Document:

THE
SECURITIES EVIDENCED BY THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS
AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR OTHERWISE DISPOSED OF WITHOUT (i) EFFECTIVE REGISTRATION STATEMENT RELATED THERETO,
(ii) AN OPINION OF COUNSEL OR OTHER EVIDENCE, REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH REGISTRATION IS NOT REQUIRED, OR (iii)
RECEIPT OF NO-ACTION LETTERS FROM THE APPROPRIATE GOVERNMENTAL AUTHORITIES.

 

	____________, 20__ 	 	No. W-__________

 

BROWNIE’S
MARINE GROUP, INC.

 

FORM
OF COMMON STOCK PURCHASE WARRANT

 

This
certifies that, for good and valuable consideration, receipt of which is hereby acknowledged, _____________ (“Holder”)
is entitled to purchase, subject to the terms and conditions of this Warrant, from Brownie’s Marine Group, Inc., a Florida corporation
(the “Company”), _______________ (________________) fully paid and nonassessable shares of the Company’s
common stock, par value $0.0001 per share (“Common Stock”). Holder shall be entitled to purchase the shares
of Common Stock in accordance with Section 2 at any time subsequent to the date of this Warrant set forth above and prior to the
Expiration Date (as defined below). The shares of Common Stock of the Company for which this Warrant is exercisable, as adjusted from
time to time pursuant to the terms hereof, are hereinafter referred to as the “Shares.” This Warrant included
in the Unit issued and sold pursuant to the terms and conditions of the Subscription Agreement dated even herewith (the “Subscription
Agreement”).

 

1.
Exercise Period; Price.

 

1.1
Exercise Period. This Warrant shall be immediately exercisable and the exercise period (“Exercise Period”)
shall terminate at 5:00 p.m. Eastern Standard time on September __, 20__1 (the “Expiration Date”).

 

1.2
Exercise Price. The initial purchase price for each of the Shares shall be $_____ per share. Such price shall be subject
to adjustment pursuant to the terms hereof (such price, as adjusted from time to time, is hereinafter referred to as the “Exercise
Price”).

 

2.
Exercise and Payment. At any time after the date of this Warrant, this Warrant may be exercised, in whole or in part, from
time to time by the Holder, during the term hereof, by surrender of this Warrant and the Notice of Exercise attached hereto as Annex
I, duly completed and executed by the Holder, to the Company at the principal executive offices of the Company, together with payment
in the amount obtained by multiplying the Exercise Price then in effect by the number of Shares thereby purchased, as designated in the
Notice of Exercise. Payment may be in cash, wire transfer or by check payable to the order of the Company in immediately available funds.
If not exercised in full, this Warrant must be exercised for a whole number of Shares.

 

 

1
Expiration date will be _______ years from the date of issuance of the Warrant.

 

    	1

     

    

 

3.
Reservation of Shares. The Company hereby agrees that at all times there shall be reserved for issuance and delivery upon
exercise of this Warrant such number of Shares or other shares of capital stock of the Company from time to time issuable upon exercise
of this Warrant. All such Shares shall be duly authorized, and when issued upon such exercise, shall be validly issued, fully paid and
non-assessable, free and clear of all liens, security interests, charges and other encumbrances or restrictions on sale and free and
clear of all preemptive rights.

 

4.
Delivery of Stock Certificates. Within three (3) trading days after exercise, in whole or in part, of this Warrant, the Company
shall issue in the name of and deliver to the Holder a certificate or certificates for the number of fully paid and nonassessable Shares
which the Holder shall have requested in the Notice of Exercise. If this Warrant is exercised in part, the Company shall deliver to the
Holder a new Warrant (dated the date hereof and of like tenor) for the unexercised portion of this Warrant at the time of delivery of
such stock certificate or certificates.

 

5.
No Fractional Shares. This Warrant must be exercised for a whole number of Shares. No fractional shares or scrip representing
fractional Shares will be issued upon exercise of this Warrant. Any fractional Share which otherwise might be issuable on the exercise
of this Warrant as a result of the adjustment provisions Section 9 hereof will be rounded up to the nearest whole Share.

 

6.
Charges, Taxes and Expenses. The Company shall pay all transfer taxes or other incidental charges, if any, in connection with
the transfer of the Shares purchased pursuant to the exercise hereof from the Company to the Holder.

 

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

 

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

 

9.
Adjustment of Exercise Price and Number of Shares. The Exercise Price and the number of and kind of securities purchasable
upon exercise of this Warrant shall be subject to adjustment from time to time as follows:

 

9.1
Subdivisions, Combinations and Other Issuances. If the Company shall at any time after the date hereof but prior to the
expiration of this Warrant subdivide its outstanding securities as to which purchase rights under this Warrant exist, by split-up or
otherwise, or combine its outstanding securities as to which purchase rights under this Warrant exist, the number of Shares as to which
this Warrant is exercisable as of the date of such subdivision, split-up or combination shall forthwith be proportionately increased
in the case of a subdivision, or proportionately decreased in the case of a combination. Appropriate adjustments shall also be made to
the Exercise Price, but the aggregate purchase price payable for the total number of Shares purchasable under this Warrant as of such
date shall remain the same.

 

    	2

     

    

 

9.2
Stock Dividend. If at any time after the date hereof the Company declares a dividend or other distribution on its Common
Stock payable in Common Stock or other securities or rights convertible into Common Stock (“Common Stock Equivalents”)
without payment of any consideration by such holder for the additional shares of Common Stock or the Common Stock Equivalents (including
the additional shares of Common Stock issuable upon exercise or conversion thereof), then the number of Shares for which this Warrant
may be exercised shall be increased as of the record date (or the date of such dividend distribution if no record date is set) for determining
which holders of Common Stock shall be entitled to receive such dividend, in proportion to the increase in the number of outstanding
shares (and shares of Common Stock issuable upon conversion of all such securities convertible into Common Stock) of Common Stock as
a result of such dividend, and the Exercise Price shall be adjusted so that the aggregate amount payable for the purchase of all the
Shares issuable hereunder immediately after the record date (or on the date of such distribution, if applicable), for such dividend shall
equal the aggregate amount so payable immediately before such record date (or on the date of such distribution, if applicable).

 

9.3
Other Distributions. If at any time after the date hereof the Company distributes to holders of its Common Stock, other
than as part of its dissolution or liquidation or the winding up of its affairs, any shares of its capital stock, any evidence of indebtedness
or any of its assets (other than cash, Common Stock or Common Stock Equivalents), then the Company may, at its option, either (i) decrease
the Exercise Price of this Warrant by an appropriate amount based upon the value distributed on each share of Common Stock as determined
in good faith by the Company’s Board of Directors, or (ii) provide by resolution of the Company’s Board of Directors that
on exercise of this Warrant, the Holder hereof shall thereafter be entitled to receive, in addition to the shares of Common Stock otherwise
receivable on exercise hereof, the number of shares or other securities or property which would have been received had this Warrant at
the time been exercised.

 

9.4
Effect of Consolidation, Merger or Sale. In case of any reclassification, capital reorganization, or change of securities
of the class issuable upon exercise of this Warrant (other than a change in par value, or from par value to no par value, or from no
par value to par value, or as a result of any subdivision, combination, stock dividend or other distribution provided for in Sections
9.1, 9.2 and 9.3 above), or in case of any consolidation or merger of the Company with or into any corporation (other
than a consolidation or merger with another corporation in which the Company is the acquiring and the surviving corporation and which
does not result in any reclassification or change of outstanding securities issuable upon exercise of this Warrant), or in case of any
sale of all or substantially all of the assets of the Company, the Company, or such successor or purchasing corporation, as the case
may be, shall duly execute and deliver to the holder of this Warrant a new Warrant (in form and substance satisfactory to the holder
of this Warrant), or the Company shall make appropriate provision without the issuance of a new Warrant, so that the holder of this Warrant
shall have the right to receive, at a total purchase price not to exceed that payable upon the exercise of the unexercised portion of
this Warrant, and in lieu of the Shares theretofore issuable upon exercise of this Warrant, the kind and amount of shares of stock, other
securities, money and property receivable upon such reclassification, capital reorganization, change, merger or sale by a holder of the
number of Shares then purchasable under this Warrant. In any such case, appropriate provisions shall be made with respect to the rights
and interest of Holder so that the provisions hereof shall thereafter be applicable to any shares of stock or other securities and property
deliverable upon exercise hereof, or to any new Warrant delivered pursuant to this Section 9.4, and appropriate adjustments shall
be made to the Exercise Price per share payable hereunder, provided, that the aggregate Exercise Price shall remain the same. The provisions
of this Section 9.4 shall similarly apply to successive reclassifications, capital reorganizations, changes, mergers and transfers.

 

    	3

     

    

 

10.
Notice of Adjustments; Notices. Whenever the Exercise Price or number of Shares purchasable hereunder shall be adjusted pursuant
to Section 9 hereof, the Company shall execute and deliver to the Holder a certificate setting forth, in reasonable detail, the
event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated and the Exercise Price
and number of and kind of securities purchasable hereunder after giving effect to such adjustment, and shall cause a copy of such certificate
to be mailed (by first class mail, postage prepaid) to the Holder.

 

11.
Rights As Shareholder; Notice to Holders. Nothing contained in this Warrant shall be construed as conferring upon the Holder
or his or its transferees the right to vote or to receive dividends or to consent or to receive notice as a shareholder in respect of
any meeting of shareholders for the election of directors of the Company or of any other matter, or any rights whatsoever as shareholders
of the Company. The Company shall give notice to the Holder by registered mail if at any time prior to the expiration or exercise in
full of the Warrants, any of the following events shall occur:

 

(i)
a dissolution, liquidation or winding up of the Company shall be proposed;

 

(ii)
a capital reorganization or reclassification of the Common Stock (other than a change in par value, or from par value to no par value,
or from no par value to par value, or as a result of any subdivision, combination, stock dividend or other distribution) or any consolidation
or merger of the Company with or into another corporation (other than a consolidation or merger with another corporation in which the
Company is the acquiring and the surviving corporation and which does not result in any reclassification or change of outstanding securities
issuable upon exercise of this Warrant), or in case of any sale of all or substantially all of the assets of the Company; or

 

(iii)
a taking by the Company of a record of the holders of any class of securities for the purpose of determining the holders thereof who
are entitled to receive any dividend (other than a cash dividend) for other distribution, any right to subscribe for, purchase or otherwise
acquire any shares of stock of any class or any other securities or property, or to receive any other rights.

 

Such
giving of notice shall be simultaneous with (or in any event, no later than) the giving of notice to holders of Common Stock. Such notice
shall specify the record date or the date of closing the stock transfer books, as the case may be. Failure to provide such notice shall
not affect the validity of any action contemplated in this Section 11.

 

12.
Restricted Securities. The Holder understands that this Warrant and the Shares purchasable hereunder constitute “restricted
securities” under the federal securities laws inasmuch as they are, or will be, acquired from the Company in transactions not involving
a public offering and accordingly may not, under such laws and applicable regulations, be resold or transferred without registration
under the Act, or an applicable exemption from such registration. The Holder further acknowledges that a securities legend to the foregoing
effect shall be placed on any Shares issued to the Holder upon exercise of this Warrant.

 

    	4

     

    

 

13.
Disposition of Shares; Transferability.

 

13.1
Transfer. This Warrant shall be transferable only on the books of the Company, upon delivery thereof duly endorsed by the
Holder or by its duly authorized attorney or representative, accompanied by proper evidence of succession, assignment or authority to
transfer. Upon any registration of transfer, the Company shall execute and deliver new Warrants to the person entitled thereto.

 

13.2
Rights, Preferences and Privileges of Common Stock. The powers, preferences, rights, restrictions and other matters relating
to the shares of Common Stock will be as determined in the Company’s Articles of Incorporation, as amended, as then in effect.

 

14.
Miscellaneous.

 

14.1
Binding Effect. This Warrant and the various rights and obligations arising hereunder shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns.

 

14.2
Entire Agreement. This Warrant and the Subscription Agreement of even date herewith constitute the entire agreement between
the parties with respect to the subject matter hereof and supersede all prior and contemporaneous agreements, whether oral or written,
between the parties hereto with respect to the subject matter hereof.

 

14.3
Amendment and Waiver. Any term of this Warrant may be amended and the observance of any term hereof may be waived (either
generally or in a particular instance and either retroactively or prospectively), with the written consent of the Company and the Holder.
Any waiver or amendment effected in accordance with this Section 14.3 shall be binding upon the Holder and the Company.

 

14.4
Governing Law. This Agreement shall be governed by and construed under the laws of the State of Florida without reference
to the conflicts of law principles thereof. The exclusive jurisdiction for any legal suit, action or proceeding arising out of or related
to this Warrant shall be either the Florida State Supreme Court, County of Broward, or in the United States District Court for the Southern
District of Florida.

 

14.5
Headings. The headings in this Agreement are for convenience only and shall not alter or otherwise affect the meaning hereof.

 

14.6
Severability. If one or more provisions of this Warrant are held to be unenforceable under applicable law, such provision
shall be excluded from this Warrant and the balance of the Warrant shall be interpreted as if such provision were so excluded and the
balance shall be enforceable in accordance with its terms.

 

14.7
Notices. Unless otherwise provided, any notice required or permitted under this Warrant shall be given in the same manner
as provided in the Agreement.

 

    	5

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed and delivered this Warrant as of the date appearing on the first page of this Warrant.

 

	 	THE
    COMPANY:
	 	 
	 	BROWNIE’S
    MARINE GROUP, INC.
	 	 
	 	By:	              
	 	 
	 	Christopher
    H. Constable, Chief Executive Officer

 

    	6

     

    

 

ANNEX
I

 

NOTICE
OF EXERCISE

 

To:
Brownie’s Marine Group, Inc.

 

1.
The undersigned Holder hereby elects to purchase _____________ shares of Common Stock, $0.0001 par value per share (the “Shares”)
of Brownie’s Marine Group, Inc., a Florida corporation (the “Company”), pursuant to the terms of the
attached Warrant. The Holder shall make payment of the Exercise Price by delivering the sum of $____________, in lawful money of the
United States, to the Company in accordance with the terms of the Warrant.

 

2.
Please issue and deliver certificates representing the Warrant Shares purchased hereunder to Holder:______________, Address: in the following
denominations: ____________________________.

 

Taxpayer
ID No.: __________________________________

 

3.
Please issue a new Warrant for the unexercised portion of the attached Warrant, if any, in the name of the undersigned.

 

	Holder:
    	 	 
	 	 	 
	Dated:
    	 	 
	 	 	 
	By:
    	 	 
	 	 	 
	Its:
    	 	 
	 	 	 
	Address:
    	 	 

 

4.
The undersigned is an “accredited investor” as defined in Regulation D promulgated under the Securities Act of 1933, as amended.

 

[SIGNATURE
OF HOLDER]

 

Name
of Investing Entity: ________________________________________________________________________

 

Signature
of Authorized Signatory of Investing Entity:__________________________________________________

 

Name
of Authorized Signatory:____________________________________________________________________

 

Title
of Authorized Signatory:_____________________________________________________________________

 

Date:_________________________________________________________________________________________Exhibit 10.3

 

NEITHER THE ISSUANCE NOR SALE OF THE SECURITIES
REPRESENTED BY THIS CERTIFICATE HAS 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 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.

 

Principal Amount: $139,000

 

Issue Date is the Closing Date in Section 2.02
of the Share Exchange Agreement dated August 23, 2022 (the “Share Exchange Agreement”).

 

UNSECURED PROMISSORY NOTE

 

FOR VALUE RECEIVED, Enviro Technologies U.S.,
Inc., a Florida corporation (hereinafter called the “Borrower”) hereby promises to pay to the order of John A. DiBella
(the “Holder”) the principal sum of $139,000 (the “Principal Amount”) with interest at the rate
of six percent (6%) per year (the “Stated Rate”), on the dates set forth below or upon acceleration or otherwise, as
set forth herein (the “Note”) in exchange for the liabilities due by the Borrower to the Holder in the form of Notes
Payable – Related Party due on the Closing Date.

 

The maturity date shall be 90 days (the “Term”)
from the Issue Date (the “Maturity Date”). The Principal Amount, as well as any accrued and unpaid interest and other
fees, shall be due and payable in accordance with the payment terms set forth in Article I herein.

 

All payments due hereunder shall be made in lawful
money of the United States of America. All payments shall be made at such address or bank the Holder shall hereafter give to the Borrower
by written notice made in accordance with the provisions of this Note. Whenever any amount expressed to be due by the terms of this Note
is due on any day which is not a Business Day, the same shall instead be due on the next succeeding day which is a Business Day. As used
in this Note, the term “Business Day” shall mean any day other than a Saturday, Sunday or a day on which commercial
banks in the State of Florida are authorized or required by law or executive order to remain closed.

 

    	 	 	 

     

    

 

The following additional terms shall also apply
to this Note:

 

Article I. Payments

 

1.1 Payment
of Principal or Interest. The Company shall pay principal and interest to the Holder on a pro rata basis at the rate of 6% per annum,
payable monthly until the end of the Term or until the note is paid in full.

 

Article II. Conversion

 

None.

 

Article III. Default

 

It shall be considered an event of default if
any of the following events listed in this Article II (each, an “Event of Default”) shall occur:

 

3.1 Failure
to Pay Principal or Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this Note, whether at
maturity, upon acceleration, or otherwise.

 

3.2 Breach
of Covenants. The Borrower breaches any material covenant or other material term or condition contained in this Note and such breach
continues for a period of ten (10) days.

 

3.3 Breach
of Representations and Warranties. Any representation or warranty of the Borrower made herein or in any agreement, statement or certificate
given pursuant hereto or in connection herewith, shall be false or misleading in any material respect when made and the breach of which
has (or with the passage of time will have) a material adverse effect on the rights of the Holder with respect to this Note and the Share
Exchange Agreement.

 

3.4 Receiver
or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply for or
consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or
trustee shall otherwise be appointed.

 

3.5 Judgments.
Any money judgment, writ or similar process shall be entered or filed against the Borrower or any subsidiary of the Borrower or any of
its property or other assets for more than $1,000,000, and shall remain unvacated, unbonded, or unstayed for a period of twenty (20) days
unless otherwise consented to by the Holder, which consent will not be unreasonably withheld.

 

3.6 Bankruptcy.
Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under any
bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the Borrower.

 

3.7 Liquidation.
Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

 

3.8 Cessation
of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such
debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern”
shall not be an admission that the Borrower cannot pay its debts as they become due.

 

    	 	2	 

     

    

 

3.9 Illegality.
Any court of competent jurisdiction issues an order declaring this Note, the Share Exchange Agreement or any provision hereunder or thereunder
to be illegal.

 

3.10 Cross-Default.
Notwithstanding anything to the contrary contained in this Note, a breach or default by the Borrower of any covenant or other term or
condition contained in any of the other financial instruments, including but not limited to all promissory notes, currently issued, or 
hereafter issued, by the Borrower, to the Holder or any other 3rd party (the “Other Agreements”), after
the passage of all applicable notice and cure or grace periods, shall, at the option of the Holder, be considered a default under this
Note, in which event the Holder shall be entitled to apply all rights and remedies of the Holder under the terms of this Note by reason
of a default under said Other Agreement or hereunder.

During the continuation of any Event of Default
specified in this Article II, exercisable through the delivery of written notice to the Borrower by the Holder (the “Default
Notice”) (provided, however, that no Default Notice need to be provided by the Holder and no notice and no cure period shall
apply in the case of the Events of Default specified in Sections 3.1, 3.4, 3.6, and 3.7 above), this Note shall become immediately due
and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount (the “Default
Amount”) equal to the Principal Amount then outstanding plus accrued interest through the date of full repayment. Upon an uncured
Event of Default, all amounts payable hereunder shall immediately become due and payable, all without demand, presentment or notice, all
of which hereby are expressly waived by the Borrower, 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, including, without
limitation, those set forth in this Note.

 

Article IV. Miscellaneous provisions

 

4.1 Failure
or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further
exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative to, and not exclusive
of, any rights or remedies otherwise available.

 

4.2 Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and,
unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt
requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery,
telegram, facsimile, or electronic mail addressed as set forth below or to such other address as such party shall have specified most
recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a)
upon hand delivery, upon electronic mail delivery, or delivery by facsimile, with accurate confirmation generated by the transmitting
facsimile machine, at the address or number designated below (if delivered on a Business Day during normal business hours where such notice
is to be received), or the first Business Day following such delivery (if delivered other than on a Business Day during normal business
hours where such notice is to be received) or (b) on the second Business Day following the date of mailing by express courier service,
fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such
communications shall be as follows:

 

    	 	3	 

     

    

 

If to the Borrower, to:

 

Enviro Technologies U.S., Inc.

 

If to the Holder:

 

John A. DiBella

 

4.3 Amendments.
This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and the Holder. The term “Note”
and all reference thereto, as used throughout this instrument, shall mean this instrument as originally executed, or if later amended
or supplemented, then as so amended or supplemented.

 

4.4 Assignability.
This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to be the benefit of the Holder and its successors
and assigns. Each transferee of this Note must be an “accredited investor” (as defined in Rule 501(a) of the 1933 Act). Notwithstanding
anything in this Note to the contrary, this Note may be pledged as collateral in connection with a bona fide margin account or other lending
arrangement.

 

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

 

4.6 Governing
Law. This Note shall be governed by and construed in accordance with the laws of the State of Florida without regard to principles
of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Note shall
be brought only in the state and/or federal courts located in Florida. The parties to this Note hereby irrevocably waive any objection
to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or
based upon forum non conveniens.

 

4.7 THE
BORROWER HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS NOTE OR ANY TRANSACTIONS CONTEMPLATED HEREBY.

 

4.8 The
prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and costs. In the event that any provision
of this Note or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute or rule
of law, 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 any agreement. Each party hereby irrevocably waives personal service of process and consents
to process being served in any suit, action or proceeding in connection with this Agreement or the Share Exchange Agreement 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 law.

 

4.9 Prepayment.
Notwithstanding anything to the contrary contained in this Note, the Borrower may prepay any amount outstanding under this Note, prior
to the Maturity Date, by making a payment to the Holder of an amount in cash equal to the outstanding Principal Amount owed under the
Note plus all unpaid interest through the remainder of the Term, subject to the Holder’ written acceptance in Holder’ sole
discretion.

 

    	 	4	 

     

    

 

IN WITNESS WHEREOF, Borrower has caused this Note
to be signed in its name by its duly authorized officer effective ____________, 2022.

 

	Holder	 
	 	 
	By:	/s/ John A. DiBella	 
	Name:	John A. DiBella	 

 

	Borrower	 
	 	 
	Enviro Technologies U.S., Inc., a Florida corporation	 
	 	 
	By:	/s/ John A. DiBella	 
	Name:	 	 
	Title:	 	 

 

 

5

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