Document:

AMENDMENT
TO

CLASS
A COMMON STOCK PURCHASE WARRANT 

CAR
CHARGING GROUP, INC.

 

	Holder:
    The Farkas Group, Inc. 	Number
    of Warrant Shares: 475,000
	Issue
    Date: June 24, 2016	Warrant
    No. FG-002

 

For
and in consideration of good and valuable consideration, the receipt, adequacy and sufficiency of which is hereby acknowledged,
the parties hereby amend the Warrant as follows:

 

	1.	Scrivener’s
    Error. The Warrant incorrectly defined the Expiration Date of the Warrant as the three (3) year anniversary of the Issue
    Date. The correct Expiration Date shall be the five (5) year anniversary of the Issue Date and all references thereto in the
    Warrant are hereby modified accordingly.
	 	 
	2.	Capitalized
    Terms. Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Warrant.
	 	 
	3.	Continued
    Effectiveness. To the extent that the provisions of this Amendment are inconsistent with the terms and conditions of the
    Warrant, the terms and conditions hereof shall control. Except as modified hereby, all remaining terms and conditions of the
    Warrant shall remain in full force and effect.

 

IN
WITNESS WHEREOF, the Company has executed this Amendment as of July 27, 2016.

 

	 	CAR CHARGING GROUP, INC.
	 	 	 
	 	By:
    	 
	 	Name:	Mike
    Calise
	 	Title:	Chief
    Executive OfficerNEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS NOTE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH MAY BE THE LEGAL COUNSEL OPINION (AS DEFINED
IN THE PURCHASE AGREEMENT)), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD
PURSUANT TO RULE 144, RULE 144A OR REGULATION S UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN
CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

 

	Principal Amount: $________________________	
    Issue Date: April 22, 2016

 

CONVERTIBLE
PROMISSORY NOTE

 

FOR
VALUE RECEIVED, LIFE CLIPS, INC., a Wyoming corporation (the “Company”), hereby promises to pay to the
order of ______________________, or registered assigns (the “Holder”) on March 30, 2017 (the “Maturity
Date”) $50,000.00 (the “Principal Amount”), and to pay interest on the outstanding Principal Amount
at the rate of 10.00% per annum (the “Note”). Interest shall commence accruing on the date hereof (the “Issue
Date”), computed on the basis of a 365-day year and the actual number of days elapsed, provided that any payment otherwise
due on a Saturday, Sunday or legal Bank holiday may be paid on the following business day. Interest shall be payable quarterly
on January 1, April 1, July 1 and October 1, beginning on the first such date after the Issue Date and on each Conversion Date
(with respect only to the Principal Amount being converted) (each such date, an “Interest Payment Date”) (if
any Interest Payment Date is not a Trading Day, the applicable payment shall be due on the next succeeding Trading Day) in cash,
or at the Holder’s option, such interest shall be accreted to, and increase, the outstanding Principal Amount. All payments
due hereunder, shall be made in lawful money of the United States of America.

 

The
following terms shall apply to this Note:

 

Section
1.   Definitions. For the purposes hereof, the definitions set forth in Exhibit A shall have the meanings
set forth in such exhibit.

 

Section
2.   Interest.

 

(a) Interest
Calculations. Interest shall cease to accrue with respect to any Principal Amount converted, provided that, the Company
actually delivers the Conversion Shares within the time period required by Section 4(c)(i) herein.

 

(b) Late
Fees. Any interest that are not paid within three Trading Days following a Interest Payment Date shall continue to
accrue and shall entail a late fee, which must be paid in cash, at the rate of 18% per annum or the lesser rate permitted by
applicable law which shall accrue daily from the Interest Payment Date through and including the date of actual payment in
full.

 

(c) Prepayment.
At any time upon ten (10) days written notice to the Holder, the Company may prepay any portion of the principal amount of
this Note and any accrued and unpaid interest. If the Company exercises its right to prepay any portion of the Note, the
Company shall make payment to the Holder of an amount in cash equal to the sum of the then outstanding principal amount of
this Note being prepaid and accrued interest thereon. The Holder may continue to convert the Note from the date notice of the
prepayment is given until the date of the prepayment.

 

    	1

     

    

 

Section
3. Liquidation. Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary (a
“Liquidation”), the Holders shall be entitled to receive out of the assets, whether capital or surplus, of
the Company an amount equal to the Principal Amount, plus any accrued and unpaid interest thereon and any other fees then due
and owing thereon under this Note. A Fundamental Transaction or Change of Control Transaction shall not be deemed
Liquidation.

 

Section
4. Conversion and Redemption.

 

(a) Conversions
at Option of Holder. The Holder shall have the right at any time and from time to time from and after the Issue Date at
the option of the Holder, to convert all or a part of the outstanding and unpaid principal amount of this Note, accrued and
unpaid interest and such other amounts as may due to the Holder under this Note (the “Indebtedness”) into
that number of shares of Common Stock (subject to the limitations set forth in Section 4(d)) determined by dividing
the amount to be converted by the Conversion Price (the “Conversion Shares”). The Holder shall effect
conversions by providing the Company with the form of conversion notice attached hereto as Annex A (a “Notice
of Conversion”). Each Notice of Conversion shall specify the amount to be converted, the principal balance of the
Note outstanding prior to the conversion, the amount of accrued interest and other amounts due under this Note, the number of
shares of Common Stock owned subsequent to the conversion at issue and the date on which such conversion is to be effected,
which date may not be prior to the date the applicable Holder delivers by facsimile such Notice of Conversion to the Company
(such date, the “Conversion Date”). If no Conversion Date is specified in a Notice of Conversion, the
Conversion Date shall be the date that such Notice of Conversion to the Company is deemed delivered hereunder. No
ink-original Notice of Conversion shall be required, nor shall any medallion guarantee (or other type of guarantee or
notarization) of any Notice of Conversion form be required. To effect conversions hereunder, the Holder shall not be required
to physically surrender this Note to the Company unless the entire principal amount of this Note, plus all accrued and unpaid
interest thereon, has been so converted. Conversions hereunder shall have the effect of lowering the outstanding principal
amount of this Note (and accrued interest thereon, if applicable) in an amount equal to the applicable conversion. The Holder
and the Company shall maintain records showing the principal amount(s) converted and the date of such conversion(s). The
Company may deliver an objection to any Notice of Conversion within one (1) Business Days of delivery of such Notice of
Conversion. In the event of any dispute or discrepancy, the records of the Holder shall be controlling and determinative in
the absence of manifest error.

 

(b) Conversion
Price. The conversion price shall equal (i) seventy-five percent (75%) times (ii) the Volume Weighted Average Price
(“VWAP”) for a five (5) day period prior to the Conversion Date as quoted on the OTC Markets (or the NYSE
MKT, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or the New York Stock Exchange (or
any successors to any of the foregoing, each a “Trading Market”) on which the Company’s common stock
is then listed or quoted for trading) (“Share Price”), subject to adjustment herein (the
“Conversion Price”), provided that that the minimum Share Price shall (A) not be less than the per Share
Price as determined based on a Three Million Dollar ($3,000,000) Total Market Value (as hereinafter defined) (the
“Minimum Conversion Price”) or (B) not greater than a maximum per Share Price as determined based on a
Twenty Million Dollar ($20,000,000) Total Market Value. “Total Market Value” shall be computed by
multiplying the then Share Price by the total number of shares of Common Stock outstanding as of the date of the Conversion.
The Conversion Price will be appropriately adjusted for any stock dividend, stock split, stock combination,
reclassification or similar transaction that proportionately decreases or increases the Common Stock during such measuring
period in addition to such other events as may be provided for herein. Nothing herein shall limit a Holder’s right to
pursue actual damages or declare an Event of Default pursuant to Section 6 hereof and the Holder shall have the right
to pursue all remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific
performance and/or injunctive relief. 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.

 

    	2

     

    

 

(c) Mechanics
of Conversion

 

(i) Delivery
of Conversion Shares Upon Conversion. Not later than three (3) Trading Days after each Conversion Date (the
“Share Delivery Date”), the Company shall issue to the converting Holder (A) the number of Conversion
Shares being acquired upon the conversion of the Indebtedness which shall be free of restrictive legends and trading
restrictions (other than those which may then be required by applicable federal or state securities laws), and (B) a bank
check in the amount of accrued and unpaid interest, if such interest amount is paid in cash instead of under (a) above. If
the Common Stock is listed or quoted for public trading, the Company may deliver the Conversion Shares required to be
delivered by the Company under this Section 4 electronically through the Depository Trust Company or another
established clearing corporation performing similar functions. If the Conversion Date is prior to the date on which such
Conversion Shares are eligible to be sold under Rule 144 without the need for current public information, the Conversion
Shares shall bear a restrictive legend in substantially the following form, as appropriate:

 

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

 

Notwithstanding
the foregoing, commencing on such date that the Conversion Shares are eligible for sale under Rule 144 subject to current public
information requirements, the Company shall obtain a legal opinion to allow for such sales under Rule 144 (the reasonable cost
of which shall be borne by the Holder).

 

(ii) Failure
to Deliver Certificates. If, in the case of any Notice of Conversion, such Conversion Shares are not delivered to or as
directed by the applicable Holder by the Share Delivery Date, the Holder shall be entitled to elect by written notice to the
Company at any time on or before its receipt of such certificate or certificates, to rescind such Conversion, in which event
the Company shall promptly return to the Holder any original Note delivered to the Company and the Holder shall promptly
return to the Company the Common Stock certificates issued to such Holder pursuant to the rescinded Conversion
Notice.

 

    	3

     

    

 

(iii) Obligation
Absolute; Partial Liquidated Damages. The Company’s obligation to issue and deliver the Conversion Shares upon
conversion of the Indebtedness in accordance with the terms hereof are absolute and unconditional, irrespective of any action
or inaction by a Holder to enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any
judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment, limitation or
termination, or any breach or alleged breach by such Holder or any other Person of any obligation to the Company or any
violation or alleged violation of law by such Holder or any other person, and irrespective of any other circumstance which
might otherwise limit such obligation of the Company to such Holder in connection with the issuance of such Conversion
Shares; provided, however, that such delivery shall not operate as a waiver by the Company of any such action
that the Company may have against such Holder. In the event a Holder shall elect to convert any or all of the Indebtedness,
the Company may not refuse conversion based on any claim that such Holder or anyone associated or affiliated with such Holder
has been engaged in any violation of law, agreement or for any other reason, unless an injunction from a court, on notice to
Holder, restraining and/or enjoining conversion of all or part of the Note held by such Holder shall have been sought and
obtained. In the absence of such injunction, the Company shall issue Conversion Shares and, if applicable, cash, upon a
properly noticed conversion. If the Company fails to deliver to a Holder such Conversion Shares pursuant to Section
4(c)(i) on the second Trading Day after the Share Delivery Date applicable to such conversion, such Holder shall have the
right to pursue all remedies available to it hereunder, at law or in equity including, without limitation, a decree of
specific performance and/or injunctive relief. The exercise of any such rights shall not prohibit a Holder from seeking to
enforce damages pursuant to any other Section hereof or under applicable law.

 

(iv) Compensation
for Buy-In on Failure to Timely Deliver Conversion Shares Upon Conversion. In addition to any other rights available to
the Holder, if the Company fails for any reason to deliver to a Holder the applicable Conversion Shares by the Share Delivery
Date pursuant to Section 4(c)(i), and if after such Share Delivery Date such Holder is required by its brokerage firm
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 such Holder of the Conversion Shares which such Holder was entitled to
receive upon the conversion relating to such Share Delivery Date (a “Buy-In”), then the Company shall (A)
pay in cash to such Holder (in addition to any other remedies available to or elected by such Holder) the amount, if any, by
which (x) such Holder’s total purchase price (including any brokerage commissions) for the Common Stock so purchased
exceeds (y) the product of (1) the aggregate number of shares of Common Stock that such Holder was entitled to receive from
the conversion at issue multiplied by (2) the actual sale price at which the sell order giving rise to such purchase
obligation was executed (including any brokerage commissions) and (B) reduce the Principal Amount equal to the amount
submitted for conversion (in which case, such conversion shall be deemed rescinded). For example, if a Holder purchases
shares of Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted conversion of
the Note with respect to which the actual sale price of the Conversion Shares (including any brokerage commissions) giving
rise to such purchase obligation was a total of $10,000 under clause (A) of the immediately preceding sentence, the Company
shall be required to pay such Holder $1,000. The Holder shall provide the Company written notice indicating the amounts
payable to such 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 the Conversion Shares upon conversion of the shares of Note as required pursuant to the terms
hereof.

 

(v) Reservation
of Shares Issuable Upon Conversion. The Company covenants that it will at all times reserve and keep available out of
its authorized and unissued shares of Common Stock a number of shares of Common Stock at least equal to 100% of the
Conversion Shares, calculated as of the issue date of this Note, for the sole purpose of issuance upon conversion of this
Note and payment of interest on this Note, each as herein provided, free from preemptive rights or any other actual
contingent purchase rights of Persons other than the Holder, not less than such aggregate number of shares of the Common
Stock as shall (subject to the terms and conditions set forth in the Purchase Agreement) be issuable (taking into account the
adjustments and restrictions of Section 5) upon the conversion of the then outstanding principal amount of this Note
and payment of interest hereunder. The Company covenants that all shares of Common Stock that shall be so issuable shall,
upon issue, be duly authorized, validly issued, fully paid and nonassessable.

 

    	4

     

    

 

(vi) Fractional
Shares. No fractional shares or scrip representing fractional shares shall be issued upon the conversion of the Note. As
to any fraction of a share which the Holder would otherwise be entitled to purchase upon such conversion, the Company shall
at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction
multiplied by the Conversion Price or round up to the next whole share.

 

(vii) Transfer
Taxes and Expenses. The issuance of Conversion Shares on conversion of this Note shall be made without charge to any
Holder for any documentary stamp or similar taxes that may be payable in respect of the issue or delivery of such Conversion
Shares, provided that the Company shall not be required to pay any tax that may be payable in respect of any transfer
involved in the issuance and delivery of any such Conversion Shares upon conversion in a name other than that of the Holder
of the Note and the Company shall not be required to issue or deliver such Conversion Shares unless or until the Person or
Persons requesting the issuance thereof shall have paid to the Company the amount of such tax or shall have established to
the satisfaction of the Company that such tax has been paid.

 

(d) Beneficial
Ownership Limitation. The Company shall not effect any conversion of the Note, and a Holder shall not have the right to
convert any portion of the Note, to the extent that, after giving effect to the conversion set forth on the applicable Notice
of Conversion, such Holder (together with such Holder’s Affiliates, and any Persons acting as a group together with
such Holder or any of such Holder’s Affiliates) would beneficially own in excess of the Beneficial Ownership Limitation
(as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by such
Holder and its Affiliates shall include the number of shares of Common Stock issuable upon conversion of the Note with
respect to which such determination is being made, but shall exclude the number of shares of Common Stock which are issuable
upon (i) conversion of the remaining, unconverted Indebtedness held by the Holder or any of its Affiliates and (ii) exercise
or conversion of the unexercised or unconverted portion of any other securities of the Company subject to a limitation on
conversion or exercise analogous to the limitation contained herein (including, without limitation, the Note) beneficially
owned by such Holder or any of its Affiliates. Except as set forth in the preceding sentence, for purposes of this Section
4(d), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the rules and
regulations promulgated thereunder. To the extent that the limitation contained in this Section 4(d) applies, the
determination of whether the Note is convertible (in relation to other securities owned by such Holder together with any
Affiliates) and what amounts are convertible shall be in the sole discretion of such Holder, and the submission of a Notice
of Conversion shall be deemed to be such Holder’s determination of whether the Note may be converted (in relation to
other securities owned by such Holder together with any Affiliates) and how much of the Note is convertible, in each case
subject to the Beneficial Ownership Limitation. To ensure compliance with this restriction, Holder will be deemed to
represent to the Company each time it delivers a Notice of Conversion that such Notice of Conversion has not violated the
restrictions set forth in this paragraph and the Company shall have no obligation to verify or confirm the accuracy of such
determination. In addition, a determination as to any group status as contemplated above shall be determined in accordance
with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section
4(d), in determining the number of outstanding shares of Common Stock, a Holder may rely on the number of outstanding
shares of Common Stock as stated in the most recent of the following: (i) the Company’s most recent quarterly or annual
report filed with the Commission, as the case may be, (ii) a more recent public announcement by the Company or (iii) a more
recent written notice by the Company or the Company’s transfer agent setting forth the number of shares of Common Stock
outstanding. Upon the written or oral request of a Holder, the Company shall within two Trading Days confirm orally and in
writing to such Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares
of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including
the Note, by such Holder or its Affiliates since the date as of which such number of outstanding shares of Common Stock was
reported. The “Beneficial Ownership Limitation” shall be 4.99% of the number of shares of the Common Stock
outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon conversion of the Note
held by the applicable Holder. A Holder, upon not less than 61 days’ prior notice to the Company, may increase or
decrease the Beneficial Ownership Limitation provisions of this Section 4(d) applicable to its Note provided that the
Beneficial Ownership Limitation in no event exceeds 9.99% of the number of shares of the Common Stock outstanding immediately
after giving effect to the issuance of shares of Common Stock upon conversion of this Note held by the Holder and the
provisions of this Section 4(d) shall continue to apply. Any such increase or decrease will not be effective until the
61st day after such notice is delivered to the Company and shall only apply to such Holder and no other Holder. The
provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the
terms of this Section 4(d) to correct this paragraph (or any portion hereof) which may be defective or
inconsistent with the intended Beneficial Ownership Limitation contained herein or to make changes or supplements necessary
or desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a
successor holder of the Note.

 

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(e) Call
for Conversion by the Company. Commencing at any time six (6) months after the Issue Date and subject to the limitations
set forth in Section 4(d), if: (i) the Common Stock is listed or quoted for trading on the OTC Markets or any Trading
Market; (ii) the average closing bid price of the Company’s common stock as quoted on the OTC Markets (or such other
Trading Market on which the Company’s common stock is then listed or quoted for trading) for any 60 consecutive trading
days exceeds the Minimum Conversion Price; and (iii) the average daily trading volume of the Company’s common stock
exceeds an amount equal to 25% of the Conversion Shares issuable upon conversion of this Note (and each of the other Notes
outstanding) for any 30 consecutive trading days (a “Trigger Period”), the Company shall have the right,
upon 30 days’ notice to the Holder (the “Call Notice”), to require that the Holder convert this Note
into the Conversion Shares within thirty (30) days of the Call Notice (the “Forced Conversion Date”). The
Company may not deliver a Call Notice, and any Call Notice delivered by the Company shall not be effective, unless all of the
Equity Conditions have been met on each Trading Day through and including the later of the Forced Conversion Date and the
Trading Day after the date that the Conversion Shares issuable pursuant to such conversion are actually delivered to the
Holders pursuant to the Forced Conversion Notice.

 

Section
5. Certain Adjustments.

 

(a) Stock
Splits. If the Company, at any time while this Note is outstanding: (i) subdivides outstanding shares of Common Stock
into a larger number of shares, (ii) combines (including by way of a reverse stock split) outstanding shares of Common Stock
into a smaller number of shares, or (iii) issues, in the event of a reclassification of shares of the Common Stock, any
shares of capital stock of the Company, then the Conversion Price shall be multiplied by a fraction of which the numerator
shall be the number of shares of Common Stock (excluding any treasury shares of the Company) outstanding immediately before
such event, and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such
event. Any adjustment made pursuant to this Section 5(a) shall become effective immediately after the record date for
the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately
after the effective date in the case of a subdivision, combination or re-classification.

 

(b) Fundamental
Transaction. If, at any time while this Note is outstanding, (i) the Company, directly or indirectly, in one or more
related transactions effects any merger or consolidation of the Company with or into another Person, (ii) the Company,
directly or indirectly, effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or
substantially all of its assets in one or a series of related transactions, (iii) any, direct or indirect, purchase offer,
tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which holders of Common
Stock are permitted to sell, tender or exchange their shares for other securities, cash or property and has been accepted by
the holders of 50% or more of the outstanding Common Stock, (iv) the Company, directly or indirectly, in one or more related
transactions effects any reclassification, reorganization or recapitalization 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, or (v) the Company, directly or indirectly, in one or more related transactions consummates a stock or share
purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off
or scheme of arrangement) with another Person whereby such other Person acquires more than 50% of the outstanding shares of
Common Stock (not including any shares of Common Stock held by the other Person or other Persons making or party to, or
associated or affiliated with the other Persons making or party to, such stock or share purchase agreement or other business
combination) (each a “Fundamental Transaction”), then, upon any subsequent conversion of this Note, the
Holder shall have the right to receive, for each Conversion Share that would have been issuable upon such
conversion immediately prior to the occurrence of such Fundamental Transaction (without regard to any limitation in Section
4(d) on the conversion of this Note), the number of shares of Common Stock of the successor or acquiring corporation or
of the Company, if it is the surviving corporation, and any additional consideration (the “Alternate
Consideration”) receivable as a result of such Fundamental Transaction by a holder of the number of shares of
Common Stock for which this Note is convertible immediately prior to such Fundamental Transaction (without regard to any
limitation in Section 4(d) on the conversion of this Note). For purposes of any such conversion, the determination of
the Conversion 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 Conversion 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 conversion of this Note following such Fundamental Transaction. The
Company shall cause any successor entity in a Fundamental Transaction in which the Company is not the survivor (the
“Successor Entity”) to assume in writing all of the obligations of the Company under this Note and the
other Transaction Documents (as defined in the Purchase Agreement) in accordance with the provisions of this Section
5(e) pursuant to written agreements in form and substance reasonably satisfactory to the Holder and approved by the
Holder (without unreasonable delay) prior to such Fundamental Transaction and shall, at the option of the holder of this
Note, deliver to the Holder in exchange for this Note a security of the Successor Entity evidenced by a written instrument
substantially similar in form and substance to this Note which is convertible for a corresponding number of shares of capital
stock of such Successor Entity (or its parent entity) equivalent to the shares of Common Stock acquirable and receivable upon
conversion of this Note (without regard to any limitations on the conversion of this Note) prior to such Fundamental
Transaction, and with a conversion price which applies the conversion price hereunder to such shares of capital stock (but
taking into account the relative value of the shares of Common Stock pursuant to such Fundamental Transaction and the value
of such shares of capital stock, such number of shares of capital stock and such conversion price being for the purpose of
protecting the economic value of this Note immediately prior to the consummation of such Fundamental Transaction), and which
is reasonably satisfactory in form and substance to the Holder. Upon the occurrence of any such Fundamental Transaction, the
Successor Entity shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction,
the provisions of this Certificate of Designation and the other Transaction Documents referring to the “Company”
shall refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of
the obligations of the Company under this Note and the other Transaction Documents with the same effect as if such Successor
Entity had been named as the Company herein.

 

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(c) Calculations.
All calculations under this Section 5 shall be made to the nearest cent or the nearest 1/100th of a share, as the
case may be. For purposes of this Section 5, the number of shares of Common Stock deemed to be issued and outstanding
as of a given date shall be the sum of the number of shares of Common Stock (excluding any treasury shares of the Company)
issued and outstanding.

 

(d) Notice
to the Holder of Adjustment to Conversion Price. Whenever the Conversion Price is adjusted pursuant to any provision of
this Section 5, the Company shall promptly deliver to each Holder a notice setting forth the Conversion Price after
such adjustment and setting forth a brief statement of the facts requiring such adjustment.

 

Section
6. Automatic Conversion. If this Note remains outstanding on or after the Maturity Date and all Equity Conditions have
been met (other than the payment of the principal and interest due under the Notes) on each Trading Day through and including
the later of the Maturity Date and the Trading Day after the date that the Conversion Shares issuable pursuant to such conversion
are actually delivered to the Holder, then this Note shall be automatically be deemed to have converted into the Conversion Shares.

 

Section
7. Redemption Upon Triggering Events.

 

a)
“Triggering Event” means, wherever used herein any of the following events (whatever the reason for such
event and whether such event 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 fails to pay the principal hereof or interest thereon when due on this Note, whether at maturity, upon
acceleration or otherwise;

 

ii.
the Company shall fail to deliver Conversion Shares issuable upon a conversion hereunder that comply with the provisions
hereof prior to the fifth Trading Day after such shares are required to be delivered hereunder, or the Company shall provide
written notice to any Holder, including by way of public announcement, at any time, of its intention not to comply with
requests for conversion of any the Notes in accordance with the terms hereof;

 

iii.
the Company shall fail for any reason to pay in full the amount of cash due pursuant to a Buy-In within five calendar days
after notice therefor is delivered hereunder within five days of the date due and payable;

 

iv.
the Company shall fail to have available a sufficient number of authorized and unreserved shares of Common Stock to issue to
such Holder upon a conversion hereunder;

 

    	7

     

    

 

v.
the Company shall fail to observe or perform any other covenant, agreement or warranty contained in, or otherwise commit any
breach of the obligations in this Note, and such failure or breach shall not, if subject to the possibility of a cure by the
Company, have been cured within 10 calendar days after the date on which written notice of such failure or breach shall have
been delivered;

 

vi.
the Company shall have filed for protection under any bankruptcy, insolvency, reorganization, moratorium or other laws of
general application affecting enforcement of creditors’ rights generally;

 

vii.
any monetary judgment, writ or similar final process shall be entered or filed against the Company, any subsidiary or any of
their respective property or other assets for more than $250,000, and such judgment, writ or similar final process shall
remain unvacated, unbonded or unstayed for a period of 45 calendar days;

 

viii.
The restatement of any financial statements filed by the Company with the SEC for any date or period from two years prior to
the Issue Date of this Note and until this Note is no longer outstanding, if the result of such restatement would, by
comparison to the unrestated financial statement, have constituted a material adverse effect on the rights of the Holder with
respect to this Note or the Purchase Agreement.

 

b)
Upon the occurrence of a Triggering Event, (i) the Company will pay interest on the Triggering Redemption Amount at a rate
equal to the lesser of 18% per annum or the maximum rate permitted by applicable law, accruing daily from such date until the
Triggering Redemption Amount, plus all such interest thereon, is paid in full and (ii) the Triggering Redemption Amount shall
be accelerated and immediately due and payable to Holder. For purposes of this Section, the Indebtedness is outstanding until
such date as the applicable Holder shall have received Conversion Shares upon a conversion (or attempted conversion) thereof
that meets the requirements hereof or has been paid the Triggering Redemption Amount in cash.

 

Section
8. Miscellaneous.

 

(a) Notices.
Any and all notices or other communications or deliveries to be provided by the Holder hereunder including, without
limitation, any Notice of Conversion, shall be in writing and delivered personally, by facsimile, or sent by a nationally
recognized overnight courier service, addressed to the Company, at the address set forth above Attention: Robert Gruder via
email: bgruder@lifeclips.com or such other email or address as the Company may specify for such purposes by notice to the
Holder delivered in accordance with this Section 7. Any and all notices or other communications or deliveries to be
provided by the Company hereunder shall be in writing and delivered personally, by facsimile, or sent by a nationally
recognized overnight courier service addressed to each Holder at the facsimile number or address of such Holder appearing on
the books of the Company, or if no such facsimile number or address appears on the books of the Company, at the principal
place of business of such Holder, as set forth in the Purchase Agreement. Any notice or other communication or deliveries
hereunder shall be deemed given and effective on the earliest of (i) the date of transmission, if such notice or
communication is delivered via facsimile at the facsimile number set forth in this Section prior to 5:30 p.m. (New York City
time) on any date, (ii) the next Trading Day after the date of transmission, if such notice or communication is delivered via
facsimile at the facsimile number set forth in this Section on a day that is not a Trading Day or later than 5:30 p.m. (New
York City time) on any Trading Day, (iii) the second Trading Day following the date of mailing, if sent by U.S. nationally
recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice is required to be
given.

 

(b) Absolute
Obligation. Except as expressly provided herein, no provision of this Note shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay liquidated damages, accrued dividends and accrued interest, as
applicable, on the Notes at the time, place, and rate, and in the coin or currency, herein prescribed.

 

    	8

     

    

 

(c) Lost
or Mutilated Note. If a Holder’s Note shall be mutilated, lost, stolen or destroyed, the Company shall execute and
deliver, in exchange and substitution for and upon cancellation of a mutilated Note, or in lieu of or in substitution for a
lost, stolen or destroyed Note, a new Note so mutilated, lost, stolen or destroyed, but only upon receipt of evidence of such
loss, theft or destruction of such Note, and of the ownership hereof reasonably satisfactory to the Company.

 

(d) Cost
of Collection. If default is made in the payment of this Note, the Company shall pay the Holder hereof costs of
collection, including reasonable attorneys’ fees.

 

(e) Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Note shall be governed
by and construed and enforced in accordance with the internal laws of the State of North Carolina without regard to the
principles of conflict of laws thereof. Each party agrees that all legal proceedings concerning the interpretation,
enforcement and defense of the transactions contemplated by this Note (whether brought against a party hereto or its
respective Affiliates, directors, officers, shareholders, employees or agents) shall be commenced in the state and federal
courts sitting in Mecklenburg County, North Carolina (the “North Carolina Courts”). Each party hereto
hereby irrevocably submits to the exclusive jurisdiction of the North Carolina Courts for the adjudication of any dispute
hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect
to the enforcement of this Note), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding,
any claim that it is not personally subject to the jurisdiction of such North Carolina Courts, or such North Carolina Courts
are improper or inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and
consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified
mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this
Note and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing
contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by applicable
law. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to
trial by jury in any legal proceeding arising out of or relating to this Note or the transactions contemplated hereby. If any
party shall commence an action or proceeding to enforce any provisions of this Note, then the prevailing party in such action
or proceeding shall be reimbursed by the other party for its attorneys’ fees and other costs and expenses incurred in
the investigation, preparation and prosecution of such action or proceeding.

 

(f) Certain
Amounts. Whenever pursuant to this Note the Company is required to pay an amount in excess of the outstanding principal
amount (or the portion thereof required to be paid at that time) plus accrued and unpaid interest plus Default Interest on
such interest, the Company and the Holder agree that the actual damages to the Holder from the receipt of cash payment on
this Note may be difficult to determine and the amount to be so paid by the Company represents stipulated damages and not a
penalty and is intended to compensate the Holder in part for loss of the opportunity to convert this Note and to earn a
return from the sale of shares of Common Stock acquired upon conversion of this Note at a price in excess of the price paid
for such shares pursuant to this Note. The Company and the Holder hereby agree that such amount of stipulated damages is not
plainly disproportionate to the possible loss to the Holder from the receipt of a cash payment without the opportunity to
convert this Note into shares of Common Stock.

 

    	9

     

    

 

(g) Waiver.
Any waiver by the Company or a 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 or a waiver by any other
Holder. The failure of the Company or a 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 (or any other Holder) of the right thereafter to insist upon
strict adherence to that term or any other term of this Note on any other occasion. Any waiver by the Company or a Holder
must be in writing.

 

(h) Severability.
If any provision of this Note is invalid, illegal or unenforceable, the balance of this Note shall remain in effect, and if
any provision is inapplicable to any Person or circumstance, it shall nevertheless remain applicable to all other Persons and
circumstances. If it shall be found that any interest or other amount deemed interest due hereunder violates the applicable
law governing usury, the applicable rate of interest due hereunder shall automatically be lowered to equal the maximum rate
of interest permitted under applicable law.

 

(i) Remedies,
Characterizations, Other Obligations, Breaches and Injunctive Relief. The remedies provided in this Note shall be
cumulative and in addition to all other remedies available under this Note and any of the other Transaction Documents at law
or in equity (including a decree of specific performance and/or other injunctive relief), and nothing herein shall limit the
Holder’s right to pursue actual and consequential damages for any failure by the Company to comply with the terms of
this Note. The Company covenants to the Holder that there shall be no characterization concerning this instrument other than
as expressly provided herein. Amounts set forth or provided for herein with respect to payments, conversion and the like (and
the computation thereof) shall be the amounts to be received by the Holder and shall not, except as expressly provided
herein, be subject to any other obligation of the Company (or the performance thereof). The Company acknowledges that a
breach by it of its obligations hereunder will cause irreparable harm to the Holder and that the remedy at law for any such
breach may be inadequate. The Company therefore agrees that, in the event of any such breach or threatened breach, the Holder
shall be entitled, in addition to all other available remedies, to an injunction restraining any such breach or any such
threatened breach, without the necessity of showing economic loss and without any bond or other security being required. The
Company shall provide all information and documentation to the Holder that is requested by the Holder to enable the Holder to
confirm the Company’s compliance with the terms and conditions of this Note.

 

(j) Next
Business Day. Whenever any payment or other obligation hereunder shall be due on a day other than a Business Day, such
payment shall be made on the next succeeding Business Day.

 

(k) Headings.
The headings contained herein are for convenience only, do not constitute a part of this Note and shall not be deemed to
limit or affect any of the provisions hereof.

 

    	10

     

    

 

SIGNATURE
PAGE FOR CONVERTIBLE NOTE

 

IN
WITNESS WHEREOF, the undersigned has executed this Note as of the Issue Date.

 

	 	Life Clips, Inc., a Wyoming corporation
	 	
	 	By:	/s/ Robert Gruder
	 	Name:	Robert Gruder
	 	Title:	CEO

 

    	11

     

    

 

EXHIBIT
A

 

DEFINITIONS

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common
control with a Person, as such terms are used in and construed under Rule 405 of the Securities Act.

 

“Alternate
Consideration” shall have the meaning set forth in Section 5(b).

 

“Beneficial
Ownership Limitation” shall have the meaning set forth in Section 4(d).

 

“Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or
any day on which banking institutions in the State of North Carolina are authorized or required by law or other governmental action
to close.

 

“Buy-In”
shall have the meaning set forth in Section 4(c).

 

“Call
Notice” shall have the meaning set forth in Section 4(e).

 

“Change
of Control Transaction” means the occurrence after the date hereof of any of (a) an acquisition after the date hereof
by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act)
of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise)
of in excess of 50% of the voting securities of the Company (other than by means of conversion of the Indebtedness), (b) the Company
merges into or consolidates with any other Person, or any Person merges into or consolidates with the Company and, after giving
effect to such transaction, the stockholders of the Company immediately prior to such transaction own less than 50% of the aggregate
voting power of the Company or the successor entity of such transaction, (c) the Company sells or transfers all or substantially
all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less than 50%
of the aggregate voting power of the acquiring entity immediately after the transaction, (d) a replacement at one time or within
a one year period of more than one-half of the members of the Board of Directors which is not approved by a majority of those
individuals who are members of the Board of Directors on the Issue Date (or by those individuals who are serving as members of
the Board of Directors on any date whose nomination to the Board of Directors was approved by a majority of the members of the
Board of Directors who are members on the Issue Date), or (e) the execution by the Company of an agreement to which the Company
is a party or by which it is bound, providing for any of the events set forth in clauses (a) through (d) above.

 

“Commission”
means the United States Securities and Exchange Commission.

 

“Common
Stock” means the Company’s common stock, par value $0.001 per share, and stock of any other class of securities
into which such securities may hereafter be reclassified or changed.

 

“Company”
shall have the meaning given such term in the first paragraph of this Note.

 

“Conversion
Amount” means the sum of the Principal Amount, accrued interest and any other amounts due under this Note.

 

“Conversion
Date” shall have the meaning set forth in Section 4(a).

 

    	12

     

    

 

“Conversion
Price” shall have the meaning set forth in Section 4(b).

 

“Conversion
Shares” shall have the meaning set forth in Section 4(a).

 

“Equity
Conditions” means, during the period in question, (a) the Company shall have duly honored all conversions scheduled
to occur or occurring by virtue of one or more Notices of Conversion of the applicable Holder on or prior to the dates so requested
or required, if any, (b) all of the Conversion Shares issuable pursuant to the Transaction Documents may be resold pursuant to
Rule 144 without volume or manner-of-sale restrictions or current public information requirements as determined by the counsel
to the Company as set forth in a written opinion letter to such effect, addressed and acceptable to the Transfer Agent and the
affected Holder, (c) the Common Stock is trading on a Trading Market and all of the shares issuable pursuant to the Transaction
Documents are listed or quoted for trading on such Trading Market (and the Company believes, in good faith, that trading of the
Common Stock on a Trading Market will continue uninterrupted for the foreseeable future), (d) there is a sufficient number of
authorized, but unissued and otherwise unreserved, shares of Common Stock for the issuance of all of the shares then issuable
pursuant to the Transaction Documents, (e) there is no existing Triggering Event and no existing event which, with the passage
of time or the giving of notice, would constitute a Triggering Event, (f) the issuance of the shares in question (or, in the case
of a call, the shares issuable upon conversion in full of the call amount) to the applicable Holder would not violate the Beneficial
Ownership Limitation, (g) there has been no public announcement of a pending or proposed Fundamental Transaction or Change of
Control Transaction that has not been consummated, and (h) the applicable Holder is not in possession of any information provided
by the Company that constitutes, or may constitute, material non-public information

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Forced
Conversion Date” shall have the meaning set forth in Section 4(e).

 

“Fundamental
Transaction” shall have the meaning set forth in Section 5(b).

 

“GAAP”
means United States generally accepted accounting principles.

 

“Holder”
shall have the meaning given such term in the first paragraph of this Note.

 

“Indebtedness”
shall have the meaning set forth in Section 4(a).

 

“Interest
Payment Date” shall have the meaning set forth in the first paragraph of this Note.

 

“Issue
Date” shall have the meaning given such term in the first paragraph of this Note.

 

“Liens”
means a lien, charge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

“Liquidation”
shall have the meaning set forth in Section 3.

 

“Maturity
Date” shall have the meaning given such term in the first paragraph of this Note.

 

“Minimum
Conversion Price” shall have the meaning set forth in Section 4(b).

 

“North
Carolina Courts” shall have the meaning set forth in Section 8(e).

 

    	13

     

    

 

“Note”
shall have the meaning given such term in the first paragraph of this Note.

 

“Notice
of Conversion” shall have the meaning set forth in Section 4(a).

 

“Issue
Date” means the date of the first issuance of any of the Notes.

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Principal
Amount” shall have the meaning set forth in the first paragraph of this Note.

 

“Rule
144” means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time
to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Share
Delivery Date” shall have the meaning set forth in Section 4(c).

 

“Share
Price” shall have the meaning set forth in Section 4(b).

 

“Successor
Entity” shall have the meaning set forth in Section 5(b).

 

“Subsidiary”
means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company.

 

“Total
Market Value” shall have the meaning set forth in Section 4(b).

 

“Trading
Day” means a day on which the New York Stock Exchange is open for business.

 

“Trading
Market” shall have the meaning set forth in Section 4(b).

 

“Trigger
Period” shall have the meaning set forth in Section 4(e).

 

“Triggering
Event” shall have the meaning set forth in Section 7(a).

 

“Triggering
Redemption Amount” means the sum of (a) the Principal Amount; and (b) all accrued but unpaid interest thereon.

 

“Underlying
Shares” means the shares of Common Stock issued and issuable upon conversion or redemption of this Note and issued and
issuable in lieu of the cash payment of interest on the Principal Amount in accordance with the terms of this Note.

 

“VWAP”
shall have the meaning set forth in Section 4(b)

 

    	14

     

    

 

ANNEX
A

 

NOTICE
OF CONVERSION

 

(TO
BE EXECUTED BY THE REGISTERED HOLDER IN ORDER TO CONVERT PROMISSORY NOTE)

 

The
undersigned hereby elects to convert $_____________ principal amount of the Note (defined below) into that number of shares of
Common Stock to be issued pursuant to the conversion of the Note (“Common Stock”) as set forth below, of Life Clips,
Inc., a Wyoming corporation (the “Company”) according to the conditions of the Convertible Promissory Note of the
Company dated as of April ___, 2016 (the “Note”), as of the date written below. No fee will be charged to the Holder
for any conversion, except for transfer taxes, if any.

 

By
the delivery of this Notice of Conversion the undersigned represents and warrants to the Company that its ownership of the Common
Stock does not exceed the amounts specified under Section 4 of this Note, as determined in accordance with Section 13(d)
of the Exchange Act.

 

The
undersigned agrees to comply with the prospectus delivery requirements under the applicable securities laws in connection with
any transfer of the aforesaid shares of Common Stock.

 

Conversion
calculations:

 

	Date
    to Effect Conversion:	

 

	Balance
    of Principal Amount of the Note prior to Conversion:	

 

	Principal
    Amount of Note to be Converted:	

 

	Number
    of shares of Common Stock to be Issued:	

 

	Applicable
    Conversion Price:	

 

	Balance
    of Principal Amount of Note subsequent to Conversion:	

 

	Address
                                         for Delivery:

        
	

or:

DWAC
Instructions:

Broker
no:____________________

Account
no:___________________

 

	 	[HOLDER]
	 	
	 	By:	                         
	 	Name:	
	 	Title:	

 

    	15

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