Document:

Exhibit 10.25 

 

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

 

Home
Bistro, Inc.

 

Convertible
Note

 

	Issuance
    Date: May 26, 2021	Original
    Principal Amount:	$285,000.00
	Note
    No. HBIS-1	Consideration
    Paid at Close:	$285,000.00

 

FOR
VALUE RECEIVED, Home Bistro, Inc., a Nevada corporation with a par value of $0.001 per common share (“Par Value”) (the
“Company”), hereby promises to pay to the order of Auctus Fund, LLC, a Delaware limited liability company, or registered
assigns (the “Holder”) the amount set out above as the Original Principal Amount (the “Note”) (as reduced
pursuant to the terms hereof pursuant to redemption, conversion or otherwise, the “Principal”) when due, whether upon
the Maturity Date (as defined herein), acceleration, redemption or otherwise (in each case in accordance with the terms hereof) and to
pay interest (“Interest”) on any outstanding Principal at the applicable Interest Rate from the date set out above
as the Issuance Date (the “Issuance Date”) until the same becomes due and payable, upon the Maturity Date or acceleration,
conversion, redemption or otherwise (in each case in accordance with the terms hereof).

 

The
Original Principal Amount is $285,000.00 plus accrued and unpaid interest and any other fees. The Consideration is $285,000.00 payable
by wire transfer. The Holder shall pay $285,000.00 of Consideration upon closing of this Note pursuant to a disbursement authorization
dated as of the Issuance Date and signed by the Company.

 

(1)
GENERAL TERMS.

 

(a)
Payment of Principal. The “Maturity Date” shall be May 26, 2022, as may be extended at the option of the Holder
in the event that, and for so long as, an Event of Default (as defined below) shall not have occurred and be continuing on the Maturity
Date (as may be extended pursuant to this Section 1) or any event shall not have occurred and be continuing on the Maturity Date (as
may be extended pursuant to this Section 1) that with the passage of time and the failure to cure would result in an Event of Default.

 

(b)
Interest. A one-time interest charge of ten percent (10%) (“Interest Rate”) of the Principal, equal to $28,500.00,
shall be guaranteed and earned in full as of the Issuance Date. Interest hereunder shall be paid on the Maturity Date (or sooner as provided
herein) to the Holder or its assignee in whose name this Note is registered on the records of the Company regarding registration and
transfers of Notes in cash or converted into share of common stock of the Company (“Common Stock”) at the Conversion Price
as further provided in this Note and at the Holder’s discretion.

 

     

     

    

 

(c)
Mandatory Monthly Payments.
Beginning on August 26, 2021 and continuing on the 10th calendar day of every consecutive calendar month through the
Maturity Date (for the avoidance of doubt, the total number of payments to be made shall be equal to ten (10)), the Company shall
make consecutive cash payments of $31,350.00 to the Holder (each a “Monthly Payment”) as per the payment schedule
attached hereto as Exhibit B. If the 10th calendar day of any calendar month is not on a business day, then the Company
shall make the respective Monthly Payment on the immediate next business day. All payments shall be made by bank wire transfer
to the Holder’s wire instructions, attached hereto as Exhibit C.

 

 (d) [Intentionally Omitted].

 

(e)
Moratorium on Variable Securities. So long as this Note is outstanding, the Company shall not at any time make any Variable Security
Issuances (as defined below) to any party other than Holder without Holder’s prior written consent, which consent may be granted
or withheld in Holder’s sole and absolute discretion. “Variable Security Issuance” shall mean any issuance of any security
that (i) has or may have conversion rights of any kind, contingent, conditional or otherwise, in which the number of shares that may
be issued pursuant to such conversion right varies with the market price of the Common Stock, or (ii) is or may become convertible into
Common Stock (including without limitation convertible debt, debentures, warrants or convertible preferred stock), with a conversion
price that varies with the market price of the Common Stock, even if such security only becomes convertible following an event of default,
the passage of time, or another trigger event or condition. For avoidance of doubt, the issuance of shares of Common Stock under, pursuant
to, in exchange for or in connection with any contract or instrument, whether convertible or not, is deemed a Variable Security Issuance
for purposes hereof if the number of shares of Common Stock to be issued is based upon or related in any way to the market price of the
Common Stock, which, depending upon the terms therein, may include (but is limited to) Common Stock issued in connection with a Section
3(a)(9) exchange, a Section 3(a)(10) settlement, or any other similar settlement or exchange.

 

 (2) EVENTS OF DEFAULT.

 

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

 

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

 

 (ii) A Conversion Failure as defined in section 3(b)(ii)

 

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

 

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

 

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

 

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

 

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

 

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

 

(ix)
The Company shall fail to reserve and keep available out of its authorized Common Stock a number of shares equal to at least five (5)
times the full number of shares of Common Stock issuable upon conversion of all outstanding amounts under this Note;

 

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

 

 (xi) Failure to comply with Section 1(d) of this Note;

 

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

 

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

 

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

 

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

 

(b)
Upon the occurrence of any Event of Default (without the need for any party to give any notice or take any other action), the then outstanding
balance of this Note (the “Outstanding Balance”) shall immediately and automatically increase to 140% of the Outstanding
Balance immediately prior to the occurrence of the Event of Default (the “Default Sum”). Upon the occurrence of any Event
of Default, the Note shall become immediately due and payable and the Company shall pay to the Holder, in full satisfaction of its obligations
hereunder, an amount equal to the Default Sum, all without demand, presentment or notice, all of which hereby are expressly waived, together
with all costs, including, without limitation, legal fees and expenses, of collection, and the Holder shall be entitled to exercise all
other rights and remedies available at law or in equity.

 

(3) CONVERSION
OF NOTE. This Note shall be convertible into shares of the Company’s Common Stock, on the terms and conditions set forth
in this Section 3.

 

(a)
Conversion Right. Subject to the provisions of Section 3(c), at any time or times on or after the occurrence of an Event of Default
and during the period provided for in Section 3(d)(ii) of this Note, the Holder shall be entitled to convert any portion of the Default
Sum into fully paid and nonassessable shares of Common Stock in accordance with Section 3(b), at the Conversion Price (as defined below).
The number of shares of Common Stock issuable upon conversion of any Conversion Amount pursuant to this Section 3(a) shall be equal to
the quotient of dividing the Conversion Amount (as defined below) by the Conversion Price. The Company shall not issue any fraction of
a share of Common Stock upon any conversion. If the issuance would result in the issuance of a fraction of a share of Common Stock, the
Company shall round such fraction of a share of Common Stock up to the nearest whole share. The Company shall pay any and all transfer
agent fees, legal fees, costs and any other fees or costs that may be incurred or charged in connection with the issuance of shares of
the Company’s Common Stock to the Holder arising out of or relating to the conversion of this Note.

 

(i)
“Conversion Amount” means the portion of the Default Sum (including but not limited to the Original Principal Amount,
Interest, penalties, and all other amounts owed under this Note) to be converted with respect to which this determination is being made.

 

(ii)
“Conversion Price:” The Conversion Price shall equal $0.70, subject to adjustment as provided in this Note.

 

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 (b) Mechanics of Conversion.

 

(i)
Optional Conversion. To convert any Conversion Amount into shares of Common Stock on any date that the Holder is permitted
to effectuate a conversion pursuant to the terms of this Note (a “Conversion Date”), the Holder shall (A) transmit
by email, facsimile, or other form of delivery, on or prior to 11:59 p.m., New York, NY Time, on such date, a copy of an executed
notice of conversion in the form attached hereto as Exhibit A (the “Conversion Notice”) to the Company.
On or before the second (2nd) Trading Day (as defined below) following the date of Holder’s transmission of a
Conversion Notice (the “Share Delivery Date”), the Company shall (A) if legends are not required to be placed
on certificates of Common Stock pursuant to the then existing provisions of Rule 144 of the Securities Act of 1933 (“Rule
144”) or any other applicable exemption or registration and provided that the Transfer Agent is participating in the Depository
Trust Company’s (“DTC”) Fast Automated Securities Transfer Program, credit such aggregate number of shares
of Common Stock to which the Holder shall be entitled to the Holder’s or its designee’s balance account with DTC through
its Deposit Withdrawal Agent Commission system or (B) if legends are not required to be placed on certificates of Common Stock
pursuant to the then existing provisions of Rule 144 or any other applicable exemption or registration and if the Transfer Agent
is not participating in the DTC Fast Automated Securities Transfer Program, issue and deliver to the address as specified in the
Conversion Notice, a certificate, registered in the name of the Holder or its designee, for the number of shares of Common Stock
to which the Holder shall be entitled which certificates shall not bear any restrictive legends or (C) if a restrictive legend
is required to be placed on certificates of Common Stock pursuant to the then existing federal securities laws, issue and deliver
to the address as specified in the Conversion Notice, a certificate, registered in the name of the Holder or its designee, for
the number of shares of Common Stock to which the Holder shall be entitled which certificates shall bear the applicable restrictive
legend. If this Note is physically surrendered for conversion and the outstanding Principal of this Note is greater than the Principal
portion of the Conversion Amount being converted, then the Company shall, upon request of the Holder, as soon as practicable and
in no event later than three (3) Business Days after receipt of this Note and at its own expense, issue and deliver to the holder
a new Note representing the outstanding Principal not converted. The Person or Persons entitled to receive the shares of Common
Stock issuable upon a conversion of this Note shall be treated for all purposes as the record holder or holders of such shares
of Common Stock upon the transmission of a Conversion Notice. “Trading Day” shall mean any day during which the Primary
Market on which the Common Stock is then listed or quoted shall be open for business, provided, however, that if the Common Stock
is not then listed or quoted on any Principal Market, then any calendar day.

 

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

 

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

 

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

 

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

 

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

 

(iv)
DTC Eligibility & Sub-Penny. If the Company fails to maintain its status as “DTC Eligible” for any reason, or,
if the effective Conversion Price is less than $0.01 at any time (regardless of whether or not a Conversion Notice has been submitted
to the Company), the Principal Amount of the Note shall increase by ten thousand dollars ($10,000) (under Holder’s and Company’s
expectation that any Principal Amount increase will tack back to the Issuance Date).

 

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

 

 (c) Limitations on Conversions or Trading.

 

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

 

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

 

 (d) Other Provisions.

 

(i)
Share Reservation. The Company shall at all times reserve and keep available out of its authorized Common Stock a number of
shares equal to the greater of (i) 2,239,285 or (ii)five (5) times the full number of shares of Common Stock issuable upon conversion
of all outstanding amounts under this Note; and within three (3) Business Days following the receipt by the Company of a Holder’s
notice that such minimum number of shares of Common Stock is not so reserved, the Company shall promptly reserve a sufficient number
of shares of Common Stock to comply with such requirement.

 

(ii)
Prepayment. At any time following the Issuance Date, and so long as an Event of Default has not occurred under this Note, the
Company shall have the option, upon 10 business days’ notice to Holder, to pre-pay the entire remaining outstanding principal amount
of this Note in cash, provided that (i) the Company shall pay the Holder 100% of the Outstanding Balance, (ii) such amount must be paid
in cash on the next business day following such 10 business day notice period, and (iii) notwithstanding anything in this Note
to the contrary, the Holder shall have the right to convert this Note pursuant to the terms hereof at all times until such prepayment
amount has been received in full. Except as set forth in this Section the Company may not prepay this Note in whole or in part.

 

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

 

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(iv)
Dilutive Issuances. If the Company, at any time while this Note or any amounts due hereunder are outstanding, issues, sells or
grants any option to purchase, or sells or grants any right to reprice, or otherwise disposes of, or issues (or announces any sale, grant
or any option to purchase or other disposition), any Common Stock or other securities convertible into, exercisable for, or otherwise
entitle any person or entity the right to acquire, shares of Common Stock (including, without limitation, upon conversion of this Note,
and any convertible notes or warrants outstanding as of or following the Issuance Date), in each or any case at an effective price per
share that is lower than the then Conversion Price (such lower price, the “Base Conversion Price” and such issuances, collectively,
a “Dilutive Issuance”) (it being agreed that if the holder of the Common Stock or other securities so issued shall at any
time, whether by operation of purchase price adjustments, reset provisions, floating conversion, exercise or exchange prices or otherwise,
or due to warrants, options or rights per share which are issued in connection with such issuance, be entitled to receive shares of Common
Stock at an effective price per share that is lower than the Conversion Price, such issuance shall be deemed to have occurred for less
than the Conversion Price on such date of the Dilutive Issuance), then the Conversion Price shall be reduced, at the option of the Holder,
to a price equal to the Base Conversion Price. Such adjustment shall be made whenever such Common Stock or other securities are issued.
By way of example, and for the avoidance of doubt, if the Company issues a convertible promissory note (including but not limited to
a Variable Security Issuance), and the holder of such convertible promissory note has the right to convert it into Common Stock at an
effective price per share that is lower than the then Conversion Price (including but not limited to a conversion price with a discount
that varies with the trading prices of or quotations for the Common Stock), then the Holder has the right to reduce the Conversion Price
to such Base Conversion Price (including but not limited to a conversion price with a discount that varies with the trading prices of
or quotations for the Common Stock) in perpetuity regardless of whether the holder of such convertible promissory note ever effectuated
a conversion at the Base Conversion Price. In the event of an issuance of securities involving multiple tranches or closings, any adjustment
pursuant to this Section shall be calculated as if all such securities were issued at the initial closing. Notwithstanding the foregoing,
no adjustment will be made under this Section 3(d)(iv) in respect of an Exempt Issuance. An “Exempt Issuance” shall mean
the issuance of (a) shares of Common Stock or other securities to officers, directors, or key consultants and/or service providers of
the Company, by a majority of the non-employee members of the Company’s Board of Directors or a majority of the members of a committee
of non- employee directors established for such purpose in a manner which is consistent with the Company’s prior business practices;
(b) securities issued pursuant to a merger, consolidation, acquisition or similar business combination approved by a majority of the
disinterested directors of the Company, provided that any such issuance shall only be to a Person (or to the equity holders of a Person)
which is, itself or through its subsidiaries, an operating company or an owner of an asset in a business synergistic with the business
of the Company and shall provide to the Company additional benefits in addition to the investment of funds, but shall not include a transaction
in which the Company is issuing securities primarily for the purpose of raising capital or to an entity whose primary business is investing
in securities; (c) securities issued pursuant to any equipment loan or leasing arrangement, real property leasing arrangement or debt
financing from a bank or similar financial institution approved by a majority of the disinterested directors of the Company provided
that any such securities are not convertible or exercisable into the Company’s Common Stock; or (d) securities issued with respect
to which the Holder waives its rights in writing under this Section 3(d)(iv). “Person” and “Persons” means an
individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization, any
other entity and any governmental entity or any department or agency thereof.

 

(v)
All calculations under this Section 3 shall be rounded up to the nearest $0.00001 or whole share.

 

(vi)
Nothing herein shall limit a Holder’s right to pursue actual damages or declare an Event of Default pursuant to Section 2 herein
for the Company’s failure to deliver shares of Common Stock upon conversion within the period specified herein and such Holder
shall have the right to pursue all remedies available to it at law or in equity including, without limitation, a decree of specific performance
and/or injunctive relief, in each case without the need to post a bond or provide other security. The exercise of any such rights shall
not prohibit the Holder from seeking to enforce damages pursuant to any other Section hereof or under applicable law.

 

(4)
SECTION 3(A)(9) OR 3(A)(10) TRANSACTION. So long as this Note is outstanding, the Company shall not enter into any transaction
or arrangement structured in accordance with, based upon, or related or pursuant to, in whole or in part, either Section 3(a)(9) of the
Securities Act (a “3(a)(9) Transaction”) or Section 3(a)(10) of the Securities Act (a “3(a)(10) Transaction”).
In the event that the Company does enter into, or makes any issuance of Common Stock related to a 3(a)(9) Transaction or a 3(a)(10) Transaction
while this note is outstanding, a liquidated damages charge of 25% of the outstanding principal balance of this Note, but not less than
$25,000, will be assessed and will become immediately due and payable to the Holder at its election in the form of cash payment or addition
to the balance of this Note.

 

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(5)
PIGGYBACK REGISTRATION RIGHTS. The Company shall include on the next registration statement the Company files with SEC (or on
the subsequent registration statement if such registration statement is withdrawn) all shares issuable upon conversion of this Note.
Failure to do so will result in liquidated damages of 25% of the outstanding principal balance of this Note, but not less than $25,000,
being immediately due and payable to the Holder at its election in the form of cash payment or addition to the balance of this Note.

 

 (6) REISSUANCE OF THIS NOTE.

 

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

 

(b)
Lost, Stolen or Mutilated Note. Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft,
destruction or mutilation of this Note, and, in the case of loss, theft or destruction, of any indemnification undertaking by the Holder
to the Company in customary form and, in the case of mutilation, upon surrender and cancellation of this Note, the Company shall execute
and deliver to the Holder a new Note representing the outstanding Principal.

 

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

 

The
addresses for such communications shall be:

 

If to the Company, to:

 

Home
Bistro, Inc.

4014
Chase Avenue, #212

Miami Beach, FL 33140

Attn: Zalmi Duchman

Email: zalmid@gmail.com

 

If
to the Holder:

 

Auctus
Fund, LLC

545
Boylston Street, 2nd Floor

Boston, MA 02116

 

    9

     

    

 

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

 

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

 

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

 

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

 

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

 

(13)
SEVERABILITY. In the event that any provision of this Note is invalid or unenforceable under any applicable statute or rule of
law (including any judicial ruling), then such provision shall be deemed inoperative to the extent that it may conflict therewith and
shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under
any law shall not affect the validity or enforceability of any other provision of this Note.

 

 

[Signature
Page Follows]

 

    10

     

    

 

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

 

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

 

 

	 	HOLDER:
	 	 	 
		Auctus Fund, LLC
	 	 	 
	 	By:	/s/ Lou Posner
	 	Name:	Lou Posner
	 	Title:	Managing Director

 

 

[Signature
Page to Convertible Note No. HBIS-1]

 

    11

     

    

 

EXHIBIT
A

 

CONVERSION
NOTICE

 

Home
Bistro, Inc.

4014
Chase Avenue, #212

Miami Beach, FL 33140

Attn:
Zalmi Duchman

[Contact
Email Address}

 

The undersigned
hereby elects to convert a portion of the $________ Convertible Note _______ issued to ______________________ on ____________
into _____________ Shares of Common Stock of ____________ according to the conditions set forth in such Note as of the date written
below.

 

By
accepting this notice of conversion, you are acknowledging that the number of shares to be delivered represents less than 10% (ten percent)
of the common stock outstanding. If the number of shares to be delivered represents more than 9.99% of the common stock outstanding,
this conversion notice shall immediately automatically extinguish and debenture Holder must be immediately notified.

 

	Date of Conversion:	 	 
	 	 	 
	Conversion Amount:	 	 
	 	 	 
	Conversion Price:	 	 
	 	 	 
	Shares to be Delivered:	 	 

 

 

Shares
delivered in name of:

 

 

	Signature:	 	 
	 	By:	 
	 	Title:	 

 

    A-1

     

    

 

EXHIBIT
B

 

PAYMENT SCHEDULE

 

    B-1

     

    

 

EXHIBIT
C

 

WIRE INSTRUCTIONS

 

    C-1Exhibit 10.26

 

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

 

HOME BISTRO, INC.

 

WARRANT TO PURCHASE SHARES
OF COMMON STOCK

 

1.
Issuance. In consideration of good and valuable consideration as set forth in the Purchase Agreement (defined below), including
without limitation the Purchase Price (as defined in the Purchase Agreement) of the Note (as defined herein), the receipt and
sufficiency of which are hereby acknowledged by Home
bistro, inc., a Nevada corporation (the “Company”);
AUCTUS FUND, LLC, a Delaware
limited liability company, its successors and/or registered assigns (the “Holder”), is hereby
granted the right to purchase at any time on or after the Issue Date (as defined below) until the date which is the last calendar
day of the month in which the fifth anniversary of the Issue Date occurs (the “Expiration Date”), 150,000 fully
paid and nonassessable shares (the “Warrant Shares”) of the Company’s common stock, par value $0.001
per share (the “Common Stock”), as such number of Warrant Shares may be adjusted from time to time pursuant
to the terms and conditions of this Warrant to Purchase Shares of Common Stock (this “Warrant”). This Warrant
is being issued pursuant to the terms of that certain Securities Purchase Agreement dated May 26, 2021, to which the Company and
the Holder are parties (as the same may be amended from time to time, the “Purchase Agreement”).

 

Unless
otherwise indicated herein, capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Purchase
Agreement.

 

This Warrant was originally issued to the Holder
on May 26, 2021 (the “Issue Date”).

 

 2. Exercise of Warrant.

 

2.1. General.

 

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

 

     

     

    

 

For
purposes of this Warrant, the term “Trading Day” means any day during which the principal market on which the
Common Stock is then listed or quoted (the “Principal Market”) shall be open for business, provided, however,
that if the Common Stock is not then listed or quoted on any Principal Market, then any calendar day.

 

(b) To
the extent that this Warrant is not previously exercised and in the event that: (i) the Warrant Shares are not registered for
resale under the 1933 Act at prevailing market prices (and not fixed prices) by the Holder pursuant to an effective
non-stale registration statement at the time of the respective exercise under this Warrant; and (ii) if the Market Price (as
defined below) of one Warrant Share is greater than the Exercise Price (as defined below), then the Holder may elect to
receive Warrant Shares, in lieu of a cash exercise, equal to the value of this Warrant determined in the manner described
below (or of any portion thereof remaining unexercised) by submitting a Notice of Exercise, in which event the Company shall
issue to Holder a number of Shares computed using the following formula:

 

 

	X = 	Y (A-B)
	 	A

 

	 	Where	X =	 	the number of Warrant Shares to be issued to Holder.
	 	 	 	 	 
	 	 	Y =	 	the number of Warrant Shares that the Holder elects to purchase under this Warrant (at the date of such calculation).
	 	 	 	 	 
	 	 	A =	 	the Market Price (at the date of such calculation).
	 	 	 	 	 
	 	 	B =	 	Exercise Price (as defined herein and as adjusted to the date of such
    calculation).

 

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

 

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

 

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

 

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

 

“Exercise Price” shall mean $1.50
per share of Common Stock, subject to adjustments herein.

 

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

 

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

 

    2

     

    

 

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

 

(d) Upon
the appropriate payment to the Company, if any, of the Exercise Price for the Warrant Shares, together with the surrender of
this Warrant (if required), the Company shall promptly, but in no case later than the date that is two (2) Trading Days
following the date the Exercise Price is paid to the Company (or with respect to a “cashless exercise,” the date
that is two (2) Trading Days following the Exercise Date) (the “Delivery Date”), deliver or cause the
Company’s transfer agent to deliver the applicable number of Warrant Shares to the Holder to which the Holder shall be
entitled pursuant to the Notice of Exercise. Such delivery shall be made, at the Holder’s option, either (i)
electronically via the Deposit/Withdrawal at Custodian (“DWAC”) system to the account designated by the
Holder or (ii) physically via a certificate, registered in the name of the Holder or its designee, for the number of Warrant
Shares to which the Holder shall be entitled pursuant to the Notice of Exercise. For the avoidance of doubt, the Company has
not met its obligation to deliver Warrant Shares by the Delivery Date unless the transfer agent has posted the shares for
DWAC pickup and the Holder or its broker, as applicable, has been notified of this availability, or if delivery of a physical
certificate has been requested by the Holder, then the Holder or its broker, in Holder’s sole discretion, has actually
received the certificate representing the applicable Warrant Shares no later than the close of business on the relevant
Delivery Date pursuant to the terms set forth above.

 

(e)
If Warrant Shares are delivered later than as required under subsection (d) immediately above, the Company agrees to pay, in
addition to all other remedies available to the Holder in the Transaction Documents, a late charge equal to the greater of
(i) $2,000.00 and (ii) 2% of the product of (1) the sum of the number of shares of Common Stock not issued to the Holder on a
timely basis and to which the Holder is entitled multiplied by (2) the Closing Price of the Common Stock on the Trading Day
immediately preceding the last possible date which the Company could have issued such shares of Common Stock to the Holder
without violating this Warrant, per Trading Day until such Warrant Shares are delivered. The Company shall pay any late
charges incurred under this subsection in immediately available funds upon demand; provided, however, that, at the
option of the Holder (without notice to the Company), such amount owed may be added to the principal amount of the Note.
Furthermore, in addition to any other remedies which may be available to the Holder, in the event that the Company fails for
any reason to effect delivery of the Warrant Shares as required under subsection (d) immediately above, the Holder may revoke
all or part of the relevant Warrant exercise by delivery of a notice to such effect to the Company, whereupon the Company and
the Holder shall each be restored to their respective positions immediately prior to the exercise of the relevant portion of
this Warrant, except that the late charge described above shall be payable through the date notice of revocation or
rescission is given to the Company. In addition to any other rights available to the Holder, if the Company fails to cause
the Company’s transfer agent to transmit to the Holder the Warrant Shares in accordance with the provisions of this
Warrant pursuant to an exercise on or before the respective Delivery Date, and if after such date the Holder is required by
its broker to purchase (in an open market transaction or otherwise) or the Holder’s brokerage firm otherwise purchases,
shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated
receiving upon such exercise (a “Buy-In”), then the Company shall (A) pay in cash to the Holder, within one (1)
business day of Holder’s request, the amount, if any, by which (x) the Holder’s total purchase price (including
brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (y) the product of (1) the number of
Warrant Shares that the Company was required to deliver to the Holder in connection with the exercise at issue times (2) the
price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the
Holder, either reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not
honored (in which case such exercise shall be deemed rescinded) or deliver to the Holder within two (2) business days of
Holder’s request the number of shares of Common Stock that would have been issued had the Company timely complied with
its exercise and delivery obligations hereunder. For example, if the Holder purchases, or effectuates a cashless exercise
hereunder for, Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise
of shares of Common Stock with an aggregate sale price giving rise to such purchase obligation of $10,000, under clause (A)
of the immediately preceding sentence, the Company shall be required to pay the Holder $1,000. The Holder shall provide the
Company written notice indicating the amounts payable to the Holder in respect of the Buy-In and, upon request of the
Company, evidence of the amount of such loss. Nothing herein shall limit a Holder’s right to pursue any other remedies
available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or
injunctive relief with respect to the Company’s failure to timely deliver shares of Common Stock upon exercise of the
Warrant as required pursuant to the terms hereof.

 

    3

     

    

 

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

 

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

 

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

 

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

 

    4

     

    

 

 5. Certain Adjustments.

 

5.1. Capital
Adjustments. If the Company at any time on or after the Issue Date subdivides (by any stock split, stock
dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number
of shares, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced and the number
of Warrant Shares will be proportionately increased. If the Company at any time on or after the Issue Date combines (by
combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller
number of shares, the Exercise Price in effect immediately prior to such combination will be proportionately increased and
the number of Warrant Shares will be proportionately decreased. Any adjustment under this Section 5.1 shall become effective
at the close of business on the date the subdivision or combination becomes effective. Each such adjustment of the Exercise
Price shall be calculated to the nearest one-hundredth of a cent. Such adjustment shall be made successively whenever any
event covered by this Section 5.1 shall occur.

 

5.2. Fundamental
Transactions. If, at any time while this Warrant is outstanding, (i) the Company effects any merger of the Company with
or into another entity and the Company is not the surviving entity (such surviving entity, the “Successor
Entity”), (ii) the Company effects any sale of all or substantially all of its assets in one or a series of related
transactions, (iii) any tender offer or exchange offer (whether by the Company or by another individual or entity, and
approved by the Company) is completed pursuant to which holders of Common Stock are permitted to tender or exchange their
shares of Common Stock for other securities, cash or property and the holders of at least 50% of the Common Stock accept such
offer, or (iv) the Company effects any reclassification of the Common Stock or any compulsory share exchange pursuant to
which the Common Stock is effectively converted into or exchanged for other securities, cash or property (other than as a
result of a subdivision or combination of shares of Common Stock) (in any such case, a “Fundamental
Transaction”), then, upon any subsequent exercise of this Warrant, the Holder shall have the right to receive the
number of shares of Common Stock of the Successor Entity or of the Company and any additional consideration (the
“Alternate Consideration”) receivable upon or as a result of such reorganization, reclassification,
merger, consolidation or disposition of assets by a holder of the number of shares of Common Stock for which this Warrant is
exercisable immediately prior to such event (disregarding any limitation on exercise contained herein solely for the purpose
of such determination). For purposes of any such exercise, the determination of the Exercise Price shall be
appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in
respect of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Exercise Price
among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the
Alternate Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be
received in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it
receives upon any exercise of this Warrant following such Fundamental Transaction. To the extent necessary to effectuate the
foregoing provisions, any Successor Entity in such Fundamental Transaction shall issue to the Holder a new warrant consistent
with the foregoing provisions and evidencing the Holder’s right to exercise such warrant into Alternate
Consideration.

 

    5

     

    

 

5.3. Dilutive
Issuances. If the Company or any subsidiary thereof, as applicable, at any time while this Warrant is outstanding, shall
sell or grant any option to purchase, or sell or grant any right to re-price, or otherwise dispose of or issue (or
announce any offer, sale, grant or any option to purchase or other disposition) any Common Stock, in each case pursuant to an
option or warrant, entitling any Person to acquire shares of Common Stock at an effective price per share less than the then
Exercise Price (such lower price, the “Base Share Price” and such issuances collectively, a
“Dilutive Issuance”) (if the holder of the option or warrant so issued shall at any time, whether by
operation of purchase price adjustments, reset provisions, floating conversion, exercise or exchange prices or otherwise, or
due to warrants or options which are issued in connection with such issuance, be entitled to receive shares of Common Stock
at an effective price per share which is less than the Exercise Price, such issuance shall be deemed to have occurred for
less than the Exercise Price on such date of the Dilutive Issuance), then the Exercise Price shall be reduced and only
reduced to equal the Base Share Price and the number of Warrant Shares issuable hereunder shall be increased such that the
Aggregate Exercise Price Payable hereunder, after taking into account the decrease in the Exercise Price, shall be equal to
the Aggregate Exercise Price Prior to such adjustment. Such adjustment shall be made whenever such Common Stock, warrants, or
options are issued. The Company shall notify the Holder in writing, no later than the Trading Day following the issuance of
any warrants, options, or Common Stock pursuant to an option or warrant subject to this Section 5.3 (each a
“Dilutive Issuance Notice Deadline”), indicating therein the applicable issuance price, or
applicable reset price, exchange price, exercise price and other pricing terms (such notice the “Dilutive Issuance
Notice”). Notwithstanding anything in this Warrant to the contrary, each time the Company fails to provide a
Dilutive Issuance Notice to the Holder by the applicable Dilutive Issuance Notice Deadline, the Company shall pay $50,000 in
cash to the Holder within one (1) business day of Holder’s request in addition to all other remedies available to the
Holder in the Transaction Documents. For purposes of clarification, whether or not the Company provides a Dilutive Issuance
Notice pursuant to this Section 5.3, upon the occurrence of any Dilutive Issuance, after the date of such Dilutive Issuance
the Holder is entitled to receive a number of Warrant Shares based upon the Base Share Price regardless of whether the Holder
accurately refers to the Base Share Price in the Notice of Exercise. Notwithstanding the
foregoing, no adjustment will be made under this Section 5.3 in respect of an Exempt
Issuance. An “Exempt Issuance” shall mean the issuance of (a) shares of Common Stock or other securities
to officers, directors, or key consultants and/or service providers of the Company pursuant to any stock or option or similar
equity incentive plan duly adopted for such purpose, by a majority of the non-employee members of the Company’s Board
of Directors or a majority of the members of a committee of non-employee directors established for such purpose in a manner
which is consistent with the Company’s prior business practices; (b) securities issued pursuant to a merger,
consolidation, acquisition or similar business combination approved by a majority of the disinterested directors of the
Company, provided that any such issuance shall only be to a Person (or to the equity holders of a Person) which is, itself or
through its subsidiaries, an operating company or an owner of an asset in a business synergistic with the business of the
Company and shall provide to the Company additional benefits in addition to the investment of funds, but shall not include a
transaction in which the Company is issuing securities primarily for the purpose of raising capital or to an entity whose
primary business is investing in securities; (c) securities issued pursuant to any equipment loan or leasing arrangement,
real property leasing arrangement or debt financing from a bank or similar financial institution approved by a majority of
the disinterested directors of the Company provided that any such securities are not convertible or exercisable into the
Company’s Common Stock; or (d) securities issued with respect to which the Holder waives its rights in writing under
this Section 5.3. “Person” and “Persons” means an individual, a limited liability company, a
partnership, a joint venture, a corporation, a trust, an unincorporated organization, any other entity and any governmental
entity or any department or agency thereof.

 

5.4. Notice
of Adjustment. Without limiting any other provision contained herein, when any adjustment is required to be made in the
number or kind of shares purchasable upon exercise of this Warrant, or in the Exercise Price, pursuant to the terms hereof,
the Company shall promptly notify the Holder of such event and of the number of Warrant Shares or other securities or
property thereafter purchasable upon exercise of this Warrant. Any such notice of adjustment pursuant to this Section 5.4 of
this Warrant shall be in addition to any Dilutive Issuance Notice required to be given pursuant to Section 5.3 of this
Warrant

 

    6

     

    

 

5.5. Distribution
of Assets. If the Company shall declare or make any dividend or other distribution of its assets (or rights to acquire
its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including without limitation any
distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification,
corporate rearrangement or other similar transaction) (a “Distribution”), at any time after the issuance
of this Warrant, then, in each such case:

 

(a) any
Exercise Price in effect immediately prior to the close of business on the record date fixed for the determination of holders
of shares of Common Stock entitled to receive the Distribution shall be reduced, effective as of the close of business on
such record date, to a price determined by multiplying such Exercise Price by a fraction (i) the numerator of which shall
be the Closing Price of the shares of Common Stock on the Trading Day immediately preceding such record date minus the value
of the Distribution (as determined in good faith by the Company’s Board of Directors) applicable to one share of Common
Stock, and (ii) the denominator of which shall be the Closing Price of the shares of Common Stock on the Trading Day
immediately preceding such record date; and

 

(b) the number
of Warrant Shares shall be increased to a number of shares equal to the number of shares of Common Stock obtainable
immediately prior to the close of business on the record date fixed for the determination of holders of shares of Common
Stock entitled to receive the Distribution multiplied by the reciprocal of the fraction set forth in Section 5.5(a) of this
Warrant; provided, however, that in the event that the Distribution is of shares of common stock of a company (other than the
Company) whose common stock is traded on a national securities exchange or a national automated quotation system
(“Other Shares of Common Stock”), then the Holder may elect to receive a warrant to purchase Other Shares
of Common Stock in lieu of an increase in the number of Warrant Shares, the terms of which shall be identical to those of
this Warrant, except that such warrant shall be exercisable into the number of shares of Other Shares of Common Stock that
would have been payable to the Holder pursuant to the Distribution had the Holder exercised this Warrant immediately prior to
such record date and with an aggregate exercise price equal to the product of the amount by which the exercise price of this
Warrant was decreased with respect to the Distribution pursuant to the terms of Section 5.5(a) of this Warrant and the number
of Warrant Shares calculated in accordance with the first part of this Section 5.5(b) of this Warrant.

 

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

 

    7

     

    

 

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

 

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

 

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

 

“NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES IN TO WHICH THESE SECURITIES ARE
EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION
STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH MAY BE THE
LEGAL COUNSEL OPINION (AS DEFINED IN THE PURCHASE AGREEMENT)), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT
REQUIRED UNDER SAID ACTOR (II) UNLESS SOLD PURSUANT TO RULE 144, RULE 144 A, REGULATION SUNDER SAID ACT, OR OTH ER APPLICABLE
EXEMPTION. NOT WITH STANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

 

10. Piggyback
Registration Rights. The Company shall include on the next registration statement the Company files with SEC (or on the
subsequent registration statement if such registration statement is withdrawn) the Warrant Shares. Failure to do so will
result in liquidated damages of 25% of the outstanding principal balance of the Note, but not less than $25,000, being
immediately due and payable to the Holder at its election in the form of cash payment or addition to the balance of the
Note.

 

    8

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

    9

     

    

 

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

 

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

 

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

 

 

[Remainder of page intentionally left blank]

 

    10

     

    

 

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

 

Dated: May 26, 2021

 

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

 

 

[Signature page
to Warrant]

 

    11

     

    

 

EXHIBIT
A

 

NOTICE
OF EXERCISE OF WARRANT

 

		TO:	HOME
                                            BISTRO, INC.

ATTN:
______________

VIA
FAX TO: (   )______________

VIA
EMAIL TO: (   )______________

 

The
undersigned hereby irrevocably elects to exercise the right, represented by the Warrant to Purchase Shares of Common Stock
dated as of __________ (the “Warrant”), to purchase shares of the common stock, $0.001 par value
(“Common Stock”), of HOME BISTRO, INC., and tenders herewith payment in accordance with Section 2 of the
Warrant, as follows:

 

	_______	 	CASH:
                                            $ ___________________ = (Exercise Price x Warrant Shares)
	 	 	 
	_______	 	Payment
                                            is being made by:
	 	 	_______	enclosed
                                        check
	 	 	_______	wire transfer
	 	 	_______	other
	 	 	 	 
	_______	 	CASHLESS
                                            EXERCISE:

 

Net
number of Warrant Shares to be issued to Holder: _____________*

 

		*
                                            X = Y (A-B)	 
	 	 	A	 

 

		Where	X
                                            =	the
                                            number of Warrant Shares to be issued to Holder.
	 	 	 	 
	 	 	Y
                                            =	the
                                            number of Warrant Shares that the Holder elects to purchase under this Warrant (at the date
                                            of such calculation).
	 	 	 	 
	 	 	A
                                            =	the
                                            Market Price (at the date of such calculation).
	 	 	 	 
	 	 	B
                                            =	Exercise
                                            Price (as adjusted to the date of such calculation).

 

Capitalized
terms used but not otherwise defined herein shall have the meanings ascribed to them in the Warrant.

 

It
is the intention of the Holder to comply with the provisions of Section 2.2 of the Warrant regarding certain limits on the Holder’s
right to exercise thereunder. The Holder believes this exercise complies with the provisions of such Section 2.2. Nonetheless, to the
extent that, pursuant to the exercise effected hereby, the Holder would have more shares of Common Stock than permitted under Section
2.2, this notice should be amended and revised, ab initio, to refer to the exercise which would result in the issuance of the
maximum number of such shares permitted under such provision. Any exercise above such amount is hereby deemed void and revoked.

 

As
contemplated by the Warrant, this Notice of Exercise is being sent by facsimile or email to the fax number and officer indicated above.

 

    A-1

     

    

 

If
this Notice of Exercise represents the full exercise of the outstanding balance of the Warrant, the Holder either (1) has previously
surrendered the Warrant to the Company or (2) will surrender (or cause to be surrendered) the Warrant to the Company at the address indicated
above by express courier within five (5) Trading Days after delivery or email or facsimile transmission of this Notice of Exercise; provided
that the Warrant Shares to be delivered pursuant to this Notice of Exercise have been delivered to the Holder as of such date.

 

To
the extent the Warrant Shares are not able to be delivered to the Holder via the DWAC system, please deliver certificates representing
the Warrant Shares to the Holder via reputable overnight courier after receipt of this Notice of Exercise (by facsimile transmission
or otherwise) to:

 

		 	 
	 	 	 
	 	 	 

 

 

	Dated:	 	 

 

	 	 
	[Name of Holder]	 
	 	 	 
	By: 	 	 

 

    A-2

     

    

 

EXHIBIT
B

 

FORM
OF TRANSFEROR ENDORSEMENT

(To
be signed only on transfer of the Warrant)

 

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

 

	Transferees	 	Percentage
                                            Transferred	 	Number
                                            Transferred
	 	 	 	 	 

 

 

Dated:
_____________, ________

 

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

 

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

 

	By:	 	 
	Name:	 	 

 

    B-1

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