Document:

FORM
OF NON-TRANSFERABLE SUBSCRIPTION RIGHTS CERTIFICATE

 

	RIGHTS
    CERTIFICATE # [______] 	 	NUMBER
    OF RIGHTS: [______] 

 

THE
TERMS AND CONDITIONS OF THE RIGHTS OFFERING ARE SET FORTH IN THE COMPANY’S PROSPECTUS DATED [______], 2018 (THE “PROSPECTUS”)
AND ARE INCORPORATED HEREIN BY REFERENCE. COPIES OF THE PROSPECTUS ARE AVAILABLE UPON REQUEST MACKENZIE PARTNERS, INC., THE INFORMATION
AGENT FOR THE RIGHTS OFFERING AT (800) 322-2885 (TOLL FREE)..

 

GIGGLES
N’ HUGS INC.

(Incorporated
under the laws of the State of Delaware)

 

SUBSCRIPTION
RIGHTS CERTIFICATE

 

Evidencing
non-transferable Subscription Rights, each to purchase Units of Giggles N’ Hugs, Inc.,

each
Unit consisting of one share of Common Stock and 0.70 Warrant to purchase Common Stock

Subscription
Price: $[  ] per Unit

 

THE
SUBSCRIPTION RIGHTS WILL EXPIRE IF NOT EXERCISED ON OR BEFORE 5:00 P.M., EASTERN TIME, ON MARCH 27 , 2018, SUBJECT
TO EXTENSION OR EARLIER TERMINATION.

 

THIS
CERTIFIES THAT the registered owner whose name is inscribed hereon and is the owner of the number of subscription rights set forth
above. Each subscription right entitles the holder thereof to subscribe for and purchase one unit of Giggles N’ Hugs Inc.,
a Nevada corporation, pursuant to the basic subscription right, on the terms and subject to the conditions set forth in the Prospectus
and the “Instructions as to Use of Giggles N’ Hugs Inc. Subscription Rights Certificate” accompanying this Rights
Certificate. Each unit consists of one share of common stock and 0.70 warrant. Each whole warrant entitles the holder to purchase
one share of common stock. Holders who fully exercise their basic subscription rights are entitled to subscribe for additional
units that remain unsubscribed, subject to proration and stock ownership limitations, as described in the Prospectus pursuant
to the over-subscription privilege. The subscription rights may be exercised by duly completing Section 1 on the reverse side
hereof and by returning the full payment of the subscription price. THE RIGHTS EVIDENCED BY NON-TRANSFERABLE SUBSCRIPTION RIGHTS
CERTIFICATE MAY NOT BE EXERCISED UNLESS THE REVERSE SIDE HEREOF IS PROPERLY COMPLETED AND DULY SIGNED, WITH A SIGNATURE MEDALLION
GUARANTEE, IF APPLICABLE.

 

This
Rights Certificate is not valid unless countersigned by West Coast Stock Transfer, Inc., the Subscription Agent.

 

	WITNESS
    the seal of Giggles N’ Hugs Inc. and the signatures of its duly authorized officers.	 	By:
	Dated:
    [______], 2018	 	Joey
    Parsi, Chief Executive Officer 

 

COUNTERSIGNED
AND REGISTERED:

 

By:

 

West
Coast Stock Transfer, Inc.

 

    	 

    	 

    

 

SECTION
1. EXERCISE OF RIGHTS TO PURCHASE

 

PLEASE
PRINT ALL INFORMATION CLEARLY AND LEGIBLY.

 

You
are required initially to pay for both the units subscribed for pursuant to the basic subscription right and the over-subscription
privilege. To subscribe for units pursuant to your basic subscription right, please complete lines (a) and (c) below. To subscribe
for additional units pursuant to your over-subscription privilege, please also complete line (b).

 

	(a)	EXERCISE
    OF BASIC SUBSCRIPTION RIGHT:

 

	 	Basic
    Subscription Right:	 	X	$[  ]	=	$
	 	 	Number
    of Units	 	Subscription
    Price	 	Payment
    Enclosed

 

	(b)	EXERCISE
    OF OVER-SUBSCRIPTION PRIVILEGE: If you have exercised your basic subscription right in full, you may subscribe for additional
    units pursuant to your over-subscription privilege

 

	 	Over
    Subscription Privilege:	 	X	$[  ]	=	$
	 	 	Number
    of Units	 	Subscription
    Price	 	Payment
    Enclosed

 

	(c)	TOTAL
    AMOUNT OF PAYMENT ENCLOSED $______________

 

	METHOD
    OF PAYMENT (CHECK ONE):	☐	 Cashier’s
    check, drawn on a U.S. Bank payable to “West Coast Stock Transfer, Inc., as subscription agent for Giggles N’
    Hugs, Inc.”; or
	 	 	 
	 	☐	Wire
                                         transfer of immediately available funds directly to the account maintained by West Coast
                                         Stock Transfer, Inc., as subscription agent, for purposes of accepting subscriptions
                                         in this rights offering at Bank of America, N.A., 1340 Encinitas Blvd., Encinitas, CA
                                         92024, Credit: West Coast Stock Transfer, Inc. as subscription agent for Giggles N’
                                         Hugs Inc. Rights Offering, ABA Number: 026009593, SWIFT Number: BOFAUS3N, Account # 325083756739,
                                         for further credit to Giggles N’ Hugs Inc., and name of the subscription rights
                                         holder.

 

SECTION
2. SIGNATURE(S)

 

IMPORTANT:
THE SIGNATURE(S) MUST CORRESPOND IN EVERY PARTICULAR, WITHOUT ALTERATION, WITH THE NAME(S) AS PRINTED ON THE FRONT OF THIS NON-TRANSFERABLE
SUBSCRIPTION RIGHTS CERTIFICATE. IF YOU ARE SIGNING ON BEHALF OF A REGISTERED STOCKHOLDER OR ENTITY YOU MUST SIGN IN YOUR LEGAL
CAPACITY WITH YOUR SIGNATURE MEDALLION GUARANTEED. YOUR GUARANTOR (BANK/BROKER) WILL REQUIRE PROOF OF YOUR AUTHORITY TO ACT. CONSULT
YOUR GUARANTOR FOR THEIR SPECIFIC REQUIREMENTS. YOU OR YOUR GUARANTOR MAY ACCESS THE SECURITIES TRANSFER ASSOCIATION (STA) RECOMMENDED
REQUIREMENTS ON-LINE AT WWW.STAI.ORG.

 

	 	 	APPLY
    MEDALLION GUARANTEE STAMP HERE
	 	 	 
	Signature(s)
    of Subscriber(s)	 	 
	 	 	 
	Names(s):	 	 	 
	 	 	 
	Capacity

         

        (Full
        Title):
	 	 	 
	 	 	 	 	 

 

OVERNIGHT
DELIVERY TO THE STREET ADDRESS BELOW BEST ENSURES RECEIPT BY THE EXPIRATION DATE.

 

Return
this statement to:

 

West
Coast Stock Transfer, Inc.

721
N. Vulcan Ave. Ste. 205

Encinitas,
CA 92024Exhibit
4.7

 

FORM
OF WARRANT CERTIFICATE

 

Number
____________

 

WARRANTS

 

THE
WARRANTS SHALL BE VOID IF NOT EXERCISED PRIOR TO

 

THE
EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR

 

IN
THE WARRANT AGREEMENT DESCRIBED BELOW

 

GIGGLES
N’ HUGS, INC.

 

Incorporated
Under the Laws of the State of Delaware

 

CUSIP:
[____________]

 

Warrant
Certificate

 

This
Warrant Certificate certifies that _______________, or its registered assigns, is the registered holder of warrant(s)
(the “Warrants” and each, a “Warrant”) to purchase shares of Common Stock, $0.001 par value
per share (“Common Stock”), of Giggles N’ Hugs, Inc., a Nevada corporation (the “Company”).
Each Warrant entitles the holder, upon exercise during the period set forth in the Warrant Agreement referred to below, to receive
from the Company that number of fully paid and nonassessable shares of Common Stock as set forth below, at the exercise price
(the “Exercise Price”), as determined pursuant to the Warrant Agreement, payable in lawful money of the United
States of America (or through “cashless exercise” as provided for in the Warrant Agreement), subject to the conditions
set forth herein and in the Warrant Agreement. Defined terms used in this Warrant Certificate but not defined herein shall have
the meanings given to them in the Warrant Agreement (as defined on the reverse hereof).

 

Each
Warrant is initially exercisable for one fully paid and non-assessable share of Common Stock. The number of shares of Common Stock
issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events set forth in the Warrant
Agreement.

 

The
initial Exercise Price per share of Common Stock for any Warrant is equal to $ [●] per share. The Exercise Price is
subject to adjustment upon the occurrence of certain events set forth in the Warrant Agreement.

 

Subject
to the conditions set forth in the Warrant Agreement, the Warrants may be exercised only during the Exercise Period and to the
extent not exercised by the end of such Exercise Period, such Warrants shall become void.

 

Reference
is hereby made to the further provisions of this Warrant Certificate set forth on the reverse hereof and such further provisions
shall for all purposes have the same effect as though fully set forth at this place.

 

This
Warrant Certificate shall not be valid unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement.

 

This
Warrant Certificate shall be governed by and construed in accordance with the internal laws of the State of Nevada, without regard
to conflicts of laws principles thereof.

 

    	 	 	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Warrant Certificate to be duly executed as of the date first above written.

 

	 	GIGGLES
    N’ HUGS, INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 
	 	[          ],
	 	as
    Warrant Agent
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature
Page to Warrant Certificate]

 

    	 	 	 

     

    

 

[Form
of Warrant Certificate]

 

[Reverse]

 

The
Warrants evidenced by this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise
to receive shares of Common Stock and are issued or to be issued pursuant to a Warrant Agreement dated as of ___________, 2018
(the “Warrant Agreement”), duly executed and delivered by the Company to [  ], as warrant agent (the
“Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part of this instrument
and is hereby referred to for a description of the rights, limitation of rights, obligations, duties and immunities thereunder
of the Warrant Agent, the Company and the holders (the words “holders” or “holder” meaning the Registered
Holders or Registered Holder) of the Warrants. A copy of the Warrant Agreement may be obtained by the holder hereof upon written
request to the Company. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to
them in the Warrant Agreement.

 

Warrants
may be exercised at any time during the Exercise Period set forth in Section [  ] of the Warrant Agreement.

 

 The
Warrant Agreement provides that upon the occurrence of certain events the number of shares of Common Stock issuable upon exercise
of the Warrants set forth on the face hereof may, subject to certain conditions, be adjusted. If, upon exercise of a Warrant,
the holder thereof would be entitled to receive a fractional interest in a share of Common Stock, the Company shall, upon exercise,
rounded up to the nearest whole number of shares of Common Stock to be issued to the holder of the Warrant.

 

Warrant
Certificates, when surrendered at the principal corporate trust office of the Warrant Agent by the Registered Holder thereof in
person or by legal representative or attorney duly authorized in writing, may be exchanged, in the manner and subject to the limitations
provided in the Warrant Agreement, but without payment of any service charge, for another Warrant Certificate or Warrant Certificates
of like tenor evidencing in the aggregate a like number of Warrants.

 

Upon
due presentation for registration of transfer of this Warrant Certificate at the office of the Warrant Agent, a new Warrant Certificate
or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s)
in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except
for any tax or other governmental charge imposed in connection therewith.

 

The
Company and the Warrant Agent may deem and treat the Registered Holder(s) hereof as the absolute owner(s) of this Warrant Certificate
(notwithstanding any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of
any distribution to the holder(s) hereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected
by any notice to the contrary. Neither the Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a
stockholder of the Company.

 

    	 	 	 

     

    

 

Election
to Purchase

 

(To
Be Executed Upon Exercise of Warrant)

 

The
undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive shares of Common
Stock and herewith tenders payment for such shares to the order of Giggles N’ Hugs, Inc. (the “Company”)
in the amount of $[  ] in accordance with the terms hereof. The undersigned requests that a certificate for such shares
be registered in the name of ______________, whose address is _____________________________, and that such shares be delivered
to ______________, whose address is _____________________________. If said number of shares is less than all of the shares of
Common Stock purchasable hereunder, the undersigned requests that a new Warrant Certificate representing the remaining balance
of such shares be registered in the name of ______________, whose address is _____________________________, and that such Warrant
Certificate be delivered to ______________, whose address is _____________________________.

 

In
the event that the Warrant is to be exercised on a “cashless” basis pursuant to Section [  ] of the
Warrant Agreement, the number of shares that the Warrants are exercisable for shall be determined in accordance with Section
[  ] of the Warrant Agreement.

 

a
“Cash Exercise” with respect to ______________ Warrant Shares; and/or

 

a
“Cashless Exercise” with respect to _____________ Warrant Shares, resulting in a delivery obligation by the
Company to the Holder of shares of Common Stock representing the applicable Net Number, subject to adjustment.

 

In
the event that the Warrant may be exercised, to the extent allowed by the Warrant Agreement, through cashless exercise (i) the
number of shares that the Warrants are exercisable for shall be determined in accordance with the relevant section of the Warrant
Agreement which allows for such cashless exercise and (ii) the holder hereof shall complete the following: The undersigned hereby
irrevocably elects to exercise the right, represented by this Warrant Certificate, through the cashless exercise provisions of
the Warrant Agreement, to receive shares of Common Stock. If said number of shares is less than all of the shares of Common Stock
purchasable hereunder (after giving effect to the cashless exercise), the undersigned requests that a new Warrant Certificate
representing the remaining balance of such shares be registered in the name of ______________, whose address is _____________________________,
and that such Warrant Certificate be delivered to ______________, whose address is _____________________________.

 

	Date:
    __________, 20__	(Signature)
	 	 
	 	(Address)
	 	 
	 	(Tax
    Identification Number)

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