreement, the “Transaction Documents”) of the Company;
WHEREAS, pursuant to Section 10.8 of the Purchase Agreement, any term of the Purchase Agreement or the Notes may be amended only with the written consent of the Company and the Purchasers holding a majority of the outstanding balance, in the aggregate, of all Notes issued pursuant to the Purchase Agreement (the “Requisite Purchasers”);
WHEREAS, the undersigned Purchasers constitute the Requisite Purchasers; and
WHEREAS, the Company and the Purchasers wish to amend the Purchase Agreement to address the provisions set forth herein effective as of the Second Amendment Effective Date.
NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
AGREEMENT
1.    Definitions; References; Continuation of Purchase Agreement.  Unless otherwise specified herein, each capitalized term used herein that is defined in the Purchase Agreement shall have the meaning assigned to such term in the Purchase Agreement.  Each reference to “hereof,” “hereto,” “hereunder,” “herein” and “hereby” and each other similar reference, and each reference to “this Agreement”, the “Securities Purchase Agreement” and each other similar reference, contained in the Purchase Agreement and any other Transaction Document shall from and after the date hereof refer to the Purchase Agreement as amended hereby.  Except as amended or waived hereby, all terms and provisions of the Purchase Agreement and the Notes shall continue unmodified and remain in full force and effect.
2.    Amendment to the Purchase Agreement.
2.1    Amendment to Section 1.1 of the Purchase Agreement.  Effective as of the Second Amendment Effective Date, Section 1.1 of the Purchase Agreement is hereby amended to add new defined terms “Approved Stock Plan,” “Convertible Securities,” “Excluded Securities,” “June 2022 Warrants,” and “Options,” “Right,” and “Right Shares” as set forth below:
“Approved Stock Plan” means any employee benefit plan which has been approved by the board of directors of the Company prior to or subsequent to the date hereof pursuant to which shares of Common Stock and standard options to purchase Common Stock may be issued to any employee, officer or director for services provided to the Company in their capacity as such. 

“Convertible Securities” means any stock or other security (other than Options) that is at any time and under any circumstances, directly or indirectly, convertible into, exercisable or exchangeable for, or which otherwise entitles the holder thereof to acquire, any shares of Common Stock.
“Excluded Securities” means (i) shares of Common Stock or standard options to purchase Common Stock issued to directors, officers or employees of the Company for services rendered to the Company in their capacity as such pursuant to an Approved Stock Plan; (ii) shares of Common Stock issued upon the conversion or exercise of Convertible Securities (other than standard options to purchase Common Stock issued pursuant to an Approved Stock Plan that are covered by clause (i) above) issued prior to the Amendment Effective Date, provided that the conversion price of any such Convertible Securities (other than standard options to purchase Common Stock issued pursuant to an Approved Stock Plan that are covered by clause (i) above) is not lowered (other than antidilution adjustments pursuant to the terms thereof in effect as of the Amendment Effective Date), none of such Convertible Securities (other than standard options to purchase Common Stock issued pursuant to an Approved Stock Plan that are covered by clause (i) above) are amended to increase the number of shares issuable thereunder (other than antidilution adjustments pursuant to the terms thereof in effect as of the Amendment Effective Date) and none of the terms or conditions of any such Convertible Securities (other than standard options to purchase Common Stock issued pursuant to an Approved Stock Plan that are covered by clause (i) above) are otherwise materially changed in any manner that adversely affects any of the Purchasers; and (iii) the shares of Common Stock issuable upon exercise of the Rights; provided, that the terms of the Rights are not amended, modified or changed on or after the Amendment Effective Date (other than antidilution adjustments pursuant to the terms thereof in effect as of the Amendment Effective  Date).
“June 2022 Warrants” means those certain common stock purchase warrants issued to the Purchasers on June 28, 2022, pursuant to the Purchase Agreement. 
“Options” means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

 “Right” means that certain prepaid right to receive shares of Common Stock as set forth in the Exchange Agreements, dated as of September 15, 2022, by and between the Company and each of the Purchasers.

“Right Shares” means the shares of Common Stock underlying the Right.

2.2    Amendment to Section 4.1 of the Purchase Agreement.  Effective as of the achievement of the Second Amendment Effective Date, Section 4.1 of the Purchase Agreement is hereby deleted in its entirety and replaced with the following:
“Optional Conversion.  Subject to the limitations set forth in Sections 4.4 and 4.5, at the option of the Purchasers, each Purchaser shall have the right to convert all or any portion of the Notes held by such Purchaser at any time into Common Stock at a conversion price (the “Conversion Price”) equal to the lower of: (a) $0.21 or (b) the “Adjusted Conversion Price” which shall initially be $0.21 and subject to adjustment as set forth herein. If after the Amendment Effective Date and through the second anniversary of the Amendment Effective Date (the “Adjustment End Date”), the Company grants, issues or sells (or enters into any agreement to grant, issue or sell), or in accordance with this Section 5.1 is deemed to have granted, issued or sold, any shares of Common Stock (including the issuance or sale of shares of Common Stock owned or held by or for the account of the Company, but excluding any Excluded Securities granted issued or sold or deemed to 
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have been granted issued or sold) for a consideration per share (the “New Issuance Price”) less than a price equal to the then effective Adjusted Conversion Price (the foregoing a “Dilutive Issuance”), then immediately after such Dilutive Issuance, the Adjusted Conversion Price shall equal the New Issuance Price. For all purposes of the foregoing (including, without limitation, determining the Adjusted Conversion Price under this Section 5.1, the following shall be applicable:
(a)Issuance of Options.  If the Company in any manner grants, issues or sells (or enters into any agreement to grant, issue or sell) any Options and the lowest price per share for which one share of Common Stock is at any time issuable upon the exercise of any such Option or upon conversion, exercise or exchange of any Convertible Securities issuable upon exercise of any such Option or otherwise pursuant to the terms thereof is less than the Adjusted Conversion Price, then such share of Common Stock shall be deemed to be outstanding and to have been issued and sold by the Company at the time of the granting, issuance or sale (or the time of execution of such agreement to grant, issue or sell, as applicable) of such Option for such price per share.  For purposes of this Section 5.1, the “lowest price per share for which one share of Common Stock is at any time issuable upon the exercise of any such Options or upon conversion, exercise or exchange of any Convertible Securities issuable upon exercise of any such Option or otherwise pursuant to the terms thereof” shall be equal to (1) the lower of (x) the sum of the lowest amounts of consideration (if any) received or receivable by the Company with respect to any one share of Common Stock upon the granting, issuance or sale (or pursuant to the agreement to grant, issue or sell, as applicable) of such Option, upon exercise of such Option and upon conversion, exercise or exchange of any Convertible Security issuable upon exercise of such Option or otherwise pursuant to the terms thereof and (y) the lowest exercise price set forth in such Option for which one share of Common Stock is issuable (or may become issuable assuming all possible market conditions) upon the exercise of any such Options or upon conversion, exercise or exchange of any Convertible Securities issuable upon exercise of any such Option or otherwise pursuant to the terms thereof minus (2) the sum of all amounts paid or payable to the holder of such Option (or any other Person) upon the granting, issuance or sale (or the agreement to grant, issue or sell, as applicable) of such Option, upon exercise of such Option and upon conversion, exercise or exchange of any Convertible Security issuable upon exercise of such Option or otherwise pursuant to the terms thereof plus the value of any other consideration received or receivable by, or benefit conferred on, the holder of such Option (or any other Person).  Except as contemplated below, no further adjustment of the Adjusted Conversion Price shall be made upon the actual issuance of such shares of Common Stock or of such Convertible Securities upon the exercise of such Options or otherwise pursuant to the terms of or upon the actual issuance of such shares of Common Stock upon conversion, exercise or exchange of such Convertible Securities. Notwithstanding the foregoing, in the event of the issuance of a “pre-funded” warrant (i.e., a warrant that has a purchase price attributed to it and a nominal exercise price), the price at which the underlying shares are sold shall equal the sum of the exercise price and the warrant purchase price.
(b)Issuance of Convertible Securities.  If the Company in any manner issues or sells (or enters into any agreement to issue or sell) any Convertible Securities and the lowest price per share for which one share of Common Stock is at any time issuable upon the conversion, exercise or exchange thereof or otherwise pursuant to the terms thereof is less than the Adjusted Conversion Price, then such share of Common Stock shall be deemed to be outstanding and to have been issued and sold by the Company at the time of the issuance or sale (or the time of execution of such agreement to issue or sell, as applicable) of such Convertible Securities for such price per share.  For the purposes of this Section 5.1(b), the “lowest price per share for which one share of Common Stock is 
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at any time issuable upon the conversion, exercise or exchange thereof or otherwise pursuant to the terms thereof” shall be equal to (1) the lower of (x) the sum of the lowest amounts of consideration (if any) received or receivable by the Company with respect to one share of Common Stock upon the issuance or sale (or pursuant to the agreement to issue or sell, as applicable) of the Convertible Security and upon conversion, exercise or exchange of such Convertible Security or otherwise pursuant to the terms thereof and (y) the lowest conversion price set forth in such Convertible Security for which one share of Common Stock is issuable (or may become issuable assuming all possible market conditions) upon conversion, exercise or exchange thereof or otherwise pursuant to the terms thereof minus (2) the sum of all amounts paid or payable to the holder of such Convertible Security (or any other Person) upon the issuance or sale (or the agreement to issue or sell, as applicable) of such Convertible Security plus the value of any other consideration received or receivable by, or benefit conferred on, the holder of such Convertible Security (or any other Person).  Except as contemplated below, no further adjustment of the Adjusted Conversion Price shall be made upon the actual issuance of such shares of Common Stock upon conversion, exercise or exchange of such Convertible Securities or otherwise pursuant to the terms thereof, and if any such issuance or sale of such Convertible Securities is made upon exercise of any Options for which adjustment of the Adjusted Conversion Price has been or is to be made pursuant to other provisions of this Section 5.1, except as contemplated below, no further adjustment of the Adjusted Conversion Price shall be made by reason of such issuance or sale.
(c)Change in Option Price or Rate of Conversion.  If the purchase or exercise price provided for in any Options, the additional consideration, if any, payable upon the issue, conversion, exercise or exchange of any Convertible Securities, or the rate at which any Convertible Securities are convertible into or exercisable or exchangeable for shares of Common Stock increases or decreases at any time (other than proportional changes in conversion or exercise prices, as applicable, in connection with an event referred to in this Section 5.1), the Adjusted Conversion Price in effect at the time of such increase or decrease shall be adjusted to the Adjusted Conversion Price which would have been in effect at such time had such Options or Convertible Securities provided for such increased or decreased purchase price, additional consideration or increased or decreased conversion rate, as the case may be, at the time initially granted, issued or sold.  For purposes of this Section 5.1(c), if the terms of any Option or Convertible Security (including, without limitation, any Option or Convertible Security that was outstanding as of the Amendment Effective Date) are increased or decreased in the manner described in the immediately preceding sentence, then such Option or Convertible Security and the shares of Common Stock deemed issuable upon exercise, conversion or exchange thereof shall be deemed to have been issued as of the date of such increase or decrease.  No adjustment pursuant to this Section 5.1 shall be made if such adjustment would result in a decrease of the Adjusted Conversion Price then in effect.
(d)Calculation of Consideration Received.  If any Option and/or Convertible Security is issued in connection with the issuance or sale or deemed issuance or sale of any other securities of the Company (as determined by the Purchaser, the “Primary Security”, and such Option and/or Convertible Security, the “Secondary Securities” and together with the Primary Security, each a “Unit”), together comprising one integrated transaction, the aggregate consideration per share of Common Stock with respect to such Primary Security shall be deemed to be the lower of (x) the purchase price of such Unit or (y) if such Primary Security is an Option and/or Convertible Security, the lowest price per share for which one share of Common Stock is at any time issuable upon the exercise or conversion of the Primary Security in accordance with Sections 5.1(a) or 5.1(b) above.  If any shares of Common Stock, Options or Convertible Securities are issued or sold or deemed to have been issued or sold for cash, the consideration received therefor will be 
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deemed to be the net amount of consideration received by the Company therefor.  If any shares of Common Stock, Options or Convertible Securities are issued or sold for a consideration other than cash, the amount of such consideration received by the Company will be the fair value of such consideration, except where such consideration consists of publicly traded securities, in which case the amount of consideration received by the Company for such securities will be the arithmetic average of the VWAPs of such security for each of the five (5) Trading Days immediately preceding the date of receipt.  If any shares of Common Stock, Options or Convertible Securities are issued to the owners of the non-surviving entity in connection with any merger in which the Company is the surviving entity, the amount of consideration therefor will be deemed to be the fair value of such portion of the net assets and business of the non-surviving entity as is attributable to such shares of Common Stock, Options or Convertible Securities (as the case may be).  The fair value of any consideration other than cash or publicly traded securities will be determined jointly by the Company and the Purchaser.  If such parties are unable to reach agreement within ten (10) days after the occurrence of an event requiring valuation (the “Valuation Event”), the fair value of such consideration will be determined within five (5) Trading Days after the tenth (10th) day following such Valuation Event by an independent, reputable appraiser jointly selected by the Company and the Purchaser.  The determination of such appraiser shall be final and binding upon all parties absent manifest error and the fees and expenses of such appraiser shall be borne by the Company. “Principal Market” means the OTC Pink Marketplace.
(e)Record Date.  If the Company takes a record of the holders of shares of Common Stock for the purpose of entitling them (A) to receive a dividend or other distribution payable in shares of Common Stock, Options or in Convertible Securities or (B) to subscribe for or purchase shares of Common Stock, Options or Convertible Securities, then such record date will be deemed to be the date of the issuance or sale of the shares of Common Stock deemed to have been issued or sold upon the declaration of such dividend or the making of such other distribution or the date of the granting of such right of subscription or purchase (as the case may be).

3.    Amendment to the Registration Rights Agreement.
3.1    Amendment to defined term “Registrable Securities”.  Effective as of the Second Amendment Effective Date, the defined term “Registrable Securities” is hereby amended to mean the Right Shares and the shares of Common Stock issued or issuable upon the conversion of the Notes.
4.    Covenants of the Company.  The Company hereby covenants to the Purchasers that the Company shall increase its shares in an amount equal to 100% of the Waived Reserve Amount (as defined below) by January 31, 2023 (the “Share Reserve Deadline”).
4.1    Subsequent Placement Exchange Right.  If at any time during the term of the Notes, Company grants, issues or sells (or enters into any agreement to grant, issue or sell), any shares of Common Stock (including the issuance or sale of shares of Common Stock owned or held by or for the account of the Company (each, a “Subsequent Placement”), the Purchasers may elect, on or prior to the fifth Business Day immediately following the public announcement of such Subsequent Placement, to purchase the securities or, as applicable, units of securities, issued in such Subsequent Placement by delivery of written notice to the Company of its request to apply all, or any part, of the Outstanding Balance then outstanding, on a dollar-for-dollar basis, against the purchase price of such securities. Notwithstanding the forgoing, the Company shall not be required to settle such securities prior to the Share Reserve Deadline. 
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5.    Certain Waivers.
5.1    Reservation of Shares.  The Purchasers hereby waive from the date hereof and through the Share Reserve Deadline the requirement that the Company keep shares of Common Stock reserved for issuance upon conversion of the Notes (the “Waived Reserve Amount”).
5.2    Outstanding Balance Increase.  The Purchasers hereby grant a one-time waiver of Section 7.2(a) of the Purchase Agreement, solely and only to the extent necessary, to allow the increase to the principal amount of the Outstanding Balance (as defined in the Baker Purchase Agreement), including costs and expenses (including reasonable attorneys’ fees) incurred by the Designated Agent (as defined below) and/or Baker Bros. (as defined below) relating to the Baker Purchase Agreement, in accordance with the terms of that certain Forbearance Agreement, dated as of September 15, 2022, by and among the Company, the purchasers party thereto (“Baker Bros.”) and Baker Bros. Advisors LP, as agent and collateral agent for Baker Bros. (the “Designated Agent”). The “Baker Purchase Agreement,” means that certain Securities Purchase and Security Agreement, dated as of April 23, 2020, by and among the Company, Baker Bros., and the Designated Agent, as amended from time to time.
6.    Miscellaneous.
6.1    Governing Law.  This Second Amendment shall be governed in all respects by and construed in accordance with the laws of the State of New York without regard to provisions regarding choice of laws.
6.2    Entire Agreement.  This Second Amendment, together with the Purchase Agreement, the Notes, the other Note Documents, and the Exhibits to the Purchase Agreement and thereto (all of which are hereby expressly incorporated herein by this reference) constitute the entire understanding and agreement between the parties with regard to the subjects hereof and thereof.
6.3    Titles and Subtitles.  The titles of the sections and clauses of this Second Amendment are for convenience of reference only and are not to be considered in construing this Second Amendment.
6.4    Counterparts.  This Second Amendment may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument.  Delivery by facsimile or e-mail of an executed counterpart of a signature page shall be effective as delivery of an original executed counterpart.
6.5    Severability.  Should any provision of this Second Amendment be determined to be illegal or unenforceable, such determination shall not affect the remaining provisions of this Second Amendment.
[Signature page follows.]

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IN WITNESS WHEREOF, the parties have executed this Second Amendment to Securities Purchase Agreement to be effective as of the date first above written.
EVOFEM BIOSCIENCES, INC.

By: /s/ Justin J. File  
Name:  Justin J. File
Title:  Chief Financial Officer
Address:
12400 High Bluff Drive, Suite 600
San Diego, CA

Email: 

Signature Page to Second Amendment to Securities Purchase Agreement

ADJUVANT GLOBAL HEALTH TECHNOLOGY FUND, LP
as a Purchaser
By:  Adjuvant Capital GP, L.P., its General Partner
By:  Adjuvant Capital Management, LLC, its General Partner

By: /s/ Jenny Yip  
Name: Jenny Yip
Title: Co-President
Address:
445 Fifth Ave, #20D
New York, NY 10016

Email: 

Signature Page to Second Amendment to Securities Purchase Agreement

ADJUVANT GLOBAL HEALTH TECHNOLOGY FUND DE, LP,
as a Purchaser
By: Adjuvant Capital GP, L.P., its General Partner
By: Adjuvant Capital Management, LLC, its General Partner

By: /s/ Jenny Yip  
Name: Jenny Yip
Title: Co-President
Address:
445 Fifth Ave, #20D
New York, NY 10016

Email:  

Signature Page to Second Amendment to Securities Purchase AgreementExhibit
10.1

 

THIS
SUBSCRIPTION AGREEMENT IS EXECUTED IN RELIANCE UPON (1) THE EXEMPTION PROVIDED BY SECTION 4(2) AND REGULATION D, RULE 506(b) FOR TRANSACTIONS
NOT INVOLVING A PUBLIC OFFERING UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR (2) THE EXEMPTION
TO AN OFFERING OF SECURITIES IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO RULE 903
OF REGULATION S PROMULGATED UNDER THE SECURITIES ACT. THIS OFFERING IS BEING MADE ONLY TO ACCREDITED INVESTORS OR TO NON-U.S. PERSONS
PURSUANT TO RULE 903 OF REGULATION S PROMULGATED UNDER THE SECURITIES ACT. NONE OF THE SECURITIES TO WHICH THIS SUBSCRIPTION RELATES
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD,
DIRECTLY OR INDIRECTLY, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION D OR REGULATION S UNDER THE SECURITIES ACT, 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 EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN
ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE SECURITIES ACT.

 

 

 

SUBSCRIPTION
AGREEMENT

 

 

 

THIS
SUBSCRIPTION AGREEMENT (this “Subscription”) has been executed by Harmony Energy Technologies Corporation, a Delaware
corporation (the “Company”), and the Subscriber set forth in the Signature Page (the “Signature Page”)
attached hereto (the “Subscriber”).

 

WHEREAS,
the Subscriber seeks to subscribe for units (the “Units”) from the Company (the “Offering”) at
a purchase price of $.10 per Unit, to be issued by the Company as set forth herein, with each Unit consisting of one share (“Share”)
of the Company’s common stock, par value $.0001 per share (the “Common Shares”) and a two year warrant substantially
in the form attached hereto as Exhibit A (the “Warrant”) to purchase one share of Common Stock with an exercise price
of $.25 per share. The Units, Shares, Warrants and Common Stock issuable upon exercise of the Warrants are collectively referred to as
the “Securities”; and

 

WHEREAS,
the offer of the Units and, if this Subscription is accepted by the Company, the sale of Units, is being made in reliance upon Section
4(2) and/or Rule 506(b) of Regulation D of the Securities Act or Rule 903 of Regulation S promulgated under the Securities Act.

 

NOW,
THEREFORE, for and in consideration of the premises and the mutual covenants hereinafter set forth, the parties hereto do hereby
agree as follows:

 

ARTICLE
1. SUBSCRIPTION

 

	1.1	Subscription.
    The undersigned Subscriber, as principal, hereby subscribes to purchase the number of Units set forth on the Signature Page attached
    hereto (the “Subscription”) at an aggregate purchase price as set forth on the Signature Page (the “Subscription
    Funds”).
	 	 
	1.2	Minimum
    Subscription. A minimum of $10,000 of Units must be purchased by the Subscriber, unless a lower amount is agreed to by the Company,
    in its sole discretion.

 

    	Page 1

     

    

 

	1.3	Method
    of Payment. The Subscriber shall pay the Subscription Funds by delivering good funds in United States Dollars by way of wire
    transfer of funds to the Company as follows:
	 	 
	 	Company
    Name: Harmony Energy Technologies Corporation
	 	Address:
    165 Broadway FL23, New York, NY, USA 10006
	 	Bank
    Name: JPMorgan Chase Bank, NA
	 	Account
    number: 368086036
	 	Routing
    number: 021000021

 

1.4
Closing. The Closing of the purchase and sale of the Shares shall occur on multiple closing dates as may be determined by the Company
in its sole discretion (the “Closing Date”). The Subscriber acknowledges that the Units may be issued to subscribers
in this Offering before or after the Closing Date. The Company may, at its discretion, elect to close the Offering in one or more closings,
in which event the Company may agree with one or more subscribers (including the Subscriber hereunder) to complete delivery of the Shares
to such subscriber(s) against payment therefore at any time on or prior to the Closing Date.

 

1.5
Acceptance. The Subscriber acknowledges that the subscription for Units hereunder may be rejected in whole or in part by the Company
in its sole discretion and for any reason, notwithstanding prior receipt by the Subscriber of notice of acceptance of such subscription.
The Company shall have no obligation hereunder until the Company shall execute and deliver an executed copy of this Subscription to the
Subscriber. If this Subscription is rejected in whole, or the offering of Units is terminated, all funds received from the Subscriber
will be returned without interest or offset, and this Subscription shall thereafter be of no further force or effect. If this Subscription
is rejected in part, the funds for the rejected portion of this subscription will be returned without interest or offset, and this Subscription
will continue in full force and effect to the extent this Subscription was accepted.

 

ARTICLE
2. REPRESENTATIONS AND WARRANTIES OF THE SUBSCRIBER

 

2.1
Representations and Warranties. The Subscriber represents and warrants to the Company, with the intent that the Company will rely
thereon in accepting this Subscription, that:

 

	 	(a)	The
    Subscriber is either (i) an “accredited investor” as that term is defined in Regulation D promulgated under the Securities
    Act and as set forth in Exhibit B attached hereto and made a part hereof, or (ii) not a U.S. Person as defined in Rule
    902 of Regulation S promulgated under the Securities Act and as set forth in Exhibit C attached hereto and made a part
    hereof;
	 	 	 
	 	(b)	The
    Subscriber is sufficiently experienced in financial and business matters to be capable of evaluating the merits and risks of its
    investments, and to make an informed decision relating thereto, and to protect its own interests in connection with the purchase
    of the Units;
	 	 	 
	 	(c)	The
    Subscriber is purchasing the Units as principal for its own account. The Subscriber is purchasing the Units for investment purposes
    only and not with an intent or view towards further sale or distribution (as such term is used in Section 2(11) of the Securities
    Act) thereof and has not pre-arranged any sale with any other Subscriber and has no plans to enter into any such agreement or arrangement;
	 	 	 
	 	(d)	The
    Subscriber understands that the offer and sale of the Units is not being registered under the Securities Act or any state securities
    laws and is intended to be exempt from registration provided by either (i) in the case of U.S. person, Rule 506(b) promulgated under
    Regulation D and/or Section 4(2) of the Securities Act or (ii) in the case of a Non-U.S. Person, Rule 903 of Regulation S promulgated
    under Regulation S of the Securities Act;
	 	 	 
	 	(e)	The
    Subscriber understands that the Units are being offered and sold to it in reliance on an exemption from the registration requirements
    of the Securities Act and that the Company is relying upon the truth and accuracy of the representations, warranties, agreements,
    acknowledgments and understandings of the Subscriber set forth herein in order to determine the applicability of such safe harbor
    and the suitability of the Subscriber to acquire the Units;

 

    	Page 2

     

    

 

	 	(f)	The
    Units have not been registered under the Securities Act or any state securities laws and may not be transferred, sold, assigned,
    hypothecated or otherwise disposed of unless registered under the Securities Act and applicable state securities laws or unless an
    exemption from such registration is available (including, without limitation, under Rule 144 of the Securities Act, as such rule
    may be amended, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect (“Rule
    144”)). The Subscriber represents and warrants and hereby agrees that all offers and sales of the Units shall be made only
    pursuant to such registration or to such exemption from registration;
	 	 	 
	 	(g)	The
    Subscriber acknowledges that the purchase of the Units involves a high degree of risk, is aware of the risks and further acknowledges
    that it can bear the economic risk of the Units, including the total loss of its investment. The Subscriber has adequate means of
    providing for its financial needs and foreseeable contingencies and has no need for liquidity of its investment in the Units for
    an indefinite period of time;
	 	 	 
	 	(h)	The
    Subscriber and its Subscriber representatives, if any, have received documents requested by the Subscriber, have carefully reviewed
    them and understand the information contained therein;
	 	 	 
	 	(i)	The
    Subscriber, in making the decision to purchase the Units subscribed for, has relied upon independent investigations made by it and
    its Subscriber representatives, if any, and the Subscriber and such representatives, if any, have prior to any sale to it been given
    access and the opportunity to examine all material contracts and documents relating to this Offering and an opportunity to ask questions
    of, and to receive answers from, the Company or any person acting on its behalf concerning the terms and conditions of this Offering.
    The Subscriber and its advisors, if any, have been furnished with access to all materials relating to the business, finances and
    operation of the Company and materials relating to the offer and sale of the Units that have been requested. The Subscriber and its
    advisors, if any, have received complete and satisfactory answers to any such inquiries;
	 	 	 
	 	(j)	The
    Subscriber understands that no federal, state or other regulatory authority has passed on or made any recommendation or endorsement
    of the Units. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of this Subscription.
    Any representation to the contrary is a criminal offense;
	 	 	 
	 	(k)	In
    evaluating the suitability of an investment in the Company, the Subscriber has not relied upon any representation or information
    (oral or written) other than as stated in this Subscription;
	 	 	 
	 	(l)	The
    Subscriber is not relying on the Company or any of its respective employees or agents with respect to the legal, tax, economic and
    related considerations of an investment in the Units, and the Subscriber has relied on the advice of, or has consulted with, only
    its own advisers;
	 	 	 
	 	(m)	The
    Subscriber (i) if a natural person, represents that the Subscriber has reached the age of 21 and has full power and authority to
    execute and deliver this Subscription and all other related agreements or certificates and to carry out the provisions hereof and
    thereof; (ii) if a corporation, partnership, or limited liability company or partnership, or association, joint stock company, trust,
    unincorporated organization or other entity, represents that such entity was not formed for the specific purpose of acquiring the
    Units, such entity is duly organized, validly existing and in good standing under the laws of the state of its organization, the
    consummation of the transactions contemplated hereby is authorized by, and will not result in a violation of state law or its charter
    or other organizational documents, such entity has full power and authority to execute and deliver this Subscription and all other
    related agreements or certificates and to carry out the provisions hereof and thereof and to purchase and hold the Units, the execution
    and delivery of this Subscription has been duly authorized by all necessary action, this Subscription has been duly executed and
    delivered on behalf of such entity and is a legal, valid and binding obligation of such entity; or (iii) if executing this Subscription
    in a representative or fiduciary capacity, represents that it has full power and authority to execute and deliver this Subscription
    in such capacity and on behalf of the subscribing individual, ward, partnership, trust, estate, corporation, or limited liability
    company or partnership, or other entity for whom the Subscriber is executing this Subscription, and such individual, partnership,
    ward, trust, estate, corporation, or limited liability company or partnership, or other entity has full right and power to perform
    pursuant to this Subscription and make an investment in the Company, and represents that this Subscription constitutes a legal, valid
    and binding obligation of such entity. The execution and delivery of this Subscription will not violate or be in conflict with any
    order, judgment, injunction, agreement or controlling document to which the Subscriber is a party or by which it is bound;

 

    	Page 3

     

    

 

	 	(n)	If
    the Subscriber is a U.S. Person, such Subscriber acknowledges that it is not aware of, is in no way relying on, and did not become
    aware of the offering of the Units through or as a result of any form of general solicitation or general advertising, including,
    without limitation, any article, notice, advertisement or other communication published in any newspaper, magazine, or similar media
    or broadcast over television or radio, or through any seminar or meeting whose attendees have been invited by any general solicitation
    or general advertising;
	 	 	 
	 	(o)	If
    the Subscriber is not a United States person, such Subscriber hereby represents that it has satisfied itself as to the full observance
    of the laws of its jurisdiction in connection with any invitation to subscribe for the Units or any use of this Subscription, including:
    (a) the legal requirements within its jurisdiction for the purchase of the Units; (b) any foreign exchange restrictions applicable
    to such purchase; (c) any governmental or other consents that may need to be obtained; and (d) the income tax and other tax consequences,
    if any, that may be relevant to the purchase, holding, redemption, sale or transfer of the Units. Such Subscriber’s subscription
    and payment for, and its continued beneficial ownership of the Units, will not violate any applicable securities or other laws of
    the Subscriber’s jurisdiction;
	 	 	 
	 	(p)	The
    Subscriber covenants that until such time as the transactions contemplated by this Subscription are publicly disclosed by the Company,
    such Subscriber will maintain the confidentiality of the existence and terms of this Offering and the information included in this
    Subscription. The Subscriber acknowledges the positions of the Securities and Exchange Commission (“Commission”) set
    forth in Item 65, Section A, of the Manual of Publicly Available Telephone Interpretations, dated July 1997, compiled by the Office
    of Chief Counsel, Division of Corporation Finance. Notwithstanding the foregoing, Subscriber makes no representation, warranty or
    covenant hereby that it will not engage in Short Sales in the securities of the Company after the time that the Offering is publicly
    announced. Notwithstanding the foregoing, if Subscriber is a multi-managed investment vehicle whereby separate portfolio managers
    manage separate portions of Subscriber’s assets and the portfolio managers have no direct knowledge of the investment decisions
    made by the portfolio managers managing other portions of such Subscriber’s assets, the covenant set forth above shall only
    apply with respect to the portion of assets managed by the portfolio manager that made the investment decision to purchase the Units
    covered by this Subscription;
	 	 	 
	 	(q)	The
    Company will refuse to register any transfer of any of the Shares not made in accordance with the provisions of Regulation S, pursuant
    to an effective registration statement under the 1933 Act or pursuant to an available exemption from, or in a transaction not subject
    to, the registration requirements of the 1933 Act;
	 	 	 
	 	(r)	By
    execution hereof, the Subscriber has waived the need for the Company to communicate its acceptance of the purchase of the Shares
    pursuant to this Subscription Agreement;
	 	 	 
	 	(s)	The
    Company is entitled to rely on the representations and warranties and the statements and answers of the Subscriber contained in this
    Subscription Agreement, and the Subscriber will hold harmless the Company from any loss or damage it may suffer as a result of the
    Subscriber’s failure to correctly complete this Subscription Agreement;
	 	 	 
	 	(t)	The
    Subscriber will indemnify and hold harmless the Company and, where applicable, its respective directors, officers, employees, agents,
    advisors and shareholders from and against any and all loss, liability, claim, damage and expense whatsoever (including, but not
    limited to, any and all fees, costs and expenses whatsoever reasonably incurred in investigating, preparing or defending against
    any claim, lawsuit, administrative proceeding or investigation whether commenced or threatened) arising out of or based upon any
    acknowledgment, representation or warranty of the Subscriber contained herein or in any other document furnished by the Subscriber
    to the Company in connection herewith, being untrue in any material respect or any breach or failure by the Subscriber to comply
    with any covenant or agreement made by the Subscriber to the Company in connection therewith;

 

    	Page 4

     

    

 

	 	(u)	None
    of the Shares are listed on any stock exchange or automated dealer quotation system and no representation has been made to the Subscriber
    that any of the Shares will become listed on any stock exchange or automated dealer quotation system;
	 	 	 
	 	(v)	Neither
    the SEC nor any other securities commission or similar regulatory authority has reviewed or passed on the merits of any of the Shares
    and no documents in connection with this Offering have been reviewed by the SEC or any state securities administrators;
	 	 	 
	 	(w)	There
    is no government or other insurance covering any of the Units;
	 	 	 
	 	(x)	This
    Subscription Agreement is not enforceable by the Subscriber unless it has been accepted by the Company, and the Subscriber acknowledges
    and agrees that the Company reserves the right to reject any subscription for any reason;
	 	 	 
	 	(y)	The
    Subscriber is acquiring the Shares as principal for investment only and not with a view to, or for, resale, distribution or fractionalization
    thereof, in whole or in part, and, in particular, it has no intention to distribute either directly or indirectly any of the Shares
    in the United States or to U.S. Persons (as defined herein);
	 	 	 
	 	(z)	The
    Subscriber acknowledges that it has not acquired the Shares as a result of, and will not itself engage in, any “directed selling
    efforts” (as defined in Regulation S under the 1933 Act) in the United States in respect of any of the Shares which would include
    any activities undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market
    in the United States for the resale of any of the Shares; provided, however, that the Subscriber may sell or otherwise dispose of
    any of the Shares pursuant to registration of any of the Shares pursuant to the 1933 Act and any applicable state securities laws
    or under an exemption from such registration requirements and as otherwise provided herein;
	 	 	 
	 	(aa)	The
    Subscriber is not an underwriter of, or dealer in, the shares of the Company’s common stock, nor is the Subscriber participating,
    pursuant to a contractual agreement or otherwise, in the distribution of the Shares;
	 	 	 
	 	(bb)	The
    Subscriber is not aware of any advertisement of any of the Shares and is not acquiring the Shares as a result of any form of general
    solicitation or general advertising, including advertisements, articles, notices or other communications published in any newspaper,
    magazine or similar media or broadcast over radio or television, or any seminar or meeting whose attendees have been invited by general
    solicitation or general advertising; and
	 	 	 
	 	(cc)	No
    person has made to the Subscriber any written or oral representations: (i) that any person will resell or repurchase any of the Shares,
    (ii) that any person will refund the purchase price of any of the Shares, (iii) as to the future price or value of any of the Shares,
    or (iv) that any of the Shares will be listed and posted for trading on any stock exchange or automated dealer quotation system or
    that application has been made to list and post any of the Shares of the Company on any stock exchange or automated dealer quotation
    system.

 

ARTICLE
3. REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

3.1
Company Representations. The Company, upon taking up and accepting this Subscription, represents and warrants in all material respects
to the Subscriber, with the intent that the Subscriber will rely thereon in making this Subscription, that the Company has the requisite
corporate power and authority to take up and accept this Subscription and to issue, sell and deliver the Units; this Subscription and
the issuance, sale and delivery of the Units hereunder and the transactions contemplated hereby have been duly and validly authorized
by all necessary corporate action by the Company; this Subscription and the Units have been duly and validly executed and delivered by
and on behalf of the Company, and are valid and binding agreements of the Company, enforceable in accordance with their respective terms,
except as enforceability may be limited by general equitable principles, bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium, or other laws affecting creditors’ rights generally.

 

    	Page 5

     

    

 

ARTICLE
4. ISSUANCE OF SECURITIES

 

4.1
Issuance and Delivery. As soon as practicable after the Closing Date, the Company shall issue and deliver, or shall cause the issuance
and delivery of, the Units in the name or names specified by the Subscriber purchased in the Offering. Such Units shall bear a legend
in substantially one of the following forms:

 

For
U.S. Persons:

 

THESE
SECURITIES HAVE BEEN ISSUED PURSUANT TO THE EXEMPTION FROM THE REGISTRATION PROVISIONS UNDER THE SECURITIES ACT OF 1933, AS AMENDED PROVIDED
BY RULE 506 OF REGULATION D UNDER SUCH ACT AND/OR SECTION 4(2) OF SUCH ACT. THESE SECURITIES CANNOT BE TRANSFERRED, OFFERED, OR SOLD
UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
IS AVAILABLE.

 

For
Non-U.S. Persons:

 

THESE
SECURITIES WERE ISSUED IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO REGULATION S UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”). ACCORDINGLY, NONE OF THE SECURITIES TO WHICH THIS
CERTIFICATE RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE
OFFERED OR SOLD IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933
ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES
MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933 ACT.

 

4.2
Registration or Exemption. The Subscriber agrees that such Subscriber will sell any Securities pursuant to either the registration
requirements of the Securities Act, including any applicable prospectus delivery requirements, or an exemption therefrom, and that if
Securities are sold pursuant to a registration statement, they will be sold in compliance with the plan of distribution set forth therein,
and acknowledges that the removal of the restrictive legend from certificates representing the Units as set forth herein is predicated
upon the Company’s reliance upon this understanding.

 

ARTICLE
5. CLOSING

 

5.1
Closing Deliverables. On or prior to the Closing Date, Subscriber shall deliver or cause to be delivered to the Company the following:

 

		(a)	this
                                            Subscription, duly executed by Subscriber,
		(b)	the
                                            purchase price by wire transfer, and
		(c)	the
                                            Accredited Investor Questionnaire, in the form attached hereto duly executed by the Subscriber.

 

ARTICLE
6. INDEMNIFICATION

 

6.1
Indemnification of the Company. The Subscriber agrees to indemnify and hold harmless the Company against and in respect of any and
all loss, liability, claim, damage, deficiency, and all actions, suits, proceedings, demands, assessments, judgments, costs and expenses
whatsoever (including, but not limited to, attorneys’ fees reasonably incurred in investigating, preparing, or defending against
any litigation commenced or threatened or any claim whatsoever through all appeals) arising out of or based upon any false representation
or warranty or breach or failure by the Subscriber to comply with any covenant, representation or other provision made by it herein or
in any other document furnished by it in connection with this Subscription, provided, however, that such indemnity, when taken together
with any other indemnity provided to the Company pursuant to the Registration Rights Agreement, shall in no event exceed the net proceeds
received by the Company from the Subscriber as a result of the sale of Securities to the Subscriber.

 

    	Page 6

     

    

 

ARTICLE
7. GENERAL PROVISIONS

 

7.1
Governing Law. This Subscription shall be governed by and construed under the law of the State of Delaware without regard to its
choice of law provision. Any disputes arising out of, in connection with, or with respect to this Subscription, the subject matter hereof,
the performance or non-performance of any obligation hereunder, or any of the transactions contemplated hereby shall be adjudicated in
a court of competent civil jurisdiction sitting in New York, New York and nowhere else. The parties hereby consent to the service of
process and notice in any such action or legal proceeding by means of registered or certified mail, return receipt requested. The address
for service of process and notice shall be (a) to the Company, at 165 Broadway, FL 23 New York, NY 10006 Attn: Nick Zeng, Chief Executive
Officer, and (b) to the Subscriber, at the address set forth on the Signature Page hereto, or, in each case, to such other address as
each party shall subsequently furnish in writing to the other. In any action, suit or proceeding brought by any party against any
other party, the parties each knowingly and intentionally, to the greatest extent permitted by applicable law, hereby absolutely, unconditionally,
irrevocably and expressly waive forever trial by jury.

 

7.2
Successors and Assigns. This Subscription shall inure to the benefit of and be binding on the respective successors and assigns of
the parties hereto.

 

7.3
Execution by Counterparts and Facsimile. This Subscription may be executed in counterparts and by facsimile, each of which, when
executed by any party, will be deemed to be an original and all of which counterparts will together constitute one and the same Subscription.

 

7.4
Independent Legal Advice. The parties hereto acknowledge that they have each received independent legal advice with respect to the
terms of this Subscription and the transactions contemplated herein or have knowingly and willingly elected not to do so.

 

7.5
Severability. If any term, provision, covenant or restriction of this Subscription is held by a court of competent jurisdiction to
be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall
remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially
reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated
by such term, provision, covenant or restriction.

 

7.6
Signature Page. This Subscription Agreement is intended to be read and construed in conjunction with the other documents pertaining
to the issuance by the Company of the Units to Subscribers. Accordingly, it is hereby agreed that the execution by the Subscriber and
the Company of this Subscription Agreement, in the place set forth herein, shall constitute an agreement to be bound by the terms and
conditions of both this Subscription Agreement and the Registration Rights Agreement with the same effect as if both this Subscription
Agreement and the Registration Rights Agreement were separately signed.

 

7.7
Personal Information. The Subscriber acknowledges and consents to the fact that the Company is collecting the Subscriber’s
personal information for the purpose of fulfilling this Subscription Agreement and completing the Offering. The Subscriber’s personal
information (and, if applicable, the personal information of those on whose behalf the Subscriber is contracting hereunder) may be disclosed
by the Company to (a) stock exchanges or securities regulatory authorities, (b) the Company’s registrar and transfer agent and
(c) any of the other parties involved in the Offering, including legal counsel, and may be included in record books in connection with
the Offering. By executing this Subscription Agreement, the Subscriber is deemed to be consenting to the foregoing collection, use and
disclosure of the Subscriber’s personal information (and, if applicable, the personal information of those on whose behalf the
Subscriber is contracting hereunder) and to the retention of such personal information for as long as permitted or required by law or
business practice. Notwithstanding that the Subscriber may be purchasing Shares as agent on behalf of an undisclosed principal, the Subscriber
agrees to provide, on request, particulars as to the identity of such undisclosed principal as may be required by the Company in order
to comply with the foregoing.

 

7.8
Costs. The Subscriber acknowledges and agrees that all costs and expenses incurred by the Subscriber (including any fees and disbursements
of any special counsel retained by the Subscriber) relating to the purchase of the Shares shall be borne by the Subscriber.

 

    	Page 7

     

    

 

In
Witness Whereof, the Subscriber has executed this Subscription Agreement on the _______ day of 2022.

 

(insert
date)

 

	Total
    Number of Units Purchased	 
	Aggregate
    Amount Paid ($.10 Per Unit)	 
	 	 
	PURCHASER-INDVIDUAL	PURCHASER-CORPORATE
    ENTITY
	 	 
	_________________________________	_________________________________
	(Print
    Full Name)	(Print
    Legal Name of Entity)
	 	 
	By:
    ____________________________	By:
    ____________________________
	  (Signature
of Individual Investor)	  (Signature
    of Authorized Representative)
	 	 
	Country
    of Citizenship:_____________	Title:______________________________
	 	 
	Complete
    Mailing Address for Notice:	Place
    of Incorporation: _______________
	_________________________________	Complete
    Mailing Address for Notice:
	_________________________________	_________________________________
	_________________________________	_________________________________
	 	_________________________________

 

    	Page 8

     

    

 

COMPANY
ACCEPTANCE

 

The
offer to purchase the Units as set forth above is confirmed and accepted by the Company as to the number of shares of Units set forth
above.

 

	Harmony
    Energy Technologies Corporation
	 	 
	By:	(Signature)
    Nick Zeng, Chief Executive Officer

 

    	Page 9

     

    

 

Exhibits
:

 

Exhibit
A: Form of Warrant

Exhibit
B: Definition of Accredited Investor

Exhibit
C: Rule 902 U.S. Persons under Regulation S

Exhibit
D: Accredited Investor Questionnaire

 

    	Page 10

     

    

 

EXHIBIT
A

FORM
OF WARRANT

 

THIS
WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), OR ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF
UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS COVERING ANY SUCH TRANSACTION
OR UNLESS THE CORPORATION SHALL HAVE RECEIVED AN OPINION OF ITS COUNSEL THAT REGISTRATION OF SUCH SECURITIES UNDER THE SECURITIES ACT
AND UNDER THE PROVISIONS OF APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED.

 

COMMON
STOCK PURCHASE WARRANT

 

Warrant
No._________

 

THIS
CERTIFIES that, for good and valuable consideration received, or a registered assignee (the “Holder”) is entitled,
upon the terms and subject to the conditions hereinafter set forth, to acquire from Harmony Energy Technologies Corporation, a Delaware
corporation (the “Corporation”), up to fully paid and nonassessable shares of common stock, par value $0.0001, of
the Corporation (“Common Stock”) at a purchase price per share (the “Exercise Price”) of twenty-five
Cents ($.25) (the “Warrant”).

 

1.
Term of Warrant. Subject to the terms and conditions set forth herein, this Warrant shall be exercisable, in whole or in part,
at any time on or after the date hereof and at or prior to 11:59 p.m., Pacific Standard Time, on the 2 year anniversary date of this
Warrant (the “Expiration Time”).

 

2.
Exercise of Warrant. The purchase rights represented by this Warrant are exercisable by the Holder, in whole or in part, at any
time and from time to time at or prior to the Expiration Time by the surrender of this Warrant and the Notice of Exercise form attached
hereto as Appendix A duly executed to the office of the Corporation, Harmony Energy Technologies Corporation, Attention: Nick Zeng; email:
ir@hetcusa.com (or such other office or agency of the Corporation as it may designate by notice in writing to the Holder at the address
of the Holder appearing on the books of the Corporation), and upon payment of the Exercise Price for the shares thereby purchased (by
cash or by check or bank draft payable to the order of the Corporation); whereupon the Holder shall be entitled to receive from the Corporation
a stock certificate in proper form representing the number of shares of Common Stock so purchased.

 

3.
Issuance of Shares; No Fractional Shares or Scrip. Certificates for shares purchased hereunder shall be delivered to the Holder
by the Corporation’s transfer agent at the Corporation’s expense within a reasonable time after the date on which this Warrant
shall have been exercised in accordance with the terms hereof. Each certificate so delivered shall be in such denominations as may be
requested by the Holder and shall be registered in the name of the Holder or, subject to applicable laws, such other name as shall be
requested by the Holder. If upon exercise of this Warrant, fewer than all of the shares of Common Stock evidenced by this Warrant are
purchased prior to the Expiration Time, one or more new Warrants substantially in the form of, and on the terms in, this Warrant will
be issued for the remaining number of shares of Common Stock not purchased upon exercise of this Warrant. The Corporation hereby represents
and warrants that all shares of Common Stock which may be issued upon the exercise of this Warrant will, upon such exercise, be duly
and validly authorized and issued, fully paid, and nonassessable and free from all taxes, liens, and charges in respect of the issuance
thereof (other than liens or charges created by or imposed upon the Holder). The Corporation agrees that the shares so issued shall be
and will be deemed to be issued to such Holder as the record owner of such shares as of the close of business on the date on which this
Warrant shall have been surrendered for exercise in accordance with the terms hereof. No fractional shares or scrip representing fractional
shares shall be issued upon the exercise of this Warrant. With respect to any fraction of a share called for upon the exercise of this
Warrant, an amount equal to such fraction multiplied by the then current price at which each share may be purchased hereunder shall be
paid in cash to the Holder of this Warrant.

 

4.
Charges, Taxes, and Expenses. Issuance of certificates for shares of Common Stock upon the exercise of this Warrant shall be made
without charge to the Holder for any issue or transfer tax or other incidental expense in respect of the issuance of such certificate,
all of which taxes and expenses shall be paid by the Corporation, and such certificates shall be issued in the name of the Holder or
in such name or names as may be directed by the Holder; provided, however, that in the event certificates for shares of Common Stock
are to be issued in a name other than the name of the Holder, this Warrant when surrendered for exercise shall be accompanied by an Assignment
Form to be provided by the Corporation duly executed by the Holder.

 

    	 

     

    

 

5.
No Rights as a Stockholder. This Warrant does not entitle the Holder to any voting rights or other rights as a stockholder of
the Corporation prior to the exercise of this Warrant.

 

6.
Exchange and Registry of Warrant. This Warrant is exchangeable, upon the surrender hereof by the Holder at the above-mentioned
office or agency of the Corporation, for a new Warrant of like tenor and dated as of such exchange. The Corporation shall maintain at
the above-mentioned office or agency a registry showing the name and address of the registered Holder of this Warrant. This Warrant may
be surrendered for exchange, transfer, or exercise, in accordance with its terms, at such office or agency of the Corporation, and the
Corporation shall be entitled to rely in all respects, prior to written notice to the contrary, upon such registry.

 

7.
Loss, Theft, Destruction, or Mutilation of Warrant. Upon receipt by the Corporation of evidence reasonably satisfactory to it
of the loss, theft, destruction, or mutilation of this Warrant and in case of loss, theft, or destruction of indemnity or security reasonably
satisfactory to it, and upon reimbursement to the Corporation of all reasonable expenses incidental thereto, and upon surrender and cancellation
of this Warrant, if mutilated, the Corporation will make and deliver a new Warrant of like tenor and dated as of such cancellation, in
lieu of this Warrant.

 

8.
Saturdays, Sundays and Holidays. If the last or appointed day for the taking of any action or the expiration of any right required
or granted herein shall be a Saturday, a Sunday or a legal holiday, then such action may be taken or such right may be exercised on the
next succeeding day not a Saturday, Sunday or legal holiday.

 

9.
Transferability; Compliance with Securities Laws.

 

(a)
This Warrant may not be transferred or assigned in whole or in part without compliance with all applicable United States, state, and
foreign securities laws by the transferor and transferee (including the delivery of investment representation letters and legal opinions
reasonably satisfactory to the Corporation, if requested by the Corporation). Subject to such restrictions, prior to the Expiration Time,
this Warrant and all rights hereunder are transferable by the Holder hereof, in whole or in part, at the office or agency of the Corporation
referred to herein. Any such transfer shall be made in person or by the Holder’s duly authorized attorney, upon surrender of this
Warrant together with the Assignment Form attached hereto properly endorsed.

 

(b)
The Holder of this Warrant, by acceptance hereof, acknowledges that this Warrant and the Common Stock issuable upon exercise hereof are
being acquired solely for the Holder’s own account and not as a nominee for any other party, and for investment, and that the Holder
will not offer, sell, or otherwise dispose of this Warrant or any shares of Common Stock to be issued upon exercise hereof except under
circumstances that will not result in a violation of the Securities Act or any state or foreign securities laws. Upon exercise of this
Warrant, the Holder shall, if requested by the Corporation, confirm in writing, in a form satisfactory to the Corporation, that the shares
of Common Stock so purchased are being acquired solely for Holder’s own account and not as a nominee for any other party, for investment,
and not with a view toward distribution or resale.

 

(c)
The Common Stock has not been registered under the Securities Act, and this Warrant may not be exercised except by (1) the original purchaser
of this Warrant from the Corporation or (2) an “accredited investor” as defined in Rule 501(a) under the Securities Act.
Each certificate representing shares of Common Stock issued on exercise of this Warrant or other securities issued in respect of such
Common Stock upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event, shall be stamped or otherwise
imprinted with a legend substantially in the following form (in addition to any other legend required under applicable securities laws):

 

THE
SHARES OF COMMON STOCK EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS THERE IS AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS COVERING ANY SUCH TRANSACTION OR UNLESS THE CORPORATION
SHALL HAVE RECEIVED AN OPINION OF ITS COUNSEL THAT REGISTRATION OF SUCH SHARES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE
STATE SECURITIES LAWS IS NOT REQUIRED.

 

    	 

     

    

 

10.
Governing Law. This Warrant shall be governed by and construed in accordance with the internal laws of the State of Delaware.

 

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

 

	 	Dated:
    _________, 2022	HARMONY
    ENERGY TECHNOLOGIES CORPORATION
	 	 	 	 
	 	 	By:	 
	 	 	 	Nick
    Zeng
	 	 	 	Chief
    Executive Officer

 

    	 

     

    

 

APPENDIX
A

NOTICE
OF EXERCISE

 

To:
Harmony Energy Technologies Corporation

 

(1)
The undersigned hereby elects to purchase shares of common stock of Harmony Energy Technologies Corporation pursuant to the terms of
the attached Warrant (the “Warrant”) and tenders herewith payment of the purchase price in full, together with all applicable
transfer taxes.

 

(2)
In exercising the Warrant, the undersigned hereby confirms and acknowledges that the shares of common stock to be issued upon exercise
hereof are being acquired solely for the account of the undersigned and not as a nominee for any other party, and for investment and
that the undersigned will not offer, sell or otherwise dispose of any such shares of common stock except under circumstances that will
not result in a violation of the Securities Act of 1933, as amended, or any state or foreign securities laws.

 

(3)
Please issue a certificate or certificates representing said shares of common stock in the name of the undersigned or in such other name
as is specified below:

 

	 	(Name)	 	 
	 	 	 	 
	 	(Address)	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	(Tax
    ID No)	 	 

 

(4)
The undersigned represents that (a) he, she, or it is the original purchaser from the Corporation of the Warrant or is an
“accredited investor” within the meaning of Rule 501(a) under the Securities Act of 1933, as amended, and (b) the
aforesaid shares of common stock are being acquired for the account of the undersigned for investment and not with a view to, or for
resale in connection with, the distribution thereof and that the undersigned has no present intention of distributing or reselling
such shares.

 

	 	Date:	 
	 	 	 
	 	 	 
	 	 	(Signature)

 

    	 

     

    

 

EXHIBIT
B

Definition
of Accredited Investor

 

Accredited
investor means any person who comes within any of the following categories:

 

(1)
Either (a) a bank as defined in Section 3(a)(2) of the Securities Act of 1933, as amended (the “Act”), or a
savings and loan association or other institution as defined in Section 3(a)(5)(A) of the Act whether acting in its individual or fiduciary
capacity; (b) a broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended; (c)
an investment adviser registered pursuant to Section 203 of the Investment Advisers Act of 1940 or registered pursuant to the laws
of a state; (d) an investment adviser relying on the exemption from registering with the Commission under section 203(l) or (m)
of the Investment Advisers Act of 1940; (e) an insurance company as defined in Section 2(a)(13) of the Act; (f) an investment
company registered under the Investment Company Act of 1940 or a business development company as defined in Section 2(a)(48) of that
act; (g) a Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or 301(d)
of the Small Business Investment Act of 1958; (h) a Rural Business Investment Company as defined in Section 384A of the Consolidated
Farm and Rural Development Act; (i) a plan established and maintained by a state, its political subdivisions, or any agency or
instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of
$5,000,000; or (j) an employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974, if the
investment decision is made by a plan fiduciary, as defined in Section 3(21) of such act, which plan fiduciary is either a bank, savings
and loan association, insurance company or registered investment adviser, or if the employee benefit plan has total assets in excess
of $5,000,000 or, if a self-directed plan, with investment decisions made solely by persons that are accredited investors;

 

(2)
A private business development company as defined in Section202(a)(22) of the Investment Advisors Act of 1940;

 

(3)
An organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, corporation, Massachusetts or similar
business trust, partnership, or limited liability company, not formed for the specific purpose of acquiring the securities offered, with
total assets in excess of $5,000,000;

 

(4)
A director, executive officer, or general partner of the issuer of the securities being offered or sold, or a director, executive officer,
or general partner of a general partner of that issuer;

 

 

1
For purposes of calculating net worth under paragraph (5): “joint net worth” can be the aggregate net worth of the
investor and spouse or spousal equivalent; assets need not be held jointly to be included in the calculation. Reliance on the joint net
worth standard of such paragraph does not require that the securities be purchased jointly.

 

    	 

     

    

 

(5)
A natural person whose individual net worth, or joint net worth with that person’s spouse or spousal equivalent, exceeds $1,000,0001,
provided that (subject to certain exceptions applicable to acquisitions of securities in accordance with a right to purchase such securities
held on July 20, 2010):

 

(i)
the person’s primary residence shall not be included as an asset;

 

(ii)
indebtedness that is secured by the person’s primary residence, up to the estimated fair market value of the primary residence
at the time of the sale of securities, shall not be included as a liability (except that if the amount of such indebtedness outstanding
at the time of sale of securities exceeds the amount outstanding 60 days before such time, other than as a result of the acquisition
of the primary residence, the amount of such excess shall be included as a liability); and

 

(iii)
indebtedness that is secured by the person’s primary residence in excess of the estimated fair market value of the primary residence
at the time of the sale of securities shall be included as a liability

 

(6)
A natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person’s
spouse or spousal equivalent in excess of $300,000 in each of those years and who has a reasonable expectation of reaching the same income
level in the current year;2

 

(7)
A trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, whose purchase
is directed by a sophisticated person as described in Rule 506 (b)(2)(ii) under the Act;

 

(8)
An entity in which each of the equity owners are Accredited Investors; 3

 

(9)
An entity, of a type not listed in paragraph (1), (2), (3), (7), or (8) above, not formed for the specific purpose of acquiring the securities
offered, owning investments in excess of $5,000,000;4

 

(10)
A natural person holding in good standing one or more professional certifications or designations or credentials from an accredited educational
institution that the Commission has designated as qualifying an individual for accredited investor status. In determining whether to
designate a professional certification or designation or credential from an accredited educational institution for purposes of this paragraph
(10), the Commission will consider, among others, the following attributes:

 

(i)
The certification, designation, or credential arises out of an examination or series of examinations administered by a self-regulatory
organization or other industry body or is issued by an accredited educational institution;

 

 

2
The term “income” means annual adjusted gross income, as reported for federal income tax purposes, plus (i) the amount
of any tax-exempt interest income received; (ii) the amount of losses claimed as a limited partner in a limited partnership; (iii) any
deduction claimed for depletion; (iv) amounts contributed to an IRA or Keogh retirement plan; (v) alimony paid; and (vi) any amount by
which income from long-term capital gains has been reduced in arriving at adjusted gross income from long-term capital gains has been
reduced in arriving at adjusted gross income pursuant to the provisions of Section 1202 of the Internal Revenue Code of 1986, as amended.

3
It is permissible to look through various forms of equity ownership to natural persons in determining the accredited investor status
of entities under this paragraph (8). If those natural persons are themselves accredited investors, and if all other equity owners of
the entity seeking accredited investor status are accredited investors, then this paragraph (8) may be available.

4
For the purposes this paragraph (9), “investments” is defined in rule 2a51-1(b) under the Investment Company Act of
1940.

 

    	 

     

    

 

(ii)
The examination or series of examinations is designed to reliably and validly demonstrate an individual’s comprehension and sophistication
in the areas of securities and investing;

 

(iii)
Persons obtaining such certification, designation, or credential can reasonably be expected to have sufficient knowledge and experience
in financial and business matters to evaluate the merits and risks of a prospective investment; and

 

(iv)
An indication that an individual holds the certification or designation is either made publicly available by the relevant self-regulatory
organization or other industry body or is otherwise independently verifiable;

 

(11)
A natural person who is a “knowledgeable employee,” as defined in rule 3c-5(a)(4) under the Investment Company Act of 1940
(17 CFR 270.3c-5(a)(4)), of the issuer of the securities being offered or sold where the issuer would be an investment company, as defined
in section 3 of such act, but for the exclusion provided by either section 3(c)(1) or section 3(c)(7) of such act;

 

(12)
A “family office,” as defined in Rule 202(a)(11)(G)-1 under the Investment Advisers Act of 1940:

 

(i)
With assets under management in excess of $5,000,000;

 

(ii)
That is not formed for the specific purpose of acquiring the securities offered, and

 

(iii)
Whose prospective investment is directed by a person who has such knowledge and experience in financial and business matters that such
family office is capable of evaluating the merits and risks of the prospective investment; and

 

(13)
A “family client,” as defined in rule 202(a)(11)(G)-1 under the Investment Advisers Act of 1940, of a family office meeting
the requirements in paragraph (a)(12) of this section and whose prospective investment in the issuer is directed by such family office
pursuant to clause (iii) of paragraph (12) above.

 

    	 

     

    

 

EXHIBIT
C

Rule
902 U.S. Persons under Regulation S

 

Pursuant
to Rule 902(k)(1), the following are “U.S. persons”:

 

	 	●	any
    natural person resident in the United States;
	 	●	any
    partnership or corporation organized or incorporated under the laws of the United States;
	 	●	any
    estate of which any executor or administrator is a U.S. person;
	 	●	any
    trust of which any trustee is a U.S. person;
	 	●	any
    agency or branch of a U.S. person located outside the United States;
	 	●	any
    non-discretionary or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account
    of a U.S. person;
	 	●	any
    discretionary or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated or,
    if an individual, resident in the United States; and
	 	●	any
    partnership or corporation if (1) organized or incorporated under the laws of any foreign jurisdiction, and (2) formed by a U.S.
    person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized or
    incorporated and owned by accredited investors under Rule 501(a) of the Securities Act who are not natural persons, estates, or trusts.

 

Rule
902(k)(2) explicitly excludes the following from the definition of “U.S. person”:

 

	 	●	any
    discretionary or similar account (other than an estate or trust) held for the benefit or account of a non-U.S. person by a dealer
    or other professional fiduciary organized, incorporated or, if an individual, resident in the United States;
	 	●	any
    estate of which any professional fiduciary acting as executor or administrator is a U.S. person, if (1) an executor or administrator
    who is not a U.S. person has sole or shared investment discretion with respect to the assets of the estate, and (2) the estate is
    governed by foreign law;
	 	●	any
    trust of which any professional fiduciary acting as trustee is a U.S. person, if a trustee who is not a U.S. person has sole or shared
    investment discretion with respect to the trust assets, and no beneficiary of the trust (and no settler if the trust is revocable)
    is a U.S. person;
	 	●	an
    employee benefit plan established and administered in accordance with the laws, customary practices, and documentation of a country
    other than the United States;
	 	●	any
    agency or branch of a U.S. person located outside the United States if (1) the agency or branch operates for valid business reasons;
    and (2) the agency or branch is engaged in the business of insurance or banking, and is subject to substantive insurance or banking
    regulation in the jurisdiction where it is located; and
	 	●	such
    international organizations (and their agencies, affiliates and pension plans) as the International Monetary Fund, the International
    Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank, the African Development
    Bank, and the United Nations. In addition, contacts with certain of the non-U.S. persons listed above, even if made within the United
    States, are still not considered to be “directed selling efforts.”

 

    	 

     

    

 

EXHIBIT
D

 

ACCREDITED
INVESTOR QUESTIONNAIRE

 

Dear
Investor,

 

The
information contained in this questionnaire is being furnished to HARMONY ENERGY TECHNOLOGIES CORPORATION, a Delaware corporation (the
“Company”), in order that the Company may determine whether acquisition of the Company’s securities (the “Securities”)
may be made by you, as an investor, in light of the requirements of Regulation D promulgated under the Securities Act of 1933, as amended
(the “Securities Act”), and certain exemptions contained in state securities laws. You understand that the information
is needed for the Company to determine whether it has reasonable grounds to believe that you are an “accredited investor”
as that term is defined in Regulation D and that you have such knowledge and experience in financial, investment and business matters
and that you are capable of evaluating the merits and risks of the proposed investment in the Securities. You understand that (a) the
Company will rely on the information contained herein for purposes of such determination, (b) the Securities may not be registered under
the Securities Act, (c) the Securities may not be registered under the securities laws of any state, and (d) this questionnaire is not
an offer to acquire the Securities or any other securities in any case where such offer would not be legally permitted.

 

Information
contained in this questionnaire will be kept confidential by the Company and its agents, employees and representatives. You understand,
however, that the Company may have the need to present it to such parties as it deems advisable in order to establish the applicability
under any federal or state securities laws of an exemption from registration.

 

In
accordance with the foregoing, the following representations and information are hereby made and furnished by the investor:

 

Please
answer all questions. If the answer is “none” or “not applicable,” please so state.

 

INFORMATION
REQUIRED OF EACH PROSPECTIVE INVESTOR:

 

1.
A. If Investor is an Individual:

 

	Name:
    ____________________________________	Age:
    ____________________________________
	 	 
	Social
    Security Number: _______________________	Number
    of Dependents: _______________________
	 	 
	Marital
    Status: ______________________________	Citizenship:
    _________________________________

 

If
interests are to be jointly held:

 

	Name:______________________________________	Age:
    _____________________________________
	 	 
	Social
    Security Number: ________________________	Number
    of Dependents: _______________________
	 	 
	Marital
    Status: _______________________________	Citizenship:
    _________________________________

 

    	 

     

    

 

B.
If Investor is an Entity:

 

	Name:______________________________	 
	 	 	 
	State of Organization:________________	 
	 	 	 
	EIN:_______________________________	 
	 	 	 
	Date of Formation:__________________	 

 

2.
A. If Investor is an Individual:

 

	Residence Address: ________________________________________________________________________________
	 	 
	Mailing Address (if different): ________________________________________________________________________
	 	 
	Telephone Number: ____________________________
	 	 
	Fax Number: _________________________________
	 	 
	Email Address: _______________________________

 

B.
If Investor is an Entity:

 

	Business Address:  ________________________________________________________________________________
	 	 
	Mailing Address (if different):  ________________________________________________________________________
	 	 
	Telephone Number:  ____________________________
	 	 
	Fax Number:  _________________________________
	 	 
	Email
Address:  _______________________________

 

3.
A. If Investors is an Individual:

 

State
in which the investor:

 

	 	is
    licensed to drive:	 	 
	 	 	 	 
	 	is
    registered to vote:	 	 

 

B.
If Investor is an Entity:

 

State
in which the investor:

 

	 	files
    income tax returns:	 	 
	 	 	 	 
	 	has
    principal place of business:	 	 

 

    	 

     

    

 

4.
A. If Investor is an Individual:

 

Business
and Investment Background and Experience. The business and investment background and experience of the undersigned, or the business
and investment background and experience of those individuals responsible for making investment decisions on behalf of the undersigned,
if the undersigned is an entity, are as follows:

 

Name
and address of current employer: _________________________________________________________________

 

Nature
of employment: _____________________________________________________________________________

 

If
self-employed, nature of business: ___________________________________________________________________

 

Education
degree received: __________________________________________________________________________

 

Training
or experience in financial or business matters: yes ( ) no ( )

 

If
yes, please give details: ___________________________________________________________________________

 

_______________________________________________________________________________________________

 

_______________________________________________________________________________________________

 

Service
on board of directors of any company: yes ( ) no ( )

 

Service
as an elected officer of any company: yes ( ) no ( )

 

Other
positions held during the last five years relating to business or financial matters: yes ( ) no ( )

 

If
yes, please give details: ___________________________________________________________________________

 

_______________________________________________________________________________________________

 

_______________________________________________________________________________________________

 

	Professional
    licenses or registrations:	 	(
    )	 
	 	 	 	 
	Bar
    admission:	 	(
    )	 
	 	 	 	 
	Accounting
    certifications:	 	(
    )	 
	 	 	 	 
	Broker-dealer
    registration:	 	(
    )	 
	 	 	 	 
	Investment
    advisor registration:	 	(
    )	 
	 	 	 	 
	Securities
    analyst certification:	 	(
    )	 
	 	 	 	 
	Other:
    __________________________ 	 	(
    )	 

 

    	 

     

    

 

B.
If Investor is an Entity:

 

Provide
the total assets of the entity as of a recent date:*

 

	Assets:
    	$	 	 	Date:	 	 

 

*
In the event the entity has less than $5,000,000 in assets, each shareholder, partner, member, or beneficiary (in the case of a trust),
as applicable, must be an accredited investor and complete this questionnaire.

 

5.
If Investor is an Individual:

 

Please
initial on the line applicable to you under “Individual” and to you and your spouse under “Joint”:

 

(a)
Gross Income During Last Two Years

 

	 	Individual	 	 	 
	 	 	 	 	 	 
	 	2021	 	2020	 	 
	 	 	 	 	 	 
	 	 	 	 	 	Less
    than $200,0000
	 	 	 	 	 	 
	 	 	 	 	 	$200,000
    - $299,0000
	 	 	 	 	 	 
	 	 	 	 	 	$300,000
    - $1,000,000
	 	 	 	 	 	 
	 	 	 	 	 	more
    than $1,000,000

 

	 	Joint
    (with spouse)	 	 
	 	 	 	 	 	 
	 	2021	 	2020	 	 
	 	 	 	 	 	 
	 	 	 	 	 	Less
    than $200,0000
	 	 	 	 	 	 
	 	 	 	 	 	$200,000
    - $299,0000
	 	 	 	 	 	 
	 	 	 	 	 	$300,000
    - $1,000,000
	 	 	 	 	 	 
	 	 	 	 	 	more
    than $1,000,000

 

(b)
Current “Net Worth” (Exclusive of Primary Residence)1:

 

	 	 	 	Less
    than $1,000,0000
	 	 	 	 
	 	 	 	$1,000,000
    - $5,000,000
	 	 	 	 
	 	 	 	$300,000
    - $1,000,000
	 	 	 	 
	 	 	 	more
    than $5,000,000

 

 

1
“Net Worth” means the excess of total assets at fair market value, including cash, stock, securities, personal
property and real estate (other than your primary residence), over total liabilities (other than a mortgage or other debt
secured by your primary residence). In the event that the amount of any mortgage or other indebtedness secured by your primary residence
exceeds the fair market value of the residence, that excess liability must also be deducted from your net worth. Any mortgage or indebtedness
secured by your primary residence incurred within 60 days before the time of the sale of the securities offered hereunder, other than
as a result of the acquisition of the primary residence, shall also be deducted from your net worth.

 

    	 

     

    

 

	6.	Is
    the investor involved in any litigation, which, if an adverse decision occurred, would materially affect the investor’s financial
    condition?
	 	 
	 	Yes
    _______ No _______
	 	 
	 	If
    yes, please provide details: ______________________________________________________________________
	 	_____________________________________________________________________________________________
	 	 
	7.	The
    investor is an experienced and sophisticated investor or is advised by a qualified investment advisor, all as required under the
    securities laws and regulations.
	 	 
	 	Yes
    _______ No _______
	 	 
	8.	The
    investor understands the full nature and risk of an investment in the Securities and can afford the complete loss of the entire investment
    in the Securities.
	 	 

                                                                                 

	 	Yes
    _______ No _______
	 	 
	9.	The
    investor is able to bear the economic risk of an investment in the Securities for an indefinite period of time and understands that
    an investment in the Securities may be illiquid.
	 	 
	 	Yes
    _______ No _______
	 	 
	10.	Does
    the investor have any other investments or contingent liabilities that the investor reasonably anticipates could cause the need for
    sudden cash requirements in excess of cash readily available to the investor?
	 	 
	 	Yes
    _______ No _______
	 	 
	 	If
    yes, please provide details: ______________________________________________________________________
	 	_____________________________________________________________________________________________
	 	 
	11.	Please
    describe the investor’s experience as an investor (including amounts invested) in
    securities, particularly investments in non-marketable and tax incentive securities.
	 	 
	 	_____________________________________________________________________________________________
	 	_____________________________________________________________________________________________

 

    	 

     

    

 

	12.	Has
    the investor participated in other private placements of securities?
	 	 
	 	Yes_______
    No ______
	 	 
	 	If
    yes, please provide details: _____________________________________________________________________
	 	____________________________________________________________________________________________
	 	 
	13.	In
    evaluating the merits and risks of this investment, does the investor intend to rely upon the advice of the investor’s attorney,
    accountant or other advisor?
	 	 
	 	Yes_______
    No ______
	 	 
	14.	If
    the investor is an entity, was it formed for the specific purpose of acquiring the Securities offered?
	 	 
	 	Yes_______
    No ______
	 	 
	15.	Manner
    in which title to Securities is to be held: (circle one)

 

	 	(a)	Individual
    Ownership
	 	 	 
	 	(b)	Community
    Property
	 	 	 
	 	(c)	Joint
    Tenant with Right of Survivorship (both parties must sign)
	 	 	 
	 	(d)	Partnership
	 	 	 
	 	(e)	Tenants
    in Common
	 	 	 
	 	(f)	Company
	 	 	 
	 	(g)	Trust
	 	 	 
	 	(h)	Other:
    

 

16.
Further Representations.

 

The
investor understands that the Company will be relying on the accuracy and completeness of the investor’s responses to the foregoing
questions and the investor represents and warrants to the Company as follows:

 

(i)
The answers to the above questions are complete and correct and may be relied upon by the Company whether or not the offering in which
the investor proposes to participate is exempt from registration under the Securities Act and the securities laws of certain states;

 

(ii)
The investor will notify the Company immediately of any material change in any statement made herein occurring prior to the closing of
any purchase by the investor of the Securities; and

 

    	 

     

    

 

(iii)
The investor or its management, in case of an entity, has sufficient knowledge and experience in financial, investment and business matters
to evaluate the merits and risks of the prospective investment; and the investor is able to bear the economic risk of the investment
in the Securities and currently could afford a complete loss of such investment.

 

HARMONY
ENERGY TECHNOLOGIES CORPORATION

 

ACCREDITED
INVESTOR QUESTIONNAIRE SIGNATURE PAGE

 

IN
WITNESS WHEREOF, the undersigned has executed this Accredited Investor Questionnaire as of the date set forth below and declares under
oath that it is truthful and correct to the best of the undersigned’s knowledge.

 

Signature
of the Investor or Authorized Signatory of Investor: _______________________________________________

 

Name
of Investor: _________________________________________________________________________________

 

Name
of Authorized Signatory: _______________________________________________________________________

 

Title
of Authorized Signatory: ________________________________________________________________________

 

Date:
______________________________

 

If
jointly held:

 

Signature
of the Investor or Authorized Signatory of Investor: ______________________________________________

 

Name
of Investor: ________________________________________________________________________________

 

Name
of Authorized Signatory: ______________________________________________________________________

 

Title
of Authorized Signatory: _______________________________________________________________________

 

Date:
______________________________

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