Document:

Exhibit 4.32

 

EHAVE, INC.

 

SUBSCRIPTION AGREEMENT FOR UNITS

 

		TO:	EHAVE, INC. (THE
                                         “CORPORATION”)

 

The undersigned hereby irrevocably subscribes
for and agrees to purchase from the Corporation that number of units of the Corporation (the “Units”) set out
below at a price of $1,000 per Unit (the “Subscription Price”). Each Unit consists of one (1) Convertible Debenture
(as defined herein) and such number of Warrants (as defined herein) as is equal to $1,000 divided by the Conversion Price (as defined
herein). The Subscriber agrees to be bound by the terms and conditions set forth in the attached “Terms and Conditions of
Subscription for Units” including without limitation the terms, representations, warranties, covenants, certifications and
acknowledgements set forth in the applicable Schedules attached thereto. The Subscriber further agrees, without limitation, that
the Corporation may rely upon the Subscriber’s representations, warranties, covenants, certifications and acknowledgments
contained in such documents.

 

SUBSCRIPTION AND SUBSCRIBER INFORMATION

 

Please print all information (other than
signatures), as applicable, in the space provided below 

 

	Subscriber
    Information and Signature	 	 
	

                                                                                _______________________________________________________

                                         (Name of Subscriber)
	 

         

         

         
	Number of  Units:    _____________________________x
    $1,000
	 	 	=
	Account Reference (if applicable):  ___________________________	 	 
	By:  ____________________________________________________

            Authorized Signature	 	Aggregate Subscription Price:_____________________________

         (the
“Subscription Amount”)

	 	 	 
	

        ______________________________________________________

        (Official
Capacity or Title – if the Subscriber is not an individual)

         

        _______________________________________________________ 

        (Name
        of individual whose signature appears above if different than the name of the Subscriber printed above.)

         

         ______________________________________________________ 

        (Subscriber’s
        Residential Address, including Municipality and Province)

         

         ______________________________________________________ 

         

         ______________________________________________________ 

        (Subscriber’s
        Telephone Number)                            (Email Address)

         
	 

         

         

         
	State
        whether Subscriber is an Insider* of the Corporation:

                                                                                                                     Yes  ̈          No  ̈

         

        State
        whether Subscriber is a Registrant*:

        Yes  ̈          No  ̈

         

        (*see
Article I, section 1.1. – Definitions)

 

    	 

    	 

    

 

The Subscriber hereby provides the Corporation
the following instructions in connection with the settlement of the Convertible Debentures and Warrants comprising the Units being
purchased hereunder and hereby directs the Corporation to issue and register (and deliver any definitive certificates, if applicable)
the Convertible Debentures and Warrants comprising the Units as follows.

 

	 	Account Registration Information:	 	 	 	Delivery Instructions:	 
	 	 	 	 	 	 	 
	 	(Name)	 	 	 	(Name)	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	(Account Reference, if applicable)	 	 	 	(Account Reference, if applicable)	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	(Address, including Postal Code)	 	 	 	(Address, including Postal Code)	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	(Telephone Number)                      (Fax Number)	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	(Contact Name)	 
	 	 	 	 	 	 	 

 

 

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TERMS AND CONDITIONS OF SUBSCRIPTION
FOR UNITS

 

ARTICLE
1 - INTERPRETATION

 

		1.1	Definitions

 

Whenever used in this
Subscription Agreement, unless there is something in the subject matter or context inconsistent therewith, the following words
and phrases shall have the respective meanings ascribed to them as follows:

 

“Business Day” means
a day other than a Saturday, Sunday or any other day on which the principal chartered banks located in Toronto, Ontario are not
open for business.

 

“Closing” has the meaning
ascribed to such term in Section 4.1.

 

“Closing Date” has the
meaning ascribed to such term in Section 4.1.

 

“Closing Time” has the
meaning ascribed to such term in Section 4.1.

 

“Common Shares” means
the shares of common stock in the capital of the Corporation.

 

“Conversion Price” shall
mean the Qualified Financing Price multiplied by 0.75.

 

“Convertible Debentures”
has the meaning ascribed to such term in the Term Sheet.

 

“Corporation” means
Ehave, Inc. and includes any successor corporation to or of the Corporation.

 

“Debenture Certificate”
means the certificate to be delivered by the Corporation to the Subscriber evidencing the Debentures.

 

“including” means without
limitation.

 

“Insider” means (a)
a director or senior officer of the Corporation (or a subsidiary of the Corporation), (b) any Person who beneficially owns, directly
or indirectly, voting securities of the Corporation or who exercises control or direction over voting securities of the Corporation
or a combination of both carrying more than 10% of the voting rights attached to all voting securities of the Corporation for the
time being outstanding, or (c) a director or senior officer of an Insider of the Corporation.

 

“knowledge of the Corporation”
(or similar phrases) means, as it pertains to the Corporation, the actual knowledge of the executive officers of the Corporation
in office as at the date of this Subscription Agreement, together with the knowledge which they would have had if they had conducted
a reasonable inquiry into the relevant subject matter;

 

“NI 45-106” means National
Instrument 45-106 – Prospectus Exemptions of the Canadian Securities Administrators.

 

“Offering” means the
offering to the Subscriber of up to approximately 1,500 Units to be issued and sold by the Corporation pursuant to this Subscription
Agreement.

 

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“Person” includes any
individual (whether acting as an executor, trustee administrator, legal representative or otherwise), corporation, firm, partnership,
sole proprietorship, syndicate, joint venture, trustee, trust, unincorporated organization or association, and pronouns have a
similar extended meaning.

 

“Qualified Financing”
shall mean the completion of a financing by the Corporation after the date hereof for aggregate gross proceeds of not less than
CDN$2,000,000; provided that such financing shall be completed in connection with the proposed listing of the Common Shares on
a recognized stock exchange in Canada within two (2) months of the completion of such financing;

 

“Qualified Financing Price”
shall mean the price per security issued by the Corporation in the Qualified Financing

 

“Registrant” means a
dealer, adviser, investment fund manager, an ultimate designated person or chief compliance officer as those terms are used pursuant
to Securities Laws, or a person registered or otherwise required to be registered under the Securities Laws.

 

“Securities Laws” means,
as applicable, the securities laws, regulations, rules, rulings and orders in each of the provinces of Canada, the applicable policy
statements, notices, blanket rulings, orders and all other regulatory instruments of the securities regulators in each of the provinces
of Canada.

 

“Subscriber” means the
subscriber for the Units as set out on page 1 of this Subscription Agreement.

 

“Subscription Agreement”
means this subscription agreement (including any Schedules hereto) and any instrument amending this Subscription Agreement; “hereof”,
“hereto”, “hereunder”, “herein” and similar expressions mean and refer
to this Subscription Agreement and not to a particular Article or Section; and the expression “Article” or “Section”
followed by a number means and refers to the specified Article or Section of this Subscription Agreement.

 

“Subscription Amount”
has the meaning ascribed to such term on page 1 of this Subscription Agreement.

 

“Subscription Price”
has the meaning ascribed to such term on page 1 of this Subscription Agreement.

 

“Term Sheet” means the
term sheet delivered to potential purchasers of Units, a copy of which is attached hereto as Schedule “A”.

 

“Underlying Shares”
means the Common Shares issuable on conversion of the Convertible Debentures, as more particularly set out in the Term Sheet.

 

“United States” means
the United States of America, its territories and possessions, any State of the United States and the District of Columbia.

 

“Units” has the meaning
ascribed to such term on page 1 of this Subscription Agreement.

 

“U.S. Securities Act”
means the United States Securities Act of 1933, as amended.

 

“Warrant Certificate”
means the certificate to be delivered by the Corporation to the Subscriber evidencing the Warrants.

 

“Warrants” has the meaning
ascribed to such term in the Term Sheet.

 

“Warrant Shares” means
the Common Shares issuable upon the exercise of the Warrants, as more particularly set out in the Term Sheet.

 

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		1.2	Gender and Number

 

Words importing the singular
number only shall include the plural and vice versa, words importing the masculine gender shall include the feminine gender and
words importing persons shall include firms and corporations and vice versa.

 

		1.3	Currency

 

Unless otherwise specified,
all dollar amounts in this Subscription Agreement and the Schedules, including the symbol “$”, are expressed in Canadian
dollars.

 

		1.4	Subdivisions and Headings

 

The division of this
Subscription Agreement into Articles, Sections, Schedules and other subdivisions and the inclusion of headings are for convenience
of reference only and shall not affect the construction or interpretation of this Subscription Agreement. The headings in this
Subscription Agreement are not intended to be full or precise descriptions of the text to which they refer. Unless something in
the subject matter or context is inconsistent therewith, references herein to an Article, Section, Subsection, paragraph, clause
or Schedule are to the applicable article, section, subsection, paragraph, clause or schedule of this Subscription Agreement.

 

ARTICLE
2 - SCHEDULES

 

		2.1	Description of Schedules

 

The following are the
Schedules attached to and incorporated in this Subscription Agreement by reference and deemed to be a part hereof:

 

	Schedule “A”	-	Term Sheet	 
	Schedule “B”	-	Accredited Investor Certificate	 
	Schedule “C”	-	Contact Information for Canadian Securities Commissions	 

 

ARTICLE
3 - SUBSCRIPTION AND DESCRIPTION OF UNITS

 

		3.1	Subscription for the Units

 

The Subscriber hereby
confirms its irrevocable subscription for and offer to purchase from the Corporation that number of Units indicated on page 2 of
this Subscription Agreement, on and subject to the terms and conditions set out in this Subscription Agreement, for the Subscription
Amount which is payable as described in Article 4 hereto.

 

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		3.2	Description of the Units

 

Each Unit consists of
one (1) Convertible Debenture and such number of Warrants (as defined herein) as is equal to $1,000 divided by the Conversion Price.
A summary of certain terms of the Convertible Debentures and the Warrants are set forth in the Term Sheet; however, reference should
be made to the Debenture Certificates and Warrant Certificates for the definitive terms of the Convertible Debentures and the Warrants.
In the event of a conflict or inconsistency between the Term Sheet and the Debenture Certificates or Warrant Certificates, the
Debenture Certificates and Warrant Certificates shall be paramount and shall govern.

 

		3.3	Acceptance and Rejection of Subscription by the Corporation

 

The Subscriber acknowledges
and agrees that the Corporation reserves the right, in its absolute discretion, to reject this subscription for Units, in whole
or in part, at any time prior to the Closing Time. If this subscription is rejected in whole, any payment delivered by the Subscriber
representing the Subscription Amount pursuant to this Agreement, will be promptly returned to the Subscriber without interest or
deduction. If this subscription is accepted only in part, a cheque representing any refund of the Subscription Amount for that
portion of the subscription for the Units which is not accepted will be promptly returned to the Subscriber without interest or
deduction.

 

ARTICLE
4 - CLOSING

 

		4.1	Closing

 

Delivery and sale of
the Units and payment of the aggregate Subscription Amount will be completed (the “Closing”) at such time (the
“Closing Time”), date (the “Closing Date”) and place as the Corporation may determine. Provided
that on or prior to the Closing Time, the terms and conditions contained in this Subscription Agreement have been complied with
to the satisfaction of the Corporation, or waived by the Corporation, the Subscriber shall deliver a completed Subscription Agreement
and payment of the aggregate Subscription Amount for all of the Units sold hereunder to the Corporation, against delivery by the
Corporation of the Debenture Certificates and the Warrant Certificates (or such other evidence of issue of the Units as the Subscriber
and the Corporation may agree) and such other documentation as may be required pursuant to this Subscription Agreement.

 

If, prior to the Closing
Time, the terms and conditions contained in this Subscription Agreement (other than the delivery by the Corporation of the Debenture
Certificates and the Warrant Certificates or the delivery by the Corporation of such other evidence of issue of the Convertible
Debentures and Warrants comprising the Units as the Subscriber and the Corporation may agree) have not been complied with to the
satisfaction of the Corporation, or waived by it, the Corporation and the Subscriber will have no further obligations under this
Subscription Agreement.

 

		4.2	Conditions of Closing

 

The Subscriber acknowledges
and agrees that the Corporation is relying on the truth of the representations and warranties of the Subscriber contained in this
Subscription Agreement as of the date of this Subscription Agreement, and as of the Closing Time as if made at and as of the Closing
Time, and the fulfillment of the following additional conditions prior to the Closing Time:

 

		(a)	on or before the Closing Date the Subscriber having made payment arrangements for the Subscription
Amount in a manner acceptable to the Corporation;

 

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		(b)	on or before the Closing Date, the Subscriber having delivered a properly completed and signed
Subscription Agreement to the Corporation;

 

		(c)	the Subscriber having executed and returned to the Corporation, at the Corporation’s request,
all other documents as may be required by the securities laws for delivery by the Corporation on behalf of the Subscriber;

 

		(d)	the Corporation having obtained all necessary approvals and consents in respect of the Offering;

 

		(e)	the Corporation having accepted the Subscriber’s subscription, in whole or in part; and

 

		(f)	the issue and sale of the Convertible Debentures and Warrants comprising the Units being exempt
from the requirement to file a prospectus and the requirement to deliver an offering memorandum under applicable securities legislation,
or the Corporation having received such orders, consents or approvals as may be required to permit such sale without the requirement
to file a prospectus or deliver an offering memorandum.

 

ARTICLE
5 – REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE CORPORATION

 

		5.1	Representations, Warranties and Covenants of the Corporation

 

The Corporation represents
and warrants to the Subscriber and acknowledges that:

 

		(a)	the Corporation is a corporation duly incorporated duly organized, continued or amalgamated and
validly existing under the laws of the jurisdiction in which it was incorporated, organized, continued or amalgamated, as the case
may be;

 

		(b)	the Corporation has all requisite corporate power, authority and capacity to enter into this Subscription
Agreement and to perform the transactions contemplated herein and carry on its business and, to the knowledge of the Corporation,
no steps or proceedings have been taken by any person, voluntary or otherwise, requiring or authorizing its dissolution or winding-up;

 

		(c)	the Corporation is not in default of any material requirement of applicable Securities Laws;

 

		(d)	no order, ruling or determination having the effect of suspending the sale or ceasing the trading
in any securities of the Corporation has been issued by any regulatory authority and is continuing in effect and no proceedings
for that purpose have been instituted or, to the knowledge of the Corporation, are pending, contemplated or threatened by any regulatory
authority;

 

		(e)	at the Closing Time, the Convertible Debentures and the Warrants will be duly and validly issued
and created; and

 

		(f)	the issuance of the Convertible Debentures and Warrants have been authorized and the Underlying
Shares and Warrant Shares have been duly reserved and allotted for issuance.

 

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ARTICLE
6- ACKNOWLEDGEMENTS, REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE SUBSCRIBER

 

		6.1	Acknowledgements, Representations, Warranties and Covenants of the Subscriber

 

The Subscriber hereby
acknowledges, represents and warrants to, and covenants with, the Corporation as follows and acknowledges that the Corporation
is relying on such acknowledgements, representations, warranties and covenants in connection with the transactions contemplated
herein:

 

		(a)	the Subscriber confirms that it:

 

		(i)	has such knowledge in financial and business affairs as to be capable of evaluating the merits
and risks of its investment in the Units, including the potential loss of its entire investment;

 

		(ii)	is aware of the characteristics of the Convertible Debentures and Warrants comprising the Units
and understands the risks relating to an investment therein; and

 

		(iii)	is able to bear the economic risk of loss of its investment in the Units;

 

		(b)	the Subscriber is a resident, or if not an individual, the Subscriber has its head office, in the
jurisdiction set out on page 1 of this Subscription Agreement and intends that the securities laws of that jurisdiction govern
the Subscriber’s subscription. Such address was not created and is not used solely for the purpose of acquiring the Units;

 

		(c)	the Subscriber is aware that the Convertible Debentures and Warrants comprising the Units (and
the Underlying Shares and Warrant Shares) have not been and will not be registered under the U.S. Securities Act or the securities
laws of any state and that the Convertible Debentures and Warrants comprising the Units (and the Underlying Shares and Warrant
Shares) may not be offered or sold, directly or indirectly, in the United States without registration under the U.S. Securities
Act and applicable state securities laws or compliance with the requirements of an exemption from registration therefrom and it
acknowledges that the Corporation has no present intention of filing a registration statement under the U.S. Securities Act or
applicable state securities laws in respect of such securities;

 

		(d)	the Units have not been offered to the Subscriber in the United States, and the individuals making
the order to purchase the Units and executing and delivering this Subscription Agreement on behalf of the Subscriber were not in
the United States when the order was placed and this Subscription Agreement was executed and delivered;

 

		(e)	the Subscriber undertakes and agrees that it will not offer or sell any of the Convertible Debentures
or Warrants comprising the Units (and the Underlying Shares and Warrant Shares) in the United States unless such securities are
registered under the U.S. Securities Act and the securities laws of all applicable states of the United States, or an exemption
from such registration requirement is available;

 

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		(f)	the execution and delivery of this Subscription Agreement, the performance and compliance with
the terms hereof, the subscription for the Units (and any subsequent conversion of the Convertible Debentures or exercise of the
Warrants) and the completion of the transactions described herein by the Subscriber will not result in any material breach of,
or be in conflict with or constitute a material default under, or create a state of facts which, after notice or lapse of time,
or both, would constitute a material default under any term or provision of the constating documents, by-laws or resolutions of
the Subscriber, if applicable, the Securities Laws or any other laws applicable to the Subscriber, any agreement to which the Subscriber
is a party, or any judgment, decree, order, statute, rule or regulation applicable to the Subscriber;

 

		(g)	the Subscriber is subscribing for the Units as principal for its own account and not for the benefit
of any other Person (within the meaning of applicable Securities Laws);

 

		(h)	the Subscriber is either:

 

		(i)	relying on the “accredited investor” exemption under NI 45-106, and shall complete,
sign and deliver to the Corporation (1) Schedule “B” (the “Accredited Investor Status Certificate”); and
(2) Exhibit “I” to Schedule “B” if subscribing under categories (j), (k) or (l) of the Accredited Investor
Status Certificate; or

 

		(ii)	relying on the “minimum amount investment” exemption under NI 45-106, and shall indicate
by initialing immediately below that the Subscriber is (1) not an individual; (2) is purchasing the Units as principal; and (3)
the Subscription amount is not less than $150,000

 

	
        
	 	(initial if relying on the “minimum amount investment 
	 	 	exemption under NI 45-106);

 

		(i)	if the Subscriber is an “accredited investor” within the meaning of NI 45-106, the
Subscriber has properly completed, executed and delivered to the Corporation this Subscription Agreement and Schedule “B”
(the Accredited Investor Status Certificate), as applicable and the acknowledgements, representations, warranties, covenants and
information contained herein and therein are true and correct as of the date hereof and will be true and correct as of the Closing
Time and if less than a complete copy of this Subscription Agreement is delivered to the Corporation, the Corporation and its are
entitled to assume that the Subscriber accepts and agrees to all the terms and conditions of the pages not delivered, unaltered;

 

		(j)	if the Subscriber is not an individual, this Subscription Agreement has been duly authorized, executed
and delivered by, and constitutes a legal, valid and binding agreement of the Subscriber and is enforceable in accordance with
its terms against the Subscriber;

 

		(k)	if the Subscriber is a corporation, the Subscriber is duly incorporated and is validly subsisting
under the laws of its jurisdiction of incorporation and has all requisite legal and corporate power and authority to execute and
deliver this Subscription Agreement, to subscribe for the Units as contemplated herein and to carry out and perform its covenants
and obligations under the terms of this Subscription Agreement and has obtained all necessary approvals in respect thereof, and
the individual signing this Subscription Agreement has been duly authorized to execute and deliver this Subscription Agreement;

 

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		(l)	there is no Person acting or purporting to act in connection with the transactions contemplated
herein who is entitled to any brokerage or finder’s fee;

 

		(m)	if required by applicable Securities Laws, the Subscriber will execute, deliver and file or assist
the Corporation in filing such reports, undertakings and other documents with respect to the issue of the Convertible Debentures
and Warrants comprising the Units as may be required by any securities commission, stock exchange or other regulatory authority;

 

		(n)	the Subscriber has been advised to consult its own legal advisors with respect to the execution,
delivery and performance by it of this Subscription Agreement and the transactions contemplated herein, including trading in the
Convertible Debentures, Warrants, Underlying Shares and Warrant Shares, and with respect to the hold periods imposed by the Securities
Laws and acknowledges that no representation has been made by the Corporation respecting the applicable hold periods imposed by
the Securities Laws or other resale restrictions applicable to such securities which restrict the ability of the Subscriber (or
others for whom it is contracting hereunder) to resell such securities, that the Subscriber (or others for whom it is contracting
hereunder) is solely responsible to find out what these restrictions are, that the Subscriber is solely responsible (and the Corporation
is in no way responsible) for compliance with applicable resale restrictions and that the Subscriber (or others for whom it is
contracting hereunder) is aware that it may not resell such securities except in accordance with limited exemptions under the Securities
Laws and other applicable securities laws;

 

		(o)	the Subscriber has not received or been provided with a prospectus, offering memorandum (within
the meaning of the Securities Laws) or any sales or advertising literature in connection with the Offering or any document purporting
to describe the business and affairs of the Corporation which has been prepared for review by prospective purchasers to assist
in making an investment decision in respect of the Units and the Subscriber’s decision to subscribe for the Units was not
based upon, and the Subscriber has not relied upon, any oral or written representations as to facts made by or on behalf of the
Corporation, or any employee, agent or affiliate thereof or any other person associated therewith, except as set forth herein.
The Subscriber’s decision to subscribe for the Units was based solely upon this Subscription Agreement (including the Term
Sheet) and any information about the Corporation which is publicly available (any such information having been obtained by the
Subscriber);

 

		(p)	the Corporation has not, nor have any of its directors, employees, officers, affiliates or agents
made any written or oral representations:

 

		(i)	that any Person will resell or repurchase the Convertible Debentures or Warrants comprising the
Units (or the Underlying Shares or Warrant Shares);

 

		(ii)	that any Person will refund all or any part of the Subscription Amount; or

 

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		(iii)	as to the future price or value of the Convertible Debentures or Warrants or the Underlying Shares
or Warrant Shares;

 

		(q)	the subscription for the Units has not been made through or as a result of, and the distribution
of the Units is not being accompanied by any advertisement, including without limitation in printed public media, radio, television
or telecommunications, including electronic display, or as part of a general solicitation; and

 

		(r)	the funds representing the Subscription Amount which will be advanced by the Subscriber to the
Corporation hereunder will not represent proceeds of crime for the purposes of the Proceeds of Crime (Money Laundering) and
Terrorist Financing Act (Canada) (the “PCMLTFA”), the United
Kingdom’s Proceeds of Crime Act 2002 (the “POCA”) or the Uniting and Strengthening America by
Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (the “PATRIOT Act”),
and the Subscriber acknowledges that the Corporation may in the future be required by law to disclose the Subscriber’s name
and other information relating to this Subscription Agreement and the Subscriber’s subscription hereunder, on a confidential
basis, pursuant to the PCMLTFA, POCA or the PATRIOT Act. To the best of its knowledge (a) none of the subscription funds to be
provided by the Subscriber (i) have been or will be derived from or related to any activity that is deemed criminal under the laws
of Canada, the United States, or any other jurisdiction, or (ii) are being tendered on behalf of a Person or entity who has not
been identified to the Subscriber, and (b) the Subscriber shall promptly notify the Corporation if the Subscriber discovers that
any of such representations ceases to be true, and to provide the Corporation with appropriate information in connection therewith.

 

		6.2	Acknowledgments and Covenants of the Subscriber

 

The Subscriber acknowledges,
covenants and agrees as follows:

 

		(a)	it (i) has received and reviewed a copy of the Term Sheet setting out the principal terms of the
Offering; and (ii) has had the opportunity to ask and have answered any and all questions which the Subscriber wished to have answered
with respect to the subscription for the Units made hereunder;

 

		(b)	the offer of the Units does not constitute a recommendation to purchase the Units or financial
product advice and the Subscriber acknowledges that the Corporation has not had regard to the Subscriber’s particular objectives,
financial situation or needs;

 

		(c)	there are risks associated with the purchase of the Units and no securities commission, agency,
governmental authority, regulatory body, stock exchange or similar regulatory authority has reviewed or passed on the merits of
the Convertible Debentures and Warrants comprising the Units nor have any such agencies or authorities made any recommendations
or endorsement with respect to the foregoing;

 

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		(d)	the Corporation is not now a “reporting issuer” under the Securities Laws of any province
or territory of Canada, the Corporation and there is no guarantee that it will become a reporting issuer in the future. The Subscriber
further acknowledges that as a result of the Corporation not being a reporting issuer the Convertible Debentures and the Warrants
(and the Underlying Shares and Warrant Shares) will be subject to an indefinite “restricted period” under applicable
Securities Laws of four (4) months and a one (1) day from the later of the applicable Closing Date and the date the Corporation
becomes a reporting issuer under the Securities Laws of any province or territory of Canada, unless a prospectus is filed in accordance
with applicable Securities Laws qualifying their distribution. The Subscriber further acknowledges that during such indefinite
“restricted period”, the Subscriber may not trade the Convertible Debentures or the Warrants (and the Underlying Shares
and Warrant Shares) under applicable Securities Laws without filing a prospectus in accordance with such laws or being able to
rely on one of the limited exemptions under Canadian Securities Laws;

 

		(e)	the Convertible Debentures and the Warrants (and the Underlying Shares and Warrant Shares) will
be subject to statutory resale restrictions under the Securities Laws of Canada and under other applicable Securities Laws, and
the Subscriber covenants that it will not resell the Convertible Debentures, Warrants, Underlying Shares or Warrant Shares except
in compliance with such laws and the Subscriber acknowledges that it is solely responsible (and the Corporation is in no way responsible)
for such compliance;

 

		(f)	the Convertible Debentures and the Warrants (and the Underlying Shares and the Warrant Shares)
may only be transferred or assigned by the Subscriber in compliance with applicable laws, including applicable Securities Laws;

 

		(g)	the Debenture Certificates and Warrant Certificates shall have attached to them an ownership statement
setting out resale restrictions under applicable Securities Laws substantially in the following form (and with the necessary information
inserted):

 

“Unless
permitted under securities legislation, the holder of this security must not trade the security before the date which is four months
and a day after the later of (i) [applicable Closing Date will be inserted], and (ii) the date the issuer became a reporting issuer
in any province or territory.”;

 

		(h)	there is no market for the Convertible Debentures and Warrants comprising the Units (and the Underlying
Shares and the Warrant Shares) and there is no assurance that a market will ever develop;

 

		(i)	the Corporation is relying on an exemption from the requirement to provide the Subscriber with
a prospectus under the Securities Laws and, as a consequence of acquiring the Convertible Debentures and Warrants comprising the
Units pursuant to such exemption:

 

		(i)	certain protections, rights and remedies provided by the Securities Laws, including statutory rights
of rescission, or damages and certain statutory remedies against an issuer, underwriters, auditors, directors and officers that
are available to investors who acquire securities offered by a prospectus, will not be available to the Subscriber;

 

		(ii)	the common law may not provide investors with an adequate remedy in the event that they suffer
investment losses in connection with securities acquired in a private placement;

 

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		(iii)	the Subscriber may not receive information that would otherwise be required to be given under the
Securities Laws; and

 

		(iv)	the Corporation is relieved from certain obligations that would otherwise apply under the Securities
Laws;

 

		(j)	the offer, issuance, sale and delivery of the Convertible
Debentures and Warrants comprising the Units is conditional upon such sale being exempt from the prospectus filing or registration
requirements and the requirement to deliver an offering memorandum in connection with the distribution of the Convertible Debentures
and Warrants comprising the Units under the Securities Laws of Canada or upon the issuance of such orders, consents or approvals
as may be required to permit such sale without the requirement of filing a prospectus;

 

		(k)	the Corporation may complete additional financings
in the future in order to develop the business of the Corporation and fund its ongoing development, and such future financings
may (i) have a dilutive effect on current shareholders or securityholders of the Corporation, including the Subscriber; or (ii)
offer securities senior to the Convertible Debentures. However there is no assurance that any future financings will
be available, on reasonable terms or at all, and if not so available, could have a material adverse effect on the Corporation’s
business, financial condition, performance or prospects;

 

		(l)	the Subscriber is responsible for obtaining such legal and tax advice as it considers appropriate
in connection with the execution, delivery and performance of this Subscription Agreement and the transactions contemplated under
this Subscription Agreement;

 

		(m)	this offer to subscribe is made for valuable consideration and may not be withdrawn, cancelled,
terminated or revoked by the Subscriber without the consent of the Corporation;

 

		(n)	there is no government or other insurance covering the Convertible Debentures, Warrants, Underlying
Shares or Warrant Shares;

 

		(o)	legal counsel retained by the Corporation is acting as counsel to the Corporation and not as counsel
to the Subscriber;

 

		(p)	the Subscriber acknowledges that this Subscription Agreement requires the Subscriber to provide
certain personal information to the Corporation. Such information is being collected by the Corporation for the purposes of completing
the transaction contemplated herein, which includes, without limitation, determining the Subscriber’s eligibility to purchase
the Units under the Securities Laws and other applicable securities laws. The Subscriber’s personal information may be disclosed
by the Corporation to: (i) stock exchanges or securities regulatory authorities; (ii) the Canada Revenue Agency or other taxing
authorities; and (iii) employees, advisors, consultants and agents of the Corporation. 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.
The Subscriber also consents to the filing of copies or originals of any of the Subscriber’s documents described herein as
may be required to be filed with any stock exchange or securities regulatory authority in connection with the transactions contemplated
hereby;

 

    	13

    	 

    

 

		(q)	the information provided by the Subscriber on pages 1 and 2 of this Subscription Agreement identifying
among other things, the name, address, telephone number and email address of the Subscriber, the number of Units being purchased
hereunder, the Subscription Amount, the applicable Closing Date and the exemption that the Subscriber is relying on in purchasing
the Units will be disclosed to the Canadian securities regulatory authorities, and such information is being indirectly collected
by the Canadian securities regulatory authorities under the authority granted to it under Canadian securities legislation. This
information is being collected for the purposes of the administration and enforcement of Canadian securities legislation. The Subscriber
hereby authorizes the indirect collection of such information by the Canadian securities regulatory authorities. In the event the
Subscriber has any questions with respect to the indirect collection of such information, the Subscriber should contact the applicable
securities regulatory authority at the contact details provided in Schedule “C”.

 

		6.3	Reliance on Representations, Warranties, Covenants and Acknowledgements

 

The Subscriber acknowledges
and agrees that the representations, warranties, covenants and acknowledgements made by the Subscriber in this Subscription Agreement
are made with the intention that they may be relied upon by the Corporation and its legal counsel in determining the Subscriber’s
to purchase the Units. The Subscriber further agrees that by accepting the Units, the Subscriber shall be representing and warranting
that such representations, warranties, covenants and acknowledgements are true as at the Closing Time with the same force and effect
as if they had been made by the Subscriber at the Closing Time.

 

ARTICLE
7- SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS

 

		7.1	Survival of Representations, Warranties and Covenants of the Corporation

 

The representations,
warranties and covenants of the Corporation contained in this Subscription Agreement shall survive the Closing and continue in
full force and effect for the benefit of the Subscriber for a period of two years following Closing.

 

		7.2	Survival of Representations, Warranties and Covenants of the Subscriber

 

The representations,
warranties and covenants of the Subscriber contained in this Subscription Agreement shall survive the Closing and continue in full
force and effect for the benefit of the Corporation for a period of two years following the Closing.

 

ARTICLE 9 - MISCELLANEOUS

 

		9.1	Further Assurances

 

Each of the parties hereto
upon the request of each of the other parties hereto, whether before or after the Closing Time, shall do, execute, acknowledge
and deliver or cause to be done, executed, acknowledged and delivered all such further acts, deeds, documents, assignments, transfers,
conveyances, powers of attorney and assurances as may reasonably be necessary or desirable to complete the transactions contemplated
herein.

 

    	14

    	 

    

 

		9.2	Notices

 

		(a)	Any notice, direction or other instrument required or permitted to be given to any party hereto
shall be in writing and shall be sufficiently given if delivered personally, or transmitted electronically tested prior to transmission
to such party, as follows:

 

		(i)	in the case of the Corporation, to:

 

Ehave, Inc.

203-277 Lakeshore Road East

Oakville, ON L6J 6J3

 

	Attention:	Prateek Dwivedi
	Email:	teek@ehave.com

 

		(ii)	in the case of the Subscriber, at the address specified on the face page hereof,.

 

		(b)	Any such notice, direction or other instrument, if delivered personally, shall be deemed to have
been given and received on the day on which it was delivered, provided that if such day is not a Business Day then the notice,
direction or other instrument shall be deemed to have been given and received on the first Business Day next following such day
and if transmitted electronically, shall be deemed to have been given and received on the day of its transmission, provided that
if such day is not a Business Day or if it is transmitted or received after the end of normal business hours then the notice, direction
or other instrument shall be deemed to have been given and received on the first Business Day next following the day of such transmission.

 

		(c)	Any party hereto may change its address for service from time to time by notice given to each of
the other parties hereto in accordance with the foregoing provisions.

 

		9.3	Time of the Essence

 

Time shall be of the
essence of this Subscription Agreement and every part hereof.

 

		9.4	Costs and Expenses

 

All costs and expenses
(including, without limitation, the fees and disbursements of legal counsel) incurred in connection with this Subscription Agreement
and the transactions herein contemplated shall be paid and borne by the party incurring such costs and expenses.

 

		9.5	Applicable Law

 

This Subscription Agreement
shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the laws of the Province
of Ontario and the laws of Canada applicable therein. Any and all disputes arising under this Subscription Agreement, whether as
to interpretation, performance or otherwise, shall be subject to the non-exclusive jurisdiction of the courts of the Province of
Ontario and each of the parties hereto hereby irrevocably attorns to the jurisdiction of the courts of such Province.

 

    	15

    	 

    

 

		9.6	Entire Agreement

 

This Subscription Agreement,
including the Schedules hereto, constitutes the entire agreement between the parties with respect to the transactions contemplated
herein and cancels and supersedes any prior understandings, agreements, negotiations and discussions between the parties. There
are no representations, warranties, terms, conditions, undertakings or collateral agreements or understandings, express or implied,
between the parties hereto other than those expressly set forth in this Subscription Agreement or in any such agreement, certificate,
affidavit, statutory declaration or other document as aforesaid. This Subscription Agreement may not be amended or modified in
any respect except by written instrument executed by each of the parties hereto.

 

		9.7	Counterparts

 

This Subscription Agreement
may be executed in two or more counterparts, each of which shall be deemed to be an original and all of which together shall constitute
one and the same Subscription Agreement. Counterparts may be delivered either in original, PDF or faxed form and the parties adopt
any signatures received by PDF or a receiving fax machine as original signatures of the parties. If less than a complete copy of
this Subscription Agreement is delivered to the Corporation, the Corporation and its advisors are entitled to assume that the Subscriber
accepts and agrees to all the terms and conditions of the pages not delivered, unaltered.

 

		9.8	Assignment

 

This Subscription Agreement
may not be assigned by either party except with the prior written consent of the other party hereto.

 

		9.9	Enurement

 

This Subscription Agreement
shall enure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, successors (including
any successor by reason of the amalgamation or merger of any party), administrators and permitted assigns.

 

		9.10	Language

 

It is the express
wish of the Subscriber that the Subscription Agreement and any related documentation be drawn up in English only. Il est de la
volonté expresse du souscripteur que la convention de souscription ainsi que tout document connexe soient rédigés
en langue anglaise uniquement.

 

REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK

 

    	16

    	 

    

 

The Corporation hereby accepts the subscription for Units as
set forth on the face page of this Subscription Agreement on the terms and conditions contained in this Subscription Agreement
(including all applicable Schedules) this ____ day of ____________, 2018.

 

	 	 	EHAVE, INC.
	 	 	 
	 	Per:	 
	 	 	Authorized Signatory

 

    	 

    	 

    

 

SCHEDULE “A”

 

TERM SHEET

 

EHAVE, INC.

 

PRIVATE PLACEMENT OF UNITS

	
        Issuer:
	Ehave, Inc. (“Ehave” or, the “Company”).
	 	 
	Offered Securities:	Subordinated unsecured convertible debenture units (the “Units”).
	 	 
	Amount:	Approximately $1,500,000 of Units (the “Offering”).
	 	 
	Offering Price:	C$1,000 per Unit.
	 	 
	Unit:	Each Unit shall consist of one 10.0% subordinated unsecured convertible debenture (each a “Convertible Debenture”) of the Company and warrants of the Company exercisable to purchase that number of common shares as is equal to C$1,000 divided by the Conversion Price (as defined herein)  (each a “Warrant”).
	 	 
	Conversion Privilege:	The principal amount of each Convertible Debenture shall be convertible, for no additional consideration, into common shares of the Company (each a “Common Share”) at the option of the holders at any time following the completion of a Qualified Financing (as defined herein) and prior to the close of business on the Maturity Date, at a conversion price equal to 0.75 multiplied by the Qualified Financing Price (as defined herein) (the “Conversion Price).
	 	 
	Maturity Date:	Two years from the date the Units are issued. 
	 	 
	Interest:	The Convertible Debentures shall bear interest at a rate of 10.0% per annum from the date of issue and shall be payable, at the election of the holder, in (i) cash, (ii) Common Shares at the Conversion Price, or (iii) any combination thereof upon conversion or maturity.
	 	 
	Optional Repayment:	The Company may elect to repay in cash the outstanding principal outstanding on the Convertible Debentures (including accrued and unpaid interest) at any time upon 30 days’ notice.
	 	 
	Warrants:	Following the completion of a Qualified Financing, each Warrant entitles the holder to acquire one Common Share for an exercise price equal to the Qualified Financing Price at any time up to 5 years following the Closing Date (subject to adjustment in certain customary events). 
	 	 
	Anti-Dilution Adjustments:	The Conversion Price will be subject to adjustment in certain events including, without limitation, the subdivision or consolidation of the outstanding Common Shares, the issue of Common Shares or securities convertible into Common Shares by way of stock dividend or distribution, the issue of rights, options or warrants to all or substantially all of the holders of Common Shares in certain circumstances, and the distribution to all or substantially all of the holders of Common Shares of any other class of shares, rights, options or warrants, evidences of indebtedness or assets.

 

    	A-1

    	 

    

 

	
        Events of Default:
	The Convertible Debentures shall include customary events of default and shall also provide that it shall be an event of default if the Company (or any successor) has not become a “reporting issuer” in a province or territory of Canada within 6 months from the date on which the Convertible Debentures have been issued. If at any time during the term of the Convertible Debenture the Company issues securities at price deemed lower than the Conversion Price, the maturity date will be accelerated and occur on the 30th day following such issuance.
	 	 
	Qualified Financing:	The Company shall use commercially reasonable efforts to complete a subsequent financing for aggregate gross proceeds to the Company of at least C$2,000,000 (“Qualified Financing”) and be approved for trading on a Canadian recognized stock exchange (which, for greater certainty, includes the CSE or TSX Venture Exchange).  The issue price of the securities issued by the Company in the Qualified Financing shall be the “Qualified Financing Price”.
	 	 
	Closing Date:	On such date determined by the Company.
	 	 
	Use of Proceeds:	The Company shall have full and absolute discretion with respect to the use of proceeds.

 

    	A-2

    	 

    

 

SCHEDULE “B”

 

Accredited
Investor Status CERTIFICATE

 

The categories listed herein contain
certain specifically defined terms. If you are unsure as to the meanings of those terms, or are unsure as to the applicability
of any category below, please contact your broker and/or legal advisor before completing this certificate.

 

		TO:	EHAVE, INC. (the “Corporation”)

 

In connection with the purchase by the
undersigned Subscriber of the Units, the Subscriber (the “Subscriber”) hereby represents, warrants, covenants
and certifies to the Corporation (and acknowledges that the Corporation and its counsel are relying thereon) that:

 

		(a)	the Subscriber is resident in or otherwise subject to the securities laws of one of the Provinces
of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Québec, New Brunswick, Nova Scotia, Prince Edward Island
or Newfoundland and Labrador;

 

		(b)	the Subscriber is purchasing the Units as principal for its own account and not for the benefit
of any other person or is deemed to be purchasing as principal pursuant to NI 45-106;

 

		(c)	the Subscriber is an “accredited investor” within the meaning of NI 45-106 on the basis
that the Subscriber fits within one of the categories of an “accredited investor” reproduced below beside which the
Subscriber has indicated the undersigned belongs to such category;

 

		(d)	the Subscriber was not created or used solely to purchase or hold securities as an accredited investor
as described in paragraph (m) below;

 

		(e)	if the Subscriber is purchasing under category (j), (k) or (l) below, it has completed and signed
Exhibit “I” attached hereto; and

 

		(f)	upon execution of this Schedule “B” by the Subscriber, this Schedule “B”
shall be incorporated into and form a part of the Subscription Agreement to which this Schedule “B” is attached.

 

(PLEASE CHECK THE BOX OF THE APPLICABLE
CATEGORY OF ACCREDITED INVESTOR)

 

	 ̈	(a)	(i) except in Ontario, a Canadian financial institution, or a Schedule III bank; or
	 	 	(ii) in Ontario, a financial institution that is (A) a bank listed in Schedule I, II or III of the Bank Act (Canada); (B) an association to which the Cooperative Credit Associations Act (Canada) applies or a central cooperative credit society for which an order has been made under subsection 473(1) of that Act; or (C) a loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative or credit union league or federation that is authorized by a statute of Canada or Ontario to carry on business in Canada or Ontario, as the case may be;
	 	 	 
	 ̈	(b)	the Business Development Bank of Canada incorporated under the Business Development Bank of Canada Act (Canada);
	 	 	 
	 ̈	(c)	a subsidiary of any person or company referred to in paragraphs (a) or (b), if the person or company owns all of the voting securities of the subsidiary, except the voting securities required by law to be owned by directors of that subsidiary;
	 	 	 
	 ̈	(d)	a person or company registered under the securities legislation of a jurisdiction (province or territory) of Canada as an adviser or dealer (or in Ontario, except as otherwise prescribed by the regulations under the Securities Act (Ontario));

 

    	B-1

    	 

    

 

	 ̈	(e)	an individual registered under the securities legislation of a jurisdiction of Canada as a representative of a person referred to in paragraph (d);
	 	 	 
	 ̈	(e.1)	an individual formerly registered under the securities legislation of a jurisdiction of Canada, other than an individual formerly registered solely as a representative of a limited market dealer under one or both of the Securities Act (Ontario) or the Securities Act (Newfoundland and Labrador);
	 	 	 
	 ̈	(f)	the Government of Canada or a jurisdiction (province or territory) of Canada, or any crown corporation, agency or wholly owned entity of the Government of Canada or a jurisdiction of Canada;
	 	 	 
	 ̈	(g)	a municipality, public board or commission in Canada and a metropolitan community, school board, the Comité de gestion de la taxe scolaire de l’île de Montréal or an intermunicipal management board in Québec;
	 	 	 
	 ̈	(h)	any national, federal, state, provincial, territorial or municipal government of or in any foreign jurisdiction, or any agency of that government;
	 	 	 
	 ̈	(i)	a pension fund that is regulated by either the Office of the Superintendent of Financial Institutions (Canada), a pension commission or similar regulatory authority of a jurisdiction (province or territory) of Canada;
	 	 	 
	 ̈	(j)	an individual who, either alone or with a spouse, beneficially owns financial assets having an aggregate realizable value that, before taxes, but net of any related liabilities, exceeds $1,000,000 (completion of Exhibit “I” is also required);
	 	 	 
	 ̈	(j.1)	an individual who beneficially owns financial assets having an aggregate realizable value that, before taxes but net of any related liabilities, exceeds $5,000,000;
	 	 	 
	 ̈	(k)	an individual whose net income before taxes exceeded $200,000 in each of the two most recent calendar years or whose net income before taxes combined with that of a spouse exceeded $300,000 in each of the two most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year (completion of Exhibit “I” is also required);
	 	 	 
	 ̈	(l)	an individual who, either alone or with a spouse, has net assets of at least $5,000,000 (completion of Exhibit “I” is also required);
	 	 	 
	 ̈	(m)	a person, other than an individual or investment fund, that has net assets of at least $5,000,000 as shown on its most recently prepared financial statements;
	 	 	 
	 ̈	(n)	an investment fund that distributes or has distributed its securities only to (i) a person that is or was an accredited investor at the time of the distribution, (ii) a person that acquires or acquired securities in the circumstances referred to in sections 2.10 [Minimum amount investment] or 2.19 [Additional investment in investment funds] of NI 45-106, or (iii) a person described in sub-paragraph (i) or (ii) that acquires or acquired securities under section 2.18 [Investment fund reinvestment] of NI 45-106;
	 	 	 
	 ̈	(o)	an investment fund that distributes or has distributed securities under a prospectus in a jurisdiction of Canada for which the regulator or, in Québec, the securities regulatory authority, has issued a receipt;

 

    	B-2

    	 

    

 

	 ̈	(p)	a trust company or trust corporation registered or authorized to carry on business under the Trust and Loan Companies Act (Canada) or under comparable legislation in a jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a fully managed account managed by the trust company or trust corporation, as the case may be;
	 	 	 
	 ̈	(q)	a person acting on behalf of a fully managed account managed by that person, if that person is registered or authorized to carry on business as an adviser or the equivalent under the securities legislation of a jurisdiction of Canada or a foreign jurisdiction;
	 	 	 
	 ̈	(r)	a registered charity under the Income Tax Act (Canada) that, in regard to the trade, has obtained advice from an eligibility adviser or an adviser registered under the securities legislation of the jurisdiction of the registered charity to give advice on the securities being traded;
	 	 	 
	 ̈	(s)	an entity organized in a foreign jurisdiction that is analogous to any of the entities referred to in paragraphs (a) to (d) or paragraph (i) in form and function;
	 	 	 
	 ̈	(t)	a person in respect of which all of the owners of interests, direct, indirect or beneficial, except the voting securities required by law to be owned by directors, are persons that are accredited investors;
	 	 	 
	 ̈	(u)	an investment fund that is advised by a person registered as an adviser or a person that is exempt from registration as an adviser;
	 	 	 
	 ̈	(v)	a person that is recognized or designated by the securities regulatory authority or, except in Ontario or Québec, the regulator as an accredited investor;
	 	 	 
	 ̈	(w)	a trust established by an accredited investor for the benefit of the accredited investor’s family members of which a majority of the trustees are accredited investors and all of the beneficiaries are the accredited investor’s spouse, a former spouse of the accredited investor or a parent, grandparent, brother, sister, child or grandchild of that accredited investor, of that accredited investor’s spouse or of that accredited investor’s former spouse; or
	 	 	 
	 ̈	(x)	in Ontario, such other persons or companies as may be prescribed by the regulations under the Securities Act (Ontario).
	 	 	***If checking this category (x), please provide a description of how this requirement is met.

 

For the purposes hereof, the following
definitions are included for convenience:

 

		(a)	“bank” means a bank named in Schedule I or II of the Bank Act (Canada);

 

		(b)	“Canadian financial institution” means (i) an association governed by the Cooperative
Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1)
of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union,
caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction
of Canada to carry on business in Canada or a jurisdiction of Canada;

 

		(c)	“company” means any corporation, incorporated association, incorporated syndicate
or other incorporated organization;

 

		(d)	“eligibility adviser” means:

 

		(i)	a person that is registered as an investment dealer and authorized to give advice with respect
to the type of security being distributed, and

 

		(ii)	in Saskatchewan or Manitoba, also means a lawyer who is a practicing member in good standing with
a law society of a jurisdiction of Canada or a public accountant who is a member in good standing of an institute or association
of chartered accountants, certified general accountants or certified management accountants in a jurisdiction of Canada provided
that the lawyer or public accountant must not

 

    	B-3

    	 

    

 

		(A)	have a professional, business or personal relationship with the issuer, or any of its directors,
executive officer, founders, or control persons, and

 

		(B)	have acted for or been retained personally or otherwise as an employee, executive officer, director,
associate or partner of a person that has acted for or been retained by the issuer or any of its directors, executive officers,
founders or control persons within the previous 12 months;

 

		(e)	“executive officer” means, for an issuer, an individual who is: (i) a chair,
vice-chair or president, (ii) a vice-president in charge of a principal business unit, division or function including sales, finance
or production, or (iii) performing a policy-making function in respect of the issuer;

 

		(f)	“financial assets” means (i) cash, (ii) securities, or (iii) a contract of insurance,
a deposit or an evidence of a deposit that is not a security for the purposes of securities legislation;

 

		(g)	“fully managed account” means an account of a client for which a person makes
the investment decisions if that person has full discretion to trade in securities for the account without requiring the client’s
express consent to a transaction;

 

		(h)	“investment fund” has the same meaning as in National Instrument 81-106 Investment
Fund Continuous Disclosure;

 

		(i)	“person” includes: (i) an individual, (ii) a corporation, (iii) a partnership,
trust, fund and an association, syndicate, organization or other organized group of persons whether incorporated or not, and (iv)
an individual or other person in that person’s capacity as a trustee, executor, administrator or personal or other legal
representative.

 

		(j)	“related liabilities” means (i) liabilities incurred or assumed for the purpose
of financing the acquisition or ownership of financial assets, or (ii) liabilities that are secured by financial assets;

 

		(k)	“Schedule III bank” means an authorized foreign bank named in Schedule III of
the Bank Act (Canada);

 

		(l)	“spouse” means, an individual who, (i) is married to another individual and
is not living separate and apart within the meaning of the Divorce Act (Canada), from the other individual, (ii) is living
with another individual in a marriage-like relationship, including a marriage-like relationship between individuals of the same
gender, or (iii) in Alberta, is an individual referred to in paragraph (i) or (ii), or is an adult interdependent partner within
the meaning of the Adult Interdependent Relationships Act (Alberta); and

 

		(m)	“subsidiary” means an issuer that is controlled directly or indirectly by another
issuer and includes a subsidiary of that subsidiary.

 

In NI 45-106 a person or company is an
affiliate of another person or company if one of them is a subsidiary of the other, or if each of them is controlled by the same
person.

 

In NI 45-106 and except in Part 2 Division
4 (Employee, Executive Officer, Director and Consultant Exemption) of NI 45-106, a person (first person) is considered to control
another person (second person) if (a) the first person, beneficially owns or directly or indirectly exercises control or direction
over securities of the second person carrying votes which, if exercised, would entitle the first person to elect a majority of
the directors of the second person, unless that first person holds the voting securities only to secure an obligation, (b) the
second person is a partnership, other than a limited partnership, and the first person holds more than 50% of the interests of
the partnership, or (c) the second person is a limited partnership and the general partner of the limited partnership is the first
person.

 

    	B-4

    	 

    

 

The foregoing representations contained
in this certificate are true and accurate as of the date of this certificate and will be true and accurate as of the Closing Time
(as defined in the Subscription Agreement to which this Schedule “B” is attached) and the Subscriber acknowledges that
this Accredited Investor Status Certificate is incorporated into and forms a part of the Subscription Agreement to which it is
attached. If any such representations shall not be true and accurate prior to the Closing Time, the undersigned shall give immediate
written notice of such fact to the Corporation prior to the Closing Time.

 

	
        Dated:
	____________________	 	Signed:  	________________________________
	 	 	 	 	 
	 	 	 
	
        _________________________________

        Witness (If Subscriber is an Individual)
	 	
        __________________________________________

        Print the name of Subscriber

	 	 	 
	 	 	 
	
        _________________________________

        Print Name of Witness
	 	
        __________________________________________

        If Subscriber is a corporation,

        print name and title of Authorized Signing Officer

 

    	B-5

    	 

    

 

EXHIBIT “I” TO SCHEDULE “B”

 

FORM FOR INDIVIDUAL ACCREDITED INVESTORS

 

THIS “EXHIBIT I” TO SCHEDULE
“B” IS TO BE COMPLETED BY ACCREDITED INVESTORS WHO ARE INDIVIDUALS SUBSCRIBING UNDER CATEGORIES (J), (K) OR (L) IN
SCHEDULE “B” TO WHICH THIS EXHIBIT “I” IS ATTACHED.

 

	
        WARNING!

        This investment is risky. Don’t
        invest unless you can afford to lose all the money you pay for this investment.

 

	SECTION 1 TO BE COMPLETED BY THE ISSUER OR SELLING SECURITY HOLDER
	1.  About your investment
	Type of securities: Units (comprised of one (1) convertible debenture and a variable number of common share purchase warrants)	Issuer:  Ehave, Inc.
	Purchased from: Issuer
	SECTIONS 2 TO 4 TO BE COMPLETED BY THE SUBSCRIBER
	2.  Risk acknowledgement
	This investment is risky. Initial that you understand that:	Your 

Initials
	Risk of loss - You could lose your entire investment of $ _____________ . [Instruction: Insert the total dollar amount of the investment.]	 
	Liquidity risk - You may not be able to sell your investment quickly - or at all.	 
	Lack of information - You may receive little or no information about your investment.	 
	Lack of advice - You will not receive advice from the salesperson about whether this investment is suitable for you unless the salesperson is registered. The salesperson is the person who meets with, or provides information to, you about making this investment. To check whether the salesperson is registered, go to www.aretheyregistered.ca.	 
	3.  Accredited investor status
	You must meet at least one of the following criteria to be able to make this investment. Initial the statement that applies to you. (You may initial more than one statement.) The person identified in section 6 is responsible for ensuring that you meet the definition of accredited investor. That person, or the salesperson identified in section 5, can help you if you have questions about whether you meet these criteria.	Your 

initials

	·	Your net income before taxes was more than $200,000 in each of the 2 most recent calendar years, and you expect it to be more than $200,000 in the current calendar year. (You can find your net income before taxes on your personal income tax return.)	 
	·	Your net income before taxes combined with your spouse’s was more than $300,000 in each of the 2 most recent calendar years, and you expect your combined net income before taxes to be more than $300,000 in the current calendar year.	 
	·	Either alone or with your spouse, you own more than $1 million in cash and securities, after subtracting any debt related to the cash and securities.	 
	·	Either alone or with your spouse, you have net assets worth more than $5 million. (Your net assets are your total assets (including real estate) minus your total debt.)	 

 

    	B-6

    	 

    

 

	4.  Your name and signature
	By signing this form, you confirm that you have read this form and you understand the risks of making this investment as identified in this form.
	First and last name (please print):
	Signature:	Date:
	SECTION 5 TO BE COMPLETED BY THE SALESPERSON 
	5.  Salesperson information
	[Instruction: The salesperson is the person who meets with, or provides information to, the Subscriber with respect to making this investment. That could include a representative of the issuer or selling security holder, a registrant or a person who is exempt from the registration requirement.]
	First and last name of salesperson (please print):
	Telephone:	Email:
	Name of firm (if registered):
	SECTION 6 TO BE COMPLETED BY THE ISSUER OR SELLING SECURITY HOLDER
	6.  For more information about this investment
	For investment in a non-investment fund
	Ehave, Inc. 
	203-277 Lakeshore Road East
	Oakville, ON L6J 6J3
	 
	Attention:     Prateek
    Dwivedi	 
	Email:        
      teek@ehave.com	 
	 	 
	For more information about prospectus exemptions, contact your local securities regulator. You can find contact information at www.securities-administrators.ca.
	 
	 	 	 

Form instructions:

 

		1.	This form does not mandate the use of a specific font size or style but the font must be legible.

 

		2.	The information in sections 1, 5 and 6 must be completed before the Subscriber completes and
signs the form.

 

		3.	The Subscriber must sign this form. Each of the Subscriber and the issuer or selling security
holder must receive a copy of this form signed by the Subscriber. The issuer or selling security holder is required to keep a copy
of this form for 8 years after the distribution.

 

    	B-7

    	 

    

 

SCHEDULE “C”

CONTACT INFORMATION FOR CANADIAN SECURITIES COMMISSIONS

 

	Alberta Securities Commission 	Government of Nunavut
	Suite 600, 250 – 5th Street SW	Department of Justice
	Calgary, Alberta T2P 0R4	Legal Registries Division
	Telephone: (403) 297-6454	P.O. Box 1000, Station 570
	Toll free in Canada: 1-877-355-0585	1st Floor, Brown Building
	Facsimile: (403) 297-2082	Iqaluit, Nunavut X0A 0H0
	Public official contact: FOIP Coordinator	Telephone: (867) 975-6590
	 	Facsimile: (867) 975-6594
	British Columbia Securities Commission	Public official contact: Superintendent of Securities
	P.O. Box 10142, Pacific Centre	 
	701 West Georgia Street	Ontario Securities Commission
	Vancouver, British Columbia V7Y 1L2	20 Queen Street West, 22nd Floor
	Inquiries: (604) 899-6854	Toronto, Ontario M5H 3S8
	Toll free in Canada: 1-800-373-6393	Telephone: (416) 593-8314
	Facsimile: (604) 899-6581	Toll free in Canada: 1-877-785-1555
	Email: FOI-privacy@bcsc.bc.ca	Facsimile: (416) 593-8122
	Public official contact: FOI Inquiries	Email: exemptmarketfilings@osc.gov.on.ca
	 	Public official contact: Inquiries Officer
	The Manitoba Securities Commission	 
	500 – 400 St. Mary Avenue	Prince Edward Island Securities Office
	Winnipeg, Manitoba R3C 4K5	95 Rochford Street, 4th Floor Shaw Building
	Telephone: (204) 945-2561	P.O. Box 2000
	Toll free in Manitoba 1-800-655-5244	Charlottetown, Prince Edward Island C1A 7N8
	Facsimile: (204) 945-0330	Telephone: (902) 368-4569
	Public official contact: Director	Facsimile: (902) 368-5283
	 	Public official contact: Superintendent of Securities
	Financial and Consumer Services Commission (New Brunswick)	 
	85 Charlotte Street, Suite 300	Autorité des marchés financiers
	Saint John, New Brunswick E2L 2J2	800, Square Victoria, 22e étage
	Telephone: (506) 658-3060	C.P. 246, Tour de la Bourse
	Toll free in Canada: 1-866-933-2222	Montréal, Québec H4Z 1G3
	Facsimile: (506) 658-3059	Telephone: (514) 395-0337 or 1-877-525-0337
	Email: info@fcnb.ca	Facsimile: (514) 873-6155 (For filing purposes only)
	Public official contact: Chief Executive Officer and Privacy Officer	Facsimile: (514) 864-6381 (For privacy requests only)
	 	Email: financementdessocietes@lautorite.qc.ca (For 
	Government of Newfoundland and Labrador	corporate finance issuers); 
	Financial Services Regulation Division	fonds_dinvestissement@lautorite.qc.ca (For investment 
	P.O. Box 8700, Confederation Building	fund issuers)
	2nd Floor, West Block, Prince Philip Drive	Public official contact: Secrétaire générale
	St. John’s, Newfoundland and Labrador A1B 4J6	 
	Attention: Director of Securities	Financial and Consumer Affairs Authority of Saskatchewan
	Telephone: (709) 729-4189	Suite 601 - 1919 Saskatchewan Drive
	Facsimile: (709) 729-6187	Regina, Saskatchewan S4P 4H2
	Public official contact: Superintendent of Securities	Telephone: (306) 787-5842
	 	Facsimile: (306) 787-5899
	Government of the Northwest Territories	Public official contact: Director
	Office of the Superintendent of Securities	 
	P.O. Box 1320	Government of Yukon
	Yellowknife, Northwest Territories X1A 2L9	Department of Community Services
	Attention: Deputy Superintendent, Legal & Enforcement	Office of the Superintendent of Securities
	Telephone: (867) 767-9305	307 Black Street
	Facsimile: (867) 873-0243	Whitehorse, Yukon Y1A 2N1
	Public official contact: Superintendent of Securities	Telephone: 867-667-5466
	 	Facsimile: (867) 393-6251
	Nova Scotia Securities Commission	Email: securities@gov.yk.ca
	Suite 400, 5251 Duke Street	Public official contact: Superintendent of Securities
	Duke Tower	 
	P.O. Box 458	 
	Halifax, Nova Scotia B3J 2P8	 
	Telephone: (902) 424-7768	 
	Facsimile: (902) 424-4625	 
	Public official contact: Executive Director	 

 

    	C-1Exhibit 4.33

 

UNLESS PERMITTED
UNDER SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY OR ANY SECURITIES INTO WHICH THIS SECURITY
MAY BE CONVERTED INTO BEFORE THE DATE THAT IS 4 MONTHS AND ONE DAY AFTER THE LATER OF (I) [l],
AND (II) THE DATE THE ISSUER BECAME A REPORTING ISSUER IN ANY PROVINCE OR TERRITORY.

 

	DEBENTURE CERTIFICATE NUMBER: 201801
    – D[l]	[l]DEBENTURES

 

EHAVE,
INC.

 

CONVERTIBLE
DEBENTURE

 

EHAVE, INC.
a body corporate incorporated under the laws of [l]
(the “Corporation”), for value received hereby acknowledges itself indebted and promises to pay to [name
and address of debenture holder] (the “Holder”), on [l],
2020 (the “Maturity Date”) or on such earlier date as the principal amount of [Dollar
amount written] ($[l])
(the “Principal”) convertible debentures of the Corporation (the “Debentures”) may become
payable hereunder, in lawful money of Canada to the Holder and to pay in the same money and at the same place interest on the
Principal or on so much thereof as remains from time to time unpaid at the rate of ten percent (10.0%) per annum, payable at the
earlier of (i) the Conversion Date (as defined herein), and (ii) the Maturity Date.

 

     

     

    

 

ARTICLE
1

INTERPRETATION

 

		1.1	Definitions

 

In this Debenture, including the recitals
and any schedules hereto:

 

		(a)	“Business Day” means any day other than Saturday, Sunday or a statutory or civic
holiday, or any other day on which the banks are open for business in the Province of Ontario;

 

		(b)	“Common Shares” means common shares in the capital of the Corporation;

 

		(c)	“Conversion Date” has the meaning ascribed to such term in Section 3.1(a);

 

		(d)	“Conversion Price” shall mean the Qualified Financing Price multiplied by 0.75;

 

		(e)	“Corporation” has the meaning ascribed to such term on the first page of this
Debenture;

 

		(f)	“Current Market Price” means the price per share of the Common Shares as determined
by the board of directors of the Corporation;

 

		(g)	“Debentures” has the meaning ascribed to such term on the first page of this
Agreement;

 

		(h)	“Event of Default” has the meaning ascribed to such term in Section 4.1;

 

		(i)	“Holder” has the meaning ascribed to such term on the first page of this Agreement;

 

		(j)	“Maturity Date” has the meaning ascribed to such term on the first page of this
Agreement, subject to adjustment pursuant to Section 2.9;

 

		(k)	“Offering” means the offering by the Corporation of units comprised of convertible
debentures and Common Share purchase warrants for aggregate proceeds of approximately CDN$500,000 and which Offering may close
in multiple tranches;

 

		(l)	“Principal” has the meaning ascribed to such term on the first
page of this Agreement;

 

		(m)	“Qualified Financing” shall mean the completion of a financing by the Corporation
after the date hereof for aggregate gross proceeds of not less than CDN$2,000,000; provided that such financing shall be completed
in connection with the proposed listing of the Common Shares on a recognized stock exchange in Canada (which, for greater certainty,
includes the TSX Venture Exchange and Canadian Securities Exchange) within two (2) months of the completion of such financing;

 

		(n)	“Qualified Financing Price” shall mean the price per security issued by the
Corporation in the Qualified Financing; and

 

		(o)	“Taxes” has the meaning ascribed to such term in Section 2.4.

 

    	 	- 2 -	 

     

    

 

		1.2	Gender and Number

 

Words importing the singular number or
masculine gender shall include the plural number or the feminine or neuter genders, and vice versa.

 

		1.3	Headings, Etc.

 

The division of this Debenture into Articles
and Sections and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation
of this Debenture.

 

		1.4	Day not a Business Day.

 

If any day on or before which any action
or notice is required to be taken or given hereunder is not a Business Day, then such action or notice shall be required to be
taken or given on or before the requisite time on the next succeeding day that is a Business Day.

 

		1.5	Monetary References.

 

Whenever any amounts of money are referred
to herein, such amounts shall be deemed to be in lawful money of Canada unless otherwise expressed.

 

ARTICLE
2

REGISTRATION AND TRANSFER OF DEBENTURE

 

		2.1	Registration and Transfer of Debentures

 

		(a)	The Corporation shall, at all times while this Debenture is outstanding, cause to be kept by and
at the principal office of the Corporation a register in which shall be entered the name and address of the Holder and particulars
of this Debenture. No transfer of this Debenture shall be valid unless made by the Holder or its executors or administrators or
other legal representatives or its attorney duly appointed by an instrument in writing in form and execution satisfactory to the
Corporation, upon compliance with such reasonable requirements as the Corporation may prescribe, and unless such transfer shall
have been duly entered on the register.

 

		(b)	The register referred to in this Section shall at all reasonable times be open for inspection by
the Holder.

 

		(c)	This Debenture shall not be assigned unless all the obligations due to the assignor are also assigned
to the assignee of this Debenture and a notice of such assignment shall be submitted to the Corporation substantially in the form
of Schedule “A” attached hereto.

 

		(d)	The Corporation shall not be required to transfer or exchange this Debenture on any date when interest
payment are due as contemplated hereunder or during a period of ten (10) Business Days immediately preceding any such date.

 

		2.2	Person Entitled to Payment

 

		(a)	The Holder shall be deemed and regarded as the owner for all purposes of this Debenture and payment
of the Principal and any interest thereon shall be made only to or upon the order in writing of the Holder and such payment shall
be a good and sufficient discharge to the Corporation and any paying agent for the amounts so paid.

 

    	 	- 3 -	 

     

    

 

		(b)	The Holder shall be entitled to the Principal and interest thereon evidenced by this Debenture,
free from all equities or rights of set-off or counterclaim between the Corporation and the original or any intermediate holder
thereof and all persons may act accordingly and a transferee of this Debenture shall, after an appropriate form of transfer is
lodged with the Corporation be entitled to be entered on any of the appropriate registers as the owner of this Debenture, free
from all equities or rights of set-off or counterclaim between the Corporation and such holder’s transferor or any previous
holder thereof, except for equities the Corporation is required to take notice of by statute or by order of a court of competent
jurisdiction.

 

		(c)	Delivery to the Corporation by the Holder of the receipt of the Holder for the Principal and interest
thereon shall be a good and valid discharge to the Corporation, which shall not be bound to enquire into the title of the Holder,
save as ordered by some court of competent jurisdiction or as required by statute. The Corporation shall not be bound to see to
the execution of any trust affecting the ownership of this Debenture nor be affected by notice of any equity that may be subsisting
in respect thereof.

 

		2.3	Mutilation, Loss, Theft or Destruction

 

In case this Debenture
shall become mutilated or be lost, stolen or destroyed, the Corporation, in its discretion, may issue and deliver a new Debenture
upon surrender and cancellation of the mutilated Debenture, or in the case of a lost, stolen or destroyed Debenture, in lieu of
and in substitution for the same. In case of loss, theft or destruction, the applicant for a substituted Debenture shall furnish
to the Corporation such evidence of the loss, theft or destruction of this Debenture as shall be satisfactory to the Corporation
in its discretion and shall also furnish an indemnity satisfactory to the Corporation. The applicant shall pay all reasonable expenses
incidental to the issuance of any substituted Debenture including the cost of such indemnity or indemnity bond.

 

		2.4	Payment of Debenture

 

All payments to be
made to the Holder by the Corporation under this Debenture shall be made by certified cheque, bank draft or wire transfer in immediately
available funds to the Holder’s designated account or at the address of the Holder as set out in Section 5.7, free and clear
of and without deduction or withholding for any and all taxes, levies, imposts, deductions, charges or withholdings, and all liabilities
with respect thereto (all such taxes, levies, imposts, deductions, charges, withholdings and liabilities being hereinafter referred
to as “Taxes”) imposed by Canada (or any of the provinces and territories thereof), unless such Taxes are required
by applicable law to be deducted or withheld. If the Corporation shall be required by applicable law to deduct or withhold any
such Taxes from or in respect of any amount payable under this Debenture, (a) the amount payable shall be decreased (and for greater
certainty, in the case of interest, the amount of interest shall be decreased) by the amount of such deduction or withholding;
(b) the Corporation shall make such deductions or withholdings; and (c) the Corporation shall pay the full amount deducted or withheld
forthwith to the relevant governmental entity in accordance with applicable law.

 

    	 	- 4 -	 

     

    

 

		2.5	Holder not a Shareholder

 

Nothing in this Debenture
shall, in itself confer or be construed as conferring upon the Holder any right or interest whatsoever as a shareholder of the
Corporation, including, without limitation, the right to vote at, to receive notice of, or to attend a meeting of shareholders
or any offer of the Corporation, or the right to receive dividends or other distributions.

 

		2.6	Debenture Issued as Security

 

This Debenture shall
be held by the Holder as continuing security for the obligations which from time to time are due and owing by the Corporation to
the Holder and any ultimate unpaid balance or unperformed part thereof.

 

		2.7	Concerning Interest

 

		(a)	Unless otherwise specifically provided herein, interest shall be computed on the basis of a year
of 360 days composed of twelve 30-day months. With respect to the Debentures, whenever interest is computed on the basis of a year
(the “deemed year”) which contains more days than the actual number of days in the calendar year of calculation,
such rate of interest shall be expressed as a yearly rate for purposes of the Interest Act (Canada) by multiplying such
rate of interest by the actual number of days in the calendar year of calculation and dividing it by the number of days in the
deemed year.

 

		(b)	Subject to any required approval of a recognized stock exchange in connection with a Qualified
Financing, all unpaid interest earned and accrued with respect to the Debentures shall be deemed as Principal and shall be treated
as same for the purposes of this Debenture (“Added Principal”). If in connection with a Qualified Financing,
a recognized stock exchange shall not allow for accrued and earned interest to be reclassified as Principal, the provisions of
this Section 2.7(b) shall have no force and effect.

 

		(c)	There shall be no interest earned on Added Principal.

 

		2.8	Pre-Payment Right

 

If no Event of Default
has occurred, and upon providing not less than thirty (30) days written notice to the Holder, the Corporation shall have the option
to pre-pay all or any portion of the Principal outstanding plus any accrued and unpaid interest in cash. Upon receiving the notice
referred to in the prior sentence, the Holder shall have ten (10) days to exercise the Holder’s right of conversion pursuant
to Section 3.1 (in whole or in part).

 

		2.9	Acceleration of Maturity Date

 

If, following the completion
of a Qualified Financing, the Corporation issues any Common Shares (“Discounted Issuance”) at a price that is
lower than the Conversion Price (after taking into account any adjustments in accordance with this Debenture), then the Maturity
Date shall be accelerated to the date that is thirty (30) days following the closing of the Discounted Issuance and all outstanding
Principal and any accrued and unpaid interest thereon shall become due on such accelerated Maturity Date.

 

    	 	- 5 -	 

     

    

 

ARTICLE
3

CONVERSION OF DEBENTURE

 

		3.1	Conversion Privilege

 

		(a)	Following the completion of a Qualified Financing and subject to the provisions and conditions
of Section 2.8 and this ARTICLE 4, the Holder shall have the right, at the Holder's option, at any time prior to 5:00 p.m. (Toronto
time) on the last Business Day immediately preceding the Maturity Date, to convert the whole or any part of the Principal that
is divisible by $1,000 into Common Shares at the Conversion Price, in effect as of the date of such conversion (“Conversion
Date”). To make such election to convert, the Holder shall deliver to the Corporation a conversion notice substantially
in the form of Schedule “B” attached hereto.

 

		(b)	The conversion shall extend only to the maximum number of whole Common Shares into which the aggregate
Principal surrendered for conversion at any one time by the Holder may be converted in accordance with the foregoing provisions
of this Section. Fractional interests in Common Shares shall be adjusted for in the manner provided in Section 3.3.

 

		(c)	Upon conversion of this Debenture, any accrued but unpaid interest due to the date of conversion
which is not being converted in the manner herein provided shall be payable by the Corporation to the Holder within 30 days of
the Conversion Date.

 

		(d)	Within ten Business Days of the Conversion Date, the Corporation shall issue or cause to be issued
and deliver or cause to be delivered to the Holder a certificate or certificates in the name of the Holder for the number of Common
Shares deliverable upon the conversion of this Debenture (or specified portion thereof).

 

		(e)	If the Holder shall convert less than all of the Principal, the Holder shall be entitled to receive
a certificate representing any balance of the Principal amount of Debenture not converted and interest accrued thereon.

 

		3.2	Adjustment of Conversion Price

 

The Conversion Price
shall be subject to adjustment from time to time as follows:

 

		(a)	if and whenever at any time prior to the Conversion Date the Corporation shall (i) subdivide or
re-divide the outstanding Common Shares into a greater number of shares; (ii) reduce, combine or consolidate the outstanding Common
Shares into a smaller number of shares; or (iii) issue Common Shares to the holders of all or substantially all of the outstanding
Common Shares by way of a stock dividend (other than the issue of Common Shares to holders of Common Shares who have elected to
receive dividends in the form of Common Shares in lieu of dividends paid in the ordinary course on the Common Shares), the Conversion
Price in effect on the effective date of such subdivision, re-division, reduction, combination or consolidation or on the record
date for such issue of Common Shares by way of a stock dividend, as the case may be, shall in the case of any of the events referred
to in (i) and (iii) above be decreased in proportion to the number of outstanding Common Shares resulting from such subdivision,
redivision or dividend, or shall, in the case of any of the events referred to in (ii) above, be increased in proportion to the
number of outstanding Common Shares resulting from such reduction, combination or consolidation. Such adjustment shall be made
successively whenever any event referred to in this subsection 3.2(a) shall occur. Any such issue of Common Shares by way of a
stock dividend shall be deemed to have been made on the record date for the stock dividend for the purpose of calculating the number
of outstanding Common Shares under subsections (b) and (c) of this Section 3.2;

 

    	 	- 6 -	 

     

    

 

		(b)	if and whenever at any time prior to the Conversion Date the Corporation shall fix a record date
for the issuance of rights or warrants to all or substantially all the holders of its outstanding Common Shares entitling them,
for a period expiring not more than 45 days after such record date, to subscribe for or purchase Common Shares (or securities convertible
into or exchangeable for Common Shares) at a price per share (or having a conversion or exchange price per share) less than 80%
of the Current Market Price of a Common Share on such record date, the Conversion Price shall be adjusted immediately after such
record date so that it shall equal the price determined by multiplying the Conversion Price in effect on such record date by a
fraction, of which the numerator shall be the total number of Common Shares outstanding on such record date plus a number of Common
Shares equal to the number arrived at by dividing the aggregate price of the total number of additional Common Shares offered for
subscription or purchase (or the aggregate conversion or exchange price of the convertible or exchangeable securities so offered)
by such Current Market Price per Common Share, and of which the denominator shall be the total number of Common Shares outstanding
on such record date plus the total number of additional Common Shares offered for subscription or purchase (or into which the convertible
or exchangeable securities so offered are convertible or exchangeable). Such adjustment shall be made successively whenever such
a record date is fixed. To the extent that any such rights or warrants are not so issued or any such rights or warrants are not
exercised prior to the expiration thereof, the Conversion Price shall be re-adjusted to the Conversion Price which would then be
in effect if such record date had not been fixed or to the Conversion Price which would then be in effect based upon the number
of Common Shares (or securities convertible into or exchangeable for Common Shares) actually issued upon the exercise of such rights
or warrants, as the case may be;

 

		(c)	if and whenever at any time prior to the Conversion Date the Corporation shall fix a record date
for the making of a distribution to all or substantially all the holders of its outstanding Common Shares of (i) shares of any
class other than Common Shares and other than shares distributed to holders of Common Shares who have elected to receive dividends
in the form of such shares in lieu of dividends paid in the ordinary course; (ii) rights, options or warrants (excluding rights,
options or warrants entitling the holders thereof for a period of not more than 45 days to subscribe for or purchase Common Shares
or securities convertible into Common Shares); or (iii) evidences of its indebtedness; or (iv) assets (excluding dividends paid
in the ordinary course) then, in each such case, the Conversion Price shall be adjusted immediately after such record date so that
it shall equal the price determined by multiplying the Conversion Price in effect on such record date by a fraction, of which the
numerator shall be the total number of Common Shares outstanding on such record date multiplied by the Current Market Price per
Common Share on such record date, less the fair market value (as determined by the board of directors with the approval of the
trustee, acting reasonably, which determination shall be conclusive) of such shares or rights, options or warrants or evidences
or indebtedness or assets so distributed, and of which the denominator shall be the total number of Common Shares outstanding on
such record date multiplied by such Current Market Price per Common Share. Such adjustment shall be made successively whenever
such a record date is fixed. To the extent that such distribution is not so made, the Conversion Price shall be re-adjusted to
the Conversion Price which would then be in effect if such record date had not been fixed or to the Conversion Price which would
then be in effect based upon such shares or rights, options or warrants or evidences of indebtedness or assets actually distributed,
as the case may be. In (iv) of this subsection (c) the term “dividends paid in the ordinary course” shall include the
value of any securities or other property or assets distributed in lieu of cash dividends paid in the ordinary course at the option
of shareholders;

 

    	 	- 7 -	 

     

    

 

		(d)	in any case in which this Section 3.2 shall require that an adjustment shall become effective immediately
after a record date for an event referred to herein, the Corporation may defer, until the occurrence of such event, issuing to
the Holder after such record date and before the occurrence of such event the additional Common Shares issuable upon such conversion
by reason of the adjustment required by such event before giving effect to such adjustment; provided, however, that the Corporation
shall deliver to the Holder an appropriate instrument evidencing the Holder's right to receive such additional Common Shares upon
the occurrence of the event requiring such adjustment and the right to receive any distributions made on such additional Common
Shares declared in favour of holders of record of Common Shares on and after the date of conversion or such later date as the Holder
would, but for the provisions of this subsection (d) have become the holder of record of such additional Common Shares;

 

		(e)	the adjustments provided for in this Section 3.2 are cumulative and shall apply to successive subdivisions,
re-divisions, reductions, combinations, consolidations, distributions, issues or other events resulting in any adjustment under
the provisions of this Section 3.2, provided that, notwithstanding any other provision of this Section, no adjustment of the Conversion
Price shall be required unless such adjustment would require an increase or decrease of at least 1% in the Conversion Price then
in effect; provided however, that any adjustments which by reason of this subsection (e) are not required to be made shall be carried
forward and taken into account in any subsequent adjustment;

 

		(f)	for the purpose of calculating the number of Common Shares outstanding, Common Shares owned by
or for the benefit of the Corporation or its subsidiaries shall not be counted;

 

		(g)	in the event of any question arising with respect to the adjustments provided in this Section 3.2,
such question shall be conclusively determined by a firm of chartered accountants appointed by the Corporation (who may be the
auditors of the Corporation); such accountants shall have access to all necessary records of the Corporation any such determination
shall be binding upon the Corporation and the Holder;

 

		(h)	in case the Corporation shall take any action affecting the Common Shares other than action described
in this Section 3.2, which in the opinion of the directors of the Corporation would materially affect the rights of the Holder,
the Conversion Price shall be adjusted in such manner and at such time, by action of the directors, as the directors in their sole
discretion may determine to be equitable in the circumstances. Failure of the directors to make such an adjustment shall be conclusive
evidence that the directors have determined that it is equitable to make no adjustment in the circumstances; and

 

    	 	- 8 -	 

     

    

 

		(i)	no adjustment in the Conversion Price shall be made in respect of any event described in subsection
3.2(a)(iii), 3.2(b) or 3.2(c) if the Holder is entitled to participate in such event on the same terms mutatis mutandis as if the
Holder had converted the Debenture prior to the effective date or record date, as the case may be, of such event.

 

		3.3	Fractional Shares

 

The Corporation shall
not issue fractional Common Shares upon the conversion of this Debenture and the Holder will receive a cash payment in satisfaction
of any fractional Common Shares determined on the basis of the Conversion Price on the Conversion Date.

 

		3.4	Corporation to Reserve Shares

 

The Corporation covenants
that it will at all times reserve and keep available out of its authorized Common Shares, solely for the purpose of issue upon
conversion of this Debenture such number of Common Shares as shall then be issuable upon the conversion of this Debenture. The
Corporation covenants that all Common Shares which shall be so issuable shall be duly and validly issued as fully paid and non-assessable.

 

		3.5	Taxes on Conversion

 

The Corporation will
from time to time promptly pay or make provision for the payment of any and all Taxes which may be imposed by the laws of Canada
or any province of Canada (except income tax or security transfer tax, if any) which shall be payable with respect to the issuance
or delivery to the Holder, upon the exercise of its right to conversion, of Common Shares of the Corporation pursuant to the terms
of this Debenture.

 

		3.6	Legended Certificates

 

Notwithstanding anything
herein contained, Common Shares issuable upon conversion of this Debenture will only be issued in compliance with the securities
laws of any applicable jurisdiction, and the certificates representing the Common Shares issued will bear all applicable legends.

 

		3.7	Cancellation of Converted Debenture

 

This Debenture converted
in whole or in part under the provisions specified herein shall be forthwith delivered to and cancelled by the Corporation and,
subject to the provisions of Section 3.1(d), no Debenture shall be issued in substitution therefor.

 

		3.8	Certificate as to Adjustment

 

The Corporation shall
from time to time immediately after the occurrence of any event which requires an adjustment or readjustment as provided in Section
3.2, deliver an officer’s certificate to the Holder specifying the nature of the event requiring the same and the amount
of the adjustment necessitated thereby and setting forth in reasonable detail the method of calculation and the facts upon which
such calculation is based, which certificate and the amount of the adjustment specified therein shall be verified by an opinion
of a firm of chartered accountants appointed by the Corporation (who may be the auditors of the Corporation) and, shall be conclusive
and binding on all parties in interest. The Corporation shall, except in respect of any subdivision, re-division, reduction, combination
or consolidation of the Common Shares, forthwith give notice to the Holder in the manner herein provided specifying the event requiring
such adjustment or readjustment and the results thereof, including the resulting Conversion Price; provided that, if the Corporation
has given notice under Section 3.9 covering all the relevant facts in respect of such event, no such notice need be given under
this Section 3.8.

 

    	 	- 9 -	 

     

    

 

		3.9	Notice of Special Matters

 

The Corporation covenants
with the holder that so long as this Debenture remains outstanding, it will give notice to the holder in the manner herein provided,
of its intention to fix a record date for any event referred to in Sections 3.2(a), 3.2(b), or 3.2(c) (other than the subdivision,
re-division, reduction, combination or consolidation of its Common Shares) which may give rise to an adjustment in the Conversion
Price, and, in each case, such notice shall specify the particulars of such event and the record date and the effective date for
such event; provided that the Corporation shall only be required to specify in such notice such particulars of such event as shall
have been fixed and determined on the date on which such notice is given. Such notice shall be given not less than ten (10) days
in each case prior to such applicable record date.

 

ARTICLE
4

EVENTS OF DEFAULT

 

		4.1	Events of Default

 

The Principal, interest
and other monies secured by this Debenture shall become immediately due and payable, whether with or without prior demand therefor,
and the security hereby constituted shall become immediately enforceable in each and every of the following events (each of such
events being hereinafter called an “Event of Default”):

 

		(a)	if the Corporation makes a default in the payment, in whole or in part, of the Principal or interest
thereon or any other monies secured hereby and following notice from the Holder of such failure the default remains unrectified
for a period of ten Business Days;

 

		(b)	if any material representation or warranty contained herein proves to be untrue;

 

		(c)	if the Corporation makes default in the observance or performance of any other covenant, agreement
or condition on the part of the Corporation to be kept, observed or performed, whether herein or in any other agreement or instrument
between the Corporation and the Holder and the default remains unrectified for a period of thirty (30) days;

 

		(d)	if an order is made or an effective resolution is passed for the winding up of the Corporation,
or if a petition is filed for the winding up of the Corporation;

 

		(e)	if the Corporation becomes insolvent, or makes an unauthorized assignment or bulk sale of its assets,
or if a petition in bankruptcy is filed or presented against the Corporation;

 

		(f)	if the Corporation ceases or threatens to cease to carry on its business, or if any proceeding
with respect to the Corporation is commenced under the Companies' Creditors Arrangements Act or the Bankruptcy and Insolvency
Act or any other proceedings is taken for the winding up, dissolution, or liquidation of the Corporation;

 

    	 	- 10 -	 

     

    

 

		(g)	if proceedings are commenced to appoint a receiver/manager, or trustee in respect of the assets
of the Corporation by a court or pursuant to any other agreement; and

 

		(h)	if the securities of Corporation are not posted for trading on a recognized Canadian stock exchange
(which, for greater certainty, includes the TSX Venture Exchange and Canadian Securities Exchange) within six (6) months from the
date hereof.

 

		4.2	Breach

 

The Holder may waive
any breach by the Corporation of any of the provisions contained in this Debenture or any default by the Corporation in the observance
or performance of any covenant, agreement or condition required to be kept, observed or performed by the Corporation under the
terms of this Debenture.

 

ARTICLE
5

MISCELLANEOUS

 

		5.1	Covenants of the Corporation

 

The Corporation hereby covenants and agrees with the Holder
as follows:

 

		(a)	the Corporation covenants and agrees with the Holder that it shall repay all of the Principal and
any interest thereon to the Holder in accordance with the terms hereof; and

 

		(b)	the Corporation shall give notice in writing forthwith to the Holder of the occurrence of any Event
of Default, or other event which with lapse of time and/or giving of notice or otherwise would be an Event of Default, forthwith
upon becoming aware thereof and specifying the nature of such default and/or Event of Default and the steps taken to remedy the
same.

 

		5.2	Failure to Comply

 

If the Corporation
should fail to comply with any covenant or agreement contained herein, the Holder may, but shall not be obligated to, do whatever
is necessary to rectify such failure, and all sums so expended by the Holder or its agent shall forthwith become due and be payable
by the Corporation to the Holder and until paid shall form part of the Principal secured hereby and shall bear interest at the
aforesaid rate.

 

		5.3	Amalgamation

 

The Corporation acknowledges
and agrees that in the event it amalgamates with any other corporation or corporations it is the intention of the Corporation and
the Holder that the term “Corporation” when used herein shall apply to each of the amalgamating corporations
and to the amalgamated corporation.

 

    	 	- 11 -	 

     

    

 

		5.4	Indemnity

 

The Corporation will
indemnify the Holder and its successors and assigns against any and all liabilities, actions, claims, judgments, costs, charges
and reasonable legal fees that may be made against or incurred by the Holder, by reason of the assertion that the Holder has received
funds that may be claimed by third persons, either before or after the payment in full of the Principal, interest and other monies
secured hereby; and the Holder shall have the right to defend against any such claims, actions and charges and claim from the Corporation
all expenses incurred by the Holder in connection therewith, together with all reasonable legal fees as may be paid by the Holder
in connection therewith. It is understood and agreed that the covenants and conditions of this Section 5.4 shall at all times be
construed to be a personal covenant in favour of the Holder, and that such covenants and indemnity shall remain in full force and
effect notwithstanding the payment of the Principal, interest and all other monies secured by this Debenture.

 

		5.5	Assignability

 

The Principal, interest
and other monies hereby secured will be paid by the Corporation and shall be assignable by Holder free from any right of set off
or counterclaim by the Corporation or any equities between the Corporation and the Holder.

 

		5.6	Advances

 

Neither the execution
and delivery nor the registration of this Debenture shall for any reason whatsoever obligate or bind the Holder to advance any
monies, or having advanced a portion obligate the Holder in any way to advance the balance thereof.

 

		5.7	Notices

 

Unless herein otherwise
expressly provided, a notice to be given hereunder will be deemed to be validly given if the notice is sent by courier or registered
mail addressed as follows:

 

		(a)	If to the Holder at the latest address of the Holder as recorded on the register referenced in
ARTICLE 2 herein; and

 

		(b)	If to the Corporation at:

 

Ehave, Inc.

203-277 Lakeshore
Road East

Oakville,
ON L6J 6J3

 

Any notice given as aforesaid
shall conclusively be deemed to have been received by the addressee, if sent by courier, on the next following Business Day and,
if sent by mail, on the fifth day following the posting thereof.

 

		5.8	Receipt

 

The Corporation hereby
acknowledges receipt of a copy of this Debenture, and waives its right to receive a copy of any financing statement, financing
change statement or verification statement filed or registered by the Holder.

 

    	 	- 12 -	 

     

    

 

		5.9	Enurement

 

This Debenture and
all its provisions shall enure to the benefit of the Holder, their successors and assigns and shall be binding upon the Corporation,
its successors and assigns.

 

		5.10	Plural

 

Wherever the singular
or masculine or neuter is used in this Debenture, the same shall be construed as meaning the plural or feminine or body corporate
and vice versa, where the context so requires.

 

		5.11	Waiver

 

No waiver of any right
of the Holder hereof shall be valid unless in writing delivered to the Corporation as herein provided. No amendment hereunder shall
be valid or effective for any purpose unless consented to in writing by the Holder.

 

		5.12	Severability

 

In the event that any
term or provision in this Debenture shall, to any extent, be invalid or unenforceable, the remaining terms and provisions of this
Debenture shall not be affected thereby and shall be valid and enforceable to the fullest extent permitted by applicable law.

 

		5.13	Governing Law

 

This Debenture shall
be governed by and construed in accordance with the laws in force in the Province of Ontario and the federal laws of Canada applicable
therein and for the purposes of any legal proceedings in respect of this Debenture, the Corporation irrevocably submits to the
jurisdiction of the courts of the Province of Ontario. There shall be no application of any conflict of laws rule which is inconsistent
with this section.

 

[Signature Page
to Follow]

 

    	 	- 13 -	 

     

    

 

IN WITNESS WHEREOF the Corporation
has executed this Debenture by its proper officer duly authorized in that behalf as of the ___ day of ___________________, 2018.

 

	 	EHAVE, INC.
	 	 
	 	 
	 	Name:
	 	Title:

 

Signature Page-
Ehave, Inc. -Winter 2018 Debenture Certificate

 

     

     

    

 

SCHEDULE “A”

 

FORM OF ASSIGNMENT

 

FOR VALUE RECEIVED,
the undersigned hereby sells, assigns and transfers unto _______________________________, whose address and social insurance number,
if applicable, are set forth below, this Debenture (or $________________ principal amount hereof*) of EHAVE, INC. standing
in the name(s) of the undersigned in the register maintained by the Corporation with respect to the Debentures and does hereby
irrevocably authorize and direct the Corporation to transfer such Debentures in such register, with full power of substitution
in the premises.

 

	Dated:	 

 

	Address of Transferee:	 
	 	(Street Address, City, Province and Postal Code)

 

	Social Insurance Number of Transferee, if applicable:	 

 

*If less than the full principal amount
of the within Debenture is to be transferred, indicate in the space provided the principal amount (which must be $1,000 or an integral
multiple thereof, unless you hold a Debenture in a non-integral multiple of $1,000, in which case such Debenture is transferable
only in its entirety) to be transferred.

 

The signature(s) to this
assignment must correspond with the name(s) as written upon the face of this Debenture in every particular without alteration or
any change whatsoever. The signature(s) must be guaranteed by a member of an acceptable Medallion Guarantee Program. Notarized
or witnessed signatures are not acceptable as guaranteed signatures. The Guarantor must affix a stamp bearing the actual words:
"SIGNATURE GUARANTEED".

 

The registered holder
of this Debenture is responsible for the payment of any documentary, stamp or other transfer taxes that may be payable in respect
of the transfer of this Debenture.

 

	Signature of Guarantor:	 	 
	 	 	 
	 	 	 
	Authorized Officer	 	Signature of transferring registered holder
	 	 	 
	 	 	 
	Name of Institution	 	 

 

Form
of Assignment - Ehave, Inc. Winter 2018 Debenture Certificate 

 

     

     

    

 

SCHEDULE “B”

 

CONVERSION NOTICE

	TO:	EHAVE, INC.
	 	203-277 Lakeshore Road East
	 	Oakville, ON L6J 6J3
	 	 
	Note:	All capitalized terms used herein have the meaning ascribed thereto in the certificate (the “Certificate”) representing the Debentures to which this conversion notice is attached.

 

The undersigned registered holder of the
Debentures irrevocably elects to convert $_________________* of Principal in accordance with the terms of the Certificate and tenders
herewith the Certificate and the Debentures contemplated thereunder, and, if applicable, directs that the common shares of Ehave,
Inc. (“Common Shares”) issuable upon a conversion be issued and delivered to the person indicated below. (If
the Common Shares are to be issued in the name of a person other than the Holder, all requisite transfer taxes must be tendered
by the undersigned).

 

	Dated:	 	 	 
	 	 	 	(Signature of Registered Holder)

 

	* The conversion amount must be $1,000 or integral multiples thereof.
	 
	NOTE:	If Common Shares are to be issued in the name of a person other than the Holder, the signature must be guaranteed by a member of an acceptable Medallion Guarantee Program. The Guarantor must affix a stamp bearing the actual words: “SIGNATURE GUARANTEED”.
	 	 
	(Print name in which Common Shares are to be issued, delivered and registered)

 

	Name:	 	 

 

	 	 	 
	(Address)	 
	 	 
	 	 
	(City, Province and Postal Code)	 
	 	 
	 	 
	Name of guarantor:	 	 
	 	 	 
	Authorized signature:	 	 

 

Conversion Notice
- Ehave, Inc. - Winter 2018 Debenture Certificate

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